[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] Table B-2.--Real gross domestic product, 1959-2002 [Billions of chained (1996) 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 Non- -------------------------------- in pri- product Total Durable durable Services Total Equip- vate goods goods Total ment Residential inven- Total Structures and tories soft- ware ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959.............................................................. 2,319.0 1,470.7 ........ ......... ........ 272.9 ........ ........ .......... ........ ........... ........ 1960.............................................................. 2,376.7 1,510.8 ........ ......... ........ 272.8 ........ ........ .......... ........ ........... ........ 1961.............................................................. 2,432.0 1,541.2 ........ ......... ........ 271.0 ........ ........ .......... ........ ........... ........ 1962.............................................................. 2,578.9 1,617.3 ........ ......... ........ 305.3 ........ ........ .......... ........ ........... ........ 1963.............................................................. 2,690.4 1,684.0 ........ ......... ........ 325.7 ........ ........ .......... ........ ........... ........ 1964.............................................................. 2,846.5 1,784.8 ........ ......... ........ 352.6 ........ ........ .......... ........ ........... ........ 1965.............................................................. 3,028.5 1,897.6 ........ ......... ........ 402.0 ........ ........ .......... ........ ........... ........ 1966.............................................................. 3,227.5 2,006.1 ........ ......... ........ 437.3 ........ ........ .......... ........ ........... ........ 1967.............................................................. 3,308.3 2,066.2 ........ ......... ........ 417.2 ........ ........ .......... ........ ........... ........ 1968.............................................................. 3,466.1 2,184.2 ........ ......... ........ 441.3 ........ ........ .......... ........ ........... ........ 1969.............................................................. 3,571.4 2,264.8 ........ ......... ........ 466.9 ........ ........ .......... ........ ........... ........ 1970.............................................................. 3,578.0 2,317.5 ........ ......... ........ 436.2 ........ ........ .......... ........ ........... ........ 1971.............................................................. 3,697.7 2,405.2 ........ ......... ........ 485.8 ........ ........ .......... ........ ........... ........ 1972.............................................................. 3,898.4 2,550.5 ........ ......... ........ 543.0 ........ ........ .......... ........ ........... ........ 1973.............................................................. 4,123.4 2,675.9 ........ ......... ........ 606.5 ........ ........ .......... ........ ........... ........ 1974.............................................................. 4,099.0 2,653.7 ........ ......... ........ 561.7 ........ ........ .......... ........ ........... ........ 1975.............................................................. 4,084.4 2,710.9 ........ ......... ........ 462.2 ........ ........ .......... ........ ........... ........ 1976.............................................................. 4,311.7 2,868.9 ........ ......... ........ 555.5 ........ ........ .......... ........ ........... ........ 1977.............................................................. 4,511.8 2,992.1 ........ ......... ........ 639.4 ........ ........ .......... ........ ........... ........ 1978.............................................................. 4,760.6 3,124.7 ........ ......... ........ 713.0 ........ ........ .......... ........ ........... ........ 1979.............................................................. 4,912.1 3,203.2 ........ ......... ........ 735.4 ........ ........ .......... ........ ........... ........ 1980.............................................................. 4,900.9 3,193.0 ........ ......... ........ 655.3 ........ ........ .......... ........ ........... ........ 1981.............................................................. 5,021.0 3,236.0 ........ ......... ........ 715.6 ........ ........ .......... ........ ........... ........ 1982.............................................................. 4,919.3 3,275.5 ........ ......... ........ 615.2 ........ ........ .......... ........ ........... ........ 1983.............................................................. 5,132.3 3,454.3 ........ ......... ........ 673.7 ........ ........ .......... ........ ........... ........ 1984.............................................................. 5,505.2 3,640.6 ........ ......... ........ 871.5 ........ ........ .......... ........ ........... ........ 1985.............................................................. 5,717.1 3,820.9 ........ ......... ........ 863.4 ........ ........ .......... ........ ........... ........ 1986.............................................................. 5,912.4 3,981.2 ........ ......... ........ 857.7 ........ ........ .......... ........ ........... ........ 1987.............................................................. 6,113.3 4,113.4 455.2 1,274.5 2,379.3 879.3 856.0 572.5 224.3 360.0 290.7 29.6 1988.............................................................. 6,368.4 4,279.5 481.5 1,315.1 2,477.2 902.8 887.1 603.6 227.1 386.9 289.2 18.4 1989.............................................................. 6,591.8 4,393.7 491.7 1,351.0 2,546.0 936.5 911.2 637.0 232.7 414.0 277.3 29.6 1990.............................................................. 6,707.9 4,474.5 487.1 1,369.6 2,616.2 907.3 894.6 641.7 236.1 415.7 253.5 16.5 1991.............................................................. 6,676.4 4,466.6 454.9 1,364.0 2,651.8 829.5 832.5 610.1 210.1 407.2 221.1 -1.0 1992.............................................................. 6,880.0 4,594.5 479.0 1,389.7 2,729.7 899.8 886.5 630.6 197.3 437.5 257.2 17.1 1993.............................................................. 7,062.6 4,748.9 518.3 1,430.3 2,802.5 977.9 958.4 683.6 198.9 487.1 276.0 20.0 1994.............................................................. 7,347.7 4,928.1 557.7 1,485.1 2,886.2 1,107.0 1,045.9 744.6 200.5 544.9 302.7 66.8 1995.............................................................. 7,543.8 5,075.6 583.5 1,529.0 2,963.4 1,140.6 1,109.2 817.5 210.1 607.6 291.7 30.4 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.............................................................. 8,159.5 5,423.9 657.3 1,619.9 3,147.0 1,393.3 1,328.6 1,009.3 245.4 764.2 319.7 63.8 1998.............................................................. 8,508.9 5,683.7 726.7 1,686.4 3,273.4 1,558.0 1,480.0 1,135.9 262.2 875.4 345.1 76.7 1999 ............................................................. 8,859.0 5,964.5 812.5 1,765.1 3,395.4 1,660.5 1,595.2 1,228.4 258.6 975.9 368.3 62.8 2000.............................................................. 9,191.4 6,223.9 878.9 1,833.8 3,524.5 1,762.9 1,691.9 1,324.2 275.5 1,056.0 372.4 65.0 2001.............................................................. 9,214.5 6,377.2 931.9 1,869.8 3,594.9 1,574.6 1,627.4 1,255.1 270.9 988.2 373.5 -61.4 1998: I........................................................... 8,396.3 5,576.3 692.5 1,656.3 3,228.4 1,543.3 1,431.4 1,099.5 255.7 845.0 333.0 113.1 II.......................................................... 8,442.9 5,660.2 719.7 1,680.5 3,262.3 1,516.8 1,471.4 1,132.3 264.8 868.6 340.5 42.0 III......................................................... 8,528.5 5,713.7 727.1 1,693.6 3,295.2 1,559.7 1,485.4 1,136.6 263.0 875.1 349.5 71.8 IV.......................................................... 8,667.9 5,784.7 767.3 1,715.3 3,307.6 1,612.1 1,531.7 1,175.4 265.1 912.9 357.4 80.0 1999: I........................................................... 8,733.2 5,851.4 777.6 1,736.1 3,343.6 1,640.3 1,560.5 1,197.5 262.4 939.1 364.1 80.0 II.......................................................... 8,775.5 5,932.8 804.2 1,756.7 3,379.7 1,620.5 1,587.6 1,220.4 258.9 967.1 368.4 31.2 III......................................................... 8,886.9 6,000.1 824.1 1,767.7 3,417.4 1,663.4 1,610.6 1,243.3 254.7 996.1 369.2 47.6 IV ......................................................... 9,040.1 6,073.6 844.2 1,799.9 3,440.7 1,717.8 1,622.2 1,252.4 258.5 1,001.2 371.7 92.2 2000: I........................................................... 9,097.4 6,151.9 879.5 1,809.7 3,477.7 1,727.8 1,673.6 1,297.1 267.0 1,038.0 379.1 45.3 II.......................................................... 9,205.7 6,198.2 871.3 1,831.6 3,508.2 1,798.1 1,700.9 1,329.1 272.3 1,065.3 376.2 91.5 III......................................................... 9,218.7 6,256.8 888.5 1,840.9 3,541.7 1,770.3 1,701.7 1,340.7 280.2 1,067.7 367.2 63.1 IV ......................................................... 9,243.8 6,288.8 876.5 1,853.1 3,570.6 1,755.2 1,691.3 1,329.9 282.7 1,053.1 367.2 59.9 2001: I........................................................... 9,229.9 6,326.0 900.6 1,863.7 3,576.3 1,661.8 1,682.1 1,311.4 280.4 1,036.1 374.5 -26.9 II.......................................................... 9,193.1 6,348.0 912.4 1,862.3 3,589.3 1,583.5 1,633.5 1,261.0 274.4 989.9 374.0 -58.3 III......................................................... 9,186.4 6,370.9 922.6 1,868.3 3,597.5 1,562.7 1,615.7 1,241.7 276.3 966.4 374.3 -61.8 IV ......................................................... 9,248.8 6,464.0 992.0 1,885.0 3,616.6 1,490.3 1,578.4 1,206.4 252.7 960.3 371.0 -98.4 2002: I........................................................... 9,363.2 6,513.8 975.9 1,921.4 3,642.2 1,554.0 1,576.4 1,188.4 243.2 953.7 383.6 -28.9 II.......................................................... 9,392.4 6,542.4 980.7 1,920.9 3,666.2 1,583.9 1,572.6 1,181.1 231.7 961.4 386.1 4.9 III......................................................... 9,485.6 6,609.9 1,032.4 1,925.8 3,687.0 1,598.0 1,571.6 1,178.7 218.2 977.2 387.1 18.8 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ See next page for continuation of table. Table B-2.--Real gross domestic product, 1959-2002--Continued [Billions of chained (1996) 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 domes- dum: -------------------- Year or quarter ---------------------------- of tic pur- Gross Gross Gross Net State domes- chases national domes- domes- exports Exports Imports Total Nation- Non- and tic \1\ prod- uct tic tic pur- Total al de- de- local product \2\ prod- chases fense fense uct \1\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959........................................................ ........ 72.4 106.6 661.4 ....... ........ ....... ......... 2,317.4 2,377.2 2,332.8 7.2 7.6 1960........................................................ ........ 87.5 108.0 661.3 ....... ........ ....... ......... 2,378.5 2,417.5 2,391.9 2.5 1.7 1961........................................................ ........ 88.9 107.3 693.2 ....... ........ ....... ......... 2,435.5 2,471.5 2,448.8 2.3 2.2 1962........................................................ ........ 93.7 119.5 735.0 ....... ........ ....... ......... 2,569.5 2,626.9 2,598.0 6.0 6.3 1963........................................................ ........ 100.7 122.7 752.4 ....... ........ ....... ......... 2,683.6 2,734.7 2,710.8 4.3 4.1 1964........................................................ ........ 114.2 129.2 767.1 ....... ........ ....... ......... 2,844.1 2,883.0 2,868.5 5.8 5.4 1965........................................................ ........ 116.5 142.9 791.1 ....... ........ ....... ......... 3,008.5 3,079.1 3,051.7 6.4 6.8 1966........................................................ ........ 124.3 164.2 862.1 ....... ........ ....... ......... 3,191.1 3,292.3 3,248.9 6.6 6.9 1967........................................................ ........ 127.0 176.2 927.1 ....... ........ ....... ......... 3,288.2 3,382.6 3,330.4 2.5 2.7 1968........................................................ ........ 136.3 202.4 956.6 ....... ........ ....... ......... 3,450.0 3,555.9 3,489.8 4.8 5.1 1969........................................................ ........ 143.7 213.9 952.5 ....... ........ ....... ......... 3,555.9 3,664.5 3,594.1 3.0 3.1 1970........................................................ ........ 159.3 223.1 931.1 ....... ........ ....... ......... 3,588.6 3,659.6 3,600.6 .2 -.1 1971........................................................ ........ 160.4 235.0 913.8 ....... ........ ....... ......... 3,688.1 3,791.1 3,722.9 3.3 3.6 1972........................................................ ........ 173.5 261.3 914.9 ....... ........ ....... ......... 3,887.7 4,003.8 3,925.7 5.4 5.6 1973........................................................ ........ 211.4 273.4 908.3 ....... ........ ....... ......... 4,094.3 4,196.6 4,161.0 5.8 4.8 1974........................................................ ........ 231.6 267.2 924.8 ....... ........ ....... ......... 4,080.7 4,136.5 4,142.3 -.6 -1.4 1975........................................................ ........ 230.0 237.5 942.5 ....... ........ ....... ......... 4,118.5 4,085.2 4,117.7 -.4 -1.2 1976........................................................ ........ 243.6 284.0 943.3 ....... ........ ....... ......... 4,288.8 4,354.2 4,351.4 5.6 6.6 1977........................................................ ........ 249.7 315.0 952.7 ....... ........ ....... ......... 4,478.8 4,586.4 4,556.6 4.6 5.3 1978........................................................ ........ 275.9 342.3 982.2 ....... ........ ....... ......... 4,722.9 4,834.8 4,805.3 5.5 5.4 1979........................................................ ........ 302.4 347.9 1,001.1 ....... ........ ....... ......... 4,894.4 4,956.3 4,973.9 3.2 2.5 1980........................................................ ........ 334.8 324.8 1,020.9 ....... ........ ....... ......... 4,928.1 4,863.8 4,962.3 -.2 -1.9 1981........................................................ ........ 338.6 333.4 1,030.0 ....... ........ ....... ......... 4,989.5 4,990.0 5,075.4 2.5 2.6 1982........................................................ ........ 314.6 329.2 1,046.0 ....... ........ ....... ......... 4,954.9 4,916.6 4,973.6 -2.0 -1.5 1983........................................................ ........ 306.9 370.7 1,081.0 ....... ........ ....... ......... 5,154.5 5,194.1 5,184.9 4.3 5.6 1984........................................................ ........ 332.6 461.0 1,118.4 ....... ........ ....... ......... 5,427.9 5,646.6 5,553.8 7.3 8.7 1985........................................................ ........ 341.6 490.7 1,190.5 ....... ........ ....... ......... 5,698.8 5,883.1 5,750.9 3.8 4.2 1986........................................................ ........ 366.8 531.9 1,255.2 ....... ........ ....... ......... 5,912.6 6,096.2 5,932.5 3.4 3.6 1987........................................................ -156.2 408.0 564.2 1,292.5 597.8 450.2 146.5 695.6 6,088.8 6,286.2 6,130.8 3.4 3.1 1988........................................................ -112.1 473.5 585.6 1,307.5 586.9 446.8 138.9 721.4 6,352.6 6,489.5 6,391.1 4.2 3.2 1989........................................................ -79.4 529.4 608.8 1,343.5 594.7 443.3 150.5 749.5 6,565.4 6,674.6 6,615.5 3.5 2.9 1990........................................................ -56.5 575.7 632.2 1,387.3 606.8 443.2 163.0 781.1 6,695.6 6,764.9 6,740.0 1.8 1.4 1991........................................................ -15.8 613.2 629.0 1,403.4 604.9 438.4 166.0 798.9 6,681.5 6,688.4 6,703.4 -.5 -1.1 1992........................................................ -19.8 651.0 670.8 1,410.0 595.1 417.1 177.9 815.3 6,867.7 6,896.4 6,905.8 3.0 3.1 1993........................................................ -59.1 672.7 731.8 1,398.8 572.0 394.7 177.3 827.0 7,043.8 7,120.6 7,087.8 2.7 3.3 1994........................................................ -86.5 732.8 819.4 1,400.1 551.3 375.9 175.5 848.9 7,285.8 7,434.2 7,364.3 4.0 4.4 1995........................................................ -78.4 808.2 886.6 1,406.4 536.5 361.9 174.6 869.9 7,512.2 7,621.8 7,564.0 2.7 2.5 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 3.6 3.7 1997........................................................ -113.3 981.5 1,094.8 1,455.4 529.6 347.7 181.8 925.8 8,095.2 8,271.7 8,168.1 4.4 4.7 1998........................................................ -221.1 1,002.4 1,223.5 1,483.3 525.4 341.6 183.8 957.7 8,431.8 8,721.3 8,508.4 4.3 5.4 1999........................................................ -320.5 1,036.3 1,356.8 1,540.6 537.7 348.8 188.8 1,002.4 8,793.9 9,160.2 8,883.7 4.1 5.0 2000........................................................ -398.8 1,137.2 1,536.0 1,582.5 544.4 348.7 195.6 1,037.4 9,121.1 9,561.2 9,216.2 3.8 4.4 2001........................................................ -415.9 1,076.1 1,492.0 1,640.4 570.6 366.0 204.4 1,069.4 9,258.4 9,600.7 9,237.3 .3 .4 1998: I..................................................... -180.8 1,003.4 1,184.2 1,456.1 515.0 332.0 183.0 940.8 8,286.6 8,571.6 8,405.4 6.1 7.9 II.................................................... -223.1 993.1 1,216.2 1,482.6 530.1 342.0 188.0 952.4 8,397.2 8,657.0 8,448.7 2.2 4.0 III................................................... -241.2 987.6 1,228.9 1,489.9 524.9 346.5 178.4 964.7 8,454.9 8,759.7 8,517.6 4.1 4.8 IV.................................................... -239.2 1,025.6 1,264.8 1,504.8 531.7 345.8 185.8 972.8 8,588.5 8,896.6 8,662.0 6.7 6.4 1999: I..................................................... -283.2 1,007.5 1,290.7 1,515.9 527.2 341.2 185.9 988.3 8,654.3 9,002.1 8,755.5 3.0 4.8 II.................................................... -319.6 1,018.1 1,337.7 1,526.7 530.6 341.0 189.5 995.7 8,741.0 9,076.2 8,801.8 2.0 3.3 III................................................... -339.6 1,044.1 1,383.7 1,546.5 540.1 352.4 187.7 1,006.0 8,833.6 9,204.9 8,906.4 5.2 5.8 IV ................................................... -339.5 1,075.6 1,415.2 1,573.2 553.0 360.8 192.1 1,019.8 8,946.6 9,357.7 9,071.1 7.1 6.8 2000: I..................................................... -368.8 1,095.8 1,464.6 1,568.3 533.8 341.3 192.3 1,033.8 9,042.9 9,440.8 9,119.7 2.6 3.6 II.................................................... -394.6 1,133.9 1,528.5 1,586.1 554.0 353.4 200.3 1,031.8 9,111.1 9,571.9 9,233.0 4.8 5.7 III .................................................. -413.1 1,165.5 1,578.6 1,582.2 543.7 347.9 195.6 1,037.8 9,150.4 9,600.9 9,238.2 .6 1.2 IV ................................................... -418.5 1,153.7 1,572.2 1,593.4 546.4 351.9 194.3 1,046.3 9,179.8 9,631.0 9,274.0 1.1 1.3 2001: I..................................................... -404.5 1,135.8 1,540.3 1,615.7 559.0 359.0 199.8 1,056.2 9,243.8 9,604.6 9,241.7 -.6 -1.1 II.................................................... -414.8 1,098.8 1,513.6 1,638.0 567.2 361.4 205.6 1,070.2 9,234.3 9,577.1 9,224.3 -1.6 -1.1 III .................................................. -419.0 1,048.0 1,467.0 1,633.3 568.9 365.5 203.2 1,064.1 9,230.5 9,575.8 9,199.8 -.3 -.1 IV ................................................... -425.3 1,021.8 1,447.2 1,674.5 587.2 378.0 209.1 1,087.1 9,324.9 9,645.3 9,283.5 2.7 2.9 2002: I..................................................... -446.6 1,030.6 1,477.1 1,697.3 597.8 388.5 209.3 1,099.3 9,379.4 9,778.2 9,367.5 5.0 5.6 II.................................................... -487.4 1,065.5 1,552.9 1,703.3 608.7 395.8 212.9 1,094.7 9,377.9 9,840.8 9,376.7 1.3 2.6 III .................................................. -488.0 1,077.7 1,565.7 1,715.6 615.1 402.5 212.7 1,100.6 9,457.2 9,934.7 9,477.9 4.0 3.9 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.