How do you get from Nominal GDP to Real GDP? The Bureau of Economic Analysis (BEA) uses its own GDP Deflator for this purpose. In a recent commentary Rick Davis, the founder of Consumer Metrics ...

In 2025, the U.S. leads in real GDP with $23.83 trillion, approximately 23% lower than its nominal GDP of $30 trillion. Since 2024, its real GDP has grown modestly by 2.02%, up from $23.36 trillion.

Real gross domestic product increased at an annual rate of 3.1% in Q3 2024, according to the third estimate. The latest estimate is above the forecasted 2.8% growth and is below the Q2 2024 GDP final ...