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 (Third Estimate), GDP by Industry, and Corporate Profits
Sections
Publication sections
Key points
The price index for gross domestic purchases increased 2.2 percent in the reported quarter, revised down 0.1 percentage point from the previous estimate. Real gross domestic income (GDI) increased 3.0 percent in 2024, compared with an increase of 1.7 percent in 2023. The Bureau of Economic Analysis reported in the latest update.
Real gross output increased 1.7 percent in the reported quarter, reflecting an increase of 0.3 percent for private goods-producing industries, an increase of 2.0 percent for private services-producing industries, and an increase of 3.1 percent for government. The release states in the latest update.
Real gross domestic income (GDI) increased 4.5 percent in the reported quarter compared with an increase of 1.4 percent in the reported quarter. According to the official release in the latest update.
Excluding food and energy prices, the PCE price index increased 2.6 percent, revised down 0.1 percentage point from the previous estimate. The data show in the latest update.
From an industry perspective, the increase in real GDP reflected an increase of 2.3 percent in real value added for private goods-producing industries, an increase of 2.4 percent for private services-producing industries, and an increase of 2.7 percent for government. This update indicates in the latest update.
From an industry perspective in 2024, private goods-producing industries increased 3.4 percent, private services-producing industries increased 2.8 percent, and government increased 1.9 percent. The Bureau of Economic Analysis reported in the latest update.
The personal consumption expenditures (PCE) price index increased 2.4 percent, the same as previously estimated. The release states 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. According to the official release in the latest update.
In the reported quarter, real GDP increased 3.1 percent. The data show in the latest update.
The PCE price index increased 2.5 percent and the PCE price index excluding food and energy prices increased 2.8 percent, both the same as previously estimated. This update indicates in the latest update.
The price index for gross domestic purchases increased 2.4 percent in 2024, the same as previously estimated. The Bureau of Economic Analysis reported in the latest update.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| The price index for gross domestic purchases increased 2.2 percent in the reported quarter, revised down 0.1 percentage point from the previous estimate. | 2.2 | percent | — |
| Real gross domestic income (GDI) increased 3.0 percent in 2024, compared with an increase of 1.7 percent in 2023. | 3 | percent | — |
| Real gross output increased 1.7 percent in the reported quarter, reflecting an increase of 0.3 percent for private goods-producing industries, an increase of 2.0 percent for private services-producing industries, and an increase of 3.1 percent for government. | 1.7 | percent | — |
| Real gross domestic income (GDI) increased 4.5 percent in the reported quarter compared with an increase of 1.4 percent in the reported quarter. | 4.5 | percent | — |
| Excluding food and energy prices, the PCE price index increased 2.6 percent, revised down 0.1 percentage point from the previous estimate. | 2.6 | percent | — |
| From an industry perspective, the increase in real GDP reflected an increase of 2.3 percent in real value added for private goods-producing industries, an increase of 2.4 percent for private services-producing industries, and an increase of 2.7 percent for government. | 2.3 | percent | — |
| From an industry perspective in 2024, private goods-producing industries increased 3.4 percent, private services-producing industries increased 2.8 percent, and government increased 1.9 percent. | 3.4 | percent | — |
| The personal consumption expenditures (PCE) price index increased 2.4 percent, the same as previously estimated. | 2.4 | 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.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none