Friday, December 20, 2013

GDP up 6.2%

" Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 6.2 percent, or $251.9 billion, in the third quarter to a level of $16,912.9 billion."
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

The 6.2% is an annualized rate, and includes inflation of 1.8%.  Without inflation, the real annualized GDP rate increased at an annual rate of 4.1%.  The bigger GDP makes the debt-to-GDP ratio smaller.

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