The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...

Top Trump administration officials are arguing that it is misleading to include government spending in the quarterly tally of GDP. It sets up a clash between the administration and economists over how ...

The national price tag for health care — that’s public and private spending — is only growing. New government estimates show it will reach more than 20% of GDP by 2033. That’s up from around 17% in ...

Estimating the GDP of this entire economy — which now stands just shy of $29.2 trillion — is a work in progress. The Bureau of Economic Analysis just gave us its mostly final estimate: the economy ...