Q4 GDP Rose by 2.3%, According to Second Estimate

Washington, DC, February 27, 2025-Real gross domestic product (GDP) increased at an annual rate of 2.3% in Q4 2024, according to the second estimate from the Bureau of Economic Analysis. This is the same as the first Q4 GDP estimate, which was released in January.

In Q3, real GDP increased 3.1%. 

The increase in real GDP in Q4 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.