Q4 GDP Estimate Increased Slightly to 2.4% in Third Estimate

Washington, DC, March 27, 2025-Real gross domestic product (GDP) increased at an annual rate of 2.4% in Q4 2024 (October, November, and December), according to the third estimate released by the U.S. Bureau of Economic Analysis. 

In Q3, real GDP increased 3.1%.

In the second estimate, the GDP estimate was 2.3%. 

The increase in real GDP in the fourth quarter 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.