[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 328]]


Table B-2.--Real gross domestic product, 1959-98
[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  ........  ........  ..........  ........  ...........  ........

1960..............................................................   2,262.9   1,432.6  ........  .........  ........     270.5  ........  ........  ..........  ........  ...........  ........
1961..............................................................   2,314.3   1,461.5  ........  .........  ........     267.6  ........  ........  ..........  ........  ...........  ........
1962..............................................................   2,454.8   1,533.8  ........  .........  ........     302.1  ........  ........  ..........  ........  ...........  ........
1963..............................................................   2,559.4   1,596.6  ........  .........  ........     321.6  ........  ........  ..........  ........  ...........  ........
1964..............................................................   2,708.4   1,692.3  ........  .........  ........     348.3  ........  ........  ..........  ........  ...........  ........
1965..............................................................   2,881.1   1,799.1  ........  .........  ........     397.2  ........  ........  ..........  ........  ...........  ........
1966..............................................................   3,069.2   1,902.0  ........  .........  ........     430.6  ........  ........  ..........  ........  ...........  ........
1967..............................................................   3,147.2   1,958.6  ........  .........  ........     411.8  ........  ........  ..........  ........  ...........  ........
1968..............................................................   3,293.9   2,070.2  ........  .........  ........     433.3  ........  ........  ..........  ........  ...........  ........
1969..............................................................   3,393.6   2,147.5  ........  .........  ........     458.3  ........  ........  ..........  ........  ...........  ........

1970..............................................................   3,397.6   2,197.8  ........  .........  ........     426.1  ........  ........  ..........  ........  ...........  ........
1971..............................................................   3,510.0   2,279.5  ........  .........  ........     474.9  ........  ........  ..........  ........  ...........  ........
1972..............................................................   3,702.3   2,415.9  ........  .........  ........     531.8  ........  ........  ..........  ........  ...........  ........
1973..............................................................   3,916.3   2,532.6  ........  .........  ........     595.5  ........  ........  ..........  ........  ...........  ........
1974..............................................................   3,891.2   2,514.7  ........  .........  ........     546.5  ........  ........  ..........  ........  ...........  ........
1975..............................................................   3,873.9   2,570.0  ........  .........  ........     446.6  ........  ........  ..........  ........  ...........  ........
1976..............................................................   4,082.9   2,714.3  ........  .........  ........     537.4  ........  ........  ..........  ........  ...........  ........
1977..............................................................   4,273.6   2,829.8  ........  .........  ........     622.1  ........  ........  ..........  ........  ...........  ........
1978..............................................................   4,503.0   2,951.6  ........  .........  ........     693.4  ........  ........  ..........  ........  ...........  ........
1979..............................................................   4,630.6   3,020.2  ........  .........  ........     709.7  ........  ........  ..........  ........  ...........  ........

1980..............................................................   4,615.0   3,009.7  ........  .........  ........     628.3  ........  ........  ..........  ........  ...........  ........
1981..............................................................   4,720.7   3,046.4  ........  .........  ........     686.0  ........  ........  ..........  ........  ...........  ........
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..............................................................   6,761.7   4,605.6     589.1    1,417.6   2,599.6     996.1     966.0     710.6      180.7      531.7      256.8        27.7
1996..............................................................   6,994.8   4,752.4     626.1    1,450.9   2,676.7   1,084.1   1,050.6     776.6      189.7      589.8      275.9        30.0
1997..............................................................   7,269.8   4,913.5     668.6    1,486.3   2,761.5   1,206.4   1,138.0     859.4      203.2      660.9      282.8        63.2

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............................................................   6,717.5   4,555.3     575.2    1,410.4   2,570.4   1,013.5     957.1     698.4      179.5      520.4      259.9        54.3
II............................................................   6,724.2   4,593.6     583.5    1,415.9   2,594.8     982.0     957.8     710.2      181.7      529.9      249.5        21.7
III...........................................................   6,779.5   4,623.4     595.3    1,418.5   2,610.3     983.4     965.8     711.7      181.5      531.8      255.6        14.7
IV............................................................   6,825.8   4,650.0     602.4    1,425.6   2,622.9   1,005.4     983.1     722.3      179.8      544.8      262.1        20.1

1996:I............................................................   6,882.0   4,692.1     611.0    1,433.5   2,648.5   1,029.3   1,011.4     744.8      182.6      565.0      268.0        14.4
II............................................................   6,983.9   4,746.6     629.5    1,450.4   2,668.4   1,072.8   1,043.5     764.4      185.9      581.6      280.2        26.1
III...........................................................   7,020.0   4,768.3     626.5    1,454.7   2,688.1   1,118.1   1,067.1     790.1      189.9      604.0      279.0        47.5
IV............................................................   7,093.1   4,802.6     637.5    1,465.1   2,701.7   1,116.1   1,080.4     807.0      200.6      608.8      276.3        32.1

1997:I............................................................   7,166.7   4,853.4     656.3    1,477.9   2,722.1   1,156.6   1,096.0     820.9      202.5      621.0      278.4        56.3
II............................................................   7,236.5   4,872.7     653.8    1,477.1   2,743.6   1,211.3   1,127.0     848.2      199.3      653.8      282.5        79.0
III...........................................................   7,311.2   4,947.0     679.6    1,495.7   2,775.4   1,215.8   1,159.3     882.2      205.2      682.6      282.3        51.0
IV............................................................   7,364.6   4,981.0     684.8    1,494.3   2,804.8   1,241.9   1,169.5     886.2      205.7      686.4      287.9        66.5

1998:I............................................................   7,464.7   5,055.1     710.3    1,521.2   2,829.3   1,321.8   1,224.9     931.9      203.1      738.8      298.5        91.4
II............................................................   7,498.6   5,130.2     729.4    1,540.9   2,866.8   1,306.5   1,264.1     960.4      201.9      771.3      309.1        38.2
III...........................................................   7,566.5   5,181.8     733.7    1,549.1   2,904.8   1,331.6   1,270.9     958.7      202.0      769.3      316.5        55.7
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
See next page for continuation of table.


[[Page 329]]


Table B-2.--Real gross domestic product, 1959-98--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-              national    domes-     domes-
exports   Exports   Imports    Total              Nation-   Non-  de-   and      tic    chases\1\     prod-       tic    tic  pur-
Total    al  de-      fense   local   product               uct\2\      prod-
fense                                                          uct    chases\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.......................................................     -96.5     792.6     889.0   1,254.5     470.6      323.5     146.9   783.9   6,731.7   6,855.0     6,779.5        2.3       2.1
1996.......................................................    -111.2     860.0     971.2   1,268.2     465.6      319.1     146.2   802.7   6,961.6   7,101.1     7,008.4        3.4       3.6
1997.......................................................    -136.1     970.0   1,106.1   1,285.0     458.0      308.9     148.6   827.1   7,203.7   7,396.5     7,266.2        3.9       4.2

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.....................................................    -109.5     763.9     873.4   1,256.2     478.6      328.3     150.0   777.6   6,661.8   6,823.3     6,735.9        1.7       1.9
II.....................................................    -114.7     774.0     888.7   1,259.9     476.2      328.4     147.6   783.7   6,700.0   6,834.6     6,746.3         .4        .7
III....................................................     -86.8     806.3     893.1   1,257.6     473.1      323.9     148.8   784.5   6,761.7   6,863.5     6,788.9        3.3       1.7
IV.....................................................     -74.8     826.1     900.9   1,244.5     454.6      313.3     141.1   790.0   6,803.3   6,898.4     6,846.8        2.8       2.0

1996:I.....................................................     -95.5     833.6     929.1   1,254.5     463.5      318.7     144.5   791.0   6,863.6   6,974.0     6,902.1        3.3       4.5
II.....................................................    -113.5     845.5     958.9   1,276.2     472.6      325.0     147.3   803.6   6,954.7   7,092.8     6,999.0        6.1       7.0
III....................................................    -140.1     849.9     990.0   1,271.1     467.0      319.8     146.8   804.2   6,970.3   7,152.6     7,027.1        2.1       3.4
IV.....................................................     -95.9     911.1   1,007.0   1,271.2     459.5      313.0     146.1   811.8   7,057.9   7,185.2     7,105.3        4.2       1.8

1997:I.....................................................    -121.5     929.4   1,050.9   1,277.7     456.3      305.0     150.7   821.5   7,108.1   7,281.3     7,167.8        4.2       5.5
II.....................................................    -131.6     963.6   1,095.2   1,284.4     460.4      311.7     148.2   824.2   7,155.5   7,359.4     7,239.3        4.0       4.4
III....................................................    -142.4     988.1   1,130.5   1,288.9     458.9      310.2     148.2   830.1   7,256.3   7,443.1     7,307.0        4.2       4.6
IV.....................................................    -149.0     998.8   1,147.8   1,289.2     456.5      308.7     147.3   832.9   7,294.8   7,502.1     7,350.7        3.0       3.2

1998:I.....................................................    -198.5     991.9   1,190.4   1,283.0     446.1      293.3     151.9   837.1   7,372.5   7,644.9     7,455.2        5.5       7.8
II.....................................................    -245.2     972.1   1,217.3   1,294.8     454.1      300.3     152.9   840.9   7,456.4   7,718.6     7,485.9        1.8       3.9
III....................................................    -259.0     965.3   1,224.3   1,299.6     452.5      303.5     148.4   847.3   7,507.6   7,798.8     7,546.7        3.7       4.2
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
\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.