Growth Indicator
Nominal GDP (Current Dollars)
Updated 2026-03-27 · Quarterly · Source: Bureau of Economic Analysis · Next release: 2026-06-26
Historical Trend
| Date | Value |
|---|---|
| 2026-Q1 | 29.72T |
| 2025-Q4 | 29.35T |
| 2025-Q3 | 29.35T |
| 2025-Q2 | 29.22T |
| 2025-Q1 | 29.10T |
| 2024-Q4 | 29.02T |
| 2024-Q3 | 28.97T |
| 2024-Q2 | 28.63T |
| 2024-Q1 | 28.02T |
What This Means for Business
Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate total addressable revenue, and benchmark company performance against the broader economy. Revenue growing faster than nominal GDP means you're gaining market share.
About Nominal GDP
Nominal GDP measures the total dollar value of all goods and services produced in the United States at current market prices, without adjusting for inflation. It represents the raw size of the economy.
Methodology
Nominal GDP is calculated using current-year prices (no inflation adjustment), making it useful for comparing the dollar-denominated size of the economy over time. It includes all final goods and services produced within U.S. borders.
Related Indicators
Frequently Asked Questions
What is the difference between nominal and real GDP?
Nominal GDP measures economic output in current dollars without adjusting for inflation. Real GDP adjusts for price changes, giving a clearer picture of actual economic growth. If nominal GDP grows 5% and inflation is 3%, real GDP growth is approximately 2%. Real GDP is preferred for measuring true economic expansion.
How large is the U.S. economy compared to other countries?
The U.S. economy is the world's largest at approximately $29.7 trillion in nominal GDP. China is second at roughly $18 trillion, followed by Germany, Japan, and India. The U.S. accounts for about 25% of global GDP despite having only 4% of the world's population.