US GDP Grew by 2.3 Percent in 4th Quarter

Overall 2024 GDP growth was at 2.8 percent, a lower growth rate compared with 2023.

Workers weld a chassis at a factory in Riverside, Calif., on Sept. 23, 2005. David McNew/Getty Images

The U.S. economy registered growth in the fourth quarter of 2024, but the pace had decelerated amid a decline in exports and investments, according to the second GDP estimate released by the U.S. Bureau of Economic Analysis (BEA).

GDP increased at an annual rate of 2.3 percent in the fourth quarter of 2024, the agency said in a Feb. 27 statement. This is lower than the 3.1 percent GDP growth seen in the third quarter and is the lowest growth level of the past three quarters.