[Economic Report of the President (2004)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-2.--Real gross domestic product, 1959-2003 [Billions of chained (2000) 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 Non- -------------------------------- in pri- product Total Durable durable Services Total Equip- vate goods goods Total ment Residential inven- Total Structures and tories soft- ware ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959.............................................................. 2,441.3 1,554.6 ........ ......... ........ 266.7 ........ ........ .......... ........ ........... ........ 1960.............................................................. 2,501.8 1,597.4 ........ ......... ........ 266.6 ........ ........ .......... ........ ........... ........ 1961.............................................................. 2,560.0 1,630.3 ........ ......... ........ 264.9 ........ ........ .......... ........ ........... ........ 1962.............................................................. 2,715.2 1,711.1 ........ ......... ........ 298.4 ........ ........ .......... ........ ........... ........ 1963.............................................................. 2,834.0 1,781.6 ........ ......... ........ 318.5 ........ ........ .......... ........ ........... ........ 1964.............................................................. 2,998.6 1,888.4 ........ ......... ........ 344.7 ........ ........ .......... ........ ........... ........ 1965.............................................................. 3,191.1 2,007.7 ........ ......... ........ 393.1 ........ ........ .......... ........ ........... ........ 1966.............................................................. 3,399.1 2,121.8 ........ ......... ........ 427.7 ........ ........ .......... ........ ........... ........ 1967.............................................................. 3,484.6 2,185.0 ........ ......... ........ 408.1 ........ ........ .......... ........ ........... ........ 1968.............................................................. 3,652.7 2,310.5 ........ ......... ........ 431.9 ........ ........ .......... ........ ........... ........ 1969.............................................................. 3,765.4 2,396.4 ........ ......... ........ 457.1 ........ ........ .......... ........ ........... ........ 1970.............................................................. 3,771.9 2,451.9 ........ ......... ........ 427.1 ........ ........ .......... ........ ........... ........ 1971.............................................................. 3,898.6 2,545.5 ........ ......... ........ 475.7 ........ ........ .......... ........ ........... ........ 1972.............................................................. 4,105.0 2,701.3 ........ ......... ........ 532.1 ........ ........ .......... ........ ........... ........ 1973.............................................................. 4,341.5 2,833.8 ........ ......... ........ 594.4 ........ ........ .......... ........ ........... ........ 1974.............................................................. 4,319.6 2,812.3 ........ ......... ........ 550.6 ........ ........ .......... ........ ........... ........ 1975.............................................................. 4,311.2 2,876.9 ........ ......... ........ 453.1 ........ ........ .......... ........ ........... ........ 1976.............................................................. 4,540.9 3,035.5 ........ ......... ........ 544.7 ........ ........ .......... ........ ........... ........ 1977.............................................................. 4,750.5 3,164.1 ........ ......... ........ 627.0 ........ ........ .......... ........ ........... ........ 1978.............................................................. 5,015.0 3,303.1 ........ ......... ........ 702.6 ........ ........ .......... ........ ........... ........ 1979.............................................................. 5,173.4 3,383.4 ........ ......... ........ 725.0 ........ ........ .......... ........ ........... ........ 1980.............................................................. 5,161.7 3,374.1 ........ ......... ........ 645.3 ........ ........ .......... ........ ........... ........ 1981.............................................................. 5,291.7 3,422.2 ........ ......... ........ 704.9 ........ ........ .......... ........ ........... ........ 1982.............................................................. 5,189.3 3,470.3 ........ ......... ........ 606.0 ........ ........ .......... ........ ........... ........ 1983.............................................................. 5,423.8 3,668.6 ........ ......... ........ 662.5 ........ ........ .......... ........ ........... ........ 1984.............................................................. 5,813.6 3,863.3 ........ ......... ........ 857.7 ........ ........ .......... ........ ........... ........ 1985.............................................................. 6,053.7 4,064.0 ........ ......... ........ 849.7 ........ ........ .......... ........ ........... ........ 1986.............................................................. 6,263.6 4,228.9 ........ ......... ........ 843.9 ........ ........ .......... ........ ........... ........ 1987.............................................................. 6,475.1 4,369.8 ........ ......... ........ 870.0 ........ ........ .......... ........ ........... ........ 1988.............................................................. 6,742.7 4,546.9 ........ ......... ........ 890.5 ........ ........ .......... ........ ........... ........ 1989.............................................................. 6,981.4 4,675.0 ........ ......... ........ 926.2 ........ ........ .......... ........ ........... ........ 1990.............................................................. 7,112.5 4,770.3 453.5 1,484.0 2,851.7 895.1 886.6 595.1 275.2 355.0 298.9 15.4 1991.............................................................. 7,100.5 4,778.4 427.9 1,480.5 2,900.0 822.2 829.1 563.2 244.6 345.9 270.2 -.5 1992.............................................................. 7,336.6 4,934.8 453.0 1,510.1 3,000.8 889.0 878.3 581.3 229.9 371.1 307.6 16.5 1993.............................................................. 7,532.7 5,099.8 488.4 1,550.4 3,085.7 968.3 953.5 631.9 228.3 417.4 332.7 20.6 1994.............................................................. 7,835.5 5,290.7 529.4 1,603.9 3,176.6 1,099.6 1,042.3 689.9 232.3 467.2 364.8 63.6 1995.............................................................. 8,031.7 5,433.5 552.6 1,638.6 3,259.9 1,134.0 1,109.6 762.5 247.1 523.1 353.1 29.9 1996.............................................................. 8,328.9 5,619.4 595.9 1,680.4 3,356.0 1,234.3 1,209.2 833.6 261.1 578.7 381.3 28.7 1997.............................................................. 8,703.5 5,831.8 646.9 1,725.3 3,468.0 1,387.7 1,320.6 934.2 280.1 658.3 388.6 71.2 1998.............................................................. 9,066.9 6,125.8 720.3 1,794.4 3,615.0 1,524.1 1,455.0 1,037.8 294.5 745.6 418.3 72.6 1999 ............................................................. 9,470.3 6,438.6 804.6 1,876.6 3,758.0 1,642.6 1,576.3 1,133.3 293.2 840.2 443.6 68.9 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.............................................................. 9,866.6 6,904.6 899.1 1,983.3 4,022.4 1,590.6 1,625.7 1,176.8 305.2 871.3 448.5 -36.0 2002.............................................................. 10,083.0 7,140.4 957.2 2,043.6 4,141.8 1,572.0 1,565.8 1,092.6 249.0 846.7 470.3 5.7 1999: I........................................................... 9,315.5 6,311.3 767.4 1,849.2 3,696.4 1,606.6 1,531.0 1,094.0 292.0 802.7 438.1 79.5 II.......................................................... 9,392.6 6,409.7 803.6 1,867.9 3,738.5 1,607.8 1,568.6 1,127.3 294.1 833.5 441.8 41.7 III......................................................... 9,502.2 6,476.7 820.7 1,873.7 3,782.3 1,647.4 1,598.6 1,154.4 291.8 862.4 444.5 50.8 IV.......................................................... 9,671.1 6,556.8 826.4 1,915.7 3,815.0 1,708.4 1,606.9 1,157.3 294.8 862.3 449.9 103.5 2000: I........................................................... 9,695.6 6,661.3 872.8 1,917.2 3,871.1 1,678.0 1,651.1 1,196.7 299.9 896.7 454.5 26.9 II.......................................................... 9,847.9 6,703.3 851.3 1,944.0 3,908.2 1,788.6 1,689.1 1,238.6 312.5 926.0 450.4 99.3 III......................................................... 9,836.6 6,768.0 863.8 1,955.0 3,949.3 1,742.6 1,686.4 1,245.2 319.7 925.5 441.2 56.2 IV ......................................................... 9,887.7 6,825.0 865.4 1,972.7 3,986.8 1,732.7 1,689.4 1,247.9 320.6 927.3 441.6 43.5 2001: I........................................................... 9,882.2 6,833.7 869.1 1,974.5 3,989.6 1,682.2 1,677.8 1,233.6 315.8 917.8 444.4 4.3 II.......................................................... 9,866.3 6,872.2 889.6 1,969.1 4,013.3 1,608.5 1,638.0 1,189.4 311.3 877.6 448.5 -28.8 III......................................................... 9,834.6 6,904.2 891.1 1,983.4 4,029.3 1,573.1 1,616.1 1,163.7 313.1 849.4 451.9 -44.0 IV ......................................................... 9,883.6 7,008.2 946.6 2,006.2 4,057.4 1,498.4 1,570.7 1,120.6 280.8 840.5 449.0 -75.5 2002: I........................................................... 9,997.9 7,079.2 950.3 2,035.9 4,095.3 1,538.2 1,560.9 1,100.4 262.2 840.0 458.5 -23.5 II.......................................................... 10,045.1 7,124.5 951.4 2,037.8 4,137.0 1,555.8 1,563.2 1,092.1 252.2 842.6 468.4 -8.0 III......................................................... 10,128.4 7,159.2 963.1 2,038.8 4,159.4 1,598.2 1,565.4 1,089.1 242.4 850.3 473.2 32.8 IV ......................................................... 10,160.8 7,198.9 963.8 2,061.8 4,175.4 1,595.8 1,573.5 1,088.9 239.0 853.9 481.0 21.5 2003: I........................................................... 10,210.4 7,244.1 965.0 2,090.5 4,190.7 1,581.6 1,577.7 1,087.3 236.5 855.0 486.4 1.6 II.......................................................... 10,288.3 7,304.0 1,005.1 2,096.9 4,208.4 1,599.9 1,601.4 1,105.8 238.8 871.6 491.7 -4.5 III......................................................... 10,493.1 7,426.6 1,069.1 2,134.3 4,237.2 1,656.1 1,661.0 1,139.5 237.7 907.7 516.7 -9.1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ See next page for continuation of table. Table B-2.--Real gross domestic product, 1959-2003--Continued [Billions of chained (2000) 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 Adden- period Federal sales of Gross dum: -------------------- Year or quarter ---------------------------- domes- domes- Gross Gross Gross Net State tic tic pur- national domes- domes- exports Exports Imports Total Nation- Non- and product chases \1\ prod- uct tic tic pur- Total al de- de- local \2\ prod- chases fense fense uct \1\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1959.................................................... ........ 77.2 101.9 714.3 ....... ........ ....... ......... 2,442.7 2,485.9 2,457.4 7.1 7.1 1960.................................................... ........ 90.6 103.3 715.4 ....... ........ ....... ......... 2,506.8 2,529.6 2,519.4 2.5 1.8 1961.................................................... ........ 91.1 102.6 751.3 ....... ........ ....... ......... 2,566.8 2,587.6 2,579.3 2.3 2.3 1962.................................................... ........ 95.7 114.3 797.6 ....... ........ ....... ......... 2,708.5 2,751.4 2,736.9 6.1 6.3 1963.................................................... ........ 102.5 117.3 818.1 ....... ........ ....... ......... 2,830.3 2,866.0 2,857.2 4.4 4.2 1964.................................................... ........ 114.6 123.6 836.1 ....... ........ ....... ......... 2,999.9 3,023.2 3,023.6 5.8 5.5 1965.................................................... ........ 117.8 136.7 861.3 ....... ........ ....... ......... 3,173.8 3,228.6 3,217.3 6.4 6.8 1966.................................................... ........ 126.0 157.1 937.1 ....... ........ ....... ......... 3,364.8 3,450.3 3,423.7 6.5 6.9 1967.................................................... ........ 128.9 168.5 1,008.9 ....... ........ ....... ......... 3,467.6 3,545.1 3,510.1 2.5 2.7 1968.................................................... ........ 139.0 193.6 1,040.5 ....... ........ ....... ......... 3,640.3 3,727.5 3,680.0 4.8 5.1 1969.................................................... ........ 145.7 204.6 1,038.0 ....... ........ ....... ......... 3,753.7 3,844.1 3,792.0 3.1 3.1 1970.................................................... ........ 161.4 213.4 1,012.9 ....... ........ ....... ......... 3,787.7 3,837.4 3,798.2 .2 -.2 1971.................................................... ........ 164.1 224.7 990.8 ....... ........ ....... ......... 3,893.4 3,974.2 3,927.8 3.4 3.6 1972.................................................... ........ 176.5 250.0 983.5 ....... ........ ....... ......... 4,098.6 4,192.8 4,136.2 5.3 5.5 1973.................................................... ........ 209.7 261.6 980.0 ....... ........ ....... ......... 4,315.9 4,399.1 4,383.6 5.8 4.9 1974.................................................... ........ 226.3 255.7 1,004.7 ....... ........ ....... ......... 4,305.5 4,343.8 4,367.5 -.5 -1.3 1975.................................................... ........ 224.9 227.3 1,027.4 ....... ........ ....... ......... 4,352.5 4,297.0 4,348.4 -.2 -1.1 1976.................................................... ........ 234.7 271.7 1,031.9 ....... ........ ....... ......... 4,522.3 4,575.0 4,585.3 5.3 6.5 1977.................................................... ........ 240.3 301.4 1,043.3 ....... ........ ....... ......... 4,721.6 4,818.5 4,800.3 4.6 5.3 1978.................................................... ........ 265.7 327.6 1,074.0 ....... ........ ....... ......... 4,981.6 5,081.5 5,064.4 5.6 5.5 1979.................................................... ........ 292.0 333.0 1,094.1 ....... ........ ....... ......... 5,161.2 5,206.8 5,240.1 3.2 2.5 1980.................................................... ........ 323.5 310.9 1,115.4 ....... ........ ....... ......... 5,196.7 5,108.9 5,227.6 -.2 -1.9 1981.................................................... ........ 327.4 319.1 1,125.6 ....... ........ ....... ......... 5,265.1 5,244.7 5,349.7 2.5 2.7 1982.................................................... ........ 302.4 315.0 1,145.4 ....... ........ ....... ......... 5,233.4 5,175.1 5,249.7 -1.9 -1.3 1983.................................................... ........ 294.6 354.8 1,187.3 ....... ........ ....... ......... 5,454.0 5,477.6 5,482.5 4.5 5.8 1984.................................................... ........ 318.7 441.1 1,227.0 ....... ........ ....... ......... 5,739.2 5,951.6 5,869.3 7.2 8.7 1985.................................................... ........ 328.3 469.8 1,312.5 ....... ........ ....... ......... 6,042.1 6,215.8 6,093.4 4.1 4.4 1986.................................................... ........ 353.7 510.0 1,392.5 ....... ........ ....... ......... 6,271.8 6,443.6 6,290.6 3.5 3.7 1987.................................................... ........ 391.8 540.2 1,426.7 ....... ........ ....... ......... 6,457.2 6,644.1 6,500.9 3.4 3.1 1988.................................................... ........ 454.6 561.4 1,445.1 ....... ........ ....... ......... 6,734.5 6,857.9 6,775.2 4.1 3.2 1989.................................................... ........ 506.8 586.0 1,482.5 ....... ........ ....... ......... 6,962.2 7,060.8 7,015.4 3.5 3.0 1990.................................................... -54.7 552.5 607.1 1,530.0 659.1 479.4 178.6 868.4 7,108.5 7,161.6 7,155.2 1.9 1.4 1991.................................................... -14.6 589.1 603.7 1,547.2 658.0 474.2 182.8 886.8 7,115.0 7,101.2 7,136.8 -.2 -.8 1992.................................................... -15.9 629.7 645.6 1,555.3 646.6 450.7 195.4 906.5 7,331.1 7,338.9 7,371.8 3.3 3.3 1993.................................................... -52.1 650.0 702.1 1,541.1 619.6 425.3 194.1 919.5 7,522.3 7,577.2 7,568.6 2.7 3.2 1994.................................................... -79.4 706.5 785.9 1,541.3 596.4 404.6 191.7 943.3 7,777.8 7,911.3 7,864.2 4.0 4.4 1995.................................................... -71.0 778.2 849.1 1,549.7 580.3 389.2 191.0 968.3 8,010.2 8,098.4 8,069.8 2.5 2.4 1996.................................................... -79.6 843.4 923.0 1,564.9 573.5 383.8 189.6 990.5 8,306.5 8,405.7 8,365.3 3.7 3.8 1997.................................................... -104.6 943.7 1,048.3 1,594.0 567.6 373.0 194.5 1,025.9 8,636.6 8,807.6 8,737.5 4.5 4.8 1998.................................................... -203.7 966.5 1,170.3 1,624.4 561.2 365.3 195.9 1,063.0 8,997.6 9,272.5 9,088.7 4.2 5.3 1999.................................................... -296.2 1,008.2 1,304.4 1,686.9 573.7 372.2 201.5 1,113.2 9,404.0 9,767.7 9,504.7 4.5 5.3 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 3.7 4.4 2001.................................................... -398.1 1,039.0 1,437.1 1,768.9 600.5 384.7 215.8 1,168.5 9,901.1 10,265.0 9,901.4 .5 .7 2002.................................................... -470.6 1,014.2 1,484.7 1,836.9 648.0 418.8 229.2 1,189.1 10,076.9 10,551.5 10,105.0 2.2 2.8 1999: I................................................. -262.1 980.1 1,242.2 1,662.2 562.9 364.1 198.8 1,099.3 9,239.7 9,579.6 9,346.7 3.4 5.1 II................................................ -295.2 991.2 1,286.4 1,672.3 565.3 363.9 201.4 1,107.0 9,353.7 9,689.1 9,429.1 3.4 4.7 III............................................... -313.9 1,017.4 1,331.3 1,693.1 576.7 375.9 200.8 1,116.3 9,453.5 9,816.7 9,532.7 4.8 5.4 IV................................................ -313.7 1,044.1 1,357.9 1,720.2 589.9 385.0 204.9 1,130.2 9,569.3 9,985.4 9,710.4 7.3 7.1 2000: I................................................. -350.6 1,060.9 1,411.5 1,707.3 568.2 362.6 205.6 1,139.2 9,668.8 10,046.5 9,729.0 1.0 2.5 II................................................ -374.5 1,092.0 1,466.5 1,730.5 591.2 377.1 214.0 1,139.3 9,748.4 10,222.4 9,885.3 6.4 7.2 III............................................... -395.6 1,120.0 1,515.6 1,721.5 578.6 369.9 208.7 1,142.9 9,780.4 10,232.1 9,867.8 -.5 .4 IV ............................................... -397.2 1,112.3 1,509.5 1,727.1 577.2 371.5 205.6 1,149.9 9,844.3 10,284.7 9,941.6 2.1 2.1 2001: I................................................. -385.9 1,099.6 1,485.5 1,751.6 589.7 378.5 211.2 1,161.9 9,877.5 10,267.7 9,908.7 -.2 -.7 II................................................ -391.7 1,060.9 1,452.7 1,776.4 599.3 380.9 218.4 1,177.1 9,895.3 10,258.0 9,893.5 -.6 -.4 III .............................................. -401.3 1,010.6 1,411.9 1,758.1 599.3 383.2 216.0 1,158.9 9,876.9 10,236.3 9,846.5 -1.3 -.8 IV ............................................... -413.4 984.8 1,398.2 1,789.7 613.6 396.2 217.4 1,176.1 9,954.9 10,298.0 9,956.8 2.0 2.4 2002: I................................................. -431.2 995.4 1,426.7 1,810.1 626.1 404.1 222.0 1,184.1 10,020.1 10,429.5 10,020.3 4.7 5.2 II................................................ -467.6 1,016.5 1,484.1 1,827.8 641.9 413.4 228.5 1,186.0 10,052.3 10,510.4 10,053.4 1.9 3.1 III .............................................. -471.9 1,027.3 1,499.2 1,838.9 648.2 418.1 230.1 1,190.9 10,096.4 10,598.0 10,147.5 3.4 3.4 IV ............................................... -511.5 1,017.5 1,529.0 1,870.8 675.8 439.5 236.4 1,195.3 10,138.9 10,668.0 10,198.5 1.3 2.7 2003: I................................................. -490.0 1,012.4 1,502.5 1,869.0 675.5 433.2 242.4 1,193.8 10,206.4 10,697.6 10,237.6 2.0 1.1 II................................................ -526.0 1,009.6 1,535.7 1,902.8 712.0 472.8 239.3 1,191.4 10,289.5 10,809.9 10,320.2 3.1 4.3 III .............................................. -505.2 1,033.7 1,538.9 1,911.1 714.3 471.2 243.1 1,197.4 10,497.7 10,995.4 10,528.6 8.2 7.0 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.