Updated March 05, 2013
2006 was the last year before the Great Recession where the economy grew at a healthy pace. No one thought the subprime mortgage crisis would spread beyond the housing market. However, the clues were there. Here are the GDP statistics for each release for fourth quarter of 2006, and the final GDP quarterly growth rate for the previous quarters. (Each year, the BEA revises these figures, based on new data. I've updated this sheet with the revisions made for each year, so you can see how much these estimates change. The update made on July 29, 2011, is first, with the prior estimates' in parentheses.)
2006 GDP for the Year: 2.7% (Prior estimate was 2.8%)
Q4 2006 GDP: 2.7% (3%, 1.5%)
- Advance Report - Why growth was up 3.5%.
- Second Report - Why growth was only 2.2%.
- Third Report - Why growth was revised up to 2.5%.
- Q3 2006 GDP: .1%(.1%)
- Q2 2006 GDP: 1.6%(1.4%)
- Q1 2006 GDP: 5.1% (5.4%)
