Gross Domestic Product, Fourth Quarter and Year 2022 (Advance Estimate)

Q4 2022 (Adv)
+2.9%
Q3 2022 (3rd)
+3.2%

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

  • Current release: January 26, 2023
  • Next release: February 23, 2023

What is Gross Domestic Product?

A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them). Changes in GDP are the most popular indicator of the nation's overall economic health.

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