Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the fourth quarter of 2024, and the full-year reading on GDP:
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Previous quarter: +3.1%
The yellow-highlighted percentage represents the first estimate of the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.
The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."
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CHART: Contributions to real GDP
by Industry Group - Q4, 2024
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Previous quarter: +3.1%
- Actual: +2.4%
- >>>> Full Year: +2.8%
The yellow-highlighted percentage represents the first estimate of the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.
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The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."
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by Industry Group - Q4, 2024
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