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
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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