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


 
Table B-2.--Real gross domestic product, 1959-2004
[Billions of chained (2000) dollars, except as noted; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures                         Gross private domestic investment
-------------------------------------------------------------------------------------------------------------------
Fixed investment
-------------------------------------------------------
Gross                                                                        Nonresidential                        Change
Year or  quarter                           domestic                         Non-                                 --------------------------------              in  pri-
product    Total    Durable   durable   Services    Total                                    Equip-                   vate
goods     goods                          Total                           ment    Residential   inven-
Total   Structures     and                  tories
soft-
ware
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................................................   2,441.3   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..............................................................   9,890.7   6,910.4     900.7    1,986.7   4,023.2   1,598.4   1,629.4   1,180.5      306.1      874.2      448.5       -31.7
2002..............................................................  10,074.8   7,123.4     959.6    2,037.4   4,128.6   1,560.7   1,548.9   1,075.6      251.6      826.5      470.0        11.7
2003..............................................................  10,381.3   7,355.6   1,030.6    2,112.4   4,220.3   1,628.8   1,627.3   1,110.8      237.4      879.2      511.2         -.8
2004 p............................................................  10,837.2   7,634.7   1,101.3    2,208.3   4,339.0   1,839.1   1,790.4   1,225.6      239.7      996.6      559.6        45.3

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...........................................................   9,875.6   6,853.1     879.5    1,975.2   3,997.9   1,670.3   1,678.2   1,234.4      313.8      920.8      444.0        -7.8
II..........................................................   9,905.9   6,870.3     878.9    1,974.7   4,016.0   1,637.4   1,640.5   1,190.2      310.6      879.2      450.1        -2.5
III.........................................................   9,871.1   6,900.5     885.6    1,986.5   4,027.8   1,592.6   1,621.9   1,169.3      315.1      852.9      452.1       -29.9
IV .........................................................   9,910.0   7,017.6     958.7    2,010.3   4,051.2   1,493.4   1,577.0   1,128.2      284.9      843.8      447.8       -86.7

2002: I...........................................................   9,993.5   7,049.7     937.8    2,029.3   4,084.1   1,552.5   1,559.6   1,099.8      270.7      830.1      457.8        -7.4
II..........................................................  10,052.6   7,099.2     947.8    2,033.2   4,119.7   1,553.7   1,545.9   1,072.4      253.9      820.6      470.3         7.9
III.........................................................  10,117.3   7,149.9     979.3    2,030.2   4,143.8   1,569.2   1,546.6   1,069.5      243.0      829.8      473.6        22.7
IV .........................................................  10,135.9   7,194.6     973.4    2,056.8   4,166.9   1,567.3   1,543.5   1,060.9      238.9      825.5      478.5        23.8

2003: I...........................................................  10,184.4   7,242.2     973.2    2,082.0   4,188.7   1,564.0   1,552.7   1,060.5      230.7      834.6      487.3         9.6
II..........................................................  10,287.4   7,311.4   1,020.0    2,090.1   4,207.7   1,577.6   1,593.4   1,090.6      238.7      856.7      497.9       -17.6
III.........................................................  10,472.8   7,401.7   1,059.6    2,125.3   4,227.9   1,659.4   1,660.6   1,131.1      237.9      899.7      523.8        -3.5
IV..........................................................  10,580.7   7,466.8   1,069.7    2,152.0   4,256.7   1,714.1   1,702.7   1,161.0      242.4      925.6      535.9         8.6

2004: I...........................................................  10,697.5   7,543.0   1,075.5    2,187.3   4,291.7   1,764.5   1,721.4   1,173.0      237.7      943.7      542.5        40.0
II..........................................................  10,784.7   7,572.4   1,074.7    2,188.0   4,320.0   1,842.9   1,778.3   1,207.9      241.7      975.5      563.6        61.1
III.........................................................  10,891.0   7,667.8   1,118.3    2,213.2   4,352.4   1,853.9   1,816.1   1,245.3      241.0    1,015.6      565.9        34.5
IV p........................................................  10,975.7   7,755.4   1,136.6    2,244.7   4,391.8   1,895.1   1,845.7   1,276.3      238.5    1,051.5      566.3        45.8
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See next page for continuation of table.


Table B-2.--Real gross domestic product, 1959-2004--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....................................................    -399.1   1,036.7   1,435.8   1,780.3    601.4     384.9    216.5   1,179.0     9,920.9    10,290.1     9,933.6         .8        .9
2002....................................................    -472.1   1,012.3   1,484.4   1,857.9    646.6     414.6    232.0   1,211.4    10,063.2    10,544.6    10,101.7        1.9       2.5
2003....................................................    -518.5   1,031.8   1,550.3   1,909.4    689.6     451.8    237.6   1,219.8    10,379.9    10,895.7    10,433.9        3.0       3.3
2004 p..................................................    -586.4   1,115.3   1,701.7   1,946.7    721.9     485.1    236.4   1,224.7    10,790.2    11,416.8   ..........       4.4       4.8

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.................................................    -398.2   1,097.2   1,495.4   1,749.6    588.5     377.9    210.6   1,161.1     9,883.2    10,273.2     9,913.6        -.5       -.4
II................................................    -385.2   1,060.6   1,445.8   1,783.0    601.4     381.9    219.5   1,181.6     9,908.7    10,291.3     9,949.8        1.2        .7
III ..............................................    -398.4   1,008.7   1,407.1   1,776.1    601.5     384.1    217.3   1,174.6     9,899.9    10,270.1     9,887.7       -1.4       -.8
IV ...............................................    -414.5     980.3   1,394.9   1,812.7    614.2     395.6    218.6   1,198.5     9,992.3    10,325.6     9,983.1        1.6       2.2

2002: I.................................................    -444.9     991.6   1,436.5   1,833.5    626.4     401.3    225.2   1,207.2    10,000.4    10,437.7    10,017.2        3.4       4.4
II................................................    -458.1   1,017.8   1,475.9   1,853.4    645.5     412.3    233.2   1,208.0    10,044.9    10,508.9    10,068.9        2.4       2.8
III ..............................................    -469.8   1,025.5   1,495.3   1,863.1    650.1     415.8    234.3   1,213.1    10,095.2    10,584.8    10,142.4        2.6       2.9
IV ...............................................    -515.4   1,014.5   1,529.8   1,881.6    664.5     429.2    235.3   1,217.3    10,112.5    10,646.7    10,178.4         .7       2.4

2003: I.................................................    -511.7   1,010.6   1,522.3   1,882.5    665.0     426.2    238.8   1,217.7    10,173.3    10,692.0    10,220.3        1.9       1.7
II................................................    -525.2   1,006.5   1,531.7   1,915.3    699.0     462.3    236.5   1,216.3    10,302.5    10,808.1    10,330.8        4.1       4.4
III ..............................................    -508.7   1,033.8   1,542.5   1,916.0    693.1     453.1    239.9   1,222.9    10,473.9    10,978.3    10,521.7        7.4       6.4
IV ...............................................    -528.3   1,076.2   1,604.5   1,923.7    701.2     465.7    235.2   1,222.5    10,569.6    11,104.3    10,663.3        4.2       4.7

2004: I.................................................    -550.1   1,095.4   1,645.5   1,935.8    713.3     477.6    235.4   1,222.4    10,655.8    11,241.9    10,766.7        4.5       5.0
II................................................    -580.3   1,114.8   1,695.1   1,946.5    718.1     479.9    237.9   1,228.3    10,722.3    11,358.1    10,818.7        3.3       4.2
III ..............................................    -583.2   1,131.1   1,714.3   1,949.9    726.6     491.5    234.7   1,223.2    10,854.7    11,467.4    10,926.5        4.0       3.9
IV p..............................................    -631.9   1,120.0   1,751.9   1,954.5    729.5     491.5    237.6   1,224.9    10,928.1    11,599.6   ..........       3.1       4.7
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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.