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Real Gross domestic product, expenditure-based, quarterly percentage change 1

Standard symbols

  Fourth quarter 2002 First quarter 2003 Second quarter 2003 Third quarter 2003 Fourth quarter 2003 First quarter 2004 2002 2003
millions of chained (1997) dollars
Personal expenditure on consumer goods and services
608,492
613,183
618,084
624,729
625,780
634,148
601,594
620,444
1.0
0.8
0.8
1.1
0.2
1.3
3.4
3.1
Durable goods
94,720
94,080
94,992
97,399
93,220
94,971
93,099
94,923
2.5
-0.7
1.0
2.5
-4.3
1.9
8.3
2.0
Semi-durable goods
54,914
55,720
56,103
56,448
56,297
58,385
54,472
56,142
1.5
1.5
0.7
0.6
-0.3
3.7
3.8
3.1
Non-durable goods
138,852
139,816
139,720
139,941
140,836
142,369
137,196
140,078
1.2
0.7
-0.1
0.2
0.6
1.1
2.3
2.1
Services
320,860
324,309
328,125
332,052
335,907
339,106
317,627
330,098
0.4
1.1
1.2
1.2
1.2
1.0
2.6
3.9
Government current expenditure on goods and services
201,803
203,647
206,608
206,820
208,788
209,343
198,902
206,466
0.9
0.9
1.5
0.1
1.0
0.3
2.8
3.8
Government gross fixed capital formation
28,948
30,107
30,708
30,787
31,233
31,833
28,758
30,709
-0.4
4.0
2.0
0.3
1.4
1.9
9.1
6.8
Government investment in inventories
-60
-4
40
24
-4
-80
-40
14
...
...
...
...
...
...
...
...
Business gross fixed capital formation
186,946
189,630
190,451
197,167
199,693
202,871
185,677
194,235
-0.6
1.4
0.4
3.5
1.3
1.6
1.4
4.6
Residential structures
59,658
60,614
60,515
63,298
64,621
66,828
57,937
62,262
2.0
1.6
-0.2
4.6
2.1
3.4
14.5
7.5
Non-residential structures
43,395
44,429
44,671
45,109
45,501
44,993
44,493
44,928
-1.7
2.4
0.5
1.0
0.9
-1.1
-8.3
1.0
Machinery and equipment
83,327
83,935
84,681
88,229
88,920
90,329
82,715
86,441
-1.9
0.7
0.9
4.2
0.8
1.6
-1.2
4.5
Business investment in inventories
11,298
17,276
14,657
3,410
12,160
1,016
2,123
11,876
...
...
...
...
...
...
...
...
Non-farm
12,180
14,318
10,685
-1,212
7,766
-2,074
2,876
7,889
...
...
...
...
...
...
...
...
Farm
-949
2,619
3,598
4,558
4,086
2,777
-866
3,715
...
...
...
...
...
...
...
...
Exports of goods and services
448,247
442,704
436,945
434,813
444,732
451,567
450,568
439,799
-2.1
-1.2
-1.3
-0.5
2.3
1.5
1.1
-2.4
Goods
386,781
383,873
379,747
377,254
386,402
393,339
390,278
381,819
-2.4
-0.8
-1.1
-0.7
2.4
1.8
0.7
-2.2
Services
61,598
58,944
57,303
57,654
58,445
58,385
60,450
58,087
0.2
-4.3
-2.8
0.6
1.4
-0.1
3.8
-3.9
Deduct: Imports of goods and services
398,032
400,836
404,169
401,081
417,823
418,295
391,070
405,977
-0.6
0.7
0.8
-0.8
4.2
0.1
1.4
3.8
Goods
338,346
340,394
343,451
339,224
352,555
352,245
332,512
343,906
-0.7
0.6
0.9
-1.2
3.9
-0.1
1.5
3.4
Services
59,770
60,485
60,791
61,695
64,972
65,647
58,651
61,986
0.0
1.2
0.5
1.5
5.3
1.0
1.3
5.7
Statistical discrepancy
-256
-742
-836
-855
-32
-1,610
-889
-616
...
...
...
...
...
...
...
...
Gross domestic product at market prices
1,086,368
1,093,793
1,091,782
1,095,469
1,104,391
1,110,917
1,074,621
1,096,359
0.5
0.7
-0.2
0.3
0.8
0.6
3.4
2.0
Final domestic demand
1,026,103
1,036,393
1,045,724
1,059,110
1,065,043
1,077,580
1,014,795
1,051,568
0.7
1.0
0.9
1.3
0.6
1.2
3.1
3.6
1 The first line is the series itself expressed in millions of dollars, seasonally adjusted at annual rates. The second line, italicized, is the period to period percentage change at quarterly rates.