Breaking: US GDP grew 6.9% in Q4; overall GDP now at $24T

[F-22Raptor]

Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3 percent.

Current‑dollar GDP increased 14.3 percent at an annual rate, or $790.1 billion, in the fourth quarter to a level of $23.99 trillion. In the third quarter, GDP increased 8.4 percent, or $461.3 billion (table 1 and table 3).

https://www.bea.gov/news/2022/gross-domestic-product-fourth-quarter-and-year-2021-advance-estimate

 

[nang2]

And after the inflation adjustment, how much is still there?

 

[hualushui]

$23.99 trillion

Current-dollar GDP increased 10.0 percent, or $2.10 trillion, in 2021 to a level of $22.99 trillion, in contrast to a decrease of 2.2 percent, or $478.9 billion, in 2020 (tables 1 and 3).