Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2015

The U.S. Gross Domestic Product (GDP) "advance" report for the fourth quarter of 2015 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +0.9%
Actual: +0.7%

"...During 2015 (that is, measured from the fourth quarter of 2014 to the fourth quarter of 2015), real GDP increased 1.8 percent, compared with an increase of 2.5 percent during 2014..."

The highlighted figure 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 true or real figure.

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 incomplete or subject to future revision.

• On February 26, 2016, the Commerce Department will release a "preliminary" GDP report for Q4 2015, which will contain more accurate data.
  
  
• On March 25, 2016, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data for Q4 2015.

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