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Today's Date:
Friday, September 25, 2020
LPL Financial Logo
Today's Date:
Friday, September 25, 2020
Home of the Retirement Geeks

September 2, 2014

Data Dilemma: When Final Isn’t Final

August 25, 2014

Revisions to GDP don’t often change the overall picture of the health, or lack thereof, of the economy.

Despite cutbacks to congressional funding of data collection at the federal level in recent years, the GDP data are a lot more accurate than they used to be.

About every five years, the BEA does a “comprehensive revision” to GDP, and at that point, GDP for any specific quarter is just about as final as it will get, as the BEA has 98% of the data it needs to calculate GDP.

Download the full-version of Data Dilemma: When Final Isn't Final: Click here to download (PDF). 

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