GDP VS. SELECTED DEBTS: 1952-2002 (in trillions of current dollars)
Total Federal State & Gross Public Total
Year GDP Nonfin Househld Business Govt Local Debt Debt Financl
---- ------- -------- -------- -------- ------- ------- ------- ------- -------
1952 0.3488 0.4508 0.0901 0.1103 0.2208 0.0296 0.2591 0.2148 0.0103
1953 0.3734 0.4843 0.1036 0.1179 0.2283 0.0345 0.2660 0.2184 0.0126
1954 0.3780 0.5044 0.1133 0.1227 0.2287 0.0397 0.2708 0.2245 0.0122
1955 0.3952 0.5401 0.1334 0.1321 0.2296 0.0450 0.2744 0.2266 0.0146
1956 0.4277 0.5687 0.1490 0.1464 0.2238 0.0494 0.2727 0.2222 0.0175
1957 0.4507 0.5985 0.1627 0.1589 0.2232 0.0537 0.2723 0.2193 0.0202
1958 0.4611 0.6256 0.1714 0.1686 0.2265 0.0591 0.2797 0.2263 0.0203
1959 0.4921 0.6788 0.1921 0.1838 0.2375 0.0654 0.2875 0.2347 0.0260
1960 0.5189 0.7158 0.2112 0.1977 0.2359 0.0710 0.2905 0.2368 0.0312
1961 0.5318 0.7552 0.2264 0.2107 0.2417 0.0763 0.2926 0.2384 0.0329
1962 0.5685 0.8050 0.2479 0.2284 0.2465 0.0822 0.3029 0.2480 0.0373
1963 0.5997 0.8606 0.2734 0.2468 0.2525 0.0879 0.3103 0.2540 0.0431
1964 0.6413 0.9232 0.3028 0.2685 0.2579 0.0940 0.3161 0.2568 0.0507
1965 0.6879 0.9880 0.3322 0.2964 0.2580 0.1015 0.3223 0.2608 0.0593
1966 0.7542 1.0597 0.3579 0.3317 0.2616 0.1085 0.3285 0.2637 0.0699
1967 0.8135 1.1250 0.3757 0.3633 0.2704 0.1157 0.3404 0.2666 0.0705
1968 0.8684 1.2190 0.4054 0.4004 0.2903 0.1230 0.3687 0.2895 0.0793
1969 0.9492 1.3093 0.4390 0.4492 0.2850 0.1361 0.3658 0.2781 0.1010
1970 1.0132 1.4000 0.4545 0.5028 0.2967 0.1460 0.3809 0.2832 0.1233
1971 1.0814 1.5239 0.4902 0.5532 0.3178 0.1626 0.4082 0.3030 0.1311
1972 1.1815 1.6668 0.5436 0.6137 0.3320 0.1774 0.4359 0.3224 0.1503
1973 1.3081 1.8600 0.6144 0.7109 0.3443 0.1904 0.4663 0.3409 0.1981
1974 1.4421 2.0367 0.6753 0.8030 0.3522 0.2062 0.4839 0.3437 0.2471
1975 1.5598 2.2090 0.7184 0.8543 0.4222 0.2141 0.5419 0.3947 0.2494
1976 1.7367 2.4473 0.7983 0.9143 0.4995 0.2352 0.6290 0.4774 0.2715
1977 1.9713 2.7429 0.9186 1.0194 0.5532 0.2517 0.7064 0.5491 0.3146
1978 2.2186 3.1178 1.0696 1.1521 0.6118 0.2843 0.7766 0.6071 0.3834
1979 2.5038 3.5135 1.2390 1.3116 0.6464 0.3166 0.8295 0.6403 0.4757
1980 2.7321 3.8581 1.3676 1.4353 0.7165 0.3388 0.9090 0.7119 0.5534
1981 3.0616 4.2653 1.4879 1.6214 0.7920 0.3641 0.9948 0.7894 0.6658
1982 3.2286 4.6824 1.5575 1.7940 0.9274 0.4035 1.1373 0.9246 0.7505
1983 3.4405 5.2295 1.6840 1.9475 1.1481 0.4499 1.3717 1.1373 0.8459
1984 3.8394 5.9557 1.8901 2.2382 1.3226 0.5048 1.5646 1.3070 1.0035
1985 4.1366 6.8046 2.1919 2.4998 1.5227 0.5902 1.8174 1.5073 1.2002
1986 4.4014 7.7414 2.4621 2.7952 1.7557 0.7284 2.1205 1.7406 1.4927
1987 4.6470 8.5014 2.7154 3.0590 1.9068 0.8201 2.3460 1.8898 1.8345
1988 5.0147 9.2554 2.9636 3.3460 2.0685 0.8772 2.6011 2.0516 2.0589
1989 5.4055 9.9701 3.2426 3.5936 2.2086 0.9253 2.8678 2.1907 2.3380
1990 5.7356 10.7008 3.5482 3.7448 2.4285 0.9794 3.2063 2.4116 2.5352
1991 5.9304 11.1884 3.7359 3.7076 2.7010 1.0439 3.5982 2.6890 2.7253
1992 6.2186 11.7131 3.9258 3.6677 3.0225 1.0972 4.0018 2.9997 3.0005
1993 6.5584 12.2519 4.1574 3.6770 3.2701 1.1474 4.3510 3.2484 3.2597
1994 6.9446 12.8376 4.4582 3.8057 3.4530 1.1207 4.6433 3.4331 3.6936
1995 7.3240 13.5447 4.8077 4.0574 3.6241 1.0556 4.9206 3.6044 4.1401
1996 7.6946 14.2614 5.1550 4.3251 3.7581 1.0233 5.1815 3.7341 4.6757
1997 8.1852 14.9810 5.4913 4.6301 3.8077 1.0520 5.3692 3.7723 5.2321
1998 8.6639 15.9730 5.8968 5.1866 3.7673 1.1223 5.4782 3.7211 6.2348
1999 9.1377 17.0669 6.4023 5.8046 3.6865 1.1736 5.6055 3.6324 7.3877
2000 9.7188 17.9688 6.9505 6.3747 3.4616 1.1820 5.6287 3.4098 8.2024
2001 10.0215 18.9951 7.5462 6.8176 3.3687 1.2626 5.7699 3.3196 9.1292
2002 10.3366 20.2759 8.2458 7.0462 3.5874 1.3965 6.1984 3.5404 10.0183
===============================================================================
GDP VS. SELECTED DEBTS: 1952-2002 (in trillions of constant 1996 dollars)
Total Federal State & Gross Public Total GDP
Year GDP Nonfin Househld Business Govt Local Debt Debt Financl Deflator
---- ------- -------- -------- -------- ------- ------- ------- ------- ------- --------
1952 1.8484 2.3890 0.4775 0.5845 1.1703 0.1567 1.3731 1.1381 0.0546 0.1887
1953 1.9418 2.5185 0.5388 0.6132 1.1869 0.1795 1.3831 1.1356 0.0653 0.1923
1954 1.9424 2.5921 0.5824 0.6304 1.1752 0.2041 1.3916 1.1536 0.0625 0.1946
1955 2.0143 2.7530 0.6799 0.6735 1.1702 0.2293 1.3984 1.1550 0.0744 0.1962
1956 2.1236 2.8237 0.7400 0.7271 1.1113 0.2453 1.3540 1.1031 0.0870 0.2014
1957 2.1575 2.8651 0.7790 0.7608 1.0683 0.2570 1.3033 1.0499 0.0965 0.2089
1958 2.1427 2.9071 0.7962 0.7835 1.0525 0.2748 1.2996 1.0517 0.0943 0.2152
1959 2.2501 3.1038 0.8784 0.8404 1.0861 0.2989 1.3144 1.0732 0.1190 0.2187
1960 2.3458 3.2360 0.9547 0.8939 1.0665 0.3209 1.3134 1.0707 0.1412 0.2212
1961 2.3709 3.3667 1.0095 0.9395 1.0776 0.3401 1.3047 1.0627 0.1467 0.2243
1962 2.5066 3.5492 1.0928 1.0071 1.0870 0.3623 1.3357 1.0935 0.1644 0.2268
1963 2.6097 3.7449 1.1898 1.0739 1.0986 0.3826 1.3504 1.1052 0.1874 0.2298
1964 2.7583 3.9708 1.3023 1.1549 1.1094 0.4043 1.3594 1.1047 0.2182 0.2325
1965 2.9074 4.1759 1.4039 1.2529 1.0902 0.4288 1.3623 1.1022 0.2505 0.2366
1966 3.1204 4.3844 1.4807 1.3724 1.0823 0.4491 1.3591 1.0911 0.2893 0.2417
1967 3.2618 4.5110 1.5062 1.4567 1.0843 0.4639 1.3651 1.0691 0.2828 0.2494
1968 3.3607 4.7175 1.5687 1.5495 1.1233 0.4760 1.4268 1.1205 0.3070 0.2584
1969 3.5143 4.8476 1.6255 1.6630 1.0552 0.5040 1.3542 1.0296 0.3738 0.2701
1970 3.5563 4.9140 1.5954 1.7648 1.0415 0.5124 1.3370 0.9940 0.4327 0.2849
1971 3.6143 5.0931 1.6384 1.8488 1.0623 0.5435 1.3642 1.0128 0.4380 0.2992
1972 3.7723 5.3218 1.7358 1.9596 1.0600 0.5665 1.3919 1.0293 0.4799 0.3132
1973 3.9991 5.6863 1.8783 2.1732 1.0527 0.5821 1.4255 1.0422 0.6056 0.3271
1974 4.1156 5.8126 1.9272 2.2917 1.0052 0.5885 1.3810 0.9809 0.7052 0.3504
1975 4.0336 5.7125 1.8578 2.2093 1.0918 0.5536 1.4014 1.0207 0.6448 0.3867
1976 4.1949 5.9114 1.9283 2.2084 1.2066 0.5681 1.5193 1.1531 0.6558 0.4140
1977 4.4289 6.1624 2.0638 2.2904 1.2428 0.5654 1.5871 1.2337 0.7068 0.4451
1978 4.6648 6.5554 2.2490 2.4224 1.2863 0.5978 1.6329 1.2765 0.8061 0.4756
1979 4.8693 6.8328 2.4095 2.5507 1.2570 0.6156 1.6131 1.2452 0.9252 0.5142
1980 4.8796 6.8907 2.4426 2.5634 1.2797 0.6050 1.6236 1.2715 0.9883 0.5599
1981 4.9847 6.9445 2.4225 2.6399 1.2894 0.5927 1.6197 1.2853 1.0840 0.6142
1982 4.9127 7.1247 2.3699 2.7298 1.4111 0.6139 1.7305 1.4068 1.1420 0.6572
1983 5.0146 7.6221 2.4544 2.8385 1.6734 0.6558 1.9992 1.6576 1.2329 0.6861
1984 5.3970 8.3718 2.6569 3.1462 1.8591 0.7096 2.1993 1.8372 1.4107 0.7114
1985 5.6288 9.2592 2.9826 3.4016 2.0719 0.8030 2.4730 2.0510 1.6331 0.7349
1986 5.8483 10.2862 3.2715 3.7140 2.3328 0.9679 2.8176 2.3128 1.9833 0.7526
1987 6.0093 10.9936 3.5114 3.9558 2.4658 1.0606 3.0337 2.4438 2.3723 0.7733
1988 6.2794 11.5896 3.7110 4.1899 2.5902 1.0985 3.2571 2.5690 2.5781 0.7986
1989 6.5181 12.0223 3.9101 4.3333 2.6632 1.1157 3.4581 2.6416 2.8192 0.8293
1990 6.6654 12.4355 4.1234 4.3518 2.8222 1.1381 3.7261 2.8025 2.9462 0.8605
1991 6.6336 12.5149 4.1789 4.1471 3.0212 1.1677 4.0248 3.0078 3.0484 0.8940
1992 6.7785 12.7677 4.2793 3.9979 3.2946 1.1960 4.3621 3.2698 3.2707 0.9174
1993 6.9822 13.0436 4.4260 3.9146 3.4814 1.2215 4.6322 3.4583 3.4704 0.9393
1994 7.2370 13.3780 4.6459 3.9660 3.5983 1.1678 4.8388 3.5776 3.8491 0.9596
1995 7.4704 13.8155 4.9038 4.1385 3.6965 1.0767 5.0190 3.6764 4.2229 0.9804
1996 7.6946 14.2614 5.1550 4.3251 3.7581 1.0233 5.1815 3.7341 4.6757 1.0000
1997 8.0286 14.6945 5.3863 4.5415 3.7349 1.0318 5.2665 3.7002 5.1320 1.0195
1998 8.3798 15.4493 5.7035 5.0165 3.6437 1.0855 5.2986 3.5991 6.0304 1.0339
1999 8.7217 16.2899 6.1108 5.5403 3.5186 1.1201 5.3503 3.4670 7.0513 1.0477
2000 9.1009 16.8263 6.5086 5.9694 3.2415 1.1068 5.2708 3.1930 7.6809 1.0679
2001 9.1604 17.3630 6.8978 6.2318 3.0792 1.1541 5.2741 3.0344 8.3448 1.0940
2002 9.3291 18.2995 7.4421 6.3593 3.2377 1.2604 5.5942 3.1953 9.0418 1.1080
===============================================================================
GDP VS. SELECTED DEBTS: 1952-2002 (as percentage of GDP)
GDP Total Federal State & Gross Public Total
Year ($tril) Nonfin Househld Business Govt Local Debt Debt Financl
---- ------- -------- -------- -------- ------- ------- ------- ------- -------
1952 0.3488 129.24 25.83 31.62 63.31 8.47 74.28 61.57 2.95
1953 0.3734 129.70 27.75 31.58 61.13 9.24 71.23 58.49 3.36
1954 0.3780 133.44 29.98 32.46 60.50 10.51 71.64 59.39 3.22
1955 0.3952 136.67 33.76 33.44 58.10 11.38 69.42 57.34 3.69
1956 0.4277 132.97 34.85 34.24 52.33 11.55 63.76 51.94 4.10
1957 0.4507 132.80 36.11 35.27 49.52 11.91 60.41 48.66 4.47
1958 0.4611 135.68 37.16 36.57 49.12 12.83 60.65 49.09 4.40
1959 0.4921 137.94 39.04 37.35 48.27 13.28 58.42 47.69 5.29
1960 0.5189 137.95 40.70 38.10 45.46 13.68 55.99 45.64 6.02
1961 0.5318 142.00 42.58 39.63 45.45 14.35 55.03 44.82 6.19
1962 0.5685 141.59 43.60 40.18 43.36 14.45 53.29 43.63 6.56
1963 0.5997 143.50 45.59 41.15 42.10 14.66 51.75 42.35 7.18
1964 0.6413 143.96 47.21 41.87 40.22 14.66 49.28 40.05 7.91
1965 0.6879 143.63 48.29 43.09 37.50 14.75 46.86 37.91 8.61
1966 0.7542 140.51 47.45 43.98 34.68 14.39 43.56 34.97 9.27
1967 0.8135 138.30 46.18 44.66 33.24 14.22 41.85 32.78 8.67
1968 0.8684 140.37 46.68 46.11 33.42 14.16 42.46 33.34 9.14
1969 0.9492 137.94 46.25 47.32 30.03 14.34 38.53 29.30 10.64
1970 1.0132 138.18 44.86 49.62 29.29 14.41 37.60 27.95 12.17
1971 1.0814 140.91 45.33 51.15 29.39 15.04 37.75 28.02 12.12
1972 1.1815 141.07 46.01 51.95 28.10 15.02 36.90 27.29 12.72
1973 1.3081 142.19 46.97 54.34 26.32 14.56 35.65 26.06 15.14
1974 1.4421 141.23 46.83 55.68 24.42 14.30 33.55 23.83 17.13
1975 1.5598 141.62 46.06 54.77 27.07 13.72 34.74 25.30 15.99
1976 1.7367 140.92 45.97 52.65 28.76 13.54 36.22 27.49 15.63
1977 1.9713 139.14 46.60 51.71 28.06 12.77 35.83 27.85 15.96
1978 2.2186 140.53 48.21 51.93 27.57 12.81 35.00 27.37 17.28
1979 2.5038 140.32 49.48 52.38 25.82 12.64 33.13 25.57 19.00
1980 2.7321 141.21 50.06 52.53 26.23 12.40 33.27 26.06 20.25
1981 3.0616 139.32 48.60 52.96 25.87 11.89 32.49 25.78 21.75
1982 3.2286 145.03 48.24 55.57 28.72 12.50 35.23 28.64 23.25
1983 3.4405 152.00 48.95 56.61 33.37 13.08 39.87 33.06 24.59
1984 3.8394 155.12 49.23 58.30 34.45 13.15 40.75 34.04 26.14
1985 4.1366 164.50 52.99 60.43 36.81 14.27 43.94 36.44 29.01
1986 4.4014 175.89 55.94 63.51 39.89 16.55 48.18 39.55 33.91
1987 4.6470 182.94 58.43 65.83 41.03 17.65 50.48 40.67 39.48
1988 5.0147 184.57 59.10 66.72 41.25 17.49 51.87 40.91 41.06
1989 5.4055 184.44 59.99 66.48 40.86 17.12 53.05 40.53 43.25
1990 5.7356 186.57 61.86 65.29 42.34 17.07 55.90 42.05 44.20
1991 5.9304 188.66 63.00 62.52 45.54 17.60 60.67 45.34 45.95
1992 6.2186 188.36 63.13 58.98 48.60 17.64 64.35 48.24 48.25
1993 6.5584 186.81 63.39 56.07 49.86 17.49 66.34 49.53 49.70
1994 6.9446 184.86 64.20 54.80 49.72 16.14 66.86 49.44 53.19
1995 7.3240 184.94 65.64 55.40 49.48 14.41 67.18 49.21 56.53
1996 7.6946 185.34 66.99 56.21 48.84 13.30 67.34 48.53 60.77
1997 8.1852 183.03 67.09 56.57 46.52 12.85 65.60 46.09 63.92
1998 8.6639 184.36 68.06 59.86 43.48 12.95 63.23 42.95 71.96
1999 9.1377 186.77 70.06 63.52 40.34 12.84 61.35 39.75 80.85
2000 9.7188 184.89 71.52 65.59 35.62 12.16 57.92 35.08 84.40
2001 10.0215 189.54 75.30 68.03 33.61 12.60 57.58 33.12 91.10
2002 10.3366 196.16 79.77 68.17 34.71 13.51 59.97 34.25 96.92
--------------------------------------------------------------------------------
Source: Federal Reserve - file gtab3d.prn, extracted from zip file at
http://www.federalreserve.gov/releases/z1/current/Disk/gtabs.zip;
Budget of the United States Government, FY 2004, Historical Tables
7.1 and 10.1
Note: Domestic Nonfinancial Debt consists of outstanding credit market debt
of U.S. Gov't, State & Local Gov'ts and private nonfinancial sectors -
in the table above, it consists of debt held by households, business,
the federal government, and state and local governments;
Adjusted Nonfinancial Debt is the Nonfinancial Debt minus the Gross Debt
plus the average Gross Debt from 1952 to 1981 (1.4082 trillion 1996 $'s);
GDP, Gross and Public Debt are end of fiscal year, others are end of the
third calendar quarter; all 1996 dollar figures are obtained using GDP
deflator
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