Non-profit institutions and volunteering: Economic contribution, first quarter 2022

July 5, 2022, 8:39 a.m. (EDT)

Real gross domestic product declines

Real gross domestic product (GDP) of non-profit institutions edged down 0.3% in the first quarter of 2022, the first quarterly decrease since the second quarter of 2020, when real GDP of non-profits fell 2.5% owing to the widespread shutdowns imposed to reduce the spread of COVID-19.

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