Table 106.60.

Gross domestic product, state and local expenditures, national income, personal income, disposable personal income, median family income, and population: Selected years, 1929 through 2020

Year	Gross domestic product (in billions)		State and local direct general expenditures (in millions)1		National income (in billions)	Personal income (in billions)	Disposable personal income (in billions of chained 2012 dollars)2	Disposable personal income per capita		Median family income		Population (in thousands)
	Current dollars	Chained 2012 dol- lars2	All direct general expendi- tures	Education expendi- tures				Current dollars	Chained 2012 dol- lars2	Current dollars	Constant 2020 dol-lars3	Midyear data4	Resident as of July 15
1	2	3	4	5	6	7	8	9	10	11	12	13	14
1929	$104.6	$1,110.2	---	---	$94.2	$85.3	$897.1	$686	$7,361	---	---	121,878	121,767
1939	93.4	1,223.2	---	---	82.4	73.6	982.2	551	7,496	---	---	131,028	130,880
1940	102.9	1,331.1	$9,229	$2,638	91.5	79.4	1,049.3	588	7,942	---	---	132,122	132,122
1950	299.8	2,291.1	22,787	7,177	266.6	233.7	1,617.9	1,416	10,666	---	---	151,684	152,271
1960	542.4	3,262.1	51,876	18,719	478.9	422.1	2,282.9	2,080	12,629	$5,620	$43,106	180,760	180,671
1970	1,073.3	4,954.4	131,332	52,718	937.5	865.0	3,637.0	3,715	17,734	9,867	58,862	205,089	205,052
1971	1,164.9	5,117.6	150,674	59,413	1,014.0	932.8	3,805.2	4,002	18,321	10,285	58,780	207,692	207,661
1972	1,279.1	5,386.7	168,550	65,814	1,119.5	1,024.5	3,988.4	4,291	18,999	11,116	61,680	209,924	209,896
1973	1,425.4	5,690.9	181,357	69,714	1,253.2	1,140.8	4,236.5	4,758	19,989	12,051	62,929	211,939	211,909
1974	1,545.2	5,660.1	198,959	75,833	1,346.4	1,251.8	4,188.7	5,146	19,583	12,902	61,248	213,898	213,854
1975	1,684.9	5,648.5	230,721	87,858	1,446.0	1,369.4	4,291.4	5,657	19,869	13,719	60,180	215,981	215,973
1976	1,873.4	5,952.8	256,731	97,216	1,609.4	1,502.6	4,428.5	6,098	20,306	14,958	62,046	218,086	218,035
1977	2,081.8	6,228.1	274,215	102,780	1,792.8	1,659.2	4,568.8	6,634	20,740	16,009	62,463	220,289	220,239
1978	2,351.6	6,572.8	296,984	110,758	2,022.7	1,863.7	4,776.4	7,340	21,455	17,640	64,410	222,629	222,585
1979	2,627.3	6,780.9	327,517	119,448	2,240.3	2,082.7	4,869.1	8,057	21,630	19,587	65,324	225,106	225,055
1980	2,857.3	6,763.5	369,086	133,211	2,418.6	2,323.6	4,905.6	8,888	21,542	21,023	63,052	227,726	227,225
1981	3,207.0	6,935.2	407,449	145,784	2,714.7	2,605.1	5,025.4	9,823	21,849	22,388	61,354	230,008	229,466
1982	3,343.8	6,810.1	436,733	154,282	2,834.5	2,791.6	5,135.0	10,494	22,113	23,433	60,560	232,218	231,664
1983	3,634.0	7,122.3	466,516	163,876	3,051.5	2,981.1	5,312.2	11,216	22,669	24,580	60,923	234,333	233,792
1984	4,037.6	7,637.7	505,008	176,108	3,433.9	3,292.7	5,677.1	12,330	24,016	26,433	62,898	236,394	235,825
1985	4,339.0	7,956.2	553,899	192,686	3,669.9	3,524.9	5,847.6	13,027	24,518	27,735	63,806	238,506	237,924
1986	4,579.6	8,231.7	605,623	210,819	3,831.2	3,733.1	6,069.8	13,691	25,219	29,458	66,604	240,683	240,133
1987	4,855.2	8,516.4	657,134	226,619	4,098.5	3,961.6	6,204.1	14,297	25,548	30,970	67,694	242,843	242,289
1988	5,236.4	8,872.2	704,921	242,683	4,471.6	4,283.4	6,496.0	15,414	26,508	32,191	67,909	245,061	244,499
1989	5,641.6	9,198.0	762,360	263,898	4,760.1	4,625.6	6,686.2	16,403	27,027	34,213	69,152	247,387	246,819
1990	5,963.1	9,371.5	834,818	288,148	5,013.8	4,913.8	6,817.4	17,264	27,250	35,353	68,098	250,181	249,623
1991	6,158.1	9,361.3	908,108	309,302	5,164.4	5,084.9	6,867.0	17,734	27,086	35,939	66,796	253,530	252,981
1992	6,520.3	9,691.1	981,253	324,652	5,475.2	5,420.9	7,152.9	18,714	27,841	36,573	66,326	256,922	256,514
1993	6,858.6	9,957.7	1,033,167	342,287	5,730.3	5,657.9	7,271.1	19,245	27,935	36,959	65,377	260,282	259,919
1994	7,287.2	10,358.9	1,077,665	353,287	6,114.6	5,947.1	7,470.6	19,943	28,356	38,782	67,199	263,455	263,126
1995	7,639.7	10,637.0	1,146,188	378,273	6,452.3	6,291.4	7,718.9	20,792	28,954	40,611	68,712	266,588	266,278
1996	8,073.1	11,038.3	1,189,356	398,859	6,870.6	6,678.5	7,964.2	21,658	29,528	42,300	69,714	269,714	269,394
1997	8,577.6	11,529.2	1,247,436	419,053	7,349.9	7,092.5	8,255.8	22,570	30,246	44,568	71,897	272,958	272,647
1998	9,062.8	12,045.8	1,314,496	450,365	7,825.7	7,606.7	8,740.4	23,806	31,651	46,737	74,389	276,154	275,854
1999	9,630.7	12,623.4	1,398,533	483,259	8,291.5	8,006.8	9,052.7	24,684	32,409	48,831	76,101	279,328	279,040
2000	10,252.3	13,138.0	1,502,768	521,612	8,872.4	8,655.9	9,692.1	26,274	33,645	50,732	76,469	282,398	282,162
2001	10,581.8	13,263.4	1,621,757	563,572	9,146.6	9,012.8	9,759.2	27,255	34,216	51,407	75,342	285,225	284,969
2002	10,936.4	13,488.4	1,732,478	594,694	9,394.2	9,160.9	10,047.8	28,160	34,894	51,680	74,566	287,955	287,625
2003	11,458.2	13,865.5	1,817,513	621,335	9,815.8	9,498.5	10,309.7	29,230	35,474	52,680	74,321	290,626	290,108
2004	12,213.7	14,399.7	1,903,915	655,182	10,495.8	10,044.3	10,652.8	30,674	36,325	54,061	74,263	293,262	292,805
2005	13,036.6	14,901.3	2,007,490	688,314	11,195.5	10,604.9	10,811.4	31,732	36,526	56,194	74,664	295,993	295,517
2006	13,814.6	15,315.9	2,117,161	728,917	11,942.3	11,384.7	11,226.5	33,558	37,570	58,407	75,168	298,818	298,380
2007	14,474.2	15,623.9	2,259,364	774,170	12,297.3	12,021.4	11,492.6	34,899	38,093	61,355	76,784	301,696	301,231
2008	14,769.9	15,643.0	2,401,417	826,061	12,359.3	12,477.6	11,630.0	36,021	38,188	61,521	74,144	304,543	304,094
2009	14,478.1	15,236.3	2,495,901	851,689	12,054.8	12,059.1	11,617.9	35,568	37,814	60,088	72,670	307,240	306,772
2010	15,049.0	15,649.0	2,537,892	860,118	12,781.1	12,594.5	11,861.4	36,654	38,282	60,236	71,667	309,839	309,327
2011	15,599.7	15,891.5	2,579,509	862,271	13,375.5	13,339.3	12,107.2	38,059	38,769	60,974	70,328	312,295	311,583
2012	16,254.0	16,254.0	2,591,987	870,321	14,099.6	14,014.3	12,504.8	39,732	39,732	62,241	70,300	314,725	313,878
2013	16,843.2	16,553.3	2,628,752	878,957	14,507.1	14,193.6	12,350.0	39,474	38,947	65,471	72,869	317,099	316,060
2014	17,550.7	16,932.1	2,719,820	906,016	15,228.1	14,976.6	12,821.9	41,276	40,118	66,632	72,926	319,601	318,386
2015	18,206.0	17,390.3	2,841,079	934,353	15,749.5	15,685.2	13,330.0	42,672	41,383	70,697	77,242	322,113	320,739
2016	18,695.1	17,680.3	2,961,032	973,025	16,033.4	16,096.9	13,575.5	43,556	41,821	72,707	78,426	324,609	323,072
2017	19,479.6	18,079.1	3,074,958	1,013,378	16,774.9	16,850.2	13,956.6	45,283	42,699	76,135	80,395	326,860	325,122
2018	20,527.2	18,606.8	3,203,175	1,046,585	17,673.3	17,706.0	14,429.4	47,536	43,886	78,646	81,070	328,794	326,838
2019	21,372.6	19,032.7	3,336,134	1,088,239	18,273.1	18,424.4	14,755.2	49,073	44,644	86,011	87,085	330,513	328,330
2020	20,893.7	18,384.7	---	---	17,710.7	19,627.6	15,672.8	52,544	47,241	84,008	84,008	331,761	329,484

---Not available.

1 Data for years prior to 1970 include expenditures for government fiscal years ending during that particular calendar year. Data for 1970 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 changes both in prices and in the composition of output. More information is available at https://apps.bea.gov/scb/account_articles/national/0597od/maintext.htm.

3 Data adjusted by the CPU-RS, which is a price index of inflation that incorporates most of the improvements in methodology made to the current CPI-U since 1978 into a single, uniform series. See Census Bureau, Money Income in the United States: 1999 (http://www.census.gov/prod/2000pubs/p60-209.pdf).

4 Population of the United States including armed forces overseas. Includes Alaska and Hawaii beginning in 1960.

5 Resident population of the United States. Includes Alaska and Hawaii beginning in 1958. Excludes overseas armed forces personnel.

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 Survey, Income, retrieved April 26, 2022, from https://census.gov/data/tables/time-series/demo/income-poverty/historical-income-families.html; Population Estimates, retrieved June 2, 2015, from https://www.census.gov/data/datasets/time-series/demo/popest/intercensal-2000-2010-national.html, and 2010 through 2021 Population Estimates, retrieved April 26, 2022, from https://www.census.gov/data/datasets/time-series/demo/popest/2010s-national-detail.html; and State and Local Government Finances, retrieved April 27, 2022, from https://www.census.gov/programs-surveys/gov-finances.html. U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts Tables, retrieved April 27, 2022, from https://apps.bea.gov/iTable/index_nipa.cfm. (This table was prepared May 2022.)