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



[[Page 342]]

 
Table B-30.--Gross saving and investment, 1959-99
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Gross saving
----------------------------------------------------------------------------------------------------------------------------------------
Gross private saving                                          Gross government saving
-------------------------------------------------------------------------------------------------------------------------------
Gross business saving                               Federal                   State and local
Year or                               ------------------------------------------         -----------------------------------------------------------
quarter                                                        Cor-     Noncor-                                Current                       Current
Total             Per-               Undis-     porate    porate
Total    sonal            trib- uted  consump-  consump-   Total           Consumption  surplus          Consumption  surplus
saving  Total\1\    corpo-     tion of   tion of            Total    of  fixed     or     Total    of  fixed     or
rate       fixed     fixed                      capital    deficit            capital    deficit
profits\2\   capital   capital                                   (-)                           (-)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959...........    105.8     84.2    26.5      57.7      17.5        23.7      16.5     21.6    13.6       10.4        3.2     8.0        4.2        3.8

1960...........    110.9     84.4    26.4      58.0      16.3        24.7      17.1     26.5    17.8       10.7        7.1     8.7        4.4        4.3
1961...........    113.9     91.5    31.9      59.6      16.7        25.3      17.6     22.5    13.5       11.0        2.5     9.0        4.7        4.3
1962...........    124.6    100.4    33.5      66.9      22.5        26.2      18.1     24.2    14.0       11.6        2.4    10.2        5.0        5.2
1963...........    132.8    104.3    33.1      71.2      25.1        27.3      18.7     28.5    17.5       12.3        5.2    11.0        5.4        5.7
1964...........    143.0    117.6    40.5      77.1      28.6        28.8      19.7     25.5    13.4       12.5         .8    12.1        5.7        6.4
1965...........    158.1    129.4    42.7      86.7      34.8        30.9      21.0     28.8    16.0       12.8        3.2    12.7        6.2        6.5
1966...........    169.1    138.5    44.5      94.0      37.5        33.9      22.6     30.7    16.1       13.3        2.7    14.6        6.9        7.7
1967...........    171.1    150.8    54.0      96.8      35.3        37.3      24.3     20.3     5.8       14.2       -8.3    14.5        7.5        7.0
1968...........    183.3    153.7    52.7     101.0      33.4        41.3      26.4     29.6    13.8       15.1       -1.3    15.8        8.3        7.5
1969...........    199.8    157.0    52.6     104.4      29.5        45.8      29.0     42.8    25.5       15.9        9.6    17.3        9.3        8.0

1970...........    194.3    174.3    69.5     104.8      22.6        50.8      31.4     20.0     2.3       16.7      -14.4    17.6       10.6        7.1
1971...........    211.4    202.6    80.1     122.5      32.0        55.7      34.4      8.8    -9.5       17.4      -26.8    18.2       11.8        6.4
1972...........    241.6    217.0    76.9     140.1      40.7        61.3      38.5     24.6    -3.8       18.7      -22.5    28.4       12.9       15.6
1973...........    294.6    256.4   102.5     153.9      44.3        67.2      42.3     38.2     8.3       19.5      -11.2    30.0       14.3       15.7
1974...........    304.0    270.7   114.3     156.4      29.0        78.9      48.4     33.3     6.4       20.2      -13.9    27.0       17.7        9.3
1975...........    298.4    323.5   125.2     198.3      48.7        94.4      55.2    -25.1   -47.7       21.6      -69.3    22.7       20.2        2.4
1976...........    342.7    344.0   122.1     221.9      56.9       105.0      60.0     -1.3   -29.9       23.2      -53.0    28.6       21.3        7.3
1977...........    398.2    383.1   125.6     257.5      72.7       117.9      66.9     15.1   -20.6       24.6      -45.2    35.7       22.6       13.1
1978...........    481.6    439.1   145.4     293.7      82.5       134.9      76.2     42.5     -.6       26.3      -26.9    43.1       24.4       18.7
1979...........    544.9    487.8   165.8     322.0      76.4       157.0      88.5     57.1    16.6       28.0      -11.4    40.5       27.4       13.0

1980...........    555.5    537.8   205.6     332.2      48.8       181.9     101.5     17.7   -22.8       30.9      -53.8    40.6       31.7        8.8
1981...........    656.5    631.7   243.7     388.0      63.1       211.1     113.7     24.8   -18.9       34.7      -53.7    43.8       36.3        7.5
1982...........    625.7    681.6   262.2     419.4      60.9       234.5     124.0    -55.9   -93.1       39.5     -132.6    37.2       39.5       -2.3
1983...........    608.0    693.8   227.8     466.0      92.2       245.5     128.3    -85.7  -131.5       42.4     -173.9    45.7       40.9        4.8
1984...........    769.4    824.8   306.5     518.3     123.6       261.3     133.4    -55.4  -121.6       46.4     -168.1    66.2       42.4       23.8
1985...........    772.5    833.4   282.6     550.8     127.1       282.0     141.7    -60.9  -127.9       49.3     -177.1    67.0       44.7       22.3
1986...........    735.9    806.5   267.8     538.7      86.7       303.3     148.7    -70.5  -139.2       52.9     -192.1    68.7       47.9       20.8
1987...........    810.4    838.3   252.8     585.5     106.0       322.2     157.4    -27.9   -91.6       56.3     -147.9    63.7       51.5       12.2
1988...........    936.2    943.0   292.3     650.7     136.8       345.7     168.1     -6.7   -77.2       60.2     -137.4    70.5       54.9       15.6
1989...........    967.6    955.1   301.8     653.3      97.8       372.1     183.4     12.5   -65.6       64.4     -130.0    78.1       58.8       19.3

1990...........    977.7  1,016.2   334.3     681.9     101.2       392.3     188.4    -38.6  -104.3       68.7     -173.0    65.7       63.1        2.6
1991...........  1,015.8  1,098.9   371.7     727.2     118.2       412.3     196.8    -83.2  -142.3       73.0     -215.3    59.1       66.9       -7.8
1992...........  1,007.4  1,164.6   413.7     750.9     123.2       429.1     214.3   -157.2  -222.2       75.4     -297.5    65.0       69.9       -4.9
1993...........  1,039.4  1,159.4   350.8     808.6     141.2       449.3     211.6   -120.0  -195.4       78.7     -274.1    75.4       73.9        1.5
1994...........  1,155.9  1,199.3   315.5     883.8     150.8       483.4     231.9    -43.4  -130.9       81.4     -212.3    87.5       78.9        8.6
1995...........  1,257.5  1,266.0   302.4     963.6     203.1       512.6     231.5     -8.5  -108.0       84.0     -192.0    99.4       84.1       15.3
1996...........  1,349.3  1,290.4   272.1   1,018.3     232.5       543.6     238.5     58.9   -51.5       85.3     -136.8   110.4       88.9       21.4
1997...........  1,521.3  1,362.0   271.1   1,090.9     265.9       579.4     249.8    159.3    37.7       86.6      -48.8   121.5       94.0       27.5
1998...........  1,646.0  1,371.2   229.7   1,141.5     257.2       619.2     261.5    274.8   134.3       87.4       46.9   140.5       98.8       41.7
1999..........  .......  .......   158.3  ........  ..........     666.3     279.0  .......  ......       90.8    .......  ......      105.1    .......

1994:I.........  1,122.4  1,200.9   274.3     926.6     112.1       492.6     265.4    -78.5  -157.1       80.4     -237.5    78.6       78.0         .6
II.........  1,145.7  1,170.3   319.5     850.8     155.8       472.7     217.6    -24.6  -109.3       81.2     -190.5    84.7       77.8        6.9
III........  1,151.1  1,193.2   324.1     869.1     163.1       480.6     220.8    -42.0  -130.5       81.5     -212.0    88.5       79.3        9.2
IV.........  1,204.6  1,233.0   344.2     888.8     172.4       487.9     223.8    -28.4  -126.8       82.5     -209.4    98.4       80.6       17.8

1995:I.........  1,238.0  1,264.9   346.0     918.9     177.8       498.1     226.7    -26.8  -124.9       83.3     -208.3    98.1       82.2       15.9
II.........  1,233.1  1,240.2   291.5     948.7     195.0       508.5     228.9     -7.0  -105.1       83.9     -188.9    98.1       83.5       14.6
III........  1,260.1  1,271.3   285.9     985.4     221.6       516.6     230.8    -11.2  -113.4       84.1     -197.6   102.3       84.8       17.5
IV.........  1,298.5  1,287.6   286.3   1,001.3     218.1       527.3     239.6     10.9   -88.4       84.8     -173.2    99.3       86.1       13.3

1996:I.........  1,295.6  1,282.7   282.2   1,000.5     231.3       531.0     234.6     12.9   -91.5       85.0     -176.5   104.3       87.3       17.0
II.........  1,328.2  1,264.6   253.1   1,011.5     232.9       538.4     236.6     63.5   -51.9       85.1     -137.0   115.4       88.3       27.2
III........  1,372.8  1,305.6   286.1   1,019.5     228.1       547.7     240.1     67.2   -44.6       85.5     -130.1   111.8       89.5       22.3
IV.........  1,400.5  1,308.6   267.1   1,041.5     237.7       557.4     242.7     92.0   -18.0       85.7     -103.7   109.9       90.7       19.3

1997:I.........  1,440.9  1,324.3   263.4   1,060.9     254.1       565.6     245.4    116.6    -1.3       86.1      -87.4   117.9       92.0       25.9
II.........  1,522.4  1,382.0   296.1   1,085.9     267.9       574.3     248.0    140.4    23.2       86.4      -63.2   117.2       93.5       23.7
III........  1,548.2  1,364.1   255.5   1,108.6     277.2       584.1     251.5    184.0    58.7       86.6      -27.9   125.3       94.4       30.9
IV.........  1,573.7  1,377.7   269.3   1,108.4     264.6       593.6     254.3    196.0    70.3       87.1      -16.8   125.6       95.9       29.7

1998:I.........  1,623.1  1,382.5   248.9   1,133.6     271.9       602.2     256.0    240.7   111.9       87.0       24.9   128.8       96.8       32.0
II.........  1,611.4  1,352.2   217.5   1,134.7     259.5       612.6     259.1    259.2   130.5       87.0       43.5   128.7       97.8       30.9
III........  1,664.1  1,367.7   224.8   1,142.9     251.1       625.0     263.3    296.4   147.1       87.5       59.6   149.3       99.4       49.9
IV.........  1,685.4  1,382.3   227.5   1,154.8     246.5       637.1     267.7    303.0   147.8       88.1       59.7   155.2      101.1       54.2

1999:I.........  1,727.8  1,389.4   195.1   1,194.3     277.6       645.8     271.0    338.3   187.2       89.6       97.6   151.1      102.4       48.7
II.........  1,709.5  1,359.3   168.0   1,191.3     259.5       657.2     274.6    350.2   208.3       90.2      118.1   141.9      104.3       37.6
III........  1,735.6  1,355.7   139.5   1,216.2     252.4       676.5     287.2    379.9   225.1       91.2      133.8   154.8      106.0       48.9
IV........  .......  .......   130.8  ........  ..........     685.6     283.2  .......  ......       92.1    .......  ......      107.8    .......
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Includes private wage accruals less disbursements not shown separately.
\2\With inventory valuation and capital consumption adjustments.

See next page for continuation of table.


[[Page 343]]


Table B-30.--Gross saving and investment, 1959-99--Continued
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Gross investment                                      Addenda:
----------------------------------------------------             ---------------------
Gross    Personal
Statistical   saving    saving as
Year or quarter                                        Gross        Gross                                    as a    a  percent
Total     private     government    Net  foreign  discrepancy   percent      of
domestic   investment\3\  investment\4\               of gross  disposable
investment                                             national    personal
product    income
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959.............................................................     106.7       78.5          29.3           -1.2          0.8        20.7        7.6

1960.............................................................     110.4       78.9          28.3            3.2          -.6        20.9        7.2
1961.............................................................     113.8       78.2          31.3            4.3          -.2        20.7        8.3
1962.............................................................     125.3       88.1          33.3            3.9           .7        21.1        8.3
1963.............................................................     132.4       93.8          33.6            5.0          -.4        21.3        7.8
1964.............................................................     144.2      102.1          34.6            7.5          1.2        21.4        8.8
1965.............................................................     160.0      118.2          35.6            6.2          1.9        21.8        8.6
1966.............................................................     175.6      131.3          40.4            3.9          6.4        21.3        8.3
1967.............................................................     175.9      128.6          43.8            3.5          4.8        20.4        9.4
1968.............................................................     187.6      141.2          44.7            1.7          4.3        20.0        8.4
1969.............................................................     202.7      156.4          44.4            1.8          2.9        20.1        7.8

1970.............................................................     201.2      152.4          44.8            4.0          6.9        18.6        9.4
1971.............................................................     222.7      178.2          44.0             .6         11.3        18.6       10.0
1972.............................................................     250.3      207.6          46.3           -3.6          8.7        19.3        8.9
1973.............................................................     302.6      244.5          49.4            8.7          8.0        21.1       10.5
1974.............................................................     314.0      249.4          57.4            7.1         10.0        20.0       10.7
1975.............................................................     316.1      230.2          64.5           21.4         17.7        18.1       10.6
1976.............................................................     367.2      292.0          66.4            8.9         24.5        18.6        9.4
1977.............................................................     419.8      361.3          67.5           -9.0         21.6        19.4        8.7
1978.............................................................     502.6      436.0          77.1          -10.4         21.0        20.8        9.0
1979.............................................................     580.6      490.6          88.5            1.4         35.7        21.0        9.2

1980.............................................................     589.5      477.9         100.3           11.4         33.9        19.6       10.2
1981.............................................................     684.0      570.8         106.9            6.3         27.5        20.7       10.8
1982.............................................................     628.2      516.1         112.3            -.2          2.5        19.0       10.9
1983.............................................................     655.0      564.2         122.8          -32.0         47.0        17.0        8.8
1984.............................................................     787.9      735.5         139.4          -87.0         18.6        19.4       10.6
1985.............................................................     784.2      736.3         158.8         -110.9         11.7        18.2        9.2
1986.............................................................     779.8      747.2         173.2         -140.6         43.9        16.5        8.2
1987.............................................................     813.8      781.5         184.3         -152.0          3.3        17.0        7.3
1988.............................................................     894.0      821.1         186.2         -113.2        -42.2        18.3        7.8
1989.............................................................     983.9      872.9         197.7          -86.7         16.3        17.6        7.5

1990.............................................................   1,008.2      861.7         215.8          -69.2         30.6        16.8        7.8
1991.............................................................   1,035.4      800.2         220.3           14.9         19.6        16.9        8.3
1992.............................................................   1,051.1      866.6         223.1          -38.7         43.7        15.9        8.7
1993.............................................................   1,103.2      955.1         220.9          -72.9         63.8        15.6        7.1
1994.............................................................   1,214.4    1,097.1         225.6         -108.3         58.5        16.3        6.1
1995.............................................................   1,284.0    1,143.8         238.2          -98.0         26.5        16.9        5.6
1996.............................................................   1,382.1    1,242.7         250.1         -110.7         32.8        17.2        4.8
1997.............................................................   1,518.1    1,383.7         258.1         -123.7         -3.2        18.3        4.5
1998.............................................................   1,598.4    1,531.2         268.7         -201.5        -47.6        18.8        3.7
1999............................................................  ........    1,621.6         296.4    .............  ...........  ........        2.4

1994:I...........................................................   1,175.1    1,042.0         215.7          -82.6         52.7        16.2        5.5
II...........................................................   1,227.0    1,106.4         222.2         -101.6         81.3        16.3        6.2
III..........................................................   1,205.7    1,094.0         233.3         -121.6         54.6        16.2        6.2
IV...........................................................   1,249.9    1,146.1         231.1         -127.3         45.3        16.7        6.5

1995:I...........................................................   1,291.7    1,162.8         236.4         -107.5         53.7        16.9        6.5
II...........................................................   1,258.0    1,133.1         241.0         -116.1         24.9        16.7        5.4
III..........................................................   1,263.3    1,123.5         236.4          -96.7          3.1        16.9        5.3
IV...........................................................   1,322.9    1,155.6         238.9          -71.6         24.4        17.2        5.2

1996:I...........................................................   1,330.0    1,172.4         248.3          -90.7         34.4        16.9        5.1
II...........................................................   1,377.7    1,231.5         253.0         -106.7         49.6        17.0        4.5
III..........................................................   1,397.9    1,282.6         249.9         -134.5         25.1        17.4        5.0
IV...........................................................   1,422.8    1,284.3         249.4         -111.0         22.3        17.5        4.6

1997:I...........................................................   1,461.8    1,327.0         252.1         -117.3         20.9        17.7        4.5
II...........................................................   1,546.3    1,392.2         257.9         -103.7         23.9        18.4        5.0
III..........................................................   1,530.7    1,395.9         261.5         -126.7        -17.5        18.5        4.2
IV...........................................................   1,533.7    1,419.6         261.0         -146.9        -40.0        18.6        4.4

1998:I...........................................................   1,624.6    1,514.3         262.4         -152.1          1.4        18.8        4.0
II...........................................................   1,569.9    1,495.0         266.3         -191.4        -41.5        18.6        3.5
III..........................................................   1,576.2    1,535.3         273.5         -232.6        -87.9        19.0        3.6
IV...........................................................   1,623.0    1,580.3         272.6         -229.9        -62.4        18.9        3.5

1999:I...........................................................   1,628.4    1,594.3         289.8         -255.7        -99.4        19.1        3.0
II...........................................................   1,574.0    1,585.4         292.2         -303.7       -135.5        18.7        2.5
III..........................................................   1,594.4    1,635.0         295.7         -336.3       -141.2        18.7        2.1
IV..........................................................  ........    1,671.8         308.1    .............  ...........  ........        1.9
--------------------------------------------------------------------------------------------------------------------------------------------------------
\3\For details on government investment, see Table B-18.
\4\Net exports of goods and services plus net income receipts from rest of the world less net transfers.

Source: Department of Commerce, Bureau of Economic Analysis.