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Economy

Economic Data (USA)

Friday, January 26, 2018

Gross Domestic Product (GDP): First Estimate for Q4, 2017

The U.S. Real Gross Domestic Product (GDP) "Advance" (first estimate) report for the fourth quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.9%
Actual: +2.6%

The yellow-highlighted figure represents the quarter-to-quarter change in real gross domestic product for the entire United States.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimate is based on data that are subject to future revision.

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Gross Domestic Product (GDP) - Q4 2017 - First Estimate
Gross Domestic Product (GDP) - Q4 2017 - First Estimate

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From Today's Report:

"...Real GDP increased 2.3 percent in 2017 (that is, from the 2016 annual level to the 2017 annual level), compared with an increase of 1.5 percent in 2016..."

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  • On February 28, 2018, the Commerce Department will release a "preliminary" GDP report for Q4 2017, which will contain a second estimate (more accurate data.)

  • On March 28, 2018, a "final" GDP report will be released by the BEA, which will contain the government's third and best estimate for Q4 2017.

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