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



[[Page 308]]

 
Table B-2.--Real gross domestic product, 1959-99
[Billions of chained (1996) 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  pri-
product    Total    Durable   durable   Services    Total                                    Equip-                   vate
goods     goods                          Total                           ment    Residential   inven-
Total   Structures     and                  tories
soft-
ware
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................................................   2,300.0   1,454.8  ........  .........  ........     272.9  ........  ........  ..........  ........  ...........  ........

1960..............................................................   2,357.2   1,494.4  ........  .........  ........     272.8  ........  ........  ..........  ........  ...........  ........
1961..............................................................   2,412.1   1,524.6  ........  .........  ........     271.0  ........  ........  ..........  ........  ...........  ........
1962..............................................................   2,557.6   1,599.7  ........  .........  ........     305.3  ........  ........  ..........  ........  ...........  ........
1963..............................................................   2,668.2   1,665.7  ........  .........  ........     325.7  ........  ........  ..........  ........  ...........  ........
1964..............................................................   2,822.7   1,765.2  ........  .........  ........     352.6  ........  ........  ..........  ........  ...........  ........
1965..............................................................   3,002.8   1,876.4  ........  .........  ........     402.0  ........  ........  ..........  ........  ...........  ........
1966..............................................................   3,199.5   1,983.3  ........  .........  ........     437.3  ........  ........  ..........  ........  ...........  ........
1967..............................................................   3,279.5   2,042.7  ........  .........  ........     417.2  ........  ........  ..........  ........  ...........  ........
1968..............................................................   3,435.6   2,159.1  ........  .........  ........     441.3  ........  ........  ..........  ........  ...........  ........
1969..............................................................   3,543.2   2,241.2  ........  .........  ........     466.9  ........  ........  ..........  ........  ...........  ........

1970..............................................................   3,549.4   2,293.0  ........  .........  ........     436.2  ........  ........  ..........  ........  ...........  ........
1971..............................................................   3,660.2   2,373.6  ........  .........  ........     485.8  ........  ........  ..........  ........  ...........  ........
1972..............................................................   3,854.2   2,513.2  ........  .........  ........     543.0  ........  ........  ..........  ........  ...........  ........
1973..............................................................   4,073.1   2,634.0  ........  .........  ........     606.5  ........  ........  ..........  ........  ...........  ........
1974..............................................................   4,061.7   2,622.3  ........  .........  ........     561.7  ........  ........  ..........  ........  ...........  ........
1975..............................................................   4,050.3   2,681.3  ........  .........  ........     462.2  ........  ........  ..........  ........  ...........  ........
1976..............................................................   4,262.6   2,826.5  ........  .........  ........     555.5  ........  ........  ..........  ........  ...........  ........
1977..............................................................   4,455.7   2,944.0  ........  .........  ........     639.4  ........  ........  ..........  ........  ...........  ........
1978..............................................................   4,709.9   3,081.6  ........  .........  ........     713.0  ........  ........  ..........  ........  ...........  ........
1979..............................................................   4,870.1   3,168.0  ........  .........  ........     735.4  ........  ........  ..........  ........  ...........  ........

1980..............................................................   4,872.3   3,169.4  ........  .........  ........     655.3  ........  ........  ..........  ........  ...........  ........
1981..............................................................   4,993.9   3,214.0  ........  .........  ........     715.6  ........  ........  ..........  ........  ...........  ........
1982..............................................................   4,900.3   3,259.8  ........  .........  ........     615.2  ........  ........  ..........  ........  ...........  ........
1983..............................................................   5,105.6   3,431.7  ........  .........  ........     673.7  ........  ........  ..........  ........  ...........  ........
1984..............................................................   5,477.4   3,617.6  ........  .........  ........     871.5  ........  ........  ..........  ........  ...........  ........
1985..............................................................   5,689.8   3,798.0  ........  .........  ........     863.4  ........  ........  ..........  ........  ...........  ........
1986..............................................................   5,885.7   3,958.7  ........  .........  ........     857.7  ........  ........  ..........  ........  ...........  ........
1987..............................................................   6,092.6   4,096.0     455.2    1,274.5   2,361.5     879.3     856.0     572.5      224.3      360.0      290.7        29.6
1988..............................................................   6,349.1   4,263.2     481.5    1,315.1   2,460.6     902.8     887.1     603.6      227.1      386.9      289.2        18.4
1989..............................................................   6,568.7   4,374.4     491.7    1,351.0   2,526.1     936.5     911.2     637.0      232.7      414.0      277.3        29.6

1990..............................................................   6,683.5   4,454.1     487.1    1,369.6   2,595.1     907.3     894.6     641.7      236.1      415.7      253.5        16.5
1991..............................................................   6,669.2   4,460.6     454.9    1,364.0   2,645.5     829.5     832.5     610.1      210.1      407.2      221.1        -1.0
1992..............................................................   6,891.1   4,603.8     479.0    1,389.7   2,739.4     899.8     886.5     630.6      197.3      437.5      257.2        17.1
1993..............................................................   7,054.1   4,741.9     518.3    1,430.3   2,795.4     977.9     958.4     683.6      198.9      487.1      276.0        20.0
1994..............................................................   7,337.8   4,920.0     557.7    1,485.1   2,878.0   1,107.0   1,045.9     744.6      200.5      544.9      302.7        66.8
1995..............................................................   7,537.1   5,070.1     583.5    1,529.0   2,957.8   1,140.6   1,109.2     817.5      210.1      607.6      291.7        30.4
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..............................................................   8,165.1   5,433.7     657.4    1,619.9   3,156.7   1,385.8   1,316.0     995.7      244.0      751.9      320.6        69.1
1998..............................................................   8,516.3   5,698.6     731.5    1,685.3   3,284.5   1,547.4   1,471.8   1,122.5      254.1      870.6      350.2        74.3
1999.............................................................   8,861.0   5,998.7     815.1    1,774.6   3,416.8   1,636.2   1,589.4   1,215.4      247.3      975.5      375.4        41.9

1994:I............................................................   7,218.5   4,857.6     546.9    1,465.3   2,846.4   1,057.3   1,014.9     720.0      193.2      527.4      296.5        47.8
II............................................................   7,319.8   4,899.2     551.7    1,477.6   2,870.9   1,118.5   1,039.9     734.1      202.9      532.6      307.5        85.8
III...........................................................   7,360.5   4,936.7     557.7    1,490.9   2,888.9   1,101.8   1.050.9     747.2      202.3      545.7      305.2        56.3
IV............................................................   7,452.3   4,986.4     574.3    1,506.5   2.905.7   1,150.5   1,078.0     777.1      203.8      573.7      301.8        77.4

1995:I............................................................   7,480.4   5,004.7     570.4    1,514.3   2,920.4   1,162.4   1,101.9     806.4      208.1      598.5      295.8        62.2
II............................................................   7,496.0   5,053.6     577.4    1,525.3   2,951.3   1,128.5   1,095.0     811.4      211.0      600.7      283.5        32.5
III...........................................................   7,555.0   5,094.0     590.7    1,531.7   2,971.8   1,119.1   1,107.1     816.7      210.9      606.0      290.4         9.0
IV............................................................   7,616.8   5,128.0     595.7    1,544.6   2,987.8   1,152.4   1,132.7     835.5      210.4      625.0      297.3        18.0

1996:I............................................................   7,671.4   5,170.3     601.7    1,553.9   3,014.8   1,172.3   1,165.2     861.6      215.9      645.8      303.6         5.6
II............................................................   7,800.5   5,227.5     620.4    1,569.9   3,037.2   1,233.4   1,203.7     885.6      221.3      664.3      318.1        30.3
III...........................................................   7,843.3   5,255.4     618.1    1,578.6   3,058.8   1,281.4   1,231.6     914.3      225.4      688.9      317.3        51.2
IV............................................................   7,937.5   5,296.8     625.7    1,593.9   3,077.2   1,283.7   1,250.2     936.2      237.3      698.8      314.0        32.9

1997:I............................................................   8,033.4   5,361.1     642.1    1,609.0   3,110.1   1,326.5   1,274.1     957.9      242.0      715.8      316.3        51.5
II............................................................   8,134.8   5,385.1     639.7    1,608.2   3,137.0   1,394.1   1,300.6     980.8      239.5      741.5      320.0        93.1
III...........................................................   8,214.8   5,471.8     669.7    1,630.7   3,172.0   1,397.6   1,337.9   1,018.0      245.9      772.3      320.5        59.2
IV............................................................   8,277.3   5,517.1     678.0    1,631.8   3,207.8   1,424.9   1,351.3   1,026.1      248.6      777.8      325.7        72.7

1998:I............................................................   8,412.7   5,592.3     704.9    1,654.9   3,234.2   1,531.5   1,424.2   1,088.6      252.1      837.9      336.5       107.3
II............................................................   8,457.2   5,675.6     723.9    1,681.9   3,272.2   1,513.1   1,466.7   1,120.2      256.4      865.5      347.4        43.1
III...........................................................   8,536.0   5,730.7     731.2    1,692.0   3,309.6   1,551.1   1,474.0   1,120.3      252.1      870.6      354.2        76.1
IV............................................................   8,659.2   5,795.8     766.0    1,712.6   3,322.0   1,593.9   1,522.5   1,160.8      255.7      908.5      362.6        70.7

1999:I............................................................   8,737.9   5,888.4     788.8    1,749.5   3,356.5   1,608.2   1,555.9   1,182.7      251.9      935.7      373.7        50.1
II............................................................   8,778.6   5,961.8     806.1    1,763.7   3,399.2   1,599.8   1,581.0   1,202.9      248.5      960.9      378.8        14.0
III...........................................................   8,900.6   6,033.3     821.2    1,779.3   3,440.6   1,651.6   1,607.3   1,234.3      246.1      996.6      375.1        38.0
IV...........................................................   9,026.9   6,111.2     844.5    1,805.9   3,470.6   1,685.4   1,613.5   1,241.9      242.8    1,008.7      374.0        65.4
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See next page for continuation of table.


[[Page 309]]


Table B-2.--Real gross domestic product, 1959-99--Continued
[Billions of chained (1996) 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-      and       tic    chases\1\     prod-       tic    tic  pur-
Total    al  de-    de-      local    product               uct\2\      prod-
fense    fense                                                 uct    chases\1\
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959........................................................  ........      71.9     106.6     659.7  .......  ........  .......  .........  2,298.4   2,360.0     2,315.7   ........  .........

1960........................................................  ........      86.8     108.0     659.5  .......  ........  .......  .........  2,359.0   2,399.9     2,374.4        2.5       1.7
1961........................................................  ........      88.2     107.3     691.3  .......  ........  .......  .........  2,415.5   2,453.5     2,430.9        2.3       2.2
1962........................................................  ........      93.0     119.5     732.9  .......  ........  .......  .........  2,548.1   2,607.5     2,578.8        6.0       6.3
1963........................................................  ........     100.0     122.7     750.2  .......  ........  .......  .........  2,661.4   2,714.6     2,690.7        4.3       4.1
1964........................................................  ........     113.3     129.2     764.8  .......  ........  .......  .........  2,820.2   2,861.5     2,847.0        5.8       5.4
1965........................................................  ........     115.6     142.9     788.6  .......  ........  .......  .........  2,982.7   3,055.7     3,028.3        6.4       6.8
1966........................................................  ........     123.3     164.2     859.3  .......  ........  .......  .........  3,163.3   3,266.8     3,223.7        6.6       6.9
1967........................................................  ........     126.0     176.2     924.1  .......  ........  .......  .........  3,259.4   3,356.3     3,304.3        2.5       2.7
1968........................................................  ........     135.2     202.4     953.4  .......  ........  .......  .........  3,419.5   3,527.9     3,462.2        4.8       5.1
1969........................................................  ........     142.7     213.9     950.0  .......  ........  .......  .........  3,527.6   3,638.9     3,568.8        3.1       3.1

1970........................................................  ........     158.1     223.1     928.6  .......  ........  .......  .........  3,559.7   3,633.6     3,574.7         .2       -.1
1971........................................................  ........     158.9     235.0     909.7  .......  ........  .......  .........  3,650.5   3,756.5     3,688.8        3.1       3.4
1972........................................................  ........     171.7     261.3     909.8  .......  ........  .......  .........  3,843.3   3,962.7     3,885.2        5.3       5.5
1973........................................................  ........     209.1     273.4     902.6  .......  ........  .......  .........  4,043.9   4,150.0     4,114.7        5.7       4.7
1974........................................................  ........     229.6     267.2     921.3  .......  ........  .......  .........  4,043.4   4,102.6     4,108.0        -.3      -1.1
1975........................................................  ........     228.3     237.5     939.3  .......  ........  .......  .........  4,083.9   4,054.5     4,086.5        -.3      -1.2
1976........................................................  ........     241.0     284.0     938.6  .......  ........  .......  .........  4,239.6   4,309.1     4,306.3        5.2       6.3
1977........................................................  ........     246.9     315.0     947.4  .......  ........  .......  .........  4,422.8   4,534.7     4,505.2        4.5       5.2
1978........................................................  ........     273.1     342.3     977.6  .......  ........  .......  .........  4,672.4   4,788.1     4,758.8        5.7       5.6
1979........................................................  ........     299.9     347.9     997.6  .......  ........  .......  .........  4,852.4   4,918.1     4,935.6        3.4       2.7

1980........................................................  ........     332.8     324.8   1,018.6  .......  ........  .......  .........  4,899.2   4,838.5     4,936.2         .0      -1.6
1981........................................................  ........     336.7     333.4   1,027.9  .......  ........  .......  .........  4,962.5   4,966.1     5,050.8        2.5       2.6
1982........................................................  ........     313.2     329.2   1,044.5  .......  ........  .......  .........  4,935.6   4,899.8     4,956.4       -1.9      -1.3
1983........................................................  ........     305.2     370.7   1,078.9  .......  ........  .......  .........  5,127.5   5,170.1     5,160.6        4.2       5.5
1984........................................................  ........     330.7     461.0   1,116.3  .......  ........  .......  .........  5,400.5   5,621.4     5,528.7        7.3       8.7
1985........................................................  ........     339.8     490.7   1,188.4  .......  ........  .......  .........  5,671.6   5,858.1     5,726.3        3.9       4.2
1986........................................................  ........     365.0     531.9   1,253.2  .......  ........  .......  .........  5,885.9   6,071.7     5,908.4        3.4       3.6
1987........................................................    -157.6     406.6     564.2   1,290.9    597.5     450.2    146.3     694.4   6,068.2   6,267.2     6,112.2        3.5       3.2
1988........................................................    -113.5     472.2     585.6   1,306.1    586.7     446.8    138.7     720.3   6,333.4   6,471.9     6,373.7        4.2       3.3
1989........................................................     -81.2     527.6     608.8   1,341.8    594.5     443.3    150.3     748.1   6,542.4   6,653.7     6,594.7        3.5       2.8

1990........................................................     -58.6     573.6     632.2   1,385.5    606.6     443.2    162.8     779.6   6,671.3   6,742.9     6,718.1        1.7       1.3
1991........................................................     -16.4     612.6     629.0   1,402.8    604.8     438.4    165.9     798.4   6,674.2   6,682.0     6,696.9        -.2       -.9
1992........................................................     -18.7     652.1     670.8   1,410.7    595.2     417.1    178.0     815.8   6,878.7   6,906.4     6,915.8        3.3       3.4
1993........................................................     -59.9     671.9     731.8   1,398.1    571.9     394.7    177.2     826.5   7,035.3   7,113.1     7,080.3        2.4       3.0
1994........................................................     -87.6     731.8     819.4   1,399.4    551.2     375.9    175.4     848.3   7,275.9   7,425.3     7,355.5        4.0       4.4
1995........................................................     -79.2     807.4     886.6   1,405.9    536.4     361.9    174.5     869.5   7,505.5   7,615.8     7,558.0        2.7       2.6
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        3.7       3.8
1997........................................................    -109.8     985.4   1,095.2   1,455.1    530.9     348.3    182.7     924.1   8,095.7   8,273.9     8,168.8        4.5       4.7
1998........................................................    -215.1   1,007.1   1,222.2   1,480.3    526.1     341.7    184.4     953.9   8,441.3   8,723.2     8,506.0        4.3       5.4
1999.......................................................    -324.5   1,042.5   1,367.0   1,534.6    541.3     348.1    193.1     993.0   8,813.7   9,165.5   ..........       4.0       5.1

1994:I......................................................     -81.2     695.7     776.8   1,387.3    550.7     373.3    177.4     836.7   7,176.3   7,299.6     7,240.1        3.6       4.3
II......................................................     -87.2     724.0     811.3   1,389.7    545.1     374.5    170.6     844.8   7,239.8   7,406.9     7,337.0        5.7       6.0
III.....................................................     -93.2     741.4     834.6   1,416.8    563.1     387.8    175.3     853.9   7,308.9   7,453.8     7,376.6        2.2       2.6
IV......................................................     -88.6     766.2     854.8   1,403.9    546.0     367.8    178.2     858.0   7,378.4   7,540.9     7,468.2        5.1       4.8

1995:I......................................................     -93.4     779.7     873.1   1,406.8    544.0     366.9    177.2     862.8   7,419.1   7,574.0     7,502.7        1.5       1.8
II......................................................     -98.3     788.1     886.4   1,413.5    544.2     367.0    177.2     869.3   7,462.3   7,594.6     7,522.0         .8       1.1
III.....................................................     -68.0     821.2     889.1   1,410.4    540.4     363.3    177.0     870.0   7,543.4   7,622.2     7,566.7        3.2       1.5
IV......................................................     -56.9     840.8     897.8   1,393.2    517.1     350.4    166.8     876.1   7,597.3   7,672.7     7,640.6        3.3       2.7

1996:I......................................................     -75.6     845.6     921.1   1,404.4    529.0     356.4    172.7     875.4   7,664.6   7,746.5     7,698.7        2.9       3.9
II......................................................     -90.6     859.8     950.4   1,430.2    540.1     363.0    177.2     890.1   7,770.9   7,891.0     7,818.3        6.9       7.7
III.....................................................    -115.8     867.1     982.9   1,422.1    529.5     355.4    174.1     892.6   7,793.5   7,959.0     7,854.7        2.2       3.5
IV......................................................     -73.9     924.2     998.1   1,431.0    527.7     353.3    174.4     903.4   7,903.7   8,011.9     7,953.3        4.9       2.7

1997:I......................................................     -90.8     943.9   1,034.7   1,437.0    523.9     342.9    181.0     913.1   7,981.1   8,124.5     8,038.1        4.9       5.7
II......................................................    -100.9     979.9   1,080.8   1,457.1    536.4     350.8    185.5     920.7   8,042.0   8,235.4     8,144.0        5.1       5.6
III.....................................................    -118.7   1,006.8   1,125.5   1,463.3    534.6     350.7    183.9     928.6   8,155.3   8,331.9     8,216.2        4.0       4.8
IV......................................................    -128.7   1,011.2   1,139.9   1,463.0    528.8     348.6    180.2     934.1   8,204.3   8,403.9     8,277.2        3.1       3.5

1998:I......................................................    -171.7   1,007.3   1,179.0   1,459.2    515.4     332.7    182.6     943.6   8,307.0   8,579.7     8,414.8        6.7       8.6
II......................................................    -218.4     997.2   1,215.6   1,480.7    530.1     341.6    188.4     950.5   8,410.4   8,667.2     8,456.6        2.1       4.1
III.....................................................    -237.9     993.0   1,231.0   1,485.3    527.0     347.5    179.6     958.1   8,459.6   8,764.2     8,510.6        3.8       4.6
IV......................................................    -232.3   1,030.8   1,263.1   1,495.9    532.0     344.9    187.1     963.6   8,588.3   8,881.5     8,641.9        5.9       5.5

1999:I......................................................    -284.5   1,016.4   1,300.9   1,514.6    531.4     341.4    189.9     982.9   8,685.2   9,007.4     8,723.3        3.7       5.8
II......................................................    -319.0   1,026.4   1,345.4   1,519.5    534.2     339.2    194.9     985.1   8,757.9   9,078.2     8,764.3        1.9       3.2
III.....................................................    -338.2   1,054.8   1,393.0   1,536.5    539.7     348.3    191.3     996.6   8,855.8   9,216.9     8,885.5        5.7       6.3
IV.....................................................    -356.1   1,072.4   1,428.6   1,567.7    560.1     363.7    196.4   1,007.5   8,955.9   9,359.4   ..........       5.8       6.3
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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 income receipts from rest of the world.

Source: Department of Commerce, Bureau of Economic Analysis.