US Gross Domestic Product (Third Estimate), Third Quarter 2022

22 December 2022

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2022, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.
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 2.9 percent. The updated estimates primarily reflected upward revisions to consumer spending and nonresidential fixed investment that were partly offset by a downward revision to private inventory investment.

Source:  U.S. Bureau of Labor Statistics
Post by: Republic of Türkiye Ministry of Trade