[Economic Report of the President (2003)]
[Administration of George W. Bush]
[Online through the Government Printing 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]
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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
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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
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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.