Economic Indicators and the Trade Deficit, 1973-98

Economic Indicators and the Trade Deficit, 1973-98

Year	Change in C/A (as % of GDP)	Real GDP Growth	Change in Unemployment Rate	Manufact. Output Growth	Change in Manufact. Jobs (1,000s)	Change in NYSE Composite	Change in Poverty Rate
1973	1.0	5.8%	-0.3	8.8%	726	-19.6%	-0.8
1975	1.0	-0.4%	1.0	-10.0%	-633	31.9%	1.1
1978	0.0	5.4%	-0.4	6.5%	890	2.1%	-0.2
1979	0.6	2.8%	0.0	3.6%	-35	15.5%	0.3
1980	0.1	-0.3%	1.2	-3.8%	-742	25.7%	1.3
1981	0.1	2.3%	1.3	1.6%	-493	-8.7%	1.0
1988	1.0	3.8%	-0.4	4.6%	226	13.0%	-0.4
1989	0.6	3.4%	0.1	2.0%	-168	24.8%	-0.2
1990	0.3	1.2%	0.9	-0.5%	-522	-7.5%	0.7
1991	1.5	-0.9%	1.0	-2.3%	-533	27.1%	0.7
1995	0.2	2.3%	0.1	5.5%	0	31.3%	-0.7

Averages	0.6	2.3%	0.4	1.4%	-116.7	12.3%	0.3

1974	-0.4	-0.6%	2.3	-1.5%	-1236	-30.3%	0.1
1976	-0.9	5.4%	-0.4	10.3%	622	21.5%	-0.5
1977	-0.9	4.7%	-1.4	8.9%	875	-9.3%	-0.2
1982	-0.5	-2.1%	2.3	-6.0%	-1697	14.0%	1.0
1983	-0.9	4.0%	-2.5	5.8%	934	17.5%	0.2
1984	-1.3	7.0%	-1.0	9.8%	529	0.7%	-0.8
1985	-0.4	3.6%	-0.3	2.3%	-350	26.8%	-0.4
1986	-0.5	3.1%	-0.4	2.8%	-225	14.0%	-0.4
1987	-0.1	2.9%	-0.9	5.3%	356	-0.3%	-0.2
1992	-0.7	2.7%	0.1	4.0%	-165	4.7%	0.6
1993	-0.5	2.3%	-0.9	3.7%	40	7.9%	0.3
1994	-0.5	3.5%	-1.0	6.0%	401	-3.1%	-0.6
1996	-0.2	3.4%	-0.2	4.7%	37	19.1%	-0.1
1997	-0.1	3.9%	-0.7	6.8%	303	30.3%	-0.4
1998	-0.8	3.9%	-0.4	4.2%	-227	16.6%	N/A

Averages	-0.6	3.2%	-0.4	4.5%	13.1	8.7%	-0.1

Note: Changes in the unemployment rate and manufacturing employment are measured December to December. Changes in the New York Stock Exchange Composite Index are measured December 31 to December 31. Source: Economic Report of the President 1999, U.S. Census Bureau, New York Stock Exchange.