Table 31.

Gross domestic product, state and local expenditures, personal income, disposable personal income, median family income, and population: Selected years, 1929 through 2008

Year	Gross domestic product (in billions)		State and local direct general expenditures (in millions)1		Personal income (in billions)	Disposable personal income (in billions of chained 2005 dollars)2	Disposable personal income per capita		Median family income	Population (in thousands)
	Current dollars	Chained 2005 dol- lars2	All direct general expendi- tures	Education expendi-tures			Current dollars	Chained 2005 dollars2		Midyear data3	Resident as of July 14
1	2	3	4	5	6	7	8	9	10	11	12
1929	$103.6	$977.0	—	—	$84.9	$792.0	$683	$6,498	—	121,878	121,767
1939	92.2	1,072.8	—	—	72.9	861.4	545	6,574	—	131,028	130,880
1940	101.4	1,166.9	$9,229	$2,638	78.4	918.6	581	6,953	—	132,122	132,122
1950	293.7	2,006.0	22,787	7,177	228.9	1,401.5	1,384	9,240	$3,319	151,684	152,271
1960	526.4	2,830.9	51,876	18,719	411.3	1,963.9	2,020	10,865	5,620	180,760	180,671
1970	1,038.3	4,269.9	131,332	52,718	838.6	3,108.8	3,586	15,158	9,867	205,089	205,052
1971	1,126.8	4,413.3	150,674	59,413	903.1	3,249.1	3,859	15,644	10,285	207,692	207,661
1972	1,237.9	4,647.7	168,550	65,814	992.6	3,406.6	4,140	16,228	11,116	209,924	209,896
1973	1,382.3	4,917.0	181,357	69,714	1,110.5	3,638.2	4,615	17,166	12,051	211,939	211,909
1974	1,499.5	4,889.9	198,959	75,833	1,222.7	3,610.2	5,010	16,878	12,902	213,898	213,854
1975	1,637.7	4,879.5	230,721	87,858	1,334.9	3,691.3	5,497	17,091	13,719	215,981	215,973
1976	1,824.6	5,141.3	256,731	97,216	1,474.7	3,838.3	5,972	17,600	14,958	218,086	218,035
1977	2,030.1	5,377.7	274,215	102,780	1,632.5	3,970.7	6,514	18,025	16,009	220,289	220,239
1978	2,293.8	5,677.6	296,984	110,758	1,836.7	4,156.5	7,220	18,670	17,640	222,629	222,585
1979	2,562.2	5,855.0	327,517	119,448	2,059.5	4,253.8	7,956	18,897	19,587	225,106	225,055
1980	2,788.1	5,839.0	369,086	133,211	2,301.5	4,295.6	8,794	18,863	21,023	227,726	227,225
1981	3,126.8	5,987.2	407,449	145,784	2,582.3	4,410.0	9,726	19,173	22,388	230,008	229,466
1982	3,253.2	5,870.9	436,733	154,282	2,766.8	4,506.5	10,390	19,406	23,433	232,218	231,664
1983	3,534.6	6,136.2	466,516	163,876	2,952.2	4,655.7	11,095	19,868	24,674	234,333	233,792
1984	3,930.9	6,577.1	505,008	176,108	3,268.9	4,989.1	12,232	21,105	26,433	236,394	235,825
1985	4,217.5	6,849.3	553,899	192,686	3,496.7	5,144.8	12,911	21,571	27,735	238,506	237,924
1986	4,460.1	7,086.5	605,623	210,819	3,696.0	5,315.0	13,540	22,083	29,458	240,683	240,133
1987	4,736.4	7,313.3	657,134	226,619	3,924.4	5,402.4	14,146	22,246	30,970	242,843	242,289
1988	5,100.4	7,613.9	704,921	242,683	4,231.2	5,635.6	15,206	22,997	32,191	245,061	244,499
1989	5,482.1	7,885.9	762,360	263,898	4,557.5	5,785.1	16,134	23,385	34,213	247,387	246,819
1990	5,800.5	8,033.9	834,818	288,148	4,846.7	5,896.3	17,004	23,568	35,353	250,181	249,623
1991	5,992.1	8,015.1	908,108	309,302	5,031.5	5,945.9	17,532	23,453	35,939	253,530	252,981
1992	6,342.3	8,287.1	981,253	324,652	5,347.3	6,155.3	18,436	23,958	36,573	256,922	256,514
1993	6,667.4	8,523.4	1,033,167	342,287	5,568.1	6,258.2	18,909	24,044	36,959	260,282	259,919
1994	7,085.2	8,870.7	1,077,665	353,287	5,874.8	6,459.0	19,678	24,517	38,782	263,455	263,126
1995	7,414.7	9,093.7	1,146,188	378,273	6,200.9	6,651.6	20,470	24,951	40,611	266,588	266,278
1996	7,838.5	9,433.9	1,189,356	398,859	6,591.6	6,870.9	21,355	25,475	42,300	269,714	269,394
1997	8,332.4	9,854.3	1,247,436	419,053	7,000.7	7,113.5	22,255	26,061	44,568	272,958	272,647
1998	8,793.5	10,283.5	1,314,496	450,365	7,525.4	7,538.8	23,534	27,299	46,737	276,154	275,854
1999	9,353.5	10,779.8	1,398,533	483,259	7,910.8	7,766.7	24,356	27,805	48,950	279,328	279,040
2000	9,951.5	11,226.0	1,502,768	521,612	8,559.4	8,161.5	25,945	28,899	50,732	282,413	282,172
2001	10,286.2	11,347.2	1,621,757	563,572	8,883.3	8,360.1	26,809	29,303	51,407	285,294	285,040
2002	10,642.3	11,553.0	1,732,478	594,694	9,060.1	8,637.1	27,806	29,984	51,680	288,055	287,727
2003	11,142.1	11,840.7	1,817,513	621,335	9,378.1	8,853.9	28,816	30,454	52,680	290,729	290,211
2004	11,867.8	12,263.8	1,903,194	655,361	9,937.2	9,155.1	30,303	31,209	54,061	293,348	292,892
2005	12,638.4	12,638.4	2,012,422	689,057	10,485.9	9,277.3	31,338	31,338	56,194	296,036	295,561
2006	13,398.9	12,976.2	2,121,946	727,967	11,268.1	9,650.7	33,183	32,296	58,407	298,820	298,363
2007	14,077.6	13,254.1	—	—	11,894.1	9,860.6	34,478	32,679	61,355	301,737	301,290
2008	14,441.4	13,312.2	—	—	12,238.8	9,911.3	35,486	32,546	61,521	304,529	304,060

—Not available.

1 Data for years prior to 1963 include expenditures for government fiscal years ending during that particular calendar year. Data for 1963 and later years are the aggregations of expenditures for government fiscal years that ended on June 30 of the stated year. General expenditures exclude expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmental payments between state and local governments are excluded. Payments to the federal government are included.

2 Constant dollars based on a chain-price index, which uses the geometric mean of output weights of adjacent time periods compiled over a time series. Chain-price indexes reflect changes in prices, while implicit price deflators reflect both changes in prices and in the composition of output.

3 Population of the United States including Armed Forces overseas. Includes Alaska and Hawaii beginning in 1960.

4 Resident population of the United States. Includes Alaska and Hawaii beginning in 1958. Data for 1990 and later years include revisions based on the 2000 census.

NOTE: Gross domestic product (GDP) data are adjusted by the GDP chained weight price deflator. Personal income data are adjusted by the personal consumption deflator. Some data have been revised from previously published figures.

SOURCE: U.S. Department of Commerce, Census Bureau, Current Population Reports, Income, Poverty, and Health Insurance in the United States, retrieved September 25, 2009, from http://www.census.gov/hhes/www/income/dinctabs.html; Population Estimates, retrieved September 23, 2009, from http://www.census.gov/popest/national/asrh/2008-nat-res.html; and State and Local Government Finances, retrieved August 12, 2008, from http://www.census.gov/govs/www/estimate.html. U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts Tables, retrieved September 24, 2009, http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=N. (This table was prepared September 2009.)