United States GDP climbs to $29.2 trillion
Output grew 5.3 percent in 2024, the strongest run since the post-pandemic rebound, and the gap to China widened for a third straight year.
The print
In current dollars, American output is still running ahead of its pre-2020 trend. The 2024 print puts nominal GDP at $29.2 trillion, up 5.3 percent on the year, with services consumption and federal investment doing most of the lifting.
The China gap
The more striking story is relative. China's nominal GDP has been flat-to-down in dollar terms since 2021, a currency story as much as a growth story, and the US-China gap widened to $10.2 trillion, the largest since 2007.
What to watch
Two things decide whether the gap keeps widening: the dollar-yuan rate, and whether US services demand cools as the labor market loosens. The quarterly updates land in this statistic automatically; the chart above stays current with the World Bank's releases.
Kitegraph Insights (2026). United States GDP climbs to $29.2 trillion. kitegraph.com/insights/us-gdp-29-trillion. Data: World Bank.