[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


NATIONAL INCOME OR EXPENDITURE

 
Table B-1.--Gross domestic product, 1959-2003
[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..............................      506.6    317.6      42.7     148.5      126.5     78.5     74.6     46.5     18.1       28.4      28.1       3.9
1960..............................      526.4    331.7      43.3     152.8      135.6     78.9     75.7     49.4     19.6       29.8      26.3       3.2
1961..............................      544.7    342.1      41.8     156.6      143.8     78.2     75.2     48.8     19.7       29.1      26.4       3.0
1962..............................      585.6    363.3      46.9     162.8      153.6     88.1     82.0     53.1     20.8       32.3      29.0       6.1
1963..............................      617.7    382.7      51.6     168.2      162.9     93.8     88.1     56.0     21.2       34.8      32.1       5.6
1964..............................      663.6    411.4      56.7     178.6      176.1    102.1     97.2     63.0     23.7       39.2      34.3       4.8
1965..............................      719.1    443.8      63.3     191.5      189.0    118.2    109.0     74.8     28.3       46.5      34.2       9.2
1966..............................      787.8    480.9      68.3     208.7      203.8    131.3    117.7     85.4     31.3       54.0      32.3      13.6
1967..............................      832.6    507.8      70.4     217.1      220.3    128.6    118.7     86.4     31.5       54.9      32.4       9.9
1968..............................      910.0    558.0      80.8     235.7      241.6    141.2    132.1     93.4     33.6       59.9      38.7       9.1
1969..............................      984.6    605.2      85.9     253.1      266.1    156.4    147.3    104.7     37.7       67.0      42.6       9.2

1970..............................    1,038.5    648.5      85.0     272.0      291.5    152.4    150.4    109.0     40.3       68.7      41.4       2.0
1971..............................    1,127.1    701.9      96.9     285.5      319.5    178.2    169.9    114.1     42.7       71.5      55.8       8.3
1972..............................    1,238.3    770.6     110.4     308.0      352.2    207.6    198.5    128.8     47.2       81.7      69.7       9.1
1973..............................    1,382.7    852.4     123.5     343.1      385.8    244.5    228.6    153.3     55.0       98.3      75.3      15.9
1974..............................    1,500.0    933.4     122.3     384.5      426.6    249.4    235.4    169.5     61.2      108.2      66.0      14.0
1975..............................    1,638.3  1,034.4     133.5     420.7      480.2    230.2    236.5    173.7     61.4      112.4      62.7      -6.3
1976..............................    1,825.3  1,151.9     158.9     458.3      534.7    292.0    274.8    192.4     65.9      126.4      82.5      17.1
1977..............................    2,030.9  1,278.6     181.2     497.1      600.2    361.3    339.0    228.7     74.6      154.1     110.3      22.3
1978..............................    2,294.7  1,428.5     201.7     550.2      676.6    438.0    412.2    280.6     93.6      187.0     131.6      25.8
1979..............................    2,563.3  1,592.2     214.4     624.5      753.3    492.9    474.9    333.9    117.7      216.2     141.0      18.0

1980..............................    2,789.5  1,757.1     214.2     696.1      846.9    479.3    485.6    362.4    136.2      226.2     123.2      -6.3
1981..............................    3,128.4  1,941.1     231.3     758.9      950.8    572.4    542.6    420.0    167.3      252.7     122.6      29.8
1982..............................    3,255.0  2,077.3     240.2     787.6    1,049.4    517.2    532.1    426.5    177.6      248.9     105.7     -14.9
1983..............................    3,536.7  2,290.6     280.8     831.2    1,178.6    564.3    570.1    417.2    154.3      262.9     152.9      -5.8
1984..............................    3,933.2  2,503.3     326.5     884.6    1,292.2    735.6    670.2    489.6    177.4      312.2     180.6      65.4
1985..............................    4,220.3  2,720.3     363.5     928.7    1,428.1    736.2    714.4    526.2    194.5      331.7     188.2      21.8
1986..............................    4,462.8  2,899.7     403.0     958.4    1,538.3    746.5    739.9    519.8    176.5      343.3     220.1       6.6
1987..............................    4,739.5  3,100.2     421.7   1,015.3    1,663.3    785.0    757.8    524.1    174.2      349.9     233.7      27.1
1988..............................    5,103.8  3,353.6     453.6   1,083.5    1,816.5    821.6    803.1    563.8    182.8      381.0     239.3      18.5
1989..............................    5,484.4  3,598.5     471.8   1,166.7    1,960.0    874.9    847.3    607.7    193.7      414.0     239.5      27.7

1990..............................    5,803.1  3,839.9     474.2   1,249.9    2,115.9    861.0    846.4    622.4    202.9      419.5     224.0      14.5
1991..............................    5,995.9  3,986.1     453.9   1,284.8    2,247.4    802.9    803.3    598.2    183.6      414.6     205.1       -.4
1992..............................    6,337.7  4,235.3     483.6   1,330.5    2,421.2    864.8    848.5    612.1    172.6      439.6     236.3      16.3
1993..............................    6,657.4  4,477.9     526.7   1,379.4    2,571.8    953.4    932.5    666.6    177.2      489.4     266.0      20.8
1994..............................    7,072.2  4,743.3     582.2   1,437.2    2,723.9  1,097.1  1,033.3    731.4    186.8      544.6     301.9      63.8
1995..............................    7,397.7  4,975.8     611.6   1,485.1    2,879.1  1,144.0  1,112.9    810.0    207.3      602.8     302.8      31.1
1996..............................    7,816.9  5,256.8     652.6   1,555.5    3,048.7  1,240.3  1,209.5    875.4    224.6      650.8     334.1      30.8
1997..............................    8,304.3  5,547.4     692.7   1,619.0    3,235.8  1,389.8  1,317.8    968.7    250.3      718.3     349.1      72.0
1998..............................    8,747.0  5,879.5     750.2   1,683.6    3,445.7  1,509.1  1,438.4  1,052.6    275.2      777.3     385.8      70.8
1999..............................    9,268.4  6,282.5     817.6   1,804.8    3,660.0  1,625.7  1,558.8  1,133.9    282.2      851.7     424.9      66.9

2000..............................    9,817.0  6,739.4     863.3   1,947.2    3,928.8  1,735.5  1,679.0  1,232.1    313.2      918.9     446.9      56.5
2001..............................   10,100.8  7,045.4     881.9   2,013.6    4,149.8  1,607.2  1,643.4  1,174.1    322.1      852.0     469.2     -36.1
2002..............................   10,480.8  7,385.3     911.3   2,086.0    4,388.0  1,589.2  1,583.9  1,080.2    266.3      813.9     503.7       5.4

1999: I...........................    9,066.6  6,101.7     785.2   1,748.5    3,568.0  1,596.7  1,514.6  1,101.0    278.3      822.7     413.5      82.2
II..........................    9,174.1  6,237.2     818.5   1,789.2    3,629.6  1,589.9  1,551.7  1,130.1    282.0      848.1     421.7      38.1
III.........................    9,313.5  6,337.2     832.8   1,812.5    3,691.9  1,628.3  1,579.2  1,151.5    281.6      869.8     427.8      49.1
IV..........................    9,519.5  6,453.7     834.1   1,869.0    3,750.7  1,687.7  1,589.5  1,153.0    286.9      866.1     436.5      98.2

2000: I...........................    9,629.4  6,613.9     876.9   1,894.2    3,842.8  1,672.3  1,642.4  1,193.9    295.2      898.7     448.5      29.9
II..........................    9,822.8  6,688.1     854.2   1,938.3    3,895.6  1,781.7  1,685.4  1,236.5    310.4      926.1     448.8      96.3
III.........................    9,862.1  6,783.9     861.3   1,965.8    3,956.7  1,749.0  1,690.6  1,247.5    321.1      926.5     443.1      58.4
IV..........................    9,953.6  6,871.6     860.9   1,990.5    4,020.3  1,738.9  1,697.5  1,250.3    326.0      924.2     447.2      41.4

2001: I...........................   10,024.8  6,934.3     862.0   1,998.6    4,073.8  1,688.3  1,686.2  1,230.3    326.4      903.9     455.9       2.0
II..........................   10,088.2  7,017.4     875.3   2,011.5    4,130.5  1,620.3  1,652.7  1,186.9    327.2      859.6     465.8     -32.4
III.........................   10,096.2  7,058.1     870.6   2,021.8    4,165.7  1,594.3  1,640.3  1,162.9    334.1      828.8     477.4     -46.0
IV..........................   10,193.9  7,171.6     919.6   2,022.6    4,229.4  1,526.1  1,594.2  1,116.4    300.6      815.8     477.8     -68.1

2002: I...........................   10,329.3  7,256.5     914.9   2,051.8    4,289.7  1,553.1  1,580.8  1,092.7    280.0      812.7     488.2     -27.8
II..........................   10,428.3  7,355.5     909.3   2,082.5    4,363.6  1,580.9  1,580.4  1,080.4    269.6      810.8     500.0        .5
III.........................   10,542.0  7,428.2     913.6   2,090.5    4,424.1  1,608.2  1,579.7  1,073.4    259.4      814.0     506.3      28.6
IV..........................   10,623.7  7,501.2     907.3   2,119.2    4,474.7  1,614.7  1,594.6  1,074.3    256.3      817.9     520.3      20.2

2003: I...........................   10,735.8  7,600.7     898.2   2,175.7    4,526.8  1,605.3  1,606.2  1,071.8    256.1      815.8     534.4       -.9
II..........................   10,846.7  7,673.6     926.2   2,170.8    4,576.6  1,624.3  1,630.1  1,086.9    259.2      827.7     543.2      -5.8
III.........................   11,107.0  7,836.3     975.1   2,230.0    4,631.2  1,689.1  1,699.5  1,124.4    259.8      864.6     575.1     -10.5
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See next page for continuation of table.


Table B-1.--Gross domestic product, 1959-2003--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.....................................................       0.4      22.7       22.3     110.0      65.4      53.8      11.5     44.7      502.7      506.2      509.3        8.4        8.5

1960.....................................................       4.2      27.0       22.8     111.6      64.1      53.4      10.7     47.5      523.2      522.2      529.5        3.9        3.2
1961.....................................................       4.9      27.6       22.7     119.5      67.9      56.5      11.4     51.6      541.7      539.8      548.2        3.5        3.4
1962.....................................................       4.1      29.1       25.0     130.1      75.3      61.1      14.2     54.9      579.5      581.5      589.7        7.5        7.7
1963.....................................................       4.9      31.1       26.1     136.4      76.9      61.0      15.9     59.5      612.1      612.8      622.2        5.5        5.4
1964.....................................................       6.9      35.0       28.1     143.2      78.5      60.3      18.2     64.8      658.8      656.7      668.5        7.4        7.2
1965.....................................................       5.6      37.1       31.5     151.5      80.4      60.6      19.8     71.0      709.9      713.5      724.4        8.4        8.6
1966.....................................................       3.9      40.9       37.1     171.8      92.5      71.7      20.8     79.2      774.2      783.9      792.9        9.5        9.9
1967.....................................................       3.6      43.5       39.9     192.7     104.8      83.5      21.3     87.9      822.7      829.0      838.0        5.7        5.8
1968.....................................................       1.4      47.9       46.6     209.4     111.4      89.3      22.1     98.0      900.9      908.6      916.1        9.3        9.6
1969.....................................................       1.4      51.9       50.5     221.5     113.4      89.5      23.8    108.2      975.4      983.2      990.7        8.2        8.2

1970.....................................................       4.0      59.7       55.8     233.8     113.5      87.6      25.8    120.3    1,036.5    1,034.6    1,044.9        5.5        5.2
1971.....................................................        .6      63.0       62.3     246.5     113.7      84.6      29.1    132.8    1,118.9    1,126.5    1,134.7        8.5        8.9
1972.....................................................      -3.4      70.8       74.2     263.5     119.7      87.0      32.7    143.8    1,229.2    1,241.7    1,246.8        9.9       10.2
1973.....................................................       4.1      95.3       91.2     281.7     122.5      88.2      34.3    159.2    1,366.8    1,378.6    1,395.3       11.7       11.0
1974.....................................................       -.8     126.7      127.5     317.9     134.6      95.6      39.0    183.4    1,486.0    1,500.8    1,515.5        8.5        8.9
1975.....................................................      16.0     138.7      122.7     357.7     149.1     103.9      45.1    208.7    1,644.6    1,622.4    1,651.3        9.2        8.1
1976.....................................................      -1.6     149.5      151.1     383.0     159.7     111.1      48.6    223.3    1,808.2    1,826.9    1,842.1       11.4       12.6
1977.....................................................     -23.1     159.4      182.4     414.1     175.4     120.9      54.5    238.7    2,008.6    2,054.0    2,051.2       11.3       12.4
1978.....................................................     -25.4     186.9      212.3     453.6     190.9     130.5      60.4    262.6    2,268.9    2,320.1    2,316.3       13.0       13.0
1979.....................................................     -22.5     230.1      252.7     500.8     210.6     145.2      65.4    290.2    2,545.3    2,585.9    2,595.3       11.7       11.5

1980.....................................................     -13.1     280.8      293.8     566.2     243.8     168.0      75.8    322.4    2,795.8    2,802.6    2,823.7        8.8        8.4
1981.....................................................     -12.5     305.2      317.8     627.5     280.2     196.3      84.0    347.3    3,098.6    3,141.0    3,161.4       12.2       12.1
1982.....................................................     -20.0     283.2      303.2     680.5     310.8     225.9      84.9    369.7    3,269.9    3,275.0    3,291.5        4.0        4.3
1983.....................................................     -51.7     277.0      328.6     733.5     342.9     250.7      92.3    390.5    3,542.4    3,588.3    3,573.8        8.7        9.6
1984.....................................................    -102.7     302.4      405.1     797.0     374.4     281.6      92.8    422.6    3,867.8    4,035.9    3,969.5       11.2       12.5
1985.....................................................    -115.2     302.0      417.2     879.0     412.8     311.2     101.6    466.2    4,198.4    4,335.5    4,246.8        7.3        7.4
1986.....................................................    -132.7     320.5      453.3     949.3     438.6     330.9     107.8    510.7    4,456.3    4,595.6    4,480.6        5.7        6.0
1987.....................................................    -145.2     363.9      509.1     999.5     460.1     350.0     110.0    539.4    4,712.3    4,884.7    4,757.4        6.2        6.3
1988.....................................................    -110.4     444.1      554.5   1,039.0     462.3     354.9     107.4    576.7    5,085.3    5,214.2    5,127.4        7.7        6.7
1989.....................................................     -88.2     503.3      591.5   1,099.1     482.2     362.2     120.0    616.9    5,456.7    5,572.5    5,510.6        7.5        6.9

1990.....................................................     -78.0     552.4      630.3   1,180.2     508.3     374.0     134.3    671.9    5,788.5    5,881.1    5,837.9        5.8        5.5
1991.....................................................     -27.5     596.8      624.3   1,234.4     527.7     383.2     144.5    706.7    5,996.3    6,023.4    6,026.3        3.3        2.4
1992.....................................................     -33.2     635.3      668.6   1,271.0     533.9     376.9     157.0    737.0    6,321.4    6,371.0    6,367.4        5.7        5.8
1993.....................................................     -65.0     655.8      720.9   1,291.2     525.2     362.9     162.4    766.0    6,636.6    6,722.4    6,689.3        5.0        5.5
1994.....................................................     -93.6     720.9      814.5   1,325.5     519.1     353.7     165.5    806.3    7,008.4    7,165.8    7,098.4        6.2        6.6
1995.....................................................     -91.4     812.2      903.6   1,369.2     519.2     348.7     170.5    850.0    7,366.5    7,489.0    7,433.4        4.6        4.5
1996.....................................................     -96.2     868.6      964.8   1,416.0     527.4     354.6     172.8    888.6    7,786.1    7,913.1    7,851.9        5.7        5.7
1997.....................................................    -101.6     955.3    1,056.9   1,468.7     530.9     349.6     181.3    937.8    8,232.3    8,405.9    8,337.3        6.2        6.2
1998.....................................................    -159.9     955.9    1,115.9   1,518.3     530.4     345.7     184.7    987.9    8,676.2    8,906.9    8,768.3        5.3        6.0
1999.....................................................    -260.5     991.2    1,251.7   1,620.8     555.8     360.6     195.2  1,065.0    9,201.5    9,528.9    9,302.2        6.0        7.0

2000.....................................................    -379.5   1,096.3    1,475.8   1,721.6     578.8     370.3     208.5  1,142.8    9,760.5   10,196.4    9,855.9        5.9        7.0
2001.....................................................    -366.5   1,035.1    1,401.7   1,814.7     612.9     393.0     219.9  1,201.8   10,136.9   10,467.3   10,135.9        2.9        2.7
2002.....................................................    -426.3   1,006.8    1,433.1   1,932.5     679.5     438.3     241.2  1,253.1   10,475.5   10,907.1   10,502.3        3.8        4.2

1999: I..................................................    -207.5     960.1    1,167.6   1,575.6     540.6     350.2     190.4  1,035.0    8,984.4    9,274.1    9,097.2        5.1        6.6
II.................................................    -252.1     972.8    1,224.9   1,599.1     545.9     351.7     194.2  1,053.2    9,136.0    9,426.2    9,209.9        4.8        6.7
III................................................    -285.2   1,000.5    1,285.7   1,633.2     560.0     364.9     195.1  1,073.2    9,264.4    9,598.7    9,343.4        6.2        7.5
IV.................................................    -297.2   1,031.6    1,328.8   1,675.3     576.8     375.7     201.0  1,098.5    9,421.3    9,816.7    9,558.3        9.1        9.4

2000: I..................................................    -346.4   1,055.1    1,401.5   1,689.6     565.3     360.9     204.4  1,124.3    9,599.6    9,975.8    9,661.9        4.7        6.6
II.................................................    -366.9   1,091.8    1,458.7   1,720.0     586.6     375.2     211.4  1,133.4    9,726.5   10,189.7    9,859.6        8.3        8.9
III................................................    -400.7   1,122.4    1,523.1   1,729.9     581.2     371.3     209.9  1,148.6    9,803.7   10,262.8    9,893.6        1.6        2.9
IV.................................................    -403.9   1,115.8    1,519.7   1,746.9     582.0     373.8     208.2  1,164.9    9,912.2   10,357.5   10,008.4        3.8        3.7

2001: I..................................................    -381.3   1,103.1    1,484.4   1,783.5     597.5     384.1     213.4  1,185.9   10,022.8   10,406.1   10,052.1        2.9        1.9
II.................................................    -368.2   1,061.1    1,429.3   1,818.8     609.8     388.2     221.6  1,209.0   10,120.6   10,456.4   10,115.5        2.6        1.9
III................................................    -364.9   1,005.4    1,370.4   1,808.8     613.3     392.8     220.5  1,195.4   10,142.2   10,461.2   10,107.8         .3         .2
IV.................................................    -351.7     970.8    1,322.5   1,847.8     630.8     406.9     223.9  1,217.1   10,262.0   10,545.5   10,268.3        3.9        3.3

2002: I..................................................    -365.6     978.5    1,344.1   1,885.4     652.9     420.3     232.6  1,232.5   10,357.1   10,694.9   10,351.3        5.4        5.8
II.................................................    -427.3   1,006.3    1,433.6   1,919.3     673.2     432.5     240.7  1,246.1   10,427.8   10,855.6   10,435.9        3.9        6.1
III................................................    -435.9   1,025.3    1,461.3   1,941.5     681.8     439.3     242.5  1,259.7   10,513.4   10,977.9   10,560.5        4.4        4.6
IV.................................................    -476.1   1,017.2    1,493.3   1,983.9     710.0     461.1     248.9  1,273.9   10,603.6   11,099.9   10,661.6        3.1        4.5

2003: I..................................................    -487.6   1,021.0    1,508.5   2,017.4     723.0     463.3     259.7  1,294.5   10,736.7   11,223.4   10,763.7        4.3        4.5
II.................................................    -505.5   1,020.2    1,525.7   2,054.2     764.7     507.3     257.4  1,289.6   10,852.4   11,352.2   10,880.0        4.2        4.7
III................................................    -490.6   1,048.5    1,539.0   2,072.1     769.6     507.2     262.4  1,302.5   11,117.4   11,597.5   11,144.8       10.0        8.9
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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.