Gross Domestic Product (GDP): First Estimate for Q3, 2022
Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its first estimate for U.S. Real Gross Domestic Product (GDP) for the third quarter of 2022:
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Predicted: +2.5%
The yellow-highlighted percentage represents the first estimate of the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.
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The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."
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CHART: GDP - Q3 2022 - First Estimate
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Predicted: +2.5%
- Actual: +2.6%
The yellow-highlighted percentage represents the first estimate of the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.
The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."
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Labels: Coronavirus, COVID-19, COVID19, Disposable_Personal_Income, Economy, GDP, gross_domestic_product, hard_data, Pandemic, personal_income
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posted by Steve Brown | 10/27/2022 07:13:00 PM
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