Real GDP
                            PERCENT CHANGE IN REAL GDP

               GDP       GDP                   Percent Change
          (billion  (billion                   -----------------------------------
           current   chained  Percent  Annual-   Last 4   Last 5   Last 8  Last 12
Year Qtr  dollars)   2000 $)   Change     ized Quarters Quarters Quarters Quarters
---- --- --------- --------- -------- -------- -------- -------- -------- --------
1947   1    237.22   1570.52
1947   2    240.46   1568.65    -0.12    -0.47
1947   3    244.55   1567.97    -0.04    -0.18
1947   4    254.38   1590.94     1.47     5.99
1948   1    260.36   1616.07     1.58     6.47     2.90
1948   2    267.32   1644.64     1.77     7.26     4.84     4.72
1948   3    273.85   1654.06     0.57     2.31     5.49     5.44
1948   4    275.18   1657.99     0.24     0.95     4.21     5.74
1949   1    269.99   1633.25    -1.49    -5.84     1.06     2.66     3.99
1949   2    266.25   1628.44    -0.29    -1.17    -0.98     0.77     3.81
1949   3    267.69   1646.70     1.12     4.56    -0.45     0.13     5.02
1949   4    265.22   1629.91    -1.02    -4.02    -1.69    -1.46     2.45
1950   1    275.25   1696.77     4.10    17.44     3.89     2.34     4.99     8.04
1950   2    284.57   1747.32     2.98    12.46     7.30     6.98     6.24    11.39
1950   3    301.97   1815.85     3.92    16.63    10.27    11.51     9.78    15.81
1950   4    313.39   1848.93     1.82     7.49    13.44    12.28    11.52    16.22
1951   1    329.01   1871.31     1.21     4.93    10.29    14.81    14.58    15.79
1951   2    336.67   1903.12     1.70     6.97     8.92    12.16    16.87    15.72
1951   3    343.57   1941.11     2.00     8.23     6.90    11.09    17.88    17.35
1951   4    347.98   1944.45     0.17     0.69     5.17     7.08    19.30    17.28
1952   1    351.25   1964.67     1.04     4.23     4.99     6.26    15.79    20.29
1952   2    352.17   1966.04     0.07     0.28     3.31     5.06    12.52    20.73
1952   3    358.54   1978.81     0.65     2.62     1.94     3.98     8.97    20.17
1952   4    371.40   2043.80     3.28    13.80     5.11     5.29    10.54    25.39
1953   1    378.40   2082.28     1.88     7.75     5.99     7.09    11.27    22.72
1953   2    381.99   2098.08     0.76     3.07     6.72     6.79    10.24    20.07
1953   3    381.14   2085.42    -0.60    -2.39     5.39     6.07     7.43    14.85
1953   4    375.94   2052.53    -1.58    -6.16     0.43     3.73     5.56    11.01
1954   1    375.29   2042.42    -0.49    -1.96    -1.91    -0.07     3.96     9.14
1954   2    375.99   2044.29     0.09     0.37    -2.56    -1.82     3.98     7.42
1954   3    380.82   2066.87     1.10     4.49    -0.89    -1.49     4.45     6.48
1954   4    389.45   2107.80     1.98     8.16     2.69     1.07     3.13     8.40
1955   1    402.61   2168.47     2.88    12.02     6.17     5.65     4.14    10.37
1955   2    410.91   2204.01     1.64     6.72     7.81     7.91     5.05    12.10
1955   3    419.49   2233.36     1.33     5.43     8.06     9.25     7.09    12.86
1955   4    426.02   2245.34     0.54     2.16     6.53     8.63     9.39     9.86
1956   1    428.30   2234.83    -0.47    -1.86     3.06     6.03     9.42     7.33
1956   2    434.19   2252.50     0.79     3.20     2.20     3.88    10.19     7.36
1956   3    439.25   2249.76    -0.12    -0.49     0.73     2.08     8.85     7.88
1956   4    448.12   2286.47     1.63     6.69     1.83     2.38     8.48    11.40
1957   1    457.21   2300.31     0.61     2.44     2.93     2.45     6.08    12.63
1957   2    459.19   2294.62    -0.25    -0.99     1.87     2.68     4.11    12.25
1957   3    466.43   2317.00     0.98     3.96     2.99     2.86     3.75    12.10
1957   4    461.54   2292.46    -1.06    -4.17     0.26     1.90     2.10     8.76
1958   1    453.96   2230.22    -2.71   -10.43    -3.05    -2.46    -0.21     2.85
1958   2    458.07   2243.37     0.59     2.38    -2.23    -2.48    -0.41     1.79
1958   3    471.74   2295.21     2.31     9.57    -0.94     0.03     2.02     2.77
1958   4    485.02   2348.02     2.30     9.53     2.42     1.34     2.69     4.57
1959   1    495.42   2392.89     1.91     7.86     7.29     4.38     4.02     7.07
1959   2    508.44   2455.81     2.63    10.94     9.47    10.12     7.02     9.03
1959   3    509.27   2453.95    -0.08    -0.30     6.92     9.39     5.91     9.08
1959   4    513.21   2462.59     0.35     1.42     4.88     7.29     7.42     7.70
1960   1    526.92   2517.37     2.22     9.20     5.20     7.21    12.88     9.44
1960   2    526.12   2504.80    -0.50    -1.98     1.99     4.68    11.65     9.16
1960   3    528.93   2508.73     0.16     0.63     2.23     2.15     9.30     8.27
1960   4    523.61   2476.23    -1.30    -5.08     0.55     0.91     5.46     8.02
1961   1    527.92   2491.15     0.60     2.43    -1.04     1.16     4.11    11.70
1961   2    538.99   2537.98     1.88     7.73     1.32     0.82     3.35    13.13
1961   3    549.42   2579.11     1.62     6.64     2.81     2.97     5.10    12.37
1961   4    562.55   2631.83     2.04     8.43     6.28     4.91     6.87    12.09
1962   1    576.03   2679.15     1.80     7.39     7.55     8.19     6.43    11.96
1962   2    583.21   2708.40     1.09     4.44     6.71     8.72     8.13    10.29
1962   3    589.99   2733.34     0.92     3.73     5.98     7.70     8.95    11.39
1962   4    593.30   2740.01     0.24     0.98     4.11     6.24    10.65    11.27
1963   1    602.43   2775.94     1.31     5.35     3.61     5.48    11.43    10.27
1963   2    611.15   2810.60     1.25     5.09     3.77     4.91    10.74    12.21
1963   3    623.91   2863.51     1.88     7.75     4.76     5.73    11.03    14.14
1963   4    633.45   2885.80     0.78     3.15     5.32     5.58     9.65    16.54
1964   1    649.59   2950.49     2.24     9.27     6.29     7.68    10.13    18.44
1964   2    658.84   2984.75     1.16     4.73     6.20     7.52    10.20    17.60
1964   3    670.45   3025.49     1.36     5.57     5.66     7.65    10.69    17.31
1964   4    675.60   3033.64     0.27     1.08     5.12     5.94    10.72    15.27
1965   1    695.69   3108.15     2.46    10.19     5.34     7.71    11.97    16.01
1965   2    708.15   3150.17     1.35     5.52     5.54     6.77    12.08    16.31
1965   3    725.18   3214.08     2.03     8.37     6.23     7.68    12.24    17.59
1965   4    747.47   3291.83     2.42    10.03     8.51     8.80    14.07    20.14
1966   1    770.76   3372.33     2.45    10.15     8.50    11.16    14.30    21.48
1966   2    779.93   3384.01     0.35     1.39     7.42     8.88    13.38    20.40
1966   3    793.37   3406.29     0.66     2.66     5.98     8.13    12.59    18.96
1966   4    807.10   3433.68     0.80     3.26     4.31     6.83    13.19    18.99
1967   1    817.94   3464.11     0.89     3.59     2.72     5.23    11.45    17.41
1967   2    822.47   3464.31     0.01     0.02     2.37     2.73     9.97    16.07
1967   3    837.15   3491.80     0.79     3.21     2.51     3.19     8.64    15.41
1967   4    852.83   3518.21     0.76     3.06     2.46     3.29     6.88    15.97
1968   1    879.93   3590.66     2.06     8.50     3.65     4.57     6.47    15.52
1968   2    904.24   3651.62     1.70     6.97     5.41     5.41     7.91    15.92
1968   3    919.42   3676.46     0.68     2.75     5.29     6.12     7.93    14.39
1968   4    936.35   3691.97     0.42     1.70     4.94     5.73     7.52    12.16
1969   1    961.01   3750.18     1.58     6.46     4.44     6.59     8.26    11.20
1969   2    976.27   3760.88     0.29     1.15     2.99     4.74     8.56    11.14
1969   3    996.47   3784.25     0.62     2.51     2.93     3.63     8.38    11.10
1969   4   1004.64   3766.28    -0.47    -1.89     2.01     2.44     7.05     9.69
1970   1   1017.32   3760.00    -0.17    -0.67     0.26     1.84     4.72     8.54
1970   2   1033.25   3767.07     0.19     0.75     0.16     0.45     3.16     8.74
1970   3   1050.72   3800.54     0.89     3.60     0.43     1.05     3.38     8.84
1970   4   1052.91   3759.80    -1.07    -4.22    -0.17    -0.65     1.84     6.87
1971   1   1098.34   3864.06     2.77    11.56     2.77     2.60     3.04     7.61
1971   2   1119.07   3885.85     0.56     2.28     3.15     3.35     3.32     6.41
1971   3   1139.33   3916.68     0.79     3.21     3.06     3.97     3.50     6.53
1971   4   1151.72   3927.87     0.29     1.15     4.47     3.35     4.29     6.39
1972   1   1190.55   3997.67     1.78     7.30     3.46     6.33     6.32     6.60
1972   2   1225.94   4092.11     2.36     9.79     5.31     5.90     8.63     8.81
1972   3   1249.67   4131.08     0.95     3.86     5.47     6.31     8.70     9.17
1972   4   1287.01   4198.72     1.64     6.71     6.90     7.20    11.67    11.48
1973   1   1335.53   4305.33     2.54    10.55     7.70     9.61    11.42    14.50
1973   2   1371.87   4355.10     1.16     4.71     6.43     8.94    12.08    15.61
1973   3   1391.16   4331.93    -0.53    -2.11     4.86     5.86    10.60    13.98
1973   4   1432.25   4373.26     0.95     3.87     4.16     5.86    11.34    16.32
1974   1   1446.97   4335.37    -0.87    -3.42     0.70     3.25     8.45    12.20
1974   2   1485.33   4347.94     0.29     1.16    -0.16     0.99     6.25    11.89
1974   3   1514.19   4305.82    -0.97    -3.82    -0.60    -1.13     4.23     9.94
1974   4   1553.36   4288.94    -0.39    -1.56    -1.93    -0.99     2.15     9.19
1975   1   1570.01   4237.59    -1.20    -4.70    -2.26    -3.10    -1.57     6.00
1975   2   1605.60   4268.61     0.73     2.96    -1.82    -1.54    -1.99     4.31
1975   3   1663.12   4340.87     1.69     6.94     0.81    -0.16     0.21     5.08
1975   4   1714.56   4397.81     1.31     5.35     2.54     2.14     0.56     4.74
1976   1   1772.55   4496.76     2.25     9.31     6.12     4.85     3.72     4.45
1976   2   1804.88   4530.34     0.75     3.02     6.13     6.91     4.20     4.02
1976   3   1838.35   4552.03     0.48     1.93     4.86     6.64     5.72     5.08
1976   4   1885.27   4584.62     0.72     2.89     4.25     5.62     6.89     4.83
1977   1   1939.33   4639.99     1.21     4.92     3.19     5.51     9.50     7.03
1977   2   2006.04   4731.09     1.96     8.09     4.43     5.21    10.83     8.81
1977   3   2066.78   4815.81     1.79     7.36     5.79     6.30    10.94    11.84
1977   4   2111.59   4815.32    -0.01    -0.04     5.03     5.78     9.49    12.27
1978   1   2149.97   4830.83     0.32     1.29     4.11     5.37     7.43    14.00
1978   2   2275.63   5021.18     3.94    16.72     6.13     8.22    10.83    17.63
1978   3   2336.15   5070.66     0.99     4.00     5.29     7.18    11.39    16.81
1978   4   2417.00   5137.42     1.32     5.37     6.69     6.68    12.06    16.82
1979   1   2464.40   5147.43     0.19     0.78     6.55     6.90    10.94    14.47
1979   2   2527.62   5152.34     0.10     0.38     2.61     6.66     8.90    13.73
1979   3   2600.70   5189.45     0.72     2.91     2.34     3.35     7.76    14.00
1979   4   2660.49   5204.66     0.29     1.18     1.31     2.64     8.09    13.52
1980   1   2725.26   5221.25     0.32     1.28     1.43     1.63     8.08    12.53
1980   2   2729.27   5115.92    -2.02    -7.83    -0.71    -0.61     1.89     8.13
1980   3   2786.61   5107.38    -0.17    -0.67    -1.58    -0.87     0.72     6.05
1980   4   2916.87   5202.11     1.85     7.63    -0.05     0.24     1.26     8.03
1981   1   3052.74   5307.54     2.03     8.36     1.65     1.98     3.11     9.87
1981   2   3085.86   5266.12    -0.78    -3.09     2.94     0.86     2.21     4.88
1981   3   3178.75   5329.83     1.21     4.93     4.36     4.18     2.71     5.11
1981   4   3196.39   5263.37    -1.25    -4.90     1.18     3.05     1.13     2.45
1982   1   3186.76   5177.08    -1.64    -6.40    -2.46    -0.48    -0.85     0.58
1982   2   3242.75   5204.86     0.54     2.16    -1.16    -1.93     1.74     1.02
1982   3   3276.15   5185.23    -0.38    -1.50    -2.71    -1.54     1.52    -0.08
1982   4   3314.38   5189.84     0.09     0.36    -1.40    -2.63    -0.24    -0.28
1983   1   3382.86   5253.85     1.23     5.03     1.48    -0.18    -1.01     0.62
1983   2   3484.15   5372.34     2.26     9.33     3.22     3.77     2.02     5.01
1983   3   3589.26   5478.36     1.97     8.13     5.65     5.25     2.79     7.26
1983   4   3690.39   5590.47     2.05     8.44     7.72     7.82     6.21     7.47
1984   1   3809.58   5699.83     1.96     8.06     8.49     9.83    10.10     7.39
1984   2   3908.60   5797.90     1.72     7.06     7.92    10.36    11.39    10.10
1984   3   3978.16   5854.25     0.97     3.94     6.86     8.97    12.90     9.84
1984   4   4036.33   5902.35     0.82     3.33     5.58     7.74    13.73    12.14
1985   1   4119.54   5956.94     0.92     3.75     4.51     6.56    13.38    15.06
1985   2   4178.41   6007.79     0.85     3.46     3.62     5.40    11.83    15.43
1985   3   4261.32   6101.74     1.56     6.40     4.23     5.24    11.38    17.68
1985   4   4321.78   6148.56     0.77     3.11     4.17     5.03     9.98    18.47
1986   1   4385.63   6207.37     0.96     3.88     4.20     5.17     8.90    18.15
1986   2   4425.67   6232.01     0.40     1.60     3.73     4.62     7.49    16.00
1986   3   4493.90   6291.70     0.96     3.89     3.11     4.73     7.47    14.85
1986   4   4546.10   6323.40     0.50     2.03     2.84     3.63     7.13    13.11
1987   1   4613.82   6365.03     0.66     2.66     2.54     3.52     6.85    11.67
1987   2   4689.98   6435.02     1.10     4.47     3.26     3.67     7.11    10.99
1987   3   4767.81   6493.43     0.91     3.68     3.21     4.19     6.42    10.92
1987   4   4886.27   6606.82     1.75     7.17     4.48     5.01     7.45    11.94
1988   1   4951.95   6639.12     0.49     1.97     4.31     4.99     6.96    11.45
1988   2   5062.83   6723.54     1.27     5.18     4.48     5.63     7.89    11.91
1988   3   5146.65   6759.38     0.53     2.15     4.10     5.04     7.43    10.78
1988   4   5253.73   6848.61     1.32     5.39     3.66     5.47     8.31    11.39
1989   1   5367.08   6918.12     1.01     4.12     4.20     4.71     8.69    11.45
1989   2   5454.10   6963.47     0.66     2.65     3.57     4.89     8.21    11.74
1989   3   5531.90   7013.14     0.71     2.88     3.75     4.31     8.00    11.47
1989   4   5584.33   7030.91     0.25     1.02     2.66     4.02     6.42    11.19
1990   1   5716.37   7112.10     1.15     4.70     2.80     3.85     7.12    11.74
1990   2   5797.69   7130.26     0.26     1.03     2.40     3.07     6.05    10.80
1990   3   5849.44   7130.75     0.01     0.03     1.68     2.40     5.49     9.81
1990   4   5848.76   7076.86    -0.76    -2.99     0.65     0.91     3.33     7.11
1991   1   5887.96   7040.83    -0.51    -2.02    -1.00     0.14     1.77     6.05
1991   2   5964.34   7086.48     0.65     2.62    -0.61    -0.36     1.77     5.40
1991   3   6035.65   7120.74     0.48     1.95    -0.14    -0.13     1.53     5.35
1991   4   6095.76   7154.12     0.47     1.89     1.09     0.33     1.75     4.46
1992   1   6196.11   7228.23     1.04     4.21     2.66     2.14     1.63     4.48
1992   2   6290.10   7297.94     0.96     3.91     2.98     3.65     2.35     4.80
1992   3   6380.50   7369.50     0.98     3.98     3.49     3.99     3.35     5.08
1992   4   6484.26   7450.69     1.10     4.48     4.15     4.63     5.28     5.97
1993   1   6542.72   7459.72     0.12     0.49     3.20     4.27     5.95     4.89
1993   2   6612.07   7497.51     0.51     2.04     2.73     3.73     5.80     5.15
1993   3   6674.63   7536.00     0.51     2.07     2.26     3.26     5.83     5.68
1993   4   6800.21   7637.41     1.35     5.49     2.51     3.64     6.76     7.92
1994   1   6911.00   7715.06     1.02     4.13     3.42     3.55     6.74     9.58
1994   2   7030.55   7815.68     1.30     5.32     4.24     4.77     7.09    10.29
1994   3   7115.14   7859.47     0.56     2.26     4.29     4.83     6.65    10.37
1994   4   7232.21   7951.65     1.17     4.77     4.11     5.52     6.72    11.15
1995   1   7298.33   7973.74     0.28     1.12     3.35     4.40     6.89    10.31
1995   2   7337.69   7987.97     0.18     0.72     2.20     3.54     6.54     9.46
1995   3   7432.08   8053.06     0.81     3.30     2.46     3.04     6.86     9.28
1995   4   7522.49   8111.96     0.73     2.96     2.02     3.21     6.21     8.88
1996   1   7624.14   8169.19     0.71     2.85     2.45     2.74     5.89     9.51
1996   2   7776.63   8303.09     1.64     6.72     3.94     4.13     6.24    10.74
1996   3   7866.23   8372.70     0.84     3.40     3.97     4.82     6.53    11.10
1996   4   8000.45   8470.57     1.17     4.76     4.42     5.18     6.53    10.91
1997   1   8113.84   8536.05     0.77     3.13     4.49     5.23     7.05    10.64
1997   2   8250.42   8665.83     1.52     6.22     4.37     6.08     8.49    10.88
1997   3   8381.86   8773.72     1.24     5.07     4.79     5.67     8.95    11.63
1997   4   8471.25   8838.41     0.74     2.98     4.34     5.56     8.96    11.15
1998   1   8586.71   8936.19     1.11     4.50     4.69     5.50     9.39    12.07
1998   2   8657.92   8995.29     0.66     2.67     3.80     5.38     8.34    12.61
1998   3   8789.52   9098.86     1.15     4.69     3.71     5.00     8.67    12.99
1998   4   8953.83   9237.08     1.52     6.22     4.51     5.28     9.05    13.87
1999   1   9066.58   9315.52     0.85     3.44     4.24     5.40     9.13    14.03
1999   2   9174.11   9392.58     0.83     3.35     4.42     5.11     8.39    13.12
1999   3   9313.47   9502.24     1.17     4.75     4.43     5.64     8.30    13.49
1999   4   9519.49   9671.09     1.78     7.30     4.70     6.29     9.42    14.17
2000   1   9629.41   9695.63     0.25     1.02     4.08     4.96     8.50    13.58
2000   2   9822.81   9847.89     1.57     6.43     4.85     5.71     9.48    13.64
2000   3   9862.07   9836.60    -0.11    -0.46     3.52     4.73     8.11    12.11
2000   4   9953.59   9887.75     0.52     2.10     2.24     4.06     7.04    11.87
2001   1  10024.78   9882.15    -0.12    -0.49     1.86     2.11     6.01    10.51
2001   2  10088.19   9866.35     0.31     1.23     0.59     2.17     5.47    10.12
2001   3  10096.23   9834.64    -0.35    -1.40     0.35     0.24     3.88     8.49
2001   4  10193.88   9883.63     0.39     1.59     0.23     0.75     2.47     7.29
2002   1  10329.29   9997.90     0.84     3.41     1.19     1.07     3.07     7.28
2002   2  10428.26  10045.12     0.59     2.39     1.48     1.79     2.08     7.03
2002   3  10542.00  10128.36     0.64     2.60     2.49     2.13     2.85     6.47
2002   4  10623.72  10160.76     0.18     0.74     2.28     2.68     2.51     4.81
2003   1  10735.82  10210.43     0.48     1.93     1.91     2.77     3.13     5.04
2003   2  10846.66  10288.28     1.01     4.11     2.34     2.94     3.85     4.46
2003   3  11107.00  10493.10     1.80     7.41     3.51     4.18     6.10     6.47
2003   4  11262.00  10600.10     1.03     4.18     4.39     4.58     6.77     7.01
2004*  1  11472.62  10697.45     1.10     4.49     5.04     5.54     7.04     8.32
2004   2  11643.10  10771.40     0.69     2.79     4.70     5.76     7.15     8.74

2004^  1  11459.60  10716.00     1.09     4.45     4.95     5.46     7.18     8.44
2004#  1  11451.20  10702.10     0.96     3.90     4.82     5.33     7.04     8.30
2004*  1  11472.62  10697.45     1.10     4.49     5.04     5.54     7.04     8.32
---- --- --------- --------- -------- -------- -------- -------- -------- --------
^ pre-revised values
# revised June 25, 2004
* most recent revision

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