Gross Domestic Product, Third Quarter 2020 (Advance Estimate)

Q3 2020 (Adv)
+33.1%
Q2 2020 (3rd)
-31.4%

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. In the second quarter of 2020, real GDP decreased 31.4 percent.

  • Current release: October 29, 2020
  • Next release: November 25, 2020
 

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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