GDP Steady at 6.4% in Q1, According to Third Estimate
Washington, DC, June 24, 2021-Real gross domestic product (GDP) increased at an annual rate of 6.4% in the first quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis.
In the fourth quarter, real GDP increased 4.3%.
The third estimate of GDP released today is based on more complete source data than were available for the second estimate issued last month. In the second estimate, the increase in real GDP was also 6.4%. Upward revisions to nonresidential fixed investment, private inventory investment, and exports were offset by an upward revision to imports, which are a subtraction in the calculation of GDP.