CURRENT DOLLAR AND REAL GROSS DOMESTIC PRODUCT: 1929-2012
GDP GDP Annualized Real Growth
(billion (billion -------------------------
current chained Last Last 5 Last 10
Year dollars) 2005 $) Year Years Years
---- -------- -------- ------- ------- -------
1929 103.6 976.1
1930 91.2 892.0 -8.6
1931 76.5 834.2 -6.5
1932 58.7 725.2 -13.1
1933 56.4 715.8 -1.3
1934 66.0 793.7 10.9 -4.1
1935 73.3 864.2 8.9 -0.6
1936 83.8 977.0 13.1 3.2
1937 91.9 1027.1 5.1 7.2
1938 86.1 991.8 -3.4 6.7
1939 92.2 1071.9 8.1 6.2 0.9
1940 101.4 1165.9 8.8 6.2 2.7
1941 126.7 1365.0 17.1 6.9 5.0
1942 161.9 1616.8 18.4 9.5 8.3
1943 198.6 1881.5 16.4 13.7 10.1
1944 219.8 2033.5 8.1 13.7 9.9
1945 223.0 2010.7 -1.1 11.5 8.8
1946 222.2 1790.7 -10.9 5.6 6.2
1947 244.1 1774.6 -0.9 1.9 5.6
1948 269.1 1852.7 4.4 -0.3 6.4
1949 267.2 1843.1 -0.5 -1.9 5.6
1950 293.7 2004.2 8.7 -0.1 5.6
1951 339.3 2159.3 7.7 3.8 4.7
1952 358.3 2242.0 3.8 4.8 3.3
1953 379.3 2345.2 4.6 4.8 2.2
1954 380.4 2330.4 -0.6 4.8 1.4
1955 414.7 2498.2 7.2 4.5 2.2
1956 437.4 2547.6 2.0 3.4 3.6
1957 461.1 2598.8 2.0 3.0 3.9
1958 467.2 2575.4 -0.9 1.9 3.3
1959 506.6 2760.1 7.2 3.4 4.1
1960 526.4 2828.5 2.5 2.5 3.5
1961 544.8 2894.4 2.3 2.6 3.0
1962 585.7 3069.8 6.1 3.4 3.2
1963 617.8 3204.0 4.4 4.5 3.2
1964 663.6 3389.4 5.8 4.2 3.8
1965 719.1 3607.0 6.4 5.0 3.7
1966 787.7 3842.1 6.5 5.8 4.2
1967 832.4 3939.2 2.5 5.1 4.2
1968 909.8 4129.9 4.8 5.2 4.8
1969 984.4 4258.2 3.1 4.7 4.4
1970 1038.3 4266.3 0.2 3.4 4.2
1971 1126.8 4409.5 3.4 2.8 4.3
1972 1237.9 4643.8 5.3 3.3 4.2
1973 1382.3 4912.8 5.8 3.5 4.4
1974 1499.5 4885.7 -0.6 2.8 3.7
1975 1637.7 4875.4 -0.2 2.7 3.1
1976 1824.6 5136.9 5.4 3.1 2.9
1977 2030.1 5373.1 4.6 3.0 3.2
1978 2293.8 5672.8 5.6 2.9 3.2
1979 2562.2 5850.1 3.1 3.7 3.2
1980 2788.1 5834.0 -0.3 3.7 3.2
1981 3126.8 5982.1 2.5 3.1 3.1
1982 3253.2 5865.9 -1.9 1.8 2.4
1983 3534.6 6130.9 4.5 1.6 2.2
1984 3930.9 6571.5 7.2 2.4 3.0
1985 4217.5 6843.4 4.1 3.2 3.4
1986 4460.1 7080.5 3.5 3.4 3.3
1987 4736.4 7307.0 3.2 4.5 3.1
1988 5100.4 7607.4 4.1 4.4 3.0
1989 5482.1 7879.2 3.6 3.7 3.0
1990 5800.5 8027.1 1.9 3.2 3.2
1991 5992.1 8008.3 -0.2 2.5 3.0
1992 6342.3 8280.0 3.4 2.5 3.5
1993 6667.4 8516.2 2.9 2.3 3.3
1994 7085.2 8863.1 4.1 2.4 3.0
1995 7414.7 9086.0 2.5 2.5 2.9
1996 7838.5 9425.8 3.7 3.3 2.9
1997 8332.4 9845.9 4.5 3.5 3.0
1998 8793.5 10274.7 4.4 3.8 3.1
1999 9353.5 10770.7 4.8 4.0 3.2
2000 9951.5 11216.4 4.1 4.3 3.4
2001 10286.2 11337.5 1.1 3.8 3.5
2002 10642.3 11543.1 1.8 3.2 3.4
2003 11142.2 11836.4 2.5 2.9 3.3
2004 11853.3 12246.9 3.5 2.6 3.3
2005 12623.0 12623.0 3.1 2.4 3.3
2006 13377.2 12958.5 2.7 2.7 3.2
2007 14028.7 13206.4 1.9 2.7 3.0
2008 14291.5 13161.9 -0.3 2.1 2.5
2009 13973.7 12757.9 -3.1 0.8 1.7
2010 14498.9 13063.0 2.4 0.7 1.5
2011 15075.7 13299.1 1.8 0.5 1.6
2012 15676.0 13588.8 2.2 0.6 1.6
--------------------------------------------------------------------------
CURRENT DOLLAR AND REAL GROSS DOMESTIC PRODUCT: 1947-2012
GDP GDP Annualized Real Growth
(billion (billion ----------------------------------
current chained Percent Last Last Last 5 Last 10
Year Qtr dollars) 2005 $) Change Quarter Year Years Years
---- --- -------- -------- ------- ------- ------- ------- -------
1947 1 237.2 1770.7
1947 2 240.4 1768.0 -0.2 -0.6
1947 3 244.5 1766.5 -0.1 -0.3
1947 4 254.3 1793.3 1.5 6.2
1948 1 260.3 1821.8 1.6 6.5 2.9
1948 2 267.3 1855.3 1.8 7.6 4.9
1948 3 273.8 1865.3 0.5 2.2 5.6
1948 4 275.1 1868.2 0.2 0.6 4.2
1949 1 269.9 1842.2 -1.4 -5.5 1.1
1949 2 266.2 1835.5 -0.4 -1.4 -1.1
1949 3 267.6 1856.1 1.1 4.6 -0.5
1949 4 265.2 1838.7 -0.9 -3.7 -1.6
1950 1 275.2 1913.0 4.0 17.2 3.8
1950 2 284.5 1971.2 3.0 12.7 7.4
1950 3 301.9 2048.4 3.9 16.6 10.4
1950 4 313.3 2084.4 1.8 7.2 13.4
1951 1 329.0 2110.7 1.3 5.1 10.3
1951 2 336.6 2145.7 1.7 6.8 8.9
1951 3 343.5 2188.5 2.0 8.2 6.8
1951 4 347.9 2192.2 0.2 0.7 5.2
1952 1 351.2 2214.3 1.0 4.1 4.9 4.6
1952 2 352.1 2216.7 0.1 0.4 3.3 4.6
1952 3 358.5 2231.6 0.7 2.7 2.0 4.8
1952 4 371.4 2305.3 3.3 13.9 5.2 5.2
1953 1 378.4 2348.4 1.9 7.7 6.1 5.2
1953 2 382.0 2366.2 0.8 3.1 6.7 5.0
1953 3 381.1 2351.8 -0.6 -2.4 5.4 4.7
1953 4 375.9 2314.6 -1.6 -6.2 0.4 4.4
1954 1 375.2 2303.5 -0.5 -1.9 -1.9 4.6
1954 2 376.0 2306.4 0.1 0.5 -2.5 4.7
1954 3 380.8 2332.4 1.1 4.6 -0.8 4.7
1954 4 389.4 2379.1 2.0 8.3 2.8 5.3
1955 1 402.6 2447.7 2.9 12.0 6.3 5.1
1955 2 410.9 2488.1 1.7 6.8 7.9 4.8
1955 3 419.4 2521.4 1.3 5.5 8.1 4.2
1955 4 426.0 2535.5 0.6 2.3 6.6 4.0
1956 1 428.3 2523.9 -0.5 -1.8 3.1 3.6
1956 2 434.2 2543.8 0.8 3.2 2.2 3.5
1956 3 439.2 2540.6 -0.1 -0.5 0.8 3.0
1956 4 448.1 2582.1 1.6 6.7 1.8 3.3
1957 1 457.2 2597.9 0.6 2.5 2.9 3.2 3.9
1957 2 459.2 2591.7 -0.2 -1.0 1.9 3.2 3.9
1957 3 466.4 2616.6 1.0 3.9 3.0 3.2 4.0
1957 4 461.5 2589.1 -1.1 -4.1 0.3 2.3 3.7
1958 1 453.9 2519.0 -2.7 -10.4 -3.0 1.4 3.3
1958 2 458.0 2534.5 0.6 2.5 -2.2 1.4 3.2
1958 3 471.7 2593.9 2.3 9.7 -0.9 2.0 3.4
1958 4 485.0 2654.3 2.3 9.6 2.5 2.8 3.6
1959 1 495.5 2708.0 2.0 8.3 7.5 3.3 3.9
1959 2 508.5 2776.4 2.5 10.5 9.5 3.8 4.2
1959 3 509.3 2773.1 -0.1 -0.5 6.9 3.5 4.1
1959 4 513.2 2782.8 0.3 1.4 4.8 3.2 4.2
1960 1 527.0 2845.3 2.2 9.3 5.1 3.1 4.0
1960 2 526.2 2832.0 -0.5 -1.9 2.0 2.6 3.7
1960 3 529.0 2836.6 0.2 0.7 2.3 2.4 3.3
1960 4 523.7 2800.2 -1.3 -5.0 0.6 2.0 3.0
1961 1 528.0 2816.9 0.6 2.4 -1.0 2.2 2.9
1961 2 539.0 2869.6 1.9 7.7 1.3 2.4 2.9
1961 3 549.5 2915.9 1.6 6.6 2.8 2.8 2.9
1961 4 562.6 2975.3 2.0 8.4 6.3 2.9 3.1
1962 1 576.1 3028.7 1.8 7.4 7.5 3.1 3.2
1962 2 583.2 3062.1 1.1 4.5 6.7 3.4 3.3
1962 3 590.0 3090.4 0.9 3.7 6.0 3.4 3.3
1962 4 593.3 3097.9 0.2 1.0 4.1 3.7 3.0
1963 1 602.5 3138.4 1.3 5.3 3.6 4.5 2.9
1963 2 611.2 3177.7 1.3 5.1 3.8 4.6 3.0
1963 3 623.9 3237.6 1.9 7.8 4.8 4.5 3.2
1963 4 633.5 3262.2 0.8 3.1 5.3 4.2 3.5
1964 1 649.6 3335.4 2.2 9.3 6.3 4.3 3.8
1964 2 658.9 3373.7 1.1 4.7 6.2 4.0 3.9
1964 3 670.5 3419.5 1.4 5.5 5.6 4.3 3.9
1964 4 675.6 3429.0 0.3 1.1 5.1 4.3 3.7
1965 1 695.7 3513.3 2.5 10.2 5.3 4.3 3.7
1965 2 708.1 3560.9 1.4 5.5 5.5 4.7 3.6
1965 3 725.2 3633.2 2.0 8.4 6.2 5.1 3.7
1965 4 747.5 3720.8 2.4 10.0 8.5 5.8 3.9
1966 1 770.8 3812.2 2.5 10.2 8.5 6.2 4.2
1966 2 779.9 3824.9 0.3 1.3 7.4 5.9 4.2
1966 3 793.1 3850.0 0.7 2.7 6.0 5.7 4.2
1966 4 806.9 3881.2 0.8 3.3 4.3 5.5 4.2
1967 1 817.8 3915.4 0.9 3.6 2.7 5.3 4.2
1967 2 822.3 3916.2 0.0 0.1 2.4 5.0 4.2
1967 3 837.0 3947.5 0.8 3.2 2.5 5.0 4.2
1967 4 852.7 3977.6 0.8 3.1 2.5 5.1 4.4
1968 1 879.8 4059.5 2.1 8.5 3.7 5.3 4.9
1968 2 904.1 4128.5 1.7 7.0 5.4 5.4 5.0
1968 3 919.3 4156.7 0.7 2.8 5.3 5.1 4.8
1968 4 936.2 4174.7 0.4 1.7 5.0 5.1 4.6
1969 1 960.9 4240.5 1.6 6.5 4.5 4.9 4.6
1969 2 976.1 4252.8 0.3 1.2 3.0 4.7 4.4
1969 3 996.3 4279.7 0.6 2.6 3.0 4.6 4.4
1969 4 1004.5 4259.6 -0.5 -1.9 2.0 4.4 4.3
1970 1 1017.1 4252.9 -0.2 -0.6 0.3 3.9 4.1
1970 2 1033.1 4260.7 0.2 0.7 0.2 3.7 4.2
1970 3 1050.5 4298.6 0.9 3.6 0.4 3.4 4.2
1970 4 1052.7 4253.0 -1.1 -4.2 -0.2 2.7 4.3
1971 1 1098.1 4370.3 2.8 11.5 2.8 2.8 4.5
1971 2 1118.8 4395.1 0.6 2.3 3.2 2.8 4.4
1971 3 1139.1 4430.2 0.8 3.2 3.1 2.8 4.3
1971 4 1151.4 4442.5 0.3 1.1 4.5 2.7 4.1
1972 1 1190.1 4521.9 1.8 7.3 3.5 2.9 4.1
1972 2 1225.6 4629.1 2.4 9.8 5.3 3.4 4.2
1972 3 1249.3 4673.5 1.0 3.9 5.5 3.4 4.2
1972 4 1286.6 4750.5 1.6 6.8 6.9 3.6 4.4
1973 1 1335.1 4872.0 2.6 10.6 7.7 3.7 4.5
1973 2 1371.5 4928.4 1.2 4.7 6.5 3.6 4.5
1973 3 1390.7 4902.1 -0.5 -2.1 4.9 3.4 4.2
1973 4 1431.8 4948.8 1.0 3.9 4.2 3.5 4.3
1974 1 1446.5 4905.4 -0.9 -3.5 0.7 3.0 3.9
1974 2 1484.8 4918.0 0.3 1.0 -0.2 2.9 3.8
1974 3 1513.7 4869.4 -1.0 -3.9 -0.7 2.6 3.6
1974 4 1552.8 4850.2 -0.4 -1.6 -2.0 2.6 3.5
1975 1 1569.4 4791.2 -1.2 -4.8 -2.3 2.4 3.2
1975 2 1605.0 4827.8 0.8 3.1 -1.8 2.5 3.1
1975 3 1662.4 4909.1 1.7 6.9 0.8 2.7 3.1
1975 4 1713.9 4973.3 1.3 5.3 2.5 3.2 2.9
1976 1 1771.9 5086.3 2.3 9.4 6.2 3.1 2.9
1976 2 1804.2 5124.6 0.8 3.0 6.1 3.1 3.0
1976 3 1837.7 5149.7 0.5 2.0 4.9 3.1 3.0
1976 4 1884.5 5187.1 0.7 2.9 4.3 3.1 2.9
1977 1 1938.5 5247.3 1.2 4.7 3.2 3.0 3.0
1977 2 2005.2 5351.6 2.0 8.2 4.4 2.9 3.2
1977 3 2066.0 5447.3 1.8 7.3 5.8 3.1 3.3
1977 4 2110.8 5446.1 0.0 -0.1 5.0 2.8 3.2
1978 1 2149.1 5464.7 0.3 1.4 4.1 2.3 3.0
1978 2 2274.7 5679.7 3.9 16.7 6.1 2.9 3.2
1978 3 2335.2 5735.4 1.0 4.0 5.3 3.2 3.3
1978 4 2416.0 5811.3 1.3 5.4 6.7 3.3 3.4
1979 1 2463.3 5821.0 0.2 0.7 6.5 3.5 3.2
1979 2 2526.4 5826.4 0.1 0.4 2.6 3.4 3.2
1979 3 2599.7 5868.3 0.7 2.9 2.3 3.8 3.2
1979 4 2659.4 5884.5 0.3 1.1 1.3 3.9 3.3
1980 1 2724.1 5903.4 0.3 1.3 1.4 4.3 3.3
1980 2 2728.0 5782.4 -2.0 -8.0 -0.8 3.7 3.1
1980 3 2785.2 5771.7 -0.2 -0.7 -1.6 3.3 3.0
1980 4 2915.3 5878.4 1.8 7.6 -0.1 3.4 3.3
1981 1 3051.4 6000.6 2.1 8.6 1.6 3.4 3.2
1981 2 3084.3 5952.7 -0.8 -3.2 2.9 3.0 3.1
1981 3 3177.0 6025.0 1.2 4.9 4.4 3.2 3.1
1981 4 3194.7 5950.0 -1.2 -4.9 1.2 2.8 3.0
1982 1 3184.9 5852.3 -1.6 -6.4 -2.5 2.2 2.6
1982 2 3240.9 5884.0 0.5 2.2 -1.2 1.9 2.4
1982 3 3274.4 5861.4 -0.4 -1.5 -2.7 1.5 2.3
1982 4 3312.5 5866.0 0.1 0.3 -1.4 1.5 2.1
1983 1 3381.0 5938.9 1.2 5.1 1.5 1.7 2.0
1983 2 3482.2 6072.4 2.2 9.3 3.2 1.3 2.1
1983 3 3587.1 6192.2 2.0 8.1 5.6 1.5 2.4
1983 4 3688.1 6320.2 2.1 8.5 7.7 1.7 2.5
1984 1 3807.4 6442.8 1.9 8.0 8.5 2.1 2.8
1984 2 3906.3 6554.0 1.7 7.1 7.9 2.4 2.9
1984 3 3976.0 6617.7 1.0 3.9 6.9 2.4 3.1
1984 4 4034.0 6671.6 0.8 3.3 5.6 2.5 3.2
1985 1 4117.2 6734.5 0.9 3.8 4.5 2.7 3.5
1985 2 4175.7 6791.5 0.8 3.4 3.6 3.3 3.5
1985 3 4258.3 6897.6 1.6 6.4 4.2 3.6 3.5
1985 4 4318.7 6950.0 0.8 3.1 4.2 3.4 3.4
1986 1 4382.4 7016.8 1.0 3.9 4.2 3.2 3.3
1986 2 4423.2 7045.0 0.4 1.6 3.7 3.4 3.2
1986 3 4491.3 7112.9 1.0 3.9 3.1 3.4 3.3
1986 4 4543.3 7147.3 0.5 1.9 2.8 3.7 3.3
1987 1 4611.1 7186.9 0.6 2.2 2.4 4.2 3.2
1987 2 4686.7 7263.3 1.1 4.3 3.1 4.3 3.1
1987 3 4764.5 7326.3 0.9 3.5 3.0 4.6 3.0
1987 4 4883.1 7451.7 1.7 7.0 4.3 4.9 3.2
1988 1 4948.6 7490.2 0.5 2.1 4.2 4.8 3.2
1988 2 5059.3 7586.4 1.3 5.2 4.4 4.6 2.9
1988 3 5142.8 7625.6 0.5 2.1 4.1 4.3 2.9
1988 4 5251.0 7727.4 1.3 5.4 3.7 4.1 2.9
1989 1 5360.3 7799.9 0.9 3.8 4.1 3.9 3.0
1989 2 5453.6 7858.3 0.7 3.0 3.6 3.7 3.0
1989 3 5532.9 7920.6 0.8 3.2 3.9 3.7 3.0
1989 4 5581.7 7937.9 0.2 0.9 2.7 3.5 3.0
1990 1 5708.1 8020.8 1.0 4.2 2.8 3.6 3.1
1990 2 5797.4 8052.7 0.4 1.6 2.5 3.5 3.4
1990 3 5850.6 8052.6 0.0 0.0 1.7 3.1 3.4
1990 4 5846.0 7982.0 -0.9 -3.5 0.6 2.8 3.1
1991 1 5880.2 7943.4 -0.5 -1.9 -1.0 2.5 2.8
1991 2 5962.0 7997.0 0.7 2.7 -0.7 2.6 3.0
1991 3 6033.7 8030.7 0.4 1.7 -0.3 2.5 2.9
1991 4 6092.5 8062.2 0.4 1.6 1.0 2.4 3.1
1992 1 6190.7 8150.7 1.1 4.5 2.6 2.5 3.4
1992 2 6295.2 8237.3 1.1 4.3 3.0 2.5 3.4
1992 3 6389.7 8322.3 1.0 4.2 3.6 2.6 3.6
1992 4 6493.6 8409.8 1.1 4.3 4.3 2.4 3.7
1993 1 6544.5 8425.3 0.2 0.7 3.4 2.4 3.6
1993 2 6622.7 8479.2 0.6 2.6 2.9 2.3 3.4
1993 3 6688.3 8523.8 0.5 2.1 2.4 2.3 3.2
1993 4 6813.8 8636.4 1.3 5.4 2.7 2.2 3.2
1994 1 6916.3 8720.5 1.0 4.0 3.5 2.3 3.1
1994 2 7044.3 8839.8 1.4 5.6 4.3 2.4 3.0
1994 3 7131.8 8896.7 0.6 2.6 4.4 2.4 3.0
1994 4 7248.2 8995.5 1.1 4.5 4.2 2.5 3.0
1995 1 7307.7 9017.6 0.2 1.0 3.4 2.4 3.0
1995 2 7355.8 9037.0 0.2 0.9 2.2 2.3 2.9
1995 3 7452.5 9112.9 0.8 3.4 2.4 2.5 2.8
1995 4 7542.5 9176.4 0.7 2.8 2.0 2.8 2.8
1996 1 7638.2 9239.3 0.7 2.8 2.5 3.1 2.8
1996 2 7800.0 9399.0 1.7 7.1 4.0 3.3 2.9
1996 3 7892.7 9480.8 0.9 3.5 4.0 3.4 2.9
1996 4 8023.0 9584.3 1.1 4.4 4.4 3.5 3.0
1997 1 8137.0 9658.0 0.8 3.1 4.5 3.5 3.0
1997 2 8276.8 9801.2 1.5 6.1 4.3 3.5 3.0
1997 3 8409.9 9924.2 1.3 5.1 4.7 3.6 3.1
1997 4 8505.7 10000.3 0.8 3.1 4.3 3.5 3.0
1998 1 8600.6 10094.8 0.9 3.8 4.5 3.7 3.0
1998 2 8698.6 10185.6 0.9 3.6 3.9 3.7 3.0
1998 3 8847.2 10320.0 1.3 5.4 4.0 3.9 3.1
1998 4 9027.5 10498.6 1.7 7.1 5.0 4.0 3.1
1999 1 9148.6 10592.1 0.9 3.6 4.9 4.0 3.1
1999 2 9252.6 10674.9 0.8 3.2 4.8 3.8 3.1
1999 3 9405.1 10810.7 1.3 5.2 4.8 4.0 3.2
1999 4 9607.7 11004.8 1.8 7.4 4.8 4.1 3.3
2000 1 9709.5 11033.6 0.3 1.1 4.2 4.1 3.2
2000 2 9949.1 11248.8 2.0 8.0 5.4 4.5 3.4
2000 3 10017.5 11258.3 0.1 0.3 4.1 4.3 3.4
2000 4 10129.8 11325.0 0.6 2.4 2.9 4.3 3.6
2001 1 10165.1 11287.8 -0.3 -1.3 2.3 4.1 3.6
2001 2 10301.3 11361.7 0.7 2.6 1.0 3.9 3.6
2001 3 10305.2 11330.4 -0.3 -1.1 0.6 3.6 3.5
2001 4 10373.1 11370.0 0.3 1.4 0.4 3.5 3.5
2002 1 10498.7 11467.1 0.9 3.5 1.6 3.5 3.5
2002 2 10601.9 11528.1 0.5 2.1 1.5 3.3 3.4
2002 3 10701.7 11586.6 0.5 2.0 2.3 3.1 3.4
2002 4 10766.9 11590.6 0.0 0.1 1.9 3.0 3.3
2003 1 10887.4 11638.9 0.4 1.7 1.5 2.9 3.3
2003 2 11011.6 11737.5 0.8 3.4 1.8 2.9 3.3
2003 3 11255.1 11930.7 1.6 6.7 3.0 2.9 3.4
2003 4 11414.8 12038.6 0.9 3.7 3.9 2.8 3.4
2004 1 11589.9 12117.9 0.7 2.7 4.1 2.7 3.3
2004 2 11762.9 12195.9 0.6 2.6 3.9 2.7 3.3
2004 3 11936.3 12286.7 0.7 3.0 3.0 2.6 3.3
2004 4 12123.9 12387.2 0.8 3.3 2.9 2.4 3.3
2005 1 12361.8 12515.0 1.0 4.2 3.3 2.6 3.3
2005 2 12500.0 12570.7 0.4 1.8 3.1 2.2 3.4
2005 3 12728.6 12670.5 0.8 3.2 3.1 2.4 3.4
2005 4 12901.4 12735.6 0.5 2.1 2.8 2.4 3.3
2006 1 13161.4 12896.4 1.3 5.1 3.0 2.7 3.4
2006 2 13330.4 12948.7 0.4 1.6 3.0 2.6 3.3
2006 3 13432.8 12950.4 0.0 0.1 2.2 2.7 3.2
2006 4 13584.2 13038.4 0.7 2.7 2.4 2.8 3.1
2007 1 13758.5 13056.1 0.1 0.5 1.2 2.6 3.1
2007 2 13976.8 13173.6 0.9 3.6 1.7 2.7 3.0
2007 3 14126.2 13269.8 0.7 3.0 2.5 2.7 2.9
2007 4 14253.2 13326.0 0.4 1.7 2.2 2.8 2.9
2008 1 14273.9 13266.8 -0.4 -1.8 1.6 2.7 2.8
2008 2 14415.5 13310.5 0.3 1.3 1.0 2.5 2.7
2008 3 14395.1 13186.9 -0.9 -3.7 -0.6 2.0 2.5
2008 4 14081.7 12883.5 -2.3 -8.9 -3.3 1.4 2.1
2009 1 13923.4 12711.0 -1.3 -5.2 -4.2 1.0 1.8
2009 2 13885.4 12701.0 -0.1 -0.3 -4.6 0.8 1.8
2009 3 13952.2 12746.7 0.4 1.4 -3.3 0.7 1.7
2009 4 14133.6 12873.1 1.0 4.0 -0.1 0.8 1.6
2010 1 14270.3 12947.6 0.6 2.3 1.9 0.7 1.6
2010 2 14413.5 13019.6 0.6 2.2 2.5 0.7 1.5
2010 3 14576.0 13103.5 0.6 2.6 2.8 0.7 1.5
2010 4 14735.9 13181.2 0.6 2.4 2.4 0.7 1.5
2011 1 14814.9 13183.8 0.0 0.1 1.8 0.4 1.6
2011 2 15003.6 13264.7 0.6 2.5 1.9 0.5 1.6
2011 3 15163.2 13306.9 0.3 1.3 1.6 0.5 1.6
2011 4 15321.0 13441.0 1.0 4.1 2.0 0.6 1.7
2012 1 15478.3 13506.4 0.5 2.0 2.4 0.7 1.7
2012 2 15585.6 13548.5 0.3 1.3 2.1 0.6 1.6
2012 3 15811.0 13652.5 0.8 3.1 2.6 0.6 1.7
2012 4 15829.0 13647.6 0.0 -0.1 1.5 0.5 1.6
REAL GDP GROWTH BY BUSINESS CYCLE
GDP GDP Last Quarter Entire Cycle
(billion (billion ---------------- --------------------------
current chained Percent Annual- # of Percent Annual- Prior
Year Qtr dollars) 2005 $) Change ized Quarters Change ized Trough Trough
---- --- -------- -------- ------- ------- ------- ------- ------- ------ -------
1949 4 265.2 1838.7 -0.9 -3.7
1954 2 376.0 2306.4 0.1 0.5 18 25.4 5.17 1949q4 1954q2
1958 2 458.0 2534.5 0.6 2.5 16 9.9 2.39 1954q2 1958q2
1961 1 528.0 2816.9 0.6 2.4 11 11.1 3.92 1958q2 1961q1
1970 4 1052.7 4253.0 -1.1 -4.2 39 51.0 4.32 1961q1 1970q4
1975 1 1569.4 4791.2 -1.2 -4.8 17 12.7 2.84 1970q4 1975q1
1980 3 2785.2 5771.7 -0.2 -0.7 22 20.5 3.44 1975q1 1980q3
1982 4 3312.5 5866.0 0.1 0.3 9 1.6 0.72 1980q3 1982q4
1991 1 5880.2 7943.4 -0.5 -1.9 33 35.4 3.74 1982q4 1991q1
2001 4 10373.1 11370.0 0.3 1.4 43 43.1 3.39 1991q1 2001q4
2009 2 13885.4 12701.0 -0.1 -0.3 30 11.7 1.49 2001q4 2009q2
2012 4 15829.0 13647.6 0.0 -0.1 14 7.5 2.08 2009q2 2012q4*
REAL GDP GROWTH BY BUSINESS CYCLE (shorter cycles combined)
GDP GDP Last Quarter Entire Cycle
(billion (billion ---------------- --------------------------
current chained Percent Annual- # of Percent Annual- Prior
Year Qtr dollars) 2005 $) Change ized Quarters Change ized Trough Trough
---- --- -------- -------- ------- ------- ------- ------- ------- ------ -------
1949 4 265.2 1838.7 -0.9 -3.7
1961 1 528.0 2816.9 0.6 2.4 45 53.2 3.86 1949q4 1961q1
1970 4 1052.7 4253.0 -1.1 -4.2 39 51.0 4.32 1961q1 1970q4
1980 3 2785.2 5771.7 -0.2 -0.7 39 35.7 3.18 1970q4 1980q3
1991 1 5880.2 7943.4 -0.5 -1.9 42 37.6 3.09 1980q3 1991q1
2001 4 10373.1 11370.0 0.3 1.4 43 43.1 3.39 1991q1 2001q4
2009 2 13885.4 12701.0 -0.1 -0.3 30 11.7 1.49 2001q4 2009q2
2012 4 15829.0 13647.6 0.0 -0.1 14 7.5 2.08 2009q2 2012q4*
* 2012, quarter 4 has not been identified as a trough. It is just the most recent quarter.
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Source: Bureau of Economic Analysis, Current-dollar and "real" GDP;
National Bureau of Economic Research, US Business Cycle Expansions and Contractions
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