Gross Domestic Product, Third Quarter 2020 (Second Estimate); Corporate Profits, Third Quarter 2020 (Preliminary Estimate)
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Q3 2020 (2nd)
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+33.1%
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Q2 2020 (3rd)
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-31.4%
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Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the “advance” estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent.
Gross Domestic Product, Third Quarter 2020 (Second Estimate); Corporate Profits, Third Quarter 2020 (Preliminary Estimate)
Revision Information
- 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 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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TechnicalLisa Mataloni
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Corporate ProfitsKate Pinard
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News MediaJeannine Aversa