The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
September 26, 2024US GDP 2024 Q2 (THIRD ESTIMATE) 
The Bureau of Economic Analysis released the third estimates of Q2 2024 US Real Gross Domestic Product (GDP).
US real GDP growth was estimated at 3.0% (seasonally adjusted annualized rate) in Q2 2024 in the third estimate.
This was the same growth as in the second estimate. Upward revisions in private inventory investment and federal government spending were offset by downward revisions to non-residential fixed investment and exports as well as upward revisions to imports.
The increase in real GDP was supported by increases in consumer spending (+2.8%), exports (+1.0%), state and local government spending (+2.3%), non-residential investment (+3.9%), defence spending (+6.4%), and federal government (nondefence) spending (+1.5%). These gains were partially offset by lower residential fixed investment (-2.8%) as well as greater imports (+7.6%), which are subtracted in the GDP calculation.
Current-dollar GDP growth was 5.6% (annualized rate) following an 4.7% current-dollar GDP increase in Q1 2024.
Private inventory investment was estimated at $69.0 billion net accumulation.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
<--- Return to Archive
