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The Bureau of Economic Analysis's advance estimate of fourth quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 3.3% during the period, faster than consensus ...
The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 4.1% rate last quarter after advancing at a 3.4% pace in ...
The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
From the fourth quarter of 2022 through the fourth quarter of 2023, the economy grew 3.1%, blowing away economists' estimates for a 0.1% contraction back in December 2022.
The fourth-quarter GDP numbers were revised down from the 3.3% pace Commerce initially reported last month. Consumer spending, which accounts for about 70% of U.S. economic activity, grew at a 3% ...
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
Consumer spending, which accounts for about two-thirds of the US economy, grew at a healthy 2.8% rate in the fourth quarter, a slightly softer pace than the 3.1% rate in the prior three-month period.
While the preliminary fourth-quarter reading reflects a slowdown from 3.2% in the prior period, the rise in GDP rounds out a year of healthy growth after the economy contracted in each of the ...