United States GDP per Capita: Overview and Outlook
Current GDP per Capita
The United States boasts a formidable GDP per capita of USD 85,000—one of the world's highest figures.
Historical Changes in the United States' GDP per Capita
U.S. GDP per capita has grown consistently since 2000, except for brief downturns during the global financial crisis and the pandemic. The economy has consistently grown more strongly than the G7 average, powered by a dynamic labor market, loose fiscal policy, a dynamic tech sector, robust population growth and a laissez-faire business environment. The period since the COVID-19 pandemic has been one of extraordinary economic strength, with growth topping 2% for four years straight. This, coupled with a strong dollar recently, has caused GDP per capita to surge to a record high.
GDP per Capita Predictions for the Coming Years
Per capita income is projected to continue its relentless upward climb, surpassing USD 100,000 later this decade. Despite Donald Trump's tariff shock, for now the U.S.' multiple economic strengths remain in place, which should continue to ensure robust GDP growth that outpaces the G7 average.
Want to get concrete forecasts for the United States' GDP per capita for the coming years? FocusEconomics collects GDP per capita projections out to 2035 from a panel of 22 analysts at the leading national, regional and global forecast institutions. To get in touch with our team for more information, fill in the form here.
Key Factors to Watch
There are multiple risks that could dampen the currently upbeat GDP outlook. Ongoing tariff hikes could permanently undermine the economy's growth potential. President Trump could undermine legal institutions and regulatory predictability, weighing on growth and the dollar. Scientific funding cuts could gradually weaken the pace of innovation and productivity growth. Further rises in the fiscal deficit could cause investors to lose faith in the dollar, weighing on GDP per capita. And a military conflict with China over Taiwan could have a devastating effect on the economy.
United States GDP Per Capita Chart
Note: This chart displays GDP per capita (USD) for United States from 2014 to 2024.
Source: Macrobond.
United States GDP Per Capita Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 64,454 | 71,232 | 77,801 | 82,254 | 85,812 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American GDP Per Capita projections for the next ten years from a panel of 22 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP Per Capita forecast available for American GDP Per Capita.
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