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The web page compares the economic variables such as job creation, GDP growth, stock market returns, personal income growth and corporate profits under Democratic and Republican presidents since World War II. It shows that the U.S. economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
Learn about the economy of the United States, the world's largest and most powerful nation by GDP, trade, and military. Find statistics, trends, sectors, and challenges of the US economy, as well as its history and outlook.
NIPA is a system of accounting for the U.S. economy that measures the output, income, and expenditure of the country. It shows the gross domestic product (GDP) and its components by the income method and the expenditure method.
This was most prevalent in first-quarter GDP data, before the government resolved the problem in 2018. Back then, residual seasonality tended to understate economic growth in the first quarter.
The reading came in lower than third quarter GDP, which was revised down to 4.9%. For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022.
The central bank’s favored inflation gauge — the personal consumption expenditures index, or PCE — rose at a 2.5% annual rate last quarter, down from 3.4% in the first quarter of the year.
Learn about the characteristics and developments of the U.S. economy from the colonial era to the present, including productivity, trade, technology, and policy. Explore the demographics, sectors, and challenges of the American economy across time and space.
The Bureau of Economic Analysis's third estimate of second quarter US gross domestic product (GDP) was unchanged from the second estimate which had shown 3% annualized growth. Economists had ...