US Nominal GDP 6-26-24

US Nominal GDP Growth is Declining in 2024. 

United States Nominal GDP Growth was reported at 5.379 % in Mar 2024. This records a decrease from the previous number of 5.864 % for Dec 2023. US Nominal GDP Growth data is updated quarterly, averaging 6.149 % from Mar 1948 to Mar 2024, with 305 observations.

   2024                                Q1 

Nominal GDP                  $28,255,928 Private Consumption      $19,164,218 Fixed Investment              $4,074.510 Govt Consumption           $3,899,938 If Nominal GDP remains at Q1 levels, then the estimated Nominal GDP for 2024 would be $113,023,712. Private consumption would be $76,656,872 Fixed Investment would be $16,298,040 Government Consumption would be 15,599,752 https://www.google.com/search?q=us+nominal+gdp+by+year+2016+to+present&oq=us+no Comments The US Nominal GDP is showing signs of private consumption weakening due to high inflation. Norb Leahy, Dunwoody GA Tea Party Leader