[Economic Indicators July, 2001] [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 2001, according to advance estimates, current- dollar gross domestic product (GDP) rose 3.0 percent (annual rate), real GDP (GDP in chained 1996 dollars) rose 0.7 percent, and the implicit price deflator rose 2.3 percent. (Series revised.) ____________________________________________________________________________________________________________________________________________ [Billions of current dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991...................................... 5,986.2 3,971.2 800.2 -20.7 601.6 622.3 1,235.5 527.4 384.5 142.9 708.1 5,986.4 6,006.9 6,010.9 1992...................................... 6,318.9 4,209.7 866.6 -27.9 636.8 664.6 1,270.5 534.5 378.5 156.0 736.0 6,303.9 6,346.8 6,342.3 1993...................................... 6,642.3 4,454.7 955.1 -60.5 658.0 718.5 1,293.0 527.3 364.9 162.4 765.7 6,621.2 6,702.8 6,666.7 1994...................................... 7,054.3 4,716.4 1,097.1 -87.1 725.1 812.1 1,327.9 521.1 355.1 165.9 806.8 6,991.8 7,141.4 7,071.1 1995...................................... 7,400.5 4,969.0 1,143.8 -84.3 818.6 902.8 1,372.0 521.5 350.6 170.9 850.5 7,367.5 7,484.8 7,420.9 1996...................................... 7,813.2 5,237.5 1,242.7 -89.0 874.2 963.1 1,421.9 531.6 357.0 174.6 890.4 7,783.2 7,902.1 7,831.2 1997...................................... 8,318.4 5,529.3 1,390.5 -89.3 966.4 1,055.8 1,487.9 538.2 352.6 185.6 949.7 8,255.5 8,407.7 8,325.4 1998 r.................................... 8,781.5 5,856.0 1,538.7 -151.7 964.9 1,116.7 1,538.5 539.2 349.1 190.1 999.3 8,708.4 8,933.3 8,778.1 1999 r.................................... 9,268.6 6,250.2 1,636.7 -250.9 989.8 1,240.6 1,632.5 564.0 364.5 199.5 1,068.5 9,210.0 9,519.5 9,261.8 2000 r.................................... 9,872.9 6,728.4 1,767.5 -364.0 1,102.9 1,466.9 1,741.0 590.2 375.4 214.8 1,150.8 9,823.6 10,236.9 9,860.8 1998:I r.................................. 8,627.8 5,719.9 1,528.7 -122.6 974,1 1,096.7 1,501.8 526.1 338.4 187.7 975.8 8,521.1 8,750.4 8,634.5 II r................................ 8,697.3 5,820.0 1,498.4 -154.9 959.2 1,114.1 1,533.8 542.9 348.8 194.2 990.9 8,656.4 8,852.2 8,700.3 III r............................... 8,816.5 5,895.1 1,538.6 -165.3 946.7 1,112.0 1,548.1 539.5 354.7 184.8 1,008.6 8,747.0 8,981.8 8,802.1 IV r................................ 8,984.5 5,989.1 1,589.3 -164.1 979.7 1,143.8 1,570.3 548.4 354.7 193.7 1,021.9 8,909.1 9,148.6 8,975.4 1999:I r.................................. 9,093.1 6,080.7 1,621.3 -199.7 960.2 1,160.0 1,590.9 549.8 356.1 193.6 1,041.1 9,012.9 9,292.9 9,089.5 II r................................ 9,161.4 6,197.1 1,595.7 -241.1 971.3 1,212.4 1,609.6 553.1 354.2 198.9 1,056.5 9,131.3 9,402.5 9,157.0 III r............................... 9,297.4 6,298.4 1,631.7 -273.9 996.6 1,270.5 1,641.2 565.6 366.7 199.0 1,075.6 9,258.4 9,571.4 9,283.8 IV r................................ 9,522.5 6,424.7 1,698.1 -288.7 1,031.0 1,319.7 1,688.3 587.6 381.1 206.5 1,100.7 9,437.6 9,811.2 9,517.0 2000:I r.................................. 9,668.7 6,581.9 1,709.0 -333.9 1,059.7 1,393.6 1,711.8 578.5 366.6 211.9 1,133.2 9,637.8 10,002.6 9,650.7 II r................................ 9,857.6 6,674.9 1,792.4 -350.8 1,099.7 1,450.4 1,741.1 601.0 380.4 220.6 1,140.1 9,782.2 10,208.4 9,841.0 III r............................... 9,937.5 6,785.5 1,788.4 -380.6 1,131.1 1,511.8 1,744.2 587.0 372.1 214.9 1,157.2 9,884.9 10,318.1 9,919.4 IV r................................ 10,027.9 6,871.4 1,780.3 -390.6 1,121.0 1,511.6 1,766.8 594.2 382.4 211.8 1,172.6 9,989.2 10,418.5 10,032.1 2001:I r.................................. 10,141.7 6,977.6 1,722.8 -363.8 1,117.4 1,481.2 1,805.2 605.3 392.9 212.4 1,199.8 10,167.2 10,505.6 10,131.3 II p................................ 10,217.6 7,044.9 1,684.4 -349.1 1,087.2 1,436.3 1,837.4 609.8 395.8 214.0 1,227.6 10,243.5 10,566.7 ......... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ GDP less exports of goods and services plus imports of goods and services. Note.--GDP and related data beginning 1998 reflect annual revisions released on July 27, 2001. The revised data also reflect several changes in methodology. For details, see August 2001 Survey of Current Business. Source: Department of Commerce, Bureau of Economic Analysis.