USAFacts uses data to show how the US economy changed in 2023 compared to pre-pandemic levels. Get nonpartisan data about economic indicators like GDP growth, unemployment rates, earnings, and more with the State of the Union in Numbers.

Economy Understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

Learn the facts about the US economy: both national measures like GDP and inflation and data with personal impact, like wages and housing prices.

6 days ago · In a supply-and-demand economy, when supply of a certain commodity goes down, prices tend to go up, because there is less of the commodity available to meet the demand. Tariffs, like all taxes, drive an economic “wedge” between what an importer pays and what an exporter receives as payment.

Jan 9, 2025 · About $248.6 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $248.6 billion is the “real GDP,” which is adjusted to account for inflation to …

Aug 28, 2024 · How have Americans’ feelings about the economy changed? In 2019, 50% of adults felt that the national economy was in either good or excellent shape, while 63% thought the same of their local economy. In 2020, those sentiments dropped to 26% on the national level and 43% locally. Both figures hit low points in 2022 before ticking up in 2023.

Jan 8, 2025 · About $422.4 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $422.4 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 8, 2025 · About $677.2 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $677.2 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 9, 2025 · About $75.2 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $75.2 billion is the “real GDP,” which is adjusted to account for inflation to make …

Jan 8, 2025 · About $95.9 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $95.9 billion is the “real GDP,” which is adjusted to account for inflation to make …