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Real Gross domestic product, expenditure-based, annualized 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
chained (1997) dollars
Personal expenditure on consumer goods and services
4.1
3.1
3.2
4.4
0.7
5.5
3.4
3.1
Durable goods
10.6
-2.7
3.9
10.5
-16.1
7.7
8.3
2.0
Semi-durable goods
6.2
6.0
2.8
2.5
-1.1
15.7
3.8
3.1
Non-durable goods
5.1
2.8
-0.3
0.6
2.6
4.4
2.3
2.1
Services
1.6
4.4
4.8
4.9
4.7
3.9
2.6
3.9
Government current expenditure on goods and services
3.5
3.7
5.9
0.4
3.9
1.1
2.8
3.8
Government gross fixed capital formation
-1.4
17.0
8.2
1.0
5.9
7.9
9.1
6.8
Government investment in inventories 2
16
56
44
-16
-28
-76
-53
54
Business gross fixed capital formation
-2.3
5.9
1.7
14.9
5.2
6.5
1.4
4.6
Residential structures
8.2
6.6
-0.7
19.7
8.6
14.4
14.5
7.5
Non-residential structures
-6.8
9.9
2.2
4.0
3.5
-4.4
-8.3
1.0
Machinery and equipment
-7.5
3.0
3.6
17.8
3.2
6.5
-1.2
4.5
Business investment in inventories 2
5,148
5,978
-2,619
-11,247
8,750
-11,144
6,466
9,753
Non-farm 2
4,809
2,138
-3,633
-11,897
8,978
-9,840
6,558
5,013
Farm 2
346
3,568
979
960
-472
-1,309
-94
4,581
Exports of goods and services
-8.0
-4.9
-5.1
-1.9
9.4
6.3
1.1
-2.4
Goods
-9.4
-3.0
-4.2
-2.6
10.1
7.4
0.7
-2.2
Services
0.9
-16.2
-10.7
2.5
5.6
-0.4
3.8
-3.9
Deduct: Imports of goods and services
-2.3
2.8
3.4
-3.0
17.8
0.5
1.4
3.8
Goods
-2.8
2.4
3.6
-4.8
16.7
-0.4
1.5
3.4
Services
0.1
4.9
2.0
6.1
23.0
4.2
1.3
5.7
Statistical discrepancy 2
236
-486
-94
-19
823
-1,578
-214
272
Gross domestic product at market prices
1.9
2.8
-0.7
1.4
3.3
2.4
3.4
2.0
Final domestic demand
2.6
4.1
3.7
5.2
2.3
4.8
3.1
3.6
1 Quarter to quarter percentage change, annualized.
2 Actual change in millions of dollars, at annual rates.