[Economic Indicators May, 2008]
[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 2008, according to revised estimates, current-
dollar gross domestic product (GDP) rose 3.5 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 0.9 percent, and the implicit 
price deflator rose 2.6 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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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 ......................................  11,685.9   8,195.9    1,888.6     -615.4   1,182.4   1,797.8   2,216.8     825.6     550.7     274.9   1,391.2   11,627.3     12,301.3     11,762.1
2005 ......................................  12,433.9   8,707.8    2,077.2     -714.6   1,309.4   2,023.9   2,363.4     878.4     588.7     289.8   1,485.0   12,397.0     13,148.5     12,502.4
2006 ......................................  13,194.7   9,224.5    2,209.2     -762.0   1,467.6   2,229.6   2,523.0     932.5     624.3     308.2   1,590.5   13,148.0     13,956.7     13,252.7
2007 ......................................  13,841.3   9,734.2    2,125.4     -708.0   1,643.0   2,351.0   2,689.8     976.0     660.1     315.9   1,713.8   13,838.4     14,549.3     13,937.1
 
2004:III ..................................  11,779.4   8,245.1    1,929.7     -632.6   1,187.3   1,820.0   2,237.3     839.4     564.9     274.5   1,397.9   11,714.4     12,412.0     11,862.3
      IV ..................................  11,948.5   8,393.3    1,979.5     -682.6   1,228.6   1,911.2   2,258.2     835.0     555.0     280.0   1,423.2   11,885.0     12,631.1     12,001.1
 
2005:I ....................................  12,154.0   8,488.8    2,029.6     -671.1   1,260.8   1,931.9   2,306.7     864.0     577.7     286.2   1,442.7   12,084.7     12,825.1     12,224.0
      II ..................................  12,317.4   8,632.6    2,024.7     -679.8   1,301.2   1,981.0   2,339.8     870.4     585.0     285.4   1,469.5   12,305.2     12,997.2     12,385.1
      III .................................  12,558.8   8,810.5    2,078.5     -725.0   1,316.0   2,041.0   2,394.8     896.0     604.3     291.7   1,498.7   12,553.1     13,283.8     12,645.7
      IV ..................................  12,705.5   8,899.3    2,176.0     -782.4   1,359.6   2,141.9   2,412.5     883.4     587.7     295.7   1,529.0   12,645.0     13,487.8     12,755.0
 
2006:I ....................................  12,964.6   9,034.7    2,221.1     -763.3   1,406.6   2,169.9   2,472.1     921.5     610.8     310.7   1,550.6   12,920.3     13,727.9     13,027.5
      II ..................................  13,155.0   9,183.9    2,239.0     -780.4   1,447.4   2,227.8   2,512.5     926.9     620.6     306.3   1,585.7   13,095.5     13,935.4     13,218.9
      III .................................  13,266.9   9,305.7    2,224.1     -799.1   1,484.5   2,283.6   2,536.1     932.0     620.7     311.3   1,604.1   13,204.1     14,065.9     13,311.9
      IV ..................................  13,392.3   9,373.7    2,152.4     -705.3   1,531.9   2,237.2   2,571.4     949.7     645.2     304.5   1,621.7   13,372.3     14,097.6     13,452.4
 
2007:I ....................................  13,551.9   9,540.5    2,117.3     -714.2   1,549.9   2,264.0   2,608.3     946.6     634.8     311.7   1,661.7   13,553.5     14,266.1     13,615.1
      II ..................................  13,768.8   9,674.0    2,139.1     -714.2   1,598.7   2,312.9   2,670.0     969.5     654.5     315.0   1,700.5   13,763.6     14,483.0     13,839.4
      III .................................  13,970.5   9,785.7    2,162.9     -694.7   1,685.7   2,380.4   2,716.5     990.3     673.5     316.8   1,726.2   13,935.0     14,665.1     14,071.6
      IV ..................................  14,074.2   9,936.6    2,082.1     -708.9   1,737.7   2,446.6   2,764.4     997.7     677.7     320.0   1,766.7   14,101.6     14,783.1     14,222.1
 
2008:I r...................................  14,195.6  10,046.2    2,041.3     -716.6   1,786.3   2,502.9   2,824.7   1,023.4     696.8     326.6   1,801.3   14,218.8     14,912.2     14,350.8
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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.