Question

What is the defintion or differnce in GDP advanced estimate, second estimate and third estimate?

What is the defintion or differnce in GDP advanced estimate, second estimate and third estimate?

Homework Answers

Answer #1
GDP Advanced Estimate GDP second estimate GDP third estimate
The advanced estimate released by the Bureau of Economic Analysis is mostly based on incomplete sources of data, The second estimate released by the Bureau is detailed better and the sources of data are more complete than the Advanced estimate; The third estimate released by the Bureau is an even more detailed & comprehensive report based on complete information
it is released at the end of the 1st month following the end of a quarter. it is released at the end of the 2nd month following the end of a quarter it is released at the end of the 3rd month following the end of a quarter
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