Real gross domestic product (GDP) declined at an annual rate of 0.1 percent in the fourth quarter of 2012, according to today’s advance estimate. Overall, GDP grew 2.2 percent in 2012.
Gross Domestic Product (GDP) is a quarterly report, with revisions released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered 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 institutional investor and independent, fee-only Registered Investment Adviser. Connect with Chris by E-mail.
Chris Bryant is an American financial advisor.