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Nominal GDP. The nominal GDP is the value of all the final goods and services that an economy produced during a given year. It is calculated by using the prices that are current in the year in which the output is produced . In economics, a nominal value is expressed in monetary terms. For example, a nominal value can change due to shifts in quantity and price. The nominal GDP takes into account all of the changes that occurred for all goods and services produced during a given year.
United States GDP 1960-2017 | Data | Chart | Calendar | Forecast | News. The Gross Domestic Product (GDP) in the United States was worth 18569.10 billion US dollars in 2016. The GDP value of the United States represents 29.95 percent of the world economy. GDP in the United States averaged 6770.94 USD Billion from 1960 until 2016, reaching an all time high of 18569.10 USD Billion in 2016 and a record low of 543.30 USD Billion in 1960. 1  Historical. 2  Forecast. 3  Alerts. 4  Data. 5  API.