Understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

Learn the facts about the US economy: both national measures like GDP and inflation and data with personal impact, like wages and housing prices.

Feb 6, 2025 · A Sankey chart illustrates a flow of data from one condition to another, making it a useful way to visualize how revenues flow in and expenses flow out of the nation’s budget. In this case, the blue blocks on the left represent government revenue from sources like taxes and financial earnings, which flow left to right into the $4.9 trillion total federal revenue for fiscal year 2024. On the ...

Feb 21, 2025 · National park visitor spending contributes to local GDP, jobs, and wages.

Jan 13, 2022 · As 2021 ends, the US economy is still feeling the effects of the COVID-19 pandemic. In some ways, the economy looks closer to 2019. The unemployment rate continued to drop. Fewer people reported not having enough food to eat. But people also quit their jobs at historically high rates. And inflation rose faster than it has in decades, making many common items more expensive. Unemployment Last ...

Jun 5, 2024 · The America in Facts 2024 report uses publicly available government data to provide information on the financial position, activities, and progress of the United States.

Feb 19, 2025 · About $262.3 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $262.3 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Feb 19, 2025 · About $1.3 trillion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $1.3 trillion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Feb 19, 2025 · About $677.2 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $677.2 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Feb 4, 2025 · How do tariffs impact prices? In a supply-and-demand economy, when supply of a certain commodity goes down, prices tend to go up, because there is less of the commodity available to meet the demand. Tariffs, like all taxes, drive an economic “wedge” between what an importer pays and what an exporter receives as payment. Tariffs, by design in some cases, lower competition on domestic ...