Nominal GDP for the United States was $29,298bn in 2024, up from $27,812bn in 2023. The United States population was estimated at 345.4m in 2024 according to the IMF, while Mexico is the United States’ biggest trading partner.
Variables Surveyed for the United States
Variables covered in our monthly analysis of the United States include:
- Gross Domestic Product
- Private Consumption
- Gross Fixed Investment
- Pre-tax Corporate Profits
- Industrial Production
- Consumer Prices (CPI)
- Core PCE Prices
- Producer Prices
- Employment Costs
- Auto & Light Truck Sales
- Housing Starts
- Unemployment Rate
- Current Account
- Federal Budget Balance
- Interest rates
- Monetary Policy Evaluation
- Dollar Currency Forecasts
Consensus Forecasts for the United States
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Congressional Budget Office (CBO), IMF and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Consensus Forecasts – G-7 and Western Europe, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for the United States on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Trends in Productivity and Wages
- Corporate Profits and Real Interest Rates
- Forecast Probabilities
Main Data Sources for the United States
- U.S. Bureau of Labor Statistics: The Bureau of Labor Statistics measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making.
- U.S. Bureau of Economic Analysis (BEA): The Bureau of Economic Analysis (BEA) promotes a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic accounts data in an objective and cost-effective manner.
- The Federal Reserve: The Federal Reserve System is the central bank of the United States.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across G7 & Western Europe
Alongside this country forecast, explore the other economies covered by our G7 & Western Europe forecast publication.