Gross Domestic Product (GDP): Second Estimate for Q4, 2016
U.S. Gross Domestic Product (GDP) "preliminary" (second estimate) report for the fourth quarter of 2016 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):
Predicted: +2.1%
Actual: +1.9%
The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.) The "predicted" figure is what economists were expecting, while the "actual" is the actual or real figure.
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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."
Predicted: +2.1%
Actual: +1.9%
The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.) The "predicted" figure is what economists were expecting, while the "actual" is the actual or real figure.
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| GDP, Fourth Quarter 2016, Second Estimate |
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- On March 30, 2017, a "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the fourth quarter of 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."
Labels: GDP, gross_domestic_product
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posted by Steve Brown | 2/28/2017 06:35:00 PM
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