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Real GDP per Capita

National output per person, inflation-adjusted.

$70,502
Chained 2017 dollars · latest, Jan 2026
vs prior quarter ▲ 0.4%
vs year ago ▲ 2.2%
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$20K$30K$40K$50K$60K$70K19501960197019801990200020102020$70,502

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Source: FRED · A939RX0Q048SBEA · series · Jan 1947 to Jan 2026 · latest-revised

Reading it. Output per person, inflation-adjusted, so it is comparable across decades. A per-person average; it says nothing about how that output is distributed.

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 or policy up with a move on this chart is not evidence that it caused the move.

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