Home > News Release: Gross Domestic Product (GDP)
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 31, 2009
BEA 09-33


* See the navigation bar at the right side of the news release text for links to data tables,
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Lisa Mataloni: (202) 606-5304 (GDP)
Recorded message: (202) 606-5306  
Brent Moulton: (202) 606-9606 (Revision)
Carol Moylan: (202) 606-9711
                              NATIONAL INCOME AND PRODUCT ACCOUNTS
                 GROSS DOMESTIC PRODUCT:  SECOND QUARTER 2009 (ADVANCE ESTIMATE)
                     COMPREHENSIVE REVISION:  1929 THROUGH FIRST QUARTER 2009
		
      Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 1.0 percent in the second quarter of 2009,
(that is, from the first quarter to the second), according to the "advance" estimate released by the Bureau
of Economic Analysis.  In the first quarter, real GDP decreased 6.4 percent.

      The Bureau emphasized that the second-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
3).  The "second" estimate for the second quarter, based on more complete data, will be released on
August 27, 2009.
______________
BOX.--

     The estimates released today reflect the results of the comprehensive (or benchmark) revision
of the national income and product accounts (NIPAs).  More information on the revision is available
on BEA’s Web site at www.bea.gov/national/an1.htm, including links to an article in the March
2009 issue of the Survey of Current Business that discussed the changes in definitions and
presentation that have been implemented in the revision and to an article in the May Survey that
described the changes in statistical methods.  The September Survey will contain an article that
describes the results of the revision in detail.  The Web site also contains FAQs and other
information about the revision.
______________
FOOTNOTE.--Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified.  Quarter-to-quarter dollar changes are differences between these published estimates.  Percent
changes are calculated from unrounded data and are annualized.  “Real” estimates are in chained (2005)
dollars.  Price indexes are chain-type measures.

      This news release is available on BEA’s Web site along with the Technical Note and Highlights
related to this release.
______________

      The decrease in real GDP in the second quarter primarily reflected negative contributions from
nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment,
private inventory investment, and exports that were partly offset by positive contributions from federal
government spending and state and local government spending.  Imports, which are a subtraction in the
calculation of GDP, decreased.

      The much smaller decrease in real GDP in the second quarter than in the first primarily reflected
much smaller decreases in nonresidential fixed investment, in exports, and in private inventory
investment, upturns in federal government spending and in state and local government spending, and a
smaller decrease in residential fixed investment that were partly offset by a much smaller decrease in
imports and a downturn in PCE.

      Motor vehicle output added 0.20 percentage point to the second-quarter change in real GDP after
subtracting 1.69 percentage points from the first-quarter change.  Final sales of computers subtracted
0.04 percentage point from the second-quarter change in real GDP after adding 0.06 percentage point to
the first-quarter change.

      The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 0.7 percent in the second quarter, in contrast to a decrease of 1.4 percent in the first.
Excluding food and energy prices, the price index for gross domestic purchases increased 1.1 percent in
the second quarter, compared with an increase of 0.2 percent in the first.

      Real personal consumption expenditures decreased 1.2 percent in the second quarter, in contrast
to an increase of 0.6 percent in the first.  Durable goods decreased 7.1 percent, in contrast to an increase
of 3.9 percent.  Nondurable goods decreased 2.5 percent, in contrast to an increase of 1.9 percent.
Services increased 0.1 percent, in contrast to a decrease of 0.3 percent.

      Real nonresidential fixed investment decreased 8.9 percent in the second quarter, compared with
a decrease of 39.2 percent in the first.  Nonresidential structures decreased 8.9 percent, compared with a
decrease of 43.6 percent.  Equipment and software decreased 9.0 percent, compared with a decrease of
36.4 percent.  Real residential fixed investment decreased 29.3 percent, compared with a decrease of
38.2 percent.

      Real exports of goods and services decreased 7.0 percent in the second quarter, compared with a
decrease of 29.9 percent in the first.  Real imports of goods and services decreased 15.1 percent,
compared with a decrease of 36.4 percent.

      Real federal government consumption expenditures and gross investment increased 10.9 percent
in the second quarter, in contrast to a decrease of 4.3 percent in the first.  National defense increased
13.3 percent, in contrast to a decrease of 5.1 percent.  Nondefense increased 6.0 percent, in contrast to a
decrease of 2.5 percent.  Real state and local government consumption expenditures and gross
investment increased 2.4 percent, in contrast to a decrease of 1.5 percent.

      The change in real private inventories subtracted 0.83 percentage point from the second-quarter
change in real GDP after subtracting 2.36 percentage points from the first-quarter change.  Private
businesses decreased inventories $141.1 billion in the second quarter, following decreases of $113.9
billion in the first quarter and of $37.4 billion in the fourth.

      Real final sales of domestic product -- GDP less change in private inventories -- decreased 0.2
percent in the second quarter, compared with a decrease of 4.1 percent in the first.


Gross domestic purchases

      Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- decreased 2.3 percent in the second quarter, compared with a decrease of 8.6 percent in the
first.

Disposition of personal income

      Current-dollar personal income increased $8.0 billion (0.3 percent) in the second quarter, in
contrast to a decrease of $251.7 billion (8.0 percent) in the first.

      Personal current taxes decreased $113.1 billion in the second quarter, compared with a decrease
of $241.7 billion in the first.

      Disposable personal income increased $121.1 billion (4.6 percent) in the second quarter, in
contrast to a decrease of $9.9 billion (0.4 percent) in the first.  Real disposable personal income
increased 3.2 percent, compared with an increase of 1.1 percent.

      Personal outlays decreased $18.1 billion (0.7 percent) in the second quarter, compared with a
decrease of $27.6 billion (1.1 percent) in the first.  Personal saving -- disposable personal income less
personal outlays -- was $566.0 billion in the second quarter, compared with $426.9 billion in the first.
The personal saving rate -- saving as a percentage of disposable personal income -- was 5.2 percent in
the second quarter, compared with 4.0 percent in the first.  For a comparison of personal saving in
BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s flow
of funds accounts and data on changes in net worth, go to http://www.bea.gov/national/nipaweb/Nipa-
Frb.asp.


Current-dollar GDP

      Current-dollar GDP -- the market value of the nation's output of goods and services -- decreased
0.8 percent, or $28.2 billion, in the second quarter to a level of $14,149.8 billion.  In the first quarter,
current-dollar GDP decreased 4.6 percent, or $169.3 billion.

______________
BOX.--

     Information on the assumptions used for unavailable source data is provided in a technical note
that is posted with the news release on BEA's Web site.  Within a few days after the release, a detailed
"Key Source Data and Assumptions" file is posted on the Web site.  In the middle of each month, an
analysis of the current quarterly estimate of GDP and related series is made available on the Web site;
click on Survey of Current Business, "GDP and the Economy."
______________



                        COMPREHENSIVE REVISION OF THE NATIONAL INCOME AND PRODUCT
                               ACCOUNTS:  1929 THROUGH FIRST QUARTER 2009


      Today, BEA is releasing revised statistics of gross domestic product (GDP) and other national
income and product accounts (NIPAs) series from 1929 through the first quarter of 2009.
Comprehensive revisions, which are carried out about every 5 years, are an important part of BEA’s
regular process for improving and modernizing its accounts to keep pace with the ever-changing U.S.
economy.

      Most of the tables in this release present revised statistics beginning with 1998.  Statistics
beginning with 1995 for selected NIPA tables are available on the BEA Web site ().  In
addition, a limited number of revised historical statistics of total GDP and its components from 1929
forward are available on the BEA Web site.  The complete historical time period for these selected
NIPA tables will be released later in August.  An article describing the statistics will be published in the
September 2009 issue of BEA’s monthly journal, the Survey of Current Business.

      The picture of the economy shown in the revised estimates is very similar in broad outline to the
picture shown in the previously published estimates.  The similarity and some of the differences in detail
can be seen in the following:

*	For 1929-2008, the average annual growth rate of real GDP is 3.4 percent, 0.1 percentage point
        higher than in the previously published estimates.  For the more recent period, 1997-2008, the
        growth rate is 2.8 percent, also 0.1 percentage point higher than in the previously published
        estimates.

*	For 1997-2008, the average rate of change in the prices paid by U.S. residents is the same as in
        the previously published estimates (2.4 percent).

*	In the revised estimates, real GDP increased 0.4 percent for 2008; in the previously published
        estimates, real GDP had increased 1.1 percent.

*	From the fourth quarter of 2007 to the first quarter of 2009, real GDP decreased 2.8 percent at an
        average annual rate; in the previously published estimates, it had decreased 1.8 percent.


Improvements incorporated in this comprehensive revision

      Comprehensive revisions incorporate three major types of improvements:

*	Changes in definitions and classifications that update the accounts to more accurately portray the
        evolving U.S. economy,

*	Changes in presentation that make the NIPA tables more informative and easier to use, and

*	Statistical changes that introduce new and improved methodologies and that bring in newly
        available and revised source data.

      The improvements incorporated in the revised estimates have been previewed in a series of
articles in the Survey and are available on BEA’s Web site at http://www.bea.gov/national/an1.htm.

	Changes in definitions, classifications, and presentations.  The changes in definitions,
classifications, and presentations introduced in this comprehensive revision include the following:

*	A new classification system for personal consumption expenditures (PCE) is adopted that
        reflects contemporary spending patterns and presents categories that are more useful for the
        analysis of spending by households and nonprofit institutions.  The new classification system for
        PCE results in a redesign of a large number of NIPA tables.

*	The treatment of disasters is changed to better reflect the distinctions between current
        transactions, capital transactions, and events that directly affect balance sheets.  Under the new
        treatment, disaster-related damages to fixed assets are recorded as “other changes in the volume
        of assets,” and disaster-related insurance payouts are recorded as capital transfers.

*	The reference year for the chain-type quantity and price indexes and for the chained-dollar
        estimates is updated from 2000 to 2005.

*	The terminology used to describe the vintages of the current quarterly GDP estimates is changed.
        The three vintages of quarterly GDP estimates are renamed “advance” (no change); “second”
        (currently known as “preliminary”); and “third” (currently known as “final”).

      Because the composition of the components of PCE (durable goods, nondurable goods, and
services) changed as part of the new classification system for PCE, comparisons of the revised estimates
for components of PCE with the previously published estimates are not meaningful and therefore are not
shown in this release.

      Statistical changes.  Several important statistical changes that introduce new and improved
methodologies and that bring in newly available source data include the following:

*	The new estimates incorporate BEA’s 2002 benchmark input-output (I-O) accounts, which
        provide the most thorough and detailed information on the structure of the U.S. economy.  These
        accounts are used to benchmark the expenditure components of gross domestic product (GDP)
        and some of the income components.

*	The estimates of proprietors’ income and private wages and salaries are improved by updating
        adjustments for the underreporting and nonreporting of income using more recent data from the
        Internal Revenue Service (IRS) and the Census Bureau that were not available for the previous
        benchmark.

*	The estimates of wages and salaries are improved by incorporating new information on
        employee cafeteria plans.

A table that summarizes the major sources of revisions to selected components of the NIPAs is available
on BEA’s Web site at http://www.bea.gov/national/an1.htm.

	News release tables.  This release includes the tables that will be regularly shown in future GDP
news releases; in addition, special tables have been included to highlight the effects of the
comprehensive revision.  The special tables are:

*	Tables 1A, 2A, and 4A, which compare revised and previously published estimates for percent
        changes in real GDP, contributions to percent change in real GDP, and percent changes in chain-
        type price indexes for GDP and related measures, respectively;

*	Tables 7A, 7B, and 7C, which show annual levels, percent changes, and revisions to percent
        changes for current-dollar GDP, for real (chained-dollar) GDP, and for chain-type price indexes
        for GDP, respectively;

*	Table 12C, which shows revisions to corporate profits by industry.

      Most of the tables show annual estimates beginning with 1998; quarterly estimates (if shown)
begin with the first quarter of 2004.  Three of the regular tables -- tables 3, 11, and 12 -- are split into A
and B segments in this release to accommodate this longer-than-usual time span.

      Selected NIPA tables that show estimates beginning with 1995 forward are available on BEA’s
Web site.  In addition, a limited number of revised historical statistics for total GDP and its components
from 1929 forward (for tables 1.1.1 through 1.1.10; except table 1.1.6 A, B, C, and D) is also available
on BEA’s Web site.  The complete historical statistics for these selected tables will be available later in
August.

______________
BOX.--
                                        New and revised source data

           The revised estimates also reflect the incorporation of newly available and revised source
      data.  The most important source data that affect the estimates prior to 2006 are BEA’s benchmark
      2002 input-output (I-O) accounts.  The revised estimates also incorporate data on inventories, on
      receipts and expenses of business establishments and of governments, on sales by detailed
      commodity and by product line, and on final industry and product shipments from the 2002
      Economic Census, and on trade margins from both the 2002 Economic Census and the 2002 annual
      surveys of merchant wholesale and retail trade.  The new estimates also reflect data on housing
      from the 2000 decennial Census of Housing and the 2001 Residential Finance Survey.  In addition,
      estimates that are based on BEA’s international transactions accounts (ITAs) -- primarily net
      exports of goods and services and rest-of-the-world income receipts and payments -- were revised
      to reflect improvements to the ITAs that were introduced since 2003.  Estimates of nonreported
      income were updated using newly available data from the Census Bureau’s 2003-2007 “exact-match”
      studies, and estimates of underreported income were revised using data from the IRS National
      Research Program data from 2001 and from the IRS Taxpayer Compliance Measurement Program reports
      from 1988 and 1996.  Other data that were incorporated include revised data on the expenditures
      and receipts of state and local governments for fiscal years 2001-2005 from the Census Bureau,
      and final data on employer pension and profit-sharing plans for 1996-2006 from the Department of Labor.

           The revised estimates for 2006-2008 also reflect the incorporation of newly available and
      revised source data that became available after the last annual NIPA revision in July 2008.  The most
      important of these data sources are Census Bureau annual surveys of state and local governments for
      fiscal year 2006 (revised) and fiscal year 2007 (preliminary), of manufacturers for 2006 (revised),
      of merchant wholesale trade and of retail trade for 2006 (revised) and 2007 (preliminary), and of
      services and of construction spending (value put in place) for 2006 and 2007 (revised) and 2008
      (preliminary); preliminary economic census “advance summary statistics” shipments and inventories
      for 2007; federal government budget data for fiscal years 2008 and 2009; ITA data for 2006-2008 (revised);
      Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages (QCEW) for 2006-2008 (revised);
      IRS tabulations of corporate tax returns for 2006 (revised) and 2007 (preliminary) and of sole
      proprietorship and partnership tax returns for 2007; and U.S. Department of Agriculture (USDA) farm
      statistics for 2006-2008 (revised).
______________


The revisions

      For this comprehensive revision, the most notable revisions are generally limited to the period
from 1997 to the first quarter of 2009.  The revisions for earlier periods tend to be small.

      Real GDP growth.  For 1929-2008, the average annual growth rate of real GDP is 3.4 percent,
0.1 percentage point higher than in the previously published estimates.  For the more recent period,
1997-2008, the growth rate is 2.8 percent, also 0.1 percentage point higher than in the previously
published estimates.  Beginning with 1997, nonresidential fixed investment, personal consumption
expenditures, and federal government consumption expenditures and gross investment grew at a
somewhat faster rate in the revised estimates, while exports and state and local government consumption
expenditures and gross investment grew at a somewhat slower rate, and residential fixed investment fell
at a faster rate.

      For 1929-1997, the year-to-year real GDP growth rate is unrevised for 50 of 67 years.  The
largest upward revision before 1998 is 0.2 percentage point for 1993; the largest downward revision
before 1998 is 0.2 percentage point for 1987.

      For the 1997-2008 period, the revisions show a mixed pattern.  The largest upward revision is
0.4 percentage point for 2000; upward revisions of 0.3 percentage point are recorded for 1999 and 2001;
and upward revisions of 0.2 percentage point are recorded for 1998, 2002, and 2005.  For the 3 most
recent years, the growth rate is revised as follows:

*	down from 2.8 percent to 2.7 percent for 2006
*	up from 2.0 percent to 2.1 percent for 2007, and
*	down from 1.1 percent to 0.4 percent for 2008.

      Business cycles.  From the fourth quarter of 2007 to the first quarter of 2009, real GDP
decreased at an average annual rate of 2.8 percent; in the previously published estimates, it had
decreased 1.8 percent.  In the revised estimates, real GDP decreased in the first, third, and fourth
quarters of 2008, and in the first quarter of 2009.  For the expansion from the third quarter of 2001 to the
fourth quarter of 2007, real GDP increased at an average annual rate of 2.7 percent; in the previously
published estimates, it had increased 2.6 percent.

      For the contraction that lasted from the fourth quarter of 2000 to the third quarter of 2001, real
GDP increased at an average annual rate of 0.1 percent in the revised estimates; in the previously
published estimates, it had decreased by 0.2 percent.  Earlier business cycles show little revision.

      Price changes.  For 1929-2008 and for 1997-2008, the average annual increases in the price
indexes for gross domestic purchases and for GDP are unrevised.  For 1929-2008, the average annual
increase in the price index for gross domestic purchases is 3.0 percent; the average annual increase in the
price index for GDP is 3.0 percent.  For 1997-2008, the average annual increase in the price index for
gross domestic purchases is 2.4 percent; the average annual increase in the price index for GDP is 2.3
percent.

      Real disposable personal income (DPI) growth.  For 1929-2008, the average annual increase
in real DPI is 3.3 percent, 0.1 percentage point higher than in the previously published estimates.  For
1997-2008, the average annual increase in real DPI is 3.1 percent; also 0.1 percentage point higher than
in the previously published estimates.

      Personal saving.  Personal saving (DPI less personal outlays) is revised up for 1997-2008; the
upward revisions are more notable after 2001.  Both DPI and personal outlays are revised up for 1997-
2008; personal saving is revised up because the magnitudes of the upward revisions to DPI are larger
than those to personal outlays.  The personal saving rate (personal saving as a percentage of DPI) is also
revised up for 1997-2008.  The pattern of revisions to the personal saving rate generally follows the
pattern of revisions to personal saving.


Revisions to current-dollar estimates

      The revisions to current-dollar GDP, to personal income and its disposition, and to national
income are shown in table 1B.  These tables show the “revisions in level,” that is, the revised estimates
less the previously published estimates; table 1B also shows the revisions as a percent of the previously
published estimates for selected years.  The revised levels of annual GDP and its major components for
1959-2008, along with percent changes from the preceding year and revisions to the percent changes,
are shown in table 7A.

      GDP.  The revisions to current-dollar GDP are small through 1991; for 1992-1997, the revisions
are small and upward.  The revisions for 1980-1997 generally follow the pattern of revisions to personal
consumption expenditures (PCE).  For 1998-2007, the revisions are upward and grow over time.  For
2008, the revision is also upward.  The upward revisions to GDP for 1998-2008 reflect upward revisions
to PCE, to private fixed investment (for 1998 forward), to state and local government consumption
expenditures and gross investment (through 2007), and to federal government consumption expenditures
and gross investment (for 2008).

      PCE.  The new classification system does not, by itself, affect the overall level of current-dollar
PCE (see table on the next page).  The revisions to total current-dollar PCE reflect only statistical
changes (the incorporation of new source data and methodologies).  The new classification system,
however, does shift the composition of PCE, resulting in a substantial upward revision to PCE for
services, mainly reflecting the reclassification of “purchased meals and beverages” (restaurant meals)
from nondurable goods to services.  The new classification system also results in an upward revision to
durable goods, reflecting the reclassification of luggage (from nondurable goods) and eye examinations
(from services to durable goods).  These reclassifications are exactly offsetting, and, as a result, the new
classification system for PCE does not by itself revise the level of total current-dollar PCE.

      As noted above, comparisons of the revised estimates for components of PCE (durable goods,
nondurable goods, and services) with the previously published estimates are not shown in the news
release tables because the composition of these components changed as part of the new classification
system.

______________
TABLE:--

                                       Revision Analysis for PCE, 2005
                                        (Billions of current dollars)


                              Total Revision                              124.9

                              Due to classificational change

                              PCE by type of product                        0.0
                                  Goods                                  -451.4
                                     Durable goods                         41.3
                                     Nondurable goods                    -492.8
                                  Services                                451.4

                              Due to statistical change

                              PCE by type of product                      124.9
                                  Goods                                    -9.5
                                     Durable goods                         43.4
                                     Nondurable goods                     -52.9
                                  Services                                134.4

______________


      Statistical changes result in notable revisions to total PCE for 1997-2008.  PCE for housing and
utilities services is revised up, reflecting new data on owner-occupied nonfarm housing from the 2001
Residential Finance Survey and the 2000 Census of Housing.  The incorporation of the 2002 benchmark
I-O accounts causes upward revisions to financial services, to air transportation services, and to services
from nonprofit higher education and religious organizations, and in downward revisions to health care
services and to food services and accommodations.  The incorporation of the 2002 I-O accounts also
results in upward revisions to several categories of PCE durable goods and in downward revisions to
several categories of PCE nondurable goods.  Statistical changes affecting the revisions for 2006-2008
also reflect Census Bureau data on retail trade for 2006 (revised) and 2007 (preliminary), and on
services for 2006 and 2007 (revised) and 2008 (preliminary).

      Private fixed investment.  Upward revisions to private fixed investment begin with 1998 and
grow larger over time.  The upward revisions mainly reflect upward revisions to equipment and
software.  The upward revisions to nonresidential structures for 1999 forward also start small and tend to
grow larger.  Private fixed investment in residential structures is revised up for 1998-2006 and revised
down for 2007 and 2008.

      Nonresidential structures.  The upward revisions for 1999-2008 primarily reflect the
incorporation of data from the 2002 I-O accounts, revisions to Census Bureau estimates of construction
spending (value put in place), and upward revisions to petroleum structures for 2003-2008 that result
from the use of revised footage drilled and expenditure data from both the Census Bureau and a trade
source.

      Equipment and software.  The upward revisions to equipment and software are mainly accounted
for by software, transportation equipment, and other equipment.  The upward revisions to software
reflect the incorporation of data from the 2002 I-O accounts, and, in later years, new and revised data
from the Census Bureau service annual survey.  The upward revisions to transportation equipment
reflect the incorporation of revised data from the Census Bureau and BEA’s 2002 I-O accounts, as well
as revised unit motor vehicle data and motor vehicle price data from trade sources.  The upward
revisions to other equipment reflect the use of BEA’s 2002 I-O accounts and updated data on shipments
from the Census Bureau.

      Residential fixed investment.  The revisions to residential fixed investment beginning with 1998
mainly reflect the revised estimates of improvements, based on the incorporation of data from the 2002
I-O accounts and from the Census Bureau estimates of construction spending (value put in place).

      Change in private inventories.  The revisions begin with 1997 and show a mixed pattern
dominated by revisions to nonfarm inventories.  The revisions are downward for 1997-2001 and upward
for 2002 forward.  The revisions to nonfarm inventories reflect data from a variety of sources, including
newly available and revised Census Bureau data on inventory book values; newly available and revised
IRS data for construction, mining, and utilities for 2006 and 2007; revised Census Bureau Quarterly
Financial Report data for mining industries for 2008; revised Census Bureau construction spending
(value put in place) data for 2008; preliminary Census Bureau Economic Census tabulations of data for
manufacturing industries for 2007; the incorporation of new commodity price weights from the 2002 I-O
accounts; revised BEA unit labor cost indexes; revised motor vehicle inventory data from trade sources;
and revised producer prices.

      Exports and imports of goods and services.  Revisions to net exports of goods and services
begin with 1986 and are small through 1997; the revisions are downward for 1998-2008 and become
large beginning with 2005.  The revisions to net exports are dominated by revisions to exports for all
years except 2003.  The estimates largely reflect the incorporation of revised data from BEA’s
international transactions accounts.

      Exports.  Revisions to exports begin with 1986 and are downward, except for a small upward
revision for 2003.  Through 2001, the revisions to exports are accounted for by services; after 2005, the
revisions to exports are mainly accounted for by goods.  Revisions to services are downward except for
2007.  Revisions to goods are upward for 2002 and 2003 and downward for 2004-2008.

      Imports.  The revisions to imports are generally small; the revisions are downward for 1986-
2002 and for 2007, and upward for 2003-2006 and for 2008.  Through 2001, the revisions to imports are
dominated by services; for 2003-2006 and for 2008, the revisions are dominated by goods.  Revisions to
services begin with 1986 and are small and downward.  Small upward revisions to goods begin with
1997.

      Government consumption expenditures and gross investment.  The revisions are small prior
to 1998.  The upward revisions from 1989 forward are primarily accounted for by state and local
government consumption expenditures.  Beginning with 1986, estimates of state and local government
wages and salaries are revised up, reflecting the incorporation of new information on employee cafeteria
plans.  Beginning with 2003 and growing larger after 2005, partly offsetting downward revisions to state
and local government intermediate purchases reflect the incorporation of the 2002 benchmark I-O
accounts and new government finances data from the Census Bureau.  Downward revisions to state and
local government gross investment mainly reflect the incorporation of 2002 I-O accounts and of Census
Bureau revised and new data on government finances and of construction spending put in place.  The
revisions to federal government consumption expenditures and gross investment are small until 2008;
the revisions reflect improved source data and methods, including revised federal budget data for 2007
and 2008.

      Personal income.  For 1998-2008, the upward revisions mainly reflect upward revisions to
rental income of persons and to nonfarm proprietors’ income.  For 2001 and 2003, the upward revisions
also reflect upward revisions to employer contributions for employee pension and insurance funds.  For
2001-2007, the upward revisions reflect upward revisions to wages and salaries.  For 2007 and 2008, the
upward revisions reflect upward revisions to personal interest income.  The upward revisions to personal
income are moderated by downward revisions to personal interest income for 1997-2005 and to personal
dividend income for 2005, 2007, and 2008.  For the 5 most recent years, the upward revisions to
personal income can be summarized as follows:

*	2004:  The revision is mainly accounted for by upward revisions to nonfarm proprietors’ income,
        to rental income of persons, and to wage and salary disbursements; it is moderated by a
        downward revision to personal interest income.

*	2005:  The revision is mainly accounted for by upward revisions to rental income of persons, to
        nonfarm proprietors’ income, and to wage and salary disbursements; it is moderated by
        downward revisions to personal interest income and to personal dividend income.

*	2006:  The revision is mainly accounted for by upward revisions to nonfarm proprietors’ income,
        to rental income of persons, and to wage and salary disbursements.

*	2007:  The revision is mainly accounted for by upward revisions to rental income of persons, to
        personal interest income, to wage and salary disbursements, and to nonfarm proprietors’ income;
        it is moderated by a downward revision to personal dividend income.

*	2008:  The revision is mainly accounted for by upward revisions to rental income of persons, to
        personal interest income, and to nonfarm and farm proprietors’ income; it is moderated by a
        downward revision to personal dividend income.

The revisions to the components of personal income are discussed below.

      Wage and salary disbursements.  The revisions to wage and salary disbursements are small
and downward for 1998-2000; they are upward and larger for 2001-2007, and for 2008, the revision is
small and downward.  The revisions reflect downward revisions to the adjustment for the underreporting
and nonreporting of income, resulting from the incorporation of new data from the Internal Revenue
Service (IRS) and the Census Bureau.  The revisions also reflect the incorporation of new information
on employee cafeteria plans that increase wages and salaries.  The estimate of income from tips is also
revised up, based on information from the IRS.  The downward revision for 2008 also reflects the
incorporation of revised and newly available tabulations of wage and salary data from the BLS quarterly
census of employment and wages.

      Supplements to wages and salaries.  The revisions to supplements are upward for 1998-2006,
and are downward for 2007 and 2008.  Estimates of employer contributions for health insurance are
revised up for 1998-2006 and revised down for 2007, reflecting the incorporation of data from the
Medical Expenditure Panel Survey (MEPS).  Employer contributions for private pension and profit-
sharing plans are revised for 1998 forward (including the two notable upward revisions in 2001 and
2003), reflecting the incorporation of pension program data from the Department of Labor.  Employer
contributions for private workers’ compensation are revised up for 1997-2007, reflecting the
incorporation of data from a trade source.

      Proprietors’ income.  The revisions to proprietors’ income are upward for 1998-2008 and
dominated by revisions to nonfarm proprietors’ income (except for 2008); the revisions to farm
proprietors’ income are smaller.  The revisions to nonfarm proprietors’ income mainly reflect the
updated adjustments for the underreporting and nonreporting of income using data from the Internal
Revenue Service (IRS) and the Census Bureau that were not available for the previous comprehensive
revision.  The new treatment of disasters results in revisions to nonfarm proprietors’ income for years
with catastrophic events (such as 2001, 2004, 2005, and 2008).  The revised estimates for nonfarm
proprietors’ income also incorporate new IRS tabulations of tax return data for sole proprietorships and
partnerships for 2007.  The revisions to farm proprietors’ income reflect a number of statistical
improvements, including the incorporation of revised U.S. Department of Agriculture (USDA) data for
2000-2007 and new data for 2008.

      Rental income of persons.  The notable upward revisions to the estimates of rental income of
persons for 1998-2008 mainly reflect upward revisions to the estimates of space rent, based on the
incorporation of data from the 2001 Residential Finance Survey and the 2000 Census of Housing.  The
new treatment of disasters also results in revisions for years with catastrophic events (including the
upward revision for 2005).

      Personal interest income.  The revisions to personal interest income are downward for 1998-
2005 and upward for 2006-2008.  The revisions reflect a number of statistical improvements and the
incorporation of revised and newly available source data for estimating net interest and miscellaneous
payments (see below) and the incorporation of new and revised data on consumer debt outstanding from
the Federal Reserve Board.

      Personal dividend income.  The revisions to personal dividend income are small through 2003
and larger for 2004-2008.  The revisions reflect newly incorporated data from the ITAs on dividends
from the rest of the world, IRS tabulations of corporate tax returns for 2006 (revised) and 2007
(preliminary), and data from company financial statements.

      Personal current transfer receipts.  The revisions to personal current transfer receipts are
generally small; the revisions are downward for 1998-2005 and are upward for 2006-2008.  Current
transfer receipts from business are revised down for several years, reflecting the new treatment of
disasters and statistical improvements.  Government social benefits to persons are revised up for 2006-
2008, reflecting upward revisions to health insurance benefits.

      Contributions for government social insurance.  The revisions to contributions for
government social insurance (which is deducted in the calculation of personal income) are small for
1997-2008.

      Personal current taxes.  The revisions to personal current taxes are small for 1998-2007.  The
larger downward revision for 2008 results from the incorporation of new tax collections data from the
Treasury Department and the Social Security Administration.

      Disposable personal income.  The pattern of revisions to disposable personal income, which is
equal to personal income less personal current taxes, is similar to that for personal income.  The
magnitudes differ, especially for 2008, because of the large downward revision to personal current taxes.

      Personal outlays.  This series consists of PCE, personal interest payments, and personal current
transfer payments.  The revisions to personal outlays primarily reflect the revisions to PCE that were
previously described.

      National income.  The revisions to national income are upward for 1997-2008.  They mainly
reflect upward revisions to rental income of persons, to nonfarm proprietors’ income, to wage and salary
disbursements, and to employer contributions for employee pension and insurance funds that were
previously described.  The revisions to national income also reflect upward revisions to net interest for
2006-2008.  The upward revisions to national income are moderated by downward revisions to net
interest for 1997-2005, and downward revisions to corporate profits for 2006-2008.

      Corporate profits with inventory valuation and capital consumption adjustments.
Revisions to corporate profits show a mixed pattern:  the revisions are upward for 1998-2001, downward
for 2002 and 2003, upward again for 2004 and 2005, and downward for 2006-2008.  An improved
treatment of expenses for nondeductible meals and entertainment contributes to upward revisions, while
improved estimates of capital gains and indirect commissions of securities contributes to offsetting
downward revisions.  In addition, the new treatment of disasters contributes to upward revisions for
some years with catastrophic events (such as 1992, 1994, 2001, 2004, 2005, and 2008).  The revisions to
corporate profits for more recent years also reflect revised IRS tabulations of corporate tax return data
for 2006, new IRS tabulations for 2007, and revised regulatory agency and public financial reports for
2008.

      Net interest and miscellaneous payments.  The revisions to net interest and miscellaneous
payments are downward for 1998-2005, and are upward for 2006-2008.  The revisions reflect the
incorporation of a variety of statistical improvements and newly available source data from the Federal
Reserve Board on mortgage debt outstanding as well as data from BEA’s international transactions
accounts, from revised 2006 and newly available 2007 IRS tabulations of business tax returns, and from
the Census Bureau tabulations of mortgage interest payments as reported in the Residential Finance
Survey.

      Consumption of fixed capital (CFC).  The revisions to the NIPA measure of depreciation are
generally small and show a mixed pattern, with some larger revisions after 2000.  The new treatment of
disasters contributes to downward revisions for several years with catastrophic events (such as 2001,
2004, and 2005).  The revisions also reflect revised investment estimates and other statistical
improvements.

      Statistical discrepancy.  The statistical discrepancy, which is the difference between GDP and
Gross Domestic Income (GDI), is revised down for 1997-2006, revised up for 2007, and revised down
for 2008.  (In theory, GDP should equal GDI; in practice, they differ because their components are
estimated using largely independent and less-than-perfect source data.)  For 1997-2006 and for 2008,
GDP and GDI are both revised up, but the magnitudes of the revisions to GDI are larger, so the
statistical discrepancy is revised down.  For 2007, GDP and GDI are also revised up, but the magnitude
of the revision to GDP is larger, so the statistical discrepancy is revised up.

______________
BOX.--

                     Availability of Revised Estimates and Related Information

Revised estimates for selected NIPA tables are available on BEA’s Web site at www.bea.gov.

The comprehensive revision was previewed in a series of articles in the Survey of Current Business;
the articles are also available on BEA’s Web site at http://www.bea.gov/national/an1.htm.

The release schedule for revised NIPA tables is available at
http://www.bea.gov/national/tables_releaseschedule.htm.

______________



      BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov.  By visiting
the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.


                                           *          *          *


                              Next release -- August 27, 2009, at 8:30 A.M. EDT for:
                         Gross Domestic Product:  Second Quarter 2009 (Second Estimate)
                         Corporate Profits:  Second Quarter 2009 (Preliminary Estimate)


                                            *          *          *


                                         Comparisons of Revisions to GDP

     Quarterly estimates of GDP are released on the following schedule:  the “advance” estimate, based on
source data that are incomplete or subject to further revision by the source agency, is released near the end of the
first month after the end of the quarter; as more detailed and more comprehensive data become available,
the “second” and “third” estimates are released near the end of the second and third months, respectively.  The
“latest” estimate reflects the results of both annual and comprehensive revisions.

     Annual revisions, which cover the quarters of the 3 most recent calendar years, are usually carried out
each summer and incorporate newly available major annual source data.  Comprehensive (or benchmark)
revisions are carried out at about 5-year intervals and incorporate major periodic source data, as well as
improvements in concepts and methods that update the accounts to portray more accurately the evolving U.S.
economy.

The table below shows comparisons of the revisions between quarterly percent changes of current-dollar
and of real GDP for the different vintages of the estimates.  From the advance estimate to the second estimate (one
month later), the average revision to real GDP without regard to sign is 0.5 percentage point, while from the
advance estimate to the third estimate (two months later), it is 0.6 percentage point.  From the advance estimate to
the latest estimate, the average revision without regard to sign is 1.2 percentage points.  The average revision
(with regard to sign) from the advance estimate to the latest estimate is 0.3 percentage point, which is larger than
the average revisions from the advance estimate to the second or to the third estimates.  The larger average
revisions to the latest estimate reflect the fact that comprehensive revisions include major improvements, such as
the incorporation of BEA’s latest benchmark input-output accounts.  The quarterly estimates correctly indicate the
direction of change of real GDP 98 percent of the time, correctly indicate whether GDP is accelerating or
decelerating 74 percent of the time, and correctly indicate whether real GDP growth is above, near, or below trend
growth more than three-fifths of the time.

                           Revisions Between Quarterly Percent Changes of GDP: Vintage Comparisons
                                                     [Annual rates]

       Vintages                                   Average         Average without     Standard deviation of
       compared                                                    regard to sign      revisions without
                                                                                         regard to sign

____________________________________________________Current-dollar GDP_______________________________________________

Advance to second....................               0.2                 0.5                  0.4
Advance to third.....................                .2                  .7                   .4
Second to third......................                .0                  .3                   .2

Advance to latest....................                .4                 1.1                   .9

________________________________________________________Real GDP_____________________________________________________

Advance to second....................               0.1                 0.5                  0.4
Advance to third.....................                .1                  .6                   .4
Second to third......................                .0                  .3                   .2

Advance to latest....................                .3                 1.2                  1.0
NOTE.--These comparisons are based on the period from 1983 through 2005.



                        Table 1. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Continues
                                                      [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------------
                                       1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
-----------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4    2.8    2.9    3.0    3.5    4.1    1.7

Personal consumption expenditures...    5.2    5.5    5.1    2.7    2.7    2.8    3.5    3.4    2.9    2.6    -.2    3.9    2.2    3.5    4.7    3.0    3.9
  Goods.............................    6.8    8.0    5.3    3.1    4.1    4.6    4.4    4.0    3.3    3.1   -2.1    4.1    1.7    4.8    5.1    3.9    5.7
    Durable goods...................   12.2   13.0    8.8    5.4    7.6    6.0    6.6    5.2    4.1    4.3   -4.5    4.5    2.8    8.1    6.7    2.7   11.7
    Nondurable goods................    3.8    5.1    3.2    1.8    2.0    3.7    3.2    3.4    2.8    2.5    -.8    3.8    1.1    3.0    4.2    4.7    2.5
  Services..........................    4.4    4.1    5.0    2.5    1.9    1.9    2.9    3.0    2.7    2.4     .7    3.8    2.4    2.8    4.5    2.5    2.9

Gross private domestic investment...   10.0    8.8    6.8   -7.0   -1.4    3.6   10.0    5.5    2.7   -3.8   -7.3    2.1   18.5    5.3    8.5    8.8   -7.0
  Fixed investment..................   10.9    9.3    7.4   -1.9   -4.2    3.2    7.3    6.5    2.3   -2.1   -5.1    -.8   12.9    8.8    7.0    5.0    7.3
    Nonresidential..................   12.0   10.4    9.8   -2.8   -7.9     .9    6.0    6.7    7.9    6.2    1.6   -3.1   11.2   11.4    9.1    3.7    6.0
      Structures....................    5.1     .1    7.8   -1.5  -17.7   -3.8    1.1    1.4    9.2   14.9   10.3   -2.3    4.7    4.1     .4    7.4   -1.5
      Equipment and software........   14.5   14.1   10.5   -3.2   -4.2    2.5    7.7    8.5    7.4    2.6   -2.6   -3.4   13.5   14.0   12.2    2.4    8.7
    Residential.....................    7.7    6.3    1.0     .6    5.2    8.2    9.8    6.2   -7.3  -18.5  -22.9    3.6   15.9    4.1    3.2    7.5    9.6
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................    2.3    4.4    8.6   -5.6   -2.0    1.6    9.5    6.7    9.0    8.7    5.4    9.8    6.4    3.0    9.4    7.6    8.8
    Goods...........................    2.2    3.8   11.1   -6.2   -3.6    1.8    8.5    7.5    9.4    7.4    5.9    6.6    6.8    5.1    6.4    8.4   13.8
    Services........................    2.4    5.7    2.7   -4.1    1.9    1.2   11.9    5.0    7.9   11.8    4.2   17.3    5.4   -1.7   16.5    5.9   -1.7
  Imports...........................   11.7   11.5   13.0   -2.8    3.4    4.4   11.0    6.1    6.1    2.0   -3.2   10.6   17.0    5.9   10.5    2.3    4.5
    Goods...........................   11.8   12.5   13.4   -3.2    3.7    4.9   11.0    6.8    5.9    1.7   -3.9    9.9   18.6    6.7   10.8    3.5    4.8
    Services........................   10.9    6.8   11.0    -.8    1.8    1.9   11.2    2.8    7.1    3.5     .7   14.2    9.4    2.4    9.4   -3.7    2.6

Government consumption expenditures
 and gross investment...............    2.1    3.6    2.0    3.8    4.7    2.2    1.4     .3    1.4    1.7    3.1    1.9    1.5    1.5   -2.4     .4     .4
  Federal...........................   -1.1    1.9     .5    4.1    7.3    6.6    4.1    1.3    2.1    1.3    7.7    5.2    2.3    7.1   -4.8    1.7     .4
    National defense................   -2.1    1.9    -.5    3.8    7.4    8.7    5.7    1.5    1.6    2.2    7.8    6.1    2.1   12.1   -9.6    3.6    3.1
    Nondefense......................     .8    2.1    2.4    4.6    7.2    2.8    1.0     .9    3.2    -.6    7.3    3.5    2.6   -2.3    5.6   -2.1   -5.0
  State and local...................    3.9    4.5    2.8    3.7    3.3    -.1    -.2    -.2     .9    2.0     .5     .1    1.0   -1.7   -1.0    -.4     .5

Addenda:
  Final sales of domestic product...    4.4    4.9    4.2    2.0    1.3    2.4    3.2    3.2    2.6    2.5     .8    2.4    2.0    3.5    3.2    3.4    4.2
  Gross domestic purchases..........    5.5    5.7    4.8    1.2    2.4    2.8    4.0    3.2    2.6    1.4    -.7    3.2    4.4    3.4    4.0    3.5    1.5
  Final sales to domestic
   purchasers.......................    5.6    5.8    4.9    2.1    1.9    2.8    3.6    3.3    2.5    1.7    -.4    2.8    3.6    3.9    3.7    2.9    3.8
  Gross national product (GNP)......    4.3    4.9    4.2    1.2    1.8    2.6    3.7    3.1    2.4    2.4     .6    3.5    2.0    3.3    2.6    5.2    1.3
  Disposable personal income........    6.0    3.0    5.1    2.4    3.3    2.5    3.4    1.3    4.0    2.2     .5    1.8    4.0    2.7    5.7   -4.8    2.8

  Current-dollar measures:
    GDP.............................    5.5    6.4    6.4    3.4    3.5    4.7    6.5    6.5    6.0    5.1    2.6    6.5    6.4    6.0    6.7    8.0    4.5
    Final sales of domestic product.    5.7    6.4    6.5    4.3    3.0    4.7    6.1    6.7    6.0    5.4    3.0    5.9    5.5    6.6    6.3    7.3    7.1
    Gross domestic purchases........    6.2    7.4    7.5    3.1    3.9    5.2    7.2    7.0    6.0    4.4    2.4    7.5    8.2    6.7    8.0    7.2    4.7
    Final sales to domestic
     purchasers.....................    6.3    7.5    7.6    4.1    3.4    5.2    6.8    7.2    6.0    4.7    2.8    7.0    7.4    7.2    7.7    6.6    7.1
    GNP.............................    5.4    6.5    6.5    3.5    3.4    4.9    6.7    6.5    5.8    5.4    2.7    7.1    5.5    6.3    5.7    9.1    4.1
    Disposable personal income......    7.0    4.7    7.7    4.4    4.7    4.6    6.1    4.4    6.9    4.9    3.9    5.2    7.1    5.3    9.2   -2.5    5.4
-----------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                    Table 1. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Table Ends
                                                   [Quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                     III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09  II 09
----------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    3.1    2.1    5.4    1.4     .1    3.0    1.2    3.2    3.6    2.1    -.7    1.5   -2.7   -5.4   -6.4   -1.0

Personal consumption expenditures...    2.9    1.0    4.5    2.2    2.5    4.1    3.7    1.1    1.9    1.2    -.6     .1   -3.5   -3.1     .6   -1.2
  Goods.............................    3.1   -1.1    7.5     .7    3.3    5.9    3.9     .2    3.1    3.0   -5.1    -.5   -7.7  -10.0    2.5   -4.0
    Durable goods...................    4.8   -9.7   17.0   -1.0    4.5    5.6    5.5    2.1    5.2    5.5   -8.9   -5.7  -11.7  -20.3    3.9   -7.1
    Nondurable goods................    2.1    3.9    2.6    1.6    2.6    6.1    3.1    -.8    2.1    1.8   -3.0    2.2   -5.6   -4.9    1.9   -2.5
  Services..........................    2.8    2.2    2.9    3.0    2.1    3.1    3.6    1.6    1.3     .3    1.8     .4   -1.3     .5    -.3     .1

Gross private domestic investment...    4.5   15.1    6.0    -.6   -5.5  -10.9   -6.0    5.7     .8   -7.7   -7.4  -10.4   -6.9  -24.2  -50.5  -20.4
  Fixed investment..................    5.2    1.5    9.5   -1.9   -5.0   -5.3   -2.6    3.6    -.4   -4.2   -6.3   -2.7   -8.3  -20.2  -39.0  -13.5
    Nonresidential..................    5.8    2.2   18.0    7.3    4.4    2.3    4.2   11.4    9.6    6.7    1.9    1.4   -6.1  -19.5  -39.2   -8.9
      Structures....................   -8.1    2.5   18.9   22.4   10.3    1.5   15.6   22.7   26.6   11.2    6.8   14.5    -.1   -7.2  -43.6   -8.9
      Equipment and software........   11.2    2.3   17.8    2.1    2.2    2.8    -.5    6.5    2.2    4.5    -.5   -5.0   -9.4  -25.9  -36.4   -9.0
    Residential.....................    4.2     .1   -4.2  -16.9  -21.2  -19.7  -16.2  -12.9  -22.4  -29.5  -28.2  -15.8  -15.9  -23.2  -38.2  -29.3
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................     .1   10.5   16.5    6.9     .6   17.8    3.5    5.2   18.5   14.5    -.1   12.1   -3.6  -19.5  -29.9   -7.0
    Goods...........................   -1.1   11.8   17.8    7.4     .2   13.1    3.0    6.3   14.8   12.4    4.2   14.1   -1.8  -25.5  -36.9   -9.3
    Services........................    2.9    7.4   13.6    5.6    1.5   29.1    4.7    2.8   27.2   19.2   -9.0    7.8   -7.7   -4.3  -13.6   -2.3
  Imports...........................    2.5   11.7    7.8    4.5    4.9    -.5    4.3    -.5    3.7   -3.6   -2.5   -5.0   -2.2  -16.7  -36.4  -15.1
    Goods...........................    2.7   12.1    6.3    5.0    5.5   -2.3    5.0   -1.0    2.8   -3.8   -3.5   -4.6   -3.7  -19.6  -41.0  -15.9
    Services........................    1.2    9.5   16.1    1.8    1.3   10.0     .4    2.1    8.6   -2.9    3.0   -7.1    6.1    -.9  -11.5  -11.5

Government consumption expenditures
 and gross investment...............    3.7   -1.8    4.1     .3     .6    1.1     .0    4.4    3.9    1.6    2.6    3.6    4.8    1.2   -2.6    5.6
  Federal...........................    9.7   -6.5   11.9   -3.4    -.4    1.1   -5.1    7.4    9.3    2.7    8.1    7.8   13.2    6.5   -4.3   10.9
    National defense................   11.1  -14.3   10.5    1.1   -1.9    8.5   -7.6    8.6   10.0     .5    8.2    7.0   19.8    3.8   -5.1   13.3
    Nondefense......................    6.8   11.7   14.7  -11.6    2.9  -12.7     .3    5.0    7.9    7.6    8.1    9.6     .1   12.7   -2.5    6.0
  State and local...................     .3    1.1    -.3    2.6    1.2    1.1    3.1    2.7     .9    1.0    -.5    1.2     .1   -2.0   -1.5    2.4

Addenda:
  Final sales of domestic product...    3.2    -.1    5.9    1.2     .2    4.1    1.8    2.9    3.4    2.8    -.5    2.7   -2.9   -4.7   -4.1    -.2
  Gross domestic purchases..........    3.3    2.7    4.7    1.4     .8    1.0    1.4    2.4    2.1    -.2   -1.1    -.9   -2.5   -5.5   -8.6   -2.3
  Final sales to domestic
   purchasers.......................    3.4     .6    5.2    1.2     .9    2.0    2.0    2.1    1.9     .4    -.9     .3   -2.7   -4.9   -6.4   -1.5
  Gross national product (GNP)......    3.4    1.1    5.4    1.3    -.3    3.2     .9    3.6    5.4    3.4   -1.1     .2   -1.8   -6.7   -6.6  .....
  Disposable personal income........    2.4    2.2    7.7    3.6    1.9    5.3    1.7     .5    1.7     .1   -2.4    9.8   -8.5    3.4    1.1    3.2

  Current-dollar measures:
    GDP.............................    7.4    5.6    8.6    5.1    3.2    4.8    5.5    6.0    5.3    4.5    1.0    3.5    1.4   -5.4   -4.6    -.8
    Final sales of domestic product.    7.6    3.3    9.2    4.9    3.3    6.0    6.1    5.7    5.1    5.2    1.5    4.7    1.0   -5.2   -2.4     .0
    Gross domestic purchases........    8.4    7.0    7.6    5.0    3.7    1.9    5.7    5.5    4.3    4.4    2.1    3.2    1.8   -9.2   -9.8   -1.6
    Final sales to domestic
     purchasers.....................    8.6    4.8    8.2    4.8    3.8    3.0    6.3    5.2    4.1    5.0    2.6    4.3    1.5   -9.0   -7.7    -.8
    GNP.............................    7.7    4.6    8.6    4.9    2.8    5.1    5.3    6.3    7.1    5.8     .6    2.3    2.2   -6.7   -4.8  .....
    Disposable personal income......    7.1    5.8    9.5    6.7    4.9    5.3    5.5    3.7    4.1    5.2    1.2   14.1   -4.2   -1.8    -.4    4.6
----------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                           Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Continues
                                                          [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Average annual rate
                                      -------------------
                                      1929-  1959-  1997-
                                       2008   1997   2008   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04
------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    3.4    3.4    2.8    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4    2.8    2.9    3.0    3.5
         Previously published.......    3.3    3.4    2.7    4.2    4.5    3.7     .8    1.6    2.5    3.6    2.9    2.8    2.0    1.1    3.0    3.5    3.6    2.5

Personal consumption expenditures...    3.3    3.5    3.3    5.2    5.5    5.1    2.7    2.7    2.8    3.5    3.4    2.9    2.6    -.2    3.9    2.2    3.5    4.7
  Previously published..............    3.2    3.5    3.2    5.0    5.1    4.7    2.5    2.7    2.8    3.6    3.0    3.0    2.8     .2    4.4    2.4    3.5    4.2

Gross private domestic investment...    3.8    4.4    2.4   10.0    8.8    6.8   -7.0   -1.4    3.6   10.0    5.5    2.7   -3.8   -7.3    2.1   18.5    5.3    8.5
  Previously published..............    3.8    4.4    1.8    9.8    7.8    5.7   -7.9   -2.6    3.6    9.7    5.8    2.1   -5.4   -6.7    2.1   20.7    8.0    6.4
  Fixed investment..................    3.5    4.3    2.9   10.9    9.3    7.4   -1.9   -4.2    3.2    7.3    6.5    2.3   -2.1   -5.1    -.8   12.9    8.8    7.0
    Previously published............    3.4    4.3    2.4   10.2    8.3    6.5   -3.0   -5.2    3.4    7.3    6.8    1.9   -3.1   -5.0    -.2   12.9    9.3    7.3
    Nonresidential..................    4.0    5.3    4.5   12.0   10.4    9.8   -2.8   -7.9     .9    6.0    6.7    7.9    6.2    1.6   -3.1   11.2   11.4    9.1
      Previously published..........    3.9    5.3    3.8   11.1    9.2    8.7   -4.2   -9.2    1.0    5.8    7.2    7.5    4.9    1.6   -2.6   10.7   12.3   10.3
      Structures....................    1.8    2.4    2.1    5.1     .1    7.8   -1.5  -17.7   -3.8    1.1    1.4    9.2   14.9   10.3   -2.3    4.7    4.1     .4
        Previously published........    1.8    2.4    1.7    5.1    -.4    6.8   -2.3  -17.1   -4.1    1.3    1.3    8.2   12.7   11.2    -.3    6.1    3.6    -.2
      Equipment and software........    5.0    6.7    5.1   14.5   14.1   10.5   -3.2   -4.2    2.5    7.7    8.5    7.4    2.6   -2.6   -3.4   13.5   14.0   12.2
        Previously published........    4.9    6.7    4.3   13.3   12.7    9.4   -4.9   -6.2    2.8    7.4    9.3    7.2    1.7   -3.0   -3.4   12.4   15.5   14.3
    Residential.....................    2.3    2.2   -1.0    7.7    6.3    1.0     .6    5.2    8.2    9.8    6.2   -7.3  -18.5  -22.9    3.6   15.9    4.1    3.2
      Previously published..........    2.3    2.2    -.7    7.6    6.0     .8     .4    4.8    8.4   10.0    6.3   -7.1  -17.9  -20.8    4.0   16.7    4.2    2.4
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................    4.9    6.8    4.3    2.3    4.4    8.6   -5.6   -2.0    1.6    9.5    6.7    9.0    8.7    5.4    9.8    6.4    3.0    9.4
    Previously published............    4.9    6.8    4.4    2.4    4.3    8.7   -5.4   -2.3    1.3    9.7    7.0    9.1    8.4    6.2   10.0    6.5    3.1   10.0
    Goods...........................    4.8    7.1    4.2    2.2    3.8   11.1   -6.2   -3.6    1.8    8.5    7.5    9.4    7.4    5.9    6.6    6.8    5.1    6.4
      Previously published..........    4.8    7.1    4.3    2.2    3.8   11.2   -6.1   -4.0    1.8    9.0    7.7    9.9    7.5    6.0    7.4    7.2    6.2    7.2
    Services........................    5.5    6.0    4.5    2.4    5.7    2.7   -4.1    1.9    1.2   11.9    5.0    7.9   11.8    4.2   17.3    5.4   -1.7   16.5
      Previously published..........    5.5    6.0    4.5    2.9    5.6    2.9   -3.7    1.9     .0   11.5    5.6    7.2   10.5    6.6   16.2    5.1   -3.4   16.8
  Imports...........................    4.9    6.3    5.6   11.7   11.5   13.0   -2.8    3.4    4.4   11.0    6.1    6.1    2.0   -3.2   10.6   17.0    5.9   10.5
    Previously published............    4.9    6.3    5.6   11.6   11.5   13.1   -2.7    3.4    4.1   11.3    5.9    6.0    2.2   -3.5   12.3   15.2    4.8   13.8
    Goods...........................    5.0    7.0    5.7   11.8   12.5   13.4   -3.2    3.7    4.9   11.0    6.8    5.9    1.7   -3.9    9.9   18.6    6.7   10.8
      Previously published..........    4.9    7.0    5.7   11.7   12.4   13.5   -3.2    3.7    4.9   11.3    6.8    6.0    1.7   -4.1   11.5   16.6    5.5   14.5
    Services........................    4.5    4.2    5.1   10.9    6.8   11.0    -.8    1.8    1.9   11.2    2.8    7.1    3.5     .7   14.2    9.4    2.4    9.4
      Previously published..........    4.5    4.3    4.9   11.4    6.9   11.1    -.3    2.1     .0   11.5    1.4    6.0    4.4     .2   16.5    8.9    1.8   10.5

Government consumption expenditures
 and gross investment...............    3.7    2.1    2.4    2.1    3.6    2.0    3.8    4.7    2.2    1.4     .3    1.4    1.7    3.1    1.9    1.5    1.5   -2.4
   Previously published.............    3.7    2.1    2.4    1.9    3.9    2.1    3.4    4.4    2.5    1.4     .4    1.7    2.1    2.9    1.5    1.3    1.6   -1.8
  Federal...........................    4.7     .9    3.2   -1.1    1.9     .5    4.1    7.3    6.6    4.1    1.3    2.1    1.3    7.7    5.2    2.3    7.1   -4.8
    Previously published............    4.7     .9    3.1   -1.1    2.2     .9    3.9    7.0    6.8    4.2    1.2    2.3    1.6    6.0    6.1    2.4    6.2   -4.6
    National defense................    5.1     .3    3.4   -2.1    1.9    -.5    3.8    7.4    8.7    5.7    1.5    1.6    2.2    7.8    6.1    2.1   12.1   -9.6
      Previously published..........    5.1     .3    3.4   -2.1    1.9    -.5    3.9    7.4    8.7    5.8    1.5    1.6    2.5    7.2    8.1    2.0   10.9   -9.7
    Nondefense......................    4.3    2.7    2.9     .8    2.1    2.4    4.6    7.2    2.8    1.0     .9    3.2    -.6    7.3    3.5    2.6   -2.3    5.6
      Previously published..........    4.2    2.7    2.7     .7    2.8    3.5    3.9    6.3    3.4    1.1     .6    3.6    -.2    3.6    2.3    3.2   -2.7    6.5
  State and local...................    2.9    3.2    1.9    3.9    4.5    2.8    3.7    3.3    -.1    -.2    -.2     .9    2.0     .5     .1    1.0   -1.7   -1.0
    Previously published............    2.9    3.2    2.0    3.6    4.7    2.7    3.2    3.1     .2    -.2    -.1    1.3    2.3    1.1   -1.0     .7   -1.1    -.1

Addenda:
  Final sales of domestic product...    3.4    3.4    2.9    4.4    4.9    4.2    2.0    1.3    2.4    3.2    3.2    2.6    2.5     .8    2.4    2.0    3.5    3.2
    Previously published............    3.3    3.4    2.8    4.2    4.5    3.8    1.6    1.2    2.5    3.3    3.1    2.8    2.4    1.4    2.6    2.4    3.8    2.7
  Gross domestic purchases..........    3.4    3.4    3.0    5.5    5.7    4.8    1.2    2.4    2.8    4.0    3.2    2.6    1.4    -.7    3.2    4.4    3.4    4.0
    Previously published............    3.4    3.4    2.9    5.3    5.3    4.4     .9    2.2    2.8    4.1    3.0    2.6    1.4    -.3    3.6    4.8    3.8    3.4
  Final sales to domestic
   purchasers.......................    3.4    3.4    3.1    5.6    5.8    4.9    2.1    1.9    2.8    3.6    3.3    2.5    1.7    -.4    2.8    3.6    3.9    3.7
     Previously published...........    3.4    3.4    3.0    5.3    5.4    4.5    1.8    1.8    2.8    3.8    3.1    2.6    1.8     .0    3.2    3.7    4.0    3.6
  Gross national product (GNP)......    3.4    3.4    2.8    4.3    4.9    4.2    1.2    1.8    2.6    3.7    3.1    2.4    2.4     .6    3.5    2.0    3.3    2.6
    Previously published............    3.3    3.4    2.7    4.0    4.6    3.7     .8    1.5    2.7    3.8    3.0    2.6    2.2    1.3    3.6    2.6    3.9    1.5
  Disposable personal income........    3.3    3.5    3.1    6.0    3.0    5.1    2.4    3.3    2.5    3.4    1.3    4.0    2.2     .5    1.8    4.0    2.7    5.7
    Previously published............    3.2    3.5    3.0    5.8    3.0    4.8    1.9    3.1    2.2    3.6    1.4    3.5    2.8    1.3    3.7    2.4    2.9    7.5

  Current-dollar measures:
    GDP.............................    6.4    7.6    5.1    5.5    6.4    6.4    3.4    3.5    4.7    6.5    6.5    6.0    5.1    2.6    6.5    6.4    6.0    6.7
      Previously published..........    6.4    7.6    5.0    5.3    6.0    5.9    3.2    3.4    4.7    6.6    6.3    6.1    4.8    3.3    6.8    7.4    6.0    5.9
    Final sales of domestic product.    6.5    7.6    5.2    5.7    6.4    6.5    4.3    3.0    4.7    6.1    6.7    6.0    5.4    3.0    5.9    5.5    6.6    6.3
      Previously published..........    6.5    7.6    5.2    5.4    6.1    6.1    4.1    2.9    4.7    6.2    6.5    6.1    5.2    3.6    6.4    6.2    6.1    6.0
    Gross domestic purchases........    6.5    7.7    5.5    6.2    7.4    7.5    3.1    3.9    5.2    7.2    7.0    6.0    4.4    2.4    7.5    8.2    6.7    8.0
      Previously published..........    6.5    7.7    5.4    6.0    7.0    7.0    2.9    3.8    5.2    7.3    6.8    6.1    4.2    2.9    8.0    9.2    6.7    7.2
    Final sales to domestic
     purchasers.....................    6.5    7.7    5.6    6.3    7.5    7.6    4.1    3.4    5.2    6.8    7.2    6.0    4.7    2.8    7.0    7.4    7.2    7.7
       Previously published.........    6.5    7.7    5.5    6.0    7.1    7.2    3.8    3.4    5.2    7.0    6.9    6.1    4.6    3.2    7.6    8.0    6.8    7.3
    GNP.............................    6.5    7.6    5.2    5.4    6.5    6.5    3.5    3.4    4.9    6.7    6.5    5.8    5.4    2.7    7.1    5.5    6.3    5.7
      Previously published..........    6.4    7.6    5.1    5.2    6.1    6.0    3.2    3.2    4.9    6.8    6.4    5.9    4.9    3.5    7.4    6.5    6.3    4.8
    Disposable personal income......    6.4    7.8    5.4    7.0    4.7    7.7    4.4    4.7    4.6    6.1    4.4    6.9    4.9    3.9    5.2    7.1    5.3    9.2
      Previously published..........    6.3    7.8    5.4    6.8    4.7    7.5    4.1    4.6    4.2    6.4    4.4    6.4    5.5    4.6    7.3    6.3    4.9   10.8
------------------------------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

                       Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Table Ends
                                                      [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------------
                                       I 05  II 05 III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09
-----------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    4.1    1.7    3.1    2.1    5.4    1.4     .1    3.0    1.2    3.2    3.6    2.1    -.7    1.5   -2.7   -5.4   -6.4
         Previously published.......    3.0    2.6    3.8    1.3    4.8    2.7     .8    1.5     .1    4.8    4.8    -.2     .9    2.8    -.5   -6.3   -5.5

Personal consumption expenditures...    3.0    3.9    2.9    1.0    4.5    2.2    2.5    4.1    3.7    1.1    1.9    1.2    -.6     .1   -3.5   -3.1     .6
  Previously published..............    1.7    3.6    3.7    1.4    4.3    2.8    2.2    3.7    3.9    2.0    2.0    1.0     .9    1.2   -3.8   -4.3    1.4

Gross private domestic investment...    8.8   -7.0    4.5   15.1    6.0    -.6   -5.5  -10.9   -6.0    5.7     .8   -7.7   -7.4  -10.4   -6.9  -24.2  -50.5
  Previously published..............    9.1   -5.1    4.0   12.2    6.2    -.4   -5.3  -15.0   -9.6    6.2    3.5  -11.9   -5.8  -11.5     .4  -23.0  -48.9
  Fixed investment..................    5.0    7.3    5.2    1.5    9.5   -1.9   -5.0   -5.3   -2.6    3.6    -.4   -4.2   -6.3   -2.7   -8.3  -20.2  -39.0
    Previously published............    5.3    7.6    5.3    2.3    8.3   -2.5   -4.8   -7.6   -3.4    3.0    -.9   -6.2   -5.6   -1.7   -5.3  -22.0  -37.6
    Nonresidential..................    3.7    6.0    5.8    2.2   18.0    7.3    4.4    2.3    4.2   11.4    9.6    6.7    1.9    1.4   -6.1  -19.5  -39.2
      Previously published..........    3.7    6.3    6.1    3.7   15.9    6.4    5.3   -1.0    3.4   10.3    8.7    3.4    2.4    2.5   -1.7  -21.7  -37.3
      Structures....................    7.4   -1.5   -8.1    2.5   18.9   22.4   10.3    1.5   15.6   22.7   26.6   11.2    6.8   14.5    -.1   -7.2  -43.6
        Previously published........    7.5   -1.3   -9.2    1.9   15.6   19.7   14.3    2.5   11.2   18.3   20.5    8.5    8.6   18.5    9.7   -9.4  -42.9
      Equipment and software........    2.4    8.7   11.2    2.3   17.8    2.1    2.2    2.8    -.5    6.5    2.2    4.5    -.5   -5.0   -9.4  -25.9  -36.4
        Previously published........    2.3    9.2   12.2    4.4   16.3    1.7    2.0   -2.4     .0    6.9    3.6    1.0    -.6   -5.0   -7.5  -28.1  -33.7
    Residential.....................    7.5    9.6    4.2     .1   -4.2  -16.9  -21.2  -19.7  -16.2  -12.9  -22.4  -29.5  -28.2  -15.8  -15.9  -23.2  -38.2
      Previously published..........    8.1    9.7    4.0     .2   -3.6  -16.6  -21.4  -19.5  -16.2  -11.5  -20.6  -27.0  -25.1  -13.3  -16.0  -22.8  -38.8
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................    7.6    8.8     .1   10.5   16.5    6.9     .6   17.8    3.5    5.2   18.5   14.5    -.1   12.1   -3.6  -19.5  -29.9
    Previously published............    8.1    8.8     .4   10.9   16.7    5.5    3.5   15.6     .6    8.8   23.0    4.4    5.1   12.3    3.0  -23.6  -30.6
    Goods...........................    8.4   13.8   -1.1   11.8   17.8    7.4     .2   13.1    3.0    6.3   14.8   12.4    4.2   14.1   -1.8  -25.5  -36.9
      Previously published..........    7.1   14.5    -.8   13.2   18.1    6.7    3.6   10.4    2.1    6.9   21.8    5.1    4.5   16.3    3.7  -32.0  -38.8
    Services........................    5.9   -1.7    2.9    7.4   13.6    5.6    1.5   29.1    4.7    2.8   27.2   19.2   -9.0    7.8   -7.7   -4.3  -13.6
      Previously published..........   10.2   -2.8    3.2    5.7   13.4    2.7    3.2   28.6   -2.7   13.3   25.9    2.7    6.4    3.8    1.4   -1.5  -11.5
  Imports...........................    2.3    4.5    2.5   11.7    7.8    4.5    4.9    -.5    4.3    -.5    3.7   -3.6   -2.5   -5.0   -2.2  -16.7  -36.4
    Previously published............    3.2     .6     .8   15.3   10.3     .1    3.1    2.0    7.7   -3.7    3.0   -2.3    -.8   -7.3   -3.5  -17.5  -36.4
    Goods...........................    3.5    4.8    2.7   12.1    6.3    5.0    5.5   -2.3    5.0   -1.0    2.8   -3.8   -3.5   -4.6   -3.7  -19.6  -41.0
      Previously published..........    5.0     .7    1.1   17.0    9.0     .5    3.8    -.8    8.4   -4.0    2.4   -2.6   -2.0   -7.1   -4.7  -19.6  -41.4
    Services........................   -3.7    2.6    1.2    9.5   16.1    1.8    1.3   10.0     .4    2.1    8.6   -2.9    3.0   -7.1    6.1    -.9  -11.5
      Previously published..........   -5.7     .0   -1.0    6.8   17.7   -2.0    -.3   18.4    4.2   -2.0    6.3    -.9    5.5   -8.0    3.3   -6.7  -10.2

Government consumption expenditures
 and gross investment...............     .4     .4    3.7   -1.8    4.1     .3     .6    1.1     .0    4.4    3.9    1.6    2.6    3.6    4.8    1.2   -2.6
   Previously published.............    -.2     .9    3.4   -1.7    3.9    1.2    1.7    1.6     .9    3.9    3.8     .8    1.9    3.9    5.8    1.3   -3.1
  Federal...........................    1.7     .4    9.7   -6.5   11.9   -3.4    -.4    1.1   -5.1    7.4    9.3    2.7    8.1    7.8   13.2    6.5   -4.3
    Previously published............    1.1    1.1    9.7   -7.2   10.0   -1.5    1.9    1.8   -3.6    6.7    7.2    -.5    5.8    6.6   13.8    7.0   -4.5
    National defense................    3.6    3.1   11.1  -14.3   10.5    1.1   -1.9    8.5   -7.6    8.6   10.0     .5    8.2    7.0   19.8    3.8   -5.1
      Previously published..........    3.1    4.0   12.3  -14.2    8.8    1.9    -.9    7.0   -5.9    8.5   10.2    -.9    7.3    7.3   18.0    3.4   -6.8
    Nondefense......................   -2.1   -5.0    6.8   11.7   14.7  -11.6    2.9  -12.7     .3    5.0    7.9    7.6    8.1    9.6     .1   12.7   -2.5
      Previously published..........   -2.7   -4.5    4.4    8.9   12.4   -8.1    7.7   -8.1    1.2    3.1    1.2     .4    2.9    5.0    5.1   15.3     .6
  State and local...................    -.4     .5     .3    1.1    -.3    2.6    1.2    1.1    3.1    2.7     .9    1.0    -.5    1.2     .1   -2.0   -1.5
    Previously published............   -1.0     .8    -.1    1.6     .5    2.9    1.6    1.5    3.6    2.4    1.9    1.6    -.3    2.5    1.3   -2.0   -2.2

Addenda:
  Final sales of domestic product...    3.4    4.2    3.2    -.1    5.9    1.2     .2    4.1    1.8    2.9    3.4    2.8    -.5    2.7   -2.9   -4.7   -4.1
    Previously published............    2.3    4.8    4.1    -.3    5.1    2.3     .9    2.9    1.1    4.3    4.0     .8     .9    4.4   -1.3   -6.2   -3.3
  Gross domestic purchases..........    3.5    1.5    3.3    2.7    4.7    1.4     .8    1.0    1.4    2.4    2.1    -.2   -1.1    -.9   -2.5   -5.5   -8.6
    Previously published............    2.5    1.7    3.7    2.5    4.5    2.0     .9     .2    1.2    2.9    2.6   -1.0     .1    -.1   -1.5   -5.9   -7.5
  Final sales to domestic
   purchasers.......................    2.9    3.8    3.4     .6    5.2    1.2     .9    2.0    2.0    2.1    1.9     .4    -.9     .3   -2.7   -4.9   -6.4
     Previously published...........    1.9    3.7    3.9    1.0    4.8    1.6    1.0    1.5    2.2    2.5    1.9    -.1     .1    1.3   -2.3   -5.8   -5.4
  Gross national product (GNP)......    5.2    1.3    3.4    1.1    5.4    1.3    -.3    3.2     .9    3.6    5.4    3.4   -1.1     .2   -1.8   -6.7   -6.6
    Previously published............    4.7    2.2    4.1     .4    4.9    2.8     .2    2.0    -.3    4.4    6.3    1.3     .1    2.1    -.2   -5.6   -5.6
  Disposable personal income........   -4.8    2.8    2.4    2.2    7.7    3.6    1.9    5.3    1.7     .5    1.7     .1   -2.4    9.8   -8.5    3.4    1.1
    Previously published............   -4.7    2.5   -1.3    7.5    5.1    1.3    2.3    5.8    4.4    -.6    3.1     .6    -.7   10.7   -8.5    2.9    6.0

  Current-dollar measures:
    GDP.............................    8.0    4.5    7.4    5.6    8.6    5.1    3.2    4.8    5.5    6.0    5.3    4.5    1.0    3.5    1.4   -5.4   -4.6
      Previously published..........    7.1    4.8    8.1    5.1    8.6    5.5    3.6    3.7    4.3    6.9    6.3    2.3    3.5    4.1    3.4   -5.8   -2.9
    Final sales of domestic product.    7.3    7.1    7.6    3.3    9.2    4.9    3.3    6.0    6.1    5.7    5.1    5.2    1.5    4.7    1.0   -5.2   -2.4
      Previously published..........    6.5    7.0    8.4    3.5    8.8    5.1    3.7    5.2    5.3    6.4    5.6    3.6    3.6    5.6    2.6   -6.1    -.7
    Gross domestic purchases........    7.2    4.7    8.4    7.0    7.6    5.0    3.7    1.9    5.7    5.5    4.3    4.4    2.1    3.2    1.8   -9.2   -9.8
      Previously published..........    6.3    4.8    9.1    6.5    7.5    5.7    3.8     .7    5.0    6.4    4.9    2.6    3.5    4.3    2.9   -9.6   -8.4
    Final sales to domestic
     purchasers.....................    6.6    7.1    8.6    4.8    8.2    4.8    3.8    3.0    6.3    5.2    4.1    5.0    2.6    4.3    1.5   -9.0   -7.7
       Previously published.........    5.7    6.9    9.4    5.0    7.8    5.3    3.9    2.1    5.9    5.9    4.2    3.9    3.7    5.7    2.2   -9.9   -6.4
    GNP.............................    9.1    4.1    7.7    4.6    8.6    4.9    2.8    5.1    5.3    6.3    7.1    5.8     .6    2.3    2.2   -6.7   -4.8
      Previously published..........    8.8    4.4    8.4    4.2    8.7    5.6    3.0    4.1    4.0    6.4    7.9    3.9    2.6    3.4    3.7   -5.0   -3.0
    Disposable personal income......   -2.5    5.4    7.1    5.8    9.5    6.7    4.9    5.3    5.5    3.7    4.1    5.2    1.2   14.1   -4.2   -1.8    -.4
      Previously published..........   -2.4    5.1    3.4   11.1    6.9    4.6    5.4    5.3    7.9    3.0    5.7    4.9    2.9   15.4   -3.9   -2.1    5.0
-----------------------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

                Table 1B. Revisions to Current-Dollar Gross Domestic Product, National Income, and Disposition of Personal Income
-------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Billions of dollars                                      Percent of
                                                                                                                             previously published
                                           --------------------------------------------------------------------------------- --------------------
                                           1997   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   1997   2002   2008
-------------------------------------------------------------------------------------------------------------------------------------------------

    Gross domestic product (GDP)........   28.1   46.5   85.1  134.5  158.2  172.7  181.3  181.9  216.5  220.5  270.1  176.8     .3    1.6    1.2

Personal consumption expenditures.......   23.2   39.0   60.3   91.0   93.8   88.5  100.4   89.2  124.9  115.5  116.2   72.0     .4    1.2     .7

Gross private domestic investment.......   -1.1    1.7   15.8   36.7   47.6   64.9   65.6   80.0   86.1  106.8  158.1  142.6    -.1    4.1    7.2
  Fixed investment......................    -.1    8.7   21.9   38.7   54.1   64.7   63.5   73.6   79.5   96.1  135.1  130.3     .0    4.1    6.4
    Nonresidential......................    -.1    8.5   21.0   36.6   51.0   59.1   58.3   68.5   74.2   91.2  136.4  140.8     .0    5.5    9.1
      Structures........................     .0    -.1    1.7    4.9    7.1    3.6    4.7    8.5   14.2   23.3   55.1   56.1     .0    1.3   10.1
      Equipment and software............     .0    8.7   19.3   31.6   43.9   55.6   53.6   60.1   60.1   68.0   81.3   84.7     .0    7.1    8.5
    Residential.........................     .0     .1     .9    2.1    3.1    5.6    5.2    5.1    5.4    4.9   -1.2  -10.5     .0    1.1   -2.2
  Change in private inventories.........   -1.0   -7.1   -6.1   -2.0   -6.6     .1    2.1    6.3    6.7   10.7   23.0   12.2  .....  .....  .....

Net exports of goods and services.......     .2   -1.9   -1.6   -2.6   -4.0   -2.8   -4.7   -3.3   -9.1  -12.0   -6.0  -38.6  .....  .....  .....
  Exports...............................    -.9   -2.0   -1.9   -3.1   -5.1   -2.9     .2   -2.2   -6.4   -9.8   -6.5  -28.3    -.1    -.3   -1.5
    Goods...............................     .0     .0     .0     .0     .0    2.7    2.4   -1.3   -2.3   -7.7   -9.8  -16.2     .0     .4   -1.3
    Services............................    -.9   -2.1   -1.9   -3.0   -5.1   -5.7   -2.2    -.9   -4.1   -2.1    3.3  -12.1    -.3   -1.8   -2.1
  Imports...............................   -1.1    -.2    -.3    -.5   -1.1    -.1    4.9    1.1    2.7    2.2    -.5   10.3    -.1     .0     .4
    Goods...............................     .4    1.8    2.2    3.0    3.8    4.6    5.4    2.2    2.7    2.2    2.5   11.2     .0     .4     .5
    Services............................   -1.4   -2.0   -2.6   -3.5   -4.9   -4.7    -.3   -1.0     .0     .0   -3.0   -1.0    -.8   -2.0    -.2

Government consumption expenditures
 and gross investment...................    5.7    7.8   10.5    9.4   20.8   22.2   20.1   16.0   14.6   10.3    1.7     .8     .4    1.1     .0
  Federal...............................     .1     .6    -.9   -2.7   -1.2     .9     .1   -1.0     .8    -.5   -2.6   10.7     .0     .1    1.0
    National defense....................     .2     .4     .5     .7     .4     .6     .7     .1     .9     .8    -.1    3.0     .1     .1     .4
    Nondefense..........................    -.2     .2   -1.4   -3.5   -1.6     .4    -.7   -1.0    -.1   -1.2   -2.6    7.7    -.1     .2    2.3
  State and local.......................    5.7    7.1   11.3   12.1   21.9   21.2   20.1   17.0   13.8   10.8    4.3   -9.8     .6    1.7    -.5

  Relation of GDP and National Income

Gross domestic product..................   28.1   46.5   85.1  134.5  158.2  172.7  181.3  181.9  216.5  220.5  270.1  176.8     .3    1.6    1.2

Plus: Income receipts
 from the rest of the world.............   -7.2    -.9   -1.3   -2.2     .6    7.8   16.5   11.1    -.5   -4.3     .1   10.9   -2.5    2.6    1.4
Less: Income payments to
 the rest of the world..................    2.4    3.1    4.7    -.9   -7.7  -10.6    4.6   -3.9   -4.6    1.5  -13.3    2.2     .9   -3.9     .3

Equals: Gross national product..........   18.5   42.5   79.1  133.3  166.5  191.2  193.2  196.9  220.6  214.7  283.3  185.5     .2    1.8    1.3

Less: Consumption of fixed capital......  -10.6   -9.7   -6.9   -3.5  -25.3   13.0   17.6   -3.3  -70.6   36.8   39.5   14.8   -1.1    1.0     .8
Less: Statistical discrepancy...........  -84.7  -70.7  -35.4   -6.8  -13.8   -1.1  -32.2  -26.9   -8.5  -57.6   66.6  -37.1  .....  .....  .....

Equals: National income.................  113.8  122.8  121.3  143.7  205.4  179.2  207.9  227.2  299.8  235.5  177.3  207.8    1.6    1.9    1.7
  Compensation of employees.............    3.9    3.8   -3.2    6.1   37.2   19.6   57.2   37.0   34.2   43.2   44.2  -15.4     .1     .3    -.2
    Wage and salary accruals............   -1.1   -1.8   -6.2   -1.5    9.4   16.4   26.9   31.2   29.3   41.6   46.9   -7.2     .0     .3    -.1
    Supplements to wages and
     salaries...........................    5.0    5.6    3.1    7.8   27.8    3.2   30.3    5.8    5.0    1.6   -2.8   -8.2     .6     .3    -.5
  Proprietors' income with inventory
   valuation and capital
   consumption adjustments..............   52.2   59.7   68.5   89.1   98.8  121.9  119.3  122.2  110.0  118.3   40.2   33.9    9.1   15.9    3.2
  Rental income of persons with
   capital consumption adjustment.......   47.7   54.0   60.9   65.0   65.0   65.8   71.2   80.0  137.3  102.2  104.9  146.0   37.0   43.0  226.7
  Corporate profits with inventory
   valuation and capital
   consumption adjustments..............   16.3   10.8    5.0    1.3   16.9  -14.1  -15.3   15.7    8.2  -60.2 -100.7 -116.1    1.9   -1.6   -7.9
  Net interest and miscellaneous
   payments.............................   -8.0   -7.8  -14.0  -19.7  -21.9  -14.5  -20.6  -29.6  -26.1   21.0   74.8  132.4   -1.9   -2.8   19.4
  Taxes on production and imports
   less subsidies.......................   -1.3   -1.3   -1.4   -1.9   -4.3   -3.0   -1.6   -2.2     .4    9.1   10.8   10.7    -.2    -.4    1.1
  Business current transfer
   payments (net).......................    1.4     .5    1.6    -.1    8.5   -1.9   -7.7   -1.3   25.9   -2.4    2.0   15.2    2.8   -2.3   14.7
  Current surplus of government
   enterprises..........................    1.5    3.0    4.0    3.8    5.4    5.4    5.3    5.4    9.9    4.4    1.3    1.2  .....  .....  .....

     Disposition of personal income

Personal income.........................   85.6  102.4  108.4  129.7  159.2  178.2  214.5  210.0  216.1  274.2  230.9  138.2    1.2    2.0    1.1

  Compensation of employees,
   received.............................    4.0    3.8   -3.2    6.1   37.2   19.6   57.2   37.0   34.2   43.1   44.1  -10.4     .1     .3    -.1
    Wage and salary disbursements.......   -1.0   -1.8   -6.3   -1.5    9.4   16.4   26.9   31.2   29.3   41.7   46.9   -2.1     .0     .3     .0
    Supplements to wages and
     salaries...........................    5.0    5.6    3.1    7.8   27.8    3.2   30.3    5.8    5.0    1.6   -2.8   -8.2     .6     .3    -.5
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..............   52.2   59.7   68.5   89.1   98.8  121.9  119.3  122.2  110.0  118.3   40.2   33.9    9.1   15.9    3.2
    Farm................................   -1.6    -.5    -.1    6.9   10.8    7.9    7.3   12.4    9.8   13.1   -4.6   14.1   -4.7   74.5   40.8
    Nonfarm.............................   53.8   60.3   68.6   82.1   88.0  114.0  112.0  109.8  100.2  105.0   44.7   19.6    9.9   15.0    1.9
  Rental income of persons with
   capital consumption adjustment.......   47.7   54.0   60.9   65.0   65.0   65.8   71.2   80.0  137.3  102.2  104.9  146.0   37.0   43.0  226.7
  Personal income receipts on assets....  -16.2  -14.0  -17.4  -26.3  -34.0  -23.6  -23.7  -23.6  -54.9    4.9   31.4  -43.3   -1.4   -1.8   -2.1
    Personal interest income............  -12.9  -13.9  -17.7  -26.8  -34.5  -24.2  -24.3  -34.9  -35.0    2.1   52.1   99.5   -1.5   -2.6    8.2
    Personal dividend income............   -3.3    -.1     .3     .4     .5     .5     .5   11.3  -19.9    2.8  -20.7 -142.7   -1.0     .1  -17.2
  Personal current transfer
   receipts.............................   -2.0    -.7    -.5   -1.0   -5.8   -4.1   -9.3   -7.0  -12.1    2.0    4.7    6.8    -.2    -.3     .4

  Less: Contributions for government
   social insurance, domestic...........     .0     .5    -.1    3.1    2.1    1.5     .3   -1.5   -1.6   -3.7   -5.8   -5.1     .0     .2    -.5

Less: Personal current taxes............    -.1    -.6     .0   -3.4   -2.5   -1.4    -.8    1.5     .8    -.8   -1.9  -24.9     .0    -.1   -1.7

Equals: Disposable personal income......   85.8  103.0  108.3  133.2  161.7  179.6  215.3  208.5  215.3  275.0  232.6  163.1    1.4    2.3    1.5

Less: Personal outlays..................   23.7   38.4   59.1   88.5   89.0   82.2  100.3   86.5  120.1  110.7  111.2   69.3     .4    1.1     .7

Equals: Personal saving.................   62.1   64.7   49.2   44.6   72.6   97.5  114.9  122.0   95.2  164.3  121.5   93.7  .....  .....  .....

  Personal saving as a percentage
   of disposable personal income........    1.0    1.0     .7     .6     .9    1.1    1.4    1.3    1.0    1.7    1.1     .9  .....  .....  .....

Addenda:
Statistical discrepancy as a
 percentage of GDP......................   -1.1    -.8    -.4     .0    -.1     .0    -.3    -.3     .0    -.4     .5    -.3  .....  .....  .....
Gross domestic income...................  112.6  117.2  120.5  141.4  171.9  173.8  213.5  208.8  225.0  278.1  203.5  213.9    1.4    1.7    1.5
-------------------------------------------------------------------------------------------------------------------------------------------------

                                     Table 2. Contributions to Percent Change in Real Gross Domestic Product--Continues
                                                       [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                        1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
------------------------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product...........    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4    2.8    2.9    3.0    3.5    4.1    1.7

Percentage points at annual rates:

  Personal consumption expenditures..   3.50   3.68   3.44   1.85   1.85   1.97   2.42   2.34   2.01   1.84   -.17   2.68   1.53   2.40   3.23   2.11   2.68

    Goods............................   1.61   1.90   1.29    .77    .99   1.11   1.08    .97    .78    .75   -.50    .99    .42   1.15   1.23    .95   1.35

      Durable goods..................   1.03   1.13    .79    .49    .69    .55    .59    .45    .35    .36   -.36    .40    .26    .70    .58    .24    .98
        Motor vehicles and parts.....    .36    .33    .12    .18    .19    .10    .05   -.01   -.10    .04   -.38   -.01   -.06    .16    .13   -.24    .48
        Furnishings and durable
         household equipment.........    .16    .23    .19    .10    .15    .13    .17    .12    .11    .04   -.06    .11    .11    .19    .08    .07    .13
        Recreational goods and
         vehicles....................    .40    .45    .38    .22    .27    .26    .31    .29    .30    .26    .13    .27    .21    .33    .28    .34    .27
        Other durable goods..........    .10    .13    .10   -.02    .07    .05    .06    .06    .04    .01   -.05    .03   -.01    .02    .09    .06    .10

      Nondurable goods...............    .58    .77    .50    .28    .30    .56    .49    .52    .44    .39   -.13    .58    .17    .45    .64    .71    .38
        Food and beverages purchased
         for off-premises consumption    .07    .21    .12    .06    .01    .12    .14    .21    .17    .11    .00    .38    .04    .12    .28    .30    .07
        Clothing and footwear........    .18    .19    .14    .03    .08    .14    .12    .15    .12    .11   -.01    .27   -.12    .14    .21    .15    .23
        Gasoline and other energy
         goods.......................    .06    .05   -.03    .01    .03    .05    .03   -.01   -.05    .02   -.12   -.03    .02   -.05    .02    .11   -.10
        Other nondurable goods.......    .27    .32    .27    .18    .18    .25    .20    .17    .20    .16   -.01   -.03    .23    .25    .14    .16    .18

    Services.........................   1.90   1.78   2.15   1.09    .86    .86   1.34   1.37   1.22   1.09    .32   1.69   1.11   1.25   2.00   1.16   1.32
      Household consumption
       expenditures (for services)...   1.76   1.67   2.03    .96    .69    .77   1.35   1.40   1.06   1.02    .16   1.67   1.17   1.29   1.96   1.31   1.32
        Housing and utilities........    .37    .38    .37    .33    .09    .16    .27    .57    .27    .12    .12    .27    .27    .27    .81    .62    .67
        Health care..................    .31    .15    .32    .46    .57    .23    .33    .39    .19    .27    .31    .28    .45    .55    .36    .51    .21
        Transportation services......    .11    .14    .12   -.02   -.07    .01    .06    .02   -.01    .03   -.11    .07    .08    .02    .05    .00    .03
        Recreation services..........    .08    .12    .08    .00    .02    .08    .13    .05    .08    .10    .00    .18    .11    .05    .02    .10    .01
        Food services and
         accommodations..............    .11    .10    .19   -.01    .06    .14    .13    .14    .13    .05   -.02    .12    .00    .09    .16    .09    .25
        Financial services and
         insurance...................    .33    .45    .54   -.04   -.02    .00    .28    .17    .18    .28   -.10    .46    .12    .13    .52   -.11    .24
        Other services...............    .45    .32    .42    .24    .04    .16    .15    .07    .21    .18   -.04    .30    .15    .17    .04    .10   -.10
      Final consumption expenditures
       of nonprofit institutions
       serving households............    .13    .11    .12    .13    .17    .09   -.01   -.03    .17    .07    .16    .03   -.06   -.04    .04   -.15    .01
        Gross output of nonprofit
         institutions................    .31    .22    .25    .31    .39    .11    .14    .11    .21    .18    .24    .17    .16    .25    .21    .04    .02
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions......    .17    .11    .12    .18    .23    .02    .15    .15    .04    .11    .09    .14    .22    .29    .17    .19    .01

  Gross private domestic investment..   1.65   1.50   1.19  -1.24   -.22    .55   1.55    .92    .46   -.65  -1.18    .35   2.79    .88   1.40   1.47  -1.23

    Fixed investment.................   1.70   1.52   1.24   -.32   -.70    .49   1.13   1.05    .39   -.35   -.81   -.12   1.93   1.36   1.10    .81   1.17
      Nonresidential.................   1.38   1.24   1.20   -.35   -.94    .10    .61    .69    .84    .70    .19   -.31   1.09   1.12    .92    .38    .61
        Structures...................    .16    .00    .24   -.05   -.58   -.10    .03    .04    .27    .49    .39   -.06    .12    .10    .01    .19   -.04
        Equipment and software.......   1.22   1.24    .96   -.30   -.36    .20    .58    .65    .58    .20   -.20   -.25    .97   1.02    .91    .19    .65
          Information processing
           equipment and software....    .86    .90    .78   -.02   -.12    .26    .35    .27    .31    .29    .22    .05    .26    .29    .31    .21    .30
            Computers and peripheral
             equipment...............    .39    .37    .21    .02    .04    .06    .08    .07    .13    .11    .05   -.06    .07    .11    .14   -.05    .08
            Software.................    .26    .33    .23    .01    .00    .12    .17    .11    .07    .11    .11    .09    .05    .21    .20    .03    .17
            Other....................    .21    .19    .35   -.06   -.15    .08    .11    .09    .10    .08    .06    .02    .14   -.04   -.03    .23    .04
          Industrial equipment.......    .07    .01    .14   -.12   -.10    .00   -.04    .10    .10    .06   -.05   -.20    .11    .15    .10    .12   -.06
          Transportation equipment...    .15    .29   -.04   -.15   -.14   -.12    .19    .16    .12   -.14   -.35   -.05    .48    .41    .40   -.22    .19
          Other equipment............    .14    .04    .08   -.01   -.01    .06    .08    .12    .05   -.01   -.03   -.05    .12    .18    .11    .08    .23
      Residential....................    .32    .28    .05    .03    .24    .40    .52    .36   -.45  -1.05  -1.00    .19    .83    .24    .18    .43    .56

    Change in private inventories....   -.05   -.02   -.05   -.92    .48    .06    .42   -.13    .07   -.30   -.37    .46    .87   -.48    .30    .66  -2.39
      Farm...........................   -.02   -.05    .01    .02   -.02    .03    .07   -.07   -.03    .03   -.04    .20    .50   -.34   -.11   -.35    .23
      Nonfarm........................   -.03    .03   -.07   -.93    .50    .03    .35   -.06    .10   -.33   -.33    .27    .37   -.14    .40   1.00  -2.63

  Net exports of goods and services..  -1.18   -.99   -.85   -.20   -.65   -.45   -.66   -.27   -.05    .63   1.20   -.54  -1.73   -.59   -.65    .39    .19

    Exports..........................    .26    .47    .91   -.61   -.20    .15    .89    .67    .93    .96    .64    .91    .61    .29    .90    .75    .87
      Goods..........................    .18    .29    .82   -.48   -.25    .12    .55    .52    .68    .57    .48    .43    .45    .34    .43    .57    .92
      Services.......................    .08    .18    .08   -.13    .05    .03    .34    .15    .25    .39    .16    .48    .16   -.05    .47    .18   -.05

    Imports..........................  -1.43  -1.45  -1.76    .41   -.46   -.60  -1.55   -.94   -.98   -.33    .56  -1.45  -2.34   -.88  -1.56   -.36   -.68
      Goods..........................  -1.21  -1.31  -1.52    .39   -.42   -.55  -1.29   -.87   -.80   -.24    .58  -1.13  -2.12   -.82  -1.33   -.45   -.62
      Services.......................   -.22   -.14   -.24    .02   -.04   -.04   -.26   -.07   -.18   -.09   -.02   -.32   -.22   -.06   -.23    .10   -.06

  Government consumption expenditures
   and gross investment..............    .38    .63    .36    .67    .84    .42    .26    .06    .26    .32    .59    .36    .28    .28   -.46    .08    .08

    Federal..........................   -.07    .12    .03    .24    .44    .43    .28    .09    .15    .09    .53    .35    .16    .48   -.34    .12    .02
      National defense...............   -.09    .07   -.02    .14    .28    .36    .26    .07    .07    .10    .37    .27    .09    .54   -.47    .17    .14
        Consumption expenditures.....   -.10    .05   -.03    .12    .22    .31    .21    .04    .03    .07    .27    .27    .05    .38   -.41    .21    .03
        Gross investment.............    .01    .02    .01    .02    .06    .05    .05    .03    .04    .04    .10    .00    .05    .16   -.06   -.05    .11
      Nondefense.....................    .02    .04    .05    .09    .15    .07    .02    .02    .07   -.01    .16    .08    .06   -.05    .13   -.05   -.12
        Consumption expenditures.....   -.02    .01    .08    .10    .13    .06    .03    .01    .05   -.02    .14    .10    .02   -.03    .13   -.05   -.12
        Gross investment.............    .03    .03   -.03    .00    .03    .00    .00    .01    .02    .00    .02   -.01    .04   -.02   -.01    .00    .00

    State and local..................    .45    .51    .33    .43    .40   -.01   -.02   -.03    .11    .23    .06    .01    .12   -.20   -.11   -.04    .06
      Consumption expenditures.......    .38    .34    .21    .32    .32   -.03    .00    .04    .07    .17    .07    .06    .04    .00    .06    .04    .02
      Gross investment...............    .06    .17    .12    .11    .08    .02   -.02   -.07    .04    .06   -.01   -.05    .08   -.20   -.18   -.07    .04

Addenda:
    Goods............................   1.86   2.23   1.54   -.50    .51    .98   1.44   1.22   1.40   1.01    .11    .51    .71   1.40   1.58   1.85    .09
    Services.........................   2.02   2.22   2.26   1.51   1.54   1.19   1.65   1.54   1.45   1.61    .94   2.28   1.15   1.49   2.03   1.64   1.14
    Structures.......................    .47    .38    .34    .07   -.24    .31    .49    .30   -.18   -.49   -.61    .06   1.00    .09   -.10    .57    .48
    Motor vehicle output.............    .31    .37   -.06   -.16    .39    .04    .14    .13   -.04   -.04   -.52    .11   -.21    .61   -.04    .04    .21
    Final sales of computers.........    .42    .41    .30    .13    .03    .12    .03    .11    .14    .13    .12   -.18    .00    .04    .18    .05    .18
------------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                 Table 2. Contributions to Percent Change in Real Gross Domestic Product--Table Ends
                                                   [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------
                                      III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09  II 09
-----------------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product...........    3.1    2.1    5.4    1.4     .1    3.0    1.2    3.2    3.6    2.1    -.7    1.5   -2.7   -5.4   -6.4   -1.0

Percentage points at annual rates:

  Personal consumption expenditures..   1.99    .71   3.08   1.48   1.70   2.79   2.54    .81   1.35    .86   -.39    .06  -2.49  -2.15    .44   -.88

    Goods............................    .74   -.29   1.76    .15    .78   1.39    .93    .05    .75    .71  -1.24   -.12  -1.89  -2.41    .56   -.92

      Durable goods..................    .41   -.89   1.35   -.09    .37    .46    .45    .18    .42    .44   -.75   -.46   -.95  -1.64    .28   -.52
        Motor vehicles and parts.....    .12  -1.53    .46    .00    .21   -.02    .08    .05   -.10    .06   -.50   -.63   -.64   -.84    .14   -.27
        Furnishings and durable
         household equipment.........    .14    .21    .22   -.09    .04    .04    .15   -.08    .07    .06   -.13    .05   -.22   -.27   -.13   -.15
        Recreational goods and
         vehicles....................    .18    .35    .53    .06    .18    .44    .22    .16    .38    .33   -.04    .25   -.06   -.30    .20   -.09
        Other durable goods..........   -.02    .09    .14   -.05   -.06    .01    .00    .05    .07   -.01   -.07   -.13   -.03   -.21    .07   -.02

      Nondurable goods...............    .33    .60    .41    .24    .40    .93    .48   -.13    .33    .27   -.49    .35   -.94   -.78    .29   -.40
        Food and beverages purchased
         for off-premises consumption    .36    .15    .06    .23    .07    .33    .10   -.14    .09    .22    .05    .03   -.29   -.41    .03    .25
        Clothing and footwear........    .01    .31    .14   -.07    .14    .17    .19   -.02    .11    .05   -.04    .16   -.27   -.21   -.04   -.16
        Gasoline and other energy
         goods.......................   -.12   -.08   -.13    .03    .10    .00    .05   -.01    .01   -.10   -.23   -.11   -.42    .27    .17   -.03
        Other nondurable goods.......    .07    .22    .35    .06    .10    .43    .14    .03    .11    .10   -.27    .27    .04   -.43    .12   -.45

    Services.........................   1.25    .99   1.32   1.33    .92   1.40   1.61    .76    .60    .15    .85    .17   -.60    .26   -.13    .04
      Household consumption
       expenditures (for services)...   1.27    .88   1.12   1.04    .59   1.38   1.69    .88    .34   -.14    .70    .13   -.79    .06    .34    .18
        Housing and utilities........    .52    .26   -.13    .58    .30   -.16    .21    .03    .14   -.04    .33    .11   -.18    .46    .02   -.11
        Health care..................    .33    .18    .32    .06   -.11    .37    .53    .20    .18    .30    .65    .28   -.06    .19    .37    .24
        Transportation services......    .03   -.07   -.06    .05   -.01    .09    .05    .01   -.03   -.07   -.17   -.15   -.11   -.17   -.15    .00
        Recreation services..........    .01    .06    .12    .05    .13    .22    .08    .04    .08    .00   -.01    .04   -.08   -.10    .05   -.02
        Food services and
         accommodations..............    .09    .18    .36   -.19    .00    .18    .03    .04    .05    .09   -.10    .11   -.11   -.35   -.07   -.09
        Financial services and
         insurance...................    .21    .07    .21    .16    .13    .40    .43    .42    .08   -.25   -.13   -.07   -.16   -.24    .03    .16
        Other services...............    .09    .19    .28    .32    .15    .28    .36    .14   -.16   -.17    .13   -.18   -.09    .27    .10    .00
      Final consumption expenditures
       of nonprofit institutions
       serving households............   -.03    .12    .20    .29    .34    .01   -.08   -.12    .26    .28    .15    .05    .18    .20   -.46   -.14
        Gross output of nonprofit
         institutions................    .07    .18    .35    .23    .15    .19    .30    .01    .13    .34    .44    .17    .07    .24   -.22   -.07
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions......    .10    .07    .15   -.05   -.19    .18    .37    .13   -.14    .06    .29    .12   -.11    .04    .24    .06

  Gross private domestic investment..    .76   2.46   1.08   -.11   -.99  -1.99  -1.05    .92    .14  -1.29  -1.20  -1.66  -1.04  -3.91  -8.98  -2.64

    Fixed investment.................    .86    .25   1.57   -.32   -.86   -.91   -.43    .59   -.04   -.66   -.99   -.41  -1.30  -3.28  -6.62  -1.82
      Nonresidential.................    .61    .25   1.84    .80    .49    .27    .46   1.25   1.10    .78    .25    .19   -.73  -2.47  -5.29   -.94
        Structures...................   -.24    .07    .52    .63    .32    .05    .50    .75    .91    .42    .27    .56    .00   -.31  -2.28   -.34
        Equipment and software.......    .84    .18   1.32    .17    .17    .22   -.04    .51    .19    .36   -.02   -.38   -.73  -2.15  -3.01   -.59
          Information processing
           equipment and software....    .33    .15    .59    .10    .34    .11    .46    .19    .32    .53    .39    .26   -.17   -.70   -.79   -.16
            Computers and peripheral
             equipment...............    .11    .18    .16    .09    .16    .01    .18    .02    .13    .20    .12    .03   -.19   -.19   -.08    .02
            Software.................    .04    .01    .07    .07    .11    .13    .07    .12    .11    .20    .22    .09   -.06   -.17   -.47   -.22
            Other....................    .17   -.04    .36   -.07    .06   -.03    .22    .05    .08    .12    .05    .14    .07   -.34   -.24    .03
          Industrial equipment.......    .20    .20   -.06    .34   -.05    .03   -.10    .45   -.03   -.22    .02   -.02   -.15   -.20   -.82   -.18
          Transportation equipment...    .31   -.22    .62   -.26   -.01    .05   -.22   -.30   -.18    .00   -.27   -.58   -.54   -.87   -.92    .14
          Other equipment............    .01    .04    .17   -.01   -.11    .03   -.18    .16    .08    .05   -.16   -.04    .13   -.38   -.48   -.39
      Residential....................    .25    .01   -.27  -1.12  -1.36  -1.18   -.89   -.66  -1.14  -1.44  -1.24   -.60   -.57   -.81  -1.33   -.88

    Change in private inventories....   -.09   2.21   -.49    .22   -.13  -1.08   -.61    .32    .19   -.63   -.21  -1.25    .26   -.64  -2.36   -.83
      Farm...........................    .14   -.06    .04   -.36    .06    .08    .27   -.31    .06    .03   -.29    .34   -.09    .10    .05    .07
      Nonfarm........................   -.23   2.27   -.53    .58   -.19  -1.15   -.88    .64    .13   -.66    .08  -1.59    .35   -.74  -2.41   -.89

  Net exports of goods and services..   -.36   -.74    .44    .02   -.71   1.94   -.29    .66   1.36   2.24    .36   2.35   -.10    .45   2.64   1.38

    Exports..........................    .01   1.03   1.64    .72    .06   1.84    .39    .58   1.99   1.65   -.02   1.47   -.48  -2.67  -3.95   -.76
      Goods..........................   -.08    .81   1.23    .54    .01    .96    .23    .48   1.11    .97    .34   1.17   -.17  -2.50  -3.41   -.68
      Services.......................    .09    .23    .41    .18    .05    .87    .16    .10    .88    .68   -.36    .30   -.31   -.17   -.54   -.09

    Imports..........................   -.37  -1.78  -1.20   -.70   -.78    .10   -.68    .08   -.63    .60    .38    .88    .38   3.12   6.58   2.14
      Goods..........................   -.34  -1.55   -.81   -.66   -.74    .35   -.67    .13   -.41    .51    .46    .67    .55   3.09   6.25   1.82
      Services.......................   -.03   -.23   -.39   -.05   -.04   -.25   -.01   -.05   -.22    .08   -.08    .21   -.17    .03    .34    .32

  Government consumption expenditures
   and gross investment..............    .68   -.34    .75    .06    .11    .21    .00    .82    .75    .31    .51    .71    .95    .24   -.52   1.12

    Federal..........................    .65   -.47    .79   -.24   -.03    .08   -.36    .50    .63    .19    .56    .55    .93    .49   -.33    .82
      National defense...............    .50   -.72    .46    .05   -.09    .38   -.37    .39    .46    .03    .39    .34    .93    .20   -.27    .67
        Consumption expenditures.....    .42   -.65    .40   -.11    .02    .24   -.31    .24    .43    .03    .27    .10    .81    .15   -.22    .52
        Gross investment.............    .08   -.07    .06    .15   -.11    .14   -.06    .15    .03    .00    .11    .24    .13    .05   -.05    .15
      Nondefense.....................    .15    .25    .32   -.29    .06   -.30    .01    .11    .17    .16    .17    .21    .00    .29   -.06    .15
        Consumption expenditures.....    .06    .15    .30   -.23    .06   -.30    .02    .08    .14    .16    .18    .16   -.02    .16    .06    .15
        Gross investment.............    .08    .10    .02   -.07    .01    .00   -.01    .03    .03    .00   -.01    .05    .02    .13   -.11    .00

    State and local..................    .04    .13   -.03    .30    .14    .14    .36    .32    .11    .12   -.05    .15    .01   -.25   -.19    .30
      Consumption expenditures.......    .10   -.01    .02    .08    .18    .24    .18    .21    .09    .07    .07    .02    .08    .04   -.04   -.01
      Gross investment...............   -.06    .14   -.05    .22   -.04   -.10    .18    .11    .02    .05   -.13    .14   -.06   -.28   -.15    .31

Addenda:
    Goods............................   1.22   1.41   3.17    .52    .03   1.94   -.22   1.64   1.88   1.95   -.55    .36  -1.91  -4.54  -2.19  -1.08
    Services.........................   1.89    .49   2.07   1.20   1.19   2.19   1.65   1.34   1.92   1.17    .94    .96   -.22    .46   -.53    .94
    Structures.......................   -.03    .19    .11   -.27  -1.12  -1.18   -.23    .24   -.21  -1.00  -1.12    .13   -.55  -1.30  -3.70   -.88
    Motor vehicle output.............    .72  -1.03    .43   -.25    .12   -.33   -.03    .17    .10   -.30   -.64  -1.08   -.15  -1.41  -1.69    .20
    Final sales of computers.........    .10    .19    .18    .11    .07    .13    .02    .15    .29    .19    .06    .16   -.02    .02    .06   -.04
-----------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                    Table 2A. Contributions to Percent Change in Real Gross Domestic Product--Continues
                                                      [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------------
                                       1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
-----------------------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product..........    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4    2.8    2.9    3.0    3.5    4.1    1.7
      Previously published..........    4.2    4.5    3.7     .8    1.6    2.5    3.6    2.9    2.8    2.0    1.1    3.0    3.5    3.6    2.5    3.0    2.6

Percentage points at annual rates:

  Personal consumption expenditures.   3.50   3.68   3.44   1.85   1.85   1.97   2.42   2.34   2.01   1.84   -.17   2.68   1.53   2.40   3.23   2.11   2.68
    Previously published............   3.36   3.44   3.17   1.74   1.90   1.94   2.56   2.13   2.13   1.95    .16   3.12   1.73   2.46   2.93   1.25   2.50

  Gross private domestic investment.   1.65   1.50   1.19  -1.24   -.22    .55   1.55    .92    .46   -.65  -1.18    .35   2.79    .88   1.40   1.47  -1.23
    Previously published............   1.63   1.33    .99  -1.39   -.41    .54   1.48    .95    .35   -.90  -1.02    .30   3.00   1.26   1.04   1.48   -.86

    Fixed investment................   1.70   1.52   1.24   -.32   -.70    .49   1.13   1.05    .39   -.35   -.81   -.12   1.93   1.36   1.10    .81   1.17
      Previously published..........   1.60   1.36   1.09   -.50   -.84    .51   1.10   1.08    .32   -.50   -.76   -.07   1.88   1.41   1.14    .85   1.21
      Nonresidential................   1.38   1.24   1.20   -.35   -.94    .10    .61    .69    .84    .70    .19   -.31   1.09   1.12    .92    .38    .61
        Previously published........   1.28   1.09   1.06   -.52  -1.06    .10    .56    .71    .77    .52    .17   -.28   1.00   1.16   1.00    .37    .64
        Structures..................    .16    .00    .24   -.05   -.58   -.10    .03    .04    .27    .49    .39   -.06    .12    .10    .01    .19   -.04
          Previously published......    .16   -.01    .21   -.07   -.55   -.11    .03    .03    .23    .40    .39   -.01    .15    .09    .00    .19   -.04
        Equipment and software......   1.22   1.24    .96   -.30   -.36    .20    .58    .65    .58    .20   -.20   -.25    .97   1.02    .91    .19    .65
          Previously published......   1.12   1.11    .85   -.44   -.51    .21    .53    .67    .54    .13   -.22   -.27    .85   1.07   1.01    .18    .68
          Information processing
           equipment and software...    .86    .90    .78   -.02   -.12    .26    .35    .27    .31    .29    .22    .05    .26    .29    .31    .21    .30
             Previously published...    .83    .85    .75   -.08   -.20    .22    .33    .29    .32    .34    .18    .04    .15    .24    .41    .23    .31
            Computers and peripheral
             equipment..............    .39    .37    .21    .02    .04    .06    .08    .07    .13    .11    .05   -.06    .07    .11    .14   -.05    .08
               Previously published.    .38    .37    .20    .02    .04    .09    .08    .10    .15    .11    .05   -.16    .04    .19    .24   -.06    .12
            Software................    .26    .33    .23    .01    .00    .12    .17    .11    .07    .11    .11    .09    .05    .21    .20    .03    .17
              Previously published..    .24    .30    .20   -.02   -.04    .07    .14    .11    .06    .15    .08    .14    .00    .11    .17    .07    .16
            Other...................    .21    .19    .35   -.06   -.15    .08    .11    .09    .10    .08    .06    .02    .14   -.04   -.03    .23    .04
              Previously published..    .21    .18    .35   -.08   -.19    .05    .12    .08    .11    .08    .05    .05    .12   -.06    .00    .22    .03
          Industrial equipment......    .07    .01    .14   -.12   -.10    .00   -.04    .10    .10    .06   -.05   -.20    .11    .15    .10    .12   -.06
            Previously published....    .06    .00    .12   -.14   -.11    .04   -.04    .10    .07    .02   -.06   -.14    .09    .19    .06    .12   -.04
          Transportation equipment..    .15    .29   -.04   -.15   -.14   -.12    .19    .16    .12   -.14   -.35   -.05    .48    .41    .40   -.22    .19
            Previously published....    .11    .25   -.07   -.18   -.16   -.12    .16    .17    .09   -.17   -.32   -.07    .52    .43    .40   -.20    .24
          Other equipment...........    .14    .04    .08   -.01   -.01    .06    .08    .12    .05   -.01   -.03   -.05    .12    .18    .11    .08    .23
            Previously published....    .12    .01    .05   -.04   -.04    .07    .07    .11    .05   -.07   -.02   -.10    .09    .20    .13    .04    .17
      Residential...................    .32    .28    .05    .03    .24    .40    .52    .36   -.45  -1.05  -1.00    .19    .83    .24    .18    .43    .56
        Previously published........    .32    .27    .03    .02    .22    .41    .53    .37   -.45  -1.02   -.93    .21    .89    .24    .14    .48    .57

    Change in private inventories...   -.05   -.02   -.05   -.92    .48    .06    .42   -.13    .07   -.30   -.37    .46    .87   -.48    .30    .66  -2.39
      Previously published..........    .03   -.03   -.10   -.88    .43    .04    .39   -.13    .03   -.40   -.26    .37   1.12   -.14   -.11    .63  -2.07
      Farm..........................   -.02   -.05    .01    .02   -.02    .03    .07   -.07   -.03    .03   -.04    .20    .50   -.34   -.11   -.35    .23
        Previously published........   -.02   -.05    .02    .02   -.02    .03    .06   -.06   -.03    .04    .02    .28    .37   -.32   -.14   -.22    .14
      Nonfarm.......................   -.03    .03   -.07   -.93    .50    .03    .35   -.06    .10   -.33   -.33    .27    .37   -.14    .40   1.00  -2.63
        Previously published........    .05    .02   -.12   -.90    .45    .00    .32   -.07    .06   -.44   -.28    .08    .75    .18    .03    .85  -2.20

  Net exports of goods and services.  -1.18   -.99   -.85   -.20   -.65   -.45   -.66   -.27   -.05    .63   1.20   -.54  -1.73   -.59   -.65    .39    .19
    Previously published............  -1.16   -.99   -.86   -.20   -.69   -.44   -.68   -.21   -.02    .58   1.40   -.75  -1.50   -.42  -1.07    .28    .79

    Exports.........................    .26    .47    .91   -.61   -.20    .15    .89    .67    .93    .96    .64    .91    .61    .29    .90    .75    .87
      Previously published..........    .27    .47    .93   -.60   -.23    .12    .93    .71    .96    .95    .76    .95    .64    .31    .97    .80    .89
      Goods.........................    .18    .29    .82   -.48   -.25    .12    .55    .52    .68    .57    .48    .43    .45    .34    .43    .57    .92
        Previously published........    .18    .29    .84   -.48   -.28    .12    .60    .54    .73    .59    .51    .49    .48    .42    .49    .49    .98
      Services......................    .08    .18    .08   -.13    .05    .03    .34    .15    .25    .39    .16    .48    .16   -.05    .47    .18   -.05
        Previously published........    .09    .18    .09   -.12    .06    .00    .33    .17    .23    .36    .25    .46    .16   -.11    .49    .31   -.09

    Imports.........................  -1.43  -1.45  -1.76    .41   -.46   -.60  -1.55   -.94   -.98   -.33    .56  -1.45  -2.34   -.88  -1.56   -.36   -.68
      Previously published..........  -1.43  -1.46  -1.79    .40   -.46   -.56  -1.61   -.93   -.98   -.37    .64  -1.70  -2.14   -.73  -2.04   -.52   -.10
      Goods.........................  -1.21  -1.31  -1.52    .39   -.42   -.55  -1.29   -.87   -.80   -.24    .58  -1.13  -2.12   -.82  -1.33   -.45   -.62
        Previously published........  -1.20  -1.31  -1.55    .39   -.41   -.56  -1.33   -.89   -.82   -.25    .65  -1.32  -1.92   -.69  -1.78   -.67   -.10
      Services......................   -.22   -.14   -.24    .02   -.04   -.04   -.26   -.07   -.18   -.09   -.02   -.32   -.22   -.06   -.23    .10   -.06
        Previously published........   -.23   -.15   -.25    .01   -.05    .00   -.27   -.04   -.16   -.12   -.01   -.37   -.21   -.05   -.26    .15    .00

  Government consumption expenditures
   and gross investment.............    .38    .63    .36    .67    .84    .42    .26    .06    .26    .32    .59    .36    .28    .28   -.46    .08    .08
     Previously published...........    .34    .67    .36    .60    .80    .47    .27    .07    .32    .40    .57    .29    .25    .30   -.35   -.04    .17

    Federal.........................   -.07    .12    .03    .24    .44    .43    .28    .09    .15    .09    .53    .35    .16    .48   -.34    .12    .02
      Previously published..........   -.07    .14    .05    .23    .43    .44    .29    .09    .16    .11    .43    .41    .17    .43   -.33    .08    .08
      National defense..............   -.09    .07   -.02    .14    .28    .36    .26    .07    .07    .10    .37    .27    .09    .54   -.47    .17    .14
        Previously published........   -.09    .08   -.02    .15    .29    .37    .27    .07    .08    .12    .35    .36    .09    .49   -.48    .14    .18
        Consumption expenditures....   -.10    .05   -.03    .12    .22    .31    .21    .04    .03    .07    .27    .27    .05    .38   -.41    .21    .03
          Previously published......   -.09    .05   -.03    .13    .23    .32    .21    .04    .04    .11    .27    .35    .03    .34   -.45    .22    .06
        Gross investment............    .01    .02    .01    .02    .06    .05    .05    .03    .04    .04    .10    .00    .05    .16   -.06   -.05    .11
          Previously published......    .01    .02    .01    .02    .06    .05    .06    .03    .04    .01    .08    .01    .06    .15   -.04   -.08    .12
      Nondefense....................    .02    .04    .05    .09    .15    .07    .02    .02    .07   -.01    .16    .08    .06   -.05    .13   -.05   -.12
        Previously published........    .02    .06    .07    .08    .14    .08    .03    .01    .08    .00    .08    .06    .08   -.06    .15   -.07   -.11
       Consumption expenditures.....   -.02    .01    .08    .10    .13    .06    .03    .01    .05   -.02    .14    .10    .02   -.03    .13   -.05   -.12
         Previously published.......   -.02    .04    .10    .08    .12    .07    .02    .00    .05    .00    .06    .07    .03   -.04    .12   -.03   -.12
       Gross investment.............    .03    .03   -.03    .00    .03    .00    .00    .01    .02    .00    .02   -.01    .04   -.02   -.01    .00    .00
         Previously published.......    .04    .02   -.03    .00    .02    .01    .00    .01    .03    .00    .02   -.02    .05   -.03    .03   -.03    .01

    State and local.................    .45    .51    .33    .43    .40   -.01   -.02   -.03    .11    .23    .06    .01    .12   -.20   -.11   -.04    .06
      Previously published..........    .41    .54    .31    .37    .37    .02   -.02   -.01    .16    .28    .14   -.12    .09   -.13   -.01   -.12    .10
        Consumption expenditures....    .38    .34    .21    .32    .32   -.03    .00    .04    .07    .17    .07    .06    .04    .00    .06    .04    .02
          Previously published......    .35    .36    .18    .24    .29    .00    .01    .01    .16    .20    .13   -.04    .02    .04    .11   -.13    .02
        Gross investment............    .06    .17    .12    .11    .08    .02   -.02   -.07    .04    .06   -.01   -.05    .08   -.20   -.18   -.07    .04
          Previously published......    .06    .18    .13    .13    .08    .02   -.03   -.03    .00    .09    .01   -.08    .07   -.17   -.12    .01    .08

Addenda:
    Goods...........................   1.86   2.23   1.54   -.50    .51    .98   1.44   1.22   1.40   1.01    .11    .51    .71   1.40   1.58   1.85    .09
      Previously published..........   1.95   2.05   1.46   -.59    .41   1.00   1.50   1.35   1.67    .97    .31    .68   1.10   2.06   1.18   1.12   1.49
    Services........................   2.02   2.22   2.26   1.51   1.54   1.19   1.65   1.54   1.45   1.61    .94   2.28   1.15   1.49   2.03   1.64   1.14
      Previously published..........   1.75   2.04   1.90   1.30   1.43   1.20   1.62   1.25   1.35   1.61   1.32   2.17   1.27   1.40   1.41   1.24    .59
    Structures......................    .47    .38    .34    .07   -.24    .31    .49    .30   -.18   -.49   -.61    .06   1.00    .09   -.10    .57    .48
      Previously published..........    .47    .36    .30    .04   -.24    .31    .51    .34   -.24   -.55   -.52    .10   1.11    .14   -.03    .62    .54
    Motor vehicle output............    .31    .37   -.06   -.16    .39    .04    .14    .13   -.04   -.04   -.52    .11   -.21    .61   -.04    .04    .21
      Previously published..........    .29    .35   -.07   -.17    .39    .05    .14    .13   -.03   -.03   -.50    .29   -.21    .87   -.34    .15    .24
    Final sales of computers........    .42    .41    .30    .13    .03    .12    .03    .11    .14    .13    .12   -.18    .00    .04    .18    .05    .18
      Previously published..........    .43    .42    .31    .14    .03    .15    .04    .15    .15    .13    .12   -.28   -.04    .13    .29    .06    .22
-----------------------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

                            Table 2A. Contributions to Percent Change in Real Gross Domestic Product--Table Ends
                                               [Quarters seasonally adjusted at annual rates]
---------------------------------------------------------------------------------------------------------------------------------------------
                                     III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09
---------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product..........    3.1    2.1    5.4    1.4     .1    3.0    1.2    3.2    3.6    2.1    -.7    1.5   -2.7   -5.4   -6.4
      Previously published..........    3.8    1.3    4.8    2.7     .8    1.5     .1    4.8    4.8    -.2     .9    2.8    -.5   -6.3   -5.5

Percentage points at annual rates:

  Personal consumption expenditures.   1.99    .71   3.08   1.48   1.70   2.79   2.54    .81   1.35    .86   -.39    .06  -2.49  -2.15    .44
    Previously published............   2.59    .94   2.86   1.88   1.52   2.55   2.71   1.42   1.44    .67    .61    .87  -2.75  -2.99    .95

  Gross private domestic investment.    .76   2.46   1.08   -.11   -.99  -1.99  -1.05    .92    .14  -1.29  -1.20  -1.66  -1.04  -3.91  -8.98
    Previously published............    .69   1.98   1.15   -.02   -.92  -2.68  -1.63    .94    .54  -1.93   -.89  -1.74    .06  -3.47  -8.20

    Fixed investment................    .86    .25   1.57   -.32   -.86   -.91   -.43    .59   -.04   -.66   -.99   -.41  -1.30  -3.28  -6.62
      Previously published..........    .88    .41   1.39   -.40   -.81  -1.27   -.57    .47   -.15   -.97   -.86   -.25   -.79  -3.36  -5.99
      Nonresidential................    .61    .25   1.84    .80    .49    .27    .46   1.25   1.10    .78    .25    .19   -.73  -2.47  -5.29
        Previously published........    .64    .40   1.62    .71    .59   -.09    .33   1.07    .91    .36    .26    .27   -.19  -2.56  -4.59
        Structures..................   -.24    .07    .52    .63    .32    .05    .50    .75    .91    .42    .27    .56    .00   -.31  -2.28
          Previously published......   -.26    .05    .42    .54    .42    .08    .35    .57    .65    .29    .30    .64    .36   -.38  -2.05
        Equipment and software......    .84    .18   1.32    .17    .17    .22   -.04    .51    .19    .36   -.02   -.38   -.73  -2.15  -3.01
          Previously published......    .90    .35   1.20    .16    .17   -.18   -.02    .50    .26    .07   -.04   -.37   -.55  -2.18  -2.54
          Information processing
           equipment and software...    .33    .15    .59    .10    .34    .11    .46    .19    .32    .53    .39    .26   -.17   -.70   -.79
             Previously published...    .36    .33    .61    .15    .34    .04    .57    .41    .31    .37    .27    .30   -.16   -.92   -.70
            Computers and peripheral
             equipment..............    .11    .18    .16    .09    .16    .01    .18    .02    .13    .20    .12    .03   -.19   -.19   -.08
               Previously published.    .09    .22    .16    .17    .13    .02    .17    .09    .12    .12    .10    .08   -.16   -.28   -.06
            Software................    .04    .01    .07    .07    .11    .13    .07    .12    .11    .20    .22    .09   -.06   -.17   -.47
              Previously published..    .04    .10    .03    .02    .07    .14    .21    .22    .10    .16    .16    .04   -.08   -.23   -.38
            Other...................    .17   -.04    .36   -.07    .06   -.03    .22    .05    .08    .12    .05    .14    .07   -.34   -.24
              Previously published..    .23    .02    .41   -.04    .14   -.11    .19    .09    .09    .10    .00    .18    .08   -.42   -.26
          Industrial equipment......    .20    .20   -.06    .34   -.05    .03   -.10    .45   -.03   -.22    .02   -.02   -.15   -.20   -.82
            Previously published....    .19    .19   -.07    .25   -.12   -.02   -.10    .34   -.04   -.20    .01   -.05   -.12   -.19   -.72
          Transportation equipment..    .31   -.22    .62   -.26   -.01    .05   -.22   -.30   -.18    .00   -.27   -.58   -.54   -.87   -.92
            Previously published....    .31   -.24    .52   -.25    .06   -.15   -.21   -.32   -.07   -.18   -.16   -.58   -.47   -.75   -.66
          Other equipment...........    .01    .04    .17   -.01   -.11    .03   -.18    .16    .08    .05   -.16   -.04    .13   -.38   -.48
            Previously published....    .04    .07    .15    .02   -.12   -.05   -.28    .07    .06    .08   -.16   -.04    .20   -.31   -.46
      Residential...................    .25    .01   -.27  -1.12  -1.36  -1.18   -.89   -.66  -1.14  -1.44  -1.24   -.60   -.57   -.81  -1.33
        Previously published........    .25    .01   -.23  -1.11  -1.40  -1.18   -.91   -.60  -1.06  -1.33  -1.12   -.52   -.60   -.80  -1.40

    Change in private inventories...   -.09   2.21   -.49    .22   -.13  -1.08   -.61    .32    .19   -.63   -.21  -1.25    .26   -.64  -2.36
      Previously published..........   -.19   1.56   -.24    .38   -.11  -1.41  -1.06    .47    .69   -.96   -.02  -1.50    .84   -.11  -2.20
      Farm..........................    .14   -.06    .04   -.36    .06    .08    .27   -.31    .06    .03   -.29    .34   -.09    .10    .05
        Previously published........    .19   -.15    .02   -.24    .00    .12   -.07    .14   -.08    .47   -.17   -.14    .01    .06    .05
      Nonfarm.......................   -.23   2.27   -.53    .58   -.19  -1.15   -.88    .64    .13   -.66    .08  -1.59    .35   -.74  -2.41
        Previously published........   -.39   1.71   -.26    .62   -.12  -1.52   -.99    .33    .77  -1.43    .15  -1.36    .83   -.17  -2.25

  Net exports of goods and services.   -.36   -.74    .44    .02   -.71   1.94   -.29    .66   1.36   2.24    .36   2.35   -.10    .45   2.64
    Previously published............   -.07  -1.26    .09    .59   -.12   1.33  -1.20   1.66   2.03    .94    .77   2.93   1.05   -.15   2.39

    Exports.........................    .01   1.03   1.64    .72    .06   1.84    .39    .58   1.99   1.65   -.02   1.47   -.48  -2.67  -3.95
      Previously published..........    .04   1.09   1.70    .58    .39   1.66    .06   1.01   2.54    .53    .63   1.54    .40  -3.44  -4.16
      Goods.........................   -.08    .81   1.23    .54    .01    .96    .23    .48   1.11    .97    .34   1.17   -.17  -2.50  -3.41
        Previously published........   -.06    .91   1.27    .49    .28    .78    .15    .55   1.66    .43    .39   1.39    .34  -3.38  -3.69
      Services......................    .09    .23    .41    .18    .05    .87    .16    .10    .88    .68   -.36    .30   -.31   -.17   -.54
        Previously published........    .10    .18    .42    .09    .11    .87   -.09    .46    .88    .10    .24    .15    .06   -.06   -.47

    Imports.........................   -.37  -1.78  -1.20   -.70   -.78    .10   -.68    .08   -.63    .60    .38    .88    .38   3.12   6.58
      Previously published..........   -.11  -2.35  -1.61    .01   -.51   -.33  -1.25    .65   -.51    .40    .14   1.39    .65   3.29   6.55
      Goods.........................   -.34  -1.55   -.81   -.66   -.74    .35   -.67    .13   -.41    .51    .46    .67    .55   3.09   6.25
        Previously published........   -.14  -2.18  -1.18   -.04   -.51    .13  -1.14    .59   -.34    .38    .29   1.14    .74   3.09   6.25
      Services......................   -.03   -.23   -.39   -.05   -.04   -.25   -.01   -.05   -.22    .08   -.08    .21   -.17    .03    .34
        Previously published........    .03   -.17   -.43    .05    .01   -.46   -.11    .06   -.17    .02   -.15    .25   -.09    .20    .29

  Government consumption expenditures
   and gross investment.............    .68   -.34    .75    .06    .11    .21    .00    .82    .75    .31    .51    .71    .95    .24   -.52
     Previously published...........    .65   -.34    .72    .23    .32    .30    .17    .77    .75    .16    .38    .78   1.14    .26   -.63

    Federal.........................    .65   -.47    .79   -.24   -.03    .08   -.36    .50    .63    .19    .56    .55    .93    .49   -.33
      Previously published..........    .66   -.53    .66   -.11    .13    .12   -.26    .47    .51   -.04    .41    .47    .97    .52   -.35
      National defense..............    .50   -.72    .46    .05   -.09    .38   -.37    .39    .46    .03    .39    .34    .93    .20   -.27
        Previously published........    .56   -.73    .39    .09   -.04    .32   -.29    .40    .48   -.04    .34    .36    .85    .18   -.37
        Consumption expenditures....    .42   -.65    .40   -.11    .02    .24   -.31    .24    .43    .03    .27    .10    .81    .15   -.22
          Previously published......    .45   -.70    .40   -.02    .00    .14   -.08    .28    .45   -.06    .31    .15    .72    .17   -.27
        Gross investment............    .08   -.07    .06    .15   -.11    .14   -.06    .15    .03    .00    .11    .24    .13    .05   -.05
          Previously published......    .11   -.02   -.01    .11   -.05    .18   -.21    .12    .03    .02    .04    .21    .14    .01   -.10
      Nondefense....................    .15    .25    .32   -.29    .06   -.30    .01    .11    .17    .16    .17    .21    .00    .29   -.06
        Previously published........    .10    .20    .27   -.20    .17   -.20    .03    .07    .03    .01    .06    .11    .12    .34    .02
       Consumption expenditures.....    .06    .15    .30   -.23    .06   -.30    .02    .08    .14    .16    .18    .16   -.02    .16    .06
         Previously published.......    .03    .10    .22   -.14    .15   -.20    .06    .02    .03   -.02    .06    .08    .11    .21    .12
       Gross investment.............    .08    .10    .02   -.07    .01    .00   -.01    .03    .03    .00   -.01    .05    .02    .13   -.11
         Previously published.......    .07    .10    .05   -.07    .03    .01   -.04    .05   -.01    .02    .01    .03    .00    .14   -.11

    State and local.................    .04    .13   -.03    .30    .14    .14    .36    .32    .11    .12   -.05    .15    .01   -.25   -.19
      Previously published..........   -.01    .19    .06    .34    .19    .18    .43    .30    .24    .19   -.03    .31    .17   -.25   -.28
        Consumption expenditures....    .10   -.01    .02    .08    .18    .24    .18    .21    .09    .07    .07    .02    .08    .04   -.04
          Previously published......    .06    .09    .23    .16    .24    .23    .20    .17    .15    .15    .14    .12    .11    .00   -.06
        Gross investment............   -.06    .14   -.05    .22   -.04   -.10    .18    .11    .02    .05   -.13    .14   -.06   -.28   -.15
          Previously published......   -.07    .10   -.18    .18   -.05   -.06    .24    .13    .09    .04   -.18    .19    .06   -.25   -.22

Addenda:
    Goods...........................   1.22   1.41   3.17    .52    .03   1.94   -.22   1.64   1.88   1.95   -.55    .36  -1.91  -4.54  -2.19
      Previously published..........   1.68    .65   3.40   1.84    .51    .42   -.80   3.08   2.71    .01    .29   1.49  -1.29  -6.16  -1.87
    Services........................   1.89    .49   2.07   1.20   1.19   2.19   1.65   1.34   1.92   1.17    .94    .96   -.22    .46   -.53
      Previously published..........   2.23    .52   1.48   1.26   1.29   2.19   1.26   1.61   2.35    .79   1.62   1.02    .87   1.17    .02
    Structures......................   -.03    .19    .11   -.27  -1.12  -1.18   -.23    .24   -.21  -1.00  -1.12    .13   -.55  -1.30  -3.70
      Previously published..........   -.06    .15   -.07   -.42  -1.00  -1.10   -.41    .09   -.30   -.97  -1.03    .32   -.09  -1.35  -3.64
    Motor vehicle output............    .72  -1.03    .43   -.25    .12   -.33   -.03    .17    .10   -.30   -.64  -1.08   -.15  -1.41  -1.69
      Previously published..........    .76  -1.22    .59   -.34    .40   -.65    .10    .13    .47   -.86   -.41  -1.01    .16  -2.01  -1.26
    Final sales of computers........    .10    .19    .18    .11    .07    .13    .02    .15    .29    .19    .06    .16   -.02    .02    .06
      Previously published..........    .07    .21    .16    .15    .04    .20   -.03    .21    .28    .14    .05    .17   -.01   -.02    .09
---------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

                                    Table 3A. Gross Domestic Product and Related Measures--Continues
                                                          [Billions of dollars]
-----------------------------------------------------------------------------------------------------------------------------------------
                                           1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
-----------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product.........  8,793.5  9,353.5  9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4

  Personal consumption expenditures...  5,918.5  6,342.8  6,830.4  7,148.8  7,439.2  7,804.0  8,285.1  8,819.0  9,322.7  9,826.4 10,129.9

    Goods.............................  2,110.0  2,290.0  2,459.1  2,534.0  2,610.0  2,727.4  2,892.3  3,073.9  3,221.7  3,365.0  3,403.2

      Durable goods...................    780.0    857.4    915.8    946.3    992.1  1,014.8  1,061.6  1,105.5  1,133.0  1,160.5  1,095.2
        Motor vehicles and parts......    320.2    350.7    363.2    383.3    401.3    401.5    404.7    409.6    397.1    400.3    342.3
        Furnishings and durable
         household equipment..........    173.6    191.2    208.1    214.9    225.9    233.3    249.2    263.9    276.5    279.8    270.1
        Recreational goods and
         vehicles.....................    192.1    212.7    234.1    239.8    251.5    262.6    284.3    303.4    323.4    337.7    339.9
        Other durable goods...........     94.2    102.7    110.4    108.4    113.4    117.4    123.4    128.6    136.0    142.7    142.8

      Nondurable goods................  1,330.0  1,432.6  1,543.4  1,587.7  1,617.9  1,712.6  1,830.7  1,968.4  2,088.7  2,204.5  2,308.0
        Food and beverages purchased
         for off-premises consumption.    486.5    513.6    537.5    559.7    569.6    593.1    628.2    665.0    698.0    740.1    784.3
        Clothing and footwear.........    257.8    271.1    280.8    277.9    278.8    287.0    300.0    315.5    330.1    341.2    337.5
        Gasoline and other energy
         goods........................    133.4    148.8    188.8    183.6    174.6    209.6    249.9    304.8    336.9    368.0    413.0
        Other nondurable goods........    452.3    499.2    536.2    566.5    594.9    622.9    652.6    683.0    723.7    755.2    773.2

    Services..........................  3,808.5  4,052.8  4,371.2  4,614.8  4,829.2  5,076.6  5,392.8  5,745.1  6,100.9  6,461.4  6,726.8
      Household consumption
       expenditures (for services)....  3,677.5  3,907.4  4,205.9  4,428.6  4,624.2  4,864.8  5,182.8  5,531.0  5,860.6  6,207.9  6,448.0
        Housing and utilities.........  1,065.2  1,125.0  1,198.6  1,287.7  1,334.8  1,393.8  1,462.2  1,582.8  1,686.0  1,763.1  1,843.7
        Health care...................    832.0    863.6    918.4    996.6  1,082.9  1,149.3  1,229.7  1,316.0  1,380.7  1,469.6  1,554.2
        Transportation services.......    227.2    243.3    262.3    262.7    256.7    263.1    273.2    285.9    297.0    307.4    307.8
        Recreation services...........    220.6    238.8    255.5    263.6    272.8    289.5    312.0    326.8    348.8    371.7    383.1
        Food services and
         accommodations...............    363.0    381.6    410.1    421.2    438.2    462.8    492.9    525.3    559.7    587.9    608.7
        Financial services and
         insurance....................    469.6    514.2    570.0    562.8    576.2    601.8    667.5    712.6    752.4    824.2    835.6
        Other services................    499.8    540.9    591.1    634.0    662.7    704.6    745.3    781.6    836.0    884.0    915.0
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    131.0    145.4    165.4    186.2    205.0    211.8    210.0    214.1    240.4    253.5    278.7
        Gross output of nonprofit
         institutions.................    550.5    585.3    632.0    688.0    749.7    785.8    827.7    874.6    933.6    987.5  1,049.4
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    419.6    439.9    466.6    501.8    544.7    574.0    617.7    660.6    693.3    734.0    770.7

  Gross private domestic investment...  1,510.8  1,641.5  1,772.2  1,661.9  1,647.0  1,729.7  1,968.6  2,172.2  2,327.2  2,288.5  2,136.1

    Fixed investment..................  1,447.1  1,580.7  1,717.7  1,700.2  1,634.9  1,713.3  1,903.6  2,122.3  2,267.2  2,269.1  2,170.8
      Nonresidential..................  1,061.1  1,154.9  1,268.7  1,227.8  1,125.4  1,135.7  1,223.0  1,347.3  1,505.3  1,640.2  1,693.6
        Structures....................    275.1    283.9    318.1    329.7    282.8    281.9    306.7    351.8    433.7    535.4    609.5
        Equipment and software........    786.0    871.0    950.5    898.1    842.7    853.8    916.4    995.6  1,071.7  1,104.8  1,084.1
          Information processing
           equipment and software.....    366.1    417.1    478.2    452.5    419.8    430.9    455.3    475.3    505.2    537.4    562.9
            Computers and peripheral
             equipment................     87.9     97.2    103.2     87.6     79.7     77.6     80.2     78.9     84.9     89.2     86.7
            Software..................    126.0    157.3    184.5    186.6    183.0    191.3    205.7    218.0    229.8    245.6    264.1
            Other.....................    152.2    162.5    190.6    178.4    157.0    162.0    169.4    178.4    190.6    202.5    212.1
          Industrial equipment........    147.4    149.1    162.9    151.9    141.7    142.6    142.0    159.6    178.4    193.2    193.8
          Transportation equipment....    147.1    174.4    170.8    154.2    141.6    132.9    161.1    181.7    198.2    181.7    132.3
          Other equipment.............    125.4    130.4    138.6    139.5    139.6    147.5    157.9    178.9    189.8    192.6    195.1
      Residential.....................    385.9    425.8    449.0    472.4    509.5    577.6    680.6    775.0    761.9    629.0    477.2

    Change in private inventories.....     63.7     60.8     54.5    -38.3     12.0     16.4     64.9     50.0     60.0     19.4    -34.8
      Farm............................      1.3     -2.7     -1.4       .0     -2.5       .1      8.8       .1     -3.6      -.6     -7.1
      Nonfarm.........................     62.5     63.5     55.9    -38.3     14.5     16.3     56.1     49.8     63.6     20.0    -27.7

  Net exports of goods and services...   -161.8   -262.1   -382.1   -371.0   -427.2   -504.1   -618.7   -722.7   -769.3   -713.8   -707.8

    Exports...........................    953.9    989.3  1,093.2  1,027.7  1,003.0  1,041.0  1,180.2  1,305.1  1,471.0  1,655.9  1,831.1
      Goods...........................    680.9    697.2    784.3    731.2    700.3    726.8    817.0    906.1  1,024.4  1,139.4  1,266.9
      Services........................    273.0    292.1    308.9    296.5    302.7    314.2    363.2    399.0    446.6    516.5    564.2

    Imports...........................  1,115.7  1,251.4  1,475.3  1,398.7  1,430.2  1,545.1  1,798.9  2,027.8  2,240.3  2,369.7  2,538.9
      Goods...........................    930.8  1,047.7  1,246.5  1,171.7  1,193.9  1,289.3  1,501.7  1,708.0  1,884.9  1,987.7  2,126.4
      Services........................    184.9    203.7    228.8    227.0    236.3    255.9    297.3    319.8    355.4    382.1    412.4

  Government consumption expenditures
   and gross investment...............  1,526.1  1,631.3  1,731.0  1,846.4  1,983.3  2,112.6  2,232.8  2,369.9  2,518.4  2,676.5  2,883.2

    Federal...........................    531.0    554.9    576.1    611.7    680.6    756.5    824.6    876.3    931.7    976.7  1,082.6
      National defense................    346.1    361.1    371.0    393.0    437.7    497.9    550.8    589.0    624.9    662.1    737.9
        Consumption expenditures......    300.3    313.0    321.8    342.0    380.7    435.2    481.2    514.8    543.9    574.9    634.0
        Gross investment..............     45.8     48.2     49.2     50.9     57.0     62.8     69.6     74.2     81.0     87.3    103.9
      Nondefense......................    184.9    193.8    205.0    218.7    242.9    258.5    273.9    287.3    306.8    314.5    344.7
        Consumption expenditures......    154.3    160.3    174.2    188.1    209.8    225.1    240.2    251.0    267.1    273.9    300.4
        Gross investment..............     30.7     33.4     30.9     30.6     33.1     33.5     33.7     36.3     39.7     40.6     44.3

    State and local...................    995.0  1,076.3  1,154.9  1,234.7  1,302.7  1,356.1  1,408.2  1,493.6  1,586.7  1,699.8  1,800.6
      Consumption expenditures........    808.6    870.6    930.6    994.2  1,049.4  1,096.5  1,139.1  1,212.0  1,282.3  1,366.1  1,452.4
      Gross investment................    186.4    205.7    224.3    240.5    253.3    259.6    269.1    281.6    304.4    333.7    348.2

  Addenda:
    Final sales of domestic product...  8,729.8  9,292.7  9,896.9 10,324.5 10,630.3 11,125.8 11,802.8 12,588.4 13,339.0 14,058.3 14,476.2
    Gross domestic purchases..........  8,955.3  9,615.6 10,333.5 10,657.2 11,069.5 11,646.3 12,486.4 13,361.1 14,168.2 14,791.4 15,149.2
    Final sales to domestic purchasers  8,891.6  9,554.7 10,279.0 10,695.4 11,057.5 11,629.9 12,421.5 13,311.2 14,108.3 14,772.0 15,183.9

    Gross domestic product............  8,793.5  9,353.5  9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4
    Plus: Income receipts
     from the rest of the world.......    286.2    319.5    380.5    323.0    313.5    353.3    448.6    573.0    721.1    861.8    809.2
    Less: Income payments to
     the rest of the world............    268.9    291.7    342.8    271.1    264.4    284.6    357.4    475.9    648.6    746.0    667.3
    Equals: Gross national product....  8,810.8  9,381.3  9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3

    Net domestic product..............  7,772.9  8,259.1  8,767.2  9,029.9  9,337.3  9,788.1 10,435.0 11,097.0 11,738.2 12,317.6 12,594.3
-----------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                         Table 3A. Gross Domestic Product and Related Measures--Continues
                                       [Billions of dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------
                                           I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
--------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product......... 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8 12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5

  Personal consumption expenditures...  8,105.3  8,209.4  8,330.7  8,494.9  8,609.6  8,747.2  8,908.8  9,010.3  9,148.2  9,266.6  9,391.8  9,484.1

    Goods.............................  2,835.0  2,862.8  2,899.4  2,971.8  2,997.4  3,047.3  3,124.5  3,126.6  3,180.8  3,206.5  3,250.5  3,249.1

      Durable goods...................  1,045.9  1,052.3  1,065.0  1,083.1  1,089.2  1,117.9  1,122.5  1,092.3  1,132.5  1,125.1  1,132.4  1,142.2
        Motor vehicles and parts......    400.8    400.7    404.3    413.3    408.6    425.1    425.4    379.5    395.5    394.5    400.4    398.1
        Furnishings and durable
         household equipment..........    244.1    246.9    251.0    254.7    257.4    262.5    264.7    271.0    278.1    275.0    276.0    277.0
        Recreational goods and
         vehicles.....................    278.2    281.7    286.7    290.6    296.7    302.3    304.2    310.1    322.7    320.3    320.9    329.9
        Other durable goods...........    122.8    123.0    123.1    124.7    126.5    128.0    128.1    131.8    136.2    135.4    135.0    137.2

      Nondurable goods................  1,789.2  1,810.5  1,834.4  1,888.7  1,908.1  1,929.4  2,002.0  2,034.2  2,048.3  2,081.4  2,118.1  2,106.9
        Food and beverages purchased
         for off-premises consumption.    616.1    623.7    629.9    643.0    650.1    659.0    671.0    680.0    684.9    692.3    699.8    714.8
        Clothing and footwear.........    298.7    296.6    299.6    305.2    309.7    315.6    313.9    323.0    326.3    327.2    330.7    336.0
        Gasoline and other energy
         goods........................    234.9    241.1    247.9    275.8    276.9    275.8    332.0    334.6    324.5    343.3    363.3    316.7
        Other nondurable goods........    639.5    649.1    657.0    664.7    671.5    678.9    685.1    696.7    712.6    718.6    724.4    739.3

    Services..........................  5,270.3  5,346.6  5,431.3  5,523.1  5,612.3  5,699.9  5,784.4  5,883.7  5,967.4  6,060.1  6,141.3  6,235.0
      Household consumption
       expenditures (for services)....  5,060.8  5,136.8  5,220.9  5,312.7  5,402.8  5,489.2  5,569.6  5,662.4  5,740.2  5,822.9  5,893.1  5,986.2
        Housing and utilities.........  1,429.7  1,448.7  1,468.8  1,501.7  1,532.2  1,566.1  1,598.4  1,634.7  1,645.8  1,677.0  1,705.7  1,715.3
        Health care...................  1,195.6  1,218.6  1,242.8  1,261.9  1,289.8  1,305.7  1,324.7  1,343.6  1,360.6  1,374.4  1,383.6  1,404.4
        Transportation services.......    269.9    271.3    274.0    277.7    280.4    283.8    288.2    291.2    292.5    296.6    297.8    301.0
        Recreation services...........    305.6    310.8    314.3    317.1    322.2    324.0    327.6    333.3    339.5    344.2    351.4    360.2
        Food services and
         accommodations...............    483.3    488.5    495.7    504.2    511.6    522.8    527.8    539.0    555.9    555.0    558.9    569.2
        Financial services and
         insurance....................    646.4    658.9    672.6    692.0    696.8    710.4    718.5    724.8    733.4    745.0    753.0    778.1
        Other services................    730.2    740.1    752.6    758.2    769.9    776.3    784.5    795.8    812.5    830.7    842.7    858.0
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    209.5    209.8    210.3    210.4    209.5    210.7    214.7    221.4    227.2    237.2    248.1    248.8
        Gross output of nonprofit
         institutions.................    807.8    821.2    836.0    845.8    858.2    865.2    878.8    896.4    912.8    928.6    940.5    952.5
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    598.3    611.5    625.6    635.4    648.7    654.4    664.1    675.0    685.6    691.4    692.4    703.6

  Gross private domestic investment...  1,853.6  1,956.0  2,001.3  2,063.2  2,130.7  2,115.2  2,166.6  2,276.3  2,336.5  2,352.1  2,333.5  2,286.5

    Fixed investment..................  1,802.2  1,880.0  1,940.6  1,991.8  2,040.0  2,099.4  2,155.6  2,194.1  2,270.6  2,279.7  2,264.4  2,254.2
      Nonresidential..................  1,164.6  1,204.4  1,244.0  1,279.1  1,305.2  1,334.9  1,362.9  1,386.3  1,457.2  1,495.3  1,522.7  1,546.1
        Structures....................    290.8    300.9    312.4    322.4    338.4    346.5    352.3    369.7    396.8    428.6    447.6    461.7
        Equipment and software........    873.8    903.5    931.5    956.7    966.8    988.4  1,010.6  1,016.5  1,060.5  1,066.7  1,075.1  1,084.4
          Information processing
           equipment and software.....    447.8    452.4    458.3    462.7    466.8    473.0    479.7    481.6    498.7    500.5    510.1    511.6
            Computers and peripheral
             equipment................     78.5     79.3     80.5     82.5     77.9     77.8     78.5     81.3     84.0     84.1     86.7     84.8
            Software..................    201.1    201.8    208.0    211.8    213.5    218.8    219.7    220.0    223.3    227.5    232.1    236.2
            Other.....................    168.2    171.3    169.8    168.4    175.4    176.3    181.6    180.3    191.4    188.9    191.4    190.5
          Industrial equipment........    134.9    139.4    144.8    149.0    154.3    154.2    161.2    168.9    168.0    180.7    181.4    183.7
          Transportation equipment....    141.2    156.6    167.4    179.3    174.8    181.1    188.1    182.8    203.8    195.5    195.3    198.2
          Other equipment.............    149.9    155.2    161.0    165.6    170.9    180.1    181.5    183.3    190.0    190.0    188.2    191.0
      Residential.....................    637.6    675.6    696.6    712.6    734.8    764.5    792.6    807.9    813.3    784.4    741.7    708.1

    Change in private inventories.....     51.4     76.0     60.8     71.5     90.7     15.9     11.0     82.2     66.0     72.4     69.1     32.3
      Farm............................      4.4     18.4      7.7      4.7     -6.5       .3      4.4      2.3      3.7     -8.1     -6.3     -3.6
      Nonfarm.........................     46.9     57.6     53.1     66.8     97.2     15.5      6.7     79.9     62.3     80.6     75.4     36.0

  Net exports of goods and services...   -546.3   -606.1   -635.9   -686.5   -677.4   -690.2   -734.0   -789.3   -775.8   -781.4   -805.7   -714.3

    Exports...........................  1,138.8  1,170.8  1,185.4  1,225.9  1,262.4  1,298.5  1,308.2  1,351.3  1,414.0  1,456.0  1,476.0  1,538.2
      Goods...........................    787.1    811.3    824.1    845.4    871.6    906.0    907.4    939.4    985.1  1,016.5  1,030.6  1,065.4
      Services........................    351.7    359.5    361.3    380.5    390.7    392.4    400.8    411.9    428.9    439.6    445.3    472.8

    Imports...........................  1,685.1  1,776.9  1,821.3  1,912.4  1,939.8  1,988.7  2,042.1  2,140.6  2,189.8  2,237.4  2,281.7  2,252.5
      Goods...........................  1,401.1  1,483.0  1,521.4  1,601.2  1,628.9  1,671.7  1,720.0  1,811.4  1,842.9  1,884.3  1,925.0  1,887.5
      Services........................    284.0    293.9    299.9    311.2    310.9    317.0    322.1    329.2    346.9    353.1    356.6    365.0

  Government consumption expenditures
   and gross investment...............  2,184.5  2,219.0  2,254.4  2,273.3  2,316.5  2,344.6  2,400.1  2,418.3  2,474.5  2,510.5  2,533.3  2,555.2

    Federal...........................    805.1    819.9    839.1    834.5    862.0    867.2    894.1    881.9    928.5    930.3    932.2    935.9
      National defense................    535.9    545.6    565.4    556.2    578.5    586.1    606.1    585.5    615.5    624.1    623.3    636.6
        Consumption expenditures......    470.2    477.7    492.5    484.4    507.5    511.7    529.4    510.7    538.3    541.2    543.7    552.3
        Gross investment..............     65.8     67.9     72.9     71.8     71.0     74.3     76.7     74.8     77.2     82.8     79.6     84.3
      Nondefense......................    269.2    274.2    273.7    278.3    283.5    281.1    288.0    296.4    313.0    306.2    308.9    299.3
        Consumption expenditures......    236.2    240.0    239.9    244.5    249.4    247.1    251.1    256.4    272.1    267.2    269.4    259.8
        Gross investment..............     33.0     34.3     33.8     33.7     34.1     34.1     36.8     40.0     40.9     39.0     39.4     39.5

    State and local...................  1,379.4  1,399.2  1,415.3  1,438.8  1,454.6  1,477.3  1,506.0  1,536.4  1,546.1  1,580.2  1,601.2  1,619.4
      Consumption expenditures........  1,116.8  1,129.1  1,144.0  1,166.3  1,182.0  1,198.4  1,222.9  1,244.8  1,254.5  1,274.6  1,292.7  1,307.6
      Gross investment................    262.6    270.0    271.3    272.5    272.6    278.9    283.1    291.6    291.6    305.6    308.5    311.8

  Addenda:
    Final sales of domestic product... 11,545.8 11,702.4 11,889.8 12,073.5 12,288.8 12,500.9 12,730.6 12,833.4 13,117.5 13,275.4 13,383.8 13,579.2
    Gross domestic purchases.......... 12,143.4 12,384.5 12,586.5 12,831.4 13,056.9 13,207.0 13,475.6 13,704.9 13,959.3 14,129.2 14,258.6 14,325.8
    Final sales to domestic purchasers 12,092.1 12,308.4 12,525.7 12,760.0 12,966.2 13,191.1 13,464.5 13,622.8 13,893.3 14,056.8 14,189.5 14,293.5

    Gross domestic product............ 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8 12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5
    Plus: Income receipts
     from the rest of the world.......    418.2    434.4    456.3    485.4    535.5    551.3    582.4    622.9    659.0    716.4    741.6    767.2
    Less: Income payments to
     the rest of the world............    307.6    348.6    359.5    413.8    428.7    455.1    475.3    544.5    578.5    640.9    679.7    695.5
    Equals: Gross national product.... 11,707.8 11,864.2 12,047.3 12,216.6 12,486.3 12,613.0 12,848.7 12,994.1 13,264.0 13,423.3 13,514.8 13,683.2

    Net domestic product.............. 10,200.5 10,358.8 10,506.1 10,674.5 10,883.8 10,992.6 11,185.6 11,326.0 11,565.5 11,699.7 11,777.7 11,910.2
--------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                               Table 3A. Gross Domestic Product and Related Measures--Table Ends
                              [Billions of dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------------------
                                           I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09    II 09
--------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product......... 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8

  Personal consumption expenditures...  9,658.5  9,762.5  9,865.6 10,019.2 10,095.1 10,194.7 10,220.1 10,009.8  9,987.7  9,989.0

    Goods.............................  3,306.3  3,338.2  3,366.6  3,448.9  3,447.2  3,474.9  3,463.0  3,227.5  3,197.7  3,185.8

      Durable goods...................  1,153.0  1,154.9  1,161.4  1,172.7  1,145.8  1,126.5  1,088.5  1,019.9  1,025.2  1,007.4
        Motor vehicles and parts......    399.6    401.3    398.3    401.9    382.7    357.5    332.7    296.4    300.6    294.8
        Furnishings and durable
         household equipment..........    281.7    279.0    279.3    279.3    275.8    276.2    269.4    259.1    255.7    251.3
        Recreational goods and
         vehicles.....................    331.8    333.0    339.5    346.5    342.6    347.5    342.0    327.3    329.6    321.8
        Other durable goods...........    139.8    141.7    144.2    145.0    144.7    145.2    144.3    137.1    139.3    139.5

      Nondurable goods................  2,153.3  2,183.3  2,205.2  2,276.2  2,301.4  2,348.4  2,374.5  2,207.6  2,172.4  2,178.3
        Food and beverages purchased
         for off-premises consumption.    727.1    732.1    742.7    758.4    770.1    786.3    793.4    787.5    786.5    788.0
        Clothing and footwear.........    342.7    338.8    340.1    343.3    341.3    344.2    338.0    326.5    327.9    322.7
        Gasoline and other energy
         goods........................    335.2    362.4    365.4    408.8    427.8    441.9    461.4    321.2    271.0    277.6
        Other nondurable goods........    748.3    750.0    756.9    765.6    762.4    776.0    781.7    772.5    787.0    790.0

    Services..........................  6,352.2  6,424.3  6,499.0  6,570.3  6,647.9  6,719.8  6,757.1  6,782.3  6,790.0  6,803.2
      Household consumption
       expenditures (for services)....  6,103.7  6,179.5  6,242.8  6,305.8  6,377.5  6,446.1  6,474.5  6,494.1  6,522.0  6,539.9
        Housing and utilities.........  1,741.4  1,755.8  1,770.4  1,784.8  1,811.9  1,838.6  1,852.2  1,872.1  1,878.8  1,873.0
        Health care...................  1,442.9  1,458.4  1,475.2  1,501.7  1,531.6  1,551.0  1,559.3  1,574.9  1,598.0  1,616.5
        Transportation services.......    304.7    306.4    308.7    309.9    308.0    308.3    309.1    305.7    301.6    300.2
        Recreation services...........    365.4    369.9    373.7    377.9    380.7    384.9    385.9    380.9    383.4    382.2
        Food services and
         accommodations...............    575.9    583.4    592.3    600.0    601.8    610.8    614.7    607.3    607.3    606.4
        Financial services and
         insurance....................    799.3    819.5    835.3    842.8    839.6    842.1    837.3    823.5    816.7    822.9
        Other services................    874.0    886.1    887.2    888.7    903.9    910.5    915.9    929.8    936.0    938.6
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    248.5    244.8    256.2    264.5    270.4    273.7    282.6    288.2    268.0    263.3
        Gross output of nonprofit
         institutions.................    971.7    978.2    990.1  1,010.0  1,031.3  1,044.9  1,055.2  1,066.1  1,060.8  1,064.2
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    723.1    733.4    733.9    745.5    760.9    771.2    772.7    778.0    792.7    800.9

  Gross private domestic investment...  2,267.2  2,302.0  2,311.9  2,272.9  2,214.8  2,164.6  2,142.7  2,022.1  1,689.9  1,585.5

    Fixed investment..................  2,254.1  2,278.6  2,280.8  2,263.0  2,223.0  2,214.0  2,179.7  2,066.6  1,817.2  1,741.6
      Nonresidential..................  1,574.1  1,623.5  1,665.2  1,697.9  1,705.0  1,719.7  1,711.0  1,638.7  1,442.6  1,395.9
        Structures....................    489.5    519.9    556.1    575.9    586.3    610.6    620.4    620.7    533.1    508.6
        Equipment and software........  1,084.6  1,103.5  1,109.1  1,122.0  1,118.7  1,109.2  1,090.6  1,018.0    909.5    887.4
          Information processing
           equipment and software.....    525.1    530.1    538.4    555.8    566.3    576.2    568.8    540.2    508.3    499.6
            Computers and peripheral
             equipment................     88.8     86.9     88.2     93.1     93.7     92.9     84.3     75.8     71.1     70.1
            Software..................    238.3    242.6    246.7    254.8    263.2    268.0    266.4    258.7    240.5    231.7
            Other.....................    197.9    200.6    203.6    208.0    209.5    215.3    218.1    205.6    196.7    197.8
          Industrial equipment........    182.1    198.8    199.0    192.9    195.3    197.3    194.8    187.9    157.8    151.3
          Transportation equipment....    192.3    183.0    176.5    175.1    164.3    143.8    125.9     95.3     65.4     72.5
          Other equipment.............    185.2    191.6    195.2    198.2    192.7    192.0    201.1    194.7    178.0    163.9
      Residential.....................    680.0    655.1    615.6    565.2    518.1    494.2    468.6    427.8    374.6    345.6

    Change in private inventories.....     13.1     23.5     31.0      9.8     -8.2    -49.3    -37.0    -44.5   -127.4   -156.0
      Farm............................      6.2     -3.9     -2.4     -2.5    -13.9     -3.2     -7.5     -3.7     -1.3      1.2
      Nonfarm.........................      6.8     27.4     33.4     12.4      5.7    -46.1    -29.4    -40.8   -126.1   -157.2

  Net exports of goods and services...   -729.4   -724.8   -698.4   -702.5   -744.4   -738.7   -757.5   -590.5   -378.5   -347.8

    Exports...........................  1,564.9  1,602.1  1,685.2  1,771.6  1,803.6  1,901.5  1,913.1  1,706.2  1,509.3  1,483.7
      Goods...........................  1,081.4  1,109.4  1,156.6  1,210.4  1,247.3  1,326.2  1,338.5  1,155.7    989.5    971.4
      Services........................    483.4    492.7    528.6    561.2    556.3    575.3    574.6    550.5    519.8    512.4

    Imports...........................  2,294.3  2,326.9  2,383.6  2,474.0  2,548.1  2,640.2  2,670.5  2,296.7  1,887.9  1,831.5
      Goods...........................  1,926.9  1,951.1  1,993.8  2,078.9  2,143.1  2,226.8  2,243.3  1,892.5  1,508.2  1,463.6
      Services........................    367.4    375.8    389.8    395.2    404.9    413.4    427.2    404.2    379.6    367.9

  Government consumption expenditures
   and gross investment...............  2,599.3  2,657.4  2,700.9  2,748.3  2,808.4  2,877.1  2,941.4  2,905.9  2,879.0  2,923.0

    Federal...........................    942.8    968.1    991.4  1,004.3  1,038.3  1,069.5  1,108.3  1,114.3  1,106.7  1,137.4
      National defense................    636.7    656.6    674.4    680.8    703.6    725.6    763.6    758.9    750.7    775.4
        Consumption expenditures......    554.3    568.8    585.1    591.4    609.7    622.4    655.2    648.8    642.9    662.4
        Gross investment..............     82.5     87.8     89.3     89.4     93.9    103.2    108.4    110.1    107.8    113.0
      Nondefense......................    306.1    311.6    317.0    323.6    334.8    343.9    344.7    355.3    356.0    362.0
        Consumption expenditures......    266.8    271.2    275.6    282.1    293.5    300.8    300.7    306.6    311.3    317.4
        Gross investment..............     39.3     40.4     41.4     41.5     41.2     43.1     44.0     48.8     44.7     44.6

    State and local...................  1,656.5  1,689.3  1,709.5  1,743.9  1,770.1  1,807.6  1,833.1  1,791.7  1,772.3  1,785.6
      Consumption expenditures........  1,331.2  1,357.3  1,373.6  1,402.5  1,429.3  1,458.3  1,480.4  1,441.7  1,424.4  1,429.3
      Gross investment................    325.4    332.0    335.9    341.4    340.8    349.2    352.7    350.0    347.9    356.3

  Addenda:
    Final sales of domestic product... 13,782.5 13,973.7 14,148.8 14,328.0 14,382.1 14,547.1 14,583.7 14,391.8 14,305.3 14,305.8
    Gross domestic purchases.......... 14,525.0 14,722.0 14,878.3 15,040.3 15,118.3 15,236.4 15,304.2 14,937.8 14,556.5 14,497.5
    Final sales to domestic purchasers 14,511.9 14,698.5 14,847.3 15,030.5 15,126.5 15,285.7 15,341.1 14,982.3 14,683.9 14,653.6

    Gross domestic product............ 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
    Plus: Income receipts
     from the rest of the world.......    787.9    852.1    897.6    909.4    856.3    840.5    825.6    714.4    579.6    .....
    Less: Income payments to
     the rest of the world............    724.0    776.0    759.1    725.1    685.3    711.6    664.8    607.4    479.7    .....
    Equals: Gross national product.... 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14,707.5 14,454.3 14,277.9    .....

    Net domestic product.............. 12,068.8 12,247.9 12,408.7 12,545.1 12,560.2 12,662.2 12,688.5 12,466.4 12,294.4 12,275.7
--------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                  Table 3B. Real Gross Domestic Product and Related Measures--Continues
                                                  [Billions of chained (2005) dollars]
-----------------------------------------------------------------------------------------------------------------------------------------
                                           1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
-----------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product......... 10,283.5 10,779.8 11,226.0 11,347.2 11,553.0 11,840.7 12,263.8 12,638.4 12,976.2 13,254.1 13,312.2

  Personal consumption expenditures...  6,865.5  7,240.9  7,608.1  7,813.9  8,021.9  8,247.6  8,532.7  8,819.0  9,073.5  9,313.9  9,290.9

    Goods.............................  2,218.6  2,395.3  2,521.7  2,600.9  2,706.6  2,829.9  2,955.3  3,073.9  3,173.9  3,273.7  3,206.0

      Durable goods...................    667.2    753.8    819.9    864.4    930.0    986.1  1,051.0  1,105.5  1,150.4  1,199.9  1,146.3
        Motor vehicles and parts......    316.1    345.1    356.1    374.3    394.0    405.3    411.3    409.6    396.6    402.4    347.5
        Furnishings and durable
         household equipment..........    157.3    175.5    192.4    202.2    217.0    230.6    249.3    263.9    277.9    283.6    275.5
        Recreational goods and
         vehicles.....................    121.2    147.0    172.7    189.8    212.9    237.0    269.4    303.4    343.2    382.4    403.0
        Other durable goods...........     86.4     96.7    105.3    103.0    109.8    115.5    121.7    128.6    133.4    134.5    128.0

      Nondurable goods................  1,580.3  1,660.9  1,714.7  1,745.6  1,780.2  1,845.6  1,904.6  1,968.4  2,023.6  2,074.8  2,057.3
        Food and beverages purchased
         for off-premises consumption.    565.5    587.4    600.6    607.6    609.0    622.4    639.2    665.0    686.2    700.7    700.7
        Clothing and footwear.........    231.0    246.2    258.1    260.5    268.5    283.4    297.3    315.5    331.5    345.9    345.0
        Gasoline and other energy
         goods........................    283.8    292.5    287.1    289.2    294.0    302.2    306.5    304.8    298.4    300.7    287.4
        Other nondurable goods........    514.4    546.3    574.2    592.9    612.5    640.1    662.6    683.0    708.4    729.4    728.7

    Services..........................  4,661.8  4,852.8  5,093.3  5,218.7  5,318.1  5,418.4  5,577.6  5,745.1  5,899.7  6,040.8  6,083.1
      Household consumption
       expenditures (for services)....  4,510.6  4,690.4  4,917.8  5,028.8  5,109.3  5,199.0  5,359.3  5,531.0  5,664.4  5,796.1  5,817.6
        Housing and utilities.........  1,329.8  1,371.8  1,413.7  1,451.5  1,462.0  1,480.2  1,512.8  1,582.8  1,616.7  1,631.8  1,647.2
        Health care...................  1,029.5  1,045.6  1,081.5  1,135.4  1,202.3  1,229.4  1,268.6  1,316.0  1,340.0  1,375.5  1,416.4
        Transportation services.......    259.2    273.5    286.2    283.6    275.8    276.7    283.2    285.9    285.0    288.3    273.8
        Recreation services...........    273.3    286.6    295.2    294.9    296.7    305.5    320.7    326.8    337.5    350.0    349.8
        Food services and
         accommodations...............    439.2    450.0    470.5    469.9    477.2    493.6    508.8    525.3    541.6    547.7    545.4
        Financial services and
         insurance....................    558.6    605.6    665.4    660.7    658.3    657.8    691.8    712.6    735.4    772.3    759.8
        Other services................    621.7    656.7    704.2    732.6    737.0    755.7    773.5    781.6    808.3    831.0    825.7
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    153.9    165.0    177.8    191.4    209.0    219.3    218.3    214.1    235.4    244.9    266.6
        Gross output of nonprofit
         institutions.................    696.7    721.0    749.0    785.3    831.1    844.0    860.6    874.6    901.0    924.6    956.7
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    546.0    558.6    573.0    595.2    622.5    624.5    642.3    660.6    665.8    680.0    691.0

  Gross private domestic investment...  1,695.1  1,844.3  1,970.3  1,831.9  1,807.0  1,871.6  2,058.2  2,172.2  2,230.4  2,146.2  1,989.4

    Fixed investment..................  1,630.4  1,782.1  1,913.8  1,877.6  1,798.1  1,856.2  1,992.5  2,122.3  2,171.3  2,126.3  2,018.4
      Nonresidential..................  1,087.4  1,200.9  1,318.5  1,281.8  1,180.2  1,191.0  1,263.0  1,347.3  1,453.9  1,544.3  1,569.7
        Structures....................    407.7    408.2    440.0    433.3    356.6    343.0    346.7    351.8    384.0    441.4    486.8
        Equipment and software........    710.4    810.9    895.8    866.9    830.3    851.4    917.3    995.6  1,069.6  1,097.0  1,068.6
          Information processing
           equipment and software.....    271.1    332.0    391.9    390.2    379.3    405.0    443.1    475.3    514.8    555.7    588.8
            Computers and peripheral
             equipment................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
            Software..................    122.8    151.5    172.4    173.7    173.4    185.6    204.6    218.0    227.1    241.5    257.0
            Other.....................    125.5    139.9    168.4    163.2    148.4    156.4    168.1    178.4    191.2    202.3    211.1
          Industrial equipment........    160.8    161.8    175.8    162.8    151.9    151.6    147.4    159.6    172.9    180.9    174.7
          Transportation equipment....    162.0    190.3    186.2    169.6    154.2    140.4    162.3    181.7    196.5    177.4    128.9
          Other equipment.............    138.8    142.4    150.4    149.3    148.2    155.0    164.4    178.9    185.5    184.1    180.3
      Residential.....................    540.4    574.2    580.0    583.3    613.8    664.3    729.5    775.0    718.2    585.0    451.1

    Change in private inventories.....     71.6     68.5     60.2    -41.8     12.8     17.3     66.3     50.0     59.4     19.5    -25.9
      Farm............................      1.6     -3.7     -1.8       .1     -3.1       .1      7.9       .1     -3.7      -.8     -5.3
      Nonfarm.........................     69.5     70.8     61.2    -41.5     15.6     17.2     58.3     49.8     63.2     20.4    -20.4

  Net exports of goods and services...   -252.6   -356.6   -451.6   -472.1   -548.8   -603.9   -688.0   -722.7   -729.2   -647.7   -494.3

    Exports...........................  1,048.5  1,094.3  1,188.3  1,121.6  1,099.2  1,116.8  1,222.8  1,305.1  1,422.0  1,546.1  1,629.3
      Goods...........................    732.2    760.0    844.3    792.0    763.5    777.2    842.9    906.1    991.4  1,064.8  1,127.5
      Services........................    316.4    334.6    343.5    329.3    335.6    339.6    380.0    399.0    430.6    481.3    501.7

    Imports...........................  1,301.1  1,450.9  1,639.9  1,593.8  1,648.0  1,720.7  1,910.8  2,027.8  2,151.2  2,193.8  2,123.5
      Goods...........................  1,072.3  1,206.0  1,367.9  1,324.2  1,373.4  1,440.9  1,599.7  1,708.0  1,808.8  1,839.6  1,767.3
      Services........................    229.4    244.9    271.7    269.6    274.5    279.8    311.0    319.8    342.4    354.2    356.5

  Government consumption expenditures
   and gross investment...............  1,985.0  2,056.1  2,097.8  2,178.3  2,279.6  2,330.5  2,362.0  2,369.9  2,402.1  2,443.1  2,518.1

    Federal...........................    681.4    694.6    698.1    726.5    779.5    831.1    865.0    876.3    894.9    906.4    975.9
      National defense................    447.5    455.8    453.5    470.7    505.3    549.2    580.4    589.0    598.4    611.5    659.4
        Consumption expenditures......    401.2    407.6    403.9    418.5    445.8    484.1    509.4    514.8    519.1    527.4    561.6
        Gross investment..............     47.5     49.3     50.3     52.7     59.6     65.3     71.1     74.2     79.4     84.3     98.4
      Nondefense......................    233.7    238.7    244.4    255.5    273.9    281.7    284.6    287.3    296.6    294.9    316.4
        Consumption expenditures......    201.2    202.9    212.4    224.2    239.7    247.1    250.2    251.0    257.5    255.2    273.5
        Gross investment..............     32.0     34.8     31.6     31.3     34.2     34.6     34.4     36.3     39.1     39.7     43.0

    State and local...................  1,303.8  1,361.8  1,400.1  1,452.3  1,500.6  1,499.7  1,497.1  1,493.6  1,507.2  1,536.7  1,543.7
      Consumption expenditures........  1,070.8  1,109.5  1,133.7  1,172.6  1,211.3  1,207.5  1,207.4  1,212.0  1,220.7  1,242.6  1,251.5
      Gross investment................    233.7    252.7    266.6    279.7    289.4    292.2    289.8    281.6    286.4    294.0    292.3

  Residual............................   -148.0    -89.6    -46.6    -46.8    -31.0    -18.1     -5.5       .2     -4.1     -8.7     -1.2

  Addenda:
    Final sales of domestic product... 10,217.1 10,715.7 11,167.5 11,391.7 11,543.5 11,824.8 12,198.2 12,588.4 12,917.1 13,234.3 13,341.2
    Gross domestic purchases.......... 10,539.9 11,141.1 11,681.4 11,825.7 12,107.7 12,449.2 12,952.5 13,361.1 13,705.7 13,901.6 13,801.2
    Final sales to domestic purchasers 10,473.5 11,077.0 11,623.1 11,870.8 12,098.4 12,433.4 12,886.8 13,311.2 13,646.5 13,881.9 13,829.8

    Gross domestic product............ 10,283.5 10,779.8 11,226.0 11,347.2 11,553.0 11,840.7 12,263.8 12,638.4 12,976.2 13,254.1 13,312.2
    Plus: Income receipts
     from the rest of the world.......    337.6    371.0    431.1    358.8    343.1    377.7    465.1    573.0    697.8    811.9    739.3
    Less: Income payments to
     the rest of the world............    317.5    339.1    388.7    301.5    289.4    304.3    370.5    475.9    628.0    703.2    609.1
    Equals: Gross national product.... 10,304.0 10,812.1 11,268.8 11,404.6 11,606.9 11,914.2 12,358.5 12,735.5 13,046.1 13,362.8 13,442.6

    Net domestic product..............  9,168.7  9,584.7  9,946.3  9,996.9 10,153.2 10,399.4 10,775.5 11,097.0 11,377.8 11,593.9 11,597.1
-----------------------------------------------------------------------------------------------------------------------------------------
  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 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.
  See "Explanatory Note" at the end of the tables.

                                      Table 3B. Real Gross Domestic Product and Related Measures--Continues
                                [Billions of chained (2005) dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------
                                           I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
--------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product......... 12,127.6 12,213.8 12,303.5 12,410.3 12,534.1 12,587.5 12,683.2 12,748.7 12,915.9 12,962.5 12,965.9 13,060.7

  Personal consumption expenditures...  8,437.6  8,483.2  8,555.8  8,654.2  8,719.0  8,802.9  8,865.6  8,888.5  8,986.6  9,035.0  9,090.7  9,181.6

    Goods.............................  2,919.4  2,931.8  2,966.4  3,003.6  3,032.6  3,075.1  3,098.4  3,089.5  3,145.7  3,150.8  3,176.4  3,222.5

      Durable goods...................  1,031.0  1,038.3  1,058.7  1,076.1  1,083.3  1,113.6  1,126.7  1,098.4  1,142.3  1,139.4  1,152.1  1,167.9
        Motor vehicles and parts......    409.2    407.5    412.3    416.3    408.8    423.7    427.6    378.5    393.3    393.2    400.3    399.7
        Furnishings and durable
         household equipment..........    243.4    246.7    252.3    254.8    257.0    261.0    265.4    272.2    279.3    276.2    277.6    278.8
        Recreational goods and
         vehicles.....................    258.7    264.3    273.4    281.4    291.6    299.8    305.3    316.7    334.5    336.6    343.0    358.8
        Other durable goods...........    120.9    120.6    121.3    123.9    125.9    129.1    128.3    131.1    135.5    133.8    131.9    132.2

      Nondurable goods................  1,888.9  1,894.0  1,907.8  1,927.6  1,949.6  1,961.5  1,971.8  1,990.7  2,003.7  2,011.6  2,024.5  2,054.7
        Food and beverages purchased
         for off-premises consumption.    634.5    635.7    639.1    647.6    656.6    658.6    669.9    674.9    676.7    684.2    686.6    697.5
        Clothing and footwear.........    296.4    292.9    296.9    303.0    307.4    314.7    315.1    325.0    329.5    327.2    331.7    337.5
        Gasoline and other energy
         goods........................    306.9    307.5    305.6    306.1    309.8    306.4    302.7    300.3    296.4    297.2    300.0    299.9
        Other nondurable goods........    652.7    659.5    667.0    671.2    676.1    681.6    683.8    690.7    701.9    703.7    706.9    721.1

    Services..........................  5,518.3  5,551.7  5,589.6  5,650.8  5,686.4  5,727.9  5,767.1  5,798.9  5,841.0  5,884.2  5,914.3  5,959.4
      Household consumption
       expenditures (for services)....  5,298.3  5,333.6  5,372.6  5,432.7  5,473.0  5,514.2  5,554.4  5,582.5  5,618.2  5,652.1  5,671.4  5,716.0
        Housing and utilities.........  1,496.4  1,504.5  1,512.7  1,537.4  1,556.6  1,577.7  1,594.3  1,602.8  1,598.9  1,617.8  1,627.6  1,622.5
        Health care...................  1,247.4  1,260.9  1,277.6  1,288.7  1,304.4  1,311.1  1,321.3  1,327.0  1,337.3  1,339.2  1,335.8  1,347.7
        Transportation services.......    280.8    283.2    283.7    285.2    285.2    286.1    287.2    285.1    283.2    284.7    284.5    287.5
        Recreation services...........    317.3    320.6    322.2    322.8    326.0    326.2    326.5    328.4    332.4    334.0    338.1    345.2
        Food services and
         accommodations...............    506.1    506.2    509.0    513.8    516.5    524.5    527.2    533.0    544.7    538.7    538.7    544.4
        Financial services and
         insurance....................    683.1    686.7    690.6    706.6    703.2    710.8    717.2    719.3    726.0    731.3    735.6    748.8
        Other services................    767.2    771.7    776.9    778.1    781.0    777.9    780.7    786.8    795.8    806.3    811.0    820.1
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    220.0    218.1    217.0    218.2    213.4    213.7    212.8    216.4    222.8    232.1    243.1    243.6
        Gross output of nonprofit
         institutions.................    851.5    856.3    864.1    870.5    871.6    872.2    874.5    880.3    891.5    899.0    903.7    909.8
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    631.4    638.3    647.1    652.3    658.2    658.5    661.7    663.8    668.7    667.0    660.9    666.5

  Gross private domestic investment...  1,970.0  2,055.6  2,082.2  2,125.2  2,170.3  2,131.5  2,154.9  2,232.2  2,264.7  2,261.2  2,229.6  2,166.0

    Fixed investment..................  1,918.6  1,977.7  2,019.7  2,053.9  2,079.2  2,116.0  2,143.0  2,151.0  2,200.2  2,189.9  2,162.2  2,132.9
      Nonresidential..................  1,214.3  1,247.0  1,281.2  1,309.6  1,321.5  1,340.8  1,359.7  1,367.3  1,424.9  1,450.3  1,466.0  1,474.5
        Structures....................    341.9    345.9    349.4    349.7    356.0    354.6    347.2    349.3    364.8    383.7    393.2    394.6
        Equipment and software........    874.4    902.5    932.5    959.8    965.6    986.0  1,012.5  1,018.2  1,060.7  1,066.3  1,072.0  1,079.3
          Information processing
           equipment and software.....    431.4    438.6    446.7    455.6    462.0    471.2    481.5    486.4    505.7    508.9    520.4    524.1
            Computers and peripheral
             equipment................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
            Software..................    199.1    200.4    206.6    212.5    213.4    218.6    219.9    220.1    222.4    224.8    228.5    232.8
            Other.....................    166.0    169.9    168.7    167.8    174.9    176.3    181.7    180.6    192.2    189.8    191.9    191.0
          Industrial equipment........    141.9    145.2    149.7    152.7    156.2    154.4    160.7    167.2    165.1    176.2    174.7    175.6
          Transportation equipment....    142.5    156.8    169.0    181.1    174.3    180.1    189.7    182.7    202.6    194.1    193.7    195.5
          Other equipment.............    158.2    161.7    167.2    170.6    173.2    180.3    180.5    181.7    187.3    187.0    183.4    184.3
      Residential.....................    704.5    731.0    738.4    744.2    757.7    775.3    783.3    783.5    775.2    740.1    697.4    660.2

    Change in private inventories.....     52.4     78.7     62.7     71.6     91.4     15.5     11.8     81.0     65.8     72.5     67.5     31.8
      Farm............................      3.2     17.7      7.0      3.7     -6.9       .2      4.6      2.6      3.8     -8.2     -6.3     -4.1
      Nonfarm.........................     49.4     60.2     55.7     68.1     98.4     15.3      7.2     78.4     62.3     80.4     73.9     36.2

  Net exports of goods and services...   -632.5   -687.1   -705.7   -726.7   -714.8   -709.4   -721.4   -745.3   -732.6   -732.8   -756.5   -694.9

    Exports...........................  1,197.3  1,216.0  1,225.0  1,252.9  1,276.2  1,303.5  1,303.9  1,336.7  1,388.8  1,412.1  1,414.1  1,473.2
      Goods...........................    824.0    837.7    848.3    861.6    879.2    908.1    905.7    931.3    970.3    987.8    988.3  1,019.2
      Services........................    373.4    378.3    376.8    391.4    397.0    395.4    398.2    405.4    418.5    424.3    425.8    453.9

    Imports...........................  1,829.8  1,903.1  1,930.7  1,979.7  1,991.0  2,012.9  2,025.2  2,082.0  2,121.3  2,144.9  2,170.5  2,168.1
      Goods...........................  1,526.4  1,592.9  1,618.8  1,660.7  1,675.0  1,694.9  1,706.3  1,755.7  1,782.7  1,804.7  1,829.3  1,818.6
      Services........................    303.1    310.1    311.9    319.0    316.0    318.0    318.9    326.2    338.6    340.1    341.3    349.5

  Government consumption expenditures
   and gross investment...............  2,354.9  2,363.5  2,372.1  2,357.6  2,359.9  2,362.4  2,383.9  2,373.4  2,397.1  2,399.1  2,402.7  2,409.4

    Federal...........................    856.6    861.4    876.4    865.6    869.2    870.0    890.4    875.6    900.5    892.8    892.0    894.4
      National defense................    573.5    576.5    593.2    578.4    583.6    588.0    603.7    580.9    595.6    597.2    594.3    606.5
        Consumption expenditures......    505.6    507.0    518.9    505.9    512.5    513.6    526.9    506.4    519.2    515.9    516.7    524.5
        Gross investment..............     68.0     69.6     74.3     72.5     71.1     74.5     76.8     74.5     76.4     81.4     77.6     82.1
      Nondefense......................    283.1    284.9    283.2    287.1    285.6    282.0    286.7    294.7    305.0    295.7    297.7    287.8
        Consumption expenditures......    249.1    249.8    248.8    253.0    251.4    247.9    249.9    254.8    264.4    257.3    259.0    249.2
        Gross investment..............     34.0     35.1     34.5     34.2     34.2     34.1     36.8     39.9     40.5     38.4     38.7     38.7

    State and local...................  1,498.4  1,502.2  1,495.7  1,492.0  1,490.7  1,492.4  1,493.5  1,497.7  1,496.6  1,506.3  1,510.8  1,515.0
      Consumption expenditures........  1,206.0  1,207.2  1,207.2  1,209.1  1,210.2  1,210.7  1,213.7  1,213.5  1,214.1  1,216.5  1,222.3  1,230.0
      Gross investment................    292.5    295.1    288.5    282.9    280.5    281.7    279.8    284.2    282.5    289.7    288.4    285.1

  Residual............................    -10.2     -7.0     -3.9     -1.4     -1.4       .2       .7       .4     -4.0     -2.8     -3.8     -6.3

  Addenda:
    Final sales of domestic product... 12,076.2 12,136.3 12,241.1 12,339.2 12,443.2 12,572.0 12,671.2 12,667.2 12,851.3 12,891.0 12,898.3 13,027.8
    Gross domestic purchases.......... 12,762.3 12,901.4 13,009.5 13,136.8 13,249.0 13,296.8 13,404.4 13,494.2 13,648.7 13,695.5 13,722.8 13,755.7
    Final sales to domestic purchasers 12,710.9 12,823.8 12,947.0 13,065.6 13,158.0 13,281.4 13,392.4 13,412.9 13,584.1 13,624.1 13,655.2 13,722.8

    Gross domestic product............ 12,127.6 12,213.8 12,303.5 12,410.3 12,534.1 12,587.5 12,683.2 12,748.7 12,915.9 12,962.5 12,965.9 13,060.7
    Plus: Income receipts
     from the rest of the world.......    439.6    452.0    471.6    497.3    543.7    555.5    579.4    613.6    644.6    694.7    714.0    737.8
    Less: Income payments to
     the rest of the world............    323.4    362.8    371.6    424.0    435.3    458.5    473.0    536.7    566.4    621.9    654.9    668.9
    Equals: Gross national product.... 12,243.7 12,303.0 12,403.5 12,483.7 12,642.6 12,684.5 12,789.5 12,825.6 12,994.2 13,035.4 13,025.1 13,129.5

    Net domestic product.............. 10,657.8 10,731.7 10,809.1 10,903.5 11,014.9 11,054.5 11,134.9 11,183.7 11,338.6 11,371.5 11,360.6 11,440.3
--------------------------------------------------------------------------------------------------------------------------------------------------
  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 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.
  See "Explanatory Note" at the end of the tables.

                             Table 3B. Real Gross Domestic Product and Related Measures--Table Ends
                       [Billions of chained (2005) dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------------------
                                           I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09    II 09
--------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product......... 13,099.9 13,204.0 13,321.1 13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4

  Personal consumption expenditures...  9,265.1  9,291.5  9,335.6  9,363.6  9,349.6  9,351.0  9,267.7  9,195.3  9,209.2  9,180.5

    Goods.............................  3,253.9  3,255.4  3,280.6  3,304.8  3,262.1  3,257.8  3,193.6  3,110.4  3,129.8  3,097.9

      Durable goods...................  1,183.7  1,189.9  1,205.0  1,221.2  1,193.2  1,175.7  1,139.6  1,076.8  1,087.2  1,067.5
        Motor vehicles and parts......    402.4    404.1    400.5    402.6    384.4    361.4    337.8    306.2    311.2    301.5
        Furnishings and durable
         household equipment..........    284.1    281.2    283.6    285.6    280.9    282.6    274.4    264.2    259.4    254.1
        Recreational goods and
         vehicles.....................    366.9    373.1    388.1    401.6    399.8    410.3    407.6    394.3    403.1    399.0
        Other durable goods...........    132.3    133.8    136.1    135.8    133.3    129.2    128.3    121.4    123.5    123.0

      Nondurable goods................  2,070.3  2,066.1  2,076.8  2,086.0  2,070.1  2,081.4  2,051.5  2,026.1  2,035.5  2,022.4
        Food and beverages purchased
         for off-premises consumption.    700.8    696.2    699.2    706.6    708.0    708.9    699.6    686.4    687.4    695.1
        Clothing and footwear.........    343.9    343.3    347.3    349.2    347.8    353.6    343.3    335.4    334.0    328.1
        Gasoline and other energy
         goods........................    301.5    301.3    301.5    298.5    292.6    289.9    280.1    287.2    293.2    292.2
        Other nondurable goods........    725.8    726.9    730.7    734.2    724.8    733.9    735.4    720.8    724.7    710.0

    Services..........................  6,011.7  6,036.2  6,055.5  6,059.7  6,087.1  6,092.5  6,072.4  6,080.4  6,076.0  6,077.3
      Household consumption
       expenditures (for services)....  5,770.8  5,799.2  5,809.8  5,804.8  5,827.3  5,831.2  5,805.2  5,806.6  5,817.2  5,822.8
        Housing and utilities.........  1,629.3  1,630.1  1,634.6  1,633.1  1,643.8  1,647.3  1,641.6  1,656.3  1,656.9  1,653.4
        Health care...................  1,365.1  1,371.7  1,377.6  1,387.6  1,409.0  1,418.2  1,416.1  1,422.4  1,434.3  1,442.1
        Transportation services.......    289.0    289.4    288.6    286.3    280.7    275.7    272.1    266.7    261.9    261.9
        Recreation services...........    347.7    349.0    351.6    351.6    351.1    352.4    349.6    346.1    347.7    347.0
        Food services and
         accommodations...............    545.3    546.5    548.0    550.8    547.5    550.9    547.3    535.9    533.7    530.9
        Financial services and
         insurance....................    762.8    776.7    779.1    770.5    766.1    763.8    758.5    750.6    751.4    756.5
        Other services................    831.8    836.2    830.9    825.2    829.6    823.4    820.6    829.2    832.2    832.1
      Final consumption expenditures
       of nonprofit institutions
       serving households.............    241.0    237.0    245.9    255.5    260.6    262.2    268.4    275.4    259.4    254.6
        Gross output of nonprofit
         institutions.................    919.5    919.8    923.9    935.1    949.5    955.0    957.2    965.1    957.8    955.5
        Less: Receipts from sales of
         goods and services by
         nonprofit institutions.......    678.6    682.8    678.3    680.1    689.7    693.5    689.8    691.0    698.7    700.7

  Gross private domestic investment...  2,132.6  2,162.2  2,166.5  2,123.4  2,082.9  2,026.5  1,990.7  1,857.7  1,558.5  1,471.9

    Fixed investment..................  2,118.8  2,137.7  2,135.6  2,113.0  2,079.2  2,064.8  2,020.4  1,909.3  1,687.5  1,627.5
      Nonresidential..................  1,489.6  1,530.3  1,565.8  1,591.3  1,598.9  1,604.4  1,579.2  1,496.1  1,321.2  1,290.6
        Structures....................    409.2    430.7    456.8    469.1    476.8    493.2    493.1    484.0    419.4    409.8
        Equipment and software........  1,078.1  1,095.2  1,101.3  1,113.3  1,111.9  1,097.7  1,071.0    993.7    887.5    866.9
          Information processing
           equipment and software.....    540.2    546.9    558.2    577.5    591.7    601.3    594.5    567.6    537.5    531.3
            Computers and peripheral
             equipment................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
            Software..................    235.0    238.9    242.6    249.6    257.3    260.3    258.3    252.2    235.5    227.7
            Other.....................    198.4    200.3    203.1    207.4    209.2    214.2    216.7    204.3    195.8    197.1
          Industrial equipment........    172.4    186.9    185.9    178.6    179.3    178.6    173.7    167.2    140.8    135.0
          Transportation equipment....    188.2    178.1    171.8    171.5    161.9    141.0    121.7     90.9     59.8     64.3
          Other equipment.............    178.3    183.7    186.4    188.0    182.3    180.9    185.4    172.6    157.3    145.1
      Residential.....................    631.7    610.4    572.9    525.0    483.2    462.9    443.3    415.0    367.9    337.4

    Change in private inventories.....     14.5     23.3     29.8     10.3       .6    -37.1    -29.7    -37.4   -113.9   -141.1
      Farm............................      5.9     -4.4     -2.6     -2.0    -12.6     -1.6     -5.0     -1.9       .3      2.7
      Nonfarm.........................      8.3     27.9     32.7     12.5     14.5    -35.8    -24.5    -35.7   -114.9   -144.4

  Net exports of goods and services...   -705.0   -683.4   -638.4   -564.0   -550.9   -476.0   -479.2   -470.9   -386.5   -339.3

    Exports...........................  1,485.9  1,504.8  1,569.9  1,624.0  1,623.4  1,670.4  1,655.2  1,568.0  1,434.5  1,408.9
      Goods...........................  1,026.7  1,042.4  1,078.9  1,111.0  1,122.4  1,159.9  1,154.8  1,072.9    956.1    933.0
      Services........................    459.2    462.3    490.9    512.9    501.1    510.5    500.4    494.9    477.2    474.4

    Imports...........................  2,190.8  2,188.1  2,208.3  2,188.0  2,174.3  2,146.5  2,134.4  2,038.9  1,821.0  1,748.2
      Goods...........................  1,841.1  1,836.5  1,849.4  1,831.6  1,815.4  1,794.0  1,777.1  1,682.6  1,474.4  1,411.8
      Services........................    349.8    351.6    359.0    356.4    359.0    352.5    357.7    356.9    346.2    335.7

  Government consumption expenditures
   and gross investment...............  2,409.5  2,435.4  2,458.9  2,468.7  2,484.7  2,506.9  2,536.6  2,544.0  2,527.2  2,562.1

    Federal...........................    882.8    898.7    919.0    925.1    943.4    961.3    991.6  1,007.3    996.3  1,022.4
      National defense................    594.7    607.1    621.7    622.4    634.8    645.6    675.4    681.7    672.8    694.1
        Consumption expenditures......    514.6    522.2    535.9    536.7    545.4    548.4    574.0    578.7    571.5    587.8
        Gross investment..............     80.1     85.1     86.0     85.9     89.7     97.9    102.1    103.8    102.0    107.2
      Nondefense......................    288.1    291.6    297.2    302.7    308.6    315.8    315.9    325.4    323.4    328.1
        Consumption expenditures......    249.7    252.1    256.8    262.2    268.4    273.8    273.3    278.4    280.1    284.9
        Gross investment..............     38.4     39.5     40.5     40.5     40.2     41.9     42.6     47.2     43.3     43.2

    State and local...................  1,526.5  1,536.5  1,540.0  1,543.7  1,541.9  1,546.6  1,547.0  1,539.3  1,533.3  1,542.6
      Consumption expenditures........  1,235.6  1,242.3  1,245.1  1,247.4  1,249.6  1,250.1  1,252.5  1,253.6  1,252.3  1,252.1
      Gross investment................    290.8    294.2    294.9    296.2    292.3    296.4    294.4    285.9    281.5    290.4

  Residual............................     -9.8     -6.4     -7.1    -11.9     -9.0     -5.5      1.0      8.4     -1.1      1.7

  Addenda:
    Final sales of domestic product... 13,086.4 13,179.6 13,290.3 13,381.1 13,363.5 13,453.5 13,354.3 13,193.5 13,055.8 13,049.5
    Gross domestic purchases.......... 13,805.0 13,887.6 13,959.7 13,954.2 13,916.4 13,885.5 13,798.8 13,604.0 13,303.1 13,225.4
    Final sales to domestic purchasers 13,791.5 13,863.2 13,928.9 13,944.0 13,912.9 13,923.2 13,828.0 13,654.9 13,432.7 13,381.6

    Gross domestic product............ 13,099.9 13,204.0 13,321.1 13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
    Plus: Income receipts
     from the rest of the world.......    750.9    805.6    844.0    846.9    790.6    768.0    746.0    652.7    530.9    .....
    Less: Income payments to
     the rest of the world............    690.4    733.7    713.7    675.0    632.3    649.5    600.3    554.2    438.5    .....
    Equals: Gross national product.... 13,160.5 13,275.9 13,451.5 13,563.3 13,525.4 13,533.7 13,470.7 13,240.5 13,018.1    .....

    Net domestic product.............. 11,463.7 11,551.9 11,653.0 11,707.0 11,666.4 11,702.4 11,603.3 11,416.0 11,193.2 11,157.9
--------------------------------------------------------------------------------------------------------------------------------
  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 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.
  See "Explanatory Note" at the end of the tables.

                  Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Continues
                                                      [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------------
                                       1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
-----------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.7

Personal consumption expenditures...    1.0    1.6    2.5    1.9    1.4    2.0    2.6    3.0    2.7    2.7    3.3    3.4    3.0    2.5    3.3    2.4    2.5
  Goods.............................   -1.5     .5    2.0    -.1   -1.0    -.1    1.5    2.2    1.5    1.3    3.3    3.6    2.3     .4    5.0    -.4    1.0
    Durable goods...................   -2.8   -2.7   -1.8   -2.0   -2.6   -3.5   -1.8   -1.0   -1.5   -1.8   -1.2    -.2    -.3   -2.9     .2    -.4    -.6
    Nondurable goods................    -.7    2.5    4.3    1.1    -.1    2.1    3.6    4.0    3.2    2.9    5.6    5.8    3.8    2.4    7.9    -.4    2.0
  Services..........................    2.4    2.2    2.8    3.0    2.7    3.2    3.2    3.4    3.4    3.4    3.4    3.2    3.4    3.6    2.4    4.0    3.3

Gross private domestic investment...   -1.1    -.1    1.1     .9     .4    1.4    3.5    4.6    4.4    2.2     .6    4.1    4.9    4.3    3.8    4.7    4.3
  Fixed investment..................    -.9    -.1    1.2     .9     .4    1.5    3.5    4.7    4.4    2.2     .8    4.1    4.9    4.4    3.8    4.8    4.5
    Nonresidential..................   -2.2   -1.4     .0    -.4    -.4     .0    1.6    3.3    3.5    2.6    1.6    1.2    2.8    2.1    2.4    4.5    3.2
      Structures....................    4.6    3.1    3.9    5.2    4.2    3.6    7.6   13.1   12.9    7.4    3.2    8.6    9.4   11.6   12.9   12.9   11.5
      Equipment and software........   -4.4   -2.9   -1.2   -2.4   -2.0   -1.2    -.4     .1     .2     .5     .7   -1.1     .7    -.9    -.9    1.8     .5
    Residential.....................    2.7    3.8    4.4    4.6    2.5    4.8    7.3    7.2    6.1    1.3   -1.6    9.7    8.8    8.5    6.2    5.2    6.8
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................   -2.3    -.6    1.8    -.4    -.4    2.2    3.5    3.6    3.4    3.5    4.9    5.2    5.0    2.0    4.5    4.5    2.9
    Goods...........................   -3.2   -1.4    1.3    -.6    -.7    2.0    3.6    3.2    3.3    3.6    5.0    5.6    5.7    1.3    4.0    4.2    2.6
    Services........................    -.1    1.2    3.0     .1     .2    2.6    3.3    4.6    3.7    3.5    4.8    4.2    3.6    3.7    5.6    5.0    3.5
  Imports...........................   -5.4     .6    4.3   -2.4   -1.1    3.5    4.8    6.2    4.1    3.7   10.7    9.2    5.7    4.2   10.0    3.4    5.7
    Goods...........................   -6.0     .1    4.9   -2.9   -1.8    2.9    4.9    6.5    4.2    3.7   11.4   10.1    5.9    3.9   10.8    3.4    5.8
    Services........................   -2.0    3.2    1.2     .0    2.2    6.3    4.5    4.6    3.8    3.9    7.2    5.0    4.8    5.9    6.0    3.4    5.3

Government consumption expenditures
 and gross investment...............    1.4    3.2    4.0    2.7    2.6    4.2    4.3    5.8    4.8    4.5    4.5    6.7    4.9    5.0    6.0    7.4    4.5
  Federal...........................    1.1    2.5    3.3    2.0    3.7    4.2    4.7    4.9    4.1    3.5    3.0   11.6    5.1    2.4    2.8   12.0    2.1
    National defense................    1.1    2.5    3.3    2.0    3.8    4.7    4.7    5.4    4.4    3.7    3.3   10.4    5.2    2.8    3.6   13.0    2.2
    Nondefense......................    1.3    2.6    3.3    2.0    3.6    3.5    4.9    3.9    3.5    3.1    2.1   14.0    5.0    1.6    1.1   10.0    1.8
  State and local...................    1.5    3.6    4.4    3.1    2.1    4.2    4.0    6.3    5.3    5.1    5.4    4.0    4.8    6.5    7.9    4.8    5.9

Addenda:
  Final sales of domestic product...    1.2    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.8
  Gross domestic purchases..........     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.8    3.7    3.2
  Final sales to domestic
   purchasers.......................     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.8    3.7    3.2
  Gross national product (GNP)......    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.7

  Implicit price deflators:
    GDP.............................    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.4    2.9    3.0    3.7    2.7
    Gross domestic purchases........     .7    1.6    2.5    1.9    1.5    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.9    3.6    3.2
    GNP.............................    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.4    2.9    3.0    3.7    2.8
-----------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

              Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Table Ends
                                                   [Quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                     III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09  II 09
----------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    4.2    3.4    3.0    3.6    3.1    1.8    4.2    2.7    1.6    2.3    1.9    1.8    4.0     .1    1.9     .2

Personal consumption expenditures...    4.6    3.6    1.7    3.0    3.0    -.1    3.7    3.2    2.3    5.1    3.7    3.9    4.7   -5.0   -1.5    1.3
  Goods.............................    7.2    1.4    -.3    2.6    2.2   -5.8    3.2    3.7     .3    7.0    5.2    3.8    6.8  -16.1   -6.0    2.6
    Durable goods...................   -3.0    -.7   -1.2   -1.6   -1.9   -2.0   -1.6   -1.4   -2.8   -1.4     .0    -.9   -1.2   -3.3   -1.7     .3
    Nondurable goods................   13.5    2.6     .1    5.0    4.5   -7.7    5.9    6.6    1.9   11.5    7.8    6.1   10.8  -21.5   -7.9    3.7
  Services..........................    3.2    4.7    2.8    3.3    3.3    3.1    4.0    2.9    3.4    4.2    2.9    4.0    3.6    1.0     .7     .7

Gross private domestic investment...    5.4    5.7    4.7    3.5    2.5    3.8    2.8     .6     .8    1.0   -1.6     .6    2.3    5.3   -1.8   -2.5
  Fixed investment..................    5.6    5.7    4.7    3.5    2.4    3.7    2.7     .8     .8    1.1    -.7    1.1    2.5    1.3   -2.0   -2.5
    Nonresidential..................    2.7    4.7    3.5    3.3    3.0    3.9    3.2    1.6     .9    1.3    -.3    2.1    4.4    4.4   -1.3   -3.7
      Structures....................   16.4   18.5   11.8   11.4    8.0   11.5    9.2    3.7    3.3    3.4     .6    2.7    6.7    7.9   -3.5   -9.1
      Equipment and software........   -1.7     .1     .6     .3    1.0     .7     .6     .6    -.2     .2    -.7    1.7    3.1    2.5     .1    -.5
    Residential.....................   10.9    7.7    7.1    4.1    1.3    3.4    1.5   -1.1     .6     .9   -1.5   -1.6   -3.8   -9.5   -4.9    2.5
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................    2.9    3.1    2.9    5.2    5.0     .2    3.6    4.5    3.3    6.7    7.6   10.2    6.3  -21.4  -12.6     .4
    Goods...........................    1.7    2.7    2.7    5.5    5.5     .9    3.1    4.2    3.0    6.8    8.3   12.1    5.6  -25.4  -14.8    2.4
    Services........................    5.8    3.8    3.4    4.4    3.9   -1.6    4.5    5.1    4.2    6.5    6.0    6.0    7.8  -11.9   -8.1   -3.3
  Imports...........................    8.5    8.1    1.6    4.2    3.1   -4.6    3.2    6.3    6.2   20.5   15.5   21.4    7.1  -34.3  -28.3    4.3
    Goods...........................    9.1    9.7     .8    4.0    3.2   -5.4    3.4    6.2    6.1   22.9   17.2   22.4    7.1  -37.0  -31.6    5.5
    Services........................    5.4    -.4    6.2    5.5    2.7    -.2    2.3    7.2    6.6    8.7    7.0   16.9    7.5  -19.1  -12.1    -.3

Government consumption expenditures
 and gross investment...............    5.9    4.9    5.3    5.6    3.1    2.4    7.1    4.7    2.7    5.5    6.3    6.3    4.2   -5.8   -1.1     .6
  Federal...........................    3.0    1.2    9.8    4.3    1.2     .5    8.6    3.5     .6    2.5    5.6    4.4    1.9   -4.1    1.7     .6
    National defense................    3.0    1.6   10.5    4.6    1.5     .3    8.3    4.1    1.2    3.3    5.5    5.7    2.4   -6.0     .9     .5
    Nondefense......................    3.1     .4    8.4    3.7     .7     .9    9.0    2.3    -.7     .9    6.0    1.7     .8     .2    3.3     .9
  State and local...................    7.7    7.1    2.8    6.4    4.2    3.4    6.3    5.3    3.9    7.3    6.6    7.4    5.6   -6.9   -2.8     .6

Addenda:
  Final sales of domestic product...    4.2    3.4    3.0    3.6    3.1    1.8    4.2    2.7    1.6    2.3    2.0    1.9    4.0    -.5    1.8     .2
  Gross domestic purchases..........    5.0    4.1    2.8    3.6    2.9    1.0    4.2    3.1    2.2    4.6    3.4    3.9    4.3   -3.8   -1.4     .7
  Final sales to domestic
   purchasers.......................    5.0    4.1    2.8    3.6    2.9    1.0    4.2    3.1    2.2    4.6    3.5    4.0    4.3   -4.3   -1.5     .7
  Gross national product (GNP)......    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.6    2.3    1.9    1.8    4.0     .0    1.8  .....

  Implicit price deflators:
    GDP.............................    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.7    2.4    1.7    2.0    4.1     .0    1.9     .2
    Gross domestic purchases........    5.0    4.2    2.8    3.5    2.9     .9    4.2    3.0    2.2    4.6    3.2    4.1    4.4   -3.9   -1.4     .7
    GNP.............................    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.7    2.4    1.8    2.0    4.2    -.1    1.9  .....
----------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                 Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Continues
                                                      [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------------------------------
                                       1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
-----------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.7
         Previously published.......    1.1    1.4    2.2    2.4    1.7    2.1    2.9    3.3    3.2    2.7    2.2    3.7    3.8    2.3    3.2    4.0    2.1

Personal consumption expenditures...    1.0    1.6    2.5    1.9    1.4    2.0    2.6    3.0    2.7    2.7    3.3    3.4    3.0    2.5    3.3    2.4    2.5
  Previously published..............     .9    1.7    2.5    2.1    1.4    2.0    2.6    2.9    2.8    2.6    3.3    3.5    3.8    2.0    3.0    2.5    2.5

Gross private domestic investment...   -1.1    -.1    1.1     .9     .4    1.4    3.5    4.6    4.4    2.2     .6    4.1    4.9    4.3    3.8    4.7    4.3
  Previously published..............   -1.1    -.1    1.0    1.0     .6    1.5    3.4    4.4    4.2    1.4     .7    4.1    4.7    3.9    3.9    4.7    4.0
  Fixed investment..................    -.9    -.1    1.2     .9     .4    1.5    3.5    4.7    4.4    2.2     .8    4.1    4.9    4.4    3.8    4.8    4.5
    Previously published............    -.9     .0    1.1    1.0     .6    1.6    3.4    4.5    4.2    1.4     .6    4.1    4.7    3.9    3.9    4.7    4.2
    Nonresidential..................   -2.2   -1.4     .0    -.4    -.4     .0    1.6    3.3    3.5    2.6    1.6    1.2    2.8    2.1    2.4    4.5    3.2
      Previously published..........   -2.2   -1.3    -.1    -.3    -.2     .1    1.3    2.9    3.3    1.4    1.6    1.1    2.4    1.3    2.5    4.4    2.7
      Structures....................    4.6    3.1    3.9    5.2    4.2    3.6    7.6   13.1   12.9    7.4    3.2    8.6    9.4   11.6   12.9   12.9   11.5
        Previously published........    4.6    3.0    3.9    5.4    4.4    3.5    6.2   11.8   12.3    3.8    3.6    6.8    7.6   10.1   12.0   11.9   10.1
      Equipment and software........   -4.4   -2.9   -1.2   -2.4   -2.0   -1.2    -.4     .1     .2     .5     .7   -1.1     .7    -.9    -.9    1.8     .5
        Previously published........   -4.5   -2.8   -1.3   -2.3   -1.8   -1.1    -.3    -.1     .1     .3     .6    -.8     .7   -1.7    -.6    1.8     .1
    Residential.....................    2.7    3.8    4.4    4.6    2.5    4.8    7.3    7.2    6.1    1.3   -1.6    9.7    8.8    8.5    6.2    5.2    6.8
      Previously published..........    2.7    3.8    4.4    4.6    2.5    4.8    7.3    7.2    5.9    1.5   -2.4    9.8    8.8    8.5    6.2    5.2    6.8
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................   -2.3    -.6    1.8    -.4    -.4    2.2    3.5    3.6    3.4    3.5    4.9    5.2    5.0    2.0    4.5    4.5    2.9
    Previously published............   -2.3    -.6    1.7    -.4    -.4    2.2    3.5    3.6    3.5    3.5    5.3    5.5    4.8    1.9    4.2    4.6    3.5
    Goods...........................   -3.2   -1.4    1.3    -.6    -.7    2.0    3.6    3.2    3.3    3.6    5.0    5.6    5.7    1.3    4.0    4.2    2.6
      Previously published..........   -3.2   -1.4    1.1    -.7    -.7    2.0    3.7    3.1    3.3    3.5    5.3    6.3    5.2    1.0    3.6    4.3    3.0
    Services........................    -.1    1.2    3.0     .1     .2    2.6    3.3    4.6    3.7    3.5    4.8    4.2    3.6    3.7    5.6    5.0    3.5
      Previously published..........    -.1    1.3    3.1     .4     .4    2.6    3.2    4.9    3.8    3.5    5.4    3.9    3.8    3.8    5.5    5.2    4.6
  Imports...........................   -5.4     .6    4.3   -2.4   -1.1    3.5    4.8    6.2    4.1    3.7   10.7    9.2    5.7    4.2   10.0    3.4    5.7
    Previously published............   -5.4     .6    4.2   -2.5   -1.2    3.5    4.9    6.3    4.3    3.7   10.4    9.2    7.3    5.3    6.9    2.3    9.7
    Goods...........................   -6.0     .1    4.9   -2.9   -1.8    2.9    4.9    6.5    4.2    3.7   11.4   10.1    5.9    3.9   10.8    3.4    5.8
      Previously published..........   -6.0     .1    4.8   -3.0   -1.8    2.9    4.9    6.5    4.2    3.6   11.1   10.0    7.9    5.0    7.0    2.1   10.0
    Services........................   -2.0    3.2    1.2     .0    2.2    6.3    4.5    4.6    3.8    3.9    7.2    5.0    4.8    5.9    6.0    3.4    5.3
      Previously published..........   -2.2    3.2    1.4     .1    1.7    6.3    4.4    5.7    4.8    3.7    7.1    4.9    4.7    6.7    6.0    3.5    7.9

Government consumption expenditures
 and gross investment...............    1.4    3.2    4.0    2.7    2.6    4.2    4.3    5.8    4.8    4.5    4.5    6.7    4.9    5.0    6.0    7.4    4.5
   Previously published.............    1.4    2.8    4.1    2.5    2.9    4.1    4.5    5.9    4.7    4.5    4.7    7.2    5.0    4.8    5.7    7.7    4.1
  Federal...........................    1.1    2.5    3.3    2.0    3.7    4.2    4.7    4.9    4.1    3.5    3.0   11.6    5.1    2.4    2.8   12.0    2.1
    Previously published............    1.0    2.5    3.2    1.9    3.7    4.2    4.7    4.8    4.1    3.4    3.2   11.6    5.5    2.5    2.6   11.8    1.7
    National defense................    1.1    2.5    3.3    2.0    3.8    4.7    4.7    5.4    4.4    3.7    3.3   10.4    5.2    2.8    3.6   13.0    2.2
      Previously published..........    1.0    2.4    3.2    2.0    3.7    4.7    4.7    5.2    4.5    3.5    3.6   10.6    5.6    2.9    3.1   12.6    1.8
    Nondefense......................    1.3    2.6    3.3    2.0    3.6    3.5    4.9    3.9    3.5    3.1    2.1   14.0    5.0    1.6    1.1   10.0    1.8
      Previously published..........    1.2    2.8    3.2    1.7    3.5    3.4    4.9    4.0    3.4    3.1    2.6   13.8    5.2    1.4    1.7   10.2    1.6
  State and local...................    1.5    3.6    4.4    3.1    2.1    4.2    4.0    6.3    5.3    5.1    5.4    4.0    4.8    6.5    7.9    4.8    5.9
    Previously published............    1.7    2.9    4.5    2.9    2.5    4.1    4.3    6.5    5.1    5.1    5.6    4.6    4.7    6.2    7.6    5.3    5.6

Addenda:
  Final sales of domestic product...    1.2    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.8
    Previously published............    1.2    1.5    2.2    2.4    1.7    2.1    2.9    3.3    3.2    2.7    2.2    3.7    3.8    2.3    3.2    4.0    2.1
  Gross domestic purchases..........     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.8    3.7    3.2
    Previously published............     .6    1.6    2.5    2.0    1.6    2.3    3.1    3.7    3.4    2.8    3.2    4.3    4.2    2.8    3.6    3.7    3.1
  Final sales to domestic
   purchasers.......................     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.8    3.7    3.2
     Previously published...........     .7    1.6    2.5    2.0    1.6    2.3    3.1    3.7    3.4    2.8    3.2    4.3    4.2    2.7    3.6    3.7    3.1
  Gross national product (GNP)......    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.7
    Previously published............    1.1    1.4    2.2    2.4    1.7    2.1    2.9    3.3    3.2    2.7    2.2    3.7    3.8    2.3    3.2    4.0    2.1

  Implicit price deflators:
    GDP.............................    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.4    2.9    3.0    3.7    2.7
      Previously published..........    1.1    1.4    2.2    2.4    1.7    2.1    2.9    3.3    3.2    2.7    2.2    3.7    3.8    2.3    3.2    4.0    2.1
    Gross domestic purchases........     .7    1.6    2.5    1.9    1.5    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.9    3.6    3.2
      Previously published..........     .6    1.6    2.5    2.0    1.6    2.3    3.1    3.7    3.4    2.8    3.2    4.3    4.2    2.7    3.7    3.7    3.1
    GNP.............................    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.4    2.9    3.0    3.7    2.8
      Previously published..........    1.1    1.4    2.2    2.4    1.7    2.1    2.9    3.3    3.2    2.7    2.2    3.7    3.8    2.3    3.2    4.0    2.1
-----------------------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

          Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period--Table Ends
                                               [Quarters seasonally adjusted at annual rates]
---------------------------------------------------------------------------------------------------------------------------------------------
                                     III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09
---------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).    4.2    3.4    3.0    3.6    3.1    1.8    4.2    2.7    1.6    2.3    1.9    1.8    4.0     .1    1.9
         Previously published.......    4.1    3.7    3.5    2.7    2.8    2.2    4.1    2.0    1.5    2.8    2.6    1.1    3.9     .5    2.8

Personal consumption expenditures...    4.6    3.6    1.7    3.0    3.0    -.1    3.7    3.2    2.3    5.1    3.7    3.9    4.7   -5.0   -1.5
  Previously published..............    4.7    3.3    1.8    3.3    3.1    -.5    3.4    3.6    2.5    4.3    3.6    4.3    5.0   -4.9    -.9

Gross private domestic investment...    5.4    5.7    4.7    3.5    2.5    3.8    2.8     .6     .8    1.0   -1.6     .6    2.3    5.3   -1.8
  Previously published..............    5.0    5.4    5.2    3.5    1.6    3.3    1.6    -.3    -.3    1.3    -.5     .4    2.0    4.4   -2.2
  Fixed investment..................    5.6    5.7    4.7    3.5    2.4    3.7    2.7     .8     .8    1.1    -.7    1.1    2.5    1.3   -2.0
    Previously published............    5.3    5.7    5.0    3.4    1.5    3.2    1.6    -.2    -.4    1.2    -.2     .8    2.3    1.2   -2.3
    Nonresidential..................    2.7    4.7    3.5    3.3    3.0    3.9    3.2    1.6     .9    1.3    -.3    2.1    4.4    4.4   -1.3
      Previously published..........    2.0    4.4    4.3    3.3    1.7    2.9    1.3     .3    -.6    1.7     .6    2.3    4.2    4.6   -1.5
      Structures....................   16.4   18.5   11.8   11.4    8.0   11.5    9.2    3.7    3.3    3.4     .6    2.7    6.7    7.9   -3.5
        Previously published........   14.8   17.0   14.1   12.0    4.6    6.7    3.4     .7     .5    4.5    2.7    3.3    7.1    7.4   -4.4
      Equipment and software........   -1.7     .1     .6     .3    1.0     .7     .6     .6    -.2     .2    -.7    1.7    3.1    2.5     .1
        Previously published........   -2.3     .2     .7    -.1     .5    1.2     .4     .1   -1.2     .4    -.4    1.7    2.6    3.0     .2
    Residential.....................   10.9    7.7    7.1    4.1    1.3    3.4    1.5   -1.1     .6     .9   -1.5   -1.6   -3.8   -9.5   -4.9
      Previously published..........   11.0    7.8    6.4    3.7    1.2    3.9    2.2   -1.3     .3     .0   -2.6   -3.5   -3.3   -9.4   -4.9
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................    2.9    3.1    2.9    5.2    5.0     .2    3.6    4.5    3.3    6.7    7.6   10.2    6.3  -21.4  -12.6
    Previously published............    2.5    3.2    2.9    5.8    4.7    -.8    3.6    5.3    3.5    6.2    9.1   10.8    6.7  -23.0  -10.8
    Goods...........................    1.7    2.7    2.7    5.5    5.5     .9    3.1    4.2    3.0    6.8    8.3   12.1    5.6  -25.4  -14.8
      Previously published..........    1.3    2.2    3.0    6.2    5.2     .0    3.3    5.1    2.8    6.0   10.0   12.3    5.6  -26.0  -11.6
    Services........................    5.8    3.8    3.4    4.4    3.9   -1.6    4.5    5.1    4.2    6.5    6.0    6.0    7.8  -11.9   -8.1
      Previously published..........    5.3    5.5    2.7    4.9    3.7   -2.6    4.3    5.9    5.2    6.6    6.9    7.5    9.3  -16.1   -9.3
  Imports...........................    8.5    8.1    1.6    4.2    3.1   -4.6    3.2    6.3    6.2   20.5   15.5   21.4    7.1  -34.3  -28.3
    Previously published............   10.3    4.5   -1.1   10.3    5.0   -9.1     .9   12.8    7.4   12.8   12.8   28.8    9.2  -37.3  -29.6
    Goods...........................    9.1    9.7     .8    4.0    3.2   -5.4    3.4    6.2    6.1   22.9   17.2   22.4    7.1  -37.0  -31.6
      Previously published..........   10.8    5.0   -2.0   10.4    5.4  -10.1     .8   13.0    7.7   14.5   13.8   31.2    9.8  -41.3  -32.9
    Services........................    5.4    -.4    6.2    5.5    2.7    -.2    2.3    7.2    6.6    8.7    7.0   16.9    7.5  -19.1  -12.1
      Previously published..........    7.8    2.0    4.1    9.9    3.2   -3.8    1.1   11.7    6.1    4.5    7.8   16.8    6.2  -13.3  -13.4

Government consumption expenditures
 and gross investment...............    5.9    4.9    5.3    5.6    3.1    2.4    7.1    4.7    2.7    5.5    6.3    6.3    4.2   -5.8   -1.1
   Previously published.............    7.0    4.8    4.9    4.9    3.3    2.3    6.4    5.2    3.4    5.1    6.2    7.0    4.4   -5.8    -.4
  Federal...........................    3.0    1.2    9.8    4.3    1.2     .5    8.6    3.5     .6    2.5    5.6    4.4    1.9   -4.1    1.7
    Previously published............    3.1     .8   10.2    4.1    1.2     .9    7.6    3.7     .9    2.3    5.6    5.1    2.7   -3.4    2.7
    National defense................    3.0    1.6   10.5    4.6    1.5     .3    8.3    4.1    1.2    3.3    5.5    5.7    2.4   -6.0     .9
      Previously published..........    3.2    1.3   10.9    4.4    1.5     .7    7.0    4.3    1.6    3.1    5.1    6.3    3.1   -4.5    2.7
    Nondefense......................    3.1     .4    8.4    3.7     .7     .9    9.0    2.3    -.7     .9    6.0    1.7     .8     .2    3.3
      Previously published..........    3.0    -.1    8.9    3.5     .5    1.2    8.8    2.6    -.5     .5    6.8    2.8    1.9    -.9    2.6
  State and local...................    7.7    7.1    2.8    6.4    4.2    3.4    6.3    5.3    3.9    7.3    6.6    7.4    5.6   -6.9   -2.8
    Previously published............    9.4    7.3    2.0    5.4    4.6    3.2    5.7    6.1    4.9    6.8    6.6    8.1    5.5   -7.3   -2.3

Addenda:
  Final sales of domestic product...    4.2    3.4    3.0    3.6    3.1    1.8    4.2    2.7    1.6    2.3    2.0    1.9    4.0    -.5    1.8
    Previously published............    4.1    3.8    3.5    2.7    2.7    2.2    4.1    2.0    1.5    2.8    2.7    1.2    4.0     .1    2.8
  Gross domestic purchases..........    5.0    4.1    2.8    3.6    2.9    1.0    4.2    3.1    2.2    4.6    3.4    3.9    4.3   -3.8   -1.4
    Previously published............    5.2    3.9    2.9    3.6    2.9     .6    3.6    3.3    2.2    4.0    3.5    4.2    4.5   -3.9   -1.0
  Final sales to domestic
   purchasers.......................    5.0    4.1    2.8    3.6    2.9    1.0    4.2    3.1    2.2    4.6    3.5    4.0    4.3   -4.3   -1.5
     Previously published...........    5.2    4.0    2.8    3.6    2.9     .6    3.7    3.3    2.2    4.0    3.5    4.3    4.5   -4.3   -1.0
  Gross national product (GNP)......    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.6    2.3    1.9    1.8    4.0     .0    1.8
    Previously published............    4.1    3.7    3.5    2.7    2.8    2.2    4.1    2.0    1.5    2.8    2.6    1.1    3.9     .6    2.8

  Implicit price deflators:
    GDP.............................    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.7    2.4    1.7    2.0    4.1     .0    1.9
      Previously published..........    4.1    3.8    3.6    2.7    2.7    2.2    4.2    2.0    1.5    2.5    2.6    1.3    3.9     .6    2.8
    Gross domestic purchases........    5.0    4.2    2.8    3.5    2.9     .9    4.2    3.0    2.2    4.6    3.2    4.1    4.4   -3.9   -1.4
      Previously published..........    5.2    4.0    2.9    3.6    2.9     .6    3.7    3.3    2.2    3.7    3.4    4.4    4.4   -3.8   -1.0
    GNP.............................    4.2    3.4    3.0    3.6    3.1    1.8    4.3    2.7    1.7    2.4    1.8    2.0    4.2    -.1    1.9
      Previously published..........    4.1    3.8    3.6    2.7    2.8    2.1    4.2    2.0    1.5    2.5    2.5    1.3    3.9     .6    2.7
---------------------------------------------------------------------------------------------------------------------------------------------
  Note. Comparisons of the revised estimates for components of personal
consumption expenditures (PCE) with the previously published estimates
are not shown because the composition of these components changed as
part of the new classification system that was adopted for PCE. See text.
  See "Explanatory Note" at the end of the tables.

                                 Table 5. Real Gross Domestic Product, Quantity Indexes--Continues
                                                     [Index numbers, 2005=100]
-----------------------------------------------------------------------------------------------------------------------------------
                                               1998    1999    2000    2001    2002    2003    2004    2005    2006    2007    2008
-----------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............  81.367  85.295  88.825  89.783  91.412  93.688  97.036 100.000 102.673 104.872 105.331

Personal consumption expenditures..........  77.849  82.106  86.270  88.603  90.962  93.520  96.754 100.000 102.886 105.612 105.351
  Goods....................................  72.175  77.924  82.034  84.611  88.050  92.060  96.141 100.000 103.251 106.499 104.296
    Durable goods..........................  60.352  68.185  74.167  78.193  84.130  89.203  95.073 100.000 104.064 108.543 103.692
    Nondurable goods.......................  80.285  84.375  87.111  88.681  90.440  93.763  96.756 100.000 102.805 105.405 104.513
  Services.................................  81.145  84.469  88.654  90.837  92.568  94.314  97.084 100.000 102.692 105.147 105.883

Gross private domestic investment..........  78.034  84.903  90.704  84.333  83.185  86.162  94.753 100.000 102.678  98.801  91.585
  Fixed investment.........................  76.822  83.969  90.178  88.470  84.726  87.464  93.884 100.000 102.309 100.189  95.106
    Nonresidential.........................  80.707  89.129  97.864  95.137  87.593  88.398  93.743 100.000 107.913 114.617 116.502
      Structures........................... 115.911 116.049 125.101 123.191 101.377  97.514  98.571 100.000 109.180 125.495 138.392
      Equipment and software...............  71.358  81.451  89.976  87.073  83.397  85.516  92.141 100.000 107.434 110.184 107.332
    Residential............................  69.737  74.098  74.839  75.263  79.210  85.724  94.136 100.000  92.679  75.490  58.213
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............  80.343  83.849  91.054  85.946  84.224  85.574  93.698 100.000 108.962 118.472 124.842

Imports of goods and services..............  64.165  71.550  80.871  78.596  81.270  84.857  94.231 100.000 106.086 108.188 104.721

Government consumption expenditures and
 gross investment..........................  83.759  86.761  88.519  91.917  96.192  98.336  99.668 100.000 101.359 103.090 106.252
  Federal..................................  77.758  79.270  79.661  82.901  88.953  94.839  98.710 100.000 102.127 103.434 111.362
  State and local..........................  87.291  91.179  93.744  97.236 100.473 100.408 100.234 100.000 100.910 102.886 103.355

Addenda:
  Final sales of domestic product..........  81.162  85.123  88.713  90.494  91.699  93.934  96.900 100.000 102.611 105.131 105.980
  Gross domestic purchases.................  78.885  83.385  87.428  88.508  90.619  93.175  96.942 100.000 102.579 104.046 103.294
  Final sales to domestic purchasers.......  78.682  83.216  87.318  89.180  90.889  93.406  96.812 100.000 102.520 104.288 103.896
  Gross national product...................  80.907  84.897  88.483  89.550  91.138  93.551  97.039 100.000 102.438 104.925 105.552
-----------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                     Table 5. Real Gross Domestic Product, Quantity Indexes--Continues
                                          [Index numbers, 2005=100; quarters seasonally adjusted]
-------------------------------------------------------------------------------------------------------------------------------------------
                                               I 04   II 04  III 04   IV 04    I 05   II 05  III 05   IV 05    I 06   II 06  III 06   IV 06
-------------------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............  95.959  96.641  97.351  98.195  99.175  99.598 100.354 100.873 102.196 102.564 102.592 103.341

Personal consumption expenditures..........  95.676  96.193  97.016  98.132  98.866  99.818 100.528 100.788 101.901 102.450 103.081 104.112
  Goods....................................  94.975  95.375  96.502  97.711  98.657 100.038 100.797 100.508 102.335 102.501 103.334 104.835
    Durable goods..........................  93.265  93.919  95.768  97.340  97.992 100.733 101.917  99.359 103.327 103.064 104.216 105.647
    Nondurable goods.......................  95.962  96.217  96.921  97.925  99.045  99.650 100.174 101.132 101.793 102.191 102.851 104.383
  Services.................................  96.052  96.633  97.294  98.359  98.978  99.700 100.384 100.937 101.670 102.421 102.945 103.731

Gross private domestic investment..........  90.691  94.630  95.857  97.833  99.911  98.124  99.205 102.761 104.258 104.098 102.643  99.712
  Fixed investment.........................  90.404  93.189  95.166  96.779  97.968  99.704 100.975 101.352 103.670 103.186 101.880 100.499
    Nonresidential.........................  90.124  92.555  95.095  97.197  98.086  99.516 100.919 101.479 105.759 107.643 108.811 109.440
      Structures...........................  97.210  98.337  99.325  99.414 101.195 100.812  98.696  99.297 103.696 109.068 111.771 112.185
      Equipment and software...............  87.831  90.653  93.669  96.410  96.994  99.041 101.697 102.268 106.542 107.101 107.681 108.414
    Residential............................  90.904  94.324  95.284  96.032  97.773 100.049 101.073 101.105 100.031  95.502  89.988  85.194
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............  91.743  93.175  93.869  96.006  97.788  99.880  99.908 102.424 106.415 108.200 108.353 112.882

Imports of goods and services..............  90.235  93.849  95.213  97.626  98.187  99.266  99.874 102.673 104.613 105.774 107.040 106.917

Government consumption expenditures and
 gross investment..........................  99.366  99.730 100.094  99.482  99.577  99.685 100.590 100.147 101.147 101.232 101.386 101.670
  Federal..................................  97.749  98.304 100.010  98.778  99.190  99.286 101.608  99.915 102.763 101.887 101.792 102.066
  State and local.......................... 100.325 100.575 100.140  99.895  99.806  99.922  99.995 100.277 100.205 100.851 101.149 101.437

Addenda:
  Final sales of domestic product..........  95.931  96.408  97.241  98.020  98.847  99.870 100.657 100.626 102.088 102.403 102.462 103.490
  Gross domestic purchases.................  95.518  96.559  97.368  98.321  99.161  99.519 100.324 100.996 102.153 102.503 102.707 102.953
  Final sales to domestic purchasers.......  95.491  96.338  97.264  98.156  98.849  99.776 100.611 100.764 102.051 102.351 102.585 103.092
  Gross national product...................  96.138  96.604  97.393  98.023  99.270  99.599 100.424 100.707 102.032 102.354 102.274 103.094
-------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                            Table 5. Real Gross Domestic Product, Quantity Indexes--Table Ends
                                  [Index numbers, 2005=100; quarters seasonally adjusted]
---------------------------------------------------------------------------------------------------------------------------
                                               I 07   II 07  III 07   IV 07    I 08   II 08  III 08   IV 08    I 09   II 09
---------------------------------------------------------------------------------------------------------------------------
        Gross domestic product............. 103.652 104.475 105.402 105.957 105.764 106.147 105.430 103.984 102.271 102.010

Personal consumption expenditures.......... 105.059 105.358 105.858 106.175 106.016 106.032 105.088 104.267 104.425 104.099
  Goods.................................... 105.854 105.904 106.724 107.513 106.121 105.983 103.895 101.186 101.817 100.780
    Durable goods.......................... 107.074 107.634 109.001 110.464 107.931 106.354 103.083  97.401  98.345  96.560
    Nondurable goods....................... 105.177 104.961 105.507 105.973 105.165 105.738 104.219 102.929 103.405 102.740
  Services................................. 104.641 105.068 105.403 105.477 105.953 106.047 105.697 105.837 105.761 105.783

Gross private domestic investment..........  98.176  99.539  99.736  97.753  95.887  93.292  91.643  85.519  71.746  67.760
  Fixed investment.........................  99.838 100.726 100.626  99.564  97.969  97.291  95.199  89.964  79.514  76.687
    Nonresidential......................... 110.561 113.579 116.219 118.109 118.674 119.083 117.210 111.040  98.061  95.791
      Structures........................... 116.327 122.437 129.869 133.348 135.559 140.215 140.191 137.603 119.243 116.495
      Equipment and software............... 108.285 110.007 110.615 111.829 111.685 110.258 107.577  99.808  89.143  87.076
    Residential............................  81.521  78.764  73.932  67.745  62.355  59.738  57.208  53.549  47.478  43.541
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services.............. 113.856 115.302 120.293 124.436 124.395 127.997 126.828 120.149 109.922 107.954

Imports of goods and services.............. 108.041 107.907 108.904 107.901 107.225 105.853 105.259 100.547  89.804  86.210

Government consumption expenditures and
 gross investment.......................... 101.671 102.764 103.757 104.169 104.845 105.782 107.036 107.346 106.639 108.110
  Federal.................................. 100.738 102.558 104.871 105.570 107.654 109.698 113.152 114.946 113.693 116.672
  State and local.......................... 102.203 102.875 103.110 103.356 103.234 103.549 103.576 103.061 102.660 103.281

Addenda:
  Final sales of domestic product.......... 103.956 104.696 105.576 106.297 106.157 106.872 106.084 104.806 103.713 103.662
  Gross domestic purchases................. 103.322 103.941 104.480 104.439 104.156 103.925 103.276 101.818  99.566  98.984
  Final sales to domestic purchasers....... 103.608 104.147 104.641 104.754 104.521 104.598 103.883 102.583 100.913 100.529
  Gross national product................... 103.337 104.243 105.622 106.500 106.202 106.267 105.773 103.965 102.219   .....
---------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                   Table 6. Price Indexes for Gross Domestic Product--Continues
                                                     [Index numbers, 2005=100]
-----------------------------------------------------------------------------------------------------------------------------------
                                               1998    1999    2000    2001    2002    2003    2004    2005    2006    2007    2008
-----------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............  85.507  86.766  88.648  90.654  92.113  94.099  96.769 100.000 103.263 106.221 108.481

Personal consumption expenditures
 (PCE).....................................  86.207  87.596  89.777  91.488  92.736  94.622  97.098 100.000 102.746 105.502 109.031
  Goods....................................  95.106  95.603  97.520  97.429  96.430  96.380  97.867 100.000 101.508 102.789 106.150
    Durable goods.......................... 116.909 113.741 111.693 109.479 106.672 102.907 101.005 100.000  98.488  96.714  95.537
    Nondurable goods.......................  84.160  86.259  90.006  90.952  90.878  92.791  96.120 100.000 103.215 106.250 112.188
  Services.................................  81.695  83.515  85.824  88.428  90.807  93.692  96.687 100.000 103.411 106.964 110.582

Gross private domestic investment..........  89.109  88.989  89.954  90.748  91.118  92.411  95.632 100.000 104.371 106.677 107.355
  Fixed investment.........................  88.756  88.700  89.751  90.553  90.924  92.301  95.541 100.000 104.419 106.718 107.551
    Nonresidential.........................  97.587  96.173  96.219  95.788  95.363  95.355  96.834 100.000 103.534 106.209 107.897
      Structures...........................  67.480  69.559  72.298  76.087  79.292  82.174  88.441 100.000 112.922 121.275 125.207
      Equipment and software............... 110.641 107.406 106.114 103.603 101.494 100.287  99.897 100.000 100.194 100.715 101.455
    Residential............................  71.412  74.151  77.415  80.994  83.002  86.953  93.296 100.000 106.081 107.513 105.779
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............  90.972  90.408  91.999  91.627  91.253  93.216  96.517 100.000 103.447 107.103 112.389

Imports of goods and services..............  85.748  86.250  89.963  87.762  86.784  89.796  94.144 100.000 104.144 108.017 119.559

Government consumption expenditures and
 gross investment..........................  76.879  79.337  82.513  84.764  87.003  90.650  94.531 100.000 104.842 109.552 114.502
  Federal..................................  77.931  79.886  82.524  84.201  87.318  91.024  95.335 100.000 104.107 107.754 110.938
  State and local..........................  76.320  79.036  82.482  85.019  86.810  90.425  94.062 100.000 105.276 110.615 116.642

Addenda:
  PCE excluding food and energy\1\.........  88.242  89.555  91.111  92.739  94.345  95.784  97.788 100.000 102.292 104.699 107.207
  Market-based PCE\2\......................  87.074  88.306  90.421  92.139  93.157  94.983  97.246 100.000 102.762 105.334 108.954
  Market-based PCE excluding food
   and energy\2\...........................  89.611  90.722  92.092  93.715  95.110  96.403  98.078 100.000 102.234 104.368 106.811
  Final sales of domestic product..........  85.443  86.720  88.623  90.631  92.089  94.089  96.759 100.000 103.266 106.226 108.507
  Gross domestic purchases.................  84.962  86.304  88.463  90.123  91.422  93.550  96.400 100.000 103.380 106.408 109.765
  Final sales to domestic purchasers.......  84.896  86.257  88.436  90.098  91.396  93.537  96.389 100.000 103.384 106.412 109.792
  Gross national product...................  85.505  86.764  88.646  90.652  92.108  94.095  96.765 100.000 103.265 106.223 108.484

  Implicit price deflators:
    Gross domestic product.................  85.511  86.768  88.647  90.650  92.118  94.100  96.770 100.000 103.257 106.214 108.483
    Final sales of domestic product........  85.443  86.720  88.623  90.631  92.089  94.089  96.759 100.000 103.266 106.226 108.507
    Gross domestic purchases...............  84.966  86.307  88.461  90.119  91.426  93.550  96.402 100.000 103.375 106.400 109.767
    Final sales to domestic purchasers.....  84.896  86.257  88.436  90.098  91.396  93.537  96.389 100.000 103.384 106.412 109.792
    Gross national product.................  85.509  86.766  88.645  90.648  92.113  94.096  96.767 100.000 103.260 106.215 108.486
-----------------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  2. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the expenses of nonprofit institutions
serving households. Percent changes for these series are included in
the addenda to table 8 and in appendix table A.
  See "Explanatory Note" at the end of the tables.

                                       Table 6. Price Indexes for Gross Domestic Product--Continues
                                          [Index numbers, 2005=100; quarters seasonally adjusted]
-------------------------------------------------------------------------------------------------------------------------------------------
                                               I 04   II 04  III 04   IV 04    I 05   II 05  III 05   IV 05    I 06   II 06  III 06   IV 06
-------------------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............  95.624  96.441  97.146  97.864  98.774  99.445 100.470 101.312 102.071 102.980 103.763 104.237

Personal consumption expenditures
 (PCE).....................................  96.068  96.779  97.376  98.167  98.754  99.374 100.495 101.377 101.803 102.567 103.316 103.298
  Goods....................................  97.110  97.654  97.751  98.953  98.847  99.103 100.846 101.203 101.116 101.765 102.329 100.822
    Durable goods.......................... 101.419 101.344 100.598 100.657 100.548 100.385  99.623  99.444  99.141  98.742  98.281  97.789
    Nondurable goods.......................  94.724  95.601  96.160  97.994  97.886  98.375 101.542 102.197 102.229 103.472 104.621 102.539
  Services.................................  95.513  96.314  97.175  97.748  98.704  99.520 100.306 101.470 102.171 102.998 103.844 104.630

Gross private domestic investment..........  94.059  95.181  96.194  97.092  98.208  99.258 100.570 101.964 103.139 104.026 104.666 105.653
  Fixed investment.........................  93.957  95.088  96.113  97.006  98.146  99.237 100.605 102.012 103.195 104.089 104.713 105.677
    Nonresidential.........................  95.927  96.603  97.111  97.696  98.780  99.572 100.248 101.401 102.279 103.112 103.878 104.868
      Structures...........................  85.083  87.025  89.449  92.209  95.042  97.673 101.447 105.838 108.823 111.791 113.962 117.111
      Equipment and software...............  99.926 100.106  99.887  99.669 100.114 100.234  99.812  99.840  99.977 100.042 100.285 100.472
    Residential............................  90.544  92.463  94.377  95.802  97.026  98.640 101.224 103.110 104.890 105.940 106.295 107.199
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............  95.130  96.300  96.781  97.857  98.929  99.627 100.342 101.102 101.828 103.125 104.395 104.438

Imports of goods and services..............  92.123  93.415  94.385  96.654  97.470  98.831 100.863 102.836 103.243 104.322 105.121 103.889

Government consumption expenditures and
 gross investment..........................  92.767  93.889  95.041  96.425  98.167  99.248 100.686 101.898 103.232 104.644 105.437 106.055
  Federal..................................  93.996  95.180  95.755  96.408  99.173  99.680 100.420 100.728 103.101 104.187 104.502 104.637
  State and local..........................  92.053  93.139  94.624  96.432  97.578  98.993 100.842 102.588 103.307 104.916 105.990 106.892

Addenda:
  PCE excluding food and energy\1\.........  96.957  97.592  98.078  98.527  99.229  99.768 100.172 100.831 101.325 102.057 102.630 103.154
  Market-based PCE\2\......................  96.321  96.941  97.439  98.285  98.773  99.329 100.505 101.393 101.845 102.612 103.387 103.202
  Market-based PCE excluding food
   and energy\2\...........................  97.403  97.918  98.268  98.724  99.330  99.779 100.131 100.760 101.295 102.024 102.599 103.018
  Final sales of domestic product..........  95.614  96.431  97.137  97.854  98.766  99.442 100.475 101.318 102.075 102.985 103.767 104.237
  Gross domestic purchases.................  95.151  96.002  96.766  97.681  98.561  99.333 100.541 101.565 102.275 103.173 103.910 104.162
  Final sales to domestic purchasers.......  95.140  95.991  96.756  97.671  98.552  99.330 100.546 101.571 102.280 103.179 103.914 104.161
  Gross national product...................  95.621  96.438  97.142  97.861  98.771  99.442 100.471 101.316 102.075 102.983 103.766 104.237

  Implicit price deflators:
    Gross domestic product.................  95.626  96.435  97.131  97.862  98.766  99.438 100.461 101.309 102.071 102.973 103.756 104.218
    Final sales of domestic product........  95.608  96.425  97.130  97.847  98.758  99.434 100.469 101.312 102.071 102.982 103.764 104.233
    Gross domestic purchases...............  95.151  95.993  96.748  97.675  98.550  99.324 100.531 101.562 102.275 103.167 103.904 104.145
    Final sales to domestic purchasers.....  95.131  95.981  96.746  97.660  98.542  99.321 100.538 101.565 102.276 103.177 103.913 104.159
    Gross national product.................  95.623  96.433  97.128  97.860  98.764  99.437 100.463 101.314 102.076 102.976 103.760 104.217
-------------------------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  2. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the expenses of nonprofit institutions
serving households. Percent changes for these series are included in
the addenda to table 8 and in appendix table A.
  See "Explanatory Note" at the end of the tables.

                               Table 6. Price Indexes for Gross Domestic Product--Table Ends
                                  [Index numbers, 2005=100; quarters seasonally adjusted]
---------------------------------------------------------------------------------------------------------------------------
                                               I 07   II 07  III 07   IV 07    I 08   II 08  III 08   IV 08    I 09   II 09
---------------------------------------------------------------------------------------------------------------------------
        Gross domestic product............. 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.726

Personal consumption expenditures
 (PCE)..................................... 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.804
  Goods.................................... 101.612 102.548 102.627 104.370 105.689 106.678 108.451 103.784 102.186 102.853
    Durable goods..........................  97.395  97.052  96.375  96.034  96.037  95.832  95.537  94.743  94.326  94.399
    Nondurable goods....................... 104.010 105.678 106.187 109.126 111.185 112.838 115.759 108.971 106.739 107.723
  Services................................. 105.668 106.433 107.327 108.427 109.213 110.296 111.275 111.542 111.749 111.943

Gross private domestic investment.......... 106.375 106.547 106.761 107.024 106.586 106.745 107.350 108.738 108.245 107.566
  Fixed investment......................... 106.380 106.591 106.803 107.096 106.909 107.210 107.866 108.217 107.668 106.987
    Nonresidential......................... 105.686 106.104 106.354 106.693 106.617 107.161 108.314 109.498 109.154 108.121
      Structures........................... 119.716 120.794 121.786 122.804 122.976 123.800 125.814 128.238 127.092 124.100
      Equipment and software............... 100.611 100.766 100.712 100.769 100.590 101.019 101.797 102.415 102.450 102.325
    Residential............................ 107.604 107.307 107.455 107.686 107.271 106.838 105.807 103.198 101.915 102.539
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services.............. 105.355 106.516 107.396 109.144 111.156 113.890 115.638 108.871 105.265 105.368

Imports of goods and services.............. 104.711 106.332 107.937 113.088 117.234 123.069 125.203 112.730 103.746 104.845

Government consumption expenditures and
 gross investment.......................... 107.888 109.129 109.854 111.336 113.038 114.772 115.963 114.233 113.924 114.093
  Federal.................................. 106.808 107.737 107.896 108.577 110.077 111.265 111.784 110.628 111.084 111.256
  State and local.......................... 108.527 109.949 111.009 112.975 114.803 116.877 118.493 116.396 115.587 115.755

Addenda:
  PCE excluding food and energy\1\......... 103.862 104.318 104.904 105.714 106.333 106.976 107.652 107.866 108.173 108.702
  Market-based PCE\2\...................... 104.131 104.977 105.448 106.781 107.843 108.912 110.280 108.781 108.452 108.860
  Market-based PCE excluding food
   and energy\2\........................... 103.659 104.078 104.502 105.235 105.904 106.504 107.219 107.616 108.133 108.754
  Final sales of domestic product.......... 105.325 106.032 106.465 107.080 107.623 108.127 109.202 109.078 109.566 109.623
  Gross domestic purchases................. 105.229 106.024 106.592 107.786 108.678 109.722 110.871 109.790 109.395 109.596
  Final sales to domestic purchasers....... 105.228 106.030 106.598 107.795 108.723 109.785 110.940 109.718 109.311 109.502
  Gross national product................... 105.329 106.028 106.460 107.075 107.581 108.067 109.138 109.149 109.647   .....

  Implicit price deflators:
    Gross domestic product................. 105.310 106.008 106.447 107.069 107.534 108.069 109.172 109.172 109.691 109.753
    Final sales of domestic product........ 105.319 106.026 106.460 107.077 107.622 108.129 109.206 109.083 109.571 109.628
    Gross domestic purchases............... 105.215 106.008 106.581 107.783 108.637 109.729 110.910 109.805 109.422 109.619
    Final sales to domestic purchasers..... 105.224 106.025 106.594 107.792 108.723 109.787 110.942 109.721 109.314 109.505
    Gross national product................. 105.311 106.007 106.444 107.070 107.538 108.076 109.181 109.167 109.678   .....
---------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  2. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the expenses of nonprofit institutions
serving households. Percent changes for these series are included in
the addenda to table 8 and in appendix table A.
  See "Explanatory Note" at the end of the tables.

                                  Table 7. Real Gross Domestic Product: Percent Change From Preceding Year--Continues
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                          1960   1961   1962   1963   1964   1965   1966   1967   1968   1969   1970   1971   1972   1973   1974   1975
-------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....    2.5    2.3    6.1    4.4    5.8    6.4    6.5    2.5    4.8    3.1     .2    3.4    5.3    5.8    -.6    -.2

Personal consumption expenditures......    2.7    2.1    4.9    4.1    6.0    6.3    5.7    3.0    5.8    3.7    2.3    3.8    6.2    5.0    -.8    2.3
  Goods................................    1.8     .6    5.1    4.0    6.0    7.1    6.3    2.0    6.2    3.1     .8    4.2    6.5    5.2   -3.6     .7
    Durable goods......................    2.0   -3.4   11.4    9.2    9.3   12.4    8.3    1.5   11.1    3.7   -2.6   10.0   12.4   10.5   -6.4     .2
    Nondurable goods...................    1.7    2.0    3.1    2.2    4.7    5.0    5.6    2.1    4.2    2.8    2.2    1.9    4.0    2.9   -2.4     .9
  Services.............................    3.9    3.7    4.7    4.2    6.0    5.5    5.0    4.1    5.3    4.5    3.9    3.5    5.8    4.7    1.9    3.8

Gross private domestic investment......     .0    -.7   12.7    6.7    8.2   14.0    8.8   -4.6    5.8    5.8   -6.6   11.4   11.8   11.7   -7.4  -17.7
  Fixed investment.....................     .9    -.3    9.0    7.7    9.7   10.2    5.7   -1.8    7.0    6.2   -2.1    7.6   12.0    9.1   -6.3  -10.7
    Nonresidential.....................    5.7    -.6    8.7    5.6   11.9   17.4   12.5   -1.3    4.5    7.6    -.5     .0    9.2   14.6     .8   -9.9
      Structures.......................    8.0    1.4    4.6    1.2   10.4   15.9    6.8   -2.5    1.4    5.4     .3   -1.6    3.1    8.2   -2.2  -10.5
      Equipment and software...........    4.2   -1.9   11.6    8.4   12.8   18.3   16.0    -.7    6.2    8.8   -1.0    1.0   12.9   18.3    2.6   -9.5
    Residential........................   -7.1     .3    9.6   11.8    5.8   -2.9   -8.9   -3.1   13.6    3.0   -6.0   27.4   17.8    -.6  -20.6  -13.0
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................   17.4     .5    5.0    7.2   11.8    2.8    6.9    2.3    7.9    4.8   10.7    1.7    7.5   18.9    7.9    -.6
    Goods..............................   23.4     .5    4.4    7.9   13.7     .5    6.9     .5    7.9    5.2   11.4    -.4   10.8   23.0    7.9   -2.3
    Services...........................    1.6     .6    6.9    5.1    6.0   10.2    6.9    7.9    7.7    3.7    8.9    7.7    -.6    7.1    7.8    6.1
  Imports..............................    1.3    -.7   11.4    2.7    5.3   10.6   14.9    7.3   14.9    5.7    4.3    5.3   11.3    4.6   -2.3  -11.1
    Goods..............................   -1.7    -.1   14.8    4.0    6.6   14.1   15.8    5.3   20.6    5.5    3.9    8.4   13.6    7.1   -2.8  -12.6
    Services...........................    7.8   -1.7    4.7    -.1    2.6    2.9   12.7   12.2    1.8    6.3    5.2   -2.8    4.2   -3.4    -.1   -4.3

Government consumption expenditures
 and gross investment..................     .2    5.0    6.2    2.6    2.2    3.0    8.8    7.7    3.1    -.2   -2.4   -2.2    -.7    -.4    2.5    2.3
  Federal..............................   -2.7    4.2    8.5     .1   -1.3     .0   11.1   10.0     .8   -3.4   -7.4   -7.7   -4.1   -4.2     .9     .3
    National defense...................   -1.6    4.4    6.0   -2.4   -4.0   -2.1   14.3   13.1    1.6   -4.9   -9.1  -11.3   -7.8   -5.5    -.8    -.9
    Nondefense.........................   -7.9    3.0   20.7   10.7    8.7    6.8    1.0    -.9   -2.4    2.7   -1.1    4.7    7.1    -.6    5.2    3.4
  State and local......................    4.4    6.2    3.1    6.0    6.8    6.7    6.3    5.1    5.9    3.4    2.8    3.1    2.2    2.9    3.8    3.7

Addenda:
  Final sales of domestic product......    2.6    2.4    5.5    4.5    6.0    5.8    6.0    3.1    5.0    3.1     .9    2.8    5.3    5.3    -.3    1.1
  Gross domestic purchases.............    1.8    2.3    6.3    4.2    5.5    6.8    6.9    2.8    5.2    3.1    -.2    3.6    5.5    5.0   -1.3   -1.1
  Final sales to domestic purchasers...    1.9    2.4    5.8    4.3    5.6    6.2    6.4    3.3    5.3    3.2     .6    3.0    5.5    4.5   -1.0     .2
  Gross national product...............    2.5    2.4    6.1    4.4    5.8    6.4    6.4    2.5    4.9    3.1     .2    3.4    5.3    6.0    -.4    -.5
  Real disposable personal income......    2.6    3.4    4.9    3.8    7.2    6.2    5.3    4.4    4.5    3.2    4.3    4.5    4.8    6.8    -.8    2.2

  Price indexes:
    Gross domestic purchases...........    1.4    1.1    1.3    1.2    1.6    1.7    2.8    2.9    4.2    4.9    5.4    5.1    4.4    5.8   10.3    9.3
    Gross domestic purchases excluding
     food and energy\1\................  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
    GDP................................    1.4    1.1    1.4    1.1    1.6    1.8    2.8    3.1    4.3    4.9    5.3    5.0    4.3    5.5    9.0    9.5
    GDP excluding food and energy\1\...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
    Personal consumption expenditures..    1.6    1.0    1.2    1.2    1.5    1.4    2.5    2.5    3.9    4.5    4.7    4.2    3.4    5.4   10.4    8.4
-------------------------------------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.

                                  Table 7. Real Gross Domestic Product: Percent Change From Preceding Year--Continues
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                          1976   1977   1978   1979   1980   1981   1982   1983   1984   1985   1986   1987   1988   1989   1990   1991
-------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....    5.4    4.6    5.6    3.1    -.3    2.5   -1.9    4.5    7.2    4.1    3.5    3.2    4.1    3.6    1.9    -.2

Personal consumption expenditures......    5.6    4.2    4.4    2.4    -.4    1.5    1.4    5.7    5.3    5.2    4.1    3.1    4.0    2.8    2.0     .1
  Goods................................    7.0    4.3    4.1    1.6   -2.5    1.2     .7    6.4    7.2    5.3    5.6    1.8    3.7    2.5     .6   -2.0
    Durable goods......................   12.5    8.8    5.2    -.5   -8.0    1.0    -.2   14.3   14.3   10.0    9.6    2.0    5.7    2.2    -.4   -5.4
    Nondurable goods...................    4.8    2.3    3.6    2.6    -.2    1.3    1.0    3.3    4.1    3.0    3.6    1.7    2.6    2.7    1.2    -.3
  Services.............................    4.3    4.1    4.7    3.1    1.5    1.8    1.9    5.2    3.9    5.2    3.0    4.0    4.2    3.0    3.0    1.5

Gross private domestic investment......   20.2   15.1   12.1    3.2  -11.0    9.0  -14.0    9.3   29.5    -.9    -.7    3.1    2.4    4.0   -3.4   -8.1
  Fixed investment.....................    9.9   14.4   12.1    5.6   -6.5    2.2   -7.0    7.3   16.9    5.3    1.2     .5    3.3    3.0   -2.1   -6.5
    Nonresidential.....................    4.9   11.3   15.0   10.1    -.3    5.7   -3.8   -1.3   17.6    6.6   -2.9    -.1    5.2    5.6     .5   -5.4
      Structures.......................    2.4    4.1   14.4   12.7    5.9    8.0   -1.6  -10.8   13.9    7.1  -11.0   -2.9     .7    2.0    1.5  -11.1
      Equipment and software...........    6.3   15.1   15.2    8.7   -3.6    4.3   -5.2    5.4   19.8    6.4    1.9    1.4    7.5    7.3     .0   -2.6
    Residential........................   23.5   21.5    6.3   -3.7  -21.2   -8.0  -18.2   41.4   14.8    1.6   12.3    2.0   -1.0   -3.0   -8.6   -9.6
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................    4.4    2.4   10.5    9.9   10.8    1.2   -7.6   -2.6    8.2    3.0    7.7   10.8   16.0   11.5    9.0    6.6
    Goods..............................    4.7    1.3   11.2   11.8   11.9   -1.1   -9.0   -2.9    7.9    3.7    5.1   11.1   18.8   11.9    8.4    6.9
    Services...........................    3.0    6.5    8.4    3.1    6.2   10.7   -2.8   -1.7    8.9    1.2   14.5   10.0    9.0   10.3   10.5    6.0
  Imports..............................   19.6   10.9    8.7    1.7   -6.6    2.6   -1.3   12.6   24.3    6.5    8.5    5.9    3.9    4.4    3.6    -.1
    Goods..............................   22.6   12.2    9.0    1.7   -7.4    2.1   -2.5   13.6   24.2    6.3   10.2    4.6    4.0    4.3    2.9     .5
    Services...........................    6.9    5.0    7.1    1.4   -2.2    5.8    5.3    8.1   25.1    7.6    1.1   11.8    3.4    4.8    6.5   -2.6

Government consumption expenditures
 and gross investment..................     .4    1.1    2.9    1.9    1.9     .9    1.8    3.7    3.4    7.0    6.1    2.4    1.3    2.7    3.2    1.1
  Federal..............................     .0    2.1    2.5    2.4    4.7    4.8    3.9    6.6    3.1    7.8    5.7    3.6   -1.6    1.6    2.0    -.2
    National defense...................    -.3    1.2     .9    3.0    4.4    6.3    7.6    7.2    4.9    8.5    6.4    4.7    -.5    -.5     .0   -1.1
    Nondefense.........................    1.0    4.3    6.2    1.1    5.6    1.3   -4.8    5.2   -1.9    5.9    3.4    -.1   -5.3    8.3    8.2    2.3
  State and local......................     .7     .4    3.3    1.5    -.1   -2.0     .0    1.2    3.6    6.2    6.4    1.4    3.7    3.7    4.1    2.1

Addenda:
  Final sales of domestic product......    3.9    4.4    5.5    3.6     .6    1.4    -.6    4.2    5.2    5.3    3.8    2.8    4.3    3.4    2.1     .0
  Gross domestic purchases.............    6.5    5.3    5.5    2.4   -1.9    2.7   -1.3    5.8    8.7    4.4    3.7    2.9    3.2    3.0    1.4    -.9
  Final sales to domestic purchasers...    5.1    5.1    5.4    2.9   -1.0    1.5     .0    5.5    6.7    5.6    4.0    2.5    3.3    2.8    1.6    -.6
  Gross national product...............    5.5    4.7    5.5    3.4    -.3    2.4   -1.9    4.4    7.1    3.8    3.2    3.2    4.2    3.6    2.0    -.3
  Real disposable personal income......    4.0    3.4    4.7    2.3    1.0    2.7    2.2    3.3    7.2    3.1    3.3    1.6    4.3    2.7    1.9     .8

  Price indexes:
    Gross domestic purchases...........    5.7    6.8    7.1    8.8   10.5    9.2    5.7    3.5    3.5    2.8    2.3    3.1    3.4    3.8    4.1    3.3
    Gross domestic purchases excluding
     food and energy\1\................  .....  .....  .....  .....  .....  .....  .....    3.9    3.7    3.1    3.1    3.2    3.7    3.6    3.8    3.4
    GDP................................    5.7    6.4    7.0    8.3    9.1    9.4    6.1    3.9    3.8    3.0    2.2    2.8    3.4    3.8    3.9    3.5
    GDP excluding food and energy\1\...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....    2.4    2.9    3.4    3.7    3.8    3.5
    Personal consumption expenditures..    5.5    6.5    7.0    8.9   10.7    8.9    5.5    4.3    3.8    3.3    2.4    3.6    4.0    4.3    4.6    3.6
-------------------------------------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.

                                     Table 7. Real Gross Domestic Product: Percent Change From Preceding Year--Table Ends
--------------------------------------------------------------------------------------------------------------------------------------------------------------
                                          1992   1993   1994   1995   1996   1997   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008
--------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....    3.4    2.9    4.1    2.5    3.7    4.5    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4

Personal consumption expenditures......    3.4    3.6    3.8    2.7    3.5    3.7    5.2    5.5    5.1    2.7    2.7    2.8    3.5    3.4    2.9    2.6    -.2
  Goods................................    3.2    4.2    5.3    3.0    4.5    4.8    6.8    8.0    5.3    3.1    4.1    4.6    4.4    4.0    3.3    3.1   -2.1
    Durable goods......................    5.7    7.5    8.0    3.9    7.5    8.2   12.2   13.0    8.8    5.4    7.6    6.0    6.6    5.2    4.1    4.3   -4.5
    Nondurable goods...................    1.9    2.5    3.9    2.5    2.9    2.9    3.8    5.1    3.2    1.8    2.0    3.7    3.2    3.4    2.8    2.5    -.8
  Services.............................    3.6    3.2    3.0    2.5    2.9    3.1    4.4    4.1    5.0    2.5    1.9    1.9    2.9    3.0    2.7    2.4     .7

Gross private domestic investment......    8.1    8.9   13.6    3.1    8.8   12.4   10.0    8.8    6.8   -7.0   -1.4    3.6   10.0    5.5    2.7   -3.8   -7.3
  Fixed investment.....................    5.9    8.6    9.4    6.4    9.0    9.2   10.9    9.3    7.4   -1.9   -4.2    3.2    7.3    6.5    2.3   -2.1   -5.1
    Nonresidential.....................    3.2    8.7    9.2   10.5    9.3   12.1   12.0   10.4    9.8   -2.8   -7.9     .9    6.0    6.7    7.9    6.2    1.6
      Structures.......................   -6.0    -.6    1.8    6.4    5.7    7.3    5.1     .1    7.8   -1.5  -17.7   -3.8    1.1    1.4    9.2   14.9   10.3
      Equipment and software...........    7.3   12.5   11.9   12.0   10.6   13.8   14.5   14.1   10.5   -3.2   -4.2    2.5    7.7    8.5    7.4    2.6   -2.6
    Residential........................   13.8    8.2    9.7   -3.3    8.0    1.9    7.7    6.3    1.0     .6    5.2    8.2    9.8    6.2   -7.3  -18.5  -22.9
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................    6.9    3.3    8.7   10.1    8.3   11.9    2.3    4.4    8.6   -5.6   -2.0    1.6    9.5    6.7    9.0    8.7    5.4
    Goods..............................    7.5    3.3    9.7   11.7    8.8   14.4    2.2    3.8   11.1   -6.2   -3.6    1.8    8.5    7.5    9.4    7.4    5.9
    Services...........................    5.4    3.3    6.4    6.3    7.0    5.9    2.4    5.7    2.7   -4.1    1.9    1.2   11.9    5.0    7.9   11.8    4.2
  Imports..............................    7.0    8.6   11.9    8.0    8.7   13.5   11.7   11.5   13.0   -2.8    3.4    4.4   11.0    6.1    6.1    2.0   -3.2
    Goods..............................    9.4   10.0   13.4    9.0    9.4   14.4   11.8   12.5   13.4   -3.2    3.7    4.9   11.0    6.8    5.9    1.7   -3.9
    Services...........................   -2.7    2.7    5.3    3.0    5.2    8.7   10.9    6.8   11.0    -.8    1.8    1.9   11.2    2.8    7.1    3.5     .7

Government consumption expenditures
 and gross investment..................     .5    -.8     .0     .6    1.0    1.9    2.1    3.6    2.0    3.8    4.7    2.2    1.4     .3    1.4    1.7    3.1
  Federal..............................   -1.8   -3.9   -3.8   -2.7   -1.2   -1.0   -1.1    1.9     .5    4.1    7.3    6.6    4.1    1.3    2.1    1.3    7.7
    National defense...................   -5.0   -5.3   -4.9   -3.7   -1.3   -2.8   -2.1    1.9    -.5    3.8    7.4    8.7    5.7    1.5    1.6    2.2    7.8
    Nondefense.........................    6.6    -.7   -1.4    -.4    -.8    2.7     .8    2.1    2.4    4.6    7.2    2.8    1.0     .9    3.2    -.6    7.3
  State and local......................    2.2    1.5    2.6    2.7    2.3    3.6    3.9    4.5    2.8    3.7    3.3    -.1    -.2    -.2     .9    2.0     .5

Addenda:
  Final sales of domestic product......    3.1    2.8    3.5    3.0    3.7    3.9    4.4    4.9    4.2    2.0    1.3    2.4    3.2    3.2    2.6    2.5     .8
  Gross domestic purchases.............    3.4    3.4    4.5    2.4    3.8    4.7    5.5    5.7    4.8    1.2    2.4    2.8    4.0    3.2    2.6    1.4    -.7
  Final sales to domestic purchasers...    3.1    3.3    3.8    2.8    3.8    4.2    5.6    5.8    4.9    2.1    1.9    2.8    3.6    3.3    2.5    1.7    -.4
  Gross national product...............    3.4    2.8    3.9    2.6    3.7    4.3    4.3    4.9    4.2    1.2    1.8    2.6    3.7    3.1    2.4    2.4     .6
  Real disposable personal income......    3.5    1.7    3.2    3.0    3.3    3.5    6.0    3.0    5.1    2.4    3.3    2.5    3.4    1.3    4.0    2.2     .5

  Price indexes:
    Gross domestic purchases...........    2.4    2.1    2.1    2.1    1.8    1.5     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2
    Gross domestic purchases excluding
     food and energy\1\................    2.6    2.2    2.2    2.2    1.6    1.5    1.0    1.5    2.0    1.8    1.7    2.0    2.7    3.3    3.2    2.7    2.6
    GDP................................    2.4    2.2    2.1    2.1    1.9    1.8    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1
    GDP excluding food and energy\1\...    2.5    2.2    2.1    2.1    1.8    1.8    1.2    1.6    2.2    2.0    1.8    2.1    2.8    3.5    3.3    2.8    2.3
    Personal consumption expenditures..    2.9    2.2    2.1    2.2    2.2    1.9    1.0    1.6    2.5    1.9    1.4    2.0    2.6    3.0    2.7    2.7    3.3
--------------------------------------------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.

                     Table 7A. Gross Domestic Product: Levels, Percent Change from Preceding Year, and Revision to Percent Change
---------------------------------------------------------------------------------------------------------------------------------------------------------
                        Billions of dollars                      Percent change from preceding year                     Revision to percent
                                                                                                                   change from preceding year\2\
           ----------------------------------------------  ----------------------------------------------  ----------------------------------------------
            GDP      PCE   Gross  Exports Imports Govern-    GDP     PCE   Gross  Exports Imports Govern-    GDP     PCE   Gross  Exports Imports Govern-
                          private   of      of    ment\1\                 private   of      of    ment\1\                 private   of      of    ment\1\
                           domes-  goods   goods                           domes-  goods   goods                           domes-  goods   goods
                          tic in-   and     and                           tic in-   and     and                           tic in-   and     and
                            vest-  serv-   serv-                            vest-  serv-   serv-                            vest-  serv-   serv-
                            ment    ices    ices                            ment    ices    ices                            ment    ices    ices
---------------------------------------------------------------------------------------------------------------------------------------------------------
1959...    506.6    317.7    78.5    22.7    22.3   110.0     8.4     7.3    21.8    10.5    11.5     3.8      .0      .1      .0      .0      .0      .0

1960...    526.4    331.8    78.9    27.0    22.8   111.5     3.9     4.4      .5    19.0     2.3     1.4      .0      .0      .0      .0      .0      .0
1961...    544.8    342.2    78.2    27.6    22.7   119.5     3.5     3.1     -.9     2.1     -.7     7.1      .0      .0      .0      .0      .0      .0
1962...    585.7    363.3    88.1    29.1    25.0   130.1     7.5     6.2    12.8     5.3    10.0     8.9      .0      .0      .0      .0      .0      .0
1963...    617.8    382.7    93.8    31.1    26.1   136.4     5.5     5.3     6.4     6.9     4.7     4.8      .0      .0      .0      .0      .0      .0
1964...    663.6    411.5   102.1    35.0    28.1   143.2     7.4     7.5     8.9    12.7     7.5     5.0      .0      .0      .0      .0      .0      .0

1965...    719.1    443.8   118.2    37.1    31.5   151.4     8.4     7.9    15.9     6.1    12.2     5.7      .0      .0      .0      .0      .0     -.1
1966...    787.7    480.9   131.3    40.9    37.1   171.6     9.5     8.4    11.0    10.2    17.5    13.3      .0      .0      .0      .0      .0     -.1
1967...    832.4    507.8   128.6    43.5    39.9   192.5     5.7     5.6    -2.1     6.2     7.7    12.2      .0      .0      .0      .0      .0      .0
1968...    909.8    558.0   141.2    47.9    46.6   209.3     9.3     9.9     9.8    10.2    16.6     8.7      .0      .0      .0      .0      .0      .0
1969...    984.4    605.1   156.4    51.9    50.5   221.4     8.2     8.4    10.8     8.4     8.5     5.8      .0     -.1      .0      .0      .0      .0

1970...  1,038.3    648.3   152.4    59.7    55.8   233.7     5.5     7.1    -2.6    15.0    10.4     5.5      .0      .0      .0      .0      .0      .0
1971...  1,126.8    701.6   178.2    63.0    62.3   246.4     8.5     8.2    16.9     5.4    11.8     5.4      .0      .0      .0      .0      .0      .0
1972...  1,237.9    770.2   207.6    70.8    74.2   263.4     9.9     9.8    16.5    12.5    19.0     6.9      .0      .0      .0      .0      .0      .0
1973...  1,382.3    852.0   244.5    95.3    91.2   281.7    11.7    10.6    17.8    34.5    22.8     6.9      .0      .0      .0      .0      .0      .0
1974...  1,499.5    932.9   249.4   126.7   127.5   317.9     8.5     9.5     2.0    32.9    39.8    12.9      .0      .0      .0      .0      .0      .0

1975...  1,637.7  1,033.8   230.2   138.7   122.7   357.7     9.2    10.8    -7.7     9.5    -3.7    12.5      .0      .0      .0      .0      .0      .0
1976...  1,824.6  1,151.3   292.0   149.5   151.1   383.0    11.4    11.4    26.8     7.8    23.2     7.1      .0      .0      .0      .0      .0      .0
1977...  2,030.1  1,277.8   361.3   159.4   182.4   414.1    11.3    11.0    23.8     6.6    20.7     8.1      .0      .0      .0      .0      .0      .0
1978...  2,293.8  1,427.6   438.0   186.9   212.3   453.6    13.0    11.7    21.2    17.3    16.3     9.5      .0      .0      .0      .0      .0      .0
1979...  2,562.2  1,591.2   492.9   230.1   252.7   500.7    11.7    11.5    12.5    23.1    19.0    10.4      .0      .0      .0      .0      .0      .0

1980...  2,788.1  1,755.8   479.3   280.8   293.8   566.1     8.8    10.3    -2.8    22.0    16.3    13.1      .0     -.1      .0      .0      .0      .0
1981...  3,126.8  1,939.5   572.4   305.2   317.8   627.5    12.1    10.5    19.4     8.7     8.1    10.8     -.1      .0      .0      .0      .0      .0
1982...  3,253.2  2,075.5   517.2   283.2   303.2   680.4     4.0     7.0    -9.6    -7.2    -4.6     8.4      .0      .0      .0      .0      .0      .0
1983...  3,534.6  2,288.6   564.3   277.0   328.6   733.4     8.7    10.3     9.1    -2.2     8.4     7.8      .0      .0      .0      .0      .0      .0
1984...  3,930.9  2,501.1   735.6   302.4   405.1   796.9    11.2     9.3    30.4     9.2    23.3     8.7      .0      .0      .0      .0      .0      .0

1985...  4,217.5  2,717.6   736.2   302.0   417.2   878.9     7.3     8.7      .1     -.1     3.0    10.3      .0      .0      .0      .0      .0      .0
1986...  4,460.1  2,896.7   746.5   320.3   452.9   949.3     5.8     6.6     1.4     6.1     8.5     8.0      .1      .0      .0      .0     -.1      .0
1987...  4,736.4  3,097.0   785.0   363.8   508.7   999.4     6.2     6.9     5.1    13.6    12.3     5.3      .0      .0      .0      .1      .0      .0
1988...  5,100.4  3,350.1   821.6   443.9   554.0 1,038.9     7.7     8.2     4.7    22.0     8.9     4.0      .0      .0      .0      .0      .0      .0
1989...  5,482.1  3,594.5   874.9   503.1   591.0 1,100.6     7.5     7.3     6.5    13.4     6.7     5.9      .0      .0      .0      .1      .0      .1

1990...  5,800.5  3,835.5   861.0   552.1   629.7 1,181.7     5.8     6.7    -1.6     9.7     6.5     7.4      .0      .0      .0      .0     -.1      .0
1991...  5,992.1  3,980.1   802.9   596.6   623.5 1,236.1     3.3     3.8    -6.7     8.1    -1.0     4.6      .0      .0      .0      .0      .0      .0
1992...  6,342.3  4,236.9   864.8   635.0   667.8 1,273.5     5.8     6.5     7.7     6.4     7.1     3.0      .1      .2      .0      .0      .0      .0
1993...  6,667.4  4,483.6   953.3   655.6   720.0 1,294.8     5.1     5.8    10.2     3.2     7.8     1.7      .1      .1      .0      .0      .0      .1
1994...  7,085.2  4,750.8 1,097.3   720.7   813.4 1,329.8     6.3     6.0    15.1     9.9    13.0     2.7      .1      .1      .0      .0      .0      .0

1995...  7,414.7  4,987.3 1,144.0   811.9   902.6 1,374.0     4.7     5.0     4.3    12.7    11.0     3.3      .1      .1      .0      .0      .1      .0
1996...  7,838.5  5,273.6 1,240.2   867.7   964.0 1,421.0     5.7     5.7     8.4     6.9     6.8     3.4      .0      .1      .0      .0      .0      .0
1997...  8,332.4  5,570.6 1,388.7   954.4 1,055.8 1,474.4     6.3     5.6    12.0    10.0     9.5     3.8      .1      .1     -.1      .0      .0      .1
1998...  8,793.5  5,918.5 1,510.8   953.9 1,115.7 1,526.1     5.5     6.2     8.8     -.1     5.7     3.5      .2      .2      .2     -.2      .1      .1
1999...  9,353.5  6,342.8 1,641.5   989.3 1,251.4 1,631.3     6.4     7.2     8.7     3.7    12.2     6.9      .4      .3     1.0      .0      .0      .2

2000...  9,951.5  6,830.4 1,772.2 1,093.2 1,475.3 1,731.0     6.4     7.7     8.0    10.5    17.9     6.1      .5      .4     1.2     -.1      .0     -.1
2001... 10,286.2  7,148.8 1,661.9 1,027.7 1,398.7 1,846.4     3.4     4.7    -6.2    -6.0    -5.2     6.7      .2      .0      .8     -.2     -.1      .7
2002... 10,642.3  7,439.2 1,647.0 1,003.0 1,430.2 1,983.3     3.5     4.1     -.9    -2.4     2.3     7.4      .1     -.1     1.1      .2      .1      .0
2003... 11,142.1  7,804.0 1,729.7 1,041.0 1,545.1 2,112.6     4.7     4.9     5.0     3.8     8.0     6.5      .0      .1     -.2      .3      .3     -.2
2004... 11,867.8  8,285.1 1,968.6 1,180.2 1,798.9 2,232.8     6.5     6.2    13.8    13.4    16.4     5.7     -.1     -.2      .3     -.2     -.3     -.2

2005... 12,638.4  8,819.0 2,172.2 1,305.1 2,027.8 2,369.9     6.5     6.4    10.3    10.6    12.7     6.1      .2      .3     -.2     -.3      .1     -.1
2006... 13,398.9  9,322.7 2,327.2 1,471.0 2,240.3 2,518.4     6.0     5.7     7.1    12.7    10.5     6.3     -.1     -.2      .7     -.2      .0     -.2
2007... 14,077.6  9,826.4 2,288.5 1,655.9 2,369.7 2,676.5     5.1     5.4    -1.7    12.6     5.8     6.3      .3     -.1     2.4      .3     -.1     -.3
2008... 14,441.4 10,129.9 2,136.1 1,831.1 2,538.9 2,883.2     2.6     3.1    -6.7    10.6     7.1     7.7     -.7     -.5     -.3    -1.2      .4     -.1
---------------------------------------------------------------------------------------------------------------------------------------------------------
GDP Gross domestic product.
PCE Personal consumption expenditures.
1. Government consumption expenditures and gross investment.
2. Revised percent change less the previously published percent change.

                       Table 7B.--Real Gross Domestic Product: Levels, Percent Change from Preceding Year, and Revision to Percent Change
----------------------------------------------------------------------------------------------------------------------------------------------------------------
                  Billions of chained (2005) dollars                   Percent change from preceding year                       Revision to percent
                                                                                                                          change from preceding year\2\
          ------------------------------------------------------  ----------------------------------------------  ----------------------------------------------
            GDP     PCE   Gross  Exports Imports Govern-  Resid-    GDP     PCE   Gross  Exports Imports Govern-     GDP    PCE   Gross  Exports Imports Govern-
                         private   of      of    ment\1\    ual                  private   of      of    ment\1\                 private   of      of    ment\1\
                          domes-  goods   goods                                   domes-  goods   goods                           domes-  goods   goods
                         tic in-   and     and                                   tic in-   and     and                           tic in-   and     and
                           vest-  serv-   serv-                                    vest-  serv-   serv-                            vest-  serv-   serv-
                           ment    ices    ices                                    ment    ices    ices                            ment    ices    ices
----------------------------------------------------------------------------------------------------------------------------------------------------------------
1959...  2,762.5 1,736.7   296.6    83.9   113.0   869.5  -111.2     7.2     5.7    20.2    10.3    10.5     3.4      .1      .1     -.1      .0      .0      .0

1960...  2,830.9 1,784.4   296.5    98.5   114.5   871.0  -105.0     2.5     2.7      .0    17.4     1.3      .2      .0     -.1      .0      .0      .0      .0
1961...  2,896.9 1,821.2   294.6    99.0   113.8   914.8  -118.9     2.3     2.1     -.7      .5     -.7     5.0      .0      .0      .0      .0      .0      .0
1962...  3,072.4 1,911.2   332.0   104.0   126.7   971.1  -119.2     6.1     4.9    12.7     5.0    11.4     6.2      .0     -.1      .0     -.1      .1      .0
1963...  3,206.7 1,989.9   354.3   111.5   130.1   996.1  -115.0     4.4     4.1     6.7     7.2     2.7     2.6      .0      .0      .0      .1      .0      .0
1964...  3,392.3 2,108.4   383.5   124.6   137.0 1,018.0  -105.2     5.8     6.0     8.2    11.8     5.3     2.2      .0      .0      .0      .0      .0      .0

1965...  3,610.1 2,241.8   437.3   128.1   151.6 1,048.7   -94.2     6.4     6.3    14.0     2.8    10.6     3.0      .0      .0      .0      .0      .0      .0
1966...  3,845.3 2,369.0   475.8   137.0   174.1 1,141.1  -103.5     6.5     5.7     8.8     6.9    14.9     8.8      .0      .0      .0      .0      .0      .0
1967...  3,942.5 2,440.0   454.1   140.1   186.8 1,228.7  -133.6     2.5     3.0    -4.6     2.3     7.3     7.7      .0      .0      .0      .0      .0      .0
1968...  4,133.4 2,580.7   480.5   151.1   214.7 1,267.2  -131.4     4.8     5.8     5.8     7.9    14.9     3.1      .0      .1      .0      .0      .0      .0
1969...  4,261.8 2,677.4   508.5   158.4   226.9 1,264.3  -119.9     3.1     3.7     5.8     4.8     5.7     -.2      .0      .0      .0      .0      .0      .0

1970...  4,269.9 2,740.2   475.1   175.5   236.6 1,233.7  -118.0      .2     2.3    -6.6    10.7     4.3    -2.4      .0      .0      .0      .0      .0      .0
1971...  4,413.3 2,844.6   529.3   178.4   249.2 1,206.9   -96.7     3.4     3.8    11.4     1.7     5.3    -2.2      .0      .0      .0      .0      .0      .0
1972...  4,647.7 3,019.5   591.9   191.8   277.2 1,198.1   -76.4     5.3     6.2    11.8     7.5    11.3     -.7      .0      .1      .0      .0      .0      .0
1973...  4,917.0 3,169.1   661.3   228.0   290.1 1,193.9   -45.2     5.8     5.0    11.7    18.9     4.6     -.4      .0      .1      .0      .0      .0      .0
1974...  4,889.9 3,142.8   612.6   246.0   283.5 1,224.0   -52.0     -.6     -.8    -7.4     7.9    -2.3     2.5     -.1      .0      .0      .0      .0      .0

1975...  4,879.5 3,214.1   504.1   244.5   252.0 1,251.6   -82.8     -.2     2.3   -17.7     -.6   -11.1     2.3      .0      .0      .0      .0      .0      .0
1976...  5,141.3 3,393.1   605.9   255.1   301.3 1,257.2   -68.7     5.4     5.6    20.2     4.4    19.6      .4      .1      .1      .0      .0      .1      .0
1977...  5,377.7 3,535.9   697.4   261.3   334.2 1,271.0   -53.7     4.6     4.2    15.1     2.4    10.9     1.1      .0      .0      .0      .0      .0      .0
1978...  5,677.6 3,691.8   781.5   288.8   363.2 1,308.4   -29.7     5.6     4.4    12.1    10.5     8.7     2.9      .0      .0      .0      .0      .0      .0
1979...  5,855.0 3,779.5   806.4   317.5   369.2 1,332.8   -12.0     3.1     2.4     3.2     9.9     1.7     1.9     -.1      .0      .0      .0      .0      .0

1980...  5,839.0 3,766.2   717.9   351.7   344.7 1,358.8   -10.9     -.3     -.4   -11.0    10.8    -6.6     1.9     -.1     -.1      .0      .0      .0     -.1
1981...  5,987.2 3,823.3   782.4   356.0   353.8 1,371.2     8.1     2.5     1.5     9.0     1.2     2.6      .9      .0      .1     -.2      .0      .0      .0
1982...  5,870.9 3,876.7   672.8   328.8   349.3 1,395.3   -53.4    -1.9     1.4   -14.0    -7.6    -1.3     1.8      .0      .0      .0      .0      .0      .0
1983...  6,136.2 4,098.3   735.5   320.3   393.4 1,446.3   -70.8     4.5     5.7     9.3    -2.6    12.6     3.7      .0      .0      .0      .0      .0      .0
1984...  6,577.1 4,315.6   952.1   346.4   489.1 1,494.9   -42.8     7.2     5.3    29.5     8.2    24.3     3.4      .0      .0      .0      .0      .0      .1

1985...  6,849.3 4,540.4   943.3   357.0   520.9 1,599.0   -69.5     4.1     5.2     -.9     3.0     6.5     7.0      .0      .0      .0      .0      .0      .0
1986...  7,086.5 4,724.5   936.9   384.4   565.4 1,696.2   -90.1     3.5     4.1     -.7     7.7     8.5     6.1      .0      .0      .0      .0     -.1      .0
1987...  7,313.3 4,870.3   965.7   425.7   598.9 1,737.1   -86.6     3.2     3.1     3.1    10.8     5.9     2.4     -.2     -.2      .0      .0      .0     -.1
1988...  7,613.9 5,066.6   988.5   493.9   622.4 1,758.9   -71.6     4.1     4.0     2.4    16.0     3.9     1.3      .0     -.1      .0      .0      .0      .0
1989...  7,885.9 5,209.9 1,028.1   550.6   649.8 1,806.8   -59.7     3.6     2.8     4.0    11.5     4.4     2.7      .1      .0      .0      .0      .0      .1

1990...  8,033.9 5,316.2   993.5   600.2   673.0 1,864.0   -67.0     1.9     2.0    -3.4     9.0     3.6     3.2      .0      .0      .0      .0      .0      .0
1991...  8,015.1 5,324.2   912.7   640.0   672.0 1,884.4   -74.2     -.2      .1    -8.1     6.6     -.1     1.1      .0     -.1      .0      .0      .5      .0
1992...  8,287.1 5,505.7   986.7   684.0   719.2 1,893.2   -63.3     3.4     3.4     8.1     6.9     7.0      .5      .1      .1      .0      .0      .0      .0
1993...  8,523.4 5,701.2 1,074.8   706.4   781.4 1,878.2   -55.8     2.9     3.6     8.9     3.3     8.6     -.8      .2      .3      .0      .1     -.2      .1
1994...  8,870.7 5,918.9 1,220.9   768.0   874.6 1,878.0   -40.5     4.1     3.8    13.6     8.7    11.9      .0      .1      .1      .0      .0      .0      .0

1995...  9,093.7 6,079.0 1,258.9   845.7   944.5 1,888.9   -34.3     2.5     2.7     3.1    10.1     8.0      .6      .0      .0      .0      .0      .0      .1
1996...  9,433.9 6,291.2 1,370.3   916.0 1,026.7 1,907.9   -24.8     3.7     3.5     8.8     8.3     8.7     1.0      .0      .1     -.1     -.1      .0      .0
1997...  9,854.3 6,523.4 1,540.8 1,025.1 1,165.0 1,943.8   -13.8     4.5     3.7    12.4    11.9    13.5     1.9      .0     -.1      .0      .0     -.1      .0
1998... 10,283.5 6,865.5 1,695.1 1,048.5 1,301.1 1,985.0    -9.5     4.4     5.2    10.0     2.3    11.7     2.1      .2      .2      .2     -.1      .1      .2
1999... 10,779.8 7,240.9 1,844.3 1,094.3 1,450.9 2,056.1    -4.9     4.8     5.5     8.8     4.4    11.5     3.6      .3      .4     1.0      .1      .0     -.3

2000... 11,226.0 7,608.1 1,970.3 1,188.3 1,639.9 2,097.8     1.4     4.1     5.1     6.8     8.6    13.0     2.0      .4      .4     1.1     -.1     -.1     -.1
2001... 11,347.2 7,813.9 1,831.9 1,121.6 1,593.8 2,178.3    -4.7     1.1     2.7    -7.0    -5.6    -2.8     3.8      .3      .2      .9     -.2     -.1      .4
2002... 11,553.0 8,021.9 1,807.0 1,099.2 1,648.0 2,279.6    -6.7     1.8     2.7    -1.4    -2.0     3.4     4.7      .2      .0     1.2      .3      .0      .3
2003... 11,840.7 8,247.6 1,871.6 1,116.8 1,720.7 2,330.5    -5.1     2.5     2.8     3.6     1.6     4.4     2.2      .0      .0      .0      .3      .3     -.3
2004... 12,263.8 8,532.7 2,058.2 1,222.8 1,910.8 2,362.0    -1.1     3.6     3.5    10.0     9.5    11.0     1.4      .0     -.1      .3     -.2     -.3      .0

2005... 12,638.4 8,819.0 2,172.2 1,305.1 2,027.8 2,369.9      .0     3.1     3.4     5.5     6.7     6.1      .3      .2      .4     -.3     -.3      .2     -.1
2006... 12,976.2 9,073.5 2,230.4 1,422.0 2,151.2 2,402.1     -.6     2.7     2.9     2.7     9.0     6.1     1.4     -.1     -.1      .6     -.1      .1     -.3
2007... 13,254.1 9,313.9 2,146.2 1,546.1 2,193.8 2,443.1    -1.4     2.1     2.6    -3.8     8.7     2.0     1.7      .1     -.2     1.6      .3     -.2     -.4
2008... 13,312.2 9,290.9 1,989.4 1,629.3 2,123.5 2,518.1     8.0      .4     -.2    -7.3     5.4    -3.2     3.1     -.7     -.4     -.6     -.8      .3      .2
----------------------------------------------------------------------------------------------------------------------------------------------------------------
GDP Gross domestic product.
PCE Personal consumption expenditures.
  1. Government consumption expenditures and gross investment.
  2. Revised percent change less the previously published percent change.
  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 or its contribution to the growth
rate of more aggregate series.  For accurate estimates of the contributions to percent
changes in real GDP, use table 2.
  See "Explanatory Note" at the end of the tables.

                      Table 7C.--Chain-Type Price Indexes for Gross Domestic Product, Percent Change from Preceding Year, and Revision to Percent Change
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                  Chain-type price indexes, 2005=100                        Percent change from preceding year               Revision to percent change from preceding year\2\
          ------------------------------------------------------  ------------------------------------------------------  ------------------------------------------------------
            GDP     PCE   Gross  Exports Imports Govern-  Gross     GDP     PCE   Gross  Exports Imports Govern-  Gross      GDP     PCE   Gross  Exports Imports Govern- Gross
                         private   of      of    ment\1\  domes-                 private   of      of    ment\1\  domes-                  private   of      of    ment\1\ domes-
                          domes-  goods   goods            tic                    domes-  goods   goods            tic                     domes-  goods   goods           tic
                         tic in-   and     and             pur-                  tic in-   and     and             pur-                   tic in-   and     and            pur-
                           vest-  serv-   serv-           chases                   vest-  serv-   serv-           chases                    vest-  serv-   serv-          chases
                           ment    ices    ices                                    ment    ices    ices                                     ment    ices    ices
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959...   18.348  18.305  26.477  27.073  19.752  12.653  17.972     1.1     1.5      .9      .2      .9      .4     1.2     -.1     -.1      .0      .0      .0      .0      .0

1960...   18.604  18.606  26.607  27.453  19.941  12.809  18.220     1.4     1.6      .5     1.4     1.0     1.2     1.4      .0      .0      .0      .0      .0     -.1      .0
1961...   18.814  18.801  26.533  27.871  19.941  13.065  18.412     1.1     1.0     -.3     1.5      .0     2.0     1.1      .0      .0      .0      .0      .0      .0      .0
1962...   19.071  19.023  26.548  27.940  19.706  13.398  18.654     1.4     1.2      .1      .2    -1.2     2.5     1.3      .0      .0      .0      .0      .0      .0      .0
1963...   19.273  19.245  26.463  27.877  20.088  13.690  18.871     1.1     1.2     -.3     -.2     1.9     2.2     1.2      .0      .0      .0      .0      .0      .0      .0
1964...   19.572  19.527  26.613  28.107  20.512  14.070  19.175     1.6     1.5      .6      .8     2.1     2.8     1.6      .1      .1      .0      .0      .0      .0      .0

1965...   19.928  19.810  27.037  29.001  20.797  14.444  19.507     1.8     1.4     1.6     3.2     1.4     2.7     1.7      .0     -.1      .0      .0      .0      .0      .0
1966...   20.493  20.313  27.592  29.877  21.281  15.044  20.054     2.8     2.5     2.1     3.0     2.3     4.2     2.8      .0      .0      .0      .0      .0      .0      .0
1967...   21.124  20.824  28.320  31.022  21.364  15.671  20.637     3.1     2.5     2.6     3.8      .4     4.2     2.9      .0      .0      .0      .0      .0      .0      .0
1968...   22.022  21.636  29.378  31.698  21.689  16.520  21.508     4.3     3.9     3.7     2.2     1.5     5.4     4.2      .0      .0      .0      .0      .0      .0      .0
1969...   23.110  22.616  30.770  32.771  22.254  17.517  22.563     4.9     4.5     4.7     3.4     2.6     6.0     4.9     -.1     -.1      .0      .0      .0      .0      .0

1970...   24.328  23.674  32.072  34.027  23.570  18.945  23.778     5.3     4.7     4.2     3.8     5.9     8.2     5.4      .0      .0      .0      .0      .0      .1      .0
1971...   25.545  24.680  33.671  35.283  25.017  20.421  25.000     5.0     4.2     5.0     3.7     6.1     7.8     5.1      .0     -.1      .0      .0      .0      .0      .0
1972...   26.647  25.525  35.077  36.928  26.770  21.989  26.112     4.3     3.4     4.2     4.7     7.0     7.7     4.4      .0     -.1      .0      .0      .0      .0     -.1
1973...   28.124  26.901  36.972  41.784  31.423  23.594  27.623     5.5     5.4     5.4    13.1    17.4     7.3     5.8     -.1      .0      .0      .0      .0      .0      .0
1974...   30.669  29.703  40.648  51.478  44.957  25.977  30.459     9.0    10.4     9.9    23.2    43.1    10.1    10.3      .0      .1      .0      .0      .0      .0      .1

1975...   33.577  32.184  45.666  56.738  48.699  28.586  33.300     9.5     8.4    12.3    10.2     8.3    10.0     9.3      .0      .1      .0      .0      .0      .0      .0
1976...   35.505  33.950  48.190  58.600  50.165  30.469  35.208     5.7     5.5     5.5     3.3     3.0     6.6     5.7     -.1      .0      .0      .0      .0      .0     -.1
1977...   37.764  36.155  51.805  60.987  54.586  32.583  37.586     6.4     6.5     7.5     4.1     8.8     6.9     6.8      .0      .0      .0      .0      .0      .0      .0
1978...   40.413  38.687  56.030  64.703  58.440  34.670  40.252     7.0     7.0     8.2     6.1     7.1     6.4     7.1      .0      .0      .0      .0      .0      .0      .0
1979...   43.773  42.118  61.099  72.490  68.434  37.575  43.797     8.3     8.9     9.0    12.0    17.1     8.4     8.8      .0      .1     -.1      .0      .0      .0      .0

1980...   47.776  46.641  66.836  79.843  85.240  41.669  48.408     9.1    10.7     9.4    10.1    24.6    10.9    10.5      .0      .0      .0      .0      .0      .0      .0
1981...   52.281  50.810  73.154  85.744  89.822  45.768  52.864     9.4     8.9     9.5     7.4     5.4     9.8     9.2      .0      .0      .3      .0      .0      .0      .1
1982...   55.467  53.615  76.899  86.138  86.794  48.775  55.859     6.1     5.5     5.1      .5    -3.4     6.6     5.7      .0      .0      .0      .0      .0      .0      .0
1983...   57.655  55.923  76.706  86.478  83.541  50.717  57.817     3.9     4.3     -.3      .4    -3.7     4.0     3.5      .0      .0      .0      .0      .0      .0      .0
1984...   59.823  58.038  77.256  87.280  82.820  53.319  59.854     3.8     3.8      .7      .9     -.9     5.1     3.5      .0      .0      .0      .0      .0      .0      .0

1985...   61.633  59.938  78.047  84.609  80.100  54.974  61.553     3.0     3.3     1.0    -3.1    -3.3     3.1     2.8      .0      .0      .0      .0      .0      .0     -.1
1986...   63.003  61.399  79.737  83.342  80.097  55.977  62.948     2.2     2.4     2.2    -1.5      .0     1.8     2.3      .0      .0      .0      .0     -.1      .0      .0
1987...   64.763  63.589  81.263  85.451  84.948  57.541  64.923     2.8     3.6     1.9     2.5     6.1     2.8     3.1      .1      .1      .0      .0      .0      .0      .0
1988...   66.990  66.121  83.120  89.876  89.011  59.074  67.159     3.4     4.0     2.3     5.2     4.8     2.7     3.4      .0      .0      .0      .0      .0      .1      .0
1989...   69.520  68.994  85.107  91.373  90.956  60.924  69.706     3.8     4.3     2.4     1.7     2.2     3.1     3.8      .0     -.1      .0      .0      .0      .0      .0

1990...   72.213  72.147  86.747  91.993  93.563  63.405  72.540     3.9     4.6     1.9      .7     2.9     4.1     4.1      .0      .0      .0      .0      .0      .1      .0
1991...   74.762  74.755  87.981  93.212  92.783  65.606  74.917     3.5     3.6     1.4     1.3     -.8     3.5     3.3      .0      .0      .0      .0     -.4      .1      .0
1992...   76.537  76.954  87.672  92.833  92.856  67.276  76.724     2.4     2.9     -.4     -.4      .1     2.5     2.4      .1      .0      .0      .0      .0      .1      .1
1993...   78.222  78.643  88.673  92.808  92.144  68.949  78.339     2.2     2.2     1.1      .0     -.8     2.5     2.1     -.1     -.1     -.1      .0      .1      .0     -.1
1994...   79.867  80.265  89.828  93.842  93.009  70.819  79.962     2.1     2.1     1.3     1.1      .9     2.7     2.1      .0      .0      .0      .0      .0      .1      .0

1995...   81.533  82.041  90.840  95.997  95.557  72.753  81.674     2.1     2.2     1.1     2.3     2.7     2.7     2.1      .1      .1      .0      .0      .0      .0      .0
1996...   83.083  83.826  90.455  94.727  93.891  74.488  83.150     1.9     2.2     -.4    -1.3    -1.7     2.4     1.8      .0      .0      .0      .0      .1      .0      .0
1997...   84.554  85.395  90.120  93.103  90.627  75.854  84.397     1.8     1.9     -.4    -1.7    -3.5     1.8     1.5      .1      .2      .0      .0      .1      .0      .1
1998...   85.507  86.207  89.109  90.972  85.748  76.879  84.962     1.1     1.0    -1.1    -2.3    -5.4     1.4      .7      .0      .1      .0      .0      .0      .0      .1
1999...   86.766  87.596  88.989  90.408  86.250  79.337  86.304     1.5     1.6     -.1     -.6      .6     3.2     1.6      .1     -.1      .0      .0      .0      .4      .0

2000...   88.648  89.777  89.954  91.999  89.963  82.513  88.463     2.2     2.5     1.1     1.8     4.3     4.0     2.5      .0      .0      .1      .1      .1     -.1      .0
2001...   90.654  91.488  90.748  91.627  87.762  84.764  90.123     2.3     1.9      .9     -.4    -2.4     2.7     1.9     -.1     -.2     -.1      .0      .1      .2     -.1
2002...   92.113  92.736  91.118  91.253  86.784  87.003  91.422     1.6     1.4      .4     -.4    -1.1     2.6     1.4     -.1      .0     -.2      .0      .1     -.3     -.2
2003...   94.099  94.622  92.411  93.216  89.796  90.650  93.550     2.2     2.0     1.4     2.2     3.5     4.2     2.3      .1      .0     -.1      .0      .0      .1      .0
2004...   96.769  97.098  95.632  96.517  94.144  94.531  96.400     2.8     2.6     3.5     3.5     4.8     4.3     3.0     -.1      .0      .1      .0     -.1     -.2     -.1

2005...  100.000 100.000 100.000 100.000 100.000 100.000 100.000     3.3     3.0     4.6     3.6     6.2     5.8     3.7      .0      .1      .2      .0     -.1     -.1      .0
2006...  103.263 102.746 104.371 103.447 104.144 104.842 103.380     3.3     2.7     4.4     3.4     4.1     4.8     3.4      .1     -.1      .2     -.1     -.2      .1      .0
2007...  106.221 105.502 106.677 107.103 108.017 109.552 106.408     2.9     2.7     2.2     3.5     3.7     4.5     2.9      .2      .1      .8      .0      .0      .0      .1
2008...  108.481 109.031 107.355 112.389 119.559 114.502 109.765     2.1     3.3      .6     4.9    10.7     4.5     3.2     -.1      .0     -.1     -.4      .3     -.2      .0
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GDP Gross domestic product.
PCE Personal consumption expenditures.
1. Government consumption expenditures and gross investment.
2. Revised percent change less the previously published percent change.

                 Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago--Continues
---------------------------------------------------------------------------------------------------------------------------
                                          I 04  II 04 III 04  IV 04   I 05  II 05 III 05  IV 05   I 06  II 06 III 06  IV 06
---------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....    4.1    4.0    3.1    3.1    3.4    3.1    3.1    2.7    3.0    3.0    2.2    2.4

Personal consumption expenditures
 (PCE).................................    3.9    3.5    2.9    3.5    3.3    3.8    3.6    2.7    3.1    2.6    2.5    3.3
  Goods................................    6.1    4.7    3.1    3.9    3.9    4.9    4.5    2.9    3.7    2.5    2.5    4.3
    Durable goods......................   10.0    6.6    4.5    5.5    5.1    7.3    6.4    2.1    5.4    2.3    2.3    6.3
    Nondurable goods...................    3.8    3.6    2.4    3.0    3.2    3.6    3.4    3.3    2.8    2.6    2.7    3.2
  Services.............................    2.7    2.8    2.8    3.4    3.0    3.2    3.2    2.6    2.7    2.7    2.6    2.8

Gross private domestic investment......    8.7   12.7   10.2    8.4   10.2    3.7    3.5    5.0    4.4    6.1    3.5   -3.0
  Fixed investment.....................    7.5    8.1    6.9    6.8    8.4    7.0    6.1    4.7    5.8    3.5     .9    -.8
    Nonresidential.....................    5.6    5.6    6.0    7.0    8.8    7.5    6.1    4.4    7.8    8.2    7.8    7.8
      Structures.......................    1.7    -.1    1.1    1.7    4.1    2.5    -.6    -.1    2.5    8.2   13.2   13.0
      Equipment and software...........    6.9    7.5    7.7    8.8   10.4    9.3    8.6    6.1    9.8    8.1    5.9    6.0
    Residential........................   11.4   13.0    8.6    6.6    7.6    6.1    6.1    5.3    2.3   -4.5  -11.0  -15.7
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................    9.7   11.7    9.6    7.1    6.6    7.2    6.4    6.7    8.8    8.3    8.5   10.2
    Goods..............................    8.2   10.1    9.4    6.2    6.7    8.4    6.8    8.1   10.4    8.8    9.1    9.4
    Services...........................   13.1   15.6   10.2    9.1    6.3    4.5    5.7    3.6    5.4    7.3    6.9   12.0
  Imports..............................    9.1   11.9   12.2   10.9    8.8    5.8    4.9    5.2    6.5    6.6    7.2    4.1
    Goods..............................    9.2   11.0   12.4   11.4    9.7    6.4    5.4    5.7    6.4    6.5    7.2    3.6
    Services...........................    8.7   16.3   11.3    8.8    4.3    2.6    2.3    2.3    7.2    7.0    7.0    7.1

Government consumption expenditures
 and gross investment..................    2.3    1.2    1.3     .6     .2     .0     .5     .7    1.6    1.6     .8    1.5
  Federal..............................    7.0    2.7    4.4    2.3    1.5    1.0    1.6    1.2    3.6    2.6     .2    2.2
    National defense...................   10.9    2.8    7.1    2.4    1.8    2.0    1.8     .4    2.1    1.6   -1.6    4.4
    Nondefense.........................     .1    2.5    -.8    2.3     .9   -1.0    1.2    2.6    6.8    4.8    3.9   -2.3
  State and local......................    -.2     .4    -.5    -.4    -.5    -.6    -.1     .4     .4     .9    1.2    1.2

Addenda:
  Final sales of domestic product......    4.0    3.3    2.6    2.8    3.0    3.6    3.5    2.7    3.3    2.5    1.8    2.8
  Gross domestic purchases.............    4.3    4.4    3.7    3.8    3.8    3.1    3.0    2.7    3.0    3.0    2.4    1.9
  Final sales to domestic purchasers...    4.1    3.7    3.2    3.5    3.5    3.6    3.4    2.7    3.2    2.6    2.0    2.3
  Gross national product...............    4.6    4.2    3.3    2.8    3.3    3.1    3.1    2.7    2.8    2.8    1.8    2.4
  Real disposable personal income......    4.0    3.4    2.7    3.5    1.8    1.5    1.4     .6    3.7    3.9    3.8    4.6

  Price indexes:
    Gross domestic purchases...........    2.2    3.0    3.3    3.7    3.6    3.5    3.9    4.0    3.8    3.9    3.4    2.6
    Gross domestic purchases excluding
     food and energy\1\................    2.1    2.7    3.0    3.2    3.4    3.3    3.3    3.5    3.2    3.4    3.2    2.9
    GDP................................    2.3    2.8    3.0    3.2    3.3    3.1    3.4    3.5    3.3    3.6    3.3    2.9
    GDP excluding food and energy\1\...    2.0    2.7    3.1    3.3    3.5    3.4    3.5    3.7    3.4    3.6    3.3    3.0
    PCE................................    2.0    2.7    2.7    3.0    2.8    2.7    3.2    3.3    3.1    3.2    2.8    1.9
    PCE excluding food and energy\1\...    1.8    2.1    2.2    2.2    2.3    2.2    2.1    2.3    2.1    2.3    2.5    2.3
    Market-based PCE\2\................    1.8    2.5    2.4    2.8    2.5    2.5    3.1    3.2    3.1    3.3    2.9    1.8
    Market-based PCE excluding food
     and energy\2\.....................    1.5    1.8    1.7    1.9    2.0    1.9    1.9    2.1    2.0    2.2    2.5    2.2
---------------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  2. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the expenses of nonprofit institutions.

              Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago--Table Ends
-----------------------------------------------------------------------------------------------------------------------
                                           I 07   II 07  III 07   IV 07    I 08   II 08  III 08   IV 08    I 09   II 09
-----------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....     1.4     1.9     2.7     2.5     2.0     1.6      .0    -1.9    -3.3    -3.9

Personal consumption expenditures
 (PCE).................................     3.1     2.8     2.7     2.0      .9      .6     -.7    -1.8    -1.5    -1.8
  Goods................................     3.4     3.3     3.3     2.6      .3      .1    -2.7    -5.9    -4.1    -4.9
    Durable goods......................     3.6     4.4     4.6     4.6      .8    -1.2    -5.4   -11.8    -8.9    -9.2
    Nondurable goods...................     3.3     2.7     2.6     1.5      .0      .7    -1.2    -2.9    -1.7    -2.8
  Services.............................     2.9     2.6     2.4     1.7     1.3      .9      .3      .3     -.2     -.2

Gross private domestic investment......    -5.8    -4.4    -2.8    -2.0    -2.3    -6.3    -8.1   -12.5   -25.2   -27.4
  Fixed investment.....................    -3.7    -2.4    -1.2     -.9    -1.9    -3.4    -5.4    -9.6   -18.8   -21.2
    Nonresidential.....................     4.5     5.5     6.8     7.9     7.3     4.8      .9    -6.0   -17.4   -19.6
      Structures.......................    12.2    12.3    16.2    18.9    16.5    14.5     7.9     3.2   -12.0   -16.9
      Equipment and software...........     1.6     2.7     2.7     3.2     3.1      .2    -2.7   -10.7   -20.2   -21.0
    Residential........................   -18.5   -17.5   -17.8   -20.5   -23.5   -24.2   -22.6   -21.0   -23.9   -27.1
  Change in private inventories........   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Net exports of goods and services......   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....
  Exports..............................     7.0     6.6    11.0    10.2     9.3    11.0     5.4    -3.4   -11.6   -15.7
    Goods..............................     5.8     5.5     9.2     9.0     9.3    11.3     7.0    -3.4   -14.8   -19.6
    Services...........................     9.7     9.0    15.3    13.0     9.1    10.4     1.9    -3.5    -4.8    -7.1
  Imports..............................     3.3     2.0     1.7      .9     -.8    -1.9    -3.3    -6.8   -16.2   -18.6
    Goods..............................     3.3     1.8     1.1      .7    -1.4    -2.3    -3.9    -8.1   -18.8   -21.3
    Services...........................     3.3     3.4     5.2     2.0     2.6      .2     -.4      .2    -3.6    -4.8

Government consumption expenditures
 and gross investment..................      .5     1.5     2.3     2.5     3.1     2.9     3.2     3.0     1.7     2.2
  Federal..............................    -2.0      .7     3.0     3.4     6.9     7.0     7.9     8.9     5.6     6.4
    National defense...................     -.2     1.7     4.6     2.6     6.7     6.3     8.6     9.5     6.0     7.5
    Nondefense.........................    -5.5    -1.4     -.2     5.2     7.1     8.3     6.3     7.5     4.8     3.9
  State and local......................     2.0     2.0     1.9     1.9     1.0      .7      .5     -.3     -.6     -.3

Addenda:
  Final sales of domestic product......     1.8     2.2     3.0     2.7     2.1     2.1      .5    -1.4    -2.3    -3.0
  Gross domestic purchases.............     1.1     1.4     1.7     1.4      .8      .0    -1.2    -2.5    -4.4    -4.8
  Final sales to domestic purchasers...     1.5     1.8     2.0     1.6      .9      .4     -.7    -2.1    -3.5    -3.9
  Gross national product...............     1.3     1.8     3.3     3.3     2.8     1.9      .1    -2.4    -3.8   .....
  Real disposable personal income......     3.1     2.3     2.3     1.0      .0     2.2     -.5      .3     1.2     -.3

  Price indexes:
    Gross domestic purchases...........     2.9     2.8     2.6     3.5     3.3     3.5     4.0     1.9      .7     -.1
    Gross domestic purchases excluding
     food and energy\1\................     3.0     2.6     2.6     2.8     2.5     2.8     2.9     2.0     1.4      .9
    GDP................................     3.2     3.0     2.6     2.7     2.1     1.9     2.5     1.9     1.9     1.5
    GDP excluding food and energy\1\...     3.1     2.7     2.6     2.8     2.4     2.4     2.7     1.7     1.2      .9
    PCE................................     2.4     2.4     2.3     3.6     3.6     3.8     4.3     1.7      .4     -.2
    PCE excluding food and energy\1\...     2.5     2.2     2.2     2.5     2.4     2.5     2.6     2.0     1.7     1.6
    Market-based PCE\2\................     2.2     2.3     2.0     3.5     3.6     3.7     4.6     1.9      .6      .0
    Market-based PCE excluding food
     and energy\2\.....................     2.3     2.0     1.9     2.2     2.2     2.3     2.6     2.3     2.1     2.1
-----------------------------------------------------------------------------------------------------------------------
  1. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  2. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the expenses of nonprofit institutions.

                     Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income--Continues
                                                            [Billions of dollars]
----------------------------------------------------------------------------------------------------------------------------------------------
                                                1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
----------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product.....................  8,793.5  9,353.5  9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4

Plus: Income receipts from the rest of the
 world.....................................    286.2    319.5    380.5    323.0    313.5    353.3    448.6    573.0    721.1    861.8    809.2
Less: Income payments to the rest of the
 world.....................................    268.9    291.7    342.8    271.1    264.4    284.6    357.4    475.9    648.6    746.0    667.3

Equals: Gross national product.............  8,810.8  9,381.3  9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3

Less: Consumption of fixed capital.........  1,020.5  1,094.4  1,184.3  1,256.2  1,305.0  1,354.1  1,432.8  1,541.4  1,660.7  1,760.0  1,847.1
Less: Statistical discrepancy..............    -85.3    -71.1   -134.0   -103.4    -22.1     16.6     -7.8    -79.7   -220.6    -14.8    101.0

Equals: National income....................  7,875.6  8,358.0  8,938.9  9,185.2  9,408.5  9,840.2 10,534.0 11,273.8 12,031.2 12,448.2 12,635.2
  Compensation of employees................  5,023.2  5,353.9  5,788.8  5,979.3  6,110.8  6,382.6  6,693.4  7,065.0  7,477.0  7,856.5  8,037.4
    Wage and salary accruals...............  4,180.9  4,465.2  4,827.7  4,952.2  4,997.3  5,154.6  5,410.7  5,706.0  6,070.1  6,402.6  6,540.8
    Supplements to wages and salaries......    842.3    888.8    961.2  1,027.1  1,113.5  1,228.0  1,282.7  1,359.1  1,406.9  1,453.8  1,496.6
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................    687.5    746.8    817.5    870.7    890.3    930.6  1,033.8  1,069.8  1,133.0  1,096.4  1,106.3
  Rental income of persons with capital
   consumption adjustment..................    191.5    208.2    215.3    232.4    218.7    204.2    198.4    178.2    146.5    144.9    210.4
  Corporate profits with inventory
   valuation and capital consumption
   adjustments.............................    812.4    856.3    819.2    784.2    872.2    977.8  1,246.9  1,456.1  1,608.3  1,541.7  1,360.4
  Net interest and miscellaneous payments..    479.3    481.4    539.3    544.4    506.4    504.1    461.6    543.0    652.2    739.2    815.1
  Taxes on production and imports less
   subsidies...............................    603.1    628.4    662.7    669.0    721.4    757.7    817.0    869.3    935.5    974.0    993.8
  Business current transfer payments (net).     65.2     69.0     87.0    101.3     82.4     76.1     81.7     95.9     83.0    102.2    118.8
  Current surplus of government
   enterprises.............................     13.3     14.1      9.1      4.0      6.3      7.0      1.2     -3.5     -4.2     -6.6     -6.9

Addendum:
  Gross domestic income....................  8,878.8  9,424.6 10,085.5 10,389.5 10,664.4 11,125.5 11,875.6 12,718.0 13,619.5 14,092.5 14,340.4
----------------------------------------------------------------------------------------------------------------------------------------------

                          Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income--Continues
                                          [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                                I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
-------------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product..................... 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8 12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5

Plus: Income receipts from the rest of the
 world.....................................    418.2    434.4    456.3    485.4    535.5    551.3    582.4    622.9    659.0    716.4    741.6    767.2
Less: Income payments to the rest of the
 world.....................................    307.6    348.6    359.5    413.8    428.7    455.1    475.3    544.5    578.5    640.9    679.7    695.5

Equals: Gross national product............. 11,707.8 11,864.2 12,047.3 12,216.6 12,486.3 12,613.0 12,848.7 12,994.1 13,264.0 13,423.3 13,514.8 13,683.2

Less: Consumption of fixed capital.........  1,396.7  1,419.5  1,444.4  1,470.4  1,495.7  1,524.2  1,556.0  1,589.6  1,618.0  1,648.2  1,675.2  1,701.3
Less: Statistical discrepancy..............     29.9       .0    -38.7    -22.6    -29.0    -67.7    -67.5   -154.5   -192.2   -190.7   -253.4   -246.0

Equals: National income.................... 10,281.2 10,444.7 10,641.6 10,768.7 11,019.6 11,156.6 11,360.2 11,559.0 11,838.2 11,965.9 12,093.0 12,227.9
  Compensation of employees................  6,539.8  6,636.4  6,756.3  6,841.2  6,921.1  7,003.6  7,128.4  7,207.1  7,353.7  7,419.9  7,484.1  7,650.3
    Wage and salary accruals...............  5,275.9  5,363.6  5,468.9  5,534.4  5,584.2  5,651.7  5,758.3  5,829.7  5,958.9  6,018.6  6,075.4  6,227.6
    Supplements to wages and salaries......  1,263.9  1,272.8  1,287.4  1,306.8  1,336.9  1,351.9  1,370.1  1,377.4  1,394.8  1,401.3  1,408.7  1,422.6
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................  1,002.1  1,029.8  1,040.1  1,063.1  1,046.8  1,054.0  1,082.6  1,095.8  1,126.9  1,133.2  1,131.2  1,140.6
  Rental income of persons with capital
   consumption adjustment..................    204.2    197.1    196.8    195.4    190.7    181.5    168.4    172.3    161.3    153.2    140.3    131.2
  Corporate profits with inventory
   valuation and capital consumption
   adjustments.............................  1,187.2  1,226.9  1,292.2  1,281.4  1,408.2  1,429.0  1,454.7  1,532.5  1,590.9  1,597.7  1,655.1  1,589.6
  Net interest and miscellaneous payments..    467.7    460.6    454.0    464.2    509.4    528.0    558.0    576.9    608.9    654.4    661.6    684.0
  Taxes on production and imports less
   subsidies...............................    798.7    812.1    822.9    834.3    848.7    864.2    877.5    886.6    916.0    931.9    941.9    952.1
  Business current transfer payments (net).     77.8     80.0     79.0     89.9     96.5     99.6     95.2     92.3     82.8     79.3     83.6     86.1
  Current surplus of government
   enterprises.............................      3.7      1.9       .3      -.9     -1.8     -3.1     -4.5     -4.5     -2.4     -3.8     -4.7     -6.0

Addendum:
  Gross domestic income.................... 11,567.3 11,778.4 11,989.3 12,167.5 12,408.4 12,584.5 12,809.1 13,070.2 13,375.7 13,538.5 13,706.3 13,857.5
-------------------------------------------------------------------------------------------------------------------------------------------------------

                Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income--Table Ends
                                 [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------
                                                I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09    II 09
-------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product..................... 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8

Plus: Income receipts from the rest of the
 world.....................................    787.9    852.1    897.6    909.4    856.3    840.5    825.6    714.4    579.6    .....
Less: Income payments to the rest of the
 world.....................................    724.0    776.0    759.1    725.1    685.3    711.6    664.8    607.4    479.7    .....

Equals: Gross national product............. 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14,707.5 14,454.3 14,277.9    .....

Less: Consumption of fixed capital.........  1,726.7  1,749.4  1,771.2  1,792.8  1,813.6  1,835.6  1,858.2  1,881.0  1,883.6  1,874.1
Less: Statistical discrepancy..............   -121.1    -97.1     64.9     94.0     69.8    126.7     68.3    139.4    152.1    .....

Equals: National income.................... 12,253.9 12,421.1 12,482.2 12,635.4 12,661.5 12,664.4 12,781.0 12,433.9 12,242.2    .....
  Compensation of employees................  7,757.2  7,819.7  7,869.6  7,979.3  8,017.5  8,032.8  8,069.1  8,030.3  7,859.1  7,756.4
    Wage and salary accruals...............  6,318.6  6,372.2  6,412.5  6,507.3  6,533.0  6,539.2  6,567.7  6,523.5  6,358.9  6,258.1
    Supplements to wages and salaries......  1,438.6  1,447.5  1,457.1  1,472.1  1,484.5  1,493.5  1,501.4  1,506.8  1,500.2  1,498.4
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................  1,094.2  1,096.0  1,093.2  1,102.1  1,115.2  1,111.9  1,114.4  1,083.6  1,037.8  1,023.4
  Rental income of persons with capital
   consumption adjustment..................    121.1    140.3    150.2    168.0    179.9    202.8    222.2    236.7    245.9    255.2
  Corporate profits with inventory
   valuation and capital consumption
   adjustments.............................  1,535.4  1,594.9  1,537.1  1,499.4  1,459.7  1,403.7  1,454.6  1,123.6  1,182.7    .....
  Net interest and miscellaneous payments..    690.6    711.3    756.0    798.9    790.7    809.0    806.1    854.7    826.2    805.2
  Taxes on production and imports less
   subsidies...............................    966.0    966.9    976.1    986.8    989.3    997.9  1,005.7    982.1    963.2    971.3
  Business current transfer payments (net).     97.8     99.0    105.0    107.0    114.8    112.6    116.0    131.8    137.9    145.2
  Current surplus of government
   enterprises.............................     -8.4     -6.9     -4.9     -6.0     -5.6     -6.3     -6.9     -8.9    -10.7     -8.9

Addendum:
  Gross domestic income.................... 13,916.7 14,094.3 14,114.9 14,243.9 14,304.1 14,371.1 14,478.4 14,207.9 14,025.8    .....
-------------------------------------------------------------------------------------------------------------------------------------

                                           Table 10. Personal Income and Its Disposition--Continues
                                                            [Billions of dollars]
----------------------------------------------------------------------------------------------------------------------------------------------
                                                1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
----------------------------------------------------------------------------------------------------------------------------------------------
Personal income\1\.........................  7,525.4  7,910.8  8,559.4  8,883.3  9,060.1  9,378.1  9,937.2 10,485.9 11,268.1 11,894.1 12,238.8

  Compensation of employees, received......  5,023.9  5,348.8  5,788.8  5,979.3  6,110.8  6,367.6  6,708.4  7,060.0  7,475.7  7,862.7  8,042.4
    Wage and salary disbursements..........  4,181.6  4,460.0  4,827.7  4,952.2  4,997.3  5,139.6  5,425.7  5,701.0  6,068.9  6,408.9  6,545.9
    Supplements to wages and salaries......    842.3    888.8    961.2  1,027.1  1,113.5  1,228.0  1,282.7  1,359.1  1,406.9  1,453.8  1,496.6
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................    687.5    746.8    817.5    870.7    890.3    930.6  1,033.8  1,069.8  1,133.0  1,096.4  1,106.3
    Farm...................................     28.9     28.5     29.6     30.5     18.5     36.5     49.7     43.9     29.3     39.4     48.7
    Nonfarm................................    658.7    718.3    787.8    840.2    871.8    894.1    984.1  1,025.9  1,103.6  1,056.9  1,057.5
  Rental income of persons with capital
   consumption adjustment..................    191.5    208.2    215.3    232.4    218.7    204.2    198.4    178.2    146.5    144.9    210.4
  Personal income receipts on assets.......  1,269.2  1,246.8  1,360.7  1,346.0  1,309.6  1,312.9  1,408.5  1,542.0  1,829.7  2,031.5  1,994.4
    Personal interest income...............    919.3    910.9    984.2    976.5    911.9    889.8    860.2    987.0  1,127.5  1,266.4  1,308.0
    Personal dividend income...............    349.8    335.9    376.5    369.5    397.7    423.1    548.3    555.0    702.2    765.1    686.4
  Personal current transfer receipts.......    977.9  1,021.6  1,083.0  1,188.1  1,282.1  1,341.7  1,415.5  1,508.6  1,605.0  1,718.0  1,875.9

  Less: Contributions for government
   social insurance (domestic).............    624.7    661.3    705.8    733.2    751.5    778.9    827.3    872.7    921.8    959.3    990.6

Less: Personal current taxes...............  1,026.4  1,107.5  1,232.3  1,234.8  1,050.4  1,000.3  1,047.8  1,208.6  1,352.4  1,490.9  1,432.4

Equals: Disposable personal income.........  6,498.9  6,803.3  7,327.2  7,648.5  8,009.7  8,377.8  8,889.4  9,277.3  9,915.7 10,403.1 10,806.4

Less: Personal outlays.....................  6,157.5  6,595.5  7,114.1  7,443.5  7,727.5  8,088.0  8,585.7  9,149.6  9,680.7 10,224.3 10,520.0

Equals: Personal saving....................    341.5    207.8    213.1    204.9    282.2    289.8    303.7    127.7    235.0    178.9    286.4

  Personal saving as a percentage of
   disposable personal income..............      5.3      3.1      2.9      2.7      3.5      3.5      3.4      1.4      2.4      1.7      2.7

Addenda:
  Personal income excluding current
   transfer receipts, billions of
   chained (2005) dollars\2\...............  7,595.0  7,864.8  8,327.8  8,411.1  8,387.2  8,493.1  8,776.4  8,977.3  9,404.8  9,645.4  9,504.6
  Disposable personal income, billions of
   chained (2005) dollars\2\...............  7,538.8  7,766.7  8,161.5  8,360.1  8,637.1  8,853.9  9,155.1  9,277.3  9,650.7  9,860.6  9,911.3
----------------------------------------------------------------------------------------------------------------------------------------------
  1. Personal income is also equal to national income less corporate
profits with inventory valuation and capital consumption adjustments,
taxes on production and imports less subsidies, contributions for
government social insurance, net interest and miscellaneous payments,
business current transfer payments (net), current surplus of
government enterprises, and wage accruals less disbursements, plus
personal income receipts on assets, and personal current transfer
receipts.
  2. The current-dollar measure is deflated by the implicit price
deflator for personal consumption expenditures.

                                               Table 10. Personal Income and Its Disposition--Continues
                                          [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                                I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
-------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income\1\.........................  9,679.8  9,847.1  9,999.1 10,223.1 10,238.6 10,386.7 10,577.5 10,740.8 11,026.7 11,204.0 11,336.9 11,504.8

  Compensation of employees, received......  6,543.3  6,657.9  6,781.3  6,851.2  6,921.1  7,003.6  7,128.4  7,187.1  7,373.7  7,419.9  7,484.1  7,625.3
    Wage and salary disbursements..........  5,279.4  5,385.1  5,493.9  5,544.4  5,584.2  5,651.7  5,758.3  5,809.7  5,978.9  6,018.6  6,075.4  6,202.6
    Supplements to wages and salaries......  1,263.9  1,272.8  1,287.4  1,306.8  1,336.9  1,351.9  1,370.1  1,377.4  1,394.8  1,401.3  1,408.7  1,422.6
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................  1,002.1  1,029.8  1,040.1  1,063.1  1,046.8  1,054.0  1,082.6  1,095.8  1,126.9  1,133.2  1,131.2  1,140.6
    Farm...................................     54.2     52.0     44.0     48.5     43.7     46.4     45.6     39.9     28.4     28.4     28.4     32.2
    Nonfarm................................    947.9    977.8    996.1  1,014.6  1,003.1  1,007.6  1,037.0  1,055.9  1,098.5  1,104.8  1,102.8  1,108.4
  Rental income of persons with capital
   consumption adjustment..................    204.2    197.1    196.8    195.4    190.7    181.5    168.4    172.3    161.3    153.2    140.3    131.2
  Personal income receipts on assets.......  1,350.0  1,372.9  1,395.5  1,515.5  1,459.7  1,507.1  1,560.4  1,640.8  1,711.1  1,817.2  1,881.3  1,909.0
    Personal interest income...............    855.6    850.3    858.0    877.0    927.8    970.6  1,003.1  1,046.5  1,067.2  1,128.7  1,156.8  1,157.2
    Personal dividend income...............    494.4    522.6    537.5    638.5    531.9    536.5    557.3    594.3    643.9    688.5    724.5    751.9
  Personal current transfer receipts.......  1,392.5  1,411.0  1,418.5  1,440.1  1,481.3  1,506.4  1,516.7  1,529.8  1,569.0  1,597.9  1,620.7  1,632.4

  Less: Contributions for government
   social insurance (domestic).............    812.3    821.6    833.1    842.2    861.0    865.8    879.0    885.0    915.4    917.4    920.8    933.8

Less: Personal current taxes...............  1,009.3  1,026.4  1,064.7  1,090.9  1,164.2  1,192.3  1,224.0  1,253.8  1,321.5  1,340.2  1,354.3  1,393.5

Equals: Disposable personal income.........  8,670.5  8,820.7  8,934.4  9,132.1  9,074.3  9,194.4  9,353.5  9,487.1  9,705.2  9,863.8  9,982.5 10,111.2

Less: Personal outlays.....................  8,394.9  8,505.4  8,635.3  8,807.1  8,932.5  9,077.4  9,243.2  9,345.2  9,493.5  9,618.2  9,754.9  9,856.4

Equals: Personal saving....................    275.5    315.4    299.1    325.0    141.8    117.0    110.2    141.8    211.7    245.6    227.7    254.8

  Personal saving as a percentage of
   disposable personal income..............      3.2      3.6      3.3      3.6      1.6      1.3      1.2      1.5      2.2      2.5      2.3      2.5

Addenda:
  Personal income excluding current
   transfer receipts, billions of
   chained (2005) dollars\2\...............  8,627.1  8,717.5  8,812.5  8,947.7  8,868.4  8,936.9  9,016.7  9,086.4  9,290.6  9,366.1  9,404.7  9,557.5
  Disposable personal income, billions of
   chained (2005) dollars\2\...............  9,025.9  9,115.0  9,175.9  9,303.4  9,189.6  9,253.0  9,308.0  9,358.7  9,533.8  9,617.3  9,662.5  9,788.8
-------------------------------------------------------------------------------------------------------------------------------------------------------
  1. Personal income is also equal to national income less corporate
profits with inventory valuation and capital consumption adjustments,
taxes on production and imports less subsidies, contributions for
government social insurance, net interest and miscellaneous payments,
business current transfer payments (net), current surplus of
government enterprises, and wage accruals less disbursements, plus
personal income receipts on assets, and personal current transfer
receipts.
  2. The current-dollar measure is deflated by the implicit price
deflator for personal consumption expenditures.

                                      Table 10. Personal Income and Its Disposition--Table Ends
                                 [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------
                                                I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09    II 09
-------------------------------------------------------------------------------------------------------------------------------------
Personal income\1\......................... 11,706.9 11,823.4 11,945.6 12,100.3 12,142.2 12,292.9 12,286.6 12,233.5 11,981.8 11,989.8

  Compensation of employees, received......  7,782.2  7,819.7  7,869.6  7,979.3  8,017.5  8,032.8  8,069.1  8,050.3  7,839.1  7,756.4
    Wage and salary disbursements..........  6,343.6  6,372.2  6,412.5  6,507.3  6,533.0  6,539.2  6,567.7  6,543.5  6,338.9  6,258.1
    Supplements to wages and salaries......  1,438.6  1,447.5  1,457.1  1,472.1  1,484.5  1,493.5  1,501.4  1,506.8  1,500.2  1,498.4
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................  1,094.2  1,096.0  1,093.2  1,102.1  1,115.2  1,111.9  1,114.4  1,083.6  1,037.8  1,023.4
    Farm...................................     36.7     35.7     37.5     47.9     57.2     49.4     49.3     39.0     27.3     27.2
    Nonfarm................................  1,057.5  1,060.3  1,055.7  1,054.2  1,057.9  1,062.5  1,065.1  1,044.5  1,010.5    996.2
  Rental income of persons with capital
   consumption adjustment..................    121.1    140.3    150.2    168.0    179.9    202.8    222.2    236.7    245.9    255.2
  Personal income receipts on assets.......  1,968.2  2,022.0  2,065.8  2,069.8  2,020.8  1,997.3  2,001.4  1,958.1  1,845.5  1,782.5
    Personal interest income...............  1,198.3  1,246.5  1,297.9  1,322.8  1,304.6  1,306.6  1,327.8  1,292.9  1,243.4  1,247.5
    Personal dividend income...............    769.9    775.5    767.9    747.0    716.2    690.7    673.7    665.2    602.1    534.9
  Personal current transfer receipts.......  1,693.8  1,699.1  1,725.5  1,753.7  1,794.1  1,937.0  1,874.3  1,898.0  1,987.3  2,135.2

  Less: Contributions for government
   social insurance (domestic).............    952.5    953.7    958.6    972.6    985.3    988.9    994.9    993.3    973.9    963.0

Less: Personal current taxes...............  1,459.5  1,481.8  1,500.7  1,521.9  1,531.8  1,326.2  1,437.3  1,434.3  1,192.6  1,079.5

Equals: Disposable personal income......... 10,247.4 10,341.7 10,445.0 10,578.4 10,610.4 10,966.7 10,849.3 10,799.1 10,789.2 10,910.3

Less: Personal outlays..................... 10,038.3 10,158.2 10,275.6 10,425.0 10,484.1 10,592.2 10,613.6 10,389.9 10,362.3 10,344.2

Equals: Personal saving....................    209.1    183.5    169.4    153.5    126.3    374.4    235.7    409.2    426.9    566.0

  Personal saving as a percentage of
   disposable personal income..............      2.0      1.8      1.6      1.5      1.2      3.4      2.2      3.8      4.0      5.2

Addenda:
  Personal income excluding current
   transfer receipts, billions of
   chained (2005) dollars\2\...............  9,605.4  9,635.9  9,671.1  9,669.6  9,583.9  9,498.8  9,442.0  9,494.4  9,215.5  9,056.9
  Disposable personal income, billions of
   chained (2005) dollars\2\...............  9,830.2  9,842.7  9,883.9  9,886.2  9,826.8 10,059.0  9,838.3  9,920.4  9,948.3 10,027.2
-------------------------------------------------------------------------------------------------------------------------------------
  1. Personal income is also equal to national income less corporate
profits with inventory valuation and capital consumption adjustments,
taxes on production and imports less subsidies, contributions for
government social insurance, net interest and miscellaneous payments,
business current transfer payments (net), current surplus of
government enterprises, and wage accruals less disbursements, plus
personal income receipts on assets, and personal current transfer
receipts.
  2. The current-dollar measure is deflated by the implicit price
deflator for personal consumption expenditures.

                                                Table 11A. Corporate Profits--Continues
                                                         [Billions of dollars]
----------------------------------------------------------------------------------------------------------------------------------------
                                          1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
----------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................    812.4    856.3    819.2    784.2    872.2    977.8  1,246.9  1,456.1  1,608.3  1,541.7  1,360.4

Less: Taxes on corporate income......    248.4    258.8    265.1    203.3    192.3    243.8    306.1    412.4    473.3    451.5    292.2

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............    564.1    597.5    554.1    580.9    679.9    734.0    940.8  1,043.7  1,135.0  1,090.2  1,068.2
  Net dividends......................    351.5    337.4    377.9    370.9    399.3    424.9    550.3    557.3    704.8    767.8    689.9
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................    212.6    260.1    176.3    210.0    280.6    309.2    390.5    486.4    430.3    322.4    378.3

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............    790.9    885.1    861.3    945.0  1,036.5  1,084.8  1,190.1  1,337.0  1,356.1  1,303.4  1,478.4
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................    212.6    260.1    176.3    210.0    280.6    309.2    390.5    486.4    430.3    322.4    378.3
    Consumption of fixed capital.....    578.3    625.8    685.1    730.3    755.9    775.5    809.2    862.9    925.9    981.0  1,036.8
    Less: Capital transfers
     paid (net)......................    .....       .9       .0     -4.8       .0      -.1      9.5     12.2       .0       .0    -63.3

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........    722.9    780.5    772.5    712.7    765.3    903.5  1,229.4  1,640.2  1,822.7  1,774.4  1,462.7
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........    474.5    521.7    507.4    509.4    573.0    659.7    923.3  1,227.8  1,349.5  1,322.8  1,170.6
  Inventory valuation adjustment.....     15.7     -4.0    -16.8      8.0     -2.6    -11.3    -34.3    -30.7    -38.0    -44.0    -38.2
  Capital consumption adjustment.....     73.8     79.7     63.6     63.4    109.4     85.6     51.8   -153.4   -176.4   -188.7    -64.1
----------------------------------------------------------------------------------------------------------------------------------------

                                                     Table 11A. Corporate Profits--Continues
                                       [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------
                                          I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
-------------------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................  1,187.2  1,226.9  1,292.2  1,281.4  1,408.2  1,429.0  1,454.7  1,532.5  1,590.9  1,597.7  1,655.1  1,589.6

Less: Taxes on corporate income......    277.6    298.2    320.4    328.1    405.1    395.6    403.1    445.7    460.7    475.1    496.6    460.7

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............    909.6    928.7    971.8    953.3  1,003.1  1,033.3  1,051.6  1,086.8  1,130.2  1,122.6  1,158.5  1,128.8
  Net dividends......................    496.1    524.4    539.5    641.3    534.1    538.8    559.7    596.7    646.4    691.1    727.1    754.5
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................    413.5    404.3    432.3    312.0    469.0    494.5    492.0    490.0    483.9    431.5    431.4    374.3

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............  1,207.3  1,207.6  1,207.8  1,137.9  1,307.9  1,348.2  1,308.8  1,383.2  1,388.0  1,350.5  1,364.6  1,321.5
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................    413.5    404.3    432.3    312.0    469.0    494.5    492.0    490.0    483.9    431.5    431.4    374.3
    Consumption of fixed capital.....    793.7    803.2    813.9    825.8    838.8    853.6    870.3    888.7    904.1    918.9    933.3    947.1
    Less: Capital transfers
     paid (net)......................      -.1      -.1     38.5      -.1      -.1      -.1     53.4     -4.4       .0       .0       .0       .0

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........  1,137.3  1,209.7  1,281.0  1,289.7  1,581.1  1,591.6  1,641.4  1,746.5  1,815.3  1,819.8  1,865.1  1,790.7
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........    859.7    911.5    960.5    961.5  1,176.0  1,196.0  1,238.3  1,300.8  1,354.6  1,344.7  1,368.5  1,330.0
  Inventory valuation adjustment.....    -16.9    -38.4    -34.9    -46.9    -38.2    -18.2    -28.4    -38.0    -33.4    -48.4    -42.3    -28.0
  Capital consumption adjustment.....     66.7     55.6     46.2     38.6   -134.7   -144.5   -158.3   -176.0   -191.0   -173.7   -167.7   -173.2
-------------------------------------------------------------------------------------------------------------------------------------------------

                                       Table 11A. Corporate Profits--Table Ends
                         [Billions of dollars; quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------
                                          I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09
----------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................  1,535.4  1,594.9  1,537.1  1,499.4  1,459.7  1,403.7  1,454.6  1,123.6  1,182.7

Less: Taxes on corporate income......    469.5    466.5    440.0    430.1    323.2    317.5    304.8    223.3    270.3

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............  1,065.9  1,128.4  1,097.1  1,069.3  1,136.4  1,086.3  1,149.8    900.4    912.4
  Net dividends......................    772.6    778.1    770.6    749.9    719.4    693.7    676.6    669.9    618.1
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................    293.3    350.3    326.5    319.4    417.1    392.6    473.2    230.5    294.2

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............  1,253.8  1,324.3  1,314.3  1,321.0  1,432.8  1,422.4  1,499.4  1,559.2  1,575.4
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................    293.3    350.3    326.5    319.4    417.1    392.6    473.2    230.5    294.2
    Consumption of fixed capital.....    960.5    974.0    987.7  1,001.6  1,015.7  1,029.7  1,043.9  1,058.1  1,058.2
    Less: Capital transfers
     paid (net)......................       .0       .0       .0       .0       .0       .0     17.7   -270.7   -223.0

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........  1,747.6  1,808.6  1,758.2  1,783.1  1,620.8  1,593.5  1,576.6  1,060.1  1,246.5
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........  1,278.1  1,342.1  1,318.2  1,353.0  1,297.6  1,276.0  1,271.9    836.8    976.1
  Inventory valuation adjustment.....    -42.2    -29.5    -25.3    -79.0   -107.9   -129.6    -54.5    139.2     81.1
  Capital consumption adjustment.....   -170.0   -184.2   -195.8   -204.7    -53.2    -60.1    -67.6    -75.6   -144.9
----------------------------------------------------------------------------------------------------------------------

                             Table 11B. Corporate Profits: Percent Change From Preceding Period--Continues
----------------------------------------------------------------------------------------------------------------------------------------
                                          1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
----------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................     -8.2      5.4     -4.3     -4.3     11.2     12.1     27.5     16.8     10.5     -4.1    -11.8

Less: Taxes on corporate income......      1.2      4.2      2.4    -23.3     -5.4     26.7     25.6     34.7     14.8     -4.6    -35.3

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............    -11.8      5.9     -7.3      4.8     17.0      8.0     28.2     10.9      8.8     -4.0     -2.0
  Net dividends......................      6.1     -4.0     12.0     -1.8      7.6      6.4     29.5      1.3     26.5      8.9    -10.1
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................    -31.0     22.3    -32.2     19.1     33.6     10.2     26.3     24.6    -11.5    -25.1     17.4

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............     -6.8     11.9     -2.7      9.7      9.7      4.7      9.7     12.3      1.4     -3.9     13.4
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................    -31.0     22.3    -32.2     19.1     33.6     10.2     26.3     24.6    -11.5    -25.1     17.4
    Consumption of fixed capital.....      6.9      8.2      9.5      6.6      3.5      2.6      4.3      6.6      7.3      6.0      5.7
    Less: Capital transfers
     paid (net)......................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........     -9.8      8.0     -1.0     -7.7      7.4     18.0     36.1     33.4     11.1     -2.7    -17.6
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........    -14.7      9.9     -2.8       .4     12.5     15.1     40.0     33.0      9.9     -2.0    -11.5
  Inventory valuation adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
  Capital consumption adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
----------------------------------------------------------------------------------------------------------------------------------------

                                  Table 11B. Corporate Profits: Percent Change From Preceding Period--Continues
                                                                [Quarterly rates]
-------------------------------------------------------------------------------------------------------------------------------------------------
                                          I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
-------------------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................     13.0      3.3      5.3      -.8      9.9      1.5      1.8      5.4      3.8       .4      3.6     -4.0

Less: Taxes on corporate income......      3.1      7.4      7.5      2.4     23.5     -2.3      1.9     10.6      3.3      3.1      4.5     -7.2

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............     16.4      2.1      4.6     -1.9      5.2      3.0      1.8      3.3      4.0      -.7      3.2     -2.6
  Net dividends......................      8.2      5.7      2.9     18.9    -16.7       .9      3.9      6.6      8.3      6.9      5.2      3.8
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................     27.9     -2.2      6.9    -27.8     50.3      5.4      -.5      -.4     -1.3    -10.8       .0    -13.2

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............      8.9       .0       .0     -5.8     14.9      3.1     -2.9      5.7       .3     -2.7      1.0     -3.2
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................     27.9     -2.2      6.9    -27.8     50.3      5.4      -.5      -.4     -1.3    -10.8       .0    -13.2
    Consumption of fixed capital.....      1.1      1.2      1.3      1.5      1.6      1.8      1.9      2.1      1.7      1.6      1.6      1.5
    Less: Capital transfers
     paid (net)......................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........     14.1      6.4      5.9       .7     22.6       .7      3.1      6.4      3.9       .2      2.5     -4.0
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........     18.2      6.0      5.4       .1     22.3      1.7      3.5      5.0      4.1      -.7      1.8     -2.8
  Inventory valuation adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
  Capital consumption adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
-------------------------------------------------------------------------------------------------------------------------------------------------

                    Table 11B. Corporate Profits: Percent Change From Preceding Period--Table Ends
                                                  [Quarterly rates]
----------------------------------------------------------------------------------------------------------------------
                                          I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09
----------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................     -3.4      3.9     -3.6     -2.5     -2.6     -3.8      3.6    -22.8      5.3

Less: Taxes on corporate income......      1.9      -.6     -5.7     -2.2    -24.8     -1.8     -4.0    -26.7     21.1

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............     -5.6      5.9     -2.8     -2.5      6.3     -4.4      5.8    -21.7      1.3
  Net dividends......................      2.4       .7     -1.0     -2.7     -4.1     -3.6     -2.5     -1.0     -7.7
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................    -21.6     19.4     -6.8     -2.2     30.6     -5.9     20.5    -51.3     27.7

Addenda for corporate cash flow:
  Net cash flow with inventory
   valuation adjustment..............     -5.1      5.6      -.8       .5      8.5      -.7      5.4      4.0      1.0
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................    -21.6     19.4     -6.8     -2.2     30.6     -5.9     20.5    -51.3     27.7
    Consumption of fixed capital.....      1.4      1.4      1.4      1.4      1.4      1.4      1.4      1.4       .0
    Less: Capital transfers
     paid (net)......................    .....    .....    .....    .....    .....    .....    .....    .....    .....

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........     -2.4      3.5     -2.8      1.4     -9.1     -1.7     -1.1    -32.8     17.6
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........     -3.9      5.0     -1.8      2.6     -4.1     -1.7      -.3    -34.2     16.6
  Inventory valuation adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....
  Capital consumption adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....
----------------------------------------------------------------------------------------------------------------------

                                          Table 12A. Corporate Profits by Industry--Continues
                                                         [Billions of dollars]
---------------------------------------------------------------------------------------------------------------------------------------
                                         1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
---------------------------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................    812.4    856.3    819.2    784.2    872.2    977.8  1,246.9  1,456.1  1,608.3  1,541.7  1,360.4

Domestic industries.................    709.7    734.8    673.6    614.5    714.3    812.0  1,041.9  1,216.6  1,351.5  1,193.9    983.2
  Financial.........................    165.8    200.2    201.4    244.4    287.1    325.9    364.4    419.0    427.6    347.0    271.6
  Nonfinancial......................    543.9    534.6    472.2    370.1    427.2    486.1    677.5    797.6    923.9    846.9    711.6

Rest of the world...................    102.8    121.5    145.6    169.7    157.9    165.8    205.0    239.4    256.8    347.8    377.2
  Receipts from the rest of the
   world............................    146.8    176.8    202.5    182.6    204.4    249.2    328.2    384.1    434.4    504.5    544.2
  Less: Payments to the rest of the
   world............................     44.0     55.3     56.9     12.9     46.5     83.4    123.1    144.6    177.6    156.8    167.0

    Corporate profits with
     inventory valuation adjustment.    738.6    776.6    755.7    720.8    762.8    892.2  1,195.1  1,609.5  1,784.7  1,730.4  1,424.5

Domestic industries.................    635.9    655.0    610.0    551.1    604.9    726.4    990.1  1,370.0  1,527.8  1,382.6  1,047.3
  Financial.........................    159.5    189.3    189.6    228.0    265.2    311.8    362.3    443.6    448.0    367.8    278.9
    Federal Reserve banks...........     25.6     26.7     31.2     28.9     23.5     20.1     20.0     26.6     33.8     37.7     35.7
    Other financial.................    133.9    162.6    158.4    199.1    241.7    291.8    342.3    417.0    414.1    330.1    243.2

  Nonfinancial......................    476.4    465.7    420.4    323.1    339.7    414.6    627.8    926.4  1,079.9  1,014.9    768.4
    Utilities.......................     33.5     33.7     25.6     25.2     12.3     12.4     19.4     29.8     54.4     49.1     40.1
    Manufacturing...................    155.8    148.8    143.9     49.7     47.7     69.4    154.1    247.2    304.5    278.6    175.5
      Durable goods.................     82.7     71.2     60.0    -26.9     -7.7     -4.3     40.7     95.6    118.9     96.1     30.7
        Fabricated metal products...     16.4     16.4     15.8      9.8      9.1      8.0     12.2     18.1     18.7     21.3     17.6
        Machinery...................     15.3     11.7      7.7      2.0      1.4      1.0      7.1     14.5     19.2     19.8     16.1
        Computer and electronic
         products...................      4.2     -6.8      4.2    -48.6    -34.4    -14.7     -4.3      9.0     17.4     11.2      4.7
        Electrical equipment,
         appliances, and components.      6.2      6.4      5.9      1.9       .0      2.2       .6     -1.4     11.5     -1.1     -4.1
        Motor vehicles, bodies and
         trailers, and parts........      6.4      7.7      -.7     -8.9     -4.5    -11.7     -6.8      1.1     -6.8    -16.4    -47.5
        Other durable goods.........     34.2     35.9     27.1     16.8     20.7     10.8     31.9     54.2     58.9     61.3     43.9

      Nondurable goods..............     73.1     77.6     83.9     76.6     55.4     73.8    113.4    151.7    185.7    182.6    144.9
        Food and beverage and
         tobacco products...........     22.1     30.9     26.0     28.2     25.3     24.0     24.3     27.3     32.5     30.2     33.7
        Petroleum and coal products.      5.3      2.2     27.6     29.7      1.3     23.5     49.1     79.4     76.6     77.8     66.5
        Chemical products...........     25.0     22.8     13.8     11.6     17.8     18.9     24.7     25.7     52.5     51.9     31.3
        Other nondurable goods......     20.7     21.7     16.5      7.1     11.0      7.4     15.3     19.3     24.0     22.7     13.3

    Wholesale trade.................     52.8     54.8     58.7     51.3     49.1     54.8     75.6     92.2    103.7    102.2     75.1
    Retail trade....................     67.3     65.7     60.7     72.6     81.6     88.9     93.4    122.6    133.2    121.6     78.2
    Transportation and warehousing..     21.3     16.5     15.2      1.2      -.1      7.4     14.4     29.0     42.1     30.0     11.4
    Information.....................     21.9     12.5    -15.5    -24.4     -3.8      4.9     45.6     81.3     92.4     90.3     84.7
    Other nonfinancial..............    123.7    133.6    131.8    147.4    153.0    176.7    225.2    324.3    349.6    343.0    303.4

Rest of the world...................    102.8    121.5    145.6    169.7    157.9    165.8    205.0    239.4    256.8    347.8    377.2
---------------------------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                                              Table 12A. Corporate Profits by Industry--Continues
                                      [Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------
                                         I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
------------------------------------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................  1,187.2  1,226.9  1,292.2  1,281.4  1,408.2  1,429.0  1,454.7  1,532.5  1,590.9  1,597.7  1,655.1  1,589.6

Domestic industries.................    974.0  1,029.6  1,077.0  1,087.0  1,174.0  1,195.7  1,201.7  1,295.2  1,344.0  1,342.4  1,404.1  1,315.4
  Financial.........................    352.9    355.0    364.4    385.1    425.5    390.2    440.6    419.7    442.0    447.5    416.5    404.4
  Nonfinancial......................    621.2    674.6    712.6    701.8    748.5    805.5    761.1    875.4    902.0    894.9    987.6    911.1

Rest of the world...................    213.2    197.3    215.2    194.4    234.2    233.3    252.9    237.4    246.9    255.3    251.0    274.1
  Receipts from the rest of the
   world............................    314.7    323.1    332.7    342.1    373.3    374.6    384.3    404.1    410.6    436.0    441.2    450.0
  Less: Payments to the rest of the
   world............................    101.5    125.9    117.5    147.7    139.1    141.3    131.3    166.8    163.6    180.7    190.2    175.9

    Corporate profits with
     inventory valuation adjustment.  1,120.5  1,171.3  1,246.0  1,242.8  1,542.9  1,573.5  1,613.0  1,708.5  1,781.9  1,771.4  1,822.8  1,762.7

Domestic industries.................    907.3    974.0  1,030.8  1,048.4  1,308.7  1,340.2  1,360.0  1,471.1  1,535.0  1,516.1  1,571.8  1,488.6
  Financial.........................    346.3    351.7    364.0    387.4    448.0    414.5    466.1    445.8    466.5    467.8    434.8    422.8
    Federal Reserve banks...........     19.1     19.1     20.1     21.9     22.9     25.5     26.8     31.0     31.0     33.6     35.8     34.9
    Other financial.................    327.2    332.6    343.9    365.4    425.1    388.9    439.3    414.7    435.5    434.2    399.0    387.8

  Nonfinancial......................    561.1    622.4    666.8    661.0    860.7    925.8    893.9  1,025.4  1,068.5  1,048.3  1,137.0  1,065.8
    Utilities.......................     16.1     18.7     19.3     23.7     28.0     29.4     22.6     39.1     45.2     53.1     60.8     58.4
    Manufacturing...................    131.7    148.1    161.3    175.3    242.8    234.8    246.5    264.9    294.4    302.3    336.4    285.0
      Durable goods.................     31.1     40.3     43.2     48.1     86.4     93.6     96.5    105.6    125.3     94.9    134.1    121.2
        Fabricated metal products...     10.9     12.8     11.1     13.7     17.0     18.0     19.8     17.5     19.6     16.7     18.1     20.4
        Machinery...................      3.8      7.2      9.2      8.3     11.5     12.5     14.3     19.9     18.8     18.7     20.1     19.3
        Computer and electronic
         products...................     -6.2     -5.8     -3.9     -1.4      6.5      8.6     10.0     11.0     10.1     19.1     22.6     17.7
        Electrical equipment,
         appliances, and components.      2.5      2.5      -.1     -2.3     -4.3     -4.1      -.4      2.9     12.6      8.8     12.3     12.1
        Motor vehicles, bodies and
         trailers, and parts........     -1.6     -8.2     -9.6     -7.8      3.9      3.9      -.2     -3.0      1.2    -13.9     -5.6     -8.8
        Other durable goods.........     21.6     31.9     36.5     37.6     51.8     54.7     53.0     57.4     63.0     45.5     66.7     60.6

      Nondurable goods..............    100.6    107.8    118.1    127.2    156.3    141.2    150.0    159.3    169.1    207.4    202.3    163.8
        Food and beverage and
         tobacco products...........     24.6     22.3     27.5     22.9     28.2     25.5     26.9     28.5     30.3     32.7     33.7     33.1
        Petroleum and coal products.     41.3     46.7     40.6     67.8     71.9     75.7     80.7     89.5     73.4     89.1     84.1     59.9
        Chemical products...........     19.3     24.8     32.3     22.6     38.9     20.1     21.8     22.1     46.3     59.9     61.5     42.3
        Other nondurable goods......     15.4     13.9     17.8     14.0     17.4     19.9     20.5     19.2     19.0     25.6     23.0     28.5

    Wholesale trade.................     71.3     80.0     84.3     66.9     90.5    105.7     83.5     89.2    104.4    100.7    107.4    102.2
    Retail trade....................    102.3     95.0     88.6     87.6    101.0    128.1    117.9    143.3    132.3    123.3    136.4    140.7
    Transportation and warehousing..     14.2     20.5     13.1      9.8     25.7     28.5     28.2     33.7     43.4     45.3     40.3     39.6
    Information.....................     14.8     47.6     66.3     53.8     76.2     85.7     78.5     84.8     84.1     92.6    100.8     92.1
    Other nonfinancial..............    210.6    212.5    234.0    244.0    296.6    313.6    316.7    370.4    364.8    331.0    354.9    347.8

Rest of the world...................    213.2    197.3    215.2    194.4    234.2    233.3    252.9    237.4    246.9    255.3    251.0    274.1
------------------------------------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                                Table 12A. Corporate Profits by Industry--Table Ends
                         [Billions of dollars; quarters seasonally adjusted at annual rates]
---------------------------------------------------------------------------------------------------------------------
                                         I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09
---------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................  1,535.4  1,594.9  1,537.1  1,499.4  1,459.7  1,403.7  1,454.6  1,123.6  1,182.7

Domestic industries.................  1,253.2  1,283.7  1,166.6  1,072.3  1,047.4  1,036.7  1,057.4    791.3    867.0
  Financial.........................    365.7    386.0    356.5    279.9    350.7    323.9    289.8    121.9    237.8
  Nonfinancial......................    887.5    897.7    810.1    792.4    696.7    712.8    767.6    669.4    629.2

Rest of the world...................    282.2    311.2    370.5    427.1    412.3    367.0    397.2    332.4    315.8
  Receipts from the rest of the
   world............................    457.6    490.0    521.8    548.8    565.7    573.6    558.5    479.1    402.2
  Less: Payments to the rest of the
   world............................    175.4    178.8    151.3    121.7    153.5    206.6    161.3    146.8     86.4

    Corporate profits with
     inventory valuation adjustment.  1,705.4  1,779.1  1,732.9  1,704.1  1,512.9  1,463.8  1,522.2  1,199.3  1,327.6

Domestic industries.................  1,423.2  1,467.9  1,362.4  1,277.0  1,100.6  1,096.8  1,125.0    866.9  1,011.9
  Financial.........................    384.2    406.2    378.2    302.5    357.0    330.8    297.5    130.3    253.9
    Federal Reserve banks...........     38.2     38.5     37.5     36.5     35.9     31.1     34.6     41.1     28.8
    Other financial.................    346.0    367.7    340.6    266.0    321.1    299.7    262.9     89.2    225.1

  Nonfinancial......................  1,039.0  1,061.7    984.2    974.5    743.6    766.0    827.5    736.6    758.0
    Utilities.......................     51.3     46.6     47.3     51.2     33.1     43.1     43.5     40.8     53.6
    Manufacturing...................    288.9    316.0    244.0    265.7    187.6    160.1    205.7    148.6    121.6
      Durable goods.................    105.9    100.6     84.9     92.8     61.0     19.7     40.5      1.5      8.0
        Fabricated metal products...     19.1     20.6     22.5     23.0     18.5     14.9     17.7     19.2     19.3
        Machinery...................     20.0     21.0     19.3     19.0     17.1     13.1     14.6     19.6     12.8
        Computer and electronic
         products...................     17.0     10.5     11.6      5.5     14.5      2.0       .1      2.2      3.2
        Electrical equipment,
         appliances, and components.      3.5     -2.1     -4.5     -1.4     -3.6     -2.0     -2.6     -8.4     -6.3
        Motor vehicles, bodies and
         trailers, and parts........    -15.1     -8.7    -24.9    -17.0    -35.3    -55.7    -45.4    -53.4    -54.8
        Other durable goods.........     61.4     59.3     60.9     63.7     49.8     47.4     56.2     22.3     33.9

      Nondurable goods..............    183.0    215.4    159.1    172.9    126.6    140.5    165.2    147.1    113.6
        Food and beverage and
         tobacco products...........     28.2     33.5     29.3     29.8     29.2     37.1     37.3     31.3     34.7
        Petroleum and coal products.     78.0    110.9     64.8     57.5     64.5     42.5     79.3     79.7     29.4
        Chemical products...........     52.4     50.2     42.6     62.4     16.4     48.2     39.1     21.7     29.6
        Other nondurable goods......     24.3     20.8     22.5     23.2     16.6     12.7      9.5     14.4     19.8

    Wholesale trade.................    107.9    117.0    107.9     76.0     46.6     56.6     85.8    111.5     94.0
    Retail trade....................    127.9    137.2    118.7    102.4     75.6     80.2     77.1     79.7     83.1
    Transportation and warehousing..     32.9     33.0     30.9     23.4     12.9     11.9      9.2     11.5      6.7
    Information.....................     90.5     77.5     93.9     99.4     91.6    101.8     81.9     63.6     95.4
    Other nonfinancial..............    339.6    334.4    341.5    356.4    296.3    312.1    324.4    280.8    303.6

Rest of the world...................    282.2    311.2    370.5    427.1    412.3    367.0    397.2    332.4    315.8
---------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                           Table 12B. Corporate Profits by Industry: Change From Preceding Period--Continues
                                                         [Billions of dollars]
------------------------------------------------------------------------------------------------------------------------------
                                         1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
------------------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................     43.9    -37.1    -35.0     88.0    105.6    269.1    209.2    152.2    -66.6   -181.3

Domestic industries.................     25.1    -61.2    -59.1     99.8     97.7    229.9    174.7    134.9   -157.6   -210.7
  Financial.........................     34.4      1.2     43.0     42.7     38.8     38.5     54.6      8.6    -80.6    -75.4
  Nonfinancial......................     -9.3    -62.4   -102.1     57.1     58.9    191.4    120.1    126.3    -77.0   -135.3

Rest of the world...................     18.7     24.1     24.1    -11.8      7.9     39.2     34.4     17.4     91.0     29.4
  Receipts from the rest of the
   world............................     30.0     25.7    -19.9     21.8     44.8     79.0     55.9     50.3     70.1     39.7
  Less: Payments to the rest of the
   world............................     11.3      1.6    -44.0     33.6     36.9     39.7     21.5     33.0    -20.8     10.2

    Corporate profits with
     inventory valuation adjustment.     38.0    -20.9    -34.9     42.0    129.4    302.9    414.4    175.2    -54.3   -305.9

Domestic industries.................     19.1    -45.0    -58.9     53.8    121.5    263.7    379.9    157.8   -145.2   -335.3
  Financial.........................     29.8       .3     38.4     37.2     46.6     50.5     81.3      4.4    -80.2    -88.9
    Federal Reserve banks...........      1.1      4.5     -2.3     -5.4     -3.4      -.1      6.6      7.2      3.9     -2.0
    Other financial.................     28.7     -4.2     40.7     42.6     50.1     50.5     74.7     -2.9    -84.0    -86.9

  Nonfinancial......................    -10.7    -45.3    -97.3     16.6     74.9    213.2    298.6    153.5    -65.0   -246.5
    Utilities.......................       .2     -8.1      -.4    -12.9       .1      7.0     10.4     24.6     -5.3     -9.0
    Manufacturing...................     -7.0     -4.9    -94.2     -2.0     21.7     84.7     93.1     57.3    -25.9   -103.1
      Durable goods.................    -11.5    -11.2    -86.9     19.2      3.4     45.0     54.9     23.3    -22.8    -65.4
        Fabricated metal products...    .....      -.6     -6.0      -.7     -1.1      4.2      5.9       .6      2.6     -3.7
        Machinery...................     -3.6     -4.0     -5.7      -.6      -.4      6.1      7.4      4.7       .6     -3.7
        Computer and electronic
         products...................    -11.0     11.0    -52.8     14.2     19.7     10.4     13.3      8.4     -6.2     -6.5
        Electrical equipment,
         appliances, and components.       .2      -.5     -4.0     -1.9      2.2     -1.6     -2.0     12.9    -12.6     -3.0
        Motor vehicles, bodies and
         trailers, and parts........      1.3     -8.4     -8.2      4.4     -7.2      4.9      7.9     -7.9     -9.6    -31.1
        Other durable goods.........      1.7     -8.8    -10.3      3.9     -9.9     21.1     22.3      4.7      2.4    -17.4

      Nondurable goods..............      4.5      6.3     -7.3    -21.2     18.4     39.6     38.3     34.0     -3.1    -37.7
        Food and beverage and
         tobacco products...........      8.8     -4.9      2.2     -2.9     -1.3       .3      3.0      5.2     -2.3      3.5
        Petroleum and coal products.     -3.1     25.4      2.1    -28.4     22.2     25.6     30.3     -2.8      1.2    -11.3
        Chemical products...........     -2.2     -9.0     -2.2      6.2      1.1      5.8      1.0     26.8      -.6    -20.6
        Other nondurable goods......      1.0     -5.2     -9.4      3.9     -3.6      7.9      4.0      4.7     -1.3     -9.4

    Wholesale trade.................      2.0      3.9     -7.4     -2.2      5.7     20.8     16.6     11.5     -1.5    -27.1
    Retail trade....................     -1.6     -5.0     11.9      9.0      7.3      4.5     29.2     10.6    -11.6    -43.4
    Transportation and warehousing..     -4.8     -1.3    -14.0     -1.3      7.5      7.0     14.6     13.1    -12.1    -18.6
    Information.....................     -9.4    -28.0     -8.9     20.6      8.7     40.7     35.7     11.1     -2.1     -5.6
    Other nonfinancial..............      9.9     -1.8     15.6      5.6     23.7     48.5     99.1     25.3     -6.6    -39.6

Rest of the world...................     18.7     24.1     24.1    -11.8      7.9     39.2     34.4     17.4     91.0     29.4
------------------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                               Table 12B. Corporate Profits by Industry: Change From Preceding Period--Continues
                                                             [Billions of dollars]
------------------------------------------------------------------------------------------------------------------------------------------------
                                         I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
------------------------------------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................    136.3     39.7     65.3    -10.8    126.8     20.8     25.7     77.8     58.4      6.8     57.4    -65.5

Domestic industries.................    114.9     55.6     47.4     10.0     87.0     21.7      6.0     93.5     48.8     -1.6     61.7    -88.7
  Financial.........................     15.8      2.1      9.4     20.7     40.4    -35.3     50.4    -20.9     22.3      5.5    -31.0    -12.1
  Nonfinancial......................     99.2     53.4     38.0    -10.8     46.7     57.0    -44.4    114.3     26.6     -7.1     92.7    -76.5

Rest of the world...................     21.4    -15.9     17.9    -20.8     39.8      -.9     19.6    -15.5      9.5      8.4     -4.3     23.1
  Receipts from the rest of the
   world............................     33.7      8.4      9.6      9.4     31.2      1.3      9.7     19.8      6.5     25.4      5.2      8.8
  Less: Payments to the rest of the
   world............................     12.3     24.4     -8.4     30.2     -8.6      2.2    -10.0     35.5     -3.2     17.1      9.5    -14.3

    Corporate profits with
     inventory valuation adjustment.    146.2     50.8     74.7     -3.2    300.1     30.6     39.5     95.5     73.4    -10.5     51.4    -60.1

Domestic industries.................    124.9     66.7     56.8     17.6    260.3     31.5     19.8    111.1     63.9    -18.9     55.7    -83.2
  Financial.........................     19.7      5.4     12.3     23.4     60.6    -33.5     51.6    -20.3     20.7      1.3    -33.0    -12.0
    Federal Reserve banks...........       .8       .0      1.0      1.8      1.0      2.6      1.3      4.2       .0      2.6      2.2      -.9
    Other financial.................     18.9      5.4     11.3     21.5     59.7    -36.2     50.4    -24.6     20.8     -1.3    -35.2    -11.2

  Nonfinancial......................    105.3     61.3     44.4     -5.8    199.7     65.1    -31.9    131.5     43.1    -20.2     88.7    -71.2
    Utilities.......................      2.3      2.6       .6      4.4      4.3      1.4     -6.8     16.5      6.1      7.9      7.7     -2.4
    Manufacturing...................     30.3     16.4     13.2     14.0     67.5     -8.0     11.7     18.4     29.5      7.9     34.1    -51.4
      Durable goods.................     23.7      9.2      2.9      4.9     38.3      7.2      2.9      9.1     19.7    -30.4     39.2    -12.9
        Fabricated metal products...    .....      1.9     -1.7      2.6      3.3      1.0      1.8     -2.3      2.1     -2.9      1.4      2.3
        Machinery...................      2.1      3.4      2.0      -.9      3.2      1.0      1.8      5.6     -1.1      -.1      1.4      -.8
        Computer and electronic
         products...................      2.7       .4      1.9      2.5      7.9      2.1      1.4      1.0      -.9      9.0      3.5     -4.9
        Electrical equipment,
         appliances, and components.      -.2       .0     -2.6     -2.2     -2.0       .2      3.7      3.3      9.7     -3.8      3.5      -.2
        Motor vehicles, bodies and
         trailers, and parts........     12.3     -6.6     -1.4      1.8     11.7       .0     -4.1     -2.8      4.2    -15.1      8.3     -3.2
        Other durable goods.........      6.8     10.3      4.6      1.1     14.2      2.9     -1.7      4.4      5.6    -17.5     21.2     -6.1

      Nondurable goods..............      6.5      7.2     10.3      9.1     29.1    -15.1      8.8      9.3      9.8     38.3     -5.1    -38.5
        Food and beverage and
         tobacco products...........     -3.1     -2.3      5.2     -4.6      5.3     -2.7      1.4      1.6      1.8      2.4      1.0      -.6
        Petroleum and coal products.      8.2      5.4     -6.1     27.2      4.1      3.8      5.0      8.8    -16.1     15.7     -5.0    -24.2
        Chemical products...........     -1.8      5.5      7.5     -9.7     16.3    -18.8      1.7       .3     24.2     13.6      1.6    -19.2
        Other nondurable goods......      3.3     -1.5      3.9     -3.8      3.4      2.5       .6     -1.3      -.2      6.6     -2.6      5.5

    Wholesale trade.................      8.7      8.7      4.3    -17.4     23.6     15.2    -22.2      5.7     15.2     -3.7      6.7     -5.2
    Retail trade....................     16.7     -7.3     -6.4     -1.0     13.4     27.1    -10.2     25.4    -11.0     -9.0     13.1      4.3
    Transportation and warehousing..      4.8      6.3     -7.4     -3.3     15.9      2.8      -.3      5.5      9.7      1.9     -5.0      -.7
    Information.....................      8.6     32.8     18.7    -12.5     22.4      9.5     -7.2      6.3      -.7      8.5      8.2     -8.7
    Other nonfinancial..............     33.8      1.9     21.5     10.0     52.6     17.0      3.1     53.7     -5.6    -33.8     23.9     -7.1

Rest of the world...................     21.4    -15.9     17.9    -20.8     39.8      -.9     19.6    -15.5      9.5      8.4     -4.3     23.1
------------------------------------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                 Table 12B. Corporate Profits by Industry: Change From Preceding Period--Table Ends
                                                [Billions of dollars]
---------------------------------------------------------------------------------------------------------------------
                                         I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09
---------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................    -54.2     59.5    -57.8    -37.7    -39.7    -56.0     50.9   -331.0     59.1

Domestic industries.................    -62.2     30.5   -117.1    -94.3    -24.9    -10.7     20.7   -266.1     75.7
  Financial.........................    -38.7     20.3    -29.5    -76.6     70.8    -26.8    -34.1   -167.9    115.9
  Nonfinancial......................    -23.6     10.2    -87.6    -17.7    -95.7     16.1     54.8    -98.2    -40.2

Rest of the world...................      8.1     29.0     59.3     56.6    -14.8    -45.3     30.2    -64.8    -16.6
  Receipts from the rest of the
   world............................      7.6     32.4     31.8     27.0     16.9      7.9    -15.1    -79.4    -76.9
  Less: Payments to the rest of the
   world............................      -.5      3.4    -27.5    -29.6     31.8     53.1    -45.3    -14.5    -60.4

    Corporate profits with
     inventory valuation adjustment.    -57.3     73.7    -46.2    -28.8   -191.2    -49.1     58.4   -322.9    128.3

Domestic industries.................    -65.4     44.7   -105.5    -85.4   -176.4     -3.8     28.2   -258.1    145.0
  Financial.........................    -38.6     22.0    -28.0    -75.7     54.5    -26.2    -33.3   -167.2    123.6
    Federal Reserve banks...........      3.3       .3     -1.0     -1.0      -.6     -4.8      3.5      6.5    -12.3
    Other financial.................    -41.8     21.7    -27.1    -74.6     55.1    -21.4    -36.8   -173.7    135.9

  Nonfinancial......................    -26.8     22.7    -77.5     -9.7   -230.9     22.4     61.5    -90.9     21.4
    Utilities.......................     -7.1     -4.7       .7      3.9    -18.1     10.0       .4     -2.7     12.8
    Manufacturing...................      3.9     27.1    -72.0     21.7    -78.1    -27.5     45.6    -57.1    -27.0
      Durable goods.................    -15.3     -5.3    -15.7      7.9    -31.8    -41.3     20.8    -39.0      6.5
        Fabricated metal products...     -1.3      1.5      1.9       .5     -4.5     -3.6      2.8      1.5       .1
        Machinery...................       .7      1.0     -1.7      -.3     -1.9     -4.0      1.5      5.0     -6.8
        Computer and electronic
         products...................      -.7     -6.5      1.1     -6.1      9.0    -12.5     -1.9      2.1      1.0
        Electrical equipment,
         appliances, and components.     -8.6     -5.6     -2.4      3.1     -2.2      1.6      -.6     -5.8      2.1
        Motor vehicles, bodies and
         trailers, and parts........     -6.3      6.4    -16.2      7.9    -18.3    -20.4     10.3     -8.0     -1.4
        Other durable goods.........       .8     -2.1      1.6      2.8    -13.9     -2.4      8.8    -33.9     11.6

      Nondurable goods..............     19.2     32.4    -56.3     13.8    -46.3     13.9     24.7    -18.1    -33.5
        Food and beverage and
         tobacco products...........     -4.9      5.3     -4.2       .5      -.6      7.9       .2     -6.0      3.4
        Petroleum and coal products.     18.1     32.9    -46.1     -7.3      7.0    -22.0     36.8       .4    -50.3
        Chemical products...........     10.1     -2.2     -7.6     19.8    -46.0     31.8     -9.1    -17.4      7.9
        Other nondurable goods......     -4.2     -3.5      1.7       .7     -6.6     -3.9     -3.2      4.9      5.4

    Wholesale trade.................      5.7      9.1     -9.1    -31.9    -29.4     10.0     29.2     25.7    -17.5
    Retail trade....................    -12.8      9.3    -18.5    -16.3    -26.8      4.6     -3.1      2.6      3.4
    Transportation and warehousing..     -6.7       .1     -2.1     -7.5    -10.5     -1.0     -2.7      2.3     -4.8
    Information.....................     -1.6    -13.0     16.4      5.5     -7.8     10.2    -19.9    -18.3     31.8
    Other nonfinancial..............     -8.2     -5.2      7.1     14.9    -60.1     15.8     12.3    -43.6     22.8

Rest of the world...................      8.1     29.0     59.3     56.6    -14.8    -45.3     30.2    -64.8    -16.6
---------------------------------------------------------------------------------------------------------------------
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                                     Table 12C.--Revisions to Corporate Profits by Industry
---------------------------------------------------------------------------------------------------------------------------------
                                                               Billions of dollars
                                             ------------------------      ------------------------           Revisions as a
                                                      Revised                   Revisions to                    percent of
                                                     estimates                   previously                     previously
                                                                                 published                      published
                                             ------------------------      ------------------------      ------------------------
                                             2006      2007      2008      2006      2007      2008      2006      2007      2008
---------------------------------------------------------------------------------------------------------------------------------
Corporate profits with
 inventory valuation and
 capital consumption
 adjustments...........................   1,608.3   1,541.7   1,360.4     -60.2    -100.7    -116.1      -3.6      -6.1      -7.9

  Domestic industries..................   1,351.5   1,193.9     983.2     -49.5    -103.9    -106.8      -3.5      -8.0      -9.8
    Financial..........................     427.6     347.0     271.6     -34.5     -82.7     -30.3      -7.5     -19.2     -10.0
    Nonfinancial.......................     923.9     846.9     711.6     -15.1     -21.2     -76.4      -1.6      -2.4      -9.7

  Rest of the world....................     256.8     347.8     377.2     -10.7       3.1      -9.4      -4.0        .9      -2.4
    Receipts from the rest of the
     world.............................     434.4     504.5     544.2      -4.5      -4.7       4.8      -1.0       -.9        .9
    Less: Payments to the rest of the
     world.............................     177.6     156.8     167.0       6.2      -7.7      14.2       3.6      -4.7       9.3

Corporate profits with
 inventory valuation adjustment........   1,784.7   1,730.4   1,424.5     -49.5    -104.7    -123.7      -2.7      -5.7      -8.0

  Domestic industries..................   1,527.8   1,382.6   1,047.3     -38.9    -107.9    -114.4      -2.5      -7.2      -9.8
    Financial..........................     448.0     367.8     278.9     -30.8     -82.1     -30.0      -6.4     -18.2      -9.7
      Federal Reserve banks............      33.8      37.7      35.7        .0        .0        .2        .0        .0        .6
      Other financial..................     414.1     330.1     243.2     -30.9     -82.1     -30.2      -6.9     -19.9     -11.0

    Nonfinancial.......................   1,079.9   1,014.9     768.4      -8.0     -25.7     -84.3       -.7      -2.5      -9.9
      Utilities........................      54.4      49.1      40.1      -1.2      -9.4     -14.5      -2.2     -16.1     -26.6
      Manufacturing....................     304.5     278.6     175.5        .2     -38.0     -64.3        .1     -12.0     -26.8
        Durable goods..................     118.9      96.1      30.7       3.0     -31.3     -38.3       2.6     -24.6     -55.5
        Nondurable goods...............     185.7     182.6     144.9      -2.7      -6.7     -25.9      -1.4      -3.5     -15.2

      Wholesale trade..................     103.7     102.2      75.1      -3.8       -.4      -1.4      -3.5       -.4      -1.8
      Retail trade.....................     133.2     121.6      78.2        .9     -10.7     -13.5        .7      -8.1     -14.7
      Transportation and warehousing...      42.1      30.0      11.4       -.4     -12.7     -13.3       -.9     -29.7     -53.8
      Information......................      92.4      90.3      84.7       1.3     -12.7     -17.2       1.4     -12.3     -16.9
      Other nonfinancial...............     349.6     343.0     303.4      -5.1      58.1      39.7      -1.4      20.4      15.1

  Rest of the world....................     256.8     347.8     377.2     -10.7       3.1      -9.4      -4.0        .9      -2.4

Corporate profits before tax without
 inventory valuation and capital
 consumption adjustments...............   1,822.7   1,774.4   1,462.7     -51.0    -111.9    -134.6      -2.7      -5.9      -8.4

Addendum:
  Corporate profits after tax with
   inventory valuation and capital
   consumption adjustments.............   1,135.0   1,090.2   1,068.2     -64.6    -101.8     -41.7      -5.4      -8.5      -3.8
---------------------------------------------------------------------------------------------------------------------------------

                              Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business--Continues
-----------------------------------------------------------------------------------------------------------------------------------------------
                                                 1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008
-----------------------------------------------------------------------------------------------------------------------------------------------
                                                                                    Billions of dollars
                                            ---------------------------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................  4,668.3  4,955.5  5,279.4  5,252.5  5,307.7  5,503.7  5,877.5  6,302.8  6,740.3  6,970.1  6,971.5

Consumption of fixed capital................    499.9    539.3    590.1    632.0    654.5    669.0    695.6    743.0    800.9    849.4    898.4

Net value added.............................  4,168.5  4,416.3  4,689.4  4,620.5  4,653.1  4,834.7  5,181.9  5,559.8  5,939.4  6,120.6  6,073.0

  Compensation of employees.................  3,049.7  3,256.5  3,541.8  3,559.4  3,544.2  3,651.3  3,786.7  3,976.3  4,182.3  4,364.2  4,427.9
    Wage and salary accruals................  2,568.3  2,755.6  2,991.1  2,989.9  2,936.7  2,979.0  3,105.5  3,267.5  3,462.3  3,627.3  3,677.2
    Supplements to wages and salaries.......    481.4    501.0    550.7    569.5    607.5    672.3    681.2    708.8    720.0    736.9    750.7
  Taxes on production and imports less
   subsidies................................    393.1    414.6    439.4    434.5    461.9    484.2    517.7    558.4    593.3    612.8    621.0
  Net operating surplus.....................    725.7    745.1    708.2    626.7    647.1    699.2    877.5  1,025.1  1,163.7  1,143.7  1,024.1
    Net interest and miscellaneous
     payments...............................    146.8    164.5    192.8    197.7    163.7    147.9    134.4    148.2    164.0    228.1    242.1
    Business current transfer
     payments (net).........................     35.2     47.1     47.9     58.9     56.3     65.2     65.5     79.3     75.8     68.6     70.4
    Corporate profits with inventory
     valuation and capital consumption
     adjustments............................    543.7    533.5    467.5    370.1    427.2    486.1    677.5    797.6    923.9    846.9    711.6
      Taxes on corporate income.............    158.7    171.4    170.2    111.2     97.1    132.9    187.0    271.9    307.6    299.3    237.8
      Profits after tax with inventory
       valuation and capital consumption
       adjustments..........................    385.1    362.1    297.3    258.8    330.1    353.2    490.6    525.8    616.2    547.6    473.8
        Net dividends.......................    241.0    224.7    251.3    245.4    254.8    293.4    364.5    170.9    471.1    465.2    409.3
        Undistributed profits with
         inventory valuation and capital
         consumption adjustments............    144.0    137.4     46.0     13.4     75.3     59.8    126.1    354.9    145.1     82.4     64.5

Addenda:
  Profits before tax (without inventory
   valuation and capital consumption
   adjustments).............................    460.5    468.6    432.5    315.1    342.3    425.9    662.1    957.1  1,117.9  1,058.9    806.7
  Profits after tax (without inventory
   valuation and capital consumption
   adjustments).............................    301.8    297.2    262.3    203.8    245.2    293.0    475.1    685.3    810.3    759.5    568.8
  Inventory valuation adjustment............     15.7     -4.0    -16.8      8.0     -2.6    -11.3    -34.3    -30.7    -38.0    -44.0    -38.2
  Capital consumption adjustment............     67.5     68.9     51.8     47.0     87.5     71.5     49.7   -128.8   -156.0   -167.9    -56.8
                                            ---------------------------------------------------------------------------------------------------
                                                                            Billions of chained (2005) dollars
                                            ---------------------------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business\1\..................  5,123.5  5,422.5  5,707.9  5,604.6  5,629.3  5,767.4  6,040.4  6,302.8  6,536.5  6,649.4  6,675.5

Consumption of fixed capital\2\.............    519.3    565.2    616.3    659.2    683.3    698.4    717.4    743.0    773.7    808.3    837.3
Net value added\3\..........................  4,604.2  4,857.4  5,091.6  4,945.4  4,946.0  5,069.0  5,323.0  5,559.8  5,762.9  5,841.2  5,838.2
                                            ---------------------------------------------------------------------------------------------------
                                                                           Dollars; quarters seasonally adjusted
                                            ---------------------------------------------------------------------------------------------------
Price, costs, and profits per unit of real
 gross value added of nonfinancial
 corporate business:

  Price per unit of real gross value added
   of nonfinancial corporate business\4\....     .911     .914     .925     .937     .943     .954     .973    1.000    1.031    1.048    1.044

  Compensation of employees (unit labor
   cost)....................................     .595     .601     .621     .635     .630     .633     .627     .631     .640     .656     .663

  Unit nonlabor cost........................     .211     .214     .222     .236     .237     .237     .234     .243     .250     .264     .275
    Consumption of fixed capital............     .098     .099     .103     .113     .116     .116     .115     .118     .123     .128     .135
    Taxes on production and imports less
     subsidies plus business current
     transfer payments (net)................     .084     .085     .085     .088     .092     .095     .097     .101     .102     .102     .104
    Net interest and miscellaneous payments.     .029     .030     .034     .035     .029     .026     .022     .024     .025     .034     .036

  Corporate profits with inventory valuation
   and capital consumption adjustments (unit
   profits from current production).........     .106     .098     .082     .066     .076     .084     .112     .127     .141     .127     .107
    Taxes on corporate income...............     .031     .032     .030     .020     .017     .023     .031     .043     .047     .045     .036
    Profits after tax with inventory
     valuation and capital consumption
     adjustments............................     .075     .067     .052     .046     .059     .061     .081     .083     .094     .082     .071
-----------------------------------------------------------------------------------------------------------------------------------------------
  1. The current-dollar gross value added is deflated using the
gross value added chain-type price index for nonfinancial industries
from the GDP-by-industry accounts.  For periods when this price index
is not available, the chain-type price index for GDP goods and
structures is used.
  2. Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2005 current-dollar value of the corresponding
series, divided by 100.
  3. Chained-dollar net value added of nonfinancial corporate
business is the difference between the gross value added and the
consumption of fixed capital.
  4. The deflator for gross value added of nonfinancial corporate
business divided by 100.
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                                   Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business--Continues
                                                     [Quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 I 04    II 04   III 04    IV 04     I 05    II 05   III 05    IV 05     I 06    II 06   III 06    IV 06
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                        Billions of dollars
                                            ------------------------------------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................  5,703.2  5,831.6  5,959.3  6,015.8  6,125.9  6,265.4  6,326.3  6,493.5  6,629.5  6,668.1  6,811.8  6,851.8

Consumption of fixed capital................    682.8    690.5    699.5    709.7    721.2    734.5    749.6    766.6    781.1    794.8    807.8    820.1

Net value added.............................  5,020.4  5,141.1  5,259.8  5,306.1  5,404.7  5,530.9  5,576.7  5,727.0  5,848.5  5,873.3  6,004.0  6,031.7

  Compensation of employees.................  3,694.1  3,752.4  3,827.0  3,873.4  3,895.6  3,944.6  4,019.0  4,046.2  4,131.8  4,153.0  4,180.3  4,264.2
    Wage and salary accruals................  3,020.0  3,076.2  3,144.2  3,181.8  3,198.2  3,239.1  3,304.6  3,328.1  3,414.7  3,435.2  3,460.7  3,538.6
    Supplements to wages and salaries.......    674.0    676.3    682.8    691.6    697.4    705.5    714.3    718.1    717.2    717.7    719.6    725.6
  Taxes on production and imports less
   subsidies................................    505.8    513.2    520.4    531.3    543.6    555.0    563.9    570.9    583.7    591.1    596.3    602.0
  Net operating surplus.....................    820.6    875.5    912.4    901.4    965.5  1,031.3    993.9  1,109.9  1,132.9  1,129.2  1,227.3  1,165.5
    Net interest and miscellaneous
     payments...............................    135.0    136.8    134.4    131.4    141.7    146.4    151.5    153.1    152.6    157.8    164.8    180.9
    Business current transfer
     payments (net).........................     64.4     64.1     65.4     68.2     75.3     79.4     81.2     81.3     78.4     76.4     74.9     73.5
    Corporate profits with inventory
     valuation and capital consumption
     adjustments............................    621.2    674.6    712.6    701.8    748.5    805.5    761.1    875.4    902.0    894.9    987.6    911.1
      Taxes on corporate income.............    164.6    185.5    199.0    198.8    264.1    265.2    257.6    300.4    294.1    308.8    329.3    298.3
      Profits after tax with inventory
       valuation and capital consumption
       adjustments..........................    456.5    489.1    513.6    503.0    484.4    540.3    503.5    575.0    607.8    586.2    658.3    612.7
        Net dividends.......................    333.5    323.0    328.1    473.3    314.1    252.2    106.6     10.5    399.4    413.0    488.0    584.1
        Undistributed profits with
         inventory valuation and capital
         consumption adjustments............    123.0    166.1    185.4     29.7    170.2    288.0    396.9    564.5    208.4    173.1    170.3     28.6

Addenda:
  Profits before tax (without inventory
   valuation and capital consumption
   adjustments).............................    577.9    660.7    701.7    707.9    898.9    943.9    922.4  1,063.4  1,101.8  1,096.7  1,179.3  1,093.8
  Profits after tax (without inventory
   valuation and capital consumption
   adjustments).............................    413.3    475.3    502.7    509.0    634.8    678.7    664.7    763.0    807.7    787.9    850.0    795.5
  Inventory valuation adjustment............    -16.9    -38.4    -34.9    -46.9    -38.2    -18.2    -28.4    -38.0    -33.4    -48.4    -42.3    -28.0
  Capital consumption adjustment............     60.1     52.2     45.8     40.8   -112.2   -120.2   -132.8   -150.0   -166.5   -153.3   -149.4   -154.8
                                            ------------------------------------------------------------------------------------------------------------
                                                                                 Billions of chained (2005) dollars
                                            ------------------------------------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business\1\..................  5,918.9  6,008.3  6,112.4  6,121.8  6,199.3  6,305.8  6,284.1  6,421.9  6,505.1  6,480.0  6,567.2  6,593.8

Consumption of fixed capital\2\.............    709.5    714.6    719.9    725.6    731.4    738.4    746.4    755.6    762.2    769.4    777.3    785.8
Net value added\3\..........................  5,209.5  5,293.7  5,392.5  5,396.3  5,467.9  5,567.4  5,537.7  5,666.4  5,743.0  5,710.5  5,789.9  5,808.0
                                            ------------------------------------------------------------------------------------------------------------
                                                                               Dollars; quarters seasonally adjusted
                                            ------------------------------------------------------------------------------------------------------------
Price, costs, and profits per unit of real
 gross value added of nonfinancial
 corporate business:

  Price per unit of real gross value added
   of nonfinancial corporate business\4\....     .964     .971     .975     .983     .988     .994    1.007    1.011    1.019    1.029    1.037    1.039

  Compensation of employees (unit labor
   cost)....................................     .624     .625     .626     .633     .628     .626     .640     .630     .635     .641     .637     .647

  Unit nonlabor cost........................     .234     .234     .232     .235     .239     .240     .246     .245     .245     .250     .250     .253
    Consumption of fixed capital............     .115     .115     .114     .116     .116     .116     .119     .119     .120     .123     .123     .124
    Taxes on production and imports less
     subsidies plus business current
     transfer payments (net)................     .096     .096     .096     .098     .100     .101     .103     .102     .102     .103     .102     .102
    Net interest and miscellaneous payments.     .023     .023     .022     .021     .023     .023     .024     .024     .023     .024     .025     .027

  Corporate profits with inventory valuation
   and capital consumption adjustments (unit
   profits from current production).........     .105     .112     .117     .115     .121     .128     .121     .136     .139     .138     .150     .138
    Taxes on corporate income...............     .028     .031     .033     .032     .043     .042     .041     .047     .045     .048     .050     .045
    Profits after tax with inventory
     valuation and capital consumption
     adjustments............................     .077     .081     .084     .082     .078     .086     .080     .090     .093     .090     .100     .093
--------------------------------------------------------------------------------------------------------------------------------------------------------
  1. The current-dollar gross value added is deflated using the
gross value added chain-type price index for nonfinancial industries
from the GDP-by-industry accounts.  For periods when this price index
is not available, the chain-type price index for GDP goods and
structures is used.
  2. Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2005 current-dollar value of the corresponding
series, divided by 100.
  3. Chained-dollar net value added of nonfinancial corporate
business is the difference between the gross value added and the
consumption of fixed capital.
  4. The deflator for gross value added of nonfinancial corporate
business divided by 100.
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

                     Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business--Table Ends
                                       [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------
                                                 I 07    II 07   III 07    IV 07     I 08    II 08   III 08    IV 08     I 09
-----------------------------------------------------------------------------------------------------------------------------
                                                                           Billions of dollars
                                            ---------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................  6,909.3  6,988.8  6,949.7  7,032.6  6,934.9  6,974.4  7,042.4  6,934.1  6,727.4

Consumption of fixed capital................    831.6    843.4    855.3    867.5    879.8    892.2    904.6    917.1    916.7

Net value added.............................  6,077.7  6,145.4  6,094.4  6,165.1  6,055.1  6,082.2  6,137.8  6,017.0  5,810.7

  Compensation of employees.................  4,314.0  4,345.1  4,365.4  4,432.2  4,429.6  4,431.6  4,440.4  4,410.1  4,262.1
    Wage and salary accruals................  3,582.4  3,611.3  3,627.8  3,687.7  3,682.7  3,681.9  3,687.5  3,656.8  3,516.7
    Supplements to wages and salaries.......    731.6    733.9    737.6    744.5    746.9    749.7    752.9    753.3    745.4
  Taxes on production and imports less
   subsidies................................    604.8    610.5    614.8    620.9    618.5    623.5    627.8    614.2    602.7
  Net operating surplus.....................  1,159.0  1,189.7  1,114.1  1,112.0  1,006.9  1,027.1  1,069.6    992.7    945.8
    Net interest and miscellaneous
     payments...............................    201.2    223.6    236.6    251.2    242.1    246.0    233.3    246.8    237.4
    Business current transfer
     payments (net).........................     70.3     68.4     67.5     68.4     68.1     68.3     68.7     76.5     79.2
    Corporate profits with inventory
     valuation and capital consumption
     adjustments............................    887.5    897.7    810.1    792.4    696.7    712.8    767.6    669.4    629.2
      Taxes on corporate income.............    313.3    305.3    284.4    294.2    255.9    263.1    254.5    177.7    197.9
      Profits after tax with inventory
       valuation and capital consumption
       adjustments..........................    574.1    592.4    525.7    498.1    440.8    449.7    513.1    491.6    431.3
        Net dividends.......................    487.7    485.7    459.6    428.0    408.8    395.2    383.3    449.9    373.1
        Undistributed profits with
         inventory valuation and capital
         consumption adjustments............     86.5    106.8     66.1     70.1     32.0     54.5    129.7     41.7     58.1

Addenda:
  Profits before tax (without inventory
   valuation and capital consumption
   adjustments).............................  1,081.2  1,091.2  1,009.6  1,053.5    851.6    895.6    882.0    597.4    676.9
  Profits after tax (without inventory
   valuation and capital consumption
   adjustments).............................    767.9    785.9    725.2    759.3    595.7    632.5    627.5    419.7    478.9
  Inventory valuation adjustment............    -42.2    -29.5    -25.3    -79.0   -107.9   -129.6    -54.5    139.2     81.1
  Capital consumption adjustment............   -151.5   -163.9   -174.1   -182.1    -47.0    -53.2    -60.0    -67.2   -128.7
                                            ---------------------------------------------------------------------------------
                                                                   Billions of chained (2005) dollars
                                            ---------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business\1\..................  6,597.4  6,649.8  6,624.9  6,725.5  6,664.3  6,735.8  6,722.6  6,579.3  6,300.9

Consumption of fixed capital\2\.............    794.9    803.9    812.8    821.4    829.9    836.3    840.5    842.6    844.0
Net value added\3\..........................  5,802.5  5,845.9  5,812.2  5,904.1  5,834.4  5,899.5  5,882.1  5,736.7  5,456.9
                                            ---------------------------------------------------------------------------------
                                                                  Dollars; quarters seasonally adjusted
                                            ---------------------------------------------------------------------------------
Price, costs, and profits per unit of real
 gross value added of nonfinancial
 corporate business:

  Price per unit of real gross value added
   of nonfinancial corporate business\4\....    1.047    1.051    1.049    1.046    1.041    1.035    1.048    1.054    1.068

  Compensation of employees (unit labor
   cost)....................................     .654     .653     .659     .659     .665     .658     .661     .670     .676

  Unit nonlabor cost........................     .258     .263     .268     .268     .271     .272     .274     .282     .291
    Consumption of fixed capital............     .126     .127     .129     .129     .132     .132     .135     .139     .145
    Taxes on production and imports less
     subsidies plus business current
     transfer payments (net)................     .102     .102     .103     .102     .103     .103     .104     .105     .108
    Net interest and miscellaneous payments.     .030     .034     .036     .037     .036     .037     .035     .038     .038

  Corporate profits with inventory valuation
   and capital consumption adjustments (unit
   profits from current production).........     .135     .135     .122     .118     .105     .106     .114     .102     .100
    Taxes on corporate income...............     .047     .046     .043     .044     .038     .039     .038     .027     .031
    Profits after tax with inventory
     valuation and capital consumption
     adjustments............................     .087     .089     .079     .074     .066     .067     .076     .075     .068
-----------------------------------------------------------------------------------------------------------------------------
  1. The current-dollar gross value added is deflated using the
gross value added chain-type price index for nonfinancial industries
from the GDP-by-industry accounts.  For periods when this price index
is not available, the chain-type price index for GDP goods and
structures is used.
  2. Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2005 current-dollar value of the corresponding
series, divided by 100.
  3. Chained-dollar net value added of nonfinancial corporate
business is the difference between the gross value added and the
consumption of fixed capital.
  4. The deflator for gross value added of nonfinancial corporate
business divided by 100.
Note. Estimates in this table are based on the 2002 North
American Industry Classification System (NAICS).

          Appendix Table A. Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period--Continues
                                                       [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                        1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   I 04  II 04 III 04  IV 04   I 05  II 05
------------------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product (GDP) and
 related aggregates:
  GDP................................    4.4    4.8    4.1    1.1    1.8    2.5    3.6    3.1    2.7    2.1     .4    2.8    2.9    3.0    3.5    4.1    1.7

  Goods..............................    5.8    7.0    4.9   -1.6    1.7    3.4    5.1    4.4    5.2    3.7     .4    1.7    2.5    5.0    5.7    6.7     .3
  Services...........................    3.4    3.8    3.8    2.6    2.5    1.9    2.7    2.5    2.3    2.6    1.5    3.7    1.9    2.4    3.3    2.6    1.9
  Structures.........................    5.2    4.1    3.6     .7   -2.5    3.3    4.9    2.9   -1.6   -4.4   -5.9     .6   10.4     .8    -.9    5.5    4.7

  Motor vehicle output...............    8.2    9.6   -1.5   -4.4   11.5    1.1    4.0    4.0   -1.2   -1.3  -18.4    3.2   -6.0   20.0   -1.2    1.4    6.5
  GDP excluding motor vehicle
   output............................    4.2    4.6    4.4    1.3    1.5    2.5    3.6    3.0    2.8    2.2    1.0    2.8    3.2    2.4    3.7    4.1    1.6

  Final sales of computers\1\........   43.0   43.2   30.6   12.9    3.1   16.3    4.9   18.4   25.2   22.1   21.3  -22.4    -.9    5.7   29.9    7.7   33.3
  GDP excluding final sales of
   computers.........................    4.0    4.5    3.9    1.0    1.8    2.4    3.6    3.0    2.5    2.0     .3    3.1    2.9    3.0    3.4    4.0    1.5

  Farm gross value added\2\..........   -4.3    4.9   14.8   -7.0    4.4   12.8    7.0    4.2   -2.8   -7.6   12.9  123.2  -32.9   18.7   42.3  -16.8   14.9

  Nonfarm business gross value
   added\3\..........................    5.1    5.6    4.4     .9    1.9    3.0    4.1    3.4    3.1    2.3    -.1    2.6    3.9    2.9    3.5    4.8    1.6

Price indexes:
  GDP................................    1.1    1.5    2.2    2.3    1.6    2.2    2.8    3.3    3.3    2.9    2.1    3.5    3.5    3.0    3.0    3.8    2.7
  GDP excluding food and energy\4\...    1.2    1.6    2.2    2.0    1.8    2.1    2.8    3.5    3.3    2.8    2.3    3.5    3.5    3.1    3.2    4.2    3.0
  GDP excluding final sales of
   computers.........................    1.5    1.8    2.4    2.5    1.8    2.3    2.9    3.5    3.4    3.0    2.2    3.5    3.5    3.1    3.1    3.9    2.9

  Gross domestic purchases...........     .7    1.6    2.5    1.9    1.4    2.3    3.0    3.7    3.4    2.9    3.2    4.1    3.6    3.2    3.8    3.7    3.2
  Gross domestic purchases excluding
   food and energy\4\................    1.0    1.5    2.0    1.8    1.7    2.0    2.7    3.3    3.2    2.7    2.6    3.5    3.5    3.0    3.0    4.1    3.0
  Gross domestic purchases excluding
   final sales of computers to
   domestic purchasers...............    1.2    2.0    2.8    2.2    1.7    2.5    3.2    3.9    3.6    3.1    3.3    4.2    3.7    3.4    4.0    3.8    3.3

  Personal consumption expenditures
   (PCE).............................    1.0    1.6    2.5    1.9    1.4    2.0    2.6    3.0    2.7    2.7    3.3    3.4    3.0    2.5    3.3    2.4    2.5
  Personal consumption expenditures
   excluding food and energy\4\......    1.4    1.5    1.7    1.8    1.7    1.5    2.1    2.3    2.3    2.4    2.4    2.4    2.6    2.0    1.8    2.9    2.2
  Market-based PCE\5\................     .6    1.4    2.4    1.9    1.1    2.0    2.4    2.8    2.8    2.5    3.4    3.2    2.6    2.1    3.5    2.0    2.3
  Market-based PCE excluding food
   and energy\5\.....................    1.1    1.2    1.5    1.8    1.5    1.4    1.7    2.0    2.2    2.1    2.3    2.1    2.1    1.4    1.9    2.5    1.8
------------------------------------------------------------------------------------------------------------------------------------------------------------
  1. For some components of final sales of computers, includes
computer parts.
  2. Farm output less intermediate goods and services purchased.
  3. Consists of GDP less gross value added of farm, of
households and institutions, and of general government.
  4. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  5. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the final consumption expenditures
of nonprofit institutions.
  See "Explanatory Note" at the end of the tables.

            Appendix Table A. Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period
                                             [Quarters seasonally adjusted at annual rates]--Table Ends
-----------------------------------------------------------------------------------------------------------------------------------------------------
                                      III 05  IV 05   I 06  II 06 III 06  IV 06   I 07  II 07 III 07  IV 07   I 08  II 08 III 08  IV 08   I 09  II 09
-----------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product (GDP) and
 related aggregates:
  GDP................................    3.1    2.1    5.4    1.4     .1    3.0    1.2    3.2    3.6    2.1    -.7    1.5   -2.7   -5.4   -6.4   -1.0

  Goods..............................    4.4    5.1   11.8    1.8     .0    7.2    -.8    6.2    7.2    7.6   -1.8    1.5   -7.0  -16.4   -8.7   -4.1
  Services...........................    3.1     .8    3.4    2.0    2.0    3.6    2.7    2.1    3.1    1.8    1.5    1.5    -.4     .7    -.9    1.4
  Structures.........................    -.3    1.7     .9   -2.5   -9.8  -10.5   -2.2    2.3   -2.1   -9.4  -10.7    1.3   -5.5  -12.9  -34.0   -9.9

  Motor vehicle output...............   23.5  -27.0   14.4   -7.6    4.0  -10.2    -.8    6.2    3.5  -10.3  -21.6  -36.2   -6.6  -50.5  -64.5   14.6
  GDP excluding motor vehicle
   output............................    2.4    3.3    5.1    1.8     .0    3.4    1.3    3.1    3.6    2.5    -.1    2.6   -2.6   -4.1   -4.9   -1.2

  Final sales of computers\1\........   17.5   35.0   33.3   19.1   12.5   22.4    3.1   28.4   60.9   33.7    9.8   29.1   -3.6    2.9   11.2   -6.5
  GDP excluding final sales of
   computers.........................    3.0    1.9    5.2    1.3     .0    2.8    1.2    3.1    3.3    2.0    -.8    1.3   -2.7   -5.4   -6.5   -1.0

  Farm gross value added\2\..........    5.7  -11.3  -26.6   71.6  -26.2  -13.2   -6.4  -14.5  -15.0   34.6   40.7  -15.8   24.4   27.9   -3.3  -10.1

  Nonfarm business gross value
   added\3\..........................    3.7    2.4    6.8    1.0    -.1    4.2     .9    3.7    3.9    1.8   -1.7    1.3   -4.0   -7.6   -8.8   -1.7

Price indexes:
  GDP................................    4.2    3.4    3.0    3.6    3.1    1.8    4.2    2.7    1.6    2.3    1.9    1.8    4.0     .1    1.9     .2
  GDP excluding food and energy\4\...    3.4    4.0    3.2    3.6    2.5    2.4    3.8    2.2    1.9    3.2    2.4    2.2    2.9    -.8     .5    1.1
  GDP excluding final sales of
   computers.........................    4.3    3.5    3.1    3.8    3.2    1.9    4.3    2.8    1.8    2.5    2.0    2.0    4.1     .2    1.9     .3

  Gross domestic purchases...........    5.0    4.1    2.8    3.6    2.9    1.0    4.2    3.1    2.2    4.6    3.4    3.9    4.3   -3.8   -1.4     .7
  Gross domestic purchases excluding
   food and energy\4\................    3.1    3.6    3.1    3.5    2.5    2.4    3.6    2.2    2.1    3.3    2.7    3.0    2.9    -.6     .2    1.1
  Gross domestic purchases excluding
   final sales of computers to
   domestic purchasers...............    5.2    4.3    3.0    3.8    3.0    1.1    4.3    3.2    2.3    4.7    3.5    4.0    4.4   -3.8   -1.4     .9

  Personal consumption expenditures
   (PCE).............................    4.6    3.6    1.7    3.0    3.0    -.1    3.7    3.2    2.3    5.1    3.7    3.9    4.7   -5.0   -1.5    1.3
  Personal consumption expenditures
   excluding food and energy\4\......    1.6    2.7    2.0    2.9    2.3    2.1    2.8    1.8    2.3    3.1    2.4    2.4    2.6     .8    1.1    2.0
  Market-based PCE\5\................    4.8    3.6    1.8    3.0    3.1    -.7    3.6    3.3    1.8    5.2    4.0    4.0    5.1   -5.3   -1.2    1.5
  Market-based PCE excluding food
   and energy\5\.....................    1.4    2.5    2.1    2.9    2.3    1.6    2.5    1.6    1.6    2.8    2.6    2.3    2.7    1.5    1.9    2.3
-----------------------------------------------------------------------------------------------------------------------------------------------------
  1. For some components of final sales of computers, includes
computer parts.
  2. Farm output less intermediate goods and services purchased.
  3. Consists of GDP less gross value added of farm, of
households and institutions, and of general government.
  4. Food excludes personal consumption expenditures for purchased
meals and beverages, which are classified in food services.
  5. This index is a supplemental measure that is based on household
expenditures for which there are observable price measures.  It
excludes most implicit prices (for example, financial services
furnished without payment) and the final consumption expenditures
of nonprofit institutions.
  See "Explanatory Note" at the end of the tables.


                            Explanatory Note: NIPA Measures of Quantities and Prices

       Current-dollar GDP is a measure of the market value of goods, services, and structures produced in
the economy in a particular period.  Changes in current-dollar GDP can be decomposed into quantity and
price components.  Quantities, or “real” measures, and prices are expressed as index numbers with the
reference year -- at present, the year 2005 -- equal to 100.

       Annual changes in quantities and prices are calculated using a Fisher formula that incorporates
weights from two adjacent years.  (Quarterly changes in quantities and prices are calculated using a Fisher
formula that incorporates weights from two adjacent quarters; quarterly indexes are adjusted for
consistency to the annual indexes before percent changes are calculated.)  For example, the 2007-08
annual percent change in real GDP uses prices for 2007 and 2008 as weights, and the 2007-08 annual
percent change in GDP prices uses quantities for 2007 and 2008 as weights.  These annual changes are
“chained” (multiplied) together to form time series of quantity and price indexes.  Percent changes in
Fisher indexes are not affected by the choice of reference year.  (BEA also publishes a measure of the price
level known as the implicit price deflator (IPD), which is calculated as the ratio of the current-dollar value
to the corresponding chained-dollar value, multiplied by 100.  The values of the IPD are very close to the
values of the corresponding "chain-type" price index.)

       Index numbers of quantity and price indexes for GDP and its major components are presented in
this release in tables 5 and 6.  Percent changes from the preceding period are presented in tables 1, 4, 7, 8,
and appendix table A.  Contributions by major components to the percent change in real GDP are
presented in table 2.

       Measures of real GDP and its major components are also presented in dollar-denominated form,
designated "chained (2005) dollar estimates."  For most series, these estimates, which are presented in
table 3, are computed by multiplying the current-dollar value in 2005 by a corresponding quantity index
number and then dividing by 100.  For example, if a current-dollar GDP component equaled $100 in 2005
and if real output for this component increased 10 percent in 2006, then the chained (2005) dollar value of
this component in 2006 would be $110 (= $100 x 110 / 100).  Percent changes calculated from
chained-dollar estimates and from chain-type quantity indexes are the same; any differences will be small
and due to rounding.

     Chained-dollar values for the detailed GDP components will not necessarily sum to the chained-dollar
estimate of GDP (or to any intermediate aggregate).  This is because the relative prices used as weights for
any period other than the reference year differ from those of the reference year.  A measure of the extent of
such differences is provided by a “residual” line, which indicates the difference between GDP (or other
major aggregate) and the sum of the most detailed components in the table.  For periods close to the
reference year, when there usually has not been much change in the relative prices that are used as weights,
the residuals tend to be small, and the chained-dollar estimates can be used to approximate the
contributions to growth and to aggregate the detailed estimates.  For periods further from the reference
year, the residuals tend to be larger, and the chained-dollar estimates are less useful for analyses of
contributions to growth.  Thus, the contributions to percent change shown in table 2 provide a better
measure of the composition of GDP growth.  In particular, for components for which relative prices are
changing rapidly, calculation of contributions using chained-dollar estimates may be misleading even just a
few years from the reference year.



Reference: “Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” November 2003
Survey, pp. 8-16.