[Economic Report of the President (2006)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] NATIONAL INCOME OR EXPENDITURE Table B-1.--Gross domestic product, 1959-2005 [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.............................. 10,469.6 7,350.7 923.9 2,079.6 4,347.2 1,582.1 1,570.2 1,066.3 279.2 787.1 503.9 11.9 2003.............................. 10,971.2 7,709.9 950.1 2,189.0 4,570.8 1,670.4 1,654.9 1,082.4 276.9 805.6 572.5 15.4 2004 ............................. 11,734.3 8,214.3 987.8 2,368.3 4,858.2 1,928.1 1,872.6 1,198.8 298.4 900.4 673.8 55.4 2005 p............................ 12,479.4 8,745.9 1,025.7 2,564.3 5,155.9 2,099.5 2,084.3 1,328.3 334.5 993.8 756.0 15.2 2002: I........................... 10,333.3 7,230.3 915.2 2,044.9 4,270.2 1,564.1 1,572.4 1,085.2 292.2 793.0 487.2 -8.3 II.......................... 10,426.6 7,323.0 918.9 2,078.9 4,325.2 1,571.4 1,568.8 1,067.8 280.9 787.0 501.0 2.6 III......................... 10,527.4 7,396.6 940.1 2,085.1 4,371.4 1,592.9 1,566.8 1,061.4 272.1 789.3 505.4 26.0 IV.......................... 10,591.1 7,453.1 921.5 2,109.7 4,421.8 1,600.1 1,572.8 1,050.7 271.7 779.0 522.1 27.3 2003: I........................... 10,717.0 7,555.2 919.7 2,156.0 4,479.5 1,610.0 1,588.2 1,048.2 268.4 779.8 540.0 21.8 II.......................... 10,844.6 7,635.3 942.2 2,153.1 4,540.0 1,619.3 1,619.7 1,066.8 277.1 789.7 552.9 -.4 III......................... 11,087.4 7,782.4 974.7 2,213.5 4,594.2 1,694.2 1,683.7 1,098.8 279.0 819.8 584.9 10.6 IV.......................... 11,236.0 7,866.6 963.6 2,233.6 4,669.5 1,757.9 1,728.2 1,116.0 283.0 833.0 612.2 29.8 2004: I........................... 11,457.1 8,032.3 974.2 2,302.7 4,755.4 1,818.2 1,772.7 1,140.7 285.3 855.3 632.0 45.5 II.......................... 11,666.1 8,145.6 974.6 2,355.2 4,815.9 1,928.5 1,856.6 1,182.7 296.3 886.5 673.9 71.9 III......................... 11,818.8 8,263.2 993.8 2,378.4 4,891.0 1,961.2 1,908.7 1,219.0 302.1 916.9 689.7 52.5 IV ......................... 11,995.2 8,416.1 1,008.6 2,437.1 4,970.4 2,004.5 1,952.6 1,252.9 309.8 943.1 699.7 51.9 2005: I........................... 12,198.8 8,535.8 1,017.3 2,476.6 5,041.8 2,058.5 1,998.7 1,280.1 315.9 964.3 718.5 59.9 II.......................... 12,378.0 8,677.0 1,035.5 2,533.7 5,107.8 2,054.4 2,058.5 1,313.5 325.6 987.9 745.0 -4.2 III......................... 12,605.7 8,844.0 1,050.9 2,604.9 5,188.3 2,099.5 2,119.2 1,348.9 340.2 1,008.7 770.3 -19.7 IV p........................ 12,735.3 8,926.9 999.0 2,642.0 5,285.9 2,185.7 2,160.9 1,370.6 356.3 1,014.3 790.3 24.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- See next page for continuation of table. Table B-1.--Gross domestic product, 1959-2005--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..................................................... -424.4 1,005.9 1,430.3 1,961.1 679.7 437.1 242.5 1,281.5 10,457.7 10,894.0 10,500.2 3.4 3.8 2003..................................................... -500.9 1,045.6 1,546.5 2,091.9 754.8 496.7 258.2 1,337.1 10,955.8 11,472.1 11,039.3 4.8 5.3 2004 .................................................... -624.0 1,173.8 1,797.8 2,215.9 827.6 552.7 274.9 1,388.3 11,678.9 12,358.3 11,788.0 7.0 7.7 2005 p................................................... -725.7 1,299.2 2,024.9 2,359.7 874.8 585.3 289.5 1,484.9 12,464.2 13,205.2 ......... 6.4 6.9 2002: I.................................................. -373.1 976.4 1,349.5 1,912.0 654.9 418.2 236.6 1,257.2 10,341.6 10,706.4 10,359.5 4.3 4.9 II................................................. -416.1 1,008.2 1,424.3 1,948.3 675.2 431.1 244.1 1,273.1 10,424.0 10,842.7 10,443.3 3.7 5.2 III................................................ -433.8 1,022.9 1,456.7 1,971.8 682.0 438.0 243.9 1,289.8 10,501.4 10,961.2 10,557.0 3.9 4.4 IV................................................. -474.6 1,016.2 1,490.8 2,012.5 706.6 461.1 245.5 1,305.9 10,563.9 11,065.7 10,641.1 2.4 3.9 2003: I.................................................. -502.6 1,018.8 1,521.4 2,054.4 724.0 467.2 256.8 1,330.4 10,695.2 11,219.6 10,761.9 4.8 5.7 II................................................. -500.6 1,016.1 1,516.6 2,090.5 763.4 507.2 256.3 1,327.1 10,845.0 11,345.2 10,911.4 4.8 4.6 III................................................ -495.3 1,046.6 1,541.9 2,106.2 761.8 500.3 261.5 1,344.4 11,076.9 11,582.8 11,154.8 9.3 8.6 IV................................................. -505.0 1,101.1 1,606.1 2,116.5 770.0 512.0 258.0 1,346.5 11,206.2 11,741.1 11,329.2 5.5 5.6 2004: I.................................................. -559.6 1,130.8 1,690.3 2,166.2 808.3 538.7 269.6 1,357.9 11,411.6 12,016.7 11,540.1 8.1 9.7 II................................................. -613.1 1,163.3 1,776.4 2,205.0 824.6 547.2 277.4 1,380.4 11,594.2 12,279.1 11,712.8 7.5 9.0 III................................................ -638.0 1,183.8 1,821.8 2,232.5 836.5 562.9 273.6 1,395.9 11,766.3 12,456.8 11,867.3 5.3 5.9 IV ................................................ -685.4 1,217.1 1,902.5 2,260.0 840.8 562.0 278.8 1,419.1 11,943.3 12,680.6 12,032.0 6.1 7.4 2005: I.................................................. -697.5 1,253.2 1,950.6 2,302.0 860.2 575.3 285.0 1,441.7 12,138.9 12,896.3 12,238.2 7.0 7.0 II................................................. -691.0 1,297.1 1,988.1 2,337.6 869.8 582.5 287.3 1,467.7 12,382.1 13,069.0 12,413.5 6.0 5.5 III................................................ -730.4 1,314.6 2,045.1 2,392.7 892.2 601.7 290.5 1,500.4 12,625.4 13,336.1 12,650.0 7.6 8.4 IV p............................................... -784.1 1,331.8 2,115.8 2,406.8 876.9 581.6 295.3 1,529.9 12,710.5 13,519.3 ......... 4.2 5.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.