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GROSS NATIONAL PRODUCT, NATIONAL ;: TABLE 1.— GROSS NATIONAL PRODUCT (11, 1-3) Lino 1 Gross national product 2 Personal consumption expenditures Durable goods Nondurable goods Services 3 4 5 . . -._ Gross private domestic investment 6 ._ . New construction 8 9 - Residential nonfarin Other 10 --- -- . _ _ - Producers' durable equipment 11 Change in business inventories 12 13 Nonfarm Farm 14 17 1951 1952 1953 1954 234, 289 259, 426 258, 054 28 1, 599 328, 975 346, 999 365, 385 363, 112 397, 469 > 419, 180 442, 769 444, 224 482 056 I 165, 409 178, 313 181, 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 ' 31, 459 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 ; 7, 535 7,719 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 16, 667 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 | -462 4,708 —3, 072 6 815 10. 233 3 067 447 — 1 639 5 783 i 4 660 1 563 — 2 518 5 931 | 1,298 -1,760 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° 1950 14 505 11,015 Government purchases of goods and services 19 30 21 1949 9,039 Exports Imports IS 1.948 17 900 8. 861 Net exports of goods and services 15 16 1947 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 17 Rental income of persons I* Corporate profits and inventory valuation adjustment.. I '/<• i 20'. 21 • 22 :' 23 Profits before tax Profits tax liability Profits aftar tax Dividends Undistributed profits 24 ' Inventory valuation 'idiu^tinent .. ... ._ . 779 903 997 1,080 1,204 1,297 1,396 1,475 1, 613 1, 829 1,977 2,085 2, 259 35, 492 40, 194 35, 583 37, 541 42, 329 42, 233 40, 723 40, 442 42, 149 43,715 44, 457 46, 357 46, 499 19, 948 21.419 — 1.471 15, 544 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 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 IV I II 19, ^9 19 58 19 57 19 56 I IV III 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] 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 . . .. Proprietors' income Business and professional Farm 210, 135 208,319 228, 168 256, 692 273, 071 288, 259 289, 825 310, 196 332, 943 351, 123 360, 312 383, 287 135, 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, 334 2, 713 3, 021 3, 823 4, 786 5, 316 5, 994 6. 214 7,136 8,102 9,140 9,388 10, 136 35, 492 19 948 15, 544 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 . 191, 581 122,843 54. 386 42, 500 35 164 15, 997 17.346 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) I 3 4 5 0 7 8 a 10 u 12 13 14 15 16 17 18 19 [Billions of 1954 dollars] 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. . . . . . . 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 . - - .. Net exports of goods and services .. _ 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 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 | III IV 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 DecemAugust SeptemOctober November 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
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