[Economic Indicators February, 2005] [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 2004, according to revised estimates, current- dollar gross domestic product (GDP) rose 6.0 percent (annual rate), real GDP (GDP in chained 2000 dollars) rose 3.8 percent, and the implicit price deflator rose 2.1 percent. ____________________________________________________________________________________________________________________________________________ [Billions of current dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 ...................................... 10,128.0 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 ...................................... 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 ...................................... 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 2004 r..................................... 11,733.5 8,229.1 1,926.9 -607.0 1,174.8 1,781.8 2,184.4 810.2 548.0 262.1 1,374.2 11,689.0 12,340.4 ........ 2001:I .................................... 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 .................................. 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 ................................. 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 .................................. 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 .................................... 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 .................................. 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 ................................. 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 .................................. 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 .................................... 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 .................................. 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 ................................. 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 .................................. 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 .................................... 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 .................................. 11,657.5 8,153.8 1,920.7 -591.3 1,167.6 1,758.9 2,174.3 804.4 541.2 263.2 1,369.9 11,598.5 12,248.8 11,693.6 III ................................. 11,814.9 8,282.5 1,947.0 -611.8 1,189.5 1,801.2 2,197.2 817.4 557.0 260.4 1,379.8 11,783.3 12,426.6 11,853.0 IV r................................. 11,988.9 8,419.9 2,020.4 -677.9 1,207.8 1,885.7 2,226.5 825.6 559.8 265.8 1,400.9 11,938.0 12,666.8 ........ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ GDP less exports of goods and services plus imports of goods and services. Source: Department of Commerce, Bureau of Economic Analysis.