15
Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line of 3V2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3 3/4 percent from 4th quarter 1962to 4th quarter 1965, and 4 percent thereafter. BtJ) NOVEMBER 1968 55 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis November 1968

Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

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Page 1: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT

Gross National Product in 1958 dollars (ann. rate, bil. dol.)

205. Actual GNP

J/Trend line of 3V2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3 3/4 percent from 4th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

BtJ) NOVEMBER 1968 55Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

November 1968

Page 2: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First quarterSecond quarter.Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarterFourth quarter

1968

First quarterSecond quarter.Third quarterFourth quarter

1969

First quarterSecond quarterThird quarterFourth quarter

QH ACTUAL AND POTENTIAL GNP

Gross national product in constant ( 1958) dollars

205. Actual value

(Ann. rate, bit. dol.)

648.6653.3659.5667.1

665.7669.2675-6681.8

692.7703.4

r712.3

206. Potential level

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.166Q.6676.2682.9

689.6696.4703.3710.2

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.0-9.4-9-3

-10.5

-2.6+0.4+0.6+1.1

-3.1-7.0-9.0

ItO NOVEMBER 1968Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

November 1968

Page 3: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First QuarterSecond Quarter. ....Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarterFourth quarter

1968

First quarter . . .Second quarter.Third quarterFourth quarter

1969

First quarterSecond quarterThird quarterFourth quarter

[jQj ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bil. dol.)

648.6653.3659.5667.1

665.7669.2675.6681.8

692.7703.4712.3

206. Potential level

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.166Q.6676.2682.9

689.6696.4703.3710.2

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.0-9.4-9.3

-10.5

-2.6+0.4+0.6+1.1

-3.1-7.0-9.0

ItO DECEMBER 1968Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

December 1968

Page 4: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarterSecond quarter. ....Third quarterFourth quarter

1967First quarterSecond quarter.Third quarter. . « . * .Fourth quarter

1968First quarterSecond quarter. ....Third quarterFourth quarter

1969First quarterSecond quarter ....Third quarter.Fourth quarter

Q ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bil. dol.)

643.6653.3659.5667.1

665.7669.2675.6681.8

692.7703 .4712,3

P719.1

206. Potential level

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.1669.6676.2682.9

689.6696.4703.3710.2

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.0-9.4-9.3

-10.5

-2.640.4+0.6+1.1

-3.1-7.0-9,0

P-8.9

JANUARY 1969

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

January 1969

Page 5: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First quarterSecond quarter. —Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarterFourth quarter

1968

First quarterSecond quarter. ....

Fourth quarter

1969

First quarter. .....Second quarterThird quarterFourth quarter

Q| ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann, rate, bit. dol.)

648.6653.3659.5667.1

665.7669.2675.6681. a

692,7703. 4712.3r?l8.4

206. Potential level

(Ann. rate, bil. dol.)

637.6643.9650.2656,6

663.1669.6676.2682.9

689.6696.4703.3710.2

207, Gap (potential less actual)

(Ann. rate, bil. do!.)

-11,0-9.4-9.3

-10.5

-2.6

•K). 4+0.6+1.1

-3.1-7.0-9.0

r-8.,2

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book, The V indicates revised; "p", preliminary;"e", estimated; "a", anticipated; and "NA", not available.1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4. per-

cent from 4-th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

FEBRUARY 1969 BCDDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

February 1969

Page 6: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarterSecond quarter. —Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarter ....Fourth quarter

1968

First quarter . , .Second quarter.Third quarterFourth quarter. . * .

1969

First quarterSecond quarterThird quarterFourth quarter

Q ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bit. dol.)

648.6653.3659.5667.1

665.7669.2675.6681.8

692.7703.4712.3718.4

206. Potential level l

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.166s. 6676.2682.9

689.6696.4703.3710.2

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.0-9.4-9-3

-10.5

-2.6•K5.4H0.6•M.I

-3.1»7.0-9.0-8,2

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The Y indicates revised; "p", preliminary;"e", estimated; "a", anticipated; and "NA", not available.

1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

MARCH 1969 KCIIDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

March 1969

Page 7: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarter. ......Second quarter. ....Third quarterFourth quarter. .....

1967First quarterSecond quarter.Third quarterFourth quarter

1968First quarterSecond quarter. ....Third quarterFourth quarter

1969First quarterSecond quarter ....Third quarter.Fourth quarter

Q| ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, fail, dol.)

648.6653.3659.5667.1

665.7669.2675.6681.8

692.7703.4712.3718.4

P723.6

206. Potential level 1

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.1669.6676.2682.9

689.6696.4703.3710.2

(NA)

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.0-9.4-9.3

-10.5

-2.6•K>.4HO. 6+1.1

-3.1»7.0-9,0-8,2

(NA)

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are foridentification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;"e", estimated; V, anticipated; and MNA", not available.1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-

cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

APRIL 1969

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

April 1969

Page 8: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarterSecond quarter. ....Third quarterFourth Quarter

1967First quarterSecond quarter. ....Third quarterFourth quarter

1968First quarterSecond quarter.

Fourth quarter1969

First quarterSecond quarter ....Third quarter.Fourth quarter

Gross national product t

205. Actual value

(Ann. rate, bil. dol.)

64£ 6653.3iCQ C°?7OAA7 T

665 7669.2A7* AAA1 A

AQ9 1oy*i. /703.4712.3718.4

r-723.5

Qj ACTUAL AND POTENTIAL 6NP

i constant (1958) dollars

206. Potential level 1

(Ann. rate, bit. dol.)

6*37 6643.9f.cr\ 9

A*A A

663 1669.6A^A 9Att5 Q

AOo A

696.4703.3710.2

717.4

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-ii n-9.4

O Q~7O•1 f\ £

-10.5

-0 A

40.4L/> ZrH).OIT Trl.l

-3.1-7.0-9,0-8,2

-6.1

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;"e", estimated; V, anticipated; and "NA", not available.

1Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

MAY 1969 ltd*Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

May 1969

Page 9: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarterSecond quarter. ....Third quarterFourth quarter

1967First quarterSecond quarter. ....Third quarterFourth quarter

1968First quarterSecond quarter.Third quarterFourth quarter

1969First quarterSecond quarter —Third quarterFourth quarter

Gross national product i

205. Actual value

(Ann. rate, bil. dol.)

648 6653.3A eg cAA7 1

665 7669.2A7* AAftl ft

AQO 7V7<-* f703,4ryi o Q712.3

718.4

723.5

Q| ACTUAL AND POTENTIAL GNP

i constant (1958) dollars

206. Potential level l

(Ann. rate, bit. dol.)

6^7 6643.9A«;n 9AsA A

663 1669.6LriL o

AftO Q

Afto A

696.4703.3710.2

717 4

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

11 r\

-9.4O Q-y.j

T A C-10.5

0 £

40.4, j-i X+0.61 1 i+1 . 1

-3.1-7.0-9.0-a ..2

-6 1

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are foridentification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The Y indicates revised; "p", preliminary;"e", estimated; "a", anticipated; and "NA", not available.

1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent thereafter.

86 JUNE 1969 ltd*Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

June 1969

Page 10: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First tjuarterSecond quarterThird quarterFourth Quarter

1967

First quarterSecond quarter.Third quarterFourth quarter

1968

First quarterSecond quarter* * • • •Third quarterFourth quarter

1969

First quarterSecond quarterThird quarterFourth quarter

Gross national product

205. Actual value

(Ann. rate, bil. dol.)

Revised'5^

649.1655.0660.2668.1

666.5670.56?8.0683.5

693.370S A712 &718.5

7?^ 1P727.3

Q| ACTUAL AND POTENTIAL GNP

in constant (1958) dollars

206. Potential level x

(Ann. rate, bil. dol,)

637.6643.9650.2656.6

663.1669.66?6.2682.9

689.6696.4703.3710.2

r?l? . 2724.3

207. Gap (potential less actual)

(Ann. rate, bil. c!oL)

Revised1

-11.5-11.1-10,0-11.5

-3-4-0.9-1.8-D.6

-3.7-9.4-9.5-8.3

-5.9p-3.0

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Series numbers are foridentification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;V, estimated; "a", anticipated; and "NA", not available.

1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, K3/A per-cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent from 4th quarter 1965 to date.

'"•See "New Features and Changes for This Issue," page iii.

86 JULY 1959 ItCII

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

July 1969

Page 11: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First quarterSecond quarter.Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarterFourth quarter

1968

First quarterSecond quarter. ....Third quarterFourth quarter

1969

First quarterSecond quarterThird quarter.Fourth quarter

Qj ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bil. dol.)

649.1655.0660.2668.1

666.5670.5678.0683.5

693.3705.8712.8718.5

723.1r726.7

206. Potential level 1

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.1669.6676.2682.9

689.6696.4703.3710.2

717.2724.3

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-H.5-ll.l-10.0-11.5

-3.4-0.9-1.8-0.6

-3.7-9.4-9.5-8.3

-5.9r-2.4

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;"e", estimated; V, anticipated; and "NA", not available.1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-

cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent from 4th quarter 1965 to date.

86 AUGUST 1969Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1969

Page 12: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

OTHER KEY INDICATORS

Yearand

month

1967JanuaryFebruaryMarch

Apr i lMayJune

July ,.AugustSeptember

OctoberNovember .December

1968JanuaryFebruaryMarch

A p r i lMayJune

JulyAugustSeptember

October... .NovemberDecember

1969JanuaryFebruaryMarch

A p r i lMayJune

JulyAugustSeptember

OctoberNovemberDecember

Q PRICE MOVEMENTS

Consumer price indexes

781. All items®

(1957-59=100)

U4.7114.8115.0

115.3115.6116.0

116.5116.9117.1

117. 5117.8118.2

118.6119.0119.5

119.9120.3120.9

121.5121.9122.2

122.9123.4123.7

124.1124.6125.6

126.4126.8127.6

128.2128.7

782. Food

(1957-59=100)

114.9114,3114.5

114.0114.4U5.1

UL5.2115.8H5.6

115.7116.1116.6

117.2117.5118.2

118. 7119.3119.1

D.9.2119.5120.0

120.8121.0121.6

122.2122.0122.8

123.6124.2125.5

125.8126.4

783. Commodi-ties less foods

(1957-59-100)

107.4107.8108.0

108.4108.7108.9

109.2109.6110.1

110.4110.7110.9

111.3111.7112.1

112.2112.5113.0

113.3113.7114.0

114.4114.8115.0

115.1115.9117.0

117.2117.5118.0

118.2118.4

784. Services®

(1957-59=100)

125.5125.9126.3

126.6127.0127.4

127.7128.2128.7

129.1129.6130.1

130.8131.3132.1

132.5133.0133.9

134.9135.5136.0

136.6137.4138.1

139.0139.7140.9

342.0142.7143.3

144.0145.0

Wholesale price indexes

750. All commod-ities®

(1957-59-100)

106.2106.0105.7

105.3105.8106.3

106.5106.1106.2

106.1106.2106.8

107.2108.0108.2

108.3108.5108.7

109.1108.7109.1

109.1109.6109.8

110.7111.1111.7

111.9112.8H3.2

113.3113.4

PH3.5

58. Manufac-tured goods®

(1957-59=100)

106.4106.4106.3

106.2106.3106.6

106.8106.8107.1

107.1107.3107.6

108.1108.7108.9

109.1109.1109.4

109.7109.5109.9

no.o110.3110.5

111.3111.7112.2

112.4112.8113.2

113.5113.6

pl!3.8

751. Processedfoods andfeeds

(1957-59-100)

13J2.2U1.5HI. 2

111.0111.6112.3

112,0111 4 9

111,9

111,7111,5111.7

112.1113,1113,6

114. 1134.4113.9

114. 6134.6114*5

134.51-15.3134.9

115*7116.1117.1

118.6120.2120,7

120.7121.1

752. Farm prod-ucts

(1957-59-100)

102.5100.599.3

97.2100.1102.7

101.199.198.0

98.397.699.7

99.3100.8101.8

101.7102.8102.6

102.1101.2102.7

102.7104,. 7103.9

105.3104.5106.2

105.1109.6111.3

108.5108.7

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Series numbers are foridentification only.and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p" f preliminary;"e", estimated; V, anticipated; and "NA", not available.

86 SEPTEMBER 1969 ltd*Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

September 1969

Page 13: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First quarterSecond quarter.Third quarterFourth quarter

1967

First quarter. .....Second quarter. ....Third quarterFourth quarter

1968

First quarterSecond quarter-... .

Fourth quarter1969

First quarterSecond quarterThird quarter.Fourth quarter

Q ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bil. dol.)

649.1655.0660.2668.1

666.5670.5673.0683.5

693.3705.8712.8718.5

723.1726.7

P730.4

206. Potential level1

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

663.1669.6676.2682.9

689.6696.4703.3710.2

717.2724.3731.4

207. Gap (potential less actual)

(Ann. rate, bi!. dol.)

-11.5-ll.l-10.0-11.5

-3.4-0.9-1.8-0.6

-3.7-9.4-9.5-8.3

-5.9-2.4

p-1.0

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;V, estimated; "a", anticipated; and "NA", not available.1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-

cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent from 4th quarter 1965 to date.

ItCII OCTOBER 1969 87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

October 1969

Page 14: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966

First quarterSecond quarter.Third quarterFourth quarter

1967

First quarterSecond quarter.Third quarterFourth quarter

1968

First quarterSecond quarter.Third quarterFourth quarter

1969

First quarterSecond quarter ....Third quarterFourth quarter

U ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bit. dol.)

649.1655.0660.2668.1

666.5670.5678.0683.5

693.3705.8712.8718.5

723.1726.7

r730.6

206. Potential level x

(Ann. rate, bit. dol.)

637.6643.9650.2656.6

663.1669.6676.2682.9

689.6696.4703.3710.2

717.2724.3731.4

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.5-ll.l-10.0-11.5

-3.4-0.9-1.8-0.6

-3.7-9.4-9.5-8.3

-5.9-2.4

r+0.8

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Series numbers are foridentification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; °p", preliminary;"e", estimated; "a", anticipated; and "NA", not available.1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-

cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent from 4th quarter 1965 to date.

ItCII NOVEMBER 1969 87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

November 1969

Page 15: Actual and Potential GNP - FRASER · Chart El ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT Gross National Product in 1958 dollars (ann. rate, bil. dol.) 205. Actual GNP J/Trend line

ANALYTICAL MEASURES

Yearand

quarter

1966First quarterSecond quarter.Third quarterFourth quarter

1967

First quarterSecond quarter. ....Third quarterFourth quarter

1968

First quarterSecond quarter.....Third quarterFourth quarter

1969First quarterSecond quarterThird quarterFourth quarter

Q ACTUAL AND POTENTIAL GNP

Gross national product in constant (1958) dollars

205. Actual value

(Ann. rate, bil. dol.)

649.1655.0660.2668.1

666.5670.5678.0683-5

693-3705.8712.8718.5

723.1726.7730.6

206. Potential level 1

(Ann. rate, bil. dol.)

637.6643.9650.2656.6

$

663.1669.6676.2682.9

689.6696.4703.3710.2

717.2724.3731.4

207. Gap (potential less actual)

(Ann. rate, bil. dol.)

-11.5-ll.l-10.0-11.5

-3.4-0.9-1.8-0.6

-3.7-9.4-9.5-8.3

-5.9-2.4+0.8

NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are foridentification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;V, estimated; "a", anticipated; and "NA", not available,

1 Based on a trend line of 3-1/2 percent per year through middle of 1955 from 1st quarter 1952 to 4th quarter 1962, 3-3/4 per-cent from 4th quarter 1962 to 4th quarter 1965, and 4 percent from 4th quarter 1965 to date.

DECEMBER 1969 87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

December 1969