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Appendix B STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION 319 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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  • Appendix BSTATISTICAL TABLES RELATING TO INCOME,

    EMPLOYMENT, AND PRODUCTION

    319

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  • Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • C O N T E N T S

    NATIONAL INCOME OR EXPENDITURE:Page

    B-l. Gross domestic product, 1959-98 326B-2. Real gross domestic product, 195&-98 328B-3. Quantity and price indexes for gross domestic product, and per-

    cent changes, 1959-98 330B-4. Percent changes in real gross domestic product, 1959-98 331B-5. Contributions to percent change in real gross domestic product,

    1959-98 332B-6. Chain-type quantity indexes for gross domestic product, 1959-98 334B-7. Chain-type price indexes for gross domestic product, 1959-98 336B-8. Gross domestic product by major type of product, 1959-98 338B-9. Real gross domestic product by major type of product, 1959-98 339B-10. Gross domestic product by sector, 1959-98 340B-ll. Real gross domestic product by sector, 1959-98 341B-12. Gross domestic product by industry, 1959-97 342B-13. Real gross domestic product by industry, 1977-97 343B-14. Gross domestic product of nonfinancial corporate business, 1959-

    98 344B-15. Output, costs, and profits of nonfinancial corporate business,

    1959-98 345B-16. Personal consumption expenditures, 1959-98 346B-17. Real personal consumption expenditures, 1982-98 347B-18. Private gross fixed investment by type, 1959-98 348B-19. Real private gross fixed investment by type, 1982-98 349B-20. Government consumption expenditures and gross investment by

    type, 1959-98 350B-21. Real government consumption expenditures and gross invest-

    ment by type, 1982-98 351B-22. Inventories and final sales of domestic business, 1959-98 352B-23. Real inventories and final sales of domestic business, 1959-98 .... 353B-24. Foreign transactions in the national income and product ac-

    counts, 1959-98 354B-25. Real exports and imports of goods and services and receipts and

    payments of factor income, 1982-98 355B-26. Relation of gross domestic product, gross national product, net

    national product, and national income, 1959-98 356B-27. Relation of national income and personal income, 1959-98 357B-28. National income by type of income, 1959-98 358B-29. Sources of personal income, 1959-98

    v 360B-30. Disposition of personal income, 1959-98 362B-31. Total and per capita disposable personal income and personal

    consumption expenditures in current and real dollars, 1959-98 363B-32. Gross saving and investment, 1959-98 364B-33. Median money income (in 1997 dollars) and poverty status of

    families and persons, by race, selected years, 1979-97 366

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  • POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:B-34. Population by age group, 1929-98 367B-35. Civilian population and labor force, 1929-98 368B-36. Civilian employment and unemployment by sex and age, 1950-

    98 370B-37. Civilian employment by demographic characteristic, 1955-98 371B-38. Unemployment by demographic characteristic, 1955-98 372B-39. Civilian labor force participation rate and employment/popu-

    lation ratio, 1950-98 373B-40. Civilian labor force participation rate by demographic char-

    acteristic, 1955-98 374B-41. Civilian employment/population ratio by demographic char-

    acteristic, 1955-98 375B-42. Civilian unemployment rate, 1950-98 376B-43. Civilian unemployment rate by demographic characteristic,

    1955-98 377B-44. Unemployment by duration and reason, 1950-98 378B-45. Unemployment insurance programs, selected data, 1967-98 379B-46. Employees on nonagricultural payrolls, by major industry, 1950-

    98 380B-47. Hours and earnings in private nonagricultural industries, 1959-

    98 382B-48. Employment cost index, private industry, 1980-98 383B-49. Productivity and related data, business sector, 1959-98 384B-50. Changes in productivity and related data, business sector, 1959-

    98 385

    PRODUCTION AND BUSINESS ACTIVITY:B-51. Industrial production indexes, major industry divisions, 1948-98 386B-52. Industrial production indexes, market groupings, 1948-98 387B-53. Industrial production indexes, selected manufactures, 1948-98 ... 388B-54. Capacity utilization rates, 1948-98 389B-55. New construction activity, 1959-98 390B-56. New housing units started and authorized, 1959-98 391B-57. Manufacturing and trade sales and inventories, 1954-98 392B-58. Manufacturers' shipments and inventories, 1954-98 393B-59. Manufacturers' new and unfilled orders, 1954-98 394

    PRICES:B-60. Consumer price indexes for major expenditure classes, 1958-98 395B-61. Consumer price indexes for selected expenditure classes, 1958-

    98 396B-62. Consumer price indexes for commodities, services, and special

    groups, 1958-98 398B-63. Changes in special consumer price indexes, 1960-98 399B-64. Changes in consumer price indexes for commodities and services,

    1929-98 400B-65. Producer price indexes by stage of processing, 1954-98 401B-66. Producer price indexes by stage of processing, special groups,

    1974-98 403B-67. Producer price indexes for major commodity groups, 195498 404B-68. Changes in producer price indexes for finished goods, 1960-98 .... 406

    MONEY STOCK, CREDIT, AND FINANCE:B-69. Money stock, liquid assets, and debt measures, 1959-98 407B-70. Components of money stock measures and liquid assets, 1959-98 408

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  • B-71. Aggregate reserves of depository institutions and monetary base,1959-98 410

    B-72. Bank credit at all commercial banks, 1973-98 411B-73. Bond yields and interest rates, 1929-98 412B-74. Credit market borrowing, 1989-98 414B-75. Mortgage debt outstanding by type of property and of financing,

    1945-98 416B-76. Mortgage debt outstanding by holder, 1945-98 417B-77. Consumer credit outstanding, 1955-98 418

    GOVERNMENT FINANCE:B-78. Federal receipts, outlays, surplus or deficit, and debt, selected

    fiscal years, 1929-2000 419B-79. Federal budget receipts, outlays, surplus or deficit, and debt, as

    percent of gross domestic product, fiscal years 1934-2000 420B-80. Federal receipts and outlays, by major category, and surplus or

    deficit, fiscal years 1940-2000 421B-81. Federal receipts, outlays, deficit, and debt, fiscal years 1994-

    2000 422B-82. Federal Government receipts and current expenditures, national

    income and product accounts (NIPA), 1979-98 423B-83. Federal and State and local government receipts and current ex-

    penditures, national income and product accounts (NIPA),1959-98 424

    B-84. Federal and State and local government receipts and current ex-penditures, national income and product accounts (NIPA), bymajor type, 1959-98 425

    B-85. State and local government receipts and current expenditures,national income and product accounts (NIPA), 1959-98 426

    B-86. State and local government revenues and expenditures, selectedfiscal years, 1927-96 427

    B-87. Interest-bearing public debt securities by kind of obligation,1967-98 428

    B-88. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-98 429

    B-89. Estimated ownership of public debt securities by private inves-tors, 1978-98 430

    CORPORATE PROFITS AND FINANCE:B-90. Corporate profits with inventory valuation and capital consump-

    tion adjustments, 1959-98 431B-91. Corporate profits by industry, 1959-98 432B-92. Corporate profits of manufacturing industries, 1959-98 433B-93. Sales, profits, and stockholders' equity, all manufacturing cor-

    porations, 1952-98 434B-94. Relation of profits after taxes to stockholders' equity and to sales,

    all manufacturing corporations, 1947-98 435B-95. Common stock prices and yields, 1956-98 436B-96. Business formation and business failures, 1955-98 437

    AGRICULTURE:B-97. Farm income, 1945-98 438B-98. Farm business balance sheet, 1950-97 439B-99. Farm output and productivity indexes, 1948-96 440B-100. Farm input use, selected inputs, 1948-98 441

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  • B-101. Indexes of prices received and prices paid by farmers, 1975-98 442B-102. U.S. exports and imports of agricultural commodities, 1940-98 ... 443

    INTERNATIONAL STATISTICS:B-103. U.S. international transactions, 1946-98 444B-104. U.S. international trade in goods by principal end-use category,

    1965-98 446B-105. U.S. international trade in goods by area, 1989-98 447B-106. U.S. international trade in goods on balance of payments (BOP)

    and Census basis, and trade in services on BOP basis, 1974-98 448

    B-107. International investment position of the United States at year-end, 1989-97 449

    B-108. Industrial production and consumer prices, major industrialcountries, 1973-98 450

    B-109. Civilian unemployment rate, and hourly compensation, major in-dustrial countries, 1973-98 451

    B-110. Foreign exchange rates, 1977-98 452B-lll. International reserves, selected years, 1952-98 453B-112. Growth rates in real gross domestic product, 1980-98 454

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  • General NotesDetail in these tables may not add to totals because of rounding.

    Because of the formula used for calculating real gross domestic product (GDP),the chained (1992) dollar estimates for the detailed components do not add to thechained-dollar value of GDP or to any intermediate aggregates. The Departmentof Commerce (Bureau of Economic Analysis) no longer publishes chained-dollarestimates prior to 1982, except for selected series.

    Unless otherwise noted, all dollar figures are in current dollars.

    Symbols used:P Preliminary....Not available (also, not applicable).

    Data in these tables reflect revisions made by the source agencies from February1998 through late January 1999.

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  • NATIONAL INCOME OR EXPENDITURETABLE B-l.Gross domestic product, 1959-98

    [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    I II l lIV

    1994:1IIIllIV

    1995-1I II l lIV

    1996:1III l lIV

    1997:1I IIllIV

    1998-1I IIll

    Grossdomesticproduct

    507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

    1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35,049.65,438.75,743.85,916.76,244.46,558.16,947.07,269.67,661.68,110.96,444.56,509.16,574.66,704.26,794.36,911.46,986.57,095.77,170.87,210.97,304.87,391.97,495.37,629.27,703.47,818.47,955.08,063.48,170.88,254.58,384.28,440.68.573.9

    Personal consumption expenditures

    Total

    318.1332.2342.6363.4383.0411.4444.3481.9509.5559.8604.7648.1702.5770.7851.6931.2

    1,029.11,148.81,277.11,428.81,593.51,760.41,941.32,076.82,283.42,492.32,704.82,892.73,094.53,349.73,594.83,839.33,975.14,219.84,459.24,717.04,953.95,215.75,493.74,365.44,428.14,488.64,554.94,616.64,680.54,750.64,820.24,862.54,931.54,986.45,035.35,108.25,199.05,242.55,313.25,402.45,438.85,540.35,593.25,676.55,773.75.846.7

    Durablegoods

    42.743.341.846.951.656.763.368.370.480.885.985.096.9

    110.4123.5122.3133.5158.9181.1201.4213.9213.5230.5239.3279.8325.1361.1398.7416.7451.0472.8476.5455.2488.5530.2579.5611.0643.3673.0506.4524.2537.2553.1563.2572.4583.3599.3598.4606.0616.9622.8632.3647.3642.5651.1668.9659.9681.2682.2705.1720.1718.9

    Non-durablegoods

    148.5152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2272.0285.5308.0343.1384.5420.6458.2496.9549.9624.0695.5758.2786.8830.3883.6927.6957.2

    1,014.01,081.11,163.81,245.31,277.61,321.81,370.71,428.41,473.61,539.21,600.61,354.41,366.31,373.91,388.01,404.41,416.01,439.51,453.71,459.61,470.71,476.81,487.51,506.81,537.91,543.61,568.31,589.71,588.21,611.31,613.21,633.11,655.21.670.0

    Serv-ices

    127.0136.0144.3153.7163.2176.1189.4204.8222.0243.4265.5291.1320.1352.3384.9424.4475.0531.8599.0677.4755.6851.4952.6

    1,050.71,173.31,283.61,416.11,536.81,663.81,817.61,958.12,117.52,242.32,409.42,558.42,709.12,869.23,033.23,220.12,504.62,537.62,577.42,613.82,649.02,692.22,727.82,767.22,804.52,854.72,892.72,925.02,969.03,013.73,056.33,093.93,143.93,190.73,247.93,297.83,338.23,398.43.457.7

    Gross private domestic investment

    Total

    78.878.877.987.993.4

    101.7118.0130.4128.0139.9155.0150.2176.0205.6242.9245.6225.4286.6356.6430.8480.9465.9556.2501.1547.1715.6715.1722.5747.2773.9829.2799.7736.2790.4876.2

    1,007.91,043.21,131.91,256.0

    854.3857.4872.8920.3963.4

    1,017.91,007.11,043.11,058.91,029.61,030.61,053.61,075.31,118.31,167.91,166.01,206.41,259.91,265.71,292.01,366.61,345.01.364.4

    Fixed investment

    Total

    74.675.575.081.887.796.7

    108.3116.7117.6130.8145.5148.1167.5195.7225.4231.5231.7269.6333.5403.6464.0473.5528.1515.6552.0648.1688.9712.9722.9763.1797.5791.6738.5783.4855.7946.6

    1,012.51,099.81,188.6

    823.5842.9858.8897.5911.0941.7956.9977.0

    1,000.01,004.31,013.51,032.11,059.11,089.71,118.11,132.21,146.71,176.41,211.11,220.11,271.11,305.81.307.5

    Nonresidential

    Total

    46.549.248.652.855.662.474.184.485.292.1

    102.9106.7111.7126.1150.0165.6169.0187.2223.2272.0323.0350.3405.4409.9399.4468.3502.0494.8495.4530.6566.2575.9547.3557.9604.1660.6727.7787.9860.7580.5598.8606.4630.6634.6652.9667.4687.5713.6728.1729.5739.5759.0774.8801.1816.8827.1850.5882.3882.8921.3941.9931.6

    Struc-tures

    18.119.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4

    114.9133.9164.6175.0152.7176.0193.3175.8172.1181.3192.3200.8181.7169.2176.4184.5201.3216.9240.2171.7175.2177.8180.7175.4185.2186.8190.7197.9201.8203.0202.2206.5211.3218.0232.1236.2234.3243.8246.4245.0245.4246.2

    Pro-ducers'durableequip-ment

    28.329.728.932.134.438.745.853.053.758.565.266.469.178.995.1

    104.3107.6121.2148.7180.6208.1216.4240.9234.9246.7292.3308.7319.0323.3349.3373.9375.1365.6388.7427.7476.1526.4571.0620.5408.9423.6428.6449.9459.3467.7480.6496.8515.6526.3526.5537.2552.6563.5583.1584.8591.0616.2638.5636.4676.3696.6685.4

    Resi-dential

    28.126.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5

    110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.6232.5231.3215.7191.2225.6251.6286.0284.8311.8327.9243.0244.1252.4266.8276.4288.7289.5289.5286.4276.2284.0292.6300.1315.0317.0315.3319.5325.9328.8337.4349.8363.8375.8

    Changein

    busi-ness

    inven-tories

    4.23.22.96.15.75.09.7

    13.810.59.19.52.28.59.9

    17.514.1-6.316.923.127.216.9-7.628.2

    -14.5-4.967.526.29.6

    24.210.931.78.0

    -2.37.0

    20.561.230.732.167.430.714.514.022.952.476.350.266.259.025.317.121.516.328.549.833.859.783.554.671.995.539.257.0

    See next page for continuation of table.

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  • TABLE B-l.Gross domestic product, 1959-98Continued[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    195919601961196219631964196519661967 . ..1968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    IIIllIV

    1994:1III l lIV

    1995:1IIIllIV

    1996:1I IIllIV

    1997:1IIIllIV

    1998:1IIIll

    Net exports of goodsand services

    Netexports

    -1.72.43.42.43.35.53.91.91.4

    -1.3-1.2

    1.2-3.0-8.0

    .6-3.113.6-2.3

    -23.7-26.1-24.0-14.9-15.0-20.5-51.7

    -102.0-114.2-131.5-142.1-106.1-80.4-71.3-20.5-29.5-60.7-90.9-83.9-91.2-93.4-46.6-57.5-72.1-66.6-76.6-87.9

    -103.4-95.6-94.7

    -108.0-74.5-58.4-75.7-94.0

    -115.5-79.6-93.3-86.8-94.7-98.8

    -123.7-159.3-165.5

    Exports

    20.625.326.027.429.433.635.438.941.445.349.357.059.366.291.8

    124.3136.3148.9158.8186.1228.7278.9302.8282.6277.0303.1303.0320.7365.7447.2509.3557.3601.8639.4658.6721.2819.4873.8965.4647.1661.2646.8679.4678.5710.1732.6763.7787.8803.4835.1851.5856.6863.0861.4914.2930.2961.1981.7988.6973.3949.6936.2

    Imports

    22.322.822.725.026.128.131.537.139.946.650.555.862.374.291.2

    127.5122.7151.1182.4212.3252.7293.8317.8303.2328.6405.1417.2452.2507.9553.2589.7628.6622.3669.0719.3812.1903.3965.0

    1,058.8693.7718.7718.9746.0755.1797.9836.0859.2882.5911.4909.6909.9932.3957.0976.9993.8

    1,023.51,047.91,076.41,087.41,097.11,108.91,101.7

    Government consumption expendituresand gross investment

    Total

    112.0113.2120.9131.4137.7144.4153.0173.6194.6212.1223.8236.1249.9268.9287.6323.2362.6385.9416.9457.9507.1572.8633.4684.8735.7796.6875.0938.5992.8

    1,032.01,095.11,176.11,225.91,263.81,283.41,313.01,356.41,405.21,454.61,271.51,281.21,285.31,295.51,291.01,300.81,332.31,328.01,344.11,357.81,362.31,361.41,387.51,406.01,408.61,418.81,439.41,451.51,459.51,468.11,464.91,481.21,492.3

    Federal

    Total

    67.265.669.176.578.179.481.894.1

    106.6113.8115.8115.9117.1125.1128.2139.9154.5162.7178.4194.4215.0248.4284.1313.2344.5372.6410.1435.2455.7457.3477.2503.6522.6528.0518.3510.2509.1518.4520.2521.3517.8515.7518.5506.9505.3520.4508.3512.3511.7511.2501.2517.1523.1519.0514.6517.0522.9521.0520.1511.6520.7519.4

    Nation-al

    de-fense

    55.754.957.762.362.261.362.073.485.592.092.490.688.793.294.7

    101.9110.9116.1125.8135.6151.2174.2202.0230.9255.0282.7312.4332.4350.4354.0360.6373.1383.5375.8360.7349.2344.4351.0346.0363.6361.7358.0359.4344.9348.5359.7343.6346.1348.1345.5337.9350.3355.6351.3346.7341.1349.1347.1346.5331.6339.8343.7

    Non-de-

    fense

    11.510.811.414.215.918.119.720.721.021.823.425.328.331.933.538.043.646.652.658.963.874.282.282.389.489.997.7

    102.9105.3103.3116.7130.4139.1152.2157.7161.0164.7167.4174.3157.7156.1157.7159.1162.0156.8160.7164.7166.2163.6165.7163.3166.8167.4167.7167.9175.9173.8173.9173.6180.0180.9175.7

    Stateandlocal

    44.847.651.855.059.665.071.279.588.198.3

    108.0120.2132.8143.8159.4183.3208.1223.1238.5263.4292.0324.4349.2371.6391.2424.0464.9503.3537.2574.7617.9672.6703.4735.8765.0802.8847.3886.8934.4750.1763.4769.6777.0784.1795.5811.9819.6831.8846.2851.1860.2870.4882.9889.6904.2922.4928.6938.5947.9953.3960.4972.9

    Finalsales ofdomes-

    ticproduct

    503.0523.3541.9579.1611.7658.0709.4774.0823.1901.4972.7

    1,033.41,116.91,227.41,365.21,482.81,636.91,802.02,003.82,264.22,540.62,791.93,087.83,256.63,519.43,835.04,154.54,412.64,668.15,038.75,407.05,735.85,919.06,237.46,537.66,885.77,238.97,629.58,043.56,413.86,494.76,560.66,681.36,741.96,835.16,936.37,029.67,111.87,185.67,287.77,370.47,479.17,600.67,653.67,784.67,895.27,979.98,116.28,182.68,288.78,401.38,480.9

    Grossdomes-

    ticpur-

    chases l

    508.9524.1541.5582.8614.1657.6715.3785.9832.2911.8983.4

    1,034.41,128.41,245.31,382.01,500.01,617.11,821.22,050.52,317.52,581.52,799.13,130.93,262.63,566.24,004.54,294.94,553.74,834.55,155.65,519.15,815.15,937.26,274.06,618.87,037.97,353.57,752.88,204.36,491.16,566.76,646.76,770.86,870.96,999.27,090.07,191.37,265.57,318.97,379.37,450.37,571.07,723.27,818.97,898.08,048.28,150.28,265.58,353.38,508.08,599.98,703.4

    Adden-dum:Gross

    nationalprod-uct 2

    510.1529.8548.4589.4621.9668.0724.5793.0839.1916.7988.4

    1,042.01,133.11,246.01,395.41,512.61,643.91,836.12,047.52,313.52,590.42,819.53,150.63,273.23,546.53,933.54,201.04,435.14,701.35,062.65,452.85,764.95,932.46,255.56,576.86,955.27,287.17,674.08,102.96,468.16,525.36,596.96,717.16,811.26,920.36,992.37,096.87,189.37,233.37,313.27,412.67,515.07,643.37,708.67,829.07,952.48,062.38,162.08,234.98,369.48,421.88,510.9

    Percent changefrom preceding

    periodGross

    domes-tic

    prod-uct

    8.53.83.57.45.57.48.59.55.89.27.95.48.79.9

    11.78.38.9

    11.511.413.011.68.9

    11.94.18.4

    11.07.15.86.17.67.75.63.05.55.05.94.65.45.93.94.14.18.15.57.14.46.44.32.35.34.95.77.33.96.17.25.65.44.26.42.74.7

    Grossdomes-

    ticpur-

    chases *9.03.03.37.65.47.18.89.95.99.67.85.29.1

    10.411.08.57.8

    12.612.613.011.48.4

    11.94.29.3

    12.37.36.06.26.67.05.42.15.75.56.34.55.45.84.14.75.07.76.07.75.35.84.23.03.33.96.68.35.14.17.85.25.84.37.64.44.9

    1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.

    Source: Department of Commerce, Bureau of Economic Analysis.

    327

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-2.Real gross domestic product, 1959-98[Billions of chained (1992) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I9601961 . . . .196219631964196519661967196819691970197119721973 . .197419751976197719781979 . .198019811982198319841985198619871988198919901991199219931994199519961997 '.. '..".. !1993:1II

    IIIIV . .

    1994:1I I . . .IllIV

    1995:1IIIIIIV

    1996:1||IIIIV

    1997:1I IIllIV

    1998:1IIHI

    Grossdomesticproduct

    2,210.22,262.92 314.32,454.82,559.42,708.42,881.13,069.23,147.2329393393.6339763^510.03,702.33,916.33,891.23,873.9408294'273 6450304*630.64,615.04,720.74,620.34,803.75,140.15,323.55,487.75,649.55,865.26,062.06,136.36,079.46,244.46,389.66,610.76,761.76,994.87,269.86,327.96,359.96,393.56,476.96,524.56,600.36,629.56,688.66,717.56,724.26,779.56,825.86,882.06,983.97,020.07,093.17,166.77,236.57,311.27,364.67,464.77,498.67,566.5

    Personal consumption expenditures

    Total

    1,394.61,432.6146151,533.81,596.61,692.31,799.11,902.01,958.6207022,147.5219782,279.52,415.92,532.62,514.72,570.02714328298295163^020 23,009.73,046.43,081.53,240.63,407.63,566.53,708.73,822.33,972.74,064.64,132.24,105.84,219.84,343.64,486.04,605.64,752.44,913.54,286.84,322.84,366.64,398.04,439.44,472.24,498.24,534.14,555.34,593.64,623.44,650.04,692.14,746.64,768.34,802.64,853.44,872.74,947.04,981.05,055.15,130.25,181.8

    Durablegoods

    285.5327.4374.9411.4448.4454.9483.5496.2493.3462.0488.5523.8561.2589.1626.1668.6504.0519.3529.9542.1550.7555.8561.7576.6575.2583.5595.3602.4611.0629.5626.5637.5656.3653.8679.6684.8710.3729.4733.7

    Non-durablegoods

    1,080.61,112.41,151.81,178.31,215.91,239.31,274.41,303.51,316.11,302.91,321.81,351.01,389.91,417.61,450.91,486.31,337.51,347.81,356.81,361.81,378.41,385.51,393.21,402.51,410.41,415.91,418.51,425.61,433.51,450.41,454.71,465.11,477.91,477.11,495.71,494.31,521.21,540.91,549.1

    Services

    1,728.21,809.01,883.01,977.32,041.42,126.92,212.42,262.32,321.32,341.02,409.42,468.92,535.52,599.62,676.72,761.52,445.32,455.92,480.02,494.42,510.92,531.42,543.82,555.92,570.42,594.82,610.32,622.92,648.52,668.42,688.12,701.72,722.12,743.62,775.42,804.82,829.32,866.82,904.8

    Gross private domestic investment

    Total

    2717270.5267.6302.1321.6348.3397.2430.64118433.345834261474.9531.8595.55465446.65374622.16934709.7628.3686.0587.2642.1833.4823.8811.8821.5828.2863.5815.0738.1790.4863.6975.7996.1

    1,084.11,206.4

    845.5846.1858.6904.0939.9987.8972.2

    1,003.01,013.5

    982.0983.4

    1,005.41,029.31,072.81,118.11,116.11,156.61,211.31,215.81,241.91,321.81,306.51,331.6

    Fixed investment

    Total

    610.4654.2762.4799.3805.0799.4818.3832.0805.8741.3783.4842.8915.5966.0

    1,050.61,138.0

    814.8831.1844.5880.8887.8913.2922.7938.5957.1957.8965.8983.1

    1,011.41,043.51,067.11,080.41,096.01,127.01,159.31,169.51,224.91,264.11,270.9

    Nonresidential

    Total

    464.3456.4535.4568.4548.5542.4566.0588.8585.2547.7557.9600.2648.4710.6776.6859.4577.8595.1602.3625.6626.2641.2653.2672.9698.4710.2711.7722.3744.8764.4790.1807.0820.9848.2882.2886.2931.9960.4958.7

    Struc-tures

    207.2185.7212.2227.8203.3195.9196.8201.2203.3181.6169.2170.8172.5180.7189.7203.2168.0170.3171.7173.1166.3174.5174.0175.0179.5181.7181.5179.8182.6185.9189.9200.6202.5199.3205.2205.7203.1201.9202.0

    Pro-ducers'durableequip-ment

    260.3272.4324.6342.4345.9346.9369.2387.6381.9366.2388.7429.6476.8531.7589.8660.9409.8424.9430.7452.9460.6467.3480.0499.1520.4529.9531.8544.8565.0581.6604.0608.8621.0653.8682.6686.4738.8771.3769.3

    Resi-dential

    140.1197.6226.4229.5257.0257.6252.5243.2220.6193.4225.6242.6267.0256.8275.9282.8237.0236.1242.2255.1261.3271.5269.4265.9259.9249.5255.6262.1268.0280.2279.0276.3278.4282.5282.3287.9298.5309.1316.5

    Changein

    busi-ness

    inven-tories

    -15.6-5.775.330.211.126.411.733.310.4-3.0

    7.022.160.627.730.063.232.316.615.324.253.175.949.763.654.321.714.720.114.426.147.532.156.379.051.066.591.438.255.7

    See next page for continuation of table.

    328

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  • TABLE B-2.Real gross domestic product, 1959-98Continued[Billions of chained (1992) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993-1

    IIIllIV

    1994:1IIIllIV

    1995-1IIIllIV

    1996:1II .IllIV

    1997:1||II IIV

    1998:1IIIll

    Net exports of goodsand services

    Netexports

    -14.1-63.3

    -127.3-147.9-163.9-156.2-114.4-82.7-61.9-22.3-29.5-70.2

    -104.6-96.5

    -111.2-136.1-54.7-62.6-83.1-80.5-97.6

    -103.9-111.1-105.9-109.5-114.7-86.8-74.8-95.5

    -113.5-140.1-95.9

    -121.5-131.6-142.4-149.0-198.5-245.2-259.0

    Exports

    71.986.888.393.0

    100.0113.3115.6123.4126.1135.3142.7158.1159.2172.0209.6229.8228.2241.6247.4273.1299.0331.4335.3311.4303.3328.4337.3362.2402.0465.8520.2564.4599.9639.4658.2712.4792.6860.0970.0647.2660.1646.3679.1676.0704.1722.1747.3763.9774.0806.3826.1833.6845.5849.9911.1929.4963.6988.1998.8991.9972.1965.3

    Imports

    1066108.1107.3119.5122.7129.2143.0164.2176.2202.5214.0223.1235.0261.0272.6265.3235.4281.53116338.6344.3321.3329.7325.5366.6455.7485.2526.1558.2580.2603.0626.3622.2669.0728.4817.0889.0971.2

    1,106.1701.9722.7729.4759.7773.6808.0833.2853.2873.4888.7893.1900.9929.1958.9990.0

    1,007.01,050.91,095.21,130.51,147.81,190.41,217.31,224.3

    Government consumption expenditures andgross investment

    Total

    6185617.2647.2686.0701.9715.9737.6804.6865.6892.4887.5866.8851.0854.1848.4862.9876.3876.88847910.6924.9941.4947.7960.1987.3

    1,018.41,080.11,135.01,165.91,180.91,213.91,250.41,258.01,263.81,252.11,252.31,254.51,268.21,285.01,250.11,253.11,250.51,254.71,241.91,243.31,268.11,255.81,256.21,259.91,257.61,244.51,254.51,276.21,271.11,271.21,277.71,284.41,288.91,289.21,283.01,294.81,299.6

    Federal

    Total

    429.4452.7463.7495.6518.4534.4524.6531.5541.9539.4528.0505.7486.6470.6465.6458.0512.1507.8501.5501.3487.2481.2496.4481.7478.6476.2473.1454.6463.5472.6467.0459.5456.3460.4458.9456.5446.1454.1452.5

    Nation-al

    de-fense

    316.5334.6348.1374.1393.4409.2405.5401.6401.5397.5375.8354.4336.9323.5319.1308.9359.2356.7351.1350.8335.1335.9347.0329.6328.3328.4323.9313.3318.7325.0319.8313.0305.0311.7310.2308.7293.3300.3303.5

    Non-de-

    fense

    113.3118.5115.9121.8125.2125.3119.1130.1140.5142.0152.2151.2149.5146.9146.2148.6152.9151.1150.3150.4151.9145.1149.4151.7150.0147.6148.8141.1144.5147.3146.8146.1150.7148.2148.2147.3151.9152.9148.4

    Stateandlocal

    531.4534.9555.0584.7616.9631.8656.6682.6708.6718.7735.8746.4765.7783.9802.7827.1738.0745.3749.1753.4754.7762.2771.7774.1777.67837784.5790.0791.0803.6804.2811.8821.5824.2830.1832.9837.1840,9847.3

    Finalsales ofdomes-

    ticproduct

    2,206.92,264.22,318.02,445.42,552.42,705.12,860.43,033.53,125.13,278.03,377.23,406.53,499.83,689.53,883.93,873.43,906.44,061.74,240.84,464.44,614.44,641.94,691.64,651.24,821.25,061.65,296.95,480.95,626.05,855.16,028.76,126.76,082.66,237.46,368.96,551.26,731.76,961.67,203.76,297.36,344.96,379.36,453.86,473.06,526.76,580.46,624.86,661.86,700.06,761.76,803.36,863.66,954.76,970.37,057.97,108.17,155.57,256.37,294.87,372.57,456.47,507.6

    Grossdomes-

    ticpur-

    chases J

    2,268.02,304.12,354.32,503.02,604.22,745.92,932.13,134.03,221.13,382.73,485.63,478.53,602.43,806.23,989.33,928.63,875.94,124.64,345.74,574.94,674.64,581.54,693.14,619.34,864.35,276.25,482.85,663.95,816.75,986.16,147.86,199.86,101.66,274.06,459.06,712.76,855.07,101.17,396.56,382.36,422.06,475.66,556.26,620.26,701.86,737.56,791.36,823.36,834.66,863.56,898.46,974.07,092.87,152.67,185.27,281.37,359.47,443.17,502.17,644.97,718.67,798.8

    Adden-dum:Gross

    nationalprod-uct 2

    2,222.02,276.02,329.12,471.52,577.32,727.82,901.43,087.83,166.43,314.53,413.33,417.13,532.13,726.33,950.13,930.23,903.34,118.84,314.54,543.74,687.44,670.84,769.94,662.04,844.85,178.05,346.75,501.25,658.25,878.56,075.76,157.06,094.96,255.56,408.06,619.16,779.57,008.47,266.26,351.36,375.96,415.36,489.76,540.56,609.36,635.66,691.26,735.96,746.36,788.96,846.86,902.16,999.07,027.17,105.37,167.87,239.37,307.07,350.77,455.27,485.97,546.7

    Percent changefrom preceding

    periodGross

    domes-tic

    prod-uct

    7.42.42.36.14.35.86.46.52.54.73.0

    3i35.55.8-.6-.45.44.75.42.8-.32.3

    -2.14.07.03.63.12.93.83.41.2-.92.72.33.52.33.43.9

    2.02.15.33.04.71.83.61.7.4

    3.32.8

    | 3.36.12.14.24.24.04.23.05.51.83.7

    Grossdomes-

    ticchases1

    7.81.62.26.34.05.46.86.92.85.03.0

    165.74.8

    -1.5-1.3

    6.45.45.32.2

    -2.02.4

    -1.65.38.53.93.32.72.92.7

    .8-1.6

    2.82.93.92.13.64.21.02.53.45.14.05.02.13.21.9172.04.57.03.41.85.54.44.63.27.83.94.2

    1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.

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  • TABLE B-3.Quantity and price indexes for gross domestic product, and percent changes, 1959-98[Quarterly data are seasonally adjusted]

    Year or quarter

    1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    IIIllIV

    1994:1||IIIIV

    1995:1IIIllIV

    1996-1IIIllIV

    1997-1||IllIV

    1998-.I||III

    Gross domestic product (GOP)Index numbers, 1992=100

    GDP(currentdollars)

    8.128.438.729.379.89

    10.6211.5212.6213.3514.5815.7316.5818.0219.8122.1423.9726.1129.1332.4636.6940.9644.5949.9051.9256.2862.4966.9570.8275.1480.8787.1091.9894.75

    100.00105.02111.25116.42122.69129.89103.20104.24105.29107.36108.81110.68111.88113.63114.83115.48116.98118.38120.03122.18123.36125.21127.39129.13130.85132.19134.27135.17136.73

    Real GDP(chain-typequantity

    index)35.3936.2437.0639.3140.9943.3746.1449.1550.4052.7554.3554.4156.2159.2962.7262.3262.0465.3868.4472.1174.1673.9175.6073.9976.9382.3285.2587.8890.4793.9397.0898.2797.36

    100.00102.32105.87108.28112.02116.42101.34101.85102.39103.72104.49105.70106.17107.11107.58107.68108.57109.31110.21111.84112.42113.59114.77115.89117.08117.94119.54120.09121.17

    GDPchain-typeprice index

    22.9523.2723.5423.8424.1224.4824.9525.6626.4827.6428.9430.4832.0533.4235.3038.4642.0944.5547.4250.8855.2260.3466.0170.1873.1675.9278.5380.5883.0686.1089.7293.6497.32

    100.00102.64105.09107.51109.54111.57101.85102.38102.83103.52104.16104.74105.39106.07106.74107.26107.76108.30108.90109.28109.77110.21110.97111.45111.77112.09112.33112.57112.85

    GDPimplicit

    pricedeflator

    22.9523.2723.5423.8424.1224.4824.9625.6726.4927.6428.9430.4832.0633.4235.3038.4742.0944.5547.4350.8955.2360.3366.0170.1773.1675.9278.5380.5883.0686.0989.7293.6097.32

    100.00102.64105.09107.51109.53111.57101.84102.35102.83103.51104.13104.71105.39106.09106.75107.24107.75108.29108.91109.24109.74110.23111.00111.43111.76112.08112.32112.56112.84

    Percent change from preceding period '

    GDP(currentdollars)

    8.53.83.57.45.57.48.59.55.89.27.95.48.79.9

    11.78.38.9

    11.511.413.011.68.9

    11.94.18.4

    11.07.15.86.17.67.75.63.05.55.05.94.65.45.93.94.14.18.15.57.14.46.44.32.35.34.95.77.33-96.17.25.65.44.26.42.74.7

    Real GDP(chain-type

    quantityindex)

    7.42.42.36.14.35.86.46.52.54.73.0

    135.55.8-.6-.45.44.75.42.8

    ?3-2.1

    4.07.03.63.12.93.83.41.2-.92.72.33.52.33.43.9

    2iO2.15.33.04.71.83.61.7

    .43.32.83.36.12.14.24.24.04.23.05.51.83.7

    GDPchain-typeprice index

    1.01.41.21.31.21.51.92.83.24.44.75.35.24.25.68.99.45.86.57.38.59.39.46.34.33.83.42.63.13.74.24.43.92.82.62.42.31.91.93.92.11.82.72.52.22.52.62.52.01.92.02.21.41.81.62.81.71.21.1.9.9

    1.0

    GDPimplicit

    pricedeflator

    1.01.41.21.31.21.52.02.83.24.44.75.35.24.25.69.09.45.86.57.38.59.29.46.34.33.83.42.63.13.74.24.34.02.82.62.42.31.91.93.92.01.92.72.42.22.62.72.51.81.92.02.31.21.81.82.81.61.21.2.8.9

    1.01 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.

    Source: Department of Commerce, Bureau of Economic Analysis.

    330

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  • TABLE B-4.Percent changes in real gross domestic product, 1959-98[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959 .1960 .1961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988 .. .1989199019911992199319941995199619971993:1

    II . .I l lIV

    1994:1I IIll .IV

    1995:1III l lIV

    1996:1I II l lIV

    1997:1I IIllIV

    1998:1I II I I

    Grossdomes-

    ticproduct

    7.42.42.36.14.35.86.46.52.54.73.0

    .13.35.55.8-.6-.45.44.75.42.8

    ?3-2.1

    4.07.03.63.12.93.83.41.2-.92.72.33.52.33.43.9

    .12.02.15.33.04.71.83.61.7

    .43.32.83.36.12.14.24.24.04.23.05.51.83.7

    Personal consumptionexpenditures

    1

    Total

    5.72.72.04.94.16.06.35.73.05.73.72.33.76.04.82l25.64.34.32.3-.31.21.25.25.24.74.03.13.92.31.7-.62.82.93.32.73.23.4

    .43.44.12.93.83.02.33.21.93.42.62.33.74.71.82.94.31.66.22.86.16.14.1

    Dura-ble

    goods

    13.42.0

    -3.811.79.79.2

    12.78.51.6

    11.03.6

    -3.210.012.710.3-6.9

    .012.89.35.3

    -8.01.2

    K714.59.79.01.56.32.6-6

    -6.45.87.27.15.06.36.8-.7

    12.68.49.66.43.84.3

    11.0-1.0

    5.98.34.85.8

    12.7-1.9

    7.212.3-1.516.83.1

    15.811.22.4

    Non-dura-

    blegoods

    4.11.51.83.12.14.95.35.51.64.52.72.41.84.43.3

    -2.01.55.02.63.52.3-.4

    .9

    .62.93.52.33.21.92.82.310

    -1.01.52.22.92.02.42.4-.73.12.71.55.02.12.22.72.31.6.7

    2.02.24.81.22.93.6-.25.1-.47.45.32.1

    Serv-ices

    5.24.44.14.94.56.15.35.14.85.24.84.03.75.44.52.43.54.24.24.73.21.91.51.94.74.15.03.24.24.02.326.8

    2.92.52.72.53.03.21.31.74.02.32.73.32.01.92.33.82.41.94.03.03.02.03.13.24.74.33.55.45.4

    Gross private domesticinvestment

    Nonresidential fixed

    Total

    8.35.6-.98.75.0

    11.817.312.1-1.6

    4.37.2

    -1.09^0

    14.6-10i5

    4.811.813.79.6

    ?.3-4.4-1.717.36.2

    -3.5-1.1

    4.44.0-6

    -6.41.97.68.09.69.3

    10.76.2

    12.54.9

    16.4.4

    9.97.7

    12.616.06.9

    .96.1

    13.111.014.28.87.0

    14.017.01.8

    22.212.8-?

    Struc-tures

    2.47.91.44.51.1

    10.415.96.8

    -2.51.45.4

    .3-1.6

    3.18.2

    -2.1-10.5

    2.54.9

    10.912.66.77.9

    -1.5-10.4

    14.37.3

    -10.8-3.6

    2^21 1

    -10.7-6.8

    1.01.04.85.07.16.05.53.43.3

    -14.821.1-1.1

    2.310.75.1-.4

    -3.86.47.48.9

    24.53.9

    -6.212.4

    .9-4.9-2.3

    .2

    Pro-ducers'dura-

    bleequip-ment

    12.44.1

    -2.411.67.6

    12.618.215.5-1.0

    6.18.3

    -1.8.8

    12.718.52.1

    -10.56.1

    15.615.18.1

    -4.43.7

    -6.44.6

    19.25.51.0.3

    6.45.0

    -15-4.1

    6.210.511.011.510.912.16.4

    15.65.5

    22.37.05.9

    11.416.918.17.61.4

    10.115.712.316.23.28.3

    22.818.82.2

    34.318.8-1.0

    Resi-dential

    25.5-7.1

    .39.6

    11.85.8

    -2.9-8.9-3.113.63.0

    -6.027.417.8-.6

    -20.6-13.0

    23.621.26.6

    -3.7-21.1-8.0

    -18.241.114.61.4

    12.0-2X)-3.7-93

    -12.316.67.6

    10.1-3.8

    7.42.5

    .6-1.610.823.110.016.6-3.1-5.0-8.8

    -15.010.110.69.3

    19.5-1.7-3.9

    3.16.1J2

    15.615.09.9

    Exports and im-ports of goodsand services

    Ex-ports

    0.920.8

    1.75.47.5

    13.32.06.72.27.35.5

    10.88!l

    21.89.65.92.4

    10.49.5

    10.81.2

    -7.1-2.6

    8.32.77.4

    11.015.911.7856.36.62.98.2

    11.38.5

    12.8-1.2

    8.2-8.121.9-1.817.710.614.79.25.4

    17.810.23.75.82.1

    32.08.3

    15.510.64.4

    -2.8-7.7-2.8

    Im-ports

    10.51.3in2.75.3

    10.614.97.3

    14.95.74.35.3

    11.04.5

    -2.7-11.3

    19.610.78.71.7

    -6.72.6

    -1.312.624.36.58.46.13.93.9391'.58.9

    12.28.89.2

    13.97.6

    12.43.8

    17.77.6

    19.013.19.99.87.22.03.5

    13.113.513.67.0

    18.617.913.56.3

    15.79.32.3

    Government consump-tion expenditures and

    gross investment

    Total

    5.7-.24.96.02.32.03.09.17.63.1-.6

    -2.3-1.8

    .4-.71.71.5.1.9

    2.91.61.8U2.83.16.15.12.71.32.830

    .6-!9

    .0

    .21.11.3

    -6.91.0-.81.3

    -4.0.4

    8.2-3.8

    .11.2-.8

    -4.13.27.1

    -1.6.0

    2.12.11.4

    .1-1.9

    3.71.5

    Fed-eral

    7.2-3.1

    3.98.3-.4

    -1.7.0

    11.49.91.0

    -3.4-7.1-7.1-1.7-4.9-.6-.2

    -1.01.62.11.54.24.23.25.42.46.94.63.1

    -1.81.320

    -2.1-4.2-3.8-3.3-1.1-1.6

    -15.4-3.3-4.9

    -10.7-4.913.3

    -11.3-2.6-2.0-2.6

    -14.78.08.1

    -4.7-6.3-2.7

    3.6-1.2-2.1-8.8

    7.3-1.4

    Stateandlocal

    3.54.16.22.96.06.86.76.44.95.72.82.83.32.23.03.62.9.8.4

    3.61.6.0

    -2.0-.33i85.35.52.43.94.03.81.42.41.52.62.42.43.1

    4iO2.12.3

    .74.05.11.21.83.22^8.5

    6.5.3

    3.84.91.32.91.32.11.83.1

    Note.f ercent changes based on unrounded data.Source: Department of Commerce, Bureau of Economic Analysis.

    331

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B5.Contributions to percent change in real gross domestic product, 195998[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I960 ....'.196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990 ',...19911992199319941995199619971993-1||

    IIIIV

    1994:1IIIllIV

    1995:1III I IIV

    1996:1||IIIIV

    1997:1IIHIIV

    1998-1IIIll

    Grossdomes-

    ticproduct(per-

    centchange)

    7.42.42.36.14.35.86.46.52.54.73.0

    3^35.55.8-.65i44.75.42.8-.32.3

    -2.14.07.03.63.12.93.83.41.2-.92.72.33.52.33.43.9

    2iO2.15.33.04.71.83.61.7.4

    3.32.83.36.12.14.24.24.04.23.05.51.83.7

    Personal consumption expenditures

    Total

    3.651.711.273.112.543.723.913.531.823.482.291.442.323.723.01-.441.363.542.692.711.45-.22

    .77

    .723.313.352.982.582.012.601.541.10-.431.861.982.231.812.172.31

    .452.312.801.982.602.021.582.181.252.261.771.572.503.211.261.972.911.084.191.884.094.092.78

    Dura-ble

    goods

    1.07.17

    -.31.89.78.77

    1.07.73.14.93.31

    -.28.81

    1.08.90

    -.61.00

    1.04.80.47

    -.04-.67

    .09-.011.071.14.80.77.13.55.23

    -.05-.52

    .43

    .56

    .58

    .41

    .52

    .56-.10

    .97

    .66

    .76

    .52

    .31

    .35

    .87-.09

    .47

    .66

    .39

    .481.03-.16

    .58

    .98-.131.30.26

    1.23.91.20

    Non-durablegoods

    1.25.44.53.90.58

    1.341.431.46

    .421.18.69.63.47

    1.11.83

    -.50.38

    1.27.65.86.56

    -.11.22.14.71.83.52.70.42.61.49.21

    -.22.31.46.60.41.48.49

    -.23.66.56.31

    1.01.43.45.54.45.31.15.41.45.96.24.57.71

    -.041.00-.081.411.01

    .42

    Serv-ices

    1.331.101.051.311.181.611.411.341.261.371.291.091.041.541.28.67.98

    1.231.241.39.94.56.47.58

    1.531.381.661.111.461.44.82.94.31

    1.12.96

    1.06.99

    1.181.26.79.67

    1.56.91

    1.051.28.77.75.88

    1.46.95.77

    1.571.201.18-.811.201.261.851.701.402.142.15

    Gross private domestic investment

    Total

    2.90-.07-.161.83

    .961.252.151.38-.72

    .80

    .89-1.10

    1.661.871.99

    -1.45-3.04

    2.812.492.03

    .44-2.16

    1.54-2.56

    1.424.57-.21-.25

    .20

    .13

    .65-.85

    -1.30.85

    1.171.73.30

    1.261.653.43

    .04

    .782.842.212.93-.921.84.63

    -1.79.09

    1.261.332.452.48-.122.172.92

    .231.344.07-.751.22

    Fixed investment

    Total

    1.97.12

    -.071.241.031.351.47.82

    -.30.97.86

    -.361.081.781.43

    -1.07-1.75

    1.412.191.88.93

    -1.23.32

    -1.291.122.56.80.12

    -.11.36.25

    -.46-1.09

    .67

    .951.12.75

    1.211.18.92

    1.04.84

    2.27.43

    1.55.56.93

    1.09.05.47

    1.001.651.831.29.72.83

    1.631.66.48

    2.821.95.33

    Presidential

    Total

    0.75.51

    -.08.77.45

    1.051.631.25-.17

    .44

    .73-.10-.01

    .891.47.06

    -1.18.50

    1.221.511.14-.06

    .67-.57-.211.93.73

    -.42-.12

    .46

    .42-.06-.64

    .15

    .67

    .74

    .91

    .921.08.88

    1.10.44

    1.43.04.90.70

    1.141.47.67.10.61

    1.291.091.37.88.71

    1.391.67.16

    2.211.35-.08

    Struc-tures

    0.09.28.05.16.04.36.57.27

    -.10.05.20.01

    -.07.12.31

    -.09-.43

    .09

    .18

    .41

    .51

    .30

    .39-.08-.54

    .61

    .33-.50-.14

    .02

    .08

    .04-.37-.20

    .03

    .03

    .13

    .14

    .20

    .25

    .15

    .09

    .09-.43

    .51-.03

    .06

    .27

    .14-.01-.11

    .17

    .20

    .24

    .64

    .11-.19

    .35

    .03-.15-.07

    .01

    Pro-ducers'durableequip-ment

    0.66.23

    -.13.61.41.70

    1.05.98

    -.07.39.53

    -.12.05.77

    1.16.14

    -.75.41

    1.041.10

    .64-.36

    .29-.49

    .331.32.41.07.02.44.34

    -.10-.27

    .35

    .65

    .71

    .78

    .78

    .88

    .63

    .95

    .351.34

    .47

    .39

    .731.081.19.54.11.71

    1.12.89

    1.12.24.59

    1.581.32.13

    2.361.42-.09

    Resi-dential

    1.22-.39

    .01

    .46

    .58

    .30-.15-.43-.13

    .53

    .13-.261.10.89

    -.04-1.13-.57

    .91

    .98

    .37-.21

    -1.17-.35-.711.33.63.06.54.01

    -.10-.17-.39-.46

    .53

    .27

    .39-.16

    .29

    .10

    .04-.06

    .40

    .82

    .39

    .64-.13-.21-.37-.62

    .37

    .40

    .36

    .73-.07-.16

    .12

    .24-.02

    .32

    .60

    .60

    .41

    Changein

    busi-ness

    inven-tories

    0.93-.19-.09

    .60-.07-.10

    .68

    .56-.43-.17

    .03-.74

    .58

    .10

    .56-.38

    -1.291.40.30.15

    -.49-.931.22

    -1.27.30

    2.01-1.00-.37

    .31-.23

    .40-.39-.21

    .18

    .22

    .61-.45

    .04

    .472.50

    -1.00-.06

    .561.771.37

    -1.47.90

    -.46-1.84-.39

    .25-.32

    .611.17-.831.331.27

    -1.41.85

    1.22-2.66

    .89See next page for continuation of table.

    332

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-5.Contributions to percent change in real gross domestic product, 1959-98Continued[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993-1II

    I I IIV

    1994-1IIIllIV

    1995-1III I IIV

    1996:1||litIV

    1997-1||IIIIV

    1998:1||III

    Net exports of Government consumption expendituresgoods and services and gross investment

    Netexports

    -0.41.79.11

    -.21.24.41

    -.35-.32-.23-.35-.02

    .32-.25-.20

    .93

    .89

    .90-.97-.71

    .03

    .631.69-.15-.55

    -1.36-1.58-.45-.31

    .16

    .82

    .60

    .37

    .67-.12-.64-.50

    .14-.19-.27

    -1.4850

    -1.26.18

    -1.02-.34-.39

    .34-.17-.261.60.70

    -110-.94

    -1.332.35

    -1.24-.45-.47-.30

    -2.24-2.08-.62

    Exports

    Total

    0.04.85.08.25.35.63.10.33.11.36.27.54.04.42

    1.21.68

    -.06.49.20.81.79.97.12

    -.67-.22

    .64

    .21

    .52

    .801.251.02.78.60.62.30.82

    1.17.95

    1.43-.19

    .81-.852.01-.201.671.041.45.91.54

    1.811.10.43.65.23

    3.22.95

    1.761.22.53

    -.33-.92-.32

    Goods

    -0.02.76.02.17.29.52.02.27.02.30.20.44

    -.0243

    1.01.46

    -.16.32.08.68.77.86

    -.08-.67-.19

    .46

    .20

    .27

    .561.05.80.55.48.46.24.69.92.76

    1.21-.69

    .70-.811.90-.271.30.98

    1.24.64.45

    1.16.89.57.33.57

    2.061.191.371.02.67

    -.29-.98

    .04

    Serv-ices

    0.06.09.06.09.06.12.08.06.09.06.07.10.05

    -.01.21.22.10.17.11.13.02.11.20.00

    -.04.18.01.26.23.20.23.23.12.16.06.13.25.18.22.50.11

    -.04.10.07.37.06.21.27.09.64.21

    -.14.33

    -.341.14-.24

    .38

    .20-.14-.04

    .06-.36

    Imports

    Total

    -0.45-.06

    .03-.47-.11-.23-.45-.65-.34-.70-.29-.22-.29-62-.28

    .21

    .96-1.45-.90-.78-.16

    .71-.27

    .12-1.14-2.22-.65-.83-.63-.43-.43-.42

    .07-.74-.94

    -1.32-1.03-1.13-1.71-1.30-1.31-.41

    -1.82-.83

    -2.02-1.43-1.11-1.09-.80-.20-.40

    -1.54-1.60-1.58-.85

    -2.21-2.21-1.69-.83

    -1.94-1.18-.30

    Goods

    -0.48.05.00

    -.40-.12-.19-.41-.49-.17-.68-.20-.15-.33-57-.34

    .17

    .88-1.35-.84-.67-.14

    .67-.18

    .21-1.01-1.84-.52-.83-.40-.36-.37-.27

    .00-.76-.90

    -1.22-.94

    -1.02-1.51-1.72-1.21-.32

    -1.51-.78

    -1.94-1.44-1.13-.72-.87-.14-.29

    -1.36-1.52-1.38-.88

    -1.87-1.99-1.38-.71

    -1.75-1.19-.32

    Serv-ices

    0.03-.11

    .03-.07

    .00-.04-.04-.16-.17-.03-.09-.07

    .04-05

    .06

    .03

    .08-.10-.06-.11-.02

    .04-.09-.08-.13-.39-.13-.01-.24-.07-.05-.15

    .07

    .02-.04-.10-.10-.11-.20

    .42-.10-.09-.31-.05-.08

    .01

    .02-.37

    .07-.06-.11-.18-.09-.19

    .02-.34-.21-.31-.12-.19

    .01

    .01

    Total

    1.28-.051.051.34

    .52

    .45

    .661.941.68.73

    -.13-.54-.42

    08-.15

    .36

    .34

    .01

    .19

    .60

    .32

    .36

    .14

    .27

    .60

    .661.241.06.58.27.57.61.13.08

    -.19.00.03.20.24

    -2.28.19

    -.17.26

    -.80.08

    1.52-.75

    .02

    .22-.15-.78

    591.28-.30

    .00

    .37

    .38

    .25

    .02-.34

    .64

    .27

    Federal

    Total

    0.96-.41

    .491.06-.05-.22

    .001.301.18.13

    -.43-.85-.80-.18-.50-.06-.02-.09

    .14

    .18

    .13

    .36

    .37

    .30

    .52

    .24

    .66

    .45

    .30-.18

    .12

    .17-.04-.20-.36-.30-.24-.08-.11

    -2.2227

    -.40-.01-.88-.37

    .93-.89-.18-.14-.19

    -1.10.53.54

    -.33-.44-.18

    .23-.08-.14-.57

    .44-.09

    Na-tionalde-

    fense0.31-.22

    .43

    .63-.27-.44-.191.261.21

    .20-.49-.81-.90-35-.49-.19-.10-.13

    .04

    .01

    .10

    .21

    .34

    .45

    .41

    .30

    .54

    .38

    .30-.07-.07

    .00-.07-.36-.34-.27-.20-.06-.15

    -1.80-.16-.35-.02-.96

    .05

    .66-1.03-.08

    .01-.27-.63

    32.37

    -.30-.39-.46

    .38-.08-.09-.84

    .38

    .17

    Non-de-

    fense

    0.65-.18

    .05

    .43

    .22

    .23

    .19

    .04-.03-.07

    .05-.04

    .1017

    -.01.13.07.03.10.17.03.14.03

    -.15.12

    -.06.12.07.00

    -.11.19.17.02.17

    -.02-.03-.04-.01

    .04-.43-.11-.05

    .00

    .09-.42

    .27

    .15-.11-.14

    .08-.84

    20.17

    -.03-.05

    .27-.15

    .00-.05

    .26

    .06-.26

    Stateandlocal

    0.32.36.56.28.57.66.66.65.50.60.30.31.38.26.35.42.36.11.05.42.19.00

    -.23-.03

    .08

    .42

    .58

    .61

    .28

    .45

    .45

    .43

    .17

    .28

    .17

    .30

    .28

    .28

    .35-.06

    .47

    .24

    .27

    .08

    .46

    .58

    .14

    .21

    .36

    .05

    .33

    .06

    .74

    .04

    .44

    .55

    .15

    .33

    .15

    .24

    .20

    .35Source: Department of Commerce, Bureau of Economic Analysis.

    333

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B6.Chain-type quantity indexes for gross domestic product, 195998[Index numbers, 1992=100; quarterly data seasonally adjusted]

    Year orquarter

    1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993-1

    I II l lIV

    1994:1I II I IIV

    1995:1III I IIV

    1996:1I IIIIIV

    1997:1I II I IIV

    1998:1III l l

    Grossdomes-

    ticproduct

    35.3936.2437.0639.3140.9943.3746.1449.1550.4052.7554.3554.4156.2159.2962.7262.3262.0465.3868.4472.1174.1673.9175.6073.9976.9382.3285.2587.8890.4793.9397.0898.2797.36

    100.00102.32105.87108.28112.02116.42101.34101.85102.39103.72104.49105.70106.17107.11107.58107.68108.57109.31110.21111.84112.42113.59114.77115.89117.08117.94119.54120.09121.17

    Personal consumption expenditures

    Total

    33.0533.9534.6436.3537.8440.1042.6445.0746.4149.0650.8952.0854.0257.2560.0259.5960.9064.3267.0669.9571.5771.3272.1973.0276.7980.7584.5287.8990.5894.1496.3297.9297.30

    100.00102.93106.31109.14112.62116.44101.59102.44103.48104.22105.21105.98106.60107.45107.95108.86109.57110.19111.19112.48113.00113.81115.02115.47117.23118.04119.79121.58122.80

    Durablegoods

    21.1021.5320.7223.1425.3927.7331.2433.8834.4238.2039.5638.2942.1147.4652.3748.7748.7454.9660.0663.2162.9057.8558.5158.4467.0176.7584.2191.7993.1398.97

    101.57100.9894.56

    100.00107.23114.87120.59128.16136.86103.18106.29108.47110.97112.72113.77114.99118.02117.74119.44121.86123.30125.06128.86128.24130.50134.34133.82139.12140.17145.39149.30150.18

    Non-durablegoods

    45.8746.5647.4248.9149.9352.3955.1858.1959.1261.8063.4464.9966.1669.0671.3369.9470.9974.5076.4479.1180.9280.5881.2781.7584.1687.1489.1591.9893.7596.4198.6199.5698.57

    100.00102.20105.15107.24109.77112.44101.19101.97102.64103.02104.28104.81105.40106.10106.70107.11107.31107.85108.45109.73110.05110.84111.81111.75113.16113.05115.09116.57117.19

    Services

    28.5329.7830.9832.5233.9836.0437.9639.8841.8243.9846.1047.9649.7252.4054.7656.0858.0360.4763.0165.9668.0669.3470.3971.7375.0878.1582.0684.7288.2791.8293.9096.3497.16

    100.00102.47105.23107.89111.09114.61101.49101.93102.93103.53104.21105.06105.58106.08106.68107.69108.34108.86109.92110.75111.57112.13112.98113.87115.19116.41117.42118.98120.56

    Gross private domestic investment

    Total

    34.3734.2233.8638.2340.6944.0650.2554.4852.1054.8257.9853.9160.0867.2875.3369.1456.5067.9978.7187.7389.7979.4986.7874.2981.23

    105.43104.23102.71103.93104.77109.24103.1193.39

    100.00109.25123.44126.02137.15152.62106.96107.05108.63114.37118.91124.96123.00126.89128.22124.24124.42127.20130.22135.72141.46141.20146.32153.24153.82157.12167.22165.29168.46

    Fixed investment

    Total

    34.0934.3634.1937.2840.0443.8748.3150.9449.9153.3756.5455.1659.3466.4172.4367.6860.1266.0775.7884.3488.7882.7784.3277.9183.5197.32

    102.02102.76102.05104.45106.20102.8694.62

    100.00107.58116.86123.30134.10145.25104.00106.08107.79112.43113.32116.56117.78119.79122.17122.26123.28125.49129.10133.20136.21137.91139.90143.85147.98149.28156.36161.36162.23

    Nonresidential

    Total

    26.4727.9527.7030.1131.6235.3441.4646.5045.7747.7651.2050.7050.6355.1663.1963.5256.8859.6166.6575.7583.0582.6687.0783.2381.8295.97

    101.9098.3297.22

    101.46105.55104.9098.18

    100.00107.58116.22127.38139.21154.04103.57106.67107.96112.13112.25114.94117.08120.62125.19127.30127.58129.47133.50137.02141.64144.66147.14152.04158.13158.86167.04172.15171.84

    Struc-tures

    50.7154.7455.4857.9858.6264.7175.0380.1778.1379.2483.5183.7882.4184.9491.8689.9480.5382.5086.5295.96

    108.01115.27124.37122.50109.79125.44134.63120.16115.77116.35118.91120.18107.32100.00100.95101.94106.78112.16120.0999.32

    100.66101.50102.3398.31

    103.13102.86103.45106.11107.43107.31106.28107.94109.87112.24118.57119.71117.81121.29121.56120.06119.36119.42

    Pro-ducers'durableequip-ment

    18.3719.1218.6720.8322.4125.2329.8134.4334.0836.1539.1538.4638.7643.6951.7752.8447.3250.2258.0566.8072.2169.0171.5666.9770.0883.5288.1088.9989.2494.9999.7398.2494.20

    100.00110.52122.66136.80151.75170.04105.43109.32110.80116.51118.51120.22123.49128.42133.87136.34136.81140.15145.36149.64155.38156.62159.77168.20175.62176.58190.08198.43197.91

    Resi-dential

    58.1454.0154.1659.3566.3470.2068.1562.0560.1068.2970.3166.1084.2399.2098.5678.2168.0684.09

    101.89108.62104.6582.5275.9262.1087.62

    100.39101.75113.95114.22111.96107.8497.8085.76

    100.00107.56118.39113.85122.32125.36105.08104.67107.38113.10115.84120.37119.44117.90115.21110.63113.33116.22118.84124.24123.71122.48123.41125.26125.14127.64132.34137.05140.31

    See next page for continuation of table.

    334

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-6.Chain-type quantity indexes for gross domestic product, 195998Continued[Index numbers, 1992=100; quarterly data seasonally adjusted]

    Year orquarter

    1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993-1||

    IllIV

    1994:1III I IIV

    1995:1IIIllIV

    1996:1III l lIV

    1997:1IIIll .IV

    1998:1||III

    Exports of goods andservices

    Total

    11.2413.58

    . . 13.8014.5415.6417.7318.0819.3019.7221.1622.3124.7324.9026.9032.7835.9335.6937.7938.6942.7146.7751.8352.4348.7147.4451.3652.7656.6562.8772.8581.3688.2793.82

    100.00102.94111.41123.95134.50151.70101.22103.24101.07106.21105.73110.12112.93116.88119.47121.05126.10129.20130.37132.23132.92142.48145.35150.70154.53156.21155.12152.03150.96

    Goods

    11.5314.2314.3014.9416.1118.3218.4119.6919.7921.3522.4725.0324.9427.6233.9636.6635.8137.5138.0042.2447.2352.8652.3247.5846.2049.8551.6554.3060.2871.6380.6187.2993.43

    100.00103.35113.62127.86140.28161.92101.22103.70100.74107.75106.79111.72115.54120.44123.12125.05129.81133.48135.72137.07139.60148.75154.09160.28165.07168.25166.82161.87162.10

    Services

    9.7810.8211.5412.5913.3914.9916.1717.1018.6019.5520.7622.5923.6023.4527.5832.2734.4037.9840.4643.5243.9946.7851.6651.6550.7655.5055.6563.0669.9476.0483.2090.7494.77

    100.00101.96106.38115.07121.50129.48101.21102.15101.81102.68103.28106.46106.99108.79111.19111.99117.63119.48118.27121.21118.10128.42126.20129.77131.64130.32129.91130.46126.93

    Imports of goods andservices

    Total

    15.9416.1516.0517.8718.3419.3221.3724.5526.3430.2631.9933.3535.1339.0140.7639.6635.1942.0846.5950.6251.4748.0349.2848.6654.8168.1272.5378.6583.4486.7390.1393.6293.01

    100.00108.89122.13132.90145.19165.35104.93108.03109.04113.56115.65120.79124.56127.54130.57132.85133.51134.67138.88143.35147.99150.53157.10163.72169.00171.59177.95181.97183.02

    Goods

    13.0612.8412.8314.7215.3216.3318.6421.5822.7227.4128.9130.0532.5737.0039.6138.5133.6541.2646.2850.4351.3047.4948.4647.2453.6666.6470.8478.1081.7285.0188.5891.2791.23

    100.00110.49125.56137.61151.36173.56106.20109.72110.70115.32117.72123.81128.48132.22134.75137.79138.40139.48144.07149.31154.40157.65164.59172.05177.43180.19187.38192.49193.87

    Services

    28.1430.3529.8331.2331.1831.9832.9237.1041.6442.3945.0647.4146.0647.6345.7044.6542.3245.2847.0250.3651.0849.8252.6855.4959.9774.8580.3780.7291.1494.3896.88

    104.26100.97100.00101.91107.31112.56118.65130.3999.34

    100.63101.79105.89106.61107.69107.58107.34112.46111.52112.38113.89116.42117.64120.45120.10125.12128.32133.11135.01138.03137.82137.60

    Government consumption expendituresand gross investment

    Total

    48.9448.8451.2154.2855.5456.6558.3663.6668.4970.6270.2268.5967.3467.5867.1468.2869.3469.3870.0172.0573.1874.4974.9975.9778.1380.5885.4789.8192.2693.4496.0698.9499.55

    100.0099.0899.0999.27

    100.35101.6898.9299.1698.9599.2998.2798.38

    100.3599.3799.4099.7099.5198.4899.27

    100.98100.58100.59101.10101.63101.99102.01101.53102.45102.84

    Federal

    Total

    68.2966.1868.7674.4874.2172.9572.9681.2889.3490.2287.1180.9075.1973.9070.2969.8569.6868.9970.0971.5472.5975.6378.7781.3385.7487.8393.8798.18

    101.2199.36

    100.67102.64102.16100.0095.7892.1789.1488.1986.7597.0096.1994.9894.9592.2891.1394.0291.2390.6590.2089.6086.1087.7889.5188.4587.0286.4387.2086.9286.4684.5086.0085.71

    Nationaldefense

    81.8580.1783.5188.4586.2282.4880.8492.66

    104.71106.69101.5692.8883.4979.9174.8272.8071.7870.4370.8970.9972.1374.7178.7784.2389.0592.6399.55

    104.68108.89107.92106.86106.86105.79100.0094.3289.6686.0884.9382.2095.5894.9293.4293.3689.1989.4092.3387.7187.3687.3986.1983.3784.8286.5085.1183.2981.1582.9482.5682.1578.0679.9380.78

    Non-defense

    38.6535.5436.4443.8847.8952.0255.5656.2755.6654.1855.4154.5656.7060.3960.1163.3465.1365.9768.5573.1774.0478.2179.0974.4677.8576.1780.0282.2582.3278.2585.4592.3193.28

    100.0099.3398.2496.5096.0397.64

    100.4699.2998.7698.8199.7795.3698.1399.6998.5496.9897.7792.7094.9196.7796.4695.9799.0197.3997.3696.7999.83

    100.4897.47

    Stateandlocal

    34.9036.3238.5739.7042.0944.9848.0051.0953.5856.6158.1759.8061.7563.1265.0367.3569.3269.9070.1872.6873.8773.8872.4172.2272.6975.4479.4783.8585.8789.2492.7896.3197.68

    100.00101.45104.06106.55109.09112.42100.30101.29101.81102.40102.57103.59104.89105.21105.69106.51106.62107.37107.51109.22109.30110.33111.65112.01112.82113.19113.77114.28115.16

    Source: Department of Commerce, Bureau of Economic Analysis.

    335

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-7.Chain-type price indexes for gross domestic product, 1959-98[Index numbers, 1992=100, except as noted; quarterly data seasonally adjusted]

    Year orquarter

    1959I96019611962196319641965196619671968196919701971197219731974197519761977 ..." !197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    IIIl lIV

    1994:1IIIllIV

    1995:1IIIIIIV

    1996:1IIIIIIV

    1997:1||IIIIV

    1998-.IIIIll

    Grossdomes-

    ticproduct

    22.9523.2723.5423.8424.1224.4824.9525.6626.4827.6428.9430.4832.0533.4235.3038.4642.0944.5547.4250.8855.2260.3466.0170.1873.1675.9278.5380.5883.0686.1089.7293.6497.32

    100.00102.64105.09107.51109.54111.57101.85102.38102.83103.52104.16104.74105.39106.07106.74107.26107.76108.30108.90109.28109.77110.21110.97111.45111.77112.09112.33112.57112.85

    Personal consumption expenditures

    Total

    22.8123.1923.4423.6923.9924.3124.6925.3426.0127.0428.1629.4930.8231.9033.6237.0340.0442.3245.1348.4152.7658.4963.7367.4070.4673.1475.8478.0080.9684.3288.4492.9196.82

    100.00102.66105.15107.56109.75111.81101.83102.46102.80103.57104.00104.68105.61106.31106.75107.38107.85108.28108.87109.56109.95110.62111.31111.63112.00112.30112.30112.55112.84

    Durablegoods

    41.3841.1841.2741.4741.6141.8241.4441.2541.8943.2844.4745.4447.1047.6048.2951.3556.0459.1661.7365.2369.6275.5680.6483.8185.4886.7187.7688.9191.5993.2895.2996.5998.54

    100.00101.22103.27103.72102.75100.66100.47101.00101.38102.03102.28103.02103.85103.94104.05103.94103.60103.30103.47102.92102.54102.06101.84100.96100.2399.6299.2798.7297.98

    Non-durablegoods

    24.4924.8424.9925.1825.4825.8026.2727.1427.7828.8530.1931.6632.6533.7436.3941.5944.8346.5349.1852.5958.3365.3070.5772.8174.6476.7178.7278.7381.8284.8389.2894.6298.06

    100.00101.46102.77103.96106.08107.69101.26101.38101.27101.92101.90102.23103.31103.64103.49103.89104.11104.34105.12106.04106.12107.05107.57107.52107.72107.95107.35107.41107.80

    Services

    18.4718.9619.3319.6219.9420.2820.7221.3222.0322.9723.9125.2026.7327.9129.1731.4133.9736.5039.4642.6246.0850.9656.1760.8064.8668.1771.6275.2878.2382.1686.5591.2295.78

    100.00103.62106.85110.37113.32116.61102.43103.35103.93104.79105.50106.37107.24108.27109.11110.03110.82111.52112.11112.95113.71114.51115.50116.30117.04117.59118.00118.55119.05

    Gross private domestic investment

    Total

    29.0129.1329.1329.1129.0429.2129.6930.2931.1032.3033.8535.2737.0538.6940.8044.9150.4853.3357.2962.1067.7274.1881.0985.3885.2085.8786.8188.9790.9393.4696.0698.3799.70

    100.00101.50103.32104.74104.46104.10101.06101.42101.65101.85102.57103.10103.63103.96104.40104.89104.86104.82104.56104.35104.53104.39104.22104.08104.12103.99103.39102.92102.43

    Fixed investment

    Total

    27.9528.0828.0328.0327.9828.1528.6429.2530.0831.3132.8734.2836.0537.6439.7443.6949.2252.1256.1961.0966.7173.0379.9484.4784.3885.0186.2088.5690.4493.2595.8598.2499.63

    100.00101.53103.40104.81104.68104.45101.08101.45101.69101.91102.64103.19103.71104.04104.45104.95104.93104.92104.72104.55104.76104.70104.53104.40104.50104.37103.81103.33102.91

    Nonresidential

    Total

    31.5131.6131.5031.4831.5331.6932.0632.5533.4034.5936.0437.7639.5941.0042.5946.7553.3056.3360.0564.3869.7175.9683.4888.2887.5287.4888.3190.2291.3493.7396.1698.4299.93

    100.00100.65101.89102.40101.46100.15100.49100.66100.66100.80101.36101.89102.20102.12102.16102.66102.49102.28101.89101.50101.37101.09100.65100.28100.0499.6498.9098.1297.21

    Struc-tures

    21.1621.1321.0121.1821.3821.6822.3123.1123.8425.0326.6828.4230.6132.8335.3840.2445.0347.2250.9556.3062.8868.6678.2284.4582.2382.9484.8686.4787.8592.1095.6198.78

    100.09100.00103.26107.00111.41114.33118.22102.15102.90103.56104.42105.46106.16107.37109.00110.26111.06111.83112.49113.08113.69114.84115.72116.66117.59118.83119.79120.58121.49121.85

    Pro-ducers'durableequip-ment

    39.7439.9939.9039.6639.5239.5039.5539.6740.5941.7042.8844.4845.8846.5147.3050.8558.5962.1965.9069.5974.1380.6786.6090.2490.5890.0490.1592.2493.2294.5996.4598.2399.84

    100.0099.5799.8699.0096.8093.8899.8099.7299.4599.3299.69

    100.15100.1499.4699.0899.4798.9898.4997.7797.0596.5295.8895.0194.2393.5492.7591.5790.3589.13

    Resi-dential

    21.4321.5821.6121.6521.4821.6522.2623.0723.8725.1426.8827.7429.3531.1433.8937.3940.8643.4947.9953.7259.7566.2271.6275.4577.1979.4181.4584.8788.3492.0695.0897.8098.85

    100.00103.71107.11110.90113.03115.96102.54103.41104.25104.64105.79106.36107.45108.83110.19110.68111.10111.64111.95112.41113.61114.14114.80115.35116.50117.20117.21117.71118.77

    See next page for continuation of table.

    336

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-7.Chain-type price indexes for gross domestic product, 195998Continued[Index numbers, 1992=100, except as noted; quarterly data seasonally adjusted]

    Year orquarter

    1959I960196119621963196419651966196719681969 :::19701971197219731974197519761977197819791980 ....198119821983198419851986198719881989199019911992199319941995 :::..:: :199619971993:1

    IIIllIV

    1994:1IIIllIV

    1995:1IIIllIV

    1996:1IIIllIV

    1997:1||IIIIV

    1998:1IIIll

    Exports andimports

    of goods andservices

    Exports

    28.7429.1029.5129.4829.4429.6430.6131.5532.8033.4834.5436.0437.2738.5043.7854.1159.7261.6264.1768.1676.4884.1790.3190.7691.3292.3089.8288.5490.9996.0097.9198.74100.31100.00100.07101.24103.39101.6099.5399.97100.22100.04100.03100.44100.99101.40102.11103.13103.99103.52102.92102.62102.19101.35100.26100.0199.7699.3698.9798.1397.6896.98

    Imports

    20.9421.1421.1420.8921.3021.7522.0522.5622.6523.0023.6024.9926.5328.4433.4448.0452.1353.6958.5462.6873.3991.4596.3993.1389.6488.9085.9985.9590.9995.3597.81100.37100.02100.0098.7599.39101.6199.3695.7298.8299.4598.5598.1997.6498.87100.34100.72101.09102.79101.78100.77100.3299.9498.6298.5597.4595.6695.1694.6292.0590.9889.87

    Government consumption expenditures andgross investment

    Total

    18.1018.3418.6619.1519.6120.1520.7321.5622.4723.7425.1927.2129.3331.4633.8837.4541.3643.9947.1150.2854.8260.8666.8471.3274.5178.2381.0182.6985.1587.3990.2194.0697.45100.00102.50104.85108.12110.80113.20101.71102.24102.77103.26103.95104.61105.07105.75107.00107.76108.34109.38110.53110.21110.86111.61112.67113.01113.24113.87114.17114.39114.82

    Federal

    Total

    18.6118.7519.0119.4219.9020.5821.1921.8922.5523.8425.1327.0829.4232.0034.5137.8941.9544.6348.1851.4756.1062.2068.3172.9476.0880.3682.7483.9685.2687.1889.7992.9296.88100.00102.51104.84108.17111.35113.58101.79101.94102.83103.48104.04104.97104.83105.53107.02107.39108.07110.21111.36110.76111.26112.00113.32113.57113.52113.91114.66114.66114.77

    Na-tionalde-fense

    18.1018.2018.3818.7419.1919.7720.4121.0721.7222.9224.1825.9428.2431.0133.6637.2441.1043.8547.2150.8255.8162.0568.2372.9676.2081.2383.5184.4985.6287.3089.7992.9296.47100.00101.77103.63106.48109.98112.00101.23101.39101.97102.48102.90103.65103.68104.31105.42105.97106.69107.83109.59109.52110.04110.79111.87112.01111.90112.23113.04113.12113.22

    Non-de-fense

    19.5119.8220.4821.1221.6722.7523.2224.0424.7226.3427.6530.3032.7134.5336.5439.3143.8446.3350.3452.8456.5862.3468.2672.5975.4477.5380.2082.1684.0486.7589.7092.8497.95100.00104.29107.70112.13114.57117.27103.15103.27104.89105.84106.73108.08107.57108.42110.78110.74111.33115.67115.46113.73114.19114.92116.72117.21117.32117.83118.46118.30118.44

    Stateandlocal

    17.4517.8218.2418.8319.2519.6320.1721.1422.3523.6025.2327.3129.2330.9733.3237.0040.8043.3846.1949.2653.7359.7065.5769.9373.1676.4079.5181.5985.0287.5290.5194.9197.86100.00102.49104.85108.09110.48112.96101.65102.44102.74103.13103.90104.39105.21105.89106.98107.98108.50108.89110.05109.89110.61111.37112.28112.68113.07113.83113.89114.23114.83

    Finalsalesof

    domes-tic

    product

    22.7923.1123.3823.6823.9724.3224.8025.5126.3427.5028.8030.3331.9133.2635.1538.2841.9044.3747.2550.7155.0660.1565.8270.0273.0075.7778.4380.5182.9886.0689.6993.6297.31100.00102.65105.11107.54109.59111.66101.85102.38102.84103.53104.17104.75105.41106.09106.75107.28107.78108.33108.94109.33109.83110.28111.04111.53111.87112.19112.45112.69112.99

    Gross domesticpurchases '

    Total

    22.4422.7523.0023.2823.5823.9424.3925.0725.8326.9528.2129.7331.3232.7134.6438.1741.7244.1547.1850.6555.2261.1066.7270.6473.3175.9078.3480.4083.1186.1389.7893.8397.30100.00102.48104.85107.28109.18110.92101.71102.28102.64103.28103.80104.46105.24105.88106.47107.11107.52107.99108.56108.94109.34109.90110.51110.76111.06111.34111.29111.42111.60

    Lessfoodand

    energy

    "69"0471.9974.6577.3080.1082.8886.0989.5693.3597.00100.00102.65105.16107.69109.35111.05101.82102.43102.88103.49104.10104.86105.50106.18106.83107.49107.95108.48108.92109.08109.48109.92110.52110.98111.23111.49111.69111.88112.09

    Grossna-

    tionalproduct

    22.9523.2723.5423.8524.1324.49249625.6826.4927.6528.9530.4932.0733.4335.3238.4842.1144.5847.4550.9155.2660.3766.0570.2273.2075.9778.5780.6283.0886.1289.7593.6697.33100.00102.64105.08107.49109.51111.51101.84102.37102.83103.51104.16104.73105.38106.05106.72107.24107.73108.27108.87109.24109.74110.17110.91111.39111.72112.04112.28112.51112.79

    Percent change2

    Grossdo-mes-tic

    prod-uct

    1.01.41?1.31.21.51.92.83.24.44.75.35.24.25.6899.45.86.5738.59.39.46.34.33.83.42.63.13.74.24.43.92.82.62.42.31.91.93.92.11.82.72.52.22.52.62.52.01.92.02.21.41.81.62.81.71.21.1.9.91.0

    Gross do-mesticpur-

    chases l

    Total

    1.01.41 11.21.31.6192.83.04.34.75.45.34.55.910?9.35.86.9749.0

    10.79.25.93.83.53.22.63.43.64.24.53.72.82.52.32.31.81.63.22.31.42.52.02.63.02.52.22.41.61.82.11.41.52.12.2.9

    1.11.0-.2.4.7

    Lessfoodanden-ergy

    '

    "4l3.73.53.63.53.94.04.23.93.12.72.42.41.51.63.52.41.82.42.43.02.52.62.52.51.71.91.7.61.51.62.21.7.91.0.7.7.7

    1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.

    Source: Department of Commerce, Bureau of Economic Analysis.

    337

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-8.Gross domestic product by major type of product, 1959-98[Billions of dollars; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    IIIllIV

    1994:1||I I IIV

    1995-.I||IIIIV

    1996:1||III . .. .IV

    1997:1IIIllIV

    1998-1IIIll

    Grossdomesticproduct

    507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

    1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35,049.65,438.75,743.85,916.76,244.46,558.16,947.07,269.67,661.68,110.96,444.56,509.16,574.66,704.26,794.36,911.46,986.57,095.77,170.87,210.97,304.87,391.97,495.37,629.27,703.47,818.47,955.08,063.48,170.88.254.58,384.28,440.68.537.9

    Finalsales ofdomes-

    ticproduct

    503.0523.3541.9579.1611.7658.0709.4774.0823.1901.4972.7

    1,033.41,116.91,227.41,365.21,482.81,636.91,802.02,003.82,264.22,540.62,791.93,087.83,256.63,519.43,835.04,154.54,412.64,668.15,038.75,407.05,735.85,919.06,237.46,537.66,885.77,238.97,629.58,043.56,413.86,494.76,560.66,681.36,741.96,835.16,936.37,029.67,111.87,185.67,287.77,370.47,479.17,600.67,653.67,784.67,895.27,979.98,116.28,182.68,288.78,401.38.480.9

    Changebusi-ness

    inven-tories

    4.23.22.96.15.75.09.7

    13.810.59.19.52.28.59.9

    17.514.1-6.316.923.127.216.9-7.628.2

    -14.5-4.967.526.2

    9.624.210.931.78.0

    -2.37.0

    20.561.230.732.167.430.714.514.022.952.476.350.266.259.025.317.121.516.328.549.833.859.783.554.671.995.539.257.0

    GoodsTotal

    Total

    252.0257.8260.4281.2292.7313.2342.9380.6394.5426.7455.8467.5493.2539.8619.2665.7718.1804.0883.7996.5

    1,115.21,191.11,342.61,333.21,426.91,607.01,669.81,720.61,804.81,942.92,124.02,203.82,234.02,321.02,422.12,581.42,675.62,812.42,978.52,388.32,408.72,412.02,479.62,531.22,568.62,582.82,643.02,662.22,643.72,678.12,718.42,754.92,804.52,832.32,858.12,927.72,967.02,998.93,020.53,101.33,064.53.085.9

    Finalsales

    247.8254.6257.5275.1287.1308.1333.3366.8384.0417.6446.2465.3484.7529.9601.8651.6724.5787.1860.6969.3

    1,098.31,198.71,314.51,347.71,431.81,539.61,643.61,711.01,780.61,932.02,092.32,195.82,236.32,314.02,401.62,520.22,644.92,780.32,911.12,357.52,394.22,398.02,456.72,478.82,492.42,532.62,576.92,603.22,618.42,661.02,696.92,738.62,775.92,782.52,824.32,868.02,883.62,944.32,948.73,005.83,025.33.029.0

    Changebusi-ness

    inven-tories

    4.23.22.96.15.75.09.7

    13.810.59.19.52.28.59.9

    17.514.1-6.316.923.127.216.9-7.628.2

    -14.5-4.967.526.2

    9.624.210.931.78.0

    -2.37.0

    20.561.230.732.167.430.714.514.022.952.476.350.266.259.025.317.121.516.328.549.833.859.783.554.671.995.539.257.0

    Durable goods

    Finalsales

    92.395.194.3

    104.5111.0120.5133.3149.0153.8167.8178.6180.2187.0209.3241.4256.7288.1322.5366.9416.9475.0502.9546.0544.4586.1655.1713.2741.3764.7837.0907.3935.7926.6965.9

    1,012.71,072.51,143.41,228.71,310.1

    980.81,014.91,009.41,045.91,052.31,062.11,082.31,093.41,116.41,126.51,155.81,174.81,201.51,225.11,232.81,255.71,275.51,293.61,337.11,334.31,376.91,380.81.373.0

    Changein

    busi-ness

    inven-tories

    3.11.7142.74.06.7

    10.25.54.66.3

    .03.27.2

    14.611.0-7.510.610.220.312.5-2.7

    7.5-15.5

    4.043.68.6

    .621.516.421.3

    2.5-16.6-10.9

    16.133.632.420.833.620.67.0

    14.222.529.040.529.335.647.527.725.129.214.618.442.7y7.331.848.819.934.049.94.5

    19.5

    Nondurable goods

    Finalsales

    155.5159.5163.2170.7176.1187.6199.9217.8230.2249.8267.6285.1297.7320.6360.3394.9436.4464.6493.7552.5623.3695.8768.4803.3845.7884.5930.4969.7

    1,015.91,095.01,185.01,260.11,309.71,348.11,388.91,447.61,501.51,551.61,601.01,376.71,379.31,388.61,410.81,426.51,430.21,450.31,483.51,486.81,491.81,505.21,522.21,537.11,550.91,549.71,568.61,592.41,589.91,607.21,614.41,628.81,644.41.655.9

    Changein

    busi-ness

    inven-tories

    1.11.63.02.73.01.03.03.65.04.53.22.25.32.72.93.11.26.3

    12.86.94.3

    -4.920.6

    1.0-8.923.917.69.02.8

    -5.510.55.6

    14.317.94.4

    27.7-1.611.433.810.17.4-.2

    .423.435.820.930.611.5-2.4-S.O-7.7

    1.710.17.1

    26.527.934.634.737.945.634.737.5

    Serv-ices

    192.7206.8220.8236.1252.0271.4291.5319.2349.5383.9418.2458.5503.8550.5600.5665.6745.8823.8916.4

    1,023.11,131.71,274.11,423.31,566.91,720.91,871.82,054.62,224.22,398.22,600.02,795.33,016.93,201.33,411.13,589.53,772.33,974.94,179.54,414.13,527.43,561.83,612.43,656.13,695.13,749.63,800.83,843.93,893.53,955.64,006.74,043.84,096.74,157.34,196.14,267.74,320.24,386.94,448.04,501.24,538.44,619.54.678.5

    Struc-tures

    62.561.963.667.872.778,484.788.089.6

    100.0108.3109.7128.4146.9162.9165.6166.7191.2226.8271.8310.6319.1350.0342.0366.8423.6456.3477.4489.3506.7519.4523.1481.4512.3546.5593.2619.1669.7718.3528.8538.6550.2568.5568.0593.1602.9608.8615.1611.7620.0629.7643.7667.4675.0692.6707.1709.4723.9723.7744.6756.6773.5

    Source: Department of Commerce, Bureau of Economic Analysis.

    338

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-9.Real gross domestic product by major type of product, 1959-98[Billions of chained (1992) dollars; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    19591960196119621963196419651966 ..19671968 ...1969 '.".'.1970197119721973197419751976197719781979 . .1980198119821983198419851986198719881989199019911992199319941995199619971993:1II

    IIIIV

    1994:1III l lIV

    1995-1III l lIV

    1996:1||II IIV

    1997:1||IllIV

    1998:1||III .'.

    Grossdomesticproduct

    2,210.22,262.92,314.32,454.82,559.42,708.42,881.13,069.23,147.23,293.93,393.63,397.63,510.03,702.33,916.33,891.23,873.94,082.94,273.64,503.04,630.64,615.04,720.74,620.34,803.75,140.15,323.55,487.75,649.55,865.26,062.06,136.36,079.46,244.46,389.66,610.76,761.76,994.87,269.86,327.96,359.96,393.56,476.96,524.56,600.36,629.56,688.66,717.56,724.26,779.56,825.86,882.06,983.97,020.07,093.17,166.77,236.57,311.27,364.67,464.77,498.67,566.5

    Finalsales ofdomes-

    ticproduct

    2,206.92,264.22,318.02,445.42,552.42,705.12,860.43,033.53,125.13,278.03,377.23,406.53,499.83,689.53,883.93,873.43,906.44,061.74,240.84,464.44,614.44,641.94,691.64,651.24,821.25,061.65,296.95,480.95,626.05,855.16,028.76,126.76,082.66,237.46,368.96,551.26,731.76,961.67,203.76,297.36,344.96,379.36,453.86,473.06,526.76,580.46,624.86,661.86,700.06,761.76,803.36,863.66,954.76,970.37,057.97,108.17,155.57,256.37,294.87,372.57,456.47,507.6

    Changein

    busi-ness

    inven-tories

    13.210.58.6

    19.517.815.630.342.432.026.927.05.4

    22.324.737.723.4

    -10.229.838.843.323.4

    -10.233.1

    -15.6-5.775.330.211.126.411.733.310.4-3.0

    7.022.160.627.730.063.232.316.615.324.253.175.949.763.654.321.714.720.114.426.147.532.156.379.051.066.591.438.255.7

    GoodsTotal

    Total

    785.2796.8799.4857.8886.4940.8

    1,017.81,106.91,120.21,170.81,204.71,188.81,216.81,305.91,424.51,403.11,380.21,479.51,555.11,652.01,706.01,689.71,761.81,681.01,748.91,926.41,966.12,018.82,077.92,181.02,301.82,304.82,262.72,321.02,391.52,514.22,591.02,708.82,867.92,363.62,383.22,382.72,436.52,476.72,508.62,508.42,563.12,580.72,561.42,592.12,629.82,653.72,699.72,728.22,753.52,811.62,852.62.8S0.22,917.03,000.82,969.72,955.0

    Finalsales

    1,706.71,762.61,853.31,940.62,011.72,055.02,171.02,269.22,295.42,265.92,314.02,370.72,453.92,561.12,675.62,799.72,332.92,368.12,368.62,413.22,424.52,433.82,458.92,498.42,524.32,537.52,574.92,607.72,636.12,670.82,677.52,718.22,751.42,768.72,834.02,844.82,904.32,927.72,934.8

    Changein

    busi-ness

    inven-tories

    -15.6-5.775.330.211.126.411.733.310.4-3.0

    7.022.160.627.730.063.232.316.615.324.253.175.949.763.654.321.714.720.114.426.147.532.156.379.051.066.591.438.255.7

    Durable goods

    Finalsales

    604.4637.6703.1758.2793.6819.8897.0951.9963.9934.2965.9

    1,007.01,056.71,135.61,227.71,331.9

    977.31,009.01,003.41,038.21,040.41,044.71,062.11,079.41,103.51,117.71,151.41,169.91,193.41,225.71,233.91,257.61,279.21,311.21,365.81,371.41,420.41,434.11,438.2

    Changein

    busi-ness

    inven-tories

    -17.84.9

    49.710.0

    .923.517.622.42.7

    -16.6-10.9

    15.832.330.419.531.620.77.0

    13.821.928.039.128.233.844.626.023.527.613.717.340.17.0

    29.845.818.732.247.3

    4.218.5

    Nondurable goods

    Finalsales

    1,122.61,142.61,160.91,189.01,223.51,239.21,274.81,317.21,331.31,331.81,348.11,363.81,397.51,426.81,451.51,475.11,355.61,359.21,365.21,375.31,384.31,389.31,397.21,419.31,421.51,420.71,425.21,439.81,445.31,448.51,447.31,464.81,476.91,463.91,477.11,482.41,495.21,505.41,508.3

    Changein

    busi-ness

    inven-tories

    2.0-10.3

    26.120.110.32.4

    -6.111.07.6

    13.417.96.2

    28.2-3.010.531.511.69.71.42.1

    25.036.821.429.7

    9.4-4.6-9.1-7.8

    .78.87.5

    25.126.433.232.334.244.134.137.4

    Serv-ices

    1,115.31,167.11,219.91,277.51,336.91,406.31,472.51,557.81,639.41,712.01,774.11,824.01,875.81,936.12,004.42,063.32,123.52,182.92,250.52,334.32,391.32,441.42,475.82,518.72,598.42,678.02,797.82,903.23,011.63,128.63,208.53,295.43,332.33,411.13,469.53,542.93,615.73,701.73,798.73,447.03,454.13,480.43,496.43,510.43,533.93,559.73,567.73,580.43,611.93,633.03,637.53,660.13,698.13,706.33,742.23,752.33,784.93,816.43,841.13,854.83,907.33,940.1

    Struc-tures

    299.4296.5304.7322.2343.9367.0385.4385.9380.2403.6408.8391.1427.4459.0469.0420.5382.3418.3458.7498.1511.7475.9468.8428.5460.7523.1550.3558.4554.6550.8546.0533.3484.5512.3528.7554.9557.3588.5612.5517.5522.8530.3544.5538.6559.0562.1560.1558.7552.2556.4561.8571.6589.8590.6602.2610.3607.9614.6617.2625.2632.1641.7

    Source: Department of Commerce, Bureau of Economic Analysis.

    339

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-10.Gross domestic product by sector, 1959-98[Billions of dollars; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I96019611962 ..:.::19631964 """'. '...'.1965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971993:1

    II .I l lIV

    1994-1IIIll .. .IV

    1995:1||I I IIV

    1996-1 .II .. ..IllIV

    1997:1I IIllIV

    1998-1||I I I

    Grossdomes-

    ticproduct

    507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

    1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35.049.65,438.75,743.85,916.76,244.46,558.16,947.07,269.67,661.68,110.96,444.56,509.16,574.66,704.26,794.36,911.46,986.57,095.77,170.87,210.97,304.87,391.97,495.37,629.27,703.47,818.47,955.08,063.48,170.88,254.58,384.28,440.68,537.9

    Business l

    Total

    436.9451.1464.9499.5525.9564.7613.8670.4703.7766.1823.3860.3933.9

    1,028.31,154.61,246.01,351.51,516.01,697.51,931.92,164.12,346.32,631.82,714.72,950.03,289.63,520.23,716.73,933.14,233.44,563.74,796.94,908.55,184.45,453.15,801.66,080.66,432.96,836.55,353.05,409.65,463.75,586.15,663.05,769.95,837.05,936.35,994.76,025.76,111.66,190.46,281.36,404.76,470.06,575.76,695.46,792.96,890.96,967.07,083.17,126.37,209.5

    Nonfarm l

    Total1

    418.0431.3444.8479.3505.5545.5591.9647.5681.5743.4798.1834.1905.8995.6

    1,104.91,198.61,302.71,469.61,650.31,877.12,099.72,290.22,561.92,649.52,900.83,221.13,453.13,653.73,868.04,169.64,487.54,717.34,835.65,103.85,380.15,718.16,008.36,341.36,746.35,282.05,333.45,398.65,506.25,572.35,684.95,756.25,858.85,923.05,955.86,042.46,112.16,195.06,311.06,373.66,485.56,605.06,700.66,799.76,880.06,999.37,041.47,126.3

    Nonfarmless

    housing382.4392.7403.4434.7458.1495.3538.4590.6620.6678.6728.2759.2824.1906.9

    1,007.91,092.81,188.41,344.61,510.91,721.31,923.62,085.02,326.62,390.02,624.12,918.63,121.13,295.23,481.63,750.44,036.14,234.14,325.74,560.64,822.95,123.65,378.85,679.26,047.24,725.64,778.74,841.54,945.94,984.55r101.65,158.05,250.45,304.05,329.25,413.85,468.25,547.75,655.25,706.35,807.75,917.06,004.46,096.86,170.66,285.46,315.06,387.1

    Hous-ing

    35.638.641.444.647.450.253.557.060.864.869.974.981.788.796.9

    105.9114.3125.0139.4155.8176.1205.1235.3259.5276.7302.5332.0358.5386.4419.2451.4483.2509.9543.2557.1594.4629.6662.1699.1556.5554.7557.1560.3587.8583.3598.2608.4619.0626.7628.6644.0647.2655.9667.3677.8688.0696.2702.9709.4713.9726.4739.2

    Farm

    18.919.820.120.220.419.321.922.922.222.725.226.228.132.649.847.448.846.447.254.764.556.169.965.149.268.567.163.065.163.876.279.672.980.673.083.572.391.690.271.076.265.179.990.785.080.877.571.769.969.378.286.393.796.390.290.492.291.287.083.884.983.2

    Households and institutions

    Total

    12.413.914.515.616.717.919.321.323.426.129.532.435.639.043.047.252.057.162.469.877.387.197.6

    108.2119.2131.2140.9153.7173.3195.1214.6237.9257.4279.1296.5312.7331.4345.0361.4290.1294.5298.9302.4305.9309.6314.9320.5325.4329.9333.2337.0339.6343.0346.5351.0355.4359.8363.5366.9371.1377.9383.9

    Privatehouse-holds

    3.63.83.73.83.83.94.04.04.24.44.44.54.64.64.84.64.65.45.96.56.46.16.26.36.37.37.37.77.78.38.99.49.1

    10.110.711.011.811.912.010.510.610.710.810.810.911.111.311.611.811.912.011.911.912.012.012.012.012.012.011.812.012.2

    Non-profit

    institu-tions

    8.910.110.711.812.814.015.317.219.221.725.027.931.134.338.242.647.451.756.563.271.081.091.5

    102.0112.9123.9133.6145.9165.6186.8205.7228.5248.3269.0285.8301.7319.5333.1349.4279.6283.9288.2291.6295.1298.7303.8309.2313.8318.2321.3325.0327.7331.1334.6339.1343.4347.8351.5355.0359.2365.9371.7

    General government2

    Total

    57.961.565.570.174.880.486.096.1

    106.5118.4129.5142.9155.9170.1185.0203.7227.1245.8266.9289.7316.0350.8386.4419.2445.3481.7519.6551.9586.0621.0660.3709.0750.7781.0808.5832.7857.6883.6912.9801.4805.0812.0815.7825.4831.8834.7838.9850.7855.2860.0864.5874.5881.5886.9891.7904.2910.7916.3920.5930.1936.3944.5

    Federal

    31.832.934.236.338.140.542.347.151.656.560.264.368.273.176.983.591.797.9

    106.1113.8122.3135.6151.0164.0173.5190.8203.6211.1221.3230.0240.5252.7268.1274.4276.9275.2275.4279.2281.3278.9276.2277.2275.3277.5277.7273.6272.0276.3275.1275.8274.6279.2279.9279.6278.3282.9282.4281.0278.8282.1281.2281.8

    Stateandlocal

    26.128.631.333.836.740.043.749.054.961.969.378.787.796.9

    108.1120.3135.4147.9160.9175.9193.7215.2235.4255.2271.8290.9316.0340.7364.7391.0419.8456.3482.6506.6531.6557.5582.2604.4631.7522.5528.9534.8540.4547.8554.1561.1566.9574.4580.1584.2590.0595.3601.6607.3613.4621.3628.3635.3641.7648.0655.2662.6

    1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-

    ment. Nonfarm product equals gross domestic business product less gross farm product.2 Equals compensation of general government employees plus general government consumption of fixed capital.

    Source: Department of Commerce, Bureau of Economic Analysis.

    340

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • TABLE B-ll.Real gross domestic product by sector, 1959-98[Billions of chained (1992) dollars; quarterly data at seasonally adjusted annual rates]

    Year orquarter

    1959I9601961196219631964196519661967196819691970197119721973 .. ..1974197519761977197819791980 . ..19811982198319841985198619871988198919901991199219931994199519961997 . ...1993:1

    IIIllIV

    1994-1 .III l lIV

    1995:1itIllIV

    1996:1IIIllIV

    1997:1I IIllIV

    1998:1III l l

    Grossdomesticproduct

    2,210.22,262.92,314.32,454.82,559.42,708.42,881.13,069.23,147.23,293.93,393.63,397.63,510.03,702.33,916.33,891.23,873.94,082.94,273.64,503.04,630.64,615.04,720.74,620.34,803.75,140.15,323.55,487.75,649.55,865.26,062.06,136.36,079.46,244.46,389.66,610.76,761.76,994.87,269.86,327.96,359.96,393.56,476.96,524.56,600.36,629.56,688.66,717.56,724.26,779.56,825.86,882.06,983.97,020.07,093.17,166.77,236.57,311.27,364.67,464.77,498.67,566.5

    Business J

    Total

    1,721.71,758.21,795.81,911.71,997.72,122.62,268.82,419.32,470.52,590.42,670.82,673.92,777.32,958.23,159.13,125.43,100.13,298.23,475.83,687.83,804.83,779.93,878.43,772.73,946.54,266.04,425.44,563.04,699.84,882.25,049.45,097.05,026.45,184.45,317.25,530.65,677.45,903.56,164.95,260.65,287.95,318.55,401.95,447.55,520.75,547.55,606.65,633.35,638.15,693.45,745.15,801.15,889.65,925.35,997.96,067.96,133.36,203.06,255.66,352.36,382.66,445.9

    Nonfarm *

    Total1

    1,677.41,710.81,748.51,868.01,953.42,083.22,227.72,383.82,430.52,555.02,634.62,635.12,736.52,920.63,127.53,095.63,050.33,256.43,431.83,652.23,763.23,741.43,816.73,705.93,916.34,211.84,357.84,499.04,635.14,826.94,984.95,026.54,954.95,103.85,246.25,446.05,604.95,824.36,074.35,186.75,213.45,257.15,327.65,361.75,435.85,461.65,524.85,557.45,564.25,624.95,673.15,724.35,810.85,846.05,916.15,979.76,042.36,109.26,165.86,260.46,290.56,351.8

    Nonfarmless

    housing1,524.71,548.31,576.81,685.11,760.91,881.42,014.42,159.82,195.92,310.92,380.02,373.62,464.32,634.32,827.32,781.62,733.92,929.73,093.73,295.23,388.43,346.23,406.83,291.93,497.03,774.73,906.24,039.34,161.04,335.84,477.94,510.54,428.14,560.64,704.14,883.35,027.55,236.05,470.54,640.54,672.54,716.54,787.14,799.84,881.54,897.14,954.94,982.34,986.85,050.65,090.35,143.15,225.95,255.05,319.95,379.25,438.95,504.45,559.65,655.95,680.55,736.1

    Hous-ing

    149.8160.0169.4180.4189.9198.9210.0220.3231.2240.3251.1258.7269.3282.7295.9311.7315.4323.4333.6351.7370.7395.6411.6418.7421.3437.5451.9459.7473.9491.0506.8515.9526.8543.2542.1562.7577.4588.7604.5546.2541.0540.6540.6561.9554.4564.5569.8575.0577.3574.5582.9581.5585.4591.4596.6601.0604.0605.6607.3606.2611.5617.3

    Farm

    33.735.335.634.935.934.636.535.437.736.537.538.740.440.440.339.346.444.747.044.948.346.760.062.640.256.766.964.265.358.265.970.871.680.671.085.072.078.690.374.074.761.074.486.385.486.481.975.673.467.971.376.278.278.581.387.990.793.788.891.191.493.6

    Households and institutions

    Total

    105.0112.1113.1117.2120.1123.4127.9132.6136.9141.0145.5144.0147.2151.4154.9156.1161.2163.0167.5170.3173.7178.7182.7188.0192.3197.1203.4213.5224.1240.6253.4264.1272.1279.1290.1297.9304.8311.8321.5284.6289.4292.5293.9294.9296.9298.8301.0302.7304.1305.4307.0308.5310.8312.7315.0317.5320.2323.1325.1326.7327.7329.4

    Privatehouse-holds

    18.518.618.117.917.717.516.916.316.315.514.713.813.112.712.410.710.110.410.510.89.48.37.87.67.68.78.79.08.99.5

    10.110.29.4

    10.110.310.410.810.510.210.310.410.310.310.310.310.410.510.710.810.910.810.710.610.510.410.410.310.210.09.89.9

    10.0

    Non-profit

    institu-tions

    78.685.987.892.395.699.4

    105.0110.9115.2120.6126.5126.4130.6135.4139.6143.2149.2150.6155.0157.5163.1169.8174.7180.4184.8188.2194.6204.3215.2231.0243.3253.8262.6269.0279.8287.5294.0301.3311.3274.2279.0282.2283.6284.6286.6288.4290.5292.1293.3294.5296.2297.9300.23