Table 3
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars
| Third quarter 2024 | Fourth quarter 2024 | First quarter 2025 | Second quarter 2025 | Third quarter 2025 | Fourth quarter 2025 | Third quarter 2025 | Fourth 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 | 4.7 | 2.5 | 1.3 | 4.6 | -1.3 | 2.1 | 2,017,422 | 2,027,847 |
| Household final consumption expenditure | 4.7 | 2.6 | 1.2 | 4.7 | -0.8 | 1.7 | 1,425,267 | 1,431,258 |
| Non-profit institutions serving households' final consumption expenditure | 1.8 | 2.1 | 0.8 | 1.2 | 2.0 | 2.0 | 39,652 | 39,844 |
| General governments final consumption expenditure | 5.1 | 2.4 | 1.4 | 4.5 | -2.7 | 3.1 | 552,016 | 556,201 |
| Gross fixed capital formation | -2.3 | 10.2 | -4.5 | 1.3 | 2.1 | 3.3 | 531,249 | 535,612 |
| Business gross fixed capital formation | -3.4 | 10.7 | -5.0 | -0.5 | -0.9 | -0.2 | 425,188 | 424,929 |
| Residential structures | 7.6 | 14.9 | -11.1 | 2.0 | 5.0 | -4.4 | 159,390 | 157,619 |
| Non-residential structures, machinery and equipment | -13.6 | 10.1 | -0.6 | -2.4 | -5.3 | 2.0 | 210,316 | 211,378 |
| Intellectual property products | 4.4 | 0.5 | -1.0 | -1.4 | -2.6 | 4.9 | 61,697 | 62,432 |
| General governments gross fixed capital formation | 2.2 | 8.0 | -1.5 | 9.2 | 16.5 | 20.4 | 103,085 | 107,972 |
| Investment in inventories (millions of dollars) | -3,392 | -23,840 | 12,144 | 24,912 | -12,284 | -23,463 | 13,364 | -10,099 |
| Exports of goods and services | -0.6 | 9.3 | 4.0 | -23.6 | 3.8 | 6.1 | 727,486 | 738,350 |
| Less: imports of goods and services | -2.3 | 0.4 | 4.0 | 0.4 | -11.0 | 1.0 | 786,122 | 788,140 |
| Statistical discrepancy (millions of dollars) | 323 | -948 | 1,679 | -1,094 | 934 | -1,338 | 621 | -717 |
| Gross domestic product at market prices | 3.3 | 2.8 | 2.1 | -0.9 | 2.4 | -0.6 | 2,505,960 | 2,502,165 |
| Final domestic demand | 3.1 | 4.2 | -0.1 | 3.8 | -0.5 | 2.4 | 2,543,489 | 2,558,391 |
Source(s):
Table 36-10-0104-01.
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