GDP

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.

Commerce Secretary Howard Lutnick says government spending might no longer count towards GDP.

While inflation and a softening labor market have forced lower-income Americans to focus on necessities, high earners are still splurging.

One economist called these numbers “a perfect report for the Fed.”

Of the $61 billion earmarked for Ukraine, 64% would flow back to US defense contractors that make the weapons.

An official website of the State of Maryland.

Gross domestic product is the most popular economic health indicator, but some organizations and agencies also look to measures that weigh factors like residents’ health and education.

While the Gross Domestic Product is our main measure of our well-being, we can ask if a GDP alternatives would do a better job.

Services-producing industries account for the majority of U.S. GDP in 2023, followed by other private industries and the government.

How does each state contribute to America's overall GDP? This visualization breaks down the U.S. economy by state.

Where are you headed this summer? Check out this graph on the impact of travel and tourism on GDP across the world! #TeachEcon pic.twitter.com/YX7krjsC4p— NAEEnet (@NAEEnet) May 31, 2023

Worksheet – GDP Related news articles: Consumption, the biggest component of US GDP, looks fragile (Fxcm.com, April 2023) and Americans are flocking to movie theaters. Could it be a recession warning? (Quartz, April 21, 2023) Summary: This worksheet could be used for in-class or homework practice...

U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy's health has emerged as a paramount issue.

Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that an economic downturn is coming for the United States in early 2023. That's why it's so surprising that the US economy is expected to show robust growth in Thursday's third-quarter GDP report.

U.S. retail sales were unexpectedly flat in September as households cut back on purchases of motor vehicles and other big-ticket items like electronics and appliances amid stubbornly high inflation and rapidly rising interest rates.

Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.

Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.

Despite ripple effects from conflict and inflation, global growth continues. According to the IMF, the global GDP will hit $104 trillion by end of year.

While there's a risk of recession for 2023, any decline should be mild and short-lived.

Which countries have the lowest GDP per capita? This map looks at the 25 poorest countries in the world in terms of GDP per capita.

Provides a "nowcast" of the official GDP growth estimate prior to its first release.

Over the next decade, China is expected to surpass the U.S. in economic power, and India is primed to become the world's third-largest economy.

How have the world's largest economies changed over time? These graphics show countries sized by their GDP, as a share of the global total.

Global GDP growth is forecast to drop from 6.1% in 2021 to 3.6% in 2022. This map shows economic predictions for 2022 and beyond by country.

The Bureau of Economic Analysis released their quarterly gross domestic product report this week. It showed GDP shrank at an annualized rate of 1.4%. Not good. But there's a mix of stories in the details. We explain with the help of a bit of music.