Where can I find Gross Domestic Product (GDP) data? – IMF DATA Help (2024)

FAQs

Where can I find Gross Domestic Product (GDP) data? – IMF DATA Help? ›

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.

U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDP, September 17, 2024.

GDP, short for gross domestic product, is the total value of all the finished goods and services in a country over a certain period of time.

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Accordingly, GDP is defined by the following formula: GDP = Consumption + Investment + Government Spending + Net Exports or more succinctly as GDP = C + I + G + NX where consumption (C) represents private-consumption expenditures by households and nonprofit organizations, investment (I) refers to business expenditures ...

Estimates of GDP at current prices are obtained by inflating the constant price estimates with the price indices, at 2-digit level industry-groups. Estimates of GDP are prepared at constant prices first, and estimates at current prices are obtained subsequently.

A country's GDP represents the final market value of all the products and services that a country produces in a single year. Another way to measure GDP is as the sum of four factors: consumer spending, government spending, net exports, and total investment.

GDP is. the market value of all final goods and services produced within a country for a given period of time. -it estimates the total expenditure of the economies output of goods and services. -it also measures the total income of everyone in the economy. GDP=C+I+G+NX.

GDP is the total value of all final goods and services produced in an economy over the course of a year.

GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.

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The IMF provides statistical data on government finance, monetary relations, financial stability, international trade, exchange rates, balance-of-payments and global economic prospects. IMF data can be accessed via: IMF data homepage.

The IMF was founded by 44 member countries that sought to build a framework for economic cooperation. The IMF was established in 1944 in the aftermath of the Great Depression of the 1930s. The IMF is able to lend about $1 trillion to its member countries.

Real GDP Calculation

In general, you calculate real GDP by dividing nominal GDP by the GDP deflator (R). For example, if an economy's prices have increased by 1% since the base year, the deflating number is 1.01. If nominal GDP was $1 million, then real GDP is calculated as $1,000,000 / 1.01, or $990,099.

Gross profit is calculated by subtracting the cost of goods sold (COGS) from net revenue. Net income is calculated by subtracting all operating expenses from gross profit.

The four components of gross domestic product include the consumption of goods and services, government spending, business investment, and net exports. Consumption of goods and services: this includes spending by households on items such as food, shelter, clothing, and health care.

Produced by the Bureau of Economic Analysis, Gross Domestic Product (GDP) data is ranked as one of the three most influential economic measures that affect U.S. financial markets.

US GDP is at a current level of 28.65T, up from 28.27T last quarter and up from 27.06T one year ago. This is a change of 1.36% from last quarter and 5.87% from one year ago. US GDP or Gross Domestic Product is the total value of goods produced and services provided in the US.