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

Standard symbols

  Fourth quarter 2003 First quarter 2004 Second quarter 2004 Third quarter 2004 Fourth quarter 2004 First quarter 2005 2003 2004
chained (1997) dollars
Personal expenditure on consumer goods and services
0.3
6.1
2.2
3.5
3.8
6.3
3.1
3.4
Durable goods
-15.8
12.9
3.6
5.2
6.6
11.3
2.1
3.1
Semi-durable goods
-1.1
13.9
4.4
8.3
0.0
10.8
3.4
5.5
Non-durable goods
2.0
5.0
-0.1
3.0
4.0
6.3
2.3
2.3
Services
4.2
3.9
2.5
2.6
3.7
4.4
3.7
3.7
Government current expenditure on goods and services
5.0
2.6
3.2
2.0
2.1
3.2
2.9
2.7
Government gross fixed capital formation
8.0
12.2
-1.4
-0.3
3.6
5.0
4.5
4.9
Government investment in inventories 2
32
-100
292
-88
-352
248
54
5
Business gross fixed capital formation
8.2
4.6
2.9
7.3
8.1
7.1
6.2
6.9
Residential structures
8.2
8.8
6.1
7.1
5.2
-1.7
6.2
8.3
Non-residential structures
3.3
-5.8
0.3
1.7
0.9
7.5
5.7
0.8
Machinery and equipment
11.8
8.0
1.5
11.4
16.5
16.3
6.4
9.8
Business investment in inventories 2
7,573
-5,777
-1,903
15,190
5,311
-6,842
9,252
464
Non-farm 2
7,910
-4,939
-1,444
14,941
4,950
-6,245
4,936
1,132
Farm 2
-589
-864
-512
-84
270
-541
4,193
-916
Exports of goods and services
13.8
0.3
19.0
-2.8
-3.1
5.9
-2.1
5.0
Goods
14.1
1.1
21.2
-3.2
-4.0
6.0
-1.8
5.4
Services
11.7
-4.3
5.2
0.2
3.1
5.5
-4.0
2.5
Deduct: Imports of goods and services
20.9
1.1
11.6
12.4
8.3
10.6
4.1
8.1
Goods
21.2
1.0
14.3
15.9
6.6
11.2
3.6
8.3
Services
19.8
1.2
-0.1
-3.4
17.2
7.9
6.4
7.3
Statistical discrepancy 2
-271
-488
580
625
1,620
676
222
-88
Gross domestic product at market prices
3.6
2.6
5.0
3.5
2.1
2.3
2.0
2.9
Final domestic demand
2.8
5.3
2.4
3.8
4.3
5.8
3.6
3.9
1 Quarter to quarter percentage change, annualized.
2 Actual change in millions of dollars, at annual rates.