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Overview of the Economy: Table
The data on this page, drawn from BEA's various economic accounts, comprise
an overview of the U.S. economy in recent quarters. Please explore other
pages on our site for additional detail. Series marked with an "*"
are based on "real" estimates that are calculated using a chain-type
Fisher formula; annual chain-type measures are calculated with annual
weights and quarterly chain-type measures are calculated with quarterly
weights. Series marked with a "#" are based on current-dollar
estimates. This table is available in XLS spreadsheet
format.
|
|
2002 |
2003 |
2003 |
2004 |
|
|
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
|
Percent change at seasonally adjusted annual rate (unless otherwise
noted) |
|
Production: |
|
Gross domestic product* |
1.9 |
3.0 |
1.9 |
4.1 |
7.4 |
4.2 |
4.5 |
3.3 |
|
Purchases, by type: |
|
Gross domestic purchases* |
2.5 |
3.3 |
1.7 |
4.4 |
6.4 |
4.7 |
5.0 |
4.2 |
|
Personal consumption expenditures* |
3.1 |
3.3 |
2.7 |
3.9 |
5.0 |
3.6 |
4.1 |
1.6 |
|
Nonresidential fixed investment* |
-8.9 |
3.3 |
-0.1 |
11.8 |
15.7 |
11.0 |
4.2 |
12.5 |
|
Residential investment* |
4.8 |
8.8 |
7.5 |
9.1 |
22.4 |
9.6 |
5.0 |
16.5 |
|
Exports of goods and services* |
-2.3 |
1.9 |
-1.5 |
-1.6 |
11.3 |
17.5 |
7.3 |
7.3 |
|
Imports of goods and services* |
3.4 |
4.4 |
-2.0 |
2.5 |
2.8 |
17.1 |
10.6 |
12.6 |
|
Government consumption expenditures and gross investment* |
4.4 |
2.8 |
0.2 |
7.2 |
0.1 |
1.6 |
2.5 |
2.2 |
|
Prices of: |
|
Gross domestic purchases |
1.5 |
2.0 |
3.7 |
0.4 |
1.7 |
1.4 |
3.4 |
3.5 |
|
Personal consumption expenditures |
1.4 |
1.9 |
3.2 |
0.7 |
1.6 |
1.2 |
3.3 |
3.1 |
|
Gross domestic product |
1.7 |
1.8 |
2.7 |
1.1 |
1.4 |
1.6 |
2.8 |
3.2 |
|
Personal Income: |
|
New England# (quarterly rate) |
0.9 |
2.1 |
0.9 |
0.6 |
1.1 |
1.3 |
1.7 |
0.9 |
|
Mideast# (quarterly rate) |
1.4 |
2.7 |
0.9 |
1.2 |
1.0 |
1.3 |
1.1 |
1.5 |
|
Great Lakes# (quarterly rate) |
1.6 |
3.1 |
0.8 |
1.0 |
0.9 |
1.6 |
0.2 |
1.2 |
|
Plains# (quarterly rate) |
2.1 |
3.5 |
1.3 |
1.2 |
1.1 |
0.9 |
1.2 |
1.5 |
|
Southeast# (quarterly rate) |
2.6 |
3.7 |
1.4 |
1.0 |
1.1 |
1.5 |
1.4 |
1.5 |
|
Southwest# (quarterly rate) |
1.2 |
3.5 |
1.1 |
1.5 |
1.1 |
1.5 |
1.3 |
1.6 |
|
Rocky Mountain# (quarterly rate) |
1.3 |
2.8 |
0.8 |
1.2 |
1.5 |
0.6 |
1.6 |
1.8 |
|
Far West# (quarterly rate) |
1.6 |
3.2 |
0.6 |
1.5 |
1.4 |
1.0 |
1.4 |
1.7 |
|
Real disposable personal income in the U.S.* |
3.1 |
2.3 |
1.8 |
4.3 |
8.2 |
1.4 |
2.4 |
2.4 |
|
Personal saving rate (level, not change) |
2.0 |
1.4 |
1.0 |
1.1 |
1.9 |
1.3 |
1.0 |
1.2 |
|
Billions of dollars, seasonally adjusted annual rate (unless
otherwise noted) |
|
Federal government finances: |
|
Receipts# |
1,847.3 |
1,877.0 |
1,888.6 |
1,902.5 |
1,816.4 |
1,900.6 |
1,915.3 |
1,946.2 |
|
Current expenditures# |
2,101.8 |
2,241.6 |
2,170.2 |
2,266.9 |
2,249.4 |
2,279.8 |
2,306.3 |
2,329.1 |
|
Net Federal Government saving |
-254.5 |
-364.5 |
-281.6 |
-364.4 |
-433.0 |
-379.2 |
-391.0 |
-382.9 |
|
State and local government finances: |
|
Receipts# |
1,411.9 |
1,494.9 |
1,437.7 |
1,484.6 |
1,511.4 |
1,545.8 |
1,550.6 |
1,583.9 |
|
Current expenditures# |
1,436.9 |
1,498.1 |
1,486.6 |
1,490.2 |
1,504.9 |
1,510.5 |
1,538.8 |
1,565.7 |
|
Net state and local government saving |
-25.0 |
-3.2 |
-49.0 |
-5.7 |
6.5 |
35.3 |
11.8 |
18.3 |
|
Inventories: |
|
Change in private inventories* |
11.7 |
-0.8 |
9.6 |
-17.6 |
-3.5 |
8.6 |
40.0 |
61.1 |
|
Ratio, Inventories to final sales* |
…. |
…. |
2.55 |
2.51 |
2.45 |
2.42 |
2.42 |
2.43 |
|
Millions of dollars, seasonally adjusted |
|
Balance of payments: |
|
Goods and services# |
-421,735 |
-496,508 |
-125,386 |
-123,380 |
-122,250 |
-125,494 |
-138,602 |
-150,286 |
|
Current account# |
-473,944 |
-530,668 |
-138,206 |
-133,875 |
-131,628 |
-126,960 |
-147,164 |
-166,177 |
Note: Data on this page incorporate estimates from:
- GDP news release of September 29, 2004
- State Personal Income news release of September 28, 2004
- U.S. International Transactions news release of September 14, 2004
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