[Economic Report of the President (2006)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-2005 [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....................................................... 1,489.1 197.1 479.2 184.7 294.5 .0 -282.1 -247.9 -34.2 1,292.0 1,080.3 211.6 2003....................................................... 1,474.1 142.7 549.3 172.8 376.5 .0 -406.5 -382.7 -23.8 1,331.3 1,112.8 218.5 2004 ...................................................... 1,572.0 136.8 549.1 151.8 397.3 .0 -412.3 -406.5 -5.9 1,435.3 1,206.2 229.1 2005 p..................................................... ......... ........ ....... -41.6 ............. .0 ........ ........ ........ 1,574.1 1,327.2 246.9 2002: I.................................. 1,535.7 253.7 497.4 225.4 272.0 .0 -243.8 -208.5 -35.3 1,282.0 1,073.1 208.9 II .................................................. 1,512.6 224.4 500.9 221.2 279.7 .0 -276.5 -241.4 -35.1 1,288.2 1,077.5 210.8 III ................................................. 1,461.5 166.7 445.4 153.0 292.4 .0 -278.7 -247.3 -31.4 1,294.9 1,082.4 212.5 IV .................................................. 1,446.6 143.8 473.3 139.3 334.0 .0 -329.5 -294.6 -34.9 1,302.7 1,088.4 214.3 2003: I.................................. 1,413.3 101.4 465.2 154.0 311.3 .0 -363.8 -296.0 -67.8 1,311.8 1,095.7 216.1 II .................................................. 1,456.8 133.0 532.9 169.6 363.4 .0 -399.9 -373.8 -26.1 1,323.8 1,105.8 218.1 III ................................................. 1,470.0 132.8 602.8 205.1 397.7 .0 -469.9 -456.2 -13.8 1,337.2 1,117.8 219.3 IV .................................................. 1,556.2 203.7 596.2 162.6 433.6 .0 -392.5 -405.0 12.5 1,352.5 1,131.8 220.6 2004: I.................................................... 1,534.7 163.6 599.4 155.8 443.5 .0 -435.8 -429.3 -6.5 1,371.1 1,147.8 223.3 II................................................... 1,546.4 152.6 567.6 141.2 426.4 .0 -415.0 -413.4 -1.6 1,393.8 1,165.8 228.1 III ................................................. 1,590.1 56.0 486.9 104.6 382.3 .0 -430.9 -411.6 -19.3 1,534.1 1,303.5 230.6 IV .................................................. 1,617.0 174.9 542.6 205.4 337.2 .0 -367.7 -371.6 4.0 1,442.0 1,207.6 234.5 2005: I.................................................... 1,635.5 187.1 478.1 47.4 430.7 .0 -290.9 -298.3 7.4 1,448.4 1,210.9 237.5 II................................................... 1,628.4 171.2 447.2 -21.5 468.7 .0 -276.1 -297.3 21.3 1,457.2 1,216.9 240.4 III ................................................. 1,696.0 -167.8 253.8 -158.9 412.6 .0 -421.6 -415.2 -6.4 1,863.8 1,603.6 260.2 IV p................................................. ......... ........ ....... -33.3 ............. .0 ........ ........ ........ 1,526.9 1,277.3 249.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ With inventory valuation and capital consumption adjustments. See next page for continuation of table. Table B-32.--Gross saving and investment, 1959-2005--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...................................... 1,468.1 1,926.4 1,582.1 344.3 1.4 -459.7 -21.0 1,559.6 -70.5 -159.1 88.6 634.4 14.2 1.9 2003...................................... 1,521.1 2,025.6 1,670.4 355.3 3.2 -507.7 47.1 1,662.1 -188.0 -292.5 104.5 694.3 13.4 1.3 2004 ..................................... 1,648.9 2,300.6 1,928.1 372.5 1.6 -653.4 76.8 1,755.3 -183.2 -312.7 129.4 865.3 13.4 1.2 2005 p.................................... ........ 2,499.4 2,099.5 399.9 ............ ......... ........... ........ ........ ........ ........ 925.4 ........ ........ 2002: I................................... 1,482.1 1,903.1 1,564.1 339.0 1.2 -422.2 -53.6 1,570.5 -34.9 -119.9 85.0 621.1 14.7 2.4 II.................................. 1,455.9 1,915.4 1,571.4 343.9 1.2 -460.7 -56.7 1,578.3 -65.7 -152.8 87.0 627.2 14.4 2.1 III ................................ 1,476.1 1,939.7 1,592.9 346.8 1.5 -465.1 14.6 1,527.7 -66.2 -158.4 92.2 644.8 13.9 1.6 IV ................................. 1,458.3 1,947.4 1,600.1 347.4 1.6 -490.7 11.7 1,561.7 -115.2 -205.1 90.0 644.7 13.6 1.4 2003: I................................... 1,429.8 1,958.9 1,610.0 349.0 1.7 -530.8 16.6 1,560.9 -147.7 -206.4 58.7 647.1 13.2 .9 II.................................. 1,471.2 1,974.5 1,619.3 355.2 6.4 -509.6 14.4 1,638.7 -181.9 -283.4 101.6 650.6 13.4 1.2 III................................. 1,555.3 2,054.4 1,694.2 360.1 3.3 -502.4 85.3 1,720.6 -250.6 -365.7 115.1 717.2 13.3 1.2 IV.................................. 1,628.2 2,114.7 1,757.9 356.8 1.4 -487.9 72.0 1,728.1 -171.9 -314.3 142.5 762.2 13.8 1.8 2004: I................................... 1,612.5 2,178.7 1,818.2 360.4 1.7 -567.9 77.8 1,747.2 -212.5 -337.6 125.1 807.5 13.4 1.4 II.................................. 1,654.5 2,303.4 1,928.5 375.0 1.5 -650.4 108.1 1,733.4 -187.0 -320.0 133.0 909.6 13.3 1.3 III................................. 1,680.9 2,334.0 1,961.2 372.9 1.6 -654.7 90.8 1,790.4 -200.3 -317.3 117.1 799.9 13.5 .5 IV ................................. 1,647.6 2,386.2 2,004.5 381.7 1.8 -740.4 30.6 1,750.2 -133.2 -275.7 142.5 944.2 13.5 1.5 2005: I................................... 1,675.0 2,441.9 2,058.5 383.4 17.3 -784.3 39.4 1,688.9 -53.4 -201.4 148.0 993.5 13.4 1.5 II.................................. 1,706.6 2,453.5 2,054.4 399.1 .5 -747.3 78.3 1,664.1 -35.7 -199.6 163.9 996.3 13.2 1.4 III................................. 1,762.5 2,503.6 2,099.5 404.1 .5 -741.6 66.5 1,857.4 -161.5 -316.0 154.6 639.8 13.5 -1.3 IV p................................ ........ 2,598.8 2,185.7 413.1 ............ ......... ........... ........ ........ ........ ........ 1,071.9 ........ ........ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.