by Calculated Risk on 3/25/2011 08:52:00 AM

From the BEA: Gross Domestic Product, 4th quarter 2010 (third estimate)

Real GDP growth was revised up to 3.1% in Q4 2010, up from the 2nd estimate of 2.8%. The upward revision came mostly from changes in private inventories; in the 3rd estimate, changes in private inventories subtracted 3.42 percentage points from growth, compared to 3.7 percentage points in the previous estimate.

Click on graph for larger image in graph gallery.

This graph shows the quarterly GDP growth (at an annual rate) for the last 30 years. The current quarter is in blue.

The dashed line is the median growth rate of 3.05%. The last quarter was around trend growth - disappointing with all the slack in the economy.