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Gross domestic product, expenditure-based, current prices and 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 dollars
Personal expenditure on consumer goods and services
671,840
680,656
684,216
694,632
695,324
708,196
657,302
688,707
1.5
1.3
0.5
1.5
0.1
1.9
5.5
4.8
Durable goods
93,824
93,168
93,572
95,208
90,772
92,148
92,052
93,180
2.5
-0.7
0.4
1.7
-4.7
1.5
8.4
1.2
Semi-durable goods
57,284
57,900
58,248
58,392
58,640
60,568
56,900
58,295
1.0
1.1
0.6
0.2
0.4
3.3
4.3
2.5
Non-durable goods
163,856
168,572
166,764
168,884
168,804
172,728
158,504
168,256
2.1
2.9
-1.1
1.3
-0.0
2.3
5.3
6.2
Services
356,876
361,016
365,632
372,148
377,108
382,752
349,846
368,976
1.1
1.2
1.3
1.8
1.3
1.5
5.1
5.5
Government current expenditure on goods and services
229,380
232,324
236,548
238,812
243,160
246,416
223,677
237,711
1.7
1.3
1.8
1.0
1.8
1.3
6.0
6.3
Government gross fixed capital formation
29,992
31,204
31,348
31,572
31,880
32,748
29,617
31,501
-0.3
4.0
0.5
0.7
1.0
2.7
9.7
6.4
Government investment in inventories
-68
-4
44
28
-8
-92
-45
15
...
...
...
...
...
...
...
...
Business gross fixed capital formation
200,812
202,604
201,196
208,660
211,040
214,780
197,828
205,875
0.4
0.9
-0.7
3.7
1.1
1.8
3.8
4.1
Residential structures
68,856
70,412
71,024
75,380
78,212
80,976
65,829
73,757
3.5
2.3
0.9
6.1
3.8
3.5
19.4
12.0
Non-residential structures
48,952
50,336
50,576
51,456
52,252
52,156
49,686
51,155
-1.0
2.8
0.5
1.7
1.5
-0.2
-6.1
3.0
Machinery and equipment
83,004
81,856
79,596
81,824
80,576
81,648
82,313
80,963
-1.3
-1.4
-2.8
2.8
-1.5
1.3
-0.3
-1.6
Business investment in inventories
8,368
14,600
11,524
-2,576
7,100
-3,176
-568
7,662
...
...
...
...
...
...
...
...
Non-farm
10,280
13,800
10,260
-4,520
4,936
-5,148
1,094
6,119
...
...
...
...
...
...
...
...
Farm
-1,912
800
1,264
1,944
2,164
1,972
-1,662
1,543
...
...
...
...
...
...
...
...
Exports of goods and services
485,380
486,680
454,720
452,796
452,188
468,160
479,358
461,596
-0.4
0.3
-6.6
-0.4
-0.1
3.5
-0.8
-3.7
Goods
418,276
423,400
394,328
392,108
390,180
405,984
413,788
400,004
-0.6
1.2
-6.9
-0.6
-0.5
4.1
-1.6
-3.3
Services
67,104
63,280
60,392
60,688
62,008
62,176
65,570
61,592
0.6
-5.7
-4.6
0.5
2.2
0.3
5.1
-6.1
Deduct: Imports of goods and services
438,020
432,360
411,640
403,520
406,924
409,536
428,248
413,611
-0.2
-1.3
-4.8
-2.0
0.8
0.6
2.1
-3.4
Goods
364,280
359,836
341,032
332,576
333,896
335,948
356,582
341,835
-0.4
-1.2
-5.2
-2.5
0.4
0.6
1.7
-4.1
Services
73,740
72,524
70,608
70,944
73,028
73,588
71,666
71,776
1.0
-1.6
-2.6
0.5
2.9
0.8
4.1
0.2
Statistical discrepancy
-280
-824
-924
-952
-36
-1,820
-953
-684
...
...
...
...
...
...
...
...
Gross domestic product at market prices
1,187,404
1,214,880
1,207,032
1,219,452
1,233,724
1,255,676
1,157,968
1,218,772
1.6
2.3
-0.6
1.0
1.2
1.8
4.5
5.3
Final domestic demand
1,132,024
1,146,788
1,153,308
1,173,676
1,181,404
1,202,140
1,108,424
1,163,794
1.3
1.3
0.6
1.8
0.7
1.8
5.4
5.0
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.