E C O N O M I C R E P O R T O F T H E P R E S I D E N T

TABLE B–4.—Percent changes in real gross domestic product, 1960–99[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]Year orquarterGrossdomesticproductTotalPersonal consumptionexpendituresDurablegoodsNondurablegoodsGross private domesticinvestmentNonresidential fixedTotalFederalStructuresEquipmentandsoftwareExports and importsof goodsand servicesGovernment consumptionexpenditures andgross investmentTotalServicesResidentialExportsImportsStateandlocal1960 ............ 2.5 2.7 2.0 1.5 4.4 5.7 7.9 4.2 −7.1 20.8 1.3 0.0 −3.0 4.41961 ............ 2.3 2.0 −3.8 1.8 4.1 −.6 1.3 −1.9 .3 1.7 −.7 4.8 3.9 6.11962 ............ 6.0 4.9 11.7 3.1 4.9 8.7 4.5 11.5 9.6 5.3 11.3 6.0 8.3 3.01963 ............ 4.3 4.1 9.7 2.1 4.6 5.5 1.1 8.4 11.8 7.6 2.7 2.4 −.3 6.11964 ............ 5.8 6.0 9.3 4.9 6.1 11.9 10.4 12.7 5.8 13.3 5.3 2.0 −1.7 6.71965 ............ 6.4 6.3 12.6 5.3 5.3 17.4 15.9 18.3 −2.9 2.0 10.6 3.1 .2 6.71966 ............ 6.6 5.7 8.5 5.5 5.0 12.5 6.8 15.9 −8.9 6.7 14.9 9.0 11.3 6.31967 ............ 2.5 3.0 1.6 1.6 4.9 −1.4 −2.5 −.7 −3.1 2.2 7.3 7.5 9.7 5.01968 ............ 4.8 5.7 11.0 4.6 5.1 4.4 1.4 6.2 13.6 7.3 14.9 3.2 .9 5.91969 ............ 3.1 3.8 3.6 2.7 5.0 7.6 5.4 8.8 3.0 5.5 5.7 −.3 −3.3 3.01970 ............ .2 2.3 −3.2 2.4 4.0 −.5 .3 −1.0 −6.0 10.8 4.3 −2.3 −7.0 2.81971 ............ 3.1 3.5 10.0 1.8 3.2 −.1 −1.6 .9 27.4 .5 5.3 −2.0 −7.2 3.01972 ............ 5.3 5.9 12.7 4.4 5.2 9.1 3.1 12.8 17.8 8.0 11.2 .0 −2.2 2.01973 ............ 5.7 4.8 10.3 3.3 4.5 14.5 8.1 18.3 −.6 21.8 4.6 −.8 −5.0 2.81974 ............ −.3 −.4 −6.9 −2.0 3.1 .8 −2.1 2.5 −20.6 9.8 −2.3 2.1 −.3 3.91975 ............ −.3 2.3 .0 1.5 3.6 −9.9 −10.5 −9.6 −13.0 −.6 −11.1 2.0 .0 3.41976 ............ 5.2 5.4 12.8 4.9 3.8 4.9 2.5 6.2 23.5 5.6 19.6 −.1 −1.2 .81977 ............ 4.5 4.2 9.3 2.4 4.1 11.3 4.1 15.0 21.5 2.4 10.9 .9 1.7 .41978 ............ 5.7 4.7 5.3 3.7 5.3 14.1 11.8 15.2 6.3 10.6 8.7 3.2 2.7 3.61979 ............ 3.4 2.8 −.3 2.7 3.8 10.0 12.6 8.7 −3.7 9.8 1.7 2.0 2.5 1.71980 ............ .0 .0 −7.9 −.2 2.4 −.1 6.6 −3.6 −21.1 10.9 −6.6 2.1 4.8 .11981 ............ 2.5 1.4 1.3 1.2 1.6 5.6 7.9 4.2 −8.0 1.2 2.6 .9 4.7 −1.91982 ............ −1.9 1.4 .0 1.0 2.1 −3.7 −1.5 −5.2 −18.2 −7.0 −1.3 1.6 3.7 .01983 ............ 4.2 5.3 14.9 3.3 4.6 −1.0 −10.4 5.4 41.1 −2.6 12.6 3.3 6.3 .81984 ............ 7.3 5.4 14.6 4.0 4.3 17.6 14.3 19.5 14.6 8.4 24.3 3.5 3.1 3.81985 ............ 3.9 5.0 9.9 2.7 5.3 6.7 7.3 6.4 1.4 2.8 6.5 6.5 7.6 5.41986 ............ 3.4 4.2 9.1 3.6 3.4 −2.7 −10.8 2.0 12.0 7.4 8.4 5.4 5.5 5.41987 ............ 3.5 3.5 1.7 2.4 4.6 −.1 −3.6 1.7 .2 11.4 6.1 3.0 3.7 2.41988 ............ 4.2 4.1 5.8 3.2 4.2 5.4 1.3 7.5 −.5 16.1 3.8 1.2 −1.8 3.71989 ............ 3.5 2.6 2.1 2.7 2.7 5.5 2.5 7.0 −4.1 11.7 3.9 2.7 1.3 3.91990 ............ 1.7 1.8 −.9 1.4 2.7 .7 1.5 .4 −8.6 8.7 3.8 3.3 2.0 4.21991 ............ −.2 .1 −6.6 −.4 1.9 −4.9 −11.0 −2.0 −12.8 6.8 −.5 1.2 −.3 2.41992 ............ 3.3 3.2 5.3 1.9 3.5 3.4 −6.1 7.4 16.3 6.4 6.6 .6 −1.6 2.21993 ............ 2.4 3.0 8.2 2.9 2.0 8.4 .8 11.3 7.3 3.0 9.1 −.9 −3.9 1.31994 ............ 4.0 3.8 7.6 3.8 3.0 8.9 .8 11.9 9.7 8.9 12.0 .1 −3.6 2.61995 ............ 2.7 3.0 4.6 3.0 2.8 9.8 4.8 11.5 −3.6 10.3 8.2 .5 −2.7 2.51996 ............ 3.7 3.3 5.6 2.9 3.0 10.0 7.1 11.0 7.4 8.3 8.6 1.1 −.9 2.41997 ............ 4.5 3.7 6.6 2.9 3.6 10.7 8.5 11.5 2.3 12.7 13.7 2.3 −.1 3.81998 ............ 4.3 4.9 11.3 4.0 4.0 12.7 4.1 15.8 9.2 2.2 11.6 1.7 −.9 3.21999 p .......... 4.0 5.3 11.4 5.3 4.0 8.3 −2.7 12.0 7.2 3.5 11.8 3.7 2.9 4.11994: I ......... 3.6 3.9 5.3 5.0 3.1 4.7 −15.4 12.5 9.1 1.6 7.9 −3.9 −11.1 1.1II ........ 5.7 3.5 3.5 3.4 3.5 8.1 21.5 4.0 15.7 17.3 18.9 .7 −4.1 3.9III ....... 2.2 3.1 4.4 3.6 2.5 7.3 −1.0 10.3 −3.0 10.0 12.0 8.0 13.9 4.4IV ....... 5.1 4.1 12.4 4.3 2.4 17.0 2.8 22.1 −4.4 14.1 10.0 −3.6 −11.6 1.91995: I ......... 1.5 1.5 −2.7 2.1 2.0 16.0 8.8 18.4 −7.7 7.2 8.8 .8 −1.4 2.3II ........ .8 4.0 5.0 2.9 4.3 2.5 5.8 1.5 −15.6 4.4 6.2 1.9 .2 3.0III ....... 3.2 3.2 9.5 1.7 2.8 2.6 −.3 3.6 10.1 17.9 1.2 −.9 −2.8 .3IV ....... 3.3 2.7 3.4 3.4 2.2 9.5 −.8 13.1 9.7 9.9 3.9 −4.8 −16.1 2.81996: I ......... 2.9 3.3 4.1 2.4 3.7 13.1 10.8 14.0 8.8 2.3 10.8 3.3 9.6 −.3II ........ 6.9 4.5 13.0 4.2 3.0 11.6 10.5 12.0 20.6 6.9 13.3 7.5 8.7 6.9III ....... 2.2 2.2 −1.5 2.2 2.9 13.6 7.5 15.7 −1.0 3.5 14.4 −2.3 −7.7 1.1IV ....... 4.9 3.2 5.0 4.0 2.4 10.0 23.0 5.9 −4.1 29.0 6.3 2.5 −1.3 4.91997: I ......... 4.9 4.9 10.9 3.8 4.3 9.6 8.0 10.1 3.0 8.8 15.5 1.7 −2.8 4.4II ........ 5.1 1.8 −1.5 −.2 3.5 9.9 −4.0 15.2 4.7 16.2 19.1 5.7 9.9 3.4III ....... 4.0 6.6 20.2 5.7 4.5 16.0 11.2 17.7 .6 11.5 17.6 1.7 −1.3 3.5IV ....... 3.1 3.4 5.0 .3 4.6 3.2 4.3 2.8 6.6 1.8 5.2 −.1 −4.2 2.41998: I ......... 6.7 5.6 16.9 5.8 3.3 26.7 5.7 34.7 14.0 −1.5 14.4 −1.0 −9.8 4.1II ........ 2.1 6.1 11.2 6.7 4.8 12.1 7.1 13.8 13.6 −4.0 13.0 6.0 11.9 3.0III ....... 3.8 3.9 4.1 2.4 4.7 .0 −6.6 2.4 8.0 −1.7 5.2 1.3 −2.3 3.3IV ....... 5.9 4.6 20.4 5.0 1.5 15.3 5.8 18.6 9.8 16.1 10.8 2.9 3.9 2.31999: I ......... 3.7 6.5 12.4 8.9 4.2 7.8 −5.8 12.5 12.9 −5.5 12.5 5.1 −.5 8.2II ........ 1.9 5.1 9.1 3.3 5.2 7.0 −5.3 11.2 5.5 4.0 14.4 1.3 2.1 .9III ....... 5.7 4.9 7.7 3.6 5.0 10.9 −3.8 15.7 −3.8 11.5 14.9 4.5 4.1 4.8IV p ..... 5.8 5.3 11.8 6.1 3.5 2.5 −5.3 4.9 −1.2 6.9 10.6 8.4 16.0 4.4Note.--Percent changes based on unrounded data.Source: Department of Commerce, Bureau of Economic Analysis.311