Noel Lenette

Us Gdp Growth Third Quarter 2024. Real gdp grew at a 2.2% annual rate in the first half of this year, and the average of several real time running estimates of gdp is tracking 2.5% growth for the third quarter. Real gross domestic product (gdp) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “advance” estimate.

Consumer spending makes up about 70% of economic activity. Gross domestic product increased at a 2.8% annual rate in the third quarter, adjusted for seasonality and inflation, the commerce department said wednesday.