Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, according to the "second" estimate released by the Bureau of Economic Analysis. In the advance estimate, the decrease in real GDP was 1.4 percent. In the fourth quarter, real GDP increased 6.9 percent. The decrease in first-quarter real GDP was revised down 0.1 percentage point from the "advance" estimate, primarily reflecting downward revisions to private inventory investment and residential fixed investment that were mostly offset by upward revisions to consumer spending and exports.
Post by: Republic of Turkiye Ministry of Trade