This morning, the government released its final estimate on GDP growth for 2011. In the fourth quarter, real gross domestic product grew at an annual rate of 3.0 percent, and for the entire year, growth was up 1.7 percent compared to 2010. Real GDP has now been on the rise for ten straight quarters, following record dips in 2008 and 2009.
The report breaks down economic output into its component parts, three of which are highlighted in the interactive above.
Both personal consumption and investment in software and equipment have enjoyed steady growth since the recession ended. Residential investment, by far the hardest hit, is still experiencing ups and downs. This quarter marks the first time since mid-2010 that quarterly growth has reached the 3 percent mark.
About the Data
The Bureau of Economic Analysis provides current and historical data on gross domestic product and its components. The most current news release can be found here.