Table 3. Gross Domestic Product: Level and Change from Preceding Period--Table Ends Billions of dollars Billions of chained (2012) dollars Change from preceding Seasonally adjusted at annual rates Seasonally adjusted at annual rates period Line Line 2022 2022 2021 2022 2021 2022 2022 2022 04 Q1 Q2 Q3' Q4 Q4 Q1 Q2 Q3' Q4" -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 -123.2 161.8 30.4 43 43 Net exports of goods and services 87.2 -10.8 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 2,063.9 1,878.2 1,940.9 2,134.7 2,141.2 2,039.0 1,837.7 7 1,793.5 1,760.2 1,824.9 1,901.0 1,864.7 108.8 6.1 36.3 45 45 Goods 709.5 722.5 744.1 60.3 13.0 21.5 46 16 Services 915.6 854.9 870.4 904.2 923.8 964.3 717.3 690.3 693.0 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 -74.6 -41.2 47 47 Imports 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 18 Goods 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 60 expenditures and gross 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 investment -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 1,373.2 924.9 904.4 898.7 918.3 935.3 947.4 769.3 778.8 761.7 764.5 773.3 777.5 -22.1 8.9 4.2 52 62 National defense 9.2 2.4 53 53 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 71 0.5 1.8 54 54 Gross investment 192.6 194.1 190.4 191.8 192.2 196.0 168.6 176.0 169.9 167.9 167.4 169.3 583.8 590.5 588.9 574.8 578.3 593.4 13.2 3.5 15.0 55 55 Nondefense 721.7 708.4 714.4 704.4 721.8 746.4 2.1 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 11.4 56 57 Gross investment 185.2 175.0 179.3 182.6 186.7 192.1 157.7 154.2 155.7 156.2 157.6 161.3 4.3 1.5 3.6 57 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 58 State and local 24.7 8.0 7.8 59 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 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 61 Residual -263.5 ... 61 Addenda: 137.2 ........ Gross domestic income (GDI) ' .. 24,473.3 25,017.5 25,5 17.5 25,517.8 25,967.6 ...... .. 20,108.2 20,147.2 20,107.5 20,244.6 .. 62 12 63 53 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 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 493.5 18.2 112.8 65 65 Gross domestic purchases 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 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 6 Final sales to domestic purchasers 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 57 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 8 GDP 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 ..." 69 70 Less: Income payments to the rest of 939.5 958.4 1,023.3 1,130.6 ...... 75.4 ........ 70 the world 785.5 787.4 823.4 898.8 .. 71 Equals: Gross national product wewereasks|24,530.6 24,929.2 25,456.4 25,885.4 . we.. 20,159.3 20,080.4 20,063.7 20,184.9 .. 121.3 .....5195KISS 71 72 Net domestic product 21,180.0 20,364.3 20,626.9 21,006.4 21,365.8 21,721.0 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 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 domestic income is gross domestic income deflated by the implicit price deflator 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 measure the component's relative importance of 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. Source: U.S. Bureau of Economic Analysis