Q2 GDP Revised Down Slightly to 31.4% in Third Estimate

Washington, DC, September 30, 2020-Real gross domestic product (GDP) decreased at an annual rate of 31.4% in the second quarter of 2020, according to the third estimate released by the Bureau of Economic Analysis. 

In the first quarter, real GDP decreased 5.0%.

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 decrease in real GDP was 31.7%.