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February 25, 2021

2020Q4 (Second Estimate) Comparisons -- Percent Change from Preceding Period in
Real Gross Domestic Product and Related Measures
[Percent] Seasonally adjusted at annual rates

Gross domestic product (GDP)
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
Gross domestic income (GDI)
Average of GDP and GDI
Gross national product (GNP)
Disposable personal income
Current-dollar measures:
GDP
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
GDI
Average of GDP and GDI
GNP
Disposable personal income
Chain-type price measures:
Gross domestic purchases
Gross domestic purchases excluding food and energy
GDP
GDP excluding food and energy
GDP implicit price deflator
PCE
PCE excluding food and energy
Market-based PCE
Market-based PCE excluding food and energy
Source: U.S. Bureau of Economic Analysis

2020Q4
% change
4.1
2.4
-0.9
-0.6
-1.1
4.0
26.5
19.1
14.0
1.1
25.7
8.4
35.8
........................
........................
21.8
30.8
4.3
29.6
30.7
23.9
-1.1
-0.9
4.7
-8.9
-1.2

Last period with
equal value
2004Q4
4.1
2006Q3
2.4
1990Q3
-0.9
............... ...............
1966Q4
-1.1
2005Q3
4.0
............... ...............
............... ...............
............... ...............
............... ...............
............... ...............
2020Q3
8.4
............... ...............
............... ...............
............... ...............
1964Q1
21.8
2009Q4
30.8
1997Q2
4.3
............... ...............
............... ...............
............... ...............
1991Q3
-1.1
............... ...............
............... ...............
1968Q2
-8.9
1976Q4
-1.2

Last period with
larger value
2020Q3
33.4
2020Q3
41.0
2020Q3
47.2
2020Q3
82.7
2020Q3
31.1
2020Q3
38.0
2020Q3
86.3
2020Q3
31.3
2020Q3
22.9
2019Q3
3.6
2020Q3
68.2
2018Q4
12.1
2020Q3
63.0
............... ...............
............... ...............
2020Q3
59.6
2020Q3
104.3
2019Q4
5.1
2020Q3
93.1
2020Q3
110.2
2020Q3
24.9
2020Q2
2.5
2020Q2
16.4
2019Q4
6.6
2020Q2
37.6
2020Q1
1.1

3.0
5.5
4.4
5.6
........................
........................
........................
-10.0

2014Q4
...............
2010Q2
1985Q3
...............
...............
...............
...............

3.0
...............
4.4
5.6
...............
...............
...............
...............

2020Q3
25.9 2020Q2
-28.1
2020Q3
37.3 2020Q2
-30.3
2020Q3
29.8 2020Q2
-27.1
2020Q3
39.0 2020Q2
-32.4
............... ............... ............... ...............
............... ............... ............... ...............
............... ............... ............... ...............
2020Q2
48.6 2020Q3
-17.4

6.1
5.2
7.2
6.3
7.3
........................
........................
........................
-8.6

1992Q3
1950Q1
2017Q4
...............
1999Q4
...............
...............
...............
...............

6.1
5.2
7.2
...............
7.3
...............
...............
...............
...............

2020Q3
38.3 2020Q2
-32.8
2020Q3
30.2 2020Q2
-29.3
2020Q3
42.1 2020Q2
-31.5
2020Q3
33.9 2020Q2
-28.0
2020Q3
43.7 2020Q2
-33.1
............... ............... ............... ...............
............... ............... ............... ...............
............... ............... ............... ...............
2020Q2
46.2 2020Q3
-14.4

1.8
1.7
2.1
1.9
2.0
1.6
1.4
1.3
1.0

2002Q3
2016Q4
2011Q1
2017Q3
2017Q3
2018Q3
2017Q3
2020Q1
2017Q3

1.8
1.7
2.1
1.9
2.0
1.6
1.4
1.3
1.0

2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3

3.3
3.0
3.5
3.1
3.7
3.7
3.4
2.9
2.6

Last period with
smaller value
2020Q2
-31.4
2020Q2
-33.2
2020Q2
-10.8
2020Q2
-1.7
2020Q2
-15.0
2020Q2
-41.8
2020Q2
-46.6
2020Q2
-29.2
2020Q2
-27.2
2020Q3
-17.4
2020Q2
-35.9
2020Q2
-11.4
2020Q2
-35.6
............... ...............
............... ...............
2020Q2
-64.4
2020Q2
-66.8
2020Q3
-0.5
2020Q2
-54.1
2020Q2
-49.6
2020Q2
-69.9
2020Q3
-4.8
2020Q3
-6.2
2020Q3
3.2
2020Q3
-18.3
2020Q3
-3.9

2020Q2
2020Q2
2020Q2
2020Q2
2020Q2
2020Q2
2020Q2
2020Q2
2020Q2

-1.4
-0.8
-1.8
-1.2
-2.1
-1.6
-0.8
-1.0
0.1

February 25, 2021

2020Q4 (Second Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product
2020Q4
contribution
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Source: U.S. Bureau of Economic Analysis

Last period with
equal value

4.1 2004Q4
1.61
-0.20
-0.04
-0.15
1.80
4.23
3.12
1.76
0.03
1.33
0.40
1.37
1.11
-1.55
2.00
1.86
0.13
-3.55
-3.10
-0.45
-0.19
-0.06
0.20
-0.26
-0.13

...............
1968Q4
...............
...............
1984Q3
...............
...............
...............
1993Q3
...............
1999Q1
...............
1982Q3
...............
...............
...............
2013Q4
...............
...............
...............
1995Q3
...............
2018Q3
1963Q4
2012Q4

Last period with
larger value

4.1 2020Q3
...............
-0.20
...............
...............
1.80
...............
...............
...............
0.03
...............
0.40
...............
1.11
...............
...............
...............
0.13
...............
...............
...............
-0.19
...............
0.20
-0.26
-0.13

2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3
2019Q3
2020Q3
2020Q3
2020Q3
2020Q3
2020Q2
2020Q3
2020Q3
2019Q4
2020Q2
2020Q2
2020Q3
2020Q2
2020Q2
2019Q4
2020Q2
2020Q1

Last period with
smaller value

33.4 2020Q2
25.44
9.55
5.20
4.35
15.89
11.96
5.39
3.20
0.11
3.26
0.46
2.19
6.57
0.62
4.89
4.87
0.20
10.13
7.32
-0.43
0.77
1.17
0.26
0.98
0.12

2020Q2
2020Q2
2020Q1
2020Q2
2020Q2
2020Q2
2020Q2
2020Q2
2020Q3
2020Q2
2020Q2
2020Q2
2020Q2
2020Q3
2020Q2
2020Q2
2020Q3
2020Q3
2020Q3
2006Q4
2020Q3
2020Q3
2020Q3
2020Q3
2020Q3

-31.4
-24.01
-2.06
-0.93
-2.05
-21.95
-8.77
-5.27
-3.67
-0.53
-2.03
-0.53
-1.60
-3.50
-3.21
-9.51
-6.56
0.03
-8.10
-7.67
-0.49
-0.75
-0.38
0.17
-0.55
-0.37

February 25, 2021

2020 (Second Estimate) Comparisons -- Percent Change from Preceding Period in
Real Gross Domestic Product and Related Measures
[Percent]
2020
% change
Gross domestic product (GDP)
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
Gross domestic income (GDI)
Average of GDP and GDI
Gross national product (GNP)
Disposable personal income
Current-dollar measures:
GDP
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
GDI
Average of GDP and GDI
GNP
Disposable personal income
Chain-type price measures:
Gross domestic purchases
Gross domestic purchases excluding food and energy
GDP
GDP excluding food and energy
GDP implicit price deflator
PCE
PCE excluding food and energy
Market-based PCE
Market-based PCE excluding food and energy
Source: U.S. Bureau of Economic Analysis

Last period with
equal value

-3.5 ............... ...............
-3.9
3.9
6.4
2.6
-7.3
-5.3
-1.8
-4.0
-10.6
-5.0
1.6
6.0
........................
........................
-13.0
-9.5
-19.2
-9.3
-6.1
-22.5
1.1
4.3
3.5

...............
2002
...............
2017
...............
...............
...............
...............
...............
...............
1939
1964
...............
...............
...............
...............
...............
...............
...............
...............
...............
2004
1949

Last period with
larger value

1946

-11.6

...............
2019
2.4
1932
3.9
2018
4.1
2019
...............
2018
6.8
2019
2.6
2019
3.1
2016
...............
2019
1.8 ...............
...............
2019
1.7
2009
...............
2019
1.9
2009
...............
2019
2.9
2009
...............
2019
-0.6
2010
...............
2019
2.1
2009
1.6
2019
6.4
2009
6.0
2016
6.6
2019
............... ............... ............... ...............
............... ............... ............... ...............
...............
2019
-0.1
1958
...............
2019
-0.1
2009
...............
2019
-0.1 ...............
...............
2019
1.1
2009
...............
2019
0.5
2009
...............
2019
3.7
1946
...............
2019
2.3
2017
4.3
2009
6.1
2019
3.5
2019
5.6
2018

-9.0
3.7
4.8
2.5
...............
-21.2
-16.0
-14.5
-16.1
-21.2
-0.5
-1.7
...............
...............
-13.5
-11.9
...............
-13.1
-15.3
-52.2
0.9
4.0
3.3

5.6 ............... ...............
-0.8 ............... ...............

2019

2010
2019

2.2

Last period with
smaller value

6.2
1.3

2019
2012

1.8
-2.2

-2.9
-3.3
-2.7
-3.5
........................
........................
........................
5.8

...............
...............
2009
...............
...............
...............
...............
...............

...............
2019
2.2
1946
-14.3
...............
2019
2.3
2009
-3.5
-2.7
2019
2.3
1946
-17.9
...............
2019
2.3
2009
-4.2
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
...............
1998
5.9
2019
2.2

-2.3
-1.7
-2.1
-1.5
-2.3
........................
........................
........................
7.0

...............
...............
...............
...............
...............
...............
...............
...............
1967

...............
2019
4.0
1938
-6.1
...............
2019
4.0
1946
-3.5
...............
2019
3.9
2009
-3.8
...............
2019
3.9
2009
-3.0
...............
2019
3.9
2009
-4.5
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
7.0
2000
7.6
2019
3.7

1.2
1963
1.2
1.3 ............... ...............
1.2
2010
1.2
1.3
2016
1.3
1.2
2010
1.2
1.2
1963
1.2
1.4
2010
1.4
1.1
2014
1.1
1.4
2011
1.4

2019
2019
2019
2019
2019
2019
2019
2019
2019

1.6
1.7
1.8
2.0
1.8
1.5
1.7
1.3
1.5

2016
2016
2016
2015
2016
2016
2015
2016
2017

0.7
1.1
1.0
1.2
1.0
1.0
1.2
0.7
1.3

February 25, 2021

2020 (Second Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product
2020
contribution
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Source: U.S. Bureau of Economic Analysis

Last period with
equal value

-3.5 ............... ...............
-2.63
0.81
0.45
0.36
-3.44
-0.93
-0.30
-0.53
-0.32
-0.29
0.08
0.23
-0.62
-0.14
-1.47
-0.69
-0.78
1.33
0.71
0.62
0.19
0.29
0.14
0.15
-0.09

...............
1952
...............
2016
...............
...............
...............
...............
...............
2008
1973
2016
...............
...............
...............
...............
...............
...............
...............
...............
...............
...............
...............
1977
...............

...............
0.81
...............
0.36
...............
...............
...............
...............
...............
-0.29
0.08
0.23
...............
...............
...............
...............
...............
...............
...............
...............
...............
...............
...............
0.15
...............

Last period with
larger value
2019
2019
2018
2018
2019
2019
2019
2019
2019
2019
2019
2019
2015
2019
2013
2019
2019
2019
2009
2009
1946
2019
2010
2019
2010
2019

2.2

Last period with
smaller value
1946

-11.6

1.64
1932
-7.00
0.86
2019
0.78
0.48
2019
0.34
0.44
2013
0.28
0.86 ............... ...............
0.30
2009
-3.52
0.32
2009
-2.70
0.39
2009
-1.95
-0.02
2010
-0.50
0.12
2009
-1.22
0.29
2009
-0.02
0.33
2019
-0.07
-0.02
2009
-0.83
0.22
2019
-0.18
-0.01
1948
-1.59
-0.01
2009
-1.00
-0.01 ............... ...............
2.14
2019
-0.16
2.08
2019
-0.06
0.82
2019
-0.10
0.40
2017
0.16
0.35
2019
0.26
0.21
2018
0.13
0.19
2019
0.05
0.14
2012
-0.26