Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| Fourth quarter 2023 | First quarter 2024 | Second quarter 2024 | Third quarter 2024 | Fourth quarter 2024 | First quarter 2025 | Fourth quarter 2024 | First quarter 2025 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.4 | 3.9 | 2.7 | 4.7 | 4.1 | 0.8 | 1,981,053 | 1,984,961 |
| Household final consumption expenditure | 1.3 | 3.2 | 1.7 | 4.4 | 4.9 | 1.2 | 1,393,874 | 1,398,043 |
| Non-profit institutions serving households' final consumption expenditure | 2.2 | 1.5 | 1.5 | 3.2 | 2.1 | 2.3 | 38,468 | 38,692 |
| General governments final consumption expenditure | -2.0 | 5.9 | 5.6 | 5.5 | 2.4 | -0.3 | 548,051 | 547,614 |
| Gross fixed capital formation | -5.2 | 0.6 | 3.3 | -1.8 | 9.0 | -3.0 | 518,483 | 514,538 |
| Business gross fixed capital formation | -7.6 | -2.1 | 2.6 | -2.9 | 9.4 | -3.1 | 418,674 | 415,418 |
| Residential structures | -3.6 | -4.5 | -9.4 | 5.4 | 16.8 | -10.9 | 159,271 | 154,720 |
| Non-residential structures, machinery and equipment | -11.9 | -0.6 | 15.0 | -11.9 | 4.7 | 4.0 | 204,104 | 206,136 |
| Intellectual property products | -4.2 | 0.6 | 0.3 | 6.4 | 4.1 | -1.5 | 61,187 | 60,958 |
| General governments gross fixed capital formation | 6.6 | 14.2 | 6.8 | 4.0 | 7.3 | -3.2 | 97,493 | 96,713 |
| Investment in inventories (millions of dollars) | -2,183 | -7,230 | 7,448 | -5,244 | -26,035 | 8,700 | -6,002 | 2,698 |
| Exports of goods and services | 9.3 | -0.7 | -4.8 | -0.6 | 7.1 | 6.7 | 744,109 | 756,225 |
| Less: imports of goods and services | 2.0 | -1.1 | 0.0 | -1.0 | 2.5 | 4.4 | 797,086 | 805,702 |
| Statistical discrepancy (millions of dollars) | -660 | 941 | 861 | -306 | -188 | 1,185 | 629 | 1,814 |
| Gross domestic product at market prices | 0.7 | 2.1 | 2.5 | 2.4 | 2.1 | 2.2 | 2,442,817 | 2,456,239 |
| Final domestic demand | -0.9 | 3.2 | 2.9 | 3.2 | 5.2 | -0.1 | 2,494,078 | 2,493,566 |
Source(s):
Table 36-10-0104-01.
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