GDP

Gross domestic product (GDP) is a measurement of the market value of all the final goods and services produced in a specific time period in time. GDP provides a detailed economic look at a country, used to estimate the growth of economy.

Source: bea.gov

Q3 GDP Is Strong but Real Disposable Income Lags Spending Growth

Q3 GDP Is Strong but Real Disposable Income Lags Spending Growth
Q3 GDP Is Strong but Real Disposable Income Lags Spending Growth
November 29, 2023  |  Economy

The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the...

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Summer Spending Surge Fuels 4.9% Jump in GDP
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023  |  Economy

Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy...

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Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
August 03, 2023  |  artificial intelligence

Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? Get the Full Story Complete the form to unlock this article...

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US Personal Income Rises as Consumer Spending Slows
US Personal Income Rises as Consumer Spending Slows
June 30, 2023  |  Consumer Finance

Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock...

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Consumer Sentiment Predicts Prolonged Economic Turbulence
Consumer Sentiment Predicts Prolonged Economic Turbulence
April 30, 2023  |  Consumer Insights

Government data confirms what consumers already know: Market and Main Street stabilization may be further off than previously thought. Get the Full Story Complete the...

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‘Downward Revisions’ to Consumer Spending, Jobless Claims Cloud  Merchants’ Outlook
‘Downward Revisions’ to Consumer Spending, Jobless Claims Cloud Merchants’ Outlook
March 30, 2023  |  Economy

Economic data can be a work in progress — refined, revised and re-presented to better understand where things stand. Get the Full Story Complete the...

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World Bank Says Nations Must Adopt Policies to Boost Growth
World Bank Says Nations Must Adopt Policies to Boost Growth
March 27, 2023  |  Economy

Nations need to make changes to prevent an anticipated slump in global growth. Get the Full Story Complete the form to unlock this article and...

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Retailers Lag Broader Main Street Business Recovery in Q3
Retailers Lag Broader Main Street Business Recovery in Q3
November 15, 2022  |  SMBs

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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GDP Contracts Again, Sparking New Recession Angst
GDP Contracts Again, Sparking New Recession Angst
July 28, 2022  |  Economy

The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the...

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