Us Gdp Growth Q1 2024. Gdp growth rate for 2022 was 1.94%, a 3.86% decline from 2021. A sharp increase in imports, which subtracts from gdp, contributed to the slowdown in growth from the fourth quarter, shaving off nearly an entire percentage point.

Economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly personal consumption expenditure inflation component suggested. Economy expanded at 1.3% pace versus initial estimate of 1.6%;