Q4 GDP Holds at 2.1% in Third Estimate
Washington, DC, March 26, 2020-- Real gross domestic product (GDP) increased at an annual rate of 2.1% in Q4 2019, according to the third estimate released by the Bureau of Economic Analysis.
In Q3, real GDP also increased 2.1%.
The GDP estimate released today is based on more complete source data than were available for the second estimate issued last month. In the second estimate, the increase in real GDP was also 2.1%. In the third estimate, an upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment.