U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth as investment fell on inventory declines.

Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.

The dollar was edging higher against a basket of currencies, recovering modestly after falls the previous day following weak U.S. gross domestic product data. Markets turn cautious ahead of possible announcements by President Trump on tariffs,

Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023. However, the agency said Friday its preliminary estimate for December pointed to an increase of 0.

Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, nominal GDP might look stronger even though people aren’t buying more.

The tourism industry regained its 5 per cent contribution to the gross domestic product (GDP) in FY23, the Economic Survey 2024-2025 stated.

Canada's economy contracted more than expected in November, as activity across a majority of sectors shrank due to work stoppages across inland transportation and at ports, Statistics Canada said on Friday.

OTTAWA - Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023.

Canada's gross domestic product contracted by 0.2 per cent in November, more than expected and the largest monthly contraction since December 2023, Statistics Canada says.

Change in gross domestic product over time is perhaps the most comprehensive and widely cited indicator of overall economic health for any country or region. And by this measure, the U.S. has outperformed many of its peers on the world stage in recent years.