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Gross Domestic Product

Gross Domestic Product, Third Quarter 2020 (Second Estimate); Corporate Profits, Third Quarter 2020 (Preliminary Estimate)

Q3 2020 (2nd)
+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. 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.

Current Release
Quick Guide: GDP Releases
  • Current release: November 25, 2020
  • Next release: December 22, 2020
 

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
Quick Guide: GDP Releases
  • Current release: October 29, 2020
  • Next release: November 25, 2020
 
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