Real GDP in Q3 Increased at an Annual Rate of 2.6%, BEA Reports in Its “Advance” Estimate

Posted on October 27, 2022

The Bureau of Economic Analysis (BEA) released today (10-27-22) its “advance estimate” for real gross domestic product (GDP) in 2022Q3. According to the report, GDP increased at an annual rate of 2.6%. This follows a reported decrease in Q2’s GDP annual rate of 0.6% and a 1.6% decline Q1 GDP.

The “advance” GDP estimate is based on source data that are incomplete and subject to further revision by the BEA. The “second” estimate for Q3, based on more complete data, is scheduled to be released on November 30, 2022.

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