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GDP Increases in First Quarter

| Statistics

According to the "advance" estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased 2.3 percent in the first quarter of 2018. In the fourth quarter of 2017, real GDP increased 2.9 percent.

GDP highlights included:

  • The increase in real GDP reflected increases in business investment, consumer spending, exports, and inventory investment.
  • Imports, which are a subtraction in the calculation of GDP, increased in the first quarter of 2018.


For a comprehensive summary, visit: https://blog.bea.gov/2018/04/27/gdp-increases-in-first-quarter-6/