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.

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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.

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.

GDP tells us how hot the economy is running, or how cool — like if we might be heading into a recession. And it's an important tool to compare countries, policies, and politicians.

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.