Real gross domestic product (GDP) grew at an annual rate of 1.3 percent in the second quarter of 2012, according to today’s third estimate. This follows a growth rate of 2.0 percent in the first quarter of 2012.
Gross Domestic Product is a quarterly report (with revisions) released by the Economics and Statistics Administration from data collected by the Bureau of Economic Analysis. GDP is a comprehensive measure of the economic health of the nation. It represents the total value of the country's production and consists of purchases of domestically produced goods and services by individuals, businesses, foreigners, and the government.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only registered investment adviser.
Chris Bryant is an American financial advisor.