The US economy grew by a strong 5.7 percent last year.

The Department of Commerce announced this on Thursday in Washington based on an initial estimate.

The growth was particularly driven by increases in consumer spending, fixed asset investment, exports and inventory investment, it said.

The gross domestic product (GDP) of the world's largest economy rose to around 22.99 trillion US dollars.

In 2020, the US economy collapsed due to the Corona crisis, with GDP shrinking by 3.5 percent at the time.

Economic growth over the past year has been roughly in line with analyst and government expectations.

The Ministry of Finance had expected growth of 5.3 percent for 2021, the Federal Reserve (Fed) expected 5.5 percent in its December forecast.