The latest 2024 and, where available, 2025 estimates for Gross Domestic Product (GDP)
- Darlena Pagan
- 5 days ago
- 3 min read
WHAT IS THE UNITED STATES, NEW ZEALAND, DENMARK, NORWAY, SWEDEN GROSS DOMESTIC PRODUCT FOR 2024 OR 2025?
United States (2024)
Nominal GDP: Real GDP grew 2.8% in 2024 relative to 2023, as per the U.S. Bureau of Economic Analysis Bureau of Economic Analysis.
Nominal GDP size: Estimated at $28.487 trillion in current-price terms by the end of 2024 World Economics.
Outlook for 2025: Forecasts suggest real GDP growth of about 1.4% in 2025 Deloitte.
New Zealand (2024)
Nominal GDP (World Bank): $260.24 billion (current USD) Trading Economics.
Alternative estimate (Infometrics): GDP was NZD 418,823.8 million (~$261 billion USD) in the year to March 2024 Infometrics.
PPP Estimate (World Economics): Around $289 billion in PPP terms, with a 2025 projection of $294 billion PPP World Economics.
Denmark (2024)
Nominal GDP: Around $424.53 billion (USD) countryeconomy.comTrading Economics.
2025 Forecast: Wikipedia cites $431.23 billion nominal GDP for 2025 Wikipedia.
Norway (2024)
Nominal GDP: Approximately $483.73 billion (USD) Trading Economics.
2025 Estimate: Wikipedia gives a figure of $506.47 billion nominal GDP for 2025 and $597.42 billion PPP for 2025 Wikipedia.
Real GDP Growth: Grew 2.1% in 2024, according to constant-price measures SSBTrading Economics.
Sweden (2024)
Summary Table
Country | 2024 GDP (Nominal, USD) | 2024 GDP (PPP, USD) | 2025 Estimate (Nominal USD / PPP) |
United States | ~$28.49 trillion | — | Growth ≈ 1.4% (real) |
New Zealand | ~$260 billion | ~$289 billion | ~$294 billion PPP |
Denmark | ~$425 billion | — | ~$431 billion |
Norway | ~$484 billion | — | ~$506 billion nominal / ~$597 billion PPP |
Sweden | ~$620 billion | ~$800 billion | Real growth ~1.9% |
Notes & Interpretations
Nominal GDP reflects current USD values; PPP GDP adjusts for purchasing-power differences and can differ significantly (especially for smaller economies).
For the U.S., figures reflect growth rate and level. The ~$28.5 trillion refers to 2024 annual GDP in nominal terms.
For New Zealand, figures vary depending on source. The World Bank's nominal USD figure (~$260 bn) is standard, while the PPP and local-currency estimates provide broader context.
Denmark and Norway figures align closely between World Bank and national data sources.
Sweden’s figures include both nominal and PPP, as well as growth expectations.
📚 References
Bureau of Economic Analysis. (2025, February 28). Gross domestic product, 4th quarter and year 2024 (second estimate). U.S. Department of Commerce. https://www.bea.gov/news/2025/gross-domestic-product-4th-quarter-and-year-2024-second-estimate
Deloitte. (2025, February). United States economic forecast: 1st quarter 2025. Deloitte Insights. https://www.deloitte.com/us/en/insights/topics/economy/us-economic-forecast/united-states-outlook-analysis.html
Infometrics. (2024). New Zealand GDP growth: Year to March 2024. https://rep.infometrics.co.nz/new-zealand/economy/growth
Trading Economics. (2025). New Zealand GDP. https://tradingeconomics.com/new-zealand/gdp
World Economics. (2025). New Zealand GDP data and forecast. https://www.worldeconomics.com/GDP/New%20Zealand.aspx
Trading Economics. (2025). Denmark GDP. https://tradingeconomics.com/denmark/gdp
Wikipedia. (2025). Economy of Denmark. In Wikipedia. https://en.wikipedia.org/wiki/Economy_of_Denmark
Statistics Norway. (2025, February 11). Weak growth in the Norwegian economy in 2024. Statistics Norway (SSB). https://www.ssb.no/en/nasjonalregnskap-og-konjunkturer/nasjonalregnskap/statistikk/nasjonalregnskap/artikler/Weak-growth-in-the-Norwegian-economy-in-2024
Wikipedia. (2025). Economy of Norway. In Wikipedia. https://en.wikipedia.org/wiki/Economy_of_Norway
International Monetary Fund. (2025). Sweden: Country data. IMF DataMapper. https://www.imf.org/external/datamapper/profile/SWE
Wikipedia. (2025). Economy of Sweden. In Wikipedia. https://en.wikipedia.org/wiki/Economy_of_Sweden
Sweden.se. (2025). The Swedish economy. https://sweden.se/work-business/business-in-sweden/the-swedish-economy
✍️Citations
U.S. GDP was approximately $28.5 trillion in 2024 (Bureau of Economic Analysis, 2025).
New Zealand’s GDP reached about $260 billion in 2024 (Trading Economics, 2025; World Economics, 2025).
Denmark’s economy was valued at roughly $425 billion in 2024 (Trading Economics, 2025).
Norway’s GDP in 2024 was $484 billion, with forecasts of $506 billion in 2025 (Statistics Norway, 2025; Wikipedia, 2025).
Sweden’s GDP was $620 billion nominal and $800 billion PPP in 2024 (International Monetary Fund, 2025; Wikipedia, 2025).
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