[Economic Report of the President (2003)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
NATIONAL INCOME OR EXPENDITURE


Table B-1.--Gross domestic product, 1959-2002
[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
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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.