Current Us Gdp 2024. Real gdp grew at a 2.2% annual rate in the first half of this year, and the average of several real time running estimates of gdp is tracking 2.5% growth for the third quarter. Revenues remain near that level through 2034.

We expect real gdp growth to walk the line between a slight expansion and contraction for much of next year, also known as a soft landing. 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.