Statement from U.S. Commerce Secretary Gary Locke on the Advance Estimate of GDP in the Fourth Quarter of 2010

The following press release was published by the U.S. Department of Commerce on Jan. 28, 2011. It is reproduced in full below.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the fourth quarter of 2010. Real GDP grew at a 3.2 percent annual rate in the fourth quarter, up from a third quarter growth rate of 2.6 percent. Real GDP increased 2.9 percent for the full year of 2010 over 2009. This follows a decline of 2.6 percent in 2009, reflecting the largest change in year-to-year growth since 1983.

Source: U.S. Department of Commerce