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January 25, 2024

2023Q4 (Advance Estimate) Comparisons -- Percent Change from Preceding Period in
Real Gross Domestic Product and Related Measures
[Percent] Seasonally adjusted at annual rates

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

2023Q4 %
change
3.3
2.8
3.8
4.6
3.4
2.4
2.1
1.7
1.9
3.2
1.0
2.1
1.1
.....................
.....................
6.3
4.7
9.5
1.9
0.8
6.8
3.3
2.5
0.9
4.6
3.7

Last period with
equal value
2021Q3
3.3
2021Q3
2.8
1995Q4
3.8
1976Q3
4.6
2014Q3
3.4
2003Q2
2.4
............... ...............
2015Q1
1.7
............... ...............
2001Q3
3.2
............... ...............
............... ...............
1986Q4
1.1
............... ...............
............... ...............
............... ...............
1982Q2
4.7
............... ...............
1989Q2
1.9
2018Q2
0.8
2016Q3
6.8
2023Q2
3.3
1998Q4
2.5
2022Q2
0.9
2012Q1
4.6
2015Q3
3.7

3.2
2.8
2.7
2.6
.....................
.....................
.....................
2.5

2016Q1
3.2 2023Q3
3.6 2023Q2
2.1
2015Q2
2.8 2023Q3
4.7 2023Q2
2.0
2017Q1
2.7 2023Q3
3.5 2023Q2
2.0
1.7
2018Q2
2.6 2023Q3
3.0 2023Q2
............... ............... ............... ............... ............... ...............
............... ............... ............... ............... ............... ...............
............... ............... ............... ............... ............... ...............
2017Q4
2.5 2023Q2
3.3 2023Q3
0.3

4.8
4.8
4.7
4.7
4.6
.....................
.....................
.....................
4.2

1997Q4
4.8 2023Q3
8.3 2023Q2
3.8
2016Q2
4.8 2023Q3
7.0 2023Q2
3.9
2017Q3
4.7 2023Q3
7.7 2023Q2
3.4
2007Q2
4.7 2023Q3
6.4 2023Q2
3.4
2016Q2
4.6 2023Q3
5.5 2023Q2
3.7
............... ............... ............... ............... ............... ...............
............... ............... ............... ............... ............... ...............
............... ............... ............... ............... ............... ...............
2010Q4
4.2 2023Q2
5.8 2023Q3
2.9

1.9
2.1
1.5
2.4
1.5
1.7
2.0
1.8
2.3

2016Q4
2023Q2
2014Q1
2017Q4
2014Q1
2013Q3
2023Q3
2015Q2
1995Q2

1.9
2.1
1.5
2.4
1.5
1.7
2.0
1.8
2.3

Last period with
larger value
2023Q3
4.9
2023Q3
3.1
2023Q3
4.9
2023Q3
6.7
2023Q3
3.9
2023Q1
3.1
2023Q3
10.0
2023Q3
2.6
2023Q2
7.4
2023Q3
11.2
2023Q2
7.7
2023Q2
2.7
2023Q3
6.7
............... ...............
............... ...............
2023Q1
6.8
2023Q3
7.7
2022Q2
13.9
2023Q3
4.2
2023Q3
5.9
2022Q3
8.1
2023Q3
5.8
2023Q3
7.1
2023Q3
8.4
2023Q3
5.5
2023Q3
5.0

2023Q3
2023Q3
2023Q3
2023Q3
2023Q3
2023Q3
2023Q2
2023Q3
2023Q2

2.9
2.5
3.3
3.0
3.3
2.6
3.7
2.5
3.7

Last period with
smaller value
2023Q2
2.1
2023Q2
0.8
2023Q2
0.5
2023Q2
-0.3
2023Q2
0.9
2023Q3
2.2
2023Q1
-9.0
2022Q4
-5.4
2023Q3
1.4
2022Q3
-1.3
2023Q3
-4.4
2023Q3
1.8
2023Q2
-2.2
............... ...............
............... ...............
5.4
2023Q3
-16.0
2023Q2
2023Q3
1.0
2023Q2
-7.6
2023Q2
-6.5
-2.8
2023Q3
2.9
2022Q3
2023Q2
1.1
2022Q3
-0.3
2023Q2
-0.4
2.8
2022Q4

2023Q2
2020Q2
2020Q2
2023Q2
2020Q2
2020Q2
2020Q4
2020Q4
2023Q3

1.4
-0.3
-1.4
2.3
-1.6
-1.7
1.8
1.4
1.9

January 25, 2024

2023Q4 (Advance Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product
2023Q4
contribution
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Source: U.S. Bureau of Economic Analysis

Last period with
equal value

3.3 2021Q3
1.91
0.85
0.36
0.49
1.06
0.38
0.31
0.26
0.10
0.05
0.11
0.04
0.07
0.43
0.68
0.34
0.34
-0.25
-0.08
-0.17
0.56
0.16
0.03
0.13
0.40

Last period with
larger value

3.3 2023Q3

............... ............... 2023Q3
1961Q3
0.85 2023Q3
2012Q3
0.36 2023Q3
1973Q1
0.49 2023Q3
1979Q4
1.06 2023Q1
1988Q3
0.38 2023Q3
2009Q4
0.31 2023Q3
1999Q4
0.26 2023Q2
2001Q3
0.10 2023Q3
2018Q2
0.05 2023Q2
1994Q1
0.11 2023Q2
2019Q4
0.04 2023Q3
............... ............... 2023Q3
1956Q3
0.43 2023Q1
2012Q1
0.68 2023Q1
1978Q1
0.34 2023Q3
............... ............... 2022Q2
2011Q2
-0.25 2023Q2
1995Q3
-0.08 2023Q2
2015Q3
-0.17 2023Q3
2002Q4
0.56 2023Q3
1991Q2
0.16 2023Q3
2022Q2
0.03 2023Q3
2017Q4
0.13 2023Q3
2015Q3
0.40 2023Q3

Last period with
smaller value

4.9 2023Q2
2.11
1.09
0.53
0.56
1.40
1.74
0.46
0.98
0.33
0.38
0.15
0.26
1.27
0.58
0.76
0.55
0.46
1.13
0.78
0.08
0.99
0.45
0.30
0.15
0.53

2023Q2
2023Q2
2023Q2
2023Q2
2023Q3
2023Q1
2022Q4
2023Q3
2022Q3
2023Q3
2023Q3
2023Q2
2023Q2
2023Q3
2023Q3
2023Q2
2023Q3
2023Q3
2023Q3
2022Q3
2022Q3
2023Q2
2022Q3
2023Q2
2022Q4

2.1
0.55
0.11
-0.03
0.14
1.02
-1.69
-0.99
0.21
-0.03
-0.22
0.10
-0.09
0.00
0.03
0.59
-1.31
0.04
-0.56
-0.64
-0.21
0.49
0.07
-0.01
-0.01
0.31

January 25, 2024

2023 (Advance Estimate) Comparisons -- Percent Change from Preceding Period in
Real Gross Domestic Product and Related Measures
[Percent]
2023 %
change
Gross domestic product (GDP)
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
Gross domestic income (GDI)
Average of GDP and GDI
Gross national product (GNP)
Disposable personal income
Current-dollar measures:
GDP
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Final sales to private domestic purchasers
GDI
Average of GDP and GDI
GNP
Disposable personal income
Chain-type price measures:
Gross domestic purchases
Gross domestic purchases excluding food and energy
GDP
GDP excluding food and energy
GDP implicit price deflator
PCE
PCE excluding food and energy
Market-based PCE
Market-based PCE excluding food and energy
Source: U.S. Bureau of Economic Analysis

Last period with
equal value
2.5

Last period with
larger value
2021

2.5

2019

2.2
2.1
4.3
0.9
2.3
-1.2
0.5
4.4
12.7
-0.1
4.3
-10.7
.....................
.....................
2.7
2.6
3.0
-1.7
-1.7
-1.6
4.0
4.2
3.5
5.2
3.8

...............
2012
...............
2011
...............
...............
...............
...............
1979
...............
1933
...............
...............
...............
...............
1941
...............
...............
...............
...............
...............
1980
2018
...............
1988

...............
2022
2.5
2020
-2.5
2.1
2021
11.3
2022
0.3
...............
2021
16.7
2022
-0.3
0.9
2021
8.5
2022
0.6
...............
2022
3.7
2020
-5.9
...............
2022
4.8
2020
-4.7
...............
2022
1.3
2020
-2.1
...............
2022
5.2
2020
-4.7
12.7
2012
13.3
2022
-2.1
...............
2022
5.2
2020
-10.1
4.3
2022
9.1
2010
2.7
...............
2022
-9.0
2009
-21.7
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
2020
-13.1
...............
2022
7.0
2.6
2022
5.8
2020
-10.0
...............
2022
9.6
2020
-18.7
...............
2022
8.6
2020
-9.0
2020
-5.9
...............
2022
6.8
2020
-21.9
...............
2022
17.5
...............
2002
4.5
2022
-0.9
4.2
2020
6.1
2022
-2.8
3.5
2019
5.3
2022
-2.8
...............
2021
5.9
2022
-2.9
2022
0.2
3.8
2019
4.0

2.9
1.9
2.2
1.8
.....................
.....................
.....................
4.2

2018
2016
1949
1961
...............
...............
...............
...............

2.9
2021
5.5
2022
1.3
1.9
2022
2.3
2020
-1.9
2.2
2021
6.6
2022
1.7
2020
-2.4
1.8
2022
2.3
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
...............
2020
6.4
2022
-5.9

6.3
6.7
5.4
5.8
5.6
.....................
.....................
.....................
8.1

1999
...............
2018
1997
...............
...............
...............
...............
1969

6.3
2022
9.1
2020
-0.9
...............
2022
8.5
2020
-0.4
5.4
2022
9.3
2020
-0.7
5.8
2022
8.7
2020
-0.2
...............
2022
9.2
2020
-1.3
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
............... ............... ............... ............... ...............
8.1
1988
9.2
2022
0.2

3.4
3.6
3.6
4.0
3.6
3.7
4.1
3.6
4.0

1984
...............
1984
...............
1984
...............
1990
2021
...............

3.4
...............
3.6
...............
3.6
...............
4.1
3.6
...............

2022
2022
2022
2022
2022
2022
2022
2022
2022

5.8

Last period with
smaller value

6.8
6.1
7.1
6.2
7.0
6.5
5.2
6.5
5.0

2022

2020
2020
2020
2020
2020
2020
2021
2020
2021

1.9

1.3
1.5
1.3
1.5
1.3
1.1
3.6
1.0
2.9

January 25, 2024

2023 (Advance Estimate) Comparisons -- Contributions to Percent Change in Real Gross Domestic Product
2023
contribution
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Source: U.S. Bureau of Economic Analysis

Last period with
equal value

Last period with
larger value

Last period with
smaller value

2.5

2019

2.5

2021

5.8

2022

1.9

1.49
0.47
0.34
0.13
1.02
-0.21
0.09
0.58
0.36
-0.01
0.23
-0.49
-0.31
0.58
0.32
0.21
0.11
0.26
0.21
0.05
0.68
0.27
0.12
0.14
0.42

...............
1987
...............
2011
...............
...............
...............
...............
...............
...............
2007
...............
1986
...............
...............
...............
1979
...............
...............
1992
2019
...............
...............
2008
1988

...............
0.47
...............
0.13
...............
...............
...............
...............
...............
...............
0.23
...............
-0.31
...............
...............
...............
0.11
...............
...............
0.05
0.68
...............
...............
0.14
0.42

2022
2021
2021
2021
2022
2022
2022
2022
2007
2022
2022
2022
2022
2009
2022
2022
2022
2020
2020
2020
2009
2020
2019
2021
2019

1.72
2.51
1.28
1.22
1.65
0.86
0.24
0.68
0.42
0.26
0.48
-0.44
0.62
1.07
0.76
0.44
0.33
1.28
0.67
0.61
0.72
0.40
0.21
0.17
0.43

2020
2022
2022
2022
2020
2020
2020
2020
2022
2020
2020
2009
2020
2022
2020
2020
2020
2022
2022
2022
2022
2022
2022
2022
2022

-1.69
0.07
-0.02
0.09
-2.70
-0.85
-0.37
-0.66
-0.06
-0.58
0.22
-0.74
-0.48
-0.48
-1.52
-0.75
-0.77
-1.24
-0.82
-0.42
-0.16
-0.19
-0.11
-0.08
0.03