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Digest of Education Statistics
2008 Tables and Figures All Years of Tables and Figures Most Recent Full Issue of the Digest


Table 30. Gross domestic product, state and local expenditures, personal income, disposable personal income, median family income, and population: Selected years, 1929 through 2007
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 2000 dollars)2  Disposable personal income per capita Median family income Population (in thousands)
Current dollars Chained 2000 dollars2  All direct general expenditures Education expenditures Current dollars Chained 2000 dollars2  Midyear data3  Resident as of July 14 
1 2 3 4 5 6 7 8 9 10 11 12
1929 $103.6 $865.2 $85.1 $712.7 $684 $5,848 121,878 121,767
1939 92.2 950.7 72.9 774.9 545 5,914 131,028 130,880
1940 101.4 1,034.1 $9,229 $2,638 78.5 826.5 581 6,255 132,122 132,122
1950 293.8 1,777.3 22,787 7,177 229.0 1,260.0 1,385 8,306 3,319 151,684 152,271
1960 526.4 2,501.8 51,876 18,719 411.5 1,759.7 2,022 9,735 5,620 180,760 180,671
1970 1,038.5 3,771.9 131,332 52,718 838.8 2,781.7 3,587 13,563 9,867 205,089 205,052
                       
1971 1,127.1 3,898.6 150,674 59,413 903.5 2,907.9 3,860 14,001 10,285 207,692 207,661
1972 1,238.3 4,105.0 168,550 65,814 992.7 3,046.5 4,140 14,512 11,116 209,924 209,896
1973 1,382.7 4,341.5 181,357 69,714 1,110.7 3,252.3 4,616 15,345 12,051 211,939 211,909
1974 1,500.0 4,319.6 198,959 75,833 1,222.6 3,228.5 5,010 15,094 12,902 213,898 213,854
1975 1,638.3 4,311.2 230,721 87,858 1,335.0 3,302.6 5,498 15,291 13,719 215,981 215,973
                       
1976 1,825.3 4,540.9 256,731 97,216 1,474.8 3,432.2 5,972 15,738 14,958 218,086 218,035
1977 2,030.9 4,750.5 274,215 102,780 1,633.2 3,552.9 6,517 16,128 16,009 220,289 220,239
1978 2,294.7 5,015.0 296,984 110,758 1,837.7 3,718.8 7,224 16,704 17,640 222,629 222,585
1979 2,563.3 5,173.4 327,517 119,448 2,062.2 3,811.2 7,967 16,931 19,587 225,106 225,055
1980 2,789.5 5,161.7 369,086 133,211 2,307.9 3,857.7 8,822 16,940 21,023 227,726 227,225
                       
1981 3,128.4 5,291.7 407,449 145,784 2,591.3 3,960.0 9,765 17,217 22,388 230,008 229,466
1982 3,255.0 5,189.3 436,733 154,282 2,775.3 4,044.9 10,426 17,418 23,433 232,218 231,664
1983 3,536.7 5,423.8 466,516 163,876 2,960.7 4,177.7 11,131 17,828 24,674 234,333 233,792
1984 3,933.2 5,813.6 505,008 176,108 3,289.5 4,494.1 12,319 19,011 26,433 236,394 235,825
1985 4,220.3 6,053.7 553,899 192,686 3,526.7 4,645.2 13,037 19,476 27,735 238,506 237,924
                       
1986 4,462.8 6,263.6 605,623 210,819 3,722.4 4,791.0 13,649 19,906 29,458 240,683 240,133
1987 4,739.5 6,475.1 657,134 226,619 3,947.4 4,874.5 14,241 20,072 30,970 242,843 242,289
1988 5,103.8 6,742.7 704,921 242,683 4,253.7 5,082.6 15,297 20,740 32,191 245,061 244,499
1989 5,484.4 6,981.4 762,360 263,898 4,587.8 5,224.8 16,257 21,120 34,213 247,387 246,819
1990 5,803.1 7,112.5 834,818 288,148 4,878.6 5,324.2 17,131 21,281 35,353 250,181 249,623
                       
1991 5,995.9 7,100.5 908,108 309,302 5,051.0 5,351.7 17,609 21,109 35,939 253,530 252,981
1992 6,337.7 7,336.6 981,253 324,652 5,362.0 5,536.3 18,494 21,548 36,573 256,922 256,514
1993 6,657.4 7,532.7 1,033,167 342,287 5,558.5 5,594.2 18,872 21,493 36,959 260,282 259,919
1994 7,072.2 7,835.5 1,077,665 353,287 5,842.5 5,746.4 19,555 21,812 38,782 263,455 263,126
1995 7,397.7 8,031.7 1,146,188 378,273 6,152.3 5,905.7 20,287 22,153 40,611 266,588 266,278
                       
1996 7,816.9 8,328.9 1,189,356 398,859 6,520.6 6,080.9 21,091 22,546 42,300 269,714 269,394
1997 8,304.3 8,703.5 1,247,436 419,053 6,915.1 6,295.8 21,940 23,065 44,568 272,958 272,647
1998 8,747.0 9,066.9 1,314,496 450,365 7,423.0 6,663.9 23,161 24,131 46,737 276,154 275,854
1999 9,268.4 9,470.3 1,398,533 483,259 7,802.4 6,861.3 23,968 24,564 48,950 279,328 279,040
2000 9,817.0 9,817.0 1,502,768 521,612 8,429.7 7,194.0 25,472 25,472 50,732 282,433 282,194
                       
2001 10,128.0 9,890.7 1,621,757 563,572 8,724.1 7,333.3 26,235 25,697 51,407 285,372 285,112
2002 10,469.6 10,048.8 1,732,478 594,694 8,881.9 7,562.2 27,167 26,238 51,680 288,215 287,888
2003 10,960.8 10,301.0 1,817,513 621,335 9,163.6 7,729.9 28,053 26,566 52,680 290,964 290,448
2004 11,685.9 10,675.8 1,903,194 655,361 9,727.2 8,008.9 29,563 27,274 54,061 293,644 293,192
2005 12,421.9 10,989.5 2,012,422 689,057 10,269.8 8,121.4 30,576 27,403 56,194 296,373 295,896
2006 13,178.4 11,294.8 2,121,946 727,967 10,993.9 8,407.0 32,222 28,098 58,407 299,199 298,755
2007 13,807.5 11,523.9 11,663.2 8,644.0 33,667 28,614 302,087 301,621
— 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, Money Income in the United States, Series P-60, various years; Population Estimates, retrieved August 12, 2008, from http://www.census.gov/popest/datasets.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 August 12, 2008, from http://www.bea.gov/national/Index.htm. (This table was prepared August 2008.)

2008 Tables and Figures All Years of Tables and Figures Most Recent Full Issue of the Digest