Front Matter

Economic Report of the President

Table of Contents

CONTENTS

Overview

OVERVIEW

Chapters

Chapter 1: Macroeconomic Performance in 2002

Chapter 2: Corporate Goverance and Its Reform

Chapter 3: Policies for Dynamic Labor Markets

Chapter 4: Regulation in a Dynamic Economy

Chapter 5: Tax Policy for a Growing Economy

Chapter 6: A Pro-Growth Agenda for the Global Economy

Appendices

Appendix A: REPORT TO THE PRESIDENT ON THE ACTIVITIES OF THE COUNCIL OF ECONOMIC ADVISERS DURING 2002

Appendix B: STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION

Appendix B: Statistical Tables Relating to Income, Employment, and Production

National Income or Expenditure

Table B-1: Gross domestic product, 1959-2002

Table B-2: Real gross domestic product, 1959-2002

Table B-3: Quantity and price indexes for gross domestic product, and percent changes, 1959-2002

Table B-4: Percent changes in real gross domestic product, 1959-2002

Table B-5: Contributions to percent change in real gross domestic product, 1959-2002

Table B-6: Chain-type quantity indexes for gross domestic product, 1959-2002

Table B-7: Chain-type price indexes for gross domestic product, 1959-2002

Table B-8: Gross domestic product by major type of product, 1959-2002

Table B-9: Real gross domestic product by major type of product, 1959-2002

Table B-10: Gross domestic product by sector, 1959-2002

Table B-11: Real gross domestic product by sector, 1959-2002

Table B-12: Gross domestic product by industry, 1959-2001

Table B-13: Real gross domestic product by industry, 1987-2001

Table B-14: Gross product of nonfinancial corporate business, 1959-2002

Table B-15: Output, price, costs, and profits of nonfinancial corporate business, 1959-2002

Table B-16: Personal consumption expenditures, 1959-2002

Table B-17: Real personal consumption expenditures, 1987-2002

Table B-18: Private fixed investment by type, 1959-2002

Table B-19: Real private fixed investment by type, 1987-2002

Table B-20: Government consumption expenditures and gross investment by type, 1959-2002

Table B-21: Real government consumption expenditures and gross investment by type, 1987-2002

Table B-22: Private inventories and domestic final sales by industry, 1959-2002

Table B-23: Real private inventories and domestic final sales by industry, 1987-2002

Table B-24: Foreign transactions in the national income and product accounts, 1959-2002

Table B-25: Real exports and imports of goods and services and receipts and payments of income, 1987-2002

Table B-26: Relation of gross domestic product, gross national product, net national product, and national...

Table B-27: Relation of national income and personal income, 1959-2002

Table B-28: National income by type of income, 1959-2002

Table B-29: Sources of personal income, 1959-2002

Table B-30: Disposition of personal income, 1959-2002

Table B-31: Total and per capita disposable personal income and personal consumption expenditures, and per...

Table B-32: Gross saving and investment, 1959-2002

Table B-33: Median money income (in 2001 dollars) and poverty status of families and persons, by race...

Population, Employment, Wages, and Productivity

Table B-34: Population by age group, 1929-2002

Table B-35: Civilian population and labor force, 1929-2002

Table B-36: Civilian employment and unemployment by sex and age, 1955-2002

Table B-37: Civilian employment by demographic characteristic, 1955-2002

Table B-38: Unemployment by demographic characteristic, 1955-2002

Table B-39: Civilian labor force participation rate and employment/population ratio, 1955-2002

Table B-40: Civilian labor force participation rate by demographic characteristic, 1959-2002

Table B-41: Civilian employment/population ratio by demographic characteristic, 1959-2002

Table B-42: Civilian unemployment rate, 1955-2002

Table B-43: Civilian unemployment rate by demographic characteristic, 1959-2002

Table B-44: Unemployment by duration and reason, 1955-2002

Table B-45: Unemployment insurance programs, selected data, 1972-2002

Table B-46: Employees on nonagricultural payrolls, by major industry, 1955-2002

Table B-47: Hours and earnings in private nonagricultural industries, 1959-2002

Table B-48: Employment cost index, private industry, 1981-2002

Table B-49: Productivity and related data, business sector, 1959-2002

Table B-50: Changes in productivity and related data, business sector, 1959-2002

Production and Business Activity

Table B-51: Industrial production indexes, major industry divisions, 1955-2002

Table B-52: Industrial production indexes, market groupings, 1955-2002

Table B-53: Industrial production indexes, selected manufacturing industries, 1967-2002

Table B-54: Capacity utilization rates, 1955-2002

Table B-55: New construction activity, 1962-2002

Table B-56: New private housing units started, authorized, and completed, and houses sold, 1959-2002

Table B-57: Manufacturing and trade sales and inventories, 1965-2002

Table B-58: Manufacturers' shipments and inventories, 1960-2002

Table B-59: Manufacturers' new and unfilled orders, 1960-2002

Prices

Table B-60: Consumer price indexes for major expenditure classes, 1958-2002

Table B-61: Consumer price indexes for selected expenditure classes, 1958-2002

Table B-62: Consumer price indexes for commodities, services, and special groups, 1960-2002

Table B-63: Changes in special consumer price indexes, 1960-2002

Table B-64: Changes in consumer price indexes for commodities and services, 1929-2002

Table B-65: Producer price indexes by stage of processing, 1958-2002

Table B-66: Producer price indexes by stage of processing, special groups, 1974-2002

Table B-67: Producer price indexes for major commodity groups, 1958-2002

Table B-68: Changes in producer price indexes for finished goods, 1965-2002

Money Stock, Credit, and Finance

Table B-69: Money stock and debt measures, 1959-2002

Table B-70: Components of money stock measures, 1959-2002

Table B-71: Aggregate reserves of depository institutions and monetary base, 1959-2002

Table B-72: Bank credit at all commercial banks, 1959-2002

Table B-73: Bond yields and interest rates, 1929-2002

Table B-74: Credit market borrowing, 1993-2002

Table B-75: Mortgage debt outstanding by type of property and of financing, 1949-2002

Table B-76: Mortgage debt outstanding by holder, 1949-2002

Table B-77: Consumer credit outstanding, 1952-2002

Government Finance

Table B-78: Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1939-2004

Table B-79: Federal receipts, outlays, surplus or deficit, and debt, as percent of gross domestic product...

Table B-80: Federal receipts and outlays, by major category, and surplus or deficit, fiscal years 1940-2004

Table B-81: Federal receipts, outlays, surplus or deficit, and debt, fiscal years 1999-2004

Table B-82: Federal and State and local government current receipts and expenditures, national income and...

Table B-83: Federal and State and local government current receipts and expenditures, national income and...

Table B-84: Federal Government current receipts and expenditures, national income and product accounts (NIPA...

Table B-85: State and local government current receipts and expenditures, national income and product...

Table B-86: State and local government revenues and expenditures, selected fiscal years, 1927-2000

Table B-87: U.S. Treasury securities outstanding by kind of obligation, 1967-2002

Table B-88: Maturity distribution and average length of marketable interest-bearing public debt securities...

Table B-89: Estimated ownership of U.S. Treasury securities, 1991-2002

Corporate Profits and Finance

Table B-90: Corporate profits with inventory valuation and capital consumption adjustments, 1959-2002

Table B-91: Corporate profits by industry, 1959-2002

Table B-92: Corporate profits of manufacturing industries, 1959-2002

Table B-93: Sales, profits, and stockholders' equity, all manufacturing corporations, 1959-2002

Table B-94: Relation of profits after taxes to stockholders' equity and to sales, all manufacturing...

Table B-95: Common stock prices and yields, 1965-2002

Table B-96: Business formation and business failures, 1955-97

Agriculture

Table B-97: Farm income, 1945-2002

Table B-98: Farm business balance sheet, 1950-2001

Table B-99: Farm output and productivity indexes, 1948-99

Table B-100: Farm input use, selected inputs, 1948-2002

Table B-101: Agricultural price indexes and farm real estate value, 1975-2002

Table B-102: U.S. exports and imports of agricultural commodities, 1945-2002

International Statistics

Table B-103: U.S. international transactions, 1946-2002

Table B-104: U.S. international trade in goods by principal end-use category, 1965-2002

Table B-105: U.S. international trade in goods by area, 1993-2002

Table B-106: U.S. international trade in goods on balance of payments (BOP) and Census basis, and trade in...

Table B-107: International investment position of the United States at year-end, 1993-2001

Table B-108: Industrial production and consumer prices, major industrial countries, 1979-2002

Table B-109: Civilian unemployment rate, and hourly compensation, major industrial countries, 1979-2002

Table B-110: Foreign exchange rates, 1982-2002

Table B-111: International reserves, selected years, 1962-2002

Table B-112: Growth rates in real gross domestic product, 1984-2002