[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 306]]

NATIONAL INCOME OR EXPENDITURE

 
Table B-1.--Gross domestic product, 1959-99
[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            Durable    Non-      Serv-                     -----------------------------           in  pri-
product    Total     goods    durable     ices     Total                                Equip-     Resi-      vate
goods                        Total             Struc-  ment  and   dential   inven-
Total    tures      soft-              tories
ware
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................      507.4    318.1      42.7     148.5      127.0     78.5     74.6     46.5     18.1       28.4      28.1       3.9

1960..............................      527.4    332.2      43.3     152.9      136.1     78.9     75.7     49.4     19.6       29.8      26.3       3.2
1961..............................      545.7    342.7      41.8     156.6      144.3     78.2     75.2     48.8     19.7       29.1      26.4       3.0
1962..............................      586.5    363.8      46.9     162.8      154.1     88.1     82.0     53.1     20.8       32.3      29.0       6.1
1963..............................      618.7    383.1      51.6     168.2      163.4     93.8     88.1     56.0     21.2       34.8      32.1       5.6
1964..............................      664.4    411.7      56.7     178.7      176.4    102.1     97.2     63.0     23.7       39.2      34.3       4.8
1965..............................      720.1    444.3      63.3     191.6      189.5    118.2    109.0     74.8     28.3       46.5      34.2       9.2
1966..............................      789.3    481.8      68.3     208.8      204.7    131.3    117.7     85.4     31.3       54.0      32.3      13.6
1967..............................      834.1    508.7      70.4     217.1      221.2    128.6    118.7     86.4     31.5       54.9      32.4       9.9
1968..............................      911.5    558.7      80.8     235.7      242.3    141.2    132.1     93.4     33.6       59.9      38.7       9.1
1969..............................      985.3    605.5      85.9     253.2      266.4    156.4    147.3    104.7     37.7       67.0      42.6       9.2

1970..............................    1,039.7    648.9      85.0     272.0      292.0    152.4    150.4    109.0     40.3       68.7      41.4       2.0
1971..............................    1,128.6    702.4      96.9     285.5      320.0    178.2    169.9    114.1     42.7       71.5      55.8       8.3
1972..............................    1,240.4    770.7     110.4     308.0      352.3    207.6    198.5    128.8     47.2       81.7      69.7       9.1
1973..............................    1,385.5    852.5     123.5     343.1      385.9    244.5    228.6    153.3     55.0       98.3      75.3      15.9
1974..............................    1,501.0    932.4     122.3     384.5      425.5    249.4    235.4    169.5     61.2      108.2      66.0      14.0
1975..............................    1,635.2  1,030.3     133.5     420.7      476.1    230.2    236.5    173.7     61.4      112.4      62.7      -6.3
1976..............................    1,823.9  1,149.8     158.9     458.3      532.6    292.0    274.8    192.4     65.9      126.4      82.5      17.1
1977..............................    2,031.4  1,278.4     181.2     497.2      600.0    361.3    339.0    228.7     74.6      154.1     110.3      22.3
1978..............................    2,295.9  1,430.4     201.7     550.2      678.4    436.0    410.2    278.6     91.4      187.2     131.6      25.8
1979..............................    2,566.4  1,596.3     214.4     624.4      757.4    490.6    472.7    331.6    114.9      216.7     141.0      18.0

1980..............................    2,795.6  1,762.9     214.2     696.1      852.7    477.9    484.2    360.9    133.9      227.0     123.2      -6.3
1981..............................    3,131.3  1,944.2     231.3     758.9      954.0    570.8    541.0    418.4    164.6      253.8     122.6      29.8
1982..............................    3,259.2  2,079.3     240.2     787.6    1,051.5    516.1    531.0    425.3    175.0      250.3     105.7     -14.9
1983..............................    3,534.9  2,286.4     281.2     831.2    1,174.0    564.2    570.0    417.4    152.7      264.7     152.5      -5.8
1984..............................    3,932.7  2,498.4     326.9     884.7    1,286.9    735.5    670.1    490.3    176.0      314.3     179.8      65.4
1985..............................    4,213.0  2,712.6     363.3     928.8    1,420.6    736.3    714.5    527.6    193.3      334.3     186.9      21.8
1986..............................    4,452.9  2,895.2     401.3     958.5    1,535.4    747.2    740.7    522.5    175.8      346.8     218.1       6.6
1987..............................    4,742.5  3,105.3     419.7   1,015.3    1,670.3    781.5    754.3    526.7    172.1      354.7     227.6      27.1
1988..............................    5,108.3  3,356.6     450.2   1,082.9    1,823.5    821.1    802.7    568.4    181.6      386.8     234.2      18.5
1989..............................    5,489.1  3,596.7     467.8   1,165.4    1,963.5    872.9    845.2    613.4    193.4      420.0     231.8      27.7

1990..............................    5,803.2  3,831.5     467.6   1,246.1    2,117.8    861.7    847.2    630.3    202.5      427.8     216.8      14.5
1991..............................    5,986.2  3,971.2     443.0   1,278.8    2,249.4    800.2    800.4    608.9    183.4      425.4     191.5       -.2
1992..............................    6,318.9  4,209.7     470.8   1,322.9    2,415.9    866.6    851.6    626.1    172.2      453.9     225.5      15.0
1993..............................    6,642.3  4,454.7     513.4   1,375.2    2,566.1    955.1    934.0    682.2    179.4      502.8     251.8      21.1
1994..............................    7,054.3  4,716.4     560.8   1,438.0    2,717.6  1,097.1  1,034.6    748.6    187.5      561.1     286.0      62.6
1995..............................    7,400.5  4,969.0     589.7   1,497.3    2,882.0  1,143.8  1,110.7    825.1    204.6      620.5     285.6      33.0
1996..............................    7,813.2  5,237.5     616.5   1,574.1    3,047.0  1,242.7  1,212.7    899.4    225.0      674.4     313.3      30.0
1997..............................    8,300.8  5,524.4     642.9   1,641.7    3,239.8  1,383.7  1,315.4    986.1    254.1      732.1     329.2      68.3
1998..............................    8,759.9  5,848.6     698.2   1,708.9    3,441.5  1,531.2  1,460.0  1,091.3    272.8      818.5     368.7      71.2
1999.............................    9,248.4  6,254.9     758.1   1,841.1    3,655.7  1,621.6  1,577.4  1,166.5    272.6      893.9     410.9      44.3

1994:I............................    6,887.8  4,613.8     546.2   1,409.7    2,657.9  1,042.0    998.1    721.7    178.0      543.7     276.4      43.8
II............................    7,015.7  4,677.5     553.6   1,425.1    2,698.8  1,106.4  1,026.6    738.2    188.2      550.0     288.4      79.8
III...........................    7,096.0  4,753.0     563.2   1,449.9    2,739.8  1,094.0  1,042.0    752.7    189.9      562.8     289.3      52.0
IV............................    7,217.7  4,821.3     580.0   1,467.2    2,774.0  1,146.1  1,071.6    781.8    193.9      587.9     289.8      74.6

1995:I............................    7,297.5  4,868.6     578.2   1,475.8    2,814.7  1,162.8  1,100.1    812.5    200.5      612.0     287.6      62.7
II............................    7,342.6  4,943.7     584.4   1,492.2    2,867.1  1,133.1  1,097.2    820.3    204.8      615.5     276.9      35.8
III...........................    7,432.8  5,005.2     596.2   1,502.6    2,906.3  1,123.5  1,110.1    825.2    206.2      619.0     284.9      13.4
IV............................    7,529.3  5,058.4     600.0   1,518.5    2,939.9  1,155.6  1,135.4    842.3    207.0      635.3     293.1      20.2

1996:I............................    7,629.6  5,130.5     606.4   1,539.6    2,984.4  1,172.4  1,165.6    865.1    213.4      651.7     300.5       6.8
II............................    7,782.7  5,218.0     621.3   1,569.4    3,027.4  1,231.5  1,201.7    885.4    220.0      665.4     316.3      29.8
III...........................    7,859.0  5,263.7     616.7   1,578.8    3,068.2  1,282.6  1,232.6    913.6    226.3      687.3     319.0      50.0
IV............................    7,981.4  5,337.9     621.5   1,608.4    3,107.9  1,284.3  1,250.9    933.7    240.3      693.4     317.2      33.5

1997:I............................    8,125.9  5,430.8     636.1   1,630.5    3,164.2  1,327.0  1,274.1    952.7    247.6      705.2     321.4      52.9
II............................    8,259.5  5,466.3     627.8   1,627.1    3,211.4  1,392.2  1,299.6    972.7    247.8      724.9     326.8      92.6
III...........................    8,364.5  5,569.1     651.9   1,652.3    3,265.0  1,395.9  1,338.3  1,007.7    257.8      749.9     330.7      57.6
IV............................    8,453.0  5,631.3     655.8   1,657.1    3,318.5  1,419.6  1,349.4  1,011.4    263.1      748.3     338.0      70.2

1998:I............................    8,610.6  5,714.7     679.2   1,674.6    3,360.9  1,514.3  1,415.4  1,065.9    267.4      798.4     349.5      98.9
II............................    8,683.7  5,816.2     693.9   1,701.2    3,421.1  1,495.0  1,454.2  1,090.8    274.0      816.8     363.4      40.8
III...........................    8,797.9  5,889.6     696.9   1,716.6    3,476.1  1,535.3  1,461.7  1,087.2    271.7      815.4     374.5      73.7
IV............................    8,947.6  5,973.7     722.8   1,742.9    3,508.0  1,580.3  1,508.9  1,121.4    278.0      843.4     387.5      71.4

1999:I............................    9,072.7  6,090.8     739.0   1,787.8    3,564.0  1,594.3  1,543.3  1,139.9    274.7      865.2     403.4      51.0
II............................    9,146.2  6,200.8     751.6   1,824.8    3,624.3  1,585.4  1,567.8  1,155.4    272.5      882.9     412.4      17.6
III...........................    9,297.8  6,303.7     761.8   1,853.9    3,688.0  1,635.0  1,594.2  1,181.6    272.1      909.5     412.7      40.8
IV...........................    9,477.1  6,424.6     780.1   1,897.7    3,746.7  1,671.8  1,604.1  1,189.1    271.1      918.1     415.0      67.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
See next page for continuation of table.


[[Page 307]]


Table B-1.--Gross domestic product, 1959-99--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     112.5      67.4      56.0      11.4     45.1      503.5      509.1      510.3   ........  .........

1960.....................................................       2.4      25.3       22.8     113.8      65.9      55.2      10.7     47.9      524.1      525.0      530.6        3.9        3.1
1961.....................................................       3.4      26.0       22.7     121.5      69.5      58.1      11.3     52.0      542.7      542.3      549.3        3.5        3.3
1962.....................................................       2.4      27.4       25.0     132.2      76.9      62.8      14.1     55.3      580.4      584.1      590.7        7.5        7.7
1963.....................................................       3.3      29.4       26.1     138.5      78.5      62.7      15.8     59.9      613.1      615.4      623.2        5.5        5.4
1964.....................................................       5.5      33.6       28.1     145.1      79.8      61.8      18.0     65.3      659.6      658.9      669.4        7.4        7.1
1965.....................................................       3.9      35.4       31.5     153.7      82.1      62.4      19.7     71.6      710.9      716.2      725.5        8.4        8.7
1966.....................................................       1.9      38.9       37.1     174.3      94.4      73.8      20.7     79.9      775.7      787.4      794.5        9.6        9.9
1967.....................................................       1.4      41.4       39.9     195.3     106.8      85.8      21.0     88.6      824.2      832.6      839.5        5.7        5.7
1968.....................................................      -1.3      45.3       46.6     212.8     114.0      92.2      21.8     98.8      902.4      912.7      917.6        9.3        9.6
1969.....................................................      -1.2      49.3       50.5     224.6     116.1      92.6      23.5    108.5      976.2      986.5      991.5        8.1        8.1

1970.....................................................       1.2      57.0       55.8     237.1     116.4      90.9      25.5    120.7    1,037.7    1,038.5    1,046.1        5.5        5.3
1971.....................................................      -3.0      59.3       62.3     251.0     117.6      89.0      28.6    133.5    1,120.3    1,131.6    1,136.2        8.6        9.0
1972.....................................................      -8.0      66.2       74.2     270.1     125.6      93.5      32.2    144.4    1,231.3    1,248.4    1,249.1        9.9       10.3
1973.....................................................        .6      91.8       91.2     287.9     127.8      93.9      33.9    160.1    1,369.7    1,384.9    1,398.2       11.7       10.9
1974.....................................................      -3.1     124.3      127.5     322.4     138.2      99.7      38.5    184.2    1,487.0    1,504.2    1,516.7        8.3        8.6
1975.....................................................      13.6     136.3      122.7     361.1     152.1     107.9      44.2    209.0    1,641.4    1,621.6    1,648.4        8.9        7.8
1976.....................................................      -2.3     148.9      151.1     384.5     160.6     113.2      47.4    223.9    1,806.8    1,826.2    1,841.0       11.5       12.6
1977.....................................................     -23.7     158.8      182.4     415.3     176.0     122.6      53.5    239.3    2,009.1    2,055.1    2,052.1       11.4       12.5
1978.....................................................     -26.1     186.1      212.3     455.6     191.9     132.0      59.8    263.8    2,270.1    2,322.0    2,318.0       13.0       13.0
1979.....................................................     -24.0     228.7      252.7     503.5     211.6     146.7      65.0    291.8    2,548.4    2,590.4    2,599.3       11.8       11.6

1980.....................................................     -14.9     278.9      293.8     569.7     245.3     169.6      75.6    324.4    2,801.9    2,810.5    2,830.8        8.9        8.5
1981.....................................................     -15.0     302.8      317.8     631.4     281.8     197.8      84.0    349.6    3,101.5    3,146.3    3,166.1       12.0       12.0
1982.....................................................     -20.5     282.6      303.2     684.4     312.8     228.3      84.5    371.6    3,274.1    3,279.8    3,295.7        4.1        4.2
1983.....................................................     -51.7     277.0      328.6     735.9     344.4     252.5      92.0    391.5    3,540.7    3,586.6    3,571.8        8.5        9.4
1984.....................................................    -102.0     303.1      405.1     800.8     376.4     283.5      92.8    424.4    3,867.3    4,034.7    3,968.1       11.3       12.5
1985.....................................................    -114.2     303.0      417.2     878.3     413.4     312.4     101.0    464.9    4,191.2    4,327.2    4,238.4        7.1        7.2
1986.....................................................    -131.9     320.3      452.2     942.3     438.7     332.2     106.5    503.6    4,446.3    4,584.7    4,468.3        5.7        6.0
1987.....................................................    -142.3     365.6      507.9     997.9     460.4     351.2     109.3    537.5    4,715.3    4,884.7    4,756.2        6.5        6.5
1988.....................................................    -106.3     446.9      553.2   1,036.9     462.6     355.9     106.8    574.3    5,089.8    5,214.6    5,126.8        7.7        6.8
1989.....................................................     -80.7     509.0      589.7   1,100.2     482.6     363.2     119.3    617.7    5,461.4    5,569.8    5,509.4        7.5        6.8

1990.....................................................     -71.4     557.2      628.6   1,181.4     508.4     374.9     133.6    673.0    5,788.7    5,874.7    5,832.2        5.7        5.5
1991.....................................................     -20.7     601.6      622.3   1,235.5     527.4     384.5     142.9    708.1    5,986.4    6,006.9    6,010.9        3.2        2.3
1992.....................................................     -27.9     636.8      664.6   1,270.5     534.5     378.5     156.0    736.0    6,303.9    6,346.8    6,342.3        5.6        5.7
1993.....................................................     -60.5     658.0      718.5   1,293.0     527.3     364.9     162.4    765.7    6,621.2    6,702.8    6,666.7        5.1        5.6
1994.....................................................     -87.1     725.1      812.1   1,327.9     521.1     355.1     165.9    806.8    6,991.8    7,141.4    7,071.1        6.2        6.5
1995.....................................................     -84.3     818.6      902.8   1,372.0     521.5     350.6     170.9    850.5    7,367.5    7,484.8    7,420.9        4.9        4.8
1996.....................................................     -89.0     874.2      963.1   1,421.9     531.6     357.0     174.6    890.4    7,783.2    7,902.1    7,831.2        5.6        5.6
1997.....................................................     -88.3     968.0    1,056.3   1,481.0     537.8     352.5     185.3    943.2    8,232.4    8,389.1    8,305.0        6.2        6.2
1998.....................................................    -149.6     966.3    1,115.9   1,529.7     538.7     348.6     190.1    991.0    8,688.7    8,909.5    8,750.0        5.5        6.2
1999....................................................    -256.8     996.3    1,253.1   1,628.7     570.8     364.7     206.1  1,057.9    9,204.2    9,505.3   .........       5.6        6.7

1994:I...................................................     -71.3     683.8      755.1   1,303.3     515.8     349.4     166.3    787.5    6,844.0    6,959.1    6,908.5        5.5        5.8
II...................................................     -84.2     714.5      798.7   1,316.1     515.9     353.9     162.0    800.2    6,936.0    7,100.0    7,032.4        7.6        8.3
III..................................................     -99.1     736.1      835.2   1,348.1     532.5     366.9     165.6    815.6    7,044.0    7,195.1    7,111.1        4.7        5.5
IV...................................................     -93.8     765.8      859.6   1,344.0     520.0     350.4     169.7    824.0    7,143.1    7,311.5    7,232.6        7.0        6.6

1995:I...................................................     -94.5     787.7      882.2   1,360.6     523.4     352.2     171.2    837.1    7,234.8    7,392.0    7,318.9        4.5        4.5
II...................................................    -109.0     802.5      911.5   1,374.9     525.5     353.9     171.6    849.4    7,306.8    7,451.6    7,367.9        2.5        3.3
III..................................................     -74.2     834.1      908.3   1,378.3     525.0     352.7     172.3    853.3    7,419.4    7,507.0    7,444.1        5.0        3.0
IV...................................................     -59.3     850.0      909.3   1,374.5     512.3     343.6     168.7    862.2    7,509.1    7,588.5    7,552.7        5.3        4.4

1996:I...................................................     -75.8     853.3      929.1   1,402.6     530.6     356.1     174.5    872.0    7,622.8    7,705.4    7,656.5        5.4        6.3
II...................................................     -89.8     864.7      954.5   1,423.0     537.2     361.3     175.9    885.7    7,752.9    7,872.4    7,800.3        8.3        9.0
III..................................................    -110.6     865.6      976.1   1,423.4     529.1     355.6     173.5    894.3    7,809.0    7,969.6    7,870.5        4.0        5.0
IV...................................................     -79.7     913.1      992.8   1,438.9     529.4     355.0     174.5    909.4    7,947.9    8,061.1    7,997.7        6.4        4.7

1997:I...................................................     -87.7     929.6    1,017.3   1,455.8     530.2     347.0     183.2    925.6    8,073.0    8,213.6    8,131.1        7.4        7.8
II...................................................     -77.5     965.3    1,042.8   1,478.6     543.0     354.9     188.1    935.6    8,166.9    8,337.0    8,269.1        6.7        6.1
III..................................................     -90.6     988.6    1,079.2   1,490.1     540.9     354.5     186.4    949.2    8,306.9    8,455.1    8,366.5        5.2        5.8
IV...................................................     -97.4     988.6    1,086.0   1,499.5     537.1     353.6     183.5    962.3    8,382.8    8,550.4    8,453.3        4.3        4.6

1998:I...................................................    -117.4     974.3    1,091.7   1,499.0     526.1     338.9     187.2    972.9    8,511.7    8,728.0    8,613.7        7.7        8.6
II...................................................    -153.9     960.1    1,114.0   1,526.5     542.2     347.9     194.3    984.2    8,642.9    8,837.7    8,683.7        3.4        5.1
III..................................................    -165.7     949.1    1,114.8   1,538.7     539.7     354.7     185.0    999.0    8,724.2    8,963.6    8,772.2        5.4        5.8
IV...................................................    -161.2     981.8    1,143.1   1,554.8     546.7     352.9     193.8  1,008.1    8,876.2    9,108.8    8,930.5        7.0        6.6

1999:I...................................................    -201.6     966.9    1,168.5   1,589.1     557.4     355.8     201.6  1,031.8    9,021.6    9,274.2    9,058.2        5.7        7.5
II...................................................    -245.8     978.2    1,224.0   1,605.9     561.6     354.3     207.3  1,044.3    9,128.6    9,392.0    9,131.9        3.3        5.2
III..................................................    -278.2   1,008.5    1,286.6   1,637.2     569.8     365.4     204.4  1,067.4    9,257.0    9,575.9    9,282.3        6.8        8.1
IV..................................................    -301.8   1,031.5    1,333.3   1,682.6     594.6     383.4     211.2  1,088.0    9,409.5    9,778.9   .........       7.9        8.8
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.
\2\GDP plus net income receipts from rest of the world.

Source: Department of Commerce, Bureau of Economic Analysis.