[Economic Report of the President (1998)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



Table B-5.--Contributions to percent change in real gross domestic product, 1959-97
[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures                    Gross private domestic investment
----------------------------------------------------------------------------------------------------------
Fixed investment
Gross                                                    ------------------------------------------------
domestic                                                                   Nonresidential                   Change
Year or  quarter            product                        Non-                                -----------------------------           in  busi-
(percent   Total    Durable   durable   Services   Total                                 Pro-                 ness
change)              goods     goods                        Total                      ducers'     Resi-    inven-
Total    Struc-   durable    dential   tories
tures     equip-
ment
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................        7.4      3.7       1.1       1.3        1.3      2.9      2.0      0.8      0.1        0.7       1.2       0.9

1960..............................        2.4      1.7        .2        .4        1.1      -.1       .1       .5       .3         .2       -.4       -.2
1961..............................        2.3      1.3       -.3        .5        1.1      -.2      -.1      -.1       .1        -.1       0         -.1
1962..............................        6.1      3.1        .9        .9        1.3      1.8      1.2       .8       .2         .6        .5        .6
1963..............................        4.3      2.5        .8        .6        1.2      1.0      1.0       .5      0           .4        .6       -.1
1964..............................        5.8      3.7        .8       1.3        1.6      1.3      1.4      1.1       .4         .7        .3       -.1
1965..............................        6.4      3.9       1.1       1.4        1.4      2.2      1.5      1.6       .6        1.1       -.2        .7
1966..............................        6.5      3.5        .7       1.5        1.3      1.4       .8      1.2       .3        1.0       -.4        .6
1967..............................        2.5      1.8        .1        .4        1.3      -.7      -.3      -.2      -.1        -.1       -.1       -.4
1968..............................        4.7      3.5        .9       1.2        1.4       .8      1.0       .4       .1         .4        .5       -.2
1969..............................        3.0      2.3        .3        .7        1.3       .9       .9       .7       .2         .5        .1       0

1970..............................         .1      1.4       -.3        .6        1.1     -1.1      -.4      -.1      0          -.1       -.3       -.7
1971..............................        3.3      2.3        .8        .5        1.0      1.7      1.1      0        -.1         .1       1.1        .6
1972..............................        5.5      3.7       1.1       1.1        1.5      1.9      1.8       .9       .1         .8        .9        .1
1973..............................        5.8      3.0        .9        .8        1.3      2.0      1.4      1.5       .3        1.2       0          .6
1974..............................        -.6      -.4       -.6       -.5         .7     -1.4     -1.1       .1      -.1         .1      -1.1       -.4
1975..............................        -.4      1.4       0          .4        1.0     -3.0     -1.8     -1.2      -.4        -.7       -.6      -1.3
1976..............................        5.4      3.5       1.0       1.3        1.2      2.8      1.4       .5       .1         .4        .9       1.4
1977..............................        4.7      2.7        .8        .7        1.2      2.5      2.2      1.2       .2        1.0       1.0        .3
1978..............................        5.4      2.7        .5        .9        1.4      2.0      1.9      1.5       .4        1.1        .4        .2
1979..............................        2.8      1.5       0          .6         .9       .4       .9      1.1       .5         .6       -.2       -.5

1980..............................        -.3      -.2       -.7       -.1         .6     -2.2     -1.2      -.1       .3        -.4      -1.2       -.9
1981..............................        2.3       .8        .1        .2         .5      1.5       .3       .7       .4         .3       -.4       1.2
1982..............................       -2.1       .7       0          .1         .6     -2.6     -1.3      -.6      -.1        -.5       -.7      -1.3
1983..............................        4.0      3.3       1.1        .7        1.5      1.4      1.1      -.2      -.5         .3       1.3        .3
1984..............................        7.0      3.3       1.1        .8        1.4      4.6      2.6      1.9       .6        1.3        .6       2.0
1985..............................        3.6      3.0        .8        .5        1.7      -.2       .8       .7       .3         .4        .1      -1.0
1986..............................        3.1      2.6        .8        .7        1.1      -.3       .1      -.4      -.5         .1        .5       -.4
1987..............................        2.9      2.0        .1        .4        1.5       .2      -.1      -.1      -.1        0         0          .3
1988..............................        3.8      2.6        .6        .6        1.4       .1       .4       .5      0           .4       -.1       -.2
1989..............................        3.4      1.5        .2        .5         .8       .6       .3       .4       .1         .3       -.2        .4

1990..............................        1.2      1.1       -.1        .2         .9      -.8      -.5      -.1      0          -.1       -.4       -.4
1991..............................        -.9      -.4       -.5       -.2         .3     -1.3     -1.1      -.6      -.4        -.3       -.5       -.2
1992..............................        2.7      1.9        .4        .3        1.1       .8       .7       .1      -.2         .3        .5        .2
1993..............................        2.3      2.0        .6        .5        1.0      1.2       .9       .7      0           .6        .3        .2
1994..............................        3.5      2.2        .6        .6        1.1      1.7      1.1       .7      0           .7        .4        .6
1995..............................        2.0      1.7        .3        .3        1.0       .2       .7       .8       .1         .7       -.2       -.5
1996..............................        2.8      1.8        .4        .3        1.1      1.1      1.1       .9       .1         .8        .2       0
1997 p............................        3.8      2.2        .4        .4        1.4      1.6      1.0       .9       .1         .8        .1        .5

1992: I...........................        4.7      4.3       1.0       1.2        2.0      -.3      1.1       .3       .1         .2        .8      -1.4
II..........................        2.5      1.5        .3       -.2        1.3      2.3      1.6       .9      -.1        1.0        .7        .7
III.........................        3.0      2.0        .7        .6         .7       .4       .3       .2      -.2         .4        .1       0
IV..........................        4.3      3.6        .8       1.2        1.6       .9      1.2       .5      -.1         .7        .6       -.3

1993: I...........................         .1       .5       -.1       -.2         .8      3.4       .9       .9       .3         .6       0         2.5
II..........................        2.0      2.3       1.0        .7         .7      0        1.0      1.1       .1        1.0       -.1      -1.0
III.........................        2.1      2.8        .7        .6        1.6       .8       .8       .4       .1         .4        .4       -.1
IV..........................        5.3      2.0        .8        .3         .9      2.8      2.3      1.4       .1        1.3        .8        .6

1994: I...........................        3.0      2.6        .5       1.0        1.0      2.2       .4      0        -.4         .5        .4       1.8
II..........................        4.7      2.0        .3        .4        1.3      2.9      1.5       .9       .5         .4        .6       1.4
III.........................        1.8      1.6        .3        .5         .8      -.9       .6       .7      0           .7       -.1      -1.5
IV..........................        3.6      2.2        .9        .5         .7      1.8       .9      1.1       .1        1.1       -.2        .9

21995: I..........................         .9      1.0       -.3        .3         .9       .2      1.0      1.3       .2        1.0       -.3       -.8
II..........................         .3      1.9        .3        .2        1.4     -1.7      -.1       .6       .1         .4       -.7      -1.6
III.........................        3.0      1.8        .7        .1         .9       .3       .5       .2      0           .1        .3       -.2
IV..........................        2.2      1.2        .2        .1         .9      1.1       .8       .5      -.2         .6        .3        .3

1996: I...........................        1.8      2.1        .4        .4        1.4       .6      1.4      1.1       .2         .9        .3       -.8
II..........................        6.0      2.5        .8        .5        1.2      2.6      1.9      1.3       .2        1.0        .7        .7
III.........................        1.0       .4       -.2        .1         .4      2.3      1.4      1.6       .3        1.3       -.2        .8
IV..........................        4.3      2.2        .3        .4        1.5       .2       .4       .6       .4         .2       -.2       -.2

21997: I..........................        4.9      3.6       1.1        .9        1.5      2.4       .6       .4      -.1         .5        .1       1.8
II..........................        3.3       .6       -.5       -.4        1.5      2.5      1.7      1.4      -.1        1.6        .3        .8
III.........................        3.1      3.8       1.4        .8        1.5       .4      2.0      1.9       .2        1.7        .1      -1.6
IV p........................        4.3      2.2        .2       -.1        2.0       .7      0        -.4      -.1        -.3        .4        .7
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See next page for continuation of table.


Table B-5.--Contributions to percent change in real gross domestic product, 1959-97--Continued
[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Net exports of  goods and services                    Government consumption expenditures  and gross
----------------------------------------------------------------------                    investment
Exports                       Imports           ------------------------------------------------
Year or  quarter                    -----------------------------------------------------------                     Federal
Net                                                                        ------------------------------   State
exports    Total     Goods     Serv-     Total     Goods   Services   Total             National    Non-       and
ices                                            Total    defense    defense    local
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959.............................       -0.4      0         0         0.1       -0.5     -0.5       0        1.3      1.0        0.3       0.7       0.3

1960.............................         .8       .8        .8        .1        -.1      0         -.1      0        -.4        -.2       -.2        .4
1961.............................         .1       .1       0          .1        0        0         0        1.0       .5         .4        .1        .6
1962.............................        -.2       .3        .2        .1        -.5      -.4       -.1      1.3      1.1         .6        .4        .3
1963.............................         .2       .4        .3        .1        -.1      -.1       0         .5      0          -.3        .2        .6
1964.............................         .4       .6        .5        .1        -.2      -.2       0         .4      -.2        -.4        .2        .7
1965.............................        -.3       .1       0          .1        -.5      -.4       0         .7      0          -.2        .2        .7
1966.............................        -.3       .3        .3        .1        -.7      -.5       -.2      1.9      1.3        1.3       0          .6
1967.............................        -.2       .1       0          .1        -.3      -.2       -.2      1.7      1.2        1.2       0          .5
1968.............................        -.3       .4        .3        .1        -.7      -.7       0         .7       .1         .2       -.1        .6
1969.............................        0         .3        .2        .1        -.3      -.2       -.1      -.1      -.4        -.5        .1        .3

1970.............................         .3       .5        .4        .1        -.2      -.1       -.1      -.5      -.8        -.8       0          .3
1971.............................        -.3      0         0          .1        -.3      -.3       0        -.4      -.8        -.9        .1        .4
1972.............................        -.2       .4        .4       0          -.6      -.6       0         .1      -.2        -.3        .2        .3
1973.............................         .9      1.2       1.0        .2        -.3      -.3        .1      -.1      -.5        -.5       0          .4
1974.............................         .9       .7        .5        .2         .2       .2       0         .4      -.1        -.2        .1        .4
1975.............................         .9      -.1       -.2        .1        1.0       .9        .1       .3      0          -.1        .1        .4
1976.............................       -1.0       .5        .3        .2       -1.5     -1.4       -.1      0        -.1        -.1       0          .1
1977.............................        -.7       .2        .1        .1        -.9      -.8       -.1       .2       .1        0          .1       0
1978.............................        0         .8        .7        .1        -.8      -.7       -.1       .6       .2        0          .2        .4
1979.............................         .6       .8        .8       0          -.2      -.1       0         .3       .1         .1       0          .2

1980.............................        1.7      1.0        .9        .1         .7       .7       0         .4       .4         .2        .1       0
1981.............................        -.2       .1       -.1        .2        -.3      -.2       -.1       .1       .4         .3       0         -.2
1982.............................        -.6      -.7       -.7       0           .1       .2       -.1       .3       .3         .5       -.2       0
1983.............................       -1.4      -.2       -.2       0         -1.1     -1.0       -.1       .6       .5         .4        .1        .1
1984.............................       -1.6       .6        .5        .2       -2.2     -1.8       -.4       .7       .2         .3       -.1        .4
1985.............................        -.4       .2        .2       0          -.7      -.5       -.1      1.2       .7         .5        .1        .6
1986.............................        -.3       .5        .3        .3        -.8      -.8       0        1.1       .4         .4        .1        .6
1987.............................         .2       .8        .6        .2        -.6      -.4       -.2       .6       .3         .3       0          .3
1988.............................         .8      1.2       1.0        .2        -.4      -.4       -.1       .3      -.2        -.1       -.1        .4
1989.............................         .6      1.0        .8        .2        -.4      -.4       -.1       .6       .1        -.1        .2        .4

1990.............................         .4       .8        .6        .2        -.4      -.3       -.1       .6       .2        0          .2        .4
1991.............................         .7       .6        .5        .1         .1      0          .1       .1      0          -.1       0          .2
1992.............................        -.1       .6        .5        .2        -.7      -.8       0         .1      -.2        -.4        .2        .3
1993.............................        -.6       .3        .2        .1        -.9      -.9       0        -.2      -.4        -.3       0          .2
1994.............................        -.5       .8        .7        .1       -1.3     -1.2       -.1      0        -.3        -.3       0          .3
1995.............................         .1      1.1        .9        .2       -1.0      -.9       -.1      0        -.2        -.2       0          .2
1996.............................        -.2       .9        .7        .2       -1.1     -1.0       -.1       .1      -.1        -.1       0          .2
1997 p...........................        -.3      1.3       1.2        .2       -1.6     -1.4       -.2       .2      -.1        -.1       0          .3

1992: I..........................         .2       .6        .4        .2        -.4      -.4       -.1       .5      -.1        -.5        .4        .6
II.........................       -1.2       .2        .3       -.1       -1.4     -1.5        .1      -.1      -.1        -.1       -.1        .1
III........................         .1       .2        .2       0          -.1      -.6        .4       .6       .4         .4        .1        .2
IV.........................        -.6       .6        .8       -.2       -1.2      -.6       -.6       .4       .3        -.1        .4        .1

1993: I..........................       -1.5      -.2       -.7        .5       -1.3     -1.7        .4     -2.3     -2.2       -1.8       -.4       -.1
II.........................        -.5       .8        .7        .1       -1.3     -1.2       -.1       .2      -.3        -.2       -.1        .5
III........................       -1.3      -.9       -.8       0          -.4      -.3       -.1      -.2      -.4        -.4       -.1        .2
IV.........................         .2      2.0       1.9        .1       -1.8     -1.5       -.3       .3      0          0         0          .3

1994: I..........................       -1.0      -.2       -.3        .1        -.8      -.8       -.1      -.8      -.9       -1.0        .1        .1
II.........................        -.3      1.7       1.3        .4       -2.0     -1.9       -.1       .1      -.4        0         -.4        .5
III........................        -.4      1.0       1.0        .1       -1.4     -1.4       0        1.5       .9         .7        .3        .6
IV.........................         .3      1.4       1.2        .2       -1.1     -1.1       0        -.7      -.9       -1.0        .1        .1

21995: I.........................        -.4       .7        .5        .2       -1.1      -.6       -.4       .1      -.1        -.1       0          .2
II.........................         .1      1.0        .9        .1        -.9     -1.0        .1      0        -.3        -.1       -.3        .3
III........................        1.1      1.4        .8        .6        -.2      -.1       -.2      -.1      -.1        -.2        .1       0
IV.........................        1.0      1.2       1.0        .2        -.3      -.2       0       -1.0     -1.2        -.8       -.4        .2

21996: I.........................       -1.3       .2        .3       -.1       -1.5     -1.2       -.3       .3       .5         .3        .2       -.2
II.........................        -.6      1.1        .8        .3       -1.7     -1.6       -.1      1.3       .6         .5        .1        .7
III........................       -1.4       .2        .2       0         -1.6     -1.6       0        -.2      -.3        -.2       -.1        .1
IV.........................        1.8      2.7       2.2        .4        -.8      -.8       0        0        -.4        -.3       0          .4

21997: I.........................       -1.0      1.1       1.0        .1       -2.1     -1.7       -.5      -.1      -.4        -.6        .2        .3
II.........................        -.4      2.0       1.9        .1       -2.5     -2.3       -.2       .6       .4         .3        .1        .1
III........................       -1.3       .5        .3        .2       -1.7     -1.6       -.1       .2      -.1         .1       -.1        .3
IV p.......................        1.1      1.3       1.3       0          -.2      -.1       -.1       .3      0           .1       -.1        .2
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Source: Department of Commerce, Bureau of Economic Analysis.