What is it?
Gross Domestic Product (RGDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as “constant-price,” “inflation-corrected” GDP.
RGDPQ is the difference between real GDP from the current quarter and previous quarter as defined by the Bureau of Economic Analysis. i.e. The first quarter 2018 GDP grew 2.2% over the 4th quarter 2017 GDP.
RGDPY is the difference between real GDP from the current quarter and previous year for the same quarter. i.e. The first quarter 2018 GDP grew 2.6% over the 1st quarter 2018 GDP.
Who is interested?
Analysts, High level executives, owner operators
What does it tell me?
Gross Domestic Product (GDP) is the total value of goods and services produced in a period. GDP is one of the most commonly used macroeconomic indicators in measuring the economic well being of the U.S. A country is said to be in a recession when it experiences 2 consecutive quarters of negative GDP growth. i.e. If the GDP was -1% in 2 consecutive quarters that would be a sign of a recession.
Example: A user wants to see the quarterly change in GDP from 1st Q 2018 and 2nd Q 2018. They would enter RGDPQ.USA.