[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-97 [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Gross saving --------------------------------------------------------------------------------------------------------------------------------------- Gross private saving Gross government saving ---------------------------------------------------------------------------------------------------------------------- Gross business saving Federal State and local Capi- --------------------------------- ------------------------------------------------------------- tal Year or quarter Corporate Current Current grants Total Per- Undis- and non- received Total sonal trib- uted- corporate Total Consumption surplus Consumption surplus by the saving Total corpo- consump- Total of fixed or Total of fixed or United \1\ rate tion of capital deficit capital deficit States profits fixed (-) (-) (net) \2\ capital (NIPA) (NIPA) \3\ -------------------------------------------------------------------------------------------------------------------------------------------------------- 1959............ 108.5 82.3 25.2 57.1 16.5 40.5 26.2 12.8 10.2 2.6 13.5 3.9 9.6 ........ 1960............ 113.4 81.6 24.2 57.4 15.3 42.1 31.8 17.8 10.5 7.4 14.0 4.0 9.9 ........ 1961............ 116.3 88.0 29.2 58.8 15.7 43.1 28.3 13.6 10.7 2.9 14.7 4.3 10.4 ........ 1962............ 126.8 96.5 30.4 66.1 21.5 44.6 30.3 14.0 11.2 2.8 16.3 4.6 11.7 ........ 1963............ 134.9 99.8 29.5 70.2 24.0 46.2 35.1 17.2 11.8 5.4 17.9 4.9 13.0 ........ 1964............ 145.3 112.3 36.4 75.9 27.3 48.7 32.9 13.0 12.1 .9 19.9 5.2 14.7 ........ 1965............ 160.4 123.8 38.7 85.1 33.1 52.0 36.6 15.9 12.5 3.4 20.8 5.7 15.1 ........ 1966............ 171.1 131.9 40.1 91.9 35.2 56.7 39.2 15.6 13.0 2.6 23.5 6.3 17.3 ........ 1967............ 173.8 144.1 49.9 94.2 32.7 61.5 29.7 5.6 13.9 -8.3 24.1 6.8 17.3 ........ 1968............ 185.1 145.4 47.8 97.6 30.2 67.3 39.7 12.0 14.9 -2.8 27.6 7.6 20.0 ........ 1969............ 202.1 148.2 47.9 100.3 26.0 74.2 53.9 24.3 15.6 8.7 29.6 8.5 21.1 ........ 1970............ 197.3 163.8 62.0 101.8 20.7 81.2 32.6 2.2 16.2 -14.1 30.4 9.6 20.8 0.9 1971............ 214.3 189.7 69.9 119.8 30.5 88.9 23.9 -8.5 16.9 -25.3 32.4 10.7 21.7 .7 1972............ 243.9 201.7 65.2 136.5 39.0 97.8 41.5 -2.4 18.2 -20.5 43.9 11.7 32.2 .7 1973............ 296.4 241.3 91.5 149.7 42.7 107.1 55.1 8.7 19.9 -11.1 46.4 13.0 33.4 0 1974............ 301.2 251.7 100.2 151.5 27.0 124.5 51.5 5.1 22.0 -16.9 46.5 16.0 30.5 \6\-2.0 1975............ 297.3 301.2 107.8 193.5 47.2 146.3 -3.9 -49.9 24.0 -73.9 46.0 18.4 27.6 0 1976............ 340.0 316.5 100.4 216.1 54.8 161.3 23.5 -31.9 25.4 -57.2 55.3 19.4 35.9 0 1977............ 394.7 348.6 97.2 251.4 70.5 181.0 46.1 -19.3 27.0 -46.3 65.4 20.7 44.7 0 1978............ 476.9 404.5 118.2 286.3 79.5 206.8 72.4 -2.8 28.9 -31.7 75.1 22.5 52.6 0 1979............ 540.6 448.8 136.2 312.5 72.6 239.9 90.7 13.0 31.5 -18.4 77.7 25.4 52.3 1.1 1980............ 547.2 489.2 169.1 320.1 44.1 276.0 56.8 -26.8 34.1 -61.0 83.6 29.2 54.4 1.2 1981............ 650.8 581.7 207.2 374.4 56.4 318.1 68.1 -20.6 37.1 -57.8 88.7 33.3 55.4 1.1 1982............ 604.3 609.6 214.0 395.6 49.4 346.2 -5.3 -92.8 41.9 -134.7 87.5 36.2 51.3 0 1983............ 589.0 618.4 176.1 442.4 77.2 365.2 -29.4 -131.8 42.6 -174.4 102.4 37.5 64.9 0 1984............ 750.7 736.7 245.5 491.2 112.8 378.4 14.0 -111.9 44.1 -156.0 125.9 39.0 86.9 0 1985............ 745.6 730.5 216.4 514.1 114.7 399.4 15.2 -116.9 46.1 -162.9 132.0 41.0 91.0 0 1986............ 719.8 708.9 207.4 501.5 77.1 424.4 10.8 -127.9 49.6 -177.5 138.8 43.9 94.9 0 1987............ 779.6 726.0 179.9 546.1 99.1 447.1 53.6 -77.2 51.7 -128.9 130.8 47.1 83.8 0 1988............ 876.0 807.2 200.9 606.3 128.3 478.0 68.8 -67.0 54.3 -121.3 135.8 49.9 85.9 0 1989............ 906.3 814.3 199.4 614.8 99.7 515.1 92.0 -56.4 57.0 -113.4 148.4 53.3 95.1 0 1990............ 903.1 860.3 221.3 639.0 104.7 534.3 42.7 -94.0 60.7 -154.7 136.7 56.6 80.1 0 1991............ 934.0 930.6 259.5 671.2 114.8 556.4 3.3 -132.2 63.9 -196.0 135.5 59.6 75.8 0 1992............ 904.3 970.7 285.6 685.1 115.5 585.4 -66.5 -215.0 65.9 -280.9 148.6 62.3 86.3 0 1993............ 949.5 979.3 248.5 730.8 131.9 594.5 -29.8 -182.7 67.9 -250.7 152.9 65.5 87.4 0 1994............ 1,079. 2 1,030. 2 210.6 819.6 167.6 638.6 49.0 -117.2 69.5 -186.7 166.2 69.4 96.8 0 1995............ 1,165. 5 1,093. 1 254.6 838.5 172.4 653.0 72.4 -103.6 70.9 -174.4 176.0 72.9 103.1 0 1996............ 1,267. 8 1,125. 5 239.6 885.9 202.1 682.8 142.3 -39.2 71.2 -110.5 181.5 76.2 105.3 0 1997 .. 0 1992: I......... 920.3 976.6 277.5 699.1 138.2 560.9 -56.3 -202.2 65.2 -267.4 145.9 61.1 84.8 0 II........ 914.0 979.3 292.9 686.4 121.7 564.7 -65.3 -213.9 65.8 -279.6 148.5 62.0 86.6 0 III....... 899.9 986.7 267.6 719.1 77.6 641.5 -86.9 -231.5 66.0 -297.5 144.6 62.7 82.0 0 IV........ 883.0 940.3 304.5 635.8 124.5 574.3 -57.3 -212.5 66.5 -279.0 155.2 63.5 91.7 0 1993: I......... 932.0 1,001. 1 218.6 782.5 121.9 590.5 -69.1 -211.2 67.0 -278.2 142.1 64.3 77.8 0 II........ 942.1 977.3 269.0 708.3 120.3 588.0 -35.2 -181.7 67.5 -249.2 146.5 65.2 81.3 0 III....... 943.8 973.3 239.0 734.3 133.2 601.1 -29.4 -182.2 68.4 -250.6 152.7 65.8 86.9 0 IV........ 980.1 965.6 267.6 698.0 152.1 598.1 14.5 -155.8 68.8 -224.6 170.4 66.6 103.7 0 1994: I......... 1,062. 4 1,048. 6 165.2 883.4 145.8 685.2 13.8 -139.9 69.1 -209.0 153.7 69.0 84.7 0 II........ 1,065. 5 995.7 212.8 782.9 167.7 614.9 69.7 -93.6 69.6 -163.2 163.3 68.5 94.8 0 III....... 1,071. 0 1,021. 2 222.1 799.1 175.5 623.3 49.7 -118.3 69.3 -187.6 168.0 69.6 98.4 0 IV........ 1,118. 0 1,055. 3 242.4 812.9 181.3 631.2 62.7 -117.0 69.8 -186.8 179.7 70.4 109.3 0 1995: I......... 1,136. 8 1,078. 7 279.2 799.5 148.1 638.2 58.0 -121.2 70.3 -191.5 179.2 71.5 107.7 0 II........ 1,133. 4 1,064. 0 245.4 818.6 158.1 647.4 69.4 -108.6 70.9 -179.5 178.0 72.4 105.6 0 III....... 1,167. 7 1,098. 8 243.8 855.0 187.2 654.7 68.9 -105.5 71.0 -176.5 174.5 73.3 101.1 0 IV........ 1,224. 0 1,130. 7 249.9 880.8 196.0 671.7 93.3 -78.9 71.3 -150.2 172.1 74.3 97.8 0 1996: I......... 1,215. 9 1,119. 3 258.1 861.2 190.8 669.2 96.7 -82.6 71.0 -153.6 179.3 75.2 104.1 0 II........ 1,256. 3 1,106. 3 225.7 880.5 202.6 676.8 150.0 -40.2 71.4 -111.6 190.2 75.8 114.4 0 III....... 1,295. 9 1,145. 1 254.0 891.1 202.3 687.7 150.8 -28.3 71.2 -99.5 179.1 76.5 102.6 0 IV........ 1,303. 0 1,131. 4 220.4 911.0 212.6 697.2 171.6 -5.9 71.3 -77.1 177.5 77.2 100.4 0 1997: I......... 1,332. 9 1,134. 0 215.9 918.1 211.5 705.4 198.9 15.9 71.4 -55.5 182.9 78.2 104.7 0 II........ 1,396. 9 1,178. 1 247.0 931.1 217.6 712.3 218.8 34.7 71.5 -36.8 184.1 79.2 104.9 0 III....... 1,411. 6 1,159. 6 208.2 951.4 230.0 720.4 251.9 60.8 71.6 -10.8 191.1 79.7 111.4 0 IV . 729.9 ...... ....... 71.9 ....... ...... 80.8 ....... 0 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Includes private wage accruals less disbursements not shown separately. \2\ With inventory valuation and capital consumption adjustments. \3\ Consists mainly of allocations of special drawing rights (SDRs). See next page for continuation of table. Table B-32.--Gross saving and investment, 1959-97--Continued [Billions of dollars except as noted; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Gross investment Addenda: ---------------------------------------------------- --------------------- Gross Personal Statistical saving saving as Year or quarter Gross Gross as a a percent Total private government Net foreign discrepancy percent of domestic investment investment of gross disposable investment \4\ \5\ national personal product income -------------------------------------------------------------------------------------------------------------------------------------------------------- 1959............................................................. 106.9 78.8 29.3 -1.2 -1.6 21.3 7.2 1960............................................................. 110.2 78.8 28.2 3.2 -3.2 21.4 6.6 1961............................................................. 113.5 77.9 31.3 4.3 -2.8 21.2 7.7 1962............................................................. 125.0 87.9 33.2 3.9 -1.8 21.5 7.6 1963............................................................. 131.9 93.4 33.5 5.0 -3.0 21.7 7.0 1964............................................................. 143.8 101.7 34.5 7.5 -1.5 21.7 7.9 1965............................................................. 159.6 118.0 35.4 6.2 -.8 22.1 7.8 1966............................................................. 174.4 130.4 40.1 3.9 3.3 21.6 7.5 1967............................................................. 175.1 128.0 43.5 3.5 1.3 20.7 8.7 1968............................................................. 186.0 139.9 44.3 1.7 .9 20.2 7.7 1969............................................................. 200.7 155.0 43.9 1.8 -1.5 20.5 7.2 1970............................................................. 199.1 150.2 44.0 4.9 1.9 18.9 8.5 1971............................................................. 220.4 176.0 43.1 1.3 6.1 18.9 8.8 1972............................................................. 248.1 205.6 45.4 -2.9 4.3 19.6 7.6 1973............................................................. 299.9 242.9 48.3 8.7 3.4 21.2 9.5 1974............................................................. 306.7 245.6 56.0 5.1 5.5 19.9 9.5 1975............................................................. 309.5 225.4 62.7 21.4 12.1 18.1 9.3 1976............................................................. 359.9 286.6 64.4 8.9 19.9 18.5 7.9 1977............................................................. 413.0 356.6 65.4 -9.0 18.2 19.3 6.9 1978............................................................. 494.9 430.8 74.6 -10.4 18.1 20.6 7.5 1979............................................................. 568.7 480.9 85.3 2.6 28.2 20.9 7.7 1980............................................................. 574.8 465.9 96.4 12.5 27.6 19.4 8.5 1981............................................................. 665.7 556.2 102.1 7.4 14.9 20.7 9.4 1982............................................................. 601.8 501.1 106.9 -6.1 -2.5 18.5 9.1 1983............................................................. 626.2 547.1 116.5 -37.3 37.1 16.6 7.0 1984............................................................. 755.7 715.6 131.7 -91.5 5.0 19.1 8.7 1985............................................................. 748.0 715.1 149.9 -116.9 2.4 17.7 7.2 1986............................................................. 743.1 722.5 163.5 -142.9 23.3 16.2 6.5 1987............................................................. 764.2 747.2 173.5 -156.4 -15.4 16.6 5.3 1988............................................................. 828.7 773.9 172.9 -118.1 -47.3 17.3 5.5 1989............................................................. 919.5 829.2 182.7 -92.4 13.2 16.6 5.1 1990............................................................. 920.5 799.7 199.4 -78.6 17.4 15.7 5.3 1991............................................................. 944.0 736.2 200.5 7.3 10.1 15.7 6.0 1992............................................................. 949.1 790.4 209.1 -50.5 44.8 14.5 6.2 1993............................................................. 1,002.1 876.2 204.5 -78.6 52.6 14.4 5.1 1994............................................................. 1,093.8 1,007.9 205.9 -120.0 14.6 15.5 4.2 1995............................................................. 1,137.2 1,038.2 213.4 -114.4 -28.2 16.0 4.8 1996............................................................. 1,207.9 1,116.5 224.3 -132.9 -59.9 16.6 4.3 1997 ... 1,237.6 226.9 ............. ........... ........ 3.8 1992: I.......................................................... 944.8 755.2 209.5 -19.9 24.5 15.0 6.1 II......................................................... 951.3 790.7 209.3 -48.7 37.4 14.7 6.4 III........................................................ 952.5 799.7 208.9 -56.0 52.7 14.3 5.8 IV......................................................... 947.7 816.1 208.8 -77.2 64.6 13.8 6.4 1993: I.......................................................... 1,003.0 854.3 202.9 -54.2 71.0 14.4 4.6 II......................................................... 989.0 857.4 206.5 -74.9 46.9 14.4 5.6 III........................................................ 991.3 872.8 203.4 -84.9 47.5 14.3 4.9 IV......................................................... 1,025.1 920.3 205.2 -100.4 45.0 14.6 5.4 1994: I.......................................................... 1,068.7 963.4 197.0 -91.6 6.3 15.6 3.4 II......................................................... 1,107.8 1,017.9 202.4 -112.5 42.4 15.4 4.2 III........................................................ 1,086.2 1,007.1 213.2 -134.2 15.2 15.3 4.4 IV......................................................... 1,112.6 1,043.1 211.2 -141.8 -5.4 15.8 4.7 1995: I.......................................................... 1,138.0 1,050.8 213.0 -125.8 1.2 15.8 5.3 II......................................................... 1,113.2 1,024.0 215.8 -126.7 -20.2 15.7 4.6 III........................................................ 1,122.7 1,028.8 210.8 -116.9 -45.0 16.0 4.5 IV......................................................... 1,175.1 1,049.1 214.1 -88.0 -48.9 16.6 4.6 1996: I.......................................................... 1,165.6 1,060.5 222.0 -116.9 -50.3 16.3 4.7 II......................................................... 1,206.0 1,105.4 226.3 -125.6 -50.2 16.5 4.1 III........................................................ 1,216.4 1,149.2 223.6 -156.4 -79.5 16.9 4.5 IV......................................................... 1,243.5 1,151.1 225.3 -132.9 -59.5 16.7 3.9 1997: I.......................................................... 1,268.6 1,193.6 223.3 -148.4 -64.3 16.8 3.7 II......................................................... 1,323.4 1,242.0 227.4 -146.0 -73.5 17.4 4.2 III........................................................ 1,308.4 1,250.2 227.1 -168.9 -103.2 17.4 3.5 IV .. ........ 3.9 -------------------------------------------------------------------------------------------------------------------------------------------------------- \4\ For details on government investment, see Table B-20. \5\ Net exports of goods and services plus net receipts of factor income from rest of the world less net transfers plus net capital grants received by the United States. See also Table B-24. \6\ Consists of a U.S. payment to India under the Agricultural Trade Development and Assistance Act. This payment is included in capital grants received by the United States, net. Source: Department of Commerce, Bureau of Economic Analysis.