Financial Accounts of the United States - Z.1
F.2 Distribution of gross domestic product1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross domestic product (GDP) | FA086902005 | 27811.5 | 29298.0 | 30767.1 | 29511.7 | 29825.2 | 30042.1 | 30485.7 | 31098.0 | 31442.5 |
| Line 2 | Personal consumption expenditures2 | FA156901001 | 18833.2 | 19896.0 | 20956.0 | 20032.8 | 20351.3 | 20555.0 | 20789.9 | 21111.2 | 21368.1 |
| Line 3 | Durable goods | FA155011001 | 2141.0 | 2178.1 | 2265.2 | 2183.9 | 2250.2 | 2235.8 | 2265.7 | 2277.3 | 2281.8 |
| Line 4 | Nondurable goods | FA156901035 | 3974.6 | 4083.4 | 4243.0 | 4107.6 | 4143.7 | 4196.5 | 4205.4 | 4268.3 | 4302.0 |
| Line 5 | Services | FA156901041 | 12717.5 | 13634.5 | 14447.8 | 13741.3 | 13957.4 | 14122.7 | 14318.8 | 14565.5 | 14784.3 |
| Line 6 | Gross private domestic investment | FA835019905 | 5023.7 | 5259.3 | 5462.7 | 5330.2 | 5261.8 | 5556.2 | 5358.6 | 5419.0 | 5517.0 |
| Line 7 | Fixed investment3 | FA835019005 | 4970.0 | 5205.8 | 5444.8 | 5247.0 | 5244.0 | 5344.0 | 5404.4 | 5478.7 | 5552.2 |
| Line 8 | Nonresidential | FA835013001 | 3856.0 | 4022.9 | 4251.1 | 4069.2 | 4046.4 | 4137.8 | 4207.5 | 4293.5 | 4365.5 |
| Line 9 | Nonprofit organizations4 | FA165013005 | 290.8 | 306.0 | 326.1 | 304.4 | 312.8 | 321.2 | 325.9 | 328.0 | 329.3 |
| Line 10 | Nonfinancial corporate business | FA105013005 | 2794.2 | 2898.3 | 3056.1 | 2929.5 | 2912.2 | 2974.7 | 3024.8 | 3086.1 | 3138.6 |
| Line 11 | Nonfinancial noncorporate business | FA115013005 | 411.7 | 424.6 | 425.8 | 434.0 | 416.0 | 418.6 | 421.2 | 427.7 | 435.9 |
| Line 12 | Financial institutions | FA795013005 | 359.3 | 394.0 | 443.1 | 401.3 | 405.4 | 423.4 | 435.6 | 451.7 | 461.7 |
| Line 13 | Residential | FA835012001 | 1114.0 | 1182.8 | 1193.8 | 1177.8 | 1197.7 | 1206.2 | 1196.9 | 1185.2 | 1186.7 |
| Line 14 | Household sector | FA155012005 | 905.0 | 971.3 | 985.9 | 966.6 | 985.2 | 989.1 | 982.7 | 982.5 | 989.3 |
| Line 15 | Nonfinancial corporate business | FA105012005 | 16.0 | 16.0 | 17.1 | 17.9 | 17.1 | 17.1 | 17.1 | 17.1 | 17.1 |
| Line 16 | Nonfinancial noncorporate business | FA115012005 | 193.0 | 195.6 | 190.7 | 193.3 | 195.3 | 200.0 | 197.1 | 185.6 | 180.2 |
| Line 17 | Change in private inventories | FA145020005 | 53.7 | 53.5 | 17.9 | 83.3 | 17.8 | 212.2 | -45.8 | -59.7 | -35.3 |
| Line 18 | Nonfinancial corporate business | FA105020005 | 43.9 | 45.0 | 9.3 | 68.9 | 11.4 | 177.0 | -44.6 | -56.6 | -38.8 |
| Line 19 | Nonfinancial noncorporate business | FA115020005 | 9.8 | 8.6 | 8.6 | 14.4 | 6.4 | 35.2 | -1.2 | -3.0 | 3.5 |
| Line 20 | Net U.S. exports of goods and services | FA266903005 | -786.5 | -898.5 | -926.2 | -938.3 | -938.7 | -1264.6 | -899.8 | -756.6 | -783.7 |
| Line 21 | Exports | FA266903011 | 3073.4 | 3215.4 | 3319.7 | 3256.5 | 3248.3 | 3293.7 | 3267.5 | 3366.9 | 3350.6 |
| Line 22 | - Imports | FA266903001 | 3859.9 | 4113.8 | 4245.8 | 4194.8 | 4186.9 | 4558.3 | 4167.3 | 4123.4 | 4134.3 |
| Line 23 | Govt. consumption expenditures and gross investment | FA366902005 | 4741.2 | 5041.1 | 5274.5 | 5086.9 | 5150.7 | 5195.5 | 5237.0 | 5324.4 | 5341.1 |
| Line 24 | Consumption expenditures5 | FA366901005 | 3765.9 | 3991.8 | 4165.2 | 4021.9 | 4071.4 | 4104.9 | 4132.0 | 4208.5 | 4215.6 |
| Line 25 | Federal | FA316901001 | 1339.7 | 1441.5 | 1496.0 | 1456.8 | 1485.8 | 1481.9 | 1487.6 | 1516.7 | 1497.9 |
| Line 26 | State and local | FA216901001 | 2426.2 | 2550.4 | 2669.2 | 2565.0 | 2585.6 | 2623.0 | 2644.3 | 2691.8 | 2717.7 |
| Line 27 | Gross investment5 | FA365019005 | 975.3 | 1049.3 | 1109.3 | 1065.0 | 1079.3 | 1090.6 | 1105.0 | 1115.9 | 1125.5 |
| Line 28 | Federal | FA315019001 | 426.0 | 450.9 | 470.9 | 461.0 | 464.2 | 467.9 | 468.8 | 473.1 | 474.1 |
| Line 29 | State and local | FA215019001 | 549.3 | 598.4 | 638.3 | 604.0 | 615.1 | 622.8 | 636.2 | 642.9 | 651.4 |
| Memo: | |||||||||||
| Line 30 | Net U.S. income receipts from rest of world | FA266904005 | 85.7 | -8.3 | -0.9 | -52.2 | 39.1 | 2.1 | -18.4 | 25.5 | -13.0 |
| Line 31 | U.S. income receipts | FA266904001 | 1397.9 | 1485.6 | 1543.0 | 1444.9 | 1546.5 | 1454.8 | 1525.8 | 1591.0 | 1600.3 |
| Line 32 | - U.S. income payments | FA266904101 | 1312.2 | 1493.9 | 1543.9 | 1497.1 | 1507.4 | 1452.7 | 1544.2 | 1565.5 | 1613.3 |
| Line 33 | Gross national product = GDP + net U.S. income receipts | FA086902105 | 27897.2 | 29289.7 | 30766.2 | 29459.5 | 29864.3 | 30044.2 | 30467.4 | 31123.6 | 31429.5 |
| Acquisition of nonproduced nonfinancial assets (net): | |||||||||||
| Line 34 | Household sector | FA155420003 | -16.1 | -17.1 | -18.3 | -17.3 | -17.6 | -17.8 | -18.1 | -18.5 | -18.9 |
| Line 35 | Nonfinancial corporate business | FA105420005 | -2.7 | -3.2 | -4.1 | -3.5 | -3.9 | -3.7 | -4.0 | -4.6 | -4.2 |
| Line 36 | Federal government | FA315420003 | -0.8 | -0.4 | -0.1 | -0.3 | 0.0 | -0.2 | -0.0 | -0.3 | -0.1 |
| Line 37 | State and local governments | FA215420003 | 19.6 | 20.9 | 22.5 | 21.1 | 21.5 | 21.9 | 22.3 | 22.7 | 23.2 |
| Line 38 | Rest of the world | FA265420005 | 0.1 | -0.1 | 0.1 | -0.1 | 0.0 | -0.2 | -0.1 | 0.7 | 0.0 |
Notes:
- This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
- Component of personal outlays, found on table F.101, line 4.
- Structures, equipment, and intellectual property products.
- Included in the households and nonprofit organizations sector (table F.101).
- Government inventory investment is included in consumption expenditures.
Last Update: 2026-03-19