[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] NATIONAL INCOME OR EXPENDITURE Table B-1.--Gross domestic product, 1959-97 [Billions of 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 Serv- Total Pro- ness goods goods ices Total ducers' Resi- inven- Total Struc- durable dential tories tures equip- ment -------------------------------------------------------------------------------------------------------------------------------------------------------- 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.............................. 6,558.1 4,459.2 530.2 1,370.7 2,558.4 876.2 855.7 604.1 176.4 427.7 251.6 20.5 1994.............................. 6,947.0 4,717.0 579.5 1,428.4 2,709.1 1,007.9 946.6 660.6 184.5 476.1 286.0 61.2 1995.............................. 7,265.4 4,957.7 608.5 1,475.8 2,873.4 1,038.2 1,008.1 723.0 200.6 522.4 285.1 30.1 1996.............................. 7,636.0 5,207.6 634.5 1,534.7 3,038.4 1,116.5 1,090.7 781.4 215.2 566.2 309.2 25.9 1997 p............................ 8,083.4 5,488.6 659.4 1,592.7 3,236.5 1,237.6 1,173.0 845.4 230.2 615.2 327.5 64.6 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 -.2 II.......................... 6,201.2 4,183.0 481.3 1,308.4 2,393.3 790.7 780.5 556.8 170.4 386.3 223.7 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.......................... 6,383.1 4,329.6 506.2 1,349.5 2,473.9 816.1 809.7 569.6 167.1 402.5 240.1 6.5 1993: I........................... 6,444.5 4,365.4 506.4 1,354.4 2,504.6 854.3 823.5 580.5 171.7 408.9 243.0 30.7 II.......................... 6,509.1 4,428.1 524.2 1,366.3 2,537.6 857.4 842.9 598.8 175.2 423.6 244.1 14.5 III......................... 6,574.6 4,488.6 537.2 1,373.9 2,577.4 872.8 858.8 606.4 177.8 428.6 252.4 14.0 IV.......................... 6,704.2 4,554.9 553.1 1,388.0 2,613.8 920.3 897.5 630.6 180.7 449.9 266.8 22.9 1994: I........................... 6,794.3 4,616.6 563.2 1,404.4 2,649.0 963.4 911.0 634.6 175.4 459.3 276.4 52.4 II.......................... 6,911.4 4,680.5 572.4 1,416.0 2,692.2 1,017.9 941.7 652.9 185.2 467.7 288.7 76.3 III......................... 6,986.5 4,750.6 583.3 1,439.5 2,727.8 1,007.1 956.9 667.4 186.8 480.6 289.5 50.2 IV.......................... 7,095.7 4,820.2 599.3 1,453.7 2,767.2 1,043.1 977.0 687.5 190.7 496.8 289.5 66.2 21995: I.......................... 7,168.9 4,871.7 596.9 1,462.7 2,812.2 1,050.8 998.7 710.9 197.7 513.2 287.8 52.1 II.......................... 7,209.5 4,934.8 602.8 1,472.4 2,859.6 1,024.0 999.6 722.5 201.1 521.4 277.1 24.5 III......................... 7,301.3 4,990.6 616.0 1,480.4 2,894.2 1,028.8 1,009.4 725.4 202.8 522.6 284.0 19.4 IV.......................... 7,381.9 5,033.8 618.4 1,487.8 2,927.5 1,049.1 1,024.6 733.1 200.7 532.4 291.4 24.5 21996: I.......................... 7,467.5 5,105.8 626.7 1,508.1 2,970.9 1,060.5 1,049.4 750.7 205.7 545.0 298.8 11.1 II.......................... 7,607.7 5,189.1 638.6 1,532.3 3,018.2 1,105.4 1,082.0 769.3 210.6 558.7 312.7 23.4 III......................... 7,676.0 5,227.4 634.5 1,538.3 3,054.6 1,149.2 1,112.0 798.6 217.7 580.9 313.5 37.1 IV.......................... 7,792.9 5,308.1 638.2 1,560.1 3,109.8 1,151.1 1,119.2 807.2 227.0 580.2 312.0 31.9 21997: I.......................... 7,933.6 5,405.7 658.4 1,587.4 3,159.9 1,193.6 1,127.5 811.3 227.4 583.9 316.2 66.1 II.......................... 8,034.3 5,432.1 644.5 1,578.9 3,208.7 1,242.0 1,160.8 836.3 226.8 609.5 324.6 81.1 III......................... 8,124.3 5,527.4 667.3 1,600.8 3,259.3 1,250.2 1,201.3 872.0 232.9 639.1 329.3 48.9 IV p........................ 8,241.5 5,589.3 667.6 1,603.9 3,317.9 1,264.5 1,202.4 862.3 233.7 628.5 340.1 62.1 -------------------------------------------------------------------------------------------------------------------------------------------------------- See next page for continuation of table. Table B-1.--Gross domestic product, 1959-97--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 services investment from preceding --------------------------------------------------------------------------------- Final Gross Adden- period Federal sales of domes- dum: -------------------- Year or quarter ------------------------------ domes- tic pur- Gross Gross Gross Net State tic national domes- domes- exports Exports Imports Total Nation- Non- de- and product chases\1\ prod- tic tic pur- Total al de- fense local uct\2\ prod- chases fense uct \1\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959..................................................... -1.7 20.6 22.3 112.0 67.2 55.7 11.5 44.8 503.0 508.9 510.1 8.5 9.0 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..................................................... -60.7 658.6 719.3 1,283.4 518.3 360.7 157.7 765.0 6,537.6 6,618.8 6,576.8 5.0 5.5 1994..................................................... -90.9 721.2 812.1 1,313.0 510.2 349.2 161.0 802.8 6,885.7 7,037.9 6,955.2 5.9 6.3 1995..................................................... -86.0 818.4 904.5 1,355.5 509.6 344.6 165.0 846.0 7,235.3 7,351.4 7,270.6 4.6 4.5 1996..................................................... -94.8 870.9 965.7 1,406.7 520.0 352.8 167.3 886.7 7,610.2 7,730.9 7,637.7 5.1 5.2 1997 p................................................... -96.7 958.8 1,055.5 1,453.9 524.8 350.8 174.0 929.1 8,018.8 8,180.1 ......... 5.9 5.8 1992: I.................................................. -8.9 632.4 641.3 1,247.9 521.8 372.8 149.0 726.1 6,122.1 6,130.8 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 6.6 III................................................ -37.6 640.2 677.8 1,270.7 532.0 380.9 151.1 738.7 6,260.1 6,309.2 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 6,425.8 6,390.5 7.3 7.6 1993: I.................................................. -46.6 647.1 693.7 1,271.5 521.3 363.6 157.7 750.1 6,413.8 6,491.1 6,468.1 3.9 4.1 II................................................. -57.5 661.2 718.7 1,281.2 517.8 361.7 156.1 763.4 6,494.7 6,566.7 6,525.3 4.1 4.7 III................................................ -72.1 646.8 718.9 1,285.3 515.7 358.0 157.7 769.6 6,560.6 6,646.7 6,596.9 4.1 5.0 IV................................................. -66.6 679.4 746.0 1,295.5 518.5 359.4 159.1 777.0 6,681.3 6,770.8 6,717.1 8.1 7.7 1994: I.................................................. -76.6 678.5 755.1 1,291.0 506.9 344.9 162.0 784.1 6,741.9 6,870.9 6,811.2 5.5 6.0 II................................................. -87.9 710.1 797.9 1,300.8 505.3 348.5 156.8 795.5 6,835.1 6,999.2 6,920.3 7.1 7.7 III................................................ -103.4 732.6 836.0 1,332.3 520.4 359.7 160.7 811.9 6,936.3 7,090.0 6,992.3 4.4 5.3 IV................................................. -95.6 763.7 859.2 1,328.0 508.3 343.6 164.7 819.6 7,029.6 7,191.3 7,096.8 6.4 5.8 1995: I.................................................. -98.3 784.5 882.8 1,344.7 513.6 346.3 167.3 831.1 7,116.8 7,267.2 7,175.1 4.2 4.3 II................................................. -105.4 807.7 913.1 1,356.0 511.2 348.1 163.0 844.8 7,185.0 7,314.8 7,220.6 2.3 2.6 III................................................ -80.4 831.6 912.0 1,362.2 512.9 347.3 165.5 849.3 7,281.8 7,381.7 7,298.3 5.2 3.7 IV................................................. -60.1 849.9 909.9 1,359.2 500.6 336.5 164.1 858.6 7,357.4 7,442.0 7,388.5 4.5 3.3 1996: I.................................................. -83.0 850.2 933.2 1,384.2 516.4 348.4 168.0 867.8 7,456.4 7,550.5 7,475.3 4.7 6.0 II................................................. -93.8 865.0 958.7 1,407.0 524.6 357.3 167.3 882.4 7,584.3 7,701.5 7,610.5 7.7 8.2 III................................................ -114.0 836.7 977.6 1,413.5 521.6 354.8 166.8 891.9 7,638.9 7,790.0 7,669.1 3.6 4.7 IV................................................. -88.6 904.6 993.2 1,422.3 517.6 350.6 167.0 904.7 7,761.0 7,881.5 7,796.1 6.2 4.8 1997: I.................................................. -98.8 922.2 1,021.0 1,433.1 516.1 343.3 172.8 917.0 7,867.4 8,032.4 7,919.2 7.4 7.9 II................................................. -88.7 960.3 1,049.0 1,449.0 526.1 350.6 175.5 923.0 7,953.2 8,123.1 8,013.6 5.2 4.6 III................................................ -111.3 965.8 1,077.1 1,457.9 525.7 352.1 173.6 932.3 8,075.3 8,235.6 8,103.5 4.6 5.7 IV p............................................... -87.9 986.9 1,074.8 1,475.6 531.1 357.1 174.0 944.4 8,179.3 8,329.4 ......... 5.9 4.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.