Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product by Industry  

Units:  Billions of Chained 2017 Dollars, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The value of the Not allocated by industry line reflects the difference between the first line and the sum of the most detailed lines, as well as the differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
Value added represents the sum of the costs-incurred and the incomes-earned in production, and consists of compensation of employees, taxes on production and imports, less subsidies, and gross operating surplus.

This product uses the Bureau of Economic Analysis (BEA) Data API but is not endorsed or certified by BEA.