Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| Third quarter 2023 | Fourth quarter 2023 | First quarter 2024 | Second quarter 2024 | Third quarter 2024 | Fourth quarter 2024 | Third quarter 2024 | Fourth 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 | 2.2 | 0.4 | 4.2 | 1.8 | 4.5 | 4.4 | 1,956,816 | 1,977,774 |
| Household final consumption expenditure | 0.9 | 1.3 | 3.6 | 1.0 | 4.2 | 5.6 | 1,375,466 | 1,394,466 |
| Non-profit institutions serving households' final consumption expenditure | 0.9 | 2.2 | 3.4 | 1.6 | 3.6 | 1.8 | 38,484 | 38,656 |
| General governments final consumption expenditure | 5.6 | -2.0 | 5.5 | 3.9 | 5.4 | 1.4 | 542,162 | 544,056 |
| Gross fixed capital formation | -2.6 | -5.2 | 0.0 | 3.2 | -0.8 | 9.9 | 507,868 | 519,957 |
| Business gross fixed capital formation | -3.9 | -7.6 | -2.7 | 2.5 | -1.9 | 10.7 | 409,760 | 420,337 |
| Residential structures | 11.4 | -3.6 | -7.5 | -8.3 | 6.4 | 16.7 | 152,798 | 158,827 |
| Non-residential structures, machinery and equipment | -16.2 | -11.9 | 1.3 | 13.0 | -10.5 | 8.0 | 202,627 | 206,586 |
| Intellectual property products | 0.0 | -4.2 | -0.8 | 2.1 | 6.5 | 2.3 | 60,662 | 61,007 |
| General governments gross fixed capital formation | 3.7 | 6.6 | 13.7 | 6.7 | 4.3 | 6.7 | 95,728 | 97,299 |
| Investment in inventories (millions of dollars) | 776 | -2,183 | -10,631 | 12,252 | -8,574 | -19,609 | 18,106 | -1,503 |
| Exports of goods and services | -3.5 | 9.3 | 1.3 | -6.9 | -0.8 | 7.4 | 730,667 | 743,870 |
| Less: imports of goods and services | 1.3 | 2.0 | 0.4 | -3.1 | -1.2 | 5.4 | 788,267 | 798,772 |
| Statistical discrepancy (millions of dollars) | -108 | -660 | 1,373 | -261 | 1,031 | -1,080 | 1,464 | 384 |
| Gross domestic product at market prices | -0.6 | 0.7 | 1.8 | 2.8 | 2.2 | 2.6 | 2,428,706 | 2,444,414 |
| Final domestic demand | 1.0 | -0.9 | 3.2 | 2.1 | 3.3 | 5.6 | 2,458,882 | 2,492,496 |
Source(s):
Table 36-10-0104-01.
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