First Quarter Gdp 2024. On february 27, the gdpnow model estimate for real gdp growth in the first quarter of 2024 is 3.2 percent, up from 2.9 percent on february 16. Real gross domestic product increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the “second” estimate.
An alternative measure of economic growth, based on income rather than spending, cooled to 1.5 percent in the first quarter, from 3.6 percent at the end of 2023. Real gross domestic product increased at an annual rate of 1.4 percent in the first quarter of 2024, according to the “third” estimate.