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

Statement from U.S. Commerce Secretary Gary Locke on April 2011 U.S. Internation

WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the April 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in April 2011 increased 1.3 percent from March 2011 to a record $175.6 billion, with record exports of both goods ($126.4 billion) and services ($49.1 billion). The monthly export values for U.S. industrial supplies ($43.4 billion) and capital goods ($41.0 billion) was also the highest on record. U.S. imports of goods and services decreased 0.4 percent over this period to $219.2 billion, causing the U.S. trade deficit to decline 6.7 percent below March figures to $43.7 billion in April.

“Over the past six months, the economy has added more than a million private-sector jobs, and exports – boosted by the President's National Export Initiative – are helping us do that. Yesterday, President Obama announced several new commitments that will help 500,000 young Americans get the credentials they need to succeed in the manufacturing industry. Preparing Americans for good-paying jobs in the manufacturing sector will not only strengthen the economy and put people back to work, but will help us compete in today’s 21st century global economy.

“April is the second consecutive month of record export growth, and while there may be bumps on the road to recovery, this administration is making our economy more competitive by fostering new jobs in new industries, and helping to educate and train workers to fill them.”