Us Economy Growth Rate 2024. Economy continued its recent strong stretch this summer, bolstered by hefty consumer and government spending. Commerce department’s bureau of economic analysis (bea) reported fourth quarter real gross domestic product (gdp).
The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.5 percent on. Gross domestic product increased at a 2.8% annualized rate in the third quarter, below the 3.1%.