2019 Fourth Quarter GDP Increased 2.1 Percent

Published by Matt Fishman on

“Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019”, the Bureau of Economic Analysis reported today. The increase in fourth quarter GDP “reflected positive contributions from personal consumption expenditures (PCE), federal government spending, state and local government spending, residential fixed investment, and exports”, offsetting “negative contributions from private inventory investment and nonresidential fixed investment.”

On the full year 2019, Real GDP “increased 2.3 percent in 2019”, “compared with an increase of 2.9 percent in 2018”.