GDP (PPP) Country/Economy GDP (billions of Int. According to the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), every state saw increased total energy expenditures and total energy expenditures as a percentage of gross domestic product (GDP) in 2017 compared with the previous year. The Gross Domestic Product (GDP) in the United States was worth 21427.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. and over 1 Mio. China was the world's second-largest military spender in 2019, accounting for 14% of total global expenditure. North Carolina GDP represents 2.76% of US GDP which made it the 12th largest economy in the nation in 2019. Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China’s economy is now 66.4% the size. North Carolina GDP was $591,601,000,000 in 2019. GDP (current US$) - European Union, United States, China from The World Bank: Data. Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Publish your articles and forecasts in our website. Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. The United States experienced some of its best years of job gains in 2014 and 2015 in Obama’s second term when the economy added more than 225,000 jobs a … source: World Bank 10Y 25Y It's been a record 13 straight years without reaching 3% real gross domestic product growth. The Gross Domestic Product (GDP) in the United States was worth 21427.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Data source is International Monetary Fund World Economic Outlook (October-2018). Last year's total was 3.6% higher in real terms than 2018 and 7.2% higher than 2010. In 2019, that was $13.28 trillion. (April 6, 2020). The above 15 economies represent a whopping 75% of total global GDP, which added up to $85.8 trillion in 2018 according to the World Bank. US GDP Growth Rate table by year, historic, and current data. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Washington, DC—The arts and cultural sector contributed $804.2 billion or 4.3 percent to the nation’s gross domestic product (GDP) in 2016.This represents an increase of .1 percent from 2015 when economists reported that the sector added 4.2 percent or $763.6 billion to the U.S. economy. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont. Accessed January 11, 2021. https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/, BEA, and US Department of Commerce. Households, 2015-2019: 120,756,048: Persons per household, 2015-2019: 2.62: Living in same house 1 year ago, percent of persons age 1 year+, 2015-2019: 85.8%: Language other than English spoken at home, percent of persons age 5 years+, 2015-2019: 21.6%: Computer and Internet Use 1920–1939: The Roaring Twenties and the Great Depression. The stimulus package introduced by the Obama administration in 2009 included USD 288 billion in tax cuts and incentives. Directly accessible data for 170 industries from 50 countries Then you can access your favorite statistics via the star in the header. The current base year for GDP calculations is 2012. In addition, there were an average of 12.8 million manufacturing employees in the United States in 2018, with an average annual compensation of $84,832.13 in 2017. B. Agriculture, food, and related industries contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2-percent share. When measured from the income side, the economy grew at a 2.1% rate in the last quarter, rather than the 2.4% pace estimated in November. Please note that OECD reference year from 2010 to 2015 changed on Tuesday 3rd of December, 2019. If the territories are included, the total is 21,845,847 million. The United States remained by far the world's largest spender in 2019 with $732 billion, nearly as … GDP United States third quarter of 2020 GDP rises 2% in United States in third quarter Gross … Manufacturers help to drive the United States economy, with $1,397.03 billion in manufactured goods exports in 2018. % annualized rate, the Commerce Department said in its third estimate of third-quarter GDP data | 2020-2021 |! Table by year, historic, and US Department of Commerce a separate United States production | News ’ farms... 16 years from 1998 to 2014, the US GDP per capita data from 1980 to 2018,... 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