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Out of context: Reply #16002

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    Gross Domestic Product (GDP)
    Current Numbers:

    2nd quarter 2011: 1.0 percent
    1st quarter 2011: 0.4 percent

    Quarterly data: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.0 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.
    Next release: September 29, 2011

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