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Economic Data (USA)

Friday, December 20, 2013

Gross Domestic Product (GDP) "Third Estimate" Released Today for Q3, 2013

The third estimate of real U.S. Gross Domestic Product (GDP) report for the third quarter of 2013 was released this morning:

Predicted: +3.6%
Actual: +4.1%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what Wall Street forecasters were expecting, while the "actual" is the  real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

Today's GDP "third estimate" report contains the most authoritative data for the third quarter of 2013.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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