The U.S. Bureau of Economic Analysis released data for the United States GDP Growth reporting that US real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020. In the second quarter, the United States real GDP growth decreased 31.4 percent.

America’s GDP Growth Rate

BEA reported that the increase in third quarter GDP reflected continued efforts to reopen businesses and resume activities that were postponed or restricted due to COVID-19.

Source: U.S. Bureau of Economic Analysis