The goal is practical. Journalists, students, and civic readers will find a step by step method, guidance on handling partial terms and business cycle context, and a short checklist to use before publishing any presidential GDP ranking.
Quick answer for readers searching us economy news today
Short answer, with method caveats: there is no single uncontested ranking, because results depend on data source and calculation method, according to methodological guidance from Brookings and the Congressional Research Service, which recommend transparent choices and caution against causal claims. Brookings Institution guidance (see BEA methodologies)
For reproducible comparisons, analysts generally use the Bureau of Economic Analysis real GDP series and the FRED GDPC1 time series as the downloadable source to compute chained dollar growth, which is the standard approach for cross administration measures. BEA GDP tables
Why data source and method choice matter for us economy news today
Analysts start with BEA chained dollar real GDP because it is the official series for inflation adjusted output, and many use the FRED GDPC1 series for convenient downloads and scripted calculations. FRED GDPC1 series
Three methodological levers routinely change rankings, and they should be stated up front: whether you use calendar year averages or exact presidential term dates, whether you measure annual percent change or annualized quarterly change, and how you treat partial first or last years. These choices can alter which administration appears highest on a list, as noted in news interactives and methodological reviews. The New York Times interactive
Because different studies choose different endpoints and periodicity, reproducibility requires publishing the exact BEA series name, the date range, and the formula used to compute percent changes. Stating those items lets other researchers replicate or test alternative choices. BEA GDP tables
A step-by-step method to calculate presidential-term GDP growth
Step 1, select the series. Use the BEA real GDP chained dollar series and, for scripting or spreadsheet downloads, use the FRED GDPC1 time series as a primary download source. BEA real GDP
Step 2, define term endpoints clearly. Decide whether you measure full presidential terms from inauguration day to the next inauguration day, or whether you prefer calendar years. Document the choice and the exact start and end dates in your source table.
There is no single uncontested answer; rankings depend on data series and methodological choices. Use BEA real GDP and FRED GDPC1, document exact dates and formulas, and publish reproducible source files to allow comparisons.
Step 3, extract GDP levels for the chosen dates and compute percent changes. For annual percent change use year over year percent change of the BEA chained dollar levels. For an annualized quarterly approach, compute the annualized rate from the quarterly series and then average across quarters within the term. FRED GDPC1 series
Step 4, average across the term. If you are reporting an average annual growth rate for a full term, compute the geometric average of year over year growth rates or compute the compound annual growth rate from start and end levels and report which method you used in the notes.
Step 5, treat partial years consistently. If a president served part of a year, choose a transparent rule, such as using exact term dates and reporting days adjusted or reporting only full years with a clear note. Explain that different choices can move a president up or down a ranking.
Handling partial terms and business-cycle effects
Business cycle timing matters because recessions or expansions that overlap a presidency can strongly affect term averages, and good practice is to show NBER business cycle shading alongside GDP series when publishing rankings. NBER business cycle dates (or consult GDPNow)
Common approaches to partial terms include prorating growth for fractions of a year, using exact term start and end dates, or restricting the sample to full calendar years. Each choice has tradeoffs, and analysts should list the approach and its rationale.
Overlaying NBER dates helps readers see whether growth occurred during an expansion or recovery phase, and that context reduces the chance of overstating the importance of short term moves in GDP that coincide with term boundaries.
Common methodological choices, visualization options and a tool to reproduce results
Some methodological choices produce the largest ranking shifts: calendar year averaging versus term based endpoints, and annual versus quarterly measures. When those choices change the top listed presidents, publish both versions so readers can compare. Brookings Institution guidance (see explaining two measures)
Visualization standards help. Recommended formats include a source table with the BEA or FRED level, the exact date range, and the formula used for each row, plus a chart that plots levels with NBER shading for context. FRED GDPC1 series
Minimal reproducibility checklist for a ranking
Publish CSV and script
Provide a downloadable spreadsheet or script alongside any published ranking so readers can rerun calculations and test alternative choices on the news page.
What rankings look like under different transparent choices
To show sensitivity, publish at least two ranking versions: a term average that uses exact presidential term dates, and a calendar year average that uses full years. Each table should include the same set of source columns so readers can see why orders differ. The New York Times interactive
Hypothetical examples illustrate the point without asserting a single truth. For instance, a president who takes office during a recovery may show high average growth over the term if the sample starts in a trough, while the same calendar years could show lower ranks if a recession occupies the end of the interval. Present these as scenarios, not causal attributions.
When presenting multiple versions side by side, label each table clearly with series name, date accessed, and calculation formula so a reader can determine which version aligns with their analytic preference. BEA GDP tables
Interpreting rankings carefully and a short reader call to action
GDP rankings are a starting point, not a conclusion. The Congressional Research Service and Brookings both state that GDP outcomes alone do not establish presidential causal responsibility and recommend accompanying indicators and counterfactual analysis. Congressional Research Service guidance
Complementary indicators to report alongside GDP include the unemployment rate, inflation, and labor force participation. Showing these series gives readers more context for how economic conditions evolved during a term.
Access the reproducible files and methods appendix
Download the reproducible source files or the methods appendix to rerun the calculations and test alternative endpoint choices.
Practical example: building a reproducible calculation with BEA and FRED
Start with the BEA series name and the FRED GDPC1 URL in your sources table so readers can retrieve the same levels you used. BEA real GDP
Recommended CSV columns include: president, start date, end date, GDP level at start, GDP level at end, percent change formula, notes on partial years, and a link to the script that computed the change. This makes the file self contained and machine readable.
Include NBER business cycle overlays or a separate NBER dates table so readers can see whether growth occurred during an expansion or a recovery. State the date you accessed each dataset in your caption. NBER business cycle dates
When you publish the spreadsheet, include one sample calculation row with explicit formulas so journalists and students can confirm they are replicating the arithmetic correctly, and publish the file on your site.
Common reporting pitfalls and how to avoid them
Do not omit the date range, series name, or formula; omission makes results irreproducible and invites misinterpretation. Always show the BEA series name and the FRED series ID in the source notes. BEA GDP tables
Avoid causal language that attributes GDP changes directly to a president without additional analysis. Preferred phrasing uses attribution such as according to BEA data and notes that the outcome does not, by itself, establish presidential cause. CRS guidance
Do not present a partial term snapshot as if it were a full term. If space is limited, publish both the calendar year and term based versions in an appendix or online supplement so interested readers can see the differences.
How to present methods, tables and charts transparently
Caption standards should include the series name, the source, the date accessed, and the calculation formula used for the chart or table. That single line of metadata makes the visual auditable and reusable. FRED GDPC1 series
Provide downloadable CSVs or script files and offer a short note explaining how to run the script. Machine readable formats let researchers test alternative endpoints without retyping numbers.
When using charts, include NBER shading or a separate NBER dates table for context so a reader can quickly see how business cycle phases align with the term. NBER business cycle dates
A short reproducibility checklist for journalists and students
Minimum items to publish with any ranking are: BEA series name, FRED series ID, date range, calculation formula, and a link to the reproducible file. These five items let others rerun your numbers and test alternatives. BEA GDP tables
Template attribution phrasing to include with tables: according to BEA data accessed on [date], calculations performed using FRED GDPC1, and the formula used is [formula]. This phrasing gives readers the primary lines to check. (see about page)
Further reading and primary sources
Consult the BEA real GDP pages and the FRED GDPC1 series for raw levels and updates, and check NBER for business cycle dates when adding context. FRED GDPC1 series
For methodological discussions, see the Brookings guidance, the NYT interactive that explores sensitivity to choices, and the CRS note on measuring presidential economic indicators. These explain why ranking results vary with method. Brookings Institution guidance
Conclusion: a cautious, reproducible answer for readers searching us economy news today
Key takeaway, briefly: rankings depend on method and data source, and the recommended reproducible approach uses BEA chained dollar levels with exact date ranges and documented formulas. BEA GDP tables
Remember that GDP outcomes do not alone establish presidential causation, and readers should consult complementary indicators and the reproducible files to test alternative assumptions. CRS guidance
Analysts use BEA real GDP levels and often download the FRED GDPC1 series, then compute term based or calendar year percent changes and document their formulas.
No, GDP rankings alone do not establish causal responsibility; analysts warn that complementary indicators and counterfactual analysis are needed to make causal claims.
Primary sources are the BEA real GDP pages, the FRED GDPC1 series, and NBER business cycle dates, which you should cite and date when you download them.
The article aims to make reporting clearer and more auditable, not to settle debates about cause. For causal claims, consult policy studies that combine multiple indicators and counterfactual methods.
References
- https://www.brookings.edu/research/measuring-presidential-economic-performance/
- https://www.bea.gov/resources/methodologies
- https://www.bea.gov/data/gdp/gross-domestic-product
- https://michaelcarbonara.com/contact/
- https://fred.stlouisfed.org/series/GDPC1
- https://www.nytimes.com/interactive/2024/upshot/presidential-economy.html
- https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
- https://www.stlouisfed.org/on-the-economy/2025/feb/how-did-us-economy-do-last-year-two-measures-gdp-growth
- https://www.atlantafed.org/cqer/research/gdpnow
- https://michaelcarbonara.com/news/
- https://michaelcarbonara.com/
- https://michaelcarbonara.com/about/
- https://crsreports.congress.gov/product/pdf/LSB/LSB10367
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