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NEWS RELEASE
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, FEBRUARY 28, 2014
Lisa Mataloni:
Recorded message:

(202) 606-5304 (GDP)
(202) 606-5306

gdpniwd@bea.gov

BEA 14-06

GROSS DOMESTIC PRODUCT: FOURTH QUARTER AND ANNUAL 2013
(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 2.4 percent in the fourth quarter of 2013
(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 4.1 percent.
The GDP estimate released today is 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 3.2
percent. With this second estimate for the fourth quarter, an increase in personal consumption
expenditures (PCE) was smaller than previously estimated (see "Revisions" on page 3).
The increase in real GDP in the fourth quarter primarily reflected positive contributions from
PCE, exports, nonresidential fixed investment, and private inventory investment that were partly offset
by negative contributions from federal government spending, residential fixed investment, and state and
local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
The deceleration in real GDP growth in the fourth quarter reflected a deceleration in private
inventory investment, a larger decrease in federal government spending, and downturns in residential
fixed investment and in state and local government spending that were partly offset by accelerations in
exports, in PCE, and in nonresidential fixed investment and a deceleration in imports.

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 (2009)
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. For information on revisions, see "Revisions to GDP, GDI, and Their Major
Components."

The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.5 percent in the fourth quarter, 0.3 percentage point more than in the advance estimate; this
index increased 1.8 percent in the third quarter. Excluding food and energy prices, the price index for
gross domestic purchases increased 1.8 percent in the fourth quarter, compared with an increase of 1.5
percent in the third.
Real personal consumption expenditures increased 2.6 percent in the fourth quarter, compared
with an increase of 2.0 percent in the third. Durable goods increased 2.5 percent, compared with an
increase of 7.9 percent. Nondurable goods increased 3.5 percent, compared with an increase of 2.9
percent. Services increased 2.2 percent, compared with an increase of 0.7 percent.
Real nonresidential fixed investment increased 7.3 percent in the fourth quarter, compared with
an increase of 4.8 percent in the third. Nonresidential structures increased 0.2 percent, compared with
an increase of 13.4 percent. Equipment increased 10.6 percent, compared with an increase of 0.2
percent. Intellectual property products increased 8.0 percent, compared with an increase of 5.8 percent.
Real residential fixed investment decreased 8.7 percent, in contrast to an increase of 10.3 percent.
Real exports of goods and services increased 9.4 percent in the fourth quarter, compared with an
increase of 3.9 percent in the third. Real imports of goods and services increased 1.5 percent, compared
with an increase of 2.4 percent.
Real federal government consumption expenditures and gross investment decreased 12.8 percent
in the fourth quarter, compared with a decrease of 1.5 percent in the third. National defense decreased
14.4 percent, compared with a decrease of 0.5 percent. Nondefense decreased 10.1 percent, compared
with a decrease of 3.1 percent. Real state and local government consumption expenditures and gross
investment decreased 0.5 percent, in contrast to an increase of 1.7 percent.
The change in real private inventories added 0.14 percentage point to the fourth-quarter change
in real GDP, after adding 1.67 percentage points to the third-quarter change. Private businesses
increased inventories $117.4 billion in the fourth quarter, following increases of $115.7 billion in the
third quarter and $56.6 billion in the second.
Real final sales of domestic product -- GDP less change in private inventories -- increased 2.3
percent in the fourth quarter, compared with an increase of 2.5 percent in the third.

Gross domestic purchases
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 1.4 percent in the fourth quarter, compared with an increase of 3.9 percent in the
third.

Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
4.0 percent, or $167.8 billion, in the fourth quarter to a level of $17,080.7 billion. In the third quarter,
current-dollar GDP increased 6.2 percent, or $251.9 billion.

-2-

Revisions
The second estimate of the fourth-quarter percent change in real GDP is 0.8 percentage point, or
$32.7 billion, less than the advance estimate issued last month, primarily reflecting downward revisions
to personal consumption expenditures (PCE), to private inventory investment, to exports, and to state
and local government spending that were partly offset by an upward revision to nonresidential fixed
investment.

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

Advance Estimate
Second Estimate
(Percent change from preceding quarter)
3.2
2.4
4.6
4.0
1.2
1.5

2013 GDP
Real GDP increased 1.9 percent in 2013 (that is, from the 2012 annual level to the 2013 annual
level), compared with an increase of 2.8 percent in 2012.
The increase in real GDP in 2013 primarily reflected positive contributions from PCE, exports,
nonresidential fixed investment, residential fixed investment, and private inventory investment that were
partly offset by a negative contribution from federal government spending. Imports, which are a
subtraction in the calculation of GDP, increased.
The deceleration in real GDP growth in 2013 primarily reflected a deceleration in nonresidential
fixed investment, a larger decrease in federal government spending, and decelerations in PCE and in
exports that were partly offset by a deceleration in imports and a smaller decrease in state and local
government spending.
The price index for gross domestic purchases increased 1.2 percent in 2013, compared with an
increase of 1.7 percent in 2012.
Current-dollar GDP increased 3.4 percent, or $552.9 billion, in 2013, to a level of $16,797.5
billion, compared with an increase of 4.6 percent, or $710.8 billion, in 2012.
During 2013 (that is, measured from the fourth quarter of 2012 to the fourth quarter of 2013),
real GDP increased 2.5 percent. Real GDP increased 2.0 percent during 2012. The price index for gross
domestic purchases increased 1.2 percent during 2013, compared with an increase of 1.5 percent during
2012.

-3-

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 27, 2014 at 8:30 A.M. EDT for:
Gross Domestic Product: Fourth Quarter and Annual 2013 (Third Estimate)
Corporate Profits: Fourth Quarter 2013

-4-

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

2011

2012

2013 r

2010
I

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Gross domestic product (GDP) .....
1.8
2.8
1.9
Personal consumption expenditures .......
2.5
2.2
2.0
Goods.......................................................
3.4
3.3
3.6
Durable goods ......................................
6.6
7.7
6.9
Nondurable goods ................................
1.9
1.4
2.0
Services ...................................................
2.1
1.6
1.1
Gross private domestic investment .........
4.9
9.5
5.5
Fixed investment ......................................
6.2
8.3
4.5
Nonresidential.......................................
7.6
7.3
2.8
Structures .........................................
2.1 12.7
1.4
Equipment......................................... 12.7
7.6
3.1
Intellectual property products ...........
4.4
3.4
3.4
Residential............................................
0.5 12.9 12.1
Change in private inventories ................... ........... .......... ..........
Net exports of goods and services .......... ........... .......... ..........
Exports .....................................................
7.1
3.5
2.7
Goods ...................................................
7.1
3.8
2.3
Services................................................
7.0
3.0
3.5
Imports .....................................................
4.9
2.2
1.4
Goods ...................................................
5.2
2.1
1.2
Services................................................
3.1
2.7
2.5
Government consumption expenditures
and gross investment ............................ –3.2 –1.0 –2.3
Federal ..................................................... –2.6 –1.4 –5.2
National defense................................... –2.3 –3.2 –7.0
Nondefense .......................................... –3.0
1.8 –1.9
State and local.......................................... –3.6 –0.7 –0.2
Addenda:
Final sales of domestic product................
2.0
2.6
1.7
Gross domestic purchases.......................
1.7
2.6
1.7
Final sales to domestic purchasers ..........
1.8
2.4
1.5
Gross domestic income (GDI) 1 ...............
2.5
2.5 ..........
Gross national product (GNP) ..................
2.1
2.7 ..........
Disposable personal income ....................
2.4
2.0
0.7
Current-dollar measures:
GDP......................................................
3.8
4.6
3.4
Final sales of domestic product ............
4.0
4.4
3.2
Gross domestic purchases ...................
4.0
4.3
3.0
Final sales to domestic purchasers ......
4.2
4.1
2.8
GDI .......................................................
4.5
4.3 ..........
GNP......................................................
4.2
4.4 ..........
Disposable personal income ................
4.8
3.9
1.9

II

2011
III

IV

I

II

2012
III

IV

I

II

2013
III

IV

I

II

Line
III

r

IV

r

1.6
3.9
2.8
2.8 –1.3
3.2
1.4
4.9
3.7
1.2
2.8
0.1
1.1
2.5
4.1
2.4
2.1
3.3
2.8
4.3
2.1
1.5
2.1
2.4
2.9
1.9
1.7
1.7
2.3
1.8
2.0
2.6
4.0
5.2
3.8
7.6
2.7
0.2
1.2
5.0
4.6
2.2
3.7
3.7
3.7
3.1
4.5
3.2
5.4 12.5
6.7 12.9
5.4 –0.8
5.2 13.5
9.8
2.9
8.3 10.5
5.8
6.2
7.9
2.5
3.4
1.9
2.5
5.2
1.4
0.7 –0.5
1.3
2.2
1.8
1.6
0.6
2.7
1.6
2.9
3.5
1.2
2.4
2.2
2.6
1.8
2.1
2.5
1.1
2.1
1.7
0.7
0.6
1.5
1.2
0.7
2.2
13.6 22.3 13.7 –3.5 –7.5 14.2
2.5 31.9 10.5 –1.6
6.5 –2.4
4.7
9.2 17.2
4.5
0.8 13.6 –0.4
8.5 –0.5
8.6 14.8 10.0
8.6
4.7
2.7 11.6 –1.5
6.5
5.9
3.8
4.2 11.4
8.3
8.6 –0.9
9.9 16.7
9.5
5.8
4.5
0.3
9.8 –4.6
4.7
4.8
7.3
–25.0 11.8 –5.8
7.7 –29.8 33.7 28.4 14.4
7.0
6.9
5.9 17.6 –25.7 17.6 13.4
0.2
31.2 23.3 18.0 11.8 12.0
4.3 20.3 10.2
8.3
5.3 –3.9
8.9
1.6
3.3
0.2 10.6
–1.6 –2.0
6.1
5.0
3.7
4.9
5.3
5.5
1.3
1.8
2.8
5.7
3.7 –1.5
5.8
8.0
–12.2 23.2 –30.7
7.9
1.7
2.7
6.1 12.2 23.0
5.7 14.1 19.8 12.5 14.2 10.3 –8.7
.......... .......... .......... .......... .......... ........... ........... ........... .......... .......... .......... .......... .......... .......... .......... ...........
.......... .......... .......... .......... .......... ........... ........... ........... .......... .......... .......... .......... .......... .......... .......... ...........
6.4
9.5 10.9 12.4
3.8
4.9
7.0
2.7
4.2
3.8
0.4
1.1 –1.3
8.0
3.9
9.4
11.0 11.7
8.6 13.0
4.4
3.7
5.7
7.7
1.8
5.2
1.6 –3.0 –2.8
9.4
5.6 11.7
–3.1
4.6 16.3 11.0
2.4
7.7 10.0 –8.1 10.0
0.8 –2.6 11.3
2.2
4.8
0.1
4.4
11.9 20.2 14.5
0.9
2.8
0.7
4.9
5.9
0.7
2.5
0.5 –3.1
0.6
6.9
2.4
1.5
14.6 24.1 14.6
1.7
4.4 –0.7
3.5
6.7
0.9
2.5
0.4 –3.5 –0.2
7.5
2.4
1.5
0.4
3.8 14.0 –2.5 –5.0
7.8 11.9
1.8 –0.1
2.3
1.0 –1.0
5.0
4.0
2.5
1.3
–2.9
3.8
–1.8
14.8
–7.1

2.9
8.5
6.4
12.3
–0.8

–0.3
3.7
7.6
–2.8
–3.1

–4.1 –7.5
–2.7 –10.5
–3.5 –14.2
–1.2 –3.5
–5.0 –5.4

–1.3 –2.5 –1.5
1.8 –3.4 –3.1
6.8
2.4 –10.2
–6.5 –13.1 11.3
–3.4 –1.9 –0.4

0.0
2.5
0.9
0.5
1.7
0.3

2.8
5.5
4.5
2.8
3.9
5.4

0.9
3.5
1.7
5.2
2.6
1.9

4.5
1.4
3.0
1.6
3.2
2.7

–0.3
–1.3
–0.3
2.0
–0.5
5.0

2.4
2.6
1.8
2.3
3.1
–0.4

3.0
1.2
2.8
2.2
1.9
1.6

3.0
1.3
4.4
2.6
1.9
3.6
1.7

5.8
4.7
6.5
5.5
4.6
5.7
5.8

4.7
2.7
4.9
3.0
7.1
4.5
3.1

4.9
6.6
3.7
5.3
3.7
5.3
4.8

0.3
1.4
1.5
2.6
3.7
1.1
8.2

5.9
5.2
6.1
5.5
5.0
5.8
3.3

3.9
5.5
3.3
4.9
4.8
4.4
3.9

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2013.
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
See “Explanatory Note” at the end of the tables.

-5-

–1.4
–2.5
–6.7
5.4
–0.6

0.3
–0.2
–1.0
1.2
0.6

3.5 –6.5 –4.2
8.9 –13.9 –8.4
12.5 –21.6 –11.2
2.8
1.0 –3.6
–0.2 –1.0 –1.3

2.1
5.3
2.6
2.6
4.8
–0.6

3.4
3.1
2.9
5.4
3.0
4.6

2.2
1.1
2.0
–0.6
1.4
1.8

2.2
2.7
2.2
0.9
2.4
–0.6

2.2
–0.5
1.4
4.9
0.3
9.0

5.4
2.6
6.3
3.6
3.1
5.3
0.8

5.8
5.5
5.5
5.2
7.5
5.0
6.9

3.0
3.9
2.1
3.0
1.1
3.2
2.9

4.9
4.6
3.9
3.6
3.0
4.6
1.1

1.6
3.3
1.3
3.0
6.4
1.8
10.7

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

–0.4
–1.6
–0.6
–3.1
0.4

0.4 –5.6
–1.5 –12.8
–0.5 –14.4
–3.1 –10.1
1.7 –0.5

22
23
24
25
26

0.2
1.4
0.5
2.4
0.6
–7.9

2.1
2.5
2.1
3.2
2.7
4.1

2.5
2.3
3.9
1.4
2.3
1.2
1.8 ...........
4.4 ...........
3.0
0.7

27
28
29
30
31
32

2.8
1.6
2.9
1.7
4.2
2.3
–7.0

3.1
2.7
2.6
2.3
3.8
3.3
4.0

6.2
4.0
4.5
4.0
5.8
2.9
4.2
2.9
3.8 ...........
6.5 ...........
4.9
1.7

33
34
35
36
37
38
39

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

2011 2012 2013

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........................................................
Information processing equipment...............
Computers and peripheral equipment......
Other ........................................................
Industrial equipment.....................................
Transportation equipment ............................
Other equipment ..........................................
Intellectual property products ..........................
Software.......................................................
Research and development .........................
Entertainment, literary, and artistic originals
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.................................................

1.8

2.8

1.74
0.76
0.46
0.11
0.09
0.20
0.06
0.30

1.52
0.77
0.56
0.17
0.10
0.22
0.07
0.22

0.08 0.07
0.08 0.03
–0.06 –0.04
0.19 0.16
0.98 0.74

r

2010

2011

I

II

1.6

3.9

2.8

2.8

1.33 1.42
0.82 0.88
0.50 0.37
0.12 –0.10
0.10 0.17
0.20 0.21
0.08 0.08
0.31 0.51

2.21
1.14
0.84
0.39
0.20
0.25
0.01
0.29

1.87
0.85
0.46
0.17
0.03
0.18
0.08
0.38

2.86
1.66
0.88
0.46
0.13
0.18
0.11
0.78

1.9

0.07
0.03
0.01
0.20
0.52

0.19 –0.15
0.19 0.14
0.01 0.10
0.13 0.21
0.54 1.07

III

0.09 –0.04 0.00
0.21 0.08 –0.08

I

–1.3

3.2

2012
III

1.4

IV

4.9

1.42 1.03 1.42 1.65
0.60 0.05 0.29 1.14
0.38 –0.06 0.36 0.93
0.09 –0.43 0.04 0.56
0.04 0.09 0.09 0.17
0.21 0.18 0.20 0.25
0.04 0.09 0.04 –0.04
0.22 0.11 –0.08 0.21

1.27 0.84
0.28 0.06
0.43 0.24
0.04 0.02
0.08 –0.06
0.14 0.21
0.20 0.22
0.10 0.14

0.07 –0.11 –0.07 –0.03
0.32 0.18 0.17 –0.06
0.25
2.86
1.77
1.21
0.27
1.02
0.06
–0.03
0.09
0.22
0.55
0.19
–0.08
–0.14
–0.03
0.09
0.56
1.09
–0.09
1.18
–1.77
1.10
0.93
0.17
–2.87
–2.77
–0.10

II

2013

I

II

III

IV

3.7

1.2

2.8

0.1

1.98 1.28
1.04 0.50
0.69 0.21
0.26 –0.11
0.13 0.02
0.22 0.19
0.09 0.12
0.35 0.28

1.15
0.84
0.59
0.19
0.09
0.22
0.08
0.25

1.13
0.85
0.74
0.33
0.07
0.21
0.13
0.10

0.09 0.31 0.07 0.08 –0.05 –0.02 0.15 0.12 0.09 0.05
0.02 0.27 0.05 0.10 –0.15 0.09 0.10 –0.09 0.11 –0.04
0.05 –0.04 –0.08 –0.25 –0.01 –0.02 –0.12 0.18 –0.08 –0.14
0.23 0.25 0.19 0.18 0.14 0.15 0.22 0.07 0.14 0.23
1.02 1.20 0.81 0.98 1.14 0.51 0.94 0.78 0.31 0.29

0.97 0.65 0.55 0.53 1.00 1.14
0.16 0.10 0.10 0.18 –0.02 0.27
0.30 0.30 0.25 –0.11 0.41 0.44
0.05 0.02 0.01 0.01 0.04 0.05
0.05 0.04 0.02 0.08 –0.06 0.15
0.17 0.15 0.12 0.15 0.13 0.10
0.15 –0.07 0.07 0.21 0.41 –0.02
0.09 0.10 –0.03 0.01 0.08 0.15
0.00
0.09

IV

0.29
1.86
–0.04
0.90
–0.15
0.83
0.13
–0.09
0.22
0.04
0.54
0.12
0.22
0.06
0.11
0.05
–0.94
1.90
–0.11
2.01
–0.88
1.27
0.70
0.57
–2.15
–1.79
–0.36

0.94 0.84 0.66 0.87 0.52 0.25
0.17 0.32 –0.13 –0.12 0.55 0.16
0.30 –0.09 0.55 0.54 0.03 0.26
0.09 0.06 0.02 –0.01 0.04 0.02
0.15 0.07 0.02 0.05 0.01 0.03
0.20 0.14 0.18 0.18 0.10 0.05
0.02 0.31 –0.10 –0.05 –0.17 –0.35
0.00 0.03 0.12 0.28 –0.04 0.09
0.04
0.11

0.30 –0.15
0.00 0.26

0.06
0.39

0.26
0.09

0.06
0.31

–0.16
–0.23
0.68
0.53
0.18
0.29
–0.20
–0.10
–0.10
0.12
0.29
0.08
0.07
0.11
–0.03
0.00
0.15
–0.91
–0.14
–0.76
0.10
0.51
0.48
0.03
–0.41
–0.35
–0.06

0.25
0.99
0.39
0.04
0.15
–0.22
–0.08
–0.19
0.11
0.00
–0.25
0.10
0.11
0.06
0.04
0.00
0.35
0.60
–0.32
0.91
–0.03
0.05
0.16
–0.10
–0.08
–0.05
–0.03

I

II

1.1

2.5

1.54 1.24
0.85 0.71
0.43 0.46
0.13 –0.02
0.07 0.15
0.16 0.23
0.07 0.10
0.43 0.26

Line
III

4.1

IV r

2.4

1

1.36 1.73
1.03 0.72
0.58 0.19
0.12 –0.02
0.21 0.04
0.24 0.07
0.00 0.10
0.46 0.54

2
3
4
5
6
7
8
9

0.11 –0.06 0.14
0.04 0.13 –0.09
0.11 –0.02 0.08
0.17 0.21 0.33
0.69 0.53 0.32

0.17
0.11
0.02
0.24
1.00

10
11
12
13
14

0.13 1.04 0.60 0.24
–0.35 0.58 0.01 –0.31
0.26 0.14 0.40 0.31
–0.01 0.06 0.00 –0.04
–0.04 0.06 –0.02 0.10
0.27 0.11 0.03 0.02
–0.01 0.27 0.20 0.09
0.01 –0.17 –0.02 0.06

0.97
0.13
0.20
0.02
0.04
0.34
0.20
0.05

15
16
17
18
19
20
21
22

0.08
0.15

0.03
0.16

23
24

0.16 –0.35 –0.07
0.09 –0.22 0.25

0.09
0.69
0.85
0.84
0.05
0.62
0.04
–0.01
0.05
0.16
0.27
0.14
0.17
0.10
0.05
0.01
0.01
–0.16
0.02
–0.18
0.10
0.89
0.63
0.27
–0.79
–0.70
–0.09

0.12
1.36
1.17
0.85
0.31
0.41
0.05
0.03
0.02
0.06
0.25
0.05
0.13
0.10
0.03
0.00
0.32
0.20
–0.03
0.22
0.10
0.48
0.36
0.12
–0.38
–0.30
–0.07

0.12
0.84
0.67
0.34
0.04
0.17
0.06
0.00
0.06
0.04
0.00
0.07
0.13
0.09
0.03
0.01
0.33
0.17
0.23
–0.05
0.12
0.36
0.22
0.14
–0.24
–0.17
–0.07

–0.08
1.77
0.11
0.46
–0.73
1.25
0.14
0.03
0.12
–0.09
0.87
0.34
–0.07
–0.15
0.01
0.08
–0.35
1.66
–0.06
1.72
–0.96
0.73
0.85
–0.12
–1.70
–1.68
–0.02

0.24
–0.51
1.13
0.94
0.18
0.57
0.19
–0.03
0.22
0.14
0.08
0.16
0.19
0.09
0.06
0.04
0.19
–1.64
0.02
–1.66
1.32
1.47
1.07
0.40
–0.15
–0.22
0.07

–0.02
–1.11
–0.05
–0.09
–0.82
0.59
–0.15
–0.09
–0.06
0.22
0.26
0.25
0.14
0.13
0.04
–0.03
0.04
–1.06
0.11
–1.17
0.01
0.48
0.38
0.09
–0.46
–0.61
0.14

0.06
1.88
1.16
1.09
0.68
0.23
0.14
0.14
0.00
0.00
0.04
0.05
0.18
0.13
0.06
–0.01
0.07
0.72
–0.02
0.74
0.53
0.64
0.34
0.30
–0.11
0.10
–0.21

–0.30
0.36
1.96
1.81
0.62
0.99
–0.01
0.03
–0.03
0.33
0.43
0.24
0.20
0.14
0.05
0.01
0.15
–1.60
0.08
–1.68
0.10
0.92
0.53
0.39
–0.82
–0.50
–0.32

0.41
4.13
1.39
1.10
0.35
0.54
0.05
0.06
–0.01
0.23
0.47
–0.20
0.21
0.16
0.03
0.02
0.29
2.73
0.05
2.68
–0.60
0.38
0.72
–0.35
–0.98
–0.93
–0.05

0.33
1.57
1.21
0.68
0.18
0.45
0.23
0.11
0.12
–0.19
0.30
0.11
0.05
0.03
0.03
–0.01
0.53
0.36
0.08
0.27
0.44
0.56
0.17
0.39
–0.12
–0.12
0.00

0.13
0.71
–0.23
–0.57
–0.80
0.09
–0.05
–0.08
0.04
0.00
–0.10
0.24
0.14
0.13
–0.01
0.02
0.34
0.93
0.88
0.06
–0.28
–0.18
–0.27
0.09
–0.10
0.03
–0.13

0.31
1.38
0.96
0.56
0.43
0.18
0.16
–0.08
0.23
–0.01
0.08
–0.04
–0.06
–0.11
0.04
0.01
0.40
0.41
0.12
0.30
–0.07
1.04
0.84
0.20
–1.10
–1.00
–0.11

0.07
2.56
0.89
0.58
0.35
0.02
0.03
0.01
0.03
0.18
0.04
–0.23
0.22
0.14
0.08
–0.01
0.31
1.67
0.12
1.55
0.14
0.52
0.52
0.01
–0.39
–0.32
–0.07

0.13
0.72
0.58
0.87
0.01
0.56
–0.01
0.13
–0.13
–0.06
0.32
0.31
0.30
0.28
0.01
0.00
–0.29
0.14
–0.05
0.19
0.99
1.22
1.04
0.18
–0.24
–0.20
–0.04

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

–0.68
–0.23
–0.13
–0.06
–0.07
–0.10
–0.09
0.00
–0.46
–0.30
–0.16

–0.20
–0.12
–0.17
–0.11
–0.06
0.05
0.08
–0.02
–0.08
0.00
–0.08

–0.44
–0.41
–0.35
–0.31
–0.05
–0.06
–0.04
–0.02
–0.03
0.03
–0.06

–0.63 0.61 –0.07 –0.87
0.32 0.71 0.32 –0.23
–0.11 0.34 0.41 –0.19
–0.05 0.23 0.37 –0.25
–0.06 0.11 0.04 0.06
0.43 0.37 –0.09 –0.04
0.34 0.28 –0.11 –0.05
0.09 0.09 0.02 0.01
–0.95 –0.10 –0.39 –0.63
–0.68 –0.35 –0.41 –0.35
–0.28 0.24 0.02 –0.28

–1.61
–0.94
–0.83
–0.47
–0.36
–0.11
–0.13
0.02
–0.67
–0.33
–0.34

–0.25
0.16
0.36
0.31
0.06
–0.21
–0.17
–0.04
–0.41
–0.26
–0.15

–0.52
–0.29
0.13
0.19
–0.06
–0.42
–0.39
–0.03
–0.23
–0.17
–0.06

–0.31
–0.25
–0.57
–0.58
0.00
0.32
0.38
–0.06
–0.05
–0.04
–0.01

–0.28 0.05 0.67 –1.31 –0.82
–0.20 –0.02 0.69 –1.19 –0.68
–0.36 –0.05 0.60 –1.22 –0.57
–0.11 –0.13 0.61 –1.14 –0.38
–0.25 0.08 –0.01 –0.08 –0.18
0.16 0.04 0.08 0.03 –0.11
0.18 0.03 0.08 0.05 –0.05
–0.02 0.00 0.00 –0.02 –0.05
–0.08 0.07 –0.02 –0.12 –0.14
0.10 0.03 0.12 –0.01 0.01
–0.18 0.04 –0.14 –0.11 –0.16

–0.07
–0.12
–0.03
–0.12
0.09
–0.09
–0.08
–0.02
0.05
0.04
0.01

0.08
–0.11
–0.02
–0.06
0.04
–0.09
–0.09
0.00
0.19
0.04
0.15

–1.05
–1.00
–0.70
–0.54
–0.16
–0.30
–0.28
–0.02
–0.05
0.04
–0.09

52
53
54
55
56
57
58
59
60
61
62

r Revised
See “Explanatory Note” at the end of the tables.

-6-

–0.07
–0.36
1.63
1.13
0.44
0.47
0.31
0.28
0.04
0.07
0.01
0.07
0.21
0.16
0.05
0.01
0.50
–2.00
0.10
–2.09
0.68
0.15
–0.28
0.43
0.53
0.50
0.03

Table 3. Gross Domestic Product: Level and Change From Preceding Period—Continues
Billions of dollars

Billions of chained (2009) dollars

Seasonally adjusted at annual rates

Change from preceding
period

Seasonally adjusted at annual rates

Line
2013 r

2012

2013 r

2013

2012

2013

Line

2013
2013 r

1
Gross domestic product ...................................
2 Personal consumption expenditures ......................
3 Goods.....................................................................
4
Durable goods .....................................................
5
Motor vehicles and parts .................................
6
Furnishings and durable household
equipment ....................................................
7
Recreational goods and vehicles.....................
8
Other durable goods ........................................
9
Nondurable goods ...............................................
10
Food and beverages purchased for offpremises consumption .................................
11
Clothing and footwear......................................
12
Gasoline and other energy goods....................
13
Other nondurable goods ..................................
14 Services .................................................................
15
Household consumption expenditures (for
services) ..........................................................
16
Housing and utilities.........................................
17
Health care ......................................................
18
Transportation services....................................
19
Recreation services .........................................
20
Food services and accommodations ...............
21
Financial services and insurance ....................
22
Other services .................................................
23
Final consumption expenditures of nonprofit
institutions serving households........................
24
Gross output of nonprofit institutions ...............
25
Less: Receipts from sales of goods and
services by nonprofit institutions..................
26 Gross private domestic investment ........................
27 Fixed investment ...................................................
28
Nonresidential .....................................................
29
Structures ........................................................
30
Equipment .......................................................
31
Information processing equipment...............
32
Computers and peripheral equipment......
33
Other ........................................................
34
Industrial equipment ....................................
35
Transportation equipment ............................
36
Other equipment ..........................................
37
Intellectual property products ..........................
38
Software.......................................................
39
Research and development .........................
40
Entertainment, literary, and artistic originals
41
Residential...........................................................
42 Change in private inventories ..............................
43
Farm ....................................................................
44
Nonfarm...............................................................
45 Net exports of goods and services .........................
46 Exports...................................................................
47
Goods..................................................................
48
Services...............................................................
49 Imports...................................................................
50
Goods..................................................................
51
Services...............................................................

IV

I

II

III

IV r

15,539.6
10,584.8
3,579.2
1,285.2
375.8

15,583.9
10,644.0
3,611.9
1,303.5
380.6

15,679.7
10,691.9
3,639.6
1,323.2
379.7

15,839.3
10,744.2
3,680.0
1,348.6
384.3

15,932.9
10,812.1
3,708.8
1,357.0
383.6

288.3
205.4
126.0
86.4
18.0

159.6
52.3
40.4
25.4
4.6

93.6
67.9
28.8
8.4
–0.7

1
2
3
4
5

285.9
277.9
280.7
284.7
289.4
288.7
310.6
297.3
300.3
306.9
316.6
318.5
347.8
339.9
342.3
346.3
351.7
350.8
451.7
426.8
435.2
447.3
460.1
464.1
204.9
197.8
200.6
204.7
205.8
208.3
196.8
190.1
192.8
196.8
196.9
200.8
2,623.8 2,595.4 2,607.0 2,591.0 2,638.8 2,658.2 2,342.8 2,306.7 2,322.2 2,331.7 2,348.6 2,368.7

17.8
40.8
13.2
46.0

9.7
12.8
0.1
16.9

1.9
4.0
3.9
20.1

6
7
8
9

884.1
871.8
878.9
877.6
886.2
893.7
820.3
813.5
817.6
815.3
820.8
827.6
362.8
357.4
360.0
362.8
363.1
365.3
343.4
339.0
340.5
345.5
341.7
346.0
409.0
421.6
418.3
391.7
414.0
412.1
272.5
268.8
271.7
271.1
273.2
273.7
967.8
944.7
949.7
958.9
975.6
987.1
916.9
895.2
901.8
910.0
923.0
932.6
7,609.6 7,459.4 7,527.4 7,578.6 7,624.8 7,707.6 7,062.3 7,004.7 7,031.1 7,051.5 7,063.6 7,102.8

10.9
4.5
1.0
31.8
79.6

5.5
–3.8
2.1
13.0
12.1

6.8
4.3
0.5
9.6
39.2

10
11
12
13
14

7,319.2 7,159.6 7,243.6 7,290.2 7,331.7 7,411.3 6,774.4 6,703.2 6,743.2 6,766.1 6,775.2 6,813.0
2,081.7 2,029.4 2,065.8 2,082.6 2,079.5 2,098.9 1,959.9 1,941.9 1,964.5 1,964.8 1,952.6 1,957.5
1,913.9 1,872.5 1,889.2 1,902.9 1,923.3 1,940.3 1,776.0 1,750.9 1,756.5 1,771.9 1,783.9 1,791.6
324.1
319.8
324.2
322.8
323.8
325.8
300.2
298.6
300.8
300.8
299.3
300.0
427.5
419.0
423.4
422.8
429.7
433.9
397.8
393.7
396.1
395.1
399.2
400.7
736.6
717.2
725.6
732.9
736.3
751.7
675.3
666.6
670.7
671.9
672.8
685.8
848.1
824.2
835.1
842.0
851.1
864.2
756.7
737.7
747.6
754.9
758.3
765.8
987.3
977.5
980.4
984.4
988.0
996.6
908.1
913.6
907.1
906.2
908.5
910.6

85.0
16.3
37.6
2.2
3.4
18.5
10.7
–3.8

9.1
–12.2
12.0
–1.5
4.1
0.9
3.4
2.3

37.8
4.9
7.7
0.7
1.5
13.0
7.5
2.1

15
16
17
18
19
20
21
22

290.4
299.8
283.8
288.4
293.2
296.2
287.4
302.3
287.6
284.8
288.0
289.4
1,232.4 1,212.5 1,209.9 1,227.2 1,239.5 1,253.1 1,144.3 1,141.4 1,132.7 1,142.2 1,148.1 1,154.3

–6.2
12.2

3.2
5.9

1.4
6.2

23
24

864.2
17.4
2.7
4.9
2,656.2 133.6 102.3
29.0
2,517.5 107.2
35.6
23.5
2,030.1
54.5
23.4
35.4
438.6
5.8
13.6
0.2
954.0
28.3
0.5
23.6
307.9
10.0
1.5
–0.4
............. ............ ............ ............
216.8
10.4
1.1
–5.9
192.2
5.9
6.9
–2.2
233.6
0.8
1.6
13.5
225.4
11.4
–9.5
12.7
639.2
20.5
8.7
12.2
312.4
15.4
6.1
12.2
252.4
4.4
3.1
0.5
76.0
1.1
–0.4
0.2
487.9
52.7
12.1 –11.3
117.4
25.4
59.1
1.7
20.1
26.8
3.3
–2.7
94.7
–9.0
56.5
5.5
–382.8
18.5
4.6
37.0
2,063.5
52.6
19.2
45.9
1,431.3
31.7
18.8
39.1
631.8
21.1
0.2
6.7
2,446.2
34.1
14.4
8.9
2,008.9
24.1
11.8
7.5
436.7
10.4
2.6
1.5

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

16,797.5
11,496.2
3,886.6
1,262.8
424.3

942.0
2,673.7
2,565.7
2,049.0
457.1
939.4
290.0
77.9
212.2
202.6
218.8
227.9
652.5
296.9
280.0
75.7
516.8
107.9
40.4
67.5
–497.3
2,259.8
1,566.9
692.9
2,757.0
2,296.2
460.9

IV

I

II

III

IV r

16,420.3
11,285.5
3,826.1
1,230.7
415.1

16,535.3
11,379.2
3,851.8
1,244.8
421.3

16,661.0
11,427.1
3,848.5
1,257.5
421.7

16,912.9
11,537.7
3,912.8
1,274.0
427.1

17,080.7
11,640.7
3,933.2
1,275.0
427.2

912.7
2,499.9
2,486.9
2,018.2
457.8
925.0
289.4
82.5
206.9
199.6
215.7
220.3
635.4
287.3
273.4
74.7
468.8
13.0
–15.6
28.6
–515.8
2,213.7
1,538.3
675.5
2,729.5
2,279.6
449.9

926.1
2,555.1
2,491.7
2,001.4
429.1
928.0
286.2
78.8
207.5
200.1
211.5
230.2
644.3
293.7
275.2
75.3
490.3
63.4
38.9
24.5
–523.1
2,214.2
1,531.6
682.6
2,737.3
2,281.9
455.3

938.8
2,621.0
2,543.8
2,030.6
452.6
934.6
291.4
75.7
215.7
199.3
214.7
229.2
643.5
290.4
277.4
75.6
513.2
77.2
40.4
36.9
–509.0
2,238.9
1,548.8
690.2
2,747.9
2,288.7
459.3

946.3
2,738.0
2,593.2
2,060.5
470.7
935.8
291.6
76.0
215.6
206.6
217.8
219.7
654.1
296.0
282.3
75.8
532.6
144.8
44.5
100.3
–500.2
2,265.8
1,572.1
693.7
2,766.0
2,304.5
461.5

956.8
2,780.5
2,634.2
2,103.3
475.9
959.1
290.9
81.0
209.9
204.5
231.1
232.7
668.2
307.3
284.8
76.0
531.0
146.3
37.8
108.5
–456.8
2,320.1
1,614.9
705.2
2,776.9
2,309.6
467.3

15,759.0
10,723.0
3,660.1
1,333.1
382.0

856.2
2,569.6
2,472.5
1,986.3
427.4
934.2
305.7
.............
218.2
190.5
221.8
221.1
626.3
301.3
250.1
75.9
486.4
83.0
19.6
59.7
–412.3
2,010.0
1,384.9
624.8
2,422.3
1,988.4
433.2

839.9
2,441.8
2,429.1
1,971.9
439.4
918.8
302.1
.............
210.3
187.8
219.4
214.5
614.9
293.1
247.6
74.9
457.5
7.3
–9.6
20.3
–412.1
1,967.0
1,352.6
614.2
2,379.1
1,955.1
423.1

844.8
2,470.1
2,420.0
1,949.0
407.9
922.5
300.0
..............
211.8
188.0
215.1
224.0
620.6
298.6
247.4
75.7
471.2
42.2
16.0
22.2
–422.3
1,960.5
1,342.8
617.5
2,382.7
1,954.0
428.3

856.6
2,524.9
2,458.4
1,971.3
424.8
929.9
306.8
..............
221.6
187.5
218.5
222.2
618.3
294.1
248.8
76.2
487.1
56.6
19.5
32.7
–424.4
1,998.4
1,373.4
624.9
2,422.9
1,989.6
432.6

859.3
2,627.2
2,494.0
1,994.7
438.4
930.4
308.3
..............
222.7
194.4
220.1
212.7
627.0
300.2
251.9
75.8
499.2
115.7
22.8
89.2
–419.8
2,017.6
1,392.2
625.1
2,437.3
2,001.4
435.2

III

IV r

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.

-7-

Table 3. Gross Domestic Product: Level and Change From Preceding Period—Table Ends
Billions of dollars

Billions of chained (2009) dollars

Seasonally adjusted at annual rates

Change from preceding
period

Seasonally adjusted at annual rates

Line
2013 r

2012

2013 r

2013

2012

2013

Line

2013
2013 r

52 Government consumption expenditures and
gross investment ..................................................
53 Federal ...................................................................
54
National defense .................................................
55
Consumption expenditures..............................
56
Gross investment ............................................
57
Nondefense.........................................................
58
Consumption expenditures..............................
59
Gross investment ............................................
60 State and local ......................................................
61
Consumption expenditures .................................
62
Gross investment ................................................
63 Residual......................................................................
Addenda:
64 Final sales of domestic product ..............................
65 Gross domestic purchases .....................................
66 Final sales to domestic purchasers ........................
67 Gross domestic product ......................................
68 Plus: Income receipts from the rest of the world.....
69 Less: Income payments to the rest of the world .....
70 Equals: Gross national product ..........................
71 Net domestic product..............................................
72 Gross domestic income 1........................................

IV

I

II

III

IV r

3,124.9
1,245.9
770.8
612.0
158.8
475.1
358.9
116.3
1,879.0
1,548.2
330.9
.............

3,150.7
1,275.2
793.7
630.6
163.1
481.5
363.3
118.2
1,875.4
1,544.3
331.2
.............

3,124.1
1,255.0
775.8
619.7
156.1
479.2
362.6
116.6
1,869.1
1,543.0
326.1
.............

3,121.9
1,252.6
776.3
615.7
160.5
476.3
360.3
116.1
1,869.3
1,541.4
327.8
.............

3,137.5
1,251.2
777.3
614.9
162.5
473.9
357.5
116.3
1,886.3
1,550.8
335.6
.............

3,116.2
1,224.8
753.7
597.6
156.1
471.1
355.1
116.1
1,891.4
1,557.4
334.0
.............

16,689.6
17,294.8
17,186.8
16,797.5
.............
.............
.............
14,150.6
.............

16,407.3
16,936.1
16,923.1
16,420.3
829.8
572.8
16,677.3
13,845.3
16,522.0

16,471.9
17,058.4
16,995.0
16,535.3
813.3
575.9
16,772.7
13,931.5
16,690.9

16,583.8
17,170.0
17,092.8
16,661.0
817.0
570.1
16,907.9
14,029.1
16,847.8

16,768.1
17,413.2
17,268.4
16,912.9
822.0
559.1
17,175.9
14,253.3
17,004.6

16,934.4
17,537.5
17,391.2
17,080.7
.............
.............
.............
14,388.5
.............

IV

I

II

III

2,896.3
1,157.4
715.0
563.5
151.4
442.4
331.4
111.0
1,738.6
1,432.1
305.9
–39.9

2,938.8
1,198.9
745.0
588.1
156.8
453.9
340.2
113.7
1,739.8
1,429.5
309.6
–45.1

2,907.4
1,172.8
723.1
573.4
149.5
449.8
338.1
111.6
1,734.3
1,429.9
303.7
–38.0

2,904.5
1,168.2
722.0
568.8
153.1
446.2
335.1
111.0
1,736.0
1,431.3
304.0
–41.2

2,907.4
1,163.9
721.2
566.3
154.9
442.7
331.5
111.1
1,743.2
1,432.8
309.7
–40.2

15,665.8
16,170.4
16,077.7
15,759.0
.............
.............
.............
13,255.9
.............

15,528.3
15,950.8
15,939.7
15,539.6
711.5
490.7
15,764.8
13,067.9
15,636.0

15,536.4
16,005.8
15,958.6
15,583.9
695.2
491.9
15,789.7
13,099.9
15,730.6

15,616.2
16,104.1
16,041.0
15,679.7
697.9
486.9
15,893.9
13,183.0
15,855.4

15,711.1
16,258.5
16,130.9
15,839.3
698.9
475.2
16,067.4
13,330.0
15,925.2

IV r

III

IV r

2,866.2
–66.8
2.9
–41.2
1,124.7
–62.9
–4.3
–39.2
693.6
–54.1
–0.8
–27.6
545.3
–46.9
–2.5
–21.0
148.3
–7.1
1.8
–6.6
431.1
–8.8
–3.5
–11.6
320.8
–5.5
–3.6
–10.7
110.3
–3.2
0.1
–0.8
1,741.1
–4.2
7.2
–2.1
1,434.2
5.0
1.5
1.4
306.2
–9.2
5.7
–3.5
–39.9 ............. ............ .............
15,799.4
16,313.1
16,180.2
15,932.9
.............
.............
.............
13,410.6
.............

262.6
268.1
242.5
288.3
.............
.............
.............
240.1
.............

94.9
154.4
89.9
159.6
1.0
–11.7
173.5
147.0
69.8

88.3
54.6
49.3
93.6
.............
.............
.............
80.6
.............

52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

r Revised
1. Real gross domestic income is gross domestic income deflated by the implicit price deflator for gross domestic product. Includes revisions due to the incorporation of revised wage and salary estimates for the third quarter of 2013.
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.

-8-

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

2011

2012

2013 r

2010
I

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

II

2011
III

IV

I

II

2012
III

IV

I

II

2013
III

IV

I

II

Line
III

IV

r

Gross domestic product (GDP)
2.0
1.7
1.4
1.3
1.9
1.8
2.1
1.6
2.6
2.5
0.5
2.0
1.8
2.3
1.1
1.3
0.6
2.0
1.6
Personal consumption expenditures ...
2.4
1.8
1.1
1.4
0.5
1.2
2.1
3.0
3.7
2.3
1.3
2.3
1.1
1.7
1.6
1.1 –0.1
1.9
1.0
Goods...................................................
3.6
1.3 –0.4
1.1 –2.5
0.6
4.0
6.0
6.3
2.6
0.2
2.2 –1.2
1.3
0.7 –1.0 –3.3
2.2 –1.0
Durable goods ..................................
–1.0 –1.2 –1.8 –1.6 –2.4 –2.5 –1.9 –0.8
1.4 –0.6 –2.2 –0.7 –1.2 –2.2 –2.1 –1.1 –2.0 –2.3 –2.2
Nondurable goods ............................
5.9
2.4
0.2
2.4 –2.5
2.2
6.9
9.3
8.6
4.1
1.3
3.5 –1.1
3.0
2.0 –0.9 –4.0
4.5 –0.5
Services ...............................................
1.8
2.2
2.0
1.5
1.9
1.5
1.2
1.5
2.4
2.2
2.0
2.3
2.2
1.9
2.1
2.1
1.6
1.8
2.1
Gross private domestic investment .....
1.3
1.3
1.7 –0.8
0.5
0.7
2.1
1.1
1.7
1.0
0.7
1.4
1.6
1.3
1.5
2.1
1.9
1.7
1.6
Fixed investment ..................................
1.3
1.3
1.9 –1.1
0.1
0.5
1.8
1.4
2.2
1.1
0.7
1.5
1.5
1.4
1.3
2.3
2.0
2.0
2.6
Nonresidential...................................
1.5
1.4
1.2 –1.5
0.9
0.6
1.6
1.5
2.3
1.3
0.9
2.1
1.5
1.0
0.8
1.3
1.2
1.2
1.2
Structures .....................................
2.9
1.9
3.0
1.5
2.1
2.1
2.5
2.7
4.2
3.7
2.7
0.9
1.9
0.6
1.2
4.0
5.2
3.1
4.4
Equipment.....................................
0.9
1.3
0.4 –4.2 –0.2
1.0
1.0
0.7
1.7
0.7
1.0
2.1
0.4
1.4
1.5 –0.3 –0.4
0.3 –0.2
Intellectual property products .......
1.2
1.4
1.0 –0.3
1.4 –1.0
1.9
2.0
2.2
0.5 –0.6
2.7
2.9
0.7 –0.6
1.9
1.0
1.0
0.8
Residential........................................
0.7
0.9
5.0
0.6 –2.8
0.0
2.3
0.8
1.4
0.1
0.1 –0.8
1.4
3.4
4.0
6.3
5.1
5.2
8.2
Change in private inventories ............... ........... .......... .......... ........... ........... .......... .......... ........... ........... .......... .......... ........... ........... .......... .......... ........... .......... .......... ..........
Net exports of goods and services ...... ........... .......... .......... ........... ........... .......... .......... ........... ........... .......... .......... ........... ........... .......... .......... ........... .......... .......... ..........
Exports .................................................
6.4
0.9
0.2
3.9
4.7
1.2
9.7 10.6
8.3
2.3 –4.0
2.9
0.6
0.0
1.5
1.4 –3.2
1.0
0.5
Goods ...............................................
7.6
0.4 –0.3
4.2
5.4
1.4 12.7 12.7
9.5
1.9 –5.2
2.4 –0.1
0.0
1.1
1.2 –4.4
0.5 –0.3
Services............................................
3.8
2.1
1.4
3.3
3.2
0.9
3.4
6.0
5.7
3.2 –1.0
4.0
2.4 –0.1
2.5
2.0 –0.3
1.9
2.3
Imports .................................................
7.8
0.5 –0.9
6.4 –1.8 –2.2
9.6 17.4 12.8 –0.4 –0.8
4.3 –3.7 –5.0
4.1
0.5 –5.0
0.2
0.1
Goods ...............................................
8.8
0.6 –1.2
7.5 –2.4 –2.9 10.4 20.4 14.6 –0.3 –0.3
4.8 –4.5 –5.9
4.5
0.6 –5.9
0.4 –0.6
Services............................................
2.8
0.2
0.5
1.2
0.7
1.5
5.9
3.7
4.5 –0.7 –3.2
1.6
0.5 –0.3
2.3 –0.1 –0.5 –0.5
3.8
Government consumption
expenditures and gross investment
2.8
1.3
0.9
4.8
3.0
2.0
2.9
3.6
4.1
1.7 –0.5
2.9
0.3
0.3
1.4
0.9
0.1
1.6
3.0
Federal .................................................
2.7
0.8
1.4
5.5
2.9
1.6
2.3
4.2
3.8
1.3 –1.0
1.5
0.8
0.2
0.6
2.4
0.8
1.0
5.3
National defense...............................
2.8
1.0
1.5
5.6
2.4
0.8
2.2
5.2
4.2
1.2 –1.6
2.4
1.2
0.4
0.8
2.8
0.9
1.0
3.3
Nondefense ......................................
2.5
0.4
1.3
5.4
3.9
2.9
2.3
2.5
3.2
1.7
0.0
0.0
0.2 –0.2
0.1
1.8
0.8
1.1
8.7
State and local......................................
2.9
1.6
0.7
4.3
3.1
2.3
3.3
3.1
4.3
1.9 –0.1
3.8 –0.1
0.4
1.9 –0.1 –0.4
2.0
1.6
Addenda:
Final sales of domestic product............
2.0
1.8
1.4
1.3
1.8
1.8
2.0
1.7
2.7
2.5
0.5
2.0
1.7
2.3
1.1
1.4
0.7
2.0
1.7
Gross domestic purchases...................
2.3
1.7
1.2
1.8
1.0
1.3
2.3
2.8
3.5
2.0
0.9
2.3
1.0
1.4
1.6
1.2
0.2
1.8
1.5
Final sales to domestic purchasers ......
2.3
1.7
1.2
1.7
0.9
1.3
2.2
2.9
3.6
2.0
0.9
2.3
1.0
1.4
1.5
1.2
0.2
1.9
1.6
Gross national product (GNP) ..............
2.0
1.7 ..........
1.8
1.8
1.8
2.1
1.6
2.7
2.4
0.5
2.0
1.7
2.3
1.1
1.3
0.6
2.0 ..........
Implicit price deflators:
GDP..................................................
2.0
1.7
1.5
1.4
1.8
1.8
2.1
1.6
2.6
2.5
0.5
2.0
1.8
2.1
1.4
1.7
0.6
2.0
1.6
Gross domestic purchases ...............
2.3
1.6
1.3
1.9
0.9
1.3
2.3
2.8
3.5
2.1
0.9
2.2
1.0
1.2
1.9
1.5
0.2
1.8
1.5
GNP..................................................
2.0
1.7 ..........
1.9
1.7
1.8
2.1
1.6
2.6
2.5
0.5
2.0
1.8
2.1
1.4
1.7
0.6
2.0 ..........

r Revised
See “Explanatory Note” at the end of the tables.

-9-

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

Table 5. Real Gross Domestic Product, Quantity Indexes
[Index numbers, 2009=100]
Seasonally adjusted
Line

2011

2012

2013

r

2012
IV

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

2013
I

II

Line
III

IV r

Gross domestic product .....................................................
104.400
107.302
109.301
107.780
108.087
108.751
109.859
110.508
Personal consumption expenditures................................................
104.555
106.854
108.941
107.537
108.138
108.625
109.156
109.846
Goods ...............................................................................................
106.925
110.495
114.434
111.904
112.928
113.793
115.057
115.957
Durable goods...............................................................................
113.074
121.833
130.271
125.591
127.379
129.309
131.785
132.609
Nondurable goods.........................................................................
104.177
105.594
107.708
106.047
106.762
107.197
107.973
108.899
Services............................................................................................
103.411
105.090
106.287
105.421
105.818
106.125
106.308
106.898
Gross private domestic investment ..................................................
118.449
129.705
136.818
130.012
131.521
134.440
139.883
141.428
Fixed investment ...............................................................................
107.844
116.766
122.057
119.914
119.467
121.362
123.119
124.281
Nonresidential ...............................................................................
110.225
118.263
121.600
120.717
119.318
120.685
122.114
124.284
Structures..................................................................................
85.360
96.212
97.539
100.282
93.090
96.943
100.042
100.082
Equipment .................................................................................
130.639
140.604
144.993
142.609
143.175
144.326
144.401
148.070
Intellectual property products....................................................
106.388
109.962
113.681
111.617
112.648
112.235
113.815
116.026
Residential ....................................................................................
97.964
110.581
123.992
116.635
120.123
124.180
127.267
124.398
Change in private inventories ........................................................... .................... ................... ................... ................... .................... ................... ................... ...................
Exports of goods and services .........................................................
119.367
123.590
126.909
124.196
123.781
126.181
127.389
130.287
Imports of goods and services .........................................................
118.239
120.860
122.586
120.398
120.584
122.615
123.347
123.798
Government consumption expenditures and gross investment....
96.868
95.921
93.760
95.135
94.117
94.024
94.117
92.783
Federal..............................................................................................
101.660
100.212
95.048
98.455
96.315
95.933
95.581
92.364
State and local ..................................................................................
93.751
93.128
92.905
92.966
92.672
92.765
93.147
93.036
Addenda:
Final sales of domestic product ........................................................
103.082
105.751
107.554
106.610
106.666
107.214
107.865
108.471
Gross domestic purchases ...............................................................
104.666
107.374
109.184
107.702
108.073
108.737
109.779
110.148
Final sales to domestic purchasers ..................................................
103.381
105.866
107.487
106.565
106.691
107.242
107.843
108.173
Gross national product......................................................................
104.954
107.744 ...................
108.237
108.408
109.123
110.314 ...................

r Revised
See “Explanatory Note” at the end of the tables.

- 10 -

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7
8
9
10
11
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13
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15
16
17
18
19
20
21
22
23

Table 6. Price Indexes for Gross Domestic Product
[Index numbers, 2009=100]
Seasonally adjusted
Line

2011

2012

2013

r

2012
IV

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

2013
I

II

Line
III

IV r

Gross domestic product .....................................................
103.203
105.008
106.487
105.640
105.994
106.165
106.685
107.103
Personal consumption expenditures (PCE) .....................................
104.086
106.009
107.210
106.622
106.909
106.878
107.387
107.666
Goods ...............................................................................................
105.345
106.666
106.189
106.900
106.641
105.740
106.326
106.050
Durable goods...............................................................................
97.649
96.467
94.725
95.746
95.487
95.016
94.456
93.941
Nondurable goods.........................................................................
109.128
111.765
111.994
112.522
112.264
111.126
112.362
112.225
Services............................................................................................
103.463
105.689
107.750
106.493
107.060
107.477
107.946
108.515
Gross private domestic investment ..................................................
100.364
101.646
103.409
102.196
102.726
103.206
103.641
104.062
Fixed investment ...............................................................................
100.506
101.852
103.767
102.386
102.967
103.478
103.982
104.641
Nonresidential ...............................................................................
100.524
101.977
103.152
102.350
102.692
103.008
103.303
103.605
Structures..................................................................................
101.748
103.732
106.891
104.164
105.189
106.521
107.347
108.508
Equipment .................................................................................
98.928
100.187
100.553
100.673
100.601
100.500
100.578
100.535
Intellectual property products....................................................
101.789
103.169
104.187
103.325
103.816
104.071
104.322
104.540
Residential ....................................................................................
100.392
101.246
106.269
102.500
104.088
105.396
106.739
108.855
Change in private inventories ........................................................... .................... ................... ................... ................... .................... ................... ................... ...................
Exports of goods and services .........................................................
111.140
112.185
112.429
112.543
112.944
112.034
112.303
112.437
Imports of goods and services .........................................................
114.273
114.862
113.819
114.725
114.873
113.411
113.480
113.512
Government consumption expenditures and gross investment....
105.560
106.882
107.895
107.209
107.454
107.485
107.916
108.725
Federal..............................................................................................
105.344
106.184
107.660
106.370
107.007
107.229
107.504
108.900
State and local ..................................................................................
105.710
107.371
108.075
107.798
107.775
107.676
108.213
108.635
Addenda:
PCE excluding food and energy 1 .....................................................
102.743
104.632
105.935
105.187
105.542
105.711
106.077
106.410
Market-based PCE 2 .........................................................................
104.034
105.920
107.060
106.460
106.800
106.721
107.258
107.462
Market-based PCE excluding food and energy 2 ..............................
102.480
104.320
105.568
104.783
105.210
105.351
105.729
105.982
Final sales of domestic product ........................................................
103.217
105.033
106.535
105.663
106.024
106.199
106.731
107.187
Gross domestic purchases ...............................................................
103.884
105.599
106.852
106.150
106.467
106.526
107.010
107.406
Final sales to domestic purchasers ..................................................
103.898
105.624
106.898
106.171
106.496
106.559
107.053
107.486
Gross national product......................................................................
103.327
105.131 ...................
105.762
106.116
106.287
106.807 ...................
Implicit price deflators:
Gross domestic product ................................................................
103.199
105.002
106.590
105.667
106.105
106.259
106.778
107.204
Final sales of domestic product ....................................................
103.217
105.033
106.535
105.660
106.021
106.196
106.728
107.184
Gross domestic purchases ...........................................................
103.880
105.594
106.953
106.177
106.576
106.619
107.102
107.505
Final sales to domestic purchasers...............................................
103.898
105.624
106.899
106.170
106.494
106.557
107.052
107.485
Gross national product..................................................................
103.322
105.126 ...................
105.788
106.225
106.380
106.899 ...................

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

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.

- 11 -

Table 7. Real Gross Domestic Product: Percent Change From Preceding Year
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012 2013 r Line

Gross domestic product (GDP) ...............................................
4.4
4.8
4.1
1.0
1.8
2.8
3.8
3.4
2.7
1.8 –0.3 –2.8
2.5
1.8
2.8
1.9
Personal consumption expenditures .................................................
5.3
5.5
5.1
2.5
2.5
3.1
3.8
3.5
3.0
2.2 –0.4 –1.6
2.0
2.5
2.2
2.0
Goods.................................................................................................
6.7
7.9
5.2
3.0
3.9
4.8
5.1
4.1
3.6
2.7 –2.5 –3.0
3.4
3.4
3.3
3.6
Durable goods ................................................................................ 12.1 12.8
8.6
5.2
7.3
7.1
8.2
5.4
4.3
4.6 –5.1 –5.5
6.1
6.6
7.7
6.9
Nondurable goods ..........................................................................
3.7
5.0
3.2
1.7
1.9
3.5
3.3
3.3
3.3
1.7 –1.1 –1.8
2.2
1.9
1.4
2.0
Services .............................................................................................
4.6
4.1
5.0
2.2
1.8
2.2
3.2
3.2
2.7
2.0
0.8 –0.8
1.2
2.1
1.6
1.1
Gross private domestic investment ...................................................
9.5
8.4
6.5 –6.1 –0.6
4.1
8.8
6.4
2.1 –3.1 –9.4 –21.6 12.9
4.9
9.5
5.5
Fixed investment ................................................................................ 10.2
8.8
6.9 –1.6 –3.5
4.0
6.7
6.8
2.0 –2.0 –6.8 –16.7
1.5
6.2
8.3
4.5
Nonresidential................................................................................. 10.8
9.7
9.1 –2.4 –6.9
1.9
5.2
7.0
7.1
5.9 –0.7 –15.6
2.5
7.6
7.3
2.8
Structures ...................................................................................
5.1
0.1
7.8 –1.5 –17.7 –3.9 –0.4
1.7
7.2 12.7
6.1 –18.9 –16.4
2.1 12.7
1.4
Equipment................................................................................... 13.1 12.5
9.7 –4.3 –5.4
3.2
7.7
9.6
8.6
3.2 –6.9 –22.9 15.9 12.7
7.6
3.1
Intellectual property products ..................................................... 10.8 12.4
8.9
0.5 –0.5
3.8
5.1
6.5
4.5
4.8
3.0 –1.4
1.9
4.4
3.4
3.4
Residential......................................................................................
8.6
6.3
0.7
0.9
6.1
9.1 10.0
6.6 –7.6 –18.8 –24.0 –21.2 –2.5
0.5 12.9 12.1
Change in private inventories ............................................................. .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Net exports of goods and services .................................................... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Exports ...............................................................................................
2.3
4.6
8.4 –5.7 –1.9
1.6
9.4
6.0
8.9
8.9
5.7 –9.1 11.5
7.1
3.5
2.7
Goods .............................................................................................
2.2
5.9 10.1 –6.2 –3.5
1.9
8.5
7.4
9.4
7.5
6.1 –12.0 14.3
7.1
3.8
2.3
Services..........................................................................................
2.6
1.4
3.9 –4.3
2.3
1.0 11.6
3.0
7.7 12.3
4.8 –2.1
5.6
7.0
3.0
3.5
Imports ............................................................................................... 11.7 11.4 12.8 –2.9
3.4
4.3 11.0
6.1
6.1
2.3 –2.6 –13.7 12.8
4.9
2.2
1.4
Goods ............................................................................................. 11.8 12.7 13.1 –3.2
3.7
4.9 11.1
6.7
5.9
1.8 –3.7 –15.8 15.2
5.2
2.1
1.2
Services.......................................................................................... 10.9
4.7 11.0 –0.9
1.8
1.3 10.5
3.1
7.4
4.7
3.1 –3.1
2.8
3.1
2.7
2.5
Government consumption expenditures and gross investment .....
2.1
3.4
1.9
3.8
4.4
2.2
1.6
0.6
1.5
1.6
2.8
3.2
0.1 –3.2 –1.0 –2.3
Federal ............................................................................................... –0.9
2.0
0.3
3.9
7.2
6.8
4.5
1.7
2.5
1.7
6.8
5.7
4.4 –2.6 –1.4 –5.2
National defense............................................................................. –2.1
1.5 –0.9
3.5
7.0
8.5
6.0
2.0
2.0
2.5
7.5
5.4
3.2 –2.3 –3.2 –7.0
Nondefense ....................................................................................
1.3
2.7
2.3
4.7
7.4
4.1
2.0
1.3
3.5
0.3
5.5
6.2
6.4 –3.0
1.8 –1.9
State and local....................................................................................
3.8
4.2
2.8
3.7
2.9 –0.4 –0.1
0.0
0.9
1.5
0.3
1.6 –2.7 –3.6 –0.7 –0.2
Addenda:
Final sales of domestic product..........................................................
4.5
4.9
4.2
1.9
1.2
2.8
3.4
3.4
2.6
2.0
0.2 –2.0
1.0
2.0
2.6
1.7
Gross domestic purchases.................................................................
5.5
5.7
4.8
1.1
2.3
3.1
4.2
3.5
2.6
1.1 –1.3 –3.8
2.9
1.7
2.6
1.7
Final sales to domestic purchasers ....................................................
5.6
5.7
4.8
2.0
1.8
3.1
3.9
3.5
2.6
1.4 –0.9 –3.0
1.5
1.8
2.4
1.5
Gross domestic income 1 ...................................................................
5.3
4.5
4.7
1.1
1.4
2.2
3.7
3.6
4.0
0.1 –0.8 –2.6
2.7
2.5
2.5 ..........
Gross national product .......................................................................
4.4
4.9
4.2
1.1
1.7
2.9
3.9
3.3
2.4
2.2
0.0 –3.0
2.8
2.1
2.7 ..........
Real disposable personal income ......................................................
5.9
3.3
5.0
2.8
3.1
2.7
3.6
1.5
4.0
2.1
1.5 –0.5
1.1
2.4
2.0
0.7
Price indexes:
Gross domestic purchases .............................................................
0.7
1.6
2.6
1.9
1.4
2.2
2.9
3.5
3.2
2.7
3.0 –0.2
1.5
2.3
1.7
1.2
Gross domestic purchases excluding food and energy 2 ...............
0.9
1.5
2.2
1.8
1.6
1.9
2.7
3.2
3.0
2.5
2.3
0.5
1.3
1.7
1.6
1.3
GDP................................................................................................
1.1
1.4
2.3
2.3
1.5
2.0
2.7
3.2
3.1
2.7
1.9
0.8
1.2
2.0
1.7
1.4
GDP excluding food and energy 2 ..................................................
1.2
1.5
2.3
2.0
1.8
1.9
2.7
3.4
3.1
2.6
2.1
0.5
1.4
1.8
1.7
1.5
Personal consumption expenditures...............................................
0.8
1.5
2.5
1.9
1.3
2.0
2.4
2.9
2.7
2.5
3.1 –0.1
1.7
2.4
1.8
1.1

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2013.
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.

- 12 -

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2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
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19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago
2010

2011

2012

2013

Line

Line
I

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III r

IV r

Gross domestic product (GDP) ..............................................
1.6
2.7
3.0
2.8
2.0
1.9
1.5
2.0
3.3
2.8
3.1
2.0
1.3
1.6
2.0
2.5
Personal consumption expenditures (PCE) .....................................
0.7
2.0
2.0
3.1
3.1
2.6
2.5
2.0
2.2
2.3
2.2
2.0
1.9
1.9
1.9
2.1
Goods................................................................................................
1.8
3.8
3.0
5.1
4.8
3.5
2.9
2.3
2.7
3.2
3.9
3.5
3.3
3.6
3.8
3.6
Durable goods ...............................................................................
3.6
7.4
4.1
9.3
9.3
5.9
5.5
5.7
6.8
7.8
8.6
7.8
6.9
7.7
7.6
5.6
Nondurable goods .........................................................................
1.0
2.2
2.5
3.3
2.8
2.5
1.7
0.7
0.9
1.2
1.7
1.6
1.7
1.6
2.0
2.7
Services ............................................................................................
0.2
1.1
1.6
2.1
2.2
2.2
2.3
1.9
2.0
1.9
1.4
1.3
1.1
1.0
1.0
1.4
Gross private domestic investment ..................................................
3.9 16.3 21.1 11.1
5.5
3.7
1.1
9.3 14.3 10.1 11.2
3.1
1.7
4.4
6.9
8.8
Fixed investment ............................................................................... –4.4
2.6
2.6
5.5
5.1
4.0
7.7
8.1 10.5
9.5
6.5
6.8
4.3
4.7
5.5
3.6
Nonresidential................................................................................ –4.3
1.5
4.9
8.1
6.8
6.4
8.4
8.6 10.4
9.0
5.0
5.0
2.4
2.4
3.5
3.0
Structures .................................................................................. –26.7 –18.4 –13.8 –4.0 –5.5 –1.2
6.7
8.3 20.4 13.9
8.5
9.3 –0.3
2.1
3.9 –0.2
Equipment..................................................................................
6.7 16.4 19.7 20.9 16.2 11.4 12.0 11.6 10.7 10.9
4.8
4.5
2.9
2.4
3.4
3.8
Intellectual property products ....................................................
2.6
1.0
2.2
1.8
3.1
4.9
4.7
4.9
4.2
3.5
2.8
2.9
3.5
2.7
3.4
4.0
Residential..................................................................................... –4.5
7.0 –6.9 –5.2 –1.6 –6.0
4.6
5.6 10.7 11.6 13.6 15.5 12.9 15.1 14.2
6.7
Change in private inventories ............................................................ .......... .......... .......... .......... .......... .......... ........... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Net exports of goods and services ................................................... .......... .......... .......... .......... .......... .......... ........... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Exports .............................................................................................. 10.8 13.1 12.4
9.8
9.1
7.9
6.9
4.6
4.7
4.4
2.8
2.4
1.0
2.0
2.9
4.9
Goods ............................................................................................ 13.9 17.9 14.8 11.0
9.3
7.3
6.6
5.4
4.7
5.1
4.0
1.4
0.2
1.2
2.2
5.8
Services.........................................................................................
4.4
3.6
7.3
7.0
8.5
9.2
7.7
2.7
4.6
2.9 –0.2
4.7
2.8
3.8
4.5
2.9
Imports ..............................................................................................
6.7 16.7 16.3 11.7
9.3
4.6
2.3
3.5
3.0
3.4
2.4
0.1
0.1
1.2
1.6
2.8
Goods ............................................................................................
8.3 20.3 19.0 13.5 10.8
4.8
2.2
3.4
2.6
3.4
2.6
0.0 –0.2
1.0
1.5
2.7
Services.........................................................................................
0.1
2.2
5.0
3.7
2.3
3.3
2.8
3.9
5.2
3.9
1.2
0.5
1.8
2.2
2.6
3.2
Government consumption expenditures and gross investment ....
1.4
0.3 –0.3 –1.1 –2.3 –3.3 –3.9 –3.3 –1.7 –1.3
0.2 –1.1 –1.8 –2.0 –2.7 –2.5
Federal ..............................................................................................
5.7
4.5
4.0
3.2 –0.5 –2.1 –3.8 –3.9 –1.8 –2.3
0.7 –2.3 –3.8 –4.1 –6.5 –6.2
National defense............................................................................
5.4
2.9
2.6
2.0 –1.4 –1.3 –2.5 –4.2 –2.2 –4.0 –1.7 –5.0 –6.2 –6.1 –8.9 –6.9
Nondefense ...................................................................................
6.3
7.4
6.6
5.5
1.0 –3.5 –6.2 –3.3 –1.2
0.8
5.1
2.6
0.3 –0.8 –2.2 –5.0
State and local................................................................................... –1.3 –2.4 –3.1 –4.0 –3.6 –4.2 –3.9 –2.8 –1.6 –0.6 –0.2 –0.3 –0.5 –0.5 –0.1
0.1
Addenda:
Final sales of domestic product.........................................................
0.4
1.0
0.8
2.0
2.0
1.9
2.4
1.8
2.7
2.7
2.5
2.5
1.7
1.7
1.7
1.7
Gross domestic purchases................................................................
1.3
3.4
3.8
3.2
2.3
1.6
1.0
1.9
3.1
2.7
3.1
1.6
1.2
1.5
1.8
2.3
Final sales to domestic purchasers ...................................................
0.2
1.7
1.6
2.5
2.2
1.6
1.8
1.7
2.5
2.6
2.4
2.1
1.5
1.5
1.6
1.5
Gross domestic income 1 ..................................................................
2.0
2.8
3.6
2.5
2.9
2.8
2.0
2.3
3.1
2.4
2.0
2.6
1.9
2.8
3.1 ..........
Gross national product ......................................................................
2.0
3.1
3.1
2.8
2.3
2.1
1.9
2.3
3.2
2.8
2.9
1.8
1.2
1.5
2.0 ..........
Real disposable personal income ..................................................... –0.2
0.3
1.8
2.5
3.7
2.3
2.2
1.4
1.3
1.8
1.3
3.6
0.4
0.9
1.8 –0.2
Price indexes:
Gross domestic purchases ............................................................
1.4
1.6
1.6
1.6
1.8
2.5
2.7
2.3
2.2
1.5
1.4
1.5
1.3
1.1
1.2
1.2
Gross domestic purchases excluding food and energy 2 ..............
1.0
1.2
1.4
1.4
1.4
1.8
1.9
1.8
1.9
1.6
1.5
1.5
1.3
1.2
1.3
1.4
GDP...............................................................................................
0.5
1.1
1.6
1.8
1.8
2.0
2.2
1.8
1.9
1.7
1.6
1.8
1.6
1.3
1.3
1.4
GDP excluding food and energy 2 .................................................
1.1
1.4
1.6
1.6
1.6
1.9
2.0
1.8
1.9
1.7
1.5
1.6
1.5
1.3
1.5
1.6
PCE ...............................................................................................
2.1
1.8
1.4
1.3
1.7
2.5
2.8
2.6
2.4
1.7
1.6
1.7
1.4
1.1
1.1
1.0
PCE excluding food and energy 2..................................................
1.6
1.3
1.3
1.0
1.0
1.3
1.6
1.8
2.0
1.9
1.8
1.7
1.5
1.2
1.2
1.2
Market-based PCE 3......................................................................
2.1
1.6
1.2
1.1
1.7
2.6
3.0
2.7
2.5
1.7
1.5
1.5
1.3
1.0
1.1
0.9
Market-based PCE excluding food and energy 3 ...........................
1.4
1.1
1.0
0.7
0.9
1.3
1.6
1.9
2.0
1.9
1.7
1.5
1.4
1.1
1.1
1.1

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2013.
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
3. 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.

- 13 -

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

2011

2012

2013

r

2012

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

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 ...........................................................................................
Wages and salaries......................................................................................................
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:
18 Gross domestic income ...................................................................................................

2013

Line

II

III r

IV r

15,533.8 16,244.6 16,797.5 16,420.3 16,535.3
802.8
818.6 ................
829.8
813.3
542.1
565.7 ................
572.8
575.9
15,794.6 16,497.4 ................ 16,677.3 16,772.7
2,452.6 2,542.9 2,646.9 2,575.0 2,603.8
–53.7
–17.0 ................
–101.7
–155.6
13,395.7 13,971.6 ................ 14,204.0 14,324.5
8,278.5 8,611.6 8,860.2 8,787.4 8,748.3
6,638.7 6,926.8 7,138.3 7,086.6 7,040.4
1,639.8 1,684.9 1,721.9 1,700.9 1,707.9
1,155.1 1,224.9 1,348.2 1,247.5 1,334.6
484.4
541.2
590.5
555.4
574.9
1,877.7 2,009.5 ................
2,047.2 2,020.6
456.9
439.6
469.1
430.3
477.0
1,037.2 1,065.6 1,089.3 1,068.6 1,082.7
129.6
106.9
124.3
99.5
121.9
–23.8
–27.7
–39.7
–31.8
–35.5

16,661.0
817.0
570.1
16,907.9
2,631.9
–186.8
14,462.7
8,835.5
7,117.6
1,717.8
1,341.5
587.7
2,087.4
444.0
1,079.9
125.8
–39.0

16,912.9
822.0
559.1
17,175.9
2,659.6
–91.7
14,607.9
8,888.3
7,162.8
1,725.5
1,360.7
596.6
2,126.6
467.2
1,089.9
120.1
–41.4

17,080.7
................
................
................
2,692.2
................
................
8,968.8
7,232.5
1,736.3
1,356.2
602.7
................
488.2
1,104.7
129.2
–43.0

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

15,587.5

16,847.8

17,004.6 ................

18

IV

16,261.6 ................

16,522.0

I

16,690.9

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2013.

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

2011

2012

2013 r

2012
IV

2013
I

II

Line
III

r

IV

r

Personal income 1 ............................................................................................................. 13,191.3 13,743.8 14,135.2 14,073.1 13,925.9 14,086.2 14,225.3 14,303.4
Compensation of employees ...........................................................................................
8,278.5 8,611.6 8,860.2 8,787.4 8,748.3 8,835.5 8,888.3 8,968.8
Wages and salaries...................................................................................................... 6,638.7 6,926.8 7,138.3 7,086.6 7,040.4 7,117.6 7,162.8 7,232.5
Supplements to wages and salaries ............................................................................ 1,639.8 1,684.9 1,721.9 1,700.9 1,707.9 1,717.8 1,725.5 1,736.3
Proprietors’ income with inventory valuation and capital consumption adjustments ....... 1,155.1 1,224.9 1,348.2 1,247.5 1,334.6 1,341.5 1,360.7 1,356.2
Farm.............................................................................................................................
72.6
75.4
127.6
74.5
137.0
129.0
131.7
112.9
Nonfarm .......................................................................................................................
1,082.6 1,149.6 1,220.6 1,173.0 1,197.6 1,212.5 1,229.0 1,243.3
Rental income of persons with capital consumption adjustment .....................................
484.4
541.2
590.5
555.4
574.9
587.7
596.6
602.7
Personal income receipts on assets ................................................................................ 1,884.6 1,958.5 1,997.8 2,062.8 1,935.8 1,994.0 2,030.7 2,030.6
Personal interest income..............................................................................................
1,204.1 1,211.6 1,229.1 1,218.4 1,215.8 1,225.6 1,234.2 1,240.9
Personal dividend income ............................................................................................
680.5
746.9
768.7
844.3
720.0
768.4
796.5
789.7
Personal current transfer receipts ....................................................................................
2,306.9 2,358.3 2,444.6 2,388.0 2,426.0 2,430.9 2,458.0 2,463.6
Less: Contributions for government social insurance, domestic ......................................
918.2
950.7 1,106.1
967.9 1,093.7 1,103.3 1,109.0 1,118.5
1,404.0 1,498.0 1,659.3 1,552.8 1,629.0 1,668.8 1,657.6 1,681.9
Less: Personal current taxes ...............................................................................................
Equals: Disposable personal income.............................................................................. 11,787.4 12,245.8 12,475.9 12,520.4 12,296.9 12,417.4 12,567.7 12,621.5
Less: Personal outlays......................................................................................................... 11,119.1 11,558.4 11,909.7 11,696.2 11,794.9 11,837.0 11,950.4 12,056.3
Equals: Personal saving ...................................................................................................
668.2
687.4
566.2
824.1
502.0
580.4
617.3
565.2
Personal saving as a percentage of disposable personal income ...................................
5.7
5.6
4.5
6.6
4.1
4.7
4.9
4.5
Addenda:
19 Personal income excluding current transfer receipts, billions of chained (2009) dollars 2 10,457.1 10,740.1 10,904.4 10,959.6 10,756.9 10,905.4 10,958.1 10,997.0
20 Disposable personal income, billions of chained (2009) dollars 2.................................... 11,324.6 11,551.6 11,636.9 11,743.0 11,502.4 11,618.5 11,703.4 11,723.1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2013.
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), and current surplus of government enterprises, 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.

- 14 -

Appendix Table A. Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period and Contributions to Percent Change
Seasonally adjusted at annual rates
2011 2012 2013 r

Line

2010
I

II

2011
III

IV

I

II

2012
III

IV

1.4
–0.3
1.3
9.5
11.0
1.1
–2.8
1.4
1.1
1.4
6.6
1.7

4.9
15.5
–0.2
8.4
25.4
4.4
44.3
4.7
–0.3
5.0
43.0
5.9

I

II

2013
III

IV

I

II

Line
III

IV

r

Percent change from preceding period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

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 ..........................
Research and development .............................................
GDP excluding research and development......................
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 .............

1.8
4.3
1.1
–1.7
10.1
1.7
10.2
1.8
1.3
1.9
–5.1
2.5

2.8
5.1
1.2
7.3
13.2
2.5
12.9
2.7
–0.3
2.9
–1.1
3.7

1.9
1.6
3.9
2.8
2.8 –1.3
3.2
4.3 10.4
4.7
9.7
6.0 –0.9
5.9
0.5
0.1
2.0
1.7
1.6
0.2
1.5
3.8 –16.7 18.3 –13.8
0.5 –15.3
8.2
3.7 36.8 18.0 24.1 –13.2 31.5 –5.2
1.8
0.9
3.6
2.3
3.2 –2.0
3.4
11.5 27.5 –27.2 –8.0 34.6 22.6
0.5
1.8
1.5
4.1
2.8
2.7 –1.4
3.2
0.8
1.1 –1.0
5.7
2.2 –0.1
1.0
1.9
1.6
4.0
2.7
2.8 –1.3
3.2
19.9 –16.9 29.8 –1.2 –25.6 12.1 –31.3
2.2
2.0
4.7
4.2
4.2 –2.1
4.7

3.7
1.2
2.8
0.1
1.1
5.6
0.6
4.8 –1.2
5.5
2.4
1.1
1.6 –0.6
0.3
7.3
4.5
4.7 12.7 –9.2
28.4
6.3
0.2 –2.8
9.2
3.1
1.1
2.9
0.2
0.9
35.0 –21.7
0.9 50.3 17.5
3.6
1.3
2.8
0.0
1.1
–1.1 –2.2
1.7
0.4 –0.2
3.8
1.3
2.8
0.1
1.2
–3.0
5.1 –30.8 –27.0 179.6
5.0
1.6
4.2
0.7 –0.3

2.5
4.1
3.9 10.7
0.7
0.2
11.9 11.1
12.1 –12.9
2.2
4.7
15.4 –12.4
2.4
4.2
1.9
3.0
2.5
4.2
9.0 15.4
3.3
5.4

2.4
8.1
0.6
–5.8
19.0
2.0
–5.3
2.4
–0.8
2.5
–9.0
3.4

1
2
3
4
5
6
7
8
9
10
11
12

2.0
1.8
2.0
2.3
1.7

1.7
1.7
1.8
1.7
1.6

1.4
1.5
1.5
1.2
1.3

1.3
1.7
1.4
1.8
1.5

1.9
1.6
1.9
1.0
1.4

1.8
1.3
1.9
1.3
1.1

2.1
1.7
2.1
2.3
1.4

1.6
1.9
1.7
2.8
1.8

2.6
2.6
2.7
3.5
2.6

2.5
1.9
2.5
2.0
1.8

0.5
0.9
0.5
0.9
1.0

2.0
2.4
2.0
2.3
2.2

1.8
1.5
1.8
1.0
1.5

2.3
1.3
2.3
1.4
1.2

1.1
1.4
1.2
1.6
1.3

1.3
1.6
1.4
1.2
1.4

0.6
0.9
0.7
0.2
0.8

2.0
1.9
2.0
1.8
1.5

1.6
1.9
1.6
1.5
1.8

13
14
15
16
17

2.4
2.4
1.4
2.5
1.4

1.7
1.8
1.8
1.8
1.8

1.2
1.1
1.2
1.1
1.2

1.8
1.4
1.0
1.1
0.7

1.0
0.5
1.1
0.2
0.8

1.3
1.2
1.0
1.1
0.8

2.3
2.1
0.8
2.1
0.6

3.0
3.0
1.3
3.4
1.5

3.6
3.7
2.2
4.0
2.3

2.1
2.3
2.0
2.4
2.1

0.9
1.3
1.6
1.3
1.6

2.3
2.3
2.2
2.3
2.2

1.0
1.1
1.8
0.9
1.7

1.4
1.7
1.4
1.6
1.3

1.6
1.6
1.3
1.4
0.9

1.3
1.1
1.4
1.3
1.6

0.3
–0.1
0.6
–0.3
0.5

1.9
1.9
1.4
2.0
1.4

1.5
1.0
1.3
0.8
1.0

18
19
20
21
22

4.9

3.7

1.2

2.8

0.1

1.1

2.5

4.1

2.4

23

1.20 3.19 2.46
0.46 0.14 0.37
0.82 0.80 –0.45
0.32 –0.38 0.47
0.06 –0.05 –0.02
0.05 0.08 –0.02

24
25
26
27
28
29

Contributions to percent change in real gross domestic product

23
24
25
26
27
28
29

Percent change at annual rate:
Gross domestic product ............................................
1.8
2.8
Percentage points at annual rates:
Goods .................................................................................. 1.26 1.53
Services ............................................................................... 0.70 0.76
Structures ............................................................................ –0.12 0.49
Motor vehicle output............................................................. 0.23 0.32
Final sales of computers...................................................... 0.04 0.05
Research and development ................................................. 0.04 –0.01

1.9

1.6

3.9

2.8

2.8

–1.3

3.2

1.4

1.31 2.90 1.40 2.74 1.74 –0.31 1.71 –0.10 4.43 1.72 0.22
0.28 0.02 1.30 1.09 1.03 0.13 0.95 0.85 –0.12 1.50 0.69
0.27 –1.33 1.20 –1.05 0.04 –1.11 0.53 0.62 0.56 0.49 0.30
0.10 0.67 0.38 0.50 –0.32 0.63 –0.13 0.25 0.57 0.66 0.17
0.04 0.11 –0.14 –0.03 0.12 0.09 0.01 –0.01 0.15 0.13 –0.11
0.02 0.03 –0.03 0.14 0.06 0.00 0.03 0.03 –0.01 –0.03 –0.06

1.46 –0.36 1.63
1.00 –0.35 0.21
0.32 0.85 –0.70
0.01 –0.07 0.24
0.00 0.16 0.07
0.04 0.01 0.00

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.

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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 2009 -- 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 2008-09
annual percent change in real GDP uses prices for 2008 and 2009 as weights, and the 2008-09 annual
percent change in GDP prices uses quantities for 2008 and 2009 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 (2009) dollar estimates." For most series, these estimates, which are presented in
table 3, are computed by multiplying the current-dollar value in 2009 by a corresponding quantity index
number and then dividing by 100. For example, if a current-dollar GDP component equaled $100 in 2009
and if real output for this component increased 10 percent in 2010, then the chained (2009) dollar value of
this component in 2010 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.

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