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Real GDP

The size of the US economy, inflation-adjusted.

Real GDP
$24.3T
Billions of chained 2017 dollars · latest, Apr 2026
vs prior quarter▲ 0.4%
vs year ago▲ 2.1%
1948-49 Recession · Nov 1948 – Oct 19491953-54 Recession · Jul 1953 – May 19541957-58 Recession · Aug 1957 – Apr 19581960-61 Recession · Apr 1960 – Feb 19611969-70 Recession · Dec 1969 – Nov 19701973-75 Recession · Nov 1973 – Mar 19751980 Recession · Jan 1980 – Jul 19801981-82 Recession · Jul 1981 – Nov 19821990-91 Recession · Jul 1990 – Mar 19912001 Recession · Mar 2001 – Nov 2001Global Financial Crisis · Dec 2007 – Jun 2009COVID-19 Recession · Feb 2020 – Apr 2020$5T$10T$15T$20T19501960197019801990200020102020$24.3T
Real GDP — one value per year; US recessions are shaded on the chart.
YearReal GDP
1947$2.2T
1948$2.3T
1949$2.3T
1950$2.6T
1951$2.7T
1952$2.8T
1953$2.9T
1954$2.9T
1955$3.1T
1956$3.2T
1957$3.2T
1958$3.3T
1959$3.4T
1960$3.5T
1961$3.7T
1962$3.9T
1963$4.1T
1964$4.3T
1965$4.6T
1966$4.8T
1967$5.0T
1968$5.2T
1969$5.3T
1970$5.3T
1971$5.5T
1972$5.9T
1973$6.2T
1974$6.0T
1975$6.2T
1976$6.5T
1977$6.8T
1978$7.2T
1979$7.3T
1980$7.3T
1981$7.4T
1982$7.3T
1983$7.9T
1984$8.3T
1985$8.7T
1986$8.9T
1987$9.3T
1988$9.7T
1989$9.9T
1990$10.0T
1991$10.1T
1992$10.6T
1993$10.8T
1994$11.3T
1995$11.5T
1996$12.0T
1997$12.6T
1998$13.2T
1999$13.8T
2000$14.2T
2001$14.3T
2002$14.5T
2003$15.2T
2004$15.7T
2005$16.1T
2006$16.6T
2007$16.9T
2008$16.5T
2009$16.5T
2010$17.0T
2011$17.2T
2012$17.5T
2013$18.0T
2014$18.5T
2015$18.9T
2016$19.3T
2017$19.9T
2018$20.3T
2019$21.0T
2020$20.8T
2021$22.0T
2022$22.3T
2023$23.0T
2024$23.6T
2025$24.1T
2026$24.3T

Hover the line to read any month. Drag across the chart to zoom; double-click to reset.

Source: FRED · GDPC1 · series · Jan 1947 to Apr 2026 · latest-revised

Refreshed Jul 31, 2026 from FRED.

The size of the US economy, inflation-adjusted.

Real Gross Domestic Product, seasonally adjusted annual rate.

Source: FRED · Apr 2026 · Full lesson → Learn

About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.

As first reported

The first published figure is an early estimate. Later releases revise it. Here is each recent reading as first reported, next to the latest revised value.

PeriodFirst reportedLatest revisedRevision
Jan 2026$24.2T$24.2T+0.0%
Oct 2025$24.1T$24.1T-0.2%
Jul 2025$24.0T$24.0T+0.0%
Apr 2025$23.7T$23.8T+0.4%
Jan 2025$23.5T$23.5T+0.1%
Oct 2024$23.5T$23.6T+0.2%

First-release values from ALFRED, FRED’s vintage archive.

Read across

No single number is the economy. These measure nearby parts of it — add one to compare, or open it on its own.

  • Real GDP per Capita The same output split across the population, so a bigger headcount does not flatter the total.
  • Labor Productivity Output per hour worked, a long-run measure of living standards.
  • Real Wage Growth (YoY) Whether the typical paycheck is keeping pace, which the headline total does not show.