GDP Growth
Are the US and euro area economies growing?
How much more each economy produced than a year earlier, after taking out price rises.
Yearly growth in the US and euro area economies
Each quarter compared with the same quarter a year earlier. A falling line above zero still means growth, only slower. Below zero, the economy produced less. Bitcoin’s average price each quarter is the white line, with its prices on the far right.
Right now
After taking out price rises, the US economy produced 2.1% more than a year earlier.
All figures for the third quarter of 2026.
Euro area economy
Up 1.3% in a year
This is a measure of the wider economy. It does not say where Bitcoin will move.
Understanding
GDP Growth
After taking out price rises, the US economy produced 2.1% more than a year earlier as of .
After taking out price rises, the euro area economy produced 1.3% more than a year earlier as of .
What is GDP?
Gross domestic product, or GDP, adds up the value of all the goods and services an economy produces. When it grows, the economy is producing more. A figure below zero here means it produced less than a year earlier. The euro area is the group of European countries that use the euro.
Why take out price rises?
If prices rise 3% and output is worth 3% more, nothing extra was made. Taking out the price rises shows how much more the economy actually produced.
Why do people look at it next to Bitcoin?
Growth shapes jobs, pay and how much people have left to save or invest, which is why it is watched beside prices like Bitcoin’s. The link is loose, and one quarter’s figure says little on its own.
How is it worked out?
Each point compares three months with the same three months one year earlier, after taking out price rises. Maketo works out the US figure from the Bureau of Economic Analysis’s quarterly output totals. The euro area figure is Eurostat’s published rate. The US growth figure in the news is different: it compares a quarter with the one before and scales that up to a yearly pace, so it will not match the number here.
What does it not tell you?
It shows how much more was produced, not who gained from it. The figures are also revised later as more information comes in. It does not say where Bitcoin will move.
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Source: Maketo, U.S. Bureau of Economic Analysis, Eurostat. This product uses the Bureau of Economic Analysis (BEA) Data API but is not endorsed or certified by BEA.