Table 4 
Real gross domestic product by expenditure account – Seasonally adjusted at annual rates 

Real gross domestic product by expenditure account – Seasonally adjusted at annual rates
Fourth quarter 2022First quarter 2023Contributions to percent change in real gross domestic product – First quarter 2023Contributions to percent change in implicit price indexes – First quarter 2023Annualized contributions to percent change in real gross domestic product – First quarter 2023
  millions of chained (2012) dollarsmillions of chained (2012) dollars percentage pointspercentage pointspercentage points
Final consumption expenditure 1,733,537 1,749,485 0.708 0.416 2.865
Household final consumption expenditure 1,231,439 1,248,630 0.756 0.368 3.059
Goods 553,056 561,353 0.364 0.048 1.473
Durable goods 159,614 164,915 0.230 0.026 0.931
Semi-durable goods 98,408 102,595 0.159 0.019 0.643
Non-durable goods 295,606 295,057 -0.025 0.003 -0.101
Services 680,451 689,374 0.392 0.320 1.586
Non-profit institutions serving households' final consumption expenditure 34,216 35,024 0.035 0.007 0.142
General governments final consumption expenditure 467,115 465,302 -0.083 0.040 -0.336
Gross fixed capital formation 451,535 450,484 -0.053 0.052 -0.215
Business gross fixed capital formation 367,854 364,318 -0.182 0.063 -0.733
Residential structures 139,982 134,577 -0.311 0.008 -1.259
Non-residential structures, machinery and equipment 189,622 190,538 0.043 0.027 0.174
Non-residential structures 119,581 122,108 0.121 0.001 0.490
Machinery and equipment 69,235 67,516 -0.078 0.027 -0.316
Intellectual property products 42,572 44,489 0.087 0.028 0.352
Non-profit institutions serving households' gross fixed capital formation 1,936 1,940 0.000 0.000 0.000
General governments gross fixed capital formation 82,005 84,691 0.128 -0.011 0.518
Investment in inventories 24,264 12,607 -0.582 0.720 -2.355
Exports of goods and services 665,426 681,562 0.816 -0.887 3.302
Goods 531,119 547,173 0.830 -0.967 3.359
Services 135,049 134,738 -0.014 0.080 -0.057
Less: imports of goods and services 699,941 701,580 0.081 0.051 0.324
Goods 566,930 565,562 -0.067 0.040 -0.271
Services 135,198 138,160 0.147 0.011 0.595
Statistical discrepancy 1,290 642 -0.030 0.000 -0.121
Gross domestic product at market prices 2,185,910 2,202,921 0.778 0.250 3.152
Final domestic demand 2,179,795 2,194,090 0.655 0.468 2.650
Source(s):
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