US Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate)

30 March 2023

US real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. The increase in real GDP primarily reflected increases in private inventory investment, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending that were partly offset by decreases in residential fixed investment and exports. Real GDP increased 2.1 percent in 2022, compared with an increase of 5.9 percent in 2021.
Source:  U.S Bureau of Economic Analysis
Post by: Republic of Türkiye Ministry of Trade