US GDP history · 2014
US GDP in 2014
In 2014, the US economy was worth about $17.55T and real output grew 2.52% — the 43rd-fastest of the 65 years on record. Here's where that sits in 66 years of data, the story behind it, how big the economy was versus the $30.77T of 2025, and how it compares.
- 2014 GDP $17.55T nominal output
- Real growth 2.52% year over year
- GDP per capita $54,973 output per person
- vs today $30.77T in 2025
The economy in 2014
In 2014, the economy grew 2.52% in real terms, leaving total output at about $17.55T. That made it the 43rd-fastest of the 65 years on record, and below the long-run average of 3%. The economy has grown to $30.77T by 2025 — roughly 1.8× its 2014 size in nominal terms. Spread across the population, output worked out to about $54,973 per person, against $90,027 today.
What happened in 2014
The economy grew steadily in the middle of the long post-crisis expansion, with hiring strong and oil prices falling late in the year.
Real GDP the economy grew 2.52% in 2014, up from 2.12% in 2013. That made it the 43rd-fastest of the 65 years on record — a year of expansion — and below the long-run average of 3%.
How 2014 compared
Across the full 1960–2025 record, real growth has averaged about 3%, so 2014 ran below that long-run norm. Within the 2010s, growth averaged roughly 2.4%, and 2014 sat above its own decade. Five years earlier, in 2009, the economy grew -2.58%. The following year, 2015, growth accelerated to 2.95%.
Output and jobs move together: when GDP stalls, recessions show up in jobs too. See what unemployment did in 2014 for the labor-market side of the same story.
This is one year out of the whole story. For the complete history — every year since 1960, the fastest year and the deepest contraction, the decade-by-decade view, and what drives growth over time — see historical US GDP, 1960–today.
US GDP in 2014 — FAQ
What was US GDP in 2014?
US nominal GDP was about $17.55T in 2014 ($17,550,680,174,000). Real output the economy grew 2.52% over the year, and GDP per capita was about $54,973.
Did the US economy grow or shrink in 2014?
It grew: real GDP rose 2.52% in 2014 — the 43rd-fastest of the 65 years on record, below the long-run average of 3%. That was up 0.40 points from 2.12% the year before.
What was US GDP per capita in 2014?
GDP per capita — total output divided by population — was about $54,973 in 2014, versus $90,027 in 2025.
How does 2014 GDP compare to today?
The US economy was worth about $17.55T in 2014, against $30.77T in 2025 — roughly 1.8× larger today in nominal terms.
Why did the economy grew the way it did in 2014?
The economy grew steadily in the middle of the long post-crisis expansion, with hiring strong and oil prices falling late in the year.
Data: World Bank, World Development Indicators, via APIVerve. Our tables, charts and text are licensed CC BY-NC 4.0: share and adapt them for non-commercial use as long as you credit us. For commercial use or bulk data, use the APIVerve API. See the data terms. Cite as: Digest Your Finances, “US GDP by Year”, https://digestyourfinances.com/studies/historical-us-gdp/2014/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
