Macro-economic indicators, 1968 to present
George Candler
August 2010
|
Budgets, the economy and debt -- from Johnson to Carter |
|||||||||||
|
Year |
President |
GPD |
Inflation |
Employment |
Federal budget (%GDP) |
Federal debt held by public |
|||||
|
Current ($b) |
Change (%) |
% Population |
Jobless (%) |
Revenues |
Outlays |
Balance |
Current ($b) |
% GDP |
|||
|
1968 |
Johnson |
910 |
4.8 |
4.7 |
57.5 |
3.6 |
17.6 |
20.5 |
-2.9 |
289.5 |
33.3 |
|
1969 |
Johnson |
984 |
3.1 |
6.2 |
58.0 |
3.5 |
19.7 |
19.4 |
+0.3 |
278.1 |
29.3 |
|
1970 |
Nixon |
1038 |
0.2 |
5.6 |
57.4 |
4.9 |
19.0 |
19.3 |
-0.3 |
283.2 |
28.0 |
|
1971 |
Nixon |
1127 |
3.4 |
3.3 |
56.6 |
5.9 |
17.3 |
19.5 |
-2.1 |
303.0 |
28.1 |
|
1972 |
Nixon |
1238 |
5.3 |
3.4 |
57.0 |
5.6 |
17.6 |
19.6 |
-2.0 |
322.4 |
27.4 |
|
1973 |
Nixon |
1382 |
5.8 |
8.7 |
57.8 |
4.9 |
17.6 |
18.7 |
-1.1 |
340.9 |
26.0 |
|
1974 |
Nixon |
1500 |
-0.5 |
12.3 |
57.8 |
5.6 |
18.3 |
18.7 |
-0.4 |
343.7 |
23.9 |
|
1975 |
Nixon |
1638 |
-0.2 |
6.9 |
56.1 |
8.5 |
17.9 |
21.3 |
-3.4 |
394.7 |
25.3 |
|
1976 |
Ford |
1825 |
5.3 |
4.9 |
56.8 |
7.7 |
17.1 |
21.4 |
-4.2 |
477.4 |
27.5 |
|
1977 |
Ford |
2030 |
4.6 |
6.7 |
57.9 |
7.1 |
18.0 |
20.7 |
-2.7 |
549.1 |
27.8 |
|
1978 |
Carter |
2294 |
5.6 |
9.0 |
59.3 |
6.1 |
18.0 |
20.7 |
-2.7 |
607.1 |
27.4 |
|
1979 |
Carter |
2562 |
3.2 |
13.3 |
59.9 |
5.8 |
18.5 |
20.1 |
-1.6 |
640.3 |
25.6 |
|
1980 |
Carter |
2788 |
-0.2 |
12.5 |
59.2 |
7.1 |
19.0 |
21.7 |
-2.7 |
711.9 |
26.1 |
| 1981 | Carter |
3127 |
2.5 |
8.9 |
59.0 |
7.6 |
19.6 |
22.2 |
-2.6 |
789.4 |
25.8 |
| 1968-81 | -- | 3.1 | 7.6 | +1.5 | 6.0 | +2.0 | +1.7 | -2.0 | +499.9 | -7.5 | |
|
Budgets, the economy and debt -- Reagan and GHW Bush |
||||||||||
|
Year |
GDP |
Inflation |
Employment |
Federal budget (%GDP) |
Federal debt held by public |
|||||
|
Current ($b) |
Change (%) |
% Population |
Jobless (%) |
Revenues |
Outlays |
Balance |
Current ($b) |
% GDP |
||
|
1982 |
3253 |
-1.9 |
3.8 |
57.8 |
9.7 |
19.2 |
23.1 |
-4.0 |
924.6 |
28.7 |
|
1983 |
3535 |
4.5 |
3.8 |
57.9 |
9.6 |
17.4 |
23.5 |
-6.0 |
1137.3 |
33.0 |
|
1984 |
3931 |
7.2 |
3.9 |
59.5 |
7.5 |
17.3 |
22.1 |
-4.8 |
1307.0 |
34.0 |
|
1985 |
4218 |
4.1 |
3.8 |
60.1 |
7.2 |
17.7 |
22.8 |
-5.1 |
1507.3 |
36.3 |
|
1986 |
4460 |
3.5 |
1.1 |
60.7 |
7.0 |
17.5 |
22.5 |
-5.0 |
1740.6 |
39.5 |
|
1987 |
4736 |
3.4 |
4.4 |
61.5 |
6.2 |
18.4 |
21.6 |
-3.2 |
1889.8 |
40.6 |
|
1988 |
5100 |
4.1 |
4.4 |
62.3 |
5.5 |
18.1 |
21.2 |
-3.1 |
2051.6 |
40.9 |
|
1989 |
5482 |
3.5 |
4.6 |
63.0 |
5.3 |
18.3 |
21.2 |
-2.8 |
2190.7 |
40.6 |
|
1990 |
5801 |
1.9 |
6.1 |
62.8 |
5.6 |
18.0 |
21.8 |
-3.9 |
2411.6 |
42.0 |
|
1991 |
5992 |
-0.2 |
3.1 |
61.7 |
6.8 |
17.8 |
22.3 |
-4.5 |
2689.0 |
45.3 |
|
1992 |
6342 |
3.3 |
2.9 |
61.5 |
7.5 |
17.5 |
22.1 |
-4.7 |
2999.7 |
48.1 |
|
1993 |
6667 |
2.7 |
2.7 |
61.7 |
6.9 |
17.5 |
21.4 |
-3.9 |
3248.4 |
49.4 |
| Totals | -- | 2.8 | 3.7 | +2.7 | 7.1 | -2.1 | -0.8 | -4.3 | +2459.0 | +23.6 |
|
Budgets, the economy and debt -- Clinton |
||||||||||
|
Year |
GDP |
Inflation |
Employment |
Federal budget (%GDP) |
Federal debt held by public |
|||||
|
Current ($b) |
Growth % |
% Population |
Jobless (%) |
Revenues |
Outlays |
Balance |
Current ($b) |
% GDP |
||
|
1994 |
7085 |
4.0 |
2.7 |
62.5 |
6.1 |
18.0 |
21.0 |
-2.9 |
3433.1 |
49.3 |
|
1995 |
7415 |
2.5 |
2.5 |
62.9 |
5.6 |
18.4 |
20.6 |
-2.2 |
3604.4 |
49.2 |
|
1996 |
7839 |
3.7 |
3.3 |
63.2 |
5.4 |
18.8 |
20.2 |
-1.4 |
3734.1 |
48.4 |
|
1997 |
8332 |
4.5 |
1.7 |
63.8 |
4.9 |
19.2 |
19.5 |
-0.3 |
3772.3 |
45.9 |
|
1998 |
8794 |
4.2 |
1.6 |
64.1 |
4.5 |
19.9 |
19.1 |
+0.8 |
3721.1 |
43.0 |
|
1999 |
9354 |
4.5 |
2.7 |
64.3 |
4.2 |
19.8 |
18.5 |
+1.4 |
3632.4 |
39.4 |
|
2000 |
9952 |
3.7 |
3.4 |
64.4 |
4.0 |
20.6 |
18.2 |
+2.4 |
3409.8 |
34.7 |
|
2001 |
10,286 |
0.8 |
1.6 |
63.7 |
4.7 |
19.5 |
18.2 |
+1.3 |
3319.6 |
32.5 |
| Totals | -- | 3.5 | 2.3 | +2.0 | 4.9 | +2.3 | -2.9 | -0.1 | +71.2 | -16.4 |
|
Budgets, the economy and debt -- GW Bush |
||||||||||
|
Year |
GDP |
Inflation |
Employment |
Federal budget (%GDP) |
Federal debt held by public |
|||||
|
Current ($b) |
Growth % |
% Population |
Jobless (%) |
Revenues |
Outlays |
Balance |
Current ($b) |
% GDP |
||
|
2002 |
10,642 |
1.6 |
2.4 |
62.7 |
5.8 |
17.6 |
19.1 |
-1.5 |
3540.4 |
33.6 |
|
2003 |
11,142 |
2.5 |
1.9 |
62.3 |
6.0 |
16.2 |
19.7 |
-3.5 |
3913.4 |
35.6 |
|
2004 |
11,868 |
3.6 |
3.3 |
62.3 |
5.5 |
16.1 |
19.6 |
-3.6 |
4295.5 |
36.8 |
|
2005 |
12,638 |
3.1 |
3.4 |
62.7 |
5.1 |
17.3 |
19.9 |
-2.6 |
4592.2 |
36.9 |
|
2006 |
13,399 |
2.7 |
2.5 |
63.1 |
4.6 |
18.2 |
20.1 |
-1.9 |
4829.0 |
36.5 |
|
2007 |
14,062 |
1.9 |
4.1 |
63.0 |
4.6 |
18.5 |
19.6 |
-1.2 |
5035.3 |
36.2 |
|
2008 |
14,369 |
0.0 |
0.1 |
62.2 |
5.8 |
17.5 |
20.7 |
-3.2 |
5803 |
40.2 |
| 2009 | 14,119 | -2.6 | 2.7 | 59.3 | 9.3 | 14.8 | 24.7 | -9.9 | 7612** | 53.0 |
| Totals | -- | 1.6 | 2.6 | -4.4 | 5.8 | -4.7 | +6.5 | -3.3 | +4292 | +20.5 |
Sources:
Congressional Budget Office, "Historical Budget Data."
Bureau of Economic Analysis, "Current-Dollar and 'Real' Gross Domestic Product," "Gross Domestic Product tables."
Bureau of Labor Statistics, "Consumer Price Index," "Civilian Labor Force."
Notes:
Totals are averages during the period in question for GDP growth, inflation, jobless rate, and federal budget balance. For others (employed persons as a percent of the population, revenues, outlays, and total debt), the last year of the previous administration is compared to the last year of the administration in question.