The real US gross domestic product (GDP) — the value of all goods and services produced in the US, adjusted for inflation to make GDP comparable over time — increased by 1.9% in 2022. In today’s dollars (also known as nominal GDP), the national GDP surpassed $25 trillion for the first time in history.
The real GDP, $21.82 trillion in 2022, has increased by 5.5% since 2019 ($20.69 trillion). But 2022 had a slower annual growth rate than 2021, when the US recorded its highest annual GDP growth rate in 37 years — an increase of 5.8%, from $20.23 trillion in 2020 to $21.41 trillion in 2021.
