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Economic Data (USA)

Thursday, September 29, 2016

Gross Domestic Product (GDP) Final Estimate Released Today for Q2, 2016

The final estimate for second quarter, 2016 U.S. Gross Domestic Product (GDP) was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.3%
Actual: +1.4%

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.

GDP, Final Estimate, Q2 2016
GDP, Final Estimate, Q2 2016

Today's final GDP estimate contains the most authoritative data for Q2, 2016.

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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