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February 27, 2015US GDP Q4 AND ANNUAL 2014 (SECOND ESTIMATE) US GDP growth for the fourth quarter was revised down to 2.2 per cent from the advance estimate of 2.6 per cent released last month. Compared with previous estimates, private inventory investment increased less than previously estimated, while nonresidential fixed investment increased more.
As in the advance estimate, fourth quarter US GDP deceleration is primarily attributable to an increase in imports.
US Annual GDP 2014
US Real GDP increased 2.4 per cent in 2014, compared with an increase of 2.2 percent in 2013. Most consumption and investment categories contributed to GDP growth, though there were offsetting increases in real imports. There were notable gains in non-residential investments and personal consumption expenditures as well as a slower declinein Federal government spending.
Current-dollar (nominal) GDP increased 3.9 percent in 2014.
Source: US Bureau of Economic Analysis