Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income

Quarterly

	Line	Name	Q1 2025	Q4 2024	Q1 2024	Units
	line 1	Gross domestic product (GDP)	29,976.638 Billions of Dollars	29,723.864 Billions of Dollars	28,624.069 Billions of Dollars	Bil. of $
	line 2	Plus: Income receipts from the rest of the world	1,428.313 Billions of Dollars	1,516.244 Billions of Dollars	1,493.026 Billions of Dollars	Bil. of $
	line 3	Less: Income payments to the rest of the world	1,379.481 Billions of Dollars	1,438.615 Billions of Dollars	1,410.835 Billions of Dollars	Bil. of $
	line 4	Equals: Gross national product	30,025.470 Billions of Dollars	29,801.493 Billions of Dollars	28,706.261 Billions of Dollars	Bil. of $
	line 5	Less: Consumption of fixed capital	4,964.058 Billions of Dollars	4,916.043 Billions of Dollars	4,714.085 Billions of Dollars	Bil. of $
	line 6	Private	4,128.070 Billions of Dollars	4,091.208 Billions of Dollars	3,917.974 Billions of Dollars	Bil. of $
	line 7	Domestic business	3,227.210 Billions of Dollars	3,197.225 Billions of Dollars	3,051.863 Billions of Dollars	Bil. of $
	line 8	Capital consumption allowances	3,228.604 Billions of Dollars	3,295.814 Billions of Dollars	3,171.254 Billions of Dollars	Bil. of $
	line 9	Less: Capital consumption adjustment	1.395 Billions of Dollars	98.590 Billions of Dollars	119.391 Billions of Dollars	Bil. of $
	line 10	Households and institutions	900.860 Billions of Dollars	893.984 Billions of Dollars	866.111 Billions of Dollars	Bil. of $
	line 11	Government	835.988 Billions of Dollars	824.835 Billions of Dollars	796.110 Billions of Dollars	Bil. of $
	line 12	General government	721.847 Billions of Dollars	711.695 Billions of Dollars	685.152 Billions of Dollars	Bil. of $
	line 13	Government enterprises	114.141 Billions of Dollars	113.140 Billions of Dollars	110.958 Billions of Dollars	Bil. of $
	line 14	Equals: Net national product	25,061.412 Billions of Dollars	24,885.449 Billions of Dollars	23,992.176 Billions of Dollars	Bil. of $
	line 15	Less: Statistical discrepancy	126.375 Billions of Dollars	129.378 Billions of Dollars	124.857 Billions of Dollars	Bil. of $
	line 16	Equals: National income	24,935.037 Billions of Dollars	24,756.072 Billions of Dollars	23,867.319 Billions of Dollars	Bil. of $
		Less:
	line 17	Corporate profits with inventory valuation and capital consumption adjustments	3,888.864 Billions of Dollars	4,006.964 Billions of Dollars	3,684.751 Billions of Dollars	Bil. of $
	line 18	Taxes on production and imports less subsidies	1,933.332 Billions of Dollars	1,909.961 Billions of Dollars	1,841.104 Billions of Dollars	Bil. of $
	line 19	Contributions for government social insurance, domestic	1,955.417 Billions of Dollars	1,924.563 Billions of Dollars	1,882.852 Billions of Dollars	Bil. of $
	line 20	Net interest and miscellaneous payments on assets	214.648 Billions of Dollars	188.701 Billions of Dollars	228.284 Billions of Dollars	Bil. of $
	line 21	Business current transfer payments (net)	312.138 Billions of Dollars	308.186 Billions of Dollars	311.668 Billions of Dollars	Bil. of $
	line 22	Current surplus of government enterprises	-37.060 Billions of Dollars	-39.661 Billions of Dollars	-40.482 Billions of Dollars	Bil. of $
	line 23	Plus: Personal income receipts on assets	4,010.701 Billions of Dollars	3,958.303 Billions of Dollars	3,938.948 Billions of Dollars	Bil. of $
	line 24	Plus: Personal current transfer receipts	4,785.345 Billions of Dollars	4,626.617 Billions of Dollars	4,446.104 Billions of Dollars	Bil. of $
	line 25	Equals: Personal income	25,463.745 Billions of Dollars	25,042.276 Billions of Dollars	24,344.193 Billions of Dollars	Bil. of $
		Addenda:
	line 26	Gross domestic income (GDI)	29,850.263 Billions of Dollars	29,594.486 Billions of Dollars	28,499.212 Billions of Dollars	Bil. of $
	line 27	Average of GDP and GDI	29,913.451 Billions of Dollars	29,659.175 Billions of Dollars	28,561.640 Billions of Dollars	Bil. of $
	line 28	Gross national income	29,899.095 Billions of Dollars	29,672.115 Billions of Dollars	28,581.403 Billions of Dollars	Bil. of $
	line 29	Gross national factor income	27,690.685 Billions of Dollars	27,493.629 Billions of Dollars	26,469.113 Billions of Dollars	Bil. of $
	line 30	Net domestic product	25,012.580 Billions of Dollars	24,807.821 Billions of Dollars	23,909.985 Billions of Dollars	Bil. of $
	line 31	Net domestic income	24,886.205 Billions of Dollars	24,678.443 Billions of Dollars	23,785.127 Billions of Dollars	Bil. of $
	line 32	Net national factor income	22,726.627 Billions of Dollars	22,577.585 Billions of Dollars	21,755.029 Billions of Dollars	Bil. of $
	line 33	Net domestic purchases	26,280.141 Billions of Dollars	25,727.905 Billions of Dollars	24,751.553 Billions of Dollars	Bil. of $
	line 34	Statistical discrepancy as a percentage of GDP	0.4 Percentage of GDP	0.4 Percentage of GDP	0.4 Percentage of GDP	Percentage of GDP