February 23, 2023 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Continues Billions of dollars Billions of chained (2012) dollars Change from preceding Seasonally adjusted all annual rates Seasonally adjusted at annual rates period Line Line 2022 2022" 2021 2022 2022 2021 2032 2022 04 02 04 04 02 03 25,464.5 24,349.1 24,740.5 25,248.5 25,723.9 26,145.0 20,015.4 20,0062 19,9241 19,895.3 20,054.7 20,187.5 405.6 159.4 132.6 Gross domestic product (GDP) 17,360.4 16,518 0 16,8748 17 261.3 17,5427 17,762.7 14,133.3 13,9815 14,0284 14,0995 14,178.6 14 226.8 379.2 79.1 18.3 2 2 Personal consumption expenditures 5,939 6 5,6737 5,843.2 5,953.6 5,938.6 5,972.9 5,5342 5,5667 5,565.7 5,529.6 5,524.5 5,516.9 -27.7 5.1 -7.6 3 3 Goods 2,184.7 2,1016 2,183.9 2 181.8 2.196.8 2,177.2 2,258.2 2,2335 2,275.1 2.259.2 2254.4 2243.9 -10.6 -4.B -10.5 Durable goods -39.4 -19.0 53 5 Motor vehicles and parts 723.0 695.0 0 737.1 724.5 713.1 717.3 5746 594.7 578.75 565.1 Fumishings and durable 499 5 516.8 525.1 532.8 527.4 519 2 522 5 518.4 517.6 521.0 519.9 -16.2 3.3 -1.1 6 household equipment 52515 -9.1 7 T Recreational goods and vehicles 645.2 623 6 641.4 640.5 655.4 643.5 867.9 890.1 893.2 913.7 904.7 54.1 20.5 343.8 334.3 14.3 10.9 8 Other durable goods 2910 2835 288.6 291.7 289.0 338.0 3,754 9 3,5721 3659.3 3,771.9 3,792.7 3,795.6 3,3187 3,371.7 3,3341 3.313.5 3,312.7 3,314.4 -17.5 1.7 9 Nondurable goods Food and beverages purchased 43.9 -7.8 I.T TO for oil-premises consumption 1,2774 1,2390 1248.5 1 260.4 1,289.9 1,310.6 1,038.1 1,0833 1,062.7 1035.3 1 027.6 1026.9 498.9 496.8 492 2 4909 485.1 489.9 496.9 496.8 5.8 70 488.6 -0.2 11 11 Clothing and footwear 191.2 4728 480.5 541.0 492.3 463.3 450 2 4384 436.D 432.9 434.1 2.3 -3.1 1.2 12 12 Gasoline and other energy goods 492 8 4306 474.5 13 Other nondurable goods 1,493 6 1,4296 1,455.8 1,481.9 1,511.7 1,525.0 1,323.6 1,314.8 1,315.7 1,322.7 1,327.3 1,326.8 24.3 1.4 13 11,420.8 10,8443 11031.6 11,307.7 11,554.1 11,789.9 8,737.7 8,5682 8,6130 8,709.6 8,788.4 6,839.9 376.6 78 7 51.5 14 14 Services 15 Household consumption 10,890.4 10,355.6 10.525.4 10,779.2 11,015.6 11,241.5 8,390.8 8,2349 8,2704 8,359.0 8,438.7 8,494.9 367.5 79.7 56.2 15 expenditures (for services) 24.5 -1.2 9.6 16 16 Housing and utilities 2,995 9 2,8294 2,896.1 2958.4 3.027.3 3,101.8 2,171.2 2,149.1 21659 2170.5 2169.3 2179.0 2,724.7 2,6509 26734 2684.8 2,742.8 2,797.6 2,2992 2,276.1 2,2735 2.276.0 2307.0 2,340.3 67.7 30.9 33.3 17 17 Health care 439.0 438.8 42.0 -0.2 0.6 18 18 Transportation services 4970 506.6 551.6 560.6 437 2 433.1 431.5 439.4 614 9 5796 590.9 610.3 622.0 636.5 482 3 4690 481.8 486.0 490. 1 47.3 4.3 4.0 19 19 Recreation services 91 3.1 124.5 928.8 81.3 Food services and accommodations 879.4 4.3 20 20 1,253.3 1,1592 1,178.0 1 2470 12774 1,310.7 9115 1,3188 1,3121 1,309.8 1,309.1 1,320.9 1,335.6 894.1 888.4 8848 838.9 900.4 902.2 19.9 11.6 1.7 21 21 Financial services and insurance 1,434.4 1,327 5 1 370.7 1,418.0 1,464.5 1, 84.2 1,217.4 1,1578 1,1832 1,209.9 1235.8 1,240.9 95.2 5.1 22 22 Other services Final consumption expenditures off nonprofit institutions serving 346.1 353.6 353.3 349.6 9.5 -0.3 -3.7 23 households 530.4 4886 506.2 528.5 538.5 5484 3507 2319 15.5 24 24 Gross output of nonprofit institutions 1,8725 1,8070 1 821.2 1839.1 1,893.4 1,936.1 1,4228 1,4137 1,4074 1,406.9 1430.8 1446.3 Less: Receipts from sales of goods and services by nonprofit 1,3421 1,3184 1,315.1 1,310.6 1,355.0 1,387.7 1,0749 1,080.4 1,064.0 1,054.6 1,080.1 1,101.1 16.3 25.5 21.0 25 institutions 142.1 33.1 26 26 Gross private domestic investment 4,6310 4,4992 4.671.0 4,609.9 4,579.1 4,653.8 3,745.1 3,8418 3,892.5 3,747.0 3,653.9 3,687.0 4,4720 4,2592 4,413.6 4,464.6 4,508.2 4,501.6 3,5676 3,5862 3,626.6 3,581.9 3,550.5 3,509.2 -7.1 -41.2 27 27 Fixed investment 28 Nonresidential 3,345.1 3,1118 3.225.0 3.292.2 3,403.4 3,459.7 2,9435 2,8602 2,9150 2915.5 2959.7 2,983.6 108.1 142 23.9 28 4556 440.4 436.4 445.4 -33.1 9.0 29 Structures 6482 6103 627.3 3 631.2 2654.8 679.6 444.4 460.7 1,322 5 1,2212 1.277.8 1.299.5 1,352.0 1,360.8 1,2742 1,2320 1,2657 1.259.1 1.291.3 1,280.7 52.4 32.1 -10.5 30 30 Equipment 31 Information processing 556.7 579.0 569.6 582.3 544.9 28.6 12.6 -37.3 31 equipment 457 9 441 3 464.2 458.5 469.1 440.1 569 0 316 9 2984 315.8 318.7 319.6 2648 263.0 270.9 266.7 258.9 262.8 13.B 3.9 32 32 Industrial equipment 33 Transportation equipment 250.7 208.8 206.5 224.0 269.4 301.0 208.2 206.3 212.1 249.1 266.2 10. 370 17.1 33 298.3 300.2 300.1 2345 241.8 241.8 236.2 232.6 1.9 3.6 34 34 Other equipment 297 0 272.7 289.3 35 1,3743 1,2804 1,319.9 1,361.4 1,396.6 1,419.4 1,255.5 1,1838 1,2196 1,245.9 1266.7 1,289.5 102.4 22.7 35 Intellectual property products 567 6 526.5 545.1 568.9 579.3 587.2 644.1 589.7 615.7 630.9 653.5 676.3 69.9 2216 22 8 36 36 Software 656.4 674.3 693.9 714.6 539.7 5343 541.7 542.6 27.8 -1.5 2.4 37 37 Research and development 696.3 Entertainment, literary, 100.6 108.7 114.6 117.7 92.1 849 86.1 9019 94.B 9615 12.0 40 1.6 38 and artistic originals 110.4 97 5 -51.0 -44.7 39 39 Residential 1,126 9 1,147 3 1,188.6 1,172.4 1,104.8 1,041.9 642 7 7103 7047 671.0 620.0 5775.3 -76.6 1590 2400 257.4 145.4 70.9 162.2 124.9 197 6 2145 110.2 38.7 136.3 144.3 -71.5 97.6 40 Change in private inventories -16.2 -14.5 6.2 41 Farm -615 -9.5 12 1 -7.2 -184 15.5 -19.5 1375 202 2 223.6 12316 $5.5 147.4 153.5 -68.1 91.9 42 Nonfarm 1679 244 9 264.1 154.9 160.4 r Revised. Revisions include changes to stories milociad by the in cimakes for the third quarter of 2022. Sc product. or prices in the economy, the chained-dollar contribution to the gana series. Form music product, ursa table 2 Gouton: U.S. Bureau of Economic Analysis - 10 .February 23, 2023 Table 3. Gross Domestic Product: Level and Change from Preceding Period-Table Ends Billions of dollar Billions of chained (2012) dollars Change from preceding Seasonally adjusted at annual rates Seasonally adjusted at annual rates period Line Line 2022 2022 2021 2021 2022 2022 2022 2022 04 Q4 Q1 Q2 Q3' Q4 Q4 Q1 Q2 03 Q4' -123.2 161.8 30.4 43 43 Net exports of goods and services -974.3 -914.7 -1,116.7 -1,035.6 -890.8 -854.1 -1,356.6 -1,297.6 -1,488.7 -1,430.5 -1,268.8 -1,238.4 44 Exports 2,979.6 2,733.0 2,811.2 3,038.8 3,065.0 3,003.2 2,537.8 2,465.7 2,436.9 2,516.9 2,604.1 2,593.4 171.1 87.2 -10.8 44 2,063.9 1,878.2 1,940.9 2,134.7 2,141.2 2,039.0 1,837.7 1,793.5 1,760.2 1,824.9 1,901.0 1,864.7 108.8 76.1 36.3 45 45 Goods Services 915.6 854.9 870.4 904.2 923.8 964.3 717.3 690.3 693.0 709.5 722.5 744.1 60.3 13.0 21.5 46 46 -74.6 -41.2 47 47 Imports 3,953.9 3,647.7 3,927.9 4,074.4 3,955.8 3,857.4 3,894.4 3,763.3 3,925.6 3,947.5 3,872.9 3,831.7 294.3 48 Goods 3,277.6 3,029.0 3,289.3 3,394.8 3,269.7 3,156.6 3,360.5 3,258.2 3,412.7 3,409.5 3,333.4 3,286.6 217.5 -76.1 46.8 48 49 Services 676.3 618.7 638.6 679.6 686.1 700.8 555.0 527.5 539.0 560.1 559.0 562.0 70.9 -1.1 3.0 49 Government consumption expenditures and gross investment 4,447.4 4,246.7 4,311.4 4,412.8 4,493.0 4,572.5 3,406.2 3,412.9 3,393.4 3,379.5 3,410.6 3,441.1 -20.1 31.1 30.5 50 -35.2 12.4 19.5 51 51 Federal 1,646.7 1,612.8 1,613.1 1,622.7 1,657.1 1,693.8 1,355.3 1,371.5 1,353.0 1,341.3 1,353.7 1,373.2 3.9 52 National defense 924.9 904.4 898.7 918.3 935.3 947.4 769.3 778.8 761.7 764.5 773.3 777.5 22.1 4.2 52 Consumption expenditures 732.4 710.3 708.4 726.5 743.1 751.4 601.4 603.9 592.8 597.3 606.5 608.9 15.2 2.4 53 53 -0.5 54 Gross investment 192.6 194.1 190.4 191.8 192.2 196.0 168.6 176.0 169 9 167.9 167.4 169.3 -7.1 1.8 54 721.7 708.4 714.4 704.4 721.8 746.4 583.8 590.5 588.9 574.8 578.3 593.4 13.2 3.5 15.0 55 55 Nondefense 56 Consumption expenditures 536.6 533.4 535.2 521.8 535.1 554.3 426.4 436.2 433.2 418.9 421.0 432.4 17.0 21 11.4 56 157.6 161.3 4.3 1.5 3.6 57 57 Gross investment 185.2 175.0 179.3 182.6 186.7 192.1 157.7 154.2 155.7 156.2 58 State and local 2,800.7 2,633.9 2,698.2 2,790.0 2,836.0 2,878.7 2,050.8 2,042.7 2,040.7 2,037.8 2,056.5 2,068.3 13.0 18.7 11.8 58 24.7 8.0 59 Consumption expenditures 2,321.7 2,180.1 2,238.5 2,325.6 2,346.0 2,376.8 1,705.8 1,692.4 1,696.4 1,701.0 1,709.0 1,716.8 7.8 59 60 Gross investment 479.0 453.8 459.7 464.5 490.0 501.9 345.0 350.2 344.3 336.8 347.5 351.4 -11.8 10.6 3.9 60 -201.1 -159.1 -149.8 -166.2 -225.0 -263.5 61 61 Residual Addenda: 24,473.3 25,017.5 25,517.8 25,967.6 . 20,108.2 20,147.2 20,107.5 20,244.6 137.2 62 62 Gross domestic income (GDI) 63 Average of GDP and GDI 24,411.2 24,879.0 25,383.1 25,845.8 20,057.2 20,035.6 20,001.4 20,149.6 148.3 63 25,305.5 24,109.1 24,483.1 25,103.1 25,653.0 25,982.8 19,843.4 19,759.2 19,669.8 19,735.9 19,954.2 20,013.7 262.1 218.3 59.5 64 64 Final sales of domestic product 26,438.8 25,263.8 25,857.2 26,284.0 26,614.8 26,999.1 21,268.3 21,221.1 21,297.3 21,208.9 21,227.1 21,339.9 493.5 18.2 112.8 65 65 Gross domestic purchases 66 Final sales to domestic purchasers 26,279.8 25,023.8 25,599.7 26,138.7 26,543.9 26,836.9 21,094.0 20,970.1 21,038.4 21,047.3 21,126.2 21,164.0 346.8 78.9 37.8 66 67 Final sales to private domestic purchasers 21,832.4 20,777.1 21,288.4 21,725.9 22,050.8 22,264.4 17,699.4 17,567.4 17,656.9 17,680.5 17,727.2 17,733.1 371.0 46.7 5.9 67 GDP 25,464.5 24,349.1 24,740.5 25,248.5 25,723.9 26,145.0 20,015.4 20,006.2 19,924.1 19,895.3 20,054.7 20,187.5 405.6 159.4 132.8 68 68 69 Plus: Income receipts from the rest of the world 1,120.9 1,147.1 1,231.3 1,292.1 . 937.1 942.3 990.6 1,027.1 .. 36.5 ... 64 70 Less: Income payments to the rest of 939.5 958.4 1,023.3 1,130.6 75.4 70 the world 6 787.4 823.4 898.8 71 Equals: Gross national product 24,530.6 24,929.2 25,456.4 25,885.4 20, 159.3 20,080.4 20,063.7 20,184.9 121.3 71 21,180.0 20,364.3 20,626.9 21,006.4 21,365.8 21,7210 16,602.7 16,659.7 16,551.0 16,495.3 16,628.5 16,735.8 299.8 133.2 107.3 72 72 Net domestic product r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2022. 1. Real gross dom he implicit price de or for gross domestic product Note. Users are cautioned that particularly for components that exhibit rapid change in prices relative to other prices in the economy, the chained-dollar estimates should not be used to m ative importance or its contribution to the growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in real gross domestic product, use table 2. ource: U.S. Bureau of Economic Analysis