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Gross Domestic Product, Fourth Quarter and Year 2020 (Second Estimate)

Q4 2020 (2nd)
+4.1%
Q3 2020 (3rd)
+33.4%

Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.1 percentage point higher than the “advance” estimate released in January. In the third quarter, real GDP increased 33.4 percent.

Current Release
Quick Guide: GDP Releases
  • Current release: February 25, 2021
  • Next release: March 25, 2021

Gross Domestic Product, 4th Quarter and Year 2020 (Advance Estimate)

Q4 2020 (Adv)
+4.0%
Q3 2020 (3rd)
+33.4%

Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. In the third quarter, real GDP increased 33.4 percent.

Current Release
Quick Guide: GDP Releases
  • Current release: January 28, 2021
  • Next release: February 25, 2021

Gross Domestic Product (Third Estimate), Corporate Profits (Revised), and GDP by Industry, Third Quarter 2020

Q3 2020 (3rd)
33.4%
Q2 2020 (3rd)
-31.4%

Real gross domestic product (GDP) increased at an annual rate of 33.4 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 change was 0.3 percentage point higher than the “second” estimate released in November. In the second quarter of 2020, real GDP decreased 31.4 percent.

Current Release
Quick Guide: GDP Releases
  • Current release: December 22, 2020
  • Next release: January 28, 2021
 

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
 

Gross Domestic Product (Third Estimate), Corporate Profits (Revised), and GDP by Industry, Second Quarter 2020

2nd quarter 2020 (3rd)
-31.4%
1st quarter 2020
-5.0%

Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the “second” estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent.

Current Release
Quick Guide: GDP Releases
  • Current release: September 30, 2020
  • Next release: October 29, 2020
 

Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)

Q2 2020 (2nd)
-31.7%
Q1 2020 (3rd)
-5.0%

Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the “advance” estimate released in July. In the first quarter of 2020, real GDP decreased 5.0 percent.

Current Release
Quick Guide: GDP Releases
Attention

The news release for the third estimate of GDP on September 30 will include GDP by industry statistics for the first time. BEA is speeding up the release of industry and state GDP quarterly data to coordinate more closely with national GDP. The format of the existing GDP News Release Tables (Tables 1-11 and Appendix Tables A-B) will be unchanged. GDP by industry and gross output tables (Tables 12-18) will be added to the Sept. 30 news release and subsequent third estimate GDP releases. Table formats are now available.

Table formats

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

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
Quick Guide: GDP Releases
  • Current release: July 30, 2020
  • Next release: August 27, 2020
 
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