What this measures
Quarterly growth is reported as an annual rate, so a reading of 2% means the economy grew about half a percent in that quarter. The first estimate is revised twice in the following two months and again in annual updates.
The 2020 values (about −28% and +35%) are real: the pandemic shutdown and reopening, annualized.
Source: BEA via FRED (A191RL1Q225SBEA). Updated automatically when the source publishes. How we handle data · Embed this chart