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

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Real gross domestic product by expenditure account – Seasonally adjusted at annual rates
Third quarter 2024Fourth quarter 2024Contributions to percent change in real gross domestic product – Fourth quarter 2024Contributions to percent change in implicit price indexes – Fourth quarter 2024Annualized contributions to percent change in real gross domestic product – Fourth quarter 2024
  millions of chained (2017) dollarsmillions of chained (2017) dollars percentage pointspercentage pointspercentage points
Final consumption expenditure 1,956,816 1,977,774 0.825 0.568 3.332
Household final consumption expenditure 1,375,466 1,394,466 0.742 0.372 2.997
Goods 593,195 601,117 0.310 0.065 1.248
Durable goods 179,908 185,982 0.234 0.048 0.945
Semi-durable goods 104,470 106,288 0.060 -0.020 0.242
Non-durable goods 309,774 310,145 0.015 0.038 0.061
Services 784,588 795,699 0.433 0.307 1.749
Non-profit institutions serving households' final consumption expenditure 38,484 38,656 0.007 0.005 0.028
General governments final consumption expenditure 542,162 544,056 0.076 0.191 0.307
Gross fixed capital formation 507,868 519,957 0.536 0.181 2.161
Business gross fixed capital formation 409,760 420,337 0.475 0.139 1.914
Residential structures 152,798 158,827 0.295 0.060 1.191
Non-residential structures, machinery and equipment 202,627 206,586 0.166 0.051 0.666
Non-residential structures 125,875 126,722 0.036 0.027 0.145
Machinery and equipment 76,137 79,330 0.129 0.024 0.521
Intellectual property products 60,662 61,007 0.014 0.028 0.057
Non-profit institutions serving households' gross fixed capital formation 3,116 3,010 -0.004 0.000 -0.016
General governments gross fixed capital formation 95,728 97,299 0.065 0.042 0.263
Investment in inventories 18,106 -1,503 -0.816 0.143 -3.296
Exports of goods and services 730,667 743,870 0.579 0.486 2.338
Goods 563,254 579,509 0.722 0.411 2.916
Services 171,411 167,937 -0.143 0.075 -0.578
Less: imports of goods and services 788,267 798,772 0.434 0.457 1.753
Goods 619,834 631,839 0.492 0.277 1.987
Services 169,577 168,193 -0.058 0.180 -0.234
Statistical discrepancy 1,464 384 -0.044 0.000 -0.178
Gross domestic product at market prices 2,428,706 2,444,414 0.647 0.922 2.604
Final domestic demand 2,458,882 2,492,496 1.361 0.749 5.493
Source(s):
Tables 36-10-0104-01 and 36-10-0106-01.
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