[Economic Indicators July, 1998]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the second quarter of 1998, according to advance estimates, current-
dollar gross domestic product (GDP) rose 2.3 percent (annual rate), real 
GDP (GDP in chained 1992 dollars) rose 1.4 percent, and the implicit 
price deflator rose 0.9 percent. (Series revised.)
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                                                        [Billions of current dollars; quarterly data at seasonally adjusted annual rates]                                                       
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                                                                               Exports and imports  of      Government consumption expenditures  and gross                                      
                                                      Personal                   goods and services                           investment                                                        
                                              Gross      con-      Gross   ---------------------------------------------------------------------------------   Final        Gross      Addendum:
                  Period                    domestic  sumption    private                                                      Federal                        sales of     domestic      Gross  
                                             product   expendi-  domestic      Net                                 ------------------------------   State     domestic  purchases \1\   national
                                                         tures  investment   exports   Exports   Imports    Total             National    Non-       and      product                   product 
                                                                                                                      Total    defense   defense    local                                       
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1990......................................   5,743.8   3,839.3      799.7      -71.3     557.3     628.6   1,176.1     503.6     373.1     130.4     672.6    5,735.8      5,815.1       5,764.9
1991......................................   5,916.7   3,975.1      736.2      -20.5     601.8     622.3   1,225.9     522.6     383.5     139.1     703.4    5,919.0      5,937.2       5,932.4
1992......................................   6,244.4   4,219.8      790.4      -29.5     639.4     669.0   1,263.8     528.0     375.8     152.2     735.8    6,237.4      6,274.0       6,255.5
1993......................................   6,558.1   4,459.2      876.2      -60.7     658.6     719.3   1,283.4     518.3     360.7     157.7     765.0    6,537.6      6,618.8       6,576.8
1994......................................   6,947.0   4,717.0    1,007.9      -90.9     721.2     812.1   1,313.0     510.2     349.2     161.0     802.8    6,885.7      7,037.9       6,955.2
1995r.....................................   7,269.6   4,953.9    1,043.2      -83.9     819.4     903.3   1,356.4     509.1     344.4     164.7     847.3    7,238.9      7,353.5       7,287.1
1996r.....................................   7,661.6   5,215.7    1,131.9      -91.2     873.8     965.0   1,405.2     518.4     351.0     167.4     886.8    7,629.5      7,752.8       7,674.0
1997r.....................................   8,110.9   5,493.7    1,256.0      -93.4     965.4   1,058.8   1,454.6     520.2     346.0     174.3     934.4    8,043.5      8,204.3       8,102.9
                                                                                                                                                                                                
1994:III..................................   6,986.5   4,750.6    1,007.1     -103.4     732.6     836.0   1,332.3     520.4     359.7     160.7     811.9    6,936.3      7,090.0       6,992.3
      IV..................................   7,095.7   4,820.2    1,043.1      -95.6     763.7     859.2   1,328.0     508.3     343.6     164.7     819.6    7,029.6      7,191.3       7,096.8
                                                                                                                                                                                                
1995:Ir...................................   7,170.8   4,862.5    1,058.9      -94.7     787.8     882.5   1,344.1     512.3     346.1     166.2     831.8    7,111.8      7,265.5       7,189.3
      IIr.................................   7,210.9   4,931.5    1,029.6     -108.0     803.4     911.4   1,357.8     511.7     348.1     163.6     846.2    7,185.6      7,318.9       7,233.3
      IIIr................................   7,304.8   4,986.4    1,030.6      -74.5     835.1     909.6   1,362.3     511.2     345.5     165.7     851.1    7,287.7      7,379.3       7,213.2
      IVr.................................   7,391.9   5,035.3    1,053.6      -58.4     851.5     909.9   1,361.4     501.2     337.9     163.3     860.2    7,370.4      7,450.3       7,412.6
                                                                                                                                                                                                
1996:Ir...................................   7,495.3   5,108.2    1,075.3      -75.7     856.6     932.3   1,387.5     517.1     350.3     166.8     870.4    7,479.1      7,571.0       7,515.0
      IIr.................................   7,629.2   5,199.0    1,118.3      -94.0     863.0     957.0   1,406.0     523.1     355.6     167.4     882.9    7,600.6      7,723.2       7,643.3
      IIIr................................   7,703.4   5,242.5    1,167.9     -115.5     861.4     976.9   1,408.6     519.0     351.3     167.7     889.6    7,653.6      7,818.9       7,708.6
      IVr.................................   7,818.4   5,313.2    1,166.0      -79.6     914.2     993.8   1,418.8     514.6     346.7     167.9     904.2    7,784.6      7,898.0       7,829.0
                                                                                                                                                                                                
1997:Ir...................................   7,955.0   5,402.4    1,206.4      -93.3     930.2   1,023.5   1,439.4     517.0     341.1     175.9     922.4    7,895.2      8,048.2       7,952.4
      IIr.................................   8,063.4   5,438.8    1,259.9      -86.8     961.1   1,047.9   1,451.5     522.9     349.1     173.8     928.6    7,979.9      8,150.2       8,062.3
      IIIr................................   8,170.8   5,540.3    1,265.7      -94.7     981.7   1,076.4   1,459.5     521.0     347.1     173.9     938.5    8,116.2      8,265.5       8,162.0
      IVr.................................   8,254.5   5,593.2    1,292.0      -98.8     988.6   1,087.4   1,468.1     520.1     346.5     173.6     947.9    8,182.6      8,353.3       8,234.9
                                                                                                                                                                                                
1998:I r..................................   8,384.2   5,676.5    1,366.6     -123.7     973.3   1,097.1   1,464.9     511.6     331.6     180.0     953.3    8,288.7      8,508.0       8,369.4
      IIp.................................   8,431.7   5,771.0    1,346.6     -166.7     948.6   1,115.3   1,480.7     520.3     339.2     181.1     960.4    8,385.4      8,598.3     .........
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    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.

    Note.--Data revised beginning 
1995 (except as noted on p. 5) to 
reflect annual revisions that 
incorporate updated and more 
comprehensive source data and 
improved estimating methodologies. 
See August 1998 Survey of Current 
Business for details.
    Source: Department of Commerce, 
Bureau of Economic Analysis.