[Economic Indicators July, 2005]
[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 2005, according to advance estimates, current-
dollar gross domestic product (GDP) rose 5.9 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 3.4 percent, and the implicit 
price deflator rose 2.4 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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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 r.....................................  10,469.6   7,350.7    1,582.1     -424.4   1,005.9   1,430.3   1,961.1     679.7     437.1     242.5   1,281.5   10,457.7     10,894.0     10,500.2
2003 r.....................................  10,971.2   7,709.9    1,670.4     -500.9   1,045.6   1,546.5   2,091.9     754.8     496.7     258.2   1,337.1   10,955.8     11,472.1     11,039.3
2004 r.....................................  11,734.3   8,214.3    1,928.1     -624.0   1,173.8   1,797.8   2,215.9     827.6     552.7     274.9   1,388.3   11,678.9     12,358.3     11,788.0
 
2002:I r...................................  10,333.3   7,230.3    1,564.1     -373.1     976.4   1,349.5   1,912.0     654.9     418.2     236.6   1,257.2   10,341.6     10,706.4     10,359.5
      II r.................................  10,426.6   7,323.0    1,571.4     -416.1   1,008.2   1,424.3   1,948.3     675.2     431.1     244.1   1,273.1   10,424.0     10,842.7     10,443.3
      III r................................  10,527.4   7,396.6    1,592.9     -433.8   1,022.9   1,456.7   1,971.8     682.0     438.0     243.9   1,289.8   10,501.4     10,961.2     10,557.0
      IV r.................................  10,591.1   7,453.1    1,600.1     -474.6   1,016.2   1,490.8   2,012.5     706.6     461.1     245.5   1,305.9   10,563.9     11,065.7     10,641.1
 
2003:I r...................................  10,717.0   7,555.2    1,610.0     -502.6   1,018.8   1,521.4   2,054.4     724.0     467.2     256.8   1,330.4   10,695.2     11,219.6     10,761.9
      II r.................................  10,844.6   7,635.3    1,619.3     -500.6   1,016.1   1,516.6   2,090.5     763.4     507.2     256.3   1,327.1   10,845.0     11,345.2     10,911.4
      III r................................  11,087.4   7,782.4    1,694.2     -495.3   1,046.6   1,541.9   2,106.2     761.8     500.3     261.5   1,344.4   11,076.9     11,582.8     11,154.8
      IV r.................................  11,236.0   7,866.6    1,757.9     -505.0   1,101.1   1,606.1   2,116.5     770.0     512.0     258.0   1,346.5   11,206.2     11,741.1     11,329.2
 
2004:I r...................................  11,457.1   8,032.3    1,818.2     -559.6   1,130.8   1,690.3   2,166.2     808.3     538.7     269.6   1,357.9   11,411.6     12,016.7     11,540.1
      II r.................................  11,666.1   8,145.6    1,928.5     -613.1   1,163.3   1,776.4   2,205.0     824.6     547.2     277.4   1,380.4   11,594.2     12,279.1     11,712.8
      III r................................  11,818.8   8,263.2    1,961.2     -638.0   1,183.8   1,821.8   2,232.5     836.5     562.9     273.6   1,395.9   11,766.3     12,456.8     11,867.3
      IV r.................................  11,995.2   8,416.1    2,004.5     -685.4   1,217.1   1,902.5   2,260.0     840.8     562.0     278.8   1,419.1   11,943.3     12,680.6     12,032.0
 
2005:I r...................................  12,198.8   8,535.8    2,058.5     -697.5   1,253.2   1,950.6   2,302.0     860.2     575.3     285.0   1,441.7   12,138.9     12,896.3     12,238.2
      II p.................................  12,376.2   8,676.3    2,044.1     -679.8   1,302.5   1,982.3   2,335.5     867.7     580.3     287.4   1,467.8   12,386.2     13,055.9     ........
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    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.

    Note.--Data beginning 2002 
reflect annual revisions released on 
July 29, 2005. See Survey of Current 
Business, August 2005, for details.

    Source: Department of Commerce, 
Bureau of Economic Analysis.