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Economy

Economic Data (USA)

Wednesday, March 28, 2018

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

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

Predicted: +2.7%
Actual: +2.9%

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) decreased $1.1 billion in the fourth quarter, in contrast to an increase of
$90.2 billion in the third quarter.

Profits of domestic financial corporations decreased $14.6 billion in the fourth quarter, in contrast to
an increase of $47.8 billion in the third. Profits of domestic nonfinancial corporations increased $19.4
billion, compared with an increase of $10.4 billion. Rest-of-the-world  profits decreased $5.9 billion, in contrast to an increase of $32.0 billion. In the fourth quarter, receipts increased $14.9 billion, and
payments increased $20.8 billion.

In 2017, profits from current production increased $91.2 billion, in contrast to a decrease of $44.0
billion in 2016. Profits of domestic financial corporations increased $15.7 billion, in contrast to a
decrease of $2.0 billion. Profits of domestic nonfinancial corporations increased $37.4 billion, in contrast to a decrease of $51.7 billion. The rest-of-the-world component of profits increased $38.0 billion, compared with an increase of $9.8 billion..

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GDP, Fourth Quarter 2017, Final Estimate
GDP, Fourth Quarter 2017, 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."



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