Table 3 
Real gross domestic product by expenditure account, annualized change – Seasonally adjusted at annual rates, chained (2017) dollars 

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, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualizedquarter-to-quarter % change, annualized millions of dollarsmillions 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):
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