[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 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.