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| Table 3. | Gross domestic product (GDP), total public revenue in elementary and secondary schools, and total public revenue in elementary and secondary schools as a percentage of GDP: 1969–1970 to 2005–2006 |
[In current dollars]
| School year | Gross domestic product (in billions of dollars) |
Total revenue for education (in billions of dollars) |
Total revenue as a percentage of GDP |
|---|---|---|---|
| 1969–70 | $1,039 | $40 | 3.9 |
| 1970–71 | 1,127 | 45 | 4.0 |
| 1971–72 | 1,238 | 50 | 4.0 |
| 1972–73 | 1,383 | 52 | 3.8 |
| 1973–74 | 1,500 | 58 | 3.9 |
| 1974–75 | 1,638 | 64 | 3.9 |
| 1975–76 | 1,825 | 71 | 3.9 |
| 1976–77 | 2,031 | 75 | 3.7 |
| 1977–78 | 2,295 | 81 | 3.5 |
| 1978–79 | 2,563 | 88 | 3.4 |
| 1979–80 | 2,790 | 97 | 3.5 |
| 1980–81 | 3,128 | 106 | 3.4 |
| 1981–82 | 3,255 | 110 | 3.4 |
| 1982–83 | 3,537 | 118 | 3.3 |
| 1983–84 | 3,933 | 126 | 3.2 |
| 1984–85 | 4,220 | 137 | 3.2 |
| 1985–86 | 4,463 | 149 | 3.3 |
| 1986–87 | 4,740 | 159 | 3.4 |
| 1987–88 | 5,104 | 170 | 3.3 |
| 1988–89 | 5,484 | 192 | 3.5 |
| 1989–90 | 5,803 | 209 | 3.6 |
| 1990–91 | 5,996 | 223 | 3.7 |
| 1991–92 | 6,338 | 235 | 3.7 |
| 1992–93 | 6,657 | 248 | 3.7 |
| 1993–94 | 7,072 | 260 | 3.7 |
| 1994–95 | 7,398 | 273 | 3.7 |
| 1995–96 | 7,817 | 288 | 3.7 |
| 1996–97 | 8,304 | 305 | 3.7 |
| 1997–98 | 8,747 | 326 | 3.7 |
| 1998–99 | 9,268 | 347 | 3.7 |
| 1999–2000 | 9,817 | 373 | 3.8 |
| 2000–01 | 10,128 | 401 | 4.0 |
| 2001–02 | 10,470 | 420 | 4.0 |
| 2002–03 | 10,961 | 440 | 4.0 |
| 2003–04 | 11,686 | 462 | 4.0 |
| 2004–05 | 12,434 | 488 | 3.9 |
| 2005–06 | 13,195 | 521 | 3.9 |
| NOTE: Detail may not sum to totals because of rounding. GNP and total revenue are in current dollars and have not been adjusted for the effects of inflation. Total revenue is measured by total revenue received by school districts providing public elementary and secondary education. See supplemental note 3 for more information about the Common Core of Data (CCD). | |||
| SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, and previously unpublished tabulation (November 2004); U.S. Department of Education, National Center for Education Statistics (NCES) (2004). Digest of Education Statistics 2003 (NCES 2005-025), tables 3 and 156 and Digest of Education Statistics 2004 (NCES 2005-079), table 156; U.S. Department of Education, NCES, Statistics of State School Systems and Revenues and Expenditures for Public Elementary and Secondary Education, Common Core of Data (CCD), “National Public Education Financial Survey” (NPEFS), 1987–88 to 2005–06. | |||
