Table 4-5
U.S. average annual real GDP growth rates, unadjusted and R&D adjusted: 1959–2007
(Percent)
 
Period Unadjusted
real GDPa
R&D-adjusted
real GDPb
Difference
 
1959–2007 3.32 3.39 0.07
1959–73 4.20 4.33 0.13
1974–94 3.02 3.03 0.01
1995–2001 3.76 3.93 0.17
2002–07 2.75 2.87 0.12
 

GDP = gross domestic product

aAs published in the national income and product accounts.
bReal GDP with R&D treated as investment, deflated by aggregate output price index. Double-counting of R&D software removed.

SOURCE: Bureau of Economic Analysis estimates in Lee and Schmidt (2010).

Science and Engineering Indicators 2012