Q4 GDP Growth Holds at 1.9% with Second Estimate

Washington, DC, February 28, 2017—Real gross domestic product (GDP) increased at an annual rate of 1.9% in the fourth quarter of 2016, according to the second estimate released by the Bureau of Economic Analysis.

In the third quarter, real GDP increased 3.5%.

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 1.9%.

With the second estimate for the fourth quarter, the general picture of economic growth

remains the same; the increase in personal consumption expenditures was larger and increases in state and local government spending and in nonresidential fixed investment were smaller than previously estimated.