Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| Fourth quarter 2022 | First quarter 2023 | Second quarter 2023 | Third quarter 2023 | Fourth quarter 2023 | First quarter 2024 | Fourth quarter 2023 | First quarter 2024 | |
|---|---|---|---|---|---|---|---|---|
| quarter-to-quarter % change, annualized | quarter-to-quarter % change, annualized | quarter-to-quarter % change, annualized | quarter-to-quarter % change, annualized | quarter-to-quarter % change, annualized | quarter-to-quarter % change, annualized | millions of dollars | millions of dollars | |
| Final consumption expenditure | 0.2 | 2.5 | 0.7 | 1.4 | 1.6 | 2.9 | 1,890,369 | 1,903,747 |
| Household final consumption expenditure | 0.7 | 2.9 | 0.5 | 0.1 | 3.2 | 3.0 | 1,335,442 | 1,345,318 |
| Non-profit institutions serving households' final consumption expenditure | 1.6 | -3.5 | 2.4 | 5.1 | 4.9 | 9.0 | 36,844 | 37,644 |
| General governments final consumption expenditure | -1.3 | 2.0 | 0.9 | 4.7 | -2.5 | 2.1 | 517,447 | 520,170 |
| Gross fixed capital formation | -4.6 | -0.9 | 3.0 | -3.9 | -5.4 | 2.9 | 491,685 | 495,251 |
| Business gross fixed capital formation | -7.3 | -4.4 | 4.7 | -5.1 | -7.2 | 3.1 | 396,786 | 399,859 |
| Residential structures | -8.6 | -14.2 | -4.1 | 9.8 | -2.3 | 1.3 | 151,536 | 152,042 |
| Non-residential structures, machinery and equipment | -6.5 | 2.3 | 15.5 | -16.8 | -13.5 | 3.5 | 195,971 | 197,663 |
| Intellectual property products | -5.6 | 6.8 | -5.5 | -2.3 | 1.9 | 8.2 | 54,473 | 55,551 |
| General governments gross fixed capital formation | 10.5 | 18.3 | -4.7 | 2.0 | 3.4 | 2.1 | 93,404 | 93,889 |
| Investment in inventories (millions of dollars) | -22,614 | -12,756 | 597 | 3,631 | -1,801 | -9,562 | 39,514 | 29,952 |
| Exports of goods and services | -0.7 | 15.6 | 3.1 | -3.2 | 3.2 | 1.9 | 728,388 | 731,805 |
| Less: imports of goods and services | -12.1 | 2.3 | 5.7 | -0.2 | 0.9 | 1.5 | 795,772 | 798,668 |
| Statistical discrepancy (millions of dollars) | -509 | 9 | 455 | -350 | -854 | 1,069 | -332 | 737 |
| Gross domestic product at market prices | -0.9 | 3.4 | 0.7 | -0.3 | 0.1 | 1.7 | 2,356,074 | 2,365,811 |
| Final domestic demand | -1.0 | 1.7 | 1.2 | 0.2 | -0.0 | 2.9 | 2,375,836 | 2,392,744 |
Source(s):
Table 36-10-0104-01.
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