Full text of Bureau of Economic Analysis (BEA) News Releases : Gross Domestic Product: Fourth Quarter 2009 (Second Estimate), BEA 10-05 : Full Release

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NEWS RELEASE
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, FEBRUARY 26, 2010

Lisa Mataloni:
(202) 606-5304 (GDP)
Recorded message: (202) 606-5306

BEA 10-05

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2009 (SECOND ESTIMATE)
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 5.9 percent in the fourth quarter of 2009
(that is, from the third quarter to the fourth quarter) according to the "second" estimate released by the
Bureau of Economic Analysis. In the third quarter, real GDP increased 2.2 percent.
The GDP estimates released today are based on more complete source data than were available
for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 5.7
percent (see "Revisions" on page 3).
The increase in real GDP in the fourth quarter primarily reflected positive contributions from
private inventory investment, exports, personal consumption expenditures (PCE), and nonresidential
fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP in the fourth quarter primarily reflected an acceleration in private
inventory investment, an upturn in nonresidential fixed investment, a deceleration in imports, and an
acceleration in exports that were partly offset by decelerations in PCE and in federal government
spending.
Motor vehicle output added 0.44 percentage point to the fourth-quarter change in real GDP after
adding 1.45 percentage points to the third-quarter change. Final sales of computers subtracted 0.01
percentage point from the fourth-quarter change in real GDP after subtracting 0.08 percentage point
from the third-quarter change.
NOTE.--Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified. Quarter-to-quarter dollar changes are differences between these published estimates. Percent
changes are calculated from unrounded data and are annualized. “Real” estimates are in chained (2005)
dollars. Price indexes are chain-type measures.
This news release is available on BEA’s Web site along with the Technical Note and Highlights
related to this release.

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-2-

The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.9 percent in the fourth quarter, 0.2 percentage point less than in the advance estimate; this
index increased 1.3 percent in the third quarter. Excluding food and energy prices, the price index for
gross domestic purchases increased 1.3 percent in the fourth quarter, compared with an increase of 0.3
percent in the third.
Real personal consumption expenditures increased 1.7 percent in the fourth quarter, compared
with an increase of 2.8 percent in the third. Real nonresidential fixed investment increased 6.5 percent,
in contrast to a decrease of 5.9 percent. Nonresidential structures decreased 13.9 percent, compared
with a decrease of 18.4 percent. Equipment and software increased 18.2 percent, compared with an
increase of 1.5 percent. Real residential fixed investment increased 5.0 percent, compared with an
increase of 18.9 percent.
Real exports of goods and services increased 22.4 percent in the fourth quarter, compared with
an increase of 17.8 percent in the third. Real imports of goods and services increased 15.3 percent,
compared with an increase of 21.3 percent.
Real federal government consumption expenditures and gross investment increased 0.1 percent
in the fourth quarter, compared with an increase of 8.0 percent in the third. National defense decreased
3.5 percent, in contrast to an increase of 8.4 percent. Nondefense increased 8.3 percent, compared with
an increase of 7.0 percent. Real state and local government consumption expenditures and gross
investment decreased 2.0 percent, compared with a decrease of 0.6 percent.
The change in real private inventories added 3.88 percentage points to the fourth-quarter change
in real GDP, after adding 0.69 percentage point to the third-quarter change. Private businesses
decreased inventories $16.9 billion in the fourth quarter, following decreases of $139.2 billion in the
third quarter and $160.2 billion in the second.
Real final sales of domestic product -- GDP less change in private inventories -- increased 1.9
percent in the fourth quarter, compared with an increase of 1.5 percent in the third.

Gross domestic purchases
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 5.5 percent in the fourth quarter, compared with an increase of 3.0 percent in the
third.

Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
6.3 percent, or $219.6 billion, in the fourth quarter to a level of $14,461.7 billion. In the third quarter,
current-dollar GDP increased 2.6 percent, or $90.9 billion.

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Revisions
The second estimate of the fourth-quarter increase in real GDP is 0.2 percentage point, or $6.1
billion, higher than the advance estimate issued last month, primarily reflected upward revisions to
private inventory investment, to exports, and to nonresidential fixed investment that were partly offset
by an upward revision to imports and downward revisions to PCE and to state and local government
spending.

Real GDP...............................................
Current-dollar GDP...............................
Gross domestic purchases price index...

Advance
Second
(Percent change from preceding quarter)
5.7
5.9
6.4
6.3
2.1
1.9

2009 GDP
Real GDP decreased 2.4 percent in 2009 (that is, from the 2008 annual level to the 2009 annual
level), in contrast to an increase of 0.4 percent in 2008.
The decrease in real GDP in 2009 primarily reflected negative contributions from nonresidential
fixed investment, exports, private inventory investment, residential fixed investment, and personal
consumption expenditures (PCE), that were partly offset by a positive contribution from federal
government spending. Imports, which are a subtraction in the calculation of GDP, decreased.
The downturn in real GDP primarily reflected downturns in nonresidential fixed investment and
in exports and a larger decrease in private inventory investment that were partly offset by a larger
decrease in imports and a smaller decrease in residential fixed investment.
The price index for gross domestic purchases was unchanged in 2009, compared with an increase
of 3.2 percent in 2008.
Current-dollar GDP decreased 1.3 percent, or $183.2 billion, in 2009. Current-dollar GDP
increased 2.6 percent, or $363.8 billion, in 2008.
During 2009 (that is, measured from the fourth quarter of 2008 to the fourth quarter 2009), real
GDP increased 0.1 percent. Real GDP decreased 1.9 percent during 2008. The price index for gross
domestic purchases increased 0.6 percent during 2009, compared with an increase of 1.9 percent during
2008.

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-4-

BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting
the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

*

*

*

Next release – March 26, 2010, 8:30 A.M. EDT for:
Gross Domestic Product: Fourth Quarter 2009 (Third Estimate)
Corporate Profits: Fourth Quarter 2009

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Table 1. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2007

2008

2009

r

2006
I

II

2007
III

IV

I

II

2008
III

IV

I

II

2009
III

IV

I

II

III r

IV r

Gross domestic product (GDP) ................
2.1
0.4 –2.4
5.4
1.4
0.1
3.0
1.2
3.2
3.6
2.1 –0.7
1.5 –2.7 –5.4 –6.4 –0.7
2.2
5.9
Personal consumption expenditures ..................
2.6 –0.2 –0.6
4.5
2.2
2.5
4.1
3.7
1.1
1.9
1.2 –0.6
0.1 –3.5 –3.1
0.6 –0.9
2.8
1.7
Goods..................................................................
3.1 –2.1 –1.9
7.5
0.7
3.3
5.9
3.9
0.2
3.1
3.0 –5.1 –0.5 –7.7 –10.0
2.5 –3.1
7.2
2.8
Durable goods .................................................
4.3 –4.5 –3.9 17.0 –1.0
4.5
5.6
5.5
2.1
5.2
5.5 –8.9 –5.7 –11.7 –20.3
3.9 –5.6 20.4
0.2
Nondurable goods ...........................................
2.5 –0.8 –1.0
2.6
1.6
2.6
6.1
3.1 –0.8
2.1
1.8 –3.0
2.2 –5.6 –4.9
1.9 –1.9
1.5
4.1
Services...............................................................
2.4
0.7
0.1
2.9
3.0
2.1
3.1
3.6
1.6
1.3
0.3
1.8
0.4 –1.3
0.5 –0.3
0.2
0.8
1.2
Gross private domestic investment.....................
–3.8 –7.3 –23.1
6.0 –0.6 –5.5 –10.9 –6.0
5.7
0.8 –7.7 –7.4 –10.4 –6.9 –24.2 –50.5 –23.7
5.0 48.9
Fixed investment..................................................
–2.1 –5.1 –18.3
9.5 –1.9 –5.0 –5.3 –2.6
3.6 –0.4 –4.2 –6.3 –2.7 –8.3 –20.2 –39.0 –12.5 –1.3
6.2
Nonresidential..................................................
6.2
1.6 –17.7 18.0
7.3
4.4
2.3
4.2 11.4
9.6
6.7
1.9
1.4 –6.1 –19.5 –39.2 –9.6 –5.9
6.5
Structures.....................................................
14.9 10.3 –19.6 18.9 22.4 10.3
1.5 15.6 22.7 26.6 11.2
6.8 14.5 –0.1 –7.2 –43.6 –17.3 –18.4 –13.9
Equipment and software ..............................
2.6 –2.6 –16.7 17.8
2.1
2.2
2.8 –0.5
6.5
2.2
4.5 –0.5 –5.0 –9.4 –25.9 –36.4 –4.9
1.5 18.2
Residential ....................................................... –18.5 –22.9 –20.4 –4.2 –16.9 –21.2 –19.7 –16.2 –12.9 –22.4 –29.5 –28.2 –15.8 –15.9 –23.2 –38.2 –23.3 18.9
5.0
Change in private inventories .............................. .......... ........... .......... ........... ........... ........... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ...........
Net exports of goods and services ..................... .......... ........... .......... ........... ........... ........... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ...........
Exports ................................................................
8.7
5.4 –9.6 16.5
6.9
0.6 17.8
3.5
5.2 18.5 14.5 –0.1 12.1 –3.6 –19.5 –29.9 –4.1 17.8 22.4
Goods ..............................................................
7.4
5.9 –12.2 17.8
7.4
0.2 13.1
3.0
6.3 14.8 12.4
4.2 14.1 –1.8 –25.5 –36.9 –6.3 24.6 34.2
Services...........................................................
11.8
4.2 –4.1 13.6
5.6
1.5 29.1
4.7
2.8 27.2 19.2 –9.0
7.8 –7.7 –4.3 –13.6
0.1
5.6
1.4
Imports ................................................................
2.0 –3.2 –13.9
7.8
4.5
4.9 –0.5
4.3 –0.5
3.7 –3.6 –2.5 –5.0 –2.2 –16.7 –36.4 –14.7 21.3 15.3
Goods ..............................................................
1.7 –3.9 –16.0
6.3
5.0
5.5 –2.3
5.0 –1.0
2.8 –3.8 –3.5 –4.6 –3.7 –19.6 –41.0 –16.5 25.1 20.2
Services...........................................................
3.5
0.7 –3.7 16.1
1.8
1.3 10.0
0.4
2.1
8.6 –2.9
3.0 –7.1
6.1 –0.9 –11.5 –7.5
7.0 –3.9
Government consumption expenditures and
gross investment ...............................................
1.7
3.1
1.9
4.1
0.3
0.6
1.1
0.0
4.4
3.9
1.6
2.6
3.6
4.8
1.2 –2.6
6.7
2.6 –1.2
Federal ................................................................
1.3
7.7
5.2 11.9 –3.4 –0.4
1.1 –5.1
7.4
9.3
2.7
8.1
7.8 13.2
6.5 –4.3 11.4
8.0
0.1
National defense..............................................
2.2
7.8
5.4 10.5
1.1 –1.9
8.5 –7.6
8.6 10.0
0.5
8.2
7.0 19.8
3.8 –5.1 14.0
8.4 –3.5
Nondefense .....................................................
–0.6
7.3
4.8 14.7 –11.6
2.9 –12.7
0.3
5.0
7.9
7.6
8.1
9.6
0.1 12.7 –2.5
6.1
7.0
8.3
State and local.....................................................
2.0
0.5 –0.2 –0.3
2.6
1.2
1.1
3.1
2.7
0.9
1.0 –0.5
1.2
0.1 –2.0 –1.5
3.9 –0.6 –2.0
Addenda:
Final sales of domestic product...........................
2.5
0.8 –1.7
5.9
1.2
0.2
4.1
1.8
2.9
3.4
2.8 –0.5
2.7 –2.9 –4.7 –4.1
0.7
1.5
1.9
Gross domestic purchases..................................
1.4 –0.7 –3.3
4.7
1.4
0.8
1.0
1.4
2.4
2.1 –0.2 –1.1 –0.9 –2.5 –5.5 –8.6 –2.3
3.0
5.5
Final sales to domestic purchasers .....................
1.7 –0.4 –2.7
5.2
1.2
0.9
2.0
2.0
2.1
1.9
0.4 –0.9
0.3 –2.7 –4.9 –6.4 –0.9
2.3
1.6
Gross national product (GNP) .............................
2.4
0.6 ..........
5.4
1.3 –0.3
3.2
0.9
3.6
5.4
3.4 –1.1
0.2 –1.8 –6.7 –6.6 –1.0
3.0 ...........
Disposable personal income ...............................
2.2
0.5
0.9
7.7
3.6
1.9
5.3
1.7
0.5
1.7
0.1 –2.4
9.8 –8.5
3.4
0.2
6.2 –3.6
1.9
Current-dollar measures:
GDP .................................................................
5.1
2.6 –1.3
8.6
5.1
3.2
4.8
5.5
6.0
5.3
4.5
1.0
3.5
1.4 –5.4 –4.6 –0.8
2.6
6.3
Final sales of domestic product .......................
5.4
3.0 –0.7
9.2
4.9
3.3
6.0
6.1
5.7
5.1
5.2
1.5
4.7
1.0 –5.2 –2.4
0.6
2.0
2.3
Gross domestic purchases ..............................
4.4
2.4 –3.3
7.6
5.0
3.7
1.9
5.7
5.5
4.3
4.4
2.1
3.2
1.8 –9.2 –9.8 –1.8
4.3
7.5
Final sales to domestic purchasers .................
4.7
2.8 –2.7
8.2
4.8
3.8
3.0
6.3
5.2
4.1
5.0
2.6
4.3
1.5 –9.0 –7.7 –0.5
3.7
3.6
GNP .................................................................
5.4
2.7 ..........
8.6
4.9
2.8
5.1
5.3
6.3
7.1
5.8
0.6
2.3
2.2 –6.7 –4.8 –1.0
3.4 ...........
Disposable personal income............................
4.9
3.9
1.1
9.5
6.7
4.9
5.3
5.5
3.7
4.1
5.2
1.2 14.1 –4.2 –1.8 –1.2
7.7 –1.2
4.3
r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2009.
See “Explanatory Note” at the end of the tables.

Table 2. Contributions to Percent Change in Real Gross Domestic Product
Seasonally adjusted at annual rates
2007

2008

2009

r

2006
I

Percent change at annual rate:
Gross domestic product ...............................
Percentage points at annual rates:
Personal consumption expenditures ..................
Goods .................................................................
Durable goods .................................................
Motor vehicles and parts..............................
Furnishings and durable household
equipment ................................................
Recreational goods and vehicles .................
Other durable goods ....................................
Nondurable goods ...........................................
Food and beverages purchased for offpremises consumption .............................
Clothing and footwear ..................................
Gasoline and other energy goods................
Other nondurable goods ..............................
Services..............................................................
Household consumption expenditures (for
services) ......................................................
Housing and utilities.....................................
Health care...................................................
Transportation services................................
Recreation services .....................................
Food services and accommodations ...........
Financial services and insurance.................
Other services..............................................
Final consumption expenditures of nonprofit
institutions serving households....................
Gross output of nonprofit institutions ...........
Less: Receipts from sales of goods and
services by nonprofit institutions ..............
Gross private domestic investment.................
Fixed investment............................................
Nonresidential ..............................................
Structures.................................................
Equipment and software ..........................
Information processing equipment and
software ............................................
Computers and peripheral
equipment .....................................
Software............................................
Other.................................................
Industrial equipment .............................
Transportation equipment.....................
Other equipment...................................
Residential ...................................................
Change in private inventories.......................
Farm.............................................................
Nonfarm .......................................................
Net exports of goods and services..................
Exports ...........................................................
Goods ..........................................................
Services .......................................................
Imports ...........................................................
Goods ..........................................................
Services .......................................................
Government consumption expenditures and
gross investment ...........................................
Federal............................................................
National defense ..........................................
Consumption expenditures.......................
Gross investment .....................................
Nondefense..................................................
Consumption expenditures.......................
Gross investment .....................................
State and local ...............................................
Consumption expenditures.......................
Gross investment .....................................
Addenda:
Goods ..............................................................
Services...........................................................
Structures ........................................................
Motor vehicle output ........................................
Final sales of computers..................................
r Revised
See “Explanatory Note” at the end of the tables.

2.1

II

2007
III

IV

I

II

2008
III

IV

I

II

2009
III

IV

I

II

III

IV r

0.4

–2.4

5.4

1.4

0.1

3.0

1.2

3.2

3.6

2.1

–0.7

1.5

–2.7

–5.4

–6.4

–0.7

2.2

5.9

1.84 –0.17
0.75 –0.50
0.36 –0.36
0.04 –0.38

–0.42
–0.46
–0.30
–0.21

3.08
1.76
1.35
0.46

1.48
0.15
–0.09
0.00

1.70
0.78
0.37
0.21

2.79
1.39
0.46
–0.02

2.54
0.93
0.45
0.08

0.81
0.05
0.18
0.05

1.35
0.75
0.42
–0.10

0.86
0.71
0.44
0.06

–0.39
–1.24
–0.75
–0.50

0.06
–0.12
–0.46
–0.63

–2.49
–1.89
–0.95
–0.64

–2.15
–2.41
–1.64
–0.84

0.44
0.56
0.28
0.14

–0.62
–0.71
–0.41
–0.14

1.96
1.59
1.36
0.81

1.23
0.66
0.02
–0.53

0.04 –0.06
0.26 0.13
0.01 –0.05
0.39 –0.13

–0.11
0.05
–0.03
–0.16

0.22
0.53
0.14
0.41

–0.09
0.06
–0.05
0.24

0.04
0.18
–0.06
0.40

0.04
0.44
0.01
0.93

0.15 –0.08
0.22 0.16
0.00 0.05
0.48 –0.13

0.07
0.38
0.07
0.33

0.06
0.33
–0.01
0.27

–0.13
–0.04
–0.07
–0.49

0.05
0.25
–0.13
0.35

–0.22
–0.06
–0.03
–0.94

–0.27
–0.30
–0.21
–0.78

–0.13
0.20
0.07
0.29

–0.15
–0.11
–0.02
–0.29

0.12
0.37
0.06
0.23

0.18
0.36
0.01
0.64

0.11 0.00
0.11 –0.01
0.02 –0.12
0.16 –0.01
1.09 0.32

–0.03
–0.10
0.03
–0.06
0.04

0.06
0.14
–0.13
0.35
1.32

0.23
–0.07
0.03
0.06
1.33

0.07
0.14
0.10
0.10
0.92

0.33
0.17
0.00
0.43
1.40

0.10 –0.14
0.19 –0.02
0.05 –0.01
0.14 0.03
1.61 0.76

0.09
0.11
0.01
0.11
0.60

0.22
0.05
–0.10
0.10
0.15

0.05
–0.04
–0.23
–0.27
0.85

0.03
0.16
–0.11
0.27
0.17

–0.29
–0.27
–0.42
0.04
–0.60

–0.41 0.03
–0.21 –0.04
0.27 0.17
–0.43 0.12
0.26 –0.13

0.20
–0.20
0.02
–0.32
0.09

0.21
–0.01
–0.04
0.07
0.37

0.27
0.16
–0.08
0.28
0.57

1.02 0.16
0.12 0.12
0.27 0.31
0.03 –0.11
0.10 0.00
0.05 –0.02
0.28 –0.10
0.18 –0.04

0.11
0.07
0.23
–0.08
–0.03
–0.12
–0.01
0.06

1.12
–0.13
0.32
–0.06
0.12
0.36
0.21
0.28

1.04
0.58
0.06
0.05
0.05
–0.19
0.16
0.32

0.59
0.30
–0.11
–0.01
0.13
0.00
0.13
0.15

1.38
–0.16
0.37
0.09
0.22
0.18
0.40
0.28

1.69
0.21
0.53
0.05
0.08
0.03
0.43
0.36

0.88
0.03
0.20
0.01
0.04
0.04
0.42
0.14

0.34
0.14
0.18
–0.03
0.08
0.05
0.08
–0.16

–0.14
–0.04
0.30
–0.07
0.00
0.09
–0.25
–0.17

0.70
0.33
0.65
–0.17
–0.01
–0.10
–0.13
0.13

0.13
0.11
0.28
–0.15
0.04
0.11
–0.07
–0.18

–0.79
–0.18
–0.06
–0.11
–0.08
–0.11
–0.16
–0.09

0.06
0.46
0.19
–0.17
–0.10
–0.35
–0.24
0.27

0.34
0.02
0.37
–0.15
0.05
–0.07
0.03
0.10

0.30
–0.16
0.44
0.02
–0.04
–0.10
0.14
0.01

0.24
0.07
0.02
0.08
–0.08
–0.09
0.17
0.07

0.50
0.32
0.21
0.01
–0.01
–0.03
0.02
–0.02

0.07
0.18

0.16
0.24

–0.07
0.01

0.20
0.35

0.29
0.23

0.34
0.15

0.01
0.19

–0.08
0.30

–0.12
0.01

0.26
0.13

0.28
0.34

0.15
0.44

0.05
0.17

0.18
0.07

0.20
0.24

–0.46
–0.22

–0.21
0.01

0.13
–0.04

0.07
0.10

0.11
–0.65
–0.35
0.70
0.49
0.20

0.09
–1.18
–0.81
0.19
0.39
–0.20

0.08
–3.44
–2.73
–2.07
–0.83
–1.25

0.15
1.08
1.57
1.84
0.52
1.32

–0.05
–0.11
–0.32
0.80
0.63
0.17

–0.19
–0.99
–0.86
0.49
0.32
0.17

0.18
–1.99
–0.91
0.27
0.05
0.22

0.37
–1.05
–0.43
0.46
0.50
–0.04

0.13
0.92
0.59
1.25
0.75
0.51

–0.14
0.14
–0.04
1.10
0.91
0.19

0.06
–1.29
–0.66
0.78
0.42
0.36

0.29
–1.20
–0.99
0.25
0.27
–0.02

0.12
–1.66
–0.41
0.19
0.56
–0.38

–0.11
–1.04
–1.30
–0.73
0.00
–0.73

0.04 0.24
–3.91 –8.98
–3.28 –6.62
–2.47 –5.29
–0.31 –2.28
–2.15 –3.01

0.22
–3.10
–1.68
–1.01
–0.69
–0.32

–0.17
0.54
–0.15
–0.59
–0.68
0.10

0.03
4.63
0.75
0.62
–0.47
1.09

0.29

0.22

–0.21

0.59

0.10

0.34

0.11

0.11
0.11
0.08
0.06
–0.14
–0.01
–1.05
–0.30
0.03
–0.33
0.63
0.96
0.57
0.39
–0.33
–0.24
–0.09

0.05
0.11
0.06
–0.05
–0.35
–0.03
–1.00
–0.37
–0.04
–0.33
1.20
0.64
0.48
0.16
0.56
0.58
–0.02

–0.04
–0.12
–0.06
–0.32
–0.45
–0.27
–0.65
–0.71
0.04
–0.74
1.07
–1.18
–1.02
–0.16
2.25
2.15
0.10

0.16
0.07
0.36
–0.06
0.62
0.17
–0.27
–0.49
0.04
–0.53
0.44
1.64
1.23
0.41
–1.20
–0.81
–0.39

0.46

0.19

0.32

0.53

0.39

0.26

–0.17

–0.70

–0.79

0.19

0.27

0.90

0.09 0.16
0.07 0.11
–0.07 0.06
0.34 –0.05
–0.26 –0.01
–0.01 –0.11
–1.12 –1.36
0.22 –0.13
–0.36 0.06
0.58 –0.19
0.02 –0.71
0.72 0.06
0.54 0.01
0.18 0.05
–0.70 –0.78
–0.66 –0.74
–0.05 –0.04

0.01 0.18
0.13 0.07
–0.03 0.22
0.03 –0.10
0.05 –0.22
0.03 –0.18
–1.18 –0.89
–1.08 –0.61
0.08 0.27
–1.15 –0.88
1.94 –0.29
1.84 0.39
0.96 0.23
0.87 0.16
0.10 –0.68
0.35 –0.67
–0.25 –0.01

0.02
0.12
0.05
0.45
–0.30
0.16
–0.66
0.32
–0.31
0.64
0.66
0.58
0.48
0.10
0.08
0.13
–0.05

0.13
0.11
0.08
–0.03
–0.18
0.08
–1.14
0.19
0.06
0.13
1.36
1.99
1.11
0.88
–0.63
–0.41
–0.22

0.20
0.20
0.12
–0.22
0.00
0.05
–1.44
–0.63
0.03
–0.66
2.24
1.65
0.97
0.68
0.60
0.51
0.08

0.12
0.22
0.05
0.02
–0.27
–0.16
–1.24
–0.21
–0.29
0.08
0.36
–0.02
0.34
–0.36
0.38
0.46
–0.08

0.03
0.09
0.14
–0.02
–0.58
–0.04
–0.60
–1.25
0.34
–1.59
2.35
1.47
1.17
0.30
0.88
0.67
0.21

–0.19
–0.06
0.07
–0.15
–0.54
0.13
–0.57
0.26
–0.09
0.35
–0.10
–0.48
–0.17
–0.31
0.38
0.55
–0.17

–0.19
–0.17
–0.34
–0.20
–0.87
–0.38
–0.81
–0.64
0.10
–0.74
0.45
–2.67
–2.50
–0.17
3.12
3.09
0.03

–0.08
–0.47
–0.24
–0.82
–0.92
–0.48
–1.33
–2.36
0.05
–2.41
2.64
–3.95
–3.41
–0.54
6.58
6.25
0.34

0.08
0.02
0.09
–0.18
0.09
–0.42
–0.67
–1.42
0.05
–1.47
1.65
–0.45
–0.45
0.00
2.09
1.89
0.21

0.05
0.09
0.13
–0.15
0.10
–0.12
0.43
0.69
–0.01
0.70
–0.81
1.78
1.58
0.20
–2.59
–2.41
–0.18

0.36
0.35
0.20
–0.07
0.28
–0.03
0.13
3.88
–0.21
4.09
0.30
2.32
2.27
0.05
–2.02
–2.13
0.11

0.32 0.59
0.09 0.53
0.10 0.37
0.07 0.27
0.04 0.10
–0.01 0.16
–0.02 0.14
0.00 0.02
0.23 0.06
0.17 0.07
0.06 –0.01

0.37 0.75
0.39 0.79
0.28 0.46
0.22 0.40
0.06 0.06
0.11 0.32
0.10 0.30
0.01 0.02
–0.02 –0.03
–0.02 0.02
0.00 –0.05

0.06
–0.24
0.05
–0.11
0.15
–0.29
–0.23
–0.07
0.30
0.08
0.22

0.11
–0.03
–0.09
0.02
–0.11
0.06
0.06
0.01
0.14
0.18
–0.04

0.21 0.00
0.08 –0.36
0.38 –0.37
0.24 –0.31
0.14 –0.06
–0.30 0.01
–0.30 0.02
0.00 –0.01
0.14 0.36
0.24 0.18
–0.10 0.18

0.82
0.50
0.39
0.24
0.15
0.11
0.08
0.03
0.32
0.21
0.11

0.75
0.63
0.46
0.43
0.03
0.17
0.14
0.03
0.11
0.09
0.02

0.31
0.19
0.03
0.03
0.00
0.16
0.16
0.00
0.12
0.07
0.05

0.51
0.56
0.39
0.27
0.11
0.17
0.18
–0.01
–0.05
0.07
–0.13

0.71
0.55
0.34
0.10
0.24
0.21
0.16
0.05
0.15
0.02
0.14

0.95
0.93
0.93
0.81
0.13
0.00
–0.02
0.02
0.01
0.08
–0.06

0.24
0.49
0.20
0.15
0.05
0.29
0.16
0.13
–0.25
0.04
–0.28

–0.52
–0.33
–0.27
–0.22
–0.05
–0.06
0.06
–0.11
–0.19
–0.04
–0.15

1.33
0.85
0.70
0.53
0.17
0.15
0.12
0.03
0.48
0.01
0.47

0.55
0.62
0.45
0.36
0.09
0.17
0.14
0.04
–0.08
–0.20
0.12

–0.23
0.02
–0.19
–0.06
–0.13
0.21
0.18
0.03
–0.25
–0.02
–0.23

1.01
1.61
–0.49
–0.04
0.13

–1.28
0.29
–1.43
–0.53
0.01

0.52
1.20
–0.27
–0.25
0.11

0.03
1.19
–1.12
0.12
0.07

1.94
2.19
–1.18
–0.33
0.13

1.64
1.34
0.24
0.17
0.15

1.88
1.92
–0.21
0.10
0.29

1.95
1.17
–1.00
–0.30
0.19

–0.55
0.94
–1.12
–0.64
0.06

0.36
0.96
0.13
–1.08
0.16

–1.91
–0.22
–0.55
–0.15
–0.02

–4.54
0.46
–1.30
–1.41
0.02

–2.19
–0.53
–3.70
–1.69
0.06

–0.84
0.96
–0.86
0.19
–0.04

1.60
0.70
–0.06
1.45
–0.08

5.75
0.84
–0.66
0.44
–0.01

0.11
0.94
–0.61
–0.52
0.12

3.17
2.07
0.11
0.43
0.18

–0.22
1.65
–0.23
–0.03
0.02

Table 3. Gross Domestic Product and Related Measures: Level and Change From Preceding Period
Billions of current dollars

Billions of chained (2005) dollars

Seasonally adjusted at annual rates
2009 r

2008

Change from
preceding period

Seasonally adjusted at annual rates
2009 r

2009

2008

2009

2009
2009 r

IV
Gross domestic product .................................
Personal consumption expenditures ....................
Goods ...................................................................
Durable goods ...................................................
Motor vehicles and parts................................
Furnishings and durable household
equipment ..................................................
Recreational goods and vehicles ...................
Other durable goods ......................................
Nondurable goods .............................................
Food and beverages purchased for offpremises consumption ...............................
Clothing and footwear ....................................
Gasoline and other energy goods..................
Other nondurable goods ................................
Services................................................................
Household consumption expenditures (for
services) ........................................................
Housing and utilities.......................................
Health care.....................................................
Transportation services..................................
Recreation services .......................................
Food services and accommodations .............
Financial services and insurance...................
Other services................................................
Final consumption expenditures of nonprofit
institutions serving households......................
Gross output of nonprofit institutions .............
Less: Receipts from sales of goods and
services by nonprofit institutions ................
Gross private domestic investment.......................
Fixed investment .................................................
Nonresidential....................................................
Structures.......................................................
Equipment and software ................................
Information processing equipment and
software ..................................................
Computers and peripheral equipment ....
Software .................................................
Other ......................................................
Industrial equipment...................................
Transportation equipment...........................
Other equipment ........................................
Residential .........................................................
Change in private inventories ............................
Farm ..................................................................
Nonfarm .............................................................
Net exports of goods and services .......................
Exports .................................................................
Goods ................................................................
Services.............................................................
Imports .................................................................
Goods ................................................................
Services.............................................................
Government consumption expenditures and
gross investment .................................................
Federal..................................................................
National defense................................................
Consumption expenditures ............................
Gross investment ...........................................
Nondefense .......................................................
Consumption expenditures ............................
Gross investment ...........................................
State and local .....................................................
Consumption expenditures ............................
Gross investment ...........................................
Residual ....................................................................
Addenda:
Final sales of domestic product.............................
Gross domestic purchases....................................
Final sales to domestic purchasers .......................
Gross domestic product .....................................
Plus: Income receipts from the rest of the world ...
Less: Income payments to the rest of the world ....
Equals: Gross national product .........................
Net domestic product.............................................

I

II

III

IV r

IV

I

II

III

IV r

14,258.2 14,347.3 14,178.0 14,151.2 14,242.1 14,461.7 12,990.3 13,141.9 12,925.4 12,901.5 12,973.0 13,161.1
10,088.5 10,009.8 9,987.7 9,999.3 10,132.9 10,234.3 9,235.6 9,195.3 9,209.2 9,189.0 9,252.6 9,291.7
3,255.2 3,227.5 3,197.7 3,193.8 3,292.3 3,337.0 3,144.1 3,110.4 3,129.8 3,105.4 3,159.6 3,181.8
1,034.9 1,019.9 1,025.2 1,011.5 1,051.3 1,051.7 1,101.3 1,076.8 1,087.2 1,071.7 1,122.7 1,123.4
312.8
296.4
300.6
299.5
331.7
319.6
317.2
306.2
311.2
306.2
335.2
316.3

III

IV r

–321.9
–55.3
–61.9
–45.0
–30.3

71.5
63.6
54.2
51.0
29.0

188.1
39.1
22.2
0.7
–18.9

253.3
328.0
140.8
2,220.2

259.1
327.3
137.1
2,207.6

255.7
329.6
139.3
2,172.4

251.3
321.3
139.4
2,182.2

251.6
326.8
141.3
2,241.0

254.7
334.1
143.3
2,285.3

259.2
411.8
124.2
2,037.0

264.2
394.3
121.4
2,026.1

259.4
403.1
123.5
2,035.5

254.2
398.4
122.9
2,025.7

258.4
414.8
124.9
2,033.3

265.0
431.0
125.3
2,053.7

–16.3
8.8
–3.8
–20.3

4.2
16.4
2.0
7.6

6.6
16.2
0.4
20.4

790.3
325.8
304.5
799.7
6,833.4

787.5
326.5
321.2
772.5
6,782.3

786.5
327.9
271.0
787.0
6,790.0

786.3
321.6
279.4
795.0
6,805.6

789.4
324.8
324.4
802.3
6,840.6

798.9
328.8
343.0
814.6
6,897.3

697.4
330.0
292.5
720.3
6,088.4

686.4
335.4
287.2
720.8
6,080.4

687.4
334.0
293.2
724.7
6,076.0

693.5
326.9
294.0
714.5
6,078.8

700.1
326.7
292.7
716.7
6,090.6

708.6
332.6
290.1
725.6
6,108.2

–3.3
–15.0
5.1
–8.4
5.3

6.6
–0.2
–1.3
2.2
11.8

8.5
5.9
–2.6
8.9
17.6

6,568.3
1,877.1
1,626.2
304.6
382.4
605.7
828.7
943.5

6,494.1
1,872.1
1,574.9
305.7
380.9
607.3
823.5
929.8

6,522.0
1,878.8
1,598.0
301.6
383.4
607.3
816.7
936.0

6,545.9
1,871.1
1,622.6
301.1
381.5
606.0
824.9
938.7

6,575.7
1,872.5
1,633.0
306.3
382.5
603.7
832.4
945.3

6,629.4
1,886.0
1,651.3
309.4
382.2
605.6
840.8
954.0

5,832.0
1,656.6
1,446.6
263.7
345.2
529.8
757.9
833.3

5,806.6
1,656.3
1,422.4
266.7
346.1
535.9
750.6
829.2

5,817.2
1,656.9
1,434.3
261.9
347.7
533.7
751.4
832.2

5,826.7
1,651.8
1,448.2
262.5
346.3
530.5
756.1
832.4

5,834.3
1,654.0
1,448.6
265.0
343.6
527.9
761.8
834.6

5,849.7
1,664.0
1,455.3
265.3
343.1
526.9
762.3
833.9

14.4
9.4
30.2
–10.1
–4.6
–15.6
–1.9
7.6

7.6
2.2
0.4
2.5
–2.7
–2.6
5.7
2.2

15.4
10.0
6.7
0.3
–0.5
–1.0
0.5
–0.7

265.1
1,069.5

288.2
1,066.1

268.0
1,060.8

259.7
1,065.8

264.9
1,070.7

267.9
1,080.7

256.7
958.3

275.4
965.1

259.4
957.8

252.0
958.2

256.5
957.0

258.8
960.0

–9.9
1.6

4.5
–1.2

2.3
3.0

804.4
1,630.9
1,751.0
1,389.7
481.3
908.4

778.0
2,022.1
2,066.6
1,638.7
620.7
1,018.0

792.7
1,689.9
1,817.2
1,442.6
533.1
909.5

806.1
1,561.5
1,737.7
1,391.8
494.8
897.0

805.8
1,556.1
1,712.6
1,353.9
457.9
895.9

812.8
1,716.1
1,736.5
1,370.6
439.3
931.3

701.6
1,529.6
1,649.3
1,291.9
391.4
890.3

691.0
1,857.7
1,909.3
1,496.1
484.0
993.7

698.7
1,558.5
1,687.5
1,321.2
419.4
887.5

705.7
1,456.7
1,631.9
1,288.4
400.0
876.5

700.5
1,474.4
1,626.7
1,269.0
380.2
879.8

701.4
1,628.7
1,651.2
1,289.1
366.2
917.4

10.6
–459.8
–369.1
–277.8
–95.4
–178.3

–5.2
17.7
–5.2
–19.4
–19.8
3.3

0.9
154.3
24.5
20.1
–14.0
37.6

522.6
74.9
244.2
203.5
150.2
72.2
163.5
361.3
–120.1
–2.4
–117.8
–392.3
1,563.7
1,038.4
525.4
1,956.0
1,575.3
380.7

540.2
75.8
258.7
205.6
187.9
95.3
194.7
427.8
–44.5
–3.7
–40.8
–590.5
1,706.2
1,155.7
550.5
2,296.7
1,892.5
404.2

508.3
71.1
240.5
196.7
157.8
65.4
178.0
374.6
–127.4
–1.3
–126.1
–378.5
1,509.3
989.5
519.8
1,887.9
1,508.2
379.6

512.2
72.0
240.2
200.1
151.4
70.6
162.7
345.9
–176.2
0.6
–176.8
–339.1
1,493.7
978.1
515.6
1,832.8
1,461.1
371.7

519.0
72.5
241.4
205.1
146.5
73.2
157.2
358.8
–156.5
0.0
–156.5
–402.2
1,573.8
1,045.2
528.5
1,976.0
1,592.8
383.1

550.7
556.5
567.6
537.5
544.8
554.9
589.0
–32.3
10.1
34.1
83.9 .............. .............. .............. .............. .............. .............. .............. .............. ..............
254.5
240.6
252.2
235.5
236.2
239.2
251.4
–16.4
3.0
12.2
212.3
202.4
204.3
195.8
199.1
203.9
210.8
–8.7
4.8
6.9
144.9
133.6
167.2
140.8
135.2
130.4
128.3
–41.1
–4.8
–2.1
79.6
65.9
90.9
59.8
62.7
66.0
74.9
–63.0
3.3
8.9
156.0
145.1
172.6
157.3
144.0
140.1
139.1
–35.2
–3.9
–1.0
366.0
359.0
415.0
367.9
344.4
359.6
364.0
–92.1
15.2
4.4
–20.4 –107.6
–37.4 –113.9 –160.2 –139.2
–16.9
–81.7
21.0
122.3
–8.7
–0.3
–1.9
0.3
2.2
1.9
–5.7
5.0
–0.3
–7.6
–11.7 –107.7
–35.7 –114.9 –163.1 –141.4
–11.2
–87.3
21.7
130.2
–449.2 –355.4 –470.9 –386.5 –330.4 –357.4 –347.1
138.9
–27.0
10.3
1,678.1 1,472.1 1,568.0 1,434.5 1,419.5 1,478.8 1,555.5 –157.2
59.3
76.7
1,140.7
990.1 1,072.9
956.1
940.7
993.9 1,069.7 –137.4
53.2
75.8
537.4
481.0
494.9
477.2
477.4
483.9
485.6
–20.7
6.5
1.7
2,127.3 1,827.4 2,038.9 1,821.0 1,749.8 1,836.2 1,902.7 –296.1
86.4
66.5
1,739.1 1,483.8 1,682.6 1,474.4 1,409.4 1,490.6 1,560.9 –283.5
81.2
70.3
388.1
343.2
356.9
346.2
339.5
345.3
341.8
–13.3
5.8
–3.5

2,931.0 2,905.9 2,879.0 2,929.4 2,955.4 2,960.4
1,144.9 1,114.3 1,106.7 1,138.3 1,164.3 1,170.4
779.1
758.9
750.7
776.2
795.8
793.8
666.6
648.8
642.9
662.7
679.3
681.6
112.5
110.1
107.8
113.5
116.5
112.1
365.8
355.3
356.0
362.1
368.5
376.7
319.7
306.6
311.3
316.4
321.9
329.2
46.1
48.8
44.7
45.7
46.6
47.5
1,786.1 1,791.7 1,772.3 1,791.2 1,791.1 1,790.0
1,430.5 1,441.7 1,424.4 1,429.9 1,429.8 1,438.0
355.6
350.0
347.9
361.3
361.3
352.0
............... ............... ............... .............. .............. ..............
14,378.4
14,650.5
14,770.6
14,258.2
...............
...............
...............
12,394.7

14,391.8
14,937.8
14,982.3
14,347.3
714.4
607.4
14,454.3
12,466.4

14,305.3
14,556.5
14,683.9
14,178.0
579.6
479.7
14,277.9
12,294.4

14,327.4
14,490.3
14,666.5
14,151.2
571.3
478.6
14,243.8
12,287.2

14,398.7
14,644.3
14,800.9
14,242.1
590.6
469.1
14,363.7
12,391.4

14,482.1
14,910.8
14,931.2
14,461.7
..............
..............
..............
12,605.9

2,564.8
1,026.7
695.1
589.3
106.7
331.5
286.6
44.9
1,541.1
1,249.4
291.6
–11.7

2,544.0
1,007.3
681.7
578.7
103.8
325.4
278.4
47.2
1,539.3
1,253.6
285.9
8.4

2,527.2
996.3
672.8
571.5
102.0
323.4
280.1
43.3
1,533.3
1,252.3
281.5
–1.1

2,568.6
1,023.5
695.2
588.2
107.8
328.2
284.0
44.3
1,548.0
1,252.7
294.9
–2.9

2,585.5
1,043.3
709.3
599.6
110.7
333.8
288.3
45.5
1,545.5
1,246.6
298.4
–13.7

13,112.8
13,338.9
13,460.8
12,990.3
..............
..............
..............
11,252.7

13,193.5
13,604.0
13,654.9
13,141.9
652.7
554.2
13,240.5
11,416.0

13,055.8
13,303.1
13,432.7
12,925.4
530.9
438.5
13,018.1
11,193.2

13,077.8
13,225.9
13,401.4
12,901.5
522.5
437.5
12,986.8
11,167.0

13,127.2
13,323.8
13,477.2
12,973.0
538.2
427.5
13,084.0
11,235.2

2,577.9
46.7
16.9
–7.6
1,043.7
50.8
19.8
0.4
703.1
35.7
14.1
–6.2
597.7
27.7
11.4
–1.9
106.1
8.3
2.9
–4.6
340.5
15.1
5.6
6.7
294.2
13.1
4.3
5.9
46.4
1.9
1.2
0.9
1,537.8
–2.6
–2.5
–7.7
1,245.9
–2.1
–6.1
–0.7
291.5
–0.7
3.5
–6.9
–29.4 .............. .............. ..............
13,190.5 –228.4
13,502.8 –462.3
13,531.8 –369.0
13,161.1 –321.9
.............. ..............
.............. ..............
.............. ..............
11,415.7 –344.4

49.4
63.3
97.9
179.0
75.8
54.6
71.5
188.1
15.7 ..............
–10.0 ..............
97.2 ..............
68.2
180.5

r Revised
NOTE. Users are cautioned that particularly for components that exhibit rapid change in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s
relative importance or its contribution to the growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in real gross domestic product, use table 2.
See “Explanatory Note” at the end of the tables.

Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2007

2008

2009

r

2006
I

II

2007
III

IV

I

II

2008
III

IV

I

II

2009
III

IV

I

II

III

IV r

Gross domestic product (GDP) ................
2.9
2.1
1.2
3.0
3.6
3.1
1.8
4.2
2.7
1.6
2.3
1.9
1.8
4.0
0.1
1.9
0.0
0.4
0.4
Personal consumption expenditures ..................
2.7
3.3
0.2
1.7
3.0
3.0 –0.1
3.7
3.2
2.3
5.1
3.7
3.9
4.7 –5.0 –1.5
1.4
2.6
2.3
Goods..................................................................
1.3
3.3 –2.5 –0.3
2.6
2.2 –5.8
3.2
3.7
0.3
7.0
5.2
3.8
6.8 –16.1 –6.0
2.7
5.4
2.6
Durable goods .................................................
–1.8 –1.2 –1.6 –1.2 –1.6 –1.9 –2.0 –1.6 –1.4 –2.8 –1.4
0.0 –0.9 –1.2 –3.3 –1.7
0.3 –3.1 –0.1
Nondurable goods ...........................................
2.9
5.6 –2.8
0.1
5.0
4.5 –7.7
5.9
6.6
1.9 11.5
7.8
6.1 10.8 –21.5 –7.9
3.8
9.6
3.9
Services...............................................................
3.4
3.4
1.5
2.8
3.3
3.3
3.1
4.0
2.9
3.4
4.2
2.9
4.0
3.6
1.0
0.7
0.7
1.3
2.2
Gross private domestic investment.....................
2.2
0.6 –0.8
4.7
3.5
2.5
3.8
2.8
0.6
0.8
1.0 –1.6
0.6
2.3
5.3 –1.8 –4.5 –5.7 –0.7
Fixed investment..................................................
2.2
0.8 –1.3
4.7
3.5
2.4
3.7
2.7
0.8
0.8
1.1 –0.7
1.1
2.5
1.3 –2.0 –4.4 –4.4 –0.4
Nonresidential..................................................
2.6
1.6 –0.3
3.5
3.3
3.0
3.9
3.2
1.6
0.9
1.3 –0.3
2.1
4.4
4.4 –1.3 –4.2 –4.9 –1.4
Structures.....................................................
7.4
3.2 –1.9 11.8 11.4
8.0 11.5
9.2
3.7
3.3
3.4
0.6
2.7
6.7
7.9 –3.5 –10.2 –10.1 –1.6
Equipment and software ..............................
0.5
0.7
0.5
0.6
0.3
1.0
0.7
0.6
0.6 –0.2
0.2 –0.7
1.7
3.1
2.5
0.1 –0.6 –1.9 –1.3
Residential .......................................................
1.3 –1.6 –4.8
7.1
4.1
1.3
3.4
1.5 –1.1
0.6
0.9 –1.5 –1.6 –3.8 –9.5 –4.9 –5.2 –2.7
3.1
Change in private inventories .............................. .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... ..........
Net exports of goods and services ..................... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... ..........
Exports ................................................................
3.5
4.9 –5.5
2.9
5.2
5.0
0.2
3.6
4.5
3.3
6.7
7.6 10.2
6.3 –21.4 –12.6
0.1
4.6
5.6
Goods ..............................................................
3.6
5.0 –6.6
2.7
5.5
5.5
0.9
3.1
4.2
3.0
6.8
8.3 12.1
5.6 –25.4 –14.8
1.9
4.6
5.7
Services...........................................................
3.5
4.8 –2.9
3.4
4.4
3.9 –1.6
4.5
5.1
4.2
6.5
6.0
6.0
7.8 –11.9 –8.1 –3.3
4.5
5.4
Imports ................................................................
3.7 10.7 –10.5
1.6
4.2
3.1 –4.6
3.2
6.3
6.2 20.5 15.5 21.4
7.1 –34.3 –28.3
4.2 11.4 16.5
Goods ..............................................................
3.7 11.4 –11.8
0.8
4.0
3.2 –5.4
3.4
6.2
6.1 22.9 17.2 22.4
7.1 –37.0 –31.6
5.5 12.9 18.2
Services...........................................................
3.9
7.2 –4.1
6.2
5.5
2.7 –0.2
2.3
7.2
6.6
8.7
7.0 16.9
7.5 –19.1 –12.1 –0.7
5.5
9.6
Government consumption expenditures and
gross investment ...............................................
4.5
4.5 –0.2
5.3
5.6
3.1
2.4
7.1
4.7
2.7
5.5
6.3
6.3
4.2 –5.8 –1.1
0.4
0.9
1.9
Federal ................................................................
3.5
3.0
0.5
9.8
4.3
1.2
0.5
8.6
3.5
0.6
2.5
5.6
4.4
1.9 –4.1
1.7
0.5
1.4
2.0
National defense..............................................
3.7
3.3
0.2 10.5
4.6
1.5
0.3
8.3
4.1
1.2
3.3
5.5
5.7
2.4 –6.0
0.9
0.3
1.9
2.5
Nondefense .....................................................
3.1
2.1
1.3
8.4
3.7
0.7
0.9
9.0
2.3 –0.7
0.9
6.0
1.7
0.8
0.2
3.3
0.9
0.3
0.8
State and local.....................................................
5.1
5.4 –0.6
2.8
6.4
4.2
3.4
6.3
5.3
3.9
7.3
6.6
7.4
5.6 –6.9 –2.8
0.4
0.6
1.8
Addenda:
Final sales of domestic product...........................
2.9
2.1
1.0
3.0
3.6
3.1
1.8
4.2
2.7
1.6
2.3
2.0
1.9
4.0 –0.5
1.8 –0.1
0.5
0.4
Gross domestic purchases..................................
2.9
3.2
0.0
2.8
3.6
2.9
1.0
4.2
3.1
2.2
4.6
3.4
3.9
4.3 –3.8 –1.4
0.5
1.3
1.9
Final sales to domestic purchasers .....................
2.9
3.2 –0.1
2.8
3.6
2.9
1.0
4.2
3.1
2.2
4.6
3.5
4.0
4.3 –4.3 –1.5
0.5
1.4
1.9
Gross national product (GNP) .............................
2.9
2.1 ..........
3.0
3.6
3.1
1.8
4.3
2.7
1.6
2.3
1.9
1.8
4.0
0.0
1.8
0.0
0.4 ..........
Implicit price deflators:
GDP .................................................................
2.9
2.1
1.2
3.0
3.6
3.1
1.8
4.3
2.7
1.7
2.4
1.7
2.0
4.1
0.0
1.9
0.0
0.4
0.4
Gross domestic purchases ..............................
2.9
3.2
0.1
2.8
3.5
2.9
0.9
4.2
3.0
2.2
4.6
3.2
4.1
4.4 –3.9 –1.4
0.5
1.3
1.9
GNP .................................................................
2.9
2.1 ..........
3.0
3.6
3.1
1.8
4.3
2.7
1.7
2.4
1.8
2.0
4.2 –0.1
1.9
0.0
0.4 ..........
r Revised
See “Explanatory Note” at the end of the tables.

Table 5. Real Gross Domestic Product, Quantity Indexes
[Index numbers, 2005=100]
Seasonally adjusted
2007

2008

2009 r

2008
IV

2009
I

II

III

IV r

Gross domestic product .................................................................
104.872
105.331
102.784
103.984
102.271
102.082
102.648
104.136
Personal consumption expenditures............................................................
105.612
105.351
104.724
104.267
104.425
104.196
104.917
105.360
Goods ...........................................................................................................
106.499
104.296
102.285
101.186
101.817
101.023
102.789
103.510
Durable goods...........................................................................................
108.543
103.692
99.618
97.401
98.345
96.947
101.561
101.616
Nondurable goods.....................................................................................
105.405
104.513
103.486
102.929
103.405
102.911
103.295
104.332
Services ........................................................................................................
105.147
105.883
105.976
105.837
105.761
105.809
106.014
106.320
Gross private domestic investment ..............................................................
98.801
91.585
70.414
85.519
71.746
67.059
67.874
74.977
Fixed investment ...........................................................................................
100.189
95.106
77.715
89.964
79.514
76.895
76.647
77.804
Nonresidential ...........................................................................................
114.617
116.502
95.885
111.040
98.061
95.623
94.183
95.675
Structures ..............................................................................................
125.495
138.392
111.282
137.603
119.243
113.716
108.074
104.094
Equipment and software........................................................................
110.184
107.332
89.424
99.808
89.143
88.036
88.370
92.147
Residential ................................................................................................
75.490
58.213
46.323
53.549
47.478
44.436
46.403
46.973
Change in private inventories........................................................................ .................. .................. .................. ................... .................. .................. ................... ...................
Exports of goods and services .....................................................................
118.472
124.842
112.799
120.149
109.922
108.766
113.315
119.193
Imports of goods and services .....................................................................
108.188
104.721
90.120
100.547
89.804
86.292
90.554
93.830
Government consumption expenditures and gross investment................
103.090
106.252
108.225
107.346
106.639
108.386
109.097
108.779
Federal..........................................................................................................
103.434
111.362
117.162
114.946
113.693
116.801
119.057
119.098
State and local ..............................................................................................
102.886
103.355
103.184
103.061
102.660
103.640
103.479
102.958
Addenda:
Final sales of domestic product ....................................................................
105.131
105.980
104.166
104.806
103.713
103.888
104.280
104.783
Gross domestic purchases ...........................................................................
104.046
103.294
99.834
101.818
99.566
98.988
99.721
101.060
Final sales to domestic purchasers...............................................................
104.288
103.896
101.124
102.583
100.913
100.678
101.247
101.658
Gross national product..................................................................................
104.925
105.552 ..................
103.965
102.219
101.973
102.737 ...................
r Revised
See “Explanatory Note” at the end of the tables.

Table 6. Price Indexes for Gross Domestic Product
[Index numbers, 2005=100]
Seasonally adjusted
2007

2008

2009 r

2008
IV

2009
I

II

III

IV r

Gross domestic product .................................................................
106.221
108.481
109.736
109.155
109.661
109.656
109.763
109.865
Personal consumption expenditures (PCE) .................................................
105.502
109.031
109.229
108.855
108.449
108.814
109.510
110.141
Goods ...........................................................................................................
102.789
106.150
103.540
103.784
102.186
102.864
104.216
104.894
Durable goods...........................................................................................
96.714
95.537
94.009
94.743
94.326
94.407
93.660
93.642
Nondurable goods.....................................................................................
106.250
112.188
108.997
108.971
106.739
107.736
110.227
111.289
Services ........................................................................................................
106.964
110.582
112.233
111.542
111.749
111.954
112.312
112.918
Gross private domestic investment ..............................................................
106.677
107.355
106.505
108.738
108.245
107.019
105.465
105.292
Fixed investment ...........................................................................................
106.718
107.551
106.136
108.217
107.668
106.463
105.265
105.147
Nonresidential ...........................................................................................
106.209
107.897
107.522
109.498
109.154
107.993
106.656
106.287
Structures ..............................................................................................
121.275
125.207
122.803
128.238
127.092
123.706
120.451
119.964
Equipment and software........................................................................
100.715
101.455
102.009
102.415
102.450
102.304
101.802
101.480
Residential ................................................................................................
107.513
105.779
100.741
103.198
101.915
100.554
99.863
100.633
Change in private inventories........................................................................ .................. .................. .................. .................. ................... ................... .................. ..................
Exports of goods and services .....................................................................
107.103
112.389
106.239
108.871
105.265
105.284
106.473
107.934
Imports of goods and services .....................................................................
108.017
119.559
107.036
112.730
103.746
104.821
107.688
111.886
Government consumption expenditures and gross investment................
109.552
114.502
114.282
114.233
113.924
114.051
114.312
114.841
Federal..........................................................................................................
107.754
110.938
111.513
110.628
111.084
111.214
111.601
112.151
State and local ..............................................................................................
110.615
116.642
115.898
116.396
115.587
115.713
115.889
116.403
Addenda:
1
PCE excluding food and energy .................................................................
104.699
107.207
108.840
107.866
108.173
108.712
109.027
109.448
Market-based PCE 2 .....................................................................................
105.334
108.954
109.270
108.781
108.452
108.848
109.606
110.174
Market-based PCE excluding food and energy 2 ..........................................
104.368
106.811
108.826
107.616
108.133
108.737
109.060
109.373
Final sales of domestic product ....................................................................
106.226
108.507
109.646
109.078
109.566
109.550
109.681
109.787
Gross domestic purchases ...........................................................................
106.408
109.765
109.809
109.790
109.395
109.533
109.895
110.414
Final sales to domestic purchasers...............................................................
106.412
109.792
109.727
109.718
109.311
109.437
109.819
110.339
Gross national product..................................................................................
106.223
108.484 ..................
109.149
109.647
109.648
109.760 ..................
Implicit price deflators:
Gross domestic product ............................................................................
106.214
108.483
109.761
109.172
109.691
109.686
109.783
109.882
Final sales of domestic product.................................................................
106.226
108.507
109.651
109.083
109.571
109.555
109.686
109.792
Gross domestic purchases........................................................................
106.400
109.767
109.833
109.805
109.422
109.560
109.911
110.428
Final sales to domestic purchasers...........................................................
106.412
109.792
109.731
109.721
109.314
109.440
109.822
110.342
Gross national product ..............................................................................
106.215
108.486 ..................
109.167
109.678
109.679
109.780 ..................
r Revised
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial
services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Percentage changes for these series are included in the
addenda to table 8 and appendix table A.
See “Explanatory Note” at the end of the tables.

Table 7. Real Gross Domestic Product: Percent Change From Preceding Year
1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009 r

Gross domestic product (GDP) ..............................................
4.1
2.5
3.7
4.5
4.4
4.8
4.1
1.1
1.8
2.5
3.6
3.1
2.7
2.1
0.4
–2.4
Personal consumption expenditures ................................................
3.8
2.7
3.5
3.7
5.2
5.5
5.1
2.7
2.7
2.8
3.5
3.4
2.9
2.6
–0.2
–0.6
Goods................................................................................................
5.3
3.0
4.5
4.8
6.8
8.0
5.3
3.1
4.1
4.6
4.4
4.0
3.3
3.1
–2.1
–1.9
Durable goods ...............................................................................
8.0
3.9
7.5
8.2
12.2
13.0
8.8
5.4
7.6
6.0
6.6
5.2
4.1
4.3
–4.5
–3.9
Nondurable goods .........................................................................
3.9
2.5
2.9
2.9
3.8
5.1
3.2
1.8
2.0
3.7
3.2
3.4
2.8
2.5
–0.8
–1.0
Services.............................................................................................
3.0
2.5
2.9
3.1
4.4
4.1
5.0
2.5
1.9
1.9
2.9
3.0
2.7
2.4
0.7
0.1
Gross private domestic investment...................................................
13.6
3.1
8.8
12.4
10.0
8.8
6.8
–7.0
–1.4
3.6
10.0
5.5
2.7
–3.8
–7.3 –23.1
Fixed investment................................................................................
9.4
6.4
9.0
9.2
10.9
9.3
7.4
–1.9
–4.2
3.2
7.3
6.5
2.3
–2.1
–5.1 –18.3
Nonresidential................................................................................
9.2
10.5
9.3
12.1
12.0
10.4
9.8
–2.8
–7.9
0.9
6.0
6.7
7.9
6.2
1.6 –17.7
Structures...................................................................................
1.8
6.4
5.7
7.3
5.1
0.1
7.8
–1.5 –17.7
–3.8
1.1
1.4
9.2
14.9
10.3 –19.6
Equipment and software ............................................................
11.9
12.0
10.6
13.8
14.5
14.1
10.5
–3.2
–4.2
2.5
7.7
8.5
7.4
2.6
–2.6 –16.7
Residential .....................................................................................
9.7
–3.3
8.0
1.9
7.7
6.3
1.0
0.6
5.2
8.2
9.8
6.2
–7.3 –18.5 –22.9 –20.4
Change in private inventories ............................................................ ........... ........... ........... ........... ........... ............ ............ ........... ........... ........... ........... ........... ........... ........... ............ ...........
Net exports of goods and services ................................................... ........... ........... ........... ........... ........... ............ ............ ........... ........... ........... ........... ........... ........... ........... ............ ...........
Exports ..............................................................................................
8.7
10.1
8.3
11.9
2.3
4.4
8.6
–5.6
–2.0
1.6
9.5
6.7
9.0
8.7
5.4
–9.6
Goods ............................................................................................
9.7
11.7
8.8
14.4
2.2
3.8
11.1
–6.2
–3.6
1.8
8.5
7.5
9.4
7.4
5.9 –12.2
Services.........................................................................................
6.4
6.3
7.0
5.9
2.4
5.7
2.7
–4.1
1.9
1.2
11.9
5.0
7.9
11.8
4.2
–4.1
Imports ..............................................................................................
11.9
8.0
8.7
13.5
11.7
11.5
13.0
–2.8
3.4
4.4
11.0
6.1
6.1
2.0
–3.2 –13.9
Goods ............................................................................................
13.4
9.0
9.4
14.4
11.8
12.5
13.4
–3.2
3.7
4.9
11.0
6.8
5.9
1.7
–3.9 –16.0
Services.........................................................................................
5.3
3.0
5.2
8.7
10.9
6.8
11.0
–0.8
1.8
1.9
11.2
2.8
7.1
3.5
0.7
–3.7
Government consumption expenditures and gross investment ....
0.0
0.6
1.0
1.9
2.1
3.6
2.0
3.8
4.7
2.2
1.4
0.3
1.4
1.7
3.1
1.9
Federal ..............................................................................................
–3.8
–2.7
–1.2
–1.0
–1.1
1.9
0.5
4.1
7.3
6.6
4.1
1.3
2.1
1.3
7.7
5.2
National defense............................................................................
–4.9
–3.7
–1.3
–2.8
–2.1
1.9
–0.5
3.8
7.4
8.7
5.7
1.5
1.6
2.2
7.8
5.4
Nondefense ...................................................................................
–1.4
–0.4
–0.8
2.7
0.8
2.1
2.4
4.6
7.2
2.8
1.0
0.9
3.2
–0.6
7.3
4.8
State and local...................................................................................
2.6
2.7
2.3
3.6
3.9
4.5
2.8
3.7
3.3
–0.1
–0.2
–0.2
0.9
2.0
0.5
–0.2
Addenda:
Final sales of domestic product.........................................................
3.5
3.0
3.7
3.9
4.4
4.9
4.2
2.0
1.3
2.4
3.2
3.2
2.6
2.5
0.8
–1.7
Gross domestic purchases................................................................
4.5
2.4
3.8
4.7
5.5
5.7
4.8
1.2
2.4
2.8
4.0
3.2
2.6
1.4
–0.7
–3.3
Final sales to domestic purchasers ...................................................
3.8
2.8
3.8
4.2
5.6
5.8
4.9
2.1
1.9
2.8
3.6
3.3
2.5
1.7
–0.4
–2.7
Gross national product ......................................................................
3.9
2.6
3.7
4.3
4.3
4.9
4.2
1.2
1.8
2.6
3.7
3.1
2.4
2.4
0.6 ...........
Real disposable personal income......................................................
3.2
3.0
3.3
3.5
6.0
3.0
5.1
2.4
3.3
2.5
3.4
1.3
4.0
2.2
0.5
0.9
Price indexes:
Gross domestic purchases ............................................................
2.1
2.1
1.8
1.5
0.7
1.6
2.5
1.9
1.4
2.3
3.0
3.7
3.4
2.9
3.2
0.0
Gross domestic purchases excluding food and energy 1 ...............
2.2
2.2
1.6
1.5
1.0
1.5
2.0
1.8
1.7
2.0
2.7
3.3
3.2
2.7
2.6
0.8
GDP ...............................................................................................
2.1
2.1
1.9
1.8
1.1
1.5
2.2
2.3
1.6
2.2
2.8
3.3
3.3
2.9
2.1
1.2
1
GDP excluding food and energy ..................................................
2.1
2.1
1.8
1.8
1.2
1.6
2.2
2.0
1.8
2.1
2.8
3.5
3.3
2.8
2.3
0.8
Personal consumption expenditures..............................................
2.1
2.2
2.2
1.9
1.0
1.6
2.5
1.9
1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2009.
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.

Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago
2006
I

II

2007
III

IV

I

II

2008
III

IV

I

II

2009
III

IV

I

II

III r

IV r

Gross domestic product (GDP) ..............................................
3.0
3.0
2.2
2.4
1.4
1.9
2.7
2.5
2.0
1.6
0.0
–1.9
–3.3
–3.8
–2.6
0.1
Personal consumption expenditures (PCE)......................................
3.1
2.6
2.5
3.3
3.1
2.8
2.7
2.0
0.9
0.6
–0.7
–1.8
–1.5
–1.7
–0.2
1.0
Goods................................................................................................
3.7
2.5
2.5
4.3
3.4
3.3
3.3
2.6
0.3
0.1
–2.7
–5.9
–4.1
–4.7
–1.1
2.3
Durable goods ...............................................................................
5.4
2.3
2.3
6.3
3.6
4.4
4.6
4.6
0.8
–1.2
–5.4 –11.8
–8.9
–8.8
–1.5
4.3
Nondurable goods .........................................................................
2.8
2.6
2.7
3.2
3.3
2.7
2.6
1.5
0.0
0.7
–1.2
–2.9
–1.7
–2.7
–0.9
1.4
Services.............................................................................................
2.7
2.7
2.6
2.8
2.9
2.6
2.4
1.7
1.3
0.9
0.3
0.3
–0.2
–0.2
0.3
0.5
Gross private domestic investment...................................................
4.4
6.1
3.5
–3.0
–5.8
–4.4
–2.8
–2.0
–2.3
–6.3
–8.1 –12.5 –25.2 –28.1 –25.9 –12.3
Fixed investment................................................................................
5.8
3.5
0.9
–0.8
–3.7
–2.4
–1.2
–0.9
–1.9
–3.4
–5.4
–9.6 –18.8 –21.0 –19.5 –13.5
Nonresidential................................................................................
7.8
8.2
7.8
7.8
4.5
5.5
6.8
7.9
7.3
4.8
0.9
–6.0 –17.4 –19.7 –19.6 –13.8
Structures...................................................................................
2.5
8.2
13.2
13.0
12.2
12.3
16.2
18.9
16.5
14.5
7.9
3.2 –12.0 –18.9 –22.9 –24.4
Equipment and software ............................................................
9.8
8.1
5.9
6.0
1.6
2.7
2.7
3.2
3.1
0.2
–2.7 –10.7 –20.2 –20.2 –17.9
–7.7
Residential .....................................................................................
2.3
–4.5 –11.0 –15.7 –18.5 –17.5 –17.8 –20.5 –23.5 –24.2 –22.6 –21.0 –23.9 –25.6 –18.9 –12.3
Change in private inventories ............................................................ ........... ........... ........... ........... ............ ............ ........... ........... ........... ........... ........... ............ ............ ........... ........... ...........
Net exports of goods and services ................................................... ........... ........... ........... ........... ............ ............ ........... ........... ........... ........... ........... ............ ............ ........... ........... ...........
Exports ..............................................................................................
8.8
8.3
8.5
10.2
7.0
6.6
11.0
10.2
9.3
11.0
5.4
–3.4 –11.6 –15.0 –10.7
–0.8
Goods ............................................................................................
10.4
8.8
9.1
9.4
5.8
5.5
9.2
9.0
9.3
11.3
7.0
–3.4 –14.8 –18.9 –13.9
–0.3
Services.........................................................................................
5.4
7.3
6.9
12.0
9.7
9.0
15.3
13.0
9.1
10.4
1.9
–3.5
–4.8
–6.5
–3.3
–1.9
Imports ..............................................................................................
6.5
6.6
7.2
4.1
3.3
2.0
1.7
0.9
–0.8
–1.9
–3.3
–6.8 –16.2 –18.5 –14.0
–6.7
Goods ............................................................................................
6.4
6.5
7.2
3.6
3.3
1.8
1.1
0.7
–1.4
–2.3
–3.9
–8.1 –18.8 –21.4 –16.1
–7.2
Services.........................................................................................
7.2
7.0
7.0
7.1
3.3
3.4
5.2
2.0
2.6
0.2
–0.4
0.2
–3.6
–3.7
–3.5
–4.2
Government consumption expenditures and gross investment ....
1.6
1.6
0.8
1.5
0.5
1.5
2.3
2.5
3.1
2.9
3.2
3.0
1.7
2.5
1.9
1.3
Federal ..............................................................................................
3.6
2.6
0.2
2.2
–2.0
0.7
3.0
3.4
6.9
7.0
7.9
8.9
5.6
6.5
5.2
3.6
National defense............................................................................
2.1
1.6
–1.6
4.4
–0.2
1.7
4.6
2.6
6.7
6.3
8.6
9.5
6.0
7.7
5.0
3.1
Nondefense ...................................................................................
6.8
4.8
3.9
–2.3
–5.5
–1.4
–0.2
5.2
7.1
8.3
6.3
7.5
4.8
3.9
5.7
4.6
State and local...................................................................................
0.4
0.9
1.2
1.2
2.0
2.0
1.9
1.9
1.0
0.7
0.5
–0.3
–0.6
0.1
–0.1
–0.1
Addenda:
Final sales of domestic product.........................................................
3.3
2.5
1.8
2.8
1.8
2.2
3.0
2.7
2.1
2.1
0.5
–1.4
–2.3
–2.8
–1.7
0.0
Gross domestic purchases................................................................
3.0
3.0
2.4
1.9
1.1
1.4
1.7
1.4
0.8
0.0
–1.2
–2.5
–4.4
–4.8
–3.4
–0.7
Final sales to domestic purchasers ...................................................
3.2
2.6
2.0
2.3
1.5
1.8
2.0
1.6
0.9
0.4
–0.7
–2.1
–3.5
–3.7
–2.5
–0.9
Gross national product ......................................................................
2.8
2.8
1.8
2.4
1.3
1.8
3.3
3.3
2.8
1.9
0.1
–2.4
–3.8
–4.0
–2.9 ...........
Real disposable personal income......................................................
3.7
3.9
3.8
4.6
3.1
2.3
2.3
1.0
0.0
2.2
–0.5
0.3
1.0
0.2
1.5
1.1
Price indexes:
Gross domestic purchases ............................................................
3.8
3.9
3.4
2.6
2.9
2.8
2.6
3.5
3.3
3.5
4.0
1.9
0.7
–0.2
–0.9
0.6
Gross domestic purchases excluding food and energy 1 ...............
3.2
3.4
3.2
2.9
3.0
2.6
2.6
2.8
2.5
2.8
2.9
2.0
1.4
0.8
0.2
0.7
GDP ...............................................................................................
3.3
3.6
3.3
2.9
3.2
3.0
2.6
2.7
2.1
1.9
2.5
1.9
1.9
1.5
0.6
0.7
1
GDP excluding food and energy ..................................................
3.4
3.6
3.3
3.0
3.1
2.7
2.6
2.8
2.4
2.4
2.7
1.7
1.2
0.8
0.2
0.8
PCE ...............................................................................................
3.1
3.2
2.8
1.9
2.4
2.4
2.3
3.6
3.6
3.8
4.3
1.7
0.4
–0.2
–0.7
1.2
2.1
2.3
2.5
2.3
2.5
2.2
2.2
2.5
2.4
2.5
2.6
2.0
1.7
1.6
1.3
1.5
PCE excluding food and energy 1 ..................................................
Market-based PCE 2 ......................................................................
3.1
3.3
2.9
1.8
2.2
2.3
2.0
3.5
3.6
3.7
4.6
1.9
0.6
–0.1
–0.6
1.3
2
2.0
2.2
2.5
2.2
2.3
2.0
1.9
2.2
2.2
2.3
2.6
2.3
2.1
2.1
1.7
1.6
Market-based PCE excluding food and energy ...........................
r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2009.
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without
payment) and the final consumption expenditures of nonprofit institutions serving households.

Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income
[Billions of dollars]
Seasonally adjusted at annual rates
2007

2008

2009 r

2008
IV

Gross domestic product ...........................................................................................
Plus: Income receipts from the rest of the world..........................................................
Less: Income payments to the rest of the world ..........................................................
Equals: Gross national product ...............................................................................
Less: Consumption of fixed capital ..............................................................................
Less: Statistical discrepancy........................................................................................
Equals: National income...........................................................................................
Compensation of employees....................................................................................
Wage and salary accruals....................................................................................
Supplements to wages and salaries ....................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments
Rental income of persons with capital consumption adjustment .............................
Corporate profits with inventory valuation and capital consumption adjustments....
Net interest and miscellaneous payments ...............................................................
Taxes on production and imports less subsidies......................................................
Business current transfer payments (net) ................................................................
Current surplus of government enterprises .............................................................
Addendum:
Gross domestic income ...........................................................................................

2009
I

III r

II

IV r

14,077.6
861.8
746.0
14,193.3
1,760.0
–14.8
12,448.2
7,856.5
6,402.6
1,453.8
1,096.4
144.9
1,541.7
739.2
974.0
102.2
–6.6

14,441.4
809.2
667.3
14,583.3
1,847.1
101.0
12,635.2
8,037.4
6,540.8
1,496.6
1,106.3
210.4
1,360.4
815.1
993.8
118.8
–6.9

14,258.2
.................
.................
.................
1,863.5
.................
.................
7,791.8
6,289.4
1,502.5
1,041.3
268.3
.................
786.8
963.5
134.0
–8.1

14,347.3
714.4
607.4
14,454.3
1,881.0
139.4
12,433.9
8,030.3
6,523.5
1,506.8
1,083.6
236.7
1,123.6
854.7
982.1
131.8
–8.9

14,178.0
579.6
479.7
14,277.9
1,883.6
185.4
12,208.9
7,825.8
6,327.8
1,498.0
1,037.8
245.9
1,182.7
826.2
963.2
137.9
–10.7

14,151.2
571.3
478.6
14,243.8
1,864.0
161.7
12,218.1
7,815.9
6,313.1
1,502.8
1,028.0
262.0
1,226.5
784.4
964.6
145.4
–8.8

14,242.1
590.6
469.1
14,363.7
1,850.7
253.3
12,259.7
7,751.5
6,249.2
1,502.3
1,037.9
277.9
1,358.9
759.7
955.4
124.8
–6.3

14,461.7
.................
.................
.................
1,855.8
.................
.................
7,774.0
6,267.3
1,506.7
1,061.6
287.4
.................
777.0
970.6
128.1
–6.5

14,092.5

14,340.4 .................

14,207.9

13,992.5

13,989.5

13,988.9 .................

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2009.

Table 10. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
2007

2008

2009 r

2008
IV

Personal income 1 .....................................................................................................
Compensation of employees, received ....................................................................
Wage and salary disbursements..........................................................................
Supplements to wages and salaries ....................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments
Farm.....................................................................................................................
Nonfarm ...............................................................................................................
Rental income of persons with capital consumption adjustment .............................
Personal income receipts on assets ........................................................................
Personal interest income......................................................................................
Personal dividend income ....................................................................................
Personal current transfer receipts ............................................................................
Less: Contributions for government social insurance, domestic ..............................
Less: Personal current taxes .......................................................................................
Equals: Disposable personal income ......................................................................
Less: Personal outlays.................................................................................................
Equals: Personal saving ...........................................................................................
Personal saving as a percentage of disposable personal income ...........................
Addenda:
Personal income excluding current transfer receipts, billions of chained (2005)
dollars 2 ...................................................................................................................
Disposable personal income, billions of chained (2005) dollars 2 ............................

2009
I

II

III r

IV r

11,894.1
7,862.7
6,408.9
1,453.8
1,096.4
39.4
1,056.9
144.9
2,031.5
1,266.4
765.1
1,718.0
959.3
1,490.9
10,403.1
10,224.3
178.9
1.7

12,238.8
8,042.4
6,545.9
1,496.6
1,106.3
48.7
1,057.5
210.4
1,994.4
1,308.0
686.4
1,875.9
990.6
1,432.4
10,806.4
10,520.0
286.4
2.7

12,030.3
7,786.8
6,284.4
1,502.5
1,041.3
29.4
1,012.0
268.3
1,792.0
1,237.4
554.6
2,108.8
967.0
1,101.4
10,928.9
10,457.4
471.5
4.3

12,233.5
8,050.3
6,543.5
1,506.8
1,083.6
39.0
1,044.5
236.7
1,958.1
1,292.9
665.2
1,898.0
993.3
1,434.3
10,799.1
10,389.9
409.2
3.8

11,952.7
7,805.8
6,307.8
1,498.0
1,037.8
27.3
1,010.5
245.9
1,845.5
1,243.4
602.1
1,987.3
969.7
1,187.3
10,765.4
10,362.3
403.1
3.7

12,048.8
7,815.9
6,313.1
1,502.8
1,028.0
28.9
999.1
262.0
1,773.4
1,241.1
532.3
2,140.3
970.9
1,082.6
10,966.2
10,370.5
595.7
5.4

12,005.2
7,751.4
6,249.2
1,502.3
1,037.9
25.8
1,012.0
277.9
1,763.1
1,234.9
528.2
2,137.5
962.5
1,071.0
10,934.3
10,502.8
431.5
3.9

12,114.3
7,774.0
6,267.3
1,506.7
1,061.6
35.3
1,026.3
287.4
1,785.9
1,230.0
555.9
2,170.1
964.7
1,064.7
11,049.7
10,594.2
455.5
4.1

9,645.4
9,860.6

9,504.6
9,911.3

9,082.7
10,004.9

9,494.4
9,920.4

9,188.7
9,926.4

9,105.5
10,077.5

9,010.5
9,984.4

9,028.4
10,032.0

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2009.
1. Personal income is also equal to national income less corporate profits with inventory valuation and capital consumption adjustments, taxes on production and imports less subsidies,
contributions for government social insurance, net interest and miscellaneous payments, business current transfer payments (net), current surplus of government enterprises, and wage
accruals less disbursements, plus personal income receipts on assets, and personal current transfer receipts.
2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.

Appendix Table A. Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2007

2008 2009

r

2006
I

Gross domestic product (GDP) and related aggregates:
GDP.................................................................................
Goods..............................................................................
Services...........................................................................
Structures ........................................................................
Motor vehicle output ........................................................
GDP excluding motor vehicle output ...............................
Final sales of computers 1 ...............................................
GDP excluding final sales of computers..........................
Farm gross value added 2 ...............................................
Nonfarm business gross value added 3 ...........................
Price indexes:
GDP.................................................................................
GDP excluding food and energy 4 ...................................
GDP excluding final sales of computers..........................
Gross domestic purchases..............................................
Gross domestic purchases excluding food and energy 4
Gross domestic purchases excluding final sales of
computers to domestic purchasers..............................
Personal consumption expenditures (PCE).....................
PCE excluding food and energy 4 ....................................
Market-based PCE 5........................................................
Market-based PCE excluding food and energy 5 .............

2.1
0.4 –2.4
5.4
3.7
0.4 –4.8 11.8
2.6
1.5
0.4
3.4
–4.4 –5.9 –14.9
0.9
–1.3 –18.4 –24.6 14.4
2.2
1.0 –1.9
5.1
22.1 21.3
0.9 33.3
2.0
0.3 –2.4
5.2
–7.6 12.9
7.5 –26.6
2.3 –0.1 –3.6
6.8

II

2007
III

IV

1.4
0.1
3.0
1.8
0.0
7.2
2.0
2.0
3.6
–2.5 –9.8 –10.5
–7.6
4.0 –10.2
1.8
0.0
3.4
19.1 12.5 22.4
1.3
0.0
2.8
71.6 –26.2 –13.2
1.0 –0.1
4.2

I

II

2008
III

IV

I

II

1.2
3.2
3.6
2.1 –0.7
1.5
–0.8
6.2
7.2
7.6 –1.8
1.5
2.7
2.1
3.1
1.8
1.5
1.5
–2.2
2.3 –2.1 –9.4 –10.7
1.3
–0.8
6.2
3.5 –10.3 –21.6 –36.2
1.3
3.1
3.6
2.5 –0.1
2.6
3.1 28.4 60.9 33.7
9.8 29.1
1.2
3.1
3.3
2.0 –0.8
1.3
–6.4 –14.5 –15.0 34.6 40.7 –15.8
0.9
3.7
3.9
1.8 –1.7
1.3

2009
III

IV

I

–2.7 –5.4 –6.4
–7.0 –16.4 –8.7
–0.4
0.7 –0.9
–5.5 –12.9 –34.0
–6.6 –50.5 –64.5
–2.6 –4.1 –4.9
–3.6
2.9 11.2
–2.7 –5.4 –6.5
24.4 27.9 –3.3
–4.0 –7.6 –8.8

II

III

–0.7
2.2
–3.2
6.3
1.5
1.1
–9.7 –0.8
13.3 131.8
–0.9
0.8
–7.3 –13.9
–0.7
2.3
4.0
9.2
–1.1
2.2

IV r
5.9
23.9
1.2
–8.1
25.0
5.6
–2.9
6.0
1.2
7.6

2.9
2.8
3.0
2.9
2.7

2.1
2.3
2.2
3.2
2.6

1.2
0.8
1.3
0.0
0.8

3.0
3.2
3.1
2.8
3.1

3.6
3.6
3.8
3.6
3.5

3.1
2.5
3.2
2.9
2.5

1.8
2.4
1.9
1.0
2.4

4.2
3.8
4.3
4.2
3.6

2.7
2.2
2.8
3.1
2.2

1.6
1.9
1.8
2.2
2.1

2.3
3.2
2.5
4.6
3.3

1.9
2.4
2.0
3.4
2.7

1.8
2.2
2.0
3.9
3.0

4.0
2.9
4.1
4.3
2.9

0.1
–0.8
0.2
–3.8
–0.6

1.9
0.5
1.9
–1.4
0.2

0.0
0.8
0.1
0.5
0.8

0.4
0.5
0.5
1.3
0.3

0.4
1.3
0.4
1.9
1.3

3.1
2.7
2.4
2.5
2.1

3.3
3.3
2.4
3.4
2.3

0.1
0.2
1.5
0.3
1.9

3.0
1.7
2.0
1.8
2.1

3.8
3.0
2.9
3.0
2.9

3.0
3.0
2.3
3.1
2.3

1.1
–0.1
2.1
–0.7
1.6

4.3
3.7
2.8
3.6
2.5

3.2
3.2
1.8
3.3
1.6

2.3
2.3
2.3
1.8
1.6

4.7
5.1
3.1
5.2
2.8

3.5
3.7
2.4
4.0
2.6

4.0
3.9
2.4
4.0
2.3

4.4
4.7
2.6
5.1
2.7

–3.8
–5.0
0.8
–5.3
1.5

–1.4
–1.5
1.1
–1.2
1.9

0.6
1.4
2.0
1.5
2.3

1.5
2.6
1.2
2.8
1.2

2.0
2.3
1.6
2.1
1.2

r Revised
1. For some components of final sales of computers, includes computer parts.
2. Farm output less intermediate goods and services purchased.
3. Consists of GDP less gross value added of farm, of households and institutions, and of general government.
4. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
5. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without
payment) and the final consumption expenditures of nonprofit institutions serving households.
See “Explanatory Note” at the end of the tables.

Explanatory Note: NIPA Measures of Quantities and Prices
Current-dollar GDP is a measure of the market value of goods, services, and structures produced
in the economy in a particular period. Changes in current-dollar GDP can be decomposed into quantity
and price components. Quantities, or “real” measures, and prices are expressed as index numbers with the
reference year -- at present, the year 2005 -- equal to 100.
Annual changes in quantities and prices are calculated using a Fisher formula that incorporates
weights from two adjacent years. (Quarterly changes in quantities and prices are calculated using a Fisher
formula that incorporates weights from two adjacent quarters; quarterly indexes are adjusted for
consistency to the annual indexes before percent changes are calculated.) For example, the 2007-08
annual percent change in real GDP uses prices for 2007 and 2008 as weights, and the 2007-08 annual
percent change in GDP prices uses quantities for 2007 and 2008 as weights. These annual changes are
“chained” (multiplied) together to form time series of quantity and price indexes. Percent changes in
Fisher indexes are not affected by the choice of reference year. (BEA also publishes a measure of the
price level known as the implicit price deflator (IPD), which is calculated as the ratio of the current-dollar
value to the corresponding chained-dollar value, multiplied by 100. The values of the IPD are very close
to the values of the corresponding "chain-type" price index.)
Index numbers of quantity and price indexes for GDP and its major components are presented in
this release in tables 5 and 6. Percent changes from the preceding period are presented in tables 1, 4, 7, 8,
and appendix table A. Contributions by major components to the percent change in real GDP are
presented in table 2.
Measures of real GDP and its major components are also presented in dollar-denominated form,
designated "chained (2005) dollar estimates." For most series, these estimates, which are presented in
table 3, are computed by multiplying the current-dollar value in 2005 by a corresponding quantity index
number and then dividing by 100. For example, if a current-dollar GDP component equaled $100 in 2005
and if real output for this component increased 10 percent in 2006, then the chained (2005) dollar value of
this component in 2006 would be $110 (= $100 x 110 / 100). Percent changes calculated from
chained-dollar estimates and from chain-type quantity indexes are the same; any differences will be small
and due to rounding.
Chained-dollar values for the detailed GDP components will not necessarily sum to the chained-dollar
estimate of GDP (or to any intermediate aggregate). This is because the relative prices used as weights
for any period other than the reference year differ from those of the reference year. A measure of the
extent of such differences is provided by a “residual” line, which indicates the difference between GDP
(or other major aggregate) and the sum of the most detailed components in the table. For periods close to
the reference year, when there usually has not been much change in the relative prices that are used as
weights, the residuals tend to be small, and the chained-dollar estimates can be used to approximate the
contributions to growth and to aggregate the detailed estimates. For periods further from the reference
year, the residuals tend to be larger, and the chained-dollar estimates are less useful for analyses of
contributions to growth. Thus, the contributions to percent change shown in table 2 provide a better
measure of the composition of GDP growth. In particular, for components for which relative prices are
changing rapidly, calculation of contributions using chained-dollar estimates may be misleading even just
a few years from the reference year.
Reference: “Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” November
2003 Survey, pp. 8-16.