4th quarter 2011 real GDP increased at an annual rate of 2.8%. This comes from an increase in private investments and a decrease in federal, state, and local spending along with an increased trade deficit. In other words, private spending is up, government spending is down, and imports are up. Real GDP increased $90.8 billion to $13.4 trillion and nominal GDP increased $118.2 billion to $15.3 trillion. For more information, see our GDP Report.
–From the St. Louis Federal Reserve and the Bureau of Economic Analysis