Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), First Quarter 2023
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Q1 2023 (2nd)
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+1.3%
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Q4 2022 (3rd)
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+2.6%
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Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.2 percentage point from the “advance” estimate, primarily reflecting an upward revision to inventory investment.
Profits decreased 5.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter.
- Current release: May 25, 2023
- Next release: June 29, 2023
- Current-dollar and "real" GDP
- Percent change from preceding period
- Underlying Detail Tables
- Motor vehicles June 2, 2023
- Prices and Output for Information and Communication Technologies
- Integrated Macroeconomic Accounts for the United States
- Estimates prepared for international comparisons based on the System of National Accounts
- Additional Tables
- COVID-19 and Recovery
- Data Archive Previously published estimates contain historical data and have since been revised.
- News Release Archive
- Vintage History of Quarterly Gross Domestic Product (GDP) and Gross Domestic Income (GDI) Estimates
What is Gross Domestic Product?
A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them). Changes in GDP are the most popular indicator of the nation's overall economic health.
Contact Personnel
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GDPLisa Mataloni
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Corporate ProfitsKate Pinard
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MediaConnie O’Connell