How trade-oriented is the U.S. economy?

Jul 10, 2024
Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.
The U.S. imports and exports hundreds of billions of dollars' worth of goods and services ever year, but international trade accounts for a relatively low percentage of GDP.
Mark Ralston/AFP via Getty Images

The monumental task of measuring the GDP over and over again

Sep 28, 2023
The keepers of GDP continually update their calculations as more information becomes available.
Measuring the economy requires continually revising data as more data becomes available.
Stephane de Sakutin/AFP via Getty Images

Here's why the U.S. revises GDP estimates — over and over

Feb 23, 2023
The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.
The Bureau of Economic Analysis revised down its GDP estimate for the fourth quarter of last year from 2.9% to 2.7%.
Roman Babakin/Getty Images

Consumers are pulling back on spending. They're also tapping savings and taking on debt.

Jun 30, 2022
That's good news for inflation, but it might be bad news when it comes to the risk of a recession.
The price of everything — from groceries and gasoline to discretionary purchases like travel — is going up. As a result, consumers aren't spending as freely.
Frederic J. Brown/AFP via Getty Images

Trade deficit narrows as trade tensions continue to bite

Nov 5, 2019
Tariffs on foreign-made imports to the U.S., and retaliatory tariffs on U.S. exports, are dragging down exports and imports.
Apples are one crop that have been hit by the trade war. Above, apples produced by Spring Valley Farm and Orchard in West Virginia are on display at a farmers market.
Kimihiro Hoshino/AFP via Getty Images

What GDP tells us about the economy

Jul 26, 2018
GDP growth for the latest quarter is expected to be robust, but that is due in part to some unique elements of the quarter.

Let's talk about Trump's speech in Davos

Jan 26, 2018
Plus: A rising GDP but a "weak" dollar?
President Donald Trump looks on after delivering his speech to the World Economic Forum annual meeting today in Davos, Switzerland.

For public good, not for profit.

Some economic strengths revealed in U.S. quarterly GDP figure

Jan 26, 2018
Gross domestic product in the fourth quarter of 2017 rose 2.6 percent on an annualized basis, compared to 3.2 percent in the third quarter, according to the Bureau of Economic Analysis. The rate of economic growth for the 2017 calendar year was 2.3 percent, compared to 1.5 percent in 2016. Several components of GDP were particularly strong […]

The final word on last year's economy is almost here

Mar 29, 2017
Thursday, the Bureau of Economic Analysis will release final revisions to economic growth numbers, aka the gross domestic product, for 2016. In other words, we’ll find out if economic growth last year really was as lousy as it seemed. But why look back? With the end of first quarter of 2017 almost here, there’s plenty […]

Why you should care about the government's economic data

Jan 25, 2017
Private companies, investors, workers and consumers depend on government economic data for a wide array of financial decisions.
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