GDP Revised Up to 4.1% from 4.0% in Q4 2020
Washington, DC, February 25, 2021-Real gross domestic product (GDP) increased at an annual rate of 4.1% in Q4 2020, according to the second estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 33.4%.
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 4.0%. With the second estimate, upward revisions to residential fixed investment, private inventory investment, and state and local government spending were partly offset by a downward revision to personal consumption expenditures.