What Is Us Gdp 2024. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any. Graph and download economic data for fomc summary of economic projections for the growth rate of real gross domestic product, central tendency, midpoint.
Real gross domestic product increased at an annual rate of 1.6 percent in the first quarter of 2024, according to the “advance” estimate. Receipts from individual income taxes are projected to total $2.4 trillion (or 8.6 percent of gdp) in 2024 and rise to 9.7 percent of gdp by 2034.