| TABLE 2 | THE EXPENDITURES APPROACH TO GDP (2016) | ||||
| Category | Billions of $ | % of GDP | |||
| Personal Consumption Expenditures | 12,429.0 | 68.5 | |||
| Durable goods | 1,347.6 | 7.4 | |||
| Nondurable goods | 2,663.3 | 14.7 | |||
| Services | 8,418.1 | 46.4 | |||
| Gross Private Domestic Investment | 3,019.2 | 16.7 | |||
| Fixed nonresidential | 2,311.6 | 12.8 | |||
| Fixed residential | 631.8 | 3.5 | |||
| Change in inventories | 75.8 | 0.4 | |||
| Government Purchases of Goods and Services | 3,206.5 | 17.7 | |||
| Federal | 1,235.6 | 6.8 | |||
| State and local | 1,970.9 | 10.9 | |||
| Net Exports | –526.5 | –2.9 | |||
| Exports | 2,214.7 | 12.2 | |||
| Imports | 2,741.2 | 15.1 | |||
| Gross Domestic Product | 18,128.20 | 100.0 | |||
| Data from U.S. Department of Commerce, Bureau of Economic Analysis, www.bea.gov. | |||||
Data from U.S. Department of Commerce, Bureau of Economic Analysis, www.bea.gov.