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 (Second Estimate)
Sections
Publication sections
Key points
In the reported quarter, real GDP increased 3.1 percent. The price index for gross domestic purchases increased 2.4 percent in 2024, revised up 0.1 percentage point. The Bureau of Economic Analysis reported in the latest update.
The price index for gross domestic purchases increased 2.3 percent in the reported quarter, revised up 0.1 percentage point from the previous estimate. The release states in the latest update.
Excluding food and energy prices, the PCE price index increased 2.7 percent, revised up 0.2 percentage point. According to the official release in the latest update.
Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate 1 ), an upward revision of less than 0.1 percentage point from the previous estimate, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment. The data show in the latest update.
Excluding food and energy prices, the PCE price index increased 2.8 percent, also the same as the previous estimate. This update indicates in the latest update.
The personal consumption expenditures (PCE) price index increased 2.4 percent, revised up 0.1 percentage point. 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), the same as previously estimated. The release states in the latest update.
The PCE price index increased 2.5 percent, the same as the previous estimate. According to the official release in the latest update.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| In the reported quarter, real GDP increased 3.1 percent. | 3.1 | percent | — |
| The price index for gross domestic purchases increased 2.4 percent in 2024, revised up 0.1 percentage point. | 2.4 | percent | — |
| The price index for gross domestic purchases increased 2.3 percent in the reported quarter, revised up 0.1 percentage point from the previous estimate. | 2.3 | percent | — |
| Excluding food and energy prices, the PCE price index increased 2.7 percent, revised up 0.2 percentage point. | 2.7 | percent | — |
| Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate 1 ), an upward revision of less than 0.1 percentage point from the previous estimate, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment. | 2.3 | percent | — |
| Excluding food and energy prices, the PCE price index increased 2.8 percent, also the same as the previous estimate. | 2.8 | percent | — |
| The personal consumption expenditures (PCE) price index increased 2.4 percent, revised up 0.1 percentage point. | 2.4 | percent | — |
| Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), the same as previously estimated. | 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. The wording preserves distinctions that appear in the underlying release. The source page remains available for readers who want broader methodological context. Quoted measures are presented without calculations beyond the retained material. The structure separates factual passages from connective editorial language.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none