Gross Domestic Product, Second Quarter 2022 (Advance Estimate)

Q2 2022 (Adv)
-0.9%
Q1 2022 (3rd)
-1.6%

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.

  • Current release: July 28, 2022
  • Next release: August 25, 2022

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.

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