Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| First quarter 2024 | Second quarter 2024 | Third quarter 2024 | Fourth quarter 2024 | First quarter 2025 | Second quarter 2025 | First quarter 2025 | Second 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 | 3.9 | 2.7 | 4.7 | 4.1 | 0.3 | 4.6 | 1,982,459 | 2,004,878 |
| Household final consumption expenditure | 3.2 | 1.7 | 4.4 | 4.9 | 0.5 | 4.5 | 1,395,671 | 1,411,059 |
| Non-profit institutions serving households' final consumption expenditure | 1.5 | 1.5 | 3.2 | 2.1 | 2.4 | 1.0 | 38,696 | 38,788 |
| General governments final consumption expenditure | 5.9 | 5.6 | 5.5 | 2.4 | -0.4 | 5.1 | 547,464 | 554,367 |
| Gross fixed capital formation | 0.6 | 3.3 | -1.8 | 9.0 | -5.0 | -0.4 | 511,943 | 511,490 |
| Business gross fixed capital formation | -2.1 | 2.6 | -2.9 | 9.4 | -4.9 | -2.4 | 413,456 | 410,942 |
| Residential structures | -4.5 | -9.4 | 5.4 | 16.8 | -12.2 | 6.3 | 154,162 | 156,545 |
| Non-residential structures, machinery and equipment | -0.6 | 15.0 | -11.9 | 4.7 | 1.1 | -10.1 | 204,671 | 199,318 |
| Intellectual property products | 0.6 | 0.3 | 6.4 | 4.1 | -1.4 | -0.5 | 60,971 | 60,901 |
| General governments gross fixed capital formation | 14.2 | 6.8 | 4.0 | 7.3 | -5.6 | 8.8 | 96,107 | 98,159 |
| Investment in inventories (millions of dollars) | -7,230 | 7,448 | -5,244 | -26,035 | 13,915 | 18,985 | 7,913 | 26,898 |
| Exports of goods and services | -0.7 | -4.8 | -0.6 | 7.1 | 5.8 | -26.8 | 754,705 | 698,086 |
| Less: imports of goods and services | -1.1 | 0.0 | -1.0 | 2.5 | 3.6 | -5.1 | 804,141 | 793,594 |
| Statistical discrepancy (millions of dollars) | 941 | 861 | -306 | -188 | 822 | -733 | 1,451 | 718 |
| Gross domestic product at market prices | 2.1 | 2.5 | 2.4 | 2.1 | 2.0 | -1.6 | 2,455,138 | 2,445,368 |
| Final domestic demand | 3.2 | 2.9 | 3.2 | 5.2 | -0.9 | 3.5 | 2,488,291 | 2,509,589 |
Source(s):
Table 36-10-0104-01.
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