GDP Rose at 2.3% Annual Rate in Q4
Washington, DC, January 30, 2025-Real gross domestic product (GDP) increased at an annual rate of 2.3% in Q4 2024, according to the advance estimate.
In Q3, real GDP increased 3.1%.
The increase in real GDP in Q4 primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.