US economy grew 6.4% in Q1; overall GDP now at $22 trillion

[F-22Raptor]

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent.

Current‑dollar GDP increased 10.7 percent, or $554.2 billion, in the first quarter to a level of $22.05 trillion.

https://www.bea.gov/news/2021/gross-domestic-product-first-quarter-2021-advance-estimate

 

[F-22Raptor]

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent.

Current‑dollar GDP increased 10.7 percent, or $554.2 billion, in the first quarter to a level of $22.05 trillion.

https://www.bea.gov/news/2021/gross-domestic-product-first-quarter-2021-advance-estimate

Q1 is normally the weakest quarter. Big year ahead for the US economy!

 

[hualushui]

The United States’ algorithm is different from China’s. The United States calculates the annualized growth rate from the previous quarter. The first quarter GDP announced by the United States is about 5.37 trillion U.S. dollars. If calculated according to China’s national algorithm, the year-on-year growth rate is 0.4%.
By the way, China’s first quarter growth rate was 18.3%

 

[FairAndUnbiased]

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent.

Current‑dollar GDP increased 10.7 percent, or $554.2 billion, in the first quarter to a level of $22.05 trillion.

https://www.bea.gov/news/2021/gross-domestic-product-first-quarter-2021-advance-estimate

Are you telling me US printed 1.9 trillion USD from thin air yet only received 0.5 trillion USD of GDP increase?

Where did 1.4 trillion go??? Where is congressional budget office??? These are YOUR taxes, present and future.