[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b1._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]

NATIONAL INCOME OR EXPENDITURE


Table B-1.--Gross domestic product, 1959-95
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures                          Gross private domestic investment
----------------------------------------------------------------------------------------------------------------------
Fixed investment
Gross                                                      -------------------------------------------------------
Year or  quarter                          domestic                                                                       Nonresidential                        Change  in
product    Total    Durable  Nondurable   Services   Total           ---------------------------------                business
goods      goods                         Total                        Producers'  Residential  inventories
Total   Structures    durable
equipment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959..........................................................      507.2    318.1      42.7      148.5       127.0     78.8     74.6     46.5       18.1         28.3        28.1          4.2

1960..........................................................      526.6    332.2      43.3      152.9       136.0     78.8     75.5     49.2       19.6         29.7        26.3          3.2
1961..........................................................      544.8    342.6      41.8      156.6       144.3     77.9     75.0     48.6       19.7         28.9        26.4          2.9
1962..........................................................      585.2    363.4      46.9      162.8       153.7     87.9     81.8     52.8       20.8         32.1        29.0          6.1
1963..........................................................      617.4    383.0      51.6      168.2       163.2     93.4     87.7     55.6       21.2         34.4        32.1          5.7
1964..........................................................      663.0    411.4      56.7      178.7       176.1    101.7     96.7     62.4       23.7         38.7        34.3          5.0

1965..........................................................      719.1    444.3      63.3      191.6       189.4    118.0    108.3     74.1       28.3         45.8        34.2          9.7
1966..........................................................      787.8    481.9      68.3      208.8       204.8    130.4    116.7     84.4       31.3         53.0        32.3         13.8
1967..........................................................      833.6    509.5      70.4      217.1       222.0    128.0    117.6     85.2       31.5         53.7        32.4         10.5
1968..........................................................      910.6    559.8      80.8      235.7       243.4    139.9    130.8     92.1       33.6         58.5        38.7          9.1
1969..........................................................      982.2    604.7      85.9      253.2       265.5    155.0    145.5    102.9       37.7         65.2        42.6          9.5

1970..........................................................    1,035.6    648.1      85.0      272.0       291.1    150.2    148.1    106.7       40.3         66.4        41.4          2.2
1971..........................................................    1,125.4    702.5      96.9      285.5       320.1    176.0    167.5    111.7       42.7         69.1        55.8          8.5
1972..........................................................    1,237.3    770.7     110.4      308.0       352.3    205.6    195.7    126.1       47.2         78.9        69.7          9.9
1973..........................................................    1,382.6    851.6     123.5      343.1       384.9    242.9    225.4    150.0       55.0         95.1        75.3         17.5
1974..........................................................    1,496.9    931.2     122.3      384.5       424.4    245.6    231.5    165.6       61.2        104.3        66.0         14.1

1975..........................................................    1,630.6  1,029.1     133.5      420.6       475.0    225.4    231.7    169.0       61.4        107.6        62.7         -6.3
1976..........................................................    1,819.0  1,148.8     158.9      458.2       531.8    286.6    269.6    187.2       65.9        121.2        82.5         16.9
1977..........................................................    2,026.9  1,277.1     181.1      496.9       599.0    356.6    333.5    223.2       74.6        148.7       110.3         23.1
1978..........................................................    2,291.4  1,428.8     201.4      549.9       677.4    430.8    403.6    272.0       91.4        180.6       131.6         27.2
1979..........................................................    2,557.5  1,593.5     213.9      624.0       755.6    480.9    464.0    323.0      114.9        208.1       141.0         16.9

1980..........................................................    2,784.2  1,760.4     213.5      695.5       851.4    465.9    473.5    350.3      133.9        216.4       123.2         -7.6
1981..........................................................    3,115.9  1,941.3     230.5      758.2       952.6    556.2    528.1    405.4      164.6        240.9       122.6         28.2
1982..........................................................    3,242.1  2,076.8     239.3      786.8     1,050.7    501.1    515.6    409.9      175.0        234.9       105.7        -14.5
1983..........................................................    3,514.5  2,283.4     279.8      830.3     1,173.3    547.1    552.0    399.4      152.7        246.7       152.5         -4.9
1984..........................................................    3,902.4  2,492.3     325.1      883.6     1,283.6    715.6    648.1    468.3      176.0        292.3       179.8         67.5

1985..........................................................    4,180.7  2,704.8     361.1      927.6     1,416.1    715.1    688.9    502.0      193.3        308.7       186.9         26.2
1986..........................................................    4,422.2  2,892.7     398.7      957.2     1,536.8    722.5    712.9    494.8      175.8        319.0       218.1          9.6
1987..........................................................    4,692.3  3,094.5     416.7    1,014.0     1,663.8    747.2    722.9    495.4      172.1        323.3       227.6         24.2
1988..........................................................    5,049.6  3,349.7     451.0    1,081.1     1,817.6    773.9    763.1    530.6      181.3        349.3       232.5         10.9
1989..........................................................    5,438.7  3,594.8     472.8    1,163.8     1,958.1    829.2    797.5    566.2      192.3        373.9       231.3         31.7

1990..........................................................    5,743.8  3,839.3     476.5    1,245.3     2,117.5    799.7    791.6    575.9      200.8        375.1       215.7          8.0
1991..........................................................    5,916.7  3,975.1     455.2    1,277.6     2,242.3    736.2    738.5    547.3      181.7        365.6       191.2         -2.3
1992..........................................................    6,244.4  4,219.8     488.5    1,321.8     2,409.4    790.4    783.4    557.9      169.2        388.7       225.6          7.0
1993..........................................................    6,550.2  4,454.1     530.7    1,368.9     2.554.6    871.1    850.5    598.8      171.8        427.0       251.7         20.6
1994..........................................................    6,931.4  4,698.7     580.9    1,429.7     2,688.1  1,014.4    954.9    667.2      180.2        487.0       287.7         59.5

1990: I.......................................................    5,660.4  3,759.2     493.3    1,220.7     2,045.3    822.5    813.9    581.2      201.9        379.3       232.7          8.6
II......................................................    5,751.0  3,811.8     477.6    1,230.2     2,104.1    835.2    794.0    571.6      202.4        369.2       222.4         41.2
III.....................................................    5,782.4  3,879.2     473.2    1,256.2     2,149.8    804.9    791.2    580.3      203.5        376.7       210.9         13.8
IV......................................................    5,781.5  3,907.0     461.9    1,274.1     2,171.0    736.1    767.5    570.6      195.4        375.1       196.9        -31.4

1991: I.......................................................    5,822.1  3,910.7     449.0    1,268.3     2,193.5    723.6    739.7    555.4      192.3        363.1       184.3        -16.1
II......................................................    5,892.3  3,961.0     452.7    1,279.7     2,228.6    716.2    736.2    550.2      187.6        362.6       185.9        -19.9
III.....................................................    5,950.0  4,001.6     462.0    1,283.4     2,256.3    743.9    738.6    544.3      176.1        368.2       194.3          5.3
IV......................................................    6,002.3  4,027.1     457.3    1,279.0     2,290.7    760.9    739.5    539.2      170.8        368.4       200.3         21.4

1992: I.......................................................    6,121.8  4,127.6     474.1    1,303.1     2,350.4    755.2    755.4    544.1      171.6        372.5       211.3         -0.3
II......................................................    6,201.2  4,183.0     481.3    1,308.4     2,393.3    790.8    780.5    556.8      170.4        386.3       223.7         10.2
III.....................................................    6,271.7  4,238.9     492.5    1,326.3     2,420.1    799.7    788.1    561.0      167.6        393.4       227.1         11.6
IV......................................................    6,383.0  4,329.6     506.2    1,349.5     2,473.9    816.1    809.7    569.6      167.1        402.5       240.1          6.4

1993: I.......................................................    6,442.8  4,367.8     508.3    1,354.1     2,505.3    843.6    823.8    580.3      170.2        410.1       243.5         19.9
II......................................................    6,503.2  4,424.7     525.2    1,364.2     2,535.4    855.9    834.3    591.1      169.7        421.3       243.2         21.6
III.....................................................    6,571.3  4,481.0     536.7    1,371.4     2,572.9    873.8    851.8    599.2      171.4        427.7       252.6         22.0
IV......................................................    6,683.7  4,543.0     552.3    1,386.1     2,604.6    911.2    892.3    624.6      175.8        448.8       267.7         18.8

1994: I.......................................................    6,772.8  4,599.2     562.6    1,399.7     2,636.8    957.6    917.4    638.8      171.8        467.0       278.5         40.2
II......................................................    6,885.0  4,665.1     573.1    1,416.6     2,675.4  1,016.5    942.0    653.5      179.1        474.4       288.5         74.5
III.....................................................    6,987.6  4,734.4     585.3    1,443.5     2,705.6  1,033.6    968.9    678.5      181.0        497.5       290.4         64.7
IV......................................................    7,080.0  4,796.0     602.7    1,459.0     2,734.4  1,050.1    991.4    697.9      188.8        509.1       293.5         58.7

1995: I.......................................................    7,147.8  4,836.3     593.0    1,471.6     2,771.7  1,072.0  1,013.9    723.6      194.5        529.0       290.4         58.1
II......................................................    7,196.5  4,908.7     604.0    1,486.9     2,817.9  1,050.3  1,016.3    734.4      197.6        536.8       281.9         34.0
III.....................................................    7,297.2  4,965.1     616.0    1,491.3     2,857.8  1,067.1  1,036.5    746.3      202.3        544.0       290.2         30.6

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See next page for continuation of table.


Table B-1.--Gross domestic product, 1959-95--Continued
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Net exports of goods  and      Government consumption expenditures  and gross                                          Percent change  from
services                                investment                                                              preceding  period
-----------------------------------------------------------------------------------   Final        Gross      Addendum: -----------------------
Year or  quarter                                                                       Federal                        sales of    domestic       Gross
Net                                  --------------------------------   State    domestic  purchases\1\   national     Gross       Gross
exports   Exports   Imports     Total             National                 and     product                 product\2\  domestic    domestic
Total    defense  Nondefense    local                                         product    purchases
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------\1\----
1959............................................      -1.7      20.6       22.3     112.0      67.2      55.7       11.5      44.8      503.0        508.9        510.1   ........  ............

1960............................................       2.4      25.3       22.8     113.2      65.6      54.9       10.8      47.6      523.3        524.1        529.8        3.8         3.0
1961............................................       3.4      26.0       22.7     120.9      69.1      57.7       11.4      51.8      541.9        541.5        548.4        3.5         3.3
1962............................................       2.4      27.4       25.0     131.4      76.5      62.3       14.2      55.0      579.1        582.8        589.4        7.4         7.6
1963............................................       3.3      29.4       26.1     137.7      78.1      62.2       15.9      59.6      611.7        614.1        621.9        5.5         5.4
1964............................................       5.5      33.6       28.1     144.4      79.4      61.3       18.1      65.0      658.0        657.6        668.0        7.4         7.1

1965............................................       3.9      35.4       31.5     153.0      81.8      62.0       19.7      71.2      709.4        715.3        724.5        8.5         8.8
1966............................................       1.9      38.9       37.1     173.6      94.1      73.4       20.7      79.5      774.0        785.9        793.0        9.5         9.9
1967............................................       1.4      41.4       39.9     194.6     106.6      85.5       21.0      88.1      823.1        832.2        839.1        5.8         5.9
1968............................................      -1.3      45.3       46.6     212.1     113.8      92.0       21.8      98.3      901.4        911.8        916.7        9.2         9.6
1969............................................      -1.2      49.3       50.5     223.8     115.8      92.4       23.4     108.0      972.7        983.4        988.4        7.9         7.8

1970............................................       1.2      57.0       55.8     236.1     115.9      90.6       25.3     120.2    1,033.4      1,034.4      1,042.0        5.4         5.2
1971............................................      -3.0      59.3       62.3     249.9     117.1      88.7       28.3     132.8    1,116.9      1,128.4      1,133.1        8.7         9.1
1972............................................      -8.0      66.2       74.2     268.9     125.1      93.2       31.9     143.8    1,227.4      1,245.3      1,246.0        9.9        10.4
1973............................................        .6      91.8       91.2     287.6     128.2      94.7       33.5     159.4    1,365.2      1,382.0      1,395.4       11.7        11.0
1974............................................      -3.1     124.3      127.5     323.2     139.9     101.9       38.0     183.3    1,482.8      1,500.0      1,512.6        8.3         8.5

1975............................................      13.6     136.3      122.7     362.6     154.5     110.9       43.6     208.1    1,636.9      1,617.1      1,643.9        8.9         7.8
1976............................................      -2.3     148.9      151.1     385.9     162.7     116.1       46.6     223.1    1,802.0      1,821.2      1,836.1       11.5        12.6
1977............................................     -23.7     158.8      182.4     416.9     178.4     125.8       52.6     238.5    2,003.8      2,050.5      2,047.5       11.4        12.6
1978............................................     -26.1     186.1      212.3     457.9     194.4     135.6       58.9     263.4    2,264.2      2,317.5      2,313.5       13.0        13.0
1979............................................     -24.0     228.7      252.7     507.1     215.0     151.2       63.8     292.0    2,540.6      2,581.5      2,590.4       11.6        11.4

1980............................................     -14.9     278.9      293.8     572.8     248.4     174.2       74.2     324.4    2,791.9      2,799.1      2,819.5        8.9         8.4
1981............................................     -15.0     302.8      317.8     633.4     284.1     202.0       82.2     349.2    3,087.8      3,130.9      3,150.6       11.9        11.9
1982............................................     -20.5     282.6      303.2     684.8     313.2     230.9       82.3     371.6    3,256.6      3,262.6      3,273.2        4.1         4.2
1983............................................     -51.7     277.0      328.6     735.7     344.5     255.0       89.4     391.2    3,519.4      3,566.2      3,546.5        8.4         9.3
1984 ...........................................    -102.0     303.1      405.1     796.6     372.6     282.7       89.9     424.0    3,835.0      4,004.5      3,933.5       11.0        12.3

1985............................................    -114.2     303.0      417.2     875.0     410.1     312.4       97.7     464.9    4,154.5      4,294.9      4,201.0        7.1         7.3
1986............................................    -131.5     320.7      452.2     938.5     435.2     332.4      102.9     503.3    4,412.6      4,553.7      4,435.1        5.8         6.0
1987............................................    -142.1     365.7      507.9     992.8     455.7     350.4      105.3     537.2    4,668.1      4,834.5      4,701.3        6.1         6.2
1988............................................    -106.1     447.2      553.2   1,032.0     457.3     354.0      103.3     574.7    5,038.7      5,155.6      5,062.6        7.6         6.6
1989............................................     -80.4     509.3      589.7   1,095.1     477.2     360.6      116.7     617.9    5,407.0      5,519.1      5,452.8        7.7         7.0

1990............................................     -71.3     557.3      628.6   1,176.1     503.6     373.1      130.4     672.6    5,735.8      5,815.1      5,764.9        5.6         5.4
1991............................................     -20.5     601.8      622.3   1,225.9     522.6     383.5      139.1     703.4    5,919.0      5,937.2      5,932.4        3.0         2.1
1992............................................     -29.5     639.4      669.0   1,263.8     528.0     375.8      152.2     735.8    6,237.4      6,274.0      6,255.5        5.5         5.7
1993............................................     -64.9     660.0      724.9   1,289.9     522.1     362.2      159.9     767.8    6,529.7      6,615.2      6,560.0        4.9         5.4
1994............................................     -96.4     722.0      818.4   1,314.7     516.3     352.0      164.3     798.4    6,871.8      7,027.8      6,922.4        5.8         6.2

1990: I.........................................     -74.3     541.6      615.9   1,153.0     496.4     369.7      126.7     656.6    5,651.8      5,734.7      5,681.4        9.1         8.8
II........................................     -60.3     554.8      615.1   1,164.3     500.1     370.6      129.5     664.2    5,709.8      5,811.3      5,767.8        6.6         5.5
III.......................................     -78.5     555.5      634.1   1,176.9     501.2     368.9      132.3     675.7    5,768.7      5,861.0      5,796.8        2.2         3.5
IV........................................     -72.0     577.3      649.2   1,210.4     516.7     383.3      133.3     693.7    5,812.9      5,853.5      5,813.6        -.1         -.5

1991: I.........................................     -32.9     577.4      610.3   1,220.6     525.6     389.7      136.0     695.0    5,838.2      5,855.0      5,849.0        2.8          .1
II........................................     -12.3     602.7      615.0   1,227.4     528.2     389.3      138.9     699.2    5,912.2      5,904.6      5,904.5        4.9         3.4
III.......................................     -22.0     602.6      624.5   1,226.5     520.9     382.1      138.8     705.5    5,944.7      5,972.0      5,959.4        4.0         4.6
IV........................................     -14.8     624.4      639.3   1,229.2     515.5     373.0      142.6     713.6    5,980.9      6,017.1      6,016.6        3.6         3.1

1992: I.........................................      -8.9     632.4      641.3   1,247.9     521.8     372.8      149.0     726.1    6,122.1      6,130.7      6,138.3        8.2         7.8
II........................................     -29.0     635.9      664.9   1,256.4     523.2     374.1      149.1     733.2    6,191.0      6,230.2      6,212.2        5.3         6.7
III.......................................     -37.6     640.2      677.8   1,270.7     532.0     380.9      151.1     738.7    6,260.1      6,309.3      6,281.1        4.6         5.2
IV........................................     -42.7     649.1      691.8   1,280.0     535.0     375.3      159.7     745.1    6,376.6      6,425.7      6,390.5        7.3         7.6

1993: I.........................................     -47.4     649.4      696.8   1,278.8     525.0     365.2      159.8     753.8    6,422.9      6,490.1      6,458.4        3.8         4.1
II........................................     -62.0     662.5      724.6   1,284.6     519.6     362.2      157.4     765.0    6,481.6      6,565.2      6,512.3        3.8         4.7
III.......................................     -77.1     648.5      725.6   1,293.6     520.8     360.7      160.1     772.7    6,549.3      6,648.4      6,584.8        4.3         5.2
IV........................................     -73.2     679.4      752.6   1,302.7     522.9     360.8      162.2     779.7    6,664.9      6,756.9      6,684.5        7.0         6.7

1994: I.........................................     -80.3     681.5      761.7   1,296.4     511.3     346.7      164.6     785.0    6,732.6      6,853.1      6,773.6        5.4         5.8
II........................................     -97.4     708.6      806.0   1,300.8     509.4     349.3      160.0     791.4    6,810.5      6,982.5      6,876.3        6.8         7.8
III.......................................    -108.4     734.2      842.6   1,328.0     523.6     362.1      161.5     804.4    6,922.9      7,096.0      6,977.6        6.1         6.7
IV........................................     -99.7     763.6      863.3   1,333.5     520.9     349.6      171.2     812.6    7,021.3      7,179.6      7,062.2        5.4         4.8

1995: I.........................................    -106.6     778.6      885.1   1,346.0     519.9     347.7      172.1     826.1    7,089.7      7,254.3      7,140.5        3.9         4.2
II........................................    -122.4     796.9      919.3   1,359.9     522.6     352.3      170.3     837.3    7,162.5      7,318.9      7,187.0        2.8         3.6
III.......................................    -100.6     813.2      913.7   1,365.5     517.3     346.2      171.1     848.2    7,266.6      7,397.7      7,281.3        5.7         4.4
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\1\ Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.
\2\ GDP plus net receipts of factor income from rest of the world.

Source: Department of Commerce, Bureau of Economic Analysis.