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GDP and the Economy Advance Estimates for the Fourth Quarter of 2010

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Bureau of Economic Analysis, GDP and the Economy Advance Estimates for the Fourth Quarter of 2010

  • “Real Gross domestic product (GDP) increased 3.2 percent at an annual rate in the fourth quarter of 2010, according to the advance estimates of the national income and product accounts (NIPAs). In the third quarter, real GDP increased 2.6 percent. For the year 2010, real GDP increased 2.9 percent after decreasing 2.6 percent in 2009 The acceleration in real GDP in the fourth quarter primarily reflected a sharp downturn in imports, an acceleration in consumer spending, and an upturn in residential fixed investment that were partly offset by downturns in inventory investment and in federal government spending and a deceleration in nonresidential fixed investment.”
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