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Economic Snapshot

3rd Quarter 2002

Q4-01 Q1-02 Q2-02 Q3-02
Growth Rate—Real Gross Domestic Product 2.7% 5.0% 1.3% 4.0%*
Inflation Rate—Consumer Price Index -0.3% 1.4% 3.4% 1.9%
Civilian Unemployment Rate 5.6% 5.6% 5.9% 5.7%


Graph from November 2002 issue of National Economic Trends.

Which agency is responsible for reporting GDP?

Gross Domestic Product, the output of goods and services produced by labor and property located in the United States, is reported by the Bureau of Economic Analysis, U.S. Department of Commerce. For more information, see

Why does a quarterly GDP growth rate number change?

Advance, preliminary and final GDP growth rates are released during the first, second and third months of the following quarter. Changes result from incorporation of more complete information.

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