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Bureau of Economic Analysis: Gross Domestic Product, First Quarter 2019 (Advance Estimate)

April 26, 2019

The U.S. Economy Grew at a 3.2 Percent Annualized Rate in the First Quarter of 2019, states a preliminary estimate

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019,  according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent.

Current-dollar GDP increased 3.8 percent, or $197.6 billion, in the first quarter to a level of $21.06
trillion. In the fourth quarter, current-dollar GDP increased 4.1 percent, or $206.9 billion. The price index for gross domestic purchases increased 0.8 percent in the first quarter, compared with an increase of 1.7 percent in the fourth quarter.

Author
Joe Barnett is a research fellow and managing editor of Budget & Tax News, a publication of The Heartland Institute
jbarnett@heartland.org