Gross Domestic Product (GDP): Final Estimate for Q4, 2016

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

Predicted: +2.0%
Actual: +2.1%

The yellow-highlighted percentage represents 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 actual or real figure.

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Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $11.2 billion in the fourth quarter of 2016, compared with an increase of $117.8 billion in the third quarter.

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GDP, Fourth Quarter 2016, Final Estimate

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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."

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

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