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

[DOCID: f:erp_b2._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-2.--Real gross domestic product, 1959-95
[Billions of chained (1992) 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........................................................   2,212.3   1,394.6     103.1       606.3     687.4     274.2     267.1     147.7       85.8        71.4       131.1          13.5

1960........................................................   2,261.7   1,432.6     105.2       615.4     717.4     270.5     269.2     155.9       92.6        74.3       121.8          10.6
1961........................................................   2,309.8   1,461.5     101.2       626.7     746.5     265.2     267.9     154.5       93.9        72.5       122.2           8.9
1962........................................................   2,449.1   1,533.8     113.0       646.5     783.4     298.5     292.0     168.0       98.1        81.0       133.9          20.0
1963........................................................   2,554.0   1,596.6     124.0       660.0     818.7     318.1     313.7     176.4       99.2        87.1       149.6          18.1
1964........................................................   2,702.9   1,692.3     135.5       692.5     868.4     344.6     343.7     197.1      109.5        98.1       158.3          15.6

1965........................................................   2,874.8   1,799.1     152.6       729.3     914.6     392.5     378.5     231.3      126.9       115.9       153.7          30.2
1966........................................................   3,060.2   1,902.0     165.5       769.2     961.0     423.5     399.1     259.4      135.6       133.8       140.0          42.3
1967........................................................   3,140.2   1,958.6     168.1       781.4   1,007.6     406.9     391.0     255.3      132.2       132.5       135.6          32.1
1968........................................................   3,288.6   2,070.2     186.6       816.9   1,059.6     429.8     418.1     266.4      134.1       140.5       154.0          26.9
1969........................................................   3,388.0   2,147.5     193.3       838.6   1,110.8     454.4     442.9     285.6      141.3       152.2       158.6          27.2

1970........................................................   3,388.2   2,197.8     187.0       859.1   1,155.4     419.5     432.1     282.8      141.7       149.5       149.1           5.7
1971........................................................   3,500.1   2,279.5     205.7       874.5   1,197.9     467.4     464.9     282.4      139.4       150.7       190.0          22.7
1972........................................................   3,690.3   2,415.9     231.9       912.9   1,262.5     522.1     520.3     307.7      143.7       169.8       223.7          25.2
1973........................................................   3,902.3   2,532.6     255.8       942.9   1,319.4     583.5     567.5     352.5      155.4       201.2       222.3          39.0
1974........................................................   3,888.2   2,514.7     238.2       924.5   1,351.2     544.4     530.2     354.4      152.2       205.4       176.4          24.0

1975........................................................   3,865.1   2,570.0     238.1       938.3   1,398.3     440.5     471.0     317.3      136.2       183.9       153.5         -11.0
1976........................................................   4,081.1   2,714.3     268.5       984.8   1,457.1     536.6     517.6     332.6      139.6       195.2       189.7          29.0
1977........................................................   4,279.3   2,829.8     293.4     1,010.4   1,518.2     627.1     593.7     371.8      146.4       225.6       229.8          38.0
1978........................................................   4,493.7   2,951.6     308.8     1,045.7   1,589.3     686.0     660.8     422.6      162.3       259.6       245.0          42.3
1979........................................................   4,624.0   3,020.2     307.3     1,069.7   1,639.8     704.5     695.6     463.3      182.7       280.7       236.0          23.1

1980........................................................   4,611.9   3,009.7     282.6     1,065.1   1,670.7     626.2     648.4     461.1      195.0       268.2       186.1         -10.0
1981........................................................   4,724.9   3,046.4     285.8     1,074.3   1,696.1     689.7     660.6     485.7      210.4       278.2       171.2          33.1
1982........................................................   4,623.6   3,081.5     285.5     1,080.6   1,728.2     590.4     610.4     464.3      207.2       260.3       140.1         -15.6
1983........................................................   4,810.0   3,240.6     327.4     1,112.4   1,809.0     647.8     654.2     456.4      185.7       272.4       197.6          -5.9
1984........................................................   5,138.2   3,407.6     374.9     1,151.8   1,883.0     831.6     762.4     535.4      212.2       324.6       226.4          74.8

1985........................................................   5,329.5   3,566.5     411.4     1,178.3   1,977.3     829.2     799.3     568.4      227.8       342.4       229.5          29.8
1986........................................................   5,489.9   3,708.7     448.4     1,215.9   2,041.4     813.8     805.0     548.5      203.3       345.9       257.0          10.9
1987........................................................   5,648.4   3,822.3     454.9     1,239.3   2,126.9     820.5     799.4     542.4      195.9       346.9       257.6          26.2
1988........................................................   5,862.9   3,972.7     483.5     1,274.4   2,212.4     826.0     818.3     566.0      196.8       369.2       252.5          11.6
1989........................................................   6,060.4   4,064.6     496.2     1,303.5   2,262.3     861.9     832.0     588.8      201.2       387.6       243.2          33.3

1990........................................................   6,138.7   4,132.2     493.3     1,316.1   2,321.3     817.3     805.8     585.2      203.3       381.9       220.6          10.4
1991........................................................   6,079.0   4,105.8     462.0     1,302.9   2,341.0     737.7     741.3     547.7      181.6       366.2       193.4          -3.0
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           7.3
1993........................................................   6,383.8   4,339.7     524.1     1,348.9   2,466.8     857.3     836.4     593.6      166.3       427.6       242.7          19.1
1994........................................................   6,604.2   4,471.1     562.0     1,390.5   2,519.4     979.6     921.1     652.1      168.8       484.1       268.9          58.9

1990: I.....................................................   6,154.1   4,128.9     511.2     1,319.2   2,295.7     844.1     834.7     595.3      206.5       388.8       239.4          11.0
II....................................................   6,174.4   4,134.7     495.4     1,316.9   2,321.1     856.1     811.2     583.4      205.5       377.8       227.8          43.8
III...................................................   6,145.2   4,148.5     490.4     1,319.8   2,337.3     820.8     803.1     588.1      205.2       383.0       214.9          14.9
IV....................................................   6,081.0   4,116.4     476.3     1,308.4   2,331.2     748.1     774.4     573.9      196.0       377.9       200.3         -28.2

1991: I.....................................................   6,047.9   4,084.5     458.6     1,300.6   2,325.3     725.5     742.6     555.1      192.2       362.9       187.4         -17.5
II....................................................   6,074.1   4,110.0     460.5     1,308.0   2,341.5     718.0     739.4     550.9      187.2       363.8       188.3         -20.8
III...................................................   6,089.3   4,119.5     467.3     1,307.1   2,345.0     744.9     741.0     545.3      175.5       369.8       195.6           4.9
IV....................................................   6,104.4   4,109.1     461.5     1,295.7   2,352.0     762.4     742.0     539.5      171.4       368.1       202.4          21.4

1992: I.....................................................   6,175.3   4,173.8     476.1     1,314.4   2,383.2     757.9     758.3     544.4      172.7       371.7       213.9           -.1
II....................................................   6,214.2   4,196.4     481.1     1,312.0   2,403.2     792.8     782.4     557.5      171.0       386.4       224.9          11.3
III...................................................   6,260.9   4,226.7     491.9     1,321.1   2,413.6     798.6     787.3     560.6      167.4       393.1       226.7          12.1
IV....................................................   6,327.3   4,282.3     505.0     1,339.8   2,437.6     812.4     805.8     569.1      165.6       403.5       236.7           5.8

1993: I.....................................................   6,327.0   4,290.0     506.0     1,336.9   2,447.0     834.8     815.4     577.5      167.0       410.5       237.9          18.5
II....................................................   6,353.7   4,319.0     519.6     1,344.7   2,454.9     843.2     821.1     586.4      164.8       421.7       234.8          20.8
III...................................................   6,390.4   4,359.7     528.9     1,354.2   2,476.7     857.6     835.4     593.1      165.1       428.2       242.2          19.5
IV....................................................   6,463.9   4,390.0     541.9     1,359.8   2,488.6     893.4     873.5     617.6      168.2       449.8       255.8          17.4

1994: I.....................................................   6,504.6   4,418.8     549.6     1,372.7   2,497.0     933.5     892.4     628.6      163.0       466.5       263.6          40.1
II....................................................   6,581.5   4,457.7     555.4     1,383.7   2,519.0     984.6     911.4     639.5      169.0       471.2       271.6          74.1
III...................................................   6,639.5   4,485.8     563.0     1,397.2   2,526.3     994.1     930.8     660.4      169.1       492.4       270.3          64.0
IV....................................................   6,691.3   4,522.3     579.9     1,408.4   2,535.1   1,006.3     949.7     679.7      174.3       506.4       270.3          57.3

1995: I.....................................................   6,701.6   4,530.9     566.9     1,416.8   2,548.1   1,024.2     969.6     704.4      178.5       527.1       265.9          54.5
II....................................................   6,709.4   4,568.8     576.6     1,423.5   2,569.6     998.3     966.1     710.6      180.0       531.9       256.6          30.6
III...................................................   6,763.2   4,601.1     589.8     1,425.3   2,586.9   1,008.9     980.6     719.8      182.4       538.6       261.8          27.1

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See next page for continuation of table.


Table B-2.--Real gross domestic product, 1959-95--Continued
[Billions of chained (1992) 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                      Final                                preceding  period
--------------------------------------------------------------------------- sales of      Gross      Addendum: -----------------------
Year or  quarter                                                                     Federal                                 domestic       Gross
Net                              ------------------------------  State   domestic    purchases    national     Gross       Gross
exports  Exports  Imports   Total           National                and     product       \1\        product   domestic    domestic
Total   defense  Nondefense   local                               \2\      product    purchases
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------\1\----
1959.....................................................    -34.8     71.9    106.6    618.5   360.5    307.6       58.8     256.8   2,206.9     2,270.4      2,224.3    ........  ............

1960.....................................................    -21.3     86.8    108.1    617.2   349.4    301.3       54.1     267.2   2,264.2     2.303.1      2,274.8         2.2         1.4
1961.....................................................    -19.1     88.3    107.3    647.2   363.0    313.8       55.5     283.8   2,318.0     2,349.7      2,324.6         2.1         2.0
1962.....................................................    -26.5     93.0    119.5    686.0   393.2    332.4       66.8     292.1   2,445.4     2,497.4      2,465.9         6.0         6.3
1963.....................................................    -22.7    100.0    122.7    701.9   391.8    324.0       72.9     309.7   2,552.4     2,598.9      2,572.0         4.3         4.1
1964.....................................................    -15.9    113.3    129.2    715.9   385.2    309.9       79.2     330.9   2,705.1     2,740.5      2,722.3         5.8         5.4

1965.....................................................    -27.4    115.6    143.0    737.6   385.2    303.8       84.6     353.2   2,860.4     2,925.9      2,895.2         6.4         6.8
1966.....................................................    -40.9    123.4    164.2    804.6   429.1    348.2       85.7     375.9   3,033.5     3,124.9      3,078.9         6.4         6.8
1967.....................................................    -50.1    126.1    176.2    865.6   471.7    393.5       84.7     394.2   3,125.1     3,214.2      3,159.4         2.6         2.9
1968.....................................................    -67.2    135.3    202.5    892.4   476.3    400.9       82.5     416.5   3,278.0     3,377.4      3,309.2         4.7         5.1
1969.....................................................    -71.3    142.7    214.0    887.5   459.9    381.6       84.3     428.0   3,377.2     3,480.1      3,407.8         3.0         3.0

1970.....................................................    -65.0    158.1    223.1    866.8   427.2    349.0       83.0     440.0   3,406.5     3,469.1      3,407.7          .0         -.3
1971.....................................................    -75.8    159.2    235.0    851.0   397.0    313.7       86.3     454.4   3,499.8     3,592.5      3,522.2         3.3         3.6
1972.....................................................    -88.9    172.0    261.0    854.1   390.2    300.3       91.9     464.5   3,689.5     3,794.0      3,714.3         5.4         5.6
1973.....................................................    -63.0    209.6    272.6    848.4   371.1    281.2       91.5     478.5   3,883.9     3,975.2      3,936.0         5.7         4.8
1974.....................................................    -35.6    229.8    265.3    862.9   368.8    273.5       96.4     495.6   3,873.4     3,925.7      3,927,1         -.4        -1.2

1975.....................................................     -7.2    228.2    235.4    876.3   367.9    269.7       99.1     510.0   3,906.4     3,867.2      3,894.5         -.6        -1.5
1976.....................................................    -39.9    241.6    281.5    876.8   364.3    264.7      100.4     514.3   4,061.7     4,122.9      4,116.9         5.6         6.6
1977.....................................................    -64.2    247.4    311.6    884.7   370.1    266.4      104.3     516.4   4,240.8     4,351.5      4,320.2         4.9         5.5
1978.....................................................    -65.6    273.1    338.6    910.6   377.7    266.7      111.4     534.7   4,464.4     4,565.7      4,534.4         5.0         4.9
1979.....................................................    -45.3    299.0    344.3    924.9   383.3    271.0      112.7     543.5   4,614.4     4,668.2      4,680.8         2.9         2.2

1980.....................................................     10.1    331.4    321.3    941.4   399.3    280.7      119.0     543.6   4,641.9     4,578.6      4,667.7         -.3        -1.9
1981.....................................................      5.6    335.3    329.7    947.7   415.9    296.0      120.4     532.8   4,691.6     4,697.3      4,774.1         2.5         2.6
1982.....................................................    -14.1    311.4    325.5    960.1   429.4    316.5      113.3     531.4   4,651.2     4,622.7      4,665.4        -2.1        -1.6
1983.....................................................    -63.3    303.3    366.6    987.3   452.7    334.6      118.5     534.9   4,821.2     4,870.7      4,851.2         4.0         5.4
1984.....................................................   -127.3    328.4    455.7  1,018.4   463.7    348.1      115.9     555.0   5,061.6     5,274.4      5,176.1         6.8         8.3

1985.....................................................   -147.9    337.3    485.2  1,080.1   495.6    374.1      121.8     584.7   5,296.9     5,488.8      5,352.7         3.7         4.1
1986.....................................................   -163.9    362.2    526.1  1,135.0   518.4    393.4      125.2     616.9   5,480.9     5,666.1      5,503.4         3.0         3.2
1987.....................................................   -156.2    402.0    558.2  1,165.9   534.4    409.2      125.3     631.8   5.626.0     5,815.7      5,657.2         2.9         2.6
1988.....................................................   -114.4    465.8    580.2  1,180.9   524.6    405.5      119.1     656.6   5,855.1     5,983.9      5,876.2         3.8         2.9
1989.....................................................    -82.7    520.2    603.0  1,213.9   531.5    401.6      130.1     682.6   6,028.7     6,146.1      6,074.0         3.4         2.7

1990.....................................................    -61.9    564.4    626.3  1,250.4   541.9    401.5      140.5     708.6   6,126.7     6,202.1      6,159.4         1.3          .9
1991.....................................................    -22.3    599.9    622.2  1,258.0   539.4    397.5      142.0     718.7   6,082.6     6,101.1      6,094.4        -1.0        -1.6
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         2.7         2.8
1993.....................................................    -74.4    660.6    735.0  1,260.5   508.7    354.9      153.8     751.8   6,362.9     6,457.3      6,393.7         2.2         2.9
1994.....................................................   -108.1    715.1    823.3  1,259.9   489.7    336.9      152.6     770.5   6,546.3     6,709.7      6,596.6         3.5         3.9

1990: I..................................................    -67.1    555.2    622.3  1,246.5   542.9    404.1      138.9     703.8   6,144.6     6,222.9      6,174.3         4.1         3.2
II.................................................    -66.7    566.8    633.5  1,248.2   543.0    402.8      140.4     705.4   6,127.5     6,242.9      6,190.8         1.3         1.3
III................................................    -71.2    561.8    633.0  1,246.8   538.2    396.1      142.2     708.7   6,126.6     6,218.4      6,158.8        -1.9        -1.6
IV.................................................    -42.5    573.9    616.4  1,259.9   543.5    403.1      140.5     716.5   6,108.1     6,124.3      6,113.4        -4.1        -5.9

1991: I..................................................    -24.3    572.3    596.6  1,262.6   547.3    408.4      139.0     715.5   6,065.4     6,072.2      6,074.8        -2.2        -3.4
II.................................................    -17.1    600.3    617.4  1,263.8   547.1    405.0      142.2     716.8   6,095.9     6,091.1      6,085.8         1.7         1.2
III................................................    -29.8    603.6    633.4  1,255.1   536.3    395.0      141.4     718.8   6,085.4     6,119.1      6,098.3         1.0         1.9
IV.................................................    -17.9    623.5    641.4  1,250.7   526.9    381.7      145.3     723.8   6,083.8     6,122.3      6,118.7         1.0          .2

1992: I..................................................    -14.8    633.0    647.8  1,258.5   525.1    374.2      150.8     733.5   6,175.8     6,190.0      6,191.6         4.7         4.5
II.................................................    -32.5    635.8    668.3  1,257.5   523.3    373.3      150.0     734.2   6,203.8     6,246.8      6,225.1         2.5         3.7
III................................................    -30.8    639.7    670.5  1,266.5   529.6    378.7      150.9     736.9   6,249.5     6,291.9      6,270.4         3.0         2.9
IV.................................................    -40.0    649.1    689.1  1,272.5   534.0    376.8      157.1     738.5   6,320.7     6,367.3      6,334.8         4.3         4.9

1993: I..................................................    -55.2    649.8    705.1  1,257.2   515.7    361.2      154.5     741.6   6,307.7     6,382.0      6,342.7          .0          .9
II.................................................    -67.0    662.3    729.4  1,257.9   509.2    356.4      152.7     748.8   6,331.6     6,420.2      6,362.9         1.7         2.4
III................................................    -89.1    648.9    738.1  1,261.1   505.4    351.2      154.2     755.7   6,368.2     6,478.3      6,404.0         2.3         3.7
IV.................................................    -86.2    681.4    767.6  1,265.7   504.5    350.8      153.7     761.3   6,444.1     6,548.7      6,465.1         4.7         4.4

1994: I..................................................   -101.3    680.4    781.7  1,252.3   489.8    334.8      154.8     762.7   6,464.0     6,603.9      6,506.2         2.5         3.4
II.................................................   -112.2    704.3    816.5  1,249.7   483.3    335.5      147.7     766.8   6,509.0     6,691.0      6,573.9         4.8         5.4
III................................................   -113.3    724.8    838.1  1,271.0   496.6    346.1      150.5     774.7   6,576.8     6,749.7      6,631.1         3.6         3.6
IV.................................................   -105.8    751.0    856.8  1,266.6   489.1    331.3      157.5     777.7   6,635.2     6,794.0      6,675.4         3.2         2.7

1995: I..................................................   -119.0    755.8    874.9  1,263.0   481.3    325.3      155.6     782.2   6,647.5     6,816.9      6,695.7          .6         1.4
II.................................................   -126.8    764.3    891.2  1,265.8   479.9    326.1      153.6     786.3   6,677.4     6,832.0      6,701.2          .5          .9
III................................................   -114.1    779.7    893.9  1,264.4   473.2    319.8      153.1     791.7   6,735.0     6,873.6      6,749.5         3.2         2.5
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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.