Table 1

Macroeconomic performance by partisan control of the presidency, 1949–present

Democratic Republican Total Democratic advantage?
Real Gross Domestic Product, % growth (1) 3.79 2.60 3.15 Y
Real Net Domestic Product per capita, % growth (1) 2.60 1.28 1.89 Y
Job growth, total, %  (1) 2.47 1.07 1.72 Y
Job growth, private, % (1) 2.55 0.97 1.71 Y
Unemployment rate (1) 5.41 6.01 5.73 Y
Real wages, % growth (1) 1.08 0.88 0.97 Y
Real business investment, % growth (1) 6.58 2.98 4.65 Y
Real personal income excluding government transfers, % growth (1) 2.66 1.41 1.99 Y
Inflation, all items, % (1) 2.91 3.29 3.13 Y
Inflation less food and energy, % (2) 2.87 3.59 3.24 Y
Federal funds rate (3) 4.17 4.94 4.60 Y
Economic Policy Institute

1 = available all years since first Truman Administration (1949)

2 = available since 1959

3 = available since 1954

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