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
  Fourth quarter 2021 First quarter 2022 Second quarter 2022 Third quarter 2022 Fourth quarter 2022 First quarter 2023 Fourth quarter 2022 First quarter 2023
  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 1.8 2.3 5.6 1.5 1.4 3.7 1,733,537 1,749,485
Household final consumption expenditure 1.3 2.0 9.0 0.3 1.1 5.7 1,231,439 1,248,630
Non-profit institutions serving households' final consumption expenditure 8.3 3.6 5.9 2.9 1.7 9.8 34,216 35,024
General governments final consumption expenditure 2.8 3.1 -2.5 4.7 2.3 -1.5 467,115 465,302
Gross fixed capital formation 9.7 7.0 -8.8 -8.5 -3.9 -0.9 451,535 450,484
Business gross fixed capital formation 11.0 6.8 -10.1 -9.1 -6.6 -3.8 367,854 364,318
Residential structures 11.7 6.8 -30.3 -18.4 -9.9 -14.6 139,982 134,577
Non-residential structures, machinery and equipment 14.7 4.7 13.9 1.0 -5.1 1.9 189,622 190,538
Intellectual property products -7.2 16.8 4.3 -9.6 1.2 19.3 42,572 44,489
General governments gross fixed capital formation 3.8 7.9 -2.0 -5.3 10.6 13.8 82,005 84,691
Investment in inventories (millions of dollars) 19,800 11,949 40,144 -6,893 -29,056 -11,657 24,264 12,607
Exports of goods and services 16.2 -8.2 8.1 11.3 2.2 10.1 665,426 681,562
Less: imports of goods and services 20.4 2.0 29.0 -2.3 -12.6 0.9 699,941 701,580
Statistical discrepancy (millions of dollars) 683 806 327 298 -138 -648 1,290 642
Gross domestic product at market prices 6.9 2.6 3.6 2.3 -0.1 3.1 2,185,910 2,202,921
Final domestic demand 3.7 3.4 2.0 -0.9 0.2 2.6 2,179,795 2,194,090
Source(s):
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