Third Quarter GDP Estimate Revised Upward

Chart showing slight increase in gross domestic product for the third quarter of 2019.

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to a revised estimate the U.S. Bureau of Economic Analysis (BEA) released today. The growth rate was 0.2 percentage points higher than the “advance” estimate released in October. In the second quarter, real GDP rose 2.0 percent.

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $4.6 billion in the third quarter, compared with an increase of $75.8 billion in the second quarter.

For the full report, with additional graphics and a detailed explanation of the report, click here.

The BEA’s reports are provided as a free service. To subscribe to the service or see other economic and news reports on its website, click here.

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