U.S. GDP
U.S. Gross Domestic Product (GDP), measured quarterly by the Bureau of Economic Analysis, represents the total market value of all final goods and services produced within the country. This comprehensive economic metric encompasses consumer spending (68% of GDP), private investment (17%), government expenditures (18%), and net exports (-3%). The data includes detailed breakdowns by industry sector: services (77%), goods-producing industries (22%), and agriculture (1%). Three calculation approaches (expenditure, income, and production) provide cross-validation and detailed insights into economic activity. Real GDP adjustments use chain-weighted price indices to account for inflation, enabling accurate historical comparisons. Growth patterns show significant seasonal variation, with quarterly data annualized for trending. Regional analysis reveals state-level contributions, metropolitan area concentrations, and industry cluster impacts. This fundamental indicator guides monetary policy, fiscal planning, and investment decisions, with particular attention to potential GDP estimates and output gap measurements for policy calibration.
$29,719,647,000,000
in Oct 2024
Source: US Bureau of Economic Analysis
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