The US: GDP Growth 4Q23

The United States:  GDP Growth 4Q23

Impact of Sustained-Spending and Net Export

GDP in the 4Q at the Rate  of 3.3%Change from the Preceding Quarter

The United States of America (US) Real gross domestic product (GDP) increased at an annual rate of 3.3% in the fourth quarter of 2023 (4Q23), based on the advance estimate data released by the Bureau of Economic Analysis (BEA).  In the third quarter, real GDP increased by 4.9% (in Chart 1). The increase in the 4Q23 primarily reflected increases in consumer spending for both goods and services and net exports (led by oil and financial services).

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