GrowthBureau of Economic AnalysisQuarterly
Gross Domestic Product (GDP)
What is Gross Domestic Product (GDP)?
Total market value of all finished goods and services produced within a country.
Why it matters
The broadest measure of economic output.
How to read prints
When it rises
Growth accelerating.
When it falls
Growth slowing; recession risk rising if sustained.
Frequently asked
What is GDP?⌄
Gross Domestic Product is the total dollar value of all final goods and services produced in the U.S. economy. Reported quarterly at seasonally adjusted annual rates (SAAR).
What is the difference between Real and Nominal GDP?⌄
Nominal GDP is in current dollars. Real GDP is inflation-adjusted. The GDP Deflator bridges the two.
What are the three GDP estimates?⌄
Advance (one month after quarter-end), Second (two months after), and Third (three months after). The Advance is usually the market-moving release.
What is GDPNow?⌄
The Atlanta Fed real-time GDP nowcast model that updates as the underlying source data is released. Useful for tracking the consensus before the official print.
Track it on Market Ontology
Monitor Gross Domestic Product (GDP) in real time on Growth & Real Economy, alongside regime classification, transmission mapping, and cross-asset context.
| Source | Bureau of Economic Analysis |
| Frequency | Quarterly |
| Category | Growth |
| FRED Series | GDP |
| Unit | % |
| Related Module | Growth & Real Economy |
Related indicators
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