Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| Second quarter 2024 | Third quarter 2024 | Fourth quarter 2024 | First quarter 2025 | Second quarter 2025 | Third quarter 2025 | Second quarter 2025 | Third 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 | 2.3 | 4.7 | 2.5 | 0.8 | 4.3 | -0.7 | 2,020,079 | 2,016,288 |
| Household final consumption expenditure | 1.5 | 4.7 | 2.6 | 0.8 | 4.2 | -0.4 | 1,425,080 | 1,423,546 |
| Non-profit institutions serving households' final consumption expenditure | 0.6 | 1.8 | 2.1 | 1.6 | 1.2 | 2.4 | 39,532 | 39,764 |
| General governments final consumption expenditure | 4.6 | 5.1 | 2.4 | 0.5 | 4.8 | -1.7 | 554,892 | 552,455 |
| Gross fixed capital formation | 5.4 | -2.3 | 10.2 | -5.1 | 0.9 | 2.3 | 527,092 | 530,051 |
| Business gross fixed capital formation | 5.3 | -3.4 | 10.7 | -5.0 | -0.3 | 0.2 | 426,355 | 426,531 |
| Residential structures | -4.3 | 7.6 | 14.9 | -11.6 | 4.4 | 6.7 | 158,178 | 160,772 |
| Non-residential structures, machinery and equipment | 14.9 | -13.6 | 10.1 | -1.0 | -3.8 | -4.5 | 212,166 | 209,729 |
| Intellectual property products | 3.5 | 4.4 | 0.5 | 1.9 | -1.7 | -2.4 | 62,530 | 62,153 |
| General governments gross fixed capital formation | 5.3 | 2.2 | 8.0 | -4.8 | 6.2 | 12.2 | 97,687 | 100,550 |
| Investment in inventories (millions of dollars) | 6,530 | -3,392 | -23,840 | 16,686 | 22,365 | -3,951 | 27,643 | 23,692 |
| Exports of goods and services | -1.0 | -0.6 | 9.3 | 2.8 | -25.1 | 0.7 | 715,258 | 716,551 |
| Less: imports of goods and services | 2.1 | -2.3 | 0.4 | 2.9 | -0.4 | -8.6 | 805,427 | 787,456 |
| Statistical discrepancy (millions of dollars) | 568 | 323 | -948 | 1,044 | -397 | 958 | -251 | 707 |
| Gross domestic product at market prices | 3.3 | 3.3 | 2.8 | 2.2 | -1.8 | 2.6 | 2,486,045 | 2,502,070 |
| Final domestic demand | 3.0 | 3.1 | 4.2 | -0.6 | 3.5 | -0.1 | 2,541,535 | 2,541,079 |
Source(s):
Table 36-10-0104-01.
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