U.S. Gross Domestic Product

Gross domestic product (GDP), the total market value of all final goods and services produced, is one of the most important and widely-used economic measurements. GDP advance estimate, second estimate and third estimates are released each month by the U.S. Department of Commerce. The advance estimate for 1st quarter 2017 GDP is 0.7%. U.S. GDP currently stands at $19,007.3 billion. The second estimate for Q1-2017 will be released May 26, 2017.

Recent Articles

The U.S. economy barely grew in the first quarter of 2017 as consumer spending, a key driver of economic growth, plunged to its lowest level since 2009.

The world's largest economy grew at a paltry 0.7% for the first three months of 2017, according to the advance estimate of U.S. gross domestic product (GDP) released yesterday by the Commerce Department. 

view

The last full quarter of GDP under President Obama grew 1.9% capping off another sluggish year in the slowest post-recession expansion since World War II.  "American's spoke loudly and clearly..."

U.S. Gross Domestic Product (GDP), the total value of all goods and services produced, increased at an annual rate of 1.9 percent in the fourth quarter of 2016, according to the advance estimate released yesterday by the U.S. Commerce Department.

view

JP Morgan and Macroeconomic Advisors have lowered their growth projections for the United States economy for 2011 to 1.4 and 1.7 percent respectively, according to information recently published in The Wall Street Journal.

In the final quarter of 2010, many popular economists jumped on the growth bandwagon by forecasting that the U.S. economy would grow even more in 2011 than the 2010 annual average of 2.78 percent.  The average growth forecast as documented by CreditPulse was 3.5 percent (see chart below).

view

The U.S. economy grew by a whopping 5.9 percent at the end of 2009 in a volatile turnaround after beginning the year down 6.4 percent. Manufacturing rebounded significantly, but consumer spending remains low. U.S. GDP is $14.46 trillion.

The U.S. gross domestic product (GDP), the total value of all goods and services, reached its highest point in over six years to end 2009 at 5.9 percent, according to the second GDP quarterly estimate released earlier today by the U.S. Commerce Department.

view

The United States gross domestic product (GDP) declined for the third straight quarter for the first time since 1974-75.  U.S. GDP has declined 12.9 percent since the third quarter of 2008.

Real gross domestic product decreased at an annual rate of 6.1 percent in the first quarter of 2009, according to the advance estimate released earlier today by the U.S. Commerce Department.  GDP is the measure of all goods and services produced by labor and property located in the United States. 

view