[Economic Indicators July, 2008]
[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 2008, according to advance estimates, current-
dollar gross domestic product (GDP) rose 3.0 percent (annual rate), real 
GDP (GDP in chained 2000 dollars) rose 1.9 percent, and the implicit 
price deflator rose 1.1 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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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 r.....................................  12,421.9   8,694.1    2,086.1     -713.6   1,311.5   2,025.1   2,355.3     875.5     588.1     287.4   1,479.8   12,378.6     13,135.5     12,514.9
2006 r.....................................  13,178.4   9,207.2    2,220.4     -757.3   1,480.8   2,238.1   2,508.1     932.2     624.1     308.0   1,575.9   13,129.0     13,935.7     13,256.6
2007 r.....................................  13,807.5   9,710.2    2,130.4     -707.8   1,662.4   2,370.2   2,674.8     979.3     662.2     317.1   1,695.5   13,811.2     14,515.3     13,910.0
 
2005:I r...................................  12,155.4   8,480.9    2,046.0     -670.7   1,266.8   1,937.5   2,299.2     861.0     576.1     284.9   1,438.2   12,072.7     12,826.1     12,258.0
      II r.................................  12,297.5   8,610.8    2,039.7     -680.9   1,305.1   1,986.0   2,328.0     867.1     584.4     282.8   1,460.9   12,278.1     12,978.4     12,389.7
      III r................................  12,538.2   8,791.1    2,084.2     -725.1   1,314.5   2,039.6   2,388.0     894.2     606.3     288.0   1,493.8   12,527.2     13,263.3     12,641.2
      IV r.................................  12,696.4   8,893.7    2,174.6     -777.7   1,359.6   2,137.4   2,405.9     879.5     585.4     294.1   1,526.4   12,636.1     13,474.1     12,770.6
 
2006:I r...................................  12,959.6   9,026.3    2,236.7     -761.7   1,423.2   2,184.9   2,458.4     922.8     613.6     309.3   1,535.5   12,906.5     13,721.4     13,039.2
      II r.................................  13,134.1   9,161.9    2,253.7     -777.2   1,462.8   2,240.0   2,495.7     928.5     623.1     305.4   1,567.2   13,068.3     13,911.3     13,219.4
      III r................................  13,249.6   9,283.7    2,231.7     -792.7   1,492.5   2,285.2   2,526.9     935.5     624.0     311.5   1,591.4   13,187.1     14,042.3     13,316.1
      IV r.................................  13,370.1   9,357.0    2,159.5     -697.7   1,544.5   2,242.2   2,551.4     941.7     635.9     305.9   1,609.7   13,354.3     14,067.9     13,452.0
 
2007:I r...................................  13,510.9   9,524.9    2,117.8     -728.8   1,560.5   2,289.4   2,597.0     950.3     636.9     313.4   1,646.8   13,526.5     14,239.7     13,583.3
      II r.................................  13,737.5   9,657.5    2,147.2     -723.1   1,614.4   2,337.5   2,655.9     974.6     656.8     317.8   1,681.3   13,738.4     14,460.6     13,797.2
      III r................................  13,950.6   9,765.6    2,164.0     -682.6   1,714.9   2,397.5   2,703.5     994.0     675.6     318.3   1,709.5   13,927.6     14,633.1     14,062.8
      IV r.................................  14,031.2   9,892.7    2,092.3     -696.7   1,759.7   2,456.5   2,742.9     998.3     679.3     319.0   1,744.6   14,052.3     14,728.0     14,196.6
 
2008:I r...................................  14,150.8  10,002.3    2,056.1     -705.7   1,820.8   2,526.5   2,798.1   1,026.5     699.9     326.6   1,771.6   14,176.4     14,856.6     14,289.0
      II p.................................  14,256.5  10,144.3    1,979.9     -737.3   1,907.5   2,644.8   2,869.6   1,056.0     722.8     333.2   1,813.6   14,351.5     14,993.7     ........
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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 31, 2008; data revised 
beginning 2005. See Survey of 
Current Business, August 2008, for 
details.

    Source: Department of Commerce, 
Bureau of Economic Analysis.