[Economic Indicators May, 2007]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the first quarter of 2007, according to revised estimates, current-
dollar gross domestic product (GDP) rose 4.7 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 0.6 percent, and the implicit 
price deflator rose 4.0 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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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 ......................................  10,469.6   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 ......................................  10,960.8   7,703.6    1,664.1     -499.4   1,040.8   1,540.2   2,092.5     756.4     497.2     259.2   1,336.0   10,946.5     11,460.2     11,017.6
2004 ......................................  11,712.5   8,211.5    1,888.0     -613.2   1,178.1   1,791.4   2,226.2     825.9     551.2     274.7   1,400.3   11,655.1     12,325.7     11,758.7
2005 ......................................  12,455.8   8,742.4    2,057.4     -716.7   1,303.1   2,019.9   2,372.8     878.3     589.3     289.0   1,494.4   12,434.6     13,172.5     12,487.7
2006 ......................................  13,246.6   9,268.9    2,212.5     -762.5   1,466.2   2,228.7   2,527.7     926.6     621.0     305.6   1,601.1   13,197.0     14,009.1     13,276.5
 
2003:III ..................................  11,086.1   7,782.6    1,690.5     -495.2   1,040.7   1,535.9   2,108.2     764.8     501.5     263.3   1,343.3   11,074.3     11,581.3     11,139.8
      IV ..................................  11,219.5   7,855.3    1,742.3     -501.8   1,099.1   1,600.9   2,123.7     772.8     513.1     259.7   1,350.9   11,193.6     11,721.3     11,297.3
 
2004:I ....................................  11,430.9   8,018.0    1,781.9     -543.4   1,135.1   1,678.5   2,174.4     808.2     537.7     270.5   1,366.3   11,392.9     11,974.4     11,501.5
      II ..................................  11,649.3   8,148.1    1,892.2     -606.2   1,166.3   1,772.5   2,215.1     823.8     548.1     275.7   1,391.4   11,569.9     12,255.4     11,689.7
      III .................................  11,799.4   8,265.0    1,917.7     -630.7   1,185.3   1,815.9   2,247.3     838.4     564.1     274.3   1,409.0   11,744.6     12,430.1     11,845.3
      IV ..................................  11,970.3   8,414.8    1,960.2     -672.7   1,225.8   1,898.5   2,268.0     833.2     555.1     278.1   1,434.8   11,913.0     12,643.0     11,998.5
 
2005:I ....................................  12,173.2   8,519.7    2,013.5     -676.2   1,254.0   1,930.2   2,316.2     862.9     576.8     286.0   1,453.3   12,113.8     12,849.4     12,207.5
      II ..................................  12,346.1   8,674.6    2,009.1     -686.4   1,293.8   1,980.2   2,348.9     868.4     584.3     284.1   1,480.5   12,353.7     13,032.6     12,374.6
      III .................................  12,573.5   8,847.3    2,052.6     -728.8   1,312.4   2,041.2   2,402.4     895.8     605.0     290.7   1,506.6   12,588.8     13,302.3     12,625.7
      IV ..................................  12,730.5   8,927.8    2,154.5     -775.4   1,352.4   2,127.8   2,423.6     886.2     590.9     295.3   1,537.4   12,681.9     13,505.9     12,743.0
 
2006:I ....................................  13,008.4   9,079.2    2,214.8     -765.2   1,405.4   2,170.6   2,479.6     921.7     613.5     308.2   1,557.9   12,961.2     13,773.6     13,037.4
      II ..................................  13,197.3   9,228.1    2,237.1     -781.8   1,448.1   2,229.8   2,513.9     919.7     616.5     303.2   1,594.2   13,135.1     13,979.1     13,220.1
      III .................................  13,322.6   9,346.7    2,235.5     -801.7   1,488.3   2,290.1   2,542.1     927.2     618.1     309.0   1,614.9   13,258.4     14,124.3     13,339.2
      IV ..................................  13,458.2   9,421.8    2,162.6     -701.2   1,523.0   2,224.2   2,575.1     937.7     635.8     301.9   1,637.4   13,433.3     14,159.4     13,509.3
 
2007:I r...................................  13,613.0   9,601.3    2,120.2     -726.9   1,533.9   2,260.8   2,618.5     943.1     633.5     309.6   1,675.4   13,620.6     14,340.0     13,656.3
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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.