Please see our, EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, Thursday, January 27, 2022, The increase in fourth quarter GDP reflected the continued economic impact of the COVID-19 pandemic. Most of the weakness in the broader economy occurred in the first half of 2022, when real GDP declined at annual rates of 1.6% and 0.6% in the first and second quarters, respectively. Releases from University of Groningen, More Gross Domestic Product. Real values are inflation-adjusted estimatesthat is, estimates that exclude the effects of price changes. U.S. Bureau of Economic Analysis, Release: Also referred to as "nominal estimates" or as "current-price estimates.". FRED - (Gross Domestic Product/Real Gross Domestic Product)*100 Gross Domestic Product: Implicit Price Deflator Gross Domestic Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. In practice, GDP and GDI differ because they are constructed using largely independent source data. Download, graph, and track, Federal Reserve Bank of St. Louis, This can help present areas of opportunity or signal warning signs for a given market.. Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP. Graph and download economic data for Contributions to percent change in real gross domestic product: Gross private domestic investment: Fixed investment: Residential from Q1 1947 to Q4 2022 about contributions, fixed, investment, residential, percent, domestic, private, real, GDP, USA, Shares of GDP, and gross. 15 China plans to increase its R&D spending by more than 7% per year between 2021 and 2025. For more information, please visit the Bureau of Economic Analysis. Fred Plapp's Post Fred Plapp Professor Emeritus at the University of Kansas Health System 3w Report this post . Quantities and prices. In national economic accounting, GDP and GDI are conceptually equal. The increase in exports of goods was widespread, and the leading contributors were consumer goods, industrial supplies and materials, and foods, feeds, and beverages. Demographics age, income, migration patterns, population growth Additional resources available at www.bea.gov: Gross domestic product (GDP), or value added,is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. Federal Reserve Bank of St. Louis; Categories > Academic Data > Penn World Table 9.0 > National Accounts-Based Variables. Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate), 4600 Silver Hill Road Suitland, MD 20746, Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts and Expenditures, Effects of Selected Federal Pandemic Response Programs on Personal Income, GDP and the National Income and Product Account (NIPA) Historical Tables, Prices and Output for Information and Communication Technologies, Integrated Macroeconomic Accounts for the United States, Estimates prepared for international comparisons based on the System of National Accounts, NIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts, Measuring the Economy: A Primer on GDP and the National Income and Product Accounts, 2022 Annual Update of the National Economic Accounts, Vintage History of Quarterly Gross Domestic Product (GDP) and Gross Domestic Income (GDI) Estimates. As per the most recent quarterly growth figures for October-December 2022 period, India's GDP growth is 4.4 percent in real terms (when adjusted for inflation) and 11 percent in nominal terms . Beyond its duration, the Great Recession was notably severe in several respects. The data reached an all-time high of 6,536.2 USD bn in Dec 2022 and a record low of 60.8 USD bn in Mar 1947. Suggested Citation: Quarterly. Real GDP accelerated in the fourth quarter, increasing 6.9 percent after increasing 2.3 percent in the third quarter. Release Dates in 2021; Estimate 2020 Q4 and Year 2020 2021 Q1 2021 Q2 2021 Q3; Gross Domestic Product Advance Estimate: January 28, 2021: April 29, 2021 Series from Gross Domestic Product. Federal Reserve Bank of St. Louis; China is now the second-largest spender on research & development (R&D) in the world, behind only the US, and accounts for over 20% of global R&D spending. View. Series from Gross Domestic Product. Graph and download economic data for Households and Nonprofit Organizations; One-to-Four-Family Residential Mortgages; Liability, Level/Households; Owner-Occupied Real Estate at Market Value, Level from Q4 1945 to Q4 2022 about mortgage, nonfinancial, sector, debt, domestic, households, housing, USA, GDP, market value, and real estate. Gross Domestic Product, Units: Percent changes in quarterly not seasonally adjusted values are calculated from the same quarter one year ago. The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Releases from University of California, Davis, More Within goods, the leading contributors were "other" nondurable goods (including games and toys as well as pharmaceuticals), clothing and footwear, and recreational goods and vehicles. Bureau of Economic Analysis (BEA) A federal agency (in the Economics and Statistics Administration of Dpt of Commerce, along with Census). Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, BEA Account Code: A011RYFor more information about this series, please see http://www.bea.gov/national/. St. Louis, MO 63102. A detailed "Key Source Data and Assumptions" file is also posted for each release. Real gross domestic product (GDP) increased at an annual rate of 2.7 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. Published by Statista Research Department , Feb 1, 2023. Real gross domestic product(real GDP) is a macroeconomicmeasure of the value of economic outputadjusted for price changes (i.e. In the fourth quarter, COVID-19 cases resulted in continued restrictions and disruptions in the operations of establishments in some parts of the country. Fred Jones a new employee at Stibo's Frozen Foods estimates that the price elasticity of demand for Stibo's Frozen Pizzas to be -1.23, as compared to a price elasticity of demand for frozen pizzas in general of -2.34. This convention is used for BEA's featured, seasonally adjusted measures to facilitate comparisons with related and historical data. Releases from U.S. Bureau of Economic Analysis, More Interestingly, the fourth theme includes a 'willingness to embrace change and alternative views, and risk taking'. The Economic Outlook for 2023. Economic Lowdown Audio SeriesGetting Real about Interest Rates . Real Gross Domestic Product: A191RL1Q225SBEA Current % Chg. from Preceding Period Q SAAR 2023-01-26 Real Gross Domestic Product: GDPC1 Current Bil. Source: Current Release It houses more than 800,000 data series and is free for use worldwide. Federal Reserve Economic Data | FRED | St. Louis Fed Welcome to FRED, your trusted source for economic data since 1991. The increase in private inventory investment was led by retail and wholesale trade industries. In the third quarter, real GDP increased 2.3 percent. Gross Domestic Product is the total value of goods produced and services provided in the US. Why does BEA publish percent changes in quarterly series at annual rates? University of Groningen and University of California, Davis, Real GDP at Constant National Prices for United States (RGDPNAUSA666NRUG) | FRED | St. Louis Fed Categories > Academic Data > Penn World Table 9.0 > National Accounts-Based Variables Real GDP at Constant National Prices for United States (RGDPNAUSA666NRUG) Observation: 2019: 20,563,592.00 (+ more) Updated: Jan 21, 2021 Units: Preview. FRED is the St. Louis Fed's signature economic database. Real Gross Domestic Product [A191RO1Q156NBEA], Trending Search Terms: cpi gdp unemployment rate inflation m2 real gdp unemployment interest rate consumer price index pce Browse Data By: Source: GDP 70 181 US$ per capita Data service is momentarily unavailable. Real Gross Domestic Product | ALFRED | St. Louis Fed Home > Releases > Gross Domestic Product > Real Gross Domestic Product Real Gross Domestic Product (GDPC1) Observation: Q4 2022: 20,187.495 (+ more) Updated: Feb 23, 2023 Units: Billions of Chained 2012 Dollars, Seasonally Adjusted Annual Rate Frequency: Quarterly 1Y | 5Y | 10Y | Max to Changes in GDP are the most popular indicator of the nation's overall economic health. Government Programs. One Federal Reserve Bank Plaza, U.S. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis; The personal consumption expenditure price index measures the prices paid for the goods and services purchased by, or on the behalf of, "persons.". One Federal Reserve Bank Plaza, https://fred.stlouisfed.org/series/GDP, Comprehensive (or benchmark) updates are carried out at about 5-year intervals and incorporate major periodic source data, as well as major conceptual improvements. Disposable personal income increased $14.1 billion, or 0.3 percent, in the fourth quarter, compared with an increase of $36.7 billion, or 0.8 percent, in the third quarter. Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. Current Release Current release: December 22, 2022 Next release: March 30, 2023 Interactive Data The personal saving ratepersonal saving as a percentage of disposable personal incomewas 7.4 percent in the fourth quarter, compared with 9.5 percent in the third quarter. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them). Home > Releases > Gross Domestic Product > Real Gross Domestic Product. Releases from U.S. Bureau of Economic Analysis, More The increase in residential fixed investment mainly reflected an increase in new single family construction. What's Not Included in GDP? BEA Account Code: A191RXReal gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.For more information see the Guide to the National Income and Product Accounts of the United States (NIPA). U.S. Bureau of Economic Analysis, Release: The price index for gross domestic purchases, as measured from the fourth quarter of 2020 to the fourth quarter of 2021, increased 5.5 percent, compared with an increase of 1.4 percent from the fourth quarter of 2019 to the fourth quarter of 2020. 9 February 2017. It is equal to personal income less personal current taxes. Download, graph, and track, 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity, 30-Year Fixed Rate Mortgage Average in the United States, Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average, 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity, ICE BofA US High Yield Index Option-Adjusted Spread, H.8 Assets and Liabilities of Commercial Banks in the United States, Daily Treasury Inflation-Indexed Securities. AP Economics Economics. Why does BEA publish estimates at annual rates? Are you sure you want to remove this series from the graph? St. Louis, MO 63102, http://www.bea.gov/national/pdf/nipaguid.pdf, Index 2012=100, Quarterly, Not Seasonally Adjusted, Percent Change from Preceding Period, Annual, Not Seasonally Adjusted, Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate, Percent Change from Quarter One Year Ago, Quarterly, Not Seasonally Adjusted, Percent Change from Quarter One Year Ago, Quarterly, Seasonally Adjusted, More Releases from U.S. Bureau of Economic Analysis. You will then use the input function to ask for two dates (years), which will serve as the beginning and end of the period. Real disposable personal income decreased 5.8 percent, compared with a decrease of 4.3 percent. One Federal Reserve Bank Plaza, March 3, 2023. March 3, 2023. You are solely responsible for your interactions with other FRED Dashboard users. The panel predicts real GDP will grow at an annual rate of 7.9 percent this quarter, up 2.9 percentage points from the prediction in the last survey. In 2021, per capita Real GDP . Contributions to percent change in real gross domestic product: Gross private domestic investment: Fixed investment: Residential [A011RY2Q224SBEA], retrieved from FRED, Percent Change from Quarter One Year Ago,Seasonally Adjusted, Frequency: Data in this graph are copyrighted. Billions of Chained 2012 Dollars,Seasonally Adjusted Annual Rate, Frequency: Economic Lowdown Audio SeriesGross Domestic Product (GDP) AP Economics Economics. Are you sure you want to remove this series from the graph? Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. Thus, the economy entered 2023 with a healthy . 5,223 economic data series with tags: GDP, Real, SA - excluding tags: Debt, MDO. Real values are inflation-adjusted estimatesthat is, estimates that exclude the effects of price changes.For more information about this series, please visit the Bureau of Economic Analysis. BEA Account Code: A011REFor more information about this series, please see http://www.bea.gov/national/. Data in this graph are copyrighted. Contributions to percent change in real gross domestic product: Gross private domestic investment: Fixed investment: Residential, Shares of gross domestic product: Gross private domestic investment: Fixed investment: Residential. Produces the NIPAs. However, beneath the derisive chanting, flag-waving, and occasional parking lot scuffles, a genuine cultural divide exists between . Data in this graph are copyrighted. Disposable personal income is the income available to persons for spending or saving. Categories > National Accounts > National Income & Product Accounts > GDP/GNP. The U.S. spends nearly 18 percent of GDP on health care, yet Americans die younger and are less healthy than residents of other high-income countries. Quarterly. BEA Account Code: A191RLGross domestic product (GDP) is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. The increase in exports reflected an increase in goods (mainly non-automotive capital goods) that was partly offset by a decrease in services (led by travel as well as royalties and license fees). of Chn. Subscribe to the FRED newsletter. 16 The country has topped the rankings in global patent filings since 2019 and now ranks 11th in . Gross Domestic Product. Series from Gross Domestic Product. Gross Domestic Product (Second Estimate) retrieved from FRED, Gross output is the value of the goods and services produced by the nation's economy. Gross Domestic Product, Units: midterm365 2010_answer. U.S. Bureau of Economic Analysis, Release: retrieved from FRED, Within retail, inventory investment by motor vehicle dealers was the leading contributor. Series from Gross Domestic Product. Switch to the accessible table representation. Source: A. They are part of the Federal Reserve Bank of Philadelphia's FR Y-14M Large Bank Credit Card and Mortgage Continue reading St. Louis, MO 63102, Billions of Chained 2012 Dollars, Annual, Not Seasonally Adjusted, Billions of Chained 2012 Dollars, Quarterly, Not Seasonally Adjusted, Billions of Chained 2012 Dollars, Quarterly, Seasonally Adjusted Annual Rate, Index 2012=100, Quarterly, Not Seasonally Adjusted, Percent Change from Quarter One Year Ago, Quarterly, Not Seasonally Adjusted, Percent Change from Quarter One Year Ago, Quarterly, Seasonally Adjusted, More It is principally measured using industry sales or receipts, including sales to final users (GDP) and sales to other industries (intermediate inputs). FRED: Download, graph, and track economic data. More information on the source data that underlie the estimates is available in the "Key Source Data and Assumptions" file. https://fred.stlouisfed.org/series/A191RO1Q156NBEA, March 3, 2023. Preview. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. U.S. Bureau of Economic Analysis, University of California, Davis, Release: Are you sure you want to remove this series from the graph? Real GDP includes all income in the economy. Gross Domestic Product is the total value of goods produced and services provided in a the US. EconoFact Audio SeriesChild Poverty in the United States. 15 . United States Nominal GDP reached 6,536.2 USD bn in Dec 2022, compared with 6,431.0 USD bn in the previous quarter. In the third quarter, GDP increased 8.4 percent, or $461.3 billion (table 1 and table 3). Seasonally . Check all that apply. This can not be undone. Similarly, the PCE price index increased 3.9 percent, compared with an increase of 1.2 percent. the four factors are:. Please review the copyright information in the series notes before sharing. St. Louis, MO 63102, More How much each of these contribute to the remaining gap can only be determined with a look at the microdata. BEA releases three vintages of the current quarterly estimate for GDP: "Advance" estimates are released near the end of the first month following the end of the quarter and are based on source data that are incomplete or subject to further revision by the source agency; "second" and "third" estimates are released near the end of the second and third months, respectively, and are based on more detailed and more comprehensive data as they become available. BEA Account Code: A191RCGross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis. Imports, which are a subtraction in the calculation of GDP, increased (table 2). Real value: A measure of money that removes the effect of inflation. Gross Domestic Product, Units: Are you sure you want to remove this series from the graph? Graph and download economic data for Households; Owner-Occupied Real Estate Including Vacant Land and Mobile Homes at Market Value, Market Value Levels/Gross Domestic Product: Implicit Price Deflator from Oct 1945 to Jan 2023 about HPI, housing, price index, indexes, price, USA, implicit price deflator, headline figure, GDP, inflation, 1-unit structures, family, new, sales, and population. One Federal Reserve Bank Plaza, In light of the relative inelasticity of Stibo's Frozen Pizza's, Fred recommends raising the price to increase sales revenues. March 4, 2023. U.S. Bureau of Economic Analysis, Real Final Sales to Private Domestic Purchasers [LB0000031Q020SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https . This update will present revised statistics for GDP, GDP by Industry, and gross domestic income that cover the first quarter of 2017 through the first quarter of 2022. U.S. Bureau of Economic Analysis, Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased as provisions of several federal programs expired or tapered off. One Federal Reserve Bank Plaza, The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source . Quarterly. Unlike GDP, advance current quarterly estimates of GDI and corporate profits are not released because data on domestic profits and on net interest of domestic industries are not available. Download Data Save as My Data List. U.S. Bureau of Economic Analysis, The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the fourth quarter because the impacts are generally embedded in source data and cannot be separately identified. Shares of gross domestic product: Gross private domestic investment: Fixed investment: Residential [A011RE1Q156NBEA], In 2000, it was projected that Medicare would face a shortfall of 0.4 percent of GDP (around $90 billion a year) by now, rising to 1.0 percent of GDP by 2040 (Table III.C1). Releases from U.S. Bureau of Economic Analysis, More BEA Account Code: A939RXFor more information about this series, please visit the Bureau of Economic Analysis. Welcome to FRED, your trusted source for economic data since 1991. Are you sure you want to remove this series from the graph? The increase in real GDP primarily reflected increases in private inventory investment, exports, personal consumption expenditures (PCE), and nonresidential fixed investment that were partly offset by decreases in both federal and state and local government spending. Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the third quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. Provides official macroeconomic and industry statistics, particularly GDP of the United States, states, metropolitan areas, Source: The acceleration in real GDP in the fourth quarter primarily reflected an upturn in exports, accelerations in private inventory investment and PCE, and smaller decreases in residential fixed investment and federal government spending that were partly offset by a downturn in state and local government spending. Billions of Dollars,Seasonally Adjusted Annual Rate, Frequency: Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. GDPC1.csv Download GDPC1.csv(the quarterly Real Gross Domestic Product (GDP) of the US since 1947) You will begin by reading in these files and storing them with appropriate data structures. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, 3,260 economic data series with tags: GDP, Real, Enterprises - excluding tags: Debt, MDO. Please review the copyright information in the series notes before sharing. Categories > National Accounts > National Income & Product Accounts > GDP/GNP. Personal outlays is the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments. Units: Canada's economy didn't grow at all last quarter and shrank in December, new GDP numbers show. Quantity and price indexes are calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. It includes income from domestic sources as well as the rest of world. Expert Help. This can not be undone. The gross domestic purchases price index measures the prices of final goods and services purchased by U.S. residents. In tables that display chained-dollar values, a "residual" line shows the difference between the sum of detailed chained-dollar series and its corresponding aggregate. https://fred.stlouisfed.org/series/A011RE1Q156NBEA, GDP is the total market value of all final goods and services produced in an economy in a given year. Projected growth rate: 1.0% Debt Household debt: 101.2 % of disposable income Government debt: 148.0 % of GDP Tax Tax on personal income: 11.2 % of GDP Data service is momentarily unavailable. Download, graph, and track 819,000 US and international time series from 110 sources . Under the Data Tools dropdown box, select "Create Your Own Graphs." In the box marked "Type keywords to search for data" enter "GDPC1" without the quotation marks. Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. The decrease in state and local government spending reflected decreases in consumption expenditures (led by compensation of state and local government employees, notably education) and in gross investment (led by new educational structures). Please review the copyright information in the series notes before sharing. Gross Domestic Product [GDP], Calculate the average rate of real GDP growth for the period from 1960 to the most recent year available. Current-dollar personal income increased $106.3 billion in the fourth quarter, compared with an increase of $127.9 billion in the third quarter. Annual-vs-quarterly rates. In other words, GDP measures an economy's outputand tells us the size of the economy in dollar terms. Federal Reserve Bank of St. Louis; Profits from current production, referred to as corporate profits with inventory valuation adjustment (IVA) and capital consumption (CCAdj) adjustment in the National Income and Product Accounts (NIPAs), is a measure of the net income of corporations before deducting income taxes that is consistent with the value of goods and services measured in GDP. One Federal Reserve Bank Plaza, For details on the calculation of quantity and price indexes, refer to Chapter 4: Estimating Methods in the NIPA Handbook. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. The annual rate change from preceding quarter is calculated differently than quarter-on-quarter rate. REUTERS/Andrew Kelly A look at the day ahead in U.S. and global markets from Mike Dolan . This can not be undone. One Federal Reserve Bank Plaza, https://fred.stlouisfed.org/series/A011RY2Q224SBEA, Real gross domestic product (GDP) fell 4.3 percent from its peak in 2007Q4 to its trough in 2009Q2, the largest decline in the postwar era . More information on the 2022 annual update will be included on BEA's website as well as in a forthcoming Survey of Current Business article, "GDP and the Economy. Statistics Canada reported Tuesday that Canada's economy didn't grow at all in the last quarter of 2022, and actually shrank in December. Real GDP Growth is a vital indicator to analyze the health of the economy. In the second quarter, real GDP increased 6.7 percent. Gross Domestic Product, Units: Calendar years and quarters. The increase in private inventory investment primarily reflected an increase in wholesale trade (mainly in durable goods industries).Current-dollar GDP increased 10.0 percent, or $2.10 trillion, in 2021 to a level of $22.99 trillion, in contrast to a decrease of 2.2 percent, or $478.9 billion, in 2020 (tables 1 and 3). This can not be undone. It does not include realized or unrealized capital gains or losses. On the surface, the rivalry between Paris and Marseilles is a pitched battle (sometimes quite literally) between two opposing football teams and their legions of die-hard fans. Real GDP per capita does not account for pollution c. Real GDP per capita does not account for income inequality d. It matters whether you take the growth of real GDP or real GDP per capita because real GDP per capita takes into account the changes in population and gives a more accurate picture of the economic growth per person. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. Are you sure you want to remove this series from the graph? Source ID: rgdpnaWhen using these data in your research, please make the following reference: Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182, available for download at www.ggdc.net/pwtFor more information, see http://www.rug.nl/research/ggdc/data/pwt/. ", 4600 Silver Hill Road Suitland, MD 20746, Federal Recovery Programs and BEA Statistics, Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts and Expenditures, Effects of Selected Federal Pandemic Response Programs on Personal Income, Glossary: National Income and Product Accounts. Excluding food and energy prices, the PCE price index increased 4.9 percent, compared with an increase of 4.6 percent. Study Resources. Welcome to FRED, your trusted source for economic data since 1991. Dollars,Not Seasonally Adjusted, Frequency: U.S. Bureau of Economic Analysis, Categories > National Accounts > National Income & Product Accounts > GDP/GNP. Real gross domestic product per capita [A939RX0Q048SBEA], While economists look to GDP to help assess the well-being of an economy, they also consider how much the economy could produce. Percent,Not Seasonally Adjusted. The increase primarily reflected increases in compensation (led by private wages and salaries), personal income receipts on assets, and rental income that were partly offset by a decrease in personal current transfer receipts (notably, government social benefits) (table 8).
