[Economic Indicators January, 2003]
[Page Number 9]
[From the U.S. Government Publishing Office, www.gpo.gov]
REAL GROSS PRIVATE DOMESTIC INVESTMENT
In the fourth quarter of 2002, according to advance estimates,
nonresidential fixed investment in chained (1996) dollars rose $4.5
billion (annual rate) and residential investment rose $6.5 billion.
There was an increase of $3.3 billion in inventories following an
increase of $18.8 billion in the third quarter.
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[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
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Fixed investment Change in private
------------------------------------------------------------- inventories
Gross Nonresidential -----------------------
Period private ------------------------------------
domestic Total Equipment Residential
investment Total Structures and Total Nonfarm
software
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1993 .................................................. 977.9 958.4 683.6 198.9 487.1 276.0 20.0 28.6
1994 .................................................. 1,107.0 1,045.9 744.6 200.5 544.9 302.7 66.8 53.6
1995 .................................................. 1,140.6 1,109.2 817.5 210.1 607.6 291.7 30.4 42.6
1996 .................................................. 1,242.7 1,212.7 899.4 225.0 674.4 313.3 30.0 22.1
1997 .................................................. 1,393.3 1,328.6 1,009.3 245.4 764.2 319.7 63.8 60.6
1998 .................................................. 1,558.0 1,480.0 1,135.9 262.2 875.4 345.1 76.7 75.0
1999 .................................................. 1,660.5 1,595.2 1,228.4 258.6 975.9 368.3 62.8 64.1
2000 .................................................. 1,762.9 1,691.9 1,324.2 275.5 1,056.0 372.4 65.0 67.2
2001 .................................................. 1,574.6 1,627.4 1,255.1 270.9 988.2 373.5 -61.4 -63.2
2002 p................................................. 1,582.8 1,576.1 1,182.8 226.5 970.4 387.6 -.5 -.2
1999:I ................................................ 1,640.3 1,560.5 1,197.5 262.4 939.1 364.1 80.0 71.1
II .............................................. 1,620.5 1,587.6 1,220.4 258.9 967.1 368.4 31.2 30.1
III ............................................. 1,663.4 1,610.6 1,243.3 254.7 996.1 369.2 47.6 58.7
IV .............................................. 1,717.8 1,622.2 1,252.4 258.5 1,001.2 371.7 92.2 96.7
2000:I ................................................ 1,727.8 1,673.6 1,297.1 267.0 1,038.0 379.1 45.3 58.9
II .............................................. 1,798.1 1,700.9 1,329.1 272.3 1,065.3 376.2 91.5 88.6
III ............................................. 1,770.3 1,701.7 1,340.7 280.2 1,067.7 367.2 63.1 64.6
IV .............................................. 1,755.2 1,691.3 1,329.9 282.7 1,053.1 367.2 59.9 56.8
2001:I ................................................ 1,661.8 1,682.1 1,311.4 280.4 1,036.1 374.5 -26.9 -32.6
II .............................................. 1,583.5 1,633.5 1,261.0 274.4 989.9 374.0 -58.3 -54.9
III ............................................. 1,562.7 1,615.7 1,241.7 276.3 966.4 374.3 -61.8 -63.6
IV .............................................. 1,490.3 1,578.4 1,206.4 252.7 960.3 371.0 -98.4 -101.5
2002:I ................................................ 1,554.0 1,576.4 1,188.4 243.2 953.7 383.6 -28.9 -35.1
II .............................................. 1,583.9 1,572.6 1,181.1 231.7 961.4 386.1 4.9 4.2
III ............................................. 1,598.0 1,571.6 1,178.7 218.2 977.2 387.1 18.8 20.8
IVp.............................................. 1,595.3 1,583.6 1,183.2 212.9 989.3 393.6 3.3 9.4
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Note.--See p. 10 for further
detail on fixed investment by type.
Because of the formula used for
calculating real GDP, the chained
(1996) dollar estimates for the
detailed components do not add to
the chained-dollar value of GDP or
to any intermediate aggregates.
Source: Department of Commerce,
Bureau of Economic Analysis.