Table 1.1.7.

Percent Change From Preceding Period in Prices for Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Bureau of Economic Analysis
Last Revised on: January 30, 2025 - Next Release Date February 27, 2025

2022 2023
Line
Q1 Q2 Q3 Q4 Q1 Q2 Q3
1 Gross domestic product 8.5 9.3 4.5 3.7 3.6 1.9 3.2
2 Personal consumption expenditures 7.7 7.6 4.7 4 3.9 2.9 2.7
3 Goods 12 10.5 2.4 0.2 0.8 0.6 0.5
4 Durable goods 9 1.2 2.9 -1.4 -0.5 -0.3 -4.3
5 Nondurable goods 13.7 16 2.2 1.1 1.4 1.1 3.2
6 Services 5.6 6.1 5.9 6 5.6 4.1 3.8
7 Gross private domestic investment 9.7 9.3 7.2 3.6 3.8 -1 1.7
8 Fixed investment 9.7 9.8 7 3.8 3.5 -0.1 1.4
9 Nonresidential 6.9 8 6.5 3.4 5.5 0.2 0.5
10 Structures 17.2 17.9 17 8.1 6 -1.1 -3.8
11 Equipment 7.7 9 6.4 5.9 7 0.2 2.5
12 Intellectual property products 1.2 2.3 1.3 -1.5 3.9 1 1.1
13 Residential 18.1 15 8.7 5.5 -2.9 -1.2 4.9
14 Change in private inventories --- --- --- --- --- --- ---
15 Net exports of goods and services --- --- --- --- --- --- ---
16 Exports 18 19.9 -9.1 -5.9 -0.1 -3.6 4.1
17 Goods 23.2 26.5 -13.9 -11.2 -3 -6.4 4.4
18 Services 7.4 6.6 2.5 6.3 6.1 2 3.5
19 Imports 13.4 11.6 -4.7 -4.5 -1.6 -4.6 0.1
20 Goods 15.5 12.2 -6.8 -7 -2.6 -5.6 0.1
21 Services 4.1 8.8 5.2 7.1 2.8 0 0
22 Government consumption expenditures and gross investment 8.4 11.7 2.3 2.2 0.2 -1 4
23 Federal 6.6 7.5 5.3 4.1 4.3 3.5 3.8
24 National defense 8.7 9.5 3.9 3.8 3.6 4.4 4.5
25 Nondefense 3.8 4.9 7.2 4.6 5.2 2.4 3
26 State and local 9.6 14.3 0.6 1.1 -2.1 -3.7 4
Addenda:
27 Gross national product 8.5 9.3 4.5 3.7 3.6 1.9 3.2
Implicit price deflators:
28 Gross domestic product1 8.4 9.4 4.6 3.7 3.7 1.8 3.2
29 Gross national product1 8.4 9.4 4.6 3.7 3.7 1.8 3.2
Legend / Footnotes:
1. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.1.9.
c Product

2023 2024
Q4 Q1 Q2 Q3 Q4
1.5 3 2.5 1.9 2.2
1.7 3.4 2.5 1.5 2.3
-1.6 -0.5 0.7 -1.6 -0.5
-3.2 -0.5 -2.6 -2.4 0.3
-0.7 -0.5 2.5 -1.2 -0.9
3.2 5.3 3.4 3 3.5
2.2 0.9 2.5 3 1.5
2.3 0.9 2.6 3.2 1.5
1.7 1.3 2.3 3.1 1.4
3.4 -2 0.3 1.9 -0.5
1.1 3.8 1.7 2.5 0.3
1.2 1 4 4.4 3.5
4.5 -0.4 3.5 3.5 1.7
--- --- --- --- ---
--- --- --- --- ---
-2.1 2.5 2.7 -0.9 0.2
-3.4 0.8 2.3 -3 -1.3
0.3 5.8 3.4 3.1 2.9
0 2.6 2.1 -0.2 0.3
0.3 1.8 2.3 -0.5 0.1
-1.2 5.9 1.5 1.1 1.2
1.3 3.7 2.1 2.4 2.4
3.8 3.6 2.8 2.4 2.8
4.9 3.8 2.7 1.9 2.8
2.5 3.2 3 3.2 2.9
-0.1 3.9 1.6 2.4 2.2

1.5 3 2.5 1.9 ---

1.6 3 2.5 1.9 2.2