[Economic Indicators July, 2004]
[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 2004, according to advance estimates, current-
dollar gross domestic product (GDP) rose 6.3 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 3.0 percent, and the implicit 
price deflator rose 3.2 percent. (Series revised.)
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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 r.....................................  10,128.0   7,055.0    1,614.3     -367.0   1,032.8   1,399.8   1,825.6     612.9     392.6     220.3   1,212.8   10,159.7     10,495.0     10,171.6
2002 r.....................................  10,487.0   7,376.1    1,579.2     -424.9   1,005.0   1,429.9   1,956.6     680.8     437.4     243.4   1,275.8   10,475.9     10,911.9     10,514.1
2003 r.....................................  11,004.0   7,760.9    1,665.8     -498.1   1,046.2   1,544.3   2,075.5     752.2     496.4     255.7   1,323.3   11,005.3     11,502.2     11,059.2
 
2001:I r...................................  10,021.5   6,955.8    1,675.3     -392.9   1,100.7   1,493.7   1,783.3     596.2     383.5     212.7   1,187.2   10,031.4     10,414.4     10,060.2
      II r.................................  10,128.9   7,017.5    1,647.7     -361.7   1,060.5   1,422.2   1,825.4     610.9     388.3     222.6   1,214.5   10,136.0     10,490.6     10,173.5
      III r................................  10,135.1   7,058.5    1,613.0     -361.9   1,003.5   1,365.3   1,825.6     614.3     393.0     221.3   1,211.2   10,166.9     10,497.0     10,151.8
      IV r.................................  10,226.3   7,188.4    1,521.4     -351.6     966.6   1,318.2   1,868.2     630.1     405.6     224.5   1,238.1   10,304.5     10,577.9     10,300.9
 
2002:I r...................................  10,338.2   7,236.9    1,568.5     -376.3     975.0   1,351.3   1,909.2     654.2     418.5     235.8   1,255.0   10,347.2     10,714.6     10,361.7
      II r.................................  10,445.7   7,339.3    1,577.0     -415.4   1,008.1   1,423.5   1,944.9     676.6     431.7     244.9   1,268.3   10,431.7     10,861.2     10,461.6
      III r................................  10,546.5   7,428.0    1,581.3     -431.1   1,023.4   1,454.5   1,968.3     684.4     438.5     245.9   1,283.9   10,527.4     10,977.6     10,571.7
      IV r.................................  10,617.5   7,500.0    1,589.9     -476.6   1,013.5   1,490.1   2,004.2     708.2     461.0     247.2   1,296.0   10,597.1     11,094.1     10,661.2
 
2003:I r...................................  10,744.6   7,609.8    1,596.6     -503.3   1,019.8   1,523.0   2,041.4     723.4     467.4     256.0   1,318.0   10,734.0     11,247.8     10,781.3
      II r.................................  10,884.0   7,696.3    1,611.1     -497.6   1,018.1   1,515.7   2,074.2     761.1     506.7     254.4   1,313.1   10,899.3     11,381.6     10,929.0
      III r................................  11,116.7   7,822.5    1,696.6     -488.8   1,047.7   1,536.4   2,086.4     756.7     498.1     258.7   1,329.7   11,120.4     11,605.5     11,168.3
      IV r.................................  11,270.9   7,914.9    1,758.8     -502.8   1,099.2   1,602.0   2,100.0     767.5     513.6     253.9   1,332.6   11,267.4     11,773.7     11,358.1
 
2004:I r...................................  11,472.6   8,060.2    1,819.7     -546.8   1,134.3   1,681.2   2,139.5     793.3     534.1     259.1   1,346.3   11,436.4     12,019.4     11,546.1
      II p.................................  11,649.3   8,146.2    1,891.2     -561.0   1,183.1   1,744.1   2,172.9     804.3     541.2     263.1   1,368.6   11,604.8     12,210.3     ........
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    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.

    Note.--GDP and related data 
reflect annual revisions released on 
July 30, 2004; data revised 
beginning 2001. For details, see 
August 2004 Survey of Current 
Business.
    Source: Department of Commerce, 
Bureau of Economic Analysis.