Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update

Q2 2020 (Adv)
-32.9%
Q1 2020 (3rd)
-5.0%

Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter of 2020, real GDP decreased 5.0 percent.

  • Current release: July 30, 2020
  • Next release: August 27, 2020
 

What is Gross Domestic Product?

A comprehensive measure of U.S. economic activity. GDP is the value of the goods and services produced in the United States. The growth rate of GDP is the most popular indicator of the nation's overall economic health.

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