[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-2.--Real gross domestic product, 1959-97 [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.............................................................. 2,210.2 1,394.6 ........ ......... ........ 271.7 ........ ........ .......... ........ ........... 13.2 1960.............................................................. 2,262.9 1,432.6 ........ ......... ........ 270.5 ........ ........ .......... ........ ........... 10.5 1961.............................................................. 2,314.3 1,461.5 ........ ......... ........ 267.6 ........ ........ .......... ........ ........... 8.6 1962.............................................................. 2,454.8 1,533.8 ........ ......... ........ 302.1 ........ ........ .......... ........ ........... 19.5 1963.............................................................. 2,559.4 1,596.6 ........ ......... ........ 321.6 ........ ........ .......... ........ ........... 17.8 1964.............................................................. 2,708.4 1,692.3 ........ ......... ........ 348.3 ........ ........ .......... ........ ........... 15.6 1965.............................................................. 2,881.1 1,799.1 ........ ......... ........ 397.2 ........ ........ .......... ........ ........... 30.3 1966.............................................................. 3,069.2 1,902.0 ........ ......... ........ 430.6 ........ ........ .......... ........ ........... 42.4 1967.............................................................. 3,147.2 1,958.6 ........ ......... ........ 411.8 ........ ........ .......... ........ ........... 32.0 1968.............................................................. 3,293.9 2,070.2 ........ ......... ........ 433.3 ........ ........ .......... ........ ........... 26.9 1969.............................................................. 3,393.6 2,147.5 ........ ......... ........ 458.3 ........ ........ .......... ........ ........... 27.0 1970.............................................................. 3,397.6 2,197.8 ........ ......... ........ 426.1 ........ ........ .......... ........ ........... 5.4 1971.............................................................. 3,510.0 2,279.5 ........ ......... ........ 474.9 ........ ........ .......... ........ ........... 22.3 1972.............................................................. 3,702.3 2,415.9 ........ ......... ........ 531.8 ........ ........ .......... ........ ........... 24.7 1973.............................................................. 3,916.3 2,532.6 ........ ......... ........ 595.5 ........ ........ .......... ........ ........... 37.7 1974.............................................................. 3,891.2 2,514.7 ........ ......... ........ 546.5 ........ ........ .......... ........ ........... 23.4 1975.............................................................. 3,873.9 2,570.0 ........ ......... ........ 446.6 ........ ........ .......... ........ ........... -10.2 1976.............................................................. 4,082.9 2,714.3 ........ ......... ........ 537.4 ........ ........ .......... ........ ........... 29.8 1977.............................................................. 4,273.6 2,829.8 ........ ......... ........ 622.1 ........ ........ .......... ........ ........... 38.8 1978.............................................................. 4,503.0 2,951.6 ........ ......... ........ 693.4 ........ ........ .......... ........ ........... 43.3 1979.............................................................. 4,630.6 3,020.2 ........ ......... ........ 709.7 ........ ........ .......... ........ ........... 23.4 1980.............................................................. 4,615.0 3,009.7 ........ ......... ........ 628.3 ........ ........ .......... ........ ........... -10.2 1981.............................................................. 4,720.7 3,046.4 ........ ......... ........ 686.0 ........ ........ .......... ........ ........... 33.1 1982.............................................................. 4,620.3 3,081.5 285.5 1,080.6 1,728.2 587.2 610.4 464.3 207.2 260.3 140.1 -15.6 1983.............................................................. 4,803.7 3,240.6 327.4 1,112.4 1,809.0 642.1 654.2 456.4 185.7 272.4 197.6 -5.7 1984.............................................................. 5,140.1 3,407.6 374.9 1,151.8 1,883.0 833.4 762.4 535.4 212.2 324.6 226.4 75.3 1985.............................................................. 5,323.5 3,566.5 411.4 1,178.3 1,977.3 823.8 799.3 568.4 227.8 342.4 229.5 30.2 1986.............................................................. 5,487.7 3,708.7 448.4 1,215.9 2,041.4 811.8 805.0 548.5 203.3 345.9 257.0 11.1 1987.............................................................. 5,649.5 3,822.3 454.9 1,239.3 2,126.9 821.5 799.4 542.4 195.9 346.9 257.6 26.4 1988.............................................................. 5,865.2 3,972.7 483.5 1,274.4 2,212.4 828.2 818.3 566.0 196.8 369.2 252.5 11.7 1989.............................................................. 6,062.0 4,064.6 496.2 1,303.5 2,262.3 863.5 832.0 588.8 201.2 387.6 243.2 33.3 1990.............................................................. 6,136.3 4,132.2 493.3 1,316.1 2,321.3 815.0 805.8 585.2 203.3 381.9 220.6 10.4 1991.............................................................. 6,079.4 4,105.8 462.0 1,302.9 2,341.0 738.1 741.3 547.7 181.6 366.2 193.4 -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 7.0 1993.............................................................. 6,389.6 4,343.6 523.8 1,351.0 2,468.9 863.6 842.8 600.2 170.8 429.6 242.6 22.1 1994.............................................................. 6,610.7 4,486.0 561.2 1,389.9 2,535.5 975.7 915.5 648.4 172.5 476.8 267.0 60.6 1995.............................................................. 6,742.1 4,595.3 583.6 1,412.6 2,599.6 991.5 962.1 706.5 179.9 528.3 257.0 27.3 1996.............................................................. 6,928.4 4,714.1 611.1 1,432.3 2,671.0 1,069.1 1,041.7 771.7 188.7 586.0 272.1 25.0 1997 p............................................................ 7,191.4 4,869.7 645.8 1,459.3 2,765.2 1,192.2 1,122.3 846.7 195.4 657.4 279.7 62.2 1992: I........................................................... 6,175.7 4,173.8 476.1 1,314.4 2,383.2 758.2 758.3 544.4 172.7 371.7 213.9 -.5 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 11.0 III......................................................... 6,260.7 4,226.7 491.9 1,321.1 2,413.6 798.5 787.3 560.6 167.4 393.1 226.7 12.0 IV.......................................................... 6,327.1 4,282.3 505.0 1,339.8 2,437.6 812.2 805.8 569.1 165.6 403.5 236.7 5.6 1993: I........................................................... 6,327.9 4,286.8 504.0 1,337.5 2,445.3 845.5 814.8 577.8 168.0 409.8 237.0 32.3 II.......................................................... 6,359.9 4,322.8 519.3 1,347.8 2,455.9 846.1 831.1 595.1 170.3 424.9 236.1 16.6 III......................................................... 6,393.5 4,366.6 529.9 1,356.8 2,480.0 858.6 844.5 602.3 171.7 430.7 242.2 15.3 IV.......................................................... 6,476.9 4,398.0 542.1 1,361.8 2,494.4 904.0 880.8 625.6 173.1 452.9 255.1 24.2 1994: I........................................................... 6,524.5 4,439.4 550.7 1,378.4 2,510.9 939.9 887.8 626.2 166.3 460.6 261.3 53.1 II.......................................................... 6,600.3 4,472.2 555.8 1,385.5 2,531.4 987.8 913.2 641.2 174.5 467.3 271.5 75.9 III......................................................... 6,629.5 4,498.2 561.7 1,393.2 2,543.8 972.2 922.7 653.2 174.0 480.0 269.4 49.7 IV.......................................................... 6,688.6 4,534.1 576.6 1,402.5 2,555.9 1,003.0 938.5 672.9 175.0 499.1 265.9 63.6 1995: I........................................................... 6,703.7 4,551.3 572.2 1,408.4 2,571.2 1,005.8 955.8 695.7 179.0 518.1 261.2 48.5 II.......................................................... 6,708.8 4,583.5 577.7 1,411.6 2,594.5 977.5 954.0 705.4 180.9 525.9 250.4 21.6 III......................................................... 6,759.2 4,612.9 590.8 1,413.9 2,608.7 982.0 962.3 708.2 181.2 528.5 255.5 17.0 IV.......................................................... 6,796.5 4,633.5 593.7 1,416.3 2,623.8 1,000.8 976.3 716.8 178.6 540.5 260.8 22.2 1996: I........................................................... 6,826.4 4,669.4 600.7 1,422.5 2,646.5 1,012.2 1,001.5 736.9 182.1 557.4 266.1 8.0 II.......................................................... 6,926.0 4,712.2 614.8 1,431.6 2,666.5 1,059.2 1,035.7 759.7 185.6 577.1 277.2 21.3 III......................................................... 6,943.8 4,718.2 611.9 1,433.9 2,672.8 1,100.3 1,060.9 789.3 190.0 602.9 274.1 37.9 IV.......................................................... 7,017.4 4,756.4 617.1 1,441.2 2,698.2 1,104.8 1,068.7 800.8 196.9 606.7 271.1 32.9 1997: I........................................................... 7,101.6 4,818.1 637.8 1,457.8 2,723.9 1,149.2 1,079.0 808.9 195.9 616.6 273.3 63.7 II.......................................................... 7,159.6 4,829.4 629.0 1,450.0 2,749.8 1,197.1 1,111.4 837.0 193.5 649.3 278.2 77.6 III......................................................... 7,214.0 4,896.2 656.1 1,465.5 2,776.1 1,204.6 1,149.3 874.5 196.7 685.3 280.1 47.5 IV p........................................................ 7,290.3 4,935.0 660.3 1,464.1 2,811.0 1,217.9 1,149.6 866.5 195.3 678.5 287.1 59.9 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ See next page for continuation of table. Table B-2.--Real gross domestic product, 1959-97--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 services investment from preceding -------------------------------------------------------------------------------- Final Gross Adden- period Federal sales domes- dum: -------------------- Year or quarter ------------------------------- of tic pur- Gross Gross Gross Net State domes- chases national domes- domes- exports Exports Imports Total Nation- Non- de- and tic \1\ prod- uct tic tic pur- Total al de- fense local product \2\ prod- chases fense uct \1\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959....................................................... ........ 71.9 106.6 618.5 ........ ......... ........ ....... 2,206.9 2,268.0 2,222.0 7.4 7.8 1960....................................................... ........ 86.8 108.1 617.2 ........ ......... ........ ....... 2,264.2 2.304.1 2,276.0 2.4 1.6 1961....................................................... ........ 88.3 107.3 647.2 ........ ......... ........ ....... 2,318.0 2,354.3 2,329.1 2.3 2.2 1962....................................................... ........ 93.0 119.5 686.0 ........ ......... ........ ....... 2,445.4 2,503.0 2,471.5 6.1 6.3 1963....................................................... ........ 100.0 122.7 701.9 ........ ......... ........ ....... 2,552.4 2,604.2 2,577.3 4.3 4.0 1964....................................................... ........ 113.3 129.2 715.9 ........ ......... ........ ....... 2,705.1 2,745.9 2,727.8 5.8 5.4 1965....................................................... ........ 115.6 143.0 737.6 ........ ......... ........ ....... 2,860.4 2,932.1 2,901.4 6.4 6.8 1966....................................................... ........ 123.4 164.2 804.6 ........ ......... ........ ....... 3,033.5 3,134.0 3,087.8 6.5 6.9 1967....................................................... ........ 126.1 176.2 865.6 ........ ......... ........ ....... 3,125.1 3,221.1 3,166.4 2.5 2.8 1968....................................................... ........ 135.3 202.5 892.4 ........ ......... ........ ....... 3,278.0 3,382.7 3,314.5 4.7 5.0 1969....................................................... ........ 142.7 214.0 887.5 ........ ......... ........ ....... 3,377.2 3,485.6 3,413.3 3.0 3.0 1970....................................................... ........ 158.1 223.1 866.8 ........ ......... ........ ....... 3,406.5 3,478.5 3,417.1 .1 -.2 1971....................................................... ........ 159.2 235.0 851.0 ........ ......... ........ ....... 3,499.8 3,602.4 3,532.1 3.3 3.6 1972....................................................... ........ 172.0 261.0 854.1 ........ ......... ........ ....... 3,689.5 3,806.2 3,726.3 5.5 5.7 1973....................................................... ........ 209.6 272.6 848.4 ........ ......... ........ ....... 3,883.9 3,989.3 3,950.1 5.8 4.8 1974....................................................... ........ 229.8 265.3 862.9 ........ ......... ........ ....... 3,873.4 3,928.6 3,930.2 -.6 -1.5 1975....................................................... ........ 228.2 235.4 876.3 ........ ......... ........ ....... 3,906.4 3,875.9 3,903.3 -.4 -1.3 1976....................................................... ........ 241.6 281.5 876.8 ........ ......... ........ ....... 4,061.7 4,124.6 4,118.8 5.4 6.4 1977....................................................... ........ 247.4 311.6 884.7 ........ ......... ........ ....... 4,240.8 4,345.7 4,314.5 4.7 5.4 1978....................................................... ........ 273.1 338.6 910.6 ........ ......... ........ ....... 4,464.4 4,574.9 4,543.7 5.4 5.3 1979....................................................... ........ 299.0 344.3 924.9 ........ ......... ........ ....... 4,614.4 4,674.6 4,687.4 2.8 2.2 1980....................................................... ........ 331.4 321.3 941.4 ........ ......... ........ ....... 4,641.9 4,581.5 4,670.8 -.3 -2.0 1981....................................................... ........ 335.3 329.7 947.7 ........ ......... ........ ....... 4,691.6 4,693.1 4,769.9 2.3 2.4 1982....................................................... -14.1 311.4 325.5 960.1 429.4 316.5 113.3 531.4 4,651.2 4,619.3 4,662.0 -2.1 -1.6 1983....................................................... -63.3 303.3 366.6 987.3 452.7 334.6 118.5 534.9 4,821.2 4,864.3 4,844.8 4.0 5.3 1984....................................................... -127.3 328.4 455.7 1,018.4 463.7 348.1 115.9 555.0 5,061.6 5,276.2 5,178.0 7.0 8.5 1985....................................................... -147.9 337.3 485.2 1,080.1 495.6 374.1 121.8 584.7 5,296.9 5,482.8 5,346.7 3.6 3.9 1986....................................................... -163.9 362.2 526.1 1,135.0 518.4 393.4 125.2 616.9 5,480.9 5,663.9 5,501.2 3.1 3.3 1987....................................................... -156.2 402.0 558.2 1,165.9 534.4 409.2 125.3 631.8 5,626.0 5,816.7 5,658.2 2.9 2.7 1988....................................................... -114.4 465.8 580.2 1,180.9 524.6 405.5 119.1 656.6 5,855.1 5,986.1 5,878.5 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 6,147.8 6,075.7 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 6,199.8 6,157.0 1.2 .8 1991....................................................... -22.3 599.9 622.2 1,258.0 539.4 397.5 142.0 718.7 6,082.6 6,101.6 6,094.9 -.9 -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....................................................... -70.2 658.2 728.4 1,252.1 505.7 354.4 151.2 746.4 6,368.9 6,459.0 6,408.0 2.3 2.9 1994....................................................... -104.6 712.4 817.0 1,252.3 486.6 336.9 149.5 765.7 6,551.2 6,712.7 6,619.1 3.5 3.9 1995....................................................... -98.8 791.2 890.1 1,251.9 470.3 322.6 147.5 781.6 6,712.7 6,837.5 6,748.7 2.0 1.9 1996....................................................... -114.4 857.0 971.5 1,257.9 464.2 317.8 146.1 793.7 6,901.0 7,037.7 6,932.0 2.8 2.9 1997 p..................................................... -142.1 964.4 1,106.5 1,270.6 457.8 309.0 148.3 812.9 7,124.2 7,323.4 .......... 3.8 4.1 1992: I.................................................... -14.8 633.0 647.8 1,258.5 525.1 374.2 150.8 733.5 6,175.8 6,190.3 6,192.0 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 6,246.9 6,225.2 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 6,291.7 6,270.3 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 6,367.0 6,334.6 4.3 4.9 1993: I.................................................... -54.7 647.2 701.9 1,250.1 512.1 359.2 152.9 738.0 6,297.3 6,382.3 6,351.3 .1 1.0 II................................................... -62.6 660.1 722.7 1,253.1 507.8 356.7 151.1 745.3 6,344.9 6,422.0 6,375.9 2.0 2.5 III.................................................. -83.1 646.3 729.4 1,250.5 501.5 351.1 150.3 749.1 6,379.3 6,475.6 6,415.3 2.1 3.4 IV................................................... -80.5 679.1 759.7 1,254.7 501.3 350.8 150.4 753.4 6,453.8 6,556.2 6,489.7 5.3 5.1 1994: I.................................................... -97.6 676.0 773.6 1,241.9 487.2 335.1 151.9 754.7 6,473.0 6,620.2 6,540.5 3.0 4.0 II................................................... -103.9 704.1 808.0 1,243.3 481.2 335.9 145.1 762.2 6,526.7 6,701.8 6,609.3 4.7 5.0 III.................................................. -111.1 722.1 833.2 1,268.1 496.4 347.0 149.4 771.7 6,580.4 6,737.5 6,635.6 1.8 2.1 IV................................................... -105.9 747.3 853.2 1,255.8 481.7 329.6 151.7 774.1 6,624.8 6,791.3 6,691.2 3.6 3.2 1995: I.................................................... -113.5 760.4 873.9 1,257.7 480.4 328.7 151.4 777.3 6,654.3 6,813.2 6,711.3 .9 1.3 II................................................... -112.8 777.4 890.3 1,257.3 474.9 327.4 147.3 782.3 6,685.3 6,817.3 6,721.0 .3 .2 III.................................................. -92.9 802.4 895.4 1,255.0 473.4 324.0 149.1 781.5 6,739.3 6,848.9 6,758.3 3.0 1.9 IV................................................... -76.1 824.6 900.7 1,237.7 452.6 310.3 142.1 785.1 6,771.9 6,870.4 6,804.2 2.2 1.3 1996: I.................................................... -100.8 828.2 929.0 1,243.2 460.9 314.9 145.7 782.4 6,815.0 6,923.2 6,834.7 1.8 3.1 II................................................... -112.6 847.4 960.0 1,265.1 470.7 323.2 147.2 794.4 6,902.3 7,033.6 6,930.1 6.0 6.5 III.................................................. -138.9 851.4 990.2 1,261.5 465.7 319.4 146.0 795.9 6,905.0 7,075.3 6,940.2 1.0 2.4 IV................................................... -105.6 901.1 1,006.6 1,261.8 459.6 313.6 145.7 802.3 6,981.7 7,118.4 7,023.1 4.3 2.5 1997: I.................................................... -126.3 922.7 1,048.9 1,260.5 452.8 303.9 148.5 807.7 7,034.1 7,220.9 7,091.8 4.9 5.9 II................................................... -136.6 962.5 1,099.1 1,270.1 460.1 309.4 150.2 810.1 7,077.7 7,286.9 7,144.4 3.3 3.7 III.................................................. -164.1 973.0 1,137.1 1,273.4 458.8 310.3 148.0 814.7 7,160.3 7,364.6 7,198.8 3.1 4.3 IV . 4.3 3.1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.