[Economic Report of the President (2002)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
NATIONAL INCOME OR EXPENDITURE


Table B-1.--Gross domestic product, 1959-2001
[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    332.3      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..............................    8,318.4  5,529.3     642.5   1,641.6    3,245.2  1,390.5  1,327.7    999.4    255.8      743.6     328.2      62.9
1998..............................    8,781.5  5,856.0     693.2   1,708.5    3,454.3  1,538.7  1,465.6  1,101.2    282.4      818.9     364.4      73.1
1999..............................    9,268.6  6,250.2     760.9   1,831.3    3,658.0  1,636.7  1,578.2  1,174.6    283.5      891.1     403.5      58.6

2000..............................    9,872.9  6,728.4     819.6   1,989.6    3,919.2  1,767.5  1,718.1  1,293.1    313.6      979.5     425.1      49.4

1997: I...........................    8,124.2  5,429.9     635.1   1,626.8    3,168.0  1,324.2  1,275.5    955.5    246.9      708.6     320.0      48.8
II..........................    8,279.8  5,470.8     624.4   1,627.3    3,219.1  1,397.7  1,310.0    984.3    247.7      736.6     325.7      87.7
III.........................    8,390.9  5,575.9     652.4   1,653.1    3,270.4  1,405.7  1,355.8  1,026.0    260.6      765.4     329.8      49.9
IV..........................    8,478.6  5,640.6     658.3   1,659.0    3,323.3  1,434.5  1,369.3  1,031.8    267.9      764.0     337.5      65.1

1998: I...........................    8,627.8  5,719.9     666.8   1,675.8    3,377.3  1,528.7  1,422.0  1,074.8    273.2      801.6     347.2     106.7
II..........................    8,697.3  5,820.0     689.3   1,697.2    3,433.5  1,498.4  1,457.5  1,099.9    284.9      815.0     357.6      40.9
III.........................    8,816.5  5,895.1     691.7   1,716.7    3,486.7  1,538.6  1,469.1  1,098.6    283.9      814.7     370.5      69.5
IV..........................    8,984.5  5,989.1     725.1   1,744.4    3,519.6  1,589.3  1,513.9  1,131.7    287.5      844.2     382.2      75.4

1999: I...........................    9,093.1  6,080.7     731.6   1,776.4    3,572.8  1,621.3  1,541.1  1,145.3    284.8      860.6     395.8      80.2
II..........................    9,161.4  6,197.1     754.9   1,814.7    3,627.5  1,595.7  1,565.7  1,163.1    283.4      879.7     402.6      30.0
III.........................    9,297.4  6,298.4     767.9   1,841.4    3,689.1  1,631.7  1,592.7  1,187.2    280.3      906.9     405.5      39.1
IV..........................    9,522.5  6,424.7     789.4   1,892.9    3,742.4  1,698.1  1,613.2  1,202.9    285.6      917.3     410.3      84.9

2000: I...........................    9,668.7  6,581.9     820.7   1,942.5    3,818.7  1,709.0  1,678.1  1,250.9    295.8      955.1     427.1      30.9
II..........................    9,857.6  6,674.9     813.8   1,978.3    3,882.8  1,792.4  1,717.0  1,288.3    306.4      981.8     428.7      75.4
III.........................    9,937.5  6,785.5     825.4   2,012.4    3,947.7  1,788.4  1,735.9  1,314.9    321.1      993.8     421.0      52.5
IV..........................   10,027.9  6,871.4     818.7   2,025.1    4,027.5  1,780.3  1,741.6  1,318.2    330.9      987.3     423.4      38.7

2001: I...........................   10,141.7  6,977.6     838.1   2,047.1    4,092.4  1,722.8  1,748.3  1,311.2    345.8      965.4     437.0     -25.5
II..........................   10,202.6  7,044.6     844.7   2,062.3    4,137.6  1,669.9  1,706.5  1,260.2    338.6      921.7     446.2     -36.6
III.........................   10,224.9  7,057.6     840.6   2,057.5    4,159.4  1,624.8  1,682.6  1,231.0    334.3      896.8     451.6     -57.8
--------------------------------------------------------------------------------------------------------------------------------------------------------
See next page for continuation of table.


Table B-1.--Gross domestic product, 1959-2001--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-     chases
fense                                                           uct       \1\
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959.....................................................      -1.7      20.6       22.3     112.5      67.4      56.0      11.4     45.1      503.5      509.1      510.3        8.4        8.9

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.....................................................     -89.3     966.4    1,055.8   1,487.9     538.2     352.6     185.6    949.7    8,255.5    8,407.7    8,325.4        6.5        6.4
1998.....................................................    -151.7     964.9    1,116.7   1,538.5     539.2     349.1     190.1    999.3    8,708.4    8,933.3    8,778.1        5.6        6.3
1999.....................................................    -250.9     989.8    1,240.6   1,632.5     564.0     364.5     199.5  1,068.5    9,210.0    9,519.5    9,261.8        5.5        6.6

2000.....................................................    -364.0   1,102.9    1,466.9   1,741.0     590.2     375.4     214.8  1,150.8    9,823.6   10,236.9    9,860.8        6.5        7.5

1997: I..................................................     -89.2     927.8    1,017.1   1,459.2     529.2     346.4     182.8    930.0    8,075.4    8,213.4    8,131.8        7.3        7.8
II.................................................     -75.0     966.8    1,041.7   1,486.3     543.4     355.0     188.4    942.9    8,192.1    8,354.7    8,291.8        7.9        7.1
III................................................     -88.6     988.7    1,077.3   1,498.0     541.3     354.7     186.6    956.6    8,341.1    8,479.5    8,397.7        5.5        6.1
IV.................................................    -104.6     982.4    1,087.0   1,508.2     538.9     354.4     184.5    969.3    8,413.5    8,583.2    8,480.4        4.2        5.0

1998: I..................................................    -122.6     974.1    1,096.7   1,501.8     526.1     338.4     187.7    975.8    8,521.1    8,750.4    8,634.5        7.2        8.0
II.................................................    -154.9     959.2    1,114.1   1,533.8     542.9     348.8     194.2    990.9    8,656.4    8,852.2    8,700.3        3.3        4.7
III................................................    -165.3     946.7    1,112.0   1,548.1     539.5     354.7     184.8  1,008.6    8,747.0    8,981.8    8,802.1        5.6        6.0
IV.................................................    -164.1     979.7    1,143.8   1,570.3     548.4     354.7     193.7  1,021.9    8,909.1    9,148.6    8,975.4        7.8        7.6

1999: I..................................................    -199.7     960.2    1,160.0   1,590.9     549.8     356.1     193.6  1,041.1    9,012.9    9,292.9    9,089.5        4.9        6.5
II.................................................    -241.1     971.3    1,212.4   1,609.6     553.1     354.2     198.9  1,056.5    9,131.3    9,402.5    9,157.0        3.0        4.8
III................................................    -273.9     996.6    1,270.5   1,641.2     565.6     366.7     199.0  1,075.6    9,258.4    9,571.4    9,283.8        6.1        7.4
IV.................................................    -288.7   1,031.0    1,319.7   1,688.3     587.6     381.1     206.5  1,100.7    9,437.6    9,811.2    9,517.0       10.0       10.4

2000: I..................................................    -333.9   1,059.7    1,393.6   1,711.8     578.5     366.6     211.9  1,133.2    9,637.8   10,002.6    9,650.7        6.3        8.0
II.................................................    -350.8   1,099.7    1,450.4   1,741.1     601.0     380.4     220.6  1,140.1    9,782.2   10,208.4    9,841.0        8.0        8.5
III................................................    -380.6   1,131.1    1,511.8   1,744.2     587.0     372.1     214.9  1,157.2    9,884.9   10,318.1    9,919.4        3.3        4.4
IV.................................................    -390.6   1,121.0    1,511.6   1,766.8     594.2     382.4     211.8  1,172.6    9,989.2   10,418.5   10,032.1        3.7        4.0

2001: I..................................................    -363.8   1,117.4    1,481.2   1,805.2     605.3     392.9     212.4  1,199.8   10,167.2   10,505.6   10,131.3        4.6        3.4
II.................................................    -347.4   1,079.6    1,427.0   1,835.4     609.9     396.1     213.8  1,225.5   10,239.1   10,549.9   10,190.9        2.4        1.7
III................................................    -294.4   1,020.6    1,315.0   1,836.9     615.7     399.6     216.1  1,221.2   10,282.7   10,519.3   10,213.8         .9       -1.2
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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.