[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] NATIONAL INCOME OR EXPENDITURE Table B-1.--Gross domestic product, 1959-2002 [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.............................. 9,274.3 6,246.5 755.9 1,830.1 3,660.5 1,636.7 1,577.2 1,173.5 283.7 889.8 403.7 59.5 2000.............................. 9,824.6 6,683.7 803.9 1,972.9 3,906.9 1,755.4 1,691.8 1,265.8 314.2 951.6 426.0 63.6 2001.............................. 10,082.2 6,987.0 835.9 2,041.3 4,109.9 1,586.0 1,646.3 1,201.6 324.5 877.1 444.8 -60.3 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........................... 9,092.7 6,076.6 728.7 1,773.1 3,574.8 1,618.0 1,543.3 1,150.0 285.5 864.5 393.3 74.7 II.......................... 9,171.7 6,195.6 749.9 1,814.4 3,631.3 1,597.8 1,570.1 1,167.7 283.0 884.7 402.4 27.7 III......................... 9,316.5 6,299.4 765.1 1,841.3 3,693.1 1,637.9 1,591.1 1,184.5 279.9 904.6 406.5 46.8 IV.......................... 9,516.4 6,414.5 779.9 1,891.7 3,742.9 1,693.2 1,604.3 1,191.9 286.3 905.5 412.5 88.9 2000: I........................... 9,649.5 6,552.2 808.4 1,926.9 3,816.9 1,711.4 1,664.6 1,236.6 299.5 937.1 428.0 46.8 II.......................... 9,820.7 6,638.7 799.3 1,964.9 3,874.5 1,786.3 1,697.1 1,268.3 308.5 959.8 428.8 89.2 III......................... 9,874.8 6,736.1 810.6 1,988.9 3,936.6 1,766.4 1,705.2 1,283.4 320.9 962.5 421.8 61.1 IV.......................... 9,953.6 6,808.0 797.2 2,011.1 3,999.7 1,757.4 1,700.4 1,274.8 328.0 946.8 425.6 57.1 2001: I........................... 10,028.1 6,904.7 816.8 2,031.5 4,109.9 1,671.1 1,698.3 1,258.3 333.7 924.6 440.0 -27.2 II.......................... 10,049.9 6,959.8 820.3 2,044.8 4,094.7 1,597.2 1,654.3 1,210.0 329.9 880.2 444.2 -57.1 III......................... 10,097.7 6,983.7 824.0 2,044.3 4,115.4 1,574.9 1,635.5 1,188.1 332.0 856.1 447.4 -60.6 IV.......................... 10,152.9 7,099.9 882.6 2,044.4 4,172.9 1,500.7 1,597.2 1,149.8 302.3 847.4 447.4 -96.5 2002: I........................... 10,313.1 7,174.2 859.0 2,085.1 4,230.1 1,559.4 1,589.4 1,126.8 288.3 838.5 462.6 -29.9 II.......................... 10,376.9 7,254.7 856.9 2,108.2 4,289.5 1,588.0 1,584.6 1,115.8 275.2 840.7 468.7 3.4 III......................... 10,506.2 7,360.7 897.8 2,116.9 4,346.0 1,597.3 1,579.7 1,109.8 259.4 850.4 469.9 17.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- See next page for continuation of table. Table B-1.--Gross domestic product, 1959-2002--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..................................................... -249.9 989.3 1,239.2 1,641.0 565.0 364.3 200.7 1,076.0 9,214.8 9,524.2 9,297.1 5.6 6.6 2000..................................................... -365.5 1,101.1 1,466.6 1,751.0 589.2 374.9 214.3 1,161.8 9,761.1 10,190.1 9,848.0 5.9 7.0 2001..................................................... -348.9 1,034.1 1,383.0 1,858.0 628.1 399.9 228.2 1,229.9 10,142.5 10,431.0 10,104.1 2.6 2.4 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.................................................. -196.4 959.2 1,155.6 1,594.6 550.0 354.0 196.0 1,044.5 9,018.0 9,289.1 9,112.7 4.9 6.3 II................................................. -241.8 970.2 1,212.0 1,620.1 556.1 355.1 201.0 1,064.0 9,144.0 9,413.5 9,195.9 3.5 5.5 III................................................ -274.6 996.8 1,271.4 1,653.9 569.0 368.7 200.3 1,084.8 9,269.7 9,591.2 9,333.6 6.5 7.8 IV................................................. -286.7 1,031.2 1,317.9 1,695.4 584.9 379.5 205.5 1,110.5 9,427.5 9,803.1 9,546.0 8.9 9.1 2000: I.................................................. -330.6 1,055.9 1,386.5 1,716.5 575.7 365.5 210.2 1,140.8 9,602.6 9,980.1 9,670.5 5.7 7.4 II................................................. -353.2 1,098.0 1,451.1 1,748.8 598.5 379.1 219.4 1,150.3 9,731.5 10,173.9 9,846.4 7.3 8.0 III................................................ -384.9 1,130.9 1,515.8 1,757.2 589.7 375.0 214.7 1,167.4 9,813.6 10,259.7 9,892.5 2.2 3.4 IV................................................. -393.2 1,119.8 1,513.0 1,781.4 592.9 380.0 213.0 1,188.5 9,896.6 10,346.8 9,982.8 3.2 3.4 2001: I.................................................. -372.7 1,100.0 1,472.8 1,825.0 613.3 391.4 221.9 1,211.7 10,055.3 10,400.8 10,038.0 3.0 2.1 II................................................. -365.7 1,059.7 1,425.3 1,858.5 624.8 395.2 229.6 1,233.7 10,107.0 10,415.5 10,081.0 .9 .6 III................................................ -312.6 1,005.8 1,318.4 1,851.7 627.4 400.3 227.2 1,224.3 10,158.3 10,410.4 10,109.3 1.9 -.2 IV................................................. -344.5 971.1 1,315.6 1,896.8 646.9 412.8 234.1 1,249.8 10,249.4 10,497.4 10,188.1 2.2 3.4 2002: I.................................................. -360.1 977.5 1,337.5 1,939.5 672.0 431.7 240.3 1,267.5 10,343.0 10,673.1 10,314.9 6.5 6.9 II................................................. -425.6 1,018.1 1,443.7 1,959.8 688.2 442.1 246.1 1,271.6 10,373.5 10,802.4 10,356.8 2.5 4.9 III................................................ -432.9 1,038.6 1,471.5 1,981.1 697.7 451.2 246.5 1,283.3 10,488.7 10,939.1 10,495.3 5.1 5.2 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.