The average state’s contribution to U.S. GDP would technically be two percent. Some state economic powerhouses surpass that goal easily, while others lag behind.

The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, ...

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought ...

The new estimates show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than initially believed. By Ben Casselman. Sept. 26, 2024.

Gross domestic product plays an outsize role in how we think of what the American economy creates. It’s what the U.S. Bureau of Economic Analysis refers to as its “featured measure of ...