[Economic Indicators December, 2003]
[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 2003, according to revised estimates, current-
dollar gross domestic product (GDP) rose 10.0 percent (annual rate), 
real GDP (GDP in chained 2000 dollars) rose 8.2 percent, and the 
implicit price deflator rose 1.6 percent. (Series reflects benchmark 
revision.)
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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                                                Adden-
                                               Gross      con-      Gross   ---------------------------------------------------------------------------------   Final        Gross        dum:
                   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 r.....................................   6,657.4   4,477.9      953.4      -65.0     655.8     720.9   1,291.2     525.2     362.9     162.4     766.0    6,636.6      6,722.4      6,689.3
1994 r.....................................   7,072.2   4,743.3    1,097.1      -93.6     720.9     814.5   1,325.5     519.1     353.7     165.5     806.3    7,008.4      7,165.8      7,098.4
1995 r.....................................   7,397.7   4,975.8    1,144.0      -91.4     812.2     903.6   1,369.2     519.2     348.7     170.5     850.0    7,366.5      7,489.0      7,433.4
1996 r.....................................   7,816.9   5,256.8    1,240.3      -96.2     868.6     964.8   1,416.0     527.4     354.6     172.8     888.6    7,786.1      7,913.1      7,851.9
1997 r.....................................   8,304.3   5,547.4    1,389.8     -101.6     955.3   1,056.9   1,468.7     530.9     349.6     181.3     937.8    8,232.3      8,405.9      8,337.3
1998 r.....................................   8,747.0   5,879.5    1,509.1     -159.9     955.9   1,115.9   1,518.3     530.4     345.7     184.7     987.9    8,676.2      8,906.9      8,768.3
1999 r.....................................   9,268.4   6,282.5    1,625.7     -260.5     991.2   1,251.7   1,620.8     555.8     360.6     195.2   1,065.0    9,201.5      9,528.9      9,302.2
2000 r.....................................   9,817.0   6,739.4    1,735.5     -379.5   1,096.3   1,475.8   1,721.6     578.8     370.3     208.5   1,142.8    9,760.5     10,196.4      9,855.9
2001 r.....................................  10,100.8   7,045.4    1,607.2     -366.5   1,035.1   1,401.7   1,814.7     612.9     393.0     219.9   1,201.8   10,136.9     10,467.3     10,135.9
2002 r.....................................  10,480.8   7,385.3    1,589.2     -426.3   1,006.8   1,433.1   1,932.5     679.5     438.3     241.2   1,253.1   10,475.5     10,907.1     10,502.3
 
2000:I r...................................   9,629.4   6,613.9    1,672.3     -346.4   1,055.1   1,401.5   1,689.6     565.3     360.9     204.4   1,124.3    9,599.6      9,975.8      9,661.9
      II r.................................   9,822.8   6,688.1    1,781.7     -366.9   1,091.8   1,458.7   1,720.0     586.6     375.2     211.4   1,133.4    9,726.5     10,189.7      9,859.6
      III r................................   9,862.1   6,783.9    1,749.0     -400.7   1,122.4   1,523.1   1,729.9     581.2     371.3     209.9   1,148.6    9,803.7     10,262.8      9,893.6
      IV r.................................   9,953.6   6,871.6    1,738.9     -403.9   1,115.8   1,519.7   1,746.9     582.0     373.8     208.2   1,164.9    9,912.2     10,357.5     10,008.4
 
2001:I r...................................  10,024.8   6,934.3    1,688.3     -381.3   1,103.1   1,484.4   1,783.5     597.5     384.1     213.4   1,185.9   10,022.8     10,406.1     10,052.1
      II r.................................  10,088.2   7,017.4    1,620.3     -368.2   1,061.1   1,429.3   1,818.8     609.8     388.2     221.6   1,209.0   10,120.6     10,456.4     10,115.5
      III r................................  10,096.2   7,058.1    1,594.3     -364.9   1,005.4   1,370.4   1,808.8     613.3     392.8     220.5   1,195.4   10,142.2     10,461.2     10,107.8
      IV r.................................  10,193.9   7,171.6    1,526.1     -351.7     970.8   1,322.5   1,847.8     630.8     406.9     223.9   1,217.1   10,262.0     10,545.5     10,268.3
 
2002: Ir...................................  10,329.3   7,256.5    1,553.1     -365.6     978.5   1,344.1   1,885.4     652.9     420.3     232.6   1,232.5   10,357.1     10,694.9     10,351.3
      II r.................................  10,428.3   7,355.5    1,580.9     -427.3   1,006.3   1,433.6   1,919.3     673.2     432.5     240.7   1,246.1   10,427.8     10,855.6     10,435.9
      III r................................  10,542.0   7,428.2    1,608.2     -435.9   1,025.3   1,461.3   1,941.5     681.8     439.3     242.5   1,259.7   10,513.4     10,977.9     10,560.5
      IV r.................................  10,623.7   7,501.2    1,614.7     -476.1   1,017.2   1,493.3   1,983.9     710.0     461.1     248.9   1,273.9   10,603.6     11,099.9     10,661.6
 
2003:I r...................................  10,735.8   7,600.7    1,605.3     -487.6   1,021.0   1,508.5   2,017.4     723.0     463.3     259.7   1,294.5   10,736.7     11,223.4     10,763.7
      II r.................................  10,846.7   7,673.6    1,624.3     -505.5   1,020.2   1,525.7   2,054.2     764.7     507.3     257.4   1,289.6   10,852.4     11,352.2     10,880.0
      III r................................  11,107.0   7,836.3    1,689.1     -490.6   1,048.5   1,539.0   2,072.1     769.6     507.2     262.4   1,302.5   11,117.4     11,597.5     11,144.8
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    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.

    Note.--GDP and related data 
reflect the benchmark revision 
released December 10, 2003. ``Real'' 
estimates in chained dollars are now 
in 2000 dollars. For details see, 
Survey of Current Business,  
December 2003.
    Revised data for 2003: III were 
released on December 23, 2003.
    Source: Department of Commerce, 
Bureau of Economic Analysis.