U.S. Gross Domestic Product

Fourth Quarter 2009 GDP Rises to 5.9 Percent

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GDP figures suggest the U.S. economy is becoming increasingly export driven.

The U.S. economy grew by a whopping 5.9 percent at the end of 2009 in a volatile turnaround after beginning the year down 6.4 percent.  Manufacturing rebounded significantly, but consumer spending remains low.  U.S. GDP is $14.46 trillion.

The U.S. gross domestic product (GDP), the total value of all goods and services, reached its highest point in over six years to end 2009 at 5.9 percent, according to the second GDP quarterly estimate released earlier today by the U.S. Commerce Department.  The figure was an increase over the advance estimate of 5.7 percent issued last month.  Not since a 6.9 percent increase back in the third quarter 2003 has the economy realized such growth. 

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