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National Economic Trends

Output and Growth

Contribution of Components to Real GDP Growth

Percentage points compounded annual rates

Contribution of Components to Real GDP Growth

2015 2016
1st 2nd 3rd 4th 1st 2nd 3rd 4th
Final Sales 1.04 3.17 2.58 1.25 1.25 2.60 3.03 1.06
Consumption 1.63 1.94 1.81 1.53 1.11 2.88 2.03 2.40
Fixed Investment 0.61 0.70 0.92 -0.03 -0.15 -0.18 0.02 0.46
Nonresidential 0.18 0.21 0.49 -0.43 -0.44 0.12 0.18 0.11
Residential 0.43 0.49 0.43 0.40 0.29 -0.31 -0.16 0.35
Government 0.45 0.57 0.34 0.18 0.28 -0.30 0.14 0.03
Federal 0.13 0.01 0.06 0.25 -0.10 -0.02 0.16 -0.08
State and Local 0.32 0.56 0.27 -0.07 0.39 -0.28 -0.02 0.11
Net Exports -1.65 -0.08 -0.52 -0.45 0.01 0.18 0.85 -1.82
Exports -0.78 0.37 -0.36 -0.34 -0.09 0.21 1.16 -0.55
Imports -0.87 -0.44 -0.16 -0.11 0.09 -0.03 -0.31 -1.27
Changes in Inventory 1.01 -0.52 -0.57 -0.36 -0.41 -1.16 0.49 1.01
Residual 0.104 0.015 -0.002 0.029 0.022 -0.007 0.002 0.148
Real GDP Growth 2.05 2.61 1.99 0.87 0.83 1.42 3.51 2.08



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