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Economic Data (USA)

Tuesday, June 28, 2016

Gross Domestic Product (GDP) "Final" Released Today for Q1, 2016

U.S. Gross Domestic Product (GDP) "final" numbers for the first quarter of 2016 were released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.0%
Actual: +1.1%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Today's final GDP report contains the most authoritative data for Q1, 2016.

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.

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