Us Gdp Growth 3rd Quarter 2024. Consumer spending makes up about 70% of economic activity. The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.6 percent on november 19, up from 2.5 percent on november 15.

The gross domestic product (gdp) in the united states expanded 3 percent in the second quarter of 2024 over the previous quarter. This means the economy is still growing healthily — even if it was weaker than.