TABLE B–1.—Gross domestic product, 1959–2004 [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates] Personal consumption expenditures Gross domestic product Fixed investment Total Durable goods Nondurabl e goods Nonresidential Services Total Total Total 46.5 49.4 48.8 53.1 56.0 63.0 74.8 85.4 86.4 93.4 104.7 109.0 114.1 128.8 153.3 169.5 173.7 192.4 228.7 280.6 333.9 362.4 420.0 426.5 417.2 489.6 526.2 519.8 524.1 563.8 607.7 622.4 598.2 612.1 666.6 731.4 810.0 875.4 968.7 1,052.6
Gross private domestic in
Year or quarter
1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
506.6 526.4 544.7 585.6 617.7 663.6 719.1 787.8 832.6 910.0 984.6 1,038.5 1,127.1 1,238.3 1,382.7 1,500.0 1,638.3 1,825.3 2,030.9 2,294.7 2,563.3 2,789.5 3,128.4 3,255.0 3,536.7 3,933.2 4,220.3 4,462.8 4,739.5 5,103.8 5,484.4 5,803.1 5,995.9 6,337.7 6,657.4 7,072.2 7,397.7 7,816.9 8,304.3 8,747.0
317.6 331.7 342.1 363.3 382.7 411.4 443.8 480.9 507.8 558.0 605.2 648.5 701.9 770.6 852.4 933.4 1,034.4 1,151.9 1,278.6 1,428.5 1,592.2 1,757.1 1,941.1 2,077.3 2,290.6 2,503.3 2,720.3 2,899.7 3,100.2 3,353.6 3,598.5 3,839.9 3,986.1 4,235.3 4,477.9 4,743.3 4,975.8 5,256.8 5,547.4 5,879.5
42.7 43.3 41.8 46.9 51.6 56.7 63.3 68.3 70.4 80.8 85.9 85.0 96.9 110.4 123.5 122.3 133.5 158.9 181.2 201.7 214.4 214.2 231.3 240.2 280.8 326.5 363.5 403.0 421.7 453.6 471.8 474.2 453.9 483.6 526.7 582.2 611.6 652.6 692.7 750.2
148.5 152.8 156.6 162.8 168.2 178.6 191.5 208.7 217.1 235.7 253.1 272.0 285.5 308.0 343.1 384.5 420.7 458.3 497.1 550.2 624.5 696.1 758.9 787.6 831.2 884.6 928.7 958.4 1,015.3 1,083.5 1,166.7 1,249.9 1,284.8 1,330.5 1,379.4 1,437.2 1,485.1 1,555.5 1,619.0 1,683.6
126.5 135.6 143.8 153.6 162.9 176.1 189.0 203.8 220.3 241.6 266.1 291.5 319.5 352.2 385.8 426.6 480.2 534.7 600.2 676.6 753.3 846.9 950.8 1,049.4 1,178.6 1,292.2 1,428.1 1,538.3 1,663.3 1,816.5 1,960.0 2,115.9 2,247.4 2,421.2 2,571.8 2,723.9 2,879.1 3,048.7 3,235.8 3,445.7
78.5 78.9 78.2 88.1 93.8 102.1 118.2 131.3 128.6 141.2 156.4 152.4 178.2 207.6 244.5 249.4 230.2 292.0 361.3 438.0 492.9 479.3 572.4 517.2 564.3 735.6 736.2 746.5 785.0 821.6 874.9 861.0 802.9 864.8 953.4 1,097.1 1,144.0 1,240.3 1,389.8 1,509.1
74.6 75.7 75.2 82.0 88.1 97.2 109.0 117.7 118.7 132.1 147.3 150.4 169.9 198.5 228.6 235.4 236.5 274.8 339.0 412.2 474.9 485.6 542.6 532.1 570.1 670.2 714.4 739.9 757.8 803.1 847.3 846.4 803.3 848.5 932.5 1,033.3 1,112.9 1,209.5 1,317.8 1,438.4
1999 2000 2001 2002 2003 2004
p
9,268.4 9,817.0 10,128.0 10,487.0 11,004.0 11,728.0 9,629.4 9,822.8 9,862.1 9,953.6 10,021.5 10,128.9 10,135.1 10,226.3 10,338.2 10,445.7 10,546.5 10,617.5 10,744.6 10,884.0 11,116.7 11,270.9 11,472.6 11,657.5 11,814.9
p
6,282.5 6,739.4 7,055.0 7,376.1 7,760.9 8,231.1 6,613.9 6,688.1 6,783.9 6,871.6 6,955.8 7,017.5 7,058.5 7,188.4 7,236.9 7,339.3 7,428.0 7,500.0 7,609.8 7,696.3 7,822.5 7,914.9 8,060.2 8,153.8 8,282.5 8,428.1
817.6 863.3 883.7 916.2 950.7 995.7 876.9 854.2 861.3 860.9 872.1 864.7 865.1 932.8 903.5 907.5 932.8 920.8 912.1 946.8 972.7 971.1 976.3 975.5 1,007.0 1,023.9
1,804.8 1,947.2 2,017.1 2,080.1 2,200.1 2,376.5 1,894.2 1,938.3 1,965.8 1,990.5 2,000.0 2,016.6 2,024.2 2,027.5 2,046.8 2,077.7 2,081.3 2,114.6 2,167.5 2,163.6 2,219.2 2,250.1 2,316.6 2,354.6 2,387.2 2,447.6
3,660.0 3,928.8 4,154.3 4,379.8 4,610.1 4,859.0 3,842.8 3,895.6 3,956.7 4,020.3 4,083.7 4,136.2 4,169.1 4,228.0 4,286.5 4,354.0 4,413.9 4,464.7 4,530.2 4,585.9 4,630.6 4,693.6 4,767.3 4,823.8 4,888.2 4,956.5
1,625.7 1,735.5 1,614.3 1,579.2 1,665.8 1,922.4 1,672.3 1,781.7 1,749.0 1,738.9 1,675.3 1,647.7 1,613.0 1,521.4 1,568.5 1,577.0 1,581.3 1,589.9 1,596.6 1,611.1 1,696.6 1,758.8 1,819.7 1,920.7 1,947.0 2,002.2
1,558.8 1,679.0 1,646.1 1,568.0 1,667.0 1,879.3 1,642.4 1,685.4 1,690.6 1,697.5 1,685.2 1,654.7 1,644.8 1,599.6 1,577.4 1,563.0 1,562.2 1,569.5 1,586.0 1,626.4 1,700.2 1,755.2 1,783.5 1,861.7 1,915.4 1,956.6
1,133.9 1,232.1 1,176.8 1,063.9 1,094.7 1,217.6 1,193.9 1,236.5 1,247.5 1,250.3 1,229.6 1,187.1 1,167.2 1,123.2 1,091.4 1,061.2 1,055.0 1,048.1 1,046.4 1,072.7 1,113.3 1,146.3 1,158.8 1,198.5 1,238.5 1,274.7
2000: I II III IV 2001: I II III IV 2002: I II III IV 2003: I II III IV 2004: I II III IV See next page for continuation of table.
11,967.0
annual rates] Gross private domestic investment Fixed investment Nonresidential Change in Equipment Residentia private Structure inventories l and s software 18.1 28.4 28.1 3.9 19.6 19.7 20.8 21.2 23.7 28.3 31.3 31.5 33.6 37.7 40.3 42.7 47.2 55.0 61.2 61.4 65.9 74.6 93.6 117.7 136.2 167.3 177.6 154.3 177.4 194.5 176.5 174.2 182.8 193.7 202.9 183.6 172.6 177.2 186.8 207.3 224.6 250.3 275.2 29.8 29.1 32.3 34.8 39.2 46.5 54.0 54.9 59.9 67.0 68.7 71.5 81.7 98.3 108.2 112.4 126.4 154.1 187.0 216.2 226.2 252.7 248.9 262.9 312.2 331.7 343.3 349.9 381.0 414.0 419.5 414.6 439.6 489.4 544.6 602.8 650.8 718.3 777.3 26.3 26.4 29.0 32.1 34.3 34.2 32.3 32.4 38.7 42.6 41.4 55.8 69.7 75.3 66.0 62.7 82.5 110.3 131.6 141.0 123.2 122.6 105.7 152.9 180.6 188.2 220.1 233.7 239.3 239.5 224.0 205.1 236.3 266.0 301.9 302.8 334.1 349.1 385.8 3.2 3.0 6.1 5.6 4.8 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 21.8 6.6 27.1 18.5 27.7 14.5 -0.4 16.3 20.8 63.8 31.1 30.8 72.0 70.8
282.2 313.2 322.6 271.6 261.6 277.0 295.2 310.4 321.1 326.0 323.9 325.7 335.8 305.2 290.0 273.4 262.7 260.1 253.6 262.3 262.3 268.2 266.0 275.5 281.2 285.2
851.7 918.9 854.2 792.4 833.1 940.7 898.7 926.1 926.5 924.2 905.7 861.4 831.4 818.1 801.4 787.8 792.3 788.0 792.8 810.4 851.1 878.1 892.8 923.1 957.3 989.6
424.9 446.9 469.3 504.1 572.3 661.7 448.5 448.8 443.1 447.2 455.6 467.6 477.6 476.3 486.0 501.8 507.2 521.4 539.6 553.8 586.9 609.0 624.6 663.2 677.0 681.9
66.9 56.5 -31.7 11.2 -1.2 43.1 29.9 96.3 58.4 41.4 -9.9 -7.0 -31.8 -78.2 -8.9 14.0 19.1 20.4 10.6 -15.3 -3.7 3.5 36.2 59.0 31.6 45.5
TABLE B–1.—Gross domestic product, 1959–2004— Continued [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates] Net exports of goods and services Year or quarter Net exports 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 0.4 4.2 4.9 4.1 4.9 6.9 5.6 3.9 3.6 1.4 1.4 4.0 0.6 -3.4 4.1 -0.8 16.0 -1.6 -23.1 -25.4 -22.5 -13.1 -12.5 -20.0 -51.7 -102.7 -115.2 -132.7 -145.2 -110.4 -88.2 -78.0 -27.5 -33.2 -65.0 -93.6 -91.4 -96.2 -101.6 -159.9 Exports 22.7 27.0 27.6 29.1 31.1 35.0 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 138.7 149.5 159.4 186.9 230.1 280.8 305.2 283.2 277.0 302.4 302.0 320.5 363.9 444.1 503.3 552.4 596.8 635.3 655.8 720.9 812.2 868.6 955.3 955.9 Imports 22.3 22.8 22.7 25.0 26.1 28.1 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 417.2 453.3 509.1 554.5 591.5 630.3 624.3 668.6 720.9 814.5 903.6 964.8 1,056.9 1,115.9 Total 110.0 111.6 119.5 130.1 136.4 143.2 151.5 171.8 192.7 209.4 221.5 233.8 246.5 263.5 281.7 317.9 357.7 383.0 414.1 453.6 500.8 566.2 627.5 680.5 733.5 797.0 879.0 949.3 999.5 1,039.0 1,099.1 1,180.2 1,234.4 1,271.0 1,291.2 1,325.5 1,369.2 1,416.0 1,468.7 1,518.3 Total 65.4 64.1 67.9 75.3 76.9 78.5 80.4 92.5 104.8 111.4 113.4 113.5 113.7 119.7 122.5 134.6 149.1 159.7 175.4 190.9 210.6 243.8 280.2 310.8 342.9 374.4 412.8 438.6 460.1 462.3 482.2 508.3 527.7 533.9 525.2 519.1 519.2 527.4 530.9 530.4 Government consumption expenditures and gross investment Federal National Nondefens defense e 53.8 11.5 53.4 56.5 61.1 61.0 60.3 60.6 71.7 83.5 89.3 89.5 87.6 84.6 87.0 88.2 95.6 103.9 111.1 120.9 130.5 145.2 168.0 196.3 225.9 250.7 281.6 311.2 330.9 350.0 354.9 362.2 374.0 383.2 376.9 362.9 353.7 348.7 354.6 349.6 345.7 10.7 11.4 14.2 15.9 18.2 19.8 20.8 21.3 22.1 23.8 25.8 29.1 32.7 34.3 39.0 45.1 48.6 54.5 60.4 65.4 75.8 84.0 84.9 92.3 92.8 101.6 107.8 110.0 107.4 120.0 134.3 144.5 157.0 162.4 165.5 170.5 172.8 181.3 184.7
1999 2000 2001 2002 2003 2004
p
-260.5 -379.5 -367.0 -424.9 -498.1 -609.3 -346.4 -366.9 -400.7 -403.9 -392.9 -361.7 -361.9 -351.6 -376.3 -415.4 -431.1 -476.6 -503.3 -497.6 -488.8 -502.8 -546.8 -591.3 -611.8
p
991.2 1,096.3 1,032.8 1,005.0 1,046.2 1,170.2 1,055.1 1,091.8 1,122.4 1,115.8 1,100.7 1,060.5 1,003.5 966.6 975.0 1,008.1 1,023.4 1,013.5 1,019.8 1,018.1 1,047.7 1,099.2 1,134.3 1,167.6 1,189.5 1,189.6
1,251.7 1,475.8 1,399.8 1,429.9 1,544.3 1,779.6 1,401.5 1,458.7 1,523.1 1,519.7 1,493.7 1,422.2 1,365.3 1,318.2 1,351.3 1,423.5 1,454.5 1,490.1 1,523.0 1,515.7 1,536.4 1,602.0 1,681.2 1,758.9 1,801.2 1,877.1
1,620.8 1,721.6 1,825.6 1,956.6 2,075.5 2,183.8 1,689.6 1,720.0 1,729.9 1,746.9 1,783.3 1,825.4 1,825.6 1,868.2 1,909.2 1,944.9 1,968.3 2,004.2 2,041.4 2,074.2 2,086.4 2,100.0 2,139.5 2,174.3 2,197.2 2,224.3
555.8 578.8 612.9 680.8 752.2 810.0 565.3 586.6 581.2 582.0 596.2 610.9 614.3 630.1 654.2 676.6 684.4 708.2 723.4 761.1 756.7 767.5 793.3 804.4 817.4 824.8
360.6 370.3 392.6 437.4 496.4 548.1 360.9 375.2 371.3 373.8 383.5 388.3 393.0 405.6 418.5 431.7 438.5 461.0 467.4 506.7 498.1 513.6 534.1 541.2 557.0 559.9
195.2 208.5 220.3 243.4 255.7 261.9 204.4 211.4 209.9 208.2 212.7 222.6 221.3 224.5 235.8 244.9 245.9 247.2 256.0 254.4 258.7 253.9 259.1 263.2 260.4 264.9
2000: I II III IV 2001: I II III IV 2002: I II III IV 2003: I II III IV 2004: I II III IV
1 2
-687.5
Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.
GDP plus net income receipts from rest of the world. Source: Department of Commerce, Bureau of Economic Analysis.
004— Continued
nally adjusted annual rates] Percent change from Gross Addendum Final sales preceding period domestic : Gross of Gross domestic purchases national Gross State 1 product product 2 domestic domestic and local product purchases 44.7 47.5 51.6 54.9 59.5 64.8 71.0 79.2 87.9 98.0 108.2 120.3 132.8 143.8 159.2 183.4 208.7 223.3 238.7 262.6 290.2 322.4 347.3 369.7 390.5 422.6 466.2 510.7 539.4 576.7 616.9 671.9 706.7 737.0 766.0 806.3 850.0 888.6 937.8 987.9 502.7 523.2 541.7 579.5 612.1 658.8 709.9 774.2 822.7 900.9 975.4 1,036.5 1,118.9 1,229.2 1,366.8 1,486.0 1,644.6 1,808.2 2,008.6 2,268.9 2,545.3 2,795.8 3,098.6 3,269.9 3,542.4 3,867.8 4,198.4 4,456.3 4,712.3 5,085.3 5,456.7 5,788.5 5,996.3 6,321.4 6,636.6 7,008.4 7,366.5 7,786.1 8,232.3 8,676.2 506.2 522.2 539.8 581.5 612.8 656.7 713.5 783.9 829.0 908.6 983.2 1,034.6 1,126.5 1,241.7 1,378.6 1,500.8 1,622.4 1,826.9 2,054.0 2,320.1 2,585.9 2,802.6 3,141.0 3,275.0 3,588.3 4,035.9 4,335.5 4,595.6 4,884.7 5,214.2 5,572.5 5,881.1 6,023.4 6,371.0 6,722.4 7,165.8 7,489.0 7,913.1 8,405.9 8,906.9 509.3 529.5 548.2 589.7 622.2 668.5 724.4 792.9 838.0 916.1 990.7 1,044.9 1,134.7 1,246.8 1,395.3 1,515.5 1,651.3 1,842.1 2,051.2 2,316.3 2,595.3 2,823.7 3,161.4 3,291.5 3,573.8 3,969.5 4,246.8 4,480.6 4,757.4 5,127.4 5,510.6 5,837.9 6,026.3 6,367.4 6,689.3 7,098.4 7,433.4 7,851.9 8,337.3 8,768.3 8.4 3.9 3.5 7.5 5.5 7.4 8.4 9.5 5.7 9.3 8.2 5.5 8.5 9.9 11.7 8.5 9.2 11.4 11.3 13.0 11.7 8.8 12.2 4.0 8.7 11.2 7.3 5.7 6.2 7.7 7.5 5.8 3.3 5.7 5.0 6.2 4.6 5.7 6.2 5.3
1
xpenditures and gross ent
8.5 3.2 3.4 7.7 5.4 7.2 8.6 9.9 5.8 9.6 8.2 5.2 8.9 10.2 11.0 8.9 8.1 12.6 12.4 13.0 11.5 8.4 12.1 4.3 9.6 12.5 7.4 6.0 6.3 6.7 6.9 5.5 2.4 5.8 5.5 6.6 4.5 5.7 6.2 6.0
1,065.0 1,142.8 1,212.8 1,275.8 1,323.3 1,373.9 1,124.3 1,133.4 1,148.6 1,164.9 1,187.2 1,214.5 1,211.2 1,238.1 1,255.0 1,268.3 1,283.9 1,296.0 1,318.0 1,313.1 1,329.7 1,332.6 1,346.3 1,369.9 1,379.8 1,399.5
9,201.5 9,760.5 10,159.7 10,475.9 11,005.3 11,684.9 9,599.6 9,726.5 9,803.7 9,912.2 10,031.4 10,136.0 10,166.9 10,304.5 10,347.2 10,431.7 10,527.4 10,597.1 10,734.0 10,899.3 11,120.4 11,267.4 11,436.4 11,598.5 11,783.3 11,921.5
9,528.9 10,196.4 10,495.0 10,911.9 11,502.2 12,337.3 9,975.8 10,189.7 10,262.8 10,357.5 10,414.4 10,490.6 10,497.0 10,577.9 10,714.6 10,861.2 10,977.6 11,094.1 11,247.8 11,381.6 11,605.5 11,773.7 12,019.4 12,248.8 12,426.6 12,654.5
9,302.2 9,855.9 10,171.6 10,514.1 11,059.2 ...... 9,661.9 9,859.6 9,893.6 10,008.4 10,060.2 10,173.5 10,151.8 10,300.9 10,361.7 10,461.6 10,571.7 10,661.2 10,781.3 10,929.0 11,168.3 11,358.1 11,546.1 11,693.6 11,853.0 ......
6.0 5.9 3.2 3.5 4.9 6.6 4.7 8.3 1.6 3.8 2.8 4.4 0.2 3.6 4.5 4.2 3.9 2.7 4.9 5.3 8.8 5.7 7.4 6.6 5.5 5.3
7.0 7.0 2.9 4.0 5.4 7.3 6.6 8.9 2.9 3.7 2.2 3.0 0.2 3.1 5.3 5.6 4.4 4.3 5.7 4.8 8.1 5.9 8.6 7.9 5.9 7.5