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March 30, 2017

2016:IV (Third Estimate) Comparisons -- Percent Change From Preceding Period in
Real Gross Domestic Product and Related Measures
[Percent] seasonally adjusted at annual rates

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

2016:IV
% change

2.1
3.5
6.0
11.4
3.3
2.4
9.4
2.9
0.9
-1.9
1.9
1.3
9.6
..........................
..........................
-4.5
-6.7
-0.1
9.0
10.9
0.7
0.2
-1.2
-3.6
2.3
1.0

Last period with
Last period with
Last period with
equal value
larger value
smaller value
2005Q2
2.1 2016Q3
3.5 2016Q2
1.4
1990Q1
3.5 2016Q2
4.3 2016Q3
3.0
................. ................. 2016Q2
7.1 2016Q3
3.5
2012Q1
11.4 2016Q3
11.6 2016Q2
9.8
2006Q1
3.3 2016Q2
5.7 2016Q3
-0.5
2010Q2
2.4 2016Q3
2.7 2016Q1
1.9
................. ................. 2015Q1
9.9 2016Q3
3.0
2013Q3
2.9 2015Q3
5.7 2016Q3
0.1
................. ................. 2016Q3
1.4 2016Q1
-3.4
1990Q2
-1.9 2016Q3
12.0 2016Q2
-2.1
1990Q1
1.9 2015Q3
9.1 2016Q3
-4.5
1990Q3
1.3 2016Q3
3.2 2015Q1
0.8
................. ................. 2015Q4
11.5 2016Q3
-4.1
................. ................. ................. ................. ................. .................
................. ................. ................. ................. ................. .................
................. ................. 2016Q3
10.0 2015Q1
-5.8
1967Q3
-6.7 2016Q3
14.4 2015Q1
-10.1
................. ................. 2016Q3
2.0 2016Q1
-2.2
1979Q4
9.0 2014Q4
11.2 2016Q3
2.2
1966Q1
10.9 2014Q4
11.7 2016Q3
0.5
0.7 2016Q3
9.8 2015Q2
0.2
2015Q4
1970Q4
0.2 2016Q3
0.8 2016Q2
-1.7
1976Q3
-1.2 2016Q3
2.4 2016Q1
-1.5
................. ................. 2016Q3
2.0 2014Q4
-11.6
2008Q3
2.3 2016Q3
3.0 2016Q1
0.9
1987Q2
1.0 2016Q1
3.5 2016Q3
-0.2

1.0 ................. .................
1.5 1991Q3
1.5
1.1 1955Q4
1.1
3.9 2004Q3
3.9
2.8 1994Q1
2.8
3.4 2000Q3
3.4
2.9 2011Q2
2.9
2.0 2015Q1
2.0

2016Q3
2016Q3
2016Q3
2014Q3
2015Q3
2014Q4
2016Q3
2016Q3

5.0
4.3
3.0
4.3
3.0
4.0
3.4
2.9

2016Q2
2016Q2
2015Q1
2016Q3
2016Q3
2016Q3
2016Q2
2013Q4

0.7
1.1
1.0
2.6
2.1
2.4
2.2
0.9

4.2
3.1
3.7
3.2
6.0
4.9
5.5
5.0
4.1

2007Q3
2003Q1
2014Q4
2012Q2
2009Q4
1996Q3
1998Q1
2010Q4
2006Q3

4.2
3.1
3.7
3.2
6.0
4.9
5.5
5.0
4.1

2016Q3
2016Q3
2016Q3
2016Q3
2014Q2
2014Q3
2014Q3
2014Q3
2016Q3

5.0
6.5
5.7
4.5
6.2
5.6
5.8
7.1
4.4

2016Q2
2016Q2
2016Q2
2016Q1
2016Q3
2016Q3
2016Q3
2016Q3
2016Q1

3.7
3.0
3.4
1.8
4.1
3.7
3.9
4.8
2.4

2.0
1.6
2.1
1.8
2.1
2.0
1.3
2.1
1.3

2003Q4
2013Q3
2014Q2
2015Q2
2013Q4
2016Q2
2000Q2
2010Q4
2013Q3

2.0
1.6
2.1
1.8
2.1
2.0
1.3
2.1
1.3

2016Q2
2016Q3
2016Q2
2016Q3
2016Q2
2012Q4
2016Q3
2012Q1
2016Q3

2.1
1.7
2.3
1.9
2.3
2.2
1.7
2.2
1.6

2016Q3
2016Q1
2016Q3
2016Q1
2016Q3
2016Q3
2015Q4
2016Q3
2015Q4

1.5
1.4
1.4
1.5
1.4
1.5
1.2
1.3
1.1

March 30, 2017

2016:IV (Third Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product

Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

2016:IV
contribution

Last period with
equal value

Last period with
larger value

Last period with
smaller value

2.1

2005Q2

2.1

2016Q3

3.5

2016Q2

1.4

2.40
1.29
0.82
0.47
1.11
1.47
0.46
0.11
-0.05
0.11
0.05
0.35
1.01
-1.82
-0.55
-0.55
0.00
-1.27
-1.25
-0.02
0.03
-0.08
-0.14
0.06
0.11

1995Q3
1980Q4
1972Q1
2015Q3
1993Q4
2012Q1
.................
1979Q4
2005Q2
1990Q1
2012Q3
2013Q2
2015Q1
.................
1975Q3
.................
1981Q4
.................
.................
2015Q4
.................
.................
2014Q2
2008Q3
2002Q2

2.40
1.29
0.82
0.47
1.11
1.47
.................
0.11
-0.05
0.11
0.05
0.35
1.01
.................
-0.55
.................
0.00
.................
.................
-0.02
.................
.................
-0.14
0.06
0.11

2016Q2
2016Q2
2016Q3
2016Q2
2016Q3
2015Q1
2015Q3
2016Q3
2016Q3
2015Q3
2016Q3
2015Q4
2013Q3
2016Q3
2016Q3
2016Q3
2016Q3
2016Q3
2016Q3
2015Q2
2016Q3
2016Q3
2016Q3
2016Q3
2016Q1

2.88
1.51
0.84
0.80
1.26
1.62
0.92
0.18
0.30
0.53
0.13
0.40
1.60
0.85
1.16
1.08
0.08
-0.31
-0.06
-0.01
0.14
0.16
0.08
0.08
0.39

2016Q3
2016Q3
2016Q2
2016Q3
2016Q1
2016Q3
2016Q3
2016Q1
2016Q2
2016Q3
2015Q1
2016Q3
2016Q3
2004Q2
2015Q1
2015Q1
2016Q1
2014Q4
2014Q4
2016Q3
2016Q2
2016Q1
2014Q4
2016Q1
2016Q3

2.03
0.77
0.70
-0.07
0.86
0.50
0.02
-0.44
-0.06
-0.26
0.03
-0.16
0.49
-1.84
-0.78
-0.94
-0.09
-1.74
-1.50
-0.26
-0.30
-0.10
-0.52
0.03
-0.02

March 30, 2017

2016:IV Comparisons -- Corporate Profits: Level Change and Percent Change
Last period with
2016:IV change
equal value
Dollar change from preceding quarter
Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA
Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA
Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment

Last period with
larger value

Last period with
smaller value

2016Q3
2016Q3
2016Q3
2016Q2
2016Q3

117.8
98.3
62.2
86.2
95.4

2016Q2
2016Q2
2015Q4
2016Q3
2016Q2

-12.5
-28.9
-142.5
42.7
-13.4

0.5
2.3
1.6
3.7
1.0

2016Q3
2016Q3
2016Q3
2016Q2
2016Q3

5.8
6.7
2.9
5.6
4.6

2016Q2
2016Q2
2015Q4
2016Q3
2016Q2

-0.6
-1.9
-6.7
2.6
-0.6

9.3 ................. .................
15.7 2003Q3
15.7
14.1 ................. .................
22.3 ................. .................
10.9 1983Q1
10.9

2012Q3
2012Q1
2012Q3
2012Q1
2012Q1

9.4
22.9
20.0
27.9
11.9

2016Q3
2016Q3
2016Q3
2016Q3
2016Q3

2.1
0.6
4.8
4.3
2.5

11.2 ................. .................
36.0 ................. .................
37.0 ................. .................
61.8 ................. .................
20.6 ................. .................
Percent change from preceding quarter (quarterly rates)
0.5 2010Q2
2.3 2014Q4
1.6 2012Q3
3.7 1965Q2
1.0 2000Q3
Percent change from quarter one year ago

March 30, 2017

2016 (Third Estimate) Comparisons -- Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures
[Percent]
Last period with
Last period with
Last period with
2016 % change
equal value
larger value
smaller value
Gross domestic product (GDP)
1.6
2011
1.6
2015
2.6
2009
-2.8
Personal consumption expenditures (PCE)
2.7
1960
2.7
2015
3.2
2013
1.5
Goods
3.6
2006
3.6
2015
4.0
2013
3.1
Durable goods
5.8 ................. .................
2015
6.9
2009
-5.5
Nondurable goods
2.5
1995
2.5
2015
2.6
2013
1.7
Services
2.3
2014
2.3
2015
2.8
2013
0.6
2015
5.0
2009
-21.6
Gross private domestic investment
-1.6 ................. .................
Fixed investment
0.7
1961
0.7
2015
4.0
2009
-16.7
Nonresidential
-0.5 ................. .................
2015
2.1
2009
-15.6
Structures
-2.9
1987
-2.9
2014
10.3
2015
-4.4
Equipment
-2.9
1952
-2.9
2015
3.5
2009
-22.9
1962
4.7
2015
4.8
2014
3.9
Intellectual property products
4.7
Residential
4.9 ................. .................
2015
11.7
2014
3.5
Change in private inventories
.......................... ................. ................. ................. ................. ................. .................
Net exports of goods and services
.......................... ................. ................. ................. ................. ................. .................
Exports
0.4 ................. .................
2014
4.3
2015
0.1
2014
4.4
2015
-0.6
Goods
0.6 ................. .................
Services
-0.1 ................. .................
2015
1.6
2009
-1.1
Imports
1.2 ................. .................
2015
4.6
2013
1.1
Goods
0.7 ................. .................
2015
4.9
2009
-15.8
Services
3.1 ................. .................
2011
4.0
2015
2.9
Government consumption expenditures and gross investment
0.8 ................. .................
2015
1.8
2014
-0.9
2015
0.0
Federal
0.6 ................. .................
2010
4.4
National defense
-0.7
1948
-0.7
2010
3.2
2015
-2.1
Nondefense
2.6 ................. .................
2015
3.3
2014
0.1
State and local
0.9
2006
0.9
2015
2.9
2014
0.2
Addenda:
2015
2.5
2013
1.2
Gross domestic income (GDI)
1.6 ................. .................
Average of GDP and GDI
1.6
2002
1.6
2015
2.6
2013
1.5
Final sales of domestic product
2.0
2007
2.0
2015
2.4
2013
1.5
Gross domestic purchases
1.7 ................. .................
2015
3.2
2013
1.3
Final sales to domestic purchasers
2.1
1956
2.1
2015
3.1
2013
1.2
2013
2.1
Final sales to private domestic purchasers
2.3 ................. .................
2015
3.3
Gross national product (GNP)
1.6 ................. .................
2015
2.3
2009
-2.9
Disposable personal income
2.8
2001
2.8
2015
3.5
2013
-1.4
Current-dollar measures:
GDP
3.0 ................. .................
2015
3.7
2009
-2.0
GDI
3.0 ................. .................
2015
3.6
2013
2.9
Average of GDP and GDI
3.0 ................. .................
2015
3.7
2009
-2.0
2013
3.1
Final sales of domestic product
3.4 ................. .................
2015
3.6
Gross domestic purchases
2.8
2013
2.8
2015
3.7
2009
-4.1
Final sales to domestic purchasers
3.2
2002
3.2
2015
3.5
2013
2.6
Final sales to private domestic purchasers
3.4
2001
3.4
2015
3.8
2010
3.1
GNP
2.9 ................. .................
2015
3.4
2009
-2.2
2015
3.8
Disposable personal income
3.9 ................. .................
2014
5.1
Chain-type price measures:
0.4
Gross domestic purchases
1.0
1961
1.0
2014
1.7
2015
Gross domestic purchases excluding food and energy
1.4 ................. .................
2014
1.8
2015
1.1
GDP
1.3
1959
1.3
2014
1.8
2015
1.1
GDP excluding food and energy
1.6 ................. .................
2014
1.9
2015
1.2
GDP implicit price deflator
1.3 ................. .................
2014
1.8
2015
1.1
1.5
2015
0.3
PCE
1.1 ................. .................
2014
1.4
PCE excluding food and energy
1.7
2002
1.7
2012
1.9
2015
Market-based PCE
0.8 ................. .................
2014
1.1
2015
0.0
Market-based PCE excluding food and energy
1.5
2002
1.5
2012
1.8
2015
1.1

March 30, 2017

2016 (Third Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product
2016
contribution
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

Last period with
equal value

Last period with
larger value

Last period with
smaller value

1.6

2011

1.6

2015

2.6

2009

-2.8

1.86
0.79
0.42
0.36
1.08
-0.26
0.11
-0.07
-0.08
-0.17
0.19
0.18
-0.37
-0.13
0.04
0.05
0.00
-0.17
-0.09
-0.08
0.14
0.04
-0.03
0.07
0.10

1989
.................
1937
.................
.................
.................
1987
.................
1974
.................
2015
.................
.................
.................
.................
.................
1983
1957
.................
2015
1960
.................
1976
1999
1976

1.86
.................
0.42
.................
.................
.................
0.11
.................
-0.08
.................
0.19
.................
.................
.................
.................
.................
0.00
-0.17
.................
-0.08
0.14
.................
-0.03
0.07
0.10

2015
2015
2015
2015
2015
2015
2015
2015
2014
2015
2005
2015
2015
2013
2014
2014
2015
2009
2009
2014
2015
2010
2010
2015
2015

2.16
0.91
0.51
0.40
1.26
0.82
0.65
0.27
0.29
0.21
0.23
0.39
0.17
0.29
0.58
0.41
0.07
2.26
2.15
-0.07
0.32
0.37
0.18
0.09
0.32

2013
2013
2009
2013
2014
2009
2009
2009
2015
2009
2014
2014
2009
2015
2015
2015
2009
2015
2015
2012
2014
2015
2015
2014
2014

1.00
0.71
-0.41
0.27
1.06
-3.52
-2.77
-2.04
-0.13
-1.29
0.15
0.11
-0.76
-0.71
0.01
-0.06
-0.04
-0.73
-0.65
-0.09
-0.16
0.00
-0.09
0.00
0.03

March 30, 2017

2016 Comparisons -- Corporate Profits: Level Change and Percent Change

Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA
Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment

Last period with
equal value
2016 change
Dollar change from preceding year
-2.3 ................. .................
8.2 ................. .................
57.7 ................. .................
68.2 ................. .................
49.2 ................. .................
Percent change from preceding year
-0.1 ................. .................
0.5 ................. .................
2.7 ................. .................
4.3 ................. .................
2.4 ................. .................

Last period with
larger value

Last period with
smaller value

2014
2014
2014
2012
2014

119.2
54.2
106.8
255.5
66.1

2015
2015
2015
2015
2015

-64.0
-85.1
-125.3
-146.3
-25.0

2014
2014
2014
2012
2014

5.9
3.5
5.0
17.9
3.2

2015
2015
2015
2015
2015

-3.0
-5.3
-5.5
-8.5
-1.2