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.