Real GDP growth, annualizedSeasonally adjustedRevised
U.S. Bureau of Economic Analysis · quarterly · 317 observations
204th highest of 317 quarters since Q2 1947 (tied with 6 quarters; BEA NIPA full history)
−0.3 pp vs prior quarter−1.8 pp vs a year earlier
Source: U.S. Bureau of Economic Analysis
About this series
What it measures
How fast the inflation-adjusted value of all final goods and services produced in the U.S. changed from one quarter to the next, expressed at an annual rate. The Bureau of Economic Analysis publishes it quarterly, estimating each quarter three times (advance, second and third), with the advance estimate about a month after the quarter ends. The headline is the seasonally adjusted percent change in real GDP at an annual rate.
Why it matters
It is the broadest single measure of the size and direction of the U.S. economy, and the number most people mean when they say the economy grew or shrank.
Common misreads
The annual rate compounds the quarter's change over four quarters: a 2% annual rate corresponds to growth of roughly 0.5% within the quarter. Each quarter is estimated three times as more source data arrive, and later annual updates can revise it again.