| Basic Info | US GDP or Gross Domestic Product is the total value of goods produced and services provided in the US. It is a vital indicator to analyze the health of the US economy. The metric is calculated as the sum of Private Consumption, Gross Investment, Government Spending and Net Exports. Two quarters of consecutive negative real GDP growth signifies a recession. Additionally, GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US GDP grew as high as 26.80% in a year, but by the late 20th century 2-7% nominal growth was more the norm. |
|---|
