Q4 2019 GDP Held Steady at 2.1% in Second Estimate
Washington, DC, February 27, 2020-Real gross domestic product (GDP) increased at an annual rate of 2.1% in Q4 2019, according to the second estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1%.
The GDP estimate released today is based on more complete source data than were available for the advance estimate issued last month. In the advance estimate, the increase in real GDP was also 2.1%. In the second estimate, an upward revision to private inventory investment was offset by a downward revision to nonresidential fixed investment.