United States Economy

North America · High income · Capital: Washington D.C.

Updated 17 Oct 2026

GDP Annual Growth Rate in the United States decreased to 2.19 percent in Q2 2026 from 2.64 percent in Q1 2026. Inflation Rate in the United States increased to 3.74 percent in Sep 2026 from 3.40 percent in Aug 2026.

GDP Growth
2.2%
▼ −0.4 pp Q2 2026 · OECD
Inflation Rate
3.7%
▲ +0.3 pp Sep 2026 · OECD
Interest Rate
3.88%
▲ +0.25 pp Sep 2026 · BIS
Unemployment
4.2%
▲ +0.1 pp Sep 2026 · OECD

GDP Growth Rate

Real GDP, annual % change. Hatched bars are IMF projections.

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Inflation vs Interest Rate

Monthly data, %. Source: OECD, BIS.

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Key Highlights

  • Real GDP grew 2.2% in Q2 2026 (previous year: 2.6%).
  • Consumer price inflation was 3.7% in Sep 2026, compared with 3.4% in the previous period.
  • The central bank policy rate stood at 3.88% at the end of Sep 2026 (previous: 3.63%).
  • The unemployment rate was 4.2% in Sep 2026 (previous: 4.1%).
  • General government debt was 124.4% of GDP in 2025.
  • The IMF projects real GDP growth of 2.3% for 2026 (World Economic Outlook projection).

Main Indicators

IndicatorLastPreviousPeriodTrendSource
GDP Annual Growth Rate2.2%2.6%Q2 2026OECD
Interest Rate3.88%3.63%Sep 2026BIS
Inflation Rate3.7%3.4%Sep 2026OECD
Unemployment Rate4.2%4.1%Sep 2026OECD
Government Debt to GDP124.4%122.3%2025IMF
Balance of Trade-$898.5B-$786.5B2024World Bank
Current Account to GDP-3.8%-4.1%2025World Bank
GDP$30,769.7B$29,298.0B2025World Bank

GDP

IndicatorLastPreviousPeriodTrendSource
GDP per Capita$90,027$86,1702025World Bank
GDP per Capita PPP$90,027$86,1702025World Bank
Gross National Income$30,585.8B$28,993.4B2025World Bank
GDP from Agriculture0.9%0.9%2021World Bank
GDP from Industry17.6%17.3%2021World Bank
GDP from Manufacturing10.5%10.5%2021World Bank
GDP from Services76.3%77.0%2021World Bank
Gross Fixed Capital Formation21.3%21.4%2024World Bank
Household Consumption to GDP67.9%67.7%2024World Bank
GDP Growth Rate0.55%0.62%Q2 2026OECD

Labour

IndicatorLastPreviousPeriodTrendSource
Youth Unemployment Rate9.3%8.9%2025World Bank
Labour Force Participation Rate61.7%62.0%2025World Bank
Employment Rate59.1%59.5%2025World Bank
Population341.78M340.00M2025World Bank

Prices

IndicatorLastPreviousPeriodTrendSource
GDP Deflator Growth2.8%2.5%2025World Bank
Core Inflation Rate2.4%2.5%Aug 2026OECD
Inflation Rate MoM0.59%0.32%Sep 2026OECD
Food Inflation2.2%2.7%Aug 2026OECD

Money

IndicatorLastPreviousPeriodTrendSource
Lending Rate3.25%3.54%2021World Bank
Broad Money Growth6.0%5.3%2025World Bank
Foreign Exchange Reserves$1,385.4B$910.0B2025World Bank
Private Debt to GDP139.7%140.2%Q1 2026BIS
Government Bond 10Y Yield4.99%4.68%Sep 2026OECD
Interbank Rate3.94%3.82%Sep 2026OECD

Trade

IndicatorLastPreviousPeriodTrendSource
Current Account-$1,177.1B-$1,198.6B2025World Bank
Exports$3,215.4B$3,073.4B2024World Bank
Imports$4,113.8B$3,859.9B2024World Bank
Foreign Direct Investment$307.02B$248.58B2025World Bank
Remittances$9.35B$9.03B2025World Bank
Terms of Trade105.4106.52024World Bank
Tourist Arrivals45.04M165.48M2020World Bank
Tourism Revenues$84.21B$239.45B2020World Bank

Government

IndicatorLastPreviousPeriodTrendSource
Government Budget-7.1%-7.8%2025IMF
Government Revenues to GDP29.9%29.9%2024IMF
Government Spending to GDP37.9%37.7%2024IMF
Tax Revenue to GDP10.8%10.6%2024World Bank
Military Expenditure3.12%3.43%2025World Bank

Business

IndicatorLastPreviousPeriodTrendSource
Industrial Production1.4%1.1%Aug 2026OECD
Composite Leading Indicator101.00100.95Sep 2026OECD
Business Confidence100.34100.36Sep 2026OECD

Consumer

IndicatorLastPreviousPeriodTrendSource
Retail Sales YoY0.8%1.5%Sep 2025OECD
Consumer Confidence96.1496.34Sep 2026OECD

Housing

IndicatorLastPreviousPeriodTrendSource
Residential Property Prices1.2%0.7%Q2 2026BIS

United States economy explained in simple words

Size of the economy

The economy of the United States produced goods and services worth $30,769.7B in 2025, making it the 1st largest of 214 economies with data.

With a population of about 341.8 million, GDP per person is $90,027. The World Bank classifies United States as a “high income” economy.

Economic growth

Real GDP grew 2.2% in 2026, compared with world growth of 3.5% (IMF).

Over the last 10 years growth averaged 2.6% a year, ranging from 2.0% to 3.3%.

The IMF projects growth of 2.3% in 2026.

Prices and interest rates

Consumer price inflation was 3.7% in Sep 2026 (reference: the Federal Reserve’s 2% target).

The central bank policy rate was 3.88% at the end of Sep 2026.

The difference between the two — the real interest rate — is about 0.14%.

Jobs

The unemployment rate was 4.2% in Sep 2026 (world: 4.8%).

About 61.7% of people aged 15 and over are in the labour force (working or looking for work).

Government finances

General government debt was 124.4% of GDP in 2025, compared with a median of 52.9% across 191 economies.

The government budget balance was -7.1% of GDP (2025) — a deficit, meaning spending exceeded revenue.

Trade and external position

The current account was -3.8% of GDP in 2025 — a deficit with the rest of the world.

Exports of goods and services were $3,215.4B and imports $4,113.8B.

Foreign exchange reserves (including gold) stood at $1,385.4B.

Structure of the economy

By sector, value added is split roughly as: services 76.3%, industry 17.6%, agriculture 0.9% of GDP.

How to read this page

The four boxes at the top show the most-watched numbers: GDP growth (how fast the economy is expanding), inflation (how fast prices are rising), the central bank policy rate (the base cost of borrowing) and unemployment (the share of job-seekers without work). The small arrow shows the change from the previous reading.

The tabs group all available indicators by topic — GDP, labour, prices, money, trade, government and housing. Each row shows the latest value, the previous value, the period it refers to, a small trend line and the source. Click any indicator to open its full history, chart, statistics and comparison with other countries.

Monthly and quarterly figures come from national statistics offices and central banks — via the OECD, the Bank for International Settlements (BIS) and, for India, the Ministry of Statistics (MoSPI); annual figures come from the World Bank and the IMF. Different indicators are published at different times, so the periods shown can differ.

Frequently asked questions

What is the GDP growth rate of United States?
The latest GDP growth rate of United States is 2.2% (Q2 2026), compared with 2.6% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the inflation rate of United States?
The latest inflation rate of United States is 3.7% (Sep 2026), compared with 3.4% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the interest rate of United States?
The latest interest rate of United States is 3.88% (Sep 2026), compared with 3.63% in the previous period. Source: Bank for International Settlements (BIS).
What is the unemployment rate of United States?
The latest unemployment rate of United States is 4.2% (Sep 2026), compared with 4.1% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the government debt to GDP ratio of United States?
The latest government debt to GDP ratio of United States is 124.4% (2025), compared with 122.3% in the previous period. Source: IMF — World Economic Outlook.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.