Real gross domestic product increased at a seasonally adjusted annual rate of 2.2% in the fourth quarter, the U.S. BEA published this morning. This was the second estimate for Q4, and is a decrease from the initial estimate of a 2.6% annualized growth rate. The GDP growth rate in Q3 was 5.0% annualized.

Components of GDP by their contributions to GDP growth in Q4:

- Personal consumption expenditures: +2.83%
- Private investment: +0.84%
- Net Exports: -1.15%
- Government Consumption: -0.32%

Nominal GDP was at an annualized $17.7013 trillion in Q4, while real (inflation adjusted, 2009 chained) GDP was $16.2937 trillion.

Real GDP was up 2.4% from Q4 2013.