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


 
Table B-2.--Real gross domestic product, 1959-2003
[Billions of chained (2000) 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..............................................................   2,441.3   1,554.6  ........  .........  ........     266.7  ........  ........  ..........  ........  ...........  ........

1960..............................................................   2,501.8   1,597.4  ........  .........  ........     266.6  ........  ........  ..........  ........  ...........  ........
1961..............................................................   2,560.0   1,630.3  ........  .........  ........     264.9  ........  ........  ..........  ........  ...........  ........
1962..............................................................   2,715.2   1,711.1  ........  .........  ........     298.4  ........  ........  ..........  ........  ...........  ........
1963..............................................................   2,834.0   1,781.6  ........  .........  ........     318.5  ........  ........  ..........  ........  ...........  ........
1964..............................................................   2,998.6   1,888.4  ........  .........  ........     344.7  ........  ........  ..........  ........  ...........  ........
1965..............................................................   3,191.1   2,007.7  ........  .........  ........     393.1  ........  ........  ..........  ........  ...........  ........
1966..............................................................   3,399.1   2,121.8  ........  .........  ........     427.7  ........  ........  ..........  ........  ...........  ........
1967..............................................................   3,484.6   2,185.0  ........  .........  ........     408.1  ........  ........  ..........  ........  ...........  ........
1968..............................................................   3,652.7   2,310.5  ........  .........  ........     431.9  ........  ........  ..........  ........  ...........  ........
1969..............................................................   3,765.4   2,396.4  ........  .........  ........     457.1  ........  ........  ..........  ........  ...........  ........

1970..............................................................   3,771.9   2,451.9  ........  .........  ........     427.1  ........  ........  ..........  ........  ...........  ........
1971..............................................................   3,898.6   2,545.5  ........  .........  ........     475.7  ........  ........  ..........  ........  ...........  ........
1972..............................................................   4,105.0   2,701.3  ........  .........  ........     532.1  ........  ........  ..........  ........  ...........  ........
1973..............................................................   4,341.5   2,833.8  ........  .........  ........     594.4  ........  ........  ..........  ........  ...........  ........
1974..............................................................   4,319.6   2,812.3  ........  .........  ........     550.6  ........  ........  ..........  ........  ...........  ........
1975..............................................................   4,311.2   2,876.9  ........  .........  ........     453.1  ........  ........  ..........  ........  ...........  ........
1976..............................................................   4,540.9   3,035.5  ........  .........  ........     544.7  ........  ........  ..........  ........  ...........  ........
1977..............................................................   4,750.5   3,164.1  ........  .........  ........     627.0  ........  ........  ..........  ........  ...........  ........
1978..............................................................   5,015.0   3,303.1  ........  .........  ........     702.6  ........  ........  ..........  ........  ...........  ........
1979..............................................................   5,173.4   3,383.4  ........  .........  ........     725.0  ........  ........  ..........  ........  ...........  ........

1980..............................................................   5,161.7   3,374.1  ........  .........  ........     645.3  ........  ........  ..........  ........  ...........  ........
1981..............................................................   5,291.7   3,422.2  ........  .........  ........     704.9  ........  ........  ..........  ........  ...........  ........
1982..............................................................   5,189.3   3,470.3  ........  .........  ........     606.0  ........  ........  ..........  ........  ...........  ........
1983..............................................................   5,423.8   3,668.6  ........  .........  ........     662.5  ........  ........  ..........  ........  ...........  ........
1984..............................................................   5,813.6   3,863.3  ........  .........  ........     857.7  ........  ........  ..........  ........  ...........  ........
1985..............................................................   6,053.7   4,064.0  ........  .........  ........     849.7  ........  ........  ..........  ........  ...........  ........
1986..............................................................   6,263.6   4,228.9  ........  .........  ........     843.9  ........  ........  ..........  ........  ...........  ........
1987..............................................................   6,475.1   4,369.8  ........  .........  ........     870.0  ........  ........  ..........  ........  ...........  ........
1988..............................................................   6,742.7   4,546.9  ........  .........  ........     890.5  ........  ........  ..........  ........  ...........  ........
1989..............................................................   6,981.4   4,675.0  ........  .........  ........     926.2  ........  ........  ..........  ........  ...........  ........

1990..............................................................   7,112.5   4,770.3     453.5    1,484.0   2,851.7     895.1     886.6     595.1      275.2      355.0      298.9        15.4
1991..............................................................   7,100.5   4,778.4     427.9    1,480.5   2,900.0     822.2     829.1     563.2      244.6      345.9      270.2         -.5
1992..............................................................   7,336.6   4,934.8     453.0    1,510.1   3,000.8     889.0     878.3     581.3      229.9      371.1      307.6        16.5
1993..............................................................   7,532.7   5,099.8     488.4    1,550.4   3,085.7     968.3     953.5     631.9      228.3      417.4      332.7        20.6
1994..............................................................   7,835.5   5,290.7     529.4    1,603.9   3,176.6   1,099.6   1,042.3     689.9      232.3      467.2      364.8        63.6
1995..............................................................   8,031.7   5,433.5     552.6    1,638.6   3,259.9   1,134.0   1,109.6     762.5      247.1      523.1      353.1        29.9
1996..............................................................   8,328.9   5,619.4     595.9    1,680.4   3,356.0   1,234.3   1,209.2     833.6      261.1      578.7      381.3        28.7
1997..............................................................   8,703.5   5,831.8     646.9    1,725.3   3,468.0   1,387.7   1,320.6     934.2      280.1      658.3      388.6        71.2
1998..............................................................   9,066.9   6,125.8     720.3    1,794.4   3,615.0   1,524.1   1,455.0   1,037.8      294.5      745.6      418.3        72.6
1999 .............................................................   9,470.3   6,438.6     804.6    1,876.6   3,758.0   1,642.6   1,576.3   1,133.3      293.2      840.2      443.6        68.9

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..............................................................   9,866.6   6,904.6     899.1    1,983.3   4,022.4   1,590.6   1,625.7   1,176.8      305.2      871.3      448.5       -36.0
2002..............................................................  10,083.0   7,140.4     957.2    2,043.6   4,141.8   1,572.0   1,565.8   1,092.6      249.0      846.7      470.3         5.7

1999: I...........................................................   9,315.5   6,311.3     767.4    1,849.2   3,696.4   1,606.6   1,531.0   1,094.0      292.0      802.7      438.1        79.5
II..........................................................   9,392.6   6,409.7     803.6    1,867.9   3,738.5   1,607.8   1,568.6   1,127.3      294.1      833.5      441.8        41.7
III.........................................................   9,502.2   6,476.7     820.7    1,873.7   3,782.3   1,647.4   1,598.6   1,154.4      291.8      862.4      444.5        50.8
IV..........................................................   9,671.1   6,556.8     826.4    1,915.7   3,815.0   1,708.4   1,606.9   1,157.3      294.8      862.3      449.9       103.5

2000: I...........................................................   9,695.6   6,661.3     872.8    1,917.2   3,871.1   1,678.0   1,651.1   1,196.7      299.9      896.7      454.5        26.9
II..........................................................   9,847.9   6,703.3     851.3    1,944.0   3,908.2   1,788.6   1,689.1   1,238.6      312.5      926.0      450.4        99.3
III.........................................................   9,836.6   6,768.0     863.8    1,955.0   3,949.3   1,742.6   1,686.4   1,245.2      319.7      925.5      441.2        56.2
IV .........................................................   9,887.7   6,825.0     865.4    1,972.7   3,986.8   1,732.7   1,689.4   1,247.9      320.6      927.3      441.6        43.5

2001: I...........................................................   9,882.2   6,833.7     869.1    1,974.5   3,989.6   1,682.2   1,677.8   1,233.6      315.8      917.8      444.4         4.3
II..........................................................   9,866.3   6,872.2     889.6    1,969.1   4,013.3   1,608.5   1,638.0   1,189.4      311.3      877.6      448.5       -28.8
III.........................................................   9,834.6   6,904.2     891.1    1,983.4   4,029.3   1,573.1   1,616.1   1,163.7      313.1      849.4      451.9       -44.0
IV .........................................................   9,883.6   7,008.2     946.6    2,006.2   4,057.4   1,498.4   1,570.7   1,120.6      280.8      840.5      449.0       -75.5

2002: I...........................................................   9,997.9   7,079.2     950.3    2,035.9   4,095.3   1,538.2   1,560.9   1,100.4      262.2      840.0      458.5       -23.5
II..........................................................  10,045.1   7,124.5     951.4    2,037.8   4,137.0   1,555.8   1,563.2   1,092.1      252.2      842.6      468.4        -8.0
III.........................................................  10,128.4   7,159.2     963.1    2,038.8   4,159.4   1,598.2   1,565.4   1,089.1      242.4      850.3      473.2        32.8
IV .........................................................  10,160.8   7,198.9     963.8    2,061.8   4,175.4   1,595.8   1,573.5   1,088.9      239.0      853.9      481.0        21.5

2003: I...........................................................  10,210.4   7,244.1     965.0    2,090.5   4,190.7   1,581.6   1,577.7   1,087.3      236.5      855.0      486.4         1.6
II..........................................................  10,288.3   7,304.0   1,005.1    2,096.9   4,208.4   1,599.9   1,601.4   1,105.8      238.8      871.6      491.7        -4.5
III.........................................................  10,493.1   7,426.6   1,069.1    2,134.3   4,237.2   1,656.1   1,661.0   1,139.5      237.7      907.7      516.7        -9.1
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See next page for continuation of table.


Table B-2.--Real gross domestic product, 1959-2003--Continued
[Billions of chained (2000) 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                  Adden-           period
Federal                       sales of      Gross       dum:    --------------------
Year or  quarter                                                             ----------------------------              domes-      domes-       Gross      Gross     Gross
Net                                                                State        tic      tic  pur-   national    domes-     domes-
exports   Exports   Imports    Total             Nation-    Non-      and       product   chases \1\  prod-  uct     tic    tic  pur-
Total    al  de-    de-      local                                \2\       prod-     chases
fense    fense                                                     uct       \1\
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959....................................................  ........      77.2     101.9     714.3  .......  ........  .......  .........    2,442.7     2,485.9     2,457.4        7.1       7.1

1960....................................................  ........      90.6     103.3     715.4  .......  ........  .......  .........    2,506.8     2,529.6     2,519.4        2.5       1.8
1961....................................................  ........      91.1     102.6     751.3  .......  ........  .......  .........    2,566.8     2,587.6     2,579.3        2.3       2.3
1962....................................................  ........      95.7     114.3     797.6  .......  ........  .......  .........    2,708.5     2,751.4     2,736.9        6.1       6.3
1963....................................................  ........     102.5     117.3     818.1  .......  ........  .......  .........    2,830.3     2,866.0     2,857.2        4.4       4.2
1964....................................................  ........     114.6     123.6     836.1  .......  ........  .......  .........    2,999.9     3,023.2     3,023.6        5.8       5.5
1965....................................................  ........     117.8     136.7     861.3  .......  ........  .......  .........    3,173.8     3,228.6     3,217.3        6.4       6.8
1966....................................................  ........     126.0     157.1     937.1  .......  ........  .......  .........    3,364.8     3,450.3     3,423.7        6.5       6.9
1967....................................................  ........     128.9     168.5   1,008.9  .......  ........  .......  .........    3,467.6     3,545.1     3,510.1        2.5       2.7
1968....................................................  ........     139.0     193.6   1,040.5  .......  ........  .......  .........    3,640.3     3,727.5     3,680.0        4.8       5.1
1969....................................................  ........     145.7     204.6   1,038.0  .......  ........  .......  .........    3,753.7     3,844.1     3,792.0        3.1       3.1

1970....................................................  ........     161.4     213.4   1,012.9  .......  ........  .......  .........    3,787.7     3,837.4     3,798.2         .2       -.2
1971....................................................  ........     164.1     224.7     990.8  .......  ........  .......  .........    3,893.4     3,974.2     3,927.8        3.4       3.6
1972....................................................  ........     176.5     250.0     983.5  .......  ........  .......  .........    4,098.6     4,192.8     4,136.2        5.3       5.5
1973....................................................  ........     209.7     261.6     980.0  .......  ........  .......  .........    4,315.9     4,399.1     4,383.6        5.8       4.9
1974....................................................  ........     226.3     255.7   1,004.7  .......  ........  .......  .........    4,305.5     4,343.8     4,367.5        -.5      -1.3
1975....................................................  ........     224.9     227.3   1,027.4  .......  ........  .......  .........    4,352.5     4,297.0     4,348.4        -.2      -1.1
1976....................................................  ........     234.7     271.7   1,031.9  .......  ........  .......  .........    4,522.3     4,575.0     4,585.3        5.3       6.5
1977....................................................  ........     240.3     301.4   1,043.3  .......  ........  .......  .........    4,721.6     4,818.5     4,800.3        4.6       5.3
1978....................................................  ........     265.7     327.6   1,074.0  .......  ........  .......  .........    4,981.6     5,081.5     5,064.4        5.6       5.5
1979....................................................  ........     292.0     333.0   1,094.1  .......  ........  .......  .........    5,161.2     5,206.8     5,240.1        3.2       2.5

1980....................................................  ........     323.5     310.9   1,115.4  .......  ........  .......  .........    5,196.7     5,108.9     5,227.6        -.2      -1.9
1981....................................................  ........     327.4     319.1   1,125.6  .......  ........  .......  .........    5,265.1     5,244.7     5,349.7        2.5       2.7
1982....................................................  ........     302.4     315.0   1,145.4  .......  ........  .......  .........    5,233.4     5,175.1     5,249.7       -1.9      -1.3
1983....................................................  ........     294.6     354.8   1,187.3  .......  ........  .......  .........    5,454.0     5,477.6     5,482.5        4.5       5.8
1984....................................................  ........     318.7     441.1   1,227.0  .......  ........  .......  .........    5,739.2     5,951.6     5,869.3        7.2       8.7
1985....................................................  ........     328.3     469.8   1,312.5  .......  ........  .......  .........    6,042.1     6,215.8     6,093.4        4.1       4.4
1986....................................................  ........     353.7     510.0   1,392.5  .......  ........  .......  .........    6,271.8     6,443.6     6,290.6        3.5       3.7
1987....................................................  ........     391.8     540.2   1,426.7  .......  ........  .......  .........    6,457.2     6,644.1     6,500.9        3.4       3.1
1988....................................................  ........     454.6     561.4   1,445.1  .......  ........  .......  .........    6,734.5     6,857.9     6,775.2        4.1       3.2
1989....................................................  ........     506.8     586.0   1,482.5  .......  ........  .......  .........    6,962.2     7,060.8     7,015.4        3.5       3.0

1990....................................................     -54.7     552.5     607.1   1,530.0    659.1     479.4    178.6     868.4     7,108.5     7,161.6     7,155.2        1.9       1.4
1991....................................................     -14.6     589.1     603.7   1,547.2    658.0     474.2    182.8     886.8     7,115.0     7,101.2     7,136.8        -.2       -.8
1992....................................................     -15.9     629.7     645.6   1,555.3    646.6     450.7    195.4     906.5     7,331.1     7,338.9     7,371.8        3.3       3.3
1993....................................................     -52.1     650.0     702.1   1,541.1    619.6     425.3    194.1     919.5     7,522.3     7,577.2     7,568.6        2.7       3.2
1994....................................................     -79.4     706.5     785.9   1,541.3    596.4     404.6    191.7     943.3     7,777.8     7,911.3     7,864.2        4.0       4.4
1995....................................................     -71.0     778.2     849.1   1,549.7    580.3     389.2    191.0     968.3     8,010.2     8,098.4     8,069.8        2.5       2.4
1996....................................................     -79.6     843.4     923.0   1,564.9    573.5     383.8    189.6     990.5     8,306.5     8,405.7     8,365.3        3.7       3.8
1997....................................................    -104.6     943.7   1,048.3   1,594.0    567.6     373.0    194.5   1,025.9     8,636.6     8,807.6     8,737.5        4.5       4.8
1998....................................................    -203.7     966.5   1,170.3   1,624.4    561.2     365.3    195.9   1,063.0     8,997.6     9,272.5     9,088.7        4.2       5.3
1999....................................................    -296.2   1,008.2   1,304.4   1,686.9    573.7     372.2    201.5   1,113.2     9,404.0     9,767.7     9,504.7        4.5       5.3

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        3.7       4.4
2001....................................................    -398.1   1,039.0   1,437.1   1,768.9    600.5     384.7    215.8   1,168.5     9,901.1    10,265.0     9,901.4         .5        .7
2002....................................................    -470.6   1,014.2   1,484.7   1,836.9    648.0     418.8    229.2   1,189.1    10,076.9    10,551.5    10,105.0        2.2       2.8

1999: I.................................................    -262.1     980.1   1,242.2   1,662.2    562.9     364.1    198.8   1,099.3     9,239.7     9,579.6     9,346.7        3.4       5.1
II................................................    -295.2     991.2   1,286.4   1,672.3    565.3     363.9    201.4   1,107.0     9,353.7     9,689.1     9,429.1        3.4       4.7
III...............................................    -313.9   1,017.4   1,331.3   1,693.1    576.7     375.9    200.8   1,116.3     9,453.5     9,816.7     9,532.7        4.8       5.4
IV................................................    -313.7   1,044.1   1,357.9   1,720.2    589.9     385.0    204.9   1,130.2     9,569.3     9,985.4     9,710.4        7.3       7.1

2000: I.................................................    -350.6   1,060.9   1,411.5   1,707.3    568.2     362.6    205.6   1,139.2     9,668.8    10,046.5     9,729.0        1.0       2.5
II................................................    -374.5   1,092.0   1,466.5   1,730.5    591.2     377.1    214.0   1,139.3     9,748.4    10,222.4     9,885.3        6.4       7.2
III...............................................    -395.6   1,120.0   1,515.6   1,721.5    578.6     369.9    208.7   1,142.9     9,780.4    10,232.1     9,867.8        -.5        .4
IV ...............................................    -397.2   1,112.3   1,509.5   1,727.1    577.2     371.5    205.6   1,149.9     9,844.3    10,284.7     9,941.6        2.1       2.1

2001: I.................................................    -385.9   1,099.6   1,485.5   1,751.6    589.7     378.5    211.2   1,161.9     9,877.5    10,267.7     9,908.7        -.2       -.7
II................................................    -391.7   1,060.9   1,452.7   1,776.4    599.3     380.9    218.4   1,177.1     9,895.3    10,258.0     9,893.5        -.6       -.4
III ..............................................    -401.3   1,010.6   1,411.9   1,758.1    599.3     383.2    216.0   1,158.9     9,876.9    10,236.3     9,846.5       -1.3       -.8
IV ...............................................    -413.4     984.8   1,398.2   1,789.7    613.6     396.2    217.4   1,176.1     9,954.9    10,298.0     9,956.8        2.0       2.4

2002: I.................................................    -431.2     995.4   1,426.7   1,810.1    626.1     404.1    222.0   1,184.1    10,020.1    10,429.5    10,020.3        4.7       5.2
II................................................    -467.6   1,016.5   1,484.1   1,827.8    641.9     413.4    228.5   1,186.0    10,052.3    10,510.4    10,053.4        1.9       3.1
III ..............................................    -471.9   1,027.3   1,499.2   1,838.9    648.2     418.1    230.1   1,190.9    10,096.4    10,598.0    10,147.5        3.4       3.4
IV ...............................................    -511.5   1,017.5   1,529.0   1,870.8    675.8     439.5    236.4   1,195.3    10,138.9    10,668.0    10,198.5        1.3       2.7

2003: I.................................................    -490.0   1,012.4   1,502.5   1,869.0    675.5     433.2    242.4   1,193.8    10,206.4    10,697.6    10,237.6        2.0       1.1
II................................................    -526.0   1,009.6   1,535.7   1,902.8    712.0     472.8    239.3   1,191.4    10,289.5    10,809.9    10,320.2        3.1       4.3
III ..............................................    -505.2   1,033.7   1,538.9   1,911.1    714.3     471.2    243.1   1,197.4    10,497.7    10,995.4    10,528.6        8.2       7.0
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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.