GDPC1
Real Gross Domestic Product — the broadest measure of economic output
Latest value
24174.5270
as of 2026-01-01
All-time percentile
100th
1-year change
+2.7%
Time series
Showing 19 of 19 data points
About this series
Real (inflation-adjusted) US Gross Domestic Product, in chained 2017 dollars. Published quarterly by the BEA. The broadest single measure of US economic output.
Why it matters: When people say "the US economy grew 2% last quarter," they mean real GDP. It's the denominator for most per-capita economic measures and a key input into stock valuation models (long-run earnings growth ≈ nominal GDP growth).
How to read it: This series is the level in billions of chained 2017 dollars. For growth rate, compute the quarter-over-quarter annualized change: that's the headline number. Normal trend growth is ~2%; above 3% is hot; negative for two quarters has historically defined recession (though the NBER uses a broader set of indicators).
Caveats: GDP is heavily revised — initial "advance" estimates can change by a full percentage point or more in subsequent releases. Quarterly data is slow; by the time you see Q1 GDP, half of Q2 is over.