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Economy

Economic Data (USA)

Friday, April 27, 2018

Gross Domestic Product (GDP): First Estimate for Q1, 2018

The U.S. Real Gross Domestic Product (GDP) "Advance" (first estimate) report for the first quarter of 2018 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.0%
Actual: +2.3%

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) - Q1 2018 - First Estimate
Gross Domestic Product (GDP) - Q1 2018 - First Estimate

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  • On May 30, 2018, the Commerce Department will release a "preliminary" GDP report for Q1 2018, which will contain a second estimate (more accurate data.)

  • On June 28, 2018, a "final" GDP report will be released by the BEA, which will contain the government's third and best estimate for Q1 2018.

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