Q4 GDP Revised Down Slightly to 6.9% in Third Estimate

Washington, DC, March 30, 2022-Real gross domestic product (GDP) increased at an annual rate of 6.9% in Q4 2021, according to the third estimate released by the Bureau of Economic Analysis.

In Q3, real GDP increased 2.3%.

The third estimate of GDP 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 7.0%. The downward revision primarily reflected downward revisions to personal consumption expenditures and exports that were partly offset by an upward revision to private inventory investment.