Show me the data of US GDP in recent 10 years
9/6/2024 10:58am
The data of US GDP in the past ten years shows a general upward trend with some fluctuations. Here's a detailed analysis:
1. **Growth Trend**: The US GDP has consistently grown from $17.608 trillion in 2014 to $27.36 trillion by December 31, 2023. This indicates a general upward trajectory in the country's economic output over the past decade.
2. **Fluctuations**: Despite the overall upward trend, there have been slight fluctuations in the GDP values over the years. For instance, there was a dip in 2020, which is likely attributable to the economic impact of the COVID-19 pandemic. However, the economy has shown resilience and the ability to recover from such setbacks.
3. **Significance**: The significant increase in GDP from 2014 to 2023 reflects the country's strong economic performance during this period. The data suggests that the US economy has been able to adapt to various challenges and maintain a generally positive growth trajectory.