[Economic Report of the President (2002)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-2001 [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........... 1,647.2 1,375.0 301.5 1,073.5 189.9 620.2 264.2 272.2 132.0 88.2 43.8 140.2 99.5 40.7 1999 .......... 1,707.4 1,348.0 160.9 1,187.1 228.7 669.2 284.1 359.4 210.9 91.7 119.2 148.5 106.4 42.1 2000 .......... 1,785.7 1,323.0 67.7 1,255.3 225.3 727.1 302.8 462.7 315.0 96.4 218.6 147.8 114.9 32.8 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........ 1,610.0 1,369.0 307.9 1,061.1 198.1 605.1 258.5 241.1 107.0 87.4 19.6 134.1 97.4 36.7 II....... 1,617.2 1,366.0 309.1 1,056.9 181.4 614.2 262.0 251.2 120.7 87.8 33.0 130.5 98.4 32.0 III...... 1,681.7 1,391.8 311.4 1,080.4 190.0 625.1 266.0 289.9 154.1 88.5 65.7 135.8 100.2 35.6 IV ...... 1,679.8 1,373.4 277.6 1,095.8 190.1 636.2 270.2 306.4 146.1 89.1 57.0 160.3 101.9 58.4 1999: I........ 1,730.6 1,402.7 230.4 1,172.3 243.9 648.3 275.0 327.9 175.4 90.2 85.2 152.5 103.6 48.9 II....... 1,693.3 1,344.0 175.2 1,168.8 222.7 661.0 279.9 349.3 207.6 91.1 116.5 141.7 105.5 36.2 III...... 1,694.4 1,324.8 140.8 1,184.0 207.3 679.5 292.0 369.6 224.1 92.1 132.0 145.5 107.2 38.3 IV ...... 1,711.2 1,320.4 97.2 1,223.2 240.7 687.9 289.4 390.8 236.5 93.4 143.1 154.3 109.4 44.9 2000: I........ 1,736.2 1,283.8 53.5 1,230.3 231.7 703.6 295.0 452.5 307.7 94.9 212.8 144.8 111.6 33.2 II....... 1,799.4 1,345.8 88.1 1,257.7 238.6 719.1 299.9 453.7 305.0 95.9 209.1 148.7 114.0 34.7 III ..... 1,807.4 1,329.6 54.5 1,275.1 233.9 736.0 305.2 477.8 326.9 97.0 229.9 150.9 116.1 34.8 IV ...... 1,799.7 1,332.7 74.7 1,258.0 197.0 749.7 311.3 467.1 320.5 97.9 222.5 146.6 118.0 28.6 2001: I........ 1,754.0 1,307.9 78.8 1,229.1 147.8 763.8 317.5 446.1 303.7 98.4 205.3 142.5 120.2 22.3 II....... 1,750.5 1,321.2 81.5 1,239.7 119.5 785.6 334.6 429.3 286.2 99.4 186.7 143.2 121.9 21.3 III...... 1,751.9 1,534.4 285.3 1,249.1 71.7 847.0 330.4 217.6 86.2 99.8 -13.6 131.4 129.5 1.9 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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, 1959-2001--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............................................................. 1,616.2 1,538.7 277.1 -199.7 -31.0 18.8 4.7 1999 ............................................................ 1,634.7 1,636.7 304.6 -306.6 -72.7 18.4 2.4 2000 ............................................................ 1,655.3 1,767.5 318.3 -430.5 -130.4 18.1 1.0 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.......................................................... 1,638.5 1,528.7 265.3 -155.5 28.5 18.6 4.9 II......................................................... 1,580.0 1,498.4 274.1 -192.5 -37.2 18.6 4.9 III........................................................ 1,600.0 1,538.6 284.1 -222.7 -81.7 19.1 4.9 IV......................................................... 1,646.2 1,589.3 284.9 -228.0 -33.6 18.7 4.3 1999: I.......................................................... 1,669.3 1,621.3 295.7 -247.6 -61.3 19.0 3.5 II......................................................... 1,606.1 1,595.7 302.5 -292.1 -87.2 18.5 2.7 III........................................................ 1,600.3 1,631.7 303.3 -334.7 -94.1 18.3 2.1 IV ........................................................ 1,662.8 1,698.1 316.8 -352.2 -48.4 18.0 1.4 2000: I.......................................................... 1,630.3 1,709.0 321.2 -399.8 -105.9 18.0 .8 II......................................................... 1,690.0 1,792.4 315.0 -417.4 -109.5 18.3 1.3 III ....................................................... 1,651.1 1,788.4 314.0 -451.3 -156.3 18.2 .8 IV ........................................................ 1,649.7 1,780.3 322.8 -453.4 -150.0 17.9 1.0 2001: I.......................................................... 1,633.5 1,722.8 330.9 -420.2 -120.5 17.3 1.1 II......................................................... 1,607.3 1,669.9 344.0 -406.6 -143.2 17.2 1.1 III ....................................................... 1,602.3 1,624.8 331.9 -354.5 -149.7 17.2 3.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.