[Economic Report of the President (2007)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-32.--Gross saving and investment, 1959-2006 [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....................................................... 1,459.0 122.5 515.0 174.9 325.1 15.0 -392.5 -372.1 -20.4 1,336.5 1,118.3 218.2 2004 ...................................................... 1,543.7 107.5 502.4 174.3 343.0 -15.0 -394.9 -382.0 -12.9 1,436.2 1,205.4 230.8 2005 ...................................................... 1,612.0 7.2 319.7 -34.8 354.5 .0 -312.5 -309.2 -3.3 1,604.8 1,352.6 252.2 2003: I.................................. 1,402.6 85.5 436.9 149.1 277.8 10.0 -351.4 -290.2 -61.2 1,317.0 1,101.1 215.9 II .................................................. 1,435.6 106.2 498.9 173.9 310.0 15.0 -392.7 -365.5 -27.2 1,329.5 1,111.7 217.7 III ................................................. 1,445.6 103.0 562.6 194.0 343.6 25.0 -459.6 -451.4 -8.2 1,342.6 1,123.6 219.0 IV .................................................. 1,552.2 195.2 561.5 182.5 369.0 10.0 -366.3 -381.5 15.2 1,357.0 1,136.7 220.2 2004: I.................................. 1,532.7 159.5 575.2 178.9 401.3 -5.0 -415.7 -401.0 -14.7 1,373.2 1,150.3 223.0 II .................................................. 1,525.8 131.3 525.6 168.3 377.2 -20.0 -394.3 -380.6 -13.6 1,394.5 1,166.4 228.1 III ................................................. 1,575.4 40.5 443.4 141.2 327.2 -25.0 -402.9 -380.6 -22.3 1,534.9 1,301.9 233.0 IV .................................................. 1,540.6 98.6 465.2 208.9 266.2 -10.0 -366.6 -365.7 -.9 1,442.0 1,203.1 238.9 2005: I.................................................... 1,608.4 140.5 417.2 52.5 364.7 .0 -276.6 -287.6 10.9 1,467.8 1,225.7 242.1 II................................................... 1,565.0 74.0 351.1 -30.8 381.9 .0 -277.1 -289.6 12.4 1,491.1 1,244.9 246.2 III ................................................. 1,653.5 -244.5 170.9 -132.6 303.5 .0 -415.4 -396.0 -19.3 1,898.0 1,632.3 265.7 IV .................................................. 1,621.2 58.7 339.5 -28.5 367.9 .0 -280.8 -263.6 -17.2 1,562.5 1,307.5 255.0 2006: I.................................................... 1,880.5 332.4 466.7 -29.7 496.4 .0 -134.3 -147.0 12.7 1,548.0 1,288.9 259.1 II................................................... 1,789.7 216.9 353.9 -130.8 484.6 .0 -136.9 -163.1 26.1 1,572.8 1,309.8 262.9 III ................................................. 1,806.9 224.9 400.7 -111.7 512.4 .0 -175.8 -165.6 -10.2 1,582.0 1,314.4 267.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ With inventory valuation and capital consumption adjustments. See next page for continuation of table. Table B-32.--Gross saving and investment, 1959-2006--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.................................... 1,507.8 2,020.0 1,664.1 356.0 3.2 -515.5 48.8 1,633.3 -174.3 -281.7 107.4 683.5 13.3 1.1 2004 ................................... 1,610.3 2,259.4 1,888.0 371.4 2.3 -651.3 66.7 1,707.8 -164.1 -287.9 123.8 823.2 13.2 .9 2005 ................................... 1,683.1 2,454.5 2,057.4 397.1 4.4 -775.8 71.0 1,672.3 -60.2 -210.1 149.9 849.7 13.0 .1 2003: I................................. 1,423.8 1,954.6 1,606.4 348.2 1.7 -532.5 21.3 1,538.1 -135.5 -200.4 64.9 637.6 13.1 .8 II................................ 1,456.7 1,969.6 1,617.1 352.5 6.4 -519.2 21.1 1,610.6 -175.0 -274.9 100.0 640.1 13.2 1.0 III .............................. 1,543.5 2,053.4 1,690.5 362.8 3.3 -513.2 97.9 1,686.2 -240.6 -360.7 120.1 710.7 13.1 .9 IV ............................... 1,607.1 2,102.6 1,742.3 360.3 1.4 -496.9 54.9 1,698.2 -146.0 -290.7 144.7 745.6 13.8 1.7 2004: I................................. 1,576.7 2,140.2 1,781.9 358.3 1.8 -565.4 43.9 1,725.5 -192.7 -309.2 116.5 767.0 13.4 1.4 II................................ 1,614.0 2,263.8 1,892.2 371.7 1.6 -651.4 88.2 1,691.9 -166.1 -286.8 120.7 869.3 13.2 1.1 III............................... 1,642.2 2,293.6 1,917.7 375.9 3.7 -655.1 66.8 1,745.3 -169.9 -286.1 116.2 758.7 13.4 .3 IV................................ 1,608.4 2,339.9 1,960.2 379.7 1.9 -733.4 67.8 1,668.3 -127.7 -269.5 141.8 897.9 12.9 .8 2005: I................................. 1,645.7 2,397.1 2,013.5 383.6 10.8 -762.1 37.4 1,642.9 -34.5 -190.1 155.6 929.3 13.2 1.2 II................................ 1,653.1 2,404.4 2,009.1 395.3 2.4 -753.6 88.1 1,596.0 -31.0 -191.3 160.3 913.3 12.7 .6 III............................... 1,737.9 2,452.9 2,052.6 400.3 2.2 -717.2 84.5 1,803.2 -149.7 -296.2 146.6 554.9 13.2 -1.9 IV ............................... 1,695.4 2,563.6 2,154.5 409.1 2.1 -870.2 74.3 1,647.0 -25.8 -162.9 137.1 1,001.1 12.8 .5 2006: I................................. 1,818.6 2,634.7 2,214.8 419.9 7.0 -823.1 -61.9 1,755.7 124.8 -44.6 169.4 1,086.7 14.4 2.5 II................................ 1,825.5 2,668.0 2,237.1 430.9 3.5 -846.1 35.8 1,663.7 126.0 -59.4 185.4 1,095.2 13.6 1.6 III............................... 1,801.6 2,668.5 2,235.5 433.0 1.7 -868.7 -5.3 1,715.1 91.8 -60.5 152.3 1,086.5 13.5 1.7 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.