Gross Domestic Product in Current and Real (2000) Dollars by IjlztXD

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									Table 651. Gross Domestic Product in Current and Chained (2000) Dollars

See notes


                         Item                               1929      1930    1931    1932

                    CURRENT DOLLARS

    Gross domestic product                                 103.6      91.2    76.5    58.7
Personal consumption expenditures                           77.4      70.1    60.7    48.7
  Durable goods                                              9.2       7.2     5.5     3.6
  Nondurable goods                                          37.7      34.0    29.0    22.7
  Services                                                  30.5      29.0    26.2    22.3
Gross private domestic investment                           16.5      10.8     5.9     1.3
  Fixed investment                                          14.9      11.0     7.0     3.6
    Nonresidential                                          11.0       8.6     5.3     2.9
      Structures                                             5.5       4.4     2.6     1.4
      Equipment and software                                 5.5       4.2     2.6     1.5
    Residential                                              4.0       2.4     1.8     0.8
  Change in private inventories                              1.5      -0.2    -1.1    -2.4
Net exports of goods and services                            0.4       0.3     0.0     0.0
  Exports                                                    5.9       4.4     2.9     2.0
    Goods                                                    5.3       3.9     2.5     1.7
    Services                                                 0.6       0.5     0.4     0.3
  Imports                                                    5.6       4.1     2.9     1.9
    Goods                                                    4.5       3.1     2.1     1.3
    Services                                                 1.1       1.0     0.8     0.6
Government consumption expenditures and gross investment     9.4      10.0     9.9     8.7
  Federal                                                    1.7       1.8     1.9     1.8
    National defense                                         0.9       0.9     0.9     0.9
    Nondefense                                               0.8       0.9     0.9     0.9
  State and local                                            7.6       8.2     8.0     6.9

                CHAINED (2000) DOLLARS

    Gross domestic product                                 865.2     790.7   739.9   643.7
Personal consumption expenditures                          661.4     626.1   606.9   553.0
  Durable goods                                             (NA)    (NA)    (NA)    (NA)
  Nondurable goods                                          (NA)    (NA)    (NA)    (NA)
  Services                                                  (NA)    (NA)    (NA)    (NA)
Gross private domestic investment                           91.3    60.9    38.3    11.5
  Fixed investment                                          (NA)    (NA)    (NA)    (NA)
    Nonresidential                                          (NA)    (NA)    (NA)    (NA)
      Structures                                            (NA)    (NA)    (NA)    (NA)
      Equipment and software                                (NA)    (NA)    (NA)    (NA)
    Residential                                             (NA)    (NA)    (NA)    (NA)
  Change in private inventories                             (NA)    (NA)    (NA)    (NA)
Net exports of goods and services                           (NA)    (NA)    (NA)    (NA)
  Exports                                                   34.9    28.9    24.0    18.8
    Goods                                                   (NA)    (NA)    (NA)    (NA)
    Services                                                (NA)    (NA)    (NA)    (NA)
  Imports                                                   44.3    38.5    33.6    27.9
    Goods                                                   (NA)    (NA)    (NA)    (NA)
    Services                                                (NA)    (NA)    (NA)    (NA)
Government consumption expenditures and gross investment   120.6   132.9   138.5   133.8
  Federal                                                   (NA)    (NA)    (NA)    (NA)
    National defense                                        (NA)    (NA)    (NA)    (NA)
    Nondefense                                              (NA)    (NA)    (NA)    (NA)
  State and local                                           (NA)    (NA)    (NA)    (NA)
Residual                                                     1.3   -19.6   -34.2   -45.5

Source: U.S. Bureau of Economic Analysis
 1933    1934    1935    1936    1937    1938   1939      1940      1941      1942



 56.4    66.0    73.3    83.8    91.9    86.1   92.2      101.4    126.7     161.9
 45.9    51.5    55.9    62.2    66.8    64.3   67.2       71.3     81.1      89.0
  3.5     4.2     5.1     6.3     6.9     5.7    6.7        7.8      9.7       6.9
 22.3    26.7    29.3    32.9    35.2    34.0   35.1       37.0     42.9      50.8
 20.2    20.5    21.5    23.0    24.7    24.6   25.4       26.5     28.5      31.4
  1.7     3.7     6.7     8.6    12.2     7.1    9.3       13.6     18.1      10.4
  3.1     4.3     5.6     7.5     9.5     7.7    9.1       11.2     13.8       8.5
  2.5     3.3     4.3     5.8     7.5     5.5    6.1        7.7      9.7       6.3
  1.1     1.2     1.4     1.9     2.7     2.1    2.2        2.6      3.3       2.2
  1.4     2.1     2.8     3.9     4.8     3.4    3.9        5.2      6.4       4.1
  0.6     0.9     1.3     1.7     2.1     2.1    3.0        3.5      4.1       2.2
 -1.4    -0.6     1.1     1.2     2.6    -0.6    0.2        2.4      4.3       1.9
  0.1     0.3    -0.2    -0.1     0.1     1.0    0.8        1.5      1.0      -0.3
  2.0     2.6     2.8     3.0     4.0     3.8    4.0        4.9      5.5       4.4
  1.7     2.2     2.4     2.6     3.5     3.2    3.3        4.1      4.5       3.4
  0.3     0.3     0.4     0.4     0.6     0.6    0.6        0.8      0.9       1.0
  1.9     2.2     3.0     3.2     4.0     2.8    3.1        3.4      4.4       4.6
  1.5     1.8     2.5     2.5     3.2     2.2    2.4        2.7      3.4       2.7
  0.4     0.5     0.5     0.6     0.8     0.7    0.7        0.7      1.0       1.9
  8.7    10.5    10.9    13.1    12.8    13.8   14.8       15.0     26.5      62.7
  2.3     3.3     3.4     5.6     5.1     5.7    6.0        6.5     18.0      54.1
  0.9     0.8     1.0     1.2     1.3     1.4    1.5        2.5     14.3      51.1
  1.4     2.5     2.3     4.3     3.8     4.4    4.5        4.0      3.7       3.0
  6.4     7.2     7.5     7.5     7.7     8.1    8.8        8.6      8.6       8.6



635.5   704.2   766.9   866.6   911.1   879.7   950.7   1,034.1   1,211.1   1,435.4
541.0   579.3   614.8   677.0   702.0   690.7   729.1     767.1     821.9     803.1
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 17.0    30.7    56.9    72.9    91.1    60.2    77.4   107.9   131.7     69.6
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 18.9    21.0    22.2    23.3    29.3    29.0    30.6    34.8    35.7     23.6
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 29.1    29.7    38.9    38.4    43.3    33.6    35.3    36.2    44.5     40.4
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
129.2   145.7   149.7   174.7   167.3   180.2   196.0   201.5   335.1    788.6
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)     (NA)
-41.5   -42.8   -37.8   -42.9   -35.3   -46.8   -47.1   -41.0   -68.8   -209.1
   1943      1944      1945      1946      1947      1948     1949      1950      1951      1952



  198.6     219.8     223.1     222.3     244.2     269.2     267.3     293.8    339.3     358.3
   99.9     108.7     120.0     144.3     162.0     175.0     178.5     192.2    208.5     219.5
    6.5       6.7       8.0      15.8      20.4      22.9      25.1      30.7     29.9      29.3
   58.6      64.3      71.9      82.7      90.9      96.6      94.9      98.2    109.2     114.7
   34.8      37.6      40.1      45.8      50.7      55.6      58.6      63.3     69.5      75.4
    6.1       7.8      10.8      31.1      35.0      48.1      36.9      54.1     60.2      54.0
    6.9       8.7      12.3      25.1      35.5      42.4      39.6      48.3     50.3      50.5
    5.4       7.4      10.6      17.3      23.5      26.8      24.9      27.8     31.8      31.9
    1.8       2.4       3.3       7.4       8.1       9.5       9.2      10.0     12.0      12.2
    3.7       5.0       7.3       9.9      15.3      17.3      15.7      17.8     19.9      19.7
    1.4       1.4       1.7       7.8      12.1      15.6      14.6      20.5     18.4      18.6
   -0.7      -0.9      -1.5       6.0      -0.6       5.7      -2.7       5.8      9.9       3.5
   -2.2      -2.0      -0.8       7.2      10.8       5.5       5.2       0.7      2.5       1.2
    4.0       4.9       6.8      14.2      18.7      15.5      14.5      12.4     17.1      16.5
    2.9       3.6       5.4      11.8      16.1      13.3      12.2      10.2     14.2      13.4
    1.1       1.3       1.4       2.4       2.6       2.3       2.3       2.1      2.9       3.0
    6.3       6.9       7.5       7.0       7.9      10.1       9.2      11.6     14.6      15.3
    3.4       3.8       3.9       5.1       6.0       7.6       6.9       9.1     11.2      10.8
    2.8       3.1       3.7       1.9       2.0       2.5       2.4       2.5      3.4       4.5
   94.8     105.3      93.0      39.6      36.4      40.6      46.7      46.8     68.1      83.6
   86.5      97.0      84.1      28.9      22.7      24.2      27.7      26.0     45.1      59.2
   84.2      94.5      82.0      25.2      18.2      18.3      19.8      19.6     39.3      52.4
    2.3       2.4       2.1       3.7       4.4       5.9       7.9       6.5      5.8       6.8
    8.4       8.4       9.0      10.8      13.7      16.3      19.0      20.7     23.0      24.4



1,670.9   1,806.5   1,786.3   1,589.4   1,574.5   1,643.2   1,634.6   1,777.3   1,915.0   1,988.3
  826.1     850.2     902.7   1,012.9   1,031.6   1,054.4   1,083.5   1,152.8   1,171.2   1,208.2
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   41.1      50.8      67.0   172.1   165.3   211.2   161.2   227.7   228.3   206.5
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   19.9      21.4      29.9    64.6    73.7    58.0    57.5    50.3    61.7    59.0
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   50.9      53.3      56.7    47.0    44.6    52.0    50.2    59.3    61.7    67.1
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
1,173.3   1,320.5   1,152.9   396.8   337.2   361.7   404.9   405.3   553.5   666.3
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
   (NA)      (NA)      (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 -338.6    -383.1    -309.5   -10.0    11.3     9.9   -22.3     0.5   -38.0   -84.6
   1953      1954      1955      1956      1957      1958     1959       1960      1961      1962



  379.4     380.4     414.8     437.5     461.1     467.2     506.6     526.4    544.7     585.6
  233.1     240.0     258.8     271.7     286.9     296.2     317.6     331.7    342.1     363.3
   32.7      31.9      38.8      38.1      40.0      37.4      42.7      43.3     41.8      46.9
  117.8     119.7     124.7     130.8     137.1     141.7     148.5     152.8    156.6     162.8
   82.5      88.4      95.2     102.8     109.8     117.0     126.5     135.6    143.8     153.6
   56.4      53.8      69.0      72.0      70.5      64.5      78.5      78.9     78.2      88.1
   54.5      55.8      64.0      68.1      69.7      64.9      74.6      75.7     75.2      82.0
   35.1      34.7      39.0      44.5      47.5      42.5      46.5      49.4     48.8      53.1
   13.6      13.9      15.2      18.2      19.0      17.6      18.1      19.6     19.7      20.8
   21.5      20.8      23.9      26.3      28.6      24.9      28.4      29.8     29.1      32.3
   19.4      21.1      25.0      23.6      22.2      22.3      28.1      26.3     26.4      29.0
    1.9      -1.9       5.0       4.0       0.8      -0.4       3.9       3.2      3.0       6.1
   -0.7       0.4       0.5       2.4       4.1       0.5       0.4       4.2      4.9       4.1
   15.3      15.8      17.7      21.3      24.0      20.6      22.7      27.0     27.6      29.1
   12.4      12.9      14.4      17.6      19.6      16.4      16.5      20.5     20.9      21.7
    2.9       2.9       3.3       3.7       4.5       4.1       6.3       6.6      6.7       7.4
   16.0      15.4      17.2      18.9      19.9      20.0      22.3      22.8     22.7      25.0
   11.0      10.4      11.5      12.8      13.3      13.0      15.3      15.2     15.1      16.9
    5.0       5.1       5.7       6.1       6.7       7.1       7.0       7.6      7.6       8.1
   90.6      86.2      86.5      91.4      99.7     106.0     110.0     111.6    119.5     130.1
   64.4      57.3      54.9      56.7      61.3      63.8      65.4      64.1     67.9      75.3
   55.9      49.2      47.0      49.2      53.6      55.4      53.8      53.4     56.5      61.1
    8.5       8.1       7.9       7.5       7.7       8.4      11.5      10.7     11.4      14.2
   26.1      28.9      31.6      34.7      38.3      42.2      44.7      47.5     51.6      54.9



2,079.5   2,065.4   2,212.8   2,255.8   2,301.1   2,279.2   2,441.3   2,501.8   2,560.0   2,715.2
1,265.7   1,291.4   1,385.5   1,425.4   1,460.7   1,472.3   1,554.6   1,597.4   1,630.3   1,711.1
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
216.2   206.1   256.2   252.7   241.7   221.7   266.7   266.6   264.9   298.4
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 55.1    57.7    63.9    74.4    80.9    70.0    77.2    90.6    91.1    95.7
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 73.4    69.8    78.2    84.5    88.1    92.3   101.9   103.3   102.6   114.3
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
713.9   665.1   640.7   641.0   669.5   690.9   714.3   715.4   751.3   797.6
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)    (NA)
-98.0   -85.1   -55.3   -53.2   -63.6   -83.4   -69.6   -64.9   -75.0   -73.3
   1963      1964      1965      1966      1967      1968      1969      1970      1971      1972



  617.7     663.6     719.1     787.8     832.6     910.0     984.6   1,038.5   1,127.1   1,238.3
  382.7     411.4     443.8     480.9     507.8     558.0     605.2     648.5     701.9     770.6
   51.6      56.7      63.3      68.3      70.4      80.8      85.9      85.0      96.9     110.4
  168.2     178.6     191.5     208.7     217.1     235.7     253.1     272.0     285.5     308.0
  162.9     176.1     189.0     203.8     220.3     241.6     266.1     291.5     319.5     352.2
   93.8     102.1     118.2     131.3     128.6     141.2     156.4     152.4     178.2     207.6
   88.1      97.2     109.0     117.7     118.7     132.1     147.3     150.4     169.9     198.5
   56.0      63.0      74.8      85.4      86.4      93.4     104.7     109.0     114.1     128.8
   21.2      23.7      28.3      31.3      31.5      33.6      37.7      40.3      42.7      47.2
   34.8      39.2      46.5      54.0      54.9      59.9      67.0      68.7      71.5      81.7
   32.1      34.3      34.2      32.3      32.4      38.7      42.6      41.4      55.8      69.7
    5.6       4.8       9.2      13.6       9.9       9.1       9.2       2.0       8.3       9.1
    4.9       6.9       5.6       3.9       3.6       1.4       1.4       4.0       0.6      -3.4
   31.1      35.0      37.1      40.9      43.5      47.9      51.9      59.7      63.0      70.8
   23.3      26.7      27.8      30.7      32.2      35.3      38.3      44.5      45.6      51.8
    7.7       8.3       9.4      10.2      11.3      12.6      13.7      15.2      17.4      19.0
   26.1      28.1      31.5      37.1      39.9      46.6      50.5      55.8      62.3      74.2
   17.7      19.4      22.2      26.3      27.8      33.9      36.8      40.9      46.6      56.9
    8.4       8.7       9.3      10.7      12.2      12.6      13.7      14.9      15.8      17.3
  136.4     143.2     151.5     171.8     192.7     209.4     221.5     233.8     246.5     263.5
   76.9      78.5      80.4      92.5     104.8     111.4     113.4     113.5     113.7     119.7
   61.0      60.3      60.6      71.7      83.5      89.3      89.5      87.6      84.6      87.0
   15.9      18.2      19.8      20.8      21.3      22.1      23.8      25.8      29.1      32.7
   59.5      64.8      71.0      79.2      87.9      98.0     108.2     120.3     132.8     143.8



2,834.0   2,998.6   3,191.1   3,399.1   3,484.6   3,652.7   3,765.4   3,771.9   3,898.6   4,105.0
1,781.6   1,888.4   2,007.7   2,121.8   2,185.0   2,310.5   2,396.4   2,451.9   2,545.5   2,701.3
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
318.5   344.7   393.1   427.7     408.1     431.9     457.1     427.1   475.7   532.1
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
102.5   114.6   117.8   126.0     128.9     139.0     145.7     161.4   164.1   176.5
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
117.3   123.6   136.7   157.1     168.5     193.6     204.6     213.4   224.7   250.0
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
818.1   836.1   861.3   937.1   1,008.9   1,040.5   1,038.0   1,012.9   990.8   983.5
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
 (NA)    (NA)    (NA)    (NA)      (NA)      (NA)      (NA)      (NA)    (NA)    (NA)
-69.4   -61.6   -52.1   -56.4     -77.8     -75.6     -67.2     -68.0   -52.8   -38.4
   1973      1974      1975      1976      1977      1978      1979      1980      1981      1982



1,382.7   1,500.0   1,638.3   1,825.3   2,030.9   2,294.7   2,563.3   2,789.5   3,128.4   3,255.0
  852.4     933.4   1,034.4   1,151.9   1,278.6   1,428.5   1,592.2   1,757.1   1,941.1   2,077.3
  123.5     122.3     133.5     158.9     181.2     201.7     214.4     214.2     231.3     240.2
  343.1     384.5     420.7     458.3     497.1     550.2     624.5     696.1     758.9     787.6
  385.8     426.6     480.2     534.7     600.2     676.6     753.3     846.9     950.8   1,049.4
  244.5     249.4     230.2     292.0     361.3     438.0     492.9     479.3     572.4     517.2
  228.6     235.4     236.5     274.8     339.0     412.2     474.9     485.6     542.6     532.1
  153.3     169.5     173.7     192.4     228.7     280.6     333.9     362.4     420.0     426.5
   55.0      61.2      61.4      65.9      74.6      93.6     117.7     136.2     167.3     177.6
   98.3     108.2     112.4     126.4     154.1     187.0     216.2     226.2     252.7     248.9
   75.3      66.0      62.7      82.5     110.3     131.6     141.0     123.2     122.6     105.7
   15.9      14.0      -6.3      17.1      22.3      25.8      18.0      -6.3      29.8     -14.9
    4.1      -0.8      16.0      -1.6     -23.1     -25.4     -22.5     -13.1     -12.5     -20.0
   95.3     126.7     138.7     149.5     159.4     186.9     230.1     280.8     305.2     283.2
   73.9     101.0     109.6     117.8     123.7     145.4     184.0     225.8     239.1     215.0
   21.3      25.7      29.1      31.7      35.7      41.5      46.1      55.0      66.1      68.2
   91.2     127.5     122.7     151.1     182.4     212.3     252.7     293.8     317.8     303.2
   71.8     104.5      99.0     124.6     152.6     177.4     212.8     248.6     267.8     250.5
   19.3      22.9      23.7      26.5      29.8      34.8      39.9      45.3      49.9      52.6
  281.7     317.9     357.7     383.0     414.1     453.6     500.8     566.2     627.5     680.5
  122.5     134.6     149.1     159.7     175.4     190.9     210.6     243.8     280.2     310.8
   88.2      95.6     103.9     111.1     120.9     130.5     145.2     168.0     196.3     225.9
   34.3      39.0      45.1      48.6      54.5      60.4      65.4      75.8      84.0      84.9
  159.2     183.4     208.7     223.3     238.7     262.6     290.2     322.4     347.3     369.7



4,341.5   4,319.6   4,311.2   4,540.9   4,750.5   5,015.0   5,173.4   5,161.7   5,291.7   5,189.3
2,833.8   2,812.3   2,876.9   3,035.5   3,164.1   3,303.1   3,383.4   3,374.1   3,422.2   3,470.3
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
594.4     550.6     453.1     544.7     627.0     702.6     725.0     645.3     704.9     606.0
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
209.7     226.3     224.9     234.7     240.3     265.7     292.0     323.5     327.4     302.4
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
261.6     255.7     227.3     271.7     301.4     327.6     333.0     310.9     319.1     315.0
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
980.0   1,004.7   1,027.4   1,031.9   1,043.3   1,074.0   1,094.1   1,115.4   1,125.6   1,145.4
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
 (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)
-14.8     -18.6     -43.8     -34.2     -22.8      -2.8      11.9      14.3      30.7     -19.8
   1983      1984      1985      1986      1987      1988      1989      1990      1991      1992



3,536.7   3,933.2   4,220.3   4,462.8   4,739.5   5,103.8   5,484.4   5,803.1   5,995.9   6,337.7
2,290.6   2,503.3   2,720.3   2,899.7   3,100.2   3,353.6   3,598.5   3,839.9   3,986.1   4,235.3
  280.8     326.5     363.5     403.0     421.7     453.6     471.8     474.2     453.9     483.6
  831.2     884.6     928.7     958.4   1,015.3   1,083.5   1,166.7   1,249.9   1,284.8   1,330.5
1,178.6   1,292.2   1,428.1   1,538.3   1,663.3   1,816.5   1,960.0   2,115.9   2,247.4   2,421.2
  564.3     735.6     736.2     746.5     785.0     821.6     874.9     861.0     802.9     864.8
  570.1     670.2     714.4     739.9     757.8     803.1     847.3     846.4     803.3     848.5
  417.2     489.6     526.2     519.8     524.1     563.8     607.7     622.4     598.2     612.1
  154.3     177.4     194.5     176.5     174.2     182.8     193.7     202.9     183.6     172.6
  262.9     312.2     331.7     343.3     349.9     381.0     414.0     419.5     414.6     439.6
  152.9     180.6     188.2     220.1     233.7     239.3     239.5     224.0     205.1     236.3
   -5.8      65.4      21.8       6.6      27.1      18.5      27.7      14.5      -0.4      16.3
  -51.7    -102.7    -115.2    -132.7    -145.2    -110.4     -88.2     -78.0     -27.5     -33.2
  277.0     302.4     302.0     320.5     363.9     444.1     503.3     552.4     596.8     635.3
  207.3     225.6     222.2     226.0     257.5     325.8     369.4     396.6     423.5     448.0
   69.7      76.7      79.8      94.5     106.4     118.3     134.0     155.7     173.3     187.4
  328.6     405.1     417.2     453.3     509.1     554.5     591.5     630.3     624.3     668.6
  272.7     336.3     343.3     370.0     414.8     452.1     484.8     508.1     500.7     544.9
   56.0      68.8      73.9      83.3      94.3     102.4     106.7     122.3     123.6     123.6
  733.5     797.0     879.0     949.3     999.5   1,039.0   1,099.1   1,180.2   1,234.4   1,271.0
  342.9     374.4     412.8     438.6     460.1     462.3     482.2     508.3     527.7     533.9
  250.7     281.6     311.2     330.9     350.0     354.9     362.2     374.0     383.2     376.9
   92.3      92.8     101.6     107.8     110.0     107.4     120.0     134.3     144.5     157.0
  390.5     422.6     466.2     510.7     539.4     576.7     616.9     671.9     706.7     737.0



5,423.8   5,813.6   6,053.7   6,263.6   6,475.1   6,742.7   6,981.4   7,112.5   7,100.5   7,336.6
3,668.6   3,863.3   4,064.0   4,228.9   4,369.8   4,546.9   4,675.0   4,770.3   4,778.4   4,934.8
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     453.5     427.9     453.0
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)   1,484.0   1,480.5   1,510.1
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)   2,851.7   2,900.0   3,000.8
  662.5     857.7     849.7     843.9     870.0     890.5     926.2     895.1     822.2     889.0
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     886.6     829.1     878.3
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     595.1     563.2     581.3
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     275.2     244.6     229.9
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     355.0     345.9     371.1
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     298.9     270.2     307.6
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      15.4      -0.5      16.5
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     -54.7     -14.6     -15.9
  294.6     318.7     328.3     353.7     391.8     454.6     506.8     552.5     589.1     629.7
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     367.2     392.5     421.9
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     188.7     199.9     210.8
  354.8     441.1     469.8     510.0     540.2     561.4     586.0     607.1     603.7     645.6
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     469.7     469.3     513.1
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     142.7     139.0     135.5
1,187.3   1,227.0   1,312.5   1,392.5   1,426.7   1,445.1   1,482.5   1,530.0   1,547.2   1,555.3
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     659.1     658.0     646.6
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     479.4     474.2     450.7
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     178.6     182.8     195.4
   (NA)      (NA)      (NA)      (NA)      (NA)      (NA)      (NA)     868.4     886.8     906.5
  -34.4     -12.0     -31.0     -45.4     -43.0     -33.0     -23.1     -91.1     -96.0     -89.1
   1993      1994      1995      1996      1997      1998      1999      2000       2001       2002



6,657.4   7,072.2   7,397.7   7,816.9   8,304.3   8,747.0   9,268.4   9,817.0   10,128.0   10,469.6
4,477.9   4,743.3   4,975.8   5,256.8   5,547.4   5,879.5   6,282.5   6,739.4    7,055.0    7,350.7
  526.7     582.2     611.6     652.6     692.7     750.2     817.6     863.3      883.7      923.9
1,379.4   1,437.2   1,485.1   1,555.5   1,619.0   1,683.6   1,804.8   1,947.2    2,017.1    2,079.6
2,571.8   2,723.9   2,879.1   3,048.7   3,235.8   3,445.7   3,660.0   3,928.8    4,154.3    4,347.2
  953.4   1,097.1   1,144.0   1,240.3   1,389.8   1,509.1   1,625.7   1,735.5    1,614.3    1,582.1
  932.5   1,033.3   1,112.9   1,209.5   1,317.8   1,438.4   1,558.8   1,679.0    1,646.1    1,570.2
  666.6     731.4     810.0     875.4     968.7   1,052.6   1,133.9   1,232.1    1,176.8    1,066.3
  177.2     186.8     207.3     224.6     250.3     275.2     282.2     313.2      322.6      279.2
  489.4     544.6     602.8     650.8     718.3     777.3     851.7     918.9      854.2      787.1
  266.0     301.9     302.8     334.1     349.1     385.8     424.9     446.9      469.3      503.9
   20.8      63.8      31.1      30.8      72.0      70.8      66.9      56.5      -31.7       11.9
  -65.0     -93.6     -91.4     -96.2    -101.6    -159.9    -260.5    -379.5     -367.0     -424.4
  655.8     720.9     812.2     868.6     955.3     955.9     991.2   1,096.3    1,032.8    1,005.9
  459.9     510.1     583.3     618.3     687.7     680.9     697.2     784.3      731.2      697.6
  195.9     210.8     228.9     250.2     267.6     275.1     294.0     311.9      301.6      308.4
  720.9     814.5     903.6     964.8   1,056.9   1,115.9   1,251.7   1,475.8    1,399.8    1,430.3
  592.8     676.8     757.4     807.4     885.3     929.0   1,045.5   1,243.5    1,167.9    1,189.3
  128.1     137.7     146.1     157.4     171.5     186.9     206.3     232.3      231.9      241.0
1,291.2   1,325.5   1,369.2   1,416.0   1,468.7   1,518.3   1,620.8   1,721.6    1,825.6    1,961.1
  525.2     519.1     519.2     527.4     530.9     530.4     555.8     578.8      612.9      679.7
  362.9     353.7     348.7     354.6     349.6     345.7     360.6     370.3      392.6      437.1
  162.4     165.5     170.5     172.8     181.3     184.7     195.2     208.5      220.3      242.5
  766.0     806.3     850.0     888.6     937.8     987.9   1,065.0   1,142.8    1,212.8    1,281.5



7,532.7   7,835.5   8,031.7   8,328.9   8,703.5   9,066.9   9,470.3   9,817.0    9,890.7   10,048.8
5,099.8   5,290.7   5,433.5   5,619.4   5,831.8   6,125.8   6,438.6   6,739.4    6,910.4    7,099.3
  488.4     529.4     552.6     595.9     646.9     720.3     804.6     863.3     900.7     964.8
1,550.4   1,603.9   1,638.6   1,680.4   1,725.3   1,794.4   1,876.6   1,947.2   1,986.7   2,037.1
3,085.7   3,176.6   3,259.9   3,356.0   3,468.0   3,615.0   3,758.0   3,928.8   4,023.2   4,100.4
  968.3   1,099.6   1,134.0   1,234.3   1,387.7   1,524.1   1,642.6   1,735.5   1,598.4   1,557.1
  953.5   1,042.3   1,109.6   1,209.2   1,320.6   1,455.0   1,576.3   1,679.0   1,629.4   1,544.6
  631.9     689.9     762.5     833.6     934.2   1,037.8   1,133.3   1,232.1   1,180.5   1,071.5
  228.3     232.3     247.1     261.1     280.1     294.5     293.2     313.2     306.1     253.8
  417.4     467.2     523.1     578.7     658.3     745.6     840.2     918.9     874.2     820.2
  332.7     364.8     353.1     381.3     388.6     418.3     443.6     446.9     448.5     469.9
   20.6      63.6      29.9      28.7      71.2      72.6      68.9      56.5     -31.7      12.5
  -52.1     -79.4     -71.0     -79.6    -104.6    -203.7    -296.2    -379.5    -399.1    -471.3
  650.0     706.5     778.2     843.4     943.7     966.5   1,008.2   1,096.3   1,036.7   1,013.3
  435.6     478.0     533.9     581.1     664.5     679.4     705.2     784.3     736.3     707.0
  217.5     231.1     245.8     263.5     279.2     287.2     303.2     311.9     300.4     306.0
  702.1     785.9     849.1     923.0   1,048.3   1,170.3   1,304.4   1,475.8   1,435.8   1,484.6
  564.8     640.0     697.6     762.7     872.6     974.4   1,095.2   1,243.5   1,204.1   1,248.2
  139.4     147.3     152.1     160.5     175.6     195.6     209.1     232.3     231.6     236.5
1,541.1   1,541.3   1,549.7   1,564.9   1,594.0   1,624.4   1,686.9   1,721.6   1,780.3   1,858.8
  619.6     596.4     580.3     573.5     567.6     561.2     573.7     578.8     601.4     643.4
  425.3     404.6     389.2     383.8     373.0     365.3     372.2     370.3     384.9     413.2
  194.1     191.7     191.0     189.6     194.5     195.9     201.5     208.5     216.5     230.2
  919.5     943.3     968.3     990.5   1,025.9   1,063.0   1,113.2   1,142.8   1,179.0   1,215.4
  -78.6     -63.7     -51.1     -38.5     -23.8     -14.6      -5.8       0.2       1.6       3.0
    2003       2004       2005       2006       2007       2008



10,960.8   11,685.9   12,421.9   13,178.4   13,807.5   14,264.6
 7,703.6    8,195.9    8,694.1    9,207.2    9,710.2   10,057.9
   942.7      983.9    1,020.8    1,052.1    1,082.8    1,023.2
 2,190.2    2,343.7    2,514.1    2,685.2    2,833.0    2,965.1
 4,570.8    4,868.3    5,159.2    5,469.9    5,794.4    6,069.6
 1,664.1    1,888.6    2,086.1    2,220.4    2,130.4    1,993.5
 1,649.8    1,830.0    2,042.8    2,171.1    2,134.0    2,040.5
 1,077.4    1,154.5    1,273.1    1,414.1    1,503.8    1,552.8
   277.2      298.2      337.6      410.4      480.3      553.4
   800.2      856.3      935.5    1,003.7    1,023.5      999.4
   572.4      675.5      769.6      757.0      630.2      487.7
    14.3       58.6       43.3       49.3       -3.6      -47.0
  -499.4     -615.4     -713.6     -757.3     -707.8     -669.2
 1,040.8    1,182.4    1,311.5    1,480.8    1,662.4    1,859.4
   724.4      818.3      908.4    1,032.1    1,149.2    1,283.1
   316.4      364.1      403.1      448.7      513.2      576.3
 1,540.2    1,797.8    2,025.1    2,238.1    2,370.2    2,528.6
 1,283.9    1,499.5    1,705.3    1,882.7    1,985.2    2,115.2
   256.2      298.3      319.8      355.4      385.1      413.4
 2,092.5    2,216.8    2,355.3    2,508.1    2,674.8    2,882.4
   756.4      825.6      875.5      932.2      979.3    1,071.9
   497.2      550.7      588.1      624.1      662.2      734.9
   259.2      274.9      287.4      308.0      317.1      337.0
 1,336.0    1,391.2    1,479.8    1,575.9    1,695.5    1,810.4



10,301.0   10,675.8   10,989.5   11,294.8   11,523.9   11,652.0
 7,295.3    7,561.4    7,791.7    8,029.0    8,252.8    8,272.1
1,020.6   1,084.8   1,134.4   1,185.1   1,242.4   1,188.5
2,103.0   2,177.6   2,252.7   2,335.3   2,392.6   2,378.4
4,178.8   4,311.0   4,420.9   4,529.9   4,646.2   4,714.3
1,613.1   1,770.2   1,873.5   1,912.5   1,809.7   1,689.1
1,596.9   1,712.8   1,829.8   1,865.5   1,808.5   1,718.9
1,081.8   1,144.3   1,226.2   1,318.2   1,382.9   1,405.4
  243.5     246.7     249.8     270.3     304.6     338.8
  843.1     905.1     989.6   1,061.0   1,078.9   1,047.0
  509.4     560.2     595.4     552.9     453.8     359.5
   14.3      54.3      38.9      42.3      -2.5     -29.0
 -518.9    -593.8    -616.6    -615.7    -546.5    -390.2
1,026.1   1,126.1   1,205.3   1,314.8   1,425.9   1,514.1
  719.8     784.4     844.7     928.7     998.7   1,058.5
  306.2     341.4     360.4     386.3     426.9     455.2
1,545.0   1,719.9   1,821.9   1,930.5   1,972.4   1,904.3
1,309.3   1,457.0   1,556.4   1,649.0   1,677.7   1,608.1
  236.6     263.9     267.6     283.7     296.4     297.0
1,904.8   1,931.8   1,939.0   1,971.2   2,012.1   2,070.2
  687.1     715.9     724.5     741.0     752.9     798.2
  449.0     475.0     482.2     490.0     502.1     538.1
  238.0     240.7     242.0     250.8     250.4     259.5
1,217.8   1,215.8   1,214.3   1,230.2   1,259.0   1,273.0
    3.4      -0.3     -11.8     -35.3     -55.1     -24.7
Table 651. Gross Domestic Product in Current and Chained (2000) Dollars

Back to data

HEADNOTE
[In billions of dollars (103.6 represents $103,600,000,000.
For definition of gross domestic product and chained dollars, see text this se
For other definitions, see Notes sheet. For information on the national income
http://www.bea.gov/national/nipaweb/Index.asp ]

SYMBOL
NA Not available.

Source: U.S. Bureau of Economic Analysis,
Survey of Current Business, April 2009. See also
<http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=N>.

For more information:
http://www.bea.gov/National/Index.htm


National income and product accounts

The national income and product accounts (NIPA's) show the value and compositi
distribution of incomes generated in its production. The accounts include esti
market value of the Nation's output of goods and services-in current and real
services that make up GDP in current and real terms, national income, personal
BEA produces specialized measures such as estimates of auto and truck output,
and business inventories and sales. Estimates of gross product originating by
terms. Measures of the inventory and fixed capital stocks consistent with the
Further, the accounts provide a consistent framework within which estimates of
and development in the U.S. economy or as the interaction of the economy and t

The estimates of GDP are prepared each quarter in the following sequence: Adva
the first month after the end of the quarter; as more detailed and comprehensi
estimates are released near the end of the second and third months, respective
outlays are released near the end of the month following the reference month;
revised at that time. Ordinarily, annual NIPA revisions are carried out each s
most recent calendar year and the preceding 2 years. (For example, the July 19
These revisions are timed to incorporate newly available major annual source d
carried out at about 5-year intervals, a comprehensive revision was released i
estimates appear in a set of 54 "selected" tables each month in the SURVEY OF
NIPA tables (138 tables) usually is published at the time of annual revisions
the fixed capital stock are reported shortly thereafter.
Terms

National income and product account

GDP is measured as the sum of personal consumption expenditures, gross private
business inventories and before deduction of charges for CFC), net exports of
government consumption expenditures and gross investment. GDP excludes interme
business.

Personal consumption expenditures is goods and services purchased by persons r
Personal consumption expenditures (PCE) consists mainly of purchases of new go
business. In addition, PCE includes purchases of new goods and of services by
compensation of employees), net purchases of used goods by individuals and non
goods and services by U.S. residents. PCE also includes purchases for certain
government agenciesprimarily tuition payments for higher education, charges fo
sanitary services. Finally, PCE includes imputed purchases that keep PCE invar
activities are carried outfor example, whether housing is rented or owned, whe
charged, or whether employees are paid in cash or in kind.

The following conventions are used to classify each PCE commodity: Durable goo
stored or inventoried and that have an average life of at least 3 years; nondu
that can be stored or inventoried; and services are commodities that cannot be
place and time of purchase.

Gross private domestic investment consists of fixed investment and change in b
Fixed investment consists of both nonresidential fixed investment and resident
consists of purchases of fixed assets, which are commodities that will be used
including replacements and additions to the capital stock, and it is measured
capital. It covers all investment by private businesses and by nonprofit insti
whether the investment is owned by U.S. residents. (Purchases of the same type
agencies are included in government gross investment.) It excludes investment
Nonresidential fixed investment consists of both structures and producers' dur

Nonresidential structures consists of new construction, brokers' commissions o
used structures by private business and by nonprofit institutions from governm
hotels and motels and mining exploration, shafts, and wells.

Nonresidential PDE consists of private business purchases on capital account o
furniture, and vehicles (except for personal-use portions of equipment purchas
are included in PCE), dealers' margins on sales of used equipment, and net pur
agencies, from persons, and from the rest of the world.

Residential fixed investment consists of private structures and of residential
rented to tenants. Investment in structures consists of new units, improvement
commissions on the sale of residential property, and net purchases of used str
Change in business inventories is the change in the physical volume of goods p
in the production of other commodities or for resale, valued in average prices
book value of inventories reported by most business; the difference is the inv
next page).

Net exports of goods and services is exports less imports of goods and service
payments of factor income and transfer payments to the rest of the world (net)

Government consumption expenditures and gross investment consists of net purch
structures from business and from the rest of the world by general government;
households in the form of compensation of employees; the consumption of genera
represents the value of the current services of fixed assets of general govern
government enterprises; inventory change of government enterprises; and a dedu
salesprimarily tuition payments for higher education and charges for medical c
purchases of new and used structures and equipment by general government and g
transactions are consumption expenditures. Government consumption expenditures
by government enterprises (except for fixed assets), transfer payments, intere
and transactions in financial assets and in nonproduced assets, such as land.

Chained-dollar measures

BEA also prepares measures of real GDP and its components in a dollar-denomina
estimates." For GDP and most other series, these estimates are computed by mul
corresponding quantity index number and then dividing by 100.

For analyses of changes over time in an aggregate or in a component, the perce
estimates and from the chain-type quantity indexes are the same; any differenc
because the relative prices used as weights for any period other than the base
chained-dollar values for the detailed GDP components do not necessarily sum t
intermediate aggregate. A measure of the extent of such differences is provide
which indicates the difference between GDP (or an other major aggregate) and t

For periods close to the base year, when there usually has not been much chang
for the chain-type index, the residuals tend to be small, and the chained (199
contributions to growth and to aggregate the detailed estimates.

As one moves further from the base year, the residual tends to become larger,
for analyses of contributions to growth. In general, the use of chained-dollar
contributions to real growth may be misleading for periods away from the base
prices are changing rapidly, these calculations may be misleading even just a
) Dollars




see text this section. Minus sign (-) indicates decline in inventories or net imports\
 national income accounts, see




        ******** *********************************************************************


ue and composition of the Nation's output and the
nts include estimates of gross domestic product (GDP)-the
urrent and real terms, GDP price measures, the goods and
income, personal income, and corporate profits. In addition,
d truck output, GDP of corporate business, housing output,
 originating by industry are prepared annually in current and real
istent with the NIPA output measures are also provided.
ich estimates of analytical interest-such as the role of research
he economy and the environment-can be developed.

g sequence: Advance estimates are released near the end of
 and comprehensive data become available, preliminary and final
nths, respectively. Monthly estimates of personal income and
eference month; estimates for the 2 to 4 most recent months are
rried out each summer and cover the months and quarters of the
ple, the July 1994 revision covered 1991, 1992, and 1993.)
 annual source data. Comprehensive (benchmark) revisions are
n was released in January 1996. Current quarterly NIPA
n the SURVEY OF CURRENT BUSINESS. The full set of
nnual revisions and comprehensive revisions. Annual estimates of


        ******** *********************************************************************
s, gross private domestic investment (including change in
 net exports of goods and services (exports less imports), and
excludes intermediate purchases of goods and services by


sed by persons resident in the United States.
chases of new goods and of services by individuals from
 of services by nonprofit institutions (including
ividuals and nonprofit institutions, and purchases abroad of
ses for certain goods and services provided by
tion, charges for medical care, and charges for water and
t keep PCE invariant to changes in the way that certain
ed or owned, whether financial services are explicitly


ity: Durable goods are commodities that can be
t 3 years; nondurable goods are all other commodities
s that cannot be stored and that are consumed at the


 and change in business inventories.
ent and residential fixed investment. It
hat will be used in a production process for more than 1 year,
 it is measured before a deduction for consumption of fixed
 nonprofit institutions in the United States, regardless of
of the same types of equipment and structures by government
udes investment by U.S. residents in other countries.
d producers' durable equipment (PDE).

s' commissions on sales of structures, and net purchases of
ons from government agencies. New construction also includes


apital account of new machinery, equipment such as
quipment purchased for both business and personal use, which
ent, and net purchases of used equipment from government


d of residential PDEequipment owned by landlords and
its, improvements to existing units, mobile homes, brokers'
ases of used structures from government agencies.
olume of goods purchased by private business for use
n average prices of the period. It differs from the change in the
rence is the inventory valuation adjustment (described on the


oods and services. Receipts and
 the world (net) are excluded.

sts of net purchases of goods, services, and
eral government; payments by general government to
mption of general government fixed capital, which
f general government; net purchases of fixed assets by
ises; and a deduction for general government
es for medical care. Of this total, gross investment is net
government and government enterprises; all other
ion expenditures and gross investment excludes purchases
payments, interest paid or received by government, subsidies,
, such as land.



 dollar-denominated form, designated "chained (1992) dollar
 computed by multiplying the 1996 current-dollar value by a


onent, the percentage changes calculated from the chained-dollar
e; any differences will be small and due to rounding. However,
er than the base period differ from those used for the base period, the
ecessarily sum to the chained-dollar estimate of GDP or to any
ences is provided in most chained-dollar tables by a "residual" line,
aggregate) and the sum of the most detailed components in the table.

 been much change in the relative prices that are used as the weights
the chained (1996) dollar estimates can be used to approximate the


 become larger, and the chained-dollar estimates become less useful
f chained-dollar estimates to calculate component shares or component
y from the base year. In particular, for components for which relative
ing even just a few years from the base year.

        ********
ventories or net imports\]




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eriod, the




relative

								
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