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Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
Units: Percent Change from Preceding Period, Seasonally Adjusted Annual Rate
Frequency: Quarterly
BEA Account Code: A191RL
Gross 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. 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. Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.
For more information about this series, please visit the Bureau of Economic Analysis.
U.S. Bureau of Economic Analysis, Real Gross Domestic Product [A191RL1Q225SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A191RL1Q225SBEA, .
Source: U.S. Federal Open Market Committee
Source: Federal Reserve Bank of St. Louis
Release: Summary of Economic Projections
Units: Fourth Quarter to Fourth Quarter Percent Change, Not Seasonally Adjusted
Frequency: Annual
Projections of real gross domestic product growth are fourth-quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections.
Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.
U.S. Federal Open Market Committee and Federal Reserve Bank of St. Louis, FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Median [GDPC1MD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPC1MD, .
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