Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| First quarter 2023 | Second quarter 2023 | Third quarter 2023 | Fourth quarter 2023 | First quarter 2024 | Second quarter 2024 | First quarter 2024 | Second 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 | 2.5 | 0.7 | 1.4 | 1.6 | 3.6 | 2.1 | 1,907,290 | 1,917,137 |
| Household final consumption expenditure | 2.9 | 0.5 | 0.1 | 3.2 | 3.6 | 0.6 | 1,347,427 | 1,349,492 |
| Non-profit institutions serving households' final consumption expenditure | -3.5 | 2.4 | 5.1 | 4.9 | 8.6 | 0.0 | 37,616 | 37,620 |
| General governments final consumption expenditure | 2.0 | 0.9 | 4.7 | -2.5 | 3.3 | 6.0 | 521,617 | 529,257 |
| Gross fixed capital formation | -0.9 | 3.0 | -3.9 | -5.4 | 1.3 | 3.5 | 493,215 | 497,535 |
| Business gross fixed capital formation | -4.4 | 4.7 | -5.1 | -7.2 | 1.9 | 2.0 | 398,677 | 400,669 |
| Residential structures | -14.2 | -4.1 | 9.8 | -2.3 | -0.1 | -7.3 | 151,486 | 148,661 |
| Non-residential structures, machinery and equipment | 2.3 | 15.5 | -16.8 | -13.5 | 2.4 | 11.1 | 197,115 | 202,361 |
| Intellectual property products | 6.8 | -5.5 | -2.3 | 1.9 | 7.6 | 1.1 | 55,479 | 55,637 |
| General governments gross fixed capital formation | 18.3 | -4.7 | 2.0 | 3.4 | -1.7 | 11.0 | 92,998 | 95,448 |
| Investment in inventories (millions of dollars) | -12,756 | 597 | 3,631 | -1,801 | -14,121 | 276 | 25,393 | 25,669 |
| Exports of goods and services | 15.6 | 3.1 | -3.2 | 3.2 | 2.0 | -1.8 | 732,003 | 728,777 |
| Less: imports of goods and services | 2.3 | 5.7 | -0.2 | 0.9 | 0.1 | -0.5 | 795,940 | 794,880 |
| Statistical discrepancy (millions of dollars) | 9 | 455 | -350 | -854 | 1,751 | 782 | 1,419 | 2,201 |
| Gross domestic product at market prices | 3.4 | 0.7 | -0.3 | 0.1 | 1.8 | 2.1 | 2,366,367 | 2,378,917 |
| Final domestic demand | 1.7 | 1.2 | 0.2 | -0.0 | 3.1 | 2.4 | 2,393,965 | 2,408,265 |
Source(s):
Table 36-10-0104-01.
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