Table 4. Historical revisions to growth rates of GDP and its major components,
1959-1998
(percent per year)
|
Growth rate |
Before revision |
After revision |
Difference |
|
Real GDP |
3.2 |
3.4 |
0.2 |
|
Consumption |
3.4 |
3.6 |
0.2 |
|
Investment |
4.2 |
4.6 |
0.4 |
|
Nonresidential equipment and software |
6.3 |
6.8 |
0.5 |
|
Government |
1.9 |
2.1 |
0.2 |
|
Exports |
6.9 |
7.0 |
0.1 |
|
Imports |
6.5 |
6.5 |
0.0 |
| Source: E.P. Seskin, “Improved Estimates of the National Income and Product Accounts for 1959-98: Results of the Comprehensive Revision,” Survey of Current Business (December 1999), pp. 15-43, web site www.bea.doc.gov/bea/an1.htm. | |||