The components of US Gross Domestic Product (GDP) for the year 2024 Table: US GDP measured by components of demand for the year 2024 Component Amount (trillions of $) Percent Pie chart percent Consumption 19.928167 67.89% 52.90% Investment 5.347692 18.22% 14.20% Government 5.032578 17.14% 13.36% Exports 3.204134 10.92% 8.51% Imports 4.15825 -14.17% 11.04% Total GDP 29....
US Historical Growth and Recession This chart illustrates the US real Gross Domestic Product (GDP) on a quarterly basis from 1947 to 2020. The graph includes shaded vertical bars that represent periods of recession or economic contraction. A recession is defined as negative economic growth for two consecutive quarters, and this definition is also applied to this graph. The most recent instances of a recession were observed during the 2008 financial crisis and the COVID-19 pandemic....