US GDP — Historical Chart
GDPNominal GDP — the total value of all U.S. goods and services. Two consecutive quarters of negative real GDP growth define a recession. Released quarterly, typically 3–4 weeks after the quarter ends.
Related — Economic Output & Business Activity
SOURCE: FEDERAL RESERVE ECONOMIC DATA (FRED) · 0 OBSERVATIONS
US Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within the US economy in a given quarter. It is the broadest measure of economic output and the primary indicator of recession (two consecutive quarters of negative real GDP growth).
Related Economic Indicators
Frequently Asked Questions
- What is GDP?
- GDP (Gross Domestic Product) measures the total economic output of a country — the market value of all final goods and services produced within its borders in a specific time period. US GDP is reported quarterly by the Bureau of Economic Analysis (BEA).
- What is the difference between nominal GDP and real GDP?
- Nominal GDP is measured in current prices. Real GDP adjusts for inflation using a price deflator, making it a better measure of actual economic growth over time. When economists say "GDP grew 2.5%", they typically mean real GDP.
- What defines a recession?
- The informal definition is two consecutive quarters of negative real GDP growth. The official definition, determined by the NBER Business Cycle Dating Committee, also considers factors like employment, income, and industrial production — making it possible to declare recessions without two negative quarters.
- How does GDP affect stocks?
- Strong GDP growth generally supports corporate earnings and equity prices. Weak or negative GDP creates headwinds for earnings and can trigger rate cuts, which support valuations. The stock market often leads GDP by 6–12 months, as equities are forward-looking.
Economic data sourced from the Federal Reserve Bank of St. Louis (FRED). Data is updated according to the release schedule of the issuing agency. Provided for informational purposes only and does not constitute investment advice.