Official Publication Edition · GDP
Source-grounded publication
growth update
A deterministic draft grounded in the retained evidence bundle.
Source
Gross Domestic Product, 4th Quarter and Year 2024 (Advance Estimate)
Sections
Publication sections
Key points
Excluding food and energy prices, the PCE price index increased 2.5 percent, compared with an increase of 2.2 percent. In the reported quarter, real GDP increased 3.1 percent. The Bureau of Economic Analysis reported in the latest update.
Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate 1 ), primarily reflecting increases in both consumer and government spending. The release states in the latest update.
The price index for gross domestic purchases increased 2.2 percent in the reported quarter, compared with an increase of 1.9 percent in the reported quarter. According to the official release in the latest update.
The personal consumption expenditures (PCE) price index increased 2.3 percent, compared with an increase of 1.5 percent. The data show in the latest update.
The price index for gross domestic purchases increased 2.3 percent in 2024, compared with an increase of 3.3 percent in 2023. This update indicates in the latest update.
Excluding food and energy prices, the PCE price index increased 2.8 percent, compared with an increase of 4.1 percent. The Bureau of Economic Analysis reported in the latest update.
Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), compared with an increase of 2.9 percent in 2023. The release states in the latest update.
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the reported quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. According to the official release in the latest update.
The PCE price index increased 2.5 percent, compared with an increase of 3.8 percent. The data show in the latest update.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Excluding food and energy prices, the PCE price index increased 2.5 percent, compared with an increase of 2.2 percent. | 2.5 | percent | — |
| In the reported quarter, real GDP increased 3.1 percent. | 3.1 | percent | — |
| Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate 1 ), primarily reflecting increases in both consumer and government spending. | 2.3 | percent | — |
| The price index for gross domestic purchases increased 2.2 percent in the reported quarter, compared with an increase of 1.9 percent in the reported quarter. | 2.2 | percent | — |
| The personal consumption expenditures (PCE) price index increased 2.3 percent, compared with an increase of 1.5 percent. | 2.3 | percent | — |
| The price index for gross domestic purchases increased 2.3 percent in 2024, compared with an increase of 3.3 percent in 2023. | 2.3 | percent | — |
| Excluding food and energy prices, the PCE price index increased 2.8 percent, compared with an increase of 4.1 percent. | 2.8 | percent | — |
| Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), compared with an increase of 2.9 percent in 2023. | 2.8 | percent | — |
Source and methodology
The retained source text supplies the statements used throughout this report, and the linked release remains the reference for definitions and contextual detail. The retained text provides the scope and terminology used across this report. Each factual passage stays attached to the evidence reference supplied by the source. The article groups related statements so readers can follow the published narrative.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none