[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



NATIONAL INCOME OR EXPENDITURE
[[Page 326]]



Table B-1.--Gross domestic product, 1959-98
[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..............................    7,269.6  4,953.9     611.0   1,473.6    2,869.2  1,043.2  1,012.5    727.7    201.3      526.4     284.8      30.7
1996..............................    7,661.6  5,215.7     643.3   1,539.2    3,033.2  1,131.9  1,099.8    787.9    216.9      571.0     311.8      32.1
1997..............................    8,110.9  5,493.7     673.0   1,600.6    3,220.1  1,256.0  1,188.6    860.7    240.2      620.5     327.9      67.4

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

1995:I............................    7,170.8  4,862.5     598.4   1,459.6    2,804.5  1,058.9  1,000.0    713.6    197.9      515.6     286.4      59.0
II............................    7,210.9  4,931.5     606.0   1,470.7    2,854.7  1,029.6  1,004.3    728.1    201.8      526.3     276.2      25.3
III...........................    7,304.8  4,986.4     616.9   1,476.8    2,892.7  1,030.6  1,013.5    729.5    203.0      526.5     284.0      17.1
IV............................    7,391.9  5,035.3     622.8   1,487.5    2,925.0  1,053.6  1,032.1    739.5    202.2      537.2     292.6      21.5

1996:I............................    7,495.3  5,108.2     632.3   1,506.8    2,969.0  1,075.3  1,059.1    759.0    206.5      552.6     300.1      16.3
II............................    7,629.2  5,199.0     647.3   1,537.9    3,013.7  1,118.3  1,089.7    774.8    211.3      563.5     315.0      28.5
III...........................    7,703.4  5,242.5     642.5   1,543.6    3,056.3  1,167.9  1,118.1    801.1    218.0      583.1     317.0      49.8
IV............................    7,818.4  5,313.2     651.1   1,568.3    3,093.9  1,166.0  1,132.2    816.8    232.1      584.8     315.3      33.8

1997:I............................    7,955.0  5,402.4     668.9   1,589.7    3,143.9  1,206.4  1,146.7    827.1    236.2      591.0     319.5      59.7
II............................    8,063.4  5,438.8     659.9   1,588.2    3,190.7  1,259.9  1,176.4    850.5    234.3      616.2     325.9      83.5
III...........................    8,170.8  5,540.3     681.2   1,611.3    3,247.9  1,265.7  1,211.1    882.3    243.8      638.5     328.8      54.6
IV............................    8,254.5  5,593.2     682.2   1,613.2    3,297.8  1,292.0  1,220.1    882.8    246.4      636.4     337.4      71.9

1998:I............................    8,384.2  5,676.5     705.1   1,633.1    3,338.2  1,366.6  1,271.1    921.3    245.0      676.3     349.8      95.5
II............................    8,440.6  5,773.7     720.1   1,655.2    3,398.4  1,345.0  1,305.8    941.9    245.4      696.6     363.8      39.2
III...........................    8,573.9  5,846.7     718.9   1,670.0    3,457.7  1,364.4  1,307.5    931.6    246.2      685.4     375.8      57.0
--------------------------------------------------------------------------------------------------------------------------------------------------------
See next page for continuation of table.


[[Page 327]]


Table B-1.--Gross domestic product, 1959-98--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-
fense                                                           uct    chases\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.....................................................     -83.9     819.4      903.3   1,356.4     509.1     344.4     164.7    847.3    7,238.9    7,353.5    7,287.1        4.6        4.5
1996.....................................................     -91.2     873.8      965.0   1,405.2     518.4     351.0     167.4    886.8    7,629.5    7,752.8    7,674.0        5.4        5.4
1997.....................................................     -93.4     965.4    1,058.8   1,454.6     520.2     346.0     174.3    934.4    8,043.5    8,204.3    8,102.9        5.9        5.8

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...................................................     -94.7     787.8      882.5   1,344.1     512.3     346.1     166.2    831.8    7,111.8    7,265.5    7,189.3        4.3        4.2
II...................................................    -108.0     803.4      911.4   1,357.8     511.7     348.1     163.6    846.2    7,185.6    7,318.9    7,233.3        2.3        3.0
III..................................................     -74.5     835.1      909.6   1,362.3     511.2     345.5     165.7    851.1    7,287.7    7,379.3    7,313.2        5.3        3.3
IV...................................................     -58.4     851.5      909.9   1,361.4     501.2     337.9     163.3    860.2    7,370.4    7,450.3    7,412.6        4.9        3.9

1996:I...................................................     -75.7     856.6      932.3   1,387.5     517.1     350.3     166.8    870.4    7,479.1    7,571.0    7,515.0        5.7        6.6
II...................................................     -94.0     863.0      957.0   1,406.0     523.1     355.6     167.4    882.9    7,600.6    7,723.2    7,643.3        7.3        8.3
III..................................................    -115.5     861.4      976.9   1,408.6     519.0     351.3     167.7    889.6    7,653.6    7,818.9    7,708.6        3.9        5.1
IV...................................................     -79.6     914.2      993.8   1,418.8     514.6     346.7     167.9    904.2    7,784.6    7,898.0    7,829.0        6.1        4.1

1997:I...................................................     -93.3     930.2    1,023.5   1,439.4     517.0     341.1     175.9    922.4    7,895.2    8,048.2    7,952.4        7.2        7.8
II...................................................     -86.8     961.1    1,047.9   1,451.5     522.9     349.1     173.8    928.6    7,979.9    8,150.2    8,062.3        5.6        5.2
III..................................................     -94.7     981.7    1,076.4   1,459.5     521.0     347.1     173.9    938.5    8,116.2    8,265.5    8,162.0        5.4        5.8
IV...................................................     -98.8     988.6    1,087.4   1,468.1     520.1     346.5     173.6    947.9    8,182.6    8,353.3    8,234.9        4.2        4.3

1998:I...................................................    -123.7     973.3    1,097.1   1,464.9     511.6     331.6     180.0    953.3    8,288.7    8,508.0    8,369.4        6.4        7.6
II...................................................    -159.3     949.6    1,108.9   1,481.2     520.7     339.8     180.9    960.4    8,401.3    8,599.9    8,421.8        2.7        4.4
III..................................................    -165.5     936.2    1,101.7   1,492.3     519.4     343.7     175.7    972.9    8,480.9    8,703.4    8,510.9        4.7        4.9
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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.