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NEWS RELEASE
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 29, 2011
Lisa Mataloni:
(202) 606-5304
Recorded message: (202) 606-5306

gdpniwd@bea.gov

Brent Moulton:
Bob Kornfeld:

(Annual Revision)

(202) 606-9606
(202) 606-9285

BEA 11-38

NATIONAL INCOME AND PRODUCT ACCOUNTS
GROSS DOMESTIC PRODUCT: SECOND QUARTER 2011 (ADVANCE ESTIMATE)
REVISED ESTIMATES: 2003 THROUGH FIRST QUARTER 2011
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 1.3 percent in the second quarter of 2011,
(that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.
The Bureau emphasized that the second-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
3). The "second" estimate for the second quarter, based on more complete data, will be released on
August 26, 2011.
The estimates released today reflect the annual revision of the national income and product
accounts (NIPAs). In addition to the regular revision of estimates for the most recent 3 years and the
first quarter of 2011, current-dollar GDP and some components are revised back to the first quarter of
2003. In cases for which the estimates for the reference year (2005) are revised, this results in revisions
to the levels of the related index numbers and chained-dollar estimates for the entire historical period;
revisions to percent changes before the first quarter of 2003 are small. Annual revisions, which are
usually released in July, incorporate source data that are more complete, more detailed, and otherwise
more reliable than those previously available. This release includes the revised quarterly estimates of
GDP, corporate profits, and personal income and provides an overview of the results of the revision.
The August 2011 Survey of Current Business will contain NIPA tables and an article describing
the revisions. The complete set of revised estimates will be available on BEA’s Web site at
www.bea.gov.

NOTE.--Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified. Quarter-to-quarter dollar changes are differences between these published estimates. Percent
changes are calculated from unrounded data and are annualized. “Real” estimates are in chained (2005)
dollars. Price indexes are chain-type measures.
This news release is available on BEA’s Web site along with the Technical Note and Highlights
related to this release.
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-2The increase in real GDP in the second quarter primarily reflected positive contributions from
exports, nonresidential fixed investment, private inventory investment, and federal government spending
that were partly offset by a negative contribution from state and local government spending. Imports,
which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP in the second quarter primarily reflected a deceleration in imports,
an upturn in federal government spending, and an acceleration in nonresidential fixed investment that
were partly offset by a sharp deceleration in personal consumption expenditures.
Final sales of computers added 0.15 percentage point to the second-quarter change in real GDP
after adding 0.08 percentage point to the first-quarter change. Motor vehicle output subtracted 0.12
percentage point from the second-quarter change in real GDP after adding 1.08 percentage points to the
first-quarter change.
The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 3.2 percent in the second quarter, compared with an increase of 4.0 percent in the first.
Excluding food and energy prices, the price index for gross domestic purchases increased 2.6 percent in
the second quarter, compared with an increase of 2.4 percent in the first.
Real personal consumption expenditures increased 0.1 percent in the second quarter, compared
with an increase of 2.1 percent in the first. Durable goods decreased 4.4 percent, in contrast to an
increase of 11.7 percent. Nondurable goods increased 0.1 percent, compared with an increase of 1.6
percent. Services increased 0.8 percent, the same increase as in the first.
Real nonresidential fixed investment increased 6.3 percent in the second quarter, compared with
an increase of 2.1 percent in the first. Nonresidential structures increased 8.1 percent, in contrast to a
decrease of 14.3 percent. Equipment and software increased 5.7 percent, compared with an increase of
8.7 percent. Real residential fixed investment increased 3.8 percent, in contrast to a decrease of 2.4
percent.
Real exports of goods and services increased 6.0 percent in the second quarter, compared with an
increase of 7.9 percent in the first. Real imports of goods and services increased 1.3 percent, compared
with an increase of 8.3 percent.
Real federal government consumption expenditures and gross investment increased 2.2 percent
in the second quarter, in contrast to a decrease of 9.4 percent in the first. National defense increased 7.3
percent, in contrast to a decrease of 12.6 percent. Nondefense decreased 7.3 percent, compared with a
decrease of 2.7 percent. Real state and local government consumption expenditures and gross
investment decreased 3.4 percent, the same decrease as in the first.
The change in real private inventories added 0.18 percentage point to the second-quarter change
in real GDP after adding 0.32 percentage point to the first-quarter change. Private businesses increased
inventories $49.6 billion in the second quarter, following increases of $49.1 billion in the first quarter
and $38.3 billion in the fourth.
Real final sales of domestic product -- GDP less change in private inventories -- increased 1.1
percent in the second quarter, after increasing less than 0.1 percent.
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-3Gross domestic purchases
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 0.7 percent in the second quarter, the same increase as in the first.
Disposition of personal income
Current-dollar personal income increased $132.5 billion (4.2 percent) in the second quarter,
compared with an increase of $251.9 billion (8.3 percent) in the first.
Personal current taxes increased $22.6 billion in the second quarter, compared with an increase
of $122.3 billion in the first.
Disposable personal income increased $109.9 billion (3.9 percent) in the second quarter,
compared with an increase of $129.6 billion (4.7 percent) in the first. Real disposable personal income
increased 0.7 percent, the same increase as in the first quarter.
Personal outlays increased $83.5 billion (3.1 percent) in the second quarter, compared with an
increase of $153.5 billion (5.8 percent) in the first. Personal saving -- disposable personal income less
personal outlays -- was $590.6 billion in the second quarter, compared with $564.3 billion in the first.
The personal saving rate -- saving as a percentage of disposable personal income -- was 5.1 percent in
the second quarter, compared with 4.9 percent in the first. For a comparison of personal saving in
BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s flow
of funds accounts and data on changes in net worth, go to www.bea.gov/national/nipaweb/Nipa-Frb.asp.

Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
3.7 percent, or $136.0 billion, in the second quarter to a level of $15,003.8 billion. In the first quarter,
current-dollar GDP increased 3.1 percent, or $112.8 billion.

Information on the assumptions used for unavailable source data is provided in a technical note
that is posted with the news release on BEA's Web site. Within a few days after the release, a detailed
"Key Source Data and Assumptions" file is posted on the Web site. In the middle of each month, an
analysis of the current quarterly estimate of GDP and related series is made available on the Web site;
click on Survey of Current Business, "GDP and the Economy."

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-4Revision of the National Income and Product Accounts

The revised estimates reflect the results of the annual revision of the national income and product
accounts (NIPAs). In addition to the regular revision of estimates for the most recent 3 years and the
first quarter of 2011, this “flexible” annual revision results in revisions to current-dollar GDP and some
components back to the first quarter of 2003. 1 The reference year remains 2005. In cases for which the
estimates for the reference year (2005) are revised, this results in revisions to the levels of the related
index numbers and chained-dollar estimates for the entire historical period; revisions to percent changes
before the first quarter of 2003 are small.
Annual revisions, usually made each July, incorporate newly available and more comprehensive
source data, as well as improved estimating methodologies. In this annual revision, the notable revisions
primarily reflect the incorporation of newly available and revised source data. For example, the revised
estimates of profits reflect newly available Internal Revenue Service tabulations of tax returns for
corporations for 2009 and revised tabulations for 2008.
With the release of the annual revision, statistics for selected NIPA tables will be available on
BEA’s Web site (www.bea.gov). Shortly after the GDP release, BEA will post a table on its Web site
showing the major current-dollar revisions and their sources for each component of GDP, national
income, and personal income. The August 2011 Survey of Current Business will contain NIPA tables
and an article describing the revisions. That issue will also contain an analysis of the current quarterly
estimate of GDP and related series (“GDP and the Economy”).
Because of the additional data shown, tables 3, 11, and 12 of this release are each divided into
two separate tables -- 3A and 3B, 11A and 11B, and 12A and 12B. There are also a number of special
tables that compare the revised and previously published estimates for selected periods:
•

Table 1A shows the percent change in real GDP and related measures; table 1B shows revisions
to current-dollar GDP, to national income, and to disposition of personal income; table 2A shows
contributions to the percent change in real GDP; and table 4A shows the percent change in the
chain-type price indexes for GDP and related measures.

•

Tables 7A, 7B, and 7C show annual levels, percent changes, and revisions to percent changes for
current-dollar GDP, for real (chained-dollar) GDP, and for chain-type price indexes for GDP,
respectively.

•

Table 12C shows revisions to corporate profits by industry.
This section of the release discusses the highlights of the revisions and describes their sources.

1

BEA’s plans to undertake “flexible annual revisions” that include revisions for longer periods than the
traditional 3-year period were described in the June 2008 Survey of Current Business at
www.bea.gov/scb.
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-5Summary of revisions
For this annual revision, the most notable revisions are generally limited to the period from 2008
to the first quarter of 2011. The revisions for earlier periods tend to be small.
•

For 2007-2010, real GDP decreased at an average annual rate of 0.3 percent; in the previously
published estimates, real GDP had increased at an average annual rate of less than 0.1 percent.
From the fourth quarter of 2007 to the first quarter of 2011, real GDP decreased at an average
annual rate of 0.2 percent; in the previously published estimates, real GDP had increased at an
average annual rate of 0.2 percent.

•

The percent change in real GDP was revised down 0.3 percentage point for 2008, was revised
down 0.9 percentage point for 2009, and was revised up 0.1 percentage point for 2010.

•

The revisions to the annual estimates for 2008 and 2010 reflect partly offsetting revisions to the
quarters within the year. For example, for 2010, the annual rate of change in GDP was revised
up 0.2 percentage point for the first quarter and was revised up 2.1 percentage points for the
second quarter, while the growth rates for the third and fourth quarters were revised down 0.1
and 0.8 percentage point, respectively. The downward revision to the change in real GDP for
2009 reflects downward revisions to the first and fourth quarters.

•

For the 13 quarters from the fourth quarter of 2007 to the first quarter of 2011, the average
revision (without regard to sign) was 0.9 percentage point. The revisions did not change the
direction of the change in real GDP (increase or decrease) for any of the quarters.

•

For 2007-2010, the average annual rate of growth of real disposable personal income was revised
down 0.6 percentage point from 1.2 percent to 0.6 percent.

•

From the fourth quarter of 2007 to the first quarter of 2011, the average annual rate of increase in
the price index for gross domestic purchases was revised up from 1.4 percent to 1.6 percent. The
average annual rate of increase in the price index for personal consumption expenditures (PCE)
was revised up from 1.6 percent to 1.7 percent, and the increase in the “core” PCE price index
(which excludes food and energy) was revised up from 1.5 percent to 1.6 percent.

•

National income was revised up 0.4 percent for 2008, was revised down 0.6 percent for 2009,
and was revised up 0.1 percent for 2010.

•

Corporate profits was revised down 1.1 percent for 2008, was revised up 8.3 percent for 2009,
and was revised up 10.8 percent for 2010.

Revisions to the 2008-2010 estimates
The percent change from the preceding year in real GDP was revised down from a decrease of
less than 0.1 percent to a decrease of 0.3 percent for 2008, was revised down from a decrease of 2.6
percent to a decrease of 3.5 percent for 2009, and was revised up from an increase of 2.9 to an increase
of 3.0 percent for 2010.
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-6For 2008, the largest contributors to the downward revision to the change in real GDP were
downward revisions to PCE, to nonresidential fixed investment, and to state and local government
spending. For 2009, the largest contributors to the downward revision were downward revisions to
PCE, to inventory investment, and to nonresidential fixed investment, and an upward revision to
imports. For 2010, the largest contributors to the upward revision were upward revisions to inventory
investment and to PCE; these revisions were partly offset by downward revisions to nonresidential fixed
investment, to state and local government spending, to residential fixed investment, and to exports.
The percent change from fourth quarter to fourth quarter in real GDP was revised down from a
decrease of 2.8 percent to a decrease of 3.3 percent for 2008, was revised down from an increase of 0.2
percent to a decrease of 0.5 percent for 2009, and was revised up from an increase of 2.8 percent to an
increase of 3.1 percent for 2010.
For the period of contraction from the fourth quarter of 2007 to the second quarter of 2009, real
GDP decreased at an average annual rate of 3.5 percent; in the previously published estimates, it had
decreased 2.8 percent.
For the period of expansion from the second quarter of 2009 to the first quarter of 2011, real
GDP increased at an average annual rate of 2.6 percent; in the previously published estimates, it had
increased 2.8 percent.
The percent change from the preceding year in real gross domestic income (GDI) was revised up
from a decrease of 0.8 percent to a decrease of 0.4 percent for 2008, was revised down from a decrease
of 2.9 percent to a decrease of 4.0 percent for 2009, and was revised up from an increase of 3.1 percent
to an increase of 3.6 percent for 2010.
The percent change from the preceding year in the price index for gross domestic purchases was
unrevised at 3.2 percent for 2008, was revised up from a decrease of 0.2 percent to a decrease of 0.1
percent for 2009, and was revised up from an increase of 1.3 percent to an increase of 1.5 percent for
2010. For the quarters of 2008 to 2010, the percent change in the price index was revised down for one
quarter, was revised up for seven quarters, and was unrevised for four quarters; the largest upward
revision was 0.4 percentage point (for both the fourth quarter of 2008 and the second quarter of 2010).
Current-dollar GDP was revised down for all 3 years: $77.6 billion, or 0.5 percent, for 2008;
$180.0 billion, or 1.3 percent, for 2009; and $133.9 billion, or 0.9 percent, for 2010. The percent change
from the preceding year was revised down from an increase of 2.2 percent to an increase of 1.9 percent
for 2008; was revised down from a decrease of 1.7 percent to a decrease of 2.5 percent for 2009; and
was revised up from an increase of 3.8 percent to an increase of 4.2 percent for 2010. Current-dollar
gross national product (GNP) (GDP plus net receipts of income from the rest of the world) was revised
down for all 3 years: $82.9 billion, or 0.6 percent, for 2008; $174.1 billion, or 1.2 percent, for 2009; and
$132.8 billion, or 0.9 percent, for 2010. Net receipts of income was revised down $5.3 billion for 2008,
was revised up $6.1 billion for 2009, and was revised up $1.1 billion for 2010. The revisions to net
receipts of income -- which affect GNP, national income, corporate profits, net interest and
miscellaneous payments, and personal income receipts on assets -- resulted from the revisions to BEA's
international transactions accounts (ITAs) that were released in June. Although the revisions to the
ITAs extended back to 1999, the revisions prior to 2008 were not incorporated into the NIPAs except for
the estimates of petroleum imports, which were revised back to 2007. (An article describing the
revisions to the ITAs was published in the July 2011 issue of the Survey of Current Business.)
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-7-

Current-dollar GDP was also revised down for all 4 years from 2004-2007: $14.5 billion for
2004, $15.4 billion for 2005, $21.7 billion for 2006, and $33.1 billion for 2007. For 2003, GDP was
revised up by less than $1 billion. For 2003-2007, the revisions to current-dollar GDP were mainly
accounted for by revisions to PCE.
National income was revised up $51.3 billion, or 0.4 percent, for 2008; was revised down $77.4
billion, or 0.6 percent, for 2009; and was revised up $18.5 billion, or 0.1 percent, for 2010. For 2008,
upward revisions to net interest, to supplements to wages and salaries, and to rental income of persons
were partly offset by downward revisions to corporate profits and to wages and salaries. For 2009,
downward revisions to net interest and to nonfarm proprietors’ income were partly offset by upward
revisions to corporate profits, to rental income of persons, and to farm proprietors’ income. For 2010,
upward revisions to corporate profits, to rental income of persons, and to wages and salaries were partly
offset by downward revisions to net interest, to nonfarm proprietors’ income, and to supplements to
wages and salaries.
Corporate profits from current production -- profits before tax with inventory valuation and
capital consumption adjustments -- was revised down $14.4 billion, or 1.1 percent, for 2008; was revised
up $104.0 billion, or 8.3 percent, for 2009; and was revised up $175.3 billion, or 10.8 percent, for 2010.
For 2008, downward revisions to profits of domestic financial corporations and to profits from
the rest of the world were partly offset by an upward revision to profits of domestic nonfinancial
corporations. For 2009, upward revisions to profits of domestic financial corporations and to profits
from the rest of the world were partly offset by a downward revision to profits of domestic nonfinancial
corporations. For 2010, upward revisions to profits of domestic financial and to profits of nonfinancial
corporations were partly offset by a small downward revision to profits from the rest of the world.
Profits before tax was revised up for all 3 years: $26.7 billion for 2008, $139.0 billion for 2009,
and $18.4 billion for 2010. The before-tax measure of profits does not reflect, as does profits from
current production, the capital consumption and inventory valuation adjustments. These adjustments
convert depreciation of fixed assets and inventory withdrawals reported on a tax-return, historical-cost
basis to the current-cost measures used in the national income and product accounts. The capital
consumption adjustment was revised down $40.8 billion for 2008, was revised down $23.7 billion for
2009, and was revised up $151.1 billion for 2010. The inventory valuation adjustment was revised
down 0.4 billion for 2008, was revised down $11.3 billion for 2009, and was revised up $5.8 billion for
2010.
Personal income was revised up $69.1 billion, or 0.6 percent, for 2008; was revised down $244.7
billion, or 2.0 percent, for 2009; and was revised down $167.5 billion, or 1.3 percent, for 2010. For
2008, upward revisions to personal interest income, to supplements to wages and salaries, and to rental
income of persons were partly offset by downward revisions to personal dividend income, to wages and
salaries, and to nonfarm proprietors’ income. For 2009, downward revisions to personal interest
income, to personal dividend income, and to nonfarm proprietors’ income were partly offset by upward
revisions to rental income of persons and to farm proprietors’ income. For 2010, downward revisions to
personal interest income, to nonfarm proprietors’ income, to supplements to wages and salaries, and to
personal current transfer receipts were partly offset by upward revisions to rental income of persons, to
wages and salaries, and to farm proprietors’ income.
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-8Disposable personal income (DPI) (personal income less personal current taxes) was revised up
$71.6 billion, or 0.7 percent, for 2008; was revised down $246.1 billion, or 2.2 percent, for 2009; and
was revised down $195.0 billion, or 1.7 percent, for 2010. Personal current taxes was revised down $2.5
billion for 2008, was revised up $1.4 billion for 2009, and was revised up $27.6 billion for 2010. The
percent change from the preceding year in real DPI was revised up from 1.7 percent to 2.4 percent for
2008, was revised down from an increase of 0.6 percent to a decrease of 2.3 percent for 2009, and was
revised up from an increase of 1.4 percent to an increase of 1.8 percent for 2010.
Personal outlays -- PCE, personal interest payments, and personal current transfer payments -was revised down for all 3 years: $72.8 billion for 2008, $143.3 billion for 2009, and $133.8 billion for
2010. For all 3 years, downward revisions to PCE accounted for most of the revisions to personal
outlays. The personal saving rate (personal saving as a percentage of DPI) was revised up from 4.1
percent to 5.4 percent for 2008, was revised down from 5.9 percent to 5.1 percent for 2009, and was
revised down from 5.7 percent to 5.3 percent for 2010.
PCE was revised down for all 4 years from 2004-2007: $14.5 billion for 2004, $15.5 billion for
2005, $21.7 billion for 2006, and $34.0 billion for 2007. The personal saving rate was revised up from
3.4 percent to 3.6 percent for 2004, was revised up from 1.4 percent to 1.5 percent for 2005, was revised
up from 2.4 percent to 2.6 percent for 2006, and was revised up from 2.1 percent to 2.4 percent for 2007.
(For 2003, PCE was revised up by less than $1 billion, and the personal saving rate was unrevised.)
The statistical discrepancy is current-dollar GDP less current-dollar gross domestic income
(GDI). It arises because most components of GDP and of GDI are estimated independently. GDP
measures final expenditures -- the sum of consumer spending, private investment, net exports, and
government spending. GDI measures the incomes earned in the production of GDP. In concept, GDP is
equal to GDI. In practice, they differ because they are estimated using different source data and
different methods.
As a result of the annual revision, the statistical discrepancy as a percentage of GDP was revised
down from 1.0 percent to less than 0.1 percent for 2008, was revised down from 1.3 percent to 0.6
percent for 2009, and was revised down from 1.1 percent to less than 0.1 percent for 2010. For 2008
and 2010, the revisions to the discrepancy reflected downward revisions to GDP and upward revisions to
GDI. For 2009, the revision to the discrepancy reflected a downward revision to GDP that was larger
than the downward revision to GDI.
New source data
In this annual revision, personal consumption expenditures (PCE) is revised back to 2003 to
incorporate source data from the 2007 Economic Census (specifically, final data on merchandise lines)
and data from the Census annual and monthly retail trade and food services surveys and from the Census
service annual survey that have been benchmarked to the economic census.
In addition, the annual revision incorporated data from the following major federal statistical
sources: Census Bureau annual survey of manufactures for 2008 (revised) and 2009 (preliminary);
Census Bureau annual surveys of merchant wholesale trade and of retail trade for 2008 (revised) and for
2009 (preliminary); Census Bureau revised monthly indicators of manufactures, of merchant wholesale
trade, and of retail trade for 2008-2010; Census Bureau annual surveys of services for 2008 (revised),
2009 (revised), and 2010 (preliminary), and of state and local government finances for fiscal years 2007
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-9(revised), 2008 (revised), and 2009 (preliminary); Census Bureau monthly survey of construction
spending (value put in place) for 2008-2010 (revised); Census Bureau quarterly services survey for
2008-2010 (revised); Census Bureau current population survey/housing vacancy survey for 2010;
federal government budget data for fiscal years 2010 and 2011; Internal Revenue Service tabulations of
tax returns for corporations for 2008 (revised) and 2009 (preliminary) and for sole proprietorships and
partnerships for 2009; Bureau of Labor Statistics quarterly census of employment and wages for 20082010 (revised); Department of Agriculture farm statistics for 2008-2010 (revised); and BEA's ITAs for
2008-2010 (revised).
Changes in methodology
The annual revision also incorporated improvements to estimating methodologies, including the
following:
•

Personal consumption expenditures (PCE) are revised back to 2003 to incorporate source data
from the 2007 Economic Census (specifically, final data on merchandise lines) and data from the
Census Bureau annual and monthly retail trade and food services surveys and from the Census
Bureau service annual survey that have been benchmarked to the economic census. In addition,
for 2008 forward, improved price indexes are used for deflating PCE for property and casualty
insurance.

•

Starting with the first quarter of 2011, the quarterly and monthly estimates of PCE for portfolio
management and investment advice services reflect the incorporation of newly available Census
Bureau quarterly services survey data on “other financial investment activities.”

•

The estimates of petroleum imports are revised back to 2007 to incorporate improvements in the
seasonal adjustment methodology for real petroleum imports, which are now derived by directly
adjusting the petroleum imports quantity data; previously, BEA seasonally adjusted the
petroleum price index and calculated seasonally adjusted real petroleum imports by deflation.

•

The estimates of private fixed investment, exports, and imports of communication equipment are
revised back to 2003 to incorporate quality-adjusted price indexes from the Federal Reserve
Board (FRB). (During the 2010 NIPA annual revision, the FRB price indexes were incorporated
only back to 2007.)

•

The estimates of rental income of persons are revised back to 2008 to reflect an improved
methodology for calculating the effective rate of interest on mortgage debt outstanding, which is
used to derive the estimates of mortgage interest paid, the largest expense deducted in the
calculation of rental income. The new method is based on the incorporation of up-to-date
monthly mortgage servicing data on actual loans and their characteristics, and provides a more
accurate picture of loan performance in the mortgage market. This change in the methodology
for deriving mortgage interest paid is also reflected in the estimates of net interest and personal
interest income.

•

In the personal income and outlays tables, the presentation of government social benefits is
modified to focus on the largest and most significant programs.
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- 10 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 -- August 26, 2011, at 8:30 A.M. EDT for:
Gross Domestic Product: Second Quarter 2011 (Second Estimate)
Corporate Profits: Second Quarter 2011 (Preliminary Estimate)

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- 11 Comparisons of Revisions to GDP

Quarterly estimates of GDP are released on the following schedule: the “advance” estimate, based on
source data that are incomplete or subject to further revision by the source agency, is released near the end of the
first month after the end of the quarter; as more detailed and more comprehensive data become available, the
“second” and “third” estimates are released near the end of the second and third months, respectively. The
“latest” estimate reflects the results of both annual and comprehensive revisions.
Annual revisions, which cover the quarters of the 3 most recent calendar years, are usually carried out
each summer and incorporate newly available major annual source data. Comprehensive (or benchmark)
revisions are carried out at about 5-year intervals and incorporate major periodic source data, as well as
improvements in concepts and methods that update the accounts to portray more accurately the evolving U.S.
economy.
The table below shows comparisons of the revisions between quarterly percent changes of current-dollar
and of real GDP for the different vintages of the estimates. From the advance estimate to the second estimate
(one month later), the average revision to real GDP without regard to sign is 0.5 percentage point, while from the
advance estimate to the third estimate (two months later), it is 0.6 percentage point. From the advance estimate to
the latest estimate, the average revision without regard to sign is 1.3 percentage points. The average revision
(with regard to sign) from the advance estimate to the latest estimate is 0.3 percentage point, which is larger than
the average revisions from the advance estimate to the second or to the third estimates. The larger average
revisions to the latest estimate reflect the fact that comprehensive revisions include major improvements, such as
the incorporation of BEA’s latest benchmark input-output accounts. The quarterly estimates correctly indicate the
direction of change of real GDP 98 percent of the time, correctly indicate whether GDP is accelerating or
decelerating 74 percent of the time, and correctly indicate whether real GDP growth is above, near, or below trend
growth more than three-fifths of the time.
Revisions Between Quarterly Percent Changes of GDP: Vintage Comparisons
[Annual rates]
Vintages
compared

Average

Average without
regard to sign

Standard deviation of
revisions without regard
to sign

Current-dollar GDP
Advance to second.....
Advance to third................
Second to third...........

0.2
.2
.0

0.5
.7
.3

0.4
.4
.2

Advance to latest...............

.4

1.2

.9

Real GDP
Advance to second.....
Advance to third................
Second to third...........

0.1
.1
.0

0.5
.6
.2

0.4
.4
.2

Advance to latest...............

.3

1.3

1.0

NOTE.--These comparisons are based on the period from 1983 through 2007.

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Table 1. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

Gross domestic product (GDP)................................................
1.8
2.5
3.5
3.1
2.7
1.9
–0.3
–3.5
3.0
0.5
3.6
3.0
1.7
Personal consumption expenditures...................................................
2.7
2.8
3.3
3.4
2.9
2.3
–0.6
–1.9
2.0
2.2
1.5
1.8
1.2
Goods..................................................................................................
4.1
4.6
4.5
4.2
3.3
3.0
–2.5
–3.0
4.3
2.6
1.9
3.0
1.0
Durable goods .................................................................................
7.6
6.6
7.3
5.9
4.5
5.0
–4.9
–5.4
7.2
5.1
5.7
5.2
2.3
Nondurable goods ...........................................................................
2.0
3.4
2.8
3.2
2.6
1.9
–1.2
–1.8
2.9
1.3
–0.1
1.9
0.4
Services ..............................................................................................
1.9
1.9
2.7
3.0
2.6
1.9
0.4
–1.4
0.9
2.0
1.4
1.1
1.3
Gross private domestic investment.....................................................
–1.4
3.9
10.1
5.5
2.7
–3.2
–10.2
–25.0
17.9
–3.9
9.2
–3.0
–9.3
Fixed investment..................................................................................
–4.2
3.5
7.4
6.5
2.4
–1.9
–7.1
–18.8
2.6
–1.2
3.5
–1.4
–4.9
Nonresidential .................................................................................
–7.9
1.4
6.2
6.7
8.0
6.5
–0.8
–17.8
4.4
6.5
10.8
9.1
5.4
Structures....................................................................................
–17.7
–3.8
1.1
1.4
9.2
14.1
6.4
–21.2
–15.8
10.7
28.0
24.3
7.4
Equipment and software..............................................................
–4.2
3.1
7.9
8.5
7.6
3.3
–4.3
–16.0
14.6
4.7
3.9
2.5
4.4
Residential.......................................................................................
5.2
8.2
9.8
6.2
–7.3
–18.7
–23.9
–22.2
–4.3
–16.4
–12.0
–24.1
–29.3
Change in private inventories .............................................................. ................ ................. ................ ................ ................ ................. ................ ................ ................ ................. ................ ................ ................
Net exports of goods and services...................................................... ................ ................. ................ ................ ................ ................. ................ ................ ................ ................. ................ ................ ................
Exports ................................................................................................
–2.0
1.6
9.5
6.7
9.0
9.3
6.1
–9.4
11.3
6.4
6.8
15.7
11.6
Goods..............................................................................................
–3.6
1.8
8.5
7.5
9.4
9.7
6.3
–12.0
14.4
12.8
7.6
12.7
9.9
Services ..........................................................................................
1.9
1.2
11.9
5.0
7.9
8.3
5.6
–3.5
5.0
–6.9
4.9
23.0
15.7
Imports ................................................................................................
3.4
4.4
11.1
6.1
6.1
2.4
–2.7
–13.6
12.5
5.9
2.0
1.0
–5.2
Goods..............................................................................................
3.7
4.9
11.1
6.8
5.9
2.6
–3.8
–15.6
14.8
8.4
1.7
0.3
–5.5
Services ..........................................................................................
1.8
1.9
11.2
2.8
7.1
1.4
3.6
–3.5
2.9
–6.3
3.6
4.4
–4.0
Government consumption expenditures and gross investment.......
4.7
2.2
1.4
0.3
1.4
1.3
2.6
1.7
0.7
–0.5
3.4
3.5
1.2
Federal ................................................................................................
7.3
6.6
4.1
1.3
2.1
1.2
7.2
6.0
4.5
–4.8
7.1
9.6
1.1
National defense..............................................................................
7.4
8.7
5.7
1.5
1.6
2.2
7.5
5.8
3.3
–7.2
8.3
10.2
0.0
Nondefense .....................................................................................
7.2
2.8
1.0
0.9
3.2
–0.8
6.5
6.5
7.1
0.5
4.7
8.2
3.4
State and local.....................................................................................
3.3
–0.1
–0.2
–0.2
0.9
1.4
0.0
–0.9
–1.8
2.1
1.3
0.2
1.3
Addenda:
Final sales of domestic product...........................................................
1.3
2.5
3.1
3.2
2.6
2.2
0.2
–2.6
1.4
1.0
2.7
3.3
2.5
Gross domestic purchases..................................................................
2.4
2.9
3.9
3.2
2.6
1.2
–1.5
–4.4
3.4
0.8
3.1
1.3
–0.5
Final sales to domestic purchasers .....................................................
1.9
2.8
3.5
3.3
2.5
1.4
–1.0
–3.6
1.8
1.2
2.2
1.6
0.2
Gross national product (GNP) .............................................................
1.8
2.7
3.6
3.1
2.4
2.3
0.0
–3.6
3.3
0.5
3.9
4.8
3.2
Disposable personal income ...............................................................
3.3
2.5
3.4
1.4
4.0
2.4
2.4
–2.3
1.8
1.8
0.6
1.6
2.2
Current-dollar measures:
GDP.................................................................................................
3.5
4.7
6.4
6.5
6.0
4.9
1.9
–2.5
4.2
5.2
6.5
4.3
3.6
Final sales of domestic product.......................................................
3.0
4.7
6.0
6.7
5.9
5.1
2.4
–1.6
2.6
5.7
5.6
4.6
4.4
Gross domestic purchases..............................................................
3.9
5.2
7.1
7.0
6.0
4.2
1.8
–4.5
5.0
5.3
6.3
3.4
3.2
Final sales to domestic purchasers .................................................
3.4
5.2
6.7
7.2
5.9
4.4
2.2
–3.7
3.3
5.7
5.4
3.6
4.0
GNP.................................................................................................
3.4
4.9
6.5
6.5
5.7
5.2
2.2
–2.6
4.4
5.2
6.7
6.2
5.2
Disposable personal income ...........................................................
4.7
4.6
6.1
4.4
6.9
5.1
5.8
–2.1
3.6
5.8
4.1
3.9
6.5

Seasonally adjusted at annual rates
2008
I

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

Gross domestic product (GDP)................................................
–1.8
1.3
–3.7
–8.9
–6.7
–0.7
1.7
3.8
3.9
3.8
2.5
2.3
0.4
1.3
Personal consumption expenditures...................................................
–1.0
–0.1
–3.8
–5.1
–1.5
–1.9
2.3
0.4
2.7
2.9
2.6
3.6
2.1
0.1
Goods..................................................................................................
–5.6
0.5
–7.7
–12.6
0.1
–2.3
7.6
0.5
6.4
3.8
4.8
8.3
4.7
–1.3
Durable goods .................................................................................
–9.6
–2.9
–12.3
–25.4
2.4
–4.0
20.3
–4.8
9.9
7.8
8.8
17.2
11.7
–4.4
Nondurable goods ...........................................................................
–3.3
2.3
–5.4
–5.8
–1.0
–1.5
2.0
3.1
4.8
1.9
3.0
4.3
1.6
0.1
Services ..............................................................................................
1.5
–0.5
–1.7
–1.2
–2.3
–1.7
–0.1
0.4
1.0
2.5
1.6
1.3
0.8
0.8
Gross private domestic investment.....................................................
–12.2
–6.0
–16.5
–33.9
–46.7
–22.8
2.9
36.8
31.5
26.4
9.2
–7.1
3.8
7.1
Fixed investment..................................................................................
–8.3
–5.2
–12.3
–25.2
–32.2
–17.0
0.7
–3.8
1.2
19.5
2.3
7.5
1.2
5.9
Nonresidential .................................................................................
–0.8
–2.3
–9.9
–22.9
–31.3
–15.8
–3.3
–3.7
6.0
18.6
11.3
8.7
2.1
6.3
Structures....................................................................................
0.8
9.4
–3.7
–10.2
–32.1
–33.3
–20.1
–30.8
–24.7
7.5
4.2
10.5
–14.3
8.1
Equipment and software..............................................................
–1.7
–7.9
–13.1
–29.3
–30.8
–4.2
6.4
11.7
21.7
23.2
14.1
8.1
8.7
5.7
Residential.......................................................................................
–28.5
–14.5
–20.0
–33.2
–35.4
–21.3
17.8
–3.8
–15.3
22.8
–27.7
2.5
–2.4
3.8
Change in private inventories .............................................................. ............... ............... ............... ............... .............. ............... ............... ............... ............... ............... ............... .............. .............. ...............
Net exports of goods and services...................................................... ............... ............... ............... ............... .............. ............... ............... ............... ............... ............... ............... .............. .............. ...............
Exports ................................................................................................
5.5
12.7
–3.5
–21.4
–29.0
–0.5
13.9
23.5
7.2
10.0
10.0
7.8
7.9
6.0
Goods..............................................................................................
9.3
14.1
–2.4
–27.4
–34.9
–2.9
21.3
28.4
12.1
11.8
8.9
9.2
10.6
6.8
Services ..........................................................................................
–2.7
9.5
–6.2
–5.6
–14.7
4.7
0.1
13.7
–2.7
6.1
12.6
4.7
1.7
4.0
Imports ................................................................................................
1.4
–2.5
–6.6
–14.9
–34.0
–15.0
16.3
17.4
12.5
21.6
12.3
–2.3
8.3
1.3
Goods..............................................................................................
–0.6
–2.2
–9.1
–18.5
–37.1
–17.9
19.6
21.8
14.4
26.0
12.4
–0.5
9.5
1.5
Services ..........................................................................................
13.0
–4.2
8.2
5.6
–19.3
–2.5
4.2
0.4
4.6
3.3
11.6
–10.4
2.2
0.2
Government consumption expenditures and gross investment.......
3.1
1.7
4.3
1.6
–1.7
5.9
1.3
–0.9
–1.2
3.7
1.0
–2.8
–5.9
–1.1
Federal ................................................................................................
9.7
4.9
11.7
9.1
–3.3
14.4
5.9
2.2
2.8
8.8
3.2
–3.0
–9.4
2.2
National defense..............................................................................
8.2
5.4
17.6
8.3
–7.5
16.3
8.2
–1.3
0.5
6.0
5.7
–5.9
–12.6
7.3
Nondefense .....................................................................................
13.0
3.9
–0.1
10.9
6.5
10.4
1.0
9.9
7.8
14.7
–1.8
3.1
–2.7
–7.3
State and local.....................................................................................
–0.6
–0.1
0.1
–2.8
–0.8
0.9
–1.5
–2.9
–3.9
0.4
–0.5
–2.7
–3.4
–3.4
Addenda:
Final sales of domestic product...........................................................
–1.1
1.5
–3.0
–7.4
–4.2
–0.2
1.4
–0.2
0.8
3.0
1.7
4.2
0.0
1.1
Gross domestic purchases..................................................................
–2.1
–0.7
–4.2
–8.3
–8.6
–2.8
2.2
3.5
4.8
5.6
3.1
0.9
0.7
0.7
Final sales to domestic purchasers .....................................................
–1.4
–0.5
–3.6
–6.9
–6.2
–2.3
1.9
–0.3
1.7
4.9
2.3
2.7
0.4
0.5
Gross national product (GNP) .............................................................
–2.3
1.3
–3.2
–10.8
–6.2
–0.5
2.3
4.0
3.8
4.5
2.8
1.7
1.5 ...............
Disposable personal income ...............................................................
5.9
8.2
–8.8
–0.2
–3.8
0.3
–5.4
–0.6
4.9
5.6
2.3
1.5
0.7
0.7
Current-dollar measures:
GDP.................................................................................................
0.6
4.0
–0.6
–8.4
–5.2
–1.1
1.9
4.9
5.5
5.4
3.9
4.2
3.1
3.7
Final sales of domestic product.......................................................
1.5
4.0
0.2
–7.4
–2.5
–0.5
1.8
1.0
2.3
4.5
3.1
6.1
2.5
3.5
Gross domestic purchases..............................................................
1.9
3.9
–0.3
–12.0
–10.4
–2.4
3.9
5.6
7.0
6.2
4.0
2.9
4.9
4.0
Final sales to domestic purchasers .................................................
2.7
3.9
0.4
–11.0
–7.9
–1.8
3.7
1.9
3.8
5.3
3.2
4.8
4.3
3.8
GNP.................................................................................................
0.0
4.1
–0.1
–10.4
–4.8
–0.9
2.6
5.1
5.4
6.1
4.1
3.5
4.2 ...............
Disposable personal income ...........................................................
10.0
13.1
–4.9
–5.8
–5.4
2.2
–2.6
2.2
6.8
5.9
3.3
3.5
4.7
3.9
See “Explanatory Note” at the end of the tables.

Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Continues
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

Gross domestic product (GDP)..................
1.8
2.5
3.5
3.1
2.7
1.9
–0.3
–3.5
3.0
0.5
3.6
3.0
1.7
Previously published .................................
1.8
2.5
3.6
3.1
2.7
1.9
0.0
–2.6
2.9
0.9
3.2
2.3
2.9
Personal consumption expenditures ....................
2.7
2.8
3.3
3.4
2.9
2.3
–0.6
–1.9
2.0
2.2
1.5
1.8
1.2
Previously published .............................................
2.7
2.8
3.5
3.4
2.9
2.4
–0.3
–1.2
1.7
2.4
1.5
1.7
1.4
Goods....................................................................
4.1
4.6
4.5
4.2
3.3
3.0
–2.5
–3.0
4.3
2.6
1.9
3.0
1.0
Previously published .........................................
4.1
4.6
4.4
4.0
3.3
2.8
–2.5
–2.0
4.3
2.3
1.4
2.4
1.1
Durable goods...................................................
7.6
6.6
7.3
5.9
4.5
5.0
–4.9
–5.4
7.2
5.1
5.7
5.2
2.3
Previously published .....................................
7.6
6.0
6.6
5.2
4.1
4.2
–5.2
–3.7
7.7
4.6
4.6
3.8
2.4
Nondurable goods .............................................
2.0
3.4
2.8
3.2
2.6
1.9
–1.2
–1.8
2.9
1.3
–0.1
1.9
0.4
Previously published .....................................
2.0
3.7
3.2
3.4
2.8
2.0
–1.1
–1.2
2.7
1.1
–0.2
1.7
0.5
Services ................................................................
1.9
1.9
2.7
3.0
2.6
1.9
0.4
–1.4
0.9
2.0
1.4
1.1
1.3
Previously published .........................................
1.9
1.9
2.9
3.0
2.7
2.2
0.9
–0.8
0.5
2.4
1.6
1.4
1.5
Gross private domestic investment.......................
–1.4
3.9
10.1
5.5
2.7
–3.2
–10.2
–25.0
17.9
–3.9
9.2
–3.0
–9.3
Previously published .............................................
–1.4
3.6
10.0
5.5
2.7
–3.1
–9.5
–22.6
17.1
–3.6
9.5
–2.9
–9.4
Fixed investment ...................................................
–4.2
3.5
7.4
6.5
2.4
–1.9
–7.1
–18.8
2.6
–1.2
3.5
–1.4
–4.9
Previously published .........................................
–4.2
3.2
7.3
6.5
2.3
–1.8
–6.4
–18.3
3.9
–1.0
3.7
–1.2
–4.8
Nonresidential ...................................................
–7.9
1.4
6.2
6.7
8.0
6.5
–0.8
–17.8
4.4
6.5
10.8
9.1
5.4
Previously published .....................................
–7.9
0.9
6.0
6.7
7.9
6.7
0.3
–17.1
5.7
6.8
11.1
9.4
5.7
Structures......................................................
–17.7
–3.8
1.1
1.4
9.2
14.1
6.4
–21.2
–15.8
10.7
28.0
24.3
7.4
Previously published .................................
–17.7
–3.8
1.1
1.4
9.2
14.1
5.9
–20.4
–13.7
10.7
28.0
24.3
7.4
Equipment and software ...............................
–4.2
3.1
7.9
8.5
7.6
3.3
–4.3
–16.0
14.6
4.7
3.9
2.5
4.4
Previously published .................................
–4.2
2.5
7.7
8.5
7.4
3.7
–2.4
–15.3
15.3
5.1
4.3
2.9
4.8
Residential ........................................................
5.2
8.2
9.8
6.2
–7.3
–18.7
–23.9
–22.2
–4.3
–16.4
–12.0
–24.1
–29.3
Previously published .....................................
5.2
8.2
9.8
6.2
–7.3
–18.7
–24.0
–22.9
–3.0
–16.4
–12.0
–24.1
–29.3
Change in private inventories................................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................
Net exports of goods and services ....................... ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................
Exports..................................................................
–2.0
1.6
9.5
6.7
9.0
9.3
6.1
–9.4
11.3
6.4
6.8
15.7
11.6
Previously published .........................................
–2.0
1.6
9.5
6.7
9.0
9.3
6.0
–9.5
11.7
6.4
6.8
15.8
11.6
Goods................................................................
–3.6
1.8
8.5
7.5
9.4
9.7
6.3
–12.0
14.4
12.8
7.6
12.7
9.9
Previously published .....................................
–3.6
1.8
8.5
7.5
9.4
9.8
6.3
–12.0
14.7
12.9
7.6
12.8
9.9
Services ............................................................
1.9
1.2
11.9
5.0
7.9
8.3
5.6
–3.5
5.0
–6.9
4.9
23.0
15.7
Previously published .....................................
1.9
1.2
11.9
5.0
7.9
8.3
5.3
–3.9
5.7
–6.9
4.9
23.0
15.7
Imports ..................................................................
3.4
4.4
11.1
6.1
6.1
2.4
–2.7
–13.6
12.5
5.9
2.0
1.0
–5.2
Previously published .........................................
3.4
4.4
11.0
6.1
6.1
2.7
–2.6
–13.8
12.6
4.6
4.6
5.0
–10.6
Goods................................................................
3.7
4.9
11.1
6.8
5.9
2.6
–3.8
–15.6
14.8
8.4
1.7
0.3
–5.5
Previously published .....................................
3.7
4.9
11.0
6.8
5.9
2.9
–3.5
–15.8
14.8
6.8
4.8
5.1
–11.8
Services ............................................................
1.8
1.9
11.2
2.8
7.1
1.4
3.6
–3.5
2.9
–6.3
3.6
4.4
–4.0
Previously published .....................................
1.8
1.9
11.2
2.8
7.1
1.4
2.4
–4.2
3.5
–6.3
3.6
4.4
–4.0
Government consumption expenditures and
gross investment.................................................
4.7
2.2
1.4
0.3
1.4
1.3
2.6
1.7
0.7
–0.5
3.4
3.5
1.2
Previously published .............................................
4.7
2.2
1.4
0.3
1.4
1.3
2.8
1.6
1.0
–0.5
3.4
3.5
1.2
Federal ..................................................................
7.3
6.6
4.1
1.3
2.1
1.2
7.2
6.0
4.5
–4.8
7.1
9.6
1.1
Previously published .........................................
7.3
6.6
4.1
1.3
2.1
1.2
7.3
5.7
4.8
–4.8
7.1
9.6
1.1
National defense ...............................................
7.4
8.7
5.7
1.5
1.6
2.2
7.5
5.8
3.3
–7.2
8.3
10.2
0.0
Previously published .....................................
7.4
8.7
5.7
1.5
1.6
2.2
7.5
5.4
3.9
–7.2
8.3
10.2
0.0
Nondefense.......................................................
7.2
2.8
1.0
0.9
3.2
–0.8
6.5
6.5
7.1
0.5
4.7
8.2
3.4
Previously published .....................................
7.2
2.8
1.0
0.9
3.2
–0.8
6.7
6.5
6.6
0.5
4.7
8.2
3.4
State and local ......................................................
3.3
–0.1
–0.2
–0.2
0.9
1.4
0.0
–0.9
–1.8
2.1
1.3
0.2
1.3
Previously published .........................................
3.3
–0.1
–0.2
–0.2
0.9
1.4
0.3
–0.9
–1.4
2.1
1.3
0.2
1.3
Addenda:
Final sales of domestic product.............................
1.3
2.5
3.1
3.2
2.6
2.2
0.2
–2.6
1.4
1.0
2.7
3.3
2.5
Previously published .........................................
1.3
2.4
3.2
3.2
2.6
2.2
0.5
–2.1
1.4
1.3
2.3
2.6
3.7
Gross domestic purchases....................................
2.4
2.9
3.9
3.2
2.6
1.2
–1.5
–4.4
3.4
0.8
3.1
1.3
–0.5
Previously published .........................................
2.4
2.8
4.0
3.2
2.6
1.3
–1.1
–3.6
3.3
0.9
3.1
1.3
–0.4
Final sales to domestic purchasers.......................
1.9
2.8
3.5
3.3
2.5
1.4
–1.0
–3.6
1.8
1.2
2.2
1.6
0.2
Previously published .........................................
1.9
2.8
3.6
3.3
2.5
1.5
–0.6
–3.1
1.9
1.3
2.2
1.6
0.4
Gross national product (GNP)...............................
1.8
2.7
3.6
3.1
2.4
2.3
0.0
–3.6
3.3
0.5
3.9
4.8
3.2
Previously published .........................................
1.8
2.6
3.7
3.1
2.4
2.3
0.3
–2.8
3.1
0.8
3.5
4.1
4.4
Disposable personal income .................................
3.3
2.5
3.4
1.4
4.0
2.4
2.4
–2.3
1.8
1.8
0.6
1.6
2.2
Previously published .........................................
3.3
2.5
3.4
1.3
4.0
2.3
1.7
0.6
1.4
1.8
0.6
1.5
2.2
Current-dollar measures:
GDP ..................................................................
3.5
4.7
6.4
6.5
6.0
4.9
1.9
–2.5
4.2
5.2
6.5
4.3
3.6
Previously published .....................................
3.5
4.7
6.5
6.5
6.0
4.9
2.2
–1.7
3.8
5.3
6.5
4.4
3.8
Final sales of domestic product.........................
3.0
4.7
6.0
6.7
5.9
5.1
2.4
–1.6
2.6
5.7
5.6
4.6
4.4
Previously published .....................................
3.0
4.7
6.1
6.7
6.0
5.2
2.7
–1.1
2.4
5.8
5.6
4.6
4.6
Gross domestic purchases................................
3.9
5.2
7.1
7.0
6.0
4.2
1.8
–4.5
5.0
5.3
6.3
3.4
3.2
Previously published .....................................
3.9
5.2
7.2
7.0
6.0
4.3
2.1
–3.8
4.6
5.4
6.3
3.4
3.4
Final sales to domestic purchasers...................
3.4
5.2
6.7
7.2
5.9
4.4
2.2
–3.7
3.3
5.7
5.4
3.6
4.0
Previously published .....................................
3.4
5.2
6.8
7.2
6.0
4.5
2.5
–3.2
3.2
5.8
5.5
3.6
4.1
GNP ..................................................................
3.4
4.9
6.5
6.5
5.7
5.2
2.2
–2.6
4.4
5.2
6.7
6.2
5.2
Previously published .....................................
3.4
4.9
6.7
6.5
5.8
5.3
2.5
–1.9
4.1
5.3
6.7
6.3
5.3
Disposable personal income .............................
4.7
4.6
6.1
4.4
6.9
5.1
5.8
–2.1
3.6
5.8
4.1
3.9
6.5
Previously published .....................................
4.7
4.6
6.1
4.4
6.9
5.1
5.1
0.7
3.1
5.8
4.1
3.9
6.5
See “Explanatory Note” at the end of the tables.

Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Table Ends
Seasonally adjusted at annual rates
2008
I

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

Gross domestic product (GDP)..................
–1.8
1.3
–3.7
–8.9
–6.7
–0.7
1.7
3.8
3.9
3.8
2.5
2.3
0.4
Previously published .................................
–0.7
0.6
–4.0
–6.8
–4.9
–0.7
1.6
5.0
3.7
1.7
2.6
3.1
1.9
Personal consumption expenditures ....................
–1.0
–0.1
–3.8
–5.1
–1.5
–1.9
2.3
0.4
2.7
2.9
2.6
3.6
2.1
Previously published .............................................
–0.8
0.1
–3.5
–3.3
–0.5
–1.6
2.0
0.9
1.9
2.2
2.4
4.0
2.2
Goods....................................................................
–5.6
0.5
–7.7
–12.6
0.1
–2.3
7.6
0.5
6.4
3.8
4.8
8.3
4.7
Previously published .........................................
–5.8
0.3
–7.7
–10.8
1.8
–1.5
7.2
1.7
5.7
3.4
4.1
9.3
3.9
Durable goods...................................................
–9.6
–2.9
–12.3
–25.4
2.4
–4.0
20.3
–4.8
9.9
7.8
8.8
17.2
11.7
Previously published .....................................
–10.8
–2.9
–12.0
–22.3
4.8
–3.1
20.1
–1.1
8.8
6.8
7.6
21.1
9.3
Nondurable goods .............................................
–3.3
2.3
–5.4
–5.8
–1.0
–1.5
2.0
3.1
4.8
1.9
3.0
4.3
1.6
Previously published .....................................
–3.0
2.0
–5.5
–4.9
0.4
–0.7
1.7
3.1
4.2
1.9
2.5
4.1
1.4
Services ................................................................
1.5
–0.5
–1.7
–1.2
–2.3
–1.7
–0.1
0.4
1.0
2.5
1.6
1.3
0.8
Previously published .........................................
1.9
0.0
–1.3
0.6
–1.6
–1.7
–0.5
0.5
0.1
1.6
1.6
1.5
1.3
Gross private domestic investment.......................
–12.2
–6.0
–16.5
–33.9
–46.7
–22.8
2.9
36.8
31.5
26.4
9.2
–7.1
3.8
Previously published .............................................
–9.4
–7.6
–12.5
–36.8
–42.2
–18.5
11.8
26.7
29.1
26.2
15.0
–18.7
12.4
Fixed investment ...................................................
–8.3
–5.2
–12.3
–25.2
–32.2
–17.0
0.7
–3.8
1.2
19.5
2.3
7.5
1.2
Previously published .........................................
–6.2
–4.6
–11.9
–24.9
–35.4
–10.1
0.7
–1.3
3.3
18.9
1.5
6.8
1.3
Nonresidential ...................................................
–0.8
–2.3
–9.9
–22.9
–31.3
–15.8
–3.3
–3.7
6.0
18.6
11.3
8.7
2.1
Previously published .....................................
2.0
–1.6
–8.6
–22.7
–35.2
–7.5
–1.7
–1.4
7.8
17.2
10.0
7.7
2.0
Structures......................................................
0.8
9.4
–3.7
–10.2
–32.1
–33.3
–20.1
–30.8
–24.7
7.5
4.2
10.5
–14.3
Previously published .................................
–0.1
7.5
–3.6
–8.9
–41.0
–20.2
–12.4
–29.2
–17.8
–0.5
–3.5
7.6
–14.8
Equipment and software ...............................
–1.7
–7.9
–13.1
–29.3
–30.8
–4.2
6.4
11.7
21.7
23.2
14.1
8.1
8.7
Previously published .................................
3.0
–6.0
–11.1
–29.5
–31.6
0.2
4.2
14.6
20.4
24.8
15.4
7.7
8.8
Residential ........................................................
–28.5
–14.5
–20.0
–33.2
–35.4
–21.3
17.8
–3.8
–15.3
22.8
–27.7
2.5
–2.4
Previously published .....................................
–27.9
–14.0
–22.6
–32.6
–36.2
–19.7
10.6
–0.8
–12.3
25.7
–27.3
3.3
–2.0
Change in private inventories................................ ................ ................ ................ ................ ................ ................. ................ ................ ................ ................ ................ ................ ................
Net exports of goods and services ....................... ................ ................ ................ ................ ................ ................. ................ ................ ................ ................ ................ ................ ................
Exports..................................................................
5.5
12.7
–3.5
–21.4
–29.0
–0.5
13.9
23.5
7.2
10.0
10.0
7.8
7.9
Previously published .........................................
5.7
13.2
–5.0
–21.9
–27.8
–1.0
12.2
24.4
11.4
9.1
6.8
8.6
7.6
Goods................................................................
9.3
14.1
–2.4
–27.4
–34.9
–2.9
21.3
28.4
12.1
11.8
8.9
9.2
10.6
Previously published .....................................
9.6
14.5
–4.3
–26.6
–34.1
–3.7
18.7
31.7
14.0
11.5
5.8
11.1
10.2
Services ............................................................
–2.7
9.5
–6.2
–5.6
–14.7
4.7
0.1
13.7
–2.7
6.1
12.6
4.7
1.7
Previously published .....................................
–2.8
10.2
–6.6
–9.8
–12.3
4.7
0.1
10.2
5.8
3.9
8.9
3.0
1.8
Imports ..................................................................
1.4
–2.5
–6.6
–14.9
–34.0
–15.0
16.3
17.4
12.5
21.6
12.3
–2.3
8.3
Previously published .........................................
–1.4
2.9
–0.1
–22.9
–35.3
–10.6
21.9
4.9
11.2
33.5
16.8
–12.6
5.1
Goods................................................................
–0.6
–2.2
–9.1
–18.5
–37.1
–17.9
19.6
21.8
14.4
26.0
12.4
–0.5
9.5
Previously published .....................................
–3.3
4.6
–1.0
–28.3
–38.9
–10.6
27.4
6.2
12.0
40.5
17.4
–14.2
5.8
Services ............................................................
13.0
–4.2
8.2
5.6
–19.3
–2.5
4.2
0.4
4.6
3.3
11.6
–10.4
2.2
Previously published .....................................
9.4
–6.0
5.0
11.7
–16.8
–10.9
1.5
–0.5
7.8
4.3
14.2
–4.1
1.8
Government consumption expenditures and
gross investment.................................................
3.1
1.7
4.3
1.6
–1.7
5.9
1.3
–0.9
–1.2
3.7
1.0
–2.8
–5.9
Previously published .............................................
2.3
3.3
5.3
1.5
–3.0
6.1
1.6
–1.4
–1.6
3.9
3.9
–1.7
–5.8
Federal ..................................................................
9.7
4.9
11.7
9.1
–3.3
14.4
5.9
2.2
2.8
8.8
3.2
–3.0
–9.4
Previously published .........................................
6.9
7.8
14.2
8.1
–5.0
14.9
5.7
0.0
1.8
9.1
8.8
–0.3
–8.1
National defense ...............................................
8.2
5.4
17.6
8.3
–7.5
16.3
8.2
–1.3
0.5
6.0
5.7
–5.9
–12.6
Previously published .....................................
6.8
6.9
19.7
5.2
–8.4
16.8
9.0
–2.5
0.4
7.4
8.5
–2.2
–11.8
Nondefense.......................................................
13.0
3.9
–0.1
10.9
6.5
10.4
1.0
9.9
7.8
14.7
–1.8
3.1
–2.7
Previously published .....................................
6.9
9.6
3.0
14.8
2.6
10.9
–0.9
5.6
5.0
12.8
9.5
3.7
0.0
State and local ......................................................
–0.6
–0.1
0.1
–2.8
–0.8
0.9
–1.5
–2.9
–3.9
0.4
–0.5
–2.7
–3.4
Previously published .........................................
–0.3
0.8
0.3
–2.4
–1.7
1.0
–1.0
–2.3
–3.8
0.6
0.7
–2.6
–4.2
Addenda:
Final sales of domestic product.............................
–1.1
1.5
–3.0
–7.4
–4.2
–0.2
1.4
–0.2
0.8
3.0
1.7
4.2
0.0
Previously published .........................................
–0.2
1.1
–3.9
–4.6
–3.9
0.2
0.4
2.1
1.1
0.9
0.9
6.7
0.6
Gross domestic purchases....................................
–2.1
–0.7
–4.2
–8.3
–8.6
–2.8
2.2
3.5
4.8
5.6
3.1
0.9
0.7
Previously published .........................................
–1.6
–0.5
–3.2
–7.7
–7.2
–2.1
3.0
3.0
3.9
5.1
4.2
–0.2
1.7
Final sales to domestic purchasers.......................
–1.4
–0.5
–3.6
–6.9
–6.2
–2.3
1.9
–0.3
1.7
4.9
2.3
2.7
0.4
Previously published .........................................
–1.1
0.0
–3.1
–5.7
–6.3
–1.2
1.8
0.2
1.3
4.3
2.6
3.2
0.4
Gross national product (GNP)...............................
–2.3
1.3
–3.2
–10.8
–6.2
–0.5
2.3
4.0
3.8
4.5
2.8
1.7
1.5
Previously published .........................................
–0.9
0.1
–3.2
–8.6
–4.9
–0.5
2.6
4.9
4.4
1.8
2.3
2.8
3.4
Disposable personal income .................................
5.9
8.2
–8.8
–0.2
–3.8
0.3
–5.4
–0.6
4.9
5.6
2.3
1.5
0.7
Previously published .........................................
1.4
9.2
–8.4
2.7
0.4
5.9
–4.4
0.0
1.3
5.6
1.0
1.1
0.9
Current-dollar measures:
GDP ..................................................................
0.6
4.0
–0.6
–8.4
–5.2
–1.1
1.9
4.9
5.5
5.4
3.9
4.2
3.1
Previously published .....................................
1.0
4.1
0.4
–7.9
–3.9
–0.4
2.3
4.7
4.8
3.7
4.6
3.5
4.0
Final sales of domestic product.........................
1.5
4.0
0.2
–7.4
–2.5
–0.5
1.8
1.0
2.3
4.5
3.1
6.1
2.5
Previously published .....................................
1.8
4.3
0.5
–6.1
–2.7
0.6
1.2
1.8
2.1
2.9
3.0
6.9
2.6
Gross domestic purchases................................
1.9
3.9
–0.3
–12.0
–10.4
–2.4
3.9
5.6
7.0
6.2
4.0
2.9
4.9
Previously published .....................................
2.1
4.2
0.6
–11.7
–9.2
–1.5
4.3
5.1
6.2
5.2
4.8
1.9
5.7
Final sales to domestic purchasers...................
2.7
3.9
0.4
–11.0
–7.9
–1.8
3.7
1.9
3.8
5.3
3.2
4.8
4.3
Previously published .....................................
2.9
4.5
0.8
–10.1
–8.1
–0.5
3.3
2.2
3.5
4.4
3.2
5.2
4.3
GNP ..................................................................
0.0
4.1
–0.1
–10.4
–4.8
–0.9
2.6
5.1
5.4
6.1
4.1
3.5
4.2
Previously published .....................................
0.9
3.5
1.1
–9.8
–4.0
–0.2
3.4
4.6
5.5
3.8
4.4
3.1
5.6
Disposable personal income .............................
10.0
13.1
–4.9
–5.8
–5.4
2.2
–2.6
2.2
6.8
5.9
3.3
3.5
4.7
Previously published .....................................
5.4
14.3
–4.4
–3.3
–1.2
8.0
–1.6
2.7
3.4
5.5
1.7
2.8
4.8
See “Explanatory Note” at the end of the tables.

Table 1B. Revisions to Current-Dollar Gross Domestic Product, National Income, and Disposition of Personal Income
Billions of dollars
Revised estimates

Revisions as a percentage

Revisions to previously published
2008

2009

2010

of previously published

2008

2009

2010

Gross domestic product (GDP)...........................................................................

14,291.5

13,939.0

14,526.5

–77.6

–180.0

–133.9

2008
–0.5

2009
–1.3

2010
–0.9

Personal consumption expenditures ..............................................................................
Goods.........................................................................................................................
Durable goods........................................................................................................
Nondurable goods ..................................................................................................
Services .....................................................................................................................

10,035.5
3,381.7
1,108.9
2,272.8
6,653.8

9,866.1
3,197.5
1,029.6
2,167.8
6,668.7

10,245.5
3,387.0
1,085.5
2,301.5
6,858.5

–69.0
2.2
25.4
–23.2
–71.2

–135.2
–33.2
3.1
–36.4
–101.9

–103.6
–38.7
–3.9
–34.8
–64.9

–0.7
0.1
2.3
–1.0
–1.1

–1.4
–1.0
0.3
–1.7
–1.5

–1.0
–1.1
–0.4
–1.5
–0.9

Gross private domestic investment ................................................................................
Fixed investment ........................................................................................................
Nonresidential ........................................................................................................
Structures...........................................................................................................
Equipment and software ....................................................................................
Residential .............................................................................................................
Change in private inventories.....................................................................................

2,087.6
2,128.7
1,656.3
586.3
1,070.0
472.4
–41.1

1,546.8
1,707.6
1,353.0
449.9
903.0
354.7
–160.8

1,795.1
1,728.2
1,390.1
374.4
1,015.7
338.1
66.9

–9.1
–9.1
–9.0
3.9
–12.9
–0.1
0.0

–42.4
–8.8
–11.4
–1.7
–9.8
2.6
–33.6

–32.4
–0.4
–2.7
–1.8
–27.6
–0.4
–0.5
–1.6
–25.2
–0.5
–0.8
–1.8
–9.1
0.7
–0.4
–2.4
–16.1
–1.2
–1.1
–1.6
–2.4
0.0
0.7
–0.7
–4.8 ................... ................... ...................

Net exports of goods and services.................................................................................
Exports.......................................................................................................................
Goods.....................................................................................................................
Services .................................................................................................................
Imports .......................................................................................................................
Goods.....................................................................................................................
Services .................................................................................................................

–709.7
1,846.8
1,297.5
549.3
2,556.5
2,146.3
410.1

–391.5
1,583.0
1,064.7
518.4
1,974.6
1,587.3
387.3

–516.9
1,839.8
1,277.8
562.0
2,356.7
1,947.3
409.4

0.7
3.4
2.4
1.0
2.7
–2.5
5.1

–5.1
4.6
1.6
3.1
9.9
–0.5
10.4

–0.5 ................... ................... ...................
2.3
0.2
0.3
0.1
0.4
0.2
0.2
0.0
1.9
0.2
0.6
0.3
2.8
0.1
0.5
0.1
–2.1
–0.1
0.0
–0.1
4.8
1.3
2.8
1.2

Government consumption expenditures and gross investment......................................
Federal .......................................................................................................................
National defense ....................................................................................................
Nondefense............................................................................................................
State and local ...........................................................................................................

2,878.1
1,080.1
737.8
342.3
1,798.0

2,917.5
1,142.7
774.9
367.8
1,774.8

3,002.8
1,222.8
819.2
403.6
1,780.0

–0.2
0.2
0.5
–0.2
–0.5

2.6
3.1
3.3
–0.2
–0.5

2.6
8.5
1.5
7.0
–6.0

0.0
0.0
0.1
–0.1
0.0

0.1
0.3
0.4
–0.1
0.0

0.1
0.7
0.2
1.8
–0.3

Gross domestic product ..............................................................................................
Plus: Income receipts from the rest of the world ............................................................
Less: Income payments to the rest of the world.............................................................

14,291.5
856.1
686.9

13,939.0
639.8
487.5

14,526.5
702.9
513.5

–77.6
16.9
22.2

–180.0
10.0
3.9

–133.9
–3.3
–4.4

–0.5
2.0
3.3

–1.3
1.6
0.8

–0.9
–0.5
–0.8

Equals: Gross national product..................................................................................
Less: Consumption of fixed capital.................................................................................
Less: Statistical discrepancy ..........................................................................................

14,460.7
1,854.1
–2.4

14,091.2
1,866.2
77.4

14,715.9
1,874.9
0.8

–82.9
4.9
–139.0

–174.1
5.1
–101.7

–132.8
–0.6
–1.2
–0.9
6.0
0.3
0.3
0.3
–157.4 ................... ................... ...................

Equals: National income..............................................................................................
Compensation of employees......................................................................................
Wage and salary accruals......................................................................................
Supplements to wages and salaries ......................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments..
Rental income of persons with capital consumption adjustment................................
Corporate profits with inventory valuation and capital consumption adjustments ......
Net interest and miscellaneous payments..................................................................
Taxes on production and imports less subsidies ........................................................
Business current transfer payments (net)...................................................................
Current surplus of government enterprises................................................................

12,609.1
8,068.3
6,545.9
1,522.5
1,097.9
231.6
1,248.4
870.1
985.7
123.0
–16.0

12,147.6
7,806.4
6,275.3
1,531.1
941.2
305.9
1,362.0
656.7
958.2
132.0
–14.9

12,840.1
7,971.4
6,408.2
1,563.1
1,036.4
350.2
1,800.1
564.3
996.7
136.7
–15.7

51.3
7.5
–8.1
15.7
–4.1
9.6
–14.4
57.3
–6.6
1.3
0.7

–77.4
–5.3
–3.8
–1.5
–70.7
31.9
104.0
–127.6
–6.2
–2.0
–1.7

18.5
0.4
–0.6
0.1
–13.1
0.1
–0.1
–0.2
9.3
–0.1
–0.1
0.1
–22.5
1.0
–0.1
–1.4
–18.6
–0.4
–7.0
–1.8
49.3
4.3
11.6
16.4
175.3
–1.1
8.3
10.8
–173.8
7.0
–16.3
–23.5
–2.8
–0.7
–0.6
–0.3
4.6
1.1
–1.5
3.5
–2.4 ................... ................... ...................

Personal income...........................................................................................................

12,460.2

11,930.2

12,373.5

69.1

–244.7

–167.5

0.6

–2.0

–1.3

Compensation of employees, received ......................................................................
Wage and salary disbursements ............................................................................
Supplements to wages and salaries ......................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments..
Farm.......................................................................................................................
Nonfarm .................................................................................................................
Rental income of persons with capital consumption adjustment................................
Personal income receipts on assets...........................................................................
Personal interest income........................................................................................
Personal dividend income ......................................................................................
Personal current transfer receipts ..............................................................................

8,073.3
6,550.9
1,522.5
1,097.9
51.8
1,046.1
231.6
2,165.4
1,382.0
783.4
1,879.2

7,801.4
6,270.3
1,531.1
941.2
39.2
902.0
305.9
1,707.7
1,108.9
598.8
2,138.1

7,971.4
6,408.2
1,563.1
1,036.4
52.2
984.2
350.2
1,721.2
1,003.4
717.7
2,281.2

7.5
–8.1
15.7
–4.1
1.0
–5.1
9.6
56.1
67.3
–11.2
0.0

–5.3
–3.8
–1.5
–70.7
8.7
–79.5
31.9
–212.0
–113.4
–98.6
5.3

–13.1
9.3
–22.5
–18.6
7.3
–25.9
49.3
–186.4
–191.5
5.0
–15.2

0.1
–0.1
1.0
–0.4
2.0
–0.5
4.3
2.7
5.1
–1.4
0.0

–0.1
–0.1
–0.1
–7.0
28.5
–8.1
11.6
–11.0
–9.3
–14.1
0.2

–0.2
0.1
–1.4
–1.8
16.3
–2.6
16.4
–9.8
–16.0
0.7
–0.7
–1.7

Relation of GDP and national Income

Disposition of personal income

Less: Contributions for government social insurance, domestic ................................

987.3

964.1

986.8

0.1

–6.2

–16.7

0.0

–0.6

Less: Personal current taxes ..........................................................................................

1,435.7

1,141.4

1,193.9

–2.5

1.4

27.6

–0.2

0.1

2.4

Equals: Disposable personal income.........................................................................

11,024.5

10,788.8

11,179.7

71.6

–246.1

–195.0

0.7

–2.2

–1.7

Less: Personal outlays ...................................................................................................

10,432.2

10,236.3

10,586.9

–72.8

–143.3

–133.8

–0.7

–1.4

–1.2

Equals: Personal saving ..............................................................................................

592.3

552.6

592.8

144.4

–102.7

–61.1 ................... ................... ...................

Personal saving as a percentage of disposable personal income..............................

5.4

5.1

5.3

1.3

–0.8

–0.4 ................... ................... ...................

Addenda:
Statistical discrepancy as a percentage of GDP ............................................................
Gross domestic income..................................................................................................

0.0
14,294.0

0.6
13,861.5

0.0
14,525.7

–1.0
61.5

–0.7
–78.4

–1.1 ................... ................... ...................
23.5
0.4
–0.6
0.2

Table 2. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

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

II

III

IV

1.8

2.5

3.5

3.1

2.7

1.9

–0.3

–3.5

3.0

0.5

3.6

3.0

1.7

1.85
0.99
0.69
0.19
0.15
0.27
0.07
0.30

1.97
1.12
0.60
0.10
0.12
0.29
0.09
0.52

2.30
1.09
0.65
0.05
0.16
0.35
0.09
0.44

2.35
1.01
0.52
–0.02
0.12
0.33
0.10
0.49

1.98
0.80
0.39
–0.11
0.09
0.33
0.09
0.41

1.60
0.71
0.42
0.05
0.01
0.30
0.05
0.29

–0.39
–0.59
–0.41
–0.38
–0.08
0.09
–0.04
–0.18

–1.32
–0.69
–0.41
–0.17
–0.15
–0.04
–0.06
–0.28

1.44
0.99
0.53
0.05
0.13
0.27
0.07
0.46

1.56
0.63
0.43
0.06
0.09
0.22
0.05
0.20

1.09
0.46
0.48
0.17
–0.06
0.25
0.12
–0.02

1.24
0.72
0.43
–0.09
0.05
0.41
0.07
0.29

0.83
0.25
0.19
–0.07
0.02
0.25
–0.01
0.06

0.01
0.08
0.03
0.18
0.86
0.69
0.09
0.57
–0.07
0.02
0.06
–0.02
0.04

0.07
0.13
0.05
0.27
0.85
0.77
0.16
0.22
0.01
0.08
0.15
0.00
0.14

0.06
0.12
0.03
0.23
1.22
1.23
0.28
0.33
0.06
0.14
0.17
0.14
0.12

0.17
0.15
–0.02
0.19
1.34
1.39
0.57
0.34
0.02
0.05
0.15
0.19
0.07

0.15
0.11
–0.06
0.21
1.18
1.00
0.27
0.19
0.00
0.09
0.14
0.14
0.16

0.08
0.08
–0.02
0.15
0.89
0.81
0.08
0.24
0.02
0.10
0.06
0.18
0.14

–0.05
–0.01
–0.13
0.02
0.21
0.00
0.09
0.25
–0.12
–0.03
–0.04
–0.06
–0.08

–0.07
–0.11
0.01
–0.10
–0.63
–0.66
0.13
0.21
–0.19
–0.11
–0.15
–0.43
–0.12

0.13
0.13
0.00
0.20
0.46
0.43
0.12
0.16
0.02
0.05
0.14
–0.07
0.02

0.03
0.12
–0.05
0.09
0.93
0.99
0.01
0.45
0.04
0.06
–0.05
0.18
0.29

–0.11
0.02
–0.05
0.13
0.63
0.72
0.04
0.14
–0.01
0.09
0.02
0.28
0.16

0.09
0.09
0.00
0.11
0.52
0.25
0.13
0.13
–0.04
0.08
0.03
0.14
–0.22

0.16
–0.01
–0.13
0.04
0.58
0.30
–0.09
0.28
–0.07
–0.02
0.16
0.09
–0.04

0.17
0.39

0.09
0.11

–0.01
0.14

–0.05
0.11

0.18
0.22

0.08
0.18

0.20
0.22

0.03
0.12

0.02
0.15

–0.05
0.31

–0.09
0.01

0.27
0.08

0.28
0.27

0.23
–0.22
–0.70
–0.94
–0.58
–0.36
–0.12
0.04
0.00
–0.15
–0.10
–0.14
–0.01
0.24
0.48
–0.02
0.50
–0.65
–0.20
–0.25
0.05
–0.46
–0.42
–0.04

0.02
0.60
0.54
0.14
–0.10
0.24
0.30
0.06
0.12
0.12
0.00
–0.12
0.06
0.40
0.06
0.03
0.03
–0.45
0.15
0.12
0.03
–0.60
–0.56
–0.04

0.15
1.57
1.15
0.63
0.03
0.60
0.37
0.08
0.17
0.12
–0.04
0.19
0.08
0.52
0.42
0.07
0.35
–0.66
0.90
0.56
0.34
–1.55
–1.29
–0.26

0.16
0.93
1.05
0.69
0.04
0.65
0.27
0.07
0.11
0.09
0.10
0.16
0.12
0.36
–0.13
–0.07
–0.06
–0.27
0.67
0.52
0.15
–0.95
–0.87
–0.07

0.04
0.47
0.40
0.86
0.27
0.59
0.32
0.13
0.07
0.11
0.10
0.12
0.05
–0.46
0.07
–0.03
0.10
–0.06
0.93
0.68
0.25
–0.98
–0.81
–0.18

0.11
–0.56
–0.33
0.73
0.46
0.26
0.30
0.08
0.10
0.11
0.05
–0.08
–0.01
–1.05
–0.23
0.03
–0.26
0.62
1.03
0.75
0.28
–0.40
–0.37
–0.04

0.02
–1.66
–1.15
–0.09
0.24
–0.34
0.08
0.05
0.07
–0.04
–0.05
–0.31
–0.05
–1.05
–0.51
0.01
–0.52
1.21
0.73
0.53
0.20
0.47
0.57
–0.10

0.09
–3.61
–2.77
–2.05
–0.85
–1.20
–0.14
–0.02
–0.01
–0.11
–0.28
–0.53
–0.25
–0.72
–0.84
–0.02
–0.82
1.11
–1.18
–1.04
–0.13
2.29
2.19
0.10

0.13
1.96
0.32
0.42
–0.51
0.93
0.35
0.16
0.05
0.14
0.08
0.36
0.14
–0.11
1.64
0.00
1.64
–0.51
1.31
1.12
0.19
–1.82
–1.74
–0.08

0.36
–0.68
–0.18
0.72
0.35
0.37
0.61
0.15
0.18
0.27
–0.09
–0.01
–0.13
–0.91
–0.49
0.25
–0.74
–0.25
0.71
0.95
–0.24
–0.96
–1.12
0.16

0.10
1.49
0.58
1.20
0.89
0.31
0.07
–0.03
0.01
0.09
0.38
–0.32
0.18
–0.62
0.90
–0.31
1.21
0.42
0.76
0.58
0.17
–0.33
–0.23
–0.10

–0.19
–0.50
–0.22
1.03
0.82
0.20
0.28
0.11
0.06
0.11
0.01
–0.08
–0.01
–1.25
–0.28
0.08
–0.36
1.55
1.72
0.98
0.74
–0.17
–0.05
–0.12

–0.01
–1.58
–0.81
0.62
0.28
0.34
0.57
0.15
0.09
0.34
–0.27
0.04
0.00
–1.43
–0.77
0.06
–0.83
2.22
1.32
0.78
0.54
0.90
0.79
0.11

0.84
0.44
0.28
0.22
0.06
0.15
0.13
0.03
0.40
0.32
0.08

0.42
0.43
0.36
0.31
0.05
0.07
0.06
0.00
–0.01
–0.03
0.02

0.26
0.28
0.26
0.21
0.05
0.02
0.03
0.00
–0.02
0.00
–0.02

0.06
0.09
0.07
0.04
0.03
0.02
0.01
0.01
–0.03
0.04
–0.07

0.26
0.15
0.07
0.03
0.04
0.07
0.05
0.02
0.11
0.07
0.04

0.25
0.09
0.11
0.07
0.04
–0.02
–0.02
0.00
0.17
0.15
0.02

0.50
0.50
0.36
0.25
0.11
0.15
0.12
0.02
0.00
–0.02
0.02

0.34
0.45
0.30
0.25
0.05
0.16
0.14
0.01
–0.11
–0.07
–0.05

0.14
0.37
0.18
0.14
0.04
0.19
0.14
0.05
–0.23
–0.13
–0.10

–0.09
–0.34
–0.35
–0.27
–0.08
0.01
0.02
–0.01
0.25
0.17
0.07

0.64
0.48
0.38
0.20
0.17
0.11
0.08
0.03
0.16
0.14
0.02

0.67
0.64
0.47
0.45
0.01
0.18
0.15
0.02
0.02
0.02
0.00

0.23
0.08
0.01
0.01
0.00
0.07
0.08
–0.01
0.16
0.09
0.07

0.51
1.54
–0.24
0.39
0.03

1.04
1.19
0.31
0.04
0.11

1.46
1.52
0.49
0.14
0.03

1.26
1.51
0.30
0.13
0.10

1.43
1.41
–0.18
–0.04
0.14

1.19
1.33
–0.60
0.00
0.09

–0.21
0.66
–0.78
–0.53
0.11

–1.56
–0.34
–1.59
–0.55
0.01

3.01
0.72
–0.69
0.49
0.10

0.36
0.77
–0.59
0.29
0.00

2.20
1.12
0.33
0.13
0.06

1.68
1.77
–0.49
–0.06
0.25

1.46
1.40
–1.16
–0.45
0.20

Table 2. Contributions to Percent Change in Real Gross Domestic Product—Table Ends
Seasonally adjusted at annual rates
2008
I
Percent change at annual rate:
Gross domestic product.................................................
Percentage points at annual rates:
Personal consumption expenditures ....................................
Goods...................................................................................
Durable goods...................................................................
Motor vehicles and parts...............................................
Furnishings and durable household equipment ............
Recreational goods and vehicles ..................................
Other durable goods .....................................................
Nondurable goods .............................................................
Food and beverages purchased for off-premises
consumption..............................................................
Clothing and footwear ...................................................
Gasoline and other energy goods .................................
Other nondurable goods ...............................................
Services ...............................................................................
Household consumption expenditures (for services) ........
Housing and utilities......................................................
Health care....................................................................
Transportation services .................................................
Recreation services ......................................................
Food services and accommodations.............................
Financial services and insurance..................................
Other services...............................................................
Final consumption expenditures of nonprofit institutions
serving households .......................................................
Gross output of nonprofit institutions.............................
Less: Receipts from sales of goods and services by
nonprofit institutions ..................................................
Gross private domestic investment...................................
Fixed investment .............................................................
Nonresidential ...............................................................
Structures..................................................................
Equipment and software ...........................................
Information processing equipment and software
Computers and peripheral equipment...............
Software............................................................
Other .................................................................
Industrial equipment..............................................
Transportation equipment .....................................
Other equipment ...................................................
Residential ....................................................................
Change in private inventories ........................................
Farm..............................................................................
Nonfarm ........................................................................
Net exports of goods and services ...................................
Exports.............................................................................
Goods............................................................................
Services ........................................................................
Imports .............................................................................
Goods............................................................................
Services ........................................................................
Government consumption expenditures and gross
investment .......................................................................
Federal .............................................................................
National defense ...........................................................
Consumption expenditures .......................................
Gross investment ......................................................
Nondefense...................................................................
Consumption expenditures .......................................
Gross investment ......................................................
State and local.................................................................
Consumption expenditures .......................................
Gross investment ......................................................
Addenda:
Goods................................................................................
Services ............................................................................
Structures..........................................................................
Motor vehicle output ..........................................................
Final sales of computers ...................................................
See “Explanatory Note” at the end of the tables.

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

–1.8

1.3

–3.7

–8.9

–6.7

–0.7

1.7

3.8

3.9

3.8

2.5

2.3

0.4

1.3

–0.70
–1.37
–0.84
–0.48
–0.17
–0.09
–0.09
–0.53

–0.08
0.12
–0.23
–0.58
0.07
0.30
–0.02
0.35

–2.67
–1.89
–1.01
–0.53
–0.25
–0.15
–0.08
–0.89

–3.53
–3.04
–2.12
–0.98
–0.35
–0.51
–0.29
–0.92

–1.02
0.05
0.19
0.35
–0.21
0.07
–0.01
–0.15

–1.28
–0.52
–0.29
–0.10
–0.12
–0.11
0.04
–0.23

1.66
1.70
1.39
0.92
0.08
0.34
0.04
0.31

0.33
0.12
–0.36
–0.79
0.13
0.33
–0.03
0.48

1.92
1.45
0.70
–0.02
0.22
0.32
0.18
0.75

2.05
0.87
0.56
0.16
0.17
0.21
0.02
0.30

1.85
1.09
0.63
0.19
0.06
0.27
0.11
0.47

2.48
1.87
1.20
0.76
0.14
0.24
0.05
0.67

1.47
1.10
0.85
0.37
0.06
0.32
0.10
0.25

0.07
–0.33
–0.35
–0.65
0.05
0.19
0.07
0.02

–0.14
–0.08
–0.20
–0.11
0.67
0.42
0.32
0.36
–0.12
0.00
–0.21
0.00
0.08

0.05
0.25
–0.15
0.21
–0.20
–0.32
–0.01
0.31
–0.16
–0.05
0.08
–0.24
–0.24

–0.25
–0.23
–0.41
0.00
–0.78
–0.92
–0.18
0.19
–0.20
–0.19
–0.17
–0.17
–0.18

–0.51
–0.32
0.27
–0.36
–0.49
–0.80
0.48
0.02
–0.33
–0.18
–0.23
–0.59
0.02

–0.10
–0.07
0.14
–0.12
–1.07
–0.94
0.13
0.21
–0.25
–0.07
–0.24
–0.59
–0.13

0.26
–0.17
–0.10
–0.22
–0.76
–0.59
0.05
0.41
–0.11
–0.09
–0.17
–0.41
–0.27

0.20
0.09
–0.06
0.08
–0.04
–0.10
0.17
0.25
–0.08
–0.09
–0.03
–0.28
–0.03

0.20
0.10
–0.01
0.19
0.21
0.06
0.16
0.12
–0.01
0.05
0.01
–0.30
0.03

0.15
0.26
0.09
0.24
0.47
0.42
0.07
–0.28
0.06
0.07
0.35
0.20
–0.04

–0.14
0.15
0.01
0.29
1.18
1.11
0.07
0.45
0.08
0.11
0.18
0.12
0.10

0.18
0.01
0.02
0.26
0.75
0.89
0.30
0.28
0.05
0.20
0.13
–0.16
0.09

0.25
0.27
–0.15
0.30
0.61
0.76
–0.10
0.49
0.00
–0.03
0.16
0.05
0.19

0.04
0.07
–0.17
0.30
0.36
0.35
–0.19
0.06
–0.01
–0.05
0.30
0.23
0.02

0.04
0.03
–0.20
0.14
0.40
0.40
0.05
0.16
0.01
0.07
0.00
0.07
0.03

0.25
0.31

0.12
0.22

0.14
0.22

0.31
0.22

–0.13
0.02

–0.17
0.06

0.06
0.14

0.14
0.17

0.05
–0.09

0.07
0.44

–0.14
0.14

–0.15
0.27

0.01
–0.13

0.00
0.04

0.05
–2.02
–1.36
–0.10
0.03
–0.13
0.09
0.13
0.19
–0.24
0.01
–0.06
–0.17
–1.26
–0.66
–0.17
–0.49
0.38
0.65
0.75
–0.10
–0.28
0.05
–0.33

0.10
–0.94
–0.80
–0.25
0.37
–0.63
0.01
0.05
0.01
–0.06
–0.04
–0.63
0.03
–0.55
–0.14
0.32
–0.46
2.00
1.56
1.21
0.35
0.44
0.31
0.13

0.08
–2.63
–1.91
–1.18
–0.14
–1.04
–0.30
–0.14
0.02
–0.18
–0.08
–0.68
0.03
–0.73
–0.73
0.06
–0.79
0.79
–0.47
–0.22
–0.24
1.25
1.47
–0.21

–0.09
–5.59
–4.05
–2.84
–0.41
–2.43
–0.80
–0.22
–0.09
–0.49
–0.23
–0.99
–0.41
–1.21
–1.54
–0.08
–1.46
–0.12
–2.97
–2.75
–0.21
2.84
2.98
–0.14

0.15
–7.76
–5.09
–3.90
–1.47
–2.43
–0.28
–0.04
–0.11
–0.13
–0.73
–0.97
–0.44
–1.19
–2.66
–0.06
–2.60
2.44
–3.82
–3.25
–0.57
6.26
5.63
0.63

0.23
–2.84
–2.26
–1.66
–1.41
–0.25
0.15
0.06
0.09
0.00
–0.20
0.15
–0.35
–0.60
–0.58
–0.03
–0.55
2.21
–0.02
–0.20
0.18
2.24
2.15
0.09

0.08
0.35
0.13
–0.29
–0.71
0.42
0.48
0.13
0.06
0.30
–0.07
0.04
–0.04
0.42
0.21
–0.12
0.33
–0.59
1.49
1.48
0.01
–2.08
–1.98
–0.10

0.02
3.51
–0.42
–0.33
–1.07
0.74
0.54
0.34
0.12
0.08
0.00
0.21
0.00
–0.10
3.93
0.13
3.80
0.15
2.51
2.01
0.49
–2.36
–2.36
0.00

–0.14
3.25
0.15
0.56
–0.76
1.32
0.18
0.07
–0.06
0.17
0.02
0.75
0.36
–0.41
3.10
0.17
2.92
–0.97
0.86
0.96
–0.10
–1.83
–1.71
–0.12

0.37
2.92
2.12
1.62
0.18
1.45
0.38
0.23
0.03
0.12
0.39
0.47
0.21
0.50
0.79
–0.11
0.90
–1.94
1.19
0.97
0.23
–3.13
–3.05
–0.08

0.28
1.14
0.28
1.04
0.10
0.94
0.31
0.06
0.12
0.13
0.09
0.34
0.20
–0.76
0.86
–0.20
1.06
–0.68
1.21
0.75
0.46
–1.89
–1.58
–0.31

0.43
–0.91
0.88
0.82
0.26
0.56
0.39
0.14
0.14
0.11
0.11
0.00
0.05
0.06
–1.79
0.01
–1.80
1.37
0.98
0.79
0.18
0.39
0.08
0.31

–0.15
0.47
0.15
0.20
–0.40
0.60
0.01
–0.05
0.04
0.02
0.14
0.30
0.15
–0.06
0.32
–0.09
0.41
–0.34
1.01
0.94
0.07
–1.35
–1.29
–0.06

0.04
0.87
0.69
0.61
0.20
0.41
0.41
0.32
0.16
–0.07
–0.12
0.16
–0.05
0.08
0.18
–0.01
0.19
0.58
0.81
0.65
0.16
–0.23
–0.22
–0.01

0.58
0.66
0.38
0.32
0.06
0.28
0.25
0.03
–0.08
–0.09
0.01

0.34
0.35
0.27
–0.05
0.32
0.09
0.06
0.03
–0.01
–0.13
0.12

0.85
0.84
0.85
0.69
0.15
–0.01
–0.03
0.02
0.01
0.02
–0.01

0.35
0.69
0.44
0.37
0.07
0.25
0.23
0.02
–0.34
–0.10
–0.24

–0.33
–0.25
–0.40
–0.23
–0.17
0.15
0.17
–0.02
–0.08
–0.04
–0.05

1.21
1.09
0.84
0.64
0.20
0.25
0.26
0.00
0.12
–0.03
0.15

0.28
0.48
0.45
0.38
0.07
0.03
–0.03
0.05
–0.19
–0.15
–0.04

–0.18
0.18
–0.07
0.04
–0.11
0.25
0.20
0.05
–0.37
–0.09
–0.27

–0.26
0.23
0.03
–0.01
0.04
0.21
0.17
0.04
–0.49
–0.18
–0.32

0.77
0.71
0.33
0.23
0.10
0.38
0.29
0.09
0.05
–0.14
0.20

0.20
0.26
0.31
0.26
0.05
–0.05
–0.06
0.01
–0.06
–0.13
0.07

–0.58
–0.26
–0.34
–0.40
0.06
0.09
0.06
0.02
–0.33
–0.11
–0.22

–1.23
–0.82
–0.74
–0.36
–0.38
–0.08
–0.06
–0.02
–0.41
0.00
–0.41

–0.23
0.18
0.39
0.43
–0.04
–0.21
–0.19
–0.02
–0.41
–0.13
–0.28

–1.23
0.72
–1.25
–0.40
0.04

1.14
0.15
0.02
–0.74
0.15

–2.32
–0.55
–0.79
–0.70
–0.01

–6.83
–0.35
–1.72
–1.73
0.02

–2.82
–1.11
–2.73
–1.32
0.09

0.82
0.37
–1.88
0.26
–0.08

1.91
0.07
–0.29
1.48
–0.06

4.44
0.84
–1.48
0.20
0.02

5.19
0.23
–1.48
0.73
0.16

1.12
1.69
0.97
0.34
0.06

2.12
0.98
–0.59
0.33
0.29

1.63
0.65
0.07
–0.43
0.29

1.36
–0.05
–0.95
1.08
0.08

0.70
0.66
–0.08
–0.12
0.15

Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

Percent change at annual rate:
Gross domestic product.................................................
Previously published .....................................................
Percentage points at annual rates:
Personal consumption expenditures ....................................
Previously published .............................................................
Goods...................................................................................
Previously published .........................................................
Durable goods...................................................................
Previously published .....................................................
Motor vehicles and parts...............................................
Previously published .................................................
Furnishings and durable household equipment ............
Previously published .................................................
Recreational goods and vehicles ..................................
Previously published .................................................
Other durable goods .....................................................
Previously published .................................................
Nondurable goods .............................................................
Previously published .....................................................
Food and beverages purchased for off-premises
consumption..............................................................
Previously published .................................................
Clothing and footwear ...................................................
Previously published .................................................
Gasoline and other energy goods .................................
Previously published .................................................
Other nondurable goods ...............................................
Previously published .................................................
Services ...............................................................................
Previously published .........................................................
Household consumption expenditures (for services) ........
Previously published .....................................................
Housing and utilities......................................................
Previously published .................................................
Health care....................................................................
Previously published .................................................
Transportation services .................................................
Previously published .................................................
Recreation services ......................................................
Previously published .................................................
Food services and accommodations.............................
Previously published .................................................
Financial services and insurance..................................
Previously published .................................................
Other services...............................................................
Previously published .................................................
Final consumption expenditures of nonprofit institutions
serving households .......................................................
Previously published .....................................................
Gross output of nonprofit institutions.............................
Previously published .................................................
Less: Receipts from sales of goods and services by
nonprofit institutions ..................................................
Previously published .................................................
Gross private domestic investment...................................
Previously published .........................................................
Fixed investment .............................................................
Previously published .....................................................
Nonresidential ...............................................................
Previously published .................................................
Structures..................................................................
Previously published .............................................
Equipment and software ...........................................
Previously published .............................................
Information processing equipment and software
Previously published .........................................
Computers and peripheral equipment...............
Previously published .....................................
Software............................................................
Previously published .....................................
Other .................................................................
Previously published .....................................
Industrial equipment..............................................
Previously published .........................................
See “Explanatory Note” at the end of the tables.

II

III

IV

1.8
1.8

2.5
2.5

3.5
3.6

3.1
3.1

2.7
2.7

1.9
1.9

–0.3
0.0

–3.5
–2.6

3.0
2.9

0.5
0.9

3.6
3.2

3.0
2.3

1.7
2.9

1.85
1.85
0.99
0.99
0.69
0.69
0.19
0.19
0.15
0.15
0.27
0.27
0.07
0.07
0.30
0.30

1.97
1.97
1.12
1.11
0.60
0.55
0.10
0.10
0.12
0.13
0.29
0.26
0.09
0.05
0.52
0.56

2.30
2.42
1.09
1.08
0.65
0.59
0.05
0.05
0.16
0.17
0.35
0.31
0.09
0.06
0.44
0.49

2.35
2.34
1.01
0.97
0.52
0.45
–0.02
–0.01
0.12
0.12
0.33
0.29
0.10
0.06
0.49
0.52

1.98
2.01
0.80
0.78
0.39
0.35
–0.11
–0.10
0.09
0.11
0.33
0.30
0.09
0.04
0.41
0.44

1.60
1.65
0.71
0.66
0.42
0.35
0.05
0.05
0.01
0.03
0.30
0.26
0.05
0.01
0.29
0.31

–0.39
–0.18
–0.59
–0.60
–0.41
–0.42
–0.38
–0.39
–0.08
–0.07
0.09
0.08
–0.04
–0.04
–0.18
–0.18

–1.32
–0.84
–0.69
–0.46
–0.41
–0.27
–0.17
–0.17
–0.15
–0.12
–0.04
0.03
–0.06
–0.02
–0.28
–0.18

1.44
1.26
0.99
0.99
0.53
0.55
0.05
0.08
0.13
0.15
0.27
0.26
0.07
0.06
0.46
0.44

1.56
1.64
0.63
0.56
0.43
0.38
0.06
0.06
0.09
0.10
0.22
0.21
0.05
0.01
0.20
0.17

1.09
1.08
0.46
0.34
0.48
0.38
0.17
0.17
–0.06
–0.07
0.25
0.20
0.12
0.07
–0.02
–0.03

1.24
1.20
0.72
0.57
0.43
0.31
–0.09
–0.08
0.05
0.04
0.41
0.32
0.07
0.03
0.29
0.27

0.83
0.98
0.25
0.27
0.19
0.20
–0.07
–0.07
0.02
0.02
0.25
0.23
–0.01
0.01
0.06
0.07

0.01
0.01
0.08
0.08
0.03
0.03
0.18
0.18
0.86
0.86
0.69
0.69
0.09
0.09
0.57
0.57
–0.07
–0.07
0.02
0.02
0.06
0.06
–0.02
–0.02
0.04
0.04

0.07
0.12
0.13
0.14
0.05
0.05
0.27
0.25
0.85
0.86
0.77
0.77
0.16
0.16
0.22
0.23
0.01
0.01
0.08
0.08
0.15
0.14
0.00
0.00
0.14
0.16

0.06
0.14
0.12
0.12
0.03
0.03
0.23
0.20
1.22
1.34
1.23
1.35
0.28
0.27
0.33
0.33
0.06
0.06
0.14
0.13
0.17
0.13
0.14
0.28
0.12
0.15

0.17
0.21
0.15
0.15
–0.02
–0.01
0.19
0.17
1.34
1.37
1.39
1.40
0.57
0.57
0.34
0.39
0.02
0.02
0.05
0.05
0.15
0.14
0.19
0.17
0.07
0.07

0.15
0.17
0.11
0.12
–0.06
–0.05
0.21
0.20
1.18
1.22
1.00
1.06
0.27
0.27
0.19
0.19
0.00
–0.01
0.09
0.08
0.14
0.13
0.14
0.18
0.16
0.21

0.08
0.09
0.08
0.09
–0.02
–0.02
0.15
0.16
0.89
0.99
0.81
0.92
0.08
0.08
0.24
0.24
0.02
0.02
0.10
0.11
0.06
0.07
0.18
0.24
0.14
0.16

–0.05
–0.04
–0.01
–0.01
–0.13
–0.13
0.02
0.01
0.21
0.41
0.00
0.25
0.09
0.09
0.25
0.29
–0.12
–0.12
–0.03
–0.01
–0.04
–0.03
–0.06
0.03
–0.08
–0.02

–0.07
–0.05
–0.11
–0.10
0.01
0.03
–0.10
–0.06
–0.63
–0.38
–0.66
–0.30
0.13
0.14
0.21
0.23
–0.19
–0.18
–0.11
–0.06
–0.15
–0.16
–0.43
–0.21
–0.12
–0.07

0.13
0.15
0.13
0.13
0.00
–0.01
0.20
0.17
0.46
0.27
0.43
0.23
0.12
0.14
0.16
0.17
0.02
0.03
0.05
–0.02
0.14
0.10
–0.07
–0.13
0.02
–0.06

0.03
–0.01
0.12
0.12
–0.05
–0.05
0.09
0.11
0.93
1.08
0.99
1.16
0.01
0.10
0.45
0.47
0.04
0.05
0.06
0.05
–0.05
–0.01
0.18
0.21
0.29
0.28

–0.11
–0.11
0.02
0.04
–0.05
–0.07
0.13
0.11
0.63
0.74
0.72
0.84
0.04
–0.03
0.14
0.16
–0.01
0.00
0.09
0.10
0.02
0.15
0.28
0.30
0.16
0.15

0.09
0.09
0.09
0.08
0.00
–0.01
0.11
0.11
0.52
0.62
0.25
0.36
0.13
0.12
0.13
0.14
–0.04
–0.04
0.08
0.11
0.03
0.12
0.14
0.13
–0.22
–0.22

0.16
0.19
–0.01
–0.02
–0.13
–0.12
0.04
0.02
0.58
0.71
0.30
0.42
–0.09
–0.07
0.28
0.29
–0.07
–0.06
–0.02
0.00
0.16
0.16
0.09
0.14
–0.04
–0.04

0.17
0.17
0.39
0.39

0.09
0.09
0.11
0.11

–0.01
–0.01
0.14
0.14

–0.05
–0.03
0.11
0.11

0.18
0.17
0.22
0.21

0.08
0.08
0.18
0.17

0.20
0.16
0.22
0.18

0.03
–0.08
0.12
0.04

0.02
0.04
0.15
0.07

–0.05
–0.08
0.31
0.29

–0.09
–0.10
0.01
0.00

0.27
0.27
0.08
0.07

0.28
0.29
0.27
0.27

0.23
0.23
–0.22
–0.22
–0.70
–0.70
–0.94
–0.94
–0.58
–0.58
–0.36
–0.36
–0.12
–0.12
0.04
0.04
0.00
0.00
–0.15
–0.15
–0.10
–0.10

0.02
0.02
0.60
0.55
0.54
0.49
0.14
0.10
–0.10
–0.10
0.24
0.20
0.30
0.26
0.06
0.06
0.12
0.12
0.12
0.08
0.00
0.00

0.15
0.15
1.57
1.55
1.15
1.13
0.63
0.61
0.03
0.03
0.60
0.58
0.37
0.35
0.08
0.08
0.17
0.17
0.12
0.11
–0.04
–0.04

0.16
0.15
0.93
0.92
1.05
1.05
0.69
0.69
0.04
0.04
0.65
0.65
0.27
0.27
0.07
0.07
0.11
0.11
0.09
0.09
0.10
0.10

0.04
0.04
0.47
0.46
0.40
0.39
0.86
0.84
0.27
0.27
0.59
0.58
0.32
0.31
0.13
0.13
0.07
0.07
0.11
0.10
0.10
0.10

0.11
0.09
–0.56
–0.53
–0.33
–0.30
0.73
0.75
0.46
0.46
0.26
0.29
0.30
0.33
0.08
0.08
0.10
0.10
0.11
0.14
0.05
0.05

0.02
0.02
–1.66
–1.53
–1.15
–1.02
–0.09
0.03
0.24
0.22
–0.34
–0.19
0.08
0.23
0.05
0.08
0.07
0.10
–0.04
0.05
–0.05
–0.06

0.09
0.12
–3.61
–3.24
–2.77
–2.69
–2.05
–1.96
–0.85
–0.81
–1.20
–1.15
–0.14
0.01
–0.02
–0.01
–0.01
0.03
–0.11
–0.02
–0.28
–0.31

0.13
0.03
1.96
1.87
0.32
0.48
0.42
0.55
–0.51
–0.42
0.93
0.97
0.35
0.50
0.16
0.15
0.05
0.18
0.14
0.17
0.08
0.06

0.36
0.37
–0.68
–0.65
–0.18
–0.15
0.72
0.75
0.35
0.35
0.37
0.40
0.61
0.64
0.15
0.15
0.18
0.18
0.27
0.30
–0.09
–0.09

0.10
0.10
1.49
1.51
0.58
0.62
1.20
1.23
0.89
0.88
0.31
0.35
0.07
0.11
–0.03
–0.03
0.01
0.01
0.09
0.13
0.38
0.38

–0.19
–0.20
–0.50
–0.46
–0.22
–0.18
1.03
1.06
0.82
0.82
0.20
0.24
0.28
0.32
0.11
0.11
0.06
0.06
0.11
0.15
0.01
0.01

–0.01
–0.02
–1.58
–1.53
–0.81
–0.76
0.62
0.67
0.28
0.28
0.34
0.39
0.57
0.61
0.15
0.15
0.09
0.09
0.34
0.38
–0.27
–0.27

Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
2002

Transportation equipment .....................................
Previously published .........................................
Other equipment ...................................................
Previously published .........................................
Residential ....................................................................
Previously published .................................................
Change in private inventories ........................................
Previously published .....................................................
Farm..............................................................................
Previously published .................................................
Nonfarm ........................................................................
Previously published .................................................
Net exports of goods and services ...................................
Previously published .........................................................
Exports.............................................................................
Previously published .....................................................
Goods............................................................................
Previously published .................................................
Services ........................................................................
Previously published .................................................
Imports .............................................................................
Previously published .....................................................
Goods............................................................................
Previously published .................................................
Services ........................................................................
Previously published .................................................
Government consumption expenditures and gross
investment .......................................................................
Previously published .........................................................
Federal .............................................................................
Previously published .....................................................
National defense ...........................................................
Previously published .................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
Nondefense...................................................................
Previously published .................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
State and local.................................................................
Previously published .....................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
Addenda:
Goods................................................................................
Previously published .....................................................
Services ............................................................................
Previously published .....................................................
Structures..........................................................................
Previously published .....................................................
Motor vehicle output ..........................................................
Previously published .....................................................
Final sales of computers ...................................................
Previously published .....................................................
See “Explanatory Note” at the end of the tables.

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

–0.14
–0.14
–0.01
–0.01
0.24
0.24
0.48
0.48
–0.02
–0.02
0.50
0.50
–0.65
–0.65
–0.20
–0.20
–0.25
–0.25
0.05
0.05
–0.46
–0.46
–0.42
–0.42
–0.04
–0.04

–0.12
–0.12
0.06
0.06
0.40
0.40
0.06
0.06
0.03
0.03
0.03
0.03
–0.45
–0.45
0.15
0.15
0.12
0.12
0.03
0.03
–0.60
–0.60
–0.56
–0.55
–0.04
–0.04

0.19
0.19
0.08
0.08
0.52
0.52
0.42
0.42
0.07
0.07
0.35
0.35
–0.66
–0.66
0.90
0.89
0.56
0.55
0.34
0.34
–1.55
–1.55
–1.29
–1.29
–0.26
–0.26

0.16
0.16
0.12
0.12
0.36
0.36
–0.13
–0.13
–0.07
–0.07
–0.06
–0.06
–0.27
–0.27
0.67
0.67
0.52
0.52
0.15
0.15
–0.95
–0.94
–0.87
–0.87
–0.07
–0.07

0.12
0.12
0.05
0.05
–0.46
–0.45
0.07
0.07
–0.03
–0.03
0.10
0.10
–0.06
–0.05
0.93
0.93
0.68
0.68
0.25
0.25
–0.98
–0.98
–0.81
–0.80
–0.18
–0.18

–0.08
–0.08
–0.01
–0.01
–1.05
–1.05
–0.23
–0.23
0.03
0.03
–0.26
–0.26
0.62
0.57
1.03
1.02
0.75
0.75
0.28
0.28
–0.40
–0.45
–0.37
–0.42
–0.04
–0.04

–0.31
–0.31
–0.05
–0.05
–1.05
–1.05
–0.51
–0.51
0.01
0.01
–0.52
–0.53
1.21
1.18
0.73
0.72
0.53
0.53
0.20
0.19
0.47
0.46
0.57
0.52
–0.10
–0.07

–0.53
–0.54
–0.25
–0.30
–0.72
–0.74
–0.84
–0.55
–0.02
0.02
–0.82
–0.57
1.11
1.13
–1.18
–1.18
–1.04
–1.04
–0.13
–0.15
2.29
2.32
2.19
2.20
0.10
0.12

0.36
0.31
0.14
0.10
–0.11
–0.07
1.64
1.40
0.00
0.02
1.64
1.37
–0.51
–0.49
1.31
1.34
1.12
1.13
0.19
0.21
–1.82
–1.83
–1.74
–1.74
–0.08
–0.09

–0.01
–0.01
–0.13
–0.13
–0.91
–0.91
–0.49
–0.49
0.25
0.25
–0.74
–0.74
–0.25
–0.02
0.71
0.71
0.95
0.95
–0.24
–0.24
–0.96
–0.73
–1.12
–0.89
0.16
0.16

–0.32
–0.32
0.18
0.18
–0.62
–0.62
0.90
0.90
–0.31
–0.31
1.21
1.21
0.42
0.01
0.76
0.76
0.58
0.58
0.17
0.17
–0.33
–0.75
–0.23
–0.65
–0.10
–0.10

–0.08
–0.08
–0.01
–0.01
–1.25
–1.24
–0.28
–0.28
0.08
0.08
–0.36
–0.36
1.55
0.87
1.72
1.71
0.98
0.98
0.74
0.74
–0.17
–0.84
–0.05
–0.72
–0.12
–0.12

0.04
0.04
0.00
0.00
–1.43
–1.43
–0.77
–0.77
0.06
0.06
–0.83
–0.82
2.22
3.21
1.32
1.32
0.78
0.78
0.54
0.54
0.90
1.89
0.79
1.78
0.11
0.11

0.84
0.84
0.44
0.44
0.28
0.28
0.22
0.22
0.06
0.06
0.15
0.15
0.13
0.13
0.03
0.03
0.40
0.40
0.32
0.32
0.08
0.08

0.42
0.42
0.43
0.43
0.36
0.36
0.31
0.31
0.05
0.05
0.07
0.07
0.06
0.06
0.00
0.00
–0.01
–0.01
–0.03
–0.03
0.02
0.02

0.26
0.26
0.28
0.28
0.26
0.26
0.21
0.21
0.05
0.05
0.02
0.02
0.03
0.03
0.00
0.00
–0.02
–0.02
0.00
0.00
–0.02
–0.02

0.06
0.06
0.09
0.09
0.07
0.07
0.04
0.04
0.03
0.03
0.02
0.02
0.01
0.01
0.01
0.01
–0.03
–0.03
0.04
0.04
–0.07
–0.07

0.26
0.26
0.15
0.15
0.07
0.07
0.03
0.03
0.04
0.04
0.07
0.07
0.05
0.05
0.02
0.02
0.11
0.11
0.07
0.07
0.04
0.04

0.25
0.25
0.09
0.09
0.11
0.10
0.07
0.07
0.04
0.03
–0.02
–0.02
–0.02
–0.02
0.00
0.00
0.17
0.17
0.15
0.15
0.02
0.02

0.50
0.54
0.50
0.51
0.36
0.36
0.25
0.27
0.11
0.09
0.15
0.15
0.12
0.13
0.02
0.02
0.00
0.04
–0.02
0.00
0.02
0.03

0.34
0.32
0.45
0.43
0.30
0.27
0.25
0.23
0.05
0.04
0.16
0.16
0.14
0.14
0.01
0.01
–0.11
–0.11
–0.07
–0.07
–0.05
–0.05

0.14
0.21
0.37
0.39
0.18
0.22
0.14
0.14
0.04
0.08
0.19
0.17
0.14
0.13
0.05
0.05
–0.23
–0.18
–0.13
–0.10
–0.10
–0.08

–0.09
–0.09
–0.34
–0.33
–0.35
–0.34
–0.27
–0.27
–0.08
–0.08
0.01
0.01
0.02
0.02
–0.01
–0.01
0.25
0.25
0.17
0.17
0.07
0.07

0.64
0.64
0.48
0.48
0.38
0.38
0.20
0.20
0.17
0.17
0.11
0.10
0.08
0.08
0.03
0.03
0.16
0.16
0.14
0.14
0.02
0.02

0.67
0.66
0.64
0.64
0.47
0.47
0.45
0.45
0.01
0.01
0.18
0.18
0.15
0.15
0.02
0.02
0.02
0.02
0.02
0.02
0.00
0.00

0.23
0.24
0.08
0.08
0.01
0.01
0.01
0.01
0.00
0.00
0.07
0.07
0.08
0.08
–0.01
–0.01
0.16
0.16
0.09
0.09
0.07
0.07

0.51
0.51
1.54
1.54
–0.24
–0.24
0.39
0.39
0.03
0.03

1.04
0.98
1.19
1.19
0.31
0.31
0.04
0.04
0.11
0.12

1.46
1.44
1.52
1.65
0.49
0.49
0.14
0.14
0.03
0.03

1.26
1.22
1.51
1.54
0.30
0.30
0.13
0.13
0.10
0.11

1.43
1.40
1.41
1.45
–0.18
–0.18
–0.04
–0.04
0.14
0.14

1.19
1.11
1.33
1.43
–0.60
–0.60
0.00
0.00
0.09
0.10

–0.21
–0.13
0.66
0.94
–0.78
–0.81
–0.53
–0.53
0.11
0.14

–1.56
–0.99
–0.34
–0.10
–1.59
–1.54
–0.55
–0.56
0.01
0.03

3.01
2.86
0.72
0.54
–0.69
–0.55
0.49
0.46
0.10
0.10

0.36
0.55
0.77
0.92
–0.59
–0.59
0.29
0.29
0.00
0.02

2.20
1.69
1.12
1.23
0.33
0.32
0.13
0.13
0.06
0.07

1.68
0.89
1.77
1.87
–0.49
–0.49
–0.06
–0.06
0.25
0.26

1.46
2.52
1.40
1.53
–1.16
–1.16
–0.45
–0.45
0.20
0.19

Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
2008
I
Percent change at annual rate:
Gross domestic product.................................................
Previously published .....................................................
Percentage points at annual rates:
Personal consumption expenditures ....................................
Previously published .............................................................
Goods...................................................................................
Previously published .........................................................
Durable goods...................................................................
Previously published .....................................................
Motor vehicles and parts...............................................
Previously published .................................................
Furnishings and durable household equipment ............
Previously published .................................................
Recreational goods and vehicles ..................................
Previously published .................................................
Other durable goods .....................................................
Previously published .................................................
Nondurable goods .............................................................
Previously published .....................................................
Food and beverages purchased for off-premises
consumption..............................................................
Previously published .................................................
Clothing and footwear ...................................................
Previously published .................................................
Gasoline and other energy goods .................................
Previously published .................................................
Other nondurable goods ...............................................
Previously published .................................................
Services ...............................................................................
Previously published .........................................................
Household consumption expenditures (for services) ........
Previously published .....................................................
Housing and utilities......................................................
Previously published .................................................
Health care....................................................................
Previously published .................................................
Transportation services .................................................
Previously published .................................................
Recreation services ......................................................
Previously published .................................................
Food services and accommodations.............................
Previously published .................................................
Financial services and insurance..................................
Previously published .................................................
Other services...............................................................
Previously published .................................................
Final consumption expenditures of nonprofit institutions
serving households .......................................................
Previously published .....................................................
Gross output of nonprofit institutions.............................
Previously published .................................................
Less: Receipts from sales of goods and services by
nonprofit institutions ..................................................
Previously published .................................................
Gross private domestic investment...................................
Previously published .........................................................
Fixed investment .............................................................
Previously published .....................................................
Nonresidential ...............................................................
Previously published .................................................
Structures..................................................................
Previously published .............................................
Equipment and software ...........................................
Previously published .............................................
Information processing equipment and software
Previously published .........................................
Computers and peripheral equipment...............
Previously published .....................................
Software............................................................
Previously published .....................................
Other .................................................................
Previously published .....................................
Industrial equipment..............................................
Previously published .........................................
See “Explanatory Note” at the end of the tables.

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

–1.8
–0.7

1.3
0.6

–3.7
–4.0

–8.9
–6.8

–6.7
–4.9

–0.7
–0.7

1.7
1.6

3.8
5.0

3.9
3.7

3.8
1.7

2.5
2.6

2.3
3.1

0.4
1.9

–0.70
–0.54
–1.37
–1.42
–0.84
–0.92
–0.48
–0.53
–0.17
–0.18
–0.09
–0.13
–0.09
–0.09
–0.53
–0.50

–0.08
0.08
0.12
0.08
–0.23
–0.23
–0.58
–0.57
0.07
0.09
0.30
0.28
–0.02
–0.02
0.35
0.31

–2.67
–2.46
–1.89
–1.86
–1.01
–0.95
–0.53
–0.60
–0.25
–0.20
–0.15
–0.09
–0.08
–0.06
–0.89
–0.91

–3.53
–2.26
–3.04
–2.57
–2.12
–1.79
–0.98
–0.85
–0.35
–0.33
–0.51
–0.39
–0.29
–0.22
–0.92
–0.78

–1.02
–0.34
0.05
0.41
0.19
0.35
0.35
0.26
–0.21
–0.15
0.07
0.19
–0.01
0.06
–0.15
0.06

–1.28
–1.12
–0.52
–0.32
–0.29
–0.21
–0.10
–0.10
–0.12
–0.12
–0.11
–0.05
0.04
0.05
–0.23
–0.11

1.66
1.41
1.70
1.62
1.39
1.35
0.92
0.83
0.08
0.12
0.34
0.36
0.04
0.05
0.31
0.27

0.33
0.69
0.12
0.42
–0.36
–0.07
–0.79
–0.56
0.13
0.16
0.33
0.34
–0.03
–0.01
0.48
0.49

1.92
1.33
1.45
1.29
0.70
0.62
–0.02
–0.06
0.22
0.23
0.32
0.28
0.18
0.18
0.75
0.67

2.05
1.54
0.87
0.79
0.56
0.49
0.16
0.15
0.17
0.15
0.21
0.20
0.02
–0.02
0.30
0.31

1.85
1.67
1.09
0.94
0.63
0.54
0.19
0.12
0.06
0.10
0.27
0.26
0.11
0.07
0.47
0.39

2.48
2.79
1.87
2.10
1.20
1.45
0.76
0.98
0.14
0.16
0.24
0.27
0.05
0.04
0.67
0.65

1.47
1.52
1.10
0.91
0.85
0.68
0.37
0.24
0.06
0.06
0.32
0.28
0.10
0.09
0.25
0.23

–0.14
–0.07
–0.08
–0.05
–0.20
–0.22
–0.11
–0.15
0.67
0.88
0.42
0.74
0.32
0.31
0.36
0.58
–0.12
–0.11
0.00
–0.01
–0.21
–0.23
0.00
0.02
0.08
0.18

0.05
–0.01
0.25
0.23
–0.15
–0.13
0.21
0.22
–0.20
0.00
–0.32
–0.04
–0.01
0.04
0.31
0.29
–0.16
–0.15
–0.05
–0.03
0.08
0.06
–0.24
–0.08
–0.24
–0.16

–0.25
–0.26
–0.23
–0.27
–0.41
–0.41
0.00
0.03
–0.78
–0.59
–0.92
–0.79
–0.18
–0.20
0.19
–0.02
–0.20
–0.18
–0.19
–0.12
–0.17
–0.15
–0.17
0.03
–0.18
–0.14

–0.51
–0.50
–0.32
–0.28
0.27
0.30
–0.36
–0.29
–0.49
0.30
–0.80
0.08
0.48
0.60
0.02
0.23
–0.33
–0.31
–0.18
–0.09
–0.23
–0.30
–0.59
–0.26
0.02
0.22

–0.10
0.01
–0.07
–0.07
0.14
0.14
–0.12
–0.02
–1.07
–0.75
–0.94
–0.29
0.13
0.01
0.21
0.40
–0.25
–0.23
–0.07
0.02
–0.24
–0.19
–0.59
–0.30
–0.13
0.00

0.26
0.20
–0.17
–0.10
–0.10
–0.01
–0.22
–0.20
–0.76
–0.79
–0.59
–0.46
0.05
0.06
0.41
0.38
–0.11
–0.10
–0.09
–0.08
–0.17
–0.16
–0.41
–0.23
–0.27
–0.34

0.20
0.22
0.09
0.01
–0.06
–0.04
0.08
0.08
–0.04
–0.21
–0.10
–0.37
0.17
0.24
0.25
–0.01
–0.08
–0.07
–0.09
–0.12
–0.03
–0.06
–0.28
–0.21
–0.03
–0.14

0.20
0.28
0.10
0.13
–0.01
–0.05
0.19
0.14
0.21
0.27
0.06
0.12
0.16
0.23
0.12
0.21
–0.01
–0.02
0.05
–0.03
0.01
0.02
–0.30
–0.21
0.03
–0.08

0.15
0.20
0.26
0.26
0.09
0.02
0.24
0.18
0.47
0.03
0.42
0.01
0.07
–0.06
–0.28
–0.04
0.06
0.07
0.07
0.00
0.35
0.29
0.20
–0.16
–0.04
–0.08

–0.14
–0.16
0.15
0.14
0.01
0.07
0.29
0.25
1.18
0.75
1.11
0.69
0.07
0.14
0.45
0.35
0.08
0.08
0.11
–0.01
0.18
0.11
0.12
0.07
0.10
–0.05

0.18
0.17
0.01
–0.03
0.02
0.00
0.26
0.25
0.75
0.74
0.89
0.72
0.30
0.44
0.28
0.14
0.05
0.08
0.20
0.11
0.13
0.12
–0.16
–0.27
0.09
0.11

0.25
0.26
0.27
0.27
–0.15
–0.15
0.30
0.28
0.61
0.70
0.76
0.82
–0.10
–0.04
0.49
0.52
0.00
0.01
–0.03
–0.05
0.16
0.12
0.05
0.16
0.19
0.11

0.04
0.08
0.07
0.06
–0.17
–0.16
0.30
0.24
0.36
0.61
0.35
0.73
–0.19
–0.20
0.06
0.41
–0.01
–0.02
–0.05
–0.06
0.30
0.26
0.23
0.33
0.02
0.01

0.25
0.14
0.31
0.30

0.12
0.04
0.22
0.11

0.14
0.20
0.22
0.08

0.31
0.22
0.22
0.32

–0.13
–0.46
0.02
–0.11

–0.17
–0.34
0.06
–0.05

0.06
0.16
0.14
–0.02

0.14
0.15
0.17
0.12

0.05
0.02
–0.09
–0.07

0.07
0.06
0.44
0.25

–0.14
0.02
0.14
0.09

–0.15
–0.12
0.27
0.25

0.01
–0.12
–0.13
–0.03

0.05
0.17
–2.02
–1.47
–1.36
–0.98
–0.10
0.25
0.03
0.00
–0.13
0.25
0.09
0.38
0.13
0.19
0.19
0.26
–0.24
–0.07
0.01
0.04

0.10
0.07
–0.94
–1.17
–0.80
–0.69
–0.25
–0.16
0.37
0.30
–0.63
–0.46
0.01
0.25
0.05
0.11
0.01
0.04
–0.06
0.10
–0.04
–0.04

0.08
–0.11
–2.63
–1.95
–1.91
–1.83
–1.18
–1.00
–0.14
–0.14
–1.04
–0.86
–0.30
–0.19
–0.14
–0.12
0.02
0.04
–0.18
–0.11
–0.08
–0.11

–0.09
0.10
–5.59
–6.32
–4.05
–4.01
–2.84
–2.84
–0.41
–0.36
–2.43
–2.47
–0.80
–0.52
–0.22
–0.19
–0.09
–0.04
–0.49
–0.30
–0.23
–0.30

0.15
0.34
–7.76
–6.80
–5.09
–5.71
–3.90
–4.49
–1.47
–1.99
–2.43
–2.50
–0.28
–0.25
–0.04
–0.07
–0.11
–0.12
–0.13
–0.07
–0.73
–0.78

0.23
0.28
–2.84
–2.30
–2.26
–1.26
–1.66
–0.72
–1.41
–0.76
–0.25
0.04
0.15
0.36
0.06
0.09
0.09
0.16
0.00
0.12
–0.20
–0.17

0.08
–0.18
0.35
1.22
0.13
0.12
–0.29
–0.13
–0.71
–0.41
0.42
0.28
0.48
0.52
0.13
0.12
0.06
0.13
0.30
0.27
–0.07
–0.11

0.02
–0.03
3.51
2.70
–0.42
–0.12
–0.33
–0.10
–1.07
–1.01
0.74
0.91
0.54
0.79
0.34
0.36
0.12
0.25
0.08
0.18
0.00
–0.03

–0.14
–0.09
3.25
3.04
0.15
0.39
0.56
0.71
–0.76
–0.53
1.32
1.24
0.18
0.32
0.07
0.03
–0.06
0.17
0.17
0.12
0.02
0.00

0.37
0.18
2.92
2.88
2.12
2.06
1.62
1.51
0.18
–0.01
1.45
1.52
0.38
0.57
0.23
0.24
0.03
0.15
0.12
0.17
0.39
0.39

0.28
0.07
1.14
1.80
0.28
0.18
1.04
0.93
0.10
–0.09
0.94
1.02
0.31
0.34
0.06
0.01
0.12
0.18
0.13
0.15
0.09
0.07

0.43
0.37
–0.91
–2.61
0.88
0.80
0.82
0.73
0.26
0.19
0.56
0.54
0.39
0.56
0.14
0.16
0.14
0.21
0.11
0.19
0.11
0.11

–0.15
0.09
0.47
1.46
0.15
0.16
0.20
0.20
–0.40
–0.41
0.60
0.61
0.01
0.06
–0.05
–0.04
0.04
0.06
0.02
0.03
0.14
0.15

Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Table Ends
Seasonally adjusted at annual rates
2008

Transportation equipment .....................................
Previously published .........................................
Other equipment ...................................................
Previously published .........................................
Residential ....................................................................
Previously published .................................................
Change in private inventories ........................................
Previously published .....................................................
Farm..............................................................................
Previously published .................................................
Nonfarm ........................................................................
Previously published .................................................
Net exports of goods and services ...................................
Previously published .........................................................
Exports.............................................................................
Previously published .....................................................
Goods............................................................................
Previously published .................................................
Services ........................................................................
Previously published .................................................
Imports .............................................................................
Previously published .....................................................
Goods............................................................................
Previously published .................................................
Services ........................................................................
Previously published .................................................
Government consumption expenditures and gross
investment .......................................................................
Previously published .........................................................
Federal .............................................................................
Previously published .....................................................
National defense ...........................................................
Previously published .................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
Nondefense...................................................................
Previously published .................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
State and local.................................................................
Previously published .....................................................
Consumption expenditures .......................................
Previously published .............................................
Gross investment ......................................................
Previously published .............................................
Addenda:
Goods................................................................................
Previously published .....................................................
Services ............................................................................
Previously published .....................................................
Structures..........................................................................
Previously published .....................................................
Motor vehicle output ..........................................................
Previously published .....................................................
Final sales of computers ...................................................
Previously published .....................................................
See “Explanatory Note” at the end of the tables.

2009

2010

2011

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

–0.06
–0.02
–0.17
–0.14
–1.26
–1.23
–0.66
–0.49
–0.17
–0.19
–0.49
–0.30
0.38
0.84
0.65
0.67
0.75
0.78
–0.10
–0.11
–0.28
0.18
0.05
0.42
–0.33
–0.24

–0.63
–0.67
0.03
0.01
–0.55
–0.53
–0.14
–0.48
0.32
0.37
–0.46
–0.85
2.00
1.04
1.56
1.61
1.21
1.24
0.35
0.37
0.44
–0.57
0.31
–0.75
0.13
0.18

–0.68
–0.59
0.03
0.04
–0.73
–0.84
–0.73
–0.12
0.06
–0.08
–0.79
–0.04
0.79
–0.63
–0.47
–0.66
–0.22
–0.41
–0.24
–0.25
1.25
0.03
1.47
0.15
–0.21
–0.12

–0.99
–1.16
–0.41
–0.50
–1.21
–1.18
–1.54
–2.31
–0.08
0.13
–1.46
–2.44
–0.12
1.50
–2.97
–3.03
–2.75
–2.65
–0.21
–0.38
2.84
4.53
2.98
4.82
–0.14
–0.29

–0.97
–0.92
–0.44
–0.55
–1.19
–1.22
–2.66
–1.09
–0.06
–0.11
–2.60
–0.97
2.44
2.88
–3.82
–3.61
–3.25
–3.14
–0.57
–0.47
6.26
6.48
5.63
5.95
0.63
0.53

0.15
0.22
–0.35
–0.38
–0.60
–0.54
–0.58
–1.03
–0.03
0.12
–0.55
–1.15
2.21
1.47
–0.02
–0.08
–0.20
–0.26
0.18
0.18
2.24
1.55
2.15
1.23
0.09
0.33

0.04
–0.05
–0.04
–0.07
0.42
0.25
0.21
1.10
–0.12
–0.19
0.33
1.29
–0.59
–1.37
1.49
1.30
1.48
1.29
0.01
0.01
–2.08
–2.67
–1.98
–2.64
–0.10
–0.03

0.21
0.20
0.00
–0.05
–0.10
–0.02
3.93
2.83
0.13
0.21
3.80
2.62
0.15
1.90
2.51
2.56
2.01
2.19
0.49
0.37
–2.36
–0.66
–2.36
–0.68
0.00
0.02

0.75
0.62
0.36
0.30
–0.41
–0.32
3.10
2.64
0.17
0.07
2.92
2.57
–0.97
–0.31
0.86
1.30
0.96
1.09
–0.10
0.21
–1.83
–1.61
–1.71
–1.41
–0.12
–0.20

0.47
0.40
0.21
0.17
0.50
0.55
0.79
0.82
–0.11
0.02
0.90
0.80
–1.94
–3.50
1.19
1.08
0.97
0.93
0.23
0.15
–3.13
–4.58
–3.05
–4.46
–0.08
–0.12

0.34
0.40
0.20
0.20
–0.76
–0.75
0.86
1.61
–0.20
–0.09
1.06
1.71
–0.68
–1.70
1.21
0.82
0.75
0.49
0.46
0.33
–1.89
–2.53
–1.58
–2.16
–0.31
–0.37

0.00
–0.20
0.05
0.07
0.06
0.07
–1.79
–3.42
0.01
–0.15
–1.80
–3.27
1.37
3.27
0.98
1.06
0.79
0.94
0.18
0.12
0.39
2.21
0.08
2.10
0.31
0.12

0.30
0.30
0.15
0.11
–0.06
–0.05
0.32
1.31
–0.09
–0.09
0.41
1.40
–0.34
0.14
1.01
0.97
0.94
0.91
0.07
0.07
–1.35
–0.84
–1.29
–0.78
–0.06
–0.05

0.58
0.44
0.66
0.47
0.38
0.32
0.32
0.31
0.06
0.01
0.28
0.15
0.25
0.13
0.03
0.02
–0.08
–0.04
–0.09
–0.06
0.01
0.02

0.34
0.65
0.35
0.55
0.27
0.34
–0.05
0.02
0.32
0.32
0.09
0.21
0.06
0.17
0.03
0.04
–0.01
0.10
–0.13
–0.05
0.12
0.14

0.85
1.04
0.84
1.00
0.85
0.93
0.69
0.81
0.15
0.12
–0.01
0.07
–0.03
0.04
0.02
0.03
0.01
0.04
0.02
0.04
–0.01
0.00

0.35
0.31
0.69
0.61
0.44
0.28
0.37
0.26
0.07
0.02
0.25
0.33
0.23
0.30
0.02
0.03
–0.34
–0.30
–0.10
–0.11
–0.24
–0.19

–0.33
–0.61
–0.25
–0.40
–0.40
–0.45
–0.23
–0.29
–0.17
–0.17
0.15
0.06
0.17
0.09
–0.02
–0.03
–0.08
–0.21
–0.04
–0.07
–0.05
–0.15

1.21
1.24
1.09
1.11
0.84
0.85
0.64
0.67
0.20
0.17
0.25
0.26
0.26
0.25
0.00
0.01
0.12
0.13
–0.03
–0.03
0.15
0.16

0.28
0.33
0.48
0.45
0.45
0.48
0.38
0.37
0.07
0.12
0.03
–0.03
–0.03
–0.07
0.05
0.04
–0.19
–0.12
–0.15
–0.17
–0.04
0.05

–0.18
–0.28
0.18
0.01
–0.07
–0.13
0.04
–0.17
–0.11
0.04
0.25
0.14
0.20
0.12
0.05
0.02
–0.37
–0.29
–0.09
–0.03
–0.27
–0.25

–0.26
–0.32
0.23
0.15
0.03
0.02
–0.01
0.02
0.04
0.01
0.21
0.13
0.17
0.07
0.04
0.06
–0.49
–0.48
–0.18
–0.11
–0.32
–0.36

0.77
0.80
0.71
0.72
0.33
0.40
0.23
0.25
0.10
0.15
0.38
0.32
0.29
0.27
0.09
0.05
0.05
0.08
–0.14
–0.09
0.20
0.17

0.20
0.79
0.26
0.71
0.31
0.46
0.26
0.41
0.05
0.05
–0.05
0.25
–0.06
0.18
0.01
0.06
–0.06
0.09
–0.13
–0.14
0.07
0.23

–0.58
–0.34
–0.26
–0.02
–0.34
–0.12
–0.40
–0.33
0.06
0.21
0.09
0.10
0.06
0.06
0.02
0.04
–0.33
–0.31
–0.11
–0.10
–0.22
–0.21

–1.23
–1.20
–0.82
–0.69
–0.74
–0.69
–0.36
–0.38
–0.38
–0.32
–0.08
0.00
–0.06
0.02
–0.02
–0.02
–0.41
–0.51
0.00
–0.07
–0.41
–0.44

–1.23
–0.36
0.72
0.92
–1.25
–1.28
–0.40
–0.23
0.04
0.11

1.14
–0.09
0.15
0.69
0.02
–0.01
–0.74
–1.09
0.15
0.19

–2.32
–3.01
–0.55
–0.08
–0.79
–0.91
–0.70
–0.53
–0.01
0.04

–6.83
–5.19
–0.35
0.08
–1.72
–1.66
–1.73
–1.72
0.02
0.08

–2.82
–0.62
–1.11
–0.95
–2.73
–3.30
–1.32
–1.18
0.09
0.05

0.82
–0.17
0.37
0.61
–1.88
–1.14
0.26
–0.04
–0.08
–0.06

1.91
1.67
0.07
–0.10
–0.29
0.02
1.48
1.56
–0.06
–0.02

4.44
5.74
0.84
0.57
–1.48
–1.30
0.20
0.25
0.02
0.09

5.19
4.90
0.23
0.02
–1.48
–1.18
0.73
0.74
0.16
0.10

1.12
–0.20
1.69
1.21
0.97
0.71
0.34
–0.06
0.06
0.03

2.12
1.99
0.98
1.15
–0.59
–0.58
0.33
0.49
0.29
0.29

1.63
2.47
0.65
0.56
0.07
0.09
–0.43
–0.27
0.29
0.35

1.36
2.70
–0.05
0.20
–0.95
–0.98
1.08
1.18
0.08
0.10

Table 3A. Gross Domestic Product and Related Measures—Continues
[Billions of dollars]
Seasonally adjusted at annual rates

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

2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

10,642.3
7,439.2
2,610.0
992.1
401.3
225.9
251.5
113.4
1,617.9
569.6
278.8
174.6
594.9
4,829.2
4,624.2
1,334.8
1,082.9
256.7
272.8
438.2
576.2
662.7

11,142.2
7,804.1
2,728.0
1,019.9
401.0
231.8
265.7
121.4
1,708.1
587.5
286.2
209.5
625.0
5,076.1
4,864.8
1,393.9
1,148.2
263.2
290.1
464.2
602.5
702.8

11,853.3
8,270.6
2,892.1
1,072.9
403.9
247.0
290.5
131.5
1,819.3
613.0
298.7
249.4
658.2
5,378.5
5,169.1
1,462.4
1,228.5
273.7
313.3
499.1
651.7
740.4

12,623.0
8,803.5
3,076.7
1,123.4
408.2
261.3
312.8
141.1
1,953.4
644.5
314.0
303.8
691.1
5,726.8
5,515.1
1,582.6
1,308.9
286.0
328.2
533.9
698.4
777.1

13,377.2
9,301.0
3,224.7
1,155.0
394.8
271.5
334.1
154.6
2,069.8
674.2
327.3
335.2
733.0
6,076.3
5,836.3
1,686.2
1,373.7
297.5
351.4
570.2
732.6
824.7

14,028.7
9,772.3
3,363.9
1,188.4
399.9
271.3
349.4
167.8
2,175.5
711.2
335.4
364.8
764.1
6,408.3
6,154.4
1,756.2
1,457.7
307.0
375.4
600.5
790.3
867.4

14,291.5
10,035.5
3,381.7
1,108.9
339.3
257.9
344.0
167.7
2,272.8
746.4
330.9
410.5
785.1
6,653.8
6,369.3
1,831.0
1,532.6
305.9
381.9
618.3
807.0
892.6

13,939.0
9,866.1
3,197.5
1,029.6
316.5
235.3
316.6
161.2
2,167.8
746.0
318.2
299.4
804.1
6,668.7
6,388.4
1,871.6
1,604.2
287.1
371.2
610.3
747.8
896.2

14,526.5
10,245.5
3,387.0
1,085.5
340.1
243.8
329.8
171.8
2,301.5
766.4
334.3
354.1
846.7
6,858.5
6,578.3
1,893.2
1,667.4
295.5
382.6
638.0
780.2
921.4

13,758.5
9,601.7
3,296.7
1,175.6
396.8
273.2
342.6
162.9
2,121.2
698.7
336.8
330.6
755.1
6,305.0
6,056.2
1,735.9
1,434.3
305.0
367.8
588.4
768.2
856.6

13,976.8
9,720.9
3,349.2
1,187.0
402.9
271.2
345.9
167.0
2,162.2
704.6
334.1
363.4
760.1
6,371.8
6,126.3
1,749.7
1,447.5
306.1
374.1
595.7
783.2
870.0

14,126.2
9,817.7
3,378.7
1,194.5
400.6
270.9
352.5
170.4
2,184.3
714.5
334.6
368.0
767.2
6,439.0
6,182.3
1,763.4
1,462.2
307.8
377.9
604.0
797.9
869.0

14,253.2
9,948.7
3,431.2
1,196.8
399.3
269.8
356.7
171.0
2,234.4
727.1
336.2
397.1
774.0
6,517.6
6,252.8
1,775.6
1,486.9
309.1
381.5
613.9
811.9
873.9

205.0
749.7

211.3
785.9

209.4
827.6

211.7
874.3

240.0
935.2

253.9
989.4

284.6
1,046.5

280.3
1,078.2

280.2
1,118.9

248.7
975.6

245.5
981.6

256.7
991.6

264.7
1,008.7

544.7
1,647.0
1,634.9
1,125.4
282.8
842.7
419.8
79.7
183.0
157.0
141.7
141.6
139.6
509.5
12.0
–2.5
14.5
–427.2
1,003.0
700.3
302.7
1,430.2
1,193.9
236.3
1,983.3
680.6
437.7
380.7
57.0
242.9
209.8
33.1
1,302.7
1,049.4
253.3

574.7
1,729.7
1,713.3
1,135.7
281.9
853.8
430.9
77.6
191.3
162.0
142.6
132.9
147.5
577.6
16.4
0.1
16.3
–504.1
1,041.0
726.8
314.2
1,545.1
1,289.3
255.9
2,112.6
756.5
497.9
435.2
62.8
258.5
225.1
33.5
1,356.1
1,096.5
259.6

618.2
1,968.6
1,903.6
1,223.0
306.7
916.4
455.3
80.2
205.7
169.4
142.0
161.1
157.9
680.6
64.9
8.8
56.1
–618.7
1,180.2
817.0
363.2
1,798.9
1,501.7
297.3
2,232.8
824.6
550.8
481.2
69.6
273.9
240.2
33.7
1,408.2
1,139.1
269.1

662.6
2,172.3
2,122.3
1,347.3
351.8
995.6
475.3
78.9
218.0
178.4
159.6
181.7
178.9
775.0
50.0
0.1
49.8
–722.7
1,305.1
906.1
399.0
2,027.8
1,708.0
319.8
2,369.9
876.3
589.0
514.8
74.2
287.3
251.0
36.3
1,493.6
1,212.0
281.6

695.2
2,327.1
2,267.2
1,505.3
433.7
1,071.7
505.2
84.9
229.8
190.6
178.4
198.2
189.8
761.9
60.0
–3.6
63.6
–769.3
1,471.0
1,024.4
446.6
2,240.3
1,884.9
355.4
2,518.4
931.7
624.9
543.9
81.0
306.8
267.1
39.7
1,586.7
1,282.3
304.4

735.5
2,295.2
2,266.1
1,637.5
524.9
1,112.6
536.6
87.0
245.0
204.6
193.0
190.2
192.8
628.7
29.1
–0.7
29.8
–713.1
1,661.7
1,162.0
499.7
2,374.8
2,000.7
374.0
2,674.2
976.3
662.3
575.4
86.9
314.0
273.5
40.5
1,697.9
1,368.9
329.0

761.9
2,087.6
2,128.7
1,656.3
586.3
1,070.0
536.4
84.9
257.2
194.3
194.5
146.9
192.2
472.4
–41.1
1.6
–42.7
–709.7
1,846.8
1,297.5
549.3
2,556.5
2,146.3
410.1
2,878.1
1,080.1
737.8
633.3
104.5
342.3
298.5
43.8
1,798.0
1,449.2
348.8

797.9
1,546.8
1,707.6
1,353.0
449.9
903.0
504.0
75.6
253.2
175.2
156.2
77.8
165.1
354.7
–160.8
–1.8
–159.0
–391.5
1,583.0
1,064.7
518.4
1,974.6
1,587.3
387.3
2,917.5
1,142.7
774.9
664.1
110.8
367.8
322.5
45.3
1,774.8
1,425.5
349.3

838.6
1,795.1
1,728.2
1,390.1
374.4
1,015.7
543.8
93.8
257.9
192.1
168.6
122.7
180.5
338.1
66.9
–1.6
68.6
–516.9
1,839.8
1,277.8
562.0
2,356.7
1,947.3
409.4
3,002.8
1,222.8
819.2
702.1
117.1
403.6
351.9
51.7
1,780.0
1,443.5
336.5

726.9
2,277.4
2,260.3
1,579.6
479.5
1,100.1
531.4
88.1
242.8
200.6
182.7
199.0
187.0
680.7
17.0
5.2
11.8
–724.9
1,575.5
1,105.4
470.2
2,300.4
1,938.8
361.6
2,604.4
944.0
637.6
555.8
81.8
306.4
267.0
39.4
1,660.3
1,337.8
322.6

736.1
2,329.6
2,282.1
1,624.9
512.3
1,112.6
532.1
84.7
243.3
204.2
197.8
188.8
193.9
657.2
47.5
–5.0
52.5
–729.7
1,619.1
1,138.3
480.8
2,348.9
1,978.0
370.9
2,656.0
968.7
657.0
569.0
88.0
311.7
271.4
40.3
1,687.3
1,360.6
326.7

734.8
2,313.4
2,274.0
1,660.7
545.5
1,115.1
534.9
86.1
245.3
203.5
199.7
186.2
194.4
613.4
39.4
–2.3
41.6
–703.4
1,690.3
1,179.3
511.0
2,393.7
2,012.7
381.0
2,698.4
992.1
674.7
585.8
88.9
317.4
276.2
41.2
1,706.4
1,376.2
330.2

744.0
2,260.5
2,247.9
1,684.6
562.2
1,122.4
548.0
89.3
248.7
210.0
191.9
186.6
195.8
563.4
12.6
–0.8
13.4
–694.3
1,761.8
1,225.1
536.7
2,456.1
2,073.5
382.6
2,738.2
1,000.6
679.9
590.9
89.0
320.7
279.6
41.1
1,737.6
1,401.0
336.7

10,630.3
11,069.5
11,057.5
10,642.3
313.5
264.4
10,691.4
9,337.3

11,125.8
11,646.3
11,630.0
11,142.2
353.3
284.6
11,210.9
9,788.2

11,788.3
12,471.9
12,407.0
11,853.3
448.6
357.4
11,944.5
10,420.5

12,573.0
13,345.7
13,295.7
12,623.0
573.0
475.9
12,720.1
11,081.6

13,317.3
14,146.5
14,086.6
13,377.2
721.1
648.6
13,449.6
11,716.5

13,999.6
14,741.7
14,712.6
14,028.7
871.0
747.7
14,151.9
12,261.2

14,332.7
15,001.3
15,042.4
14,291.5
856.1
686.9
14,460.7
12,437.5

14,099.8
14,330.5
14,491.3
13,939.0
639.8
487.5
14,091.2
12,072.8

14,459.6
15,043.4
14,976.5
14,526.5
702.9
513.5
14,715.9
12,651.6

13,741.5
14,483.4
14,466.4
13,758.5
797.6
727.4
13,828.8
12,024.6

13,929.3
14,706.6
14,659.1
13,976.8
862.6
783.1
14,056.3
12,219.2

14,086.8
14,829.6
14,790.2
14,126.2
905.6
760.8
14,270.9
12,348.0

14,240.6
14,947.4
14,934.8
14,253.2
918.0
719.4
14,451.8
12,452.9

Table 3A. Gross Domestic Product and Related Measures—Table Ends
[Billions of dollars]
Seasonally adjusted at annual rates
2008
I
Gross domestic product .................................................................
Personal consumption expenditures.....................................................
Goods ...................................................................................................
Durable goods ...................................................................................
Motor vehicles and parts ...............................................................
Furnishings and durable household equipment ............................
Recreational goods and vehicles ..................................................
Other durable goods......................................................................
Nondurable goods .............................................................................
Food and beverages purchased for off-premises consumption.....
Clothing and footwear ...................................................................
Gasoline and other energy goods .................................................
Other nondurable goods................................................................
Services................................................................................................
Household consumption expenditures (for services).........................
Housing and utilities ......................................................................
Health care....................................................................................
Transportation services .................................................................
Recreation services.......................................................................
Food services and accommodations.............................................
Financial services and insurance ..................................................
Other services ...............................................................................
Final consumption expenditures of nonprofit institutions serving
households....................................................................................
Gross output of nonprofit institutions.............................................
Less: Receipts from sales of goods and services by nonprofit
institutions .................................................................................
Gross private domestic investment.......................................................
Fixed investment .................................................................................
Nonresidential ...................................................................................
Structures......................................................................................
Equipment and software................................................................
Information processing equipment and software.......................
Computers and peripheral equipment...................................
Software ................................................................................
Other .....................................................................................
Industrial equipment..................................................................
Transportation equipment..........................................................
Other equipment .......................................................................
Residential.........................................................................................
Change in private inventories ............................................................
Farm ..................................................................................................
Nonfarm.............................................................................................
Net exports of goods and services........................................................
Exports.................................................................................................
Goods................................................................................................
Services ............................................................................................
Imports .................................................................................................
Goods................................................................................................
Services ............................................................................................
Government consumption expenditures and gross investment.........
Federal..................................................................................................
National defense................................................................................
Consumption expenditures............................................................
Gross investment...........................................................................
Nondefense .......................................................................................
Consumption expenditures............................................................
Gross investment...........................................................................
State and local .....................................................................................
Consumption expenditures................................................................
Gross investment...............................................................................
Addenda:
Final sales of domestic product.............................................................
Gross domestic purchases....................................................................
Final sales to domestic purchasers .......................................................
Gross domestic product .....................................................................
Plus: Income receipts from the rest of the world ...................................
Less: Income payments to the rest of the world....................................
Equals: Gross national product .........................................................
Net domestic product ............................................................................
See “Explanatory Note” at the end of the tables.

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

14,273.9 14,415.5 14,395.1 14,081.7 13,893.7 13,854.1 13,920.5 14,087.4 14,277.9 14,467.8 14,605.5 14,755.0 14,867.8 15,003.8
10,018.5 10,126.5 10,135.8 9,861.3 9,781.7 9,781.6 9,911.1 9,990.0 10,103.7 10,184.8 10,276.6 10,417.1 10,571.7 10,656.2
3,422.3 3,466.9 3,456.1 3,181.4 3,130.7 3,143.6 3,245.6 3,270.0 3,338.1 3,340.1 3,386.5 3,483.4 3,592.2 3,624.7
1,163.0 1,146.6 1,106.6 1,019.3 1,020.1 1,009.5 1,050.1 1,038.8 1,058.0 1,071.7 1,087.5 1,124.7 1,154.5 1,146.5
378.9
354.1
332.6
291.5
303.0
303.5
339.2
320.5
323.1
330.6
339.6
367.1
383.0
366.8
264.2
265.1
257.5
244.7
238.0
234.2
233.7
235.5
241.1
244.5
243.4
246.1
248.3
251.1
349.9
355.7
346.7
323.7
320.2
311.2
314.9
319.9
325.8
327.6
331.2
334.5
340.5
342.3
170.0
171.6
169.8
159.4
158.9
160.7
162.2
162.9
168.0
169.1
173.3
176.9
182.7
186.4
2,259.4 2,320.3 2,349.4 2,162.2 2,110.6 2,134.1 2,195.5 2,231.1 2,280.1 2,268.3 2,299.0 2,358.7 2,437.8 2,478.2
732.5
749.2
757.1
746.7
741.3
743.8
746.4
752.6
761.5
759.4
766.4
778.2
792.0
805.6
332.5
339.1
333.3
318.9
318.4
314.1
318.9
321.5
329.7
332.3
333.9
341.3
344.5
348.0
418.3
444.0
466.9
312.6
261.4
275.5
321.5
339.3
359.5
337.0
345.9
374.1
420.2
433.1
776.1
788.0
792.1
784.0
789.4
800.7
808.7
817.7
829.3
839.7
852.8
865.2
881.1
891.5
6,596.2 6,659.6 6,679.7 6,679.9 6,651.0 6,638.0 6,665.5 6,720.1 6,765.6 6,844.7 6,890.1 6,933.7 6,979.4 7,031.5
6,325.0 6,377.8 6,389.2 6,385.1 6,366.9 6,361.3 6,386.7 6,438.7 6,484.0 6,562.3 6,610.9 6,656.0 6,700.0 6,750.7
1,802.0 1,825.2 1,838.6 1,858.4 1,867.2 1,866.7 1,872.1 1,880.3 1,883.6 1,887.1 1,900.8 1,901.1 1,901.7 1,911.8
1,513.0 1,526.5 1,539.0 1,552.0 1,571.8 1,596.2 1,615.4 1,633.5 1,632.9 1,659.1 1,677.1 1,700.4 1,708.1 1,724.0
309.3
309.4
306.9
297.9
290.4
285.3
285.0
287.6
291.2
295.3
297.0
298.5
302.1
305.0
384.8
385.6
382.3
375.0
373.3
369.6
370.0
372.0
374.2
379.9
388.6
387.7
387.9
392.7
612.4
620.0
622.0
618.6
612.8
608.6
608.2
611.6
624.2
634.9
642.8
650.1
663.7
672.2
817.0
819.7
807.7
783.6
753.8
744.3
741.9
751.2
770.5
788.6
779.2
782.7
795.7
798.3
886.5
891.4
892.6
899.7
897.6
890.5
894.1
902.6
907.4
917.4
925.4
935.5
940.7
946.8
271.2
1,025.9

281.8
1,041.3

290.5
1,055.4

294.8
1,063.4

284.1
1,065.0

276.7
1,071.1

278.8
1,082.7

281.4
1,093.8

281.6
1,094.5

282.4
1,113.9

279.2
1,125.3

277.6
1,141.6

279.4
1,143.5

280.8
1,152.5

754.7
2,185.7
2,205.2
1,689.3
570.9
1,118.4
550.3
90.6
256.0
203.6
194.5
183.6
190.1
515.9
–19.5
–6.5
–13.0
–742.3
1,819.3
1,279.1
540.2
2,561.6
2,162.3
399.4
2,812.0
1,042.7
706.0
614.2
91.8
336.7
294.4
42.3
1,769.3
1,428.4
340.9

759.5
2,165.4
2,183.7
1,689.0
589.6
1,099.4
550.2
90.8
258.2
201.2
196.7
161.6
191.0
494.6
–18.3
4.0
–22.3
–746.1
1,922.8
1,363.7
559.1
2,668.9
2,261.9
407.0
2,869.6
1,066.0
724.7
620.9
103.8
341.3
297.8
43.5
1,803.7
1,455.1
348.6

764.9
2,086.3
2,130.5
1,665.9
594.7
1,071.2
538.6
84.1
259.5
195.1
197.5
138.9
196.2
464.6
–44.1
6.2
–50.3
–756.9
1,933.8
1,374.5
559.3
2,690.6
2,270.0
420.7
2,929.8
1,100.6
758.4
648.5
109.9
342.1
297.7
44.4
1,829.2
1,475.6
353.6

768.6
1,913.0
1,995.5
1,580.9
590.0
990.9
506.4
74.2
255.2
177.0
189.2
103.6
191.7
414.6
–82.5
2.7
–85.2
–593.7
1,711.1
1,172.6
538.6
2,304.8
1,891.3
413.5
2,901.1
1,111.2
762.1
649.6
112.6
349.0
303.9
45.1
1,789.9
1,437.8
352.1

780.9
1,620.1
1,799.6
1,430.6
527.4
903.2
491.9
71.3
250.3
170.3
162.6
72.2
176.4
369.0
–179.5
0.2
–179.7
–383.5
1,522.2
1,013.5
508.7
1,905.7
1,521.7
384.0
2,875.5
1,105.3
747.7
641.9
105.7
357.7
313.3
44.4
1,770.1
1,417.1
353.0

794.4
1,493.8
1,694.3
1,351.9
461.4
890.5
492.7
71.6
252.3
168.8
155.2
79.0
163.6
342.4
–200.5
–0.8
–199.8
–338.3
1,520.8
1,011.3
509.5
1,859.1
1,478.2
380.8
2,916.9
1,137.2
771.6
659.5
112.1
365.7
321.7
44.0
1,779.7
1,424.6
355.1

803.9
1,481.2
1,678.3
1,324.3
424.8
899.5
507.3
74.6
252.6
180.0
153.2
78.8
160.3
353.9
–197.1
–5.5
–191.5
–406.7
1,590.3
1,074.8
515.5
1,997.0
1,608.4
388.6
2,935.0
1,157.7
789.0
674.6
114.4
368.6
323.2
45.4
1,777.3
1,427.6
349.7

812.5
1,592.2
1,658.3
1,305.1
386.1
918.9
524.2
84.9
257.6
181.7
153.6
81.2
159.9
353.2
–66.1
–0.9
–65.2
–437.6
1,699.0
1,159.1
539.9
2,136.5
1,740.7
395.8
2,942.7
1,170.6
791.4
680.5
110.9
379.2
331.9
47.4
1,772.1
1,432.7
339.4

813.0
1,702.3
1,658.0
1,318.7
361.2
957.5
528.4
86.6
254.8
187.0
154.5
104.4
170.2
339.3
44.3
5.3
39.0
–495.8
1,749.5
1,208.7
540.8
2,245.3
1,844.0
401.3
2,967.7
1,195.2
803.5
691.0
112.6
391.6
342.9
48.7
1,772.6
1,443.1
329.5

831.5
1,809.7
1,731.6
1,377.1
370.2
1,006.9
539.8
94.1
255.1
190.5
169.1
120.7
177.4
354.5
78.1
1.0
77.1
–531.2
1,813.8
1,259.7
554.2
2,345.0
1,939.7
405.3
3,004.6
1,224.5
818.0
701.6
116.4
406.5
354.4
52.1
1,780.1
1,441.8
338.3

846.1
1,850.5
1,743.8
1,416.5
376.6
1,039.9
548.0
95.3
258.6
194.0
172.9
132.8
186.3
327.3
106.7
–6.2
112.9
–540.3
1,860.6
1,288.9
571.6
2,400.9
1,982.7
418.2
3,018.7
1,237.5
831.3
713.1
118.2
406.2
353.6
52.6
1,781.2
1,438.9
342.3

864.0
1,818.0
1,779.3
1,447.9
389.6
1,058.3
559.3
99.3
263.2
196.8
178.0
133.1
187.9
331.3
38.7
–6.5
45.2
–500.2
1,935.3
1,353.8
581.5
2,435.5
2,022.8
412.7
3,020.2
1,234.3
823.9
702.7
121.2
410.3
356.9
53.5
1,786.0
1,450.1
335.9

864.0
1,853.1
1,791.1
1,460.5
379.5
1,081.0
557.9
95.6
265.1
197.3
185.0
145.4
192.7
330.6
62.0
–9.4
71.4
–571.3
2,024.1
1,431.0
593.2
2,595.4
2,176.2
419.3
3,014.4
1,219.9
809.0
701.0
108.0
410.9
358.1
52.8
1,794.4
1,471.7
322.8

871.7
1,898.4
1,827.6
1,492.7
393.2
1,099.5
571.2
106.2
270.9
194.1
182.3
153.0
192.9
335.0
70.8
–9.3
80.1
–586.7
2,096.5
1,488.8
607.7
2,683.2
2,257.0
426.2
3,035.9
1,237.1
830.6
723.4
107.2
406.5
354.3
52.2
1,798.8
1,482.9
315.9

14,293.4
15,016.2
15,035.7
14,273.9
905.6
726.9
14,452.5
12,456.5

14,433.8
15,161.5
15,179.8
14,415.5
899.3
718.0
14,596.8
12,572.7

14,439.2
15,151.9
15,196.0
14,395.1
875.3
676.3
14,594.0
12,525.4

14,164.2
14,675.4
14,757.9
14,081.7
744.2
626.4
14,199.5
12,195.2

14,073.3
14,277.3
14,456.8
13,893.7
624.6
491.9
14,026.4
12,008.6

14,054.6
14,192.4
14,392.9
13,854.1
621.2
480.8
13,994.4
11,985.7

14,117.6
14,327.2
14,524.3
13,920.5
636.9
473.2
14,084.2
12,066.4

14,153.5
14,525.0
14,591.1
14,087.4
676.5
504.2
14,259.8
12,230.4

14,233.6
14,773.7
14,729.4
14,277.9
674.0
504.6
14,447.4
12,419.3

14,389.8
14,999.0
14,921.0
14,467.8
699.0
502.8
14,664.0
12,601.0

14,498.8
15,145.8
15,039.1
14,605.5
708.9
501.6
14,812.8
12,727.3

14,716.3
15,255.2
15,216.6
14,755.0
729.4
545.0
14,939.4
12,858.9

14,805.8
15,439.1
15,377.1
14,867.8
752.1
525.0
15,094.9
12,953.5

14,933.1
15,590.6
15,519.8
15,003.8
...............
...............
...............
13,064.3

Table 3B. Real Gross Domestic Product and Related Measures—Continues
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

Gross domestic product ................................................................. 11,543.1 11,836.4 12,246.9 12,623.0 12,958.5 13,206.4 13,161.9 12,703.1 13,088.0 13,056.1 13,173.6 13,269.8 13,326.0
Personal consumption expenditures.....................................................
8,018.3
8,244.5
8,515.8
8,803.5
9,054.5
9,262.9
9,211.7
9,037.5
9,220.9
9,209.2
9,244.5
9,285.2
9,312.6
Goods ...................................................................................................
2,702.9
2,827.2
2,953.3
3,076.7
3,178.9
3,273.5
3,192.9
3,098.0
3,230.7
3,247.6
3,263.0
3,287.3
3,295.8
Durable goods ...................................................................................
927.9
989.1
1,060.9
1,123.4
1,174.2
1,232.4
1,171.8
1,108.3
1,188.3
1,210.1
1,227.0
1,242.7
1,249.9
Motor vehicles and parts ...............................................................
394.0
404.8
410.4
408.2
394.4
401.4
346.8
322.5
330.1
399.4
405.1
401.8
399.3
Furnishings and durable household equipment ............................
217.0
229.1
247.2
261.3
272.5
274.4
262.8
240.6
260.1
275.0
272.8
274.4
275.2
Recreational goods and vehicles ..................................................
211.7
238.8
274.7
312.8
356.2
400.9
416.2
409.2
459.6
382.7
392.5
408.8
419.4
Other durable goods......................................................................
109.4
119.1
129.5
141.1
151.9
159.0
153.7
146.0
154.9
154.9
158.9
161.4
160.9
Nondurable goods .............................................................................
1,780.1
1,840.7
1,892.8
1,953.4
2,005.0
2,042.9
2,019.1
1,983.4
2,041.3
2,038.2
2,037.5
2,046.9
2,049.0
Food and beverages purchased for off-premises consumption.....
608.9
616.5
623.9
644.5
663.0
673.2
666.0
657.3
673.1
673.2
669.5
672.4
677.6
Clothing and footwear ...................................................................
268.6
282.6
296.0
314.0
328.7
340.1
338.1
322.4
341.0
338.2
338.8
341.8
341.7
Gasoline and other energy goods .................................................
294.0
301.9
305.9
303.8
296.9
294.4
280.6
281.1
281.3
296.5
294.9
294.9
291.3
Other nondurable goods................................................................
612.2
642.0
668.2
691.1
717.3
737.5
739.7
725.8
750.7
732.0
736.3
740.2
741.4
Services................................................................................................
5,318.5
5,418.2
5,562.7
5,726.8
5,875.6
5,990.2
6,017.0
5,935.5
5,991.8
5,962.0
5,982.0
5,998.8
6,017.8
Household consumption expenditures (for services).........................
5,109.8
5,199.4
5,345.1
5,515.1
5,640.6
5,745.2
5,745.6
5,660.5
5,714.0
5,721.6
5,744.6
5,752.5
5,762.2
Housing and utilities ......................................................................
1,461.9
1,480.2
1,512.8
1,582.6
1,616.8
1,626.6
1,637.8
1,654.9
1,669.2
1,624.3
1,625.5
1,629.7
1,626.7
Health care....................................................................................
1,202.4
1,228.3
1,267.4
1,308.9
1,333.0
1,364.0
1,396.5
1,423.1
1,442.9
1,356.3
1,360.9
1,364.9
1,374.0
Transportation services .................................................................
275.9
276.9
283.8
286.0
285.5
287.9
272.0
248.1
250.2
289.2
289.0
287.8
285.6
Recreation services.......................................................................
296.8
306.1
322.1
328.2
339.9
353.2
348.6
334.8
341.4
349.8
352.7
355.4
354.8
Food services and accommodations.............................................
477.2
495.0
515.1
533.9
551.6
559.1
553.9
534.3
551.0
556.9
557.5
558.4
563.5
Financial services and insurance ..................................................
658.9
659.2
675.5
698.4
716.4
739.8
732.3
676.1
667.8
730.2
739.1
743.6
746.4
Other services ...............................................................................
737.0
753.9
768.4
777.1
797.4
815.0
805.0
789.5
791.7
815.1
820.2
813.0
811.5
Final consumption expenditures of nonprofit institutions serving
households....................................................................................
209.0
218.7
217.6
211.7
235.1
245.2
272.9
277.1
280.0
240.5
237.5
246.7
256.2
Gross output of nonprofit institutions.............................................
831.1
844.1
860.5
874.3
902.5
926.0
954.9
970.7
989.2
922.2
922.6
925.3
934.2
Less: Receipts from sales of goods and services by nonprofit
institutions .................................................................................
622.5
625.2
642.8
662.6
667.5
681.1
683.4
695.0
710.3
681.8
685.1
678.9
678.7
Gross private domestic investment.......................................................
1,800.4
1,870.1
2,058.2
2,172.3
2,231.8
2,159.5
1,939.8
1,454.2
1,714.9
2,145.1
2,193.0
2,176.3
2,123.6
Fixed investment .................................................................................
1,791.5
1,854.7
1,992.5
2,122.3
2,172.7
2,130.6
1,978.6
1,606.3
1,648.4
2,127.1
2,145.6
2,138.2
2,111.5
Nonresidential ...................................................................................
1,173.7
1,189.6
1,263.0
1,347.3
1,455.5
1,550.0
1,537.6
1,263.2
1,319.2
1,498.5
1,537.5
1,571.4
1,592.3
Structures......................................................................................
356.6
343.0
346.7
351.8
384.0
438.2
466.4
367.3
309.1
404.8
430.6
454.6
462.9
Equipment and software................................................................
824.2
850.0
917.3
995.6
1,071.1
1,106.8
1,059.4
889.7
1,019.4
1,092.4
1,102.9
1,109.8
1,121.9
Information processing equipment and software.......................
373.9
403.7
443.1
475.3
516.3
558.2
569.7
548.3
602.6
546.0
548.5
558.5
579.7
Computers and peripheral equipment................................... ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................
Software ................................................................................
173.4
185.6
204.6
218.0
227.1
240.9
250.8
249.1
256.1
238.9
239.2
241.1
244.2
Other .....................................................................................
142.7
155.1
168.1
178.4
192.8
208.4
202.4
186.1
207.3
200.9
204.1
208.0
220.5
Industrial equipment..................................................................
151.9
151.6
147.4
159.6
172.9
179.9
172.9
137.1
146.6
172.6
185.0
185.4
176.5
Transportation equipment..........................................................
154.2
140.4
162.3
181.7
196.5
185.8
142.7
70.7
119.3
195.1
184.1
181.3
182.6
Other equipment .......................................................................
148.2
155.0
164.4
178.9
185.5
184.2
177.8
145.6
162.6
179.9
185.8
185.6
185.6
Residential.........................................................................................
613.8
664.3
729.5
775.0
718.2
584.2
444.4
345.6
330.8
631.3
611.4
570.7
523.4
Change in private inventories ............................................................
12.8
17.3
66.3
50.0
59.4
27.7
–36.3
–144.9
58.8
17.3
44.9
36.1
12.6
Farm ..................................................................................................
–3.1
0.1
7.9
0.1
–3.7
–0.8
1.0
–1.5
–1.4
5.2
–5.0
–2.5
–0.9
Nonfarm.............................................................................................
15.6
17.2
58.3
49.8
63.2
28.7
–37.6
–143.8
60.7
12.0
50.3
38.9
13.7
Net exports of goods and services........................................................
–548.5
–603.7
–687.9
–722.7
–729.4
–648.8
–494.8
–358.8
–421.8
–703.2
–689.4
–638.1
–564.6
Exports.................................................................................................
1,098.3
1,116.0
1,222.5
1,305.1
1,422.1
1,554.4
1,649.3
1,494.0
1,663.2
1,496.5
1,521.3
1,578.0
1,621.9
Goods................................................................................................
762.7
776.4
842.6
906.1
991.5
1,088.1
1,157.0
1,018.6
1,164.9
1,050.7
1,070.1
1,102.7
1,129.0
Services ............................................................................................
335.6
339.6
380.0
399.0
430.6
466.3
492.3
474.9
498.8
445.9
451.3
475.3
492.9
Imports .................................................................................................
1,646.8
1,719.7
1,910.4
2,027.8
2,151.5
2,203.2
2,144.0
1,852.8
2,085.0
2,199.8
2,210.7
2,216.0
2,186.5
Goods................................................................................................
1,372.2
1,439.9
1,599.3
1,708.0
1,809.1
1,856.1
1,784.8
1,506.0
1,729.3
1,856.1
1,863.8
1,865.3
1,839.2
Services ............................................................................................
274.5
279.8
311.0
319.8
342.4
347.1
359.8
347.2
357.4
343.8
346.9
350.6
347.1
Government consumption expenditures and gross investment.........
2,279.6
2,330.5
2,362.0
2,369.9
2,402.1
2,434.2
2,497.4
2,539.6
2,556.8
2,406.7
2,426.8
2,447.9
2,455.3
Federal..................................................................................................
779.5
831.1
865.0
876.3
894.9
906.1
971.1
1,029.5
1,075.9
883.6
898.9
919.7
922.2
National defense................................................................................
505.3
549.2
580.4
589.0
598.4
611.8
657.7
695.6
718.3
595.3
607.3
622.3
622.4
Consumption expenditures............................................................
445.8
484.1
509.4
514.8
519.1
528.0
559.6
591.5
609.0
515.9
522.3
536.8
537.0
Gross investment...........................................................................
59.6
65.3
71.1
74.2
79.4
84.0
98.7
104.8
110.2
79.5
85.3
85.7
85.5
Nondefense .......................................................................................
273.9
281.7
284.6
287.3
296.6
294.2
313.3
333.8
357.7
288.2
291.5
297.3
299.8
Consumption expenditures............................................................
239.7
247.1
250.2
251.0
257.5
254.7
271.0
289.7
307.5
249.7
252.2
257.1
259.8
Gross investment...........................................................................
34.2
34.6
34.4
36.3
39.1
39.5
42.5
44.1
50.4
38.5
39.4
40.2
40.0
State and local .....................................................................................
1,500.6
1,499.7
1,497.1
1,493.6
1,507.2
1,528.1
1,528.1
1,514.2
1,487.0
1,522.9
1,527.8
1,528.4
1,533.3
Consumption expenditures............................................................
1,211.3
1,207.5
1,207.4
1,212.0
1,220.7
1,239.8
1,237.1
1,228.9
1,213.0
1,235.5
1,239.8
1,240.6
1,243.4
Gross investment...........................................................................
289.4
292.2
289.8
281.6
286.4
288.3
291.0
285.3
274.3
287.4
288.0
287.9
290.0
Residual ....................................................................................................
–34.5
–19.7
–6.1
0.0
–4.4
–10.8
–4.5
5.2
–39.3
–9.4
–7.0
–9.8
–16.6
Addenda:
Final sales of domestic product............................................................. 11,533.6 11,820.5 12,181.3 12,573.0 12,899.3 13,177.5 13,200.5 12,852.7 13,028.9 13,038.2 13,126.2 13,231.8 13,314.0
Gross domestic purchases.................................................................... 12,097.5 12,444.7 12,935.5 13,345.7 13,688.1 13,855.3 13,653.1 13,051.6 13,500.4 13,759.4 13,863.2 13,908.3 13,890.1
Final sales to domestic purchasers ....................................................... 12,088.3 12,429.0 12,869.8 13,295.7 13,629.0 13,826.4 13,691.2 13,200.0 13,440.7 13,741.5 13,815.8 13,870.3 13,878.2
Gross domestic product ..................................................................... 11,543.1 11,836.4 12,246.9 12,623.0 12,958.5 13,206.4 13,161.9 12,703.1 13,088.0 13,056.1 13,173.6 13,269.8 13,326.0
Plus: Income receipts from the rest of the world ...................................
343.1
377.7
465.1
573.0
697.8
819.6
781.3
584.6
634.2
758.8
814.4
850.8
854.6
Less: Income payments to the rest of the world....................................
289.4
304.3
370.5
475.9
628.0
704.1
626.6
444.9
461.4
692.4
739.6
714.8
669.7
Equals: Gross national product ......................................................... 11,597.1 11,909.9 12,341.6 12,720.1 13,028.3 13,322.0 13,316.9 12,843.2 13,261.0 13,122.6 13,248.4 13,405.8 13,511.0
Net domestic product ............................................................................ 10,143.3 10,395.2 10,758.6 11,081.6 11,360.0 11,545.3 11,451.7 10,967.0 11,333.3 11,417.4 11,519.3 11,601.1 11,643.3
NOTE. Users are cautioned that particularly for components that exhibit rapid change in prices relative to other prices in
the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its
contribution to the growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in

real gross domestic product, use table 2.
See “Explanatory Note” at the end of the tables.

Table 3B. Real Gross Domestic Product and Related Measures—Table Ends
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
2008
I
Gross domestic product .................................................................
Personal consumption expenditures.....................................................
Goods ...................................................................................................
Durable goods ...................................................................................
Motor vehicles and parts ...............................................................
Furnishings and durable household equipment ............................
Recreational goods and vehicles ..................................................
Other durable goods......................................................................
Nondurable goods .............................................................................
Food and beverages purchased for off-premises consumption.....
Clothing and footwear ...................................................................
Gasoline and other energy goods .................................................
Other nondurable goods................................................................
Services................................................................................................
Household consumption expenditures (for services).........................
Housing and utilities ......................................................................
Health care....................................................................................
Transportation services .................................................................
Recreation services.......................................................................
Food services and accommodations.............................................
Financial services and insurance ..................................................
Other services ...............................................................................
Final consumption expenditures of nonprofit institutions serving
households....................................................................................
Gross output of nonprofit institutions.............................................
Less: Receipts from sales of goods and services by nonprofit
institutions .................................................................................
Gross private domestic investment.......................................................
Fixed investment .................................................................................
Nonresidential ...................................................................................
Structures......................................................................................
Equipment and software................................................................
Information processing equipment and software.......................
Computers and peripheral equipment...................................
Software ................................................................................
Other .....................................................................................
Industrial equipment..................................................................
Transportation equipment..........................................................
Other equipment .......................................................................
Residential.........................................................................................
Change in private inventories ............................................................
Farm ..................................................................................................
Nonfarm.............................................................................................
Net exports of goods and services........................................................
Exports.................................................................................................
Goods................................................................................................
Services ............................................................................................
Imports .................................................................................................
Goods................................................................................................
Services ............................................................................................
Government consumption expenditures and gross investment.........
Federal..................................................................................................
National defense................................................................................
Consumption expenditures............................................................
Gross investment...........................................................................
Nondefense .......................................................................................
Consumption expenditures............................................................
Gross investment...........................................................................
State and local .....................................................................................
Consumption expenditures............................................................
Gross investment...........................................................................
Residual ....................................................................................................
Addenda:
Final sales of domestic product.............................................................
Gross domestic purchases....................................................................
Final sales to domestic purchasers .......................................................
Gross domestic product .....................................................................
Plus: Income receipts from the rest of the world ...................................
Less: Income payments to the rest of the world....................................
Equals: Gross national product .........................................................
Net domestic product ............................................................................

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

13,266.8 13,310.5 13,186.9 12,883.5 12,663.2 12,641.3 12,694.5 12,813.5 12,937.7 13,058.5 13,139.6 13,216.1 13,227.9 13,270.1
9,289.1 9,285.8 9,196.0 9,076.0 9,040.9 8,998.5 9,050.3 9,060.2 9,121.2 9,186.9 9,247.1 9,328.4 9,376.7 9,378.9
3,249.0 3,252.7 3,187.9 3,082.0 3,082.6 3,064.3 3,120.7 3,124.6 3,173.3 3,202.9 3,240.8 3,306.0 3,344.4 3,333.1
1,218.7 1,209.8 1,170.8 1,088.0 1,094.6 1,083.4 1,134.5 1,120.8 1,147.5 1,169.3 1,194.1 1,242.4 1,277.4 1,263.1
381.9
360.7
340.8
303.8
316.2
312.4
344.5
316.7
315.9
321.4
328.0
354.9
368.2
345.3
268.9
271.4
261.9
248.9
241.2
236.9
239.8
244.5
252.6
259.2
261.4
267.0
269.3
271.2
415.8
428.4
421.8
398.8
401.6
396.7
411.8
426.9
442.0
452.1
465.8
478.5
495.9
506.2
157.9
157.2
154.7
145.1
144.6
145.8
147.2
146.4
152.2
152.9
156.4
158.1
161.4
163.6
2,032.1 2,043.5 2,015.4 1,985.3 1,980.3 1,972.8 1,982.7 1,997.7 2,021.1 2,030.8 2,045.8 2,067.4 2,075.4 2,076.0
672.9
674.5
666.5
650.2
647.0
654.8
660.8
666.8
671.6
667.2
672.8
680.8
682.1
683.2
338.7
347.7
339.0
327.0
324.3
318.4
321.6
325.1
334.3
339.6
340.0
350.1
352.8
354.1
286.3
282.7
273.4
280.0
284.9
281.2
279.3
279.1
281.8
282.1
282.7
278.4
274.2
269.5
737.5
744.5
744.5
732.2
728.4
721.4
723.8
729.7
737.3
746.4
754.8
764.5
774.4
779.1
6,039.7 6,032.9 6,006.5 5,988.8 5,953.5 5,928.6 5,926.8 5,932.9 5,947.4 5,984.3 6,008.1 6,027.5 6,039.1 6,051.8
5,775.9 5,765.1 5,734.4 5,707.1 5,676.3 5,657.0 5,653.5 5,655.2 5,668.1 5,702.6 5,730.6 5,754.7 5,765.9 5,778.7
1,637.3 1,637.0 1,630.9 1,646.1 1,650.0 1,651.3 1,656.6 1,661.5 1,663.6 1,665.7 1,675.3 1,672.2 1,666.0 1,667.8
1,385.7 1,395.7 1,401.9 1,402.5 1,409.1 1,421.6 1,429.1 1,432.8 1,424.1 1,438.2 1,446.9 1,462.3 1,464.3 1,469.4
281.6
276.6
270.1
259.7
251.8
248.5
246.2
245.9
247.6
249.9
251.6
251.6
251.4
251.7
354.7
352.9
346.4
340.5
338.0
335.2
332.3
333.8
335.9
339.4
345.8
344.7
343.0
345.3
556.7
559.2
553.6
546.1
538.6
533.4
532.3
532.7
543.5
549.2
553.2
558.2
567.6
567.6
746.3
738.3
732.2
712.5
693.1
679.7
670.6
661.0
667.0
670.8
665.9
667.6
674.7
677.0
813.9
805.9
799.9
800.2
796.1
787.6
786.7
787.6
786.6
789.6
792.4
798.3
798.8
799.8
264.8
944.2

269.0
951.4

273.6
958.6

284.0
965.6

279.3
966.0

273.4
967.8

275.3
971.9

280.3
977.1

282.0
974.3

284.6
988.2

279.5
992.8

273.9
1,001.6

274.3
997.2

274.2
998.5

680.4
683.6
686.3
683.5
688.3
695.4
697.8
698.4
694.3
705.5
714.1
727.3
722.8
724.1
2,055.7 2,024.0 1,934.7 1,744.6 1,490.4 1,397.2 1,407.3 1,522.0 1,630.0 1,728.3 1,766.8 1,734.5 1,750.9 1,781.2
2,066.4 2,039.1 1,973.5 1,835.4 1,665.5 1,589.8 1,592.6 1,577.5 1,582.0 1,654.0 1,663.5 1,693.9 1,699.0 1,723.3
1,589.1 1,580.0 1,539.2 1,442.3 1,312.9 1,257.6 1,247.0 1,235.2 1,253.3 1,308.0 1,343.6 1,371.9 1,378.9 1,400.2
463.8
474.4
469.9
457.5
415.3
375.4
354.9
323.7
301.5
306.9
310.1
318.0
305.9
312.0
1,117.2 1,094.6 1,056.8
969.0
883.7
874.2
888.0
912.9
958.8 1,010.1 1,044.1 1,064.5 1,086.9 1,102.1
583.0
583.3
571.7
540.7
529.9
535.5
553.7
574.1
581.2
596.1
608.5
624.5
625.0
642.1
............... ............... .............. ............... ............... ............... .............. ............... ............... ............... .............. .............. ............... ...............
251.0
251.4
251.9
248.8
244.8
247.8
249.8
253.9
252.0
252.9
257.2
262.4
263.7
269.7
211.8
209.8
203.3
184.8
180.0
179.8
190.8
193.7
200.3
204.8
209.9
214.4
215.2
212.4
176.9
175.6
173.1
165.8
142.8
136.5
134.5
134.5
135.1
147.3
150.1
153.7
158.1
154.3
180.6
158.2
133.6
98.3
65.5
69.8
70.6
76.7
101.8
117.6
129.1
128.9
139.6
145.4
180.0
181.1
181.9
168.3
154.4
143.5
142.3
142.3
153.8
160.5
167.1
168.9
174.0
172.4
481.3
462.8
437.8
395.8
354.9
334.3
348.2
344.8
330.8
348.2
321.1
323.1
321.1
324.1
–12.5
–14.2
–38.1
–80.3
–161.6
–183.0
–178.7
–56.5
39.9
64.6
92.3
38.3
49.1
49.6
–6.9
3.5
5.1
2.3
0.2
–0.9
–4.9
–0.3
4.5
0.8
–5.7
–5.2
–7.8
–9.3
–4.8
–18.1
–44.2
–83.3
–162.6
–182.7
–173.9
–56.0
35.5
64.0
98.8
44.7
59.7
64.6
–550.2
–486.2
–464.6
–478.0
–404.2
–331.8
–352.4
–346.9
–376.8
–437.4
–458.7
–414.2
–424.4
–405.7
1,643.9 1,693.9 1,678.7 1,580.6 1,451.1 1,449.4 1,497.3 1,578.3 1,606.2 1,645.0 1,684.8 1,716.8 1,749.6 1,775.3
1,154.3 1,193.0 1,185.9 1,094.8
983.4
976.1 1,024.4 1,090.5 1,122.1 1,153.8 1,178.8 1,204.9 1,235.6 1,256.2
489.6
500.9
492.9
485.8
467.0
472.3
472.5
487.9
484.6
491.8
506.5
512.4
514.6
519.7
2,194.1 2,180.1 2,143.3 2,058.6 1,855.3 1,781.2 1,849.7 1,925.2 1,983.0 2,082.4 2,143.5 2,131.0 2,173.9 2,181.0
1,836.4 1,825.9 1,783.1 1,694.0 1,508.8 1,436.1 1,501.6 1,577.4 1,631.5 1,728.5 1,779.8 1,777.4 1,818.4 1,825.3
357.8
354.0
361.1
366.1
347.0
344.8
348.4
348.8
352.8
355.6
365.5
355.6
357.5
357.7
2,473.9 2,484.5 2,510.7 2,520.5 2,509.6 2,546.0 2,554.2 2,548.5 2,540.6 2,564.0 2,570.3 2,552.1 2,513.9 2,506.7
943.8
955.1
982.0 1,003.5
995.2 1,029.2 1,043.9 1,049.6 1,056.9 1,079.4 1,087.8 1,079.6 1,053.3 1,059.0
634.7
643.1
669.7
683.2
669.9
695.7
709.5
707.3
708.2
718.6
728.6
717.7
694.0
706.4
547.3
545.6
567.2
578.4
570.7
590.3
601.9
603.0
602.7
609.8
618.1
605.3
594.0
607.6
87.6
98.2
103.3
105.6
99.8
106.2
108.5
104.9
106.2
109.6
111.4
113.6
100.3
98.8
309.1
312.1
312.0
320.2
325.3
333.4
334.3
342.2
348.7
360.8
359.2
361.9
359.4
352.6
268.0
270.0
269.2
276.7
282.3
290.5
289.8
296.1
301.2
310.3
308.3
310.3
308.4
302.5
41.1
42.2
42.9
43.6
42.9
42.7
44.4
46.2
47.6
50.8
51.2
52.0
51.3
50.5
1,530.9 1,530.5 1,530.8 1,520.1 1,517.2 1,520.7 1,514.9 1,503.9 1,489.2 1,490.8 1,488.9 1,478.9 1,466.4 1,453.9
1,240.7 1,236.6 1,237.2 1,233.9 1,232.6 1,231.7 1,227.1 1,224.3 1,219.1 1,214.8 1,210.8 1,207.4 1,207.4 1,203.3
290.2
293.8
293.5
286.3
284.8
289.0
287.7
279.8
270.5
276.4
278.4
271.9
259.6
251.4
–15.6
–15.9
–2.8
17.0
12.1
14.0
4.0
–8.9
–20.4
–34.6
–42.0
–61.2
–74.8
–86.8
13,277.8
13,818.0
13,828.8
13,266.8
834.8
670.0
13,431.7
11,573.9

13,325.9
13,794.5
13,809.7
13,310.5
820.1
654.2
13,476.6
11,605.2

13,225.6
13,646.5
13,684.6
13,186.9
790.3
610.4
13,367.4
11,470.2

12,972.9
13,353.3
13,441.5
12,883.5
679.9
571.7
12,991.9
11,157.4

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

12,836.0
13,057.0
13,228.5
12,663.2
573.2
451.1
12,785.6
10,930.8

12,830.0
12,964.0
13,151.5
12,641.3
569.2
440.1
12,770.7
10,906.2

12,875.1
13,035.7
13,215.0
12,694.5
581.4
431.5
12,844.9
10,957.3

12,869.5
13,149.6
13,204.8
12,813.5
614.8
457.0
12,971.6
11,073.6

real gross domestic product, use table 2.
See “Explanatory Note” at the end of the tables.

12,895.9
13,304.1
13,261.7
12,937.7
609.4
454.5
13,092.9
11,194.4

12,992.2
13,486.8
13,419.9
13,058.5
632.1
452.5
13,238.4
11,308.9

13,046.0
13,589.6
13,495.4
13,139.6
639.9
450.9
13,328.9
11,381.6

13,181.6
13,621.2
13,585.9
13,216.1
655.2
487.7
13,383.9
11,448.2

13,182.8
13,644.2
13,598.4
13,227.9
669.3
465.2
13,432.2
11,451.3

13,219.3
13,667.2
13,615.7
13,270.1
...............
...............
...............
11,484.1

Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

Gross domestic product (GDP)......
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
4.6
2.8
1.3
1.9
Personal consumption expenditures ........
1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
1.8
3.9
3.5
2.2
4.2
Goods........................................................
–1.0
–0.1
1.5
2.1
1.4
1.3
3.1
–2.6
1.6
3.1
4.5
0.6
5.3
Durable goods.......................................
–2.6
–3.6
–1.9
–1.1
–1.6
–2.0
–1.9
–1.8
–1.7
–1.9
–1.7
–2.5
–1.5
Nondurable goods .................................
–0.1
2.1
3.6
4.0
3.2
3.2
5.7
–2.9
3.2
6.1
8.1
2.3
9.1
Services ....................................................
2.7
3.2
3.2
3.4
3.4
3.4
3.4
1.6
1.9
4.4
2.9
3.1
3.7
Gross private domestic investment...........
0.4
1.1
3.4
4.6
4.3
1.9
1.1
–1.0
–1.6
2.4
0.3
–0.1
0.4
Fixed investment .......................................
0.4
1.2
3.4
4.7
4.3
1.9
1.2
–1.2
–1.4
2.4
0.4
–0.1
0.4
Nonresidential .......................................
–0.4
–0.4
1.4
3.3
3.4
2.1
2.0
–0.6
–1.6
2.3
1.0
–0.1
0.4
Structures..........................................
4.2
3.6
7.6
13.1
12.9
6.1
4.9
–2.6
–1.1
5.0
1.8
3.3
4.8
Equipment and software ...................
–2.0
–1.8
–0.5
0.1
0.0
0.5
0.5
0.5
–1.8
1.2
0.7
–1.6
–1.8
Residential ............................................
2.5
4.8
7.3
7.2
6.1
1.4
–1.2
–3.4
–0.4
2.2
–1.2
0.1
0.7
Change in private inventories.................... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Net exports of goods and services ........... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Exports......................................................
–0.4
2.1
3.5
3.6
3.4
3.3
4.7
–5.4
4.4
3.5
4.5
2.6
5.8
Goods....................................................
–0.7
2.0
3.6
3.1
3.3
3.4
5.0
–6.8
4.9
2.8
4.6
2.2
6.1
Services ................................................
0.2
2.6
3.3
4.6
3.7
3.3
4.1
–2.2
3.2
5.1
4.2
3.7
5.1
Imports ......................................................
–1.1
3.5
4.8
6.2
4.1
3.5
10.6
–10.6
6.1
2.6
6.6
6.8
17.0
Goods....................................................
–1.8
2.9
4.9
6.5
4.2
3.5
11.6
–12.4
6.8
2.6
6.5
6.9
19.3
Services ................................................
2.2
6.3
4.5
4.6
3.8
3.8
5.8
–2.2
2.7
2.8
6.8
6.6
5.9
Government consumption expenditures
and gross investment .............................
2.6
4.2
4.3
5.8
4.8
4.8
4.9
–0.3
2.2
8.4
4.6
2.9
4.7
Federal ......................................................
3.7
4.2
4.7
4.9
4.1
3.5
3.2
–0.2
2.4
8.7
3.5
0.4
2.3
National defense ...................................
3.8
4.7
4.7
5.4
4.4
3.7
3.6
–0.7
2.4
8.4
4.1
0.9
3.1
Nondefense...........................................
3.6
3.5
4.9
3.9
3.5
3.2
2.3
0.9
2.4
9.3
2.3
–0.6
0.8
State and local ..........................................
2.1
4.2
4.0
6.3
5.3
5.5
5.9
–0.4
2.1
8.3
5.3
4.4
6.2
Addenda:
Final sales of domestic product.................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.0
1.2
4.7
2.8
1.3
1.9
Gross domestic purchases........................
1.4
2.3
3.0
3.7
3.4
2.9
3.2
–0.1
1.5
4.5
3.2
2.0
3.7
Final sales to domestic purchasers...........
1.4
2.3
3.0
3.7
3.4
3.0
3.3
–0.1
1.5
4.5
3.2
2.0
3.7
Gross national product (GNP)...................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.1
4.7
2.8
1.3
1.9
Implicit price deflators:
GDP ......................................................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
4.7
2.8
1.3
1.9
Gross domestic purchases....................
1.5
2.3
3.0
3.7
3.3
3.0
3.3
–0.1
1.5
4.5
3.2
2.1
3.8
GNP ......................................................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.0
1.1
4.7
2.7
1.3
1.9

Seasonally adjusted at annual rates
2008
I

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

Gross domestic product (GDP)......
2.5
2.5
3.1
0.5
1.7
–0.4
0.3
1.1
1.5
1.5
1.4
1.9
2.5
2.3
Personal consumption expenditures ........
3.9
4.5
4.3
–5.6
–1.7
1.9
3.0
2.8
1.9
0.3
1.0
1.9
3.9
3.1
Goods........................................................
4.8
4.8
7.0
–17.8
–6.3
4.1
5.6
2.5
2.1
–3.4
0.8
3.4
8.0
5.1
Durable goods.......................................
–1.3
–2.7
–1.1
–3.5
–2.1
–0.1
–2.7
0.5
–2.1
–2.4
–2.5
–2.4
–0.6
1.7
Nondurable goods .................................
8.1
8.8
11.1
–23.8
–8.3
6.1
9.8
3.5
4.1
–3.9
2.4
6.2
12.4
6.7
Services ....................................................
3.4
4.4
3.0
1.2
0.6
0.9
1.8
2.9
1.7
2.2
1.1
1.2
1.9
2.2
Gross private domestic investment...........
0.3
1.2
2.4
6.9
–2.2
–6.4
–5.8
–1.7
–1.2
0.0
0.9
1.7
2.1
2.3
Fixed investment .......................................
0.9
1.4
3.3
2.9
–2.3
–5.3
–4.4
–1.0
–1.3
–0.5
0.5
0.8
1.4
2.4
Nonresidential .......................................
1.9
2.2
5.1
5.3
–2.2
–5.2
–4.7
–2.0
–1.7
0.2
0.5
0.4
1.4
2.6
Structures..........................................
5.2
3.9
7.7
8.2
–5.6
–12.0
–10.0
–1.5
1.3
2.4
2.5
3.6
5.0
6.6
Equipment and software ...................
0.2
1.3
3.7
3.6
–0.2
–1.3
–2.2
–2.5
–3.1
–0.7
–0.3
–0.8
0.2
1.2
Residential ............................................
–1.6
–1.1
–2.8
–5.2
–2.9
–5.9
–3.1
3.1
0.5
–3.0
0.6
2.5
1.5
1.5
Change in private inventories.................... ................ ............... ................ ............... ................ ............... ................ ............... ................ ............... ................ ............... ................ ................
Net exports of goods and services ........... ................ ............... ................ ............... ................ ............... ................ ............... ................ ............... ................ ............... ................ ................
Exports......................................................
7.8
10.7
6.0
–22.0
–11.9
0.1
5.0
5.5
4.8
5.0
0.6
8.6
11.0
8.6
Goods....................................................
8.9
13.3
5.7
–27.1
–14.4
2.1
5.1
5.3
5.5
5.5
0.6
11.5
12.9
9.7
Services ................................................
5.4
4.7
6.7
–8.9
–6.7
–3.8
4.6
5.8
3.5
3.9
0.6
2.2
6.5
5.9
Imports ......................................................
16.8
21.0
10.6
–36.7
–29.2
6.6
14.4
11.5
8.3
–2.2
–2.2
8.4
19.1
12.7
Goods....................................................
19.2
22.7
11.6
–40.8
–33.4
8.5
17.1
12.5
9.9
–2.9
–3.0
8.9
22.3
14.0
Services ................................................
5.1
12.6
5.5
–11.6
–7.9
–0.8
4.0
7.1
1.0
0.8
1.6
5.8
4.2
6.6
Government consumption expenditures
and gross investment .............................
7.9
6.6
4.2
–5.4
–1.8
0.0
1.2
2.0
4.7
1.3
0.9
3.1
5.4
4.1
Federal ......................................................
7.5
4.1
1.7
–4.7
1.2
–2.0
1.4
2.3
5.6
1.3
1.1
2.0
5.3
3.5
National defense ...................................
7.5
5.3
2.0
–5.8
0.2
–2.5
1.1
2.5
5.7
1.3
0.9
2.5
6.3
3.5
Nondefense...........................................
7.6
1.5
1.1
–2.3
3.5
–1.0
2.2
1.9
5.5
1.2
1.5
1.1
3.4
3.4
State and local ..........................................
8.2
8.1
5.7
–5.7
–3.6
1.3
1.0
1.7
4.1
1.3
0.7
3.8
5.5
4.5
Addenda:
Final sales of domestic product.................
2.6
2.5
3.2
0.0
1.7
–0.3
0.4
1.2
1.4
1.4
1.4
1.8
2.4
2.3
Gross domestic purchases........................
4.1
4.5
4.0
–4.0
–1.9
0.5
1.6
2.1
2.1
0.5
1.0
2.1
4.0
3.2
Final sales to domestic purchasers...........
4.2
4.5
4.1
–4.4
–1.8
0.6
1.7
2.2
2.1
0.4
0.9
2.0
3.9
3.2
Gross national product (GNP)...................
2.5
2.5
3.1
0.4
1.7
–0.4
0.3
1.1
1.5
1.4
1.4
1.9
2.5 ................
Implicit price deflators:
GDP ......................................................
2.4
2.7
3.2
0.5
1.5
–0.4
0.2
1.0
1.5
1.6
1.3
1.8
2.7
2.4
Gross domestic purchases....................
4.0
4.6
4.1
–4.0
–2.0
0.5
1.6
2.0
2.1
0.6
0.9
2.0
4.2
3.3
GNP ......................................................
2.4
2.7
3.2
0.4
1.5
–0.4
0.2
1.0
1.5
1.5
1.3
1.8
2.7 ................
See “Explanatory Note” at the end of the tables.

Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Continues
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

Gross domestic product (GDP)......
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
4.6
2.8
1.3
1.9
Previously published .....................
1.6
2.2
2.8
3.3
3.3
2.9
2.2
0.9
1.0
4.4
3.2
2.0
0.9
Personal consumption expenditures ........
1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
1.8
3.9
3.5
2.2
4.2
Previously published .................................
1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
1.7
4.0
3.5
2.3
4.2
Goods........................................................
–1.0
–0.1
1.5
2.1
1.4
1.3
3.1
–2.6
1.6
3.1
4.5
0.6
5.3
Previously published .............................
–1.0
–0.1
1.5
2.2
1.5
1.4
3.2
–2.5
1.7
3.2
4.7
0.8
5.4
Durable goods.......................................
–2.6
–3.6
–1.9
–1.1
–1.6
–2.0
–1.9
–1.8
–1.7
–1.9
–1.7
–2.5
–1.5
Previously published .........................
–2.6
–3.5
–1.8
–1.0
–1.5
–1.8
–1.4
–1.6
–1.4
–1.8
–1.4
–2.1
–1.4
Nondurable goods .................................
–0.1
2.1
3.6
4.0
3.2
3.2
5.7
–2.9
3.2
6.1
8.1
2.3
9.1
Previously published .........................
–0.1
2.1
3.6
4.0
3.2
3.2
5.6
–2.9
3.2
6.1
8.1
2.3
9.1
Services ....................................................
2.7
3.2
3.2
3.4
3.4
3.4
3.4
1.6
1.9
4.4
2.9
3.1
3.7
Previously published .............................
2.7
3.2
3.2
3.4
3.4
3.4
3.4
1.5
1.7
4.4
2.9
3.1
3.7
Gross private domestic investment...........
0.4
1.1
3.4
4.6
4.3
1.9
1.1
–1.0
–1.6
2.4
0.3
–0.1
0.4
Previously published .................................
0.4
1.4
3.5
4.6
4.4
1.8
0.7
–2.0
–1.7
2.1
0.1
–0.2
0.4
Fixed investment .......................................
0.4
1.2
3.4
4.7
4.3
1.9
1.2
–1.2
–1.4
2.4
0.4
–0.1
0.4
Previously published .............................
0.4
1.5
3.5
4.7
4.4
1.8
0.8
–1.7
–1.6
2.1
0.2
–0.2
0.2
Nonresidential .......................................
–0.4
–0.4
1.4
3.3
3.4
2.1
2.0
–0.6
–1.6
2.3
1.0
–0.1
0.4
Previously published .........................
–0.4
0.0
1.6
3.3
3.5
1.9
1.4
–1.2
–1.9
2.0
0.7
–0.3
0.2
Structures..........................................
4.2
3.6
7.6
13.1
12.9
6.1
4.9
–2.6
–1.1
5.0
1.8
3.3
4.8
Previously published .....................
4.2
3.6
7.6
13.1
12.9
6.1
4.7
–2.6
–1.4
5.0
1.8
3.3
4.8
Equipment and software ...................
–2.0
–1.8
–0.5
0.1
0.0
0.5
0.5
0.5
–1.8
1.2
0.7
–1.6
–1.8
Previously published .....................
–2.0
–1.2
–0.4
0.1
0.2
0.1
–0.2
–0.5
–1.9
0.7
0.3
–2.0
–2.1
Residential ............................................
2.5
4.8
7.3
7.2
6.1
1.4
–1.2
–3.4
–0.4
2.2
–1.2
0.1
0.7
Previously published .........................
2.5
4.8
7.3
7.2
6.1
1.4
–1.2
–3.4
–0.3
2.2
–1.2
0.1
0.7
Change in private inventories.................... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Net exports of goods and services ........... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Exports......................................................
–0.4
2.1
3.5
3.6
3.4
3.3
4.7
–5.4
4.4
3.5
4.5
2.6
5.8
Previously published .............................
–0.4
2.2
3.5
3.6
3.4
3.3
4.7
–5.4
4.2
3.4
4.4
2.6
5.8
Goods....................................................
–0.7
2.0
3.6
3.1
3.3
3.4
5.0
–6.8
4.9
2.8
4.6
2.2
6.1
Previously published .........................
–0.7
2.0
3.6
3.2
3.3
3.4
4.8
–6.8
4.8
2.7
4.5
2.2
6.1
Services ................................................
0.2
2.6
3.3
4.6
3.7
3.3
4.1
–2.2
3.2
5.1
4.2
3.7
5.1
Previously published .........................
0.2
2.6
3.3
4.6
3.7
3.3
4.2
–2.2
2.9
5.1
4.2
3.7
5.1
Imports ......................................................
–1.1
3.5
4.8
6.2
4.1
3.5
10.6
–10.6
6.1
2.6
6.6
6.8
17.0
Previously published .............................
–1.1
3.5
4.8
6.2
4.1
3.3
10.4
–10.7
6.5
3.9
4.0
2.8
24.3
Goods....................................................
–1.8
2.9
4.9
6.5
4.2
3.5
11.6
–12.4
6.8
2.6
6.5
6.9
19.3
Previously published .........................
–1.8
2.9
4.9
6.5
4.2
3.1
11.3
–12.3
7.1
4.1
3.5
2.1
28.0
Services ................................................
2.2
6.3
4.5
4.6
3.8
3.8
5.8
–2.2
2.7
2.8
6.8
6.6
5.9
Previously published .........................
2.2
6.3
4.5
4.6
3.8
3.8
5.7
–2.8
3.7
2.8
6.8
6.6
5.9
Government consumption expenditures
and gross investment .............................
2.6
4.2
4.3
5.8
4.8
4.8
4.9
–0.3
2.2
8.4
4.6
2.9
4.7
Previously published .................................
2.6
4.2
4.3
5.8
4.8
4.8
4.7
–0.3
1.9
8.4
4.6
2.9
4.7
Federal ......................................................
3.7
4.2
4.7
4.9
4.1
3.5
3.2
–0.2
2.4
8.7
3.5
0.4
2.3
Previously published .............................
3.7
4.2
4.7
4.9
4.1
3.5
3.1
–0.2
1.7
8.7
3.5
0.4
2.3
National defense ...................................
3.8
4.7
4.7
5.4
4.4
3.7
3.6
–0.7
2.4
8.4
4.1
0.9
3.1
Previously published .........................
3.8
4.7
4.7
5.4
4.4
3.7
3.6
–0.7
2.0
8.4
4.1
0.9
3.1
Nondefense...........................................
3.6
3.5
4.9
3.9
3.5
3.2
2.3
0.9
2.4
9.3
2.3
–0.6
0.8
Previously published .........................
3.6
3.5
4.9
3.9
3.5
3.2
2.2
0.8
1.1
9.3
2.3
–0.6
0.8
State and local ..........................................
2.1
4.2
4.0
6.3
5.3
5.5
5.9
–0.4
2.1
8.3
5.3
4.4
6.2
Previously published .............................
2.1
4.2
4.0
6.3
5.3
5.5
5.6
–0.4
2.0
8.3
5.3
4.4
6.2
Addenda:
Final sales of domestic product.................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.0
1.2
4.7
2.8
1.3
1.9
Previously published .............................
1.6
2.2
2.8
3.3
3.3
2.9
2.2
1.0
1.0
4.4
3.2
2.0
0.8
Gross domestic purchases........................
1.4
2.3
3.0
3.7
3.4
2.9
3.2
–0.1
1.5
4.5
3.2
2.0
3.7
Previously published .............................
1.4
2.3
3.0
3.7
3.4
2.9
3.2
–0.2
1.3
4.4
3.2
2.0
3.8
Final sales to domestic purchasers...........
1.4
2.3
3.0
3.7
3.4
3.0
3.3
–0.1
1.5
4.5
3.2
2.0
3.7
Previously published .............................
1.4
2.3
3.0
3.7
3.4
3.0
3.2
–0.2
1.4
4.5
3.2
2.0
3.7
Gross national product (GNP)...................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.1
4.7
2.8
1.3
1.9
Previously published .............................
1.6
2.2
2.8
3.3
3.3
2.9
2.2
0.9
1.0
4.4
3.1
2.0
0.9
Implicit price deflators:
GDP ......................................................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
4.7
2.8
1.3
1.9
Previously published .........................
1.6
2.2
2.8
3.3
3.3
2.9
2.2
0.9
1.0
4.4
3.2
2.0
0.9
Gross domestic purchases....................
1.5
2.3
3.0
3.7
3.3
3.0
3.3
–0.1
1.5
4.5
3.2
2.1
3.8
Previously published .........................
1.5
2.3
3.0
3.7
3.4
2.9
3.2
–0.2
1.3
4.4
3.1
2.1
3.8
GNP ......................................................
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.0
1.1
4.7
2.7
1.3
1.9
Previously published .........................
1.6
2.2
2.8
3.3
3.3
2.9
2.2
0.9
1.0
4.4
3.1
2.0
0.9
See “Explanatory Note” at the end of the tables.

Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Table Ends
Seasonally adjusted at annual rates
2008
I

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

Gross domestic product (GDP)......
2.5
2.5
3.1
0.5
1.7
–0.4
0.3
1.1
1.5
1.5
1.4
1.9
2.5
Previously published .....................
1.9
3.2
4.5
–1.2
1.1
0.3
0.7
–0.2
1.0
1.9
2.1
0.4
2.0
Personal consumption expenditures ........
3.9
4.5
4.3
–5.6
–1.7
1.9
3.0
2.8
1.9
0.3
1.0
1.9
3.9
Previously published .................................
3.9
4.6
4.4
–5.8
–1.6
1.9
2.9
2.7
2.1
0.0
0.8
1.7
3.9
Goods........................................................
4.8
4.8
7.0
–17.8
–6.3
4.1
5.6
2.5
2.1
–3.4
0.8
3.4
8.0
Previously published .............................
5.1
4.9
7.2
–17.7
–6.0
3.7
5.7
2.8
2.6
–3.6
0.9
3.4
8.0
Durable goods.......................................
–1.3
–2.7
–1.1
–3.5
–2.1
–0.1
–2.7
0.5
–2.1
–2.4
–2.5
–2.4
–0.6
Previously published .........................
–0.7
–2.0
–0.7
–3.4
–2.1
0.1
–2.5
0.7
–2.0
–1.6
–2.2
–2.2
–0.4
Nondurable goods .................................
8.1
8.8
11.1
–23.8
–8.3
6.1
9.8
3.5
4.1
–3.9
2.4
6.2
12.4
Previously published .........................
8.1
8.3
11.0
–23.5
–7.9
5.4
9.7
3.8
4.7
–4.6
2.4
6.1
12.2
Services ....................................................
3.4
4.4
3.0
1.2
0.6
0.9
1.8
2.9
1.7
2.2
1.1
1.2
1.9
Previously published .............................
3.3
4.5
3.0
0.7
0.5
1.1
1.7
2.7
1.8
1.8
0.7
0.9
1.8
Gross private domestic investment...........
0.3
1.2
2.4
6.9
–2.2
–6.4
–5.8
–1.7
–1.2
0.0
0.9
1.7
2.1
Previously published .................................
–0.2
1.0
1.9
4.8
–4.1
–6.7
–6.0
–0.7
–2.0
–0.7
0.5
2.6
1.5
Fixed investment .......................................
0.9
1.4
3.3
2.9
–2.3
–5.3
–4.4
–1.0
–1.3
–0.5
0.5
0.8
1.4
Previously published .............................
0.0
1.3
2.8
2.2
–3.0
–5.7
–4.8
–1.0
–1.4
–0.7
0.1
1.2
1.2
Nonresidential .......................................
1.9
2.2
5.1
5.3
–2.2
–5.2
–4.7
–2.0
–1.7
0.2
0.5
0.4
1.4
Previously published .........................
0.6
2.1
4.5
4.3
–3.1
–5.7
–5.1
–2.4
–1.9
0.0
0.2
0.9
1.3
Structures..........................................
5.2
3.9
7.7
8.2
–5.6
–12.0
–10.0
–1.5
1.3
2.4
2.5
3.6
5.0
Previously published .....................
3.5
4.9
8.1
8.1
–5.6
–12.2
–10.5
–2.1
0.9
2.0
2.9
4.0
4.7
Equipment and software ...................
0.2
1.3
3.7
3.6
–0.2
–1.3
–2.2
–2.5
–3.1
–0.7
–0.3
–0.8
0.2
Previously published .....................
–0.9
0.8
2.6
2.2
–1.6
–2.0
–2.4
–2.5
–3.1
–0.8
–0.8
–0.2
0.2
Residential ............................................
–1.6
–1.1
–2.8
–5.2
–2.9
–5.9
–3.1
3.1
0.5
–3.0
0.6
2.5
1.5
Previously published .........................
–1.4
–1.1
–2.8
–5.2
–2.9
–6.0
–3.3
4.3
0.6
–3.2
–0.1
2.7
0.7
Change in private inventories.................... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Net exports of goods and services ........... ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. .................
Exports......................................................
7.8
10.7
6.0
–22.0
–11.9
0.1
5.0
5.5
4.8
5.0
0.6
8.6
11.0
Previously published .............................
7.8
10.6
5.7
–22.3
–11.5
0.7
4.6
4.6
5.1
4.8
0.2
8.4
11.2
Goods....................................................
8.9
13.3
5.7
–27.1
–14.4
2.1
5.1
5.3
5.5
5.5
0.6
11.5
12.9
Previously published .........................
8.6
13.2
5.4
–27.5
–13.8
2.7
4.8
4.6
5.8
5.3
0.4
11.3
13.2
Services ................................................
5.4
4.7
6.7
–8.9
–6.7
–3.8
4.6
5.8
3.5
3.9
0.6
2.2
6.5
Previously published .........................
5.8
4.8
6.4
–9.0
–6.6
–3.2
4.0
4.7
3.7
3.7
–0.2
1.8
6.6
Imports ......................................................
16.8
21.0
10.6
–36.7
–29.2
6.6
14.4
11.5
8.3
–2.2
–2.2
8.4
19.1
Previously published .............................
19.4
16.6
2.2
–32.1
–27.3
2.3
8.6
21.8
12.4
–7.7
–8.1
18.7
21.9
Goods....................................................
19.2
22.7
11.6
–40.8
–33.4
8.5
17.1
12.5
9.9
–2.9
–3.0
8.9
22.3
Previously published .........................
22.0
17.3
1.7
–34.6
–30.7
2.0
9.2
24.8
14.6
–9.6
–9.2
21.4
25.7
Services ................................................
5.1
12.6
5.5
–11.6
–7.9
–0.8
4.0
7.1
1.0
0.8
1.6
5.8
4.2
Previously published .........................
6.2
13.4
4.8
–17.2
–10.2
3.8
6.2
9.2
2.5
1.6
–2.2
6.1
4.6
Government consumption expenditures
and gross investment .............................
7.9
6.6
4.2
–5.4
–1.8
0.0
1.2
2.0
4.7
1.3
0.9
3.1
5.4
Previously published .................................
7.3
6.5
3.9
–5.2
–1.7
0.6
0.4
1.5
4.6
0.9
0.3
3.1
5.4
Federal ......................................................
7.5
4.1
1.7
–4.7
1.2
–2.0
1.4
2.3
5.6
1.3
1.1
2.0
5.3
Previously published .............................
6.5
4.7
1.6
–4.2
0.7
–0.8
–0.1
1.5
4.5
0.9
0.5
1.8
3.8
National defense ...................................
7.5
5.3
2.0
–5.8
0.2
–2.5
1.1
2.5
5.7
1.3
0.9
2.5
6.3
Previously published .........................
6.4
6.3
2.0
–5.9
0.1
–1.8
0.3
1.6
5.3
1.2
0.5
2.2
4.4
Nondefense...........................................
7.6
1.5
1.1
–2.3
3.5
–1.0
2.2
1.9
5.5
1.2
1.5
1.1
3.4
Previously published .........................
6.6
1.6
0.6
–0.4
2.2
1.1
–1.0
1.5
2.8
0.2
0.4
1.0
2.6
State and local ..........................................
8.2
8.1
5.7
–5.7
–3.6
1.3
1.0
1.7
4.1
1.3
0.7
3.8
5.5
Previously published .............................
7.7
7.5
5.3
–5.8
–3.2
1.5
0.8
1.5
4.6
0.9
0.2
4.0
6.5
Addenda:
Final sales of domestic product.................
2.6
2.5
3.2
0.0
1.7
–0.3
0.4
1.2
1.4
1.4
1.4
1.8
2.4
Previously published .............................
2.0
3.2
4.6
–1.5
1.3
0.4
0.8
–0.3
1.0
1.9
2.1
0.2
2.0
Gross domestic purchases........................
4.1
4.5
4.0
–4.0
–1.9
0.5
1.6
2.1
2.1
0.5
1.0
2.1
4.0
Previously published .............................
4.0
4.5
3.9
–4.4
–2.0
0.6
1.4
2.1
2.1
0.1
0.7
2.1
3.9
Final sales to domestic purchasers...........
4.2
4.5
4.1
–4.4
–1.8
0.6
1.7
2.2
2.1
0.4
0.9
2.0
3.9
Previously published .............................
4.0
4.5
4.1
–4.6
–1.9
0.7
1.5
2.0
2.2
0.1
0.6
1.9
3.9
Gross national product (GNP)...................
2.5
2.5
3.1
0.4
1.7
–0.4
0.3
1.1
1.5
1.4
1.4
1.9
2.5
Previously published .............................
2.0
3.2
4.5
–1.3
1.1
0.3
0.8
–0.2
1.0
1.9
2.1
0.4
2.1
Implicit price deflators:
GDP ......................................................
2.4
2.7
3.2
0.5
1.5
–0.4
0.2
1.0
1.5
1.6
1.3
1.8
2.7
Previously published .........................
1.8
3.4
4.5
–1.2
1.0
0.3
0.7
–0.3
1.1
2.0
2.0
0.3
2.0
Gross domestic purchases....................
4.0
4.6
4.1
–4.0
–2.0
0.5
1.6
2.0
2.1
0.6
0.9
2.0
4.2
Previously published .........................
3.8
4.7
4.0
–4.3
–2.2
0.5
1.3
2.0
2.2
0.1
0.6
2.1
3.9
GNP ......................................................
2.4
2.7
3.2
0.4
1.5
–0.4
0.2
1.0
1.5
1.5
1.3
1.8
2.7
Previously published .........................
1.8
3.4
4.5
–1.2
1.0
0.3
0.7
–0.3
1.0
1.9
2.0
0.4
2.1
See “Explanatory Note” at the end of the tables.

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

2008

2009

2010

2008
I

II

2009
III

IV

I

Gross domestic product ........ 104.622 104.270 100.635 103.684 105.101 105.447 104.468 102.064 100.319
Personal consumption expenditures.... 105.218 104.637 102.657 104.741 105.515 105.478 104.458 103.096 102.696
Goods................................................... 106.394 103.776 100.693 105.006 105.599 105.719 103.615 100.171 100.190
Durable goods .................................. 109.711 104.314 98.660 105.782 108.488 107.693 104.222 96.851 97.438
Nondurable goods ............................ 104.584 103.363 101.536 104.501 104.028 104.614 103.177 101.634 101.380
Services ............................................... 104.599 105.067 103.644 104.628 105.465 105.344 104.884 104.576 103.958
Gross private domestic investment...... 99.412 89.296 66.944 78.945 94.633 93.176 89.061 80.314 68.610
Fixed investment................................... 100.390 93.228 75.688 77.667 97.363 96.078 92.989 86.480 78.473
Nonresidential .................................. 115.039 114.125 93.755 97.913 117.944 117.269 114.238 107.050 97.447
Structures..................................... 124.578 132.595 104.426 87.883 131.860 134.869 133.594 130.057 118.078
Equipment and software............... 111.168 106.411 89.367 102.393 112.220 109.945 106.148 97.330 88.760
Residential........................................ 75.379 57.345 44.587 42.681 62.104 59.721 56.484 51.072 45.790
Change in private inventories ............... ............. .............. ............. .............. ............. .............. ............. .............. .............
Exports of goods and services ............. 119.108 126.376 114.479 127.444 125.966 129.793 128.631 121.112 111.191
Imports of goods and services ............. 108.652 105.733 91.372 102.821 108.203 107.511 105.698 101.518 91.492
Government consumption
expenditures and gross investment 102.713 105.381 107.161 107.886 104.391 104.838 105.941 106.356 105.895
Federal ................................................. 103.399 110.819 117.479 122.782 107.703 108.996 112.058 114.518 113.570
State and local...................................... 102.311 102.310 101.378 99.557 102.501 102.473 102.490 101.776 101.583
Addenda:
Final sales of domestic product............ 104.808 104.991 102.224 103.626 105.606 105.988 105.190 103.181 102.092
Gross domestic purchases................... 103.818 102.303 97.796 101.160 103.539 103.363 102.254 100.057 97.837
Final sales to domestic purchasers ...... 103.991 102.974 99.280 101.091 104.009 103.866 102.925 101.097 99.495
Gross national product ......................... 104.731 104.692 100.968 104.253 105.595 105.947 105.089 102.137 100.515

2010

2011

II

III

IV

I

II

III

IV

I

II

100.145
102.215
99.597
96.440
100.996
103.524
64.317
74.910
93.341
106.721
87.812
43.133
..............
111.058
87.838

100.567
102.803
101.430
100.994
101.499
103.493
64.782
75.041
92.556
100.894
89.194
44.932
.............
114.728
91.215

101.509
102.915
101.555
99.770
102.268
103.599
70.067
74.327
91.678
92.013
91.700
44.495
..............
120.941
94.941

102.494
103.608
103.139
102.147
103.468
103.853
75.037
74.541
93.023
85.704
96.309
42.680
.............
123.074
97.789

103.450
104.355
104.100
104.087
103.962
104.496
79.562
77.935
97.081
87.261
101.463
44.933
..............
126.049
102.695

104.093
105.038
105.333
106.294
104.733
104.912
81.333
78.380
99.725
88.169
104.873
41.427
.............
129.101
105.708

104.699
105.962
107.452
110.600
105.839
105.250
79.848
79.812
101.822
90.399
106.925
41.684
..............
131.551
105.091

104.792
106.511
108.700
113.710
106.249
105.453
80.600
80.052
102.342
86.974
109.174
41.428
.............
134.061
107.207

105.127
106.536
108.332
112.444
106.276
105.675
81.998
81.200
103.923
88.684
110.698
41.818
..............
136.032
107.556

107.431 107.779 107.537 107.205 108.193 108.457 107.691 106.076 105.775
117.445 119.128 119.772 120.614 123.177 124.138 123.197 120.195 120.852
101.817 101.424 100.689 99.704 99.814 99.689 99.020 98.177 97.344
102.044 102.403 102.358 102.569 103.334 103.762 104.841
97.140 97.677 98.531 99.689 101.057 101.828 102.064
98.915 99.393 99.316 99.744 100.934 101.502 102.182
100.398 100.981 101.977 102.931 104.074 104.786 105.218

104.850
102.237
102.276
105.598

105.141
102.409
102.406
..............

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

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

2008

2009

2010

2008
I

Gross domestic product ........
Personal consumption expenditures
(PCE)....................................................
Goods...................................................
Durable goods ..................................
Nondurable goods ............................
Services ...............................................
Gross private domestic investment......
Fixed investment...................................
Nonresidential ..................................
Structures.....................................
Equipment and software...............
Residential........................................
Change in private inventories ...............
Exports of goods and services .............
Imports of goods and services .............
Government consumption
expenditures and gross investment
Federal .................................................
State and local......................................
Addenda:
PCE excluding food and energy 1.........
Market-based PCE 2 ............................
Market-based PCE excluding food and
energy 2 ............................................
Final sales of domestic product............
Gross domestic purchases...................
Final sales to domestic purchasers ......
Gross national product .........................
Implicit price deflators:
Gross domestic product ...................
Final sales of domestic product........
Gross domestic purchases...............
Final sales to domestic purchasers
Gross national product .....................

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

106.231 108.565 109.732 111.000 107.623 108.282 109.107 109.247 109.709 109.589 109.662 109.969 110.370 110.770 111.162 111.699 112.390 113.039
105.499
102.764
96.430
106.490
106.981
106.313
106.360
105.645
119.780
100.525
107.612
.............
106.900
107.785

108.943
105.912
94.628
112.567
110.584
107.501
107.587
107.717
125.706
101.000
106.296
..............
111.975
119.237

109.169
103.209
92.901
109.301
112.353
106.401
106.305
107.106
122.490
101.496
102.637
.............
105.959
106.571

111.112
104.837
91.348
112.748
114.465
104.743
104.843
105.373
121.117
99.634
102.214
..............
110.617
113.032

107.852
105.356
95.448
111.200
109.211
106.487
106.687
106.261
123.025
100.070
107.250
.............
110.731
116.791

109.052
106.609
94.805
113.560
110.386
106.815
107.048
106.846
124.220
100.396
106.941
..............
113.584
122.490

110.218
108.437
94.552
116.589
111.204
107.447
107.912
108.183
126.538
101.313
106.196
.............
115.264
125.623

108.650
103.248
93.708
108.922
111.536
109.254
108.699
109.578
129.041
102.222
104.799
..............
108.320
112.045

108.194
101.575
93.203
106.588
111.715
108.646
108.062
108.968
127.209
102.182
104.023
.............
104.944
102.793

108.703
102.597
93.181
108.183
111.964
106.872
106.595
107.525
123.194
101.851
102.451
..............
104.967
104.443

109.513
104.007
92.548
110.740
112.463
105.274
105.410
106.238
120.003
101.295
101.643
.............
106.249
108.027

110.265
104.657
92.674
111.691
113.269
104.811
105.154
105.694
119.555
100.657
102.430
..............
107.674
111.019

110.774
105.196
92.187
112.818
113.758
104.507
104.818
105.237
119.947
99.860
102.568
.............
108.955
113.252

110.864
104.286
91.639
111.704
114.380
104.510
104.693
105.293
120.647
99.677
101.784
..............
110.295
112.610

111.136
104.497
91.058
112.379
114.682
104.755
104.826
105.424
121.399
99.595
101.941
.............
110.461
111.994

111.673
105.367
90.507
114.092
115.037
105.199
105.035
105.536
122.475
99.406
102.563
..............
112.757
114.271

112.747
107.412
90.362
117.463
115.574
105.755
105.412
105.909
123.982
99.446
102.958
.............
115.725
119.370

113.622
108.751
90.747
119.381
116.192
106.353
106.045
106.598
125.990
99.753
103.350
..............
118.125
123.005

109.863 115.245 114.883 117.445 113.673 115.506 116.698 115.103 114.581 114.572 114.908 115.470 116.812 117.182 117.444 118.341 119.910 121.111
107.753 111.225 111.000 113.653 110.488 111.605 112.080 110.726 111.065 110.502 110.898 111.537 113.080 113.444 113.759 114.331 115.827 116.819
111.112 117.666 117.214 119.704 115.571 117.848 119.496 117.750 116.666 117.030 117.326 117.835 119.030 119.404 119.627 120.757 122.372 123.719
104.631 107.020 108.691 110.208 106.208 106.844 107.384 107.644 107.913 108.475 108.888 109.488 109.796 110.147 110.353 110.534 110.963 111.535
105.340 108.909 109.201 110.857 107.822 108.929 110.272 108.613 108.264 108.790 109.580 110.171 110.586 110.554 110.894 111.394 112.498 113.483
104.304
106.238
106.402
106.409
106.235

106.666
108.576
109.858
109.869
108.571

108.647
109.703
109.803
109.783
109.721

109.763
110.981
111.438
111.426
110.979

105.905
107.647
108.703
108.727
107.632

106.341
108.309
109.893
109.918
108.292

106.985
109.171
110.982
111.041
109.121

107.434
109.179
109.852
109.791
109.241

107.945
109.637
109.340
109.283
109.696

108.533
109.544
109.472
109.439
109.578

108.860
109.652
109.913
109.909
109.653

109.248
109.979
110.485
110.500
109.957

109.416
110.375
111.057
111.069
110.356

109.667
110.761
111.190
111.188
110.746

109.943
111.140
111.456
111.441
111.139

110.025
111.647
112.048
112.006
111.676

110.391
112.315
113.147
113.084
112.372

111.044
112.968
114.046
113.988
..............

106.227
106.238
106.398
106.409
106.230

108.582
108.576
109.875
109.869
108.589

109.729
109.703
109.799
109.783
109.717

110.992
110.981
111.429
111.426
110.971

107.591
107.649
108.671
108.728
107.600

108.302
108.314
109.910
109.921
108.312

109.162
109.176
111.032
111.045
109.176

109.300
109.183
109.901
109.793
109.295

109.717
109.639
109.346
109.285
109.705

109.594
109.545
109.475
109.439
109.582

109.658
109.651
109.908
109.908
109.649

109.943
109.977
110.460
110.499
109.931

110.358
110.372
111.046
111.067
110.345

110.793
110.757
111.213
111.185
110.769

111.156
111.136
111.451
111.438
111.133

111.644
111.642
111.996
112.003
111.623

112.398
112.311
113.155
113.080
112.379

113.065
112.964
114.073
113.985
..............

1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price
measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final

consumption expenditures of nonprofit institutions serving households. Percentage changes for these series are included
in the addenda to table 8 and appendix table A.
See “Explanatory Note” at the end of the tables.

Table 7. Real Gross Domestic Product: Percent Change From Preceding Year
1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Gross domestic product (GDP)......
–0.2
3.4
2.9
4.1
2.5
3.7
4.5
4.4
4.8
4.1
1.1
1.8
2.5
3.5
3.1
2.7
1.9
–0.3
–3.5
3.0
Personal consumption expenditures.........
0.2
3.4
3.5
3.8
2.7
3.5
3.7
5.2
5.5
5.1
2.7
2.7
2.8
3.3
3.4
2.9
2.3
–0.6
–1.9
2.0
Goods........................................................
–2.0
3.2
4.2
5.3
3.0
4.5
4.8
6.8
8.0
5.3
3.1
4.1
4.6
4.5
4.2
3.3
3.0
–2.5
–3.0
4.3
Durable goods .......................................
–5.4
5.7
7.5
8.0
3.9
7.5
8.2
12.2
13.0
8.8
5.4
7.6
6.6
7.3
5.9
4.5
5.0
–4.9
–5.4
7.2
Nondurable goods .................................
–0.3
1.9
2.5
3.9
2.5
2.9
2.9
3.8
5.1
3.2
1.8
2.0
3.4
2.8
3.2
2.6
1.9
–1.2
–1.8
2.9
Services ....................................................
1.5
3.6
3.2
3.0
2.5
2.9
3.1
4.4
4.1
5.0
2.5
1.9
1.9
2.7
3.0
2.6
1.9
0.4
–1.4
0.9
Gross private domestic investment...........
–8.1
8.1
8.9
13.6
3.1
8.8
12.4
10.0
8.8
6.8
–7.0
–1.4
3.9
10.1
5.5
2.7
–3.2 –10.2 –25.0
17.9
Fixed investment........................................
–6.5
5.9
8.6
9.4
6.4
9.0
9.2
10.9
9.3
7.4
–1.9
–4.2
3.5
7.4
6.5
2.4
–1.9
–7.1 –18.8
2.6
Nonresidential .......................................
–5.4
3.2
8.7
9.2
10.5
9.3
12.1
12.0
10.4
9.8
–2.8
–7.9
1.4
6.2
6.7
8.0
6.5
–0.8 –17.8
4.4
Structures.......................................... –11.1
–6.0
–0.6
1.8
6.4
5.7
7.3
5.1
0.1
7.8
–1.5 –17.7
–3.8
1.1
1.4
9.2
14.1
6.4 –21.2 –15.8
Equipment and software....................
–2.6
7.3
12.5
11.9
12.0
10.6
13.8
14.5
14.1
10.5
–3.2
–4.2
3.1
7.9
8.5
7.6
3.3
–4.3 –16.0
14.6
Residential.............................................
–9.6
13.8
8.2
9.7
–3.3
8.0
1.9
7.7
6.3
1.0
0.6
5.2
8.2
9.8
6.2
–7.3 –18.7 –23.9 –22.2
–4.3
Change in private inventories .................... ........... ............ ........... ............ ............ ........... ............ ........... ............ ............ ........... ............ ........... ............ ............ ........... ............ ........... ........... ............
Net exports of goods and services............ ........... ............ ........... ............ ............ ........... ............ ........... ............ ............ ........... ............ ........... ............ ............ ........... ............ ........... ........... ............
Exports ......................................................
6.6
6.9
3.3
8.7
10.1
8.3
11.9
2.3
4.4
8.6
–5.6
–2.0
1.6
9.5
6.7
9.0
9.3
6.1
–9.4
11.3
Goods....................................................
6.9
7.5
3.3
9.7
11.7
8.8
14.4
2.2
3.8
11.1
–6.2
–3.6
1.8
8.5
7.5
9.4
9.7
6.3 –12.0
14.4
Services ................................................
6.0
5.4
3.3
6.4
6.3
7.0
5.9
2.4
5.7
2.7
–4.1
1.9
1.2
11.9
5.0
7.9
8.3
5.6
–3.5
5.0
Imports ......................................................
–0.1
7.0
8.6
11.9
8.0
8.7
13.5
11.7
11.5
13.0
–2.8
3.4
4.4
11.1
6.1
6.1
2.4
–2.7 –13.6
12.5
Goods....................................................
0.5
9.4
10.0
13.4
9.0
9.4
14.4
11.8
12.5
13.4
–3.2
3.7
4.9
11.1
6.8
5.9
2.6
–3.8 –15.6
14.8
Services ................................................
–2.6
–2.7
2.7
5.3
3.0
5.2
8.7
10.9
6.8
11.0
–0.8
1.8
1.9
11.2
2.8
7.1
1.4
3.6
–3.5
2.9
Government consumption expenditures
and gross investment..............................
1.1
0.5
–0.8
0.0
0.6
1.0
1.9
2.1
3.6
2.0
3.8
4.7
2.2
1.4
0.3
1.4
1.3
2.6
1.7
0.7
Federal ......................................................
–0.2
–1.8
–3.9
–3.8
–2.7
–1.2
–1.0
–1.1
1.9
0.5
4.1
7.3
6.6
4.1
1.3
2.1
1.2
7.2
6.0
4.5
National defense....................................
–1.1
–5.0
–5.3
–4.9
–3.7
–1.3
–2.8
–2.1
1.9
–0.5
3.8
7.4
8.7
5.7
1.5
1.6
2.2
7.5
5.8
3.3
Nondefense ...........................................
2.3
6.6
–0.7
–1.4
–0.4
–0.8
2.7
0.8
2.1
2.4
4.6
7.2
2.8
1.0
0.9
3.2
–0.8
6.5
6.5
7.1
State and local...........................................
2.1
2.2
1.5
2.6
2.7
2.3
3.6
3.9
4.5
2.8
3.7
3.3
–0.1
–0.2
–0.2
0.9
1.4
0.0
–0.9
–1.8
Addenda:
Final sales of domestic product.................
0.0
3.1
2.8
3.5
3.0
3.7
3.9
4.4
4.9
4.2
2.0
1.3
2.5
3.1
3.2
2.6
2.2
0.2
–2.6
1.4
Gross domestic purchases........................
–0.9
3.4
3.4
4.5
2.4
3.8
4.7
5.5
5.7
4.8
1.2
2.4
2.9
3.9
3.2
2.6
1.2
–1.5
–4.4
3.4
Final sales to domestic purchasers ...........
–0.6
3.1
3.3
3.8
2.8
3.8
4.2
5.6
5.8
4.9
2.1
1.9
2.8
3.5
3.3
2.5
1.4
–1.0
–3.6
1.8
Gross national product ..............................
–0.3
3.4
2.8
3.9
2.6
3.7
4.3
4.3
4.9
4.2
1.2
1.8
2.7
3.6
3.1
2.4
2.3
0.0
–3.6
3.3
Real disposable personal income..............
0.8
3.5
1.7
3.2
3.0
3.3
3.5
6.0
3.0
5.1
2.4
3.3
2.5
3.4
1.4
4.0
2.4
2.4
–2.3
1.8
Price indexes:
Gross domestic purchases....................
3.3
2.4
2.1
2.1
2.1
1.8
1.5
0.7
1.6
2.5
1.9
1.4
2.3
3.0
3.7
3.4
2.9
3.2
–0.1
1.5
Gross domestic purchases excluding
food and energy 1 ..............................
3.4
2.6
2.2
2.2
2.2
1.6
1.5
1.0
1.5
2.0
1.8
1.7
2.0
2.7
3.3
3.1
2.7
2.6
0.8
1.2
GDP.......................................................
3.5
2.4
2.2
2.1
2.1
1.9
1.8
1.1
1.5
2.2
2.3
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
GDP excluding food and energy 1 .........
3.5
2.5
2.2
2.1
2.1
1.8
1.8
1.2
1.6
2.2
2.0
1.8
2.0
2.8
3.5
3.3
2.8
2.4
0.8
1.4
Personal consumption expenditures......
3.6
2.9
2.2
2.1
2.2
2.2
1.9
1.0
1.6
2.5
1.9
1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
1.8
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.

Table 7A. Gross Domestic Product: Levels, Percent Change from Preceding Year, and Revision to Percent Change
Billions of dollars
Year

Gross
domestic
product

2002 .............
2003 .............
2004 .............
2005 .............
2006 .............
2007 .............
2008 .............
2009 .............
2010 .............

10,642.3
11,142.2
11,853.3
12,623.0
13,377.2
14,028.7
14,291.5
13,939.0
14,526.5

Personal
Gross
conExports of Imports of
private
sumption domestic goods and goods and
expendi- investment services services
tures
7,439.2
7,804.1
8,270.6
8,803.5
9,301.0
9,772.3
10,035.5
9,866.1
10,245.5

1,647.0
1,729.7
1,968.6
2,172.3
2,327.1
2,295.2
2,087.6
1,546.8
1,795.1

Revision to percent change from preceding year 2

Percent change from preceding year

1,003.0
1,041.0
1,180.2
1,305.1
1,471.0
1,661.7
1,846.8
1,583.0
1,839.8

Government 1

1,430.2
1,545.1
1,798.9
2,027.8
2,240.3
2,374.8
2,556.5
1,974.6
2,356.7

1,983.3
2,112.6
2,232.8
2,369.9
2,518.4
2,674.2
2,878.1
2,917.5
3,002.8

Gross
domestic
product

Personal
Gross
conExports of Imports of
private
sumption domestic goods and goods and
expendi- investment services services
tures

3.5
4.7
6.4
6.5
6.0
4.9
1.9
–2.5
4.2

4.1
4.9
6.0
6.4
5.7
5.1
2.7
–1.7
3.8

–0.9
5.0
13.8
10.3
7.1
–1.4
–9.0
–25.9
16.1

–2.4
3.8
13.4
10.6
12.7
13.0
11.1
–14.3
16.2

Government 1

2.3
8.0
16.4
12.7
10.5
6.0
7.7
–22.8
19.4

Personal
Gross
conExports of Imports of
private
sumption domestic goods and goods and
expendi- investment services services
tures

Gross
domestic
product

7.4
6.5
5.7
6.1
6.3
6.2
7.6
1.4
2.9

0.0
0.0
–0.1
0.0
0.0
0.0
–0.3
–0.8
0.4

0.0
0.0
–0.2
0.0
0.0
–0.1
–0.3
–0.7
0.3

0.0
0.0
0.0
0.0
0.0
0.0
–0.4
–1.7
1.1

0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.1
–0.2

Government 1

0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.3
–0.4

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0

1. Government consumption expenditures and gross investment
2. Revised percent change less the previously published percent change

Table 7B. Real Gross Domestic Product: Levels, Percent Change from Preceding Year, and Revision to Percent Change
Billions of chained (2005) dollars
Year

2002 .............
2003 .............
2004 .............
2005 .............
2006 .............
2007 .............
2008 .............
2009 .............
2010 .............

Personal Gross Exports of Imports of
Gross
conprivate
goods
Governdomestic sumption domestic goods
and
and
ment 1
product expendi- investservices
services
tures
ment
11,543.1
11,836.4
12,246.9
12,623.0
12,958.5
13,206.4
13,161.9
12,703.1
13,088.0

8,018.3
8,244.5
8,515.8
8,803.5
9,054.5
9,262.9
9,211.7
9,037.5
9,220.9

1,800.4
1,870.1
2,058.2
2,172.3
2,231.8
2,159.5
1,939.8
1,454.2
1,714.9

1,098.3
1,116.0
1,222.5
1,305.1
1,422.1
1,554.4
1,649.3
1,494.0
1,663.2

1,646.8
1,719.7
1,910.4
2,027.8
2,151.5
2,203.2
2,144.0
1,852.8
2,085.0

Revision to percent change from preceding year 2

Percent change from preceding year

Personal Gross Exports of Imports of
Personal Gross Exports of Imports of
Gross
conprivate
Gross
conprivate
goods
Govern- domestic
goods GovernResidual domestic sumption domestic goods
sumption
domestic goods
and
and
ment 1
and
and
ment 1
product expendi- investproduct expendi- investservices
services
services
services
tures
ment
tures
ment

2,279.6
2,330.5
2,362.0
2,369.9
2,402.1
2,434.2
2,497.4
2,539.6
2,556.8

–6.7
–5.0
–1.2
0.0
–0.5
–1.4
7.7
30.6
17.2

1.8
2.5
3.5
3.1
2.7
1.9
–0.3
–3.5
3.0

2.7
2.8
3.3
3.4
2.9
2.3
–0.6
–1.9
2.0

1. Government consumption expenditures and gross investment
2. Revised percent change less the previously published percent change
NOTE. Users are cautioned that particularly for components that exhibit rapid change in prices relative to other prices in

–1.4
3.9
10.1
5.5
2.7
–3.2
–10.2
–25.0
17.9

–2.0
1.6
9.5
6.7
9.0
9.3
6.1
–9.4
11.3

3.4
4.4
11.1
6.1
6.1
2.4
–2.7
–13.6
12.5

4.7
2.2
1.4
0.3
1.4
1.3
2.6
1.7
0.7

0.0
0.0
–0.1
0.0
0.0
0.0
–0.3
–0.9
0.1

0.0
0.0
–0.2
0.0
0.0
–0.1
–0.3
–0.7
0.3

0.0
0.3
0.1
0.0
0.0
–0.1
–0.7
–2.4
0.8

0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
–0.4

0.0
0.0
0.1
0.0
0.0
–0.3
–0.1
0.2
–0.1

0.0
0.0
0.0
0.0
0.0
0.0
–0.2
0.1
–0.3

the economy, the chained-lollar estimates should not be used to measure the component“s relative impor- tance or its
contribution to the growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in
real GDP, use table 2. See ”Explanatory Note" at the end of the text.

Table 7C. Chain-Type Price Indexes for Gross Domestic Product, Percent Change from Preceding Year, and Revision to Percent Change
Chain-type price indexes, 2000=100
Chain-type price indexes, 2005=100

Year

2002 .............
2003 .............
2004 .............
2005 .............
2006 .............
2007 .............
2008 .............
2009 .............
2010 .............

Revision to percent change from preceding year 2

Percent change from preceding year

Personal Gross Exports Imports
Personal Gross Exports Imports
Personal Gross Exports Imports
Gross
Gross
Gross
Gross
conprivate
Gross
conprivate of goods of goods Govern- domestic
Gross
conprivate of goods of goods Govern- domestic
of goods Govern- domestic domestic
domestic sumption domestic of goods
sumption
domestic
domestic
sumption
domestic
1
1
1
and
and
ment
purand
and
ment
purand
and
ment
purproduct expendi- invest- services
invest- services
invest- services
services
chases product expendiservices
chases product expendiservices
chases
tures
ment
tures
ment
tures
ment
92.192
94.134
96.784
100.000
103.237
106.231
108.565
109.732
111.000

92.778
94.658
97.121
100.000
102.723
105.499
108.943
109.169
111.112

91.451
92.483
95.633
100.000
104.302
106.313
107.501
106.401
104.743

91.322
93.282
96.539
100.000
103.440
106.900
111.975
105.959
110.617

86.846
89.851
94.164
100.000
104.131
107.785
119.237
106.571
113.032

87.003
90.650
94.531
100.000
104.842
109.863
115.245
114.883
117.445

1. Government consumption expenditures and gross investment
2. Revised percent change less the previously published percent change

91.498
93.584
96.415
100.000
103.354
106.402
109.858
109.803
111.438

1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2

1.4
2.0
2.6
3.0
2.7
2.7
3.3
0.2
1.8

0.4
1.1
3.4
4.6
4.3
1.9
1.1
–1.0
–1.6

–0.4
2.1
3.5
3.6
3.4
3.3
4.7
–5.4
4.4

–1.1
3.5
4.8
6.2
4.1
3.5
10.6
–10.6
6.1

2.6
4.2
4.3
5.8
4.8
4.8
4.9
–0.3
2.2

1.4
2.3
3.0
3.7
3.4
2.9
3.2
–0.1
1.5

0.0
–0.1
0.0
0.0
–0.1
0.0
0.0
0.2
0.2

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1

0.0
–0.3
–0.1
0.0
–0.1
0.1
0.4
1.0
0.1

0.0
–0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.2

0.0
0.0
0.0
0.0
0.0
0.2
0.2
0.1
–0.4

0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.3

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.2

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

2007
I

II

2008
III

IV

I

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

II

Gross domestic product
(GDP) ...................................
1.2
1.7
2.5
2.2
1.6
1.0
–0.6
–3.3
–4.5
–5.0
–3.7
–0.5
2.2
3.3
3.5
3.1
2.2
1.6
Personal consumption expenditures
(PCE)................................................
2.7
2.5
2.3
1.7
0.9
0.4
–1.0
–2.5
–2.7
–3.1
–1.6
–0.2
0.9
2.1
2.2
3.0
2.8
2.1
Goods...............................................
3.2
3.3
3.2
2.1
0.0
–0.3
–3.0
–6.5
–5.1
–5.8
–2.1
1.4
2.9
4.5
3.8
5.8
5.4
4.1
Durable goods ..............................
4.2
5.6
5.4
4.6
0.7
–1.4
–5.8
–13.0
–10.2
–10.4
–3.1
3.0
4.8
7.9
5.2
10.9
11.3
8.0
Nondurable goods ........................
2.6
2.1
2.0
0.8
–0.3
0.3
–1.5
–3.1
–2.5
–3.5
–1.6
0.6
2.1
2.9
3.2
3.5
2.7
2.2
Services ...........................................
2.5
2.0
1.9
1.4
1.3
0.8
0.1
–0.5
–1.4
–1.7
–1.3
–0.9
–0.1
0.9
1.4
1.6
1.5
1.1
Gross private domestic investment
–5.3
–3.1
–2.5
–2.0
–4.2
–7.7
–11.1
–17.8
–27.5
–31.0
–27.3
–12.8
9.4
23.7
25.5
14.0
7.4
3.1
Fixed investment...............................
–3.4
–2.1
–1.2
–1.0
–2.9
–5.0
–7.7
–13.1
–19.4
–22.0
–19.3
–14.1
–5.0
4.0
4.4
7.4
7.4
4.2
Nonresidential ..............................
5.0
5.9
7.1
7.9
6.0
2.8
–2.1
–9.4
–17.4
–20.4
–19.0
–14.4
–4.5
4.0
7.7
11.1
10.0
7.0
Structures.................................
11.0
12.2
15.6
17.3
14.6
10.2
3.4
–1.2
–10.5
–20.9
–24.5
–29.3
–27.4
–18.2
–12.6
–1.8
1.5
1.6
Equipment and software...........
2.8
3.2
3.4
3.9
2.3
–0.8
–4.8
–13.6
–20.9
–20.1
–16.0
–5.8
8.5
15.5
17.6
16.6
13.4
9.1
Residential....................................
–18.6
–17.4
–18.2
–20.7
–23.8
–24.3
–23.3
–24.4
–26.3
–27.8
–20.5
–12.9
–6.8
4.2
–7.8
–6.3
–2.9
–6.9
Change in private inventories ........... .............. .............. .............. ............. .............. .............. .............. ............. .............. .............. ............. .............. .............. .............. ............. .............. .............. ..............
Net exports of goods and services... .............. .............. .............. ............. .............. .............. .............. ............. .............. .............. ............. .............. .............. .............. ............. .............. .............. ..............
Exports .............................................
7.8
7.7
11.6
10.1
9.8
11.3
6.4
–2.5
–11.7
–14.4
–10.8
–0.1
10.7
13.5
12.5
8.8
8.9
7.9
Goods...........................................
8.3
8.3
11.6
10.7
9.9
11.5
7.5
–3.0
–14.8
–18.2
–13.6
–0.4
14.1
18.2
15.1
10.5
10.1
8.9
Services .......................................
6.5
6.4
11.6
8.6
9.8
11.0
3.7
–1.4
–4.6
–5.7
–4.1
0.4
3.8
4.1
7.2
5.0
6.2
5.7
Imports .............................................
3.7
3.1
2.1
0.8
–0.3
–1.4
–3.3
–5.9
–15.4
–18.3
–13.7
–6.5
6.9
16.9
15.9
10.7
9.6
4.7
Goods...........................................
4.1
3.3
2.0
1.1
–1.1
–2.0
–4.4
–7.9
–17.8
–21.4
–15.8
–6.9
8.1
20.4
18.5
12.7
11.5
5.6
Services .......................................
1.5
2.0
2.7
–0.7
4.1
2.1
3.0
5.5
–3.0
–2.6
–3.5
–4.7
1.7
3.1
4.9
1.9
1.4
0.6
Government consumption
expenditures and gross
investment.......................................
0.4
1.2
1.9
1.9
2.8
2.4
2.6
2.7
1.4
2.5
1.7
1.1
1.2
0.7
0.6
0.1
–1.1
–2.2
Federal .............................................
–1.9
0.7
3.1
3.1
6.8
6.3
6.8
8.8
5.4
7.8
6.3
4.6
6.2
4.9
4.2
2.9
–0.3
–1.9
National defense...........................
0.0
1.7
4.7
2.6
6.6
5.9
7.6
9.8
5.5
8.2
5.9
3.5
5.7
3.3
2.7
1.5
–2.0
–1.7
Nondefense ..................................
–5.5
–1.4
–0.1
4.2
7.3
7.0
4.9
6.8
5.2
6.8
7.1
6.9
7.2
8.2
7.5
5.7
3.1
–2.3
State and local..................................
1.8
1.4
1.2
1.2
0.5
0.2
0.2
–0.9
–0.9
–0.6
–1.0
–1.1
–1.8
–2.0
–1.7
–1.7
–1.5
–2.5
Addenda:
Final sales of domestic product........
1.6
1.9
2.7
2.4
1.8
1.5
0.0
–2.6
–3.3
–3.7
–2.6
–0.8
0.5
1.3
1.3
2.4
2.2
1.7
Gross domestic purchases...............
1.0
1.3
1.5
1.1
0.4
–0.5
–1.9
–3.9
–5.5
–6.0
–4.5
–1.5
1.9
4.0
4.2
3.6
2.6
1.3
Final sales to domestic purchasers
1.3
1.5
1.7
1.3
0.6
0.0
–1.3
–3.1
–4.3
–4.8
–3.4
–1.8
0.3
2.0
2.1
2.9
2.5
1.5
Gross national product .....................
1.1
1.7
3.0
3.1
2.4
1.7
–0.3
–3.8
–4.8
–5.2
–3.9
–0.2
2.4
3.7
3.8
3.2
2.6 ..............
Real disposable personal income.....
3.2
2.4
2.3
1.6
2.6
4.4
1.7
1.0
–1.4
–3.2
–2.3
–2.4
–0.3
1.0
3.0
3.5
2.5
1.3
Price indexes:
Gross domestic purchases...........
2.9
2.9
2.6
3.3
3.3
3.6
4.1
2.1
0.6
–0.4
–1.0
0.6
1.6
1.6
1.4
1.4
1.9
2.6
Gross domestic purchases
excluding food and energy 1 .....
3.0
2.7
2.5
2.6
2.5
2.8
3.0
2.2
1.4
0.8
0.3
0.7
1.1
1.2
1.3
1.2
1.4
1.7
GDP..............................................
3.3
3.1
2.6
2.6
2.1
2.0
2.5
2.1
1.9
1.2
0.5
0.7
0.6
1.1
1.4
1.6
1.8
2.0
GDP excluding food and energy 1
3.2
2.8
2.6
2.6
2.4
2.5
2.8
2.0
1.2
0.8
0.3
0.9
1.3
1.4
1.4
1.3
1.5
1.8
PCE ..............................................
2.4
2.5
2.4
3.5
3.4
3.7
4.2
1.7
0.3
–0.3
–0.6
1.5
2.4
2.0
1.5
1.3
1.8
2.5
PCE excluding food and energy 1
2.5
2.2
2.2
2.4
2.3
2.5
2.4
2.0
1.6
1.5
1.4
1.7
1.7
1.5
1.3
1.0
1.1
1.3
Market-based PCE 2 ....................
2.2
2.4
2.1
3.4
3.6
3.7
4.5
1.8
0.4
–0.1
–0.6
1.4
2.1
1.6
1.2
1.1
1.7
2.6
Market-based PCE excluding food
and energy 2 .............................
2.3
2.0
1.8
2.1
2.2
2.2
2.4
2.2
1.9
2.1
1.8
1.7
1.4
1.0
1.0
0.7
0.9
1.3
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price

measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final
consumption expenditures of nonprofit institutions serving households.

Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income
[Billions of dollars]
Seasonally adjusted at annual rates
2002

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

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

II

III

IV

10,642.3
313.5
264.4
10,691.4
1,305.0
–22.1
9,408.5
6,110.8
4,997.3
1,113.5

11,142.2
353.3
284.6
11,210.9
1,354.1
16.7
9,840.2
6,382.6
5,154.6
1,228.0

11,853.3
448.6
357.4
11,944.5
1,432.8
–22.3
10,534.0
6,693.4
5,410.7
1,282.7

12,623.0
573.0
475.9
12,720.1
1,541.4
–95.1
11,273.8
7,065.0
5,706.0
1,359.1

13,377.2
721.1
648.6
13,449.6
1,660.7
–242.3
12,031.2
7,477.0
6,070.1
1,406.9

14,028.7
871.0
747.7
14,151.9
1,767.5
–12.0
12,396.4
7,855.9
6,415.5
1,440.4

14,291.5
856.1
686.9
14,460.7
1,854.1
–2.4
12,609.1
8,068.3
6,545.9
1,522.5

13,939.0
639.8
487.5
14,091.2
1,866.2
77.4
12,147.6
7,806.4
6,275.3
1,531.1

14,526.5
702.9
513.5
14,715.9
1,874.9
0.8
12,840.1
7,971.4
6,408.2
1,563.1

13,758.5
797.6
727.4
13,828.8
1,733.9
–166.6
12,261.4
7,756.4
6,328.1
1,428.3

13,976.8
862.6
783.1
14,056.3
1,757.6
–62.2
12,360.9
7,814.4
6,382.8
1,431.6

14,126.2
905.6
760.8
14,270.9
1,778.2
85.6
12,407.1
7,868.5
6,427.6
1,441.0

14,253.2
918.0
719.4
14,451.8
1,800.3
95.2
12,556.3
7,984.3
6,523.4
1,460.9

890.3
218.7

930.6
204.2

1,033.8
198.4

1,069.8
178.2

1,133.0
146.5

1,090.4
143.7

1,097.9
231.6

941.2
305.9

1,036.4
350.2

1,103.0
122.4

1,090.0
139.8

1,079.3
146.8

1,089.1
165.9

872.2
506.4
721.4
82.4
6.3

977.8
504.1
757.7
76.1
7.0

1,246.9
461.6
817.0
81.7
1.2

1,456.1
543.0
869.3
95.9
–3.5

1,608.3
652.2
935.5
83.0
–4.2

1,510.6
731.6
972.6
103.3
–11.8

1,248.4
870.1
985.7
123.0
–16.0

1,362.0
656.7
958.2
132.0
–14.9

1,800.1
564.3
996.7
136.7
–15.7

1,515.5
703.9
964.7
105.6
–10.1

1,565.3
693.7
965.8
102.9
–11.0

1,501.0
743.3
975.1
104.4
–11.2

1,460.8
785.6
984.9
100.4
–14.8

10,664.4

11,125.5

11,875.6

12,718.0

13,619.5

14,040.7

14,294.0

13,861.5

14,525.7

13,925.1

14,039.1

14,040.6

14,157.9

Seasonally adjusted at annual rates
2008
I
Gross domestic product .....................................................................
Plus: Income receipts from the rest of the world ...................................
Less: Income payments to the rest of the world ....................................
Equals: Gross national product .........................................................
Less: Consumption of fixed capital........................................................
Less: Statistical discrepancy .................................................................
Equals: National income.....................................................................
Compensation of employees .............................................................
Wage and salary accruals .............................................................
Supplements to wages and salaries..............................................
Proprietors’ income with inventory valuation and capital
consumption adjustments..............................................................
Rental income of persons with capital consumption adjustment.......
Corporate profits with inventory valuation and capital consumption
adjustments ...................................................................................
Net interest and miscellaneous payments.........................................
Taxes on production and imports less subsidies ...............................
Business current transfer payments (net)..........................................
Current surplus of government enterprises.......................................
Addendum:
Gross domestic income.....................................................................

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

IV

I

14,273.9 14,415.5 14,395.1 14,081.7 13,893.7 13,854.1 13,920.5 14,087.4 14,277.9 14,467.8 14,605.5 14,755.0 14,867.8
905.6
899.3
875.3
744.2
624.6
621.2
636.9
676.5
674.0
699.0
708.9
729.4
752.1
726.9
718.0
676.3
626.4
491.9
480.8
473.2
504.2
504.6
502.8
501.6
545.0
525.0
14,452.5 14,596.8 14,594.0 14,199.5 14,026.4 13,994.4 14,084.2 14,259.8 14,447.4 14,664.0 14,812.8 14,939.4 15,094.9
1,817.4 1,842.7 1,869.6 1,886.5 1,885.2 1,868.4 1,854.1 1,857.1 1,858.6 1,866.9 1,878.2 1,896.1 1,914.3
–58.8
29.1
–8.6
28.5
42.1
90.3
104.1
73.2
–7.2
–6.6
–7.4
24.5
–32.5
12,693.9 12,724.9 12,733.1 12,284.4 12,099.2 12,035.7 12,126.1 12,329.5 12,595.9 12,803.7 12,942.1 13,018.8 13,213.2
8,099.0 8,073.4 8,084.7 8,016.1 7,830.1 7,809.2 7,781.9 7,804.4 7,852.5 7,960.0 8,022.2 8,050.8 8,153.1
6,600.5 6,554.9 6,550.6 6,477.4 6,300.5 6,278.2 6,251.3 6,271.4 6,301.6 6,399.8 6,454.5 6,477.0 6,559.8
1,498.5 1,518.5 1,534.1 1,538.7 1,529.6 1,531.1 1,530.6 1,533.0 1,550.9 1,560.2 1,567.7 1,573.7 1,593.2

II
15,003.8
................
................
................
1,939.6
................
................
8,230.0
6,626.8
1,603.2

1,113.7
188.9

1,127.2
218.5

1,104.0
243.5

1,046.7
275.6

960.2
278.8

926.9
299.7

929.3
319.3

948.5
325.9

981.7
344.1

1,025.6
349.1

1,057.0
352.8

1,081.5
354.8

1,095.6
385.0

1,105.3
397.1

1,360.0
843.7
983.2
120.8
–15.2

1,333.7
875.1
995.4
117.3
–15.9

1,328.6
878.0
994.2
116.1
–16.1

971.2
883.7
970.1
137.8
–16.8

1,175.2
782.9
951.7
137.0
–16.8

1,262.3
656.4
955.0
141.5
–15.3

1,438.8
596.6
952.0
122.2
–14.0

1,571.6
591.0
974.2
127.5
–13.6

1,724.2
589.1
984.5
134.6
–14.7

1,785.8
569.2
993.8
135.7
–15.5

1,833.1
550.1
1,002.0
140.9
–16.0

1,857.4
548.7
1,006.4
135.7
–16.5

1,876.4 ................
556.6
522.6
1,027.3 1,037.5
134.7
134.8
–15.6
–14.4

14,332.7 14,386.3 14,403.7 14,053.2 13,851.7 13,763.7 13,816.5 14,014.2 14,285.1 14,474.4 14,612.9 14,730.5 14,900.3 ................

Table 10. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007

9,060.1
6,110.8
4,997.3
1,113.5

9,378.1
6,367.6
5,139.6
1,228.0

9,937.2
6,708.4
5,425.7
1,282.7

10,485.9
7,060.0
5,701.0
1,359.1

11,268.1
7,475.7
6,068.9
1,406.9

11,912.3
7,862.2
6,421.7
1,440.4

12,460.2
8,073.3
6,550.9
1,522.5

11,930.2
7,801.4
6,270.3
1,531.1

12,373.5
7,971.4
6,408.2
1,563.1

11,714.3
7,781.4
6,353.1
1,428.3

11,839.0
7,814.4
6,382.8
1,431.6

11,954.4
7,868.5
6,427.6
1,441.0

12,141.4
7,984.3
6,523.4
1,460.9

890.3
18.5
871.8
218.7
1,309.6
911.9
397.7
1,282.1
751.5
1,050.4
8,009.7
7,727.5
282.2
3.5

930.6
36.5
894.1
204.2
1,312.9
889.8
423.1
1,341.7
778.9
1,000.3
8,377.8
8,088.1
289.6
3.5

1,033.8
49.7
984.1
198.4
1,408.5
860.2
548.3
1,415.5
827.3
1,047.8
8,889.4
8,571.2
318.2
3.6

1,069.8
43.9
1,025.9
178.2
1,542.0
987.0
555.0
1,508.6
872.7
1,208.6
9,277.3
9,134.1
143.2
1.5

1,133.0
29.3
1,103.6
146.5
1,829.7
1,127.5
702.2
1,605.0
921.8
1,352.4
9,915.7
9,659.1
256.6
2.6

1,090.4
37.8
1,052.6
143.7
2,057.0
1,265.1
791.9
1,718.5
959.5
1,488.7
10,423.6
10,174.9
248.7
2.4

1,097.9
51.8
1,046.1
231.6
2,165.4
1,382.0
783.4
1,879.2
987.3
1,435.7
11,024.5
10,432.2
592.3
5.4

941.2
39.2
902.0
305.9
1,707.7
1,108.9
598.8
2,138.1
964.1
1,141.4
10,788.8
10,236.3
552.6
5.1

1,036.4
52.2
984.2
350.2
1,721.2
1,003.4
717.7
2,281.2
986.8
1,193.9
11,179.7
10,586.9
592.8
5.3

1,103.0
36.2
1,066.8
122.4
1,959.2
1,205.4
753.8
1,701.6
953.4
1,458.7
10,255.5
9,983.8
271.7
2.6

1,090.0
34.1
1,056.0
139.8
2,050.4
1,248.5
801.8
1,698.6
954.2
1,480.4
10,358.6
10,121.6
237.0
2.3

1,079.3
35.0
1,044.3
146.8
2,098.7
1,291.6
807.1
1,719.8
958.7
1,497.5
10,456.9
10,234.1
222.8
2.1

1,089.1
45.9
1,043.3
165.9
2,119.8
1,315.0
804.8
1,753.8
971.6
1,518.0
10,623.4
10,360.1
263.3
2.5

8,383.4
8,633.2

8,489.8
8,850.5

8,774.3
9,152.9

8,977.3
9,277.3

9,406.9
9,652.8

9,662.5
9,880.3

9,712.3
10,119.5

8,969.7
9,882.7

9,083.0
10,061.6

9,603.3
9,836.3

9,643.4
9,851.0

9,679.5
9,889.7

9,723.4
9,944.1

IV

I

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

II

III

IV

Seasonally adjusted at annual rates
2008
I
1

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

II

2009
III

IV

I

II

2010
III

IV

I

II

2011
III

II

12,415.6 12,571.7 12,513.3 12,340.0 11,964.4 11,944.1 11,874.1 11,938.2 12,137.7 12,325.6 12,453.2 12,577.6 12,829.5 12,962.0
8,099.0 8,073.4 8,084.7 8,036.1 7,810.1 7,809.2 7,781.9 7,804.4 7,852.5 7,960.0 8,022.2 8,050.8 8,153.1 8,230.0
6,600.5 6,554.9 6,550.6 6,497.4 6,280.5 6,278.2 6,251.3 6,271.4 6,301.6 6,399.8 6,454.5 6,477.0 6,559.8 6,626.8
1,498.5 1,518.5 1,534.1 1,538.7 1,529.6 1,531.1 1,530.6 1,533.0 1,550.9 1,560.2 1,567.7 1,573.7 1,593.2 1,603.2
1,113.7 1,127.2 1,104.0 1,046.7
960.2
926.9
929.3
948.5
981.7 1,025.6 1,057.0 1,081.5 1,095.6 1,105.3
60.5
55.3
46.6
44.6
37.1
38.7
39.5
41.4
44.6
45.8
58.3
60.1
66.1
68.2
1,053.1 1,071.9 1,057.4 1,002.1
923.1
888.2
889.9
907.0
937.1
979.7
998.7 1,021.4 1,029.5 1,037.2
188.9
218.5
243.5
275.6
278.8
299.7
319.3
325.9
344.1
349.1
352.8
354.8
385.0
397.1
2,205.0 2,203.1 2,197.5 2,056.0 1,851.5 1,707.5 1,635.7 1,636.0 1,693.3 1,724.5 1,723.4 1,743.5 1,777.2 1,803.2
1,372.0 1,402.7 1,420.0 1,333.3 1,194.9 1,129.7 1,073.1 1,038.0 1,026.1 1,014.1
983.9
989.6 1,004.7 1,015.8
832.9
800.4
777.5
722.8
656.6
577.8
562.6
598.0
667.2
710.4
739.4
753.9
772.5
787.5
1,798.9 1,936.1 1,872.2 1,909.7 2,029.8 2,167.7 2,170.1 2,184.9 2,242.1 2,252.1 2,289.4 2,341.2 2,328.1 2,344.8
989.8
986.6
988.7
984.2
966.0
966.9
962.1
961.5
976.0
985.7
991.5
994.1
909.4
918.5
1,536.0 1,351.8 1,432.1 1,422.8 1,198.0 1,120.3 1,120.6 1,126.4 1,146.4 1,175.4 1,212.8 1,240.9 1,363.2 1,385.8
10,879.6 11,220.0 11,081.2 10,917.3 10,766.3 10,823.8 10,753.5 10,811.7 10,991.3 11,150.2 11,240.4 11,336.7 11,466.3 11,576.2
10,424.5 10,529.4 10,538.4 10,236.3 10,155.2 10,153.4 10,285.3 10,351.2 10,457.2 10,527.0 10,614.8 10,748.6 10,902.1 10,985.6
455.0
690.6
542.8
680.9
611.1
670.3
468.2
460.5
534.1
623.3
625.6
588.1
564.3
590.6
4.2
6.2
4.9
6.2
5.7
6.2
4.4
4.3
4.9
5.6
5.6
5.2
4.9
5.1
9,843.7 9,752.6 9,654.4 9,599.7
10,087.4 10,288.5 10,053.7 10,047.9

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, current surplus of government enterprises, and

9,182.2
9,951.0

8,993.8
9,957.3

8,861.3
9,819.6

8,845.5
9,805.4

8,933.4 9,086.5 9,145.7 9,166.7 9,314.4 9,344.5
9,922.5 10,057.8 10,114.4 10,152.0 10,170.2 10,188.6

wage accruals less disbursements, plus personal income receipts on assets, and personal current transfer receipts.
2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.

Table 11A. Corporate Profits
[Billions of dollars]
Seasonally adjusted at annual rates
2007

2008

2009

2010

2007
I

Corporate profits with inventory valuation and capital consumption adjustments...............
Less: Taxes on corporate income...................................................................................................
Equals: Profits after tax with inventory valuation and capital consumption adjustments....
Net dividends .............................................................................................................................
Undistributed profits with inventory valuation and capital consumption adjustments.................
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment ..............................................................
Undistributed profits with inventory valuation and capital consumption adjustments.............
Consumption of fixed capital ..................................................................................................
Less: Capital transfers paid (net) ...........................................................................................
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments) ..............
Profits after tax (without inventory valuation and capital consumption adjustments) .................
Inventory valuation adjustment...................................................................................................
Capital consumption adjustment ................................................................................................

II

2008
III

IV

I

II

1,510.6
445.5
1,065.2
794.5
270.7

1,248.4
309.0
939.4
786.9
152.5

1,362.0
272.4
1,089.6
620.0
469.6

1,800.1
411.1
1,389.1
737.3
651.7

1,515.5
474.1
1,041.4
756.5
284.9

1,565.3
467.9
1,097.4
804.4
293.0

1,501.0
431.0
1,070.0
809.7
260.2

1,460.8
408.8
1,052.0
807.4
244.6

1,360.0
355.2
1,004.8
835.9
168.9

1,333.7
344.1
989.7
803.4
186.3

1,244.1
270.7
973.4
0.0

1,245.2
152.5
1,028.5
–64.2

1,583.6
469.6
1,030.4
–83.6

1,699.0
651.7
1,027.1
–20.2

1,244.1
284.9
959.2
0.0

1,262.0
293.0
968.9
0.0

1,237.6
260.2
977.4
0.0

1,232.6
244.6
988.0
0.0

1,172.0
168.9
1,003.0
–0.1

1,207.6
186.3
1,021.2
–0.1

1,738.4
1,292.9
–47.2
–180.5

1,359.9
1,050.9
–44.5
–67.1

1,455.7
1,183.3
0.6
–94.3

1,819.5
1,408.4
–39.1
19.7

1,738.6
1,264.4
–50.3
–172.8

1,783.5
1,315.6
–34.8
–183.3

1,715.1
1,284.1
–29.1
–185.1

1,716.3
1,307.5
–74.8
–180.7

1,543.5
1,188.3
–131.3
–52.3

1,552.4
1,208.3
–155.4
–63.2

Seasonally adjusted at annual rates
2008
III
Corporate profits with inventory valuation and capital consumption adjustments...............
Less: Taxes on corporate income...................................................................................................
Equals: Profits after tax with inventory valuation and capital consumption adjustments....
Net dividends .............................................................................................................................
Undistributed profits with inventory valuation and capital consumption adjustments.................
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment ..............................................................
Undistributed profits with inventory valuation and capital consumption adjustments.............
Consumption of fixed capital ..................................................................................................
Less: Capital transfers paid (net) ...........................................................................................
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments) ..............
Profits after tax (without inventory valuation and capital consumption adjustments) .................
Inventory valuation adjustment...................................................................................................
Capital consumption adjustment ................................................................................................

1,328.6
312.5
1,016.1
780.5
235.5

2009
IV

I

II

971.2 1,175.2 1,262.3
224.3
208.8
244.8
746.9
966.4 1,017.5
727.6
671.9
600.9
19.2
294.5
416.6

2010
III

IV

I

II

2011
III

IV

I

1,438.8 1,571.6 1,724.2 1,785.8 1,833.1 1,857.4 1,876.4
301.6
334.4
409.7
399.6
430.3
404.7
422.3
1,137.3 1,237.2 1,314.5 1,386.3 1,402.8 1,452.7 1,454.1
584.1
623.0
684.8
729.3
760.5
774.8
793.8
553.1
614.2
629.7
657.0
642.3
677.9
660.3

1,261.1 1,339.9 1,562.8 1,587.1 1,526.1 1,658.2 1,651.8 1,750.5 1,688.9 1,704.9 1,726.0
235.5
19.2
294.5
416.6
553.1
614.2
629.7
657.0
642.3
677.9
660.3
1,039.9 1,049.9 1,045.3 1,033.1 1,022.5 1,020.6 1,018.0 1,023.5 1,028.5 1,038.3 1,048.0
14.3 –270.8 –223.1 –137.4
49.5
–23.5
–4.1
–70.0
–18.0
11.3
–17.7
1,475.8
1,163.3
–72.7
–74.5

868.0 1,209.3 1,343.8
643.7 1,000.4 1,099.0
181.6
76.5
15.9
–78.4 –110.5
–97.4

1,545.7 1,723.9 1,825.3 1,865.5 1,844.5 1,742.5 1,877.1
1,244.2 1,389.5 1,415.6 1,465.9 1,414.2 1,337.8 1,454.8
–20.7
–69.3
–28.4
–5.6
–32.0
–90.3 –116.0
–86.2
–83.0
–72.7
–74.1
20.5
205.2
115.4

Table 11B. Corporate Profits: Percent Change From Preceding Period
Quarterly rates
2007

2008

2009

2010

2007
I

II

2008
III

IV

I

II

Corporate profits with inventory valuation and capital consumption adjustments...............
–6.1
–17.4
9.1
32.2
–4.7
3.3
–4.1
–2.7
–6.9
–1.9
Less: Taxes on corporate income...................................................................................................
–5.9
–30.6
–11.9
50.9
2.9
–1.3
–7.9
–5.2
–13.1
–3.1
Equals: Profits after tax with inventory valuation and capital consumption adjustments....
–6.2
–11.8
16.0
27.5
–7.7
5.4
–2.5
–1.7
–4.5
–1.5
Net dividends .............................................................................................................................
12.7
–1.0
–21.2
18.9
0.3
6.3
0.7
–0.3
3.5
–3.9
Undistributed profits with inventory valuation and capital consumption adjustments.................
–37.1
–43.7
207.9
38.8
–23.9
2.9
–11.2
–6.0
–30.9
10.3
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment ..............................................................
–8.3
0.1
27.2
7.3
–5.9
1.4
–1.9
–0.4
–4.9
3.0
Undistributed profits with inventory valuation and capital consumption adjustments.............
–37.1
–43.7
207.9
38.8
–23.9
2.9
–11.2
–6.0
–30.9
10.3
Consumption of fixed capital ..................................................................................................
5.1
5.7
0.2
–0.3
1.3
1.0
0.9
1.1
1.5
1.8
Less: Capital transfers paid (net) ........................................................................................... ............... ............... .............. ............... ............... ............... ............... ............... ............... ...............
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments) ..............
–4.6
–21.8
7.0
25.0
–2.9
2.6
–3.8
0.1
–10.1
0.6
Profits after tax (without inventory valuation and capital consumption adjustments) .................
–4.2
–18.7
12.6
19.0
–4.9
4.0
–2.4
1.8
–9.1
1.7
Inventory valuation adjustment................................................................................................... ............... ............... .............. ............... ............... ............... ............... ............... ............... ...............
Capital consumption adjustment ................................................................................................ ............... ............... .............. ............... ............... ............... ............... ............... ............... ...............

Quarterly rates
2008
III

2009
IV

I

II

2010
III

IV

I

II

2011
III

IV

I

Corporate profits with inventory valuation and capital consumption adjustments...............
–0.4
–26.9
21.0
7.4
14.0
9.2
9.7
3.6
2.6
1.3
1.0
Less: Taxes on corporate income...................................................................................................
–9.2
–28.2
–6.9
17.2
23.2
10.9
22.5
–2.5
7.7
–5.9
4.3
Equals: Profits after tax with inventory valuation and capital consumption adjustments....
2.7
–26.5
29.4
5.3
11.8
8.8
6.2
5.5
1.2
3.6
0.1
Net dividends .............................................................................................................................
–2.8
–6.8
–7.7
–10.6
–2.8
6.7
9.9
6.5
4.3
1.9
2.5
Undistributed profits with inventory valuation and capital consumption adjustments.................
26.4
–91.8 1,431.6
41.5
32.8
11.0
2.5
4.3
–2.2
5.5
–2.6
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment ..............................................................
4.4
6.2
16.6
1.5
–3.8
8.7
–0.4
6.0
–3.5
1.0
1.2
Undistributed profits with inventory valuation and capital consumption adjustments.............
26.4
–91.8 1,431.6
41.5
32.8
11.0
2.5
4.3
–2.2
5.5
–2.6
Consumption of fixed capital ..................................................................................................
1.8
1.0
–0.4
–1.2
–1.0
–0.2
–0.3
0.5
0.5
0.9
0.9
Less: Capital transfers paid (net) ........................................................................................... ............. .............. ............. ............. .............. ............. ............. .............. ............. ............. ..............
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments) ..............
–4.9
–41.2
39.3
11.1
15.0
11.5
5.9
2.2
–1.1
–5.5
7.7
Profits after tax (without inventory valuation and capital consumption adjustments) .................
–3.7
–44.7
55.4
9.9
13.2
11.7
1.9
3.6
–3.5
–5.4
8.7
Inventory valuation adjustment................................................................................................... ............. .............. ............. ............. .............. ............. ............. .............. ............. ............. ..............
Capital consumption adjustment ................................................................................................ ............. .............. ............. ............. .............. ............. ............. .............. ............. ............. ..............

Table 12A. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
2007

2008

2009

2010

2007
I

Corporate profits with inventory valuation and capital
consumption adjustments .............................................................
Domestic industries ....................................................................................
Financial....................................................................................................
Nonfinancial ..............................................................................................
Rest of the world .........................................................................................
Receipts from the rest of the world ...........................................................
Less: Payments to the rest of the world ....................................................
Corporate profits with inventory valuation adjustment...................
Domestic industries ....................................................................................
Financial....................................................................................................
Federal Reserve banks .........................................................................
Other financial .......................................................................................
Nonfinancial ..............................................................................................
Utilities...................................................................................................
Manufacturing........................................................................................
Durable goods...................................................................................
Fabricated metal products.............................................................
Machinery .....................................................................................
Computer and electronic products ................................................
Electrical equipment, appliances, and components......................
Motor vehicles, bodies and trailers, and parts...............................
Other durable goods .....................................................................
Nondurable goods.............................................................................
Food and beverage and tobacco products ....................................
Petroleum and coal products.........................................................
Chemical products ........................................................................
Other nondurable goods ...............................................................
Wholesale trade ....................................................................................
Retail trade............................................................................................
Transportation and warehousing ...........................................................
Information ............................................................................................
Other nonfinancial .................................................................................
Rest of the world .........................................................................................

1,510.6
1,159.8
323.8
835.9
350.9
510.6
159.7
1,691.1
1,340.2
345.5
36.0
309.5
994.7
50.3
271.3
96.1
20.5
22.1
11.0
–1.2
–16.4
60.2
175.2
30.7
73.5
48.3
22.7
99.9
117.8
27.7
93.6
334.2
350.9

1,248.4
841.8
86.8
755.0
406.6
581.9
175.3
1,315.5
908.9
122.2
35.1
87.1
786.7
30.7
195.5
56.8
15.8
16.6
12.2
4.6
–33.1
40.7
138.6
29.9
77.8
23.9
7.1
86.3
81.6
31.9
75.1
285.7
406.6

1,362.0
1,001.6
359.5
642.1
360.4
490.4
130.0
1,456.3
1,095.9
401.8
47.3
354.5
694.1
22.2
125.2
20.5
10.5
7.8
15.4
8.4
–45.1
23.6
104.7
41.5
9.4
38.3
15.5
83.3
106.0
23.5
81.2
252.8
360.4

1,800.1
1,418.2
466.7
951.5
381.9
569.6
187.7
1,780.4
1,398.5
494.7
71.6
423.2
903.7
25.0
217.1
95.0
11.7
15.3
39.5
7.0
–12.7
34.1
122.1
37.8
36.0
34.7
13.7
85.8
122.6
34.4
87.7
331.2
381.9

2008

II

1,515.5
1,227.5
345.1
882.4
288.0
465.8
177.8
1,688.3
1,400.3
364.0
36.0
328.0
1,036.3
54.7
289.5
108.5
18.7
22.5
16.4
2.8
–13.5
61.6
181.0
30.1
68.2
57.2
25.5
105.1
121.0
28.1
95.3
342.6
288.0

1,565.3
1,252.8
358.9
893.9
312.5
498.7
186.2
1,748.7
1,436.2
379.9
36.6
343.3
1,056.3
50.6
303.2
95.6
19.8
23.9
8.8
–2.9
–9.3
55.4
207.6
33.7
110.1
42.6
21.2
108.9
131.1
29.7
87.8
344.9
312.5

III

IV

I

1,501.0
1,127.1
343.8
783.3
373.9
528.4
154.6
1,686.0
1,312.2
366.3
36.2
330.1
945.8
57.3
229.8
79.5
20.6
21.8
11.0
–4.8
–27.9
58.6
150.3
29.6
60.4
37.8
22.5
104.7
114.1
28.9
89.3
321.7
373.9

1,460.8
1,031.6
247.5
784.2
429.1
549.5
120.3
1,641.5
1,212.4
271.8
35.2
236.6
940.6
38.6
262.7
100.7
22.8
20.1
7.6
0.2
–15.1
65.2
161.9
29.6
55.3
55.4
21.6
80.9
105.0
24.1
102.0
327.4
429.1

II

1,360.0
941.9
217.4
724.5
418.1
599.5
181.4
1,412.3
994.1
240.6
34.3
206.3
753.5
16.5
205.6
84.8
17.5
18.5
16.7
1.0
–18.3
49.3
120.9
22.3
70.8
16.4
11.4
57.9
75.3
26.9
91.1
280.2
418.1

1,333.7
915.0
183.2
731.8
418.7
619.0
200.3
1,397.0
978.3
217.1
29.9
187.2
761.1
–13.0
174.4
46.6
12.3
15.2
8.2
4.9
–37.5
43.5
127.7
29.0
49.9
41.8
7.1
64.2
80.9
35.3
107.1
312.3
418.7

Seasonally adjusted at annual rates
2008
III
Corporate profits with inventory valuation and capital
consumption adjustments .............................................................
Domestic industries ....................................................................................
Financial....................................................................................................
Nonfinancial ..............................................................................................
Rest of the world .........................................................................................
Receipts from the rest of the world ...........................................................
Less: Payments to the rest of the world ....................................................
Corporate profits with inventory valuation adjustment...................
Domestic industries ....................................................................................
Financial....................................................................................................
Federal Reserve banks .........................................................................
Other financial .......................................................................................
Nonfinancial ..............................................................................................
Utilities...................................................................................................
Manufacturing........................................................................................
Durable goods...................................................................................
Fabricated metal products.............................................................
Machinery .....................................................................................
Computer and electronic products ................................................
Electrical equipment, appliances, and components......................
Motor vehicles, bodies and trailers, and parts...............................
Other durable goods .....................................................................
Nondurable goods.............................................................................
Food and beverage and tobacco products ....................................
Petroleum and coal products.........................................................
Chemical products ........................................................................
Other nondurable goods ...............................................................
Wholesale trade ....................................................................................
Retail trade............................................................................................
Transportation and warehousing ...........................................................
Information ............................................................................................
Other nonfinancial .................................................................................
Rest of the world .........................................................................................

1,328.6
889.2
38.3
850.9
439.4
600.7
161.3
1,403.1
963.7
79.4
33.4
46.0
884.3
86.3
220.6
71.9
13.7
15.2
12.1
8.3
–24.9
47.6
148.7
35.0
88.1
23.7
1.9
89.2
85.0
32.2
79.1
292.0
439.4

2009
IV
971.2
621.1
–91.9
713.0
350.1
508.3
158.2
1,049.6
699.5
–48.3
42.7
–91.0
747.8
33.1
181.3
24.0
19.6
17.4
11.8
4.3
–51.6
22.4
157.3
33.1
102.5
13.8
7.9
133.8
85.1
33.2
23.0
258.2
350.1

NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).

I
1,175.2
815.2
195.2
619.9
360.1
455.3
95.2
1,285.7
925.7
241.3
27.1
214.2
684.4
18.2
109.2
0.1
16.2
10.1
7.0
8.8
–64.1
22.2
109.1
39.2
29.5
29.6
10.8
102.7
101.6
24.4
75.7
252.5
360.1

II
1,262.3
917.7
351.6
566.1
344.6
466.5
121.8
1,359.7
1,015.1
395.0
43.3
351.7
620.1
21.6
107.4
7.9
11.4
6.7
15.2
7.7
–53.6
20.4
99.5
44.1
–4.5
43.2
16.6
77.4
103.8
13.6
70.8
225.6
344.6

2010
III
1,438.8
1,076.3
441.0
635.2
362.6
496.0
133.5
1,525.0
1,162.5
481.2
54.2
427.0
681.2
15.5
130.8
22.2
8.6
5.9
17.0
7.9
–37.1
19.9
108.6
43.6
3.3
44.6
17.1
73.0
107.7
27.0
80.2
247.1
362.6

IV
1,571.6
1,197.3
450.1
747.2
374.3
543.8
169.5
1,654.6
1,280.3
489.6
64.7
425.0
790.6
33.4
153.4
51.7
5.9
8.3
22.3
9.0
–25.5
31.7
101.7
39.1
9.5
35.6
17.5
79.9
110.9
29.2
97.9
285.8
374.3

I
1,724.2
1,355.3
441.9
913.3
368.9
545.5
176.6
1,797.0
1,428.0
479.8
71.5
408.3
948.2
46.5
216.2
99.8
11.4
13.3
39.5
8.8
–14.9
41.7
116.5
41.1
31.3
28.8
15.3
93.4
128.6
32.5
91.4
339.6
368.9

II
1,785.8
1,395.2
452.7
942.5
390.6
565.9
175.3
1,859.9
1,469.3
490.6
73.9
416.7
978.7
18.2
237.3
100.4
9.3
14.3
37.4
9.3
–6.9
36.9
136.9
40.8
52.8
29.4
13.9
111.0
125.4
37.7
93.5
355.6
390.6

2011
III
1,833.1
1,437.8
460.0
977.8
395.3
575.5
180.3
1,812.6
1,417.3
487.8
71.4
416.4
929.5
28.0
227.2
95.2
12.5
16.8
39.0
7.6
–9.9
29.2
132.0
39.6
31.7
45.5
15.2
89.4
119.0
39.3
86.6
340.0
395.3

IV
1,857.4
1,484.5
512.0
972.6
372.9
591.6
218.8
1,652.2
1,279.3
520.8
69.5
451.3
758.5
7.1
187.7
84.5
13.5
16.9
41.9
2.4
–19.1
28.8
103.2
29.6
28.4
35.0
10.2
49.5
117.3
28.2
79.1
289.6
372.9

I
1,876.4
1,465.7
473.3
992.3
410.8
611.9
201.1
1,761.1
1,350.3
491.5
72.7
418.8
858.8
14.9
217.6
90.8
14.6
20.0
29.0
4.3
–12.0
34.8
126.9
33.5
37.9
36.1
19.3
71.6
120.2
23.5
98.9
312.0
410.8

Table 12B. Corporate Profits by Industry: Change From Preceding Period
[Billions of dollars]
Change from preceding period
2007

Corporate profits with inventory valuation and capital
consumption adjustments .............................................................
Domestic industries ....................................................................................
Financial....................................................................................................
Nonfinancial ..............................................................................................
Rest of the world .........................................................................................
Receipts from the rest of the world ...........................................................
Less: Payments to the rest of the world ....................................................
Corporate profits with inventory valuation adjustment...................
Domestic industries ....................................................................................
Financial....................................................................................................
Federal Reserve banks .........................................................................
Other financial .......................................................................................
Nonfinancial ..............................................................................................
Utilities...................................................................................................
Manufacturing........................................................................................
Durable goods...................................................................................
Fabricated metal products.............................................................
Machinery .....................................................................................
Computer and electronic products ................................................
Electrical equipment, appliances, and components......................
Motor vehicles, bodies and trailers, and parts...............................
Other durable goods .....................................................................
Nondurable goods.............................................................................
Food and beverage and tobacco products ....................................
Petroleum and coal products.........................................................
Chemical products ........................................................................
Other nondurable goods ...............................................................
Wholesale trade ....................................................................................
Retail trade............................................................................................
Transportation and warehousing ...........................................................
Information ............................................................................................
Other nonfinancial .................................................................................
Rest of the world .........................................................................................

2008

–97.7
–191.7
–103.8
–88.0
94.1
76.2
–17.9
–93.6
–187.6
–102.5
2.2
–104.6
–85.2
–4.1
–33.2
–22.8
1.8
2.9
–6.4
–12.7
–9.6
1.3
–10.5
–1.8
–3.1
–4.2
–1.3
–3.8
–15.4
–14.4
1.2
–15.4
94.1

2009

–262.2
–318.0
–237.0
–80.9
55.7
71.3
15.6
–375.6
–431.3
–223.3
–0.9
–222.4
–208.0
–19.6
–75.8
–39.3
–4.7
–5.5
1.2
5.8
–16.7
–19.5
–36.6
–0.8
4.3
–24.4
–15.6
–13.6
–36.2
4.2
–18.5
–48.5
55.7

2010

113.6
159.8
272.7
–112.9
–46.2
–91.5
–45.3
140.8
187.0
279.6
12.2
267.4
–92.6
–8.5
–70.3
–36.3
–5.3
–8.8
3.2
3.8
–12.0
–17.1
–33.9
11.6
–68.4
14.4
8.4
–3.0
24.4
–8.4
6.1
–32.9
–46.2

2007

2008

I

II

III

–74.1
–87.9
–59.3
–28.7
13.9
15.8
1.9
–74.4
–88.3
–58.8
1.1
–59.8
–29.5
–3.7
4.5
–12.7
–1.7
3.2
–1.3
–9.3
–4.7
1.0
17.2
–3.0
8.3
14.9
–3.0
2.9
–19.7
–11.5
3.2
–5.2
13.9

49.8
25.3
13.8
11.5
24.5
32.9
8.4
60.4
35.9
15.9
0.6
15.3
20.0
–4.1
13.7
–12.9
1.1
1.4
–7.6
–5.7
4.2
–6.2
26.6
3.6
41.9
–14.6
–4.3
3.8
10.1
1.6
–7.5
2.3
24.5

–64.3
–125.7
–15.1
–110.6
61.4
29.7
–31.6
–62.7
–124.0
–13.6
–0.4
–13.2
–110.5
6.7
–73.4
–16.1
0.8
–2.1
2.2
–1.9
–18.6
3.2
–57.3
–4.1
–49.7
–4.8
1.3
–4.2
–17.0
–0.8
1.5
–23.2
61.4

438.1
416.6
107.2
309.4
21.5
79.2
57.7
324.1
302.6
92.9
24.3
68.7
209.6
2.8
91.9
74.5
1.2
7.5
24.1
–1.4
32.4
10.5
17.4
–3.7
26.6
–3.6
–1.8
2.5
16.6
10.9
6.5
78.4
21.5

IV
–40.2
–95.5
–96.3
0.9
55.2
21.1
–34.3
–44.5
–99.8
–94.5
–1.0
–93.5
–5.2
–18.7
32.9
21.2
2.2
–1.7
–3.4
5.0
12.8
6.6
11.6
0.0
–5.1
17.6
–0.9
–23.8
–9.1
–4.8
12.7
5.7
55.2

I

II

–100.8
–89.7
–30.1
–59.7
–11.0
50.0
61.1
–229.2
–218.3
–31.2
–0.9
–30.3
–187.1
–22.1
–57.1
–15.9
–5.3
–1.6
9.1
0.8
–3.2
–15.9
–41.0
–7.3
15.5
–39.0
–10.2
–23.0
–29.7
2.8
–10.9
–47.2
–11.0

–26.3
–26.9
–34.2
7.3
0.6
19.5
18.9
–15.3
–15.8
–23.5
–4.4
–19.1
7.6
–29.5
–31.2
–38.2
–5.2
–3.3
–8.5
3.9
–19.2
–5.8
6.8
6.7
–20.9
25.4
–4.3
6.3
5.6
8.4
16.0
32.1
0.6

Change from preceding period
2008

Corporate profits with inventory valuation and capital
consumption adjustments .............................................................
Domestic industries ....................................................................................
Financial....................................................................................................
Nonfinancial ..............................................................................................
Rest of the world .........................................................................................
Receipts from the rest of the world ...........................................................
Less: Payments to the rest of the world ....................................................
Corporate profits with inventory valuation adjustment...................
Domestic industries ....................................................................................
Financial....................................................................................................
Federal Reserve banks .........................................................................
Other financial .......................................................................................
Nonfinancial ..............................................................................................
Utilities...................................................................................................
Manufacturing........................................................................................
Durable goods...................................................................................
Fabricated metal products.............................................................
Machinery .....................................................................................
Computer and electronic products ................................................
Electrical equipment, appliances, and components......................
Motor vehicles, bodies and trailers, and parts...............................
Other durable goods .....................................................................
Nondurable goods.............................................................................
Food and beverage and tobacco products ....................................
Petroleum and coal products.........................................................
Chemical products ........................................................................
Other nondurable goods ...............................................................
Wholesale trade ....................................................................................
Retail trade............................................................................................
Transportation and warehousing ...........................................................
Information ............................................................................................
Other nonfinancial .................................................................................
Rest of the world .........................................................................................

2009

2010

2011

III

IV

I

II

III

IV

I

II

III

IV

I

–5.1
–25.8
–144.9
119.1
20.7
–18.3
–39.0
6.1
–14.6
–137.7
3.5
–141.2
123.2
99.3
46.2
25.3
1.4
0.0
3.9
3.4
12.6
4.1
21.0
6.0
38.2
–18.1
–5.2
25.0
4.1
–3.1
–28.0
–20.3
20.7

–357.4
–268.1
–130.2
–137.9
–89.3
–92.4
–3.1
–353.5
–264.2
–127.7
9.3
–137.0
–136.5
–53.2
–39.3
–47.9
5.9
2.2
–0.3
–4.0
–26.7
–25.2
8.6
–1.9
14.4
–9.9
6.0
44.6
0.1
1.0
–56.1
–33.8
–89.3

204.0
194.1
287.1
–93.1
10.0
–53.0
–63.0
236.1
226.2
289.6
–15.6
305.2
–63.4
–14.9
–72.1
–23.9
–3.4
–7.3
–4.8
4.5
–12.5
–0.2
–48.2
6.1
–73.0
15.8
2.9
–31.1
16.5
–8.8
52.7
–5.7
10.0

87.1
102.5
156.4
–53.8
–15.5
11.2
26.6
74.0
89.4
153.7
16.2
137.5
–64.3
3.4
–1.8
7.8
–4.8
–3.4
8.2
–1.1
10.5
–1.8
–9.6
4.9
–34.0
13.6
5.8
–25.3
2.2
–10.8
–4.9
–26.9
–15.5

176.5
158.6
89.4
69.1
18.0
29.5
11.7
165.3
147.4
86.2
10.9
75.3
61.1
–6.1
23.4
14.3
–2.8
–0.8
1.8
0.2
16.5
–0.5
9.1
–0.5
7.8
1.4
0.5
–4.4
3.9
13.4
9.4
21.5
18.0

132.8
121.0
9.1
112.0
11.7
47.8
36.0
129.6
117.8
8.4
10.5
–2.0
109.4
17.9
22.6
29.5
–2.7
2.4
5.3
1.1
11.6
11.8
–6.9
–4.5
6.2
–9.0
0.4
6.9
3.2
2.2
17.7
38.7
11.7

152.6
158.0
–8.2
166.1
–5.4
1.7
7.1
142.4
147.7
–9.8
6.8
–16.7
157.6
13.1
62.8
48.1
5.5
5.0
17.2
–0.2
10.6
10.0
14.8
2.0
21.8
–6.8
–2.2
13.5
17.7
3.3
–6.5
53.8
–5.4

61.6
39.9
10.8
29.2
21.7
20.4
–1.3
62.9
41.3
10.8
2.4
8.4
30.5
–28.3
21.1
0.6
–2.1
1.0
–2.1
0.5
8.0
–4.8
20.4
–0.3
21.5
0.6
–1.4
17.6
–3.2
5.2
2.1
16.0
21.7

47.3
42.6
7.3
35.3
4.7
9.6
5.0
–47.3
–52.0
–2.8
–2.5
–0.3
–49.2
9.8
–10.1
–5.2
3.2
2.5
1.6
–1.7
–3.0
–7.7
–4.9
–1.2
–21.1
16.1
1.3
–21.6
–6.4
1.6
–6.9
–15.6
4.7

24.3
46.7
52.0
–5.2
–22.4
16.1
38.5
–160.4
–138.0
33.0
–1.9
34.9
–171.0
–20.9
–39.5
–10.7
1.0
0.1
2.9
–5.2
–9.2
–0.4
–28.8
–10.0
–3.3
–10.5
–5.0
–39.9
–1.7
–11.1
–7.5
–50.4
–22.4

19.0
–18.8
–38.7
19.7
37.9
20.3
–17.7
108.9
71.0
–29.3
3.2
–32.5
100.3
7.8
29.9
6.3
1.1
3.1
–12.9
1.9
7.1
6.0
23.7
3.9
9.5
1.1
9.1
22.1
2.9
–4.7
19.8
22.4
37.9

NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).

Table 12C. Revisions to Corporate Profits by Industry
[Billions of dollars]
Billions of dollars
Revised estimates
2008
Corporate profits with inventory valuation and capital consumption
adjustments ......................................................................................................
Domestic industries.........................................................................................
Financial.........................................................................................................
Nonfinancial ...................................................................................................
Rest of the world ..............................................................................................
Receipts from the rest of the world ................................................................
Less: Payments to the rest of the world .........................................................
Corporate profits with inventory valuation adjustment....................................
Domestic industries.........................................................................................
Financial.........................................................................................................
Federal Reserve banks ..............................................................................
Other financial............................................................................................
Nonfinancial ...................................................................................................
Utilities........................................................................................................
Manufacturing ............................................................................................
Durable goods........................................................................................
Nondurable goods..................................................................................
Wholesale trade .........................................................................................
Retail trade.................................................................................................
Transportation and warehousing ................................................................
Information .................................................................................................
Other nonfinancial......................................................................................
Rest of the world ..............................................................................................
Corporate profits before tax without inventory valuation and capital
consumption adjustments ..............................................................................
Addenda:
Corporate profits after tax with inventory valuation and capital consumption
adjustments....................................................................................................
Net cash flow with inventory valuation adjustment ......................................
Undistributed profits with inventory valuation and capital consumption
adjustments................................................................................................
Consumption of fixed capital ..........................................................................
Less: Capital transfers paid (net) ...................................................................

2009

Revisions to previously published
2010

2008

2009

2010

Revisions as a percentage
of previously published
2008

2009

2010

1,248.4
841.8
86.8
755.0
406.6
581.9
175.3
1,315.5
908.9
122.2
35.1
87.1
786.7
30.7
195.5
56.8
138.6
86.3
81.6
31.9
75.1
285.7
406.6

1,362.0
1,001.6
359.5
642.1
360.4
490.4
130.0
1,456.3
1,095.9
401.8
47.3
354.5
694.1
22.2
125.2
20.5
104.7
83.3
106.0
23.5
81.2
252.8
360.4

1,800.1
1,418.2
466.7
951.5
381.9
569.6
187.7
1,780.4
1,398.5
494.7
71.6
423.2
903.7
25.0
217.1
95.0
122.1
85.8
122.6
34.4
87.7
331.2
381.9

–14.4
–9.7
–41.2
31.5
–4.7
10.1
14.8
26.4
31.1
–17.7
0.0
–17.8
48.8
2.4
11.8
5.4
6.3
2.3
6.6
3.8
–0.1
22.1
–4.7

104.0
95.9
117.1
–21.2
8.1
9.8
1.7
127.7
119.6
143.8
0.0
143.9
–24.3
–7.8
–25.7
–32.8
7.2
2.9
7.0
–1.2
–2.3
2.8
8.1

175.3
177.2
99.9
77.3
–1.9
1.1
3.0
24.2
26.1
106.8
13.5
93.5
–80.8
–8.0
–42.5
–55.1
12.7
2.3
–2.5
–11.7
–21.6
3.2
–1.9

–1.1
–1.1
–32.2
4.4
–1.1
1.8
9.2
2.0
3.5
–12.7
0.0
–17.0
6.6
8.5
6.4
10.5
4.8
2.7
8.8
13.5
–0.1
8.4
–1.1

8.3
10.6
48.3
–3.2
2.3
2.0
1.3
9.6
12.3
55.7
0.0
68.3
–3.4
–26.0
–17.0
–61.5
7.4
3.6
7.1
–4.9
–2.8
1.1
2.3

10.8
14.3
27.2
8.8
–0.5
0.2
1.6
1.4
1.9
27.5
23.2
28.4
–8.2
–24.2
–16.4
–36.7
11.6
2.8
–2.0
–25.4
–19.8
1.0
–0.5

1,359.9

1,455.7

1,819.5

26.7

139.0

18.4

2.0

10.6

1.0

939.4
1,245.2

1,089.6
1,583.6

1,389.1
1,699.0

–15.0
5.8

86.5
155.7

180.9
160.8

–1.6
0.5

8.6
10.9

15.0
10.5

152.5
1,028.5
–64.2

469.6
1,030.4
–83.6

651.7
1,027.1
–20.2

–4.2
10.0
–0.1

185.4
10.6
40.3

176.2
–2.7
65.2
37.1
9.6
1.0
1.0
0.9
25.0 ................... .................... ...................

Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business—Continues
Seasonally adjusted at annual rates
2007

2008

2009

2010

2007
I

II

2008
III

IV

I

II

Billions of dollars
Gross value added of nonfinancial corporate business.......................................................
Consumption of fixed capital ..............................................................................................................
Net value added ................................................................................................................................
Compensation of employees ..........................................................................................................
Wage and salary accruals ..........................................................................................................
Supplements to wages and salaries...........................................................................................
Taxes on production and imports less subsidies ............................................................................
Net operating surplus .....................................................................................................................
Net interest and miscellaneous payments..................................................................................
Business current transfer payments (net)...................................................................................
Corporate profits with inventory valuation and capital consumption adjustments ......................
Taxes on corporate income ....................................................................................................
Profits after tax with inventory valuation and capital consumption adjustments.....................
Net dividends .....................................................................................................................
Undistributed profits with inventory valuation and capital consumption adjustments.........
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments)...................
Profits after tax (without inventory valuation and capital consumption adjustments) .....................
Inventory valuation adjustment.......................................................................................................
Capital consumption adjustment ....................................................................................................

6,946.0
840.1
6,106.0
4,361.0
3,636.2
724.8
607.7
1,137.4
232.3
69.1
835.9
293.8
542.2
484.6
57.6

6,991.4
864.3
6,127.1
4,441.2
3,681.4
759.8
615.2
1,070.8
257.7
58.1
755.0
227.4
527.7
474.1
53.5

6,592.0
862.2
5,729.8
4,178.2
3,436.4
741.7
587.4
964.2
243.7
78.3
642.1
175.0
467.1
349.0
118.1

6,902.0
856.8
6,045.2
4,263.0
3,513.4
749.6
614.3
1,167.8
130.9
85.4
951.5
229.3
722.3
398.8
323.5

6,896.9
829.3
6,067.6
4,309.2
3,586.8
722.5
599.6
1,158.8
204.5
71.9
882.4
311.2
571.2
478.1
93.1

6,965.5
836.4
6,129.0
4,340.0
3,619.7
720.3
605.6
1,183.4
219.8
69.8
893.9
302.4
591.5
481.0
110.5

6,908.6
842.9
6,065.7
4,361.9
3,638.6
723.3
610.1
1,093.7
242.6
67.8
783.3
278.9
504.5
502.0
2.5

7,013.2
851.6
6,161.6
4,432.8
3,699.6
733.1
615.3
1,113.5
262.4
66.9
784.2
282.6
501.5
477.1
24.4

6,955.8
852.2
6,103.6
4,456.3
3,707.2
749.1
613.4
1,033.9
251.5
57.9
724.5
248.0
476.5
468.8
7.7

6,964.7
858.8
6,105.9
4,450.2
3,691.0
759.2
620.5
1,035.2
248.7
54.6
731.8
252.8
479.1
484.5
–5.4

1,042.0
748.2
–47.2
–158.8

831.2
603.8
–44.5
–31.7

693.5
518.5
0.6
–52.0

942.8
713.5
–39.1
47.8

1,086.5
775.3
–50.3
–153.9

1,091.1
788.7
–34.8
–162.4

974.9
696.0
–29.1
–162.5

1,015.4
732.8
–74.8
–156.4

884.8
636.8
–131.3
–29.1

916.5
663.8
–155.4
–29.3

Gross value added of nonfinancial corporate business 1 ....................................................
Consumption of fixed capital 2 ............................................................................................................
Net value added 3 ...............................................................................................................................

6,616.1
794.1
5,822.0

6,521.2
798.9
5,722.3

6,110.9
805.4
5,305.5

6,442.7
805.4
5,637.3

6,572.6
795.5
5,777.1

6,648.2
801.6
5,846.6

6,553.6
797.7
5,755.8

6,534.8
797.1
5,737.7

Billions of chained (2005) dollars
6,608.7
788.1
5,820.6

6,634.9
791.1
5,843.8

Dollars; quarters seasonally adjusted
Price, costs, and profits per unit of real gross value added of nonfinancial corporate
business:
Price per unit of real gross value added of nonfinancial corporate business 4 .....................
Compensation of employees (unit labor cost) ................................................................................
Unit nonlabor cost ..........................................................................................................................
Consumption of fixed capital ......................................................................................................
Taxes on production and imports less subsidies plus business current transfer payments (net)
Net interest and miscellaneous payments..................................................................................
Corporate profits with inventory valuation and capital consumption adjustments (unit profits from
current production) .....................................................................................................................
Taxes on corporate income ........................................................................................................
Profits after tax with inventory valuation and capital consumption adjustments.........................

1.050
0.659
0.264
0.127
0.102
0.035

1.072
0.681
0.276
0.133
0.103
0.040

1.079
0.684
0.290
0.141
0.109
0.040

1.071
0.662
0.262
0.133
0.109
0.020

1.044
0.652
0.258
0.125
0.102
0.031

1.050
0.654
0.261
0.126
0.102
0.033

1.051
0.664
0.268
0.128
0.103
0.037

1.055
0.667
0.270
0.128
0.103
0.039

1.061
0.680
0.270
0.130
0.102
0.038

1.066
0.681
0.272
0.131
0.103
0.038

0.126
0.044
0.082

0.116
0.035
0.081

0.105
0.029
0.076

0.148
0.036
0.112

0.134
0.047
0.086

0.135
0.046
0.089

0.119
0.042
0.077

0.118
0.043
0.075

0.111
0.038
0.073

0.112
0.039
0.073

1. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial
industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price
index for GDP goods and structures is used.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the
chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100.

3. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross value added
and the consumption of fixed capital.
4. The deflator for gross value added of nonfinancial corporate business divided by 100.
NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).

Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business—Table Ends
Seasonally adjusted at annual rates
2008
III

2009
IV

I

II

2010
III

IV

I

II

2011
III

IV

I

Billions of dollars
Gross value added of nonfinancial corporate business.......................................................
Consumption of fixed capital ..............................................................................................................
Net value added ................................................................................................................................
Compensation of employees ..........................................................................................................
Wage and salary accruals ..........................................................................................................
Supplements to wages and salaries...........................................................................................
Taxes on production and imports less subsidies ............................................................................
Net operating surplus .....................................................................................................................
Net interest and miscellaneous payments..................................................................................
Business current transfer payments (net)...................................................................................
Corporate profits with inventory valuation and capital consumption adjustments ......................
Taxes on corporate income ....................................................................................................
Profits after tax with inventory valuation and capital consumption adjustments.....................
Net dividends .....................................................................................................................
Undistributed profits with inventory valuation and capital consumption adjustments.........
Addenda:
Profits before tax (without inventory valuation and capital consumption adjustments)...................
Profits after tax (without inventory valuation and capital consumption adjustments) .....................
Inventory valuation adjustment.......................................................................................................
Capital consumption adjustment ....................................................................................................

7,094.8
869.6
6,225.2
4,445.9
3,680.1
765.9
619.9
1,159.4
254.5
54.1
850.9
255.3
595.5
478.0
117.5

6,950.5
876.6
6,073.8
4,412.3
3,647.2
765.1
606.9
1,054.6
275.9
65.7
713.0
153.5
559.5
465.2
94.4

6,650.3
874.2
5,776.1
4,210.8
3,464.8
746.0
584.5
980.7
286.2
74.6
619.9
164.6
455.4
390.3
65.1

6,534.6
864.5
5,670.1
4,178.9
3,435.8
743.1
586.5
904.7
255.2
83.4
566.1
156.7
409.4
374.7
34.7

6,533.4
856.4
5,677.0
4,156.0
3,416.6
739.5
581.6
939.4
228.3
75.8
635.2
169.8
465.4
288.7
176.7

6,649.7
853.8
5,796.0
4,167.0
3,428.6
738.3
597.1
1,031.8
205.2
79.4
747.2
209.0
538.2
342.4
195.8

6,811.1
850.3
5,960.7
4,188.9
3,444.0
744.9
607.3
1,164.5
166.7
84.5
913.3
233.4
680.0
380.6
299.4

6,876.6
853.9
6,022.6
4,247.5
3,499.0
748.5
612.3
1,162.8
135.5
84.8
942.5
232.0
710.5
376.2
334.3

6,953.9
857.7
6,096.2
4,299.8
3,548.2
751.6
617.1
1,179.4
114.9
86.7
977.8
239.4
738.3
406.0
332.3

6,966.5
865.4
6,101.1
4,315.9
3,562.4
753.4
620.7
1,164.6
106.5
85.5
972.6
212.4
760.2
432.3
327.9

7,063.9
873.4
6,190.5
4,372.1
3,607.9
764.2
633.2
1,185.3
106.6
86.3
992.3
238.5
753.8
422.0
331.8

957.1
701.7
–72.7
–33.5

566.2
412.8
181.6
–34.8

607.9
443.3
76.5
–64.4

604.2
447.5
15.9
–54.0

701.9
532.1
–20.7
–46.0

859.9
650.9
–69.3
–43.4

976.6
743.2
–28.4
–34.9

984.3
752.3
–5.6
–36.2

961.5
722.0
–32.0
48.3

848.9
636.5
–90.3
214.1

974.8
736.3
–116.0
133.6

Gross value added of nonfinancial corporate business 1 ....................................................
Consumption of fixed capital 2 ............................................................................................................
Net value added 3 ...............................................................................................................................

6,591.2
798.9
5,792.3

6,405.2
802.0
5,603.2

6,083.1
806.0
5,277.1

6,034.0
806.3
5,227.7

6,441.6
802.5
5,639.1

6,477.8
805.9
5,671.9

6,455.9
811.3
5,644.6

6,513.4
816.3
5,697.1

Billions of chained (2005) dollars
6,090.4
805.4
5,285.0

6,236.0
803.9
5,432.1

6,395.3
801.9
5,593.4

Dollars; quarters seasonally adjusted
Price, costs, and profits per unit of real gross value added of nonfinancial corporate
business:
Price per unit of real gross value added of nonfinancial corporate business 4 .....................
Compensation of employees (unit labor cost) ................................................................................
Unit nonlabor cost ..........................................................................................................................
Consumption of fixed capital ......................................................................................................
Taxes on production and imports less subsidies plus business current transfer payments (net)
Net interest and miscellaneous payments..................................................................................
Corporate profits with inventory valuation and capital consumption adjustments (unit profits from
current production) .....................................................................................................................
Taxes on corporate income ........................................................................................................
Profits after tax with inventory valuation and capital consumption adjustments.........................

1.076
0.675
0.273
0.132
0.102
0.039

1.085
0.689
0.285
0.137
0.105
0.043

1.093
0.692
0.299
0.144
0.108
0.047

1.083
0.693
0.296
0.143
0.111
0.042

1.073
0.682
0.286
0.141
0.108
0.037

1.066
0.668
0.278
0.137
0.108
0.033

1.065
0.655
0.267
0.133
0.108
0.026

1.068
0.659
0.262
0.133
0.108
0.021

1.073
0.664
0.259
0.132
0.109
0.018

1.079
0.669
0.259
0.134
0.109
0.016

1.085
0.671
0.260
0.134
0.110
0.016

0.129
0.039
0.090

0.111
0.024
0.087

0.102
0.027
0.075

0.094
0.026
0.068

0.104
0.028
0.076

0.120
0.034
0.086

0.143
0.036
0.106

0.146
0.036
0.110

0.151
0.037
0.114

0.151
0.033
0.118

0.152
0.037
0.116

1. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial
industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price index
for GDP goods and structures is used.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the
chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100.

3. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross value added
and the consumption of fixed capital.
4. The deflator for gross value added of nonfinancial corporate business divided by 100.
NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).

Appendix Table A. Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period
Seasonally adjusted at annual rates
2002

2003

2004

2005

2006

2007

2008

2009

2010

2007
I

Gross domestic product (GDP) and related aggregates:
GDP...................................................................................................................
Goods................................................................................................................
Services ............................................................................................................
Structures ..........................................................................................................
Motor vehicle output ..........................................................................................
GDP excluding motor vehicle output .................................................................
Final sales of computers 1 .................................................................................
GDP excluding final sales of computers............................................................
Farm gross value added 2 .................................................................................
Nonfarm business gross value added 3 .............................................................
Gross domestic income 4 ..................................................................................
Price indexes:
GDP...................................................................................................................
GDP excluding food and energy 5 .....................................................................
GDP excluding final sales of computers............................................................
Gross domestic purchases................................................................................
Gross domestic purchases excluding food and energy 5 ..................................
Gross domestic purchases excluding final sales of computers to domestic
purchasers.....................................................................................................
Personal consumption expenditures (PCE).......................................................
PCE excluding food and energy 5......................................................................
Market-based PCE 6 .........................................................................................
Market-based PCE excluding food and energy 6 ...............................................

II

III

IV

1.8
1.7
2.5
–2.5
11.5
1.5
3.1
1.8
4.4
1.9
1.0

2.5
3.6
1.9
3.3
1.1
2.6
15.6
2.4
12.8
3.1
2.2

3.5
5.2
2.5
4.9
4.0
3.4
3.9
3.5
7.0
4.0
3.8

3.1
4.6
2.4
2.9
4.0
3.0
17.3
3.0
4.2
3.4
3.7

2.7
5.3
2.3
–1.6
–1.2
2.8
24.6
2.5
–2.8
3.1
3.7

1.9
4.4
2.1
–5.5
0.0
2.0
17.0
1.8
–8.9
2.1
0.2

–0.3
–0.8
1.0
–7.7
–18.6
0.2
20.1
–0.4
12.6
–1.5
–0.4

–3.5
–5.9
–0.5
–16.9
–24.5
–3.0
1.3
–3.5
15.1
–5.1
–4.0

3.0
11.7
1.1
–8.8
27.4
2.6
20.5
2.9
–0.5
4.0
3.6

0.5
1.3
1.2
–5.5
10.2
0.3
–0.2
0.5
–9.4
–0.2
–2.6

3.6
8.2
1.8
3.1
4.4
3.6
10.0
3.6
–15.6
4.7
0.5

3.0
6.2
2.9
–4.7
–2.0
3.1
55.0
2.7
–19.3
3.4
–1.3

1.7
5.5
2.3
–10.9
–14.6
2.2
39.3
1.5
41.9
0.9
1.4

1.6
1.8
1.8
1.4
1.7

2.1
2.0
2.2
2.3
2.0

2.8
2.8
2.9
3.0
2.7

3.3
3.5
3.5
3.7
3.3

3.2
3.3
3.4
3.4
3.1

2.9
2.8
3.0
2.9
2.7

2.2
2.4
2.3
3.2
2.6

1.1
0.8
1.2
–0.1
0.8

1.2
1.4
1.2
1.5
1.2

4.6
4.1
4.7
4.5
3.9

2.8
2.0
2.9
3.2
2.0

1.3
1.7
1.4
2.0
1.9

1.9
2.7
2.0
3.7
2.8

1.7
1.4
1.7
1.1
1.5

2.5
2.0
1.5
2.0
1.4

3.2
2.6
2.1
2.4
1.7

3.9
3.0
2.2
2.8
1.9

3.5
2.7
2.3
2.7
2.2

3.1
2.7
2.3
2.5
2.0

3.4
3.3
2.3
3.4
2.3

0.0
0.2
1.6
0.3
1.9

1.6
1.8
1.4
1.5
1.0

4.6
3.9
2.9
3.7
2.5

3.3
3.5
1.7
3.6
1.5

2.1
2.2
2.1
1.9
1.7

3.9
4.2
2.8
4.4
2.8

Seasonally adjusted at annual rates
2008
I
Gross domestic product (GDP) and related aggregates:
GDP...................................................................................................................
Goods................................................................................................................
Services ............................................................................................................
Structures ..........................................................................................................
Motor vehicle output ..........................................................................................
GDP excluding motor vehicle output .................................................................
Final sales of computers 1 .................................................................................
GDP excluding final sales of computers............................................................
Farm gross value added 2 .................................................................................
Nonfarm business gross value added 3 .............................................................
Gross domestic income 4 ..................................................................................
Price indexes:
GDP...................................................................................................................
GDP excluding food and energy 5 .....................................................................
GDP excluding final sales of computers............................................................
Gross domestic purchases................................................................................
Gross domestic purchases excluding food and energy 5 ..................................
Gross domestic purchases excluding final sales of computers to domestic
purchasers.....................................................................................................
Personal consumption expenditures (PCE).......................................................
PCE excluding food and energy 5......................................................................
Market-based PCE 6 .........................................................................................
Market-based PCE excluding food and energy 6 ...............................................

2009

II

III

IV

–1.8
–4.4
1.1
–12.0
–14.1
–1.4
7.3
–1.8
48.4
–3.6
2.6

1.3
4.5
0.2
0.1
–25.4
2.1
30.0
1.2
–11.5
0.4
–1.1

–3.7
–8.2
–0.9
–8.3
–26.0
–3.0
–2.8
–3.7
–16.5
–5.2
–2.6

–8.9
–23.9
–0.7
–17.4
–58.1
–7.4
1.1
–8.9
79.6
–12.7
–9.8

2.5
3.2
2.6
4.1
3.4

2.5
2.4
2.6
4.5
3.1

3.1
2.7
3.2
4.0
2.7

4.3
3.9
2.5
4.3
2.8

4.6
4.5
2.4
4.2
1.7

4.2
4.3
2.0
5.0
2.4

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. Gross domestic income deflated by the implicit price deflator for gross domestic product.
5. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.

I

2010
I

II

2011

II

III

IV

III

IV

I

II

–6.7
–10.6
–1.8
–27.1
–55.3
–5.5
17.1
–6.8
15.1
–8.7
–7.0

–0.7
3.7
0.5
–20.6
18.8
–1.0
–13.8
–0.6
5.9
–1.1
–2.1

1.7
7.9
0.0
–3.9
128.2
0.2
–11.7
1.8
41.8
1.4
1.3

3.8
18.3
1.2
–17.8
10.1
3.7
2.5
3.8
–36.7
5.6
4.8

3.9
20.9
0.3
–18.6
40.1
3.3
37.0
3.8
0.3
5.2
6.3

3.8
4.0
2.6
15.0
15.7
3.5
12.7
3.7
17.7
4.6
3.8

2.5
7.9
1.5
–8.0
14.9
2.2
72.7
2.2
21.4
3.5
2.5

2.3
5.9
1.0
1.0
–17.4
2.9
64.2
2.1
–29.8
3.8
1.5

0.5
–0.5
0.6
–4.0
–0.1

1.7
0.3
1.8
–1.9
0.0

–0.4
0.6
–0.3
0.5
0.6

0.3
0.9
0.4
1.6
0.6

1.1
1.8
1.2
2.1
1.7

1.5
1.8
1.5
2.1
1.6

1.5
1.3
1.5
0.5
1.1

1.4
0.8
1.5
1.0
0.8

1.9
1.3
2.0
2.1
1.2

2.5
2.5
2.6
4.0
2.4

2.3
2.5
2.4
3.2
2.6

–3.9
–5.6
1.0
–5.9
1.7

–1.8
–1.7
1.0
–1.3
1.9

0.6
1.9
2.1
2.0
2.2

1.7
3.0
1.5
2.9
1.2

2.2
2.8
2.2
2.2
1.4

2.1
1.9
1.1
1.5
0.6

0.5
0.3
1.3
–0.1
0.9

1.0
1.0
0.8
1.2
1.0

2.2
1.9
0.7
1.8
0.3

4.1
3.9
1.6
4.0
1.3

3.3
3.1
2.1
3.5
2.4

0.4
1.3
4.9
2.5
–0.1
1.0
–13.1
–1.2
59.2
–4.7
–0.7
1.4
14.7
27.4
0.3
1.1
–31.8
–8.4
0.9
1.8
1.9 ..............

6. This index is a supplemental measure that is based on household expenditures for which there are observable price
measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final
consumption expenditures of nonprofit institutions serving households.
See “Explanatory Note” at the end of the tables.

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