The gross domestic product (GDP) of a nation is an estimate of the total value of all the goods and services it produces during a specific period, usually a quarter or a year. Its greatest use is as a ...

I sometimes read assertions that the statistical methods used by the Commerce Department to calculate GDP no longer properly capture economic output because they don’t, for example, properly account ...

Here's a striking chart, from a 2014 Journal of Economic Perspectives article 1520464250646 by Brookings Institution economists Martin Neil Baily and Barry P. Bosworth on the state of manufacturing in ...

The nation’s economy grew at a 1.8 percent annual rate in the January-March quarter, a much slower pace than the 3.1 percent rate reported in the previous three months. High gas prices, bad winter ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...

WHEN unveiling Britain's annual budget on March 19th George Osborne, the chancellor of the exchequer, crowed that the British economy was forecast to grow at an annualised rate of 2.7% in the first ...

A great chart is circulating on Twitter from Ian Bremmer that shows which countries have the strongest economies and how big they are. It is from the World Bank's International Comparison Program, ...

Q3 GDP came in at a boomy 4.9%. The primary drivers were inventories and personal consumption, at 1.3% and 2.69%. The inventory rebuild is a volatile component, but the consumption figure is ...