[Economic Indicators March, 2004]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the fourth quarter of 2003, according to revised estimates, current-
dollar gross domestic product (GDP) rose 5.7 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 4.1 percent, and the implicit 
price deflator rose 1.5 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                                                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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1994 ......................................   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 ......................................   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 ......................................   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 ......................................   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 ......................................   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 ......................................   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 ......................................   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 ......................................  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 ......................................  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
2003 r.....................................  10,987.9   7,757.4    1,670.6     -495.0   1,048.9   1,543.8   2,054.8     757.2     497.3     259.9   1,297.6   10,990.3     11,482.8     11,031.6
 
2000:I ....................................   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 ..................................   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 .................................   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 ..................................   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 ....................................  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 ..................................  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 .................................  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 ..................................  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: I....................................  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 ..................................  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 .................................  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 ..................................  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 ....................................  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 ..................................  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 .................................  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
      IV r.................................  11,262.0   7,919.1    1,763.5     -496.2   1,105.8   1,602.0   2,075.6     771.5     511.5     260.0   1,304.0   11,254.5     11,758.2     11,337.9
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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.