Domenico Ferraro, PhD: “Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency; US dollars in the United States. Real GDP is nominal ...

“There’s no need to reinvent the wheel here; we already have the statistics to calculate GDP minus government spending ... up 6.5 percent of the calculation at the end of 2024. “Real GDP and private ...

In 2024, the U.S. GDP grew 2.8% compared to a 2.9% increase in 2023, according to a second estimate of real gross domestic product from the Bureau of Economic Analysis, released Feb. 27.

Exports, which add to domestic production, could fall if the trade war continues and more countries respond with tariffs on ...

The disbanding of committees that consulted on government data — and comments from a senior official about changing how GDP ...

A country's debt-to-GDP ratio is a metric that expresses how leveraged a country is by comparing its public debt to its annual economic output. Just like people and businesses, countries often ...

The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Real gross domestic ...