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Gross domestic product (GDP)

Produced by the Bureau of Economic Analysis, Gross Domestic Product (GDP) data is ranked as one of the three most influential economic measures that affect U.S. financial markets. GDP is the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment.

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Real GDP Increases in 49 States and District of Columbia

Blog
The following is a cross-post from the Bureau of Economic Analysis Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware. Wholesale trade, mining, and information services were the leading contributors to the increase in...

GDP Increases in First Quarter

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Real gross domestic product increased 3.2 percent in the first quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent. GDP Highlights The increase in real GDP reflected increases in consumer spending, inventory investment, exports, government spending, and business investment that were partly...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q1 2019 GDP Growth

Press releases
WASHINGTON – Today, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) released the first quarter 2019 Gross Domestic Product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 3.2 percent in the first quarter of 2019. “This blockbuster GDP report shows that President Donald J. Trump’s policies are unleashing the vitality of the...

U.S. Economic Growth Reached 3.1 Percent Growth In 2018

Blog
No economic analysis can be considered complete without appreciation for the many different estimates and assessments that go into evaluating our country’s economy. The Department of Commerce provides many of the economic indicators that business, government and Americans of all stripes rely on, including our regular estimates of U.S. GDP growth. During 2018, real GDP grew 3.1 percent, the fastest...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q4 and Annual 2018 GDP: Economy Grows 2.9% in 2018

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the fourth quarter and annual gross domestic product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter and 2.9 percent for all of 2018. “President Donald Trump has unleashed American growth at a pace the experts thought was not possible,...

BEA Releases First County GDP Numbers

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Real gross domestic product increased in 1,931 of the nation’s counties and decreased in 1,159 counties in 2015, according to prototype statistics from the U.S. Bureau of Economic Analysis. The inflation-adjusted data show GDP unchanged in 23 counties. These prototype county GDP statistics , for the years 2012-2015, represent another step forward in meeting BEA’s long-standing goal of providing a...

Real Gross Domestic Product (GDP) Increases in all 50 States in 2nd Quarter of 2018

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 6.0 percent in Texas to 2.5 percent in Delaware. Information...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q2 2018: U.S. Economy Tops 4% GDP Growth in Second Quarter

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the second quarter Gross Domestic Product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 4.1% in the second quarter of 2018. U.S. Secretary of Commerce Wilbur Ross issued the following statement on the announcement: “Today’s release of the United States’ GDP growth of...

Bureau of Economic Analysis Releases for the First Time Prototype Statistics Measuring the Economic Effects of Outdoor Recreation

Blog
Americans who hit the trails to ski, bike or hike aren’t just working up a sweat; they’re also generating economic activity. Outdoor recreation accounted for 2.0 percent of the U.S. economy, or $373.7 billion, in 2016, according to prototype statistics for the Bureau of Economic Analysis’ newest special account. The outdoor recreation economy grew 3.8 percent in 2016, compared with the overall U.S...

Positive Economic Growth Continues, Unemployment Rate Lowest in 17 Years

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Today, the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) announced that 228,000 jobs were added to the American economy in November, and 1.7 million jobs have been added since January of this year. This marks a 17-year low for unemployment at 4.1%. In addition, the unemployment rate in manufacturing dropped to 2.6% – the lowest rate recorded since BLS began measuring it in 2000. Last...