Gross Domestic Product (GDP)

Gross Domestic Product shows how much the U.S. economy is growing. GDP represents the market value for all goods and services produced in the United States. Real GDP means the Gross Domestic Product has been adjusted for inflation. It is a good representation for the strength of the economy.

The GDP report is released quarterly. However, data revisions are released each month.

Real Gross Domestic Product (adjusted for inflation)

The graph below shows quarter-to-quarter percentage changes in real GDP using annualized data.

Data Source: Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis
Gross Domestic Product [Series: GDPC1] ; U.S. Department of Labor: Bureau of Labor Statistics;
http://research.stlouisfed.org/fred2/series/GDPC1

The Full GDP Report from the Bureau of Economic Analysis provides more details about this important all-inclusive look at the U.S. economy.


Real GDP — U.S. Recessions

The graph below shows the history of the U.S. Gross Domestic Product. Recessions are highlighted in gray.

Gross Domestic Product, GDP

Data Source: Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis
Gross Domestic Product [Series: GDPC1] ; U.S. Department of Labor: Bureau of Labor Statistics;
http://research.stlouisfed.org/fred2/series/GDPC1

The Full GDP Report from the Bureau of Economic Analysis provides more details about this important all-inclusive look at the U.S. economy.


Report Summary

A brief summary of the most recent GDP Report is shown here. A link to the current report in PDF format is also shown.

Gross Domestic Product

Gross Domestic Product

10/30/2014 - 8:30am

Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2014, according to today’s first, or “advance” estimate.