[Economic Report of the President (2001)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-32.--Gross saving and investment, 1959-2000
[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     corpo-     tion of   tion of            Total    of  fixed     or     Total    of  fixed     or
\1\       rate       fixed     fixed                      capital    deficit            capital    deficit
profits    capital   capital                                   (-)                           (-)
---------------------------------------------------------\2\--------------------------------------------------------------------------------------------
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      16.8        25.2      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      22.6        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      25.2        27.2      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        28.7      19.7     25.5    13.4       12.5         .8    12.1        5.7        6.4
1965...........    158.1    129.4    42.7      86.7      34.9        30.8      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      37.6        33.7      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      35.4        37.1      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      33.6        41.1      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      29.8        45.6      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      23.0        50.5      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      32.4        55.4      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      41.1        60.9      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      44.8        66.8      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      29.5        78.5      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      49.1        94.0      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      57.3       104.5      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      73.1       117.5      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      82.9       134.5      76.2     42.5     -.6       26.3      -26.9    43.1       24.4       18.7
1979...........    544.9    487.8   165.8     322.0      77.0       156.4      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      49.6       181.1     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      64.1       210.1     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      61.9       233.4     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      93.2       244.4     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     124.7       260.2     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     128.3       280.9     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      88.0       302.1     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     107.3       320.8     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     138.3       344.3     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      99.2       370.6     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     102.4       391.1     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     119.2       411.2     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     124.4       427.9     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     142.0       448.5     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     151.6       482.7     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     203.6       512.1     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     232.7       543.5     238.5     58.9   -51.5       85.3     -136.8   110.4       88.9       21.4
1997...........  1,502.3  1,343.7   252.9   1,090.8     261.3       581.5     250.9    158.6    33.4       86.8      -53.3   125.1       94.2       31.0
1998...........  1,654.4  1,375.7   265.4   1,110.3     218.9       624.3     265.1    278.7   137.4       88.4       49.0   141.2       99.5       41.7
1999 ..........  1,717.6  1,343.5   147.6   1,195.9     229.4       676.9     284.5    374.0   217.3       92.8      124.4   156.8      106.8       50.0

1995: I........  1,238.0  1,264.9   346.0     918.9     178.4       497.5     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     195.6       507.8     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     222.0       516.3     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     218.4       527.0     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     230.8       531.5     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     232.6       538.7     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     228.4       547.5     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     238.9       556.2     242.7     92.0   -18.0       85.7     -103.7   109.9       90.7       19.3

1997: I........  1,422.1  1,306.8   248.1   1,058.7     250.1       565.6     245.9    115.3     -.3       86.2      -86.5   115.6       92.1       23.5
II.......  1,492.9  1,354.2   270.1   1,084.1     261.9       576.0     249.1    138.7    18.5       86.6      -68.0   120.2       93.6       26.6
III......  1,528.4  1,345.1   236.0   1,109.1     272.5       587.0     252.6    183.3    53.1       86.8      -33.7   130.2       94.7       35.5
IV.......  1,565.8  1,368.8   257.3   1,111.5     260.8       597.6     256.0    197.0    62.4       87.5      -25.0   134.6       96.3       38.3

1998: I........  1,634.3  1,385.3   285.6   1,099.7     231.6       606.8     259.2    248.9   113.4       87.5       25.9   135.5       97.4       38.1
II.......  1,633.1  1,371.4   270.2   1,101.2     218.4       617.8     262.8    261.7   129.8       87.9       41.9   131.9       98.5       33.4
III......  1,676.7  1,378.3   261.6   1,116.7     217.6       630.1     267.0    298.4   160.6       88.7       71.9   137.8      100.3       37.5
IV ......  1,673.5  1,367.9   244.0   1,123.9     208.0       642.5     271.3    305.7   145.9       89.5       56.4   159.8      102.1       57.7

1999: I........  1,715.5  1,383.2   204.6   1,178.6     243.1       654.4     276.0    332.3   180.6       90.9       89.7   151.7      103.7       47.9
II.......  1,691.7  1,338.5   163.6   1,174.9     218.7       670.7     280.3    353.3   209.5       92.0      117.5   143.7      105.8       38.0
III......  1,716.8  1,321.1   121.1   1,200.0     214.0       687.7     293.1    395.7   240.6       93.4      147.3   155.1      107.7       47.4
IV ......  1,746.3  1,331.4   101.0   1,230.4     241.7       694.8     288.7    414.9   238.4       95.0      143.3   176.6      109.9       66.6

2000: I........  1,777.0  1,279.2    11.0   1,268.2     262.7       711.5     294.1    497.7   333.0       97.2      235.8   164.7      112.7       52.0
II.......  1,844.5  1,328.8    20.6   1,308.2     278.5       731.1     298.7    515.7   339.9       98.9      240.9   175.8      115.6       60.1
III .....  1,854.7  1,319.2   -13.8   1,333.0     279.6       750.0     303.3    535.5   354.1      100.8      253.3   181.4      118.2       63.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.


Table B-32.--Gross saving and investment, 1959-2000--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     investment                of gross  disposable
investment       \3\            \4\                    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.............................................................   1,532.1    1,390.5         264.6         -123.1         29.7        18.0        4.2
1998.............................................................   1,629.6    1,549.9         278.8         -199.1        -24.8        18.8        4.2
1999 ............................................................   1,645.6    1,650.1         308.7         -313.2        -71.9        18.5        2.2

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..........................................................   1,462.8    1,324.2         256.0         -117.5         40.6        17.5        4.2
II.........................................................   1,562.4    1,397.7         264.8         -100.2         69.5        18.0        4.6
III........................................................   1,555.4    1,405.7         269.8         -120.2         26.9        18.2        3.9
IV.........................................................   1,547.8    1,434.5         267.7         -154.4        -18.0        18.5        4.2

1998: I..........................................................   1,650.6    1,532.1         269.9         -151.3         16.4        18.9        4.6
II.........................................................   1,612.3    1,523.9         277.6         -189.3        -20.8        18.7        4.3
III........................................................   1,613.0    1,553.0         284.7         -224.7        -63.7        19.0        4.1
IV.........................................................   1,642.6    1,590.8         283.1         -231.3        -31.0        18.7        3.8

1999: I..........................................................   1,661.9    1,609.8         298.9         -246.8        -53.6        18.9        3.1
II.........................................................   1,614.9    1,607.9         303.5         -296.5        -76.8        18.4        2.5
III........................................................   1,627.3    1,659.1         308.0         -339.8        -89.5        18.4        1.8
IV ........................................................   1,678.5    1,723.7         324.4         -369.6        -67.8        18.3        1.5

2000: I..........................................................   1,699.3    1,755.7         334.2         -390.7        -77.7        18.2         .2
II.........................................................   1,771.9    1,852.6         331.9         -412.5        -72.5        18.6         .3
III .......................................................   1,752.8    1,869.3         333.6         -450.1       -101.8        18.5        -.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
\3\ For details on government investment, see Table B-20.
\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.