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					Year   President       Population GDP implicit       Export          Import          Goods        Export        Import         Services      Income        Income         Income        Net            Current        Capital       chg in U.S.    chg in foreign Financial        chg in U.S.      chg in other U.S. in foreign Financial
                                                                                                                                                                                                                                                                                                                   chg                            Financial      Financial     Statistical   Balance
                                  price deflator     of goods        of goods        balance      of services   of services    balance       receipts      payments       balance       unilateral     account        account       private assets private assets account          official reserve government official assets account            account        account       discrepancy   of pymts
                                  index                                                                                                                                                 transfers                     net                                         (
                                                                                                                                                                                                                                    held abroad held in the U.S. private sector)   assets           assets         in the U.S.   (official sector)(net                                       (should be
                                  (2005=100)                                                                                                                                                           balance        balance                                     balance                                                        balance          derivatives)   balance                     +/- 0)
                        (in '000)    (index)         (in $ mn)   (in $ mn)    (in $ mn)           (in $ mn)     (in $ mn)      (in $ mn)     (in $ mn)     (in $ mn)      (in $ mn)     (in $ mn)      (in $ mn)      (in $ mn)     (in $ mn)      (in $ mn)      (in $ mn)        (in $ mn)        (in $ mn)      (in $ mn)     (in $ mn)        (in $ mn)      (in $ mn)     (in $ mn)
1960   Eisenhower       180,671      18.596              19650.0     -14758.0      4892.0             6290.0         -7674.0       -1384.0        4616.0        -1238.0        3378.0        -4062.0         2824.0         .....        -5144.0          821.0        -4323.0          2145.0           -1100.0        1473.0         378.0            n.a.          1225.0       -1019.0      3030.0
1961   Kennedy          183,691      18.805              20108.0     -14537.0      5571.0             6295.0         -7671.0       -1376.0        4999.0        -1245.0        3754.0        -4127.0         3822.0         .....        -5235.0         1939.0        -3296.0           607.0            -910.0        765.0          462.0            n.a.         -2834.0        -989.0        -1.0
1962   Kennedy          186,538      19.062              20781.0     -16260.0      4521.0             6941.0         -8092.0       -1151.0        5618.0        -1324.0        4294.0        -4277.0         3387.0         .....        -4623.0          641.0        -3982.0          1535.0           -1085.0        1270.0        1720.0            n.a.         -2262.0       -1124.0         1.0
1963   Kennedy          189,242      19.265              22272.0     -17048.0      5224.0             7348.0         -8362.0       -1014.0        6157.0        -1560.0        4597.0        -4392.0         4414.0         .....        -5986.0         1231.0        -4755.0           378.0           -1662.0        1986.0         702.0            n.a.         -4053.0        -360.0         1.0
1964   Johnson I        191,889      19.563              25501.0     -18700.0      6801.0             7840.0         -8619.0        -779.0        6824.0        -1783.0        5041.0        -4240.0         6823.0         .....        -8050.0         1983.0        -6067.0           171.0           -1680.0        1660.0         151.0            n.a.         -5916.0        -907.0         0.0
1965   Johnson II       194,303      19.919              26461.0     -21510.0      4951.0             8824.0         -9111.0        -287.0        7437.0        -2088.0        5349.0        -4583.0         5431.0         .....        -5336.0          607.0        -4729.0          1225.0           -1605.0        134.0         -246.0            n.a.         -4975.0        -457.0        -1.0
1966   Johnson II       196,560      20.484              29310.0     -25493.0      3817.0             9616.0        -10494.0        -878.0        7528.0        -2481.0        5047.0        -4955.0         3031.0         .....        -6347.0         4333.0        -2014.0           570.0           -1543.0        -672.0       -1645.0            n.a.         -3659.0         629.0         1.0
1967   Johnson II       198,712      21.115              30666.0     -26866.0      3800.0            10667.0        -11863.0       -1196.0        8021.0        -2747.0        5274.0        -5294.0         2583.0         .....        -7386.0         3928.0        -3458.0           53.0            -2423.0        3451.0        1081.0            n.a.         -2377.0        -205.0         1.0
1968   Johnson II       200,706      22.012              33626.0     -32991.0      635.0             11917.0        -12302.0        -385.0        9367.0        -3378.0        5989.0        -5629.0          611.0         .....        -7833.0        10703.0         2870.0          -870.0           -2274.0        -774.0       -3918.0            n.a.         -1048.0         438.0         1.0
1969   Nixon I          202,677      23.099              36414.0     -35807.0      607.0             12806.0        -13322.0        -516.0       10913.0        -4869.0        6044.0        -5735.0          399.0         .....        -8206.0        14002.0         5796.0         -1179.0           -2200.0       -1301.0       -4680.0            n.a.          1116.0       -1516.0        -1.0
1970   Nixon I          205,052      24.317              42469.0     -39866.0      2603.0            14171.0        -14520.0        -349.0       11748.0        -5515.0        6233.0        -6156.0         2331.0         .....       -10229.0         -550.0       -10779.0          3348.0           -1589.0        7775.0        9534.0            n.a.         -1245.0        -219.0       867.0
1971   Nixon I          207,661      25.533              43319.0     -45579.0     -2260.0            16358.0        -15400.0         958.0       12707.0        -5435.0        7272.0        -7402.0        -1433.0         .....       -12940.0        -3909.0       -16849.0          3066.0           -1884.0       27596.0       28778.0            n.a.         11929.0       -9779.0       717.0
1972   Nixon I          209,896      26.634              49381.0     -55797.0     -6416.0            17841.0        -16868.0         973.0       14765.0        -6572.0        8193.0        -8544.0        -5795.0         .....       -12925.0        10986.0        -1939.0           706.0           -1568.0       11185.0       10323.0            n.a.          8384.0       -1879.0       710.0
1973   Nixon II         211,909      28.112              71410.0     -70499.0      911.0             19832.0        -18843.0         989.0       21808.0        -9655.0       12153.0        -6913.0         7140.0         .....       -20388.0        12362.0        -8026.0           158.0           -2644.0        6026.0        3540.0            n.a.         -4486.0       -2654.0         0.0
1974   Nixon II         213,854      30.664              98306.0    -103811.0     -5505.0            22591.0        -21379.0        1212.0       27587.0       -12084.0       15503.0        -9249.0         1962.0         .....       -33643.0        24682.0        -8961.0         -1467.0             366.0       10546.0        9445.0            n.a.           484.0       -2444.0         2.0
1975   Ford             215,973      33.563             107088.0     -98185.0      8903.0            25497.0        -21996.0        3501.0       25351.0       -12564.0       12787.0        -7075.0       18116.0          .....       -35380.0         9843.0       -25537.0          -849.0           -3474.0        7027.0        2704.0            n.a.        -22833.0        4717.0         0.0
1976   Ford             218,035      35.489             114745.0    -124228.0     -9483.0            27971.0        -24570.0        3401.0       29375.0       -13311.0       16064.0        -5686.0         4295.0         .....       -44498.0        20147.0       -24351.0         -2558.0           -4214.0       17693.0       10921.0            n.a.        -13430.0        9134.0        -1.0
1977   Carter           220,239      37.751             120816.0    -151907.0    -31091.0            31485.0        -27640.0        3845.0       32354.0       -14217.0       18137.0        -5226.0       -14335.0         .....       -30717.0        15954.0       -14763.0          -375.0           -3693.0       36816.0       32748.0            n.a.         17985.0       -3650.0         0.0
1978   Carter           222,585      40.400             142075.0    -176002.0    -33927.0            36353.0        -32189.0        4164.0       42088.0       -21680.0       20408.0        -5788.0       -15143.0         .....       -57202.0        32597.0       -24605.0           732.0           -4660.0       33678.0       29750.0            n.a.          5145.0        9997.0        -1.0
1979   Carter           225,055      43.761             184439.0    -212007.0    -27568.0            39692.0        -36689.0        3003.0       63834.0       -32961.0       30873.0        -6593.0         -285.0         .....       -61176.0        53218.0        -7958.0            6.0            -3746.0      -12526.0      -16266.0            n.a.        -24224.0       25647.0      1138.0
1980   Carter           227,726      47.751             224250.0    -249750.0    -25500.0            47584.0        -41491.0        6093.0       72606.0       -42532.0       30074.0        -8349.0         2317.0         .....       -73651.0        45388.0       -28263.0         -7003.0           -5162.0       16649.0        4484.0            n.a.        -23779.0       22613.0      1151.0
1981   Reagan I         229,966      52.225             237044.0    -265067.0    -28023.0            57354.0        -45503.0       11851.0       86529.0       -53626.0       32903.0       -11702.0         5030.0         .....      -103875.0        79631.0       -24244.0         -4082.0           -5097.0        6053.0       -3126.0            n.a.        -27370.0       23433.0      1093.0
1982   Reagan I         232,188      55.412             211157.0    -247642.0    -36485.0            64079.0        -51749.0       12330.0       91747.0       -56583.0       35164.0       -16544.0        -5536.0         .....      -116786.0        91464.0       -25322.0         -4965.0           -6131.0        3593.0       -7503.0            n.a.        -32825.0       38362.0         1.0
1983   Reagan I         234,307      57.603             201799.0    -268901.0    -67102.0            64307.0        -54973.0        9334.0       90000.0       -53614.0       36386.0       -17310.0       -38691.0         .....       -60172.0        81554.0        21382.0         -1196.0           -5006.0        5845.0        -357.0            n.a.         21025.0       17666.0         0.0
1984   Reagan I         236,348      59.766             219926.0    -332418.0   -112492.0            71168.0        -67748.0        3420.0      108819.0       -73756.0       35063.0       -20335.0       -94344.0         .....       -31757.0      112908.0         81151.0         -3131.0           -5489.0        3140.0       -5480.0            n.a.         75671.0       18672.0        -1.0
1985   Reagan II        238,466      61.576             215915.0    -338088.0   -122173.0            73155.0        -72862.0         293.0       98542.0       -72819.0       25723.0       -21998.0      -118155.0         .....       -38074.0      145349.0       107275.0          -3858.0           -2821.0       -1119.0       -7798.0            n.a.         99477.0       18677.0        -1.0
1986   Reagan II        240,651      62.937             223344.0    -368425.0   -145081.0            86689.0        -80147.0        6542.0       97064.0       -81571.0       15493.0       -24132.0      -147177.0         .....      -110014.0      192681.0         82667.0           312.0           -2022.0       35648.0       33938.0            n.a.        116605.0       30570.0        -2.0
1987   Reagan II        242,804      64.764             250208.0    -409765.0   -159557.0            98661.0        -90787.0        7874.0      108184.0       -93891.0       14293.0       -23265.0      -160655.0         .....       -89450.0      201713.0       112263.0           9149.0           1006.0        45387.0       55542.0            n.a.        167805.0       -7149.0         1.0
1988   Reagan II        245,021      66.988             320230.0    -447189.0   -126959.0            110919.0       -98526.0       12393.0      136713.0      -118026.0       18687.0       -25274.0      -121153.0         .....      -105628.0      205075.0         99447.0         -3912.0           2967.0        39758.0       38813.0            n.a.        138260.0      -17107.0         0.0
1989   Bush Sr.         247,342      69.518             359916.0    -477665.0   -117749.0            127087.0      -102479.0       24608.0      161287.0      -141463.0       19824.0       -26169.0       -99486.0       -207.0       -151323.0      214274.0         62951.0        -25293.0           1233.0         8503.0      -15557.0            n.a.         47187.0       52299.0         0.0
1990   Bush Sr.         250,132      72.201             387401.0    -498438.0   -111037.0            147832.0      -117659.0       30173.0      171742.0      -143192.0       28550.0       -26654.0       -78968.0      -7220.0        -81393.0      105447.0         24054.0         -2158.0           2317.0        33910.0       34069.0            n.a.         50903.0       28066.0         1.0
1991   Bush Sr.         253,493      74.760             414083.0    -491020.0    -76937.0            164261.0      -118459.0       45802.0      149214.0      -125084.0       24130.0         9904.0         2898.0      -5130.0        -73075.0        90833.0        17758.0          5763.0           2924.0        17389.0       26076.0            n.a.         38704.0      -41601.0         1.0
1992   Bush Sr.         256,894      76.533             439631.0    -536528.0    -96897.0            177252.0      -119566.0       57686.0      133766.0      -109531.0       24235.0       -36636.0       -51613.0       1449.0        -76644.0      127872.0         51228.0          3901.0           -1667.0       40477.0       42711.0            n.a.         95388.0      -43775.0         0.0
1993   Clinton I        260,255      78.224             456943.0    -589394.0   -132451.0            185920.0      -123779.0       62141.0      136057.0      -110741.0       25316.0       -39812.0       -84806.0       -714.0       -198822.0      208005.0          9183.0         -1379.0            -351.0       71753.0       70023.0            n.a.         78492.0        6314.0         0.0
1994   Clinton I        263,436      79.872             502859.0    -668690.0   -165831.0            200395.0      -133057.0       67338.0      166521.0      -149375.0       17146.0       -40265.0      -121612.0      -1111.0       -183893.0      263591.0         79698.0          5346.0            -390.0       39583.0       44539.0            n.a.        123126.0       -1514.0         0.0
1995   Clinton I        266,557      81.536             575204.0    -749374.0   -174170.0            219183.0      -141397.0       77786.0      210244.0      -189353.0       20891.0       -38074.0      -113567.0       -222.0       -341538.0      325222.0        -16316.0         -9742.0            -984.0      109880.0       99154.0            n.a.         82616.0       30951.0         0.0
1996   Clinton I        269,667      83.088             612113.0    -803113.0   -191000.0            239489.0      -152554.0       86935.0      226129.0      -203811.0       22318.0       -43017.0      -124764.0         -7.0       -419088.0      421161.0          2073.0          6668.0            -989.0      126724.0      132403.0            n.a.        134469.0       -9705.0         0.0
1997   Clinton II       272,912      84.555             678366.0    -876794.0   -198428.0            256087.0      -165932.0       90155.0      256804.0      -244195.0       12609.0       -45062.0      -140726.0       -256.0       -484533.0      685416.0       200883.0          -1010.0              68.0       19036.0       18094.0            n.a.        218721.0      -77995.0         0.0
1998   Clinton II       276,115      85.511             670416.0    -918637.0   -248221.0            262758.0      -180677.0       82081.0      261819.0      -257554.0        4265.0       -53187.0      -215062.0         -8.0       -346624.0      440697.0         94073.0         -6783.0            -422.0      -19903.0      -27108.0            n.a.         66957.0      148105.0         0.0
1999   Clinton II       279,295      86.768             698034.0   -1034345.0   -336311.0            267850.0      -195779.0       72071.0      293925.0      -280037.0       13888.0       -50428.0      -300779.0      -4176.0       -515559.0      698667.0       183108.0           8747.0           2750.0        43543.0       55040.0            n.a.        233972.0       66807.0         0.0
2000   Clinton II       282,385      88.647             784181.0   -1230413.0   -446232.0            286416.0      -218964.0       67452.0      350918.0      -329864.0       21054.0       -58645.0      -416371.0         -1.0       -559292.0      995466.0       436174.0           -290.0            -941.0       42758.0       41527.0            n.a.        477700.0      -61329.0         0.0
2001   Bush Jr. I       285,267      90.650             730277.0   -1152257.0   -421980.0            274618.0      -217032.0       57586.0      290797.0      -259075.0       31722.0       -64487.0      -397158.0     13198.0        -377219.0      754811.0       377592.0          -4911.0            -486.0       28059.0       22662.0            n.a.        413452.0      -16294.0         0.0
2002   Bush Jr. I       288,028      92.118             696268.0   -1171613.0   -475345.0            281202.0      -226381.0       54821.0      280942.0      -253544.0       27398.0       -64948.0      -458074.0       -141.0       -291310.0      679216.0       387906.0          -3681.0             345.0      115945.0      112609.0            n.a.        500374.0      -42300.0         0.0
2003   Bush Jr. I       290,704      94.100             728258.0   -1269802.0   -541544.0            291639.0      -244278.0       47361.0      320456.0      -275147.0       45309.0       -71794.0      -520668.0      -1821.0       -327484.0      580234.0       252750.0           1523.0             537.0      278069.0      280129.0            n.a.        531058.0      -10391.0        -1.0
2004   Bush Jr. I       293,310      96.770             819870.0   -1485501.0   -665631.0            338707.0      -282420.0       56287.0      413739.0      -346519.0       67220.0       -88362.0      -630488.0       3049.0      -1005385.0     1135446.0       130061.0           2805.0           1710.0       397755.0      402270.0            n.a.        535380.0       95107.0        -1.0
2005   Bush Jr. II      295,994     100.000             909016.0   -1692817.0   -783801.0            372171.0      -302546.0       69625.0      535263.0      -462905.0       72358.0      -105772.0      -747590.0     13116.0        -566266.0      988079.0       421813.0          14096.0           5539.0       259268.0      278903.0            n.a.        713832.0       33758.0         0.0
2006   Bush Jr. II      298,766     103.257            1035868.0   -1875324.0   -839456.0            416916.0      -336700.0       80216.0      682221.0      -634136.0       48085.0       -91481.0      -802636.0      -1788.0      -1293449.0     1577230.0       283781.0           2374.0           5346.0       487939.0      495659.0          29710.0       807362.0       -4727.0        -1.0
2007   Bush Jr. II      301,714     106.296            1160366.0   -1983558.0   -823192.0            488299.0      -367206.0      121093.0      829602.0      -730049.0       99553.0      -115548.0      -718094.0        384.0      -1453324.0     1626612.0       173288.0           -122.0          -22273.0      481043.0      458648.0          6222.0        638542.0       79552.0         0.0
2008   Bush Jr. II      304,483     108.619            1304896.0   -2139548.0   -834652.0            534116.0      -398266.0      135850.0      796528.0      -644554.0      151974.0      -122026.0      -668854.0       6010.0        690540.0       -96048.0      594492.0          -4848.0         -529615.0      550770.0       16307.0         -32947.0       583862.0       84991.0        -1.0
2009   Obama            307,226     109.615            1068499.0   -1575443.0   -506944.0            502298.0      -370262.0      132036.0      588203.0      -466783.0      121420.0      -124943.0      -378432.0       -140.0       -629552.0      -144294.0      -773846.0        -52256.0         541342.0       450030.0      939116.0          50804.0       215934.0      162497.0        -1.0
2010   Obama
2011   Obama
2012   Obama

Sources                                              line 3          line 20                      line 4        line 21                      line 12       line 29                      line 35        line 77        line 39       line 50       line 63        computed          line 41        line 46         line 56         computed       line 70         computed      line 71       computed
Table ERP                  B-34          B-3
Table BEA/NIPA                          1.1.9        http://www.bea.gov/international/index.htm                                              [accessed 25 Nov. 2010]
Table BLS
Table Hist Tables


Sources: Economic Report of the President 2010
or estimated or obtained from ERP's underlying sources, e.g., http://www.bea.gov
Notes: Figures for recession years are shaded (based on real GDP per person).
or based on NBER (for 1960 and 2001).
Real dollars are in billions of chained (2005) dollars.
President refers to the year of taking office (usually in January to April of that year).

* Population
Data for 1900 to 1935: http://www.census.gov/popest/archives/1990s/popclockest.txt
Data for 1940 to 1969:Current Population Reports. Population Estimates and Projections. Series p-25, No.802.
Data for 1970 to 1979: Current Population Reports. Population Estimates and Projections. Series P-25, No.917
1980 to 1989: "Monthly Estimates of the United States Population: April 1, 1980 to




J. Brauer | 2/28/2011 | D:\Docstoc\Working\pdf\19d46a87-5f67-4a6a-855f-d816ed2f719f.xlsx | RawData_nom
Year   President       Population GDP implicit       Export          Import          Goods        Export        Import        Services     Income       Income       Income       Net          Current      Capital     chg in U.S.    chg in foreign Financial        chg in U.S.      chg in other U.S. in foreign Financial
                                                                                                                                                                                                                                                                                                       chg                            Financial      Financial    Statistical   Balance
                                  price deflator     of goods        of goods        balance      of services   of services   balance      receipts     payments     balance      unilateral   account      account     private assets private assets account          official reserve government official assets account            account        account      discrepancy   of pymts
                                  index                                                                                                                                           transfers                 net                                       (
                                                                                                                                                                                                                        held abroad held in the U.S. private sector)   assets           assets         in the U.S.   (official sector)(net                                      (should be
                                  (2000=100)                                                                                                                                                   balance      balance                                   balance                                                        balance          derivatives)   balance                    +/- 0)
                        (in '000)    (index)         (in $ bn)       (in $ bn)       (in $ bn)    (in $ bn)     (in $ bn)     (in $ bn)    (in $ bn)    (in $ bn)    (in $ bn)    (in $ bn)    (in $ bn)    (in $ bn)   (in $ bn)      (in $ bn)      (in $ bn)        (in $ bn)        (in $ bn)      (in $ bn)     (in $ bn)        (in $ bn)      (in $ bn)    (in $ bn)
1960   Eisenhower       180,671      18.596               105.7            -79.4           26.3         33.8         -41.3          -7.4         24.8         -6.7         18.2        -21.8        15.2                      -27.7           4.4           -23.2            11.5             -5.9            7.9          13.5                            -9.7         -5.5         0.0
1961   Kennedy          183,691      18.805               106.9            -77.3           29.6         33.5         -40.8          -7.3         26.6         -6.6         20.0        -21.9        20.3                      -27.8          10.3           -17.5             3.2             -4.8            4.1            2.5                          -15.1         -5.3         0.0
1962   Kennedy          186,538      19.062               109.0            -85.3           23.7         36.4         -42.5          -6.0         29.5         -6.9         22.5        -22.4        17.8                      -24.3           3.4           -20.9             8.1             -5.7            6.7            9.0                          -11.9         -5.9         0.0
1963   Kennedy          189,242      19.265               115.6            -88.5           27.1         38.1         -43.4          -5.3         32.0         -8.1         23.9        -22.8        22.9                      -31.1           6.4           -24.7             2.0             -8.6           10.3            3.6                          -21.0         -1.9         0.0
1964   Johnson I        191,889      19.563               130.4            -95.6           34.8         40.1         -44.1          -4.0         34.9         -9.1         25.8        -21.7        34.9                      -41.1          10.1           -31.0             0.9             -8.6            8.5            0.8                          -30.2         -4.6         0.0
1965   Johnson II       194,303      19.919               132.8           -108.0           24.9         44.3         -45.7          -1.4         37.3        -10.5         26.9        -23.0        27.3                      -26.8           3.0           -23.7             6.1             -8.1            0.7           -1.2                          -25.0         -2.3         0.0
1966   Johnson II       196,560      20.484               143.1           -124.5           18.6         46.9         -51.2          -4.3         36.8        -12.1         24.6        -24.2        14.8                      -31.0          21.2            -9.8             2.8             -7.5           -3.3           -8.0                          -17.9          3.1         0.0
1967   Johnson II       198,712      21.115               145.2           -127.2           18.0         50.5         -56.2          -5.7         38.0        -13.0         25.0        -25.1        12.2                      -35.0          18.6           -16.4             0.3            -11.5           16.3            5.1                          -11.3         -1.0         0.0
1968   Johnson II       200,706      22.012               152.8           -149.9            2.9         54.1         -55.9          -1.7         42.6        -15.3         27.2        -25.6          2.8                     -35.6          48.6            13.0            -4.0            -10.3           -3.5          -17.8                           -4.8          2.0         0.0
1969   Nixon I          202,677      23.099               157.6           -155.0            2.6         55.4         -57.7          -2.2         47.2        -21.1         26.2        -24.8          1.7                     -35.5          60.6            25.1            -5.1             -9.5           -5.6          -20.3                            4.8         -6.6         0.0
1970   Nixon I          205,052      24.317               174.6           -163.9           10.7         58.3         -59.7          -1.4         48.3        -22.7         25.6        -25.3          9.6                     -42.1          -2.3           -44.3            13.8             -6.5           32.0          39.2                            -5.1         -0.9         3.6
1971   Nixon I          207,661      25.533               169.7           -178.5           -8.9         64.1         -60.3           3.8         49.8        -21.3         28.5        -29.0         -5.6                     -50.7         -15.3           -66.0            12.0             -7.4          108.1         112.7                            46.7        -38.3         2.8
1972   Nixon I          209,896      26.634               185.4           -209.5          -24.1         67.0         -63.3           3.7         55.4        -24.7         30.8        -32.1        -21.8                     -48.5          41.2            -7.3             2.7             -5.9           42.0          38.8                            31.5         -7.1         2.7
1973   Nixon II         211,909      28.112               254.0           -250.8            3.2         70.5         -67.0           3.5         77.6        -34.3         43.2        -24.6        25.4                      -72.5          44.0           -28.6             0.6             -9.4           21.4          12.6                           -16.0         -9.4         0.0
1974   Nixon II         213,854      30.664               320.6           -338.5          -18.0         73.7         -69.7           4.0         90.0        -39.4         50.6        -30.2          6.4                    -109.7          80.5           -29.2            -4.8              1.2           34.4          30.8                             1.6         -8.0         0.0
1975   Ford             215,973      33.563               319.1           -292.5           26.5         76.0         -65.5          10.4         75.5        -37.4         38.1        -21.1        54.0                     -105.4          29.3           -76.1            -2.5            -10.4           20.9            8.1                          -68.0         14.1         0.0
1976   Ford             218,035      35.489               323.3           -350.0          -26.7         78.8         -69.2           9.6         82.8        -37.5         45.3        -16.0        12.1                     -125.4          56.8           -68.6            -7.2            -11.9           49.9          30.8                           -37.8         25.7         0.0
1977   Carter           220,239      37.751               320.0           -402.4          -82.4         83.4         -73.2          10.2         85.7        -37.7         48.0        -13.8        -38.0                     -81.4          42.3           -39.1            -1.0             -9.8           97.5          86.7                            47.6         -9.7         0.0
1978   Carter           222,585      40.400               351.7           -435.6          -84.0         90.0         -79.7          10.3        104.2        -53.7         50.5        -14.3        -37.5                    -141.6          80.7           -60.9             1.8            -11.5           83.4          73.6                            12.7         24.7         0.0
1979   Carter           225,055      43.761               421.5           -484.5          -63.0         90.7         -83.8           6.9        145.9        -75.3         70.5        -15.1         -0.7                    -139.8         121.6           -18.2             0.0             -8.6          -28.6          -37.2                          -55.4         58.6         2.6
1980   Carter           227,726      47.751               469.6           -523.0          -53.4         99.7         -86.9          12.8        152.1        -89.1         63.0        -17.5          4.9                    -154.2          95.1           -59.2           -14.7            -10.8           34.9            9.4                          -49.8         47.4         2.4
1981   Reagan I         229,966      52.225               453.9           -507.5          -53.7        109.8         -87.1          22.7        165.7       -102.7         63.0        -22.4          9.6                    -198.9         152.5           -46.4            -7.8             -9.8           11.6           -6.0                          -52.4         44.9         2.1
1982   Reagan I         232,188      55.412               381.1           -446.9          -65.8        115.6         -93.4          22.3        165.6       -102.1         63.5        -29.9        -10.0                    -210.8         165.1           -45.7            -9.0            -11.1            6.5          -13.5                          -59.2         69.2         0.0
1983   Reagan I         234,307      57.603               350.3           -466.8         -116.5        111.6         -95.4          16.2        156.2        -93.1         63.2        -30.1        -67.2                    -104.5         141.6            37.1            -2.1             -8.7           10.1           -0.6                           36.5         30.7         0.0
1984   Reagan I         236,348      59.766               368.0           -556.2         -188.2        119.1        -113.4           5.7        182.1       -123.4         58.7        -34.0       -157.9                     -53.1         188.9          135.8             -5.2             -9.2            5.3           -9.2                          126.6         31.2         0.0
1985   Reagan II        238,466      61.576               350.6           -549.1         -198.4        118.8        -118.3           0.5        160.0       -118.3         41.8        -35.7       -191.9                     -61.8         236.0          174.2             -6.3             -4.6           -1.8          -12.7                          161.6         30.3         0.0
1986   Reagan II        240,651      62.937               354.9           -585.4         -230.5        137.7        -127.3          10.4        154.2       -129.6         24.6        -38.3       -233.8                    -174.8         306.1          131.3              0.5             -3.2           56.6          53.9                           185.3         48.6         0.0
1987   Reagan II        242,804      64.764               386.3           -632.7         -246.4        152.3        -140.2          12.2        167.0       -145.0         22.1        -35.9       -248.1                    -138.1         311.5          173.3             14.1              1.6           70.1          85.8                           259.1        -11.0         0.0
1988   Reagan II        245,021      66.988               478.0           -667.6         -189.5        165.6        -147.1          18.5        204.1       -176.2         27.9        -37.7       -180.9                    -157.7         306.1          148.5             -5.8              4.4           59.4          57.9                           206.4        -25.5         0.0
1989   Bush Sr.         247,342      69.518               517.7           -687.1         -169.4        182.8        -147.4          35.4        232.0       -203.5         28.5        -37.6       -143.1       -0.3         -217.7         308.2            90.6           -36.4              1.8           12.2          -22.4                           67.9         75.2         0.0
1990   Bush Sr.         250,132      72.201               536.6           -690.3         -153.8        204.8        -163.0          41.8        237.9       -198.3         39.5        -36.9       -109.4      -10.0         -112.7         146.0            33.3            -3.0              3.2           47.0          47.2                            70.5         38.9         0.0
1991   Bush Sr.         253,493      74.760               553.9           -656.8         -102.9        219.7        -158.5          61.3        199.6       -167.3         32.3         13.2          3.9       -6.9          -97.7         121.5            23.8             7.7              3.9           23.3          34.9                            51.8        -55.6         0.0
1992   Bush Sr.         256,894      76.533               574.4           -701.0         -126.6        231.6        -156.2          75.4        174.8       -143.1         31.7        -47.9        -67.4        1.9         -100.1         167.1            66.9             5.1             -2.2           52.9          55.8                           124.6        -57.2         0.0
1993   Clinton I        260,255      78.224               584.1           -753.5         -169.3        237.7        -158.2          79.4        173.9       -141.6         32.4        -50.9       -108.4       -0.9         -254.2         265.9            11.7            -1.8             -0.4           91.7          89.5                           100.3          8.1         0.0
1994   Clinton I        263,436      79.872               629.6           -837.2         -207.6        250.9        -166.6          84.3        208.5       -187.0         21.5        -50.4       -152.3       -1.4         -230.2         330.0            99.8             6.7             -0.5           49.6          55.8                           154.2         -1.9         0.0
1995   Clinton I        266,557      81.536               705.5           -919.1         -213.6        268.8        -173.4          95.4        257.9       -232.2         25.6        -46.7       -139.3       -0.3         -418.9         398.9           -20.0           -11.9             -1.2          134.8         121.6                           101.3         38.0         0.0
1996   Clinton I        269,667      83.088               736.7           -966.6         -229.9        288.2        -183.6         104.6        272.2       -245.3         26.9        -51.8       -150.2        0.0         -504.4         506.9             2.5             8.0             -1.2          152.5         159.4                           161.8        -11.7         0.0
1997   Clinton II       272,912      84.555               802.3          -1037.0         -234.7        302.9        -196.2         106.6        303.7       -288.8         14.9        -53.3       -166.4       -0.3         -573.0         810.6          237.6             -1.2              0.1           22.5          21.4                           258.7        -92.2         0.0
1998   Clinton II       276,115      85.511               784.0          -1074.3         -290.3        307.3        -211.3          96.0        306.2       -301.2          5.0        -62.2       -251.5        0.0         -405.4         515.4          110.0             -7.9             -0.5          -23.3          -31.7                           78.3        173.2         0.0
1999   Clinton II       279,295      86.768               804.5          -1192.1         -387.6        308.7        -225.6          83.1        338.7       -322.7         16.0        -58.1       -346.6       -4.8         -594.2         805.2          211.0             10.1              3.2           50.2          63.4                           269.7         77.0         0.0
2000   Clinton II       282,385      88.647               884.6          -1388.0         -503.4        323.1        -247.0          76.1        395.9       -372.1         23.8        -66.2       -469.7        0.0         -630.9        1123.0          492.0             -0.3             -1.1           48.2          46.8                           538.9        -69.2         0.0
2001   Bush Jr. I       285,267      90.650               805.6          -1271.1         -465.5        302.9        -239.4          63.5        320.8       -285.8         35.0        -71.1       -438.1       14.6         -416.1         832.7          416.5             -5.4             -0.5           31.0          25.0                           456.1        -18.0         0.0
2002   Bush Jr. I       288,028      92.118               755.8          -1271.9         -516.0        305.3        -245.8          59.5        305.0       -275.2         29.7        -70.5       -497.3       -0.2         -316.2         737.3          421.1             -4.0              0.4          125.9         122.2                           543.2        -45.9         0.0
2003   Bush Jr. I       290,704      94.100               773.9          -1349.4         -575.5        309.9        -259.6          50.3        340.5       -292.4         48.1        -76.3       -553.3       -1.9         -348.0         616.6          268.6              1.6              0.6          295.5         297.7                           564.4        -11.0         0.0
2004   Bush Jr. I       293,310      96.770               847.2          -1535.1         -687.8        350.0        -291.8          58.2        427.5       -358.1         69.5        -91.3       -651.5        3.2        -1038.9        1173.3          134.4              2.9              1.8          411.0         415.7                           553.2         98.3         0.0
2005   Bush Jr. II      295,994     100.000               909.0          -1692.8         -783.8        372.2        -302.5          69.6        535.3       -462.9         72.4       -105.8       -747.6       13.1         -566.3         988.1          421.8             14.1              5.5          259.3         278.9                           713.8         33.8         0.0
2006   Bush Jr. II      298,766     103.257              1003.2          -1816.2         -813.0        403.8        -326.1          77.7        660.7       -614.1         46.6        -88.6       -777.3       -1.7        -1252.7        1527.5          274.8              2.3              5.2          472.5         480.0            28.8           781.9         -4.6         0.0
2007   Bush Jr. II      301,714     106.296              1091.6          -1866.1         -774.4        459.4        -345.5         113.9        780.5       -686.8         93.7       -108.7       -675.6        0.4        -1367.2        1530.3          163.0             -0.1            -21.0          452.6         431.5             5.9           600.7         74.8         0.0
2008   Bush Jr. II      304,483     108.619              1201.4          -1969.8         -768.4        491.7        -366.7         125.1        733.3       -593.4        139.9       -112.3       -615.8        5.5          635.7         -88.4          547.3             -4.5           -487.6          507.1          15.0                           567.9         78.2        30.3
2009   Obama            307,226     109.615               974.8          -1437.3         -462.5        458.2        -337.8         120.5        536.6       -425.8        110.8       -114.0       -345.2       -0.1         -574.3        -131.6          -706.0           -47.7            493.9          410.6         856.7                           150.6        148.2       -46.3
2010   Obama
2011   Obama
2012   Obama

Sources                                              line 3          line 20                      line 4        line 21                    line 12      line 29                   line 35      line 77      line 39     line 50       line 63        computed          line 41        line 46         line 56         computed       line 70         computed     line 71       computed
Table ERP                  B-34
Table BEA/NIPA                                       http://www.bea.gov/international/index.htm                                            [accessed 25 Nov. 2010]
Table BLS
Table Hist Tables


Sources: Economic Report of the President 2010
or estimated or obtained from ERP's underlying sources, e.g., http://www.bea.gov
Notes: Figures for recession years are shaded (based on real GDP per person).
or based on NBER (for 1960 and 2001).
Real dollars are in billions of chained (2005) dollars.
President refers to the year of taking office (usually in January to April of that year).

* Population
Data for 1900 to 1935: http://www.census.gov/popest/archives/1990s/popclockest.txt
Data for 1940 to 1969:Current Population Reports. Population Estimates and Projections. Series p-25, No.802.
Data for 1970 to 1979: Current Population Reports. Population Estimates and Projections. Series P-25, No.917
1980 to 1989: "Monthly Estimates of the United States Population: April 1, 1980 to




J. Brauer | 2/28/2011 | D:\Docstoc\Working\pdf\19d46a87-5f67-4a6a-855f-d816ed2f719f.xlsx | RawData_real
Year   President       Population GDP implicit       Export          Import          Goods         Export        Import        Services     Income       Income        Income       Net          Current       Capital    chg in U.S.    chg in foreign Financial        chg in U.S.      chg in other U.S. in foreign Financial
                                                                                                                                                                                                                                                                                                         chg                            Financial      Financial     Statistical   Balance
                                  price deflator     of goods        of goods        balance       of services   of services   balance      receipts     payments      balance      unilateral   account       account    private assets private assets account          official reserve government official assets account            account        account       discrepancy   of pymts
                                  index                                                                                                                                             transfers                  net                                      (
                                                                                                                                                                                                                          held abroad held in the U.S. private sector)   assets           assets         in the U.S.   (official sector)(net                                       (should be
                                  (2000=100)                                                                                                                                                     balance       balance                                  balance                                                        balance          derivatives)   balance                     +/- 0)
                        (in '000)    (index)         (in $)          (in $)          (in $)        (in $)        (in $)        (in $)       (in $)       (in $)        (in $)       (in $)       (in $)        (in $)     (in $)         (in $)         (in $)           (in $)           (in $)         (in $)        (in $)           (in $)         (in $)        (in $)
1960   Eisenhower       180,671      18.596               584.9           -439.3           145.6        187.2         -228.4        -41.2        137.4         -36.8        100.5       -120.9          84.1                   -153.1          24.4          -128.7             63.8            -32.7           43.8          74.9                           -53.7        -30.3        0.0
1961   Kennedy          183,691      18.805               582.1           -420.8           161.3        182.2         -222.1        -39.8        144.7         -36.0        108.7       -119.5         110.6                   -151.5          56.1           -95.4             17.6            -26.3           22.1          13.4                           -82.0        -28.6        0.0
1962   Kennedy          186,538      19.062               584.4           -457.3           127.1        195.2         -227.6        -32.4        158.0         -37.2        120.8       -120.3          95.3                   -130.0          18.0          -112.0             43.2            -30.5           35.7          48.4                           -63.6        -31.6        0.0
1963   Kennedy          189,242      19.265               610.9           -467.6           143.3        201.5         -229.4        -27.8        168.9         -42.8        126.1       -120.5         121.1                   -164.2          33.8          -130.4             10.4            -45.6           54.5          19.3                          -111.2         -9.9        0.0
1964   Johnson I        191,889      19.563               679.3           -498.1           181.2        208.8         -229.6        -20.8        181.8         -47.5        134.3       -112.9         181.8                   -214.4          52.8          -161.6              4.6            -44.8           44.2           4.0                          -157.6        -24.2        0.0
1965   Johnson II       194,303      19.919               683.7           -555.8           127.9        228.0         -235.4         -7.4        192.2         -53.9        138.2       -118.4         140.3                   -137.9          15.7          -122.2             31.7            -41.5            3.5          -6.4                          -128.5        -11.8        0.0
1966   Johnson II       196,560      20.484               728.0           -633.2            94.8        238.8         -260.6        -21.8        187.0         -61.6        125.3       -123.1          75.3                   -157.6         107.6           -50.0             14.2            -38.3          -16.7         -40.9                           -90.9         15.6        0.0
1967   Johnson II       198,712      21.115               730.9           -640.3            90.6        254.2         -282.7        -28.5        191.2         -65.5        125.7       -126.2          61.6                   -176.0          93.6           -82.4              1.3            -57.7           82.2          25.8                           -56.7         -4.9        0.0
1968   Johnson II       200,706      22.012               761.1           -746.8            14.4        269.7         -278.5         -8.7        212.0         -76.5        135.6       -127.4          13.8                   -177.3         242.3            65.0            -19.7            -51.5          -17.5         -88.7                           -23.7          9.9        0.0
1969   Nixon I          202,677      23.099               777.8           -764.8            13.0        273.5         -284.6        -11.0        233.1        -104.0        129.1       -122.5           8.5                   -175.3         299.1          123.8             -25.2            -47.0          -27.8        -100.0                            23.8        -32.4        0.0
1970   Nixon I          205,052      24.317               851.7           -799.5            52.2        284.2         -291.2         -7.0        235.6        -110.6        125.0       -123.5          46.7                   -205.1         -11.0          -216.2             67.1            -31.9          155.9         191.2                           -25.0         -4.4       17.4
1971   Nixon I          207,661      25.533               817.0           -859.6           -42.6        308.5         -290.4         18.1        239.7        -102.5        137.2       -139.6         -27.0                   -244.0         -73.7          -317.8             57.8            -35.5          520.5         542.8                           225.0       -184.4       13.5
1972   Nixon I          209,896      26.634               883.3           -998.1          -114.8        319.1         -301.7         17.4        264.1        -117.6        146.6       -152.8        -103.7                   -231.2         196.5           -34.7             12.6            -28.0          200.1         184.7                           150.0        -33.6       12.7
1973   Nixon II         211,909      28.112              1198.7          -1183.4            15.3        332.9         -316.3         16.6        366.1        -162.1        204.0       -116.0         119.9                   -342.2         207.5          -134.7              2.7            -44.4          101.2          59.4                           -75.3        -44.6        0.0
1974   Nixon II         213,854      30.664              1499.1          -1583.1           -83.9        344.5         -326.0         18.5        420.7        -184.3        236.4       -141.0          29.9                   -513.0         376.4          -136.7            -22.4              5.6          160.8         144.0                            7.4         -37.3        0.0
1975   Ford             215,973      33.563              1477.3          -1354.5           122.8        351.7         -303.4         48.3        349.7        -173.3        176.4        -97.6         249.9                   -488.1         135.8          -352.3            -11.7            -47.9           96.9          37.3                          -315.0         65.1        0.0
1976   Ford             218,035      35.489              1482.9          -1605.5          -122.6        361.5         -317.5         44.0        379.6        -172.0        207.6        -73.5          55.5                   -575.1         260.4          -314.7            -33.1            -54.5          228.7         141.1                          -173.6        118.0        0.0
1977   Carter           220,239      37.751              1453.1          -1827.1          -373.9        378.7         -332.4         46.2        389.1        -171.0        218.1        -62.9        -172.4                   -369.5         191.9          -177.6             -4.5            -44.4          442.8         393.9                           216.3        -43.9        0.0
1978   Carter           222,585      40.400              1579.9          -1957.2          -377.3        404.3         -358.0         46.3        468.0        -241.1        226.9        -64.4        -168.4                   -636.1         362.5          -273.6              8.1            -51.8          374.5         330.8                            57.2        111.2        0.0
1979   Carter           225,055      43.761              1872.7          -2152.7          -279.9        403.0         -372.5         30.5        648.2        -334.7        313.5        -66.9          -2.9                   -621.2         540.4           -80.8              0.1            -38.0         -127.2        -165.2                          -246.0        260.4       11.6
1980   Carter           227,726      47.751              2062.2          -2296.7          -234.5        437.6         -381.6         56.0        667.7        -391.1        276.6        -76.8          21.3                   -677.3         417.4          -259.9            -64.4            -47.5          153.1          41.2                          -218.7        208.0       10.6
1981   Reagan I         229,966      52.225              1973.7          -2207.1          -233.3        477.6         -378.9         98.7        720.5        -446.5        274.0        -97.4          41.9                   -864.9         663.0          -201.9            -34.0            -42.4           50.4         -26.0                          -227.9        195.1        9.1
1982   Reagan I         232,188      55.412              1641.2          -1924.8          -283.6        498.0         -402.2         95.8        713.1        -439.8        273.3       -128.6         -43.0                   -907.7         710.9          -196.8            -38.6            -47.7           27.9         -58.3                          -255.1        298.2        0.0
1983   Reagan I         234,307      57.603              1495.2          -1992.3          -497.2        476.5         -407.3         69.2        666.8        -397.2        269.6       -128.3        -286.7                   -445.8         604.2          158.4              -8.9            -37.1           43.3          -2.6                           155.8        130.9        0.0
1984   Reagan I         236,348      59.766              1556.9          -2353.3          -796.4        503.8         -479.6         24.2        770.4        -522.1        248.2       -144.0        -667.9                   -224.8         799.3          574.5             -22.2            -38.9           22.2         -38.8                           535.7        132.2        0.0
1985   Reagan II        238,466      61.576              1470.4          -2302.5          -832.0        498.2         -496.2          2.0        671.1        -495.9        175.2       -149.8        -804.7                   -259.3         989.9          730.6             -26.3            -19.2           -7.6         -53.1                           677.5        127.2        0.0
1986   Reagan II        240,651      62.937              1474.6          -2432.5          -957.9        572.4         -529.2         43.2        640.9        -538.6        102.3       -159.3        -971.7                   -726.4        1272.2          545.8               2.1            -13.4          235.4         224.1                           769.9        201.8        0.0
1987   Reagan II        242,804      64.764              1591.2          -2605.8         -1014.7        627.4         -577.3         50.1        688.0        -597.1         90.9       -147.9       -1021.7                   -568.8        1282.8          713.9              58.2              6.4          288.6         353.2                         1067.1         -45.5        0.0
1988   Reagan II        245,021      66.988              1951.0          -2724.5          -773.5        675.8         -600.3         75.5        832.9        -719.1        113.9       -154.0        -738.1                   -643.5        1249.4          605.9             -23.8            18.1           242.2         236.5                           842.4       -104.2        0.0
1989   Bush Sr.         247,342      69.518              2093.2          -2778.0          -684.8        739.1         -596.0        143.1        938.0        -822.7        115.3       -152.2        -578.6       -1.2        -880.1        1246.2          366.1            -147.1              7.2           49.5         -90.5                           274.4        304.2        0.0
1990   Bush Sr.         250,132      72.201              2145.1          -2759.9          -614.8        818.6         -651.5        167.1        951.0        -792.9        158.1       -147.6        -437.3      -40.0        -450.7         583.9          133.2             -11.9            12.8           187.8         188.6                           281.9        155.4        0.0
1991   Bush Sr.         253,493      74.760              2185.0          -2591.0          -406.0        866.8         -625.1        241.7        787.4        -660.0        127.3         52.3          15.3      -27.1        -385.6         479.3            93.7             30.4            15.4            91.8         137.6                           204.2       -219.5        0.0
1992   Bush Sr.         256,894      76.533              2236.1          -2728.9          -492.8        901.5         -608.1        293.4        680.4        -557.1        123.3       -186.3        -262.5        7.4        -389.8         650.4          260.6              19.8             -8.5          205.9         217.2                           485.2       -222.7        0.0
1993   Clinton I        260,255      78.224              2244.5          -2895.1          -650.6        913.2         -608.0        305.2        668.3        -544.0        124.4       -195.6        -416.6       -3.5        -976.6        1021.7            45.1             -6.8             -1.7          352.5         344.0                           385.6         31.0        0.0
1994   Clinton I        263,436      79.872              2389.9          -3178.0          -788.1        952.4         -632.4        320.0        791.4        -709.9         81.5       -191.4        -578.0       -5.3        -874.0        1252.7          378.8              25.4             -1.9          188.1         211.7                           585.2         -7.2        0.0
1995   Clinton I        266,557      81.536              2646.6          -3447.9          -801.4       1008.5         -650.6        357.9        967.4        -871.2         96.1       -175.2        -522.5       -1.0       -1571.4        1496.4           -75.1            -44.8             -4.5          505.6         456.2                           380.1        142.4        0.0
1996   Clinton I        269,667      83.088              2731.9          -3584.4          -852.4       1068.9         -680.9        388.0       1009.2        -909.6         99.6       -192.0        -556.8        0.0       -1870.4        1879.7             9.3             29.8             -4.4          565.6         590.9                           600.1        -43.3        0.0
1997   Clinton II       272,912      84.555              2939.7          -3799.6          -859.9       1109.8         -719.1        390.7       1112.9       -1058.2         54.6       -195.3        -609.8       -1.1       -2099.7        2970.2          870.5              -4.4              0.3           82.5          78.4                           947.8       -338.0        0.0
1998   Clinton II       276,115      85.511              2839.4          -3890.7         -1051.3       1112.9         -765.2        347.6       1108.9       -1090.8         18.1       -225.3        -910.9        0.0       -1468.1        1866.5          398.4             -28.7             -1.8          -84.3        -114.8                           283.6        627.3        0.0
1999   Clinton II       279,295      86.768              2880.4          -4268.2         -1387.8       1105.3         -807.9        297.4       1212.9       -1155.6         57.3       -208.1       -1241.2      -17.2       -2127.4        2883.0          755.6              36.1            11.3           179.7         227.1                           965.5        275.7        0.0
2000   Clinton II       282,385      88.647              3132.6          -4915.2         -1782.6       1144.2         -874.7        269.5       1401.8       -1317.7         84.1       -234.3       -1663.3        0.0       -2234.3        3976.7          1742.4             -1.2             -3.8          170.8         165.9                         1908.3        -245.0        0.0
2001   Bush Jr. I       285,267      90.650              2824.0          -4455.8         -1631.8       1062.0         -839.3        222.7       1124.5       -1001.9        122.7       -249.4       -1535.8       51.0       -1458.7        2918.9          1460.2            -19.0             -1.9          108.5          87.6                         1598.8         -63.0        0.0
2002   Bush Jr. I       288,028      92.118              2624.2          -4415.8         -1791.6       1059.8         -853.2        206.6       1058.9        -955.6        103.3       -244.8       -1726.5       -0.5       -1097.9        2559.9          1462.0            -13.9              1.3          437.0         424.4                         1885.9        -159.4        0.0
2003   Bush Jr. I       290,704      94.100              2662.2          -4641.9         -1979.7       1066.1         -893.0        173.1       1171.5       -1005.8        165.6       -262.5       -1903.4       -6.7       -1197.2        2121.1          924.0               5.6              2.0        1016.5         1024.0                         1941.3         -38.0        0.0
2004   Bush Jr. I       293,310      96.770              2888.5          -5233.7         -2345.1       1193.3         -995.0        198.3       1457.7       -1220.8        236.8       -311.3       -2221.3       10.7       -3542.1        4000.4          458.2               9.9              6.0        1401.4         1417.3                         1886.2         335.1        0.0
2005   Bush Jr. II      295,994     100.000              3071.1          -5719.1         -2648.0       1257.4        -1022.1        235.2       1808.4       -1563.9        244.5       -357.3       -2525.7       44.3       -1913.1        3338.2          1425.1             47.6            18.7           875.9         942.3                         2411.6         114.0        0.0
2006   Bush Jr. II      298,766     103.257              3357.8          -6078.9         -2721.1       1351.4        -1091.4        260.0       2211.4       -2055.6        155.9       -296.5       -2601.8       -5.8       -4192.7        5112.6          919.9               7.7            17.3         1581.7         1606.7           96.3          2617.1         -15.3        0.0
2007   Bush Jr. II      301,714     106.296              3618.1          -6184.9         -2566.8       1522.6        -1145.0        377.6       2586.8       -2276.4        310.4       -360.3       -2239.1        1.2       -4531.6        5071.9          540.3              -0.4            -69.4        1499.9         1430.1           19.4          1991.0         248.0        0.0
2008   Bush Jr. II      304,483     108.619              3945.5          -6469.2         -2523.7       1615.0        -1204.2        410.8       2408.4       -1948.9        459.5       -369.0       -2022.4       18.2        2087.9        -290.4          1797.5            -14.7          -1601.4        1665.3           49.3                         1865.0         257.0       99.6
2009   Obama            307,226     109.615              3172.8          -4678.2         -1505.3       1491.5        -1099.5        392.1       1746.6       -1386.1        360.5       -371.0       -1123.7       -0.4       -1869.4        -428.5         -2297.9           -155.2           1607.5        1336.3         2788.6                           490.3        482.5      -150.9
2010   Obama
2011   Obama
2012   Obama

Sources                                              line 3          line 20                       line 4        line 21                    line 12      line 29                    line 35      line 77       line 39    line 50       line 63        computed          line 41        line 46         line 56         computed       line 70         computed      line 71       computed
Table ERP                  B-34
Table BEA/NIPA                                       http://www.bea.gov/international/index.htm                                             [accessed 25 Nov. 2010]
Table BLS
Table Hist Tables


Sources: Economic Report of the President 2010
or estimated or obtained from ERP's underlying sources, e.g., http://www.bea.gov
Notes: Figures for recession years are shaded (based on real GDP per person).
or based on NBER (for 1960 and 2001).
Real dollars are in billions of chained (2005) dollars.
President refers to the year of taking office (usually in January to April of that year).

* Population
Data for 1900 to 1935: http://www.census.gov/popest/archives/1990s/popclockest.txt
Data for 1940 to 1969:Current Population Reports. Population Estimates and Projections. Series p-25, No.802.
Data for 1970 to 1979: Current Population Reports. Population Estimates and Projections. Series P-25, No.917
1980 to 1989: "Monthly Estimates of the United States Population: April 1, 1980 to




J. Brauer | 2/28/2011 | D:\Docstoc\Working\pdf\19d46a87-5f67-4a6a-855f-d816ed2f719f.xlsx | RawData_realpc
Figure        1                                                                             Figure         2                                                                             Figure      3
Title         U.S. merchandise exports and imports                                          Title          U.S. service exports and imports                                              Title       U.S. current account receipts and payments
Period        1960-2012                                                                     Period         1960-2012                                                                     Period      1960-2012
Unit          Nominal U.S. dollars (millions)                                               Unit           Nominal U.S. dollars (millions)                                               Unit        Nominal U.S. dollars (millions)
Note          Figures 1 to 3 drawn to same scale                                            Note           Figures 1 to 3 drawn to same scale                                            Note        Figures 1 to 3 drawn to same scale

  2,500,000                                                                                    2,500,000                                                                                    2,500,000
                        Export of goods (in $ mn)                                                                    Export of services (in $ mn)                                                                 Income receipts (in $ mn)
  2,000,000                                                                                    2,000,000                                                                                    2,000,000
                        Import of goods (in $ mn)                                                                    Import of services (in $ mn)                                                                 Income payments (in $ mn)
  1,500,000                                                                                    1,500,000                                                                                    1,500,000
                        Goods balance (in $ mn)                                                                      Services balance (in $ mn)
                                                                                                                                                                                                                  Income balance (in $ mn)
  1,000,000                                                                                    1,000,000                                                                                    1,000,000
    500,000                                                                                      500,000                                                                                     500,000
          0                                                                                            0                                                                                            0
   -500,000                                                                                     -500,000                                                                                     -500,000
 -1,000,000                                                                                   -1,000,000                                                                                   -1,000,000
 -1,500,000                                                                                   -1,500,000                                                                                   -1,500,000
 -2,000,000                                                                                   -2,000,000                                                                                   -2,000,000
 -2,500,000                                                                                   -2,500,000                                                                                   -2,500,000




Figure        4                                                                             Figure         5                                                                             Figure      6
Title         U.S. merchandise exports and imports                                          Title          U.S. service exports and imports                                              Title       U.S. current account receipts and payments
Period        1960-2012                                                                     Period         1960-2012                                                                     Period      1960-2012
Unit          Inflation-adjusted U.S. dollars (billions)                                    Unit           Inflation-adjusted U.S. dollars (billions)                                    Unit        Inflation-adjusted U.S. dollars (billions)
Note          Base year = 2005      Figures 4 to 6 drawn to same scale                      Note           Base year = 2005      Figures 4 to 6 drawn to same scale                      Note        Base year = 2005      Figures 4 to 6 drawn to same scale

  2,000                                                                                        2,000                                                                                        2,000
                   Export of goods (in $ bn)                                                                   Export of services (in $ bn)                                                               Income receipts (in $ bn)
  1,500                                                                                        1,500                                                                                        1,500
                   Import of goods (in $ bn)                                                                   Import of services (in $ bn)                                                               Income payments (in $ bn)
  1,000                                                                                        1,000                                                                                        1,000
                   Goods balance (in $ bn)                                                                     Services balance (in $ bn)                                                                 Income balance (in $ bn)
    500
                                                                                                 500                                                                                         500
      0
                                                                                                   0                                                                                            0
   -500
                                                                                                -500                                                                                         -500
 -1,000
 -1,500                                                                                       -1,000                                                                                       -1,000

 -2,000                                                                                       -1,500                                                                                       -1,500

 -2,500                                                                                       -2,000                                                                                       -2,000




Figure        7                                                                             Figure         8                                                                             Figure      9
Title         U.S. merchandise exports and imports (per capita)                             Title          U.S. service exports and imports (per capita)                                 Title       U.S. current account receipts and payments (per capita)
Period        1960-2012                                                                     Period         1960-2012                                                                     Period      1960-2012
Unit          Inflation-adjusted U.S. dollars (billions)                                    Unit           Inflation-adjusted U.S. dollars (billions)                                    Unit        Inflation-adjusted U.S. dollars (billions)
Note          Base year = 2005      Figures 7 to 9 drawn to same scale                      Note           Base year = 2005      Figures 7 to 9 drawn to same scale                      Note        Base year = 2005      Figures 7 to 9 drawn to same scale

  7,000                                                                                        7,000                                                                                        7,000
                    Export of goods (in $)                                                                      Export of services (in $)                                                                   Income receipts (in $)
  5,000             Import of goods (in $)                                                     5,000            Import of services (in $)                                                   5,000           Income payments (in $)
                    Goods balance (in $)                                                                        Services balance (in $)                                                                     Income balance (in $)
  3,000                                                                                        3,000                                                                                        3,000

  1,000                                                                                        1,000                                                                                        1,000

 -1,000                                                                                       -1,000                                                                                       -1,000

 -3,000                                                                                       -3,000                                                                                       -3,000

 -5,000                                                                                       -5,000                                                                                       -5,000

 -7,000                                                                                       -7,000                                                                                       -7,000




COMMENTS

All 9 Figures show the same pattern as they reflect the same underlying data expressed in different units of measurement.

Figures 1, 4, and 7 show U.S. merchandise exports (blue), imports (red), and the difference between them (green) in nominal, real, and real per capita dollars. As the green line dips into the negative range, for the average
U.S. American there are more goods imported than exported (in dollar terms).

Figures 2, 5, and 8 repeat the exercise for exports (blue), imports (red), and the difference between them (green) for services such as insurance, finance, and tourism, rather than tangible goods. The difference between them
in somewhat positive in dollar terms but does not nearly make up for the negative goods balance.

Figures 3, 6, and 9 repeat the exercises for money received from overseas (blue), money sent overseas (red), and the difference between them (green). For example, when U.S. Americans make loans available to foreign entities
and receive interest payments in return then this is recorded as income receipts to the United States, and vice versa for interest payments U.S. Americans make to foreign entities (income payments). Again, the slightly positive
balance is not nearly enough to countermand the negative goods balance.




J. Brauer | 2/28/2011 | D:\Docstoc\Working\pdf\19d46a87-5f67-4a6a-855f-d816ed2f719f.xlsx | Graphs1
Figure     1                                                                                   Figure      2                                                                                   Figure      3                                                     Figure          4
Title      U.S. balance of payments                                                            Title       U.S. financial account                                                              Title       U.S. financial account (private sector)               Title           U.S. financial account (official sector)
Period     1960-2012                                                                           Period      1960-2012                                                                           Period      1960-2012                                             Period          1960-2012
Unit       Nominal U.S. dollars (millions)                                                     Unit        Nominal U.S. dollars (millions)                                                     Unit        Nominal U.S. dollars (millions)                       Unit            Nominal U.S. dollars (millions)
Note                                                                                           Note                                                                                            Note                                                              Note

  1,000,000                                                                                       1,200,000                                                                                      2,000,000        chg in U.S. private assets held                  800,000
                                                                                                                Financial account (private
    800,000               Current account balance (in $ mn)                                       1,000,000     sector) balance (in $ mn)                                                                         abroad (in $ mn)
                                                                                                                                                                                                 1,500,000                                                         600,000
                          Financial account balance (in $ mn)                                      800,000                                                                                                        chg in foreign private assets held
    600,000                                                                                                     Financial account (official sector)
                          Statistical discrepancy (in $ mn)                                                                                                                                      1,000,000        in the U.S. (in $ mn)
                                                                                                   600,000      balance (in $ mn)
    400,000                                                                                                                                                                                                                                                        400,000
                                                                                                   400,000                                                                                         500,000
    200,000
                                                                                                   200,000                                                                                                                                                         200,000
          0                                                                                                                                                                                               0
                                                                                                          0                                                                                                                                                                  0
   -200,000                                                                                                                                                                                       -500,000
                                                                                                   -200,000
   -400,000                                                                                        -400,000                                                                                                                                                       -200,000
                                                                                                                                                                                                 -1,000,000
   -600,000                                                                                                                                                                                                                                                                              chg in U.S. official reserve assets (in $ mn)
                                                                                                   -600,000
                                                                                                                                                                                                 -1,500,000                                                       -400,000               chg in other U.S. government assets (in $ mn)
   -800,000                                                                                        -800,000
                                                                                                                                                                                                                                                                                         chg in foreign official assets in the U.S. (in $ mn)
 -1,000,000                                                                                      -1,000,000                                                                                      -2,000,000                                                       -600,000




Figure     5                                                                                   Figure      6                                                                                   Figure      7                                                     Figure          8
Title      U.S. balance of payments                                                            Title       U.S. financial account                                                              Title       U.S. financial account (private sector)               Title           U.S. financial account (official sector)
Period     1960-2012                                                                           Period      1960-2012                                                                           Period      1960-2012                                             Period          1960-2012
Unit       Inflation-adjusted U.S. dollars (billions)                                          Unit        Inflation-adjusted U.S. dollars (billions)                                          Unit        Inflation-adjusted U.S. dollars (billions)            Unit            Inflation-adjusted U.S. dollars (billions)
Note       Base year = 2005                                                                    Note        Base year = 2005                                                                    Note        Base year = 2005                                      Note            Base year = 2005

  1,000                                                                                          1,000                                                                                           2,000            chg in U.S. private assets held                  600
                   Current account balance (in $ bn)                                                            Financial account (private
    800            Financial account balance (in $ bn)                                             800          sector) balance (in $ bn)                                                                         abroad (in $ bn)
                                                                                                                                                                                                 1,500
                   Statistical discrepancy (in $ bn)                                                                                                                                                              chg in foreign private assets held               400
    600                                                                                                         Financial account (official sector)
                                                                                                   600                                                                                           1,000            in the U.S. (in $ bn)
                                                                                                                balance (in $ bn)
    400
                                                                                                   400                                                                                                                                                             200
    200                                                                                                                                                                                            500
                                                                                                   200
      0                                                                                                                                                                                              0                                                               0
                                                                                                     0
   -200                                                                                                                                                                                           -500
                                                                                                  -200                                                                                                                                                            -200
   -400
                                                                                                  -400
                                                                                                                                                                                                 -1,000                                                                              chg in U.S. official reserve assets (in $ bn)
   -600
                                                                                                                                                                                                                                                                  -400               chg in other U.S. government assets (in $ bn)
   -800                                                                                           -600                                                                                           -1,500
                                                                                                                                                                                                                                                                                     chg in foreign official assets in the U.S. (in $ bn)
 -1,000                                                                                           -800                                                                                           -2,000                                                           -600




Figure     9                                                                                   Figure      10                                                                                  Figure      11                                                    Figure          12
Title      U.S. balance of payments (per capita)                                               Title       U.S. financial account (per capita)                                                 Title       U.S. financial account (private sector; per capita)   Title           U.S. financial account (official sector; per capita)
Period     1960-2012                                                                           Period      1960-2012                                                                           Period      1960-2012                                             Period          1960-2012
Unit       Inflation-adjusted U.S. dollars (billions)                                          Unit        Nominal U.S. dollars (millions)                                                     Unit        Nominal U.S. dollars (millions)                       Unit            Nominal U.S. dollars (millions)
Note       Base year = 2005                                                                    Note                                                                                            Note                                                              Note

  3,000                                                                                           4,000                                                                                          6,000            chg in U.S. private assets held                  2,000
                    Current account balance (in $)                                                              Financial account (private                                                                        abroad (in $)
                    Financial account balance (in $)                                              3,000         sector) balance (in $)                                                                                                                             1,500
  2,000                                                                                                                                                                                          4,000            chg in foreign private assets held
                    Statistical discrepancy (in $)
                                                                                                                Financial account (official sector)                                                               in the U.S. (in $)                               1,000
                                                                                                  2,000         balance (in $)
  1,000                                                                                                                                                                                          2,000
                                                                                                                                                                                                                                                                    500
                                                                                                  1,000
      0                                                                                                                                                                                              0                                                                   0
                                                                                                      0
                                                                                                                                                                                                                                                                   -500
 -1,000                                                                                                                                                                                          -2,000
                                                                                                 -1,000
                                                                                                                                                                                                                                                                  -1,000
                                                                                                                                                                                                                                                                                       chg in U.S. official reserve assets (in $)
 -2,000                                                                                          -2,000                                                                                          -4,000
                                                                                                                                                                                                                                                                  -1,500               chg in other U.S. government assets (in $)
                                                                                                                                                                                                                                                                                       chg in foreign official assets in the U.S. (in $)
 -3,000                                                                                          -3,000                                                                                          -6,000                                                           -2,000




COMMENTS

All 12 Figures show the same pattern as they reflect the same underlying data expressed in different units of measurement (namely, nominal dollars, real dollars, and real per capita dollars).

Reading downward, Figures 1, 5, and 9 show the trend in short-term trading of (mostly) goods and services (the current account balance; in red). When the red line is negative, this means funds are leaving the United States (for example,
when paying for imported goods, the dollars go to the foreign entities who supply these goods). But there is not much that foreign entities can do with U.S. dollars except to funnel them back to the U.S. in terms of either
buying U.S. stock, bonds, or other assets or to exchange their U.S. earned dollars for their home currencies, in which case someone else needs to invest the dollars back in the United States. The effect of this is shown with the blue line.
A positive value of the blue line means that dollars are flowing into the United States. In theory, every dollar that flows out of the U.S. must flow back in. In practice, it is difficult to keep track of the funds and the green line, called the
"statistical discrepancy", measures the difference. So long as it is neither excessive in size, nor consistently positive or negative, economists tend not to be worried.

For Figures 1, 5, and 9, evidently things were pretty even until the early 1980s. Then huge trade deficits occurred (more money flowing out than in), leading to the dip in the red line. Consequently, the blue line (foreigners' earned U.S. dollars
flowing back in to the U.S.) became positive. After a reversal in the late 1980s, the pattern repeated itself, but at drastically higher dollar amounts. Only the U.S. economic recession of the late 2000s began slightly reverse the trade deficit.

Figure 10 breaks the blue line in Figure 9 into its two components. Figure 11 breaks the red line in Figure 10 into its 2 components. And Figure 12 breaks the blue line in Figure 10 into its 3 components.
The same applies for the Figures in the first and second rows of this page.




J. Brauer | 2/28/2011 | D:\Docstoc\Working\pdf\19d46a87-5f67-4a6a-855f-d816ed2f719f.xlsx | Graphs2