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UNITED STATES DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS

THE NATIONAL INCOME AND
PRODUCT ACCOUNTS OF THE
UNITED STATES, 1929-74
Statistical Tables




A SUPPLEMENT TO THE
SURVEY OF CURRENT BUSINESS

For sale by the
Superintendent of Documents
U.S. Government Printing Office
Washington, D.C. 20402
Price $4.95

Stock No. 003-010-00052-9







THE NATIONAL INCOME AND
PRODUCT ACCOUNTS OF THE
UNITED STATES, 1929-74
Statistical Tables

A Supplement to t h e
SURVEY OF CURRENT BUSINESS

U.S. DEPARTMENT OF COMMERCE
Elliot L Richardson, Secretary
Edward 0. Vetter, Under Secretary
John W. Kendrick, Chief Economist
for the Department of Commerce
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, Director

CONTENTS

Introduction.

Definitions Underlying the National Income and Product Accounts

vii

Summary National Income and Product Accounts, 1974

xii

National Income and Product Tables

1.

1.1

1.2

1.3

1.8

THE NATIONAL INCOME AND
PRODUCT ACCOUNTS OF THE
UNITED STATES, 1929-74
Statistical Tables



1.9

Gross National Product Net National Product and National Income

Gross National Product: Annually and Seasonally Adjusted Quarterly Totals
at Annual Rates
Annually and quarterly, 1946-74
2
Annually, 1929-45
324
Gross National Product in Constant Dollars: Annually and Seasonally Adjusted
Quarterly Totals at Annual Rates
Annually, 1946-74
6
Quarterly, 1947-74
6
Annually, 1929-45
324
Gross National Product by Major Type of Product: Annually and Seasonally Adiusted
Quarterly Totals at Annual Rates
Annually, 1946-74
10
Quarterly, 1947-74
irj
Annually, 1929-45
325
Gross National Product by Major Type of Product and Purchaser:
Annually, 1947-74
12
Gross National Product by Major Type of Product in Constant Dollars: Annually
and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
14
Quarterly, 1947-74
14
Annually, 1929-45
325
Gross National Product by Major Type of Product and Purchaser in Constant
Dollars: Annually, 1947-74
16
Gross National Product by Sector and Industry: Annually and Seasonally Adjusted
Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
16
Annually, 1929-45
326
Gross National Product by Sector and Industry in Constant Dollars: Annually and
Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
18
Quarterly, 1947-74
19
Annually, 1929-45
326
Relation of Gross National Product Net National Product National Income, and
Personal Income: Annually and Seasonally Adjusted Quarterly Totals
Annual Rates
Annually and quarterly, 1946-74
22
Annually, 1929-45
327

1.10 Relation of Gross National Product, Net National Product and National Income in
Constant Dollars: Annually and Seasonally Adjusted Quarterly Totals
at Annual Rates
Annually, 1946-74
Quarterly, 1947-74
Annually, 1929-45
1.11 Net National Product and National Income by Sector and Industry: Annually and
Seasonally Adjusted Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
1.12 Net National Product and National Income by Sector and Industry in Constant
Dollars: Annually and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
Quarterly. 1947-74
Annually, 1929-45
1.13 National Income by Type of Income: Annually and Seasonally Adjusted
Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
1.14 National Income by Sector, Legal Form of Organization, and Type of
Income: Annually
1946-74
1929-45
1.15 Gross Domestic Product of Corporate Business: Annually and Seasonally
Adjusted Quarterly Totals at Annual Rates

1.16
1.17
1.18

1.19

1.20

1.21

1.22
1.23

Annually and quarterly, 1946-74
Annually, 1929-45
Auto Output: Annually and Seasonally Adjusted Quarterly Totals at
Annual Rates, 1947-74
Auto Output in Constant Dollars: Annually and Seasonally Adjusted Quarterly
Totals at Annual Rates, 1947-74
Farm Output, Gross Product, and Income: Annually
1946-74
1929-45
Farm Output, Gross Product, and Income in Constant Dollars: Annually
1946-74
1929-45
Housing Output, Gross Product, and Income: Annually
1946-74
1929-45
Housing Output, Gross Product, and Income in Constant Dollars: Annually
1946-74
1929-45
Gross National Product: Quarterly Totals Not Seasonally Adjusted, 1946-74
Gross National Product Originating in Government Farm, and All Other Industries.
in Current and Constant Dollars: Annually, 1909-28

2.4

26
26
327

2.5
2.6

28
328
2.7
32
32
328

36
329

44
330

3.

3.1

3.2
46
331
52
56

3.3
3.4

58
332
60
332
60
333
62
333
62

Personal Consumption Expenditures by Major Type of Product in Constant
Dollars: Annually and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
82
Quarterly, 1947-74
82
Annually, 1929-45
335
Personal Consumption Expenditures by Major Type of Product: Quarterly
Totals Not Seasonally Adjusted, 1946-74
86
Personal Consumption Expenditures by Type of Expenditure: Annually
1946-74
88
1929-45
336
Personal Consumption Expenditures by Type of Product in Constant Dollars: Annually
1946-74
92
1929-45
338

3.5
3.6
3.7

3.8

64
3.9

Government Receipts and Expenditures

Government Receipts and Expenditures: Annually
1946-74
1929-45
Federal Government Receipts and Expenditures: Annually and Seasonally
Adjusted Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
Federal Government Receipts and Expenditures: Quarterly Totals Not
Seasonally Adjusted, 1946-74
State and Local Government Receipts and Expenditures: Annually and
Seasonally Adjusted Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
State and Local Government Receipts and Expenditures: Quarterly Totals
Not Seasonally Adjusted, 1946-74
Government Purchases of Goods and Services by Broad Function and Type:
Annually, 1952-74
Government Purchases of Goods and Services by Type: Annually and
Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
Quarterly, 1947-74
Government Purchases of Goods and Services by Type in Constant Dollars:
Annually and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1946-74
Quarterly, 1947-74
Government Gross Fixed Capital Formation: Annually

1946-74
1929-45

94
339

96
340
104

108
341
116
118

118
118

120
122

124
342

3.10 Social Insurance Funds Receipts and Expenditures: Annually

1946-74
1929-45
2.

2.1

2.2
2.3

Personal Income and Outlay

3.11 Contributions for Social Insurance: Annually

1946-74
1929-45

Personal Income and Its Disposition: Annually and Seasonally Adjusted
Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
Personal Income: Annually and Seasonally Adjusted Monthly Totals at
Annual Rates, 1946-74
Personal Consumption Expenditures by Major Type of Product: Annually
and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45




124
342
126
343

3.12 Government Transfer Payments to Persons: Annually
66
334
74

79
335

1946-74
1929-45 .,
.
3.13 Subsidies Less Current Surplus of Government Enterprises: Annually, 1960-74
3.14 Government Expenditures by Type of Function: Annually, 1952-74

128
343
128
130

3.15 Relation of Federal Government Receipts and Expenditures in the
National Income and Product Accounts to the:
A. Consolidated Cash Statement: Fiscal Years, 1952-67
B. Unified Budget: Fiscal Years, 1968-74

145
149

3.16 Relation of National Defense Purchases in the National Income and Product
Accounts to National Defense Outlays in the Unified Budget: Annually, 1960-74 . 152
3.17 Relation of Commodity Credit Corporation (CCC) Expenditures in the
National Income and Product Accounts to CCC Outlays in the Unified Budget:
Annually, 1960-74
152
3.18 Relation of State and Local Government Receipts and Expenditures in tne
National Income and Product Accounts to Bureau of Census Governmental
Finances Data: Fiscal Years, 1958-74

5.9

Inventories and Final Sales of Business: Seasonally Adjusted Quarterly
Totals, 1946-74
5.10 Inventories and Final Sales of Business in Constant Dollars: Seasonally
Adjusted Quarterly Totals, 1947-74

4.1

4.2

4.3

6.1
6.2
6.3

Foreign Transactions

Foreign Transactions in the National Income and Product Accounts: Annually
and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
Foreign Transactions in the National Income and Product Accounts: Quarterly
Totals Not Seasonally Adjusted, 1946-74
Relation of Foreign Transactions in the National Income and Product
Accounts (NIPA's) to the Corresponding Items in the Balance of Payments
Accounts (BPA's): Annually, 1946-74

176

153
6.

4.

174

6.4
154
344
156

158

6.5
6.6
6.7
6.8
6.9

Product Income, and Employment by Industry

Gross National Product and Its Components by Industry: Annually, 1947-74
Gross National Product by Industry in Constant Dollars: Annually, 1947-74
National Income Without Capital Consumption Adjustment by Industry :
Annually, 1929-74
National Income Without Capital Consumption Adjustment by Industry:
Annually and Seasonally Adjusted Quarterly Totals at Annual Rates
Annually, 1929-74
Quarterly, 1946-74
Compensation of Employees by Industry: Annually, 1929-74
Wages and Salaries by Industry: Annually, 1929-74
Full-Time and Part-Time Employees by Industry: Annually, 1929-74
Full-Time Equivalent Employees by Industry: Annually, 1929-74
Wages and Salaries Per Full-Time Equivalent Employee by Industry:
Annually, 1929-74

178
184
186

190
190
194
198
202
206
210

6.10 Hours Worked by Full-Time and Part-Time Employees by Industry:
Annually, 1948-74
214
6.11 Hours Worked by Persons Engaged in Production by Industry: Annually, 1948-74... 216

5.

5.1

5.2

Saving and Investment

Gross Saving and Investment: Annually and Seasonally Adjusted Quarterly
Totals at Annual Rates
Annually and quarterly, 1946-74
Annually, 1929-45
Gross Private Domestic Investment, Capital Consumption Allowances With
Capital Consumption Adjustment, and Net Private Domestic Investment by Major
Type of Investment: Annually

1946-74
1929-45
5.3

222
224
226

228
232
240
244
248
252
256
260

168
347
7.

7.1

170
348

Change in Nonfarm Business Inventories by Legal Form of Organization and
by Industry: Annually

1946-74
1929-45




Implicit Price Deflators and Price Indexes

170
348

Private Purchases of Producers' Durable Equipment by Type in Constant
Dollars: Annually

1946-74
1929-45
5.8

220

166
346

Private Purchases of Producers' Durable Equipment by Type: Annually

1946-74
1929-45
5.7

216
218

Purchases of Structures by Type in Constant Dollars: Annually

1946-74
1929-45
5.6

164
345

Purchases of Structures by Type: Annually

1946-74
1929-45
5.5

162
345

Gross Private Domestic Investment, Capital Consumption Allowances With Capital
Consumption Adjustment, and Net Private Domestic Investment by Major Type of
Investment in Constant Dollars: Annually

1946-74
1929-45
5.4

158
344

6.12 Employer Contributions for Social Insurance by Industry: Annually, 1948-74
6.13 Other Labor Income by Industry and by Type: Annually, 1948-74
6.14 Nonfarm Proprietors' Income Without Inventory Valuation and Capital Consumption
Adjustments by Legal Form of Organization and Industry: Annually, 1929-74
6.15 Capital Consumption Allowances of Noncorporate Business by Legal Form
of Organization and Industry: Annually, 1929-74
6.16 Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of
Organization and Industry: Annually, 1929-74
6.17 Net Interest by Industry: Annually, 1929-74
6.18 Corporate Profits by Industry: Annually and Seasonally Adjusted Quarterly
Totals at Annual Rates
Annually, 1929-74
Quarterly, 1946-74
6.19 Corporate Profits Before Tax by Industry: Annually, 1929-74
6.20 Federal, State, and Local Corporate Profits Tax Liability by Industry:
Annually, 1929-74
6.21 Corporate Profits After Tax by Industry: Annually, 1929-74
6.22 Net Corporate Dividend Payments by Industry: Annually, 1929-74
6.23 Undistributed Corporate Profits by Industry: Annually, 1929-74
6.24 Corporate Capital Consumption Allowances by Industry: Annually, 1929-74

172
349

7.2

Implicit Price Deflators for Gross National Product: Annually and
Quarterly Seasonally Adjusted
Annually, 1946-74
Quarterly, 1947-74
Annually, 1929-45
Fixed-Weighted Price Indexes for Gross National Product, 1972 Weights:
Annually and Quarterly Seasonally Adjusted, 1958-74

264
264
349
268

7.3

7.4
7.5

7.6

Implicit Price Deflators for Gross National Product by Major Type of
Product: Annually and Quarterly Seasonally Adjusted
Annually, 1946-74
Quarterly, 1947-74
Annually. 1929-45
Implicit Price Deflators for Gross National Product by Major Type of
Product and Purchaser: Annually, 1947-74
Implicit Price Deflators for Gross National Product by Sector and Industry:
Annually and Quarterly Seasonally Adjusted
Annually, 1946-74
Quarterly, 1947-74
Annually. 1929-45
Implicit Price Deflators for the Relation of Gross National Product, Net
National Product, and National Income: Annually and Quarterly Seasonally
Adjusted

Annually, 1946-74
Quarterly, 1947-74
Annually, 1929-45
7.7 Implicit Price Deflators for Net National Product and National Income by Sector
and Industry: Annually and Quarterly Seasonally Adjusted
Annually, 1946-74
Quarterly, 1947-74
Annually, 1929-45
7.8 Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross Domestic
Product of Nonfinancial Corporate Business: Annually and Quarterly
Seasonally Adjusted.1948-74
7.9 Implicit Price Deflators for Auto Output: Annually and Quarterly Seasonally
Adjusted, 1947-74
7.10 Implicit Price Deflators for Farm Output, Gross Product, and Income: Annually

1946-74
1929-45

8.4
270
270
350

1946-74
1929-45

8.6
272
274
350

276
276
350

278
278
351

282
286

288
288
351

7.13 Implicit Price Deflators for Purchases of Structures by Type: Annually

'.

294
353

7.14 Implicit Price Deflators for Private Purchases of Producers' Durable
Equipment by Type: Annually

1946-74
1929-45

296
353

7.15 Implicit Price Deflators for Gross National Product, by Industry: Annually, 1947-74 . 296

8.

8.1

Supplementary Tables

Gross National Product: Receipts and Expenditures by Major Economic
Group: Annually

1946-74
1929-45
8.2
8.3

Monetary and Imputed Interest Flows: Annually, 1946-74
Imputations in the National Income and Product Accounts: Annually

1946-74
1929-45




8.7

8.8

298
354
302

304
356

308
358

Relation of Nonfarm Proprietors' Income Without Inventory Valuation and Capital
Consumption Adjustments of Sole Proprietorships and Partnerships in the National
Income and Product Accounts (NIPA's) to Corresponding Totals as Published by
the Internal Revenue Service (IRS): Annually, 1959-72
308
Relation of Capital Consumption Allowances in the National Income and Product
Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal
Revenue Service (IRS): Annually

1946-74
1929-45

8.9

292
352

1946-74
1929-45

1946-72
1929-45

272

288
351

7.11 Implicit Price Deflators for Personal Consumption Expenditures by Major
Type of Product: Annually and Quarterly Seasonally Adjusted
Annually, 1946-74
Quarterly, 1947-74
Annually, 1929-45
7.12 Implicit Price Deflators for Personal Consumption Expenditures by
Type of Product: Annually

8.5

Corporate Profits with Inventory Valuation Adjustment and Without Capital
Consumption Adjustment: Quarterly Totals Not Seasonally Adjusted, 1946-74 ... 306
Relation of Corporate Profits, Taxes, and Dividends in the National Income
and Product Accounts (NIPA's) to Corresponding Totals as Published by the
Internal Revenue Service (IRS): Annually

Selected Per Capita Income and Product Series in Current and Constant Dollars
and Population of the United States: Annually, 1929-74
Percent Change from Preceding Period in Gross National Product in Current
and Constant Dollars, Implicit Price Deflators, and Price Indexes: Annually
and Quarterly Seasonally Adjusted at Annual Rates
Annually, 1947-74
Quarterly. 1947-74
Annually, 1929-46

310
359
312

312
316
359

INTRODUCTION

This report presents the full set of estimates that resulted from a
comprehensive benchmark revision of the national income and product accounts (NIPA's)of the United States that was completed in
January 1976.
Definitions of the entries in the NIPA's and of the sectors of the
economy are provided in this report. A discussion of the conceptual
framework of the NIPA's and of the statistical sources and estimating
methods used to derive the estimates appears in the following
publications: National Income, 1954 Edition, a Supplement to the

BEA staff that made significant contributions to the revisions is
listed below.

Personal consumption expenditures—JAMES

C. BYRNES.

Goods—Leo M. Bernstein, Moses J . Branch, Thomas B. Petska.
Services—Anne L Probst, Ellen B. Arroyo.
Investment— GERALD F. DONAHOE. Fixed investment— Stephen
P. Baldwin, Ann H. Cravens, Larry R. Moran, Teresa L Weadock.
Inventories—John
C. Hinrichs, Anthony D. Eckman, Mary K.
Osinalde.

SURVEY OF CURRENT BUSINESS; U.S. Income and Output (1958), a
Supplement

SURVEY OF CURRENT BUSINESS; "The

National

Income and Product Accounts of the United States:

to the

Revised

Estimates, 1 9 2 9 - 6 4 , " SURVEY OF CURRENT BUSINESS, August 1 9 6 5 ;

and "The National Income and Product Accounts of the United
States: Revised Estimates, 1929-74," SURVEY OF CURRENT BUSINESS.
January 1 9 7 6 , Part I. Selections from this material are included in
Readings in Concepts and Methods of National Income Statistics,.
This publication is available from the National Technical Information
Service, Springfield, Virginia 2 2 1 6 1 , accession number PB 2 5 1 3 2 9 ,
$ 1 0 . 0 0 per copy.

ACKNOWLEDGMENTS

To Allan H. Young, Chief of the National Income and Wealth Division, goes the major credit for planning and carrying through this
benchmark revision of the national income and product accounts of
the United States. Second in command of this formidable undertaking was John A . Gorman, Associate Chief of the National Income and
Wealth Division until his recent change of assignment. Charles A.
Waite, Chief of the Government Division, directed a major part of the
work. Martin L Marimont, Associate Director for National Economic
Accounts, provided guidance.
The detailed statistical work of building up the revised estimates
was done in the National Income and Wealth and the Government
Divisions. Robert P. Parker, Assistant Chief of the National Income
and Wealth Division, and Joseph C. Wakefield, Assistant Chief of the
Government Division, supervised major segments of this work.




Personal income—MARY HOOK. Wages and salaries—Pauline
M. Cypert, F. Beatrice Coleman. Other labor income—Chester F.
Michewicz. Rental income of persons—Frank A. Szumilo. Interest—
Jeanette M. Honsa. Employment and hours—Robert T. Clucas. Other
contributors to the personal income estimates were Ross H. Arnett,
Beulah B. Davis, Bonnie S. Lawrence, Imogene C. Petersen, Mary V.
Pitts, and Mark S. Rees.
Business income—JACQUELIN
BAUMAN, Willie J. Abney,
Dorothy G. Collins, V. May Hargreaves, David E. Henderson, Robert
M. Lipovsky, Kenneth A. Petrick, Jerry L. Stone, Conrad M. Terry.
Farm output—SHELBY W . HERMAN.
Price indexes and capital consumption adjustment—JOHN
C.
MUSGRAVE, Gerald Silverstein.
Federal Government transactions—JOSEPH
C. WAKEFIELD.
National defense—Walter H. Bennett, Robert J. Shue. Transfer payments and supplements—David
T. Dobbs, Robert Boyd.
Nondefense—Sarah
A. Hulsey, Stephen C. Lehman, Robert S. Luke,
Steven M. Nunes, Deloris T. Tolson. Constant dollar estimates—
John N. Wells, Hermione A. Anglin.
State and local government transactions— DAVID J . LEVIN.
Expenditures—Paul Schneiderman, Barbara G. Hobson. Receipts
Donald L Peters.
Gross national product by industry—JACK GOTTSEGEN, Marilyn
E. Baker, William Gullickson, Vesta C. Jones, Kwok Lee, Sherlene K.
S. Lum.
Computer services—Norman E. Bakka, Alexie M. Malcolm, Lou L.
Pai.
Secretarial—Nancy C. Beltz, Eunice V. Blue, Linda M. Brown,
Ruby J. Gore, Lula M. Thompson, June P. Trammell, Evelyn Waltz,
Teresa A. Williams, Dorothy A. Wilson.
Layout and graphics—BILLY JO HURLEY, Sybella G'Schwend,
Judith A. Hefford, Charles W. Robinson.

DEFINITIONS UNDERLYING THE NATIONAL
INCOME AND PRODUCT ACCOUNTS

Definitions of NIPA Entries

Income and product aggregates are defined below, and their
definitions are amplified by definitions of their components. Aspects
of the aggregates and their components that are not apparent from
their titles are emphasized.
The definitions are presented in the framework of the five-account
summary of the national income and product accounts (NIPA's)
shown in table A. Entries in a given account have counterentnes in
another. The parenthetical numbers that follow entries identify these
counterentries by account and line number. In general, entries are
defined below in the sequence in which they appear in the accounts.
Their definition is not repeated when the counterentries appear, but a
cross-reference is made to the place of their first appearance. The
definitions of GNP, national income, and some other production
aggregates can be found in the first two sections, which define the
entries in the NIP account. Definitions of personal income and disposable personal income can be found in the section that defines the
entries in the personal income and outlay account.

Gross private domestic investment (1-30) is fixed capital goods
purchased by private business and nonprofit institutions, and the
value of the change in the physical volume of inventories held by
private business. The former include all private purchases of dwellings, whether purchased for tenant or owner occupancy. Net
purchases of used goods are also included.
Net exports of goods and services (1 -38) and (1 -39) is exports less
imports of goods and services. Exports are part of national production. Imports are not, but are included in the components of GNP, and
are therefore deducted. There are differences between the NIPA
measures of exports and imports and those in the detailed balance of
payments accounts.
Government purchases of goods and services (1-40) is the compensation of government employees and purchases from business
and from abroad. It excludes transfer payments, interest paid by
government, and subsidies. It includes gross investment by government enterprises, but excludes their current outlays. It includes net
purchases of used goods, and excludes sales and purchases of land
and financial assets.

NIP account: charges against gross national product
NIP account: gross national product
GNP is the market value of the goods and services produced by
labor and property supplied by residents of the United States, before
deduction of depreciation charges and other allowances for business
and institutional consumption of fixed capital goods. Other products
charged to expense by business are deducted. GNP comprises the
purchases of goods and services by persons and government, gross
private domestic investment (including the change in business inventories), and net exports (exports less imports).

Persona/ consumption expenditures (1-26) is goods and services
purchased by individuals, operating expenses of nonprofit institutions,
and the value of food, fuel, clothing, rent of dwellings, and financial
services received in kind by individuals. Net purchases of used goods
are also included. All private purchases of dwellings are classified as
gross private domestic investment.




Charges against GNP is the costs incurred and the profits earned in
the production of GNP. Accordingly, it equals GNP, except for the
statistical discrepancy. Inthe NIPA's, these charges are arranged in
two groups. The first of these—compensation of employees,
proprietors' income, rental income of persons, corporate profits, and
net interest— are factor charges, because they represent the incomes
of the factors of production (labor and property). The total of factor
incomes is called the national income. The second group consists of
nonfactor charges. Addition of business transfers, indirect business
taxes, and current surplus of government enterprises less subsidies—
which are included in this group—to national income equals charges
against net national product (and net national product). Addition of
capital consumption allowances—the remaining item in the nonfactor cost group—to charges against net national product equals, in
principle, charges against GNP (and GNP). In practice, a statistical
discrepancy is also entered to secure balance between GNP and the
^factor and nonfactor charges against it.

VII

The aggregates that have been enumerated so far differ from each
other because of distinctions that are made between market value
and factor cost concepts, and gross and net concepts. GNP as derived
above is a gross market value measure; national income is a net factor cost measure; and net national product is a net market value
measure. In principle, four measures of production can be derived
from these two distinctions. In the United States, the following three
have been found most useful: GNP, which has already been defined,
and net national product and national income, which are defined
below.
Net national product is the net market value of the goods and services produced by labor and property supplied by residents of the
United States. Net national product equals GNP less capital consumption allowances, which are deducted from gross private
domestic fixed investment to express it on a net basis.
National income is the incomes that originate in the production of
goods and services attributable to labor and property supplied by residents of the United States. Thus, it measures the factorcostsof goods
and services produced. Incomes are recorded in the forms in which
they accrue to residents, and are measured before deduction of taxes
on those incomes. They consist of the compensation of employees,
proprietors' income, rental income of persons, corporate profits, and
net interest.
Compensation of employees is the income accruing to employees
as remuneration for their work. It is the sum of wages and salaries
and supplements to wages and salaries.
Wages and salaries consists of the monetary remuneration of
employees, including the compensation of corporate officers; commissions, tips, and bonuses; and receipts in kind that represent income to the recipients. It consists of disbursements (1-3) and wage
accruals less disbursements (1-4). Disbursements is wages and
salaries as just defined except that retroactive wages are counted
when paid rather than when earned.
Supplements to wages and salaries consists of employer, contributions for social insurance and of other labor income. Employer
contributions for social insurance (1-6) includes employer payments
under the following programs: Federal old-age, survivors, disability,
and hospital insurance; State unemployment insurance; railroad
retirement and unemployment insurance; government retirement;
and publicly administered workman's compensation. Other labor income (1-7) includes employer contributions to private pension and
welfare funds, and directors' fees.
Proprietors' income with inventory valuation and capital consumption adjustments (1-8) is the monetary income and income in kind of
sole proprietorships and partnerships, including the independent
professions, and of producers' cooperatives. Interest and dividend income received by proprietors, and rental incomes received by persons
who are not primarily engaged in the real estate business are excluded. The inventory valuation adjustment is described under corporate profits and the capital consumption adjustment under capital
consumption allowances.
Rental income of persons with capital consumption adjustment (1 9) is the monetary income of persons from the rental of real property.

viii



except the income of persons primarily engaged in the real estate
business; the imputed net rental income of owner-occupants of nonfarm dwellings; and the royalties received by persons from patents,
copyrights, and rights to natural resources. The capital consumption
adjustment is described under capital consumption allowances.
Corporate profits with inventory valuation and capital consumption
adjustments is the income of corporations organized for profit and of
mutual financial institutions that accrues to residents, measured
before profits taxes, before deduction of depletion charges, after exclusion of capital gains and losses, and net of dividends received from
domestic corporations. In addition to profits earned in domestic
operations, corporate profits includes net receipts of dividends and
branch profits from abroad. In other major respects,profits are defined
in accordance with Federal income tax regulations. The capital consumption adjustment is described under capital consumption
allowances.
Profits before tax is corporate profits without inventory valuation and capital consumption adjustments.
Profits tax liability (1 -12) is Federal, State, and local taxes on
corporate income.
Profits after tax is profits before tax less profits tax liability. Dividends (1-14) is cash dividents paid by corporations organized for
profit to stockholders who are U.S. persons. Undistributed profits
(1 -15) is corporate profits before tax less corporate profits tax liability
and less dividends. It equals the change in corporate net worth stemming from current operations. It may also be viewed as the sum of
purchases of fixed assets, the change in the book value of corporate
inventories, and the net acquisition of financial assets, less the sum of
capital consumption allowances, net borrowing, and net stock issues.
Inventory valuation adjustment (1-16) is the change in the
business inventories component of GNP (CBI), which is measured as
the change in the physical volume of inventories valued in prices of the
current period, less the change in the value of inventories reported by
business (book value). The IVA is required because, according to the
inventory accounting methods used by business, the change in book
values generally differs from the CBI. Measurement of inventory
change as physical volume change valued in prices of the current
period conforms its treatment to that of all other components of GNP.
An alternative definition of the IVA as the excess of the replacement
cost of inventories used up over their historical acquisition cost is
often helpful. That this definition is equivalent to the definition stated
above follows from the fact that, according to all methods of inventory valuation used by business, inventory purchases in an accounting
period are reflected in book values in the prices of that accounting
period. To make the measurement of charges against GNP consistent
with GNP, the IVA must be applied to reported corporate profits and
proprietors' income, because these are based on the same accounting
methods that underlie the book value of inventories.
Net interest (1-18) is interest paid by domestic business less interest received by it, plus net interest received from abroad. In addition to monetary interest flows, net interest includes flows of interest
in kind (imputed interest). The latter have their counterparts in similar
service charges. The portion of the imputed interest flows that is
allocated to consumers and government is a component of net in-

terest and the associated service charges are included in PCE and
government purchases.

Personal income and outlay account

Business transfer payments (1-20) includes corporate gifts to nonprofit institutions and bad debts incurred by consumers. Most of PCE
is stated before deduction of consumer bad debts; corporate profits
and proprietors' income are stated after allowance for bad debts. Accordingly bad debts have to be entered explicitly among the charges
against GNP. They are entered as a component of businesses transfer
payments because, like gifts, they fit into the general category of
transfer payments, which are defined as payments to persons for
which the latter do not perform current services.

Personal income is the income received by persons from all
sources, that is, from participation in production, from transfer payments from government and business, and from government interest,
which is treated like a transfer payment. Persons consist of individuals, nonprofit institutions, private noninsured welfare funds, and
private trust funds. Proprietors' income is treated in its entirety as
received by individuals. Life insurance carriers and private noninsured
pension funds are not counted as persons, but their saving is credited
to persons. Personal income is the sum of wage and salary disbursements, other labor income, proprietors' income, rental income of
persons, dividends, personal interest income, and transfer payments,
less personal contributions for social insurance.

Indirect business tax and nontax liability (1-21) consists of tax
liabilities (except employer contributions for social insurance) that are
chargeable to business expense in the calculation of profit-type incomes, and of certain other business liabilities to general government
that it is convenient to treat like taxes. Indirect business taxes includes sales, excise, and property taxes. Taxes on corporate income
are excluded because such taxes cannot be calculated until profits are
known, and in that sense, are not a business expense. Nontaxes includes regulatory and inspection fees, special assessments, fines and
penalties, rents, and royalties, and donations. Nontaxes generally excludes business purchases from government of goods and services
that are similar to business purchases of intermediate products from
other businesses. Government receipts from the sale of such products
are netted against government purchases so that they do not appear
in GNP and other measures of production.
Subsidies less current surplus of government enterprises (1-22).
Subsidies is the monetary grants paid by government to business, including government enterprises at another level of government. The
current surplus of government enterprises is their sales receipts less
their current outlays. In the calculation of their current surplus, no
deduction is made for depreciation charges and net interest paid.
Subsidies and current surplus are often combined because government enterprises may incur deficits by selling goods to businesses at
lower than market prices in lieu of giving them subsidies. This is also
the major reason for not counting the current surplus of government
enterprises as a profit-type income and, accordingly, as part of factor
charges.

Statistical discrepancy (1-23) is GNP less charges against GNP
other than the statistical discrepancy. It arises because GNP and
charges against GNP are estimated independently by a methodology
that is subject to error.
Capital consumption allowances with capital consumption adjustment (1-25). Capital consumption allowances consists of depreciation charges and accidental damage to fixed business capital. For
nonfarm business, they are as reported on Federal income tax
returns. For farms, nonprofit institutions, and
owner-occupied
houses, depreciation charges are not based on income tax returns,
but instead are NIP calculations. Capital consumption adjustment ( 1 17) is the tax return-based capital consumption allowances
less
capital consumption allowances that are based on estimates of
economic service lives, straight-line depreciation, and replacement
cost.




Disposable personal income is personal income less personal tax
and nontax payments. It is the income available to persons for
spending or saving.
Wage and salary disbursements (see 1-3).
Other labor income (see 1-7).
Proprietors' income with inventory valuation and capital consumption adjustments (see 1-8).
Rental income of persons with capital consumption adjustment
(see 1-9).
Dividends (see 1-14).
Personal interest income is the interest income of persons from all
sources. It is the sum of net interest (see 1-18), plus interest paid by
government to persons and business (2-14) less interest received by
government (2-15) plus interest paid by consumers to business (216). The last item consists of all interest paid by individuals in their
capacity as consumers, and accordingly excludes interest payments
on mortgages and home improvement loans, because homeowners
are treated as businesses in the NIPA's. The derivation of personal interest income can be explained as follows. Net interest equals interest paid by producers (that is, business and U.S. residents supplying labor and property services to abroad) to persons and government
less interest received by producers from consumers and government.
It therefore falls short of interest received by persons from producers
by the amount of interest received by producers from consumers and
government, and exceeds interest received
by persons from
producers by the amount of interest received by government from
producers. Accordingly, the former is added to net interest, and the
latter is deducted, to obtain personal interest income.
Transfer payments to persons is income payments to persons,
generally in monetary form, for which they do not render current services. It consists of business transfer payments (see 1-20) and
government transfer payments (2-19). Government transfer payments include payments under the following programs: Federal oldage, survivors, disability, and hospital insurance; supplementary
medical insurance; State unemployment insurance; railroad retirement and unemployment insurance; government retirement;
workmen's compensation; veterans, including veterans life insurance;

IX

food stamp; black lung; supplemental security income; and direct
relief. Government payments to nonprofit institutions, other than for
work under research and development contracts, is also included.

persons and business (see 2-14) and interest paid to foreigners (3-8).
Interest paid to foreigners is interest paid by the U.S. Government to
foreign businesses, governments, and persons.

Personal contributions for social insurance (2-20) includes payments by employees, self-employed, and other individuals who participate in the following programs: Federal old-age, survivors, disability, and hospital insurance; supplementary medical insurance;
State unemployment insurance; railroad retirement insurance;
government retirement; and veterans life insurance.

Subsidies less current surplus of government enterprises (see 1 22).
Wage accruals less disbursements (see 1 -4).

Personal tax and nontax payments (2-1) is tax payments (net of
refunds) by persons (except personal contributions for social insurance) that are not chargeable to business expense, and of certain
other personal payments to general government that it is convenient
to treat like taxes. Personal taxes includes income, estate and gift,
and personal property taxes. Nontaxes includes passport fees, fines
and penalties, donations, and tuitions and fees paid to schools and
hospitals operated mainly by government. Nontaxes generally excludes purchases by persons from government of goods and services
that are similar to goods and services purchased by persons from
business.
Personal outlays is personal consumption expenditures (see 1-26),
interest paid by consumers to business (see 2-16) and Personal
transfer payments to foreigners, net (2-5). The last item is personal
remittances in cash and in kind to abroad less such remittances from
abroad.
Personal saving (2-6) is personal income less the sum of personal
outlays and personal tax and nontax payments. It is the current saving
of individuals (including proprietors), nonprofit institutions, private
noninsured welfare funds, and private trust funds. Personal saving
equals the change in the net worth of persons, which may also be
viewed as the sum of net acquisition of financial assets (such as cash
and deposits, securities, and the net equity of individuals in life insurance and in private noninsured pension funds) and physical assets
less the sum of net borrowing and of capital consumption allowances.

Surplus or deficit (-), national income and product accounts (3-12)
is government expenditures less government receipts as defined in
the NI PA's. It may also be viewed as the net acquisition of financial
assets by general government and government enterprises, and net
government purchases of land and of rights to Government-owned
land including oil resources.

Gross saving and investment account

Personal saving (see 2-6).
Wage accruals less disbursements (see 1 -4).
Undistributed corporate profits with inventory valuation and
capital consumption adjustments (see 1-15, 1-16, and 1-17).
Capital consumption allowances with capital consumption adjustment (see 1-25).
Government surplus or deficit (-), national income and product accounts (see 3-12).
Capital grants received by the United States, net (see 4-2).
Statistical discrepancy (see 1-23).
Gross private domestic investment (see 1-30).
Net foreign investment (see 4-8).

Foreign transactions account
Government receipts and expenditures account

Personal tax and nontax payments (see 2-1).
Corporate profits tax liability (see 1-12).
Indirect business tax and nontax liability (see 1-21).
Contributions for social insurance (see 1-6 and 2-20).
Purchases of goods and services (see 1-40).
Transfer payments is transfer payments to persons (see 2-19) and
transfer payments to foreigners, net (3-4). The latter is U.S. Government nonmilitary grants to foreign governments in cash and in kind,
and of U.S. Government transfer payments, mainly retirement
benefits, to former residents of the United States.
Net interest paid is interest paid by government less interest
received by government (see 2-15). The former is interest paid to




Imports of goods and services (see 1 -39).
Transfer payments to foreigners (see 2-5 and 3-4).
Interest paid by government to foreigners (see 3-8).
Net foreign investment (4-8) is U.S. exports of goods and services
and capital grants received by the United States, net (see below), less
imports of goods and services by the United States, transfer payments to foreigners (net), and U.S. Government interest paid to for
eigners. It may also be viewed as the acquisition of foreign assets by
U.S. residents less the acquisition of U.S. assets by foreign residents.
It includes the errors and omissions item in the detailed balance of
payments accounts.
Exports of goods and services (see 1-38).
Capital grants received by the United States, net (4-2) is mainly
the allocation of special drawing rights to the United States.

Definitions of Sectors

In addition to the breakdown of GNP that appears in the fiveaccount summary of the NIPA's, GNP can be broken down by
sectors—business, households and institutions, government and the
rest of the world.
Business consists of all organizations that produce goods and services for sale at a price intended at least to approximate costs of
production. In the main, it covers private enterprises organized for
profit, both corporate and noncorporate, including farm operators, the
independent professions, and lessors of real property. Mutual financial institutions, private noninsured pension funds, cooperatives, nonprofit organizations serving business, Federal Reserve banks, and
federally sponsored credit agencies are also included, as well as
government enterprises. Owner-occupied dwellings and buildings
owned by nonprofit institutions serving individuals are considered to
be business establishments selling their current services to their
owners.
The business sector accounts for the bulk of GNP, and like GNP,
can be measured either in terms of the value of the goods and services it produces or in terms of the costs incurred and the profits
earned in its production.

Households and institutions consists of households of families and
unrelated individuals; nonprofit institutions serving individuals;
private trust funds; and private noninsured welfare funds. Its production is measured by the compensation of its employees.
Government consists of all Federal and State and local government agencies except government enterprises. Its production is
measured by the compensation of its employees.
Rest of the world consists of foreigners as transactors with U.S.
residents. Its production is measured by its net payments of labor and
property incomes to the United States.
For some purposes it is useful to have a measure of production
that excludes rest-of-the-world production. This is the gross domestic
product which is the market value of the goods and services
produced by labor and property located in the United States.




XI

Table A
1.—National Income and Product Account
[Billions of dollars]
Line

Compensation of employees
Wagesand salaries
Disbursements (2-7)
Wage accruals less disbursements (3-11)+(5-4)
Supplements to wages and salaries
Employer contributions for social insurance (3-19)
Other labor income (2-8)

873.0
763.1
763.6
-.5
110.0
55.5
54.5

Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)

85.1

Rental income of persons with capital consumption adjustment (2-10).

21.0

Corporate profits with inventory valuation and capital consumption
adjustments
Profits before tax
Profits tax liability (3-16)
Prof its after tax
Dividends (2-11)
Undistributed profits (5-6)
Inventory valuation adjustment (5-7)
Capital consumption adjustment (5-8)

..

Personal consumption expenditures (2-3).
Durable goods
Nondurable goods
Services

885.9
121.9
375.7
388.3

30
31
32
33
34
35
36

Gross private domestic investment (5-1).
Fixed investment
Nonresidential
Structures
Producers' durable equipment...
Residential
Change in business inventories

212.2
202.5
147.9
54.4
93.5

37
38
39

Net exports of goods and services.
Exports (4-1)
Imports (4-3)

7.7
144.2
136.5

40
41
42
43
44

Government purchases of goods and services (3-1).
Federal
National defense
Nondefense
State and local

301.1
111.7
77.4
34.3
189.4

54.6
9.7

70.7

Net interest (2-13).
NATIONAL INCOME

1.141.1

Business transfer payments (2-18)

5.8

Indirect business tax and nontax liability (3-17)

127.3

Less: Subsidies less current surplus of government enterprises (3-10)

.7

Statistical discrepancy (5-12)

-.6

CHARGES AGAINST NET NATIONAL PRODUCT

1,272.9

Capital consumption allowances with capital consumption adjustment (5-9) ....
CHARGES AGAINST GROSS NATIONAL PRODUCT

91.3
132.1
52.6
79.5
31.1
48.4
-38.5
-2.3

26
27
28
29

134.0
1,406.9

GROSS NATIONAL PRODUCT.

1.406.9

2.—Personal Income and Outlay Account




909.5
885.9
22.6
1.0

Other labor income (1-7)

54.5

9

Proprietors' income with inventory valuation and capital consumption
adjustments (1-8)

85.1

10

Rental income of persons with capital consumption adjustment (1-9).

21.0

Dividends (1-14)

31.1

Personal interest income
Net interest (1-18)
Interest paid by government to persons and business (3-7)
Less: Interest received by government (3-9)
Interest paid by consumers to business (2-4)

106.5
70.7
29.2
16.0
22.6

Transfer payments to persons
From business (1-20)
From government (3-3)

140.4
5.8
134.5

20

PERSONAL TAXES. OUTLAYS. AND SAVING

Wage and salary disbursements (1-3).

17
18
19

Personal saving (5-3)

7
8

12
13
14
15
16

Personal outlays
Personal consumption expenditures (1-26)
Interest paid by consumers to business (2-16)
Personal transfer payments to foreigners (net) (4-5).

171.2

11

Personal tax and nontax payments (3-15)

Less: Personal contributions for social insurance (3-20)

74.0

1.154.7

PERSONAL INCOME

763.6

,

47.4

1,154.7

Summary National Income and Product Accounts, 1974
3.—Go

nt Receipts and Expenditures Account
[Billions of dollars]
Line

Purchases of goods and services (1-40)

301.1

15

Personal tax and nontax payments (2-1)

Transfer payments
To persons {2-19)
To foreigners (net) (4-6)

137.7
134.5
3.2

16

Corporate profits tax liability (1-12)

Net interest paid
Interest paid
To persons and business (2-14)
To foreigners (4-7)
Less: Interest received by government (2-15)
Subsidies less current surplus of government enterprises (1-22).
Less: Wage accruals less disbursements

17.5
33.5
29.2
4.3
16.0

171.2
52.6

17

Indirect business tax and nontax liability (1-21).

127.3

18
19
20

Contributions for social insurance .
Employer (1-6)
Personal (2-20)

102.9
55.5
47.4

GOVERNMENT RECEIPTS

453.9

Imports of goods and services (1-39)

136.5

.7
-.5

Surplus or deficit (—), national income and product accounts (5-10).
Federal
State and local

-3.6
-11.7
8.1

GOVERNMENT EXPENDITURES AND SURPLUS

453.9

4.—Foreign Tn
Exports of goods and services (1-38)

144.2

RECEIPTS FROM FOREIGNERS.

Transfer payments to foreigners (net).
From persons (net) (2-5)
From government (net) (3-4)

4,2
1.0
3.2

Interest paid by government to foreigners (3-8).

4.3

8

-2.0

4
5
6
7

Capital grants received by the United States (net) (5-11).

Net foreign investment (5-2)
PAYMENTS TO FOREIGNERS

142.2

-2.8
142.2

5.—Gross Saving and Investn

Net foreign investment (4-8)

212.2

3

Personal saving (2-6)

-2.8

4

Wage accruals less disbursements

5

Gross private domestic investment (1-30).

Undistributed corporate profits with inventory valuation and capital

6
7
8
9

consumption adjustments
Undistributed corporate profits (1-15)
Inventory valuation adjustment (1-16)
Capital consumption adjustment (1-17)
Capital consumption allowances with capital consumption adjustment (1 -25)..

74.0
.0

7.6
48.4
-38.5
-2.3
134.0

10

1. Numbers in parentheses indicate accounts and items of counterentry in the accounts. Revised estimates for 1974 will be shown in the July 1976 SURVEY OF CURRENT BUSINESS. Further revisions will be
shown in the July 1977 SURVEY OF CURRENT BUSINESS.




Capital grants received by the United States (net) (4-2).

-2.0

12

209.5

-3.6

11

GROSS INVESTMENT .

Government surplus or deficit (—), national income and product accounts
(3-12)

Statistical discrepancy (1-23)
GROSS SAVING AND STATISTICAL DISCREPANCY .

-.6
209.5

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

1. Gross National Product, Net National Product, and National Income, 1946-74
Table 1.1.—Gross National Product: Annually, 1946-74, and
[Millions of
1946

1951

1952

1953

1954

1955

232,757

259,079

258,023

286,172

330,183

347,178

366,129

366,306

399,266

420,691

442,755

161,742

174,749

178,135

191,966

207,066

217,093

229,665

235,841

253,665

266,007

280,409

20,431
90,879
50,432

22,855
96,582
55,312

25,047
94,855
58,233

30,754
98,226
62,986

29, 814
108,773
68,479

29,148
113,899
74,046

32,499
116,530
80,636

31,840
117,951
86,050

38,621
122,933
92,111

37,887
128,900
99,220

39,334
135,154
105,921

33,952

45,855

35,277

53,815

59,180

52,109

53,349

52,715

68,377

71,022

69,188

24 272
16[768
6,823
9,945
7,504
6,808
519
177
6,379
6,350

34,414
22,889
7,573
15,316
11,525
10,527
697
301
—462
1,298
-1,760

41,147
26,178

38,352
24,283
8,551
15,732
14,069
12,933
837
299
—3,075
-2,209

47,026
27,137
9,338
,17,799
19,889
18,729
785
375
6,789
6,000
789

48,884
31,140
11,266
19,874
17,744
16,557
816
371
10,296
9,057
1,239

48,976
31,202
11,508
19,694
17,774
16,639
767
368
3,133
2,146
987

52.902
34,301
12,770
21,531
18,601
17,450
765
386
447
1,068
-621

54,258
33,978
13,166
20,812
20,280
19,178
711
391
—1,543
-2,129
586

62,424
38,317
14,429
23,888
24,107
23,041
634
432
5,953
5,486
467

66,327
43,720
17,377
26,343
22,607
21,449
700
458
4,695
5,075
-380

67,853
46,674
18,113
28,561
21,179
20,043
681
455
1,335
801
534

7,572

Fixed investment
Nonresidential.
Structures
Producers' durable equipment.
Residential
Nonfarm structures
Farm structures
Producers' durable equipment.
Change in business inventories
Nonfarm
Farm..

1950

30,651

Gross private domestic investment..

1949

15,756
82,728
45,324

Durable goods
Nondurable goods..
Services..

1948

143,808

Gross national product.
Personal consumption expenditures

1947

209,579

Line

11,610

6,511

Net exports of goods and services-

1,898

3,838

2,394

591

1,990

2,218

4,270

6,072

18,932
15,094

18,204
15,810

17,145
16,554

18,001
16,011

23,860
19,590

26,724
20,652

79,392

87,086

Federal
National defense.
Nondefense
State and local

45,902
40,156
5,746
33,490

49,964
44,017
5,947
37,122

19,837
8,227

16,882
10,371

15,859
9,640

13,914
12,016

27,548

25,453

31,964

38,392

38,493

60,099

75,582

82,524

75,760

20,045
17,827
75,006

17,617
14,789
2,828
9,931

Government purchases of goods and
services.

1957

6,219

14,811
7,239

Exports..
Imports21

17,280
14,969
13,766
873
330
4,708
2,976
1,732

1956

12,698
9,048
3,650
12,755

16,700
10,668
6,032
15,264

20,410
13,187
7,223
17,982

18,724
13,995
4,729
19,769

38,322
33,487
4,835
21,777

52,365
45,838
6,527
23,217

57,530
48,594
8,936
24,994

47,933
41,112
6,821
27,827

44,455
38,446
6,009
30,551

[Billions of
1947

1946
Line

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Gross nrivate domestic investment
Fixed investment
.
Nonresidential
Structures
Producers'
Residential durable equipment
Nonfarm structures
Farm structures
- Producers' durable equipment
C hange in business inventories
Nonfarm _.
Farm
- -- - -

..
--

.-

-

-

--

Government purchases of goods and
services.
Federal
National defense
Nondefense
State and local

.

II

III

IV

I

II

III

IV

I

II

205.0

215.3

220.4

224.9

229.1

233.3

243.6

249.6

257.1

264.0

265.5

260.1

139.6

148.4

152.7

156.0

159.9

163.5

167.6

170.3

174.0

176.9

177.8

176.6

14.7
80.6
44.4

17.1
85.1
46.2

18.7
86.3
47.7

19.4
87.7
48.8

20.0
90.1
49.9

20.3
92.1
51.1

22.0
93.6
52.0

22.0
95.1
53.2

22.4
97.0
54.6

23.7
97.0
56.2

23.3
97.3
57.2

22.8
96.3
57.5

31.5

32.6

34.0

32.7

31.6

31.8

39.7

43.3

46.1

47.9

46.1

18.6
13.0
5.6
7.3
5.7
5.1
.5
.1
5.9
6.0
—.1

22.7
15.5
6.9
8.6
7.2
6.5
.5
.2
8.8
8.7
.1

26.5
18.2

29.3
20.4

32.3
22.3

32.6
22.6

34.5
22.7

38.3
23.9

41.8
27.4

13.0
8.9
8.0
.6
.2
4.7
4.8
—.1

14.9
10.0
9.0
.6
.3
.4
1.5
—1.1

15.2
10.0
9.0
.7
.3
—1.0
1.5
—2.5

15.0
11.8
10.7
.7
.3
—2.7
—.3
—2.4

16.1
14.4
13.3
.8
.3
1.4
2.4
—1.0

41.0
25.4
8.7
16.7
15.6
14.4
.9
.3
5.1
2.9
2.2

41.8
26.4

10.8
8.3
7.6
.5
.2
6.1
5.9
.2

40.0
25.5
8.2
17.3
14.5
13.4
.8
.3
3.3
2.3
1.0

17.1
15.4
14.2
.9
.3
6.1
3.9
2.2

18.0
14.4
13.1
.9
.4
4.3
2.8
1.5




IV

256.6

258.6

256.5

178.2

177.6

180.1

24.8
95.3
58.1

25.8
93.5
58.3

26.8
94.3
59.0

39.3

32.7

35.7

33.4

39.3
25.9
9.1
16.8
13.4
12.3
.9
.3
.0
.6
—.6

38.0
24.8
8.7
16.1
13.2
12.1
.8
.3
—5.3
—4.1
—1.2

37.4
23.5
8.3
15.2
14.0
12.9
.8
.3
—1.7
—.6
—1.1

38.6
23.0
8.1
14.9
15.7
14.6
.8
.3
—5.3
—4.7
—.5

.

7.7

8.9

6.9

11.6

12.1

12.6

10.2

8.3

6.2

6.0

5.6

7.5

7.3

6.2

3.9

13.7
6.8

14.9
7.2

16.2
7.3

14.5
7.6

19.4
7.8

20.6
8.5

20.5
7.9

18.8
8.7

18.2
9.9

16.6
10.3

16.8
10.8

16.0
10.4

17.5
10.0

17.1
9.8

15.5
9.3

13.3
9.5

31.6

26.2

25.5

26.9

24.6

25.4

25.5

26.1

27.7

30.7

33.2

36.0

36.7

38.4

39.1

39.2

22.6
20.4
2.2
8.9

16.8
14.4
2.3
9.4

15.3
12.0
3.3
10.2

15.8
12.3
3.5
11.1

12.6
9.4
3.2
12.0

13.1
8.9
4.2
12.4

12.6
8.6
4.0
12.9

12.6
9.3
3.3
13.6

13.7
9.8
3.9
14.0

15.9
10.3
5.6
14.8

17.6
10.6
7.0
15.7

19.7
12.0
7.7
16.3

19.8
12.7
7.0
16.9

20.7
13.4
7.4
17.7

20.7
13.6
7.0
18.5

20.5
13.1
7.4
18.7

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

III

6.9

Net exnorts of foods and services
Exports
Imports..

I

24.5

Durable goods
Nondurable goods . - Services . . .
_.

IV

134.5

-

III

12.6
78.9
43.0

Gross national product

Personal consumption expenditures

II

197.4

1

g

1949

I

o
3
4
5

1948

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1962

1961

1964

1965

594,738

635,743

688,110

752,996

796,312

868,465

935,541

982,419 1,063,436 1,171,121 1,306,335 1,406,911

1

374,578

400,381

430,154

464,793

490,358

535,932

579,711

618,796

668,171

733,034

808,549

885,862

2

56,320
176,929
167,132

62,786
188,626
178,742

67,663
204,685
192,445

69,646
212,593
208,119

79,995
230,359
225,578

85,478
247,036
247,197

84,931
264,748
269,117

97,087
277,686
293,398

111,241
299,347
322,446

122,933
334,354
351,262

121,938
375,664
388,260

3
4
5

96,604

112,015

124,477

120,829

131,526

146,200

140,814

159,969

188,275

220,472

212,218

90,806
59,655
21,462
38,193
31,151
29,851
672
628
5,798
6,388
-590

102,496
71,252
26,109
45,143
31,244
29,949
608
687
9,519
8,498
1,021

110,157
81,417
29,237
52,180
28,740
27,375
673
692
14,320
14,480
-160

110,730
82,083
29,494
52,589
28,647
27,239
697
711
10,099
9,364
735

123,821
89,272
31,592
57,680
34,549
33,089
628
832
7,705
7,601
104

136,828
98,949
35,663
63,286
37,879
36,274
745
860
9,372
9,235
137

137,039
100,461
37,661
62,800
36,578
35,131
565
882
3,775
3,666
109

153,615
104,060
39,338
64,722
49,555
47,896
652
1,007
6,354
5,073
1,281

178,833
116,827
42,543
74,284
62,006
60,281
664
1,061
9,442
8,832
610

202,952
136,477
48,964
87,513
66,475
64,659
608
1,208
17,520
14,051
3,469

202,471
147,916
54,406
93,510
54,555
52,219
992
1,344
9,747
11,609
-1,862

6
»
g

5,060

4,937

2,280

1,753

3,946

1,562

-3,293

7,368

7,746

18

45,561
40,624

49,933
47,653

54,699
52,946

62,468
58,522

65,595
64,033

72,656
75,949

101,519
94,151

144,224
136,478

19
20

1963

1959

1960

448,881

486,465

505,978

523,292

563,817

289,461

310,768

324,903

334,995

355,217

36,846
139,790
112,825

42,436
146,444
121,888

43,109
151,115
130,679

41,573
155,286
138,136

46,703
161,561
146,953

51,432
167,067
156,079

61,916

77,552

76,444

74,335

85,188

90,204

63,407
41,619
16,743
24,876
21,788
20,662
650
476
-1,491
-2,339
848

72,325
45,297
17,047
28,250
27,028
25,784
674
570
5,227
5,313
-86

72,685
47,703
18,171
29,532
24,982
23,869
584
529
3,759
3,471
288

72,143
47,096
18,356
28,740
25,047
23,823
703
521
2,192
1,918
274

78,683
51,248
19,424
31,824
27,435
26,250
645
540
6,505
5,766
739

84,241
53,596
19,578
34,018
30,645
29,398
655
592
5,963
5,172
791

2,464

559

4,372

5,806

5,378

6,295

8,948

1967

1966

7,591

1958

1968

1969

1970

1971

1972

1973*

1974*

Line

<
j

10
11
12
13
14
15
16
17

23,286
20,822

23,725
23,166

27,595
23,223

28,882
23,076

30,607
25,229

32,709
26,414

37,393
28,445

39,548
31,957

42,773
37,713

95,040

97,586

100,259

108,156

118,034

123,661

129,810

138,350

158,666

180,188

198,727

207,877

218,863

233,734

253,105

269,946

301,085

21

53,904
45,565
8,339
41,136

53,890
45,597
8,293
43,696

53,711
44,451
9,260
46,548

57,370
46,995
10,375
50,786

63,738
51,052
12,686
54,296

64,631
50,296
14,335
59,030

65,218
49,048
16,170
64,592

67,268
49,443
17,825
71,082

78,833
60,330
18,503
79,833

90,924
71,462
19,462
89,264

98,019
76,868
21,151
100,708

97,461
76,272
21,189
110,416

95,642
73,537
22,105
123,221

96,220
70,230
25,990
137,514

102,126
73,513
28,613
150,979

101,981
73,370
28,611
167,965

111, 692
77,380
34,312
189,393

22
23
24
25

dollars]
1952

1951

1950

1953

1954

1955
Line

I

II

267.4 276.9
182.9

II
I

I

I

III

IV

I

361.8

366.2

375.0

387.5

395.4 404.0 410.2

1

234.3

236.4

240.8

246.8

251.9 256.0 260.0

2

31.3
118.1
87.0

33.0 36.2
119. 5 120.5
88.3 90.1

38.6 40.3 39.4
122. 2 123.3 125.7
91.1 92.4 94.9

3
4
5

II
I

338.5 341.1

341.3

347.0

359.2 365.4

368.8 367.8 362.6 362.0

203.8

206.2 209.9 211.1

215.1

217.2

225.0 228.3

229.9

230.5 230.0 231.9

31.5 33.8
100. 9 107.6
65.4
66.9

28.9
107.1
67.9

28.3
109.0
69.0

28.3 28.9
111.4 110.8
70.1 71.5

29.0
113.0
73.1

27.3
115.0
74.9

31.4
116.9
76.7

32.9
117.0
78.4

32.8
116.9
80.2

32.5
116.2
81.8

31.9 31.2
116.0 117.1
82.1 83.6

31.8
117.1
85.3

294.5 305.9

186.8 200.4

I

II

IV

197.8

I

II

III

319.9

327.7

334.4

208.3

IV

IV

II

II
I

IV

II

II

27.7
94. 8
60.3

28.1
96.3
62.3

35.6
100.9
63.9

43.6

50.5

55.4

65.6

60.7

63.9

58.7

53.4

54.1

47.5

51.1

55.7

54.8

56.1

54.2

41.2
23.6
8.5
15.1
17.6
16.5
.8
3
2.4
22
"' 2

45.8
26.0
8.9
17.1
19.8
18.6
.8
4
4.8
4.2
6

50.6
28.9
9.6
19.4
21.6
20.5
.8
4
4.9
3.8
11

50.6
30.0
10.4
19.6
20.6
19.4
.8
4
15.1
13.8
1 2

50.2
30.2
10.8
19.4
20.0
18.8
.8
4
10.5
9.3
12

48.7
31.1
11.5
19.7
17.6
16.4
.8
4
15.2
14.0
12

48.3
31.8
11.6
20.2
16.5
15.3
.8
4
10.4
9.1

48.3
31.4
11.2
20.2
16.8
15.7
.8
.4
5.1
3.8
13

48.9
31.7
11.3
20.4
17.2
16.1
.8
.3
5.2
4.0
1.2

49.9
32.2
11.4
20.8
17.7
16.5
.8
.4
-2.3
-3.3
1.0

46.8
29.1
11.5
17.7
17.7
16.6
.8
.3
4.3
3.3
.9

50.3
31.8
11.9
19.9
18.5
17.4
.8
.4
5.4
4.6
.8

52.4
33.5
12.3
21.3
18.9
17.7
.8
.4
2.4
3.0
—.6

53.0
34.0
12.7
21.3
19.0
17.8
.8
.4
3.2
4.1
—.9

53.5 52.8 52.1
35.1 34.6 33.7
12. 9 13.1 13.2
22.1
21.4 20.6
18.4 18.2 18.3
17.3
17.1 17.2
.7
.8
.8
.4
.4
.4
. 7 -4.5 -2.5
1.5 -4.3 - 2 . 8
•
>
•>
—. 8

3.2

2.7

.6

11
.

1.3

3.3

5.1

5.7

5.0

3.2

1.2

.2

.5

.2

.7

1.0

1.2

18
.

2.1

2.9

2.9

1.5

13.1
9.9
37.7

13.3
10.6

14.0
13.4

15.2
14.1

16.6
15.4

19.0
15.7

19. 9
14.8

20.2
14.5

20.4
15.4

18.4
15.2

17.0
15.8

17.1
16.9

16.9
16.3

17.1
17.0

17.5
16.8

17.1
16.1

16.5
15.4

18.5
16.8

18.0
15.9

19.0
16.0

19.6
16.7

36.9

38.0

41.4

49.6

56.7

64.4

69.6

70.9

75.5

77.5

78.3

81.7

82.6

82.4

83.4

79.5

75.4

74.6

73.4

74.3

19.3
17.8
74.1

18.6
12.4
6.1
19.1

17.4
12.5
4.9
19.4

18.0
14.1
4.0
20.0

20.9
16.9
3.9
20.5

28.7
24.0
4.7
20.9

35.1
30.3
4.8
21.6

42.3
37.7
4.6
22.1

47.2
42.0
5.2
22. 4

48.3
42.4
6.0
22.6

52.2
45.6
6.6
23.3

54.3
46.9
7.4
23.1

54.6
48.5
6.1
23.8

57.2
49.1
8.1
24.5

58.1
49.5
8.7
24.4

57.2
48.3
8.9
25.1

57.6
47.5
10.1
25.8

52.8
44.3
8.5
26. 7

48.0
41.9
6.1
27.4

46.2
39. 8
6.4
28.4

44.8
38.4
6.3
28.7

44.5
38.6
5.9
29.8

43.7
38.1
5.6
30.3




48.2

49.5

II
I

IV

50.4

53.1

57.8

63.5

67.9

70.1

72.0

6

53.1
33.6
13.1
20.4
19.5
18.4

.55.3
34.3
13.2
21.1
21.0
19. 9

56.6
34.3
13.2
21.1
22.3
21.2
.7
.4
1.3

58.9
34.8
13.6
21.1
24.1
23.0

61.9
37.2
14.1
23.1
24.7
23.6
.6
.4
6.1
5.7
.3

64.0
39.7
14.7
25.0
24.3
23.3
.6
.4
6.0
5.5
.5

64.9
41.6
15.3
26.3
23.3
22.3
.6
4
7.1
6.8
3

7
8
9
10
11
12
13

2.4

2.0

18

20.5
18.1

19
20

75.4

20.8
18.7
76.2

44.7
39.1
5.6
30.7

44.9
38.0
6.9
31.3

22
23
24
25

.4
.4
-2.7 — 2 . 2
-3.2 -i!8
.5
.6

ilo

.4
4.6
3.8
.8

14
15
16
17

21

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 1.1.—Gross National Product: Annually, 1946-74, and
[Billions of
1957

1966

III

IV

1958

II

III

IV

II

1959

III

IV

II

III

IV

Gross national product

411.9

417.4

422.4

430.9

438.9

441.0

448.2

442.8

435.8

439.9

453.1

466.3

476.0

489.9

486.5

493.5

Personal consumption expenditures

261.4

263.9

266.8

271.9

276.1

278.3

282.8

284.4

284.0

286.8

291.7

295.4

303.5

309.1

314.2

316.2

37.6
127.2
96.5

37.6
128.1
98.1

37.3
129.4
100.1

38.9
130.8
102.1

40.0
132.5
103.6

39.5
133.9
104.9

39.1
137.2
106.5

38.8
136.9
108.7

36.8
137.6
109.6

36.0
138.9
111.9

36.7
140.8
114.2

38.0
141.9
115.5

41.2
144.3
118.0

43.0
145.6
120.5

43.9
147.1
123.2

41.6
148.7
125.9

70.8

70.4

71.3

71.6

69.8

69.8

71.8

65.4

57.8

56.5

62.5

70.4

74.2

83.2

73.6

79.2

64.8
42.0
16.6
25.4
22.7
21.6
.7
.5
6.0
6.6
-.5

66.1
43.1
17.2
25.9
23.0
21.8
.7
.5
4.3
5.2

67.2
44.6
17.8
26.8
22.6
21.4
.7
.5
4.1
4.4

67.3
45.2
18.0
27.2
22.1
21.0
.7
.4
4.3
4.1
.2

67.8
46.1
18.0
28.2
21.6
20.4
.7
.5
2.1
2.0
.1

67.5
46.3
18.2
28.1
21.2
20.0
.7
.5
2.3
2.0
.3

68.6
47.6
18.2
29.3
21.0
19.9
.7
.4
3.2
2.5
.7

67.6
46.7
18.1
28.6
20.9
19.8
.7
.5
-2.2
-3.3
1.1

63.2

61.6
41.2
16.8
24.4
20.5
19.4
.6
.4
-5.1
-5.9

62.4
40.5
16.3
24.1
22.0
20.8
.6
.5
.1
-.8
.9

66.3
42.0
16.5
25.5
24.4
23.1
.7
.6
4.1
3.3
.8

70.2
43.4
16.4
27.0
26.9
25.6
.6
.6
4.0
4.0
.0

72.8
45.0
17.0
28.0
27.8
26.5
.7
.6
10.4
10.5
-.1

73.6
46.4
17.4
29.0
27.2
26.0
.7
.5
.0
.2
-.1

72.7
46.4
17.4
29.0
26.3
25.1
.7
.5
6.5
6.7
-.1

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
...
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services.
Federal
National defense
Nondeft-nse
State and local

42.9

17.3
25.5
20.4
19.4
.7
.3
-5.4
-6.3

2.5

3.9

4.6

6.1

6.8

6.4

6.2

5.0

2.9

2.4

2.8

1.8

.4

-.4

1.2

1.1

22.1
19.6

23.5
19.6

24.5
19.9

27.6
20.8

27.3
20.9

26.7
20.5

25.3
20.4

23.1
20.3

23.3
20.9

23.4
20.5

23.4
21.6

22.6
22.2

22.9
23.4

24.9
23.7

24.5
23.4

77.2

79.3

79.7

25.3
19.2
81.3

87.5

88.1

91.2

94.2

96.1

98.7

97.8

98.0

97.5

97.0

44.9
38.3
6.6
32.3

46.2
40.3
5.9
33.1

45.8
40.2
5.6
33.9

46.7
41.9
4.8
34.6

50.3
43.3
7.0
35.9

50.1
44.6
5.5
37.5

49.6
44.3
5.3
38.5

51.6
44.5
7.2

53.6
45.4
8.2
40.6

54.4
45.9
8.5
41.7

55.9
46.5
9.4
42.7

54.3
46.1
8.1
43.6

54.3
45.5
8.8
43.7

53.7
45.6
8.1
43.8

53.3
45.1
8.1
43.7

86.2
49.9
43. 9
6.0
36.7

1966
II

39.5
1967

III

II

IV

1968
III

IV

II

III

IV

Gross national product..

733.7

759.0

771.7

777.5

785.8

803.1

818.7

837.3

861.8

880.0

894.7

Personal consumption expenditures

455.9

460.3

469.1

473.9

478.6

487.6

494.2

501.1

517.6

528.5

544.5

553.1

68.4
200.5
187.0

65.7
203.9
190.6

68.2
206.8
194.1

68.4
207.4
198.0

66.9
209.6
202.2

70.2
211.2
206.2

70.3
213.4
210.5

71.2
216.2
213.7

76.5
223.0
218.2

78.1
227.6
222.8

82.3
233.9
228.3

83.1
237.0
233.0

121.8

126.7

123.7

125.7

118.6

115.5

121.7

127.5

125.1

131.9

132.3

136.8

110.3
79.2
28.9
50.3
31.2
29.6
.8
.7
11.5
10.7

111.4
81.2
29.0
52.2
30.2
29.0
.4
.7
15.3
15.5
^2

110.7
82.4
29.8
52.5
28.4
27.0
.7
.7
13.0
13.4
-.4

108.2
82.9
29.2
53.7
25.3
23.9
.8
.7
17.5
18.3
-.9

106.3
81.2
29.6
51.6
25.0
23.6
.8
.7
12.3
12.2
.1

111.5
81.8
29.7
52.1
29.7
28.4
.6
.7
10.3
9.3
1.0

115.8
83.7
29.6
54.1
32.1
30.5
.8
.8
11.7
10.6
1.1

119.8
86.8
31.2
55.6
33.0
31.5
.7
.8
5.3
5.1
.2

121.4
87.1
31.2
55.8
34.3
33.0
.6
.8
10.5
10.4
.1

124.3
89.7
31.2
58.5
34.6
33.1
.6
.8
8.0
7.9
.1

129.8
93.5
32.7
60.9
36.2
34.7
.6
.9
7.1
7.0
.1

Durable goods
Nondurable goods
Services
Gross private domestic investment..
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
_
Producers' durable equipment
Change in business inventories
Nonfarm..
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services.
Federal...
National defense
Nondefense
State and local




747.6

6.1

5.3

4.2

4.6

5.2

109.4
81.6
29.1
52.5
27.8
26.5
.6
.7
6.1
5.4
.7
5.2

5.3

4.0

1.7

3.3

3.1

1.0

41.7
35.6

42.0
36.7

43.2
39.1

44.2
39.5

45.3
40.1

44.9
39.7

45.7
40.4

46.4
42.4

47.1
45.4

50.1
46.8

52.4
49.3

50.1
49.1

149.9

155.2

162.1

167.5

175.2

177.5

181.9

186.2

192.9

198.1

200.2

203.7

73.6
55.1
18.5
76.2

76.8
58.4
18.3
78.5

81.5
62.7
18.8
80.6

83.5
65.0
18.4
84.0

88.6
69.4
19.2
86.6

89.4
70.4
18.9
88.2

92.1
72.5
19.6
89.8

93.7
73.5
20.2
92.5

96.2
76.1
20.0
96.7

98.5
77.2
21.3
99.6

98.6
76.7
21.9
101.6

98.7
77.4
21.3
104.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

1960

1963

1964

1965
Line

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

1
1

506.5

506.2

504.6

507.1

518.2

527.2

540.7

553.0

562.1

567.8

572.3

580.2

587.9

600.5

610.4

622.4

632.4

642.1

646.0

665.4

678.7 695.1 713.3

1

319.8

325.9

326.0

328.0

328.5

333.1

335.7

342.7

347.5

353.0

357.0

363.4

367.2

371.2

377.8

382.1

390.5

397.8

405.7

407.5

417.7

424.1 432.7 446.1

2

43.0
148.8
128.0

43.9
151.8
130.2

43.4
151.4
131.2

42.2
152.5
133.3

39.7
153.9
135.0

40.7
154.7
137.6

41.9
155.2
138.6

44.0
157.4
141.4

45.0
159.3
143.2

46.3
160.6
146.1

46.8
162.2
148.0

48.8
164.1
150.5

49.8
165.2
152.1

51.1
165.9
154.1

51.9
168.3
157.7

52.9
168.8
160.4

55.0
172.7
162. 9

56.3
175.7
165.7

58.1
179.1
168.5

56.0
180.1
171.4

61.4
182.6
173.7

61.3 63.1 65.3
186.0 189.5 196.5
176.9 180.1 184.3

3
4
5

86.8

77.7

73.5

67.7

66.8

72.7

77.7

80.1

84.6

86.2

86.4

83.6

86.0

88.9

92.3

93.6

94.0

96.4

97.4

98.6

109.2

110.1 114.3 114.5

6

69.8
45.7
18.5
27.2
24.1
22.8
.7

71.1
46.8
18.3
28.6
24.3
23.1
.6

72.6
47.1
18.3
28.8
25.5
24.4
.5

75.1
48.7
18.3
30.4
26.4
24.9
1.0

76.3
49.8
18.6
31.2
26.5
25.4
.6

79.1
51.4
19.4
32.0
27.6
26.5
.6

80.0
52.1
20.1
32.0
27.8
26.6
.7

79.4
51.7
19.7
32.0
27.7
26.5
.7

80.1
51.4
18.8
32.6
28.8
27.5
.7

83.6
52.9
19.7
33.2
30.8
29.4
.7

85.1
54.3
19.8
34.5
30.8
29.7
.5

88.1
55.9
20.0
35.8
32.2
30.9
.7

89.4
56.9
20.2
36.7
32.4
31.0
.8

89.9
58.7
21.2
37.5
31.2
30.0
.6

91.3
60.6
21.9
38.7
30.7
29.5
.6

92.6
62.3
22.5
39.9
30.2
29.0
.6

98.1
66.8
23.8
42.9
31.3
29.9
.8

101.2 103.8 106.9
69.6 72.5 76.1
25.9 26.4 28.3
43.7 46.2 47.8
31.5 31.3 30.8
30.4 29.9 29.6
7
5
4
.7
7
7
9.0 10.4
7.6
8.0
9.1
6.4
1.0
1 3 1 2

7
8
9
10
11
12
13

I
506.6

75.5
48.3
18.3
30.0
27.2
26.0
7
5
11.3
11.1
1

II

71.2
47.2
17.9
29.3
24.0
22.8
6

73.4
48.6
17.9
30.7
24.8
23.5
5
5
4.3
4.0
3

.5

2.4
1.9
.4

70.7
46.8
18.6
28.2
23.9
22.8
.6
.5

-2.9
-3.2
.3

.5

.5

1.6
1.4
.2

.5

5.0
4.7
.3

.5

.6

8.3
7.7
.6

.5

5.1
4.8
.3

.5

-3.0
-3.2
.2

7.1
6.4
.7

6.4
5.6
.8

.>6

.6

4.4
.9

.6

.6

4.1
3.3
.8

7.2
6.4
.8

5. if

5.8
5.0
.9

.6

.6

5.6
4.9
.6

4.7
5.1
-.4

1

III

.6

IV

.6

6.4
7.0
-.6

6.0
6.8
-.7

I

.6

II

.7

6.1
6.7
-.6

11.1
10.5
.6

III

IV

14

15
16
17

2.8

3.6

5.0

6.2

6.8

5.6

5.3

5.5

4.8

6.1

5.7

5.0

5.0

6.6

6.0

7.5

9.5

8.3

9.0

8.9

6.8

8.8

8.1

6.7

18

26.4
23.7

27.4
23.9

28.2
23.3

28.3
22.1

28.9
22.1

27.9
22.3

29.0
23.7

29.8
24.2

29.4
24.6

31.2
25.2

31.1
25.4

30.7
25.8

30.5
25.4

33.0
27.0

34.6
27.1

36.9
27.3

36.4
28.1

40.7
32.6

40.8
34.1

19
20

101.8

102.7

105.0

106.8

108.4

112.3

116.1

116.8

118.8

120.4

122.0

124.3

127.1

128.3

130.0

130.9

35.5
28.7
131.7

41.1
32.4

99.3

37.8
28.8
130.0

38.6
29.6

97.3

32.7
26.2
121.3

135.7 140.1 146.0

21

52.3
43.9
8.4
44.9

53.1
43.8
9.3
46.2

54.6
44.8
9.8
47.2

54.8
45.3
9.5
47.9

55.3
46.0
9.3
49.7

56.9
46.7
10.3
49.9

57.7
46.8
10.8
50.8

59.6
48.5
11.1
52.7

63.0
50.9
12.1
53.1

63.0
51.3
11.7
53.8

64.1
51.1
13.1
54.7

64.8
50.9
13.9
55.6

64.9
50.2
14.7
57.1

63.3
50.5
12.8
58.0

64.5
50.2
14.3
59.8

65.9
50.3
15.6
61.2

65.9
49.8
16.0
62.4

65.8
49.5
16.3
64.2

64.7
48.9
15.8
65.3

64.5
47.9
16.6
66.4

63.9
47.1
16.9
67.8

67.6
49.3
18.2
72.5

22
23
24
25

1971

1970

1969

1972

65.8
48.3
17.5
69.9

1973*

71.8
53.1
18.7
74.1

1974*
Line

II

I

III

IV

I

II

III

I

IV

II

III

IV

I

II

III

IV

I

II

III

IV

II

I

III

IV

913.0 929.0

946.9

953.3

964.2

976.5

992.6

996.3 1, 034.0 1, 056.2 1, 072.4 1, 091.2 1, 127.0 1, 156.7 1, 181.4 1, 219.4 1, 265.0 1, 287.8 1, 319.7 1, 352.7 1,370.9 1, 391.0 1, 424.4 1,441.3

563.8 574.1

584.5

596.4

606.4

615.2

625.1

628.4

648.6

662.9

674.1

687.1

705.9

724.7

739.7

761.8

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

2

84.8 85.3
240.8 244.9
238.2 243.9

85.5
249.0
249.9

86.2
253.4
256.8

84.8
259.0
262.6

86.2
262.4
266.6

86.7
266.4
272.1

82.1
271.2
275.1

92.8
272.4
283.4

95.9
276.7
290.3

97.7
278.9
297.5

102.0
282.7
302.4

106.0
287.6
312.3

109.2
296.4
319.1

112.2
302.2
325.3

117.6
311.2
333.0

124.8
321.4
339.5

124.4
328.0
348.2

123.7
339.6
355.2

118.9
348.5
362.2

118.4
359.8
371.2

123.1
371.9
382.8

128.9
383.9
394.9

117.3
387.1
404.0

3
4
5

211.7

217.1

221.2

231.9

218.4

212.7

207.6

210.3

6

202.8
134.5
47.7
86.7
68.3
66.6
5
1?
1.2
12.4
14.3
10.1
11.0
?. 3
33

205.6
138.5
50.3
88.2
67.0
65.2
.6

204.2
141.8
51.5
90.4
62.4
60.4
.7

203.5
145.9
53.4
92.5
57.6
55.3
1.0

203.4
146.6
54.1
92.4
56.9
54.6
.9

203.1
148.1
54.0
94.1
55.0
52.7
.9

199.8
151.1
56.1
95.0
48.7
46.3
12

7
8
9
10
11
12
13

1.4

1.4

1.3

14

144.0 147.2

150.5

143.2

138.6

140.3

143.3

141.0

152.7

160.8

161.0

165.4

176.7

184.9

191.0

200.5

135.3 136.5
96.7 97.7
33.9 34.8
62.8 62.9
38.5 38.8
36.8 37.3
.5
.9

138.6
100.4
36.8
63.6
38.2
36.3
1.0

137.0
100.9
37.1
63.8
36.1
34.7
.5

136.0
99.9
36.8
63.2
36.1
34.7
.6

136.2
101.3
37.6
63.7
34.9
33.6
.4

137.5
101.7
38.0
63.7
35.8
34.4
.5

138.4
98.9
38.3
60.6
39.5
37.8
.7

145.2
102.3
38.7
63.6
42.9
41.4
.5
10
7.5
5.8
1.7

151.2
102.7
39.1
63.6
48.5
46.9
.6

156.2
104.1
39.7
64.4
52.1
50.3
.8

161.9
107.1
39.8
67.4
54.8
53.0
7
11
3.5
2.6
q

171.9
112.2
41.6
70.6
59.7
58.0
7
1 0
4.7
4.0
7

174.8
114.2
42.0
72.2
60.6
58.9
6

178.8
117.0
42.5
74.5
61.8
60.1
.7

189.7 199.3
123.8 131.0
44.0
46.3
79.9
84.8
65.9
68.2
64.2
66.4
fi
7

.9

.9

.9

.8

.8

.9

.9

.9

1.0

i n

1.1

1.0

1.1

1.2

1.2

1.3

1

1.1

.9

2.7

2.3

3.9

4.4

4.7

2.7

3.9

1.4

1.9

-.9

-4.6

10.1
9.3
.8
-4.1

-2.3

-2.1

2.0

4.5

10.2

12.8

15.6

4.0

3.2

8.2

18

47.2
46.0

56.0
55.1

57.4
54.8

58.2
55.9

61.3
57.3

62.9
58.5

62.3
59.6

65.1
61.2

66.6
65.3

68.2
66.3

62.4
63.3

69.1
73.7

69.2
73.3

73.4
75.7

79.0
81.1

89.4
87.4

96.6
92.1

105.2
95.0

114.9
102.0

133.1
117.5

141.6
137.6

148.6
145.5

153.6
145.3

19
20

204.1 206.7

209.2

211.4

215.3

216.5

63.4
58.7
219.4

224.2

228.8

231.1

235.5

239.6

249.0

251.1

253.0

259.2

265.7

265.7

270.0

278.4

287.5

296.5

305.9

314.4

21

97.2 97.1
75.3 75.6
21.9 21.5
107.0 109.7

97.9
77.1
20.7
1U.4

97.8
77.0
20.7
113.6

97.9
75.8
22.1
117.4

95.6
72.9
22.6
121.0

94.0
72.7
21.3
125.4

95.1
72.7
22.4
129.1

95.9
72.0
23.9
132.9

94.9
70.1
24.8
136.2

96.4
68.9
27.6
139.0

97.6
70.0
27.7
142.0

103.1
74.7
23.5
145.9

102.8
74.4
28.4
148.4

100.3
71.7
28.6
152.7

102.3
73.3
29.0
157.0

104.1
74.0
30.1
161.6

99.9
73.0
27.0
165.8

100.0
72.3
27.6
170.0

104.0
74.2
29.8
174.5

106.1
74.8
31.4
181.4

108.9
75.8
33.0
187.6

113.6
78.4
35.1
192.3

118.2
80.5
37.7
196.3

22
23
24
25

8.7
8.6
1

10.7
10.5
1

11.9
11.8
1

2.5
2.4
.1

6.2
6.1
.1

216-143
 O - 77 - 2


4.2
4.0
.1

5.8
5.7
.1

2.6
2.5
.1

9.6
8.4
1.2

4.8
3.5
1.3

12.1
11.7
.5

10.8
10.3
ft

15.6
11.0
4.6

27.7
24.0
3.7

14.9
14.1
.7

4.4
9.3
7.6
11.0
— 1.7 —3 2

10.4
13.7
—3 2

15
16
17

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 1.2.—Gross National Product in Constant Dollars: Annually, 1946-74,
[Billions of
1948

1947

1946

Line

1951

1950

1949

1952

1954

1953

1955

1956

1957

1

Gross national Droduct

477.0

468.3

487.7

490.7

533.5

576.5

598.5

(521.8

613.7

654.8

668.8

680.9

2

Pprsoniil consu motion exDGnditurcs

301.4

306.2

312.8

320.0

338.1

342.3

350.9

I*64.2

370.9

395.1

406.3

414.7

25.8
158.9
116.7

30.6
154.8
120.8

33.1
155.0
124.6

36.3
157.4
126.4

43.4
161.8
132.8

39.9
165.3
137.1

38.9
171.2
140.8

43.1
.75.7
145.5

43.5
177.0
150.4

52.2
185.4
157.5

49.8
191.6
164.9

49.7
194 9
170 2

71.0

70.1

82.3

65.6

93.7

94.1

83.2

85.6

83.4

104.1

102.9

97.2

58.8
42.0
18.8
23.2
16.8
15.5

76.8
51.0
18.4
32.7
25.8
23.9

70.0
46.0
17.8
28.2
24.0
22.3

83.2
50.0
19.1
30.9
33.2
31.5

80.4
52.9
20.6
32.3
27.5
25.9

78.9
52.1
20.6
31.5
26.8
25.3

85.6
55.4
23.5
31.8
30.2
28.8

96.3
61.2
25.3
35.9
35.1
33.8

1.2

97.1
65.2
28.1
37.1
31.9
30.4

.3
5.5
4.4

.3
-4.4
-3.9

.3
13.7
12.1

.3
4.3
3.1

1.1

95 7
66 0
28 1
37.9
29.7
28 3

.3
10.6
9.2

1.3

1.2

84.1
56.3
22.5
33.8
27.8
26.3

.2
12.2
12.5
-.3

70.4
48.9
17.3
31.6
21.5
19.8
1.3
.3
-.2
1.7
-1.9

.3
1.5
1.7

.3
-2.2
-3.1

1.0

1.0

1.1

-.5

1.4

1.6

1.2

.9

.4

-.8

.4
1.5
.9
.6

11.6

16.6

8.5

8.8

4.0

7.4

4.9

2.0

4.5

4.7

7.3

8.9

26.1
14.6

30.2
13.6

24.2
15.7

24.2
15.4

21.7
17.7

25.9
18.5

24.9
20.0

23.8
21.8

25.3
20.8

27.9
23.2

32.3
25.0

34.8
26.0

93.1

75.4

84.1

96.2

97.7

132.7

159.5

170.0

154.9

150.9

152.4

160.1

58.4
34.8

36.1
39.3

42.4
41.8

48.9
47.4

47.0
50.7

81.3
51.3

107.0
52.5

114.6
55.4

95.2
59.7

86.9
64.0

85.9
66.5

89.8
70.3

3
4
5

Durable goods
Nondurable coods
Services

- -

Gross orivate domestic investment
7
g
9

10
11
12
13

14
15
16
17
18
19
20

21
22
23

Fixed investment
Nonresidential

- - -

Structures

-

Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

1.1

--

Net exnorts of foods and services
Exports
Imports

-

_

Government purchases of goods and services.
Federal
State and local '

1.5

1.3

1.4

-.2

1948

1947

.9

.4
5.8
6.6

.4
7.7
7.3

1949

1950

Line
I
1
2
3
4
5
6
8
9

10
11
12
13
14
15
16
17
18
19
20
21
22
23

Durable goods
Nondurable coods
Services

III

IV

I

II

III

IV

467.5

468.0

473.7

477.3

486.0

490.8

495.9

490.9

488.9

493.4

489.2

511.5

525.1

542.4

554.6

&07.3

307.6

307.2

309.3

312.5

313.1

316.1

316.5

320.5

320.0

323.1

328.3

334.3

348.9

340.8

29.9
155.8
121.6

30.3
156.3
121.0

32.7
154.1
120.4

32.7
154.0
122.6

124.2

32.7
55.6

33.5
154.1
125.5

33.5
156.4
126.2

33.0
157.2
126.3

36.3
157.5
126.8

37.5
156.3
126.1

38.3
158.4
126.3

39.6
160.1
128.6

40.0
161.7
132.6

49.9
164.4
134.5

44.2
161.0
135.6

-

Government purchases of goods and services.

III

IV

-

66.6

66.7

77.5

81.2

83.0

83.5

81.4

71.5

61.8

66.0

63.0

79.8

90.0

96.2

109.0

69.6
49.8
17.6
32.2
19.8
18.2
1.3
.3
.1
1.3
-1.2

67.6
48.8

77.1
51.6
17.4
34.2
25.5
23.8
1.4
.3
4.1
3.5

77.4
50.4
18.2
32.1
27.0
25.2
15
.3
5.6
4.2

76.6
50.4
18.8
31.6
26.2
24.3
1.6
.3
6.9
5.6

76.1
51.8
19.1
32.8
24.2
22.4
1.6
.3
5.3
4.3

71.8
49.3
18.6
30.7
22.5
20.7
1.5
.3
-.3
.0

.3
-7.7
-7.3

88.2
53.0
19.6
33.4
35.2
33.6
1.3
.4
8.0
6.1

86.9
53.3
20.3
33.0
33.5
31.9
1.3
.4
22.1
20.1

1.3

1.3

1.0

-.4

68.5
44.4
17.4
27.0
24.1
22.5
1.4
.3
-2.5
-1.8
-.7

75.4
44.8
17.9
26.9
30.5
28.8
1.4
.3
4.4
4.0

.6

68.9
46.8
18.2
28.5
22.2
20.4
1.4
.3
-7.1
-6.4
-.7

70.6
43.5
17.0
26.5
27.1
25 A
1.4

.3
-.9
1.9
-2.8

74.7
49.0
17.0
32.0
25.7
24.1
1.4
.3
2.7
3.8
-1.0

82.3
48.9

17.2
1.3

69.5
48.0
17.4
30.6
21.5
19.9
1.3
.3
-2.9
-.2
-2.7

.5

1.1

1.9

2.0

17.6

17.7

13.8

10.7

8.0

7.7

7.5

10.5

10.2

9.0

5.7

5.2

5.1

2.4

3.4

31.4
13.7

30.7
13.0

27.7
13.9

26.0
15.3

23.6
15.6

23.9
16.2

23.2
15.6

25.9
15.4

25.7
15.5

24.1
15.1

21.1
15.4

21.1
15.9

21.6
16.5

21.9
19.5

22.4
19.0

74.5

75.9

76.0

75.2

76.0

82.5

86.5

90.9

92.5

96.4

98.4

97.5

98.2

95.8

94.9

101.5

36.5
38.0

37.1
38.8

36.3
39.7

34.9
40.4

35.7
40.3

41.2
41.3

44.5
42.0

47.9
43.0

47.9
44.6

49.6
46.8

49.9
48.5

48.1
49.4

47.9
50.3

45.1
50.7

44.1
50.8

50.6
50.9

17.3

31.5
18.7

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF




II

30.8
13.6

Net exports of goods and services

CURRENT BUSINESS.

I

17.2

Fixed investment
Nonresidential
Structures.
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories . .
Nonfarm
Farm_.

Federal
State and local-.

II

69.7

Gross private domestic investment

Exports
Imports

I

29.4
153.0
120.3

- -

IV

302.7

Persona] consumotion expenditures

III

464.0

Gross national product

II

-.4

18.7

30.2
33.4
31.7
1.3
.4
7.7
6.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1958

720.4

679.5

1962

1961

1960

1959

736.8

1965

1964

1963

1966

1967

1968

1969

1970

1971

1973*

]L972

Line

1974*

799.1

755.3

830.7

574.4

925.9

981.0

1,007.7

1,051.8

1,078.8

1,075.3

1,107.5

1,171.1

1,233.4

1, 210.7

1

528.7

558.1

586.1

603.2

633.4

655.4

668.9

691.9

733.0

766.3

759.8

2

73.4
244.0
240.7

79.0
255.5
251.6

79.7
259.5
264.0

88.2
270.2
275.0

91.9
276.4
287.2

88.9
282.7
297.3

98.1
287.5
306.3

111.2
299.3
322.4

120.9
309.6
335.8

112.5
303.0
344.4

3
4
5

419.0

441.5

453.0

462.2

482.9

501.4

46.4
196.8
175.8

51.8
205.0
184.7

52.5
208.2
192.3

50.3
211.9
200.0

55.7
218.5
208.7

60.7
223.0
217.6

65.7
233.3
229.7

87.7

107.4

105.4

103.6

117.4

124.5

132.1

150.1

161.3

152.7

159.5

168.0

154.7

166.8

188.3

207.4

180.0

6

144.6
106.1
42.5
63.6
38.5
36.9
.9
.8
16.7
16.9
—.2

140.7
103.5
41.1
62.4
37.2
35.5
.9
.8
12.0
11.2
.8

150.8
108.0
42.0
66.1
42.8
41.1
.8
.9
8.7
8.5
# 2

157.5
114.3
44.0
70.3
43.2
41.5
.9
.9
10.6
10.3

150.4
110.0
42.8
67.2
40.4
38.9
.6
.9
4.3
3.9
.4

160.2
108.0
41.7
66.3
52.2
50.5
.7
1.0
6.6
5.2
1.5

178.8
116.8
42.5
74.3
62.0
60.3
.7
1.1
9.4
8.8
.6

191.4
131.3
45.3
85.9
60.1
58.4
.5
1.2
16.0
13.6
2.4

172.2
127.5
42.7
84.9
44.7
42.6
.8
1.3
7.7
8.5
-.8

7
8
9
10
11
12
13
14
15
16
17

89.6
58.9
26.4
32.5
30.6
29.2
.9
.5
-1.8
-2.9
1.0

101.0
62.9
26.8
36.1
38.1
36.5
1.0
.6
6.5
6.4
.0

101.0
66.0
28.8
37.2
35.0
33.7
.8
.5
4.4
4.0
.3

100.7
65.6
29.3
36.3
35.1
33.6
1.0
.5
2.9
2.4
.5

109.3
70.9
30.8
40.1
38.4
36.9
.9
.6
8.1
6.9
1.3

116.8
73.5
30.8
42.7
43.2
41.7
.9
.6
7.8
6.6
1.2

124.8
81.0
33.3
47.7
43.8
42 2
7.3
7.9
-.6

138.8
95.6
39.6
56.0
43.2
41.6
.8
.7
11.3
10.1
1.2

3.5

.9

5.5

6.7

5.8

7.3

10.9

8.2

4.3

3.5

-.4

-1.3

1.4

-.6

-3.3

7.2

16.6

18

30.7
27.2
169.3

31.5
30.6

35.8
30.3

37.0
30.3

39.6
33.9

4° 2
35.0

47.8
36.9

49.1
41.0

51.6
47.3

54.2
50.7

58.5
58.9

62.2
63.5

67.1
65.7

67.9
68.5

72.7
75.9

87.6
80.4

97.6
81.0

19
20

170.7

172.9

182.8

193.1

197.6

202.7

209.6

229.3

248.3

259.2

256.7

250.2

249.4

253.1

252.5

254.3

21

92.8
76.4

91.8
78.9

90.8
82.0

95.6
87.1

103.1
90.0

102.2
95.4

LOO. 6
L02.1

100.5
109.1

112.5
116.8

125.3
123.1

128.3
130.9

121.8
134.9

110.7
139.5

103.9
145.5

102.1
151.0

96.1
156.3

95.0'
159.3

22
23

II

IV

III

I

IV

III

II

I

III

II

.3

1954

1953

1952

1951
I

~!5

IV

I

1955

II

III

1956

IV

I

II

III

IV

I

II

Line

III

IV

562.4

573.2

584.7

585.7

591.3

592.1

598.3

612.5

622.2

626.2

622.4

616.4

608.1

605.6

614.4

626.1

641.1

650.8

660.3

667.0

664.1

667.5 667.9 675.7

1

346.5

338.5

341.4

342.8

343.5

349.5

351.0

359.6

363.7

365.3

364.4

363.5

364.4

367.1

372.7

379.5

386.2

393.2

397.4

403.6

404.1

404.8 406.0 410.2

2

45.2
164.7
136.6

38.9
162.7
137.0

37.9
166.0
137.5

37.8
167.7
137.4

38.4
166.5
138.6

39.3
170.3
139.9

36.8
172.8
141.4

41.4
174. 9
143.3

43.2
176.1
144.3

42.7
176.6
146.0

42.7
175.2
146.5

43.5
174.9
145.2

41.9
175.8
146.7

42.5
175.0
149.6

43.5
177.2
152.0

46.1
180.0
153.3

49.2
181.4
155.6

52.4
184.4
156.4

53.9
185.9
157.6

53.3
189.8
160.5

50.4
191.6
162.1

49.9 49.2 49.8
191.1 191.2 192.5
163.8 165.7 167.9

3
4
5

96.8

100.3

94.0

85.5

86.6

77.6

80.8

87.8

87.9

89.3

86.2

78.8

79.4

80.0

84.2

90.0

98.0

104.1

106.1

108.0

104.2

102.9 102.5 102.0

83.4
51.8
20.3
31.4
31.6
30.0
1 3

80.3
53.0
21.1
31.9
27.3
25.7
1 3

79.4
53.9
20.9
32.9
25.5
23.9
1 3

78.6
52.9
20.1
32.8
25.7
24.2
1 3

79.3
53.1
20.2
33.0
26.2
24.7
1 2

80.3
53.7
20.4
33.3
26.6
25.2
1.1

75.3
48.9
20.6
28.3
26.4
25.0
1.1

80.6
52.8
21.3
31.5
27.8
26.2
1.2

83.9
55.6
22.0
33.7
28.3
26.8
1.1

84.2
65. 8
22.4
33.4
28.4
26.9
1.2

84.4
57.0
oo 5
34.4
27.4
25.9
1.2

83.8
56.6
23.0
33.7
27. 2
26!?
1.2

82.8
55.3
23.4
31.9
27.5
26.1
1.1

84.1
54.8
23.6
31.2
29.3
27.9
1.1

87.0
55.9
23.6
32.3
31.1
29.7
1.1

88.5
55.5
23.6
31.9
33.0
31.6
1.0

92.1
56.6
24.4
32.2
35.5
34.2
.9

96.1
60.1
24.9
35.2
36.0
34.7
.9

98.3
63.1
25.7
37.4
35.2
33.9
.9

98.8
65.1
26.2
38.9
33.7
32.4
.9

96.6
64.2
27.2
37.0
32.5
31.1
1.0

.4

.4

.4

13.4
11.9
1 6

19.9
18.4
1 5

14.6
12.9
1 7

7.0
5.3
1 7

7.3
5.8
1 5

-2.7
-3.9
I.9

5.4
4.3
1.1

7.2
6.2
1.0

3.9
4.2
-.3

5.1
5.4
-.3

1.9
2.1
-.3

-5.0
-5.0
.1

-3.4
-3.8
.4

-4.1
-4.8
.8

—2.7
-3.8
1.0

1.5
-.1
1.6

5.9
5.2
.7

8.0
7.8

9.2
8.9

0

7.8
7.2
.6

2.0

2.1

1.5

2.1

2.3

2.8

4.3

4.8

5.9

5.9

3.7

4.8

4.4

3

3

3

3

3

3

3

.4

.4

4

.3

.3

.3

.3

.4

.4

.4

.3

.5

7.5
8.5
-1.0

97.4
65.2
28.2
36.9
32.3
30.8
1.0
.4

5.5
7.1
-1.6

97.6
66.0
28.6
37.4
31.6
30.2
1.0
.5

96.6
65.5
28.5
37.0
31.1
29.7
1.0
4

5.4
5.2
.2

15
16
17

6.8

9.3

9.6

8.7

5.9

3.1

5.0

6.8

7.7

23.4
19.4

27.1
17.8

27.6
18.0

27.9
19.1

25.0
19.0

23.3
20.1

23.7
21.7

23.5
21.4

24.0
22.5

24.3
22.2

23.7
21.3

23.2
20.4

25.9
21.6

25.4
20.5

26.6
20.7

27.7
21.8

26.9
23.2

28.5
23.6

28.6
24.2

30.0
25.1

31.9
25.1

33.2
25.5

115.1

25.5
18.7
127.7

140.0

147.7

152.4

159.1

163.4

163.1

168.6

170.1

169.7

171.8

161.4

154.3

152.6

150.7

151.0

149.7

151.9

150.9

150.8

64.6
50.5

76.3
51.3

88.4
51.6

96.1
51.6

100.4
52.0

106.2
52.9

111.5
52.0

110.0 113.5
53. C 55.1

115.9
54.2

114. 2
55.5

115.0
56.8

102.9
58.5

95.4
58.9

Q9 2

89.9
60.8

87.9
63.1

85.$
64.0

87.8
64.1

86.3
64.6

85.5
65.3




14

4.9
5.6
-.7

4.1

66!4

6

7
8
9
10
11
12
13

9.7

18

34.1
24.4
152.9 151.7 153.9

19
20

86.4
67.4

22
23

86.6
66.3

85.0
66.7

21

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 1.2.—Gross National Product in Constant Dollars: Annually, 1946-74,
[Billions of
1958

1957

1959

Line
III

I

II

676.7

663.4

668.2

684.4

702.1

710.7

726.3

718.6

726.2

416.9

411.9

415.7

421.8

426.5

435.1

440.8

444.4

445.6

46.1
193.4
172.4

45.6
194.9
175.2

46.2
198.3
177.4

47.8
200.6
178.1

50.6
203.2
181.3

52.5
204.6
183.7

53.3
205.5
185.6

50.8
206.8
188.0

81.1

88.4

98.3

103.3

114.6

102.3

109.6

87.2
58.5
26.5
31.9
28.7
27.4
.9
.4
-6.2
-7.1
.9

88.0
57.2
25.8
31.4
30.8
29.4
.9
.5
.3
-.7
1.0

93.0
58.9
25.9
32.9
34.1
32.6
.9
.6
5.3
4.3
1.0

60.4
25.7
34.7
37.9
36.3
.9
.6
5.0
5.0
.0

101.6
62.4
26.7
35.8
39.2
37.6
1.0
.6
13.0
12.9
.1

102.6
64.3
27.4
36.9
38.3
36.8
1.0
.5
-.4
-.3
-.1

101.4
64.5
27.4

IV

I

II

Gross national product

680.4

680.9

685.6

Personal consumption expenditures

412.6

413.2

416.1

51.0
193.1
168.5

49.8
193.9
169.6

49.0
196.7
170.3

49.0
195.7
172.2

98.7

98.2

100.1

91.9

83.2

96.2
65.9
28.2
37.7
30.4
28.9
1.0
.5
2.5
2.4
.1

95.3
65.7
28.2
37.5
29.6
28.2
1.0
.4
2.9
2.5
.4

96.4
67.1
28.1
38.9
29.3
27.9
1.0
.4
3.7
2.9
.8

94.9
65.4
28.0
37.4
29.5
28.1
.9
.4
-3.0
-4.3
1.3

90.0
61.2
27.5
33.7
28.7
27.5
.9
.3
-6.8
-7.9
1.1

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfann structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfann
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and services.

III

IV

II

III

IV

37.1

36.9
35.5
1.0
.5
8.2
8.1
.1

9.5

8.9

6.9

4.2

3.5

4.0

2.4

.5

-.3

1.6

1.6

35.8
26.3

34.6
25.7

32.8
25.9

30.3
26.2

30.8
27.3

31.0
27.0

30.9
28.5

30.0
29.5

30.5
30.8

33.0
31.4

32.3
30.7

159.0

159.9

160.6

161.1

164.2

168.0

170.2

174.9

171.8

171.3

170.3

169.3

90.0
69.0

Federal
State and local

10.1
36.2
26.1

90.3
69.6

89.9
70.6

88.8
72.2

90.2
74.0

92.6
75.3

93.3
76.9

95.4
79.5

92.9
78.9

92.4
78.9

91.2
79.1

90.7
78.6

1967

1968

Line
III

II

II

IV

III

IV

II

III

IV

Gross national product

969.6

976.3

985.4

994.4

1,001.3

1,013.6

1,021.5

1,031.4

1,049.4

1,061.8

1,064.7

Personal consumption expenditures

581.7

582.8

589.0

590.8

595.1

602.9

605.8

608.8

620.8

628.0

640.8

644.0

80.4
253.5
247.8

76.9
255.4
250.5

79.4
257.2
252.5

79.1
255.9
255.7

77.5
258.3
259.3

80.9
259.4
262.6

80.1
259.5
266.2

80.2
260.8
267.8

85.2
266.0
269.7

86.6
.268.4

90.5
273.2
277.1

90.7
273.2
280.1

161.0

164.0

160.1

160.2

150.9

147.1

153.3

159.4

155.1

159.9

162.6

147.5
104.7
42.8
62.0
42.7
40.8
1.1
.8
13.5
12.4
1.1

146.2
106.1
42.2
63.8
40.1
38.8
.6
.8
17.8
18.1
-.2

145.0
107.0
43.1
63.9
38.0
36.3
.9
.8
15.1
15.6
-.5

139.7
106.4
41.8
64.6
33.3
31.5
1.0
.7
20.5
21.5
-1.0

136.4
103.7
41.9
61.8
32.7
30.9
1.1
.7
14.6
14.4
.1

103.3
40.8
62.6
36.3
34.7
.8
.7
7.5
6.8
.7

141.1
102.8
41.1
61.7
38.4
36.8
.8
.8
12.2
11.2
1.0

145.5
104.1
40.5
63.6
41.4
39.5
1.0
.9
13.8
12.5
1.3

148.9
106.9
42.2
64.7
41.9
40.2

150.7
107.9
41.3
66.6
42.8
41.1
.8
.9
9.2
9.1
.1

155.0
111.3
42.7
68.6
43.6
41.9
.8
.9
7.6
7.4
.2

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment—
Residential
Nonfann structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfann
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and senr
ices.
Federal
State and local




-

6.3
5.8
.4

273.0
160.6
148.9
105.9
41.6
64.3
42.9
41.3
.7
.9
11.8
11.7
.1

6.1

5.0

2.9

3.3

4.1

4.0

4.1

2.0

-.4

.7

.2

51.3
45.2

51.0
46.0

51.8
48.9

52.4
49.1

53.9
49.8

53.6
49.6

54.4
50.3

55.1
53.1

56.2
56.6

58.4
57.8

61.1
60.9

58.3
60.3

220.7

224.4

233.4

238.6

244.3

247.3

250.4

251.3

255.8

260.2

260.9

260.0

106.5
114.2

108.8
115.7

116.5
116.9

118.4
120.3

122.6
121.7

124.8
122.5

127.3
123.1

126.3
125.0

127.4
128.4

129.8
130.4

129.5
131.4

126.6
133.5

-2.0

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1961

1960

1963

1962

1964

1965
Line

I

II

III

IV

I

II

III

I

IV

III

II

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

740.7

738.9

735.7

731.9

736.6

749.0

758.7

776.9

788.1

798.3

804.3

805.8

813.5

823.7

838.8

846.9

861.1

872.0

880.5

883.9

903.0

916.4 932.3 <»52.0

1

449.2

455.1

453.6

454.1

454.8

460.8

462.2

471.1

475.3

480.7

484.6

490.8

493.9

498.3

504.8

508.4

517.4

526.4

535.0

536.0

546.7

551.4 559.8 I >74.5

2

52.2
207.2
189.8

53.4
209.5
192.2

52.9
208.1
192.6

51.5
208.1
194.4

48.6
209.6
196.6

49.3
211.6
199.8

50.4
211.7
200.1

52.8
214.8
203.6

53.9
216.5
205.0

55.2
217.3
208.2

55.7
219.3
209.6

58.1
220.8
212.0

59.2
221.5
213.2

60.4
222.3
215.5

61.1
224.1
219.6

62.0
224.2
222.2

64.1
228.2
225.1

65.6
232.2
228.5

67.6
236.1
231.3

65.4
236.7
233.9

71.4
239.3
236.1

71.4 73.9 76.9
240.9 244.1 I>51.8
239.1 241.9 SM5.9

3
4
5

118.5

106.7

101.8

94.7

93.9

101.2

107.9

111.3

116.7

119.1

119.1

114.8

118.3

122.9

127.8

129.2

130.1

131.9

132.2

134.3

146.7

148.5 152.5 1 52.6

6

104.9
66.7
28.7
38.0
38.2
36.8
.9

101.8
67.0
28.3
38.7
34.8
33.6
.7

98.8
65.2
28.5
36.8
33.5
32.1
.9

98.6
65.2
29.7
35.5
33.4
32.1
.8

97.7
64.0
29.6
34.3
33.8
32.2
1.1

99.2
65.2
29.2
36.0
34.0
32.6
.8

101.3
65.6
29.3
36.3
35.7
34.4
.7

104.6
67.6
29.2
38.4
37.0
35.1
1.4

109.9
71.3
30.8
40.4
38.6
37.2
.8

111.1

110.1
71.3
31.1
40.2
38.8
37.3
.9

110.7
70.5
29.7
40.8
40.2
38.6
.9

118.5
74.6
31.1
43.4
43.9
42.6

122.0
76.4
31.4
45.0
45.6
44.0
1.0

124.0
77.6
31.6
46.0
46.4
44.6

4.7
3.4
1.3

126.4
84.5
34.7
49.8
41.9
40.4
.9
7
7.9
8.6
—.7

133.4
90.0
36.6
53.4
43.4
41.6
1.1

8.0
6.6
1.4

124.0
79.9
33.1
46.8
44.1
42.5
.9
.7
8.0
8.6
-.6

124.9
82.2
34.0
48.2
42.8
41.2
.9

9.2
8.0
1.2

116.0
72.7
31.1
41.6
43.3
41.6
1.0
.6
7.0
5.6
1.4

137.9 140.1 3 43.8
93.8 97.1 1 01.5
39.6 39.8 42.4
54.2 57.3 59.1
44.1 43.0 42.3
42.8 41.3 40.8
g
9
6
g
7
7
10.6 12.4
8.8
9.5 10.9
7.5
1 \
1 5
1 3

7
8
9
10
11
12
13
14
15
16
17

.5

.5

4.9 '
4.5
.3

3.0
2.5
.5

-3.9
-4.2
.3

-3.8
-4.1
.4

1.9
1.6
.3

6.6
6.1
.5

6.7
6.1
.6

106.1
69.0
29.6
39.4
37.1
35.7
.9
.5
10.6
9.6
1.0

3.8

4.6

5.9

7.7

8.5

6.2

6.0

6.2

5.0

6.8

6.2

5.2

5.4

7.5

7.0

9.1

11.9

10.3

10.8

10.5

7.2

9.2

8.7

7.6

18

34.6
30.8

35.6
31.0

36.3
30.3

36.7
29.0

37.5
29.0

35.5
29.3

37.2
31.2

38.0
31.9

37.9
32.9

40.4
33.7

40.3
34.1

39.9
34.7

39.5
34.1

4> 2
*
34*! 8

42.5
35.5

44.6
35.5

47.4
35.5

46.6
36.4

48.1
37.3

48.9
38.4

44.1
37.0

51.0
41.8

50.5
41.8

50.8
43.3

19
20

169.2

172.4

174.4

175.4

179.3

180.9

182.6

188.3

191.1

191.8

194.5

194.9

195.9

195.1

199.2

200.2

201.7

203.5

202.4

203.2

202.5

207.2 211.3 2 17.4

21

89.3
79.9

90.8
81.6

91.5
82.9

91.7
83.7

93.0
86.4

94.9
86.0

95.7
86.9

99.0
89.3

102.4
88.7

102.4
89.3

104.0
90.5

103.5
91.4

102.6
93.3

101.0
94.0

102.6
96.5

102.3
97.9

102.2
99.5

101.7
101.8

99.5
103.0

99.0
104.3

97.2
105.3

99.3
107.9

22
23

5

13.5
13.4
9

5

.5

.5

II

.5

III

IV

I

II

31.' 8
40.3
38.9
37.4
.9

.5

1970

1969
I

.5

79 9

.6

.6

.6

7.6
6.3
1.3

I

IV

II

.6

7.1
6.2
.9

6.1
6.5
—.4

1972

1971

III

.6

9.3
8.1
1.2

III

IV

I

II

7.3
8.1
—.8

13.4
12.6

1973*

III

IV

I

II

LOO. 6 1
04.8
L10.7 1 12.6

1974*

III

IV

I

II

III

IV

1,074.8 1,079.6 1,083.4 1,077.5 1,073.6 1,074.1 1,082.0 1,071.4 1,095.3 1,103.3 1,111.0 1,120.5 1,141.2 1,163.0 1,178.0 1,202.2 1,227.7 1,228.4 1,236. £ 1,240.3 1,228.7 1,217.2 1,210. 2 1,186.8

L
i
n
e
1

649.9

653.0

656.8

661.9

665.4

668.7

673.6

668.0

682.3

689.5

693.6

702.3

713.7

728.1

737.5

752.8

765.8

766.2

770.1

762.«

760.0

763.2

767. 2

748.9

2

92.2
275.1
282.6

92.0
275.8
285.2

91.6
276.8
288.4

91.7
277.9
292.3

89.7
280.3
295.4

90.7
281.2
296.7

90.7
283.5
299.3

84.5
285.8
297.7

93.6
286.0
302.7

96.5
287.5
305.5

98.7
287.4
307.5

103.7
289.0
309.6

106.4
291.1
316.3

109.2
298.5
320.4

111.8
301.4
324.2

117.6
306.4
328.8

124.0
310.6
331.2

122.7
308.2
335.3

121.2
311.4
337.«

115.7
308.3
338. S

114.7
304.5
340.8

115.5
303.8
343.9

116. ii
304. 7
345. 7

102.9
298.9
347.2

3
4
5

168.9

170.6

171.6

161.1

154.7

154.8

156.7

152.7

162.2

168.4

167.0

169.7

179.1

186.2

190.2

197.6

205.0

206.1

206. C

212.6

195.9

183.8

173.. I

166.9

6

159.1
113.9
43.4
70.5
45.2
43.2
1.1
.9
9.8
9.5
.3

158.4
113.7
43.6
70.2
44.7
43.1
.6
.9
12.2
11.9
.3

158.1
115.2
44.8
70.4
42.9
40.9
1.2
.9
13.4
13.1
.3

154.3
114.2
44.2
70.0
40.1
38.6
.6
.9
6.8
6.7

151.8
111.6
43.0
68.6
40.2
38.6
.7
.9
2.9
2.4
.5

150.0
111.7
43.2
68.5
38.3
37.0
.4
.9
4.8
4.3
.5

150.4
110.8
42.8
68.0
39.6
38.1
.5
.9
6.3
6.1
.2

149.5
106.0
42.3
63.8
43.4
41.7
.8
.9
3.3
2.9
.3

154.3 158.4
107.8 107.1
41.9
42.2
65.7 . 65.2
51.3
46.4
49.7
44.9
.6
.6
1.0
1.0
7.9
10.0
6.0
8.6
1.4
1.9

162.1
107.4
41.8
65.6
54.6
52.8
.8
1.0
5.0
3.5
1.5

166.0
109.6
41.0
68.7
56.4
54.6
.7
1.1
3.7
2.6
1.1

174.3
113.3
42.2
7l! 1
60.9
59.2
.7
1.0
4.8
4.0
.8

176.1

114.6
42.3
72.2
61.6
59.9
.6
1.1
10.1
9.3
.8

178.2
116.5
42.4
74.1
61.7
59.9
.7
1.1
12.1
11.6
.5

186.7
122.9
43.2
79.7
63.8
62.1
.6
1.2
10.8
10.4
.4

193.2
128.6
44.4
84.3
64.5
62.7
.6
1.2
11.9
10.1
1.8

192.5
130.2
44.7
85.6
62.3
60.7
.4
1.2
13.6
11.2
2.5

191.?
132.4
46.2
86.2
59.4
57. £
.1
1.:
14.:
11.2
2.1

188.2
133. S
46.2
87.7
54.3
52.4
.6
1.2
24.4
22. C
24

183.6
134.5
46.1
88.4
49.1
46.9
.9
1.3
12.4
11.7
6

177.0
129.9
43.5
86.3
47.1
45.0
.7
1.3
6.8
7.7
—8

169. () 159.3 7
125. () 120.8 8
40. (> 40.5 9
8 4 . 'I
80.3 10
44. I
38.5 11
42. ()
36.4 12
. 9 13
1.2 14
1.:I
7.6 15
4/I
9.0 16
5.(5
—1 1 —1 5 17
'

-1.7

-2.4

-.6

-.6

1.4

1.4

2.5

.3

1.6

-1.4

-.2

-2.4

-5.7

-4.4

-1.6

-1.4

2.1

5.6

8.S

12.1

18.7

15.3

15. L

17.4 18

54.6
56.2

64.6
67.1

65.2
65.8

64.4
65.1

67.2
65.8

67.7
66.3

67.4
64.9

66.1
65.8

67.5
65.9

69.1
70.5

70.6
70.8

64.4
66.8

70.7
76.4

69.7
74.1

77.0
78.4

84.5
82.3

86.7
81.1

88.4
79.1

90.7
78. €

98.1
79.5

99.5
84.2

)
96. <
)
81. <

95.7 19
78.3 20

257.6

258.4

255.7

255.1

252.2

249.2

249.2

250.3

249.2

246.8

250.5

251.0

254.1

253.2

73.3
74.9
252.0

253.2

254.7

250.5

251.1

253.5

254.0

255.0

254.' 1

253.6 21

123.9
133.7

123.4
135.0

120.6
135.1

119.4
135.7

115.2
136.9

111.3
137.9

108.5
140.8

108.0
142.4

105.7
143.5

102.0
144.8

104.7
145.8

103.2
147.7

104.9
149. 2

103.5
149.7

100.6
151.4

99.6
153.6

100.4
154.3

94.9
155.5

94.:
156. <

94. <
J
158. B

94.7
159.3

94.7
160.2

95.' '
159. ()

94.7 22
158.9 23




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

10

Table 1.3.—Gross National Product by Major Type of Product: Annually, 1946-74,
[Billions of
1946
Gross national product..

1947

1948

209.6

1949

1950

1951

1952

1953

1954

1955

1956

1957

259.1

258.0

286.2

330.2

347.2

366.1

366.3

399.3

420.7

442.8

Final sales
Change in business inventories..

203.2
6.4

233.2
-.5

254.4
4.7

261.1
-3.1

279.4
6.8

319.9
10.3

344.0
3.1

365.7
.4

367.8
-1.5

6.0

416.0
4.7

441.4
1.3

Goods.
Final sales
Change in business inventories-

125.3
118.9
6.4

139.8
140.3
-.5

154.4
149.7
4.7

147.7

150.8
-3.1

162.4
155.6
6.8

189.5
179.2
10.3

194.6
191.5
3.1

203.1
202.7
.4

196.1
197.6
-1.5

214.5
208.5
6.0

223.3
218.6
4.7

232.3
231.0
1.3

Durable goods
Final sales
Change in business inventories. _

37.2
31.8
5.3

45.8
44.1
1.7

47.6
46.9
.7

46.2
48.3
-2.1

58.8
54.7
4.1

69.5
62.5
6.9

68.7
67.6
1.1

72.4
71.5
.9

66.4
69.0
-2.5

81.3
78.2
3.0

85.1
82.3
2.8

88.5
87.3
1.3

Nondurable goods
Final sales
Change in business inventories..

88.1
87.1
1.1

94.0
96.2
-2.2

106.7
102.8
4.0

101.5
102.5
-1.0

103.6
100.9
2.7

120.0
116.7
3.4

125.9
123.9
2.0

130.8
131.2
-.5

129.6
128.7
1.0

133.2
130.3
2.9

138.1
136.3
1.9

143.7
143.7
.0

68.6
15.7

71.3
21.7

76.7
28.0

81.9
28.4

88.2
35.6

102.9
37.8

113.1
39.4

121.0
42.0

125.7
44.5

135.3
49.5

145.2
52.2

157.5
53.0

Services
Structures..

1947
III

II
Gross national product
Final sales
Change in business inventories

1948
IV

1949
III

II

IV

1950

II

III

IV

III

II

IV

224.9

___

229.1

233.3

243.6

249.6

257.1

264.0

265.5

260.1

256.6

258.6

256.5

267.4

276.9

2S4.5

305.9

224.5
.4

230.1
-1.0

236.0
-2.7

242.2
1.4

246.3
3.3

251.9
5.1

257.9
6.1

261.1
4.3

260.1
.0

262.0
-5.3

260.4
-1.7

261.8
-5.3

265.0
2.4

272.1
4.8

289.6
4.9

290.9
15.1

135.2

157.3

Goods..
Final sales
Change in business inventories..

137.8
138.8
-1.0

139.9

134.8
.4

142.6
-2.7

146.3
144.9
1.4

150.0
146.7
3.3

153.3
148.2
5.1

151.2
6.1

156.9
152.6
4.3

151.8
151.8
.0

147.4
152.7
-5.3

148.0
149.7
-1.7

143.7
149.0
-5.3

150.5
148.1
2.4

155.7
150.9
4.8

167.6
162.8
4.9

175.7
160.6
15.1

Durable goods
Final sales
Change in business inventories..

44.2
42.3
1.9

45.8
44.2
1.6

47.5
44.3
3.2

45.7
45.6
.1

47.1
46.7
.4

46.2
45.6
.5

48.5
47.5
1.0

48.8
47.7
1.1

48.1
47.6
.5

44.8
49.1
-4.3

48.5
48.5
-.1

43.5
48.1
-4.6

48.3
49.0
-.7

54.9
51.2
3.6

63.4
60.9
2.5

68.6
57.8
10.8

Nondurable goods
Final sales
Change in business inventories..

91.0
92.5
-1.4

92.0
94.6
-2.6

92.4
98.3
-6.0

100.6
99.3
1.3

102.9
100.0
2.9

107.2
102.6
4.6

108.8
103.7
5.1

108.1
104.9
3.2

103.7
104.2
-.5

102.6
103.6
-1.0

99.5
101.2
-1.7

100.2
100.9
-.7

102.2
99.1
3.1

100.8
99.7
1.2

104.3
101.9
2.4

107.1
102.9
4.3

70.4
19.3

71.6
19.7

71.3
22.2

71.9
25.4

73.5
26.0

75.5
28.2

77.7
29.0

80.2
28.3

80.8
27.5

81.7
27.5

82.2
28.4

82.7
30.1

84.8
32.1

86.3
34.8

89.3
37.6

92.4
37.8

Services....
Structures.

1957
I
Gross national product
Final sales
Change in business inventoriesGoods
Final sales
Change in business inventories..
Durable goods
:
Final sales
Change in business inventoriesNondurable goods
Final sales
Change in business inventories.
Services
Structures

II

1958
III

IV

I

II

1959
III

IV

I

II

III

IV

438.9

441.0

448.2

442.8

435.8

439.9

453.1

466.3

476.0

489.9

486.5

493.5

436.8
2.1

438.7
2.3

445.1
3.2

445.1
-2.2

441.2
-5.4

445.0
-5.1

453.1
.1

462.2
4.1

472.0
4.0

479.5
10.4

486.5
.0

486.9
6.5

232.7
230.6
2.1

231.9
229.6
2.3

236.2
233.0
3.2

228.3
230.6
-2.2

221.4
226.9
-5.4

222.2
227.3
-5.1

230.5
230.4
.1

238.3
234.2
4.1

241.7
237.7
4.0

251.7
241.4
10.4

245.5
245.4
.0

250.8
244.2
6.5

89.2
87.9
1.4

89.1
86.9
2.3

91.4
88.0
3.4

84.4
86.3
-1.9

75.0
81.0
-6.1

73.6
79.1
-5.5

78.5
79.6
-1.1

83.8
82.3
1.5

89.0
85.5
3.5

95.2
87.8
7.4

87.0
89.7
-2.7

89.1
86.5
2.6

143.5
142.8
.7

142.8
142.7
.0

144.8
145.0
-.2

143.9
144.3

146.5
145.9
.7

148.6
148.2
.4

152.0
150.8
1.2

154.5
151.8
2.6

152.7
152.2
.5

156.5
153.6
2.9

158.5
155.7
2.8

161.7
157.8
3.9

153.2
53.0

156.2
52.9

159.1
53.0

161.6
52.9

162.0
52.4

165.7
52.0

168.9
53.7

171.1
57.0

174.7
59.6

177.5
60.7

181.2
59.9

184.8
57.9

1966
I

II

1968

1967

III

IV

II

III

II

IV

III

IV

9 national product.

733.7

747.6

759.0

771.7

777.5

785.8

818.7

837.3

861.8

880.0

894.7

Final sales
Change in business inventories-

722.2
11.5

732.2
15.3

746.0
13.0

754.2
17.5

765.2
12.3

779.7
6.1

792.9
10.3

807.0
11.7

832.0
5.3

851.4
10.5

872.1
8.0

887.6
7.1

Goods.
Final sales
Change in business inventories.

363.7
352.2
11.5

371.4
356.1
15.3

376.5
363.5
13.0

384.1
366.6
17.5

382.2
369.9
12.3

382.8
376.7
6.1

389.9
379.6
10.3

394.2
382.5
11.7

402.1

396.8
5.3

416.7
406.2
10.5

426.2
418.2
8.0

430.7
423.6
7.1

Durable goods..
Final sales
Change in business inventories-

145.1
137.8
7.3

147.2
136.7
10.5

150.2
140.1
10.1

153.7
141.5
12.2

146.2
139.8
6.4

147.0
144.4
2.6

149.2
144.1
5.1

152.5
145.5
7.0

154.4
150.9
3.5

161.5
153.9
7.5

165.1
161.2
4.0

168.4
163.6
4.8

Nondurable goods
Final sales
Change in business inventories..

218.6
214.4
4.2

224.2
219.4
4.8

226.3
223.4
2.9

230.3
225.1
5.3

236.0
230.1
5.9

235.8
232.3
3.5

240.7
235.5
5.2

241.7
237.0
4.7

247.6
245.8
1.8

255.2
252.3
2.9

261.0
257.0
4.0

262.3
260.0
2.3

287.0
83.0

293.9
82.3

301.1
81.4

308.8
78.8

315.6
79.7

321.6
81.5

329.5
83.7

337.7

344.2
91.0

352.9
92.3

361.8
92.1

367.5
96.5

Services.—
Structures.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




NOTE.—"Final sales" is classified as durable or nondurable by type of product. Change
in business inventories" is classified as follows: For manufacturing, by the type of product
produced by the establishment holding the inventory; for trade, by the type of product sold
by the establishment holding the inventory; for construction, durable; and for other industries, nondurable.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

11

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
dollars]
1959

• 1958

1960

1962

1961

1964

1963

1965

1966

1967

1968

1970

1969

523.3

563.8

594.7

635.7

688.1

753.0

796.3

868 .5

521.1
2. 2

557.3
' 6.5

588.8
6.0

629.9
5.8

678. e
9.5

738.7
14.3

786.2
10.1

1971

1972

1973*

1974*

Line

J35.5
<
)26.2
9.4

982.4

1,063.4

1,171.1

1,306. 3

1 ,406.9

1

978.6
3.8

1,057.1
6.4

1 161.7
9.4

1,288.8
17.5

1 397.2

9.7

2
3

146.2
136.8
9.4

456.2
452.4
3.8

479.8
473.5
6.4

526.0
516.6
9.4

599.8
582.3
17.5

636.3
626.5
9.7

4
5
6

L75.3
L69.2
6.1x

170.8
170.7
.0

181.6
179.8
1.8

208.4
202.1
6.3

239.1
228.8
10.3

246.1
238.5
7.5

7
8
9

450.4
-1.5

481.2
5.2

506. ()
502.1>
3.SI

228.2
229. 7
-1.5

247.4
242.2
5.2

254.J
250. (i
3.SI

256.5
254.3
2.2

278.0
271.5
6.5

289.7
283.7
6.0

309.0
303.2
5.8

336.6
327.1
9.5

373.9
359.6
14.3

387.3
377.2
10.1

77.7
80.5
—2.8

90.1
87.4
2.7

91.1
89. L

<
30.0
30.2
-.1

102.0
98.4
3.6

108.0
105.4
2.7

118.9
115.0
3.9

133. e>
)
127. C

[

149.1
139.0
10.0

148.7
143.5
5.3

860.8
7.7
418 .9
411 2
7. 7
162 4
157 4
50

150.5
149.2
1.3

157.4
154.8
2.5

162.8
161.4
1.4

166.5.
164.1
2.3

176.1
173.2
2.9

" 181.6
178.3
3.3

190.1
188.2
1.9

203.1
200.1

224.9
220.6
4.3

238.5
233.7
4.8

256.5
253.8
2.8

270.9
267.6
3.3

285.4
281.7
3.7

298.3
293.7
4.6

317.7
314.5
3.2

360.7
353.5
7.2

390.2
388.0
2.2

10
11
12

166.9
53.8

179.5
59.5

193.2
58.<I

206.7
60.1

221.5
64.3

236 .2
68.9

254.4
72.4

272/ r
78.*\

297.7
81.4

326.1
82.9

356 .6
93 .0

588.7
100.7

424.6
101.6

465.5
118.1

510.8
134.3

559. 5
147. 0

624.1
146.6

13
14

448.9
"

486.5

1954

1953

1952

1951

6.e

<•

1955

1956

Line

I

II

III

IV

I

II

III

IV

I

II

Ill

IV

I

II

III

IV

I

II

319.9

327.7

334.4

338.5

341.1

341.3

347.0

359.2

365.4

368.8

367.8

362.6

362.0

361.8

366.2

375.0

387.5

395.4

404.0

410.2

411.9

417.4 422.4 430.9

1

367.1
-4.5

364.6
-2.5

364.5
-2.7

368.4
-2.2

373.8
1.3

382.9
4.6

389.3
6.1

397.9
6.0

403.1
7.1

405.9
6.0

413.1 418.3 426.6
4.3
4.1
4.3

2
3

198.5
203.0
-4.5

197.0
199.5
-2.5

193.3
196.0
-2.7

194.0
196.1
-2.2

200.0
198.7
1.3

205.7
201.1
4.6

212.6
206.5
6.1

217.9
211.9
6.0

221.7
214.6
7.1

220.1
214.1
6.1

221.8 223.7 227.5
217.5 219.6 223.2
4.1
4.3
4.3

4
5
6

III

IV

I

309.4
10.5

312.5
15.2

324.1
10.4

333.4
5.1

336.0
5.2

343.6
-2.3

342.7
4.3

353.8
5.4

363.0
2.4

365.6
3.2

184.4
173.9
10.5

188.6
173.4
15.2

191.5
181.2
10.4

193.5
188.4
5.1

192.7
187.5
5.2

189.7
192.1
-2.3

193.2
189.0
4.3

202.8
197.4
5.4

204.3
201.9
2.4

205.6
202.5
3.2

367.1
.7
204.0
203.3
.7

67.4
62.4
5.0

70.6
60.1
10.6

70.9
62.1
8.8

68.9
65.5
3.4

70.8
67.7
3.1

66.9
68.7
-1.8

63.9
63.4
.5

73.4
70.6
2.8

74.8
71.5
3.4

74.0
71.8
2.1

74.4
72.1
2.4

66.2
70.5
-4.3

65.9
69.5
-3.6

64.9
68.7
-3.9

65.1
67.6
-2.5

70.0
70.1
-.1

74.4
72.5
1.9

81.7
77.6
4.2

83.8
81.5
2.4

85.1
81.4
3.7

84.8
79.7
5.1

117.0
111.5
5.5

118.0
113.3
4.7

120.6
119.1
1.6

124.6
122.9
1.7

121.9
119.8
2.1

122.9
123.3
-.5

129.3
125.5
3.8

129.5
126.8
2.6

129.5
130.4
-.9

131.7
130.7
1.0

129.6
131.3
-1.7

132.3
132.5
-.3

131.1
130.1
1.0

128.5
127.3
1.2

128.9
128.5
.4

130.0
128.6
1.4

131.3
128.6
2.7

130.9
129.0
1.9

134.1
130.4
3.7

136.6
133.2
3.4

97.2
38.4

101.4
37.7

105.6
37.3

107.6
37.4

110.1
38.4

112.5
39.0

114.3
39.5

115.6
40.8

119.1
41.9

121.0
42.1

121.9
41.9

121.9
42.1

122.4
42.7

124.8
43.7

127.0
45.2

128.6
46.4

133.2
48.6

133.1
49.7

136.1
50.0

138.9
49.6

1960
I

II

1962

1961
III

I

IV

II

III

I

IV

II

1963
III

I

IV

II

II

84.3
81.9
2.4

IV

I

II

83.7
82.9
.8

IV

87.8
84.8
3.0

7
8
9

135.3
134.3
1.0

137.5 140.0 139.8
135.6 136.7 138.4
3.3
1.9
1.3

10
11
12

141.1
50.7

143.5 145.8 150.5
52.2 52.9 52.8

13
14

1964
III

III

1965
III

IV

I

II

III

Line
IV

506.6

506.5

506.2

504.6

507.1

518.2

527.2

540.7

553.0

562.1

567.8

572.3

580.2

587.9

600.5

610.4

622.4

632.4

642.1

646.0

665.4

678.7 695.1 713.3

1

495.5
11.3

502.2
4.3

503.9
2.4

507.5
-2.9

510.1
-3.0

516.6
1.6

522.0
5.1

535.7
5.0

544.7
8.3

555.0
7.1

561.4
6.4

568.2
4.1

574.3
5.8

582.7
5.3

593.3
7.2

604.8
5.6

617.8
4.7

626.0
6.4

636.1
6.0

639.9
6.1

654.3
11.1

669.7 684.7 705.6
9.0 10.4
7.6

2
3

258.6
247.3
11.3

256.8
252.4
4.3

254.1
251.7
2.3

247.9
250.8
-2.9

246.3
249.3
-3.0

254.4
252.8
1.6

259.5
254.3
5.1

265.8
260.8
5.0

274.9
266.5
8.3

277.4
270.2
7.1

279.8
273.3
6.4

280.1
276.0
4.1

284.4
278.6
5.8

285.7
280.4
5.3

292.4
285.2
7.2

296.2
290.6
5.6

302.5
297.8
4.7

308.3
301.9
6.4

312.7
306.7
6.0

312.5
306.4
6.1

325.6
314.5
11.1

330.9 340.2 349.9
321.9 329.8 342.2
9.0 10.4
7.6

4
5
6

97.9
88.4
9.5

92.5
90.6
2.0

90.2
89.5
.7

85.4
88.0
-2.7

80.9
86.0
-5.0

87.6
89.1
-1.5

93.6
90.8
2.9

98.0
94.8
3.2

101.8
96.4
5.4

101.6
98.3
3.3

103.0
98.7
4.3

101.5
100.1
1.5

104.2
101.6
2.6

107.5
104.3
3.2

109.1
106.2
2.9

111.3
109.4
1.9

115.9
112.6
3.4

118.7
114.5
4.3

120.8
116.9
3.9

120.2
116.0
4.2

130.9
122.5
8.3

131.8 135.8 135.8
124.6 128.4 132.5
7.2
7.4
3.3

7
8
9

160.6
158.8
1.7

164.2
161.9
2.4

163.8
162.2
1.6

162.5
162.8
-.3

165.4
163.3
2.0

166.8
163.7
3.1

165.8
163.5
2.3

167.8
166.0
1.8

173.1
170.1
3.0

175.8
172.0
3.8

176.8
174.7
2.1

178.6
175.9
2.7

180.2
177.0
3.2

178.2
176.1
2.0

183.3
179.0
4.3

184.9
181.2
3.7

186.5
185.3
1.3

189.5
187.4
2.2

191.9
189.7
2.2

192.3
190.4
1.9

194.7
192.0
2.7

199.1 204.4 214.1
197.3 201.4 209.7
3.0
4.3
1.7

10
11
12

188.1
60.0

192.1
57.7

194.5
57.7

198.3
58.4

201.2
59.6

205.3
58.5

207.7
60.0

212.7
62.2

215.8
62.3

220.3
64.5

222.8
65.2

227.1
65.1

230.0
65.7

233.5
68.8

237.9
70.2

243.2
71.0

248.1
71.9

251.8
72.3

256.7
72.7

260.8
72.7

264.7
75.1

269.4 275.1 281.8
78.4 79.8 81.7

13
14

1970

1969
I

II

III

IV

I

II

. 1971
III

IV

I

II

1972
III

IV

I

II

1974 *

1973
III

IV

I

II

[II

IV

I

II

III

IV

Line

913.0 929.0

946.9

953.3

964.2

976.5

992.6

996.3 1, 034.0 1,056.2 1,072.4 1, 091.2 1, 127.0 1, 156.7 1, 181.4 1, 219.4 1, 265.0 1,287.8

319.7 1, 352.7 1,370.9 1, 391.0 1, 424.4 L,441.3

1

904.3 918.3
8.7 10.7
438.2 444.5
429.5 433.9
8.7 10.7

935.0
11.9

947.1
6.2

961.7
2.5

972.3
4.2

986.8
5.8

993.7 1, 026.5 1,046.5 1,067.6 1, 087.7 1, 122.3 1, 146.6 1, 169.3 1, 208.6 1, 252.6 1,273.5 1, 304.1 1, 325. ( 1, 356.1 1, 381.7 1, 420.0 1,430.9
10.1
4.7
10.4
2.6
9.6
4.8
3.5
12.1
4.4
12.4
10.8
14.3
15.6
27.7
14.9
9.3
7.5

2
3

450.6
438.7
11.9

451.4
445.2
6.2

450.7
448.1
2.5

457.0
452.8
4.2

462.0
456.2
5.8

455.2
452.6
2.6

473.6
466.1
7.5

478.2
468.6
9.6

481.1
476.3
4.8

486.5
483.0
3.5

501.9
497.1
4.7

521.2
511.1
10.1

531.6
519.5
12.1

549.4
538.6
10.8

578.0
565.6
12.4

588.2
573.9
14.3

605.3
589.7
15.6

627.fi
600.1
27.7

622.8
607.9
14.9

629.9
620.6
9.3

644.6
640.2
4.4

647.7
637.3
10.4

4

172.6 174.1
168.0 167.0
4.6
7.1

177.7
169.9
7.8

176.7
172.0
4.7

171.0
170.8
.2

173.6
173.5
.1

177.5
173.9
3.5

161.1
164.8
-3.7

178.9
176.7
2.2

182.2
177.0
5.2

181.1
180.3
.8

184.0
185.0
-1.0

194.7
193.1
1.6

204.0
198.4
5.5

210.1
203.9
6.2

224.8
213.0
11.8

233.3
226.5
6.8

237.7
228.2
9.5

241.6
230.2
11.4

243.7
230.2
13.1

238.0
231.4
6.7

240.4
237.7
2.7

251.7
245.8
5.9

254.1
239.3
14.9

7
8
9

265.7 270.5
261.5 266.9
4.1
3.5

272.8
268.8
4.1

274.7
273.2
1.5

279.7
277.4
2.3

283.4
279.3
4.1

284.5
282.3
2.3

294.1
287.8
6.3

294.6
289.3
5.3

296.0
291.6
4.5

300.0
296.0
4.0

302.5
298.0
4.5

307.2
304.0
3.2

317.2
312.7
4.5

321.5
315.6
6.0

324.7
325.6
-1.0

344.7
339.0
5.6

350.5
345.6
4.9

363.7
359.5
4.2

384.1 384.7
369. S 376.6
8.2
14.2

389.5
383.0
6.5

393.0
394.4
-1.4

393.6
398.0
-4.4

10
11
12

375.1 382.6
99.6 101.8

394.2
102.1

402.8
99.2

414.7
98.9

420.4
99.1

428.6
102.0

434.8
106.4

450.1
110.4

461.2
116.9

470.2
121.1

480.6
124.1

494.3
130.8

503.8
131.6

515.7
134.1

529.3
140.7

540.8
146.3

552.7
147.0

565.8
148.6

578.8
146.1

602.1
146.1

612.0
149.1

632.5
147.2

649.7
143.9

13
14




t

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

12

Table 1*4.—Gross National Product by Major Type
[Billions of
1947

Line
Gross national product.
Durable goods
Personal consumption expenditures..
Producers' durable equipment
Government purchases
Net exports
Change in business inventories
Nondurable goods
Personal consumption expenditures..
Government purchases
Net exports
Change in business inventories
Services
Personal consumption expendituresGovernment purchases
Net exports
Structures.
Private
Government .

1948

1949




1952

1953

1954

1955

1956

1957

232.8

259.1

258.0

286.2

330.2

347.2

366.1

366.3

399.3

420.7

442.8

45.8

47.6

46.2

58.8

69.5

68.7

72.4

66.4

81.3

85.1

88.5

20.4
15.6
1.4
6.6
1.7

22.9
17.6
2.2
4.2
.7

25.0
16.0
3.3
4.0
-2.1

30.8
18.2
3.7
2.1
4.1

29.8
20.2
9.7
2.8
6.9

29.1
20.1
15.6
2.8
1.1

32.5
21.9
14.3
2.8
.9

31.8
21.2
12.4
3.5
-2.5

38.6
24.3
11.5
3.7
3.0

37.9
26.8
13.0
4.6
2.8

39.3
29.0
13.3
5.6
1.3

94.0

106.7

101.5

103.6

120.0

125.9

130.8

129.6

133.2

138.1

143.7

90.9
1.8
3.5
-2.2

96.6
4.7
1.5
4.0

94.9
6.3
1.4
-1.0

98.2
3.6
-1.0
2.7

108.8
7.7
.3
3.4

113.9
10.2
-.2
2.0

116.5
16.1
-1.3
-.5

118.0
11.6
-.9
1.0

122.9
8.2

128.9
7.2
.1
1.9

135.2
7.9
.6
.0

71.3

76.7

81.9

88.2

102.9

113.1

121.0

125.7

135.3

145.2

157.5

50.4
19.4
1.5

55.3
20.6
.8

58.2
22.8
.9

63.0
24.4
.8

68.5
33.7
.8

74 0
39.3
-.2

80.6
41.2
-.8

86.1
40.2
-.6

92.1
43.9
-.7

99.2
46.5
-.5

105.9
51.8
-.2

"2 9

21.7

28.0

28.4

35.6

37.8

39.4

42.0

44.5

49.5

52.2

53.0

18.8
2.9

23.5
4.4

22.3
6.1

28.9
6.8

28.6
9.1

28.9
10.5

31.0
11.0

33.1
11.5

38.1
11.4

39.5
12.7

38.8
14.1

*Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.

1951

1950

NOTE.—-"Change in business inventories" is classified as follows: For manufacturing, by
the type of product produced by the establishment holding the inventory; for trade, by
the type of product sold by the establishment holding the inventory; for construction,
durable; and for other industries, nondurable. The components of GNP other than change
in business inventories are classified as durable or nondurable by type of product.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

13

of Product and Purchaser: Annually, 1947-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

448.9

486.5

506.0

523.3

563.8

594.7

635.7

688.1

753.0

796.3

868.5

935.5

982.4

1,063.4

1,171.1

1,306.3

1,406.9

1

77.7

90.1

91.5

90.0

102.0

108.0

118.9

133.6

149.1

148.7

162.4

175.3

170.8

181.6

208.4

239.1

246.1

2

36.8
25.4
14.3
4.0
-2.8

42.4
28.8
13.8
2.3
2.7

43.1
30.1
11.2
4.7
2.4

41.6
29.3
14.0
5.3
-.1

46.7
32.4
14.4
4.9
3.6

51.4
34.6
14.2
5.1
2.7

56.3
38.8
13.8
6.0
3.9

62.8
45.8
13.3
5.0
6.6

67.7
52.9
14.5
3.9
10.0

69.6
53.3
16.3
4.2
5.3

80.0
58.5
16.6
2.3
5.0

85.5
64.1
16.6
3.0
6.1

84.9
63.7
18.0
4.1

97.1
65.7
16.4
.6
1.8

111.2
75.3
17.9
-2.4
6.3

122.9
88.7
16.4
.7
10.3

121.9
94.9
15.8
5.9
7.5

3
4
5
6
7

150.5

157.4

162.8

166.5

176.1

181.6

190.1

203.1

224.9

238.5

256.5

270.9

285.4

298.3

317.7

360.7

390.2

8

139.8
10.0
-.6
1.3

146.4
9.6
-1.2
2.5

151.1
10.2
.2
1.4

155.3
8.6
.2
2.3

161.6
12.0
—.3
2.9

167.1
11.1
.2
3.3

176.9
10.5
.8
1.9

188.6
11.6
.0
2.9

204.7
16.0
-.1
4.3

212.6
21.5
-.4
4.8

230.4
25.1
-1.7
2.8

247.0
23.0
-2.4
3.3

264.7
18.4
-1.5
3.7

277.7
18.9
-2.8
4.6

299.3
19.1
-4.0
3.2

334.4
18.9
.2
7.2

375.7
23.5
-11.2
2.2

9
10
11
12

166.9

179.5

193.2

206.7

221.5

236.2

254.4

272.7

297.7

326.1

356.6

388.7

424.6

465.5

510.8

559.5

624.1

13

112.8
55.1
-1.0

121.9
58.2
-.6

130.7
63.1
-.5

138.1
68.3
.2

147.0
73.7
.9

156.1
79.0
1.1

167.1
85.1
2.1

178.7
91.3
2.6

192.4
104.0
1.2

208.1
116.9
1.1

225.6
129.4
1.6

247.2
140.3
1.1

269.1
154.2
1.3

293.4
168.3
3.8

322.4
185.2
3.1

351.3
201.8
6.4

388.3
222.8
13.0

14
15
16

53.8

59.5

58.4

60.1

64.3

68.9

72.4

78.8

81.4

82.9

93.0

100.7

101.6

118.1

134.3

147.0

146.6

17

38.1
15.7

43.5
16.0

42.6
15.8

42.9
17.2

46.3
18.0

49.6
19.3

52.0
20.4

56.7
22.1

57.3
24.1

57.4
25.5

65.3
27.7

72.7
28.0

73.4
28.2

87.9
30.2

103.5
30.8

114.2
32.8

107.6
39.0

18
19




.0

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

14

Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars: Annually,
[Billions of
1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

477.0

468.3

487.7

490.7

533.5

576.5

598.5

621.8

613.7

654.8

668.8

680.9

Final sales
Change in business inventories

464.9
12.2

468.5
-.2

482.2
5.5

495.1
-4.4

522.9
10.6

562.8
13.7

594.2
4.3

620.3
1.5

615.8
-2.2

647.1
7.7

663.0
5.8

679.4
1.5

Goods
Final sales
Change in business inventories

238.0
225.8
12.2

236.8
237.0
-.2

244.2
238.7
5.5

239.9
244.3
-4.4

261.5
250.9
10.6

283.1
269.4
13.7

292.3
288.0
4.3

306.9
305.4
1.5

292.2
294.4
-2.2

316.3
308.6
7.7

320.9
315.1
5.8

321.8
320.3
1.5

Durable goods
Final sales
Change in business inventories.

71.3
60.5
10.8

76.7
74.9

77.1
75.6
1.5

72.4
76.1
-3.7

90.7
84.4
6.3

102.4
92.6

1.8

102.3
100.6
1.8

107.3
105.9
1.4

98.1
101.7
-3.6

117.1
112.9
4.2

117.2
113.5
3.7

116.1
114.6
1.5

Nondurable goods
Final sales
•
Change in business inventories.

166.7
165.3
1.3

160.1
162.1
-2.0

167.1
163.1
4.0

167.5
168.2
-.8

170.7
166.5
4.2

180.7
176.8
3.9

187.4
2.5

199.6
199.5
.1

194.1
192.7
1.4

199.2
195.7
3.5

203.7
201.6
2.1

205.7
205.6
.0

199.7
39.4

186.9
44.7

190.9
52.5

197.0
53.7

206.0
66.0

229.0
64.4

240.6
65.6

245.5
69.4

247.0
74.5

257.6
80.9

267.2
80.7

279.3
79.9

Gross national product

Services
Structures

1947

1948

II

III

IV

II

1949
III

IV

1950

II

III

IV

II

III

IV

467.5

468.0

473.7

477.3

486.0

490.8

495.9

490.9

488.9

493.4

489.2

511.5

525.1

542.4

554.6

468.4

470.8
-2.9

471.0
2.7

473.2
4.1

480.4
5.6

483.9
6.9

490.6
5.3

491.3
-.3

496.1
-7.1

495.9
-2.5

496.9
-7.7

507.0
4.4

517.4
7.7

534.4
8.0

532.5
22.1

233.9
233.8
.1

237.0
238.0

236.3
239.1
-2.9

239.9
237.2
2.7

240.6
236.5
4.1

242.7
237.1
5.6

245.0
238.1
6.9

248.2
242.9
5.3

243.1
243.4
-.3

239.3
246.4
-7.1

241.2
243.8
-2.5

236.1
243.7
-7.7

250.0
245.5
4.4

255.6
247.9
7.7

266.8
258.8
8.0

273.4
251.3
22.1

Durable goods
Final sales
Change in business inventories.

75.3
74.2
1.1

77.4
75.5
2.0

78.4
74.3
4.1

75.5
75.6
-.1

78.7
77.6
1.0

75.6
74.3
1.2

76.5
74.8
1.8

77.6
75.7
2.0

75.6
75.5
.1

70.6
77.2
-6.6

75.4
76.4
-1.1

68.1
75.2
-7.1

76.5
76.6
-.1

85.8
80.1
5.6

96.9
93.1
3.7

104.2
87.7
16.4

Nondurable goods
Final sales
Change in business inventories

158.6
159.6
-1.0

159.6
162.5
-2.9

157.9
164.9
-7.0

164.4
161.6
2.8

162.0
158.9
3.1

167.1
162.8
4.3

168.5
163.3
5.2

170.5
167.2
3.3

167.5
167.9
-.4

168.6
169.2
-.5

165.8
167.3
-1.5

168.0
168.5

173.4
168.9
4.5

167.7
2.1

165.7
4.2

169.2
163.6
5.6

188.2
41.9

189.0
41.4

186.5
45.2

183.9
49.8

186.5
50.2

189.9
53.4

192.0
53.8

195.3
52.4

196.7
51.2

197.9
51.7

197.6
54.5

195.8
57.3

199.9
61.6

203.8
65.8

207.0
68.6

213.1
68.1

Gross national product
Final sales
Change in business inventories.
ds
Final safes
Change in business inventories.

Services
Structures

464.0

1957
II

1959

1958
III

II

IV

III

680.4

680.9

685.6

676.7

663.4

668.2

684.4

Final sales
Change in business inventories-

677.9
2.5

678.0
2.9

682.0
3.7

679.7
-3.0

670.2
-6.8

674.4
-6.2

324.6
322.1
2.5

322.8
319.9
2.9

325.2
321.5
3.7

314.7
317.6
-3.0

303.1

309.9
-6.8

304.1
310.2
-6.2

117.9
116.2
1.6

117.2
114.3
2.9

119.4
115.4
4.0

110-0
112.6
-2.5

98.1
105.8
-7.6

Nondurable goods
Final sales
Change in business inventories..

206.7
205.9
.9

205.6
205.6
.0

205.8
206.2
-.3

204.6
205.1
-.4

275.3
80.5

278.6
79.6

281.1
79.4

282.1
80.0

Gross national product.

Services...
Structures

710.7

726.3

718.6

726.2

5.3

705.7
5.0

713.3
13.0

718.9
-.4

315.2
314.8
.3

325.5
320.3
5.3

326.9
321.9
5.0

338.7
325.7
13.0

328.8
329.1
-.4

718.0
8.2
335.7
327.5
8.2

96.7
103.4
-6.7

102.2
103.4
-1.2

108.6
106.6
1.9

113.2
108.9
4.3

120.4

111.2
9.2

109.3
113.0
-3.7

112.5
109.3
3.2

205.0
204.2
.8

207.4
206.8

212.9
211.4
1.5

217.0
213.6
3.4

213.7
213.1

218.3
214.5
3.8

219.4
216.1
3.3

223.3
218.3
5.0

279.9
80.4

284.8
79.4

287.6
81.6

290.4
86.2

294.0
89.8

296.1
91.6

299.2
90.6

302.8
87.7

Gross national product

IV

II

IV

III

IV

1,013.6

1,021.5

1,031.4

1,049.4

1,061.8

1,064.7

979.9
14.6

993.9
7.5

1,007.7
13.8

1,025.2
6.3

1,037.6
11.8

1,052.6

1,057.0
7.6

462.9
442.4
20.5

458.6
444.1
14.6

460.1
452.6
7.5

464.2
452.0
12.2

464.7
450.9
13.8

468.9
462.6
6.3

480.1
468.3
11.8

488.7
479.5
9.2

486.7
479.0
7.6

178.0
166.0
12.1

180.6
166.2
14.5

171.8
164.3
7.5

172.3
168.7
3.6

173.0
166.9
6.1

175.0
166.7
8.3

175.1
171.1
4.0

180.8
172.4
8.4

183.7
179.0
4.6

185.4
180.2
5.2

277.2
271.9
5.4

280.2
277.1
3.1

282.3
276.3
6.0

286.9
279.8
7.1

287.8
284.0
3.9

291.2
285.1
6.1

289.8
284.2
5.5

293.8
291.5
2.3

299.3
295.9
3.4

305.0
300.5
4.5

301.2
298.8
2.4

407.1
116.2

412.4
114.8

420.0
109.9

425.6
110.1

429.3
111.9

435.8
113.7

440.0
116.8

441.9
120.6

448.7
120.6

453.5
119.6

455.4
122.6

956.0
13.5

970.3
15.1

972.3
20.5

Goods
Final sales
Change in business inventories

448.5
434.9
13.5

452.9
435.1
17.8

458.2
443.1
15.1

Durable goods
Final sales
Change in business inventories

174.1
165.3
8.8

175.7
163.2
12.5

Nondurable goods
Final sales
Change in business inventories

274.3
269.6
4.7
401.2
119.9

985.4

992.8

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF




III

1,001.4
12.2

976.3
958.4
17.8

CURRENT BUSINESS.

II
1,001.3

969.6

Final sales
Change in business inventories

Services
Structures

1968

1967
III

IV

702.1

1966
II

III

II

684.0

Goods...
Final sales
Change in business inventories..
Durable goods
Final sales
Change in business inventories..

IV

994.4

NOTE.—"Final sales" is classified as durable or nondurable by type of product. "Change
in business inventories" is classified as follows: For manufacturing, by the type of product
produced by the establishment holding the inventory; for trade, by the type of product sold
by the establishment holding the inventory;forconstruction, durable; and for other industries,
nondurable.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

15

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1959

195*

1961

1960

1962

1965

1964

1961\

1967

1966

1968

1970

1969

1971

L972

1973*

1974*

Line

679.5

720.4

736.8

755.3

799.1

830.7

874.4

925.9

981.0

1,007.7

1,051. 8

1,078.8

1,075.3

1,107.5

1, 171.1

1,233.4

1,210.7

1

681.3
-1.8

714.0

752.4
2.9

791.0
8.1

823.0
7.8

867.1

914.6
11.3

964.3
16.7

995.7
12.0

1,043.1
8.7

1,068.2
10.6

1,071.0
4.3

1,100.9
6.6

1 161.7

6.5

732.4
4.4

9.4

1,217.3\
16. C
>

1,203.0
7.7

2
3

312.0
313.8
-1.8

332.5
326.1
6.5

337.1
332.8
4.4

338.1
335.2
2.9

362.0
353.8
8.1

373.0
365.2
7.8

394.0
386.7

7.3

421.5
410.2
11.3

455.6
438.9
16.7

461.9
449.9
12.0

481.1
472.4
8.7

492.3
481.7
10.6

483.4
479.1
4.3

491.6
484.9
6.6

526.0
516.6
9.4

568.6
552. t>
16. C

549.9
542.2
7.7

4
5
6

101.4
104.8
-3.4

113.8
110.6
3.3

114.4
111.6
2.9

112.5
112.6
-.1

125.5
121.1
4.4

131.8
128.4
3.4

144.2
139.2
5.0

160.6
152.6
8.0

177.1
165.2
11.9

173.0
166.6
6.4

181.3
175.7
5.6

] 83.3

1
L90.1
6.8

179.2
179.1
.1

183.4
181.5
1.8

208.4
202.1
6.2

234.5
224.1 •
10. ()

223.5
217.7
5.8

7
8
9

210.6
209.0
1.6

218.7
215.5
3.2

222.7
221.2
1.5

225.6
222.7
3.0

236.5
232.7

241.1
236.8
4.3

249.9
247.5
2.3

261.0
257.7
3.3

278.5
273.7
4.8

288.9
283.3
5.6

299.8
296.7
3.2

302.2
298.4
3.7

304.2
300.0
4.2

308.2
303.4
4.8

317.7
314.5
3.2

334.1
328. C
>
6.1

326.5

3.7

324.5
1.9

10
11
12

285.6
81.9

298.0
89.9

310.7
89.0

325.5
91.7

339.9
97.2

354.0
103.8

372.2
108.1

389.1
115.3

410.2
115.2

432.7
113.1

449.9
120.9

465.4
121.1

477.2
114.6

491.1
124.9

510.8
134.3

530.1
134.7

544.7
116.1

13
14

7.3

1954

1953

1952

1951

1956

1955

Line

I

II

III

IV

I

III

II

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

562.4

573.2

584.7

585.7

591.3

592.1

598.3

612.5

622.2

626.2

622.4

616.4

608.1

605.6

614.4

626.1

641.1

650.8

660.3

667.0

664.1

667.5 667.9 6 75.7

1

549.0
13.4

553.3
19.9

570.1
14.6

578.7
7.0

584.0
7.3

592.9
5.4

605.3
7.2

618.2

3.9

621.1
5.1

620.6
1.9

621.4
-5.0

611.5
-3.4

609.7
-4.1

617.1
-2.7

624.6
1.5

635.2
5.9

642.7
8.0

656.5
7.5

662.0 663.0 6 70.3
5.5
4.9
5.4

2
3

280.9
261.0
19.9

288.0
273.4
14.6

288.3

281.3
7.0

289.2
281.9
7.3

291.1
285.6
5.4

302.2
295.0
7.2

306.4
302.5
3.9

310.3
305.2
5.1

307.6
305.8
1.9

303.1
308.1
-5.0

293.6
297.0
-3.4

286.5
290.6
-4.1

290.0
292.7
-2.7

298.7
297.2
1.5

303.7
297.8
5.9

314.9
306.9
8.0

652.5
7.8
321.0
313.2
7.8

657.8
9.2

275.3
261.9
13.4

594.8
-2.7
286.7
289.4
-2.7

325.9
316.7
9.2

321.7
314.2
7.5

321.0 3 19.3 a 21.6
315.5 3 14.4 3 16.2
5.4
5.5
4.9

4
5
6

98.4
91.3
7.1

104.0
89.2
14.8

105.2
92.6
12.7

102.0
97.3
4.7

105.7
100.9
4.8

100.5
102.8
-2.3

95.5
94.7
.7

107.8
103.9
3.8

110.1
105.5
4.6

108.8
105.9
2.9

109.6
106.5
3.1

100.9
105.9
-5.0

97.9
102.7
-4.8

94.5
100.3
-5.7

96.9
100.3
-3.5

103.1
103.6
-.5

108.7
105.9
2.8

118.8
113.0
5.8

119.7
116.5
3.2

121.5
116.4
5.1

119.2
112.6
6.5

117.5 1 15.0 1 17.1
113.9 1 13.9 1 13.4
3.6
1.0
3.8

7
8
9

176.9
170.5
6.4

176.9
171.8
5.2

182.7
180.8
1.9

186.2
184.0
2.2

183.5
181.0
2.5

186.2
186.6
-.4

195.6
190.9
4.7

194.5
191.1
3.4

196.4
197.0
-.6

201.5
199.4
2.2

198.0
199.3
-1.3

202.2
202.2
.0

195.8
194.4
1.4

191.9
190.3
1.6

193.1
192.4
.7

195.6
193.6
1.9

195.0
191.9
3.1

196.1
193.8
2.2

201.3
196.7
4.6

204.4
200.3
4.1

202.5
201.5
1.0

203.5 204.3 5504.4
201.6 2 00.5 5502.8
1.9
1.6
3.8

10
11
12

220.4
66.7

227.6
64.7

233.4
63.3

234.4
62.9

237.7
64.4

240.4
65.1

242.0
65.2

242.4
67.8

246.3
69.5

246.3
69.6

246.0
68.8

243.5
69.9

242.5
71.9

245.9
73.2

249.1
75.4

250.4
77.0

256.7
80.8

254.0
81.9

258.2
81.1

261.3
79.8

262.6
79.8

265.3 2 67.4 :573.5
81.2 81.1 80.6

13
14

1962

1961

1960

1963

1964

1965
Line

I

II

III

IV

I

805.8

813.5

823.7

838.8

846.9

801.0
4.7

805.9
7.6

816.8
7.0

829.5
9.3

839.8
7.1

364.2
356.2
8.0

362.8
358.0
4.7

367.2
359.5

7.6

369.0
362.0
7.0

375.9
366.6
9.3

125.5
121.3
4.2

126.5
121.2

123.8
122.4
1.4

127.4
124.0
3.4

131.3
127.0
4.2

233.2
229.4
3.8

236.1
231.0
5.1

237.7

235.0
2.7

239.0
235.6
3.4

239.8
235.5
4.2

334.1
94.6

339.2
97.5

341.5
98.6

344.8
98.2

347.3
99.0

I

II

III

IV

I

II

III

IV

731.9

736.6

749.0

758.7

776.9

788.1

798.3

804.3

735.8
-3.9

740.3
-3.8

747.1
1.9

752.1
6.6

770.2
6.7

777.5
10.6

789.1
9.2

796.3
8.0

336.4
333.4
3.0

327.2
331.1
-3.9

325.8
329.6
-3.8

335.6
333.7
1.9

341.3
334.7

6.6

349.6
342.9
6.7

359.4
348.7
10.6

361.6
352.4
9.2

115.7
113.4
2.3

112.7
111.8
1.0

106.7
110.3
-3.6

102.0
108.2
-6.2

109.3
111.3
-2.0

116.6
113.0
3.7

122.0
117.8
4.2

126.2
119.3
6.9

221.7
219.9
1.8

224.8
222.2
2.6

223.7
221.6
2.1

220.5
220.8
-.4

223.8
221.4
2.5

226.3
222.4
3.9

224.7
221.7
3.0

227.7
225.2
2.5

305.6
90.7

310.6
87.8

311.3
88.0

315.2
89.5

319.4
91.3

324.0
89.4

326.2
91.2

332.5
94.8

I

II

III

IV

740.7

738.9

735.7

727.1
13.5

734.0
4.9

732.7
3.0

344.4
330.9
13.5

340.5
335.6
4.9

122.7
110.9
11.7

I

II

III

IV

I

II

III

IV

861.1

872.0

880.5

883.9

855.0
6.1

864.0
8.0

873.2
7.3

876.1
7.9

379.8
372.7
7.1

386.8
380.7
6.1

393.7
385.7

8.0

397.9
390.6
7.3

397.8
389.9
7.9

133.3
129.5
3.7

135.5
133.1
2.3

140.9
136.6
4.3

144.1
138.7
5.4

145.9
141.2
4.7

237.7
234.9
2.8

242.6
237.1
5.5

244.4
239.5
4.8

245.9

244.1
1.8

249.6
247.0
2.6

351.4
103.4

356.8
106.1

360.6
106.5

366.0
108.3

369.9
108.4

1972

1971

1970

1969

5.3

II

III

IV

I

II

III

IV

I

II

II

III

IV

903.0

916.4

m.3

952.0

1

889.7
13.4

905.8
10.6

J19.9 943.2
12.4
8.8

2
3

410.7
397.3
13.4

414.2 124.8 436.4
403.6 412.4 427.6
10.6 12.4
8.8

4
5
6

145.9
140.4
5.5

157.1
146.9
10.2

158.1 163.4 163.6
149.3 154.3 159.7
3.9
8.8
9.1

7
8
9

252.0
249.4
2.6

251.9
249.5
2.4

253.6
250.4
3.2

256.1 261.4 272.7
254.3 258.1 267.8
3.3
4.9
1.8

10
11
12

374.5
108.1

378.4
107.8

381.5
110.9

386.3 391.4 397.0
115.8 116.1 118.7

13
14

I

1974*

1973*
III

IV

I

II

III

IV

I

II

III

IV

L
i
n
e

7
1,074.8 1,079.6 1,083.4 1,077.5 1,073.6 1,074.1 1,082.0 1,071.4 1,095.3 1,103.3 1,111.0 1,120.5 1,141.2 1,163.0 1,178.0 1,202.2 1,227. 7 1,228.4 1,236.5 l,240.J > 1,228.' 1,217.2 1,210. 2 1,186.8

1

1,065.0 1,067.4 1,070.0 1,070.6 1, 070.7 1,069.3 1,075.7 1,068.2 1,087.4 1,093.3 1,106.0 1,116.9 1,136.4 1,152.9 1,166.0 1,191.3 1,215. S 1,214.8 1,222.2n,2i6.*) 1,216.,$1,210.4 1,206. 0 1,179.3
10.0
5.0
10.1
3.7
12.1
14.5>
12. <
12.2
13.4
10.8
11. d 13.6
3.3
7.9
4. 2
2.9
*6.3
4.8
6.8
1
6.8
7.6
9.8
24.4[
4.8

2

491.6
481.8
9.8

493.2
481.0
12.2

494.5
481.0
13.4

489.9
483.1
6.8

483.6
480.7
2.9

486.1
481.3
4.8

488.5
482.2
6.3

475.6
472.4
3.3

490.0
482.1
7.9

488.8
478.8
10.0

492.0
487.0
5.0

495.5
491.8
3.7

189.5
184.4
5.1

189.5
181.4
8.1

192.1
183.2
8.8

189.5
184.3
5.3

181.6
181.4
.1

182.9
182.8
.0

186.1
182.3
3.8

166.3
169.9
-3.7

181.3
179.0
2.3

183.3
178.0
5.3

182.6
181.8
.8

302.2
297.4
4.7

303.7
299.6
4.1

302.4
297.8
4.6

300.4
298.9
1.6

302.0
299.2
2.8

303.2
298.4
4.8

302.4
300.0
2.4

309.4
3)2.4
6.9

308.7
303.1
5.6

305.5
300.8
4.7

459.5
123.6

462.6
123.8

467.7
121.2

471.8
115.7

475.8
114.2

475.9
112.1

479.0
114.5

478.2
117.6

485.4
119.9

490.0
124.5




522.8
512.7
10.1

530.6
518.5
12.1

545.0
534.2
10. S

564. 8 564.6
552. J 551.0
11. y 13.6

186.3
187.3
-1.0

505.8
501.0
4.8
195.2
193.6
1.6

203.8
198.3
5.6

209.6
203.4
6.1

224.8
213.:
11. <

231. 7
225. 0
6. 7

309.4
305.2
4.2

309.2
304.5
4.7

310.6
307.4
3.2

319.0
314.4
4.5

321.0
315.1
5.9

491.8
127.2

497.2
127.9

502.2
133.2

507.1
133.1

513.8
133.7

3

569. () 576.1I 560. 1
554.*I 5 5 1 . 'r 548. 3
14 :I 24.^I
12. 4

555.1
548.2
6.8

552. 4
548. 2
4. 2

531.9
524.4
7.6

4
5
6

235. C 235.11 235.I 5 227. i)
225.8 224. iI 222. (3 221. 8
9.2
12. <
11. ()
)
6. 1

224.0
222.0
2.C

226. 0
221. 6
4. 4

215.9
205.2
10.7

7
8
9

320.: > 333. 0
321. () 327. 9
-.*$
5. 2

329.€
325. i
4.4

333. 2
330. 3
3. 2

340. (3
329. 2
11. 5

332. 5
326. 2
6. 3

331. C
326.2
4.8

326 4
326 6
— 2

316.1 10
319.2 11
- 3 . 1 12

)
520. <
137..I

527.S
136. (

533. 2
134. 3

535. B 543. 7
129. } 124. 6

541. *
120.4

545 1
112 7

548.1 13
106.8 14

523. 6
139. 4

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

16

Table 1.6.—Gross National Product by Major Type of
[Billions of

Gross national product.
Durable goods
Personal consumption expenditures...
Producers' durable equipment
Government purchases
Net exports
Change in business inventories
Nondurable goods
Personal consumption expenditures...
Government purchases
Net exports
Change in business inventories
Services
Personal consumption expenditures...
Government purchases
Net exports
Structures..
Private
Government.

1949

1948

1947

Line

1952

1951

1950

1953

1954

1955

1956

1957

468.3

487.7

490.7

533.5

576.5

598.5

621.8

613.7

654.8

668.8

680,9

76.7

77.1

72.4

90.7

102.4

102.3

107.3

98.1

117.1

117.2

116.1

30.6
31.9
2.6
9.8
1.8

33.1
33.0
3.8
5.8
1.5

36.3
28.4
5.5
5.8
-3.7

43.4
31.2
6.1
3.7
6.3

32.6
15.4
4.7
9.8

38.9
31.8
25.2
4.6
1.8

43.1
34.1
24.3
4.4
1.4

43.5
32.2
20.4
5.6
-3.6

52.2
36.3
18.4
6.0
4.2

49.8
37.5
19.1
7.0
3.7

49.7
38.3
18.7
7.9
1.5

160.1

167.1

167.5

170.7

180.7

189.9

199.6

194.1

199.2

203.7

205.7

154.8
2.7
4.7
-2.0

155.0
6.6
1.5
4.0

157.4
9.2
1.7
-.8

161.8
5.5

1*2

165.3
9.6
1.9
3.9

171.2
15.5
.8
2.5

175.7
24.9
-1.0

177.0
15.8
-.2
1.4

185.4
10.4
-.1
3.5

191.6
8.8
1.2
2.1

194.9
9.2
1.6
.0

186.9

190.9

197.0

206.0

229.0

240.6

245.5

247.0

257.6

267.2

279.3

120.8
63.9
2.1

124.6
65.1
1.2

126.4
69.3
1.4

137.1
91.0

140.8
100.2
-.4

145.5
101.4
-1.4

150.4
97.6
-1.0

157.5
101.3
-1.2

164.9
103.3
-.9

170.2
109.8

44.7

52.5

53.7

132.8
72.0
1.1
66.0

64.4

65.6

69.4

74.5

80.9

80.7

79.9

38.5
6.2

43.8
8.7

41.5
12.2

52.0
14.1

47.8
16.6

47.1
18.6

49.9
19.5

53.4
21.0

60.0
20.9

59.6
21.2

57.4
22.5

—•» fi

NOTE.—"Change in business inventories" is classified as follows: For manufacturing, by
the type of product produced by the establishment holding the inventory; for trade, by the
type of product sold by the establishment holding the inventory: for construction, durable;
and for other industries, nondurable. The components of GNP other than change In business
inventories are classified as durable or nondurable by type of product.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY or CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY or
CURRENT BUSINESS.

Table 1.7.—Gross National Product by Sector and Industry: Annually,
[Billions of
1946

Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1957

1956

209.6

232.8

259.1

258.0

286.2

330.2

347.2

366.1

366.3

399.3

420.7

442.8

209.0

231.8

257.9

256.9

284.8

328.7

345.7

364.6

3S4.5

397.3

418.5

440.5

183.8

210.0

234.9

231.5

257.5

294.4

307.3

324.9

323.9

354.0

372.1

390.8

188.0
66.2
121.8
10.4
111.3
20.2
1.8

212.7
74.8
137.9
11.7
126.2
23.3
-1.2

211.7
72.1
139.6
13.2
126.4
18.8

1.0

235.5
83.8
151.7
14.7
137.0
20.0
2.0

267.4
98.7
168.7
16.6
152.1
22.9
4.0

282.5
103.0
179.5
18.8
16a 7
22.2
2.7

301.2
112.2
189.0
21.1
167.9
20.3
3.3

354.3
126.9
227.5
27.0
200.5
18.6

372.3
131.5
240.8
29.2
211.5
18.4
.2

4.5

5.1

5.6

5.9

6.4

6.9

7.2

7.8

106.4
194.9
23.4
171.5
19.6
3.0
8.1

332.8
121.0
211.8
25.1
186.7
18.8
2.5

20.8

16.7

17.4

19.4

20.9

27.4

31.2

31.9

32.5

34.2

Federal
State and local..

14.6
6.2

9.4
7.3

8.9
8.5

10.0
9.4

10.7
10.1

16.2
11.2

18.9
12.3

18.6
13.3

18.4
15.8

36.6
19.0
17.6

19.6
19.6

Rest of the world...

.5

.9

1.2

1.1

1.3

1.5

1.5

1.5

17.8
14.7
1.8

2.0

2.2

2.3

Gross national product..
Gross domestic product
Business
Nonfarm
Manufacturing
Nonmanufacturing
Housing
..'.'.
Other
Farm
Statistical discrepancy.

164.2

18.9

Households and institutions.
Government

1946

II
Gross national product.
Gross domestic product
Business
Nonfarm
Manufacturing
Nonmanufacturing.
Housing
other;;;;*:::::
Farm
Statistical discrepancy
Households and institutions..
Government
Federal
State and local.
Rest of the world...

197.4

III

205.0

215.3

220.4

II

IV
224.9

III

IV

229.1

233.3

243.6

1949

IX
249.6

99.1

III

IV

257.1

264.0

265.5

n
260.1

III

256.6

258.6

256.5
255.5

IV

197.0

204.5

214.8

219.7

224.0

228.1

232.4

242.6

248.5

255.9

262.8

264.2

258.9

255.5

257.5

167.1

179.6

191.5

196.7

201.7

205.8

211.1

221.0

226.6

233.5

239.3

240.0

234.1

230.4

232.1

229.3

148.4

161.1

170.2

176.9

180.4

185.4

188.9

197.0

205.6

210.8

215.7

218.8

214.8

210.9

212.4

209.0

16.7
2.0

17.5
1.0

20.3
1.0

20.9
-1.1

21.3
0

18.5
1.9

20.0
2.3

21.1
2.9

21.5
-.5

24.8
-2.1

24.2
-.6

22,9
-1.7

19.6
-.2

19.0
.5

18.2
1.6

18.4
1.9

4.5

4.3

4.4

4.8

4.6

5.1

5.4

5.4

5.3

5.5

5.8

5.7

5.8

5.9

5.8

6.2

25.4

20.6

18.9

18.3

17.6

17.1

15.9

16.2

16.5

16.9

17.7

18.5

19.0

19.2

19.6

20.0

19.6
5.8

14.6
6.0

12.7
6.3

11.6
6.7

10.6
7.0

10.0
7.2

8.5
7.4

8.4
7.8

8.5
8.0

8.6
8.3

9.5
9.1

9.8
9.2

9.9
9.3

10.0
9.6

.5

.5

.5

.7

.9

.9

.9

1.0

1.1

1.2

9.0
8.7
1.2

1.2

1.2

1.2

1.2

10.3
9.7
1.0

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY or CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




10.5
9.8

1948

1947

Line

-.8

9.1

NOTE.—The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification beginning with 1948 and on the
1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

17

Product and Purchaser in Constant Dollars: Annually, 1947-74
1972 dollars)
1959

1958

720.4

679.5

1962

1961

1960

799.1

755.3

736.8

1965

1964

1963

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

830.7

874.4

925.9

981.0

1,007.7

1,051.8

1,078.8

1,075.3

1,107.5

1,171.1

1,233.4

1,210.7

160.6

177.1

173.0

181.3

190.1

179.2

183.4

208.4

234.5

223.5

2

73.4
56.8
16.8
5.7
8.0

79.0
64.3
18.0
3.8
11.9

79.7
63.2
19.9
3.9
6.4

88.2
67.0
19.3
1.2
5.6

91.9
71.2
18.7
1.6
6.8

88.9
68.1
19.2
2.9
.1

98.1
67.3
16.7
-.6
1.8

111.2
75.3
17.9
-2.4
6.2

120.9
87.1
15.9
.6
10.0

112.5
86.1
13.7
5.4
5.8

3
4
5
6
7

101.4

113.8

114.4

112.5

125.5

131.8

144.2

46.4
33.0
19.9
5.5
-3.4

51.8
36.7
18.9
3.2
3.3

52.5
37.8
15.1
6.2
2.9

50.3
36.8
18.9
6.6
-.1

55.7
40.6
18.9
5.9
4.4

60.7
43.3
18.2
6.2
3.4

65.7
48.4
17.7
7.5
5.0

1

210.6

218.7

222.7

225.6

236.5

241.1

249.9

261.0

278.5

288.9

299.8

302.2

304.2

308.2

317.7

334.1

326.5

8

196.8
12.7
-.4
1.6

205.0
11.9
-1.4
3.2

208.2
12.7
.3
1.5

211.9
10.7
0
3.0

218.5
15.2
-1.0
3.7

223.0
14.0
-.2
4.3

233.3
13.5
.8
2.3

244.0
14.4
-.7
3.3

255.5
19.2
-1.0
4.8

259.5
25.2
-1.4
5.6

270.2
29.7
-3.2
3.2

276.4
26.1
-4.1
3.7

282.7
20.0
-2.7
4.2

287.5
19.7
-3.7
4.8

299.3
19.1
-4.0
3.2

309.6
17.7
.7
6.1

303.0
17.6
4.0
1.9

9
10
11
12

285.6

298.0

310.7

325.5

339.9

354.0

372.2

389.1

410.2

432.7

449.9

465.4

477.2

491.1

510.8

530.1

544.7

13

175.8
111.4
-1.6

184.7
114.3
-.9

192.3
119.3
-.9

200.0
125.4
.1

208.7
130.4
.8

217.6
135.1
1.2

229.7
139.8
2.7

240.7
145.1
3.2

251.6
157.1
1.5

264.0
167.6
1.1

275.0
173.2
1.6

287.2
177.1
1.1

297.3
178.7
1.2

306.3
181.0
3.7

322.4
185.2
3.1

335.8
188.4
5.9

344.4
193.1
7.2

14
15
16

81.9

89.9

89.0

91.7

97.2

103.8

108.1

115.3

115.2

113.1

120.9

121.1

114.6

124.9

134.3

134,7

116.1

17

68.6
28.6

73.4
30.3

76.5
31.7

82.1
33.3

80.3
35.0

77.5
35.7

83.9
37.0

86.3
34.8

82.3
32.3

92.9
32.0

103.5
30.8

104.3
30.4

86.1
30.0

18
19

56.6
25.3

64.3
25.6

63.3
25.7

63.9
27.8

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
L959

1960

1961

1962

1963

1964

448.9

486.5

506.0

523.3

563.8

594.7

446.6

484.0

503.5

520.2

560.2

591.1

393.1

427.7

442.5

455.3

490.4

516.5

550.7

370.7
123.8
246.9
31.7
215.2
20.7
1.7

408.9
140.8
268.1
34.3
233.8
19.1
-.2

423.0
143.9
279.1
36.9
242.3
20.2

433.4
143.8
289.7
39.8
249.9
20.2
1.6

465.9
157.5
308.4
43.0
265.5
20.5
4.0

492.2
166.3
325.9
45.9
280.0
20.5
3.7

529.2
178.6
350.6
48.8
301.7
19.3
2.2

1958

1971

1972

1973*

1974*

982.4

1,063.4

1,171.1

1,306.3

1,406.9

1

977.8

1,056.8

1,164.1

1,297.3

1, 392.5

2

798.1

831.5

896.9

989.5

1,107.8

1, 186.6

3

776.2
254.6
521.6
69.7
451.9
25.2
-3.3

807.6
250.3
557.3
75.4
481.9
25.9
-2.1

867.9
261.5
606.4
81.9
524.5
27.7
1.3

955.8
288.8
667.0
89.2
577.8
32.0
1.7

1,057.0
317.9
739.1
97.4
641.8
50.4
.4

1, 138.7
326.3
812.5
106.8
705.7
48.5

4
5
6
7
8
9
10

1965

1966

1967

1968

635.7

688.1

753.0

796.3

868.5

935.5

631.4

683.4

748.8

791.8

863.7

931.1

596.6

651.1

682.7

742.2

573.8
196.3
377.4
52.4
325.1
22.0
.9

625.0
215.9
409.1
56.0
353.1
22.9
3.2

658.8
221.3
437.5
60.2
377.3
22.2
1.7

720.2
241.8
478.3
64.2
414.1
22.6
-.6

1969

1970

Line

11.4

12.3

13.8

14.4

15.5

16.6

17.8

19.2

21.1

23.9

26.4

29.2

31.6

34.7

37.2

40.4

44.8

11

42.1

44.0

47. L

50.5

54.3

58.0

62.9

67.6

76.5

85.1

95.2

103.7

114.7

125.2

137.4

149.1

161.1

12

20.5
21.6

20.9
23.1

21.7
25.5

22.6
27.9

24.1
30.2

25.2
32.9

27.0
35.9

28.3
39.3

32.4
44.1

35.6
49.5

39.3
55.9

41.8
61.9

44.7
70.0

46.8
78.5

50.1
87.3

51.9
97.2

54.7
106.4

13
14

2.2

2.4

2.5

3.1

3.6

3.7

4.3

4.7

4.2

4.6

4.8

4.5

4.6

6.6

7.0

9.0

14.4

15

1951

1950
I

II

III

IV

I

1952

1955

1954

1953

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

Line

267.4

276.9

294.5

305.9

319.9

327.7

334.4

338.5

341.1

341.3

347.0

359.2

365.4

368.8

367.8

362.6

362.0

361.8

366.2

375.0

387.5

395.4 404.0 410.2

1

266.2

275.6

293.0

304.5

318.7

326.2

332.8

336.8

339.7

339.9

345.5

357.8

363.8

367.1

366.3

361.0

360.3

360.1

364.4

373.0

385.5

393.5 402.0 408.2

2

240.2

249.4

265.6

274.9

286.7

292.5

297.4

300.7

302.3

301.7

306.5

318.7

324.5

327.2

326.4

321.3

320.6

319.9

323.7

331.4

343.7

350.5 358.3 363.6

3

217.2

228.5

244.0

252.3

261.8

265.2

269.0

273.9

276.9

277.6

280.6

295.1

300.3

303.9

303.9

296.8

296.7

297.7

300.6

310.0

321.1

329.6 337.2 343.8

18.9
4.0

19.0
2.0

20.3
1.3

21.7
.9

22.4
2.6

23.0
4.3

22.9
5.5

23.5
3.4

21.9
3.6

22.5
1.6

23.8
2.1

20.6
3.0

20.9
3.3

20.2
3.2

19.9
2.6

20.3
4.3

20.5
3.5

19.2
3.0

19.8
3.2

19.1
2.3

19.0
3.6

18.4
1.4

4
5
6
7
8
9
10

19.1
1.9

18.6
2.4

6.3

6.3

6.4

6.7

6.9

6.8

6.9

7.0

7.0

7.1

7.4

7.4

7.5

7.8

8.0

7.8

7.7

7.9

8.1

8.6

8.6

8.8

9.2

9.7

11

19.7

19.9

21.0

22.9

25.1

26.8

28.5

29.1

30.3

31.1

31.6

31.7

31.8

32.1

32.0

31.9

31.9

32.3

32.7

33.0

33.2

34.2

34.5

34.9

12

9.9
9.8

9.9
10.0

10.7
10.3

12.4
10.5

14.4
10.7

15.9
10.9

17.2
11.3

17.5
11.6

18.5
11.8

19.0
12.0

19.2
12.4

19.0
12.7

18.8
13.0

18.9
13.2

18.6
13.4

18.1
13.7

17.8
14.1

17.8
14.5

17.7
15.0

17.8
15.2

17.8
15.4

18.5
15.7

18.6
15.9

18.6
16.4

13
14

1.2

1.2

1.5

1.4

1.3

1.5

1.6

1.7

1.5

1.5

1.5

1.4

1.5

1.6

1.5

1.6

1.7

1.7

1.8

2.0

2.0

1.9

2.0

2.0

15




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

18

Table 1.7.—Gross National Product by Sector and Industry: Annually,
[Billions of
1957

1956

1958

1959

Line
I

Gross domestic product -

3
4
5
6
7
8
9
10

Nonfann
. . _.
Manufacturing
Nonmanufacturing
Housing
Other
Farm
Statistical discrepancy

11

Households and institutions

12
13
14
15

369.4

373.1

351.9

18.4
-.3

--

420.1

346.6

.

422.4

415.2

364.6

Business

417.4

409.6

- --

III

411.9

Gross national oroduct

1
2

II

18.2

9.5

IV

I

II

III

430.9

438.9

441.0

448.2

442.8

435.8

439.9

453.1

466.3

429.1

436.7

438.5

445.7

441.0

433.7

437.7

450.9

463.9

381.3

388.2

389.2

395.4

390.5

382.0

384.4

396.5

355.0

363.3

370.5

371.8

375.5

370.9

361.4

361.8

18.9
-.8

18.8
-.8

18.0
-.3

18.0
-.6

18.6
1.3

18.9
.7

20.9
-.3

20.8
1.8

IV

I

II

III

IV

476.0

489.9

486.5

493.5

473.7

487.6

484.1

490.8

409.1

418.4

431.7

427.4

433.3

372.2

386.6

399.3

413.6

409.6

412 9

20.8
3.5

20.5
2.0

19.9
-.8

19.1
-1.0

18.5

18.8
1.6

9.9

10.2

10.2

10.4

10.7

10.7

11.0

11.6

11.5

11.6

11.8

12.1

37.6

38.2

38.9

39.7

39.8

40.7

41.7

42.8

43.3

43.5

43.8

19.2
17.9

2.2

19.2
18.4

19.4
18.8

19.6
19.3

19.8
19.8

19.4
20.3

19.9
20.8

20.3
21.4

21.0
21.8

21.0
22.2

20.8
22.6

20.9
22.9

44.2
20.9
23.3

20.9
23.7

1.8

2.3

2.6

2.5

1.9

2.1

2.2

2.3

2.3

2.3

2.2

2.5

2.7

1966

1967

1
2
3
4
5
6
7
g
9
10

II

IV

III

I

II

12.5

13.0
44.6

1968

Line
I

-.7

37.1

36.2
18.9
17.3

2.3

Rest of the world

III

2.3

18.6
16.9

Federal
State and local

II
:

9.6

35.4

Government

I

-.7

IV

I

IV

III

II

][II

IV

733.7

771.7

777.5

785.8

803.1

818.7

837.3

861.8

880.0

894.7

754.9

767.4

773.5

781.8

798.3

813.5

832.9

856.7

875.2

890.1

647.7

655.3

665.0

668.5

674.4

688.1

699.7

715.9

736.5

751.5

764.7

608.0

621.0

630.2

640.9

644.6

650.5

663.0

677.0

694.9

713.7

729.0

743.0

24.6
3.7

Nonfann
Manufacturing

759.0

743.3

636.3

Business

747.6

729.5

Gross national product
Gross domestic product

22.8
4.0

22.6
2.6

21.6
2.5

21.5
2.4

21.9
2.0

22.6
2.5

22.6
.1

22.2
-1.2

21.8
1.1

22.8
-.4

23.7
-2.0
27.1

NOTITTIftnnfacturipg
v

Housing . .
Other
Farm
Statistical discrepancy

11

Households and institutions

20.3

20.6

21.6

22.2

22.9

23.7

24.3

24.9

25.5

26.3

26.6

12

Government

72.9

75.0

78.0

80.2

82.0

83.7

85.9

89.0

91.4

93.9

97.1

98.3

31.7
43.3

33.3
44.8

34.0
46.3

34.6
47.4

35.0
48.7

35.6
50.3

37.2
51.7

37.8
63.6

38.7
55.1

40.4
56.7

40.1
58.2

4.2

4.1

4.3

4.1

4.1

4.9

5.2

4.4

5.2

4.8

4.6

13
14
15

..

Rest of the world

.

30.9
42.1

.

Federal
State and local

.

4.2

Table 1.8.—Gross National Product by Sector and Industry in Constant Dollars: Annually,
[Billions of
1946

Line
1
2
3
4
5
6
7
g
9
10

Government

1953

1964

1956

1956

1957

468.3

487.7

490.7

533.5

576.5

598.5

621.8

613.7

654.8

668.8

466.7

485.9

488.8

531.5

574.7

596.7

619.9

611.4

652.2

666.1

678.0

392.8

411.2

409.4

448.6

477.2

492.8

515.6

508.0

646.5

557.2

566.0

370.8
114.9
255.9
20.3
235.6
23.9
-1.9

387.2
121.5
265.6
21.4
244.2
25.7
-1.7

382.1
115.0
267.1
23.2
243.9
25.5
1.8

417.9
131.3
286.7
25.0
261.7
26.9
3.8

445.9
146.0
300.0
27.0
273.0
25.8
5.5

460.7
150.7
310.0
29.4
280.6
26.3
5.7

480.6
161.2
319.4
31.3
288.1
27.6
7.3

473.4
149.6
323.8
33.5
290.3
28.3
6.2

512.5
165.8
346.7
36.4
311.3
29.2
4.8

529.3
166.9
362.3
37.4
324.9
28.8
-.9

638.7
167.8
370.8
39.8
331.0
28.1
-.8

15.1

16.0

16.7

17.3

18.3

18.7

18.6

19.3

19.4

21.4

22.5

23.1

75.8

57.9

58.0

62.2

64.6

78.8

85.3

85.0

83.9

84.4

86.5

88.9

.

_

680.9

49.7
26.1

29.8
28.1

29.2
28.8

31.3
30.9

32.7
31.9

46.2
32.6

51.6
33.7

49.6
35 5

47.2
36.7

45.9
38 4

45.6
40 8

45.8
43.1

1.1

1.6

1.8

1.9

1.9

1.8

1.8

2.0

2.3

2.5

2.7

2.9

*Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.

1. Beginning with 1947, the annual estimates equal GNP in constant dollars measured
as the sum of final products less GNP in constant dollars measured as the sum of gross product
by industry. The quarterly estimates are obtained by interpolating the annual estimates
with the statistical discrepancy deflated by the implicit price deflator for gross domestic




1952

25.8
-3.0

.

12

Rest of the world

1951

362.3

Households and institutions

15

1950

385.1

Business

Federal
State and local

1949

475.9

11

13
14

1948

477.0

Gross national product .
Gross domestic product

Nonfarm
_
M anufacturing
Nonmanufacturing
Housing
Other
Farm
Residual 1

1947

business product. The annual estimate for 1946 equals the deflated statistical discrepancy
adjusted for the difference in 1947 between the residual and the deflated statistical
discrepancy.
NOTE—The industry classification within the business sector is on an establishment
basis and is based on the 1967 Standard Industrial Classification beginning with 1948 and
on the 1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

19

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

1960

1963

1964

1965
Line

II

in

IV

I

622.4

632.4

642.1

646.0

665.4

678.7 695.1 713.3

1

618.0

628.2

637.6

641.8

660.4 .673.7 690.4 709.2

2

529.7

539.5

548.1

556.2

559.2

577.0

588.5 302.7 618.3

3

504.5

515.2

524.4

535.4

541.7

557.6

567.1 577.5 593.0

20.1
5.1

19.0
5.3

19.2
4.5

19.3
1.5

19.8
-2.3

20.6
-1.2

4
5
6
7
8
9
10

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

506.6

506.5

506.2

504.6

507.1

518.2

527.2

540.7

553.0

562.1

567.8

572.3

580.2

587.9

600.5

610.4

504.2

504.1

503.7

501.9

504.1

515.3

524.0

537.4

549.9

558.6

564.3

568.2

576.5

584.4

5%. 8

606.5

445.3

443.6

442.0

439.2

440.6

451.2

458.9

470.4

481.3

489.3

494.2

496.8

503.7

510.6

521.9

426.1

424.0

422.9

419.0

419.4

429.4

436.8

448.2

457.1

463.3

468.9

474.4

480.1

487.9

496.4

18.8
.4

20.7
-1.6

21.0
-.8

20.7
.5

19.8
2.0

19.9
2.2

20.6
1.6

20.6
3.6

20.7
5.3

20.4
4.9

20.3
2.1

20.8
2.9

20.7
2.0

20.7
4.9

13.3

20.3
-.7
13.8

14.0

14.3

14.4

14.2

14.3

14.8

15.1

15.3

15.7

16.0

16.2

16.4

16.7

16.9

17.3

17.8

17.9

18.1

45.7

46.7

47.8

48.4

49.1

49.8

50.8

52.3

53.4

54.0

54.4

55.4

56.6

57.4

58.2

59.9

61.2

62.2

63.6

64.5

21.1
24.6

21.5
25.2

22.0
25.8

22.1
26.3

22.1
27.0

22.3
27.6

22.6
28.3

24.0
29.5

24.0
30.0

24.0
30.4

24.3
31.1

24.7
31.9

24.9
32.5

25.1
33.1

25.9
33.9

26.4
34.8

26.7
35.5

27.4
36.2

2.4

2.3

2.5

2.7

3.0

2.9

3.1

23.4
28.9
3.3

3.1

3.5

3.5

4.1

3.7

3.5

3.6

3.9

4.4

4.3

4.5

II

IV

22.5
2.8

18.3

22.3
-.8
18.9

19.5

22.5
2.8
20.2

65.2

66.2

68.2

70.8

12

27.5
37.0

27.3
37.8

27.5
38.7

28.4
39.8

30.0
40.8

13
14

4.2

5.0

5.0

4.7

4.1

15

11

1974*

1973*

Line
I

II

IV

III

I

II

III

IV

I

IV

976.5

992.6

996.3 1,034.0 1,056.2 1,072.4 L,091.2 1,127.0 1,156.7 L,181.4 1,219.4 1,265.0 1,287.8 1,319.7 1,352.7 1,370.9 1,391.0 1,424.4 1,441.3

1

972.2

987.8

991.7 L,028.5 1,049.0 1,066.6 1,083.2 1,120.7 I,150.1 1,174.1 1,211.3 1,256.3 1,279.1 1,311.0 1,342.8 1,353.9 1,378.9 1,410.6 1,426.6

2

816.7

826.9

840.3

842.0

872.8

890.6

905.6

918.7

950.6

978.0

998.6 1,030.7 1,072.3 1,091.4 1,119.9 1,147.3 1,154.3 1,175.8 1,203.1 1,213.2

3

794.1

803.4

816.4

816.7

843.6

860.2

876.8

891.2

922.6

943.7

963.5

993.1 1,026.4 1,044.2 1,065.0 1,092.3 L, 105.1 1,132.5 1,155.6 1,161.7

26.1
-5.3

26.5
-3.9

25.4
-1.5

25.5
-.1

28.2
1.1

27.1
3.3

26.1
2.8

29.3
-1.8

31.0
-3.0

32.0
2.3

31.1
4.0

48.6
2.9

30.8

26.2
-2.8
31.3

4
5
6
7
8
9
10

31.9

32.6

33.5

34.2

34.9

36.0

36.5

37.0

37.4

37.9

38.7

40.1

41.1

41.8

43.1

44.1

45.6

46.5

11

115.7

117.1

122.2

124.2

126.1

128.5

133.6

135.1

138.1

142.7

145.3

147.6

150.0

153.6

156.6

159.0

161.9

166.9

12

44.4
72.8
4.6

46.6
75.6

46.6
77.6

46.5
79.6

49.7
83.8

49.2
86.0

49.5
88.6

51.9
90.9

51.7
93.6

51.3
96.3

51.4
98.5

53.3
100.4

53.7
102.9

53.8
105.2

54.3
107.6

56.9
110.0

13
14

5.5

7.2

5.8

47.3
81.2
8.0

6.2

6.5

7.3

8.1

8.8

8.7

8.7

10.0

17.0

12.1

13.7

14.8

15

IV

913.0 929.0

946.9

953.3

964.2

908.2 924.5

942.5

949.2 •959.5

780.7 794.3

806.7

810.7

757.4 772.9

784.6

789.9

24.8 24.8
-1.5 -3.4

25.1
-2.9

I

II

28.8

29.6

30.7

99.6 101.4

106.2

107.8

112.0

114.0

40.1
59.5

40.4
60.9

43.4
62.8

43.2
64.6

45.0
67.0

44.9
69.1

44.7
71.0

4.9

4.5

4.4

4.1

4.7

4.3

4.8

27. y

1972

III

III

III

I

1971

1970

1969

II

34.1
3.4

42.8
3.2

II

IV

III

48.1
-.9

54.0
1.0

56.8
-1.8

I

II

55.4
-6.2

III

44.8
-1.6

IV

45.1
2.4

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

679.5

720.4

736.8

755.3

799.1

830.7

874.4

925.9

981.0

1,007.7

1,051.8

1,078.8

1,075.3

1,107.5

1,171.1

1,233.4

1,210.7

1

676.5

717.3

733.6

751.2

794.3

825.8

868.7

919.9

975.6

1,001.9

1,045.7

1,073.1

1,069.8

1,100.3

1,164.1

1,225.7

1,203.7

2

561.9

600.5

611.8

625.6

663.9

692.0

730.4

776.4

822.4

839.8

878.2

901.5

898.3

927.6

989.5

1,049.1

1,024.4

3

528.2
153.3
374.9
42.4
332.5
29.3
4.4

569.6
170.7
399.0
45.2
353.7
28.2
2.7

580.5
172.0
408.5
48.1
360.4
29.5
1.8

590.9
171.2
419.7
51.0
368.7
29.6
5.1

629.6
186.2
443.4
54.5
388.9
29.5
4.8

658.4
201.0
457.4
57.5
399.9
30.0
3.6

697.1
215.7
481.4
60.7
420.8
29.2
4.0

746.7
235.1
511.6
64.4
447.2
30.1
-.4

791.1
254.0
537.1
68.0
469.1
28.5
2.8

807.8
254.1
553.7
71.8
482.0
29.6
2.4

850.6
268.4
582.2
74.8
507.4
29.4
-1.8

877.4
276.2
601.2
78.5
522.7
29.9
-5.9

871.3
260.6
610.8
81.6
529.1
31.1
-4.2

894.9
264.1
630.8
84.7
546.1
32.8
-.1

955.8
288.8
667.0
89.2
577.8
32.0
1.7

1,011.9
309.5
702.5
93.3
609.2
33.2
4.0

990.0
293.1
696.9
97.4
599.5
31.5
2.9

4
5
6
7
8
9
10

24.2

24.9

26.8

27.2

28.3

29.0

29.9

31.1

32.8

34.8

35.9

36.6

36.3

36.6

37.2

37.9

38.5

11

90.4

91.8

94.9

98.5

102.1

104.8

108.4

112.4

120.4

127.2

131.7

135.0

135.2

136.0

137.4

138.7

140.8

12

44.5
45.8

44.5
47.3

45.2
49.7

46.2
52.3

48.3
53.9

48.2
56.6

48.5
60.0

48.7
63.6

53.0
67.5

57.2
70.0

58.1
73.6

58.2
76.8

55.2
80.1

52.5
83.5

50.1
87.3

48.2
90.6

47.9
92.9

13
14

3.0

3.2

3.2

4.1

4.8

4.9

5.7

6.1

5.4

5.8

6.1

5.7

5.5

7.2

7.0

7.7

7.0

15




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

20

Table 1.8.—Gross National Product by Sector and Industry in Constant Dollars: Annually,
[Billions of
1948

1947

1949

1950

Line
I

II

III

IV

I

II

IV

III

I

II

III

IV

I

II

III

IV

.......

464.0

467.5

468.0

473.7

477.3

486.0

490.8

495.9

490.9

488.9

493.4

489.2

511.5

525.1

542.4

554.6

....

462.4

465.9

466.5

472.0

475.5

484.1

489.1

494.1

489.1

487.0

491.4

487.5

509.6

523.3

540.2

552.8

3

387.3

391.3

392.8

400.0

403.0

410.4

413.3

417.3

410.4

407.5

411.9

407.5

429.3

442.2

458.1

464 7

4
5
6
7
g
9
10
11

366.8

371.0

370.0

375.3

381.9

387.6 \ 3 8 7 . 6

391.0

385.1

381.2

383.7

378.3

394.5

411- a

429 2

436 2

26.1
-5.6
15.1

22.6
-2.3
16.3

23.8
-1.0
16.6

23.1
1.5
16.0

23.7
-2.6
16.4

26.3
-3.5
16.6

25.4
.3
17.0

27.4
-1.1
16.7

24.8
.6
16.9

2ft. 2
1.1
17.1

25.8
2.4
17.0

26.3
3.0
18.1

27.7
7.2
18.4

26.7
3 9
18.3

26 3
26
18.2

26 8
1 7
18.4

60.0

58.3

57.1

56.1

56.1

57.1

58.7

60.0

61.8

62.3

62.6

61.9

61.9

62.8

63.9

69.7

32.7
27.4

30.4
27.9

28.8
28.3

27.5
28.6

27.5
28.6

28.5
28.6

29.9
28.8

30.8
29.3

31.9
29.9

31.7
30.6

31.3
31.2

30.2
31.7

30.1
31.8

31.0
31.8

32 1
31.9

37 7
32.0

1.6

1.6

1.5

1.7

1.7

1.8

1.8

1.8

1.9

1.9

1.9

1.7

1.8

1.9

2.1

1.9

1
2

Gross national product
d rnss domestic Droduct

.

Manufacturing
Other
Farm
.
Residual *
Households and institutions

. . .

12
13
14
15

State and local

- -

Rest of the world

1958

1957

1959

Line
I
1
2

I

II

III

IV

I

II

III

IV

680.9

685.6

676.7

663.4

668.2

684.4

702.1

710.7

726.3

718.6

726.2

677.7

682.6

674.4

660.6

665.2

681.3

698.9

707.6

723.4

715.3

722.7

566.6

565.7

569.5

562.3

548.4

550.8

566.1

582.4

591.8

606.9

598.4

605.0

.-

539.6

540.0

541.3

533.8

518.9

517.7

529.4

547.0

560.9

577.0

569.2

571.5

--

Nonfarm

.-

Other
Farm
Residual i

28.5
—1.5

28.2
—2.4

27.7
.5

28.0
.4

29.4
.1

28.9
4.2

29.2
7.5

29.6
5.9

29.0
1.9

28.3
1.6

27.2
2.0

28.4
5.2

23.1

23.3

23.1

23.7

24.7

24.3

24.1

24.5

25.0

25.0

25.3

88.1

88.8

89.8

88.9

88.6

89.7

90.9

92.3

91.4

91.5

91.9

92.4

-

45.9
42.2

46.2
42.7

46.4
43.3

44.9
44.1

44.1
44.4

44.5
45.3

44.8
46.0

44.6
47.7

44.6
46.8

44.5
47.0

44.4
47.5

44.4
48.0

2.8

Government

23.0
- --

3.2

3.1

2.4

2.8

3.0

3.1

3.2

3.1

3.0

3.3

3.5

Households and institutions

12

15

IV

680.4

11

13
14

III

677.6

Gross national product
Gross domestic Droduct

3
4
5
6
7
g
9
10

II

Federal
State and local

..

.

Rest of the world

1967

1966

1968

Line
IV

I
1
2
4
5
6
7
g
9
10
11

Other
Farm
*
Residual»

985.4

992.8

994.4

1,001.3

1,013.6

1,021.5

1,031.4

1,049.4

1,061.8

1,064.7

970.9

980.2

987.3

989.2

996.1

1,007.4

1,014.8

1,025.8

1,042.9

1,055.6

1,058.8

819.7

825.2

829.7

828.9

835.1

844.4

851.0

860.6

875.0

886.8

890.4

787.7

795.5

799.3

796.7

803.3

811.0

820.2

832.7

846.2

858.9

864.5

30.2
2.9

28.5
3.6

27.4
2.3

27.8
2.6

29.1
3.0

29.0
2.8

29.9
3.4

30.5
.2

29.7
-1.8

28.3
.5

29.6
-1.8

-4.1

II

III

I

II

III

IV

30.6

Federal
State and local .

15 Rest of the world




32.5

32.2

33.3

33.3

34.5

34.7

35.0

35.2

35.3

36.2

36.1

35.9

116.8

Households and institutions

12
13
14

...

976.3

781.8

Nonfarm

I

814.9

3

IV

964.1

....

III

969.6

Gross national product
Gross domestic product..

II

118.9

121.7

124.4

125.9

126.4

128.0

128.6

129.9

131.7

132.7

132.4

50.8
66.0

52.0
66.9

53.8
67.9

55.3
69.1

56.9
68.9

56.9
69.5

57.5
70.5

57.3
71.3

57.7
72.2

58.5
73.2

58.6
74.1

57.6
74.9

5.4

5.4

5.2

5.4

5.2

5.2

6.2

6.7

5.6

6.6

6.2

5.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

21

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1954

1953

1952

1951

1955

1956

Line

IV

I

II

III

IV

I

II

III

IV

I

622.4

616.4

608.1

605.6

614.4

626.1

641.1

650.8

660.3

667.0

664.1

667.5 667.9 675.7

1

620.5

614.4

605.8

603.5

612.2

623.5

638.5

648.3

657.8

664.4

661.2

664.6 665.0 673.4

2

I

II

III

IV

I

II

III

IV

I

II

III

562.4

573.2

584.7

585.7

591.3

592.1

598.3

612.5

622.2

626.2

560.9

571.5

582.8

583.6

589.5

590.3

596.4

610.7

620.3

624.1

II

III

IV

467.6

474.3

483.4

483.5

487.2

486.5

491.2

506.3

515.3

519.7

515.9

511.2

503.3

500.8

508.8

518.5

534.3

543.6

556.6

551.6

553.8

556.5 555.2 562.9

3

439.8

443.1

448.5

452.3

455.5

456.1

458.0

473.4

480.7

484.9

482.4

474.3

468.4

467.3

473.3

484.3

498.8

510.5

517.3

523.4

523.9

529.6 527.8 535.4

24.2
3.6
19.0

25.3
5.9
18.7

27.1
7.8
18.6

26.4
4.8
18.5

25.6
6.2
18.5

26.5
4.0
18.5

27.7
5.5
18.9

25.6
7.2
18.6

27.1
7.5
19.0

27.6
7.2
19.5

27.4
6.1
19.6

28.3
8.6
19.0

27.8
7.1
18.8

27.2
6.2
19.0

29.0
6.6
19.3

29.2
5.0
20.7

28.5
7.0
20.2

28.8
4.3
20.9

29.3
5.0
21.7

30.1
3.0
22.8

29.7
.2
22.2

27.6 28.6 29.1
- . 8 -1.2 -1.6
22.1 22.6 22.8

4
5
6
7
8
9
10
11

74.3

78.4

80.9

81.6

83.8

85.3

86.3

85.8

86.0

84.9

85.0

84.2

83.7

83.7

84.1

84.4

84.1

83.8

84.5

85.1

85.1

86.0

87.1

87.7

12

42.1
32.2

46.0
32.5

48.1
32.8

48.5
33.1

50.5
33.3

51.8
33.5

52.5
33.8

51.6
34.2

50.5
35.6

50.0
35.0

49.6
35.4

48.3
35.9

47.5
36.2

47.1
36.5

47.2
36.9

47.0
37.4

46.4
37.7

45.8
38.1

45.8
38.7

45.8
39.3

45.4
39.7

45.5
40.6

45.8
41.3

45.8
41.9

13
14

1.6

1.8

1.8

2.0

1.8

1.8

1.9

1.8

1.9

2.1

1.9

2.0

2.3

2.2

2.2

2.5

2.6

2.5

2.5

2.5

2.9

2.8

2.9

2.3

15

III

IV

1962

1961

1960

1964

1963

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

740.7

738.9

735.7

731.9

736.6

749.0

758.7

776.9

788.1

798.3

804.3

737.6

735.9

732.4

728.3

732.6

745.2

754.6

772.6

783.9

793.5

799.5

I

II

III

805.8

813.5

823.7

838.8

800.1

808.5

819.0

834.0

I

II

III

846.9

861.1

872.0

880.5

883.9

903.0

916.4 932.3 152.0

1

841.8

855.4

866.4

874.6

878.4

896.5

909.8 926.2 146.9

2

IV

IV

I

II

618.2

613.9

610.2

605.1

608.2

620.8

629.0

644.3

654.7

663.5

668.3

669.0

676.5

686.0

699.2

706.5

718.9

728.3

735.7

738.5

756.0

767.8 781.8 300.2

3

586.5

582.5

579.1

573.9

574.4

585.3

593.7

610.4

619.2

626.8

633.6

638.8

644.5

654.7

664.0

670.5

682.8

692.1

702.7

710.9

727.6

740.6 749.6 r©9. i

28.4
3.4

29.6
1.8

30.6
.5

29.7
1.6

29.9
3.9

29.4
6.2

29.3
5.9

29.6
4.3

29.7
5.8

29.9
6.9

29.4
5.3

29.0
1.1

30.0
2.0

30.3
1.0

29.9
5.3

29.7
6.2

28.7
7.4

29.0
7.2

29.7
3.4

29.7
-2.1

30.2
-1.9

29.6
-2.5

30.8
1.4

29.7
1.4

4
5
6
7
8
9
10

26.0

26.8

27.0

27.5

27.5

26.8

26.9

27.5

27.8

28.0

28.7

28.7

28.7

28.7

29.2

29.4

29.6

30.1

29.9

30.0

30.6

30.6

31.4

93.3

95.2

95.3

95.8

96.9

97.5

98.7

100.7

101.4

102.0

102.5

102.5

103.2

104.4

105.6

105.9

106.9

108.0

109.0

109.9

110.0

44.7
48.6

45.8
49.3

45.2
50.1

45.1
50.7

45.2
51.7

45.5
52.0

46.2
52.6

47.8
52.9

48.5
52.9

48.5
53.5

48.3
54.2

47.7
54.8

47.8
55.5

48.3
56.1

48.5
57.1

48.2
57.7

48.4
59.6

48.8
60.2

48.6
61.3

48,1
61.9

3.1

3.0

3.2

3.6

4.0

3.9

4.1

4.3

4.2

4.8

4.7

5.6

5.0

4.7

4.8

5.1

48.1
58.8
5.8

5.6

5.9

5.5

6.5

1969
I

II

1971

1970
III

IV

I

II

III

IV

I

II

1972
III

IV

I

II

31.7

11

111.4 113.1 L15.0

12

48.3
63.1

48.8
64.3

49.8
65.2

13
14

6.6

6.0

5.2

15

1973*
III

IV

I

II

1974*

III

IV

I

II

III

IV

1,074.8 1,079.6 1,083.4 l,077.S 1,073.6 1,074.1 1,082.0 1,071.4 1,095.3 1,103.3 1,111. C 1,120.5 1,141.2 1,163. C1,178.C 1,202.2 1,227.7 1,228.4 1,236.5 1,240.9 1,228.7 1,217.2 1,210. 2 1,186.8

1

1,068.6 1,073.8 1,077.8 1,072.3 l,067.S 1,068.9 1,076.4 1,066.2 1,089.2 1,095.3 1,104.7 1.112.C 1,134.7 1,156.4 1,170.8 1,194.3 1,219.4 1,220.8 1,229.2 1,233.4 1,218.0 1,211.9 1,204. B 1,180.3 2
899.2

902.6

904.9

899. C 896.0

897.1

905.1

895. (

916.4

923.1

932.3

938. t

960. S 982.2

871.7

879.2

880.7

878.1

872.3

870.6

878.1

864.!

882. S 889.1

899.0

908. e

930.2

31.3
-3.7

29.5
-6.1

29.8
-5.6

29.2
-8.2

30.1
-6.4

31.5
-5.0

30.4
—3.4

32.;
-1A

32.3
1.7

32.0
1.4

32. S
-2.S

34.6
-3.S

36.3

36.2

34.1
-.6

36.2

36.7

36.9

36.6

36. £

36.4

36.1

36. (

37. C

133.1

134.4

136.0

136.7

135.3

135.3

135.2

135.1

135.8

57.8
75.3

58.3
76.]

58.6
77.4

56.3
79. C

55. C
79.7

54. £
80.4

54.1
81.1

53.7
82.1

52. S
83.0

52.1
84.0

6.2

5.8

5.6

58.2
78.5
5.1

5.8

5.2

5.fi

5.:

6.1

8.C

6.3




135. fl 136.1

996.3 1,018.5 1,044.5 1,044.5 1,052.0 1,055.2 1,039.7 1,033.1 1,024. 7 1,000.1 3

946. £ 963.2

33.7
1.7

28.9
4.2

982. fl1,005.1 1,008.9 1,015.6 1,018.1 1,009.7

31.0
4.6

34.0
5.5

32.9
2.6

31.3
5.1

34.5
2.7

31.5
-1.5

999.2

988. 4

31.6

31. 9
5. i

2.3

36. S

37.4

37.1

37.5

37.0

37.7

38.3

38.5

38.4

136. S

136.8

137.4

138.4

137.9

138.6

138.9

139.6

139.8

51.4
85. C

50.7
86.1

49.8
87.6

49.8
88.6

47.7
91.2

47.6
92.0

47.9
91.9

140.5
48.0
92.5

6.S

7.2

7.8

49.0
88.9
8.3

48.4
90.2

8.£

50. C
86. S
6.7

7.6

7.3

7.5

10.7

5.4

37. C
136.4

38.3

962.6

4
5
ft
7
8
31.9 9
5.6 10

38. 3

38.4 11

141. 1

141.8 12

48.1)
93. L

47.9 13
94.0 14

5.(S

6.5 15

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

22

Table 1.9.—Relation of Gross National Product, Net National Product, National Income, and
[Millions of
1947

209,579

Gross national product
Less: Capital consumption allowances
with capital consumption
adjustment.
Capital consumption allowances
without capital consumption
adjustment.
Less: Capital consumption adjustment.

Less: Indirect business tax and nontax'
liability.
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises.

1949

1950

1951

1952

1953

259,079

258,023

286,172

330,183

347,178

366,129
31,629

13,837

20,274

17,200

9,117

13,229

11,138

-4,720

-7,045

-6,062

195,742

Equals: Net national product

1948

232,757

1946

17,124

215,557
18,443

238,805
20,124

478
664

580
1,769
-209

21,972

17,054

15,272

-6,799

-6,700
236,051

262,319

21,337

23,422

751
1,039

778
2,030

700
-1,174

851

23,853

-148

114

-254

1955

1956

366,306

399,266

420,691

33,121

35,302

38,871

24,151

26,713

29,835

32,487

-7,478

-6,408

-5,467

-6,384

334,500

333,185

363,964

381,820

400,754

29,730

29,636

32,225

35,070

37,491

1,201
3,347

1,077
3,017

1,245
2,456

1,366
-793

1,515
176

-324

-487

-324

-18

734

692

285,827

299,735

299,131

328,020

346,911

362,264

35,380

35,472

34,626

44,599

42,924

42,065

3,368
9,133
-76

4,280
10,110
0

4,765
11,452
0

5,240
12,936
0

6,492
14,880
0

27,573

29,619

19,585
-7,988
302,610
25,280
934
3,997

21,691
-7,928
317,559
27,703
1,046
2,659

-102

1954

1957
442,755
42,001
35,199
-6,802

178,327

194,556

219,007

Less: Corporate profits with inventory
valuation and capital consumption adjustments.
Net interest
Contributions for social insurance..
Wage accruals less disbursements..

16,629

22,191

29,101

1,617
6,101

2,098
5,817
15

2,054
5,366
35

2,183
5,895
-46

2,272
7,058
24

2,672
8,475
74

3,007
8,970
-22

Plus: Government transfer payments to
persons.
Personal interest income
Net interest
Interest paid by government to
persons and business.
Less: Interest received by government.
Interest paid by consumers to
business.
Dividends
Business transfer payments

10,848

11,150

10,627

11,722

14,404

11,644

12,103

12,900

15,104

16,236

17,310

20,081

6,421
1,617

7,312
2,098

7,678
2,054

8,244
2,183

8,929
2,272

9,599
2,672

10,276
3,007

11,412
3,368

12,732
4,280

13,800
4,765

15,331
5,240

17,357
6,492

4,077

4,168

4,201

4,313

4,388

4,419

4,406

4,475

4,645

4,598

5,000

5,415

Equals: National income

236,203

212,670

272,297

33,661

1,046

1,423

1,748

2,269

2,508

2,863

3,569

3,807

4,437

5,091

5,450

6,302
580

7,015
700

7,210
751

8,803
778

8,520
934

8,493
1,046

8,795
1,201

9,149
1,077

10,311
1,245

11,085
1,366

11,514
1,515

177,317

Equals: Personal income

727
5,560
478

189,779

208,471

205,635

226,102

253,677

270,410

286,146

288,177

308,796

330,903

349,294
[Billions of

1947

1946

1948

1949

Line
I

III

II

IV

II

I

III

IV

I

II

III

IV

I

II

III

IV

j

Grass national nroduct

...-

197.4

205.0

215.3

220.4

224.9

229.1

233.3

243.6

249.6

257.1

264.0

265.5

260.1

256.6

258.6

256.5

2

Less: Capital consumption allowances
with capital consumption adjustment.
Capital consumption allowances
without capital consumption

13.0

13.3

14.1

15.0

15.8

16.6

17.7

18.7

19.3

19.9

20.6

21.2

21.4

21.7

22.1

22.7

8.7

8.9

9.2

9.7

10.2

11.0

12.0

12.4

12.9

13.5

14.1

14.6

15.0

15.5

16.0

4

Less: Capital consumption adjustment.

-4.3

-4.4

-4.8

-5.3

-5.6

-5.6

-6.3

-6.7

-6.9

-7.0

-7.2

-7.2

-6.8

—6.7

-6.6

-6.7

184.5

191.7

201.3

205.4

209.1

212.4

215.6

224.9

230.3

237.1

243 4

244 2

238.7

235.0

236 5

233 9

6

Less: Indirect business tax and nontax

16.4

16.9

17.5

17.7

18.0

18.1

18.4

19.3

19.3

20.0

20.4

20.7

20.8

21.2

21.7

21.6

7
o
9

TOiicinpc3 transfer navrnents
Qtatistipal discreD&ncv

.4
20

.5
10

.5
10

.5
-1.1

.5
0

.6
1.9

.6
2.3

.6
2.9

.7
—.5

.7
—2 1

.7
— 6

.7
—1 7

.7
—.2

.7
5

.8
1 6

.8
19

1.8

1.3

.2

.1

-.1

-.1

-.3

-.4

-.3

-.4

-.1

.1

-.2

-.2

-.2

-.3

3

Fnimlfl* Net national oroduct

Plus: Subsidies less current surplus of
government enterprises.

11.4

in

FVumlfl* National income

167 4

174.7

182 5

188.4

190.5

191.7

194.1

201.7

210 5

218 1

222 8

224 6

217 2

212 2

212 3

209 2

11

12.9

16.3

17.4

19.8

19.5

22.8

22.6

23.9

27.7

29.5

28.9

30.4

28.9

26.7

.27.9

24.5

12
13
14

Less: Corporate profits with inventory
valuation and capital consumption adjustments.
Net interest
Contributions for social insurance..
Wage accruals less disbursements..

1.5
6.2
.8

1.6
6.2
-.9

1.6
6.1
0

1.7
5.9
0

2.2
6.2
0

2.1
6.2
0

2.1
5.5
0

2.0
5.4
0

2.2
5.3
.1

2.1
5.3
.1

2 0
5.4
-.2

2 0
5.5
.1

2.1
5.9
.1

2.2
5.9
-.3

2 2
5.9
0

2 2
5.9
0

15

Plus: Government transfer payments to

11.8

11.0

10.6

9.9

10.1

9.9

13.8

10.9

11.0

10.8

10.5

10.2

11.0

11.6

12.1

12.4

6.1
1.5

6.4
1.6

6.6
1.6

6.7
1.7

7.2
2.2

7.3
2.1

7.3
2.1

7.4
2.0

7.7
2.2

7.6
2.1

7.6
2.0

7.8
2.0

8.0
2.1

8.2
2.2

8.3
2.2

8.5
2.2

4.1

4.1

4.1

4.1

4.2

4.2

4.2

4.2

4.2

4.2

4.2

4.3

4.3

4.3

4.3

16
17
18
19
20
21
22
23

"Pprsftnal interest income
-Net interest
Interest paid by government to
persons and business.
Less: Interest received by govInterest paid by consumers to
business.
Business transfer Davments
Enuals* Personal income

.6

.7

.8

.9

.9

1.0

1.1

1.1

1.3

1.4

1.5

1.5

1.6

1.7

1.8

1.9

5.1
4

5.5
.5

5.7
.5

6.1
.5

6.1
.5

6.4
.6

6.6
.6

6.5
.6

7.1
.7

6.7
7

7.1
7

7 4
7

7.2
.7

7.2
7

7.1
g

7.4
g

169.4

174.8

180.8

184.2

186.5

184.7

192.3

195.7

201.6

207.0

212.7

212.8

207.0

205.5

204.6

205.6

• Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

23

Personal Income: Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1972

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

448,881

486,465

505,978

523,292

563,817

594,738

635,743

688,110

752,996

796,312

868,465

935,541

44,079

46,109

47,712

49,062

50,503

52,237

54,553

57,483

61,734

67,015

73,783

82,490

90,827

98,779

105,364

117,064

134,033

2

37,013

39,333

41,519

43,321

47,918

50,814

53,989

57,745

62,042

66,836

72,055

78,765

84,075

89,989

99,520

107,416

116,303

3

-7,066

-6,776

-6,193

-5,741

-2,585

-1,423

-564

262

308

-179

-1,728

-3,725

-6,752

-8,790

-5,844

-9,648

-17,730

4

404,802

440,356

458,266

474,220

513,314

542,501

581,190

630,627

691,262

729,297

794,682

853,051

891,592

964,657 1,065,757 1,189,271 1,272,878

5

38,665

41,792

45,389

48,035

51,557

54,638

58,752

62,575

65,320

70,239

78,849

86,370

94,027

103,409

111,007

120,201

127,263

6

1,560
1,665

1,771
-220

1,974
-683

2,035
1,597

2,144
4,005

2,405
3,737

2,655
2,237

2,812
891

3,040
3,183

3,137
1,735

3,378
-631

3,838
-3,269

3, £83
-2,076

4,242
1,326

4,722
1,681

5,163
369

5,829
-624

7
8

1,083

70

422

1,683

1,758

1,120

1,658

1,610

2,496

1,619

1,332

1,817

2,716

2,387

3,588

3,712

697

9

363,995

397,083

412,008

424,246

457,366

482,841

519,204

565,959

622,215

655,805

714,418

767,929

798,374

858,067

951,935 1,067,250 1,141,107

10

37,482

48,244

46,580

46,901

54,862

59,606

66,989

77,096

82,538

79,261

85,793

81,445

67,891

77,198

92,081

100,172

91,279

11

8,020
15,208
0

8,806
18,006
0

9,760
21,058
0

11,234
21,936
0

12,765
24,335
0

14,331
27,313
0

15,913
28,663
0

18,529
30,024
0

21,900
38,824
0

24,279
43,385
0

26,779
48,053
0

30,807
54,895
0

37,549
58,712
0

42,775
64,844
582

47,028
73,594
4

56,260
91,483
-56

70,728
102,889
-530

12
13
14

24,341

25,209

26,966

30,782

31,626

33,433

34,775

37,602

41,627

49,458

56,542

62,674

75,898

89,869

99,377

113,483

134,530

15

18,777
8,020

20,919
8,806

23,284
9,760
J 9,808

24,628
11,234
9,586

27,132
12,765
10,434

30,152
14,331
11,177

33,257
15,913
12,028

37,187
18,529
12,6S8

41,816
21, COO
13,945

45,048
24,279
15,151

49,564
26,779
17,294

55,941
30,807
18,620

64,284
37,549
21,127

69,331
42,775
21,142

74,612
47,028
21,500

88,419
56,260
25,618

106,545
70,728
29,199

16
17
18

1958

6,010

1970

1971

1973*

1974*

Line

982,419 1,063,436 1,171,121 1,306,335 1,406,911

1

I 3,271

3,503

3,869

4,186

4,602

5,103

5,994

6,841

7,827

8,472

9,907

10,832

11,777

14,100

16, Oil

19

5,560

6,103

6,987

7,311

7,802

8,830

9,918

11,063

11, S65

12,459

13,318

14,686

15,515

16,246

17,861

20,641

22,629

20

11,304
1,560

12,171
1,771

12,8S0
1,974

13,347
2,035

14,410
2,144

15,504
2,405

17,325
2,655

19,120
2,812

19,439
3,040

20,103
3,137

21,943
3,378

22,592
3,838

22,884
3,S83

22,982
4,242

24,597
4,722

27,822
5,163

21
22

359,267

382,097

399,724

414,967

440,716

463,085

495,651

537,031

584,875

626,626

685,220

745,827

801,271

859,092

31,075
5,829
942,536 1,054,278 1,154,720

23

dollars]
1952

1951

1950

1953

1954

1955
Line

I

II

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

267.4

276.9

294.5

305.9

319.9

327.7

334.4

338.5

341.1

341.3

347.0

359.2

365.4

368.8

367.8

362.6

362.0

361.8

22.9

23.3

24.1

25.2

26.1

27.1

28.1

28.9

29.1

29.3

29.8

30.4

30.8

31.3

31.9

32.4

32.6

32.8

33.3

33.9

34.1

34.5

36.2

36.5

2

16.5

16.7

17.3

17.8

18.5

19.2

20.0

20.7

21.0

21.4

21.9

22.5

23.0

23.7

24.5

25.4

25.7

26.3

27.0

27.8

28.6

29.3

30.4

31.1

3

-6.4

-6.6

-6.8

-7.4

-7.6

-7.9

-8.2

-8.2

-8.1

-7.9

-7.9

-7.9

-7.9

-7.6

-7.4

-7.0

-6.9

-6.5

-6.3

-6.0

-5.5

-5.2 -5.8 -5.4

4

244.5

253.6

270.4

280.8

293.8

300.6

306.3

309.6

312.1

312.0

317.2

328.9

334.6

337.4

335.8

330.1

329.5

329.0 332.9

341.1

353.4

360.9 367.8 373.7

5

22.0

22.9

24.9

23.9

25.6

24.6

25.0

25.9

26.7

27.5

27.9

28.7

29.3

29.8

30.0

29.8

29.4

29.6

29.5

30.1

31.0

32.0

32.7

33.2

6

.8
4.0

.8
2.0

.8
1.3

.8
.9

.9
2.6

.9
4.3

1.0
5.5

1.0
3.4

1.0
3.6

1.0
1.6

1.1
2.1

1.1
3.0

1.1
3.3

1.3
3.2

1.2
2.6

1.2
4.3

1.1
3.5

1.1
3.0

1.0
3.2

1.1
2.3

1.1
3.6

1.2
1.9

1.3
2.4

1.3
1.4

7
8

.1

.1

0

.3

-.2

-.1

-.1

0

-.2

-.8

0

-.3

-.2

—.4

-.6

-.8

-.6

0

-2

-.5

-.2

.1 -.2

.2

9

217.8

228.0

243.5

255.4

264.6

270.7

274.7

279.3

280.6

281.1

286.1

295.8

300.6

302.8 301.5

294.0

294.9

295.4 299.0

307.2

317.5

325.9 331.2 338.0

10

28.0

31.6

36.0

39.0

38.0

37.8

38.0

38.8

36.5

34.2

33.6

37.6

38.4

37.7

36.5

29.4

31.9

33.3

34.9

38.3

43.6

44.8

44.7

45.9

11

2.2
6.8
0

2.2
6.8
0

2.3
7.1
0

2.3
7.5
.1

2.5
8.4
.2

2.6
8.5
-.1

2.8
8.4
.8

2.8
8.6
-.6

2.9
9.0
.1

3.0
8.9
.1

3.1
8.9
-.3

3.1
9.1
0

3.2
9.2
0

3.3
9.3
-.1

3.3
9.1
-.1

3.7
9.0
-.1

3.9
10.0
0

4.2
10.0
0

4.4
10.1
0

4.6
10.3
0

4.7
11.0
.1

4.8
11.3
.5

4.8
11.7
-.6

4.8
11.8
0

12
13
14

20.7

14.2

11.2

11.4

11.4

11.7

11.8

11.8

11.5

11.7

12.5

12.6

12.7

12.7

13.0

13.4

14.3

15.0

15.4

16.0

15.9

16.2

16.3

16.4

15

8.7
2.2

8.8
2.2

9.1
2.3

9.2
2.3

9.4
2.5

9.5
2.6

9.7
2.8

9.8
2.8

9.9
2.9

10.1
3.0

10.4
3.1

10.7
3.1

10.9
3.2

11.2
3.3

11.5
3.3

12.0
3.7

12.3
3.9

12.6
4.2

12.9
4.4

13.1
4.6

13.3
4.7

13.6
4.8

14.0
4.8

14.3
4.8

1
"

II
I

IV

366.2 375.0

I

II

I I IV
I

387.5 395.4 404.0 410.2

1

(

16
17
18

4.4

4.4

4.4

4.4

4.4

4.4

4.5

4.4

4.4

4.4

4.4

4.5

4.5

4.5

4.5

4.6

47
.

4.7

4.6

4.6

4.5

4.6

4.8

2.1

2.2

2.4

2.5

2.5

2.5

2.5

2.5

2.6

2.8

2.9

3.1

3.3

3.5

3.7

3.8

3.8

3.8

3.8

3.9

4.1

4.3

4.6

4.8

20

8.3
.8
219.1

8.3
.8
219.4

9.1
.8

9.5
.8

8.5
.9

8.4
1.0

8.5
1.0

8.0
1.0

8.5
1.0

8.5
1.1

8.7
1.1

8.4
1.1

9.1
1.3

9.0
1.2

8.8
1.2

9.3
1.1

8.7
1.1

9.1
1.0

9.2
1.1

9.8
1.1

9.9
1.2

10.5
1.3

10.7
1.3

21
22

228.2

237.4

8.3
.9
245.5

252.4

255.6

260.8

262.6

266.4

273.2 279.0

283.0

287.0

287.3

287.4

286.1

285.3

305.5 312.7 318.2

23

j




287.8 293.4 298.2

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

24

Table 1.9.—Relation of Gross National Product, Net National Product, National Income, and Personal Income:
[Billions of

I

3
4

-6.6

-6.9

-6.7

-7.2

-6.7

379.1

-6.9

-7.1

-6.8

-6.7

-7.2

-6.8

-7.0

-6.0

40.2

-6.6

-7.2

-5.5

39.5

37.7

36.4

33.2

39.2

37.1

35.6

32.7

38.4

36.6

34.8

32.2

46.9

36.6

34.0

31.9

493.5

46.4

45.4

43.3

41.0

486.5

476.0

44.9

435.8

43.1

438.9

40.4

45.8

466.3

44.3

442.8

42.4

430.9

39.4

489.9

453.1

43.7

448.2

41.6

422.4

38.3

IV

439.9

441.0

417.4

37.4

374.6

Gross national product
Less: Capital consumption allowances
with capital consumption adjustment.
Capital consumption allowances
without capital consumption
adjustment.
Less: Capital consumption adadjustment.

IV

in

IV

IV

II

III

1959
III

III

I

II
:

411.9

1
2

1958

1957

1956

Line

I

II

I

II

5

Equals: Net national product

383 0

390.5

397.9

399.4

405.9

399.8

392.5

396.2

408.8

421.4

430.6

444.1

440.1

446.6

6

Less: Indirect business tax and nontax
liability.
Business transfer payments
Statistical discrepancy.

33.8

34.4

35.4

36.6

37.0

37.4

37.9

37.6

37.8

38.3

38.7

39.9

40.5

41.0

42.5

43.2

1.3
—.3

1.4
—.8

1.4
—.8

1.5
— 3

1.5
—.6

1.5
1.3

1.6
.7

1.6
—.3

1.5
1.8

1.6
3.5

1.6
2.0

1.7
—.8

1.7
—1.0

.3

.7

.8

.5

1.1

.7

.5

.8

.8

1.3

1.5

.2

-.2

1.8
—.7
.1

1.9
1.6

Plus: Subsidies less current surplus of
government enterprises.

1.4
—.8
1.1

340.0

344 a

347 8

354.4

360 3

362.1

365.8

360.4

354.3

355.4

366.3

379.4

389.5

402.1

396.6

400.1

43.6

43.3

42.0

42.2

43.9

43.0

42.4

38.8

33.0

34.1

38.3

43.9

47.4

52.3

46.8

46.5

5.0
12.5
0

5.2
12.7
0

5.4
13.1
0

5.4
13.4
0

6.0
14.7
0

6.3
14.8
0

6.8
15.1
0

6.9
14.9
0

7.5
14.9
.6

7.8
14.9
.6

8.2
15.5
-1.3

8.6
15.5
0

8.7
17.7
0

8.7
18.1
0

8.8
18.1
0

9.1
18.2
0

7
8
9
10

Equals: National income

11

Less: Corporate profits with inventory
valuation and capital consumption adjustments.
Net interest
Contributions for social insurance..
Wage accruals less disbursements...

12
13
14
15

. . .

23

Equals: Personal income

19
20

16.8

17.1

17.6

17.8

18.7

20.0

20.2

21.6

22.9

24.7

25.1

24.7

24.9

24.9

25.2

25.9

14.7
5.0

15.2
5.2

15.5
5.4

16.0
5.4

16.5
6.0

17.1
6.3

17.7
6.8

18.1
6.9

18.2
7.5

18.3
7.8

19.0
8.2

19.5
8.6

19.9
8.7

20.5
8.7

21.2
8.8

22.1
9.1

4.9

5.0

5.4

5.2

5.3

5.4

5.7

5.2

5.0

5.3

5.4

5.5

5.8

6.2

6.5

5.0
10.9
1.3

5.1

5.1

5.2

5.3

5.4

5.5

5.6

5.6

5.5

5.5

5.6

5.7

6.0

6.2

6.5

10.9
1.4

11.0
1.4

11.4
1.4

11.5
1.5

11.7
1.5

11.8
1.5

11.5
1.6

11.4
1.6

11.4
1.5

11.3
1.6

11.0
1.6

11.7
1.7

12.1
1.7

12.4
1.8

12.5
1.9

322.6

21
22

Plus: Government transfer payments to
persons.
Personal interest income .
Net interest
Interest paid by government to
persons and business.
Less: Interest received by government.
Interest paid by consumers to
business.
Dividends
Business transfer payments

16
17
18

328.2

332.7

340.0

343.9

348.3

352.9

352.6

352.3

353.9

362.7

368.2

373.9

382.2

353.5

388.7

1"
I

1

Gross national product

2

Less: Capital consumption allowances
with capital consumption adjustment.
Capital consumption allowances
without capital consumption
adjustment.
Less: Capital consumption adadjustment.

4

..

5

Equals: Net national product

6

Less: Indirect business tax and nontax
liability.
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises.

7
8
9

1967

1966

Line

3

.2

733.7

747.6

59.8

60.8

60.3
.5

II

IV

III

][I

1968
IV

III

I

II

IV

III

771.7

r77.5

785.8

803.1

818.7

837.3

861.8

880.0

894.7

62.3

64.0

64.8

65.9

67.7

69.7

70.8

72.3

74.7

77.3

61.4

62.5

63.9

64.8

66.0

67.6

68.9

70.0

71.3

72.6

74.3

.6

.2

0

0

0

-.9

-.8

-1.0

-2.1

-3.1

759.0

.2

686.7

696.7

707.7

712.8

720.0

735.5

749.0

766.5

789.5

805.4

817.3

63.4

64.9

65.9

67.1

67.8

69.1

71.1

73.0

75.5

77.8

80.2

81.9

3.0
3.7
2.5

3.0
4.0
2.8

3.1
2.6
2.6

3.1
2.5
2.1

3.1
2.4
1.7

3.1
2.0
2.0

3.1
2.5
1.3

3.1
.1
1.4

3.2
-1.2
1.3

3.3
1.1
1.3

3.4
—.4
1.3

3.5
-2.0
1.5

673.9

10

Equals: National income

606 3

(J17 7

627.7

637.1

641.2

647.8

660.1

674.2

690.3

708.6

723.4

735.4

11

Less: Corporate profits with inventory
valuation and capital consumption adjustments.
Net interest
Contributions for social insurance..
Wage accruals less disbursements..

83.1

83.4

81.6

82.0

78.8

78.0

78.7

81.6

82.7

87.1

86.9

86.4

20.5
37.4
0

21.5
38.1
0

22.3
39.6
0

23.2
40.1
0

23.4
41.8
0

23.9
43.0
0

24.5
43.9
0

25.3
44.9
0

25.9
46.7
0

26.4
47.6
0

27.2
48.6
0

27.7
49.3
0

39.8

39.8

41.8

45.2

48.0

48.9

50.0

51.0

53.1

56.2

57.8

59.1

39.8
20.5
13.3

41.3
21.5
13.7

42.4
22.3
14.2

43.7
23.2
14.6

44.2
23.4
14.7

44.5
23.9
14.6

45.1
24.5
15.2

46.5
25.3
16.1

47.6
25.9
16.9

49.1
26.4
17.6

50.2
27.2
17.3

51.4
27.7
17.4

19

Plus: Government transfer payments to
persons.
Personal interest income.
Net interest
Interest paid by government to
persons and business.
Less: Interest received by gov-

5.6

5.9

6.1

6.3

6.3

6.4

7.1

7.6

8.0

8.0

7.8

7.5

20

Interest paid by consumers to

11.6

11.9

12.0

12.3

12.3

12.4

12.5

12.7

12.9

13.1

13.5

13.8

20.1
3.0

19.6
3.0

19.3
3.1

18.8
3.1

19.7
3.1

20.3
3.1

20.7
3.1

19.8
3.1

21.7
3.2

21.1
3.3

22.4
3.4

22.5
3.5

578.3

590.8

602.5

612.2

619.7

631.8

642.8

660.1

677.8

694.5

708.5

12
13
14
15
16
17
18

21
22
23

Dividends
Business transfer payments
Equals: Personal income




567.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

25

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

I960

1964

1963

1965
Line

I

IV

I

n

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

5C6.5 506.2

III

II

II

III

IV

504.6

507.1

518.2

527.2

540.7

553.0

562.1

567.8

572.3

580.2

587.9

600.5

610.4

622.4

632.4

642.1

646.0

665.4

47.2

47.5

47.9

48.3

48.4

48.8

49.3

49.8

50.0

50.2

50.7

51.2

51.5

51.9

52.5

53.2

53.5

54.0

54.9

55.8

56.2

56.8

57.8

59.1

2

40.9

41.3

41.8

42.1

42.6

43.2

43.5

44.0

47.0

47.5

48.2

48.9

49.4

50.5

51.2

52.2

53.0

53.4

54.4

55.1

56.1

57.2

58.5

59.2

3

-6.3

-6.2

-6.1

-6.2

-5.8

-5.6

-5.8

-5.8

-2.9

-2.7

-2.4

-2.3

-2.0

-1.4

-1.3

-1.0

-.6

-.6

-.4

-.7

-.1

.4

.7

.1

4

459.4

459.0

458.3

456.3

458.8

469.4

477.8

490.9

503.1

511.9

517.1

521.1

528.7

536.1

548.0

557.2

568.9

578.4

587.2

590.2

609.1

621.9 637.3 654.2

5

44.5

45.2

45.7

46.2

46.8

47.5

48.4

49.5

50.6

51.1

52.1

52.5

53.2

54.2

55.2

56.0

56.9

58.0

59.5

60.5

62.0

62.2

62.4

63.7

6

1.9
.4

2.0
-1.6

2.0
2.0

2.1
3.6

2.1
5.3

2.2
4.9

2.2
2.1

2.4
2.9

2.4
2.0

2.4
4.9

2.4
5.1

2.5
5.3

2.6
4.5

2.7
1.5

2.7
-2.3

2.8
-1.2

2.8
-.8

2.8
2.8

2.8
2.8

7
8

1.3

1.7

2.0
2.2
1.9

2.1
1.6

.3

2.0
-.8
.8

2.0
.5

.2

2.0
-.7
.4

1.8

1.8

2.0

1.6

1.6

.9

1.5

1.1

1.0

1.7

2.0

1.8

1.2

1.6

1.2

1.6

2.1

9

412.9

413.0

412.5

409.6

410.7

419.5

427.2

439.5

448.5

455.4

459.6

465.9

471.2

479.0

486.6

494.6

505.8

515.3

525.3

530.4

547.1

51.0

46.9

45.6

42.9

42.1

45.9

47.7

51.9

53.9

53.9

54.7

56.9

56.6

59.1

60.8

62.0

66.2

66.9

68.3

66.5

73.9

75.9

77.9

80.7

11

9.5
20.9
0

9.4
21.0
0

9.9
21.2
0

10.2
21.2
0

10.5
21.6
0

11.0
21.8
0

11.4
22.1
0

12.1
22.3
0

12.1
24.0
0

12.6
24.3
0

13.0
24.4
0

13.4
24.6
0

13.8
26.8
0

14.0
27.1
0

14.5
27.5
0

15.0
27.9
0

15.3
28.1
0

15.6
28.5
0

16.2
28.9
.1

16.5
29.2
-.1

17.6
29.3
0

18.3
29.7
0

19.0
30.2
0

19.2
30.9
0

12
13
14

25.8

26.5

27.3

28.3

30.1

31.0

31.2

30.7

31.3

31.2

31.7

32.3

33.7

32.9

33.2

33.9

34.9

34.5

34.8

35.0

36.3

36.0

39.6

38.6

15

23.0
9.5

23.1
9.4
10.0

23.3
9.9
9.7

23.7
10.2
9.5

23.8
10.5
9.3

24.3
11.0
9.5

24.8
11.4
9.7

25.6
12.1
9.8

25.8
12.1
10.1

26.7
12.6
10.3

27.6
13.0
10.6

28.5
13.4
10.7

29.0
13.8
10.8

29.6
14.0
11.0

30.5
14.5
11.3

31.5
15.0
11.6

32.0
15.3
11.8

32.8
15.6
12.1

33.7
16.2
12.1

34.5
16.5
12.1

35.6
17.6
12.4

36.8
18.3
12.7

37.8
19.0
12.7

38.6
19.2
12.9

16
17
18

6.7

3.3
6.9

3.3
7.1

3.3
7.2

3.3
7.3

3.5
7.3

3.6
7.3

3.7
7.4

3.7
7.5

4.0
7.7

3.9
7.9

3.8
8.1

3.9
8.4

4.1
8.7

4.3
9.0

4.4
9.3

4.6
9.4

4.7
9.7

4.7
10.1

4.5
10.4

5.0
10.6

5.3
11.0

5.1
11.3

5.0
11.4

19
20

12.7
1.9

12.8
2.0

13.1
2.0

13.0
2.0

13.0
2.0

13.1
2.0

13.4
2.0

13.9
2.1

14.0
2.1

14.4
2.1

14.6
2.2

14.7
2.2

15.1
2.4

15.4
2.4

15.6
2.4

16.6
2.5

17.2
2.6

17.5
2.7

18.9
2.8

19.4
2.8

401.6

402.3

405.6

411.3

417.5

425.5

431.8

439.0

443.5

448.6

454.2

459.0

465.6

482.2

491.4

500.5

20.0
2.8
529.5 543.5 556.0

21
22

400.0

18.0
2.7
508.5

18.2
2.8

395.0

16.0
2.4
473.6

506.6

j 10.0

1 3.2

1969

559.0 570.9 586.9

1973 *

1972

1971

1970

519.1

678.7 695.1 713.3

1

10

23

1974*
Line

I

II

913.0 929.0

III
946.9

953.3

I

IV

IV

I

II

III

IV

I

III

II

III

IV

964.2

976.5

992.6

996.3 ,034.0 ,056.2 ,072.4 1,091.2 ,127.0 ,156.7 1,181.4 1,219.4 1,265.0 ,287.8 ,319.7 1,352.7 ,370.9 1,391.0 1,424.4 1,441.3

I

II

III

IV

I

II

III

II

IV
1

79.0

81.0

83.7

86.3

87.7

89.4

91.8

94.3

96.1

97.5

99.6

101.9

101.5

106.7

105.3

108.1

111.0

115.3

118.3

123.7

126.9

131.1

136.1

142.1

2

76.1

78.0

79.8

81.2

81.7

83.2

85.0

86.4

87.8

89.1

90.8

92.2

95.5

100.2

99.9

102.5

103.8

107.0

107.6

111.2

112.4

114.8

117.5

120.6

3

-3.9

-5.2

-6.0

-6.2

-6.9

-7.9

-8.3

-8.4

-8.8

-9.7

-6.0

-6.4

-5.4

-5.6

-7.1

- 8 . 3 -10.6 -12.5 - 1 4 . 5 - 1 6 . 3 -18.6 -21.5

4

848. 1863.2

-2.9 -3.0

867.0

876.5

887.1

900.8

902.0

937.9

958.7

972.8

989.2 ,025.5 1,050.1 1,076.1 1,111.3 1,154.1 ,172.5 ,201.4 1,229.1 ,244.0 1,259.9 1,288.3 1,299.3

85.5

87.7

89.2

90.8

93.2

95.2

96.9

100.7

102.0

104.4

106.5

107.5

109.7

111.8

115.0

117.9

119.9

121.1

121.9

123.3

126.6

129.6

129.5

6

3.7
3.8
-1.5 -3.4
1.5
1.7

3.9
-2.9
2.0

4.0
-5.3
2.1

4.0
-3.9
2.3

3.9
-2.8
3.0

4.0
—1.5
2.7

4.1
-.1
2.8

4.1
1.1
3.0

4.2
3.3
2.6

4.3
2.8
2.0

4.4
-1.8
2.0

4.6
-3.0
2.7

4.7
2.3
3.8

4.8
4.0
4.3

4.9
3.4
3.6

5.0
3.2
3.1

5.1
—.9
4.5

5.2
1.0
4.0

5.4
-1.8
3.3

5.6
-6.2
1.0

5.8
-1.6
.5

5.9
2.4
.9

6.0
2.9
.4

7
8
9

750.2 763.8

991.7 1,031.2 1,052.9 1,078.1 [,106.8 ,122.3 1,129.6 1,151.3 1,161.3

10

834.0
83.1

5

776.5

781.2

787.9

795.7

805.8

804.0

835.0

851.8

863.4

882.1

919.1

937.2

959.8

86.0

84.2

81.0

74.6

68.9

68.9

69.4

64.4

73.9

77.5

77.5

79.9

86.8

89.9

92.6

99.0

101.9

99.6

98.9

100.4

99.6

94.3

89.2

82.0

11

29.0
53.1
0

30.2
54.3
0

31.4
55.7
0

32.6
56.6
0

34.4
57.9
2.5

36.7
58.6
-2.1

38.8
59.2

40.3
59.0
0

41.6
63.7
0

42.5
64.5
.2

43.2
65.3
.6

43.9
65.9
1.5

44.7
72.3
-1.4

46.0
72.8
—.4

47.7
74.1
-.2

49.6
75.2
2.1

51.9
88.8
0

54.3
90.5

57.6
92.4
0

61.3
94.2
0

64.8
100.2
0

68.7
101.9
-.6

72.7
104.4
-1.5

76.7
105.0
0

12
13
14

60.7

62.1

63.2

64.7

67.1

77.1

77.8

81.6

83.5

91.2

91.6

93.2

95.6

96.1

97.5 108.3

110.0

111.9

114.5

117.5

123.5

130.7

138.4

145.5

15

53.1
29.0
17.8

55.1
30.2
18.5

56.6
31.4
19.1

58.9
32.6
20.3

60.9
34.4
20.9

63.1
36.7
21.1

65.9
38.8
21.4

67.3
40.3
21.1

68.8
41.6
20.3

69.2
42.5
21.0

69.1
43.2
21.8

70.2
43.9
21.5

71.7
44.7
21.1

73.3
46.0
21.2

75.3
47.7
21.3

78.1
49.6
22.4

81.7
51.9
24.1

85.9
54.3
25.2

90.7
57.6
26.2

95.4
61.3
26.9

99.0
64.8
27.4

104.0
68.7
29.2

109.1
72.7
29.9

114.0
76.7
30.3

16
17
18

8.0

8.2

8.7

9.0

9.7

10.1

9.9

10.0

8.9

10.3

12.2

11.9

11.2

11.4

11.9

12.6

13.9

13.9

14.1

14.5

15.2

16.4

16.4

16.1

19

14.3

14.6

14.8

15.1

15.2

15.4

15.6

15.8

15.9

16.1

16.3

16.7

17.1

17.6

18.1

18.7

19.5

20.3

21.0

21.7

22.1

22.5

22.9

23.0

20

22.2
3.7

22.4
3.8

22.7
3.9

23.0
4.0

23.0
4.0

23.0
3.9

22.9
4.0

22.7
4.1

23.2
4.1

23.0
4.2

23.1
4.3

22.7
4.4

23.8
4.6

24.3
4.7

24.9
4.8

26.4
5.0

27.2
5.1

21
22

721.9 738.5

754.8

768.0

779.2

800.8

809.2

815.9

835.5

854.7

864.7

881.4

912.4

927.2

948.0

31.7
31.7
30.9
5.9
6.0
5.8
982.6 1,011.6 1,039.0 1,067.8 1,098.8 1,115.9 1,136.6 1,171.6 1,194.8




25.4
4.9

28.1
5.2

29.5
5.4

30.0
5.6

23

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

26

Table 1.10.—-Relation of Gross National Product, Net National Product, and National Income in Con[BiUionsof
1946

Line

1947

1948

1949

1950

1951

1953

1952

1954

1955

1956

477.0

Residual i .
Equals: National income..

490.7

533.5

576.5

598.5

621.8

613.7

654.8

668.8

680.9

38.9

41.2

43.5

46.0

48.2

50.7

52.8

55.0

57.1

59.2

432.1

448.8

449.4

489.9

530.5

550.3

571.2

560.9

621.8

44.2

45.3

48.4

50.2

51.9

54.1

55.1

599.8
58.3

611.7

41.6

43.1

60.4

62.3

—3.0

Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
enterprises.

487.7

36.2

—1.9

—1.7

1.8

3.8

5.5

5.7

73
.

62
.

48
.

—.9

404.7

Equals: Net national product

468.3

33.8

443.3

Gross national product

Less: Capital consumption allowances
with capital consumption adjustment.

390.8

406.3

402.4

437.7

474.8

492.7

509.7

499.6

536.7

552.2

1947

1948

1949

II
.

Less: Capital consumption allowances
with capital consumption adjustment.
Equals: Net national product

Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
enterprises.
Residual iEquals: National income.

III

IV

467.5

468.0

473.7

35.2

35.7

36.5

37.4

428.9

431.8

431.4

42.3

43.2

43.3

464.0

II

III

IV

486.0

490.8

495.9

37.9

38.5

39.2

40.0

436.3

439.4

447.5

451.6

43.7

43.9

44.0

44.2

477.3

560.2

1950

Line

Gross national product

1957

II

III

IV

490.9

488.9

493.4

489.2

40.3

40.8

41.5

42.2

455.9

450.6

448.1

451.9

44.4

44.6

45.0

45.5

II

III

IV

511.5

525.1

542.4

554.6

42.6

43.1

43.8

44.6

447.0

468.9

482.0

498.5

510.0

46.1

46.7

47.8

49.7

49.4

-5.6

-2.3

-1.0

1.5

-2.6

-3.5

.3

-1.1

.6

1.1

2.4

3.0

7.2

3.9

2.6

1.7

392.2

390.9

389.1

391.1

398.1

406.9

407.0

412.6

405.4

402.0

404.0

398.0

415.0

430.3

446.2

458.9

1957

1958

1959

Line
II
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment.
Equals: Net national product
Less: Indirect business tax and nontax liability plus business transfer payments less subsides plus current surplus of government enterprises.
Residual^
Equals: National income

III

II

IV

Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current surplus of government enterprises.
Residual*
Equals: National income..

IV

685.6

676.7

663.4

668.2

684.4

702.1

710.7

726.3

718.6

726.2

58.8

59.4

59.9

60.2

60.6

61.1

61.6

61.8

62.1

62.6

63.2

622.0

622.1

626.3

616.8

603.2

607.6

623.3

640.5

648.9

664.2

656.0

663.0

61.7

62.0

62.6

62.9

62.1

62.5

63.2

64.0

65.1

65.9

66.7

67.3

-1.5

-2.4

.5

.4

.1

4.2

7.5

5.9

1.9

1.6

2.0

5.2

561.8

562.5

563.2

553.5

541.0

540.9

552.6

570.6

581.9

596.7

587.2

590.6

1967
III

IV

II

III

IV

II

III

IV

969.6

976.3

985.4

992.8

994.4

1,001.3

1,013.6

1,021.5

1,031.4

1,049.4

1,061.8

1,064.7

78.1

79.1

80.5

81.9

82.6

83.4

84.7

86.0

86.7

87.6

88.9

90.3

891.5

897.1

904.9

910.9

911.8

917.9

928.9

935.5

944.7

961.9

972.9

974.3

88.1

89.0

90.2

90.9

91.2

92.0

92.7

93.7

95.0

96.1

97.7

98.4

2.9

3.6

2.3

2.6

3.0

2.8

3.4

.2

-1.8

.5

-1.8

-4.1

800.5

804.6

812.4

817.4

817.6

823.1

832.8

841.6

851.4

865.3

877.0

880.1

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY O? CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Beginning with 1947, the annual estimates equal GNF in constant dollars measured as

the sum offinalproducts less GNP in constant dollars measured as the sum of gross product




III

680.9

II

Equals: Net national product

II

58.4

1966

Less: Capital consumption allowances
with capital consumption adjustment.

IV

680.4

Line

Gross national product

III

by industry. The quarterly estimates are obtained by interpolating the annual estimates
with the statistical discrepancy deflated by the implicit price deflator for gross domestic
business product. The annual estimate for 1946 equals the deflated statistical discrepancy
adjusted for the difference in 1947 between the residual and the deflated statistical discrepancy.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

27

stant Dollars: Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1967

1968

1969

1970

1971

1972

1973*

1974*

981.0

1,007.7

1,051.8

1,078.8

1,075.3

1,107.5

1,171.1

1.233.4

1,210.7

79.9

84.2

88.4

92.9

97.5

101.6

105.4

110.9

116.7

850.0

901.1

923.5

963.4

985.9.

977.8

1,005.9

1,065.8

1,122.5

1,094.0

85.0

89.5

92.4

96.8

100.2

102.4

106.2

112.1

117.8

117.7

1965

1966

874.4

925.9

72.7

75.9

760.6

801.6

76.8

1962

80.5

1964

I960

1961

720.4

736.8

755.3

799.1

830.7

62.4

64.3

66.1

68.0

70.2

618.6

658.0

672.5

689.2

731.2

63.0

66.3

68.2

69.8

73.7

4.4

2.7

18
.

5.1

4.8

3.6

4.0

-.4

2.8

2.4

-1.8

-5.9

-4.2

-.1

1.7

4.0

2.9

589.1

602.5

614.3

652.7

680.1

717.1

765.5

808.7

828.8

868.5

891.6

879.5

899.9

951.9

1,000.7

973.4

1959

1958
679.5

551.2

1951

1963

1953

1952

II

III

IV

562.4

573.2

584.7

585.7

45.1

45.6

46.4

47.1

517.3

527.6

538.3

50.2

49.7

50.1

1954

II

III

IV

622.2

626.2

622.4

616.4

608.1

49.7

50.3

51.0

51.7

52.0

52.4

563.2

572.4

576.0

571.5

564.8

556.0

53.3

53.6

54.1

54.3

54.4

54.3

II

III

IV

591.3

592.1

598.3

612.5

47.4

47.8

48.5

49.2

538.6

543.9

544.3

549.8

50.7

51.0

51.5

51.8

II

1955
III

IV

614.4

626.1

53.0

53.7

553.2

561.4

54.7

55.2

Line

1956

II

III

IV

641.1

650.8

660.3

667.0

664.1

54.0

54.4

55.7

55,8

56.2

572.4

587.1

596.4

604.6

611.2

607.9

56.2

57.1

57.9

58.8

59.6

59.7

Line

II

III

IV

667.5 667.9 675.7
56.7

57.4

58.1

610.7 610.4 617.6
60.5 61.3

60.1

3.6

5.9

7.8

4.8

6.2

4.0

5.5

7.2

7.5

7.2

6.1

8.6

7.1

6.2

6.6

5.0

7.0

4.3

5.0

3.0

.2

- . 8 -1.2 -1.6

463.5

472.1

480.3

483.0

486.8

488.9

492.4

502.7

511.3

514.7

511.0

501.8

494.6

492.3

499.6

511.2

523.1

534.1

540.8

548.6

548.0

551.4 551.2 558.0

1960

1962

1961
II

III

IV

736.6

749.0

758.7

776.9

65.3

65.8

66.4

66.9

666.8

671.3

683.2

692.3

68.7

68.7

70.0

II

III

IV

740.7

738.9

735.7

731.9

63.5

64.0

64.6

65.1

677.1

674.9

671.1

67.6

68.1

1963

II

III

798.3

804.3

805.8

67.2

67.6

68.2

720.9

730.7

736.1

737.0

71.3

72.2

73.0

74.2

III

IV

I

II

III

IV

823.7

838.8

846.9

861.1

872.0

880.5

883.9

903.0

69.8

70.5

71.2

71.7

72.3

73.1

74.0

75.0

744.2

754.0

768.3

775.7

789.4

799.7

807.4

810.0

828.0

75.7

76.4

77.3

78.0

79.1

79.7

81.3

82.0

83.2

68.8

710.0

1965

II

IV

788.1

1964

75.4

813.5

II

Line
III

916.4 932.3 952.0
75.3

76.1

85.4 86.9

84.3

3.4

1.8

.5

1.6

3.9

6.2

5.9

4.3

5.8

6.9

5.3

1.1

2.0

1.0

5.3

6.2

7.4

7.2

3.4

-2.1

-1.9

-2.5

605.1

602.3

5%. 5

598.7

607.7

616.5

634.5

642.9

650.8

656.6

660.5

666.5

676.6

685.8

191.5

702.9

712.9

722.7

730.0

746.6

759.3

1971

II

III

IV

II

III

II

IV

1972
III

IV

II

1,074.8 1,079.6 1,083.4 1,077.5 1,073.6 1,074.1 1,082.0 1,071.4 1,095.3 1,103.3 1,111.0 1,120.1 ,141.
51,141.21
91.1

92.1

93.5

94.9

95.8

96.8

98.1

99.4 100.4 100.9 101.9 103.2

983.7

987.5

989.9

982.5

977.8

977.3

983.9

972.0

99.0

99.8

100.6

101.4

101.6

102.0

103.0

103.2

IV

II

1.4

1.4

769.4 786.6
1974*

III

IV

II

III

IV

i.O 1,178.0 1,202.2 1,227.7 1,228.4 1,236.5 1,240.9 1,228.7 1,217.2,1,210.2 1,186.8
21
107.1

104.8

106.0 108.2 110.8 111.3 113.4 114.2 116.0 117.4 119.2

994.9 1,002.4 1,009.1 1,017.4 1,037.7 1,055.91,073.2 1,096.2 1,119.5 1,117. 61 ,125.2 1,127.5 1,114.4 1, 101.2 1,092.8 1,067.6
1,119.
I
104.6 105.4 106.6 108.1 109.0 111.3 113.0 115.3 116.5 117.5 118.5 118.7 117.7 117.7 117.9 117.6

-3.

-6.1

-5.6

-8.2

-6.4

-5.0

-3.4

-1.8

-.6

888.4

893.8

894.9

889.3

882.6

880.3

884.3

870.7

890.9




103.5

1973*
III

77.2

841.1 856.2 874.8

606.2

1970

IV

1.7

1.4

-2.9

-3.9

1.7

4.2

4.6

5.5

901.1

912.2

932.6

942.9

955.9

976.3

997.5

2.7

-1.5

2.3

5.4

5.6

997.5 1,001.6 1,006.1

998.2

981.2

969.5

944.5

2.6

5.1

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

28

Table 1.11.—Net National Product and National Income by Sector and Industry:
[Billions of
1946

Line
1
2
3

1947

1949

1948

1950

1951

1952

1953

1954

1955

1956

1957

195.7

238.8

236.1

262.3

302.6

317.6

534.5

333.2

364.0

381.8

214.6

237.6

234.9

261.0

301.1

316.1

333.0

331.4

362.0

379.7

398.5

169.9

192.8

214.6

209.5

233.7

266.8

277.7

293.3

290.8

318.7

333.3

348.8

151.5

Business

215.6

195.2

Net national oroduct
Net domestic product

194.3
70.9
123.4
7.0
116.4
21.5
—1.2

191.9
67.9
124.0
8.3
115.8
16.6
1.0

214.2
79.3
134.9
9.5
125.5
17.5
2.0

242.8
93.3
149.5
10.6
138.9
20.0
4.0

256.0
97.2
158.8
12.4
146.4
19.1
2.7

272.9
106.0
166.8
14.5
152.4
17.0
3.3

271.5
99.9
171.6
16.4
155.2
16.3
3.0

301.0
114.0
186.9
17.7
169.3
15.3
2.5

319.0
119.0
200.0
19.1
180.9
15.1
—.8

334.0
122 8
211.2
21.0
190 2
14.7
.2

400.8

Statistical discrepancy.

17.7
.7

172.2
62.9
109.2
6.3
102.9
18.8
1.8

11

Households and institutions

4.5

5.1

5.6

5.9

6.4

6.9

7.2

7.8

8.1

9.1

9.8

10.6

12

Government

20.8

16.7

17.4

19.4

20.9

27.4

31.2

31.9

32.5

34.2

36.6

39.1

13

Rest of the world

4
5
7
8
9
10

14
16
16
17
18
19
20
21
22

Nonfarm
Manufacturing _ .
NonmanufacturinK
Housing
Other

..

Farm

.5

1.5

1.5

1.8

2.0

2.2

2.3

272.3

285.8

299.7

299.1

328.0

346.9

362.3

193.6

217.8

211.5

234.9

270.8

284.4

298.2

297.3

326.0

344.7

360.0

171.8

194.8

186.2

207.6

236.5

246.0

258.5

256.8

282.8

298.3

310.3

153.3
66.9
96.5
4.2
92.3
18.4

173.8
64.6
109.2
4.7
104.5
21.0

170.2
61.4
108.8
5.7
103.0
16.0

190.7
72.2
118.5
6.7
111.7
16.9

217.1
85.8
131.3
7.6
123.7
19.4

227.6
88.6
139.0
9.0
130.0
18.4

242.2
96.8
145.4
10.7
134.7
16.3

241.2
91.2
150.0
12.4
137.6
15.6

268.3
104.3
163.9
13.2
150.7
14.5

283.8
108.9
175.0
14.1
160.9
14.5

295.8
112.1
183.7
15.5
168.3
14.5

17.9
4.5

5.1

5.6

5.9

6.4

6.9

7.2

7.8

8.1

9.1

9.8

10.5

20.8

16.7

17.4

19.4

20.9

27.4

31.2

31.9

32.5

34.2

36.6

39.1

.5

Government

26

1.5

236.2

_.

Households and institutions

24

1.3

212.7

134.6

Nonfarm

23

1.1

219.0

177.8

-

Business

Nonmanufacturing
Housing. _
Other
Farm

1.2

194.6

152.5

Domestic income

Manufacturing

.9

178.3

National income

.9

1.2

1.1

1.3

1.5

1.5

1.5

1.8

2.0

2.2

2.3

Rest of the world

I
1
2
3
4
5
6
7
8
9
10
11

Business

Nonfarm
Manufacturing

NonmanufacturiTiig
Housing
Other
Farm
Statistical discrepancy
Households and institutions

12

Government

13

National income
Domestic income...

...

IV

191.7

201.3

184.0

191.2

200.8

154.1

166.3

136.6

I

II

III

IV

I

II

III

IV

I

II

III

IV

205.4

209.1

212.4

215.6

224.9

230.3

237.1

243.4

244.2

238.7

235.0

236.5

233.9

204.7

208.2

211.5

214.7

223.9

229.2

235.9

242.2

243.0

237.5

233.8

235.3

232.8

177.4

181.7

186.0

189.2

193.5

202.3

207.3

213.5

218.7

218.7

212.7

208.7

210.0

206.6

148.9

157.2

163.1

165.8

170.1

172.7

179.9

188.0

192.6

197.0

199.6

195.5

191.4

192.5

188.6

15.6
2.0

16.4
1.0

19.2
1.0

19.7
-1.1

20.1
0

17.1
1.9

18.5
2.3

19.5
2.9

19.8
-.5

23.0
-2.1

22.3
-.6

20.8
-1.6

17.5
-.2

16.8
.5

15.9
1.5

16.1
1.9

4.5

4.3

4.4

4.8

4.6

5 1

5.4

5.4

5.3

5.5

5.8

5.7

5.8

5.9

5.8

6.2

19.5

20.0

15
16
17
18
19
20
21
22

Business
Nonfarm

\ f annfftfttnrin «r

Nonmanufacturing
Housing
Other
Farm

23

Households and institutions

24

Government

25

Rest of the world

25.4

20.6

18.9

18.3

167.4

174.7

182.5

188.4

167.0

174.2

182.0

187.7

137.1

149.3

158.7

164.7

17.6




15.9

16.2

16.5

16.9

17.7

19.0

19.2

1.1

1.2

1.2

1.2

1.2

1.2

1.0

210.5
209.4

218.1
216.9

1.2
222.8

217.2
216.0

212.2
211.1

212.3
211.1

209.2
208.2

191,7

194.1

189.6

190.8

193.2

201.7
200.7

221.6

224.6
223.4

167.3

1
L68.5

171.9

179.1

187.5

194.5

198.1

199.1

191.2

186.0

185.7

182.0

147.4

151 7

153.9

160.1

168.5

172.4

176.0

178.3

174.4

169.9

170.4

166.2

15.8

190.5

121.2

132.6

139.6

1448

15.9

16.7

19.1

19.9

20.0

16 8

18.0

18.9

19.0

22.1

22.1

20.8

16.8

16.0

15.3

4.5

4.3

4.4

4.8

4.6

5.1

5.4

5.4

5.3

5.5

5.8

5.7

5.8

5.9

5.8

6.2

25.4

20.6

18.9

18.3

17.6

17.1

15.9

16.2

16.5

16.9

17.7

18.5

19.0

19.2

19.5

20.0

.5

.5

.5

.7

.9

.9

.9

1.0

1.1

1.2

1.2

1.2

1.2

1.2

1.2

1.0

• Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

17.1

18.5

1.0

Rest of the world

14

.

III

184.5

Net national product
Net domestic product

n

1949

1948

1947

1946

Line

NOTE.—The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification beginning with 1948 and on the
1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

29

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1959

1958

1962

1961

1960

1965

1964

1963

1966

1967

1969

1968

1970

1971

1972

1973*

1974*

Line

404.8

440.4

458.3

474.2

513.3

542.5

581.2

630.6

691.3

729.3

794.7

853.1

891.6

964.7

1,065.8

1,189.3

1,272.9

402.6

437.9

455.8

471.1

509.7

538.8

576.8

625.9

687.1

724.7

789.9

848.6

887.0

958.0

1,058.7

1,180.2

1,258.5

2

349.0

381.6

394.8

406.2

439.9

464.2

496.2

539.1

589.4

615.6

668.4

715.6

740.6

798.1

884.1

990.7

1,052.5

3

330.4
114.8
215.6
22.8
192.7
17.0
1.7

366.8
131.5
235.3
24.8
210.5
15.1
—.2

379.4
134.3
245.0
26.9
218.1
16.1
—.7

388.5
134.1
254.5
29.5
225.0
16.1
1.6

419.7
147.5
272.2
32.3
239.9
16.2
4.0

444.4
156.1
288.3
34.8
253.5
16.1
3.7

479.2
168.0
311.3
37.2
274.1
14.7
2.2

521.1
185.0
336.1
40.3
295.8
17.2
.9

568.3
203.5
364.8
43.5
321.3
17.9
3.2

597.2
207.6
389.6
47.2
342.4
16.7
1.7

652.2
227.0
425.2
49.5
375.8
16.8
—.6

699.9
238.1
461.8
52.8
409.0
19.0
—3.3

723.2
232.2
491.0
57.4
433.6
19.5
—2.1

776.1
241.9
534.1
62.8
471.3
20.7
1.3

857.8
268.1
589.8
68.8
521.0
24.6
1.7

948.3
295.5
652.9
73.8
579.0
42.0
.4

1,014.7
300.8
713.8
80.0
633.9
38.5
—.6

4
5
6
7
8
9
10
11

1

11.4

12.3

13.8

14.4

15.5

16.6

17.8

19.2

21.1

23.9

26.4

29.2

31.6

34.7

37.2

40.4

44.8

42.1

44.0

47.1

50.5

54.3

58.0

62.9

67.6

76.5

85.1

95.2

103.7

114.7

125.2

137.4

149.1

161.1

12

2.2

2.4

2.5

3.1

3.6

3.7

4.3

4.7

4.2

4.6

4.8

4.5

4.6

6.6

7.0

9.0

14.4

13

364.0

397.1

412.0

424.2

457.4

482.8

519.2

566.0

622.2

655.8

714.4

767.9

798.4

858.1

951.9

1.067.3

1,141.1

14

361.8

394.7

409.5

421.2

453.8

479.2

514.9

561.3

618.0

651.2

709.7

763.5

793.8

851.5

944.9

1,058.2

1,126.7

15

308.2

338.3

348.6

356.2

384.0

404.6

434.2

474.5

520.3

542.2

588.1

630.5

647.4

691.6

770.3

868.7

920.8

16

291.3
104.3
187.1
16.8
170.3
16.8

323.9
120.2
203.6
18.2
185.4
14.5

333.1
122.1
211.0
19.6
191.4
15.5

340.1
121.6
218.6
21.4
197.2
16.1

367.6
134.3
233.3
23.6
209.7
16.4

388.3
142.1
246.3
25.1
221.2
16.2

419.0
153.0
266.0
26.7
239.3
15.2

456.6
169.5
287.1
28.8
258.3
17.9

501.2
188.3
312.8
31.2
281.7
19.2

524.4
192.1
332.3
33.4
298.9
17.8

570.1
209.8
360.3
34.0
326.4
18.0

610.0
219.8
390.3
35.6
354.7
20.4

626.6
213.2
413.4
38.0
375.4
20.8

670.1
222.3
447.8
41.6
406.2
21.5

744.3
248.5
495.8
46.8
449.0
26.0

826.5
274.6
552.0
50.0
501.9
42.1

884.0
280.0
604.1
55.0
549.1
36.7

17
18
19
20
21
22

11.4

12.3

13.8

14.4

15.5

16.6

17.8

19.2

21.1

23.9

26.4

29.2

31.6

34.7

37.2

40.4

44.8

23

42.1

44.0

47.1

50.5

54.3

58.0

62.9

67.6

76.5

85.1

95.2

103.7

114.7

125.2

137.4

149.1

161.1

24

2.2

2.4

2.5

3.1

3.6

3.7

4.3

4.7

4.2

4.6

4.8

4.5

4.6

6.6

7.0

9.0

14.4

25

1952

1951

1950

1953

1954

1955

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

244.5

253.6

270.4

280.8

293.8

300.6

306.3

309.6

312.1

312.0

317.2

328.9

334.6

337.4

335.8

330.1

329.5

329.0

332.9

341.1

353.4

360.9

67.8

73.7

1

243.3

252.4

268.9

279.3

292.5

299.1

304.7

307.9

310.6

310.6

315.7

327.4

333.1

335.8

334.4

328.6

327.7

327.3

331.2

339.1

351.4

359.0

65.8

71.7

2

217.3

226.2

241.5

249.7

260.5

265.4

269.3

271.8

273.3

272.4

276.8

288.4

293.7

295.9

294.5

288.9

288.1

287.1

290.4

297.5

309.6

316.0

22.1

27.1

3

196.7

207.6

222.5

229.8

238.4

241.0

243.9

248.1

250.9

251.5

254.0

267.9

272.8

275.8

275.3

267.7

267.4

268.3

270.8

279.6

290.4

298.5

04.5

10.9

16.5
4.0

16.5
2.0

17.7
1.3

19.0
.9

19.6
2.6

20.1
4.3

19.9
5.5

20.4
3.4

18.8
3.6

19.3
1.6

20.7
2.1

17.4
3.0

17.7
3.3

17.0
3.2

16.6
2.6

16.9
4.3

17.1
3.5

15.9
3.0

16.4
3.2

15.6
2.3

15.6
3.6

15.6
1.9

15.1
2.4

14.9
1.4

4
5
6
7
8
9
10

6.3

6.3

6.4

6.7

6.9

6.8

6.9

8.0

7.8

7.7

7.9

8.1

8.6

8.6

8.8

9.2

9.7

11

19.7

19.9

21.0

22.9

25.1

26.8

28.5

29.1

30.3

31.1

31.6

31.7

31. 8

32.1

32.0

31.9

31.9

32.3

32.7

33.0

33.2

34.2

34.5

34.9

12

1.2

1.2

1.5

1.4

1.3

1.5

1.6

1.7

1.5

1.5

1.5

1.4

5

1.6

1.5

1.6

1.7

1.7

1.8

2.0

2.0

1.9

2.0

2.0

13

217.8

228.0

243.5

255.4

264.6

270.7

274.7

279.3

280.6

281.1

286.1

295.8

30C1.6

302.8

301.5

294.0

294.9

295.4

299.0

307.2

317.5

325.9 131.2 338.0

14

216.6

226.7

242.0

254.0

263.3

269.1

273.2

277.7

279.1

279.7

284.6

294.3

29!>.2

301.2

300.0

292.4

293.1

293.7

297.2

305.2

315.5

324.0 129.2 336.0

15

190.6

200.5

214.6

224.4

231.3

235.4

237.8

241.5

241.8

241.5

245.7

255.3

251).8

261.3

260.1

252.8

253.5

253.5

256.4

263.6

273.7

281.0 285.5 291.4

16

174.3

184.5

197.5

206.2

212.3

216.1

218.4

221.7

223.8

222.9

225.5

238.5

24;J.O

245.0

244.3

236.5

236.8

238.4

240.8

248.7

258.9

266.3 271.2 277.2

16.2

16.1

17.1

18.2

19.0

19.4

19.3

19.8

18.0

18.6

20.1

16.8

16.8

16.3

15.9

16.3

16.7

15.1

15.6

14.9

14.9

14.7

14.3

14.2

17
18
19
20
21
22

6.3

6.3

6.4

6.7

6.9

6.8

6.9

7.0

7.0

7.1

7.4

7.4

7.5

7.8

8.0

7.8

7.7

7.9

8.1

8.6

8.6

8.8

9.2

9.7

23

19.7

19.9

21.0

22.9

25.1

26.8

28.5

29.1

30.3

31.1

31.6

31.7

31.8

32.1

32.0

31.9

31.9

32.3

32.7

33.0

33.2

34.2

34.5

34.9

24

1.2

1.2

1.5

1.4

1.3

1.5

1.6

1.7

1.5

1.S

1.5

1.4

1.5

1.6

1.5

1.6

1.7

1.7

1.8

2.0

2.0

1.9

2.0

2.0

25




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

30

Table 1.11.—Net National Product and National Income by Sector and Industry: Annually,
[B illions o f
1956

II

1957

III

IV

III

IV

397.9

399.4

405.9

399.8

395.7

396.8

403.4

397.9

347.3

347.6

353.0

347.4

374.6

3S0.7

331.1

333.7

340.9

312.7

317.1

319.1

326.5

333.2

14.9
-.3

Nonfarm
Manufacturing
Nonmanufacturing..
Housing
Other
Farm
Statistical discrepancy-

379.1
376.9

327.3

Business

390.5

II

372.2

Net national product.
Net domestic product

1958

14.8
-.8

15.3
-.8

15.2

14.4
-.3

-.8

II

III

392.5

396.2

408.8

421.4

430.6

390.4

393.9

406.5

419.0

428.3

338.6

340.6

352.2

364.2

373.0

14.4
-.6

345.5

15.1

17.1
-.3

17.0
1.8

17.0
3.5

16.7
2.0

10.2

10.4

10.7

38.2

38.9

39.7

2.3

2.6

2.5

360.3

362.1

365.8

358.0

359.6

363.3

309.6

310.3

313.0

295.6

296.1

298.1

9.6
37.1

Rest of the world

2.3

2.2

2.3

340.0

344.8

347.8

337.7

342.5

345.5

292.7

296.7

298.5

278.5

282.5

283.5

14.2

14.2

14.9

14.8

14.0

14.2

14.9

14.9

17.2

16.8

9.5

9.6

9.9

10.2

10.2

10.4

10.7

10.7

11.0

11.6

35.4

36.2

37.1

37.6

38.2

38.9

39.7

39.8

40.7

41.7

2.3

2.2

2.3

1.8

2.3

2.6

2.5

1.9

2.1

2.2

National income
Domestic income

Business
Nonfarm
Manufacturing
Nonmanufacturing_.
Housing
Other
Farm
Households and institutions.
Government

—

Rest of the world

354.4
352.6
304.8
290.0

443.9
386.4

15.9
-.8

.7

36.2

1.8

446.6

357.9

14.9
1.3

440.1
437.7
381.1

331.7

IV

444.1

321.8

III

441.8

321.8

9.5

37.6

II

331.6

35.4

10.2

IV

336.9

Government

Households and institutions.

1959

10.7
39.8
1.9
360.4
358.5
308.0
293.1

1966

371.8

367.3

14.4

15.1
-1.0

370.0

14.7
1.6

-.7

11.0

11.6

11.5

11.6

11.8

12.1

40.7

41.7

42.8

43.3

43.5

43.8

2.1

2.2

2.3

2.3

2.3

2.2

354.3

355.4

366.3

379.4

389.5

402.1

352.2

353.1

364.0

377.0

387.2

399.9

300.4

299.8

309.7

322.2

331.9

343.9

283.3

283.0

293.0

305.5

316.4

329.3

16.7

16.7

15.5

14.7

13.7

14.1

11.5

11.6

11.8

12.1

12.5

13.0

42.8

43.3

43.5

43.8

44.2

44.6

2.3

2.3

2.3

2.2

2.5

2.7

12.5
44.2
2.5
396.6
394.2
337.5

13.0
44.6
2.7
400.1
397.4
339.9
325.8

1967
IV

III

II

III

IV

II

III

IV

673.9

686.7

696.7

707.8

712.8

720.0

735.5

749.0

766.5

789.5

805.4

817.3

669.7

682.5

692.6

703.5

708.7

715.9

730.6

743.8

762.1

784.4

800.5

812.7

576.5

586.9

593.0

601.1

603.7

608.5

620.4

630.0

645.1

664.3

676.8

687.4

Nonfarm
Manufacturing
Nonmanufacturing-..
Housing...
Other
Farm
Statistical discrepancy..

553.0

565.2

573.0

582.2

585.1

590.0

600.8

612.9

629.8

647.2

19.7
3.7

17.8
4.0

17.5
2.6

16.4
2.4

16.2
2.4

16.6
2.0

17.2
2.5

17.0
.1

16.5
-1.2

16.0
1.1

16.9
-.4

17.7
-2.0

Households and institutions.

20.3

20.6

21.6

22.2

22.9

23.7

24.3

24.9

25.5

26.3

26.6

27.1

Government

72.9

75.0

78.0

80.2

82.0

83.7

85.9

89.0

91.4

93.9

97.1

98.3

Rest of the world

4.2

4.2

4.1

4.3

4.1

4.1

4.9

5.2

4.4

5.2

4.8

4.6

606.3

617.7

627.7

637.1

641.2

647.8

660.1

674.2

690.3

708.6

723.4

735.4

602.1

613.4

623.7

632.9

637.1

643.7

655.2

669.0

685.9

703.4

718.6

73Q.8

508.9

517.8

524.1

530.5

532.1

536.3

545.0

555.2

568.9

583.3

594.8

605.4

505.2

512.5

514.9

518.8

526.9

537.0

551.3

566.0

576.6

586.4

18.3

19.0

Net national product..
Net domestic product
Business

National income
Domestic income
Business
Nonfarm

Manufacturing
Nonmanufacturing.
Housing
Other
Farm

488.3

20.7

19.2

18.9

17.9

17.3

17.6

18.1

18.2

17.6

17.3

Households and institutions.

20.3

20.6

21.6

22.2

22.9

23.7

24.3

24.9

25.5

26.3

Government

72.9

75.0

78.0

80.2

82.0

83.7

85.9

89.0

91.4

Rest of the world

4.2

4.2

4.1

4.3

4.1

4.1

4.9

5.2

4.4




671.7

97.1
5.2

26.6

27.1
98.3

4.8

4.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

31

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1960

1962

1961

1964

1963

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

459.4

459.0

458.3

456.3

458.8

469.4

477.8

490.9

503.1

511.9

517.1

521.1

457.1

456.7

455.8

453.6

455.7

466.5

474.7

487.7

499.9

508.4

513.7

517.0

398.1

396.2

394.1

390.9

392.3

402.4

409.6

420.6

431.4

439.1

443.5

445.6

383.0

380.6

379.1

374.8

375.1

384.7

391.7

402.6

411.3

417.3

422.5

427.6

14.7
.4

16.2
-.7

16.6
-1.6

16.9
-.8

16.6
.5

15.6
2.0

15.7
2.2

16.4
1.6

16.4
3.6

16.4
5.3

16.1
4.9

15.9
2.1

16.4
2.9

II

III

IV

I

II

III

IV

I

528.7

536.1

548.0

557.2

568.9

578.4

587.2

590.2

609.1

621.9 637.3 654.2

1

525.0

532.6

544.4

553.3

564.5

574.2

582.8

585.9

604.2

616.9 632.6 650.1

2

452.2

458.7

469.5

476.6

486.0

494.1

501.3

503.4

520.7

531.8 544.9 559.2

3

433.0

440.4 448.3

455.8

466.2

475.0

485.2

490.5

506.0

515.0 524.4 538.8

16.2
4.9

15.6
5.1

14.5
5.3

14.7
4.5

14.6
1.5

15.2
-2.3

15.9
-1.2

16.3
2.0

II

17.5
-.8

III

IV

17.7
2.8

17.6
2.8

4
5
6
7
8
9
10

13.3

13.8

14.0

14.3

14.4

14.2

14.3

14.8

15.1

15.3

15.7

16.0

16.2

16.4

16.7

16.9

17.3

17.8

17.9

18.1

18.3

18.9

19.5

20.2

11

45.7

46.7

47.8

48.4

49.1

49.8

50.8

52.3

53.4

54.0

54.4

55.4

56.6

57.4

58.2

59.9

61.2

62.2

63.6

64.5

65.2

66.2

68.2

70.8

12

2.9

3.1

3.3

3.1

3.5

3.5

4.1

3.7

3.5

3.6

3.9

4.4

4.3

4.5

4.2

5.0

5.0

4.7

2.4

2.3

2.5

2.7

3.0

4.1

13

412.9

413.0

412.5

409.6

410.7

419.5

427.2

439.5

448.5

455.4

459.6

465.9

471.2

479.0

486.6

494,6

505.8

515.3

525.3

530.4

547.1

559.0 570.9 586.9

14

410.5

410.6

410.1

406.9

407.7

416.6

424.1

436.2

445.4

451.9

456.2

461.8

467.5

475.5

482.9

490.8

501.4

511.0

520.8

526.2

542.1

553.9 566.2 582.8

15

351.6

350.1

348.3

344.2

344.2

352.6

359.0

369.2

376.9

382.6

386.0

390.4

394.7

401.6

408.0

414.0

422.8

431.0

439.4

443.6

458.7

468.8 478.5 491.9

16

337.4

334.4

332.4

328.1

328.1

336.7

343.0

352.8

360.3

366.1

369.8

374.1

378.3

385.3

391.7

398.1

407.9

415.8

424.2

427.9

442.1

450.6 460.1 473.6

14.1

15.7

15.9

16.2

16.1

15.9

16.0

16.4

16.6

16.5

16.2

16.3

16.4

16.3

16.4

15.9

14.9

15.2

15.1

15.7

16.5

18.3

18.4

18.3

17
18
19
20
21
22

13.3

13.8

14.0

14.3

14.4

14.2

14.3

14.8

15.1

15.3

15.7

16.0

16.2

16.4

16.7

16.9

17.3

17.8

17.9

18.1

18.3

18.9

19.5

20.2

23

45.7

46.7

47.8

48.4

49.1

49.8

50.8

52.3

53.4

54.0

54.4

55.4

56.6

57.4

58.2

59.9

61.2

62.2

63.6

64.5

65.2

66.2

68.2

70.8

24

2.5

2.7

3.0

2.9

3.1

3.3

3.1

3.5

3.5

4.1

3.7

3.5

3.6

3.9

4.4

4.3

4.5

4.2

5.0

5.0

4.7

4.1

25

2.3

2.4

1973 n

1972

1971

1970

1969

1974"
Line

II

ni

IV

876.5

887.1

900.8

902.0

871.8

882.8

896.0

897.4

724.4

729.0

737.5

748.4

709.9

712.6

720.3

731.0

18.8
-2.9

19.8
-5.3

20.2
-3.9

19.9
-2.8

28.8

29.6

30.7

30.8

99.6 101.4

106.2

107.8

4.5

4.4

750.2 763.8

776.5

I

II

II

III

IV

937.9

958.7

972.8

932.4

951.5

967.0

989.2 ,025.5 1,050.1 1,076.1 1, 111.3 1, 154.1 1,172.5 1,201.4 1, 229.1 1, 244.0 1, 259.9 1, 288.3 1,299.3
981.2 ,019.3 1,043.5 1,068.8 1,103.2 1, 145.3 1,163.8 1, 192.7 1, 219.1 1, 227.0 1, 247.8 1,274.6 1,284.5

747.7

776.7

793.1

806.0

816.7

849.2

871.4

893.3

922.6

961.4

976.1 1, 001.7 1, 023.6 1, 027.4 1,044.7 1, 067.0 1,071.1

728.9

754.1

769.4

784.2

796.5

828.6

844.5

865.7

892.6

923.2

937.0 955.2

19.0
-1.5

18.9
-.1

21.5
1.1

20.4
3.3

19.0
2.8

22.0
-1.8

23.7
-3.0

24.6
2.3

23.6
4.0

26.6
3.4

35.0
3.2

40.0
— 9

31.3

31.9

32.6

33.5

34.2

34.9

36.0

36.5

37.0

37.4

37.9

38.7

112.0

114.0

115.7

117.1

122.2

124.2

126.1

128.5

133.6

135.1

138.1

142.7

4.1

4.7

4.3

4.8

4.6

5.5

7.2

5.8

8.0

6.2

6.5

7.3

8.1

781.2

787.9

795.7

805.8

804.0

835.0

851.8

803.4

882.1

919.1

937.2

959.8

III

IV

834.0 848.0

863.2

867.0

829.2 843.5

858.8

862.9

701.7 713.3

723.1

684.4 698.1

707.1

18.7 18.6
-1.5 -3.4
27.9

4.9

I

I

II

I

III

IV

I

II

III

IV

I

II

III

IV

977.9

987.8 1, 011.3 1, 029.6 1,030.0

45.5
1.0

47.6
-1.8

45.8
-6.2

40.1

41.1

41.8

43.1

44.1

145.3

147.6

150.0

153.6

156.6

159.0

8.8

8.7

8.7

10.0

17.0

12.1

13.7

1
2
3

38.2
2.9

4
5
6
7
8
9
10

45.6

46.5

11

161.9

166.9

12

14.8

13

991.7 1 031.2 1,052.9 1, 078.1 1, 106.8 1, 122.3 1, 129.6 1, 151.3 1,161.3
983.5 1 022.4 1,044.1 1, 069.4 1, 096.8 1, 105.3 1,117.5 1, 137.5 1,146.5

14

35.0
-1.6

35.0
2.4

745.4 759.3

772.1

777.1

783.2

791.4

801.0

799.4

829.5

844.6

857.6

874.1

912.9

930.7

952.5

617.9 629.1

636.3

638.6

640.4

646.1

653.5

649.7

673.8

686.3

696.6

709.6

742.8 758.5

777.0

802.9

838.5

856.5

878.4

901.4

905.6

914.4

930.0

933.1

16

597.8 609.0

616.0

617.4

618.9

624.9

633.2

629.5

651.3

665.3

676.8

687.0

718.2

751.9

774.8

802.8

815.8

833.3

854.2

861.1

881.2

897.0

896.9

732.5

15

20.1

20.1

20.4

2i.2

21.5

21.2

20.3

20.2

22.5

21.0

19.8

22.6

24.7

26.0

25.1

28.1

35.7

40.7

45.0

47.2

44.5

33.2

33.0

36.2

17
18
19
20
21
22

27.9

28.8

29.6

30.7

30.8

31.3

31.9

32.6

33.5

34.2

34.9

36.0

36.5

37.0

37.4

37.9

38.7

40.1

41.1

41.8

43.1

44.1

45.6

46.5

23

99.6 101.4

106.2

107.8

112.0

114.0

115.7

117.1

122.2

124.2

126.1

128.5

133.6

135.1

138.1

142.7

145.3

147.6

150.0

153.6

156.6

159.0

161.9

166.9

24

4.4

4.1

4.7

4.3

4.8

4.6

5.5

7.2

5.8

8.0

6.2

6.5

7.3

8.1

8.8

8.7

8.7

10.0

17.0

12.1

13.7

14.8

25

4.9

4.5




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

32

Table 1.12.—Net National Product and National Income by Sector and Industry in Constant
[Billions of
1947

1946

line

1949

1948

1951

1950

1952

1953

1954

1955

1956

1957

......

443.3

132.1

448.8

449.4

489.9

530.5

550.3

571.2

560.9

599.8

611.7

-

442.1

130.5

447.0

447.6

488.0

528.7

548.5

569.2

558.6

597.3

609.0

618.9

3

351.3

«
V>6.6

372.3

368.2

405.1

431.2

444.5

464.9

455.2

491.6

500 0

506 9

4
5

331.9

W8.2

352.5
113.2
239.3
13.1
226.2
21.5
-1.7

345.7
106.2
239.5
14.6
224.9
20.7
1.8

379.8
122.0
257.8
16.0
241.8
21.5
3.8

405.8
136.2
269.5
17.6
251.9
19.9
5.5

418.5
140.5
278.0
19.7
258.3
20.3
5.7

436.1
150.4
285.7
21.3
264.4
21.5
7.3

427.0
138.4
288.7
23.1
265.6
21.9
6.2

464.0
154.1
309.9
24.5
285.4
22.7
4.8

478.4
154.7
323 7
26.1
297.7
22.5
-.9

485 7
155 1
330 6
28 1
302 6
21.9
-.8

1
2

7
g
9
10
11

Net national nroduct
Net domestic uroduct

Other

14

Residual 1

15.1

17
18
19
20
21
22
23

16.7

17.3

18.3

18.7

18.6

19.3

19.4

21.4

22.5

23.1

57.9

58.0

62.2

64.6

78.8

85.3

85.0

83.9

84.4

86.5

88.9

1.1

1.6

1.8

1.9

1.9

1.8

1.8

2.0

2.3

2.5

2.7

2.9

404.7

390.8

406.3

402.4

437.7

474.8

492.7

509.7

499.6

536.7

552.2

560.2

403.6

389.2

404.5

400.5

135.8

473.0

490.9

507.8

497.3

534.1

549.5

557.4

312.7

315.3

329.9

321.1

152.9

375.5

386.9

403.5

393.9

428.4

440.5

445.3

290.2

295.0
96.9
198.1
8,9
189.3
20.4

308.3
102.7
205.6
9.4
196.2
21.5

300.3
95.6
204.7
10.3
194.3
20.9

331.3
.10.9
220.4
11.3
<
209.1
21.6

355.6
124.9
230.8
12.4
218.4
19.8

366.5
128.9
237.7
13.7
223.9
20.4

381.8
138.5
243.3
14.8
228.5
21.6

371.9
126.5
245.4
16.1
229.3
22.0

405.5
141.8
263.8
17.0
246.8
22.9

417.9
142.1
275.8
18.1
257.8
22.7

423.4
142.2
281.2
19 4
261.8
22.0

Reatof the world
National income

. -

Business
Nonfarm
Nonmanufacturing.
Other
Farm

22.5
15.1

16.7

17.3

18.3

18.7

18.6

19.3

19.4

21.4

22.5

23.1

57.9

58.0

62.2

64.6

78.8

85.3

85.0

83.9

84.4

86.5

88.9

1.1

.

16.0

75.8

Households and institutions

24
25

16.0

75.8

Households and institutions

15
16

12.4
218.5
20.3
-1.9

22.4
-3.0

12
13

] 07,?,
«M0.9

621.8

1.6

1.8

1.9

1.9

1.8

1.8

2.0

2.3

2.5

2.7

2.9

Rest of the world

1947

1948

1949

1950

Line
I
1
2
3
4
5
6
7
8
9
10

24

III

IV

I

II

III

IV

I

II

III

IV

431.4

436.3

439.4

447.5

451.6

455.9

450.6

448.1

451.9

447.0

468.9

482.0

498.5

510.0

429.9

434.7

437.6

445.7

449.9

454.1

448.7

446.2

449.9

445.3

467.0

480.2

496.4

508.2

352.1

355.6

356.2

362.6

365.1

372.0

374.1

377.4

370.1

366.7

370.4

365.3

386.7

399.1

414.3

420.1

Nonfarm

335.1

338.8

337.1

341.8

348.0

353.2

352.7

355.5

349.3

345.1

347.0

341.1

357.0

373.9

390.8

397.2

Housing
Other.
Farm
Residual 1

22.7
-5.6

19.1
-2.3

20.2
-1.0

19.3
1.5

19.8
-2.6

22.2
-3.5

21.1
.3

22.9
-1.1

20.5
1.1

20.9
2.4

21.2
3.0

22.5
7.2

21.5
3.9

20.9
2.6

21.1
1.7

Business

-.

.

16.3

16.6

16.0

16.4

16.6

17.0

16.7

16.9

17.1

17.0

18.1

18.4

18.3

18.2

18.4

60.0

58.3

57.1

56.1

56.1

57.1

58.7

60.0

61.8

62.3

62.6

61.9

61.9

62.8

63.9

69.7

1.6

1.8

1.8

1.9

1.9

1.9

1.7

1.8

1.9

2.1

1.9

406.9

407.0

412.6

405.4

402.0

404.0

398.0

415.0

430.3

446.2

458.9

389.3

387.6

389.5

396.3

405.1

405.3

410.8

403.6

400.1

402.1

396.3

413.2

428.4

444.1

457.0

314.7

313.9

317.4

323.8

331.4

329.5

334.0

324.9

320.6

322.5

316.2

332.8

347.4

362.0

368.9

295.6

293.7

298.2

304.2

309.1

308.4

310.9

304.6

299.9

301.5

294.8

310.0

325.8

341.2

347.8

19.1

20.2

19.2

19.6

22.3

21.1

23.2

20.3

20.7

21.0

21.4

22.9

21.6

20.8

21.1

15.1

16.3

16.6

16.0

16.4

16.6

17.0

16.7

16.9

17.1

17.0

18.1

18.4

18.3

18.2

18.4

58.7

60.0

61.8

62.3

62.6

61.9

61.9

62.8

63.9

69.7

1.8

1.8

1.9

1.9

1.9

1.7

1.8

1.9

2.1

1.9

60.0

Government

25 Rest of the world

1.8

398.1

22.9

Households and institu tions

1.7

391.1

292.5

Nonfarm
Manufacturing
Nonmanufacturing . _. .
Housing
Other.
..
Farm

1.7

389.1

315.4

..

1.5

390.9

390.5

Domestic income.

1.6

392.2

National income
Business _

20.2
.6

15.1
.

13 Rest of the world

23

II

430.2

Government...

17
18
19
20
21
22

I

431.8

Households and institutions

16

IV

428.9

11

15

III

427.2

Net national product
Net domestic product

12

14

II

.

..

58.3

57.1

56.1

56.1

57.1

1.6

1.6

1.5

1.7

1.7

1.8

"'Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY of CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Beginning with 1947, the annual estimates equal GNP in constant dollars measured as the
sum of final products less GNP in constant dollars measured as the sum of gross product by
industry. The quarterly estimates are obtained by interpolating the annual estimates with the




statistical discrepancy deflated by the implicit price deflator for gross domestic business product. The annual estimate for 1946 equals the deflated statistical discrepancy adjusted for the
difference in 1947 between the residual and the deflated statistical discrepancy.
NOTE.—The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classifcation beginning with 1948 and on the
1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

33

Dollars: Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]

1960 1

1959

1968

1961

1962

1964

1963

1966

1966

1967

1969

1968

1971

1970

1972

1973*

1974*

Line

618.6

658.0

672.5

689.2

731.2

760.6

801.6

850.0

901.1

923.5

963.4

985.9

977.8

1,005.9

1,065.7

1,122.5

1,094.0

1

615.6

654.9

669.3

685.1

726.2

755.7

796.0

844.0

895.7

917.7

957.4

980.2

972.3

998.7

1,058.7

1,114.8

1,087.0

2

501.0

638.1

647.5

559.5

595.9

621.9

667.6

700.5

742.5

755.6

789.8

808.5

800.8

826.0

884.1

938.2

907.7

3

473.6
140.2
333.3
30.2
303.2
23.1
4.4

513.4
157.4
366.1
32.6
323.5
22.0
2.7

522.5
158.4
364.1
34.9
329.1
23.3
1.8

631.1
157.5
373.7
37.4
336.3
23.3
5.1

567.9
172.3
395.6
40.3
355.3
23.3
4.8

594.5
186.8
407.7
42.9
364.9
23.7
3.6

630.8
201.1
429.7
45.4
384.3
22.8
4.0

677.5
220.0
457.5
48.6
409.0
23.4
-.4

718.0
238.0
480.0
51.5
428.4
21.7
2.8

730.7
237.1
493.6
64.9
438.8
22.5
2.4

769.4
250.5
518.9
67.3
461.6
22.2
-1.8

791.8
257.5
534.3
60.3
474.0
22.6
-5.9

781.1
241.0
640.1
62.8
477.3
23.8
-4.2

800.6
243.9
656.7
65.2
491.5
25.5
-.1

857.8
268.1
589.8
68.8
521.0
24.6
1.7

908.7
288.0
620.8
71.9
548.9
26.6
4.0

881.3
270.7
610.6
75.2
535.3
23.5
2.9

4
5
6
7
8
9
10

24.2

24.9

26.8

27.2

28.3

29.0

29.9

31.1

32.8

34.8

35.9

36.6

36.3

36.6

37.2

37.9

38.5

11

90.4

91.8

94.9

98.5

102.1

104.8

108.4

112.4

120.4

127.2

131.7

135.0

135.2

136.0

137.4

138.7

140.8

12

3.0

3.2

3.2

4.1

4.8

4.9

5.7

6.1

5.4

5.8

6.1

5.7

5.5

7.2

7.0

7.7

7.0

13

551.2

589.1

602.5

614.3

652.7

680.1

717.1

765.5

808.7

828.8

868.5

891.6

879.5

899.9

951.9

1,000.7

973.4

14

548.2

585.9

599.3

610.3

647.8

675.2

711.4

759.4

803.4

822.9

862.4

885.9

874.0

892.6

944.9

993.0

966.3

15

433.6

469.2

477.6

484.6

517.4

641.4

573.1

616.0

650.1

660.9

694.8

714.3

702.5

720.0

770.3

816.4

787.0

16

453.8
144.6
309.1
24.1
286.1
23.8

460.8
143.5
317.3
25.7
291.6
23.8

493.6
157.8
336.9
27.7
308.2
23.8

517.1
171.9
345.2
29.4
315.8
24.3

649.7
185.8
363.9
31.1.
332.8
23.4

591.9
204.1
387.8
33.2
364.6
24.1

627.7
221.5
406.2
35.2
371.1
22.4

637.6
220.2
417.3
37.4
379.9
23.3

671.8
23*. 1
438.7
39.0
399.7
23.0

690.6
239.6
451.0
41.1
409.9
23.7

677.6
222.7
454.8
42.8
412.0
24.9

693.3
225.2
468.1
44.4
423.7
26.6

744.3
248.5
495.8
46.8
449.0
26.0

789.3
267.5
521.9
48.9
473.0
27.0

762.1
260.4
511.6
51.1
460.5
25.0

17
18
19
20
21
22

410.2
127.1
283.1
20.9
262.3
23.4

446.7
143.8
302.9
22.5
280.5
22.5

24.2

24.9

26.8

27.2

28.3

29.0

29.9

31.1

32.8

34.8

35.9

36.6

36.3

36.6

37.2

37.9

38.5

23

90.4

91.8

94.9

98.5

102.1

104.8

108.4

112.4

120.4

127.2

131.7

135.0

135.2

136.0

137.4

138.7

140.8

24

3.0

3.2

3.2

4.1

4.8

4.9

5.7

6.1

5.4

5.8

6.1

5.7

5.5

7.2

7.0

7.7

7.0

26

1954

1953

1952

1951
I

II

III

IV

I

II

III

IV

I

517.3

527.6

538.3

538.6

543.9

544.3

549.8

563.2

515.8

525.8

536.4

536.5

542.1

542.5

547.9

561.4

1955

II

III

IV

I

II

III

IV

572.4

576.0

571.5

564.8

556.0

553.2

561.4

570.6

573.8

569.6

562.8

553.8

551.0

559.1

1956

Line

I

II

III

IV

I

II

572.4

587.1

596.4

604.6

611.2

607.9

610.7

1C.4 617.6

1

569.9

584.6

593.9

602.1

608.6

604.9

607.9 .07.6 615.3

2

III

IV

422.5

428.7

437.0

436.4

439.8

438.7

442.7

457.0

466.6

469.4

465.0

459.6

451.3

448.4

455.7

464.8

480.3

489.2

495.9

500.8

497.6

499.7 L97.8 504.8

3

400.4

403.3

408.0

411.2

414.0

414.2

415.5

430.2

437.1

440.7

437.6

428.9

422.7

421.3

426.7

437.0

451.3

462.5

468.1

474.0

474.1

479.2 176.7 483.6

18.4
3.6

19.5
5.9

21.2
7.8

20.4
4.8

19.6
6.2

20.5
4.0

21.7
5.5

19.6
7.2

21.0
7.5

21.5
7.2

21.2
6.1

22.1
8.6

21.4
7.1

20.9
6.2

22.5
6.6

22.8
5.0

22.1
7.0

22.3
4.3

22.8
5.0

23.7
3.0

23.3
2

21.3 22.3 22.9
- . 8 -1.2 -1.6

4
5
6
7
8
9
1
C
11

19.0

18.7

18.6

18.5

18.5

18.5

18.9

18.6

19.0

19.5

19.6

19.0

18.8

19.0

19.3

20.7

20.2

20.9

21.7

22.8

22.2

22.1

22.6

22.8

74.3

78.4

80.9

81.6

83.8

86.3

86.3

85.8

86.0

84.9

85.0

84.2

83.7

83.7

84.1

84.4

84.1

83.8

84.5

85.1

85.1

86.0

87.1

87.7

11

1.6

1.8

1.8

2.0

1.8

1.8

1.9

1.8

1.9

2.1

1.9

2.0

2.3

2.2

2.2

2.5

2.6

2.5

2.5

2.5

2.9

2.8

2.9

2.3

12

463.5

472.1

480.3

483.0

486.8

488.9

492.4

502.7

511.3

514.7

511.0

501.8

494.6

492.3

499.6

511.2

523.1

534.1

540.8

548.6

548.0

551.4 551.2 558.0

14

461.9

470.3

478.5

481.0

485.0

487.1

490.6

500.9

509.5

512.6

509.1

499.8

492.3

490.1

497.4

508.7

520.5

531.7

538.3

546.1

545.1

548.6 548.3 555.7

11

368.6

373.1

379.1

380.8

382.6

383.2

385.4

396.5

404.5

408.2

404.5

396.6

389.8

387.5

394.0

403.7

416.2

427.0

432.1

438.2

437.8

440.4 138.6 445.2

If

350.4

353.7

357.8

360.5

363.1

362.6

363.5

377.0

383.3 386.5

383.1

374.4

368.2

366.6

371.4

380.9

394.2

404.5

409.2

414.3

414.2

419.0 il6.0 422.2

i;

u
I?

21.4

22.2

19.5

19.6

19.0

18.8

84.9

86.0

84.2

83.7

2.1

1.9

2.0

2.3

2.2

18.2

19.4

21.3

20.3

19.5

20.6

21.9

19.5

21.2

21.7

19.0

18.7

18.6

18.5

18.5

18.5

18.9

18.6

19.0

74.3
1.6

78.4
1.8

80.9
1.8

81.6
2.0




83.8
1.8

85.3

86.3

1.8

1.9

85.8
1.8

86.0
1.9

21.6

2(
21
25

22.6

22.8

21

87.1

87.7

24

2.3

21

23.6

21.7

22.8

22.2

22.1

84.5

85.1

85.1

86.0

2.5

2.5

2.9

2.8

2.9

22.8

22.1

22.5

23.0

19.0

19.3

20.7

20.2

20.9

83.7

84.1

84.4

84.1

83.8

2.2

2.5

2.6

2.5

21.5

23.0

23.9

22.6

20.9

22.5

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

34

Table 1.12.—Net National Product and National Income by Sector and Industry in Constant Dollars:
[Billions of
1957

1958

1959

Line
I
1
2
3
4
5
6
7
8
9
10

622.0

622.1

626.3

619.2

Net national product
Net domestic Droduct

II

618.9

623.2

III

I

II

616.8

603.2

607.6

623.3

614.4

600.4

604.6

620.2

IV

III

I

II

640.5

648.9

664.2

656.0

663.0

637.3

645.8

661.3

652.7

659.6

IV

III

IV

508.1

Nonfarm
Manufacturing
Nonmanufacturing
Housing _ .
Other
Farm
Residual»

-- -

-

606.9

510.1

502.4

488.2

490.2

505.0

520.9

530.0

544.8

535.8

541.8

487.4

Business

487.4

488.1

480.1

464.9

463.3

474.5

491.6

505.3

521.1

512.8

514 5

22.2
-1.5

22.0
—2.4

21.5
.5

21.8
.4

23.2
.1

22.7
4.2

23.0
7.5

23.4
5.9

22.8
1.9

22.2
1.6

21.0
2.0

22.1
5.2

11

Households and institutions

23.0

23.1

23.3

23.1

23.7

24.7

24.3

24.1

24.5

25.0

25.0

25.3

12

Government

88.1

88.8

89.8

88.9

88.6

89.7

90.9

92.3

91.4

91.5

91.9

92.4

13

Rest of the world

14
15
16
17
18
19
20
21
22

2.8

Domestic income

3.2

3.1

2.4

2.8

3.0

3.1

3.2

3.1

3.0

3.3

3.5

561.8

National income

562.5

563.2

553.5

541.0

540.9

552.6

570.6

581.9

596.7

587.2

590.6

559.0

560.1

551.1

538.2

537.9

549.5

567.4

578.8

593.8

583.9

587.1

447.4

447.0

439.1

426.0

423.5

434.3

451.0

463.0

477.3

467.1

469.3

425.6

Nonfarm
Manufacturing
Nonmanufacturing
Housing
Other
Farm

559.3

448.0

-

Business

425.3

425.6

417.2

402.4

400.5

411.0

427.2

439.7

454.7

445.7

446.8

22.4

22.0

21.5

21.9

23.6

23.0

23.3

23.8

23.3

22.6

21.4

22.5

Household and institutions

23.0

23.1

23.3

23.1

23.7

24.7

24.3

24.1

24.5

25.0

25.0

25.3

24

Government

88.1

88.8

89.8

88.9

88.6

89.7

90.9

92.3

91.4

91.5

91.9

92.4

25

Rest of the world

2.8

3.2

3.1

2.4

2.8

3.0

3.1

3.2

3.1

3.0

3.3

3.5

23

I
1
2
3
4
5
6
7
8
9
10

Nonmanufacturing
Housing
Other
Farm
_
Residual l

._

I

II

IV

III

897.1

904.9

910.9

911.8

917.9

928.9

935.5

944.7

961.9

972.9

974.3

891.7

899.7

905.4

906.6

912.7

922.7

928.8

939.1

955.3

966.7

968.5

740.6

744.7

747.8

746.3

751.6

759.7

765.0

773.9

787.4

797.8

800.1

715.3

721.8

724.3

721.1

726.9

733.5

741.4

753.2

765.8

777.2

781.5

23.5
2.9

21.7
3.6

20.6
2.3

20.9
2.6

22.1
3.0

21.9
2.8

22.8
3.4

23.3
.2

22.4
-1.8

21.1
.5

22.4
-1.8

22.7
-4.1

32.5

32.2

33.3

33.3

34.5

34.7

35.0

35.2

35.3

36.2

36.1

35.9

116.8

__

-

118.9

121.7

124.4

125.9

126.4

128.0

128.6

129.9

131.7

132.7

132.4

5.4

National income

5.4

5.2

5.4

5.2

5.2

6.2

6.7

5.6

6.6

6.2

800.5

Rest of the world

804.6

812.4

817.4

817.6

823.1

832.8

841.6

851.4

865.3

877.0

5.9
880.1

795.1

Nonfarm
Manufacturing
Nonmanufacturing
Housing
Other
Farm
. .

.

Government

25

Rest of the world




812.0

812.4

817.9

826.6

834.9

845.8

858.7

870.8

874.2

652.2

654.3

652.0

656.8

663.6

671.1

680.6

690.8

701.9

705.8

621.5

625.6

631.1

632.8

629.2

634.1

64C.0

647.0

657.4

669.0

678.7

682.1

22.5

21.1

21.5

22.9

22.7

23.6

24.1

23.2

21.8

23.2

23.8

32.2

33.3

33.3

34.5

34.7

35.0

35.2

35.3

36.2

36.1

35.9

116.8

118.9

121.7

124.4

125.9

126.4

128.0

128.6

129.9

131.7

132.7

132.4

5.4

5.4

5.2

5.4

5.2

5.2

6.2

6.7

5.6

6.6

6.2

5.9

32.5

Households and institutions _

24

807.2

648.0

24.3

-

799.2

645.8

Domestic income

16

23

IV

III

II

710.5

Nonfarm

Government . -

17
18
19
20
21
22

I

736.8

Business

Households and institutions

15

IV

III

891.5

- - -

12

14

II

1968

886.1

Net national product
Net domestic product

11

13

1967

1966

Line

.-

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

35

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1962

1961

I960

1964

1963

1965
Line

IV

I

671.1

666.8

671.3

683.2

667.9

663.2

667.3

679.4

549.9

545.6

539.9

542.9

555.0

529.2

524.8

520.9

515.0

515.4

22.1
3.4

24.3
.5

23.4
1.6

23.7
3.9

26.0

23.3
1.8
26.8

27.0

27.5

27.5

26.8

26.9

27.5

27.8

28.0

28.7

28.7

28.7

28.7

29.2

29.4

29.6

30.1

29.9

30.0

30.6

93.3

95.2

95.3

95.8

96.9

97.5

98.7

100.7

101.4

102.0

102.5

102.5

103.2

104.4

105.6

105.9

106.9

108.0

109.0

109.9

110.0

3.1

3.0

3.2

3.6

4.0

3.9

4.1

4.3

4.2

4.8

4.7

5.6

5.0

4.7

4.8

5.1

5.8

5.6

5.9

5.5

6.5

606.2

605.1

602.3

596.5

598.7

607.7

616.5

634.5

642.9

650.8

656.6

660.5

666.5

676.6

685.8

691.5

702.9

712.9

722.7

730.0

686.4

697.1

707.3

I

II

III

677.1

674.9

674.1

671.9

554.7

II

IV

I

II

III

IV

692.3

710.0

720.9

730.7

736.1

688.2

705.7

716.6

725.9

731.3

562.6

577.4

587.4

595.9

525.8

533.6

549.8

558.2

23.1
6.2

23.1
5.9

23.4
4.3

23.5
5.8

III

I

II

III

737.0

744.2

754.0

768.3

731.3

739.2

749.3

763.5

600.2

600.1

607.3

616.2

628.7

565.4

571.7

576.2

581.5

591.2

23.7
6.9

23.2
5.3

22.8
1.1

23.8
2.0

24.1
1.0

I

II

III

775.7

789.4

799.7

807.4

810.0

828.0

841.1 856.2 874.8

770.6

783.7

794.2

801.5

804.5

821.5

834.5 850.2 869.7

2

635.3

647.2

656.1

662.6

664.6

680.9

692.5 705.7 723.0

3

599.8

605.6

617.4

626.3

636.1

643.5

659.2

672.0 680.2 698.6

23.6
5.3

23.4
6.2

22.3
7.4

22.6
7.2

23.2
3.4

23.1
-2.1

23.6
-1.9

23.0
-2.5

24.1
1.4

23.0
1.4

4
6
5
7
8
9
10

30.6

31.4

31.7

11

IV

IV

I

II

III

IV
1

111.4 113.1 115.0
6.6

12

5.2

13

746.6

759.3 769.4 786.6

14

6.0

603.1

602.1

599.1

592.9

594.7

603.9

612.3

630.1

638.6

646.0

651.9

654.8

661.5

671.9

681.0

716.8

724.5

740.1

752.7 763.4 781.4

15

483.7

480.1

476.8

469.7

470.3

479.6

486.7

501.9

509.4

516.0

520.7

523.6

529.5

538.9

546.2

551.0

560.6

569.2

577.9

584.6

599.5

610.7 618.9 634.7

16

461.3

456.1

451.9

445.8

446.1

455.9

463.1

478.0

485.4

491.8

497.0

500.4

505.1

514.2

522.0

527.0

537.8

546.0

554.2

560.8

575.4

587.0 594.2 610.9

22.4

23.9

24.9

23.9

24.2

23.6

23.6

23.9

24.0

24.2

23.7

23.3

24.4

24.7

24.2

24.0

22.8

23.2

23.8

23.8

24.2

23.7

24.7

23.8

17
18
19
20
21
22

26.0

26.8

27.0

27.5

27.5

26.8

26.9

27.5

27.8

28.0

28.7

28.7

28.7

28.7

29.2

29.4

29.6

30.1

29.9

30.0

30.6

30.6

31.4

31.7

23

93.3

95.2

95.3

95.8

96.9

97.5

98.7

100.7

101.4

102.0

102.5

102.5

103.2

104.4

105.6

105.9

106.9

108.0

109.0

109.9

110.0

111.4 113.1 115.0

24

3.1

3.0

3.2

3.6

4.0

3.9

4.1

4.3

4.2

4.8

4.7

5.6

5.0

4.7

4.8

5.1

5.8

5.6

5.9

5.5

6.5

5.2

25

I

II

1972

1971

1970

1969

III

IV

II

IV

III

I

II

6.6

1974*

1973*
IV

III

I

II

6.0

IV

III

I

II

Line

III

IV

III

IV

I

II

983.7 987.5

989.9

982.5

977.8

977.3

983.9

972.0

994.9 1,002.4 1,009.1 1,017.4 1,037.7 1,055.9 1,073.2 1,096.2 1,119.5 1,117.6 1,125.2 1,127.5 1,114.4 1,101.2 1,092.8 1,067. €

1

977.5 981.7

984.3

977.4

972.1

972.1

978.3

966.7

988.8

994.4 1,002.8 1,008.8 1,031.2 1,049.3 1,066.0 1,088.3 1,111.3 1,110.0 1,118.0 1,120.0 1,103.7 1,095.9 1,087.2 1,061.2

2

8C8.1 810.6

811.4

804.1

800.2

800.3

806.9

795.6

816.0

822.2

830.5

835.5

857.4

875.1

891.5

912.5

936.4

933.7

940.8

941.8

925.4

917.1

907.3

880. £

3

787.8 794.5

794.5

79C.4

783.8

781.1

787.3

772.4

789.8

795.5

804.4

812.8

834.0

847.0

865.8

884.4

904.5

905.8

912.1

912.5

903.4

891.2

879.0

851. €

24.0 22.2
-3.7 -6.1

22.5
-5.6

21.8
-8.2

22.8
-6.4

24.2
-5.0

23.1
-3.4

25.0
-1.8

26.8
-.6

25.0
1.7

24.7
1.4

25.6
-2.9

27.2
-3.9

26.3
1.7

21.4
4.2

23.4
4.6

26.4
5.5

25.3
2.6

23.6
5.1

26.6
2.7

23.6
-1.5

23.6
2.3

22.9
5.4

23.7

5.e

4
5
6
7
8
9
10

36.9

36.6

36.5

36.4

36.1

36.0

37.0

36.3

36.2

36.9

37.4

37.1

37.5

37.0

37.7

38.3

38.5

38.4

38.3

38.8

38.4

11

136.0

136.7

135.3

135.3

135.2

135.1

135.8

135.9

136.1

136.4

136.9

136.8

137.4

138.4

137.9

138.6

138.9

139.6

139.8

140.5

141.1

141.8

12

5.1

5.8

5.2

5.5

5.3

6.1

8.0

6.3

8.5

6.5

6.7

7.2

7.8

8.3

7.6

7.3

7.5

10.7

5.4

5.6

6.5

13

955.9

976.3

997.5

997.5 1,001.6 1,006.1

998.2

981.2

968.4

989.3

989.9

994.3

987.5

975.9

36.2

36.7

133.1 134.4
6.2

5.8

888.4 893.8

5.6

894.9

I

37. C

889.3

882.6

880.3

884.3

870.7

890.9

895.3

901.1

912.2

932.6

942.9

875.1

878.7

865.4

884.8

887.3

894.8

903.6

926.1

936.3

948.7

998.6

969.5

944. £
;

14

963.9

938. ()

15

882.2 888.0

889.3

884.2

876.8

712.9 716.9

716.4

710.9

705.0

703.4

707.4

694.2

712.0

715.1

722.5

730.3

752.3

762.1

774.2

792.6

814.4

813.6

817.1

820.4

809.2

797.1

784. C 757.1I

16

692.8

688.1

681.1

678.0

683.2

667.9

684.0

689.0

696.8

703.5

723.3

734.4

751.8

767.9

786.3

786.8

792.0

792.2

784.1

771.9

759.6

687.7 693.6

732. ()

25.2

23.2

23.6

22.8

23.9

25.4

24.1

26.3

27.9

26.1

25.7

26.8

28.9

27.7

22.5

24.7

28.0

26.8

25.1

28.2

25.1

25.2

24.3

25.5 >

17
18
19
20
21
22

36.2

36.7

36.9

36.6

36.5

36.4

36.1

36.0

37.0

36.3

36.2

37.0

36.9

37.4

37.1

37.5

37.0

37.7

38.3

38.5

38.4

38.3

38.8

38.4 I

23

133.1 134.4

136.0

136.7

135.3

135.3

135.2

135.1

135.8

135.9

136.1

136.4

136.9

136.8

137.4

138.4

137.9

138.6

138.9

139.6

139.8

140.5

141.1

141. i ;

5.8

5.6

5.1

5.8

5.2

5.5

5.3

6.1

8.0

6.3

8.5

t>.5

6.7

7.2

7.8

8.3

7.6

7.3

7.5

10.7

5.4

5.6

6.2




6.5

24
25

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

36

Table 1.13.—National Income by Type of Income: Annually, 1946-74, and
[Millions of
1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

National income

178,327

194,556

219,007

212,670

236,203

272,297

285,827

299,735

299,131

328,020

346,911

362,264

Compensation of employees..

118,052

129,174

141,440

141,318

154,844

181,000

195,698

209,570

208,397

224,907

243,513

256,481

Wages and salaries
G o v e r n m e n t and g o v e r n m e n t
enterprises.
Other

112,005
20,700

123,097
17,513

135,537
19,007

134,719
20,813

147,026
22,618

171,341
29,213

185,334
33,361

198,546
34,319

196,795
34,884

211,669
36,574

228,349
38,778

239,254
40,988

91,305

105,584

116,530

113,906

124,408

142,128

151,973

164,227

161,911

175,095

189,571

198,266

Supplements to wages and salaries
Employer contributions for social
insurance.

6,047
4,090

6,077
3,699

5,903
3,188

6,599
3,661

7,818
4,164

9,659
5,033

10,364
5,177

11,024
5,148

11,602
5,487

13,238
6,216

15,164
7,116

17,227
8,188

Line

Other labor income

1957

2,378

2,715

2,938

3,654

4,626

5,187

5,876

6,115

7,022

8,048

9,039

36,562

35,841

40,711

36,123

38,355

42,819

42,939

41,299

40,799

42,479

43,600

44,979

Farm
Proprietors' income with inventory
valuation adjustment and without
capital consumption adjustment.
Capital consumption adjustment...

14,928
15,089

15,202
15,616

17,505
18,129

12,659
13,360

13,473
14,147

15,784
16,619

14,896
15,682

12,940
13,673

12,300
12,929

11,259
11,887

11,205
11,800

11,043
11,795

-161

-414

-624

-701

-674

-786

-733

-629

-628

-595

-752

Nonfarm
Proprietors' income without inventory valuation and capital consumption adjustments.
Inventory valuation adjustment
Capital consumption adjustment . . .

21,634
23,296

20,639
21,753

23,206
23,118

23,464
22,157

24,882
25,062

27,035
26,442

28,043
26,912

28,359
27,618

28,499
27,589

31,220
30,464

31,824

33,059

-1,705
43

-1,471
357

463
844

-1,094
914

-327
920

201
930

-168
909

-49
959

-198
954

-502
1,073

-300
1,177

5,467

5,252

-410
498
5,701

6,116

7,071

7.710

8,803

10,026

11,029

11,270

11,634

12,247

7,280
-1,813

7,729
-2,477

8,508
-2,807

-2,823

9,960
-2,889

10,969
-3,259

12,188
-3,385

13,384
-3,358

14,360
-3,331

14,750
-3,480

15,232
-3,598

15,858
-3,611

Corporate profits with inventory valuation
and capital consumption adjustments.

16,629

22,191

26,930

33,661

38,096

35,380

35,472

34,626

44,599

42,924

42,065

Corporate profits with inventory valuation adjustment and without capital consumption adjustment.

12

1,957

Proprietors' income with inventory valuation and capital consumption adjustments.

19,313

25,555

30,769

37,635

42,684

37,822

46,698

45,930

45,401

24,576
9,104
15,472
5,560
9,912

31,454
11,268
20,186
6,302
13,884

35,170
12,421
22.749
7,015
15,734

28,913
10,203
18,710
7,210
11,500

42.600
17,925
24,675
15,872

43.883
22,559
21,324
8,520
12,804

38,140
17,624
20,516
9,149
11,367

48,434
22,041
26,393
10,311
16,082

48,623
21,993
26,630
11,085
15,545

46,940
21,423
25,517
11,514
14,003

-2,152

1,856

-4,965

-1,199

981

-997

-318

-1,736

-2,693

-1,539

-3,917

-3,839

-3,974

-4,588

-4,457

-4,067

-3,196

-2,099

-3,006

-3,336

2,183

2,272

2,672

3,007

3,368

4,280

4,765

5,240

6,492

>ns *
Rental income of persons with capital
icome
consulmption adjustment.
Rental income of persons
Capital consumption adjustment

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits.
Inventory valuation adjustment
Capital consumption adjustment
Net interest

-5,263
-2,684
1,617

-5,899
-3,364
2,098

29,101
33,018

2,054

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




38,856
19,399
19,457
8,493
10,964

40,536
20,287
20,249
8,795
11,454

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

37

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

397,083

412,008

424,246

457,366

482,841

519,204

565,959

622,215

655,805

714,418

767,929

798,374

858,067

951,935 1,067,250 1,141,107

1

258,245

279,579

294,932

303,568

325,098

342,882

367,957

396,543

439,290

471,915

519,815

571,354

609,150

650,271

715,145

797,745

873,022

2

240,499
44,095

258,935
46,026

271,932
49,150

279,462
52,435

298,043
56,308

313,385
59,984

336,133
64,879

362,005
69,860

398,363
78,333

427,490
86,420

469,536
96,373

514,570
104,871

546,453
115,972

580,013
125,782

633,765
137,589

700,915
148,598

763,062
160,057

196,404

212,909

222,782

227,027

241,735

253,401

271,254

292,145

320,030

341,070

373,163

409,699

430,481

454,231

496,176

552,317

603,005

3
4
5

17,746
8,347

20,644
10,070

23,000
11,780

24,106
12,282

27,055
14,017

29,497
15,536

31,824
16,099

34,538
16,698

40,927
21,032

44,425
22,774

50,279
25,204

56,784
28,587

62,697
30,680

70,258
34,074

81,380
39,424

96,830
49,281

109,960
55,474

6
7

363,995

9,399

10,574

11,220

11,824

13,038

13,961

15,725

17,840

19,895

21,651

25,075

28,197

32,017

36,184

41,956

47,549

54,486

8

47,381

47,224

46,978

48,256

49,613

50,342

52,247

56,674

60,306

60,974

63,407

66,218

65,140

67,715

76,138

91,742

85,113

9

13,102
13,864

10,661
11,557

11,420
12,344

11,808
12,742

11,872
12,822

11,601
12,546

10,279
11,233

12,568
13,509

13,596
14,621

12,080
13,235

12,003
13,307

13,944
15,368

13,932
15,293

14,289
15,991

18,003
20,013

32,421
35,068

25,629
29,344

10
11

-762

-896

-924

-934

-950

-945

-954

-941

-1,025

-1,155

-1,304

-1,424

-1,361

-1,702

-2,010

-2,647

-3,715

12

38,741
37,172

41,968
40,234

44,106
42,658

46,710
45,344

48,894
47,471

51,404
50,359

52,274
51,315

51,208
50,739

53,426
52,818

58,135
56,358

59,321
58,853

59,484
62,045

13
14

34,279
33,208

36,563
35,308

35,558
34,158

36,448
35,307

37,741
36,392

-56
1,127

-54
1,309

91
1,309

-60
1,201

-42
1,391

-45
1,614

-48
1,782

-198
1,646

-280
1,646

-254
1,677

-449
1,494

-471
1,430

-506
975

-443
1,051

-746
2,523

-1,831
2,299

-4,142
1,581

15
16

12,867

13,230

13,758

14,287

15,028

15,680

16,098

17,117

18,181

19,376

18,624

18,105

18,644

20,108

21,543

21,331

20,965

17

16,677
-3,810

17,261
-4,031

17,818
-4,060

18,294
-4,007

18,984
-3,956

19,587
-3,907

20,070
-3,972

21,049
-3,932

22,080
-3,899

23,384
-4,008

23,800
-5,176

24,802
-6,697

25,782
-7,138

27,663
-7,555

29,414
-7,871

31,089
-9,758

32,878
-11,913

18
19

37,482

48,244

46,580

46,901

54,862

59,606

66,989

77,096

82,538

79,261

85,793

81,445

67,891

77,198

92,081

100,172

91,279

20

40,849

51,160

48,867

48,676

53,709

57,553

64,166

73,344

78,646

75,586

82,121

77,896

66,418

76,945

89,559

98,564

93,586

21

41,104
18,964
22,140
11,304
10,836

51,613
23,646
27,967
12,171
15,796

48,540
22,696
25,844
12,890
12,954

48,586
22,781
25,805
13,347
12,458

53,571
23,972
29,599
14,410
15,189

57,706
26,231
31,475
15,504
15,971

64,709
27,985
36,724
17,325
19,399

75,209
30,876
44,333
19,120
25,213

80,744
33,658
47,086
19,439
27,647

77,330
32,480
44,850
20,103
24,747

85,568
39,408
46,160
21,943
24,217

83,422
39,651
43,771
22,592
21,179

71,485
34,477
37,008
22,884
14,124

81,974
37,710
44,264
22,982
21,282

96,156
41,535
54,621
24,597
30,024

117,005
48,234
68,771
27,822
40,949

132,119
52,617
79,502
31,075
48,427

22
23
24
25
26
27

-255

-453

327

90

138

-153

-543

-1,865

-2,098

-1,744

-3,447

-5,526

-5,067

-5,029

-6,597

-18,441

-38,533

-3,367

-2,916

-2,287

-1,775

1,153

2,053

2,823

3,752

3,892

3,675

3,672

3,549

1,473

253

2,522

1,608

-2,307

28

8,020

8,806

9,760

11,234

12,765

14,331

15,913

18,529

21,900

24,279

26,779

30,807

37,549

42,775

47,028

56,260

70,728

29




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

38

Table 1.13.—National Income by Type of Income: Annually, 1946-74, and
[Billions of
1946

x
3
4
5
6
7
g

1948

1949

I

Other
Supplements to wages and salaries
Employer contributions for social
insurance.

IV

I

II

III

IV

I

174.7

182.5

188.4

190.5

191.7

194.1

201.7

210.5

218.1

222.8

115.6

119.5

123.2

125.9

127.8

129.2

133.7

137.2

139.0

144.0

107.6
25.0

109.5
20.3

113.5
18.9

117.2
18.6

119.6
17.9

121.4
17.6

123.4
17.0

127.8
17.5

131.4
17.9

133.2
18.3

82.6

Wages and salaries
Government and government enter-

III

113.6

National income _
Compensation of employees

II

167.4

Line

2

1947

89.2

94.6

98.6

101.7

103.9

106.4

110.3

113.5

6.0
4.1

6.1
4.1

6.3
4.0

6.3
4.0

5.8
3.4

5.9
3.4

5.8
3.2

6.1
4.1

6.0
4.0

II

III

IV

I

II

III

IV

224.6

217 2

212 2

212 3

209 2

145 5

143 4

141 2

140 5

140 2

138.0
19.5

139.5
20.3

136.9
20.4

134.6
20.6

133.9
20.9

133.4
21.4

114.8

118.6

119 2

116 6

114 1

113 0

112 1

5.9
3.2

5.9
3.2

6.0
3.2

6.4
3.6

6.5
3.7

6.7
3.7

6.8
3.7

1.9

1.9

2.0

2.1

2.2

2.3

2.4

2.5

2.7

2.7

2.7

28

2.8

2.9

3 0

31

9

Proprietors' income with inventory valuation and capital consumption adjustments.

34.1

35.8

38.4

38.0

37.5

34.0

35.2

36.7

37.9

41.9

42.2

40.9

36.8

36.2

35.5

36.0

10
11

Farm - .
Proprietors' income with inventory
valuation adjustment and without
capital consumption adjustment.
Capital consumption adjustment

13.0
13.2

13.7
13.9

16.2
16.4

16.7
16.9

16.8
17.1

13.5
13.9

14.9
15.3

15.6
16.2

15.7
16.2

18.8
19.4

18.5
19.1

17.1
17.7

13.4
14.1

12.7
13.4

12.1
12.8

12.4
13.1

-.2

-.1

-.1

-.2

-.3

-.4

-.5

-.5

-.6

-.6

-.6

-.7

-.7

-.7

-.7

Nonfarm Proprietors' income without inventory valuation and capital consumption adjustments.
Inventory valuation adjustment
Capital consumption adjustment

21.1
21.2

22.1
22.6

22.1
25.4

21.3
24.0

20.7
22.7

20.4
20.9

20.4
21.3

21.0
22.1

22.2
22.4

23.0
23.4

23.7
23.8

23.8
22.8

23.4
22.2

23.5
21.9

23.4
22.0

23.5
22.6

-.2
.1

-.6
.0

-3.3
.0

-2.8
.1

-2.2
.2

-.8
.3

-1.4
.4

-1.5
.5

-.6
.5

-.8
.4

-.6
.5

.4
.6

.6
.7

.8
.8

.5
.9

.0
1.0

17 Rental income of persons with capital
consumption adjustment.

5.2

5.4

5.5

5.7

5.4

5.1

5.1

5.4

5.5

5.6

5.8

5.9

5.9

6.0

6.2

6.4

6.9
—1.7

7.2
-1.8

7.3
—1.8

7.7
-2.0

7.6
-2.1

7.4
-2.4

7.7
-2.6

8.2
—2.8

8.5
-2.9

8.4
-2.8

8.6
—2.8

8.6
—2.7

8.7
—2.7

8.8
-2.8

9.0
—2.9

9.3
—2.9

12
13
14
15
16

18
19

Other labor income

.

Rental income of persons
Capital consumption adjustment

. >j

20

Corporate profits with inventory valuation
and capital consumption adjustments.

12.9

16.3

17.4

19.8

19.5

22.8

22.6

23.9

27.7

29.5

28.9

30.4

28.9

26.7

27.9

24.5

21

Corporate profits with inventory valuation adjustment and without capital
consumption adjustment.

15.3

18.8

20.2

22.9

22.6

25.8

26.1

27.6

31.5

33.4

32.8

34.4

32.7

30.4

31.7

28.4

16.5
6.1
10.4

28.3
10.5
17.8

31.8
11.8
20.0

32.3
11.6
20.7

30.5
10.9
19.6

30.1
10.8
19.3

32.9
11.8
21.1

34.4
12.1
22.3

36.2
12.8
23.4

35.6
12.6
23.1

34.5
12.2
22.3

31.3
11.1
20.3

27.6
9.7
17.9

28.7
10.1
18.6

28.2
9.9
18.2

12.1

13.9

14.7

13.2

12.8

14.6

15.1

16.7

15.9

14.9

13.0

10.7

11.5

10.9

-1.2

21.6
8.0
13.6
5.5
8.1
-2.8

-8.1

-8.9

-9.7

-4.7

-4.0

-5.2

-2.9

-2.9

-2.8

-.1

1.4

2.8

3.0

.2

-2.4

-2.5

-2.8

-3.1

-3.1

-3.0

-3.5

-3.7

-3.8

-3.9

-4.0

-4.0

-3.8

-3.8

-3.8

-3.9

1.5

1.6

1.6

1.7

2.2

2.1

2.1

2.0

2.2

2.1

2.0

2.0

2.1

2.2

2.2

2.2

22
23
24
25
26
27
28
29

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest




5.3

A A.

A 1

A f\

i

i

A 7

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

39

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1953

1952

1951

1950

1954

1955

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

217.8

228.0

243.5

255.4

264.6

270.7

274.7

279.3

280.6

281.1

286.1

295.8

300.6

302.8

301.5

294.0

294.9

295.4

299.0

307.2

317.5

325.9 331.2 338.0

1

144.2

150.2

158.5

166.4

174.5

180.1

183.3

186.0

191.0

192.3

195.8

203.6

207.4

210.7

210.8

209.3

207.3

206.9

207.5

211.8

216.3

222.8 227.7 232.8

2

136.9
21.4

142.6
21.6

150.5
22.8

158.0
24.7

165.2
26.8

170.5
28.5

173.6
30.5

176.0
31.1

180.9
32.5

182.1
33.2

185.4
33.8

192.9
33.9

196.5
34.1

199.6
34.4

199.8
34.4

198.2
34.3

195.9
34.4

195.5
34.7

195.9
35.1

199.9
35.4

203.7
35.6

209.8 214.1 218.9
36.7 36.8 37.2

115.5

121.0

127.8

133.3

138.5

142.0

143.1

144.9

148.4

148.8

151.6

159.0

162.4

165.2

165.4

163.9

161.5

160.8

160.8

164.5

168.1

173.2 177.4 181.6

3
4
5

7.3
4.0

7.5
4.0

8.0
4.2

8.5
4.4

9.3
4.9

9.6
5.1

9.7
5.0

10.1
5.1

10.1
5.1

10.2
5.1

10.4
5.2

10.7
5.3

10.9
5.2

11.1
5.3

11.0
5.1.

11.1
5.0

11.4
5.4

11.5
5.5

11.6
5.5

11.9
5.6

12.6
5.9

II

13.0
6.1

III

13.6
6.4

IV

Line

13.9
6.5

6
7

3.3

3.5

3.8

4.0

4.3

4.5

4.7

4.9

5.0

5.1

5.3

5.4

5.7

5.8

6.0

6.1

6.0

6.0

6.1

6.3

6.6

6.9

7.2

7.4

8

36.5

37.0

39.5

40.4

42.2

42.6

42.9

43.6

42.0

43.0

44.7

42.1

42.1

4t»4

40.7

41.0

41.1

40.1

40.9

41.1

41.8

42.4

42.7

43.1

9

12.8
13.5

12.7
13.3

13.6
14.3

14.7
15.4

15.5
16.2

15.7
16.6

15.7
16.6

16.2
17.1

14.5
15.3

15.1
15.9

16.6
17.4

13.4
14.2

13.4
14.2

12.9
13.6

12.5
13.2

13.0
13.7

13.3
14.0

11.8
12.4

12.4
13.0

11.7
12.3

11.6
12.2

11.5
12.1

11.0
11.7

10.9
11.5

10
11

-.7

-.7

-.7

-.7

-.8

-.8

-.9

-.9

-.8

-.8

-.8

-.7

-.7

-.7

-.7

-.7

-.7

-.6

-.6

-.6

-.6

-.6

-.6

-.6

12

27.4
26.1

27.5
26.5

27.9
26.8

28.1
27.0

28.6
27.4

28.7
27.9

28.5
27.7

28.2
27.9

28.0
27.0

27.8
26.9

28.3
27.3

28.5
27.6

29.3
28.6

30.2
29.1

30.9
30.3

31.6
30.9

32.2
31.6

13
14

.3
.9

.1
.9

.2
.9

.2
.9

-.1
.9

-.1
.9

-.5
.9

.1
.9

-.1
1.0

-.2
1.0

.2
.9

-.3
1.0

15
16

8.6

9.0

9.5

9.8

10.2

10.6

10.9

11.2

11.4

11.2

-.4
.9
11.2

-.3
1.0

8.2

.0
.9
10.6

.1
1.0

8.1

.3
.9
9.4

11.3

11.4

17

14.6 14.8 15.1
-3.4 -3.6 -3.7

18
19

23.7
22.8

24.3
24.0

25.9
26.6

25.6
26.8

26.8
27.8

26.8
26.2

27.2
25.7

.0
.9
6.8

-.6
.9

-1.7
.9

-2.1
.9

-1.9
.9

-.3
.9

.5
.9

6.9

7.2

9.7
-2.9

9.8
-2.9

10.1
-2.9

10.2
-2.9

10.4
-3.0

10.7
-3.2

11.1
-3.4

11.6
-3.5

11.7
-3.5

12.1
-3.4

12.3
-3.3

12.6
-3.2

12.8
-3.2

13.1
-3.3

13.6
-3.4

14.1
-3.5

14.1
-3.5

14.3
-3.4

14.5
-3.3

14.6
-3.2

14.5
-3.3

28.0

31.6

36.0

39.0

38.0

37.8

38.0

38.8

36.5

34.2

33.6

37.6

38.4

37.7

36.5

29.4

31.9

33.3

34.9

38.3

43.6

44.8

44.7

45.9

20

31.7

35.4

40.0

43.4

42.4

42.3

42.7

43.5

41.0

38.6

38.1

42.0

42.8

41.8

40.4

33.1

35.5

36.5

38.1

41.2

45.9

46.8

46.7

48.0

21

32.4
13.6
18.8
8.3
10.5

38.8
16.3
22.4
8.3
14.1

47.3
19.9
27.4
9.1
18.3

51.9
21.8
30.1
9.5
20.6

51.2
26.3
24.9
8.3
16.6

43.4
22.3
21.1
8.5
12.6

39.2
20.2
19.1
8.4
10.7

42.0
21.6
20.4
8.5
11.9

39.8
19.9
19.9
8.0
11.9

37.4
18.7
18.7
8.5
10.2

37.4
18.7
18.7
8.5
10.2

41.2
20.6
20.6
8.7
12.0

43.3
21.6
21.6
8.4
13.3

43.4
21.7
21.7
9.1
12.6

42.4
21.2
21.2
9.0
12.2

33.1
16.6
16.5
8.8
7.7

35.5
16.4
19.1
9.3
9.8

36.5
16.9
19.7
8.7
11.0

38.7
17.9
20.8
9.1
11.8

41.7
19.3
22.4
9.2
13.2

47.0
21.4
25.6
9.8
15.8

47.7
21.7
26.0
9.9
16.1

48.9
22.2
26.7
10.5
16.1

50.8
23.1
27.7
10.7
17.0

22
23
24
25
26
27

-.7

-3.3

-7.3

-8.5

-8.7

-1.0

3.5

1.5

1.3

1.2

.7

.8

-.4

-1.6

-2.0

.0

.0

.0

-.7

-.5

-1.1

- . 9 -2.2 -2.8

-3.7

-3.9

-4.0

-4.4

-4.5

-4.5

-4.7

-4.7

-4.6

-4.4

-4.4

-4.4

-4.4

-4.2

-4.0

-3.7

-3.6

-3.3

-3.1

-2.8

-2.3

-2.0 -2.0 -2.1

2.2

2.2

2.3

2.3

2.5

2.6

2.8

2.8

2.9

3.0

3.1

3.1

3.2

3.3

3.3

3.7

3.9

4.2

4.4

4.6

4.7




4.8

4.8

4.8

28
29

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

40

Table 1.13.—National Income by Type of Income: Annually, 1946-74, and
[Billions of
1957

1956

1958

1959

Line
I

3
4
5
6
7
g
9

10
11
12
13
14
15
16
17
18
19

III

National income
2

II

340.0

344.8

347.8

Comnensation of employees.

237.1

241.7

244.7

222.7
37.8

226.8
38.5

184.8
14.4
6.8

Wages and salaries
Government and government enterOther .
Supplements to wages and salaries
Employer contributions for social

insurance.

I

II

III

354.4

360.3

362.1

250.5

254.2

256.0

229.2
39.2

234.6
39.6

237.5
40.2

188.3

190.1

195.0

14.8
6.9

15.5
7.3

15.9
7.4

IV

IV

I

II

III

IV

365.8

360.4

354.3

355.4

366.3

379.4

389 5

258.6

257.0

254.0

253.5

259.6

265 8

273 1

238.9
40.7

241.1
41.5

239.4
41.6

236.6
42.6

236.1
43.7

241.7
44.8

247.5
45.2

253.1
45.4

197.3

198.2

199.6

197.8

193.9

192.4

196.9

202.3

16.7
8.0

17.0
8.1

17.5
8.3

17.7
8.3

17.4
8.2

17.4
8.2

17.9
8.5

18.3
8.5

I

II

III

IV

402 1

396 6

400 1

280 2

280 9

284 1

259.6
45.8

260.0
46.2

263.0
46.7

207.7

213.8

213 8

216 3

20.0
9.9

20.6
10.1*

20.9
10.1

21.1
10.2

7.6

7.9

8.2

8.5

8.6

8.9

9.2

9.4

9.2

9.2

9.4

9.8

10.1

10.5

10.8

10 9

42.9

43.1

44.0

44.5

44.3

44.7

45.7

45.2

47.1

47.1

47.4

48.0

47.5

47.8

46.8

46.8

Farm
.
-Proprietors' income with inventory
valuation adjustment and without
capital consumption adjustment.
Capital consumption adjustment

10.9
11.5

10.8
11.4

11.6
12.2

11.5
12.1

10.6
11.3

10.8
11.5

11.4
12.2

11.4
12.2

13.6
14.4

13.1
13.9

13.0
13.7

12.7
13.5

11.6
12.5

10.9
11.8

10.0
10.9

10.1
11.1

-.6

-.6

-.6

-.6

-.7

-.7

-.8

-.8

-.8

-.7

-.8

-.8

-.8

-.9

-.9

-.9

Nonfarm
-Proprietors' income without inventory valuation and capital consumption adjustments.
Inventory valuation adjustment
Capital consumption adjustment

31.9
31.4

32.3
31.9

32.4
31.6

33.0
32.4

33.7
32.9

34.0
33.2

34.2
33.2

33.8
33.0

33.5
32.5

33.9
32.9

34.4
33.2

35.2
34.2

35.9
34.8

36.8
35.8

36.8
35.5

36.7
35.1

-.5
1.0

-.7
1.0

-.3
1.1

-.6
1.1

-.4
1.2

-.4
1.2

-.1
1.2

-.3
1.2

-.1
1.1

-.1
1.1

.1
1.1

-.1
1.2

-.2
1.3

-.2
1.3

.0
1.3

.2
1.3

Rental income of persons with capital
consumption adjustment.

11.4

11.6

11.7

11.8

12.1

12.4

12.5

12.7

12.8

12.9

13.1

12.8

13.1

13.4

13.6

15.1
—3.7

15.2
-3.6

15.3
-3.6

15.3
-3.5

15.4
-3.5

15.7
-3.6

16.1
-3.7

16.2
-3.7

16.4
-3.8

16.6
-3.8

16.7
-3.8

16.9
-3.8

16.7
-3.9

17.1
-4.0

17.5
—4.1

17.7
—4.2

Other labor income

-.

Proprietors' income with inventory valuation and capital consumption adjustments.

Rental income of persons
Capital consumption adjustment

11.9

20

Corporate profits with inventory valuation and capital consumption adjustments.

43.6

43.3

42.0

42.2

43.9

43.0

42.4

38.8

33.0

34.1

38.3

43.9

47.4

52.3

46.8

46.5

21

Corporate profits with inventory valuation adjustment and without capital consumption adjustment.

45.8

45.9

45.3

46.0

47.5

46.4

45.6

41.8

36.2

37.6

41.7

47.4

50.6

55.0

49.8

49.2

48.7
22.0
26.7
10.9
15.8

49.6
22.4
27.2
10.9
16.2

46.5
21.1
25.5
11.0
14.5

49.1
22.2
26.9
11.4
15.5

49.9
22.8
27.1
11.5
15.7

47.9
21.8
26.0
11.7
14.3

46.9
21.4
25.5
11.8
13.7

42.8
19.5
23.2
11.5
11.7

36.4
16.8
19.6
11.4
8.2

37.3
17.2
20.1
11.4
8.6

42.0
19.4
22.6
11.3
11.3

48.2
22.2
26.0
11.0
15.0

51.5
23.4
28.1
11.7
16.4

56.2
25.8
30.4
12.1
18.4

50.0
23.0
27.1
12.4
14.7

48.7
22.4
26.3
12.5
13.8

-2.9

-3.6

-1.2

-3.0

-2.4

-1.5

-1.3

-.9

-.2

.3

-.2

-.9

-.9

-1.2

-.2

.5

—2.2

—2.7

—3.4

—3.8

-3.6

—3.4

—3.3

-3.1

-3.2

-3.5

—3.4

-3.4

-3.2

-2.8

-3.0

-2.7

5.0

5.2

5.4

5.4

6.0

6.3

6.8

6.9

7.5

7.8

8.2

8.6

8.7

8.7

8.8

9.1

22
23
24
25
26
27
28
29

Profits before tax
Profits tax liability
Profits after tax.. . . .
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest




..

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

41

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

1960

1963

1964

1965
Lino

II

III

IV

410.7

419.5

427.2

439.5

448.5

296.4

300.5

305.4

312.0

318.4

272.4
50.5

272.8
51.1

276.6
51.8

281.2
52.8

287.2
54.1

292.1
55.3

223.2

221.9

221.7

224.9

228.4

233.1

23.2
11.8

23.6
12.1

23.9
12.2

24.2
12.3

24.7
12.5

I

II

III

IV

I

412.9

413.0

412.5

409.6

292.5

295.4

296.2

295.6

269.8
47.7

272.5
48.6

273.0
49.8

222.2 223.9

I

II

III

IV

I

II

455.4

459.6

465.9

471.2

324.3

327.1

330.5

335.3

297.5
55.9

299.8
56.4

302.8
57.6

236.8

241.5

243.4

26.4
13.8

26.9
14.0

27.3
14.0

I

II

III

IV

479.0

486.6

494.6

505.8

515.3

340.1

345.0

351.1

357.4

364.7

306.5
58.6

310.9
59.3

315.4
60.1

320.7
61.9

326.6
63.1

333.2
64.1

245.3

248.0

251.6

255.2

258.8

263.6

27.7
14.2

28.8
15.2

29.2
15.4

29.7
15.6

30.4
15.9

30.8
15.8

III

IV

I

525.3

530.4

547.1

559.0 570.9 586.9

1

371.9

377.8

384.5

391.2 399.3 411.2

2

339.7
65.6

345.0
66.7

351.1
67.4

357.1 364.5 375.3
68.5 70.4 73.1

269.1

274.1

278.3

283.7

288.7 294.0 302.2

3
4
5

31.5
16.0

32.2
16.2

32.9
16.4

33.4
16.3

II

34.1
16.5

III

22.7
11.7

22.9
11.8

23.1
11.9

11.0

11.2

11.3

11.4

11.5

11.7

11.9

12.2

12.5

12.9

13.2

13.5

13.6

13.7

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.6

47.6

48.0

48.3

49.1

49.5

49.7

49.7

49.5

49.9

50.1

50.5

50.9

51.0

52.1

52.7

53.2

54.4

56.6

11.9
12.9

11.6
12.6

11.7
12.6

12.0
12.9

12.1
13.1

12.0
12.9

11.7
12.7

11.7
12.6

11.8
12.7

11.8
12.7

11.6
12.5

11.3
12.2

10.2
11.2

10.1
11.1

10.1
11.1

10.6
11.6

11.4
12.4

12.9
13.8

13.1
14.0

9

1 0

10

1 0

9

9

9

9

10

IV

10

46.3

47.6

47.1

46.9

10.2
11.1

11.7
12.6

11.9
12.8

12.0
12.9

34.9
16.8

35.9
17.2

6
7

18.1

18.7

8

57.4

58.2

9

12.9
13.8

10
11
19

36.2
34.9

35.9
34.4

35.2
33.7

35.0
33.6

35.7
34.5

36.3
35.1

36.7
35.6

37.1
36.0

37.4
36.1

37.8
36.5

38.0
36.7

37.8
36.3

38.1
36.4

38.3
36.8

38.9
37.4

39.6
38.0

40.8
39.1

42.0
40.1

42.6
40.8

42.5
40.9

43.0
41.5

43.7
42.3

44.4
42.8

45.4
44.1

13
14

1
1.3

1
1.3

.2
1.3

.1
1.3

-.1
1.3

.0
1.2

—.1
1.2

—.1
1.2

.0
1.3

.0
1.3

-.2
1.4

.1
1.5

.1
1.5

-.1
1.6

—.1
1.7

-.1
1.7

.0
1.8

.0
1.8

—.1
1.8

-.1
1.7

-.2
1.6

.2
1.6

.1
1.6

3
1.6

15
16

13.6

13.7

13.8

14.0

14.1

14.2

14.4

14.5

14.7

14.8

15.1

15.5

15.6

15.7

15.7

15.7

15.9

16.0

16.2

16.4

16.7

17.0

17.3

17.5

17

17.7
-4.2

17.8
-4.1

17.9
-4.0

17.9
-4.0

18.0
-4.0

18.2
-4.0

18.4
-4.0

18.6
-4.1

18.7
-4.0

18.8
-4.0

19.1
-4.0

19.4
-3.9

19.5
-3.9

19.6
-3.9

19.6
-3.9

19.7
-4.0

19.8
-4.0

20.0
-4.0

20.1
-4.0

20.3
-4.0

20.6
-4.0

20.9 21.2 21.4
-3.9 -3.9 -3.9

18
19

51.0

46.9

45.6

42.9

42.1

45.9

47.7

51.9

53.9

53.9

54.7

56.9

56.6

59.1

60.8

62.0

66.2

66.9

68.3

66.5

73.9

75.9

77.9

80.7

20

53.3

49.2

47.8

45.2

44.0

47.5

49.5

53.7

52.9

52.8

53.5

55.6

55.1

56.9

58.6

59.6

63.4

64.1

65.4

63.7

70.5

72.0

73.7

77.1

21

53.7
25.4
28.3
12.7
15.6

49.1
23.0
26.1
12.8
13.3

46.8
21.8
25.0
13.1
12.0

44.6
20.6
24.0
13.0
11.0

43.7
20.2
23.5
13.0
10.5

46.8
21.9
24.8
13.1
11.7

49.8
23.4
26.4
13.4
13.0

54.1
25.6
28.5
13.9
14.6

52.8
23.8
29.0
14.0
15.1

52.5
23.6
29.0
14.4
14.6

54.1
24.3
29.8
14.6
15.2

54.8
24.2
30.6
14.7
15.9

54.1
24.4
29.7
15.1
14.6

57.4
26.2
31.2
15.4
15.9

58.9
26.8
32.1
15.6
16.5

60.4
27.5
32.9
16.0
16.9

64.0
27.7
36.3
16.6
19.7

64.1
27.8
36.3
17.2
19.2

65.8
28.5
37.3
17.5
19.8

64.9
27.9
36.9
18.0
19.0

71.8
29.4
42.2
18.2
24.1

74.2
30.3
43.9
18.9
25.0

75.3
30.9
44.4
19.4
25.0

79.6
32.9
46.7
20.0
26.7

22
23
24
25
26

—.4

.1

.9

.6

.3

.8

-.3

—.4

.1

.3

-.6

.8

1.0

-.5

-.3

-.8

—.6

.0

-.5

-1.2

—1.3

-2.4

-2.3

-2.2

-2.3

-1.9

-1.6

-1.8

-1.8

.9

1.1

1.2

1.3

1.5

2.2

2.1

2.4

2.8

2.8

3.0

2.8

3.4

3.9

4.1

3.6

28

9.5

9.4

9.9

10.2

10.5

11.0

11.4

12.1

12.1

12.6

13.0

13.4

13.8

14.0

14.5

15.0

15.3

15.6

16.2

16.5

17.6

18.3

19.0

19.2

29




—2.2 - 1 . 5 - 2 . 5

27

42

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 1.13.—National Income by Type of Income: Annually, 1946-74, and
[Billions of
1966

1967

1968

Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

1

National income

606.3

617.7

627.7

637.1

641.2

647.8

660.1

674.2

690.3

708 6

723 4

735 4

2

Compensation of employees

423.4

434.5

445.5

453 8

460.2

465.8

475 4

486 2

500 3

513 2

527 0

ROQ

404.1
79.7

411.5
81.9

417.1
83.4

422.1
84.9

430.6
87.0

440.2
90.3

452.3
92.6

463.5
95.0

476.0
98.4

486.3
99.6

324.4

329.6

333.7

337.1

343.6

349.9

359.7

368 t
>

377 6

386 8

41.3
21.3

42.3
21.7

43.1
22.1

43.7
22.5

44.8
23.0

46.0
23.5

48.1
24.5

49.6
24.9

51.1
25.5

52.4
26.9

20 7

21.0

21.2

21.8

22.5

23.5

24.7

25 6

26 5

- 61.8

61.7

62.3

63.0

63.8

64.4

3
4
5

Wages and salaries
Government and government enterprises.
Other
. .

383.9
74.9
309.0

394.0
76.8
317.1

6
7

Supplements to wages and salaries
Employer contributions for social
insurance.

39.5
20.4

40.5
20.8

19.2

19.7

20.1

69.6

59.7

60.6

8

Other labor income

7

9

Proprietors' income with inventory valuation, and capital consumption adjustments.

61.4

60.2

60.1

10
11

Farm
Proprietors' income with inventory
valuation adjustment and without
capital consumption adjustment.
Capital consumption adjustment

15.2
16.2

13.7
14.7

13.2
14.3

12.2
13.3

11.6
12.7

12.0
13.1

12.4
13.5

12.4
13.6

11.7
12.9

11.4
12.7

12.2
13.5

12.8
14.1

-1.0

-1.0

-1.0

-1.1

-1.1

-1.1

-1.2

-1.2

-1.2

-1.3

-1.3

-1.4

46.2
44.9

46.5
45.2

46.8
45.6

47.3
45.7

48.1
46.5

48.7
47.1

49.5
48.2

49.3
48.1

50.6
49.5

61.6
50.5

61.7
50.6

61 7
50.7

-.3
1.6
17.8

-.3
1.6
18.1

-.4
1.7

.0
1.7

.0
1.7

-.2
1.7

—.4
1.7

-.4
1.6

-.5
1.6

-.4
1.5

-.4
1.5

-.5
1.4

18.3

18.5

19.0

19.5

19.6

19.4

19.1

18.8

18.5

18.1

21.7
-3.9

22.0
-3.9

22.2
-3.9

22.4
-3.9

22.9
-3.9

23.4
-3.9

23.6
-4.0

23.7
-4.2

23.6
-4.5

23.7
-4.9

23.9
-5.4

24.0
-5.9

12
13
14
15
16
17
18
19

Nonfarm
.
Proprietors' income without inventory valuation and capital consumption adjustments.
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital
consumption adjustment.
Rental income of persons
Capital consumption adjustment

20

Corporate profits with inventory valuation
and capital consumption adjustments.

83.1

83.4

81.6

82.0

78.8

78.0

78.7

81.6

82.7

87.1

86.9

86.4

21

Corporate profits with inventory valuation adjustment and without
capital consumption adjustment.

79.2

79.3

77.7

78.4

75.1

74.2

74.9

78.1

78.9

83.1

83.3

83.2

81.7
34.1
47.6
20.1
27.5

81.7
34.1
47.6
19.6
28.0

80.7
33.6
47.1
19.3
27.8

79.0
32.9
46.1
18.8
27.3

75.6
32.1
43.5
19.7
23.8

75.4
31.8
43.6
20.3
23.4

77.0
32.0
44.9
20.7
24.3

81.4
34.0
47.4
19.8
27.6

84.0
38.7
45.3
21.1
24.2

86.0
39.3
46.6
21.7
24.9

85.4
39.3
46.1
22.4
23.7

86.9
40.3
46.6
22.5
24.1

-2.5

-2.4

-2.9

-.6

-.5

-1.2

-2.0

-3.2

-5.1

-2.9

-2.0

-3.7

4.0

4.1

3.8

3.7

3.7

3.8

3.8

3.4

3.8

4.1

3.6

3.2

20.5

21.5

22.3

23.2

23.4

23.9

24.5

25.3

25.9

26.4

27.2

27.7

22
23
24
25
26

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits

27

Inventory valuation adjustment

28
29

.

Capital consumption adjustment
Net interest




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

43

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1969
I

II

III

I

IV

1972

1971

1970

1973*

1974*
Line

II

III

I

IV

II

III

IV

I

II

III

IV

I

II

III

I

IV

II

III

IV

750.2 763.8

776.5

781.2

787.9

795.7

805.8

804.0

835.0

851.8

863.4

882.1

919.1

937.2

959.8

991.7 1,031.2 1,052.9 1,078.1 1,106.8 1,122.3 1,129.6 1,151.3 1,161.3

1

550.8 564.6

579.9

590.1

600.8

606.2

614.1

615.5

633.0

645.1

655.7

667.3

691.9

706.9

720.4

741.4

769.7

787.8

805.4

828.0

843.9

863.9

886.3 898.1

2

496.2 508.7
100.7 102.5

522.3
107.4

531.0
108.9

540.1
113.2

544.1
115.2

550.6
117.0

551.0
118.4

565.2
122.6

575.7
124.5

584.6
127.1

594.5
128.9

613.8
133.6

626.7
135.3

637.9
138.2

656.6
143.2

676.5
144.9

692.5
147.0

707.6
149.4

727.1
153.1

738.7
155.6

755.6
158.0

774.3
160.7

783.6
165.9

396.5 406.2

415.0

422.1

426.9

428.8

433.6

432.6

442.6

451.3

457.5

465.6

480.2

491.4

499.7

513.4

531.6

545.5

558.2

573.9

683.1

597.6

613.6

617.7

3
4
5

72.7
34.7

78.0
38.7

80.2
39.0

82.5
39.6

84.8
40.4

93.2
47.6

95.3
48.6

97.8
49.7

101.0
51.1

105.2
53.8

108.3
54.8

112.0
56.4

114.4
56.9

6
7

54.6
27.6

55.9
28.2

57.6
29.0

59.0
29.5

60.7
30.3

62.1
30.7

63.5
31.0

64.4
30.8

67.8
33.4

69.4
33.9

71.2
34.4

27.0

27.7

28.6

29.5

30.5

31.4

32.6

33.6

34.4

35.5

36.8

38.1

39.4

41.3

42.8

44.4

45.6

46.7

48.1

49.8

51.4

53.4

55.5

57.6

8

66.2

66.5

66.2

66.0

65.7

65.5

64.7

64.7

67.3

66.8

66.4

70.4

73.6

76.1

75.8

79.0

85.9

90.1

95.0

96.0

93.0

81.8

82.1

83.6

9

13.7
15.1

13.7
15.1

13.8
15.2

14.6
16.0

14.9
16.3

14.3
15.6

13.3
14.6

13.2
14.6

15.4
16.8

13.9
15.5

12.6
14.3

15.3
17.3

17.0
19.0

18.2
20.2

17.1
19.1

19.8
21.8

26.5
28.7

31.2
33.7

35.2
38.0

36.8
39.9

33.7
37.1

22.3
25.9

21.9
25.7

24.6
28.6

10
11

-1.4 -1.4

-1.4

-1.5

-1.4

-1.3

-1.3

-1.4

-1.5

-1.6

-1.8

-2.0

-2.0

-2.0

-2.0

-2.0

-2.2

-2.4

-2.7

-3.1

-3.4

-3.6

-3.8

-4.0

12

52.5
61.6

52.9
51.9

52.4
51.0

51.4
50.7

50.8
50.2

51.2
50.5

51.4
51.1

51.5
51.2

51.9
51.8

52.9
52.4

53.9
63.2

55.1
63.9

56.6
55.0

58.0
56.0

58.7
56.9

59.2
57.5

59.4
58.6

58.9
58.9

59.7
59.0

59.3
58.9

59.3
60.3

59.5
60.9

60.2
64.5

59.0
62.5

13
14

-.6
1.5

-.6
15

—.1
1.4

-.6
1.3

-.5
1.1

-.3
1.0

-.6
.9

-.6
.9

-.4
.9

-.4
1.1

-.4
1.5

-.5
2.1

-.5
2.5

-.8
2.6

-1.2
2.9

-1.8
2.6

-2.3
2.2

-1.5
2.3

-1.7
2.1

-2.9
1.9

-3.3
1.8

-5.8
1.5

-4.6
1.1

15
16

18.2

18.3

18.0

17.9

18.2

18.5

18.8

19.1

-.6
.7
19.3

20.0

20.5

20.8

22.1

18.2

23.2

22.7

21.8

21.2

21.3

21.1

21.1

21.0

20.9

20.9

17

24.5 24.9
-6.3 -6.6

24.9
-6.9

25.0
-7.0

25.3
-7.1

25.7
-7.1

26.0
-7.1

26.2
-7.1

26.5
-7.3

27.4
-7.5

28.6
-7.8

29.2
-7.1

26.7
-8.5

30.9
-8.1

30.3
-8.5

30.5 31.5
32.1
32.6
33.0 33.2
32.7
- 9 . 3 -10.2 -11.0 -11.5 -11.8 - 1 2 . 0 -12.3

18
19

79.9

86.8

89.9

30.9
-7.7
92.6

99.0

101.9

99.6

98.9

100.4

99.6

94.3

89.2

82.0

20

86.0

84.2

81.0

74.6

68.9

68.9

69.4

64.4

73.9

77.5

28.1
-7.7
77.5

82.2

80.1

77.4

71.9

66.8

67.0

68.0

63.8

73.3

76.9

77.3

80.4

84.9

87.2

89.9

96.2

99.4

97.4

97.9

99.6

100.3

96.0

92.0

86.1

21

87.5
41.4
46.1
22.2
23.9

85.5
40.6
44.9
22.4
22.5

81.2
38.5
42.7
22.7
20.0

79.6
38.2
41.4
23.0
18.4

72.7
34.6
38.1
23.0
15.2

71.7
34.6
37.1
23.0
14.1

73.2
35.4
37.7
22.9
14.8

68.3
33.3
35.1
22.7
12.4

77.6
37.1
40.4
23.2
17.2

81.2
38.1
43.1
23.0
20.1

83.2
37.7
45.5
23.1
22.4

85.9
37.8
48.1
22.7
25.4

90.0
39.3
50.7
23.8
26.9

92.3
40.0
52.3
24.3
28.1

96.5
41.4
55.0
24.9
30.2

105.8
45.4
60.4
25.4
34.9

115.2
47.8
67.5
26.4
41.0

117.9
48.8
69.1
27.2
41.9

115.8
47.8
68.0
28.1
39.9

119.1
48.6
70.5
29.5
41.0

128.3
49.4
78.9
30.0
48.9

129.6
52.6
77.1
30.9
46.2

146.7
59.3
87.4
31.7
55.7

123.9
49.2
74.7
31.7
43.0

22
23
24
25
26

-5.2 -5.3

-3.8

-7.7

-5.9

-4.6

-5.1

-4.6

-4.3

-4.3

-5.9

-5.6

-5.1

-5.2

-6.5

- 9 . 6 -15.8 -20.6 -17.9 -19.5 - 2 8 . 0 -33.7 -54.7 -37.7

27

.6

7

.3

—.5

1.9

2.7

2.7

2.7

2.5

2.2

41.6

42.5

43.2

43.9

44.7

46.0

47.7

49.6

51.9

54.3

3. i

4.1

3.6

2.7

2.0

10

14

6

29.0

30.2

31.4

32.6

34.4

36.7

38.8

40.3




1.0

.7

—.7

—1.7

—2.7

—4.2

28

57.6

61.3

64.8

68.7

72.7

76.7

29

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

44

Table 1.14.—National Income by Sector, Legal Form of
[Millions of
1946

1948

1947

1949

1950

1951

1952

1953

1954

1955

1956

1957

178,327

Corporate business i

219,007

212,670

236,203

272,297

285,827

299,735

299,131

328,020

346,911

362,264

171,759

194,814

186,161

207,554

236,472

245,977

258,496

256,771

282,779

298,345

310,324

118,760

114,184

130,230

150,207

155,982

166,904

164,227

186,195

197,478

205,044

66,473
3,411

82,173
77,991
4,182

91,227
86,770
4,457

88,962
84,287
4,675

98,768
92,799
5,969

26,098

32,677

132,397
123,331
9,066
33,204

166,739
153,686
13,053

28,265

134,208
125,568
8,640
34,337

158,390
146,669
11,721

21,502

123,226
115,291
7,935
34,281

144,864
134,557
10,307

16,204

114,725
107,328
7,397
36,934

43,020

41, 111

40,179

24,151
-5,263
-2,684

30,765
-5,899
-3,364

34,334
-2,152
-3,917

28,081
1,856

41,616
-4,965
-3,974

42,721
-1,199
-4,588

37,757
981

39,401
-997

36,718
-318

46,865
-1,736
-2,099

46,810
-2,693
-3,006

45,064
-1,639
-3,336

-455

Business

194,556

152,507

National income.

-276

-732

-876

-1,215

-1,452

-1,689

-2,023

-1,874

74,694

77,596

80,180
33,099
1,433

85,633

Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Inventory valuation adjustment...
Capital consumption adjustment-.
Net interest
2

Sole proprietorships and partnerships .
Compensation of employees
Wages and salaries
Supplements to wages and salaries.

57,073
19,818

Proprietors' income with inventory
valuation and capital consumption adjustments.

58,426

64,910

59,915

71,119

22,414
21,761
653
35,664

23,978
23,349
629
40,503

23,521
22,887
634

25,009
24,235
774

35,911

38,141

27,899
26,988
911
42,555

15,202
15,616

17,505
18,129

12,659
13,360

13,473
14,147

15,784
16,619

-4,457

-4,067

-3,196

-1,525

-1,641

-1,374

72,852

72,637
30,943
29,929
1,014
40,995

71,930
30,703
29,595
1,108
40,488

31,715
30,525
1,190
42,161

33,409
32,123
1,286

12,940
13,673

12,300
12,929

11,259
11,887

11,205
11,800

11,043
11,795

29,504
28,542
962
42,652
14,896
15,682

34,632

44,636

Farm
Proprietors' income and inventory valuation adjustment and
without capital consumption
adjustment.
Capital consumption adjustment.

14,928

-161

-414

-624

-701

-674

-835

-786

-733

-628

-595

-752

Nonfarm
Proprietors' income without inventory valuation and capital
consumption adjustments.
Inventory valuation adjustment.
Capital consumption adjustment.

21,462
23,116

20,462
21,564

22,998
22,895

23,252
21,931

24,668
24,835

26,771
26,161

27,756
26,608

28,055
27,297

28,188
27,262

30,902
30,130

32,063
31,473

32,695

-1,705
51

-1,471
369

-410
513

463
858

-1,094
927

-327
937

201
947

-168
926

-49
975

-198
970

-602
1,092

-300
1,198

Net interest..
Other private business 8~
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Proprietors' income with inventory
valuation and capital consumption
adjustments.
Rental income of persons with capital consumption adjustment.
Rental income of persons
Capital consumption adjustment...
Net interest
Government enterprises *..
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Households and institutions
Compensation of employees
Wages and salaries
Supplements to wages and salaries..
Government
Compensation of employees
Wages and salaries
Supplements to wages and salaries..

285

348

429

483

545

739

818

919

1,012

7,905

7,969

8,828

9,498

10,934

12,147

13,654

15,410

17,017

18,028

19,217

20,818

629
610
19
172

676
22

785
18

849
815
34

1,067
1,031

1,274
1,227
47
318

1,367
1,311
56

212

1,206
1,161
45
311

1,342
1,290
52

208

1,100
1,063
37
287

1,170
1,131

177

978
938
40
214

332

343

5,467

5,252

5,701

6,116

7,071

7,710

10,026

11,029

11,270

11,634

12,247

7,280
-1,813

7,729
-2,477

8,508
-2,807

-2,823

9,960
-2,889

-3,259

12,188
-3,385

13,384
-3,358

14,360
-3,331

14,750
-3,480

15,232
-3,598

15,868
-3,611

1,637

1,842

2,116

2,321

2,671

3,106

3,464

3,910

4,471

5,166

5,909

6,861

1,896

1,965

2,316

2,564

2,695

2,999

3,489

3,545

3,697

3,862

4,064

4,282

1,896
1,834

1,965
1,903

2,316
2,245
71
5,599

2,564
2,483

2,695
2,599

2,999
2,899
100
6,899

3,387
102

3,545
3,458

3,597
3,634
63
8,073

3,862
3,748
114
9,068

4,054
3,878

4,282
4,047

62

62

4,492

5,140

4,492
4,444

5,140
5,087

48

53

5,599
5,540
17,431
17,431
16,762

81

96

5,923

6,437
6,358

64

79

264

6,437

5,923
5,859

696

7,216

6,767
132

7,216
7,075
141

27,397

31,161

27,397
26,314
1,083

31,161
29,974
1,187

304

87
7,769
7,769
7,606
163

176

235

9,804

10,514

9,804
9,571

10,514
10,248

8,073
7,881
192

8,866
212

32,478

34,194

233

266

32,478
31,360
1,128

34,194
32,826
1,368

36,596

39,125

19,441
31,942
20,879
16,715
36,596
39,125
19,441
31,942
20,793
16,715
20,879
34,900
36,941
1,979
18,330
1,473
1,809
1,529
30,861
1,163
Rest of the world
18,866
15,610
20,019
1,111
1,105
1,927
860
1,696
2,184
2
1,081
-70
14
-57
Compensation of employees..
1,145
942
535
1,333
1,422
1,579
1,099
1,162
Corporate profits
2,166
2,301
68
-40
78
444
1,528
470
372
184
241
353
Net interest
832
425
984
-82
-78
255
150
271
-7
1,813
3. Consists of all business activities reported on the individual income tax return in Schedule
•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
1,135
E—Supplemental Income Schedule; tax-exempt cooperatives; and owner-occupied nonfarm
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
436
400
dwellings and buildings owned by nonprofit institutions serving individuals, which are
CURRENT BUSINESS.
considered to be business establishments selling their current services to their owners.
1. Consists of the domestic activities of all entities filing corporate tax returns, mutual
4. Consists of those activities of government whose operating costs are at least to a subfinancial institutions, private noninsured pension funds, cooperatives subject to Federal income
stantial extent covered by the sale of goods and services to the public. Interest paid and
taxes, nonprofit organizations serving business, Federal Reserve banks, and federally sponsored credit agencies.
interest received are excluded from costs and sales, respectively, in judging whether the
activity qualifies as a government enterprise.
2. Sole proprietorships consists of the business activities reported on the individual income
tax return in Schedule C—Profit (or Loss) From Business or Profession and Schedule F—
Farm Income and Expenses, farm dwellings, and subsistence farms. Partnerships includes all
entities filing partnership income returns.




20,793

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

45

Organization, and Type of Income: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

363,995

397,083

412,008

424,246

457,366

482,841

519,204

565,959

622,215

655,805

714,418

767,929

798,374

858,067

951,935 1,067,250 1,141,107

1

308,188

338,327

348,552

356,227

383,957

404,588

434,210

474,475

520,327

542,157

588,115

630,487

647,429

691,554

770,296

2

198,415

225,168

233,587

238,447

261,484

277,983

300,956

332,267

368,281

385,636

423,974

459,265

470,852

503,553

564,296

634,453

679,796

3

164,147
150,988
13,159

180,657
165,444
15,213

190,842
174,032
16,810

195,592
178,180
17,412

210,956
191,208
19,748

222,580
201,220
21,360

239,053
215,982
23,071

259,726
234,332
25,394

288,283
258,352
29,931

308,284
276,248
32,036

339,981
303,566
36,415

377,749
336,340
41,409

399,314
353,955
45,359

423,832
373,296
50,536

470,632
411,367
59,265

531,835
460,762
71,073

582,431
502,051
80,380

4
5
6

35,748

46,435

44,671

44,558

52,242

56,984

63,848

73,826

79,780

76,245

82,563

77,726

64,105

72,633

87,236

93,350

80,240

7

39,370
-255
-3,367

49,804
-453
-2,916

46,631
327
-2,287

46,243
90
-1,775

50,951
138
1,153

55,084
-153
2,053

61,568
-543
2,823

71,939
-1,865
3,752

77,986
-2,098
3,892

74,314
-1,744
3,675

82,338
-3,447
3,672

79,703
-5,526
3,549

67,699
-5,067
1,473-

77,409
-5,029
253

91,311
-6,597
2,522

110,183
-18,441
1,608

121,080
-38,533
-2,307

8
9
10

-1,480

-1,924

-1,926

-1,703

-1,714

-1,581

-1,945

-1,285

218

1,107

1,430

3,790

7,433

7,088

6,428

9,268

17,125

11

82,614

84,151

83,984

84,824

86,999

88,732

93,013

98,905

105,434

106,931

112,378

117,064

118,026

123,519

134,548

156,421

157,910

12

34,465
33,008
1,457

36,113
34,265
1,848

36,163
34,155
2,008

35,621
33,543
2,078

36,235
33,973
2,262

36,993
34,542
2,451

38,911
36,405
2,506

39,974
37,443
2,531

42,371
39,430
2,941

42,829
39,829
3,000

45,434
42,173
3,261

46,485
43,032
3,453

47,385
43,806
3,579

49,002
45,175
3,827

50,643
46,442
4,201

55,214
50,196
5,018

60,970
55,336
5,634

13
14
15

46,998

46,864

46,600

47,844

49,168

49,878

51,775

66,201

59,820

60,478

62,920

65,752

64,692

67,266

75,559

91,200

84,630

16

13,102
13,864

10,661
11,557

11,420
12,344

11,808
12,742

11,872
12,822

11,601
12,546

10,279
11,233

12,568
13,509

13,596
14,621

12,080
13,235

12,003
13,307

13,944
15,368

13,932
15,293

14,289
15,991

18,003
20,013

32,421
35,068

25,629
29,344

17
18

868,672

920,771

-762

-896

-924

-934

-950

-945

-954

-941

-1,025

-1,155

-1,304

-1,424

-1,361

-1,702

-2,010

-2,647

-3,715

19

33,896
32,806

36,203
34,930

35,180
33,763

36,036
34,878

37,296
35,930

38,277
36,690

41,496
39,744

43,633
42,165

46,224
44,835

48,398
46,947

50,917
49,839

51,808
50,803

50,760
50,212

52,977
52,291

57,556
55,767

58,779
58,212

59,001
61,421

20
21

-56
1,146

-54
1,327

91
1,326

-60
1,218

-42
1,408

-45
1,632

-48
1,800

-198
1,666

-280
1,669

-254
1,705

-449
1,527

-471
1,476

-506
1,054

-443
1,129

-746
2,535

-1,831
2,398

-4,142
1,722

22
23

1,151

1,174

1,221

1,359

1,596

1,861

2,327

2,730

3,243

3,624

4,024

4,827

5,949

7,251

8,346

10,007

12,310

24

22,418

23,915

25,420

27,128

29,231

31,147

32,990

35,521

38,122

40,482

41,731

43,158

45,817

50,684

56,335

61,129

64,219

25

1,400
1,340
60

1,456
1,383
73

1,529
1,462
67

1,723
1,634
89

1,905
1,804
101

2,056
1,942
114

2,136
2,020
116

2,235
2,112
123

2,405
2,254
151

2,550
2,394
156

2,771
2,597
174

3,082
2,878
204

3,315
3,085
230

3,673
3,414
259

4,118
3,810
308

4,464
4,101
363

4,823
4,420
403

26
27
28

383

360

378

412

445

464

472

473

486

496

487

466

448

449

579

542

483

29

12,867

13,230

13,758

14,287

15,028

15,680

16,098

17,117

18,181

19,376

18,624

18,105

18,644

20,108

21,543

21,331

20,965

30

16,677
-3,810

17,261
-4,031

17,818
-4,060

18,294
-4,007

18,984
-3,956

19,587
-3,907

20,070
-3,972

21,049
-3,932

22,080
-3,899

23,384
-4,008

23,800
-5,176

24,802
-6,697

25,782
-7,138

27,663
-7,555

29,414
-7,871

31,089
-9,758

32,878
-11,913

31
32

7,768

8,869

9,755

10,706

11,853

12,947

14,284

15,696

17,050

18,060

19,849

21,505

23,410

26,454

30,095

34,792

37,948

33

4,741

5,093

5,561

5,828

6,243

6,726

7,251

7,782

8,490

9,108

10,032

11,000

12,734

13,798

15,117

16,669

18,846

34

4,741
4,447
294

5,093
4,742
351

5,561
5,144
417

5,828
5,379
449

6,243
5,757
486

6,726
6,187
539

7,251
6,661
590

7,782
7,171
611

8,490
7,800
690

9,108
8,344
764

10,032
9,182
850

11,000
10,063
937

12,734
11,568
1,166

13,798
12,370
1,428

15,117
13,480
1,637

16,669
14,777
1,892

18,846
16,549
2,297

35
36

11,441

12,345

13,833

14,406

15,532

16,554

17,769

19,211

21,148

23,945

26,371

29,238

31,642

34,650

37,218

40,413

44,810

38

11,441
11,140
301

12,345
11,897
448

13,833
13,275
558

14,406
13,800
606

15,532
14,830
702

16,554
15,745
809

17,769
16,886
883

19,211
18,235
976

21,148
19,947
1,201

23,945
22,542
1,403

26,371
24,780
1,591

29,238
27,389
1,849

31,642
29,562
2,080

34,650
32,279
2,371

37,218
34,512
2,706

40,413
37,230
3,183

44,810
41,179
3,631

39

37

40
41

42,123

43,995

47,146

50,528

54,307

58,021

62,876

67,592

76,546

85,142

95,179

103,740

114,687

125,249

137,372

149,122

161,123

42

42,123
39,648
2,475

43,995
41,284
2,711

47,146
44,006
3,140

50,528
47,056
3,472

54,307
50,551
3,756

58,021
53,797
4,224

62,876
58,218
4,658

67,592
62,689
4,903

76,546
70,533
6,013

85,142
78,076
7,066

95,179
87,191
7,988

103,740
94,808
8,932

114,687
104,404
10,283

125,249
113,412
11,837

137,372
124,109
13,263

149,122
133,821
15,301

161,123
143,508
17,615

43
44
45

2,243

2,416

2,477

3,085

3,570

3,678

4,349

4,681

4,194

4,561

4,753

4,464

4,616

6,614

7,049

9,043

14,403

46

-72
1,734
581

-80
1,809
687

T142

-130
2,343
872

-80
2,620
1,030

-48
2,622
1,104

-39
3,141
1,247

23
3,270
1,388

47
2,758
1,389

57
3,016
1,488

47
3,230
1,476

60
3,719
685

73
3,786
757

67
4,565
1,982

45
4,845
2,159

28
6,822
2,193

19
11,039
3,345

47
48
49

1,909
710




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

46

Table 1.15.—Gross Domestic Product of Corporate Business: Annually, 1946-74, and
1946

Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

Billions of dollars
1

Gross domestic product of corporate
business.

103.4

124.1

142.2

139.1

157.6

180.8

189.4

203.0

200.5

225.6

241.0

252.5

2

Capital consumption allowances with
capital consumption adjustment.

7.4

9.2

10.9

11.8

12.8

14.9

16.0

17.3

18.2

19.5

21.9

24.2

3
4

Net domestic Droduct
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory valuation and capital consumption
adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment-..
Capital consumption adjustment..
Net interest

96.0
10.4

114.9
11.5

131.2
12.5

127.3
13.1

144.8
14.5

165.9
15.7

173.4
17.4

185.7
18.8

182.3
18.1

206.1
19.9

219.1
21.6

228.3
23.2

85.6
69.9
66.5
3.4
16.2

103.4
82.2
78.0
4.2
21.5

118.8
91.2
86.8
4.5
28.3

114.2
89.0
84.3
4.7
26.1

130.2
98.8
92.8
6.0
32.7

150.2
114.7
107.3
7.4
36.9

156.0
123.2
115.3
7.9
34.3

166.9
134.2
125.6
8.6
34.3

164.2
132.4
123.3
9.1
33.2

186.2
144.9
134.6
10.3
43.0

197.5
158.4
146.7
11.7
41.1

205.0
166.7
153.7
13.1
40.2

24.2
9.1
15.0
5.4
9.6
-5.3
-2.7
-.5

30.8
11.3
19.5
6.1
13.4
-5.9
-3.4
-.3

34.3
12.4
21.9
6.8
15.2
-2.2
-3.9
-.7

28.1
10.2
17.9
6.9
11.0
1.9
-3.8
-.9

41.6
17.9
23.7
8.4
15.3
-5.0
-4.0
-1.2

42.7
22.6
20.2
8.1
12.0
-1.2
-4.6
-1.5

37.8
19.4
18.4
8.2
10.2
1.0
-4.5
-1.5

39.4
20.3
19.1
8.5
10.7
-1.0
-4.1
-1.6

36.7
17.6
19.1
8.7
10.4
-.3
-3.2
-1.4

46.9
22.0
24.8
9.8
15.0
-1.7
-2.1
-1.7

46.8
22.0
24.8
10.5
14.3
-2.7
-3.0
-2.0

45.1
21.4
23 6
10.9
12.8
-1.5
-3.3
-1.9

5
6
7
8
9
10
11
12
13
14
15
16
17
18

Gross domestic product of financial
corporate business. 1

4.1

4.1

4.9

5.5

5.7

6.2

7.0

8.0

8.6

9.0

9.4

10.2

19

Gross domestic product of nonfinancial corporate business.

99.3

120.0

137.3

133.5

151.9

174.5

182.3

195.0

191.9

216.7

231.6

242.3

20

Capital consumption allowances with
capital consumption adjustment.

7.3

9.1

10.7

11.6

12.6

14.6

15.7

17.0

17.9

19.2

21.5

23.7

21
22

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salariesCorporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Profi ts tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment. __
Capital consumption adjustment...
Netinterest ..

92.1
10.1

110.9
11.2

126.5
12.1

121.9
12.6

139.3
14.1

159.9
15.2

166.7
16.8

178.1
18.2

174 1
17.4

197 5
19.2

210 1
20.8

218 5
22.4

81.9
67.2
63.9
3.3
14.1

99.8
79.1
75.1
4.0
19.9

114.4
87.8
83.5
4.3
25.8

109.3
85.3
80.8
4.5
23.0

125.2
94.7
89.0
5.7
29.6

144.7
110.2
103.1
7.1
33.4

149.8
118.3
110.7
7.6
30.3

159.9
128.7
120.5
8.3
29.9

156.6
126.5
117.8
8.6
28.6

178.3
138.5
128.6
9.8
38.2

189.2
151.4
140.2
11.2
36.1

196.2
159.1
146.6
12.5
35.0

22.0
8.6
13.4
5.1
8.3
-5.3
-2.7
.7

29.1
10.8
18.3
5.9
12.4
-5.9
-3.3
.8

31.8
11.8
20.0
6.5
13.5
-2.2
-3.9
.9

24.9
9.3
15.6
6.5
9.1
1.9
-3.8
1.0

38.5
16.9
21.6
7.9
13.6
-5.0
-3.9
.9

39.1
21.2
17.9
7.8
10.1
-1.2
-4.5
1.1

33.8
17.8
16.0
7.8
8.1
1.0
-4.4
1.2

34.9
18.5
16.4
8.0
8.4
-1.0
-4.0
1.3

32.1
15.6
16.4
82
8.2
-.3
-3.2
1.6

42.0
20.2
21.8
9 4
12.4
-1.7
-2.1
1.6

41.8
20.1
21.8
10.1
11.6
-2.7
-3.0
1.7

39 8
19.1
20.7
10 4
10.3
-1.5
-3.3
2.2

23
24
25
26
27
28
29
30
31
32
33
34
35

Billions of 1972 dollars
36

Gross domestic product of nonfinancial corporate business.

229.7

219.9

247.5

270.2

275.2

292.0

283.5

315.1

324.1

328.3

37

Capital consumption allowances with
capital consumption adjustment.

21.5

22.7

23.9

25.2

26.4

27.9

29.1

30.5

31.9

33.3

38
39

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income

208.1
25.8

197.2
26.2

223.6
28.4

245.1
29.4

248.7
30.4

264.1
31.9

254.3
32.4

284.6
34.3

292.1
35.7

295.0
36.9

182.3

170.9

195.2

215.7

218.4

232.3

221.9

250.3

256.4

258.1

40

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OP CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.




1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

47

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Lino

Billions of dollars
247.6

278.3

291.0

298.8

325.8

346.3

373.7

409.8

451.0

475.2

523.7

570.1

592.4

637.6

708.9

793.2

854.6

1

25.4

26.5

27.5

28.4

29.3

30.4

31.7

33.7

36.7

40.4

44.4

49.4

55.1

60.6

65.4

71.9

82.1

2

222.1
23.7

251.8
26.6

263.4
29.9

270.4
31.9

296.5
35.0

315.9
37.9

342.0
41.0

376.1
43.9

414.3
46.0

434.7
49.1

479.3
55.3

520.6
61.4

537.3
66.4

577.0
73.4

643.5
79.3

721.4
86.9

772.6
92.8

3
4

198.4
164.1
151.0
13.2
35.7

225.2
180.7
165.4
15.2
46.4

233.6
190.8
174.0
16.8
44.7

238.4
195.6
178.2
17.4
44.6

261.5
211.0
191.2
19.7
52.2

278.0
222.6
201.2
21.4
57.0

301.0
239.1
216.0
23.1
63.8

332.3
259.7
234.3
25.4
73.8

368.3
288.3
258.4
29.9
79.8

385.6
308.3
276.2
32.0
76.2

424.0
340.0
303.6
36.4
82.6

459.3
377.7
336.3
41.4
77.7

470.9
399.3
354.0
45.4
64.1

503.6
423.8
373.3
50.5
72.6

564.3
470.6
411.4
59.3
87.2

634.5
531.8
460.8
71.1
93.4

679.8
582.4
502.1
80.4
80.2

5
6
7
8
9

39.4
19.0
20.4
10.6
9.8
-.3
-3.4
-1.5

49.8
23.6
26.2
11.3
14.8
-.5
-2.9
-1.9

46.6
22.7
23.9
12.0
11.9
.3
-2.3
-1.9

46.2
22.8
23.5
12.3
11.2
.1
-1.8
-1.7

51.0
24.0
27.0
13.3
13.7
.1
1.2
-1.7

55.1
26.2
28.9
14.5
14.3
-.2
2.1
-1.6

61.6
28.0
33.6
16.0
17.6
-.5
2.8
-1.9

71.9
30.9
41.1
17.6
23.4
-1.9
3.8
-1.3

78.0
33.7
44.3
18.1
26.2
-2.1
3.9
.2

74.3
32.5
41.8
18.7
23.2
-1.7
3.7
1.1

82.3
39.4
42.9
20.5
22.4
-3.4
3.7
1.4

79.7
39.7
40.1
20.7
19.4
-5.5
3.5
3.8

67.7
34.5
33.2
20.7
12.6
-5.1
1.5
7.4

77.4
37.7
39.7
20.3
19.4
-5.0
.3
7.1

91.3
41.5
49.8
21.7
28.1
-6.6
2.5
6.4

110.2
48.2
61.9
24.7
37.3
-18.4
1.6
9.3

121.1
52.6
68.5
30.9
37.5
-38.5
-2.3
17.1

10
11
12
13
14
15
16
17

11.2

12.6

13.7

14.3

14.9

15.4

16.1

17.7

20.3

22.2

25.3

28.3

31.8

35.2

37.9

41.3

46.0

18

236.3

265.7

277.3

284.5

311.0

330.9

357.6

392.1

430.7

452.9

498.4

541.8

560.6

602.5

671.0

751.9

808.7

19

24.9

26.0

27.0

27.8

28.7

29.8

31.0

32.8

35.7

39.3

43.0

47.8

53.1

58.2

62.6

68.7

78.3

20

211.4
22.8

239.7
25.4

250.3
28.3

256.7
30.1

282.3
33.0

301.1
35.6

326.6
38.4

359.3
41.1

394.9
42.9

413.6
45.8

455.4
51.6

494.0
57.1

507.5
61.8

544.2
68.2

608.4
73.5

683.2
80.6

730.4
86.0

21
22

188.6
155.9
143.4
12.5
30.1

214.4
171.6
157.2
14.4
39.7

222.0
181.1
165.2
15.9
37.4

226.5
185.1
168.7
16.4
37.4

249.2
199.8
181.2
18.6
44.9

265.6
210.7
190.6
20.1
50.0

288.3
226.3
204.6
21.7
56.7

318.2
246.1
222.2
23.8
66.1

352.0
273.5
245.3
28.2
71.2

367.9
291.9
261.9
30.0
67.2

403.8
321.6
287.4
34.2
72.1

437.0
357.4
318.6
38.9
66.4

445.7
377.1
334.6
42.5
51.6

476.0
399.4
352.2
47.3
58.7

534.8
443.8
388.3
55.5
72.0

602.6
502.2
435.7
66.6
75.9

644.4
549.5
474.3
75.2
63.2

23
24
25
26
27

33.7
16.2
17.5
10.2
7.3
-.3
-3.4
2.7

43.1
20.7
22.3
10.8
11.5
-.5
-2.9
3.1

39.5
19.2
20.3
11.5
8.7
.3
-2.3
3.5

39.2
19.5
19.7
11.7
8.0
.1
-1.8
3.9

43.7
20.6
23.1
12.7
10.3
.1
1.0
4.5

48.3
22.8
25.5
14.1
11.4
-.2
1.9
4.8

54.6
24.0
30.7
15.3
15.4
-.5
2.6
5.3

64.4
27.2
37.2
17.2
20.0
-1.9
3.6
6.1

69.5
29.5
40.0
18.1
21.9
-2.1
3.8
7.4

65.4
27.7
37.7
18.9
18.8
-1.7
3.6
8.7

71.9
33.6
38.3
20.7
17.6
-3.4
3.6
10.1

68.4
33.3
35.1
20.7
14.4
-5.5
3.5
13.1

55.1
27.3
27.9
19.9
8.0
-5.1
1.5
17.0

63.3
29.9
33.3
20.0
13.3
-5.0
.5
17.9

75.9
33.5
42.4
21.7
20.7
-6.6
2.7
19.1

92.8
39.1
53.7
24.5
29.2
-18.4
1.6
24.5

103.8
42.7
61.1
30.5
30.6
-38.5
-2.1
31.7

28
29
30
31
32
33
34
35

Billions of 1972 dollars
313.4

347.3

358.9

366.7

399.7

425.4

455.2

494.6

532.9

545.8

581.6

607.3

600.6

619.3

671.0

717.7

697.6

36

34.3

35.3

36.4

37.5

38.7

40.1

41.5

43.4

46.0

48.8

51.5

54.5

57.4

60.0

62.6

65.8

69.3

37

279.0
37.6

312.0
40.2

322.5
41.8

329.2
43.4

361.0
46.6

385.4
49.1

413.7
51.4

451.3
54.3

487.0
57.6

496.9
59.0

530.1
61.7

552.8
64.9

543.2
65.7

559.2
69.2

608.4
73.6

651.9
78.0

628.2
77.4

38
39

241.4

271.9

280.7

285.8

314.4

336.3

362.3

397.0

429.4

438.0

468.4

487.9

477.5

490.1

534.8

573.9

550.8

40




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

48

Table 1.15.—Gross Domestic Product of Corporate Business: Annually, 1946-74, and
1946
Line

II

1947
III

IV

II

1948
III

IV

1949

II

III

IV

II

III

IV

Billions of dollars
Gross domestic product of corporate
business.

92.1

100.9

107.4

113.2

117.3

122.5

125.4

131.2

137.7

141.1

143.8

146.2

142.7

138.8

139.6

135.4

Capital consumption allowances with
capital consumption adjustment.

6.9

7.1

7.5

8.0

8.4

8.9

9.5

10.0

10.4

10.7

11.1

11.5

11.5

11.6

11.9

12.2

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory valuation and capital consumption
adjustments.
Profits before tax
Profits tax liability
Profits aftertax
Dividends
Undistributed profits
Inventory valuation adjustment-. _
Capital consumption adjustment...
Net interest

85.2
9.9

93.8
10.2

99.9
10.6

105.2
10.9

108.9
11.1

113.6
11.2

115.9
11.5

121.1
12.2

127.3
12.0

130.3
12.4

132.7
12.7

134.7
12.8

131.2
12.8

127.1
13.0

127.7
13.3

123.2
13.2

75.3
63.2
60.0
3.2
12.5

83.6
68.2
64.8
3.3
15.9

89.3
72.7
69.2
3.5
17.0

94.3
75.5
71.9
3.7
19.2

97.8
79.2
75.2
4.0
18.8

102.4
80.6
76.5
4.1
22.1

104.4
82.8
78.6
4.2
21.9

109 0
86.1
81.7
4.4
23.1

115.3
89.1
84.7
4.4
26 9

117.9
89.9
85.5
4.4
28.7

120.0
92.7
88.2
4.5
28.0

121.9
93.1
88.6
4.5
29.5

118.4
91.2
86.7
4.5
28.1

114.1
89.2
84.5
4.6
25.8

114.4
88.3
83.5
4.7
27.0

110.0
87.2
82.4
4.8
23.7

16.2
6.1
10.0
5.0
5.0
-1.2
-2.4
-.4

21.2
8.0
13.2
5.4
7.8
-2.8
-2.5
-.5

27.9
10.5
17.4
5.6
11.8
-8.1
-2.8
-.5

31.3
11.8
19.5
6.0
13.5
-8.9
-3.1
-.5

31.6
11.6
20.1
5.9
14.2
-9.7
-3.1
-.3

29.8
10.9
18.9
6.1
12.7
-4.7
-3.0
-.3

29.5
10.8
18.7
6.4
12.3
-4.0
-3.5
-.3

32.1
11.8
20.3
6.3
14.1
-5.2
-3.7
-.3

33.6
12.1
21.5
6.9
14.6
-2.9
-3.0
-.8

35.4
12.8
22.6
6.5
16.1
-2.9
-3.9
-.7

34.8
12.6
22.2
6.9
15.3
-2.8
-4.0
-.7

33.6
12.2
21.4
7.1
14.3
-.1
-4.0
-.7

30.5
11.1
19.4
6.9
12.5
1.4
-3.8
-.9

26.7
9.7
17.0
6.9
10.1
2.8
-3.8
-.9

27.9
10.1
17.7
6.8
11.0
3.0
-3.8
-.9

27.4
9.9
17.5
7.1
10.4
.2

Gross domestic product of financial
corporate business. l

4.0

4.1

4.1

4.1

3.9

4.0

4.0

4.5

4.2

4.7

5.2

5.4

5.5

5.5

5.5

5.7

19

Gross domestic product of nonfinancial corporate business.

88.1

96.8

103.3

109.1

113.4

118.5

121.4

126.7

133.4

136.4

138.7

140.7

137.3

133.3

134.0

129.8

20

Capital consumption allowances with
capital consumption adjustment.

6.8

7.0

7.4

7.9

8.3

8.8

9.3

9.9

10.2

10.6

10.9

11.3

11.3

11.4

11.7

12.0

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements-to wages and salaries.
Corporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment...
Capital consumption a d j u s t m e n t Net interest

81.3
9.6

89.8
9.9

95.9
10.3

101.2
10.6

105.1
10.8

109.8
10.9

112.0
11.1

116.8
11.8

123.2
11.6

125.8
12.1

127.7
12.3

129.5
12.4

125.9
12.4

121.8
12.6

122.4
12.8

117.8
12.7

71.7
60.6
57.6
3.1
10.4

79.9
65.5
62.3
3.2
13.8

85.6
69.9
66.6
3.3
15.0

90.6
72.7
69.2
3.5
17.2

94.3
76.2
72.4
3.9
17.2

98.9
77.5
73.6
3.9
20.6

100.9
79.8
75.7
4.1
20.3

105.0
82.9
78.7
4.2
21.3

111.6
85.8
81.6
4.2
24.8

113.7
86.6
82.3
4.2
26.3

115.5
89.2
84.9
4.3
25.4

117.1
89.6
85.3
4.3
26.6

113.6
87.6
83.3
4.3
25.0

109.2
85.5
81.1
4.4
22.7

109.5
84.6
80.1
4.5
23.9

105.0
83.4
78.8
4.6
20.6

14.0
5.6
8.4
4.7
3.7
-1.2
-2.4
.6

19.0
7.5
11.5
5.1
6.5
-2.8
-2.5
.7

25.8
10.0
15.8
5.3
10.5
-8.1
-2.7
.7

29.3
11.3
17.9
5.7
12.2
-8.9
-3.1
.7

30.0
11.1
18.9
5.6
13.2
-9.7
-3.1
.8

28.2
10.5
17.7
5.9
11.8
-4.7
-3.0
.7

27.8
10.4
17.5
6.2
11.3
-4.0
-3.5
.8

30.2
11.3
18.9
6.1
12.8
-5.2
-3.7
.8

31.4
11.6
19.8
6.6
13.2
-2.9
-3.7
.9

33.0
12.2
20.8
6.2
14.5
-2.9
-3.8
.9

32.1
11.9
20.2
6.6
13.6
-2.8
-3.9
.8

30.7
11.4
19.2
6.8
12.5
-.1
-4.0
.8

27.4
10.2
17.2
6.6
10.6
1.4
-3.8
.9

23.6
8.9
14.7
6.5
8.3
2.8
-3.7
1.0

24.7
9.3
15.5
6.3
9.1
3.0
-3.8
1.0

24.3
9.1
15.2
6.6
8.6
.2
-3.9
1.0

Billions of 1972 dollars
Gross domestic product of nonfinancial corporate business.

227.2

230.5

229.6

231.5

Capital consumption allowances with
capital consumption adjustment.

21.0

21.3

21.7

22.1

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
40

206.2
25.4

209.2
25.8

207.9
25.9

209.3
26.1

203.3
25.9

190.7
26.7

180.7

183.4

182.0

183.3

177.4

164.0

37




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

49

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
1950
I

II

1952

1951
III

I

IV

II

III

IV

I

II

1954

1953

III

II

I

IV

1955

III

IV

I

II

III

IV

I

II

Line
III

IV

Billions of dollars
142.5

152.0

163.9

171.7

177.1

179.7

181.5

185.0

186.3

184.9

187.3

199.3

203.8

206.2

205.4

196.7

197.6

198.0

199.6

206.6

217.1

12.3

12.5

12.9

13.5

14.1

14.6

15.2

15.6

15.6

15.8

16.0

16.4

16.7

17.1

17.5

17.8

17.8

18.0

18.3

18.6

18.7

130.2
13.5

139.6
14.2

151.0
15.6

158.2
14.9

163.1
15.9

165.1
15.1

166.3
15.5

169.4
16.4

170.6
16.6

169.2
17.2

171.2
17.6

182.9
18.3

187.0
18.6

189.1
19.0

187.9
18.9

179.0
18.8

179.7
18.1

180.1
18.0

181.4
17.9

116.8
90.9
85.5
5.4
27.1

125.4
95.8
90.1
5 7
30.7

135.4
101.7
95.5
6.2
34.9

143.3
106.6
100.1
6.5
37.9

147.2
111.6
104.5
7.1
37.0

150.0
114.8
107.4
7.4
36.7

150.8
115.5
108.0
7.5
36.8

153.0
117.0
109.3
7.7
37.5

154.0
120.2
112.4
7.8
35.3

152.0
120.4
112.6
7.8
33.1

153.7
122.7
114.7
8.0
32.5

164.6
129.6
121.4
8.2
36.5

168.5
132.8
124.3
8.4
37.3

170.1
135.2
126.6
8.6
36.4

169.0
135.2
126.5
8.7
35.4

160.2
133.7
124.9
8.8
28.3

161.6
132.2
123.3
9.0
30.6

162.0
131.4
122.5
8.9
31.9

163.5
131.4
122.3
9.1
33.6

31.5
13.6
17.9
7.9
10.0
-.7
-3.7

37.9
16.3
21.6
8.0
13.7
-3.3
-3.9

46.2
19.9
26.3
8.6
17.7
-7.3
-4.0

50.8
21.8
29.0
9.0
20.0
-8.5
-4.4

50.1
26.3
23.8
7.9
16.0
-8.7
-4.5

42.2
22.3
19.9
8.1
11.9
-1.0
-4.5

38.1
20.2
17.9
8.0
9.9
3.5
-4.7

40.7
21.6
19.1
8.1
11.0
1.5
-4.7

38.6
19.9
18.8
7.6
11.1
1.3
-4.6

36.4
18.7
17.7
8.2
9.4
1.2
-4.4

36.2
18.7
17.6
8.2
9.4
.7
-4.4

40.1
20.6
19.6
8.4
11.2
.8
-4.4

42.1
21.6
20.5
8.0
12.5
-.4
-4.4

42.2
21.7
20.5
8.8
11.7
-1.6
-4.2

41.3
21.2
20.1
8.7
11.4
-2.0
-4.0

32.0
16.6
15.4
8.5
6.9
.0
-3.7

34.1
16.4
17.8
8.9
8.9
.0
-3.6

35.2
16.9
18.3
8.2
10.1
.0
-3.3

37.4
17.9
19.5
8.6
10.9
—.7
-3.1

•I

i

223.7 228.5 233.9

1

20.1

20.3

2

188.0 198.4
18.3 19.0

204.7 208.3 213.6
19.8 20.2 20.6

3
4

169.7
134.6
125.3
9.3
36.7

179.4
139.0
129.2
9.8
42.0

185.0 188.1 193.0
143.3 146.7 150.5
133.1 136.2 139.7
10.2 10.5 10.7
43.3 43.1 44.2

5
6
7
8
9

40.1
19.3
20.8
8.7
12.1
-.5
-2.8

45.4
21.4
24.1
9.3
14.8
-1.1
-2.3

46.2 47.3 49.1
21.7 22.2 23.1
24.5 25.1 26.0
9.4 10.0 10.1
15.1 15.1 15.9
- . 9 -2.2 -2.8
-2.0 -2.0 -2.1

10
11
12
13
14
15
16

19.0

«?

1 0

1

A

1 e

1 c

1

K

1 r

1 e

1

A

i ft

1 0

i

^

1 d

I

C

1 7

i f

1 7

1 7

17

5.3

5.6

5.8

6.0

5.8

6.1

6.2

6.8

6.7

6.8

7.0

7.5

7.6

8.0

8.2

8.0

8.7

8.6

8.5

8.5

8.8

8.9

9.0

9.2

18

137.2

146.4

158.1

165.7

171.3

173.7

175.3

178.2

179.6

178.1

180.2

191.8

196.1

198.2

197.2

188.7

188.9

189.5

191.1

198.1

208.3

214.8 219.4 224.7

19

12.1

12.3

12.7

13.3

13.8

14.4

14.9

15.3

15.4

15.5

15.8

16.1

16.4

16.8

17.1

17.5

17.5

17.6

17.9

18.3

18.4

125.1
13.0

134.2
13.7

145.4
15.1

152.4
14.4

157.5
15.5

159.3
14.7

160.3
15.0

162.9
15.6

164.2
16.1

162.6
16.7

164.5
17.0

175.7
17.5

179.7
18.0

181.4
18.4

180.0
18.3

171.2
18.1

171.4
17.5

171.8
17.4

173.2
17.2

179.8
17.6

112.1
87.1
81.9

120.5
91.9
86.4

130.3
97.6
91.7

138.0
102.4
96.1

142.0
107.3
100.5

144.6
110.3
103.3

145.4
111.0
103.8

147.3
112.4
105.0

148.1
115.4
107.9

145.9
115.5
108.0

147.5
117.7
110.1

158.1
124.5
116.6

161.7
127.5
119.4

163.0
129.8
121.5

161.7
129.7
121.3

153.1
128.0
119.6

153.9
126.5
118.0

154.4
125.6
117.1

156.0
125.3
116.7

162.2
128.4
119.6

C Q

A Q

ft A

& ft

O A.

Q 7

m ft

24.1

27.7

31.8

34.8

33.7

33.2

33.3

33.8

31.6

29.3

28.6

32.4

33.0

32.0

30.8

23.7

26.0

27.3

29.0

32.1

37.3

38.6

38.2

28.4
12.6
15.8
7.4
8.3
-.7
-3.6
.9

34.8
15.3
19.6
7.5
12.0
-3.3
-3.8
.9

43.0
18.9
24.2
8.2
16.0
-7.3
-3.9
.9

47.6
20.8
26.8
8.6
18.2
-8.5
-4.3
.9

46.8
25.1
21.7

38.7
21.0
17.7

34.4
18.8
15.6

36.9
20.2
16.7

34.8
18.3
16.5

32.4
17.1
15.3

32.2
17.0
15.2

14.2
-8.7
-4.4
1.0

9.9
-1.0
-4.5
1.0

7.9
3.5
-4.6
1.1

8.9
1.5
-4.6
1.1

9.1
1.3
-4.5
1.2

7.4
1.2
-4.3
1.2

7.4
.7
-4.4
1.2

36.0
18.9
17.0
8.0
9.1
.8
-4.4
1.3

37.8
19.9
17.9
7.6
10.3
—.4
-4.4
1.2

37.8
20.0
17.8
8.3
9.5
-1.6
-4.1
1.2

36.7
19.4
17.3
8.2
9.1
-2.0
-3.9
1.3

27.3
14.7
12.6
8.0
4.6
.0
-3.6
1.4

29.5
14.4
15.1
8.5
6.6
.0
-3.5
1.4

30.6
14.9
15.7
7.8
7.8
.0
-3.2
1.5

32.8
16.0
16.8
8.2
8.7
-.7
-3.1
1.6

35.4
17.3
18.1
8.3
9.9
-.5
-2.8
1.8

1 ^

c n

1

*>

A

1

i

A

A

1

A

1

ft A.

i

19.9

20

190.0
18.4

196.2 199.7 204.7
19.1 19.5 19.9

21
22

171.6
132.7
123.4

177.1 180.1 184.9
137.0 140.3 143.9
127.3 130.2 133.6

23
24
25

18.6

19.8

1ft 9

Oft

39.4

27

40.7
19.6
21.1
8.9
12.2
-1.1
-2.3
1.6

41.4 42.5 44.2
19.9 20.4 21.3
21.5 22.0 22.9
9.0
9.6
9.7
12.5 12.4 13.2
- . 9 -2.2 -2.8
-2.0 -2.0 -2.1
1.6
1.6
1.6

28
29
30
31
32
33
34
35

314.6 318.4 322.8

36

Billions of 1972 dollars
227.0

241.6

255.7

264.7

267.3

269.8

271.1

273.0

273.4

269.9

271.8

285.9

292.9

296.5

294.8

283.8

280.7

279.6

282.6

290.8

305.1

23.4

23.6

24.0

24.4

24.7

25.0

25.4

25.7

25.9

26.2

26.6

27.0

27.3

27.6

28.1

28.5

28.7

28.9

29.3

29.7

29.9

203.6
27.3

218.0
28.0

231.7
29.3

240.3
29.0

242.7
29.4

244.9
29.0

245.8
29.3

247.2
29.6

247.5
29.7

243.7
30.1

245.2
30.4

258.9
31.2

265.6
31.6

268.8
31.9

266.8
32.0

255.4
32.0

252.1
31.9

250.7
32.1

253.3
32.5

261.1
33.0

176.3

190.0

202.4

211.3

213.2

215.8

216.4

217.6

217.8

213.6

214.8

227.7

234.0

237.0

234.8

223.4

220.1

218.6

220.8

228.1




31.0

37

27.52
33.5

284.5 287.5 291.7
34.0 34.5 35.0

38
39

241.8

250.5 253.0 256.7

40

30.2

30.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

50

Table 1.15.—Gross Domestic Product of Corporate Business: Annually, 1946-74, and
1956

Line
II

1957
III

IV

II

19*58

III

IV

II

1959

III

IV

II

III

IV

280.9

Billions of dollars
Gross domestic product of corporate
business.
Capital consumption allowances with
capital consumption adjustment.
Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment...
Capital consumption adjustmentNet interest
Gross domestic product of financial
corporate business.*
Gross domestic product of nonfinancial corporate business.
Capital consumption allowances with
capital consumption adjustment.
Net domestic product
Indirect business tax and nontax liability plus business transfer payments kss subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory
valuation and capital consumption
adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment...
Net interest

236.2

239.4

240.9

247.2

252.8

253.0

254.3

249.4

240.6

240.1

248.8

260.2

271.2

282.8

278.5

20.9

21.5

22.3

23.0

23.5

23.9

24.5

24.9

25.0

25.2

25.5

25.9

26.1

26.3

26.7

27.0

215.3
20.9

217.9
21.2

218.6
21.8

224.1
22.6

229.3
22.9

229.1
23.2

229.9
23.5

224.5
23.3

215.5
23.2

214.9
23.5

223.3
23.8

234.3
24.5

245.1
25.3

256.4
26.0

251.8
•27.3

253.8
28.0

194.4
154.4
143.1
11.3
41.8

196.7
157.2
145.6
11.6
41.5

196.8
158.7
146.8
11.9
40.1

201.5
163.2
151.1
12.2
40.5

206.4
166.0
153.3
12.7
42.1

205.9
166.8
153.8
13.0
40.9

206.4
167.9
154.7
13.2
40.4

201.2
166.2
152.9
13.3
37.0

192.4
162.4
149.4
13.0
31.4

191.4
160.5
147.6
13.0
32.4

199.5
164.5
151.3
13.2
36.5

209.8
169.2
155.7
13.6
42.2

219.8
176.2
161.5
14.7
45.6

230.5
181.8
166.6
15.2
50.6

224.6
181.5
166.1
15.4
45.0

225.8
183.1
167.6
15.6
44.5

46.9
22.0
24.8
10.3
14.5
-2.9
-2.2
-1.8

47.8
22.4
25.3
10.3
15.0
-3.6
-2.7
-2.0

44.7
21.1
23.6
10.4
13.3
-1.2
-3.4
-2.1

47.3
22.2
25.1
10.8
14.3
-3.0
-3.8
-2.2

48.1
22.8
25.4
10.9
14.5
-2.4
-3.6
-1.7
in V
A
IV.

45.8
21.8
24.0
11.0
13.0
-1.5
-3.4
-1.8

41.1
19.5
21.5
10.9
10.6
-.9
-3.1
-2.1
10.3

34.7
16.8
18.0
10.8
7.2
-.2
-3.2
-1.4
11 0
XI. V

35.5
17.2
18.3
10.8
7.6
.3
-3.5
-1.5
11 1

40.2
19.4
20.8
10.6
10.2
-.2
-3.4
-1.5

11 . ft
11 O

54.6
25.8
28.8
11.3
17.5
-1.2
-2.8
-1.9
12.3

48.2
23.0
25.2
11.5
13.7
-.2
-3.0
-1.8

11. 2
11 *

46.5
22.2
24.2
10.3
14.0
-.9
-3.4
-1.6
11 6

49.8
23.4
26.4
11.0
15.4
-.9
-3.2
-2.1

fA |
1U. 1

44.9
21.4
23.5
11.1
12.4
-1.3
-3.3
-1.9
10 3

i« |
lu. 1

46.7
22.4
24.3
11.6
12.7
.5
-2.7
-1.8
13.4

226.7

229.8

231.4

237.8

242.8

242.9

244.0

239.0

229.6

229.0

237.6

248.6

259.6

270.5

265.4

267.5

20.5

21.1

21.9

22.6

23.0

23.5

24.0

24.4

24.6

24.8

25.1

25.4

25.6

25.8

26.2

26.5

206.2
20.1

208.7
20.4

209.5
21.0

215.2
21.8

219.7
22.1

219.4
22.4

220.1
22.6

214.6
22.4

205.0
22.3

204.3
22.5

212.6
22.8

223.2
23.5

234.0
24.2

244.6
24.7

239.2
25.9

241.0
26.6

186.1
147.6
136.9
10.8
36.9

188.3
150.2
139.2
11.0
36.4

188.5
151.6
140.3
11.3
35.1

193.4
156.0
144.3
11.6
35.6

197.7
158.6
146.4
12.1
37.1

197.1
159.2
146.8
12.4
35.8

197.4
160.2
147.6
12.6
35.0

192.3
158.3
145.6
12.7
31.5

182.7
154.3
142.0
12.3
25.9

181.7
152.3
140.1
12.2
26.8

189.8
156.1
143.7
12.5
30.9

199.7
160.6
147.8
12.8
36.2

209.8
167.5
153.6
13.9
39.4

219.9
172.8
158.4
14.3
44.1

213.3
172.3
157.8
14.5
37.9

214.4
173.8
159.2
14.7
37.3

41.9
20.1
21.8
9.9
11.9
-2.9
-2.1
1.6

42.7
20.5
22.2
10.0
12.2
-3.6
-2.7
1.7

39.7
19.1
20.6
10.0
10.6
-1.2
-3.3
1.8

42.4
20.3
22.1
10.4
11.7
-3.0
-3.8
1.9

43.1
20.6
22.6
10.4
12.1
-2.4
-3.6
2.0

40.7
19.6
21.2
10.5
10.6
-1.5
-3.4
2.1

39.5
19.0
20.5
10.6
9.9
-1.3
-3.2
2.2

35.6
17.1
18.5
10.4
8.0
-.9
-3.1
2.4

29.3
14.1
15.2
10.3
4.8
-.2
-3.2
2.5

29.9
14.4
15.5
10.4
5.1
.3
-3.5
2.6

34.6
16.6
18.0
10.2
7.8
-.2
-3.4
2.8

40.5
19.3
21.2
9.9
11.3
-.9
-3.4
2.9

43.5
20.8
22.7
10.5
12.2
-.9
-3.2
2.9

48.0
23.1
25.0
10.8
14.1
-1.2
-2.8
3.1

41.1
19.9
21.2
10.9
10.3
-.2
-3.0
3.2

39.5
19.2
20.4
11.0
9.4
.5
-2.7
3.3

Billions of 1972 dollars
Gross domestic product of nonfinancial corporate business.

322.6

323.9

321.8

327.0

330.8

331.0

329.4

321.6

307.4

304.4

313.8

327.1

340.4

353.7

346.5

348.8

Capital consumption allowances with
capital consumption adjustment.

31.3

31.7

32.1

32.6

32.8

33.1

33.5

33.9

34.0

34.3

34.5

34.8

34.9

35.1

35.4

35.7

Net domestic product
Indirect business tax and nontax liability plus business transfer payments
less subsidies.
Domestic income
40

291.3
35.2

292.2
35.5

289.7
35.8

294.5
36.3

297.9
36.6

297.9
36.7

295.9
37.1

287.8
37.3

273.3
37.1

270.1
37.4

279.3
37.9

292.3
38.2

305.4
39.3

318.6
39.9

311.1
40.5

313.1
41.1

256.1

256.7

253.9

258.2

261.4

261.2

258.9

250.5

236.3

232.8

241.4

254.0

266.2

278.7

270.6

272.0

37




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

51

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
1962

1961

I960

1963

1964

1965
Line

III

rv

I

II

III

IV

I

343.6

349.7

355.2

364.3

370.7

378.4

381.5

397.5

29.9

30.2

30.5

31.0

31.1

31.4

31.9

32.5

32.8

301.7
35.9

306.7
36.7

313.5
37.5

319.2
38.4

324.2
39.1

333.1
39.7

339.3
40.4

346.4
41.6

349.0
42.3

262.9
212.4
192.5
19.9
52.2

265.8
213.9
193.7
20.2
53.8

270.1
217.8
196.9
20.9
53.9

276.0
220.9
199.8
21.1
56.6

280.7
224.0
202.5
21.5
58.2

285.1
227.6
205.6
22.0
59.2

293.4
232.2
209.9
22.3
63.0

298.8
237.0
214.2
22.8
63.8

304.8
241.7
218.3
23.4
65.2

50.0
23.6
26.5
13.3
13.1
.3
1.1
-1.6
15.0

51.6
24.3
27.3
13.5
13.8
-.6
1.2
-1.8
15.0

51.7
24.2
27.4
13.3
14.1
.8
1.3
-1.9
14.5

51.4
24.4
27.0
14.0
12.9
1.0
1.5
-1.7
15.2

54.9
26.2
28.8
14.4
14.3
-.5
2.2
-1.5
15.3

56.4
26.8
29.5
14.6
14.9
2.1
-1.5
15.5

57.6
27.5
30.2
14.9
15.2
-.8
2.4
-1.6
15.5

60.8
27.7
33.1
15.3
17.8
-.6
2.8
-1.8
15.8

61.0
27.8
33.3
15.9
17.4
.0
2.8
-2.0
15.8

305.0

309.1

312.8

316.9

321.4

328.3

334.2

339.7

348.5

28.3

28.4

28.5

28.8

29.1

29.3

29.5

29.9

30.3

259.0
30.4

268.2
31.4

276.6
32.2

280.6
32.6

284.0
33.6

287.8
33.8

292.1
34.5

298.8
35.2

304.3
36.1

223.7
183.2
167.0
16.2
36.7

228.6
186.3
169.8
16.5
38.3

236.8
190.3
173.4
16.9
42.3

244.4
195.8
177.7
18.1
44.3

248.0
199.6
181.2
18.5
43.9

250.5
201.2
182.4
18.8
44.6

254.0
202.7
183.7
19.0
46.6

257.6
206.3
186.6
19.7
46.8

263.6
209.2
189.4
19.9
49.6

37.6
18.6
19.0
11.6
7.4
.8
-1.7
3.8

40.4
20.1
20.3
11.7
8.6

44.5
22.2
22.3
12.1
10.2
-.4
-1.9
4.2

43.4
20.5
22.9
12.3
10.6
.1
.8
4.3

42.7
20.2
22.5
12.8
9.7
.3
1.0
4.4

44.1
20.9
23.2
13.0
10.3
-.6
1.1
4.6

44.6
21.0
23.6
12.9
10.8
.8
1.2
4.8

44.4
20.9
23.5
13.6
9.9
1.0
1.4
4.5

I

II

III

IV

I

II

III

IV

I

II

III

294.7

293.2

289.4

286.7

288.0

295.3

301.1

310.6

319.8

324.2

327.8

27.2

27.4

27.7

27.9

28.0

28.2

28.5

28.8

28.9

29.1

29.4

29.7

267.5
29.1

265.8
29.5

261.8
30.2

258.7
30.6

260.0
30.9

267.1
31.3

272.6
32.2

281.8
33.3

290.9
34.1

295.1
34.6

298.5
35.6

238.4
191.0
174.3
16.8
49.1

236.3
193.2
176.3
16.8
45.0

231.6
189.8
173.0
16.8
43.8

228.1
189.4
172.5
16.8
40.8

229.1
190.8
173.8
17.0
39.8

235.8
193.7
176.5
17.2
43.7

240.4
196.8
179.3
17.5
45.3

248.5
201.0
183.1
17.9
49f4

256.7
206.8
187.5
19.2
51.6

260.5
210.7
191.1
19.6
51.4

51.9
25.4
26.4
11.9
14.5
-.4
-2.4
-1.8
13*8

47.2
23.0
24.2
11.9
12.2
.1
-2.3
-1.9
13.8

45.0
21.8
23.2
12.3
10.9
.9
-2.2
-2.0
13.7

42.5
20.6
21.9
12.1
9.8
.6
-2.3
-2.1
13.5

41.4
20.2
21.2
12.0
9.2
.3
-1.9
-1.5
14.4

44.6
21.9
22.7
12.1
10.5
.8
-1.6
-1.7
14.4

47.4
51.6
23.4
25.6
23.9
26.0
12.3
12.7
11.7
13.3
— 3 -.4
-l'.8 - 1 . 8
-1.7 -1.9
14.2
14.2

50,5
23.8
26.7
13.0
13.8
.1
.9
-1.6
14.9

280.8

279.3

275.7

273.2

273.6

281.0

286.9

296.4

26.6

26.8

27.1

27.4

27.4

27.7

28.0

254.2
27.6

252.5
28.0

248.6
28.6

245.8
29.0

246.2
29.3

253.3
29.6

226.6
181.5
165.7
15.8
41.8

224.6
183.5
167.6
15.9
37.7

220.0
179.9
164.0
15.9
36.6

216.8
179.4
163.5
15.9
33.8

216.9
180.7
164.6
16.1
32.6

44.5
21.9
22.7
11.3
11.3
-.4
-2.4
3.3

39.9
19.4
20.5
11.4
9.0
.1
-2.3
3.4

37.9
18.3
19.6
11.8
7.8
.9
-2.2
3.5

35.5
17.2
18.3
11.5
6.7
.6
-2.3
3.7

34.3
16.8
17.4
11.4
6.0
.3
-1.9
3.7

IV

I

II

II

III

IV

Billions of dollars

-L8
4.0

331.4 336.6

404.2 412.5 425.0

1

34.8

2

364.7
43.5

371.0 378.6 390.2
43.5 43.8 44.8

3
4

306.7
245.3
221.5
23.9
63.4

321.3
252.5
228.0
24.5
70.4

327.5 334.8 345.4
256.6 261.3 268.4
231.6 235.7 242.1
25.1 25.7 26.3
72.3 74.7 77.9

5
6
7
8
9

62.7
28.5
34.2
16.2
18.0
-.5
3.0
-2.0
16.2

61.7
27.9
33.8
16.6
17.2
-1.2
2.8
-2.0
16.5

68.3
29.4
38.9
16.6
22.3
-1.3
3.4
-1.7
16.6

70.7 72.1 76.7
30.3 30.9 32.9
40.4 41.2 43.8
17.3 17.9 18.7
23.1 23.3 25.1
-2.2 -1.5 -2.5
3.9
4.1
3.6
-1.4 -1.2 - . 9
17.1 17.8 19.1

10
11
12
13
14
15
16
17
18

354.9

362.2

365.0

380.9

387.1 394.7 405.9

19

30.5

30.7

31.2

31.7

32.0

33.1

33.9

20

309.4
36.6

318.0
37.1

324.1
37.8

331.0
38.9

333.3
39.6

348.9
40.7

354.7 361.6 372.0
40.7 41.0 41.9

21
22

268.3
212.0
191.9
20.2
51.3

272.8
215.3
194.7
20.6
52.4

280.9
219.8
198.9
20.9
56.0

286.3
224.4
202.9
121.4
56.7

292.1
228.8
206.9
21.9
58.0

293.7
232.2
209.7
22.4
56.1

308.2
239.2
216.2
23.0
63.4

314.0 320.6 330.1
243.1 247.6 254.3
219.6 223.5 229.6
23.5 24.1 24.7
64.9 66.9 69.3

23
24
25
26
27

48.1
22.7
25.4
14.0
11.4
-.5
2.0
4.7

49.7
23.4
26.2
14.2
12.1
-.3
2.0
4.9

51.0
24.1
26.9
14.5
12.4
-.8
2.2
5.0

54.0
23.8
30.2
14.7
15.5
-.6
2.6
5.2

54.2
23.8
30.4
15.2
15.2
.0
2.5
5.2

55.7
24.5
31.3
15.5
15.8
-.5
2.7
5.3

54.7
23.8
30.9
15.9
15.0
-1.2
2.6
5.4

61.4
26.0
35.4
16.0
19.3
-1.3
3.2
5.6

63.4 64.5 68.3
26.7 27.2 28.8
36.6 37.4 39.5
16.8 17.6 18.5
19.9 19.8 21.0
-2.2 -1.5 -2.5
3.7
3.4
3.9
6.0
6.5
6.1

28
29
30
31
32
33
34
35

488.9 496.9 511.3

36

44.4

37

q
— . «J

33.2

32.4

33.9

Billions of 1972 dollars
364.5

361.7

356.2

353.1

353.6

361.7

369.0

382.6

392.0

397.4

402.3

407.2

412.9

422.9

430.5

435.5

445.5

452.4

459.6

463.4

481.4

36.0

36.2

36.6

36.9

37.0

37.3

37.7

38.1

38.2

38.4

38.8

39.2

39.5

39.8

40.2

40.7

40.9

41.2

41.7

42.2

42.5

328.6
41.1

325.4
41.7

319.6
41.9

316.2
42.3

316.7
42.5

324.4
43.1

331.3
43.6

344.5
44.6

353.8
45.5

358.9
46.2

363.5
46.9

358.0
47.9

373.4
48.3

383.1
48..8

390.2
49.4

394.8
49.8

404.5
50.5

411.2
50.8

417.9
51.9

421.2
52.4

438.9
53.1

446.0 453.2 466.9
53.9 54.5 55.7

38
39

287.5

283.8

277.7

273.9 274.2

281.3

287.6

299.9

308.3

312.8

316.5

320.1

325.1

334.3

340.9

345.0

354.0

360.4

366.0

368.8

385.8

392.1 398.7 411.2

40




42.9

43.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

52

Table 1.15.—Gross Domestic Product of Corporate Business: Annually, 1946-74, and
1966

Line

II

1967

IV

III

II

1968

IV

III

III

IV

Billions of dollars
Gross domestic product of corporate
business.

438.1

448.8

454.9

462.2

465.6

469.0

478.0

488.1

503.8

518.5

530.5

541.9

Capital consumption allowances with
capital consumption adjustment.

35.4

36.1

37.1

38.3

38.9

39.7

40.9

42.2

42.8

43.6

44.9

46.4

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment- . .
Capital consumption adjustment-.
Net interest

402.8
44.6

412.7
45.8

417.7
46.5

423.9
47.2

426.6
47.5

429.3
48.3

437.1
49.7

445.9
50.9

461.1
52.6

474.9
54.4

485.6
56.4

495.5
57.7

358.2
278.1
249.0
29.1
80.5

367.0
286.4
256.7
29.7
80.6

371.3
292.0
261.8
30.2
78.9

376.7
296.7
265.9
30.8
79.2

379.1
302.1
270.9
31.3
76.1

381.0
304.7
273.1
31.6
75.5

387.4
310.8
278.6
32.3
75.4

395.0
315,5
282.5
33.1
78.0

408.4
327.2
292.6
34.7
79.9

420.5
335.8
299.8
36.0
83.6

429.2
344.2
307.2
37.0
83.6

437.8
352.7
314.7
38.0
83.1

79.0
34.1
44.9
18.8
26.1
-2.5
4.0
-.4

78.9
34.1
44.8
18.3
26.5
-2.4
4.1
.0

78.0
33.6
44.4
18.0
26.3
-2.9
3.8
.4

76.1
32.9
43.2
17.4
25.8
-.6
3.7
.8

72.9
32.1
40.8
18.4
22.4
-.5
3.7
.9

72.9
31.8
41.1
19.1
22.0
-1.2
3.8
.9

73.6
32.0
41.6
19.1
22.5
-2.0
3.8
1.2

77.8
34.0
43.8
18.1
25.7
-3.2
3.4
1.5

81.2
38.7
42.6
20.0
22.6
-5.1
3.8
1.2

82.4
39.3
43.1
20.2
22.9
-2.9
4.1
1.2

82.1
39.3
42.8
21.0
21.8
-2.0
3.6
1.4

83.6
40.3
43.3
21.1
22.3
-3.7
3.2
1.9

Gross domestic product of financial
corporate business. 1

20.1

20.0

20.5

20.7

21.1

21.9

22.6

23.3

24.1

24.9

25.8

26.2

19

Gross domestic product of nonfinancial corporate business.

418.0

428.8

434.3

441.5

444.4

447.1

455.4

464.8

479.7

493.6

504.7

515.7

20

Capital consumption allowances with
capital consumption adjustment.

34.5

35.1

36.1

37.2

37.9

38.6

39.7

40.9

41.5

42.2

43.5

44.9

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salariesCorporate profits with inventory
valuation and capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment...
Capital consumption adjustment...
Net interest

383.5
41.6

393.6
42.7

398.2
43.3

404.3
44.0

406.6
44.2

408.5
45.0

415.7
46.3

423.8
47.5

438.2
49.1

451.3
50.8

461.2
52.6

470.8
53.8

341.9
263.7
236.3
27.4
71.6

351.0
271.7
243.7
28.0
72.2

354.9
277.1
248.6
28.4
70.2

360.4
281.6
252.6
29.0
70.7

362.3
286.6
257.2
29.4
67.4

363.5
288.5
258.9
29.6
66.5

369.4
294.1
263.9
30.2
66.4

376.3
298.4
267.4
31.0
68.6

389.1
309.8
277.2
32.6
69.8

400.6
317.7
284.0
33.7
73.1

408.6
325.4
290.7
34.7
73.0

417.0
333.5
297.8
35.7
72.5

70.2
30.0
40.3
18.6
21.7
-2.5
3.8
6.7

70.6
30.0
40.6
18.2
22.4
-2.4
4.0
7.1

69.5
29.4
40.1
18.1
22.0
-2.9
3.7
7.6

67.7
28.6
39.1
17.6
21.5
-.6
3.6
8.1

64.3
27.5
36.9
18.6
18.3
-.5
3.6
8.3

64.0
27.0
37.0
19.3
17.7
-1.2
3.7
8.5

64.6
27.3
37.4
19.3
18.1
-2.0
3.8
8.9

68.5
29.0
39.5
18.4
21.1
-3.2
3.4
9.3

71.2
33.1
38.0
20.2
17.8
-5.1
3.8
9.4

72.0
33.6
38.4
20.4
18.0
-2.9
4.0
9.7

71.5
33.4
38.1
21.1
16.9
-2.0
3.6
10.2

73.0
34.4
38.7
21.2
17.5
-3.7
3.2
10.9

Billions of 1972 dollars

39
40

Gross domestic product of nonfinancial corporate business.

523.3

531.4

536.8

540.1

539.4

541.5

547.6

554.3

566.5

577.9

587.7

594.1

Capital consumption allowances with
capital consumption adjustment.

36

44.9

45.5

46.3

47.2

47.7

48.3

49.2

50.0

50.5

51.0

51.9

52.8

Net domestic product
Indirect business tax and nontax liability plus business transfer payments
less subsidies.
Domestic income

478.4
56.7

486.0
57.4

490.4
58.0

492.8
58.3

491.6
58.4

493.2
58.8

498.5
59.1

504.3
59.6

516.0
60.4

526.9
61.0

535.8
62.3

541.3
63.0

421.7

428.6

432.5

434.5

433.2

434.4

439.4

444.7

455.6

465.9

473.5

478.3

Table 1.16.—Auto Output: Annually, 1947-74, and Seasonally Adjusted
[Billions o
Line

1947
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases of goods and
services.
Change in business inventories of new
and used autos
New
Used
."."."____"":
Addenda:
Domestic output of new autos i
Sales of imported new autos *

1948

1949

1950

1952

1953

1954

1955

1956

1957

7.3

8.9

12.0

15.5

13.4

12.2

16.3

14.9

21.5

17.2

19.6

7.1
4.8
4.0
.8
1.8
1.9
-.1
.4
.4
.0
.1

8.6
6.2
5.0
1.2
2.0
2.3
-.3
.3
.4
.0
.1

11.9
9.0
7.7
1.3
2.5
3.0
-.5
.3
.3
.0
.1

15.3
11.7
10.3
1.4
3.2
38
-.6
.3
.3
.0
.1

13.3
10.1
8.6
1.5
2.6
3.4
-.8
.5
.5
.0
.1

12.0
9.3
8.0
1.3
2.2
3.1
-.9
.4
.4
.0
.2

15.8
12.0
11.1
.9
3.2
4.1
-.9
.4
.5
.0
.2

15.2
11.3
10.8
.5
3.3
4.1
-.8
.4
.5
.0
.2

20.4
15.7
13.8
1.9
4.0
4.8
-.8
.5
.6
.1
.2

17.4
13.5
11.6
2.0
3.2
4.0
-.8
.5
.6
.1
.2

18.7
14.7
12.6
2.1
3.6
4.5
-.9
.2
.5
.3
.2

.1

.3

.1

.2

.1

.1

.5

-.3

1.0

-.2

.0
.2

-.1
.2

.4
.1

-.3
.0

.1

-.3
.1

.2

12.4
.0

11.4
.1

16.1
.1

15.1
.1

20.1
.1

15.7
.2

17.9
.4

.1
.0

.2
.1

.1
.1

.1
.1

6.5
.0

7.8
.0

11.1
.0

14.6
.0

•Revised estimates for 1973 and 1974 \ull be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF


CURRENT BUSINESS.


1951

1. Consists of final sales and change in business inventories of new autos produced in
the United States.
,
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.

53

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
1969
I

II

1970
III

I

IV

II

1971
III

IV

I

II

1972
IV

III

I

1974 *

1973*

II

III

IV

I

II

III

IV

I

II

Line

III

IV

Billions of dollars
851.4 868.2 869.2

1

87.2

2

784.8 782.1
94.7 94.5

3
4

678.9 690.1 687.6
577.1 592.5 596.8
497.8 510.7 513.3
79.3 81.8 83.5
85.5 79.2 71.0

5
6
7
8
9

99.8 108.7 111.4 109.3 111.4 113.9 120.9 136.7 112.9
52.6 59.3 49.2
47.8
48.6
49.4
48.8
47.8
45.4
68.3 77.4 63.7
60.9
62.8
64.5
62.6
61.5
54.4
33.0 33.3 30.6
23.2
26.1
26.7
24.1
25.3
21.9
35.3 44.1 33.0
37.8
36.7
37.7
38.5
36.2
32.5
- 9 . 6 - 1 5 . 8 -20.6 -17.9 -19.5 - 2 8 . 0 - 3 3 . 7 -54.7 -37.7
2.5
.7
- . 7 -1.7 -2.7 -4.2
2.2
1.0
2.7
16.3 18.3 19.8
7.5
11.8
14.0
8.1
9.7
7.2

10
11
12
13
14
15
16
17

556.4

568.8

576.6

578.5

583.8

590.1

599.3

596.6

621.1

632.7

643.0

653.8

683.8

701.1

713.0

737.8

768.5

783.6

799.8

821.0

829.7

47.3

48.4

50.1

51.9

52.9

54.2

55.9

57.6

58.6

59.8

61.3

62.8

62.9

65.8

65.4

67.3

68.6

70.7

72.5

75.6

77.5

80.1

509.0
58.8

520.4
60.7

526.4
62.5

526.6
63.5

530.9
64.4

535.9
65.8

543.4
67.2

539.0
68.3

562.5
71.3

573.0
72.1

581.6
74.4

590.9
76.1

620.9
76.6

635.3
78.0

647.6
79.9

670.5
82.4

699.9
84.9

712.9
86.5

727.3
87.7

745.4
88.5

752.2
89.6

771.3
92.4

450.3
365.1
325.2
39.9
82.4

459.7
375.6
334.8
40.8
80.7

464.0
382.7
340.7
42.0
77.0

463.1
387.6
344.7
42.9
70.8

466.5
396.2
351.9
44.2
64.5

470.1
397.8
352.9
44.9
65.3

476.1
402.4
356.6
45.9
65.6

470.7
400.8
354.4
46.4
61.0

491.2
413.0
364.3
48.8
70.2

500.9
421.1
371.1
50.0
72.4

507.2
426.7
375.7
51.1
73.8

514.9
434.4
382.1
52.3
74.1

544.2
455.3
398.6
56.7
83.0

557.3
465.8
407.3
58.5
85.4

567.6
473.6
413.6
60.0
87.5

588.0
487.8
426.0
61.8
93.0

615.0
512.2
443.7
68.5
95.4

626.3
525.3
455.2
70.0
93.0

639.5
537.5
465.8
71.7
92.4

656.9
552.4
478.3
74.1
92.7

662.6
563.4
486.4
76.9
85.2

83.9
41.4
42.5
20.4
22.2
-5.2
3.8
2.8

81.9
40.6
41.3
20.6
20.7
-5.3
4.1
3.5

77.2
38.5
38.7
20.6
18.1
-3.8
3.6
4.2

75.8
38.2
37.7
21.0
16.6
-7.7
2.7
4.7

68.4
34.6
33.8
20.4
13.4
-5.9
2.0
5.8

68.1
34.6
33.5
20.9
12.6
-4.6
1.9
6.9

69.3
35.4
33.9
20.6
13.2
-5.1
1.4
8.1

64.9
33.3
31.7
20.7
11.0
-4.6
.6
8.9

73.9
37.1
36.8
21.2
15.6
-4.3
.6
8.0

76.1
38.1
38.0
19.9
18.0
-4.3
.7
7.4

79.4
37.7
41.7
20.8
20.9
-5.9
.3
6.7

80.2
37.8
42.4
19.1
23.2
-5.6
-.5
6.3

86.2
39.3
46.9
21.5
25.4
-5.1
1.9
6.0

87.9
40.0
47.9
21.5
26.4
-5.2
2.7
6.0

91.4
41.4
49.9
21.7
28.2
-6.5
2.7
6.5

27.9

28.6

28.4

28.4

29.9

30.4

32.5

34.6

34.4

34.9

35.9

35.5

36.9

38.0

38.1

38.7

40.3

41.0

41.2

42.7

43.6

528.5

540.3

548.2

550.1

553.9

559.7

566.8

562.0

586.7

597.8

607.0

618.3

646.9

663.1

674.9

699.1

728.1

742.6

758.5

778.3

786.2

45.8

46.8

48.4

50.0

51.0

52.2

53.8

55.4

56.4

57.4

58.9

60.3

60.3

63.1

62.6

64.4

65.6

67.7

69.3

72.2

74.1

482.8
54.7

493.5
56.4

499.8
58.1

500.0
59.0

502.9
59.9

507.5
61.3

513.0
62.6

506.6
63.5

530.3
66.2

540.4
66.9

548.2
69.1

558.0
70.6

586.6
71.1

600.0
72.3

612.3
74.2

634.7
76.5

662.5
78.8

675.0
80.3

689.3
81.3

706.2
82.0

428.0 437.0 441.7
345.3 355.0 362.2
307.9 316.7 322.8
37.4 38.3 39.4
71.0 69.4
65.9

441.0
367.2
326.8
40.4
59.4

443.0
374.5
333.0
41.5
53.1

446.2
375.9
333.8
42.1
53.6

450.4
380.1
337.1
43.0
52.7

443.1
377.9
334.5
43.4
47.2

464.1
389.5
343.8
45.6
56.8

473.5
396.8
350.1
46.7
58.9

479.1
402.1
354.3
47.8
59.3

487.4
409.4
360.5
48.9
59.8

515.5
429.3
376.2
53.1
68.0

527.6
439.2
384.4
54.8
70.1

538.1
446.5
390.3
56.2
72.5

558.1
460.3
402.3
57.9
77.3

583.8
483.4
419.3
64.1
78.6

594.7
496.0
430.4
65.6
75.3

607.9
507.6
440.5
67.2
75.0

624.2
521.9
452.5
69.4
74.8

72.5
35.1
37.4
20.6
16.8
-5.2
3.7
11.7

64.4
31.6
32.8
20.7
12.1
-7.7
2.7
14.4

56.9
27.9
29.0
20.0
9.0
-5.9
2.1
15.5

56.3
27.7
28.6
20.0
8.6
-4.6
1.9
16.7

56.4
28.0
28.3
19.7
8.6
-5.1
1.4
17.6

51.0
25.5
25.5
19.8
5.7
-4.6
.7
18.1

60.3
29.5
30.9
20.5
10.4
-4.3
.8
17.8

62.3
30.5
31.8
19.6
12.2
-4.3
.9
17.7

64.7
29.8
35.0
20.7
14.3

65.6
29.9
35.7
19.3
16.4

17.7

18.3

71.0
31.3
39.7
21.4
18.2
-5.1
2.1
18.1

72.3
31.9
40.4
21.5
18.9
-5.2
2.9
18.4

70.7
34.3
36.4
20.8
15.6
-5.3
4.1
12.6

66.1
32.2
33.9
20.6
13.3
-3.8
3.6
13.6

44.9

83.4

47.4

18

806.5 820.3 821.8

19

79.7

83.1

20

712.1
83.0

730.0 740.6 738.7
85.6 87.8 87.5

21
22

629.1
531.9
459.9
72.0
68.1

644.4 652.8 651.2
544.8 559.0 562.3
470.6 482.5 484.3
74.2 76.5 78.0
68.6 61.2 54.8

23
24
25
26
27

76.1
33.5
42.6
21.8
20.8
-6.5
2.9
19.2

96.7 103.8 118.4 96.3
93.5
84.0
91.9
93.8
91.9
39.7
42.8 48.9 39.4
39.0
37.2
39.7
39.3
38.5
61.1 69.6 56.9
57.0
54.1
54.5
46.9
52.7
53.4
32.6 32.7 30.4
23.9
26.5
25.6
22.0
23.2
25.2
28.5 36.9 26.5
30.1
30.5
29.0
24.9
29.5
28.2
- 9 . 6 - 1 5 . 8 - 2 0 . 6 -17.9 - 1 9 . 5 - 2 8 . 0 -33.7 -54.7 -37.7
2.1
- . 6 -1.5 -2.5 -3.8
.7
2.9
2.5
1.0
31.0 32.6 34.0
23.4
29.1
27.5
20.6
21.8
25.3

28
29
30
31
32
33
34
35

706.4 696.1 676.3

36

70.9

37

48.0

76.5

Billions of 1972 dollars
602.5

609.5

610.4

606.6

604.2

602.3

605.3

591.1

611.4

615.8

620.7

628.9

651.8

665.2

674.9

691.6

712.5

716.6

720.5

721.2

713.4

53.3

54.0

54.9

55.8

56.3

56.9

57.8

58.6

59.0

59.6

60.3

61.2

61.0

63.5

62.4

63.4

64.3

65.7

66.1

67.3

67.9

549.2
63.9

555.6
64.7

555.5
65.3

550.8 547.8
65.6 65.4

545.4
65.3

547.5
65.8

532.5
66.2

552.3
67.6

556.3
68.6

560.4
69.6

567.7
70.8

590.8
71.7

601.6
73.0

612.5
73.8

628.2
75.7

648.2
77.0

650.8
77.7

654.4
78.6

653.9
78.7

645.5
77.7

637.6 626.3 605.4
77.6 77.5 77.0

38
39

485.3

490.9

490.2

485.2

482.4

480.0

481.7

466.3

484.7

487.7

490.8

496.9

519.1

528.7

538.6

552.5

571.1

573.1

575.8

575.3

567.9

560.0 548.8 528.4

40

68.8

69.8

Quarterly Totals at Annual Rates, 1947-74
dollars]
1958

1959

1960

1961

.1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

14.6

19.6

21.6

18.1

22.9

25.6

26.5

31.8

31.1

28.8

36.6

36.8

30.6

42.2

45.1

50.8

42.9

1

15.0
12.2
9.7
2.5
2.6
3.6
-1.0
.0
.5
.5
.2

19.5
15.9
13.2
2.7
3.7
4.7
-1.0
-.3
.5
.8
.2

20.6
16.6
14.0
2.6
3.8
4.8
-.9
-.1
.5
.5
.3

18.8
14.8
12.1
2.7
3.5
4.6
-1.1
.2
.5
.3
.3

22.7
18.0
15.0
3.0
4.3
5.5
-1.2
.2
.6
.4
.3

25.2
20.5
17.2
3.3
4.0
5.4
-1.3
.2
.7
.5
.4

26.7
21.8
18.3
3.5
4.2
5.5
-1.4
.3
.9
.6
.4

31.0
25.3
21.4
3.9
5.1
6.6
-1.5
.3
.9
.7
.4

30.3
25.1
21.0
4.1
4.8
6.6
-1.8
.0
1.2
1.2
.4

29.5
24.5
20.0
4.5
4.6
6.6
-2.0
.0
1.6
1.6
.4

35.3
29.6
24.6
4.9
5.9
8.1
-2.2
-.6
2.0
2.6
.4

36.6
30.7
25.2
5.4
6.3
8.7
-2.4
-.9
2.2
3.1
.5

31.7
27.8
22.1
5.7
4.9
7.5
-2.6
-1.4
2.0
3.4
.5

40.4
35.0
28.5
6.5
7.0
9.7
-2.7
-2.1
2.5
4.7
.6

45.3
39.4
32.1
7.3
7.6
10.3
-2.8
-2.3
3.0
5.3
.6

49.7
42.4
34.0
8.4
9.0
12.5
-3.4
-2.2
3.8
6.0
.6

42.1
36.4
27.6
8.7
7.8
11.7
-3.9
-2.7
4.6
7.3
.6

2

-.3

.1

1.0

-.7

.1

.4

-.2

.8

.8

-.6

1.3

.2

-1.2

1.8

-.1

1.1

.8

13

-.3
-.1

.0
.1

.9
.0

-.6
-.1

.1
.0

.4
.0

-.1
-.1

.9
-.1

.7
.0

-.5
-.1

1.2

.3

-1.1
-.1

1.7
.1

-.1
.0

1.1
.0

.8
.0

14
15

12.7
.8

17.1
1.3

19.4
1.0

16.2
.8

20.7
.7

23.1
.8

23.8
1.0

28.8
1.3

27.7
1.9

25.2
2.8

31.9
4.1

31.4
5.2

24.7
6.2

35.0
7.1

37.5
8.0

42.9
9.2

35.4
9.0

lfl
17




•0

a
4
5
€
7
8
g
10
11
12

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

54

Table 1.16.—Auto Output: Annually, 1947-74, and Seasonally
[Billions of
1947

1948

1949

1950

Line
I
1
2
3
4
5
5

Auto output

--

15

Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable eauiDment
New autos
Net purchases of used autos
Net exports
-.
-Exports
Imports
Government purchases of goods and
services.
Change in business inventories of new
and used autos.
New
Used

16
17

Addenda:
Domestic output of new autos *
Sales of imported new autos *

7
g
9
10

12
13
14

II

III

IV

III

II

I

IV

I

II

III

IV

I

[I

III

IV

6.7

7.2

6.9

8.2

8.7

7.8

9.0

10.1

10.2

12.6

13.7

11.4

13.4

15.2

17.2

16.3

6.6
4.4
3.7
.7
1.7
1.7
-.1
.4
.4

7.2
4.8
4.1
.7
1.9
1.9
-.1
.5
.5

6.8
4.5
3.8
.7
1.7
1.8
-.1
.4
.4

8.0
5.4
4.5
.9
2.0
2.1
-.1
.5
.5

8.6
6.0
4.9
1.1
2.1
2.3
-.2
.4
.4

7.8
5.5
4.5
1.1
1.8
2.0
-.2
.3
.4

8.6
6.3
5.0
1.2
2.0
2.2
-.3
.3
.4

9.4
6.9
5.6
1.4
2.1
2.4
-.3
.3
.4

9.9
7.3
6.1
1.3
2.1
2.5
-.4
.3
.3

12.3
9.3
7.9
1.4
2.6
3.1
-.5
.3
.3

12.6
9.6
8.4
1.2
2.6
3.2
-.5
.3
.3

12.6
9.0
8.5
1.1
2.7
3.2
-.5
.3
.3

16 1
12.3
10 7
1.6
3.3

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

14 2
10.9
97
1.2
3.0
35
-.5
.2
.2

17 2
13.2
11 6
1.6
3.6
4 3
-.7
.3
3

.0

13.6
10.4
93
1.1
2.9
3.4
-.5
.2
.2
.1

.1

.1

.1
.1

.1

.1

.1

.1

.1

.1

.1

.1

.0

.1

.1

.1

.1

o

o

o

.0

4o

-.7
.4
4

.1

.1

.1

.3

.1

.0

.4

.7

.3

.3

1.0

-1.2

-.2

.9

.0

.1

.0

.1

.2

.0

-.1

.6

.2

1.0

-1.2

—.2

8

.0

.0

.0

.1

.1

.1

.1

.3

—. 1

.1

.3

.1

.1

.1

.0

.1

1

.1

.1

6.0
.0

6.5
.0

6.1
.0

7.3
.0

7.6
.0

6.8
.0

7.9
.0

8.9
.0

9.2
.0

11.5
.0

12.9
.0

10.8
.0

12.7
.0

14.3
.0

16.1
.0

15.1
.0

1957

1958

.0

1959

Line
II

I

1

Final sales
Personal consumption expenditures
New autos
Net ourchases of used autos
Producers' durable eauiDment
7
New autos
Net Durchases of used autos
8
9
Net exports
10
Exports
11
Imports
Government purchases of goods and
12
services.
13 Change in business inventories of new
and used autos.
14
New
15
Used.
16
17

IV

II

I

IV

III

II

I

III

IV

20.4

19.8

21.1

17.1

14.8

13.0

14.3

16.5

20.0

21.1

21.5

15.8

19.5
15.4
13.3
2.0
3.6
4.6
-1.0
.3

19.1
15.0
12.7
2.3
3.6
4.5
-.9
.3

18.1
14.1
12.2
1.9
3.5
4.4
-.9
.2

18.4
14.4
12.1
2.3
3.6
4.5
-.9
.2

15.3
12.3
9.8
2.5
2.6
3.6
-1.0
.1

14.6
12.0
9.3
2.6
2.4
3.4
-1.0
.1

14.4
11.9
9.4
2.5
2.4
3.4
-1.0
-.1

15.5
12.7
10.3
2.4
2.8
3.8
-1.0
-.2

20.1
16.4
13.6
2.8
3.7
4.8
-1.1
-.3

21.1
17.1
14.5
2.6
4.1
5.2
-1.0

.5
.2

.5
.3

.5
.3

.6
.4

.5
.4

18.1
14.8
11.7
3.1
3.4
4.2
-.8
—.4

.5

.4
.6

.2

.2

.2

.2

.2

.5
.6

.9

.8

3.0

-1.3

-.5

.6

.7

-1.3

.3

.1

2.6
.4

.1

-.3
-. 1

18.9
.3

18.1
.4

19.3
.5

15.3
.5

13.0
.6

Auto output

2
3
4
5
6

III

Addenda:
Domestic outDut of new autos *
Sales of imported new autos 2

.2

.2

18.7
15.3
12.9
2.4
3.4
4.5
-1.1
-.2
.5
.7
.2

-1.7

-.2

1.0

1.3

1.0

.4

-2.3

-1.4

.8

.9

.9

.1

.5

.1

.1
.3

-1.7

-.3

-.2
.0

11.2
.7

12.4
.8

14.4
1.0

17.6
1.2

18.5
1.3

19.0
1.3

13.3
1.3

.4
.2

.5

.4
.8

.8

.2

1967

1966

-.3

.5
.8

.2

.2

-.6

1968

Line
I
1

Auto output

2
3
4
5
6

Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
7
New autos
g
Net purchases of used autos
9
Net exports
10
Exports
11
Imports
12
Government purchases of goods and
services.
13 Change in business inventories of new
and used autos.
14
New
15
Used
16
17

Addenda:
Dpmestic output of new autos *
Sales of imported new autos *




II

II

IV

III

I

IV

III

II

IV

III

33.5

30.7

29.2

30.9

26.3

29.2

29.7

30.1

35.3

36.9

36.4

37.8

32.5
27.0
22.7
4.2
5.1

29.1
24.0
19.9
4.1
4.6

29.7
24.8
20.9
3.9
4.5

29.9
24.6
20.6
4.0
4.8

27.6
22.9
18.8
4.1
4.3

30.6
25.5
21.2
4.3
4.7
6.8
-2.2

30.2
25.0
20.4
4.7
4.7

29.4
24.6
19.8
4.9
4.7
6.7
-2.0

34.0
28.4
23.8
4.6
5.4

34.3
28.8
24.1
4.8
5.6

36.5
30.5
25.3
5.2
6.3

36.6
30.5
25.3
5.2
6.4

6.9

6.3

6.2

6.9

6.1

—1.7

-1.7

-1.7

-2.1

-1.8

.0
1.1
1.1

.0
1.0
1.0

.1
1.3
1.3

.0
1.4
1.4

.1
1.5
1.4

.1
1.6
1.5

6.9

-2.2

.1
1.6
1.6

-.3
1.6
1.9

7.5

7.7

8.4

8.7

-2.2

-2.1

-2.2

-2.2

-.2
1.9
2.1

-.6
2.0
2.5

-.7
2.0
2.8

-.8
2.1
2.9

.4

.4

.4

.4

.4

.4

.4

.4

.4

.4

.4

.5

.9

1.6

-.5

1.0

-1.3

-1.4

-.5

.7

1.3

2.6

-.1

1.3

1.8

-.6

.6

.2

1.3

31.9
4.3

32.6
4.6

1.0

-.1

-.2

29.9
1.8

27.5
1.7

.0

26.0
2.0

-1.2

—.1

-1.6

-.5
-.1

1.0

—.4

1.0

2.6

.4

27.3
2.3

23.0
2.2

25.8
2.8

26.1
3.0

26.0
3.1

30.6
3.6

32.5
3.8

.1

.3

.0

-.3

.0

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

55

Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
dollars]
1951

1952

1953

1955

1954

1956

. Line
IV

13.8

12.0

12.2

11.3

11.8

9.6

15.9

16.4

13.5
10.3
8.7
1.6
2.6
3.4
-.8
.5

12.3
9.3
8.0
1.3
2.3
3.1
-.8
.5

11.5
8.8
7.3
1.5
2.1
2.9
-.8
.4
.4
.0
.2

11.9
9.2
7.6
1.6
2.2
3.0
-.9
.4
.4
.0
.2

12.3
9.5
8.1
1.4
2.3
3.2
-.9
.4
.4
.0
.2

9.7
7.5
6.1
1.5
1.7
2.3
-.7
.3

14.1
10.9
10.1
.7

.1
.2

.1
.2

15.9
12.3
11.2
1.0
3.0
4.0
-1.0
.4
.5
.1
.2

—.2

.8

—.6

—.5

—.1

1.8

—.5
3

.6
.1

-.6

—.7

.l
— 2

.9
.9

11.2
.0

11.3
.1

10.4

15.2
.1

15.7
.1

II

15.6
15.9
12.1
10.4
1.7
3.2
4.0
-.8
.5
.5
.0
.1

.0
.1

.0
.1

—.3

.3

—.4
1

.2
1

14.5
.0

12.8
.0

.5

.5

II

I

o

III

11.0
.1

8.8
.1

17.4

14.8

15.9
12.2
11.2
1.0
3.2
4.1
-.9
.4

16.0
12.0
11.4
.6
3.4
4.3
-.9
.5

15.2
11.5
10.6
.9
3.2
4.1
-.9
.4

.5

.5

—.4

—3.0

—.3

.1

.5

-.2
—2

-2.5

-.3

.2

—5

o

.4
.1

17.5
.9

12.6
.8

16.0
.8

19.1
.7

3 4

4

4

2.9

.5

.5

19.6
1.0

.4

.5

.1
.2

.1
.2

.1
.2

—.6

.3

—.4

—.5

1.7

1.0

.9

.5

—.3

.6

—1.7

6

13

—g

—.1
—5

-.2
.5

-.5
.1

-.3
—.2

1.3
.4

.8
.2

.5
.4

.9
—.4

-.2

. 4 —1.7
2

.2
4

14
15

15.5
.1

14.1
.1

15.5
.1

14.7
.1

16.2
.1

19.3
.1

20.5
.1

21.4
.1

19.2
.2

16.3
.2

13.3
.2

17.0
,?,

16
17

III

IV

1.4

—.4

.9
.4

.4

16.2
.1

17.1
.1

17.0
.8

i i
.2
.6

.6

.7

.6

o

16.2
.2

1964

1963

1965

24.1

24.5

24.9

25.8

27.0

24.1
19.2
16.4
2.8
4.4
5.7

24.5
19.8
16.7
3.1
4.2
5.6

25.1
20.6
17.4
3.2
3.9
5.2

25.0
20.6
16.9
3.7
3.8
5.1

26.0
21.1
17.9
3.2
4.1
5.6
1 A

.1
.5
.4
.4

.3
.7
.5
.4

.2
.7
.5
.4

35.1

31.0

35.5

36.7
30.8
25.4
5.4
6.4
8.9
-2.5
-1.1
2.3
3.4
5

36.0
30.5
24.9
5.6
6.1
8.6
-2.5
-1.1
2.2
3.3
5

32.5
28.4
23.0
5.4
5.2
7.8
-2.6
-1.5
1.8
3.4
5

34.2
29.5
23.7
5.9
5.3
8.4
-3.1
-1.2
2.4
3.5
5

31.7

30.9

31.5

1

31.8
25.6
22.1
3.5
5.4
7.0

1 A

1 fi

30.9
25.4
21.3
4.1
4.9
6.5

1 A

i *>

31.0
25.4
21.1
4.3
4.9
6.3

1 A

30.5
24.8
20.9
3.9
5.1
6.6

1 A

1 A

.4
.9
.5
.4

.3
.9

.3
1.0

.2
.9
.6
.3

.4
.9

.7
.4

.3
1.1

.5
.4

.7
.4

.2
.9

2
3
4
5
6
7
8
9
10
11
12

.4
.9
.5
.4

1 i
.2
.7
.5
.3

1 ^

.0

.0

—.2

.8

1.0

.4

.5

—.8

—.9

1.2

1.2

.0

.6

13

-.3
.1

1.3
—.4

.7
.3

.6
—.1

.4

.0

.0
.1

.1

-.9
.1

—.4
—.4

1.0
.3

1.5
—.2

.5
—.6

.6
.0

14
15

19.4
.7

19.7
.7

21.8

21.8
.7

22.2
.8

22.5

23.4
.8

24.5

24.4
.9

24.6
1.0

24.7
1.0

21.5
1.0

30.2
1.1

28.8
1.2

28.0
1.3

28.2
1.6

16
17

.6

.8

.8

.6
.4

.6
.4

.2
.9

IV

I

II

III

IV

41.4

42.3

40.7

44.6

44.3

44.1

47.5

39.9
34.5
28.0
6.6
6.7
9.3
-2.6
-1.9
2.6
4.5
6

40.3
34.9
28.2
6.7
7.3
10.1
-2.8
-2.5
2.7
5.1
6

41.9
36.7
29.9
6.8
7.1
9.7
-2.6
-2.4
2.4
4.8
.6

42.5
37.7
30.3
7.4
6.8
9.5
-2.6
-2.5
2.6
5.2
.6

44.1
38.8
31.6
7.3
7.1
9.9
-2.8
-2.3
2.8
5.2
.6

45.9
39.5
32.3
7.2
7.8
10.5
-2.7
-1.9
3.2
5.1
.5

48.5
41.7
34.3
7.4
8.6
11.5
-2.9
-2.3
3.3
5.6
.5

II

ml

IV

54.1

53.0

48.7

52.6
45.4
37.2
8.2
8.8
12.2
-3.3
-2.2
3.6
5.8
.5

51.8
44.5
36.4
8.2
9.1
12.6
-3.5
-2.4
3.6
6.0
.6

49.9
42.4
34.0
8.4
9.2
12.6
-3.4
-2.4
3.8
6.2
.6

I

.8
.4

197'I*

1973*

1972

III

39.4
33.7
27.9
5.8
7.0
9.8
-2.8
-1.7
2.5
4.2
5

38.8

36.1
30.4
25.1
5.3
6.4
8.8
-2.4
-1.1
2.2
3.3
5

33.0

25.0
20.6
16.9
3.7
3.8
5.0

—.4
.3

44.3

35.1

24.2

28.3
23.0
19.6
3.4
4.5
6.0

1.6
—.3

22.7

38.2
37.5
31.0
25.6
5.4
6.3
8.5
-2.2
-.2
2.2
2.4
5

27.5

II

1.3

26.5
24.0
18.1
5.9
3.8
5.7
-2.0
-1.8
1.5
3.3
5

III

27.2
26.8
21.9
18.5
3.4
4.2
5.6

I

—.9

33.8
29.3
23.7
5.5
5.2
8.1
-2.9
-1.2
2.2
3.4
5

II

27.0
26.6
21.7
18.1
3.6
4.1
5.5

IV

—.9
.0

33.0

I

III

.0

II

IV

II

.0

I

III

I

.3

.4
.3

IV

II

IV

II

1971

I

III

I

1 9
.2
.7
.5
.3

.3
.7
.4

1970

1969

.2
.2

.5

.8

22.6
17.7
14.4
3.3
4.3
5.6

.3
.3

.4
.3

.6

11.6
11.5
.1
3.0
3.8
-.8
.4

.4
.4

23.9

.3
.3

.4
.3

.5

2
3
4
5
6
7
8
9
10
11
12

20.6
20.1
15.7
13.3
2.5
3.7
4.5
-.8
.5
.6
.1
.2

.1
.2

21.8

.1
.5
.4
.3

.6
.3

1

18.1
14.1
12.1
2.0
3.3
4.3
-.9
4

22.8
22.0
16.9
15.1
1.8
4.3
5.1
-.8
.6

.0
.2

22.7
18.0
15.0
2.9
4.1
5.4
1 0

.2
.5

.2
.5

18.6

16.4
12.9
10.8
2.1
3.0
3.8
-.8
.4

21.9

18.8
14.2
12.7
1.5
3.9
4.7
-.8
.5

.0
.2

21.6
17.0
14.2
2.8
4.1
5.2

.2
.5
.3
.3

.1
.5

14.7

20.5

16.0
11.8
11.5
.3
3.6
4.6
-.9
.4

.0
.2

21.6

20.6
16.3
13.7
2.6
3.8
5.0

.0
4

17.5
16.9
13.2
11.4
1.8
3.1
3.9
-.8
.5

15.5

14.7
10.8
10.5
.3
3.4
4.2
-.9
.4

Line

21.1

-.1
5

-.2
.6
.8
.2

17.7
18.0
14.0
11.9
2.0
3.3
4.0
-.8
.6
• .7
.1
.2

14.3

.0
.2

IV

19.0

17.4
13.6
10.8
2.8
3.3
4.2

IV

15.2

.0
.2

III

18.9
14.9
12.2
2.7
3.6
4.7

14.4

19.8
16.0
13.2
2.8
3.4
4.3

20.9
16.9
14.1
2.8
3.8
4.8

III

I

20.9
16.0
14.2
1.8
4.1
4.9
-.8
.5
.6
.1
.2

II

18.2
14.2
11.7
2.6
3.5
4.6

19.4

21.3
17.1
14.6
2.6
3.9
4.8

21.2

II

15.5

1962

17.9

21.7

24.0
20.6
16.4
14.2
2.2
4.2
5.1

IV

14.1

.0
.2

.5

III

II

III

14.7
11.1
9.9
1.1
3.1
3.9
-.8
.4
.5
.0
.2

I

II

18.9
1.1

16.7

I

IV

II

I

.5

IV

I

21.5
1.2

IV

.0
5

III

IV

III

.5

.4

III

II

I

1961

II

1 A

3.8
-1.0
.4

.4

.2

1960
I

IV

III

I

Line

I

II

III

IV

47.5

38.8

42.2

50.0

40.6

1

44.7
37.2
28.3
8.9
8.8
12.3
-3.6
-1.9
4.2
6.1
.6

40.1
35.1
27.9
7.2
7.7
10.8
-3.1
-3.3
4.1
7.4
.6

42.1 47.6 38.5
37.1 40.8 32.4
28.1 31.3 23.3
9.1
9.0
9.5
6.8
9.2
7.5
11.4 14.1 10.6
- 3 . 9 -4.9 -3.8
- 3 . 1 -3.0 -1.3
5.3
4.8
4.3
6.6
7.4
7.8
.6
.6
.6

2
3
4
5
6
7
8
9
10
11
12

.7

-1.0

2.1

-.9

-1.6

1.3

-.7

-3.8

4.8

1.5

2.0

-1.2

2.1

.2

-1.8

-1.0

1.6

1.2

-1.1

2.8

-1.3

.1

2.4

2.2

13

.9
-.2

-1.0
-.1

2.1
.1

-.9
.0

-1.7
.1

1.2
.1

-1.0
.3

-2.7
-1.0

4.2
.6

1.6
-.1

2.0
.0

-1.1
-.1

2.3
-.3

.0
.1

-1.7
-.1

-1.2
.2

1.3
.3

1.1
.1

-1.0
-.1

3.1
-.3

-1.0
-.3

.2
-.1

1.5
.8

2.5
-.3

14
16

33.3
4.2

29.9
5.0

33.0
5.4

29.4
6.0

25.2
6.0

29.6
6.1

27.5
5.8

16.5
6.9

37.5
6.5

34.4
7.1

34.7
7.9

33.4
7.0

37.2
7.2

36.7
7.8

36.2
8.5

39.9
8.7

46.0
9.3

45.3
9.3

40.8
9.2

39.4
8.9

31.8
9.3

34.7
7.9

39.9
10.4

35.3
8.3

16
17




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

56

Table 1.17.—Auto Output in Constant Dollars: Annually, 1947-74,
[Billions of
1948

1947

1949

1950

1951

1952

1953

1954

1955

1956

1957

12.9

14.7

18.9

24.0

20.4

18.4

23.9

22.9

31.3

24.4

25.8

12.7
8.9
6.5
2.5

14.3
10.7
7.3
3.4

18.7
14.8
10.3
4.4

23.7
18.8
13.7
5.1

20.2
16.2
11.0
5.2

18.2
15.0
9.3
5.6

23.2
18.4
12.9
5.6

23.3
18.7
12.4
6.4

30.1
24.3
17.5
6.8

24.6
20.5
13.9
6.7

24.8
20.7
14.3
6.4

2.8
3.1
-.2

2.9
3.3
-.4

3.4
4.0

4.3
5.1
-.8

3.2
4.3
-1.1

2,5
3.6
-1.1

4.0
4.8
-.8

3.8
4.7
-.9

4.9
6.1
-1.1

3.2
4.8
-1.6

3.7
5.1
-1.5

Net exports.
Exports...
Imports...

.8
.8
.0

.5
.6
.1

.4
.4
.0

.5
.5
.1

.5
.6
.1

.7
.8
.1

.5
.7
.2

.2
.6
.4

Government purchases of goods and
services.

.2

.2

.2

.2

.2

.3

.3

.3

Auto output.
Final sales
Personal consumption expenditures.
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos

.2

.2

11.4
.0

10.4
.0

.1

IV

12.3

13.0

12.1

14.2

14.8

12.1
8.5
6.1
2.3

12.9
8.9
6.8
2.2

12.0
8.4
6.0
2.4

13.8
9.9
6.9
2.9

14.7
10.7
7.6
3.1

2.7
2.9
-.2

3.0
3.2
-r.2

2.7
2.8
-.2

3.0
3.3
-.3

3.2

Net exports.
Exports...
Imports...

.7
.7
.0

.8
.8
.0

Government purchases of goods and
services.

.2

.2

Change in business inventories of new
and used autos.
New
Used
Addenda:
Domestic output of new autos >.
Sales of imported new autos 2 ...

-.2

1.0

1.0
.2

-.4
.3

.4

13.3
.1

17.3
.1

25.2
.2

18.8
.2

20.2
.4

18.8
.1

1948
III

Producers' durable equipment.
New autos
Net purchases of used autos..

1.1

-.4
.0

15.8
.1

19.4
.0

14.9
.0

II
Auto output.

-.4

-.1
.3

.3

1947

Final sales
Personal consumption expenditures
New autos.
Net purchases of used autos..

.2

-.1
.3

Change in business inventories of new
and used autos.
New
Used
Addenda:
Domestic output of new autos».
Sales of imported new autos *

.4

III

IV

13.1

14.5

16.3

13.2
9.8
6.9
2.9

14.0
10.6
7.2
3.4

2.7
3.1
-.4

2.8
3.2
-.4

15.4
11.8
7.7
4.1
2.9
3.3
-.4

.7
.8
.0

.5
.6
.0

.5
.5
.1

.5
.6
.1

.2

.2

.4

.2

II

1949

-.1

II

III

IV

16.3

20.2

21.3

17.9

15.9
12.4
8.2
4.2

19.7
15.6
10.6
5.0

19.9
15.7
11.2
4.5

19.5
15.4
11.3
4.0

2.9
3.4
-.5

3.6
4.2
-.6

3.6
4.2
-.7

3.6
4.3
-.7

.5
.0

.4
.4
.0

.5
.5
.0

.4
.4
.0

.2

.1

.1

.1

9.6
.0

10.7
.0

11.3
.0

10.3
.1

11.8
.0

11.3
.1

12.3
.0

1957
II

II

III

IV

20.7

23.1

26.8

25.5

20.9
16.5
12.4
4.2

21.9
17.3
12.9
4.5

26.8
21.3
15.4
5.9

25.3
20.1
14.2
6.0

3.9
4.6

4.0
4.7
-.7

4.9
5.7
-.8

4.5
5.4

.3
.4
.0

.4
.5
.0

.2

.2

-.7
.3
.0
.2

1.4

-1.6

-.2

1.2

.0

1.3
.1

-1.6
.1

-.3
.1

1.1
.1

-.1
.2

17.2
.0

14.4
.0

17.0
.0

19.1
.0

21.4
.0

.5

-.2
.2

.0

1950

12.4
.0

15.5
.0

1958
III

IV

II

20.1
.0

1959
III

IV

II

III

IV

26.9

25.8

27.1

23.4

20.7

18.5

19.5

21.4

25.2

26.2

26.7

20.6

25.7
21.7
15.1
6.6

25.0
20.9
14.3
6.6

23.7
19.7
13.7
5.9

24.8
20.5
13.9
6.5

20.8
17.7
11.0
6.7

20.2
17.4
10.3
7.1

19.6
17.1
10.3
6.9

20.9
18.1
11.0
7.0

23.7
20.3
13.6
6.8

25.2
21.5
14.2
7.3

26.2
22.1
15.2
7.0

22.9
19.5
12.2
7.3

3.4
5.2
-1.8

3.5
5.1
-1.6

3.7
5.0
-1.3

4.0
5.1
-1.2

2.8
4.0
-1.2

2.5
3.8
-1.2

2.5
3.8
-1.3

2.9
4.1
-1.2

3.5
4.7
-1.2

3.8
5.0
-1.2

4.3
5.4
-1.1

3.6
4.4
-.8

Net exports
Exports
Imports

.3
.6
.3

.3
.6
.4

.1
.6
.5

.1
.6
.5

.0
.6
.6

.0
.5

-.3
.5
.8

-.3
.5
.8

-.4
.5
.9

-.5
.5
1.0

.6
1.1

.4
1.0

Government purchases of goods and
services.

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

Change in business inventories of new
and used autos.
New
Used
Addenda:
Domestic output of new autos L
Sales of imported new autos 2

1.2

3.4

-1.4

-.2

-1.8

-.1

.6

1.4

1.0

-2.3

.6
.6

2.6
.7

-1.4
.1

-.3
.2

-1.4
-.3

-.2
.1

.8
-.2

.8

.9
.1

-1.6
-.7

21.5
.5

17.7

14.5
.7

12.5
.8

13.5
.9

15.2
1.0

18.5
1.2

19.3
1.3

Auto output.
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos

21.3
.3

20.3
.4

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVET OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OP
CURRENT BUSINESS.

1. Consists of final sales and change in business inventories of new autos produced in the




20.0
1.4

14.1
1.4

United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

57

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1962

1961

1960

1959

1958

1965

1964

1963

1967

1966

1968

1970

1969

197I

1972

1973*

1974*

Line

20.0

24.7

26.8

22.6

27.5

30.3

31.1

37.4

:
*6.7

33.5

40.6

40.0

32.5

42.1

45.1

50.7

40.2

1

20.4
17.6
10.6
6.9

24.5
20.9
13.8
7.1

25.8
21.7
14.9
6.8

23.3
19.1
12.8
6.3

27.3
22.3
16.0
6.3

29.8
24.9
18.5
6.4

31.2
26.0
19.7
6.4

36.6
30.2
23.5
6.7

35.9
30.1
23.6
6.6

34.4
28.9
22.2
6.7

39.3
33.3
26.6
6.7

39.8
33.7
26.8
6.9

33.6
29.7
22.9
6.9

40.4
35.2
28.2
7.0

45.3
39.4
32.1
7.3

49.6
41.5
34.0
7.6

39.6
33.3
26.2
7.2

2
3
4
5

2.7
3.9
-1.2

3.8
4.9
-1.1

4.0
5.1
-1.1

3.7
4.9
-1.2

4.5
5.8
-1.3

4.3
5.7
-1.4

4.6
5.9
-1.4

5.7
7.3
-1.6

5.4
7.3
-2.0

5.2
7.3
-2.2

6.4
8.7
-2.3

6.7
9.2
-2.5

5.0
7.8
-2.8

6.9
9.7
-2.7

7.6
10.3
-2.8

9.2
12.4
-3.2

7.5
11.1
-3.6

6
7
8

-.1
.5
.7

-.5
.6
1.0

—.2
5
7

.1
.5
.4

.1
.7
.6

.2
.*6

.2
1.0
.8

.2
1.1
.9

-.1
1.4
1.5

-.2
1.8
2.0

-.9
2.2
3.1

-1.2
2.5
3.6

-1.6
2.1
3.7

-2.4
2.6
5.0

-2.3
3.0
5.3

-1.8
3.8
5.6

-1.8
4.3
6.2

9
10
11

.3

.3

•3

.4

.4

.5

.5

.5

.5

.5

.5

.5

.5

.6

.6

.6

.6

12

-.4

.2

1.0

-.7

.1

.4

-.2

.9

.8

-.8

1.3

.1

-1.1

1.7

-.1

1.1

.6

13

-.3
-.1

.1
.1

9
0

-.6
-.1

.1
.0

.4
.0

-.1
-.1

1.0
-.2

.8
.0

-.7
-.1

1.3
.0

.2
-.1

-1.0

1.6
.1

-.1
.0

1.2
.0

.6
.0

14
15

13.9
.9

18.0
1.3

20.5
1.1

17.2
.8

22.1
.7

24.8
.8

25.7
1.1

31.8
1.4

31.0
2.2

28.0
3.1

34.4
4.4

33.4
5.5

25.6
6.4

34.7
7.1

37.5
8.0

42.9
9.2

33.4
8.5

16
17

1954

1953

1952

1951

1955

1956
Line

I

II

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

23.5

21.0

18.6

18.3

17.0

18.4

15.3

22.7

23.3

23.6

24.8

23.8

21.8

22.9

22.6

24.0
19.1
13.6
5.4

20.6
16.5
11.3
5.2

18.9
15.1
10.1
5.0

17.5
14.2
9.0
5.2

17.9
14.7
9.0
5.8

18.9
15.7
9.5
6.2

15.5
12.9
7.1
5.8

20.4
16.6
11.7
4.8

22.7
18.3
12.9
5.4

22.7
18.0
13.0
5.0

23.3
18.3
13.2
5.0

24.3
19.2
12.4
6.9

22.6
17.9
11.4
6.5

22.5
18.2
12.6
5.6

4.1
5.2
-1.1

3.3
4.4
-1.1

2.9
4.0
-1.1

2.5
3.6
-1.0

2.4
3.6
-1.2

2.5
3.7
-1.2

2.0
2.7
-.8

3.2
4.4
-1.2

3.6
4.6
-1.0

3.9
4.7
-.8

4.2
5.0
-.8

4.3
4.8
-.5

3.9
4.5
-.6

6
7

o

7
7
0

7
7
.0

5
6
.0

5
6
.0

.5
6
.1

.4
5
.1

.5
6
.1

.5
.6
.1

.5
.6
.1

.6
.7
.1

.5
.6
.0

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

I

II

II
I

IV

I

II

24.2

30.4

32.1

32.5

30.1

25.8

25.1

21.5

25.1

1

23.1
18.6
12.1
6.4

25.0
20.2
13.3
6.9

28.2
22.4
16.1
6.3

31.0
24.8
18.0
6.8

31.5
25.4
18.8
6.5

29.9
24.5
16.8
7.7

26.2
21.6
14.7
7.0

24.3
20.3
13.8
6.5

23.4
19.9
12.8
7.1

24.2
20.3
14.2
6.1

2
3
4
5

3.4
4.2
-.7

3.8
4.9
-1.1

4.0
5.3
-1.2

4.9
6.0
-1.1

5.2
6.3
-1.1

5.1
6.4
-1.2

4.5
5.7
-1.2

3.6
5.0
-1.3

3.2
2.9
3.2
4.7
4.5
5.0
-1.5 -1.6 -1.8

6
7
8

.5
.6
.1

.6
.6
.1

.5
.6
.1

.5
.6
.1

.7
.7
.1

.7
.7
.1

.7
.8
.1

.6
7
.1

.7
g
.1

.5
7
.2

4
$
.2

5
7
2

9
10
11

.2

.2

.2

.2

.2

.2

.3

.3

.3

.3

.3

.3

.3

12

2.2

I I IV
I

-.4

.4

-.2

.8

-.9

-.6

-.2

2.3

.6

.9

1.6

-.5

— 8

.4

-.4

-.8

1.2

1.0

.2

-.5

.8 -2.0

.9

13

-.6
.2

.2
.2

-.6
.4

.6
.2

-.8
.0

-.8
.3

.1
-.3

1.1
1.2

.0
.6

.5
.4

1.1
.5

.5
-.9

-.2
-.6

-.3
.8

-.5
.1

-.5
-.3

1.5
.6

.9
.3

.4
.6

1.0
-.8

—.4
-.1

.4 -1.9
.4
.0

.1
.8

14
15

18.9
.0

16.6
.0

14.2
.1

13.7

12.3

13.0
.1

10.4
.1

17.7
.1

18.1
.1

18.8
.1

19.9
.1

18.3
.1

16.3
.1

17.1
.1

17.1
.1

18.7
.1

24.3

25.9
.1

26.4
.2

24.1
.2

20.0
.2

19.8
,3

16
17

1962

1961

1960

I

I
I

II
I

24.5

19.1

22.3

24.9
21.1
14.2
6.9

22.2
18.3
11.5
6.9

22.6
18.5
12.4
6.2

4.0
5.1
-1.1

3.5
4.7
-1.2

3.4
4.5
-1.1

3.6
4.9
-1.3

— 3
.5
g

— i
5
6

1
.5
5

1
.5
4

3

3

3

3

I

II

20.1

II
I

IV

26.5

27.0

25.5
21.2
15.0
6.3

26.1
22.1
14.9
7.2

26.6
22.4
15.5
6.9

4.4
5.4
-1.0

4.0
5.1
-1.0

— 4
.6
1 0
3

1963

II
I

IV

I

26.3

28.4

28.9

27.2
22.2
16.0
6.2

27.0
21.8
15.3
6.5

28.9
23.6
17.6
6.0

4.3
5.6
-1.3

4.4
5.7
-1.3

4.6
5.9
-1.3

.0
.6
.5

.1
.6
.6

.2
.7
.5

.4

.4

.4

IV

I

II

23.2

25.8

26.2

23.2
19.0
12.9
6.1

25.2
20.7
14.6
6.1

26.2
21.5
15.2
6.3

3.7
4.9
-1.2

4.0
5.3
-1.3

.1
.5
.4

.1
.5
.5

.4

.4

19.5
.2

1964

15.9
.2

1965
Line

II

III

IV

I

II

II
I

IV

I

29.2

29.7

30.4

31.7

31.6

31.8

32.2

28.6

29.2
24.3
18.0
6.3

29.8
25.0
18.7
6.3

29.7
25.0
18.1
6.9

30.7
25.3
19.2
6.2

31.2
25.9
19.4
6.6

31.4
26.1
19.8
6.3

32.9
27.3
21.1
6.2

29.5
24.7
18.3
6.4

4.8
6.2
-1.4

4.5
6.0
-1.5

4.2
5.6
-1.5

4.1
5.4
-1.3

4.5
6.0
-1.5

4.5
5.9
-1.4

4.6
6.0
-1.5

4.9
6.4
-1.5

4.2
5.5
-1.2

6.0
7.6
-1.6

.2
.8
.6

.1
.7
.6

.0
.6
.6

.2
.8
.6

.1
.8
.7

.4
1.0
.6

.3
1.0
.7

.2
1.0
.8

.3
1.1
.8

.1
1.0
.9

.4
1.0
.6

.1
1.0
.9

.2
1.1
.9

.2
1.2
1.0

9
10
11

.4

.4

.4

.5

.5

.5

.5 . .5

.4

.4

.4

.5

.5

.5

12

II

II
I

38.2

37.4

36.7

37.4

i

37.0
30.2
23.9
6.3

35.8
29.5
22.8
6.7

36.6
30.5
23.4
7.2

36.8
30.6
23.9
6.8

2
3
4
5

5.5
5.6
5.5
7.0
7.2
7.3
-1.6 -1.5 -1.7

6
7
8

IV

3.5

.3

.4

-.5

-3.2

-.4

.0

.6

.0

-.9

1.4

.0

.0

-.2

.8

1.1

.4

.5

-.7

-.9

1.2

16
.

.0

.6

1
3

3.0
.6

.5
-.2

.5
-.1

-.2
-.2

-2.5
-.6

-.4
.0

.1
-.1

.4
.2

.0
.0

-.9
.0

1.8
-.3

-.3
.4

-.1
.1

-.3
.1

1.3
-.5

.7
.3

.6
-.1

.4
.1

-.9
.2

-.4
-.5

.9
.3

1.8
-.2

.7
-.6

.6
.0

14
15

22.5
1.3

19.9
1.1

20.9
1.0

18.8
.9

13.6
.8

17.0
.8

18.0
.8

20.4
.8

20.7
.8

21.0
.7

23.2
.7

23.4
.7

23.9
.8

24.2
.9

24.9
.8

26.3
.8

26.2
1.0

26.4
1.1

26.8
1.1

23.4
1.1

32.7
1.2

31.7
1.3

31.1
1.5

31.6
1.8

16
17




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

58

Table 1.17.—Auto Output in Constant Dollars: Annually, 1947-74,
[Billions of

II
Auto output
Final sales
Personal consumption expenditures...
Newautos
Net purchases of used autos
Producers' durable equipment
Newautos
Net purchases of used autos
Net exports
Exports
Imports

Change in business inventories of new
and used autos.
New
Used
Addenda:
Domestic output of new autos l
Sales of imported new autos 2

IV

III

II

1968
IV

in

III

II

IV

39.7

36.2

34.6

36.2

31.5

34.5

34.1

34.1

39.6

41.0

40.2

41.6

38.7
32.5
25.6
6.9

34.5
28.9
22.2
6.7

35.2
29.7
23.4
6.3

35.1
29.4
23.0
6.4

32.8
27.6
21.1
6.5

36.1
30.3
23.7
6.6

35.0
29.2
22.5
6.7.

33.5
28.3
21.5
6.8

38.3
32.2
25.9
6.4

38.3
32.6
26.1
6.5

40.5
34.3
27.3
7.0

40.2
34.0
27.1
7.0

5.8
7.7
-1.9

5.2
7.0
-1.8

5.1
6.9
-1.8

5.4
7.7
-2.3

4.9
6.8
-2.0

5.3
7.7
-2.3

5.3
7.6
-2.3

5.2
7.3
-2.1

6.0
8.2
-2.2

6.2
8.4
-2.2

6.8
9.1
-2.3

6.8
9.3
-2.5

-.1
1.3
1.4

-.1
1.2
1.3

-.1
1.5
1.6

-.2
1.6
1.8

-.1
1.7
1.8

.0
1.8
1.8

-.1
1.9
1.9

-.5
1.8
2.4

-.5
2.1
2.5

-.9
2.2
3.1

-1.2
2.2
3.4

-1.2
2.3
3.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

-.6

1.1

-1.4

-1.6

-.9

.7

1.3

2.7

-.2

1.4

-1.2
-.2

-1.8
.1

-.8
-.1

1.0
-.4

1.0
.3

2.6
.0

.1
-.3

1.4
.0

26.0
2.6

29.0
3.1

28.7
3.4

28.3
3.4

3.9

35.2
4.1

34.3
4.6

34.9
4.9

Government purchases of goods and
services.
13

1967

1966

Line

1.0

1.7

1.1
-.1

2.0
-.3

.0

2.1

30.7
1.8

29.1
2.2

30.5
2.6

Table 1.18.—Farm Output, Gross Product
[Millions of
Line

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

I

1956

1957

28,796

32,072

36,197

30,577

32,820

37,995

37,476

34,234

33,924

33,247

33,405

33,772

Cash receipts from farm marketings and
Commodity Credit Corporation
loans.
Crops
Livestock
Other farm income
Farm products consumed on farms
Change in farm inventories
Gross rental value of farm dwellings...

24,802

29,620

30,227

27,805

28,484

32,803

32,463

30,999

29,737

29,238

30,325

29,798

11,016
13,786

13,093
16,527

13,098
17,129

12,396
15,409

2,662
29
1,303

2,765
-1,760

2,733
1,732
1,505

2,230
-866
1,408

12,378
16,106
20
2,063
789
1,464

13,184
19,619
42
2,304
1,239
1,607

14,225
18,238
70
2,220
987

14.076
16,923
84
2,007
-621
1,765

13.462
16,275
101
1,789
586

13,271
15,967
123
1,678
467

13,962
16,363
141
1,585
-380

12,422
17,376
169
1,484
534
1,787

Less: Intermediate goods and services
consumed.
Intermediate good sand services
consumed, other than rent.
Net rent paid to nonoperator
landlords.

9,885

12,749

11,654

12,730

14,921

11,062

10,218

11,152

13,157

1,687

1,436

1,578

1,764

Farm output

Plus: Other items
Equals: Gross farm product
Less: Capital consumption allowances
with capital consumption adjustment.
Capital consumption allowances.
Less: Capital consumption adjustment.
Indirect business tax and nontax
liability.

8,308
1,577

Compensation of employees...
Proprietors' income with inventory valuation and capital compensation adjustment.
Corporate profits with inventory valuation and capital
consumption adjustments.
Net interest

11,745
10,009
1,736




15,131
13,301
1,830

13,796
12,144
1,652

1,711
14,130
12,514
1,616

1,741

1,734

14,325

14,674

15,232

12,761

13,102

13,759

1,564

1,572

1,473

-58

-107

-114

-118

-126

-134

-144

-140

-146

-136

-157

-165

20,220

23,334

18,805

19,964

22,940

22,201

20,298

19,648

18,786

18,574

18,375

1,118

1,418

1,852

2,220

2,511

2,958

3,143

3,261

3,377

3,482

3,519

3,691

953
-165

1,002
-416

1,225
-627

1,515
-705

1,831
-680

2,120
-838

2,355
-788
906

2,515
-746

2,726
-651

2,837
-645

2,892
-627

2,903
-788
1,069

542

645

773

714

810

864

925

942

975

1,013

227

161

249

250

240

18,434

20,995

15,973

16,892

19,368

18,392

2,542
14,928

2,793
15,202

3,000
17,505

2,817
12,659

2,821
13,473

2,932
15,784

2,868
14,896

136

150

156

117

169

146

270

289

334

429

506

565

224

200

486

891

16,298

15,553

14,529

14,528

14,506

2,746
12,940

2,606
12,300

2,598
11,259

2,611
11,205

2,710
11,043

27

277
17,876

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.

1,736

18,883

Plus: Subsidies to operator landlords
Equals: Income 1

1,447

51

29

186

596

643

6
747

1. Equals U.S. Department of Agriculture's measure of total net farm income plus net
interest and compensation of employees other than corporate officers.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

59

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1972

1971

1970

1969

1974*

1973*

Line

I

II

II
I

IV

23.4

43.2

40.5

42.6

27.1
24.8
18.0
6.8

38.6
33.4
27.1
6.3

39.1
34.3
27.2
7.1

40.6
35.4
28.1
7.3

5.4
8.4
-3.0

3.7
5.7
-2.0

6.8
9.5
-2.8

6.5
9.1
-2.6

-1.4
2.5
3.9

-1.4
2.3
3.7

-2.0
1.6
3.6

-2.1
2.5
4.7

.5

.5

.5

.5

I

II

II
I

37.9

33.5

37.9

35.1

38.7
33.2
26.2
7.0

35.0
30.8
24.2
6.7

36.6
31.9
24.7
7.1

35.8
31.3
24.5
6.8

6.8
9.5
-2.7

6.4
9.1
-2.7

5.4
8.2
-2.8

5.6
8.8
-3.2

-1.5
2.4
3.9

-1.4
2.6
4.0

-1.4
2.4
3.8

-1.7
2.0
3.7

5

.5

.5

II

II
I

IV

41.9

38.4

41.7

41.4
34.4
27.4
7.0

39.5
33.5
26.8
6.8

39.7
33.8
26.9
6.9

6.8
9.1
-2.3

6.9
9.4
-2.5

2.4
2.8
5

I

II

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

41.9

44.5

44.1

43.8

48.1

54.5

53.0

48.4

46.9

38.8

40.3

45.6

36.1

1

43.2
37.8
30.4
7.4

42.5
37.7
30.2
7.5

43.9
38.7
31.4
7.3

45.6
39.2
32.0
7.2

49.1
42.0
34.7
7.3

52.9
45.2
37.5
7.7

51.8
43.8
36.4
7.5

49.5
41.3
33.8
7.5

44.1
35.8
28.2
7.7

40.4
34.6
27.6
7.0

40.5
34.8
27.2
7.6

43.7
36.4
29.1
7.4

33.8
27.5
20.9
6.7

2
3
4
5

7.3
10.1
-2.8

7.2
9.9
-2.7

6.8
9.4
-2.7

7.1
9.9
-2.8

7.7
10.4
-2.7

8.8
11.6
-2.8

9.2
12.3
-3.1

9.4
12.6
-3.2

9.4
12.6
-3.2

8.8
12.3
-3.5

7.5
10.7
-3.2

7.2
8.8
6.4
11.0 13.0 9.5
-3.8 -4.2 -3.1

6
7
8

-2.3
2.7
4.9

-2.7
2.7
5.4

-2.5
2.4
4.9

-2.6
2.6
5.2

-2.4
2.8
5.1

-1.9
3.2
5.1

-2.3
3.3
5.6

-2.0
3.6
5.6

-2.0
3.6
5.6

-1.8
3.8
5.6

-1.2
4.2
5.4

-2.3
4.1
6.4

-2.1 -2.1
4.2
4.4
6.2
6.5

.5

IV

I

.6

.
6

.6

.6

.6

.5

.5

.5

.6

.6

.6

.6

.6

2 0 -1.3
.

2.0

-.7
4.7
5.4

9
10
11

.5

.5

12

11
.

1.9

—.9

—1.6

1.3

— .6

3.7

4.6

1.4

.2 -1.8

-1.0

1.6

1.2

—1.1

2.8

1.6

— .2

1.9

24
.

13

.8
2

-1.0
_ i
_

1.9
1

-.9
.0

-1.7
.1

1.2
.1

-1.0
.3

-2.6
—1 1

4.0
.6

1.5
—.1

2.0
.0

-1.1
—.1

2.3
—.3

.1
.1

-1.7
-.1

-1.2
.2

1.4
.2

1.2
.1

-1.0
—.1

3.1

-1.2
—.3

-.2
—.1

1.2
.7

2.6
—.3

14
15

35.7
4.5

32.0
5.3

34.9
5.7

31.0
6.4

26.6
6.3

30.9
6.4

28.5
6.0

16.4
6.9

36.5
6.4

33.5
6.9

34.7
7.8

34.1
7.2

37.2
7.2

36.5
7.7

35.9
8.4

40.5
8.9

46.4
9.3

45.2
9.3

40.6
9.1

39.3
8.9

31.4
9.2

33.5
7.7

37.0
9.6

31.7
7.4

16
17

and Income: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

37,869

37,208

38,192

39,056

40,596

41,672

40,123

44,086

47,191

47,441

48,385

52,614

54,858

58,855

67,019

96,331

98,947

1

33,433

33,747

34,357

35,228

36,349

37,315

37,099

39,386

43,512

42,739

44,203

48,141

50,436

52,975

61,441

87,033

93,748

2

14,206
19,227
222
1,505
848
1,861

14,843
18,904
227
1,289
-86
2,031

15,368
18,989
244
1,205
288
2,098

15,714
19,514
243
1,109
274
2,202

16,191
20,158
257
993
739
2,258

17,268
20,047
285
921
791
2,360

17,151
19,948
336
835
-590
2,443

17,500
21,886
387
811
1,021
2,481

18,486
25,026
416
824
-160
2,599

18,356
24,383
484
736
735
2,747

18,716
25,487
521
719
104
2,838

19,568
28,573
559
731
137
3,046

20,873
29,563
543
751
109
3,019

22,392
30,583
641
732
1,281
3,226

25,771
35,670
663
831
610
3,474

41,209
45,824
811
1,105
3,469
3,913

52,324
41,424
882
1,299
-1,862
4,880

3
4
5
6
7
8

16,992

17,918

17,731

18,591

19,891

20,805

20,531

21,837

23,970

24,953

25,375

26,995

28,469

30,671

34,453

45,296

49,691

9

15,331

16,243

15,966

16,659

17,809

18,500

18,209

19,257

21,299

22,341

22,627

24,146

25,504

27,433

29,979

38,299

42,037

10

1,661

1,675

1,765

1,932

2,082

2,305

2,322

2,580

2,671

2,612

2,748

2,849

2,965

3,238

4,474

6,997

7,654

11

Line

-134

-221

-236

-235

-236

-321

-260

-289

-308

-324

-401

-437

-477

-503

-524

-620

-778

12

20,743

19,069

20,225

20,230

20,469

20,546

19,332

21,960

22,913

22,164

22,609

25,182

25,912

27,681

32,042

50,415

48,478

13

3,790

4,016

4,091

4,134

4,258

4,403

4,585

4,784

5,058

5,439

5,845

6,196

6,390

6,944

7,439

8,405

9,996

14

2,996
-794

3,080
-936

3,135
-956

3,171
-963

3,286
-972

3,445
-958

3,611
-974

3,820
-964

4,021
-1,037

4,285
-1,154

4,494
-1,351

4,760
-1,436

5,020
-1,370

5,205
-1,739

5,421
-2,018

5,745
-2,660

6,238
-3,758

15
16

1,100

1,191

1,268

1,324

1,354

1,383

1,426

1,459

1,553

1,640

1,757

1,860

1,956

2,023

2,095

2,146

2,220

17
18

988

615

632

1,324

1,540

1,488

1,898

2,143

2,871

2,703

3,030

3,319

3,255

2,749

3,454

2,279

467

16,841

14,477

15,498

16,096

16,397

16,248

15,219

17,860

19,173

17,788

18,037

20,445

20,821

21,463

25,962

42,143

36,729

19

2,872
13,102

2,952
10,661

3,093
11,420

3,225
11,808

3,319
11,872

3,413
11,601

3,457
10,279

3,558
12,568

3,623
13,596

3,629
12,080

3,770
12,003

4,048
13,944

4,301
13,932

4,337
14,289

4,542
18,003

5,180
32,421

6,068
25,629

20
21

34

-8

26

40

70

28

64

157

184

82

113

137

-10

65

380

895

61
1

22

833

872

959

1,023

1,136

1,206

1,419

1,577

1,770

1,997

2,151

2,316

2,598

2,772

3,037

3,647

4,421

23




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

60

Table 1.19.—Farm Output, Gross Product,
[Billions of
1946

Line

1948

1947

1951

1950

1949

1952

1953

1954

1955

1956

1957

40.9

39.3

41.0

40.8

43.1

42.9

43.6

44.7

46.0

47.5

47.9

47 8

34.1

34.4

33.4

35.0

35.3

34.8

35.9

38.4

38.6

40.5

42.2

40.8

12.8
21.3

12.9
21.4

13.3
20.2

14.1
20.8

3.8
-1.9
3.2

3.3
1.1
3.3

3.1
-.5
3.4

13.2
21.6
.1
2.9
1.6
3.7

13.8
22.1
.1
2.8
1.2
3.8

15.0
23.4
.2
2.6
-.2
3.9

14.3
24.2
.2
2.5
.9
4.0

14.8
25.7
.2
2.5
.4
4.0

15 3
26 9

4.2
-.3
3.1

14.0
21.3
0
3.0
1.4
3.6

2.4
-.8
4.1

14 5
26 3
3
2.1
g
4.1

Less: Intermediate goods and services
consumed.
Intermediate goods and services
consumed, other than rent.
Net rent paid to nonoperator
landlords.

15.1

15.3

15.2

15.1

16.1

17.0

17.1

16.9

17.5

18.1

19.0

19.4

13.1

13.4

13.4

13.4

14.2

15.1

15.3

15.1

15.7

16.3

17.1

17.6

2.0

1.8

1.8

1.7

1.8

1.8

1.9

1.8

1.8

1.8

1.8

1.8

12
13

Plus* Other items
Eauals: Gross farm product

—.1
25.8

—.1
23.9

-.1
25.7

—.2
25.5

-.2
26.9

-.2
25.8

-.2
26.3

—.2
27.6

_ 2
28.3

—.2
29.2

— 2
28 8

— 3
28 1

14

Less: Capital consumption allowance
with capital consumption adjust-

3.3

3.6

4.2

4.8

5.4

5.9

6.0

6.2

6.4

6.4

6.3

6.2

Indirect business tax and nontax
liability.

1.7

1.8

1.8

1.8

1.9

1.9

1.9

1.9

Farm output
2
3
4
5
6
7
8
9
10
11

15

Cash receipts from farm marketings
and Commodity Credit Corporation loans.
Crops
Livestock
Other farm income
Farm products consumed on farms
Chancre in farm inventories
Gross rental value of farm dwellings—

\
1.7

1.7

1.8

1.8

Plus: Subsidies to operator landlords —

17

Equals: Income

1.7

1.7

1.8

1.9

1.9

1.8

1.8

2.0

1.9

2.0

2.1

1.9

22.5

16

20.4

21.5

20.9

21.6

19.8

20.4

21.6

22.0

22.9

22.7

22.0

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

Table 1.20.—Housing Output, Gross Product,
[Billions of
1946

Line
1
2
3
4
5

Housing output 1

1951

1950

1949

1952

1953

1954

1955

1957

1956

13.6

_

15 2

17.1

18.9

20.9

23.4

26.0

28 9

31 2

33 2

35 5

38 0

13.7
8.5
5 3

15.6
9.7
5 9

17.5
11.0
6.5

19.4
12.4
7.1

21.8
14.1
7.7

24.3
15.9
8.4

27.1
17.9
9 2

29.5
19.7
9 8

31.5
21.4
10 1

33.7
23.2
10.5

36.2
25.0
11 2

1.3

6

Less: Intermediate goods and services
consumed.

7

Equals: Gross housing product

8

Less: Capital consumption allowances
with capital consumption adjustments.
Capital consumption allowances.
Less: Capital consumption ad-

9
10

1948

12.3
7.4
4.9

Nonfarm housing
O wner-occupied
Tenant-occupied
Farm housing

1947

.

1.4

1.5

1.4

1.5

1.6

1.7

1.8

1.7

1.7

1.7

1.8

2.9

3.7

4.2

4.4

4.9

5.5

5.8

6.3

6.4

6.7

7.1

7.2

10.7

11.5

12.9

14.4

16.0

18.0

20.2

22.6

24.8

26.5

28.4

30.7

3.7

4.6

5.2

5.4

5.8

6.6

7.0

7.3

7.6

8.1

8.6

9.0

1.9
-1.8

2.1
-2.5

2.3
-2.9

2.5
-2.9

2.8
-3.0

3.3
-3.3

3.6
-3.4

3.9
-3.4

4.2
-3.4

4.6
-3.5

5.0
—3.6

5.4
-3.6

2.1

2.2

2.4

2.7

2.8

3.2

3.5

3.8

4.1

4.6

5.1

5.6

0

0

0

0

0

-.1

-.1

-.1

-.1

-.1

-.1

11

Indirect business tax and nontax
liability plus business transfer
payments.

12

Plus: Subsidies less current surplus of
government enterprises.

0

13
14
15

Equals: Income
Compensation of employees...
Proprietors' income with inventory valuation and capital consumption adjust-

4.9
.2
.5

4.7
.3
.5

5.3
.3
.5

6.3
.3
.6

7.4
.4
.6

8.2
.4
.6

9.7
.4
.7

11.5
.5
.7

13.0
.5
.7

13.8
.5
.7

14.7
.6
.7

16.1
.6
.7

16

Rental income of persons with
capital consumption adjust-

2.7

2.3

2.5

3.2

3.8

4.2

5.2

6.5

7.5

7.7

7.9

8.3

17

Corporate profits with inventory valuation and capital
consumption adjustments.
Net interest

.1

.1

.1

.1

• 2

.2

.2

.2

.2

.2

.2

.3

1.4

1.6

1.9

2.1

2.4

2.8

3.2

3.6

4.1

4.6

5.4

6.2

18

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




1. Equals personal consumption expenditures for housing less expenditures for transient
hotels, motels, clubs, schools, and institutions shown as other housing expenditures in table
2.6.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

61

and Income in Constant Dollars: Annually, 1946-74
1972 dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

49.9

50.9

52.2

53.2

54.5

55.9

55.2

57.1

57.0

59.6

59.8

61.3

63.0

65.9

67.0

69.0

65.3

1

42.5

44.6

45.7

46.7

47.4

49.0

50.2

50.4

51.7

53.4

54.3

55.8

57.5

59.4

61.4

61.5

61.2

2

16.4
26.1
.4
2.0
1.0
4.1

17.4
27.2
.4
1.8
0
4.1

18.0
27.7
.4
1.7
.3
4.1

18.1
28.6
.4
1.6
.5
4.1

18.3
29.2
.4
1.4
1.3
4.0

18.8
30.2
.4
1.3
1.2
4.0

18.8
31.4
.5
1.2
-.6
3.9

19.6
30.9
.6
1.1
1.2
3.9

20.1
31.6
.6
1.0
-.2
3.8

20.8
32.6
.6
.9
.8
3.8

21.4
32.9
.7
.9
.2
3.8

23.1
32.7
.7
.8
.3
3.7

23.9
33.7
.6
.9
.4
3.7

23.9
35.5
.7
.8
1.5
3.6

25.8
35.7
.7
.8
.6
3.5

27.6
33.9
.7
1.0
2.4
3.3

27.3
34.0
.7
1.0
-.8
3.2

3
4
5
6
7
8

20.4

22.4

22.3

23.3

24.7

25.5

25.5

26.7

28.1

29.5

29.9

30.9

31.3

32.5

34.5

35.4

33.4

9

18.5

20.4

20.2

21.0

22.2

22.8

22.8

23.7

25.1

26.5

26.7

27.5

28.0

29.0

30.0

30.5

29.0

10

2.0

2.0

2.1

2.3

2.4

2.6

2.7

3.0

3.0

3.0

3.2

3.3

3.4

3.5

4.5

4.9

4.3

11

-.2
29.3

-.3
29.5

-.3
29.6

-.3
29.5

-.5
30.0

-.4
29.2

-.4
30.1

-.4
28.5

-.4
29.6

-.5
29.4

-.5
29.9

-.6
31.1

-.6
32.8

-.5
32.0

-.4
33.2

-.5
31.5

12
13

6.2

-.3
28.2
6.2

6.3

6.3

6.2

6.3

6.4

6.6

6.8

7.1

7.2

7.3

7.3

7.3

7.4

7.7

8.0

14

1.9

1.9

1.9

1.9

1.9

1.9

2.0

2.0

2.0

2.0

2.0

2.0

2.1

2.1

2.1

2.1

2.1

15

2.2

2.3

2.4

2.4

2.4

2.5

2.5

2.6

2.7

2.8

2.9

3.1

3.2

3.2

3.5

3.7

37
.

16

23.4

22.5

23.8

23.8

23.8

24.3

23.4

24.1

22.4

23.3

23.0

23.7

24.9

26.6

26.0

27.0

25.0

1
7

and Income: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

40.6

43.6

46.7

49.6

53.1

56.2

59.5

63.3

67.2

71.5

77.0

83.5

90.3

99.2

108.2

118.6

131.0

1

38.8
27 0
11.8

41.6
29.0
12.5

44.4
31.3
13.3

47.4
33.3
14.2

50.8
35.7
15.1

53.8
37.8
16.0

57.0
40.0
17.0

60.8
42.7
18.2

64.6
45.3
19.2

68.7
48.3
20.4

74.2
52.2
22.0

80.5
56.6
23.8

87.3
61.3
26.0

95.9
67.5
28.4

104.8
74.0
30.8

114.7
81.3
33.4

126.2
90.1
36.0

2
3
4

2.5

2.6

2.7

2.8

3.0

3.0

3.2

3.5

3.9

4.9

5

8.9

10.3

11.2

12.2

14.5

16.0

17.7

20.0

6

1.9

2.0

2.1

2.2

2.3

2.4

2.4

7.3

7.6

7.8

8.0

8.2

8.3

8.6

8.8

9.0

33.3

36.0

38.9

41.7

44.9

47.8

50.9

54.5

58.2

62.6

66.7

72.3

78.1

84.7

92.2

100.9

111.0

7

9.5

10.2

10.7

11.1

11.5

11.9

12.5

13.0

13.4

14.0

15.8

18.0

19.1

20.3

21.7

25.1

28.6

8

5.7
-3.8

6.2
-4.0

6.6
-4.1

7.1
-4.0

7.6
-3.9

8.0
-3.9

8.6
-3.9

9.1
-3.9

9.5
-3.9

10.1
-3.9

10.6
-5.2

11.3
-6.7

12.7
-7.6

16.3
-12.3

9
10

6.7

7.4

8.2

8.9

9.8

10.7

11.7

12.6

14.1

15.8

17.6

22.1

14.0
-7.7
23.7

15.3
-9.8

6.2

11.9
-7.2
20.1

25.5

26.7

11

.1

.1

.1

.2

.4

.6

1.4

1.4

1.5

12

0

—.1

0

0

0

0

0

0

17.6
.6
.9

19.1
.6
1.0

20.7
.7
1.0

22.3
.7
1.1

24.5
.9
1.1

26.1
1.0
1.2

27.7
1.1
1.2

29.8
1.2
1.3

32.2
1.3
1.4

34.5
1.4
1.5

35.2
1.6
1.5

36.8
1.8
1.5

39.3
2.1
1.6

43.0
2.3
1.5

48.3
2.6
1.6

51.8
3.0
1.5

57.2
3.5
1.7

13
14
15

8.8

9.2

9.8

10.3

11.1

11.5

11.6

12.3

13.2

14.3

13.2

12.7

12.9

13.9

14.6

12.9

12.6

16

.3

.4

.4

.4

.5

.5

.5

.5

.5

.6

.6

.5

.6

.5

.5

.3

.2

17

7.1

8.0

8.8

9.8

10.9

11.9

13.2

14.6

15.8

16.8

18.3

20.2

22.1

24.6

29.0

34.0

39.2

18




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

62

Table 1.21.—Housing Output, Gross Product, and
[Billions of

1
2
3
4
5
6

1947

1946

Line

1949

1948

1950

1952

1951

1953

1954

1955

1956

1957

27.8

31.9

34.1

36.5

39.2

41.8

44.0

46.2

48 5

50 9

53 4

26.8
16.5
10.3
3.2

28.6
17.8
10.8
3.3

30.6
19.2
11.4
3.5

32.9
21.0
11.9
3.6

35.5
22.9
12.6
3.7

38.0
24.8
13.1
3.8

40.2
26.5
13.6
3.9

42.2
28.3
14.0
4.0

44.5
30.2
14.3
4 0

46.8
32.2
14.6
41

49.3
34.1
15.2
4 1

6.0

Nonfarm housing
Owner-occupied
Tenant-occupied—
Farm housing

30.0

24.7
14.8
9.9
3.1

Housing outDut *

7.2

7.8

7.9

8.5

9.1

9.2

9.5

9.4

9.7

10.1

10.1

Less: Intermediate goods and services
consumed.

7

Equals: Gross housing product .

21.9

22.8

24.0

26.1

28.0

30.1

32.5

34.6

36.8

38.8

40 8

43 3

8

Less: Capital consumption allowances
with capital consumption adjust-

8.3

8.5

8.9

9.3

9.7

10.1

10.4

10.8

11.2

11.7

12.1

12.6

9

Indirect business tax and nontax
liability plus business transfer
payments.

4.1

4.3

4.5

5.0

5.5

6.1

6.8

7.3

7.9

8.4

9.0

9.7

10

Plus: Subsidies less current surplus of
government enterprises.

.7

.7

.7

.7

.7

.8

.8

.8

.8

.9

.9

.9

11

Equals: Income

10.1

10.6

11.3

12.6

13.6

14.7

16.1

17.2

18.5

19.5

20.6

22.0

.

.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Equals personal consumption expenditures for housing less expenditures for transient
hotels, motels, clubs, schools, and institutions shown as other housing expenditures in table
2.7.

Table 1.22.—Gross National Product: Quarterly
[Billions of
1946

1947

1948

Line

1949

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

Gross national product

47.8

50.7

53.4

57.7

53.6

56.3

58.0

64.8

59.8

62.5

65.8

71.0

62.1

62.5

65.2

68.2

2

Personal consumption expenditures

31.7

34.5

36.3

41.3

36.5

39.7

39.8

45.7

40.4

42.9

43.2

48.3

41.2

44.3

43.8

48.8

27
18.2
10.9

3.6
19.9
11.1

4.1
20.6
11.6

5.4
24.1
11.8

4.2
20.2
12.1

5.1
22.0
12.6

4.9
22.2
12.8

6.3
26.5
12.9

4.8
22.2
13.3

5.7
23.5
13.7

5.7
23.4
14.1

6.6
27.5
14.2

5.0
21.9
14.4

6.1
23.6
14.6

6.5
22.7
14.7

7.5
26.7
14.6

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Durable goods
Nondurable gooods.
Services

.

_.

6.6

Fixed investment
.
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures .
Farm structures
Producers' durable equipment

.

Change in business inventories
Nonfarm
_
Farm

9.3

8.0

8.5

6.9

8.8

9.8

11.0

10.4

12.9

11.6

10.2

7.0

10.0

8.1

5.7
3.9
1.7
2.3
1.8
1.6
.1
0

6.9
4.6
1.9
2.6
2.3
2.1
.2
0

7.5
5.2
1.9
3.3
2.3
2.1
.1
0

7.4
5.4
1.7
3.7
2.0
1.8
.1
.1

8.2
5.8
1.8
3.9
25
2.3
.2
.1

9.0
5.7
2.0
3.7
3.3
3.0
.2
.1

9.8
6.1
2.0
4.0
3.7
3.5
.2
.1

8.7
5.8
1.8
3.9
3.0
2.7
.2
.1

10.3
6.4
2.1
4.3
3.9
3.6
.2
.1

11.0
6.6
2.5
4.1
4.4
4.0
.2
.1

11.1
7.4
2.4
4.9
3.7
3.4
.2
.1

8.6
5.9
2.1
3.8
2.8
2.5
.2
.1

9.6
6.3
2.2
4.1
3.3
3.0
.2
.1

9.9
6.0
2.2
3.7
4.0
3.6
.2
.1

10.2
6.1
2.1
4.0
4.0
3.8
.2
.1

1.1
1.1
.0

2.4
2.4
.0

.5
.6
.0

1.1
1.4
—.3

—1.3
—.7
—.6

-.2
.4
—.6

.0
.2
—.2

2.3
2.0
.3

.1
—.5
.6

1.9
1.4
.5

.4
.0
.4

1.6
1.7
—.1

—2.6
—2.3
—.3

.0
.3
—.3

-2.1
—1.9
—1

1.6

Exports
Imports
Government purchases of goods and
services.
-.

2.2

2.0

1.8

2.8

3.3

2.9

2.6

2.0

1.7

1.3

1.5

1.8

2.0

1.3

1.1

3.3
1.7

Net exports of goods and services

Federal
National defense
Nondefense
State and local
._ _. . . ._

6.8

4.2
3.1
1.3
1.8
1.1
1.0
.1
0
2.3
2.3
.0

Gross private domestic investment

3.9
1.7

3.8
1.8

3.8
1.9

4.8
2.0

5.3
2.1

4.8
2.0

4.9
2.2

4.5
2.5

4.3
2.5

4.0
2.7

4.2
2.6

4.3
2.5

4.4
2.4

3.7
2.3

3.5
2.4

7.9

7.2

5.9

6.5

5.7

6.4

6.5

6.8

6.3

7.5

8.5

9.6

8.9

9.2

10.1

10.2

5.8
5.6
.2
2.1

4.8
4.3
.6
2.4

3.2
2.3
1.0
2.7

3.8
2.7
1.1
2.8

2.9
2.2
.7
2.8

3.3
2.3
1.0
3.1

3.1
2.1
1.1
3.4

3.3
2.5
.9
3.4

3.0
2.4
.7
3.3

3.8
2.7
1.1
3.7

4.3
2.7
1.6
4.2

5.5
29
2.6
4.1

4.9
3.3
1.7
3.9

4.8
3.4
1.4
4.5

5.2
3.3
1.9
4.9

5.5
3.2
2.3
4.7

•Revised estimates for 1973 and 1974 will be shown in the September 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSNIESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

63

Income in Constant Dollars: Annually, 1946-74
1972 dollars]
1962

1961

1960

1959

1958

1963

1965

1964

1967

1966

1968

1969

1970

1972

1971

1973*

1974*

Line

56.0

59.0

61.9

64.9

68.4

71.5

74.8

78.7

82.2

85.7

90.1

94.5

98.1

102.8

108.2

113.2

118.3

1

51.8
36.0
15.8
4.1

54.9
38.3
16.5
4.1

57.9
40.6
17.2
4.1

60.8
42.7
18.1
4.1

64.4
45.3
19.2
4.0

67.5
47.4
20.1
4.0

70.8
49.7
21.2
3.9

74.8
52.5
22.3
3.9

78.4
55.0
23.3
3.8

81.9
57.6
24.3
3.8

86.3
60.8
25.6
3.8

90.7
63.8
26.9
3.7

94.5
66.3
28.1
3.7

99.2
69.8
29.4
3.6

104.8
74.0
30.8
3.5

109.9
77.9
32.0
3.3

115.1
82.2
32.9
3.2

2
3
4
5

9.9

10.2

10.3

10.4

10.5

10.6

10.8

11.0

11.0

10.7

12.1

12.8

13.3

15.0

16.0

17.3

18.1

6

46.0

48.8

51.7

54.5

57.9

60.9

64.0

67.7

71.2

75.0

78.0

81.6

84.9

87.8

92.2

96.0

100.2

7

16.7

17.3

17.8

18.4

19.0

19.7

20.4

21.7

22.7

23.5

8

13.0

13.5

14.0

14.5

15.0

15.5

16.1

10.4

11.2

12.0

12.9

13.9

14.8

15.6

16.7

17.7

18.9

19.7

20.8

21.6

22.4

23.7

24.7

25.9

9

1.0

1.0

1.0

1.1

1.1

1.1

1.2

1.2

1.2

1.2

1.3

1.3

1.4

1.4

1.4

1.5

1.6

10

23.6

25.1

26.7

28.2

30.1

31.7

33.4

35.5

37.4

39.6

41.2

43.2

44.9

46.3

48.3

50.0

52.4

11

Totals Not Seasonally Adjusted, 1946-74
dollars]
1952

1951

1950

1953

1954

1955
Line

I

II

III

IV

I

II

III

IV

I

II

IV

III

I

III

II

IV

I

II

III

I

IV

II

III

IV

64.3

67.1

73.8

80.9

77.2

80.4

83.4

89.1

82.4

83.7

86.0

95.0

87.8

91.7

90.6

96.1

86.8

90.2

90.4

99.0

92.7

97.9 100.6 108.0

1

43.0

46.2

49.3

53.5

49.4

50.4

50.4

56.9

49.9

53.2

53.1

60.9

53.8

57.2

56.4

62.3

54.7

58.5

57.8

64.9

58.1

62.8

62.7

70.0

2

6.1

7.1
23.5
15.6

8.9
24.5
15.9

8.6
28.5
16.3

7.6
25.0
16.9

7.2
26.1
17.1

7.0

8.0
31.5
17.4

6.2

7.4
26.8
19.6

7.9

9.1

8.4

28.9
21.4

28.6
21.6

33.9
21.9

27.3
22.5

9.9
30.0
23.0

9.6

28.1
20.4

7.0
26.5
21.1

7.5

28.7
20.1

8.8
32.9
20.6

8.2

27.6
18.7

8.8
33.0
19.1

8.4

25.7
17.9

7.3
27.6
18.2

6.8

26.2
17.2

30.0
23.2

10.8
35.8
23.4

3
4
5

21.7
15.1
11.5

11.3

14.9

16.2

15.8

15.0

15.4

12.9

14.4

11.0

13.3

13.4

14.3

13.7

14.0

11.5

13.1

12.1

13.8

13.7

16.4

16.4

18.2

17.4

6

9.2

11.4

13.3

11.2

12.4

12.6

12.6

12.1

13.1

11.7

13.7

13.8

13.7

11.6

13.8

13.1

16.7

8.0
2.8
5.2
4.5
4.2
.2
1

7.8
3.0
4.8
4.7

7.5
2.6
4.9

7.2
3.0
4.3
4.9
4.6
.2

7.8
2.8
4.9
3.9
3.6
.2

9.0
3.5
5.5
4.7
4.4
.2
1

8.8
3.2
5.6
5.0
4.7
.2
1

8.1
3.1
5.0
5.0
4.7
.1
.1

9.6

9.9
3.9
60

7
8
9

1

8.7
3.4
5.3
5.1
4.9
.2
1

8.8

1

8.9
3.1
5.7
4.9
4.6
.2
1

7.9
3.0

.1

8.3
3.1
5.2
4.8
4.5
.2
.1

16.8
10.8

3.3
.2
1

7.1
2.5
4.6
4.2
3.9
.2
1

8.1
2.8
5.4
4.5
4.2
.2

15.9

7.2
2.5
4.7

14.3
8.4

14.5

6.5
2.2
4.3
4.9
4.6
.2
1

12.6
8.3

11.1

5.6

13.2
7.9

2.3
2.2
1

—.1
—.2
1

4.6
4.3
.3

2.6
2.3

2.9
2.6

1.1
.9
.2

.3
.1
.2

—.1
.1

.3

—1.6
—1.9

2.6
2.7

.3

2

.2
.4
—.2

—2.2
—2.2

1.9

3.7
3.6

6.1
5.8
.2
.1

1.6
1.3

.3

2.8

5.1
5.3
5.0
.2
1
3.0

2.6
.3

4.4
.2
.1

3.0
5.3
4.4
4.1
.2
1
.3
.0
.3

3.6

3.3
.2
.1
3.3
3.0

.3

.3

— 1

—.1

4.8

3.8
3.5
.2
1
1.5
1.4
.1

—1.7
—1.8
.1

3.4
5.0

5.8
5.5
.2
.1

—.5
—.7
2

3.5
5.3

5.7
5.4
.2
1
—.8

—1.1

3

3.3
3.1
.2

3.4
6.2
6.3
6.0
.2
1
.5
.4
.1

6.8
6.5
.2
.1

4.0
6.7
6.0
5.8
.2
1

10
11
12
13
14

1.5
1.4
.1

.6
.5
.1

15
16
17

.7

.8

.4

.2

1.0

1.0

1.7

1.1

.9

.1

.3

.1

.1

—.1

.5

.2

.5

.2

1.1

.6

.5

.3

.9

18

3.2
2.5

3.5
2.7

3.4
3.3

3.9

4.1

4.9

3.9

5.0
3.9

4.7
3.8

4.0
4.0

4.5
4.1

4.0

4.4
4.3

4.1
4.3

4.5
4.0

4.0

3.9

5.2
3.6

4.1

3.5

4.7
3.7

3.8

4.7
4.3

4.2
4.0

5.0
3.9

4.8
4.1

4.9
4.5

4.9
4.6

5.5
4.6

19
20

9.2

8.7

9.6

10.9

11.8

14.0

16.6

17.6

17.0

18.6

19.6

20.4

19.6

20.7

20.4

21.8

18.8

19.1

18.6

19.3

17.5

18.2

19.4

19.8

21

4.8
3.1
1.7
4.5

3.8

4.3
3.4

5.8

6.9
6.0

8.6
7.7

10.8

14.4
12.4
2.0
5.9

14.0
12.1

14.5
12.7
1.8
6.2

13.6
11.6

15.4
12.2

12.7
10.8

12.2
11.0

12.1
10.1

12.0

.9
5.4

13.5
11.5

11.2

1.0
4.9

12.7
11.4
1.3
5.9

10.5

1.3
5.1

11.7
10.4

10.7

1.0
5.3

12.0
10.5
1.6
5.6

11.0

4.5

9.3
1.4
6.9

9.9
.6

9.7
1.5
8.2

9.6
2.5

22
23
24
25

3.0
.8
4.9

0




9.4
1.4

5.8

1.3

5.3

2.0
6.2

1.9

5.7

2.1

6.7

3.2
6.4

1.9

6.1

1.2
6.9

9.2
1.9

7.6

2.0
7.1

7.7

7.8

64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 1.22.—Gross National Product: Quarterly Totals
[Billions of
1956

1957

1958

II

III

IV

I

II

III

IV

111.2

II

1959
III

IV

II

III

IV

Gross national product

99.0

103.3

104.4

114.0

104.9

109.4

117.3

104.2

109.5

112.0

123.2

115.1

123.0

120.4

128.0

Personal consumption expenditures

62.4

65.3

65.3

73.0

65.2

69.2

76.3

67.5

71.2

71.3

79.4

72.6

77.5

77.0

83.6

8.6
29.5
24.3

9.5
31.2
24.6

8.9
31.3
25.1

10.9
36.9
25.2

9.0
30.2
26.0

10.0
32.8
26.4

10.9
38.6
26.8

8.2
31.6
27.8

9.1
33.9
28.1

8.6
34.3
28.4

10.9
40.0
28.6

33.4
30.1

11.3
36.1
30.2

10.3
36.3
30.5

11.6
40.8
31.2

Durable goods
Nondurable goods
Services

33.5
26.7

17.9

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services

16.9

18.4

17.8

17.6

17.0

18.1

16.5

14.4

14.2

16.0

17.3

19.1

21.0

18.9

18.5

14.5
9.7
3.7
6.0
4.7
4.4
.2
.1

16.9
11.1
4.3
6.8
5.9
5.6
.2
.1

17.3
11.0
4.7
6.4
6.3
6.0
.2
.1

17.6
11.9
4.7
7.2
5.7
5.4
.2
.1

15.1
10.6
4.1
6.5
4.5
4.2
.2
.1

17.4
12.0
4.5
7.5
5.4
5.1
.2
.1

17.7
11.8
4.8
7.0
5.9
5.6
.2
.1

17.7
12.3
4.7
7.5
5.4
5.2
.2
.1

14.0
9.9
3.9
5.9
4.2
3.9
.1
.1

15.7
10.6
4.1
6.5
5.1
4.9
.2
.1

16.3
10.2
4.3
5.9
6.1
5.8
.2
.1

17.3
11.0
4.4
6.6
6.3
6.0
.2
.1

15.9
10.5
3.7
6.8
5.4
5.1
.1
.2

18.6
11.7
4.2
7.5
7.0
6.6
.2
.2

19.4
11.7
4.6
7.1
7.7
7.4
.2
.1

18.4
11.5
4.6
6.9
6.9
6.6
.2
.1

3.5
3.6
-.1

.0
.2
-.2

1.1
1.2
-.1

.1
.1
.1

2.5
2.5
.0

-.4
-.5
.1

.5
.3
.2

-1.2
-1.5

.4
.2
.2

-1.6
-1.8
.2

-.5
.2

.0
-.2
.2

3.2
3.2
.0

2.4
2.5
.0

-.5
.0

.1
.1
.0

Federal
National defense
Nondefense
State and local

1.1

.7

1.8

1.7

1.7

1.1

1.6

.7

.7

.3

.8

-.2

.6

6.0
4.9

5.8
5.1

6.6
4.8

6.8
5.0

7.0
5.3

6.3
5.3

6.6
5.1

5.6
4.9

6.0
5.2

5.6
5.3

6.1
5.4

5.5
5.3

5.9
5.9

6.0
6.1

6.5
5.8

18.1

20.0

19.9

21.4

20.5

21.5

22.2

22.9

21.5

23.4

24.4

25.7

23.2

24.5

24.7

25.3

10.7
9.2
1.4
7.4

Government purchases of goods and
services.

.6
5.4
4.8

Exports
Imports

11.6
10.6
1.0
8.4

10.9
9.4
1.4
9.1

12.8
11.0
1.8
8.6

12.2
10.5
1.7
8.2

12.2
11.4
.8
9.3

12.2
10.8
1.4
10.0

13.3
11.4
1.9
9.6

12.4
10.8
1.7
9.1

13.2
11.7
1.5
10.2

13.3
11.0
2.3
11.1

15.0
12.1
2.9
10.8

13.1
11.2
2.0
10.1

13.5
11.7
1.7
11.0

13.1
10.9
2.2
11.6

14.2
11.8
2.4
11.0

1967

1966
II

III

IV

1968
III

III

II

IV

IV

Gross national product

175.2

188.1

188.3

201.4

187.2

197.5

198.8

212.7

201.2

217.2

216.7

233.4

Personal consumption expenditures

107.8

114.9

116.0

126.0

114.0

121.8

122.6

131.9

123.6

132.2

134.4

145.7

15.3
45.5
47.1

16.9
50.6
47.4

16.1
51.4
48.5

19.4
57.2
49.4

14.9
48.0
51.2

18.0
52.3
51.5

16.9
53.2
52.5

19.9
59.1
53.0

17.2
51.3
55.0

20.1
56.7
55.4

19.6
57.8
57.1

23.1
64.6
58.0

30; 0

32.5

30.6

31.3

29.7

29.5

30.1

31.5

30.7

33.7

32.8

34.3
32.8
23.5
8.7
14.8
9.3
8.9
.2
.2
1.5
1.5
.0

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services

25.4
19.1
6.2
12.8
6.3
6.0
.2
.2

28.5
20.8
7.3
13.5
7.7
7.4
.1
.2

4.7
4.4
.2

4.0
4.1
-.1

28.9
2G.8
8.0
12.8
8.2
7.8
.2
.2
1.7
1.8
-.1

27.4
20.8
7.8
13.1
6.5
6.2
.2
.2
3.9
4.1
-.2

24.6
19.5
6.4
131
5.1
4.8
.2
.2

27.9
20.9
7.3
13.6
7.1
6.7
.2
.2

29.0
20.7
7.9
12.8
8.3
8.0
.2
.2

29.2
21.1
7.9
13.2
8.1
7.7
.2
.2

27.6
20.8
6.7
14.1
6.8
6.4
.1
.2

31.1
22.3
7.8
14.6
8.7
8.4
.2
.2

32.4
22.6
8.4
14.2
9.7
9.3
.2
.2

5.1
5.1
0

1.5
1.4
.1

1.1
.8
.3

2.3
2.1
.3

3.1
3.1
.0

2.7
2.7
.0

.4
.4
.0

Federal
National defense
Nondefense
State and local

1.7

1.5

.2

1.7

1.5

1.5

.5

1.6

.7

1.0

-.3

.8

10.2
8.5

10.8
9.3

10.3
10.1

11.5
9.8

11.1
9.6

11.6
10.1

10.9
10.4

12.0
10.5

11.6
10.9

12.9
11.8

12.4
12.8

13.0
12.2

35.7

39.1

41.4

42.5

42.0

44.8

45.7

47.7

46.2

50.2

49.9

52.5

17.7
13.4
4.3
18.0

Exports
Imports
.•
Government purchases of goods and
services.

19.2
15.2
4.0
19.9

20.4
15.5
4.9
21.0

21.5
16.3
5.2
21.0

21.7
17.1
4.5
20.4

22.4
18.1
4.3
22.4

22.3
17.5
4.8
23.4

24.6
18.7
5.8
23.1

23.3
18.5
4.8
22.9

24.9
20.2
4.7
25.3

23.4
18.1
5.3
26.5

26.4
20.0
6.4
26.1

Table 1.23.—-Gross National Product Originating in Government, Farm, and
[Billions of
1909

Line

1910

1911

1912

1913

1914

1915

1916

1917

1918

Current dollars
1

33.4

2
3
4

GovernmentFarm
All other industries1

5

Gross national product..

6
7
8

Government .
Farm
All other industries l

.. . .

.

35.4

35.8

39.4

39.6

38.6

40.0

48.3

60.4

76.4

1.0
5.4
27.0

1.1
5.8
28.5

1.1
5.1
29.6

1.2
6.3
32.0

1.3
5.6
32.7

1.4
6.1
31.1

1.5
6.3
32.3

1.5
6.8
40.0

2.2
10.9
47.3

5.1
12.0
59.3

180.4

Gross national product.. .

185.6

191.4

200.9

202.9

195.5

192.9

207.3

210.6

243.0

12.8
19.8
147.8

13.4
20.3
151.9

14.0
19.7
157.7

14.5
22.1
164.3

14.9
20.0
167.9

15.7
22.0
157.9

16.3
22.8
153.8

16.8
21.7
166.8

21.3
22.5
166.8

41.8
21.9
179.3

1972 dollars

._ . .

.. _ . .

Digitized 1. Consists of nonfarm business, households and institutions, and rest of the world, for which
for FRASER


THE NATIONAL INCOME AND PRODUCT ACCOUNTS

65

Not Seasonally Adjusted, 1946-74—Continued
dollars]
1963

1962

1961

1960

1964

1965

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

121.9

127.1

125.6

131.4

121.6

129.7

131.0

141.0

133.2

141.7

139.7

149.1

139.7

147.8

148.7

158.6

149.9

159.0

158.3

168.5

159.3

171.1 171.2 186.6

1

76.2

82.0

80.0

86.8

78.3

83.3

82.8

90.7

82.9

88.7

87.5

96.1

87.3

93.2

93.0

101.1

93.5

99.2

99.7

108.0

98.8

106.4 106.6 118.3

2

9.7
34.1
32.4

11.5
37.8
32.6

10.1
37.4
32.5

11.8
41.8
33.2

8.8
35.3
34.2

10.6
38.3
34.5

9.8
38.6
34.3

12.4
43.1
35.2

10.0
36.6
36.4

12.1
40.1
36.5

10.9
39.8
36.7

13.7
45.0
37.4

10.9
37.8
38.5

13.4
41.4
38.5

12.2
41.6
39.2

15.0
46.3
39.9

12.4
40.0
41.1

14.6
43.3
41.3

13.7
44.1
41.9

15.7
49.5
42.8

13.6
41.2
44.0

14.8
46.9
44.8

18.5
54.1
45.7

3
4
5

21.8

19.7

18.7

16.3

16.5

18.3

20.1

19.4

21.3

22.0

21.9

20.0

21.8

22.8

23.2

22.5

23.4

24.7

24.3

24.2

27.2

28.2

28.2

28.4

6

17.1
11.7
4.2
7.5
5.4
5.2
.1
1

18.8
12.5
4.4
8.1
6.3
6.0
.1
1

18.8
11.9
4.7
7.2
6.9
6.6
.2
1

17.9
11.6
4.9
6.7
6.3
6.1
.1
1

15.9
11.0
4.2
6.8
4.8
4.6
.1
.1

18.1
12.1
4.5
7.6
6.1
5.8
.2
.1

19.1
11.9
4.8
7.0
7.2
7.0
.2
.1

19.0
12.1
4.8
7.3
6.9
6.5
.2
.1

17.4
12.1
4.3
7.8
5.3
5.1
.1
.1

20.2
13.2
4.7
8.5
6.9
6.6
.2
.1

21.0
13.0
5.3
7.7
7.9
7.6
.2
.1

20.1
12.9
5.2
7.7
7.2
6.9
.2
.1

18.2
12.4
4.0
8.4
5.8
5.5
.1
.1

21.3
13.6
5.0
8.7
7.7
7.4
.2
.2

22.4
13.7
5.3
8.4
8.7
8.4
.2
.2

22.3
13.9
5.3
8.6
8.4
8.1
.2
.1

20.3
13.7
4.3
9.4
6.6
6.3
.2
.2

23.0
15.2
5.4.
9.8
7.9
7.5
.2
.2

24.0
15.2
5.8
9.4
8.8
8.4
.2
9

23.5
15.6
6.0
9.6
7.9
7.6
.2
.2

22.4
16.1
5.1
11.0
6.4
6.0
.2
2

25.8
17.9
6.5
11.4
7.9
7.7
.1
2

27.2
18.2
7.0
11.2
8.9
8.5
.2
2

27.1
19.0
7.5
11.5
8.0
7.7
.1
2

7
8
9
10
11
12
13
14

.2
.1
.1

1.0
.9
.1

.4
.4
.1

3.9
3.7
.1

1.8
1.7
.2

1.0
.8
.2

-.2
-.4
.2

3.7
3.4
.2

1.4
1.2
.2

.8
.6
.2

.1
.0
.2

3.2
3.3
-.1

1.6
1.8
—.1

.3
.5
-.2

.7
.9
-.2

4.8
4.6
1

2.3
2.1
2

1.1
.8
3

1.3
1.0
3

15
16
17

.8

1.8

1.3

1.6

.8

1.7

1.4

1.8

.7

2.4

2.5

2.2

1.4

2.8

1.9

2.3

1.1

2.3

18

8.0
6.4

8.1
6.4

7.4
6.0

8.4
6.6

7.8
7.1

9.1
6.7

9.0
6.5

9.3
7.1

8.9
7.5

8.7
6.8

30.0

31.9

32.6

30.4

32.9

32.9

31.3

35.4

10.8
8.5
37.6

19
20

29.1

10.5
8.2
34.1

9.6
8.5

31.4

10.1
7.4
33.6

17.2
13.0
4.2
14.2

15.9
12.5
3.4
13.3

15.3
12.7
2.6
14.7

16.1
12.4
3.8
15.8

17.3
12.8
4.5
15.3

15.8
12.0
3.8
14.6

16.6
13.1
3.6
16.3

15.7
11.7
4.0
17.2

17.0
12.2
4.8
16.5

15.4
11.4
3.9
16.0

16.4
12.5
3.9
17.7

16.4 19.1
11.9 13.6
4.5
5.5
18.9. 18.5

22
23
24
25

4.6
4.6
.0

.9
.9
,1

-!3
.1

-1.7
-1.8
.1

.6
.5
.1

.7

1.0

.7

2.0

1.7

1.5

6.9
6.1

7.8
6.0

7.2
5.9

6.4
5.7

7.0
6.0

6.7
6.0

7.4
5.4

7.0
5.3

7.2
5.7

23.2

24.4

26.3

26.4

25.2

26.6

27.4

29.0

27.8

29.3

7.3
6.5
29.6

12.7
10.8
1.9
10.5

12.9
11.0
1.9
11.6

13.9
11.1
2.8
12.4

14.3
11.6
2.7
12.1

13.6
11.5
2.0
11.6

14.1
12.0
2.1
12.5

14.0
11.1
2.9
13.4

15.7
12.4
3.3
13.3

15.3
12.6
2.7
12.5

16.0
13.6
2.4
13.4

15.3
11.9
3.4
14.3

1971

1970

1969

1972

II

III

15.9
46.3
44.2

1973*

IV

21

1974I*
Line

II

III

IV

I

II

III

IV

I

II

260.3 248.9

265.1

264.7

284.7

270.2

290.8

291.3

318.8

303.3

324.0

324.0

355.1

328.7

352.4 349.4 376.5

1

166.3

154.3

166.2

166.7

181.0

168.8

181.3

183.5

199.5

187.0

200.9

202.2

218.3

201.6

220.8 225.3 238.2

2

20.6
65.9
68.2

23.1
74.2
69.0

20.7
62.0
71.6

24.7
69.0
72.5

23.7
68.9
74.1

28.0
77.7
75.2

23.8
66.5
78.4

28.2
73.5
79.6

27.3
74.8
81.4

31.9
84.6
83.0

28.1
73.5
85.4

31.8
82.1
86.9

30.1
83.4
88.7

32.9
95.3
90.2

26.0
82.4
93.1

31.8
93.4
95.6

31.7 32.5
94.9 104.9
98.8 100.8

3
4
5

I

II

III

IV

I

II

III

219.6

234.1

234.9

247.0

231.4

245.7

245.0

134.1

143.8

144.9

156.9

144.2

153.6

154.7

18.9
55.0
60.2

22.0
60.9
60.9

20.7
61.7
62.5

24.0
69.4
63.6

19.0
59.5
65.8

22.3
65.2
66.1

IV

I

III

IV

I

II

III

IV

35.4

37.7

37.5

35.7

34.0

36.2

35.2

35.5

37.8

40.5

39.9

41.8

41.2

47.1

46.8

53.2

50.2

54.6

53.8

61.9

52.3

55.4

49.3

55.3

6

31.2
23.2
7.4
15.8
8.1
7.7
.2
.2

35.0
25.0
8.7
16.3
10.0
9.6
.1
.2

35.9
25.4
9.8
15.6
10.6
10.0
.3
.2

34.7
25.4
9.8
15.6
9.3
8.9
.1
.2

31.6
24.0
8.1
15.9
7.6
7.3
.1
.2

35.0
25.9
9.5
16.4
9.1
8.7
.1
.2

35.6
25.8
10.0
15.7
9.8
9.5
.1
.2

34.8
24.8
10.0
14.8
10.0
9.6
.2
.2

33.4
24.3
8.5
15.8
9.1
8.8
.1
.2

38.7
26.3
9.9
16.5
12.4
12.0
.2
.3

40.6
26.4
10.5
15.9
14.1
13.7
.2
.3

40.8
27.0
10.4
16.5
13.9
13.5
.2
.3

38.3
25.6
9.3
16.4
12.7
12.3
.1
.3

44.9
29.4
10.6
18.8
15.5
15.1
.2
.3

46.0
29.0
11.1
17.9
17.0
16.5
.2
.3

49.6
32.8
11.5
21.3
16.8
16.4
.2
.3

45.2
30.5
10.2
20.3
14.6
14.2
.1
.3

52.2
34.7
12.1
22.6
17.5
17.0
.1
.3

52.2
33.8
13.1
20.6
18.4
17.9
.2
.3

53.4
37.5
13.5
24.0
16.0
15.5
.2
.3

46.2
33.8
11.8
22.0
12.4
11.9
.2
.3

52.5
37.9
13.7
24.2
14.6
14.0
.2
.4

51.7
36.5
14.2
22.3
15.2
14.6
.3
.4

52.1
39.7
14.7
25.0
12.4
11.8
.3
.3

7
1
C
11
12
13
14

4.2
4.1
.0

2.7
2.6
.0

1.5
1.5
.0

1.0
1.0
.0

2.4
2.3
.0

1.2
1.2
.0

-.4
-.5
.0

.6
.6
.0

4.3
3.9
.4

1.7
1.4
.3

-.6
-1.0
.3

1.0
.7
.2

2.9
2.7
.2

2.2
2.0
.2

.8
.6
.1

3.6
3.4
.1

5.0
4.5
.6

2.4
1.6
.8

1.6
.5
1.2

8.4
7.5
.9

6.0
5.9
.2

2.9 - . 2 4
3.3 - 1 . 6
-.4 -.8

3.2
4.1
-.8

15
16
17

.7

.5

-.6

1.2

1.4

1.4

-.2

1.4

1.6

.4

-1.1

.7

-.6

-1.2

-2.0

.5

1.2

1.1

.8

4.2

5.1

3.5

18

11.5
10.9

14.5
14.0

13.6
14.2

15.1
13.9

15.0
13.6

16.2
14.9

15.1
15.3

16.1
14.7

16.1
14.5

17.1
16.7

16.1
17.2

16.3
15.6

17.2
17.8

17.7
18.9

17.4
19.4

20.4
19.9

22.3
21.1

24.9
23.7

24.9
24.1

29.5
25.2

36.5
35.5

35.0
36.8

39.4
35.9

19
20

49.4

52.2

53.1

53.2

51.8

54.6

55.3

57.2

55.3

58.1

59.2

61.2

60.9

63.6

63.1

65.5

64.8

67.3

67.2

70.7

33.3
28.2
69.7

75.2

76.6

79.5

21

23.7
18.2
5.5
25.7

24.4
19.7
4.7
27.7

24.3
19.2
5.1
28.8

25.0
19.1
5.9
28.2

23.6
18.2
5.4
28.2

24.1
18.8
5.3
30.5

22.9
17.8
5.1
32.3

25.0
18.7
6.3
32.1

23.1
17.4
5.7
32.2

23.8
18.2
5.6
34.3

23.6
16.6
7.0
35.6

25.8
18.0
7.8
35.5

25.4
18.4
7.0
35.5

26.1
19.4
6.7
37.5

24.2
17.2
7.0
38.9

26.5
18.5
7.9
39.1

25.4
18.3
7.1
39.4

25.5
19.1
6.4
41.8

23.8
17.2
6.7
43.3

27.2
18.7
8.5
43.5

25.7
18.2
7.4
44.0

27.8
19.9
7.9
47.5

27.7
18.9
8.8
49.0

30.6
20.4
10.2
48.9

22
23
24
25

1.0 - 1 . 8

All Other Industries, in Current and Constant Dollars: Annually, 1909-28
dollars]
Line

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

Current dollars
1

Gross national product

o
3
4

Government
Farm.
All other industries

5

Gross national product

. . . .

l

84.2

91.5

69.6

74.2

85.3

84.9

93.3

97.2

95.1

97.1

3.6
12.7
68.0

2.9
12.1
76.5

3.2
7.0
59.5

3.2
7.8
63.3

3.2
8.6
73.5

3.4
8.3
73.2

3.5
10.1
79.6

3.7
9.4
84.0

3.9
9.1
82.0

4.1
9.4
83.5

227.6

213.4

199.0

228.7

253.4

255.6

275.2

290.9

292.3

295.2

29.3
21.7
176.7

22.0
21.7
169.7

21.7
19.0
158.3

21.3
21.1
186.4

21.6
21.8
210.0

22.4
21.3
211.8

23.3
23.3
228.6

23.9
22.3
244.8

24.8
22.8
244.8

25.3
22.1
247.8

1972 dollars

6
7
8

Government
_ .
Farm
All other industries 1




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

66

2. Personal Income and Outlay
Table 2.1.—Personal Income and Its Disposition: Annually, 1946-74 ,
[Millions of
1946

Line
Personal income..
Wage and salary disbursements
Commodity-producing industries »._.
Manufacturing
Distributive industries 2
Service industries *
Government and government enterprises.
Other labor income

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

177,317

189,779

208,471

205,635

226,102

253,677

270,410

286,146

288,177

308,796

330,903

349,294

112,035
46,022
36,475
30,993
14,320
20,700

123,082
54,244
42,461
35,203
16,122
17,513

135,502
60,941
47,145
37,537
18,017
19,007

134,765
57,692
44,638
37,655
18,605
20,813

147,002
64,604
50,288

171,267
76,147
59,325
44,260
21,691
29,169

185,356
81,897
64,146
46,861
23,269

198,622
89,448
71,241
49,730
25,049
34,395

196,795

211,669
92,923
73,830
53,381
28,791
36,574

228,349
100,366
79,408
57,698
31,507
38,778

239,254
103,973
.82,430
60,486
33,807
40,988

19,960
22,618

67,519
50.115
26,287
34,884

1,957

2,378

2,715

2,938

3,654

4,626

5,187

5,876

6.115

7,022

8,048

9,039

Proprietors' income with inventory
valuation and capital consumption
adjustments.
Farm
Nonfarm

36,562

35,841

40,711

36,123

38,355

42,819

42,939

41,299

40,799

42,479

43,600

44,979

14,928
21,634

15,202
20,639

17,505
23,206

12,659
23,464

13,473
24,882

15,784
27,035

14,896
28,043

12,940
28,359

12,300
28,499

11,259
31,220

11,205
32,395

11,043
33,936

Rental income of persons with capital
consumption adjustment.

5,467

5,252

5,701

6,116

7,071

7,710

8,803

10,026

11,029

11,270

11,634

12,247

Dividends

5,560

6,302

7,015

7,210

8,803

8,520

8,493

8,795

9,149

10,311

11,085

11,514

Personal interest income.

6,421

7,312

7,678

8,244

8,929

9,599

10,276

11,412

12,732

13,800

15,331

17,357

Transfer payments
Old-age, survivors, disability, and
health insurance benefits.
Government unemployment insurance benefits.
Veterans benefits
Government employee retirement
benefits.
Aid to families with dependent
children.
Other

11,326
378
1,133

11,730
463

11,327
552

14,101
2,979
1,046

17,481
4,915

18,676
5,652

21,596
7,321

884

13,149
2,177
1,068

16,181
3,633

850

15,182
954
1,457

12,578

829

12,473
664
1,865

2,221

1,516

1,520

1,899

6,971
726

6,958
722

5,935
746

5,282
865

7,707
987

4,582
1,106

4,322
1,232

4,074
1,404

4,160
1,522

4,448
1,679

4,379
1,945

4,523
2,198

475

551

552

545

573

613

2,463

2,880

3,322

3,526

3,582

3,811

4,063

4,072

4,310

4,547

4,941

Less: Personal contributions for social
insurance.

2,011

2,118

2,178

2,234

2,894

3,442

3,793

3,985

4,623

5,236

5,820

6,692

295
2,118

1,872

714

18,673

21,392

21,026

18,506

20,591

28,921

34,033

35,469

32,504

35,383

39,651

42,379

Equals: Disposable personal income

158,644

168,387

187,445

187,129

205,511

224,756

236,377

250,677

255,673

273,413

291,252

306,915

Less: Personal outlays

145,196

163,451

176,850

180,389

194,^73

209,960

220,360

233,700

240,116

258,513

271,590

286,352

143,808
727
661

161,742
1,046
663

174,749
1,423
678

178,135
1,748
506

191,966
2,269
438

207,066
2,508
386

217,093
2,863
404

229,665
3,569
466

235,841
3,807
468

253,665
4,437
411

266,007
5,091
492

280,409
5,450

13,448

4,936

10,595

6,740

10,838

14,796

16,017

16,977

15,557

14,900

19,662

20,563

332.4

318.8

335.5

336.1

361.9

371.6

382.1

397.5

402.1

425.9

444.9

453.9

1,122
2,351
141.4

1,168
2,212
144.1

1,278
2,288
146.6

1,254
2,253
149.2

1,355
2,386
151.7

1,457
2,408
154.3

1,506
2,434
157.0

1,571
2,491
159.6

1,574
2,476
162.4

1,654
2,577
165.3

1,731
2,643
168.2

1,792
2,650
171.3

8.5

2.9

5.7

3.6

5.3

6.6

6.8

6.8

6.1

5.4

6.8

6.7

Less: Personal tax and nontax payments..

Personal consumption expenditures
Interest paid by consumers to business.
Personal transfer payments to foreigners (net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1972 dollars
Per capita:
Current dollars
1972 dollars
Population (mid-period, millions)
Personal saving as percentage of disposable personal income.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Consists of agriculture, forestry, and fisheries; mining; contract construction; and




manufacturing.
2. Consists of transportation; communication; electric, gas, and sanitary services; and
trade.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

67

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

359,267

382,097

399,724

414,967

440,716

463,085

495,651

537,031

584,875

626,626

240,499
99,817
78,629
60,778
35,809
44,095

258,935
109,333
86,837
64,797
38,779
46,026

271,932
112,851
89,671
68,241
41,690
49,150

279,462
113,401
89,799
69,253
44,373
52,435

298,043
121,483
96,651
72,789
47,463
56,308

313,385
126,594
100,585
76,256
50,551
59,984

336,133
135,105
107,131
81,448
54,701
64,879

362,005
145,692
115,506
87,222
59,231
69,860

398,363
160,659
128,006
94,369
65,002
78,333

427,490
168,005
134,108
100,904
72,161
86,420

1969

1970

685,220

745,827

801,271

859,092

942,536 1,054,278 1,154,720

1

469,536
182,997
145,821
109,936
80,230
96,373

514,570
199,110
157,490
120,708
89,881
104,871

546,453
202,452
158,173
130, 111
97,918
115,972

579,431
207,767
160,341
139,339
106,752
125,573

633,761
226,677
175,370
151,925
117,903
137,256

700,971
253,414
196,184
168,139
130,808
148,610

763,592
273,655
211,240
184,310
145,040
160,587

2
3
4
5
6
7

1971

1972

1973*

1974*

Line

9,399

10,574

11,220

11,824

13,038

13,961

15,725

17,840

19,895

21,651

25,075

28,197

32,017

36,184

41,956

47,549

54,486

8

47,381

47,224

46,978

48,256

49,613

50,342

52,247

56,674

60,306

60,974

63,407

66,218

65,140

67,715

76,138

91,742

85,113

9

13,102
34,279

10,661
36,563

11,420
35,558

11,808
36,448

11,872
37,741

11,601
38,741

10,279
41,968

12,568
44,106

13,596
46,710

12,080
48,894

12,003
51,404

13,944
52,274

13,932
51,208

14,289
53,426

18,003
58,135

32,421
59,321

25,629
59,484

10
11

12,867

13,230

13,758

14,287

15,028

15,680

16,098

17,117

18,181

19,376

18,624

18,105

18,644

20,108

21,543

21,331

20,965

12

11,304

12,171

12,890

13,347

14,410

15,504

17,325

19,120

19,439

20,103

21,943

22,592

22,884

22,982

24,597

27,822

31,075

13

18,777

20,919

23,284

24,628

27,132

30,152

33,257

37,187

41,816

45,048

49,564

55,941

64,284

69,331

74,612

88,419

106,545

14

25,901
8,478
4,146

26,980
10,175

28,940
11,130

32,817
12,614

35,838
15,245

37,430
16,018

15
16

1,875

2,141

3,986

104,099
49,555
5,615

140,359
70,127

2,688

94,111
44,451
5,796

118,646
60,367

2,971

66,512
32,918
2,243

79,881
38,455

4,295

52,595
25,463
2,191

59,920
30,226

2,996

40,414
18,067
2,299

44,667
19,786

2,754

33,770
14,298
3,104

4,282

6,639

17

4,666
2,464

4,592
2,758

4,571
3,067

4,958
3,383

4,650
3,715

4,841
4,160

4,717
4,712

4,915
5,160

4,862
6,094

5,592
6,^31

5,920
7,664

6,697
8,634

7,656
10,084

8,754
11,749

9,738
13,455

10,419
15,621

11,736
18,469

18
19

20

836

934

991

1,146

1,288

1,356

1,500

1,650

1,854

2,256

2,833

3,541

4,823

6,172

6,875

7,178

7,887

5,311

5,767

6,185

6,421

6,715

7,265

7,795

8,323

10,196

10,162

11,136

12,479

14,877

17,189

18,861

20,779

25,501

21

6,861

7,936

9,278

9,654

10,318

11,777

12,564

13,326

17,792

20,611

22,849

26,308

28,032

30,770

34,170

42,202

47,415

22
23

42,136

45,980

50,354

52,066

56,835

60,320

58,618

64,874

74,477

82,078

97,082

115,400

115,336

116,281

141,237

151,205

171,167

317,131

336,117

349,370

362,901

383,881

402,765

437,033

472,157

510,398

544,548

588,138

630,427

685,935

742,811

801,299

903,073

983,553

24

295,444

317,307

332,304

342,730

363,486

383,971

410,901

441,881

477,398

503,679

550,067

595,318

635,361

685,475

751,929

830,400

909,520

25

289,461
5,560
423

310,768
6,103
436

324,903
6,987
414

334,995
7,311
424

355,217
7,802
467

374,578
8,830
563

400,381
9,918
602

430,154
11,063
664

464,793
11,965
640

490,358
12,459
862

535,932
13,318
817

579,711
14,686
921

618,796
15,515
1,050

668,171
16,246
1,058

733,034
17,861
1,034

808,549
20,641
1,210

885,862
22,629
1,029

26
27
28

21,687

18,810

17,066

20,171

20,395

18,794

26,132

30,276

33,000

40,869

38,071

35,109

50,574

57,336

49,370

72,673

74,033

29

459.0

477.4

487.3

500.6

521.6

539.2

577.3

612.4

643.6

669.8

695.2

712.3

741.6

769.0

801.3

856.0

843.5

30

1,821
2,636
174.1

1,898
2,696
177.1

1,934
2,697
180.7

1,976
2,725
183.7

2,058
2,796
186.5

2,128
2,849
189.2

2,278
3,009
191.9

2,430
3,152
194.3

2,597
3,274
196.6

2,740
3,371
198.7

2,930
3,464
200.7

3,111
3,515
202.7

3,348
3,619
204.9

3,588
3,714
207.1

3,837
3,837
208.8

4,292
4,068
210.4

4,642
3,981
211.9

31
32
33

6.8

5.6

4.9

5.6

5.3

4.7

6.0

6.4

0.5

7.5

6.5

5.6

7.4

7.7

6.2

8.0

7.5

34

3. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.—The industry classification of wage and salary disbursements and proprietors'




income is on an establishment basis and is based on the 1967 Standard Industrial Classification
beginning with 1948 and on the 1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

68

Table 2.1.—Personal Income and Its Disposition: Annually, 1946-74, and
[Billions of
1946
Line

III
Personal income.
Wage and salary disbursements
Commodity-producing industries'...
Manufacturing
Distributive industries 2
Service industries 3
Government and government enterprises.

8

Other labor income

9

Proprietors' income with inventory
valuation and capital consumption
adjustments.
Farm
Nonfarm

10

1947
IV

II

1948
III

IV

II

1949
III

IV

II

III

IV

169.4

174.8

180.8

184.2

186.5

184.7

192.3

195.7

201.6

207.0

212.7

212.8

207.0

205.5

204.6

205.6

106.8
40.2
31.5
28.2
13.5
24.9

110.4
44.9
35.9
31.0
14.0
20.4

113.5
48.1
38.3
31.9
14.6
18.9

117.2
50.7
40.2
32.7
15.2
18.6

119.6
52.3
41.2
33.8
15.6
17.9

121.4
53.4
41.9
34.3
16.1
17.6

123.4

127.8
56.9
44.3
36.9
16.4
17.5

131.2
59.3
46.1
36.6
17.5
17.9

133.0

138.2
62.3
48.0
38.2
18.3
19.5

139.4
62.5
48.0
38.3
18.4
20.3

136.8
60.2
46.4
37.9
18.4
20.4

134.9
57.6
44.5
38.2
18.5
20.6

133.9
57.0
44.4
37.4
18.5
20.9

133.4

54.3
42.3
35.8
16.3
17.0

59.7
46.4
37.1
17.9
18.3

55.9
43.3
37.2
19.0
21.4

1.9

1.9

2.0

2.1

2.2

2.3

2.4

2.5

2.7

2.7

2.7

2.8

2.8

2.9

3.0

3.1

34.1

35.8

38.4

38.0

37.5

34.0

35.2

36.7

37.9

41.9

42.2

40.9

36.8

36.2

35.5

36.0

13.0
21.1

13.7
22.1

16.2
22.1

16.7
21.3

16.8
20.7

13.5
20.4

14.9
20.4

15.6
21.0

15.7
22.2

18.8
23.0

18.5
23.7

17.1
23.8

13.4
23.4

12.7
23.5

12.1
23.4

12.4
23.5

5.4

5.5

5.7

5.4

5.1

5.1

5.4

5.5

5.6

5.8

5.9

5.9

6.0

6.2

6.4
7.4

12

Rental income of persons with capital
consumption adjustment.

5.2

13

Dividends

5.1

5.5

5.7

6.1

6.1

6.4

6.6

6.5

7.1

6.7

7.1

7.4

7.2

7.2

7.1

14

Personal interest income.

6.1

6.4

6.6

6.7

7.2

7.3

7.3

7.4

7.7

7.6

7.6

7.8

8.0

8.2

8.3

8.5

15
16

Transfer payments
Old-age, survivors, disability, and
health insurance benefits.
Government unemployment insurance benefits.
Veterans benefits
Government employee retirement
benefits.
Aid to families with dependent children.
Other

11.1

10.4
.4

10.6
.4

10.5
.5

11.5

11.7
.5

11.5
.5

11.7

.8

.7

.8

12.4
.7
1.7

12.9
.7
2.1

13.1

.8

11.2
.6
.9

10.9

.9

14.4
.5
.9

17
18
19
20
21
22

Less: Personal contributions for social insurance.

23

Less: Personal tax and nontax payments...

24

Equals: Disposable personal income

25

Less: Personal outlays

26
27
28
29

Personal consumption expenditures
Interest paid by consumers to business.
Personal transfer payments to foreigners (net).
Equals: Personal saving

12.3
.3

1.4
7.9

11.4

.4

1.2
7.1

.4
1.0
6.7

.7

1.9

2.1

18.8

152.0

156.0

5.8
.7

9.3
.7

2.1

17.4

6.2
.7

.8

1.9

6.1
.7

.3

.7
2.2
2.3

1.9

2.2

2.4
2.2

2.7
2.1

.5
.8

6.5
.7
.3
2.6

6.3
.7

6.1
.7

.3

5.8
.8

.4

.6

.6

1.0

1.3

5.6
.8

5.6
.8

2.1

2.9
2.1

.4

.4

2.6

3.0

2.3

3.1

19.2

20.8

21.0

21.4

22.4

22.9

20.9

20.1

20.2

5.2
.9

.5

.5

3.3

3.5

2.3

2.9
2.2

2.1
2.0

5.4
.9

.7
2.5
5.0
.9
.5
3.5

2.2

2.2

19.6

18.8

18.1

17.6

192.6

187.5

186.8

186.5

188.0

178.7

180.4

179.9

176.6
1.6
.5

178.2
1.7
.5

177.6
1.8
.5

182.5
180.1
1.9
.5

2.2

19.3

165.0

165.8

163.7

170.9

173.2

178.7

186.1

192.7

161.5

154.3

157.6

161.5

165.2

172.3

176.1

179.0

139.6
.7
.7

149.9
148.4
.8
.7

152.7
.9
.7

156.0
.9
.7

159.9
1.0

163.5
1.1
.7

169.4
167.6
1.1
.6

170.3
1.3

174.0
1.4
.7

176.9
1.5

179.9
177.8
1.5
.6

16.3

15.0

11.6

10.8

8.1

2.2

5.7

3.9

6.3

10.0

13.7

12.7

8.7

6.3

6.6

5.5

321.7

314.6

321.7

317.5

324.5

334.2

341.0

342.5

335.9

335.9

336.0

337.3

1,079

1,105

1,139

1,156

140.9

141.2

141.8

142.7

1,158
2,247
143.2

1,139
2,188
143.8

1,183
2,227
144.5

1,194
2,188
145.1

1,226
2,226
145.8

1,272
2,284
146.3

1,311
2,320
147.0

1,304
2,319
147.7

1,264
2,265
148.3

1,254
2,256
148.9

1,247
2,247
149.5

1,252
2,246
150.2

10.7

9.6

7.2

6.5

4.9

1.3

3.3

2.2

3.5

5.4

7.1

6.6

4.7

3.4

3.6

2.9

135.6
134.5
.6
.5

141.0

Addenda:
Disposable personal income:
Total, billions of 1972 dollars...
Per capita:
Current dollars
1972 dollars
Population (mid-period, millions)
Personal saving as percentage of disposable personal income.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

69

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1952

1951

1950

1953

1954

1955
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

219.1

219.4

228.2

237.4

245.5

252.4

255.6

260.8

262.6

266.4

273.2

279.0

283.0

287.0

287.3

287.4

286.1

285.3

287.8

293.4

298.2

305.5 312.7 318.2

1

136.9
58.2
45.4
37.9
19.3
21.4

142.6
62.4
48.4
39.0
19.7
21.6

150.5
66.9
52.0
40.8
20.1
22.8

157.9
70.9
55.4
41.6
20.7
24.7

165.0
73.8
57.7
43.3
21.2
26.7

170.6
76.5
59.7
44.3
21.4
28.5

172.8
76.8
59.7
44.4
21.8
29.8

176.5
77.5
60.2
45.0
22.3
31.7

180.8
79.7
62.0
45.8
22.8
32.4

182.0
79.5
62.2
46.2
23.1
33.2

185.7
81.3
63.5
47.2
23.4
33.8

192.9
87.0
68.9
48.2
23.8
33.9

196.5
89.4
71.1
48.6
24.3
34.2

199.7
90.5
72.3
49.8
25.0
34.5

199.9
90.0
71.7
50.1
25.3
34.5

198.3
87.9
69.7
50.4
25.6
34.4

195.9
86.0
67.9
50.0
25.5
34.4

195.5
85.1
67.1
49.8
25.9
34.7

195.9
84.2
66.5
50.0
26.5
35.1

199.9
86.7
68.7
50.6
27.2
35.4

203.6
89.2
70.7
51.3
27.6
35.5

209.4 214.7 218.9
92.2 93.9 96.4
73.1 74.5 77.0
52.6 54.2 55.3
28.3 29.2 29.9
36.2 37.4 37.2

2
3
4
5
6
7

II

III

IV

3.3

3.5

3.8

4.0

4.3

4.5

4.7

4.9

5.0

5.1

5.3

5.4

5.7

5.8

6.0

6.1

6.0

6.0

6.1

6.3

6.6

6.9

7.2

7.4

8

36.5

37.0

39.5

40.4

42.2

42.6

42.9

43.6

42.0

43.0

44.7

42.1

42.1

41.4

40.7

41.0

41.1

40.1

40.9

41.1

41.8

42.4

42.7

43.1

9

12.8
23.7

12.7
24.3

13.6
25.9

14.7
25.6

15.5
26.8

15.7
26.8

15.7
27.2

16.2
27.4

14.5
27.5

15.1
27.9

16.6
28.1

12.5
28.2

13.0
28.0

13.3
27.8

11.8
28.3

12.4
28.5

11.7
29.3

11.6
30.2

11.5
30.9

11.0
31.6

10.9
32.2

10
11

6.9

7.2

7.4

7.4

7.5

7.8

8.1

8.2

8.6

9.0

13.4
28.7
9.5

12.9
28.5

6.8

13.4
28.6
9.4

9.8

10.2

10.6

10.6

10.$

11.2

11.4

11.2

11.2

11.3

11.4

12

8,3

8.3

9.1

9.5

8.3

8.5

8.4

8.5

8.0

8.5

8.5

8.7

8.4

9.1

9.0

8.8

9.3

8.7

9.1

9.2

9.8

9.9

10.5

10.7

13

9.5

9.7

9.8

9.9

10.1

10.4

10.7

10.9

11.2

11.5

12.0

12.3

12.6

12.9

13.1

13.3

13.6

14.0

14.3

14

12.6
1.9

12.8
1.9

12.8
1.9

12.7
2.0
1.0

13.6
2.1

13.7
2.6

14.0
3.0

14.1
3.1

14.6
3.1

15.4
3.3

16.0
3.5

16.4
3.6

17.4
4.8

17.6
5.2

17.8
5.2

15
16

.9

.9

1.0

1.4

1.9

2.3

2.4

17.1
4.1
2.4

17.1
4.4

1.2

13.8
2.7
1.0

1.8

1.5

1.3

1.3

17

4.0
1.2

4.7
1.3

4.5
1.3

4.3
1.3

4.0
1.4

3.9
1.4

4.1
1.5

4.1
1.5

4.1
1.5

4.1
1.5

4.3
1.6

4.4
1.6

4.5
1.7

4.5
1.7

4.4
1.8

18
19

8.7

8.8

9.1

9.2

9.4

21.4
.7

11.9
.8
1.1

12.2
1.5
1.0

12.2
1.7

2.0

15.0
.8
1.5

.8

.8

.9

1.1

12.5
2.0
1.1

13.6
1.0

7.1
1.0

5.3
1.0

4.8
1.0

4.5
1.1

4.6
1.1

4.7
1.1

4.5
1.2

4.0
1.2

5

5

.6

.6

.6

.6

.5

.5

.5

.5

.5

.5

.5

.5

.5

.6

.6

.6

.6

.6

.6

6

6

3.6

4.0

3.2

3.3

3.6

3.6

3.6

3.6

3.8

3.9

3.7

3.8

3.9

4.2

4.2

4.0

4.0

4.0

4.1

4.1

4.2

4.3

4.3

4.4

21

2.8

2.8

2.9

3.1

3.5

3.4

3.4

3.5

3.8

3.7

3.8

3.8

3.9

4.0

4.0

4.0

4.6

4.6

4.6

4.7

5.1

5.2

5.3

5.4

22

34.8

35.9

20

18.3

19.3

20.6

24.2

26.2

28.2

29.7

31.6

32.9

33.8

34.4

35.1

35.7

35.6

35.4

35.3

32.5

32.3

32.3

32.8

33.9

37.0

23

200.8

200.2

207.6

213.2

219.3

224.2

226.0

229.2

229.8

232.6

238.9

243.9

247.3

251.5

251.9

252.1

253.5

253.0

255.5

260.6

264.4

270.7 276.8 281.2

24

185.4

189.4

203.2

200.7

211.2

206.7

209.1

212.8

214.1

218.2

220.6

228.5

232.1

233.9

234.7

234.2

236.0

238.5

240.8

245.1

251.3

256.6 261.0 265.1

25

182.9
2.1
5

186.8 200.4
2.4
2.2
4
4

197.8
2.5
.4

208.3
2.5
4

203.8
2.5
4

206.2
2.5
4

209.9
2.5
.4

211.1
2.6
.4

215.1
2.8
.4

217.2
2.9
.4

225.0
3.1
.4

228.3
3.3
.5

229.9
3.5
.5

230.5
3.7
.5

230.0
3.8
.5

231.9
3.8
.4

234.3
3.8
,4

236.4
3.8
.7

240.8
3.9
.4

246.8
4.1
4

251.9 256.0 260.0
4.3
4.6
4.8
4
4
4

26
27
28

13.1

15.4

10.8

4.3

12.5

8.0

17.6

16.9

16.3

15.6

14.4

18.3

15.4

15.3

17.6

17.3

18.0

17.5

14.5

14.7

15.5

360.6

358.3

361.3

367.3

364.7

372.5

374.2

374.2

373.8

377.9

385.9

389.9

394.1

399.7

398.3

398.6

398.4

396.4

402.9

410.7

1,331
2,390
150.9

1,322
2,367
151.4

1,365
2,376
152.0

1,396
2,405
152.7

1,430
2,378
153.3

1,457
2,420
153.9

1,461
2,419
154.7

1,475
2,408
155.4

1,473
2,396
156.0

1,485
2,412
156.6

1,518
2,453
157.3

1,543
2,467
158.0

1,559
2,484
158.6

1,579
2,510
159.2

1,575
2,490
160.0

1,569
2,480
160.7

1,571
2,469
161.4

1,561
2,446
162.0

1,569
2,475
162.8

1,593
2,511
163.6

7.7

5.4

2.1

5.9

3.7

7.8

7.5

7.1

6.8

6.2

7.7

6.3

6.2

7.0

6.9

7.1

6.9

5.7

5.7

5.9

4.9




14.1

16.1

29

413.7

422.6 429.6 436.6

30

1,609
2,519
164.3

1,641 1,671 1,689
2,562 2,593 2,622
164.9 165.7 166.5

31
32
33

5.2

15.8

5.7

5.7

34

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

70

Table 2.1.—Personal Income and Its Disposition: Annually, 1946-74, and
[Billions of
1957

1956

1958

Line
II

I
1
2
3
4
5
6
7

Personal income

-

I

IV

II

III

IV

I

II

III

IV

I

II

III

IV

322.6

--

Wage and salary disbursements
Commodity-producing industries *...
Manufacturing
Distributive industries2
Service industries *
Government and government enterprises.

g

Other labor income.

9

Proprietors' income with inventory valuation and r&Dital consumution
adjustments.
Farm
Nonfarm
- --

10
11

III

1959

328.2

332.7

340.0

343.9

348.3

352.9

352.6

352.3

353.9

362 7

368 2

373 9

4OO 4

383.5

388.7

222.7
97.6
77.5
56.7
30.6
37.8

226.8
99.6
78.5
57.5
31.2
38.5

229.2
100.4
79.2
• 57.9
31.8
39.2

234.6
103.8
82.4
58.7
32.4
39.6

237.5
104.6
83.2
59.6
33.1
40.2

238.9
104.3
82.7
60.3
33.6
40.7

241.1
104.4
82.8
61.1
34.1
41.5

239.4
102.5
81.0
61.0
34.3
41.6

235.9
98.8
77.8
60.3
34.9
42.0

235.5
97.0
76.2
59.8
35.6
43.1

243.0
100.1
78.9
60.8
36. a
46.1

247.5
103.5
81.6
62.1
36.7
45.2

253.1
107.0
84.7
63.4
37.4
45.4

259.6
110.7
88.0
64.7
38.3
45.8

260.0
109.4
87.1
65.2
39.1
46.2

263.0
110.2
87.5
65.9
40.3
46.7

7.6

- -

7.9

8.2

8.5

8.6

8.9

9.2

9.4

9.2

9.2

94

98

10 1

10 5

1A ft

1A Q

42.9

43.1

44.0

44.5

44.3

44.7

45.7

45.2

47.1

47.1

47.4

48.0

47.5

47.8

46.8

46.8

10.9
31.9

10.8
32.3

11.6
32.4

11.5
33.0

10.6
33.7

10.8
34.0

11.4
34.2

11.4
33.8

13.6
33.5

13.1
33.9

13.0
34.4

12.7
35.2

11.6
35 9

10.9
36 8

10.0
36 8

10.1
36 7

11.9

12.1

12.4

12.5

12.7

12.8

12.9

13.1

12.8

13.1

13.4

13.6

12

Rental income of persons with capital
consumption adjustment.

11.4

11.6

11.7

11.8

13

Dividends

10.9

10.9

11.0

11.4

11.5

11.7

11.8

11.5

11.4

11.4

11.3

11.0

11.7

12 1

12 4

12 5

16.5

17.1

17.7

18.1

18.2

18.3

19.0

19 5

19 9

20 5

21 2

22 1

20.2
6.4

21.8
7.5

24.4
8.0

26.7
8.6
4.8

26.3
8.8
4.0

26.5
9.7
3.1

27.0
10.3

27.8
10.6

3.4

26.3
8.4
4.5

26.6
10.0

1.8

23.1
7.8
2.5

2.6

2.5

2.8

4.5
2.2

4.6
2.3

4.6
2.4

4.8
2.4

46
2.5

46
2.6

47
2.6

46
2.7

46
2.8

45
2.9

14

Personal interest income

14.7

15.2

15.5

16.0

IS
16

Transfer payments Old-age, survivors, disability, and

18.2
5.3

18.4
5.5

19.2
5.9

17

Government unemployment insur-

1.5

1.5

18.9
5.8
1.6

1.6

1.7

21.5
7.5
1.7

18
19

Veterans benefits
Government employee retirement
benefits
Aid to families with dependent
children.
Other

4.5
1.9

4.4
1.9

4.4
2.0

4.3
2.0

4.5
2.1

4.5
2.2

20
21

.6

.6

.6

.7

.7

.7

.7

.8

.8

.8

.9

.9

.9

.9

.9

.9

4.4

4.5

4.5

4.7

4.8

4.9

5.0

5.1

5.2

5.3

5.3

5.4

5.6

5 7

58

6 0

5.7

5.8

5.8

6.0

6.7

6.7

6.8

6.7

6.7

6.7

7.0

7.0

7.8

8.0

7.9

8.0

22

Less: Personal contributions for social
insurance.

23

Less: Personal tax and nontax payments.

38.2

39.4

40.0

41.0

41.8

42.5

42.8

42.3

41.8

41.3

42.5

43.0

44.3

45.6

46.5

47.6

24

Equals: Disposable personal income

284.4

288.8

292.7

299.0

302.0

305.8

310.1

310.3

310.5

312.6

320.1

325.2

329.6

336.7

337.1

341.1

25

Less: Personal outlays.

266.9

269.4

272.5

277.6

282.0

284.2

288.8

290.4

290.0

292.8

297.6

301.5

309.7

315 5

320 9

323 1

261.4
5.0
.5

263.9
5.1
.5

266.8
5.1
.5

271.9
5.2
.5

276.1
5.3
.5

278.3
5.4
.5

282.8
5.5
.5

284.4
5.6
.5

284.0
5.6
.4

286.8
5.5
.4

291.7
5.5
.4

295.4
5.6
.4

303.5
5.7
.4

309.1
6.0
.4

314.2
6.2
.4

316.2
6.5
.4

17.6

19.4

20.2

21.4

20.0

21.5

21.3

19.9

20.5

19.9

22.6

23.8

19.9

21 1

16 2

18 0

439.7

443.1

445.4

451.0

451.3

454.0

456.2

454.8

450.4

453.2

463.0

469.5

472.6

480.0

476.8

480.7

.

1,701
2,630
167.2

1,720
2,639
167.9

1,735
2,641
168.7

1,764
2,661
169.5

1,774
2,651
170.2

1,789
2,656
170.9

1,806
2,657
171.7

1,799
2,637
172.5

1,793
2,602
173.1

1,799
2,608
173.8

1,834
2,653
174.5

1,855
2,678
175.3

1,872
2,684
176.0

1,905
2,716
176.7

1,899
2,686
177.5

1,913
2,696
178.3

Personal saving as percentage of disposable personal income.

6.2

6.7

6.9

7.1

6.6

7.0

6.9

6.4

6.6

6.4

7.0

7.3

6.0

6.3

4.8

5.3

26
27
28
29

Personal consumption expenditures
Interest paid by consumers to business.
Personal transfer payments to foreigners (net).
Equals: Personal saving
Addenda:

30
31
32
33
34

Disposable personal income:
Total, billions of 1972 dollars
Per capita:
Current dollars
.
.
1972 dollars .
Population (mid-period, millions)




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

71

Seasonally Adjusted Quarterly Totals at Annual Kates, 1946-74^-Continued
dollars]
1962

1961

1960

1963

1964

1965
Line

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

395.0

400.0

401.6

402.3

405.6

411.3

417.5

425.5

431.8

439.0

443.5

448.6

454.2

459.0

465.6

473.6

482.2

269.8
114.2
91.3
67.3
40.6
47.7

272.5
114.0
90.7
68.5
41.4
48.6

273.0
112.5
89.2
68.6
42.1
49.8

272.4
110.7
87.5
68.6
42.6
50.5

272.8
110.0
86.9
68.3
43.4
51.1

276.6
112.2
88.8
68.7
44.0
51.8

281.2
114.2
90.4
69.6
44.6
52.8

287.2
117.2
93.0
70.4
45.5
54.1

292.1
119.0
94.8
71.5
46.3
55.3

297.5
121.6
96.8
72.6
47.3
55.9

299.8
122.4
97.3
73.2
47.8
56.4

302.8
123.0
97.8
73.9
48.4
57.6

306.5
123.9
98.6
74.6
49.4
58.6

310.9
125.6
100.0
75.8
50.1
59.3

315.4
127.6
101.1
76.8
50.9
60.1

320.7
129.2
102.7
77.8
51.8
61.9

326.6
131.1
104.1
79.2
53.2
63.1

11.0

11.2

11.3

11.4

11.5

11.7

11.9

12.2

12.5

12.9

13.2

13.5

13.6

13.7

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.6

18.1. 18.7

8

46.3

47.6

47.1

46.9

47.6

48.0

48.3

49.1

49.5

49.7

49.7

49.5

49.9

50.1

50.5

50.9

51.0

52.1

52.7

53.2

54.4

56.6

57.4

58.2

9

10.2
36.2

11.7
35.9

11.9
35.2

12.0
35.0

11.9
35.7

11.6
36.3

11.7
36.7

12.0
37.1

12.1
37.4

12.0
37.8

11.7
38.0

11.7
37.8

11.8
38.1

11.8
38.3

11.6
38.9

11.3
39.6

10.2
40.8

10.1
42.0

10.1
42.6

10.6
42.5

11.4
43.0

12.9
43.7

13.1
44.4

12.9
45.4

10
11

13.6

13.7

13.8

14.0

14.1

14.2

14.4

14.5

14.7

14.8

15.1

15.5

15.6

15.7

15.7

15.7

15.9

16.0

16.2

16.4

16.7

17.0

17.3

17.5

12

12.7

12.8

13.1

13.0

13.0

13.1

13.4

13.9

14.0

14.4

14.6

14.7

15.1

15.4

15.6

16.0

16.6

17.2

17.5

18.0

18.2

18.9

19.4

20.0

13

24.3

24.8

25.6

25.8

26.7

27.6

28.5

29.0

29.6

30.5

31.5

32.0

32.8

33.7

34.5

35.6

36.8

37.8

38.6

14

32.8
13.4

33.4
13.8

33.8
14.5

36.1
14.9
3.1

35.3
15.2
3.0

35.6
15.4

36.3
15.5

37.4
15.7

37.5
16.2
2.6

37.7
16.3

38'. 8 42.4
16.7 20.1
2.4
2.3

41.4
18.9
2.2

15
16

2.5

39.1
16.5
2.4

17

4.5
4.9

5.5
5.0

4.8
5.4

18
19

I

23.0

23.1

23.3

23.7

23.8

27.7
10.8

28.5
11.0

29.3
31.3

30.3
11.5

33.0
12.3

III

IV

I

491.4

500.5

508.5

519.1

529.5 543.5 556.0

1

333.2
134.2
106.4
80.7
54.2
64.1

339.6
136.7
108.6
82.2
55.2
65.5

345.1
138.4
109.5
83.7
56.2
66.8

351.1
142.1
112.6
84.8
56.8
67.4

3*7.1 364.5 375.3
144.0 146.3 150.5
114.1 116.1 119.2
86.3 87.8 89.9
58.4 60.0 61.8
68.5 70.4 73.1

2
3
4
5
6
7

II

III

IV

2.5

2.7

3.1

3.6

32.2
12.0
4.1

5.1

33.3
12.8
4.3

3.7

3.4

33.4
14.1
3.1

3.0

34.5
14.8
3.0

2.9

2.9

2.8

37.1
15.9
2.8

4.5
3.0

4.5
3.0

4.6
3.1

4.7
3.2

5.4
3.2

4.7
3.3

5.1
3.4

4.6
3.5

4.7
3.6

4.6
3.7

4.6
3.8

4.8
3.8

5.7
3.9

4.5
4.1

4.5
4.2

4.6
4.4

5.3
4.5

4.5
4.7

1.0

1.0

1.0

1.0

1.1

1.1

1.2

1.2

1.3

1.3

1.3

1.3

1.3

1.3

1.4

1.4

1.4

1.5

4.5
4.8
1.5

1.6

1.6

1.6

1.7

1.7

20

6.0

6.1

6.3

6.3

6.4

6.4

6.4

6.4

6.6

6.6

6.8

6.8

7.1

7.2

7.3

7.5

7.6

7.7

7.9

8.0

8.1

8.3

8.4

8.4

21

9.2

9.2

9.3

9.3

9.5

9.6

9.7

9.8

10.2

10.3

10.3

10.4

11.6

11.7

11.8

12.0

12.3

12.5

12.7

12.8

13.0

13.2

13.4

13.7

22

65.4

64.2

4.7
5.1

4.7
5.2

49.3

50.3

50.7

51.1

51.2

51.6

52.3

53.1

54.3

56.3

57.7

59.1

59.7

60.1

60.5

60.9

59.7

56.2

58.3

60.2

64.1

65.8

23

345.7

349.7

350.8

351.2

354.3

359.7

365.2

372.4

377.5

382.8

385.8

389.5

394.5

398.9

405.0

412.7

422.5

435.1

442.2

448.3

455.0

464.1 479.2 490.2

24

326.9

333.2

333.5

335.7

336.2

340.7

343.4

350.6

355.4

361.2

365.4

372.0

376.1

380.4

387.4

392.0

400.5

408.1

416.5

418.5

428.9

435.8 444.6 458.2

25

319.8
6.7
4

325.9
6.9
4

326.0
7.1
4

328.0
7.2
.5

328.5
7.3
.4

333.1
7.3
.4

335.7
7.3
.4

342.7
7.4
.4

347.5
7.5
.5

353.0
7.7
.5

357.0
7.9
.5

363.4
8.1
.5

367.2
8.4
.6

371.2
8.7
.5

377.8
9.0
.6

382.1
9.3
.6

390.5
9.4
.6

397.8
9.7
.6

405.7
10.1
.6

407.5
10.4
.6

417.7
10.6
6

424.1 432.7 446.1
11.0 11.3 11.4
7
7
7

26
27
28

18.8

16.5

17.3

15.6

18.2

19.0

21.7

21.8

22.1

21.6

20.4

17.5

18.4

18.5

17.6

20.7

22.0

27.0

25.7

29.9

26.1

485.5

488.4

488.2

486.3

490.6

497.6

502.8

511.9

516.4

521.1

523.7

526.1

530.6

535.5

541.1

549.1

559.7

575.8

583.0

589.7

1,924
2,702
179.7

1,939
2,708
180.3

1,937
2,696
181.1

1,931
2,673
181.9

1,940
2,686
182.6

1,962
2,714
183.3

1,984
2,731
184.1

2,014
2,769
184.9

2,034
2,783
185.6

2,056
2,799
186.2

2,064
2,802
186.9

2,075
2,803
187.7

2,095
2,818
188.3

2,112
2,835
188.9

2,136
2,854
189.6

2,168
2,884
190.4

2,213
2,931
191.0

2,272 2,300
3,006 3,033
191.6 192.3

2,324
3,056
192.9

5.4

4.7

4.9

4.4

5.1

5.3

6.0

5.9

5.9

5.6

5.3

4.5

4.7

4.6

4.3

5.0

5.2

6.7

5.7




6.2

5.8

28.3

34.6

32.1

29

595.5

603.4 620.1 631.3

30

2,352
3,078
193.5

2,393 2,462 2,510
3,110 3,186 3,233
194.0 194.6 195.3

31
32
33

6.1

7.2

6.5

34

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

72

Table 2.1.—Personal Income and Its Disposition: Annually, 1946-74, and
[Billions of
1966

1967

1968

Line
II
Personal income.—
Wage and salary disbursements
Commodity-producing industries 1 .._
Manufacturing
Distributive industries 2
Service ind istries 3
Goveriment and government enterprises.

III

IV

II

III

IV

II

III

IV

567.9

578.3

590.8

602.5

612.2

619.7

631.8

642.8

660.1

677.8

694.5

708.5

383.9
155.0
123.0
91.4
62.6
74.9

394.0
159.7
127.0
93.5
64.0
76.8

404.1
162.9
129.9
95.5
66.0
79.7

411.5
165.1
132.1
97.1
67.4
81.9

417.1
165.7
132.4
98.8
69.2
83.4

422.1
165.8
132.4
100.1
71.3
84.9

430.6
168.8
134.5
101.6
73.2
87.0

440.2
171.7
137.0
103.2
74.9
90.3

452.3
176.5
141.1
105.9
77.2
92.6

463.5
180.9
144.3
108.3
79.3
95.0

476.0
184.9
147.2
111.5
81.2
98.4

150.8
114.0
83.2
99.6

Other labor income

19.2

19.7

20.1

20.7

21.0

21.2

21.8

22.5

23.5

24.7

25.6

26.5

Proprietors' income with inventory
valuation and capital consumption
adjustments.
Farm
Nonfarm

61.4

60.2

60.1

59.6

59.7

60.6

61.8

61.7

62.3

63.0

63.8

64.4

15.2
46.2

13.7
46.5

13.2
46.8

12.2
47.3

11.6
48.1

12.0
48.7

12.4
49.5

12.4
49.3

11.7
50.6

11.4
51.6

12.2
51.7

12.8
61.7

Rental income of persons with capital
consumption adjustment.

17.8

18.1

18.3

18.5

19.0

19.5

19.6

19.4

19.1

18.8

18.5

18.1

Dividends

20.1

19.6

19.3

18.8

19.7

20.3

20.7

19.8

21.1

21.7

22.4

22.5

44.5

45.1

46.5

47.6

49.1

50.2

51.4

56.3
27.7

59.6
30.3

61.3
31.2

62.6
31.7

2.2

2.1

2.1

2.2

5.9
7.3

5.8
7.6

5.9

6.1
8.0

Personal interest income

39.8

41.3

42.4

43.7

44.2

Transfer payments
Old-age, survivors, disability, and
health insurance benefits.
Government unemployment insurance benefits.
Veterans benefits
Government employee retirement
benefits.
Aid to families with dependent
children.
Other.

42.8
19.3

42.8
19.7

44.8
19.9

51.1
24.2
2.1

52.0
25.3

53.1

2.3

2.2

54.1
26.4
2.1

5.3
6.9

6.3
7.0

6.5
7.1

1.7

1.8

8.9

9.1

Less: Personal contributions for social
insurance.

17.1

17.3

18.3

Less: Personal tax and nontax payments.
Equals: Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Interest paid by consumers to business.
Personal transfer payments to foreigners (net).
Equals: Personal saving

2.0

1.7

1.9

48.3
20.2
1.9

5.1
5.7

4.5
6.0

4.5
6.2

5.4
6.4

6.2
6.7

1.9

2.0

2.1

2.2

2.3

2.5

2.6

2.8

3.0

3.1

10.5

12.4

9.8

10.1

10.3

10.5

10.7

11.0

11.3

11.6

18.5

19.7

20.5

20.9

21.4

22.1

22.7

23.1

23.4

26.0

7.8

69.3

73.6

76.1

79.0

80.2

79.9

83.2

85.1

87.9

91.5

102.3

106.6

498.6

504.7

514.8

523.5

532.0

539.8

548.6

557.7

572.2

586.3

592.3

601.9

468.2

472.8

481.8

486.8

491.6

501.1

507.5

514.5

531.2

542.4

558.8

567.8

455.9
11.6
.6

460.3
11.9
.7

469.1
12.0
.7

473.9
12.3
.6

478.6
12.3
.7

487.6
12.4
1.2

494.2
12.5

501.1
12.7
.7

517.6
12.9
.8

528.5
13.1
.8

544.5
13.5

553.1
13.8

30.4

31.9

33.0

36.7

40.4

38.7

41.1

43.3

40.9

43.8

33.4

34.1

Addenda:
Disposable personal income:
Total, billions of 1972 dollars
Per capita:
Current dollars
1972 dollars
Population (mid-period, millions)
Personal saving as percentage of disposable personal income.




636.2

639.0

646.4

652.6

667.5

672.5

677.7

686.3

697.0

700.7

2,547
3,250
195.8

2,571
3,256
196.3

2,615
3,283
196.9

2,651
3,304
197.5

2,687
3,342
198.0

2,720
3,363
198.5

2,757
3,379
199.0

2,795
3,396
199.6

2,861
3,432
200.0

2,925
3,475
200.4

2,947
3,468
201.0

2,986
3,477
201.5

6.1

6.3

6.4

7.0

7.6

7.2

7.5

7.8

7.2

7.5

5.6

6.7

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

73

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—-Continued
dollars]
1972

1971

1970

1969
I

II

III

IV

I

II

III

IV

I

II

III

IV

721.9

738.5

754.8

768.0

779.2

800.8

809.2

815.9

835.5

854.7

864.7

881.4

496.2
193.1
153.2
116.2
86.1
100.7

508.7
197.9
156.5
119.5
88.8
102.5

522.3
201.9
159.8
122.1
90.9
107.4

531.0
203.5
160.4
125.0
93.6
108.9

537.6
204.0
160.4
127.2
95.6
110.7

546.2
203.0
159.1
128.8
97.0
117.4

551.0
203.5
159.0
131.7
98.5
117.4

551.0
199.3
154.2
132.8
100.6
118.4

565.2
204.2
158.4
135.4
103.0
122.6

575.6
207.3
160.0
138.1
105.7
124.5

583.9
208.3
160.3
140.8
108.0
126.8

593.0
211.4
162.7
143.1
110.2
128.4

27.0

1973*

1974*

L
i

n
e

II

III

IV

912.4

927.2

948.0

982.6 1,011.6 1,039.0 1,067.8 1,098.8 1,115.9 1,136.6 1,171.6 1,194.8

1

615.3
219.5
169.0
147.8
113.7
134.2

627.1
224.6
173.6
150.2
116.9
135.5

638.1
227.6
176.2
152.9
119.5
138.2

654.5
235.0
182.7
156.8
121.6
141.1

I

I

II

676.5
243.8
189.1
161.9
125.9
144.8

III,

IV

I

II

692.8
250.0
193.9
166.2
129.4
147.1

707.6
256.0
197.7
169.8
132.4
149.4

727.1
263.9
204.0
174.7
135.4
153.1

738.7
265.8
204.7
177.6
139.7
155.6

756.2
271.9
209.6
182.7
142.9
158.6

III

IV

775.9
279.2
215.7
187.0
147.4
162.3

783.6
277.7
214.9
189.9
150.1
165.9

2
3
4
5
6
7

27.7

28.6

29.5

30.5

31.4

32.6

33.6

34.4

35.5

36.8

38.1

39.4

41.3

42.8

44.4

45.6

46.7

48.1

49.8

51.4

53.4

55.5

57.6

8

66.2

66.5

66.2

66.0

65.7

65.5

64.7

64.7

67.3

66.8

66.4

70.4

73.6

76.1

75.8

79.0

85.9

90.1

95.0

96.0

93.0

81.8

82.1

83.6

9

13.7
52.5

13.8
52.4
18.0

14.6
51.4

14.9
50.8

14.3
51.2

13.3
51.4

13.2
51.5

15.4
51.9

13.9
52.9

12.6
53.9

15.3
55.1

17.0
56.6

18.2
58.0

26.5
59.4

31.2
58.9

35.2
59.7

36.8
59.3

33.7
59.3

22.3
59.5

21.9
60.2

24.6
59.0

10
11

17.9

18.2

18.5

18.8

19.1

19.3

20.0

20.5

20.8

22.1

18.2

17.1
58.7
23.2

19.8
59.2

18.2

13.7
52.9
18.3

22.7

21.8

21.2

21.3

21.1

21.1

21.0

20.9

20.9

12

22.2

22.4

22.7

23.0

23.0

23.0

22.9

22.7

23.2

23.0

23.1

22.7

23.8

24.3

24.9

25.4

26.4

27.2

28.1

29.5

30.0

30.9

31.7

31.7

13

53.1

55.1

56.6

58.9

60.9

63.1

65.9

67.3

68.8

69.2

69.1

70.2

71.7

73.3

75.3

78.1

81.7

85.9

90.7

95.4

99.0

104.0

109.1

114.0

14

64.4
32.4

65.9
32.9
2.1

67.1
33.1

68.7
33.3

71.1
33.9

87.6
40.4

102.3
48.0
5.3

113.2
56.6
4.6

4.3

117.0
59.8
4.2

119.7
61.1
4.2

4.5

129.1
63.7
5.4

144.3
72.7
6.5

151.6
75.0
8.2

15
16

6.0

100.8
47.1
6.3

136.4
69.1

5.3

100.1
46.5
6.2

122.9
62.4

5.1

97.6
45.8
6.1

114.9
58.1

2.8

95.4
46.5
5.8

95.9
45.1

2.4

81.7
39.1
4.3

85.6
39.7

2.2

81.1
41.1
3.7

17

7.0
9.1

7.0
9.5

7.4
9.8

7.9
10.3

8.3
10.8

8.5
11.0

8.6
11.4

8.8
12.2

9.0
12.4

10.1
12.6

9.0
13.0

9.2
13.8

10.7
14.3

10.3
14.6

10.3
15.0

10.4
16.1

10.7
16.8

10.8
17.5

11.9
18.9

13.4
19.6

18
19

2.2

6.3

6.4
8.2
3.3

6.6
8.5
3.4

3.6

3.9

4.1

4.6

5.1

5.5

5.8

6.1

6.3

6.5

6.7

6.8

7.0

7.0

7.1

7.1

7.2

7.3

7.5

10.8
17.8
7.6

8.0

8.4

20

12.0

12.3

12.7

13.0

13.7

14.5

15.1

16.3

16.5

17.0

17.6

17.7

18.0

18.5

19.0

20.0

20.5

20.6

20.7

21.3

24.1

24.8

26.1

27.0

21

25.5

26.0

26.7

27.1

27.6

28.0

28.3

28.2

30.3

30.6

31.0

31.2

33.7

33.8

34.5

34.7

41.2

41.9

42.7

43.1

46.4

47.1

48.0

48.2

22

113.2

116.7

115.1

116.6

116.3

117.6

113.0

114.5

111.7

114.5

116.6

122.3

137.3

140.2

141.8

145.6

145.0

147.3

153.7

158.9

162.1

168.4

175.3

178.9

23

608.7

621.8

639.7

651.5

663.0

683.2

696.2

701.4

723.8

740.2

748.1

759.1

775.0

787.0

806.2

837.0

866.6

891.7

914.1

939.9

953.8

968.2

996.3 1,015.9

24

578.8

589.8

600.2

612.4

622.7

631.7

641.8

645.3

665.5

680.0

691.4

704.9

724.0

743.3

758.8

781.5

806.1

821.8

840.3

853.4

872.6

901.4

931.7

932.4

25

563.8
14.3
.8

574.1
14.6
1.0

584.5
14.8
.9

596.4
15.1
1.0

606.4
15.2
1.0

615.2
15.4
1.1

625.1
15.6
1.1

628.4
15.8
1.0

648.6
15.9
1.0

662.9
16.1
1.0

674.1
16.3
1.1

687.1
16.7
1.1

705.9
17.1
1.0

724.7
17.6
1.0

739.7
18.1
1.0

761.8
18.7
1.1

785.7
19.5
.9

800.5
20.3
.9

818.4
21.0
.9

829.5
21.7
2.2

849.5
22.1
1.1

877.8
22.5
1.1

907.7
22.9
1.0

908.4
23.0
1.0

26
27
28

29.9

32.0

39.5

39.1

40.3

51.5

54.4

56.1

58.2

60.2

56.7

54.2

51.0

43.7

47.3

55.4

60.4

70.0

73.8

86.5

81.2

66.8

64.6

83.6

29

6.8
8.7

701.8

707.2

718.8

723.0

727.4

742.6

750.1

745.6

761.4

769.9

769.9

775.9

783.7

790.7

803.7

827.1

844.6

853.5

860.7

864.2

853.3

841.8

842.0

837.6

30

3,014
3,475
202.0

3,072
3,494
202.4

3,152
3,541
203.0

3,200
3,551
203.6

3,248
3,564
204.1

3,339
3,629
204.6

3,393
3,656
205.2

3,408
3,623
205.8

3,508
3,690
206.3

3,579
3,723
206.8

3,608
3,713
207.3

3,652
3,732
207.9

3,722
3,763
208.3

3,772
3,790
208.6

3,856
3,844
209.1

3,995
3,948
209.5

4,129
4,025
209.9

4,242
4,060
210.2

4,340
4,086
210.6

4,453
4,095
211.0

4,513
4,037
211.4

4,574
3,976
211.7

4,697
3,969
212.1

4,779
3,940
212.6

31
32
33

4.9

5.1

6.2

6.0

6.1

7.5

7.8

8.0

8.0

8.1

7.6

7.1

6.6

5.6

5.9

6.6

7.0

7.8

8.1

9.2

8.5

6.9

6.5

8.2

34




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

74

Table 2.2.—Personal Income: Annually, 1946-74 and Seasonally Adjusted Monthly Totals at Annual Rates, 1946-74
[Billions of dollars]

Wage and salary disbursements

Personal
income

Year and month

All industries

Commodity
producing»
Total

Manufacturing

Distributive *

Service 3

Government
and
government
enterprises

Other
labor
income

Proprietors' income
with inventory
Rental
valuation and
income
capital consumpof
tion adjustments
persons
with
capital
consumption
Farm Nonfarm adjustment

Dividends

Less:
Personal Transfer Personal Noninterest
contribu- farm
payincome
ments
tions for
insocial
come <
insurance

1946

177.3

112.0

46.0

36.5

31.0

14.3

20.7

2.0

14.9

21.6

5.5

5.6

6.4

11.3

2.0

159.«

January
February
March
April
May
June
July
August
Septemb er
October..
November
December

168.7
168.2
171.3
173.1
174.5
176.7
181.0
182.4
178.9
183.2
183.7
185.9

107.2
104.8
108.5
109.6
110.4
111.4
111.8
113.9
114.8
115.8
116.7
119.0

39.2
38.7
42.7
43.9
44.6
46.3
46.6
48.4
49.3
49.8
50.4
51.8

31.0
30.0
33.6
35.4
35.5
36.6
37.0
38.5
39.3
39.5
40.2
40.9

27.6
28.1
28.9
30.5
31.7
30.9
31.5
32.0
32.2
32.4
32.7
33.2

13.2
13.5
13.8
14.0
14.n
14.2
14.4
14.6
14.8
15.0
15.2
15.3

27.2
24.5
23.0
21.2
20.2
19.9
19.2
18.9
18.6
18.6
18.4
18.8

1.9
1.9
1.9
1.9
1.9
1.9
2.0
2.0
2.0
2.0
2.1
2.1

12.1
14.1
12.9
13.4
13.6
14.2
18.5
17.4
12.8
17.0
16.7
16.5

20.5
21.1
21.6
22.0
22.2
22.0
22.2
22.3
21.9
21.4
21.3
21.1

5.4
5.3
5.1
5.2
5.2
5.8
5.6
5.5
5.4
5.6
5.8
5.7

5.1
5.1
5.1
5.3
5.5
5.7
5.7
5.8
5.7
5.9
6.2
6.3

6.0
6.0
6.1
6.3
6.3
6.5
6.5
6.6
6.6
6.6
6.7
6.8

12.7
12.0
12.1
11.6
11.5
11.2
10.9
10.8
11.6
10.6
10.3
10.4

2.1
2.0
2.0
2.1
2.1
2.0
2.0
2.0
1.9
1.9
2.0
2.0

154. C
151 4
155 6
156 (3
158 1
159.7
159 8
162.2
163, £
163.4
164 1
166 1

189.8

123.1

54.2

42.5

35.2

16.1

17.5

2.4

15.2

20.6

5.3

6.3

7.3

11.7

2.1

171 5

186.8
186.5
186.3
183.5
183.9
186.7
187.0
187.6
202.4
194.4
195.2
197.5

119.2
119.4
120.2
119.9
121.5
123.0
122.0
123.2
124.8
126.3
127.8
129.2

52.0
52.2
52.7
52.8
53.8
53.8
53.5
54.1
55.2
56.0
56.8
58.0

40.9
41.2
41.6
41.8
42.0
42.1
41.8
42.0
43.1
43.6
44.2
45.2

33.5
33.8
34.1
33.5
34.2
35.2
35.4
35.6
36.3
36.6
36.9
37.2

15.5
15.6
15.7
16.0
16.1
16.4
I6.3
16.2
16.4
I6.3
16.5
16.5

18.2
17.8
17.8
17.5
17.6
17.5
16.8
17.3
17.0
17.5
17.6
17.5

2.2
2.3
2.3
2.3
2.3
2.3
2.4
2.4
2.5
2.5
2.5
2.6

16.9
17.3
16.2
13.9
13.0
13.7
14.2
14.3
16.0
15.8
15.1
16.0

21.0
20.7
20.6
20.6
20.3
20.4
20.3
20.2
20.6
20.7
21.0
21.4

5.6
5.5
5.3
5.1
4.0
5.2
5.1
5.1
5.2
5.2
5.4
5.6

6.1
6.0
6.0
6.3
6.3
6.5
6.6
6.6
6.6
6.5
6.8
6.3

7.2
7.2
7.3
7.3
7.3
7.3
7.3
7.3
7.3
7.4
7.4
7.4

10.8
10.4
10.6
10.6
10.3
10.5
11.1
10.6
21.4
12.1
11.1
11.2

2.1
2.2
2.2
2.3
2.1
2.1
2.1
2.1
2.0
2.1
1.9
2.1

166 i
166 2
167.2
166 C
167.7
169.5
169.fi
170 3
183.3
175 5
177 C
178 2

-

1947
January February _
March
April
May
June
July
August
September.
October
Novembe r
December

-

. . .

1948

208.5

135.5

60.9

47.1

37.5

18.0

19.0

2.7

17.5

23.2

5.7

7.0

7.7

11.3

2.2

187.7

January
February
March
April
May
June
July
August
September
October.
November
December

200.8
200.3
203.7
204.7
206.1
210.3
211.0
213.5
213.7
214.5
213.3
210.6

130.5
131.0
132.2
131.1
133.2
134.9
136.8
138.7
139.2
139.5
139.6
139.2

59.2
58.9
59.7
58.6
59.9
60.6
61.7
62.7
62.5
62.7
62.6
62.2

46.1
45.9
46.4
46.1
46.3
46.9
47.7
48.2
48.1
48.1
48.3
47.6

36.2
37.1
36.5
36.6
37.3
37.4
37.7
38.2
38.6
38.5
38.2
38.1

17.3
17.6
17.5
17.8
17.9
18.0
18.2
18.3
18.3
18.3
18.4
18.4

17.8
17.5
18.5
18.0
18.2
18 8
19.1
19.5
19.8
19.9
20.4
20.5

2.6
2.7
2.7
2.7
2.7
2.7
2.7
2.7
2.7
2.8
2.8
2.8

16.0
14.8
16.2
18.1
18.0
20.3
18.5
18.6
18.4
18.8
17.0
15.4

22.1
22.1
22.5
23.0
22.9
23.2
23.5
23.8
23.8
23.8
23.8
23.8

5.5
5.5
5.5
5.6
5.6
5.7
5.7
5.8
5.8
5.9
5.9
6.0

7.3
7.1
6.9
6.6
6.7
6.9
7.1
7.1
7.2
7.4
7.8
7.0

7.6
7.7
7.7
7.7
7.7
7.6
7.6
7.6
7.7
7.7
7.8
7.8

11.3
11.4
12.3
12.0
11.3
11.3
11.3
11.3
11.1
10.9
10.8
11.1

2.2
2.0
2.1
2.1
2.1
2.2
2.2
2.2
2.3
2.2
2.2
2.3

181.6
181.3
184.4
183 4
184.9
187.0
189.3
191.4
191 8
192. C
192.8
191.6

1949

205.6

134.8

57.7

44.6

37.7

18.6

20.8

2.9

12.7

23.5

6.1

7.2

8.2

12.5

2.2

189.9

January _ - . .
February
March.
April
May
June
July
August .
September..
October
November
December

207.3
206.3
207.5
206.5
206.0
204.0
202.5
204.1
207.3
203.6
206.1
207.2

137.9
136.7
135.8
135.6
135.4
133.9
133.6
133.3
134.8
132.6
133.1
134.6

61.1
60.4
59.1
58.2
57.9
56.8
57.0
56.5
57.5
55.2
55.7
56.8

47.0
46.6
45.5
44.8
44.6
44.1
44.3
44.1
44.8
43.1
42.7
44.2

38.1
37.8
37.8
38.4
38.4
37.8
37.2
37.3
37.6
37.1
37.0
37.4

18.4
18.1
18.6
18.5
18.6
18.5
18.4
18.5
18.7
19.0
19.0
19.0

20.4
20.3
20.4
20.5
20.5
20.7
20.9
20.9
21.0
21.3
21.4
21.4

2.8
2.8
2.8
2.8
2.9
2.9
3.0
3.0
3.0
3.1
3.1
3.1

13.1
13.0
14.0
13.2
12.8
12.2
10.7
12.4
13.2
12.0
13.0
12.4

23.4
23.4
23.5
23.5
23.5
23.5
23.2
23.4
23.6
23.5
23.7
23.5

5.9
5.9
5.9
6.0
6.0
6.0
6.1
6.2
6.2
6.3
6.4
6.4

7.4
7.2
7.1
7.2
7.2
7.2
7.1
7.0
7.1
7.2
7.4
7.5

7.9
8.0
8.1
8.1
8.2
8.2
8.3
8.3
8.4
8.4
8.5
8.5

11.2
11.5
12.5
12.4
12.3
12.4
12.7
12.8
13.2
12.9
13.1
13.4

2.3
2.3
2.3
2.2
2.2
2.3
2.1
2.2
2.2
2.2
2.2
2.2

191.0
190.1
190.3
190.3
190.1
188.7
188.7
188.6
190.8
188.4
189.9
191.5

226.1

147.0

64.6

50.3

39.8

20.0

22.6

3.7

13.5

24.9

7.1

8.8

8.9

15.2

2.9

209.3

215.5
218.4
223.5
218.8
219.2
220.3
224.6
228.9
231.0
234.2
236.3
241.7

136.1
136.1
138.7
140.7
142.5
144.7
147.4
151.0
153.1
155.9
157.7
160.0

57.7
57.4
59.5
61.0
62.5
63.6
65.5
67.4
67.8
70.0
70.9
71.9

45.1
45.2
45.7
47.1
48.6
49.4
50.7
52.5
52.7
54.5
55.4
56.4

37.8
37.8
38.2
38.5
38.9
39.6
40.3
40.8
41.2
41.3
41.3
42.1

19.2
19.4
19.5
19.5
19.6
19.8
19.8
20.2
20.3
20.5
20.7
20.9

21.4
21.4
21.5
21.8
21.4
21.8
21.9
22.6
23.8
24.1
24.8
25.1

3.2
3.3
3.3
3.4
3.5
3.6
3.7
3.8
3.9
4.0
4.0
4.1

13.6
12.2
12.7
12.4
13.5
12.2
13.5
14.1
13.2
14.2
15.0
15.0

23.6
23.7
23.8
24.0
24.3
24.8
25.9
26.1
25.6
25.4
25.3
26.2

6.7
6.8
6.9
6.9
6.9
7.0
7.1
7.2
7.3
7.3
7.4
7.4

8.3
8.3
8.2
8.2
8.4
8.5
8.5
8.7
10.1
8.8
8.8
10.8

8.6
8.7
8.7
8.7
8.8
8.9
9.0
9.1
9.1
9.2
9.2
9.2

18.2
22.2
23.9
17.1
14.2
13.6
12.3
11.9
11.6
12.4
12.1
12.0

2.8
2.7
2.8
2.7
2.8
2.9
2.8
3.0
2.8
3.2
3.1
3.0

198.6
202.9
207.5
203.2
202.5
204.9
207.8
211.5
214.5
216.7
218.1
223.5

.

1950
January..
February
March
April
May
June
July
August
September..
October
November
December . .

. _.

.

-

1951

253.7

171.3

76.1

59.3

44.3

21.7

29.2

4.6

15.8

27.0

7.7

8.5

9.6

12.6

3.4

234.4

January .
February March
April
May
June
July August
September
October
November ._. .
December

242.9
245.5
248.1
250.9
252.3
254.0
253.5
256.4
256.9
259.8
260.8
261.8

162.4
165.2
167.5
169.6
169.8
172.5
172.0
172.7
173.6
174.7
176.8
178.1

72.7
73.8
75.0
76.4
76.3
76.7
76.9
76.7
76.8
76 6
77.4
78.5

56.8
57.7
58.6
59.8
59.5
59.9
59 7
59.6
59.8
59 3
60.1
61.1

42.6
43.6
43.7
44.1
43.7
45.1
44 1
44.4
44.7
44 6
45.0
45.5

21.0
21.1
21.3
21.3
21.4
21.6
21.7
21.8
21.9
22 2
22.3
22.5

26.0
26.7
27.4
27.9
28.4
29.1
29.3
29.8
30.2
31 4
32 2
31.6

4.2
4.3
4.4
4.5
4.5
4.6
4.7
4.7
4.8
48
49
5.0

15.4
15.4
15.5
15.9
16.4
14.9
15.0
16.3
15.8
16.9
16.2
15.6

26.9
26.7
26.7
26.7
26.9
26.9
26.9
27.3
27.2
27.4
27.4
27.3

7.4
7.4
7.4
7.5
7.5
7.6
7.7
7.8
7.9
8.0
8.1
8.2

8.1
8.2
8.5
8.5
8.5
8.5
8.4
8.4
8.4
8.6
8.2
8.7

9.4
9.4
9.5
9.5
9.5
9.6
9.6
9.7
9.7
9.7
9.8
9.8

12.4
12.2
12.1
12.2
12.7
12.9
12.7
12.8
12.8
13.1
12.8
12.4

3.5
3.3
3.6
3.3
3.6
3.4
3.4
3.3
3.4
3.5
3.5
3.4

224.1
226.9
229.2
231.6
232.5
235.7
235.0
236.6
237.7
239.4
241.2
242.8

..
.

• R e v i s e d estimates for 1973 and 1974 will be s h o w n i n the July 1976 S U R V E Y OF C U R R E N T
B U S I N E S S . Further revisions to the 1974 estimates will be s h o w n i n the J u l y 1977 S U R V E Y OF
CURRENT BUSINESS.




1. Consists of agriculture, forestry, and fisheries; mining; contract construction; a n d
manufacturing.
.
2. Consists of transportation; communication; electric, gas, and sanitary services; a n d trade.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

75

Table 2.2.—Personal Income: Annually, 1946 1 and Seasonally Adjusted Monthly Totals at Annual Rates, 1946-74—Continued
(Billions of dollars]

Wage and salary disbursements

Year and month

Personal
income
All industries

Commodity
producingl

Total

1952.
January
FebruaryMarch
April
May
June
July
August
September..
October
November..
December..
1953.
January
February...
March
April
May
June
July
August
SeptemberOctober
NovemberDecember. .

Manufacturing

Distributive *

Government
and
Service « government
enterprises

Other
labor
income

Proprietors' income
with inventory
valuation and
capital consumption adjustments

Farm

Nonfarm

Rental
income
of
persons
with
capital
consumption
adjustment

Dividends

270.4

185.4

81.9

64.1

46.9

23.3

33.3

5.2

14.9

28.0

8.8

8.5

259.9
263.7
264.3
263.9

179.4
181.0
181.9
180.6
182.5
182.7
180.4
186.9
189.8
191.3
193.1
194.4

79.2
79.8
80.2
79.4
80.0
79.2
76.7
82.1
85.1
85.8
86.9
88.3

61.5
62.0
62.5
61.9
62.5
62.1
59.4
64.2
66.8
68.0
68.8
70.1

45.5
45.8
46.2
45.7
46.3
46.5
46.8
47.5
47.3
47.9
48.3
48.3

22.6
22.9
22.8
22.9
23.1
23.2
23.3
23.3
23.6
23.7
23.8
23.9

32.1
32.5
32.6
32.7
33.1
33.8
33.6
33.9
33.7
33.9
34.0
33.8

5.0
5.0
5.1
5.1
5.1
5.1
5.2
5.3
5.3
5.3
5.4
5.4

13.8
15.0
14.6
14.6
14.8
15.8
16.8
16.6
16.4
15.2
12.5
12.6

27.4
27.6
27.5
27.7
27.9
28.2
28.1
28.1
28.1
28.6
28.6
28.8

8.1
8.2
8.3
8.5
8.7
8.8
8.8
9.0
9.1
9.3
9.4
9.5

7.4
8.2
8.4
8.5
8.6
8.5
8.4
8.5
8.5
8.6
8.7
8.7

268.4
267.3
274.8
277.5
278.7
278.1
280.1

Personal Transfer Personal
paycontribuinterest
ments
tions for
income
social
insurance

10.3

13.1

3.8

10.0
10.0
10.0
10.1
10.2
10.3
10.4
10.4
10.5
10.7
10.8

12.8
12.4
12.4
12.5
12.9
12.8
13.0
14.0
13.7
13.6
13.6
13.9

3.9
3.7
3.8
3.7
3.7
3.8
3.8
3.7
3.8
3.8
3.8
3.9

286.1

198.6

89.4

71.2

49.7

25.0

34.4

5.9

12.9

28.4

10.0

8.8

11.4

14.1

4.0

280.8
282.7
285.5
285.8
287.1
288.3
287.8
287.1
287.1
288.9
287.1
286.2

194.8
196.5
198.4
199.0
200.1
200.1
200.0
200.1
199.1
199.8
198.3
196.8

88.5
89.3
90.3
90.4
90.6
90.4
90.8
90.3
88.9
89.0
87.8
86.9

70.3
71.0
72.0
72.3
72.4
72.2
72.5
72.0
70.6
70.7
69.5

48.1
48.7
49.1
49.3
50.0
50.0
50.0
50.1
50.2
50.6
50.5
49.9

24.0
24.3
24.6
24.9
24.9
25.2
25.2
25.2
25.5
25.6
25.5
25.6

34.1
34.2
34.3
34.3
34.6
34.5
34.4
34.6
34.5
34.5
34.4
34.3

5.5
5.7
5.8
5.8
5.8
5.8
5.9
6.0
6.0
6.0
6.1
6.1

13.9
13.1
13.3
12.6
12.7
13.3
12.6
11.9
12.9
12.8
12.8
13.3

28.7
28.7
28.8
28.6
28.5
28.4
28.4
28.2
28.1
28.1
28.0
27.8

9.4
9.5
9.6
9.7
9.8
9.9
10.1
10.2
10.3
10.5
10.6
10.7

7.8
8.5
8.7
9.0
9.2
9.2
9.1
9.0
8.9
8.9
9.0
8.6

10.8
11.0
11.1
11.2
11.3
11.3
11.4
11.4
11.5
11.9
12.0
12.1

13.8
13.7
13.9
13.9
13.8
14.2
14.0
14.2
14.1
15.0
14.3
14.7

3.9
3.9
4.0
4.0
4.0
4.0
4.0
4.0
3.9
4.0
3.9
4.0

196.8

85.5

67.5

50.1

26.3

34.9

6.1

12.3

28.5

11.0

9.1

12.7

16.2

4.6

86.0
86.3
85.7
85.0
85.3
85.0
84.3
84.3
84.1
85.4
87.2
87.6

68.1
67.9
67.6
67.0
67.2
67.0
66.5
66.5
66.4
67.4
69.1

50.0
50.1
49.9
50.0
49.5
49.9
50.1
50.1
50.6
50.4
50.8
50.1

25.5
25.5
25.6
25.8
25.8
26.1
26.1
26.6
26.8
27.1
27.3
27.3

34.4
34.4
34.3
34.5
34.7
34.9
34.9
35.1
35.3
35.3
35.3
35.4

6.0
6.0
6.0
6.0
6.0
6.0
6.1
6.1
6.2
6.3
6.3
6.4

13.7
13.5
12.8
11.8
11.7
11.9
11.8
12.3
13.1
11.6
11.9
11.5

27.6
27.8
28.0
28.2
28.3
28.5
28.5
28.4
28.6
29.0
29.4
29.5

10.5
10.6
10.7
10.8
10.9
11.0
11.1
11.2
11.3
11.3
11.4
11.4

9.5
9.3
9.0
8.8
8.7
8.6
8.9
9.0
9.3
9.1
9.3
9.3

12.2
12.3
12.4
12.5
12.6
12.7
12.8
12.9
13.0
13.1
13.1
13.2

14.9
15.4
15.9
16.0
16.0
16.0
16.4
16.3
16.5
17.3
17.0
17.1

4.6
4.5
4.6
4.6
4.5
4.6
4.6
4.6
4.7
4.7
4.7
4.8

1954..
January
February...
March
April
May
June
July
August
September..
October
NovemberDecember. .

285.7
286.7
285.7
284.6
285.5
285.7
286.2
287.8
289.5
291.4
294.0
294.9

195.8
196.3
195.6
195.2
195.8
195.6
195.2
196.2
196.2
198.4
200.2
201.1

1955..

308.8

211.7

92.9

73.8

53.4

28.8

36.6

7.0

11.3

31.2

11.3

10.3

13.8

17.5

5.2

January
FebruaryMarch
April
May
June
July
August
September..
October
NovemberDecember. .

296.3
298.0
300.4
303.4
306.0
307.1
311.8
312.0
314.3
315.9
318.3
320.3

202.2
203.4
205.1
207.4
209.8
210.9
214.9
214.0
215.3
217.2
219.1
220.3

88.1
89.2
90.3
91.1
92.7
92.9
93.7
93.7
94.3
95.4
96.7
97.0

69.8
70.7
71.6
72.2
73.5
73.6
74.2
74.4
75.0
76.0
77.4
77.6

51.1
51.3
51.6
52.1
52.6
53.1
53.8
54.2
54.6
55.0
55.2
55.8

27.5
27.5
27.8
28.1
28.4
28.5
29.0
29.3
29.5
29.7
29.9
30.2

35.4
35.5
35.4
36.2
36.1
36.4
38.4
36.8
36.9
37.1
37.2
37.4

6.5
6.6
6.7
6.8
6.9
7.0
7.1
7.2
7.3
7.4
7.4
7.4

11.8
11.7
11.4
11.6
11.6
11.3
10.6
11.2
11.3
10.8
11.2
10.6

30.0
30.1
30.4
30.8
30.9
30.9
31.6
31.5
31.9
32.2
32.2
32.2

11.2
11.2
11.2
11.2
11.2
11.2
11.2
11.3
11.3
11.4
11.4
11.4

9.7
9.7
10.0
9.9
10.0
9.8
10.3
10.6
10.6
10.3
10.3
11.4

13.2
13.3
13.4
13.4
13.6
13.7
13.9
14.0
14.2
14.2
14.3
14.4

16.9
17.0
17.4
17.3
17.3
17.5
17.5
17.6
17.7
17.7
17.7
17.9

5.1
5.0
5.2
5.1
5.2
5.2
5.3
5.3
5.3
5.3
5.4
5.4

228.3

100.4

79.4

57.7

31.5

38.8

8.0

11.2

32.4

11.6

11.1

15.3

18.7

5.8

97.3
97.5
98.1
99.8
99.2
99.8
98.3
100.9
102.1
103.4
103.2
104.9

77.5
77.3
77.7
79.0
78.2
78.3
77.5
79.5
80.7
82.1
81.9
83.3

56.2
56.7
57.1
57.5
57.3
57.6
57.6
57.8
58.2
58.4
58.7
59.1

30.3
30.6
30.8
31.0
31.2
31.5
31.6
31.8
31.9
32.2
32.4
32.7

37.5
37.8
38.1
38.3
38.4
38.8
39.0
39.1
39.4
39.5
39.6
39.8

7.5
7.6
7.8
7.8
7.9
8.0
8.1
8.2
8.3
8.4
8.5
8.5

11.0
11.3
10.5
10.6
10.9
11.0
11.3
11.8
11.6
12.2
11.4
10.8

31.9
31.8
32.1
32.2
32.2
32.4
32.1
32.5
32.6
32.8
33.0

11.4
11.4
11.5
11.5
11.6
11.6
11.7
11.7
11.7
11.8
11.8
11.8

10.9
11.0
10.8
10.8
10.9
11.0
10.9
10.9
11.1
11.5
11.6
11.1

14.5
14.6
14.8
15.0
15.2
15.3
15.4
15.5
15.6
15.8
16.0
16.1

18.1
18.1
18.3
18.3
18.5
18.6
18.7
19.1
19.1
19.2
19.1
19.3

5.7
5.7
5.7
5.7
5.8
5.8
5.8
5.9
5.8
6.0
6.0
6.0

33.8

41.0

9.0

11.0

33.9

12.2

11.5

17.4

21.6

6.7

59.1
59.6
60.0
59.9
60.2
60.7
60.9
61.3
61.1
60.9
61.1
61.0

32.7
33.2
33.5
33.5
33.5
33.7
34.0
34.1
34.3
34.1
34.4
34.5

40.0
40.2
40.4
40.3
40.8
41.0
41.3
41.5
41.7
41.6
41.6
41.6

8.5
8.6
8.7
8.8
8.9
9.0
9.1
9.2
9.3
9.4
9.4
9.5

10.5
10.6
10.6
10.6
10.8
10.9
11.3
11.6
11.3
11.3
11.3
11.6

33.5
33.8
33.8
33.8
33.9
34.2
34.3
34.3
34.2
34.1
33.8

11.9
11.9
12.0
12.1
12.1
12.2
12.3
12.4
12.5
12.6
12.5
12.4

11.4
11.4
11.6
11.6
11.7
11.7
11.8
11.8
11.7
11.7
11.7
11.2

16.3
16.5
16.7
16.9
17.1
17.3
17.5
17.7
17.9
18.0
18.2
18.2

19.9
20.2
20.5
20.9
21.8
21.8
21.8
21.8
21.8
22.8
23.0
23.5

6.7
6.6
6.7
6.6
6.7
6.7
6.8
6.8
6.7
6.7
6.7
6.6

1956..
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..

320.9
322.8
324.2
327.2
327.6
329.7
328.8
333.8
335.8
341.3

221.3
222.5
224.1
226.6
226.2
227.7
226.4
229.7
231.6
233.5
233.9
236.5

1957..

349.3

239.3

104.0

82.4

January
February...
March
April
May
June
July
August
SeptemberOctober
NovemberDecember..

341.3
344.4
345.9
346.3
348.0
350.6
352.1
353.7
352.8
352.8
353.1
352.0

235.9
238.1
238.7
238.2
238.4
240.1
240.8
241.7
240.8
239.7
239.8
238.6

104.0
105.0
104.9
104.4
103.9
104.6
104.6
104.8
103.8
103.1
102.7
101.5

82.8
83.4
83.3
83.0
82.4
82.9
82.9
83.3
82.2
81.6
81.4
80.0

3. Consists of finance, insurance, and real estate; services; and rest of the world.
4. Equals personal income less the following farm components: Wages and salaries, other
labor income, proprietors' income with inventory valuation and capital consumption adjustm e n t , and net interest. These components plus employer contributions for social insurance
and farm corporate profits with inventory valuation and capital consumption adjustments
equal income shown annually in table 1.18.




NOTE.—The industry classification of wage and salary disbursements and proprietors
income is on an establishment basis and is based on the 1967 Standard Industrial Classification
beginning with 1948 and on the 1942 Standard Industrial Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

76

Table 2.2.—Personal Income: Annually, 1946-74 and Seasonally Adjusted Monthly Totals at Annual Rates, 1946-74—Continued
[Billions of dollars]

Wage and salary disbursements

Year and month

Personal
income
All industries

Commodity
producing*
Total

Manufacturing

Distributive 2

Service 3

Farm

Nonfarm

Kental
income
of
persons
with
capital
consumption
adjustment

Dividends

Less:
Personal Transfer Personal
interest
paycontribuincome
ments tions for
social
insurance

44.1

9.4

13.1

34.3

12.9

11.3

18.8

25.9

6.9

34.7
34.9
35.1
35.3
35.6
35.7
35.9
36.0
36.2
36.6
36.7
36.9

41.7
42.0
42.3
42.5
42.8
43.9
48.3
45.0
45.0
45.1
45.3
45.3

9.3
9.2
9.1
9.1
9.2
9.3
9.3
9.4
9.4
9.6
9.8
9.9

12.3
13.8
14.7
13.7
13.2
12.6
12.9
12.9
13.1
12.7
12.7
12.7

33.6
33.5
33.6
33.8
33.9
34.0
34.2
34.4
34.5
34.9
35.4
35.4

12.7
12.7
12.7
12.8
12.8
12.9
12.8
12.9
12.9
13.0
13.1
13.1

11.4
11.4
11,4
11.4
11.4
11.4
11.4
11.3
11.3
11.1
11.0
11.1

18.2
18 2
18.2
18.2
18.3
18.5
18.8
19.0
19.2
19.4
19.5
19.7

24.2
24.1
25.0
26.1
26.6
26.2
26.5
26.8
26.7
26.7
26.0
26.1

6.8
6.7
6.7
6.7
6.7
6.8
7.1
6.9
6.9
6.9
7.0
7.0

64.8

38.8

46.0

10.6

10.7

36.6

13.2

12.2

20.9

27.0

7.9

63.0
63.4
63.8
64.2
64.8
65.2
64.9
65.4
65.2
65.6
65.8
66.2

37.0
37.3
37.7
38.2
38.3
38.5
39.0
39.1
39.4
40.0
40.2
40.6

45.3
45.5
45.5
45.6
45.8
46.0
46.1
46.3
46.3
46.5
46.7
46.8

10.0
10.1
10.2
10.4
10.5
10.6
10.7
10.8
10.8
10.9
10.9
11.0

11.9
11.6
11.3
11.1
10.9
10.8
10.9
9.6
9.4
9.0
10.1
11.3

35.5
35.9
36.3
36.6
36.8
37.0
37.0
36.7
36.8
36.7
36.7
36.6

12.9
12.8
12.9
13.0
13.1
13.2
13.3
13.4
13.5
13.5
13.6
13.6

11.5
11.8
11.9
12.0
12.1
12.2
12.2
12.4
12.4
12.5
12.5
12.7

19.7
19.9
20.1
20.3
20.5
20.8
21.0
21.2
21.5
21.7
22.0
22.4

26.4
26.7
26.6
26.6
26.5
26.7
26.9
26.8
27.3
27.4
28.0
27.9

7.8
7.8
7.9
7.9
8.0
8.1
8.0
7.9
7.9
7.9
8.0
8.0

41.7

49.2

11.2

11.4

35.6

13.8

12.9

23.3

28.9

9.3

47.4
47.6
48.0
48.3
48.7
48.8
49.4
49.9
50.2
50.4
50.5
50.6

11.0
11.0
11.1
11.1
11.2
11.2
11.2
11.3
11.3
11.4
11.4
11.4

10.7
10.1
9.7
11.2
11.8
12.1
11.9
11.9
11.8
11.8
12.1
12.0

36.4
36.2
35.9
36.1
36.0
35.7
35.4
35.1
35.0
35.2
34.9
34.8

13.5
13.5
13.6
13.7
13.7
13.7
13.8
13.8
13.9
13.9
14.0
14.0

12.7
12.7
12.7
12.7
12.8
12.8
13.0
13.1
13.2
13.1
13.1
12.8

22.9
23.0
23.1
23.1
23.1
23.1
23.3
23.3
23.5
23.6
23.7
23.7

27.4
27.6
28.1
28.2
28.4
28.8
28.9
29.3
29.7
29.8
30.4
30.8

9.2
9.2
9.2
9.2
9.3
9.2
9.3
9.3
9.4
9.4
9.3
9.3

1958.

359.3

240.5

99.8

78.6

60.8

January...
February..
March....
April
May
June
July
August
September.
October...
November.
December.

352.0
351.5
353.3
352.4
353.7
355.6
362.1
361.9
364.0
364.8

237.1
235.4
235.4
233.9
234.9
237.5
243.2
242.1
243.6
244.2
248.6
249.8

100.3
98.1
97.9
96.6
96.7
97.7
98.7
100.3
101.2
100.9
104.5
105.0

78.8
77.4
77.1
75.9
75.9
76.9
77.8
79.1
79.9
79.2
82.4
83.0

60.4
60.4
60.1
59.5
59.8
60.2
60.4
60.8
61.2
61.6
62.2
62.6

1959.

382.1

258.9

109.3

86.8

January- .
February—
March
April
May
June
July
August
September.
October....
November.
December .

371.4
373.6
376.6
379.7
382.3
384.8
385.2
382.3
383.1
384.1
388.2

251.3
252.8
255.2
257.6
259.9
261.5
261.2
259.4
259.4
260.3
262.4
266.3

105.9
106.6
108.3
109.6
110.9
111.8
111.2
108.5
108.6
108.2
109.6
112.7

83.7
84.6
86.0
87.0
88.2
88.9
88.8
86.1
86.4
85.9
86.7
89.7

370.8

Government
and
government
enterprises

Other
labor
income

Proprietors' income
with inventory
valuation and
capital consumption adjustments

I960..

399.7

271.9

112.9

89.7

68.2

January...
February..
March
April
May
June
July
August
September.
October...
November.
December.

394.7
394.9
395.3
400.4
400.7
401.2
401.4
402.1
403.5
403.0
400.5

269.3
269.9
270.4
272.0
272.8
272.6
273.1
272.9
273.0
274.1
272.8
270.2

114.2
114.5
114.0
114.0
114.4
113.4
113.2
112.4
111.8
112.0
111.1
108.9

91.3
91.4
91.3
90.8
90.9
90.3
89.8
89.1
88.5
88.7
87.8
86.1

67.0
67.0
67.8
68.4
68.4
68.6
68.7
68.6
68.6
69.2
68.5
67.9

40.6
40.7
40.6
41.2
41.4
41.6
41.8
42.0
42.4
42.4
42.6
42.8

1961.

415.0

279.5

113.4

89.8

69.3

44.4

52.4

11.8

11.8

36.4

14.3

13.3

24.6

32.8

9.7

January...
February..
March
April
May
June
July
August
September.
October.._
November.
December.

403.8
405.8
407.1
407.9
410.9
415.1
417.0
417.3
418.2
421.9
426.0
428.6

272.5
272.5
273.5
274.6
276.3
278.9
280.1
281.5
281.9
284.7
287.8
289.3

110.1
109.7
110.3
110.9
112.0
113.6
114.0
114.8
113.7
115.8
117.6
118.2

86.8
86.8
87.0
87.8
88.9
89.8
90.4
91.1
89.8
91.8
93.4
93.9

68.5
68.3
68.1
68.4
68.6
69.0
69.5
69.3
70.0
70.3
70.4
70.5

43.1
43.3
43.8
43.7
44.0
44.3
44.2
44.7
44.9
45.0
45. 5
46.0

50.8
51.1
51.3
51.6
51.6
52.1
52.3
52.7
53.3
53.6
54.3
54.6

11.5
11.5
11.6
11.6
11.7
11.7
11.8
11.9
12.0
12.1
12.2
12.3

11.8
11.9
12.0
11.7
11.6
11.6
11.6
11.6
11.7
11.8
12.1
12.1

35.5
35.6
35.9
36.0
36.3
36.7
36.6
36.7
36.8
37.0
37.2
37.1

14.1
14.1
14.1
14.2
14.2
14.2
14.3
14.4
14.4
14.4
14.5
14.5

13.0
13.0
13.1
13.0
13.1
13.2
13.2
13.3
13.5
13.7
13.8
14.1

23.7
23.8
24.0
24.1
24.3
24.4
24.6
24.8
25.0
25.3
25.6
25.9

31.2
32.8
32.5
32.1
33.0
33.9
34.3
32.8
32.6
32.6
32.7
33.1

9.5
9.5
9.5
9.5
9.6
9.6
9.7
9.7
9.7
9.8
9.8
9.9

1962.

440.7

298.0

121.5

96.7

72.8

47.5

56.3

13.0

11.9

37.7

15.0

14.4

27.1

33.8

10.3

January...
February..
March
April
May
June
July
August
September.
October...
November.
December.

117.6
119.1
120.3
121.8
121.5
121.5
122.0
122.1
123.0
122.5
123.5
123.2

93.8
94.8
95.7
96.8
96.6
96.9
97.2
97.0
97.7
97.4
97.9
98.0

70.9
71.3
72.3
72.2
72.6
72.9
73.0
73.0
73.6
73.5
73.9
74.2

46.1
46.3
46.6
47.2
47.3
47.4
47.7
47.8
47.9
48.1
48.4
48.7

54.9
55.4
55.6
55.7
55.8
56.4
56.3
56.4
56.6
57.0
57.7
58.0

313.4

126.6

100.6

76.3

50.6

60.0

305.1
306.5
308.0
306.8
310.5
313.4
313.6
315.3
317.2
319.4
320.1
322.7

123.8
123.8
124.2
124.6
125.7
126.6
127.1
127.3
128.4
128.8
128.9
130.0

98.4
98.5
99.0
99.0
99.9
100.6
100.9
100.8
101.6
102.1
102.7
103.5

73.9
74.6
75.3
75.3
75.6
76.6
76.2
76.8
77.3
77.5
77.7
78.3

49.1
49.5
49.7
49.8
50.1
50.4
50.6
51.0
51.1
51.6
51.7
52.1

58.3
58.6
58.8
59.1
59.2
59.8
59.7
60.2
60.5
61.6
61.9
62.2

428.5
431.6
435.3
437.9
438.9
440.3
441.9
443.1
445.4
446.4
448.6
450.7

289.5
292.0
294.7
296.9
297.2
298.2
299.1
299.3
301.2
301.1
303.2
304.2

1963.

463.1

January...
FebruaryMarch
April
May
June
July
August—
September.
October...
November.
December.

454.9
453.0
454.7
456.2
458.5
462.2
463.1
465.4
468.2
471.3
472.5
477.0




14.6
14.7
14.7
14.7
14.8
14.9
15.0
15.1
15.2
15.4
15.5
15.6

13.8
14.0
14.1
14.4
14.4
14.5
14.4
14.6
14.7
14.5
14.5
15.1

25.6
25.8
26.1
26.3
26.6
27.0
27.3
27.6
27.8
28.2
28.5
28.8

33.3
33.3
33.6
33.3
33.3
33.5
33.7
33.9
33.8
34.8
34.4
34.3

10.1
10.2
10.3
10.3
10.3
10.3
10.3
10.3
10.4
10.4
10.5
10.5

38.7

15.7

15.5

30.2

35.8

11.8

38.0
38.1
38.1
38.3
38.3
38.4
38.7
38.9
39.1
39.5
39.5

15.6
15.6
15.6
15.7
16.0
15.7
15.7
15.7
15.7
15.7
15.7
15.7

15.1
15.1
15.0
15.1
15.4
15.6
15.6
15.5
15.6
15.7
15.9
16.4

28.9
29.0
29.1
29.3
29.6
29.9
30.2
30.6
30.9
31.2
31.5
31.8

38.5
34.8
35.0
35.1
35.2
35.6
35.5
35.6
35.8
36.1
36.1
36.8

11.6
11.6
11.6
11.6
11.7
11.8
11.8
11.8
11.9
11.9
12.0
12.1

12.2
12.2
12.1
12.2
12.0
11.8
11.8
11.7
11.6
11.7
11.7
11.7

37.2
37.3
37.6
37.7
37.8
37.8
37.9
38.0
38.1
37.7
37.8
37.9

14.0

11.6

13.6
13.6
13.6
13.7
13.7
13.8
13.9
14.0
14.2
14.3
14.5
14.6

11.7
11.8
11.8
11.9
11.8
11.6
11.6
11.6
11.6
11.4
11.3
11.2

12.4
12.5
12.7
12.7
12 9
13.0
13.1
13.2
13.3
13.4
13.5
13.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

77

Table 2.2.—Personal Income: Annually, 1946-74 and Seasonally Adjusted Monthly Totals at Annual Rates, 1946-74—Continued
[Billions of dollars]
Proprietors' income
with inventory
valuation and
capital consumption adjustments

Wage and salary disbursements

Year and month

Personal
income
All industries

Commodity
producing *

Total

1964.
January
February
March
April
May
June
July
August
September....
October
November...
December

Manufacturing

Distributive «

Service 8

Government
and
government
enter-

Other
labor
income
Farm

Nonfarm

Rental
income
of
persons
with
capital
consumption
adjustment

Dividends

Personal
Personal Transfer contribupaytions for
interest
ments
income
social
insurance

495.7

336.1

135.1

107.1

81.4

54.7

64.9

15.7

10.3

42.0

16.1

17.3

33.3

37.4

12.6

479.8
482.1
484.7
488.3
491.6
494.1
497.0
500.9
503.6
504.2
507.8
513.7

323.5
327.1

340.1
341.8
341.9
344.7
348.6

129.4
131.6
132.4
133.7
134.1
134.8
135.7
136.8
137.7
136.3
138.2
140.6

103.2
104.3
105.0
106.0
106.4
106.7
107.5
108.6
109.6
107.4
109.5
111.5

78.6
79.4
79.6
79.9
80.8
81.3
81.7
82.5
82.4
83.1
83.4
84.5

52.7
53.3
53.5
53.9
54.3
54.5
54.8
55.1
55.5
55.9
56.4
56.5

62.8
63.1
63.4
63.6
64.1
64.6
64.6
65.7
66.1
66.7
66.7
67.1

14.8
15.0
15.1
15.3
15.5
15.6
15.8
16.0
16.1
16.3
16.5
16.7

10.4
10.2
10.0
10.1
10.3
10.1
10.1
10.1
10.1
10.5
10.6
10.8

40.5
40.8
41.2
41.8
41.9
42.2
42.4
42.6
42.7
42.3
42.5
42.8

15.8
15.9
16.0
16.0
16.0
16.0
16.1
16.2
16.3
16.3
16.4
16.4

16.5
16.7
16.8
16.9
17.2
17.4
17.5
17.4
17.6
17.7
17.9
18.3

31.8
31.9
32.1
32.5
32.8
33.1
33.4
33.8
34.0
34.2
34.5
34.9

38.8
36.6
36.8
37.1
37.2
37.1
37.4
37.4
37.6
37.6
37.5
38.1

12.2
12.3
12.4
12.4
12.5
12.5
12.6
12.7
12.7
12.7
12.8
12.9

331.2
335.1

537.0

362.0

145.7

115.5

87.2

59.2

69.9

17.8

12.6

44.1

17.1

19.1

37.2

40.4

13.3

January
February—
March
April
May
June
July
August
SeptemberOctober
November ~
December..

517.9
518.2
521.2
524.9
529.8
534.0
537.1
539.2
554.1
551.2
556.0
560.8

349.3
351.1
352.9
354.6
357.7
359.1
361.8
364.2
367.4
372.0
375.4
378.5

141.1
142.3
142.8
142.7
144.1
145.2
145.5
146.2
147.0
148.9
150.4
152.2

112.0
112.6
113.3
113.3
114.0
114.9
115.7
116.0
116.6
118.0
119.3
120.3

84.5
84.8
85.3
86.0
86.7
86.2
87.2
87.8
88.4
89.5
89.9
90.4

56.6
56.6
57.2
57.7
58.5
58.8
59.5
59.9
60.6
61.3
62.0
62.1

67.2
67.4
67.6
68.2

16.8
17.0
17.2
17.4
17.6
17.7
17.9
18.1
18.3
18.5
18.6
18.8

11.4
11.5
11.4
11.9
12.9
14.0
13.4
13.0
12.9
12.7
12.8
13.1

42.6
42.9
43.4
43.5
43.7
44.0
44.3
44.3
44.5
45.0
45.4
45.7

16.4
16.7
16.9
17.0
17.0
17.0
17.1
17.3
17.4
17.5
17.5
17.6

18.2
18.2
18.3
18.5
18.8
19.3
19.3
19.3
19.6
19.8
20.0
20.2

35.3
35.6
35.9
36.4
36.7
37.2
37.5
37.8
38.1
38.3
38.5
38.9

40.7
38.2
38.4
38.8
38.7
38.8
39.2
38.7
49.3
41.0
41.4
41.8

13.0
13.0
13.1
13.1
13.2
13.2
13.3
13.4
13.5
13.6
13.7
13.8

1966..

584.9

398.4

160.7

128.0

94.4

65.0

78.3

19.9

13.6

46.7

18.2

19.4

41.8

44.7

17.8

January
FebruaryMarch
April
May
June
July
August
September..
October
November..
December. .

562.9
568.4
572.3
575.1
577.5
582.3
585.8
590.9
595.9
599.3
603.3
604.8

380.6
384.1

152.7
155.3
156.9
158.5
159.3
161.2
161.5
163.2
164.0
164.8
165.2
165.3

121.4
123.3
124.4
126.1
126.8
128.1
128.5
130.2
130.9
132.0
132.3
132.1

91.0
91.4
91.8
92.8
93.5
94.2
95.5
95.3
95.6
96.8
97.1
97.4

62.4
62.5
63.0
63.5
64.0
64.5
65.5
66.2
66.4
66.9
67.3

74.4
74.9
75.2
76.1
76.8
77.6
79.1
79.8
80.4
81.2
81.9
82.5

19.0
19.2
19.4
19.5
19.7
19.9
20.0
20.1
20.1
20.4
20.7
20.9

14.9
15.6
15.3
14.1
13.6
13.4
13.4
13.3
13.1
12.3
12.2
12.1

45.8
46.1
46.7
46.5
46.3
46.7
46.5
46.9
47.0
47.1
47.4
47.5

17.7
17.8
17.9
18.0
18.1
18.1
18.2
18.3
18.4
18.5
18.6
18.6

20.2
20.1
19.9
19.8
19.6
19.5
19.3
19.3
19.4
19.3
19.4
17.5

39.4
39.8
40.3
43.8
41.3
41.8
42.1
42.4
42.8
43.2
43.7
44.2

42.4
42.9
43.1
43.0
42.7
42.6
43.0
44.5
47.0
47.2
48.4
49.3

17.0
17.1
17.1
17.3
17.3
17.4
18.2
18.3
18.3
18.4
18.5
18.5

1965.

401.5
404.4
406.5
409.7
411.6
413.2

69.6
70.2
71.5
72.3
73.1
73.9

626.6

427.5

168.0

134.1

100.9

72.2

86.4

21.7

12.1

48.9

19.4

20.1

45.0

52.6

January
February...
March
April
May
June
July
August
September..
October
NovemberDecember..

610.1
611.2
615.3
616.7
619.0
623.5
628.3
632.4
634.7
642.4
649.6

416.4
416.5
418.4
420.2
421.2
424.8
427.9
431.1
432.8
433.9
439.1
447.6

166.5
165.1
165.5
165.5
165.4
166.4
167.7
169.7
169.0
169.1
172.2
173.9

133.0
131.9
132.3
132.4
132.1
132.8
133.2
135.6
134.8
134.8
137.3
138.9

98.5
98.8
99.1
99.5
100.0
100.7
101.0
101.3
102.3
102.4
103.2
103.9

68.4
69.3
70.0
70.8
70.9
72.1
72.7
73.1
73.8
74.3
74.8
75.8

83.0
83.4
83.8
84.4
84.9
85.5
86.4
87.0
87.6
88.2
88.9
93.9

21.0
21.0
21.1
21.1
21.2
21.3
21.5
21.8
22.2
22.3
22.5
22.7

11.8
11.4
11.6
12.0
12.0
12.0
12.3
12.3
12.5
12.3
12.4
12.4

48.0
48.0
48.3
48.3
48.6
49.1
49.3
49.5
49.7
49.2
49.3
49.5

18.8
19.1
19.2
19.3
19.5
19.6
19.6
19.6
19.5
19.5
19.4
19.3

19.4
19.7
20.0
20.2
20.4
20.3
20.6
20.7
20.6
20.6
20.5
18.3

44.2
44.2
44.1
44.3
44.5
44.7
44.8
45.0
45.4
45.9
46.5
47.0

50.1
51.0
52.3
51.7
52.0
52.3
53.1
53.2
53.1
53.8
54.1
54.5

19.6
19.6
19.8
20.4
20.4
20.6
20.8
20.9
21.0
21.1
21.3
21.7

1967.

1968..

685.2

469.5

183.0

145.8

109.9

80.2

96.4

25.1

12.0

51.4

18.6

21.9

49.6

59.9

22.8

January
February...
March
April
May
June
July
August
SeptemberOctober
NovemberDecember..

652.3
660.2
667.8
671.1
678.3
684.0
690.0
699.4
703.8
708.8
712.8

446.8
453.2
456.9
458.7
463.8
468.1
472.3
475.8
479.7
482.7
486.7
489.7

174.1
177.3
178.2
178.5
181.8
182.5
183.7
184.6
186.5
188.1
189.6
191.1

139.4
141.7
142.1
141.9
145.0
145.8
146.3
146.9
148.2
149.9
150.8
151.8

104.7
105.9
107.2
107.5
107.6
109.8
110.4
111.5
112.6
113.0
114.3
114.7

76.3
77.4
7S.1
7a 5
79.4
80.1
80.5
81.2
81.8
82.4
83.2
83.9

91.7
92.6
93.5
94.2
95.0
95.7
97.9
98.5
98.8
99.2
99.6
100.0

23.1
23.5
24.0
24.3
24.6
25.2
25.4
25.6
25.8
26.1
26.5
27.0

12.0
11.7
11.4
11.2
11.4
11.7
12.0
12.1
12.3
12.6
12.8
12.9

50.1
50.6
51.1
51.2
51.8
51.8
51.7
51.6
51.7
51.9
51.6
51.6

19.2
19.1
19.0
18.9
18.8
18.7
18.6
18.5
18.3
18.2
18.1
18.0

20.9
21.1
21.4
21.6
21.9
21.7
22.2
22.4
22.5
22.6
22.7
22.2

47.2
47.5
48.0
48.6
49.2
49.6
49.9
50.1
50.5
50.9
51.4
51.9

54.9
55.6
58.3
59.1
59.7
59.9
60.5
61.5
61.7
62.2
62.6
63.0

21.9
22.1
22.3
22.5
22.7
22.8
23.0
23.1
23.2
23.3
23.5
23.5

1969..

745.8

514.6

199.1

157.5

120.7

89.9

104.9

28.2

13.9

52.3

18.1

22.6

55.9

66.5

26.3

January
February...
March
April
May
June
July
August
September.
October
NovemberDecember..

716.1
721.6
728.1
733.4
738.6
743.6
749.6
755.1
759.7
764.0
767.6
772.6

492.6
495.4
500.6
504.5
508.8
512.8
518.4
522.7
526.0
528.6
530.7
533.8

191.8
192.5
195.1
196.7
197.7
199.2
200.9
201.8
203.0
203.5
202.8
204.4

152.1
152.8
154.8
155.7
156.2
157.6
158.9
159.9
160.6
160.8
159.6
160.8

115.1
116.1
117.5
118.1
119.8
120.6
121.0
122.3
123.0
123.9
125.4
125.6

85.4
86.1
86.9
87.9
88.7
89.9
90.1
90.9
91.7
92.7
93.7
94.5

100.3
100.8
101.1
101.8
102.5
103.1
106.4
107.6
108.2
108.5
108.9
109.3

27.0
27.0
27.1
27.4
27.7
28.0
28.3
28.6
28.8
29.1
29.5
29.8

13.5
13.9
13.8
13.6
13.7
13.7
13.8
13.8
13.9
14.3
14.7
14.7

52.1
52.6
52.6
52.8
52.9
52.8
52.3
52.5
52.3
51.9
51.3
51.1

18.0
18.2
18.3
18.3
18.3
18.2
18.2
18.0
17.9
17.9
17.9
18.0

22.2
22.2
22.4
22.3
22.3
22.6
22.6
22.7
22.9
22.9
23.0
23.1

52.3
53.1
54.0
54.5
55.1
55.6
56.0
56.5
57.3
58.1
59.0
59.8

63.7
64.6
64.9
65.6
65.9
66.0
66.7
67.1
67.4
68.1
68.6
69.5

25.3
25.5
25.7
25.8
26.0
26.2
26.5
26.7
26.8
27.0
27.1
27.2




78

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 2.2.—Personal Income: Annually, 1946-74, Seasonally Adjusted Monthly Totals at Annual Rates, 1946-74—Continued
[Billions of dollars]
Proprietors' income
with inventory
valuation and
capital consumption adjustments

Wage and salary disbursements

Year and month

Personal
income

All industries

Commodity
producingl
Total

Manufacturing

Distributive 2

Service 3

Government
and
government
enterprises

Other
labor
income
Farm

Nonfarm

Rentalincome
of
persons
with
capital
consumption
adjustment

Dividends

Less:
Personal Transfer Personal Noninterest
paycontribu- farm
income
ments
tions for
insocial
come4
insurance

801.3

546.5

202.5

158.2

130.1

97.9

116.0

32.0

13.9

51.2

18.6

22.9

64.3

79.9

28.0

780.7

774.2
778.8
784.6
803.9
799.5
799.0
803.8
808.7
815.1
812.5
814.3
820.8

535.0
537.1
540.7
546.1
547.2
545.3
548.2
550.8
553.8
548.7
550.0
554.5

203.5
203.6
205.0
203.7
202.2
203.1
203.8
203.7
202.8
198.1
198.0
201.8

160.4
159.8
160.8
159.6
158.7
159.0
159.6
159.1
158.5
153.4
152.8
156.3

126.4
127.2
128.0
127.6
129.3
129.6
130.8
131.9
132.3
132.6
133.0
132.7

95.0
95.7
96.3
96.5
97.1
97.3
97.7
98.4
99.3
100.0
100.6
101.2

30.2
30.5
30.8
31.0
31.4
31.8
32.2
32.6
32.9
33.2
33.6
34.0

14.7
15.0
15.0
14.7
14.3
13.9
13.5
13.2
13.2
13.0
13.2
13.4

50.7
50.8
51.0
51.1
51.1
51.2
51.3
51.4
51.4
51.4
51.3
51.7

18.0
18.2
18.3
18.4
18.5
18.6
18.7
18.8
18.9
19.0
19.1
19.2

23.1
22.9
22.9
23.0
23.1
22.8
22.9
22.9
22.9
23.0
23.0
22.1

60.1
60.9
6L 6
62.3
63.0
63.9
65.0
66.0
66.7
66.9
67.2
67.7

70.2
71 1
72.0
85.2
78.7
79.3
80.2
81.4
83.7
85.4
85.0
86.4

27 6
27 6
27 7
28 0
28.0
27 9
28.2
28 3
28 5
28 1
28 2
28 3

753
757
763
782
778
778
783
788
795
792
794
800

1971

859.1

579.4

207.8

160.3

139.3

106.8

110.0
110.7
111.5
118.2
118.6
115.3
115.9
116.7
119.4
118.0
118.4
118.9
125.6

36.2

14.3

53.4

20.1

23.0

69.3

94.1

30 8

838 (

January
February
March
. . .
April
May
June
July
August
September.
October .
November
December

831.8
834.0
840.7
845.1
850.1
869.1
860.0
865.6
868.6
872.6
880.3
891.3

563.3
564.4
567.8
572.0
576.5
578.3
580.9
585.6
585.3
587.3
590.6
601.1

204.6
203.6
204.3
206.1
207.6
208.2
208.1
208.3
208.5
209.4
210.2
214.5

158.5
158.3
158.3
159.0
160.4
160.6
160.4
160.3
160.3
161.3
161.7
165.1

134.5
135.4
136.2
137.2
138.5
138.6
139.8
140.8
141.9
142.0
142.2
145.0

102.5
102.7
103.9
104.8
105.9
106.5
107.3
108.2
108.6
109.5
110.2
111.1

121.8
122.7
123.3
124.0
124.5
125.0
125.7
128.3
126.3
126.5
128.0
130.6

34.2
34.3
34.6
35.0
35.5
36.0
36.4
36.8
37.2
37.6
38.1
38.5

14.6
15.4
16.2
14.9
13.9
13.9
12.6
12.6
12.5
14.4
15.3
16.2

51.8
51.7
52.3
52.6
52.9
53.1
53.5
53.8
54.3
54.5
55.3
55.4

19.4
18.7
19.7
19.8
20.0
20.1
20.3
20.5
20.6
20.5
20.6
21.1

23.5
23.3
23.0
23.0
23.0
22.9
23.0
23.1
23.0
23.1
23.2
21.7

68.6
69.0
69.0
69.0
69.2
69.3
69.1
69.0
69.1
69.5
70.3
70.8

86.6
87.5
88.6
89.2
89.7
107.2
95.0
95.3
97.5
96.7
98.1
98.0

30.2
30 2
30 4
30 5
30.7
30 7
30.8
31 1
31.0
31.0
31.1
31.5

810 \
811 [
817 i
823 5
829'
849 '
840 .
846 '
849 i
851..
858 5
868. (

942.5

633.8

226.7

175.4

151.9

117.9

137.3

42.0

18.0

58.1

21.5

24.6

74.6

104.1

34.2

917.,

902.4
914.6
920.1
927.0
931.7
923.0
940.3
949.7
954.0
971.7
984.1
992.0

609.4
616.9
619.6
624.7
626.2
630.3
632.8
638.4
643.3
649.1
653.8
660.6

216.7
219.7
222.2
223.7
224.6
225.4
224.9
227.8
230.1
232.6
235.2
237.3

166.1
169.5
171.5
172.9
173.5
174.4
174.3
176.2
178.0
180.3
182.8
185.0

146.0
149.0
148.5
149.7
149.5
151.3
152.1
152.8
153.8
155.7
156.3
158.5

112.7
113.7
114.7 "
116.4
116.6
117.6
118.9
119.5
120.0
120.9
121.0
122.8

133.9
134.5
134.2
135.0
135.6
136.0
136.9
138.3
139.4
140.0
141.4
142.0

38.8
39.4
39.9
40.7
41.2
41.8
42.3
42.8
43.4
43.9
44.4
44.8

16.6
17.0
17.4
17.7
18.2
18.7
17.9
17.1
16.2
18.1
19.8
21.4

56.1
56.6
57.3
58.4
58.8
56.7
58.3
59.8
58.0
58.5
59.7
59.4

21.9
22.1
22.3
22.4
22.5
9.8
22.8
23.3
23.4
23.4
22.8
22.0

23.8
23.9
23.8
24.1
24.3
24.4
24.7
25.0
25.0
25.2
25.4
25.6

71.4
71.7
72.1
72.7
73.4
74.0
74.5
75.2
76.2
77.0
78.1
79.2

97.9
101.0
101.5
100.2
100.9
101.3
101.8
102.3
102.8
110.9
114.8
113.9

33.4
33.8
33.7
33 8
33.8
33.9
34.8
34.2
34.3
34.5
34.7
34.9

878.'
890 .
895.,
902 \
906.'
897.1
915 \
925.J
930.'
946 ;
956.1
963. (

1970

January
February
March
April
May
June
July
August
September
October
November
December

. .
- --

.

..

1972
January .
February
March
April
May
June.
July
August
September.
October
November
December

3
5
2
7
£
3
7
8
C
8
S
S

1973*

1,054.3

701.0

253.4

196.2

168.1

130.8

148.6

47.5

32.4

59.3

21.3

27.8

88.4

118.6

42.2

1,013.,

January
February
March.
April
May
June..
July
August
September
October
November
December

999.6
1,012.7
1,022.4
1,030.7
1,038.3
1,048.0
1,056.8
1,067.1
1,079.5
1,090.0
1,099.1
1,107.1

669.7
677.3
682.4
688.2
692.0
698.2
702.1
706.6
714.0
720.8
728.2
732.2

241.0
244.4
246.0
248.2
249.6
252.2
254.0
255.3
258.7
261.4
264.4
265.8

186.6
189.8
190.8
192.9
193.6
195.1
196.0
197.3
199.8
202.3
204.5
205.3

160.2
162.0
163.5
165.0
166.0
167.7
168.1
169.6
171.6
173.0
175.5
175.5

124.4
126.0
127.4
128.5
129.2
130.5
131.4
132.3
133.5
134.1
135.1
137.1

144.0
144.9
145.5
146.6
147.1
147.7
148.5
149.5
150.1
152.3
153.2
153.9

45.2
45.6
45.9
46.3
46.7
47.1
47.5
48.1
48.7
49.3
49.8
50.4

23.9
26.5
29.0
30.1
31.2
32.3
33.7
35.2
36.7
36.7
36.8
36.8

59.4
59.5
59.4
58.8
58.9
59.0
60.0
59.5
59.7
59.8
58.9
59.1

21.9
21.8
21.6
20.9
21.1
21.5
21.2
21.3
21.3
21.2
21.1
21.1

26.2
26.4
26.7
27.1
27.2
27.4
27.6
28.2
28.5
28.9
29.3
30.4

80.3
81.6
83.1
84.4
85.9
87.3
89.0
90.7
92.5
94.0
95.4
96.7

113.9
115.3
115.6
116.5
117.1
117.4
118.1
120.0
121.1
122.3
122.8
123.6

40.9
41.2
41.4
41.7
41.8
42.1
42.5
42.6
42.9
42.9
43.1
43.2

967. <
978.1
985.5
992. (
998. <
1,007.'
1.014J
1,023. (
1,034.^
1,044.,
1,053.'
1,061.

1974*

1,154.7

763.6

273.7

211.2

184.3

145.0

160.6

54.5

25.6

59.5

21.0

31.1

106.5

140.4

47.4

1,119.

204.0
204.4
205.7
207.0
209.7
212.2
213.9
215.1
218.2
219.5
214.4
210.8

176.7
177.5
178.6
180.9
183.1
184.1
185.7
186.3
189.2
189.5
190.3
189.8

138.4
139.8
140.9
141.0
143.1
144.7
145.9
147.5
148.8
149.4
149.8
151.3

154.9
155.5
156.3
157.1
158.0
160.6
163.9
161.3
161.6
164.5
166.0
167.2

50.9
51.4
51.9
52.7
53.4
54.1
54.8
55.5
56.2
57.0
57.6
58.1

36.1
33.7
31.2
26.7
22.3
17.9
20.2
22.5
22.9
23.8
24.6
25.5

58.9
59.3
59.6
59.3
59.5
59.6
60.3
60.7
59.7
59.5
58.6
58.8

21.1
21.1
21.1
20.4
21.3
21.3
21.0
21.0
20.9
20.9
20.9
20.9

29.9
29.9
30.2
30.5
30.9
31.4
31.5
31.6
31.9
32.0
32.0
31.0

97.8
99.0
100.3
102.0
104.0
106.0
107.6
109.1
110.6
112.0
114.0
116.0

127.7
129.2
130.4
135.2
136.4
137.4
143.1
144.4
145.8
148.3
150.2
156.3

46.2
46.4
46.6
46.7
47.1
47.5
47.9
48.0
48.1
48.3
48.1
48.1

1,064.
1,072.
1,080.
1,091.
1,105.
1,116.
1,132.
1,138.
1,148.
1,157.
1,157.
1,164.

January
February
March
April
May
June
July
August
September
October
November
December

.

. . .

. .

. . .

1,109.8
1,116.1
1,121.7
1,128.3
1,137.0
1,144.4
1,162.3
1,171.2
1,181.5
1,191.9
1,192.1
1,200.4




733.6
738.9
743.5
748.2
756.2
764.2
771.7
774.4
781.5
786.6
782.3
782.0

263.7
266.1
267.7
269.1
272.0
274.7
276.2
279.3
282.0
283.3
276.2
273.7

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

79

Table 2.3.—Personal Consumption Expenditures by Major Type of Product: Annually, 1946-74, and Seasonally Adjusted Quarterly Totals
at Annual Rates, 1946-74
[Billions of dollars]

1946

1947

1948

1949 1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

143.8

161.7

174.7

178.1

192.0

207.1

217.1

229.7

235.8

253.7

266.0

280.4

289.5

310.8

324.9

15.8

20.4

22.9

25.0

30.8

29.8

29.1

32.5

31.8

38.6

37.9

39.3

36.8

42.4

43.1

4.1
8.4
3.2

6.6
10.6
3.3

8.0
11.5
3.4

10.6
11.3
3.2

13.7
13.7
3.3

12.2
14.0
3.6

11.3
14.0
3.9

13.9
14.6
4.1

13.0
14.6
4.2

17.8
16.2
4.6

15.8
17.1
5.0

17.2
16.9
5.2

14.8
16.6
5.4

18.9
17.8
5.8

19.7
17.7
5.8

82.7

90.9

96.6

94.9

98.2

108.8

113.9

116.5

118.0

122.9

128.9

135.2

139.8

146.4

151.1

47.4
18.2
3.4
2.5
11.3

52.3
18.8
4.0
3.0
12.8

54.2
20.1
4.8
3.4
14.1

52.5
19.3
5.3
3.1
14.7

53.9
19.6
5.5
3.4
15.8

60.4
21.2
6.1
3.5
17.6

63.4
21.9
6.8
3.4
18.3

64.4
22.1
7.4
3.4
19.3

65.4
22.1
7.8
3.5
19.2

67.2
23.1
8.6
3.8
20.3

24.1
9.4
3.9
21.6

73.6
24.3
10.2
4.1
23.0

76.4
24.7
10.6
4.2
24.0

79.1
26.1
11.3
4.0
25.9

81.1
26.7
12.0
3.8
27.5

45.3

50.4

55.3

58.2

63.0

74.0

80.6

86.1

92.1

99.2

105.9

112.8

121.9

130.7

Housing
Household operation.
Electricity and gas.
Other

14.2
6.8
2.1
4.7

16.0
7.5
2.3
5.2

17.9
8.1
2.6
5.5

19.6
8.5
2.9
5.6

21.7
9.5
3.3
6.2

24.3
10.4
3.7
6.7

27.0
11.1
4.1
7.0

29.8
12.0
4.5
7.5

32.2
12.6
5.0
7.6

34.3
14.0
5.5
8.5

36.7
15.2
6.1
9.1

16.2
6.5
9.7

42.0
17.3
7.1
10.2

45.0
18.5
7.6
10.9

48.1
20.1
8.3
11.8

Transportation.
Other

5.0
19.4

5.3
21.7

5.8
23.6

5.9
24.1

6.2
25.6

6.7
27.0

7.1
28.8

7.8
31.0

7.9
33.3

8.2
35.6

8.6
38.7

9.0
41.4

9.3
44.3

10.1
48.3

10.7
51.7

Line
Personal consumption expenditures.
Durable goods..
Motor vehicles and parts
Furniture and household equipment..
Other
Nondurable goods..
Food
Clothing and shoes.
Gasoline and oil
Fuel oil and coal
Other
Services.

1961
Personal consumption expenditures..
Durable goods.
Motor vehicles and parts
Furniture and household equipment..
Other
Nondurable goods.
Food
Clothing and shoes..
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation..
Electricity and gas.
Other..
Transportation.
Other

1962

1964

1965

1966

1967

1968

335.0

355.2

41.6

46.7

374.6

400.4

430.2

464.8

4S0.4

535.9

51.4

56.3

62.8

67.7

17.8
17.9
5.8

21.5
18.9
6.3

24.4
20.3
6.7

29.7
29.5
10.5

161.6

167.1

29.8
24.7
8.3
188.6

30.1
27.7

155.3

26.0
22.8
7.6
176.9

204.7

83.2
27.4
12.0
3.7
29.0

85.5
28.7
12.6
3.7
31.1

87.8
29.5
12.9
4.0
32.8

92.7
31.9
13.5
4.1
34.6

98.9
33.5
14.7
4.4
37.2

106.6
36.6
16.0
4.7
40.9

138.1

147.0

156.1

167.1

178.7

51.2
21.0
8.8
12.2

54.7
22.2
9.4
12.8

58.0
23.4
9.9
13.5

61.4
24.8
10.4
14.4

65.5
26.3
10.9
15.4

11.2
54.8

11.7
58.3

12.2
62.5

12.8
68.1

13.7
73.3

1970

1971

1972

1973*

579.7

618.8

668.2

733.0

808.5

885.9

85.5

84.9

97.1

111.2

122.9

121.9

35.8
32.6
11.6

37.7
35.0
12.7

34.9
36.7
13.3

43.8
39.4
13.9

50.6
44.8
15.9

54.4
50.7
17.9

48.0
54.7
19.3

212.6

230.4

247.0

264.7

277.7

299.3

334.4

375.7

109.6
38.2
17.0
4.8
43.0

118.3
41.8
18.4
5.0
46.8

126.1
45.1
20.4
5.2
50.3

136.3
46.6
22.0
5.4
54.4

140.6
50.5
23.4
5.5
57.6

150.4
55.1
24.9
6.3
62.6

168.0
61.4
28.3
7.7
68.9

189.4
65.2
36.4
9.5
75.2

192.4

208.1

225.6

247.2

269.1

293.4

322.4

351.3

388.3

69.5
28.0
11.5
16.5

74.1
30.6
12.2
18.4

79.9
32.7
13.1
19.6

86.8
35.5
14.2
21.3

94.0
38.3
15.5
22.8

102.7
41.6
17.0
24.6

112.3
45.9
18.9
27.0

123.1
50.3
20.6
29.7

136.0
56.4
24.0
32.4

15.0
79.9

16.2
87.2

17.4
95.5

18.9
106.0

21.1
115.7

23.8
125.4

26.0
138.3

27.8
150.0

30.9
165.0

1946

1947

Personal consumption expenditures..

Motor vehicles and parts
Furniture and household equipmentOther

1974*

1948

II

III

IV

I

II

III

156.0

159.9

163.5

167.6

170.3

174.0

176.9

177.8

19.4

20.0

20.3

22.0

22.0

22A

23.7

23.3

6.0
9.5
3.3

6.4
9.8
3.3

6.5
10.2
3.3

6.2
10.8
3.3

7.2
11.5
3.3

7.7
10.9
3.3

7.4
11.7
3.3

8.2
12.1
3.4

8.6
11.4
3.4

II

Durable goods

I960

III

IV

134.5

139.6

148.4

152.7

12.6

14.7

17.1

18.7

2.4
7.1
3.1

3.4
8.1
3.2

4.7
9.0
3.3

IV

78.9

80.6

85.1

86.3

87.7

90.1

92.1

93.6

95.1

97.0

97.0

97.3

44.9
18.0
3.0
13.1

45.7
17.9
3.3
13.6

48.7
18.9
3.5
14.1

50.2
18.0
3.7
14.4

50.9
18.3
3.7
14.8

52.0
18.5
4.0
15.6

52.9
18.9
4.1
16.1

53.5
19.3
4.3
16.6

53.8
19.5
4.6
17.2

55.0
19.9
4.7
17.3

54.1
20.2
4.9
17.8

53.8
20.7
5.0

43.0

44.4

46.2

47.7

48.8

49.9

51.1

52.0

53.2

54.6

56.2

Housing
Household operation.
Electricity and gas.
Other

13.8

14.0

14.3

14.7

15.1

15.6

16.3

16.9

17.3

17.7

18.1

6.7

6.6

6.8

7.0

7.1

7.4

7.7

7.7

7.9

8.0

8.2

Transportation..
Other

4.5
18.1

4.8
19.0

5.1
20.0

5.3
20.6

5.3
21.3

5.3
21.5

5.3
21.7

5.3
22.0

5.5
22.6

5.6
23.3

5.9
24.0

Nondurable goods..
Food
Clothing and shoes.
Gasoline and oil
Fuel oil and coal
Other
Services.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




17.7
57.2
18.5
8.2
6.0
24.4

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

80

Table 2.3.—Personal Consumption Expenditures by Major Type of Product: Annually,
[Billions of
1949

1950

1951

I
Personal consumption expenditures.

II

176.6

178.2

177.6

180.1

182.9

186.8

200.4

197.8

208.3

203.8

206.2

22.8

24.8

25.8

26.8

27.7

28.1

35.6

31.5

33.8

28.9

28.3

9.0
10.5
3.3

10.9
10.6
3.3

11.2
11.5
3.1

11.2
12.4
3.2

12.1
12.5
3.2

12.7
12.1
3.3

15.6
16.5
3.5

14.5
13.6
3.4

14.4
15.8
3.6

12.2
13.2
3.5

11.2
13.4
3.7

9 6.3

95.3

93.5

94.3

94.8

96.3

100.9

100.9

107.6

107.1

109.0

53.4
20.2
5.1
17.6

52.8
19.6
5.3
17.6

52.0
18.5
5.4
17.6

51.7
19.0
5.4
18.1

52.3
18.9
5.4
18.2

52.9
19.2
5.6
18.6

54.8
20.4
5.6
20.1

55.4
20.1
5.6
19.7

59.5
21.3
5.9
20.9

59.8
20.8
6.0
20.4

60.6
21.3
6.2
20.9

Durable goods
Motor vehicles and parts
Furniture and household equipment..
Other
Nondurable goods...
Food
Clothing and shoes..
Gasoline and oil
Fuel oil and coal
Other

III

IV

III

II

IV

II

III

57.5

58.1

58.3

59.0

60.3

62.3

63.9

65.4

66.9

67.9

69.0

Housing
Household operation..
Electricity and gas..
Other

19.0

19.4

19.8

20.3

20.9

21.4

22.0

22.6

23.3

24.0

24.7

8.4

8.4

8.5

8.9

9.2

9.4

9.6

9.9

10.2

10.3

10.4

Transportation..
Other

5.9
24.3

6.0
24.3

5.9
24.1

5.8
23.9

5.9
24.4

6.1
25.3

6.3
26.1

6.4
26.5

6.6
26.8

6.7
26.9

6.8
27.0

Services..

1958
I

II

1959
III

IV

II

I

1960
III

IV

II

III

284.0

286.8

291.7

295.4

303.5

309.1

314.2

316.2

319.8

325.9

Durable goods

36.8

36.0

36.7

38.0

41.2

43.0

43.9

41.6

43.0

43.9

43.4

Motor vehicles and parts
Furniture and household equipment.
Other
Nondurable goods

14.7
16.7
5.3

14.5
16.2
5.3

14.6
16.7
5.4

15.5
16.9
5.5

18.2
17.4
5.7

19.4
17.8
5.8

20.2
17.9
5.8

17.7
18.0
5.9

19.4
17.8
5.8

20.0
18.0
5.9

20.2
17.4
5.7

137.6

138.9

140.8

141.9

144.3

145.6

147.1

148.7

148.8

151.8

151.4

75.7
23.9
10.4
27.5

76.3
24.4
10.5
27.7

76.5
24.9
10.7
28.7

77.0
25.4
10.7
28.9

78.3
25.5
10.9
4.2
25.4

78.5
26.3
11.2
4.1
25.6

79.5
26.2
11.2
4.0
26.2

80.2
26.5
11.7
3.8
26.5

79.8
26.6
11.6
3.9
26.9

81.5
27.0
12.1
3.8
27.4

81.2
26.6
12.2
3.8
27.7

Personal consumption expenditures

Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other

109.6

111.9

114.2

115.5

118.0

120.5

123.2

125.9

128.0

130.2

131.2

Housing
Household operation
Electricity and gas
Other

41.0

41.6

42.3

42.9

16.9

17.3

17.4

17.4

43.6
17.9
7.5
10.4

44.5
18.3
7.5
10.8

45.4
18.8
7.7
11.1

46.4
19.1
7.9
11.2

47.0
19.6
8.2
11.4

47.6
20.0
8.3
11.7

48.4
20.2
8.3
11.9

Transportation
Other

9.0
42.8

9.2
43.8

9.4
45.1

9.7
45.5

9.7
46.6

10.0
47.7

10.3
48.8

10.5
49.9

10.6
50.7

10.7
51.9

10.8
51.8

Services

1967

1969
IV

I

II

544.5

553.1

563.8

574.1

584.5

82.3

83.1

84.8

85.3

85.5

34.9
31.7
11.5

33.6
11.8

37.2
33.6
12.3

38.0
34.1
12.6

37.4
35.1
12.8

37.7
35.1
12.7

223.0

227.6

233.9

237.0

240.8

244.9

249.0

114.7
40.2
18.0
5.0
45.1

117.2
41.2
18.1
4.9
46.2

120.0
42.8
18.7
5.0
47.5

121.4
43.1
18.9
5.2
48.5

123.3
44.0
19.6
5.1
48.9

125.1
44.8
20.2
5.0
49.8

126.8
45.6
20.6
5.2
50.9

II
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment.
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other

III

IV

III

478.6

487.6

494.2

501.1

517.6

528.5

66.9

70.2

70.3

71.2

76.5

78.1

27.8
28.9
10.2

29.2
10.4

30.4
29.4
10.6

30.0
30.3
10.8

34.2
31.3
11.0

209.6

211.2

213.4

216.2

108.5
37.4
16.6
4.8
42.3

108.7
38.0
16.9
4.9
42.8

109.6
38.6
17.1
4.7
43.3

111.7
38.8
17.5
4.9
43.4

III

202.2

206.2

210.5

213.7

218.2

222.8

228.3

233.0

238.2

243.9

249.9

Housing
Household operation
Electricity and gas
Other
!

72.3
29.5
11.8
17.7

73.3
30.5
12.3
18.2

74.8
30.7
12.2
18.5

76.2
31.5
12.6
18.9

77.6
32.1
12.9
19.2

79.0
32.4
12.8
19.6

80.6
32.9
13.2
19.7

82.5
33.4
13.4
20.0

84.0
34.3
13.8
20.5

85.7
34.8
13.8
21.0

87.7
35.8
14.4
21.4

Transportation
Other

15.9
84.5

16.0
86.3

16.3
88.7

16.6
89.3

17.0
91.5

17.3
94.2

17.6
97.2

17.8
99.3

18.3
101.5

18.7
104.8

19.0
107.4

Services




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

81

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1954

1953

1952

1955

1956

1957
Line

I

III

II

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

211.1

215.1

217.2

225.0

228.3

229.9

230.5

230.0

231.9

234.3

236.4

240.8

246.8

251.9

256.0

260.0

261.4

263.9

266.8

271.9

276.1

28.9

29.0

27.3

31.4

32.9

32.8

32.5

31.9

31.2

31.8

31.3

33.0

36.2

38.6

40.3

39.4

37.6

37.6

37.3

38.9

40.0

39.5

39.1

38.8

11.3
13.8
3.7

11.5
13.7
3.8

9.6
13.8

12.8
14.5
4.1

14.3
14.4
4.2

14.1
14.6
4.1

13.8
14.6
4.1

13.2
14.6
4.0

12.8
14.5
4.0

13.3
14.4
4.1

12.4
14.6
4.3

13.5
15.1
4.4

16.1
15.7
4.4

18.1
15.9
4.6

19.1
16.6
4.6

18.0
16.5
4.8

16.2
16.6
4.8

15.5
17.3
4.9

15.2
17.0
5.1

16.5
17.3
5.2

17.9
17.0
5.1

17.4
17.1
5.0

16.8
17.0
5.4

16.9
16.6
5.3

110.8

113.0

115.0

116.9

117.0

116.9

116.2

116.0

117.1

117.1

118.1

119.5

120.5

122.2

123.3

125.7

127.2

128.1

129.4

130.8

132.5

61.7
21.2
6.5
[ 21.4

63.3
21.5
6.7
21.5

64.4
21.9
6.9
21.8

64.5
23.1

64.9
22.3

64.5
22.5

64.1
21.9

64.0
21.5

64.8
22.0

65.0
21.9

65.6
22.0

66.2
22.4

66.4
22.6

67.3
23.1

68.0
23.6

68.9
23.7

69.5
24.0

70.2
24.4

71.0
24.5

71.9
24.2

72.9
24.2

74.6
24.7

ft A

ft 9

67.0
23.2
& K

22.3

22.6

22.7

22.6

22.8

22.6

22.5

22.6

22.9

23.3

23.5

24.2

25.2

25.4

25,4

25.4

25.6

26.2

26.7

27.6

71.5

73.1

74.9

76.7

78.4

80.2

81.8

82.1

83.6

85.3

87.0

88.3

90.1

91.1

92.4

94.9

96.5

98.1

100.1

102.1

103.6

26.0

26.6

27.2

28.0

28.7

29.4

30.3

30.9

31.5

32.0

32.4

32.9

33.5

34.1

34.6

35.2

35.7

36.3

37.0

37.6

38.2

38.9

39.6

40.4

10.8

11.0

11.3

11.5

11.7

12.1

12.2

12.0

12.2

12.4

12.7

13.1

13.4

13.7

14.2

14.9

15.0

15.2

15.4

15.5

15.7

16.1

16.3

16.7

ft 0

Q 1

ft i

ft i

ft 9

ft A.

ft K

ft *7

ft ft

O ft

34.3

35.1

35.2

35.4

36.6

37.4

38.1

39.1

40.2

40.7

41.4

9.0
42.7

III

IV

27.8

29.2

28.4

29.9

30.3

30.9

31.3

31.3

31.9

33.1

1962

1961

33.9

Q

ft 7

1
<•

2
4
I

e

133.9 137.2 136.9

(\

1964

1963

278.3 282.8 284.4

74.7
24.2
10.2 (
27.9 I

104.9 106.5 108.7

41.0

1965

1966

K
ii
15
i:

lii
17

11

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

328.5

333.1

335.7

342.7

347.5

353.0

357.0

363.4

367.2

371.2

377.8

382.1

390.5

397.8

405.7

407.5

417.7

424.1

432.7

446.1

455.9

39.7

40.7

41.9

44.0

45.0

46.3

46.8

48.8

49.8

51.1

51.9

52.9

55.0

56.3

58.1

56.0

61.4

61.3

63.1

65.3

68.4

65.7

68.2

68.4

2

16.6
17.4
5.7

17.2
17.8
5.7

18.0
18.1
5.8

19.5
18.5
6.0

20.5
18.5
6.0

21.4
18.7
6.2

21.3
19.2
6.3

22.9
19.4
6.5

23.6
19.7
6.5

24.4
20.0
6.7

24.5
20.5
6.8

25.1
20.9
6.8

25.8
21.9
7.2

26.1
22.8
7.5

27.2
23.0
7.8

24.7
23.5
7.8

29.9
23.6
7.9

29.2
24.0
8.0

30.0
24.8
8.3

30.1
26.2
9.0

31.9
26.8
9.7

28.9
27.1
9.7

29.8
28.4
10.0

29.7
28.7
10.1

3
A
5

153.9

154.7

155.2

157.4

159.3

160.6

162.2

164.1

165.2

165.9

168.3

168.8

172.7

175.7

179.1

180.1

182.6

186.0

189.5

196.5

200.5

203.9 206.8 207.4

e

83.0
26.9
12.0
3.7
28.3

83.2
27.1
11.8
3.9
28.7

83.0
27.4
12.1
3.7
29.0

83.7
28.2
12.0
3.6
29.8

84.5
28.2
12.3
3.7
30.5

85.0
28.6
12.5
3.7
30.8

86.0
28.9
12.5
3.6
31.2

86.4
29.1
13.0
3.9
31.7

86.8
29.0
12.9
4.2
32.2

87.3
29.3
12.8
3.9
32.6

88.3
29.9
12.9
4.0
33.2

89.0
29.8
13.0
3.9
33.2

90.6
31.0
13.3
3.9
33.9

92.1
31.9
13.4
4.0
34.3

93.7
32.3
13.6
4.3
35.2

94.4
32.6
13.7
4.3
35.1

95.5
32.7
14.1
4.2
36.0

97.5
32.7
14.6
4.3
36.8

99.3
33.5
14.8
4.6
37.2

103.2
34.9
15.2
4.6
38.6

105.1
35.9
15.4
4.4
39.7

106.4 107.4 107.4
36.3 37.1 37.0
15.8 16.2 16.4
4.8
4.8
4.6
40.8 41.4 41.7

<
K
n

135.0

137.6

138.6

141.4

143.2

146.1

148.0

150.5

152.1

154.1

157.7

160.4

162.9

165.7

168.5

171.4

173.7

176.9

180.1

184.3

187.0

190.6 194.1 198.0

15

50.0
20.6
8.4
12.1

50.7
20.9
9.0
12.0

51.5
20.9
8.8
12.1

52.4
21.5
9.0
12.5

53.2
22.0
9.3
12.7

54.2
21.9
9.3
12.6

55.2
22.3
9.5
12.8

56.3
22.7
9.7
13.0

56.9
23.3
10.0
13.3

57.4
23.1
9.6
13.5

58.3
23.7
10.0
13.7

59.3
23.6
9.9
13.7

60.0
24.0
10.2
13.8

60.9
24.8
10.3
14.5

61.8
25.1
10.5
14.6

62.9
25.4
10.6
14.8

63.8
25.4
10.6
14.8

64.9
26.1
10.9
15.2

66.0
26.6
10.9
15.7

67.2
27.2
11.1
16.1

68.1
27.0
11.2
15.8

68.8
27.8
11.5
16.3

70.0
28.4
11.6
16.8

71.2
29.0
11.7
17.3

K
U
U
If

11.0
53.3

11.1
54.9

11.2
54.9

11.4
56.0

11.6
56.5

11.7
58.3

11.8
58.7

11.9
59.5

12.0
59.9

12.1
61.6

12.2
63.5

12.4
65.1

12.6
66.3

12.7
67.4

12.9
68.8

13.0
70.2

13.2
71.4

13.5
72.4

13.9
73.6

14.2
75.7

14.4
77.5

14.8
79.1

15.0
80.7

15.6
82.3

I

1972

1971

1970
I

IV

I

III

IV

724.7

739.7

109.2

112.2

49.7
43.9
15.6

287.6

142.4
51.9
24.1
5.5
58.9

297.5

101.4
41.1
17.1
23.9
23.7
124.2

II

III

II

III

761.8

785.7

800.5

818.4

117.6

124.8

124.4

123.7

50.6
45.5
16.1

53.8
47.1
16.7

58.2
49.3
17.3

56.4
50.4
17.6

54.4
51.2
18.0

296.4

302.2

311.2

321.4

328.0

144.9
52.6
24.1
5.7
60.3

149.5
54.3
24.5
5.9
62.3

152.2
55.8
24.9
6.3
63.1

155.1
57.9
26.1

161.2
60.1
26.7

164.3
60.9
27.4

64.9

66.4

67.8

302.4

312.3

319.1

325.3

333.0

339.5

348.2

104.0
42.3
17.3
25.0

106.6
42.2
17.2
25.1

109.0
43.9
17.8
26.1

111.1
45.3
18.6
26.7

113.4
46.3
18.9
27.4

115.6
47.9
20.1
27.9

118.9
48.2
19.7
28.5

24.3
126.9

24.3
129.4

25.4
134.0

25.7
137.0

26.2
139.4

26.7
142.7

27.2
145.2

][II

IV

606.4

615.2

625.1

628.4

648.6

662.9

674.1

687.1

705.9

84.8

86.2

86.7

82.1

92.8

95.9

97.7

102.0

106.0

35.4
36.3
13.1

36.6
36.5
13.0

36.6
36.7
13.4

31.1
37.4
13.6

41.6
37.9
13.4

43.1
39.1
13.7

44.1
39.5
14.1

46.3
41.3
14.4

48.0
43.0
15.0

259.0

262.4

266.4

271.2

272.4

276.7

278.9
:

282.7

133.5
46.0
21.3
5.3
52.9

135.6
46.1
21.8
5.2
53.7

1
L37.3

46.4
22.2
5.8
54.6

139.0
47.9
22.7
5.2
56.4

138.6
48.6
23.0
5.5
56.7

140.6
50.5
22.9
5.7
57.0

140.9
51.0
23.6
5.5
57.9

262.6

266.6

572.1

275.1

283.4

290.3

92.5
37.3
15.0
22.3

93.6
37.9
15.2
22.7

95.1
38.8
15.8
23.0

94.8
39.2
15.9
23.3

98.8
40.8
16.6
24.2

20.2
112.6

20.8
114.3

21.5
L16.8

22.0
119.1

22.8
121.0

II

460.3 469.1 473.9

1974*

I

II




1973 *

II

IV

1

r
l*

Line
III

IV

I

II

829.5

849.5

877.8

907.7

908.4

118.9

118.4

123.1

128.9

117.3

48.4
51.9
18.5

46.1
53.4
18.8

48.7
55.0
19.4

>3.5
55.9
L9.6

43.6
54.3
19.4

:

339.6

348.5

359.8

371.9

383.9

387.1

i

171.4
61.9
28.5
69.8

175.2
62.8
30.6
8.4
71.5

181.3
64.3
31.7
8.9
73.7

185.4
65.3
37.1
9.3
74.8

193.2
66.5
38.2
9.9
76.1

197.4
64.8
38.8
9.8
76.1

355.2

362.2

371. 2

382.8

394.9

404.0

121.9
49.8
20.3
29.4

124.7
51.4
21.3
30.1

126.8
51.9
21.0
30.9

131.4
52.7
21.5
31.3

134.2
55.6
23.4
32.3

137.4
57.9
25.0
32.9

140.7
59.2
26.2
33.0

14
11
1C

27.6
149.0

28.0
151.0

28.5
154.9

29.7
157.4

30.4
162.5

31.4
168.2

32.1
172.0

18

]

i

i
i
K

u
15

U

17

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

82

Table 2.4.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars:
[Billions of
1947

1946

Line
Personal consumption expenditures.

306.2

154.8

10

Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
• Other

158.9

13.3
15.0
4.8
155.0

1949

1950

33.1

11.5
14.3
4.8

8.0
12.6
5.1

312.8

30.6

301.4

Durable goods
Motor vehicles and partsFurniture and household e q u i p m e n t . . .
Other
Nondurable goods

1948

1951

1953

1954

1955

1956

1957

338.1

342.3

350.9

364.2

370.9

395.1

406.3

414.7

43.4

39.9

38.9

43.1

43.5

52.2

49.8

49.7

17.0
14.7
4.6

21.6
17.0
4.9

18.7
16.2
5.1

17.4
16.2
5.3

20.7
16.8
5.5

20.8
17.0
5.7

26.9
19.0
6.3

23.4
19.7
6.7

23.7
19.1
6.9

157.4

161.8

165.3

171.2

175.7

177.0

185.4

191.6

194.9

93.4
30.3
8.8
5.2
27.6

96.1
31.8
9.5
5.0
28.7

99.1
32.1
10.1
4.9
29.6

100.4
32.0
10.4
4.9
29.3

104.6
33.6
11.3
5.3
30.6

108.1
34.5
12.0
5.3
31.8

110.1
34.2
12.4
5.2
32.9

320.0

90.3
29.4
6.8
5.5
22.8

29.7
7.2
5.5
23.6

29.8
7.8
4.8
24.9

91.4
30.7
8.1
5.2
26.5

120.8

6.4
5.2
22.6

1952

124.6

126.4

132.8

137.1

140.8

145.5

150.4

157.5

164.9

170.2

Housing
Household operation
Electricity and gas
Other

29.3
14.9
3.1
11.7

31.9
15.8
3.5
12.3

16.4
3.9
12.5

35.7
16.8
4.2
12.6

38.1
18.2
4.8
13.4

40.8
19.0
5.4
13.7

43.4
19.3
5.8
13.4

45.7
19.9
6.3
13.7

47.9
20.4
6.9
13.5

50.3
22.5
7.4
15.1

52.8
24.0
8.1
15.9

55.4
24.7
8.6
16.1

Transportation
Other

16.3
56.1

16.2
56.9

16.1
58.6

15.3
58.6

15.0
61.5

15.3
61.9

15.2
62.9

15.4
64.4

15.0
67.1

15.3
69.4

16.0
72.1

16.2
73.9

Services

116.7

1947

1948

1949

1950

Line
II
Personal consumption expenditures.
Durable goods.
Motor vehicles and parts
Furniture and household equipment...
Other
Nondurable goods..
Food
Clothing and shoesGasoline and oil
Fuel oil and coal
Other

III

IV

II

III

IV

302.7

307.3

307.6

307.2

29.4

29.9

30.3

32.7

309.3

312.5

313.1

316.1

316.5

32.7

32.7

33.5

33.5

33.0

11.3
13.4
4.7

11.4
13.8
4.7

10.9
14.5
4.9

12.5
15.3
4.9

13.3
14.5
4.9

12.5
15.3
4.8

13.1
15.6
4.8

14.2
14.6
4.8

14.7
13.6
4.6

153.0

155.8

89.7
29.5
6.6

91.5
29.1
6.8

156.3

154.1

154.0

155.6

154.1

156.4

91.2
29.6
6.9

88.5
29.2
7.0
29.3

90.0
29.4
7.1
29.1

87.9
29.7
7.3
29.2

30.4
7.4

28.6

88.8
29.6
6.8
28.8

27.3

28.4

II

III

IV

320.5

320.0

323.1

328.3

37.5

38.3

39.6

17.8
13.9
4.6

17.9
15.0
4.6

17.6
16.1
4.6

157.2

157.5

156.3

29.0

90.2
30.4
7.5
29.1

90.2
30.0
7.8
29.5

89.7
28.9
8.0
29.7

II

III

IV

334.3

348.9

340.8

40.0

49.9

44.2

18.9
16.0
4.7

19.9
15.4
4.8

24.6
20.3
5.1

23.0
16.3
5.0

158.4

160.1

161.7

164.4

161.0

89.5
30.1
8.0

91.5
30.6
8.2
31.4

91.7
31.7
8.2
32.8

91.0
30.3
8.1

30.8

91.3
30.1
7.9
30.9

120.3

121.6

121.0

120.4

122.6

124.2

125.5

126.2

126.3

126.8

126.1

126.3

128.6

132.6

134.5

135.6

Housing
Household operation.
Electricity and gas.
Other

30.8
15.2

31.7
15.7

32.4
16.2

32.5
16.2

32.9
16.2

33.4
16.2

33.8
16.6

34.3
16.4

34.7
16.6

35.4
16.7

36.0
16.6

36.5
17.3

37.0
17.7

37.8
18.1

38.4
18.2

39.2
18.8

Transportation..
Other

16.6
57.7

16.4
57.8

16.1
56.3

15.9
55.9

16.2
57.3

16.3
58.4

16.1
59.1

15.9
59.6

15.5
59.5

15.7
59.0

15.2
58.3

14.8
57.8

14.6
59.2

15.1
61.6

15.1
62.8

15.2
62.5

Services..

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

83

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1958

1959

1961

1960

1962

1965

1964

1963

1966

1967

1968

1969

1972

1971

1970

1973*

1974*

Line

419.0

441.5

453.0

462.2

482.9

501.4

528.7

558.1

586.1

603.2

633.4

655.4

668.9

691.9

733.0

766.3

759.8

1

46.4

51.8

52.5

50.3

55.7

60.7

65.7

73.4

79.0

79.7

88.2

91.9

88.9

98.1

111.2

120.9

112.5

2

20.7
18.8
6.9

24.4
20.0
7.4

25.5
19.7
7.3

23.0
20.0
7.3

26.7
21.2
7.8

29.7
22.7
8.3

31.1
25.5
9.1

35.6
27.8
10.0

36.0
31.2
11.8

34.9
32.6
12.2

40.2
34.9
13.1

41.4
36.7
13.8

37.1
37.7
14.1

44.0
39.9
14.2

50.6
44.8
15.9

53.7
49.9
17.3

44.4
50.5
17.6

3
4
5

196.8

205.0

208.2

211.9

218.5

223.0

233.3

244.0

255.5

259.5

270.2

276.4

282.7

287.5

299.3

309.6

303.0

6

110.2
34.6
13.0
5.4
33.5

114.4
36.3
13.7
5.2
35.5

115.6
36.6
14.2
5.0
36.8

117.4
37.3
14.3
4.7
38.3

119.2
38.9
14.9
4.7
40.8

120.7
39.6
15.3
4.9
42.5

125.4
42.6
16.0
5.2
44.1

130.9
44.2
16.8
5.5
46.7

134.6
46.9
17.8
5.6
50.5

136.7
46.9
18.4
5.6
51.8

142.0
48.6
19.6
5.7
54.3

1
L44.0
49.6
21.0
5.7
56.1

147.3
49.2
22.5
5.8
58.0

147.5
51.6
23.7
5.6
59.1

150.4
55.1
24.9
6.3
62.6

150.5
59.3
25.9
6.7
67.3

147.1
59.0
24.6
5.2
67.0

7
8
9
10
11

175.8

184.7

192.3

200.0

208.7

217.6

229.7

240.7

251.6

264.0

275.0

J87.2
J

297.3

306.3

322.4

335.8

344.4

12

58.0
25.4
9.1
16.4

60.9
26.4
9.6
16.8

64.0
27.6
10.1
17.5

67.0
28.4
10.7
17.8

70.7
29.8
11.4
18.4

74.0
30.9
11.9
19.0

77.4
32.4
12.6
19.8

81.6
33.9
13.2
20.7

85.3
35.7
13.9
21.8

89.1
38.1
14.7
23.4

93.6
39.4
15.6
23.9

98.2
41.4
16.6
24.9

102.1
42.9
17.4
25.6

106.4
43.7
17.9
25.7

112.3
45.9
18.9
27.0

117.6
48.2
19.6
28.6

122.8
48.4
19.7
28.8

13
14
15
16

15.8
76.6

16.3
81.0

16.8
83.9

16.9
87.7

17.5
90.7

18.1
94.6

19.0
101.0

19.7
105.6

20.8
109.9

21.9
114.9

22.9
119.0

23.6
L23.9

23.9
128.4

24.5
131.8

26.0
138.3

27.5
142.6

28.5
144.7

17
18

1952

1951

1954

1953

1955

1956

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

346.5

338.5

341.4

342.8

343.5

349.5

351.0

359.6

363.7

365.3

364.4

363.5

364.4

367.1

372.7

379.5

386.2

393.2

397.4

403.6

404.1

45.2

38.9

37.9

37.8

38.4

39.3

36.8

41.4

43.2

42.7

42.7

43.5

41.9

42.5

43.5

46.1

49.2

52.4

53.9

53.3

50.4

49.9

49.2

49.8

2

21.9
18.3
5.0

18.8
15.1
5.0

17.4
15.4
5.0

16.7
15.9
5.2

17.3
16.0
5.1

18.1
15.9
5.2

15.4
16.1
5.3

18.9
16.9
5.5

20.8
16.8
5.7

20.3
16.9
5.5

20.4
16.9
5.4

21.3
16.8
5.4

20.0
16.7
5.2

20.3
16.6
5.5

20.6
16.9
6.0

22.4
17.7
6.1

24.8
18.5
6.0

27.4
18.8
6.2

28.2
19.5
6.3

27.4
19.4
6.5

24.4
19.5
6.5

23.2
20.1
6.6

22.7
19.7
6.8

23.2
19.7
7.0

3
4
5

164.7

162.7

166.0

167.7

166.5

170.3

172.8

174.9

176.1

176.6

175.2

174.9

175.8

175.0

177.2

180.0

181.4

184.4

185.9

189.8

191.6

191.1

m.2

192.5

6

105.0
33.6
11.3
36.1

106.6
34.3
11.6
37.2

108.2
34.2
11.8
37.3

107.8 107.7
34.3 34.7
12.0 11.8
37.0 37.0

163.8 165.7 167.9

12

II

III

IV

404.8 406.0 410.2

1

92.8
30.8
8.5
| 32.6

92.8
29.6
8.7
31.7

94.3
30.2
9.0
32.5

93.7
30.5
9.1
34.4

93.5
30.4
9.2
33.4

96.0
31.4
9.4
33.5

97.1
32.3
9.7
33.7

97.7
33.0
9.8
34.4

99.7
31.9
9.9
34.6

99.6
32.7
10.0
34.3

98.7
32.0
10.2
34.2

98.5
31.6
10.1
34.7

99.4
31.9
10.2
34.3

98.9
31.9
10.2
34.1

100.9
31.8
10.4
34.2

102.3
32.5
10.7
34.5

102.7
32.9
10.9
34.9

104.1
33.8
11.2
35.3

136.6

137.0

137.5

137.4

138.6

139.9

141.4

143.3

144.3

146.0

146.5

145.2

146.7

149.6

152.0

153.3

155.6

156.4

157.6

160.5

162.1

39.8
19.1

40.5
19.0

41.2
19.1

41.7
18.9

42.5
19.0

43.1
19.2

43.8
19.4

44.4
19.5

45.0
19.7

45.5
20.1

46.1
20.2

46.3
19.7

47.0
19.7

47.6
20.2

48.2
20.6

48.7
21.1

49.3
21.5

50.0
22.0

50.7
22.8

51.2
23.8

51.9
23.7

52.5
24.0

53.0
24.1

53.7
24.0

13
14
15
16

15.4
62.2

15.4
62.0

15.4
61.8

15.1
61.7

15.3
61.9

15.2
62.4

15.2
63.0

15.1
64.3

15.5
64.1

15.6
64.7

15.5
64.7

15.1
64.0

15.1
64.9

14.9
66.9

14.9
68.2

15.0
68.5

15.2
69.6

15.2
69.2

15.3
68.9

15.5
70.0

15.7
70.8

15.9
71.4

16.2
72.5

16.5
73.7

17
18




108.5
34.6
12.2
37.2 (
I

7
8
9
10
11

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

84

Table 2.4.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars:
[Billions of
1957
Line

1
2
3
4
5
6
7
8
9
10
11
12

II

I

1958
III

IV

I

II

1959
III

IV

I

II

III

IV

412.6

413.2

416.1

416.9

411.9

415.7

421.8

426.5

435.1

440.8

444.4

445.6

51.0

49.8

49.0

49.0

46.1

45.6

46.2

47.8

50.6

52.5

53.3

50.8

24.7
19.4
6.9

23.9
19.3
6.6

22.9
19.1
7.0

23.4
18.6
7.0

20.5
18.7
6.9

20.5
18.3
6.8

20.2
18.9
7.0

21.4
19.3
7.1

23.7
19.6
7.4

25.0
20.0
7.5

25.8
20.1
7.4

23.1
20.2
7.5

193.1

193.9

196.7

195.7

193.4

194.9

198.3

200.6

203.2

204.6

205.5

206.8

108.9
34.2
12.5

37.5

109.8
34.0
12.3
37.8

111.0
34.8
12.5
38.5

110.8
33.9
12.5
38.6

109.4
33.5
12.6
37.9

109.5
34.2
13.0
38.3

110.5
35.0
13.2
39.6

111.6
35.6
13.4
(
40.0 \

113.3
35.7
13.6
5.3
35.3

114.0
36.6
13.6
5.2
35.2

114.6
36.3
13 7
5.2
35.6

115.5
36.6
13 9
5.0
35.8

168.5

169.6

170.3

172.2

172.4

175.2

177.4

178.1

181.3

183.7

185.6

188.0

54.3
24.3

55.1
24.7

55.8
24.8

56.4
25.0

57.2
25.2

57.7
25.6

58.2
25.5

58.7
25.5

59.5
25.9
9.5
16.4

60.4
26.4
9.4
16.9

61 4
26.5
9.7
16.9

62 4
26.8
9.8
17.0

16.6
73.4

Personal consumption expenditures.

16.3
73.5

16.3
73.5

15.7
75.1

15.5
74.5

15.7
76.2

15.8
77.8

16.0
78.0

16.0
79.8

16.2
80.7

16.4
81.3

16.6
82.3

Durable goods
Motor vehicles and parts
Furniture and household equipment—
Other
Nondurable goods
Food
Clothing and shoes.
Gasoline and oil.
Fuel oil and coal.
Other

.

.

}

Services

13
14
15
16

Housing
Household operation

17
18

Transportation...
Other

Other

1966

1967

1968

Line
I
1
2
3
4
5
6
7
8
9
10
11

II

III

IV

I

II

III

IV

I

II

III

IV

581.7

582.8

589.0

590.8

595.1

602.9

605.8

608.8

620.8

628.0

640.8

.

80.4

76.9

79.4

79.1

77.5

80.9

80.1

80.2

85.2

86.6

90.5

90.7

Motor vehicles and parts
Furniture and household equipment-..
Other
- -

38.3
30.4
11.7

34.7
30.6
11.7

35.6
31.8
11.9

35.3
31.9
11.9

33.4
32.1
12.0

36.3
32.4
12.2

35.3
32.5
12.3

34.4
33.3
12.5

38.7
33.9
12.6

39.3
34.1
13.1

41.4
35.9
13.2

41.4
35.7
13.6

253.5

255.4

257.2

255.9

258.3

259.4

259.5

260.8

266.0

268.4

273.2

273.2

134.5
46.7
17.5
5.3
49.5

134.7
46.8
17.8
5.5
50.6

135.1
47.3
18.0
5.7
51.0

134.2
46.8
18.1
5.8
51.1

136.3
46.7
18.1
5.7
51.5

136.5
47.0
18.3
5.7
52.0

136.3
47.2
18.4
5.4
52.1

137.7
46.9
18.8
5.6
51.7

139.9
48.0
19.2
5.8
53.1

141.5
48.2
19.4
5.5
53.8

143.6
49.3
19.9
5.6
54.9

143.0
48.9
20.1
5.8
55.4

Personal consumption expenditures.
Durable goods

Nondurable goods
Food
Clothing and shoes
Gasoline and oil..
Fuel oil and coal
Other

644.0

.

247.8

250.5

252.5

255.7

259.3

262.6

266.2

267.8

269.7

273.0

277.1

280.1

13
14
15
16

Housing
. . .
Household operation
Electricity and gas.
Other

84.0
34.8
13.5
21.3

84.7
35.4
13.9
21.5

85.7
36.0
14.0
22.0

86.6
36.5
14.2
22.3

87.5
37.0
14.2
22.8

88.4
38.1
14.8
23.3

89.6
38.1
14.6
23.5

90.9
39.0
15.1
23.9

92.0
39.1
15.4
23.7

93.0
39.2
15.2
24.0

94.1
39.6
15.7
23.9

95.5
39.9
16.0
23.9

17
18

Transportation
Other

20.3
108.7

20.7
109.6

20.8
110.1

21.3
111.2

21.6
113.2

21.7
114.4

22.0
116.4

22.3
115.6

22.6
116.0

22.8
118.1

23.1
120.3

23.2
121.6

12

Services




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

85

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1960

1962

1961

1963

1964

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

449.2

455.1

453.6

454.1

454.8

460.8

462.2

471.1

475.3

480.7

484.6

490.8

493.9

498.3

504.8

508.4

517.4

526.4

535.0

536.0

546.7

55.2

60.4

II

III

IV
1

551.4 559.8 574.5

52.2

53.4

52.9

51.5

48.6

49.3

50.4

52.8

53.9

55.7

58.1

59.2

61.1

62.0

64.1

65.6

67.6

65.4

71.4

71.4

73.9

76.9

2

24.9
19.9
7.4

25.9
20.1
7.4

26.2
19.5
7.2

24.9
19.4
7.3

22.1
19.4
7.2

22.4
19.8
7.2

22.9
20.2
7.3

24.8
20.6
7.4

25.7
20.7
7.5

26.6
20.9
7.7

26.3
21.5
7.8

28.3
21.7
8.0

29.0
22.1
8.1

29.7
22.5
8.3

29.8
23.0
8.3

30.3
23.4
8.3

31.0
24.5
8.6

31.2
25.5
9.0

32.4
25.8
9.4

29.7
26.4
9.3

35.4
26.5
9.4

34.8
27.1
9.6

35.9
28.0
10.0

36.2
29.7
10.9

3
4
5

207.2

209.5

208.1

208.1

209.6

211.6

211.7

214.8

216.5

217.3

219.3

220.8

221.5

222.3

224.1

224.2

228.2

232.2

236.1

236.7

239.3

240.9 244.1 251.8

6

115.3
36.8
13.8
5.2
36.1

116.4
37.0
14.4
5.0
36.7

115.5
36.4
14.3
4.9
37.0

115.3
36.3
14.2
5.0
37.3

116.6
36.6
14.1
4.7
37.5

117.5
37.0
14.3
4.9
38.0

117.2
37.3
14.3
4.6
38.3

118.2
38.3
14.4
4.6
39.3

118.5
38.5
14.7
4.7
40.1

118.6
38.9
14.7
4.7
40.5

119.8
39.0
14.9
4.6
41.0

119.9
39.4
15.2
4.8
41.6

119.8
39.2
15.2
5.2
42.1

120.6
39.4
15.3
4.8
42.3

121.0
40.1
15.3
4.9
42.9

121.6
39.8
15.4
4.9
42.5

123.0
41.4
15.8
4.8
43.3

125.2
42.4
15.9
5.0
43.6

126.5
43.0
16.2
5.5
44.9

126.9
43.4
16.2
5.5
44.6

128.6
43.5
16.4
5.2
45.6

129.2 130.7 134.9
43.2 44.2 45.7
16.7 16.8 17.3
5.3
5.6
5.7
46.5 46.7 48.2

7
8
9
10
11

189.8

192.2

192.6

194.4

196.6

199.8

200.1

203.6

205.0

208.2

209.6

212.0

213.2

215.5

219.6

222.2

225.1

228.5

231.3

233.9

236.1

239.1 241.9 245.9

63.0
27.2
10.0
17.2

63.6
27.5
10.1
17.4

64.4
27.7
10.1
17.6

65.2
28.0
10.3
17.7

65.8
28.1
10.2
17.9

66.5
28.3
10.8
17.5

67.4
28.3
10.7
17.6

68.4
29.1
10.9
18.1

69.1
29.6
11.2
18.4

70.1
29.4
11.3
18.1

71.3
29.8
11.4
18.4

72.4
30.3
11.7
18.6

72.9
30.9
12.1
18.9

73.4
30.4
11.6
18.8

74.3
31.2
12.1
19.1

75.3
31.0
11.9
19.1

76.0
31.5
12.4
19.1

76.8
32.4
12.4
20.0

77.8
32.6
12.7
19.9

78.9
32.9
12.9
20.1

79.8
32.8
12.8
20.0

16.7
82.9

16.8
84.3

16.8
83.8

16.8
84.4

16.8
85.8

16.8
88.2

16.9
87.6

17.1
89.0

17.2
89.0

17.4
91.2

17.6
90.9

17.7
91.6

17.9
91.6

18.0
93.7

18.2
95.8

18.4
97.5

18.7
98.9

18.9
100.3

19.1
101.8

19.2
103.0

19.2
104.2

1972

1971

1970

1969

81.0
33.7
13.2
20.5

82.2
34.3
13.3
21.0

12

83.4
34.8
13.4
21.5

13
14
15
16

19.5 19.8 20.1
104.9 105.7 107.6

17
18

1973*

1974*
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

649.9

653.0

656.8

661.9

665.4

668.7

673.6

668.0

682.3

689.5

693.6

702.3

713.7

728.1

737.5

752.8

765.8

766.2

770.5

762.8

760.0

763.2 767.2 748.9

1

92.2

92.0

91.6

91.7

89.7

90.7

90.7

84.5

93.6

96.5

98.7

103.7

106.4

109.2

111.8

117.6

124.0

122.7

121.2

115.7

114.7

115.5 116.8 102.9

2

42.1
36.2
13.8

41.1
37.0
13.8

41.3
36.6
13.7

40.9
37.0
13.8

38.3
37.4
14.0

39.4
37.5
13.9

38.9
37.7
14.2

32.0
38.2
14.3

41.3
38.5
13.8

42.8
39.6
14.1

44.5
39.9
14.3

47.5
41.6
14.5

48.1
43.2
15.1

49.5
43.9
15.7

50.3
45.5
16.1

54.3
46.8
16.5

58.1
48.8
17.1

55.9
49.7
17.1

53.6
50.3
17.4

47.3
50.7
17.6

45.7
51.3
17.7

275.1

275.8

276.8

277.9

280.3

281.2

283.5

285.8

286.0

287.5

287.4

289.0

291.1

298.5

301.4

306.4

310.6

308.2

311.4

308.3

144.3
49.2
20.5
5.8
55.4

144.2
49.5
20.7
5.6
55.9

143.7
49.8
21.2
5.7
56.4

143.9
49.7
21.7
5.8
56.8

146.0
49.2
22.1
5.8
57.3

146.8
49.0
22.2
5.6
57.6

147.9
48.8
22.7
6.2
57.9

148.5
49.7
22.9
5.4
59.2

148.1
50.2
23.3
5.6
58.9

147.8
51.7
23.7
5.7
58.7

147.0
52.0
23.8
5.4
59.1

147.2
52.6
24.0
5.5
59.8

147.1
53.0
24.4
5.8
60.8

150.9
54.4
25.0
6.0
62.3

151.6
55.9
24.7
6.2
63.0

152.1
57.3
25.4
7.1
64.5

153.4
59.0
25.8
6.8
65.6

150.3
58.9
25.6
6.9
66.5

150.9
59.5
26.1
6.9
68.1

147.5
59.7
26.0
6.3
68.8

282.6

285.2

288.4

292.3

295.4

296.7

299.3

297.7

302.7

305.5

307.5

309.6

316.3

320.4

324.2

328.8

331.2

335.3

337.9

96.5
40.6
16.4
24.2

97.5
40.8
16.2
24.6

98.7
41.7
16.8
24.9

100.1
42.6
17.0
25.6

102.1
42.7
17.1
25.6

102.3
42.9
17.2
25.7

102.8
43.3
17.7
25.6

101.2
42.9
17.4
25.5

104.1
43.8
17.8
26.0

105.5
43.5
18.1
25.3

107.2
43.8
18.0
25.8

108.9
43.4
17.7
25.8

110.5
44.6
18.1
26.4

111.6
45.5
18.7
26.8

112.9
46.2
18.8
27.3

114.1
47.3
19.8
27.5

115.8
47.1
19.2
27.9

117.3
48.2
19.6
28.5

118.4
49.1
20.2
28.9

23.5
122.1

23.6
123.3

23.7
124.4

23.7
125.9

23.7
126.9

23.8
127.7

24.0
129.3

23.9
129.7

24.3
130.5

24.5
132.0

24.6
131.9

24.4
132.8

25.4
135.9

25.7
137.5

26.2
138.9

26.7
140.8

27.1
141.2

27.3
142.6

27.6
142.7


http://fraser.stlouisfed.org/- 7
216-143 O - 77
Federal Reserve Bank of St. Louis

II

46.1
51.6
17.9

III

48.3
50.9
17.6

IV

37.7
48.2
17.0

3
4
5

304.5

303.8 304.7 298.9

6

146.7
60.1
23.0
5.3
69.5

146.4 149.1 146.4
59.8 59.2 57.1
24.2 25.0 26.5
5.2
5.2
5.1
68.2 66.3 63.8

7
8
9
10
11

338.9

340.8

343.9 345.7 347.2

12

118.7
48.5
19.4
29.1

121.3
47.7
18.9
28.8

122.2 123.3 124.3
48.5 48.9 48.8
19.6 20.0 20.2
28.9 28.8 28.6

13
14
15
16

27.9
143.8

28.6
143.4

28.6 28.6 28.3
144.6 145.0 145.8

17
18

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

86

Table 2.5.—Personal Consumption Expenditures by Major Type
[Billions of
1946

Line

1947

1948

1949

I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
17
18

Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services..

I

II

III

IV

I

II

III

IV

I

II

III

IV

34.5

36.3

41.3

36.5

39.7

39.8

45.7

40.4

42.9

43.2

48.3

41.2

44.3

43.8

48.8

3.6

4.1

5.4

4.2

5.1

4.9

6.3

4.8

5.7

5.7

6.6

5.0

6.1

6.5

7.5

.5
1.6
.6

Nondurable goods

IV

2.7

M otor vehicles and parts
Furniture and household equipment-_.
Other

III

31.7

Personal consumption expenditures.
Durable goods

II

.8
2.0
.7

1.3
2.1
.7

1.5
2.7
1.2

1.5
2.1
.6

1.7
2.6
.8

1.7
2.5
.7

1.8
3.3
1.2

1.8
2.4
.6

1.9
3.0
.8

2.2
2.9
.7

2.0
3.3
1.3

2.0
2.3
.6

2.8
2.6
.7

3.0
2.8
.7

2.7
3.6
1.2

18.2

24.1

20.2

22.0

22.2

26.5

22.2

23.5

23.4

27.5

21.9

23.6

22.7

26.7

12.4
4.1
.9
3.2

13.0
5.7
.9
4.5

12.1
3.9
.8
3.4

12.9
4.6
1.0
3.5

13.4
4.0
1.1
3.6

13.9
6.2
1.1
5.2

12.9
4.3
1.0
4.0

13.5
4.8
1.2
3.9

13.7
4.3
1.3
4.0

14.1
6.6
1.2
5.6

12.6
4.1
1.1
4.1

13.1
5.1
14
4.0

13.2
4.0
1.5
4.0

13.6
6.2
14
5.6

11.1

11.6

11.8

12.1

12.6

12.8

12.9

13.3

13.7

14.1

14.2

14.4

14.6

14.7

14.6

3.5

3.5

3.6

3.7

3.8

3.9

4.1

4.2

4.3

4.4

4.5

4.6

4.7

4.9

5.0

5.1

1.8

1.6

1.6

1.7

1.9

1.8

1.8

1.9

2.1

2.0

1.9

2.0

2.3

2.1

2.0

2.2

1.1
4.5

.

Housing
Household operation
Electricity and gas
Other

20.6

11.3
4.6
.9
3.1

10.9

..

19.9

10.7
3.8
.7
3.0

1.2
4.8

1.4
5.0

1.3
5.1

1.2
5.2

1.4
5.5

1.4
5.5

1.3
5.5

1.3
5.6

1.*
5.9

1.6
6.1

1.5
6.1

1.4
6.0

1.5
6.1

1.5
6.2

1.4
5.9

1

Transportation
Other

1956

Line

1957

1959

1958

I
1
2
3
4
5
6
7
8
9
10
11
12

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

62.4

65.3

65.3

73.0

65.2

69.2

69.8

76.3

67.5

71.2

71.3

79.4

72.6

77.5

77.0

83.6

8.6

9.5

8.9

10.9

9.0

10.0

9.6

10.9

8.2

9.1

8.6

10.9

9.2

11.3

10.3

11.6

4.0
3.7
.9

4.3
4.1
1.1

3.8
4.1
1.0

3.8
5.1
2.0

4.3
3.8
.9

4.8
4.1
1.1

4.3
4.2
1.1

4.0
4.8
2.0

3.5
3.7
1.0

4.1
3.9
1.2

3.5
4.1
1.1

3.8
5.0
2.1

4.4
3.6
1.2

5.6
4.3
1.4

4.5
4.4
1.4

4.4
5.4
1.8

29.5

31.2

31.3

36.9

30.2

32.8

33.5

38.6

31.6

33.9

34.3

40.0

33.4

36.1

36.3

40.8

16.4
5.0
2.0

} 6.0

17.3
5.8
2.4
5.7

17.9
5.3
2.5
5.6

18.3
8.1
2.4
P.I

17.0
4.7
2.3
6.2

18.1
6.1
2.6
6.0

19.2
5.4
2.8
6.1

19.2
8.1
2.5
8.8

17.9
4.8
2.3
6.5

19.1
5.9
2.7
6.2

19.6
5.5
2.9
6.3

18.3
19.8
5.3
8.4
2.5
2.6
( 1.4
9.1 X 5 . 8

19.8
6.3
2.8
.8
6.4

20.2
6.0
3.0
.7
6.4

20.8
8.5
2.9
1.1
7.4

24.3

24.6

25.1

25.2

26.0

26.4

26.7

26.8

27.8

28.1

28.4

28.6

30.1

30.2

30.5

31.2

9.0

9.1

9.3

9.4

9.6

9.7

9.9

10.1

10.3

10.4

10.6

10.7

11.1

4.2

3.7

3.5

3.8

4.4

4.0

3.7

4.1

4.8

4.3

3.9

4.3

1 ?:$

11.2
4.5
1.7
2.7

11.3
4.2
1.5
2.7

11.4
4.8
2.0
2.8

2.0
9.1

2.2
9.6

2.2
10.1

2.2
9.8

2.1
9.9

2.3
10.4

2.4
10.7

2.2
10.4

2.1
10.6

2.4
11.0

2.4
11.5

2.4
11.2

2.4
11.5

2.5
12.0

2.6
12.4

2.6
12.4

III

IV

Personal consumption expenditures .
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other..
Services

13
14
15
16

Housing
Household operation
Electricity and gas
Other

17
18

Transportation
Other

h

1967

1966

Line

j

5.0

1969

1968
III

IV

III

IV

I

II

I
1
2
3
4
5
6
7
g
9
10
11
12

Personal consumption expenditures.
Durable goods..
Motor vehicles and parts
Furniture and household equipment...
Other.
..
.. .
Nondurable goods
Food
Clothing and shoes...
Gasoline and oil
Fuel oil and coal
Other .
Services

II

III

107.8

114.9

116.0

126.0

114.0

121.8

122.6

131.9

123.6

132.2

134.4

145.7

134.1

143.8

144.9

156.9

15.3

16.9

16.1

19.4

14.9

18.0

16.9

19.9

17.2

20.1

19.6

23.1

18.9

22.0

20.7

24.0

7.6
5.6
2.0

8.1
6.5
2.3

6.8
6.9
2.4

7.6
8.7
3.1

6.6
6.1
2.2

8.5
7.0
2.5

7.2
7.2
2.5

7.4
9.2
3.3

8.2
6.7
2.3

9.7
7.6
2.8

8.6
8.2
2.8

9.3
10.1
3.7

9.0
7.2
2.7

10.4
8.5
3.1

9.1
8.6
3.0

9.3
10.7
3.9

45.5

50.6

51.4

57.2

48.0

52.3

53.2

59.1

51.3

56.7

57.8

64.6

55.0

60.9

61.7

69.4

24.3
7.2
3.6
1.5
8.9

26.7
8.8
4.0
.9
10.2

27.6
8.7
4.2
.8
10.1

28.0
11.9
4.1
1.4
11.8

25.2
7.7
3.9
1.6
9.5

27.4
9.1
4.3
1.0
10.6

28.2
9.1
4.5
.8
10.6

28.7
12.3
4.4
1.4
12.3

27.0
8.1
4.3
1.7
10.1

29.6
10.0
4.6
1.0
11.5

30.5
10.1
4.9
.8
11.5

31.2
13.6
4.7
1.5
13.6

28.9
8.9
4.6
1.7
10.9

31.6
10.8
5.1
1.0
12.4

32.3
10.8
5.4
.9
12.4

33.2
14.6
5.3
1.6
14.7

47.1

47.4

48.5

49.4

51.2

51.5

52.5

53.0

55.0

55.4

57.1

58.0

60.2

60.9

62.5

63.6

IV

I

II

I

II

13
14
15
16

Housing
Household operation
Electricity and gas
Other

16.8
7.6
3.6
3.9

17.1
6.7
2.7
4.1

17.6
6.5
2.3
4.2

17.9
7.2
2.9
4.4

18.2
8.2
3.8
4.4

18.4
7.4
2.8
4.6

18.7
7.1
2.5
4.6

18.9
7.9
3.1
4.8

19.4
9.0
4.2
4.8

19.7
7.8
2.9
4.9

20.2
7.6
2.7
4.9

20.7
8.3
3.3
5.1

21.1
9.6
4.5
5.1

21.5
8.4
3.1
5.3

21.9
8.3
3.0
5.3

22.2
9.2
3.6
5.6

17
18

Transportation
Other

3.6
19.1

3.7
19.9

3.8
20.5

3.9
20.4

3.9
20.8

4.0
21.7

4.1
22.6

4.1
22.1

4.2
22.5

4.3
23.6

4.5
24.8

4.4
24.6

4.5
25.0

4.7
26.3

4.8
27.4

4.8
27.3

•Revised estimates for 1973 and 1974 will be shown in the September 1976 SURVEY OF
CURRENT BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977
SURVEY OF CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

87

of Product: Quarterly Totals Not Seasonally Adjusted, 1946-74
dollars]
1952

1951

1950

II

III

IV

49.9

53.2

53.1

60.9

8.0

6.2

7.3

6.8

3.0
3.3
.7

2.5
4.1
1.4

2.5
3.0
.7

3.3
3.2
.8

26.1

26.2

31.5

25.7

14.9
5.0
1.6
4.6

15.3
4.6
1.6
4.7

15.9
7.0
1.6
7.0

14.8
4.3
1.5
5.1

16.9

17.1

17.2

17.4

5.8

6.0

III

IV

53.8

57.2

56.4

62.3

8.8

7.4

8.4

7.9

8.8

2.5
3.4
.8

2.9
4.3
1.6

3.4
3.2
.8

4.0
3.5
.9

3.5
3.5
.8

27.6

27.6

33.0

26.8

28.7

15.7
5.3
1.8
4.8

16.2
4.8
1.8
4.8

16.7
7.5
1.7
7.1

15.3
4.7
1.6
5.2

16.0
5.5
1.9
5.2

17.9

18.2

18.7

19.1

19.6

ft Q

R K

a a

a o

2.6

3.0

2.7

2.6

2.9

1.7
6.8

1.6
6.8

1.8
7.1

1.9

1.8

III

IV

I

II

III

IV

43.0

46.2

49.3

53.5

49.4

50.4

50.4

56.9

6.1

7.1

8.9

8.6

7.6

7.2

7.0

2.7
2.8
Q

3.4
3.0
7

4.2
4.0
7

3.4
3.9
13

3.3
3.5
.7

3.3
3.1
.8

21.7

23.5

24.5

28.5

25.0

12.4
3.9
1.1

[ 4.3

13.1
4.8
1.4
4.2

14.1
4.4
1.5
4.5

14.4
6.5
1.4
6.2

14.3
4.6
1.3
4.8

15.1

15.6

15.9

16.3

5.2

5.4

5.5

5.6

1.4
6.0

1.6
6.3

2.5
1.6
6.6

1.6
6.6

2.8

2.6

2.4

1.6
6.6

1.7
6.8

1.8
6.9

I

II

III

IV

54.7

58.5

57.8

64.9

7.0

8.2

7.5

9.1

2.9
4.3
1.5

3.0
3.2
.7

3.8
3.4
.9

3.1
3.5
.9

28.1

32.9

26.5

28.9

16.4
4.7
2.0
5.0

16.6
7.2
1.9
7.2

15.3
4.3
1.7
5.2

16.1
5.6
2.0
5.2

20.1

20.4

20.6

21.1

3.2

3.0

2.8

3.0

1.8

2.0

2.0
8.0

2.0
7.8

III

IV

58.1

62.8

62.7

70.0

1

8.4

9.9

9.6

10.8

2

3.1
4.4
1.6

4.1
3.5
.8

5.0
3.8
1.0

4.6
4.0
9

4.1
4.9
18

3
4

28.6

33.9

27.3

30.0

30.0

35.8

16.8
4.7
2.1
5.0

17.2
7.4
2.0
7.2

15.5
4.5
1.8
5.4

16.6
5.8
2.2
5.3

17.3
5.0
2.3
5.3

17.7
7.8
2.2
(
8.0 i

U

21.4

21.6

21.9

22.5

23.0

23.2

23.4

12

8.3

8.6

8.7

8.8

3.4

3.0

2.9

3.3

3.7

3.4

3.2

3.7

1
1 16

1.9
8.0

2.0
8.3

2.0
8.6

2.0
8.4

1.9
8.5

2.1
8.9

2.1
9.2

2.0
8.9

17
18

III

IV

I

1963

6

1

7
8
9
10

13
U
15

1965
Line

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

76.2

82.0

80.0

86.8

78.3

83.3

82.8

90.7

82.9

88.7

87.5

96.1

87.3

93.2

93.0

9.7

11.5

10.1

11.8

8.8

10.6

9.8

12.4

10.0

12.1

10.9

13.7

10.9

13.4

12.2

15.0

12.4

4.7
3.7
12

5.7
4.4
14

4.5
4.3
14

4.7
5.3
1.8

4.0
3.6
1.2

4.9
4.3
1.4

4.0
4.4
1.4

4.9
5.6
1.8

4.9
3.9
1.3

6.1
4.5
1.5

4.8
4.6
1.5

5.8
5.9
? 0

5.5
4.1
1.4

6.9
4.8
1.6

5.5
5.0
1.6

6.5
6.4
2.1

34.1

37.8

37.4

41.8

35.3

38.3

38.6

43.1

36.6

40.1

39.8

45.0

37.8

41.4

41.6

18.8
5.2
2.7
13

20.4
6.8
3.0
7

20.7
6.1
3.2
6

21.3
8.6
3.0
1 i

19.3
5.5
2.8
13

21.0
6.5
3.0
.8

21.3
6.4
3.2
.6

21.7
9.0
3.0
1.1

19.9
5.6
2.9
1.3

21.4
7.1
3.1

22.4
9.4
3.3
1.1

20.4
5.8
3.0
1.4

22.0
7.2
3.2
.7

22.5
6.9
3.4
.7

6.9

6.8

7.8

6.4

7.1

7.1

8.3

6.9

7.7

21.8
6.6
3.3
.6
7.6

8.9

7.3

8.1

8.1

32.4

32.6

32.5

33.2

34.2

34.5

34.3

35.2

36.4

36.5

36.7

37.4

38.5

38.5

39.2

11.7
5.5
2.7
2.8

11.9
4.9
1.9
3.0

12.1
4.5
1.6
2.9

12.4
5.1
2.1
3.0

12.5
5.8
2.8
3.0

12.7
5.1
2.1
3.0

12.9
4.7
1.7
3.0

13.1
5.4
2.2
3.1

13.3
6.2
3.1
3.2

13.5
5.3
2.2
3.2

13.8
5.0
1.8
3.2

14.0
5.6
2.4
3.3

14.2
6.6
3.3
3.3

14.3
5.6
2.2
3.4

2.6
12.5

2.7
13.1

2.7
13.1

2.7
13.0

2.7
13.1

2.8
13.9

2.8
13.9

2.8
13.9

2.9
14.0

2.9
14.7

3.0
14.9

3.0
14.8

3.0
14.8

3.0
15.5

II

I

II

II

III

IV

99.2

99.7

108.0

98.8

14.6

13.7

15.7

13.6
:

15.9

14.8

18.5

2

6.2
4.6
1.5

7.4
5.4
1.8

6.2
5.6
1.9

6.1
7.2
2.4

7.1
4.9
16

8.2
5.7
1.9

6.8
6.1
2.0

7.8
8.0
28

3
4
5

46.3

40.0

43.3

44.1

49.5

11.2

46.3

46.9

54.1

6

23.0
9.6
3.3
1.2

23.0
7.6
3.4
.8

23.8
7.5
3.6
.7

24.5
10.5
3.4
1.3

22.2
6.4
3.3
14

24.5
8.1
3.7

9.3

21.4
6.4
3.1
1.3
7.7

9.8

8.0

9.3

9.1

26.9
11.2
3.8
14
10.9

7
8
9
10

8.5

25.4
7.8
3.9
g

39.9

41.1

41.3

41.9

42.8

14.0

44.2

44.8

45.7

12

14.6
5.3
2.0
3.4

14.8
5.9
2.4
3.5

15.0
6.8
3.4
3.4

15.2
6.0
2.4
3.6

15.5
5.7
2.1
3.6

15.7
6.3
2.6
3.8

16.0
7.2
3.5
3.7

16.3
6.3
2.5
3.8

16.6
6.1
2.2
3.9

16.6
6.8
2.7
4.1

13
14
15
16

3.1
16.1

3.1
16.2

3.1
16.3

3.2
16.9

3.3
17.4

3.2
17.5

3.3
17.6

3.4
18.2

3.5
18.7

3.5
18.8

17
18

IV

101.1 . 93.5

I

II

III

IV

!

I

IV

166.2

]166.7

181.0

168.8

181.3

183.5

199.5

187.0

20.7

24.7

23.7

28.0

23.8

28.2

27.3

31.9

7.7
11.2
4.1

9.8
8.1
2.8

11.9
9.5
3.3

10.7
9.6
3.4

11.3
12.3
4.4

11.3
9.3
3.2

13.7
10.6
3.8

12.5
11.0
3.8

13.1
13.8
5.0

65.9

74.2

62.0

69.0

68.9

77.7

66.5

73.5

74.8

35.0
10.9
5.8
1.0
13.2

35.8
15.2
5.7
1.5
16.0

32.3
9.7
5.5
1.9
12.6

35.5
12.3
5.8
1.2
14.3

35.9
12.0
6.1
.9
14.0

36.9
16.5
6.0
1.6
16.8

34.2
10.8
5.8
2.0
13.6

37.7
13.0
6.2
1.2
15.5

38.9
13.2
6.4
1.0
15.2

68.2

69.0

71.6

72.5

74.1

75.2

78.4

79.6

24.9
11.3
5.2
6.0

25.5
9.8
3.9
6.0

25.9
9.8
3.7
6.2

26.4
10.6
4.2
6.4

27.1
12.1
5.6
6.5

5.6
29.8

5.9
31.3

6.1
32.2

6.2
32.1

6.3
32.9

IV

153.6

154.7

166.3

154.3

19.0

22.3

20.6

23.1

8.4
7.8
2.8

10.3
8.8
3.2

8.5
8.9
3.2

59.5

65.2

31.3
9.4
5.1
1.8
11.9

34.3
11.0
5.5
1.1
13.3

65.8

66.1

8.5

I

II

106.4 106.6 118.3

1973*

][II

III

I

1972

1971

1970
I

I

1964

I

6.1

Line

II

8.2

I

1962

1961

1960

1955

7 A

II

2.2

1954

II

I

2.3

1953

II

1974*

III

IV

200.9

202.2

218.3

201.6

28.1

31.8

30.1

32.9

26.0

13.8
10.7
3.7

15.2
12.3
4.3

13.5
12.3
4.3

11.9
15.4
5.6

10.5
11.5
4.0

84.6

73.5

82.1

83.4

95.3

39.6
18.2
6.4
2.0
18.3

37.8
12.1
6.4
2.5
14.8

41.7
14.9
7.0
1.5
17.0

43.5
14.5
7.3
1.3
16.7

45.1
19.9
7.6
2.4
20.3

81.4

83.0

85.4

86.9

88.7

90.2

93.1

27.7
10.9
4.2
6.7

28.8
10.9
4.1
6.8

29.1
11.9
4.9
7.0

29.7
13.3
6.1
7.1

30.4
12.0
4.7
7.4

31.2
12.1
4.7
7.5

31.7
12.9
5.1
7.8

32.6
14.5
6.6
7.8

6.4
34.6

6.6
35.0

6.6
35.4

6.7
35.7

6.9
37.6

7.1
38.3

7.1
38.5

7.3
38.8

7.6
41.0

I

II

1

11

Line

III

IV

220.8

225.3

238.2

31.8

31.7

32.5

2

13.4
13.5
4.8

13.4
] 3.6
4.7

10.6
16.0
5.8

3
4
5

82.4

93.4

94.9

104.9

6

42.5
12.9
7.5
3.1
16.5

47.1
16.1
9.5
1.9
18.8

49.2
15.7
10.0
1.6
18.3

50.5
20.5
9.5
2.8
21.6

7
8
9
10
11

95.6

98.8

100.8

12

33.5
13.4
5.4
8.0

34.4
13.7
5.6
8.2

35.5
14.7
6.4
8.3

13
14
15
16

7.9
42.6

8.0
42.6

17
18

I
144.2

22.7
10.4
4.8
5.6

23.1
9.1
3.5
5.7

23.9
9.0
3.3
5.7

24.4
9.7
3.9
5.9

5.0
27.7

5.2
28.7

5.4
29.9

5.5
29.4




1

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

88

Table 2.6.—Personal Consumption Expenditures
[Millions of
1946
Personal consumption
tures.
Food and tobacco

Food purchased for off-premise consumption (n.d.).
Purchased meals and beverages * (n.d.)Food furnished employees (including
military) (n.d.).
Food produced and consumed on
farms (n.d.).
Tobacco products (n.d.)

1948

1949

143,808

161,742

174,749

178,135

50,721

expendi-

1947

56,089

58,186

56,593

1953

1954

1955

1956

1957

191,966

207,066

217,093

229,665

235,841

253,665

266,007

58,120

64,893

68,357

69,460

70,341

72,236

75,210

79,242

39,796

44,091

46,487

47,478

48,883

50,485

52,700

55,775

11,092
1,076

12,467
1,632

13,093
1,769

13,350
1,650

13,363
1,478

13,848
1,292

14,528
1,198

15,171
1,218

280,409

10,895
1,349

10,861
1,023

11,029
1,021

10,848
1,000

2,461

2,560

2,539

2,059

1,905

2,168

2,098

1,887

1,678

1,563

1,481

1,391

3,353

3,744

4,009

4,109

4,251

4,535

4,910

5,095

4,939

5,048

5,303

5,687

39,008

43,725

46,277

44,789

45,979

52,123

54,702

55,455

56,532

58,073

60,437

63,890

7,900

7,695

7,890

8,235

8,745

8,910

8,870

9,115

9,470

9,665

22,007

22,760

24,201

23,333

23,709

25,485

26,416

26,668

26,786

27,982

29,230

29,517

2,781
241
15,063

2,955
227
15,575

3,124
200
15,992

3,347
195
16,028

3,346
206
17,451

3,288
204
18,390

3,306
205
18,587

3,324
206
18,676

3,623
209
19,415

3,781
212
20,294

3,819
217
20,440

9,711
5,352

9,945
5,630
229

3,097
216
16,812
10,899
5,913
191

10,191
5,801
212

10,000
6,028
272

10,843
6,608
414

11,608
6,782
256

11,912
6,675
161

11,965
6,711
79

12,444
6,971
52

12,967
7,327
61

13,152
7,288
59

1,913

2,149

2,279

2,290

2,321

2,411

2,488

2,571

2,578

2,627

2,734

2,802

1,427
218

1,395
230

1,374
232

1,298
217

1,412
245

1,523
267

1,743
313

1,812
336

1,817
363

2,225

2,287

2,306

2,617

2,782

1,560
278
2,976

1,631
292

2,058

1,318
228
2,438

3,162

3,461

3,892

4,284

1,081
977

1,217
1,008

1,257
1,030

1,257
1,049

1,354
1,084

1,482
1,135

1,576
1,206

1,683
1,293

1,729
1,433

1,915
1,546

2,156
1,736

2,372
1,912

14,197

16,006

17,909

19,649

21,711

24,311

26,967

29,841

32,222

34,339

36,669

39,282

7,356

8,456

9,731

10,968

12,391

14,089

15,901

17,899

19,724

21,407

23,233

25,036

5,159

5,609

6,120

6,716

7,266

7,960

8,621

9,411

9,974

10,312

10,732

11,374

1,303
379

1,447
494

1,505
553

1,408
557

1,464
590

1,607
655

1,736
709

1,765
766

1,711
813

1,734
970

1,787
1,085

19,936

23,688

26,065

25,639

29,086

31,028

31,305

32,733

33,336

1,741
879
36,890

39,307

40,716

3,191

3,409

3,601

3,671

4,210

4,434

4,323
4,289

Alcoholic beverages (n.d.)

Clothing, accessories, and jewelry.
Shoes and other footwear (n.d.)
Shoe cleaning and repair (s.)
Clothing 2 and accessories except footwear.
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military
personnel (n.d.).
Cleaning, laundering, dyeing, pressing,
alteration, storage, and repair of garments (s.).
Jewelry and watches (d.)
Other 3(S.)
Personal care
Toilet articles and preparations (n.d.)...
Barbershops, beauty parlors, and
baths (s.).
Housing
Owner-occupied nonfarm dwellings—
space rent 4 (s.)Tenant-occupied nonfarm dwellings
(including lodging houses)—rent 5 (s.).
Rental value of farm dwellings (s.)
Other • (s.)
Household operation
Furniture, including mattresses and
bedsprings (d.).
Kitchen 7
and other household appliances (d.).
China, glassware, tableware, and
utensils (d.).
Other durable house furnishings 8 (d.)_
Semidurable house furnishings «(n.d.).
Cleaning and polishing preparations,
and miscellaneous household supplies and paper products (n.d.).
Stationery and writing supplies (n.d.) _

2,232

2,534

2,766

2,683

3,070

1,632

2,867

3,134

2,833

3,579

3,526

3,482

3,645

3,698

4,074

4,316

1,256

1,341

1,442

1,391

1,498

1,593

1,557

1,614

1,628

1,732

1,790

1,726

2,185
2,039
924

2,444
2,135
1,523

2,742
2,354
1,639

2,679
2,332
1,623

3,121
2,647
1,768

3,468
2,824
1,972

3,155
2,615
1,901

3,108
2,550
2,111

2,904
2,390
2,268

3,313
2,537
2,480

3,574
2,612
2,651

3,730
2,612
2,922

11

437

494

513

563

615

673

698

756

806

5,780
1,473
865
492
2,950

6,520
1,879
1,038
548
3,055

7,293
2,138
1,185
596
3,374

7,876
2,395
1,345
640
3,496

8,272
2,652
1,469
712
3,439

8,707
2,932
1,589
770
3,416

9,328
3,213
1,800
824
3,491

10,180
3,496
2,027
906
3,751

10,913
3,802
2,259
965
3,887

11,588
4.097
2,403
1,030
4,058

1,376
2,348
903

1,731
2,356
997

1,942
2,572
1,083

2,170
2,661
1,184

2,421
2,614
1,264

2,683
2,690
1,351

2,789
2,570
1,392

3,061
3,051
1,496

3,341
3,266
1,604

3,648
3,322
1,688

6,205

Telephone and telegraph (s.) _
Domestic service (s.)
Other io (s.)
Medical care expenses

423
5,023
1,328
754
457
2,484
1,288
2,120
814

Household utilities.
Electricity (s.)
Gas (s.)
Water and other sanitary services (s.)_
Fuel oil and coal (n.d.)

7,221

8,449

9,104

9,843

10,638

11,624

12,501

13,206

14,334

15,698

2,137

2,163

2,362

2,661

2,981

595

592

655

674

3,457
1,528

3,773
1,645

4,104
1,766

625
3,197

680
3,501

744
3,856

Drug preparations and sundries
(n.d.).
Ophthalmic products and orthopedic
appliances (d.).
Physicians (s.)
Dentists (s.)

1,271

Other professional services 12 (s.)
Privately controlled hospitals and
sanitariums 13 (s.).
Health insurance
Medical care and hospitalization »*
(s.).
Income loss « (s.)
Workmen's compensation 18 (s.)

338
1,200
422

Personal business
Brokerage charges and investment
counseling (s.).
Bank service charges, trust services, and
safe deposit box rental (s.).
Services furnished without payment
by financial intermediaries except
life insurance carriers (s.).
Expense of handling life insurance 17 (s.).
Legal services (s.)
Funeral and burial expenses (s.)
Other is (s.)




1952

8,620

Addenda:
Food excluding alcoholic beverages
(d)

See footnotes at end of table.

1951

38,577

37,901

1950

1,313
400

523
3,446 |
1,569 |
2,363 i
8,185
1,466
431

1,555
454

1,719
486

1,979
546

2,058
580

604

2,118
785

2,440
910

2,463
920

2,568
962

2,687
1,003

2,849
1,110

3,053
1,247

393
1,449

450
1,653

453
1,786

472
2,030

491
2,236

518
2,473

556
2,713

3,351
1,428
609
2,939

763

835
256

818
249

867
300

901
307

1,050
389

1,314
486

1,416
577

1,445
614

1,419
609

1,573
670

272
307

772

282
287

302
265

304
290

315
346

420
408

445
394

442
389

404
406

473

4,701

5,238

5,723

5,948

6,556

7,083

7,375

7,989

8,701

9,524

10,399

11,249

325

235

291

262

454

436

375

366

606

732

690

682

233

260

300

330

366

403

436

480

544

601

667

748

1,107

1,286

1,411

1,476

1,619

1,744

1,957

2,270

2,472

2,723

3,062

3,261

1,178
609
736
513

1,417
668
822
550

1,538
765
848
570

1,598
836
879
567

1,755
874
896
592

1,911
942
971
676

1,963
975
1,006
663

2,105
1,023
1,046
699

2,212
1,103
1,040
724

2,428
1,192
1,100
748

2,795
1,223
1,152
810

1,378
1,257
884

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

89

by Type of Expenditure: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

289,461

310,768

324,903

334,995

355,217

374,578

400,381

430,154

464,793

490,358

535,932

579,711

618,7%

668,171

733,034

808,549

885,862

1

82,363

85,658

87,979

90,373

92,681

95,328

100,272

106,966

115,108

118,530

127,704

135,813

147,140

151,933

162,620

181,104

203,131

2

58,406

60,368

61,559

62,798

63,838

65,159

68,958

73,910

80,028

82,039

88,320

94,230

102,035

105,237

112,111

124,929

141,457

3

15,321
1,244

16,323
1,206

17,214
1,209

18,111
1,281

19,345
1,339

20,446
1,350

21,580
1,374

22,705
1,485

23,994
1,769

24,914
1,944

27,345
1,973

29,074
2,052

31,520
2,065

32,678
1,988

35,490
2,010

39,903
2,142

44,340
2,312

4
5

1,410

1,215

1,134

1,049

944

879

801

780

794

710

693

706

725

708

805

1,065

1,242

6

5,982

6,546

6,863

7,134

7,215

7,494

7,559

8,086

8,523

8,923

9,373

9,751

10,795

11,322

12,204

13,065

13,780

7

66,631

68,721

70,476

72,364

73,913

75,764

80,154

85,775

92,605

94,955

102,647

109,553

118,617

122,024

130,626

146,756

166,446

8

9,750

10,391

10,640

10,875

11,553

12,070

12,559

13,105

13,980

14,652

15,684

16,509

17,728

18,587

19,790

21,283

22,905

9

29,868

31,545

32,219

32,904

34,416

35,402

38,277

40,304

44,091

46,149

50,276

54,009

55,619

59,618

64,809

71,955

76,365

10

4,075
219
20,520

4,322
243
21,758

4,479
260
22,184

4,537
281
22,794

4,738
284
23,902

4,791
255
24,654

5,154
243
26,723

5,316
260
28,083

5,866
261
30,558

6,177
267
31,843

6,892
282
34,710

7,669
276
37,263

7,733
254
38,706

8,162
255
42,225

8,915
240
46,155

10,005
241
51,337

10,169
243
54,970

11
12
13

13,356
7,164
58

14,161
7,597
51

14,443
7,741
48

14,859
7,935
55

15,673
8,229
69

16,232
8,422
64

17,537
9,186
64

18,363
9,720
76

19,884
10,674
164

20,481
11,362
192

22,410
12,300
203

24,010
13,253
174

25,067
13,639
161

27,528
14,697
118

29,893
16,262
70

33,306
18,031
79

35,775
19,195
79

14
15
16

2,774

2,839

2,895

2,888

2,946

3,018

3,178

3,325

3,467

3,578

3,670

3,732

3,653

3,504

3,558

3,508

3,538

17

1,850
372

1,920
412

1,904
449

1,876
473

2,017
460

2,382
533

2,639
605

3,114
661

3,354
738

3,678
841

3,982
913

4,146
966

4,326
1,028

4,694
1,177

5,415
1,370

5,830
1,536

18
19

4,604

4,859

5,242

5,783

6,351

2,132
488
6,656

7,106

7,617

8,455

9,082

9,545

10,265

10,920

11,096

11,749

12,616

13,418

20

2,590
2,014

2,654
2,205

2,938
2,304

3,254
2,529

3,595
2,756

3,829
2,827

4,128
2,978

4,504
3,113

4,992
3,463

5,375
3,707

5,943
3,602

6,481
3,784

6,947
3,973

7,325
3,771

7,869
3,880

8,557
4,059

9,238
4,180

21
22

41,953

44,989

48,117

51,160

54,726

57,971

61,394

65,469

69,522

74,144

79,927

86,816

93,986

102,690

112,277

135,955

23

26,953

29,047

31,273

33,285

35,714

37,787

39,991

42,668

45,338

48,329

52,189

56,627

61,291

67,541

74,003

81,290

90,113

24

12,047

12,735

13,464

14,315

15,263

16,173

17,173

18,300

19,389

20,554

22,159

24,044

26,192

28,646

31,016

33,686

36,357

25

1,861
1,092

2,031
1,176

2,098
1,282

2,202
1,358

2,258
1,491

2,360
1,651

2,481
2,020

2,599
2,196

2,747
2,514

2,838
2,741

3,046
3,099

3,019
3,484

3,226
3,277

3,474
3,784

3,913
4,208

4,880
4,605

26
27

41,822

44,466

46,126

47,622

50,376

53,398

2,443
1,787
57,677

61,322

66,468

70,683

76,736

82,842

87,793

94,437

105,155

117,815

130,518

28

4,315

4,612

4,586

4,597

4,925

5,309

5,937

6,294

6,804

7,032

7,596

8,110

8,213

8,787

9,920

11,210

11,970

2
£

4,110

4,376

4,246

4,237

4,274

4,457

4,810

4,831

5,264

5,449

6,050

6,583

6,918

7,388

8,450

9,480

9,965

3C

1,697

1,741

1,739

1,756

1,859

1,900

2,125

2,371

2,738

2,947

3,275

3,543

3,762

4,048

4,498

5,092

5,506

3]

3,713
2,521
3,098

4,025
2,656
3,454

4,081
2,727
3,743

4,188
2,870
4,164

4,513
3,116
4,561

4,958
3,223
4,869

5,661
3,555
5,284

6,117
3,818
5,719

6,714
4,194
6,328

7,074
4,408
6,660

8,045
4,942
7,326

8,642
5,347
7,970

8,954
5,689
8,575

9,685
6,244
9,078

11,007
6,981
9,856

12,621
7,867
10,980

13,946
8,470
12,023

32
35
34

123,097

938

1,050

1,101

1,082

1,168

1,259

1,363

1,452

1,735

1,757

1,793

1,997

1,988

2,087

2,296

2,566

2,803

3
£

12,267
4,381
2,685
1,048
4,153

12,852
4,714
2,928
1,187
4,023

13,496
5,061
3,269
1,344
3,822

13,997
5,327
3,504
1,436
3,730

14,758
5,678
3,764
1,579
3,737

15,639
5,950
3,922
1,772
3,995

16,395
6,294
4,112
1,874
4,115

17,289
6,607
4,272
2,001
4,409

18,258
7,043
4,462
2,102
4,651

19,185
7,527
4,679
2,178
4,801

20,403
8,175
4,892
2,330
5,006

21,962
8,944
5,238
2,613
5,167

23,796
9,869
5,592
2,948
5,387

25,854
10,998
6,049
3,272
5,535

28,763
12,314
6,541
3,638
6,270

32,308
13,852
6,725
4,029
7,702

37,900
16,498
7,525
4,407
9,470

3€
3'
&

3,892
3,503
1,768

4,184
3,553
1,963

4,515
3,797
2,095

4,827
3,734
2,170

5,110
3,807
2,285

5,524
3,831
2,429

5,951
3,916
2,6*0

6,488
3,969
2,974

7,007
4,021
3,405

7,668
4,701
3,802

8,329
4,853
4,124

9,258
4,913
4,517

10,060
5,053
4,785

11,005
5,174
5,087

12,386
5,348
5,650

14,167
5,390
6,134

15,649
5,465
6,821

41
45
4:

17,000

18,600

20,002

21,328

23,383

25,174

28,183

30,053

32,554

35,091

38,766

44,596

49,853

54,671

61,188

67,468

75,771

4^

3,195

3,502

3,855

4,188

4,488

4,682

4,813

4,996

5,238

5,499

6,015

6,507

7,102

7,313

7,780

8,339

9,079

4*

4(

663

778

758

767

935

986

1,063

1,156

1,292

1,210

1,308

1,305

1,258

1,208

1,313

1,464

1,580

4,574
1,876

4,961
1,928

5,184
2,002

5,365
2,085

5,929
2,226

6,366
2,258

7,572
2,626

7,968
2,784

8,483
2,920

9,361
3,249

10,035
3,501

11,449
4,126

12,939
4,669

14,204
4,923

15,489
5,403

17,000
6,268

19,341
6,736

4(
4'
4*

832
4,311

979
4,783

1,105
5,307

1,226
5,706

1,442
6,190

1,641
7,020

1,874
7,803

2,071
8,419

2,288
9,358

1,801
10,733

1,817
12,385

1,753
15,242

1,907
17,903

2,102
20,399

2,336
23,303

2,558
25,825

2,890
29,407

4<
5C

1,549
620

1,669
699

1,791
793

1,991
924

2,173
1,032

2,221
1,069

2,432
1,174

2,659
1,266

2,975
1,354

3,238
1,414

3,705
1,601

4,214
1,816

4,075
1,688

4,522
1,974

5,564
2,594

6,014
2,638

6,738
2,789

51
52

510
419

536
434

531
467

579
488

606
535

580
572

623
635

687
706

792
829

860
964

986
1,118

1,181
1,217

1,125
1,262

1,315
1,233

1,555
1,415

1,701
1,675

1,870
2,079

12,058

* 13,150

14,233

15,175

15,600

16,896

18,049

19,714

21,870

23,999

26,835

29,318

31,336

34,309

37,419

40,595

44,509

52
54
55

884

1,205

1,158

1,658

1,541

1,801

1,964

2,201

2,631

2,986

3,598

3,090

2,356

3,027

3,364

3,068

2,689

56

810

868

927

970

1,017

1,050

1,161

1,287

1,430

1,585

1,719

1,883

2,031

2,192

2,319

2,490

2,668

57

3,364

3,882

4,330

4,298

4,334

4,793

5,025

5,567

6,565

7,321

8,334

9,846

11,190

11,994

13,375

14,772

16,858

58

3,210
1,531
1,328
931

3,129
1,705
1,373
988

3,546
1,755
1,457
1,060

3,687
1,993
1,489
1,080

3,883
2,108
1,578
1,139

4,097
2,308
1,669
1,178

4,492
2,444
1,697
1,266

4,869
2,657
1,761
1,372

4,904
3,000
1,848
1,492

5,406
3,163
1,908
1,630

5,929
3,347
2,091
1,817

6,520
3,713
2,186
2,080

6,838
4,413
2,291
2,217

7,503
4,910
2,384
2,299

7,826
5,435
2,525
2,575

8,647
6,230
2,609
2,779

9,680
6,970
2,681
2,963

59
60
61
62




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

90

Table 2.6.—Personal Consumption Expenditures
[Millions of
1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

12,454

15,895

18,510

21,797

25,415

25,039

25,202

29,087

28,773

34,583

33,846

36,438

User-operated transportation
Newautos(d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other
parts (d.)Repair, greasing, washing, parking,
storage, and rental (s.).
Gasoline and oil (n.d.)

9,525
2,024
427
288
1,391

12,993
4,027
759
395
1,385

15,521
5,000
1,178
474
1,315

18,914
7,705
1,253
397
1,216

22,609
10,304
1,398
471
1,545

22,079
8,613
1,519
530
1,507

22,142
7,965
1,295
423
1,633

25,995
11,099
882
417
1,461

25,809
10,840
456
394
1,317

31,598
13,817
1,896
541
1,581

30,760
11,553
1,983
576
1,733

33,284
12,588
2,129
558
1,972

1,704

1,961

2,194

2,373

2,509

2,820

2,932

3,258

3,304

3,619

3,918

4,225

3,366

4,015

4,789

5,317

5,522

6,122

6,756

7,426

7,823

8,595

9,392

10,177

Bridge, tunnel, ferry, and road tolls

65

70

78

87

97

111

137

151

161

171

196

225

260

381

493

566

763

857

1,001

1,301

1,514

1,378

1,409

1,410

1,908
1,334
511
63

1,927
1,328
532
67

1,989
1,405
508
76

1,951
1,407
465
79

1,934
1,368
487
79

1,965
1,371
511
83

1,990
1,382
519

2,008
1,385
530

1,938
1,333
509
96

1,933
1,292
540
101

1,971
1,285
579
107

1,987
1,255
616
116

1,021
567

975
534

466

872
394

447

1,070
465

1,084
442

1,026
394

1,052
378

1,115
385

1,1 7
373

34

315
91
35

1,000
548
317
101

319
116
31

309
141
28

332
188
28

351
226
28

346
266

305
298
29

295
349
30

304
394
32

317
445
32

8,539

9,249

9,692

10,010

11,147

11,564

12,102

12,720

13,077

14,078

14,979

15,333

589
1,099

531
1,243

584
1,374

627
1,454

674
1,495

776
1,573

788
1,689

830
1,776

806
1,825

867
1,869

951
1,880

983
1,973

907

1,076

1,170

1,394

1,708

1,694

1,624

1,803

793

955

965

1,090

1,174

1,386

1,116

1,398

1,450

1,675

2,421

2,236

2,349

2,588

2,726

2,869

2,938

2,825

115

140

174

202

283

353

393

434

482

516

573

628

416

442

440

451

457

495

526

545

540

546

554

587

2,066

2,003

1,918

1,872

1,781

1,716

1,655

1,605

1,672

1,801

1,899

1,655

1,692
174

1,594
187

1,506
180

1,451
182

1,376
183

1,310
186

1,246
189

1,187
197

1,228
220

1,326
245

1,394
268

1,126
287

200
359

222
397

232
435

239
454

222
462

220
477

220

221
517

224
539

230
569

237
611

242
653

379

404

425

428

448

472

514

528

584

654

738

241
526

255
574

257
594

247
594

239
624

255
652

327
691

372
755

381

414
981

438
1,086

1,063

1,302

1,459

1,574

1,685

1,834

1,957

2,089

368
793
2,212

2,677

2,971

465

613
347

669
408

723
435

757
475

790
546

820
603

864
657

911
706

991

1,087
859

1,213
964

416

453

498

534

595

774

731

794

2,041

2,216

2,212

2,340

2,512

2,860

3,002

3,222

660

3,757

3,941

Transportation.

Insurance premiums
paid (s.)-

less claims

Purchased local transportation
Transit systems (s.)
Taxicab(s.)
Railway (commutation) (s.)
Purchased intercity transportation
Railway (excluding commutation)
(s.).
Bus (s.)
Airline (s.)
Other »(s.)
Recreation.
Books and maps (d.)
Magazines, newspapers, and sheet
music (n.d.).
Nondurable toys and sport supplies
(n.d.).
Wheel goods, durable toys, sports equipment, boats, and pleasure aircraft
(d.).
Radio and television receivers, records,
and musical instruments (d.).
Radio and television repair (s.)
Flowers, seeds, and potted plants
(n.d.).
Admissions to specified spectator
amusements.
Motion picture theaters (s.)
Legitimate theaters and opera, and
entertainments of nonprofit institutions (except athletic) (s.).
Spectator sports 2 0 (s.)
Clubs and fraternal organizations
except insurance 2 1 (s.).
Commercial participant amusements 2 *
(s.).
Parimutuel net receipts (s.)
Other 23 (s.)
Private education a n d research.
Higher education 24 (s.)
Elementary and secondary schools 24
Other «(s.)
Religious a n d welfare activities 2« ( s . ) . .
Foreign travel a n d other, net
Foreign travel by U.S. residents(s.)--Expenditures abroad by U.S. residents (n.d.).
Less: Expenditures in the United
States by foreigners (s.).
Less: Personal remittances in kind
to foreigners (n.d.).

840

287
311
1,981

342

869

1,720

28

316

625

655

857

1,132

1,476

1,509

3.323

1,708

1,738

597
188

727
252

850
381

920
346

924
607

1,044
832

1,174
1,127

1,263
1,079

1,624
1,111

1,738
1,120

418

399

451

481

568

637

703

735

1,619
1,456
1,073

920

997

272

339

264

155

130

106

107

122

107

123

BUSINESS.

1. Consists of purchases (including tips) of meals and beverages from retail, service, and
amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services related to clothing.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting
fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen
doors, but excludes rent for appliances, furnishings, and furniture, fuel, and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and institutions.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment,
stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. Includes sue h house furnishings as floor coverings, comforters, quilts, blankets, pillows,




1,573

2,047

-54
450
128

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CUBRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT

887
2,425

1,951

830
80

picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
9. Consists largely of textile house furnishings including piece goods allocated to house
furnishings use. Also includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and express charges, premiums for fire and theft insurance on personal
property less claims paid, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals,
and other medical services.
12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists,
podiatrists, and others providing health and allied services, not elsewhere classified.
13. Consists of current expenditures (including capital consumption allowances with capital
consumption adjustment) of nonprofit hospitals, sanitariums, and nursing homes, and payments by patients to proprietary hospitals, sanitariums, and nursing homes.
14. Consists of (1) .premiums, less benefits and dividends,,_ r 1
for health and hospitalization in, ,
surance provided by accident, health, and hospitalization insurance plans; (2) premiums
less benefits for hospital and medical service plans; (3) administrative expenses (including
capital" consumption allowances with capital consumption adjustment) of group 1
'
•
"
health associations and health maintenance organizations; and (4) student fees for medical cs
lcare.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

91

by Type of Expenditure: Annually, 1946-74—Continued
dollars]
1963

1964

1965

45,833

49,526

52,259

42,293
15,016
2,957
733
2,823

45,964
17,230
3,306
889
3,010

48,510
18,277
3,531
1,025
3,118

1958

1959

1960

1961

1962

34,682

40,237

42,391

41,010

31,620
9,726
2,488
485
2,120

37,017
13,178
2,710
600
2,381

39,058
14,018
2,568
606
2,485

37,640
12,084
2,669
516
2,567

1966

1967

1968

1969

1970

1971

58,205

61,008

62,920

71,627

76,942

78,032

90,915

101,438

110,503

115,330

54,240
21,354
3,940
1,284
3,223

56,759
21,029
4,067
1,540
3,434

58,259
20,021
4,470
1,637
3,568

66,671
24,638
4,919
2,304
3,944

71,628
25,244
5,410
2,749
4,304

72,503
22,119
5,675
2,549
4,587

85,116
28,467
6,483
3,681
5,119

95,345
32,106
7,300
5,454
5,691

103,959
33,962
8,423
5,573
6,424

107,967
27,644
8,717
4,669
6,942

1972

1973*

1974*

4,387

4,747

5,065

5,360

5,701

6,100

6,492

6,901

7,393

8,004

8,864

9,945

11,248

12,532

13,922

15,380

17,735

10,558

11,257

11,977

11,981

12,567

12,920

13,530

14,696

15,962

17,014

18,422

20,371

21,997

23,396

24,879

28,295

36,447

250

294

310

330

356

379

421

463

495

517

563

603

643

689

745

786

748

1,606

1,850

2,029

2,133

2,140

2,130

2,116

2,379

2,839

3,028

3,017

3,002

3,685

4,749

5,248

5,116

5,065

1,917
1,219
574
124

1,984
1,256
603
125

2,026
1,295
609
122

1,992
1,295
570
127

2,032
1,317
588
127

2,040
1,315
595
130

2,042
1,313
595
134

2,061
1,313
612
136

2,121
1,343
638
140

2,236
1,399
692
145

2,293
1,411
729
153

2,407
1,493
752
162

2,521
1,573
776
172

2,600
1,596
828
176

2,604
1,585
842
177

2,632
1,617
835
180

2,812
1,720
892
200

1,145
338

1,236
316

1,307
306

1,378
291

1,508
284

1,522
264

1,707
280

1,904
284

2,128
297

2,425
270

2,663
227

2,907
206

3,008
185

3,199
155

3,489
176

3,912
204

4,551
259

296
479
32

296
589
35

290
676
35

288
760
39

298
882
44

290
924
44

335
1,044
48

375
1,191
54

429
1,329
73

466
1,582
107

475
1,838
123

470
2,086
145

496
2,166
161

525
2,347
172

523
2,637
153

545
2,988
175

616
3,484
192

15,793

17,074

17,855

18,573

20,042

21,655

23,698

25,907

29,794

31,942

35,159

38,130

40,999

43,664

49,100

54,945

60,544

1,022
2,061

1,088
2,117

1,139
2,164

1,212
2,026

1,287
2,305

1,413
2,468

1,612
2,498

1,648
2,662

1,840
3,130

1,847
3,206

1,941
3,537

2,082
3,552

2,356
3,900

2,461
4,240

2,530
4,685

2,784
5,802

3,049
7,078

2,115

2,364

2,477

2,663

2,889

3,113

3,375

3,585

4,039

4,272

4,650

5,102

5,477

5,839

6,542

7,305

7,993

1,845

2,006

1,976

1,944

2,015

2,180

2,520

2,888

3,620

4,085

4,706

5,359

5,511

5,902

7,315

8,197

8,853

2,812

3,021

3,003

3,160

3,349

3,662

4,259

5,041

6,207

6,952

7,593

8,165

8,885

9,534

10,964

12,288

13,270

904

930

933

946

999

1,057

1,082

1,079

1,137

1,222

1,334

1,408

681

714

774

825

862

544

619

703

713

840

991

1,072

1,272

1,429

1,480

1,707

1,945

2,134

2,264

2,655

2,885

3,276

1,538

1,571

1,652

1,685

1,757

1,820

1,922

2,123

2,310

2,404

2,653

2,903

3,141

3,359

3,487

3,659

4,016

992
297

954
317

956
342

955
327

945
350

942
356

951
383

1,067
388

1,119
432

1,128
474

1,294
488

1,400
516

1,521
556

1,626
570

1,644
632

1,766
670

2,034
717

249
692

300
726

354
728

403
757

462
771

522
808

588
841

668
859

759
930

802
959

871
1,052

987
1,127

1,064
1,197

1,163
1,212

1,211
1,266

1,223
1,331

1,265
1,432

848

1,007

1,200

1,366

1,499

1,595

1,677

1,695

1,786

1,900

2,032

2,137

2,317

2,373

2,650

2,905

3,169

454
1,181

503
1,338

539
1,500

569
1,653

650
1,818

694
2,007

769
2,223

814
2,387

848
2,709

881
2,957

960
3,271

1,065
3,611

1,144
3,858

1,257
4,086

1,359
4,425

1,502
4,953

1,614
5,386

3,227

3,465

3,746

4,000

4,317

4,661

5,073

5,684

6,447

7,109

8,097

8,988

9,874

10,632

11,587

12,572

13,494

1,326
1,049

1,417
1,163

1,518
1,297

1,657
1,459

1,788
1,607

1,920
1,749

2,145
1,871

2,540
2,003

2,873
2,168

3,085
2,322

3,462
2,472

3,844
2,624

4,295
2,789

4,718
2,996

5,083
3,233

5,409
3,621

5,710
3,872

852

885

931

884

922

992

1,057

1,141

1,406

1,702

2,163

2,520

2,790

2,918

3,271

3,542

3,912

4,236

4,706

4,872

5,020

5,150

5,394

5,825

6,055

6,344

6,921

7,520

7,832

8,539

9,136

10,105

10,652

11,678

1,855

2,019

2,121

2,047

2,342

2,517

2,568

2,858

3,132

3,788

3,742

4,162

4,705

5,071

5,584

5,229

5,149

1,900
1,108

2,111
1,068

2,313
1,053

2,340
985

2,583
1,022

2,840
1,013

2,988
1,130

3,346
1,243

3,606
1,461

4,249
1,611

4,214
1,738

4,749
1,888

5,469
2,059

5,886
2,136

6,954
1,977

7,455
1,733

8,127
1,661

1,046

1,051

1,110

1,149

1,146

1,204

1,403

1,560

1,765

1,840

1,981

2,267

2,574

2,741

3,140

3,759

4,413

107

109

135

129

117

132

147

171

170

232

229

208

249

210

207

200

226

15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workmen's
compensation.
17. Consists of total operating expenses of life insurance carriers and noninsured pension
plans. Excludes payments to policy holders and expenses allocated to accident and health
insurance.
18. Consists of current expenditures (including capital consumption allowances with capital
consumption adjustment) of trade unions and professional associations, employment agency
fees, money order fees, spending for classified advertisements, and other personal business
services.
19. Consists of baggage charges, coastal and inland waterway fares, and travel agents' fees.
20. Consists of admissions to professional and amateur athletic events, and to racetracks
including horse, dog, and auto.
21. Consists of dues and fees excluding insurance premiums.
22. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and
swimming places; amusement devices and parks; golf courses; sightseeing buses and guides;
and private flying operations.
23. Consists of net receipts of lotteries and expenditures for purchase of pets and pet care




services, cable TV, film processing, photographic studios, sporting and recreation camps, and
recreational services, not elsewhere classified.
24. Equals current expenditures (including capital consumption allowances with capital
consumption adjustment) less receipts, such as those from meals, rooms, and entertainments,
accounted for separately in consumer expenditures, and less expenditures for research and
development financed under contracts or grants.
25. Consists of fees paid to commercial, business, trade, and correspondence schools, and for
educational services, not elsewhere classified, and current expenditures (including capital
consumption allowances with capital consumption adjustment) by foundations for education
and research.
26. Equals current expenditures (including capital consumption allowances with capital
consumption adjustment) of religious, social welfare, foreign relief, and political organizations,
museums, libraries, and foundations. The expenditures are net of receipts, such as those from
meals, rooms, and entertainments, accounted for separately in consumer expenditures, and
excludes relief payments within the United States and expenditures by foundations for
education and research.
NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services
(s.).

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

92

Table 2.7.—Personal Consumption Expenditures by Type
[Billions of
The figures in parentheses are the line
numbers of the corresponding items in
table 2.6.
Personal consumption expenditures.
Durable goods
Motor vehicles and parts
New autos and net purchases of used
autos (65+66).
Tires, tubes, accessories, and other
parts (68).
O ther motor vehicles (67)

1946

1947

1948

1949

1951

1950

1952

301.4

306.2

312.8

25.8

30.6

33.1

36.3

43.4

39.9

8.0
5.5

11.5
8.9
2.0

13.3
10.7

17.0
14.8

21.6
18.8

18.7
16.2

1.8

1.7

2.1

.7

.5

2.1
.5

320.0

Furniture and household equipment...
Furniture, including mattresses and
bedsprings (29).
Kitchen and other household appliances (30).
China, glassware, tableware, and
utensils, and other durable house
furnishings (31+32).
Radio and television receivers, records, and musical instruments (87)

12.6
3.7

14.3
4.1

15.0
4.2

2.6

2.7

6.5

7.o ;

6.8

Other
Ophthalmic products and orthopedic
appliances (46).
Wheel goods, durable toys, sports
equipment, boats, and pleasure
aircraft (86).
Other (18+83)

5.1
.8
1.2

1.1

!

1.1

1.3

1957

370.9

395.1

406.3

38.9

43.1

43.5

52.2

49.8

17.4
15.0

20.7
18.4

20.8

26.9
24.3

23.4
20.5

1.8

2.0

1.8

2.0

2.1

.7

.5

.5

16.2
4.4

16.2

16.8
5.0

.5
17.0
5.0

3.1

3.2

6.7

6.5

2.1

2.3

2.6

2.6

5.5
1.0

5.7
1.0

6.3
1.0

6.7
1.0

1.4

1.5

1.9

2.1

4.7
3.2
7.3

1.2

1.7

4.6
.8
1.3

1956

364.2

1.1
4.8
.7

350.9

1955

17.0

2.5

6.2

342.3

1954

.6

14.7
4.2

1.6

338.1

1953

4.9
.8

1.1

1.2

4.7

2.9

2.9

7.2

6.8
1.8

1.6

5.3
.9
1.3

5.1
.9
1.2

18.7
1.6

.7

.7

19.0

19.7
6.0

5.8
3.6
7.0

4.0
7.1

3.1

2.7

2.8

2.7

2.8

3.0

3.1

3.1

3.2

3.4

3.6

158.9

154.8

155.0

157.4

161.8

165.3

171.2

175.7

177.0

185.4

191.6

Food
Food purchased for off-premise consumption (3).
Purchased meals and beverages (4)..
Food furnished employees (including
military) and food produced and
consumed on farms (5+6).

93.9
62.2

90.3
62.7

89.0
62.3

89.9
63.1

91.4
64.4 i

93.4
64.7

96.1
66.7

99.1
69.3

100.4
71.1

104.6
74.8

108.1
77.6

25.5
6.2

22.6
5.0

22.0
4.7

22.3
4.5

22.5
4.5

23.8
4.9

24.5
5.0

25.0
4.8

24.6
4.6

25.3
4.5

26.1
4.4

Addenda: Food excluding alcoholic
beverages (8).
Alcoholic beverages (9)

80.3

76.7

76.3

77.3

78.2

80.0

82.9

85.5

87.0

90.8

93.9

13.6

13.6

12.7

12.6

13.2

13.4

13.2

13.7

13.3

13.8

14.2

Clothing and shoes
Shoes and other footwear (11)
Women's and children's clothing and
accessories (14).
Men's and boys' clothing and accessories (15).

30.9
6.9
14.5

29.4
6.3
14.1

29.7
6.1
14.5

29.8
6.3
14.4

30.7
6.6
14.4

30.3
5.9
14.6

31.8
5.9
16.0

32.1
6.0
16.4

32.0
5.8
16.4

33.6
6.3
17.2

34.5
6.2
17.7

9.5

9.0

9.0

9.2

9.7

9.8

10.0

9.7

9.7

10.1

10.5

Gasoline and oil (70)
Fuel oil and coal (40)
Other
Tobacco products (7)
Toilet articles and preparations (21) _
Semidurable house furnishings (33) _ _
Cleaning and polishing preparations,
and miscellaneous household supplies and paper p o c
pes
d p p e products (34).
( )
ti
d
dis
Drug preparations and sundries (45).
Nondurable toys and sports supplies (85).
Other (16+35+84+89+105-107)

6.4
5.2
22.6
8.2
1.8
2.7
1.8

6.8
5.5
22.8
8.5
1.7
2.3
2.2

5.5
23.6
8.8
1.7
2.4
2.3

7.8
4.8
24.9
8.8
1.7
2.8
2.4

8.1
5.2
26.5
8.9
1.9
3.1
2.7

8.8
5.2
27.6
9.2
1.9
3.0
2.7

9.5
5.0
28.7
9.6
2.1
3.1
2.7

10.1
4.9
29.6
9.5
2.2
3.0
3.0

10.4
4.9
29.3
9.1
2.3
2.9
3.0

11.3
5.3
30.6
9.2
2.5
3.1
3.3

12.0
5.3
31.8
9.5
2.8
3.2
3.5

1.8
1.5

1.7
1.6

1.8
1.7

1.9
1.8

2.4
2.5

2.4

2.4
2.4

2.6
2.7

2.9
2.8

Nondurable goods.

Services
Housing
Owner-occupied nonfarm dwellings—space rent (24).
Tenant occupied nonfarm dwellings
(including lodging houses)—space
rent (25).
Rental value of farm dwellings (26) _ _
Other (27)
Household operation
Electricity (37)
Gas (38)
Water and other sanitary services
Telephone and telegraph (41).
Domestic service (42)
Other (43)
Transportation
User-operated transportation (69+
71+72).
Purchased local transportation
Transit systems (74)
Other (75+76)
Purchased intercity transportation..
Railway (excluding commutation)
(78).
Bus (79)
Airline (80)
Other (81)

See footnote at end of table.




2.1 |
2.2

151

7.1

7.1

7.2

150.4

157.5

164.9

47.9
28.3

50.3
30.2

52.8
32.2

14.0 ;

14.3

14.6

14.9

3.8
1.3

3.9
1.4

4.0
1.4

4.0
1.5

4.1
1.6

19.0 !
3.1 i
2.3
1.8
2.8
6.5
2.6

19.3
3.4
2.4
1.8

19.9
3.7 !
2.5
1.9

20.4
4.1
2.8
1.9

22.5
4.4
3.1
1.9

24.0
4.7
3.4
2.0

3.0
6.0
2.6

3.2
5.9
2.7

3.4
5.5
2.7

3.8
6.6
2.8

4.1
6.9
3.0

15.3
8.0

15.2
8.0

15.4
8.5

15.0
8.6

15.3
9.1

16.0

5.6
4.2
1.4
1.7

5.4
4.0
1.4
1.8
.7

5.1
3.7
1.4
1.8

4.7
3.3
1.4
1.7

4.4
3.1
1.8
1.8

4.3
2.9
1.4
1.9

4.8

4.9

5.5

5.5

|

6.4

116.7

120.8

124.6 :

126.4

132.8

137.1 |

140.8

29.3
14.8

31.9
16.5

33.6
17.8

35.7
19.2

38.1
21.0

43.4
24.8

10.4

10.9

11.2

11.8

12.3

40.8 !
22.9 I
13.0

13.5

3.1
1.0
14.9
1.8
1.4
1.5

3.2
1.2

3.3
1.3
16.4
2.2
1.7
1.6 .

3.6
1.2 |
18.2;
2.8 ,
2.0
1.7 i

3.7
1.3

15.8
2.0
1.6
1.6

3.5
1.2
16.8
2.5
1.7
1.7

2.0
5.8
2.4

2.1
6.2
2.4

2.3
6.1
2.4

2.4
6.1
2.4

2.6 j
6.6 I
2.5 !

16.3
5.6

16.2
6.2

16.1
6.5

15.3
6.9

8.6
6.6
2.0
2.2
1.1

8.1
6.3
1.9
1.9

.8

5.0

i
7.7
5.9 '
1.8
1.8
.8
.2 ;
.1 •

15.0

7.3 I

6.8
5.3
1.5
1.6
.7

6.1 I
4.7
1.4
1.5
.6

i

2.5 !

.7
.4
.1

7.0 !
145.5
45.7
26.5

93

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
of Product in Constant Dollars: Annually, 1946-74
1972 dollars]

1959

1958

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

419.0

441.5

453.0

462.2

482.9

501.4

528.7

558.1

586.1

603.2

633.4

655.4

668.9

691.9

733.0

766.3

759.8

1

46.4

51.8

52.5

50.3

55.7

60.7

65.7

73.4

79.0

79.7

88.2

91.9

88.9

98.1

111.2

120.9

112.5

2

20.7
17.6

24.4
20.9

25.5
21.7

23.0
19.1

26.7
22.3

29.7
24.9

31.1
26.0

35.6
30.2

36.0
30.1

34.9
28.9

40.2
33.3

41.4
33.7

37.1
29.7

44.0
35.2

50.6

53.7
41.5

44.4
33.3

3
4

2.6

2.9

3.1

3.4

3.7

3.8

4.0

4.0

4.1

4.2

4.4

47
.

4.8

5.2

5.7

6.6

6.7

5

.5

.6

.6

.5

.8

1.0

1.1

1.4

1.7

1.8

2.5

2.9

2.6

3.7

5.5

5.6

4.4

6

18.8
5.7

20.0
6.1

19.7
6.1

20.0
6.0

21.2
6.4

22.7
6.9

25.5
7.7

27.8
8.1

31.2
8.6

32.6
8.5

34.9
8.8

36.7
8.8

37.7
8.6

39.9
8.9

44.8
9.9

49.9
10.8

50.5
10.7

7
8

4.0

4.2

4.2

4.2

4.4

4.6

5.1

5.2

5.8

6.0

6.5

69
.

7.1

7.4

8.5

9.5

9.5

9

6.7

7.1

6.9

7.0

7.4

7.9

8.9

9.7

10.7

11.1

12.0

12.7

13.0

14.0

15.5

17.3

17.4

10

2.4

2.6

2.5

2.7

3.0

3.3

3.9

4.8

6.2

70
.

7.6

8.2

8.9

9.5

11.0

12.3

13.0

11

6.9
1.0

7.4
1.2

7.3
1.1

7.3
1.1

7.8
1.3

8.3
1.4

9.1
1.5

10.0
1.6

11.8
1.7

12.2
1.5

13.1
1.6

13.8
1.5

14.1
1.4

14.2
1.3

15.9
1.3

17.3
1.4

17.6
1.4

12
13

2.3

2.5

2.4

2.3

2.4

2.6

2.9

3.3

4.1

4.6

5.1

5.7

5.8

6.0

7.3

7.9

8.0

14

47
.

5.1

6.0

6.1

6.4

6.6

6.9

7.0

7.2

7.9

8.1

15

233.3

244.0

255.5

259.5

270.2

276.4

282.7

287.5

299.3

309.6

303.0

16

134.6
98.0

136.7
100.7

142.0
104.7

144.0
106.7

147.3
109.7

147.5
110.7

150.4
112.1

150.5
109.9

147.1
106.4

17
18

39.4

3.6

3.8

3.8

3.8

4.1

4.3

196.8

205.0

208.2

211.9

218.5

223.0

110.2
80.2

114.4
83.9

115.6
84.6

117.4
85.6

119.2
86.3

120.7
87.0

125.4
90.6

130.9
95.0

26.0
4.0

26.7
3.7

27.4
3.6

28.3
3.5

29.5
3.4

30.5
3.3

31.6
3.2

32.6
3.2

33.1
3.4

32.6
3.5

34.0
3.3

34.1
3.2

34.5
3.1

33.9
2.9

35.5
2.8

37.8
2.8

37.9
2.9

19
20

96.0

99.7

100.9

102.5

103.5

104.6

108.8

113.7

116.6

118.6

123.4

125.3

128.3

128.5

130.6

129.2

125.6

21

14.3

14.7

14.7

14.9

19.0

19.8

21.3

21.5

22

34.6
6.4
18.1

36.3
6.6
19.1

36.6
6.6
19.4

37.3
6.6
19.9

38.9
6.8
21.0

39.6
6.8
21.5

42.6
7.3
23.2

44.2
7.4
24.1

46.9
7.7
25.5

46.9
7.7
25.2

48.6
8.2
26.0

49.6
8.6
26.4

49.2
8.2
26.6

51.6
8.4
28.2

55.1
8.9
29.9

59.3
9.6
32.2

59.0
9.2
32.6

23
24
25

10.0

10.7

10.7

10.8

11.2

11.3

12.1

12.7

13.7

14.1

14.4

14.6

14.4

15.0

16.3

17.5

17.2

26

13.0
5.4
33.5
10.2
3.1
3.1
3.8

13.7
5.2
35.5
10.7
3.1
3.2
4.2

14.2
5.0
36.8
10.9
3.5
3.3
4.5

14.3
4.7
38.3
11.2
3.9
3.4
5.0

14.9
4.7
40.8
11.2
4.2
3.7
5.5

15.3
4.9
42.5
11.4
4.5
3.9
5.9

16.0
5.2
44.1
11.3
4.8
4.2
6.4

16.8
5.5
46.7
11.6
5.3
4.5
6.9

17.8
5.6
50.5
11.7
5.9
4.9
7.5

18.4
5.6
51.8
11.8
6.3
5.0
7.7

19.6
5.7
54.3
11.7
6.7
5.4
8.3

21.0
5.7
56.1
11.4
7.0
5.7
8.9

22.5
5.8
58.0
11.7
7.4
5.9
9.1

23.7
5.6
59.1
11.8
7.5
6.4
9.2

24.9
6.3
62.6
12.2
7.9
7.0
9.9

25.9
6.7
67.3
12.8
8.3
7.7
10.7

24.6
5.2
67.0
12.9
8.1
7.3
9.9

27
28
29
30
31
32
33

3.3
2.9

3.5
3.2

3.9
3.3

4.3
3.5

4.7
3.7

4.9
3.9

5.1
4.2

5.3
4.5

5.5
5.1

5.8
5.2

6.3
5.4

6.8
5.6

7.2
5.8

7.3
5.9

7.8
6.5

8.3
7.2

8.8
7.5

34
35

10.7

10.8

10.9

11.4

12.2

12.5

36

322.4

335.8

344.4

37

15.7

16.1

16.6

17.2

18.0

18.1

18.6

18.7

19.1

7.2

7.4

7.5

7.0

7.8

8.0

8.1

8.7

9.9

9.9

10.4

175.8

184.7

192.3

200.0

208.7

217.6

229.7

240.7

251.6

264.0

275.0

287.2

297.3

306.3

58.0
36.0

60.9
38.3

64.0
40.6

67.0
42.7

70.7
45.3

74.0
47.4

77.4
49.7

81.6
52.5

85.3
55.0

89.1
57.6

93.6
60.8

98.2
63.8

102.1
66.3

106.4
69.8

112.3
74,0

117.6
77.9

122.8
82.2

38
39

16.1

16.8

17.5

18.4

19.3

20.3

21.3

22.5

23.5

24.5

25.8

27.1

28.4

29.6

31.0

32.3

33.2

40

4.1
1.6

4.1
1.7

4.1
1.8

4.1
1.9

4.0
2.1

4.0
2.3

3.9
2.5

3.9
2.7

3.8
2.9

3.8
3.2

3.8
3.3

3.7
3.5

3.7
3.7

3.6
3.4

3.5
3.8

3.3
4.0

3.2
4.1

42

25.4
5.4
3.7
1.9

26.4
5.7
3.9
2.0

27.6
6.0
4.1
2.2

28.4
6.3
4.3
2.3

29.8
6.7
4.7
2.5

30.9
7.1
4.9
2.7

32.4
7.5
5.1
2.8

33.9
7.9
5.3
2.9

35.7
8.5
5.4
3.0

38.1
8.9
5.7
3.0

39.4
9.6
5.9
3.1

41.4
10.3
6.2
3.2

42.9
11.0
6.3
3.4

43.7
11.5
6.4
3.4

45.9
12.3
6.5
3.6

48.2
13.2
6.4
3.8

48.4
13.3
6.4
3.9

43
44
45
46

4.5
6.9
3.1

4.7
6.7
3.3

5.0
6.8
3.4

5.4
6.6
3.5

5.7
6.5
3.7

6.1
6.4
3.7

6.6
6.3
4.0

7.3
6.1
4.3

8.1
5.9
4.8

8.7
6.4
5.2

9.5
6.1
5.2

10.4
5.8
5.5

11.1
5.5
5.5

11.6
5.4
5.3

12.4
5.4
5.6

13.8
5.0
5.9

14.6
4.3
5.9

47
48
49

15.8
10.1

16.3
10.6

16.8
11.1

16.9
11.4

17.5
12.0

18.1
12.6

19.0
13.3

19.7
13.8

20.8
14.6

21.9
15.5

22.9
16.4

23.6
17.0

23.9
17.7

24.5
18.4

26.0
19.9

27.5
21.1

28.5
21.7

50
51

3.9
2.5
1.4
1.7
.4

3.9
2.5
1.3
1.8
.4

3.9
2.5
1.3
1.8
.4

3.6
2.4
1.2
1.8
.4

3.6
2.4
1.2
2.0
.3

3.5
2.3
1.2
2.1
.3

3.4
2.3
1.1
2.3
.4

3.3
2.2
1.1
2.5
.4

3.3
2.2
1.1
2.8
.4

3.2
2.1
1.1
3.2
.3

3.1
2.0
1.1
3.4
.3

3.1
2.0
1.1
3.5
.2

2.8
1.8
1.1
3.3
.2

2.7
1.7
1.1
3.3
.2

2.6
1.6
1.0
3.5
.2

2.6
1.6
1.0
3.8
.2

2.7
1.7
1.0
4.1
.2

52
53
54
55
56

.5
.7
.1

.5
.9
.1

.5
.9
.1

.5
1.0
.1

.5
1.1
.1

.4
1.2
.1

.5
1.4
.1

.6
1.6
.1

.6
1.7
.1

2.1
.1

.6
2.3
.2

.6
2.5
.2

.6
2.4
.2

.6
2.4
.2

.5
2.6
.2

.5
2.9
.2

.5
3.1
.2

57
58
59

41




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

94

Table 2.7.—Personal Consumption Expenditures by Type
[Billions of

Line

The figures in parentheses are the
line numbers of the corresponding items in table 2.6.
Other
Shoe cleaning and repair (12)
Cleaning, laundering, dyeing, pressing, alteration, storage, and repair
of garments (17).
Barbershops, beauty parlors, and
baths (22).
Medical care services.
Physicians (47)
Dentists (48)
Other (49+50+51)
Services furnished without payment
by financial intermediaries except
life insurance carriers (58).
Admissions to specified spectator
amusements (90).
Other (55-58+60+61+62+88+94+
95+96+97+98+102+104-106).

1947

1946

56.1
.5
4.9

56.9
.4
5.0

1950

1949

1948

58.6
.4
5.0

58.6
.4
4.9

1951

61.5
.3
4.8

1952

61.9
.3
4.7

1953

62.9
.3
4.8

64.4
.3
4.8

1954

1955

67.1
.3
4.8

1957

1956

69.4
.3
4.8

72.1
.3
4.9

73.9
.3

2.4

2.3

2.3

2.3

2.4

2.3

2.4

2.5

2.7

2.8

3.0

3.2

13.0
5.1
2.0
5.9
4.7

14.2
5.7
1.9
6.6
5.0

15.5
6.3
2.1
7.1
5.1

16.0
6.3
2.0
7.6
5.0

17.0
6.6
2.1
8.3
5.1

17.8
6.7
2.1
8.9
5.3

18.4
6.7
2.3
9.3
5.4

19.2
6.9
2.4
9.9
5.7

20.2
7.3
2.7
10.3
6.0

20.7
7.2
2.8
10.8
6.3

21.9
7.5
2.9
11.5
6.3

23.0
7.8
3.1
12.2
6.4

6.7

6.2

5.8

5.6

5.3

5.0

4.8

4.4

4.4

4.5

4.6

3.8

24.0

23.7

24.4

24.5

26.5

26.5

26.9

27.4

28.7

30.0

31.0

32.4

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

3. Government Receipts and Expenditures

Table 3.1.—Government Receipts
[Millions of
Line

1947

1946

Receipts.

1948

1949

1953

1951

1950

1954

1955

1956

1957

51,002

56,920

58,937

55,941

68,996

85,235

90,105

94,619

89,874

101,101

109,650

116,173

Personal tax and nontax receiptsCorporate profits tax accruals

18,673
9,104

21,392
11,268

21,026
12,421

18,506
10,203

20,591
17,925

28,921
22,559

34,033
19,399

35,469
20,287

32,504
17,624

35,383
22,041

39,651
21,993

42,379
21,423

Indirect business tax and nontax accruals.
Contributions for social insurance

17,124
6,101

18,443
5,817

20,124
5,366

21,337
5,895

23,422
7,058

25,280
8,475

27,703
8,970

29,730
9,133

29,636
10,110

32,225
11,452

35,070
12,936

37,491
14,880

45,588

42,521

50,489

59,304

60,993

79,169

93,887

101,552

97,020

97,958

104,458

115,250

Purchases of goods and services.

27,548

25,453

31,964

38,392

38,493

60,099

75,582

82,524

75,760

75,006

79,392

87,086

Compensation of employeesOther

20,793
6,755

16,715
8,738

17,431
14,533

19,441
18,951

20,879
17,614

27,396
32,703

31,161
44,421

31,942
50,582

32,478
43,282

34,195
40,811

36,596
42,796

39,125
47,961

Expenditures

13,097

13,093

14,455

16,828

17,967

14,750

14,191

14,878

16,880

18,278

19,178

21,856

To persons
To foreigners..

10,848
2,249

11,150
1,943

10,627

11,722
5,106

14,404
3,563

11,644
3,106

12,103
2,088

12,900
1,978

15,104
1,776

16,236
2,042

17,310
1,868

20,081
1,775

Net interest paid

10

4,092

4,338

4,419

4,466

4,470

4,561

4,704

4,692

5,154

5,616

—254

114

-102

—324

—487

-324

—18

734

692

Transfer payments.

Subsidies less current surplus of government enterprises.

851

4,184
-209

3,828
4,218
—148

Subsidies
Less: Current surplus of government
enterprises.
Less: Wage accruals less disbursements...
Surplus or deficit (-), national
income and product accounts.
Social insurance funds.
Other funds

0

0

0

0

0

44

32

-76

0

0

0

5,414

14,399

8,448

-3,363

8,003

6,066

1,782

-6,933

—7,146

3,143

5,192

3,851
1,563

3,936
10,463

3,378
5,070

2,665
-6,028

1,068
6,935

4,097
1,969

4,285
-8,067

3,615
—10,548

2,774
—9,920

3,355
—212

3,905
1,287

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY or
CURRENT BUSINESS.




3,637
—2,714

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

95

of Product in Constant Dollars: Annually, 1946-74—Continued
1972 dollars]

1959

1958

76.6
.3
4.7

81.0
.3
4.8

1962

1961

1960

83.9
.3
4.7

87.7
.3
4.7

1964

1963

90.7
.3
4.7

94.6
.3
4.7

1965

101.0
.3
4.9

1966

105.6
.3
5.1

1968

1967

109.9
.3
5.2

114.9
.3
5.2

1969

119.0
.3
5.2

1970

123.9
.3
5.1

1971

128.4
.3
4.9

131.8
.3
4.6

1972

138.3
.2
4.7

1973*

142.6
.2
4.7

1974*

Line

144.7
.2
4.4

60
61
62

3.2

3.4

3.5

3.7

4.0

4.0

4.1

4.2

4.5

4.6

4.2

4.2

4.2

3.9

3.9

3.7

3.5

63

24.3
8.4
3.2
12.7
6.5

25.7
8.8
3.2
13.6
7.1

26.7
9.0
3.2
14.5
7.5

27.6
9.1
3.3
15.2
7.7

29.5
9.8
3.5
16.2
7.9

31.3
10.2
3.4
17.7
8.3

34.8
11.9
3.9
19.0
8.8

36.1
12.1
4.0
20.0
9.1

37.4
12.1
4.1
21.2
9.5

38.1
12.5
4.3
21.3
10.0

39.8
12.7
4.4
22.7
10.6

43.4
13.6
4.8
25.0
11.4

46.4
14.3
5.2
27.0
12.2

48.7
14.6
5.1
28.9
12.6

52.1
15.5
5.4
31.2
13.4

55.3
16.5
6.1
32.8
13.7

57.5
17.2
6.1
34.2
14.3

64
65
66
67
68

3.4

3.3

3.3

3.2

3.2

3.1

3.1

3.2

3.3

3.2

3.3

3.4

3.4

3.5

3.5

3.5

3.6

69

34.2

36.4

37.8

40.4

41.2

42.8

45.0

47.6

49.9

53.6

55.5

56.1

57.1

58.3

60.5

61.3

61.2

70

and Expenditures: Annually, 1946-74
dollars]
1959

1960

1961

1962

1963

1964

114,973

129,424

139,497

144,818

156,699

168,502

174,018

188,349

212,279

228,182

263,392

296,316

302,552

322,244

42,136
18,964

45,980
23,646

50,354
22,696

52,0r6
22,781

56,835
23,972

60,320
26,231

58,618
27,985

64,874
30,876

74,477
33,658

82,078
32,480

97,082
39,408

115,400
39,651

115,336
34,477

116,281
37,710

38,665
15,208

41, 792
18,006

45,389
21,058

48,035
21,936

51,557
24,335

54,638
27,313

58,752
28,663

62,575
30,024

70,239
43,385

78,849
48,053

86,370
54,895

94,027
58,712

127,598

131,005

136,402

149,072

160,483

167,785

176,289

187,823

65,320
38,824
213,566

242,419

268,885

285,648

95,040

97,586

100,259

108,156

118,034

123,661

129,810

138,350

158,666

180,188

198,727

207,877

42,123
52,917

43,995
53,591

47,146
53,113

50,528
57,628

54,307
63,727

58,021
65,640

62,876
66,934

67,592
70,758

76,546
82,120

85,142
95,046

95,179
103,548

26,139

27,058

28,852

32,872

33,787

35,612

36,942

39,779

43,904

51,704

24,341
1,798

25,209
1,849

26,966
1,886

30,782
2,090

31,626
2,161

33,433
2,179

34,775
2,167

37,602
2,177

41,627
2,277

49,458
2,246

5,336

6,291

6,869

6,361

6,904

7,392

7,879

8,084

8,500

1,083

70

422

1,683

1,758

1,120

1,658

1,610

2,496

1,107
1,037

1,239
817

2,137
454

2,399
641

2,322
1,202

2,810
1,152

3,088
1,478

4,032
1,536

1958

1965

1966

1968

1973*

1974*

367,373

411,123

453,936

1

141,237
41,535

151,205
48,234

171,167
52,617

2
3

103,409
64,844

111,007
73,594

120,201
91,483

127,263
102,889

4
5

311,919

340,520

370,889

405,138

457,498

6

218,863

233,734

253,105

269,946

301,085

7

103,740
104,137

114,687
104,176

125,249
108,485

137,372
115,733

149,122
120,824

161,123
139,962

8
9

58,657

64,729

78,096

92,454

102,122

116,114

137,736

10

56,542
2,115

62,674
2,055

75,898
2,198

89,869
2,585

99,377
2,745

113,483
2,631

134,530
3,206

11
12

8,908

10,169

11,225

12,244

12,154

12,407

15,354

17,450

13

1,619

1,332

1,817

2,716

2,387

3,588

3,712

697

14

3,896
2,277

4,286
2,954

4,610
2,793

4,864
2,148

4,820
2,433

6,836
3,248

5,472
1,760

3,563
2,866

15
16

1967

1969

1970

1971

1972

Line

0

0

0

0

0

0

0

0

0

0

0

0

0

209

333

—12

—530

17

—12,625

—1,581

3,095

—4,254

—3,784

717

-2,271

526

—1,287

—14,237

—5,493

10,668

—9,367

—18,276

—3,516

5,985

—3,562

18

59
—12,684

2,230
—3,811

3,845
-750

1,375
—5,629

3,302
—7,086

5,032
—4,315

5,966
—8,237

13,935
10,928
10,698
17,926
8,018
15,540
—3,267 —20,295 —26,294 —14,214 —11,941 —19,102

19
20




5,455
11,453
10,676
10,910
—4,929 —12,740 —25,147 —16,169

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

96

Table 3.2.—Federal Government Receipts and Expenditures: Annually,
[Millions of
1946

Line
1
2
V 3
4
5
6
7
~ v8

1948

1947

1949

1950

1952

1951

1953

1954

1955

1956

1957

39,105

43,220

43,218

38,706

50,035

64,277

67,317

70,032

63,738

72,559

77,985

81,906

Personal tax and nontax receipts 1 .

17,166

19,643

18,973

16,137

18,090

26,131

31,031

32,247

28,998

31,437

35,170

37,411

Income taxes
Withheld
Declarations and settlements.
Less: Refunds

16,343
9,251
8,735
1,643

18,784
11,119
9,327
1,662

18,054

15,362

9,186
1,771

7,828
2,354

17,415
11,724
7,384
1,693

25,354
16,772
10,362
1,780

30,141
20,492
11,772
2,123

31,273
22,699
11,179
2,605

28,027
20,437
10,477
2,887

30,419
22,735
10,770
3,086

33,847
25,404
11,680
3,237

35,936
27,301
12,135
3,500

725
97

819
40

885
34

740
35

643
32

731
46

837
53

910
64

908
63

968
50

1,268
55

1,430
45

8,642

10,664

11,750

9,598

17,155

21,676

18,573

19,478

16,851

21,073

20,949

20,404

0
8,642
7,791

75
10,589

167
11,583

193
9,405

197
16,958

255
21,421

292
18,281

343
19,135

276
16,575

252
20,821

402
20,547

7,791

7,970

8,020

8,860

9,352

10,296

10,895

9,733

10,674

11,245

543
19,861
11,793

7,202
2,648
1,210
3,344

7,246
2,292
1,261

7,436
2,139
1,"

7,505
2,161
1,317
4,027

8,200
2,380
1,345
4,475

8,625
2,420
1,445
4,760

9,572
2,692
1,659
5,221

10,152
2,763
1,612
5,777

8,981
2,646
1,540
4,795

9,792
2,752
1,593
5,447

10,267
2,990
1,632
5,645

10,754
2,844
1,699
6,211

100

418
127

142

365
150

534
126

575
152

564
160

570
173

544
208

657
225

721
257

768
271

5,506

5,122

4,525

4,951

5,930

7,118

7,417

7,412

8,156

9,375

10,621

12,298

35,582

29,836

34,902

41,344

40,827

57,769

71,052

77,108

69,772

68,142

71,918

79,624

Receipts

Estate and gift taxes..
Nontaxes
Corporate profits tax accruals..
Federal Reserve banks.
O ther corporations
Indirect business tax and nontax accruals
Excise taxes..
Liquor
Tobacco...
Other
Customs duties..
Nontaxes
Contributions for social insuranceExpenditures

17,617

12,698

16,700

20,410

18,724

38,322

52,365

57,530

47,933

44,455

45,902

49,964

National defense
Compensation of employeesMilitary
Civilian
Other

14,789

9,048

10,668

13,187

13,995

33,487

45,838
15,746
10,755
4,991
30,092

48,594
15,616
10,583
5,033
32,978

41,112
14,921
10,223
26,191

38,446
15,242
10,170
5,072
23,204

40,156
15,570
10,098
5,472
24,586

44,017
15,904
10,244
5,660
28,113

Nondefense
Compensation of employeesOther

2,828

3,650

7,223

4,729

4,835

6,527
3,163
3,364

2,992
5,944

6,821
2,859
3,962

6,009
3,115
2,894

5,746
3,405
2,341

5,947
3,663
2,284

Purchases of goods and services

6,032 !

11,374

10,773

11,460

13,846

14,392

11,631 |

10,849

11,426

13,288

14,463

15,241

17,509

9,125
2,249

8,830
1,943

7,632

8,740
5,106

10,829
3,563

8,525
3,106 !

8,761
2,088

9,448
1,978

11,512
1,776

12,421
2,042

15,734
1,775

Grants-in-aid to State and local governments.

1,108

1,738

1,986

2,228

2,343

2,487 '

2,646

2,834

2,913

3,120

13,373
1,868
3,331

Net interest paid

3,912

4,076

4,131

4,264

4,351

4,447

4,457

4,554

4,644

4,598

5,071

5,538

15

16

17

25

31

47

64

59

94

154

201

1,571

551

625 I

1,017

926

767

994

1,506

2,373

2,404

Transfer payments..
To persons....
To foreigners..

Interest paid
To persons and business.
To foreigners

4,209

Less: Interest received by government.
Subsidies less current surplus of government enterprises.
Subsidies
Less: Current surplus of government
enterprises.
Less: Wage accruals less disbursements..

0

0

0

0

0

44

32

-76

0

0

0

0

Surplus or deficit (—), national income and product accounts.

3,523

13,384

8,316

-2,638

9,208

6,508

-3,735

-7,076

-6,034

4,417

6,067

2,282

3,509
14

3,538
9,846

2,866
5,450

2,072
-4,710

353
8,855

3,232
3,276

3,283
-7,018

2,526
-9,602

1,506
-7,540

2,008
2,409

2,414
3,653

1,978
304

Social insurance funds.
Other funds

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.




I

1. Includes automobile use tax of $1 million in 1946.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

97

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1962

1961

1960

1964

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

141,843

150,4%

174,739

196,984

192,058

198,648

227,471

257,879

288,400

1

61,696

67,475

79,648

94,821

92,219

89,883

108,188. 114,740

131,407

2

51,080
39,130
17,037
5,087

58,602
46,244
18,515
6,157

64,351
53,518
19,088
8,255

76,478
63,913
22,308
9,743

91,197
74,569
27,462
10,834

88,449
76,143
26,051
13,745

85,230
75,917
24,351
15,038

102,692
91,648
25,836
14,792

109,520
104,842
27,391
22,713

126,495
119,304
31,752
24,561

3
4
5
6

2,567
58

2,815
52

3,046
48

3,065
59

3,128
42

3,563
61

3,682
88

4,588
65

5,361
135

5,092
128

4,795
117

7
8

24,578

26,141

28,899

31,428

30,026

36,278

36,212

30,813

33,510

36,560

42,520

45,898

9

880
23,698

1,582
24,559

1,297
27,602

1,649
29,779

1,907
28,119

2,464
33,814

3,019
33,193

3,494
27,319

3,357
30,153

3,231
33,329

4,341
38,179

5,550
40,348

10
11

1963

1965

1958

1959

78,662

89,826

96,141

98,058

106,187

114,415

114,913

124,337

36,786

39,914

43,644

44,704

48,635

51,483

48,626

53,947

35,410
27,834
11,473
3,897

38,466
30,671
11,961
4,166

41,844
32,817
13,415
4,388

42,709
34,411
13,175
4,877

46,531
37,140
14,604
5,213

49,185
40,421
14,469
5,705

46,001
36,663
15,440
6,102

1,329
47

1,404
44

1,759
41

1,950
45

2,054
50

2,241
57

17,960

22,484

21,447

21,491

22,470

524
17,436

911
21,573

897
20,550

687
20,804

799
21,671

Line

11,498

12,508

13,429

13,602

14,606

15,258

16,173

16,479

15,598

16,265

18,001

18,985

19,298

20,351

19,969

21,214

21,676

12

10,397
2,905
1,812
5,680

11,185
3,046
1,850
6,289

12,035
3,108
1,942
6,985

12,169
3,219
2,020
6,930

12,972
3,335
2,043
7,594

13,509
3,397
2,103
8,009

14,158
3,634
2,066
8,458

13,870
3,679
2,087
8,104

12,642
3,852
2,072
6,718

13,328
4,102
2,115
7,111

14,701
4,307
2,135
8,259

15,539
4,570
2,092
8,877

15,694
4,662
2,178
8,854

15,988
4,856
2,156
8,976

15,609
4,993
2,233
8,383

16,671
5,099
2,400
9,172

16,578
5,294
2,360
8,924

13
14
15
16

825
276

1,049
274

1,066
328

1,030
403

1,202
432

1,227
522

1,318
697

1,613
996

1,869
1,087

1,909
1,028

2,258
1,042

2,370
1,076

2,484
1,120

3,112
1,251

2,997
1,363

3,271
1,272

3,658
1,440

17
18

12,418

14,920

17,621

18,261

20,476

23,096

23,973

25,012

33,121

36,730

40,812

46,966

49,728

54,904

62,754

79,405

89,419

19

88,933

90,964

93,106

101,944

110,434

114,159

118,182

123,807

143,632

163,676

180,563

188,443

204,194

220,607

244,734

264,792

300,079

20

53,904

53,890

53,711

57,370

63,738

64,631

65,218

67,268

78,833

90,924

98,019

97,461

95,642

96,220

102,126

101,981

111,692

21

45,565
16,296
10,368
5,928
29,269

45,597
16,521
10,402
6,119
29,076

44,451
16,839
10,477
6,362
27,612

46,995
17,343
10,635
6,708
29,652

51,052
18,386
11,322
7,064
32,666

50,296
18,901
11,594
7,307
31,395

49,048
20,176
12,511
7,665
28,872

49,443
21,045
13,034
8,011
28,398

60,330
24,584
15,656
8,928
35,746

71,462
27,205
17,419
9,786
44,257

76,868
29,933
19,252
10,681
46,935

76,272
31,816
20,454
11,362
44,456

73,537
33,160
21,121
12,039
40,377

70,230
33,796
21,089
12,707
36,434

73,513
35,664
22,299
13,365
37,849

73,370
36,273
22,541
13,732
37,097

77,380
37,470
22,759
14,711
39,910

22
23
24
25
26

8,339
4,249
4,090

8,293
4,341
3,952

9,260
4,837
4,423

10,375
5,251
5,124

12,686
5,678
7,008

14,335
6,263
8,072

16,170
6,827
9,343

17,825
7,253
10,572

18,503
7,847
10,656

19,462
8,407
11,055

21,151
9,340
11,811

21,189
9,985
11,204

22,105
11,563
10,542

25,990
12,967
13,023

28,613
14,396
14,217

28,611
15,658
12,953

34,312
17,220
17,092

27
28
29

21,348

21,966

23,448

27,070

27,748

29,204

30,042

32,462

35,757

42,326

48,072

52,618

63,533

75,249

83,206

95,817

117,717

30

19,550
1,798

20,117
1,849

21,562
1,886

24,980
2,090

25,587
2,161

27,025
2,179

27,875
2,167

30,285
2,177

33,480
2,277

40,080
2,246

45,957
2,115

50,563
2,055

61,335
2,198

72,664
2,585

80,461
2,745

93,186
2,631

114,511
3,206

31
32

5,641

6,848

6,526

7,245

7,979

9,141

10,433

11,121

14,384

15,912

18,587

20,346

24,447

29,011

37,528

40,574

43,870

33

5,208

6,165

6,806

6,248

6,758

7,309

7,983

8,380

9,160

9,840

11,390

12,853

14,256

13,974

14,552

18,206

21,035

34

8,088
7,756

7,616
7,338

8,306
7,967

8,903
8,502

9,561
9,108

10,046
9,557

11,053
10,504

11,998
11,400

13,849
13,147

14,934
14,157

16,638
15,614
1,024

16,561
14,717
1,844

17,256
14,572
2,684

21,125
17,289
3,836

24,066
19,804
4,262

35
36
37

278

339

401

453

489

549

598

702

777

1,368

1,548

1,594

1,578

1,666

1,893

2,158

2,459

2,081

2,382

2,587

2,704

2,919

3,031

38

2,095

2,615

4,011

4,211

3,874

4,506

4,576

5,498

4,674

4,495

5,165

6,316

6,192

7,805

8,222

5,235

39

1,107
-988

2,832

332
1,282

139

1,239
-1,376

2,137
—1,874

2,399
—1,812

2,310
-1,564

2,800
-1,706

3,070
-1,506

4,008
-1,490

3,870
-804

4,259
-236

4,585
-580

4,840
-1,476

4,786
-1,406

6,783
-1,022

5,391
-2,831

3,449
-1,786

40
41

281

0

0

0

0

0

0

0

0

0

0

0

0

0

39

483

8

-530

42

-10,271

-1,138

3,035

-3,886

-4,247

256

-3,269

530

-1,789

-13,180

-5,824

8,541

-12,136

-21,959

-17,263

-6,913

-11,679

43

-1,697
-8,574

209
-1,347

1,551
1,484

-1,074
-2,812

719
-4,966

2,219
-1,963

2,775
-6,044

2,021
-1,491

7,475
6,115
-9,264 -19,295

5,332
-11,156

8,079
462

4,174
-16,310

527
-22,486

2,565
-19,828

9,082
-15,995

5,769
-17.448

44
45




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

98

Table 3.2.—Federal Government Receipts and Expenditures: Annually,
[Billions of
1946

!

1947

1948

1949

Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV
37.4

34.9

38.2

41.1

42.1

43.5

42.8

42.1

44.5

44.6

43.4

42.5

42.3

40.6

38.6

38.3

2

Personal tax and nontax receipts

16.0

17.3

17.8

17.7

19.1

19.3

19.6

20.6

21.0

18.9

18.0

18.1

17.2

16.4

15.7

15.2

3
4
5
6

Income taxes
. . .
Withheld
Declarations and settlements
Less: Refunds
-

15.1

16.3

17.0

16.9

18.2

18.5

18.7

19.8

20.1

17.8

17.1

17.3

16.5

15.6

14.9

14.4

7
8

Estate and gift taxes . .
Nontaxes

.7
.1

.8
.1

.7
.1

.7
.0

.9
.0

.7
.0

.9
.0

'.0

.9
.0

1.0
.0

.9
.0

.8
.0

.7
.0

.7
.0

.8
.0

.7
.0

5.8

7.6

10.0

11.2

10.9

10.3

10.2

11.1

11.5

12.1

11.9

11.5

10.4

9.2

9.5

9.4

7.5

7.7

8.0

8.0

7.9

7.7

7.5

8.0

7.7

8.0

8.1

8.1

7.9

8.1

8.2

7.9

1

9
10
11
12
13
14
15
16
17
18
19
20

Receipts

Corporate profits tax accruals. .
Federal Reserve banks
Other corporations
Indirect business tax and nontax accrualsLiquor
Tobacco
Other
Customs duties
Nontaxes
. . .-

5.7

21

Purchases of goods and services

22
23
24
25
26

National defense
Compensation of employees
Military
Civilian
Other

27
28
29

Nondefense
Compensation of employees
Other

30
31
32
33
34

_

Transfer payments
To persons
To foreigners
Grants-in-aid to State and local governments
Net interest paid

35
36
37

Interest paid.
To persons and business
To foreigners

38

Subsidies less current suplus of government enterprises.

40
41

Less: Wage accruals less disbursements..

5.5

5.5

4.8

4.7

4.5

4.4

4.5

4.6

5.0

5.0

4.9

4.9

32.0

28.7

29.2

32.2

29.3

31.0

33.0

36.7

39.0

40.0

41.7

42.4

41.4

16.8

15.3

15.8

12.6

13.1

12.6

12.6

13.7

15.9

17.6

19.7

19.8

20.7

20.7

20.5

20.4

14.4

12.0

12.3

9.4

8.9

8.6

9.3

9.8

10.3

10.6

12.0

12.7

13.4

13.6

13.1

i

2.2

2.3

3.3

13.0

11.8

10.7

9.4
2.4

8.8
2.0

8.1
1.9 i

4.2

4.0

3.3

3.9

5.6

7.0

7.7

7.0

7.4

7.0

74

9.9

10.0

10.2
2.7

3.2

3.5

9.6

13.2

10.4

10.9

10.7

12.3

12.0

13.3

14.1

14.4

13.8

8.1
1.7

7.7
1.9

11.1
2.1

8.3

7.9
3.0

7.7
3.0

7.5

7.5
4.5

8.2
5.1

8.7
5.4

9.1
5.3

9.1
4.7

2.2

2.1

2.0

2.5

2.3

4.2

4.2

4.3

4.3

4.3

1.0

.9

1.2

1.4

1.6

1.8

1.8

3.7

3.9

4.0

4.0

4.0

4.1

4.1

.0

.0

.0

.0

I *°

.0

.0

2.5

2.0

.9

.8

.7

.6

.5

.1

-.1

.0

.0 :

-0

.0

9.0

10.2 :

13.6

2.1

4.8

1.8

1.9

4.1

4.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.4

.5

.4

.7

1.0

.6

.6

.6

.5

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

10.0

15.2

13.6

10.5

5.8

3.3

.6

-3.1

-4.1

-4.1

1.8
4.1

2.1
4.1

Subsidies
Less: Current surplus of government
enterprises.

42

5.3

32.1

Less* Interest received by government

39

5.4

35.5

22.6

Expenditures

5.6

42.7

Contributions for social insurance

43
44
45

Surplus or deficit ( - ) , national income and product accounts.
Social insurance funds
Other funds




-7.7

2.7

14.8

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

99

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1952

1951

1950

1953

1954

1955
Line

IV

I

I
I

II
I

IV

62.2

66.2

66.3

66.4

66.9

26.8

28.8

29.9

30.9

31.3

26.1

27.9

29.0

29.9

.7
.0

.7
.0

.8
.0

.8
.0

21.4

19.4

20.8

19.0

I

I
I

II
I

IV

I

I
I

42.6

46.8

53.1

57.7

65.9

62.9

15.8

16.8

18.1

21.6

23.5

25.4

15.1

16.1

17.4

21.0

22.8

24.7

.6
.0

.7
.0

7

.6
.0

.7
.0

13.1

15.6

20.9

25.3

o
19.1

II
I

I

I
I

II
I

IV

I

69.9

71.8

71.9

70.8

65.6

32.0

32.5

32.4

32.1

32.0

30.4

31.2

31.5

31.5

31.2

.9
.0

.9
.1

.8
.1

1.0
.1

.8
.1

17.9

17.9

19.7

20.8

20.9

I
I

II
I

IV

62.9

62.9

63.5

29.1

28.8

28.8

30.9

28.1

27.9

.9
.1

1.0
.1

.9
.1

20.4

15.9

15.7

I

I
I

I I IV
I

65.7

69.7

71.6

73.6 75.5

1

29.3

30.0

30.9

31.9 32.9

2

27.9

28.3

29.0

30.0

30.9 31.7

3
4
5
6

.9
.1

.9
.1

.9
.1

1.0
.1

.8
.0

16.1

17.1

18.4

20.5

20.7

.9
.1

1.1
1

21.3 22.1

7
g

9
10
11

8.0

8.6

9.9

8.9

10.0

9.0

9.0

9.5

9.9

10.3

10.3

10.7

11.0

11.1

10.9

10.6

9.9

9.8

9.5

97
.

10.2

10.8

10.9

10.8

12
13
14
15
16
17
18

5.7

5.8

6.0

6.3

7.1

7.2

7.0

7.2

7.5

7.3

7.4

7.5

7.5

7.6

7.3

7.2

8.1

8.1

8.1

8.3

9.0

9.2

9.6

9.7

19

47.2

39.0

36.5

40.4

47.6

54.5

61.2

67.9

66.1

70.1

74.4

73.6

76.3

78.2

76.6

77.4

73.5

69.6

68.7

67.6

67.9

66.7

68.9

69.0

20

18.6

17.4

18.0

20.9

28.7

35.1

42.3

47.2

48.3

52.2

54.3

54.6

57.2

58.1

57.2

57.6

52.8

48.0

46.2

44.8

44.5

43.7

44.7

44.9

21

12.4

12.5

14.1

16.9

24.0

30.3

37.7

42.0

42.4
15.4
10.5
4.9
27.0

46.9
16.0
11.0
5.0
30.9

48.5
15.8
10.7
5.0
32.7

49.1
15.7
10.5
5.2
33.3

49.5
15.8
10.6
5.2
33.7

48.3
15.7
10.7
4.9
32.7

47.5
15.3
10.5
4.8
32.2

44.3
15.0
10.3
4.7
29.3

41.9
14.9
10.3
4.7
27.0

39.8
14.9
10.2
4.7
24.9

38.4
14.9
10.1
4.7
23.6

38.6
14.8
10.0
4.8
23.7

38.1
15.4
10.3
5.1
22.7

39.1
15.4
10.2
5.2
23.7

38.0
15.3
10.1
5.2
22.6

22
23

7.4
3.2
4.2

6.1
3.2
2.9

8.1
3.1
5.0

8.7
3.1
5.6

8.9
2.9
6.0

10.1
2.9
7.2

8.5
2.8
5.6

6.1
2.9
3.2

6.4
2.8
3.6

6.3
2.9
3.4

5.9
3.0
3.0

5.6
3.1
2.5

5.6
3.2
2.4

6.9
3.2
3.7

27
28

61
.

4.9

4.0

3.9

4.7

4.8

4.6

5.2

6.0
3.1
2.9

45.6
15.9
10.9
5.0
29.7
6.6
3.2
3.5

21.0

13.9

10.9

11.6

11.2

11.6

11.9

11.9

10.0

10.7

11.7

10.9

11.4

11.3

11.3

11.9

12.4

12.8

13.7

14.4

14.7

14.3

14.4

14.4

30

17.1
3.9

10.1
3.7

7.7
3.1

8.1
3.5

8.2
3.0

8.6
3.1

8.8
3.1

8.7
3.2

8.3
1.8

8.3
2.4

9.2
2.5

9.2
1.6

9.3
2.1

9.2
2.1

9.4
1.9

10.0
1.9

10.8
1.7

11.4
1.4

11.8
1.9

12.3
2.0

12.2
2.5

12.3
2.0

12.5
1.9

12.6
1.8

31
32

2.4

2.4

2.3

2.3

2.5

2.5

2.4

2.6

2.5

2.5

2.8

2.8

2.3

3.4

2.8

2.9

2.9

2.8

3.0

2.9

3.0

3.1

3.3

3.2

33

4.3

4.3

4.4

4.4

4.4

4.4

4.4

4.5

4.5

4.4

4.5

4.5

4.5

4.5

4.6

4.6

4.6

4.7

47
.

4.6

4.5

4.4

4.6

4.8

34

.0

.0

.0

.0

.0

.0

.0

.0

.0

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

36
37

1.0

.9

1.2

.8

.9

1.0

1.0

.8

.3

11
.

.8

.9

.8

.6

.4

.7

1.3

11
.

.9

1.3

1.6

1.4 1.8

39

24
25
26

29

35

o

38
1.0

40
41

.0

.0

.0

.0

.0

.0

.7

-.6

.0

.0

.0

.0

.0

-.1

-4.7

7.8

16.6

17.3

18.3

8.4

1.0

-1.7

.2

-3.7

-7.5

-3.7

-4.5

-6.2




-.1

-.1

.0

.0

.0

.0

.1

.5

-.6

.0

42

-5.8 -11.8 -10.6

-6.7

-5.1

-1.9

1.8

4.9

4.8

6.5

43
44
45

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

100

Table 3.2.—Federal Government Receipts and Expenditures: Annually, 1946-74
[Billions of
1956

Line
I
1

Receipts

II

1957

1959

1958

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

76.0

77.6

77.6

80.5

82.7

82.5

82.6

79.6

76.0

75.9

79.5

83.0

87.6

91.6

89.8

90.3

2

Personal tax and nontax receipts l

33.8

35.0

35.5

36.4

37.0

37.6

37.8

37.2

36.5

36.0

37.1

37.5

38.5

39.7

40.2

41.2

3
4
5
6

Income taxes
Withheld
Declarations and settlements
Less: Refunds

32.6

33.5

34.1

35.1

35.7

36.0

36.2

35.8

35.1

34.6

35.8

36.2

37.2

38.3

38.7

39.7

7
8

Estate and gift taxes
Nontaxes

1.1
.1

1.4
.1

1.3
.1

1.3
.0

1.3
.0

1.6
.0

1.5
.0

1.3
.0

1.4
.0

1.3
.0

1.3
.0

1.3
.0

1.3
.0

1.3
.0

1.5
.0

1.5
.0

21.0

21.4

20.1

21.1

21.7

20.8

20.4

18.6

15.9

16.3

18.3

21.1

22.2

24.5

21.8

21.3

10.9

10.9

11.3

12.0

11.9

11.8

12.0

11.5

11.3

11.5

11.4

11.8

9
10
11
12

Corporate profits tax accruals. _
Federal Reserve banks
Other corporations
Indirect business tax and nontax accruals.

13
14
15
16
17
18
19
20
21

Contributions for social insurance

10.3

Expenditures

69.4

74.2

12.2
78.1

12.3
79.8

12.5
79.8

1.1
.3

1.1
.3

1.1
.3
15.0

12.3

12.2

12.2

12.6

12.6

14.7

15.0

15.0

81.0

83.5

87.8

91.6

93.0

90.5

89.9

91.5

91.9

46.7

50.3

49.9

50.1

49.6

51.6

54.4

55.9

54.3

53.7

53.3

40.3
15.6
10.2
5.4
24.7

40.2
15.7
10.1
5.6
24.5

41.9
15.7
10.0
5.6
26.2

43.3
15.8
10.2
5.6
27.5

43.9
15.9
10.3
5.6
27.9

44.6
16.1
10.4
5.7
28.5

44.3
15.8
10.1
5.6
28.6

44.5
15.8
10.1
5.7
28.7

45.4
16.1
10.3
5.8
29.3

45.9
16.6
10.6
6.1
29.2

46.5
16.7
10.6
6.1
29.8

46.1
16.5
10.5
6.1
29.6

45.5
16.5
10.4
6.1
29.0

45.6
16.5
10.4
6.1
29.1

45.1
16.5
10.4
6.1
28.6

5.9
3.4
2.6

5.6
3.5
2.1

4.8
3.5
1.3

7.0
3.6
3.4

6.0
3.7
2.3

5.5
3.7
1.7

5.3
3.6
1.7

7.2
4.1
3.1

8.2
4.2
4.0

8.5
4.4
4.2

9.4
4.4
5.1

8.1
4.3
3.8

8.8
4.3
4.4

8.1
4.4
3.7

8.1
4.4
3.8

15.1

15.5

15.7

16.2

17.7

17.5

18.7

19.9

21.7

22.2

21.7

21.8

21.5

21.9

22.7

13.0
1.8

13.2
1.9

13.6
1.9

13.8
1.9

14.5
1.7

15.7
2.0

15.8
1.7

17.0
1.7

18.2
1.7

20.0
1.8

20.4
1.9

19.8
1.9

19.9
1.9

19.8
1.7

20.1
1.8

20.7
2.0

3.3

3.5

4.2

4.0

4.2

4.5

4.8

5.6

5.4

6.8

6.7

6.4

7.5

6.8

5.0

5.1

5.3

5.5

5.6

5.8

5.2

5.0

5.2

5.4

5.6

5.9

6.4

6.7

.1

. _ .

To persons
To foreigners

45.8

54.3

14.7

Nondefense . . _ .
Compensation of employees
Other

46.2

53.6

6.6
3.3
3.4

27
28
29

Transfer payments

72.4

11.0

12.8
11.4

38.3
15.3
10.1
5.2
23.0

National defense — _
... .
Compensation of employees
Military...
Civilian
Other

31
32

71.8

10.8

12.8
11.4

44.9

Purchases of goods and services

22
23
24
25
26

30

10.4

12.4
11.0

1.0
.3

Customs duties
Nontaxes

12.1
10.9

Excise taxes
Liquor
Tobacco
Other

.1

.2

.2

.2

.2

.2

.2

.2

.1

.1

.2

.2

.2

.3

.4

1.9

2.3

2.5

2.8

2.2

2.7

2.4

2.3

2.5

2.5

3.0

3.2

2.2

1.7

2.1

2.3

1.2
-1.0

1.0
-.7

1.1
-1.0

1.1
-1.2

33

Grants-in-aid to State and local governments.

3.1

34

Net interest paid

4.8

3.5
5.5

35
36
37

Interest paid
To persons and business
To foreigners

38

Less: Interest received by government.

39

Subsidies less current surplus of government enterprises.

40
41

Subsidies
Less: Current surplus of government
enterprises.

42

Less: Wage accruals less disbursements..

.0

.0

.0

.0

.0

.0

.0

.0

.6

.6

-1.3

.0

.0

.0

.0

.0

43

Surplus or deficit ( - ) , national
income and product accounts.

6.6

5.8

5.2

6.3

4.6

2.8

2.8

-1.3

-7.5

-11.9

-12.1

-10.0

-2.9

1.6

-1.8

-1.5

-.4
-7.0

-2.6
-9.3

-2.3
-9.8

-1.4
-8.6

.4
—3.4

.6
1.1

.3
-2.0

-.4
-1.1

44
45

Social insurance funds




_.

.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

101

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

1960

1963

1964

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

97.9

96.5

95.7

94.5

94.5

96.6

98.9

102.2

103.4

105.1

107.5

108.8

111.6

114.1

115.3

116.6

115.4

112.1

115.3

117.0

122.8

42.7

43.6

44.0

44.2

44.2

44.3

44.8

45.4

46.5

48.2

49.3

50.6

51.1

51.4

51.6

51.9

50.3

46.4

48.1

49.7

53.4

54.6

53.3

54.6

2

41.1

41.8

42.3

42.1

42.2

42.5

42.8

434

44.5

46.0

47.2

48.4

48.9

49.1

49.1

49.7

48.0

43.7

45.4

46.9

50.5

51.9

50.4

51.5

3
4
5
6

1.6
.0

1.8
.0

1.6
.0

2.0
.0

2.0
.0

1.8
.0

2.0
.0

2.0
.0

1.9
.1

2.2
.1

2.1
.1

2.1
.1

2.2
.1

2.3
.1

2.4
.1

2.1
.1

2.3
.1

2.6
.1

2.7
.1

2.7
.1

2.8
.1

2.6
.1

2.8
.1

3.0
.1

7
g

24.0

21.7

20.6

19.4

19.1

20.7

22.1

24.1

22.3

22.1

22.8

22.7

22.9

24.5

25.2

25.7

25.9

25.9

26.6

26.1

27.5

28.4

28.9

30.8

II

III

IV

124.4 123.1 127.1

1

9
10
11

13.6

13.5

13.4

13.3

13.3

13.5

13.6

14.1

14.4

14.4

14.8

14.8

14.9

15.2

15.4

15.5

15.6

12.1

12.1

12.1

11.9

11.9

12.1

12.1

12.5

12.8

12.8

13.2

13.1

13.2

13.5

13.6

13.7

13.8

14.1

1.2
3

1.1
.3

1.0
.3

1.0
.4

1.0
.4

1.0
.4

1.1
.4

1.1
.4

1.2
.4

1.2
.4

1.2
.4

1.2
.4

1.2
.5

1.2
.5

1.2
.5

1.2
.6

1.2
.5

1.3
.5

15.9

16.4
14.2

17.4

16.9

16.7

15.8

16.1

12

14.5

15.0

14.1

13.1

13.3

13
14
15
16

1.4
.9

1.4
1.0

1.6
1.0

1.7
1.0

1.7
1 0

17
18

24.8

25.1

25.7

19

17.5

17.6

17.7

17.6

17.9

18.2

18.4

18.6

20.3

20.5

20.5

20.7

22.7

23.0

23.2

23.5

23.6

23.8

1.3
.8
24.1

24.4

24.5

90.2

92.3

94.2

95.7

98.9

101.7

102.8

104.4

109.0

109.2

110.7

112.8

113.5

112.2

114.1

116.8

118.3

118.8

117.6

118.0

118.2

52.3

53.1

54.6

54.8

55.3

56.9

57.7

59.6

63.0

63.0

64.1

64.8

64.9

63.3

64.5

65.9

65.9

65.8

64.7

64.5

63.9

65.8

67.6

71.8

21

43.9
16.5
10.4
6.0
27.4

43.8
16.7
10.4
6.3
27.1

44.8
17.0
10.5
6.5
27.7

45.3
17.1
10.6
6.6
28.2

46.0
17.0
10.5
6.5
29.0

46.7
17.1
10.4
6.6
29.6

46.8
17.2
10.4
6.8
29.6

48.5
18.1
11.2
6.9
30.4

50.9
18.4
11.6
6.9
32.5

51.3
18.4
11.5
6.9
32.9

51.1
18.3
11.2
7.1
32.8

50.9
18.4
11.0
7.4
32.5

50.2
18.5
11.3
7.2
31.7

50.5
18.7
11.3
7.3
31.8

50.2
18.8
11.4
7.4
31.4

50.3
19.6
12.3
7.3
30.6

49.8
19.8
12.4
7.4
30.1

49.5
20.0
12.4
7.5
29.6

48.9
20.4
12.6
7.9
28.5

47.9
20.5
12.7
7.9
27.4

47.1
20.3
12.6
7.7
26.7

48.3
20.4
12.5
7.9
27.9

49.3
21.0
13.0
8.1
28.3

53.1
22.4
14.1
8.4
30.7

22
23
24
25
26

8.4
4.6
3.8

9.3
4.8
4.5

9.8
5.0
4.8

9.5
5.0
4.5

9.3
5.1
4.2

10.3
5.2
5.1

10.8
5.3
5.5

11.1
5.4
5.8

12.1
5.5
6.6

11.7
5.6
6.1

13.1
5.7
7.4

13.9
5.9
8.0

14.7
6.2
8.5

12.8
6.3
6.5

14.3
6.3
8.0

15.6
6.3
9.3

16.0
6.6
9.4

16.3
6.7
9.5

15.8
7.0
8.8

16.6
7.0
9.6

16.9
7.1
9.8

17.5
7.1
10.4

18.2
7.3
10.9

18.7
7.5
11.2

27
28
29

22.2

23.0

23.8

24.8

26.5

27.4

27.4

27.0

27.6

27.2

27.7

28.5

29.5

28.7

29.0

29.7

30.2

29.9

29.9

30.2

31.1

31.1

34.4

33.3

30

20.5
1.7

21.1
1.8

21.8
2.0

22.8
2.1

24.5
2.1

25.3
2.1

25.4
2.0

24.8
2.2

25.3
2.3

25.2
2.0

25.6
2.1

26.2
2.2

27.5
2.0

26.6
2.2

26.8
2.2

27.3
2.4

28.1
2.0

27.6
2.3

27.8
2.1

27.9
2.2

29.1
1.9

28.7
2.5

32.2
2.2

31.1
2.1

31
32

6.2

6.6

6.7

6.6

7.2

7.2

7.3

7.4

7.8

7.9

7.9

8.3

8.5

8.8

9.4

9.9

10.1

10.4

10.5

10.7

10.5

11.0

11.3

11.6

33

7 1

7 A

A A

8.2
7.9
.3

8.0
7.7
.3

8.5
8.1
.3

8.6
8.3
.4

8.7
8.3
.4

8.8
8.4
.4

9.0
8.6
.4

9.2
8.7
.4

9.4
8.9
.4

9.5
9.0
.4

8.0
9.7
9.2
.4

8.3
9.7
9.2
.5

8.1
9.9
9.4
.5

8.3
10.0
9.5
.5

8.4
10.0
9.6
5

8.8
10.3
9.7
5

34

8.4
7.9
.4

A Q

7.8
7.5
.3

7.6
7.3
.3

A A

7.5
7.3
.3

7.6
7.3
.3

7.7
7.4
.3

7.9
7.6
.3

8.2
7.9
.3

120.4 126.1 130.5^

20

35
36
37

1.2

1.2

1.4

1.3

1.3

1.3

1.4

1.5

1.5

1.6

1.5

1.5

1.6

1.6

1.6

1.6

1.6

1.6

1.7

1.4

1.8

1.8

1.7

1.4

38

2.4

2.6

2.5

3.0

3.6

4.1

4.3

4.2

4.2

4.5

4.1

4.2

3.6

4.2

3.9

3.8

4.4

4.8

4.7

4.2

4.5

4.2

4.5

5.0

39

1.1
-1.2

1.4
-1.2

1.1
-1.4

1.3
-1.7

1.7
-1.9

2.1
-1.9

2.3
-2.0

2.4
-1.7

2.4
-1.8

2.5
-2.0

2.3
-1.7

2.4
-1.8

2.1
-1.5

2.2
-2.0

2.4
-1.5

2.5
-1.3

2.8
-1.6

2.9
-1.8

2.7
-1.9

2.7
-1.4

3.0
-1.5

3.1
3.0
3.2
-1.2 -1.5 -1.8

40
41

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

7.7

4.2

1.4

-1.1

-4.3

-5.1

-3.9

-2.2

-5.6

-4.1

-3.2

-4.1

-1.9

1.9

1.2

-.2

-3.0

-6.7

-2.4

-1.0

2.6
5.1

1.9
2.3

1.4
.0

—1 4 —1 3
-3.7 -2.6

_ 7
-1.4

.7

-6.3

7
-4.8

10
-4.2

5

-1.5

-4.6

1 l
-2.9

2.5
-.6

2.7
-1.5

2.6
-2.8

1.8
-4.8

2.8
-9.4

3.0
-5.4

3.5
-4.5

.4


http://fraser.stlouisfed.org/ 8
216-143 O - 77 Federal Reserve Bank of St. Louis

—.8

-3.5

.0
x

.0

.0

42

4.6

3.9

-3.0 -3.4

43

2.3
2.3

.4
3.3
2.0
.6 - 3 . 5 - 5 . 4

44
45

.0

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

102

Table 3.2.—Federal Government Receipts and Expenditures: Annually, 1946-74,
[Billions of
1966

1967

1968

Line
I
1

II

III

IV

I

II

III

IV

I

II

III

IV

136.5

141.3

143.7

145.9

147.1

147.6

151.5

155 8

164 1

169 1

180 3

2

Personal tax and nontax receipts *

57.6

61.2

62.9

65.1

66.0

65.6

68.4

69.9

71.7

74 6

84 4

87 9

3
4
5
6

Income taxes
Withheld
D eclarations and settlements
Less* Refunds

54.4

58.0

59.8

62.2

62.8

62.6

65.1

66.9

68.9

71.4

81.1

84.5

7
g

Estate and cift taxes
Nont axes

3.1
.0

3.1
.0

3.0
.0

2.9
.0

3.1
.1

3.0
.1

3.2
.1

3.0
.1

2.8
.1

3.1
.0

3.2
.0

3.4
.0

31.8

31.8

31.4

30.7

29.7

29.4

29.6

31.4

35.6

36.2

36 2

37 1

14.9

15.7

15.7

16.0

16.0

16.3

16.3

16.5

17.2

17.8

18.4

18.5

12.1

12.8

12.7

13.0

13.0

13.3

13.5

13.5

14.0

14.5

15.0

15.2

1.8
1.1

1.9
1.1

1.9
1.1

1.9
1.1

1.9
1.0

1.9
1.0

1.8
1.0

2.0
1.1

2.1
1.1

2.2
1.0

2.4
1.0

2.3
1.0

9
10
12

Receipts

Coroorate Drofits tax accruals

Indirect business tax and nontax accruals.
Excise taxes

17
18

Customs duties
Nontaxes

19

A

Federal Reserve banks
Other corrjorations

13
14
15
16

20

ice

Tobacco
Other
-

32.1

Expenditures

32.6

33.8

34.1

35.5

36.4

37.1

38.0

39.6

40.5

41.3

41.9

135.8

Contributions for social insurance

140.0

146.9

151.8

159.9

160.9

165.1

168.9

173.8

181.0

182.6

184 8

21

Purchases of goods and services

73.6

76.8

81.5

83.5

88.6

89.4

92.1

93.7

96.2

98.5

98.6

98.7

22
23
24
25
26

National defense .
Compensation of employees
MilitaryCivilian
Other

55.1
23.3
14.7
8.6
31.8

58.4
24.0
15.2
8.8
34.5

62.7
25.2
16.1
9.1
37.5

65.0
25.9
16.7
9.2
39.2

69.4
26.5
17.0
9.5
43.0

70.4
26.7
17.1
9.6
43.7

72.5
27.1
17.3
9.8
45.4

73.5
28.5
18.3
10.2
45.0

76.1
28.8
18.5
10.3
47.3

77.2
29.5
19.0
10.5
47.7

76.7
30.9
20.0
10.9
45.8

77.4
30.5
19.5
11.0
46.9

27
28
29

Nondefense
Compensation of employees
Other

18.5
7.5
10.9

18.3
7.7
10.6

18.8
8.0
10.8

18.4
8.1
10.3

19.2
8.1
11.0

18.9
8.3
10.6

19.6
8.5
11.1

20.2
8.7
11.4

20.0
9.0
ll.Q

21.3
9.2
12.1

21.9
9.5
12.4

21.3
9.6
11.8

34.8

34.1

35.6

38.6

41.3

41.9

43.0

43.1

44.8

47.9

49.2

50.3

32.1
2.7

31.8
2.3

33.4
2.2

36.6
2.0

39.1
2.2

39.7
2.2

40.4
2.6

41.1
2.0

43.0
1.8

45.8
2.1

47.0
2.2

48.0
2.4

13.3

14.4

14.9

15.0

15.3

14.9

16.0

17.5

17.8

18.8

18.8

18.9

30
31
32

Transfer payments ..

- --

To persons
To foreigners

33

Grants-in-aid to State and local governments.

34

Net interest Daid

8.7

9.0

9.3

9.6

9.9

9.6

9.7

10.2

10.7

11.4

11.5

12.1

10.5
10.0
.5

10.9
10.3
.5

11.2
10.6
.6

11.6
11.1
.6

11.9
11.3
.5

11.8
11.2
.6

11.9
11.3
.6

13.2
12.5
.7
2.5

13.8
13.0
.7
2.4

14.1
13.5
.7
2.7

14.3
13.6
.7
2.3

38

Less: Interest received by government

1.8

1.9

1.9

2.0

2.0

2.2

2.2

12.4
11.8
.7
2.3

39

Subsidies less current surplus of government enterprises.

5.5

5.8

5.6

5.1

4.8

5.1

4.3

4.5

4.4

4.4

4.5

4.7

40
41

Subsidies
Less: Current surplus of government
enterprises.

3.6
-1.8

4.0
-1.8

4.1
-1.5

4.3
-.8

4.1
-.7

3.9
-1.2

3.7
-.6

3.8
-.7

4.1
-.3

4.3
-.1

4.3
-.2

4.3
—.4

42

Less: Wage accruals less disbursements-

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

43

Surplus or deficit ( - ) , national
income and product accounts.

.6

1.3

-3.2

-5.9

-12.8

-13.2

-13.6

-13.0

-9.7

-12.0

-2.3

.7

7.6
-7.0

7.9
-6.6

8.0
-11.2

6.4
-12.3

5.4
-18.2

5.9
-19.1

6.4
-20.0

6.8
-19.9

6.6
-16.3

4.8
-16.8

5.1
-7.4

4.8
-4.1

35
36
37

44
45

Interest paid To persons and business
To foreigners
.
_

Social insurance funds
Other funds .




-

- .

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

103

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1970

1969

1972

1971

1974*

1973*

Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

195.6

199.2

196.0

197.1

193.2

194.7

190.8

189.5

194.9

197.1

198.8

203.8

222.6

224.3

227.7

235.3

250.8

254.8

259.8

266.2

275.7 285.6

99.2 293.1

1

93.8

96.7

03.9

94.9

94.0

94.7

89.6

90.6

86.9

88.4

90.0

94.3

106.6

107.2

108.2

110.8

110.3

111.6

116.5

120.6

124.2

129.5

34.6

37.4

2

90.3

92.9

90.3

91.3

90.2

91.0

85.9

86.7

83.0

84.5

85.8

87.6

100.1

102.5

103.0

105.2

104.7

107.3

110.8

115.3

119.0

124.4

29.8

32.8

3
4
5
6

3.5

3.7
1

3.5

1

3.6
1

3.8
.1

3.7

3.6
.1

3.7
.1

3.8
.1

3.8
.1

4.1
.1

6.6
.1

6.4
.1

4.6
.1

5.0
.2

5.4
.2

5.5
.2

4.1
.1

5.6
.1

5.2
.1

5.1
.1

5.0
.1

4.7

4.5

7
g

37.0

35.2

34.9

30.9

30.9

31.7

29.8

33.2

34.0

33.4

33.5

34.6

35.2

36.5

40.0

42.1

43.0

42.1

42.9

43.1

45.8

51.8

42.9

o
37.7

.1

I

II

III

.1

IV

1

9
10
11

18.5

19.0

19.4

19.0

19.0

19.3

19.3

19.5

20.9

20.1

20.1

20.4

19.6

19.7

20.0

20.6

21.1

21.6

21.0

21.2

21.3

21.7

22.1

21.7

12

15.5

15.3

15.8

15.5

15.5

15.8

15.7

15.8

17.0

16.2

15.7

15.1

15.1

15.5

15.7

16.1

16.3

16.8

16.7

16.9

16.6

16.7

16.7

16.3

13
14
15
16

2.0
10

2.6
11

2.5
1 i

2.4
1 i

2.5
1 i

2.4
1.1

2.5
1.1

2.6
1.1

2.6
1.2

2.7
1.2

3.1
1.3

4.0
1.3

3.1
1.3

2.8
1.4

2.9
1.4

3.1
1.4

3.4
1.4

3.2
1.1

3.2
1 l

3.4
12

3.6
14

3.8
15
90.8

3.8
16

17
18

45.5

46.5

47.6

48.3

49.3

49.8

50.2

49.7

54.1

54.6

55.3

55.7

61.8

62.2

63.1

63.9

77.3

3.3
1.5
78.6

80.2

81.6

87.2

91.1

19

184.3

187.2

189.4

192.9

194.3

207.5

205.3

209.6

213.5

220.9

222.2

225.9

235.9

244.2

238.6

260.2

261.7

262.1

264.5

270.8

281.1

293.5 307.2 318.6

20

97.2

97.1

97.9

97.8

97.9

95.6

94.0

95.1

95.9

94.9

96.4

97.6

103.1

102.8

100.3

102.3

104.1

99.9

100.0

104.0

106.1

108.9 113.6 118.2

21

75.3
30.4
19.5
10.9
44.9

75.6
30.7
19.7
11.0
44.9

77.1
33.2
21.5
11.7
43.9

77.0
32.9
21.1
11.8
44.2

75.8
33.5
21.6
11.9
42.3

72.9
33.3
21.3
12.0
39.6

72.7
33.1
21.0
12.1
39.7

72.7
32.7
20.6
12.1
39.9

72.0
33.9
21.4
12.5
38.1

70.1
33.7
21.0
12.7
36.4

68.9
33.4
20.6
12.8
35.4

70.0
34.2
21.3
12.9
35.8

74.7
35.7
22.7
13.0
39.0

74.4
35.0
21.8
13.2
39.4

71.7
35.1
21.7
13.4
36.7

73.3
36.9
23.0
13.9
36.3

74.0
36.3
22.8
13.5
37.7

73.0
35.9
22.3
13.6
37.1

72.3
35.8
22.2
13.7
36.5

74.2
37.1
22.9
14.2
37.1

74.8
37.0
22.8
14.2
37.8

75.8
36.9
22.5
14.4
38.9

78.4
37.1
22.4
14.7
41.3

80.5
38.9
23.4
15.5
41.6

22
23
24
25
26

21.9
9.7
12.2

21.5
9.7
11.8

20.7
10.2
10.5

20.7
10.3
10.4

22.1
11.4
10.7

22.6
11.6
11.1

21.3
11.6
9.7

22.4
11.7
10.7

23.9
12.7
11.2

24.8
12.9
11.9

27.6
13.1
14.5

27.7
13.2
14.5

28.5
14.0
14.4

28.4
14.2
14.2

28.6
14.4
14.2

29.0
14.9
14.1

30.1
15.4
14.7

27.0
15.5
11.5

27.6
15.6
12.0

29.8
16.2
13.6

31.4
16.7
14.7

33.0
16.9
16.2

35.1
17.3
17.9

37.7
18.1
19.6

27
28
29

51.0

52.7

52.8

53.9

55.8

65.1

65.1

68.2

69.4

76.7

76.9

78.0

80.2

80.2

81.1

91.3

92.3

95.0

96.8

99.2

107.0

114.9 121.2 127.8

30

49.3
1.8

50.2
2.5

50.9
1.9

51.9
2.0

53.7
2.1

63.0
2.1

62.8
2.3

65.9
2.4

67.1
2.3

74.2
2.5

74.2
2.8

75.1
2.8

77.3
2.9

77.4
2.8

78.3
2.8

88.8
2.5

90.2
2.1

91.8
3.2

94.1
2.7

96.6
2.5

111.0 118.0 124.8
3.9 3.2 3.0

31
32

19.1

19.8

20.5

22.0

23.5

24.0

24.8

25.4

27.2

29.1

29.1

30.6

31.6

38.7

34.1

45.7

41.6

40.4

40.1

40.2

104.2
2.8
42.7

12.2

12.6

12.9

13.7

13.8

14.1

14.6

14.5

14.3

13.7

14.0

14.0

14.2

14.3

14.6

15.1

16.3

17.7

19.1

19.8

14.2
13.5
.8

14.7
13.9
.8

15.0
14.2
.8

15.8
15.0
.8

16.2
15.4
.8

16.5
15.5
1.0

17.0
15.9
1.1

16.9
15.7
1.2

16.5
15.2
1.3

16.3
14.7
1.6

16.6
14.5
2.1

16.8
14.5
2.4

16.8
14.3
2.5

17.0
14.4
2.6

17.3
14.6
2.7

17.9
15.0
2.9

19.4
16.0
3.5

20.7
16.8
3.9

21.8
17.8
4.0

22.6
18.6
4.0

2.0

2.1

2.1

2.1

2.4

2.4

2.4

2.4

2.3

2.6

2.6

2.9

2.7

2.7

2.7

2.8

3.2

3.0

2.7

2.8

4.9

5.0

5.4

5.5

5.8

6.6

6.4

6.4

6.7

6.4

5.8

5.9

6.7

8.0

8.5

8.0

7.6

9.0

8.6

7.7

4.4
-.5

4.5
-.4

4.7
-.6

4.7
-.8

4.8
-1.1

4.9
-1.8

4.8
-1.6

5.0
-1.4

4.8
-1.9

4.9
-1.5

4.6
-1.2

4.8
-1.1

5.6
-1.1

6.6
-1.4

7.5
-1.0

7.4
-.6

6.0
-1.6

5.5
-3.5

5.1
-3.5

5.0
-2.7

3.2
-2.1

2.5

-2.1

-.4

.0

.0

.0

.0

.1

.0

-.1

.0

2.1

.1

-.1

.0

.0

.0

- 1 . 1 -12.8 -14.6 - 2 0 . 1 -18.5 -23.8 -23.4 -22.2 -13.4 -20.0 -10.8 -24.9 - 1 0 . 9

-7.4

-4.8

-4.6

-5.3

.0

.0

.0

.0

11.2

12.0

6.7

4.2

7.2
4.0

7.3
4.7

8.8
-2.1

88.6

43.4

44.0

45.4

33

19.9

20.8

21.4

22.0

34

23.0
19.0
4.0

23.8
19.6
4.2

24.5
20.2
4.3

25.0
20.5
4.5

35
36
37

3.1

3.0

3.1

2.9

38

5.3

5.0

5.5

5.1

39

3.2 3.6 3.8
-1.8 -1.9 -1.3

40
41

- . 6 -1.5

.0

42

- 7 . 9 - 8 . 0 -25.5

43

.2
3.2
1.3
4.6 - 1 . 9
-.8
9.7
1.8
3.9
4.3
5.2 - 2 . 4
9.1
9.1
9.3
8.8
11.6
9.0
6.8
.2
4.5
- 4 . 7 -10.8 -14.6 -18.4 -21.4 -23.1 -21.8 -23.6 -21.4 -16.5 -24.3 -16.0 -22.5 - 2 0 . 0 -16.6 -13.8 -13.4 -16.9 -14.7 -12.S -25.7

44
45




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

104

Table 3.3.—Federal Government Receipts and Expenditures:
[Billions of
1946

1947

1948

1949

Line
II

I

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

11.6

8.1

9.7

9.6

14.1

9.3

10.0

9.9

14.4

9.3

10.0

9.5

12.2

8.2

9.6

8.8

7.1
1.3
1.8
1.5

3.0
1.9
1.9
1.5

3.9
2.5
2.0
1.3

3.3
3.0
2.1
1.3

8.2
2.6
1.9
1.5

3.5
2.5
1.8
1.4

4.3
2.6
1.9
1.2

3.7
3.0
2.1
1.0

8.6
2.7
1.9
1.2

3.3
2.9
1.9
1.2

3.8
3.0
* 2.1
1.2

3.2
3.1
2.1
1.0

6.6
2.4
1.9
1.3

2.7
2.3
2.0
1.3

3.8
2.4
2.1
1.2

3.1
2.5
2.1
1.1

10.9

9.8

7.3

8.3

8.9

10.3

10.1

10.2

10.4

10.6

5.8
5.6
.2

4.8
4.3
.6

3.2
2.3
1.0

3.8
2.7
1.1

2.9
2.2
.7

3.3
2.3
1.0

3.1
2.1
1.1

3.3
2.5
.9

3.0
2.4
.7

3.8
2.7
1.1

4.3
2.7
1.6

5.5
2.9
2.6

4.9
3.3
1.7

4.8
3.4
1.4

5.2
3.3
1.9

5.5
3.2
2.3

--

3.3
2.6
.7

3.0
2.4
.7

2.6
2.2
.5

2.4
2.0
.4

2.6
2.1
.5

2.5
2.0
.5

3.2
2.6
.5

2.5
2.1
.4

2.8
2.0
.8

2.8
1.9
.8

2.9
1.8
1.2

2.9
1.9
1.0

3.5
2.2
1.3

3.7
2.2
1.5

3.4
2.1
1.3

3.3
2.2
1.0

13

Grants-in-aid to State and local governments.

.2

.2

.3

.4

.4

.4

.5

.5

.4

.4

.5

.6

.5

.5

.6

.6

14
15
16
17
18

Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by government.
Subsidies less current surplus of government enterprises.
Subsidies
-.
Less: Current surplus of government
enterprises.

.9

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.1

1.1

1.1

1.0

1.1

.6

.7

.1

.1

.2

.3

.1

.0

.1

.2

.1

.2

.2

.2

.1

.1

1

Receipts

2
3
4
5

Personal tax and nontax receipts

7
8
9

Purchases of goods and services
National defense
Nondefense
-

Indirect business tax and nontax accruals.
Contributions for social insurance
FVnAnd i tnr M

10
11
12

19
20
21
22
23

To persons
To foreigners

.

.0

Surplus or deficit ( - ) , national income and product accounts.

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.8

Less: Wage accruals less disbursements..

-1.7

2.4

2.0

7.1

1.7

2.2

2.4

7.0

1.1

1.1

-.8

2.0

-2.0

-.8

-1.9

1956

1957

1958

1959

Line

1
2
3
4
5
Q

7
8
9

I

II

III

IV

I

II

III

IV

20.8

9.3
5.2
2.6
2.9

9.4
5.4
2.8
3.2

18.9

18.3

21.4

22.4

20.0

18.1

19.4

20.5

19.6

19.1

8.7
4.9
2.8
2.4

7.8
5.4
3.1
2.1

9.9
5.3
2.8
3.5

10.4
5.3
3.0
3.7

9.2
5.1
3.0
2.8

8.0
4.8
3.0
2.2

9.5
3.9
2.7
3.4

9.7
4.1
2.9
3.8

9.2
4.6
2.8
2.9

8.4
5.3
3.1
2.3

I

II

III

IV

21.7

25.0

22.1

21.0

9.6
5.1
2.9
4.1

11.0
6.3
3.2
4.6

10.1
5.5
3.1
3.4

9.3
5.5
3.3
2.8

16.9

Expenditures
Purchases of goods and services
National defense
Nondefense

10
11
12

Transfer payments
To persons
To foreigners

13

Orants-in-aifl to State and local crovernments.

14
15
16
17
18

Net interest paid
Interest paid
To persons and business ._

19
20
21

Subsidies less current surplus of government enterprises.
Subsidies
Less: Current surplus of government
enterprises.

22

Less: Wage accruals less disbursements

23

II

20.0

Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance

IV

III

I

._

18.0

17.3

19.7

19.1

19.9

19.8

20.8

20.5

21.7

22.8

24.0

22.2

22.3

22.6

23.9

10.7
9.2
1.4

11.6
10.6
1.0

10.9
9.4
1.4

12.8
11.0
1.8

12.2
10.5
1.7

12.2
11.4
.8

12.2
10.8
1.4

13.3
11.4
1.9

12.4
10.8
1.7

13.2
11.7
1.5

13.3
11.0
2.3

15.0
12.1
2.9

13.1
11.2
2.0

13.5
11.7
1.7

13.1
10.9
2.2

14.2
11.8
2.4

3.8
3.4
.4
7

3.9
3.4
.5

3.9
3.4
.5
9

4.2
3.8
.4

4.6
4.0
.5

4.2
3.8
.4

4.6
4.1
.4

5.2
4.8
.4

5.6
5.1
.5

5.3
4.9
.4

5.3
4.8
.5

5.7
5.2
.5

5.5
5.0
.4

5.3
4.9
.4

5.6
5.1
.5

8

3.7
3.3
.4
9

.9

.9

1.2

1.2

1.1

1.2

1.5

1.8

1.5

1.5

2.1

1.8

1.2

1.3

1.3

1.3

1.4

1.4

1.4

1.4

1.3

1.3

1.3

1.3

1.5

1.5

1.6

1.6

.5

.5

.6

.8

.4

.8

.8

.3

.6

.6

1.0

.6

Less: Interest received by government.

Surplus or deficit ( - ) , national
income and product accounts.

.0

.0

.0

3.1

2.8

1.5

.0

.0

.0

.0

.0

-1.3

2.3

2.5

.2

-2.7

•Revised estimates for 1973 and 1974 will be shown in the September 1976 SURVEV OF
CURRENT BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977
SURVEY OP CURRENT BUSINESS.




.2
-1.1

.5

.4

.5

.7

.2
-.3

.2
-.2

.3
-.2

.5
-.2

.2

-.3

.0

.0

.0

.0

.0

-1.1

-3.2

-4.9

-.5

2.8

-.5

-2.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

105

Quarterly Totals Not Seasonally Adjusted, 1946-74
dollars]
1952

1951

1950

1953

1954

1955
Line

I

II

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

15.7

21.5

16.2

17.4

14.9

19.5

13.9

15.4

14.9

18.2

18.8

18.1

17.3

1

65
4.9
2.8
1.6

11.6
5.0
2.6
2.2

6.1
5.3
2.8
2.0

7.8
5.1
2.8
1.8

6.7
4.0
2.7
1.4

10.7
3.9
2.4
2.5

5.0
4.2
2.5
2.2

6.9
4.2
2.4
1.9

6.3
4.6
2.5
1.6

8.5
4.8
2.4
2.4

8.0
5.4
2.7
2.8

7.9
5.3
2.7
2.3

7.0
5.6
2.8
1.9

2
3
4
5

18.4

19.1

18.8

19.6

18.4

20.3

18.0

17.7

16.4

17.7

16.7

16.4

17.1

18.0

6

13.5
11.5
2.0

14.4
12.4
2.0

14.0
12.1
1.9

14.5
12.7
1.8

13.6
11.6
2.1

15.4
12.2
3.2

12.7
10.8
1.9

12.2
11.0
1.2

11.0
9.2
1.8

12.1
10.1
2.0

10.7
9.3
1.4

10.5
9.9
.6

11.2
9.7
1.5

12.0
9.6
2.5

7
8
9

3.6
3.1
5

10
11
12

I

II

II
I

IV

15.0

20.2

15.4

16.0

5.6
5.4
2.5
1.5

11.1
4.6
2.4
2.2

6.3
4.6
2.6
1.9

7.1
4.5
2.6
1.8

17.1

16.2

17.4
12.7
11.4
1.3

I

II

II
I

IV

I

II

II
I

IV

12.8

10.9

13.2

13.2

19.9

14.7

14.7

6.3
3.0
1.9
1.6

3.3
3.9
2.1
1.6

4.3
4.9
2.6
1.5

4.3
5.3
2.3
1.3

9.6
5.9
2.4
1.9

5.1
5.5
2.2
1.9

5.8
4.9
2.3
1.7

12.0

9.5

8.8

10.6

11.7

13.6

15.4

4.8
3.1
1.7

3.8
3.0
.8

4.3
3.4
1.0

5.8
4.5
1.3

6.9
6.0
1.0

8.6
7.7
.9

10.8
9.4
1.4

12.0
10.5
1.6

11.7
10.4
1.3

5.4
4.4
1.0

3.6
2.6
1.1
5

2.6
1.8
7

2.8
2.0
8

2.8
2.1
.8

3.0
2.1
.9

2.9
2.1
.7

2.9
2.2
.8

2.6
2.1
.4

2.8
2.1
.7

2.8
2.3
.6

2.7
2.3
.4

2.9
2.4
.5

2.9
2.3
.6

2.7
2.3
.4

2.9
2.4
.5

3.2
2.8
.4

3.3
2.9
.4

3.2
2.8
.4

3.5
3.0
.5

3.8
3.2
.6

3.7
3.2
.5

6

.6

.6

.6

.7

.6

.6

.7

.7

.5

.8

.7

.8

.7

7

.8

.8

7

7

3.4
3.0
4
g

I i

I i

I i

11
.

1.1

11
.

1.1

1.1

11
.

1.1

11
.

1.2

1.2

1.1

1.1

1.2

1.2

1.2

1.1

12

11

12

.3

.2

.2

2

.3

.2

.2

.2

.1

2

.2

.2

.2

.1

.1

.2

.3

.3

.2

.3

.4

.3

.3

13
14
15
16
17
18
.4

19
20
21

.0

.0

.0

.0

.0

1.4

4.5

2.6

8.2

.2

1.1

-.2

.0

.0

.0

.0

.0

.0

.0

.0

-.7

.0

.7

-2.1

4.0

-1.9

-2.4

-3.4

2.7

-3.4

-1.0

-5.4

1962

1961

1960

.0

.0

.0

.0

.0

.1

-.1

.0

22

1.6 -3.8

-1.1

-2.8

1.6

2.4

1.0

-.6

23

1963

1964

1965
Line

I

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

I

I
I

II
I

IV

I

II

II
I

IV

I

II

II
I

IV

24.3

27.3

23.3

21.2

22.8

27.7

24.1

23.5

25.7

30.8

25.7

24.1

27.6

32.7

27.8

26.4

28.3

33.1

27.8

25.7

29.9

36.6

29.7

28.1

1

10.5
5.6
3.2
5.0

12.7
5.7
3.6
5.4

10.8
5.2
3.2
4.1

9.7
5.0
3.4
3.1

10.0
4.4
3.1
5.3

13.1
5.4
3.6
5.6

11.2
5.5
3.3
4.1

10.4
6.2
3.7
3.2

11.0
5.1
3.4
6.1

14.7
5.8
3.8
6.4

12.0
5.6
3.5
4.5

10.8
5.9
3.9
3.4

11.8
5.3
3.5
7.0

15.0
6.5
4.1
7.2

12.9
6.2
3.7
5.1

11.8
6.6
4.1
3.9

11.4
6.0
3.6
7.3

14.6
6.8
4.3
7.4

12.0
6.6
3.9
5.3

10.6
6.7
4.4
4.0

11.8
6.5
4.2
7.5

17.0
7.4
4.5
7.7

13.5
7.1
3.7
5.5

11.7
7.9
4.1
4.3

2
3
4
5

22.3

22.5

23.7

24.5

24.5

25.3

25.0

27.1

26.9

27.2

27.0

29.3

28.1

27.3

28.9

29.8

28.9

29.4

29.5

30.3

28.8

29.9

31.7

33.3

6

12.7
10.8
1.9

12.9
11.0
1.9

13.9
11.1
2.8

14.3
11.6
2.7

13.6
11.5
2.0

14.1
12.0
2.1

14.0
11.1
2.9

15.7
12.4
3.3

15.3
12.6
2.7

16.0
13.6
2.4

15.3
11.9
3.4

17.2
13.0
4.2

15.9
12.5
3.4

15.3
12.7
2.6

16.1
12.4
3.8

17.3
12.8
4.5

15.8
12.0
3.8

16.6
13.1
3.6

15.7
11.7
4.0

17.0
12.2
4.8

15.4
11.4
3.9

16.4
12.5
3.9

16.4
11.9
4.5

19.1
13.6
5.5

7
8
9

5.8
5.4
.4

5.8
5.3
.5

5.8
5.3
.5

6.0
5.5
.5

7.0
6.4
.5

6.9
6.3
.5

6.6
6.1
.5

6.6
6.1
.5

7.2
6.6
.6

6.9
6.3
.5

6.7
6.2
.5

6.9
6.4
.5

7.6
7.1
.5

7.2
6.7
.6

7.1
6.5
.5

7.2
6.7
.6

7.8
7.3
.5

7.5
6.9
.6

7.3
6.8
.5

7.4
6.9
.5

8.0
7.5
.5

7.9
7.2
.7

8.4
7.9
.5

8.2
7.7
.5

10
11
12

1.4

1.5

1.9

1.7

1.6

1.7

2.0

2.0

1.8

1.8

2.2

2.2

2.0

2.0

2.6

2.6

2.3

2.4

3.0

2.8

2.4

2.7

3.0

3.0

13

1.8

2.1
2.0
1
.3

1.7
2.0
2.0
1
.3

1.7
2.0
1.9
1
.3

1.6
1.9
1.9
.1
.4

1.6
1.9
1.8
.1
.3

1.5
1.9
1.8
.1
.3

1.6
1.9
1.8
.1
.3

1.5
1.9
1.8
.1
.4

1.7
2.0
1.9
.1
.3

1.6
2.0
2.0
.1
.4

1.8
2.1
2.0
.1
.4

1.7
2.1
2.1
.1
.4

1.8
2.2
2.1
.1
.4

1.8
2.2
2.1
.1
.4

1.9
2.2
2.1
.1
.4

1.8
2.3
2.2
.1
.5

2.0
2.4
2.3
.1
.4

1.9
2.4
2.2
.1
.4

2.0
2.4
2.3
.1
.4

2.0
2.4
2.3
.1
.4

2.1
2.5
2.4
1
.4

2.0
2.5
2.4
1
4

2.1
2.5
2.4
1
4

2.1
2.5
2.4

14
15
16
17
18

.6

.5

.6

.9

.7

1.2

.8

1.3

1.0

.9

1.0

1.3

.8

.9

1.3

.8

1.0

1.0

1.5

1.0

1.0

.8

1.8

1.0

19

.2
-.4

•

II

.2
-.3

.3
-.3

.5
-.3

.2
-.5

.6
-.6

.4
-.4

1.0
-.4

.5
-.5

.3
-.6

.6
-.3

.9
-.4

.4
—.4

.3
-.7

1.0
-.3

.6
-.3

.6
-.4

.3
-.6

1.2
-.3

.7
-.3

.6
-.3

.3
-.5

1.5
-.3

.6
-.4

20
21

.0

.0

.0

22

6.7 -2.0 -5.2

23

.0

.0

.0

.3

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

2.0

4.8

-.5

-3.3

-1.7

2.4

-.9

-3.6

-1.3

3.6

-1.3

-5.3

-.5

5.4

-1.1

-3.5

-.6

3.7

-1.7

-4.6

1.1

i




4

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

106

Table 3.3.—Federal Government Receipts and Expenditures:
[Billions of
1966
I

Line
1
2
3
4
5
6
7
8
9

Receipts
Personal tax and nontax receiDts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance
Expenditures..
Purchases of goods and services
National defense
Nondefense

1967
I

IV

III

II

II

1968
III

IV

I

II

III

IV

33.5

41.4

34.1

32.8

37.2

41.8

37.0

34.5

40.5

48.0

44.6

41.6

13.3
7.5
3.3
9.3

19.0
8.3
4.3
9.8

14.8
7.7
3.8
7.8

14.5
7.9
4.1
6.2

16.1
7.0
3.6
10.4

19.0
7.7
4.2
11.0

17.2
7.2
4.0
8.5

15.1
8.1
4.4
6.8

16.8
8.4
4.1
11.3

22.3
9 4
4.5
11.8

21.6
89
4.5
9.5

19.0
96
4.8
8.2

33.1

34.6

37.9

38.1

39.3

39.6

42.0

42.8

42.3

45.1

46.0

47.1

17.7
13.4
4.3

19.2
15.2
4.0

20.4
15.5
4.9

21.5
16.3
5.2

21.7
17.1
4.5

22.4
18.1
4.3

22.3
17.5
4.8

24.6
18.7
5.8

23.3
18.5
4.8

24.9
20.2
4.7

23.4
18.1
5.3

26.4
20.0
6.4

10
11
12

Transfer payments . . . . .
To persons . . . . .
To foreigners

8.9
8.2
.7

8.6
8.0
.6

8.8
8.3
.5

9.5
9.0
.5

10.6
10.0
.6

10.5
9.9
.6

10.6
10.0
.6

10.6
10.1
.5

11.5
11.0
.5

12.1
11.5
.6

12.1
11.6
.5

12.4
11.8
.6

13

Grants-in-aid to State and local governments.

3.1

3.6

3.9

3.8

3.6

3.5

4.4

4.4

4.1

4.9

4.8

4.8

14
15
16
17
18

Net interest paid
Interest Daid
To persons and business
To foreigners . . .
Less: Interest received by governmentSubsidies less current surplus of government enterprises.
Subsidies
Less: Current surplus of government
enterprises.
Less: Wage accruals less disbursements..

2.3
2.7
2.5
.1
.4

2.2
2.7
2.6
.1
.5

2.3
2.8
2.6
.1
.4

2.4
2.9
2.8
.1
.6

2.6
3.0
2.9
.1
.5

2.4
2.9
2.8
.1
.5

2.4
3.0
2.8
.1
.5

2.5
3.1
3.0
.2
.6

2.8
3.3
3.2
.2
.6

2.8
3.4
3.2
.2
.6

2.9
3.5
3.4
.2
.6

3.0
3.6
3.4
.2
.7

1.1

1.0

2.5

1.0

.9

.8

2.2

.7

.7

.5

2.8

.5

.6
-.5

.4
-.6

2.2
-.3

.9
-.1

.8
-.2

.4
-.4

2.1
-.2

.7
-.1

.6
-.1

.4
- 1

2.7
-.1

.6
.1

19
20
21
22
23

Surplus or deficit ( - ) , national income and product accounts.




.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.4

6.9

-3.8

-5.3

-2.1

2.2

-5.0

-8.3

-1.8

3.0

-1.4

-5.5

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

107

Quarterly Totals Not Seasonally Adjusted, 1946-74—Continued
dollars]
1972

1971

1970

1969

*
197^I

1973*

Line

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

I I IV
I

47.7

56.3

48.9

44.2

47.4

54.4

47.8

42.3

47.8

54.5

50.4

45.9

54.4

62.8

57.3

53.0

62.8

66.8

66.5

61.7

67.0

76.4

76.7 68.4

1

21.3
8.8
4.4
13.1

28.0
9.7
4.9
13.6

24 3
8.7
4.7
11.1

21.1
9.0
4.9
9.1

21.5
7.2
4.5
14.2

26.6
8.1
4.9
14.8

23.7
7.8
4.8
11.5

20.4
7.6
5.0
9.3

19.3
7.7
5.0
15.8

24.1
8.9
5.2
16.3

24.4
8.4
5.0
12.6

22.1
8.6
5.1
10.1

23.5
8.1
4.7
18.1

30.4
9.1
5.1
18.2

28.5
9.1
5.0
14.7

25.9
10.2
5.2
11.7

25.4
9.8
5.1
22.5

27.6
11.3
5.4
22.6

32.0
10.4
5.3
18.7

29.8
11.0
5.4
15.6

27.3
10.2
5.1
24.4

33.8 36.5 33.7
12.0 12.8 11.0
5.5 5.6 5.5
25.0 21.8 18.2

2
3
4
5

45.0

46.6

49.0

47.9

46.9

51.9

53.0

52.4

51.9

55.3

56.6

56.8

58.0

61.6

60.4

64.8

64.5

66.5

66.0

67.9

69.8

75.0

75.2

80.1

6

22.9
17.8
5.1

25.0
18.7
6.3

23.1
17.4
5.7

23.8
18.2
5.6

23.6
16.6
7.0

25.8
18.0
7.8

25.4
18.4
7.0

26.1
19.4
6.7

24.2
17.2
7.0

26.5
18.5
7.9

25.4
18.3
7.1

25.5
19.1
6.4

23.8
17.2
6.7

27.2
18.7
8.5

25.7
18.2
7.4

27.8
19.9
7.9

27.7 30.6
18.9 20.4
8.8 10.2

20.3
19.6
.7

19.6
18.9
.7

22.6
22.0
.6

23.6
23.1
.5

23.9
23.1
.9

23.6
23.0
.6

24.7
24.1
.6

27.5
26.8
.7

29.0 29.7 31.6
27.9 29.0 30.8
10
7
7

7
8
9
10
11
12

23.7
18.2
5.5

24.4
19.7
4.7

24.3
19.2
5.1

25.0
19.1
5.9

23.6
18.2
5.4

24.1
18.8
5.3

13.0
12.6
5

13.4
12.7
7

12.9
12.5
.4

13.3
12.8
.5

14.4
13.8
.5

16.5
15.9
.6

15.9
15.4
.5

16.8
16.3
.6

17.9
17.3
.6

19.4
18.8
.7

18.7
18.1
.6

19.2
18.5

.7

20.7
20.0
.7

4.4

5.1

5.2

5.6

5.4

6.4

6.2

6.4

6.4

7.8

7.2

77
.

7.4

10.3

8.3

11.5

9.9

10.6

9.8

10.2

10.2

11.4

10.7

11.5

13

3.2
3 6
3.4
.2
5

3.1
3.6
3.4
.2
5

3.2
3.7
3.5
.2
5

3.4
4.0
3.8
.2
6

3.6
4.1
3.9
.2
5

3.4
4.0
3.8
.2
.6

3.7
4.2
4.0
.3
.6

3.6
4.3
4.0
.3
.7

3.7
4.2
3.9
.3
.5

3.3
3.9
3.5
.4
.7

3.6
4.2
3.7
.5
.6

3.5
4.3
3.6
.6
.8

3.6
4.2
3.6
.6
.6

3.5
4.2
3.5
.6
.7

3.7
4.3
3.6
.7
.6

3.8
4.5
3.8
.8
.8

4.1
4.8
4.0
.8
.7

4.3
5.1
4.1
1.0
.8

4.8
5.5
4.4
1.0
6

4.9
5.7
4.7
1.0
.8

5.0
5.7
4.8
1.0
7

5.1
5.8
4.8
1.0
g

5.5
6.2
5.1
1.1
7

5.5
6.3
5.2
1.2
3

14
15
16
17

.7

.6

3.3

.6

.6

1.0

4.2

.6

.9

11
.

3.5

.7

.8

1.4

4.6

1.0

1.4

2.1

3.9

.9

1.5

1.7

1.2

.9

19

.6

.4
-.2

3.0
-.3

.6
.0

.3
-.2

.4
-.6

3.7
-.5

.5
—.1

.5
-.4

.6
-.5

3.0
-.5

.8
.0

.5
-.3

.9
-.5

4.3
-.3

1.0
.0

.9
-.5

1.1
-1.0

2.9
-1.0

.6
-.3

.8

.7
-.4

1.0
.1

20
21

-.1

.0

.0

.0

.0

.0

.0

.0

.0

.5

.0

.0

.0

.0

.0

1.0
-.7
-.2

-.4

.7

22

-5.2 -10.1

-4.1

-.8

-6.2 -10.9

-3.6

1.2

-3.1 -11.7

-1.6

.3

.5

-6.2

-2.9

1.4

1.5

-11

23

.0

.0

.0

.0

.6

-.5

2.7

9.7

-.1

-3.7

.6

2.5




-.7

1O

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

108

Table 3.4.—State and Local Government Receipts and Expenditures s Annually,
[Millions of
1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

13,005

15,438

17,705

19,463

21,304

23,445

25,434

27,421

29,049

31,662

34,996

38,476

1,507

1,749

2,053

2,369

2,501

2,790

3,002

3,222

3,506

3,946

4,481

4,968

3
4
5
6

Income taxes
Cstate and sift taxes

409
153

488
177

570
183

718
175

776
182

905
209

1,002
218

1,042
238

1,135
255

1,345
285

1,574
336

1,723
357

Motor vehicle licenses Property taxes

226
155

256
171

288
189

326
211

422
245

453
266

487
287

533
306

585
316

654
302

722
281

7
8
9

Other taxes

69
495

82
575

93
730

102
837

370
227
107
839

108
901

117
946

120
1,048

118
1,159

143
1,272

148
1,467

166
1,719

Line
1
2

10
11
12

Receipts
Personal tax and nontax receipts

- - -

Tuition and related educational
charges.
Hospital and health charges
Fines
Other
462

15

22
23
24
25
26
27
28
29
30

State
General
Gasoline
Liquid
Tobacco
Other 1

. .

604

671

605

770

883

826

809

773

968

1,044

1,019

10,652

12,154

13,317

14,562

15,928

17,407

18,835

19,903

21,551

23,825

25,698

3,508

4,115

4,333

4,801

5,366

5,847

6,264

6,469

7,103

7,989

8,590

2,716
1,051
1,020
427
218

Corporate profits tax accruals
Indirect business tax and nontax accruals.

9,333
2,899

13
14

16
17
18
19
20
21

1957

3,202
1,330
1,176
407
289

3,715
1,584
1,318
439
374

3,882
1,609
1,451
418
404

4,317
1,828
1,625
442
422

4,815
2,118
1,791
462
444

5,220
2,347
1,968
449
456

5,546
2,509
2,100
471
466

5,766
2,557
2,296
455
458

6,324
2,838
2,491
514
481

7,100
3,208
2,788
566
538

7,559
3,512
2,892
567
588

183
-

Nontaxes
Fines
Other

306

400

451

484

551

627

718

703

779

889

1,031

4,836
244

5,346
294

5,938
333

6,642
374

7,143
416

7,696
468

8,385
514

9,096
563

9,673
600

10,448
647

11,453
668

12,609
678

1,033
321

Local
ProDBrtv taxes
Motor vehicle licenses

1,153
351

1,340
428

1,494
474

1,625
577

1,774
624

1,980
681

2,176
736

2,291
870

2,499
854

2,791
924

2,850
971

- --

31

Contributions for social insurance

32

Federal crants-in-aid

33
34
35
36

695

841

944

1,128

1,357

1,553

1,721

1,954

2,077

2,315

2,582

1,738

1,986

2,228

2,343

2,487

2,646

2,834

2,913

3,120

3,331

4,209

Highways

37

595
1,108

Public assistance

Other

-

--

11,114

14,423

17,573

20,188

22,509

23,887

25,481

27,278

30,161

32,936

35,871

39,835

39

Purchases of goods and services

9,931

12,755

15,264

17,982

19,769

21,777

23,217

24,994

27,827

30,551

33,490

37,122

40
41

Compensation of employees
Other

6,195
3,736

7,338
5,417

8,521
6,743

9,442
8,540

10,145
9,624

11,159
10,618

12,252
10,965

13,334
11,660

14,698
13,129

15,838
14,713

17,621
15,869

19,558
17,564

42

Transfer payments to persons

1,723

2,320

2,995

2,982

3,575

3,119

3,342

3,452

3,592

3,815

3,937

4,347

43

Net interest paid

180

108

87

74

68

19

13

7

60

94

83

78

38

Expenditures

44
45
46
47

Interest paid
Less: Interest received by government
By social insurance funds
By other funds -

557
377

550
442

549
462

579
505

623
555

677
658

733
720

810
803

945
885

1,088
994

1,241
1,158

1,399
1,321

48

Subsidies less current surplus of government enterprises.

-720

-760

-773

-850

-903

-1,028

-1,091

-1,175

-1,318

-1,524

-1,639

-1,712

49
50

Subsidies
Less: Current surplus of government
enterprises.

0
720

0
760

0
773

0
850

0
903

0
1,028

0
1,091

0
1,175

0
1,318

0
1,524

0
1,639

0
1,712

51

0

0

0

0

0

0

0

0

0

0

0

0

52

Less: Wage accruals less disbursementsSurplus or deficit (—), national income and product accounts.

1,891

1,015

132

-725

-1,205

-442

-47

143

-1,112

-1,274

-875

-1,359

53
54

Social insurance funds
Other funds

342
1,549

398
617

512
-380

593
-1,318

715
-1,920

865
-1,307

1,002
-1,049

1,089
-946

1,268
-2,380

1,347
-2,621

1,491
-2,366

1,659
-3,018

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OP
CURRENT BUSINESS.




1. Prior to 1958, included in line 25.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

109

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

41,952

46,446

49,882

54,005

58,491

63,228

69,538

75,133

84,820

5,350

6,066

6,710

7,362

8,200

8,837

9,992

10,927

12,781

1,829
366

2,229
401

2,536
483

2,800
559

3,180
584

3,432
644

4,018
738

4,417
793

76^
302

921
506

969
552

983
592

1,026
635

1,065
659

1,129
663

164
1.921

167
1,842
416

173
1,997
471

181
2,247
531

185
2,590
623

258
2,779
726

860
215
351

896
196
434

926
291
499

1,099
363
505

1,162

1,249

1,290

1,502

1,004

1968

1969

1970

1971

1972

1973*

1974*

93,598

107,240

119,678

134,941

152,607

177,430

193,818

209,406

1

14,603

17,434

20,579

23,117

26,398

33,049

36,465

39,760

2

5,422
840

6,292
913

8,061
960

9,993
1,062

11,114
1,082

12,669
1,209

17,460
1,443

19,138
1,509

20,637
1,503

3
4

1,201
689

1,319
689

1,502
796

1,678
869

1,823
965

1,919
1,048

2,096
1,126

2,308
1,211

2,412
1,242

5
6

274
3,170
872

289
3,538
1,048

306
4,205
1,239

1,379
722
325
4,972
1,444

341
5,774
1,683

365
6,612
1,963

423
7,710
2,428

428
9,125
2,893

442
10,482
3,228

466
11,833
3,647

613
13,353
4,116

7
8

1,159
304
590

1,290
353
655

1,446
347
697

1,692
451
823

2,007
587
934

2,409
642
1,040

2,859
667
1,123

3,329
734
1,219

3,998
892
1,342

4,551
1,012
1,691

5,068
1,058
2,060

5,719
1,194
2,324

1C
11
15

1,653

1,844

1,977

2,230

2,454

3,130

3,439

3,664

4,200

4,975

5,714

6,719

13

49,722

53,974

60,848

67,385

74,729

83,058

91,038

98,987

105,587

\4

19,953

21,370

25,074

28,463

31, 493

35,332

39,587

43,796

47,234

I
S

19,426
9,515
5,021
1,077
1,679
2,134

22,873
11,764
5,501
1,177
2,030
2,401

25,694
13,307
5,975
1,310
2,111
2,991

28,128
14,726
6,393
1,493
2,426
3,090

31,367
16,595
6,870
1,620
2,601
3,681

34,991
18, 693
7,578
1,749
2,965
4,006

38,733
20,982
8,279
1,861
3,161
4,450

41,884
23,783
8,120
1,989
3,251
4,741

16
17
18
19
2C
21

27,167

29,284

31,960

34,433

36,951

39,380

42,579

46,096

9,979

11,132

12,156

13,020

14,013

14,975

16,454

18,185

8,900
3,512
2,969
575
639
1,205

9,982
4,059
3,216
626
800
1,281

10,817
4,441
3,397
667
962
1,350

11,588
4,848
3,562
714
1,038
1,426

12,557
5,394
3,792
766
1,100
1,505

13,413
5,788
3,988
831
1,184
1,622

14,522
6,439
4,212
887
1,22$
1,758

16,135
7,326
4,504
947
1,425
1,933

17,955
8,567
4,754
1,012
1,584
2,038

Line

1,079

1,150

1,339

1,432

1,456

1,562

1,932

2,050

1,998

1,944

2,201

2,769

3,365

3,965

4,596

5,063

5,350

22

13,764
673

14,812
721

16,238
765

17,580
783

18,958
820

20, 245
851

21,687
899

23,187
961

24,535
1,031

26,964
1,067

29,861
1,186

32,687
1,270

36,546
1,374

40,258
1,435

42,977
1,533

46,033
1,658

48,101
1,733

23
24

1,675
1,076

1,842
777
282
334
71
90

1,947
854
280
369
65
140

2,032
1,018
360
392
97
169

2,079
1,081
429
381
120
151

2,180
1,129
396
449
101
183

2,273
1,266
431
532
117
186

2,430
1,333
452
519
115
247

2,790
1,413
532
493
151
237

2,990
1,583
642
419
196
326

3,004
1,723
703
434
216
370

3,147
1,818
721
533
223
341

3,371
1,945
761
586
244
354

3,803
2,230
879
663
298
390

4,393
2,548
993
750
338
467

4,717
2,783
1,082
800
353
548

5,452
3,067
1,156
858
381
672

25
26
27
28
29
30

2,790

3,086

3,437

3,675

3,859

4,217

4,690

5,012

5,703

6,655

7,241

7,929

8,984

9,940

10,840

12,078

13,470

31

15,912

18,587

20,346

24,447

29,011

37,528

40,574

43,870

32

5,641

6,848

6,526

7,245

7,979

9,141

10,433

11,121

14,384

1,856

2,024

2,084

2,348

2,585

2,830

3,066

3,360

3,876

4,685

5,637

6,725

8,411

10,675

14,084
2,617

11,917
7,051

12,735
6,156

33
34

2,253
299

3,016
342

2,462
370

2,670
394

2,876
426

3,425
448

3,891
517

3,822
698

4,112
2,384

3,851
2,473

4,227
2,820

3,943
2,799

4,456
3,259

4,784
3,506

4,513
3,912

4,177
3,363

4,575
3,823

35
36

1,233

1,466

1,610

1,833

2,092

2,438

2,959

3,241

4,012

4,903

5,903

6,879

8,321

10,046

12,402

14,066

16,581

37

44,306

46,889

49,822

54,373

58,028

62,767

68,540

75,137

84,318

94,655

106,909

117,551

132,172

148,924

163,683

180,920

201,289

38

41,136

43,696

46,548

50,786

54,296

59,030

64,592

71,082

79,833

89,264

100,708

110,416

123,221

137,514

150,979

167,965

189,393

39

21,578
19,558

23,133
20,563

25,470
21,078

27,934
22,852

30,243
24,053

32,857
26,173

35,873
28,719

39,294
31,788

44,115
35,718

49,530
39,734

55,906
44,802

69,964
53,257

78,486
59,028

87,312
63,667

97,191
70,774

106,433
82,960

40
41

4,791

5,092

5,404

5,802

6,039

6,408

6,900

7,317

8,147

9,378

10,585

61,939
48,477
12,111

14,563

17,205

18,916

20,297

20,019

42

128

126

63

113

146

83

-104

-296

-660

-932

-1,221

-1,628

-2,012

-1,820

-2,145

-2,852

-3,585

43

1,566
1,438
490
948

1,782
1,656
617
1,039

2,052
1,989
728
1,261

2,248
2,135
846
1,289

2,467
2,321
958
1,363

2,675
2,592
1,072
1,520

2,920
3,024
1,246
1,778

3,141
3,437
1,345
2,092

3,441
4,101
1,607
2,494

3,751
4,683
1,916
2,767

4,147
5,368
2,190
3,178

4,763
6,391
2,417
3,974

5,513
7,525
2,818
4,707

6,425
8,245
3,355
4,890

6,928
9,073
3,824
5,249

8,329
11,181
4,224
6,957

9,395
12,980
4,556
8,424

-1,749

-2,025

-2,193

-2,328

-2,453

-2,754

-2,848

-2,966

-3,002

-3,055

-3,163

-3,348

-3,600

-3,805

-4,217

-4,510

-4,538

44
45
4e
47
48

0
1,749

0
2,025

0
2,193

0
2,328

0
2,453

12
2,766

10
2,858

18
2,984

24
3,026

26
3,081

27
3,190

25
3,373

24
3,624

34
3,839

53
4,270

81
4,591

114
4,652

49
5C

0

0

0

0

0

0

0

0

0

0

0

0

0

170

-150

-20

0

51

-2,354

-443

60

-368

463

461

998

-4

502

-1,057

331

2,127

2,769

3,683

13,747

12,898

8,117

55

1,756
—4,110

2,021
-2,464

2,294
-2,234

2,449
-2,817

2,583
-2,120

2,813
-2,352

3,191
-2,193

3,434
-3,438

3,978
-3,476

4,795
-5,852

5,344
-5,013

5,856
-3,729

6,754
-3,985

7,491
-3,808

8,133
5,614

8,844
4,054

9,771
-1,654

55
54




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

110

Table 3.4.—State and Local Government Receipts and Expenditures: Annually, 1946-74,
[Billions of
1946
Line

1
2

I

II

IV

III

I

II

III

IV

I

II

III

IV

12.6

13.3

13.9

14.6

15.2

15.7

16.3

16.9

17.5

18.0

18.4

18.8

19.0

19.9

20.0

1.5

1.5

1.5

1.5

1.7

1.7

1.8

1.8

2.0

2.0

2.1

2.1

2.3

2.4

2.4

2.4

Motor vehicle licenses
Property taxes..

7
8
9

I

1949

Income taxes
Estate and gift taxes

5
6

IV

III

1948

12.2

Receipts
Personal tax and nontax receipts

3
4

II

1947

Other taxes

10
11
12

Tuition and related educational
charges..
Hospital and health charges
Fines
_

!

13

Corporate profits tax accurals

.3

.4

.5

.6

.6

.6

.6

.6

.7

.7

.7

.7

.7

.6

.6

.6

14

Indirect business tax and nontax accruals .

8.9

9.2

9.5

9.7

10.0

10.4

10.8

11.3

11.7

12.0

12.4

12.6

12.9

13.2

13.5

13.8

15

Sales taxes

16
17
18
19
20
21

State.
General
Gasoline

22

Local

23
24
25
26
27
28
29
30

1

Tobacco...
Other l

Motor vehicle licenses
Other taxes
Nontaxes
Rents and royalties

. ..

Fines
Contributions for social insurance

32

Federal grants-in-aid

33
34

Public assistance . .
General revenue sharing.

35
36

Education

37

.

.5

.6

.6

.6

.7

.7

.7

.7

.8

.8

.9

.9

.9

.9

1.0

1.0

1.0

31

.9

1.2

1.4

1.6

1.8

1.8

1.8

1.8

1.9

2.1

2.2

2.1

2.0

2.5

2.3

.

Other .

..
i
10.0

10.5

11.5

12.3

13.3

13.9

14.9

15.5

16.5

17.2

18.0

18.3

18.9

19.8

20.7

21.1

39

Purchases of goods and services

8.9

9.4

10.2

11.1

12.0

12.4

12.9

13.6

14.0

14.8

15.7

16.3

16.9

17.7

18.5

18.7

40
41

5.8
3.1

6.0
3.4

6.3
3.9

6.7
4.4

7.0
5.0

7.2
5.2

7.4
5.5

7.8
5.8

8.0
6.0

8.3
6.5

8.7
7.0

9.1
7.3

9.2

9.3
8.4

9.6

9.7
9.0

42

Compensation of employees
Other
Transfer payments to persons

1.6

1.6

1.9

22

2.6

2.6

3.1

3.1

3.0

2.7

Net interest paid

1.9
o

1.8

43

.1

.1

.1

.1

.1

.1

.1

-.8

-.8

-.8

-.8

-.8

-.8

-.8

-.8

g

-.8

-.9

—.9

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.8

.0
.9

.0
.9

.0

38

Expenditures

0

.1

.1

44
45
46
47

Interest paid
Less: Interest received by government By social insurance funds
By other funds

48

Subsidies less current surplus of government enterprises.

-.7

49
50

Subsidies
Less: Current surplus of government
enterprises.

.0
.7

51

Less: Wage accruals less disbursementsSurplus or deficit (—), national income and product accounts.

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

52

2.2

2.1

1.8

1.6

1.3

1.3

.8

.8

.4

.2

.0

.1

53
54

Social insurance funds




7.7
2.8
.1

2.9
.1

8.9
3.0
.1

3.2
.1

1

-.7
.0
.7

-.7
.0
.7

-.7 i
.0
.7

.0

.0

.0

-.8

-.8

-1.1

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

111

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]

I

I
I

in

IV

22.0

23.1

23.1

23.4

24.1

2.5

2.7

2.8

2.8

2.9

I

II

II
I

IV

20.5

21.0

21.8

2.5

2.5

2.5

1953

1952

1951

1950

n

III

IV

24.5

25.0

25.8

3.0

3.0

3.0

I

1954

1955

I

I
I

in

IV

27.9

28.4

28.7

29.3

29.8

3.3

3.4

3.5

3.5

3.6

I

II

II
I

IV

26.4

26.3

27.8

27.7

3.0

3.1

3.2

3.3

I

Line

II

III IV

30.5

31.2

32.2

32.8

1

3.8

3.9

4.0

4.1

2
3
4
5
7
8
9
10
11
12

.6
14.0

.7
14.3

.9

.9

1.0

.9

.8

.8

.8

.8

.8

.9

.9

.9

.8

.7

.7

.7

.8

.8

.9

1.0

1.0

1.0

13

14.9

15.0

15.6

15.6

16.0

16.4

16.7

17.2

17.6

18.1

18.4

18.7

19.0

19.3

19.5

19.7

20.0

20.4

20.8

21.2

21.8

22.4

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

1.0
2.4

1i

2.4

1 2

2.3

1.2
2.3

1.3
2.5

1 3

2.5

1.4
2.4

1.4
2.6

1.5
2.5

1.5
2.5

1.6

1.6

2.8

2.8

1.6

1.7

1.7

1.8

1.9

1.9

2.0

2.0

2.0

2,1

2.1

2.1

31

2.3

3.4

2.8

2.9

2.9

2.8

3.0

2.9

3.0

3.1

3.3

3.2

32
33
34
35
36
37

21.8

22.7

22.6

22.9

23.2

23.7

24.2

24.4

24.8

25.7

25.4

26.0

26.8

26.8

27.5

28.0

29.0

29.7

30.7

31.1

32.2

32.8

33.1

33.6

38

19.1

19.4

20.0

20.5

20.9

21.6

22.1

22.4

22.6

23.3

23.1

23.8

24.5

24.4

25.1

25.8

26.7

27.4

28.4

28.7

29.8

30.3

30.7

31.3

39

9.8
9.3

10.0
9.4

10.3
9.7

10.5
10.0

10.7
10.2

10.9
10.7

11.3
10.8

11.6
10.7

11.8
10.8

12.0
11.3

12.4
10.7

12.7
11.0

13.0
11.5

13.2
11.2

13.4
11.8

13.7
12.1

14.1
12.6

14.5
12.9

15.0
13.4

15.2
13.4

15.4
14.4

15.7
14.7

15.9
14.8

16.4
14.9

40
41

3.5

4.1

3.4

3.3

3.2

3.1

3.1

3.1

3.2

3.4

3.3

3.4

3.4

3.5

3.6

3.4

3.5

3.6

3.6

3.7

3.7

3.9

3.8

3.8

42

.1

.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.1

.1

.1

.1

.1

.1

.1

43

.1

.1

.0

.0

.0

.0

44
45
46
47
-.9

-.9

-.9

-.9

-1.0

-1.0

-1.0

-1.1

-1.1

-1.1

-1 1

-1.1

-1.1

-1.2

-1.2

-1.2

-1.3

-1.3

-1.3

-1.4

-1.4

-1.5

.0
.9

.0
.9

.0
.9

.0
.9

.0
1.0

.0
1.0

.0
1.0

.0
1.1

.0
1.1

.0
1.1

.0
1.1

.0
1.1

.0
1.1

.0
1.2

.0
1.2

.0
1.2

.0
1.3

.0
1.3

.0
1.3

.0
1.4

.0
1.4

.0
1.5

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

-.6

-.8

-.3

-.3

-.6

.4

.4

-.4

1.0

.2

-.1

-.6

-1.0

-1.4

-1.3

-1.6

.0

.0

.0

.0

.0

-1.4

-1.7

-.8

-.9

.0




-1.6 -1.6

48

.0
1.6

.0
1.6

.0

.0

.0

51

-1.6

-.9

-.9

52

49
50

53
54

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

112

Table 3.4.—State and Local Government Receipts and Expenditures: Annually, 1946-74,
[Billions of
1956

1957

1958

1959

Line
I
1
2

II

III

33.7

34.6

35.5

4.4

4.4

4.5

I

II

III

36.2

37.7

38.1

4.6

4.8

4.9

3
4

Motor vehicle licenses
Property taxes

I

II

III

IV

I

II

III

IV

38.8

39.3

40.1

41.3

42.0

44.4

45.0

45.3

47.7

47.8

5.0

5.1

5.2

5.3

5.4

5.5

5.8

5.9

6.2

6.3

1.8

1.8

1.8

2.0

2.1

2.4

2.4

1.6

1.6

1.6

1.6

1.9

2.0

2.0

2.0

1.9

2.0

1.8

1.8

1.9

1.9

Estate and gift taxes

5
6

IV

1.8

Receipts
Personal tax and nontax receipts

IV

7
8
9
10
11
12

.....

Indirect business tax and nontax accruals.

15

1.0

1.1

1.0

1.1

1.1

1.0

1.0

.9

.9

.9

1.0

1.2

1.2

1.3

1.1

1.1

23.6

24.1

24.6

25.1

25.6

25.9

26.1

26.4

26.8

27.4

28.1

28.4

28.7

29.7

30.4

9.8

10.0

10.3

10.7

10.9

11.4

11.5

13.4

Corporate profits tax accruals

14

23.0

9.8

13

16
17
18
19
20
21

1.8

Tuition and related educational
charges.
Hospital and health charges
Fines
Other

13.6

13.9

14.2

14.4

14.5

14.9

15.4

3.3

3.3

3.5

3.6

3.3

3.3

3.4

3.4

Sales taxes
State
Gasoline
Liquor

-

Other 1

22
23
24
25
26
27
28
29
30

r

Other taxes

31

Contributions for social insurance

2.2

2.3

2.4

2.4

2.5

2.6

2.6

2.7

2.7

2.8

2.8

2.9

3.0

3.1

3.1

3.2

32

Federal grants-in-aid.

3.1

3.3

3.5

3.5

4.2

4.0

4.2

4.5

4.8

5.6

5.4

6.8

6.7

6.4

7.5

6.8

33
34

General revenue sharing

35
36
37

Other
34.7

35.5

36.2

37.0

38.5

39.4

40.2

41.3

42.6

43.7

44.9

46.0

46.7

47.0

47.0

46.9

39

Purchases of goods and services

32.3

33.1

33.9

34.6

35.9

36.7

37.5

38.5

39.5

40.6

41.7

42.7

43.6

43.7

43.8

43.7

40
41

Compensation of employees
Other

16.9
15.5

17.3
15.8

17.9
16.0

18.4
16.2

18.8
17.1

19.3
17.4

19.8
17.6

20.3
18.1

20.8
18.7

21.4
19.2

21.8
19.9

22.2
20.5

22.6
20.9

22.9
20.8

23.3
20.5

23.7
20.0

42

Transfer payments to persons

3.9

3.9

3.9

4.1

4.2

4.3

4.4

4.5

4.7

4.8

4.8

4.9

5.0

5.1

5.1

5.2

43

Net interest paid

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.2

.2

.1

.1

.1

.2

1.6
1.4

1.4
1.3

1.5
1.3

1.9
1.7

1.7
1.6

1.7
1.6

1.8
1.7

1.9
1.7

38

44
45
46
47
48

Less: Interest received by government..

Subsidies less current surplus of government enterprises.

49
50

Subsidies
Less: Current surplus of government
enterprises.

51

Less: Wage accruals less disbursements. -

52
53
54

Surplus or deficit (—), national income and product accounts.
Other funds




-1.6

-1.6

-1.7

-1.7

-1.7

-1.7

-1.7

-1.7

-1.7

-1.7

-1.8

-1.8

-1.9

-2.0

-2.1

-2.1

.0
1.6

.0
1.6

.0

.0

.0

.0

.0

.0

.0

.0
1.7

,0
1.8

.0
1.8

.0
1.9

.0
2.0

.0
2.1

.0
2.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

-1.0

-.9

-.7

-.9

-.7

-1.3

-1.4

-2.0

-2.5

-2.4

-2.9

-1.7

-1.7

-1.6

.7

.9

1.7
-4.2

1.6
-3.9

1.8
-4.7

1.9
-3.6

2.0
-3.8

2.0
-3.6

2.0
-1.4

2.1
-1.1

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

113

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1962

1961

1960

1964

1963

1965
Line

II

III

IV

57.1

58.0

58.9

7.9

8.1

8.3

3.0

3.1

3.1

2.3

2.3

2.3

2.3

2.4

2.5

I

II

III

IV

I

II

III

IV

48.3

49.6

50.5

51.1

52.5

53.3

54.5

55.7

6.5

6.7

6.8

6.9

7.0

7.2

7.5

7.7

2.5

2.5

2.6

2.6

2.6

2.7

2.9

2.1

2.2

2.2

2.3

2.3

2.3

1.9

2.0

2.0

2.1

2.1

2.2

I

I

II

III

IV

60.0

61.0

62.3

64.1

8.5

8.6

8.7

8.9

3.2

3.3

3.3

3.3

2.4

2.5

2.5

2.6

2.6

2.6

2.7

2.7

I

II

III

IV

I

II

III

IV

65.6

67.2

68.8

70.5

71.6

72.6

74.2

75.9

77.7

1

9.1

9.4

9.8

10.2

10.5

10.7

10.8

11.0

11.2

2

3.5

3.6

3.7

4.0

4.1

4.2

4.3

4.4

4.4

4.5

3
4

2.6

2.6

2.7

2.7

2.8

2.8

2.9

2.9

3.0

3.0

3.0

5
6

2.8

2.8

2.8

2.9

3.1

3.3

3.4

3.5

3.5

3.5

3.6

7
8
9
10
11
12

1.4

1.3

1.2

1.1

1.1

1.2

1.3

1.5

1.5

1.5

1.5

1.5

1.5

1.7

1.7

1.7

1.8

1.8

1.9

1.8

1.9

1.9

2.0

2.1

13

30.9

31.7

32.3

33.0

33.5

34.1

34.7

35.5

36.2

36.7

37.2

37.7

38.2

38.9

39.8

40.5

41.4

42,1

43.2

43.7

44.6

45.5

46.6

47.7

14

11.8

12.1

12.3

12.4

12.6

12.8

13.2

13.6

13.9

13.9

14.0

14.2

14.3

14.7

15.3

15.6

16.1

16.3

16.7

16.7

17.2

17.8

18.5

19.2

15
16
17
18
19
20
21
22

15.6

1
"

16.0

16.5

16.9

17.2

17.5

17.7

3.5

3.6

3.6

3.7

3.8

3.9

18.0

18.3

18.7

3.9

3.9

4.0

19.2
4.0

19.6
4.0

19.9
4.1

20.1

20.4

4.1

4.2

20.6
4.2

21.0

21.4

4.3

4.4

21.9
4.5

22.4

22.8

23.1

23.3

4.6

4.6

4.7

4.8

23.6
4.8

f

23
24

is
28

29
30
3.3

3.4

3.5

3.5

3.6

3.6

3.7

3.8

3.8

3.8

3.9

4.0

4.1

4.2

4.3

4.4

4.5

4.7

4.7

4.8

4.9

4.9

5.1

5.2

6.2

6.6

6.7

6.6

7.2

7.2

7.3

7.4

7.8

7.9

7.9

8.3

8.5

8.8

9.4

9.9

10.1

10.4

10.5

10.7

10.5

11.0

11.3

11.6

31

32
33
34
35
36
37

48.1

49.5

50.5

51.2

44.9

46.2

47.2

47.9

57.0

57.5

52.7

53.1

53.8

28.9
23.9

29.5
23.6

53.2

53.4

54.4

56.4

49.7

49.9

50.8

59.3

60.8

54.7

55.6

57.1

30.0
23.8

30.4
24.2

31.1
24.5

31.9
25.2

58.3

61.7

66.3

68.2

61.2

62.4

33.9
27.3

34.8
27.7

63.5

65.1

58.0

59.8

32.5
25.6

33.1
26.6

69.2

70.3

64.2

65.3

66.4

67.8

69.9

35.5
28.7

36.2

37.0
29.4

37.8
29.9

38.7
31.2

71.7

73.8

76.7

78.3

38

72.5

74.1

39

39.8
32.7

40.8
33.4

40
41
42

24.6
20.3

25.2
21.0

25.8
21.4

26.3
21.5

27.0
22.7

27.6
22.3

28.3
22.5

5.3

5.3

5.5

5.6

5.7

5.8

5.8

5.9

6.0

6.0

6.0

6.1

6.2

6.3

6.5

6.6

6.7

6.9

6.9

7.1

7.2

7.3

7.4

7.5

1

.1

1

.0

.1

.1

.1

.2

.2

.1

.1

.2

.2

.1

.0

.1

.0

.0

—.1

—.2

—.2

—.3

—.3

—.4

43

2.1
2.0

2.1
2.1

2.0
1.9

2.0
1.9

2.0
1.9

2.2
2.1

2.3
2.2

2.4
2.3

2.5
2.3

2.4
2.3

2.5
2.4

2.5
2.3

2.5
2.4

2.6
2.5

2.7
2.7

2.9
2.8

2.9
2.9

3.0
3.1

2.8
3.0

2.9
3.1

3.0
3.3

3.2
3.5

3.2
3.4

3.2
3.6

44
45
46
47

-2.1

-2.2

-2.2

-2.2

-2.3

-2.3

-2.3

-2.4

-2.4

-2.4

-2.4

-2.6

-2.7

-2.7

-2.8

-2.8

-2.8

-2.8

-2.9

-3.0

-3.0

-3.0

-2.9 -3.0

48

.0
2.1

.0
2.2

.0
2.2

.0
2.2

.0
2.3

.0
2.3

.0
2.3

.0
2.4

.0
2.4

.0
2.4

.0
2.4

.0
2.6

.0
2.7

.0
2.7

.0
2.8

.0
2.8

.0
2.8

.0
2.8

.0
2.9

.0
3.0

.0
3.0

.0
3.0

•o.

29.1

.0
3.0

.0
3.0

49
50

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

51

.2

.2

.0

-.1

-.8

-.1

.1

-.7

.1

.5

.6

.7

.2

.5

.6

.5

.9

.6

1.3

1.2

.9

.4

-.8

-.6

52

2.2
-2.0

2.3
-2.1

2.3
-2.3

2.3
-2.5

2.4
-3.1

2.4
-2.5

2.5
-2.4

2.5
-3.2

2.5
-2.4

2.5
-2.1

2.6
-2.1

2.6
-1.9

2.7
-2.5

2.8
-2.2

2.9
-2.3

3.0
-2.4

3.1
-2.2

&2
-2.6

3.2
-1.9

3.3
-2.0

3.3
-2.4

3.4
3.4 3.6
-3.0 -4.2 - 4 . 1

53
54




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

114

Table 3.4.—State and Local Government Receipts and Expenditures: Annually, 1946-74,
[Billions of
1966
Line

II

III

IV

I

II

III

IV

88.2

90.1

91.0

94.7

98.6

102.4

106.1

108.8

111.6

13.2

13.9

14.2

14.3

14.7

15.2

16.2

17.0

17.9

18.7

5.2

5.6

6.0

6.1

6.1

6.4

6.6

7.4

7.8

8.3

8.7

3.1

3.2

3.3

3.3

3.3

3.4

3.4

3.5

3.6

3.6

3.7

3.8

Other taxes
Nontaxes
Tuition and related educational
charges.
Hospital and health charges
Fines
Other

86.3

12.4

3.0

7
g
9

83.8

4.8

Tncvmift tftXM

4.1

4.3

4.6

4.8

4.9

5.0

5.1

5.4

5.6

5.9

6 2

Estate and eift taxes
Motor vehicle licenses

2.3

22

2.4

2.4

2.4

2.6

3.1

3.1

3.1

3.2

51.1

51.8

52.9

54.8

56.5

58.2

60.0

61.8

63.3

19.7

20.2

20.4

20.4

20.7

21.8

22.7

23.6

24.6

25.6

26.4

24.3

24.7

25.2

25.8

26.6

27.3

28.1

28.8

29.5

30.2

30.9

5.3

5.5

5.6

5.6

5.7

5.7

5.8

5.9

5.9

6.1

5.4

5.6

5.8

6.1

6.3

6.6

6.8

6.9

7.1

7.2

7.3

7.4

13.3

14.4

14.9

15.0

15.3

14.9

16.0

17.5

17.8

18.8

18.8

18.9

80.5

82.9

85.2

88.7

91.5

93.5

95.3

98.3

102.6

105.8

107.9

111.4

76.2

78.5

80.6

84.0

86.6

88.2

89.8

92.5

96.7

99.6

101.6

104.9

42.1
34.2

State
General
Gasoline.
Liquor...

2.2

50.2

5.1

Sales taxes

16
17
18
19
20
21

2.2

49.2

23.9

Corporate profits tax accruals
Indirect business tax and nontax accruals.

2.3

48.4
19.5

13
14
15

I

11.7

Personal tax and nontax receiots

3
4
5

10
11
12

IV

III

1968

81.0

1
2

II

I

1967

43.3
35.2

44.8
35.8

46.3
37.7

47.4
39.1

48.7
39.5

50.3
39.5

51.7
40.8

53.6
43.2

55.1
44.4

58.2
46 8

7.7

8.0

8.3

8.6

8.9

9.2

9.5

9.9

10.1

10.4

56.7
44.8
10.8

-.9

-.8

-1.0

-1.0

-1.1

-1.1

-1.3

-1.4

Local

23
24
25
26
27
28
29
30

-

Other*

Motor vehicle licenses

1

Rents and royalties
Special assessments..
Fines
Other

31

Contributions for social insurance

32

Federal grants-in-aid

33
34

--

Public assistance
General revenue sharing

35
36
37
38
39

Other
Expenditures
Purchases of coods and services

40
41
42
43
44
45
46
47

Transfer Davments to Dersons

-

11.1

-.5

Net interest paid
Less: Interest received by government.
By social insurance funds
By other funds

-.6

-.7

-.8

3.3
3.9

3.4
4.0

3.5
4.2

3.5
4.3

3.4
4.2

3.4
4.2

3.9
4.9

4.3
5.3

4.4
5.5

4.6
5.7

3.9
5.1

3.8
5.2

48

Subsidies less current surplus of government enterprises.

-2.9

-3.0

-3.0

-3.1

-3.1

-3.1

-3.0

-3.1

-3.1

-3.1

-3.2

-3.2

49
50

Subsidies
Less: Current surplus of government
enterprises.

.0
3.0

.0
3.0

.0
3.0

.0
3.1

.0
3.1

.0
3.1

.0
3.0

.0
3.1

.0
3.1

.0
3.1

.0
3.2

.0
3.3

51

Less: Wage accruals less disbursements..

52
53
54

Surplus or deficit ( - ) , national
income and product accounts.
Social insurance funds
Other funds




. .

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.5

.9

1.1

-.5

-1.4

-2.5

-.6

.3

-.2

.4

.9

.2

3.7
-3.2

3.8
-2.9

4.1
-3.0

4.3
-4.8

4.4
-5.8

4.5
-7.0

5.0
-5.6

5.3
-5.0

5.3
-5.6

5.6
-5.2

5.2
-4.3

5.2
-5.0

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

115

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1972

1971

1970

1969

1973*

1974*
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

114.3

117.6

121.4

125.4

129.9

133.4

137.0

139.5

145.5

151.1

154.4

159.4

165.5

177.2

175.5

191.5

190.3

192.1

195.2

197.6

201.9

19.4

20.1

21.2

21.7

22.3

22.9

23.4

23.9

24.9

26.1

26.6

28.0

30.7

33.0

33.7

34.8

34.7

35.7

37.2

38.3

37.9

38.9

40.7

41.5

2

9.1

9.6

10.5

10.7

11.0

11.1

11.2

11.2

11.8

12.6

12.7

13.7

15.9

17.7

17.8

18.4

17.8

18.7

19.6

20.4

19.6

20.1

21.3

21.6

3
4

3.8

3.9

40

41

42

43

43

44

45

46

47

4.7

48

5.0

5.2

5.4

5.5

5.4

5.5

5.6

5.6

5.7

5.8

6.0

5
6

6.4

6.5

6.7

6.8

7.1

7.5

7.9

8.3

8.7

9.0

9.3

9.6

9.9

10.3

10.7

11.0

11.4

11.7

12.0

12.3

12.7

13.1

13.6

14.0

7
8
9

II

III

IV

207.3 213.5 214.9

1

10
11
12
3.6

3.5

3.3

3.3

3.7

3.7

3.8

3.5

4.0

41

4.3

4.4

47

4.8

5.0

5.5

5.7

5.8

5.6

5.7

6.3

64.6

66.4

68.3

70.2

71.8

73.9

75.8

77.3

79.9

81.9

84.3

86.2

87.9

90.0

91.9

94.3

96.8

98.3

100.1

100.8

102.1

27.0

28.0

29.0

29.9

30.5

31.3

32.0

32.2

33.5

345

36.1

37.2

37.9

39.0

40.0

41.5

42.9

43.3

44.7

443

44.6

6.7

7.6

6.3

13

104 9 107.6 107.8

14

46.9

48.8

48.7

15
16
17
18
19
20
21
22

31.6

32.3

33.0

33.9

34.9

36.0

37.1

38.2

39.1

39.9

40.7

41.3

42.0

42.6

43.3

440

44.9

45.9

46.3

47.1

47.7

47.9

48.2

48.6

6.1

6.2

6.3

6.4

6.5

6.6

6.8

6.9

7.3

7.4

7.6

7.6

8.0

8.3

8.6

8.9

9.0

9.1

9.2

9.4

9.8

10.1

10.5

10.6

23

1»
I 26

7.6

7.8

8.1

8.3

8.6

8.9

9.1

9.3

9.6

9.8

10.1

10.3

10.5

10.7

10.9

11.2

11.5

11.9

12.3

12.6

12.9

13.3

19.1

19.8

20.5

22.0

23.5

24.0

24.8

25.4

27.2

29.1

29.1

30.6

31.6

38.7

34.1

45.7

41.6

40.4

40.1

40.2

42.7

43.4

13.7

14.0

44.0 45.4

27
28
29
30
31

32
33
34
35
36
37

113.6

116.6

118.6

121.4

125.6

129.5

134.6

139.0

143.9

147.9

150.1

153.8

158.9

160.8

165.3

169.7

174.4

178.9

182.8

107.0

109.7

111.4

113.6

117.4

121.0

125.4

129.1

132.9

136.2

139.0

142.0

145.9

148.4

152.7

157.0

161.6

165.8

170.0

174 5

59.5
47.5

60.9
48.7

62.8
48.6

64.6
49.1

67.0
60.4

69.1
61.9

71.0
54.4

72.8
56.4

75.6
57.3

77.6
58.6

79.6
59.4

81.2
60.8

83.8
62.1

86.0
62.4

88.6
64.1

90.9
66.1

93.6
68.0

96.3
69.5

98.5
71.5

100.4
74.1

11.5

11.8

12.3

12.8

13.4

14.2

14.9

15.7

16.3

17.0

17.5

18.0

18.2

18.7

19.2

19.5

19.8

20.1

20.4

20.9

-1.9

-1.8

-2.0

-2.4

-2.4

-2.6

-2.5

-3.0

-3.4

187.5

192.6

199.1 204.5 209.0

38

181.4

187.6 192.3 196.3

39

102.9
78.5

40
41

19.3

105.2 107.6 110.0
82.4 84.7 86.3
19.7 20.4 20.7

-3.7

-3.7 -3.6 -3.3

43

-1.6

-1.6

-1.7

-1.6

-1.7

-2.1

-2.0

-2.2

-1.5

-1.5

-2.3

4.3
5.9

4.5
6.1

4.8
6.6

5.3

5.6

5.6

5.5

5.4

5.1
6.7

6.3
7.7

7.3
9.6

7.1
9.0

6.8
8.5

6.8
8.8

6.8
9.2

7.4
9.8

8.2
10.7

8.4
10.9

8.5
11.4

8.3
11.6

8.4
12.1

-3.3

-3.3

-3.4

-3.4

-3.5

-3.6

-3.7

-3.6

-3.7'

-3.8

-3.8

-3.9

-4.1

-43

-4.2

-4.4

-4.5

-4.5

-4.6

-4.4

-4.3

.0
3.3

.0
3.3

.0
3.4

.0
3.4

.0
3.5

.0
3.6

.0
3.7

.0
3.7

.0
3.8

.0
3.8

.0
3.8

.0
4.0

.0
4.1

.1
4.3

.1
4.2

.1
4.4

.1
4.5

.1
4.6

.1
4.7

.1
4.5

.1
4.4

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.3

.4

-.6

-.1

.0

.0

.0

-.1

.0

.0

.0

.0

.5

1.6

3.2

4.2

5.6

6.6

16.3

10.3

21.8

15.9

13.2

12.4

10.1

9.4

8.2

6.9
-6.4

6.6
-5.0

7.3
-4.0

8.2
-4.0

7.8
-2.2

7.9
-1.3

8.0
8.3

8.2
2.1

8.4
13.4

8.6
7.3

8.8
44

8.9
3.6

9.1
1.0

9.3
.1

9.6
-1.4

.7

1.0

2.8

4.0

4.3

3.9

2.4

5.5
-4.8

5.7
-4.7

6.0
-3.2

6.2
-2.3

6.5
-2.2

6.7
-2.8

6.8
-4.5




9.6
13.4

9.7
13.3

42

9.9
13.2

44
45
46
47

-4.5 -4.6 -4.7

48

.1
4.6

.1
4.8

.1
4.8

49
50

.0

.0

51

9.1

5.9

52

10.0 10.2
- . 9 -4.3

63
54

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

116

Table 3.5.—State and Local Government Receipts and Expenditures:
[Billions of
1946
Line

II
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions fox social insurance
Federal grants-in-aid
-.-

1947
III

3.0

3.1

.5
.1
2.2
.1
.2

.4
.1
2.3
.2
.2

IV

3.3

1948

II

III

IV

1949

II

3.5

3.6

3.8

3.9

.1
2.4
.2
.3

.2
2.5
.2
.4

.5
.1
2.6
.2
.4

.4
.1
2.7
.2
.5

IV

III

IV

4.2

.4
.2
2.9
.2
.5

4.4

4.5

4.6

4.7

4.8

4.9

5.0

.2
2.8
.2
.4

4.1

.5
.1
2.4
.2
.4

III

.5
.2
3.0
.2
.4

.5
.2
3.1
.2
.5

.4
.2
3.2
.2
.6

.7
.2
3.1
.2
.5

.1
3.3
2.
.5

.5
.2
3.4
.2
.6

.5
.2
3.5
.2

2.4

2.6

3.0

3.1

3.1

3.5

3.9

3.9

3.9

4.3

4.7

4.6

4.4

5.0

5.5

5.3

Purchases of goods and services _
Transfer payments to persons
Net interest paid
—.
Subsidies less current surplus of government enterprises.
Subsidies
Less: Current surplus of government
enterprises.
Less: Wage accruals less disbursements...

2.1
.4
.1
-.2

2.4
.4
.0
-.2

2.7
.5
.0
-.2

2.8
.5
.0
-.2

2.8
.5
.0
-.2

3.1
.5
.0
-.2

3.4
.7
.0
-.2

3.4
.6
.0
-.2

3.3
.8
.0
-.2

3.7
.8
.0
-.2

4.2
.8
.0
-.2

4.1
.7
.0
-.2

3.9
.7
.0
-.2

4.5
.7
.0
-.2

49
.8
.0
-.2

4.7
.8
.0
-.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0
.2

.0

.0

.0

.0

.0

.0

.0

.0

•0

.0

.0

.0

.0

.0

.0

Surplus or deficit ( - ) . national income and product accounts.

.6

.5

.3

.4

.5

.3

.0

.3

.0

-.3

.0

.3

-.2

-.5

-.3

II

III

IV

Expenditures

1956

Line
II
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases of goods and services
Transfer payments to persons.
Net interest paid...
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government
enterprises
Less: Wage accruals less disbursementsSurplus or deficit (-), national
income and product accounts

.2
.0
.2

1957
III

IV

II

1958
III

IV

1959

II

III

IV

8.4

8.7

8.9

9.0

9.3

9.6

9.7

9.8

9.9

10.4

10.5

11.1

10.6

12.1

10.7

13.1

1.2
.3
5.7
.5
.7

1.2
.3
5.9
.6
.8

1.1
.2
6.0

1.0
.3
6.2
.6

1.3
.3
6.1

1.4
.3
6.4
.6

1.1
.3
6.5
.7
1.2

1.1
.2
6.6
.7
1.2

1.4
.2
6.5
.7
1.1

1.5
.2
6.7
.7
1.2

1.2
.3
6.9
.7
1.5

1.2
.3
7.1
.7
1.8

1.6
.3
6.6
.8
1.5

1.8
.3
7.7
.8
1.5

1.2
.3
6.3
.8
2.1

1.4
.3
8.8
.8
1.8

8.0

9.0

9.7

9.3

8.9

9.9

10.7

10.4

9.8

11.0

11.9

11.6

10.9

11.8

12.4

11.8

7.4
1.0
.0

8.4
1.0
.0

9.1
1.0
.0

8.6
1.0
.0

8.2
1.0
.0

9.3
1.1
.0

10.0
1.1
.0

9.6
1.1
.0

9.1
1.2
.0

10.2
1.2
.0

11.1
1.2
.0

10.8
1.2
.0

10.1
1.3
.0

11.0
1.3
.0

11.6
1.3
.1

11.0
1.3
.0

—.4
.0

—.4
.0

—.4
.0

—.4
.0

—.4
.0

—.4
.0

— 4
.0

— 4

.0

—.4
.0

—.4
.0

—.4
.0

—.4
.0

—.5
.0

—.5
.0

—.5
.0

—.5
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.4
.0

.5
.0

.5
.0

.5
.0

.5
.0

.4

—.2

-.8

—.2

.4

—.3

—.9

—.5

.0

—.6

-1.4

—.4

—.3

.3

-1.7

1.2

1966

1967

1968

Line
II
Receipts..
Personal tax and nontax receipts.
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance
Federal grants-in-aid
Expenditures.
Purchases of goods and services
Transfer payments to persons. _
Net interest paid.
Subsidies less current surplus of government enterprises.
Subsidies
Less: Current surplus of government
enterprises.
Less: Wage accruals less disbursements..
Surplus or deficit ( - ) , national income and product accounts.

III

IV

II




IV

II

IV

III

19.3

22.0

19.7

23.9

21.4

23.1

22.2

26.9

24.5

27.6

24.8

30.3

3.1
.5
11.2
1.3
3.1

3.7
.6
12.7
1.4
3.6

2.9
.5
10.9
1.5
3.9

3.1
.6
14.9
1.5
3.8

3.7
.6
12.0
1.6
3.6

4.1
.6
13.2
1.6
3.5

3.3
.6
12.2
1.7
4.4

3.6
.7
16.5
1.7
4.4

4.3
.7
13.6
1.8
4.1

5.1
.8
15.1
1.8
4.9

3.9
.8
13.6
1.8
4.8

4.1
.8
18.6
1.9
4.8

19.0

21.0

22.2

22.1

21.6

23.7

24.8

24.6

24.4

26.8

28.1

27.7

18.0
1.9
-.2
-.7

19.9
2.0
—.1
-.7

21.0
2.1
-.1
-.8

21.0
2.2
-.2
-.8

20.4
2.2
-.3
-.8

22.4
2.3
-.2
-.8

23.4
2.4
-.2
-.7

23.1
2.5
-.3
-.8

22.9
2.5
-.3
-.8

25.3
2.6
-.3
-.8

26.5
2.7
-.3
-.8

26.1
2.8
—.4
-.8

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.7

.7

.8

.8

.8

.0

.0

.0

.0

.0

.3

1.0

-2.6

1.8

* Revised estimates for 1973 and 1974 will be shown in the September 1976 SURVEY OF
CURRENT BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977
SURVEY OF CURRENT BUSINESS.

III

-.2

.0
-.6

.0
-2.6

.0
2.3

.0

.0

.8

.8

.8

.0

.0

-3.2

2.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

117

Quarterly Totals Not Seasonally Adjusted, 1946-74
dollars]
1950

1952

1951

1953

1954

1955
Line

6.0

6.1

6.3

6.4

.2
4.0
.3
.6

.2
4.2
.4
.7

.9
.2
4.1
.4
.6

.8
.2
4.3
.4
.6

.7
.2
4.4
.4
.7

6.5

6.5

7.0

6.9

.7
.2
4.6
.4
.7

.9
.2
4.5
.4
.5

.9
.2
4.7
.4
.8

.7
.2
4.8
.4
.7

5.2

5.7

5.9

5.7

5.5

6.0

6.4

6.1

5.8

4.5
.9
.0
-.2

4.9
1.0
.0
-.2

5.3

5.1
.8
.0
-.2

4.9
.8
.0
-.2

5.4
.8
.0
-.3

5.8
.8
.0

5.6
.8
.0
-.3

.0
.3

.0

.0

.0

.0

.2

.2

.2

.0

.0

II
I

IV

I

II

II
I

7.0

7.0

7.3

7.3

7.4

7.5

7.9

8.0

8.2

.7
.2
4.9
.5
.8

1.0
.2
4.8
.5
.7

1.0
.2
5.0
.5
.7

1.0
.2
5.0
.5
.7

1.1
.2
5.3
.5
.7

.9
.2
5.5
.5
.9

.9
.3
5.7
.5
.8

.8
.2
5.2
.5
.8

6.7

6.5

6.2

6.8

7.3

7.0

6.7

7.5

8.2

7.7

7.5

8.3

8.8

8.4

5.9
.9
.0
-.3

5.9
.8
.0
-.3

5.7
.8
.0
-.3

6.2
.9
.0
-.3

6.7
.9
.0
—.3

6.4
.9
.0
-.3

6.1
Q
.0
-.3

6.9
Q
0
-.3

7.6
.0
-.3

7.1
.9
.0
-.3

6.9
.9
.0

7.7
1.0
.0
-.4

8.2
1.0
.0
-.4

7.8
1.0
.0
-.4

.0
.3

.0
.3

.0
.3

.0
.4

.0
.4

.0
.4

A

.2

.0

cob

.2
3.7
.3

II

OCO

3.6
.3

.0
-.2

6.6

I

ooenotooo

5.8

.7
.2
3.9
.3
.6

II
I

cob

5.8

.8
.2
3.8
.3

II

cob

5.8

I

II
I

cob

.5
.2
3.8

II

cob

5.5

I

cooooto

5.4

IV

cob

5.2

III

COQOOCO

.8
.1
3.4
.3
.6

II

IV

cob

5.1

III

OCO

II

.0

.0
-.2

-.5

.0

.0

.0

-.5

-.1

.4

-.2

.0

.0

.0

.1

.3

.3

.0

.0

.0

.0

.0

.0

.0

.0

.0

-.3

.0

-.4

.0
.4

-.8

.0
-.3

-.4

.3

-.2

-.9

-.1

.3

1962

1961

1960

II

II
I

IV

I

II

11.5

13.1

11.3

14.1

12.4

14.1

12.2

1.7
.3
7.2
.8
1.4

2.0
.3
8.4
.8
1.5

1.4
.3
6.9
.9
19
.

1.6
.3
9.6
.9
1.7

1.9
.3
7.7
.9
1.6

2.2
.3
9.0
.9
1.7

1.5
.3
7.4
.9
2.0

1963

I

II

II
I

IV

15.4

13.5

15.2

13.2

1.7
.4
10.3
.9
2.0

2.1
.3
8.3
.9
1.8

2.4
.4
9.6
1.0
1.8

1.7
.4
7.9
1.0
2.2

II
I

I

.0

.0

-.2

.0
-.5
.0

.0

1964

I

II

II
I

IV

16.6

14.5

16.2

14.4

1.9
.4
11.1
1.0
2.2

2.3
.4
8.8
1.0
2.0

2.6
.4
10.1
1.0
2.0

1.8
.4
8.5
11
.
2.6

I

II

II
I

18.2

16.2

17.6

16.1

2.1
.4
12.0
1.1
2.6

2.7
.4
9.7
1.1
2.3

2.9
.5
10.7
1.2
2.4

2.1
.5
9.4
1.2
3.0

I

II

II
I

19.7

17.0

19.3

17.2

21.6

2.4
.5
12.8
1.2
2.8

2.8
.4
10.2
1.2
2.4

3.1
.5
11.6
1.2
2.7

2.4
.5
10.1
1.3
3.0

2.6
.5
14.2
1.3
3.0

11.3

12.4

13.3

12.9

12.5

13.4

14.3

14.1

13.5

14.3

15.2

15.1

14.2

15.6

16.7

16.2

15.6

17.3

18.2

17.5

16.9

18.7

20.0

19.5

10.5
13
.
.0
—.5

11.6
1.3
.0
—.5

12.4
1.4
.0
—.6

12.1
1.4
.0
—.6

11.6
1.4
.0
—.6

12.5
1.4
.0
—.6

13.4
1.4
.1
—.6

13.3
1.5
.0
—.6

12.5
1.5
.0
—.6

13.4
1.5
.0
—.6

14.3
1.5
.0
—.6

14.2
1.5
.0

13.3
1.6
.0

14.7
1.6
.0
—.7

15.8
1.6
.0

15.3
1.6
.0
—.7

14.6
1.7
.0
—.7

16.3
1.7
.0
—.7

17.2
1.7
.0
—.7

16.5
1.8
.0

16.0
1.8
—. 1
—.7

17.7
1.8
—.1
—.8

18.9
1.8
.0
—.7

18.5
1.9
—.1
-.7

.0
.5

.0

.0
.6

.0
.6

.0
.
6

.0
.6

.0
.6

.0
.6

.0
.6

.0
.6

.0
.6

.0
.6

.0

.0
.7

.0
.7

.0

.0
.7

OOO

.0
.7

.0
.1

.0

.0
.2

.
5
.0
.7

.0

.0

-2.0

1.2

.0
—.1

.0

.0

.0

.0

.0

.0

.0

—.7
.0
.7
.0

.7

—2.2

1.2

.0

.9

—2.0

1.5

.3

.0
.7
.0

—.7
.
0
.7
.0

.0

.0

.0
.7
.0

2.0

.7

.3

.7
.0
.0

.6

-2.3

-2.1

.0
.0

.6 -2.8

2.2

I

I

II

33.6

31.0

34.8

5.1
.8
20.1
2.1
5.6

5.7
.9
16.8
2.1
5.4

6.5
1.0
18.8
2.2
6.4

5.2
.9
16.5
2.3
6.2

5.8
.9
22.6
2.3
6.4

30.6

30.1

30.3

32.7

34.7

28.8
3.1
-.4
-.8

28.2
3.2
-.5
-.8

28.2
3.4
-.5
— 9

30.5
3.5
-.5
-.9

32.3
3.7
-.5
-.9

.0
.9

.0

.0
.9

.0
.9

.0
.9

II

II
I

IV

27.3

30.2

28.6

5.1
.9
15.1
1.9
4.4

5.9
.9
16.3
1.9
5.1

4.6
.8
16.0
2.0
5.2

27.4

29.5

25.7
2.9
-.4
-.8

27.7
3.0
-.4
-.8

.0
.8

.0
.8

1972

1971

1970

II
I
31.1

III

IV

39.8

45.5

41.1

51.1

45.6

7.9
1.1
20.7
2.6
7.4

9.3
1.2
22.0
2.7
10.3

7.8
1.2
20.9
2.7
8.3

8.0
1.4
27.4
2.8
11.5

9.0
1.3
22.5
2.9

38.4

38.8

40.6

42.2

42.1

35.5
4.5
-.6
-1.0

35.5
4.6
-.4
-1.0

37.5
4.7
-.5
-1.1

38.9
4.8
-.5
-1.0

39.1
4.9
-.8
-1.1

.0
1.0

.0
1.0

.0
1.1

.0
1.0

.0
1.1

III

IV

34.5

38.4

36.3

43.4

6.3
.9
18.6
2.4
6.4

7.3
1.1
19.8
2.5
7.8

5.9
1.1
19.5
2.5
7.2

6.9
1.1
25.1
2.6
7.7

34.6

34.9

37.3

38.4

32.1
3.9

32.2
4.1
-.4
-.9

34.3
4.2
—.3
-.9

35.6
4.4
-.5
-1.0

.0

.0
1.0

.0
1.0

38.0

2.1

1973*

II

II

.0
.7

1974*

II

III

IV

II

III

IV

48.8

45.3

54.0

1.5
24.0
3.0
10.6

8.6
1.4
22.5
3.1
9.8

9.2
1.5
30.0
3.1
10.2

49.1

52.3

49.9

58.1

9.7
1.5
24.4
3.2
10.2

10.1
1.8
25.8
3.3
11.4

9.7
1.9
24.2
3.4
10.7

10.2
1.6
31.2
3.5
11.5

42.8

45.2

46.3

39.4
5.0
-.4
-1.1

41.8
5.0
-.6
-1.1

43.3
5.1
-.9
-1.2

46.6

46.9

50.2

52.0

52.2

43.5
5.2
-.9
—1.1

44.0
4.8
-.9
—1.1

.0
1.1

.0
1.1

.0
1.2

.0
1.1

.0
1.1

47.5 49.0 48.9
5.2
4.9
5.1
-1.0 -.9 -.8
—1.1 -1.2 -1.2
.0
1.1

.0
1.2

.0
1.2

.0

.0

.0

2.1 -2.0

5.9

.9

.0

.0

.0

.0

.0

.0

.0

.7

-2.0

3.5

.7

2.2

-3.6

.0

3.4

.1

.1

-.1

.0

.0

.0

.0

.0

.0

.0

.0

1.1

.0

.0

-2.1

5.1

1.0

4.9

-1.1

9.0

2.8

3.7

-1.0

7.4

2.2

.0



216-143 O - 77 - 9

-.4

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

118

Table 3.6.—Government Purchases of Goods and
[Millions of
Line

1953

1952
Government purchases of goods and services

1954

1955

1956

1957

1958

1959

75,582

82,524

75,760

75,006

79,392

87,086

95,040

97,586

52,365

57,530

47,933

44,455

45,902

49,964

53,904

53,890

National defense
Compensation of employees
Military
Civilian....
Structures (excluding construction force account compensation).
Other

45,838
15,746
10,755
4,991
3,016

48,594
15,616
10,583
5,033
3,022

41,112
14,921
10,223
2,592

38,446
15,242
10,170
5,072
1,831

40,156
15,570
10,098
5,472
1,759

44,017
15,904
10,244
5,660
1,976

45,565
16,296
10,368
5,928
2,446

45,597
16,521
10,402
6,119
2,243

27,076

29,956

23,599

21,373

22,827

26,137

26,823

26,833

Nondefense
Compensation of employees
Structures (excluding construction force account compensation) .
Agricultural purchases of the Commodity Credit Corporation.
Other

6,527
3,163
977

2,992
914

6,821
2,859

6,009
3,115
501

5,746
3,405
812

5,947
3,063
958

4,249
1,104

8,293
4,341
1,320

616

3,381

1,245

—375

—634

1,421

551

1,148

1,904

1,960

1,565

2,081

30,551

33,490

37,122

41,136

43,696

11,764
7,402
2,407

12,885
8,320
2,562

13,942
9,373
2,785

15,679
10,470
2,821

16,145
11,432
2,620

Federal

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

636
1,591
1,771

1,649

23,217

24,994

1,735

State and local

27,827
10,453
6,797
2,098

Education
Compensation of employees
Structures (excluding construction force account compensation).
Other

8,217
5,574
1,572
1,071

1,439

1,558

1,955

2,003

1,784

2,388

2,093

Other..
Compensation of employees
Structures (excluding construction force account com
pensation).
Medical vendor payments 1
Other

15.000
6,677
4,959

15,783
7,238
5,407

17,374
7,901
6,165

18,787
8,436
6,648

20,605
9,299
7,550

23,180
10,183
8,402

25,457
11,108
9,357

27,551
11,701
9,811

116
3,248

138
3,000

158
3,150

192
3,511

223
3,533

250
4,345

290
4,702

5,678

9,211
6,096
1,676

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF

1. Consists of purchases of medical services and drugs mainly on behalf of persons covered
by public assistance programs.

CURRENT BUSINESS.

Table 3.7.—Government Purchases of Goods and Services by Type: Annually,
[Millions of
1946

1947

1948

1949

1950

1951

1952

1953

1954

Government purchases of goods
and services.

27,548

25,453

31,964

38,392

38,493

60,099

75,582

82,524

75,760

Federal
Compensation of employees
Other
Durable goods
Nondurable goods
Services
,
Structures (excluding construction
force account compensation).

17,617
14,598
3,019
2,185
208
424
202

12,698
9,377
3,321
964
657
1,295
405

16,700
8,910
7,790
1,615
3,498
1,759
918

20,410
9,999
10,411
2,688
4,810
1,581
1,332

18,724
10,734
7,990
3,074
1,947
1,471
1,498

38,322
16,237
22,085
8,924
6,079
4,229
2,853

52,365
18,909
33,456
14,775
8,664
6,024
3,993

57,530
18,608
38,922
13,417
14,533
7,036

State and local
Compensation of employees
Other
Durable goods
Nondurable goods
Services
Structures (excluding construction
force account compensation).

9,931
6,195
3,736
232
980
1,155
1,369

12,755
7,338
5,417
413
1,183
1,356
2,465

15,264
8,521
6,743
570
1,233
1,439
3,501

17,982
9,442
8,540
602
1,442
1,729
4,767

19,769
10,145
9,624
630
1,674
2,066
5,254

21,777
11,159
10,618
726
1,575
2,055
6,262

23,217
12,251
10,966
788
1,535
2,112
6,531

24,994
13,334
11,660
837
1,523
2,217
7,083

Line

1956

1957

75,006

79,392

87,086

47,933
17,780
30,153
11,468
10,075
5,382
3,228

44,455
18,357
26,098
10,541
6,386
6,839
2,332

45,902
18,975
26,927
11,815
5,502
7,039
2,571

49,964
19,567
30,397
11,865
6,073
9,525
2,934

27,827
14,698
13,129
948
1,557
2,361
8,263

30,551
15,838
14,713
1,008
1,821
2,829
9,055

33,490
17,619
15,871
1,183
1,728
2,848
10,112

37,122
19,556
17,566
1,407
1,833
3,139
11,187

1955

[Billions of
1950

1949

1948

1947
Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

Government purchases of goods
and services.

24.6

25.4

25.5

26.1

27.7

30.7

33.2

36.0

36.7

38.4

39.1

39.2

37.7

36.9

38.0

41.4

2
3
4
5
6
7
8

Federal
Compensation of employees
Other
Durable goods
Nondurable goods Services
Structures (excluding construction
force account compensation).

12.6
10.6
2.0
.7
.0
1.2
.0

13 1
10.0
3.1
1 2
.0
1.6
.3

12.6
8.5
4.1
1 0
1.2
1.3
.6

12 6
8.4
4.1
1 0
1.2
1.1
.8

13 7
8.5
5.2
1 5
1.5
1.4
.8

15.9
8.6
7.3
1.6
3.1
1.7
.9

17.6
9.0
8.5
1.7
4.1
1.7
1.0

19.7
9.5
10.2
1.7
5.3
22
.9

19.8
9.8
9.9
2.5
4.6
1.6
1.1

20.7
9.9
10.8
2.9
5.0
1.7
1.2

20.7
10.0
10.7
2.8
4.8
1.7
1.4

20.5
10.3
10.2
2.6
4.8
1.3
1.6

18.6
9.9
8.6
2.7
2.8
1.9
1.4

17.4
9.9
7.5
2.6
2.1
1.4
1.5

18.0
10.7
7.3
3.3
1.2
1.4
1.4

20.9
12.4
8.5
3.7
1.8
1.3
1.7

9
10
11
12
13
14
15

State and local
C ompensation of employees
Other
Durable goods
Nondurable goods
Services
Structures (excluding construction
force account compensation).

12.0
7.0
5.0
.4
1.1
1.3
2.3

12.4
7.2
5.2
.4
1.2
1.3
2.3

12.9
7.4
5.5
.4
1.2
1.4
2.5

13.6
7.8
5 8
.4
1.2
1.4
2.7

14.0
8.0
6.0
.6
1.2
1.4
2.8

14.8
8.3
6.5
.6
1.2
1.4
3.3

15.7
8.7
7.0
.6
1.2
1.5
3.7

16.3
9.1
7.3
.6
1.3
1.5
3.9

16.9
9.2
7.7
.5
1.3
1.6
4.2

17.7
9.3
8.4
.6
1.4
1.7
4.7

18.5
9.6
8.9
.6
1.5
1.8
5.0

18.7
9.7
9.0
.7
1.5
1.8
5.0

19.1
9.8
9.3
.6
1.7
2.0
4.9

19.4
10.0
9.4
.6
1.7
2.1
5.1

20.0
10.3
9.7
.6
1.7
2.1
5.3

20.5
10.5
10.0
.6
1.7
2.1
5.6

* Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

119

Services by Broad Function and Type: Annually, 1952-74
dollars]
1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

100,259

108,156

118,034

123,661

129,810

138,350

158,666

180,188

198,727

207,877

53,711

57,370

63,738

64,631

65,218

67,268

78,833

90,924

98,019

97,461

44,451
16,839
10,477
6,362
1,993

46,995
17,343
10,635
6,708
2,125

51,052
18,386
11,322
7,064
1,884

50,296
18,901
11,594
7,307
1,601

49,048
20,176
12,511
7,665
1,215

49,443
21,045
13,034
8,011
999

60,330
24,584
15,656
8,928
927

71,462
27,205
17,419
9,786
892

76,868
29,933
19,252
10,681
1,059

25,619

27,527

30,782

29,794

27,667

27,399

34,819

43,365

9,260
4,837
1,507

10,375
5,251
1,709

12,686
5,678
1,987

14,335
6,263
2,223

16,170
6,827
2,463

17,825
7,253
2,657

18,503
7,847
2,736

19,462
8,407
2,110

316

—225

289

—316

—777

—641

—1,951

—686

8,556

9,871

9,630

1960

1971

1972

1973*

1974*

218,863

233,734

253,105

269,946

301,085

1

95,642

96,220

102,126

101,981

111,692

2

76,272
31,816
20,454
11,362
1,256

73,537
33,160
21,121
12,039
1,173

70,230
33,796
21,089
12,707
1,692

73,513
35,664
22,299
13,365
1,860

73,370
36,273
22,641
13,732
1,405

77,380
37,470
22,759
14,711
1,713

3
4
5
6

45,876

43,200

39,204

34,742

35,989

35,692

38,197

8

21,151
9,340
2,000

21,189
9,985
1,818

22,105
11,563
1,970

25,990
12,967
2,329

28,613
14,396
2,566

28,611
15,658
2,861

34,312
17,220
3,173

9
10
11

1,414

629

—1,251

—83

—1,019

—3,119

—1,560

12

8,397

8,757

9,823

10,777

12,680

13,211

15,479

13

Line

7

2,600

3,640

4,732

6,165

7,657

46,548

50,786

54,296

59,030

64,592

71,082

79,833

89,264

100,708

110,416

123,221

137,514

150,979

167,965

189,393

14

17,923
12,830
2,779

19,663
14,096
3,008

21,115
15,463
2,949

23,381
17,073
3,438

26,102
18,944
3776

29,089
20,874
4,304

33,705
23,791
5,373

37,935
26,866
6,059

42,143
30,405
6,139

46,016
33,925
5,942

51,510
38,366
5,688

57,790
42,977
5,634

63,574
47,577
5,781

70,562
52,443
6,699

77,556
57,197
7,393

15
16
17

2,314

2,559

2,703

2,870

3,382

3,911

4,541

5,010

5,599

6,149

7,456

9,179

10,216

11,420

12,966

18

28,625
12,640
9,532

31,123
13,838
10,361

33,181
14,780
11,132

35,649
15,784
12,033

38,490
16,929
12,963

41,993
18,420
14,128

46,128
20,324
15,066

51,329
22,664
16,422

58,565
25,501
18,455

64,400
28,014
18,977

71,711
31,598
19,394

79,724
35,509
20,562

87,405
39,735
20,615

97,403
44,748
21,808

111,837
49,236
26,673

19
20
21

414
6,039

562
6,362

774
6,495

889
6,943

1,040
7,568

1,163
8,292

1,589
9,149

2,231
10,012

3,249
11,360

3,877
13,532

4,895
15,824

6,045
17,608

7,129
19,926

8,283
22,564

9,904
26,024

22
23

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
dollars]
1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

97,586

100,259

108,156

118,034

123,661

129,810

138,350

158,666

180,188

198,727

207,877

218,863

233,734

253,105

269,946

301,085

1

53,904
20,545
33,359
12,909
7,708
9,192
3,550

53,890
20,862
33,028
12,357
6,888
10,220
3,563

53,711
21,676
32,035
9,612
7,347
11,576
3,500

57,370
22,594
34,776
12,322
5,586
13,034
3,834

63,738
24,064
39,674
12,637
8,882
14,284
3,871

64,631
25,164
39,467
12,243
7,853
15,547
3,824

65,218
27,003
38,215
11,579
6,869
16,089
3,678

67,268
28,298
38,970
10,863
7,559
16,892
3,656

78,833
32,431
46,402
11,774
11,532
19,433
3,663

90,924
35,612
55,312
13,373
16,565
22,372
3,002

98,019
39,273
58,746
13,292
19,512
22,883
3,059

97,461
41,801
55,660
12,944
16,442
23,200
3,074

95,642
44,723
50,919
13,982
10,560
23,234
3,143

96,220
46,763
49,457
11,890
9,292
24,254
4,021

102,126
50,050
52,066
12,924
8,536
26,190
4,416

101,981
51,931
50,050
10,856
6,959
27,969
4,266

111,692
54,690
57,002
9,741
9,783
32,592
4,886

2

41,136
21,578
19,558
1,391
2,242
3,747
12,178

43,696
23,133
20,563
1,435
2,669
4,028
12,431

46,548
25,470
21,078
1,600
2,819
4,348
12,311

50,786
27,934
22,852
1,678
3,026
4,779
13,369

54,296
30,243
24,053
1,786
3,079
5,107
14,081

59,030
32,857
26,173
2,003
3,265
5,434
15,471

64,592
35,873
28,719
2,261
3,613
6,106
16,739

71,082
39,294
31,788
2,471
4,025
6,860
18,432

79,833
44,115
35,718
2,760
4,493
8,026
20,439

89,264
49,530
39,734
2,959
4,946
9,348
22,481

100,708
55,906
44,802
3,262
5,625
11,321
24,594

110,416
61,939
48,477
3,618
6,539
13,401
24,919

123,221
69,964
53,257
4,041
7,886
16,248
25,082

137,514
78,486
59,028
4,503
9,569
18,760
26,196

150,979
87,312
63,667
5,004
10,609
21,658
26,396

167,965
97,191
70,774
5,581
11,947
24,739
28,507

189,393
106,433
82,960
6,093
13,720
29,081
34,066

1958

1959

95,040

Line

a
A
I

e

i
i

1
C
1
1
1
2

i
a

u
u

dollars]
1951

1952

1953

1954

1956

1955

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

II
I

IV

I

I
I

I I IV
I

49.6

56.7

64.4

69.6

70.9

75.5

77.5

78.3

81.7

82.6

82.4

83.4

79.5

75.4

74.6

73.4

74.3

74.1

75.4

76.2

77.2

79.3

79.7 81.3

1

28.7
14.4
14.3
6.0
3.6
2.6
2.1

35.1
15.9
19.2
8.0
4.9
3.6
2.7

42.3
17.2
25.1
9.6
7.2
5.2
3.1

47.2
17.5
29.7
12.2
8.6
5.6
3.4

48.3
18.5
29.9
13.5
6.6
6.0
3.7

52.2
19.0
33.2
14.9
8.7
5.7
3.9

54.3
19.2
35.1
14.9
9.8
6.2
4.2

54.6
19.0
35.6
15.8
9.5
6.2
4.2

57.2
18.8
38.4
13.8
13.1
7.2
4.3

58.1
18.9
39.3
14.1
13.9
7.2
4.1

57.2
18.6
38.6
13.1
14.8
6.9
3.8

57.6
18.1
39.4
12.7
16.3
6.8
3.6

52.8
17.8
34.9
13.4
12.8
5.0
3.6

48.0
17.8
30.2
11.3
10.0
5.7
3.3

46.2
17.7
28.5
10.4
9.5
5.5
3.1

44.8
17.8
27.0
10.7
8.0
5.4
2.9

44.5
17.8
26.7
9.9
7.0
7.2
2.6

43.7
18.5
25.2
10.9
5.9
6.1
2.4

44.7
18.6
26.1
10.7
5.9
7.4
2.2

44.9
18.6
26.4
10.7
6.8
6.8
2.1

44.9
18.6
26.3
11.3
6.3
6.7
2.1

46.2
18.9
27.3
12.2
5.8
6.9
2.4

45.8 46.7
19.2 19.2
26.6 27.5
11.9 11.9
5.2 4.8
6.6 8.0
2.8 2.9

2
3
4
5
6
7
8

20.9
10.7
10.2
.7
1.6
2.1
5.8

21.6
10.9
10.7
.7
1.6
2.1
6.3

22.1
11.3
10.8
.7
1.6
2.0
6.5

22.4
11.6
10.7
.7
1.6
2.1
6.4

22.6
11.8
10.8
.8
1.5
2.0
6.5

23.3
12.0
11.3
.8
1.7
2.3
6.5

23.1
12.4
10.7
.8
1.4
2.0
6.5

23.8
12.7
11.0
.8
1.5
2.1
6.6

24.5
13.0
11.5
.8
1.6
2.2
6.9

24.4
13.2
11.2
.8
1.5
2.1
6.8

25.1
13.4
11.8
.8
16
.
2.3
7.1

25.8
13.7
12.1
.8
1.5
2.2
7.5

26.7
14.1
12.6
.9
1.5
2.3
7.9

27 A

28.4
15.0
13.4
1.0
16
.
2.4
8.4

28.7
15.2
13.4
1.0
1.6
2.4
8.4

29.8
15.4
14.4
1.0
1.8
2.8
8.8

30.3
15.7
14.7
1.0
1.8
2.8
9.0

30.7
15.9
14.8
1.0
1.8
2.8
9.1

31.3
16.4
14.9
1.0
1.8
2.8
9.3

32.3
16.9
15.5
1.2
1.7
2.8
9.8

33.1
17.3
15.8
1.2
1.7
2.8
10.1

33.9
17.9
16.0
1.2
1.7
2.9
10.2

34.6
18.4
16.2
1.2
1.8
2.9
10.3

9
10
11
12
13
14
15




14.5
12.9
.9
1.5
2.3
8.2

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

120

Table 3.7.—Government Purchases of Goods and Services by Type: Annually,
[Billions of
1957

1958

1959

Line
I

III

II

IV

I

III

II

IV

I

II

III

IV

1

Government purchases of goods
and services.

86.2

86.6

87.5

88.1

91.2

94.2

96.1

98.7

97.8

98.0

97.5

97.0

2
3
4
5
6
7
8

Federal
Compensation of employees
Other
Durable goods. - _
Nondurable goods
Services
Structures (excluding construction
force account compensation).

50.3
19.4
30.9
11.5
7.4
9.1
2.9

49.9
19.6
30.3
11.6
6.1
9.7
2.9

50.1
19.8
30.2
12.1
5.2
9.9
3.0

49.6
19.4
30.2
12.3
5.6
9.5
2.9

51.6
19.9
31.8
12.7
6.6
9.2
3.3

53.6
20.3
33.4
12.9
7.5
9.6
3.3

54.4
21.0
33.4
12.9
8.0
8.9
3.6

55.9
21.0
34.9
13.1
8.8
9.1
3.9

54.3
20.8
33.4
12.6
6.9
10.1
3.9

54.3
20.9
33.4
12.7
7.0
10.0
3.8

53 7
20.9
32.8
12 4
67
10 2
3.5

53 3
20.9
32 4
11 8
70
10 6
3.1

9
10
jl
12
13
14
15

State and local
Compensation of employees
Other
Durable goods
--- Nondurable goods
Services
Structures (excluding construction
force account compensation).

35.9
18.8
17.1
1.4
1.7
3.0
11.0

36.7
19.3
17.4
1.4
1.8
3.1
11.2

37.5
19.8
17.6
1.4
1.9
3.2
11.1

38.5
20.3
18.1
1.5
1.9
3.3
11.4

39.5
20.8
18.7
1.3
2.1
3.5
11.7

40.6
21.4
19.2
1.4
2.2
3.7
11.8

41.7
21.8
19.9
1.4
2.3
3.8
12.4

42.7
22.2
20.5
1.5
2.4
3.9
12.8

43.6
22.6
20.9
1.4
2.6
3.9
13.0

43.7
22.9
20.8
1.4
2.6
4.0
12.8

43.8
23.3
20.5
1 4
2.7
4.1
12.3

43.7
23.7
20.0
1 5
2.7
4.2
11.6

1966

1967

1968

Line
I

II

Government purchases of goods
and services . _

149.9

155.2

2
3
4
5
6
7
8

Federal
Compensation of employees.. ._
Other
Durable goods
Nondurable goods. . .
Services
Structures (excluding construction
force account compensation).

73.6
30.9
42.8
11.0
9.7
18.1
3.9

76.8
31.7
45.1
11.1
11.3
18.9
3.7

9
10
11
12
13
14
15

State and local
Compensation of employees
Other
Durable goods
Nondurable goods
Services
-. Structures (excluding construction
force account compensation).

76.2
42.1
34.2
2.6
4.3
7.5
19.8

78.5
43.3
35.2
2.7
4.4
8.0
20.1

1

IV

I

II

162.1

167.5

175.2

177.5

181.9

81.5
33.3
48.2
12.5
12.3
19.8
3.6

83.5
34.0
49.5
12.4
12.9
20.8
3.4

88.6
34.6
54.0
13.2
16.2
21.5
3.1

89.4
35.0
54.3
13.1
16.2
22.3
2.8

92.1
35.6
56.5
13.6
17.1
22.7
3.1

80.6
44.8
35.8
2.8
4.6
8.1
20.3

84.0
46.3
37.7
2.9
4.7
8.5
21.6

86.6
47.4
39.1
2.9
4.8
8.8
22.6

88.2
48.7
39.5
3.0
4.9
9.1
22.5

89.8
50.3
39.5
3.0
5.0
9.5
22.0

III

III

IV

I

II

186.2

192.9

198.1

200.2

203.7

93.7
37.2
56.4
13.5
16.8
23.0
3.1

96.2
37.8
58.3
13.5
18.7
22.9
3.2

98.5
38.7
59.8
13.3
20.8
22.8
2.9

98.6
40.4
58.2
13 1
19.2
23.0
3.0

98.7
40.1
58.7
13 2
19.4
22.9
3.2

92.5
51.7
40.8
3.0
5.1
9.9
22.8

96.7
53.6
43.2
3.0
5.2
10.5
24.4

99.6
55.1
44.4
3.2
5.5
11.2
24.6

101.6
56.7
44.8
3.3
5.8
11.5
24.2

104.9
58.2
46.8
3.5
6.0
12.1
25.2

III

Table 3.8.—Government Purchases of Goods and Services by Type in Constant Dollars
[Billions of
1946

Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Government purchases of goods
and services.
Federal
Compensation of employees
Other .
Durable goods.
.
. . .
Nondurable goods
Services
Structures (excluding construction
force account compensation).
State and local
Compensation of employees
. .
Other
Durable goods
Nondurable goods . . . . .
Services
Structures (excluding construction
force account compensation).

1947

1948

1949

93.1

75.4

84.1

58.4

36.1

42.4

49.7
8.7
4.9
.1
3 2
.4

29.8
6.3
1.9
.9
2.8
.8

29.2
13.2
2.8
4.8
38
1.8

34.8

39.3

41.8

47.4

26.1
8.7
.5
1.7
3.0
3.5

28.1
11.2
.8
1.8
3.3
5.4

28.8
12.9
1.0
1.7
3.3
6.9




1951

1952

1953

1954

1955

1956

1957

97.7

132.7

159.5

170.0

154.9

150.9

152.4

160.1

48.9

47.0

81.3

107.0

114.6

95.2

86.9

85.9

89.8

31.3
17.6
4.5
7.1
3 3
2.6

32.7
14.3
5.1
3.1
3.1
3.1

46.2
35.2
14.3
7.6
80
5.3

51.6
55.4
24.1
13.5
10.8
7.1

49.6
65.1
23.1
22.8
12.2
7.0

47.2
47.9
19.1
13.8
9.2
5.9

45.9
41.0
17.1
7.9
11.7
4.3

45.6
40.3
17.7
6.6
11.8
4.3

45.8
43.9
16.9
6.9
15.5
4.6

50.7

51.3

52.5

55.4

59.7

64.0

66.5

70.3

40.8
25.6
1.5
2.2
5.1
16.9

43.1
27.3
1.8
2.3
5.4
17.8

96.2

30.9
16.5
1.0
2.1
3.8
9.6

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1950

31.9
18.8
1.0
2.4
4.4
11.0

32.6
18.7
1.1
2.1
4.2
11.4

33.7
18.8
1.1
2.0
4.1
11.4

35.5
19.9
1.2
2.0
4.2
12.5

36.7
23.0
1.3
2.1
4.4
15.1

38.4
25.5
1.3
2.4
5.2
16.6

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

121

1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74^-Continued
dollars!

I

1962

1961

I960

1964

1963

1965
Line

III

II

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

97.3

99.3

101.8

102.7

105.0

106.8

108.4

112.3

116.1

116.8

118.8

120.4

122.0

121.3

124.3

127.1

128.3

130.0

130.0

130.9

131.7

52.3
21.1
31.2
10.2
7.0
10.9
3.2

53.1
21.5
31.6
9.2
7.7
11.3
3.3

54.6
22.0
32.6
9.2
7.9
11.8
3.7

54.8
22.1
32.7
9.8
6.8
12.3
3.8

55.3
22.1
33.2
11.0
5.6
12.5
4.0

56.9
22.3
34.7
12.2
5.9
12.8
3.8

57.7
22.6
35.1
12.9
5.3
13.2
3.6

59.6
23.4
36.2
13.2
5.5
13.6
3.9

63.0
24.0
39.0
13.2
8.1
13.8
3.9

63.0
24.0
39.0
12.7
8.2
14.1
4.0

64.1
24.0
40.1
12.4
9.6
14.4
3.7

64.8
24.3
40.1
12.2
9.7
14.8
3.9

64.9
24.7
40.2
12.2
9.1
15.1
3.8

63.3
24.9
38.3
12.3
6.6
15.5
3.9

64.5
25.1
39.4
12.2
7.2
15.7
4.4

65.9
25.9
39.9
12.3
8.5
15.9
3.2

65.9
26.4
39.5
12.1
7.8
15.9
3.7

65.8
26.7
39.1
12.1
7.4
16.0
3.6

64.7
27.4
37.3
11.3
6.3
16.1
3.7

64.5
27.5
37.0
10.9
6.0
16.4
3.8

63.9
27.3
36.6
10.6
6.1
16.4
3.5

65.8
27.5
38.3
10.9
7.1
16.6
3.7

67.6
28.4
39.2
10.7
7.9
17.0
3.7

71.8
30.0
41.8
11.3
9.2
17.7
3.7

2
3
4
5
6
7
8

44.9
24.6
20.3
1.6
2.7
4.2
11.8

46.2
25.2
21.0
1.6
2.8
4.5
12.2

47.2
25.8
21.4
1.6
2.8
4.3
12.6

47.9
26.3
21.5
1.6
2.9
4.3
12.7

49.7
27.0
22.7
1.6
3.0
4.6
13.5

49.9
27.6
22.3
17
3.0
4.9
12.7

50.8
28.3
22.5
1.7
3.1
4.6
13.1

52.7
28.9
23.9
1.7
3.1
4.9
14.2

53.1
29.5
23.6
1.8
3.0
5.0
13.8

53.8
30.0
23.8
1.8
3.1
5.1
13.9

54.7
30.4
24.2
1.8
3.1
5.1
14.2

55.6
31.1
24.5
1.8
3.1
5.2
14.4

57.1
31.9
25.2
1.9
3.1
5.2
15.0

58.0
32.5
25.6
2.0
3.2
5.4
15.0

59.8
33.1
26.6
2.0
3.3
5.5
15.8

61.2
33.9
27.3
2.1
3.4
5.7
16.1

62.4
34.8
27.7
2.2
3.5
5.9
16.2

64.2
35.5
28.7
2.2
3.6
6.0
16.9

65.3
36.2
29.1
2.3
3.7
6.2
17.0

66.4
37.0
29.4
2.4
3.8
6.4
16.9

67.8
37.8
29.9
2.4
3.9
6.6
17.1

69.9
38.7
31.2
2.4
4.0
6.8
18.0

72.5
39.8
32.7
2.5
4.1
7.0
19.1

74.1
40.8
33.4
2.6
4.2
7.1
19.5

9
10
11
12
13
14
15

1972

1971

1970

1969

135.7 140.1 146.0

1

1974*

1973*

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

204.1

206.7

209.2

211.4

215.3

216.5

219.4

224.2

223.8

231.1

235.5

239.6

249.0

251.1

253.0

259.2

265.7

265.7

270.0

278.4

237.5

296.5 305.9 314.4

1

97.2
40.1
57.0
12.9
18.0
23.1
3.1

97.1
40.4
56.6
12.6
17.6
23.2
3.2

97.9
43.4
54.4
12.7
15.3
23.3
3.0

97.8
43.2
54.5
13.5
14.8
23.3
2.9

97.9
45.0
52.9
13.8
13.1
23.2
2.9

95.6
44.9
50.7
14.0
10.6
23.0
3.1

94.0
44.7
49.4
14.1
8.8
23.3
3.2

95.1
44.4
50.7
14.1
9.7
23.5
3.4

95.9
46.6
49.3
12.9
9.2
23.5
3.7

94.9
46.6
48.3
11.8
8.7
23.9
3.9

96.4
46.5
49.9
11.6
9.6
24.5
4.2

97.6
47.3
50.3
11.2
9.8
25.1
4.2

103.1
49.7
53.4
13.0
10.5
25.3
4.5

102.8
49.2
53.6
13.5
9.7
25.8
4.6

100.3
49.5
50.9
12.9
7.0
26.6
4.4

102.3
51.9
50.4
12.3
6.9
27.1
4.1

104.1
51.7
52.4
12.3
8.2
27.2
4.7

99.9
51.3
48.6
10.9
6.4
27.1
4.2

100.0
51.4
48.5
10.5
5.9
28.1
4.1

104.0
53.3
50.7
9.8
7.4
29.4
4.1

106.1
53.7
52.5
9.2
8.3
30.6
4.4

108.9 113.6 118.2
53.8 54.3 56.9
55.0 59.2 61.3
9.0
9.9 10.9
9.1 11.1 10.6
31.9 33.5 34.4
5.0
4.8
5.4

2
3
4
5
6
7
8

107.0
59.5
47.5
3.5
6.3
12.8
25.0

109.7
60.9
48.7
3.6
6.4
12.9
25.9

111.4
62.8
48.6
3.7
6.6
13.4
25.0

113.6
64.6
49.1
3.8
6.8
14.6
23.9

117.4
67.0
50.4
3.7
7.3
15.5
23.9

121.0
69.1
51.9
3.9
7.7
15.8
24.4

125.4
71.0
54.4
4.1
8.0
16.3
25.9

129.1
72.8
56.4
4.4
8.5
17.4
26.1

132.9
75.6
57.3
4.3
9.1
18.0
26.0

136.2
77.6
58.6
4.5
9.5
18.4
26.3

139.0
79.6
59.4
4.6
9.7
19.0
26.1

142.0
81.2
60.8
4.7
10.0
19.7
26.4

145.9
83.8
62.1
4.8
10.2
21.0
26.0

148.4
86.0
62.4
5.0
10.5
21.5
25.4

152.7
88.6
64.1
5.1
10.7
21.9
26.4

157.0
90.9
66.1
5.2
11.0
22.2
27.7

161.6
93.6
68.0
5.3
11.3
23.2
28.2

165.8
96.3
69.5
5.5
11.8
24.3
27.9

170.0
98.5
71.5
5.7
12.1
25.2
28.4

174.5
100.4
74.1
5.9
12.6
26.2
29.4

181.4
102.9
78.5
5.8
13.1
27.6
32.0

187.6 192.3 196.3
105.2 107.6 110.0
82.4 84.7 86.3
6.2
6.0
6.4
13.5 14.0 14.3
28.4 29.8 30.5
34.5 34.7 35.0

9
10
11
12
13
14
15

II

III

IV

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

182.8

193.1

197.6

202.7

209.6

229.3

248.3

259.2

256.7

250.2

249.4

253.1

90.8

95.6

103.1

102.2

100.6

100.5

112.5

125.3

128.3

121.8

110.7

103.9

102.1

96.1

95.0

2

45.2
45.6
13.0
9.1
17.9
5.6

46.2
49.5
16.7
6.9
19.8
6.1

48.3
54.8
16.5
11.4
20.8
6.1

48.2
54.0
15.6
10.0
22.4
6.0

48.5
52.1
14.8
9.0
22.6
5.7

48.7
51.7
13.7
9.4
23.1
5.5

53.0
59.6
14.6
13.9
25.7
5.3

57.2
68.1
16.3
19.4
28.2
4.2

58.1
70.2
15.5
23.2
27.4
4.1

58.2
63.6
14.6
18.7
26.4
3.8

55.2
55.5
14.8
11.4
25.7
3.6

52.5
51.4
12.0
9.8
25.3
4.3

50.1
52.1
12.9
8.5
26.2
4.4

48.2
48.0
10.5
6.9
26.5
4.0

47.9
47.0
8.3
6.7
28.1
3.9

3
4
5
6
7
8

90.0

95.4

102.1

109.1

116.8

123.1

130.9

134.9

139.5

145.5

151.0

156.3

159.3

9

53.9
36.1
2.3
3.8
7.5
22.5

56.6
38.8
2.6
4.0
7.9
24.3

60.0
42.1
2.9
4.5
8.8
26.0

63.6
45.5
3.1
5.0
9.6
27.8

67.5
49.3
3.4
5.4
10.9
29.6

70.0
53.0
3.6
5.8
12.2
31.5

73.6
57.3
3.8
6.5
14.2
32.9

76.8
58.1
4.1
7.4
15.6
31.0

80.1
59.5
4.4
8.6
17.8
28.7

83.5
61.9
4.7
9.9
19.7
27.7

87.3
63.7
5.0
10.6
21.7
26.4

90.6
65.8
5.4
10.8
23.2
26.4

92.9
66.5
5.4
10.8
24.1
26.2

10
11
12
13
14
15

169.3

170.7

172.9

92.8

91.8

44.5*
48.3
18.1
9.8
14.8
5.6

44.5
47.3
17.0
8.4
16.2
5.7

76.4

78.9

82.0

87.1

45.8
30.6
1.8
2.8
6.2
19.7

47.3
31.6
1.9
3.4
6.2
20.0

49.7
32.3
2.1
3.6
6.5
20.1

52.3
34.8
2.2
3.8
7.1
21.7




252.5

254.3

1

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

122

Table 3.8.—Government Purchases of Goods and Services by Type in Constant Dollars:
[Billions of
1947

1948

1949

1950

Line
I

III

][I

IV

I

]I

III

IV

I

II

86.5

90.9

92.5

96.4

III

IV

I

II

III

IV

97.5

98.2

95.8

94.9

101.5

74.5

75.9

76.0

75.2

76.0

82.5

36.5

37.1

36.3

34.9

35.7

41.2

44.5

47.9

47.9

49.6

49.9

48.1

47.9

45.1

44.1

50.6

32.7
3.8

28.8
7.5
1.9
1.7
2.8
1.2

27.5
7.4
1.8
1.8
2.3
1.6

27.5
8.2
2.7

30.8
17.2

31.9
16.0
4.2
6.4
3.5
2.0

31.7
17.8

31.3
18.5

4.8

4.8

30.2
17.9
4.5

30.1
17.7
4.6

3.0
1.7

28.5
12.7
2.8
4.3
3.9
1.8

29.9
14.6
2.9

—.2
2.7
-.2

30.4
6.6
2.3
.3
3.5
.5

3.6

3.6

2.7
3.2

3.9

2.9

31.0
14.1
4.5
3.7
2.8
3.1

32.1
12 1
5.5
.7
29
3.0

37.7
12 9
5.7
1.2
2 6
3.4

--

38.0

38.8

39.7

40.4

40.3

Compensation of employees . .
Other
Durable goods
Nondurable goods
Services
Structures (excluding construction
force account compensation).

27.4
10.6
.7

27.9
10.9

28.3
11.4

28.6
11.7

28.6
11.7

.8
1.8
3.3
5.4

.8
1.8
3.4
5.7

1.0
1.6
3.2
5.8

Government purchases of goods
and services.

1

Federal

2

Compensation of employees
Other
Durable goods. _
Nondurable goods
Services
- Structures (excluding construction
force account compensation).

3
4
5
6
7
8
9

State and local

10
11
12
13
14
15

1.5

1.8

1.8
3.1

33
5.2

5.0

2.9

98.4

1.9

7.9
4.6
1.7

11.3

42.0

43.0

44.6

46.8

48.5

49.4

50.3

50.7

50.8

50.9

28.6
12.7

28.8
13.1

29.3
13.7

29.9
14.7

31.2
17.3

31.7
17.7

1.0
1.7
3.4

.9
1.7
3.3
7.2

.9
1.8
3.4

30.6
16.2
1.0
2.1
3.7
9.4

31.8
18.5

1.1
2.2

1.1
2.3
4.0

31.8
18.8

1.1
2.5
4.4

32.0
18.9

1.0
2.5
4.4

31.9
18.9
10

3.6

6.7

2.2

.9

2.0
3.6
8.3

7.7

3.0

3.8

10.2

10.3

10.6

1958

1957

2.4

44
11.1

10.9

9
2.3

4 4
11.3

1959

Line
IV

III

I

II

164.2

168.0

III

I

II

171.8

171.3

I
1

Government purchases of goods
and services.
Federal

2
3
4
5
7

8
9
10
11
12
13
14
15

Conrnpnsation of emDlovees
Other
-Durable eoods
Nondurable goods
Services
Structures (excluding construction
force account compensation).
State and local
Condensation of emDlovees
Other
--Durable goods
N ondurable goods
Services
Structures (excluding construction
force account compensation).

[I

159.0

159.9

160.6

90.0

90.3

89.9

88.8

90.2

92.6

93.3

95.4

92.9

92.4

91.2

90.7

45.9
44.1
16.5

46.2
44.2
16.6

46.4
43.5
17.2

44.9
43.9
17.3

44.1
46.1
17.9

44.8
48.4
18.0
10.3
14.4
5.6

44.6
50.8
18.3
11.5
14.8
6.2

44.6
48.3
17.4

44.4
46.8
17.0

16.2
6.1

44.5
47.9
17.5
8.5
16.0
5.9

16.2
5.6

8.1

44.4
46.3
16.0
8.7
16 6
5.0

161.1

8.2

7.4

5.4

6.7

14.7
4.6

15.7
4.5

16.1
4.7

15.4
4.6

14.9
5.2

44.5
48.2
18.0
9.3
15.5
5.3

8.2

[V

170.2

174.9

8.5

III

IV

170.3

169.3

69.0

69,6

70.6

72.2

74.0

75.3

76.9

79.5

78.9

78.9

79.1

78.6

42.2
26.8

42.7
26.9

43.3
27.3

44.4
29.6

47.0
31.9

1.8
2.3
5.5

1.9
2.4
5.6

1.8
2.7
5.9

1.9
3.4
6.1

47.5
31.6

1.9

17.8

17.6

17.6

18.3

19.2

47.7
31.8
1.8
3.0
6.4
20.6

46.8
32.1

1.8
2.2
5.3

45.3
30.1
1.8
2.8
6.3
19.2

46.0
30.9

1.7
2.2
5.2

44.1
28.2

1.9
3.5
6.2

48.0
30.7
2.0
3.5
6.3
18.9

1.8
2.9
6.3

19.9

20.7

3.4
6.1
20.4

1967

1966

19.9

1968

Line
I
1

Government purchases of goods
and services.

2 Federal
4
5
Q

7

8
9
10
11
12

13
14
15

Comnensation of emDlovees
Other
Durable goods
Nondurable goods
Services
- Structures (excluding construction
force account compensation).
State and local
C ompensation of employees
Other
Durable goods
Nondurable goods
Services Structures (excluding construction
force account compensation).




II

220.7

224.4

233.4

106.5

108.8

50.8
55.7
13.8
11.8
24.4
5.8

52.0
56.8
13.9
12.2
25.2
5.5

114.2
66.0
48.2
3.3
5.1
10.3
29.4

tv

I

II

[II

IV

250.4

251.3

255.8

260.2

260.9

260.0

124.8

127.3

126.3

127.4

129.8

129.5

126.6

56.9
67.9
16.1
19.6
28.2
3.9

57.5
69.8
16.5
20.6
28.4
4.3

57.3
69.0
16.3
19.9
28.5
4.3

57.7
69.7
16.0
21.6
27.9
4.3

58.5
71.3
15.6
24.3
27.4
3.9

58.6
70.9
15.2
24.3
27.4
3.9

57.6
69.0
15.2
22.7
26.9
4.2

121.7

122.5

123.1

125.0

128.4

130.4

131.4

133.5

68.9
52.8
3.5
5.7
11.7
31.9

69.5
53.0
3.6
5.8
12.0
31.7

70.5
52.6
3.6
5.8
12.4
30.8

71.3
53.7
3.6
6.0
12.8
31.4

72.2
56.2
3.6
6.2
13.3
33.1

73.2
57.2
3.7
6.3
14.1
33.0

74.1
57.3
3.9
6.6
14.4
32.5

74.9
58.6
4.0
6.8
14.8
33.0

I

II

238.6

244.3

247.3

116.5

118.4

122.6

53.8
62.7
15.5
15.8
26.2
5.2

55.3
63.0
15.3
15.7
27.2
4.9

56.9
65.6
16.3
17.3
27.6
4.4

115.7

116.9

120.3

66.9
48.7
3.4
5.3
10.9
29.2

67.9
49.0
3.5
5.4
10.9
29.2

69.1
51.2
3.6
5.6
11.4
30.7

III

IV

III

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

123

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]
1954

1953

1952

1951

1955

1956
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

115.1

127.7

140.0

147.7

152.4

159.1

163.4

163.1

168.6

170.1

169.7

171.8

161.4

154.3

152.6

150.7

151.0

149.7

151.9

150.9

150.8

64.6

76.3

88.4

96.1

100.4

106.2

111.5

110.0

113.5

115.9

114.2

115.0

102.9

95.4

92.2

89.9

87.9

85.8

87.8

86.3

85.5

86.6

85.0

86.4

2

52.5
59.0
24.3
16.3
11.0
7.4

51.6
58.4
25.7
14.6
10.7
7.4

50.5
63.0
23.1
19.7
12.6
7.6

50.0
65.9
24.1
22.2
12.5

48.3
66.6
22.1
26.2
11.8
6.5

47.5
55.4
22.5
17.7
8.7
6.6

47.1
48.3
18.9
13.8

45.8
40.0
18.0
7.3
10.2
4.5

45.8
42.1
17.2
8.1
12.7
4.0

45.8
40.6
16.7
8.5
11.5
3.7

45.5
41.2
18.3

9.0
5.4

46.4
41.5
16.6
7.8
12.4
4.8

45.4
40.1
17.5

9.7
6.0

47.2
45.0
17.3
12.7
9.4
5.7

47.0
42.9
17.6
10.9

7.2

49.6
64.7
23.0
23.1
11.9
6.7

11.2

11.6

3.6

4.1

45.8
39.1
17.8
5.7
11.0
4.7

45.8
40.6
17.0
5.6
13.2
4.7

3
4
5
6
7
8

52.0

53.0

55.1

54.2

55.5

56.8

58.5

58.9

60.4

60.8

63.1

64.0

64.1

64.6

65.3

66.3

66.7

67.4

9

35.9
20.9
1.2
2.0
4.2
13.6

36.2
22.3
1.3
2.0
4.3
14.7

36.5
22.3
1.3
2.0
4.3
14.7

36.9
23.5

37.4
23.4

38.7
25.4
1.3
2.4
5.2
16.5

39.3
25.3
1.3
2.4
5.1
16.5

40.6
25.7

15.4

38.1
25.9
1.3
2.4
5.2
16.9

39.7
25.6

15.4

37.7
25.4
1.3
2.4
5.2
16.5

16.9

17.0

41.3
25.5
1.5
2.2
5.0
16.7

41.9
25.6
1.5
2.3
5.1
16.7

10
11
12
13
14
15

III

IV

42.1
22.5
9.6
4.1
4.7
4.1

50.5

46.0
30.3
12.8

48.1
40.3
15.4

5.7
6.7
5.1

9.4
9.9
5.6

51.3

51.6

32.2
18.3

32.5
18.9

32.8
18.8

1.1
2.1
4.3

1.1
2.1
4.2

1.1
2.1
4.2

10.9

11.5

11.5

48.5
47.6
19.7
11.1
10.6

50.5
49.9
22.2

6.2

6.8

51.8
54.4
24.2
13.0
10.3
7.0

51.6

52.0

52.9

9.9

11.1

33.1
18.5

33.3
18.7

1.1

1.1
1.9
4.1

2.0
4.1
11.3

11.6

33.5
19.4
1.1
2.3
4.5
11.4

1960

33.8
18.1
1.1
1.9
3.9
11.1

34.2
18.8
1.2
2.0
4.0
11.7

35.6
19.5
1.2
2.1
4.3
12.0

35.4
20.0
1.2
2.1
4.3
12.4

35.0
19.2
1.2
2.0
4.1
12.0

1962

1961

1.4
2.2
4.6

1.4
2.2
4.5

1963

7.8

1.4
2.2
5.1

1964

II

III

IV

152.9 151.7 153.9

7.2

1.5
2.2
5.0

1

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

169.2

172.4

174.4

175.4

179.3

180.9

182.6

188.3

191.1

191.8

194.5

194.9

195.9

195.1

199.2

200.2

201.7

203.5

202.4

203.2

202.5

II

207.2 211.3 217.4

1

89.3

90.8

91.5

91.7

93.0

94.9

95.7

99.0

102.4

102.4

104.0

103.5

102.6

101.0

102.6

102.3

102.2

101.7

99.5

99.0

97.2

99.3 100.6 104.8

2

44.7
44.6
13.9
8.6
17.1
5.1

45.8
45.0
12.5

45.1
46.6
13.2

45.2
47.8
14.9

45.5
49.4
16.6

46.2
49.5
17.4

47.8
51.2
17.7

18.8

19.2

19.4

20.1

20.5
6.1

48.5
54.0
17.6
10.0
20.2
6.2

48.5
53.9
16.8
10.3
20.5
6.4

48.3
55.6
16.2
12.7
21.0
5.8

47.7
55.8
15.5
12.8
21.4
6.1

47.8
54.8
15.5
11.4
22.0
6.0

48.3
52.8
15.6
8.6
22.4
6.1

48.5
54.1
15.5
9.1
22.6
6.9

48.2
54.1
15.7
10.8
22.5

5.3

45.2
46.3
12.5
9.8
18.1
5.9

5.0

48.1
54.1
15.5
10.2
22.8
5.7

48.4
53.3
15.5
9.7
22.4
5.6

48.8
50.7
14.5
8.1
22.4
5.7

48.6
50.3
13.9
7.9
22.7
5.8

48.1
49.0
13.4
7.5
22.7
5.4

48.3
51.0
13.8
8.9
22.8
5.6

3
4
5
6
7
8

79.9

81.6

82.9

83.7

86.4

86.0

86.9

89.3

88.7

89.3

90.5

91.4

93.3

94.0

96.5

97.9

99.5

101.8

103.0

104.3

105.3

48.6
31.3
2.1
3.6
6.4
19.2

49.3
32.3
2.1
3.6
6.7
19.9

50.1
32.8
2.1
3.6
6.5
20.6

50.7
32.9
2.2
3.6
6.5
20.7

51.7
34.7
2.2
3.6
6.9
22.0

52.0
34.0

52.6
34.4

52.9
36.4
2.2
3.8
7.3
23.0

52.9
35.8
2.3
3.7
7.4
22.3

53.5
35.8
2.3
3.8
7.5
22.2

54.2
36.3
2.3
3.8
7.6
22.6

54.8
36.6
2.4
3.8
7.6
22.8

55.5
37.8
2.5
3.8
7.7
23.8

56.1
37.9
2.6
3.9
7.9
23.6

57.1
39.5
2.6
4.0
8.0
24.8

57.7
40.2

58.8
40.7
2.8
4.2
8.5
25.2

59.6
42.2
2.8
4.4
8.6
26.3

60.2
42.7
2.9
4.5
8.9
26.4

61.3
43.0
3.0
4.7
9.2
26.1

61.9
43.5
3.0
4.9
9.4
26.2

9.5

17.6

8.4

7.1

6.2

6.5

7.2

6.1

2.2
3.8

7.3
20.6

6.5

5.5

2.2
3.8
6.9

21.4

6.8

25.1

1972

1971

1970

1969

2.7
4.1
8.2

1973*

48.8
51.8
13.4
9.8

23.1
5.5

49.8
55.0
14.1
11.5
23.9
5.6

107.9 110.7 112.6

9

65.2
47.3

10
11
12
13
14
15

63.1
44.8
3.1
4.9
9.5
27.3

64.3
46.4
3.2
5.0
9.8
28.5

3.2
5.0
9.9

29.2

197^I*

Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

257.6

258.4

255.7

255.1

252.2

249.2

249.2

250.3

249.2

246.8

250.5

251.0

254.1

253.2

252.0

253.2

254.7

250.5

251.1

253.5

254.0

123.9

123.4

120.6

119.4

115.2

111.3

108.5

108.0

105.7

102.0

104.7

103.2

104.9

103.5

100.6

99.6

100.4

94.9

94.2

94.9

94.7

58.2
61.2
15.0
16.6
26.1
3.5

56.3
58.9
14.9
14.2
26.3

54.8
53.6
14.9

54.1
53.9
14.6
10.2
25.3

53.7
52.0
13.2

52.9
49.1
12.0

50.7
54.2
13.1
10.8
25.7

49.8
50.8
12.8

49.8
49.8
12.2

49.0
51.4
12.1

48.4
46.6
10.7

47.7
46.5
10.0

47.6
47.3

6.2

9.3
7.0

47.9
46.7

25.0

51.4
51.8
11.2
10.4
25.8

50.0
53.5
13.6

25.0

52.1
52.6
11.7
11.0
25.4

26.0

26.5

26.7

26.5

25.8

26.5

27.2

27.7

3.4

55.6
55.7
14.9
11.6
25.6
3.6

II

III

IV

255.0 254.7 253.6

1

94.7

95.7

94.7

2

48.0

47.9
46.9

3

46.7

48.0
47.7

28.0

28.3

28.4

57.8
66.0
14.8
20.4
26.8

58.3
65.1
14.4
20.2
26.5

4.0

4.1

58.6
62.0
14.3
17.6
26.3
3.7

133.7

135.0

135.1

135.7

136.9

137.9

140.8

142.4

143.5

144.8

145.8

147.7

149.2

149.7

151.4

153.6

154.3

155.5

156.9

158.5

159.3

75.3
58.5

76.1
58.8

77.4
57.7

78.5
57.2

79.0
57.9

80.4
60.3
4.5
8.7
17.7
29.5

81.1
61.3

82.1
61.4

83.0
61.8

84.0
61.8

85.0
62.7

86.1
63.1

86.9
62.8

87.6
63.8

88.6
65.0

88.9
65.4

90.2
65.3

91.2
65.7

92.0
66.6

91.9
67.4

92.5
67.7

93.1
65.9

94.0
64.9

17.3
28.5

79.7
58.2
4.3
8.5
17.5
28.0

18.6
29.0

19.1
28.3

19.3
28.1

10.0
19.8
27.3

10.3
20.4
27.2

10.4
21.3
26.5

10.6
21.6
25.7

10.7
21.8
26.2

10.8
21.9
27.1

10.6
22.4
27.2

10.8
23.0
26.2

10.7
23.4
26.2

11.1
23.8
26.0

10.9
24.2
26.9

11.1
24.1
27.0

10.8
24.1
25.7

10.5
24.1
25.0

3.9
7.1

4.0
7.2

4.1
7.4

4.2
7.7

15.3
32.1

15.1
32.4

15.5
30.7

16.6
28.8




4.1
8.1

9.7

25.5
3.6

3.8

4.6
9.1

9.8

4.0

4.5
9.5

7.9

4.2

4.6
9.8

4.5

4.7

4.4

4.8

4.6

4.9

9.4

4.6

5.0

7.1

4.4

5.0

6.9

4.1

5.2

8.3

4.5

5.2

6.1

4.0

5.3

3.8

5.5

3.7

5.6

8.7
6.5

3.8

5.4

8.2
6.5
4.1

8.2
7.6

3.7

8.2
6.4

3.9

160.2 159.0 158.9

5.4

5.4

5.3

4
5
6
7
8
9
10
11
12
13
14
15

124

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.9.—Government Gross Fixed
1946

Line

1948

1947

1950

1949

1951

1952

1953

1954

1955

1956

1957

Millions of dollars
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

capital

2,444

3,619

5,284

6,986

7,727

10,665

10,642

11,542

12,120

11,972

13,682

15,052

Federal^
Structures .
New (including construction force
account compensation).
Net purchases of used structures
Durable eauipment

809
677
677

679
636
636

1,125
1,019
1,019

1,497
1,351
1,351

1,712
1,447
1,447

3,520
2,094
2,094

3,126
2,798
2,798

3,427
2,849
2,849

2,693
2,425
2,425

1,690
1,481
1,482

2,130
1,364
1,366

2,185
1 685
1,687

132

43

106

146

265

1,426

328

578

268

-1
209

-2
766

-2
500

26

25

39

54

63

125

188

199

175

150

155

178

188
2,023

204
856

158
1,304

137
2,043

177
2,295

887
6,553

1,387
13,389

1,290
12,012

1,003
10,339

1,287
9,784

1,360
10,494

1,287
10,741

1,635
1,403
1,366

2,940
2,527
2,479

4,159
3,589
3,527

5,489
4,887
4,781

6,015
5,385
5,242

7,145
6,419
6,274

7,516
6,728
6,594

8,115
7,278
7,103

9,427
8,479
8,284

10,282
9,274
8,946

11,552
10,369
10,006

12,867
11,460
11,085

37
232

48
413

62
570

106
602

143
630

145
726

134
788

175
837

195
948

328
1,008

363
1,183

375
1,407

34

62

88

120

131

157

197

195

216

219

257

273

Government gross
formation.

fixed

Addenda: Government enterprises
Construction force account
compensation.
Military facilities
Military equipment State and local
Structures
New (including construction force
account compensation).
Net purchases of used structures.
Durable equipment
-Addenda: Government enterprises
Construction force account
compensation.

Millions of 1972 dollars
18
19
20

fixed

capital

Federal
State and local

6,463

7,788

10,263

13,787

15,761

18,952

18,552

20,065

21,750

21,357

22,151

23,402

2,363
4,100

Government gross
formation.

1,517
6,271

2,223
8,040

2,937
10,850

3,471
12,'29O

6,228
12,724

5,602
12,950

6,000
14,065

4,873
16,877

3,031
18,326

3,387
18,764

3,327
20,075

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Excludes military facilities, military equipment, and net purchases of used structures
by defense agencies. Purchases of military facilities and military equipment are shown in

lines 9 and 10.

Table 3.10.—Social Insurance Funds
[Millions of
Line

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1966

1957

Federal
6,114

5,789

5,281

5,804

6,814

8,005

8,425

8,528

9,349

10,573

11,893

13,648

5,506

5,122

4,525

4,951

5,930

7,118

7,417

7,412

8,156

9,375

10,621

12,298

Personal contributions-

1,773

1,833

1,829

Employer contributions
Government and government enterprises.
Other

3,733
1,667
2,066

Receipts..
Contributions for social insurance-

Investment income.
ExpendituresBenefits
Administrative costs
Surplus or deficit ( - )

854
2,435

2,340

1,856

2,448

2,904

3,181

3,305

3,874

4,418

4,917

5,707

3,095
746

3,482
419

4,214
530

4,236
545

4,107
348

4,282
204

4,957
426

5,704
685

6,591
1,067

2,349

3,063

3,684

3,691

3,759

4,078

4,531

5,019

5,524

887

1,008

1,116

1,193

1,198

1,272

1,350

667

756

853

884

2,605

2,251

2,415

3,732

6,461

4,773

5,142

6,002

7,843

8,565

9,479

11,670

2,361
244

2,137
114

2,240
175

3,506
226

6,123
338

4,385
388

303

5,655
347

7,524
319

8,110
455

9,004
475

11,251
419

3,509

3,538

2,866

2,072

353

3,232

3,283

2,526

1,506

2,008

2,414

1,978

State and local
Receipts
Contributions for social insurancePersonal contributions
Employer contributions__
Government and government enterprises.
Other

693

799

956

1,081

1,286

1,542

1,770

1,952

2,226

2,388

2,673

2,994

595

695

841

944

1,128

1,357

1,553

1,721

1,954

2,077

2,315

2,582

238

285

349

378

446

538

612

749

318

357
257

410

492
368

566
430

682
520

819
636

941
726

1,041
801

1,205
952

1,259
998

1,412
1,125

1,597
1,286

124

136

162

183

215

240

253

261

287

311

115

137

158

185

217

231

272

311

358

412

571

677

768

863

958

1,041

1,182

1,335

552
19

658
19

750
18

843
20

938
20

1,022
19

1,161
21

1,307
28

1,002

1,089

1,268

1,347

1,491

1,659

100

298
112

Investment income...

98

Expenditures...

351

Benefits
Administrative costs..

343
8

431
13

342

512

Surplus or deficit ( - ) _

104

444

401
470
18

* Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




715

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

125

Capital Formation: Annually 1946-74
1958

1959

1960

1961

1962

1963

1964

1966

1965

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

MiUions of dollars
16,409

16,447

16,577

18,306

19,632

21,911

24,076

26,409

28,994

30,265

32,095

32,431

33,174

35,080

35,923

38,765

45,344

1

2,535
1,981
1,985

2,173
2,249
2,259

2,275
2,251
2,256

2,842
2,504
2,508

3,322
2,640
2,647

3,939
2,814
2,822

4,985
3,177
3,184

5,241
3,233
3,237

4,265
2,566
2,572

3,613
2,554
2,559

3,235
2,429
2,433

3,345
2,564
2,572

3,620
3,076
3,081

3,751
3,304
3,304

3,902
3,685
3,685

4,284
4,172
4,172

2
3
4

-4
554

-10
-76

-4
338

-7
682

-8
1,125

-7
1,808

-4
2,008

-6
1,699

-5
1,059

-4
806

-8
781

-5
544

229

477
237

446
240

411
211

442
206

431
212

534
229

559
180

587
167

665
148

935
165

1,203
199

0
447
1,529
214

0
217
1,584
239

0
112
1,839
276

5
6

208

-5
24
295
222

4,583
2,986
2,988
-2
1,597

1,402
11,732

1,465
12,433

1,366
9,588

1,371
11,983

1,266
11,955

1,179
11,119

910
9,982

830
9,056

727
9,767

695
11,676

808
12,233

879
12,138

718
13,201

901
11,346

1,003
12,478

1,170
10,640

1,185
9,629

9
10

13,874
12,483
12,070

14,274
12,839
12,346

14,302
12,702
12,241

15,464
13,786
13,269

16,310
14,524
13,956

17,972
15,969
15,356

19,493
17,232
16,485

21,424
18,953
18,048

23,753
20,993
20,043

26,000
23,042
22,061

28,482
25,220
24,238

29,196
25,578
24,651

29,829
25,789
24,806

31,460
26,957
25,888

32,172
27,168
26,092

34,863
29,282
28,154

41,060
34,967
33,745

11
12
13

413
1,391

493
1,435

461
1,600

517
1,678

568
1,786

613
2,003

747
2,261

905
2,471

950
2,760

981
2,958

982
3,262

927
3,618

983
4,040

1,069
4,503

1,076
5,004

1,128
5,581

1,222
6,093

14
15

305

3,401
408

3,404
391

3,814
417

4,080
443

4,165
498

4,760
493

5,024
521

5,116
554

5,745
561

6,804
626

6,866
659

7,027
707

7,128
761

7,708
772

8,579
775

10,750
901

16
17

7
8

MiUions of 1972 dollars
25,903

25,999

26,424

28,974

30,470

33,438

36,117

38,574

40,880

41,472

42,112

39,786

37,488

36,901

35,923

36,306

35,868

18

3,873
22,030

3,397
22,602

3,573
22,851

4,359
24,615

4,965
25,505

5,764
27,674

6,529
29,588

6,960
31,614

7,111
33,769

5,746
35,726

4,660
37,452

3,982
35,804

3,660
33,828

3,751
33,150

3,751
32,172

3,761
32,545

3,559
32,309

19
20

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Receipts and Expenditures: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

Line

13,744

16,241

18,992

19,691

21,922

24,611

25,627

26,831

35,189

39,230

43,638

50,319

54,489

59,704

67,823

85,130

96,079

12,418

14,920

17,621

18,261

20,476

23,096

23,973

25,012

33,121

36,730

40,812

46,966

49,728

54,904

62,754

79,405

89,419

2

5,759

6,734

7,976

8,266

8,840

10,197

10,771

11,344

15,615

18,120

20,158

23,350

24,722

27,140

30,263

37,993

42,943

3

6,659
1,290

8,186
1,385

9,645
1,564

9,995
1,645

11,636
1,802

12,899
2,040

13,668
2,285

17,506
2,838

18,610
3,181

20,654
3,631

23,616
4,148

25,006
4,915

27,764
5,719

32,491
6,485

41,412
7,696

46,476
8,903

4
5

5,369

6,801

8,081

8,350

9,834

10,859

13,202
2,224
10,978

11,383

14,668

15,429

17,023

19,468

20,091

22,045

26,006

33,716

37,573

6

1,326

1,321

1,371

1,430

1,446

1,515

1,654

1,819

2,068

2,500

2,826

3,353

4,761

4,800

5,069

5,725

6,660

7

15,387

16,032

17,441

20,765

21,203

22,392

22,852

24,810

27,714

33,115

38,306

42,240

50,315

59,177

65,258

76,048

90,310

8

14,813
574

15,334
698

16,733
708

19,879
886

20,310
893

21,422
970

21,877
975

23,728
1,082

26,506
1,208

31,881
1,234

36,919
1,387

40,115
2,125

48,145
2,170

56,719
2,458

62,472
2,786

73,310
2,738

87,009
3,301

9
10

-1,643

209

1,551

-1,074

719

2,219

2,775

2,021

7,475

6,115

5,332

8,079

4,174

527

2,565

9,082

5,769

11

3,280

3,703

4,165

4,521

4,817

5,289

5,936

6,357

7,310

8,571

9,431

10,346

11,802

13,295

14,664

16,302

18,026

12

2,790

3,086

3,437

3,675

3,859

4,217

4,690

5,012

5,703

6,655

7,241

7,929

8,984

9,940

10,840

12,078

13,470

13

1,102

1,202

1,302

1,388

1,478

1,580

1,793

1,982

2,177

2,491

2,691

2,958

3,310

3,630

3,907

4,209

4,472

14

1,688
1,408

1,884
1,588

2,135
1,819

2,287
1,959

2,381
2,027

2,637
2,250

2,897
2,482

3,030
2,595

3,526
3,065

4,164
3,673

4,550
4,026

4,971
4,409

5,674
5,057

6,310
5,641

6,933
6,188

7,869
7,014

8,998
8,021

15
16

280

296

316

328

354

387

415

435

461

491

524

562

617

669

745

855

977

17

1

490

617

728

846

958

1,072

1,246

1,345

1,607

1,916

2,190

2,417

2,818

3,355

3,824

4,224

4,556

1,524

1,682

1,871

2,072

2,234

2,476

2,745

2,923

3,332

3,776

4,087

4,490

5,048

5,804

6,531

7,458

8,255

18
1
9

1,462
62

1,603
79

1,804
67

1,990
82

2,164
70

2,375
101

2,633
112

2,800
123

3,197
135

3,631
145

3,923
164

4,306
184

4,836
212

5,557
247

6,256
275

7,131
327

7,894
361

20
21

1,756

2,021

2,294

2,449

2,583

2,813

3,191

3,434

3,978

4,795

5,344

5,856

6,754

7,491

8,133

8,844

9,771

22




126

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.11.—Contributions for
[Millions of

Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

1946
Contributions for social insurance..

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

6,101

5,817

5,366

5,895

7,058

8,475

8,970

9,133

10,110

11,452

12,936

14,880

4,090

3,699

3,188

3,661

4,164

5,033

5,177

5,148

5,487

6,216

7,116

8,188

Federal social insurance funds
Old-age, survivors, disability, and
hospital insurance.
Old-age, survivors, and disability
insurance.
Hospital insurance
_
_

3,733
687
687

3,289
780

2,696
839

3,095
816

3,482*
1,308

4,214
1,660

4,236
1,776

4,107
1,882

4,282
2,458

4,957
2,825

5,704
3,043

6,591
3,673

780

839

816

1,308

1,660

1,776

1,882

2,458

2,825

3,043

3,673

State unemployment insurance
Federal unemployment tax
Railroad unemployment i n s u r a n c e Railroad retirement
Federal ci vi lian employees retirement.
Veterans life insurance
Workmen's compensation

893
184
139
163
241
1,413
13

1,029
212
143
271
241
599
14

965
228
25
283
244
98
14

1,010
223
23
277
273
459
14

1,217
232
24
282
316
80
23

1,465
263
26
307
316
144
33

1,350
263
25
319
326
138
39

1,288
298
25
312
188
71
43

1,081
289
24
294
42
50
44

1,221
304
25
308
144
82
48

1,475
326
76
316
393
23
52

1,507
337
97
304
599
18
56

State and local social insurance funds..
State and local employees retirement.
Cash sickness compensation
Workmen's compensation

357
250

410
290

492
360

682
510
7
165

819
625
2
192

941
715
4
222

1,041
790
4
247

1,205
940
4
261

1,259
985
5
269

1,412
1,110
4
298

1,597
1,270
6
321

Employer contributions

Personal contributions
Fede ral social insurance funds
Old-age, survivors, disability, and
hospital insurance.
Employees
Old-age, survivors, and disability insurance.
Hospi tal insurance
Self-employed

1C7

120

132

566
420
2
144

2,011

2,118

2,178

2,234

2,894

3,442

3,793

3,985

4,623

5,236

5,820

6,692

1,773
687

1,833
780
780
780

1,829
839

1,856
816

2,448
1,308

2,904
1,660

3,181
1,982

3,305
2,101

3,874
2,681

4,418
3,123

4,917
3,511

5,707
4,195

839
839

816
816

1,308
1,308

1,660
1,660

1,776
1,776

1,882
1,882

2,458
2,458

2,825
2,825

3,043
3,043

3,673
3,673

219

223

298

468

522

687
687

206

»

25
26
27
28
29

Supplementary medical insurance
State unemployment insurance
Railroad retirement
Fede ral civilian employees retirement.
Veterans life insurance

44
163
262
617

33
271
246
503

18
283
275
414

11
277
350
402

13
282
371
474

13
307
391
533

14
319
427
439

14
312
431
447

13
294
430
456

14
308
513
460

16
316
600
474

15
304
674
519

30
31
32

State and local social insurance funds..
State and local employees retirement.
Cash sickness compensation

238
190
48

285
230
55

349
280
69

378
330
48

446
395
51

538
490
48

612
560
52

680
625
55

749
690
59

818
755
63

903
835
68

985
915
70

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




127

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Social Insurance: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

15,208

18,006

21,058

21,936

24,335

27,313

28,663

30,024

38,824

43,385

48,053

54,895

8,347

10,070

11,780

12,282

14,017

15,536

16,099

16,698

21,032

22,774

25,204

28,587

6,659
3,657

8,186
4,556

9,645
5,632

9,995
5,700

11,636
6,226

12,899
7,464

13,202
7,846

13,668
8,330

17,506
12,053

18,610
13,411

20,654
15,296

3,657

4,556

5,632

5,700

6,226

7,464

7,846

8,330

11,033

11,866

1,020

1,545

1973*

1974*

73,594

91,483

102,889

1

39,424

49,281

55,474

2

27,764
20,842

32,491
23,367

41,412
30,441

46,476
34,499

3
4

16,381

18,411

20,641

25,184

29,137

5

2,371

2,431

2,726

5,257

5,362

6

7

1971

1972

58,712

64,844

30,680

34,074

23,616
18,081

25,006
18,752

13,184

15,794

2,112

2,287

Line

1,503
326
106
265
726
13
63

2,024
337
151
287
755
12
64

2,300
343
165
297
838
10
60

2,464
456
153
275
875
10
62

2,997
947
160
289
943
8
66

3,034
847
156
287
1,034
8
69

3,059
619
153
305
1,138
10
72

3,076
558
149
326
1,146
9
74

3,014
597
146
363
1,244
7
82

2,614
601
141
402
1,339
9
93

2,536
634
136
438
1,501
9
104

2,529
669
131
464
1,612
9
121

2,493
854
128
517
2,104
11
147

2,706
853
123
535
2,521
8
176

4,169
1,182
119
567
2,872
12
203

5,111
1,511
118
768
3,217
9
237

5,320
1,289
119
1,129
3,809
2
309

8
9
10
11
12
13

1,688
1,370
6
312

1,884
1,559
6
319

2,135
1,775
7
353

2,287
1,903
7
377

2,381
1,970
8
403

2,637
2,187
8
442

2,897
2,417
8
472

3,030
2,525
9
496

3,526
2,980
10
536

4,164
3,574
10
580

4,550
3,916
15
619

4,971
4,288
19
664

5,674
4,921
28
725

6,310
5,487
37
786

6,933
6,025
44
864

7,869
6,828
47
994

8,998
7,803
41
1,154

14
15
16
17

6,861

7,936

9,278

9,654

10,318

11,777

12,564

13,326

17,792

20,611

22,849

26,308

28,032

30,770

34,170

42,202

47,415

18

5,759
4,238

6,734
5,146

7,976
6,331

8,266
6,525

8,840
7,068

10,197
8,348

10,771
8,853

11,344
9,351

15,615
13,138

18,120
15,221

20,158
16,885

23,350
19,859

24,722
20,690

27,140
22,789

30,263
25,525

37,993
33,012

42,943
37,646

19
20

3,657
3,657

4,556
4,556

5,632
5,632

5,700
5,700

6,226
6,226

7,464
7,464

7,846
7,846

8,330
8,330

12,066
11,045

13,426
11,879

15,310
13,196

18,096
15,807

18,768
16,395

20,860
18,428

23,392
20,664

30,470
25,208

34,538
29,166

21
22

581

590

699

825

842

884

1,007

1,021

1,021
1,072

1,547
1,795

2,114
1,575

2,289
1,763

2,373
1,922

2,432
1,929

2,728
2,133

5,262
2,542

5,372
3,108

23
24

13
265
726
517

13
287
760
528

14
297
794
540

16
275
883
567

19
289
900
564

21
287
972
569

20
305
1,052
541

20
326
1,082
565

320
21
358
1,172
606

636
22
375
1,277
589

828
25
414
1,424
582

908
27
443
1,535
578

1,091
38
437
1,887
579

1,293
29
450
1,988
591

1,375
26
499
2,144
694

1,543
27
522
2,246
643

1,795
29
361
2,455
657

25
26
27
28
29

1,102
1,025
77

1,202
1,114
88

1,302
1,201
101

1,388
1,280
108

1,478
1,341
137

1,580
1,401
179

1,793
1,591
202

1,982
1,729
253

2,177
1,902
275

2,491
2,204
287

2,691
2,383
308

2,958
2,615
343

3,310
2,974
336

3,630
3,279
351

3,907
3,495
412

4,209
3,758
451

4,472
4,005
467

30
31
32




128

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.12.—Government Transfer
[Millions of

Line
1
2
3
4
5
6
7
8
9

1946
Government transfer payments to
persons.

1947

1948

10,848

10,627

8,830

2,361
378

2,137
463

1,133
1,095

Benefits from social insurance funds
Old-age, survivors, and disability
insurance.
Hospital and supplementary medical
insurance.
Unemployment insurance
State
Federal employees
Railroad

11,150

9,125

Federal

1950

1949

829
775

1952

1951

1954

1953

1956

1955

1957

12,103

12,900

15,104

16,236

17,310

8,525

8,761

9,448

11,512

12,421

13,373

15,734

4,385
1,872

4,839
2,177

5,655
2,979

7,524
3,633

8,110
4,915

9,004
5,652

11,251
7,321

1,068
992

1,046
954

2,221
2,015

1,520
1,373
27
120

1,899
1,724
31
144

11,722

14,404

7,632

8,740

10,829

2,240
552

3,506
664

6,123
954

850
790

1,865
1,730

1,457
1,367

884
837

11,644

20,081

38

54

60

135

90

47

76

92

206

1,516
1,341
28
147

161
348

198
281

251
220

288
242

307
273

318
288

442
328

469
396

529
412

566
453

624
554

688
647

12
13

Railroad retirement
Federal civilian employees retirement.
Civil service..
Other i

345
3

278
3

216
4

237
5

267
6

283
5

322
6

405
7

445
8

545
9

637
10

14
15

Veterans life insurance.
Workmen's compensation

328
13

352
14

353
14

433
14

3,109
23

990
33

785
39

389
7
722
43

685
44

612
48

602
52

640
56

125
6,509
1,580
1,313
1,467
2,149

166
6,230
2,042
1,843
762
1,583

226
4,828
2,110
1,864
420
434

298
4,596
2,147
1,898
382
169

329
4,018
2,192
1,676
32
118

343
3,502
2,126
1.220
2
154

359
3,342
2,239
649
0
454

388
3,215
2,400
459
0
356

420
3,446
2,514
504
103
325

466
3,733
2,706
648
82
297

519
3,737
2,764
726
55
192

556
3,801
2,921
708
49
123

10
11

16
17
18
19
20
21

M ilitary retirement
Veterans benefits. .
Pension and disability
Readjustment
Unemployment
Others

22
23
24
25
26
27

Food stamp benefits
Black lung benefits
Special unemployment benefits .
Supplemental security income
Direct relief.
Other*

28

130

297

338

340

359

295

221

190

122

112

113

126

1,723

State and local

2,320

2,995

2,982

3,575

3,119

3,342

3,452

3,592

3,815

3,937

4,347

392
275
22
95

431
300
26
105

470
325
31
114

552
385
38
129

658
475
36
147

750
545
43
162

843
620
49
174

938
690
60
188

1,022
760
63
199

1,161
872
74
215

1,307
995
84
228

J

1,478
295

1,727
364

2,169
475

2,345
551

2,267
552

2,297
539

2,357
545

2,495
613

2,563
633

2,766
714

1

1,019
164

1,165
198

1,414
280

1,504
290

1,523
192

1,590
168

1,662
150

1,665
195

1,670
212

1,734
196

1,842
210

450

837

343

678

194

295

252

221

298

213

274

29
30
31
32

Benefits from social insurance f u n d s . . .
Government pensions
Cash sickness compensation
Workmen's compensation

343
255
5
83

33
34
35
36

Direct relief
Aid to families with dependent
children.
Other categorical public assistance *..
General assistance

1 1,057

37

Other*

1,177

120
203

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.
1. Consists largely of foreign service and Tennessee Valley Authority.
2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits.
3. Consists largely of payments to nonprofit institutions and aid to students.

4. Prior to 1974, consists of old-age assistance, aid to the blind, and aid to the permanently
and totally disabled. In 1974, these programs were replaced by the Federal supplementary
security income (SSI) program. Beginning with 1974 consists of State benefits under the SSI
program. Federal SSI benefits are shown in line 25.
5. Consists largely of educational assistance, medical insurance premiums paid on behalf
of indigents, veterans bonuses, other types of veterans aid, and foster care payments.

Table 3.13.—Subsidies Less Current Surplus
[Millions of
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

1961

1960

1965

1966

State and local

.-

.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Consists largely of subsidies to exporters of farm products and to railroads.

4,222

1,683

1,758

1,120

1,658

1,610

4,011

4,211

3,874

4,506

4,576

5,498

2,137
1,515
159
299
81
83
-1,874
-779
-1,629
134
99
301

2,399
1,728
176
338
83
74
-1,812
-800
-1,590
145
98
335

2,310
1,683
195
279
83
70
-1,564
-590
-1,584
153
105
352

2,800
2,175
210
283
82
50
-1,706
-679
-1,712
175
121
389

3,070
2,462
234
276
79
19
-1,506
-728
-1,501
196
118
409

4,008
3,282
254
255
67
150
-1,490
-954
-1,239
181
114
408

-2,193

Subsidies . .
Agricultural
Housing
.
Maritime
_.
. .
..
Air carriers
Other1
..
Less: Current surplus of government enterprises
Postal Service
Commodity Credit Corporation
Federal Housing Administration
Tennessee Valley Authority
Other 2




1964

1,239
719
146
242
70
62
-1,376
-610
-1,284
122
98
298

...

.

Subsidies
Less: Current surplus of government enterprises
Water and sewerage
Gas and electricity
.
.
Toll facilities
Liquor stores
Air and water terminals
Housing and urban renewal
Public8 transit
Other

1963

2,615

Subsidies less current surplus of government enterprises
Federal

1962

-2,328

-2,453

-2,754

-2,848

-2,966

-3,002

0
2,193
654
649
359
251
86
180
-18
32

0
2,328
651
675
373
252
106
203
10
58

0
2,453
766
706
405
256
117
175
17
11

12
2,766
879
856
426
264
137
223
—31
12

10
2,858
918
875
463
278
151
204
—28
-3

18
2,984
952
909
513
301
170
207
-61
-7

24
3,026
945
914
549
325
194
191
-55
-37

2,496

2. Consists largely of Federal Deposit Insurance Corporation, Federal Savings and Loan
Insurance Corporation, Government National Mortgage Association, and Export-Import
Bank.
3. Consists of State lotteries, off-track betting, local parking, and miscellaneous activities.

129

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Payments to Persons: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

24,341

25,209

26,966

30,782

31,626

33,433

34,775

37,602

41,627

49,458

56,542

62,674

75,898

89,869

99,377

113,483

134,530

1

Line

19,550

20,117

21,562

24,980

25,587

27,025

27,875

30,285

33,480

40,080

45,957

50,563

61,335

72,664

80,461

93,186

114,511

-2

14,813
8,478

15,334
10,175

16,733
11,130

19,879
12,614

20,310
14,298

21,422
15,245

21,877
16,018

23, 728
18,067

26,506
19, 786

31,881
21,122

36,919
24,598

40,115
26,382

48,145
31,380

56,719
36,617

62,472
40,948

73,310
50,655

87,009
57,617

3
4

1,008

4,341

5,628

6,536

7,075

7,834

8,607

9,712

12,510

5

4,146
3,796
68
282

2,754
2,408
57
289

2,996
2,727
55
214

4,295
3,981
59
255

3,104
2,868
53
183

2,971
2,763
60
148

2,688
2,506
58
124

2,299
2,149
49
101

1,875
1,756
41
78

2,191
2,074
42
75

2,141
2,010
50
81

2,243
2,102
47
94

3,986
3,812
79
95

5,796
5,567
109
120

5,615
5,400
128
87

4,282
4,100
124
58

6,639
6,437
150
52

6
7
8
9

737
737

833
853

949
938

994
1,009

1,040
1,115

1,070
1,261

1,097
1,381

1,140
1,516

1,202
1,876

1,308
2,067

1,471
2,264

1,541
2,553

1,745
3,024

1,995
3,504

2,154
4,145

2,566
5,041

2,787
6,293

10
11

726
11

842
11

926
12

995
14

1,098
17

1,242
19

1,361
20

1,493
23

1,850
26

2,038
29

2,231
33

2,513
40

2,975
49

3,445
59

4,078
67

4,963
78

6,199
94

12
13

652
63

655
64

660
60

905
62

687
66

806
69

759
93

713
104

739
121

788
147

797
176

800
203

817
237

854
309

14
15

636
3,873
3,282
479
99
13

757
3,828
3,442
301
83
2

864
3,933
3,647
179
106
1

969
3,919
3,743
97
78
1

1,120
4,016
3,871
54
90
1

632
74
1,507
4,259
4,184
9
66

677
82

622
3,934
3,145
624
98
67

621
72
1,331
4,075
3,954
32
88
1

1,721
4,159
4,038
83
38

1,987
4,799
4,446
307
46

2,288
5,159
4,592
499
68

2,661
5,884
5,090
708
86

3,162
6,788
5,433
1,154
201

3,673
7,889
5,884
1,656
349

4,161
8,868
6,312
2,192
364

4,695
9,484
6,461
2,823
200

5,658
10,713
7,115
3,352
246

16
17
18
19
20
21

7

14

26

28

45

84

139

198

264

1,103
110

1,698
379

1,980
554

2,209
1,057

3,446
962
4,031

22
23
24
25

181

224

244

297

375

441

564

746

1,010

1,274

1,393

1,639

2,027

2,306

2,426

2,431

2,692

26
27

4,791

5,092

5,404

5,802

6,039

6,408

6,900

7,317

8,147

9,378

10,585

12,111

14,563

17,205

18,916

20,297

20,019

28
29
30
31
32
33
34

1,462
1,105
104
253

1,603
1,219
113
271

1,804
1,372
138
294

1,990
1,510
160
320

2,164
1,631
185
348

2,375
1,779
229
367

2,633
2,000
249
384

2,800
2,137
261
402

3,197
2,497
267
433

3,631
2,877
285
469

3,923
3,112
317
494

4,306
3,420
357
529

4,836
3,898
39S
540

5,557
4,572
399
586

6,256
5,149
417
690

7,131
5,885
463
783

7,894
6,518
495
881

3,045
836

3,199
934

3,260
991

3,408
1,146

3,648
1,356

3,824
1,500

4,007
1,650

4,319
1,854

4,942
2,256

5,673
2,833

6,640
3,541

8,394
4,823

10,103
6,172

10,982
6,875

1,907
302

1,921
344

1,947
322

1,906
356

3,512
1,288
1,931
293

2,013
279

2,051
273

2,098
259

2,201
264

2,360
326

2,419
421

2,627
472

2,953
618

3,365
742

284

290

340

404

363

385

443

510

631

805

989

1,165

1,333

3,172
759
1,545

11,313
7,178
3,449
686

1,678

1,853

10,027
7,887
1,314
826
2,098

35
36
37

of Government Enterprises: Annually, 1960-74
dollars]
Line

1967
Subsidies less current surplus of government enterprises
Federal

Other 2

State and local
Subsidies
Less: Current surplus of government enterprises
Water and sewerage
Gas and electricity
Toll facilities
Liquor stores
Air and water terminals
Housing and urban renewal
Public transit
Other*




_

1__II_I_IIII

1970

1971

1972

1973*

1974*

1,817

2,716

2,387

3,588

3,712

697

4,495

5,165

6,316

6,192

7,805

8,222

5,235

4,259
3,489
327
316
51
76
-236
-754
-343
214
133
514

4,585
3,787
420
275
39
64
-580
-1,044
-557
230
145
646

4,840
3,674
606
328
31
201
-1,476
-1,943
-532
250
178
571

4,786
3,151
944
405
75
211
-1,406
-1,982
-514
282
238
570

6,783
3,948
1,439
440
67
889
1,022
1,466
-672
285
230
601

5,391
2,621
1,646
440
67
617
-2,831
-2,136
-1,740
260
257
528

3,449
530
2,139
461
75
244
-1,786
-1,922
-958
104
325
665

-3,055

-3,163

-3,348

-3,600

-3,805

4,217

-4,510

-4,538

26
3,081
904
963
570
350
229
190
-74
-51

27
3,190
933
1,023
599
377
259
214
-144

25
3,373
1,065
1,074
639
392
283
227
-165
-142

24
3,624
1,225
1,129
648
403
309
264
-215
-139

34
3,839
1,353
1,142
670
412
351

53
4,270
1,501
1,252
728
417
419
461
-541
33

1,619
4,674

Subsidies
Agricultural
Housing
Maritime..
Air carriers
_
Other i
Less: Current surplus of government enterprises
Postal Service
_
Commodity Credit Corporation
Federal Housing Administration
Tennessee Valley Authority

1968

3,870
3,116
278
284
60
132
-804
-1,057
-572
196
119
510

1,332

-71

-90

81
4,591
1,587
1,416
774
423
476
489
-729
155

114
4,652
1,627
1,549
811
429
527
524
-993
178

130

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.14.—Government Expenditures by Type
[Millions of
1952
State and local

Federal
Line

Expenditures

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

GrantsSubsidies
in-aid to less current
State and surplus of Expendilocal govgoverntures
ernments
ment
enterprises

Purchases
of goods
and
services

Subsidies
Transfer
payments less current
surplus of
and net
governinterest
ment
paid
enterprises

1

Total

171,052

52,365

15,306

2,646

767

25,481

23,217

2

National defense

46,138

45,838

341

69

-110

136

136

43,247
1,673
1,218

43,002
1,624
1,212

340
1

15
48
6

-110

50
48
38

50
48
38

6,315

1,640

4,797

11

-133

2,592

2,034
1,488
249
97

-133

1,488
249
642
13
200

8,247

8,217

6,840
1,052
355

6,840
1,052
325

30

2,267

2,229

. 38

3
4
5

Military services and foreign military assistance.
Nuclear energy research and development.
Other

6

Central administration and management

-1,091

Space research and technology

7

3,355

8
9
10
11
12
13
14
15
16
17
18
19

Administration
Property and records management
Personnel management and employment costs
Net interest paid
Other

Elementary and secondary
Higher
Other

222

2,088
35

199
(
\

30

Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance
Public assistance and relief
Other...
Civilian safety
Police
Fire
Correction
Labor

104

23
69

35

432

157

160

115

3,691

133

2,220

1,338

2,841

467

2,374

2,240

63

2,177

1,279
172

2
68

1,277
61

2,765
76

467

2,298
76

24

1,935

1,935

24

993
611
331

993
611
331

1,300

Social security and special welfare services

30

92

11

545
13

200

24

21

26

292

719
212
283

24

Health and hospitals

27
28
29

}

2,088

326

Education

292

292
2,088

Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers.

426

323
4 457
16

2,380

International affairs and finance

20

22
23
24
25

1

720
212
606
4,457
320

558

40

192

422

217

205

192

422

217

205

116

162

14

31
32

Unemployment insurance
Other.....

1,068
232

33

Veterans benefits and services

5,451

34
35
36
37
38

Pension and disability
Readjustment and other
Insurance..
Hospitals and medical care
Administration and other services

39

Regulation of commerce and finance

40

Transportation

41
42
43
44

Highways
Water
Railroads
Air

2,239
1,240
790
913
269

40
1,203
27
909
267

.

33

597

532
454
442
166

72
389

19

86

43

1,068
1,068
4,132
2,239
1,103
790

4
2

14

136

20
442

14

244
462

148
148

148

110

33

1,594

199

244

45

4,595

4,736

-141

45

4,512
20

4,621
52

-109
-32

63

63

0

-68

490
460

-178

29

-207

30

45

Other commerce and transportation

46

Utilities and sanitation

818

1,449

-631

47
48
49
50

Transit..
Gas and electricity
Water and sewerage
Sanitation

47
-86
511
346

65
203
835
346

-18
-289
-324

475

587

-112

475

587

-112J

51
52
53

Housing and community development
Urban renewal and community facilities
Public housing.

54

Nuclear enerifv research and develoDment

55
56
57
58
59
60
61
62
63
64

Postal services
Agriculture and agricultural resources
Stabilization of farm orices and income
Financing farm ownershiD and utilities
Conservation of agricultural resources
Other
Natural resources
Conservation and dftvpiotYmpnt of rpsonrpps
Recreation

-62

-71

5
-67

4
-75

136

131

834
1,267
689
61
363
154
1,206
1,179
27

20
956
665
61
116
114
1,194
1,167
27

1

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF


CURRENT BUSINESS.
1. Includes employee
http://fraser.stlouisfed.org/ compensation on a disbursement basis. The estimates by type of
Federal Reserve Bank of St. Louis

8
1

[

8
5
45

1
1

5
40
58
58

5

5

814
266
24

303

301

2

242

303

301

2

617
310
307

617
310
307

-47
-47

function include employee compensation on an accrual basis. Wage accruals less disbursements (in millions of dollars) for the Federal Government is as follows: 1952, 32; 1953, —76.
1971,39; 1972,483; 1973,8; 1974, -530; and for State and local governments; 1971,170; 1972, -150;
1973, - 2 0 .

131

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

of Function: Annually, 1952-74
dollars]
1954

1953
Federal

State and local

Subsidies
PurTrans- Grantsless
Exchases fer pay- in-aid to current
Expendi- of goods ments
State
surplus pendiand
tures
and net and local of govtures
services interest govern- ernment
ments
enterpaid
prises
1

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

3,459

State and local

Federal
Subsidies
less
Excurrent
surplus pendiof govtures
ernment
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
less
GrantsExin-aid to current
surplus pendiState
tures
of govand local
govern- ernment
enterments
prises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

3,652

Subsidies Line
less
current
surplus
of government
enterprises
-1,318

1

77,108

57,530

15,980

2,834

688

27,278

24,994

69,772

47,933

17,932

2,913

994

30,161

27,827

48,945

48,594

369

90

-108

160

160

41,511

41,112

399

98

-98

172

172

o

46,117
1,760
1,068

45,837
1,703
1,054

368
1

20
56
14

-108

62
56
42

62
56
42

38,492
1,821
1,198

38,166
1,765
1,181

399
0

25
56
17

-98

73
56
43

73
56
43

3
4
5

6,355

1,476

5,001

12

-134

2,823

2,196

6,411

1,436

5,067

22

-114

3,150

2,400

746
167
573
4,554
315

745
167
183

1,574
263
128

516

407
4,644
15

-114

1,695
321
849
60
225

1,695
321
159

-134

677
147
504
4 644
439

676
147
97

381

1,574
263
748
7
231

1

390
4,554
56

2,216

238

1,978

1,989

213

1,776

13

236
1,980

236
2

1,978

14
15

366

106

20

-1,175

6

1

12

231

627

620
7

212
1,777
240

9,250

9,211

240

7,797
1,082
371

7,797
1,082
332

133

15

7

690
60

8
9
10
11
12

225

1,776

394

39

212
1

22

750

246

10,498

10,453

45

16

246

( 8,938
I 1,177
383

8,938
1,177
338

45

17
18
19
20

} 259

19

107

87

347

150

107

90

2,399

2,361

38

292

119

86

87

2,525

2,487

38

212

3,025

1,455

2,932

498

2,434

5,420

243

3,679

1,498

3,101

555

2,546

21

3,699

66

3,633

1,396
254

63
2
147

2,979

1,439
282

2
175

46

2,434
112

22
23
24
25

24

29

4,692
3,042

20

1,394
61

2,856
76

498

24

2,076

24

24
26

448

225

46

1,046

1,046
220

26

5,097

1,097

3,941

26

2,400
815
726

2,400
894
726
851
226

847
224

44

474

596
412
469
151

59
301

-55

15

194
194

448

59

106

44

1.628

1,046

53

13
277

560

13

93

4
2
490

225

9
124

15

2,989
112

555

29

2,269

2,269

26

29

29

1,194
683
392

1,194
683
392

27
28
29

223

2,483

58

487

239

223

2,221
262

1,095
624
357

1,266

139

2,076

1,095
624
357

{ 255
39

2,358
76

5,114

93

2,514
980
689
736
195

93

13
277

38

2,221
2,221

58
949
24
732
193

4,135
2,514
932
689

1,437
61

204

487

239

30

30

12

18

30

248

31
32

18

33

18

204

248

34
35
36
37
38

24
4
2

12

12

38

269

269

410

170

5,705

5,878

-173

40

103

5,563
89

5,704
115

-141
-26

67

53

59

-6

41
42
43
44

-57

-177

39

-216

45

39

-78

1

14
-74

1

109

4
-82
104

614
4,178
3,665
43
297
173
1,266
1,239
27

17
3,755
3,469
43
111
132
1,276
1,249
27

4,956
86

14

49

54

-180

25
1,480

—695

842

1,637

-795

46

23
-42
443
361
-60

90

4,829
53

-71

23
1

104

785

114

21
469

537

4,931

48
280
791
361

—25
—322
-348

-23
-75
561
379

62
270
926
379

-85
-345
-365

47
48
49
50

306

416

-110

226

360

-134

51

226

360

(
-134 \

52
53

6

6

17
9
8

306

1
1




5
41
66
66

-165

-5

49

-91

109

-104

321

5

181

326

321

5

4
-108

118

326

634
279
355

-7

17
-110 (. -108

5

634
279
355

60
241

-205

597
377
196

-77
-77

1,716
632
366
529
189

-127
-33

416

5

5
46

5,096

20
2,032
1,757
38
98
139
1,084
1,051
33

22
529

585
572
13

1

1
1

112

382
2,925
2,382
38
323
182
1,048
1,015
33

551

12
12

\

6
51

1
1

8
43
74
74

54

362
842
625

348

341

7

217

348

341

7

710
303
407

710
303
407

-111
-111

55
56
57
58
59
60
61
62
63
64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

132

Table 3.14.—Government Expenditures by
[Millions of
1955
Federal
Line
Expenditures

State and local

Transfer
payments
and net
interest
paid

Purchases
of goods
and
services

GrantsSubsidies
in-aid to 1ess current
State and surplus of Expendilocal govgoverntures
ernments
ment
enterprises

Purchases
of goods
and
services

1

Total

68,142

44,455

19,061

3,120

1,506

32,936

30,551

2

National defense

38,898

38,446

444

92

-84

159

159

36,553

36,183

444

10

-84

62

62

1,526
819

1,466
797

0

60
22

60
37

60
37

6,565

1,513

5,063

-31

3,411

2,557

709
155
645
4,598

708
155
198

1

1,754
374
200

-31

1,754
374
960
94
229

Subsidies
Transfer
payments less current
surplus of
and net
governinterest
ment
paid
enterprises

3

Military service and foreign military assistance

4
5

Nuclear energy research and development
Other

6

Central administration and management

-1,524

Space research and technology

7

3,909

8
9
10
11
12

13
14
15
16
17
18
19

Administration
.
Property and records management
Personnel management and emrjlovment costs
Net interest paid
Other

Health and hospitals

21

Social security and special welfare services

25

Old-age survivors and fiisalvilitv- insurance
Hospital and supplementary medical insurance
Public assistance and relief
Other

222

2,042

137

15

251

261
142

10
127

15

251
0

300

127

75

6,644

153

4,965

5,004

89

4,915

1 468
172

2
62

50

854

2,042

221
1

403
>

447
4,598
17

221
2,043

Education

452

2,264

Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers

20
22
23
24

458

International affairs and finance

Elementary and secondary
Higher. _
Other

20

20

760
94

229

11,807

11,764

43

10,075
1,335
397

10,075
1,335
354

43

98

2,673

2,639

34

1,526

3,205

587

2,618

1,466

3,083
122

587

2,496

(

60

122

26

Civilian safety

29

29

2,458

2,458

27

Police.
Fire
Correction

29

1,302
725
431

1,302

29
1,786

56

214

513

251

262

214

513

251

262

20

104

12

92

28

29
30

Labor.

1,516

31
32

Unemployment insurance
Other

1,516
270

56

33

Veterans benefits and services

5,324

955

4,349

13

2,706
1,027

34
36
37
38

Pension and disability
Readjustment and other
Insurance
Administration and other services
Hospitals and medical care

39

Regulation of commerce and finance

40

Transportation

41

Highways
Water
Railroads
Air

35

42
43
44

13

616

5
2

35

402

759

58

350
566
172

223

-38

8

589

713

104

23
566

-14
-234

Utilities and sanitation

1,085

2,009

-924

Transit.
Gas and electricity
Water and sewerage
Sanitation

1
-80
765
399

80
1,210
399

-79
-400
-445

68

220

-152

68

220

-152

10

10

364

358

6

6

Housing and community development
Urban renewal and community facilities

12

1

I

-287

-325

1

37

43
-330

5
-330

1

37

Nuclear enerffv research and develooment

145

135

510

24

56

Agriculture and agricultural resources

64

75
63

Postal services

62
63

-165
-35

40

83

54

61

-214

6,221

49

121

55

57
58
59
60

6,359

6,056

143

701

12
275

6,145

35

1,847

12
275

182

-151

46

52
53

760

92

92

39

Other commerce and transportation

51

1,516

-47

45

47
48
49
50

2,706
1,053
616
765
184

725

431

St£tbiliz£Ltion of farm Dricps and inoomp
Financing farm ownership and utilities
Conservation of agricultural resources
Other
Natural rpsnurrps
Conservation and dpvplornTiAnt of rp^ourpp^
Recreation
General revenue sharing




2,909

853

773
35

818
35

486

1,372
36
110

808

10

1,685

2,348
36
310
215

}

320

60

1,164
976

12
48

188

364

358

1

79

-125

810

810

1

79

-125

332
478

332
478

i

133

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Type of Function: Annually, 1952-74—Continued
dollars]
1957

1956
Federal
Purchases
Expendi- of goods
and
tures
services

Subsidies
Trans- Grantsless
Exfer pay- in-aid to current
ments
State
surplus pendiand net and local of govtures
interest govern- ernment
paid
ments
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

4,020

State and local

Federal

State and local
Subsidies
less
Excurrent
surplus penditures
of government
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
Grantsless
Exin-aid to current
surplus pendiState
tures
and local of govgovern- ernment
enterments
prises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

4,425

Subsidies Line
less
current
surplus
of government
enterprises
-1,712

1

71,918

45,902

20,312

3,331

2,373

35,871

33,490

79,624

49,964

23,047

4,209

2,404

39,835

37,122

40,686

40,156

496

109

-75

186

186

44,614

44,017

531

148

-82

236

236

2

38,461

38,021

496

19

-75

78

78

41,710

41,231

531

30

-82

93

93

3

1,577
648

1,509
626

0

68
22

68
40

68
40

1,891
1,013

1,795
991

0

96
22

96
47

96
47

4
5

7,177

1,581

5,634

23

-61

3,833

2,878

955

7,559

1,424

6,183

23

-71

4,404

3,331

705
189
968
5,071
244

704
189
421

1

1 958
359
237

1

872
83

703
202
951
5,538
165

702
202
312

—71

2,224
404
1,255
78
443

2,224
404
260

—61

1 958
359
1,109
83
324

-1,639

6

'

267

547
5,071
15

2,147

279

1,868

242
1,905

242
37

1 868

385

129

16

12
117

324

240

77

7,789

469

5,706

5,753

101

12,938

12,885

(10,935
I 1,528
475

10,935
1,528
422

53

2,867

2,860

7

1
367

30

119

\
)

639
5,538
5

301

1,775

13

300
1

1 775

14
15

460

53

177

17

12
165

3,373

693

217

98

9,722

496

7,380

140

14,009

13,942

67

16

(11,739
\ 1,755
515

11,739
1,755

67

17
18
19

8

20

2,886

21

2
354

23

141

3,297
3,614

7,321

1,729
532

2,680

443

266

17

7,461

1,614

23

266

278
182
456

5,652

1,539
497

995
78

208

300
1 776

16

206

7
8
9
10
11
12

2,076

23

240

252
133
402

)

1,073

1,846

448
3,289
728

22
Oq

1,538
76

3,257
116

693

30

2,650

2,650

30

30

1,410
773
467

1,410
773
467

1,812

61

558

269

54

1,520

1,520
292

61

5,345

986

4,343

8

2,764
973
606

2,764
989
606
797
189

791
187

39

471

827
418
624
188

54
285

61

61

2,880

26

1,565
849
466

1,565
849
466

27
28
29

257

598

286

312

30

257

598

286

312

31
32

8

87

16

71

33

71

34
35
36
37
38

23

23

2,207

51
51
1,013

4,445

9

2,921
880
644

289

16

42

13

29

5,466

29

813
191

791

147

13
305

47

6,956

2,613

496

24
624

18

1

-22

1

23

6

1

OQ

198

644

29

2,197

23

}

92

91

-200
-43

714
26
688

7,351
66

89
-317
-256
-30

7,607
96

40
41
42
43
44

-31

45

-969

1,422

2,433

-1,011

46

109
356
1,291
441

—71
-410
—488

54
15
879
474

119
457
1,383
474

-65
-442
-504

47
48
49
50

183

-160

46

198

-152

51

198

-152 (
I

52
w

33

12

2

{ 1

2

31

253

231
46

22

968

1,007

2

87

-128

944

944

1,135

1,176

2

957
50

2

87

-128

431
513

431
513

1,077
58

1,118
58

2

7

2,254

146

7

896
46
1 062
250

383

22

54

22

55

556

918
50

383

-203
46
117
186

1 414

37

31

9

602

14

-160

45

222




7,860

-232

183

390

7,543

52

23

390

78

1

-121
47
117
179

462

1,255

115

16
350

157

207

1,293
47
594
235

15
56

1,288

16
350

2,169

1,876

6
2

126

615
71

71

-180

14

14

59
230

—24

74

1,314
334
688
277

-243

102

OQ

212

78
-169

16

»

38

-267

6,755
99

109

16

(

6,555
56

-1

773

1,899
1,899

47

6,689

6
2

2 921
889
644
819
193

305
648

13

8

59

289

269

38
-54
803
441
-5

2,880

558

1,228

132

23

231

29

24
25

728

1,899
308

39

2,057

1,520

231

2,564
116

2,767
119

3,495
119

1,727
119

439

431

8

56

928

439

431

8

57
58
59
60

98

-141

1,068

1,068

61

98

-141

498
570

498
570

62
63

81

2,027
1,099

17
64

64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

134

Table 3.14—Government Expenditures by
[Millions of
1958
Federal
Line

State and local

Expenditures

Purchases
of goods
* and
services

Transfer
payments
and net
interest
paid

GrantsSubsidies
in-aid to less current
State and surplus of
governlocal govment
ernments
enterprises

Expenditures

Purchases
of goods
and
services

1

Total

88,933

53,904

26,556

5,641

2,832

44,306

41,136

2

National defense

46,240

45,565

597

168

-90

265

265

43,401
2,088
751

42,850
1,985
730

596
1

45
102
21

-90

106
102
57

106
<102
57

23

-94

4,852

3,619
2,297
505

-94

2,297
505
1,405
128
517

Transfer
Subsidies
payments less current
and net
surplus of
interest
governpaid
ment
enterprises

3
4
5

Military services and foreign military assistance
Nuclear energy research and development
Other

6

30

8
9

10
11
12
13
14
15

Administration
Property and records management
Personnel management and employment costs
Net interest paid
Other

21
22
23
24
25
26

29

30

232

145

455

8,543

138

8,478

2
315

65

39

39

130

27

23

39

326

15, 753

15,679

74

13,167
2,027
559

13,167
2,027
485

74

180

3,584

3,576

8

2,045

3,991

831

3,160

1,898
147

3,877
114

831

3,046
114

*

42

3,157

357

42

33

Veterans benefits and services

5,681

1,084

4,589

3 145
800
655

11

887

188

186

55

563

2,285

32

407
737
377

250

100

99

335

357

692

335

357

8

99

18

81

55

3,806

692

3,145
789
655

893

538

315
315

4,146

Unemployment insurance
Other

38
39

Regulation of commerce and finance

40

Transportation

41

Highways
Water
Railroads
Air

35
36
37

42
43
44

45

Other commerce and trrniSDort&tion

46

- --

- -

4,146

48

49
50

6
2

8,363

71

19

2

10

2

Nuclear enercrv research and develonment

393

55

Postal services

741

56

Agriculture and agricultural resources

62
63
64

Natural resources
Recreation
General revenue sharing




2,572

-999

134
537

-22
-485
-492

126

276

-150

126

276

-150

33

33

446

440

1,030

446

440

-150
-150

1,179
540
639

1,179
540
639

50

54

61

-244

1,389
512

50

62
9

Urban renewal and community facilities

Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other

-41

76

897
512

52
53

57
58
59
60

170

52

1

-30

129

46

50

-285

112

281

130

132

-168

27
737

-356

8,417

102

176

2,253

8,719

8,132

2,303

18
361

1,573

764

18
361

Transit
Gas and electricity
Water and seweraffe
Sanitation

51

81

81

Utilities and sanitation

47

916

538

4,146

Pension and disability
Readjustment and other
Insurance
Hospitals and medical care
Administration and other services

3,157
1,703

916

39

4,503

Labor

1,105
128

517

326

31
32

34

300

1,703

Police
Fire
C oiTGction

28

27

1,900
527

Civilian safetv

27

1,798

22
210

1,233

1,798

8,616

Old-age survivors and disability insurance
Hospital and supplementary medical insurance
Public assistance and relief
Other

355
353
2
232

11,043

Social security and soecial welfare services

729
5,208
3

557

Elementary and secondary
Higher
Other
Health and hosDitals

250

348
237

Education

20

2

353
1,800
585

Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers

17
18
19

5,942

849
292

2,153

International affairs and finance

16

1,521

851
292
869
5,208
182

Central administration and management

-1,749

30

7,392

Space research and technology

7

4,919

4,219

}

9
33

360

684

57

2,709
47
1,185
278
1,325

1,433
47
133
212
1,371

1,244
81

1,290
81

2,306

88

1,825

1,276

2

22
66
102

2

102

i

6

135

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Type of Function: Annually, 1952-74—Continued
dollars]
1959

1960

Federal
PurExchases
pendi- of goods
tures
and
services

State and local

Subsidies
Trans- Grantsless
fer pay- in-aid to current
ExState
ments
surplus pendiand net and local of govtures
interest govern- ernment
ments
paid
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

5,218

90,964

53,890

28,131

6,848

2,095

46,889

43,696

46,354

45,597

661

187

-91

291

291

43,943
2,085
326

43,322
1,960
315

659
2

53
123
11

-91

116
123
63
1

1

42

-103

5,165

3,820
2,307
567
335

-103

2,307
667
1,554
126
611

Subsidies
less
current
Exsurplus pendiof govtures
ernment
enterprises

115
123
53

262

261

8,618

1,666

7,013

970
322
960
6,165
211

968
322
105

2

271

845
6,165
1

2.201

352

349
1,852

349
3

619

} 390
229

1

19
33
147

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
less
GrantsExin-aid to current
surplus pendiState
tures
and local of govgovern- ernment
enterments
prises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

5,467

Subsidies Line
less
current
surplus
of government
enterprises
-2,193

1

-2,025

93,106

53,711

30,254

6,526

2,615

49,822

46,548

45,314

45,314

44,451

732

218

-87

320

320

2

43,044
2,135
135

42,347
1,977
127

729
3

55
155
8

-87

119
155
46

119
155
46

3
4
5

2

2

33

-111

5,595

4,160
2,503
544
358

-111

2,503
544
1,730
63
755

2

6

572

9,436

1,774

7,740

954
327
181
0
312

2

1,219
126

956
327
1,113
6,806
234

932
6,806
0

33

2,223

336

1,886

1

13

0
1,849
38

[

574
1,345

1,849

199
(
1

State and local

Federal

335
1,888
649

334
2
186

0
1,886

1

14
15

6 (
\
32

42

611

382

16,229

16,145

234
98
50

13,307
2,331
591

13,307
2,331
507

84

191

84

} 458

(
I

414

49

22
21
143

755

18,022

17,923

275

14,748
2,620
654

14,748
2,620
555

37

(

1,435

7

1,372
63

8
9
10
11
12

99

16

99

17
18
19

878

443

165

270

3,871

3,861

10

863

390

169

304

4,070

4,058

12

20

12,872

391

10,253

2,228

4,323

998

3,325

13,898

379

11,206

2,313

4,491

1,091

3,400

21

10,372

197

10,175

11,342

212

11,130

2,026
474

3
191
39

2,023
205

4,198
125

998

3,200
125

2,085
471

2
165

2,083
230

4,352
139

1,091

3,261
139

22
23
24
25

3,431

3,431

48

48

3,726

3,726

26

1,809
970
652

1,809
970
652

48

48

1,969
1,061
696

1,969
1,061
696

27
28
29

310

753

369

384

3,435

128

2,996

311

828

396

432

30

310

753

369

384

3,040
395

2,996

311

828

396

432

31
32

20

44
84
1,180

4,491

10

103

20

83

33

3,442
386
663

2

83

83

34
35
36
37
38

39

78"

39

39

3,143

79

2,754
389

79

5,654

1,113

4,531

10

84

4

3,282
591
658

2

64

3,284
595
658
946
171

939
170

50

665

3,079
35T
833
547

64
165
436

94

92

2,754

50

4,816

2,754

64

5,681

64

992
184

3,072
3,015

345

59

59

8,949

9,366

-417

4,660

882

9,062
119

218

20

345
861

20

7
1

3,444
390
663
999
185

-334
-36

63
314

1

57

505
232

185

-47

-240

42

-282

233

2,778

164
54

1

4

7
1

978

2,523

29
949
1

2,462
61

108

23

3
3

488

448

490

82

3,202

1,293

2,004
732
392

777
74
142
300

1,076

1,097

984
92

1,005
92

|

40

102

517

-181

280

118

4

138

336

517

f
-181 X 266
14

124
-6

4

138

40

539

501

691

81

1,807

6

3,174

1,012

6

1,997
89
741
347

510
89
152
261

1,349

1,382

2

1,271
111

2

362

356

1,227
10
92

580

2

121

-144

2

121

-144




362
1,316
573
743

356
1,316
573
743

9,224

-445

40

8,527
77

8,886
116

-359
-39

39

175

222

-47

41
42
43
44

38

-283

45

2,885

-1,285

46

1,238
111

20
20

38

109
582
1,596
598

18
-649
-654

47
48
49
50

332

512

-180

51

[ 332

512

( 52
- 1 8 0 X 53

38

—9
—524
—612

408

8,779

127
-67
942
598

90
531
1,573
584

40

82

20
370

-245

209
-2
70

—1 145

336

82

69
-46

277

0

81
7
961
584
< 154
X -46

20
370

1,600

138

2,525
552
947
636

1,633

28
833

76

38

54
55

610
97

2,065

385

379

6

1,487
11

578

385

379

-159

1,406

1,406

61

651
755

62
63

86
124
124

6

56
57
58
59
60

-159

651
755

64

136

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.14.—Government Expenditures by
[Millions of
1961
State and local

Federal

Subsidies
Grantsin-aid to less current
State and surplus of Expendigoverntures
local govment
ernments
enterprises

Expenditures

57,370

33,318

7,245

4,011

64,373

50,786

47,986

Military services and foreign military assistanceNuclear energy research and development
Other

Transfer
payments
and net
interest
paid

101,944

Total.
National defense

Purchases
of goods
and
services

46,995

840

241

-91

334

45,849
2,045

45,051
1,868

835
5

54
172
15

-91

119
172
43

119
172
43

3

3

7,252

34

-108

6,227

4,604
2,627
591
381

-108

2,627
591
1,891
113
1,005

Subsidies
Transfer
payments less current
surplus of
and net
governinterest
ment
paid
enterprises

334

Purchases
of goods
and
services

91

76

893

890

9,032
963
395
1,175
6,248
251
2,513

1,854
961
395
173
325

1,002
6,248
0

419
417
2

0
2,090

730

214

66

450

19,777

19,663

504
226

24
24
166

19
47

289
148
13

16,074
2,971

16,074
2,971

1,027

469

191

367

732

618

Social security and special welfare services

15,859

551

12,711

2,597

4,372

4,357

Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance.
Public assistance and relief.
-Other
Civilian safety.

257

12,614

4,842

1,286

12,871
2,351
637

3
291
51

4,695
147

1,286

97

-2,328

2,090

421
2,092

5,915

Space research and technology
Central administration and management
Administration
Property and records management.
Personnel management and employment costs
Net interest paid
Other
_
•
International affairs and finance
Conduct of foreign affairs and informational activities.
Foreign economic assistance and other transfers
Education
Elementary and secondary
Higher
.....I.
Other

_

Health and hospitals

Police
Fire
Correction.
Labor
Unemployment insurance.
Other

51

3

2

2,348
249

4,008

4,008
2,092
1 143
773

4,296

380

928

448

480

4,398
453

103
72

4,295
1

380

928

448

480

139

19

120

4,841

1

1,056
227

3,647
286
908

68

68

5,072

981

2,739
588
993
752

69
302

179

178

610

19

1,024

2,731
2,670

30
994

336
256
-1
81

19
394

9,447

9,926

-479

9,121
120

9,494
166

-373
-46

206

266

-290

20

-310

1,740

3,076

1,336

77
38
1,022
603

Transit
Gas and electricity..
Water and sewerage.
Sanitation

87
713
1,673
603

-10
-675
-651
-203

380

197

158

453

666

Urban renewal and community facilities.
Public housing

369

207
-10

158

453

656

Nuclear energy research and development..

656

601

55

Postal services

873

94

4,033

687

2,827
106
760
340

163
106
168
250

Stabilization of farm prices and income.
Financing farm ownership and utilities.
Conservation of agricultural resources..
Other
Natural resources
Conservation and development of resourcesRecreation
General revenue sharing..




120
120

394

Utilities and sanitation

Agriculture and agricultural resources

3,409
147

51

6,137

Housing and community development

15
3,556

175

3,648
289
908
1,064
228

Other commerce and transportation.

114

51

Pension and disability
Readjustment and other
Insurance
Hospitals and medical care

Transportation
Highways..
Water
Railroads-._
Air

114

4,851

Veterans benefits and services

Regulation of commerce and finance..

1,510
113

1,005

2,092
1143
773

10

Administration and other services..

1,623

55
779

103

3,243

412

405

579

412

405

-169

,632

i,532

698
834

698
834

2,664

1,605

1,660

112

1,483
122

1,538
122

112

137

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Type of Function: Annually, 1952-74—Continued
dollars]
1963

1962
Federal

State and local

Subsidies5
PurTrans- Grantsless
Exchases fer pay- in-aid to current
Expendi- of goods ments
State
surplus penditures
and
and net and local of govtures
services interest govern- ernment
paid
ments
enterprises
110,434

63,738

34,506

52,166

51,052

943

49,861
2,091
214

48,967
1,889
196

939
4

1,796

1,785

9,831

2,044

1,100
420
1,306
6,758
247

1,098
420
199

2,588
425
2,163

7,979

4,211

58,028

275

-104

382

59
198
18

-104

7,867

34

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidiesi
less
current
Exsurplus pendiof govtures
ernment
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

54,296

6,185

-2,453 114,159

64,631

382

51,581

50,296

126
198
58

126
198
58

49,464
2,024
93

48,413
1,812
71

11

3,370

1,095

3,351

-114

6,562

4,785
2,734
599
386

-114

2,734
599
2,017
146
1,066

2

Subsidies
less
GrantsExin-aid to current
surplus pendiState
tures
and local of govgovern- ernment
enterments
prises

36,513

11

11

State and local

Federal

1,777

10,664

2,198

1,631
146

1,208
474
1,463
7 309
'210

1,206
474
212

1,089
6

-2,754

59,030

297

413

413

2

-107

137
206
70

137
206
70

2
4
£

69
206
22

31

327

34

419

2,162

7

2,611

426

2,179

19
-127

7,019

2,882
728
413

-127

2,882
728
2,192
83
1,134

417
2
252

1
2,161

7

431
2,180

425
1

499

21,253

928

280

(
558 X
275

26
28 }
198

22 {

302

17,025
3,404
824

1,862

7

1,779
83

1C
1]

6

82

0
2,179
93

€

19
5,157

6

60

564

229

18,058

755

14,426

14,574

276

1,066

21,11
17,025
3,404
686

138

} 618
138

310

14,298

2,588
896
54

3
476
54

433

4,650

2,877

5,235

4,635
1,564

1,440

15

2,585
292

128

5,077
158

1,564

4,232

490

2,993

1,109

513

2,971
22

386

1,109

1,369

4,825

9

39

6,203

70
308

533

44

19

2,876

19

3,872
148
809
1,188
186

430

430

85

10,039

10,561

6,040

1,120

9,780
117

-522

10,185
155

-405
-38

517

279

502
15

290
-11

755

682

880

1,135

207

80

4,665

5

3,513
92
694
366

1,788

1,608
136

1,652
136

207

221

-79

18

-267

279

3,093

3,402

684




279

679

596

20

19

33

19

20

32
1,070

3,499
3,433
1
65

471

39

10,975

11,526

19

1

1

1,102

20

34
35
36
37
38

319
238
-2
83

10,667
155
12
141

-551
-426
-47
12
-90

11,093
202
231

40
41
42
43
44
45

60

-276
-1,704

46

88
541
1,832
632

—17
—706
—766

213
-209
1,034
640

182
647
1,913
640

31
-856
-879

47
48
49
50

859

-175

289

512

-223

51

-223

52
53

684

746

362

73

706
40

357
5

755

-175

859

427

7

1

16

679

675
434

513

471

3,871
145
809

185

67
374

30
31
32

3,382

2,894

2

3*

596

1,678

581

1,886

3

728
874

1,677
163

1,723
163

3

128

-174

1,602

128

-174

728
874

7

35
35

289

512

76

76

54
55

590

1,840

427

333

122

1,602

434

333

76

22
111
152
296

508

-1

85

4,055

16

2,861
111
695
388

22
106
2

386

—1 489

800
128

2,830
316

-216

73

Oft

73

619
92
164
260

1,744

5

26

142
-249

42

1

3,500
645
1 068
827

71
-165
1,066
632

203

294"
2
83

147

85

1,604

662

1,040

1,761

22
23
24
25

3,146

45
163

44

1,038
787
-45

5,410
173

3,649
173

2

85

533

375

21

208

19

2,918

5,583

3,822

85

490

1,071

16

1,761

27
28
29

63

1,040

4,975

26

1,023

5,404

524

4,991

2,399
1,238
839

9

1

310
226
19

18,490
4,101
790

4,476

380

80

168

23,381

18,490
4,101
958

2,399
1,238
839

4,609

44

16
17
18
19

23,549

4,476

1,340

1

168

555

85

5,958

3,743
176
690

14
15

4
376

3,104
5

380

12
13

15,245

3,587
3,016
571

3,109

1,134

85

2,257
1,188
787

1,023

15,392

31

2,834
839

4,232

2,257
1,188
787

3,513
158

677

54

80

252

297

186
80
106

1,103
234

664

25 \
{
68

19,215

54

3

26 }
31
223

15,542

3,671

3,675
3,184
491

3,744
179
690
1,110
235

306

1,251
7 309

1

62,767

-107

1,107
6,758
0

1,226

(
I

6,491

Subsidie,s Line
less
current
surplus
of government
enterprises

3,874

833
}

Transfer payments
and net
interest
paid

9,141

19
8,562

Purchases
of goods
and
services

3,352

457

449

8

2,839
30

513

457

449

-188

1,839

1,839

61

-188

897
942

897
942

62
63

92
139
139

8

56
57
58
59
60

64

138

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 3.14—Government Expenditures by
iMillions o f
1964
State and local

Federal
Line
Expenditures

1

National defense

3
4
5
6

14
15
16
17
18
19

[

26
37
250

}

64"

—144"

650

26,301

26,102

199

84

371
261
18

20,485
4,716
1,100

20,485
4,716
901

199

5,413

5,396

17

30

(
I

782

302

624

623

16,169

3,400

6,083

2,062

4,021

322

16,018

5
296

3,066
334

5,888
195

2,062

151

3,826
195

60

4,843

4,843

2,575
1,333
935

2,575
1,333
935

60
256

2,738

390

1,178

545

633

41
215

2,688
50

390

1,178

545

633

1,438

4,699

10

42

21

4

3,954
121
624

106

Transportation

6,567

1,136

Highways
Water
Railroads
Air

3,973
630
1,094
870

72
360

310

310

704

2
7
1

36
1,097

3,985
3,901
84

21

21

518
1,133

21
21

21

106

518

313

11,175

11,779

-604

234

10,896
102
10
167

11,359
156

-463
-54
10
-97

82

264

-193

82

-275

Utilities and sanitation

2,302

4,067

-1,765

Transit
Gas and electricity
Water and sewerage
Sanitation

222
-44
1,431
693

194
831
2,349
693

28
-875
-918

29

385

589

-204

29 |

385

589

-204 {

107

107

479

470

9

426

479

470

9

47
48
49
50

1

-1

984

Postal services

56

Agriculture and agricultural resources
Stabilization of farm Drices and income
Financinc fami owiiftrshin &nd utilities
Conservation of agricultural resources
Other
Natural resources
Conservation and development of resources
Recreation

64




.

601

327
-13

40

601

984

55

40

877

794

Urban renewal and community facilities
Public housing

314

968
16

Housing and community development

54

62
63

725

(
}

1,271
163

46

61

114

-104

4

313

2,666

i,*302"

4

0
2,167

6,147

Other commerce and transportation.

57
58
59
60

2,167

488
1

3,954
127
624
1,278
164

45

52
53

489

3,086
780
2,452
-104
1,302

2,729
655

Regulation of commerce and finance.

51

403"

1,372
7,983
0

1,896

3,086
780
452

60

Pension and disability
Readjustment and other
Insurance
Hospitals and medical care
Administration and other services

40

2

1,149
546
238

7,516

3,384

Veterans benefits and services

41
42
43
44

-144

60

Unemployment insurance.
Other

39

64

9,357

3,071
781

Labor

34
35
36
37
38

2,336

23
5,620

16,340

Police
Fire
Correction.

33

23

23

20,192

Civilian safety

-2,848

141
192
64

4,606

6,796

1,708

Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance
Public assistance and relief.
Other

31
32

141
192
64

352

Social security and special welfare services

30

397

-114

1,077

Elementary and secondary
Higher
Other

27
28
29

-114

72
192
23

492
2,168

Education

26

287

1,297
5

2,660

Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers

Health and hospitals

22
23
24
25

1,302

47,558
1,582
-92

1,151
546
1,610
7,983
323

International affairs and finance

21

49,048

Subsidies
Transfer
payments less current
surplus of
and net
governinterest
ment
paid
enterprises

397

11,613

Administration
Property and records management
Personnel management and employment costs
Net interest paid
Other
:.

20

64,592

4,506

4,629

- - -

Central administration and management

13

68,540

10,433

48,813
1,779
-69

Space research and technology

8
9
10
11
12

38,025

Purchases
of goods
and
services

50,523

Military services and foreign military assistance...
Nuclear energy research and development
Other

7

65,218

GrantsSubsidies
in-aid to less current
State and surplus of Expendilocal govgoverntures
ernments
ment
enterprises

Transfer
payments
and net
interest
paid

118,182

Total

2

Purchases
of goods
and
services

115

107
679
141

3,961

4,516

414

3,341
122
615
438

-194
122
159
327

1,928

1,995

3

148

-218

1,971

1,971

1,780
148

1,847
148

3

148

-218

958
1,013

958
1,013

3,535
30
111

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

139

Type of Function: Annually, 1952-74—Continued
dollars]
1965

1966

Federal

Purchases
Expendi- of goods
and
tures
services

State and local

Subsidies
Trans- Grantsless
fer pay- in-aid to current
Exments
State
surplus pendiand net and local of govtures
interest govern- ernment
paid
enterments
prises

State and local

Federal

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
less
current
Exsurplus pendiof govtures
ernment
enterprises

7,021

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
Grantsless
Exin-aid to current
surplus pendiState
tures
and local of govgovern- ernment
enterments
prises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

7,487

123,807

67,268

40,842

11,121

4,576

75,137

71,082

-2,966 143,632

78,833

44,917

14,384

5,498

84,318

79,833

51,071

49,443

1,477

269

-118

383

383

62,146

60,330

1,687

283

-154

403

48,667
1,284
-508

1,470
7

74
172
23

-118

145
172
66

145
172
66

61,294
1,429
-577

59,686
1,247
-603

1,680
7

82
175
26

-154

155
175
73

155
175
73

41

41

40

40

46

-159

8,203

6,362

-169

8,900

7,063

3,323
825
489

-169

3,692
880
3,048
-660
1,940

3,692
880
551

-159

3,323
825
2,626
-296
1,725

1

403

50,093
1,463
-485

Subsidies Line
less
current
surplus
of government
enterprises

5,591

5,550

12,453

2,678

9,888

• 1,442
615
1,714
8,380
302

1,439
615
209

3

2,629
451
2,178

41

11,029

1,381
610
215

3

2,137
-296

1,384
610
2,081
9,160
303

64
7

13

518
2,278

504
1

7
2,277

7

14
IS

3,436

529

285

4
2,177

5

314

160

875
414
377
84

22,577
5,426
1,326

22,577
5,426
1,086

240

318

584

5,954

5,937

18,262

3,652

703
368

3,364
818

4
331

61

240

29,089

22,617
18,435

1,725

29,329

113

6,589

2,363

3,360
292

987

393

892

6,542

6,526

16

4,226

905

21,038

4,264

7,598

3,023

4,575

20,213
1,092
3,881
1,021

427
84
6
388

19,786
1,008

60

27
28
28

663

3,461

623

2,102

736

1,340

640

700

30

594

663

1,911
1,550

1,875
227

736

1,340

640

700

31
32

21

24

6,386

36
587
1,535

4,839

12

47

21

26

33

24

2

26

26

34

1,318
213

4,038
121
680

2,459

1,257

594

2,299
160

577

1,257

6,358

1,454

4,894

10

45

4

4,184
75
635

2

24

353

352

674

4,009
217

244

39
1,140

21

21

4,040
125
680
1,327
214

576

576

114

305

11,908

12,573

-665

6,965

1,229

226

11,608
125
18
157

12,121
186
266

-513
-61
18
-109

4,258
724
1,205
778

101
468
4
656

43
1,202

57

79

-294

542

540

1

3,875
389

114

-215

3,853

79

1

22
24
21

60

38
351

74
404

11
4,322
242

60

389

7
1

21
22

26

2,337
1,088

3,927
669
1,140
810

147

3,086
1,523
1,093

3,425

3,910

2
C

2,272

138

5,702

61

1,179

17
18
IS

26,207

}

3,086
1,523
1,093

61

1,152

322

17

2,795
1,408
1,007

6,546

16

39
101
389

5,210

2,795
1,408
1,007

112

322

25,699
6,643
1,363

5,702

5,210

112

33,705

25,699
6,643
1,685

60

61

1,255
195

34,027

1,787
540
295

3,023

2,363

4,186
79
635
1,262
196

2,622
(
X

11
7,345
242

6,372
217

577

1,940

| 2,605 (
(
831

18,067
195

s
10
11
12

2,497
-660

2,284

2,796

805

7
8

505

5

(
X

e
1,837

408

46

2,181

442
1

(
I

64

2
4
I

1,866
9,160
0

443

1,707

487

2,614

1,505
8,380
0

-22
46
290

J 862

5,907

13,538

415

1,349

40

5,947
1,841

-3,002

4

9
1

35
36
37
38

1,245

4,212
4,157
55

21

21

640

640

279

13,063

13,782

-719

40

213
-1
67

12,746
157
24
136

13,295
227

-549
-70
24
-124

41
42
43
44

3S

260
88

-288

45

63

63

2,590

4,390

-1,800

121

121

2,542

4,346

-1,804

46

18

18

61
-909
-952

27
94

373
743
2,457
773

47
48

94

428
-171
1,512
773

55
-914
-945

45

231
907
2,535
717

27

45

292
-2
1,583
717
390

597

-207

1,185

438

9

678

535

726

-191

51

597

-207 I 1,076
I 109

389
49

9

678

} 535

726

-191

J 52
{ 53

111

960

841

1

118

118

118

1,081

127

974

265

19

659

952
22

274
-9

19

659

944

833

843

115

4,542

2,215

1,986
183

2,034
181

} 390
111

728

-267
126
170
355

2,169

31
111

384

3,354
126
587
475

31

154

4,004

512

502

10

4,028

io

60

—1,542
126
141
394

178
6
37
135

383

512

502

4

165

-215

2,254

2,254

2,387

2,430

4

4

163
2

-215

1,185
1,069

1,185
1,069

2,158
229

2,203
227

4

4,731

49
50

54
55

954

34
120




-200

60

-881

2,754
132
613
529

3,621

1

568

557

11

56

11

57
58
59
60

4,296
435

568

557

156

-203

2,453

2,453

61

154
2

-203

1,288
1,165

1,288
1,165

62
63
64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

140

Table 3.14.—Government Expenditures by
[Millions of
1967
State and local

Federal
Line
Expenditures

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

Subsidies
Grantsin-aid to less current
State and surplus of Expendigoverntures
local govment
ernments
enterprises

Purchases
of goods
and
services

1

Total

163,676

90,924

52,166

15,912

4,674

94,655

89,264

2

National defense

73,514

71,462

1,948

283

-179

410

410

72,407
1,240
-133

70,548
1,073
-159

1,942
6

96
161
26

-179

170
161
79

170
161
79

-176

9,938

7,993
4,081
990
621

-176

4,081
990
3,498
-932
2,301

Subsidies
Transfer
payments less current
surplus of
and net
governinterest
ment
paid
enterprises

3
4
6

Military services and foreign military assistance
Nuclear energy research and development
Other

6

Space research and technology

7

Central administration and management

-

8
9
10
11
12
13
14
15
16
17
18
19

._ .

.

Administration
Property and records management
Personnel management and employment costs
Net interest paid
Other
International affairs and finance
Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers
Education

}

21

Social security and special welfare services-

1,144
534
222

3

448

2,050
9,840
0

439

2,252

6

431
8
812

6
2,246

6

410

2,787

38,365

37,935

430

f
214 X
196

1,762
617
408

28,379
7,923
2,063

28,379
7,923
1,633

430

2,862

(
\

89
180 |
543

41

2,877
—932

2,301

1,145

372

1,048

7,490

7,474

16

1,235

25,834

5,417

9,199

3,944

5,255

21,585
4,526
4,849
1,526

445
182
7
601

21,122
4,341

18
3
4,842
554

41
8,889
269

3,944

41
4,945
269

76

Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance
Public assistance and relief.
Other

71

5

6,309

6,309

5

3,455
1,625
1,229

3,455
1,625
1,229

371

76

Unemployment insurance
Other

33

Veterans benefits and services

->

..

-. .
.. .

71

4,132

Labor

31
32

723

2,521

888

1,466

712

754

2,233
1,899

42
681

2,191
330

888

1,466

712

754

7,134

1,565

5,561

8

57

23

34

2

4,446
353
762

34
35
36
37
38

Pension and disability
Readjustment and other
Insurance Hospitals and medical care . . -.
Adin1nistTC*tion and nth^f services

39

Regulation of commerce and finance

40

Transportation

41
42
43
44

Highways
Water
Railroads
Air

4,009
806
1,322
822

100
524
11
692

48
1,308

532

530

1

_ .
-

.

.

..

Other commerce and transportation

46

1,327

7
1

23

23

712
1,356

3,979
3,909
70

13,737

234
3
60

14,510

-773

13,325
172
26
214

297

712
13,895
250

-570
-78
26
-151

. .

365

1

-214

85

-299

202

2,905

4,698

-1,793

60

Transit
Gas and electricity
Water and sewerage
Sanitation

....

60

586
-39
1,525
833

512
924
2,429
833

74
-963
-904

677

867

-190

677

867

-190

137

137

660

648

12

12

142

Housing and community development
Urban renewal and community facilities
Public housing

110

34

34

202

Utilities and sanitation

47
48
49
50

1,390
173

no

.

4,446
355
762
1,397
174

6,959

45

62
53

78

1,945

32,486

Police
Fire
Correction

51

78

2,565

Civilian safety

30

11,893

1,147

Health and hospitals

27
28
29

2,348

4,009

Elementary and secondary
Higher
Other

26

4,816

443
2,254

. .

142

1,095
-.

390

9

628

68

977
118

350
40

9

618
10

68

2

137

}

54

Nuclear enenrv research and develonment

1,059

920

55

Postal services

1,202

145

56

Agriculture and agricultural resources

4,335

324

3

170

3,838

3,028
91
680
536

—335
78
163
428

3,361
477

660

648

3

2
13
60
105

2,569

2,562

4

234

-231

2,766

2,766

2,333
236

2,354
208

4

206
28

—231

1,425
1,341

1,425
1,341

57
58
59
60
61
62
on

Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other
Natural resources
Conservation and development of resources
Recreation

64




-3,055

41

4,857

1,147
534
2,272
9,840
350

.

14,143

2,697

.

20

22
23
24
25

41

8,446

1 057

141

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Type of Function: Annually, 1952-74—Continued
dollars]
1969

1968

State and local

Federal

Subsidies
PurTrans- Grantsless
PurExchases fer pay- in-aid to current
Exchases
pendi- of goods ments
surplus pendi- of goods
State
tures
and and net and local of gov- tures
and
services interest govern- ernment
services
paid
enterments

prises

180.563

98,019

59.462

18,587

79,256

76,868

2,244

322

77,805
1,374
77

75,625
1,193
50

2,239
5

119
176
27

•

Subsidies

Subsidies

Purless
PurGrantsless
TransTranschases
ExExchases
fer pay- in-aid to current
fer pay- current
surplus pendi- of goods
State
ments surplus pendi- of goods ments
and
tures
and net and local of govand
and net of gov- tures
services
services interest govern- ernment
interest ernment
enterenterpaid
ments
paid
prises
prises
9,364

4,495 106,909

100.708

-3,163 188,443

97,461

66,471

20,346

-178

441

441

79,064

76,272

2,612

375

-178

195
176
70

195
176
70

77,377
1,408
279

74,821
1,198
253

2,608
4

143
206
26

60

60

-168

11,101

9.210

4,527
1,161
3,795
—1,221
-168
2,839

4,527
1,161
683

4,548

4,488

15,949

2,372

13,638

1,115
547
2,433
11,497
357

1,112
547
188

3

525

2,245
11,390
0

2,560

434

2,120

441
2,119

430
4

5
2,115

4,391

709

520

3,162

42,674

42,143

74
214 }
421

(
312 X
208

1,895
871
396

31,450
8,850
2,374

31,450
8,850
1,843

| 3,366 1
X
1,025

State and local

Federal

60

Subsidies Line

less
Transfer pay- current
ments surplus
and net of govinterest ernment
enterpaid
prises
-3,348

1

5,165 117.551

110,416

-195

492

492

2

-195

221
206
65

221
206
65

a

62

62

-240

12.816

11,024

5,180
1,540
4,203
-1,628
3,521
-240

5,180
1,540
783

10,483

4
5
€

3.898

3,836

1,891

18.143

2,899

15,389

95

1,541
561
260

4

6

3,112
—1,221

1,551
561
2,792
12,853
386

537

2,532
12,853
0

89

6

2,664

600

2,059

5

13

6

611
2,053

602
-2

4
2,055

5

14
15

4,522

745

602

3,175

46,646

46,016

630

16

34
189 }
522

(
379 X
223

1,830
910
435

34,021
9,897
2,728

34,021
9,897
2,098

630

17
18
19

107

107

2,839

531

} 3,342 {
X
1,180

531

62

3,521

1,792

7

3,420
—1,628

8
9
10
11
12

2,568

1,220

342

1,006

8.610

8,591

19

3,181

1,440

414

1,327

9,746

9,724

22

2G

39,104

1,843

30,686

6,575

11.348

5,297

6,051

42,674

1,324

33,531

7,819

13.405

6,340

7,065

21

25,123
6,065
5,940
1,976

480
429
8
926

24,598
5,628

45
8
5,932
590

71
10,972
305

5,297

71
5,675
305

26,934
6,846
7,104
1,790

504
301
8
511

26,382
6,536

48
9
7,096
666

82
12.984
339

6,340

82
6,644
339

22
23
24
25

71

65

6

7.201

7,201

117

81

36

7,954

7,954

26

4,067
1,803
1,331

20

20

6

4,067
1,803
1,331

16

4,454
2,013
1,487

4,454
2,013
1,487

27
28
29

1,039

1.593

782

1,061

1,748

862

71

460

65

97

81

811

4,209

539

2,609

52
487
1,868

2,243
366

1,061

1,748

6,626

19

98

3,838

312

2,487

2,181
1,657

40
272

2,141
346

1,039

1,593

782

811

2,295
1,914

7,637

1,746

5,875

16

71

23

48

8,513

2

4,592
567
716

48

1,523
343

4,592
569
716
1,457
303

1,450
294

113

113

7,634

1,405

4,404
854
1,484
892

92
535
15
763

51
1,471

433

429

1

370
127

48

613

23

23

5,090
796
742
1,539
346

780

780

120

317

14,870

15,701

-831

7,530

1.568

268
-2
61

14,350
199
27
294

14,949
278
474

-599
-79
27
-180

4,102
842
1,556
1,030

88
573
18
889

57
1,541

3

-240

66

-306

511

508

1

6

364

3,845

5,657

-1,812

408

6

121

749
-66
2,248
914

605
957
3,181
914

144
-1,023
-933

122

1,522

4,390
4,312
78

243

243

1,254

291

12

857

( 1,045
X 209

178
113

12

855
2

1,101

956

3

142

920

166

1,598

4,116
4,014
102

33

74

34
35
36
37
38

24

24
872

248

15,226

16,123

-897

40

212
-3
39

14,660
195
25
346

15,299
274

-639
-79
25
-204

41
42
43
44

39

550
85

250

45

16

392

3,538

5,512

-1,974

46

16

106

826
—38
1,737
1,013

661
1,036
2,802
1,013

165
-1,074
-1,065

47
48
49
60

869

1,096

-227

61

869

1,096

(
-227 \

52
63

154

154

286

286

879

16

1,029

879

(
-214 X 1,345
221

301
63

16

1,028
1

142

142

1,048

891

3

1,215

171

13

6.861

2.033

13

5,499
104
564
694

1,262
77
174
520

6,771

2,555

5

273

3,938

5,319
123
689
640

1,794
96
178
487

3,487

5

38
27
60
148

451

725

712

2,045

2.041

7

259

—262

3,023

3,023

2,199

2.186

1,752
293

1,788
253

7

219
40

—262

1,493
1.530

1,493
1,530

1,842
357

1,882
304

712

74

-165

364

725

886

24

2

1,566

665

862

872

-214

754




16
3

665

94

30
31
32

74

120

7
9

2

5,090
794
742

886

157
157

154

|

54
55

1.044
764

750

14

56

321

764

750

14

57
58
59
60

307

—301

3,326

3,326

61

254
53

—301

1,568
1,758

1,568
1,758

62
63

4

372

4.452
4,131

4

106
27
69
170

7
7

64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

142

Table 3.14. —Government Expenditures by
[Millions of
1970
Federal

State and local

Expenditures

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

204,194

95,642

77,789

24,447

6,316

76,809

73 537

3,104

369

-201

75,555
1,369
-115

72,521
1,157
-141

3,101
3

134
209

-201

3,641

3,574

TotalNational defense
Military services and foreign military assistance
Nuclear energy research and development-Other
Space research and tecnhology
Central administration and management

20,704

Administration
Property and records management
Personnel management and employment costs.
Net interest paid_
Other

3,433

GrantsSubsidies
in-aid to less current
State and surplus of Expendilocal govtures
governernments
ment
enterprises

Transfer
payments
and net
interest
paid

132,172

123,221

12,551

494

494

214
209

214
209

26
17,258

Purchases
of goods
and
services

71

71

67

67

67

13,962
5,904
1,390
4,800
-2,012
3,880

12,076

-158

171

Subsidies
ess current
surplus of
government
enterprises

-3,600

1,886

2,182
558
3,444
14,256
264

""422"

2,997
14,256
0

2,875

668

2,202

676
2,199

667
1

4
2,198

5,443

908

817

3,718

52,283

51,510

773

3,994
1,449

21
253
634

536
281

2,143
1,041

37,365
11,635
3,283

37,365
11,635
2,510

773

3,761

1,780

643

11,090

11,066

24

51,158

1,532

39,960

16,739

7,904

8,835

31,960
7,452
8,880
2,866

527
365
9
631

31,380
7,075

117
16,302
320

7,904

117
8,398
320

Civilian safety..

214

112

Police
Fire
Correction.

67

International affairs and finance
Conduct of foreign affairs and informational activities..
Foreign economic assistance and other transfers
EducationElementary and secondary
Higher....
Other
Health and hospitals
Social security and special welfare services
Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance..
Public assistance and relief.
Other

2,156
558
297

5

1,505

21
150"

-158

534
1,338

5,904
1,390
902
""3,"880"

9,666
53
12
8,871
730
102
67

9,111

3,898
-2,012

9,111
5,071
2,299
1,741

147

112

35

5,071
2,299
1,741

6,128

528

4,383

1,217

1,962

1,024

938

Unemployment insurance..
Other

4,039
2,089

53
475

3,986
397

1,217

1,962

1,024

938

Veterans benefits and services-

9,785

2,183

7,579

23

108

28

80

Pension and disability
Readjustment and other
Insurance
Hospitals and medical care

5,433
1,361
791
1,755
445

1,736
441

143

Labor

5,433
1,355
791

80

28

28

142

1

964

964

Transportation
Highways .
Water
Railroads..
Air

8,581

1,839

1,809

4,695
915
1,769

147
573
25

Other commerce and transporation..

1,202

1,094

753

749

Administration and other services..
Regulation of commerce and finance.

Utilities and sanitation

Urban renewal and community facilities.
Public housing
Nuclear energy research and development...

308

16,496

17,429

-933

278
-1
31

15,885
167
24
420

16,533
251

-648
-84
24

3

-194

70

457

3,520

5,659

124

794
-16
1,537
1,205

579
1,113
2,762
1,205

215
-1,129
-1,225

961

1,225

-264

1,225

-264

4,548
77

482

/

25

149
333

Transit
Gas and electricity..
Water and sewerage.
Sanitation
Housing and community development

64
1,745

4,625

80

25

2,863

769

1,780

2,265
598

466
303

1,780
147

333
295
"295

956

807

Postal services '.

2,200

257

Agriculture and agricultural resources

5,066

206

418

4,439

3,712
51
516
787

-585
24
191
576

108
27
75
208

2,593

2,268
364

2,282
311

-225
-264
-2,139

4,189

2,632

645

Stabilization of farm prices and income.
Financing farm ownership and utilitiesConservation of agricultural resources...
Other
Natural resources
Conservation and development of resources..
Recreation
General revenue sharing..




147

147

870

855

250

870

855

341

-310

3,592

3,592

288
53

-310

1,648
1,944

1,648
1,944

1,943

15

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

143

Type of Function: Annually, 1952-74—Continued
dollars]
1972

1971
Federal
PurExchases
pendi- of goods
tures
and
services

State and local

State and local

Federal

Subsidies
Trans- Grantsless
Exfer pay- in-aid to current
ments
State
surplus pendiand net and local of govtures
interest govern- ernment
paid
ments
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

Subsidies
less
current
Exsurplus pendiof govtures
ernment
enterprises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

6,1921 148,924

137,514

15,385

Subsidies
less
GrantsExin-aid to current
surplus pendiState
tures
and local of govgovern- ernment
enterments
prises

Purchases
of goods
and
services

Transfer payments
and net
interest
paid

7,805» 163,683

150,979

16,771

Subsidies Line
less
current
surplus
of government
enterprises
-4,217

1

1220,607

96,220

89,223

29,011

-3,805* 244,734

102,126

97,758

37,528

74,051

70,230

3,613

356

-148

489

489

77,853

73,513

4,093

364

-117

506

506

2

72,551
1,345
155

68,953
1,148
129

3,606
7

140
190
26

-148

220
190
79

220
190
79

76,415
1,362
76

72,295
1,169
49

4,090
3

147
190
27

-117

230
190
86

230
190
86

66

66

64

64

3
4
5
6

-130

15,853

13,101

-179

18,187

15,183

6,481
1,472
5,613
—1,820
-130
4,107

6,481
1,472
1,041

7,070
1,627
6,326
-2,145
5,309
-179

7,070
1,627
1,177

3,464

3,398

21,689

4,118

17,449

252

2,628
687
3,975
13,974
425

2,573
687
505

5

50

363

3,470
13,974
0

202

3,351

756

2,590

759
2,592

749
7

5
2,585

5,840

982

942

3,916

58,746

57,790

} 4,211 (
X
1,629

82
227
673

2,238
1,060
618

41,719
13,238
3,789

41,719
13,238
2,833

956

1,761

94
150
767

4,272

1,969

870

1,433

13,067

13,039

28

5,105

2,490

60,404

1,677

46,531

12,196

20,231

9,651

10,580

69,830

37,274
8,248
11,209
3,673

593
402
9
673

36,617
7,834

64
12
11,200
920

138
19,759
334

9,651

138
10,108
334

299

100

199

10,436

119

66

}

64

338

119

18,665

284

3,209
856
606

6

87

4,572
—1,820

3,302
866
4,619
14,552
979

967

4,107
14,552
0

191

3,595

791

2,751

5

5

2,080

5,538

802
2,793

791

6
2,745

5

6,485

1,011

1,033

4,441

64,657

63,574

359

2,835
971
635

45,940
14,550
4,167

45,940
14,550
3,084

1,091

1,524

14,382

14,350

32

20

2,135

51,988

15.707

22,851

11,394

11,457

21

41,796
9,083
14,731
4,220

780
459
10
886

40,948
8,607

68
17
14,721
901

134
22,382
335

11,394

134
10,988
335

22
23
24
25

10,436

473

130

343

11,661

11,661

26

5,818
2,614
2,004

5,818
2,614
2,004

207

207

80

604

3,289

24,308

5

(
\

3,353
2,752

136

6,548
2,810
2,303

6,548
2,810
2,303

27
28
29

1,744

2,224

1,239

4,107

956

} 4,724

(
X

180

100

8,948

783

6,421

5,841
3,107

45
738

5,796
626

1,744

2,224

1,239

985

5,658
4,065

11,208

2,495

8,688

25

96

28

68

12,581

5,887
2,005
799
2,043
474

3

68

2,021
471

5,884
2,005
799

171

2

9,604

2,089

2,066

5,018
1,040
2,078
1,468

116
612
43
1,318

71
1,995

875

861

2

851

34

241

34

674

2,433

2,348
534

173

J

(
655
X 3,286

622
688

3

752

1,365

4,179
110
521
960

1,427

1,107

30

43
808
2,886

2,702

2,534

1,427

1,107

31
32

9,670

27

99

29

70

33

70

34
35
36
37
38

470

17,492

18,479

-987

10,081

2,435

2,231

365
40
75

17,069
101
34
288

17,739
194
546

-670
-93
34
-258

4,885
1,169
2,310
1,717

241
675
22
1,497

77
2,154

-277

45

-322

902

883

2

3,869

5,997

-2,128

1,071

50

895
32
1,627
1,315

528
1,174
2,980
1,315

367
—1,142
-1,353

398

50

892

1,260

-368

4,859

1,049

43

2,314

} 892

1,260

-368 (3,335
\ 1,524

978
71

43

2,314

122

122

913

2

12

2,050
2,050

548
548

122

3

497

3,905

387
80
194
704

1,064

2,769

2,852

10

2,371
398

2,527
325

10

16

3,653

3

139
30
75
253

965

949

4

6,312
2,556
802

16

1,824

-2
24
3

29

29

1,121

1,121

601

17,633

18,727

-1,094

40

5
161

413
129
59

17,199
107
53
274

17,927
214

-728
-107
53
-312

41
42
43
44

26

-9

-371

79

-450

45

4,558

6,770

-2,212

46

348

1,393
29
1,764
1,372

852
1,281
3,265
1,372

541
-1,252
-1,501

47
48
49
50

525

986

-461

51

} 525

986

(
-461 \

52
53

149

149

997

979

4,814
4,644

673

5,871
4,275
125
555
916

-686
63
226
665

1,453
1,453

149

358
258

70

1 021

673

1,982




-2

2

75

1,083

2,534

191

4,902
2

16
17
18
19

2,702

193

4,979

1,083

6,170

1,030

278

5,770

48

5,615
555

1,030

33

877

13
14
15

851

28

610
33

48

266

28

22
3

5,i49
-2,145

5,309

9,723

985

6,312
2,558
802
2,372
537

68

7
8
9
10
11
12

130

207

1,310

2,260

(
X

817

610
3,941

6

3,004

39

586

54
55

1,466
4

706

4,903

4

326
42
81
257

4,635
20
248

997

979

18

56
57
58
59
60

252

965

949

342

-435

3,793

3,793

3,429

3,355

13

420

-359

3,980

3,980

61

269
73

-435

1,653
2,140

1,653
2,140

2,933
496

2,966
389

12
1

314
106

-359

1,721
2,259

1,721
2,259

62
63

2,617

2,617

18

64

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

144

Table 3.14.-—Government Expenditures by
[Millions of
1973*
Federal

Purchases
of goods
and
services

Expenditures

Total.
National defense
Military services and foreign military assistance .
Nuclear energy research and development
Other
Space research and technology
Central administration and management..
Administration
Property and records management
Personnel management and employment costs.
Net interest paid
Other
International affairs and finance

1264,792

I

State and local

Transfer
payments
and net
interest
paid

GrantsSubsidies
in-aid to less current
State and surplus of Expendilocal govgoverntures
ernments
ment
enterprises

Purchases
of goods
and
services

101,981

114,023

40,574

8,222

U80.920

167,965

78,260

73,370

4,616

407

-133

546

546

76,574
1,895
-209

71,938
1,669
-237

4,616
0

153
226
28

-133

226
226

226
226

3,043

2,981

94

94

62

62

20,640
7,951
1,842
7,320
-2,852
6,379

17,607
7,951
1,842
1,435

Transfer
Subsidies
payments less current
and net
surplus of
interest
governpaid
ment
enterprises

29,338

5,631
18,206
1,237

5,915
3,268
869
618

62
23,214
7

322

-113

120

3,515

5,000
18,206
1

-113

2,637

1,160

17,445

-4,510

3,033

45

""67379

5,885
-2,852

829
2,686

816
10

2,631

5,988

1,081

987

3,920

71,739

70,562

1,177

4,225
1,763

85
218
778

633
354

2,473
816
631

50,431
16,812
4,496

50,431
16,812
3,319

1,177

6,631

2,980

1,563

2,088

16,133

16,095

38

Social security and special welfare services

79,050

2,191

63,068

13,791

25,248

13,433

11,815

Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance
Public assistance and relief
Other
Civilian safety.

51,468
10,248
12,607
4,727

519
10
965

50,655
9,712

116
17
12,597
1,061

149
24,754
345

13,433

149
11,321
345

629

155

474

12,912

12,912

288
186

7,273
3,023
2,616

7,273
3,023
2,616

2,761

1,515

1,246

2,761

1,515

1,246

154

36

118

Conduct of foreign affairs and informational activities..
Foreign economic assistance and other transfers
Education
Elementary and secondary
Higher
Other
Health and hospitals

Police
Fire
Correction.
Labor
Unemployment insurance Other
Veterans benefits and services..
Pension and disability
Readjustment and other
Insurance
Hospitals and medical care
Administration and other services..

2,701

288

45

341

155

8,186

841

4,768

2,577

4,323
3,863

41
800
3,308

4,282
486

2,577

10,303

31

13,640
6,461
3,025
. 819
2,719
616

6,461
3,023
819

-2
"-2

2,692
612

189

187

2

10,317

2,524

2,653

4,544

4,460
1,246
2,746
1,865

135
740
51

87
2,566

4,325
5
7
207

Other commerce and transportation.

1,108

1,598

25

Utilities and sanitation

1,399

1,066

551

125

Regulation of commerce and finance..
Transportation
Highways..
Water
Railroads...
Air

Transit
Gas and electricity...
Water and sewerage.
Sanitation

1,238

1,238

18,411

19,580

-1,169

414
122

17,978
123
81
229

18,752
234

-774
-111
81

1
5

-479

99

-578

1,274

5,339

7,613

-2,274

426

S

956
1,405
3,741
1,511

729
-1,416
-1,587

1,081

-489

596

125
848

848

5,344

1,278

191

2,452

Urban renewal and community facilities.
Public housing

3,823
1,521

1,180
98

191

2,452

Nuclear energy research and development..

884

756

Postal services

2,696

560

Agriculture and agricultural resources

4,236

Housing and community development

118

118

1,423

2,154
1,511

594

592
1,081

1423
592

Stabilization of farm prices and income..
Financing farm ownership and utilitiesConservation of agricultural resources...
Other
Natural resources
Conservation and development of resources..
Recreation
General revenue sharing..




128
2,136

128

-1,400

942

4,690

1,066

1,048

18

2,590
184
442
1,020

-2,462
91
222
749

544
38
93
267

4,508
55
127

1,066

1,048

18

3,296

3,237

479

-435

4,410

4,410

2,776
520

2,836
401

361
118

-435

1,850
2,560

1,850
2,560

7,051

7,051

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Type of Function: Annually, 1952-74—Continued

Table 3.15A .—Relation of Federal Government Receipts and
Expenditures in the National Income and Product Accounts to
the Consolidated Cash Statement: Fiscal Years 1952-67

dollars]

[Billions of dollars]

1974*
Federal

PurExpend- chases
itures of goods
and
services

Transfer payments
and net
interest
paid

111,692

138,752

43,870

77,380

5,570

422

82,744
1,649
—1,180

77,177
1,416
- 1 , 213

5,569
1

157
232
33

3,346

3,277
6,505

3,633
859
7,176
21,035
1,354

3,507
859
917

4,303

5,235 201,289

189,393

-159

582

582

-159

247
232
103

247
232
103

69
23,101

20,168

8,915
2,217
8,117
-3,585
-94
7,437

8,915
2,217
1,599

69

118
14

1,222

225

1,034

3,213

7

1,043
3,260

1,029
5

7
3,206

7

7,043

1,176

1,374

4,493

98
211 |
867

-4,538

7,437

78,817

77,556

55,343
18,532
4,942

(
897 I 2,858
898
477
737

55,343
18,532
3,681

1,261

1,261

2,489

1,476

2,438

18,407

18,358

49

3,231

78,104

15,120

26,664

16,038

10,626

21

58,759
13,165
17,248
7,283

973
637
11
1,610

757

192

57,617
12,510
4,031
3,946

10,405

760

6,682
3,723
15,345

43
717
3,730

71.9

70.5

.1
-.3

.1
-.3

.2
.2

18

Miscellaneous

2,526

2,965

1,589

11,569

48

-2

208

39

31
32

169

33

7,115
3,600
856
3,045
729
512

3,011
715
510

2

11,437

2,841

2,886

5,027

683

20,754

21,978

-1,224

40

5,019
1,339
3,051
2,028

302
820
60
1,659

99
2,787

4,717
5
3
302

415
201
67

20,129
169
114
342

20,940
280

-811
-111
114
-416

1,266

1,232

2

32

0

-482

125

-607

41
42
43
44
45

2,793

92

2,701

7,396

9,579

-2,183

46

735

92

643

2,143
245
3,373
1,635

1,150
1,794
5,000
1,635

993
—1,549
-1,627

47
48
49
50

597

1,121

-524

51

597

1,121

-524 (

52

165

165

4

7,115
3,598
856

2,058

169

39

34
14

2,058
987

127

2,285

\ 3,357

945

127

2,285

o

165

1 HA^

AO

1,154

989

2,606

684

2,664

233

124
226
592
1,722

169

1,803
•I QAQ

}
)

39

34
35
36
37
38

1,338

-2

5,202

1,338

39

758

1

VI

54
55

1,922
3

858

1,570

1,172

1,152

20

56

-1,610
135
267
1,441

3

469
28
83
278

1,265
63
242

1,172

1,152

20

57
58
59
60

4,432

4,350

18

601

-537

5,135

5,135

61

3,717
715

3,810
540

16
2

428
173

-537

2,144
2,991

2,144
2,991

62
63

6,156

.1

Financial transactions:
Net lending
Net purchases of foreign currency.

27
28
29

1,376

6,156




64

.1
.1

76.8

8,038
3.304
3,059

1,589

.2

-.3
.0

68.0

differences:
of Columbia
Home Loan banks and Federal
banks.

8,038
3,304
3,059

2,965

-.1
.1
.1

.4

.1
-.1

Less: Coverage
District
Federal
Land
Other 4

Timing differences:
Checks outstanding and certain other
accounts.

2,526

.8
.1

15

26

6,639
480

-4.1
—.1

Expenditures:

14,401

30

-1.9
.0

Cash payments to the public

14,401

1,376

-2.3
-.1

.0

301
7,119

-1.2

67.4

565

192

.5

-1.1

.0

264

493

.5

-1.1

65.8

16,038

264

.8
-1.4

.0

200
26,075
389

22
23
24
25

.3
.5

69.4

169
18
13,206
1,727

200
10,037
389

67.8

.0

20

96,455

_

Equals: Federal Government receipts, national
income and product accounts.

16
17
18
19

71.6

65.2

14
15

6,403

(

Miscellaneous

13

49

71.5

.3

Timing differences:
Corporate income tax
Federal and state unemployme t insurance taxes.
Withheld personal income taxes and
social security contributions.
Excise taxes
Other

8
9
10
11
12

49

1955

.2
.0

Plus: Netting differences:
Contributions to government employees
retirement funds.
Other 3
_._.

7

6,518
-3,585

68.0

Financial transactionsMiscellaneous 2

6
2,933

1954

Less: Coverage differences:
District of Columbia..
Other 1

1

69

-94

16,434

1953

Receipts:
Cash receipts from the public.

3
4
5

357

8

1952

2

27,289

6,245
21,035
1

i
} 4,962 \
2,081

Line

SubSubGrants- sidies
Transsidies
in-aid to less
fer payless
PurState
current
ments current
chases
Exand local surplus pendi- of goods and net surplus
govern- of gov- tures
interest of govand
ments ernment
paid
ernment Line
services
enterenterprises
prises

83,213

34,057

Fiscal years

State and local

*300,079

145

5

Plus: Netting differences:
Contributions to government employees
retirement funds.
Other 3
Timing differences:
Purchases of goods and services6 (increase
in payables net of advances).
Interest
Transfer payments
Subsidies less current surplus of government enterprises.
Miscellaneous

7

Equals: Federal Government expenditures, national income and product accounts.

.1

1.7
.0

1.1
.0

-1.7
.1

1.4
.4

.4

.2

.1

.1

-.1

-.2

.3
.5

.5

-1.4

-1.1

-1.2

-.7

.2

.8
.0
.0

.6
.1
.2

.5
.0
-.1

.5

-.1

.8

.1

66.0

75.9

74.3

67.2

1. Consists largely of contributions for social insurance by residents of U.S. territories.
2. Consists largely of sales of land, receipts from offshore oil leases, and Treasury receipts
from sales of foreign currencies to government agencies.
3. Consists largely of sales of goods and services and interest receipts which are recorded as
receipts in the cash budget and netted against expenditures in the national income and product accounts.
4. Consists largely of transfer payments to residents of U.S. territories.
5. Consists largely of offshore oil leases and purchases of land and certain purchases of
foreign currency from the Treasury by government agencies.
6. Consists largely of real estate transactions, sales of military equipment to foreign countries, purchases of farm commodities, and purchases of defense equipment and supplies.
7. Consists largely of net expenditures of foreign currencies, grants to the District of Columbia, and net purchases of silver and minor coin metal.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

146

Table 3.15A.—Relation of Federal Government Receipts and Expenditures in the National
[Billions of
Fiscal years
Line
1956

1957

1958

1959

1960

81.9

81.7

95.1

1961

1962

1963

1964

1965

1966

1967

101.9

109.7

115.5

119.7

134.5

153.6

Receipts:
Cash receipts from the public..

77.1

82.1

97.2

Less: Coverage differences:
District of ColumbiaOther i

.1
1.1
.1

Financial transactions.
Miscellaneous 2
Plus: Netting differences:
Contributions to government employees retirement funds.
Other 3
_
Timing differences:
Corporate income tax
Federal and state unemployment insurance taxes
Withheld personal income taxes and social security contributions. ~
Excise taxes
Other
:
Miscellaneous
Equals: Federal Government receipts, national income and product accounts.

.6
1.0

.9
-1.5

1.2
-1.2

1.3
-1.3

1.5
-1.3

1.5
-1.3

1.7
-1.3

1.8
-1.2

1.9
-1.9

.4
.1
.3
.0
.0

-.7
.0
.3
.2
.0

-2.8
.0
.0
-.1
.0

3.7
.2
.5
.1
.0

-.2
.1
.6
.1
.1

-1.7
.1
.2
.0
.0

1.5
.5
.3
.1
.1

-.1
.4
.0
.1

.0

.0

.1

.1

.1

.1

.0

.1

76.3

81.0

78.1

85.4

94.8

95.0

104.0

110.0

72.5

80.0

83.5

94.8

94.3

99.5

107.7

113.8

.2
-.5
.2

.3
1.1
.2

.3
-.3
.1

.3
1.1
.2

2.9
1.4

2.2
.9

3.1
1.0

1.2
1.3

2.2
1.1

.3

.2

.4

.9
-1.5

1.2
-1.2

1.3
-1.3

1.5
-1.3

1.5
-1.3

1.7
-1.3

-.1
.5
.0
-.2

.3
.4
.0
.2

1.7
.3
.0
-.1

.5

.0
-.1

.3
.5
.1
.0

.3
.2
-.2

.7

.6

.3

70.0

76.0

2.0
-1.8

2.2
-1.4

2.3
-1.9

2.5
-1.7

1.3
-.2
-.5
.1

.4
.0
.1
-.1
.0

-.9
.0

-.1
-.4

-5.4
-.1
.1
-.8
.0

.1
.1
115.6

.0
120.0

.0
.4
132.7

-.1
146.0

Expenditures:
15

Cash payments to the public
Less: Coverage differences:
District of Columbia
Federal Home Loan banks and Federal Land banks.
Other *
Financial transactions:
Net lending
Net purchases of foreign currency
Timing differences:

1.3
.8
-.2

Timing differences:
Purchases of goods and services (increase in payables net of advances)8
Interest
_
•
Transfer payments
Subsidies less current surplus of government enterprises
Miscellaneous 7
Equals: Federal Government expenditures, national income and product
accounts.




137.8

155.1

.3
1.8
.2

.4
1.2
.2

.4
1.8
.3

.4
-3.0
.3

1.8

2.5

2.7
.5

2.3
.0

2.2
-1.4

2.3
-1.9

2.5
-1.7

.0
-.1

-.3
.8
.0
.2

-.8
.7
.1
-.1

.7

.7
1.2

122.4

.4

.7

.1

117.2

118.5

132.7

154.9

-.5

Checks outstanding and certain other accountsMiscellaneous 5 -Plus: Netting differences:
Contributions to government employees retirement funds.
Other 3
_
_

2.2
1.1

120.3

82.8

.5
91.2

91.3

-.9

-.2

.1

.1

1.8
-1.2

2.0
-1.8

-.5
.9
.1
.1

.0

1.9
-1.9

-1.2

.5
98.1

106.2

111.7

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

147

Income and Product Accounts to the Consolidated Cash Statement: Fiscal Years 1952-67—Continued
dollars]
Calendar quarters not seasonally adjusted
1962

196 L

III

IV

I

II

III

IV

26.2

31.0

26.0

23.0

28.2

32.6

27.3

24.5

30.3

33.4

27.0

24.3

1

.1
.0

.1
.0

.1
.0

.0
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.0

2
3

.2
.0

.1
,0

.1
.0

.1
.0

.5
.1

.1
.0

.0
.0

.1
.1

.2
.0

.1
.0

.1
.0

.1
.0

.1
.0

.1
.1

4
5

.4
-.4

.4
-.2

.4
-.4

.4
-.3

.5
-.4

.4
-.3

.5
-.6

.5
-.4

.5
-.5

5.
-.4

.5
-.6

.5
-.5

5
-.3

.6
—.3

5
— 5

-.6
.0
.3
.2
.0

1.4
-.2
-.3
-.1
.0

2.1
-.1
.2
-.1
.0

-1.6
.7
.4
-.1
.0

-.4
.1
.1
.2
.0

1.1
-.2
-.6

1.5
-.1
-.1
.1
.0

-1.7
.1
1.1
-.1
.0

.0
.1
.0
.2
.0

1.7
-.2
-.5
-.2
.0

1.9
-.1
.1

-1.7
.1
—.1
-.1
.0

-.5
.0
.1

1.5
-.2
—.5
-.2
.0

1.6
-.1
1
.1
.0

8
9
10
11
12

23.4

21.3

.1
.0

.1
.0

.1
.0

.0
.0

.1
.0

.2
.0

.2
.0

.6
.0

.4
-.5

.5
—.3

. 4
A

.4
-.3

-1.0
.0
.3
.1
.0

.6
-.2
—.3
-.2
.0

.7
-.1
.1
.1
.0

-2.3
.4
.1
-.1
.0

IV

21.4

19.4

25.8

28.5

23.4

20.6

.0
.0

.1
.0

.0
.0

.1
.0

.0
.0

.1
.0

bto

.2
.1

.1
.2

4
2

4
4

.4
—.3

1.3
-.2
— 2
-.1
.0

1.4
-.1
4
.1
.0

-1.9
.3
.1
.1
.0

beo

II

28.5

III

©to

I

24.8

II

I

IV

IV

I

Line

III

III

IV

1964

II

II

I

III

1963

bto

1960

1959

Q

7

.0

.0

.1

-.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.1

-.1

13

22.1

21.0

24.3

27.3

23.3

21.2

22.8

27.7

24.1

23.5

25.7

30.8

25.7

24.1

27.6

32.7

27.8

26.4

28.3

33.1

27.8

25.7

14

24.4

23.9

22.0

24.1

24.2

24.5

23.4

27.4

26.7

27.2

25.9

27.9

28.5

29.6

26.5

29.1

30.6

28.7

30.1

30.9

30.6

15

.1
.5
.0

.1
.3
.1

.1
-.6
.0

.1
.1
.0

.1
-.1
.0

.1
.1
.0

.1
-.7
.0

.1
.4
.0

.1
.4
.0

.1
.4
.0

.1
-.4
.0

.1
.7
.0

.1
.5
.1

.1
.3
.1

.1
-1.1
.0

.1
.8
.0

.1
1.1
.1

.1
.6
.1

.1
-.5
.1

.1
.5
.1

.1
.3
.1

1.
.3
.1

16
17
18

I i
.3

1
.2

4
.3

7
.3

4
.2

— 2
.3

.1
.4

.9
.4

1.6
.2

-.2
.3

.4
.3

.5
.4

.8
.3

—.4
.2

—.1
.3

.4
.4

.7
.2

—.1
.3

.7
.0

5
.4

1 0
.2

—3
.2

19
20

.7

.1

-.5

.0

.0

.2

-.8

.3

-.4

.7

-.6

-.3

.5*

.5

-.8

-.2

.8

.0

-.2

-1.4

1.2

.4

21

.2

.2

.1

.0

.1

.2

.2

-.1

.0

-.3

.1

-.2

.2

.3

-.1

.0

.1

.1

.1

.0

22

-.2

- 1

.4
-.2

.4
-.4

.4
-.3

.4
-.5

.5
-.3

.4
—.4

.4
-.3

.4
-.4

.4
-.2

.4
-.4

.4
-.3

.5
-.4

.4
-.3

.5
-.6

.5
-.4

.5
-.5

.5
-.4

.5
-.6

.5
-.5

.5
-.3

.6
-.3

.5
-.5

23
24

.0
.4
.1
-.1

.3
.2
,0
.1

-.1
.1
.0
.0

.0
-.2
.0
.1

.2
-.1
.0
-.1

.1
.2
.0
.1

.1
-.2
.0
.0

-.1
.3
-.2
.0

©toco to

.2
.7
.1
.0

.0
.5
.0
-.1

-.1
-.1
.0
.3

.0
.4
.0
.0

.2
.1
.0
-.1

obco to

-.5
.1
.0
.2

.1
.3
.0
.2

coocoto

31.0

-.2
.3
.0
.1

-1.3
.1
.0
.5

.9
.3
.0
-.1

.4
.1
.0
-.1

25
26
27
28

.1

.1

.1

.1

.1

.1

.1

.1

.2

.1

.1

.2

.1

.1

.1

.2

.2

.1

.2

.2

.2

.0

29

22.6

23.9

22.3

22.5

23.7

24.5

24.5

25.3

25.0

27.1

26.9

27.2

27.0

29.3

28.1

27.3

28.9

29.8

28.9

29.4

29.5

30.3

30




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

148

Table 3.15A.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the Con
solidated Cash Statement: Fiscal Years 1952-67—Continued
[Billions of dollars]
Calendar quarters not seasonally adjusted
Line

1965

1966

1967

II

III

IV

II

III

IV

II

III

37.7

29.2

25.9

46.2

34.6

31.1

49.9

35.9

IV

Receipts:
Cash receipts from the public

30.7

Less: Coverage differences:
District of Columbia
Other i
Financial transactions
Miscellaneous 2

32.5
.1
.0
.1
.1

Plus: Netting differences:
Contributions to government employees retirement funds
Others
Timing differences:
Corporate income tax
Federal and state unemployment insurance taxes
Withheld personal income taxes and social security contributions.._
Excise taxes
Other

.5
-.3

.5

-1.6
.4
.4
.1
.0

-1.2
0
.1
-.1

.0

Miscellaneous
Equals: Federal Government receipts, national income and product accounts.

29.9

.0
.0
36.6

.6
-.3

.5
-.4

.6
-.5

.6
-.6

.7
-.5

-.5

-.3

.6
-.4

.7
-.2

.7

1.4
-.3
-.2
-.5
.0

2.2
-.1
.1
.2

-1.2
.4
1.3
-.4

1.4
-.2
-1.3
-.2

1.8
-.1
.6
.1

1.4
-.2
-.2
-.1
.0

2.3
-.1
-.3
.0

.0

-1.4
.3
.9
-.7
.0

-7.2
-.1
.0
.0

.0

-3.4
0
-1.4
.3
.0

.0

.2

28.1

33.5

34.0

34.6

.0
29.7

.2
41.4

.0

.0

-.1

-.1

34.1

32.8

41.3

38.8

36.7

38.4

.1
-.6
.1

.1
-2.0
.1

.1
-1.2
.1

1.0
.1

-.4
.0

-.5
.0

.1
37.2

.0
.0
41.8

.0
37.0

.0
.1
34.5

Expenditures:
15

Cash payments to the public:
Less: Coverage differences:
District of Columbia
Federal Home Loan banks and Federal Land banks
Other*
Financial transactions:
Net lending
Net purchases of foreign currency

28.3

32.6

.1
-.3
.1

.1
1.0
.1
1.8

Timing differences:
Checks outstanding and certain other accounts

Miscellaneous 7
Equals: Federal Government expenditures, national income and product
accounts.




36.2
.1
1.2
.1

.4
-.1

1.6
.2

2.2
-.2

45.1

43.5
.1
.3
.1

1.9
.4

.2
.1

-.7

.4

-.3

1.1

-.8

.5

.6

Miscellaneous*
Plus: Netting differences:
Contributions to government employees retirement funds
Others
Timing differences:
Purchases 8 of goods and services (increase in payables net of advances).
Interest
Transfer payments
Subsidies less current surplus of government enterprises

33.1

-.1

.0

.2

-.1

.1

.5
-.4

.6
-.5

.6
-.6

.7
-.5

-.5

.5
-.3

.5
-.3

-.3

-.2

-.2

-.1

.3

-.4

-.1

-.3

.2

.3
.0
.1

.1
.0
.1

.1
.0
.1

.4
.0
.1

.2
.0
-.1

.1
.0
.1

.5
.0
.3

.3
.0

.2

.0

.1

.2

.3

.1

28.8

29.9

31.7

33.3

33.1

34.6

.1

37.9

38.1

.6
-.3

.7
-.2

.0
39.3

-1.6

.4

.7
.0
.3

.3

.2
.0
-.1

.7
-.3

.3
.0
.1

-.1

.2

-.4

39.6

42.0

42.8

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

149

Table 3.15B.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the Unified
Budget: Fiscal Years 1968-74
[Billions of dollars]
Fiscal years

Line
1970

1971

1972

1973*

1974*

Receipts:
Unified budget receipts

153.7

187.8

193.7

188.4

Less: Coverage differences l

.1

.1

.1

.2

Financial transactions

.1

.0

.0

.0

1.9
1.2

2.1
1.4

2.6
1.5

2.5
.0
.9
.0
.0

-2.2
.0
1.1
-.1

-3.0
.0
.2
.0
.0

Plus: Netting differences:
Contributions to government employees retirement fundsOther 2__
Timing differences:
Corporate income tax
Federal and State unemployment insurance taxes
Withheld personal income tax and social security contributions.
Excise taxes
Other
Miscellaneous 3

.0

Equals: Federal Government receipts, national income and product accounts

160.0

.1
.1
190.1

.0
194.9

208.6

232.2

264.9

.4

.5

.0

.0

.0

2.8
1.7

3.4
1.8

3.8
1.9

4.3
1.7

1.8
-.1
-1.7
-.5

-1.1
.4
.8
-.1

1.2
-.1
.2

.3
-.1
.9
.0
.1

240.0

271.6

.1

.1

.2

-.1

-.1

192.5

213.5

211.4

231.9

246.5

268.4

.7
-.1

.9
-.2

1.2
-1.7

1.4
-3.7

Expenditures:
13

Unified budget outlays
Less: Coverage differences:
Geographic 4
Other«
Financial transactions:
Net lending
Net purchases of foreign currencyOther

178.8

Timing differences:
Purchases of goods and services (increase in payables net of advances)..
Interest
Transfer payments
Subsidies less current surplus of government enterprises

4.0
.3
-.3

3.3
.2
-.3

2.5
.1
.0

1.7
.0
-.1

5.2
.0
-.2

-.3
.2

-.2
.1

-.9
.2

.0
.3

-2.5
.1

-6.3
.3

1.9
1.2

2.1
1.4

2.6
1.5

2.8
1.7

3.4
1.8

3.8
1.9

4.3
1.7

-2.5
.2
.0
.2

-1.4
.1
.1

.0
.1

— 3
.0
.0
-.1

-.8
-.1
.0
.1

2.5
.0
.1
-.3

-.3
-.1
.5

.3

.2

.3

212.7

232.9

256.1

Miscellaneous 6
Equals: Federal Government expenditures, national income and product
accounts.
*Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Consists largely of contributions for social insurance by residents of U.S. territories.
2. Consists largely of proprietary receipts that are netted against outlays in the unified
budget, and classified as receipts in the national income and product accounts.


http://fraser.stlouisfed.org/- 1 1
216-143 O - 7 7
Federal Reserve Bank of St. Louis

196.6

2.0
.3
-.3

7.2
.7
— 2

Net purchases of land:
Outer Continental Shelf
Other
Plus: Netting differences:
Contributions to government employees retirement fundsOther 2

184.5

.2
172.2

184.7

-.1
.2
195.6

.3
.5
278.6

3. Consists largely of Treasury receipts from sales of foreign currencies to Government
agencies.
4. Consists largely of transfer payments to residents of U.S. territories.
5. Consists of agencies not included in the unified budget, such as the Postal Service and the
Federal Financing Bank, and net purchases of silver and minor coin metal.
6. Consists largely of net expenditures of foreign currencies.

150

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 3.15B.—Relation of Federal Government Receipts and Expenditures in the
[Billions of
Calendar quarters not seasonally adjusted
Line

1967

III

1969

IV

II

III

IV

II

III

IV

Receipts:
Unified budget receipts
Less: Coverage differences i
Financial transactions
Plus: Netting differences:
Contributions to government employees retirement funds..
Other 2...
Timing differences:
Corporate income tax
Federal and State unemployment insurance taxes
___
Withheld personal income tax and social security contributions..
Excise taxes
Other

35.3

31.9

36.1

50.3

43.6

39.2

44.2

60.7

48.0

42.9

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.3
1.2
.1

-5.7
-.1
.4
.1
.0

.7
-.2
-.4
-.1
.0

1.2
-.1
-.5
-.1
.0

.0

-.1

56.3

48.9

44.2

45.2

50.4

48.5

.2
—. 1

1.4
.1
.0

1.1
.1
-.1

.5

1.4
-.2
-.2
-.1
.0
.0

Miscellaneous 3_.
Equals: Fe^e***! Government receipts, national income and product
accounts.
Expenditures:

37.0

Unified budget outlays

44.1

2.3
-.1
-.3
.0
,0
.0
34.5

2.1
.3
1.1
.0
.0
.0
40.5

-3.3
-.1
.3
.1
.0
.1
48.0

42.4

44.9

47.4

1.0
.2
-.1

2.5
.3
.0

.1

Net purchases of land:
Outer Continental ShelfOther..
Plus: Netting differences:
Contributions to government employees retirement funds..
Other 2
Timing differences:
Purchases of goods and services (increase in payables net of
advances).
Interest
Transfer payments
Subsidies less current surplus of government enterprises
Miscellaneous 6_.
Equals: Federal Government expenditures, national income and product
accounts.




.0
44.6

3.0
.2
.0

-.6
.1

Less: Coverage differences:
Geographic*
Others
Financial transactions:
Net lending
Net purchases of foreign currency .
Other.

.5
-.2
-. 1
-.2
.0

46.8

2.0
-.1
—.4
.0
.0

.0

.0

-.2

41.6

47.7

46.4

46.1

.4
.1
-.2
-.3
.1
.5

.5
.4

-1.6

.4

-.7

-.2

-1.0

-.4

-.2

-.2

-.5
.0
.2

.1
.0
.1

.0
.0

1.2
.0
.0

-.2
.0
.0

.1
.0
.0

-.2
.0
.1

.5
.0
.2

-.8
.0
.0

.2
.0

.2

.3

.2

-.4

-.5

.1

-.6

1.2

.2

42.0

42.8

42.3

45.1

46.0

47.1

45.0

46.6

49.0

-.2
.0
47.9

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

151

National Income and Product Accounts to the Unified Budget: Fiscal Years 1968-74—Continued
dollars]
Calendar quarters not seasonally adjusted

II

III

IV

I

48.1

67.4

55.6

50.5

55.2

.1

.1

.1

.1

.1

.0

.0

.0

.0

.0

.8
.4

.8
.4

.9
.4

.9
.7

.9
.3

1.9
-.3
-.4
-.5
.0

1.6
-.1
-.7
-.6
.0

.9
1.4
1.9
.9
.0

-5.5
-.5
.0
.1
.0

1.5
-.5
-.4
-.2
.1

I

IV

IV

I

46.5

41.1

44.1

56.7

48.6

44.6

.0

.0

.1

.1

.0

.0

.0

.0

.0

.0

,0

.8
.5

.6
.3

.6
.4

.8
.5

.8
.5

-5.4
-.2
.0
.1
.0

1.4
-.2
-.6
-.1
.0

1.1
-.1
-.7
-.1
.0

2.3
.6
-.3
—.1
.0

-3.0
-.3
.0
-.2
.0

II

44.4

58.6

.1

.1

.0

.0

.7
.5
.4
.4
1.0

1973*

II

III

III

I

II

1974*
III

IV

I

71.0

64.4

59.8

60.5

.1

.1

.1

.1

.0

.0

.0

.0

.9
.2

1.0
.6

1.0
.7

1.0
.3

2.4
-.2
-.6
.0
.0

2.1
1.9
2.1
.1
.0

-5.1
-.8
.1
.1
.0

2.1
-.7
-.3
-.2
.0

II

Line
III

IV

80.2

72.9

66.9

1

.2

.1

.1

2

.0

.0

.0

.0

3

1.0
.2

1.1
.7

1.1
.6

1.3
.3

1.2
.4

4
5

2.0
-.3
-.8
-.2
.0

1.1
1.8
1.7
.2
.0

-4.9
— 9

3.4
-.8
-.3
-.1
.1

1.2
-.3
-.8
-.2
.0

6
7
8
9
10

'.1
.0

.0

.0

.1

.1

.0

.0

.0

.0

.0

-.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

11

47.4

54.4

47.8

42.3

47.8

54.5

50.4

45.9

54.4

62.8

57.3

53.0

62.8

66.8

66.5

61.7

67.0

76.4

76.7

68.4

12

47.8

49.8

54.3

49.9

52.3

54.9

56.3

55.2

58.6

61.8

57.6

60.9

64.7

63.3

65.5

64.9

67.6

70.4

74.5

78.9

13

bto

.0

1972

1971

1970

.2
.0

.2
.0

.2
.0

.2
.0

.2
.0

.2
.0

.2
.1

.2
-.2

.2
.0

.3
-1.4

.3
.0

.3
-.3

.3
.0

.3
-.1

.3
-1.1

.4
-1.1

.3
-1.4

.3
-.4

.4
-1.1

14
15

.5
.1
-.1

1.0
.1
-.1

.6
.0
.0

.0
.1
-.1

1.5
.0
-.1

1.2
.1
.0

.5
.0
-.1

.6
.0
.0

.7
.0
.0

.7
.0
.1

.9
.0
-.2

.2
.0
.0

1.8
.0
.0

-1.0
.0
.1

2.4
.0
-.1

.1
.0
.0

1.9
.0
-.1

.8
.0
.0

3.3
.0
—.1

3.2
.0
.0

16
17
18

-.1
.0

-.1
. 0

-.1
.0

-.2
.0

-.6
.1

.0
.1

.0
.1

.0
.1

.0
.1

.0
.1

-.1
.0

-.8
.0

-1.3
.0

-.3
.0

-1.3
.1

-.5
.1

-1.0
.1

-3.6
.1

.0
.0

-1.4
.0

19
20

.7
.5

.8
.5

.6
.3

.6
.4

.8
.5

.8
.5

.8
.4

.8
.4

.9
.4

.9
.7

.9
.3

.9
.2

1.0
.6

1.0

1.0
.3

1.0
.2

1.1
.7

1.1
.6

1.3
.4

1.2
.4

21
22

-.4

.2

-.4

.6

.2

.7

.3

.0

-1.9

1.5

.9

.1

.1

.5

.5

-.1

-1.2

.7

-.3

23

-.7
.0
.0

1.4
.1
.1

-.9
.1
-.2

1.0
.0
-.2

-1.0
,0
.0

1.0
.0
.3

-1.1
.0
.1

1.0
.1
-.4

-1.1
.0
.0

1.1
-.2
.5

-1.1
.1
.1

1.2
-.1
.4

-1.2
.0
-.4

1.2
.1
-.4

.1
.1
-.1

-.1
.1
.6

-.1
.2
.2

-.1
.0
1.5

.0
.0
1.1

24
25
26

.0
.1
— 4

-.3

.2

.1

.1

.1

.1

.1

.2

.1

-.1

.6

.0

.2

-.4

.3

.0

.1

.1

.1

.0

27

46.9

51.9

53.0

52.4

51.9

55.3

56.6

56.8

58.0

61.6

60.4

64.8

64.5

66.5

66.0

67.9

69.8

75.0

75.3

80.2

28




152

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 3.16.—Relation of National Defense Purchases in the National Income and Product Accounts to National Defense Outlays in the
Unified Budget: Annually, 1960-74
[Billions of dollars]
Line

1960
National defense outlays in the unified budget...

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

45.4

47.6

51.8

51.9

50.7

51.2

62.3

74.9

80.5

81.0

77.2

74.1

76.9

77.2

83.4

Department of Defense, military

41.6

44.4

48.6

48.3

47.9

48.7

60.9

72.8

78.3

78.8

75.4

71.8

74.9

76.0

82.6

Military personnel
Retired military personnel..
Operation and maintenance-

11.1
.7
10.4

11.4
.8

12.3
.9

12.3
1.1

13.3
1.3

13.9
1.5

16.5
1.7

19.0
2.0

21.0
2.3

22.0
2.6

22.8
3.1

22.7
3.7

23.4
4.1

24.7
5.6

11.1

11.8

11.8

12.0

13.3

16.1

20.2

21.2

22.6

21.0

20.6

21.7

23.4
4.7
21.4

Procurement
Aircraft
Missiles
Ships..
Vehicles and ordnance
Electronics and communications.
Other

13.3
6.3
3.6
.9
.5
1.2
.9

15.2
6.7
4.9
2.0
.9
1.1

16.1
6.3
4.5
1.9
1.5
1.3

16.4
6.2
3.4
2.6
1.7
1.3
1.1

14.1
5.8
3.1
2.1
1.3
1.0

12.4
5.8
2.0
1.4
1.4

16.2
7.3
2.0
1.4
2.7
1.2
1.7

22.0
9.3
2.0
1.6
5.3
1.4
2.5

23.3
9.4
2.4
1.5
6.3
1.7
2.1

23.4
8.6
2.8
2.0
6.4
1.3
2.3

20.4
7.5
3.1
2.1
4.9
1.2
1.7

16.3
5.6
2.8
1.9
3.3
1.0
1.8

17.1
5.5
3.1
2.1
3.5
.9
2.1

15.7
5.2
3.1
1.9
2.9
.8
1.8

15.6
5.0
3.0
2.4
1.9
.8
2.5

3.3

4.4
1.4

5.6
1.8

7.0

6.8
.4

6.1
1.6

6.8
3.7

7.6
2.0

7.4
3.2

7.5

7.1

7.3

8.0
.6

8.6
2.2

8.9
2.9

.8

1.0

.8

.7

.5

1.1

1.4

1.5

1.3

Research, development, test, and evaluation..
Other i
Military assistance
Atomic energy and
activities

other

defense-related

Less: Transfer payments, grants-in-aid, and net
interest p a i d . . .
Timing differences and other adjustments 2_.
Equals: National defense purchases, national
income and product accounts..

2.7
1.5
2.3
.0
44.5

1.1

1.2

2.1

2.0

1.0
—.4

1.1
—.3

47.0

51.1

—.4

1.2

1.0

1.3

1.7

1.1

1.3
.3

1.5
.1

1.6
.1

1.8
.1

2.1
1.3

2.5
1.2

2.8
1.9

3.3
.4

50.3

49.0

49.4

60.3

71.5

76.9

76.3

73.5

1.6
2.0

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
B USINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
C U R R E N T BUSINESS.

24.9

.7

.4

1.0

1.3

.8

—.1

3.8
.0

4.3
—1.0

4.9
—1.0

5.8
.2

70.2

73.5

73.4

77.4

1.1
1.2

g
1. Consists largely of military construction, family housing, civil defense, and revolvin
and management funds.
2. Consists largely of the increase in advances net of pavables for defense purchases.

Table 3.17.—Relation of Commodity Credit Corporation (CCC) Expenditures in the National Income and Product Accounts to CCC Outlays in the Unified Budget: Annually, 1960-74
Billions of dollars]
1967

1972

1962

1963

1964

1965

3.7

5.0

4.9

4.7

3.7

3.1

2.4

6.3

5.0

3.9

4.0

4.1

2.1

-.5

.4

.7

1.0

1.7

-.1

.0
-.2

.0
-.2

1.8
—.2
.0
-.2

1.1
—.6
-.1
-.2

1.0
—.5
.2
-.1

-.2
—.4
.1

1.5
—.4
-.1

.4
—.4
.1
—.2

.7
—.4
.1
—.2

.7
—.4
-.1
-.2

.6
—.2
.4
—.2

—.5

.0
-.1

3.9

4.1

1.6

-.1

-2.9
.3

-1.4
.4

1968

1970

1969

1973*

1

Commodity Credit Corporation outlays in the
unified budget.

2
3
4
5

Less: Financial transactions
Netting differences
Timing differences
Other i

6

Equals: Commodity Credit Corporation expenditures, national income and product
accounts.

2.3

3.2

4.1

3.2

3.2

3.4

2.6

3.0

5.4

5.1

.9
—.4
.3
—.2
3.2

7
8
9

Purchases of goods and services
Transfer payments to foreigners
Grants-in-aid to State and local governments.
Net interest paid
Subsidies less current surplus
Subsidies

.6
.3
.1

.2
.4
.1

.8
.4

.1
.4

-.5
.4

-.4
.3

-1.9
.3

-.5
.3

1.7
.3

.8
.3

-1.0
.4

.2
.4

-.7
.5

.0
1.4
.1
-1.3

.0
2.6
1.0
-1.6

.0
2.8
1.2

.0
2.8
1.2

.0
3.4
1.7

.0
3.5
2.0

.0
4.2
2.9

.0
3.3
2.7
a

.0
3.4
3.0
Q

4.0
3.5

—.2
4.1
3.5

—.2
3.5
3.0

-.2
4.6
3.9

10
11
12
13

2.7

1966

1971

1961

1960

Line

1 R

1 a

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY or
CURRENT BUSINESS.




1 7

1

K

1 o

a

1. Consists largely of foreign currency transactions.

e

7

4*4
2.7
1 7

1974*

.2
-.1

-.4
1.2
.2

1 A

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

153

Table 3.18.—Relation of State and Local Government Receipts and Expenditures in the National Income and Product Accounts to Bureau
of Census Governmental Finances Data: Fiscal Years, 1958-74
[Billions of dollars]
Line

1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

49.3

54.0

60.3

64.5

69.5

75.3

81.5

88.1

97.6

106.6

117.6

132.2

150.1

166.1

190.8

217.6

237.9

1.7
.1

1.8
.0

2.3
.0

2.5
.1

2.8'
.1

3.3
.0

3.2
—.1

3.3
.2

3.3
.3

3.6
—2 1

5.0
—2 2

5.7
-1.0

.0

.0

.1

.1

.1

.1

x

1

3.0
— 4
1

3.1
—1 2

.1

3.0
—.9
.1

3.1
—1 2

Financial transactions,.

3.2
.2
.1

2

2

.2

Sale of land

.1

.2

.2

.2

.2

.3

.2

.3

.3

.2

.2

.2

1.2

.3

.2

.3

.4

5.7
1.5
.9

6.2
1.7
1.0

6.8
2.0
1.3

7.2
2.1
1.4

7.5
2.3
1.6

8.3
2.6
1.8

8.5
2.8
2.0

9.1
3.1
2.4

9.6
3.5
2.8

10.1
3.8
3.4

10.9
4.2
3.7

11.7
4.6
4.5

13.0
5.0
5.5

14.3
5.4
6.4

15.6
5.7
6.9

17.8
5.9
8.1

19.5
6.4
11.0

-1.1

-1.1

-1.3

-1.4

-1.4

-1.6

-1.7

-1.8

-2.0

-2.3

-2.7

-2.9

-3.3

-3.8

-4.1

-4.8

-5.5

-.6
-.1
.6

—1.1
.1
1.2

-.5
.0
—.3

-.6
-.1
.1

—.3
.1
.0

.1
.1
-.2

.1
.1
—.1

.1
.0
.2

_. 1
_
1
.3

—.2
.1
.4

1.4
.3
.5

.8
.2
.4

1.7
—.2
—.1

.4
.4
—.4

.2

-.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

40.1

44.4

48.3

51.8

56.2

60.5

66.3

72.1

80.1

88.0

101.2

112.6

128.0

142.0

165.0

186.6

200.8

53.7

58.6

61.0

67.0

70.5

75.8

80.6

87.0

94.9

106.0

116.2

131.6

148.1

170.8

190.5

205.2

226.0

2.8

3.3

2.4

3.5

2.8

2.8

2.6

2.3

1.9

1.9

2.1

2.0

2.7

4.7

4.7

4.1

4.7

.9

1.0

1.0

1.1

1.2

1.3

1.5

1.5

1.6

1.6

1.7

1.8

1.7

2.0

1.8

2.0

2.0

17.8

19.5
6.4
19.5
6.4
11.0
-5.5

1974*

Receipts
Census total revenue
Less: Coverage differences:
Unemployment insurance fund contributions and earnings
Certain grant programs

Netting and grossing differences:
Enterprise current operating expenditures
plus current surplus
Government sales
Interest received
Employer contributions to own social insurance funds.

2

x

Plus: Timing differences:
Property taxes
Corporate profits taxes..
Other
MiscellaneousEquals: State and local government receipts, national income and product accounts

2

x

o
x
7

1.1
.1
-1.7

Expenditures
15

Census total expenditures
Less: Coverage differences:

16

Unemployment insurance fund benefits

17

Purchases of land
Netting and grossing differences:
Enterprise current operating expenditures
plus current surplus
Government sales
Interest received.
Employer contributions to own social insurance funds

5.7
1.5
.9

6.2
1.7
1.0

6.8
2.0
1.3

7.2
2.1
1.4

7.5
2.3
1.6

8.3
2.6
1.8

8.5
2.8
2.0

9.1
3.1
2.4

9.6
3.5
2.8

10.1
3.8
3.4

10.9
4.2
3.7

11.7
4.6
4.5

13.0
5.0
5.5

14.3
5.4
6.4

15.6
5.7
6.9

17.8
5.9
8.1

-1.1

-1.1

-1.3

-1.4

-1.4

-1.6

-1.7

-1.8

-2.0

-2.3

-2.7

-2.9

-3.3

-3.8

-4.1

-4.8

Plus: Timing differences: Excess of accruals over
disbursements, and other

-1.1

-.3

-.8

-1.1

-.3

-.4

1.0

1.0

2.1

2.2

4.1

2.7

.2

-.4

-3.7

.2

2.4

.0

.0

-.2

-.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

-.3

41.9

46.2

47.9

52.1

5S.2

60.1

65.8

71.3

79.5

89.6

100.5

112.6

123.6

141.4

156.2

172.2

190.1

Miscellaneous..
Equals: State and local government expenditures,
national incoire and product accounts..

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




K R

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

154

4. Foreign Transactions

Table 4.1.—-Foreign Transactions in the National Income and Product Accounts:
[Millions of
1946

1947

1948

1949

1950

Receipts from foreigners.

14,811

Exports of goods and services..
Merchandise
Other

14,811
11,764
3,047

1951

19,837

16,882

15,859

13,914

19,837
16,097
3,740

16,882
13,265
3,617

15,859
12,213
3,646

13,914
10,203
3,711

1952

1953

1954

1955

1956

1957

18,932

18,204

18,932
14,243
4,689

18,204
13,449
4,755

17,145

18,001

20,045

23,860

26,724

17,145
12,412
4,733

18,001
12,929
5,072

20,045
14,424
5,621

23,860
17,556
6,304

26,724
19,562
7,162

Capital grants received by the United
States (net)
Payments to foreigners.

14,811

19,837

16,882

15,859

13,914

18,932

18,204

17,145

18,001

20,045

23,860

26,724

Imports Of goods and services.
Merchandise
Other

7,239
5,067
2,172

8,227
5,973
2,254

10,371
7,557
2,814

9,640
6,874
2,766

12,016
9,081
2,935

15,094
11,176
3,918

15,810
10,838
4,972

16,554
10,975
5,579

16,011
10,353
5,658

17,827
11,527
6,300

19,590
12,803
0,787

20,652
13,291
7,361

Transfer payments (net)
From persons (net)
From government (net).

2,910
661
2,249

2,606
663
1,943

4,506
678

5,612
506
5,106

4,001
438
3,563

3,492

386

2,492
404

2,444
466

2,244
468

. 2,360
492

2,268
493
1,775

15

16

25

31

3,106

2,088

2,453
411
2,042

1,978

1,776

47

64

86

59

154

299

-162

-1,939

-313

1,756

Interest paid by government to foreigners.
Net foreign investment

3,828
17

4,647

582

-2,134

1,988

1,868

94

201

[Billions of
1946
I

1

II

13.7

Line

1947

1948

III

IV

I

II

III

IV

14.5

19.4

20.6

20.5

1949
IV

I

II

18.8

18.2

16.6

16.8

20.5
16.8
3.7

18.8
15.1
3.7

18.2
14.6
3.6

16.6
13.0
3.6

16.8
13.1
3.7

III

I

II

16.0

17.5

16.0
12.4
3.6

17.5
13.7
3.8

III

IV

17.1

15.5

13.3

17.1
13.2
3.9

15.5
11.9
3.6

13.3
10.1
3.2

5

Imports of goods and services
Merchandise
Other

13

Transfer payments (net)
From persons (net)
From government (net). . .
Interest paid by government to foreigners.

14

14.9

14.5

19.4
15.7
3.7

20.6
16.7
3.9

13.7

14.9

16.2

14.5

19.4

20.6

20.5

18.8

18.2

16.6

16.8

16.0

17.5

17.1

15.5

13.3

7.2

7.3

7.6

7.8
5.6
2.2

8.5
6.3
2.2

7.9
5.8
2.1

8.7
6.2
2.5

9.9
7.3
2.6

10.3
7.6
2.7

10.8
7.7
3.1

10.4
7.5
2.9

10.0
7.2
2.8

9.8
6.9
2.9

9.3
6.6
2.7

9.5
6.9
2.6

3.3
.5

3.1
.7
2.4

2.7
.7
2.0

2.6
.7
1.9

2.4
.7
1.7

2.5
.6
1.9

2.8
.7
2.1

2.7
.6
2.1

3.8
.8
3.0

3.6
.7
3.0

5.5
.6
4.8

5.2
.6
4.5

5.7
.5
5.1

5.9
.5
5.4

5.8
.5
5.3

5.1
.5
4.7

Capital grants received by the United
States (net).

6
7
8
9

16.2
16.2

6.8

Exports of goods and services
Merchandise
Other

14.9

13.7

Receipts front foreigners

2
3
4

Net foreign investment

10
11
12

Payments to foreigners

_.

2.7
.0

.0

0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

4.6

6.2

4.3

9.1

9.6

9.8

7.4

4.5

2.6

.5

.4

1.8

1.4

.4

—1.3

3.5
1956

Line

1957

1958

I

II

III

IV

I

II

III

IV

I

22.1

23.5

24.5

25.3

27.6

27.3

26.7

25.3

22.1
15.9
6.2

23.5
17.2
6.3

24.5
18.1
6.5

25.3
19.1
6.2

27.6
20.6
7.0

27.3
20.1
7.2

26.7
19.4
7.2

25.3
18.1
7.2

1959

II

III

IV

I

II

III

IV

23.1

23.3

23.4

23.4

22.6

22.9

24.9

24.5

23.1
16.6
6.6

23.3
16.3
6.9

23.4
16.4
6.9

23.4
16.3
7.1

22.6
15.6
7.0

22.9
15.9
7.0

24.9
17.5
7.4

24.5
16.9
7.6

1

Receipts from foreigners

2
3
4

Exports of goods and services
Merchandise
Other

5

Capital grants received by the United
States (net).

6
7
8
9

Payments to foreigners

22.1

23.5

24.5

25.3

27.6

27.3

26.7

25.3

23.1

23.3

23.4

23.4

22.6

22.9

24.9

24.5

Imports of goods and services
Merchandise
Other
.

19.6
13.0
6.6

19.6
12.7
6.9

19.9
12.6
7.3

19.2
12.9
6.3

20.8
13.2
7.6

20.9
13.4
7.6

20.5
13.1
7.4

20.4
13.5
6.8

20.3
12.6
7.7

20.9
12.7
8.2

20.5
12.8
7.8

21.6
13.8
7.8

22.2
14.5
7.7

23.4
15.5
7.8

23.7
15.8
7.9

23.4
15.4
8.0

2.2
,5
1.8

2.4
.5
1.9

2.4
.5
1.9

2.4
.5
1.9

2.2
.5
1.7

2.5
.5
2.0

2.2
.5
1.7

2.2
.5
1.7

2.1
.4
1.7

2.2
.4
1.8

2.3
.4
1.9

2.3
.4
1.9

2.3
.4
1.9

2.1
.4
1.7

2.2
.4
1.8

2.5
.4
2.0

..

.

.

10
11
12

Transfer payments (net)
From persons (net)
From government (net)

13

Interest paid by government to foreigners.

.1

.1

.2

.2

.2

.2

.2

.2

.2

.1

.1

.2

.2

.2

.3

.4

14

Net foreign investment

.1

1.4

2.1

3.5

4.4

3.7

3.8

2.6

.6

.1

.4

-.7

-2.1

-2.8

-1.4

-1.8

.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.




155

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

30,607

32,709

37,393

39,548

42 773

45,561

49,933

54,699

63,335

66,312

73,366

30,607
20,781
9,826

32,709
22,272
10,437

37,393
25,501
11,892

39,548
26,461
13,087

42,773
29,310
13,463

45,561
30,666
14,895

49,933
33,626
16,307

54,699
36,414
18,285

62,468
42,469
19,999

65,595
43,311
22,284

72,656
49,388
23,268

867

717

710

0

1958

1959

1960

1961

1962

23,286

23,725

27,595

28,882

23,286
16,414
6,872

23,725
16,458
7,267

27,595
19,650
7,945

28,882
20,108
8,774

1974*

1973*
101,519

Line

142,214

1

144,224
98,309
45,915

2
3
4

—2,010

101,519
71,379
30,140

5

23,286

23,725

27,595

28,882

30,607

32,709

37,393

39,548

42,773

45,561

49,933

54,699

63,335

66,312

73,366

101,519

142,214

6

20,822
12,952
7,870

23,166
15,310
7,856

23,223
14,758
8,465

23,076
14,537
8,539

25,229
16,260
8,969

26,414
17,048
9,366

28,445
18,700
9,745

31,957
21,510
10,447

37,713
25,493
12,220

40,624
26,866
13,758

47,653
32,991
14,662

52,946
35,807
17,139

58,522
39,866
18,656

64,033
45,579
18,454

75,949
55,797
20,152

94,151
70,424
23,727

136,478
103,586
32,892

7
8
9

2,221
423
1,798

2,335
436
1,849

2,300
414
1,886

2,514
424
2,090

2,628
467
2,161

2,742
563
2,179

2,769
602
2,167

2,841
664
2,177

2,917
640
2,277

3,107
862
2,246

2,933
817
2,115

2,976
921
2,055

3,248
1,050
2,198

3,642
1,058
2,585

3,779
1,034
2,745

3,841
1,210
2,631

4,235
1,029
3,206

10
11
12

139

281

332

278

339

401

453

489

549

598

702

777

1,024

1,844

2,684

3,836

4,262

13

104

-2,007

1,740

3,014

2,411

3,152

5,726

4,261

1,594

1,232

-1,355

-2,000

541

-3,207

-9,046

-309

-2,761

14

dollars]

I

1952

1951

1950
II

III

IV

I

III

II

IV

II

I

1954

1953
III

IV

I

III

II

IV

I

1955

II

III

IV

Line

I

II

III

IV

13.1

13.3

14.0

15.2

16.6

19.0

19.9

20.2

20.4

18.4

17.0

17.1

16.9

17.1

17.5

17.1

16.5

18.5

18.0

19.0

19.6

19.3

20.5

20.8

1

13.1
9.6
3.5

13.3
9.8
3.5

14.0
10.2
3.8

15.2
11.3
4.0

16.6
12.5
4.1

19.0
14.3
4.7

19.9
15.1
4.8

20.2
15.1
5.1

20.4
15.4
5.0

18.4
13.4
4.9

17.0
12.4
4.6

17.1
12.5
4.5

16.9
12.1
4.7

17.1
12.3
4.8

17.5
12.9
4.7

17.1
12.3
4.7

16.5
11.6
4.9

18.5
13.6
4.9

18.0
12.9
5.1

19.0
13.6
5.3

19.6
14.2
5.5

19.3
13.8
5.5

20.5
14.8
5.7

20.8
14.9
5.8

2
3
4
5

13.1

13.3

14.0

15.2

16.6

19.0

19.9

20.2

20.4

18.4

17.0

17.1

16.9

17.1

17.5

17.1

16.5

18.5

18.0

19.0

19.6

19.3

20.5

20.8

6

9.9
7.2
2.7

10.6
7.8
2.8

13.4
10.4
3.0

14.1
10.9
3.2

15.4
11.8
3.6

15.7
12.0
3.7

14.8
10.8
4.0

14.5
10.1
4.4

15.4
10.7
4.7

15.2
10.6
4.6

15.8
10.8
5.0

16.9
11.3
5.6

16.3
11.0
5.3

17.0
11.5
5.4

16.8
11.2
5.7

16.1
10.2
5.9

15.4
10.0
5.4

16.8
11.0
5.7

15.9
10.2
5.7

16.0
10.2
5.9

16.7
11.1
5.6

17.8
11.2
6.5

18.1
11.3
6.8

18.7
12.5
6.3

7
8
9

4.4
.5
3.9

4.2
.4
3.7

3.5
.4
3.1

3.9
.4
3.5

3.4
.4
3.0

3.4
.4
3.0

3.5
.4
3.1

3.6
.4
3.2

2.1
.4
1.7

2.8
.4
2.4

3.0
.4
2.6

2.1
.4
1.7

2.6
.5
2.1

2.6
.5
2.1

2.4
.5
1.9

2.3
.5
1.8

2.1
.4
1.7

1.8
.4
1.4

2.6
.7
1.9

2.5
A
2.1

2.9
.4
2.5

2.4
.4
2.0

2.3
.4
1.9

2.2
.4
1.8

10
11
12

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.1

. .1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

13

—1.2

—1.5

—3.0

—2.9

—2.2

—.2

1.6

2.0

2.8

.4

—1.8

—2.0

—2.1

—2.5

—1.8

—1.5

—1.0

—.1

—.6

.4

—.1

—.9

.1

—.3

14

1961

1960
I

II

III

26.4

27.4

28.2

26.4
18.7
7.7

27.4
19.7
7.7

28.2
20.1
8.1

1962

I

II

III

IV

I

28.3

28.9

27.9

29.0

29.8

28.3
20.1
8.2

28.9
20.4
8.5

27.9
19.2
8.6

29.0
20.2
8.9

29.8
20.7
9.1

IV

1964

1963

II

III

IV

29.4

31.2

31.1

30.7

30.5

32.7

33.0

29.4
20.3
9.1

31.2
21.3
9.9

31.1
21.3
9.7

30.7
20.1
10.6

30.5
20.3
10.2

32.7
22.4
10.3

33.0
22.7
10.3

I

II

III

I

II

34.6

36.9

36.4

34.6
23.8
10.9

36.9
25.0
11.9

36.4
24.8
11.6

IV

1965

Line

IV

I

II

III

IV

37.8

38.6

35.5

41.1

40.7

40.8

1

37.8
25.7
12.1

38.6
26.5
12.0

35.5
22.7
12.8

41.1
27.8
13.4

40.8
27.9
12.9

2
3
4

III

40.7
27.5
13.3

5
26.4

27.4

28.2

28.3

28.9

27.9

29.0

29.8

29.4

31.2

31.1

30.7

30.5

32.7

33.0

34.6

36.9

36.4

37.8

38.6

35.5

41.1

40.7

40.8

6

23.7
15.2
8.4

23.9
15.4
8.4

23.3
14.6
8.7

22.1
13.8
8.3

22.1
13.6
8.5

22.3
13.8
8.5

23.7
15.2
8.5

24.2
15.6
8.6

24.6
15.9
8.8

25.2
16.3
8.8

25.4
16.5
8.9

25.8
16.4
9.4

25.4
16.3
9.2

26.2
16.9
9.2

27.0
17.5
9.5

27.1
17.5
9.5

27.3
17.7
9.7

28.1
18.4
9.7

28.8
19.0
9.7

29.6
19.7
9.9

28.7
18.8
9.9

32.4
21.9
10.4

32.6
22.3
10.4

34.1
23.1
11.0

7
8
9

2.0
.4
1.7

2.2
.4
1.8

2.4
.4
2.0

2.5
.5
2.1

2.5
.4
2.1

2.5
.4
2.1

2.4
.4
2.0

2.6
.4
2.2

2.8
.5
2.3

2.5
.5
2.0

2.5
.5
2.1

2.7
.5
2.2

2.6
.6
2.0

2.7
.5
2.2

2.8
.6
2.2

2.9
.6
2.4

2.6
.6
2.0

2.8
.6
2.3

2.8
.6
2.1

2.9
.6
2.2

2.6
.6
1.9

3.1
.7
2.5

2.8
.7
2.2

2.8
.7
2.1

10
11
12

.4

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.4

.4

.4

.4

.4

.4

.4

.4

.5

.5

.5

.3

1.0

2.2

3.4

4.0

2.8

2.6

2.6

1.7

3.3

2.8

1.9

2.1

3.5

2.8

4.2

6.5

5.0

5.8

5.6

3.8

5.2




.5
4.8

.5

13

3.4

14

156

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 4.1.—Foreign Transactions in the National Income and Product Accounts:
[Billions of
1966

Line
I
1

Receipts from foreigners

II

III

I

IV

Exports of goods and services
Merchandise
„.
Other
_

5

41.7

42.0

43.2

44.2

41.7
28.8
12.9

2
3
4

1968

1967

42.0
28.7
13.3

43.2
29.6
13.6

44.2
30.2
14.0

II

III

I

IV

II

III

IV

45.7

46.4

47.1

50.1

52.4

50.1

44.9
30.9
14.1

45.3

45.7
30.7
15.0

46.4
30.4
16.0

47.1
31.8
15.3

50.1
33.6
16.5

52.4
35.6
16.8

50.1
33.6
16.5

44.9

Capital grants received by the United
States (net).

45.3
30.8
14.5

6

Payments to foreigners

41.7

42.0

43.2

44.2

45.3

44.9

45.7

46.4

47.1

50.1

52.4

50.1

7
8
9

Imports of goods and services
Merchandise
Other
_

35.6
24.1
11.5

36.7
24.7
12.0

39.1
26.5
12.6

39.5
26.7
12.8

40.1
26.7
13.4

39.7
25.9
13.8

40.4
26.3
14.1

42.4
28.6
13.8

45.4
31.3
14.1

46.8
32.5
14.3

49.3
34.3
15.0

49.1
33.8
15.3

3.3
.6

2.9
.7
2.3

2.8
.7
2.2

2.6
.6
2.0

2.9
.7
2.2

3.4
1.2
2.2

3.4
.8
2.6

2.7
.7
2.0

2.6
.8
1.8

2.8
.8
2.1

3.1
.9
2.2

3.2
.8
2.4

10
11
12

Transfer payments (net)
From persons (net)
From government (net)

13

Interest paid by government to foreigners.

14

Net foreign investment

2.7

.5

2.3

.6

.6

.5

.6

.6

.7

.7

.7

.7

.7

1.9

.5

_

.7

1.4

1.8

1.2

1.3

.6

-1.6

-.3

-.7

-2.9

Table 4.2.—Foreign Transactions in the National Income and
[Billions of
1946

Line
II
Receipts from foreigners..
Exports of goods and services
Capital grants received by the United
States (net).
Payments to foreigners...
Imports of goods and services.

III

IV

II

III

III

II

II

IV

III

IV

3.9

3.8

3.8

4.8

5.3

4.8

4.9

4.5

4.3

4.0

4.2

4.3

4.4

3.7

3.5

3.9

3.8

3.8

4.8

5.3

4.8

4.9

4.5

4.3

4.0

4.2

4.3

4.4

3.7

3.5

3.3

3.9

3.8

3.8

4.8

5.3

4.8

4.9

4.5

4.3

4.0

4.2

4.3

4.4

3.7-

3.5

2.0

2.1

2.7

2.6

2.5

2.4

2.3

2.4

1.3
.2
1.2

1.2
.2
1.0

1.4
.1
1.3

1.6
.1
1.5

1.4
.1
1.3

1.2
.1
1.0

1.7

1.7

1.8

1.9

2.0

2.2

.7
.2
.5

.7
.1
.5

.8
.2
.7

2.5

2.5

1.0
.2
.8

.6
.2
.4

1.0
.2
.8

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

1.3

Net interest paid

1.3

1.3

2.2

2.6

2.2

2.0

1.0

.7

-.1

.4

.4

.3

.0

-.1

1956

Line

1957
III

II
Receipts from foreigners.

IV

1949

3.3

Net foreign investment..

Exports of goods and services
Capital grants received by the United
States (net).

1948

3.3

Transfer payments (net)
From persons (net)
From government (net)..

10

1947

II

IV

1959

1958
III

IV

II

III

IV

III

II

IV

5.4

6.0

5.8

6.6

6.8

7.0

6.3

6.6

5.6

6.0

5.6

6.1

5.5

5.9

6.0

6.5

5.4

6.0

5.8

6.6

6.8

7.0

6.3

6.6

5.6

6.0

5.6

6.1

5.5

5.9

6.0

6.5

Payments to foreigners..

5.4

6.0

5.8

6.6

6.8

7.0

6.3

6.6

5.6

6.0

5.6

6.1

5.5

5.9

6.0

6.5

Imports of goods and services.

4.8

4.9

5.1

4.8

5.0

5.3

5.3

5.1

4.9

5.2

5.3

5.4

5.3

5.9

6.1

5.8

.5
.1
.4

.6
.1
.5

.7
.1
.5

.5
.1
.4

.6
.1
.4

.5
.1
.4

.5
.1
.4

.6
.1
.5

.6
.1
.5

.5
.1
.4

.5
.1
.4

.6
.1
.5

.0

.0

.1

.1

.1

-.5

-.6

Transfer payments (net)
From persons (net)
From government (net).
Net interest paid

.0

.0

.0

.1

.1

.1

.0

Net foreign investment.

.2

1.1

1.1

1.0

.5

.9

.1

1966

-.3

.1
-.8

.1
-.1

1968

1967

Line
II

II

IV

III

III

IV

III

II

IV

10.2

10.8

10.3

11.5

11.1

11.6

10.9

12.0

11.6

12.9

12.4

13.0

10.2

10.8

10.3

11.5

11.1

11.6

10.9

12.0

11.6

12.9

12.4

13.0

Payments to foreigners...

10.2

10.8

10.3

11.5

11.1

11.6

10.9

12.0

11.6

12.9

12.4

13.0

Imports of goods and services..

8.5

9.3

10.1

9.8

10.1

10.4

10.5

10.9

11.8

12.8

12.2

.8
.1

.8
.2
.6

.7
.2
.5

.7
.2
.5

.8
.2
.6

.7
.2
.5

.8
.2
.6

.1

.1

.1

.2

.2

.2

.2

-.5

-.1

.1

-1.2

-.1

Receipts from foreigners..
Exports of goods and services
Capital grants received by the United
States (net).

Transfer payments (net)
From persons (net)
From government (net)..
Net interest paid
Net foreign investment.

.7
.1

.8
.2
.6

.1

.7

•Revised estimates for 1973 and 1974 will be shown in the September 1976 SURVEY OF CURRENT

 revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
BUSINESS. Further
CURRENT BUSINESS.


157

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Annually, 1946-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1969
I

II

1970
III

IV

I

II

III

IV

I

II

III

IV

I

III

II

1974 *

1973*

1972

1971

IV

II

I

III

IV

I

II

Line
III

IV

47.2

56.0

57.4

58.2

62.1

63.7

64.3

63.2

65.8

67.3

68.9

63.1

69.8

69.9

74.1

79.7

89.4

96.6

105.2

114.9

125.1

141.6 148.6 153.6

1

47.2
29.9
17.2

56.0
37.9
18.1

57.4
38.3
19.1

58.2
39.4
18.7

61.3
41.5
19.8

62.9
42.8
20.1

63.4
43.3
20.1

62.3
42.3
20.0

65.1
44.0
21.2

66.6

68.2
46.6
21.6

69.1
47.2
21.9

69.2
46.8
22.4

73.4
50.0
23.5

79.0
53.6
25.4

89.4
61.7
27.7

96.6
67.8
28.8

105.2
73.8
31.4

114.9
82.2
32.7

133.1
89.9
43.2

141.6 148.6 153.6
96.9 100.1 106.4
44.7 48.5 47.2

2
3
4

.9

.9

.9

.9

7

7

7

62.4
38.8
23.6
7

7

7

7

7

.0

.0

.0

.0

-8.0

.0

.0

5

.0

47.2

56.0

57.4

58.2

62.1

63.7

64.3

63,2

65.8

67.3

68.9

63.1

69.8

69.9

74.1

79.7

89.4

96.6

105.2

114.9

125.1

141.6 148.6 153.6

6

46.0
30.4
15.7

55.1
38.3
16.8

54.8
37.1
17.7

55.9
37.5
18.4

57.3
39.0
18.4

58.5
39.4
19.1

58.7
39.9
18.9

59.6
41.2
18.4

61.2
43.1
18.1

65.3
46.9
18.4

66.3
47.8
18.5

63.3
44.6
18.8

73.7
54.0
19.7

73.3
53.2
20.1

75.7
56.1
19.6

81.1
59.9
21.1

87.4
65.3
22.1

92.1
68.8
23.4

95.0
70.9
24.1

102.0
76.7
25.4

117.5
90.3
27.1

137.6 145.5 145.3
102.7 109.4 111.9
34.9 36.1 33.4

7
8
9

2.6
.8
1.8

3.5
1.0
2.5

2.9
.9
1.9

3.0
1.0
2.0

3.1
1.0
2.1

3.2
1.1
2.1

3.3
1.1
2.3

3.4
1.0
2.4

3.3
1.0
2.3

3.5
1.0
2.5

3.9
1.1
2.8

3.9
1.1
2.8

3.9
1.0
2.9

3.8
1.0
2.8

3.8
1.0
2.8

3.6
1.1
2.5

3.0
.9
2.1

4.1
.9
3.2

3.6
.9
2.7

4.7
2.2
2.5

3.8
1.1
2.8

2.4

2.5

2.6

2.7

2.9

3.5

3.9

4.0

4.0

4.0

- 6 . 5 -10.4

-9.8

-8.1

-7.9

-4.5

-3.4

2.6

4.2

-.3

.8

.8

.8

.8

.8

1.0

1.1

1.2

1.3

1.6

2.1

-2.2

-3.3

-1.0

-1.5

.9

1.1

1.1

-1.0

.0

-3.1

-3.3

5.0
1.1
3.9

4.2
1.0
3.2

4.0
1.0
3.0

10
11
12

4.3

4.5

13

-5.2 -5.3

4.2

-.2

14

Product Accounts: Quarterly Totals Not Seasonally Adjusted, 1946-74
dollars]
1950

1951

1952

1955

1954

1953

Line
I

II

III

3.2

3.5
3.5

3.2
2.5
1.1
.1
1.0

I

II

III

IV

5.0

4.8

4.9

4.9

5.5

4.2

5.0

4.8

4.9

4.9

5.5

4

4.0

3.9

4.1

4.5

4.6

4.6

5

.6
2
4

.6
.1
.5

.7
.1
.6

.6
.1
.5

.5
.1
.4

.6
.1
.5

6
7
8

3.4

3.2

IV

I

II

III

IV

I

II

III

IV

I

II

3.4

3.9

4.1

4.9

4.7

5.2

5.0

4.7

4.0

4.5

4.1

4.4

3.5

3.4

3.9

4.1

4.9

4.7

5.2

5.0

4.7

4.0

4.5

4.1

4.4

4.1

4.5

4.0

4.7

2.7

3.3

3.5

3.9

3.9

3.7

3.6

3.9

3.8

4.0

4.1

4.0

4.3

4.3

4.0

3.8

4.3

1.2
.1
1.1

.8
.1
.7

.9
.1
.8

.9
.1
.8

1.0
.1
.9

.8
.i
.7

.9
.1
.8

.5
I
.4

.8
1
.7

.7
1
.6

.5
I
4

6
1
5

7
1

5

6

Q

4

5

5
I
4

5
1
.4

III

IV

I

III

II

IV

1
2
3

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

9

-.4

-.4

-.8

-.6

-.7

.0

.2

.8

.6

.1

-.6

-.2

-.6

-.6

-.7

-.1

-.3

.0

-.4

.4

-.1

-.2

-.3

2

10

1960

1961

I

II

6.4

7.0

6.7

6.4

7.0

6.7

6.4

7.0

6.7

5.7

6.0

6.0

.5
.1
.4

.6
.1
.5

.6
.1
.5

III

1962

I

II

7.4

7.0

7.2

6.9

7.4

7.0

7.2

6.9

7.4

7.0

7.2

5.4

5.3

5.7

.6
.1
.5

.6
.1
.5

.7
.1
.5

IV

I

II

7.8

7.2

8.0

7.3

7.8

7.2

8.0

7.3

6.9

7.8

7.2

8.0

6.1

6.0

5.9

6.4

.6
.i
.5

.6
.i
.5

7
1
.6

6

III

IV

III

IV

III

6.5
7

6

5

6
1
.5

x

8.4

7
1
.5

6.0
7
1
.5

6.6
7
1
6

1

10.8

2
3

10.1

8.7

10.5

9.6

10.8

4

7.4

6.8

8.2

8.5

8.5

5

7
2
.5

7
1
.5

.8
.2
.7

.7
2
.5

,7
,2
.5

6
7
8

7.5
7
2
.5

9.0

6.7
7

7.4

6.4

10.8

9.6

8.9

9.1

7.1
7
1
5

8.1

6.5

9.6

10.5

9.3

7.8

7.8

10.5

7.1
g
2
6

9.3

7.8

8.4

8.7

10.1

9.3

9.0

8.4

7.4

8.7

10.1

8.9

9.0

9.1

7.4

8.1

Line
IV

8.9

9.1

8.1

IV

III

I

II

II

II

IV

III

I

I

7.3

.5

1965

1964

1963

..

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

9

.1

.3

.0

1.3

1.0

.8

.1

1.1

.5

.9

.1

1.0

.7

1.0

-.1

1.6

1.7

1.4

.6

2.0

1.1

1.4

.3

1.5

10

1969

1970

1972

1971

1974I*

1973*

Line
I

II

11.5

14.5

11 5

14.5

IV

I

13.6

15.1

13.6

15.1

III

I

II

I

I

II

29.5

31.3

24.9

29.5

o

o

33.3
—2 0

II

III

IV

15.9

16.2

15.1

16.1

16.8

17.1

16.1

16.3

17.9

15.0
.9

16.2
.0

15.1

16.1
.0

16.1
7

17.1

16.1

16.3

o

o

o

17.2
7

15.1

16.1

16.8

17.1

16.1

16.3
15.6

17.8

18.9

19.4

19.9

21.1

23.8

24.1

25.2

28.2

35.5

1.0
.3
.7

1.0
.2
.7

1.0
.3
.7

.9
.3
.7

.9
.3
.6

.7
.2
.5

1.1
.2
.9

.9
.2
.6

1.1
.5
.6

.9
.2
.7

1.3
.3
1.0

o

III

IV

II

III

IV

I

II

III

IV

17.7

17.4

20.4

22.3

24.9

24.9

17.7

17.4

20.4

22.3

24.9

o

o

o

Q

o

III

IV

36.5

35.0

39.4

1

36.5

35.0

39.4

o

o

o

2
3

35.0

39.4

4

36.8

35.9

5

1.0
.3
.7

1.0
.3

6
7
8

11.5

14.5

13.6

15.1

15.9

16.2

10.9

14.0

14.2

13.9

13.6

14.9

15.3

14.7

14.5

16.7

17.2

.7
.2
.5

.9
.7

.7
.2
.4

.7
.2
.5

.8
.2
.5

.8
.3
.6

.8
.3
.5

.8
.3
.6

.8
.2
.6

.9
.3
.7

.9
.3
.6

.2

.2

.2

.2

.2

.2

.3

.3

.3

.4

.5

.6

.6

.6

.7

.8

.8

1.0

1.0

1.0

1.0

1.0

-.7

-1.4

.3

1.2

.3

-1.2

.3

1.1

-.9

-2.5

-.9

-1.5

-2.8

-3.7

-1.1

-.3

-1.0

-1.1

2.1

1.2

-1.4

-.2




17.9

17.7

17.4

20.4

22.3

24.9

24.9

29.5

31.3

36.5

1.1

1.2

9

-3.9

1.3

10

158

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 4.3—Relation of Foreign Transactions in the National Income and Product Accounts
[Millions of
Line
1
2
3
4
5
6
7
8

1947

1948

1949

1950

1951

1952

1953

1954

14,792
19

Exports of goods and services, BPA's
Plus: Expenditures in U.S. by foreign residents working in U.S., excluding
employees of foreign governments.*
Other items
Statistical differences3
Equals: Exports of goods and services, NIPA's

19,819
18

16,861
21

15,834
25

13,893
21

18,864
68

18,122
82

17,078
67

17,889
112

Allocations of special drawing rights, BPA's
Plus: Other items
Equals: Capital grants received by U.S. (net), N I P A ' s

9
10
11
12
13
14
15
16

o

o

o

1956

1957

19,948 23,772 26,653
88
71
97
0
0
0
0
0
0
20,045 23,860 26,724

o

22
23
24
25
26

o

o

o

15,859

o

o

16.882

13,914

18,932

o

0
18,204

0
17,145

0
18,001

0

0
0
0

0

0

0

o
0

o
0

0
0
0

0

o
0

o
0

0
0
0

0
0
0

0
0
0

0
0
0

6,985
0

8,202
23

10,343

9,616
24

12,001

15,047

15,930

17,795

19,627

26

15,766
26

16,546

25

27

28

29

29

20,752
30

19

18

21

68

250
0
15

o

o
16

7,239

8,227

2,910

2,606

6

Unilateral transfers (excluding military grants of goods and services), net,
BPA's,
Plus: Otheritems
Statistical differences3
Equals: Transfer payments to foreigners (net), N I P A ' s Payments of income on U.S. Government liabilities, BPA's
Equals: Interest paid by government to foreigners, NIPA's

o

19,837

o

Imports of goods and services, BPA's
.. _
Plus: Expenditures abroad by U.S. residents working abroad, excluding
U.S. Government employees.s
Expenditures in U.S. by foreign residents working in U.S., excluding
employees of foreign governments^
Other items
»
S tatistical differences 3
Less: Payments of income on U.S. Government liabilities, BPA's
Equals: Imports of goods and services, N I P A ' s

20
21

o

14,811

0
0
0

17
18
19

Balance on current account, BPA's (1-9-16). . . .
Plus: Capital grants received by U.S. (net), NIPA's (8)
Other items (3-12-17)
Statistical differences (4-13-18) - . .
Less: Expenditures abroad by U.S. residents working abroad, excluding
U.S. Government employees (10).
Equals: Net foreign investment, NIPA's (5+8-15-19-21)

27

1955

1946

o

o
o
0

24
21

25

o

71

67

112

97

88

0
0
86
16,554

0
0
59
16,011

0
0
94
17,827

0
154
19,590

0
0
201
20,652

17
10,371

o
25

9,640

o
0
31
12,016

47
15,094

0
0
64
15,810

4,506

5,612

4,001

3,492

2,492

2,444

2,244

2,453

2,360

2,268

0

0
0
5,612

0
0
4,001

0
0
3,492

0
0
2,492

0
0
2,444

0
0
2,244

0
0
2,453

0
0
2,360

0
0
2,268

47
47
325
0
0
0
26

64
86
86
64
-136 -1,912
0
0
0
0
0
0
27
26

59
59
-285
0
0
0
28

94
94
-300
0
0
0
29

154
154
1,785
0
0
0
29

201
201
3,633
0
0
0
30

299

-162 -1,939

-313

-329

1,756

3,603

o
o

0
o
2,910

0
2,606

4,506

15
15
4,897
0
-250

16
16
9,011
0

17
17
2,012
' 0

o

o
0

o
0

23

o
o

24

o
o

25
31
25
31
606 -2,109
0
' 0
0
o
0
0
25
24

4,647

.

82

8,988

1,988

582 -2,134

acquired by the U.S. Government. Their transfer to abroad is not reflected in the national
income and product accounts.
3. Consists of statistical revisions in the estimates of the balance of payments accounts
that have not yet been incorporated in the national income and product accounts.
4. Consists of a U.S. Government payment to India under the Agricultural Trade Development and Assistance Act. In the national income and product accounts, this payment is
included in capital grants received by the United States (net); in the balance of payments
accounts, it is included in unilateral transfers (excluding military grants of goods and services),
net.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Beginning with 1960, included in line 1.
2. Consists of arms shipments to Israel that the administration determined would be
financed under the Emergency Security Act of 1973; this determination released Israel from
contractual liability to pay for these arms. In the national income and product accounts,
these arms shipments are classified as military grants. Goods and services transferred as
military grants are included in the defense purchases component of GNP when they are

5. Saving and Investment
Table 5.1.—Gross Saving and Investment: Annually, 1946-74, and
[Millions of

1
2
3
4
5
6
7

Gross saving
Gross private saving
Personal saving
_
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments.
Undistributed profits
- .
. .
Inventory valuation adjustment
Capital consumption adjustment

1952

1947

1948

1949

1950

1951

34,634

41,171

49,017

34,820

49,651

55,482

29,220
13,448
1,965

26,772
4,936
4,621

40,569
10,595
9,665

38,183
6,740
9,517

41,648
10,838
6,933

49,416
14,796
7,017

9,912
-5,263
-2,684

13,884
-5,899
-3,364

15,734
-2,152
-3,917

11,500
1,856
-3,839

15,872
-4,965
-3,974

12,804
-1,199
-4,588

1946

Line

1953

1954

1955

1956

1957

49,288

48,063

49,385

65,592

73,571

72,615

53,070
16,017
7,488

54,996
16,977
6,390

56,531
15,557
7,853

62,449
14,900
12,247

68,379
19,662
9,846

71,692
20,563
9,128

10,964
981
-4,457

11,454
-997
-4,067

11,367
-318
-3,196

16,082
- 1 , 736
-2,099

15,545
-2,693
-3,006

14,003
-1,539
-3,336

8

Corporate capital consumption allowances with capital consumption ad-

7,375

9,209

10,929

11,811

12,801

14,868

15,965

17,264

18,180

19,537

21,943

24,189

9

Noncorporate capital consumption allowances with capital consumption
adjustment.
Wage accruals less disbursements

6,462

7,991

9,345

10,161

11,052

12,705

13,654

14,365

14,941

15,765

16,928

17,812

-30

15

35

-46

24

30

-54

0

0

0

0

0

Government surplus or deficit (—), national income and product accounts.
Federal
State and local

5,414

14,399

8,448

-3,363

8,003

6,066

-3,782

-6,933

-7,146

3,143

5,192

923

3,523
1,891

13,384
1,015

8,316
132

-2,638
-725

9,208
-1,205

6,508
-442

-3,735
-47

-7,076
143

-6,034
-1,112

4,417
- 1 , 274

6,067
-875

2,282
-1,359

Capital grants received by the United
States (net).

0

0

0

0

0

0

0

0

0

0

0

0

10
11
12
13
14
15
16
17
18

Gross investment _
Gross private domestic investment
Net foreign investment
Statistical discrepancy

35,298

42,940

47,843

35,859

51,681

59,479

51,947

51,410

52,402

68,048

72,778

72,791

30,651
4,647

33,952
8,988

45,855
1,988

35,277
582

53,815
-2,134

59,180
299

52,109
-162

53,349
-1,939

52,715
-313

68,377
-329

71,022
1,756

69,188
3,603

664

1,769

-1,174

1,039

2,030

3,997

2,659

3,347

3,017

2,456

-793

176

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

159

(NIPA's) to the Corresponding Items in the Balance of Payments Accounts (BPA's): Annually, 1946-74
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

23,217
69
0
0
23,286

23,652
73

27,595

28,882

30,606

32,708

37,393

39,548

42,774

45,561

49,933

54,699

62,483

65,614

72,664

102,154

144,773

1
2

0
0
23,725

0
0
27,595

0
0
28,882

0
30,607

0
1
32,709

0
0
37,393

0
0
39,548

0
0
45,561

0
0
49,933

0
0
54,699

0
-15
62,468

0
-19
65,595

0
-8
72,656

2-596
-39
101,519

2-292
-257
144,224

3
4
5

ooo

ooo

ooo

0
0
0

OOO

ooo

ooo

ooo

dollars]

0
0
0

867
0
867

717
0
717

710
0
710

0
0
0 * -2,010
0
-2,010

6
7
8

23,353

25,564

26,811

28,895

32,443

38,260

41,220

48,355

53,722

59,545

65,870

78,618

ooo

ooo

0
-1
42,773

0
0
0

20,861
31

23,342
32

23,555

69

73

0
0
139
20,822

0
0
281
23,166

0
0
332
23,223

0
1
278
23,076

0
4
339
25,229

0
4
401
26,414

0
3
453
28,445

0
3
489
31,957

0
2
549
37,713

0
2
598
40,624

0
0
702
47,653

0
1
777
52,946

0
1
1,024
58,522

0
7
1,844
64,033

0
15
2,684
75,949

0
-262
3,836
94,151

2,221

2,285

2,308

2,524

2,638

2,754

2,781

2,854

2,932

3,125

2,951

2,994

3,294

3,701

3,848

3,883

0
0
2,221

0
0
2,285

0
-8
2.300

0
-10
2,514

0
-10
2,628

0
-12
2,742

0
-12
2,769

0
-13
2,841

0
-15
2,917

0
-18
3,107

0
-18
2,933

0
-18
2,976

0
-46
3,248

0
-59
3,642

0
-69
3,779

0
-42
3,841

139
139
135
0
0
0
31

281
281
-1,975
0
0
0
32

332
332

278
278

339
339

, 401
401

453
453

0
7

3,143
0
0
9

5,718
0
0
9

702
702
-1,374
0
0
18

-2,017
0
0
17

1,024
1,024
-356
867
0
30

1,844
1,844
-3,957
717
0
33

3,836
3,836

2.404

598
598
1,215
0
0
16

2,684
2,684

3,005
0
0
9

549
549
1,582
0
0
12

777
777

1,732
0
0
8

489
489
4,251
0
0
10

-9,802
710
0
46

104

-2,007

1,740

3,014

2,411

3.152

5,726

4,261

1,594

1,232

-1,355

-2,000

541

-3,207

-9,046

98,249

141,187

Line

9
10

11
0
-447
4,262
136,478

12
13
14
15

7,184

16

-2,947
-2
4,235

17
18
19
20
21

22
0
-596
265

4,262
4,262
-3,598
-2,010
2,655
192

-309

-2,761

7

22
23
24
25
26

27

gency Security Act of 1973 referred to in footnote 2. In the balance of payments accounts, the
differences between the financing through U.S. Government unilateral transfers provided to
Israel and the shipments of arms in any year are recorded as capital flows. In 1973, shipments
of $596 million resulted in corresponding Israeli liabilities to the United States (U.S. capital
outflows); in 1974, U.S. Government unilateral transfers of $937 million to Israel were used to
reduce the $596 million Israeli liability to the United States and to pay for the 1974 shipments
of $292 million; the remaining $49 million was recorded as an increase in U.S. liabilities to Israel
(U.S. capital inflows).

5. Beginning with I960, included in line 9.
6. Consists of shipments to the United States from Alaska and Hawaii. These are added
to imports to adjust the geographic coverage of imports to the 48-state coverage used in the
national income and product accounts prior to 1960. From 1947 through 1959 such shipments
are negligible. Beginning with 1960, the adjustment is not required because Alaska and Hawaii
gained statehood in late 1959.
7. Consists of $2,010 million paid to India under the Agricultural Trade Development and
Assistance Act and $937 million financing provided to Israel in accordance with the Emer-

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1959

1958

1960

1962

1961

1964

1963

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

60,355

75,765

78,867

75,752

83,594

89,619

100,093

115,385

122,888

120,325

130,803

147,469

143,431

155,435

177,548

219,794

210,081

1

72,980
21,687
7,214

77,346
18,810
12,427

75,772
17,066
10,994

80,006
20,171
10,773

87,378
20,395
16,480

88,902
18,794
17,871

102,364
26,132
21,679

114,859
30,276
27,100

124,175
33,000
29,441

134,562
40,869
26,678

136,296
38,071
24,442

136,801
35,109
19,202

151,931
50,574
10,530

172,994
57,336
16,506

180,354
49,370
25,949

213,809
72,673
24,116

215,653
74,033
7,587

2
3
4

10,836
-255
-3,367

15,796
-453
-2,916

12,954
327
-2,287

12,458
90
-1,775

15,189
138
1,153

15,971
-153
2,053

19,399
-543
2,823

25,213
-1,865
3,752

27,647
-2,098
3,892

24,747
-1,744
3,675

24,217
-3,447
3,672

21,179
-5,526
3,549

14,124
-5,067
1,473

21,282
-5,029
253

30,024
-6,597
2,522

40,949
-18,441
1,608

48,427
-38,533
-2,307

5
6
7

25,420

26,535

27,538

28,390

29,290

30,388

31,743

33,659

36,714

40,445

44,416

49,446

55,140

60,634

65,362

71,852

82,051

8

18,659

19,574

20,174

20,672

21,213

21,849

22,810

23,824

25,020

26,570

29,367

33,044

35,687

38,145

40,002

45,212

51,982

9

0

0

0

0

0

0

0

0

0

0

0

0

0

373

-329

-44

0

10

-12,625

-1,581

3,095

-4,254

-3,784

717

-2,271

526

-1,287

-14,237

-5,493

10,668

-9,367

-18,276

-3,516

5,985

-3,562

11

-10,271
-2,354

-1,138
-443

3,035
60

-3,886
-368

-4,247
463

256
461

-3,269
998

530
-4

-1,789
502

-13,180
-1,057

-5,824
331

8,541
2,127

-12,136
2,769

-21,959
3,683

-17,263
13,747

-6,913
12,898

-11,679
8,117

12
13

0

0

0

0

0

0

0

0

0

0

0

0

867

717

710

0

-2,010

14

62,020

75,545

78,184

77,349

87,599

93,356

102,330

116,276

126,071

122,061

130,171

144,200

141,355

156,762

179,229

220,163

209,457

15

61,916
104

77,552
-2,007

76,444
1,740

74,335
3,014

85,188
2,411

90,204
3,152

96,604
5,726

112,015
4,261

124,477
1,594

120,829
1,232

131,526
-1,355

146,200
-2,000

140,814
541

159,969
-3,207

188,275
-9,046

220,472
-309

212,218
-2,761

16
17

1,665

-220

-683

1,597

4,005

3,737

2,237

891

3,183

1,735

-631

-3,269

-2,076

1,326

1,681

369

-624

18




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

160

Table 5.1.—Gross Saving and Investment: Annually, 1946-74, and
[Billions of
1946

1947

1948

1949

Line
•

I

5
6
7
8
9
10
11
12
13
14
15

IV

I

II

III

IV

I

II

III

IV

I

II

37.8

39.4

41.8

39.3

39.3

44.2

48.3

50.8

49.0

48.2

41.4

33.5

34.6

30.2

30.3
15.0
2.8

26.9
11.6
1.3

27.7
10.8
1.9

25.8
8.1
1.9

24.3
2.2
5.5

28.6
5.7
5.2

28.2
3.9
5.6

34.2
6.3
8.5

40.0
10.0
10.0

43.2
13.7
9.1

44.8
12.7
10.8

40.9
8.7
10.6

37.4
63
9,7

39.4
66
10.7

35.4
55
7.2

5.3
-1.2
-2.4

8.1
-2.8
-2.5

12.1
-8.1
-2.8

13.9
-8.9
-3.1

14.7
-9.7
-3.1

13.2
-4.7
-3.0

12.8
-4.0
-3.5

14.6
-5.2
-3.7

15.1
-2.9
-3.8

16.7
-2.9
-3.9

15.9
-2.8
-4.0

14.9
-.1
-4.0

13.0
1.4
-3.8

10 7
2.8
-3.8

11 5
3.0
-3.8

1ft Q

.2
-3.9

Corporate capital consumption allowances with capital consumption
adjustment.
Noncorporate capital consumption allowances with capital consumption
adjustment.
Wage accruals less disbursements

6.9

7.1

7.5

8.0

8.4

8.9

9.5

10.0

10.4

10.7

11.1

11.5

11.6

11.9

12.2

6.1

6.2

6.5

7.0

7.3

7.7

8.2

8.7

8.9

9.2

9.5

9.9

10.0

10.2

10.5

.7

-.8

.0

.0

.0

.0

.0

.0

.1

.1

-.2

.1

.1

-.3

.0

.0

Government surplus or deficit (—), national income and product accounts.
Federal
State and local
.

-5.6

4.8

10.9

11.7

16.1

14.9

10.7

16.0

14.1

10.7

5.8

3.4

.5

-3.9

-4.9

-5.2

-7.7
2.2

2.7
2.1

9.0
1.8

10.2
1.6

14.8
1.3

13.6
1.3

10.0
.8

15.2
.8

13.6
.4

10.5
.2

5.8
.0

3.3
.1

.6
-.1

—3.1
-.8

—4.1
—.8

—4 1
—1.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

Undistributed corporate profits with
inventory valuation and capital
consumption adjustments.
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

Capital grants received by the United
States (net).

38.8

38.2

41.9

41.2

41.5

47.1

47.8

48.7

48.4

46.5

41.1

34.1

36.1

32.1

34.0
4.3

32.7
9.1

31.6
9.6

31.8
9.8

39.7
7.4

43.3
4.5

46.1
2.6

47.9
.5

46.1
.4

32.7
1.4

35.7
.4

33.4
-1.3

to

-1.1

.0

ts

2.3

2.9

-.5

-2.1

-.6

-1.7

39.3
1.8
-.2

.5

1.6

1.9

18

Statistical discrepancy

2.0

1.0

1957

1956
Line

8
9
10
11
12
13
14
15

.0

32.6
6.2

24.5
3.5

5
6
7

9.8

36.1

Gross private domestic investment
Net foreign investment

1958
I

1959

I

II

III

IV

I

II

71.3

72.5

74.1

75.9

74.5

74.0

74.3

67.2

58.7

54.8

59.5

65.7
17.6
10.7

67.5
19.4
9.9

69.6
20.2
10.0

70.4
21.4
8.6

70.6
20.0
9.6

72.6
21.5
9.4

72.8
21.3
9.2

70.6
19.9
7.7

68.7
20.5
4.8

69.1
19.9
5.5

74.5
22.6
7.6

15.8
-2.9
-2.2

16.2
-3.6
-2.7

14.5
-1.2
-3.4

15.5
-3.0
-3.8

15.7
-2.4
-3.6

14.3
-1.5
-3.4

13.7
-1.3
-3.3

11.7
-.9
-3.1

8.2
-.2
-3.2

8.6
.3
-3.5

Corporate capital consumption allowances with capital consumption
adjustment.
Noncorporate capital consumption allowances with capital consumption
adjustment.
Wage accruals less disbursements

20.9

21.5

22.3

23.0

23.5

23.9

24.5

24.9

25.0

16.5

16.8

17.1

17.4

17.5

17.7

17.9

18.2

18.3

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

Government surplus or deficit ( - ) , national income and product accounts.
Federal
__
.
State and local

5.6

4.9

4.5

5.5

3.9

1.5

1.4

-3.4

-10.0

-14.3

-15.0

6.6
-1.0

5.8
-.9

5.2
-.7

6.3
-.9

4.6
-.7

2.8
-1.3

2.8
-1.4

-1.3
-2.0

-7.5
-2.5

-11.9
-2.4

-12.1
-2.9

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

70.9

71.7

73.4

75.1

74.2

73.4

75.6

68.0

58.4

71.3
2.1

71.6
3.5

69.8
4.4

69.8
3.7

71.8
3.8

65.4
2.6

57.8
.6

-.8

-.8

-.3

-.6

1.3

.7

-.3

Gross saving

11.5

28.1

Gross investment

16
17

2
3
4

IV

35.1

-

31.5
4.6

1

III

26.1

- -

Gross orivate saving

4

III

31.7
16.3
1.7

Gross saving

1
2

II

.

Gross private saving
^Personal saving. 7
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments.
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

Capital grants received by the United
States (net).
Gross investment

16
17

Gross private domestic investment
Net foreign investment -

70.8
.1

70.4
1.4

18

Statistical discrenancv

-.3

-.8




IV

III

I

II

67.7

72.9

81.4

73.0

75.8

79.4
23.8
10.7

77.5
19.9
12.2

81.4
21.1
14.4

74.1
16.2
11.5

76.5
18.0
11.6

11.3
-.2
-3.4

15.0
-.9
-3.4

16.4
-.9
-3.2

18.4
-1.2
-2.8

14.7
-.2
-3.0

13.8
.5
-2.7

25.2

25.5

25.9

26.1

26.3

26.7

27.0

18.5

18.8

19.0

19.3

19.5

19.7

19.9

.0

.0

.0

.0

.0

-11.7

-4.6

.0

-1.1

-.6

-10.0
-1.7

-2.9
-1.7

1.6
-1.6

-1.8
.7

-1.5
.9

.0

.0

.0

.0

.0

.0

56.6

63.0

69.7

72.1

80.4

72.3

77.5

56.5
.1

62.5
.4

70.4

74.2
-2.1

83.2
-2.8

73.6
-1.4

79.2
-1.8

1.8

3.5

2.0

-.8

-1.0

-.7

1.6

III

II

IV

III

IV

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

161

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1953

1952

1951

1950

1954

1955
Line

II

I

II

III

IV

I

38.4

47.0

51.2

61.9

56.0

59.4

54.8

52.0

53.3

46.3

47.1

50.7

49.5

44.5
15.4
6.1

41.0
10.8
6.9

35.4
4.3
7.0

45.5
12.5
7.7

37.7
8.0
3.4

51.6
17.6
7.1

54.5
16.9
9.4

54.0
16.3
8.7

53.4
15.6
8.7

50.7
14.4
7.0

54.2
18.3
6.5

54.1
15.4
8.3

54.5
15.3
8.4

10.5
-.7
-3.7

14.1
-3.3
-3.9

18.3
-7.3
-4.0

20.6
-8.5
-4.4

16.6
-8.7
-4.5

12.6
-1.0
-4.5

10.7
3.5
-4.7

11.9
1.5
-4.7

11.9
1.3
-4.6

10.2
1.2
-4.4

10.2
.7
-4.4

12.0
.8
-4.4

13.3
-.4
-4.4

12.3

12.5

12.9

13.5

14.1

14.6

15.2

15.6

15.6

15.8

16.0

16.4

10.6

10.8

11.2

11.6

12.1

12.5

13.0

13.3

13.4

13.5

13.7

14.0

.0

.0

.0

.1

.2

-.2

.1

.1

.1

.1

-.4

.0

.0

.0

-.1

-4.4

-7.1

-3.3

-5.0

-5.2

.2
-.3

-3.7
-.6

-7.5
.4

-3.7
.4

-4.5
-.4

-6.2
1.0

- 5 . 8 -11.8 -10.6
.2
-.1
-.6

I

III

II

IV

-6.0

6.1

15.8

16.4

18.3

7.8

.3

-2.0

-4.7
-1.4

7.8
-1.7

16.6
-.8

17.3
-.9

18.3
.0

8.4
-.6

1.0
-.8

-1.7
-.3

I

III

IV

III

IV

50.5

49.8

42.5

45.1

55.7
17.6
6.8

55.4
17.3
6.2

54.4
18.0
4.0

56.3
17.5
6.2

12.6
-1.6
-4.2

12.2
-2.0
-4.0

7.7
.0
-3.7

9.8
.0
-3.6

16.7

17.1

17.5

17.8

14.1

14.3

14.5
.0

I

II

II

III

IV

I

47.3

49.3

55.9

55.0
14.5
7.7

55.9
14.7
8.0

59.2
15.5
9.8

11.0
.0
-3.3

11.8
-.7
-3.1

13.2
-.5
-2.8

15.8
-1.1
-2.3

17.8

18.0

18.3

18.6

18.7

19.0

20.1

20.3

8

14.6

14.7

14.8

15.0

15.2

15.3

15.5

16.0

16.2

9

.0

.0

.0

.0

.0

.0

.0

.0

.0

10

- 5 . 6 -11.9 -11.2

-7.7

-6.6

-3.2

.2

3.4

3.8

5.6

11

-6.7
-1.0

-5.1
-1.4

-1.9
-1.3

1.8
-1.6

4.9
-1.6

4.8
-.9

6.5
-.9

12
13

.0

II

III

IV

59.8

65.2

67.7

70.3

1

59.6
13.1
12.4

61.8
14.1
13.2

63.9
15.8
11.9

64.7
16.1
12.2

2
3
4

16.1 16.1 17.0
- . 9 -2.2 -2.8
-2.0 -2.0 -2.1

5
6
7

.0

14

42.4

49.0

52.5

62.8

58.6

63.7

60.3

55.4

56.9

47.9

49.2

53.8

52.8

53.7

52.4

46.8

48.6

50.3

52.6

58.2

63.4

67.0

70.1

71.7

15

43.6
-1.2

50.5
-1.5

55.4
-3.0

65.6
-2.9

60.7
-2.2

63.9
-.2

58.7
1.6

53.4
2.0

54.1
2.8

47.5
.4

51.1
-1.8

55.7
-2.0

54.8
-2.1

56.1
-2.5

54.2
-1.8

48.2
-1.5

49.5
-1.0

50.4

53.1
-.6

57.8
.4

63.5
-.1

67.9
-.9

70.1
.1

72.0
-.3

16
17

4.0

2.0

1.3

.9

2.6

4.3

5.5

3.4

3.6

1.6

2.1

3.0

3.3

3.2

2.6

4.3

3.5

3.0

3.2

2.3

3.6

1.9

2.4

1.4

18

1962

1961

1960

III

IV

73.5

78.1

81.1

78.6
19.0
10.9

82.0
21.7
10.9

84.0
21.8
12.4

10.5
.3
-1.9

11.7
.8
-1.6

13.0
—.3
-1.8

14.6
—.4
-1.8

IV

I

II

III

86.7

79.4

77.4

78.8
18.8
12.8

75.1
16.5
11.1

76.0
17.3
10.7

13.3
15.6
.1
— 4
-2.4 -2.3

12.0
.9
-2.2

I

II

72.0

70.3

73.2
15.6
9.3

75.4
18.2
8.9

11.0
.6
-2.3

I

1963

II

III

82.7

84.1

84.3

88.2
22.1
16.1

87.7
21.6
15.9

87.0
20.4
15.9

15.1
.1
.9

14.6
.3
1.1

15.2
—.6
1.2

I

II

83.3

85.2

86.7
17.5
18.0

86.9
18.4
17.1

15.9
.8
1.3

IV

1964

1965

Line

II

III

IV

I

95.3

96.9

101.7

106.5

114.1

116.1 116.2 115.1

1

97.4
22.0
21.9

103.0
27.0
22.0

102.8
25.7
22.3

106.3
29.9
20.6

108.6
26.1
26.3

111.8 120.1 119.0
28.3 34.6 32.1
26.7 27.6 27.9

2
3
4

16.9
—.8
2.4

19.7
—.6
2.8

19.2
.0
2.8

19.8
—.5
3.0

19.0
—1.2
2.8

24.1
25.0 25.0 26.7
—1 3 —2.2 —1.5 —2.5
4.1
3.4
3.6
3.9

5
6
7

III

IV

90.4

90.2

92.7

87.9
18.5
17.5

88.4
17.6
18.3

92.4
20.7
18.5

14.6
1.0
1.5

15.9
—.5
2.2

16.5
-.3
2.1

I

II

III

IV

27.2

27.4

27.7

27.9

28.0

28.2

28.5

28.8

28.9

29.1

29.4

29.7

29.9

30.2

30.5

31.0

31.1

31.4

31.9

32.5

32.8

33.2

33.9

34.8

8

20.0

20.1

20.2

20.4

20.4

20.6

20.8

20.9

21.0

21.1

21.3

21.5

21.6

21.7

21.9

22.2

22.4

22.6

22.9

23.3

23.5

23.6

23.9

24.3

9

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

10

7.9

4.3

1.4

-1.3

-5.1

-5.2

-3.9

-2.9

-5.5

-3.6

-2.7

-3.4

-1.7

2.5

1.8

.3

-2.1

-6.1

-1.1

.2

5.5

4.3 - 3 . 8 - 3 . 9

11

7.7
.2

4.2
.2

1.4
.0

-1.1
—.1

-4.3
—.8

-5.1
—.1

-3.9
.1

-2.2
—.7

-5.6
.1

-4.1
.5

-3.2
.6

-4.1
.7

-1.9
.2

1.9
.5

1.2
.6

-.2
.5

-3.0
.9

-6.7
.6

-2.4
1.3

-1.0
1.2

4.6
.9

3.9 - 3 . 0 - 3 . 4
.4 - . 8 - . 6

12
13

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

o

.0

o

.0

87.1

78.7

75.8

71.1

70.8

75.5

80.3

82.8

86.3

89.4

89.2

85.4

88.1

92.4

95.1

97.8

100.5

101.4

103.2

104.2

86.8
.3

77.7
1.0

73.5
2.2

67.7
3.4

66.8
4.0

72.7
2.8

77.7
2.6

80.1
2.6

84.6
1.7

86.2
3.3

86.4
2.8

83.6
1.9

86.0
2.1

88.9
3.5

92.3
2.8

93.6
4.2

94.0
6.5

96.4
5.0

97.4
5.8

98.6
5.6

.4

-.7

-1.6

-.8

.5

2.0

2.2

1.6

3.6

5.3

4.9

2.1

2.9

2.0

4.9

5.1

5.3

4.5

1.5

-2.3

-1.2




.0

14

112.9

115.3 119.0 117.9

15

109.2
3.8

110.1 114.3 114.5
5.2
3.4
4.8

16
17

.0

-.8

.0

2.8

2.8

18

162

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 5.1.—Gross Saving and Investment: Annually, 1946-74, and
[Billions of
1966

Line
I
1

Gross saving.

._

....

II

1967
III

I

IV

II

1968
IV

III

I

III

II

IV

120.4

124.6

121.9

124 7

117.9

114.8

120.6

128.0

124.8

130.6

132 0

135 9

Gross private saving
Personal saving. _ .
....
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments.
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

119.2
30.4
29.0

122.4
31.9
29.7

124.0
33.0
28.7

131.1
36.7
30.4

132.2
40.4
27.0

130.5
38.7
25.9

134.9
41.1
26.0

140.7
43.3
27.8

134.7
40.9
22.9

142.2
43.8
26.0

133.3
33.4
25.2

135.1
34.1
23.6

27.5
-2.5
4.0

28.0
-2.4
4.1

27.8
-2.9
3.8

27.3
-.6
3.7

23.8
-.5
3.7

23.4
-1.2
3.8

24.3
-2.0
3.8

27.6
-3.2
3.4

24.2
-5.1
3.8

24.9
-2.9
4.1

23.7
-2.0
3.6

24.1
-3.7
3.2

8

Corporate capital consumption allowances with capital consumption ad-

35.4

36.1

37.1

38.3

38.9

39.7

40.9

42.2

42.8

43.6

44.9

46.4

9

Noncorporate capital consumption allowances with capital consumption
adjustment.
Wage accruals less disbursements

24.5

24.8

25.2

25.7

25.8

26.1

26.8

27.6

28.1

28.7

29.8

30.9

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

0.

.0

Government surplus or deficit (—), national income and product accounts.
Federal
State and local

1.2

2.2

-2.1

-6.4

-14.3

-15.7

-14.3

-12.7

-9.9

-11.6

-1.4

.9

.6
.5

-3.2
1.1

-5.9
- 5

-12.8
—1.4

-13.2
—2.5

-13.6
—.6

-13.0
.3

-9.7
—.2

-12.0
.4

-2.3
.9

.7
.2

Capital grants received by the United
States (net).

.0

1.3
.9
.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

2
3
4
5
6
7

10
11
12
13
14
15

Gross investment. ._

124.1

128.6

124.4

127.1

120.3

116.7

123.1

128.1

123.5

131.6

131.6

133.9

16
17
18

Gross private domestic investment
Net foreign investment. _

121.8
2.3

126.7
1.9

125.7
1.4

118.6
1.8

115.5
1.2

121.7
1.3

127.5
.6

125.1
-1.6

131.9
-.3

4.0

2.4

2.4

2.0

2.5

.1

-1.2

1.1

132.3
—.7
-.4

136.8
-2.9

3.7

123.7
.7
2.6

Statistical discrepancy

-2.0

Table 5.2.—Gross Private Domestic Investment, Capital Consumption Allowances with Capital
[Millions of
Line

1946

1947

1948

Gross private domestic investment..

30,651

33,952

45,855

Less: Capital consumption allowances with capital consumption adjustment.

13,837

17,200

20,274

16,814

16,752

25,581

24,272

34,414
17,200
17,214

Equals: Net private domestic investment
Fixed investment
Less: Capital consumption allowances with capital consumption adjustment.
Equals: Net fixed investment
7
8

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

Nonresidential
Less: Capital consumption allowances with capital consumption adjustment.
Equals: Net nonresidential
Structures
Less: Capital consumption allowances with capital consumption
adjustment.
Equals: Net structures
Producers'durable equipment
Less: Capital consumption allowances with capital consumption
adjustment.
Equals: Net producers' durable equipment
Residential
Less: Capital consumption allowances with capital consumption adjustment.
Equals: Net residential
Nonfarm structures...
Less: Capital consumption allowances with capital consumption adjustment.
Equals: Net nonfarm structures
Farm structures..
Less: Capital consumption allowances with capital consumption
adjustment.
Equals: Net farm structures.
Producers' durable equipment
Less: Capital consumption allowances with capital consumption
adjustment.
Equals: Net producers' durable equipment
Change in business inventories

13,837




20,274

22,889
12,448

8,660
13,166
8,034

4,912
21,531
16,279

5,132
20,812
17,284

7,967
8,551
6,040

31,140
20,827
10,313
11,266
7,050

2,511
15,732
10,276

3,124
17,799
11,603

4,216
19,874

9,604
13,766
4,773

8,413
12,933
5,062

13,853
18,729
5,397

7,871
837
423
414
299
171

-462

10,164
12,770
7,858

21,311

27,137
17,817
9,320
9,338
6,214

19,889
6,036

6,379

33,978
25,318

23,173

24,283
16,316

14,069
5,656

176

34,301
24,137

47,026
23,853

14,969
5,365

177

54,258
33,121
21,137

38,352
21,972
16,380

48,884
27,573

11,525
4,752
6,773
10,527
4,230

79

48,976

31,607

7,504
3,846

299
301
124

19,594

52,902
31,629
21,273

29,962

6,196

198
177

21,720

13,305

5,456

873
438
435
330
154

22,490

27,573

8,343

6,297
697

33,121

59,180

23,853

8,102

3,381
519
321

52,715

31,629

53,815

21,972

4,258

3,658
6,808
3,427

53,349

29,619

35,277

2,339
15,316
7,214

10,441
7,573
5,234

52,109

1952

26,178
14,909
11,269
8,898
5,972
2,926
17,280
8,937

16,768
9.991
6,777
6,823
4,304
2,519
9,945
5,687

1954

1951

20,873

10,435

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

41,147

1958

1950

4,708 -3,075

19,357
31,202
22,426
8,776
11,508
7,477
4,031
19,694
14,949

1956

1957

68,377

71,022

69,188

35,302

38,871

42,001

33,075

32,151

27,187

62,424

66,327
38,871
27,456

67,853
42,001
25,852

43,720
30,052

46,674
32,804

13,668
17,377
9,431

13,870
18,113
10,236

7,946
26,343
20,621

7,877
28,561
22,568

35,302
27,122
38,317
26,931
11,386
14,429
8,473
5,956
23,888
18,458

4,745

5,252

3,528

5,430

5,722

5,993

17,744
6,746
10,998
16,557
5,989

17,774

18,601
7,492

20,280

24,107
8,371

21,179

10,581
16,639
6,428

11,109

12,477
19,178
6,949

15,736
23,041
7,443

22,607
8,819
13,788
21,449
7,929

13,332
785
447

10,568
816
524

10,211
767
505

10,755
765
511

12,229
711
546

15,598
634
602

13,520
700
551

11,801
681
593

375

292
371
233

254
386

32
432

149
458

455

260

165
391
308

138

108

106

119

10,296

3,133

5,953

4,695

192
128

13,777

29,619

1955

183
6,789

6,097

m50

286
100
447

-1,543

9,197
11,982
20,043
8,242

362
93
1,335

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

163

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1972

1971

1970

1969

1974 *

1973*

Line

I

I
I

II
I

IV

I

I
I

II
I

IV

I

II

II
I

IV

I

I
I

II
I

IV

I

II

II
I

IV

I

143.3

147.3

152.4

147.0

143.3

144.3

146.0

140.2

151.7

154.5

154.9

160.7

169.3

172.8

178.8

189.3

204.0

214.5

222.8

237.9

224.3

209.1 199.9 207.1

1

131.3
29.9
22.4

134.2
32.0
21.2

142.9
39.5
19.8

138.8
39.1
13.4

139.3
40.3
11.3

152.3
51.5
11.3

157.3
54.4
11.1

158.9
56.1
8.4

167.8
58.2
13.5

174.3
60.2
16.4

173.3
56.7
16.7

176.5
54.2
19.4

175.3
51.0
23.7

175.7
43.7
25.7

178.7
47.3
26.3

191.7
55.4
28.1

199.0
60.4
27.7

208.7
70.0
23.5

215.1
73.8
23.0

232.4
86.5
22.3

228.3
81.2
20.2

208.8 198.8 226.7
66.8 64.6 83.6
10.8 -1.8
1.1

2
3
4

23.9
-5.2
3.8

22.5
-5.3
4.1

20.0
-3.8
3.6

18.4
-7.7
2.7

15.2
-5.9
2.0

14.1
-4.6
1.9

14.8
-5.1
1.4

12.4
-4.6
.6

17.2
-4.3
.6

20.1
-4.3
.7

22.4
-5.9
.3

25.4
-5.6
-.5

26.9
-5.1
1.9

28.1
-5.2
2.7

30.2
-6.5
2.7

34.9 41.0 41.9 39.9
41.0 48.9
46.2 55.7 43.0
-9.6 -15.8 -20.6 -17.9 -19.5 -28.0 -33.7 -54.7 -37.7
2.7
2.2
2.5
1.0
.7
- . 7 -1.7 -2.7 -4.2

47.3

48.4

50.1

51.9

52.9

54.2

55.9

57.6

58.6

59.8

61.3

62.8

62.9

65.8

65.4

67.3

68.6

70.7

72.5

75.6

77.5

80.1

83.4

87.2

8

31.7

32.5

33.5

34.4

34.8

35.3

36.0

36.7

37.5

37.7

38.3

39.1

38.5

40.8

39.9

40.8

42.4

44.6

45.8

48.1

49.4

51.1

52.6

54.9

9

.0

.0

.0

.2

.3

1.0

-.9

-.2

-.2

.0

.0

—.1

.0

.0

.0

.0

.0

-8.9 -12.2 -19.6 -16.9 -20.5 -19.2 -16.5

-6.8

-3.6

-.6

-3.1

5.0

5.8

7.7

5.5

4.0

.3

-1.1 -12.8 -14.6 -20.1 -18.5 -23.8 -23.4 -22.2 -13.4 -20.0 -10.8 -24.9 -10.9
4.2
3.2
5.6
.5
1.6
15.9
3.9
2.4
6.6
16.3
10.3 21.8
4.3

-7.4
13.2

-4.8
12.4

-4.6
10.1

.0

.0

.0

.0

.0

.0

13.0

9.5

8.2

3.2

11.2
.7
.0

12.0
1.0

6.7
2.8
.0

4.2
4.0

.0

.0

12.0

.0

.0

.9

.9

.9

.9

.7

.7

.7

.7

.7

.7

.7

.7

.0

-5.3
9.4
.0 -8.0

II

IV

II
I

5
6
7

.0

10

1.0 -19.6

11

-7.9 -8.0 -25.5
8.2
9.1
5.9

12
13

.0

.0

.0

14

141.8

143.9

149.5

141.7

139.4

141.5

144.5

140.0

152.7

157.8

157.6

158.9

166.3

175.1

182.9

192.7

207.2

213.7

223.8

236.1

218.1

207.5 202.2 210.0

15

144.0
-2.2

147.2
-3.3

150.5
-1.0

143.2
-1.5

138.6
.9

140.3
1.1

143.3
1.1

141.0
-1.0

152.7
.0

160.8
-3.1

161.0
-3.3

615.4 176.7
-56. -10.4

184.9
-9.8

191.0
-8.1

200.5
-7.9

211.7
-4.5

217.1
-3.4

221.2
2.6

231.9
4.2

218.4
-.3

212.7 207.6 210.3
-5.2 -5.3 - . 2

16
17

-1.5

-3.4

-2.9

-5.3

-3.9

-2.8

-1.5

-.1

1.1

3.3

2.8

-2.9

2.3

4.0

3.4

3.2

-.9

1.0

-1.8

-6.2

-1.6

18

-1.8

2.4

2.9

Consumption Adjustment, and Net Private Domestic Investment by Major Type of Investment: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

61,916

77,552

76,444

74,335

85,188

90,204

96,604

112,015

124,477

120,829

131,526

146,200

140,814

159,969

188,275

220,472

212,218

1

44,079

46,109

47,712

49,062

50,503

52,237

54,553

57,483

61,734

67,015

73,783

82,490

90,827

98,779

105,364

117,064

134,033

2

17,837

31,443

28,732

25,273

34,685

37,967

42,051

54,532

62,743

53,814

57,743

63,710

49,987

61,190

82,911

103,408

78,185

3

63,407
44,079
19,328

72,325
46,109
26,216

72,685
47,712

72,143
49,062
23,081

78,683
50,503

90,806
54,553

110,157
61,734
48,423

110,730
67,015
43,715

137,039
90,827
46,212

153,615
98,779
54,836

202,952
117,064
85,888

202,471
134,033

4
5

50,038

136,828
82,490
54,338

178,833
105,364

36,253

102,496
57,483
45,013

123,821
73,783

28,180

84,241
52,237
32,004

68,438

6

41,619
34,273
7,346
16,743
10,515

45,297
35,597

47,096
37,669

53,596
40,021
13,575
19,578
12,470

59,655
41,745
17,910
21,462
12,921

71,252
44,194
27,058
26,109
13,663

81,417
47,996
33,421
29,237
14,798

98,949
63,962
34,987
35,663
19,750

100,461
71,187
29,274
37,661
22,138

104,060
77,947
26,113
39,338
24,357

33,260
42,543
26,514

136,477
91,455
45,022
48,964
29,731

147,916
104,227
43,689
54,406
33,112

7
8

29,397
29,494
16,072

89,272
57,589
31,683
31,592
17,432

116,827
83,567

9,427
18,356
11,633

51,248
38,719
12,529
19,424
12,008

82,083
52,686

9,700
17,047
10,918

47,703
36, 697
11,006
18,171
11,272

9
10
11

6,228
24,876
23,758

6,129
28,250
24,679

6,899
29,532
25,425

6,723
28,740
26,036

7,416
31,824
26,711

7,108
34,018
27,551

8,541
38,193
28,824

12,446
45,143
30,531

14,439
52,180
33,198

13,422
52,589
36,614

14,160
57,680
40,157

15,913
63,286
44,212

15,523
62,800
49,049

14,981
64,722
53,590

16,029
74,284
57,053

19,233
87,513
61,724

21,294
93,510
71,115

12
13
14

24,973

73,469

1,118

3,571

4,107

2,704

5,113

6,467

9,369

14,612

18,982

15,975

17,523

19,074

13,751

11,132

17,231

25,789

22,395

15

21,788
9,806

27,028
10,512

24,982
11,015

31,151
12,808

31,244
13,289

28,740
13,738

28,647
14,329

17,955
29,949
11, 977

15,002
27,375
12,394

14,318
27,239
12,885

28,723
47,896
18,986

62,006
21,797
40,209
60,281
19,802

16
17

18,343
29,851
11,561

36,578
19,640
16,938
35,131
17,937

54,555
29,806

18,429
29,398
11,032

37,879
18,528
19,351
36,274
16,868

66,475
25,609

13,967
23,869
9,938

34,549
16,194
18,355
33,089
14,661

49,555
20,832

16,516
25,784
9,501

27,435
11,784
15,651
26,250
10,645

30,645
12,216

11,982
20,662
8,847

25,047
11,393
13,654
23,823
10,289

40,866
64,659
23,321

24,749
52,219
27,128

18
19
20

11,815
650
582

16,283
674
612

13,931
584
662

13,534
703
680

15,605
645
704

18,366
655
738

18,290
672
783

17,972
608
828

14,981
673
838

14,354
697
904

18,428
628
948

19,406
745
1,026

17,194
565
1,018

28,910
652
1,106

40,479
664
1,203

41,338
608
1,433

25,091
992
1,694

21
22
23

68
476
377

62
570
399

-78
529
415

23
521
424

-59
540
435

-83
592
446

-111
628
464

-220
687
484

-165
692
506

-207
711
540

-320
832
585

-281
860
634

-453
882
685

-454
1,007
740

-539
1,061
792

-825
1,208
855

-702
1,344
984

24
25
26

105

146

164

203

186

171

247

226

197

267

269

353

360

27

9,519

14,320

9,372

3,775

6,354

9,442

17,520

9,747

28

99

171

114

97

-1,491

5,227

3,759

2,192




6,505

5,963

5,798

10,099

7,705

164

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Table 5.3.—Gross Private Domestic Investment, Capital Consumption Allowances with Capital Consumption
[Billions of
Line

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

Gross private domestic investment

71.0

70.1

82.3

65.6

93.7

94.1

83.2

83.4

104.1

102.9

97.2

Less: Capital consumption allowances with capital consumption adjustment.

33.8

36.2

38.9

41.2

43.5

46.0

48.2

50.7

52.8

55.0

57.1

59.2

Equals: Net private domestic investment

37.2

33.9

43.4

24.3

50.2

48.1

35.0

34.9

30.6

49.1

45.8

38.1

Fixed investment

58.8

70.4

76.8

70.0

83.2

80.4

78.9

84.1

85.6

96.3

97.1

95.7

Less: Capital consumption allowances with capital consumption adjustment.

33.8

36.2

38.9

41.2

43.5

46.0

48.2

50.7

52.8

55.0

57.1

59.2

Equals: Net fixed investment

36.6

25.0

34.2

37.9

28.8

39.7

34.4

30.6

33.4

32.8

41.4

40.0

Nonresidential

42.0

48.9

51.0

46.0

50.0

52.9

52.1

56.3

55.4

61.2

65.2

66.0

Less: Capital consumption allowances with capital consumption adjustment.

25.1

27.2

29.5

31.5

33.4

35.5

37.4

39.4

41.1

42.7

44.6

46.1

Equals: Net nonresidential

16.9

21.7

21.5

14.5

16.6

17.3

14.8

16.9

14.2

18.5

20.7

19.9

Structures

18.8

17.3

18.4

17.8

19.1

20.6

20.6

22.5

23.5

25.3

28.1

28.1

Less: Capital consumption allowances with capital consumption adjustment.

11.8

12.1

12.4

12.6

12.9

13.1

13.5

13.8

14.2

14.7

15.3

15.8

7.0

5.2

6.0

5.2

6.3

7.5

7.2

8.7

9.3

10.6

12.9

12.3

Producers* durable equipment

23.2

31.6

32.7

28.2

30.9

32.3

31.5

33.8

31.8

35.9

37.1

37.9

Less: Capital consumption allowances with capital consumption adjustment.

13.2

15.1

17.2

18.9

20.6

22.4

23.9

25.6

26.9

28.0

29.3

30.3

Equals: Net producers' durable equipment

10.0

16.4

15.5

9.2

10.3

9.9

7.6

8.2

4.9

7.9

7.8

7.6

16.8

21.5

25.8

24.0

33.2

27.5

26.8

27.8

30.2

35.1

31.9

29.7

8.7

9.0

9.3

9.7

10.1

10.5

10.9

11.2

11.6

11.2

12.6

13.0

Equals: Net structures

Residential
Less: Capital consumption allowances with capital consumption adjustment.
Equals: Net residential

8.1

12.4

16.4

14.3

23.1

17.0

15.9

16.6

18.6

22.9

19.3

16.7

Nonfarm structures

15.5

19.8

23.9

22.3

31.5

25.9

25.3

26.3

28.8

33.8

30.4

28.3

Less: Capital consumption allowances with capital consumption adjustment.

7.9

8.1

8.4

8.8

9.2

9.5

9.9

10.2

10.6

11.1

11.5

11.8

Equals: Net nonfarm structures

7.6

11.7

15.5

13.5

22.3

16.4

15.4

16.1

18.2

22.7

19.0

16.5

Farm structures

1.1

1.3

1.5

1.4

1.3

1.3

1.2

1.2

1.1

.9

1.0

1.0

.7

.7

.8

.8

.8

.8

.9

.8

.8
.1

Less: Capital consumption allowances with capital consumption adjustment.

.7

Equals: Net farm structures

.4

.7

.6

.5

.4

.4

.3

.0

.2

Producers'durable equipment

.2

.3

.3

.3

.3

.3

.3

.3

.4

.4

.4

Less: Capital consumption allowances with capital consumption adjustment.

.1

.1

.1

.2

.2

.2

.2

.3

.3

.3

.3

Equals: Net producers' durable equipment.

.1

.2

.1

.2

.1

.1

.1

.1

.1

.1

.1

12.2

5.5

-4.4

10.6

13.7

4.3

1.5

-2.2

7.7

5.8

1.5

Change in business inventories

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

165

Adjustment, and Net Private Domestic Investment by Major Type of Investment in Constant Dollars: Annually, 1946-74
1972 dollars]
1959

1958

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

87.7

107.4

105.4

103.6

117.4

124.5

132.1

150.1

161.3

152.7

159.5

168.0

154.7

166.8

188.3

207.4

180.0

1

60.9

62.4

64.3

66.1

68.0

70.2

72.7

75.9

79.9

84.2

88.4

92.9

97.5

101.6

105.4

110.9

116.7

2

26.8

45.0

41.1

37.5

49.5

54.4

59.4

74.2

81.4

68.5

71.2

75.1

57.2

65.2

82.9

96.5

63.2

3

89.6

101.0

101.0

100.7

109.3

116.8

124.8

138.8

144.6

140.7

150.8

157.5

150.4

160.2

178.8

191.4

172.2

4

60.9

62.4

64.3

66.1

68.0

70.2

72.7

75.9

79.9

84.2

88.4

92.9

97.5

101.6

105.4

110.9

116.7

5

28.7

38.6

36.7

34.6

41.3

46.6

52.1

62.9

64.7

56.5

62.4

64.6

52.9

58.6

73.5

80.5

55.5

6

58.9

62.9

66.0

65.6

70.9

73.5

81.0

95.6

106.1

103.5

108.0

114.3

110.0

108.0

116.8

131.3

127.5

7

47.4

48.5

49.8

51.1

52.5

54.1

56.1

58.6

61.9

65.7

69.3

73.1

77.0

80.4

83.6

87.6

92.0

8

11.5

14.5

16.2

14.5

18.4

19.4

25.0

37.1

44.1

37.8

38.7

41.2

33.0

27.6

33.3

43.7

35.5

9

26.4

26.8

28.8

29.3

30.8

30.8

33.3

39.6

42.5

41.1

42.0

44.0

42.8

41.7

42.5

45.3

42.7

10

16.4

16.9

17.4

17.9

18.5

19.1

19.8

20.5

21.4

22.3

23.2

24.1

25.0

25.7

26.5

27.3

28.2

11

10.1

9.9

11.4

11.4

12.3

11.7

13.6

19.1

2L1

18.8

18.8

19.9

17.9

15.9

16.0

18.0

14.5

12

40.1

42.7

47.7

56.0

63.6

62.4

66.1

70.3

67.2

66.3

74.3

85.9

84.9

13

33.9

35.0

36.3

38.0

40.5

43.4

46.1

49.0

52.1

54.6

57.1

60.3

63.9

14

32.5

36.1

37.2

36.3

31.1

31.6

32.4

33.2

1.5

4.5

4.8

3.1

6.1

7.7

11.4

18.0

23.0

19.0

20.0

21.3

15.1

11.7

17.2

25.6

21.0

15

30.6

38.1

35.0

35.1

38.4

43.2

43.8

43.2

38.5

37.2

42.8

43.2

40.4

52.2

62.0

60.1

44.7

16

13.4

13.9

14.5

15.0

15.5

16.1

16.7

17.3

18.0

18.5

19.1

19.8

20.5

21.2

21.8

23.3

24.7

17
18

17.2

24.1

20.5

20.2

22.9

27.2

27.1

25.9

20.6

18.7

23.7

23.4

19.9

31.0

40.2

36.8

20.0

29.2

36.5

33.7

33.6

36.9

41.7

42.2

41.6

36.9

35.5

41.1

41.5

38.9

50.5

60.3

58.4

42.6

19

12.3

12.7

13.2

13.6

14.1

14.6

15.2

15.7

16.3

16.8

17.4

18.0

18.7

19.4

19.8

21.2

22.4

20

16.9

23.8

20.5

20.0

22.8

27.1

27.0

25.9

20.6

18.7

23.8

23.4

20.1

31.1

40.5

37.2

20.2

21

.9

1.0

.8

1.0

.9

.9

.9

.8

.9

.9

.8

.9

.6

.7

.7

.5

.8

22

.8

.8

.9

.9

.9

1.0

1.0

1.1

1.1

1.2

1.1

1.1

1.1

1.1

1.2

1.3

1.4

23
24

.1

.1

.0

.1

.0

.0

-.1

-.2

-.2

-.3

-.3

-.2

-.4

-.4

-.5

Q

-.6

.5

.6

.5

.5

.6

.6

.7

.7

.8

.8

.9

.9

.9

1.0

1.1

1.2

1.3

25

.4

.4

.4

.4

.4

.5

.5

.5

.6

.6

.6

.7

.7

.7

.8

.8

.9

26

—

.1

.2

.1

.1

.1

.2

.2

.2

.2

.2

.3

.2

.2

.3

.3

.4

.4

27

-1.8

6.5

4.4

2.9

8.1

7.8

7.3

11.3

16.7

12.0

8.7

10.6

4.3

6.6

9.4

16.0

7.7

28




166

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 5.4.—Purchases of Structures
[Millions of

Line

1946
Purchases of structures
Private

1947

15,781

21,754

14,150

1948

1949

1950

1951

1952

1953

1954

1955

39,823

42,398

44,937

49,860

52,621

53,409

18,797 23,537 22,321 28,852

28,639

28,914

30,985

33,055

38,104

39,526

38,837

8,551

9,338

11,266

11,508

12,770

13,166

14,429

17,377

18,113

28,594 35,798

1956 1957

6,823

7,573

6,088

7,111

8,642

8,424

9,261

11,228

11,474

12,723

13,121

14,175

17,419

18,081

8
9
10
11

Nonresidential buildings, excluding farm.
Industrial
Commercial
Religious
Educational
Hospital and institutional
Other 1

3,258
l,o»y I 1,702
1,160 I 972
126
76
174
123
110
85
174

3,782
1,397
1,414
251
253
126
341

3,393
972
1,192
360
269
202

3,922
1,062
1,433
409
294
344
380

5,300
2,117
1,519
452
345
419
448

5,040
2,320
1,163
399
351
394
413

5,706
2,229
1,817
472
426
317
445

6,276
2,030
2,238
593
529
337
549

7,231
2,259
3,081
696
466
334

9,284
3,224
3,854
806
562
345
493

9,610
3,557
3,618
868
525
525
517

12
13
14
15
16
17

Public utilities
Railroads
Telephone and telegraph
Electric light and power
Gas
Petroleum pipelines

1,255

2,126
284
510
761
394
177

2,776
338
713
1,016
499
210

2,994
314

3,357
332
487
1,315
1,010
213

3,533
414
570
1,537
710
302

3,973
375
615
1,805
818
360

3,685
341
655
1,717
723
249

3,565
303
758
1,488
873
143

4,566
424
1,113
1,804
1,080
145

4,908
387
1,068
2,168
1,116
169

18
19
20
21
22

Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Others

659
753
715
38
52

755
903
844

786
1,233
1,167
66
65

637
197
743
1,216
1,158
58
78

3,045
269
440
1,240
859
237
747
1,435
1,364
71
112

798
1,709
1,623
86
64

866
1,950
1,867
83
85

780
2,144
2,052
92
120

733
2,306
2,227
79
121

703
2,522
2,441
81
154

2,653
2,570
83
127

761
2,603
2,524
79
199

126

112
350

104
152

81
46

82
-5

91
-53

88
-54

101

102
-57

122
132

130
-172

138
-106

19,889

23,675

22,149

20,724

Nonresidential
New
5
6

23
24
25
26
27
28
29
30
31
32

Brokers' commissions on sale of structures.
Net purchases of used structures
Residential
New
Nonfarm
New housing units
1-unit structures
2 or more unit structures
Mobile homes
Additions and alterations
Nonhousekeeping
Farm
New housing units
Additions and alterations

37

Brokers' commissions on sale of structures.
Net purchases of used structures

425
197

-54

7,327

11,224

14,639

13,770

19,514

17,373

17,406

6,832

10,694

14,181

13,355

19,026

16,821

16,773

6,327
4,875
4,795
80
1,307
145

10,010
7,925
7,765
160
1,960
125

13,320
10,698
10,506
192
2,467
155

12,525
10,140
10,043
97
2,200
185

18,247
15,672
15,551
121
2,400
175

16,015
13,341
13,207
134
2,484
190

16,018
13,066
12,851
215
2,767
185

17,565
16,811
13,628
13,411
217
2,916
267

505
505

684

861
861

830

779
779

806
806

755
755

510
-15

525
5

460
-2

474
-59

573

653
-101

763
-130

6,273

9,397

9,255

-85

18,215

19,114

22,857

21,393

20,220

18,414
15,158
14,931
227
2,960
296

22,233
18,598
18,242
356
3,296

20,702
16,667
16,143
524
3,588
447

19,551
15,281
14,736
545
3,769
501

754
754

700

624

700

624

691
691

783
-133

907
-132

1,009
-191

977
-221

10,909

11,413

11,882

11,756

13,095

14,572

10,779

11,242

11,712

11,715

12,732

14,059

4,091
595
974
1,513
527
482

4,812
654
1,684
1,619
495

4,906
556
1,771
1,714
369
496

4,945
336
1,506
2,134
333
636

4,462
266
721
2,442
300
733

4,368
292
453
2,556
300
767

5,013
506
473
2,825
354
855

3,021
1,290

3,714
1,003
773

3,852
1,287
,01

4,415
1,360

4,934
1,287
971

1,275
488

1,344
510

1,631

2,957

4,546

2,231

3,319

4,704

Buildings, excluding military
Residential
Industrial
Educational
Hospital
Others

728
374
113
101
85
55

791
200
96
287
77
131

1,447
156
196
618
213
264

2,408
359
177
934
458
480

6,866
2,732
345
224
1,133
499
531

Highways and streets
Military facilities
Conservation and development

764
188
260

1,344
204
424

1,661
158
670

2,015
137
852

2,134
177
942

2,355
887
912

2,677
1,387
900

Sewer systems
Water supply facilities
Other*

194
97

351
205

535
233

619
238

659
222

775
235

790
213

250

982
295

1,085
328

-600

-362

-158

80

142

130

171

170

41

Government
New

Net purchases of used structures

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Consists of buildings used primarily for social and recreational activities and buildings,
not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.




6,946

932
-428

513

2. Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
3. Consists of general office buildings, police and fire stations, courthouses, auditoriums,
garages, passenger terminals, etc.
4. Consists of electric and gas facilities, transit systems, airfields, etc.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

167

by Type: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

54,296

60,136

59,048

60,739

64,944

69,635

73,101

79,487

82,170

83,654

93,755

101,482

102,454

119,064

135,286

148,017

147,746

38,055

43,505

42,624

42,882

46,319

49,631

51,985

56,666

57,285

57,430

65,309

72,682

73,357

87,886

103,488

114,231

107,617

1
2
3

16,743

18,356

19,424

19,578

21,462

26,109

29,237

29,494

31,592

35,663

37,661

39,338

42,543

48,964

54,406

18,261

18,518

19,672

19,833

21,689

26,167

29,165

29,321

31,363

35,379

37,404

39,104

42,252

48,645

54,110

4

8,915
2,106
3,986
947
525
570
781

10,200
2,851
4,231
1,013
566
605
934

10,781
2,780
4,721
1,003
609
771
897

11,674
2,842
5,201
1,033
680
985
933

11,717
2,906
5,066
1,001
678
1,030
1,036

13,026
3,565
5,467
992
697
1,291
1,014

16,580
5,667
6,536
1,288
734
1,422
933

18,420
7,299
6,561
1,208
1,053
1,489
810

17,660
6,628
6,652
1,126
1,197
1,343
714

18,265
6,021
7,862
1,079
1,101
1,579
623

21,294
6,783
9,540
988
1,029
2,169
785

21,565
6,538
9,902
931
865
2,529
800

22,675
5,423
11,815
813
943
2,864
817

24,257
4,676
13,683
844
968
3,172
914

27,821
6,243
15,690
814
837
3,152
1,085

29,818
7,902
16,119
919
656
3,204
1,018

5
6
7
8
9
10
11

4,688
267
904
2,291
1,065
161

4,506
218
950
1,997
1,210
131

4,592
270
1,085
2,006
1,099
132

4,292
213
975
1,858
1,137
109

4,274
201
990
1,862
1,018
203

4,597
253
1,119
2,021
932
272

4,952
267
1,303
2,162
1,054
166

5,698
310
1,451
2,535
1,280
122

6,682
378
1,594
2,986
1,582
142

7,445
327
1,621
3,669
1,516
312

8,749
413
1,683
4,297
1,999
357

9,227
453
2,175
4,545
1,823
231

10,597
306
2,921
5,482
1,603
285

11,212
291
2,939
6,267
1,287
428

12,485
359
3,235
6,992
1,615
284

14,342
423
3,892
8,072
1,640
315

16,105
457
4,198
8,967
1,555
928

12
13
14
15
16
17

733
2,369
2,263
106
189

955
2,521
2,405
116
207

849
2,339
2,214
125
281

871
2,324
2,189
135
250

962
2,485
2,341
144
277

958
2,251
2,097
154
310

958
2,415
2,257
158
338

1,038
2,435
2,272
163
416

1,126
2,453
2,285
168
484

1,332
2,430
2,258
172
454

1,217
2,559
2,344
215
573

1,322
2,795
2,537
258
741

1,512
2,784
2,482
302
946

1,557
2,667
2,322
345
993

1,432
3,137
2,749
388
941

2,120
3,449
2,978
471
913

2,306
4,882
4,223
659
999

18
19
20
21
22

152
-111

155
-212

178
-268

188
-350

204
-452

204
-459

227
-454

289
-347

320
-248

308
-135

318
-89

371
-87

375
-118

394
-160

421
-130

473
-154

509
-213

23
24

21,312

26,458

24,453

24,526

26,895

30,053

30,523

30,557

28,048

27,936

33,717

37,019

35,6%

48,548

60,945

65,267

53,211

25

20,928

(

18,171

17,104

8,723
2,382
3,637
863
574
600
667

(

17,047

16,702

25,454

23,504

23,617

25,714

28,512

28,994

29,087

26,927

26,905

32,376

35,570

34,387

46,603

58,414

61,827

50,320

26

20,289
15,945
13,131
2,314
500
3,711
633

24,793
19,775
16,256
2,977
542
4,263
765

22,934
17,512
14,369
2,631
512
4,557
865

22,929
17,275
13,461
3,316
498
4,594
1,060

25,085
19,721
14,331
4,842
548
4,141
1,223

27,873
22,071
15,011
6,438
622
4,461
1,341

28,338
22,307
15,027
6,449
831
4,574
1,457

28,494
22,449
15,444
6,007
998
4,559
1,486

26,271
20,136
13,837
5,243
1,056
4,713
1,422

26,226
19,894
13,990
4,724
1,180
5,066
1,266

31,765
25,411
16,534
7,203
1,674
5,116
1,238

34,843
28,013
16,177
9,528
2,308
5,453
1,377

33,836
26,530
14,543
9,518
2,469
5,948
1,358

45,967
38,106
21,968
12,864
3,274
6,467
1,394

57,767
48,633
27,337
17,247
4,049
7,145
1,989

61,234
51,942
28,125
19,438
4,379
6,926
2,366

49,342
40,065
23,344
13,507
3,214
7,589
1,688

27
28
29
30
31
32
33

639
331
308

661
343
318

570
296
274

688
309
379

629
286
343

639
302
337

656
335
321

593
288
305

666
300
356

679
300
379

611
332
279

727
298
429

551
265
286

636
296
340

647
372
275

593
373
220

978
522
456

34
35
36

1,057
-673

1,353
-349

1,242
-293

1,268
-359

1,495
-314

1,729
-188

1,808
-279

1,882
-412

1,751
-630

1,792
-761

2,093
-752

2,199
-750

2,192
-883

3,093
-1,148

3,800
-1,269

4,064
-624

3,705
-814

37
38

39

16,241

16,631

16,424

17,857

18,625

20,004

21,116

22,821

24,885

26,224

28,446

28,800

29,097

31,178

31,798

33,786

40,129

15,457

16,070

15,863

17,148

17,859

19,357

20,383

22,062

24,007

25,328

27,605

27,963

28,096

29,870

30,399

33,008

39,102

40

6,499
846
408
2,875
390
980

5,466
960
368
2,656
428
1,054

5,511
716
407
2,818
401
1,169

6,012
841
472
3,052
369
1,278

6,082
936
422
2,974
397
1,353

6,534
527
440
3,477
426
1,664

7,177
562
403
3,790
469
1,953

7,893
601
368
4,284
523
2,117

8,920
651
369
5,333
511
2,056

9,795
704
408
5,988
609
2,086

10,439
740
519
6,061
698
2,421

11,230
1,036
518
5,868
804
3,004

10,657
1,099
500
5,618
837
2,603

11,397
1,128
572
5,564
981
3,152

11,500
875
534
5,720
1,008
3,363

12,994
941
605
6,647
1,002
3,799

14,990
1,007
763
7,311
1,240
4,669

41
42
43
44
45
46

5,545
1,402
1,019

5,761
1,465
1,121

5,437
1,366
1,175

5,854
1,371
1,384

6,365
1,266
1,523

7,084
1,179
1,694

7,133
910
1,750

7,550
830
2,019

8,405
727
2,194

8,591
695
2,124

9,321
808
1,973

9,252
879
1,780

9,981
718
1,908

10,658
901
2,095

10,428
1,003
2,172

10,506
1,170
2,313

12,083
1,185
2,782

47
48
49

1,387
605

906
561
790

882
605
887

914
667
946

1,072
682
869

947
882
1,037

1,325
956
1,132

1,195
1,266
1,309

1,300
1,066
1,395

1,058
1,270
1,795

1,551
1,514
1,999

1,344
1,336
2,142

1,544
1,094
2,194

1,829
996
1,994

2,002
1,076
2,218

2,454
1,068
2,503

3,384
1,382
3,296

50
51
52

784

561

561

709

766

647

733

759

878

896

841

837

1,001

1,308

1,399

778

1,027

53




THE NATIONAL INCOME AND PRODUCT ACCOUNTS

168

Table 5.5—Purchases of Structures by
[Billions of

Line

1946

Purchases of structures.
Private
Nonresidential..

New..
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

Nonresidential buildings, excluding farm..
Industrial
Commercial
Religious
Educational
Hospital and institutional
Other i
Public utilities
Railroads
Telephone and telegraphElectric light and power..
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and wells.
Petroleum and natural gas
Other
Other 2
Brokers' commissions on sale of structures.
Net purchases of used structures
Residential.
New

1947

1948

1949

1950

39.4

44.9

52.8

54.1

35.4

38.5

43.8

41.5

52.0

18.8

17.3

18.4

17.8

16.7

16.3

17.8

9.5
4.5
3.4
.2
.4
.3
.7

7.3
3.8
2.2
.3
.4
.2
.4

7.6
2.8
2.8
.5
.5
.3
.7

1.4
.5
.3

5.3
.7
1.2
2.2
.9
.4

6.2
.7
1.5
2.7
.9
.4

1.8
1.7
1.6
.1
.1

1.7
1.9
1.7
.1
.1
.3

.4
1.7
16.6
15.5

.8
21.2

1951

1952

1953

1954

1955

1956

1957

66.3

70.1

75.2

81.6

81.4

47.8

47.1

49.9

53.4

60.0

59.6

57.4

19.1

20.6

20.6

22.5

23.5

25.3

28.1

28.1

17.6

19.0

20.5

20.6

22.4

23.5

24.9

28.2

28.1

7.0
2.0
2.5
.7
.6
.4

8.2
2.2
3.0
.9
.6
.7
.8

9.7
3.9
2.8
.8
.6
.8
.8

9.0
4.2
2.1
.7
.6
.7
.7

10.2
4.0
3.2
.8
.8
.6
.8

11.5
3.7
4.1
1.1
1.0
.6
1.0

13.0
4.1
5.5
1.3
.8
.6
.7

15.4
5.4
6.4
1.3
.9
.6
.8

15.3
5.7
5.7
1.4
.8
.8
.8

6.5

6.3

LI
3.3
1.1
.4

2.9
1.5
.4

6.3
.6
.9
2.8
1.6
.3

6.6
.8
1.1
3.2
1.1
.5

7.1
.7
1.1
3.5
1.2
.5

6.5
.6
1.2
3.3
1.1
.4

6.1
.5
1.4
2.8
1.3
.2

7.3
.7
1.9
3.0
1.5
.2

7.5
.6
1.8
3.4
1.4
.2

1.6
2.3
2.1
.1
.1

1.5
2.3
2.2
.1
.1

1.6
2.7
2.6
.1
.2

1.5
2.9
2.7
.1
.1

1.6
3.2
3.1
.1
.1

1.4
3.5
3.3
.2
.2

1.3
3.9
3.7
.1
.2

1.3
4.2
4.0
.1
.3

1.3
4.0
3.9
.1
.2

1.2
3.8
3.7
.1
.3

.2
.3

.2
.1

.2
.0

.2
-.1

.2
-.1

.2
-.1

.2
-.1

.2
.2

.2
-.3

.2

66.5

65.0

25.5

23.7

32.8

27.2

26.4

27.5

29.9

34.7

31.4

29.3

24.7

23.0

32.0

26.3

25.5

26.5

28.7

33.5

30.3

28.5

23.1
18.5
18.4
.1
4.3

21.6
17.4
17.4
.1
3.8
.3

30.7
26.3
26.3
.1
4.1
.3

25.1
20.9
20.8
.1
3.9
.3

24.3
19.8
19.7
.1
4.2
.3

25.3
20.5
20.4
.1
4.4
.4

27.7
22.7
22.6
.1
4.5
.4

32.6
27.2
27.0
.2
4.9
.5

29.4
23.6
23.2
.3
5.2
.6

27.6
21.5
21.1
.4
5.4
.7

Nonfarai-New housing units
1-unit structures
2 or more unit structuresMobile homes
Additions and alterations...
Nonhousekeeping

14.4
11.1
11.0
.0
3.0
.3

20.2
18.9
14.9
14.8
.1
3.7
.2

Farm
New housing units
Additions and alterations-

27
28
29
30
31
32

1.1
1.1

1.3
1.3

1.5
1.5

1.4
1.4

1.3
1.3

1.3
1.3

1.1
1.1

1.1
1.1

1.1
1.1

1.0
1.0

.9

.9

1.2
.0

1.0
.0

.8
.0

.8
-.1

1.0
-.1

1.0
-.2

1.2
-.2

1.2
-.2

1.4
-.2

1.5
-.3

1.4
-.3

1.3
-.6

Brokers' commissions on sale of structures.
Net purchases of used structures
Government.
New
Buildings, excluding military.
Residential
Industrial
Educational
Hospital
Other 3
Highways and streets
Military facilities
Conservation and development .
Sewer systems
Water supply facilitiesOther*
Net purchases of used structures.

4.0

6.4

9.0

12.6

14.5

17.2

19.3

20.2

21.8

21.5

21.8

23.2

5.7

7.3

9.3

12.6

14.4

16.9

19.0

19.9

21.5

21.5

21.3

22.4

1:9
.8
.3
.3
.3
.2

1.7
.4
.2
.7
.2
.3

2.9
.3
.4
1.3
.4
.5

4.9
.6
.4
2.0
1.0
1.0

5.7
.6
.5
2.4
1.1
1.1

7.5
.9
1.8
2.8
1.0
.9

8.6
1.0
3.1
3.0
.9
.7

8.8
.9
3.2
3.1
.7
.9

9.1
.5
2.8
4.0
.6
1.2

8.1
.4
1.3
4.5
.6
1.3

7.3
.4
.8
4.3
.5
1.3

8.0
.7
.8
4.6
.6
1.4

1.7
.5
.7

2.7
.4

3.0
.3
1.3

3.8
.3
1.6

4.4
.4
1.9

4.0
1.6
1.7

4.4
2.4
1.6

5.1
2.3
1.5

6.7
1.8
1.4

7.2
2.3
1.3

7.3
2.3
1.4

7.8
2.1
1.5

.7
.2

1.0
.4

1.3
.4

1.5
.4

1.6
.5

1.7
.4

1.7
.4

1.8
.4

1.9
.5

2.1
.6

2.2
.8

2.2
.8

-.3

.0

.2

.2

.3

.0

-1.7

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS.

1. Consists of buildings used primarily for social and recreational activities and buildings,
not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.




.7

2. Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
3. Consists of general office buildings, police and fire stations, courthouses, auditoriums,
garages, passenger terminals, etc.
4. Consists of electric and gas facilities, transit systems, airfields, etc.
nsists

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

169

Type in Constant Dollars: Annually, 1946-74
1972 dollars ]
1958

1961

1960

1959

1962

1963

1964

1966

1965

1968

1967

1969

1971

1970

1972

1973*

1974*

82.7

91.0

90.0

92.8

98.3

104.8

109.2

116.4

116.3

114.1

121.9

122.0

115.6

125.9

135.3

135.6

117.1

56.6

64.3

63.3

63.9

68.6

73.4

76.5

82.1

80.3

77.5

83.9

86.3

82.3

92.9

103.5

104.3

86.1

Line

1
2
3

26.4

28.8

29.3

30.8

30.8

33.3

39.6

42.5

41.1

42.0

44.0

42.8

41.7

42.5

45.3

42.7

26.9

28.9

29.5

31.2

31.2

33.7

39.7

42.4

40.8

41.6

43.6

42.5

41.4

42.3

45.1

42.5

4

14.3
3.9
5.9
1.4
.9
1.0
1.1

14.7
3.5
6.6
1.6
.9
.9
1.3

16.9
4.7
7.0
1.7
.9
1.0
1.6

17.9
4.6
7.8
1.7
1.0
1.3
1.5

19.2
4.7
8.5
1.7
1.1
1.6
1.5

18.9
4.7
8.2
1.6
1.1
1.7
1.7

20.7
5.7
8.6
1.6
1.1
2.1
1.6

25.6
8.8
10.1
2.0
1.1
2.2
1.4

27.3
10.8
9.7
1.8
1.6
2.2
1.2

25.1
9.4
9.4
1.6
1.7
1.9
1.0

24.7
8.2
10.6
1.5
1.5
2.1
.8

26.4
8.4
11.8
1.2
1.3
2.7
1.0

24.5
7.4
11.2
1.1
1.0
2.9
.9

23.9
5.7
12.5
.9
1.0
3.0
.9

24.3
4.7
13.7
.8
1.0
3.2
.9

25.6
5.7
14.5
.8
.8
2.9
1.0

23.3
6.2
12.6
.7
.5
2.5
.8

5
6
7
8
9
10
11

7.0
.4
1.5
3.6
1.3
.2

6.5
.3
1.6
3.0
1.5
.2

6.7
.4
1.8
3.0
1.3
.2

6.2
.3
1.5
2.9
1.4
.1

6.3
.3
1.6
2.9
1.3
.3

6.8
.4
1.8
3.1
1.2
.3

7.3
.4
2.1
3.2
1.4
.2

8.2
.4
2.3
3.7
1.6
.2

9.2
.5
2.3
4.2
2.0
.2

9.9
.5
2.3
5.0
1.8
.4

11.2
.6
2.3
5.6
2.4
.4

11.3
.6
2.8
5.6
2.1
.3

12.1
.4
3.3
6.2
1.8
.3

11.9
.3
3.2
6.6
1.3
.4

12.5
.4
3.2
7.0
1.6
.3

13.5
.4
3.7
7.6
1.5
.3

12.8
.4
3.4
7.1
1.2
.7

12
13
14
15
16
17

1.2
3.6
3.4
.2
.3

1.6
3.7
3.5
.2
.3

1.4
3.4
3.2
.2
.5

1.5
3.5
3.3
.2
.4

1.6
3.7
3.5
.2
.4

1.6
3.5
3.2
.3
.5

1.5
3.7
3.5
.3
.5

1.6
3.7
3.4
.3
.6

1.7
3.5
3.2
.2
.7

1.9
3.3
3.0
.2
.6

1.7
3.3
3.0
.3
.8

1.6
3.4
3.1
.3
.9

1.7
3.2
2.8
.3
1.1

1.6
2.9
2.5
.4
1.1

1.4
3.1
2.7
.4
.9

2.0
3.1
2.7
.4
.9

1.8
3.8
3.3
.5
.8

18
19
20
21
22

.2
-.2

.3
-.3

.3
-.6
34.6

.4
-.7
43.1

.4
-.1

.5
-.1

.4
-.1

.4
-.2

.4
-.1

.4
-.1

.4
-.2

42.4

.5
-.4
37.8

.4
-.2

37.8

.3
-.7
42.6

.4
-.5

37.5

.3
-.4
34.5

.3
-.7

30.1

36.4

41.9

42.3

39.5

51.2

60.9

58.9

43.4

23
24
25

29.6

36.1

33.1

33.3

36.1

40.4

40.9

40.4

36.3

35.1

40.2

40.6

38.0

49.1

58.4

55.8

41.1

26

28.7
22.5
18.8

35.1
27.9
23.3
4.3
.4
6.1
1.1

32.3
24.6
20.5
3.7
.4
6.5
1.2

32.3
24.3
19.2
4.7
.4
6.6
1.5

35.3
27.7
20.3
6.9
.5
5.9
1.7

39.5
31.2
21.4
9.2
.6
6.4
1.9

40.0
31.4
21.4
9.2
.8
6.5
2.1

39.6
31.1
21.7
8.4
1.0
6.4
2.1

35.4
27.1
18.8
7.1
1.1
6.4
1.9

34.2
25.9
18.4
6.2
1.3
6.7
1.7

39.5
31.5
20.7
9.0
1.8
6.4
1.5

39.8
31.9
18.6
11.0
2.3
6.3
1.6

37.4
29.3
16.2
10.6
2.4
6.6
1.5

48.5
40.1
23.3
13.6
3.2
6.9
1.5

57.8
48.6
27.3
17.2
4.0
7.2
2.0

55.3
46.9
25.3
17.5
4.2
6.2
2.1

40.3
32.7
18.9
11.0
2.8
6.1
1.4

27
28
29
30
31
32
33

.9
.5
.5

.8
.4
.4

1.0
.4
.5

.9
.4
.5

.9
.4
.5

.9
.5
.5

.8
.4
.4

.9
.4
.5

.9
.4
.5

.8
.4
.4

.8
.3
.5

.6
.3
.3

.7
.3
.4

.6
.4
.3

.5
.3
.2

.8
.4
.4

34
35
36

-1.0

1.9
-.5

1.8
-.4

1.8
-.5

2.4
-.9

2.4
-1.0

2.6
-.9

34.3

36.0

36.6

38.0

33.3

31.8

3.7
-.6
31.4

3.0
-.7
31.0

37
38

31.4

3.3
-1.2
33.0

3.8
-1.3

28.9

2.5
-.9
35.7

2.4
-1.0

26.7

2.6
-.4
32.7

2.6
-.6

26.7

2.1
-.4
29.7

2.5
-.3

26.1
25.0

25.8

25.9

27.8

28.5

30.4

31.6

33.2

34.8

35.4

36.9

34.8

32.1

31.6

30.4

30.6

30.2

40

9.0
1.2
.7
4.8
.7
1.6

8.7
1.4
.6
4.2
.8
1.8

8.8
1.0
.7
4.4
.7
2.0

9.6
1.2
.8
4.8
.7
2.1

9.6
1.3
.7
4.7
.7
2.2

10.3
.8
.7
5.4
.7
2.7

11.2
.8
.6
5.8
.8
3.1

12.0
.8
.6
6.4
.8
3.3

13.0
.9
.5
7.8
.8
3.1

13.8
.9
.6
8.4
.9
2.9

14.1
.9
.7
8.2
1.0
3.3

13.9
1.2
.6
7.3
1.1
3.7

12.3
1.2
.6
6.5
1.0
3.0

12.1
1.2
.6
5.9
1.1
3.3

11.5
.9
.5
5.7
1.0
3.4

12.0
.9
.6
6.1
.9
3.6

12.1
.8
.6
6.0
1.1
3.6

41
42
43
44
45
46

9.0
2.2
1.6

(

26.8

26.4

9.3
2.4
1.8

9.1
2.2
1.9

9.8
2.2
2.2

10.4
2.0
2.4

11.2
1.8
2.6

11.2
1.4
2.6

11.5
1.3
3.0

12.1
1.1
3.1

12.0
1.0
2.9

12.3
1.1
2.6

11.5
1.1
2.2

11.2
.8
2.2

11.1
1.0
2.2

10.4
1.0
2.2

9.8
1.1
2.2

8.7
.9
2.3

47
48
49

1.6

{ 3.3
6.3
.9
.9

{ :l
1.5

39

1.0

1.2

1.5
.9
1.4

1.5
.9
1.5

1.8
1.0
1.4

1.5
1.3
1.6

2.1
1.4
1.7

1.8
1.8
2.0

2.0
1.5
2.0

1.6
1.7
2.5

2.2
2.0
2.7

1.8
1.7
2.7

1.9
1.3
2.5

2.0
1.1
2.1

2.0
1.1
2.2

2.3
1.0
2.3

2.7
1.1
2.4

50
51
52

1.1

.8

.9

1.1

1.2

1.0

11
.

11
.

1.2

1.2

11
.

1.0

11
.

1.4

1.4

.7

.8

53

} 2.2

(




170

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 5.6.—Private Purchases of Producers9
[Millions of

Line

1946
10,122
9,945

Private purchases of producers' durable equipment.

1947

Nonresidential

1948

1949

1950

1951

1952

15,617

17,610

15,316

17,280

1953

1954

1955

1956

1957

16,031

18,174

20,245

20,062

15,732

17,799

19,874

19,694

21,917

21,203

24,320

26,801

29,016

21,531

20,812

23,888

26,343

644
442
208
772
1,003
451
268
468
1,056

700
483
275
828
1,042
514
332
726
1,251

659
225
888
1,094
620
449
1.056
1,466

887
762
313
871
1,102
701
452
1,159
1,293

873
825
311
835
998
664
436
1,483
1,381

28,561

981
877
455
676
944
549
409
1,653
1,251

1,167
818
421
892
995
742
558
1,416
1,533

1,312
940
445
857
890
913
617
1,948
1,795

1,283
1,126
632
767
880
814
629
1,962
1,812

Furniture and fixtures
Fabricated metal products
Engines and turbines
Tractors
Agricultural machinery, except tractors..
Construction machinery, except tractors.
Mining and oilfield machinery
M etalworking machinery
Special industry machinery, n.e.c

504
336
50
268
344
419
207
785
774

538
143
490
663
504
243
825
1,242

672
541
216
706
967
671
332
692
1,295

General industrial, including materials handling, equipment..
Office, computing, and accounting machinery
Service industry machinery

747
434
506

1,024
575
965

1,063
637
1,378

560
947

848
618
974

1,056
710

999
733
955

1,213
812
1,126

1,244
795
1,079

1,500
911
1,223

1,753
1,083
1,396

1,887
1,373
1,476

Electricial transmission, distribution, and industrial apparatus.
Communication equipment
Electrical equipment, n.e.c

431
444
127

783
737
232

753
725
237

647
222

852
735
292

1,158
853
279

1,355
1,076
246

1,458
1,192
242

1,528
1,048
226

1,516
1,161
278

1,906
1,438
309

2,143
1,703
305

1,164
1,048
178
255
367
275
315

1,734
1,822
129
586
645
407
426

2,084
1,997
59
273
1,069
453

1,772
2,508
113
167
1,143
427
450

2,095
3,209
76
157
888
486
499

2,360
2,563
85
331
1,224

1,861
2,211
198
371
1,101
631
495

1,841
3,189
191
341
1,015
682

1,736
3,294
215
182
586
587

2,379
4,006
159
276

2,505
3,154
381
429
932

2,348
3,579
516
560
1,262
912

33

87

81

102

78

41

124

158

391

432

458

Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
Instruments
Other

501

Less: Sale of equipment scrap, excluding autos..

301

177

Residential

708

526

41

116

103

299

375

371

330

455

386

Addenda:
10,122
129
582

Private purchases of producers* durable equipment.
Less: Dealers' margin on used equipment
Net purchases of used equipment from government.
Plus: Net sales of used equipment
Net exports of used equipment
Sale of equipment scrap
Equals: Purchases of new equipment

15,617
194
638
134
88
87
15,094

33
9,526

17,610
222
283
324
72
42
17,543

16,031
188
68
541
42
46
16,404

18,174
238
73
658
32
85
18,638

20,245
268
169
857
42
104
20,811

20,062
227
43
913
25
80
20,810

21,917
189
-30
937
25
105
22,825

21,203
146
15
814
36
46
21,938

24,320
288
77
860
61
130
25,006

26,801
319
181
902
62
164
27,429

29,016
312
131
1,001
73
124
29,771

n.e.c. Not elsewhere classified.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

Table 5.7.—Private Purchases of Producers9 Durable
[Billions of

1
2

12
13
14

General industrial, including materials handling, equipment
Office, computing, and accounting machinery.. .
Service industry machinery

15
16
17
18
19
20
21
22
23
24

Trucks, buses, and truck trailers..
Autos
..
. . . . . . .
Aircraft
Ships and boats
Railroad equipment
Instruments
Other.

. . .

Less: Sale of equipment scrap, excluding autos




1951

1952

1953

1954

1955

1956

1957

.
.

-

..

.

..

.

>

33.0

28.4

31.2

32.6

31.8

34.1

32.2

36.3

37.5

38.3

31.6

32.7

28.2

30.9

32.3

31.5

33.8

31.8

35.9

37.1

37.9

1.1
.9
.1
.6
.9
1.3
.6
1.9
2.2

.

31.9

1.3
1.1
.4
1.1
1.6
1.4
.6
2.4
3.3

12
1.0
.5
1.5
2.1
1.6
.8
1.8
3.2

1.1
.8
.5
1.6
2.0
1.0
.6
1.2
2.5

1 2
.9
.7
1.6
2.0
1.1
.7
1.7
2.8

1.4
1.1
.5
1.7
1.9
1.2
.8
2.1
3.0

1.4
1.2
.7
1.6
1.9
1.4
.8
2.3
2.6

1.3
1.3
.6
1.5
1.7
1.3
.8
2.8
2.7

1.5
1.4
.9
1.2
1.6
1.0
.7
3.1
2.4

1.7
1.2
.8
1.6
1.7
1.4
.9
2.5
2.8

1.8
1.3
.7
1.5
1.4
1.6
.9
3.1
3.1

1.7
1.4
.9
1.2
1.4
1.3
.9
2.9
2.9

2.8
.8
1.3

2.7
.9
1.8

1.9
.7
1.2

1.9
.8
1.3

2.1
.9
1.1

2.0
.9
1.2

2.3
1.0
1.4

2.3
.9
1.3

2.7
1.1
1.5

2.9
1.2
1.7

2.9
1.5
1.8

1.0

1.3
1.0
.3

1.1
.9
.3

1.3
1.0
.4

1.6
1.1
.3

1.9
1.5
.3

2.0
1.7
.3

2.1
1.5
.3

2.1
1.7
.3

2.3
2.0
.4

2.4
2.3
.4

3.6
2.9
.1
.6
2.2
.8
.7

3.0
3.4
.2
.4
2.3
.8
.7

3.5
4.3
.2
.3
1.7
.8
.7

3.7
3.2
.2
.6
2.2
.9
.6

2.7
2.5
.4
.7
1.9
1.0
.6

2.7
4.0
.3
.6
1.7
1.1
.7

2.6
3.8
.4
.3
1.0
.9
.7

3.4
4.9
.3
.5
1.1
1.1
.8

3.3
3.2
.6
.7
1.4
1.2
.8

1.9 \

1 .3
.

.

.1

.1

.0

.1

.1

.1

.1

.1

.0

.1

.1

2.9
3.7
.8
.8
1.8
1.2
.8
.1

.2

.3

.3

.3

.3

.3

.3

.3

.3

.4

.4

.4

2.5
2.0
.5
.7
.9
.6
.6

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1950

2.4
.6
.8

Electrical transmission, distribution, and industrial apparatus
Communication equipment
Electrical equipment n.e.c

Residential

1949

23.2

Furniture and
fixtures
. _ .
Fabricated metal products
Engines and turbines
Tractors.. >. . . . .
.
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
M etalworking machinery
Special industry machinery, n.e.c

26

1948

23.4

Private ourchases of oroducers' durable eQuioment
Nonresidential

3
4
5
6
7
8
9
10
11

25

1947

1946

Line

3.3
2.8
.3
1.4
1.4
.8
.7

n.e.c. Not elsewhere classified.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

171

Durable Equipment by Type: Annually, 1946-74
dollars]
1965

1966

1967

1968

1969

1970

1971

1972

1973*

38,821

45,830

52,872

53,300

58,512

64,146

63,682

65,729

75,345

88,721

94,854

38,193

45,143

52,180

52,589

57,680

63,286

62,800

64,722

74,284

87,513

93,510

2

1,609
877
423
1,117
1,483
1,252
538
1,784
2,200

1,765
1,019
427
1,399
1,546
1,523
609
1,881
2,574

1,944
1,207
450
1,512
1,799
1,738
687
2,412
3,299

2,218
1,411
546
1,975
2,014
1,945
730
2,959
3,673

2,298
1,405
760
1,749
2,233
1,935
564
3,669
3,502

2,369
1,559
910
1,858
1,954
2,215
599
3,503
3,640

2,688
1,769
1,009
1,790
2,149
2,440
636
3,575
3,819

2,674
1,987
1,097
1,948
2,406
2,514
864
3,494
3,910

2,561
1,991
1,221
1,859
2,246
2,622
984
2,699
3,720

3,2S0
2,025
1,407
2,569
2,466
3,230
800
3,188
4,127

3,609
2,236
1,433
3,477
3,441
3,728
889
3,934
4,646

4,505
2,576
1,668
4,102
4,096
3,524
1,057
5,063
5,447

3
4
5
6
8
9
10
11

2,005
1,318
1,378

2,291
1,782
1,360

2,656
1,968
1,509

3,008
2,236
1,789

3,517
3,082
2,063

3,264
3,212
2,088

3,293
3,205
2,266

3,723
3,864
2,511

3,833
3,859
2,535

3,714
3,720
2,650

3,985
4,568
2,702

4,908
5,376
2,845

6,470
4; 731
3,326

12
13
14

1,987
2,683
314

2,027
3,035
346

2,034
2,868
459

2,333
2,995
503

2,615
3,451
556

3,136
3,974
609

3,165
4,214
519

3,260
4,727
531

3,396
5,747
580

3,524
6,523
645

3,330
6,576
694

3,635
6,595
909

4,215
7,866
999

4,662
8,953
1,048

15
16
17

2,660
3,546
815
395
609
1,033
1,102

3,410
4,250
781
414
933
1,095
1,220

3,596
4,008
488
362
977
1,402
1,347

3,736
4,178
841
424
1,397
1,796
1,463

4,655
5,078
1,283
489
1,709
2,104
1,579

5,407
4,767
1,816
529
1,998
2,532
1,777

4,857
4,588
2,489
556
1,774
2,582
1,530

6,048
5,928
3,657
759
1,370
2,682
1,708

7,420
6,304
2,735
835
1,941
2,928
1,957

6,633
4,873
2,393
847
1,685
3,194
1,981

7,860
7,018
1,289
805
1,869
3,598
2,140

10,285
7,570
1,870
1,051
1,906
4,211
2,350

13,001
9,005
2,633
1,171
1,758
4,752
2,587

12,991
7,771
1,986
1,068
2,246
5,452
2,603

18
19
20
21
22
23
24

1958

1959

1960

1961

1962

1963

1964

25,352

28,820

30,061

29,261

32,364

34,610

24,876

28,250

29,532

28,740

31,824

34,018

1,313
1,042
659
892
1,223
864
425
1,332
1,641

1,360
949
584
1,079
1,229
1,031
505
1,368
1,782

1,404
925
556
699
1,111
918
469
1,584
2,070

1,356
863
824
1,085
852
426
1,405
1,988

1,434
793
425
906
1,166
926
421
1,534
2,189

1,632
1,352
1,299

1,761
1,328
1,327

1,956
1,478
1,335

1,864
1,357
1,304

1,822
1,484
244

1,911
1,765
263

2,076
2,252
297

2,084
2,556
375
539
561
810
790

2,616
3,660
861
487
648
909
946

2,567
3,820
779
454
888
1,009
1,024

477

1974*

Line
1

7

63

119

139

205

182

239

349

457

498

364

361

530

619

444

445

996

1,835

25

476

570

529

521

540

592

628

687

692

711

832

860

882

1,007

1,061

1,208

1,344

26

25,352
283
85
1,078
57
71
26,190

28,820
286
80
1,140
34
128
29,756

30,061
268
83
1,100
46
147
31,003

29,261
260
72
1,222
43
214
30,408

32,364
285
73
1,402
45
191
33,644

34,610
310
74
1,521
42
249
36,038

38,821
341
80
1,555
49
359
40,363

45,830
393
93
1,745
57
469
47,615

52,872
445
107
2,008
64
509
54,901

53,300
420
95
2,301
126
377
55,589

58,512
463
100
2,445
101
370
60,865

64,146
533
106
2,691
170
542
66,910

63,682
507
118
2,952
139
631
66,779

65,729
558
126
3,070
242
458
68,815

75,345
670
134
3,147
356
459
78,503

88,721
800
141
3,882
419
1,013
93,094

94,854
810
160
4,420
399
1,852
100,555

27
28
29
30
31
32
33

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Equipment by Type in Constant Dollars: Annually, 1946-74
1972 dollars]
1958

1964

1963

1962

1961

1960

1959

1965

Line

33.0

36.7

37.8

36.8

40.6

43.3

48.4

56.8

64.3

63.2

67.0

71.2

68.1

67.3

75.3

87.1

86.1

1

32.5

36.1

37.2

36.3

40.1

42.7

47.7

56.0

63.6

62.4

66.1

70.3

67.2

66.3

74.3

85.9

84.9

2

1.7
1.3
.9
1.4
1.8
1.3
.6
2.0
2.5

1.8
1.2
.8
1.6
1.8
1.6
.7
2.0
2.7

18
.
.7
].
LO
].
L6
L4
.
.6
2.2
3.0

1.8
11
.
.6
1.2
1.5
1.2
.6
1.9
2.9

L9
.
10
.
.6
].
L3
].
L6
L3
.
.6
2.1
3.1

2.1
11
.
.6
1.5
2.0
1.8
.7
2.4
3.1

2.2
1.3
.6
1.9
2.1
2.1
.8
2.5
3.5

2.5
1.5
.6
2.0
2.3
2.4
.9
3.1
4.4

2.8
1.8
.8
2.5
2.5
2.6
.9
3.7
4.8

2.8
1.7
1.0
2.2
2.7
2.5
.7
4.4
4.3

2.8
1.8
1.2
2.2
2.3
2.7
.7
4.0
4.3

3.0
2.0
1.2
2.0
2.5
2.8
.7
3.9
4.3

2.8
2.2
1.2
2.1
2.7
2.8
.9
3.6
4.2

2.6
2.1
1.3
1.9
2.6
2.7
1.0
2.7
3.8

3.3
2.0
1.4
2.6
2.5
3.2
.8
3.2
4.1

3.4
2.2
1.4
3.4
3.3
3.6
.9
3.8
4.5

3.7
2.2
1.5
3.5
3.5
3.1
.9
4.5
4.6

3
4
5
6
7
8
9
10
11

2.4
1.4
1.6

2.5
1.4
1.6

2.7
1.6
1.6

2.6
1.4
1.6

2.8
1.4
1.6

3.2
1.9
1.6

3.6
2.1
1.8

4.0
2.3
2.1

4.5
3.2
2.4

4.0
3.3
2.4

3.9
3.3
2.5

4.3
3.9
2.7

4.2
3.9
2.7

3.8
3.7
2.7

4.0
4.6
2.7

4.8
5.4
2.8

5.7
4.7
3.0

12
13
14

2.0
2.0
.3

2.1
2.4
.3

2.3
3.0
.3

2.3
3.6
.4

2.3
4.1
.4

2.4
3.9
.6

2.7
4.0
.6

3.1
4.7
.7

3.7
5.3
.7

3.5
5.5
.6

3.5
5.9
.6

3.6
6.7
.7

3.6
7.4
.7

3.4
7.0
.7

3.6
6.6
.9

4.1
7.6
1.0

4.2
8.3
.9

15
16
17

2.5
2.7
.5
.8
.8
1.0
.9

3.0
3.8
1.2

3.1
4.0
11
.
.6
1.2
1.2
1.2

3.2
3.7
11
.
.6
.8
1.2
1.3

4.1
4.5
1.0
.6
1.2
1.3
1.5

4.3
4.3
.6
.5
1.3
1.6
1.6

4.5
4.6
11
.
.6
1.8
2.0

5.6
5.7
1.6
.7
2.2
2.3
1.8

6.3
5.4
2.3

5.7
5.2
3.0
.7
2.2
2.7
1.7

6.9
6.4
4.3
.9
1.7
2.8
1.9

8.2
6.7
3.1
1.0
2.3
3.1
2.1

7.1
5.0
2.5
.9
1.9
3.3
2.1

7.9
6,9
1.3
.8
2.0
3.6
2.2

10.3
7.6
1.9
11
.
1.9
4.2
2.4

12.8
9.2
2.5
1.1
1.7
4.7
2.5

11.7
7.5
1.7
.9
1.9

18
19
20
21
22
23
24

.7

.9
11
.
1.1

LI
.

.1

.1

.2

.2

.2

.3

17
.
.4

.5

.6

.5

.5

.6

.6

.7




.7

2.6
2.7
2.1

.5

.5

.4

.4

.5

.5

.5

.4

.7

52
.
23
.
.7

.7

.8

.8

.9

.9

.9

1.0

11
.

1.2

13
.

25
26

172

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 5.8.—Change in Nonfarm Business Inventories by
[Millions of
1946

Line
Change in nonfarm business inventories.
Change in book value
Inventory valuation adjustment.

1947

6,350

1,298

13,318
-7,370

1948

1949

2,976 -2,209

1950

1951

1952

6,000

1953

1954

1955

1956
5,075

9,057

2,146

1,068 - 2 , 1 2 9

5,486

5,538
-2,562

-4,528 12,059 10,583
2,319 -6,059 -1,526

964
1,182

2,233 -1,762
-1,165
-367

7,420
-1,934

2,231

1957
801

8,270
2,640
-3,195 -1,839

By legal form of organization
Corporate b u s i n e s s l .
Change in book value
Inventory valuation adjustment.

5,967
11,230
-5,263

7,139

2,053
4,205
-2,152

-1,721
-3,577
1,856

4,823
9,788
-4,965

9,751
-1,199

1,250
981

812 -1,927
1,809 -1,609
-997
-318

4,927
6,663
-1,736

4,884
7,577

582
2,121
-1,539

Noncorporate business 2
Change in book value
Inventory valuation adjustment.

2,088
-1,705

58
1,529
-1,471

1,333
-410

-488
-951
463

1,177
2,271
-1,094

505
832
-327

-85
-286
201

256
424
-168

-202
-153
-49

559
757
-198

191
693
-502

219
519

2,901
6,163
-3,262

450
4,412
-3,962

1,271
2,749
-1,478

-1,580
-2,743
1,163

2,164
5,496
-3,332

7,872
8,477
-605

1,863

1,172

1,185
678

1874
-702

-2,582
-2,260
-322

2,626
4,008
-1,382

3,757
5,437
-1,680

-322
642
-964

Durable goods 3
Change in book value
Inventory valuation adjustment-

128
2,299
-2,171

-197
1,476
-1,673

-1,370
-1,769

1,470
2,812
-1,342

5,310
6,047
-737

1,591
1,713
-122

1,140
1,944
-804

-2,347
-2,039
-308

1,573
2,930
-1,357

2,578
3,989
-1,411

-194
368
-562

Nondurable goods 3
Change in book value
Inventory valuation adjustment.

322
2,113
-1,791

1,468
1,273
195

-210
-974
764

2,684
-1,990

2,562
2,430
132

272
-528
800

-70
102

-235
-221
-14

1,053
1,078
-25

1,179
1,448

-128
274
-402

-21
1,084
-1,105

566
706
-140

4
-401
405

1,356
2,458
-1,102

308
604
-296

203
-103

282
244

1,115
1,195
-80

434
1,062

-183

1
322

Durable goods 4
Change in book value
Inventory valuation adjustment..

138
369
-231

470
828
-358

-103
-158
55

785
1,144
-359

554
718
-164

34
168
-134

48
111
-63

757
1,046

-127
217
-344

29
214
-185

Nondurable goods *
Change in book value
Inventory valuation adjustment-

-159
715
-874

96
-122
218

107
-243
350

571
1,314
-743

-246
—114
-132

627
273
354

66
35
31

234
133
101

358
149
209

561
845
-284

-212
0
-212

603
2,249
-1,646

1,229

-358
-899
541

2,131
3,351
-1,220

39
526
-487

-36
-255
219

405
645
-240

144
215
-71

2,092

1,777
-548

2,294
-202

863

1,226
-447

Durable goods <
Change in book value
Inventory valuation adjustment.

1,176
1,435
-259

741
1,125
-384

-357
27

1,376
1,641
-265

220
485
-265

-127
-89
-38

345
471
-126

-245
-118
-127

1,066
1,357
-291

-317
48

679
914
-235

Nondurable goods *
Change in book value
Inventory valuation adjustment-

-573
814
-1,387

488
652
-164

-28
-542
514

755
1,710
-955

-181
41
-222

91
-166
257

174
-114

1,026
937

500
815
-315

100
312
-212

266
923
-657

-90
306
-396

-275
-485
210

349
754
-405

838
976
-138

-4
33
-37

-609
-489
-120

333
56
27
39
-12

-347
-77
-270

701
908
-207

527
558
-31

1,240

By industry
Manufacturing
Change in book value
Inventory valuation adjustment.

Wholesale trade
Change in book value
Inventory valuation adjustment-

Retail trade
Change in book value
Inventory valuation adjustment-

Other
Change, in book value
Inventory valuation adjustment.

815
2,081
-1,266

2,048
4,094
-2,046

586
980
-394

*Eevised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Consists of the domestic activities of all entities filing corporate tax returns, mutual
financial institutions, private noninsured pension funds, cooperatives subject to Federal
income taxes, nonprofit organizations serving business, Federal Reserve banks, and federally
sponsored credit agencies.
2. Consists of the business activities reported on the individual income tax return in Schedule C—Profiit (or loss) from Business or Profession and in Schedule E—Supplemental
Income Schedule; all entities filing partnership income returns; tax-exempt cooperatives; and
owner-occupied nonfarm dwellings and buildings owned by non-profit institutions serving
individuals, which are considered to be business establishments selling their current
services to their owners.




100

-304
-272
-32

183

214
-397

779

3. Classified as durable or nondurable by type of product produced by the establishment
holding the inventory.
4. Classified as durable or nondurable by type of product sold by the establishment holding the inventory.
NOTE.—Beginning with 1972, the inventory valuation adjustment (IVA) shown in this
table differs from that which adjusts business income. The IVA in this table reflects the mix
of methods (first in-first out, last in-first out, etc.) underlying book value inventories derived
primarily from Census Bureau statistics. This mix differs from that underlying business
income derived from statistics tabulated by the Internal Revenue Service and other sources.
Prior to 1972, the two I VA's are the same because information required for separate estimates
is not available. The industry classification is based on the 1967 Standard Industrial Classification beginning with 1948 and on the 1942 Standard Industrial Classification prior to 1948.

173

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Legal Form of Organization and by Industry: Annually, 1946-74
dollars]
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Line

-2,339

5,313

3,471

1,918

5,766

5,172

6,388

8,498

14,480

9,364

7,601

9,235

3,666

5,073

8,832

14,051

11,609

1

-2,028
-311

5,820
-507

3,053
418

1,888
30

5,670
96

5,370
-198

6,979
-591

10,561
-2,063

16,858
-2,378

11,362
-1,998

11,497
-3,896

15,232
-5,997

9,239
-5,573

10,545
-5,472

16,423
-7,591

35.237
-21,186

58,126
-46,517

2
3

-2,537
-2,282
-255

4,353
4,806
-453

2,736
2,409
327

1,975
1,885
90

5,033
4,895
138

4,416
4,569
-153

5,546
6,089
-543

7,275
9,140
-1,865

13,141
15,239
-2,098

8,878
10,622
-1,744

6,930
10,377
-3,447

8,442
13,968
-5,526

3,495
8,562
-5,067

3,796
8,825
-5,029

7,661
14,504
-6,843

12,585
31,933
-19,348

11,566
53,941
-42,375

4
5
6

198
254
-56

960
1,014
-54

735
644
91

-57
3
-60

733
775
-42

756
801
-45

842
890
-48

1,223
1,421
-198

1,339
1,619
-280

486
740
-254

671
1,120
-449

793
1,264
-471

171
677
-506

1,277
1,720
-443

1,171
1,919
-748

1,466
3,304
-1,838

43
4,185
-4,142

7
8
9

-2,071
-1,865
-206

2,131
2,479
-348

1,220
1,022
198

1,449
1,264
185

3,437
3,265
172

1,863
1,981
-118

3,100
3,421
-321

3,694
4,775
-1,081

8,476
9,498
-1,022

5,839
6,699
-860

4,264
6,080
-1,825

4,602
7,702
-3,100

1,192
3,773
-2,581

-1,668
1,374
-3,042

2,113
5,608
-3,495

6,242
16,389
-10,147

8,331
31,956
-23,625

10
11
12

-2,033
-1,712
-321

1,166
1,597
-431

735
465
270

397
278
119

2,227
2,075
152

1,251
1,373
-122

2,292
2,715
-423

3,276
3,762
-486

6,513
7,352
-839

4,281
5,108
-827

2,712
4,064
-1,352

3,471
5,766
-2,295

310
2,532
-2,222

-2,349
-168
-2,181

2,232
3,908
-1,676

6,328
10,984
-4,656

4,579
19,983
-15,404

13
14
15

-38
-153
115

965
882
83

485
557
-72

1,052
986
66

1,210
1,190
20

612
608
4

808
706
102

418
1,013
-595

1,963
2,146
-183

1,558
1,591
-33

1,552
2,025
-473

1,131
1,936
-805

882
1,241
-359

681
1,542
-861

-119
1,700
-1,819

-86
5,405
-5,491

3,752
11,973
-8,221

16
17
18

-12
18
-30

1,470
1,468
2

477
425
52

591
581
10

788
781
7

1,482
1,448
34

1,025
1,110
-85

1,145
1,594
-449

2,704
3,110
-406

1,546
1,828
-282

909
1,638
-729

1,512
2,577
-1,065

2,024
2,776
-752

1,426
2,436
-1,010

2,222
3,907
-1,685

2,744
7,627
-4,883

3,893
11,013
-7,120

19
20
21

-43
34
-77

769
893
-124

552
386
166

300
314
-14

640
581
59

692
716
-24

713
825
-112

876
966
-90

1,722
2,013
-291

698
996
-298

923
1,404
-481

1,214
1,752
-538

698
1,270
-572

1,228
1,814
-586

1,503
2,018
-515

1,274
2,805
-1,531

2,861
6,888
-4,027

22
23
24

31
-16
47

701
575
126

-75
39
-114

291
267
24

148
200
-52

790
732
58

312
285
27

269
628
-359

982
1,097
-115

848
832
16

-14
234
-248

298
825
-527

1,326
1,506
-180

198
622
-424

719
1,889
-1,170

1,470
4,822
-3,352

1,032
4,125
-3,093

25
26
27

-242
-195
-47

1,173
1,203
-30

1,592
1,524
68

-695
-522
-173

1,567
1,657
-90

1,329
1,429
-100

1,620
1,681
-61

2,888
3,255
-367

2,935
3,596
-661

304
951
-647

2,027
2,992
-965

2,122
3,321
-1,199

-372
1,144
-1,516

4,656
5,385
-729

2,711
4,503
-1,792

3,903
7,929
-4,026

-1,264
8,395
-9,659

28
29
30

-702
-654
-48

430
512
-82

1,082
900
182

-1,009
-862
-147

671
701
-30

676
739
-63

634
719
-85

1,882
1,893
-11

1,724
1,960
-236

-425
61
-486

1,470
1,886
-416

1,004
1,448
-444

-1,193
-366
-827

2,885
3,133
-248

1,556
2,199
-643

2,405
3,547
-1,142

21
4,653
-4,632

31
32
33

460
459
1

743
691
52

510
624
-114

314
340
-26

896
956
-60

653
690
-37

986
962
24

1,006
1,362
-356

1,211
1,636
-425

729
890
-161

557
1,106
-549

1,118
1,873
-755

821
1,510
-689

1,771
2,252
-481

1,155
2,304
-1,149

1,498
4,382
-2,884

-1,285
3,742
-5,027

34
35
36

-14
14
-28

539
670
-131

182
82
100

573
565
8

-26
-33
7

498
512
—14

643
767
-124

771
937
-166

365
654
-289

1,675
1,884
-209

401
778
-377

999
1,632
-633

822
1,546
-724

659
1,350
-691

1,786
2,405
-619

1,162
3,292
-2,130

649
6,762
-6,113

37
38
39




174

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 5.9.—Inventories and Final Sales of Business
[Billions of

I
1

II

III

Inventories 1

IV

I

III

II

1949

1948

1947

1946

Line

I

IV

II

III

IV

I

III

II

IV

73.7

86.9

90.6

81.0

2
3
4
5

Farm
Nonfann
Durable goods .
Nondurable goods

21 8
51.9

25 8
61.1
27 8
33.3

23.4
67.2
30.0
37.1

19.5
61.4
28.0
33.4

6
7
8

Manufacturing
Durable goods
Nondurable goods

26 7

31.8
14.9
16 9

34.8
16.0
18.8

31.0
14.6
16.5

9
10
11

Wholesale trade. _
Durable goods
Nondurable goods

9.6

10.6
57
4.9

11.3
6.1
5.2

10.9
5.9
5.0

12
13
14

Retail trade
Durable goods _.
Nondurable g o o d s . . .

11 9

14 1
5.8
8.3

16.1
6.4
9.7

15.0
6.2
8.8

15

Other

16
17
18

.

Final sales

4.9

4.4

235.7

234.6

.384

.396

.384

.345

.270

Ratio of inventories to final s a l e s . . .
Nonfarm K

.278

.285

.262

1956
I
Inventories !

II

1957
III

..

2
3
4
5

Farm
.
Nonfarm
. .
Durable goods
Nondurable goods

6
7
8

Manufacturing.. _
Durable goods
Nondurable goods

9
10
11
12
13
14

Retail trade
Durable goods
Nondurable goods .

15

Other

IV

I

III

II

1959

1958

rv

I

II

III

126.7

121.8

Wholesale trade
Durable goods
Nondurable goods

IV
128.9

III

IV

131.7

131.2

132.3
23.6
108.7
58.3
50.4

I

II

129.1

18.3
103.5
54.3
49.1

24.7
104.4
56.2
48.2

24.5
107.2
58.3
48.9

57.9
34.2
23.7

56.0
32.4
23.6

55.7
33.4
22.3

56.9
34.4
22.5

56.5
33.9
22.6

57.5
34.6
22.9

16.9
9.4
7.5

16.9
9.5
7.5

16.7
9.5
7.2

17.3
9.9
7.4

17.4
9.8
7.6

18.0
10.1
7.9

22.9
9.5
13.4

.

24.9
103.9
54.4
49.5

16.7
9.3
7.4

.

20 9
105.8
56.1
49.6

24.1
107.1
57.6
49.5

57.5
33.6
23.8

. . . .

24.0
10.4
13.6

24.1
10.4
13.7

24.5
10.8
13.7

25.2
11.4
13.9

25.3
11.3
14.0

25.3
11.0
14.3

. . .

Ratio of inventories to final sales
Nonfarm 3

6.9

6.9

7.6

7.8

7.8

8.0

392.7

405.0

414.4

421.4

427.4

426.7

.323

Final sales K

17

6.4
377.0

16

18

4.6
219.6

192.0

Line

1

*

3.7
2

.323

.318

.312

.313

.307

.310

.269

.257

.252

.254

.251

.255

.274
1966

Line
I

II

1968

1967
III

IV

I

II

III

IV

I

II

III

IV

1

Inventories J

177.3

181.9

185.9

189.1

191.4

194.3

197.6

202.2

205.6

208.7

212.2

215.3

2
3
4
5

Farm
Nonfarm
Durable goods . .
Nondurable goods

30.6
146.7
80.7
66.0

30.4
151.5
84.0
67.4

30.5
155.4
86.7
68.7

28.9
160.2
90.2
70.0

28.1
163.3
92.1
71.3

29.1
165.3
93.0
72.3

29.0
168.6
95.2
73.4

29.2
173.0
98.1
74.9

29.9
175.7
99.9
75.7

30.2
178.5
101.8
76.7

30.6
181.7
103.7
78.0

30.4
184.9
105.9
79.0

6
7
8

Manufacturing
Durable goods
Nondurable goods

75.6
46.8
28.7

78.2
48.7
29.5

80.8
50.9
29.9

83.4
53.2
30.3

86.0
55.0
31.0

87.5
56.1
31.4

88.8
57.1
31.7

91.1
58.9
32.2

92.1
59.7
32.4

93.5
60.5
33.0

95.5
61.8
33.6

97.4
63.2
34.2

9
10
11

Wholesale trade .
Durable goods
Nondurable goods

24.9
14.6
10.3

25.5
15.1
10.5

26.2
15.4
10.8

27.2
16.0
11.1

27.7
16.3
11.4

27.7
16.4
11.4

28.4
16.7
11.7

29.2
17.2
12.0

29.4
17.3
12.1

30.0
17.7
12.3

30.5
18.2
12.3

30.9
18.6
12.3

12
13
14

Retail trade
Durable goods
Nondurable goods

35.4
15.6
19.8

36 8
16.6
20.2

37.2
16.6
20.6

38.0
17.1
21.0

38.0
16.9
21.1

38.1
16.6
21.5

38.6
17.0
21.7

39.2
17.3
21.9

40.0
17.6
22.4

40.9
18.3
22.5

41.3
18.5
22.9

42.2
19.0
23.1

15

Other

10.9

11.0

11.2

11.6

11.6

12.0

12.8

13.5

14.2

14.1

14.3

14.4
757.6

16
17
18

Final sales

2

.

Ratio of inventories to final sales
Nonfann 3

.

624.8

632.4

642.4

647.5

656.2

668.3

677.8

688.0

710.7

726.1

743.5

.284

.288

.289

.292

.292

.291

.292

.294

.289

.287

.285

.284

.246

.244

.244

.235

.240

.242

.247

* Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change




.249

.247

.249

.251

.247

in business inventories (CBI) component of G N P . The former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.

175

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Seasonally Adjusted Quarterly Totals, 1946-74
dollars]
1950
I

1951
III

II

IV

I

II

1952
III

IV

I

II

III

IV

I

II

1955

1954

1953
III

IV

I

Line
III

II

I

IV

II

III

IV

98.8

112.1

109 4

110 1

107.2

112.1

1

24.2
74.6
34.6
40.0

26.5
85.6
41.0
44.6

23.1
86.3
42.8
43.5

21.6
88.5
45.5
43.0

20.5
86.7
43.5
43.2

17.6
94.6
48.7
45.9

2
3
4
5

37.4
18.0
19.4

46.2
23.6
22.6

47 3
25 5
21 7

49.3
27 8
21 5

47 0
25.7
21.2

51.4
29.0
22.4

6
7
8

13.4
7.3
6.1

14.0
7.6
6.4

14 0
77
6.3

14.2
78
6.4

14.5
8.0
6.5

15.6
8.7
7.0

9
10
11

18.6
7.7
10.9

19.2
7.9
11.3

18.8
77
11.1

19 5
8.2
11.2

19.7
8.1
11.6

21.9
9.3
12.6

12
13
14
15

5.2

6.2

6.2

5.5

5.6

5.6

259.8

295.6

313.3

325.8

330.1

356.5

16

.380

.379

.349

338

.325

.315

17

.287

.290

.275

.272

.263

.265

18

1960

1961

1962

1965

1964

1963

Line
IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

136.1

136.3

136.7

136.2

135.5

134.9

136.9

138.4

140.8

142.1

144.7

145.2

146.0

147.9

149.9

151.5

152.5

153.5

155.8

157.6

161.4

165.9 168.6 172.7

1

24.5
111.6
60.6
51.0

24.0
112.2
60.7
51.6

24.4
112.3
60.4
51.9

24.8
111.3
59.6
51.8

24.9
110.5
58.4
52.2

24.2
110.7
58.2
52.5

24.9
112.1
58.8
53.2

25.0
113.4
59.5
53.9

25.6
115.2
60.8
54.4

25.4
116.7
61.5
55.1

26.5
118.3
62.5
55.7

26.6
118.6
62.7
55.9

26.4
119.6
63.3
56.4

26.7
121.3
64.3
57.0

26.9
123.0
65.3
57.7

26.9
124.6
66.0
58.6

26.6
125.9
67.1
58.8

26.0
127.5
68.3
59.2

26.1
129.7
69.5
60.2

25.7
131.8
70.9
60.9

26.6
134.8
73.0
61.8

28.2 28.0 29.7
137.7 140.6 143.0
75.2 77.3 78.3
62.5 63.3 64.8

2
3
4
5

58.6
35.5
23.1

58.9
35.5
23.4

58.9
35.3
23.6

58.1
34.6
23.5

57.8
34.0
23.8

57.9
33.9
23.9

58.6
34.4
24.2

59.5
35.0
24.5

60.6
36.0
24.7

61.4
36.4
25.0

62.3
36.8
25.5

62.5
36.9
25.6

62.8
37.2
25.6

63.8
38.0
25.8

64.3
38.4
26.0

64.8
38.5
26.3

65.3
39.0
26.3

65.6
39.4
26.1

66.5
40.2
26.4

68.5
41.6
26.9

69.2
42.2
27.1

70.6
43.4
27.2

72.3
44.8
27.5

73.7
45.4
28.2

6
7
8

18.5
10.6
7.8

18.6
10.7
8.0

18.5
10.6
7.9

18.4
10.5
5.9

18.5
10.4
8.1

18.6
10 4
8.2

18.9
10.7
8.2

19.0
10.8
8.2

19.2
11.0
8.2

19.5
11.1
8.4

19.6
11.3
8.3

19.7
11.3
8.3

19.8
11.5
8.4

20.3
11.8
8.5

20.8
12.0
8.8

21.2
12.1
9.1

21.4
12.2
9.2

21.7
12.5
9.2

22.0
12.7
9.4

22.3
12.9
9.4

23.1
13.4
9.7

23.5
13.6
9.9

23.9
13.9
10.0

24.0
13.9
10.1

9
10
11

26.5
11.8
14.7

26.7
12.0
14.7

26.8
12.0
14.9

26.8
11.9
14.9

26.0
11.3
14.7

25.9
11.2
14.7

26.3
11.2
15.1

26.3
11.0
15.2

26.7
11.1
15.6

27.0
11.2
15.8

27.7
11.6
16.1

27.9
11.7
16.2

28.1
11.7
16.4

28.3
11.7
16.6

28.9
12.0
16.9

29.4
12.5
16.9

29.9
12.9
17.0

30.6
13.2
17.4

31.5
13.7

31.1
13.2

17.8

17.8

32.3
14.1
18.3

33.1
14.5
18.6

33.7
14.9
18.8

34.4
15.1
19.3

12
13
14

8.0

8.0

8.0

8.1

8.2

8.3

8.4

8.7

8.6

8.7

8.7

8.6

8.8

8.9

9.0

9.2

9.3

9.6

9.7

9.9

10.5

10.7

10.9

15

434.0

439.3

439.6

442.1

443.6

449.6

453.8

465.3

473.0

482.2

487.7

492.7

497,9

505.3

514.7

524.2

534.8

541.7

579.6 592.3 610.7

16

.314

.310

.311

.308

.305

.300

.302

.297

.298

.295

.297

.295

.293

.293

.291

.289

.285

.283

.257

.256

.255

.252

.249

.246

.247

.244

.244

.242

.243

.241

.240

.240

.239

.238

.235

.235

1969

1970

1971

1972

550.1

553.1

.283

.285

.236

.238

10.2
565.9

II

.285

.286

.285

.283

17

.238

.238

.237

.234

18

1974*

1973*

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

220.5

225.8

230.7

236.2

238.2

240.7

243.2

244.2

249.3

253.7

257.0

261.9

265.1

271.2

277.8

288.6

304.2

317.8

333.4

353.6

371.7

31.3
189.2
108.6
80.6

32.6
193.2
110.7
82.5

32.1
198.6
114.4
84.2

33.4
202.8
117.3
85.5

33.4
204.9
118.2
86.6

33.1
207.6
119.7
87.9

32.6
210.6
121.2
89.4

31.7
212.5
121.2
91.3

33.9
215.4
122.7
92.8

34.2
219.5
125.3
94.1

34.4
222.6
127.2
95.4

36.8
225.1
127.9
97.2

37.5
227.6
129.1
98.4

39.6
231.6
131.2
100.4

40.8
237.0
133.7
103.3

44.6
243.9
138.1
105.8

50.7
253.6
143.2
110.3

56.1
261.7
147.5
114.2

62.0
271.4
152.6
118.8

64.1
289.5
162.1
127.4

63.2
308.5
172.2
136.3

99.6
64.8
34.8

102.0
66.6
35.4

104.9
68.8
36.1

107.1
70.6
36.5

108.6
71.8
36.9

109.6
72.4
37.2

110.2
72.8
37.4

110.8
73.0
37.8

110.9
72.6
38.3

112.4
73.7
38.7

112.9
73.8
39.1

113.6
73.7
39.9

114.2
74.1
40.1

115.4
74.9
40.5

117.9
76.5
41.5

120.4
78.1
42.3

125.3
81.3
44.0

129.0
83.6
45.4

134.5
87.2
47.3

143.7
93.4
50.3

31.6
19.1
12.6

32.4
19.6
12.8

33.1
20.1
13.0

33.8
20.6
13.2

34.4
20.9
13.5

35.0
21.2
13.8

35.9
21.7
14.2

36.8
22.0
14.8

37.0
22.3
14.7

37.8
22.9
14.9

38.4
23.3
15.1

39.4
24.0
15.4

39.9
24.3
15.6

40.7
24.9
15.8

42.3
25.4
16.8

43.6
26.2
17.4

45.7
27.2
18.6

47.4
28.0
19.4

49.3
28.4
20.9

43.2
19.6
23.6

43.6
19.3
24.3

44.9
20.1
24.8

45.9
20.6
25.2

45.6
20.3
25.3

46.5
20.7
25.8

47.4
21.2
26.2

47.1
20.4
26.8

49.3
21.8
27.6

50.6
22.6
28.0

52.5
23.9
28.6

52.9
23.9
29.0

53.8
24.1
29.7

55.0
24.4
30.6

55.8
24.5
31.3

58.0
26.1
32.0

59.8
26.6
33.2

61. &
27.6
34.3

14.8

15.2

15.7

16.1

16.2

16.6

17.0

17.7

18.2

18.6

18.8

19.2

19.7

20.5

21.0

21.8

22.6

23.4

772.0

783.6

794.8

804.5

814.2

822.7

834.5

839.4

865.3

881.0

900.8

915.2

945.9

967.9

.286

.288

.290

.294

.293

.292

.291

.291

.288

.288

.285

.286

.280

.280

.282

.283

.287

.245

.247

.250

.252

.252

.252

.252

.253

.249

.249

.247

.246

.241

.239

.240

.239

.239

3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Inventories are classified as durable or nondurable as follows: For manufacturing,
by the type of product produced by the establishment holding the inventory; for trade, by the




III

Line

III

IV

387.7

413.9

422.3

1

57.2
330.5
185.6
144.9

61.0
353.0
197.3
155.6

57.6
364.8
205.4
159.3

2
3
4
6

154.9
100.8
54.2

168.3
109.8
58.5

181.6
117.3
64.3

188.6
121.2
67.4

6
7
8

52.8
30.0
22.8

57.0
31.9
25.1

60.7
34.5
26.2

64.6
37.0
27.6

66.3
38.6
27.7

9
10
11

63.3
28.5
34.8

67.0
29.9
37.1

68.4
30.2
38.2

70.8
31.1

74.6
32.6
42.0

76.5
35.1
41.4

12
13
14

24.3

26.0

28.2

32.2

33.4

15

1,198.7 1,202.7
1,166.5 1
.345
.351
.326
.332
.294
.303
.271
.283

17

986.5 1,019.9 1,059.9 1,077.1 1,104.3 1,119.6 1,139.4
.295

.302

.316

.243

.246

.259

39.7
30.6

16

18

type of product sold by the establishment holding the inventory; for construction, durable;
and for other nonfarm industries, nondurable. The industry classification is based on the 1967
Standard Industrial Classification beginning with 1948 and on the 1942 Standard Industrial
Classification prior to 1948.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

176

Table 5.10.—Inventories and Final Sales of Business in
[Billions of
1947

1948

1949

Line
I
Inventories l

1
2
3
4
5

II

..._,.

.

I

II

III

.

20.5
9.3
11.2

Final sales 2

.

397.2

Ratio of inventories to final sales

.

Retail trade
Durable goods

15

Other

.

.

.

.
..

27 5
102 7
54 6
48.0
51 8
30 8
21.0

15.0
8.9
6.2

17 0
10 1
6.8

22.5
10.4
12.1

22.0
10.0
12.0

25 2
11 8
13.4

.

8.6
.

.299

7.8

412.0

J

.301

I

.

8.7

415.1

442.6

.288

.236

.

.294

.225

.

1958

1957
III

IV

l

130 2

•

I

III

II

.232

1959

Line
II

IV

15.0
9.0
6.0

.234

I

III

48.6
28.4
20.2

8.7

Nonfarm 3

II

26.2
93.5
48.3
45.2

.

12
13
14

.

I

119.7

26.7
97.3
52.0
45.4

13.8
8.0
5.8

. .

IV

124.1

51.3
30.8
20.5

.

Wholesale trade
Durable goods
Nondurable goods

18

IV
.

25.7
93.0
50.5
42.5

.
.

9
10
11

17

III

II

49.9
31.2
18.7

Manufacturing
Durable goods

16

I

118.6

.

Farm
Nonfarm
Durable goods
Nondurable goods

6
7
8

IV

III

1950

I

IV

II

III

IV

1

Inventories

162.6

160.8

162.0

165 2

165.2

167.2

2
3
4
5

Farm
. . . . .
Nonfarm
Durable goods
Nondurable goods

31.4
131.2
73.5
57.8

32.4
128.4
70.0
58.3

32.4
129.6
71.1
58.5

32.4
132.8
73.4
59.4

32.4
132.8
72.5
60.3

32.4
134.8
73.3
61.5

6
7
8

Manufacturing- .
Durable goods
Nondurable goods

71.1
45.0
26.1

68.6
42.5
26.1

69.2
42.9
26.2

70.4
43 9
26.5

70.0
43.3
26.7

71.1
43.9
27.2

9
10
11

Wholesale trade
Durable goods
Nondurable goods . . .

20.3
11.6
8.8

20.3
11.5
8.8

20.5
11.7
8.7

21.2
12.3
8.9

21.4
12.1
9.3

22.1
12.4
9.7

12
13
14

Retail trade .
Durable goods
Nondurable goods

30.0
13.9
16.1

29.7
13.0
16.7

30.0
13.2
16.8

30.9
13.8
17.1

31.1
13.8
17.3

31.1
13.5
17.6

15

Other

16
17
18

.

. .

9.8

Ratio of inventories to final sales

10.0

10.3

10.3

10.5

577.2

586.8

593.9

598.8

596.8

.288

.279

.276

.278

.276

.280

.232

.

Nonfarm 3 _

9.8

565.3

Final sales 2

.222

.221

.224

.222

.226

1966

Line

1968

1967
III

IV

II

237.7

239.3

242.2

244.5

246.4

36.8
200.9
115.2
85.7

36.9
202.3
116.2
86.1

37.0
205.3
118.3
87.0

37.0
207.5
119.5
88.1

37.0
209.4
120.8
88.6

104.6
68.5
36.1

105.9
69.6
36.3

106.2
69.8
36.4

108.0
71.0
36.9

109.6
72.0
37.6

110.7
72.7
38.0

32.6
19 4
13.2

33.2
19 6
13.6

33.9
19.9
13.9

33.8
19.9
13.9

34.4
20.3
14.0

34.7
20.6
14.0

34.9
21.0
13.9

44 1
19.4
24.7

44 4
19.6
24.8

44.8
19.7
25.0

45.3
20.0
25.3

46.0
20.7
25.3

46.2
20.7
25.5

47.0
21.2
25.7

II

212.3

216.8

220.6

225.7

229.3

231.2

234.3

36.5
175.9
99.1
76.8

36.4
180.4
102.2
78.2

36.3
184.3
105.2
79.1

36.0
189.7
108.8
80.8

36 1
193.3
110 7
82.6

36 2
195.0
111 6
83.4

36.5
197.8
113.1
84.6

Manufacturing
Durable goods
Nondurable goods .

90.6
57.9
32.7

93.2
59.7
33.5

96 0
62.2
33.8

99.0
64.5
34.5

102 0
66.6
35.4

103 5
67.7
35.8

9
10
11

Wholesale t r a d e Durable goods
Nondurable goods

29.6
17.7
11.9

30.2
18.1
12.1

30.8
18 5
12.4

32.0
19.1
12.9

32.7
19 4
13.3

12
13
14

Retail trade
Durable goods
Nondurable goods

41.9
18.7
23.2

43.2
19.7
23.5

43 6
19.7
23.8

44.4
20.2
24.2

44 3
19 9
24.4

15

Other

1
2
3
4
5
6
7
8

16
17
18

Inventories 1
Farm
Nonfarm
_.
Durable goods
Nondurable goods

Final s a l e s 2 . .
Ratio of inventories to final sales....
Nonfarm 3




II

III

IV

III

13.7

13.7

13.9

14.3

14.3

14.7

15.6

16.3

17.0

16.9

17.1

16.8

801.4

801.9

810.1

809.2

814.3

827.6

832.2

837.2

854.3

863.2

877.6

882.8

.265

.270

.272

.279

.282

.279

.281

.284

.280

.281

.279

.279

.219

.225

.227

.234

.237

.236

.238

.240

.237

.238

.236

.237

* Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

I

IV

I

I

1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from
this table are at quarterly rates, whereas the constant-dollar change in business inventories
components of U N P is stated at annual rates.
2. Quarterly totals at annual rates.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

177

Constant Dollars: Seasonally Adjusted Quarterly Totals, 1947-74
1972 dollars]

I

1955

1956
Line

III

II

1954

1953

1952

1951
IV

I

III

II

IV

I

III

II

IV

I

II

III

IV

II

I

III

IV

I

II

III

IV

143.9

148.2

149.7

147.5

155.3

161.1

1

29 1
114 8
64.5
50.3

30.4
117.9
66.2
51.7

30.2
119.6
67.6
51.9

31.1
116.5
64.0
52.4

31.5
123.7
68.2
55.5

30.7
130.3
72.0
58.4

2
3
4
5

62.5
38.7
23.8

65.2
41.1
24.1

66.9
42.8
24.1

63.3
39.5
23.8

66.7
41.6
25.2

71.6
44.9
26.6

6
7
8

17 5
10.9
6.6

17.9
10.5
7.4

18.1
10.6
7.5

18.4
10.5
7.8

19 9
11.6
8.3

20.5
11.5
9.0

9
10
11

25.3
12.1
13.2

25.3
11.9
13.4

25.8
12.4
13.5

26.0
12.0
14.0

28.7
13.5
15.3

29.0
13.1
16.0

12
13
14

9.5

9.6

8.7

8.8

8.4

9.2

15

476.5

499.1

516.2

517.0

547.4

557.6

16

.302

.297

.290

.285

.284

.289

17

.241

.236

.232

.225

.226

.234

18

1960

1962

1961

1963

1964

1965
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

170.6

171.8

172.6

171.6

170.7

171.1

172.8

174.5

177.1

179.4

181.4

182.6

184.5

186.3

188.6

190.4

191.9

193.9

195.7

197.7

201.0

203.7 206.8 209.0

1

36.2
172.8
96.9
75.9

2
3
4
5

II

III

IV

32.5
138.1
76.2
61.9

32.5
139.3
76.8
62.5

32.7
139.9
77.0
62.8

32.8
138.8
76.2
62.7

32.9
137.8
74.6
63.2

32.9
138.2
74.1
64.1

33.1
139.7
75.0
64.7

33.2
141.2
76.1
65.2

33.5
143.6
77.8
65.8

33.8
145.6
78.8
66.8

34.1
147.3
80.1
67.1

34.5
148.1
80.5
67.6

34.8
149.7
81.3
68.4

35.2
151.1
82.4
68.7

35.4
153.1
83.3
69.8

35.7
154.7
83.9
70.8

35.6
156.3
85.0
71.3

35.4
158.5
86.3
72.1

35.2
160.5
87.5
73.0

35.1
162.6
88.9
73.7

35.2
165.8
91.4
74.4

72.4
45.2
27.3

72.9
45.4
27.5

73.3
45.5
27.8

72.4
44.7
27.7

72.1
44.0
28.1

72.3
43.8
28.6

73.1
44.4
28.7

74.2
45.2
29.0

75.7
46.6
29.1

76.9
47.3
29.6

77.9
47.9
30.0

78.4
48.1
30.3

79.1
48.7
30.4

79.8
49.4
30.4

80.4
49.7
30.7

80.8
49.7
31.1

81.3
50.1
31.2

81.8
50.6
31.2

82.6
51.2
31.4

84.7
52.7
32.0

85.4
53.4
32.0

86.4
54.6
31.8

87.9
56.0
31.9

89.1
56.7
32.4

6
7
8

22.7
13.1
9.5

22.9
13.3
9.7

22.8
13.3
9.5

22.7
13.1
9.6

22.9
13.1
9.9

23.1
13.0
10.1

23.3
13.3
10.0

23.4
13.5
9.9

23.8
13.7
10.0

24.2
14.0
10.2

24.1
14.1
10.0

24.3
14.3
10.1

24.6
14.4
10.2

25.1
14.8
10.3

25.7
15.0
10.7

26.2
15.1
11.1

26.4
15.2
11.2

26.9
15.5
11.4

27.1
15.7
11.4

27.5
16.0
11.5

28.3
16.5
11.7

28.5
16.7
11.8

28.9
17.0
11.9

28.9
17.1
11.8

9
10
11

32.5
14.5
18.0

32.8
14.8
18.1

33.1
14.9

33.0
14.8
18.2

31.9
14.0
17.9

31.8
13.8
18.0

32.2
13.7

32.2
13.6
18.6

32.7
13.7
19.0

33.0
13.7
19.3

33.7
14.2
19.5

34.0
14.4
19.6

34.4
14.4
20.0

34.5
14.3
20.2

35.1
14.7
20.4

35.7
15.2
20.4

36.3
15.7
20.7

37.2
16.0
21.2

38.1
16.6
21.6

37.6
16.0
21.6

39.0
17.0
22.0

39.7
17.5
22.2

40.4
18.0
22.4

41.0
18.2
22.8

12
13
14

10.5

10.6

10.7

10.8

10.9

13.6

13.7

13.8

15

604.7

609.0

609.0

612.0

618.9

757.2 769.4 791.3

16

.282

.282

.282

.279

.277

.228

.229

.228

.225

18.2
10.6
607.2
.284
.230

18.4
11.1
622.3
.278

.223

1969

.225

35.5 35.9
168.2 170.9
93.6 95.9
74.5 75.0

11.4

11.4

11.5

11.5

11.4

11.6

11.8

11.9

12.0

12.2

12.6

12.6

12.8

13.2

636.6

644.0

654.3

660.4

664.2

668.9

679.0

689.9

699.3

712.8

720.4

728.4

730.7

742.6

.274

.275

.275

.276

.273

.272

.269

.269

.271

.271

.269

.269

.264

17

.223

.222

.222

.218

18

.221

.223

.274
.223

1970

.275
.223

.223

.224

.274
.223

.222

.221

.219

.269
.220

1972

1971

.220

.223

1974*

1973*

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

248.9

251.9

255.3

257.0

257.7

258.9

260.5

261.3

263.3

265.8

267.0

267.9

269.1

271.7

274.7

277.4

280.3

283.8

287.3

293.4

296.5

298.2 299.3 301.1

1

37.1
211.8
122.0
89.7

37.2
214.7
124.1
90.7

37.3
218.0
126.3
91.7

37.3
219.7
127.6
92.1

37.5
220.3
127.6
92.7

37.6
221.3
127.6
93.7

37.6
222.9
128.6
94.3

37.7
223.6
127.7
95.9

38.2
225.1
128.2
96.8

38.5
227.2
129.6
97.7

38.9
228.1
129.8
98.3

39.2
228.8
129.5
99.2

39.4
229.8
129.9
99.9

39.6
232.1
131.3
100.8

39.7
235.0
132.8
102.2

39.8
237.6
135.7
101.8

40.2
240.1
137.4
102.7

40.9
242.9
139.7
103.2

41.6
245.7
142.5
103.2

42.2
251.2
145.7
105.5

42.4
254.2
147.2
106.9

42.2 41.8 41.4
256.1 257.5 259.7
147.7 148.8 151.5
108.3 108.6 108.2

2
3
4
5

111.9
73.6
38.4

113.5
75.0
38.6

115.0
75.9
39.1

115.8
76.6
39.2

116.5
77.1
39.4

116.6
76.8
39.8

116.8
77.0
39.7

117.1
77.0
40.1

116.4
76.1
40.3

116.7
76.3
40.5

115.7
75.2
40.5

115.4
74.5
40.8

115.1
74.5
40.7

115.7
75.1
40.7

117.0
76.0
41.0

117.5
76.8
40.7

118.7
78.0
40.8

119.9
79.1
40.8

121.4
81.0
40.4

123.6
82.8
40.8

125.5
84.3
41.2

126.4 127.8 129.5
84.5 85.2 86.3
41.9 42.5 43.2

6
7
8

35.3.
21.2
14.1

35.9
21.8
14.1

36.2
22.0
14.2

36.5
22.3
14.2

37.0
22.5
14.5

37.4
22.6
14.8

38.1
23.0
15.1

38.7
23.1
15.6

38.6
23.2
15.4

39.2
23.6
15.6

39.5
23.9
15.7

40.1
24.3
15.8

40.4
24.5
15.9

40.8
24.9
15.9

41.8
25.3
16.6

42.4
25.8
16.5

42.9
26.2
16.7

43.4
26.6
16.8

43.7
26.6
17.1

45.0
27.2
17.8

46.4
27.8
18.7

47.6
28.5
19.1

47.7
29.0
18.8

48.1
29.5
18.6

9
10
11

47.5
21.5
26.0

47.7
21.3
26.4

48.8
22.1
26.7

49.4
22.5
26.9

48.9
22.0
26.9

49.3
22.1
27.2

49.8
22.4
27.4

49.0
21.2
27.8

50.9
22.4
28.5

52.0
23.2
28.8

53.6
24.4
29.2

53.7
24.2
29.6

54.4
24.2
30.1

55.0
24.4
30.7

55.3
24.4
30.9

56.5
25.7
30.8

57.0
25.8
31.2

57.8
26.5
31.3

58.4
27.2
31.2

60.3
28.0
32.2

59.7
27.5
32.2

59.5
26.9
32.5

59.1
26.8
32.3

59.2
27.9
31.3

12
13
14

20.8

21.3

21.5

21.9

22.2

22.4

22.6

22.7

22.8

22.9

15

984.3 1,007.6 1,032.7 1,030.9 1,037.8 1,030.8 1,027.3 1,026.3 1,020.6 992.5

It

II

III

IV

17.1

17.6

17.9

18.0

17.9

18.0

18.2

18.8

19.1

19.3

19.2

19.5

19.9

20.5

889.4

890.5

891.5

892.2

893.1

892.3

898.8

891.7

908.5

913.2

927.4

935.0

956.1

972.1

.280

.283

.286

.288

.289

.290

.290

.293

.290

.291

.288

.287

.281

.279

.279

.275

.271

.275

.277

.285

.289

.291

.293

.303

17

.238

.241

.245

.246

.247

.248

.248

.251

.248

.249

.246

.245

.240

.239

.239

.236

.233

.236

.237

.244

.247

.250

.252

.262

18

3. Equals ratio of nonfarm inventories to final sales of business. These sales include the small
amount oi final sales by farms.
NOTE.—Inventories are classified as durable or nondurable as follows: For manufacturing,
by the type of product produced by the establishment holding the inventory; for trade, by the




type of product sold by the establishment holding the inventory; for construction, durable;
and for other nonfarm industies, nondurable. The industry classification is based on the 1967
Standard Industrial Classification beginning with 1948 and on the 1942 Standard Industrial
Classification prior to 1948.

178

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

6. Product, Income, and Employment by Industry
Table 6.1—Gross National Product and Its
[Billions of
Ane
1
2
3
4
5
6
7
8

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

232.8

259.1

258.0

286.2

330.2

347.2

366.1

366.3

399.3

420.7

442.8

448.9

486.5

506.0

129.2
69.4
2.1
19.0
1.8
11.3

141.4
82.5
2.1
20.8
-1.2
13.4

141.3
75.9
2.2
22.1
1.0
15.5

154.8
85.6
2.3
24.2
2.0
17.2

181.0
96.5
2.7
26.2
4.0
19.8

195.7
95.1
3.0
28.7
2.7
21.9

209.6
94.5
3.4
30.9
3.3
24.4

208.4
93.0
4.3
30.7
3.0
26.9

224.9
103.6
4.8
33.5
2.5
30.0

243.5
103.6
5.2
36.4
-.8
32.7

256.5
105.1
6.5
39.0
.2
35.5

258.2
103.5
8.0
40.2
1.7
37.3

279.6
115.2
8.8
43.6
-.2
39.6

294.9
112.9
9.8
47.4
-.7
41.8

231.8

257.9

256.9

284.8

328.7

345.7

364.6

364.5

397.3

418.5

440.5

446.6

484.0

503.5

129.1
68.7
1.9
19.0
1.8
11.3

141.4
81.7
1.8
20.8
—1.2
13.4

141.3
75.1
1.9
22.1
1.0
15.5

154.8
84.6
2.0
24.2
20
17.2

181.0
95.3
2.3
26.2
4.0
19.8

195.7
94.0
2.6
28.7
2.7
21.9

209.6
93.4
3.0
30.9
3.3
24.4

208.5
91.6
3.8
30.7
3.0
26.9

225.0
102.0
4.3
33.5
2.5
30.0

243.6
101.7
4.8
36.4
-.8
32.7

256.6
103.2
6.0
39.0
.2
35.5

258.3
101.7
7.4
40.2
1.7
37.3

279.7
113.4
8.1
43.6
-.2
39.6

295.1
110.9
9.1
47.4
—.7
41.8

20.8

24.0

19.5

20.8

23.8

23.2

21.3

20.7

19.9

19.7

19.5

21.9

20.3

21.5

.

3.1
15.8
.3
.7
1.0

3.3
18.4
.3
.7
1.3

3.1
13.7
.4
.8
1.6

3.2
14.4
.4
.8
1.9

3.3
16.9
.5
.9
2.2

3.3
15.9
.6
.9
2.4

3.2
13.9
.6
1.0
2.6

3.1
13.2
.6
1.0
2.8

3.1
12.2
.6
1.0
2.9

3.1
11.8
.7
1.0
3.0

. 3.2
11.4
.8
1.1
3.0

3.4
13.4
.8
1.1
3.2

3.5
11.4
.9
1.2
3.2

3.7
12.2
1.0
1.3
3.3

- -

20.2

23.3

18.8

20.0

22.9

22.2

20.3

19.6

18.8

18.6

18.4

20.7

19.1

20.2

2.8
15.5
.3
.6
1.0

3.0
18.1
.3
.7
1.2

2.8
13.3
.4
.8
1.5

2.8
14.1
.4
.8
1.8

2.9
16.5
.5
.9
2.1

2.9
15.5
.6
.9
2.4

2.7
13.5
.6
.9
2.5

2.6
11.7
.6
1.0
2.8

2.6
11.4
.7
1.0
2.9

2.7
10.9
.7
1.1
2.9

2.9
12.9
.8
1.1
3.0

3.0
11.0
.9
1.2
3.1

3.1
11.8
1.0
1.3
3.1

.6

.7

.7

.8

.9

1.0

1.0

2.6
12.8
.6
.9
2.7
1.0

1.1

1.1

1.1

1.2

1.2

1.2

.3
.3
0
0
0

.3
.3
0
0
0

.3
.3
0
0
.1

.4
.4
0
0
.1

.4
.4
0
0
.1

.4
.4
0
0
.1

.4
.4
0
0
.1

.5
.5
0
0
.1

.5
.5
0
0
.1

.5
.5
0
0
.1

.5
.4
0
0
.1

.5
.4
0
0
.2

.5
.4
0
0
.2

.6
.4
0
0
.2

6.8

9.3

8.1

9.2

10.2

10.1

10.6

10.9

12.3

13.4

13.5

12.4

12.3

12.6

3.1
2.6
0
.3
.8

3.6
4.3
0
.4
1.1

3.2
3.4
0
.4
1.2

3.5
3.9
0
.5
1.3

4.0
4.2
0
.5
1.5

4.1
3.8
0
.6
1.6

4.2
4.0
0
.6
1.8

3.8
4.5
0
.6
2.0

4.2
5.1
0
.6
2.4

4.8
5.4
0
.7
2.6

4.3
4.6
0
.7
2.7

4.4
4.2
.1
.8
2.9

4.4
4.1
.1
.8
3.1

8.9

11.2

11.3

12.7

15.1

16.3

16.8

16.8

18.1

20.1

21.0

20.6

22.3

22.7

6.2
2.3
0
.1
.3

7.5
3.2
0
.2
.4

7.4
3.2
0
.2
.5

8.4
3.5
0
.2
.5

10.5
3.7
0
.3
.6

11.4
3.9
0
.3
.7

12.0
3.7
0
.3
.7

12.2
3.5
0
.3
.8

13.1
3.6
0
.4
1.0

14.6
4.0
.1
.4
1.1

15.0
4.3
.1
.5
1.1

14.8
4.0
.1
.5
1.2

16.2
4.2
.1
.4
1.3

16.8
4.1
.1
.5
1.3

Gross national product
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc.
Statistical discrepancy.
Capital consumption allowances
Gross domestic product

.

-.

9
10
11
12
13
14

Compensation of employees
Profit-type return
Net interest .
Indirect business taxes etc
Statistical discrepancy
Capital consumption allowances

15

Agriculture forestry and fisheries

16
17
18
19
20

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
CaDital consumDtion allowances

21

. . . _ _ - . _ .

Farms

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

. . . ..

Compensation of employees
Profit-type return
Net interest
Indirect business taxes etc
Capital consumption allowances

. . .

..

.

.. .
. . . . .

Agricultural services forestry and fisheries
Compensation of employees
Profit-type return
.
Net interest .
Indirect business taxes etc
Capitalconsumptionallowances _.

_
.

-

-

- -

Mining
Compensation of employees
Profit-type return
Net interest
Indirect business taxes etc
Capital consumption allowances

_. . ._

Contract construction
Compensation of employees
Profit-type return
Net interest
Indirect business taxes etc
Capital consumption allowances.

. . .

66.2

74.8

72.1

83.8

98.7

103.0

112.2

106.4

121.0

126.9

131.5

123.8

140.8

143.9

44.6
13.1
0
6.1
2.4

49.5
16.2
0
6.2
2.9

47.1
15.4
0
6.4
3.2

53.6
19.8
-.1
7.1
3.5

63.7
23.6
—.1
7.5
4.0

68.8
20.8
0
8.6
4.7

76.4
21.0
0
9.2
5.6

72.9
18.4
.1
8.7
6.4

80.0
24.1
0
9.7
7.2

86.4
22.5
0
10.1
7.7

90.2
21.9
.1
10.7
8.6

86.4
17.4
.3
10.6
9.1

95.7
24.2
.3
11.4
9.1

99.4
22.2
.3
12.3
9.7

-

32.7

36.6

35.0

38.1

43.3

44.1

46.3

45.6

50.3

53.2

53.8

54.1

59.8

61.3

. _._

19.5
7.3
0
4.8
1.2

21.9
8.7
0
4.7
1.4

21.5
7.0
0
4.8
1.6

23.5
7.7
0
5.2
1.7

26.0
10.0
0
5.4
1.9

27.3
8.5
0
6.1
2.1

29.2
8.5
0
6.3
2.3

29.3
7.4
.1
6.1
2.7

31.3
9.5
0
6.4
3.1

33.4
9.4
0
7.0
3.3

34.7
8.1
.1
7.3
3.7

34.7
7.6
.1
7.5
4.1

37.6
10.1
.2
7.9
4.0

33.5

38.1

37.1

45.8

55.4

58.9

65.9

60.8

70.6

73.7

77.7

69.7

81.0

38.9
9.7
.1
8.6
4.0
82.5

25.2
5.8
0
1.3
1.3

27.6
7.6
0
1.5
1.5

25.5
8.4
-.1
1.6
1.7

30.1
12.1
-.1
1.9
1.8

37.7
13.6
-.1
2.1
2.2

41.6
12.3
0
2.4
2.6

47.2
12.5
0
3.0
3.2

43.6
11.0
0
2.6
3.7

48.7
14.6
3.3
4.1

53.0
13.1
0
3.1
4.4

55.5
13.8
0
3.4
4.9

51.7
9.8
.1
3.1
5.0

58.2
14.1
.2
3.4
5.2

13.6

15.1

14.5

16.0

18.0

18.8

19.4

18.1

19.9

21.2

21.9

20.9

22.1

60.4
12.5
.2
3.7
5.7
22.5

9.8
1.5
.3
1.2
.9

10.4
2.1
.3
1.3
1.1

9.9
1.8
.3
1.3
1.2

10.5
2.5
.3
1.4
1.2

12.0
2.6
.3
1.6
1.5

12.6
2.5
.3
1.7
1.7

13.2
2.2
.3
1.8
1.9

12.6
1.5
.3
1.7
2.0

13.4
2.1
.4
1.8
2.3

14.5
2.0
.3
2.0
2.4

15.1
1.8
.4
2.1
2.6

14.4
1.5
.4
1.9
2.7

15.5
1.8
.5
1.7
2.7

16.0
1.5
.5
1.8
2.8

9.5
6.5
1.2
.3
.9

9.4
6.5
1.0
.3
.9
.8

8.2
5.9
.4
.3
.8
.9

8.9
6.1
.7
.3
.8
1.0

9.4
6.6
.7
.3
.9
1.0

9.3
6.6
.6
.3
.9
1.0

8.4
6.1
.3
.3
.7
1.0

8.3
6.2
.4
.3
.5
.9

4.8

4.9

5.5

6.0

6.4

6.4

7.2

8.1
6.1
.3
.3
.5
.9
7.4

3.0
.8
0
.5
.5

3.1
.8
0
.5
.5

3.5
.8
0
.6
.6

3.8
.8
0
.6
.7

4.1
.8
.1
.7
.8

4.1
.8
.1
.6
.8

4.7
.9
.1
.6
.9

5.0
.8
.1
.7
.9

Manufacturing

46
47
48
49
50

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances

51

Nondurable goods

52
53
54
55
56
57
58
59
60
61
6?
63

Compensation of employees
Profit-type return .
Net interest
Indirect business taxes, etc
Capital consumption allowances
Durable goods..

-

.

.

Compensation of employees
Profit-type return
Net interest .
Indirect business taxes etc
Capital consumption allowances
Transportation.

64
65
66
67
68

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

69
70
71
74

Railroad transportation
Compensation of employees
Profit-type return .
Net interest
Indirect business taxes, etc
Capital consumption allowances.

7.3
5.4
.5
.3
.7
.3

8.3
5.8
1.0
.3
.8
.4

7.5
5.4
.7
.3
.8
.4

8.3
5.6
1.2
.3
.8
.4

9.2
6.4
1.1
.3
.8
.6

75

Trucking and warehousing

2.4

2.8

3.0

3.5

3.9

n
73
76
77
78
79
80

4.7
5.5
0
.7
2.5 •

Compensation of employees . .
Profit-type return
Net interest .
Indirect business taxes, etc. .
Capital consumption allowances

See footnotes at end of table.



-

. .
. . . . .

.
.

.

1.5
.5
0
.2
.2

1.7
.6
0
.2
.3

1.8
.6
0
.2
.3

2.1
.7
0
.3
.4

2.4
.7
0
.4
.4

.7
4.3
2.7
.7
0
.4
.4

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

179

Components by Industry: Annually, 1947-74
dollars]
1961
Gross national product.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Statistical discrepancy
Capital consumption allowances.

1962

1963

523.3

563.8

594.7

113.3
11.2
50.1
1.6
43.5

325.1
120.1
12.8
53.7
4.0
48.1

342.9
125.7
14.3
57.0
3.7
51.1

1965

1966

635.7

688.1

368.0
134.0
15.9
61.4
2.2
54.2

396.5
148.8
18.5
65.4
.9
58.0

1964

1969

1970

868.5

935.5

982.4 1,063.4 1,171.1 1,306.3

519.8
167.8
26.8
82.2
-.6
72.5

571.4
167.1
30.8
90.2
-3.3
79.3

609.2
155.0
37.5
98.0
-2.1
84.8

1967

196S

753.0

796.3

157.9
21.9
68.4
3.2
62.3

471.9
157.8
24.3
73.4
1.7
67.2

1971

650.3
170.6
42.8
107.7
1.3
90.8

1972

715.1
191.0
47.0
115.7
1.7
100.5

1973*

797.7
218.0
56.3
125.4
.4
108.6

520.2

560.2

591.1

631.4

683.4

748.8

791.8

863.7

931.1

977.8 1,056.8 1,164.1 1,297.3

303.7
110.9
10.4
50.1
1.6
43.5

325.2
117.5
11.7
53.7
4.0
48.1

342.9
123.1
13.2
57.0
3.7
51.1

368.0
130.9
14.7
61.4
2.2
54.2

396.5
145.5
17.1
65.4
.9
58.0

439.2
155.2
20.5
68.4
3.2
62.3

471.9
154.8
22.8
73.4
1.7
67.2

519.8
164.6
25.3
82.2
-.6
72.5

571.3
163.4
30.1
90.2
-3.3
79.3

609.1
151.2
36.8
98.0
-2.1
84.8

650.2
166.0
40.8
107.7
1.3
90.8

715.1
186.2
44.9
115.7
1.7
100.5

797.7
211.2
54.1
125.4
.4
108.6

Agriculture, forestry, and fisheries..

21.5

22.1

22.0

21.1

23.8

24.9

24.3

24.9

27.8

28.7

30.7

35.4

54.1

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

3.9
11.9
1.0
1.4
3.4

4.0
11.9
1.2
1.4
3.5

4.2
11.6
1.2
1.4
3.6

4.3
10.0
1.5
1.5
3.8

4.5
12.2
1.6
1.5
4.1

4.6
12.6
1.8
1.6
4.3

4.7
11.3
2.0
1.7
4.6

5.0
11.1
2.2
1.8
4.8

5.4
13.0
2.4
2.0
5.1

5.7
12.8
2.7
2.1
5.4

5.9
14.2
2.9
2.1
5.6

6.3
17.9
3.1
2.2
5.9

7.3
34.4
3.8
2.3
6.4

Farms.

20.2

20.5

20.5

19.3

22.0

22.9

22.2

22.6

25.2

25.9

27.7

32.0

50.4

3.2
11.5
1.0
1.3
3.2

3.3
11.4
1.1
1.4
3.3

3.4
11.1
1.2
1.4
3.4

3.5
9.4
1.4
1.4
3.6

3.6
11.5
1.6
1.5
3.8

3.6
11.9
1.8
1.6
4.0

3.6
10.6
2.0
1.6
4.3

3.8
10.4
2.2
1.8
4.5

4.0
12.2
2.3
1.9
4.8

4.3
12.0
2.6
2.0
5.0

4.3
13.3
2.8
2.0
5.2

4.5
16.9
3.0
2.1
5.4

5.2
33.5
3.6
2.1
5.9

1.3

1.5

1.5

1.7

1.9

2.0

2.1

2.3

2.6

2.8

3.0

3.3

3.7

.7

.7
.5

.8

.9

.1
.2

1.0
.7
0
.1
.2

1.1
.7
0
.1
.3

1.2
.7
.1
.1
.3

1.3
.8
.1
.1
.3

1.4
.7
.1
.1
.4

1.6
.8
.1
.1
.4

1.7
.9
.1
.1
.5

2.1
.9
.2
.1
.4

Gross domestic product
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Statistical discrepancy
Capital consumption allowances

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.
Agricultural services, forestry, and fisheries..
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
Mining.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances..
Contract construction
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.
Manufacturing
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc..
Capital consumption allowancesNondurable goods
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowancesDurable goods
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowancesTransportation.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.
Railroad transportation
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowancesTrucking and warehousing
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.




.4
0
.1
.2

.1
.2

12.7

12.8

13.0

13.4

.1
.2
13.5

14.1

14.6

15.3

16.1

17.4

17.1

18.9

21.7

4.4
4.3
0
.9
3.1

4.4
4.1
.1
.9
3.3

4.5
4.3
.1
.9
3.3

4.6
4.5
0
.9
3.2

4.8
4.4
0
.9
3.3

5.1
4.5
0
1.0
3.4

5.3
4.6
.1
1.0
3.6

5.6
4.9
.1
1.1
3.6

6.2
4.7
.1
1.2
3.8

6.7
5.2
.1
1.3
4.1

7.0
4.4
.2
1.4
4.1

7.8
4.6
.3
1.6
4.7

8.6
6.2
.6
1.7
4.6

23.5

25.1

26.7

29.1

32.1

35.2

36.8

40.2

45.2

47.4

51.5

56.6

63.1

17.3
4.3
.1
.5
1.3

18.4
4.6
.1
.5
1.3

19.7
4.8
.2
.5
1.5

21.5
5.4
.2
.6
1.5

23.5
6.1
.2
.6
1.7

26.0
6.4
.2
.7
1.8

27.1
6.8
.2
.7
1.9

30.2
6.9
.2
.8
2.2

34.2
7.5
.2
.9
2.4

36.3
7.2
.3
1.0
2.6

39.5
7.9
.4
1.1
2.6

43.0
8.8
.4
1.3
3.0

48.4
9.5
.4
1.4
3.4

143.8

157.5

166.3

178.6

196.3

215.9

221.3

241.8

254.6

250.3

261.5

288.8

317.9

99.6
21.0
.4
12.6
10.2

107.8
23.8
.5
13.4
12.0

112.3
26.6
.5
14.1
12.8

119.8
29.5
.6
15.0
13.7

129.3
35.7
.9
15.6
14.9

144.3
38.7
1.5
15.3
16.1

151.2
34.6
2.2
15.6
17.7

165.1
37.3
2.7
17.4
19.4

178.8
32.4
4.0
18.4
20.9

180.7
22.5
5.9
19.1
22.1

185.0
27.6
5.8
19.8
23.3

203.3
34.9
6.0
19.8
24.8

229.2
35.3
6.5
21.0
25.8

62.6

66.0

69.1

73.8

78.7

85.7

88.0

95.8

101.1

104.8

109.3

116.8

125.5

39.8
9.3
.2
8.9
4.3

42.1
9.3
.3
9.2
5.1

43.5
10.3
5.5

45.9
11.7
.3
10.2
5.8

48.6
12.6
.4
11.0
6.1

52.8
14.6
.6
11.2
6.5

55.6
13.3
.9
11.4
6.8

60.6
14.4
1.2
12.1
7.4

65.6
12.8
1.7
12.9
8.1

68.4
12.1
2.3
13.4
8.6

71.1
12.3
2.6
14.0
9.4

76.5
12.5
2.7
15.0
10.1

83.2
12.8
2.9
15.8
10.7

81.1

91.5

97.2

104.8

117.6

130.1

133.3

146.0

153.5

145.5

152.2

171.9

192.4

59.7
11.7
.2
3.7
5.8

65.7
14.5
.2
4.2
6.9

68.9
16.3
.2
4.5
7.3

73.9
17.9
.3
4.9
7.9

80.7
23.1
.5
4.6
8.8

91.6
24.1
.8
4.0
9.6

95.6
21.2
1.3
4.3
10.9

104.5
22.8
1.5
5.2
12.0

113.3
19.6
2.3
5.6
12.8

112.3
10.4
3.6
5.7
13.5

113.9
15.3
3.2
5.8
14.0

126.8
22.4
3.2
4.7
14.7

146.0
22.4
3.6
5.2
15.1

22.8

24.0

24.9

26.4

28.8

31.1

32.1

34.4

36.9

38.9

41.9

46.2

52.0

15.8
1.6
.6
1.9
2.8

16.5
1.7
.6
1.9
3.3

17.0
2.1
.6
1.9
3.4

17.9
2.2
.7
2.0
3.6

19.0
3.0
.7
2.1
3.9

20.6
3.2
.8
2.3
4.3

21.8
2.1
.9
2.5
4.7

23.8
1.9
1.1
2.6
5.

25.8
1.4
1.3
2.9
5.4

27.5
1.0
1.5
3.1
5.8

29.5
1.5
1.6
3.5
5.9

31.9
2.5
1.6
4.0
6.3

36.3
2.4
2.3
4.3
6.6

7.8
5.8
.4
.3
.5
.8

8.0
5.9
.3
.3
.5
1.1

8.1
5.8
.5
.3
.4
1.1

8.2
6.0
.4
.3
.4
1.1

8.6
6.2
.5
.3
.4
1.3

9.1
6.3
.6
.4
.4
1.4

8.6
6.4
0
.4
.4
1.4

8.8
6.5
0
.4
.4
1.4

9.2
6.8
0
.5
.5
1.5

7.2
-.2
.6
.5
1.6

10.0
7.7
-.4
.6
.5
1.6

10.3
7.8
-.2
.6
.5
1.6

11.4
9.1
-.4
.6
.5
1.6

7.7

8.4

8.8

9.4

10.5

11.4

11.7

13.1

14.3

15.0

16.8

19.4

21.9

5.1
.9
.1
.7

5.5
1.1
.1
.8
1.0

5.8
1.1
.1
.8
1.0

6.2
1.1
.1
.9
1.0

6.8
1.5
.1
.9
1.2

7.5
1.5
.1
1.1
1.2

7.8
1.3
.2
1.2
1.3

8.7
1.6
.2
1.2
1.4

9.6
1.5
.2
1.3
1.5

10.1
1.4
.3
1.5
1.7

11.3
1.9
.3
1.6
1.8

12.9
2.3
.3
1.8
2.1

14.8
2.3
.5
2.0
2.3

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

180

Table 6.1—Gross National Product and Its Components
[Billions of
1947

1948

1949

1950

1951

1952

1953

1954

1955

.9

1.0

1.0

1.1
.7
.1
0
.1
.2

1956

1957

1958

1959

Transportation—Continued
Air transportation
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Captial consumption allowances.
Other K.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

.4

.5

.5

.6

.3
0
0
0
.1

.3
0
0
.1
.1

.4
0
0
.1
.1

.4
.1
0
.1
.1

.5
.1
0
.1
.1

.1
0
.1
.1

.1
0
.1
.1

.7
.1
0
.1
.2

3.5

3.5

3.5

3.5

4.1

4.2

4.3

4.0

4.3

2.6
.4
0
.2
.3

2.5
.4
0
.2
.3

2.4
.4
0
.2
.3

2.5
.5
0
.3

2.8
.7
0
.3
.4

2.9
.5
0
.3
.4

3.1
.4
0
.3
.4

2.9
.3
0
.3
.4

3.1
.4
0
.3
.5

1.3

1.4

1.5

1.7

1.0
0
0
.2

1.1
0
0
.2
.3

1.2
0
0
.2
.3

4.6

4.8

4.6

4.8

3.2
.5
0
.4
.5

3.4
.4
0
.4
.5

3.2
.4
.1
.4

3.3
.5
.1
.4

.1
0
.1
.2

3.1

3.8

4.1

4.5

5.1

5.6

6.3

6.5

7.1

7.7

8.3

8.9

9.8

Compensation of employees
Profit-type return
--Net interest
Indirect business taxes, etc
Capital consumption allowances.

2.0
.2
.1
.6
.3

2.3
.3
.1
.7
.3

2.4
.4
.1
.8
.3

2.5

2.8
.8
.1
1.0
.4

3.1
.9
.1
1.0
.5

3.4
1.1
.1
1.2
.5

3.6
1.2
.1
1.0

3.8
1.5
.1
1.0

4.2
1.6
.2
1.1
.7

4.5
1.8
.2
1.2
.7

4.5
2.1
.2
1.2
.8

4.7
2.5
.3
1.4
.9

Telephone and telegraph

2.9

3.5

3.8

4.2

4.7

5.2

5.8

5.9

6.4

6.9

7.5

8.0

8.9

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

1.8
.1
.1
.6
.3

2.1
.3
.1
.7
.3

2.2
.4
.1
.8

2.3
.6
.1
.9
.4

2.5
.7
.1
.9
.4

2.8
.8
.1
1.0
.4

3.0
1.0
.1
1.2
.5

3.1
1.1
.1
1.0
.5

3.4
1.4
.1
.9
.6

3.7
1.4
.1
1.1
.6

3.9
1.6
.2
1.1
.7

3.9
2.0
.2
1.2
.7

4.1
2.3
.3
1.4

Radio and television broadcasting..

.2

.3

.3

.3

.4

.5

.5

.6

.7

.8

.8

.2
.1
0
0
0

.2
0
0
0
0

.2
0
0
0
0

.3
.1
0
0
0

.1
0
0
0

.3
.1
0
0
0

.4
.1
0
0
0

.4
.1
0
0
0

.5
.2
0
0

.5
.2
0
0
.1

.6
.2
0
0
.1

.6
.2
0
0
.1

.2
0
0
.1

3.8

4.3

4.8

5.2

6.0

6.6

7.2

8.0

8.7

9.4

10.0

10.7

11.8

1.6
1.0
.2
.5
.5

1.8
1.1
.3
.6
.5

2.0
1.4
.3
.6
.6

2.1
1.4
.3
.7
.7

2.3
1.8
.4
.7
.8

2.5
2.0
.4
.7
.9

2.8
2.2
.5
.8
1.0

2.9
2.4
.6
.8
1.2

3.1
2.5
.6
1.0
1.5

3.3
2.6
.7
1.0
1.7

3.5
2.7
.8
1.1
1.9

3.8
2.7
.9
1.2
2.0

4.0
3.1
1.0
1.4
2.3

Communication.

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.
Electric, gas, and sanitary services.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances..

.4

1.0

44*2

48.4

48.0

51.3

56.4

58.5

59.7

60.8

66.2

70.4

73.9

75.2

82.2

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

23.2
14.4
0
5.2
1.5

24.7
15.9
0
5.. 9
1.8

25.0
14.6
0
6.2
2.2

26.8
15.1
0
6.9
2.4

29.4
16.5
.1
7.6
2.7

31.0
16.3
.1
8.2
3.0

33.0
14.9
0
8.7
3.2

33.8
14.9
.1
8.8
3.3

36.2
16.8
.1
9.6
3.5

39.1
16.4
.1
10.8
3.9

41.2
16.7
.1
11.5
4.3

42.1
16.9
.1
11.9
43

45.4
18.8
.2
12.9
4.8

Wholesale trade

15.7

17.3

16.6

18.8

21.3

21.5

21.9

22.2

25.1

27.5

28.8

29^5

32.6

8.2
4.2
0
2.8
.4

9.0
4.6
0
3.1

8.9
3.9
0
3.3

9.5
4.8
0
3.8
.7

10.7
5.6
.1
4.1

11.2
5.0
.1
4.4

11.9
4.4
0
4.6

12.3
4.0
.1
4.8
1.0

13.1
5.5
.1
5.3
1.2

14.6
5.5
.1
5.9
1.4

15.4
5.5
.1
6.2
1.5

15.9
5.6
.1
6.5
1.4

17.1
6.5
.1
7.2
1.7

Wholesale and retail trade

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

28.5

31.1

31.4

32.5

35.1

37.0

37.8

38.7

41.1

42.9

45.1

45.8

49.5

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allownaces.

14.9
10.2
0
2.4
1.1

15.7
11.3
0
2.8
1.2

16.2
10.7
0
2.9
1.6

17.3
10.3
0
3.1
1.7

18.8
10.9
0
3.5
1.8

19.8
11.4
0
3.8
2.1

21.0
10.5
0
4.1
2.2

21.5
10.9
0
4.0
2.3

23.0
11.4
0
4.3
2.3

24.6
10.9
0
4.8
2.6

25.8
11.1
0
5.3
2.8

26.2
11.3
0
5.4
2.8

28.3
12.3
.1
5.7
3.2

Finance, insurance, and real estate...

23.2

26.1

28.4

31.5

34.7

38.1

42.1

45.8

49.2

52.5

56.6

61.2

66.4

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

4.7
11.1
1.0
3.5
2.9

5.3
13.0
.7
3.8
3.3

5.6
14.1
.7
4.3
3.7

6.2
15.8
.8
4.7
4.1

6.8
17.2
.8
5.1
4.7

7.4
19.0
1.0
5.6
5.1

8.0
20.9
1.3
6.1
5.7

8.7
22.3
1.9
6.7
6.2

9.5
23.4
2.3
7.2
6.8

10.4
24.1
2.6
8.0
7.4

11.1
25.1
3.4
8.8
8.2

11.8
26.6
4.3
9.7
8.8

13.0
28.6
4.6
10.8
9.5

5.1

5.9

6.7

7.0

7.7

8.7

10.8

11.3

12.1

13.0

3.6
2.2
—1.2
.4
.1

4.0
3.0
-1.7
.4
.2

4.3
3.5
—20
.5
.2

4.8
3.7
—2.2
.6
.2

5.3
4.3
—2.7
.6
.3

5.8
4.8
—2.9
.7
.3

6.4
5.4
—3.1
.7
.3

7.0
5.7
—3.1
.8
.4

7.6
6.0
—3.5
.8
.5

8.3
6.3
—4.0
.9
.5

9.0
6.7
--4.3
1.0

9.8
7.2
—4.4
1.1

10.7
8.4
—5.3
1.4
.7

18.1

20.2

21.7

24.5

26.9

29.4

32.3

35.1

37.9

40.5

43.6

46.9

50.6

1.9
17.5
5.8
6.4
6.3

2.1
17.8
6.6
7.1
6.9

2.0
18.5
7.7
7.8
7.6

2.0
19.4
8.7
8.6
8.2

2.3
20.2
9.9
9.4
8.8

34.0

37.3

40.2

42.3

46.3

22.7
11.0
.1
1.2
2.2

24.5
11.7
.2
1.3
2.5

25.9
12.2
.2
1.3
2.6

28.2
13.6
.2
1.4
2.9

Retail trade..

Finance and insurance
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.
Real estate
Compensation of employees
Profit-type return
Net interest
_
Indirect business taxes, etc
Capital consumption allowances.
Services..
Compensation of employees
Profit-type return
Net interest.
Indirect business taxes, etc
Capital consumption allowances.
See footnotes at end of table.




1.1
9.0
2.1
3.1
2.8

1.3
10.0
2.4
3.4
3.1

1.3
10.6
2.7
3.7
3.4

1.4
12.0
3.1
4.1
3.9

1.5
13.0
3.5
4.5
4.4

1.5
14.2
3.9
4.9
4.8

1.6
15.5
4.4
5.4
5.3

1.7
16.6
5.0
5.9
5.8

20.2

21.9

22.6

24.0

25.9

27.5

29.4

30.5

12.3
6.2
0
.9
.7

13.2
6.8
0
1.0

13.6
6.8
.1
1.1
1.1

14.4
7.2
.1
1.1
1.2

15.7
7.7
.1
1.1
1.3

16.8
8.1
.1
1.1
1.4

18.1
8.6
.1
1.2
1.4

18.8
8.8
.1
1.1
1.8

20.7
10.3
.1
1.1
1.8

14.3

15.9

1960

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

181

by Industry: Annually, 1947-74—Continued
dollars]
1961

Line

1962

1963

1964

1965

1966

1967

1968

2.1

2.4

2.5

2.9

3.4

4.0

4.6

5.1

5.8

6.2

6.9

7.9

9.0

1.4
-.2
.1
.2
.5

1.5
.1

1.6
0
.1
.2

1.8
.2
.1
.2

2.0
.4
.1

2.4
.4
.1
.3
.8

2.9
.3
.1
.3
1.0

3.5
-.2
.2
.4
1.2

4.1
-.3
.3
.4
1.3

4.6
-.6
.3
.4
1.4

4.8
-.3
.3
.6
1.4

5.3
0
.3
.9
1.4

6.0
0
.5
.9
1.5

5.1

5.3

5.5

5.9

6.2

6.7

7.1

7.5

7.6

8.1

8.2

8.7

9.7

3.5
.4
.1
.5

3.6
.4
.1
.5
.7

3.7
.5
.1
.4
.8

3.9
.5
.2
.5
.8

4.0
.6
.2
.5
.9

4.5
.7
.2
.5

4.7
.6
.2
.5
1.0

5.0
.6
.3
.5
1.1

5.3
.3
.3
.7
1.1

5.6
.4
.4
.7
1.1

5.6
.3
.4
.7
1.1

5.9
.4
.4
.8
1.2

6.4
.5
.7
.9
1.2

11.1

12.0

13.1

14.1

15.2

16.5

17.9

19.3

21.8

23.6

25.7

29.4

32.1

5.1
2.9
.3
1.7
1.1

5.4
3.2
.4
1.8
1.2

5.7
3.5
.4
1.9
1.6

6.2
3.6
.4
2.0
1.8

6.8
3.9
.5
2.1
2.0

7.5
4.3
.5
2.0
2.2

8.0
4.3
.7
2.5
2.4

8.7
4.5
.8
2.5
2.7

10.1
4.6
1.1
3.0
2.9

11.6
4.0
1.5
3.2
3.4

12.7
3.3
1.8
3.6
4.3

14.6
3.0
2.1
4.1
5.6

16.3
3.2
1.7
4.4
6.6

1970

1971

1972

1973*

Transportation—Continued
Air transportation
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances..
Other i
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
Communication.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc.
Capital consumption allowances.
Telephone and telegraph

10.1

10.8

11.8

12.8

13.8

14.9

16.4

17.5

19.9

21.6

23.6

26.9

29.4

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances

4.4
2.7
.3
1.6
1.0

4.7
2.9
.4
1.7
1.1

4.9
3.2
.4
1.8
1.5

5.4
3.4
.4
2.0
1.7

5.9
3.5
.4
2.0
1.9

6.5
3.9
.5
2.0
2.1

7.0
4.0
.6
2.5
2.2

7.5
4.3
.8
2.5
2.5

8.8
4.4
1.0
3.0
2.7

10.2
3.7
1.4
3.1
3.1

11.2
3.0
1.7
3.5
4.1

13.0
2.5
2.0
4.0
5.3

14.5
2.7
1.5
4.3
6.4

Radio and television broadcasting

1.0

1.2

1.2

1.3

1.4

1.6

1.6

1.8

1.9

2.0

2.1

2.5

2.7

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances

.7
.2
0
0
.1

.7
.3
0
0

.8
.3
0
0
.1

.8
.3
0
0
.1

.9
.3
0
0
.1

1.0
.4
0
0
.1

1.1
.2
0
0
.2

1.2
.3
.1
0
.2

1.3
.3
.1
.1
.2

1.4
.3
.1
.1

1.4
.3
.1
.1
.2

1.6
.5
.1
.1
.3

1.8
.4
1
1
3

Electric, gas, and sanitary services

13.5

14.2

14.9

15.8

16.6

17.6

18.5

20.0

21.5

22.7

25.3

28.0

30.6

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
C apital consumption allowances

4.3
3.8
1.2
1.7
2.6

4.5
3.9
1.3
1.7
2.8

4.7
4.3
1.3
1.7
2.9

5.0
4.6
1.3
1.9
3.0

5.2
4.8
1.4
2.0
3.2

5.5
5.0
1.6
2.1
3.4

5.9
4.9
1.8
2.3
3.6

6.4
5.0
2.1
2.5
3.9

7.0
4.7
2.6
2.8
4.3

7.8
3.9
3.2
3.2
4.6

8.5
4.2
3.6
3.8
5.3

9.3
4.2
4.0
4.3
6.1

10.3
3.7
4.8
4.7
7.2

144.6

157.3

167.3

182.8

201.2

226.2

115.4
31.1
1.9
41.6
11.2

128.7
35.2
4.6
45.8
11.9

86.5

92.3

96.5

105.1

112.8

121.7

130.3

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

49.6
16.7
.3
15.0
5.0

52.6
17.8
16.'1
5.4

55.7
17.6
.4
17.1
5.7

59.7
20.3
.5
18.6
6.0

64.2
21.3
.6
20.3
6.3

70.1
22.0
.9
22.1
6.7

75.
23.2
.9
23.8
7.2

82.6
25.6
1.0
27.8
7.7

90.9
25.8
1.4
30.6
8.6

98.0
24.7
1.7
33.7
9.1

105.5
27.9
1.9
37.7
9.9

Wholesale trade

34.8

37.0

38.7

41.7

45.1

49.4

52.1

58.1

63.2

67.3

72.6

82.4

95.8

18.8
6.0
.2
8.1
1.7

19.8
6.3
.2
8.8
1.9

20.9
6.4
.2
9.2
2.0

22.3
7.1
.2
9.9
2.1

24.1
7.6
.3
11.0
2.

26.5
8.1
.4
12.0
2.4

28.4
8.1
.4
12.
2.6

30.9
9.4
.4
14.5
2.9

34.2
9.5
.5
15.6
3.3

37.0
9.4
.6
17.0
3.4

39.4
10.0
18*. 8
3.

43.3
13.9
.8
20.1
4.

49.1
18.3
1.9
21.8
4.7

51.

55.3

57.8

63.4

67.

72.3

78.2

86.5

94.1

99.9

110.2

118.8

130.4

30.8
10.

32.8
11.5

34.9
11.2

37.4
13.1

40.
13.8

6.8
3.3

7.
3.5

7.9
3.

8.7
3.9

9.4
4.1

43.
13.8
.5
10.1
4.3

46.8
15.1
.5
11.1
4.6

51.6
16.2
.6
13.3
4.8

56.8
16.2
.9
15.0
5.3

61.0
15.4
1.1
16.8
5.7

66.0
17.9
1.2
18.9
6.2

72.1
17.2
1.1
21.5

79.6
16.9
2.7
24.0
7.2

Finance, insurance, and real estate....

74.2

79.3

83.9

89.3

96.1

104.0

111.5

121.3

141.0

155.9

168.6

182.2

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances..

14.
29.8
6.1
12.8
10.9

15.6
30.9
6.9
14.2
11.7

16.6
31.2
8.1
15.5
12.5

17.9
32.1
8.9
16.9
13.5

19.1
34.0
10.5
18.1
14.

20.8
36.1
12.5
19.2
15.

22.8
38.2
13.1
21.0
16.5

25.
40.7
14.
23.
17.6

31.1
42.
18.4
28.0
20.

34.5
46.8
21.
30.
22.6

49.
23.
32.
24.

42.4
51.0
26.5
35.
27.

Finance and insurance

17.6

18.0

18.5

19.5

21.5

24.

27. C

30.6

40.5

43.7

12.4
8.9
-6.1
1.6
.8

13.1
9.1
—6.7
1.6

13.9
8.7
-6.8
1.8

15.0
9.1
—7.
2.0
1.

16.1
9.9
1.2

17.5
11.0
—7.4
2.4
1.3

19.4
1.
-8.
2.
1.4

56.6

61.3

65.4

74.6

79.3

84.4

2.
20.
12.
11.
10.

2.5
21.8
13.6
12.6
10.

2.
22.
14.
13.
11.

2.
23.
16.6
14.
12.4

3.
24.
18. S
15.
13.3

3.
25.
19. <
16.!
14.:

3.
26.
21.
18.
15.

52.

56.

60.

65.

70.

78.

86.

94.

Wholesale and retail trade

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowancesRetail trade
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances...

Comp
Profit-type return.
Net interest
Indirect business taxes, etc
Capital consumption allowancesReal estate
Comp
Profit-type return..
Net interest
Indirect business taxes, etc
Capital consumption allowances..
Services
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
I.
Capital consumption allowances..


216-143 O - 77 - 13


32.
14.

35.
15.

£l

131.
28.6
41.6
16.0
25.3
19.5

46.

24.2
13.8
-9.
3.
2.0

26.:
15J
—10.;
3.
2.

28.:
16.
—11.
4.
2.

31.
18.,
-13.
4.
2.

34.8
19.
—16.6
4.
3.4

90.:

97.7

104.

115.

124.

136.0

3.:
27.
23.
20.
15.

4.
27.
25. S
21.
17. C

4.
27.
28.
24.
18.

5.
30.
32.
26.
20.

6.
30.
37.
28.
21.

7.6
31.
43.
30.4
23.5

113.

122.

134.

150.

76.
25.
1.

83.
26.
1.
3.
7.

92.
27.
1.
4.
8.

104.5
29.6
2.
4.
9.

21.
13.
—9.

37.
16.

41.
17.

44.
18.

49.
21.

55.
22.

61.
24.

1*.
3.

1.
4.

2*.
4.

2.
4.

2.
5.

2*.
5.

104.

25.
1.
2.
6.

1974*

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

182

Table 6.1—Gross National Product and Its Components
[Billions of
1947

Line

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

2.4

2.4

2.4

2.6

2.7

2.6

2.7

2.6

3.1

3.3

3.3

3.5

3.6

3.8

2.4

2.4

2.4

2.6

2.7

2.6

2.7

2.6

3.1

3.3

3.3

3.5

3.6

3.8

17.8

19.6

20.2

21.4

23.2

24.9

26.7

28.0

30.9

34.0

36.9

38.8

42.8

45.4

14.2
8.1
.1
1.1
1.4

15.4
8.6
.1
1.2
1.4

16.2
8.8
.1
1.1
1.8

17.6
10.3
.1
1.1
1.8

19.4
11.0
.1
1.2
2.2

21.2
11.7
.2
1.3
2.5

22.4
12.2
.2
1.3
2.6

24.7
13.6
.2
1.4
2.9

27.0
13.6
.3
1.5
3.0

Services—Continued
159
160
161

Private households
Compensation of employees..
Other 2

162
163
164
165
166

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances.

9.9
6.2
0
.9
.7

10.8
6.8
0
1.0
.9

11.2
6.8
.1
1.1
1.1

11.8
7.2
.1
1.1
1.2

167

Government and government enterprises.

19.3

20.2

22.5

23.8

13.1
7.7
.1
1.1
1.3
30.8

35.3

36.4

36.9

38.5

40.7

44.0

47.1

50.0

53.4

168
169
170

Compensation of employees..
Profit-typo return
Indirect business taxes, etc...

18.7
.6
0

19.7
.4
0

22.0
.5
0

23.6
.2
0

30.4
.4
0

34.7
.7
0

35.5
.8
0

36.1
.8
0

38.1
.4
0

40.7
0
0

43.4
.5
0

46.9
.2
0

49.1
.9
0

52.7
.7
.1

171

Government

16.7

17.4

19.4

20.9

27.4

31.2

31.9

32.5

34.2

36.6

16.7

17.4

19.4

20.9

27.4

31.2

31.9

32.5

34.2

2.6

2.8

3.0

2.9

3.4

4.2

4.4

4.4

4.3

2.0
.6
0

2.3
.4
0

2.6
.5
0

2.7
.2
0

3.0
.4
0

3.5
.7
0

3.5
.8
0

3.6
.8
0

3.9
.4
0

1.2

1.1

1.3

1.5

1.5

1.5

1.8

2.0

2.2

2.3

2.2

2.4

2.5

.1
.8
.2

.1
.8

.1
1.0
.3

0
1.2
.4

0
1.1
.4

0
1.1
.4

-.1
1.4
.4

—.1
1.6
.5

—.1
1.8
.4

-.1
1.9
.5

-.1
1.7

-.1
1.8
.7

-.1
1.9
.7

172
173
174
175
176
177
178
179
180
181
182
183
184
185
186

Compensation of employeesGovernment enterprises
Compensation of employees..
Profit-type return
Indirect business taxes, etc...
Rest of the world
Compensation of employees
Profit-type return
Net interest
Addenda:
Nonfarm business..
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances-

42.1

44.0

47.1

39.1

42.1

44.0

47.1

4.1

4.8

5.0

6.0

6.3

4.1
0
0

4.3
.5
0

4.7
.2
0

5.1
.9
0

5.6
.7
.1

188.0

212.7

211.7

235.5

267.4

282.5

301.2

301.3

332.8

354.3

372.3

370.7

408.9

423.0

104.5
53.2
1.6
18.4
10.3

115.3
63.6
1.5
20.1
12.2

113.1
61.8
1.5
21.3
13.9

124.6
70.5
1.6
23.4
15.4

143.8
78.8
1.8
25.4
17.7

154.5
78.5
2.1
27.8
19.6

167.1
79.9
2.4
30.0
21.9

165.2
78.8
3.2
29.8
24.2

179.0
90.3
3.7
32.5
27.2

194.4
90.4
4.1
35.4
29.9

204.1
92.3
5.3
37.9
32.6

201.7
88.8
6.6
39.1
34.3

220.2
102.4
7.2
42.4

230.7
99.2
8.1
46.1

36.5

38.6

12.3

13.8

12.3

13.8

187

Households and institutions...

5.1

5.6

5.9

6.4

6.9

7.2

7.8

8.1

9.1

9.8

10.5

11.4

188

Compensation of employees.

5.1

5.6

5.9

6.4

6.9

7.2

7.8

8.1

9.1

9.8

10.5

11.4

*Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS: Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINFSS.

1. Consists of local and interurban passenger transit, water transportation, pipeline transportation, and transportation services.
2. Consists of hotels and other lodging places; personal services; miscellaneous business
services, auto repair, services, and garages; miscellaneous repair services, motion pictures,
amusement and recreation services, not elsewhere classified; medical and other health services;
legal services; educational services; nonprofit membership organizations; and miscellaneous




professional services.
NOTE.—Profit-type return consists of proprietors'income with inventory valuation adjustment and without capital consumption adjustment, rental income of persons without capital
consumption adjustment, corporate profits with inventory valuation adjustment and without
capital consumption adjustment, less subsidies received. The profit-type return of government enterprises consists of their current surplus. Indirect business taxes, etc., includes indirect,
business tax and nontax liability and business transfer payments. The industry classification
is on an establishment basis and is based on the 1967 Standard Industrial Classification.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

183

by Industry: Annually, 1947-74—Continued
dollars]
1961

Line

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973*

1974*

Services—Continued
159
160
161

Private households
Compensation of employees
Other 2

3.7

3.8

3.8

3.9

4.0

4.0

4.7

4.9

4.9

5.1

5.2

5.3

5.4

3.7

3.8

3.8

3.9

4.0

4.0

4.7

4.9

4.9

5.1

5.2

5.3

5.4

5.6

48.5

52.3

56.1

61.3

66.8

74.2

81.8

89.7

100.0

108.4

117.0

129.1

145.0

161.7

37.1
17.6
.6
1.9
4.1

40.6
18.9
.7
2.1
4.4

45.6
21.1
.7
2.1
4.7

50.8
22.8
.8
2.2
5.1

56.7
24.1
.9
2.5
5.5

64.6
25.1
1.1
2.9
6.4

71.2
25.6
1.4
3.3
6.8

78.1
26.4
1.6
3.7
7.2

99.1
29.6
2.9
4.4
9.0

111.2
31.5
4.5
4.7
9.7

71.2

76.7

86.4

96.3

107.9

117.2

129.1

140.9

87.5
27.8
1.8
4.1
8.0
154.9

94.3
2.0

105.2
2.6

114.7
2.4
.1

127.4
1.6
.1

139.0
1.8
.1

103.7

114.7

125.2

162
163
164
165
166

Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances

29.0
14.4
.3
1.6
3.2

31.5
15.1
.5
1.6
3.5

167

Government and government enterprises

56.7

61.1

34.0
16.0
.5
1.8
3.8
65.9

168
169
170

Compensation of employees
Profit-type return
Indirect business taxes, etc

56.4
.3
.1

60.6
.5
.1

64.7
1.0
.1

70.1
.9
.1

75.4
1.2
.1

85.0
1.3
.1

171

Government

50.5

54.3

58.0

62.9

67.6

76.5

172
173
174
175
176
177
178
179
180
181
182
183
184
185
186

187
188

Compensation of employees
Government enterprises
Compensation of employees
Profit-type return
Indirect business taxes, etc
Rest of the world
C om pensation of employees
Profit-type return
Net interest
Addenda.
Nonfarm business
C ompensation of employees
Profit-type return
Net interest...
Indirect business taxes, etc
Capital consumption allowances
Households and institutions
Compensation of employees




50.5

54.3

58.0

62.9

67.6

76.5

6.2

6.8

7.8

8.3

9.1

9.8

5.8
.3
.1

6.2
.5
.1

6.7
1.0
.1

7.3
.9
.1

7.8
1.2
.1

8.5
1.3
.1

.1

.1

85.1

95.2

85.1

95.2

11.2

12.7

9.1
2.0
.1

10.0
2.6

152.5
2.3
.1
137.4

166.6

181.5

165.8
.8
.1

180.0
1.5
.1

149.1

161.1

149.1

161.1

17.5

20.4

16.7
.8
.1

18.8
1.5
.1

9.0

14.4

0
6.8
2.2

0
11.0
3.3
1,138.7

103.7

114.7

125.2

13.5

14.4

15.6

11.0
2.4
.1
4.5

12.7
1.6
.1

13.8
1.8
.1

4.6

6.6

.1
3.7
.7

.1
3.8
.8

.1
4.6
2.0

776.2

807.6

867.9

955.8 1,057.0

394.4
154.2
23.2
80.5

434.3
151.2
27.8
88.3
74.6

458.4
139.2
34.2
96.1
79.8

486.0
152.7
38.0
105.6
85.6

536.0
169.3
41.8
113.6
95.1

603.0
177.7
50.4
123.2
102.7

137.4
17.5
15.1
2.3
.1

5.6

3.1

3.6

3.7

4.3

4.7

4.2

-.1
2.3
.9

-.1
2.6
1.0

0
2.6
1.1

0
3.1
1.2

0
3.3
1.4

0
2.8
1.4

.1
3.0
1.5

433.4

465.9

492.2

529.2

573.8

625.0

658.8

235.3
99.4
9.3
48.7
40.4

251.9
106.1
10.6
52.3
44.9

264.8
112.0
12.0
55.7
47.6

284.4
121.4
13.2
60.0
50.6

306.2
134.0
15.6
63.9
54.2

337.9
143.2
18.7
66.8
58.3

359.1
144.2
20.8
71.7
62.9

14.4

15.5

16.6

17.8

19.2

21.1

23.9

26.4

29.2

31.6

34.7

37.2

40.4

44.8

14.4

15.5

16.6

17.8

19.2

21.1

23.9

26.4

29.2

31.6

34.7

37.2

40.4

44.8

4.6

.1
4.8
0
3.2
1.5
720.2

7.0
0
4.8
2.2

661.0
172.6
63.0
130.9
111.3

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

184

Table 6.2,—Gross National Product by Industry
[Billions of
1949

1950

1951

1952

1953

487.7

490.7

533.5

576.5

598.5

485.9

488.8

531.5

574.7

596.7

26.1
23.9
2.2

28.0
25.7
2.3

27.8
25.5
2.3

29.1
26.9
2.3

28.2
'25.7
2.5

Mining

11.4

11.9

10.5

11.7

7

Contract construction

22.7

26.2

26.2

28.9

8
9
10

Manufacturing
Nondurable coods
Durable goods

114.9
46.4
68.5

121.5
49.6
72.0

115.0
48.8
66.3

11
12
13
14
15

Transportation
_ _»
Railroad transDortation
Trucking and warehousing
Air transDortation
Other *

28.1
11.9
4.0
.6
11.6

27.1
11.6
4.4
.6
10.6

23.8
9.6
4.5
.6
9.1

131.3
53.2
78.1
26.3
10.4
5.6
.7
9.5

16
17
18

Communication
-- -Telephone and telegraph
Radio and television broadcasting

5.0
4.5
.6

5.7
5.1
.6

6.0
5.4
.6

6.3
5.6

19

Klertric. ran and mnitarv services

5.2

5.9

6.5

20
21
22

Wholesale and retail trade
Wholesale trade
Retail trade

76.1
24.3
51.8

78.0
25.0
53.1

79.9
24.8
55.1

23
24
25

Finance, insurance, and real estate
Finance and insurance
Real estate
- —

—

55.6
18.1
37.4

57.3
18.1
39.3

60.9
18.9
42.0

87.6
60.0
27.6
64.7
19.7
45.1

26
27
28

Serv-ces
P rivate households
Other 2

„

55.1
6.2
48.9

56.7
6.1
50.6

57.2
6.1
51.2

29
30
31
32

Government and government enterprises
Government
_- Government enterprises
Residual 3

68.5
57.9
10.5
-1.9

69.0
58.0
11.0
-1.7

1.6
370.8
16.0

1947

1

466.7

2
3
4
5

Gross national product
Gross domestic Droduct
Agriculture forestry, and fisheries
Agricultural services forestry, and fisheries.

33

Rest of the world

34
35

Addenda:
Private nonfarm business
Households and institutions

-

--

-

-

-

- .

—
.
—

-

1948

468.3

Line

1955

1956

1957

1958

1959

621.8

613.7

654.8

668.8

680.9

679.5

720.4

736.8

619.9

611.4

652.2

666.1

678.0

676.5

717.3

733.6

29.0
26.0
2.7

30.3
27.6
2.6

31.1
28.3
2.7

31.9
29.2
2.7

31.4
28.8
2.7

30.8
28.1
2.7

32.0
29.3
2.7

30.9
28 2
2.6

32.2
29 5
2.7

12.8

12.7

13.0

12.6

14.0

14.7

14.7

13.5

14.2

14.4

32.2

33.5

34.5

35.6

37.8

40.4

40.5

41.7

44.9

45.6

146.0
56.1
89.9

150.7
56.4
94.3

161.2
58.6
102.6

149.6
57.9
91.7

165.8
62.4
103.4

166.9
64.4
102.5

167.8
64.9
102.9

153.3
64.5
88.8

170.7
70.0
100.7

172.0
70.5
101.5

29.1
11.7
6.0
.9
10.4

28.2
11.2
6.1
1.1
9.8

28.5
10.9
6.7
1.2
9.6

27.1
9.9
6.7
1.4
9.2

29.5
10.9
7.6
1.6
9.4

31.1
11.2
8.0
1.9
10.0

30.8
10.5
8.3
2.1
9.8

28.7
9.4
8.3
2.1
9.0

30.3
9.8
9.2
2.4
8.9

30.9
9.7
9.4
2.5
9.3

7.0
6.1
.9

7.4
6.4
1.0

8.1
6.9
1.1

8.3
7.0
1.2

9.1
7.6
1.4

9.6
8.2
1.5

10.3
8.7
1.6

10.7
9.0
1.7

11.5
9.8
1.7

12.1
10.3
1.8

1960

8.1

8.7

9.3

10.3

10.8

11.6

12.3

12.8

14.0

15.0

88.3
28.4
60.0

91.1
29.6
61.5

94.0
30.0
64.0

94.6
30.3
64.4

103.2
33.7
69.5

106.2
35.5
70.8

108.0
36.0
72.0

107.9
36.5
71.4

115.8
40.3
75.5

117.9
41.4
76.5

67.0
20.5
46.6

71.5
21.6
49.9

74.4
22.6
51.8

78.1
23.7
54.4

82.4
25.2
57.1

86.2
26.5
59.6

90.2
27.7
62.5

94.0
27.9
66.1

98.7
28.0
70.7

102.3
29.1
73.2

59.4
6.6
52.8

60.6
6.5
54.1

61.6
6.0
55.6

63.0
5.9
57.1

63.1
5.5
57.5

67.5
6.6
61.0

71.1
6.9
64.3

73.3
6.7
66.5

75.8
6.9
68.9

80.3
6.7
73.5

82.2
6.8
75.4

73.1
62.2
10.9
1.8

75.4
64.6
10.8
3.8

89.8
78.8
11.0
5.5

96.6
85.3
11.3
5.7

96.4
85.0
11.3
7.3

94.9
83.9
11.0
6.2

95.4
84.4
11.1
4.8

97.6
86.5
11.1
-.9

100.1
88.9
11.3
-.8

101.7
90.4
11.3
4.4

103.6
91.8
11.8
2.7

107.2
94.9
12.3
1.8

1.8

1.9

1.9

1.8

1.8

2.0

2.3

2.5

2.7

2.9

3.0

3.2

3.2

387.2
16.7

382.1
17.3

417.9
18.3

445.9
18.7

460.7
18.6

480.6
19.3

473.4
19.4

512.5
21.4

529.3
22.5

538.7
23.1

528.2
24.2

569.6
24.9

580.5
26.8

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY
OF CURRENT BUSINESS,

1. Consists of local and interurban passenger transit, water transportation, pipeline transportation, and transportation services.
2. Consists of hotels and other lodging places; personal services; miscellaneous business
services; auto repair, services, and garages; miscellaneous repair services; motion pictures,




.7

1954

7.0

amusement and recreation services, not elsewhere classified; medical and other health services; legal services; educational services; nonprofit membership organizations; and miscellaneous professional services.
3. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

185

in Constant Dollars: Annually, 1947-74
1972 dollars]
1961

1
2

1963

1964

1965

799.1

830.7

874.4

751.2

794.3

825.8

868.7

32.3
29.6
2.8

Gross national oroduct
Gross domestic Droduct

1962

755.3

Line

32.3
29.5
2.8

32.8
30.0
2.8

32.1
29.2
2.8

1966

1967

925.9

981.0

,007.7

,051.8 1,078.8 1,075.3 1,107.5 1,171.1 1,233.4

1,210.7

919.9

975.6

,001.9 1,045.7 1,073.1 1,069.8 1,100.3 1,164.1 1,225.7

1,203.7

33.0
30.1
2.9

31.3
28.4
2.9

32.6
29.6
2.9

1968

32.4
29.4
3.0

1969

33.0
29.9
3.1

1970

1971

1972

1973*

1974*

3
4
5

Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries -

6

Mining

14.4

14.9

15.5

15.9

16.4

17.2

17.5

18.1

18.7

19.1

18.6

18.9

19.2

19.3

7

Contract construction

46.1

47.7

49.2

53.1

56.3

58.4

58.9

61.8

60.4

56.2

56.1

56.6

56.9

53.5

-- - -

171.2
72.0
99.3

186.2
76.2
110.1

201.0
82.1
119.0

215.7
86.4
129.3

235.1
91.0
144.1

254.0
97.0
157.0

254.1
96.9
157.2

268.4
102.9
165.5

276.2
107.2
169.1

260.6
106.2
154.4

264.1
108.7
155.3

288.8
116.8
171.9

309.5
122 3
187.2

293.1
118 6
174.5

.

30.6
9.6
9.8
2.5
8.7

31.9
10.0
10.4
2.7
8.8

33.6
10.5
11.0
3.2
9.0

34.8
10.9
11.3
3.6
9.0

38.0
11.8
13.0
4.3
8.9

40.9
12.6
14.3
4.9
9.0

40.7
11.9
14.1
5.9
8.8

43.5
11.7
16.2
6.6
8.9

44.1
12.1
16.1
7.2
8.8

43.8
11.4
16.1
7.1
9.3

43.4
10.2
17.1
7.2
8.8

46.2
10.3
19.4
7.9
8.7

50.9
11.1
22.8
8.3
8.7

50.7
10.8
22.3
8.6
9 0

25.6
23.5

26.8
24.5
2.3

29.4
26.9
2.5

31.3
28.8
2.6

33.6
30.8
2.8

8
9
10

IVf&niif&cturiiti?

11
12
13
14
15

Transportation
Railroad transportation.
Trucking and warehousing
Air transportation
Otherl

16
17
18

Communication
Telephone and telegraph
Radio and television broadcasting

12.7
10.8
1.9

13.6
11.7
1.9

14.6
12.8
1.8

15.6
13.8
1.8

16.9
15.1
1.8

18.5
16.6
1.9

19.9
18.0
1.9

21.2
19.3
1.9

23.7
21.6
2.2

19

Electric, gas, and sanitary services

15.8

16.5

17.4

18.5

19.4

20.7

21.7

23.5

25.0

20
21
22

Wholesale and retail trade
Wholesale trade
Retail trade

23
24
25

Finance, insurance, and real estate
Finance and insurance
Real estate

26
27
28

Services
Private households
Other 2

29
30
31
32

Government and government enterprises
Government
Government enterprises.
..
Residual 3

Nondurable goods
Durable goods

33

Rest of the world

34
35

Addenda:
Private nonfarm business
Households and institutions




.

-

2.2

36.1
32.8
3.3

35.4
32.0
3.3

36.7
33.2
3.5

34.8
31 5
3.3

27.1

28.0

29.6

26.5

71.5
178.4
106.9

186.8
75.4
111.4

201.2
82.4
118.8

213.1
87.2
125.9

207.1
86.0
121.1

150.2
40.4
109.8

153.7
42.0
111.7

161.7
42.4
119.4

168.6
43.7
124.9

174.8
45.7
129.1

175.9
46.0
130.0

121.4
5.8
115.6

124.7
5.5
119.2

126.6
5.4
121.2

134.5
5.3
129.1

142.7

147.0

110.2

5.0

4.3

137.7

142.7

143.5
127.2
16.3
2.4

148.1
131.7
16.4
-1.8

151.8
135.0
16.7
-5.9

152.0
135.2
16.7
-4.2

153.1
136.0
17.1
-.1

154.9
137.4
17.5
1.7

157.1
138.7
18.4
4.0

159.0
140.8
18.2
2.9

5.4

5.8

6.1

5.7

5.5

7.2

7.0

7.7

7.0

791.1
32.8

807.8
34.8

850.6
35.9

877.4
36.6

871.3
36.3

894 9
36.6

955.8 1,011.9
37.2
37.9

990.0
38.5

119.2
43.0
76.1

126.7
45.6
81.1

131.7
47.8
84.0

139.7
51.3
88.4

148.6
54.5
94.2

156.9
57.9
98.9

160.7
60.6
100.1

170.6
65.7
104.9

174.5
69.0
105.5

107.4
30.4
76.9

115.9
34.0
81.8

115.9
31.3
84.5

119.8
31.3
88.5

127.8
34.0
93.8

132.0
34.2
97.8

137.1
35.8
101.4

143.7
38.2
105.5

85.4
6.6
78.8

88.6
6.5
82.1

92.2

96.9

101.2

106.5

6.3

90.6

95.1

100.6

112.7
6.4
106.3

116.3

6.4

85.7

111.1
98.5
12.6
5.1

115.1
102.1
13.0
4.8

118.3
104.8
13.5
3.6

122.6
108.4
14.2
4.0

127.4
112.4
15.0
-.4

136.4
120.4
15.9
2.8

4.1

4.8

4.9

5.7

6.1

590.9
27.2

629.6
28.3

658.4
29.0

697.1
29.9

746.7
31.1

6.1

34.3
31.1
3.2

5.9

6.1

25.7

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

186

Table 6.3.—National Income Without Capital Consumption
[Millions of
1929

Line
National income without capital consumption adjustment..

1930

1931

1932

1933

1934

1935

1937

1933

87,136

75,775

43,036

40,532

49,772

57,518

65,395

74,084

•

86,326

75,029

59,439

42,643

40,209

49,469

57,151

65,095

73,801

Agriculture, forestry, and fisheries.

8,585

6,537

5,217

3,469

3,789

4,181

6,617

5,768

7,654

8,390
195

6,355
182

5,049
168

3,336
133

3,666
123

4,061
120

6,474
143

5,629
139

7,469
185

2,101

1,660

960

681

628

1,145

1,217

1,547

1,990

466
283
649
499
204

276
281
533
377
193

107
228
377
137
111

23
151
245
210
52

130
260
157

125
172
419
358
71

166
139
446
383
83

262
145
534
490
116

453
137
600
657
143

3,835

3,199

2,220

1,081

21,945

18,296

12,482

7,334

10,642
2,128
256
1,793
1,270
558
1,588
1,123
959
365
602
11,303
859
675
802
2,959
759
1,891
1,047
320
1,384
607

9,761
2,392
299
1,406
1,013
502
1,503
1,034
836
282
494
8,535
620
506
616
2,209
637
1,483
826
293
841
504

7,525
1,865
325
1,151
821
387
1,224
831
291
238
392
4,957
285
372
444
1,116
416
757
508
151
561
347

5,248
1,420
316
720
516
269
890
566
117
122
312
2,086
126
211
131
421
204
304
250
99
168
172

7,705
4,944
1,358
152
708
561
290
809
626
55
110
275
2,761
136
182
215
699
160
426
279
80
382
202

6,605

5,594

4,363

3,216

4,561
824
566
266
-3
129
262

3,746
765
544
216
-10
105
228

2,816
633
487
173
4
81

1,974
512
429
127
10
56
108
812

Domestic income

Farms
Agricultural services, forestry, and fisheries.
Mining
Metal mining
Anthracite mining
Bituminous and other soft coal mining
Crude petroleum and natural gas
Nonmetallic mining and quarrying
Contract construction.
Manufacturing
Nondurable goods..
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished fabric products
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products.
----Leather and leather products
Durable goods
-—
Lumber and timber basic products
Furniture and finished lumber products
Stone, clay, and glass products
Iron and steel and their products, including ordnance..
Nonferrous metals and their products
Machinery, except electrical
Electrical machinery
Transportation equipment, except automobiles.
Automobiles and automobile equipment
Miscellaneous manufacturing
Transportation
Railroads
Local and highway passenger transportation
Highway freight transportation and warehousing
Water transportation.
Air transportation (common carriers)
Pipeline transportation
Services allied to transportation
44

45
46

Communication
Telephone, telegraph, and related services.
Radio broadcasting and television

47

Electric, gas, and sanitary services

48
49

Utilities: electric and gas
Local utilities and public services, n.e.c.
Wholesale and retail trade

50
51
52
53
54
55
56
57
58
59

Wholesale trade
Retail trade and automobile services..
Finance, insurance, and real estate..
Banking
Security and commodity brokers, dealers, and exchanges.
Finance, n.e.c
Insurance carriers
Insurance agents and combination offices
Real estate
Services.
Hotels and other lodging places
Personal services
Private households
Commercial and trade schools and employment agencies.
Business services, n.e.c
Miscellaneous repair services and hand trades
Motion pictures
Amusement and recreation, except motion pictures
Medical and other health services
Legal services
Engineering and other professional services, n.e.c
E ducational services, n.e.c
Nonprofit membership organizations, n.e.c
Government and government enterprises
Federal
Government
Government enterprises
State and local
Government
Government enterprises
Rest of the world

1,128

1,092

1,100

1,083
9

28
1,638
1,560
78
13,511

4,261
9,250
13,144
2,018
726

984
16

1,644

42

1,118

1,342

2,042

2,104

11,100

13,390

16,294

19,450

6,488
1,637
159
1,114
808
418
949
733
111
140
419
4,612
282
283
338
1,103
385
739
383
131
649
319

7,313
1,895
211
1,209
867
460
1,050
811
211
217
382
6,077
342
341
415
1,491
463
1,016
529
143
929

8,224
2,096
142
1,365
987
503
1,183
963
339
216
430
8,070
459
441
580
2,072
558
1,399
712
236
1,154
459

9,591
2,418
202
1,607
1,009
564
1,259
1,168
604
294
466
9,859
570
507
655
2,604
701
1,761
914
337
1,299
511

3,038

3,419

3,693

4,266

4,635

1,861
450
423
153
10
47
94

2,059
485
473
178
8
103
113

2,236
478
533
200
14
106
126

2,618
534
594
243
22
107
148

2,802
546
661
295
26
130
177

788

702

771

807

884

984

791
21

14

739
32

770
37

831
53

918
66

1,556

1,716

1,463

1,287

1,419

1,439

75

1,541
57

1,402
61

1,229
58

1,353
66

1,376
63

12,357

9,911

6,532

5,625

8,310

9,408

10,768

12,354

4,085

3,221
6,690

2,201
4,331

1,810
3,815

2,545
5,765

2,972
6,436

3,287
7,481

3,971
8,383

9,130

7,350

6,284

6,056

6,435

7.119

7,729

1,206
—45
-42

191
—11
552
289
4,571

539
214
10
636
315
4,342

662
227
66
709
330
4,441

775
346
125
785
34^
4,741

5,183

1,<

8,272
11,067

1,651
65

6,949

915
100
-71
564
328
5,514

8,277

7,142

5,565

5,046

5,688

6,090

6,755

7,426

577
1,218
568
306
438
336
1,472
683
184
363
609

465
1,040
1,148
31
450
276
361
268
1,302
701
152
362
586

814
836
22
363
228
194
177
1,033
591
102
342
528

291
707
733
20
338
191
210
154
945
561
98
312
486

361
790
851
23
432
203
283
197
1,033
600
113
310
492

383
865
912
29
483
218
329
211
1,11
624
121
315
488

418
962
1,017
32
578
230
391
253
1,250
647
144
327
506

473
1,113
1,190
39
610
247
437
305
1,320
680
156
347
509

5,083

5,306

5,416

5,140

5,317

6,262

6,713

8,096 |

7,759

1,450
869
581
3,633

1,489
905
584
3,817
3,630
187

1,493
911
582
3,923
3,737
186

1,41870
544
3,726
3,565
161

1,640
1,155
485
3,677
3,531
146

2,225
1,685
540
4,037

2,371
1,757
614
4,342
4,178
164

4,220
3,558
662
3,876
3,696
180

3,675
3,000
675
4,084
3,889
195

810

746

393

323

303

300

283

421
8,961
8,751
1,287
1,718
40
568
315
440
379
1,532
689
206
353
601

n.e.c. Not elsewhere classified.
•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.

NOTE.—The industry
compensation of employees, proprietors' income, and
 on an classification ofbasis; the industry classification of corporate profits
rental income is
establishment


1,641
97
—14
775
402
8,166

54'

153

241
140

and net interest is on a company basis. The industry classification of these items is based on
the 1967 Standard Industrial Classification beginning with 1948 and on the 1942 Standard
Industrial Classification prior to 1948. Estimates for 1948 of national income without capital
consumption adjustment based on the 1942 Standard Industrial Classification are available
from the Bureau of Economic Analysis.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

187

Adjustment by Industry: Annually, 1929-74
dollars]
1940

Line
National income without capital consumption adjustment.
Domestic income
Agriculture, forestry, and fisheries..
Farms
Agricultural services, forestry, and fisheries..
Mining
Metal mining
Anthracite mining
Bituminous and other soft coal mining
Crude petroleum and natural gas
Nonmetallic mining and quarrying
Contract construction.
Manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished fabric products
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
Durable goods
Lumber and timber basic products
Furniture and finished lumber products
Stone, clay, and glass products
Iron and steel and their products, including ordnance.
Nonferrous metals and their products
Machinery, except electrical
Electrical machinery
-.
Transportation equipment, except automobiles
Automobiles and automobile equipment
Miscellaneous manufacturing
Transportation
Railroads
Local and highway passenger transportation
Highway freight transportation and warehousing.
Water transportation
Air transportation (common carriers)
Pipeline transportation
Services allied to transportation
Communication.
Telephone, telegraph, and related services.
Radio broadcasting and television
Electric, gas, and sanitary services
Utilities: electric and gas
Local utilities and public services, n.e.c..
Wholesale and retail trade
Wholesale trade
Retail trade and automobile servicesFinance, insurance, and real estate
Banking
Security and commodity brokers, dealers, and exchanges.
Finance, n.e.c
Insurance carriers
Insurance agents and combination offices
Real estate
Services.
Hotels and other lodging places
Personal services
Private households
Commercial and trade schools and employment agencies.
Business services, n.e.c
Miscellaneous repair services and hand trades
Motion pictures
Amusement and recreation, except motion pictures
Medical and other health services
_
Legal services
Engineering and other professional services, n.e.c
Educational services, n.e.c
Nonprofit membership organizations, n.e.c
Government and government enterprises
Federal
Government
Government enterprises
State and local
Government
Government enterprises
Rest of the world




1941

1942

1943

1944

1945

1946

72,984

81,564

104,715

138,025

171,346

183,684

182,451

182,942

72,671

81,201

104,346

137,652

170,999

183,311

182,140

182,407

6,033

6,145

8,436

12,649

14,943

15,116

15,683

18,455

5,861
172

5,971
174

8,235
201

12,394
255

14,664
279

14,785
331

15,320
363

18,041
414

1,633

1,932

2,360

2,588

2,764

2,960

2,794

3,028

345
125
503
529
131

443
137
624
576
- 152

505
165
806
678
206

581
192
990
571
254

498
214
1,133
668
251

403
238
1,264
825
230

334
218
1,194
819
229

290
287
1,254
887
310

2,342

2,589

4,219

6,491

5,477

4,146

4,292

6,541

18,094

22,481

33,211

45,437

58,253

60,331

52,186

49,218

10,314
2,480
267
1,515
1,152
664
1,264
1,492
691
324
465
12,167
601
563
761
3,081
792
2,180
1,136
816
1,599

12,894
2,763
230
2,072
1,476
1,029
1,375
1,943
889
496
621
20,317
918
784
1,072
5,082
1,206
3,847
1,897
2,267
2,349
895

16,584
3,706
190
2,856
1,937
1,123
1,445
2,776
1,174
597

19,647
4,402
192
3,017
2,424
1,256
1,748
3,350
1,499

21,006
4,954
284
2,965
2,707
1,347
2,030
3,350
1,465
1,020
884
39,325
1,158
1,028
1,136
9,044
5,819
3,720
12,465
1,401
1,619

21,222
5,005
236
3,012
2,915
1,339
2,235
3,216
1,410
929
925
30,964
1,086
1,052
1,146
7,388
1,686
5,087
3,056
7,742
1,116
1,605

24,896
5,552
320
4,013
3,368
1,719
2,707
3,282
1,765
1,086
1,084
24,322
1,491
1,373
1,576
5,591
1,780
4,754
2,409
1,690
1,957
1,701

11,243

10,536

10,359

1,218
1,313
595
151
129
416

1,293
1,359
857
175
145
522

5,995
1,305
1,404
989
192
131
520

5,452
1,507
1,721
823
219
128
509

2,302
309
1,267
1,043
555
1,221
1,203
480
280
433
9,001
503
507
666
2,274
593
1,496
858
399
1,183
522
4,643
2,734
515
743
280
44
131
196

780

28,853
1,099
883
1,174
6,898
1,493
5,396
2,475
6,217
2,009
1,209

38,606
1,144
951
1,194
9,071
1,945
5,927
3,357
12,107
1,333
1,577
10,791

5,039

6,302

8,604

526
819
336
57
131
231

3,774
582
1,027
432
77
145
265

5,566
904
1,190
425
113
117

1,075

1,111

1,237

1,474

1,683

1,822

1,929

2,186

76

1,020
91

1,131
106

1,365
109

1,544
139

1,647
175

1,743
186

1,981
205

1,766

1,925

2,072

2,187

2,243

2,227

2,290

2,616

1,702
64

1,858
67

2,001
71

2,115
72

2,164
79

2,144
83

2,202
88

2,522
94

12,604

20,423

23,882

25,768

28,010

34,626
10,454
24,172

14,460

17,411

3,876
8,728

4,500

5,276
12,135

6,223
14,200

16,959

7,647
18,121

8,244
19,766

8,501

8,829

9,819

11,277

12,202

12,893

13,596

16,068

880
204
163
904
390
5,960

980
186
186
872
405
6,200

1,096
148
220
903
444
7,008

1,186
105
362
8,173

1,406
209
280
1,026
488
8,793

1,658
223
271
1,028
529
9,184

1,824
388
267
1,021
568
9,528

2,228
394
45
1,397
750
11,254

7,471

7,945

8,789

10,193

11,726

13,090

14,065

16,621
1,322
2,563
2,124
90
1,482
839
1,129
816
3,021
957
480
634
1,164

261
448
310
1,460
719
193
381
564

585
1,292
1,240
57
781
350
513
368
1,571
763
264
400
605

675
1,552
1,480
112
829
419
652
388
1,802
793
385
425
681

878
1,899
1,600
159
916
610
830
436
1,985
814
344
471
784

990
2,015
1,890
134
1,056
701
882
507
2,336
874
320
503
882

1,087
2,121
2,145
72
1,182
703
929
613
2,454
930
335
544
950

8,509

8,745

10,490

16,329

27,035

33,715

36,759

22,689

4,119
3,400
719
4,390
4,185
205

4,218
3,472
746
4,527
4,289
238

5,825
5,017
808
4,665
4,388
277

11,560
10,642
918
4,769
4,473
296

22,036
20,897
1,139
4,999
4,663

28,437
27,249
1,188
5,278
4,938
340

31,029
29,781
1,248
5,730
5,370

16,088
14,598
1,490
6,601
6,195
406

313

363

373

347

373

311

535

485
1,053
1,132
34
642
261
434
288
1,378
692
181
370
521

532
1,154
1,221

188

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 6.3.—National Income Without Capital Consumption
[Millions of
1948

Domestic income
Agriculture, forestry, and fisheries.

225,857

219,189

224,694 218,044

National income without capital consumption
adjustment..

1949

1960

1961

1962

1963

242,826

280,059

293,525

306,984

241,493

278,530

292,052 305,456

1954

1955

1956

1957

1958

305,328 333,273

353,037

368,786

370,807

403,617

303,519

350,871

366,485

368,564

401,201

331,294

1959

22,271

17,349

18,290

20,994

20,035

17,916

17,132

16,104

16,109

16,240

18,610

16,399

21,622
649

16,678
671

17,572
718

19,180
855

17,044
872
5,459

16,204
928

15,174
930

15,155
954

15,294
946

17,635
975

15,413
986

5,447

Farms

5,271

5,901

6,536

5,730

5,468

741
1,309
2,506
715

940
1,454
2,709
798

917
1,771
3,019
829

722
1,412
2,793

590
1,334
2,693
851

4,552

5,259

20,206
788
5,753

Metal mining-_
Coalmining
Oil and gas extraction
Nonmetallic minerals, except fuels..
Contract construction

615
2,460
1,915
457

488
1,726
1,874
464

658
2,006
2,053
542

753
2,123
2,251
626

1,839
2,351

796
1,716
2,282
665

10,696

10,612

11,972

14,183

15,306

15,701

15,690

16,757

19,405

18,891

20,529

Manufacturing

68,795

64,844

76,2%

90,318

92,605

100,501

94,708

107,976

116,348

107,900

124,163

32,911
7,635
418
5,037
3,601
2,353
3,357
4,108
3,880
1,267
1,255
35,884
2,784
1.193
2,297
6,157
4,362
6,329
4,031

30,556
7,458
495
4,017
3,430
2,184
3,503
4,149
3,046
1,155
1,119
34,288
2,341
1,166
2,246
5,631
3,980
5,754
3,794

33,364
7,734
468
4,406
3,528
2,706
3,691
4,944
3,443
1,318
1,126
42,932
2,960
1,403
2,810
7,402
5,071
6,619
4,823

38,412
8,185
546
5,053
3,920

40,332
9,319
702
4,294
'4,163

3,930
5,990
4,127
1,927
1,348
51,906
3,340
1,538
3,199
9,371
6,025
9,140
5,758

38,259
8,870
586
4,468
4,026
3,151
4,188
5,776
3,819
2,016
1,359
54,346
3,115
1,604
3,016
8,252
5,961
9,962
6,584

4,535
6,093
4,444
2,080
1,365
60,169
3,044
1,618
3,332
9,714
6,581
10,048
7,331

39,719
9,433
691
3,705
3,961
3,410
4,715
6,238
4,430
1,782
1,354
64,989
2,891
1,558
3,379
8,015
6,271
9,140
6,688

44,046
10,316
706
4,184
4,203
3,810
5,142
7,354
4,761
2,174
1,396
63,933

46,375
10,690
814
4,045
4,430
4,124
5,804
7,985
4,484
2,493
1,506
69,973
2,981
1,939
4,169
11,803
7,786
11,529
8,721

45,771
11,151
880
3,872
4,421
4,084
5,731
7,817
4,027
2,372
1,416
62,129
2,970
1,804
4,072
9,534
7,235
9,894
8,400

51,243
12,179
982
4,481
4,759
4,629
6,279
9,094
4,479
2,796
1,566
72,920
3,539
2,071
4,765
10,890
8,086
11,751
10,198

2,058
4,029
1,038
1,606

2,093
4,800
1,018
1,465

2,264
6,586
1,268
1,726

3,781
6,306
1,619
1,829

5,807
6,379
1,827
1,839

6,949
7,588
2,009
1,955

6,442
2,021
1,888

6,639
9,548
2,171
2,084

7,355
7,364
2,424
2,173

8,590
7,783
2,503
2,170

8,243
5,387
2,463
2,127

8,443
7,951
2,881
2,345

12,809

12,066

13,380

14,962

15,509

15,861

14,639

15,962

17,005

17,446

16,545

17,889

7,503
1,554
4,914
1,621
1,031
321
502

6,736
1,513
4,989
1,410
1,092
330
475

6,929
1,608
5,712
1,513
1, 255
359
513

6,657

7,014

7,728

5,927
730

6,243
771

6,878
850

Agricultural services, forestry, and fisheriesMining

Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products..
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
Durable goods.
Lumber and wood products..
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electricalElectrical equipment and supplies.
Transportation equipment, except motor vehicles
and equipment, and ordnance.
Motor vehicles and equipment
Instruments and related products__
M iscellaneous manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit.
Trucking and warehousing
Water transportation
Air transportation
Pipeline transportation
Transportation services

Telephone and telegraph
Radio and television broadcasting.
Electric, gas, and sanitary services.

113,175
46,253
10,368
750
4,261
4,490
4,299
5,484
7,618
5,054
2,435
1,494
66,922
3,433
1,929
1,808
4,206
4,051
10,508 11,307
7,398
6,975
9,630 11,366
7,123
7,967

7,124
1,471
2,325
1,062
345
194
288

6,362
1,415
2,403
985
391
205
305

7,073
1,406
2,839
1,025
474
259
304

7,772
1,506
3,125
1,328
582
284
365

7,897
1,550
3,416
1,304
654
294
394

7,686
1,531
3,840
1,392
725
288

6,547
1,485
3,877
1,233
788
297
412

7,102
1,493
4,340
1,416
879
293
439

7,549
1,490
4,659
1,547
975
313
472

3,036

3,347

3,868

4,283

4,761

5,065

5,660

6,159

2,565
255

2,772
264

3,029
318

3,476
392

3,847

4,279
482

4,522
543

5,018
642

5,461

Finance, insurance, and real estate.
Banking
Credit agencies other than banks
Security and commodity brokers, dealers, and
services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies

3,176

3,652

3,912

4,551

5,053

5,435

5,928

6,222

6,643

7,000

7,450

8,140

39,049

40,950

45,100

46,694

47,285

48,271

52,296

54,844

57,292

58,369

63,423

12,849
27,028

Wholesale tradeRetail trade

12,179
26,870

13,297
27,653

15,578
31,116

15,764
31,521

15,823
32,448

17,845
34,451

19,340
35,504

20,338
36,954

20,818
37,551

22,775
40,648

19,080

20,469

22,811

15,361
29,739
24,932

27,421

30,307

33,053

35,307

37,235

39,779

42,852

46,296

5,750
-457

6,017
-596

6,637
-1,022

935
3,227
1,635

1,394
4,559
1,868
32,469
391

Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c.
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
Government and government enterprises

.

2,541
-157

2,703
-171

3,035
-313

3,483
-371

3,818

4,230
-414

4,465
-341

4,775
-383

5,361
-466

292
1,916
677
13,765
46

311
2,342
701
14,564
19

415
2,205
824
16,545
100

428
2,269
938
18,033
152

444
2,628
1,084
19,676
164

476
3,085
1,192
21,570
168

3,297
1,330
23,435
185

805
3,256
1,372
25,233
249

3,058
1,513
26,563
340

351

1,192
3,979
1,740
30,238
282

19,976

Services.




870
18,649

39,877

Wholesale and retail trade

Rest of the world

1,040
1,753
2,923

2,820

Communication -

Federal
Government
Government enterprises
State and local
Government
Government enterprises

5,513

20,410

21,702

23,473

24,983

26,743

27,687

31,053

33,816

36,375

38,339

42,078

1,344
2,842
1,436
909
704
903
831
3,921
1,176
944
1,462
1,140
2,364

1,364
2,912
1,471
842
651
886
804
4,040
1,257
1,010
1,652
1,164
2,357

1,390
3,024
1,680
865
667
867
789
4,407
1,344
1,078
1,766
1,252
2,573

1,466
3,167
1,941
933
752
878
821
4,823
1,455
1,139
1,932
1,504
2,662

1,560
3,281
2,199
959
815
870
881
5,269
1,515
1,189
2,054
1,776
2,615

1,595
3,421
2,478
1,013
838
850
985
5,798
1,606
1,267
2,267
1,934
2,691

1,626
3,505
2,663
1,035
826
955
1,040
5,871
1,758
1,370
2,441
2,026
2,571

1,720
3,665
3,003
1,173
877
981
1,122
7,093
1,926
1,488
2,628
2,324
3,053

1,815
3,921
3,484
1,337
978
951
1,197
7,526
1,979
1,685
2,825
2,850

1,909
4,200
3,834
1,324
1,042
900
1,236
8,272
2,131
1,847
3,070
3,287
3,323

1,893
4,241
4,096
1,448
987
827
1,377
9,068
2,232
1,999
3,337
3,331
3,503

2,071
4,470
4,715
1,605
1,009
894
1,507
10,127
2,612
2,195
3, 756
3,564
3,553

19,747

22,005

23,574

30,396

34,650

35,487

36,075

38,056

40,650

43,407

46,864

49,088

21,719
18,975
2,744
18,931
17,621
1,310

22,481
19,567
2,914
20,926
19,558
1,368

23,792
20, 545
3,247
23,072
21,578
1,494

24,205
20,862
3,343
24,883
23,133
1,750

2,166

2,301

2,243

2,416

10,586
8,910
1,676
9,161
8,521
640

11,856
9,999
1,857
10,149
9,442
707

12,669
10,734
1,935
10,905
10,145
760

18,377
16,237
2,140
12.019
11,160
859

21,342
18,909
2,433
13,308
12,252
1,056

21,015
18,608
2,407
14,472
13,334
1,138

20,190
17,780
2,410
15,885
14,698
1,187

20,945
18,357
2,588
17, 111
15,837
1,274

1,163

1,145

1,333

1,529

1,473

1,528

1,809

1,979

1960

189

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Adjustment by Industry: Annually, 1929-74—Continued
dollars]
1961

1962

1963

1964

1965

1966

1967

1970

1971

1972

1973*

National income without capital consumption
adjustment
429,761 459,728 484,026 519,526 565,434 621,601 655,616 715,732 771,071 804,425 866,020 956,771 1,075,748 1,157,461
Domestic income

426,676 456,158 480,348 515,176 560,753 617,407 651,055 710,979 766,607 799,809 859,406 949,722 1,066,705 1,143,058

Agriculture, forestry, and fisheries...

18,118

18,636

18,463

17,620

20,366

21,866

20,694

21,303

24,066

24,455

30,649

47,756

Farms
Agricultural services, forestry, and fisheries..
Mining

17,056
1,062

17,363
1,273

17,203
1,260

16,185
1,435

18,805
1,561

20,177
1,689

18,931
1,763

19,364
1,939

21,856
2,210

22,191
2,264

23,182
2,500

27,897
2,752

44,609
3,147

5,607

5,433

5,776

5,987

6,013

6,229

6,785

6,978

7,810

7,425

8,700

10,395

844
1,196
2,697
870

746
1,151
2,604
932

790
1,235
2,714
1,037

851
1,360
2,659
1,117

856
1,372
2,670
1,115

998
1,423
2,625
1,183

620
1,491
3,045
1,229

1,465
3,219
1,219

975
1,551
3,186
1,266

1,179
2,231
3,099
1,301

998
2,188
2,768
1,471

1,073
2,493
3,563
1,571

1,540
2,925
4,032
1,898

21,726

23,202

24,707

27,077

29,840

32,653

34,105

37,289

41,952

43,821

47,771

Metal mining
Coalmining
Oil and gas extraction
Nonmetallic minerals, except fuels.
Contract construction..
Manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment, except motor vehicles
and equipment, and ordnance
Motor vehicles and equipment
Instruments and related products
Miscellaneous manufacturing industries

52,277

58,327

124,698 135,999 143,189 154,081 170,361 189,399 193,159 210,811 221,353 215,388 224,704 251,811

281,589

52,532
12,563
1,053
4,298
5,009
4,887
6,784
9,409
4,161
2,829
1,539
72,166
3,187
2,053
4,513
10,154
8,048
11,859
10,887

106.615
20,820
1,811
8,596
10,202
11,020
14,632
20,084
8,814
8,271
2,365
174,974
9,431
4,872
9,698
21,617
20,394
31,867
26,394

54,958 57,224
12,842 13,419
1,210
1,137
4,753
4,656
5,597
5,433
5,088 5,264
7,398
7,093
9,807 10,501
4,073
4,059
3,278
3,161
1,731
1,682
81,041 85,965
3,755
3,445
2,365
2,261
5,037
4,713
11,458
10,833
9,184
8,781
13,448 14,099
12,109 12,309

2,435

9,856
9,817
3,250
2,528

10,437
11,298
3,447
2,576

61,324 65,416 72,106 74,526 81,286 85,525
91,505 97,943
14,153 14,232 15,672 16,174 17,073 17,818 19,579 20,070 20,286
1,143
1,696
1,267
1,773
1,730
1,475
1,181
1,096
1,350
7,525
7,646
8,374
7,535
5,213
5,872 6,438
7,108
7,474
8,873
9,640
8,594 8.722
6,007 6,494 7,134
8,213
6,820 7,486
7,968
8.337
9,421
8,132
5,579
6,005 6,706
9,934 10,760 11,724 11,883 12,462 13,530
8,252
8,725
11,288 12,398 13,616 13,658 15,364 15,970 16,042 16,800 18,337
5,274
6,632 6,897 7,088
6,043 6,098 5,943
4,299
4,811
4,498 4,721
3,569
3,939
5,548 6,090 5,804 6,458 7,421
2,057
2,237 2,189
2,116
2,244
2,149
1,783
1,844
2,286
92,757 104,945 117,293 118,633 129,525 135,828 127,300 133,199 153,868
6,114
6,055 7,664
4,618
5,537
4,557
4,145
4,534
5,419
4,526
3,912 3,715
3,820
3,189
2,584 2,904 3,190
3,497
7,534
8,670
5,867
6,976
5,765
5,409
5,654
6,309
16,024 15,149 15,654 16,286 15,757 15,494 18,474
12,947 14,491
10,095 11,475 12,975 13,365 14,442 15,344 14,812 15,284 17,769
16,052 18,239 21,181 21,794 22.862 24,559 24,353 23,552 27,294
12,759 14,855 17,433 18,538 19,694 20,753 20,132 20,631 23,353
10,683 11,330 13,731 15,306 16,587 16,132 14,480 13,487 14,864
11,807 14,455 14,188 12,560 15,829 15,826 12,086 17,504 20,211
6,457
6,159
3,606
5,653
5,797
5,800
5,103
4,128 4,908
3,767
4,586
2,670 2,880 3,178
3,579
3,740
3,307
4,038

18,252

19,019

19,943

21,131

23,069

24,800

25,203

27,005

28,797

30,308

32,964

36,453

41,565

6,517
1,653
6,101
1,631
1,404
349
597

6,437
1,677
6,633
1,704
1,631
335
602

6,611
1,695
6,963
1,802
1,844
400

6,690
1,750
7,477
1,953
2,202
381
678

7,016
1,897
8,396
1,982
2,636
390
752

7,275
1,957
9,068
2,265
2,970
402

6,775
2,040
9,265
2,314

7,291
2,155
11,363
2,405
4,085
457
1,041

7,612
2,308
11,830
2,503
4,358
528
1,169

7,981
2,476
13,467
2,358
4,916
544
1,222

8,355
2,464
15,492
2,480
5,665
653
1,344

9,453
2,582
17,609
2,900
6,646
808
1,567

Communication.

8,612

9,291

9,889

10,602

11,497

12,707

417
994
13,384

6,953
2,216
10,461
2,499
3,509
410
957
14,563

16,344

17,600

18,343

20,311

21,849

Telephone and telegraph
Radio and television broadcastingElectric, gas, and sanitary services-

7,703
909

9,493
1,109

10,255
1,242

11,336
1,371

12,035
1,349

13,065
1,498

14,730
1,614

15,887
1,713

16,554

1,025

8,791
1,098

18,181
2,130

19,507
2,342

13,548

14,371

Transportation.
Railroad transportation
Local and interurban passenger transit.
Trucking and warehousing.
Water transportation
Air transportation
Pipeline transportation
Transportation services

Wholesale and retail trade
Wholesale tradeRetail trade
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security and commodity brokers, dealers, and
services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c.
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
Government and government enterprises.
Federal
Government
Government enterprises. State and local
_
Government
Government enterprises
Rest of the world




8,645
7~"

15,834
22,814
7,186
4,867

1,789

9,331

9,731

10,333

10,974

11,442

12,165

12,659

65,743

69,837

72,961

79,248

84,662

91,335

97,643 106,883 115,618 122,213

24,215
41,528

25,498
44,339

14,864

17,589

18,773

144,606

162,599

54,401
47,939 90,205
84,927
50,792 53,591 56,101 59,173 63,987
74,477 81,124 86,738 92,625 103,113 112,493
7,322
7,569
7,976
8,415
8,943
9,774 10,726 12,269 15,039 16,448 15,960 17,074
-1,324 -1,456 -1,560 -1,879 -1,617 -1,678 -2,155 -2,183 -2,880 -1,981 -2,269 -3,381

63,389
99, 210

26,729
46,232

28,600
50,648

30,469
54,193

33,446
57,889
69,826

16,271
35,295
62,348

1,675
5,055
2,123
35,563
378

1,276
5,279
2,310
38,092
521

1,403
5,226
2,444
40,292
320

1,561
5,464
2,727
42,733
152

1,942
5,880
2,957
45,741
141

2,423
6,913
3,193
48,775
426

3,131
7,454
3,295
51,420
606

47,441

50,869

54,239

59,156

64,142

71,391

2,125
4,796
5,548
1,804
1,170
923
1,784
11,307
3,064
2,696
4,531
3,959
3,734

2,272
5,007
6,112
1,983
1,203
890
1,833
12,285
3,243
3,010
4,924
4,300
3,807

2,446
5,255
6,648
2,131
1,304
916
1,964
13,150
3,528
3,321
5,157
4,588
3,831

2,614
5,656
7,493
2,317
1,374
1,056
2,104
14,604
3,834
3,681
5,423
5,084
3,916

3,402
2,964
6,536
5,965
9,561
8,399
2,592
2,402
1,696
1,494
1,337
1,201
2,432
2,201
15,790 17,583
4,668
4,197
4,687
4,145
5, 787 6,401
6,474
5,629
4,022
3,968

56,356

60,550

64,747

70,127

75,374

38,594

41,984
73,634

132,866

44,860
77,353

121,170
20,431
-4,580

55,036
567

3,461
7,960
3,847
58,727
584

4,348
12,507
5,217
76,373
355

3,173
12,941
5,677
83,325
203

79,096

86,457

95,650 103,304 111,220 122,344

136,891

3,720
6,924
10,655
2,835
1,744
1,349
2,574
20,172
5,003
5,156
6,999
7,264
4,701

4,083
7,246
11,587
3,068
1,884
1,514
2,876
22,850
5,296
5,677
7,646
7,874
4,856

4,418
7,380
13,128
3,427
2,115
1,473
2,959
26,166
5,829
6,249
8,590
9,000
4,916

5,507
7,471
16,551
4,492
2,557
1,576
3, 745
36,586
8,398
8,010
10,646
11,456
5,349

6,246
7,754
19,410
5,255
2,879
1,714
4,378
40,825
9,593
8,992
11,357
13,097
5,391

85,036

94,250 105,211 114,740 127,421 139,047 152,489

165,791
62,416
51,931
10,485
103,375
97,191
6,184
9,043

4,092
7,735

2,733
9,269
4,223
61,812
121

4,659
7,436
14,051
3,616
2,149
1,581
3,321
29,472
6,691
8,912
9,673
5,055

4,107
11,253
4,744
69,161
157

4,988
7,344
14,729
4,111
2,316
1,560
3, 485
32,569
7,522
7,143
10,017
10,259
5,177

26,460
22,594
3,866
29,896
27,934
1,962

28,115
24,064
4,051
32,435
30,243
2,192

29,565
25,164
4,401
35,182
32,857
2,325

31,680
27,003
4,677
38,447
35,873
2,574

28,298
5,005
42,071
39,294
2,777

37,921
32,431
5,490
47,115
44,115
3,000

41,493
35,612
5,881
52,757
49,530
3,227

45,826
39,273
6,553
59,385
55,906
3,479

48,924
41,801
7,123
65,816
61,939
3,877

53,093
44,723
8,370
74,328
69,964
4,364

55,654
46,763
8,891
78,486
4,907

59,724
50,060
9,664
92,765
87,312
5,453

3,085

3,570

3,678

4,349

4,681

4,194

4,561

4,753

4,464

4,616

6,614

7,049

43,772

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

190

Table 6.4.—National Income Without Capital Consumption Adjustment by Industry:
[Billions of
1929
National income without capital consumption adjustment..

1930

1931

1932

1933

1934

1935

60.0

43.0

40.5

49.8

57.5

65.4

74.1

67.9

73.0

42.6

40.2

49.5

57.2

65.1

73.8

67.5

72.7

1937

1938

87.1

75.8

86.3

75.0

8.6
5.9

6.5
4.9

5.2
3.2

3.5
1.8

3.8
1.4

4.2
2.3

6.6
2.6

5.8
3.6

7.7
4.1

6.0
3.5

6.0
4.0

21.9
10.6
11.3

18.3
9.8
8.5

12.5
7.5
5.0

7.3
5.2
2.1

7.7
4.9
2.8

11.1
6.5
4.6

13.4
7.3
6.1

16.3
8.2
8.1

19.5
9.6
9.9

15.2
8.4
6.7

18.1
9.1
9.0

6.6
1.1

5.6
1.1

4.4
1.0

3.2
.8

3.0
.7

3.4
.8

3.7
.8

4.3
.9

4.6
1.0

4.1
1.0

4.6
1.1

Electric, gas, and sanitary services
Wholesale and retail trade.
Wholesale trade
Retail trade

1.6
13.5
4.3
9.3

1.6
12.4
4.1
8.3

1.6
9.9
3.2
6.7

1.5
6.5
2.2
4.3

1.3
5.6
1.8
3.8

1.4
8.3
2.5
5.8

1.4
9.4
3.0
6.4

1.6
10.8
3.3
7.5

1.7
12.4
4.0
8.4

1.7
12.1
3.8
8.3

1.8
12.6
3.9
8.7

Finance, insurance, and real estate

13.1

11.1
8.3

9.1
7.1

7.4
5.6

6.3
5.0

6.1
5.7

6.4
6.1

7.1
6.8

7.7
7.4

8.2
7.1

8.5
7.5

5.3

5.4

5.1

5.3

6.3

6.7

8.1

7.8

8.6

8.5

.7

.5

.4

.3

.3

.4

.3

.3

.4

.3

Domestic income
Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation
Communication

Services

8.8

Government and government enterprises

5.1

Rest of the world

.8
1951

National income without capital consumption adjustment.

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

280.1

293.5

307.0

305.3

333.3

353.0

368.8

370.8

403.6

418.0

429.8

278.5

292.1

305.5

303.5

331.3

350.9

366.5

368.6

401.2

415.5

426.7

Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods

21.0
19.9

20.0
20.8

17.9
21.2

17.1
21.0

16.1
22.7

16.1
25.2

16.2
25.9

18.6
24.6

16.4
26.0

17.5
26.6

18.1
27.3

90.3
38.4
61.9

92.6
38.3
54.3

100.5
40.3
60.2

94.7
39.7
55.0

108.0
44.0
64.0

113.2
46.3
66.9

116.3
46.4
70.0

107.9
45.8
62.1

124.2
51.2
72.9

125.4
51.8
73.6

124.7
52.5
72.2

Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

15.0
3.9

15.5
4.3

15.9
4.8

14.6
5.1

16.0
5.7

17.0
6.2

17.4
6.7

16.5
7.0

17.9
7.7

18.1
8.2

18.3
8.6

4.6
45.1
15.4
29.7

5.1
46.7
15.6
31.1

5.4
47.3
15.8
31.5

5.9
48.3
15.8
32.4

6.2
52.3
17.8
34.5

6.6
54.8
19.3
35.5

7.0
57.3
20.3
37.0

7.5
58.4
20.8
37.6

8.1
63.4
22.8
40.6

8.9
64.7
23.4
41.3

9.3
65.7
24.2
41.5

24.9
23.5

27.4
25.0

30.3
26.7

33.1
27.7

35.3
31.1

37.2
33.8

39.8
36.5

42.9
38.3

46.3
42.1

48.6
44.6

50.8
47.4

30.4

34.7

35.5

36.1

38.1

40.7

43.4

46.9

49.1

52.7

56.4

1.5

1.5

1.5

1.8

2.0

2.2

2.3

2.2

2.4

2.5

3.1

Domestic income

Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world
1946
II
National Income without capital
consumption adjustment

III

IV

II

1949

1948

1947
III

II

IV

III

IV

II

III

IV

171.7

179.0

187.2

193.5

195.8

197.2

200.3

208.3

217.3

224.9

229.7

231.5

223.7

218.7

218.8

215.8

171.2

178.6

186.7

192.8

194.9

196.2

199.4

207.3

216.2

223.8

228.5

230.3

222.5

217.5

217.6

214.8

16.5
8.4

17.2
8.9

19.6
10.2

20.5
10.7

20.7
11.4

17.7
12.4

18.9
13.2

20.0
13.9

20.1
15.0

23.3
15.8

23.4
16.8

22.2
16.8

18.1
16.2

17.3
15.4

16.7
14.7

17.2
14.5

40.6
23.4
17.2

49.2
25.0
24.2

51.2
23.5
27.7

55.8
27.5
28.3

56.6
27.4
29.2

59.4
26.9
32.6

59.9
28.6
31.3

62.3
29.3
33.0

67.1
32.0
35.0

68.0
33.1
34.9

69.5
33.3
36.2

70.7
33.3
37.5

67.6
31.3
36.3

64.1
30.2
33.9

65.6
30.6
35.0

62.2
30.2
32.0

9.7
2.9

10.7
1.4

10.7
2.2

10.4
2.2

11.1
2.3

11.6
1.9

11.7
2.4

12.1
2.6

12.7
2.7

12.9
2.8

12.8
2.8

12.9
2.9

12.4
2.9

12.4
3.1

12.0
3.1

11.6
3.1

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

2.6
32.1

2.5

2.7
36.0

2.6
36.4

2.5
36.7

2.9
36.7

2.8
37.4

2.8
39.3

3.1
39.0
12.6
26.4

3.1
40.0
12.9
27.1

3.2
40.2
13.0
27.3

3.4
40.4
13.0
27.3

3.5
40.1
12.7
27.4

3.7
39.4
12.3
27.1

3.8
38.7
12.1
26.6

3.6
38.0
11.7
26.3

Finance, insurance, and real estate
Services
Government and government enter-

15.4
15.8

16.1
16.3

16.3
16.9

16.6
17.5

16.5
17.6

16.4
18.1

16.9
18.2

17.7
18.2

18.4
19.5

18.9
19.9

19.3
20.2

19.7
20.3

19.9
20.2

20.1
20.3

20.6
20.3

21.3
20.8

27.2

22.4

20.8

20.3

19.5

19.1

17.8

18.3

18.6

19.1

20.2

21.0

21.5

21.8

22.1

22.6

.5

.5

.5

.7

.9

.9

.9

1.0

1.1

1.2

1.2

1.2

1.2

1.2

1.2

1.0

Domestic income
Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation..
Communication.

Rest of the world.

•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY OF CURRENT
BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY OF
CURRENT BUSINESS.
_.
. . A
, <JB .
.
. . .
NOTE.—-The industry classification of compensation of employees, proprietors' income,




and rental income is on an establishment basis; the industry classification of corporate profits
and net interest is on a company basis. The industry classification of these items is based
on the 1967 Standard Industrial Classification beginning with 1948 and on the 1942 Standard
Industrial Classification prior to 1948. Estimates for 1948 of national income without capital
consumption adjustment based on the 1942 Standard Industrial Classification are available
from the Bureau of Economic Analysis.

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

191

Annually, 1929-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]
1940
National income without capital consumption adjustment

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

81.6

104.7

138.0

171.3

183.7

182.5

182.9

200.5

225.9

219.2

242.8

81.2

104.3

137.7

171.0

183.3

182.1

182.4

199.5

224.7

218.0

241.5

6.1
4.5

8.4
6.6

12.6
9.1

14.9
8.2

15.1
7.1

15.7
7.1

18.5

19.3
12.7

22.3
16.1

17.3
15.2

18.3
17.2

22.5
10.3
12.2

33.2
12.9
20.3

45.4
16.6
28.9

58.3
19.6
38.6

60.3
21.0
39.3

52.2
21.2
31.0

49.2
24.9
24.3

59.6
28.1
31.5

68.8
32.9
35.9

64.8
30.6
34.3

76.3
33.4
42.9

5.0
1.1

6.3
1.2

8.6
1.5

10.8
1.7

11.2
1.8

10.5
1.9

10.4
2.2

11.6
2.3

12.8
2.8

12.1
3.0

13.4
3.3

Electric, gas, and sanitary services.
Wholesale and retail trade
Wholesale trade
Retail trade

1.9
14.5
4.5
10.0

2.1
17.4
5.3
12.1

2.2
20.4
6.2
14.2

2.2
23.9
6.9
17.0

2.2
25.8
7.6
18.1

2.3
28.0
8.2
19.8

2.6
34.6
10.5
24.2

2.8
37.6
11.7
25.9

3.2
39.9
12.8
27.0

3.7
39.0
12.2
26.9

3.9
41.0
13.3
27.7

Finance, insurance, and real estate.
Services
...

8.8
7.9

9.8
8.8

11.3
10.2

12.2
11.7

12.9
13.1

13.6
14.1

16.1
16.6

16.9
18.0

19.1
20.0

20.5
20.4

22.8
21.7

Government and government enterprises.

8.7

10.5

16.3

27.0

33.7

36.8

22.7

18.7

19.7

22.0

23.6

.4

.4

.4

.3

.4

.3

.5

.9

1.2

1.1

1.3

Domestic income.
Agriculture, forestry, and fisheries.
Mining and contract construction
Manufacturing
Nondurable goods.
Durable goods
Transportation..
Communication.

Rest of the world
1962
National income without capital con.
sumption adjustment

1963

1964

1965

1966

1967

1968

956.8

1,075.7

1,157.5

711.0

766.6

859.4

949.7

1,066.7

1,143.1

21.3
44.1

24.1
48.9

24.5
51.6

25.7
55.2

30.6
61.0

47.8
68.7

193.2
74.5
118.6

210.8
81.3
129.5

221.4
85.5
135.8

215.4
88.1
127.3

224.7
91.5
133.2

251.8
97.9
153.9

281.6
1G6.6
175.0

43
74.8
.6
294.2
119.0
175.3

24.8
12.7

25.2
13.4

27.0
14.6

28.8
16.3

30.3
17.6

33.0
18.3

36.5
20.3

41.6
21.8

45.1
23.8

11.4
84.7
30.5
54.2

12.2
91.3
33.4
57.9

12.7
97.6
35.3
62.3

13.5
106.9
38.6
68.3

14.4
115.6
42.0
73.6

14.9
122.2
44.9
77.4

16.3
132.9
47.9
84.9

17.6
144.6
54.4
90.2

18.8
162.6
63.4
99.2

20.0
178.5
74.8
103.7

59.2
59.2

64.0
64.1

69.8
71.4

74.5
79.1

81.1
86.5

86.7
95.7

92.6
103.3

103.1
111.2

112.5
122.3

121.2
136.9

130.3
152.7

64.7

70.1

75.4

85.0

94.3

105.2

114.7

127.4

139.0

152.5

165.8

180.0

3.7

4.3

4.7

4.2

4.6

4.8

4.5

4.6

6.6

7.0

9.0

14.4

456.2

515.2

18.6
28.6

18.5
30.5

17.6
33.1

136.0
55.0
81.0

143.2
57.2
86.0

Transportation..
Communication.

19.0
9.3

Electric, gas, and sanitary services..
Wholesale and retail trade
Wholesale trade
Retail trade

560.8

617.4

20.4
35.9

21.9
38.9

20.7
40.5

154.1
61.3
92.8

170.4
65.4
105.0

189.4
72.1
117.3

19.9
9.9

21.1
10.6

23.1
11.5

9.7
69.8
25.5
44.3

10.3
73.0
26.7
46.2

11.0
79.2
28.6
50.6

Finance, insurance, and real estate
Services

53.6
50.9

56.1
54.2

Government and government enterprises

60.6
3.6

519.5

565.4

1950

715.7

1951

II

III

IV

224.1

234.5

250.1

262.5

223.0

233.3

248.6

261.0

17.6
15.1

17.4
16.8

18.5
18.1

66.3
30.8
35.5

72.5
32.2
40.3

12.2
3.1

III

IV

271.9

278.3

282.7

287.5

270.6

276.7

281.1

19.6
18.9

20.5
19.3

21.0
19.9

21.0
20.2

80.1
34.1
46.0

86.4
36.4
50.0

88.2
37.4
50.8

90.9
38.6
52.2

12.7
3.3

13.9
3.4

14.5
3.5

14.5
3.7

3.8
39.3
12.3
27.0

3.9
40.2
12.7
27.5

4.0
41.9
13.8
28.1

4.1
42.4
14.3
28.0

Finance, insurance, and real estate
Services..

21.9
21.1

22.4
21.4

23.2
21.8

Government and government enter
prises

22.5

22.6

23.7

Domestic income
Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

Rest of the world




..

1.2

1.2

1.5

1953

1952

II

National income withoutcapital consumption adjustment

1974*

866.0

655.6
651.1

Rest of the world.

1973*

799.8

621.6

Manufacturing
Nondurable goods.
Durable goods

1972

804.4

484.0
480.3

Agriculture, forestry, and fisheries.
Mining and contract construction..

1971

771.1

459.7

Domestic income

1970

II

III

IV

II

III

IV

293.7

303.2

308.1

310.1

308.7

301.0

287.1

287.4

292.2

301.8

306.7

308.5

307.3

299.4

21.5
20.4

19.7
21.0

20.3
20.2

21.7
20.8

18.4
21.3

18.4
21.3

17.9
21.0

17.5
21.1

17.9
21.2

90.9
39.3
51.7

91.3
38.4
52.9

91.7
37.8
53.9

89.7
37.5
52.2

90.5
38.2
52.2

98.8
39.6
59.3

102.9
40.6
62.3

103.2
41.0
62.3

101.8
40.6
61.2

93.9
39.0
54.9

15.0
3.8

14.9
3.9

15.4
4.1

15.8
4.2

15.1
4.1

15.3
4.3

15.9
4.5

15.9
4.6

16.0
4.8

15.4
4.9

4.3
45.3
15.0
30.2

4.4
44.3
15.3
29.0

4.6
45.0
15.4
29.6

4.8
45.8
15.6
30.1

5.0
45.1
15.5
29.6

4.9
46.7
15.5
31.2

5.1
46.7
15.7
31.0

5.3
48.3
15.7
32.6

5.3
47.6
15.8
31.8

16.3
4.7
5.4
47.8
16.0
31.8

5.5
47.3
15.8
31.6

5.6
46.4
15.5
30.9

23.7
22.4

23.9
23.0

24.5
23.2

25.2
23.6

26.1
24.0

26.4
24.5

27.1
24.8

27.7
25.1

28.5
25.5

29.0
26.1

29.8
26.7

30.7
27.0

31.6
27.2

25.6

27.9

29.7

31.7

32.3

33.7

34.5

35.1

35.2

35.4

35.7

35.5

35.4

1.5

1.4

1.5

1.6

1.5

1.6

1.4

1.3

1.5

1.6

1.7

288.6

1.5

1.5

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

192

Table 6.4.—-National Income Without Capital Consumption Adjustment by Industry:
[Billions of
1954

1955

1956

Line

I
1

2

National income without capital consumption
adjustment.. . .

II

III

IV

I

II

III

IV

I

II

IV

[II

301.7

301.7

305.0

312.9

322.8

331.0

336.4

343.4

345.5

350.6

354.2

361.2

299.9

Domestic income

300.0

303.2

310.9

320.7

329.1

334.5

341.4

343.1

348.4

351.9

359.4

15.9
23.0

15.8
23.3

15.8
24.2

15.8
25.3

16.5
25.5

16.4
25.9

109.2
44.2
65.0

112.8
46.1
66.7

111.9
46.1
65.8

112.3
46.1
66.2

111.4
46.0
65.4

116.5
46.5
69.9

3
4
5
6

Agriculture, forestry, and fisheries.
Mining and' contract' construction

18.3
21.0

16.6
21.0

17.2
20.7

16.5
21.2

16.4
21.8

Manufacturing..
Nondurable'goods.
Durable goods

94.2
39.4
54.8

94.0
39.3
54.7

93.0
39.3
53.7

97.5
40.8
56.7

103.0
42.1
60.9

16.3
22.7
107.1
43.6
63.5

8
9

Transportation

14.7
4.9

14.6
5.0

14.5
5.1

14.8
5.3

15.3
5.4

15.8
5.6

16.2
5.7

16.4
5.9

16.9
6.0

17.1
6.1

16.8
6.3

17.3
6.3

Communication •

••

10
11
12
13

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
.- -

5.7
46.7
15.5
31.2

5.9
47.2
15.5
31.7

6.1
49.1
15.7
33.3

6.1
50.2
16.6
33.6

6.1
51.7
17.1
34.6

6.2
51.7
17.6
34.1

6.2
52.7
18.2
34.5

6.4
53.1
18.5
34.6

6.5
53.1
18.5
34.6

6.6
54.4
19.1
35.3

6.7
56.0
19.8
36.2

6.7
55.9
19.9
36.0

14
15

Finance, insurance, and real estate
Services .

32.0
27.0

32.7
27.2

33.4

34.1

27.8

28.7

34.5
29.6

35.1
30.6

35.4
31.8

36.3
32.6

36.5
32.9

37.1
33.5

37.4
34.1

38.0
34.8

Government and government enterprise!j

35.5

35.9

36.3

36.6

36.9

38.0

38.4

38.9

39.4

40.2

41.2

41.7

1.7

1.7

2.0

1.9

2.0

2.0

2.3

2.2

2.3

1.8

16
17

Rest of the world

1.8

2.0

I
1
2

III

IV

I

119.0

418.4

415.5

416.7

116.6

415.9

412.8

16.1
26.3

17.7
26.7

17.9
26.7

131.3
52.6
78.8

Domestic income

][I

419.0

National income without capital consumption
adjustment

1962

1961

1960

Line

1
126.5

51.9
74.6

IV

II

III

IV

I

II

III

416.2

424.9

432.8

445.2

451.3

457.9

461.8

467.9

413.2

422.0

429.7

441.9

448.2

454.4

458.3

463.7

18.1
26.6

18.1
26.8

17.9
27.0

18.0
27.5

18.5
28.1

18.8
28.1

18.7
28.5

18.5
28.8

18.5
29.2

124.2
52.1
72.0

119.8
50.6
69.1

117.9
51.0
66.9

123.2
52.5
70.6

126.2
52.7
73.5

131.5
53.9
77.6

133.3
54.1
79.2

135.4
55.0
80.4

136.4
54.8
81.6

138.9
55.9
82.9

17.5
8.5

18.0
8.5

18.5
8.6

19.0
8.9

19.0
9.1

18.9
9.2

19.0
9.4

19.2
9.4

3
4

Agriculture, forestry, and fisheries..
Mining and contract construction

5
6
7

Manufacturing
Nondurabtegoods
Durable goods

8
9

Transportation
Communication.

18.4
8.0

18.3
8.2

18.0
8.4

17.9
8.4

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

8.7
64.6
23.4
41.2

8.9
65.3
23.4
41.9

9.0
64.7
23.5
41.2

9.7

64.3
23.5
40.9

65.2
24.0
41.2

66.0
24.4
41.5

67.4
25.0
42.5

9.6

64.3
23.4
40.9

68.9
25.1
43.8

69.8
25.5
44.3

70.2
25.6
44.6

70.5
25.8
44.7

15

Finance, insurance, and real estate..
Services..

48.2
43.9

48.4
44.5

48.8
44.8

49.0
45.4

49.6
46.4

50.4
46.9

51.1
47.7

52.0
48.7

52.5
49.5

53.3
50.6

54.1
51.4

54.4
51.9

16

Government and government enterprises

51.1

52.1

53.5

54.2

54.9

55.7

56.7

58.2

59.4

60.1

60.7

62.0

2.4

2.3

2.5

2.7

3.0

2.9

3.1

3.3

3.1

3.5

3.5

4.1

10
11

12
13
14

17

Rest of the world

1967

Line

9.1

9.1

9.4

9.3

1968

2

National income without capital
consumption adjustment
Domestic income

9.9

II

III

IV

I

II

III

[V

I

II

640.8

647.3

659.8

674.6

690.6

709.2

725.1

738.0

752.7

636.8

643.3

654.9

669.4

686.2

704.1

720.3

733.4

747.8

20.1
39.7

20.4
39.9

21.0
40.9

21.2
41.4

20.7
42.2

20.5
43.8

21.6
44.6

22.4
45.6

23.5
46.9

191.7
73.8
117.9

190.7
73.3
117.4

192.7
74.3
118.3

197.6
76.7
120.9

203.0
78.5
124.5

209.5
80.3
129.2

212.9
82.9
130.0

217.8
83.5
134.4

9.7

1970

1 969

I
1

9.6

II

III

IV

793.4

801.3

812.0

811.0

788.6

797.0

807.2

806.4

24.9
50.4

25.2
50.7

24.8
51.1

23.9
51.9

23.9
52.8

221.7
86.9
134.8

217.8
87.4
130.4

218.0
87.8
130.2

217.8
88.8
129.1

208.0
88.4
119.5

III

IV

766.3

779.7

785.6

761.8

775.4

781.5

219.1
83.9
135.2

23.8
48.7
221.1
85.1
136.0

24.0
49.7
223.5
86.3
137.3

I

3
4
5
6
7

Agriculture, forestry, and fisheries
Mining and contract construction

8
9

Transportation
C ommunication

24.9
13.1

24.8
13.3

25.3
13.5

25.7
13.7

26.4
14.0

26.8
14.1

27.2
14.8

27.6
15.4

27.8
16.0

28.8
16.4

29.1
16.4

29.5
16.7

29.7
17.0

29.5
17.6

31.2
17.9

30.8
18.0

13

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
. .

12.4
95.1
34.7
60.4

12.6
96.8
34.9
61.8

12.6
98.5
35.4
63.1

13.0
100.1
36.1
64.0

13.0
103.0
37.0
66.0

13.4
105.7
38.1
67.6

13.9
108.7
39.3
69.4

13.8
110.1
40.0
70.2

14.2
112.6
40.5
72.1

14.2
115.4
41.4
73.9

14.6
116.9
42.5
74.3

14.5
117.6
43.5
74.1

14.7
119.4
44.0
75.4

14.7
121.5
44.6
77.0

14.8
123.3
45.3
78.0

15.2
124.6
45.6
79.0

14
15

Finance, insurance, and real estate
Services

72.4
76.4

73.8
78.3

75.2
80.1

76.5
81.6

78.6
83.9

80.6
85.8

82.1
87.2

83.2
88.9

85.5
92.0

86.5
94.7

87.1
96.7

87.8
99.2

89.3
100.7

90.8
102.4

93.7
104.0

96.7
106.1

16

Government and government enterprises.

90.9

92.6

95.0

98.6

101.2

103.7

107.3

108.7

110.2

112.2

117.4

119.2

124.1

126.6

128.7

130.3

4.1

4.1

4.9

5.2

4.4

5.2

4.8

4.6

4.9

4.5

4.4

4.1

4.7

4.3

4.8

4.6

10
11
12

17

Manufacturing.
Nondurable goods
Durable goods

Rest of the world




193

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

Annually, 1929-74, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
dollars]
1967

1958
IV

368.7

372.3

366.8

360.8

362.3

373.2

386.2

396.1

408.4

403.3

406.6

364.7

366,1

369.8

364.9

358.8

360.0

370.9

383.9

393.8

406.2

400.9

403.9

15.7
25.9

15.9
26.2

16.7
26.0

16.7
25.6

18.9
24.6

18.6
24.1

18.5
24.5

18.4
25.2

17.4
25.8

16.6
26.4

15.6
25.8

16.0
26.0

119.0
46.7
72.3

117.5
46.6
71.0

116.6
46.5
70.2

111.9
45.7
66.2

104.5
44.3
60.2

103.1
44.2
58.9

108.4
46.4
62.0

115.0
47.9
67.1

121.7
50.1
71.6

129.3
51.4
77.9

123.2
51.9
71.3

122.5
51.6
70.9

17.5
6.5

17.5

17.7
6.7

17.1

16.2
6.8

16.1
7.0

16.6
7.1

17.3
7.2

17.9
7.5

18.4
7.7

6.9
57.0
20.3
36.7

7.0
58.0
20.5
37.5

7.2
57.4
20.4
37.0

7.3
56.1
19.9
36.2

7.4
56.9
20.2
36.7

7.5
59.0
21.2
37.8

7.6
61.5
22.0
39.5

7.9
62.2
22.3

8.0
63.6
22.9
40.7

17.4
7.8
8.2
63.9
23.0
40.9

17.8
7.9

6.8
56.8
20.2

8.0
64.4
22.9
41.1

35.6

39.2
36.2

40.4
36.8

41.2
36.9

41.7
37.4

42.4
38.1

43.1
38.5

44.3
39.2

44.6
40.4

45.8
41.6

47.0
42.5

47.8
43.7

42.5

43.1

44.0

44.1

45.3

46.4

47.7

48.1

48.4

48.9

49.3

49.8

2.3

Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods

2.6

2.5

1.9

2.1

2.2

2,3

2.3

2.3

2.2

2.5

2.7

Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world

1963

National income without capital consumption adjustment

1964
HI

n

IV

IV

II

IV

III

366.9

Domestic income

III

III

II
National income without capital consumption
adjustment.

II

1959

1965

II

III

IV

1966

ra

n

IV

n

ra

IV

473.0

480.1

487.6

495.4

506.1

515.6

525.5

530.8

546.9

558.3

570.0

586.5

605.6

616.8

627.2

636.8

469.3

476.6

484.0

491.6

501.7

511.4

521.0

526.6

542.0

553.3

565.3

582.5

601.4

612.6

623.2

632.5

18.6
29.4

18.5
30.3

18.6
31.0

18.1
31.3

17.2
32.0

17.5
32.9

17.6
33.2

18.2
34.1

19.0
34.9

20.7
35.4

20.9
35.9

20.8
37.2

23.3

21.9
38.8

21.6

20.7

138.9
55.9
83.0

142.0
56.4
85.6

144.8
58.0
86.7

147.1
58.5
88.5

150.3
59.7
90.6

153.1
61.0
92.0

156.7
62.0
94.7

156.3
62.6
93.7

165.5
64.1
101.4

167.8
64.3
103.4

171.3
65.7
105.6

176.9
67.5
109.3

184.3
70.0
114.3

188.9
72.3
116.6

190.8
72.6
118.2

193.6
73.6
120.0

Transportation..
Communication.

19.2
9.7

20.0
9.8

20.1
10.0

20.5
10.1

20.9
10.3

20.9
10.6

21.3
10.6

21.4
10.9

21.9
11.2

23.0
11.2

23.4
11.6

24.0
12.0

24.4
12.2

24.9
12.6

24.7
13.0

25.3
13.0

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

10.3
71.8
26.1
45.7

10.2
72.3
26.4
45.8

10.4
73.2
26.9
46.3

10.5
74.6
27.4
47.2

10.8
76.7
28.0
48.7

10.9
78.6
28.4
50.2

11.0
80.4
28.9
51.5

11.2
81.3
29.1
52.2

11.3
82.6
29.7
52.9

11.5
83.5
30.2
53.3

11.4
85.2
30.6
54.6

11.7
87.3
31.3
56.0

11.9
89.2
32.7
56.6

12.1
90.6
33.3
57.3

12.3
91.9
33.6
58.3

12.3
93.7
34.2
59.4

Finance, insurance, and real estate
Services
Government and government enterprises

55.3
53.0

55.7
53.7

56.3
54.7

57.1
55.5

58.1
57.2

58.7
58.8

59.5
59.8

60.5
60.8

61.5
61.3

63.1
63.2

64.6
65.0

66.7
67.0

68.5
68.4

69.4
70.1

70.3
72.6

71.1
74.5

63.2

64.0

65.0

66.8

68.2

70.9

72.1

72.8

73.9

76.0

78.8

81.2

83.4

86.6

3.7

3.5

3.6

3.9

4.4

4.5

4.2

5.0

5.0

4.7

4.1

4.2

4.2

4.1

Domestic income
Agriculture, forestry, andfisheries_
Mining and contract construction.
Manufacturing
Nondurable goods.
Durable goods

Rest of the world.

1971

4.3

1972

1974*

II

in

842.4

859.3

871.5

890.9

924.2

942.5

964.1

996.2 1,036.9 1,060.2 1,087.8 1,118.2 1,136.0 1,144.9 1,168.3

1,180.7

836.9

852.1

865.7

882.9

917.9

936.0

956.8

988.1 1,028.1 1,051.5 1,079.1 1,108.2 1,118.9 1,132.8 1,154.6

1,165.9

26.4
53.4

25.0
54.9

24.1
55.8

27.2
56.7

29.3
60.0

30.7
60.5

29.8
61.1

32.8
62.4

40.8

46.0
67.1

50.8
70.3

53.4
71.8

51.2
72.5

40.1
74.6

40.2
75.8

43.6
75.6

221.2
89.7
131.5

224.1
91.0
133.1

224.1
92.4
131.7

229.4
93.0
136.4

241.3
95.7
145.6

248.5
96.3
152.2

253.3
98.5
154.7

264.2
101.2
163.0

275.2
103.5
171.6

279.8
106.1
173.7

282.1
105.9
176.2

289.2
110.9
178.3

289.8
115.7
174.1

294.5
120.9
173.6

299.0
122.1
176.9

293.7
117.2
176.4

31.7
18.4

33.0
18.4

33.7
18.2

34.9
19.7

35.5
20.1

36.9
20.6

38.4
20.9

40.5
21.1

41.0
21.3

41.6
22.5

43.2
22.5

44.0
22.9

45.6
23.3

46.1
23.9

44.9
25.0

Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade

15.9
127.9
46.4
81.4

16.3
130.9
47.1
83.8

16.5
135.1
48.5
86.7

33.5
18.4
16.3
137.6
49.8
87.8

16.5
140.7
52.1
88.6

17.8
142.0
53.0
89.1

17.8
145.4
54.9
90.5

18.3
150.3
57.6
92.6

18.5
156.0
60.2
95.7

18.4
159.2
61.9
97.3

19.1
164.8
64.4
100.4

19.2
170.5
67.1
103.4

18.6
172.3
71.0
101.4

19.6
178.7
73.3
105.4

20.4
180.2
75.7
104.5

21.4
182.9
79.3
103.5

Finance, insurance, and real estate
Services
Government and government enterprises

98.5
108.1

101.8
110.1

105.4
112.2

106.7
114.5

109.3
117.8

110.0
121.1

114.5
124.1

115.7
126.5

117.5
131.7

119.5
135.2

122.5
138.6

125.2
142.1

126.6
146.6

128.4
150.4

132.7
155.3

133.7
158.5

135.5

137.6

140.6

142.5

148.0.

149.9

153.4

158.6

161.4

163.9

166.8

171.0

174.6

177.5

181.1

186.7

17.0

12.1

13.7

14.8

National income without capital
consumption adjustment
Domestic income
Agriculture, forestry, and fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation
Communication

Rest of the world




5.5

7.2

5.8

IV

1973*

4.3

8.0

in

6.2

6.5

7.3

IV

8.1

II

8.8

8.7

in

8.7

II

IV

10.0

in

IV

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

194

Table 6.5.—Compensation of Employees
[Millions of
1929
Compensation of employees
Domestic industries
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Anthracite mining
Bituminous and other soft coal mining
Crude petroleum and natural gas
Nonmetallic mining and quarrying
Contract construction
Manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished fabric products
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
Durable goods
Lumber and timber basic products
Furniture and finished lumber products
Stone, clay, and glass products
Iron and steel and their products, including ordnance..
Nonferrous metals and their products
Machinery, except electrical
Electrical machinery
Transportation equipment, except automobiles
Automobiles and automobile equipment
Miscellaneous manufacturing
Transportation
Railroads
Local and highway passenger transportation
Highway freight transportation and warehousing
Water transportation
Air transportation (common carriers)
Pipeline transportation
Services allied to transportation
Communication
Telephone, telegraph, and related services
Radio broadcasting and television
Electric, gas, and sanitary services
Utilities: electric and gas
Local utilities and public services, n.e.c
Wholesale and retail trade
Wholesale trade
Retail trade and automobile services
Finance, insurance, and real estate
Banking
Security and commodity brokers, dealers, and exchanges.
Finance, n.e.c
Insurance carriers
Insurance agents and combination offices
Real estate
Services

Hotels and other lodging places
Personal services
Private households
Commercial and trade schools and employment agencies.
Business services, n.e.c
Miscellaneous repair services and hand trades
Motion pictures
Amusement and recreation, except motion pictures
Medical and other health services...
Legal services
Engineering and other professional services, n.e.c
Educational services, n.e.c
Nonprofit membership organizations, n.e.c
Government and government enterprises
Federal..
Government
Government enterprises
State and local
Government
>
Government enterprises

1930

1931

1932

51,088
51,087

46,835

39,741

46,834

39,740

1,419

1,291

1,304
115
1,539

1934

1935

1936

1937

31,054

29,538

31,053

29,537

34,293

37,334

42,902

47,921

34,292

37,333

42,901

1,022

757

695

47,920

755

864

954

1,181
110

918
104

620
75

1,105

682
73

778
86

871
83

992
113

700

927

985

1,162

1,368

53
134
284
182
47

69
162
394
245
57

143
430
262
61

142
515
296

206
141
573
351
97

788

920

1,349

1,011

673
84
698

204
265
618
326
126

256
515
298
111

104
208
387
228
84

54
153
266
172
53

2,540

2,142

1,529

863

16,243

13,991

10,933

7,783

7,921

9,746

10,961

6,008
1,346
109
1,072
784
355
1,071
536
200

4,734
1,149
74
903
572
283
722
428
156
142
305
3,187
201
255
231
821
207
500
306
94
352
220

5,498
1,344
84
1,012
693
337
813
502
181
178
354
4,248
255
278
290
1,089
267
685
413
134
571
266

5,918
1,411
84
1,117
783
362
872
532
204
184
369
5,043

1,230
326
783
491
168
515
324

4,667
1,115
85
774
561
277
843
420
166
133
293
3,116
179
255
243
736
207
497
290
118
370
221

334
1,314
321
832
466
146
694
304

12,672
6,408
1,532
90
1,178
850
403
958
584
219
213
381
6,264
384
399
410
1,703
383
1,050
582
209
798
346

7,623
1,586
143
1,465
1,055
435
1,243
671
248
283
494
8,620
713
617
627
2,147
544
1,408
868
264
982
450

1,540
131
1,207
916
417
1,248
629
248
224
420
7,011
547
491
533
1,820
421
1,185
720
256
636
402

4,925
309

79
1,350

1,463
15,186
7,214
1,731
101
1,303
895
476
1,076
701
265
243
423
7,972
459
464
506
2,196
484
1,391
778
286
1,007
401

4,813

4,332

3,622

2,736

2,537

2,766

2,961

3,357

3,762

3,303
661
333
215
5
48
248

2,926
621
322
195
9
42
217

2,407
541
295
168
13
38
160

1,752
435
263
137
14
29
106

373
258
144
14
29
91

1,782
389
286
154
14
34
107

1,894
405
327
162
17
36
120

2,154
435
366
198
22
40
142

2,377
471
426
238
28

766

769

589

520

554

569

621

713

756
10

754
15

674
21

565
24

499
21

529
25

587
34

668
45

783

803

742

628

570

616

542
27
662

725

812

751

771
32

712
30

602
26

547
23

25

26

28

785
27

9,374

8,766

7,634

5,956

5,331

6,159

7,341

8,442

3,397
5,977

3,220
5,546

2,757
4,877

2,152
3,804

1,895
3,436

2,192
3,967

2,382
4,301

2,597
4,744

2,984
5,458

2,989

49

173

2,808

2,527

2,145

1,939

2,031

2,111

2,313

2,524

784
408
257
821
240
479

321
247
828
232
441

670
267
223
777
210
380

235
198
648
187
295

499
245
178
579
166
272

516
234
184
604
180
313

524
206
201
645
190
345

542
252
233
689
206
391

574
260
256
758
224
452

5,538

5,277

4,609

3,758

3,368

3,688

3,904

4,310

4,786

427
755
1,718
34
359
108
310
323
398
124
81
296
605

409
730
1,485
33
371
106
313
299
406
131
75
307
612

343
646
1,148
27
311
98
307
256
386
132
55
311
589

258
526
836
19
262
83
241
191
346
126
36
303
531

219
459
733
16
243
73
227
161
317
118
34
281
487

272
500
851
18
294
76
253
176
324
116
37
279
492

529
912
22
326
81
282
180
349
121
40
284

318
584
1,017
26
392
84
317
205
388
126
51
295
507

363
652
1,190
31
414
91
360
239
433
135
57
312
509

5,083

5,306

5,416

5,140

5,317

6,262

6,713

8,096

7,759

2,371
1,757
614
4,342
4,178
164

4,220
3,558
662
3,876

3,675
3,000
675
4,084

180

195

1

1

1

1,450
869
581
3,633
3,456
177

Rest of the world
n.e.c. Not elsewhere classified.
•Revised estimates for 1973 and 1974 will be shown in the July 1976 SURVEY O? CURRENT




1933

1,489
905
584
3,817
3,630
187

1,493
911
582
3.923
3,737
186

1

1,414
870
544
3,726
3,565
161

1,640
1,155
485
3,677
3,531
146

2,225
1,685
540
4,037
3,884
153

BUSINESS. Further revisions to the 1974 estimates will be shown in the July 1977 SURVEY or
CURRENT BUSINESS.

195

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
by Industry: Annually, 1929-74
dollars]
1940
Compensation of employees

48,094

1941

1942

1943

1944

1945

1946

52,110

64,774

85,257

109,543

121,211

123,092

118,052

52,107

64,768

85,247

109,559

121,262

123,156

118,092

1,097

1,139

1,370

1,786

2,194

2,401

2,514

2,780

992
105

1,033
106

1,252
118

1,634
152

2,030
164

2,207
194

2,306
208

2,542
238

1,204

1,360

1,621

1,855

2,072

2,285

2,261

2,482

168
130
480
335
91

203
124
570
357
106

246
143
712
383
137

287
165
858
374
171

324
187
957
425
179

277
209
1,091
538
170

240
203
1,056
595
167

243
249
1,115
656
219

3,074

4,925

4,120

3,037

3,107

4,664

44,960

40,182

13,857
3,106
165
2,127
1,965
920
1,353
2,172
705
670
674
31,103
910
800
880
7,089
1,393
4,356
2,834
10,545
1,096

14,599

Domestic industries
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Anthracite mining
Bituminous and other soft coal mining
Crude petroleum and natural gas
Nonmetallic mining and quarrying

1,650

1,821

14,321

16,397

22,775

32,248

42,658

7,128
1,707
102
1,224
967
468
1,037
702
280
236
405
7,193
432
458
494
1,907
453
1,167
673
324
864
421

7,532
1,790
108
1,261
980
515
1,044
849
326
258
401
8,865
489
492
542
2,334
547
1,505
808
555
1,098
495

9,261
2,018
119
1,673
1,261
652
1,119
1,150
388
351
530
13,514
654
630
710
3,347
780
2,435
1,224
1,518
1,538
678

11,109
2,392
125
2,001
1,497
731
1,134
1,731
477
414
607
21,139
795
701
808
4,724
1,066
3,712
1,805
4,899
1,713
916

12,830
2,764
152
2,137
1,786
849
1,225
2,118
576
575
648
29,828
882
766
875
6,817
1,360
4,319
2,479
10,146
1,001
1,183

3,644

3,866

4,520

5,596

6,956

2,240
455
465
224
36
44
180

2,373
441
524
240
45
46
197

2,803
472
643
274
57
51
220

3,532
609
771
314
80
58
232

4,264
785
883
487
118
69
350

Contract construction
Manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished fabric products
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
Durable goods
Lumber and timber basic products
Furniture and finished lumber products
Stone, clay, and glass products
Iron and steel and their products, including ordnance.
Nonferrous metals and their products
Machinery, except electrical
Electrical machinery
Transportation equipment, except automobiles
Automobiles and automobile equipment
Miscellaneous manufacturing.
Transportation
Railroads
Local and highway passenger transportation
Highway freight transportation and warehousing
Water transportation
Air transportation (common carriers)
Pipeline transportation
Services allied to transportation
Communication

7,989

9,104

4,758
958
1,053
902
160
87
470

4,713

5,135
1,210
1,262
701
249
93
454

760
135
82
454

750

Utilities: electric and gas
Local utilities and public services, n.e.c

878

966

1,093

1,188

1,349

1,766

807
71

890
76

1,006
87

1,033
105

1,227
122

1,619
147

826

Electric* gas, and sanitary services

782
720
62
875

928

937

931

978

1,061

1,307

798
28

Radio broadcasting and television

845
30

897
31

904

942
36

1,021
40

1,261
46

8,729

Retail trade and automobile services
Finance, insurance, and real estate
Banking
Security and commodity brokers, dealers, and exchanges
Finance, n.e.c
Insurance carriers
Insurance agents and combination offices
Real estate
Services
Hotels and other lodging places
Personal services
Private households
Commercial and trade schools and employment agencies.
Business services, n.e.c
Miscellaneous repair services and hand trades
Motion pictures
Amusement and recreation, except motion pictures
Medical and other health services
Legal services
Engineering and other professional services, n.e.c
Educational services, n.e.c
Nonprofit membership organizations, n.e.c
Government and government enterprises
Federal
Government
Government enterprises
State and local

IIIIIIIIII-II
IIIIIIIIII-

10,773

11,349

12,289

13,426

15,166

20,222

3,358
6,016

3,935

4,182
7,167

4,366
7,923

4,755
8,671

5,307
9,859

6,907
13,315

2,522

Wholesale trade

9,374

3,141
5,588

Wholesale and retail trade

3,436

4,316

2,599

2,752

2,864

3,013

3,166

600
180
232
797
232
481

170
245
820
231
511

654
158
271
870
245
554

710
131
270
910
266
577

765
154
251
942
284
617

829
167
243
968
298
661

4,840

5,149

5,587

6,392

7,198

8,117

376
638
1,132
28
433
97
353
230
478
142
75
337
521

402
712
1,221
28
443
94
353
246
513
144
80
348
565

430
799
1,240
46
491
125
386
270
558
151
123

459
925
1,480
91
507
148
425
281
641
150
214

541
1,078
1,600
133
554
214
477
291
744
149
199
433
785

1,182
1,890
102
652
243
531
337
845
159
197
465
883

8,509

8,745

10,490

16,329

27,035

4,119
3,400
719

4,218
3,472
746
4,527
4,289
238

5,825
5,017
808
4,665
4,388
277

11,560
10,642
918
4,769
4,473

4,185
205

Rest of the world
1. Includes Coast Guard.
NOTE.—The industry classification is on an establishment basis and is based on the 1967




8,388

1,200

695
55

Telephone, telegraph, and related services

Government
Government enterprises

179
2,199
2,078
976
1,526
2,210
773
662
727
25,583
884
831
899
6,090
1,304
4,069
2,544
6,797
945
1,220

17,082
3,760
197
2,808
2,558
1,190
1,983
2,076
823
781
906
21,180
1,094
1,106
1,186
4,721
1,413
4,150
2,355
1,851
1,941
1,363

3

10

228
247
324
701

1,086
286
314
1,296
430
904
10,500

221
494
952

835
1,634
2,124
69
962
310
703
524
1,135
184
275
579
1,166

33,715

36,759

22,689

20,897
1,139
4,999
4,663
336

28,437
27,249
1,188
5,278
4,938
340

31,029
29,781
1,248
5,730
5,370

16, OSS
14,598
1,490
6,601
6,195
406

-16

-51

-64

695
1,311
2,145
59
753
245
573
384

-40

Standard Industrial Classification beginning with 1948 and o.i the 1942 Standard Industrial
Classification prior to 1948.

196

THE NATIONAL INCOME AND PRODUCT ACCOUNTS
Table 6.5.—Compensation of Employees
[Millions of
1948
Compensation of employees
Domestic industries
Agriculture, foresty, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Coalmining.
Oil and gas extraction
Nonmetallic minerals, except fuels
Contract construction
Manufacturing
:
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products.
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products.
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies.
Transportation equipment, except motor vehicles
and equipment, and ordnance
Motor vehicles and equipment
Instruments and related products
Miscellaneous manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Air transportation
Pipeline transportation
Transportation services
Communication
Telephone and telegraph
Radio and television broadcasting
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security and commodity brokers, dealers, and
services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Government
Civilian.
Military i
Government enterprises
State and local
Government
Government enterprises
Rest of the world




1949

1950

141,440

141,318

154,844

141,354

141,260

154,766

3,319

3,143

3,176

3,000
319

2,817
326

3,597
354
1,953

998
292
7,523

1951

1952

1953

1954

1955

1956

1957

1958

1959

181,000

195,698

209,570

208,397

224,907

243,513

256,481

258,245

279,579

180,986

195,696

209,577

208,454

224,977

243,595

256,559

258,317

279,659

3,331

3,303

3,195

3,080

3,071

3,107

3,213

3,404

3,491

2,821
355

2,932
399

2,868
435

2,746
449

2,606
474

2,598
473

2,611
496

2,710
503

2,872
532

2,952
539

3,182

3,501

3,987

4,056

4,179

3,839

4,157

4,668

4,824

4,315

4,412

343
1,520
1,018
301

374
1,723
1,066
338

456
1,882
1,250
399

507
1,684
1,430
435

1,618
1,522

514
1,246
1,596
493

580
1,322
1,725
530

661
1,501
1,909
597

1,528
1,996

557
1,233
1,897
628

550
1,204
1,989
669

7,358

8,431

10,467

11,393

12,194

13,116

14,593

14,816

16,201

86,399

95,741

53,042
2,597
1,603
2,965
8,277
6,189
9,015
6,720

34,650
8,537
374
3,492
4,032
3,038
4,706
5,165
1,949
2,023
1,334
55,535
2,358
1,649
3,043
8,690
6,542
9,333
7,142

34,721
8,754
387
3,322
3,927
3,117
4,823
5,235
1,924
1,931
1,301
51,678
2,338
1,600
3,007
7,560
6,172
8,263
7,052

37,558
9,257
406
3,729
4,312
3,436
5,155
5,641
1,962
2,228
1,432
58,183
2,662
1,792
3,409
8,456
6,845
9,463
8,450

5,957
5,544
1,684
1,622

6,
5,190
1,893
1,733

7.719
5,277
2,037
1,745

7,482
4,521
1,977
1,706

7,945
5,106
2,209
1,846

12,564

13,370

14,463

15,142

14,445

15,476

5,907
1,294
3,068
1,152
655
158
330

6,091
1,289
3,489
1,262
737
158
344

6,567
1,308
3,822
1,349
874
167
376

6,626
1,358
4,058
1,507
1,022
174
397

6,094
1,310
4,124
1,305
1,052
172
388

6,199
1,346
4,745
1,388
1,204
176
418

3,403

3,580

3,832

4,196

4,466

4,463

4,698

3,021
382

3,145
435

3,361
471

3,676
520

3,913
553

3,874
589

4,077
621

47,059

53,600

63,659

68,840

27,603
1,965
995
1,708
4,560
3,427
4,980
3,343

21,538
5,458
229
3,178
2,948
1,548
2,754
2,377
1,121
946
979
25,521
1,739
953
1,637
4,088
3,184
4,350
2,999

23,533
5,790
241
3,635
3,176
1,788
2,929
2,632
1,149
1,138
1,055
30,067
2,073
1,167
1,888
5,048
3,813
4,852
3,581

25,991
6,397
278
3,777
3,317
2,057
3,168
3,200
1,380
1,345
1,072
37,668
2,385
1,234
2,246
6,234
4,534
6,665
4,452

27,288
6,742
295
3,661
3,458
2,143
3,391
3,477
1,515
1,448
1,158
41,552
2,387
1,317
2,235
6,277
4,812
7,437
5,075

76,374
29,199
7,158
314
3,697
3,671
2,375
3,684
3,883
1,612
1,608
1,197
47,175
2,379
1,400
2,451
7,121
5,490
7,949
5,936

1,912
2,663
835
1,215

1,865
2,767
805
1,134

1,918
3,511
950
1,266

3,398
3,937
1,218
1,365

5,158
4,031
1,414
1,409

10,376

9,946

10,499

12,040

5,817
1,255
1,678
919
342
132
233

5,382
1,237
1,758
834
358
130
247

5,587
1,219
2,076
870
384
126
237

6,410
1,282
2,385
1,076
460
143
284

2,306

2,425

2,511

2,098
208

2,196
229

2,251
260

49,454
21,851
5,356
215
3,563
3,054
1,577
2,609
2,365
1,082
1,012
1,018

612

471

15,034

11,960
72,867

79,991

86,423

29,297
7,413
326
3,326
3,535
2,457
3,871
4,019
1,682
1,508
1,160

31,287
7,763
339
3,532
3,745
2,684
4,136
4,302
1,736
1,793
1,257

33,381
8,262
362
3,600
3,975
2,919
4,453
4,776
1,828
1,895
1,311

43,570
2,256
1,335
2,431
6,256
5,230
7,259
5,446

48,704
2,523
1,509
2,738
7,572
5,783
7,777
5,995

6,256
5,013
1,597
1,583

5,P31
4,412
1,578
1,536

12,604

13,175

6,452
1,320
2,658
1,149
556
156
313

6,458
1,340
3,014
1,257
619
159
328

2,785

3,090

2,483
302

2,752
338

90,185

1,816

1,962

2,116

2,341

2,544

2,753

2,908

3,051

3,290

3,491

3,761

3,958

24,738

25,027

26,765

29,445

31,017

32,959

33,811

36,161

39,144

41,240

42,100

45,405

8,994
15,744

8,850
16,177

9,456
17,309

10,675
18,770

11,238
19,779

11,913
21,046

12,268
21,543

13,115
23,046

14,588
24,556

15,438
25,802

15,889
26,211

17,104
28,301

5,325

5,580

6,184

6,790

7,356

8,024

8,741

9,510

10,372

11,071

11,845

12,957

1,341
339

1,426
377

1,542
422

1,725
486

1,907
561

2,097
631

2,251
708

2,419
808

2,655
924

2,882
1,011

3,108
1,081

3,302
1,191

256
1,670
358
1,292

252
1,809
390
1,255
71

323
1,988
432
1,410
67

352
2,183
489
1,482
73

352
2,401
533
1,514

362
2,664
588
1,592
90

460
2,861
643
1,720
98

562
3,013
687
1,913
108

577
3,278
763
2,054
121

585
3,603
828
2,030
132

682
3,904
894
2,024
152

867
4,203
960
2,264
170

13,153

13,573

14,409

15,745

16,843

18,068

18,795

20,662

22,689

24,486

25,905

28,232

1,595
2,869
3,471
969
593
807
1,157
4,625
602
2,064
3,761
2,166
3,553

948
1,822
1,045
573
369
683
611
1,520
228
877
1,464
649
2,364
19,747
10,586
8,910
4,681
4,229
1,676
9,161
8,521
640

1,195
2,223
1,777
624
437
713
734
2,605
369
1,184
2,270
1,246
2,691

1,226
2,286
1,910
627
403
752
776
2,853
398
1,276
2,444
1,273
2,571

1,288
2,387
2,150
671
438
805
835
3,136
435
1,385
2,631
1,448
3,053

1,362
2,545
2,532
740
502
818
888
3,371
474
1,531
2,829
1,829
3,268

1,470
2,665
2,841
813
549
814
952
3,750
510
1,700
3,074
2,025
3,323

1,487
2,705
3,055
858
519
773
1,061
4,181
547
1,856
3,341
2,019
3,503

34,650

35,487

36,075

38,056

40,650

43,407

46,864

49,088

21,342
18,909
8,036
10,873
2,433
13,308
12,252
1,056

21,015
18,608
7,905
10,703
2,407
14,472
13,334
1,138

20,190
17,780
7,452
10,328
2,410
15,885
14,698
1,187

20.945
18,357
8,080
10,277
2,588
17,111
15,837

1,274

21.719
18,975
8,766
10,209
2,744
18,931
17,621
1,310

22,481
19,567
9,206
10,361
2,914
20,926
19,558
1,368

23,792
20,545
10,053
10,492
3,247
23,072
21,578
1,494

21.205
20,862
10,314
10,548
3,343
24,883
23,133
1,750

-7

-57

-70

-82

-78

-72

957
1,836
1,084
543
332
688
618
1,654
244
943
1,654
663
2,357

976
1,891
1,206
532
316
688
625
1,861
269
1,003
1,768
701
2,573

1,049
2,019
1,396
561
394
712
650
2,110
300
1,061
1,935
896
2,662

1,129
2,118
1,578
595
435
723
683
2,346
333
1,108
2,057
1,123
2,615

22,005

23,574

30,396

11,856
9,999
5,078
4,921
1,857
10,149
9,442
707

12,669
10,734
5,401
5,333
1,935
10,905
10,145
760

18,377
16,237
7,161
9,076
2,140
12,019
11,160
859

78

14

58

THE NATIONAL INCOME AND PRODUCT ACCOUNTS

197

by Industry: Annually, 1929-74—Continued
dollars]
1961
Compensation of employees
Domestic industries

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

303,568 325,098 342,882 367,957 396,543 439,290 471,915 519,815 571,354 609,150 650,271 715,145 797,745
303,698 325,178 342,930 36/, 996 396,520 439,243 471,858 519,768 571,294 609,077 650,204 715,100 797,717

Agriculture, forestry, and fisheries...

3,854

4,012

4,151

4,267

4,462

4,611

4,694

4,954

5,37V

5,733

5,898

6,287

7,254

Farms
Agricultural services, forestry, and fisheries...
Mining

3,225
629

3,319
.693

3,413
738

3,457
810

3,558
904

3,620
1,065

3,770
1,184

4,048
1,320

4,301
1,432

4,337
1,561

4,542
1,745

5,180
2,074

4,363

4,420

4,452

4,641

4,848

3,623
988
5,123

5,291

5,612

6,222

6,719

6,989

7,797

8,643

635
1,033
2,000
695

619
1,026
2,046
729

606
1,056
2,047
733

648
1,100
2,118
775

738
1,208
2,265
912

700
1,278
2,370
934

793
1,286
2,565
968

925
1,447
2,810
1,031

1,023
1,715
2,886
1,095

1,020
1,811
2,991
1,167

1,104
2,221
3,229
1,243

1,257
2.435
3,560
1,301

17,261

18,446

19,695

21,479

25,981

27,106

30,201

34,216

36,318

39,464

43,005

48,395

Metal mining
Coalmining
Oilahd gas extraction
Nonmetallic minerals, except fuels.
Contract construction..
Manufacturing
Nondurable poods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment, except motor vehicles and
equipment, and ordnance
Motor vehicles and equipment
Instruments and related products
Miscellaneous manufacturing industries
Transportation.
Railroad transportation
Local and interurban passenger transit.
Tnicking and warehousing
Water transportation
Air transportation
Pipeline transportation
Transportation services
Communication.
Telephone and telegraph
Radio and television broadcasting
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
Credit r rencies other than banks
Security and commodity brokers, dealers, and services.
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
M iscellaneous business services
Auto repair, services, and garages
M iscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c.
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
Government and government enterprises.
Federal
Government
Civilian
Military!
Government enterprisesState and local
Government
Government enterprises..
Rest of the world

 - 14
216-143 O - 77


99,565

107,786112,348 119,788

39,834 42,080 43,452
9,926 10,268 10,504
437
474
460
3,671 3,017 3,966
4,459 4,879
5,049
3,791 4,042 4,222
5,693 5,940 6,174
6,189
6,874
6,541
1,954
1,956
1,927
2,288 2,617 2,730
1,426
1 503
1,489
59,731 65,706 68,896
2,484 2,640 2,781
1,950 2,039
1,787
3.694 3,895
3,474
9,421
9,154
8,524
7,472 7,835
10,911 11,450
9,790
9,512 10,542 10,716

1,151
2,162
852
23,509

144,315 151,224 165,106 178,807 180,723 185,010 203,306 229,244

45,919
11,019
501
4,235
5,358
4,446
6,578
7,288
1,938
2,971
1,585
73,869
3,040
2,215
4,187
10,422
8,535
12,666
11,109

129,312
48,623
11,403
508
4,641
5,751
4,696
6,946
7,746
1,986
3,295
1,651
3,192
2,410
4,406
11,281
9,371
14,117
12,198

52,762
12,084
522
5,096
6,212
5,133
7,562
8,622
2,047
3,717
1,767
91,553
3,375
2,695
4,750
12.290
10,455
16,412
14,261

55,624 60,635 65,552
12,698 13,492 14,386
549
590
620
5,238
5,857
6,270
6,547 7,224
7,651
5,415
5,877
6,448
8,076
8,680
0,526
9,238 10,125 11,121
2,128
2,296
2,431
3,029
4,516
5,113
1,806
1,978
1,986
95,600 104,471 113,255
3,849
4,152
3,440
3,031
3,327
2,726
5,201
5,770
4,817
12,200 13.323 14,347
10,838 11,953 13,070
17,296 18,345 20,441
15,396 16,525 18,088

68,389 71,116 76,482 83,247
15,392 16,126 16,818 17,888
687
749
714
842
6,323 6,628 7,409
8,195
7,810
8,526
7,902
0,340
6,598 7,019
7,701
8,508
10,038 10,372 11,178 12,071
11,715 12,130 12,864 14,017
2,636
2,893
2,740
3,070
5,216
6,301
5,527
7,212
1,074
2,043
1,049
2,086
112,334 113,804 126,824 145,097
4,204
5,231
4,608
5,906
3,307
4,015
3,502
4,533
6,028 6,378 7,104
8,073
14,262 14,267 16,131 18,856
13,261 13,586 15.286 17.520
20,810 20,227 22,716 26,617
18,356 18,248 19,835 23,060

8,022
4,961
2,363
1,915

8,898
5,879
2,531
2,035

9,470
6,536
2,661
2,092

9,635
7,054
2,773
2,233

10,076
8,234
3,007
2,397

12,414
8,822
3,488
2,591

13,96