[Economic Indicators May, 2003]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the first quarter of 2003, according to revised estimates, current-
dollar gross domestic product (GDP) rose 4.4 percent (annual rate), real 
GDP (GDP in chained 1996 dollars) rose 1.9 percent, and the implicit 
price deflator rose 2.5 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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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 .....................................   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......................................   9,274.3   6,246.5    1,636.7     -249.9     989.3   1,239.2   1,641.0     565.0     364.3     200.7   1,076.0    9,214.8      9,524.2       9,297.1
2000......................................   9,824.6   6,683.7    1,755.4     -365.5   1,101.1   1,466.6   1,751.0     589.2     374.9     214.3   1,161.8    9,761.1     10,190.1       9,848.0
2001......................................  10,082.2   6,987.0    1,586.0     -348.9   1,034.1   1,383.0   1,858.0     628.1     399.9     228.2   1,229.9   10,142.5     10,431.0      10,104.1
2002......................................  10,446.2   7,303.7    1,593.2     -423.6   1,014.9   1,438.5   1,972.9     693.7     447.4     246.3   1,279.2   10,442.4     10,869.9      10,436.7
 
1999:III..................................   9,316.5   6,299.4    1,637.9     -274.6     996.8   1,271.4   1,653.9     569.0     368.7     200.3   1,084.8    9,269.7      9,591.2       9,333.6
      IV..................................   9,516.4   6,414.5    1,693.2     -286.7   1,031.2   1,317.9   1,695.4     584.9     379.5     205.5   1,110.5    9,427.5      9,803.1       9,546.0
 
2000:I....................................   9,649.5   6,552.2    1,711.4     -330.6   1,055.9   1,386.5   1,716.5     575.7     365.5     210.2   1,140.8    9,602.6      9,980.1       9,670.5
      II..................................   9,820.7   6,638.7    1,786.3     -353.2   1,098.0   1,451.1   1,748.8     598.5     379.1     219.4   1,150.3    9,731.5     10,173.9       9,846.4
      III.................................   9,874.8   6,736.1    1,766.4     -384.9   1,130.9   1,515.8   1,757.2     589.7     375.0     214.7   1,167.4    9,813.6     10,259.7       9,892.5
      IV..................................   9,953.6   6,808.0    1,757.4     -393.2   1,119.8   1,513.0   1,781.4     592.9     380.0     213.0   1,188.5    9,896.6     10,346.8       9,982.8
 
2001:I....................................  10,028.1   6,904.7    1,671.1     -372.7   1,100.0   1,472.8   1,825.0     613.3     391.4     221.9   1,211.7   10,055.3     10,400.8      10,038.0
      II..................................  10,049.9   6,959.8    1,597.2     -365.7   1,059.7   1,425.3   1,858.5     624.8     395.2     229.6   1,233.7   10,107.0     10,415.5      10,081.0
      III.................................  10,097.7   6,983.7    1,574.9     -312.6   1,005.8   1,318.4   1,851.7     627.4     400.3     227.2   1,224.3   10,158.3     10,410.4      10,109.3
      IV..................................  10,152.9   7,099.9    1,500.7     -344.5     971.1   1,315.6   1,896.8     646.9     412.8     234.1   1,249.8   10,249.4     10,497.4      10,188.1
 
2002:I....................................  10,313.1   7,174.2    1,559.4     -360.1     977.5   1,337.5   1,939.5     672.0     431.7     240.3   1,267.5   10,343.0     10,673.1      10,314.9
      II .................................  10,376.9   7,254.7    1,588.0     -425.6   1,018.1   1,443.7   1,959.8     688.2     442.1     246.1   1,271.6   10,373.5     10,802.4      10,356.8
      III ................................  10,506.2   7,360.7    1,597.3     -432.9   1,038.6   1,471.5   1,981.1     697.7     451.2     246.5   1,283.3   10,488.7     10,939.1      10,495.3
      IV .................................  10,588.8   7,425.4    1,628.1     -476.0   1,025.4   1,501.4   2,011.3     716.9     464.7     252.2   1,294.4   10,564.3     11,064.8      10,579.7
 
2003:Ir...................................  10,704.2   7,513.1    1,622.3     -484.0   1,031.7   1,515.7   2,052.8     736.1     471.2     264.9   1,316.7   10,694.9     11,188.2      10,693.3
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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.