Posted March 30, 2017

Real GDP up 2.1 percent in 4Q

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2016.

In the third quarter of 2016, real GDP increased 3.5 percent, according to by the Bureau of Economic Analysis.

The GDP estimate released today is based on more complete source data than were available for the estimate issued last month. In that estimate, the increase in real GDP was 1.9 percent.

With this third estimate for the fourth quarter, the general picture of economic growth remains largely the same; personal consumption expenditures (PCE) increased more than previously estimated.