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 2023First quarter 2024Contributions to percent change in real gross domestic product – First quarter 2024Contributions to percent change in implicit price indexes – First quarter 2024Annualized contributions to percent change in real gross domestic product – First quarter 2024
  millions of chained (2017) dollarsmillions of chained (2017) dollars percentage pointspercentage pointspercentage points
Final consumption expenditure 1,890,369 1,903,747 0.543 0.213 2.186
Household final consumption expenditure 1,335,442 1,345,318 0.398 0.261 1.602
Goods 574,661 576,545 0.077 -0.042 0.310
Durable goods 171,139 171,289 0.006 0.003 0.024
Semi-durable goods 100,189 102,524 0.082 -0.048 0.330
Non-durable goods 303,927 303,664 -0.011 0.003 -0.044
Services 763,253 771,327 0.321 0.302 1.292
Non-profit institutions serving households' final consumption expenditure 36,844 37,644 0.032 0.004 0.129
General governments final consumption expenditure 517,447 520,170 0.113 -0.051 0.455
Gross fixed capital formation 491,685 495,251 0.162 0.013 0.656
Business gross fixed capital formation 396,786 399,859 0.142 -0.009 0.576
Residential structures 151,536 152,042 0.026 -0.011 0.105
Non-residential structures, machinery and equipment 195,971 197,663 0.073 0.017 0.298
Non-residential structures 123,209 123,791 0.026 -0.008 0.105
Machinery and equipment 72,043 73,162 0.048 0.025 0.193
Intellectual property products 54,473 55,551 0.043 -0.015 0.173
Non-profit institutions serving households' gross fixed capital formation 2,377 2,375 0.000 0.001 0.000
General governments gross fixed capital formation 93,404 93,889 0.020 0.021 0.080
Investment in inventories 39,514 29,952 -0.371 -0.163 -1.493
Exports of goods and services 728,388 731,805 0.155 -0.426 0.620
Goods 569,375 570,928 0.071 -0.412 0.286
Services 161,735 163,716 0.083 -0.014 0.334
Less: imports of goods and services 795,772 798,668 0.122 -0.019 0.491
Goods 620,781 624,892 0.173 -0.073 0.696
Services 176,331 175,118 -0.051 0.054 -0.205
Statistical discrepancy -332 737 0.045 0.000 0.181
Gross domestic product at market prices 2,356,074 2,365,811 0.413 -0.345 1.659
Final domestic demand 2,375,836 2,392,744 0.705 0.226 2.842
Source(s):
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