All of this matters even more during periods of shifting global supply chains amid an active trade war and negotiations.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought ...

The calculation of GDP, real and nominal, is hinged on what is referred to as the base year. That is the year that prices are adopted to calculate the GDP figures in subsequent years.

GDP is a controversial metric. Heterodox economists have long criticized politicians’ maniacal obsession with GDP growth, pointing to its relatively recent creation as a measure of national ...

The U.S. economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. The news comes days before a presidential election in which the economy has been top of mind ...

Granted, these factors can help determine GDP, but they can also be looked at separately. "There is no fixed rule about what measures contribute information to the process or how they are weighted ...

California has the No. 4 economy in the world, biggest state GDP in US. WalletHub ranked the best states for health, business ...

Just 10 days ago, anxious markets were freaking out about the US economy, convinced that the recession we’ve avoided for three years was finally happening. It appears to have be a wild ...

Estimating the GDP of this entire economy — which now stands just shy of $29.2 trillion — is a work in progress. ... it looked like 2025 was also going to be all about a gradual slowdown.