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
  Third quarter 2021 Fourth quarter 2021 First quarter 2022 Second quarter 2022 Third quarter 2022 Fourth quarter 2022 Third quarter 2022 Fourth 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 14.8 1.8 2.3 5.8 1.1 2.1 1,726,223 1,735,332
Household final consumption expenditure 20.7 1.3 2.1 9.3 -0.4 2.0 1,227,135 1,233,374
Non-profit institutions serving households' final consumption expenditure 8.4 8.3 0.7 6.1 2.5 0.4 33,812 33,844
General governments final consumption expenditure 2.2 2.8 2.9 -2.3 4.8 2.4 464,544 467,362
Gross fixed capital formation -13.2 9.7 5.6 -8.9 -6.7 -2.6 456,630 453,605
Business gross fixed capital formation -15.8 11.0 5.0 -10.1 -6.8 -5.3 375,019 369,928
Residential structures -31.0 11.7 7.2 -30.3 -18.9 -8.8 143,607 140,338
Non-residential structures, machinery and equipment 3.9 14.7 3.6 12.9 3.9 -5.5 192,518 189,829
Intellectual property products -9.6 -7.2 1.1 10.0 5.1 11.6 43,082 44,277
General governments gross fixed capital formation 2.0 3.8 8.6 -3.0 -6.2 11.9 79,695 81,976
Investment in inventories (millions of dollars) -16,339 19,800 11,301 38,171 -5,520 -29,782 52,072 22,290
Exports of goods and services 3.6 16.2 -7.5 6.9 10.6 0.8 660,263 661,654
Less: imports of goods and services -3.0 20.4 1.3 27.5 -1.8 -12.0 721,505 698,762
Statistical discrepancy (millions of dollars) -1,475 683 523 757 -66 -195 1,211 1,016
Gross domestic product at market prices 5.8 6.9 2.4 3.6 2.3 0.0 2,185,692 2,185,910
Final domestic demand 7.4 3.7 3.1 2.1 -0.8 1.0 2,178,368 2,183,840
Source(s):
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