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

Data May Show US Economy Shrank for Second Straight Quarter

Data May Show US Economy Shrank for Second Straight Quarter
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022  |  Economy

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in...

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New Data Shows Main Street Businesses Rebuilding for Post-Pandemic Economy
New Data Shows Main Street Businesses Rebuilding for Post-Pandemic Economy
April 21, 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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Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
August 25, 2021  |  Economy

The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter...

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Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7 Billion In Crypto Revenue
Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7...
February 24, 2021  |  News

In today’s top news, Advance America is teaming with Western Union to offer its payment solutions, and Square generated $1.7 billion in revenue from cryptocurrency...

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Deutsche Bank Economists Predict US GDP To Rise 7.5 Percent In 2021
Deutsche Bank Economists Predict US GDP To Rise 7.5 Percent In 2021
February 24, 2021  |  Economy

The 2021-22 forecast for the U.S. GDP was revised upward by Deutsche Bank economists on expectations that the proposed $1.9 trillion pandemic stimulus package will...

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UK’s 2020 Economy Worst In 300 Years
UK’s 2020 Economy Worst In 300 Years
February 12, 2021  |  Economy

The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in...

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US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
January 28, 2021  |  Economy

Gross domestic product (GDP) went up 4 percent in the fourth quarter of 2020, slightly below economists’ forecasts of 4.3 percent, according to a report...

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Five Ways The Connected Economy And Big Tech Helped U.S. GDP Recover
Five Ways The Connected Economy And Big Tech Helped U.S. GDP Recover
December 22, 2020  |  Economy

Commerce Department figures out Tuesday (Dec. 22) showed that the U.S. economy snapped back at a 33.4 percent annual rate during the third quarter following the...

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France Leads Eurozone’s Rising GDP As New Lockdowns Loom
France Leads Eurozone’s Rising GDP As New Lockdowns Loom
October 30, 2020  |  International

Against a backdrop of surging coronavirus cases, the Eurozone is reporting a rebounding economy, with a 12.7 percent hike in third-quarter gross domestic product (GDP),...

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