Table 3 
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2012) dollars 

Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2012) dollars
  First quarter 2021 Second quarter 2021 Third quarter 2021 Fourth quarter 2021 First quarter 2022 Second quarter 2022 First quarter 2022 Second quarter 2022
  quarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualized millions of dollarsmillions of dollars
Final consumption expenditure 2.7 0.4 14.3 2.0 2.5 6.9 1,691,296 1,719,628
Household final consumption expenditure 0.9 -0.8 20.1 1.8 2.6 9.7 1,202,834 1,230,930
Non-profit institutions serving households' final consumption expenditure -9.1 1.2 7.4 7.6 1.7 8.2 31,936 32,572
General governments final consumption expenditure 8.2 3.2 1.7 2.3 2.5 0.0 455,892 455,909
Gross fixed capital formation 17.2 -2.3 -12.4 9.4 6.6 -9.0 469,549 458,659
Business gross fixed capital formation 20.2 -0.6 -16.1 10.0 7.1 -9.2 383,999 374,875
Residential structures 43.9 -12.7 -30.3 12.4 7.3 -27.6 166,558 153,637
Non-residential structures, machinery and equipment -0.6 16.8 2.3 10.2 9.0 13.9 179,370 185,300
Intellectual property products 6.3 0.5 -7.8 -2.2 -2.3 2.3 37,728 37,940
General governments gross fixed capital formation 4.7 -9.8 8.3 6.6 4.5 -7.9 83,914 82,209
Investment in inventories (millions of dollars) -6,930 19,048 -21,547 18,175 9,434 31,472 14,693 46,165
Exports of goods and services 2.5 -17.1 6.6 13.6 -9.0 10.9 622,801 639,140
Less: imports of goods and services 5.6 2.4 -1.2 16.9 -1.4 30.5 664,308 710,042
Statistical discrepancy (millions of dollars) 1,416 -770 149 -320 1,268 -1,130 92 -1,038
Gross domestic product at market prices 4.4 -3.1 5.3 6.6 3.1 3.3 2,140,962 2,158,242
Final domestic demand 6.0 -0.3 7.3 3.7 3.5 2.9 2,159,029 2,174,412
Source(s):
Date modified: