Real gross domestic product increased at a seasonally adjusted annual rate of 5.0% in the third quarter, the U.S. BEA published this morning. This was the third estimate for Q3, and is an upward revision from the second estimate of a 3.9% growth rate. GDP grew at a rate of 4.6% in Q2.

Components of GDP by their contributions to GDP growth in Q3:

- Personal consumption expenditures: +2.21%
- Private investment: +1.18%
- Net Exports: +0.78%
- Government Consumption: +0.80%

Nominal GDP was at an annualized $17.5998 trillion in Q3, while real (inflation adjusted, 2009 chained) GDP was $16.2056 trillion.

Real GDP is up 2.7% from Q3 2013.