Gross Domestic Product Per Capita for United States
PCAGDPUSA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,809.90
Year-over-Year Change
65.95%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita is a key economic indicator that measures the total economic output of a country divided by its population. It is a useful metric for assessing a country's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita provides insights into the productivity and income levels of a nation's citizens. It is widely used by economists, policymakers, and international organizations to compare economic performance and living standards across countries.
Methodology
The GDP per capita data is calculated by the World Bank using national accounts data and population figures.
Historical Context
Policymakers and investors closely monitor GDP per capita trends to evaluate a country's economic health and make informed decisions.
Key Facts
- The U.S. GDP per capita was $63,543 in 2021.
- GDP per capita has grown by an average of 2.3% per year over the past decade.
- The U.S. ranks 10th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population, providing insights into the productivity and income levels of a nation's citizens.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric for comparing economic performance and living standards across countries, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The GDP per capita data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP per capita trends to evaluate a country's economic health and make informed decisions regarding economic policies and investments.
Q: Are there update delays or limitations?
A: The GDP per capita data is updated annually by the World Bank, with a potential delay of several months between the end of the reference year and the data release.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for United States
USACP030000CTGYM
Credit to Government and State-Owned Enterprises to GDP for United States
DDEI08USA156NWDB
Constant GDP per capita for the United States
NYGDPPCAPKDUSA
Production: Manufacturing: Total Manufacturing for United States
PRMNTO01USQ657S
Consumer Price Index: All Items: Total for United States
CPALTT01USQ657N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States
USAPROMANQISMEI
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for United States (PCAGDPUSA646NWDB), retrieved from FRED.