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Friday, April 21, 2017 Contact: Jeannine Aversa, (301) 278-9003 Finance and Insurance Led Growth in the Fourth Quarter Gross Domestic Product by Industry Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2016. Overall, 19 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter. Real GDP and Real Value Added by Sector Percent Change 5 4 3 2 1 0 -1 -2 -3 2015:Q4 2016:Q1 GDP Private Goods 2016:Q2 Private Services 2016:Q3 2016:Q4 Government U.S. Bureau of Economic Analysis • • • Finance and insurance increased 6.3 percent in the fourth quarter, after increasing 9.0 percent in the third quarter. Retail trade increased 5.7 percent, after increasing 2.6 percent. Professional, scientific, and technical services increased 3.6 percent, after increasing 2.6 percent. Percent Change 10 8 6 4 2 0 -2 -4 -6 -8 Real Value Added by Industry Nondurable goods manufacturing Wholesale trade Retail trade Information Finance and insurance Professional, scientific, and technical services 2016:Q3 2016:Q4 U.S. Bureau of Economic Analysis BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available.