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In 2025, real gross domestic product (GDP) in the United States was about 23.85 trillion U.S. dollars, measured in chained 2017 dollars. That was up from 23.36 trillion U.S. dollars a year earlier, pointing to continued growth after adjusting for inflation. By industry, much of the economy’s value added came from services, including real estate, finance, and professional services. Manufacturing accounted for less than 10 percent of value added.

Real GDP reveals actual output

Real GDP adjusts for inflation to show the value of goods and services produced in a given year, measured in base-year prices. When inflation is high, nominal GDP can overestimate economic growth by rising simply because prices are higher. As price growth has eased from its post-pandemic inflation bump, real GDP has become a clearer guide to underlying output.

State economies help power national growth

The American economy has grown steadily, even as higher prices and interest rates have tested it. Since 2022, annual growth in real GDP has ranged from 2.1 percent to 2.9 percent. Among large global economies, the United States has also maintained relatively solid growth. At the state level, Florida and South Carolina recorded the fastest annual increases in real GDP, with each growing by 3.1 percent. California and Texas, the country’s largest state economies, also grew faster than the national rate.