[Economic Report of the President (2005)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


NATIONAL INCOME OR EXPENDITURE

 
Table B-1.--Gross domestic product, 1959-2004
[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..............................   10,128.0  7,055.0     883.7   2,017.1    4,154.3  1,614.3  1,646.1  1,176.8    322.6      854.2     469.3     -31.7
2002..............................   10,487.0  7,376.1     916.2   2,080.1    4,379.8  1,579.2  1,568.0  1,063.9    271.6      792.4     504.1      11.2
2003..............................   11,004.0  7,760.9     950.7   2,200.1    4,610.1  1,665.8  1,667.0  1,094.7    261.6      833.1     572.3      -1.2
2004 p............................   11,728.0  8,231.1     995.7   2,376.5    4,859.0  1,922.4  1,879.3  1,217.6    277.0      940.7     661.7      43.1

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...........................   10,021.5  6,955.8     872.1   2,000.0    4,083.7  1,675.3  1,685.2  1,229.6    323.9      905.7     455.6      -9.9
II..........................   10,128.9  7,017.5     864.7   2,016.6    4,136.2  1,647.7  1,654.7  1,187.1    325.7      861.4     467.6      -7.0
III.........................   10,135.1  7,058.5     865.1   2,024.2    4,169.1  1,613.0  1,644.8  1,167.2    335.8      831.4     477.6     -31.8
IV..........................   10,226.3  7,188.4     932.8   2,027.5    4,228.0  1,521.4  1,599.6  1,123.2    305.2      818.1     476.3     -78.2

2002: I...........................   10,338.2  7,236.9     903.5   2,046.8    4,286.5  1,568.5  1,577.4  1,091.4    290.0      801.4     486.0      -8.9
II..........................   10,445.7  7,339.3     907.5   2,077.7    4,354.0  1,577.0  1,563.0  1,061.2    273.4      787.8     501.8      14.0
III.........................   10,546.5  7,428.0     932.8   2,081.3    4,413.9  1,581.3  1,562.2  1,055.0    262.7      792.3     507.2      19.1
IV..........................   10,617.5  7,500.0     920.8   2,114.6    4,464.7  1,589.9  1,569.5  1,048.1    260.1      788.0     521.4      20.4

2003: I...........................   10,744.6  7,609.8     912.1   2,167.5    4,530.2  1,596.6  1,586.0  1,046.4    253.6      792.8     539.6      10.6
II..........................   10,884.0  7,696.3     946.8   2,163.6    4,585.9  1,611.1  1,626.4  1,072.7    262.3      810.4     553.8     -15.3
III.........................   11,116.7  7,822.5     972.7   2,219.2    4,630.6  1,696.6  1,700.2  1,113.3    262.3      851.1     586.9      -3.7
IV..........................   11,270.9  7,914.9     971.1   2,250.1    4,693.6  1,758.8  1,755.2  1,146.3    268.2      878.1     609.0       3.5

2004: I...........................   11,472.6  8,060.2     976.3   2,316.6    4,767.3  1,819.7  1,783.5  1,158.8    266.0      892.8     624.6      36.2
II..........................   11,657.5  8,153.8     975.5   2,354.6    4,823.8  1,920.7  1,861.7  1,198.5    275.5      923.1     663.2      59.0
III.........................   11,814.9  8,282.5   1,007.0   2,387.2    4,888.2  1,947.0  1,915.4  1,238.5    281.2      957.3     677.0      31.6
IV p........................   11,967.0  8,428.1   1,023.9   2,447.6    4,956.5  2,002.2  1,956.6  1,274.7    285.2      989.6     681.9      45.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
See next page for continuation of table.


Table B-1.--Gross domestic product, 1959-2004--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.....................................................    -367.0   1,032.8    1,399.8   1,825.6     612.9     392.6     220.3  1,212.8   10,159.7   10,495.0   10,171.6        3.2        2.9
2002.....................................................    -424.9   1,005.0    1,429.9   1,956.6     680.8     437.4     243.4  1,275.8   10,475.9   10,911.9   10,514.1        3.5        4.0
2003.....................................................    -498.1   1,046.2    1,544.3   2,075.5     752.2     496.4     255.7  1,323.3   11,005.3   11,502.2   11,059.2        4.9        5.4
2004 p...................................................    -609.3   1,170.2    1,779.6   2,183.8     810.0     548.1     261.9  1,373.9   11,684.9   12,337.3   .........       6.6        7.3

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..................................................    -392.9   1,100.7    1,493.7   1,783.3     596.2     383.5     212.7  1,187.2   10,031.4   10,414.4   10,060.2        2.8        2.2
II.................................................    -361.7   1,060.5    1,422.2   1,825.4     610.9     388.3     222.6  1,214.5   10,136.0   10,490.6   10,173.5        4.4        3.0
III................................................    -361.9   1,003.5    1,365.3   1,825.6     614.3     393.0     221.3  1,211.2   10,166.9   10,497.0   10,151.8         .2         .2
IV.................................................    -351.6     966.6    1,318.2   1,868.2     630.1     405.6     224.5  1,238.1   10,304.5   10,577.9   10,300.9        3.6        3.1

2002: I..................................................    -376.3     975.0    1,351.3   1,909.2     654.2     418.5     235.8  1,255.0   10,347.2   10,714.6   10,361.7        4.5        5.3
II.................................................    -415.4   1,008.1    1,423.5   1,944.9     676.6     431.7     244.9  1,268.3   10,431.7   10,861.2   10,461.6        4.2        5.6
III................................................    -431.1   1,023.4    1,454.5   1,968.3     684.4     438.5     245.9  1,283.9   10,527.4   10,977.6   10,571.7        3.9        4.4
IV.................................................    -476.6   1,013.5    1,490.1   2,004.2     708.2     461.0     247.2  1,296.0   10,597.1   11,094.1   10,661.2        2.7        4.3

2003: I..................................................    -503.3   1,019.8    1,523.0   2,041.4     723.4     467.4     256.0  1,318.0   10,734.0   11,247.8   10,781.3        4.9        5.7
II.................................................    -497.6   1,018.1    1,515.7   2,074.2     761.1     506.7     254.4  1,313.1   10,899.3   11,381.6   10,929.0        5.3        4.8
III................................................    -488.8   1,047.7    1,536.4   2,086.4     756.7     498.1     258.7  1,329.7   11,120.4   11,605.5   11,168.3        8.8        8.1
IV.................................................    -502.8   1,099.2    1,602.0   2,100.0     767.5     513.6     253.9  1,332.6   11,267.4   11,773.7   11,358.1        5.7        5.9

2004: I..................................................    -546.8   1,134.3    1,681.2   2,139.5     793.3     534.1     259.1  1,346.3   11,436.4   12,019.4   11,546.1        7.4        8.6
II.................................................    -591.3   1,167.6    1,758.9   2,174.3     804.4     541.2     263.2  1,369.9   11,598.5   12,248.8   11,693.6        6.6        7.9
III................................................    -611.8   1,189.5    1,801.2   2,197.2     817.4     557.0     260.4  1,379.8   11,783.3   12,426.6   11,853.0        5.5        5.9
IV p...............................................    -687.5   1,189.6    1,877.1   2,224.3     824.8     559.9     264.9  1,399.5   11,921.5   12,654.5   .........       5.3        7.5
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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.