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Financial Information on public elementary/secondary education
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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: Fiscal years 1970 to 2005

[In current dollars]


School year ending Gross domestic product
(in billions of dollars)		 Total revenue
for education
(in billions of dollars)		 Total revenue
as a percentage of GDP
1970  $1,039 $40 3.9
1971  1,127 45 4.0
1972  1,238 50 4.0
1973  1,383 52 3.8
1974  1,500 58 3.9
1975  1,638 64 3.9
1976  1,825 71 3.9
1977  2,031 75 3.7
1978  2,295 81 3.5
1979  2,563 88 3.4
1980  2,790 97 3.5
1981  3,128 106 3.4
1982  3,255 110 3.4
1983  3,537 118 3.3
1984  3,933 126 3.2
1985  4,220 137 3.2
1986  4,463 149 3.3
1987  4,740 159 3.4
1988  5,104 170 3.3
1989  5,484 192 3.5
1990  5,803 209 3.6
1991  5,996 223 3.7
1992  6,338 235 3.7
1993  6,657 248 3.7
1994  7,072 260 3.7
1995  7,398 273 3.7
1996  7,817 288 3.7
1997  8,304 305 3.7
1998  8,747 326 3.7
1999  9,268 347 3.7
2000  9,817 373 3.8
2001  10,128 401 4.0
2002  10,470 420 4.0
2003  10,961 440 4.0
2004  11,713 462 3.9
2005  12,456 488 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SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, and previously unpublished tabulation (November 2004); U.S. Department of Education, National Center for Education Statistics (NCES) (2004).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 (forthcoming) 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), fiscal years 1988–2001, Version 1b; fiscal year 2002, Version 1c; fiscal year 2003, Version 1b; fiscal year 2004, Version 1a; fiscal year 2005, Version 1a.