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Contribution of Components to Real GDP Growth

Percentage points compounded annual rates

Contribution of Components to Real GDP Growth

2017 2018 2019
2nd 3rd 4th 1st 2nd 3rd 4th 1st
Final Sales 2.76 1.79 3.20 1.94 5.33 1.03 2.05 2.53
Consumption 1.95 1.52 2.64 0.36 2.57 2.37 1.66 0.82
Fixed Investment 0.72 0.44 1.04 1.34 1.10 0.21 0.54 0.27
Nonresidential 0.94 0.45 0.63 1.47 1.15 0.35 0.73 0.38
Residential -0.22 -0.02 0.41 -0.14 -0.05 -0.14 -0.18 -0.11
Government 0.01 -0.18 0.41 0.27 0.43 0.44 -0.07 0.41
Federal 0.16 -0.08 0.26 0.17 0.24 0.23 0.07 0.00
State and Local -0.15 -0.10 0.15 0.10 0.20 0.22 -0.14 0.41
Net Exports 0.08 0.01 -0.89 -0.02 1.22 -1.99 -0.08 1.03
Exports 0.44 0.42 0.79 0.43 1.12 -0.62 0.22 0.45
Imports -0.36 -0.41 -1.68 -0.45 0.10 -1.37 -0.30 0.58
Changes in Inventory 0.23 1.04 -0.91 0.27 -1.17 2.33 0.11 0.65
Residual 0.093 0.185 -0.183 -0.147 0.396 -0.116 0.009 -0.164
Real GDP Growth 2.99 2.82 2.29 2.22 4.16 3.36 2.17 3.17



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