[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-2002 [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 58.1 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 86.6 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 96.9 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 52.7 101.1 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 52.6 104.3 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........... 481.6 439.1 145.4 293.6 82.9 134.5 76.2 42.5 -.6 26.3 -26.9 43.1 24.4 18.7 1979........... 544.9 487.8 165.8 321.9 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........... 656.5 631.7 243.7 387.9 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........... 936.2 943.0 292.3 650.6 138.3 344.3 168.1 -6.7 -77.2 60.2 -137.4 70.5 54.9 15.6 1989........... 967.6 955.1 301.8 653.2 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 1,098.9 371.7 727.3 119.2 411.2 196.8 -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 .......... 1,704.1 1,356.1 174.0 1,182.0 229.6 665.5 281.8 348.1 203.4 91.5 111.9 144.7 106.4 38.3 2000 .......... 1,807.9 1,372.1 201.5 1,170.5 152.6 721.1 296.8 435.8 302.8 95.9 206.9 133.0 115.0 18.0 2001........... 1,662.4 1,399.3 169.7 1,229.5 122.7 789.1 317.7 263.1 170.7 98.7 72.0 92.4 123.7 -31.3 1998: I........ 1,610.0 1,369.0 307.9 1,061.0 198.1 605.1 258.5 241.1 107.0 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........ 1,743.0 1,412.5 253.9 1,158.6 233.1 646.4 274.0 330.5 178.6 89.9 88.7 151.9 103.5 48.4 II....... 1,692.7 1,352.2 179.9 1,172.3 232.3 657.1 277.7 340.6 203.8 90.9 112.9 136.8 105.5 31.3 III...... 1,671.2 1,320.8 133.3 1,187.5 217.4 675.0 290.0 350.4 209.4 92.0 117.4 141.0 107.2 33.8 IV ...... 1,709.7 1,338.8 129.0 1,209.8 235.6 683.4 285.7 370.9 221.9 93.2 128.8 149.0 109.3 39.6 2000: I........ 1,815.7 1,353.7 179.4 1,174.3 185.7 698.6 290.0 462.0 317.7 94.5 223.2 144.2 111.5 32.7 II....... 1,813.6 1,386.5 207.5 1,179.0 170.4 714.1 294.6 427.1 292.8 95.5 197.2 134.3 114.1 20.2 III ..... 1,828.9 1,383.7 211.5 1,172.2 144.2 728.9 299.1 445.2 309.7 96.5 213.2 135.4 116.3 19.2 IV ...... 1,773.4 1,364.4 207.7 1,156.7 110.2 742.8 303.7 409.0 291.0 97.2 193.8 118.0 118.1 -.2 2001: I........ 1,699.0 1,324.1 173.7 1,150.4 86.3 755.9 308.2 374.9 271.5 97.7 173.8 103.4 119.9 -16.5 II....... 1,670.6 1,338.4 141.6 1,196.8 101.9 772.3 322.6 332.2 243.0 98.6 144.4 89.2 121.5 -32.3 III...... 1,665.6 1,535.6 302.2 1,233.4 79.5 835.6 318.2 130.0 47.3 99.0 -51.7 82.7 128.9 -46.2 IV....... 1,614.4 1,399.0 61.5 1,337.5 223.0 792.6 321.9 215.3 121.1 99.7 21.3 94.3 124.5 -30.2 2002: I........ 1,603.2 1,578.3 270.4 1,307.9 171.0 808.3 328.6 24.9 -45.2 100.6 -145.8 70.1 125.9 -55.8 II....... 1,604.0 1,616.1 314.3 1,301.8 140.5 826.1 335.1 -12.1 -94.3 101.3 -195.6 82.2 127.3 -45.1 III...... 1,573.7 1,596.4 303.0 1,293.4 118.6 836.1 338.7 -22.7 -98.4 102.2 -200.7 75.8 128.3 -52.5 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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, 1959-2002--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 ............................................................ 1,665.4 1,636.7 304.7 -276.0 -38.8 18.3 2.6 2000 ............................................................ 1,679.4 1,755.4 319.8 -395.8 -128.5 18.4 2.8 2001............................................................. 1,545.1 1,586.0 335.8 -376.7 -117.3 16.5 2.3 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.......................................................... 1,689.7 1,618.0 292.7 -221.0 -53.3 19.1 3.9 II......................................................... 1,636.5 1,597.8 302.9 -264.2 -56.2 18.4 2.7 III........................................................ 1,639.7 1,637.9 306.1 -304.2 -31.5 17.9 2.0 IV ........................................................ 1,695.6 1,693.2 317.1 -314.7 -14.1 17.9 1.9 2000: I.......................................................... 1,677.0 1,711.4 322.5 -356.9 -138.7 18.8 2.6 II......................................................... 1,726.8 1,786.3 317.5 -377.1 -86.8 18.4 2.9 III ....................................................... 1,664.9 1,766.4 317.7 -419.1 -164.0 18.5 2.9 IV ........................................................ 1,648.9 1,757.4 321.5 -430.0 -124.5 17.8 2.9 2001: I.......................................................... 1,593.2 1,671.1 331.6 -409.5 -105.7 16.9 2.4 II......................................................... 1,557.7 1,597.2 343.0 -382.5 -112.9 16.6 1.9 III ....................................................... 1,547.8 1,574.9 323.7 -350.8 -117.8 16.5 4.0 IV ........................................................ 1,481.8 1,500.7 345.0 -363.9 -132.6 15.8 .8 2002: I.......................................................... 1,493.2 1,559.4 355.5 -421.7 -110.0 15.5 3.5 II......................................................... 1,439.0 1,588.0 348.2 -497.2 -165.0 15.5 4.0 III........................................................ 1,453.4 1,597.3 351.7 -495.6 -120.3 15.0 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.