Gross domestic product, state and local expenditures, personal income, disposable personal income, median family income, and population: 1929 to 1998

Table 37

____________________________________________________________________________________________________________________
      | Gross domestic   |   State and local   |        |Disposable|   Disposable  |          | Total population,
      |    product,      |   expenditures,\1\  |Personal| personal |personal income|   Median |   in thousands
 Year |  in billions     |    in millions      |income, |income, in|   per capita  |   family |_____________________
      |__________________|_____________________|   in   | billions |_______________|   income |  Annual   |
      |        | Chained |All general|Education|billions|of chained|       |Chained|          |averages of|  As of
      |Current |  1992   | expendi-  |expendi- |        |   1992   |Current| 1992  |          | quarterly |July 1\3\
      |dollars | dollars |   tures   |  tures  |        | dollars  |dollars|dollars|          |  data\2\  |
______|________|_________|___________|_________|________|__________|_______|_______|__________|___________|_________
  1   |   2    |    3    |     4     |    5    |   6    |    7     |   8   |   9   |     10   |    11     |   12
______|________|_________|___________|_________|________|__________|_______|_______|__________|___________|_________
1929 .| $103.8 |  $790.9 |       --- |     --- |  $85.2 |   $635.3 |  $680 |$5,213 |      --- |       --- | 121,878
1933 .|   56.2 |   577.3 |       --- |     --- |   46.8 |    481.6 |   363 | 3,831 |      --- |       --- | 125,690
1939 .|   91.9 |   866.5 |       --- |     --- |   72.8 |    687.9 |   539 | 5,250 |      --- |       --- | 131,028
1940 .|  101.2 |   941.2 |    $9,229 |  $2,638 |   78.3 |    734.3 |   575 | 5,558 |      --- |       --- | 132,122
      |        |         |           |         |        |          |       |       |          |           |
1941 .|  126.7 | 1,101.8 |       --- |     --- |   96.0 |    845.6 |   697 | 6,339 |      --- |       --- | 133,402
1942 .|  161.6 | 1,308.9 |     9,190 |   2,586 |  123.3 |    952.8 |   872 | 7,065 |      --- |       --- | 134,860
1943 .|  198.3 | 1,523.0 |       --- |     --- |  151.8 |    995.8 |   982 | 7,282 |      --- |       --- | 136,739
1944 .|  219.7 | 1,644.7 |     8,863 |   2,793 |  165.7 |  1,031.3 | 1,062 | 7,452 |      --- |       --- | 138,397
1945 .|  223.2 | 1,626.7 |       --- |     --- |  171.3 |  1,016.8 | 1,077 | 7,267 |      --- |       --- | 139,928
      |        |         |           |         |        |          |       |       |          |           |
1946 .|  222.6 | 1,447.7 |    11,028 |   3,356 |  179.0 |  1,011.0 | 1,136 | 7,150 |      --- |       --- | 141,389
1947 .|  244.6 | 1,430.7 |       --- |     --- |  191.8 |    974.1 | 1,185 | 6,759 |   $3,031 |       --- | 144,126
1948 .|  269.7 | 1,491.0 |    17,684 |   5,379 |  210.7 |  1,025.6 | 1,297 | 6,994 |    3,187 |       --- | 146,631
1949 .|  267.8 | 1,479.8 |       --- |     --- |  207.8 |  1,031.6 | 1,272 | 6,915 |    3,107 |       --- | 149,188
1950 .|  294.6 | 1,611.3 |    22,787 |   7,177 |  229.7 |  1,124.7 | 1,382 | 7,415 |    3,319 |       --- | 151,684
      |        |         |           |         |        |          |       |       |          |           |
1951 .|  339.7 | 1,734.0 |       --- |     --- |  258.6 |  1,157.3 | 1,492 | 7,501 |    3,709 |       --- | 154,287
1952 .|  358.6 | 1,798.7 |    26,098 |   8,318 |  276.0 |  1,194.8 | 1,545 | 7,613 |    3,890 |       --- | 156,954
1953 .|  379.7 | 1,881.4 |    27,910 |   9,390 |  292.9 |  1,254.3 | 1,617 | 7,861 |    4,242 |       --- | 159,565
1954 .|  381.3 | 1,868.2 |    30,701 |  10,557 |  255.7 |  1,270.2 | 1,625 | 7,822 |    4,167 |       --- | 162,391
1955 .|  415.1 | 2,001.1 |    33,724 |  11,907 |  317.3 |  1,355.6 | 1,710 | 8,202 |    4,418 |       --- | 165,275
      |        |         |           |         |        |          |       |       |          |           |
1956 .|  438.0 | 2,040.2 |    36,711 |  13,220 |  340.5 |  1,418.5 | 1,794 | 8,432 |    4,780 |       --- | 168,221
1957 .|  461.0 | 2,078.5 |    40,375 |  14,134 |  359.6 |  1,452.6 | 1,859 | 8,481 |    4,966 |       --- | 171,274
1958 .|  467.3 | 2,057.5 |    44,851 |  15,919 |  370.3 |  1,466.4 | 1,892 | 8,421 |    5,087 |       --- | 174,882
1959 .|  507.2 | 2,210.2 |    48,887 |  17,283 |  394.4 |  1,530.1 | 1,971 | 8,641 |    5,417 |   177,073 | 177,830
1960 .|  526.6 | 2,262.9 |    51,876 |  18,719 |  412.5 |  1,565.4 | 2,008 | 8,660 |    5,620 |   180,760 | 180,671
      |        |         |           |         |        |          |       |       |          |           |
1961 .|  544.8 | 2,314.3 |    56,201 |  20,574 |  430.0 |  1,615.8 | 2,062 | 8,794 |    5,735 |   183,742 | 183,691
1962 .|  585.2 | 2,454.8 |    60,206 |  22,216 |  457.0 |  1,693.7 | 2,151 | 9,077 |    5,956 |   186,590 | 186,538
1963 .|  617.4 | 2,559.4 |    63,977 |  23,729 |  480.0 |  1,755.5 | 2,225 | 9,274 |    6,249 |   189,300 | 189,242
1964 .|  663.0 | 2,708.4 |    69,302 |  26,286 |  514.5 |  1,881.9 | 2,384 | 9,805 |    6,569 |   191,927 | 191,889
1965 .|  719.1 | 2,881.1 |    74,678 |  28,563 |  556.7 |  2,000.2 | 2,541 |10,292 |    6,957 |   194,347 | 194,303
      |        |         |           |         |        |          |       |       |          |           |
1966 .|  787.8 | 3,069.2 |    82,843 |  33,287 |  605.7 |  2,106.6 | 2,715 |10,715 |    7,532 |   196,599 | 196,560
1967 .|  833.6 | 3,147.2 |    93,350 |  37,919 |  650.7 |  2,198.4 | 2,877 |11,061 |    7,933 |   198,752 | 198,712
1968 .|  910.6 | 3,293.9 |   102,411 |  41,158 |  714.5 |  2,298.2 | 3,096 |11,448 |    8,632 |   200,745 | 200,706
1969 .|  982.2 | 3,393.6 |   116,728 |  47,238 |  779.3 |  2,373.6 | 3,297 |11,708 |    9,433 |   202,736 | 202,677
1970 .|1,035.6 | 3,397.6 |   131,332 |  52,718 |  837.1 |  2,465.6 | 3,545 |12,022 |    9,867 |   205,089 | 205,052
      |        |         |           |         |        |          |       |       |          |           |
1971 .|1,125.4 | 3,510.0 |   150,674 |  59,413 |  900.2 |  2,564.0 | 3,805 |12,345 |   10,285 |   207,692 | 207,661
1972 .|1,237.3 | 3,702.3 |   168,550 |  65,814 |  988.8 |  2,680.8 | 4,074 |12,770 |   11,116 |   209,924 | 209,896
1973 .|1,382.6 | 3,916.3 |   181,357 |  69,714 |1,107.5 |  2,869.4 | 4,553 |13,539 |   12,051 |   211,939 | 211,909
1974 .|1,496.9 | 3,891.2 |   198,959 |  75,833 |1,215.9 |  2,847.0 | 4,928 |13,310 |   12,902 |   213,898 | 213,854
1975 .|1,630.6 | 3,873.9 |   230,721 |  87,858 |1,319.0 |  2,895.0 | 5,367 |13,404 |   13,719 |   215,981 | 215,973
      |        |         |           |         |        |          |       |       |          |           |
1976 .|1,819.0 | 4,082.9 |   256,731 |  97,216 |1,459.4 |  3,008.0 | 5,837 |13,793 |   14,958 |   218,086 | 218,035
1977 .|2,026.9 | 4,273.6 |   274,215 | 102,780 |1,616.1 |  3,105.1 | 6,362 |14,095 |   16,009 |   220,289 | 220,239
1978 .|2,291.4 | 4,503.0 |   296,984 | 110,758 |1,825.9 |  3,264.2 | 7,097 |14,662 |   17,640 |   222,629 | 222,585
1979 .|2,557.5 | 4,630.6 |   327,517 | 119,448 |2,055.8 |  3,353.9 | 7,861 |14,899 |   19,587 |   225,106 | 225,055
1980 .|2,784.2 | 4,615.0 |   369,086 | 133,211 |2,293.0 |  3,373.3 | 8,665 |14,813 |   21,023 |   227,726 | 227,726
      |        |         |           |         |        |          |       |       |          |           |
1981 .|3,115.9 | 4,720.7 |   407,449 | 145,784 |2,568.5 |  3,452.3 | 9,566 |15,009 |   22,388 |   230,008 | 229,966
1982 .|3,242.1 | 4,620.3 |   436,733 | 154,282 |2,724.1 |  3,483.0 |10,108 |14,999 |   23,433 |   232,218 | 232,188
1983 .|3,514.5 | 4,803.7 |   466,516 | 163,876 |2,894.4 |  3,579.9 |10,764 |15,277 |   24,674 |   234,332 | 234,307
1984 .|3,902.4 | 5,140.1 |   505,008 | 176,108 |3,211.4 |  3,841.9 |11,887 |16,252 |   26,433 |   236,394 | 236,348
1985 .|4,180.7 | 5,323.5 |   553,899 | 192,686 |3,440.9 |  3,958.6 |12,587 |16,597 |   27,735 |   238,506 | 238,466
      |        |         |           |         |        |          |       |       |          |           |
1986 .|4,422.2 | 5,487.7 |   605,623 | 210,819 |3,639.6 |  4,087.0 |13,244 |16,981 |   29,458 |   240,682 | 240,651
1987 .|4,692.3 | 5,649.5 |   657,134 | 226,619 |3,877.8 |  4,154.1 |13,849 |17,106 |\4\30,970 |   242,842 | 242,804
1988 .|5,049.6 | 5,865.2 |   704,921 | 242,683 |4,178.9 |  4,318.1 |14,857 |17,621 |\4\32,191 |   245,061 | 245,021
1989 .|5,438.7 | 6,062.0 |   762,360 | 263,898 |4,496.4 |  4,403.7 |15,742 |17,801 |\4\34,213 |   247,387 | 247,342
1990 .|5,743.8 | 6,136.3 |   834,818 | 288,148 |4,796.2 |  4,484.6 |16,670 |17,942 |\4\35,353 |   249,956 | 249,949
      |        |         |           |         |        |          |       |       |          |           |
1991 .|5,916.7 | 6,079.4 |   908,108 | 309,302 |4,965.6 |  4,483.5 |17,179 |17,744 |\4\35,939 |   252,680 | 252,636
1992 .|6,244.4 | 6,244.4 |   981,253 | 324,652 |5,255.7 |  4,605.1 |18,029 |18,029 |\4\36,573 |   255,432 | 255,382
1993 .|6,558.1 | 6,389.6 | 1,033,167 | 342,287 |5,481.0 |  4,666.7 |18,558 |18,077 |\4\36,959 |   258,161 | 258,089
1994 .|6,947.0 | 6,610.7 | 1,077,665 | 353,287 |5,757.9 |  4,772.9 |19,251 |18,308 |\4\38,782 |   260,705 | 260,602
1995 .|7,269.6 | 6,761.7 | 1,149,863 | 378,273 |6,072.1 |  4,906.0 |20,050 |18,640 |\4\40,611 |   263,194 | 263,039
      |        |         |           |         |        |          |       |       |          |           |
1996 .|7,661.6 | 6,994.8 | 1,193,276 | 398,859 |6,425.2 |  5,043.0 |20,840 |18,989 |\4\42,300 |   265,579 | 265,453
1997 .|8,110.9 | 7,269.8 |       --- |     --- |6,784.0 |  5,183.1 |21,633 |19,349 |\4\44,568 |   267,880 | 267,901
1998 .|8,466.2 | 7,509.9 |       --- |     --- |7,082.2 |  5,324.2 |22,204 |19,727 |\4\46,737 |   269,900 | 270,290
______|________|_________|___________|_________|________|__________|_______|_______|__________|___________|_________

\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 which 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\Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Quarterly data are averages for the period.
\3\Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1958. Includes revisions based on the 1990 Census.
\4\Revised methodology.
---Data not available.

NOTE.--Gross domestic product 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: Executive Office of the President, Economic Report of the President, February 1999, and Economic Indicators, September 1998; and U.S. Department of Commerce, Bureau of the Census, Money Income in the United States, Series P-60, No. 200; and Bureau of Economic Analysis, Survey of Current Business. (This table was prepared September 1999.)

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