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United States economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

The United States ranked 1/197 by economy size with a GDP of $28.8T and 10/197 by GDP per capita at $84,534. The United States has $35.2T in government debt, with a debt-to-GDP ratio of 122.3%.

In 2024, the United States made up 25.9% of the world's economy, compared to 39.7% in 1960.

United States GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $28,750,956,130,731 2.79%
2023 $27,292,170,793,214 2.89%
2022 $25,604,848,907,611 2.51%
2021 $23,315,080,560,000 6.06%
2020 $21,060,473,613,000 -2.16%
2019 $21,380,976,119,000 2.58%
2018 $20,533,057,312,000 2.97%
2017 $19,477,336,549,000 2.46%
2016 $18,695,110,842,000 1.82%
2015 $18,206,020,741,000 2.95%
2014 $17,550,680,174,000 2.52%
2013 $16,843,190,993,000 2.12%
2012 $16,253,972,230,000 2.29%
2011 $15,599,728,123,000 1.56%
2010 $15,048,964,444,000 2.7%
2009 $14,478,064,934,000 -2.58%
2008 $14,769,857,911,000 0.11%
2007 $14,474,226,905,000 2%
2006 $13,815,586,948,000 2.78%
2005 $13,039,199,193,000 3.48%
2004 $12,217,193,198,000 3.85%
2003 $11,456,442,041,000 2.8%
2002 $10,929,112,955,000 1.7%
2001 $10,581,929,774,000 0.96%
2000 $10,250,947,997,000 4.08%
1999 $9,631,174,489,000 4.79%
1998 $9,062,818,202,000 4.48%
1997 $8,577,554,457,000 4.45%
1996 $8,073,122,000,000 3.77%
1995 $7,639,749,000,000 2.68%
1994 $7,287,236,000,000 4.03%
1993 $6,858,559,000,000 2.75%
1992 $6,520,327,000,000 3.52%
1991 $6,158,129,000,000 -0.11%
1990 $5,963,144,000,000 1.89%
1989 $5,641,580,000,000 3.67%
1988 $5,236,438,000,000 4.18%
1987 $4,855,215,000,000 3.45%
1986 $4,579,631,000,000 3.46%
1985 $4,338,979,000,000 4.17%
1984 $4,037,613,000,000 7.24%
1983 $3,634,038,000,000 4.58%
1982 $3,343,789,000,000 -1.8%
1981 $3,207,041,000,000 2.54%
1980 $2,857,307,000,000 -0.26%
1979 $2,627,333,000,000 3.17%
1978 $2,351,599,000,000 5.54%
1977 $2,081,826,000,000 4.62%
1976 $1,873,412,000,000 5.39%
1975 $1,684,904,000,000 -0.21%
1974 $1,545,243,000,000 -0.54%
1973 $1,425,376,000,000 5.65%
1972 $1,279,110,000,000 5.26%
1971 $1,164,850,000,000 3.29%
1970 $1,073,303,000,000 0.22%
1969 $1,017,438,172,414 3.1%
1968 $940,225,000,000 4.8%
1967 $859,620,034,483 2.5%
1966 $813,032,758,621 6.5%
1965 $741,904,862,069 6.4%
1964 $684,144,620,690 5.8%
1963 $637,058,551,724 4.4%
1962 $603,639,413,793 6.1%
1961 $561,940,310,345 2.3%
1960 $541,988,586,207 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/united-states | CC BY

United States GDP per capita by year

GDP per capita
1x
Year Current $
GDP per capita
2024 $84,534
2023 $81,490
2022 $76,829
2021 $70,249
2020 $63,526
2019 $65,120
2018 $62,823
2017 $59,908
2016 $57,867
2015 $56,763
2014 $55,124
2013 $53,291
2012 $51,784
2011 $50,066
2010 $48,651
2009 $47,195
2008 $48,570
2007 $48,050
2006 $46,302
2005 $44,123
2004 $41,725
2003 $39,490
2002 $37,998
2001 $37,134
2000 $36,330
1999 $34,484
1998 $32,823
1997 $31,430
1996 $29,937
1995 $28,661
1994 $27,662
1993 $26,353
1992 $25,381
1991 $24,293
1990 $23,840
1989 $22,857
1988 $21,417
1987 $20,039
1986 $19,071
1985 $18,237
1984 $17,121
1983 $15,544
1982 $14,434
1981 $13,976
1980 $12,613
1979 $11,674
1978 $10,565
1977 $9,453
1976 $8,592
1975 $7,801
1974 $7,226
1973 $6,726
1972 $6,094
1971 $5,609
1970 $5,234
1969 $5,020
1968 $4,685
1967 $4,326
1966 $4,136
1965 $3,818
1964 $3,565
1963 $3,366
1962 $3,236
1961 $3,059
1960 $3,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/united-states | CC BY

The United States has a GDP per capita of $84,534, ranking 10/197, and a median annual after tax income of $53,202, ranking 8/197.

United States GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 1 8 9
2023 1 11 9
2022 1 10 11
2021 1 11 9
2020 1 8 10
2019 1 11 10
2018 1 11 10
2017 1 11 10
2016 1 10 9
2015 1 10 11
2014 1 14 12
2013 1 12 13
2012 1 15 13
2011 1 19 15
2010 1 13 15
2009 1 14 16
2008 1 20 15
2007 1 17 15
2006 1 13 13
2005 1 11 12
2004 1 11 13
2003 1 10 12
2002 1 7 14
2001 1 7 13
2000 1 8 13
1999 1 8 12
1998 1 8 12
1997 1 9 12
1996 1 10 11
1995 1 12 11
1994 1 8 11
1993 1 8 11
1992 1 12 11
1991 1 12 11
1990 1 12 11
1989 1 11 -
1988 1 12 -
1987 1 12 -
1986 1 5 -
1985 1 5 -
1984 1 6 -
1983 1 8 -
1982 1 9 -
1981 1 12 -
1980 1 16 -
1979 1 17 -
1978 1 15 -
1977 1 14 -
1976 1 14 -
1975 1 14 -
1974 1 12 -
1973 1 7 -
1972 1 2 -
1971 1 2 -
1970 1 2 -
1969 1 1 -
1968 1 1 -
1967 1 1 -
1966 1 2 -
1965 1 2 -
1964 1 2 -
1963 1 2 -
1962 1 2 -
1961 1 1 -
1960 1 1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/united-states | CC BY

Compared with 2000, in 2024 the United States is ranked 1st out of 182 by GDP (unchanged), 8th by GDP per capita (unchanged from 8th), and 9th by GDP per capita PPP (up from 13th).

Economic indicators

United States Rank
Gross domestic product
$28.8T
2024
1/197
GDP growth
2.79%
2023-2024
111/194
GDP per capita
$84,534
2024
10/197
GDP per capita, PPP
$85,810
2024
12/197
Government debt
$35.2T
2024
1/185
Debt-to-GDP ratio
122.3%
2024
12/185
Government debt per person
$103,404
2024
2/185
Average annual personal income after taxes
$53,202
2026
8/197
Listed domestic companies
4,010
2024
3/103
Market capitalization of domestic companies
$62.2T
2024
1/100
Number of millionaires
23,831,000
2025
1/35
Millionaire frequency
1 in 11
2025
2/35
Number of billionaires
902
2025
1/78
Billionaire frequency
1 in 286,885
2025
11/78
Income share by richest 10%
30.4%
2023
54/169
Income share by poorest 10%
1.8%
2023
149/169
Government expenditure, % of GDP
37.9%
2024
60/195
Consumer prices inflation
2.95%
2023-2024
105/195
Central bank interest rate
3.75%
2025
78/106
Unemployment rate
4.02%
2024
125/196
Population
344023146
3/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 37.9% 122.3% -8.03%
2023 37.7% 119.8% -7.8%
2022 36.8% 119.1% -3.72%
2021 43.2% 125% -11.4%
2020 44.7% 132.5% -14.1%
2019 35.8% 108.8% -5.81%
2018 35.3% 107.6% -5.33%
2017 35.2% 106.4% -4.79%
2016 35.3% 107.4% -4.36%
2015 35% 105.4% -3.53%
2014 35.3% 104.9% -4.03%
2013 35.8% 105% -4.56%
2012 37.2% 103.7% -8.11%
2011 38.8% 100% -9.72%
2010 39.8% 95.6% -11%
2009 41.4% 87.1% -13.2%
2008 37.1% 73.8% -6.61%
2007 34.6% 64.9% -2.91%
2006 33.7% 64.5% -2.04%
2005 33.9% 65.8% -3.07%
2004 33.7% 66.4% -4.24%
2003 34% 59% -4.77%
2002 33.7% 55.9% -3.82%
2001 32.8% 53.5% -0.54%
2000 31.7% 54.5% 3.62%
1999 32.2% 60.5% 2.71%
1998 32.8% 64.2% 2.18%
1997 33.7% 67.4% 0.88%
1996 34.7% 69.9% -0.46%
1995 35.5% 70.7% -1.7%
1994 35.5% 71.1% -2.05%
1993 36.4% 71.9% -3.35%
1992 36.7% 70.3% -3.98%
1991 35.7% 67.9% -2.72%
1990 34.5% 63.1% -1.64%
1989 33.7% 61.6% -0.8%
1988 33.7% 61.3% -1.06%
1987 34.3% 60.6% -1.53%
1986 34.8% 58.9% -2.81%
1985 34.5% 55.4% -2.63%
1984 34.3% 50.6% -2.97%
1983 35.7% 48.9% -4.26%
1982 35.8% 45.9% -3.78%
1981 33.9% 41.1% -1.58%
1980 33.7% 41.9% -2.17%
1979 32% 41.2% -0.79%
1978 32.6% 42.5% -1.7%
1977 33.4% 43.6% -2.57%
1976 34.2% 44.8% -3.63%
1975 35.2% 44.6% -5.4%
1974 32.9% 41.4% -1.27%
1973 31.9% 42.6% -0.86%
1972 32.8% 45.4% -1.86%
1971 32.3% 47% -2.63%
1970 31.5% 46.4% -1.21%
1969 29.3% 45.9% 2.11%
1968 29.1% 48.5% 1.23%
1967 28.3% 50.4% 0.47%
1966 26.3% 50.6% 2.07%
1965 25.4% 53.7% 2.38%
1964 25.6% 56.7% 2.18%
1963 26% 58.8% 2.87%
1962 26% 60.2% 2.32%
1961 25.9% 62.3% 2.28%
1960 24.9% 61.7% 3.2%
1959 24.7% 56.1% -9.06%
1958 25.7% 59.1% -8.68%
1957 24.1% 58.6% -6.72%
1956 23.1% 62.3% -6.02%
1955 23.2% 66.1% -7.4%
1954 24.4% 71.2% -5.55%
1953 24.6% 70% -5.76%
1952 24.4% 72.3% -5.41%
1951 22.7% 75.2% -6.93%
1950 22.2% 87.4% -8.22%
1949 23.5% 94.4% -7.94%
1948 21% 93.6% -4.16%
1947 21.8% 105.7% -3.99%
1946 26% 121.2% -6.45%
1945 36.6% 116% -14.1%
1944 35.2% 91.5% -13.4%
1943 31.9% 68.9% -19.3%
1942 25.7% 44.8% -16.3%
1941 17.4% 38.6% -10.2%
1940 16.5% 42.4% -9.73%
1939 17.3% 44% -11.9%
1938 16.9% 43.2% -10.4%
1937 14.6% 39.6% -9.22%
1936 16.9% 40.4% -12.1%
1935 18.4% 39.2% -13.3%
1934 19.4% 41% -14.9%
1933 17.9% 40% -14.3%
1932 16% 33.1% -12.7%
1931 13.8% 21.9% -9.76%
1930 9.9% 17.7% -5.46%
1929 8.3% 16.3% -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/united-states | CC BY

This chart shows the United States' government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, the United States recorded a fiscal deficit in 46 of them, with an average annual deficit equal to 3.84% of GDP. In 2024, government spending reached $10.9T (37.9% of GDP), with a deficit of 8.03%.

The national debt reached $35.2T, ranking 1st out of 185 countries by total size, with a debt-to-GDP ratio of 122.3%, ranking 12th.

Inflation rate by year

1x
Year Inflation
2024 2.95%
2023 4.12%
2022 8%
2021 4.7%
2020 1.23%
2019 1.81%
2018 2.44%
2017 2.13%
2016 1.26%
2015 0.12%
2014 1.62%
2013 1.46%
2012 2.07%
2011 3.16%
2010 1.64%
2009 -0.36%
2008 3.84%
2007 2.85%
2006 3.23%
2005 3.39%
2004 2.68%
2003 2.27%
2002 1.59%
2001 2.83%
2000 3.38%
1999 2.19%
1998 1.55%
1997 2.34%
1996 2.93%
1995 2.81%
1994 2.61%
1993 2.95%
1992 3.03%
1991 4.23%
1990 5.4%
1989 4.83%
1988 4.08%
1987 3.66%
1986 1.9%
1985 3.55%
1984 4.3%
1983 3.21%
1982 6.13%
1981 10.3%
1980 13.5%
1979 11.3%
1978 7.63%
1977 6.5%
1976 5.74%
1975 9.14%
1974 11.1%
1973 6.18%
1972 3.27%
1971 4.29%
1970 5.84%
1969 5.46%
1968 4.27%
1967 2.77%
1966 3.02%
1965 1.59%
1964 1.28%
1963 1.24%
1962 1.2%
1961 1.07%
1960 1.46%

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/united-states | CC BY

Over the past 20 years, the United States has had an average annual inflation rate of 2.58%. In 2024, inflation was 2.95%. The bar chart above shows consumer price inflation by year.

Balance of trade

United States Rank
Current account balance
-$1.19T
2024
190/190
Current account balance, % of GDP
-4.12%
2024
127/190
Goods imports
$3.3T
2024
1/189
Goods exports
$2.08T
2024
2/189
Service imports
$841B
2024
1/189
Service exports
$1.15T
2024
1/189
Imports of goods and services, % of GDP
14.3%
2024
176/181
Exports of goods and services, % of GDP
11.1%
2024
174/193

United States top 10 trading partners

The United States' biggest trading partner accounting for 13.9% of all exports and imports is Mexico, with a trade balance between the two of -$177B: the US exports $372B worth of goods and services to Mexico and imports $548B.

Below is the list of the top 10 trade partners of the United States.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 Mexico $920B 13.9% $372B $548B Machinery & equipment Machinery & equipment
2 Canada $887B 13.4% $420B $467B Machinery & equipment Raw materials & minerals
3 China $674B 10.2% $185B $489B Machinery & equipment Machinery & equipment
4 Germany $323B 4.89% $116B $207B Machinery & equipment Machinery & equipment
5 Japan $311B 4.71% $118B $193B Machinery & equipment Machinery & equipment
6 United Kingdom $305B 4.61% $162B $143B Business & finance services Business & finance services
7 South Korea $238B 3.6% $87.8B $150B Machinery & equipment Machinery & equipment
8 Ireland $227B 3.44% $101B $126B Business & finance services Chemicals & pharma
9 India $192B 2.91% $67.6B $124B Transport & tourism services Machinery & equipment
10 Switzerland $179B 2.71% $80.7B $98.2B Business & finance services Chemicals & pharma

Top 10 exports

United States Rank
Machinery & equipment $857B 3/193
Business & finance services $436B 1/188
Raw materials & minerals $370B 1/193
Transport & tourism services $301B 1/188
Chemicals & pharma $300B 1/193
IT & IP services $194B 2/183
Precious metals & jewellery $86.7B 4/190
Metals $84.2B 3/192
Miscellaneous $81.7B 2/191
Raw agricultural goods $80.4B 1/193

Top 10 imports

United States Rank
Machinery & equipment $1.58T 1/193
Chemicals & pharma $425B 1/193
Raw materials & minerals $336B 2/193
Transport & tourism services $323B 2/188
Textiles & consumer goods $315B 1/193
Business & finance services $255B 1/188
Metals $159B 1/193
Miscellaneous $137B 1/193
Processed food, beverages & tobacco $126B 1/193
Precious metals & jewellery $108B 4/193

Economic freedom indices

United States Rank
Economic freedom 72.8 27/197
Property rights 91.6 17/182
Government integrity 77.1 21/182
Judicial effectiveness 76.4 40/182
Tax burden 75.3 120/182
Government spending 57.9 124/180
Fiscal health 18.5 155/181
Business freedom 88.6 7/182
Labor freedom 76.3 3/182
Monetary freedom 84.2 3/180
Trade freedom 67.6 113/181
Investment freedom 80 20/181
Financial freedom 80 16/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 72.8 76.4 75.3 57.9 18.5
2025 70.2 76.6 75.6 55.8 0
2024 70.1 74.8 74.8 48.7 0
2023 70.6 73.4 75.4 49.3 0
2022 72.1 77.9 75.9 54.5 0
2021 74.8 72.4 76 62.2 34.9
2020 76.6 83.7 74.6 56.5 54.3
2019 76.8 78.6 75.1 57.1 53.1
2018 75.7 76.9 65.1 56.5 54.8
2017 75.1 75.1 65.3 55.9 53.3
2016 75.4 - 65.6 54.7 -
2015 76.2 - 66.2 51.8 -
2014 75.5 - 65.8 48.1 -
2013 76 - 69.3 47.8 -
2012 76.3 - 69.8 46.7 -
2011 77.8 - 68.3 54.6 -
2010 78 - 67.5 58 -
2009 80.7 - 67.5 59.6 -
2008 81 - 68.3 59.8 -
2007 81.2 - 69 60.3 -
2006 81.2 - 68.9 61.1 -
2005 79.9 - 68.6 60 -
2004 78.7 - 67.2 62.2 -
2003 78.2 - 63.5 63.5 -
2002 78.4 - 63.4 65.3 -
2001 79.1 - 63.5 71.2 -
2000 76.4 - 63.8 69.3 -
1999 75.5 - 64.1 61.3 -
1998 75.4 - 64.3 60.3 -
1997 75.6 - 64.5 60 -
1996 76.7 - 64.7 57.8 -
1995 76.7 - 64.8 57.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/united-states | CC BY

The United States is ranked 22/174 for economic freedom with a score of 72.8, compared to 4/162 and a score of 81.2 in 2006.

Other economic metrics

United States Rank
Services, % of GDP
79.7%
2024
6/191
Industry, % of GDP
17.3%
2024
148/194
Agriculture, forestry, and fishing, % of GDP
0.85%
2024
176/193
GNI, Atlas method
$28.4T
2024
1/194
GNI per capita, PPP
$85,980
2024
8/191
Total reserves including gold
$910B
2024
3/177
Net foreign direct investment
$25.1B
2024
12/189
Net inflows of foreign direct investment
$297B
2024
1/193
Net outflows of foreign direct investment
$322B
2024
1/193
Poverty at national poverty lines
15.1%
2020
129/176
Gross capital formation, % of GDP
21.8%
2024
103/178

Compare United States vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2001–2024, retrieved 2026-02-20)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.