Gross Domestic Product, 1st Quarter 2020 (Second Estimate); Corporate Profits, 1st Quarter 2020 (Preliminary Estimate)
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1st quarter 2020
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-5.0 percent
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4th quarter 2019
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2.1 percent
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Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 0.2 percentage point lower than the “advance” estimate released in April. In the fourth quarter of 2019, real GDP increased 2.1 percent.
- Current release: May 28, 2020
- Next release: June 25, 2020
Gross Domestic Product, 1st Quarter 2020 (Second Estimate); Corporate Profits, 1st Quarter 2020 (Preliminary Estimate)
Revision Information
How will the expansion of unemployment benefits in response to the COVID-19 pandemic be recorded in the NIPAs?
How does BEA adjust wages and salaries to account for the effects of COVID-19?
- Current-dollar and "real" GDP
- Percent change from preceding period
- Underlying Detail Tables
- Motor vehicles
- 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 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.
Contact Personnel
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GDPLisa Mataloni
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Corporate ProfitsKate Pinard
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News MediaJeannine Aversa