The GDP Annual Growth Rate measures the year-over-year change in the inflation-adjusted value of all goods and services produced by an economy. It is the most comprehensive indicator of economic health and performance, reflecting the pace of expansion or contraction. Policymakers and central banks use this data to adjust fiscal and monetary strategies to ensure sustainable growth.
Calculated by comparing the real GDP of the current year to the real GDP of the previous year. It accounts for personal consumption, business investment, government spending, and net exports.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 24, 2014 | 3.20 | 3.30 | -0.10 |
