Four Measures of Output: GDP, GDI, GDO, GDP+
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As of the 2026Q1 3rd release:
Figure 1: GDP (bold black), GDI (red), GDO (blue), GDP+ growth iterated on 2022Q2 GDP (green), all in bn.Ch.2017$ SAAR. Source: BEA 2026Q1 3rd release, Philadelphia Fed, and author’s calculations.
GDO is growing more slowly than GDP (1.4% vs. 1.6% q/q AR; 2.4% vs. 2.5% y/y).
Figure 1: GDP (bold black), GDI (red), GDO (blue), GDP+ growth iterated on 2022Q2 GDP (green), all in bn.Ch.2017$ SAAR. Source: BEA 2026Q1 3rd release, Philadelphia Fed, and author’s calculations.
GDO is growing more slowly than GDP (1.4% vs. 1.6% q/q AR; 2.4% vs. 2.5% y/y).
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