[Economic Report of the President (2005)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-2004 [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Gross saving ------------------------------------------------------------------------------------------------------------------------------------ Net saving Consumption of fixed capital ------------------------------------------------------------------------------------------------------------------------- Year or quarter Total Net private saving Net government saving gross Total -------------------------------------------------------------------------------- saving net Undistributed Wage accruals State Total Private Government saving Total Personal corporate less Total Federal and saving profits \1\ disbursements local ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959....................................................... 106.2 53.2 46.0 26.7 19.4 0.0 7.1 3.3 3.8 53.0 38.6 14.5 1960....................................................... 111.3 55.8 44.3 26.7 17.6 .0 11.5 7.2 4.3 55.6 40.5 15.0 1961....................................................... 114.3 57.1 50.2 32.2 18.1 .0 6.9 2.6 4.3 57.2 41.6 15.6 1962....................................................... 124.9 65.7 57.9 33.8 24.1 .0 7.8 2.5 5.2 59.3 42.8 16.5 1963....................................................... 133.2 70.8 59.7 33.3 26.4 .0 11.1 5.4 5.7 62.4 44.9 17.5 1964....................................................... 143.4 78.4 71.0 40.8 30.1 .0 7.4 1.0 6.4 65.0 46.9 18.1 1965....................................................... 158.5 89.1 79.2 43.0 36.2 .0 9.9 3.3 6.5 69.4 50.5 18.9 1966....................................................... 168.7 93.1 83.1 44.4 38.7 .0 10.0 2.3 7.8 75.6 55.5 20.1 1967....................................................... 170.5 89.0 91.4 54.4 36.9 .0 -2.4 -9.4 7.0 81.5 59.9 21.6 1968....................................................... 182.0 93.6 88.4 52.8 35.6 .0 5.2 -2.3 7.5 88.4 65.2 23.1 1969....................................................... 198.3 100.4 83.7 52.5 31.2 .0 16.7 8.7 8.0 97.9 73.1 24.8 1970....................................................... 192.7 86.0 94.0 69.5 24.6 .0 -8.1 -15.2 7.1 106.7 80.0 26.7 1971....................................................... 208.9 93.9 115.8 80.6 34.8 .4 -21.9 -28.4 6.5 115.0 86.7 28.3 1972....................................................... 237.5 111.0 119.8 77.2 42.9 -.3 -8.8 -24.4 15.6 126.5 97.1 29.5 1973....................................................... 292.0 152.7 148.3 102.7 45.6 .0 4.4 -11.3 15.7 139.3 107.9 31.4 1974....................................................... 301.5 139.0 143.4 113.6 29.8 .0 -4.4 -13.8 9.3 162.5 126.6 35.9 1975....................................................... 297.0 109.2 175.8 125.6 50.2 .0 -66.6 -69.0 2.5 187.7 147.8 40.0 1976....................................................... 342.1 137.0 181.3 122.3 59.0 .0 -44.4 -51.7 7.4 205.2 162.5 42.6 1977....................................................... 397.5 167.5 198.5 125.3 73.2 .0 -31.0 -44.1 13.1 230.0 184.3 45.7 1978....................................................... 478.0 215.7 223.5 142.5 81.0 .0 -7.8 -26.5 18.7 262.3 212.8 49.5 1979....................................................... 536.7 236.6 234.9 159.1 75.7 .0 1.7 -11.3 13.0 300.1 245.7 54.5 1980....................................................... 549.4 206.5 251.3 201.4 49.9 .0 -44.8 -53.6 8.8 343.0 281.1 61.8 1981....................................................... 654.7 266.6 312.3 244.3 68.0 .0 -45.7 -53.3 7.6 388.1 317.9 70.1 1982....................................................... 629.1 202.2 336.2 270.8 65.4 .0 -134.1 -131.9 -2.2 426.9 349.8 77.1 1983....................................................... 609.4 165.6 333.7 233.6 100.1 .0 -168.1 -173.0 4.9 443.8 362.1 81.7 1984....................................................... 773.4 300.9 445.0 314.8 130.3 .0 -144.1 -168.1 23.9 472.6 385.6 87.0 1985....................................................... 767.5 260.7 413.4 280.0 133.4 .0 -152.6 -175.0 22.3 506.7 414.0 92.7 1986....................................................... 733.5 202.2 372.0 268.4 103.7 .0 -169.9 -190.8 21.0 531.3 431.8 99.5 1987....................................................... 796.8 234.9 367.4 241.4 126.1 .0 -132.6 -145.0 12.4 561.9 455.3 106.7 1988....................................................... 915.0 317.4 434.0 272.9 161.1 .0 -116.6 -134.5 17.9 597.6 483.5 114.1 1989....................................................... 944.7 300.4 409.7 287.1 122.6 .0 -109.3 -130.1 20.8 644.3 522.1 122.2 1990....................................................... 940.4 258.0 422.7 299.4 123.3 .0 -164.8 -172.0 7.2 682.5 551.6 130.9 1991....................................................... 964.1 238.2 456.1 324.2 131.9 .0 -217.9 -213.7 -4.2 725.9 586.9 139.1 1992....................................................... 948.2 196.3 493.0 366.0 142.7 -15.8 -296.7 -297.4 .7 751.9 607.3 144.6 1993....................................................... 962.4 186.0 458.6 284.0 168.1 6.4 -272.6 -273.5 .9 776.4 624.7 151.8 1994....................................................... 1,070.7 237.1 438.9 249.5 171.8 17.6 -201.9 -212.3 10.5 833.7 675.1 158.6 1995....................................................... 1,184.5 306.2 491.1 250.9 223.8 16.4 -184.9 -197.0 12.0 878.4 713.4 165.0 1996....................................................... 1,291.1 373.0 489.0 228.4 256.9 3.6 -116.0 -141.8 25.8 918.1 748.8 169.3 1997....................................................... 1,461.1 486.6 503.3 218.3 287.9 -2.9 -16.7 -55.8 39.1 974.4 800.3 174.1 1998....................................................... 1,598.7 568.6 477.8 276.8 201.7 -.7 90.8 38.8 52.0 1,030.2 851.2 179.0 1999 ...................................................... 1,674.3 573.0 419.0 158.6 255.3 5.2 154.0 103.6 50.4 1,101.3 914.3 187.0 2000 ...................................................... 1,770.5 582.7 343.3 168.5 174.8 .0 239.4 189.5 50.0 1,187.8 990.8 197.0 2001....................................................... 1,657.6 376.1 324.6 132.3 192.3 .0 51.5 46.7 4.8 1,281.5 1,075.5 206.0 2002....................................................... 1,484.3 180.3 459.8 159.2 300.7 .0 -279.5 -254.5 -25.0 1,303.9 1,092.8 211.2 2003....................................................... 1,487.7 133.8 501.5 110.6 390.9 .0 -367.8 -364.5 -3.2 1,353.9 1,135.9 218.1 2004 p..................................................... ......... ........ ....... 90.0 ............. .0 ........ ........ ........ 1,406.9 1,177.9 229.0 2000: I.................................................... 1,784.5 631.4 362.8 171.2 191.6 .0 268.7 212.7 55.9 1,153.1 959.6 193.4 II................................................... 1,772.4 595.4 354.5 171.3 183.2 .0 240.9 181.4 59.5 1,177.0 981.0 196.0 III ................................................. 1,795.1 595.2 355.0 190.1 164.9 .0 240.2 191.2 49.0 1,199.9 1,001.6 198.3 IV .................................................. 1,730.0 508.7 300.8 141.2 159.6 .0 207.9 172.5 35.4 1,221.3 1,021.1 200.2 2001: I.................................................... 1,745.3 504.8 315.7 138.6 177.0 .0 189.2 156.6 32.5 1,240.5 1,038.4 202.0 II................................................... 1,704.0 433.2 283.8 88.7 195.1 .0 149.4 123.6 25.8 1,270.8 1,067.0 203.8 III ................................................. 1,647.9 315.2 412.4 261.6 150.9 .0 -97.2 -88.6 -8.6 1,332.7 1,121.3 211.4 IV .................................................. 1,533.1 251.2 286.5 40.5 246.1 .0 -35.3 -4.7 -30.6 1,281.8 1,075.2 206.6 2002: I.................................. 1,549.7 262.6 499.9 209.3 290.6 .0 -237.3 -208.5 -28.8 1,287.1 1,078.5 208.6 II .................................................. 1,528.5 230.6 505.8 210.0 295.8 .0 -275.2 -251.6 -23.6 1,297.9 1,087.7 210.3 III ................................................. 1,451.5 142.2 418.7 126.1 292.6 .0 -276.5 -255.1 -21.3 1,309.3 1,097.4 211.9 IV .................................................. 1,407.4 85.9 414.9 91.2 323.7 .0 -329.0 -302.7 -26.3 1,321.5 1,107.6 213.8 2003: I.................................. 1,375.0 41.0 371.6 79.5 292.0 .0 -330.6 -281.6 -49.0 1,334.0 1,118.4 215.6 II .................................................. 1,436.0 89.0 459.1 92.1 367.0 .0 -370.1 -364.4 -5.7 1,347.0 1,129.7 217.3 III ................................................. 1,518.1 157.5 584.0 159.8 424.2 .0 -426.5 -433.0 6.5 1,360.6 1,141.5 219.1 IV .................................................. 1,621.7 247.6 591.5 111.1 480.4 .0 -343.9 -379.2 35.3 1,374.2 1,153.8 220.4 2004: I.................................................... 1,568.3 213.3 592.4 86.8 505.7 .0 -379.2 -391.0 11.8 1,355.0 1,132.4 222.6 II................................................... 1,616.3 241.2 602.9 113.4 489.5 .0 -361.7 -380.0 18.3 1,375.2 1,148.1 227.0 III ................................................. 1,601.5 103.6 483.2 42.6 440.7 .0 -379.6 -384.1 4.5 1,497.9 1,266.8 231.1 IV p................................................. ......... ........ ....... 117.2 ............. .0 ........ ........ ........ 1,399.5 1,164.0 235.5 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ With inventory valuation and capital consumption adjustments. See next page for continuation of table. Table B-32.--Gross saving and investment, 1959-2004--Continued [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Gross domestic investment, capital account transactions, and Addenda: net lending, NIPA ----------------------------------------------------------------------- ----------------------------------------------------------------- Gross government saving Gross domestic investment ------------------------------ Gross Net ------------------------------ Net saving saving Year or quarter Gross Capital lending Statistical Gross Net domes- as a as a private Gross account or net discrepancy private State tic percent percent Total domes- govern- transactions borrowing saving Total Federal and investment of gross of gross Total tic ment (net) \3\ (-), NIPA local national national invest- invest- \4\ income income ment ment \2\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959...................................... 106.7 107.8 78.5 29.3 ............ -1.2 0.5 84.6 21.6 13.6 8.0 54.8 20.9 10.4 1960...................................... 110.4 107.2 78.9 28.3 ............ 3.2 -.9 84.8 26.5 17.8 8.7 51.6 21.0 10.5 1961...................................... 113.8 109.5 78.2 31.3 ............ 4.3 -.6 91.8 22.5 13.5 9.0 52.3 20.8 10.4 1962...................................... 125.3 121.4 88.1 33.3 ............ 3.9 .4 100.7 24.3 14.0 10.3 62.2 21.2 11.1 1963...................................... 132.4 127.4 93.8 33.6 ............ 5.0 -.8 104.6 28.6 17.5 11.1 65.0 21.4 11.4 1964...................................... 144.2 136.7 102.1 34.6 ............ 7.5 .8 117.9 25.5 13.4 12.1 71.7 21.5 11.7 1965...................................... 160.0 153.8 118.2 35.6 ............ 6.2 1.6 129.7 28.8 16.0 12.8 84.4 21.9 12.3 1966...................................... 175.0 171.1 131.3 39.8 ............ 3.9 6.3 138.6 30.1 15.5 14.6 95.5 21.4 11.8 1967...................................... 175.1 171.6 128.6 43.0 ............ 3.6 4.6 151.3 19.2 4.7 14.5 90.1 20.5 10.7 1968...................................... 186.6 184.8 141.2 43.6 ............ 1.7 4.6 153.7 28.3 12.5 15.8 96.5 20.0 10.3 1969...................................... 201.5 199.7 156.4 43.3 ............ 1.8 3.2 156.8 41.5 24.2 17.3 101.8 20.1 10.2 1970...................................... 200.0 196.0 152.4 43.6 ............ 4.0 7.3 174.1 18.6 .9 17.7 89.3 18.6 8.3 1971...................................... 220.5 219.9 178.2 41.8 ............ .6 11.6 202.5 6.4 -11.9 18.3 104.9 18.6 8.4 1972...................................... 246.6 250.2 207.6 42.6 ............ -3.6 9.1 216.8 20.7 -7.7 28.5 123.7 19.2 9.0 1973...................................... 300.7 291.3 244.5 46.8 ............ 9.3 8.6 256.3 35.8 5.8 30.0 152.1 21.1 11.0 1974...................................... 312.3 305.7 249.4 56.3 ............ 6.6 10.9 270.0 31.5 4.5 27.0 143.2 20.0 9.2 1975...................................... 314.7 293.3 230.2 63.1 ............ 21.4 17.7 323.6 -26.6 -49.3 22.7 105.6 18.2 6.7 1976...................................... 367.2 358.4 292.0 66.4 ............ 8.9 25.1 343.8 -1.7 -30.3 28.6 153.2 18.8 7.5 1977...................................... 419.8 428.8 361.3 67.5 ............ -9.0 22.3 382.8 14.7 -21.0 35.7 198.8 19.6 8.3 1978...................................... 504.6 515.0 438.0 77.1 ............ -10.4 26.6 436.3 41.7 -1.5 43.2 252.7 20.9 9.4 1979...................................... 582.8 581.4 492.9 88.5 ............ 1.4 46.0 480.5 56.2 15.7 40.5 281.2 21.1 9.3 1980...................................... 590.9 579.5 479.3 100.3 ............ 11.4 41.4 532.4 17.0 -23.6 40.6 236.6 19.7 7.4 1981...................................... 685.6 679.3 572.4 106.9 ............ 6.3 30.9 630.3 24.4 -19.4 43.9 291.2 20.9 8.5 1982...................................... 629.4 629.5 517.2 112.3 -0.2 .0 .3 686.0 -56.9 -94.2 37.3 202.6 19.1 6.1 1983...................................... 655.1 687.2 564.3 122.9 -.2 -31.8 45.7 695.8 -86.5 -132.3 45.8 243.4 17.3 4.7 1984...................................... 788.0 875.0 735.6 139.4 -.2 -86.7 14.6 830.6 -57.2 -123.5 66.3 402.4 19.6 7.6 1985...................................... 784.1 895.0 736.2 158.8 -.3 -110.5 16.7 827.3 -59.9 -126.9 67.0 388.3 18.1 6.2 1986...................................... 780.5 919.7 746.5 173.2 -.3 -138.9 47.0 803.9 -70.4 -139.2 68.8 388.4 16.5 4.6 1987...................................... 818.5 969.2 785.0 184.3 -.4 -150.4 21.7 822.7 -25.9 -89.8 63.9 407.3 16.8 5.0 1988...................................... 895.5 1,007.7 821.6 186.1 -.5 -111.7 -19.5 917.5 -2.5 -75.2 72.7 410.1 17.8 6.2 1989...................................... 984.3 1,072.6 874.9 197.7 -.3 -88.0 39.7 931.8 12.9 -66.7 79.6 428.4 17.3 5.5 1990...................................... 1,006.7 1,076.7 861.0 215.7 6.6 -76.6 66.2 974.3 -33.8 -104.1 70.3 394.2 16.3 4.5 1991...................................... 1,036.6 1,023.2 802.9 220.3 4.5 9.0 72.5 1,042.9 -78.8 -141.5 62.7 297.3 16.2 4.0 1992...................................... 1,051.0 1,087.9 864.8 223.1 .6 -37.5 102.7 1,100.4 -152.1 -222.7 70.6 336.0 15.1 3.1 1993...................................... 1,102.0 1,172.4 953.4 219.0 1.3 -71.7 139.5 1,083.3 -120.8 -195.5 74.7 395.9 14.7 2.8 1994...................................... 1,213.2 1,318.4 1,097.1 221.4 1.7 -106.9 142.5 1,114.0 -43.2 -132.2 88.9 484.7 15.4 3.4 1995...................................... 1,285.7 1,376.7 1,144.0 232.7 .9 -91.9 101.2 1,204.5 -19.9 -115.1 95.2 498.4 16.2 4.2 1996...................................... 1,384.8 1,485.2 1,240.3 244.9 .7 -101.0 93.7 1,237.8 53.3 -59.7 113.0 567.1 16.6 4.8 1997...................................... 1,531.7 1,641.9 1,389.8 252.2 1.0 -111.3 70.7 1,303.6 157.5 26.7 130.7 667.5 17.7 5.9 1998...................................... 1,584.1 1,771.5 1,509.1 262.4 .7 -188.1 -14.6 1,328.9 269.8 121.6 148.2 741.3 18.2 6.5 1999 ..................................... 1,638.5 1,912.4 1,625.7 286.8 4.8 -278.7 -35.7 1,333.3 341.0 188.5 152.5 811.2 17.9 6.1 2000 ..................................... 1,643.3 2,040.0 1,735.5 304.5 .8 -397.4 -127.2 1,334.1 436.4 276.6 159.8 852.1 17.7 5.8 2001...................................... 1,567.9 1,938.3 1,614.3 324.0 1.1 -371.5 -89.6 1,400.1 257.5 134.9 122.6 656.9 16.2 3.7 2002...................................... 1,468.9 1,926.6 1,579.2 347.4 1.3 -458.9 -15.3 1,552.6 -68.4 -165.5 97.1 622.7 14.1 1.7 2003...................................... 1,513.3 2,024.2 1,665.8 358.5 3.1 -514.0 25.6 1,637.4 -149.7 -274.3 124.7 670.3 13.5 1.2 2004 p.................................... ........ 2,301.7 1,922.4 379.3 ............ ......... ........... ........ ........ ........ ........ 894.8 ........ ........ 2000: I................................... 1,612.8 1,975.6 1,672.3 303.3 .8 -363.6 -171.7 1,322.4 462.1 299.4 162.7 822.6 18.1 6.4 II.................................. 1,704.6 2,085.7 1,781.7 304.0 .8 -381.9 -67.8 1,335.5 437.0 268.4 168.6 908.7 17.9 6.0 III................................. 1,630.6 2,054.0 1,749.0 305.0 .9 -424.3 -164.6 1,356.6 438.5 278.7 159.8 854.1 17.8 5.9 IV ................................. 1,625.4 2,044.5 1,738.9 305.6 .8 -419.9 -104.6 1,321.9 408.1 260.1 147.9 823.3 17.1 5.0 2001: I................................... 1,577.5 1,988.5 1,675.3 313.2 1.1 -412.0 -167.8 1,354.1 391.2 244.5 146.7 748.0 17.1 4.9 II.................................. 1,605.3 1,981.6 1,647.7 333.9 1.0 -377.4 -98.8 1,350.8 353.2 211.9 141.4 710.7 16.6 4.2 III ................................ 1,576.8 1,929.3 1,613.0 316.3 1.2 -353.7 -71.1 1,533.8 114.1 -.2 114.3 596.6 16.1 3.1 IV ................................. 1,512.2 1,854.0 1,521.4 332.7 1.0 -342.9 -20.9 1,361.7 171.4 83.5 87.8 572.2 14.9 2.4 2002: I................................... 1,487.9 1,910.8 1,568.5 342.3 1.1 -424.1 -61.8 1,578.4 -28.7 -119.8 91.1 623.7 14.9 2.5 II.................................. 1,469.8 1,924.1 1,577.0 347.1 1.1 -455.3 -58.7 1,593.4 -64.9 -162.8 97.9 626.1 14.5 2.2 III ................................ 1,472.3 1,932.4 1,581.3 351.1 1.4 -461.6 20.8 1,516.1 -64.6 -166.1 101.6 623.1 13.8 1.3 IV ................................. 1,445.8 1,939.2 1,589.9 349.2 1.4 -494.7 38.4 1,522.6 -115.2 -213.0 97.8 617.7 13.2 .8 2003: I................................... 1,414.7 1,948.9 1,596.6 352.3 1.6 -535.9 39.6 1,490.0 -114.9 -192.0 77.0 614.9 12.8 .4 II.................................. 1,449.3 1,967.8 1,611.1 356.7 6.2 -524.8 13.2 1,588.8 -152.7 -274.3 121.6 620.8 13.2 .8 III................................. 1,554.7 2,059.0 1,696.6 362.4 3.3 -507.5 36.6 1,725.5 -207.4 -342.5 135.0 698.4 13.6 1.4 IV.................................. 1,634.6 2,121.2 1,758.8 362.4 1.2 -487.8 12.8 1,745.3 -123.5 -288.5 165.0 747.0 14.3 2.2 2004: I................................... 1,631.3 2,188.3 1,819.7 368.6 1.4 -558.4 63.0 1,724.9 -156.6 -299.5 142.9 833.3 13.7 1.9 II.................................. 1,672.8 2,302.9 1,920.7 382.2 1.1 -631.2 56.4 1,751.1 -134.7 -287.2 152.5 927.7 13.9 2.1 III................................. 1,691.9 2,325.6 1,947.0 378.7 1.3 -635.0 90.4 1,750.1 -148.5 -290.7 142.2 827.7 13.6 .9 IV p................................ ........ 2,389.8 2,002.2 387.7 ............ ......... ........... ........ ........ ........ ........ 990.3 ........ ........ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \2\ For details on government investment, see Table B-20. \3\ Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. \4\ Prior to 1982, equals the balance on current account, NIPA (see Table B-24). Source: Department of Commerce, Bureau of Economic Analysis.