DISCOUNT RATE VS. GDP PERCENT CHANGE: 1950-1997
Discount % Real % GDP
Date Rate GDP Chng GDP Chng Deflator
----- -------- ------ ------- ------- ------- --------
1949 269.5 1492.2 0.1806
1950 1.59 272.6 1.15 1530.6 2.57 0.1781
1951 1.75 321.0 17.75 1709.3 11.67 0.1878
1952 1.75 349.2 8.79 1827.3 6.91 0.1911
1953 1.99 372.4 6.64 1902.9 4.14 0.1957
1954 1.60 377.1 1.26 1907.4 0.24 0.1977
1955 1.89 395.5 4.88 1963.8 2.95 0.2014
1956 2.77 426.6 7.86 2044.1 4.09 0.2087
1957 3.12 449.9 5.46 2084.8 1.99 0.2158
1958 2.16 458.8 1.98 2078.8 -0.29 0.2207
1959 3.36 489.7 6.73 2160.1 3.91 0.2267
1960 3.53 518.3 5.84 2233.1 3.38 0.2321
1961 3.00 530.4 2.33 2243.7 0.47 0.2364
1962 3.00 567.3 6.96 2375.6 5.88 0.2388
1963 3.23 599.0 5.59 2477.3 4.28 0.2418
1964 3.55 639.8 6.81 2611.4 5.42 0.2450
1965 4.04 686.8 7.35 2757.1 5.58 0.2491
1966 4.50 752.7 9.60 2952.9 7.10 0.2549
1967 4.19 811.9 7.87 3087.1 4.54 0.2630
1968 5.16 868.0 6.91 3181.8 3.07 0.2728
1969 5.87 948.1 9.23 3330.2 4.66 0.2847
1970 5.95 1009.4 6.47 3365.8 1.07 0.2999
1971 4.88 1077.4 6.74 3413.8 1.43 0.3156
1972 4.50 1177.0 9.24 3559.1 4.26 0.3307
1973 6.44 1306.8 11.03 3783.4 6.30 0.3454
1974 7.83 1438.1 10.05 3887.8 2.76 0.3699
1975 6.25 1554.5 8.09 3813.8 -1.90 0.4076
1976 5.50 1730.4 11.32 3956.1 3.73 0.4374
1977 5.46 1971.4 13.93 4200.7 6.18 0.4693
1978 7.46 2212.6 12.23 4397.9 4.69 0.5031
1979 10.28 2495.9 12.80 4576.3 4.06 0.5454
1980 11.77 2718.9 8.93 4582.7 0.14 0.5933
1981 13.42 3049.1 12.14 4685.2 2.24 0.6508
1982 11.02 3211.3 5.32 4608.6 -1.63 0.6968
1983 8.50 3421.9 6.56 4699.8 1.98 0.7281
1984 8.80 3812.0 11.40 5030.4 7.03 0.7578
1985 7.69 4102.1 7.61 5239.0 4.15 0.7830
1986 6.33 4374.3 6.64 5430.5 3.66 0.8055
1987 5.66 4605.1 5.28 5553.0 2.25 0.8293
1988 6.20 4953.5 7.57 5771.3 3.93 0.8583
1989 6.92 5351.8 8.04 5982.3 3.66 0.8946
1990 6.98 5684.5 6.22 6104.5 2.04 0.9312
1991 5.45 5858.8 3.07 6031.3 -1.20 0.9714
1992 3.25 6143.2 4.85 6143.2 1.86 1.0000
1993 3.00 6470.8 5.33 6305.0 2.63 1.0263
1994 3.60 6830.4 5.56 6504.5 3.16 1.0501
1995 5.21 7186.9 5.22 6678.0 2.67 1.0762
1996 5.02 7484.7 4.14 6810.5 1.98 1.0990
1997 5.00 7853.8 4.93 6972.5 2.38 1.1264
------------------------------------------------------------
Source: http://www.stls.frb.org/fred/data/irates/mdiscrt,
Federal Reserve Board; Budget of the United States
Government, FY 1998, Historical Table 7.1
Note: discount rates are the averages of monthly figures
which, in turn, are the averages of daily figures;
discount rates are per calendar year, other figures
are per fiscal year
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