Measures the change in the inflation-adjusted value of all goods and services produced by the economy compared to the previous quarter. It is the primary indicator of economic health and growth. High growth suggests a robust economy, while negative growth indicates contraction.
Calculated by comparing the total value of goods and services produced in the current quarter to the previous quarter, adjusted for inflation. It uses the expenditure approach, summing consumption, investment, government spending, and net exports.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 25, 2024 | 0.20 | 0.70 | -0.50 |
| Jun 25, 2024 | 1.20 | 1.00 | +0.20 |
| Dec 11, 2023 | 0.70 | -2.30 | +3.00 |
The latest reading is within its usual range, less than one standard deviation from the mean.
