Shipping containers at the Port of Los Angeles on April 3. The latest US GDP report showed that goods imports rose by 51% in the first quarter, the fastest pace since 2020.

Meanwhile, GDP growth has been averaging about 2.75% a year. Schoenberger said there are big caveats to keep in mind with January’s jump in imports. For one, that surge probably won’t last.

GDP continued its upward trajectory through 2023 and 2024. In 2024, the U.S. GDP grew 2.8%, just slightly below the 2.9% increase in 2023.

That counts as GDP. I mow my own lawn. That’s not GDP. And if I bought illegal drugs (hypothetically speaking, of course), that would not count as GDP, though my legal drug purchases do count.

Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry-picking data for political gain.

What is GDP? A simple way to define Gross Domestic Product is to break down the three words making up the term: Gross is the total market value of how much goods and services cost in the ...

NATO’s guidelines say countries should spend 2 percent of their GPD on defense each year. Here’s the breakdown of how much NATO members spend on defense, by GDP.

GDP is significant because it offers insight into the bedrock activity level upon which all economic outcomes depend, Mark Zandi, chief economist at Moody's Analytics, told ABC News.

GDP:CA Company Profile Golden Pursuit Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States.

The Trump administration has some nits to pick with government spending: They don't think it should be counted as part of the country's GDP, that it should be counted separately. In today's ...