Q1 GDP Increased 6.4%
Washington, DC, April 29, 2021-Real gross domestic product (GDP) increased at an annual rate of 6.4% in Q1 2021, according to the advance estimate released by the Bureau of Economic Analysis.
In the fourth quarter of 2020, real GDP increased 4.3%.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency. The second estimate for the first quarter, based on more complete data, will be released on May 27.