National Income and Product Accounts Gross Domestic Product: Fourth Quarter and Annual 2014 (Second Estimate)

Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 2.2 percent in the fourth quarter of 2014, according to the “second” estimate released by the Bureau of Economic Analysis.  In the third quarter, real GDP increased 5.0 percent.