Where can I find announcements of official GDP figures for the US and other countries?
Gross Domestic Product data can be found in the National Accounts dataset portal, and in the Data Tables tab of the International Financial Statistics dataset portal.
WHO releases GDP data in USA?
U.S. Bureau of Economic Analysis (BEA)
How often is GDP data published in the United States?
monthly
Frequency: Released monthly. There are 3 versions of GDP released a month apart – Advance, second release and Final.
How do you find a countries GDP?
GDP is measured by taking the quantities of all goods and services produced, multiplying them by their prices, and summing the total. GDP can be measured either by the sum of what is purchased in the economy or by what is produced. Demand can be divided into consumption, investment, government, exports, and imports.
Where can I find US economic data?
Data from around the United States
- FRED Economic Data.
- Bureau of Labor Statistics (BLS)
- Bureau of Economic Analysis (BEA)
- NBER Public Use Data Archive.
- Congressional Budget Office (CBO)
- More US macro data.
Where can I get GDP data?
Gross Domestic Product data can be found in the National Accounts dataset portal, and in the Data Tables tab of the International Financial Statistics dataset portal.
What is the best database for economics?
Key databases for Economics
- EconLit. Economics specific database includes journal articles, working papers and theses.
- Business Source Complete. …
- Emerald Journals. …
- ProQuest. …
- Informit Business Collection. …
- RePEc (Research Papers in Economics) …
- Scopus. …
- Web of Science.
What time is GDP data released?
Release Calendar
| Sort By: Date | Name | |
|---|---|
| 7:30 am | Gross Domestic Product |
| Thursday September 29, 2022 | |
| 7:30 am | Gross Domestic Product |
| Thursday October 27, 2022 | |
WHO reports the GDP?
The Bureau of Economic Analysis
The Bureau of Economic Analysis releases quarterly figures for US Gross Domestic Product. In addition to the Real GDP, the report also includes data for income, sales, inventories, and corporate profits. It is one of the most important parts of the National Income and Product Accounts.
What percentage of global GDP is the US?
In 2021, the United States accounted for 15.74 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 14.6 percent by 2027, which is roughly a seventh of the global total.
Where does the US rank in GDP?
Canada
| Rank | Name | GDP (IMF ’20) |
|---|---|---|
| 1 | United States | 20.89 Tn |
| 2 | China | 14.86 Tn |
| 3 | Japan | 5.04 Tn |
| 4 | Germany | 3.84 Tn |
What is the current real GDP?
Current‑dollar GDP increased 14.3 percent at an annual rate, or $790.1 billion, in the fourth quarter to a level of $23.99 trillion. In the third quarter, GDP increased 8.4 percent, or $461.3 billion (table 1 and table 3).
What is the current US GDP 2021?
$23.00 trillion
Current-dollar GDP increased 10.1 percent (revised), or $2.10 trillion, in 2021 to a level of $23.00 trillion, in contrast to a decrease of 2.2 percent, or $478.9 billion, in 2020 (tables 1 and 3).
What is the real GDP of the United States 2022?
The nonpartisan Congressional Budget Office estimates that real gross domestic product, or GDP, will grow 3.1% in 2022, it said in a Wednesday report. “In CBO’s projections, the current economic expansion continues, and economic output grows rapidly over the next year,” the CBO said in its report.
How accurate is GDPNow?
Since we started tracking GDP growth with versions of this model in 2011, the average absolute error of final GDPNow forecasts is 0.84 percentage points. The root-mean-squared error of the forecasts is 1.25 percentage points. These accuracy measures cover initial estimates for 2011:Q3–2022:Q1.
What growth rate are the professional forecasters predicting for the US economy?
Projections for headline and core CPI and PCE inflation in have been revised upward, compared with the projections in the survey of three months ago. Over the next
What is the nowcast model?
The nowcast of GDP growth is model-based and its purpose is to illustrate the information provided by a large group of variables on GDP developments. The model incorporates data on the monthly and quarterly frequencies.
What is GDP nowcasting?
The GDPNow forecast is constructed by aggregating statistical model forecasts of 13 subcomponents that comprise GDP. Other private forecasters use similar approaches to “nowcast” GDP growth.
What is the difference between nowcasting and forecasting?
NOWCASTING refers to a very short time about events… i.e. one day, two or three… based on quantitative data. Forecasting refers to a very long future.
Which is the largest component of the US GDP?
consumer spending
GDP includes many components, each with a different level of importance. For example, the U.S. economy is a consumer-based economy because consumer spending is the largest component of GDP.