Q4 GDP Revised Up to 4.3% in Third Estimate

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Q4 GDP Revised Up to 4.3% in Third Estimate

Washington, DC, March 25, 2021-Real gross domestic product (GDP) increased at an annual rate of 4.3% in Q4 2021, according to the third estimate released by the Bureau of Economic Analysis. 

In Q3, real GDP increased 33.4%.

The third estimate of GDP 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 4.1%. The upward revision primarily reflected an upward revision to private inventory investment that was partly offset by a downward revision to nonresidential fixed investment.