[Economic Report of the President (2007)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]

 
NATIONAL INCOME OR EXPENDITURE


Table B-1.--Gross domestic product, 1959-2006
[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..............................   10,960.8  7,703.6     942.7   2,190.2    4,570.8  1,664.1  1,649.8  1,077.4    277.2      800.2     572.4      14.3
2004 .............................   11,712.5  8,211.5     986.3   2,345.2    4,880.1  1,888.0  1,830.6  1,155.3    300.8      854.5     675.3      57.3
2005 .............................   12,455.8  8,742.4   1,033.1   2,539.3    5,170.0  2,057.4  2,036.2  1,265.7    338.6      927.1     770.4      21.3

2003: I...........................   10,705.6  7,548.1     911.5   2,159.0    4,477.7  1,606.4  1,583.3  1,044.0    269.9      774.1     539.3      23.0
II..........................   10,831.8  7,628.4     937.3   2,155.4    4,535.6  1,617.1  1,620.6  1,067.4    279.2      788.2     553.2      -3.5
III.........................   11,086.1  7,782.6     964.4   2,216.8    4,601.4  1,690.5  1,678.7  1,093.3    280.2      813.2     585.4      11.8
IV..........................   11,219.5  7,855.3     957.4   2,229.5    4,668.4  1,742.3  1,716.4  1,104.8    279.6      825.2     611.6      25.9

2004: I...........................   11,430.9  8,018.0     971.5   2,284.7    4,761.8  1,781.9  1,743.9  1,112.1    286.5      825.6     631.8      38.0
II..........................   11,649.3  8,148.1     976.2   2,327.8    4,844.2  1,892.2  1,812.8  1,137.6    296.8      840.8     675.2      79.3
III.........................   11,799.4  8,265.0     990.9   2,355.5    4,918.6  1,917.7  1,862.9  1,170.0    306.4      863.6     692.9      54.8
IV .........................   11,970.3  8,414.8   1,006.4   2,412.7    4,995.7  1,960.2  1,902.9  1,201.5    313.6      887.9     701.4      57.3

2005: I...........................   12,173.2  8,519.7   1,013.1   2,450.2    5,056.4  2,013.5  1,954.1  1,230.0    326.5      903.5     724.1      59.4
II..........................   12,346.1  8,674.6   1,042.3   2,508.6    5,123.7  2,009.1  2,016.7  1,251.8    332.0      919.8     764.9      -7.6
III.........................   12,573.5  8,847.3   1,057.3   2,584.9    5,205.1  2,052.6  2,067.9  1,276.7    336.3      940.4     791.2     -15.3
IV..........................   12,730.5  8,927.8   1,019.6   2,613.5    5,294.7  2,154.5  2,105.8  1,304.3    359.7      944.7     801.5      48.6

2006: I...........................   13,008.4  9,079.2   1,064.1   2,658.2    5,356.8  2,214.8  2,167.7  1,359.2    378.2      981.0     808.5      47.2
II..........................   13,197.3  9,228.1   1,061.8   2,721.4    5,444.9  2,237.1  2,174.8  1,384.3    406.3      977.9     790.6      62.3
III.........................   13,322.6  9,346.7   1,075.5   2,747.7    5,523.5  2,235.5  2,171.4  1,420.8    426.9      994.0     750.5      64.2
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See next page for continuation of table.


Table B-1.--Gross domestic product, 1959-2006--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.....................................................    -499.4   1,040.8    1,540.2   2,092.5     756.4     497.2     259.2  1,336.0   10,946.5   11,460.2   11,017.6        4.7        5.2
2004 ....................................................    -613.2   1,178.1    1,791.4   2,226.2     825.9     551.2     274.7  1,400.3   11,655.1   12,325.7   11,758.7        6.9        7.6
2005.....................................................    -716.7   1,303.1    2,019.9   2,372.8     878.3     589.3     289.0  1,494.4   12,434.6   13,172.5   12,487.7        6.3        6.9

2003: I..................................................    -499.3   1,012.4    1,511.7   2,050.3     725.9     467.4     258.5  1,324.4   10,682.6   11,204.8   10,744.9        4.4        5.1
II.................................................    -501.3   1,010.8    1,512.1   2,087.7     762.2     506.9     255.3  1,325.5   10,835.4   11,333.1   10,888.4        4.8        4.7
III................................................    -495.2   1,040.7    1,535.9   2,108.2     764.8     501.5     263.3  1,343.3   11,074.3   11,581.3   11,139.8        9.7        9.1
IV.................................................    -501.8   1,099.1    1,600.9   2,123.7     772.8     513.1     259.7  1,350.9   11,193.6   11,721.3   11,297.3        4.9        4.9

2004: I..................................................    -543.4   1,135.1    1,678.5   2,174.4     808.2     537.7     270.5  1,366.3   11,392.9   11,974.4   11,501.5        7.8        8.9
II.................................................    -606.2   1,166.3    1,772.5   2,215.1     823.8     548.1     275.7  1,391.4   11,569.9   12,255.4   11,689.7        7.9        9.7
III................................................    -630.7   1,185.3    1,815.9   2,247.3     838.4     564.1     274.3  1,409.0   11,744.6   12,430.1   11,845.3        5.3        5.8
IV ................................................    -672.7   1,225.8    1,898.5   2,268.0     833.2     555.1     278.1  1,434.8   11,913.0   12,643.0   11,998.5        5.9        7.0

2005: I..................................................    -676.2   1,254.0    1,930.2   2,316.2     862.9     576.8     286.0  1,453.3   12,113.8   12,849.4   12,207.5        7.0        6.7
II.................................................    -686.4   1,293.8    1,980.2   2,348.9     868.4     584.3     284.1  1,480.5   12,353.7   13,032.6   12,374.6        5.8        5.8
III................................................    -728.8   1,312.4    2,041.2   2,402.4     895.8     605.0     290.7  1,506.6   12,588.8   13,302.3   12,625.7        7.6        8.5
IV.................................................    -775.4   1,352.4    2,127.8   2,423.6     886.2     590.9     295.3  1,537.4   12,681.9   13,505.9   12,743.0        5.1        6.3

2006: I..................................................    -765.2   1,405.4    2,170.6   2,479.6     921.7     613.5     308.2  1,557.9   12,961.2   13,773.6   13,037.4        9.0        8.2
II.................................................    -781.8   1,448.1    2,229.8   2,513.9     919.7     616.5     303.2  1,594.2   13,135.1   13,979.1   13,220.1        5.9        6.1
III................................................    -801.7   1,488.3    2,290.1   2,542.1     927.2     618.1     309.0  1,614.9   13,258.4   14,124.3   13,339.2        3.8        4.2
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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.