View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

GROSS NATIONAL PRODUCT, NATIONAL
;:

1

Durable goods
Nondurable goods
Services

3
4
5

._ .

New construction

8
9

-

Residential nonfarin
Other

10

-- .

_ _ -

Producers' durable equipment

11

Change in business inventories

12
13

Nonfarm
Farm

14

17

28 1, 599

328, 975

346, 999

365, 385

363, 112

397, 469 > 419, 180

442, 769

444, 224

482 056 I

181, 158

195, 013

209, 805

219, 774

232, G49

238, 025

256,940 ' 269,917

285, 164

293, 495

313 835

20, 593
93, 382
51, 434

22. 723
98, 737
56, 853

24, 584
96. 607
59, 967

30, 351
99. 801
64, 861

29, 471
110. 135
70, 199

29, 099
115, 100
75, 575

32. 875
117,961
81. 813

32, 398
119,328
86, 299

39, 632 | 38, 545 40, 355
124, 762 | 131,422 137, 728
92 546 i 99 950 107,081

37, 297
141. 963
114, 235

43,358 1
147 649 i
122 828 '

43, 087

32, 977

49, 970

56, 334

49, 863

50, 340

48, 872

63, 843

67,366

66, 125

56, 022

15. 254

19, 454

18, 813

24, 215

24,811

25, 532

27. 588

29, 722

34, 941 '

35, 512

36, 065

35, 416

72 045 i
t
40 294 ;

10, 122
9 332

9,642
9, 171

14, 100
10 115

12, 529
12 282

12,842
12, 690

13, 777
13 811

15, 379
14 343

18,705 < 17 677
16 236 i 17 835

17, 019
19 046

18, 047
17 369

22 322 1
17 972

18, 925

17, 236

IS. 940

21, 290

21, 264

22, 305

20, 789

23, 119 i 27.194

28, 497

23, 124

25,820 |

4,708

—3, 072

6 815

10. 233

3 067

447

— 1 639

5 783 i

4 660

1 563

— 2 518

5 931 |

2, 976
1,732

—2, 209
-863

6, 000
815

9, 057
1, 176

2,146
921

1, 068
-621

—2 129
490

5 486
997 ,
i
1,094 !

5 075
—415

801
762

—3, 555
1,037

5 413 i
518 i

,«7

1958

1959

1
'

!

4, 944

1,249

—968 !

26 209
21, 265

22 703
21, 454

22 874 i
23 842 !

75, 254

86, 536

93, 458

97,144 |

47, 548

45, 282

45, 730

49,711

52, 620

53 260 !

49, 289
8. 989
314

41, 189
6, 674
315

39,081 !1
6, 559 !
358

4(),355
5, 706
331

44, 406
5,727
422

44, 837
8,281
498

45 986 ';
7 782

23, 190

24. 866

27 706

30 310

33,237

36, 825

40, 838

43 884 <

279, 313

292, 155

305, 573

301, 794

330, 206

350, 836

366, 943

367, 686

180, 327

195, 012

208,812

207, 595

223, 852

242, 502

255, 499

257, 039

399, 648
'
277, 821

146, 391
124, 121
4,999
17, 271

170, 788
141, 928
8,684
20, 176

184, 835
151, 870
10, 472
22, 493

198. 030
164, 157
10, 337
23, 536

196. 259
161, 867
9, 951
24, 441

210, 902
174, 927
9,778
26, 197

227, 634
189, 593
9, 663
28, 378

238, 548
198. 379
9,644
30, 525

239, 673
196, 426
9. 767
33, 480

258, 206
212 893
9, 873
35, 440

7,799
3, 976
3, 823
2,743

9,539
4, 753
4, 786
3,582

10, 177
4, 861
5, 316
4,019

10, 782
4, 788
5, 994
4, 598

1 1. 336
5,122
6, 214
4,739

12, 950
5,814
7,136
5, 523

14, 868
6, 766
8, 102
6,273

16, 951
7,811
9.140
7,163

17, 366
7,978
9, 388
7,303

19, 615
9,479
10, 136
7, 877

587

2,376

1,318

-434

961

13 098
12 511

17 857
15, 481

17 431
16, 113

16 600
17, 034

17 476
16 515

28, 382

34, 536

40, 159

39, 029

60, 460

76, 044

82, 830

15, 650

19, 306

22, 241

19, 348

38, 768

52, 854

57, 964

11,360
5, 417
1, 127

11, 578
8,231
503

13, 570
8, 853
182

14, 257
5, 202
111

33 864
5. 213
309

46, 408
6, 717
271

12, 732

15, 230

17,918

19 681

21 692

198, 177

223, 487

217, 690

241, 876

128, 757

140, 969

140, 834

154, 190

_ .-.. 122, 858
105, 512
4, 067
13, 279

135.214
116, 443
3,970
14, 801

134, 310
113, 809
4,248
16, 253

5, 899
3. 565
2, 334
1, 555

5, 755
3, 042
2.713
1, 810

6,524
3, 503
3,021
2,024

State and local

1956

2,930

3, 760
13 958
10, 198

National defense
Other
Less* Government sales

1955

19 381 ! 23 135
18 287 i 20 205
!
75,592 j 78,967

3,490

Federal

2°

258, 054

178, 313

14 505
11,015

Government purchases of goods and services

19
30
21

259, 426

9,039

Exports
Imports

IS

1954

17 900
8. 861

Net exports of goods and services

15
16

1953

-462

Gross private domestic investment

6

---

1952

16, 667

-._

1951

1,298
-1,760

.

1950

7, 535
7,719

.

1949

31, 459

Personal consumption expenditures

1.948

165, 409

Gross national product

2

1947

234, 289

TABLE 1.— GROSS NATIONAL PRODUCT (11,
1-3)

Lino

508

f

TABLE 2.— NATIONAL INCO ME (18, 1-9)
1 !
2

National income
Compensation of employees.

3 :
4 j
5 i
6 j
i
7 i
8 i
9
10 '
11
12

_ .

.

Wages arid salaries
Private
Military
Government civilian

Supplements to wages and salaries
Employer contributions for social insurance- .Other labor income
Employer contributions to private pension
and welfare funds.
Other
Proprietors' income

13
14
15
16

Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment..
Profits before tax
Profits tax liability
Profits aftar tax
Dividends
Undistributed profits

24 '

903

997

1,080

1,204

1,297

1,396

1,475

1, 613

1, 829

1,977

2,085

2, 259

40, 194

35, 583

37, 541

42, 329

42, 233

40, 723

40, 442

42, 149

43,715

44, 457

46, 357

46, 499

22, 405
22, 815

22, 657
22. 194
463
12.926

23, 541
24, 635
-1.094
14, 000

25, 995
26, 322
— 327
16. 334

26, 896
26, 695
201
15, 337

27. 445
27. 613
— 168
13, 278

27, 751
27, 800
-49
12,691

30. 382
30, 580
— 198
11.767

32, 098
32. 600
-502
11,617

32, 677
32, 977
-300
11, 780

32, 340
32, 394
— 54
14,017

34, 673
34,812
— 139
1 1, 826

— 410
17, 7S9

6,510

17
I*
I '/<• i
20'.
21 •
22 :'
23

779
35, 492
19, 948
21.419
— 1.471
15, 544

-_ - -

Inventory valuation 'idiu^tinent

..

...

._ .

7,297

8,274

9, 013

9, 431

10, 154

10, 528

10, 869

10, 698

10, 913

11,891

12, 167

12, 401

23, 626

30, 848

28, 226

35, 663

40, 954

37, 672

37, 314

33, 743

43, 126

41,990

41,669

37, 448

46, 556

29, 525
1 1, 283
18. 242
6,521
11,721

33, 000
12, 483
20, 517
7,243
13, 274

26, 370
10, 375
15,995
7,473
8, 522

40 628
17, 865
22, 763
9,208
13, 555

42, 153
22, 447
19, 706
9,029
10, 677

36, 691
19, 459
17, 232
8, 954
8, 278

38.311
20, 222
18, 089
9, 225
8, 864

34, 061
17, 220
16,841
9,839
7, 002

44, 862
21, 827
23, 035
11,215
11.820

44, 683
21, 227
23, 456
12,132
11.324

43, 208
20. 922
22, 286
12, 588
9. 698

37, 698
18, 614
19, 084
12, 364
6. 720

47, 021
23. 196
23, 825
13, 363
10, 462

5 899

— ° 152

1 856

— 4 965

— 1 199

981

—997

—318

— 1 73'i

— 2 693

— 1 539

— 250

— 465

3, 792

4,179

4, 773

5, 469

6, 272

7,084

8, 196

9, 145

10,381

11,716

13, 427

14, 675

16,371

234, 289

259, 426

258, 054

284, 599

328, 975

346, 999

365, 385

363, 112

397, 469

419, 180

442, 769

444, 224

13, 030

15. 471

17, 274

19, 065

21, 970

24. 007

26, 526

28, 809

31, 986

34, 412

37, 443

38, 139

482, 056 t
40, 491

221, 259

243, 955

240, 780

265, 534

307, 005

322, 992

338, 859

334, 303

365, 483

384, 768

405, 326

406, 085

441,565

18, 641

20. 405

23, 747

25, 647

-734
198

1,247
187

30, 203
1 369
1,283
-431

30, 151
1 26?

-847
-171

28, 140
1 169
1.374
-154

32, 865
1 457

3. 541
-226

21,637
781
510
-162

33

35, 692
1 616
-2,428
948

38, 186
1, 790
-601
992

39, 350
1 845
-1,661
1,135

42, 571
1 801
-1,826
629

198, 177

223, 487

217,690

241,876

279,313

292, 155

305, 573

301,794

330, 206

350 836

366, 943

367, 686

399, 648

Less: Corporate profits and inventory valuation adjustment.
Contributions for social insurance
Excess of wage accruals over disbursements

23, 626

30. 848

28, 226

35, 663

40, 954

37, 672

37, 314

33, 743

43, 126

41, 990

41, 669

37, 448

46, 556

5. 683
15

5. 220
35

5. 737
-46

6, 870
24

8,170
74

8, 614
-22

8,728

9, 695
0

10, 995
0

12, 586
0

14, 522
0

14,827
0

17, 303
0

14
15

Plus: Government transfer payments to persons
Net interest paid bv government . ._ _ - . - . FMvidends
Business transfer payments

11, 113
4,420
6 521

10, 542
4,527
7 243
' 739

11.622
4,670
7 473
781

14, 304
4, 794
9 208

843

11,590
4,973
9 029
985

12. 041
5, 016
8 954
1, 169

12, 887
5,171
9 225
1, 369

14. 961
5, 407
9 839
L 262

16. 050
5, 389
11 215
1, 457

17. 190
5, 745
12 132
1 616

20, 089
6, 204
12 588
1,790

24, 517
6, 175
12 364
l', 845

25, 243
7,091
13 363
1.801

16

Equais: Personal income

208, 319

228, 468

256, 692

273,071

288, 259

289, 825

310,196

332, 943

351,423

360, 312

383, 287

25 i Net interest
TABLE 3.—RELATION OF GNP NATIONAL
INCOME AND PERSONAL INCOME (1-17, 1-18)

1

Gross national product...
Less: Capital consumption allowances

3
-^
tj

8
9
10
11
12
13

Equals: Net national product
Less: Indirect business tax and nontax liabilitv
Business transfer payments
Statistical discrepancy Plus: Subsidies minus current surplus of government
enterprises.
Equals: National income




674

674
191,581

739

210, 435

843

985

853

-243

988

INCOME, AND PERSONAL INCOME, 1947-59
[Billions of dollars, seasonally adjusted at annual rates]

r

III

II

I

IV

I

IV

III

II

19, ^9

19 58

19 57

19 56

II

Line
IV

III

II

I

III

IV

410.6

415.0

421.0

430. 0

438. 5

442.1

448. 3

442.3

432. 0

436.8

447.0

461.0

473.1

487.9

481.4

486.4

i

265. 6

268.2

270. 4

275.6

280.1

283. 3

288. 7

288.6

287.7

291.2

294.8

300.2

306.1

313. 6

316.0

319.6

2

38.8
129.7
97. 1

38.2
131.0
98.9

37.7
131. 7
101.0

39.4
133. 3
102.8

40.4
135. 4
104. 2

40.4
136.8
106. 2

40. 9
139.7
108.0

39.7
139. 0
109. 9

36. 5
139.7
111.5

36.4
141.4
113.4

36.7
143,0
115.1

39. 6
143.8
116.9

41.6
145. 3
119.2

44.4
147.7
121.4

44.0
148. 0
124.1

43.5
149. 6
126. 6

*

67.1

66.9

67.3

68.1

67.1

67.3

67.6

62.4

52.4

52.5

55.8

63.2

70.9

78.9

67.5

70.8

0

35.1

35.7

35.7

35. 5

35. 8

36.0

36.2

36.1

35.2

34.3

35. 0

36.8

39.4

41.3

41.1

39.4

7

17.8
17.3

18.0
17.7

17.6
18.1

17.3
18.2

17. 1
18.7

16.9
19.1

17.0
19.3

17.1
19.0

17.1
18.1

16.9
17.4

18.0
17.0

19.9
16.9

21.9
17.5

23.5
17.8

22.6
18.5

21.3
18.1

9

25.8

26.7

27.6

28. 6

28.9

28.6

28. 9

24.1

22.7

22.3

23. 5

23.9

26.1

26.5

26.8

10

6.2

4.4

4.0

4.0

2.3

2.7

2.5

-1.2

-6.9

-4.5

-1.6

2.9

7.6

11.5

-.1

4.. 7

11

6. 6

5.2

4.4

4.1

2.0

2.0

1.5

-2.3

-8. 0

-5.7

—2.6

2.0

fi. 9

11.0

-.5

4.3

12
13

27.5

s

1.4

2.6

3.5

4,3

6.0

5.1

5.1

3.5

1.7

1.3

1. 6

.4

-i.o

-.2

-.4

14

21.4
20. 0

22.6
20.0

24.1
20. 5

24.5
20. 2

27.0
21.0

26.4
21.3

26.6
21.5

24.9
21.3

22.5
20.8

22. 7
21 A

22.9
21.4

22.7
22.3

21.8
22.8

22.2
24.4

24.0
24.2

23.5
23. 9

15
16

82.0
__
47. 5

85.3

86.4

86.9

87.7

90.1

91.9

94.8

97.1

97.1

97.7

98.1

96.4

17

49.5

50. 0

50. 0

49.4

50.6

51.8

53.7

54.3

53.3

53.7

53.6

52. 5

18

45.0
5.5
.5

44.0
5.9
.5

44.4
6.8
.5

44.6
7.8
.6

44.9
9.1
.4

45.5
9.4
.6

45.9
7.9
.5

46.4
7.8
.5

46.1
8.0
.5

45. 5
7.5

36. 9

38. 3

39. 5

40. 1

41.2

42. 8

43.8

44. 0

44. 5

43. 9

76.6

77.3

79.8

44.8

44.5

46. 2

39.1
fi. 1
.3

39. 2
5.7
.4

41.0
5.4
.3

42. 1
"!3

1i
.4

44.9
5.4
.3

31.7

32.8

33.7

34. 5

35. 8

36. 4

!

-2.2

19
20
21
i

oo
"

343. 2

348. 3

352. 6

359. !

364. 0

367.1

371. 6

365.1

357.6

360.4

370.8

381.9

390. 9

405.4

399.4

402. 8

1

235.8

241. 2

243.8

249. 0

252.3

255. 5

258. 1

256.0

252.5

253. 4

258.8

263. 4

270.4

279. 7

279.5

281. 6

2

221.6
184. 5
9. 7
27.4

226. 6
188.9
9.7
28.0

228. 7
19()!3
9.7
28.8

233.4
194. 5
9. 6
29.3

235. 9
196. 5
9.6
29.8

238.7
198. 8
9.7
30.2

240. 9
200. 2
9.8
30.9

238.7
198. 0
9.5
31.2

235. 3
193. 5
9.5
32.3

236. 2
193. 4
9.7
33. 2

241.4
197.5
10.0
34.0

245. 6
201.2
9.9
34.4

251.4
206. 8
9.9
34.8

260. 1
214. 9
9.9
35. 3

259. 7
214. 2
9. 9
35. 7

261. 5
215.6
9.8
36. 1

3
4
5
G

14.2
6.4
7.7

14.6
6.6
8.0

15.2
6.9
8.2

15.6
7.1
8.5

16-4
8' 8
.

16.8
7.8
9.0

17.2
7.9
9.3

17.3
7.9
9. 5

17.2
7.8
9.4

17.1
7.8
9.3

17.4
8.0
9.4

17.8
8.2
9.5

19. 0
9. 2
9. y

19.6
9.6
10.0

19.8
9.5
10. 3

20. 1
9.6
10.5

7
8
9
10

42.7

43.3

44.4

44.5

43.9

44.3

45.2

44.5

46.2

45.8

46.6

46.8

46.8

46.8

46.1

46.3

12

31.5

32.1

32.3

32.5

32. 6

32.8

32.9

32.4

31.5

32.0

32.6

33.3

33. 8

34.8

35. 0

35. 1

11.2

11.2

12.1

12.0

11.2

11.5

12.3

12.1

14.7

13.9

14. 0

13. 5

13. 0

12. 0

11.1

11.2

13
14
15
16

10.7

10.8

11.0

11. 1

11.4

11.8

12.1

12.2

12.1

12.1

12.2

12.2

12.3

12.4

12.4

12.5

17

42.7

41.5

41.5

42.3

43.5

42.2

42.5

38.4

32,6

34.7

38.5

44.0

45.5

50.4

44. 9

45.5

18

45.7
21.7
24.0
11.7

45.2
21.5
23.7
12.0

42.7
20.3
22.4
12.3

45.3
21.5
23.8
12.0

46.0
22.3
23.7
12.7

43.7
21.2
22.6
12.8

43.8
21.2
22.6
12.9

39.4
19.1
20.3
12.3

32.8
16.2
16.6
12.7

34.4
17.0
17.4
12.6

38.8
19.1
19.6
12.6

44.9
22.1
22.7
12.0

46. 4
22.9
23.5
13.0

51.7
25.5
26.2
13.2

45.3
22.3
22.9
13.6

44.8
22.1
22.7
13.8

19
20
21
22
23

-2.9

-3.7

— 1.2

—3, 1

-2.4

— 1.5

— 1.3

—.9

— .2

.3

-.2

-.9

—. 9

— 1.3

-.4

.7

24

11.2

11.5

11.9

12.3

12.8

13.3

13.7

14.0

14.1

14.4

14.8

15.4

15.9

16.2

16.5

16.9

2-Ti

410.6

415.0

11

421.0

430.0

438. 5

442.1

448.3

442.3

432.0

436.8

447.0

461.0

473.1

487.9

481.4

4S6.4

1

33.6

34,1

34.7

35.3

36.6

37.3

37.8

38.0

37.7

37.9

38.2

38.7

39.5

40.2

40.7

41.4

2

377. 1

380.9

386.3

394.7

401.9

404.8

410.4

404.3

394.3

398.9

408.8

422.2

433. 6

447.7

440. 7

445.0

3

34.5
1.5
-1.3

35.3
1.6
-3.3

35.9
1.6
-2.8

37.1
1.7
-2.2

37. 6
1.7

38. 2
1.8
-1.1

38.5
1.8
-.6

38.4
1.8
-2.5

39.2
1.8
-1.3

39.4
1.8
-2.1

40.4
1.8

41. 5
1.8
.1

42.2
1.8
-1.0

43. 0
1.8
-3.0

43.. 5
1.8
-2.6

4
5
6

8

38.4
1.9
.3

7

.8

.9

1.0

LI

1.2

1.1

.9

.8

1.0

1.2

1.2

1.2

.8

.7

.5

343.2

348.3

352.6

359.1

364.0

367.1

371.6

365. 1

357.6

360.4

370.8

381.9

390. 9

405.4

399.4

402.8

42.7

41.5

41.5

42.3

43.5

42.2

42.5

38.4

32.6

34. 7

38.5

44.0

45.5

50.4

44.9

45.5

9

12.1
.0

12.4
.0

12.8
.0

13.1
,0

14.4
.0

14.5
.0

14.7
.0

14.6
.0

14.6
.6

14.6
.6

15.0
-1.3

15.2
.0

16.9
.0

17.4
.0

17.4
.0

17.5
.0

10
11

16.7
5. 5
11. 7
1.5

17.1
5.7
12.0
1.6

17.4
5.8
12.3
1.6

17.7
5.9
12.0
1.7

18.6
6.1
12,7
1.7

20.2
6.2
12.8
1.8

20 2
6.3
12.9
1.8

21.5
6.3
12.3
1.9

22.8
6.1
12.7
1.8

25.0
6.1
12.6
1.8

25.6
6.1
12.6
1.8

25.3
6.4
12.0
1.8

24. 8
6.6
13.0
1.8

25. 0
6.9
13.2
1.8

25. 0
7.3
13.6
1.8

20. 0
7.6
13.8
1,8

\2
13
14
15

323. 8

330. 9

335.4

341.1

345.1

351. 4

355.6

354.1

353.2

355.9

364.7

368.1

374. 7

384. 5

384.8

389.0

16


554504—60—


GROSS NATIONAL PRODUCT, NATIONAL
iAnt

T 4 B L E 4.— PERSONAL INCOME AND
ITS DISPOSITION, (II-l, II-2)

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

[Millions of dollars]
191, 581

Personal Income
3
4
6
8
9
10
1.1

Wage and salary disbursements
Commodity-producing industries Manufacturing onlv
. ...
Distributive industries
Service industries
Government _ . . .
Other labor income . .

..

210, 135

208,319

228, 168

256, 692

273, 071

288, 259

289, 825

310, 196

332, 943

351, 123

360, 312

383, 287

122,843
54. 386
42, 500
35 164
15, 997
17.346

135, 179
60, 257
46, 459
38, 802
17. 349
18, 771

134, 356
56. 914
43, 860
39,016
17, 925
20, 501

146. 367
63, 495
49, 393
41.313
19, 289
22, 270

170.714
74. 885
58. 277
45. 953
21, 060
28, 816

184, 857
80, 547
62 960
48, 749
22, 628
32, 933

198, 106
88, 077
69. 881
51, 797
24. 283
33, 949

196, 259
84, 062
66, 077
52, 324
25, 481
34, 392

210,902
91, 390
72, 252
55, 766
27, 771
35, 975

227, 634
98, 724
77, 706
60, 336
30, 533
38, 041

238, 548
102, 217
80. 644
63, 403
32. 759
40, 169

239. 673
97, 923
76, 701
63, 822
34, 681
43, 247

258,
107,
84,
68,
37,
45,

206
208
723
196
489
313

2, 713

3, 021

3, 823

4, 786

5, 316

5, 994

6. 214

7,136

8,102

9,140

9,388

10, 136

40, 194
22, 405
17, 789

35, 583
22, 657
12. 926

37, 541
23, 541
14.000

42, 329
25, 995
16,334

42, 233
26, 896
15,337

40, 723
27. 445
13,278

40, 442
27. 751
12,691

42, 149
30, 382
11,767

43, 715
32, 098
11, 617

44, 457
32, 677
11, 780

46, 357
32, 340
14, 017

46, 499
34, 673
11,826

6, 510

7,297

8,274

9.013

9, 431

10. 154

.10. 528

10. 869

10, 698

10. 913

11, 891

12. 167

12,401

6 521
8, 212

7.243
8. 706

7 473
9, 443

9 208
10, 263

9, 029
11,245

8, 954
12, 100

9,225
13, 367

9. 839
14. 552

11,215
15,770

12. 132
17, 461

12, 588
19, 631

12. 364
20, 850

13, 363
23, 462

15. 147
954

12. 575
1.872

13, 210
2,177

14, 256
2,979

16,223
3, 633

17, 507
4, 915

18,806
5, 652

21, 879
7,321

26, 362
8,478

27, 044
10, 151

¥2

Rental income of persons

13
14

Dividends
Personal interest income _ _ _

15
16

Transfer payments
Old-age and survivors insurance
benefits.
State unemployment insurance
benefits.
Veterans' benefits
Other

11,787
463

11,281
552

12, 403
664

790

1. 730

1, 367

837

992

954

2, 015

1, 369

1, 400

1, 755

3.944

2, 514

6, 745
3, 804

5, 769
4,170

5, 104
4,905

4, 884
7,942

3. 897
5. 969

3, 863
6, 178

3,738
6, 585

3,848
6, 727

4. 250
6, 973

4,227
7, 527

4,364
8,439

4.559
9.381

4, 449
9, 930

20

Less: Personal contributions for social
Insurance.

2, 118

2.178

2, 234

2, 894

3,417

3, 753

3, 940

4. 573

5, 181

5, 820

6,711

6.849

7,824

21
22
23

Less: Personal tax and nontax payments.
Federal
State and local
-

21, 468
19, 650
1, 818

21, 135
18, 997
2, 138

18, 665
16, 194
2,471

20.813
18, 179
2. 634

29,211
26, 278
2, 933

34. 357
31. 165
3, 192

35, 785
32, 359
3, 426

32, 940
29, 155
3, 785

35, 748
31, 521
4 227

40, 001
35, 180
4,821

42, 632
37, 342
5,290

42, 440
36. 740
5, 700

46. 021
39. 842
6,179

24

Equals: Disposable personal income

170,113

189,300

189, 654

207,655

227, 481

238, 714

252, 474

256, 885

274, 448

292, 942

308, 791

317, 872

337, 266

Less: Personal consumption expenditures .

165, 409

178. 313

181,158

195, 013

209, 805

219, 774

232, 649

238, 025

256, 940

269, 917

285, 164

293. 495

313, 835

4,704

10, 987

8, 496

12, 642

17, 676

18, 940

19, 825

18, 860

17, 508

23, 025

23, 627

24, 377

23, 431

201.079

211, 508

213, 815

230. 984

236. 959

243, 586

255, 024

256, 885

273, 355

286. 917

293, 807

296. 246

311, 131

17
18
19

.

•2, 334
35, 492
19 948
15, 544

Proprietors' income
Business and professional
Farm

26

Equals: Personal saving

27

Addendum: Disposable personal income
in constant (1954) dollars.
TABLE 5.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS
(1-2, 1-5)

[Billions of 1954 dollars]

3
4
5
0
7

8

a

10

u

12
13
14
15
16
17
18
19

Gross national product

282. 3

293. 1

292.7

318.1

341. 8

353. 5

369. 0

363. 1

392. 7

400.9

408.6

401.0

428.0

Personal consumption expenditures. . . . . . .

I

195. 6

199. 3

204. 3

216.8

218. 5

224.2

235. 1

238. 0

256. 0

264. 3

271.2

273. 6

289. 4

23. 3
105.3
67. 0

24. 6
105. 1
69.6

26.3
106. 3
71.7

32.1
109.2
75. 5

29.2
111.2
78.2

28. 5
115. 0
80.8

33.1
118. 3
83.7

32.4
119. 3
86. 3

39. 6
125. 4
91. 0

38. 0
130. 3
96. 0

38. 5
132.6
100. 1

35. 6
133.7
104.3

40.8
139. 3
109. 3

Durable goods
Nondurable goods
Services

-.- -

Gross private domestic investment

41.5

49.8

38.5

55.9

57.7

50.4

50.6

48.9

62. 5

61.7

58.1

48.3

60.9

New construction
Residential nonfarm
Other

19.9
9.6
10. 3

22.7
11.4
11.2

22.3
11.2
11.1

27. 4
15'. 5
11.9

26 0
12.9
13. 2

26. 0
12.8
13.2

27.6
13. 6
14.0

29.7
15. 4
14.3

33. 9
18 2
15.7

32. 3
16.2
1 6. 1

31.8
15.3
16. 5

31.0
16.2
14.9

34.4
19.4
15.0

Producers' durable equipment
Change in business inventories

21. 7
i

22.8
4.4

19.8
-3.6

21.3
7.2

22.0
9.7

21.8
2.6

22.5
.5

20.8
-1.6

22. 5
6. 1

25. 0
4.5

24.6
1.6

19.4
-2.2

21.3
5.2

1.4
-1.6

3.0
1.4

-2. 6
-1.0

6.5
.7

9.0
.7

2.2
.4

1.1
— 7

-2.1
.5

5.4
.7

4.9
-.4

i!o

-3.1
.9

4.9
.3

N onfarm
Farm

. - - ..
.. _

Exports
Imports
Government purchases of goods and services
Federal
_
State and local-

. . ...

8.0

2.0

2.6

2

2.2

1.2

-,9

1.0

.9

2.5

3.8

-.2

19 2
11.1

Net exports of goods and services

14.7
12.8

15. 1
12.4

14.5
14.2

17.3
15.1

16.9
15.7

16.4
17.3

17.5
16.5

19.2
18.3

22. 4
19.8

24.4
20.6

21.4
21.6

37.2

42.1

47.2

45.1

63. 3

77,7

84.3

75.3

73.2

72.3

75. 5

79.3

80.2

19.4
17.8

22.9
19.2

25. 3
21.9

21.6
23. 5

39.3
24. 1

53.3
24.5

58.8
25. 5

47.5
27.7

43.5
29. 7

41.7
30. 6

43. 2
32. 2

44.5
34.8

43. 6
36. 6

TABLE 6.— IMPLICIT PRICE DEFLATORS FOR GNP (VII-2, VII-3)
2
3
4
5
f>
7
S
»
10

11
12

13
14
15
16
17

Gross national product _ _ . . . _ .
Personal consumption expenditures
Durable goods
.
_ . .. .
Nondurable goods
Services
Gross private domestic investment
Nrew construction _ _
Residential nonfarm
Other
. - .
Producers' durable equipment
Change in businsss inventories
Net exports of goods and services
Exports
Imports _ __ _ _ . _ ....
Government purchases of goods and services
Federal
_ _
.
State and local


10


-2.4
21.9
24.3

[Index numbers 1954=100]
88.2.

88. 4
88.7
76.8

88.5
89.5
92.4
94.0
81.7

88.7
93. 5
90.9
83. 6

89.5
89.9
94. 6
91.4
85.9

96.2
96.0
101. 1
99.0
89.8

98.1
98.0
102. 2
100. 1
93. 6

99.0
99.0
99.4
99.7
97.7

100.0
100.0
100. 0
100.0
100.0

101.2
100.4
100. 1
99.5
101.7

104.6
102.1
101.3
100.9
104.1

108. 4
105.1
104. 7
103. 9
107. 0

110.8
107.3
104.9
106.2
109.5

108. 4
106. 2
106. 0
112.4

76.6
78.4
74.8
76. 8

85.9
88.6
83.1
83. 1

84.3
85.9
82.6

88.3
90.9
85. 1

95.3
97.5
93.1

100. 1
101. 3
98.9

89.0

96.8

99.0

100. 0
100.0
100.0
100.0

103. 1
103. 0
103. 2
102. 6

109. 8
109. 0
110.7
109.0

113. 5
111.2
115. 7

87.0

98.4
100.3
96.5
97.5

115.7

114.1
111.7
116.8
119. 0

117.2
115.2
119. 7
121. 3

93.4
79.7

98.6
86. 3

92.7
82.0

90.3
87.8

103. 3
102. 8

103. 0
102.8

101.0
98.2

100.0
100. 0

100. 7
99. 9

103.4
101.8

107.4
103. 2

105.9
99.2

104. 5
98. 1

76.4
80.8
71. 5

82.0
84.4
79.3

85.1
88.0
81.7

86.5
89.6
83.7

95.5

97.8
99.2
94.8

98.3
98.6
97.5

100. 0
100.0
100.0

103. 3
104.1
102.2

109.2

98.7
90.2

114.6
114.9
114.2

117.9
118.2
117.4

121.2
122. 1
120.0

83.0
84.6

109.7
108.6

112.6

INCOME, AND PERSONAL INCOME, 1947-59
[Seasonally adjusted at annual rates]
1956
I

1957
III

II

IV

I

II

1958
IV

III

I

1

II

1959

|
IV

III

I

II

III

Line

IV

!

[Billions of dollars]
323. 8

330.9

335. 4

341. 1

345. 1

351.4 i

355.6

354. 1

353. 2

355. 9

3&4. 7

368.1

374.7

384. 5

384. 8

389.0

1

221.6
95 9
75.7
59.1
29.5
37.1

226.6
98.3
77.1
60.3
30.2
37.8

228.7
98.7
77.4
60.8
30.8
38.4

233.4
101. 9
80.6
61.2
31. 5
38.9

235. 9
102.2
80.8
62.2
32.0
39.4

238. 7
102.8
81.2
63.3
32.6
39. 9

240. 9
102. 9
81.1
64. 3
33.1
40. 6

238.7
100. 9
79.5
63.7
33. 3
40.7

234. 7
96.4
75.8
63.3
33.8
41.2

235. 6
95.9
75.0
63. 1
34.4
42.2

242.7
98.3
76.9
64. 1
35. 0
45.2

245.6
101.0
79.1
64.7
35. 5
44.4

251.4
104.5
82.2
66.3
36.0
44.7

260.1
109.6
86.5
68.2
37.1
45.1

259.7
107.1
85.0
69.1
38.0
45. 5

261. 5
107. 7
85.2
69. 1
38.8
45. 9

2
3
4
6

7.7

8.0

8.2

8.5

8.8

9.0

9.3

9. 5

9.4

9.3

9.4

9.5

9.8

10.0

10.3

10. 5

8

42.7
31. 5
11.2

43.3
32.1
11.2

44.4
32.3
12.1

44.5
32. 5
12.0

43.9
32.6
11.2

44.3
32.8
11.5

45.2
32. 9
12. 3

44.5
32.4
12.1

46.2
31. 5
14.7

45.8
32.0
13. 9

46.6
32. 6
14.0

46.8
33.3
13. 5

46.8
33.8
13.0

46.8
34.8
12.0

46.1
35.0
11.1

46. 3
35.1
11.2

9
10
11

10. 7

10.8

11.0

11.1

11.4

11.8

12.1

12.2

12.1

12.1

12.2

12.2

12.3

12.4

12.4

12.5

12

11.7
16.7

12.0
17.2

12.3
17.7

12. 0
18.2

12.7
18.9

12.8
19.5

12.9
20.0

12.3
20.2

12.7
20. 2

12.6
20.4

12.6
20.9

12.0
21.8

13.0
22.6

13.2
23.1

13.6
23.8

13. 8
24.5

13
14

18.2
5.3

18.7
5.6

19.0
5.8

19.4
5.9

20.3
6.3

21.9
7.7

22. 0
7.5

23.4
7.8

24.6
7.8

26.8
8.6

27.4
8.7

27.1
8.8

26.6
9.5

26.8
10.3

26.8
10.4

27.8
10. 5

15
16

1.3

1.4

1.5

1.5

1.6

1.6

1.7

2.4

3.1

4.2

4.8

4.2

2.9

2.2

2.1

2.8

17

4.3
7.3

4.3
7.4

4.1
7.6

4.2
7.8

4.3
8.2

4.3
8.4

4.3
8.5

4.5
8.7

4.6
9.1

4.6
9.4

4.5
9.4

4.5
9.6

4.5
9.7

4.5
9.8

4.3
10.1

4.3
10.2

18
19

5.7

5.8

5.8

6.0

6.7

6.7

6.8

6.7

6.8

6.7

7.0

6.9

7. 7

7.8

7.9

7.9

20

39. 2
34. 5
4.7

39.8
35.1
4.8

40.2
35. 3
4.9

40. 8
35. 8
5. 0

42.2
37.0
5.1

42.6
37.4
5.2

43.0
37. 6
5.4

42.8
37.4
5.4

41.8
36.2
5.6

41.9
36.3
5. 7

42.8
37.1
5.7

43.2
37.4
5.8

45.1
39.0
6.0

46.2
40.1
6.1

46.3
40.0
6.2

46.5
40.2
6.3

21
22
23

284.6

291. 1

295. 2

300. 3

303. 0

308.8

312.7

311.2

311.4

314. 0

321.9

324. 9

329. 6

338.3

338.5

342. 4

24

265. 6

26S. 2

270. 4

275. 6

280. 1

283.3

288.7

288.6

287.7

291. 2

294. 8

300. 2

306. 1

313. 6

316. 0

319. 6

25

19.0

22.9

24.8

24.7

22.9

25.4

24.0

22.6

23.7

22.8

27.1

24.7

23.6

24.8

22.5

22.8

26

282. 0

286. 2

287. 7

291.0

291. 1

294.6

296. 1

293.3

291.0

292. 4

300. 0

302. 2

305. 8

313.0

311.4

313. 6

27

[Billions of 1954 dollars]
398. 8

398.9

400. 2

405. 5

409. 6

410. 0

411.0

403.8

391.6

394.6

403. 1

414.3

422.9

434. 2

426. 3

429.1

263. 2

263.7

263.4

266.9

268.9

270.4

273. 4

272.1

269.0

271.2

274.8

279.4

283. 9

290.0

290.8

292.8

38. 9
130. 2
94.2

38.0
130. 3
95.3

37.1
129.7
96.7

38.2
130.9
97. 8

38.9
131.7
98.3

38.5
132.2
99.7

39.0
133.8
100. 7

37.7
132.7
101.8

34.9
131.5
102. 6

34.7
132.6
103.8

35.0
134.8
105. 0

37. 6
135.8
106. 0

39.3
137. 3
107. 3

41.6
139. 8
108. 6

41.2
139.5
110.1

41.1
140.5
111.2

62.8

61.5

61.4

61. 3

59.8

59.3

58.9

54.1

45.1

45.1

48.1

54.6

60.6

66.7

56.7

59.4

32.7
10.6
1C). 1

32.6
16.5
16.1

32.3
16. 0
16.3

31.8
15, 7
16.0

31.9
15. 5
16.4

31.7
15.2
16. 5

31.7
15.2
16. 5

31. 6
15.3
16. 3

31.0
15. 4
15. 6

30.1
15.2
14.9

30.7
16.1
14.6

32.1
17.7
14.4

33.9
19.2
14.8

35. 2
20.4
14.8

35. 0
19.6
15.4

33.4
18.3
15. 0

24.3
5.8

24.7
4. 1

25.2
3.9

25. 5
4.0

25.4
2.5

24.8
2.8

24.9
2.3

23.6
-1.0

20.4
-6.2

19.1
-4.1

18.7
-1.3

19. 6
2.9

19.8
6. 8

21. 5
10. 1

21.7
.0

22. 2
3.8

1
1

6.4
—.6

5.0
-.8

4.3

3.9
.1

1.8
.7

1.7
1.1

1.3
1. 0

-2.0
.9

-7.0
.7

-5.1
.9

-2.3
1.0

1.9
1.0

6.1
.7

9.7
.4

-.1
.1

4.0
-.1

1
1

.9

2.2

3.1

3,8

5.0

4.2

3.8

2.2

.3

2

2

-1.1

— 2. 7

-3.8

22.0
19.7

23.4
20. 2

23. 5
19.. 7

25.2
20.2

24.7
20. 5

24.7
20.8

23.0
20. 8

21.0
20.7

21.3
21.5

21.8
21. 6

21.6
22.7

20. 8
23. 5

21. 2
25. 0

23.1
24.8

20.fi

:

19.7
71.8
41.8 :

mo

-1.7

-1.5

1

22. 5
24. 0

1
1

71.5

72.1

73. 5

75.8

76.0

74.8

75.4

77.2

78.5

79.9

81.5

81.1

81.2

80. 5

78.5

1

40.9
30. 0

41.5 •
30.7

42.5
31.0

44. 0
31.9

44.0
32. 1

42.8
32.1

42.3
33.1

43.2
34.0

44.4
34. 1

44.9
35.0

45. 3
36.1

44. 3

;;<i. 8

44.4
36. 8

43. 5
37. 0

42.3

1
I

™

[Index numbers, 1954=100]
103, 0
100, 9
99, 8
99. 6
103, 1

104. 0
101,7
100.6
100. 5
103. 8

105,2
102.6
101.8
101. 5
104.5

106. 0
103. 2
103.2
101. 9
105. 1

107.0
104.1
103.8
102.9
106. 0

107.8
104.8
104.8
103. 4
106. 5

109. 1
105.6
105. 1
104.4
107.3

109.5
106.1
105.3
104.8
108.0

110.3
107.0
104.7
106. 2
108.7

110.7
107.4
104.7
106. 6
109.2

110.9
107. 3
104.8
106. 1
109. 6

111.3
107.5
105. 4
105. 8
110.3

111.9
107.8
105.8
105. 8
111.1

112.4
108.1
106. 6
105. 6
111.9

112.9
108.7
106. 8
106.1
112.7

113.3
109.2
105. 7
106. 5
113.8

107. 4
107. 1
107.7
105.9

109.6
109. 0
110.2
108. 1

110. 5
109. 6
111.4
109.6

111.8
110.1
113.5
112. 2

112.2
110.4
113.9
114.0

113.5
111.0
115.8
115. 4

114.2
111.6
116. 5
116. 4

114.1
111. 5
116.6
116. 9

113. 6
111.1
116. 1
118.2

113. 9
111.1
116.8
118.9

114. 1
111.6
116.8
119.2

114.9
112.7
117.5
119.6

116. 1
114.0
118.6
120. 7

117.3
115.1
120.1
121.6

117.4
115.3
120.0
122.1

117.9
115. 9
120.2
120.9

103. 7
101.. 6
106. 6

102.9
101. 6
108.1

102, 9
101, 6
110.7

104. 0
102. (i
111.5

107.2
103.8
112.5

106.6
103.8
113.7

107.8
103. 0
116.0

108.0
102.3
116.4

107.1
100.4
116.7

106.3
99. 6
117.1

105.0
98.8
118.6

105.1
98.1
119.2

105.1
97.4
119.7

104.4
97.5
120.2

104.0
97.7
121.9

104.6
99. 9
122.8

8
9
1(
11
12
13
14
15

107. 2
105. 7

108. i)
107.4

111.2
109.9

111.8
111.1

112.6
112.3

113. 7
113. 6

116.8
115.0

116.8
115. 9

117.1
116. 2

116.8
117.4

119.4
117.6

119.8
118.4

120.3
119.0

120. 9
119. 5

123.3
120.2

124.1
121.3

1C
17




1
2
4
5
(

11

BUSINESS STATISTICS

Wlontki

JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms ''unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

19fiO

1959
May

June

July

August Septem- October Novem- December
ber
ber

January

February

March

April

May

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: t
National income, total
bil of dol
Compensation of employees, total. _ _ _ _do _
Wages and salaries, total
- __ do
Private
do
Militarv
do
Government civilian _ _ __
_-do .
Supplements to wages and salaries
_ do
Proprietors' income, total c?
do
Business and professional cf
do
Farm
do _
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
- -do
Corporate profits tax liability
- do
Corporate profits after t a x
_ _ _ _ _ do
Inventory valuation adjustment
do
Net interest

' 405. 4

' 399 4

' 402 8

414 4

' 279. 7

' 279. 5
' 259. 7
' 214 2
' 9 9
' 35. 7
19.8

281.6
261. 5
' 215 6
9 8
' 36. 1
' 20. 1

' 290. 2
' 268. 7
' 222 1
9 9
' 36. 7
' 21.5

46.1
35.0
11.1
12.4

'46.3
35 1
' 11.2
' 12 5

' 46.0
35 4
' 10. 6
' 12 5

44.9
45.3
22.3
22.9

' 45.5
'44.8
' 22.1
'22.7
'. 7

' 260. 1
' 214. 9
r
9 9
'35.3
19.6

' 46. 8
34.8
r 12.0
r

r 12.4

' 50.4
'51.7
••25.5
' 26.2
r
-1.3

_-- _ do

48.0
48.8
23.8
25.0
— .8

' 16.2

' 16.5

' 16.9

' 17.8

' 487. 9

'481.4

' 486. 4

' 501. 3

Personal consumption expenditures, total do ___
Durable goods
_
do
Nondurable goods
do
Services
..
- . . do

'313.6
'44.4
147.7
t 121.4

'316.0
' 44.0
148 0
' 124. 1

' 319. 6
'43.5
' 149 6
' 126. 6

' 323. 3
' 44.2
' 150 5
' 128 6

Gross private domestic investment, total
do __
New construction
do
Producers' durable equipment
_ do .
Change in business inventories
do_ -

'78.9
Ml. 3
'26.1
'11.5

'67.5
'41.1
' 26.5
' —.1

' 70.8
'39.4
' 26.8
'4.7

79 3
40.8
27 1
11.4

-2.2
'24.4

' —.2
' 24.0
' 24.2

' —.4
'23.5
' 23.9

1 2
25.2
23 9

97.7
53. 7
'46.4
'44.0

'98.1
53.6
'46.1
'44.5

'
'
'
'

97.5
51 8
44 9
45.7

' r384. 5
46. 2
338. 3

' 384. 8
' 46. 3
' 338. 5

' 389. 0
' 46.5
' 342. 4

' 396. 2
' 49 2
' 347. 0

'24.8

'22.5

' 22.8

' 23.7

Gross national product, total.

.__

... do ..

Net exports of goods and services _ _ _ _ do ..
Exports
_
-_ do
Imports _
-_
- _ do __
Government purchases of goods and services, total
bil. ofdolFederal (less Government sales)
. do
National defense 9
do__
State and local
do
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income

do
do
do

Personal saving§

do

r

r 22.2

r

r

96. 4
52 5
45.5
43. 9

GNP in constant (1954) dollars
Gross national product, total

bil. of dol—

' 434. 2

' 426. 3

' 429. 1

' 440. 5

Personal consumption expenditures, total
Durable goods _.
Nondurable goods
Services

do
do .
do
do

' 290. 0
'41.6
' 139. 8
' 108. 6

' 290. 8
'41.2
' 139. 5
' 110. 1

' 292. 8
'41.1
' 140. 5
' 111.2

' 294. 8
' 41.8
' 141 1
' 112.0

Gross private domestic investment, total
New construction
_ _
Producers' durable equipment
Change in business inventories

do ...
do
do
do

'66.7
'35.2
'21.5
' 10.1

'56.7
'35.0
'21.7
'.0

Net exports of goods and services

do

'-3.8

' -1.7

'81.2
'44.4
'36.8

' 80.5
'43.5
'37.0

Government purchases of goods and services, total
bil. ofdol-Federal
do -.State and local
___do ___

-

—-

' 59 4
'33.4
' 22.2
'3.8
' 1.5

' 66 2
34 0
' 22.4
'9 8
'

1

' 78 5
'42.3
'36.2

' 79 6
r 41 g
'37.8
' Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May
1959 for personal income) appear on pp. 8 IT. of this issue of the SURVEY.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




S-l


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102