BEA - Bureau of Economic Analysis

03/27/2025 | Press release | Archived content

March 2025 - Tables Only (XLSX)

Contents

Release Date March 27, 2025
Table of contents: Select table from the spreadsheet tabs which appear below the list
Table 1. Real Gross Domestic Product and Related Measures: Percent Change from Preceding Period
Table 2. Contributions to Percent Change in Real Gross Domestic Product
Table 3. Gross Domestic Product: Level and Change from Preceding Period
Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change from Preceding Period
Table 5. Real Gross Domestic Product: Annual Percent Change
Table 6. Real Gross Domestic Product: Percent Change from Quarter One Year Ago
Table 7. Relation of Gross Domestic Product, Gross National Product, and National Income
Table 8. Personal Income and Its Disposition
Table 9. Corporate Profits: Level and Percent Change
Table 10. Corporate Profits by Industry: Level and Change from Preceding Period
Table 11. Gross Value Added of Nonfinancial Domestic Corporate Business
Table 12. Real Gross Domestic Product by Industry Group: Percent Change from Preceding Period
Table 13. Contributions to Percent Change in Real Gross Domestic Product by Industry Group
Table 14. Gross Domestic Product by Industry Group: Level and Change from Preceding Period
Table 15. Price Indexes for Gross Domestic Product by Industry Group: Percent Change from Preceding Period
Table 16. Real Gross Output by Industry Group: Percent Change from Preceding Period
Table 17. Gross Output by Industry Group: Level and Change from Preceding Period
Table 18. Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period
Appendix Table A. Real Gross Domestic Product and Related Aggregates: Percent Change from Preceding Period and Contributions to Percent Change
Appendix Table B. Not Seasonally Adjusted Real Gross Domestic Product: Level and Percent Change from Quarter One Year Ago

Table 1

Table 1. Real Gross Domestic Product and Related Measures: Percent Change from Preceding Period
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
1 Gross domestic product (GDP) 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
2 Personal consumption expenditures 3.0 2.5 2.8 9.5 14.1 3.1 4.4 1.0 2.6 1.5 1.2 4.9 1.0 2.5 3.5 1.9 2.8 3.7 4.0
3 Goods -0.6 1.9 2.4 17.9 14.4 -9.6 4.6 -1.7 -1.5 -2.3 -0.7 7.4 -0.3 3.5 3.4 -1.2 3.0 5.6 6.2
4 Durable goods -1.9 3.9 3.3 31.0 14.7 -24.8 8.6 0.1 -2.2 -1.9 -2.0 17.1 -0.3 4.2 2.9 -1.8 5.5 7.6 12.4
5 Nondurable goods 0.1 0.8 1.9 10.9 14.2 0.4 2.5 -2.7 -1.2 -2.5 0.1 2.5 -0.4 3.1 3.6 -0.8 1.7 4.6 3.1
6 Services 5.0 2.9 2.9 5.4 13.9 10.4 4.3 2.4 4.7 3.5 2.2 3.8 1.6 2.1 3.5 3.4 2.7 2.8 3.0
7 Gross private domestic investment 6.0 0.1 4.0 -2.4 -6.4 16.3 28.3 7.4 -8.5 -5.7 5.8 -8.9 8.0 10.1 0.7 3.6 8.3 0.8 -5.6
8 Fixed investment 2.7 2.4 3.7 9.4 5.5 -2.1 2.9 8.5 2.0 -1.8 -1.9 3.1 8.6 2.6 3.5 6.5 2.3 2.1 -1.1
9 Nonresidential 7.0 6.0 3.6 9.6 8.9 -1.8 3.4 13.6 7.3 7.7 5.7 5.3 9.9 1.1 3.8 4.5 3.9 4.0 -3.0
10 Structures 3.6 10.8 3.5 8.8 0.6 -3.8 -9.5 10.9 8.8 9.2 9.8 14.9 16.4 1.7 6.5 6.3 0.2 -5.0 2.9
11 Equipment 4.4 3.5 3.4 5.3 8.7 -10.6 1.5 16.4 1.1 6.6 1.1 0.9 12.5 -1.1 0.7 0.3 9.8 10.8 -8.7
12 Intellectual property products 11.2 5.8 3.9 14.3 13.8 8.6 12.4 12.6 12.7 8.0 7.9 4.5 3.9 2.8 5.2 7.5 0.7 3.1 -0.5
13 Residential -8.6 -8.3 4.2 8.7 -3.7 -3.4 1.2 -4.5 -11.6 -25.2 -22.8 -4.3 4.5 7.7 2.5 13.7 -2.8 -4.3 5.5
14 Change in private inventories .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
15 Net exports of goods and services .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
16 Exports 7.5 2.8 3.3 0.3 3.2 0.9 25.5 -4.6 12.7 14.5 -1.1 2.0 -4.8 4.9 6.2 1.9 1.0 9.6 -0.2
17 Goods 5.9 2.3 2.2 -1.2 1.2 -2.7 27.6 -9.4 10.9 20.3 -5.4 5.3 -10.9 7.5 5.3 -0.2 0.9 10.3 -4.6
18 Services 11.1 3.8 5.4 3.3 7.4 8.9 21.1 6.9 16.8 2.6 8.7 -4.5 8.8 0.0 8.0 6.1 1.2 8.4 8.5
19 Imports 8.6 -1.2 5.3 8.3 8.3 8.6 20.8 13.4 5.9 -5.4 -4.5 -0.8 -3.1 4.7 4.2 6.1 7.6 10.7 -1.9
20 Goods 6.7 -1.8 4.8 8.0 5.3 0.9 21.7 13.6 3.1 -8.2 -4.0 0.1 -5.0 5.1 1.8 6.5 8.4 10.7 -4.9
21 Services 17.8 1.6 7.4 9.9 25.5 55.3 16.6 12.4 20.4 8.1 -6.9 -4.8 5.0 2.6 14.8 4.8 4.3 11.0 10.9
22 Government consumption expenditures and gross investment -1.1 3.9 3.4 5.2 -4.2 -1.5 -0.3 -3.4 -1.5 1.6 5.4 5.1 2.9 5.7 3.6 1.8 3.1 5.1 3.1
23 Federal -3.2 2.9 2.6 17.2 -8.0 -7.5 3.1 -8.5 -3.3 -0.4 9.0 4.6 -1.1 5.3 -0.3 -0.4 4.3 8.9 4.0
24 National defense -3.9 3.2 3.1 -7.9 -2.8 -4.6 -3.7 -11.2 2.0 -2.9 7.6 4.9 0.8 6.7 -1.3 -2.5 6.4 13.9 4.8
25 Nondefense -2.3 2.5 1.8 63.0 -14.3 -11.3 13.0 -5.0 -9.7 2.9 10.8 4.3 -3.5 3.4 0.9 2.6 1.5 2.6 2.9
26 State and local 0.2 4.4 3.9 -1.6 -1.8 2.3 -2.3 -0.1 -0.4 2.7 3.4 5.3 5.4 5.9 6.1 3.1 2.3 2.9 2.5
Addenda:
27 Gross domestic income (GDI) 1 2.8 1.7 3.0 4.2 5.3 4.4 6.4 1.7 -0.3 3.9 -1.4 1.7 2.1 2.7 5.1 3.0 2.0 1.4 4.5
28 Average of GDP and GDI 2.7 2.3 2.9 4.9 5.9 3.9 6.9 0.3 0.0 3.3 1.0 2.3 2.3 3.5 4.1 2.3 2.5 2.2 3.5
29 Final sales of domestic product 1.9 3.3 2.7 7.8 8.7 0.4 3.2 -0.9 2.3 3.5 1.9 5.1 2.6 3.0 3.7 2.1 1.9 3.3 3.3
30 Gross domestic purchases 2.8 2.3 3.1 6.5 7.0 4.4 7.4 1.4 -0.2 0.2 2.7 2.4 2.5 4.4 3.0 2.2 3.8 3.4 2.1
31 Final sales to domestic purchasers 2.3 2.7 3.0 8.7 9.2 1.4 3.4 1.5 1.8 0.9 1.3 4.6 2.6 3.1 3.5 2.7 2.8 3.7 3.0
32 Final sales to private domestic purchasers 3.0 2.5 3.0 9.5 12.3 2.0 4.1 2.5 2.4 0.8 0.6 4.6 2.5 2.6 3.5 2.9 2.7 3.4 2.9
33 Gross national product (GNP) 2.4 2.7 2.6 5.5 5.4 3.5 7.8 -1.8 0.9 2.9 2.8 2.1 2.5 4.3 3.1 1.4 2.7 2.4 3.3
34 Disposable personal income -5.5 5.1 2.7 57.6 -27.7 -4.5 -4.5 -10.9 -1.8 6.6 3.8 10.9 3.4 1.4 3.2 5.6 1.0 0.2 1.9
Current-dollar measures:
35 GDP 9.8 6.6 5.3 11.1 13.2 9.8 15.1 7.3 9.7 7.4 7.2 6.6 4.3 7.7 4.8 4.7 5.6 5.0 4.8
36 GDI 10.1 5.3 5.5 9.6 12.0 10.8 14.0 10.2 9.1 8.6 2.3 5.5 4.0 6.0 6.7 6.1 4.6 3.3 6.9
37 Average of GDP and GDI 10.0 6.0 5.4 10.3 12.6 10.3 14.5 8.7 9.4 8.0 4.7 6.0 4.2 6.8 5.8 5.4 5.1 4.2 5.9
38 Final sales of domestic product 9.2 7.0 5.3 13.5 15.6 6.7 10.5 7.5 12.0 8.2 5.8 8.9 4.7 6.3 5.3 5.2 4.5 5.3 5.7
39 Gross domestic purchases 9.9 5.8 5.5 11.4 13.4 10.4 15.1 9.6 8.4 5.0 6.4 5.8 4.1 7.1 4.8 5.3 6.4 5.4 4.4
40 Final sales to domestic purchasers 9.3 6.2 5.5 13.8 15.7 7.4 10.7 9.8 10.6 5.7 5.1 8.0 4.4 5.8 5.3 5.8 5.3 5.7 5.2
41 Final sales to private domestic purchasers 10.0 6.3 5.4 14.0 18.8 8.1 11.5 10.9 10.7 6.1 4.6 8.6 4.9 5.0 5.3 5.9 5.3 5.3 5.2
42 GNP 9.7 6.4 5.1 10.9 12.0 9.9 15.5 6.5 10.4 7.6 6.6 5.9 4.4 7.6 4.7 4.5 5.3 4.4 5.7
43 Disposable personal income 0.7 9.0 5.3 64.8 -23.1 0.9 2.0 -4.0 5.6 11.7 7.9 15.3 6.4 4.1 4.9 9.2 3.6 1.8 4.3
r Revised
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
Source: U.S. Bureau of Economic Analysis

Table 2

Table 2. Contributions to Percent Change in Real Gross Domestic Product
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
Percent change at annual rate:
1 Gross domestic product 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
Percentage points at annual rates:
2 Personal consumption expenditures 2.06 1.72 1.87 6.10 9.04 2.11 3.00 0.64 1.71 1.02 0.81 3.27 0.65 1.72 2.33 1.30 1.90 2.48 2.70
3 Goods -0.14 0.42 0.51 3.80 3.19 -2.38 1.05 -0.41 -0.37 -0.54 -0.15 1.59 -0.08 0.76 0.73 -0.25 0.63 1.18 1.30
4 Durable goods -0.16 0.31 0.25 2.26 1.20 -2.43 0.69 0.01 -0.18 -0.15 -0.16 1.24 -0.03 0.32 0.22 -0.13 0.40 0.54 0.87
5 Motor vehicles and parts -0.20 0.08 -0.02 1.18 0.48 -1.91 0.16 0.08 -0.13 -0.16 -0.05 0.75 -0.19 -0.16 -0.15 -0.20 0.16 0.22 0.46
6 Furnishings and durable household equipment -0.07 0.03 0.07 0.52 0.06 -0.28 0.01 -0.11 -0.01 -0.04 0.01 0.10 -0.03 0.09 0.07 0.00 0.13 0.15 0.09
7 Recreational goods and vehicles 0.06 0.18 0.15 0.35 0.42 -0.25 0.38 0.07 -0.11 0.06 -0.03 0.33 0.21 0.34 0.21 -0.04 0.11 0.16 0.30
8 Other durable goods 0.04 0.01 0.05 0.20 0.24 0.01 0.15 -0.03 0.07 -0.01 -0.09 0.05 -0.01 0.05 0.09 0.10 0.00 0.02 0.03
9 Nondurable goods 0.02 0.12 0.27 1.54 2.00 0.05 0.36 -0.42 -0.19 -0.38 0.01 0.36 -0.05 0.44 0.51 -0.12 0.23 0.63 0.42
10 Food and beverages purchased for off-premises consumption -0.11 -0.08 0.07 0.72 0.33 -0.05 0.03 -0.17 -0.28 -0.27 -0.07 -0.10 -0.04 0.09 0.08 -0.01 0.11 0.14 0.09
11 Clothing and footwear -0.01 0.02 0.03 0.52 0.66 -0.14 -0.02 -0.17 0.12 -0.05 0.00 0.09 -0.11 0.09 0.07 0.05 -0.06 0.03 0.09
12 Gasoline and other energy goods 0.02 0.02 -0.01 0.17 0.44 0.18 0.05 -0.10 -0.12 -0.06 0.01 0.13 0.02 -0.07 0.05 -0.14 0.11 0.05 -0.03
13 Other nondurable goods 0.13 0.16 0.18 0.14 0.57 0.06 0.30 0.02 0.10 -0.01 0.06 0.25 0.08 0.32 0.32 -0.02 0.07 0.41 0.28
14 Services 2.20 1.30 1.35 2.30 5.85 4.48 1.95 1.05 2.09 1.55 0.96 1.67 0.73 0.96 1.60 1.55 1.27 1.31 1.41
15 Household consumption expenditures (for services) 2.03 1.41 1.21 2.76 6.35 4.40 1.68 0.69 1.79 1.48 1.17 2.00 0.81 0.95 1.63 1.27 0.94 1.14 1.43
16 Housing and utilities 0.34 0.06 0.12 0.46 0.19 0.34 0.19 0.67 0.33 -0.05 0.30 -0.22 0.06 0.25 -0.03 0.09 0.23 0.10 0.13
17 Health care 0.46 0.66 0.62 -0.14 1.38 0.78 0.58 0.05 0.14 0.61 0.79 1.04 0.31 0.35 0.85 0.76 0.35 0.79 0.53
18 Transportation services 0.20 0.01 0.08 0.20 1.01 0.95 0.19 -0.05 -0.01 -0.01 -0.02 0.02 0.05 0.00 0.11 0.01 0.31 -0.10 0.08
19 Recreation services 0.28 0.10 0.05 0.56 0.82 0.66 0.44 0.04 0.23 0.05 0.14 0.16 -0.01 0.08 0.02 0.07 0.05 0.01 0.12
20 Food services and accommodations 0.42 0.19 0.06 0.78 2.09 0.75 -0.01 -0.06 0.98 0.20 -0.04 0.31 -0.11 0.28 0.27 -0.12 -0.01 0.07 0.14
21 Financial services and insurance -0.01 0.20 0.14 0.24 0.01 0.09 0.16 -0.22 -0.11 0.18 0.11 0.29 0.46 0.07 -0.01 0.31 -0.04 0.21 0.16
22 Other services 0.35 0.19 0.15 0.66 0.86 0.82 0.13 0.26 0.23 0.50 -0.10 0.41 0.04 -0.06 0.42 0.16 0.05 0.07 0.28
23 Final consumption expenditures of nonprofit institutions serving households 0.18 -0.11 0.14 -0.46 -0.51 0.08 0.28 0.37 0.30 0.08 -0.21 -0.33 -0.08 0.01 -0.03 0.28 0.33 0.17 -0.03
24 Gross output of nonprofit institutions 0.26 0.15 0.35 -0.53 0.41 0.25 0.53 -0.01 0.08 0.55 0.28 -0.08 0.04 0.05 0.38 0.64 0.17 0.61 0.04
25 Less: Receipts from sales of goods and services by nonprofit institutions 0.08 0.26 0.21 -0.07 0.91 0.16 0.25 -0.38 -0.21 0.48 0.49 0.25 0.12 0.04 0.41 0.36 -0.16 0.44 0.07
26 Gross private domestic investment 1.07 0.02 0.73 -0.28 -1.01 2.73 4.68 1.34 -1.67 -1.05 1.08 -1.63 1.42 1.80 0.16 0.64 1.47 0.16 -1.03
27 Fixed investment 0.48 0.43 0.66 1.65 0.99 -0.38 0.53 1.44 0.35 -0.33 -0.36 0.53 1.48 0.45 0.62 1.14 0.42 0.38 -0.20
28 Nonresidential 0.90 0.81 0.49 1.25 1.17 -0.21 0.47 1.66 0.94 1.01 0.76 0.71 1.30 0.16 0.52 0.61 0.53 0.55 -0.41
29 Structures 0.10 0.32 0.11 0.21 0.01 -0.11 -0.26 0.28 0.24 0.26 0.28 0.43 0.49 0.06 0.20 0.20 0.01 -0.16 0.09
30 Equipment 0.22 0.18 0.17 0.31 0.46 -0.54 0.10 0.75 0.05 0.33 0.05 0.04 0.61 -0.05 0.04 0.02 0.49 0.54 -0.47
31 Information processing equipment 0.13 -0.08 0.09 0.22 -0.01 -0.08 0.49 0.34 -0.15 0.14 -0.33 -0.07 -0.07 -0.04 0.16 0.06 0.13 0.29 -0.13
32 Industrial equipment 0.04 0.01 0.02 -0.02 0.20 0.07 0.06 0.07 -0.06 -0.06 0.08 0.02 0.01 -0.03 0.01 0.09 -0.05 0.06 -0.01
33 Transportation equipment 0.00 0.25 0.06 0.08 0.33 -0.51 -0.42 0.13 0.22 0.27 0.32 0.15 0.61 0.03 -0.17 -0.15 0.41 0.25 -0.23
34 Other equipment 0.05 -0.01 0.00 0.03 -0.05 -0.03 -0.02 0.20 0.05 -0.03 -0.01 -0.06 0.06 -0.01 0.03 0.02 0.00 -0.06 -0.10
35 Intellectual property products 0.58 0.31 0.21 0.72 0.70 0.44 0.63 0.63 0.65 0.42 0.42 0.24 0.21 0.15 0.28 0.40 0.04 0.17 -0.03
36 Software 0.32 0.16 0.14 0.49 0.35 0.22 0.26 0.45 0.31 0.22 0.27 0.06 0.11 0.14 0.21 0.24 0.05 0.06 0.06
37 Research and development 0.24 0.14 0.07 0.26 0.33 0.18 0.32 0.20 0.27 0.16 0.16 0.18 0.09 0.01 0.10 0.16 -0.01 0.11 -0.09
38 Entertainment, literary, and artistic originals 0.03 0.01 0.00 -0.03 0.02 0.04 0.05 -0.02 0.06 0.05 -0.01 0.00 0.01 0.00 -0.02 0.00 -0.01 0.00 0.00
39 Residential -0.42 -0.37 0.17 0.40 -0.18 -0.17 0.06 -0.22 -0.59 -1.34 -1.12 -0.18 0.17 0.30 0.10 0.53 -0.11 -0.18 0.22
40 Change in private inventories 0.59 -0.41 0.06 -1.93 -2.00 3.10 4.14 -0.10 -2.01 -0.72 1.44 -2.16 -0.06 1.34 -0.47 -0.49 1.05 -0.22 -0.84
41 Farm -0.04 0.04 0.05 0.24 -0.09 0.00 -0.08 0.01 -0.09 -0.05 0.12 -0.10 0.28 0.05 -0.05 -0.02 0.17 0.04 0.00
42 Nonfarm 0.63 -0.45 0.02 -2.16 -1.91 3.11 4.23 -0.11 -1.92 -0.67 1.32 -2.06 -0.34 1.29 -0.42 -0.47 0.88 -0.26 -0.83
43 Net exports of goods and services -0.42 0.49 -0.37 -1.14 -0.82 -1.10 -0.22 -2.40 0.50 2.50 0.56 0.33 -0.11 -0.10 0.09 -0.61 -0.90 -0.43 0.26
44 Exports 0.82 0.31 0.36 0.00 0.33 0.09 2.54 -0.51 1.40 1.63 -0.12 0.23 -0.54 0.53 0.66 0.21 0.12 1.01 -0.01
45 Goods 0.45 0.17 0.16 -0.10 0.09 -0.19 1.87 -0.74 0.84 1.53 -0.43 0.39 -0.86 0.53 0.37 -0.02 0.07 0.70 -0.33
46 Services 0.38 0.14 0.20 0.10 0.24 0.29 0.67 0.23 0.56 0.09 0.31 -0.17 0.31 0.00 0.29 0.23 0.05 0.31 0.32
47 Imports -1.24 0.17 -0.73 -1.14 -1.15 -1.19 -2.77 -1.90 -0.90 0.87 0.68 0.10 0.44 -0.63 -0.57 -0.82 -1.01 -1.44 0.27
48 Goods -0.81 0.22 -0.53 -0.94 -0.64 -0.12 -2.38 -1.60 -0.40 1.08 0.48 -0.04 0.57 -0.56 -0.19 -0.69 -0.90 -1.14 0.57
49 Services -0.43 -0.05 -0.20 -0.20 -0.51 -1.07 -0.39 -0.29 -0.50 -0.21 0.21 0.14 -0.13 -0.07 -0.38 -0.13 -0.12 -0.29 -0.30
50 Government consumption expenditures and gross investment -0.20 0.66 0.58 0.95 -0.78 -0.28 -0.04 -0.60 -0.27 0.26 0.90 0.84 0.48 0.94 0.61 0.30 0.52 0.86 0.52
51 Federal -0.22 0.19 0.16 1.14 -0.58 -0.53 0.21 -0.58 -0.22 -0.04 0.54 0.28 -0.08 0.33 -0.02 -0.02 0.27 0.55 0.25
52 National defense -0.15 0.12 0.11 -0.33 -0.11 -0.18 -0.14 -0.43 0.07 -0.11 0.26 0.17 0.03 0.24 -0.05 -0.09 0.23 0.48 0.18
53 Consumption expenditures -0.15 0.06 0.08 -0.14 -0.09 -0.18 -0.18 -0.35 0.00 -0.02 0.03 0.18 -0.04 0.22 -0.05 -0.01 0.10 0.32 0.15
54 Gross investment 0.00 0.05 0.03 -0.19 -0.02 0.00 0.04 -0.08 0.07 -0.09 0.24 -0.01 0.07 0.01 0.00 -0.08 0.13 0.16 0.03
55 Nondefense -0.07 0.07 0.05 1.47 -0.47 -0.35 0.35 -0.15 -0.29 0.07 0.28 0.11 -0.11 0.09 0.02 0.07 0.04 0.07 0.08
56 Consumption expenditures -0.09 0.03 0.04 1.40 -0.53 -0.40 0.32 -0.16 -0.30 0.05 0.20 0.03 -0.14 0.10 -0.01 0.09 0.03 0.06 0.06
57 Gross investment 0.03 0.04 0.01 0.07 0.06 0.05 0.03 0.01 0.01 0.02 0.07 0.07 0.03 -0.01 0.03 -0.02 0.01 0.01 0.02
58 State and local 0.02 0.47 0.41 -0.19 -0.20 0.26 -0.25 -0.01 -0.05 0.29 0.36 0.56 0.56 0.62 0.63 0.32 0.25 0.31 0.27
59 Consumption expenditures 0.09 0.31 0.20 -0.01 0.08 0.44 -0.12 -0.04 0.07 0.27 0.29 0.44 0.28 0.28 0.21 0.18 0.16 0.22 0.18
60 Gross investment -0.07 0.16 0.21 -0.17 -0.28 -0.19 -0.13 0.03 -0.12 0.02 0.07 0.12 0.29 0.33 0.42 0.14 0.09 0.09 0.09
r Revised
Source: U.S. Bureau of Economic Analysis

Table 3

Table 3. Gross Domestic Product: Level and Change from Preceding Period
Line Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars
Line 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Change from preceding period Change from preceding period Change from preceding period
Line 2024 r 2023 2024 2024 2024 2024 2024 r 2023 2024 2024 2024 2024 2024 r 2024 2024
Line 2024 r Q4 Q1 Q2 Q3 Q4 r 2024 r Q4 Q1 Q2 Q3 Q4 r 2024 r Q3 Q4 r
1 Gross domestic product (GDP) 29,184.9 28,297.0 28,624.1 29,016.7 29,374.9 29,723.9 23,305.0 22,960.6 23,053.5 23,223.9 23,400.3 23,542.3 633.9 176.4 142.1
2 Personal consumption expenditures 19,825.3 19,170.2 19,424.8 19,682.7 19,938.4 20,255.5 16,052.6 15,781.4 15,856.9 15,967.3 16,113.0 16,273.2 430.9 145.8 160.2
3 Goods 6,243.3 6,174.8 6,148.9 6,204.6 6,265.1 6,354.8 5,450.4 5,378.5 5,362.8 5,402.1 5,476.7 5,560.1 126.7 74.6 83.4
4 Durable goods 2,167.4 2,139.3 2,127.3 2,141.8 2,168.4 2,232.2 2,049.6 2,004.5 1,995.7 2,022.3 2,059.8 2,120.7 65.4 37.4 61.0
5 Motor vehicles and parts 728.6 730.7 711.9 715.6 723.2 763.8 582.2 573.7 562.5 571.5 584.0 610.9 -4.8 12.5 26.9
6 Furnishings and durable household equipment 486.0 479.1 478.3 480.5 489.3 496.0 437.3 424.5 424.6 432.9 442.9 448.8 18.3 9.9 5.9
7 Recreational goods and vehicles 663.0 648.2 651.7 658.4 665.3 676.8 770.6 753.7 750.7 760.0 773.1 798.6 46.9 13.0 25.6
8 Other durable goods 289.8 281.2 285.5 287.4 290.6 295.6 297.9 289.2 296.7 296.4 298.1 300.4 14.9 1.7 2.4
9 Nondurable goods 4,075.9 4,035.4 4,021.5 4,062.8 4,096.7 4,122.6 3,410.8 3,381.7 3,374.5 3,388.6 3,427.0 3,453.1 63.6 38.4 26.1
10 Food and beverages purchased for off-premises consumption 1,481.9 1,457.6 1,464.9 1,471.4 1,487.3 1,503.9 1,166.8 1,157.2 1,156.8 1,163.0 1,171.1 1,176.2 14.7 8.0 5.1
11 Clothing and footwear 522.7 514.5 517.3 521.2 523.4 528.8 501.9 498.5 502.2 498.2 500.6 506.7 8.1 2.4 6.1
12 Gasoline and other energy goods 439.8 464.0 443.3 456.2 436.6 423.2 315.9 317.7 310.6 316.3 319.1 317.5 -1.4 2.7 -1.5
13 Other nondurable goods 1,631.6 1,599.4 1,596.2 1,614.0 1,649.3 1,666.7 1,438.3 1,419.2 1,417.7 1,422.0 1,447.9 1,465.7 45.4 25.9 17.9
14 Services 13,582.0 12,995.4 13,275.9 13,478.1 13,673.3 13,900.7 10,621.9 10,423.6 10,511.3 10,582.7 10,656.7 10,736.9 303.2 74.0 80.2
15 Household consumption expenditures (for services) 12,957.1 12,433.4 12,688.9 12,856.8 13,029.8 13,253.1 10,190.6 10,025.3 10,097.7 10,151.0 10,215.7 10,298.0 273.1 64.8 82.3
16 Housing and utilities 3,552.8 3,421.2 3,479.7 3,534.0 3,575.3 3,622.3 2,635.4 2,617.1 2,621.9 2,634.2 2,639.3 2,646.4 24.8 5.1 7.1
17 Health care 3,314.2 3,148.8 3,233.6 3,274.3 3,344.0 3,405.1 2,816.0 2,720.9 2,767.3 2,789.0 2,837.5 2,870.3 149.0 48.5 32.8
18 Transportation services 656.5 632.0 637.6 659.4 654.4 674.6 497.8 486.1 486.8 503.7 498.1 502.6 16.7 -5.6 4.5
19 Recreation services 779.1 754.6 769.1 773.6 778.9 794.8 619.0 611.1 614.9 617.9 618.2 625.0 10.9 0.3 6.7
20 Food services and accommodations 1,428.4 1,403.4 1,409.4 1,417.5 1,431.5 1,455.1 1,067.2 1,070.4 1,063.9 1,063.2 1,067.1 1,074.6 13.6 3.9 7.5
21 Financial services and insurance 1,557.7 1,459.2 1,516.4 1,535.8 1,572.1 1,606.4 1,162.4 1,139.4 1,156.2 1,153.9 1,165.4 1,174.3 30.7 11.5 8.9
22 Other services 1,668.4 1,614.3 1,643.1 1,662.2 1,673.5 1,694.9 1,411.0 1,392.8 1,402.6 1,405.5 1,409.5 1,426.5 35.9 4.0 17.1
23 Final consumption expenditures of nonprofit institutions serving households 624.8 562.0 587.0 621.3 643.5 647.5 432.6 402.4 416.4 432.8 441.3 439.9 28.1 8.5 -1.4
24 Gross output of nonprofit institutions 2,219.1 2,090.7 2,158.0 2,190.4 2,253.6 2,274.5 1,740.3 1,679.1 1,715.3 1,724.8 1,759.3 1,761.7 79.0 34.5 2.3
25 Less: Receipts from sales of goods and services by nonprofit institutions 1,594.3 1,528.7 1,571.0 1,569.1 1,610.1 1,627.0 1,309.2 1,280.9 1,302.1 1,292.9 1,318.9 1,323.1 49.4 26.1 4.1
26 Gross private domestic investment 5,272.9 5,102.8 5,159.9 5,297.8 5,345.2 5,288.8 4,336.1 4,244.8 4,282.5 4,369.2 4,377.7 4,315.1 166.9 8.6 -62.6
27 Fixed investment 5,221.0 5,046.1 5,138.5 5,201.1 5,269.2 5,275.1 4,257.7 4,164.9 4,231.4 4,255.7 4,277.7 4,265.9 153.8 22.0 -11.9
28 Nonresidential 4,034.9 3,901.5 3,957.8 4,018.5 4,089.4 4,073.9 3,506.6 3,432.9 3,471.0 3,504.1 3,538.8 3,512.4 122.0 34.7 -26.4
29 Structures 913.3 905.8 914.9 916.0 908.6 913.7 677.0 669.7 679.9 680.2 671.6 676.4 22.7 -8.6 4.8
30 Equipment 1,505.9 1,443.9 1,458.8 1,499.7 1,548.1 1,516.9 1,328.4 1,294.6 1,295.7 1,326.5 1,361.0 1,330.4 43.2 34.5 -30.6
31 Information processing equipment 502.0 475.3 483.7 495.1 518.4 510.8 517.6 497.7 502.0 511.7 533.3 523.3 26.1 21.6 -10.0
32 Industrial equipment 326.4 314.5 324.0 323.2 329.1 329.2 260.5 255.8 260.9 258.2 261.7 261.1 4.5 3.6 -0.7
33 Transportation equipment 349.5 327.6 320.6 349.8 372.4 355.2 306.1 292.4 282.7 308.3 324.1 309.1 15.9 15.8 -14.9
34 Other equipment 327.9 326.6 330.4 331.5 328.2 321.7 252.8 254.7 256.0 255.8 252.4 247.0 0.0 -3.3 -5.5
35 Intellectual property products 1,615.7 1,551.7 1,584.1 1,602.7 1,632.8 1,643.3 1,502.3 1,468.3 1,495.0 1,497.7 1,509.2 1,507.2 56.4 11.5 -2.0
36 Software 696.9 660.6 675.2 690.7 707.3 714.5 767.7 741.8 760.9 765.3 769.9 774.6 45.5 4.7 4.7
37 Research and development 804.9 779.7 795.0 798.6 811.6 814.5 661.9 650.9 660.1 659.7 666.6 661.2 16.9 6.9 -5.4
38 Entertainment, literary, and artistic originals 113.9 111.5 113.9 113.5 113.8 114.3 92.0 92.2 92.4 91.9 91.8 91.8 -0.9 -0.1 0.0
39 Residential 1,186.1 1,144.7 1,180.7 1,182.6 1,179.7 1,201.2 794.9 775.5 800.8 795.2 786.5 797.1 32.2 -8.7 10.6
40 Change in private inventories 52.0 56.7 21.4 96.8 76.0 13.6 39.0 44.6 17.7 71.7 57.9 8.9 6.0 -13.8 -49.0
41 Farm 6.0 -2.9 -3.5 7.7 9.7 10.1 1.7 -3.8 -3.1 2.7 3.7 3.5 4.1 0.9 -0.2
42 Nonfarm 46.0 59.6 24.9 89.1 66.3 3.5 37.2 48.6 21.2 68.9 54.0 4.9 1.7 -15.0 -49.1
43 Net exports of goods and services -903.1 -791.2 -841.6 -906.9 -943.7 -920.1 -1,033.6 -936.7 -977.0 -1,035.7 -1,069.2 -1,052.7 -100.8 -33.6 16.6
44 Exports 3,180.2 3,091.7 3,125.4 3,154.3 3,220.3 3,220.9 2,606.4 2,559.6 2,571.8 2,578.4 2,638.2 2,637.2 82.6 59.8 -1.0
45 Goods 2,059.2 2,034.3 2,037.0 2,053.4 2,088.3 2,058.0 1,731.6 1,713.6 1,712.5 1,716.5 1,759.0 1,738.3 37.3 42.5 -20.7
46 Services 1,121.1 1,057.4 1,088.4 1,100.9 1,132.0 1,162.9 878.1 850.0 862.8 865.5 883.0 901.2 44.6 17.6 18.1
47 Imports 4,083.3 3,882.9 3,967.0 4,061.2 4,164.0 4,141.0 3,640.0 3,496.3 3,548.7 3,614.0 3,707.4 3,689.8 183.4 93.4 -17.6
48 Goods 3,261.0 3,106.5 3,170.1 3,252.8 3,331.8 3,289.4 2,963.6 2,846.1 2,891.1 2,949.9 3,025.6 2,987.9 135.5 75.7 -37.7
49 Services 822.3 776.4 796.9 808.4 832.2 851.6 676.0 649.8 657.4 664.4 682.1 699.9 46.6 17.6 17.9
50 Government consumption expenditures and gross investment 4,989.7 4,815.2 4,881.0 4,943.0 5,035.0 5,099.7 3,941.8 3,870.7 3,887.7 3,917.0 3,966.2 3,996.3 130.1 49.2 30.0
51 Federal 1,867.6 1,796.2 1,810.3 1,842.2 1,893.4 1,924.7 1,503.7 1,473.5 1,472.2 1,487.8 1,520.0 1,534.9 37.6 32.2 15.0
52 National defense 1,070.4 1,025.4 1,028.4 1,051.5 1,091.3 1,110.6 851.2 830.3 825.0 838.0 865.7 876.0 25.9 27.8 10.2
53 Consumption expenditures 838.0 802.7 810.8 823.7 851.2 866.5 652.3 637.3 636.8 642.5 660.7 669.1 18.4 18.3 8.4
54 Gross investment 232.4 222.7 217.6 227.8 240.1 244.0 200.1 194.1 188.9 196.7 206.5 208.3 7.7 9.8 1.8
55 Nondefense 797.2 770.8 781.9 790.7 802.1 814.2 652.4 643.2 647.3 649.8 654.0 658.7 11.6 4.2 4.7
56 Consumption expenditures 567.8 544.3 556.6 562.7 571.5 580.4 454.4 445.4 450.5 452.2 455.6 459.2 9.7 3.4 3.6
57 Gross investment 229.4 226.5 225.3 228.0 230.6 233.7 198.7 198.7 197.5 198.3 199.0 200.1 1.7 0.7 1.1
58 State and local 3,122.0 3,019.0 3,070.7 3,100.9 3,141.6 3,175.0 2,436.9 2,395.9 2,414.0 2,427.9 2,445.3 2,460.4 91.8 17.4 15.2
59 Consumption expenditures 2,510.8 2,434.7 2,472.7 2,495.7 2,525.0 2,549.9 1,980.0 1,954.6 1,964.6 1,973.4 1,985.8 1,996.0 46.0 12.3 10.2
60 Gross investment 611.2 584.3 598.0 605.1 616.6 625.1 454.2 439.1 446.8 451.7 456.7 461.5 44.0 4.9 4.8
61 Residual .... .... .... .... .... .... -122.8 -120.8 -119.2 -114.1 -123.4 -134.6 .... .... ....
Addenda:
62 Gross domestic income (GDI) 1 28,980.2 28,082.7 28,499.2 28,821.9 29,055.4 29,544.3 23,141.6 22,786.7 22,953.0 23,068.0 23,145.7 23,400.1 670.5 77.8 254.4
63 Average of GDP and GDI 29,082.5 28,189.8 28,561.6 28,919.3 29,215.1 29,634.1 23,223.3 22,873.7 23,003.3 23,145.9 23,273.0 23,471.2 652.2 127.1 198.2
64 Final sales of domestic product 29,132.9 28,240.3 28,602.7 28,919.9 29,298.9 29,710.2 23,228.0 22,881.9 23,003.2 23,113.1 23,302.4 23,493.4 621.4 189.3 191.0
65 Gross domestic purchases 30,087.9 29,088.1 29,465.6 29,923.6 30,318.6 30,643.9 24,320.6 23,887.4 24,017.2 24,242.6 24,446.9 24,575.8 727.5 204.3 128.9
66 Final sales to domestic purchasers 30,036.0 29,031.4 29,444.2 29,826.8 30,242.6 30,630.3 24,243.4 23,808.6 23,967.1 24,131.2 24,348.5 24,527.0 714.8 217.3 178.5
67 Final sales to private domestic purchasers 25,046.3 24,216.3 24,563.3 24,883.8 25,207.6 25,530.6 20,310.3 19,946.4 20,088.1 20,222.9 20,390.7 20,539.3 584.7 167.8 148.5
68 GDP 29,184.9 28,297.0 28,624.1 29,016.7 29,374.9 29,723.9 23,305.0 22,960.6 23,053.5 23,223.9 23,400.3 23,542.3 633.9 176.4 142.1
69 Plus: Income receipts from the rest of the world 1,488.8 1,454.2 1,493.0 1,504.0 1,442.0 1,516.2 1,257.1 1,247.9 1,271.2 1,272.7 1,214.4 1,269.9 37.4 -58.3 55.6
70 Less: Income payments to the rest of the world 1,430.6 1,359.3 1,410.8 1,444.1 1,428.9 1,438.6 1,208.2 1,166.8 1,201.5 1,222.3 1,203.6 1,205.2 74.7 -18.7 1.6
71 Equals: Gross national product 29,243.1 28,391.8 28,706.3 29,076.6 29,388.1 29,801.5 23,368.5 23,054.3 23,136.5 23,288.7 23,427.7 23,620.9 599.1 139.0 193.2
72 Net domestic product 24,368.6 23,628.5 23,910.0 24,235.7 24,521.0 24,807.8 19,383.9 19,111.9 19,177.9 19,317.6 19,463.7 19,576.5 519.8 146.0 112.8
r Revised
1. Real gross domestic income is gross domestic income deflated by the implicit price deflator for gross domestic product.
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.
Source: U.S. Bureau of Economic Analysis

Table 4

Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change from Preceding Period
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
1 Gross domestic product (GDP) 7.1 3.6 2.4 5.2 6.2 6.2 7.0 8.5 9.3 4.5 3.7 3.6 1.9 3.2 1.5 3.0 2.5 1.9 2.3
2 Personal consumption expenditures 6.6 3.8 2.5 4.6 6.4 5.6 6.8 7.7 7.6 4.7 4.0 3.9 2.9 2.7 1.7 3.4 2.5 1.5 2.4
3 Goods 8.6 1.2 -0.4 5.6 8.7 7.3 10.6 12.0 10.5 2.4 0.2 0.8 0.6 0.5 -1.6 -0.5 0.7 -1.6 -0.4
4 Durable goods 6.5 -0.8 -2.1 1.4 13.8 9.5 9.6 9.0 1.2 2.9 -1.4 -0.5 -0.3 -4.3 -3.2 -0.5 -2.6 -2.4 -0.1
5 Nondurable goods 9.9 2.3 0.5 8.0 5.9 6.1 11.2 13.7 16.0 2.2 1.1 1.4 1.1 3.2 -0.7 -0.5 2.5 -1.2 -0.5
6 Services 5.5 5.1 3.9 4.1 5.2 4.8 4.9 5.6 6.1 5.9 6.0 5.6 4.1 3.8 3.2 5.3 3.4 3.0 3.7
7 Gross private domestic investment 7.8 3.2 1.7 2.5 3.1 6.2 8.1 9.7 9.3 7.2 3.6 3.8 -1.0 1.7 2.2 0.9 2.5 3.0 1.6
8 Fixed investment 8.0 3.3 1.8 2.8 3.9 7.0 8.2 9.7 9.8 7.0 3.8 3.5 -0.1 1.4 2.3 0.9 2.6 3.2 1.6
9 Nonresidential 6.1 3.5 1.6 -0.2 0.3 4.3 6.8 6.9 8.0 6.5 3.4 5.5 0.2 0.5 1.7 1.3 2.3 3.1 1.5
10 Structures 16.1 5.5 -0.2 0.5 6.1 9.0 23.7 17.2 17.9 17.0 8.1 6.0 -1.1 -3.8 3.4 -2.0 0.3 1.9 -0.6
11 Equipment 6.2 4.6 2.2 2.3 -2.9 5.3 5.3 7.7 9.0 6.4 5.9 7.0 0.2 2.5 1.1 3.8 1.7 2.5 1.0
12 Intellectual property products 1.1 1.4 2.2 -3.1 0.4 1.0 0.5 1.2 2.3 1.3 -1.5 3.9 1.0 1.1 1.2 1.0 4.0 4.4 3.2
13 Residential 13.8 2.8 2.4 11.8 14.9 15.1 12.5 18.1 15.0 8.7 5.5 -2.9 -1.2 4.9 4.5 -0.4 3.5 3.5 1.9
14 Change in private inventories .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
15 Net exports of goods and services .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
16 Exports 9.8 -1.6 0.9 20.7 18.5 9.7 6.7 18.0 19.9 -9.1 -5.9 -0.1 -3.6 4.1 -2.1 2.5 2.7 -0.9 0.2
17 Goods 11.6 -4.3 -0.3 26.1 24.0 11.1 7.4 23.2 26.5 -13.9 -11.2 -3.0 -6.4 4.4 -3.4 0.8 2.3 -3.0 -1.1
18 Services 6.1 4.2 3.2 10.3 7.5 6.7 5.3 7.4 6.6 2.5 6.3 6.1 2.0 3.5 0.3 5.8 3.4 3.1 2.7
19 Imports 7.2 -2.0 0.7 12.0 12.7 5.9 6.7 13.4 11.6 -4.7 -4.5 -1.6 -4.6 0.1 0.0 2.6 2.1 -0.2 -0.3
20 Goods 7.5 -3.2 0.5 13.3 13.6 5.7 7.2 15.5 12.2 -6.8 -7.0 -2.6 -5.6 0.1 0.3 1.8 2.3 -0.5 -0.1
21 Services 6.0 3.1 1.6 5.5 8.8 6.8 4.6 4.1 8.8 5.2 7.1 2.8 0.0 0.0 -1.2 5.9 1.5 1.1 -1.1
22 Government consumption expenditures and gross investment 7.2 1.8 2.4 6.8 6.7 5.9 7.0 8.4 11.7 2.3 2.2 0.2 -1.0 4.0 1.3 3.7 2.1 2.4 2.1
23 Federal 5.8 4.3 3.3 3.1 4.4 4.8 5.0 6.6 7.5 5.3 4.1 4.3 3.5 3.8 3.8 3.6 2.8 2.4 2.7
24 National defense 6.5 4.4 3.6 4.3 4.7 4.7 5.2 8.7 9.5 3.9 3.8 3.6 4.4 4.5 4.9 3.8 2.7 1.9 2.3
25 Nondefense 4.8 4.3 3.0 1.5 3.9 5.0 4.8 3.8 4.9 7.2 4.6 5.2 2.4 3.0 2.5 3.2 3.0 3.2 3.1
26 State and local 8.0 0.4 1.9 9.2 8.1 6.6 8.1 9.6 14.3 0.6 1.1 -2.1 -3.7 4.0 -0.1 3.9 1.6 2.4 1.8
Addenda:
27 Final sales of domestic product 7.2 3.6 2.4 5.3 6.3 6.3 7.1 8.5 9.4 4.5 3.8 3.6 2.0 3.2 1.5 3.0 2.5 2.0 2.3
28 Gross domestic purchases 6.9 3.3 2.4 4.6 5.9 5.8 7.0 8.2 8.5 4.7 3.6 3.3 1.6 2.7 1.7 3.0 2.4 1.9 2.2
29 Final sales to domestic purchasers 6.9 3.4 2.4 4.7 6.0 5.9 7.0 8.2 8.6 4.7 3.7 3.2 1.7 2.7 1.7 3.0 2.5 2.0 2.2
30 Final sales to private domestic purchasers 6.9 3.7 2.4 4.2 5.9 5.9 7.1 8.1 8.0 5.2 4.0 3.9 2.3 2.4 1.8 2.9 2.5 1.9 2.2
31 Gross national product (GNP) 7.1 3.6 2.4 5.2 6.2 6.2 7.0 8.5 9.3 4.5 3.7 3.6 1.9 3.2 1.5 3.0 2.5 1.9 2.3
32 GDP excluding food and energy 1 6.3 3.9 2.7 4.2 5.9 5.6 6.5 7.0 7.4 5.3 4.1 4.2 2.5 2.8 2.4 3.1 2.7 2.5 2.6
33 Gross domestic purchases excluding food and energy 1 6.2 3.5 2.5 3.9 5.6 5.4 6.2 7.2 7.0 5.0 4.0 3.6 2.2 2.5 1.9 3.2 2.6 2.4 2.3
34 PCE excluding food and energy 1 5.4 4.1 2.8 3.4 5.9 4.9 5.3 6.1 4.8 5.2 4.7 4.7 3.8 2.4 2.0 3.7 2.8 2.2 2.6
35 Market-based PCE 2 6.4 3.6 2.2 4.0 5.7 5.1 6.5 7.8 7.9 4.6 3.6 3.8 2.6 2.6 1.9 2.8 2.1 1.3 2.1
36 Market-based PCE excluding food and energy 1,2 5.0 4.0 2.5 2.5 5.0 4.2 4.8 5.9 4.8 5.2 4.3 4.7 3.7 2.1 2.4 3.1 2.3 2.0 2.3
Implicit price deflators:
37 GDP 7.1 3.6 2.4 5.2 6.3 6.1 7.1 8.4 9.4 4.6 3.7 3.7 1.8 3.2 1.6 3.0 2.5 1.9 2.3
38 Gross domestic purchases 6.9 3.4 2.3 4.6 6.0 5.7 7.1 8.1 8.6 4.8 3.6 3.3 1.5 2.7 1.7 3.0 2.5 1.9 2.2
39 GNP 7.1 3.6 2.4 5.2 6.3 6.1 7.1 8.4 9.4 4.6 3.7 3.7 1.8 3.2 1.6 3.0 2.5 1.9 2.3
r Revised
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.
Source: U.S. Bureau of Economic Analysis

Table 5

Table 5. Real Gross Domestic Product: Annual Percent Change
Line Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from preceding year Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago Percent change from fourth quarter to fourth quarter one year ago
Line 2017 2018 2019 2020 2021 2022 2023 2024 r 2017 2018 2019 2020 2021 2022 2023 2024 r
1 Gross domestic product (GDP) 2.5 3.0 2.6 -2.2 6.1 2.5 2.9 2.8 3.0 2.1 3.4 -1.0 5.7 1.3 3.2 2.5
2 Personal consumption expenditures (PCE) 2.6 2.7 2.1 -2.5 8.8 3.0 2.5 2.8 3.1 2.0 2.8 -0.8 7.7 1.6 3.0 3.1
3 Goods 4.1 4.0 3.1 4.6 11.3 -0.6 1.9 2.4 5.4 2.1 3.8 8.6 6.3 -1.5 3.4 3.4
4 Durable goods 6.8 6.6 3.3 7.1 16.6 -1.9 3.9 3.3 8.6 2.8 5.2 14.4 5.2 -1.5 5.8 5.8
5 Nondurable goods 2.8 2.6 3.0 3.4 8.6 0.1 0.8 1.9 3.8 1.8 3.1 5.6 6.8 -1.6 2.2 2.1
6 Services 1.9 2.2 1.7 -5.8 7.5 5.0 2.9 2.9 2.0 2.0 2.4 -5.1 8.4 3.2 2.8 3.0
7 Gross private domestic investment 4.4 5.8 3.2 -4.5 8.8 6.0 0.1 4.0 4.9 4.7 1.2 2.5 8.1 -0.5 2.2 1.7
8 Fixed investment 4.5 5.1 2.7 -1.9 7.3 2.7 2.4 3.7 5.5 3.3 2.9 1.1 3.8 1.6 4.4 2.4
9 Nonresidential 4.6 6.9 3.8 -4.6 6.0 7.0 6.0 3.6 5.6 5.6 3.1 -3.3 4.9 8.5 5.0 2.3
10 Structures 2.6 5.8 2.3 -9.2 -2.6 3.6 10.8 3.5 -0.4 3.5 5.9 -13.8 -1.2 9.7 9.7 1.0
11 Equipment 3.8 5.9 1.0 -10.1 6.7 4.4 3.5 3.4 7.5 3.3 -2.2 -3.5 1.0 6.1 3.1 2.8
12 Intellectual property products 6.9 8.9 8.2 4.5 10.2 11.2 5.8 3.9 7.2 9.9 7.8 3.3 12.3 10.3 4.1 2.6
13 Residential 4.3 -0.7 -0.9 7.7 10.9 -8.6 -8.3 4.2 5.1 -4.1 2.3 16.6 0.6 -16.4 2.5 2.8
14 Change in private inventories .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
15 Net exports of goods and services .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
16 Exports 4.1 2.9 0.5 -13.1 6.5 7.5 2.8 3.3 6.1 0.3 1.1 -9.9 7.0 5.0 2.0 3.0
17 Goods 4.1 4.2 0.2 -10.1 7.7 5.9 2.3 2.2 6.1 1.6 0.2 -4.5 5.6 3.4 1.5 1.4
18 Services 4.1 0.3 1.2 -18.7 4.0 11.1 3.8 5.4 6.0 -1.9 2.7 -19.5 10.0 8.6 2.9 6.0
19 Imports 4.7 4.0 1.2 -9.0 14.7 8.6 -1.2 5.3 5.8 3.0 -1.8 0.0 11.4 2.0 1.2 5.5
20 Goods 4.5 5.1 0.5 -5.9 14.5 6.7 -1.8 4.8 5.5 3.7 -2.6 5.1 8.7 0.8 0.4 5.0
21 Services 5.7 -0.6 4.0 -21.8 15.7 17.8 1.6 7.4 7.1 -0.1 1.5 -20.4 25.7 8.0 4.2 7.7
22 Government consumption expenditures and gross investment 0.6 2.0 3.9 3.4 -0.3 -1.1 3.9 3.4 1.0 1.9 4.8 1.3 -0.3 0.5 4.3 3.2
23 Federal 0.5 3.5 3.8 6.3 1.8 -3.2 2.9 2.6 1.4 3.5 4.0 5.1 0.7 -1.0 2.1 4.2
24 National defense 1.0 3.5 5.4 3.0 -1.0 -3.9 3.2 3.1 2.1 4.5 4.3 4.2 -4.8 -1.4 2.7 5.5
25 Nondefense -0.2 3.4 1.6 11.2 5.8 -2.3 2.5 1.8 0.4 2.1 3.5 6.4 8.8 -0.5 1.2 2.4
26 State and local 0.6 1.1 3.9 1.7 -1.6 0.2 4.4 3.9 0.8 0.9 5.3 -1.0 -0.9 1.4 5.7 2.7
Addenda:
27 Gross domestic income (GDI) 1 2.4 3.0 2.6 -2.4 6.6 2.8 1.7 3.0 3.0 2.8 2.6 0.1 5.1 1.0 2.9 2.7
28 Average of GDP and GDI 2.4 3.0 2.6 -2.3 6.3 2.7 2.3 2.9 3.0 2.4 3.0 -0.5 5.4 1.1 3.1 2.6
29 Final sales of domestic product 2.5 2.9 2.5 -1.7 5.8 1.9 3.3 2.7 3.1 1.9 3.7 -1.3 5.0 1.7 3.6 2.7
30 Gross domestic purchases 2.6 3.1 2.6 -1.9 7.1 2.8 2.3 3.1 3.0 2.5 2.9 0.1 6.4 1.0 3.1 2.9
31 Final sales to domestic purchasers 2.6 3.0 2.5 -1.4 6.9 2.3 2.7 3.0 3.1 2.2 3.2 -0.1 5.6 1.4 3.5 3.0
32 Final sales to private domestic purchasers 3.0 3.2 2.3 -2.4 8.5 3.0 2.5 3.0 3.6 2.3 2.9 -0.4 6.9 1.6 3.3 3.0
33 Gross national product 2.7 2.9 2.5 -2.5 5.7 2.4 2.7 2.6 3.3 1.8 3.2 -1.4 5.5 1.2 3.0 2.5
34 Real disposable personal income 3.1 3.6 3.1 6.3 3.4 -5.5 5.1 2.7 3.5 4.0 2.3 4.5 1.0 -0.8 4.6 2.2
Price indexes:
35 Gross domestic purchases 1.8 2.2 1.4 1.3 4.2 6.9 3.3 2.4 1.9 2.1 1.3 1.6 5.8 6.3 2.3 2.4
36 Gross domestic purchases excluding food and energy 2 1.7 2.1 1.6 1.5 3.9 6.2 3.5 2.5 1.7 2.2 1.4 1.8 5.3 5.8 2.6 2.6
37 GDP 1.8 2.3 1.7 1.3 4.5 7.1 3.6 2.4 1.9 2.2 1.5 1.7 6.2 6.5 2.6 2.5
38 GDP excluding food and energy 2 1.8 2.3 1.8 1.5 4.1 6.3 3.9 2.7 1.9 2.4 1.6 1.8 5.5 6.0 3.0 2.7
39 PCE 1.7 2.0 1.4 1.1 4.1 6.6 3.8 2.5 1.7 2.0 1.4 1.2 5.8 6.0 2.8 2.5
40 PCE excluding food and energy 2 1.6 1.9 1.6 1.3 3.6 5.4 4.1 2.8 1.6 2.0 1.6 1.4 4.9 5.2 3.2 2.8
41 Market-based PCE 3 1.4 1.8 1.3 1.0 3.6 6.4 3.6 2.2 1.4 1.7 1.3 1.0 5.3 6.0 2.7 2.1
42 Market-based PCE excluding food and energy 2,3 1.2 1.6 1.5 1.3 2.9 5.0 4.0 2.5 1.2 1.7 1.5 1.3 4.1 5.0 3.2 2.4
r Revised
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
3. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.
Note. Estimates under the Percent change from preceding year columns are calculated from annual data. Estimates under the Percent change from fourth quarter to fourth quarter columns are calculated from fourth quarter values relative to the same quarter one year prior.
Source: U.S. Bureau of Economic Analysis

Table 6

Table 6. Real Gross Domestic Product: Percent Change from Quarter One Year Ago
Line 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
1 Gross domestic product (GDP) 1.8 12.2 5.0 5.7 4.0 2.5 2.3 1.3 2.3 2.8 3.2 3.2 2.9 3.0 2.7 2.5
2 Personal consumption expenditures (PCE) 3.2 16.9 8.0 7.7 5.5 2.8 2.4 1.6 2.6 2.2 2.4 3.0 2.2 2.7 3.0 3.1
3 Goods 13.8 20.5 5.9 6.3 1.6 -2.2 -0.2 -1.5 0.7 1.0 2.4 3.4 1.3 2.1 2.7 3.4
4 Durable goods 28.3 33.3 4.3 5.2 -1.6 -5.4 1.1 -1.5 2.5 2.9 4.5 5.8 1.2 2.6 3.5 5.8
5 Nondurable goods 6.8 14.2 6.8 6.8 3.4 -0.3 -1.0 -1.6 -0.3 -0.1 1.3 2.2 1.4 1.9 2.2 2.1
6 Services -1.7 15.0 9.2 8.4 7.7 5.4 3.7 3.2 3.5 2.8 2.4 2.8 2.7 2.9 3.1 3.0
7 Gross private domestic investment 4.5 19.4 4.7 8.1 10.7 10.0 4.4 -0.5 -4.5 -0.5 3.4 2.2 5.5 5.6 3.3 1.7
8 Fixed investment 4.2 14.6 7.0 3.8 3.6 2.7 2.8 1.6 0.3 1.9 3.0 4.4 5.3 3.7 3.6 2.4
9 Nonresidential 0.8 12.0 6.8 4.9 5.9 5.5 7.9 8.5 6.5 7.1 5.4 5.0 4.8 3.3 4.1 2.3
10 Structures -10.9 1.0 1.7 -1.2 -0.7 1.3 4.5 9.7 10.6 12.5 10.5 9.7 7.6 3.6 1.9 1.0
11 Equipment 3.5 19.2 4.7 1.0 3.5 1.7 6.2 6.1 2.4 5.2 3.2 3.1 3.0 2.4 5.3 2.8
12 Intellectual property products 5.3 11.5 11.7 12.3 11.8 11.5 11.4 10.3 8.2 6.1 4.8 4.1 4.9 4.0 4.1 2.6
13 Residential 15.2 22.9 7.3 0.6 -2.6 -4.7 -10.6 -16.4 -16.4 -12.8 -4.5 2.5 7.0 5.1 2.1 2.8
14 Change in private inventories .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
15 Net exports of goods and services .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
16 Exports -5.8 20.4 7.3 7.0 5.7 8.0 11.5 5.0 6.8 2.4 0.2 2.0 2.0 3.5 4.6 3.0
17 Goods -3.5 27.4 5.8 5.6 3.3 5.7 11.4 3.4 7.4 1.7 -1.2 1.5 0.1 3.3 4.0 1.4
18 Services -10.2 8.3 10.4 10.0 10.9 13.3 11.6 8.6 5.6 3.7 3.1 2.9 5.7 3.8 5.9 6.0
19 Imports 5.9 30.3 13.9 11.4 12.6 12.0 8.2 2.0 -1.3 -3.5 -1.0 1.2 2.9 5.6 7.1 5.5
20 Goods 10.0 31.6 10.8 8.7 10.1 9.5 6.9 0.8 -2.3 -4.3 -1.0 0.4 2.0 5.4 6.8 5.0
21 Services -11.6 24.1 31.0 25.7 26.4 25.1 14.3 8.0 3.6 0.1 -1.2 4.2 6.7 6.5 8.7 7.7
22 Government consumption expenditures and gross investment 1.5 -1.7 -0.6 -0.3 -2.4 -1.7 -0.9 0.5 2.6 3.7 4.8 4.3 3.5 3.5 3.4 3.2
23 Federal 8.2 -1.3 0.0 0.7 -5.3 -4.2 -2.4 -1.0 2.4 2.9 4.4 2.1 0.8 2.2 3.1 4.2
24 National defense 1.5 0.2 -0.9 -4.8 -5.6 -4.5 -4.1 -1.4 2.8 2.5 5.0 2.7 0.9 2.2 3.9 5.5
25 Nondefense 18.2 -3.2 1.2 8.8 -4.9 -3.7 -0.1 -0.5 1.8 3.5 3.6 1.2 0.8 2.1 1.9 2.4
26 State and local -2.4 -2.0 -0.9 -0.9 -0.5 -0.1 0.0 1.4 2.7 4.2 5.0 5.7 5.1 4.3 3.6 2.7
Addenda:
27 Gross domestic income (GDI) 1 1.7 12.9 7.2 5.1 4.5 3.0 2.9 1.0 1.0 1.6 1.3 2.9 3.2 3.2 2.9 2.7
28 Average of GDP and GDI 1.8 12.6 6.1 5.4 4.2 2.8 2.6 1.1 1.6 2.2 2.3 3.1 3.1 3.1 2.8 2.6
29 Final sales of domestic product 1.7 11.5 5.4 5.0 2.8 1.2 2.0 1.7 3.2 3.3 3.2 3.6 2.9 2.7 2.8 2.7
30 Gross domestic purchases 3.1 13.6 5.9 6.4 5.0 3.2 2.2 1.0 1.3 1.9 3.0 3.1 3.0 3.3 3.1 2.9
31 Final sales to domestic purchasers 3.1 12.9 6.3 5.6 3.8 2.0 1.9 1.4 2.2 2.4 2.9 3.5 3.0 3.0 3.2 3.0
32 Final sales to private domestic purchasers 3.4 16.4 7.8 6.9 5.1 2.8 2.5 1.6 2.1 2.1 2.5 3.3 2.9 2.9 3.1 3.0
33 Gross national product 1.3 11.9 4.6 5.5 3.7 2.5 2.4 1.2 2.2 2.6 2.9 3.0 2.8 2.9 2.4 2.5
34 Real disposable personal income 16.3 -2.4 0.0 1.0 -12.5 -5.5 -2.9 -0.8 4.8 6.1 4.8 4.6 3.4 2.8 2.5 2.2
Price indexes:
35 Gross domestic purchases 2.3 4.0 4.7 5.8 6.7 7.4 7.1 6.3 5.0 3.3 2.8 2.3 2.3 2.5 2.3 2.4
36 Gross domestic purchases excluding food and energy 2 2.2 3.7 4.3 5.3 6.1 6.4 6.3 5.8 4.9 3.7 3.1 2.6 2.4 2.6 2.5 2.6
37 GDP 2.5 4.4 5.1 6.2 7.0 7.8 7.3 6.5 5.3 3.4 3.1 2.6 2.4 2.6 2.2 2.5
38 GDP excluding food and energy 2 2.3 4.0 4.6 5.5 6.2 6.6 6.5 6.0 5.3 4.0 3.4 3.0 2.7 2.8 2.7 2.7
39 PCE 2.0 4.0 4.6 5.8 6.6 6.9 6.7 6.0 5.0 3.9 3.4 2.8 2.7 2.6 2.3 2.5
40 PCE excluding food and energy 2 1.9 3.5 4.0 4.9 5.6 5.3 5.4 5.2 4.9 4.6 3.9 3.2 3.0 2.7 2.7 2.8
41 Market-based PCE 3 1.7 3.4 4.0 5.3 6.3 6.8 6.7 6.0 5.0 3.7 3.1 2.7 2.5 2.3 2.0 2.1
42 Market-based PCE excluding food and energy 2,3 1.5 2.7 3.2 4.1 5.0 4.9 5.2 5.0 4.7 4.5 3.7 3.2 2.8 2.5 2.4 2.4
r Revised
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
3. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.
Source: U.S. Bureau of Economic Analysis

Table 7

Table 7. Relation of Gross Domestic Product, Gross National Product, and National Income
[Billions of dollars]
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q4 Q1 Q2 Q3 Q4 r
1 Gross domestic product (GDP) 26,006.9 27,720.7 29,184.9 28,297.0 28,624.1 29,016.7 29,374.9 29,723.9
2 Plus: Income receipts from the rest of the world 1,219.2 1,411.4 1,488.8 1,454.2 1,493.0 1,504.0 1,442.0 1,516.2
3 Less: Income payments to the rest of the world 1,069.9 1,311.3 1,430.6 1,359.3 1,410.8 1,444.1 1,428.9 1,438.6
4 Equals: Gross national product 26,156.2 27,820.8 29,243.1 28,391.8 28,706.3 29,076.6 29,388.1 29,801.5
5 Less: Consumption of fixed capital 4,313.4 4,587.7 4,816.3 4,668.5 4,714.1 4,781.0 4,853.9 4,916.0
6 Less: Statistical discrepancy -75.6 244.6 204.7 214.3 124.9 194.8 319.6 179.6
7 Equals: National income 21,918.4 22,988.4 24,222.1 23,509.1 23,867.3 24,100.8 24,214.6 24,705.9
8 Compensation of employees 13,436.7 14,190.2 15,007.4 14,481.2 14,823.7 14,945.6 15,036.1 15,224.0
9 Wages and salaries 11,123.1 11,725.2 12,389.3 11,955.3 12,251.0 12,343.0 12,404.1 12,559.3
10 Supplements to wages and salaries 2,313.6 2,464.9 2,618.0 2,525.9 2,572.8 2,602.6 2,632.0 2,664.7
11 Proprietors' income with inventory valuation and capital consumption adjustments 1,873.6 1,949.0 2,005.9 1,970.1 1,972.1 2,002.3 2,013.5 2,035.5
12 Rental income of persons with capital consumption adjustment 870.3 989.1 1,056.9 1,013.6 1,046.1 1,053.4 1,055.7 1,072.2
13 Corporate profits with inventory valuation and capital consumption adjustments 3,316.7 3,546.5 3,827.8 3,749.9 3,684.8 3,817.2 3,802.2 4,007.0
14 Net interest and miscellaneous payments 461.5 319.9 200.7 273.1 228.3 203.8 181.9 188.7
15 Taxes on production and imports less subsidies 1,722.2 1,790.3 1,873.6 1,814.0 1,841.1 1,860.3 1,883.1 1,910.0
16 Business current transfer payments (net) 245.2 236.2 290.5 245.3 311.7 259.8 282.4 308.2
17 Current surplus of government enterprises -7.9 -32.8 -40.5 -38.2 -40.5 -41.8 -40.2 -39.7
Addenda:
18 Gross domestic income (GDI) 26,082.5 27,476.1 28,980.2 28,082.7 28,499.2 28,821.9 29,055.4 29,544.3
19 Average of GDP and GDI 26,044.7 27,598.4 29,082.5 28,189.8 28,561.6 28,919.3 29,215.1 29,634.1
20 Statistical discrepancy as a percentage of GDP -0.3 0.9 0.7 0.8 0.4 0.7 1.1 0.6
r Revised
Source: U.S. Bureau of Economic Analysis

Table 8

Table 8. Personal Income and Its Disposition
[Billions of dollars]
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q4 Q1 Q2 Q3 Q4 r
1 Personal income 1 22,088.9 23,402.5 24,658.3 23,807.8 24,344.2 24,574.0 24,716.7 24,998.4
2 Compensation of employees 13,436.7 14,190.2 15,007.4 14,481.2 14,823.7 14,945.6 15,036.1 15,224.0
3 Wages and salaries 11,123.1 11,725.2 12,389.3 11,955.3 12,251.0 12,343.0 12,404.1 12,559.3
4 Private industries 9,499.0 9,992.5 10,534.2 10,174.7 10,434.7 10,499.7 10,537.5 10,665.0
5 Goods-producing industries 1,744.2 1,847.2 1,924.2 1,884.0 1,928.3 1,910.6 1,919.9 1,938.0
6 Manufacturing 1,034.9 1,084.0 1,115.5 1,102.8 1,123.2 1,107.1 1,112.1 1,119.4
7 Services-producing industries 7,754.7 8,145.2 8,610.0 8,290.7 8,506.4 8,589.1 8,617.6 8,727.0
8 Trade, transportation, and utilities 1,717.9 1,797.8 1,870.6 1,823.9 1,858.5 1,870.4 1,867.8 1,885.7
9 Other services-producing industries 6,036.9 6,347.5 6,739.4 6,466.8 6,648.0 6,718.7 6,749.7 6,841.3
10 Government 1,624.2 1,732.8 1,855.1 1,780.7 1,816.2 1,843.3 1,866.6 1,894.4
11 Supplements to wages and salaries 2,313.6 2,464.9 2,618.0 2,525.9 2,572.8 2,602.6 2,632.0 2,664.7
12 Employer contributions for employee pension and insurance funds 2 1,548.3 1,643.9 1,762.2 1,687.4 1,722.7 1,750.3 1,776.6 1,799.3
13 Employer contributions for government social insurance 765.3 821.0 855.8 838.5 850.1 852.3 855.4 865.4
14 Proprietors' income with inventory valuation and capital consumption adjustments 1,873.6 1,949.0 2,005.9 1,970.1 1,972.1 2,002.3 2,013.5 2,035.5
15 Farm 95.9 71.3 45.2 50.2 38.5 41.1 46.4 54.7
16 Nonfarm 1,777.6 1,877.7 1,960.7 1,920.0 1,933.6 1,961.2 1,967.1 1,980.8
17 Rental income of persons with capital consumption adjustment 870.3 989.1 1,056.9 1,013.6 1,046.1 1,053.4 1,055.7 1,072.2
18 Personal income receipts on assets 3,474.0 3,822.9 3,946.6 3,919.1 3,938.9 3,950.2 3,938.8 3,958.3
19 Personal interest income 1,634.9 1,892.0 1,964.6 1,965.3 1,951.0 1,966.2 1,966.3 1,975.1
20 Personal dividend income 1,839.2 1,930.9 1,981.9 1,953.8 1,988.0 1,984.0 1,972.4 1,983.3
21 Personal current transfer receipts 4,139.2 4,268.0 4,538.9 4,276.5 4,446.1 4,512.3 4,570.4 4,626.6
22 Government social benefits to persons 4,013.8 4,146.5 4,405.9 4,156.5 4,314.6 4,380.1 4,437.8 4,491.1
23 Social security 3 1,211.5 1,357.0 1,446.8 1,374.0 1,426.5 1,439.7 1,453.1 1,467.9
24 Medicare 4 935.0 1,009.5 1,081.3 1,035.3 1,049.2 1,067.1 1,090.2 1,118.5
25 Medicaid 814.4 878.1 926.7 856.2 904.8 924.7 932.4 944.8
26 Unemployment insurance 23.8 33.2 35.4 35.3 34.9 34.9 35.7 36.1
27 Veterans' benefits 168.8 196.9 219.1 206.7 211.7 216.7 221.5 226.3
28 Other 860.3 671.7 696.6 649.1 687.4 696.8 704.8 697.6
29 Other current transfer receipts, from business (net) 125.4 121.6 133.0 120.0 131.5 132.3 132.6 135.5
30 Less: Contributions for government social insurance, domestic 1,704.8 1,816.6 1,897.2 1,852.8 1,882.9 1,889.9 1,897.7 1,918.2
31 Less: Personal current taxes 3,244.9 2,855.7 3,032.7 2,894.3 2,965.6 3,005.4 3,054.2 3,105.4
32 Equals: Disposable personal income 18,844.0 20,546.8 21,625.7 20,913.5 21,378.6 21,568.6 21,662.6 21,893.0
33 Less: Personal outlays 18,277.9 19,579.6 20,650.4 19,971.3 20,230.5 20,507.5 20,773.6 21,090.2
34 Personal consumption expenditures 17,690.8 18,822.8 19,825.3 19,170.2 19,424.8 19,682.7 19,938.4 20,255.5
35 Goods 5,939.1 6,123.9 6,243.3 6,174.8 6,148.9 6,204.6 6,265.1 6,354.8
36 Durable goods 2,078.0 2,142.6 2,167.4 2,139.3 2,127.3 2,141.8 2,168.4 2,232.2
37 Nondurable goods 3,861.0 3,981.3 4,075.9 4,035.4 4,021.5 4,062.8 4,096.7 4,122.6
38 Services 11,751.8 12,698.9 13,582.0 12,995.4 13,275.9 13,478.1 13,673.3 13,900.7
39 Personal interest payments 5 334.4 493.1 551.2 532.2 534.4 551.7 560.5 558.2
40 Personal current transfer payments 252.6 263.7 273.9 268.9 271.4 273.1 274.7 276.5
41 To government 131.5 135.5 139.7 136.9 137.9 139.0 140.3 141.7
42 To the rest of the world (net) 121.1 128.1 134.2 132.0 133.5 134.1 134.4 134.8
43 Equals: Personal saving 566.1 967.2 975.3 942.2 1,148.1 1,061.1 889.0 802.8
44 Personal saving as a percentage of disposable personal income 3.0 4.7 4.5 4.5 5.4 4.9 4.1 3.7
Addenda:
45 Personal income excluding current transfer receipts, billions of chained (2017) dollars 6 15,459.2 15,880.4 16,290.8 16,078.6 16,243.2 16,274.7 16,281.1 16,366.7
Disposable personal income:
46 Total, billions of chained (2017) dollars 6 16,229.4 17,052.5 17,510.3 17,216.5 17,451.8 17,497.2 17,506.4 17,588.8
Per capita:
47 Current dollars 56,356 60,944 63,565 61,808 63,041 63,450 63,594 64,172
48 Chained (2017) dollars 48,537 50,580 51,469 50,882 51,462 51,473 51,393 51,555
49 Population (midperiod, thousands) 7 334,372 337,141 340,212 338,360 339,119 339,929 340,637 341,164
r Revised
1. Personal income is also equal to national income less corporate profits with inventory valuation and capital consumption adjustments, taxes on production and imports less subsidies, contributions for government social insurance, net interest and miscellaneous payments, business current transfer payments (net), and current surplus of government enterprises, plus personal income receipts on assets, and personal current transfer receipts.
2. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.
3. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.
4. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.
5. Consists of nonmortgage interest paid by households. Note that mortgage interest paid by households is an expense item in the calculation of rental income of persons.
6. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.
7. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population.
Source: U.S. Bureau of Economic Analysis

Table 9

Table 9. Corporate Profits: Level and Percent Change
Line Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Percent change from preceding period Percent change from preceding period Percent change from preceding period Percent change from preceding period Percent change from preceding period Percent change from preceding period Percent change from preceding period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates 2023 2024 Quarterly rates Quarterly rates Quarterly rates Quarterly rates Quarter one year ago
Line 2022 2023 2024 2023 2024 2024 2024 2024 2023 2024 2024 2024 2024 2024 2024
Line 2022 2023 2024 Q4 Q1 Q2 Q3 Q4 2023 2024 Q1 Q2 Q3 Q4 Q4
1 Corporate profits with inventory valuation and capital consumption adjustments 3,316.7 3,546.5 3,827.8 3,749.9 3,684.8 3,817.2 3,802.2 4,007.0 6.9 7.9 -1.7 3.6 -0.4 5.4 6.9
2 Less: Taxes on corporate income 579.3 624.7 673.1 648.0 648.0 675.7 673.7 694.9 7.8 7.8 0.0 4.3 -0.3 3.1 7.2
3 Equals: Profits after tax with inventory valuation and capital consumption adjustments 2,737.5 2,921.8 3,154.7 3,101.8 3,036.7 3,141.6 3,128.5 3,312.0 6.7 8.0 -2.1 3.5 -0.4 5.9 6.8
4 Net dividends 1,921.9 1,938.0 1,992.1 1,960.8 1,995.8 1,996.0 1,982.8 1,993.6 0.8 2.8 1.8 0.0 -0.7 0.5 1.7
5 Undistributed profits with inventory valuation and capital consumption adjustments 815.6 983.8 1,162.6 1,141.0 1,040.9 1,145.5 1,145.7 1,318.4 20.6 18.2 -8.8 10.0 0.0 15.1 15.5
Addenda for corporate cash flow:
6 Net cash flow with inventory valuation adjustment 3,053.4 3,485.1 3,740.7 3,643.6 3,551.1 3,720.9 3,736.4 3,954.3 14.1 7.3 -2.5 4.8 0.4 5.8 8.5
7 Undistributed profits with inventory valuation and capital consumption adjustments 815.6 983.8 1,162.6 1,141.0 1,040.9 1,145.5 1,145.7 1,318.4 20.6 18.2 -8.8 10.0 0.0 15.1 15.5
8 Consumption of fixed capital 2,288.7 2,454.6 2,595.0 2,501.6 2,533.1 2,574.2 2,616.4 2,656.4 7.2 5.7 1.3 1.6 1.6 1.5 6.2
9 Less: Capital transfers paid (net) 50.9 -46.6 17.0 -1.0 22.9 -1.1 25.7 20.5 .... .... .... .... .... .... ....
Addenda:
10 Profits before tax (without inventory valuation and capital consumption adjustments) 3,529.8 3,693.4 4,113.7 3,887.7 3,963.0 4,088.7 4,076.7 4,326.3 4.6 11.4 1.9 3.2 -0.3 6.1 11.3
11 Profits after tax (without inventory valuation and capital consumption adjustments) 2,950.6 3,068.8 3,440.6 3,239.6 3,314.9 3,413.0 3,403.0 3,631.4 4.0 12.1 2.3 3.0 -0.3 6.7 12.1
12 Inventory valuation adjustment -141.1 29.8 -15.6 40.4 -17.1 -3.9 -0.5 -40.9 .... .... .... .... .... .... ....
13 Capital consumption adjustment -72.0 -176.8 -270.3 -178.2 -261.1 -267.6 -274.0 -278.5 .... .... .... .... .... .... ....
Source: U.S. Bureau of Economic Analysis

Table 10

Table 10. Corporate Profits by Industry: Level and Change from Preceding Period
[Billions of dollars]
Line Level Level Level Level Level Level Level Level Change from preceding period Change from preceding period Change from preceding period Change from preceding period Change from preceding period Change from preceding period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Change from preceding period Change from preceding period Change from preceding period Change from preceding period Change from preceding period Change from preceding period
Line 2022 2023 2024 2023 2024 2024 2024 2024 2023 2024 2024 2024 2024 2024
Line 2022 2023 2024 Q4 Q1 Q2 Q3 Q4 2023 2024 Q1 Q2 Q3 Q4
1 Corporate profits with inventory valuation and capital consumption adjustments 3,316.7 3,546.5 3,827.8 3,749.9 3,684.8 3,817.2 3,802.2 4,007.0 229.8 281.3 -65.1 132.5 -15.0 204.7
2 Domestic industries 2,871.9 3,057.0 3,344.2 3,253.6 3,186.2 3,337.4 3,365.3 3,487.8 185.1 287.2 -67.5 151.2 27.9 122.5
3 Financial 544.8 522.6 654.5 546.5 603.9 646.3 649.3 718.7 -22.3 132.0 57.4 42.5 3.0 69.4
4 Nonfinancial 2,327.0 2,534.4 2,689.6 2,707.2 2,582.3 2,691.1 2,716.0 2,769.1 207.4 155.2 -124.9 108.8 24.9 53.1
5 Rest of the world 444.9 489.5 483.6 496.2 498.6 479.8 437.0 519.2 44.6 -5.9 2.3 -18.8 -42.9 82.2
6 Receipts from the rest of the world 933.5 966.8 1,005.8 983.3 1,009.0 1,013.4 951.9 1,049.1 33.3 39.0 25.7 4.4 -61.5 97.2
7 Less: Payments to the rest of the world 488.6 477.3 522.2 487.0 510.4 533.6 514.9 529.9 -11.3 44.9 23.4 23.1 -18.7 15.0
8 Corporate profits with inventory valuation adjustment 3,388.7 3,723.3 4,098.1 3,928.1 3,945.9 4,084.8 4,076.2 4,285.4 334.5 374.8 17.8 138.9 -8.6 209.2
9 Domestic industries 2,943.9 3,233.7 3,614.4 3,431.9 3,447.3 3,605.0 3,639.2 3,766.3 289.9 380.7 15.4 157.7 34.3 127.0
10 Financial 627.4 614.9 755.3 637.4 701.2 745.9 751.5 822.5 -12.5 140.4 63.9 44.7 5.6 71.0
11 Federal Reserve banks 59.5 -117.5 -80.0 -94.7 -95.1 -84.2 -93.2 -47.2 -177.0 37.6 -0.5 10.9 -9.0 46.0
12 Other financial 567.9 732.4 835.2 732.0 796.4 830.1 844.7 869.7 164.4 102.9 64.4 33.8 14.6 25.0
13 Nonfinancial 2,316.5 2,618.9 2,859.1 2,794.5 2,746.1 2,859.1 2,887.7 2,943.8 302.4 240.3 -48.5 113.0 28.7 56.0
14 Utilities 40.8 51.4 61.0 49.9 57.6 66.9 57.9 61.6 10.6 9.6 7.7 9.3 -9.0 3.7
15 Manufacturing 664.2 696.7 688.0 730.4 643.7 695.0 691.0 722.4 32.5 -8.7 -86.7 51.3 -4.0 31.4
16 Durable goods 319.1 348.2 363.2 383.1 355.7 357.5 361.2 378.3 29.1 15.0 -27.4 1.8 3.7 17.0
17 Fabricated metal products 37.0 48.8 47.5 53.5 45.1 44.5 48.7 51.5 11.8 -1.4 -8.4 -0.6 4.2 2.8
18 Machinery 34.7 54.3 62.9 63.2 62.3 66.7 66.5 56.2 19.6 8.6 -0.9 4.5 -0.3 -10.3
19 Computer and electronic products 124.6 106.4 117.8 120.9 113.7 107.6 113.8 136.0 -18.2 11.3 -7.2 -6.1 6.3 22.1
20 Electrical equipment, appliances, and components 15.0 17.3 21.1 16.9 20.5 21.2 20.6 22.2 2.3 3.8 3.6 0.6 -0.6 1.6
21 Motor vehicles, bodies and trailers, and parts -0.2 4.4 4.9 5.4 -0.6 13.5 4.6 2.2 4.6 0.5 -6.0 14.1 -9.0 -2.4
22 Other durable goods 107.9 116.9 109.0 123.1 114.6 104.0 107.0 110.2 9.1 -8.0 -8.5 -10.6 3.0 3.1
23 Nondurable goods 345.1 348.5 324.9 347.4 288.0 337.5 329.8 344.2 3.4 -23.7 -59.4 49.5 -7.6 14.4
24 Food and beverage and tobacco products 59.0 80.7 83.9 82.0 83.5 79.6 82.3 90.1 21.6 3.2 1.4 -3.8 2.7 7.7
25 Petroleum and coal products 88.7 79.2 59.4 77.6 64.7 67.8 53.2 52.0 -9.5 -19.7 -12.9 3.1 -14.6 -1.1
26 Chemical products 151.1 138.1 146.0 137.0 132.1 143.1 152.7 156.2 -13.0 7.9 -4.8 11.0 9.6 3.5
27 Other nondurable goods 46.3 50.6 35.6 50.8 7.7 47.0 41.6 45.9 4.3 -15.0 -43.1 39.2 -5.3 4.3
28 Wholesale trade 254.0 290.5 285.2 302.1 284.2 286.0 281.8 288.7 36.5 -5.3 -17.9 1.8 -4.2 6.9
29 Retail trade 281.1 344.5 390.1 376.7 373.8 379.7 402.3 404.8 63.4 45.6 -2.9 5.8 22.7 2.4
30 Transportation and warehousing 107.4 123.4 129.6 126.6 129.4 129.4 128.1 131.6 16.0 6.2 2.8 0.1 -1.3 3.5
31 Information 162.8 210.9 274.5 230.2 250.5 272.8 278.1 296.7 48.0 63.7 20.3 22.3 5.3 18.6
32 Other nonfinancial 806.2 901.5 1,030.6 978.5 1,006.9 1,029.2 1,048.5 1,038.0 95.3 129.2 28.3 22.4 19.3 -10.5
33 Rest of the world 444.9 489.5 483.6 496.2 498.6 479.8 437.0 519.2 44.6 -5.9 2.3 -18.8 -42.9 82.2
Note. Estimates in this table are based on the 2017 North American Industry Classification System (NAICS).
Source: U.S. Bureau of Economic Analysis

Table 11

Table 11. Gross Value Added of Nonfinancial Domestic Corporate Business
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2023 2024 2024 2024 2024
Line 2022 2023 2024 Q4 Q1 Q2 Q3 r Q4
Billions of dollars
1 Gross value added of nonfinancial corporate business 13,490.9 14,163.0 14,952.2 14,506.0 14,731.9 14,874.8 14,991.7 15,210.6
2 Consumption of fixed capital 2,011.0 2,161.7 2,285.5 2,204.6 2,232.2 2,267.6 2,303.6 2,338.4
3 Net value added 11,479.9 12,001.3 12,666.8 12,301.4 12,499.7 12,607.2 12,688.0 12,872.2
4 Compensation of employees 7,594.5 8,018.6 8,475.7 8,157.1 8,397.0 8,443.8 8,479.2 8,582.7
5 Wages and salaries 6,451.3 6,791.6 7,168.7 6,904.1 7,111.8 7,144.6 7,165.8 7,252.8
6 Supplements to wages and salaries 1,143.2 1,226.9 1,306.9 1,252.9 1,285.2 1,299.2 1,313.4 1,329.9
7 Taxes on production and imports less subsidies 1,110.2 1,124.7 1,172.6 1,137.3 1,152.8 1,164.1 1,177.4 1,196.2
8 Net operating surplus 2,775.2 2,858.1 3,018.5 3,007.0 2,949.9 2,999.3 3,031.4 3,093.3
9 Net interest and miscellaneous payments 321.7 207.0 171.1 183.9 177.0 170.1 166.0 171.4
10 Business current transfer payments (net) 126.4 116.7 157.8 115.9 190.6 138.1 149.5 152.9
11 Corporate profits with inventory valuation and capital consumption adjustments 2,327.0 2,534.4 2,689.6 2,707.2 2,582.3 2,691.1 2,716.0 2,769.1
12 Taxes on corporate income 462.0 498.4 547.3 525.2 527.0 552.4 544.1 565.8
13 Profits after tax with inventory valuation and capital consumption adjustments 1,865.0 2,036.0 2,142.3 2,182.0 2,055.3 2,138.7 2,171.9 2,203.3
14 Net dividends 1,263.6 1,341.7 1,371.3 1,434.5 1,376.8 1,307.5 1,366.2 1,434.8
15 Undistributed profits with inventory valuation and capital consumption adjustments 601.4 694.3 771.0 747.4 678.6 831.2 805.7 768.5
Addenda:
16 Profits before tax (without inventory valuation and capital consumption adjustments) 2,457.6 2,589.1 2,874.7 2,754.1 2,763.2 2,862.9 2,888.2 2,984.6
17 Profits after tax (without inventory valuation and capital consumption adjustments) 1,995.5 2,090.7 2,327.5 2,228.9 2,236.2 2,310.6 2,344.1 2,418.9
18 Inventory valuation adjustment -141.1 29.8 -15.6 40.4 -17.1 -3.9 -0.5 -40.9
19 Capital consumption adjustment 10.6 -84.5 -169.5 -87.3 -163.8 -168.0 -171.7 -174.7
Billions of chained (2017) dollars
20 Gross value added of nonfinancial corporate business 1 11,396.5 11,562.5 12,071.6 11,749.7 11,933.2 12,006.9 12,092.5 12,252.8
21 Consumption of fixed capital 2 1,809.9 1,888.0 1,966.0 1,915.7 1,934.0 1,955.7 1,977.0 1,997.3
22 Net value added 3 9,586.6 9,674.5 10,105.6 9,834.1 9,999.2 10,051.3 10,115.5 10,255.6
Dollars; quarters seasonally adjusted
Price, costs, and profits per unit of real gross value added of nonfinancial corporate business:
23 Price per unit of real gross value added of nonfinancial corporate business 4 1.184 1.225 1.239 1.235 1.235 1.239 1.240 1.241
24 Compensation of employees (unit labor cost) 0.666 0.693 0.702 0.694 0.704 0.703 0.701 0.700
25 Unit nonlabor cost 0.313 0.312 0.314 0.310 0.314 0.311 0.314 0.315
26 Consumption of fixed capital 0.176 0.187 0.189 0.188 0.187 0.189 0.190 0.191
27 Taxes on production and imports less subsidies plus business current transfer payments (net) 0.109 0.107 0.110 0.107 0.113 0.108 0.110 0.110
28 Net interest and miscellaneous payments 0.028 0.018 0.014 0.016 0.015 0.014 0.014 0.014
29 Corporate profits with inventory valuation and capital consumption adjustments (unit profits from current production) 0.204 0.219 0.223 0.230 0.216 0.224 0.225 0.226
30 Taxes on corporate income 0.041 0.043 0.045 0.045 0.044 0.046 0.045 0.046
31 Profits after tax with inventory valuation and capital consumption adjustments 0.164 0.176 0.177 0.186 0.172 0.178 0.180 0.180
r Revised
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 2017 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 2017 North American Industry Classification System (NAICS).
Source: U.S. Bureau of Economic Analysis

Table 12

Table 12. Real Gross Domestic Product by Industry Group: Percent Change from Preceding Period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2021 2022 2023 2024
Line 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 Gross domestic product 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
1 Private industries 2.6 3.0 2.9 6.4 7.0 3.3 8.5 -1.4 0.1 3.0 3.6 2.8 2.6 4.7 3.3 1.6 3.3 3.2 2.4
2 Agriculture, forestry, fishing, and hunting 0.0 3.8 5.2 4.6 -6.9 1.9 14.7 -6.5 -5.8 0.9 5.3 3.4 15.3 -4.9 2.0 5.6 23.8 -7.8 0.8
3 Mining -9.3 33.6 1.0 -0.4 -20.0 -5.6 -13.9 -28.1 -16.0 32.9 59.1 36.5 57.6 13.8 -0.9 -10.5 -4.9 1.3 7.2
4 Utilities 1.8 4.9 0.0 -16.6 5.5 11.4 8.2 1.3 -2.9 -12.7 9.4 0.9 57.5 -31.8 16.3 -9.1 5.6 -1.0 11.5
5 Construction -5.4 -2.3 5.2 4.2 5.3 -7.8 -8.4 8.2 -13.9 -16.8 -1.6 -1.6 1.9 9.5 3.4 8.3 5.2 -0.2 4.8
6 Manufacturing 0.9 0.3 2.8 5.8 5.0 0.2 15.4 -5.2 -4.5 0.2 1.8 -9.5 7.1 9.1 5.5 -6.5 8.2 3.2 0.7
7 Durable goods 2.4 -0.9 -0.5 8.2 3.9 -4.2 14.1 0.9 2.2 -3.9 0.4 -6.5 4.4 1.1 2.7 -10.4 5.8 3.0 -0.9
8 Nondurable goods -0.6 1.6 6.6 3.1 6.3 5.3 16.6 -11.5 -11.3 4.9 3.2 -12.7 10.1 19.0 8.7 -1.8 10.9 3.5 2.5
9 Wholesale trade -1.6 -0.5 0.8 -4.5 -4.1 -12.7 6.5 -2.0 -6.9 6.0 5.8 -1.1 -6.8 -1.4 -1.7 4.0 2.3 3.2 -0.9
10 Retail trade -4.1 10.9 9.0 16.6 -16.8 -16.4 4.8 -16.3 3.6 9.6 18.1 9.6 1.3 23.3 12.3 6.7 -0.6 18.7 2.7
11 Transportation and warehousing 1.5 1.5 1.8 32.3 7.2 12.6 9.1 -7.2 -1.7 1.7 -0.3 1.6 3.1 3.5 0.4 0.9 0.4 4.2 5.1
12 Information 6.3 8.6 4.4 16.6 18.2 8.8 16.7 -4.1 4.8 7.8 7.2 9.7 8.2 15.2 2.3 2.0 1.6 6.2 1.7
13 Finance, insurance, real estate, rental, and leasing 3.2 1.2 1.6 3.2 6.6 5.2 10.1 0.8 0.7 1.1 -2.3 4.6 -1.1 3.7 1.6 -0.1 3.8 0.7 2.8
14 Finance and insurance -2.2 -0.9 1.9 -2.3 5.2 0.9 8.6 -8.3 -5.3 -2.3 -10.7 7.0 -4.2 6.6 2.8 -2.5 6.6 0.3 2.8
15 Real estate and rental and leasing 6.4 2.4 1.5 6.7 7.4 7.8 11.0 6.5 4.3 3.0 2.6 3.2 0.6 2.1 0.9 1.1 2.3 0.9 2.8
16 Professional and business services 8.6 2.6 2.7 14.8 14.1 14.8 13.8 5.5 4.9 6.5 5.2 0.2 0.7 1.0 3.6 4.2 1.9 2.0 2.6
17 Professional, scientific, and technical services 8.1 4.1 3.7 16.3 17.6 19.0 11.8 2.4 4.3 6.7 6.3 2.4 4.2 2.1 2.6 5.7 2.8 3.6 4.6
18 Management of companies and enterprises 10.7 1.6 2.1 5.2 17.9 -2.7 19.2 7.6 18.5 7.3 4.4 -3.0 -4.1 2.2 2.3 7.6 -2.5 2.1 0.1
19 Administrative and waste management services 8.6 -0.5 0.4 17.3 3.7 15.6 15.6 12.1 -0.8 5.6 2.7 -3.1 -4.9 -2.4 6.9 -1.1 2.0 -2.0 -1.0
20 Educational services, health care, and social assistance 4.8 4.7 4.3 -5.2 4.2 4.3 6.0 6.4 2.4 5.7 2.5 9.1 1.9 4.2 4.9 4.8 3.9 4.7 4.2
21 Educational services 6.1 2.1 1.9 10.3 10.6 10.8 4.6 5.9 5.2 5.7 2.0 0.7 -0.9 0.9 9.5 2.4 -6.1 4.9 1.9
22 Health care and social assistance 4.6 5.1 4.7 -7.4 3.2 3.4 6.2 6.5 1.9 5.7 2.6 10.4 2.3 4.7 4.2 5.2 5.4 4.6 4.6
23 Arts, entertainment, recreation, accommodation, and food services 8.5 3.0 1.3 25.2 77.2 21.7 1.4 -5.0 17.8 4.9 -3.1 10.5 -1.9 0.7 -3.7 6.7 3.1 -0.6 -0.9
24 Arts, entertainment, and recreation 19.4 4.3 5.5 48.0 14.9 31.1 16.4 11.7 37.8 13.4 5.0 2.1 7.4 -10.6 -9.1 19.3 24.6 -2.2 -2.3
25 Accommodation and food services 5.3 2.6 -0.1 18.4 103.4 19.0 -2.9 -9.7 11.9 2.2 -5.7 13.5 -4.8 4.7 -1.9 2.8 -3.5 0.0 -0.4
26 Other services, except government 4.5 -5.0 -1.3 -10.6 18.5 8.3 0.2 7.5 3.2 0.0 -1.4 -9.0 -10.0 -8.0 5.0 -0.7 -1.8 1.9 -2.8
27 Government 1.6 2.1 1.9 0.3 2.2 5.2 -0.2 2.0 1.1 0.6 2.1 3.3 1.9 2.2 2.7 1.9 0.8 2.1 2.7
28 Federal -0.5 0.3 0.7 -1.6 2.9 -0.1 -1.0 2.2 -4.4 -1.7 1.1 1.9 1.7 -2.3 1.0 1.2 1.1 1.1 1.8
29 State and local 2.7 3.0 2.5 1.2 1.8 7.8 0.2 1.9 3.8 1.7 2.5 3.9 1.9 4.4 3.5 2.2 0.6 2.5 3.1
Addenda:
30 Private goods-producing industries 1 -1.7 2.6 3.4 4.9 2.3 -2.2 6.1 -4.8 -8.3 -1.2 5.7 -3.2 9.7 8.7 4.2 -2.6 6.9 1.5 2.3
31 Private services-producing industries 2 3.7 3.1 2.8 6.8 8.2 4.6 9.0 -0.6 2.3 4.1 3.0 4.3 0.9 3.7 3.0 2.6 2.4 3.6 2.4
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Table 13

Table 13. Contributions to Percent Change in Real Gross Domestic Product by Industry Group
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2021 2022 2023 2024
Line 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Percent change at annual rate:
1 Gross domestic product 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
Percentage points at annual rates:
2 Private industries 2.33 2.67 2.58 5.63 6.20 2.89 7.45 -1.23 0.11 2.65 3.14 2.44 2.26 4.11 2.90 1.40 2.90 2.83 2.12
3 Agriculture, forestry, fishing, and hunting 0.00 0.04 0.05 0.04 -0.08 0.00 0.09 -0.11 -0.09 0.00 0.07 0.07 0.18 -0.04 0.03 0.05 0.18 -0.07 0.01
4 Mining -0.15 0.48 0.01 0.24 -0.05 0.10 -0.08 -0.48 -0.27 0.56 0.82 0.48 0.65 0.19 -0.02 -0.16 -0.06 0.02 0.09
5 Utilities 0.03 0.08 0.00 -0.16 0.13 0.11 -0.03 -0.23 -0.23 -0.34 0.13 0.07 0.79 -0.60 0.25 -0.15 0.09 -0.01 0.16
6 Construction -0.24 -0.10 0.23 0.17 0.19 -0.41 -0.45 0.23 -0.68 -0.75 0.01 0.07 0.19 0.48 0.19 0.36 0.23 -0.01 0.21
7 Manufacturing 0.10 0.03 0.27 0.62 0.52 0.01 1.49 -0.61 -0.53 -0.01 0.16 -1.03 0.69 0.90 0.56 -0.68 0.79 0.33 0.07
8 Durable goods 0.13 -0.05 -0.02 0.38 0.13 -0.33 0.63 -0.08 0.08 -0.18 0.13 -0.18 0.37 0.16 0.20 -0.60 0.31 0.16 -0.05
9 Nondurable goods -0.03 0.08 0.29 0.25 0.39 0.33 0.86 -0.53 -0.60 0.18 0.03 -0.85 0.32 0.74 0.36 -0.09 0.48 0.16 0.12
10 Wholesale trade -0.10 -0.03 0.05 -0.21 -0.18 -0.75 0.49 -0.03 -0.40 0.36 0.31 -0.16 -0.48 -0.12 -0.12 0.23 0.14 0.19 -0.05
11 Retail trade -0.27 0.67 0.56 1.07 -1.15 -1.14 0.32 -1.13 0.24 0.61 1.13 0.69 0.16 1.41 0.79 0.42 -0.03 1.10 0.17
12 Transportation and warehousing 0.05 0.05 0.06 0.74 0.17 0.41 0.39 -0.09 0.07 0.15 0.03 0.05 0.10 0.12 0.01 0.03 0.01 0.14 0.17
13 Information 0.34 0.44 0.24 0.84 0.94 0.48 0.88 -0.19 0.27 0.41 0.38 0.49 0.42 0.76 0.13 0.11 0.08 0.33 0.09
14 Finance, insurance, real estate, rental, and leasing 0.67 0.25 0.35 0.51 1.23 0.95 1.98 0.12 0.07 0.10 -0.63 0.75 -0.37 0.67 0.28 -0.02 0.80 0.15 0.59
15 Finance and insurance -0.17 -0.07 0.14 -0.29 0.30 -0.05 0.53 -0.80 -0.55 -0.30 -0.95 0.39 -0.40 0.42 0.17 -0.18 0.48 0.03 0.21
16 Real estate and rental and leasing 0.84 0.32 0.21 0.80 0.93 1.00 1.45 0.92 0.61 0.40 0.32 0.36 0.03 0.25 0.11 0.16 0.32 0.13 0.38
17 Professional and business services 1.08 0.34 0.35 1.71 1.68 1.78 1.74 0.76 0.67 0.85 0.65 0.00 0.07 0.12 0.46 0.55 0.25 0.27 0.34
18 Professional, scientific, and technical services 0.63 0.32 0.30 1.12 1.24 1.36 0.92 0.23 0.36 0.52 0.48 0.16 0.31 0.15 0.20 0.45 0.23 0.29 0.37
19 Management of companies and enterprises 0.19 0.03 0.04 0.09 0.31 -0.04 0.34 0.16 0.33 0.14 0.08 -0.07 -0.09 0.03 0.04 0.13 -0.05 0.04 0.00
20 Administrative and waste management services 0.26 -0.02 0.01 0.50 0.12 0.46 0.48 0.37 -0.02 0.19 0.10 -0.09 -0.15 -0.07 0.22 -0.03 0.06 -0.06 -0.03
21 Educational services, health care, and social assistance 0.40 0.39 0.37 -0.44 0.39 0.39 0.53 0.54 0.21 0.48 0.21 0.73 0.16 0.35 0.41 0.41 0.33 0.40 0.37
22 Educational services 0.07 0.02 0.02 0.11 0.11 0.12 0.06 0.07 0.06 0.06 0.02 0.00 -0.01 0.01 0.10 0.03 -0.07 0.05 0.02
23 Health care and social assistance 0.33 0.37 0.35 -0.55 0.28 0.27 0.47 0.47 0.15 0.41 0.19 0.73 0.17 0.35 0.31 0.38 0.40 0.35 0.34
24 Arts, entertainment, recreation, accommodation, and food services 0.33 0.13 0.06 0.72 2.06 0.78 0.10 -0.14 0.71 0.23 -0.11 0.43 -0.08 0.04 -0.17 0.29 0.14 -0.03 -0.04
25 Arts, entertainment, and recreation 0.17 0.05 0.06 0.33 0.12 0.25 0.15 0.11 0.32 0.13 0.05 0.02 0.08 -0.12 -0.10 0.19 0.25 -0.03 -0.03
26 Accommodation and food services 0.16 0.08 0.00 0.39 1.94 0.53 -0.05 -0.26 0.39 0.10 -0.16 0.41 -0.15 0.16 -0.06 0.09 -0.12 0.00 -0.01
27 Other services, except government 0.09 -0.11 -0.03 -0.22 0.36 0.17 0.01 0.15 0.07 0.01 -0.02 -0.19 -0.22 -0.17 0.11 -0.01 -0.04 0.04 -0.06
28 Government 0.19 0.24 0.22 0.04 0.26 0.60 -0.01 0.22 0.13 0.08 0.25 0.38 0.23 0.27 0.30 0.21 0.09 0.23 0.30
29 Federal -0.02 0.01 0.03 -0.04 0.12 -0.01 -0.05 0.05 -0.19 -0.07 0.04 0.07 0.07 -0.08 0.04 0.04 0.04 0.04 0.06
30 State and local 0.21 0.23 0.19 0.08 0.14 0.61 0.04 0.17 0.32 0.16 0.21 0.31 0.16 0.35 0.26 0.17 0.05 0.19 0.24
Addenda:
31 Private goods-producing industries 1 -0.29 0.46 0.56 1.07 0.58 -0.30 1.05 -0.97 -1.57 -0.20 1.06 -0.41 1.71 1.52 0.76 -0.44 1.14 0.26 0.38
32 Private services-producing industries 2 2.62 2.21 2.02 4.56 5.62 3.18 6.40 -0.26 1.67 2.85 2.07 2.85 0.55 2.58 2.14 1.84 1.77 2.57 1.74
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of real GDP.
Source: U.S. Bureau of Economic Analysis

Table 14

Table 14. Gross Domestic Product by Industry Group: Level and Change from Preceding Period
Line Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars
Line 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Change from preceding period Change from preceding period Change from preceding period
Line 2024 2023 2024 2024 2023 2024 2024 2024 2024
Line 2024 Q4 Q1 Q2 Q3 Q4 2024 Q4 Q1 Q2 Q3 Q4 2024 Q3 Q4
1 Gross domestic product 29,184.9 28,297.0 28,624.1 29,016.7 29,374.9 29,723.9 23,305.0 22,960.6 23,053.5 23,223.9 23,400.3 23,542.3 633.9 176.4 142.1
1 Private industries 25,891.2 25,125.9 25,397.2 25,746.2 26,059.9 26,361.5 20,677.2 20,361.1 20,441.0 20,606.6 20,769.3 20,892.1 584.3 162.7 122.8
2 Agriculture, forestry, fishing, and hunting 248.4 247.8 235.4 243.0 251.0 264.1 202.6 193.9 196.5 207.3 203.1 203.5 10.0 -4.2 0.4
3 Mining 393.7 428.3 399.2 404.4 390.9 380.4 339.7 350.4 340.8 336.6 337.6 343.6 3.4 1.1 5.9
4 Utilities 437.3 430.2 435.8 441.5 433.7 438.2 343.0 345.7 337.6 342.2 341.4 350.8 0.0 -0.9 9.4
5 Construction 1,312.3 1,262.7 1,291.1 1,306.4 1,318.6 1,333.1 863.7 836.5 853.3 864.1 863.7 873.8 42.7 -0.5 10.1
6 Manufacturing 2,913.1 2,915.7 2,880.6 2,909.5 2,925.1 2,937.2 2,382.7 2,376.8 2,337.3 2,383.8 2,402.8 2,406.8 64.8 19.0 4.0
7 Durable goods 1,549.8 1,556.5 1,527.4 1,547.8 1,561.7 1,562.2 1,276.5 1,294.0 1,259.0 1,277.0 1,286.5 1,283.4 -5.9 9.5 -3.0
8 Nondurable goods 1,363.3 1,359.3 1,353.1 1,361.7 1,363.4 1,375.0 1,104.6 1,081.9 1,076.9 1,105.2 1,114.6 1,121.7 68.1 9.5 7.0
9 Wholesale trade 1,706.8 1,670.8 1,684.8 1,690.5 1,715.4 1,736.5 1,178.1 1,158.0 1,169.3 1,175.8 1,185.0 1,182.4 9.2 9.2 -2.6
10 Retail trade 1,841.7 1,817.8 1,818.8 1,823.4 1,856.3 1,868.4 1,436.8 1,382.6 1,405.1 1,403.1 1,464.6 1,474.4 119.2 61.5 9.7
11 Transportation and warehousing 969.2 945.2 951.1 965.0 978.7 981.9 719.8 711.8 713.3 714.0 721.4 730.5 12.9 7.4 9.1
12 Information 1,569.5 1,516.9 1,536.0 1,556.7 1,585.1 1,600.0 1,676.5 1,649.1 1,657.3 1,663.7 1,689.0 1,696.0 70.7 25.3 7.0
13 Finance, insurance, real estate, rental, and leasing 6,190.0 5,941.5 6,042.4 6,151.7 6,233.4 6,332.5 4,751.8 4,707.6 4,706.2 4,750.4 4,758.8 4,791.9 75.7 8.4 33.1
14 Finance and insurance 2,164.2 2,052.0 2,089.1 2,145.4 2,185.1 2,237.1 1,604.6 1,591.8 1,581.9 1,607.5 1,608.9 1,620.2 29.4 1.4 11.3
15 Real estate and rental and leasing 4,025.8 3,889.5 3,953.2 4,006.2 4,048.4 4,095.4 3,154.6 3,123.1 3,132.0 3,150.1 3,157.2 3,179.0 46.1 7.1 21.9
16 Professional and business services 3,847.4 3,687.0 3,761.0 3,820.4 3,877.8 3,930.6 3,482.3 3,420.1 3,455.8 3,472.0 3,489.6 3,511.7 90.5 17.6 22.1
17 Professional, scientific, and technical services 2,381.2 2,267.5 2,322.4 2,363.6 2,399.2 2,439.4 2,194.3 2,137.3 2,167.0 2,182.2 2,201.7 2,226.4 78.2 19.5 24.6
18 Management of companies and enterprises 538.8 512.4 522.2 532.3 548.1 552.8 547.8 538.9 548.9 545.5 548.4 548.5 11.3 2.9 0.1
19 Administrative and waste management services 927.4 907.1 916.3 924.5 930.5 938.3 747.9 749.4 747.4 751.2 747.4 745.6 3.2 -3.7 -1.9
20 Educational services, health care, and social assistance 2,542.0 2,422.3 2,480.0 2,517.3 2,563.3 2,607.2 2,108.9 2,052.0 2,076.5 2,096.3 2,120.3 2,142.5 87.7 24.1 22.2
21 Educational services 330.3 322.0 327.4 324.5 332.3 337.0 268.4 268.0 269.6 265.4 268.7 269.9 5.1 3.2 1.3
22 Health care and social assistance 2,211.7 2,100.2 2,152.7 2,192.9 2,230.9 2,270.2 1,841.1 1,784.5 1,807.3 1,831.5 1,852.3 1,873.3 82.8 20.9 21.0
23 Arts, entertainment, recreation, accommodation, and food services 1,293.2 1,236.5 1,267.5 1,292.5 1,298.6 1,314.1 901.6 883.2 897.6 904.5 903.1 901.1 11.7 -1.4 -2.0
24 Arts, entertainment, and recreation 336.9 304.8 322.6 339.3 341.1 344.7 257.4 237.3 248.0 262.0 260.5 259.0 13.4 -1.5 -1.5
25 Accommodation and food services 956.3 931.7 945.0 953.3 957.5 969.5 647.2 647.2 651.7 645.9 645.9 645.3 -0.6 0.0 -0.6
26 Other services, except government 626.7 603.3 613.6 623.9 632.0 637.2 409.0 410.9 410.2 408.3 410.2 407.3 -5.2 1.9 -3.0
27 Government 3,293.7 3,171.0 3,226.9 3,270.5 3,315.0 3,362.4 2,631.9 2,605.1 2,617.1 2,622.0 2,635.5 2,653.1 49.7 13.5 17.6
28 Federal 1,052.1 1,017.2 1,032.6 1,044.1 1,058.8 1,072.8 816.9 810.8 813.2 815.4 817.6 821.3 6.1 2.3 3.6
29 State and local 2,241.6 2,153.8 2,194.3 2,226.4 2,256.2 2,289.6 1,816.5 1,795.6 1,805.3 1,808.0 1,819.3 1,833.4 44.0 11.3 14.1
Addenda:
30 Private goods-producing industries 1 4,867.5 4,854.5 4,806.3 4,863.4 4,885.7 4,914.9 3,803.2 3,767.4 3,743.0 3,806.4 3,820.9 3,842.5 124.4 14.5 21.6
31 Private services-producing industries 2 21,023.7 20,271.5 20,590.9 20,882.8 21,174.3 21,446.6 16,875.0 16,593.5 16,699.6 16,800.7 16,949.3 17,050.5 458.3 148.6 101.2
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Table 15

Table 15. Price Indexes for Gross Domestic Product by Industry Group: Percent Change from Preceding Period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2021 2022 2023 2024
Line 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 Gross domestic product 7.1 3.6 2.4 5.2 6.2 6.2 7.0 8.5 9.3 4.5 3.7 3.6 1.9 3.2 1.5 3.0 2.5 1.9 2.3
1 Private industries 7.7 3.6 2.2 5.5 6.8 6.7 7.7 9.1 10.3 4.5 3.8 3.7 1.7 3.0 1.4 2.8 2.3 1.7 2.3
2 Agriculture, forestry, fishing, and hunting 26.9 -8.9 -14.0 21.9 118.5 15.3 -20.4 58.2 54.6 11.6 10.1 -15.0 -33.7 -10.1 -29.9 -22.9 -8.2 23.5 21.6
3 Mining 53.1 -33.1 -5.4 142.6 83.7 52.4 117.1 65.3 158.1 -33.3 -60.3 -43.7 -47.0 25.8 5.2 -15.6 10.6 -13.7 -16.4
4 Utilities 11.6 -4.0 -2.2 65.5 -16.0 6.4 13.4 -14.4 81.1 24.2 -18.9 -0.7 -37.5 44.1 -28.1 15.9 -0.3 -5.9 -6.5
5 Construction 16.4 12.1 2.3 2.4 -3.3 11.9 26.1 4.8 21.1 32.0 22.0 7.9 4.2 0.7 7.0 0.9 -0.3 4.0 -0.3
6 Manufacturing 10.4 5.5 -0.2 7.0 7.2 8.2 10.0 12.5 17.8 0.5 10.7 10.3 -3.3 5.8 -2.0 1.9 -3.8 -1.0 1.0
7 Durable goods 6.5 9.0 3.0 -4.1 1.1 1.2 6.5 7.7 5.0 12.7 10.9 9.9 7.7 7.5 3.6 3.5 -0.4 0.6 1.1
8 Nondurable goods 14.9 1.8 -3.7 22.5 14.9 16.8 13.9 18.0 33.4 -11.3 10.6 10.8 -14.4 4.0 -7.9 0.0 -7.5 -2.9 0.9
9 Wholesale trade 14.6 4.2 2.4 10.9 14.3 23.2 10.3 23.3 17.5 0.6 0.9 2.1 7.0 6.4 4.3 -0.6 -0.9 2.8 5.9
10 Retail trade 10.6 -1.9 -4.8 8.2 45.6 11.3 10.1 20.1 3.1 -1.8 -3.1 -0.6 2.8 -9.4 -6.7 -6.1 1.6 -9.5 0.0
11 Transportation and warehousing 16.4 1.5 0.9 -0.7 23.4 17.1 18.8 21.8 15.0 9.0 1.8 1.4 -1.5 -7.9 3.3 1.6 5.6 1.5 -3.6
12 Information -1.9 -0.5 1.7 -3.3 -5.0 -3.3 -2.9 -1.5 -0.4 -1.6 0.8 -2.0 2.3 -3.0 1.0 3.1 3.9 1.2 2.1
13 Finance, insurance, real estate, rental, and leasing 4.9 6.0 4.8 1.8 3.2 3.0 3.5 5.4 5.1 7.0 8.2 5.9 5.9 3.6 4.1 7.1 3.5 4.7 3.6
14 Finance and insurance 6.4 5.1 5.4 3.8 5.6 3.7 5.6 7.5 5.3 9.5 9.0 3.5 4.5 0.9 2.0 10.1 4.3 7.2 6.8
15 Real estate and rental and leasing 4.1 6.5 4.5 0.6 1.8 2.6 2.2 4.3 5.0 5.6 7.8 7.2 6.7 5.2 5.2 5.5 3.1 3.3 1.9
16 Professional and business services 1.6 4.1 3.8 -0.3 -2.9 -0.9 1.6 4.2 0.7 2.5 2.0 7.0 5.9 3.2 2.7 3.8 4.5 4.0 2.9
17 Professional, scientific, and technical services 1.3 3.6 3.3 -1.3 -4.6 -1.8 1.4 3.9 1.1 1.8 2.0 7.1 3.8 2.3 2.8 4.1 4.3 2.5 2.2
18 Management of companies and enterprises -1.4 2.6 4.9 -0.6 -1.9 -1.6 -1.6 1.4 -5.9 1.8 -2.8 4.3 8.5 4.4 1.9 0.2 10.6 10.0 3.4
19 Administrative and waste management services 4.3 6.4 4.1 2.4 0.9 1.6 4.0 6.7 3.7 4.8 4.7 8.3 9.9 4.6 2.7 5.3 1.6 4.7 4.5
20 Educational services, health care, and social assistance 2.4 4.3 3.6 6.3 -0.5 2.4 3.1 1.8 1.0 4.6 5.9 3.3 5.8 3.5 3.9 4.8 2.2 2.7 2.7
21 Educational services 2.0 4.6 3.8 3.3 2.2 3.2 2.4 -0.4 0.2 5.5 5.7 4.6 5.6 3.9 3.2 4.3 2.7 4.9 3.7
22 Health care and social assistance 2.5 4.3 3.6 6.8 -0.9 2.2 3.2 2.2 1.1 4.4 5.9 3.1 5.8 3.4 4.0 4.9 2.1 2.4 2.5
23 Arts, entertainment, recreation, accommodation, and food services 8.5 10.1 5.3 0.8 3.3 14.8 12.3 6.6 1.2 10.9 16.1 9.8 11.1 5.6 8.2 3.5 4.9 2.5 5.8
24 Arts, entertainment, and recreation 3.3 8.7 6.5 -13.6 17.4 5.8 9.6 -1.2 -8.8 12.1 7.3 18.4 -2.2 10.8 19.0 5.2 -1.7 4.6 6.7
25 Accommodation and food services 10.2 10.6 5.0 6.1 -0.8 17.7 13.2 9.3 4.7 10.5 19.2 7.1 15.9 3.9 4.9 2.9 7.3 1.8 5.5
26 Other services, except government 8.5 12.9 7.6 5.9 1.3 5.7 8.3 8.7 5.8 14.2 17.5 12.6 14.3 11.9 4.8 7.7 8.9 3.4 6.4
27 Government 2.9 3.5 4.1 2.6 2.7 1.8 3.0 2.6 2.6 4.8 3.0 3.4 2.7 4.6 2.7 5.3 4.7 3.4 3.1
28 Federal 5.5 5.4 4.6 5.8 2.1 4.0 5.7 3.8 9.0 7.2 3.7 5.4 3.5 8.6 3.2 4.9 3.5 4.6 3.5
29 State and local 1.7 2.5 3.8 1.1 3.0 0.8 1.7 2.0 -0.3 3.7 2.7 2.5 2.4 2.8 2.4 5.4 5.3 2.9 2.8
Addenda:
30 Private goods-producing industries 1 16.2 1.7 -0.8 12.6 13.2 12.7 18.7 17.2 30.9 3.4 2.4 1.3 -8.6 5.0 -0.9 -1.4 -2.0 0.3 0.1
31 Private services-producing industries 2 5.7 4.1 2.9 4.0 5.4 5.4 5.2 7.2 5.8 4.8 4.2 4.3 4.3 2.5 2.0 3.8 3.3 2.0 2.8
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Table 16

Table 16. Real Gross Output by Industry Group: Percent Change from Preceding Period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2021 2022 2023 2024
Line 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 All Industries 3.0 2.3 2.4 8.8 6.2 3.1 5.8 1.7 2.0 2.7 1.0 3.5 1.4 3.2 2.2 2.8 1.8 3.2 1.7
2 Private industries 3.4 2.3 2.5 8.9 7.0 3.5 6.4 2.1 2.1 2.7 0.8 3.7 1.4 3.2 2.3 2.9 1.8 3.1 1.6
3 Agriculture, forestry, fishing, and hunting -3.4 2.0 -0.3 -1.3 -4.7 -3.9 -1.5 -7.7 -2.6 0.8 1.2 7.2 0.0 -0.3 1.1 1.0 -0.7 -4.7 0.3
4 Mining 7.8 5.9 -0.1 20.2 33.9 -1.4 12.5 -3.8 13.1 21.4 -1.8 6.8 3.4 6.2 -1.3 -3.8 2.0 -1.8 0.7
5 Utilities 3.3 -1.3 1.3 6.1 -1.7 -0.1 -0.5 18.7 1.7 -7.8 -1.5 -3.7 0.5 9.7 -5.8 -1.2 10.3 -2.6 0.5
6 Construction -4.4 2.0 6.5 9.0 -3.2 -7.7 -8.2 2.5 -4.4 -9.2 -4.0 1.4 10.1 11.2 11.8 7.6 1.5 0.0 3.7
7 Manufacturing 0.6 2.1 1.2 4.2 -5.3 -3.3 6.2 1.3 -4.0 2.4 5.5 -0.3 4.4 2.6 -0.5 0.2 2.6 1.5 -0.9
8 Durable goods 2.1 2.9 0.5 4.5 -6.1 -5.4 6.4 3.8 -0.7 6.2 7.2 -3.1 9.3 0.0 -1.2 -3.7 4.6 3.5 -3.1
9 Nondurable goods -0.9 1.4 1.9 4.2 -4.4 -1.2 6.1 -1.2 -7.0 -1.0 3.9 2.4 -0.2 5.3 0.3 4.2 0.6 -0.5 1.4
10 Wholesale trade 2.6 -4.1 0.8 14.2 14.8 -11.4 9.8 14.1 -4.8 -3.1 -7.2 -3.4 -7.2 1.5 0.5 1.1 -0.5 5.9 1.7
11 Retail trade -0.1 3.9 5.0 20.2 -2.7 -10.7 5.8 -1.7 3.9 -0.2 2.4 7.2 -1.4 10.5 7.4 2.7 -0.6 12.3 6.4
12 Transportation and warehousing 6.2 -1.1 2.0 12.2 8.4 13.4 9.0 3.3 10.3 1.8 -8.2 -4.5 1.6 3.1 3.0 -0.4 1.1 4.4 6.1
13 Information 6.9 3.3 4.3 13.0 11.0 8.8 12.4 7.6 5.0 0.7 0.1 5.8 1.3 8.4 3.3 4.5 2.3 7.9 1.0
14 Finance, insurance, real estate, rental, and leasing 2.2 3.7 1.5 8.0 3.8 8.0 6.0 -2.7 -0.3 4.8 1.2 7.6 4.1 3.1 -2.0 4.1 1.1 0.4 0.3
15 Finance and insurance 0.0 4.9 1.4 9.3 -7.5 4.5 0.6 -5.8 1.6 7.9 1.2 9.5 6.4 3.3 -5.6 6.3 0.8 1.8 -3.2
16 Real estate and rental and leasing 3.8 2.9 1.6 7.1 13.0 10.5 9.9 -0.5 -1.6 2.7 1.1 6.3 2.6 2.9 0.6 2.6 1.3 -0.6 2.8
17 Professional and business services 7.9 1.4 2.0 8.9 11.1 9.6 12.5 6.7 7.3 5.1 1.6 1.7 -2.2 -1.9 4.0 2.7 2.4 3.3 1.8
18 Professional, scientific, and technical services 7.6 3.1 3.3 12.3 12.0 11.1 8.8 5.6 5.3 9.0 5.0 2.3 -0.7 -0.8 7.2 2.8 3.6 3.8 3.6
19 Management of companies and enterprises 8.8 1.4 3.5 0.1 14.4 -9.0 19.7 5.9 17.3 6.7 2.3 -4.3 -1.7 3.4 2.2 7.7 1.1 5.7 -0.1
20 Administrative and waste management services 8.3 -2.3 -1.6 6.5 7.4 17.6 17.1 9.4 6.6 -3.5 -5.8 3.8 -5.8 -7.0 -2.0 -0.3 0.6 1.0 -1.1
21 Educational services, health care, and social assistance 4.9 5.3 5.4 -1.2 10.8 8.9 6.4 2.3 1.9 7.1 1.9 9.9 3.5 3.2 7.0 6.7 4.5 6.1 3.2
22 Educational services 9.7 5.0 2.7 8.0 12.0 11.5 11.8 8.9 8.8 11.3 1.8 6.0 3.4 3.8 2.0 4.0 2.0 1.8 0.5
23 Health care and social assistance 4.2 5.3 5.8 -2.4 10.6 8.5 5.6 1.4 1.0 6.5 1.9 10.5 3.5 3.2 7.7 7.1 4.8 6.7 3.6
24 Arts, entertainment, recreation, accommodation, and food services 11.6 4.3 1.4 30.2 76.9 31.0 0.4 -4.0 29.8 1.4 4.2 9.2 -4.8 1.3 3.7 1.9 0.2 0.7 3.8
25 Arts, entertainment, and recreation 18.4 2.6 3.9 44.9 42.8 54.1 17.4 0.4 33.9 3.1 10.7 -0.8 4.0 -12.2 -6.7 12.8 16.8 1.0 6.8
26 Accommodation and food services 9.6 4.8 0.6 26.0 88.6 24.8 -4.3 -5.4 28.5 0.8 2.2 12.6 -7.4 6.0 7.0 -1.3 -4.5 0.5 2.8
27 Other services, except government 7.5 2.0 2.4 -3.3 19.4 14.7 5.7 4.4 -1.1 19.4 4.8 1.7 -5.1 -8.1 9.6 3.8 2.1 7.8 -3.3
28 Government 0.2 2.2 2.4 8.2 -0.5 -0.2 1.0 -1.7 0.8 2.0 2.4 2.5 1.9 3.2 1.2 2.3 2.2 3.5 3.1
29 Federal -3.2 0.4 1.8 23.9 -7.8 -10.4 3.0 -7.5 -1.1 1.4 0.9 -0.4 -0.2 2.9 -1.6 1.4 1.9 7.1 3.2
30 State and local 1.8 3.0 2.6 1.7 3.2 4.8 0.1 0.9 1.6 2.2 3.0 3.8 2.8 3.3 2.5 2.7 2.3 2.1 3.0
Addenda:
31 Private goods-producing industries 1 -0.2 2.4 2.1 5.6 -2.9 -4.2 3.0 0.6 -2.8 1.3 2.6 0.9 5.2 4.4 2.1 1.6 2.1 0.6 0.3
32 Private services-producing industries 2 4.7 2.3 2.6 10.0 10.6 6.2 7.6 2.7 3.9 3.3 0.2 4.6 0.1 2.7 2.4 3.3 1.7 4.0 2.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Table 17

Table 17. Gross Output by Industry Group: Level and Change from Preceding Period
Line Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars Billions of chained (2017) dollars
Line 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Change from preceding period Change from preceding period Change from preceding period
Line 2024 2023 2024 2024 2023 2024 2024 2024 2024
Line 2024 Q4 Q1 Q2 Q3 Q4 2024 Q4 Q1 Q2 Q3 Q4 2024 Q3 Q4
1 All Industries 50,579.8 49,032.6 49,705.6 50,260.7 50,898.5 51,454.2 40,355.9 39,742.5 40,018.0 40,199.7 40,515.4 40,690.6 964.7 315.7 175.2
2 Private industries 45,216.1 43,857.6 44,444.4 44,939.6 45,498.8 45,981.4 36,117.6 35,572.2 35,823.5 35,982.3 36,261.0 36,403.6 866.0 278.7 142.7
3 Agriculture, forestry, fishing, and hunting 597.1 601.6 594.3 589.0 592.5 612.6 446.1 448.2 449.3 448.5 443.2 443.5 -1.3 -5.3 0.3
4 Mining 692.3 721.5 694.9 704.6 689.0 680.8 575.6 580.3 574.6 577.4 574.7 575.8 -0.5 -2.7 1.0
5 Utilities 636.6 619.8 633.0 643.4 635.0 634.9 507.4 501.2 499.7 512.0 508.7 509.4 6.5 -3.4 0.7
6 Construction 2,520.2 2,443.1 2,494.1 2,509.6 2,524.0 2,553.1 1,739.6 1,699.6 1,730.8 1,737.3 1,737.4 1,753.1 106.3 0.0 15.7
7 Manufacturing 7,282.8 7,218.3 7,229.1 7,283.1 7,309.2 7,309.7 5,700.4 5,663.7 5,666.1 5,702.4 5,723.1 5,710.2 65.5 20.8 -12.9
8 Durable goods 3,650.6 3,602.5 3,598.0 3,649.4 3,682.7 3,672.4 2,897.7 2,894.0 2,866.6 2,899.1 2,924.0 2,901.1 13.1 24.9 -22.9
9 Nondurable goods 3,632.1 3,615.8 3,631.1 3,633.7 3,626.5 3,637.3 2,808.1 2,775.7 2,804.4 2,808.6 2,804.8 2,814.5 51.5 -3.8 9.7
10 Wholesale trade 2,937.1 2,873.7 2,888.1 2,895.9 2,956.9 3,007.3 2,188.3 2,166.5 2,172.2 2,169.7 2,200.8 2,210.4 17.4 31.1 9.5
11 Retail trade 2,842.2 2,801.2 2,800.1 2,812.3 2,852.7 2,903.6 2,272.8 2,218.7 2,233.8 2,230.2 2,295.8 2,331.5 108.5 65.6 35.6
12 Transportation and warehousing 1,813.0 1,765.0 1,773.8 1,802.0 1,825.9 1,850.4 1,372.9 1,359.2 1,357.7 1,361.3 1,376.1 1,396.6 27.6 14.8 20.5
13 Information 2,673.8 2,556.3 2,607.7 2,642.2 2,710.1 2,735.3 2,618.2 2,552.1 2,580.4 2,595.4 2,645.3 2,651.8 109.1 49.9 6.5
14 Finance, insurance, real estate, rental, and leasing 9,873.1 9,462.6 9,701.8 9,819.5 9,935.2 10,035.7 7,718.6 7,621.3 7,697.9 7,718.8 7,726.2 7,731.7 116.7 7.4 5.5
15 Finance and insurance 4,008.0 3,792.6 3,925.9 3,977.2 4,053.6 4,075.3 3,152.6 3,099.5 3,147.2 3,153.7 3,167.5 3,141.8 44.0 13.8 -25.7
16 Real estate and rental and leasing 5,865.1 5,669.9 5,776.0 5,842.4 5,881.6 5,960.4 4,569.0 4,524.3 4,553.6 4,567.9 4,561.7 4,592.7 72.7 -6.3 31.1
17 Professional and business services 5,865.7 5,646.2 5,728.0 5,821.7 5,919.9 5,993.3 5,153.1 5,069.5 5,102.9 5,133.9 5,176.1 5,199.6 101.1 42.2 23.6
18 Professional, scientific, and technical services 3,505.9 3,364.1 3,416.2 3,481.7 3,535.3 3,590.3 3,130.2 3,066.8 3,088.1 3,115.4 3,144.7 3,172.5 98.9 29.2 27.8
19 Management of companies and enterprises 843.8 798.2 815.3 832.7 860.1 867.0 798.7 777.0 791.6 793.8 804.8 804.6 27.2 11.0 -0.3
20 Administrative and waste management services 1,516.1 1,484.0 1,496.5 1,507.2 1,524.5 1,536.0 1,236.3 1,235.2 1,234.2 1,236.1 1,239.0 1,235.8 -19.8 2.9 -3.3
21 Educational services, health care, and social assistance 4,084.5 3,871.6 3,973.1 4,044.0 4,129.2 4,191.8 3,383.0 3,270.3 3,323.7 3,360.3 3,410.5 3,437.6 173.2 50.1 27.2
22 Educational services 499.8 482.8 491.1 496.8 503.3 508.2 411.3 404.8 408.7 410.7 412.6 413.1 10.7 1.8 0.5
23 Health care and social assistance 3,584.7 3,388.8 3,482.0 3,547.2 3,625.9 3,683.6 2,972.0 2,865.7 2,915.2 2,949.8 2,998.2 3,024.9 162.6 48.4 26.7
24 Arts, entertainment, recreation, accommodation, and food services 2,304.9 2,238.1 2,264.8 2,288.8 2,307.8 2,358.4 1,733.6 1,719.3 1,727.4 1,728.4 1,731.3 1,747.4 23.4 2.9 16.2
25 Arts, entertainment, and recreation 564.3 519.9 540.7 561.4 568.5 586.7 446.4 418.3 431.1 448.2 449.3 456.8 16.6 1.2 7.4
26 Accommodation and food services 1,740.6 1,718.1 1,724.1 1,727.3 1,739.3 1,771.7 1,288.7 1,301.0 1,296.9 1,281.9 1,283.6 1,292.5 7.2 1.7 8.9
27 Other services, except government 1,092.7 1,038.6 1,061.6 1,083.5 1,111.3 1,114.6 795.4 779.3 786.6 790.6 805.5 798.9 18.6 15.0 -6.7
28 Government 5,363.7 5,175.0 5,261.2 5,321.1 5,399.7 5,472.9 4,239.4 4,171.4 4,195.7 4,218.5 4,255.5 4,287.9 98.8 36.9 32.4
29 Federal 1,616.3 1,552.6 1,576.0 1,594.8 1,634.9 1,659.6 1,268.7 1,246.6 1,251.0 1,256.9 1,278.5 1,288.6 22.8 21.6 10.1
30 State and local 3,747.4 3,622.4 3,685.1 3,726.3 3,764.8 3,813.3 2,969.3 2,923.5 2,943.4 2,960.4 2,975.6 2,997.9 76.0 15.2 22.3
Addenda:
31 Private goods-producing industries 1 11,092.4 10,984.5 11,012.4 11,086.4 11,114.6 11,156.1 8,488.0 8,414.3 8,446.9 8,491.4 8,503.8 8,510.0 178.2 12.5 6.1
32 Private services-producing industries 2 34,123.7 32,873.1 33,432.0 33,853.3 34,384.2 34,825.2 27,659.8 27,184.1 27,404.9 27,518.9 27,788.5 27,926.6 688.3 269.6 138.1
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Table 18

Table 18. Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period
Line 2022 2023 2024 Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 2021 2022 2023 2024
Line 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 All Industries 8.3 1.4 2.0 7.7 10.4 8.2 8.0 10.7 11.5 2.4 0.0 0.7 -0.7 2.6 0.9 2.7 2.7 1.9 2.7
2 Private industries 8.4 1.4 1.9 7.7 11.0 8.6 8.2 11.1 11.5 2.4 -0.1 0.8 -0.7 2.3 0.8 2.5 2.7 1.9 2.7
3 Agriculture, forestry, fishing, and hunting 23.9 -4.7 -3.7 15.3 57.7 17.6 0.7 46.9 37.0 7.4 1.5 -14.8 -13.4 -4.1 -10.2 -5.6 -2.8 7.4 14.0
4 Mining 33.6 -22.4 -3.7 79.4 43.8 39.5 68.4 35.9 87.9 -19.2 -44.9 -30.6 -35.0 15.1 3.1 -10.5 3.7 -6.9 -5.3
5 Utilities 13.9 -7.3 -1.8 57.4 -10.3 15.0 19.4 -7.4 70.0 17.5 -22.5 -9.2 -34.5 35.4 -20.5 10.2 -3.2 -2.6 -0.6
6 Construction 15.4 4.4 1.3 8.1 12.2 12.1 18.4 17.4 17.5 12.4 7.9 1.7 -1.2 0.5 2.9 1.0 1.0 2.3 1.0
7 Manufacturing 13.3 -1.4 -0.2 19.0 21.7 16.3 13.5 18.2 21.9 -4.4 -4.3 -1.1 -5.6 1.8 -1.4 0.4 0.4 0.0 0.9
8 Durable goods 8.6 1.8 1.5 8.7 14.8 11.8 9.8 11.8 8.6 0.4 -1.1 3.8 2.2 0.8 0.1 3.3 1.2 0.2 2.0
9 Nondurable goods 17.8 -4.4 -1.8 30.5 28.9 20.7 17.2 24.5 35.3 -8.4 -7.1 -5.6 -12.7 2.8 -2.9 -2.4 -0.3 -0.3 -0.2
10 Wholesale trade 10.7 2.7 2.6 7.8 12.9 15.6 8.1 16.4 12.4 1.7 -0.2 1.3 3.8 4.5 3.1 1.0 1.6 2.7 5.2
11 Retail trade 8.9 -1.0 -2.4 6.6 30.4 9.1 8.0 15.4 5.0 0.4 -2.5 -0.4 0.7 -5.3 -4.5 -2.8 2.4 -5.7 0.9
12 Transportation and warehousing 14.7 -1.5 1.5 6.3 24.8 17.6 17.0 19.9 16.8 1.8 -3.0 -2.7 -6.5 -3.0 3.2 2.5 5.4 0.9 -0.6
13 Information 1.1 -0.5 1.8 -2.5 0.7 0.0 -0.7 3.1 2.1 0.4 0.3 -2.2 0.1 -1.7 0.3 3.6 3.0 2.6 2.7
14 Finance, insurance, real estate, rental, and leasing 5.2 4.4 4.1 2.9 5.4 3.9 3.9 6.3 5.4 5.6 5.5 4.2 3.8 3.2 2.5 6.2 3.8 4.4 3.8
15 Finance and insurance 4.7 3.2 4.4 4.3 6.9 3.6 4.0 5.9 3.5 5.1 5.0 2.6 2.8 2.0 0.5 8.0 4.5 6.1 5.5
16 Real estate and rental and leasing 5.6 5.2 4.0 1.9 4.4 4.2 3.9 6.6 6.8 5.9 5.9 5.3 4.4 4.1 3.8 4.9 3.4 3.3 2.6
17 Professional and business services 3.1 3.1 3.1 0.8 1.4 1.4 2.7 5.7 2.8 2.7 1.3 4.7 3.7 2.5 1.9 3.2 4.2 3.5 3.2
18 Professional, scientific, and technical services 2.7 2.8 2.9 0.0 -0.1 0.6 2.4 5.1 2.9 2.2 1.3 5.0 2.6 1.9 2.0 3.4 4.2 2.4 2.7
19 Management of companies and enterprises 1.0 2.3 3.9 0.0 1.1 0.4 0.0 3.8 -2.0 3.2 -1.4 3.2 5.3 3.7 1.6 1.1 7.6 7.7 3.4
20 Administrative and waste management services 5.2 4.1 3.2 3.1 5.1 3.6 4.6 8.0 5.2 3.7 2.8 5.0 5.4 3.0 2.0 3.8 2.3 3.7 4.1
21 Educational services, health care, and social assistance 3.6 3.3 3.0 5.3 3.1 3.5 3.7 3.9 3.0 4.2 3.6 3.0 3.4 2.9 2.6 3.9 2.7 2.4 2.9
22 Educational services 3.3 3.2 2.8 3.1 4.6 4.2 3.5 2.1 2.9 4.7 3.6 3.3 2.4 2.7 2.4 2.9 2.7 3.6 3.4
23 Health care and social assistance 3.6 3.3 3.1 5.5 2.9 3.4 3.8 4.1 3.0 4.1 3.6 3.0 3.5 2.9 2.7 4.1 2.7 2.3 2.8
24 Arts, entertainment, recreation, accommodation, and food services 7.4 5.7 3.9 2.2 7.3 10.7 8.9 7.5 3.7 7.6 7.7 5.5 4.3 4.6 4.9 2.9 4.1 2.7 5.1
25 Arts, entertainment, and recreation 3.8 5.8 4.9 -9.4 16.5 5.3 7.5 1.5 -4.4 8.5 4.6 12.3 -3.7 9.1 12.7 3.7 -0.6 4.0 6.2
26 Accommodation and food services 8.6 5.6 3.6 6.1 4.7 12.3 9.3 9.5 6.4 7.3 8.7 3.4 7.0 3.2 2.6 2.7 5.6 2.3 4.7
27 Other services, except government 7.3 7.5 4.9 4.7 4.0 5.4 6.6 8.7 6.2 9.0 9.7 7.1 7.2 7.2 2.7 5.2 6.3 2.7 4.6
28 Government 6.8 1.8 2.8 7.4 5.8 5.7 6.7 7.8 11.6 2.6 1.3 0.1 -1.1 4.9 1.3 4.4 2.4 2.4 2.4
29 Federal 6.5 4.5 3.8 5.9 3.6 5.4 6.3 6.2 11.1 5.5 3.1 4.4 2.5 6.3 2.9 4.7 2.9 3.2 2.9
30 State and local 6.9 0.6 2.3 8.1 6.8 5.8 6.9 8.5 11.8 1.4 0.6 -1.7 -2.6 4.3 0.6 4.2 2.2 2.1 2.2
Addenda:
31 Private goods-producing industries 1 15.7 -2.2 -0.3 19.0 22.6 16.9 16.9 20.8 26.2 -1.9 -5.8 -3.9 -7.5 2.0 -0.7 -0.5 0.6 0.4 1.2
32 Private services-producing industries 2 6.0 2.6 2.7 4.2 7.3 5.9 5.4 7.9 6.7 4.0 1.9 2.4 1.8 2.4 1.4 3.6 3.4 2.4 3.2
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
Source: U.S. Bureau of Economic Analysis

Appendix Table A

Appendix Table A. Real Gross Domestic Product and Related Aggregates: Percent Change from Preceding Period and Contributions to Percent Change
Line 2022 2023 2024 r Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates Seasonally adjusted at annual rates
Line 2022 2023 2024 r 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line 2022 2023 2024 r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
Percent change from preceding period
Gross domestic product (GDP) and related aggregates:
1 GDP 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
2 Goods 3.0 3.2 2.1 5.4 5.6 0.8 18.6 -4.6 -3.6 6.7 6.8 0.3 1.6 7.1 2.5 -3.6 5.2 4.7 0.7
3 Services 3.3 3.0 2.8 5.9 8.6 6.1 3.7 0.7 3.3 2.9 3.4 3.9 1.7 2.5 2.8 3.2 2.4 3.2 3.0
4 Structures -4.6 1.0 5.4 4.6 -4.6 -4.5 -4.0 0.2 -5.4 -11.6 -8.3 4.4 11.2 7.5 8.6 9.9 -0.6 -2.9 4.7
5 Motor vehicle output -1.9 7.3 -2.2 20.1 -11.0 -41.8 32.6 -5.4 2.6 11.9 0.0 24.6 13.3 -8.2 -19.0 3.4 20.2 -18.3 4.4
6 GDP excluding motor vehicle output 2.6 2.8 2.9 5.2 7.0 5.0 6.8 -0.9 0.2 2.5 3.5 2.2 2.2 4.7 3.9 1.6 2.6 3.7 2.4
7 Nonfarm business gross value added 1 2.5 2.9 2.9 7.2 7.6 3.4 9.1 -2.0 -0.3 2.6 3.7 2.5 2.4 5.0 3.4 1.3 3.0 3.6 2.5
Contributions to percent change in real gross domestic product
Percent change at annual rate:
8 Gross domestic product 2.5 2.9 2.8 5.6 6.4 3.5 7.4 -1.0 0.3 2.7 3.4 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4
Percentage points at annual rates:
9 Goods 0.94 1.01 0.65 1.80 1.84 0.32 5.51 -1.50 -1.14 2.09 2.12 0.14 0.53 2.22 0.80 -1.12 1.56 1.41 0.23
10 Services 2.00 1.80 1.68 3.45 5.04 3.56 2.26 0.44 1.92 1.74 2.00 2.29 1.01 1.50 1.67 1.91 1.48 1.92 1.81
11 Structures -0.42 0.09 0.47 0.38 -0.45 -0.42 -0.36 0.02 -0.50 -1.10 -0.77 0.36 0.91 0.64 0.73 0.85 -0.05 -0.26 0.41
12 Motor vehicle output -0.05 0.19 -0.06 0.50 -0.32 -1.40 0.72 -0.15 0.07 0.30 0.00 0.60 0.35 -0.24 -0.56 0.09 0.47 -0.51 0.10
r Revised
1. Consists of GDP less gross value added of farm, of households and institutions, and of general government.
Source: U.S. Bureau of Economic Analysis

Appendix Table B

Appendix Table B. Not Seasonally Adjusted Real Gross Domestic Product: Level and Percent Change from Quarter One Year Ago
Line Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Billions of chained (2017) dollars at quarterly rates Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago Percent change from quarter one year ago
Line 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2022 2023 2023 2023 2023 2024 2024 2024 2024
Line Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 r
1 Gross domestic product (GDP) 5,544.4 5,668.9 5,469.2 5,646.3 5,724.1 5,831.6 5,638.5 5,817.2 5,866.8 6,001.7 1.4 2.5 3.0 3.2 2.9 3.1 3.0 2.5 2.9
2 Personal consumption expenditures 3,815.1 3,937.8 3,766.5 3,898.9 3,911.2 4,045.1 3,871.4 4,006.2 4,024.5 4,187.5 1.6 2.7 2.2 2.5 2.7 2.8 2.8 2.9 3.5
3 Gross private domestic investment 1,077.5 1,026.6 995.8 1,030.3 1,098.0 1,045.1 1,047.0 1,091.1 1,129.7 1,071.6 -1.1 -3.5 0.2 1.9 1.8 5.1 5.9 2.9 2.5
4 Net exports of goods and services -271.1 -230.1 -211.9 -235.8 -254.2 -230.9 -225.9 -263.9 -289.9 -259.9 .... .... .... .... .... .... .... .... ....
5 Exports 626.9 640.9 614.6 627.7 629.8 651.7 626.7 649.6 659.9 673.1 4.9 6.6 2.6 0.4 1.7 2.0 3.5 4.8 3.3
6 Imports 898.1 871.0 826.6 863.5 883.9 882.6 852.6 913.5 949.7 933.0 1.3 -1.2 -3.2 -1.6 1.3 3.2 5.8 7.4 5.7
7 Government consumption expenditures and gross investment 920.3 934.2 918.7 952.3 968.3 972.5 946.6 981.4 997.8 1,000.4 0.8 2.6 3.5 5.2 4.1 3.0 3.1 3.0 2.9
Addenda:
Current dollar measures: (Billions of dollars)
8 GDP 6,614.8 6,794.8 6,639.8 6,897.7 7,029.1 7,159.3 6,997.8 7,290.5 7,364.7 7,556.0 8.0 8.2 6.5 6.3 5.4 5.4 5.7 4.8 5.5
9 Gross domestic income 6,594.5 6,743.4 6,872.3 6,729.3 6,803.5 7,071.0 7,245.5 7,120.8 7,166.6 7,525.8 5.8 8.2 5.3 3.2 4.9 5.4 5.8 5.3 6.4
r Revised
Source: U.S. Bureau of Economic Analysis