SPY & Gross Domestic Product
The total monetary value of all goods and services produced within a country's borders in a specific time period.
SPY Price
Real GDP Growth Rate
What It Measures
GDP measures the total economic output of the United States. It is calculated using the expenditure approach: **GDP = C + I + G + (X - M)** Where: - **C** = Consumer spending (~68% of GDP) - **I** = Business investment (~18%) - **G** = Government spending (~17%) - **X - M** = Net exports (typically negative for the U.S.) Real GDP adjusts for inflation to show actual economic growth.
Why It Matters
**Definitive Growth Measure**: GDP is the broadest measure of economic activity and the official arbiter of recessions. **Recession Definition**: Two consecutive quarters of negative GDP growth is commonly (though not officially) considered a recession. **Policy Benchmark**: Fiscal and monetary policy aim to support sustainable GDP growth. **Global Comparisons**: Allows comparison of economic output across countries.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
GDP: A191RL1Q225SBEA - Gross Domestic Product from U.S. Bureau of Economic Analysis
Units: Percent Change (SAAR), Seasonally Adjusted Annual Rate, Quarterly