[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b2._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-2.--Real gross domestic product, 1959-96
[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                                                                        Nonresidential                        Change
Year or  quarter                           domestic                         Non-                                 --------------------------------              in  busi-
product    Total    Durable   durable   Services    Total                                     Pro-                    ness
goods     goods                          Total                          ducers'  Residential   inven-
Total   Structures   durable                tories
equip-
ment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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..............................................................   6,386.4   4,339.5     524.1    1,348.8   2,466.7     857.3     836.4     593.6      166.3      427.6      242.7        19.1
1994..............................................................   6,608.7   4,473.2     562.0    1,390.5   2,521.4     979.6     921.1     652.1      168.8      484.1      268.9        58.9
1995..............................................................   6,742.9   4,577.8     579.8    1,421.9   2,577.0   1,010.2     975.9     714.3      181.1      534.5      262.8        33.1

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............................................................   6,326.4   4,289.7     506.0    1,336.9   2,446.8     834.8     815.4     577.5      167.0      410.5      237.9        18.5
II............................................................   6,356.5   4,318.8     519.6    1,344.5   2,454.9     843.2     821.1     586.4      164.8      421.7      234.8        20.8
III...........................................................   6,393.4   4,359.5     528.9    1,354.0   2,476.7     857.6     835.4     593.1      165.1      428.2      242.2        19.5
IV............................................................   6,469.1   4,390.0     541.9    1,359.9   2,488.5     893.5     873.5     617.6      168.2      449.8      255.8        17.4

1994:I............................................................   6,508.5   4,420.5     549.6    1,372.9   2,498.5     933.6     892.4     628.5      163.0      466.4      263.6        40.5
II............................................................   6,587.6   4,458.7     555.4    1,383.9   2,519.9     984.8     911.4     639.5      169.0      471.1      271.6        74.5
III...........................................................   6,644.9   4,489.4     563.1    1,397.0   2,530.0     994.2     930.8     660.5      169.1      492.5      270.3        64.5
IV............................................................   6,693.9   4,524.0     579.8    1,408.1   2,537.3   1,005.9     949.7     679.7      174.3      506.5      270.3        56.1

1995:I............................................................   6,701.0   4,534.8     566.5    1,416.6   2,552.5   1,023.7     969.5     704.4      178.5      527.2      265.9        54.5
II............................................................   6,713.5   4,569.9     576.2    1,422.9   2,571.6     996.8     965.7     710.5      180.0      531.7      256.5        30.5
III...........................................................   6,776.4   4,597.3     589.1    1,424.7   2,584.6   1,015.2     980.0     719.0      182.8      537.4      262.2        33.0
IV............................................................   6,780.7   4,609.4     587.5    1,423.2   2,599.3   1,004.9     988.5     723.3      183.2      541.4      266.3        14.6

1996:I............................................................   6,814.3   4,649.1     599.2    1,436.1   2,614.7   1,011.9   1,013.3     743.5      186.6      558.3      271.1        -3.0
II............................................................   6,892.6   4,687.6     615.6    1,440.9   2,632.3   1,038.6   1,031.1     750.5      184.9      567.5      281.5         7.1
III...........................................................   6,928.4   4,693.5     611.6    1,442.2   2,640.6   1,093.4   1,057.5     781.4      188.6      595.0      277.8        34.5
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See next page for continuation of table.


Table B-2.--Real gross domestic product, 1959-96--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                                      Percent change
services                       gross investment                                                 from preceding
----------------------------------------------------------------------  Final     Gross      Adden-           period
Federal                    sales     domes-      dum:    --------------------
Year or  quarter                                           -------------------------             of    tic  pur-     Gross      Gross     Gross
Net                                                         State    domes-              national    domes-     domes-
exports  Exports  Imports   Total           Nation-   Non-     and      tic    chases\1\     prod-       tic    tic  pur-
Total   al  de-   de-    local   product               uct\2\      prod-
fense   fense                                              uct    chases\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.........................    -72.0    658.2    730.2  1,261.0   509.2    355.4   153.8   751.8   6,365.5   6,457.6     6,397.1        2.3       2.9
1994.........................   -105.7    712.0    817.6  1,260.0   489.8    337.0   152.6   770.5   6,550.7   6,711.8     6,606.0        3.5       3.9
1995.........................   -107.6    775.4    883.0  1,260.2   472.3    319.6   152.3   788.6   6,708.9   6,847.1     6,737.1        2.0       2.0

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.......................    -56.0    647.1    703.1  1,257.7   516.1    361.6   154.4   741.6   6,307.1   6,382.1     6,342.5        -.1        .9
II.......................    -64.4    660.0    724.4  1,258.4   509.7    356.9   152.7   748.8   6,334.5   6,420.4     6,366.9        1.9       2.4
III......................    -86.2    645.5    731.7  1,261.6   505.9    351.6   154.2   755.7   6,371.3   6,478.6     6,406.3        2.3       3.7
IV.......................    -81.5    680.3    761.8  1,266.2   505.0    351.2   153.7   761.3   6,449.2   6,549.3     6,472.5        4.8       4.4

1994:I.......................    -99.3    677.6    777.0  1,252.4   489.9    334.8   154.9   762.7   6,467.7   6,605.9     6,514.0        2.5       3.5
II.......................   -107.3    703.1    810.4  1,249.8   483.3    335.5   147.8   766.8   6,514.9   6,692.3     6,586.2        4.9       5.3
III......................   -111.7    719.6    831.3  1,271.2   496.7    346.2   150.4   774.7   6,582.1   6,753.7     6,640.0        3.5       3.7
IV.......................   -104.3    747.6    851.9  1,266.6   489.2    331.3   157.5   777.7   6,638.1   6,795.3     6,683.5        3.0       2.5

1995:I.......................   -122.5    752.3    874.9  1,262.7   481.0    325.0   155.6   782.2   6,647.4   6,819.8     6,699.1         .4       1.4
II.......................   -121.4    763.2    884.6  1,265.1   479.4    325.5   153.5   786.3   6,682.4   6,830.9     6,711.9         .7        .7
III......................   -101.6    783.0    884.5  1,263.4   472.5    319.1   153.1   791.5   6,741.4   6,874.8     6,762.0        3.8       2.6
IV.......................    -84.9    803.1    888.0  1,249.6   456.2    308.8   147.0   794.4   6,764.2   6,862.9     6,775.6         .3       -.7

1996:I.......................   -104.0    806.7    910.7  1,254.7   462.9    311.9   150.6   792.6   6,815.2   6,914.6     6,814.9        2.0       3.0
II.......................   -114.7    817.9    932.6  1,278.2   473.4    319.4   153.7   805.5   6,884.7   7,003.0     6,886.5        4.7       5.2
III......................   -137.4    816.1    953.5  1,276.1   469.3    314.9   153.9   807.7   6,892.7   7,060.7     6,913.7        2.1       3.3
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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.