GDP

Gross Domestic Product (GDP) measures the total value of goods and services produced in the United States. It is the broadest measure of economic activity and the most commonly cited indicator of whether the economy is growing or shrinking. GDP data is released quarterly by the Bureau of Economic Analysis. Currently, key indicators in this category include GDP Growth Rate at 0.70%, Gross Domestic Product at $31,442.5B, Real GDP at $24,066B. (Source: FRED)

Key Relationships

Nominal GDP measures output in current dollars, while real GDP adjusts for inflation. The GDP growth rate (annualized quarterly change) is the most cited figure. Together, these measures reveal whether the economy is expanding in real terms. (Source: BEA via FRED)

How This Category Connects to Others

GDP growth reflects the combined activity of all other categories. Strong Consumer spending (roughly 70% of GDP) is the largest contributor. Business investment, government spending, and Trade (net exports) make up the rest. Employment conditions affect GDP through labor productivity, while Interest Rates influence business investment and housing activity, both GDP components. (Source: FRED)