Real GDP up 5.3%, Q1 results reveal positive contributions
26 May '06
3 min read
Real gross national product -- the goods and services produced by the labor and property supplied by U.S. residents -- increased 5.2 percent in the first quarter, compared with an increase of 0.7 percent in the fourth. GNP includes, and GDP excludes, net receipts of income from the rest of the world, which decreased $3.1 billion in the first quarter after decreasing $25.6 billion in the fourth; in the first quarter, receipts increased $28.1 billion, and payments increased $31.2 billion.
Current-dollar GDP Current-dollar GDP - the market value of the nation's output of goods and services – increased 8.8 percent, or $271.3 billion, in the first quarter to a level of $13,037.4 billion. In the fourth quarter, current-dollar GDP increased 5.2 percent, or $160.4 billion.