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



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the third quarter of 1998, according to revised estimates, current-
dollar gross domestic product (GDP) rose 4.7 percent (annual rate), real 
GDP (GDP in chained 1992 dollars) rose 3.7 percent, and the implicit 
price deflator rose 1.0 percent.
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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
1995......................................   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
1996......................................   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
1997......................................   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:I....................................   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
      II..................................   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
      III.................................   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       7,313.2
      IV..................................   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:I....................................   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
      II .................................   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
      III.................................   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
      IV..................................   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:I....................................   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
      II..................................   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
      III.................................   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
      IV..................................   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....................................   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
      II .................................   8,440.6   5,773.7    1,345.0     -159.3     949.6   1,108.9   1,481.2     520.7     339.8     180.9     960.4    8,401.3      8,599.9       8,421.8
      III r...............................   8,537.9   5,846.7    1,364.4     -165.5     936.2   1,101.7   1,492.3     519.4     343.7     175.7     972.9    8,480.9      8,703.4       8,510.9
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    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.

    Source: Department of Commerce, 
Bureau of Economic Analysis.