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GROSS NATIONAL PRODUCT. NATIONAL
[Millions of dollars]

1947

:

1948

1949

1950

234, 289

259, 426

258, 054

284, 599

328, 975

346, 999 365, 385 363,112 397, 469 419, 180 442, 769 444,546 482, 704 503, 443 518, 725

165, 409

178,313

181, 158

195, 013

209, 805

219,774 232, 649 238, 025 256, 940 269,917 285, 164 293;198 313,538 328, 536 338, 058

-

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 32, 875 32, 398 39, 632 38. 545 40. 355 37, 286 43, 598 44, 836 43. 744
115,100 117,961 119, 328 124, 762 131. 422 137, 728 141, 617 147. I l l 151,844 155.214
75. 575 81,813 86, 299 92, 546 99. 950 107. 081 114,295 122, 829 131, 856 39, 100

-

31,459

43, 087

32, 977

49, 970

56, 334

49, 863

50, 340

48, 872

63. 843

67, 366

66, 125

56,641

72, 726

72, 356

69,257 |

15 254

19 454

18 813

24 215

24.811

25 532

27, 588

29 722

34. 941

35,512

36, 065

35, 483

40, 232

40, 708

41. 5x3

7 r)35
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
16, 236

17. 677
17, 835

17.019
19, 046

18, 047
17,436

22,331
17, 901

21, 052
19, 656

21.038
20, 545

22. 305

28, 497

23, 109

25, 936

27, 587

25. 543

1, 563 -1,951

6, 558

4, 061

2. 131 |

6, 466
92

3, 732
329

1.893
238

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

Line

]

Gross national product

o

Personal consumption expenditures

3
4

Durable goods
Nondurable goods
Services

6

-

. -

Gross private domestic investment

8
9

Other .

1951 |

1952 | 1953

1954

1955

1956

10

Producers' durable equipment

16, 667

18, 925

17, 236

18, 940

21.290

21,264

20, 789

23, 119

27, 194

11

Change in business inventories

-462

4,708

-,072

6,815

10,233

3. 067

447 -1,639

5. 783

4, 660

1 298
- 1, 760

2, 976
1,732

-2,209
-863

6, 000
815

9, 057
1, 176

2, 146
921

1, 068 -2, 129
-621
490

5. 486
297

5, 075
— 415

Nonfarm
Farm

12
13
14

3,760

587

2, 376

1,318

-434

961

1,094

2, 930

4,944

1,249

-759

2,882

3, 9SO

13, 098
12,511

17,857
15,481

17,431
16, 113

16. 600
17,034

17, 476
16, 515

19.381
18, 287

23, 135
20. 205

26. 209
21, 265

22, 703
21, 454

22, 877
23, 636

26 366
23' 484

27. 268
23. 288

28,382

34, 536

40, 159

39, 029

60, 460

76, 044

82, 830

75, 254

75, 592

78, 967

86, 536

93, 458

97, 199

99, 669 107, 430

15,650

19, 306

22, 241

19, 348

38, 768

52, 854

57, 964

47, 548

45. 282

45. 730

49, 711

52, 620

53. 644

53, 184

56, 997

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

49, 289
8,989
314

41, 189
6, 674
315

39, 081
6. 559
358

40. 355
5. 706
331

44, 406
5, 727
422

44, 837
8, 281
498

46, 244
7, 879
479

45, 676
8,080
572

48. 988
8. 654
645

12,732

15, 230

17,918

19, 681

21. 692

23, 190

24, 866

27, 706

30, 310

33. 237

36, 825

40, 838

43, 555

46, 485

50.433 1

National income

198, 177

223, 487

217, 690

241,876

279,313

292, 155 305, 573 301, 794 330, 206 350, 836 366, 943 367, 384 400, 481 415, 480 427, 829

Compensation of employees

128, 757

140, 969

140, 834

154, 190

180, 327

195, 012 208, 812 207, 595 223, 852 242, 502 255, 499 257, 142 278, 528 293, 665 302, 174

122,858
105 512
4, 067
13. 279

135, 214
116,443
3, 970
14, 801

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

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

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

184, 835 198, 030 196, 259 210, 902 227, 634 238, 548 239, 803 258, 459 271, 30* 27*. 821
151,870 164, 157 161, 867 174, 927 189, 593 198, 379 196, 556 213, 146 222, 942 226 991
9, 951
10, 472 10, 337
9,778
9. 663
9, 644
9,767
9, 873
9, 89 1 1'.. Is" 1
22, 493 23, 536 24, 441 26, 197 28, 378 30, 525 33, 480 35, 440 33, 472 4, M" |

5, 899
3, 565

3,' 042

6, 524
3, 503

7, 799
3, 976

9, 539
4, 753

10. 177
4. 861

10, 782
4,788

11,336
5, 122

12, 950
5, 814

14. 868
6, 766

16,951
7.811

17, 339
7, 982

20. 069
9, 671

22. 3 "7
11,361

2, 334
1, 555

2,713
1,810

3. 021
2,024

3. 823
2,743

4. 786
3, 582

5, 316
4, 019

5, 994
4, 598

6. 214
4,739

7. 136
5, 523

8. 102
6.273

9. 140
7, 163

9, 357
7, 267

10, 398
8, 164

10, 99'.
8, 637

^.971

779

903

997

1,080

1, 204

1,297

1, 396

1, 475

1, 613

1. 829

1, 977

2, 090

2, 234

2, 3 -.9

2 420

.

- --

-

State and local
. ..
. . ._
TABLE 2.— NATIONAL INCOME (18, 1-9)

;
\
(i

Wages and 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
-

HI
11
1(5

35, 492

40, 194

35, 583

37,541

42, 329

42, 233

40, 723

40, 442

42, 149

43,715

44, 457

46, 052

46, 475

46, 236

4", 832

22, 405
22.815
-410
17, 789

22, 657
22, 194
463
12, 926

23. 541
24. 635
-1,094
14, 000

25, 995
26, 322
-327
16, 334

26, 89fi
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. 09S
32. 600
— 502
11,617

32, 677
32, 977
-300
11, 780

32, 504
32, 560

31, 20 •>
34, 221
— 1'}
12, 03-*

34. 77s
.->4 7 i ~

13. 548

35, 104
35, 244
-140
11,371

6,510

7,297

8, 274

9, 013

9,431

10,154

10, 528

10, 869

10,698

10,913

11,891

12, 208

11,902

11,913

12, 259

23, 626

30, 848

28, 226

35, 663

40,954

37, 672

37,314

33, 743

43, 126

41,990

41, 669

37, 155

47, 192

45, 616

29 5°5
11.283
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. 62S
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, C89
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, 410
18, 646
18, 764
12, 358
6,406

47, 657
23, 188
24, 469
13, 682
10, 787

45, 424
22, 435
22, 9S9
14.37S
8,611

17

Rental income of persons

18

Corporate profits and inventory valuation
adjustment.

22
23

Profits before tax
Profits tax liability. _ . ...
Profit after tax..
Dividends
Undistributed profits

24

Inventory valuation adjustment

19
20

.__

-5,899

-2, 152

1,856

— 4,965

— 1, 199

981

-997

-318

Net interest
3,792
TABLE 3.— RELATION OF GNP NATIONAL
INCOME AND PERSONAL INCOME (1-17, I 18)

4,179

4,773

5,469

6,272

7, 084

8,196

9,145

234, 289

259, 426

258, 054

284, 599

328, 975

13. 030

15. 471

17.274

19. 065

21. 970

221, 259

243, 955

240, 780

265, 534

307, 005

1

Gross national product .

_ __

Less: Capital consumption allowances

-1,736 -2.693 - 1, 539

10, 381

11,716

24. 007

26. 526

28, 809

31.986

34.412

4

Less: Indirect business tax and nontax liability.
Business transfer pavments. ... . __
Statistical discrepancv

18. 641

20, 405

21. 637

23. 747

25. 647

28. 140

30. 203

30. 151

32. 865

674
3, 541

739
-847

781
510

843
-734

985
1,247

1,169
1,374

1,369
1.283

1,262
853

1.457
988

1.616
2. 428

Plus: Subsidies minus current surplus of
government enterprises.

-226

-171

-162

198

187

-154

-431

-243

33

948

198, 177

223, 487

217,690

241,876

279, 313

28, 226

35. 663

40. 954

37. 672

8,728
-76

Equals - National income

_ _

37.443

38. 605

40, 962

43, 250

45. 339

38. 186

39, 322

42. 601

46, 538

48.187

2, 092
1.790
1,831
2, 052
2. 132
601 -1,461 -2, 962 — 3.396 -3. 086
992

1,135

430

521

I,fI7G

41.990

41. 669

37, 155

47, 192

45. 616

45, 537

10. 995
0

12, 586
0

14. 522
0

14. 835
0

17, 574
0

20. 596
0

21, 620
G

14, 961

16. 050

17, 190

20. 089

24, 501

25. 412

27. 286

31,269

5. 389
5, 745 ' 6. 204
11.215 1 12. 132 • 12.588
1. 457 ; 1. 616
1.790

6,175
12, 358
1, 831

7, 075
13, 682
2, 052

7, 761
14, 378
2.092

7.341
15.018
2. 132

5, 220
35

5, 737
-46

6. 870
24

8.170
74

12 ! Plus: Government transfer payments to persons.
Net interest paid by government
Dividends .
Business transfer payments

11.113

10. 542

11.622

14. 304

11, 590

12.041

12, 887

4. 420
6, 521
674

4. 527
7.243
739

4, 670
7.473
781

4.794
9.208
843

4.973
9. 029
98."

5. 016
8.954
1. 169

5. 171
9, 225
1.369

191,581

210, 435

208,319

228, 468

256, 692

16

-16

2(1. 027

43. 126

5. 683
15

i Equals: Personal income



192
18, 050

9. 695
0

8.614
22

13
14
15 1

-465
16, 384

37.314 ; 33.743

23. 626

11

-255
14, 827

292, 155 305, 573 301, 794 330, 206 350, 836 366, 943 367, 384 400, 481 415, 480 427, 829

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

10

30. 848

45,553
22.251 i
23. 302 i
15.018
8, 284

322, 992 338, 859 334, 303 365, 483 384, 768 405S 326 405, 941 441,742 460, 193 473, 386

Equals : Net national product

s

13, 427

13 (»"4

346, 999 365, 385 363, 112 397, 469 419, 180 442, 769 444, 546 482, 704 503, 443 518, 725

3

6

U.<H2

19, 948
Business and professional
_ _
Income of unincorporated enterprises. 21,419
-1.471
Inventory valuation adjustment
15, 544
Farm

Proprietors* income

12
13
14

W.I

13, 958
10, 198

National defense
Other
Less* Government sales

22

19W

3,490

Federal

19
20
21

801 -2, 864
762
913 !

1959

14 505
11,015

Government purchases of goods and services

18

195*

9, 039

Exports
Imports

17

I

17 900
8,861

Net exports of goods and services

15
16

1957

1

5. 407
9. 839
1.262

273, 071 288, 259 289, 825 310, 196 332, 943 351, 423 1360,259 383, 936 400, 785 416, 432

INCOME, AND PERSONAL INCOME, 1947-61
[Billions of dollars, seasonally adjusted at annual rates]

19 59

19 58

19 57

19 56

1C 61

1960

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

410.6

415.0

421.0

430.0

438. 5

442.1

448.3

442. 3

432.9

437.2

447.0

460. 6

472. 0

487 8

482 7

488. 5

501.7

504.8

503. 7

503.3

I

Line

IV

III

II

500.8

1

513.1

522.3 538. 6

!

265.6

268.2

270.4

275.6

280.1

283.3

288.7

288.6

287.4

290.9

294.5

299.8

305.7

313.0

316.7

318.8

323. 9

329.9

329.8

330.5 j 330.5

335.5

340.1 346. 1

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
139.5
111.4

36.3
141.1
113.5

36.7
142. 6
115.2

39.5
143.2
117. 1

42.0
144.7
119.0

44.4
147.0
121. 5

44.9
147. 7
124.0

43.1
148.9
126. 8

45.1
150. 0
128. 9

45.8
152.6
131.5

44.5
152. 5
132,8

44.0 ! 40.8
152.3 ! 153.5
134.2 1 136.2

43.5
153. 9
138.0

44.0 46. (')
156. 2 157. 2
139.9 142.3

3
4
5
6

67.1

66.9

67.3

68.1

67.1

67.3

67.6

62.4

53.9

53.0

55.8

63.6

69.8

79.0

68.8

73.2

79.1

73.5

70.3

66.5

60.1

67.6

72.4

76.6

35.1

35.7

35. 7

35. 5

35.8

36. 0

36. 2

36.1

35.3

34.4

35.1

36.9

39.0

41. 1

41.0

39. 6

40. 9

40.7

40. 5

40. 7 ! 39. 3

41.0

42.6

43.2

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. I
19.0

17.1
18.2

16.9
17.5

18.0
17. 1

19.9
17.0

21.9
17. 1

23.5
17.6

22.6
18.4

21.3
18.3

21.5
19.3

21.2
19. 5

21.0
19.5

20. 5 ! 19. 0
20.2
20.3

20. 1
20.8

21.9
20.7

22.8
20.4

8
9

25.8

26.7

27.6

28.6

28.9

28.6

28.9

24.1

22.7

22.3

23.4

24.3

26. 4

26.6

26.4

27.4

28.4

27 7

26.8 | 24.4

24.6

25.8

27.4

10

6.2

4.4

4.0

4.0

2.3

2.7

2.5

-1.2

-5.5

-4.0

-1.6

3.3

6.4

11. 5

1. 1

7. 1

10.8

4.4

2. 1

-1. 1

;

-3.6

2. 1

4.0

6.0

11

6.6
-.3

5.2
—.7

4.4
-.5

4.1
-.1

2.0
.3

2.0
.7

1.5
.9

-2.3

-6.5

-5.0

-2.5

7.0

10.6

4.1

1.7
.4

-1.5
.4

-3.9
.3

1.8
.3

3.8

.7

11. 5
.1

1. 1

1.0

6.2
.2

:

.9

2.6

5.9
.1

12
13

1.4

2.6

3.5

4.3

6.0

5.1

5.1

3.5

1.7

1.3

1.6

.4

-.8

-1.7

-.5

.0

1.4

2.4

2.8

4,9

5.3

4.0

2.8

3.8

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
21.4

22.9
21.4

22.7
22.3

21.8
22. 6

22.1
23.8

23.8
24.3

23.8
23.9

25.3
23.9

26.5
24.2

26. 5
23. 6

27.2
22. 3

!

27.4
22. 2

26. 4
22.4

26. 9
24. 1

28. 3
24. 5

15
16

76.6

77.3

DP

9

86.4

86.9

87.7

89.8

92.0

95.1

96 7

97.2

97.5

97.8

96 5

97.2

99.0

100.8

101 4

104.8

106.0

106.9 11? 1

17

44.5

79.8
•
46.2

82.0

44.8

47. 5

49.5

50.0

50. 0

49.4

50.6

51.8

53.7

54.3

53.8

53. 9

54.0

52.8

52. 5

53. 1

53. 6

53. 6

55. 4

56. 6

56. 5

59.5

18

39.1
6. 1
.3

39.2
5.7
.4

41.0
5.4
.3

42.1
5.7
.3

43.7

44.9

5.4
.3

45. 0
5. 5
.5

44.0

44.4

44.9

45.5

46.0

46.5

46.4

46. 1
7. 2

45.4

45.7

45. 8 ;' 47. 7
8. 4
8.2
.6 ,
.5

49.0

48.4

50. 8

'5

7.5
.4

45.8

.5

6.8
.5

44.6

9.2
.6

19
20
21

31.7

32.8

33.7

34.5

35.8

36.4

36. 9

38.3

43.7

44.7

45.9

47.2

47.8

49.4

50.4

52.6

22

371.6

403. 9 413.9

417.2

416. 6 414.4

411.8

424.3

431. 3 444.0

1

283.0

294.6

295.8

293.9

294.1

300.2

304.5 309.9

2

262. 5 268. 5 272. 2
216. 5 221.6 224^4
9.8
9.8
9.8
36.1
37.1
38.0

273.3
224.2
9.9
39.1

271. 3
221. 6
10.0
39.7

271.2 276. 9 281. 0 286.1
220. 8 225.8 228.8 232. 5
10. 0 10.8
10. 0 10.0
40.4
41.2
42.2 42.8

3
4
5
6

343.2

348. 3 352. 6 359.1

235.8

241.2

221.6
184.5
9.7
27.4

226. 6 228.7 233.4
188. 9 190. 3 194. 5
9.6
9.7
9.7
29.3
28.0
28.8

243.8

249.0

6.2
.4

364. 0 367.1

252.3

255.5

27.5

1.1

5.9

1.0

.0

8.2
.5

8.0

.5

8.0
.4

42.3

43.5

43.6

43.8

370.1

381.7

391.7

405.6

400.6

258.9

263.7

270.9

279. 8 280.2

7.8
.6

9.1
.4

39.2

40.1

41.4

365.1

357.4

360.2

258. 1 256.0

252.5

253.4

9.4
.6

235. 9 238. 7 240.9 238.7 235.4 236. 3 241.6 245.8 251. 6 259.7 259.9
196. 5 198. 8 200. 2 198. 0 193. 6 193.5 197.6 201. 5 206. 9 214. 6 214.4
9. 9
9.9
9.9
9.6
9.7
10. 0
9.9
9.8
9.5
9.5
9.7
34. 0 34.4
33.2
34.8
35.3
35.7
30.2
30. 9 31.2
32.3
29.8

.1

.2

290.6

8.0
.7

8.4
.5

!

8.7
.6

8.5
.8

49.4

14.2
6.4

14.6
6.6

15.2
6.9

15.6
7.1

16.4
7.7

16.8
7. 8

17.2
7.9

17.3
7.9

17.1
7.8

17.1
7.9

17.3
8.0

17.8
8.2

19.4
9.4

20. 0
9.7

20.3
9.7

20. 6
9.9

22. 0
11.2

22.3
11.4

22. 5
11.5

22. 6
11.4

22. 9
11.6

23.2
11.9

23.5
12.1

23.8
12.2

7
8

7.7

8.0

8.2

8.5

8.8

9. 0

9.3

9.5

9.3

9.2

9.3

9.6

10. 0

10. 3

10.6

10. 7

10. 8

11.0

11.0

11.2

11.2

11.3

11.4

11.6

9
10

42.7

43.3

44. 4

44.5

43.9

44.3

45.2

44.5

45.9

45.6

46 2

46.5

46 8

47.2

46.0

45 9

45 2

46 9

46.3

46 5

46 5

47.2

48 1

49 5

12

31.5

32. 1

32.3

32.5

32.6

32.8

32.9

32. 4

31.6

32.1

32.7

33.5

34. 5

35. 5

35. 4

35. 1

34.5

34.5

34. 1

83.8

33.7

34.5

35. 1

36. 0

11 2

11 2

] ]
9

12 0

11 2

11 5

12 3

I-? i

14 3

13 5

13 4

19 q

\-> 4

117

10 6

10 8

10 7

19 4

] 2
9

jo 7

ll) 8

1') 7

13 1

13 6

13
14
15
16

10.7

10.8

11.0

11.1

11.4

11.8

12.1

12.2

12.2

12.3

12.2

12.1

11.8

11.9

11.9

11.9

11.9

11.9

11.9

12.0

12.0

12.2

12.3

12.5

17

42.7

41.5

41.5

42.3

45. 5

42.2

42.5

38.4

32.5

34.4

37.9

43.8

46.1

50.5

46.1

46.0

48.6

46.2

44.4

43 3

40.1

45.0

46.0

51.1

18

45.7
21.7
24.0
11.7
12.2

45.2
21.5
23. 7
12.0
11.7

42.7
20.3
22.4
12.3
10.1

45.3
21.5
23.8
12.0
11.8

46.0
22.3
23. 7
12.7
11.1

43.7
21.2
22.6
12.8
9.7

43.8
21.2
22.6
12.9
9.6

39.4
19.1
20. 3
12.3
8.1

32.7
16.3
16.4
12.6
3.8

34.1
17.0
17.1
12.6
4.5

38.2
19. 0
19.1
12.6
6.6

44.7
22.3
22.4
12.0
10.4

46.9
22.8
24. 1
13.1
11.0

51.9
25. 2
26. 6
13.4
13.3

46.5
22.6
23. 9
14.1
9.8

45.3
22. 0
23.3
14.2
9. 0

49.2
24.3
24.9
14.3
10. 6

46.4
22. 9
23. 5
14.2
9.2

43.3
21.4
21.9

42.8
21.1
21.7
14.5

39.8
19.4
20. 3
14.7
5.6

44.8
21. 9
22.9
14.8
8.1

46.3
22. 6
23.7
14.9
8.7

51.4
25.1
26. 3
15.5
10.8

19
20
21
22
23

-.9

2

.3

-.2

q

— . 8 -1.3

—. 5

.7

— .6

-.2

1.2

.5

.3

.2

-.3

-.3

24

18.2

18.8

19.1

19.8

20. 3 21.0

25

500.8 ; 513.1

522.3 538.6

1

45. 0 j 45. 7 i 46. 6

2

11

':
!!

-2.9

-3.7

-1.2

-3.1

-2.4

-1.5

11.2

11.5

11.9

12.3

12.8

13.3

13.7

14.0

14.2

14.5

15.0

15.6

16.0

16.2

16.4

17.0

17.6

17.7

410.6

415.0

421.0

430. 0

438.5

442.1

448.3

442.3

432. 9

437.2

447.0

460.6

472. 0

487.8

482.7

488.5

501.7

504.8

33.6

34.1

34.7

35.3

36.6

37.3

37.8

38.0

38.2

38.3

38.8

39.2

39. 8

40.7

41.3

42.1

42.7

377.1

380.9

386. 3

394.7

401.9

404.8

410.4

404.3

394.7

398.9

408.3

421.4

432. 2

447.1

441. 3

446.4

459.0

461.4

460.3

34.5

35.3

35.9

37.1

37.6

38.2

38.5

38.4

38.4

39.0

39.4

40.4

41.4

42.0

43.1

43.9

45.9

47. 0

46. 4

1.5
-1.3

1.6
-3.3

1.6
-2.8

1.7
—2.2

1.7
-.2

1.8
-1.1

1.8
-.6

1.9
-.3

1.8
-1.9

1.8
-1.0

1.8
-1.9

1.8
-1.4

2.0
-2.3

2.0
-2.2

2.1
-3.9

2.1
-3.1

2.1
-2.3

2. 1
-4.5

2. 1
-4.2

.8

.9

1.0

1.1

1.2

1.1

.9

.8

1.0

1.2

'•'

1.2

.5

.2

.5

4

.5

.4

.5

-1.3

503.7 | 503.3

43. 4 S 43. 3

43. 6

;

459.7 , 456.6 ' 468.1

4
5
6

.6 i
.7 I 2.0 ! 2. 1 ! 2.0
i
i
'
414.4 411.8 424.3 431.3 444.0

7

348. 3

352.6

359.1

364.0

367.1

371.6

365.1

357.4

360.2

370.1

381.7

391.7

405.6

400.6

403.9

413.9

417.2

416.6

42.7

41.5

41.5

42.3

43.5

42.2

42.5

38.4

32.5

34.4

37.9

43.8

46. 1

50. 5

46.1

46. 0

48.6

46.2

44.4

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

17.1
.0

17.6
.0

17. 7
.0

17.8
.0

20.3
.0

20.6
.0

20.8 '. 20.7
.0 .
.0 ]

17.4

17.7

1.8.6

20.2

20.2

21.5

22.8

24.9

25.5

25.2

24.9

25.1

25.2

26.4

26.3

26.8

5.7
12.0
1.6

5.8
12.3
1.6

5.9
12.0
1.7

6.1
12.7
1.7

6.2
12.8
1.8

6.3
12.9
1.8

6.3
12.3
1.9

6.1
12.6
1.8

6.1
12.6
1.8

6.1
12.6
1.8

6.4
12.0
1.8

6. 6
13. 1
2.0

6.8
13.4
2.0

7.3
14.1
2.1

7.5
14.2
2.1

7.7
14.3
2.1

7. 8
7. 8
14. 2 | 14. 4
2. 1 i 2. 1

323. 8

330. 9

335. 4

341.1

345.1

351.4

355.6

354. 1

353. 1

356.0

364.6

368.2

375.0

384.7

385. 5

390.2

395.4

401.4 ! 403.1

27.5

48. 0

28.8

:

8

51.1

9

21.1 '
.0

21.5 : 21.8 i 22.1
.0 i
.0 :
.0

10
11

46.0

:

30.4

!

'

405.4

;

31.2 i 31.6 j 31.6
1
i
7. 4 i
7. 2 j 7. 2
14. 8 j 14. 9 I 15. 5
2. 1 ! 2. 1 ! 2. 1

7. 8
7. 6
14. 5 | 14. 7
2. 1 j 2. 1

403.7

48. 3

45.0

i

!




46. 6 j

40.1 ;

43.3

'

17.1

3

2. 1 ! 2. 1 ! 2. 1 I
2. 1
2. 1
— 3 . 0 ' —3.1 — 4 . 4 ; —3.1 j — 1.9

343.2

5.5
11.7
1.5

476.6 ;492.0
;

49. 7

46. 9 \

i

16.7

44. 1

I

413.5

12
13
14
15

j

419.4 1427.3

16

GROSS NATIONAL PRODUCT, NATIONAL
Line TABLE 4.— PERSONAL INCOME AND

1947

ITS DISPOSITION, (II-l, II-2)

1948

1949

1950

1951

1952

1953

1954

1955

19££

1957

1958

1959

1960

1961

[Millions of dollars]

1 Personal income
2
3
4
5
6
8
9
10
11

191,581

Wage and salary disbursements
Commodity-producing industries
Manufacturing only
Distributive industries
_ ___ _
Service industries
Government

210, 435

208,319

228, 468

256, 692

273,071 288, 259 289, 825 310, 196 332, 943 351, 423 360, 259 383, 936 4CO, 785 416, 432

122,843
54, 336
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
1 7, 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. 857 198,106 196, 259 210, 902 227, 634 238, 548 239, 803 258, 459 271 , 308 278. 821
80. 547 88, 077 84, 062 91,390 98, 724 102.217 97, 940 107, 243 110,442 110,780
62. 9(50 69, 881 66, 077 72, 252 77, 706 80, 644 76,701 84, 720 87,411 87, 469
48, 749 51, 797 52, 324 55,766 60, 336 63, 403 63, 819 68, 181 71,802 72, 857
22, 628 24, 283 25, 481 27, 771 30, 533 32, 759 34, 797 37, 722 40, 698 43, 354
32, 933 33, 949 34, 392 35, 975 38,041 40, 169 43, 247 45,313 48. 366 51,830

2 334

__

-

__ -

3,021

3,823

4, 786

5. 316

5, 994

6, 214

7,136

8,102

9,140

9,357

10. 398

10,996

11.391

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

46,052
32, 504
13, 548

46. 475
35, 104
11,371

46, 236
34. 202
12, 034

47, 832
34, 778
13.054

6, 510

7, 297

8,274

9,013

9. 431

10.154

10, 528

10, 869

10, 698

10,913

11,891

12, 208

11,902

11,913

12. 259

6. 521
8,212

Rental income of persons

2 713

35. 492
19, 948
15, 544

Other labor income
Proprietors' income
Business and professional
Farm

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, 358
21,002

13, 682
23, 459

14,378
25,811

15.018
27, 368

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

11,281

12, 403

15, 147

12, 575

13,210

14,256

16, 223

17,507

18, 806

21,879

26, 332

27, 464

29, 378

33,401

463

552

66-1

954

1,872

2,177

2.979

3, 633

4,915

5, 652

7,321

8,478

10,175

11,130

12,614

775
6 745
3. 804

790
5 769
4,170

1,730
5,104
4,905

1,367
4, 884
7, 942

837
3,897
5, 969

992
3, 863
6, 178

954
3, 738
6, 585

2,015
3. 848
6, 727

1, 369
4, 250
6,973

1,400
4,227
7, 527

1, 755
4, 364
8,439

3,944
4, 559
9, 351

2,514
4,523
10, 252

2,782
4,547
10.919

4, 040
4,787
11,960

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, 853

7,903

9,235

9, 658

21
22
23

Le^' 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, 335
36, 640
5. 695

46, 791
40. 367
6. 424

51,395
44.038
7, 357

52, 784
44, 951
7, 833

17
18
19

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, 924 337, 145 3 19, 390 363, 648

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, 198 313. 538 328, 536 338,058

4,704

Equals* Personal savings
27

Addendum: Disposable personal income in
constant (1954) dollars.

10, 987

8,496

12, 642

17, 676

201,079

211,508

213,815

230. 984

236. 959

18, 940

TABLE 5.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS (1-2, 1-5)
1

18,860

17,508

23,025

23, 627

24, 726

23, 607

20, 854

25,590

[Billions of 1954 dollars]

_

282.3

_ ..

Durable goods
Nondurable goods
Services

293. 1

292.7

318.1

341.8

353. 5

369.0

363.1

392.7

400.9

408.6

401.3

428.6

410. 2

447.9

195. 6

199.3

204.3

216.8

218.5

224.2

235. 1

238. 0

256.0

2G4.3

271.2

273.2

288.9

298.3

304.3

23. 3
105. 3
67.0

Gross national product

Personal consumption expenditures
4
5

19,825

243, 586 255, 024 256, 885 273, 355 286,917 293, 807 296, 295 310, 733 317, 339 327,316

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
1 ! o! 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

35.5
133. 3
104.4

41.0
138.7
109.2

42.2
141. 4
114.7

41.6
143. 3
119.4

6

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

49.0

61,7

60.7

57.8

7
8
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

?7 6
13.6
14.0

29.7
15.4
14.3

33. 9
18.2
15.7

32.3
1 6. 2
16.1

31.8
15.3
16.5

31.1
16.2
14.8

34.4
19.5
14.9

34.3
18.2
16.1

34.8
18.2
16.6

Producers' durable equipment
Change in business inventories

21.7
-.1

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
-1.5

21.4
5.9

22 7
"£7

21.1
2.0

1.4
-1.6

3.0
1.4

-2.6
-1.0

6.5

9.0
.7

A

1.1
-.7

—2. 1
.5

5.4
.7

4.9
-.4

LO

-2.4
.8

5.9
-.0

3.4
.3

1.8
.1

10
11
12
13
14
15
16
17
18
i'J

"NTonfarm
Farm

_ _

_

8.0

Exports
Imports

-

Government purchases of goods and services .
Federal
State and local

2.6

^2

2.2

1.2

-.9

1.0

.9

2.5

3.8

-.2

-2.1

1.5

1.8

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

21.9
24.1

24.9
23.4

25.3
23.5

37.2

42.1

47.2

45.1

63.3

77.7

84.3

75.3

73.2

72.3

75.5

79.3

80.1

79.8

84.0

19.4
17.8

_

2.0

19.2
11.1

Net exports of goods and services

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

43.9
36.2

42.3
37.4

44.5
39.4

TABLE 6.— IMPLICIT PRICE DEFLATORS FOR GNP (VII-2, VII-3)
1
2
3
4
5

[Index numbers, 1954=100]

83.0

6

New construction
Residential nonfarm _ _ _
Other

_

10
11

Producers' durable equipment
Change in business inventories

96.2

98.1

99.0

100.0

101.2

104.6

108.4

110.8

112.6

114.4

115.8

89.9

96.0

98.0

99.0

100.0

100.4

102.1

105.1

107.3

108.5

110.1

111.1

92.4
94.0
81.7

93.5
90.9
83.6

94.6
91.4
85.9

101.1
99.0
89.8

102. 2
100. 1
93.6

99.4
99.7
97.7

100.0
100.0
100.0

100. 1
99.5
101.7

101.3
100. 9
104. 1

104.7
103.9
107.0

104.9
106.3
109.4

106.3
106.0
112.5

106. 1
107.4
115.0

105. 2
108.3
116.5

76.6
78.4
74.8

85.9
88.6
83.1

84.3
85.9
82.6

88.3
90.9
85.1

95.3
97.5
93.1

98.4
100.3
96.5

100.1
101. 3
98.9

100. 0
100.0
100.0

103. 1
103.0
103. 2

109.8
109.0
110.7

113.5
111.2
115.7

114.2
111.2
117.6

116.8
114.3
120.1

118.8
115.9
122. 0

119.6
115.8
123.7

83.1

87.0

89.0

96.8

97.5

99.0

100.0

102.6

109. 0

115.7

118.9

121.4

121.6

121.3

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

104.3
98.2

105.8
100.3

107.6
99.1

76.4

82.0

85.1

86.5

95.5

97.8

98.3

100.0

103.3

109.2

114.6

117.9

121.4

125.0

127.9

80.8
71.5

84.4
79.3

88.0
81.7

89.6
83.7

98.7
90.2

99.2
94.8

98.6
97.5

100.0
100.0

104.1
102.2

109.7
108.6

114.9
114.2

118.3
117.3

122.2
120.3

125.6
124.2

128.0
127.9

Gross private domestic investment

7
8
9

89.5

88.7

93.4
79.7

Durable goods
Nondurable goods
Services

88.2

89.5

76.8

_ _

88.5

84.6
88.4
88.7
76.8

Gross national product _ _
Personal consumption expenditures

_ _

12
13
14
15
16
17

Net exports of goods and services
Exports
Imports

_ _

_ _

Government purchases of goods and servicesFederal
State and local




-- -

INCOME, AND PERSONAL INCOME, 1947-61
1957

1956

1960

1959

1958

1961
Line

I

II

III

I

IV

1

II

III

IV

I

II

III | IV

1

II

III

IV

I

II

III

IV

I

II

III

IV

[Billions of dollars, seasonally adjusted at annual rate?]
323.8

330.9

354.4

341.1

345.1

351.4

355.6

354.1

353.1

356.0

364.6

368.2

375.0

384.7

385.5

390.2

395.4

401.4

403.1

403.7

405.4

413.5

419.4 427.3

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

234.8
96.4
75.8
63.4
33.8
41.2

235.7
96.0
75.0
63.0
34.5
42.2

242.8
98.3
76.9
64.1
35.2
45.2

245.8
101.1
79.1
64.7
35.7
44.4

251.6
104. 7
82.5
66.0
36.2
44.7

259.7
109.1
86.2
68.1
37.4
45.1

259.9
107.3
85.0
68.9
38.2
45.5

262.5
107. 9
85.2
69.6
39.0
45.9

268.5
111.2
88.5
70.8
39.6
46.9

272. 2
11L6
88.4
72.4
40.5
47.8

273.3
110.6
87.4
72.4
41.3
49.0

271.3
108.4
85.4
71.8
41.5
49.7

271.2
106.8
84.0
71.7
42.3
50.4

276.9
110.3
87.1
72.4
43.1
51.2

281.0 286.1
111.7 114.3
88.2 90.7
73. 4 73.9
43.8 44.3
52.2 53.6

2
3
4
5
6
7

7.7

8.0

8.2

8.5

8.8

9.0

9.3

9.5

9.3

9.2

9.3

9.6

10.0

10.3

10.6

10.7

10.8

11.0

11.0

11.2

11.2

11.3

11.4

11.6

8

45.2
32.9
12.3

44.5
32.4
12.1

45.9
31.6
14.3

45.6
32.1
13.5

46.2
32.7
13.4

46.5
33.5
12.9

46.8
34.5
12.4

47.2
35.5
11.7

46.0
35.4
10.6

45.9
35.1
10.8

45.2
34.5
10.7

46.9
34.5
12.4

46.3
34.1
12.2

46.5
33.8
12.7

46.5
33.7
12.8

47.2
34.5
12.7

48.1
35.1
13.1

49.5
36.0
13.6

9
10
11

12.1

12.2

12.2

12.3

12.2

12.1

11.8

11.9

11.9

11.9

11.9

11.9

11.9

12.0

12.0

12.2

12.3

12.5

12

12.6
20.3

12.6
20.6

12.6
21.1

12.0
22.0

13.1
22.6

13.4
23.0

14.1
23.7

14.2
24.5

14.3
25.2

14.2
25.5

14.4
26.0

14.5
26.5

14.7
26.6

14.8
27.2

14.9
27.5

15.5
28.1

13
14
15
16

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

10.7

10.8

11.0

11.1

11.4

11.8

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

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

26.8
9.5

27.1
10.3

27.3
10.4

28.5
10.5

28.5
10.7

28.9
11.2

29.6
11.3

30.9
11.4

32.5
11.8

33.4
12.5

33.7
12.8

33.8
13.4

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

2.4

2.4

2.9

3.8

3.8

4.4

3.9

3.7

17

4.8
11.9

18
19

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

4.6
9.9

4.6
10.1

4.4
10.5

4.5
10.6

4.6
10.8

4.5
10.8

4.5
10.9

4.6
11.1

4.7
12.2

4.9
11.5

4.7
12.3

5.7

5.8

5.8

6.0

6.7

6.7

6.8

6.7

6.8

6.7

7.0

6.9

7.8

7.9

8.0

8.0

9.1

9.2

9.3

9.3

9 5

9.6

9.7

9.9

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

41.7
36.1
5.6

41.8
36.2
5.7

42.7
37.0
5.7

43.1
37.3
5.8

45.4
39.2
6.3

46.7
40.3
6.4

46.8
40. 3
6.5

48.3
41.7
6.6

51.4
44.1
7.2

51.9
44.6
7.3

51.4
44.0
7.4

50.9
43.4
7.5

51.0
43.3
7. 7

52.5
44.7
7.8

53.0
45.1
7.9

54.6
46.7
8.0

21
22
23

312.7

311 ?,

311.4

314.2

321.8

325.0

329.6

338.0

338 8

341.9

344.0

349 6

351.7

352.7

354.3

361.0

366.3 372.6

24

335.5

340. 1 346.1

25

284.6

291.1

295.2

300.3

303.0

308.8

265.6

268.2

270.4

275.6

280.1

283.3

288.7

288.6

287.4

290.9

294.5

299.8

305.7

313.0

316.7

318. 8

323.9

329.9

329.8

330.5

330. 5

19.0

22.9

24.8

24.7

22.9

25.4

24.0

22.6

23.9

23.3

27.3

25.2

23.9

25.1

22.1

23.1

20.1

19.7

22.0

22.2

23.8

25.5

282.0

286.2

287. 7

291.0

291.1

294.6

296. 1

293.3

291.3

299. 9

302. 1

305.8

312.1

311.4

313.1

313.9

317.5

318.9

318.9

319.8

325.5

292.6

26.5

26

329.7 334.5

27

1

26.3

[Billions of 1954 dollars]
398.8

398.9

400.2

405.5

409.6

410.0

411.0

403.8

393.0

395.2

402.9

413.6

421.7

434.0

427.6

431.1

440.9

442.3

439.7

437.7

433.9

443.9

450.4 463.4

263.2

263.7

263.4

266.9

268.9

270.4

273.4

272.1

268.9

270.9

274.4

278.7

283.6

289.1

291.0

291.9

295.6

299.7

299.1

298.8

298.2

302.5

306.0 310.6

2

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
131.4
102.6

34.7
132.3
104. 0

35.1
134.3
105.1

37.5
135.2
106.1

39.6
136.8
107. 2

41.6
139.1
108.4

42.0
139.3
109.8

40.8
139.8
111.3

42.4
140. 6
112.6

43.0
142.3
114.5

41.8
141.9
115.4

41.8
140.7
116.3

39.0
141.5
117.7

41.3
142.3
118.8

41.7 44.4
144.4 144.9
120.0 121.4

3
4
5

62.8

61.5

61.4

61.3

59.8

59.3

58.9

54.1

46.8

45.8

48.1

54.7

59.5

67.2

58.0

62.0

66.7

61.5

58.6

55.8

50.0

56.5

60.4

64.1

6

32.7
16.6
16.1

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

30.2
15.3
14.9

30.6
16.2
14.5

32.1
17.7
14.4

33.8
19.4
14.4

35.3
20.6
14.7

34.9
19.7
15.2

33.6
18.5
15.2

34.6
18.6
16.0

34.2
18.2
16.0

34.0
18.1
15.9

34.3
17.8
16.5

33.0
16.5
16.5

34.3
17.4
16.9

35.6
18.8
16.7

36.1
19.7
16.4

7
8
9

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
-4.6

19.1
-3.4

18.8
-1.3

19.5
3.1

20.1
5.6

21.7
10.2

21.8
1.3

21.8
6.6

22.6
9.6

23.3
4.0

22.7
1.9

22.2
-.7

20.1
-3.0

20.2
2.0

21.3
3.5

22 7
5.4

10
11

6.4
— 6

5.0
— 8

4.3
— 4

3.9
1

1.8
7

1.7
1 i

1.3
1 0

-2.0
9

-5.5
9

-4.3
9

-2.1
8

2.4
.7

5.5
.0

10.2
—.i

1.4
_. i

6.6
.0

9.4
.2

3.7
2

1.6
.3

-1.0
.3

-3.2
.2

1.9
2

3.4
.1

5.3
.1

12
13

.9

2.2

3.1

3.8

5.0

4.2

3.8

2.2

4

2

.2

20.6
19.7

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

20.9
23.2

21.2
24.4

22.9
24.9

-1.1

-2.3

-3.1

-2.0

-1.1

.2

1.0

1.5

3.3

3.5

1.7

7

1.4

14

22.7
23.8

24.0
23.8

25.1
24.0

25.0
23.5

25.6
22.3

25.7
22 2

24.4
22.7

25.1
24.4

26.2
24.8

15
16

71.8

71.5

72.1

73.5

75.8

76.0

74.8

75.4

77.0

78.6

80.2

81.2

80.9

80.9

80.6

78.3

78.4

80.0

80.5

79.9

82.2

83.3

83.3

87.2

17

41.8
30. 0

40. 9
30.6

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
33.8

44.4
34.2

44.9
35.3

45.4
35.8

44.4
36.5

44.4
36.4

44.3
36.3

42.4
35.9

42.0
36.4

42.9
37.1

42.7
37.8

41.8
38.1

42.9
39.2

44.4
38.9

44.1
39.2

46.7
40.5

18
19

[Index numbers, 1954 = 100]
103.0

104.0

105.2

106.0

107.0

107.8

109.1

109.5

110.1

110.6

110.9

111.4

111.9

112.4

112.9

113.3

113.8

114.1

114.6

115.0

115.4

115.6

116.0 116.2

1

100.9

101.7

102.6

103.2

104.1

104.8

105.6

106.1

106.9

107.4

107.3

107.6

107.8

108.3

108.8

109.2

109.6

110.1

110.3

110.6

110.8

110.9

111.1 111.4

2

99.8
99. 6
103.1

100.6
100.5
103.8

101.8
101.5
104.5

103.2
101.9
105.1

103.8
102. 9
106.0

104.8
103.4
106.5

105. 1
104.4
107.3

105.3
104.8
108.0

104.7
106.2
108.6

104.7
106.7
109.2

104.8
106. 2
109.6

105.3
106. 0
110.4

106. 0
105.8
110.9

106. 8
105.7
112.1

107.0
106.1
113.0

105.5
106. 5
113.9

106.4
106.7
114.4

106.6
107.2
114.9

106.5
107.4
115.1

105.1
108.3
115.5

104.6
108. 5
115.7

105.3
108.1
116.2

105.5 105. 1
108.2 108.5
116. 6 117.3

3
4
5
6

107.4
107.1
107.7

109.6
109.0
110.2

110.5
109.6
111.4

111.8
110.1
113.5

112.2
110.4
113.9

113.5
111.0
115.8

114.2
111.6
116.5

114. 1
111.5
116.6

113.7
110.6
116.8

113.9
110.4
117.4

114.5
111.4
117.9

115.0
112.2
118.5

115.5
112.9
118.8

116.4
114.0
119.9

117.5
115. 0
120.8

117.8
115.2
121.0

118.2
115. 8
121. 1

118.9
116.3
121.9

119.1
116.1
122.4

118.9
115.5
122. 6

119.2
115. 0
123.4

119.5
115.7
123.4

119.9 119.8
116.3 116.1
123.7 124.3

7
8
9

105.9

108.1

109.6

112.2

114.0

115.4

116.4

116.9

118.1

118.9

118.9

119.6

120.9

121.4

122.0

121.1

121.5

121.9

122.0

121.1

121.6

121.5

121.4 120. 7

10
11

103. 7
101. 6

102.9
101.6

102.9
101.6

104.0
102.6

107.2
103.8

106.6
103.8

107.8
103.0

108.0
102.3

107.0
100.5

106. 3
99.6

105.0
98.8

105. 1
98.1

104.5
97.3

103.9
97.6

103.8
97.8

105.0
100.2

105.4
100.4

105. 8
100.5

106.1
100.6

106.0
99.8

106. 8
99.8

108.4
98.8

107.3 108. 1
98.8 98.8

13
14

12

106.6

108.1

110.7

111.5

112.5

113.7

116.0

116.4

116.7

117.0

118.6

119.1

120.2

120.6

121.3

123.3

124.0

123.7

125.2

127.0

127.6

127.3

128.3 128.4

15

107.2
105.7

108. 6
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

117.2
116.1

116.8
117.2

119.5
117.4

119. 7
118.4

121.3
119.0

121.4
119.6

121.8
120.7

124.5
121.9

125.0
122.8

123.7
123.6

125. 5
124.8

128.3
125.5

129.1
125.9

127. 6
127.0

128.1 127.3
128. 6 129. 7

16
17




SUMMARY DATA, 1961
I. National Income arid Product Account, 1961l
[Billions of dollars]
Item
1 Compensation of employees
2
Wages a n d salaries
3
Disbursements (II-7)
4
Excess of accruals over disbursements (V-ll)
5
Supplements
6
Employer contributions for social insurance (111-18)
Other labor income (11-11)
8 Proprietors' income (11-12)
9 Rental income of persons (11-15)
10 Corporate profits and inventory valuation adjustment
11
Profits before tax
12
Tax liability (111-15)
13
Profits after tax
14
Dividends (11-16)
15
Undistributed (V-12)
16
Inventory valuation adjustment (V-13)
17 Net interest (11-18)

302. 2
278.8
278.8
.0
23. 4
12.0
11.4
47. 8
12.3
45. 5
45.6 j
22.3
23.3
15.0
8.3
.0
20.0

_ _

18 NATIONAL INCOME

19
20
21
22
23

Item
24 Personal consumption expenditures (II-2)

338. 1

25 Gross private domestic investment (V-l)

69.3

26 Net exports of goods and services
27
28

4.0

Exports (IV-1)
Imports (IV-2)

27.3
23.3

29 Government purchases of goods and services (III-l)

107.4

427.8

Business transfer payments (11-21)
Indirect business tax and nontax liability (111-16)
Current surplus of government enterprises less subsidies (111-10)
Capital consumption allowances (V-14)
Statistical discrepancy (V-16)

2.1
48.2
—1.7
45.3
—3.1

GROSS NATIONAL PRODUCT

518.7

GROSS NATIONAL PRODUCT

518.7

II.—Personal Income and Outlay Account, 1961 ]
[Billions of dollars]
Item
1 Personal tax and nontax payments (111-12)

52. 8

2 Personal consumption expenditures (1-24)
3
4
5

338. 1

Durable goods
Nondurable goods
Services

6 Personal saving (V-10)

__
_

43.7
155. 2
139.1
25.6

PERSONAL OUTLAY AND SAVING

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

Wage and salary disbursements (1-3)
M an uf actur ing
Other private
Government
Other labor income (1-7)
Proprietors' income (1-8)
Business and professional
_ ._
Farm
Rental income of persons (1-9)
.__ ._ _
Dividends (1-14)
Personal interest income
Net interest (1-17)
Net interest paid by government (III-9)
Transfer payments
Business (1-19)
Government (III-7)
Less: Personal contributions for social insurance (111-19)
PERSONAL INCOME

416.4

:.

. 278.8
87.5
139. 5
51.8
, 11.4
. 47.8
. 34.8
13.1
12.3
, 15.0
. 27.4
. 20.0
. 7.3
. 33.4
2.1
31.3
9.7
416.4

III.—Government Receipts and Expenditures Account, 1961 *
[Billions of dollars]
Ite m
1 Purchases of goods and services (E-29)
Federal
2
National defense (less sales)
3
Other
4
State and local
5
6
To persons (II 22)
Foreign (IV-3)
8
9 Net interest paid (II 19)
10 Subsidies less current surplus of government enterprises (1-21)
11 Surplus or deficit (— ) on income and product account (V-15)

GOVERNMENT EXPENDITURES AND SURPLUS

107 4
57 0
48.3 1
8.7
50 4
32 8
31 3
1.6
7 3

Item
12 Pprtjnnnl tiiy and rmnt.nv rp^oint.s (TT-1 )

18
19

Personal (11-23)

1. 7

-4.4
144 8

GOVERNMENT RECEIPTS

IV.—Foreign Transactions Account, 1961
[Billions of dollars]
Item
1 Exports of goods and services (1-27)

52 8
45 0
7 8
22.3
48.2
21.6
12 0
9.7

Federal
State and local
15 Coporate profits tax accruals (1-12)
16 Indirect business tax and nontax accruals (1-20)
17 Contributions for social insurance

13
14

144 8

l

\ Hem
27.3 | 2 Imports of goods and services (1-28)
3 Transfer payments from U.S. Government (III-8).
4 Net foreign investment (V-9)._

23.3
1.6
2.4
27.3

PAYMENTS TO ABROAD

RECEIPTS FROM ABROAD.

V.—Gross Saving and Investment Account, 1961

[

[Billions of dollars]
Ite m
1 Gross private domestic investment (1—25)
New construction
2
Residential nonfarm
3
4
5
in
'nv n r i >
6
Nonfarm
Farm
8
9 Net foreign investment (IV-4) ._

GROSS INVESTMENT

. _..

Ite m
69 3 \ 10 Personal saving (II-6)
11 Excess of wage accruals over disbursements (1-4)
41.6
21.0
12 Undistributed corporate profits (1-15)
13 Corporate inventory valuation adjustment (1-16)
°5 5
14 C apital consumption allowances (1-22)
o i
1.9
15 r
2
16 Statistical discrepancy (1-23)
2.4

71.7

1. Numbers in parentheses indicate accounts and items of counter-entry in the accounts.


10


.

GROSS SAVING AND STATISTICAL DISCREPANCY

... 25.6
.0
... 8.3
.0
. . . 45. 3
4 4
-3.1
... 71.7

I. GROSS NATIONAL PRODUCT AND NATIONAL INCOME
Table 7.—National Income by Industry (1-10)

Table 8.—National Income and Gross National Product by Legal
Form of Organization (1-12)
[Millions of dollars]

[Millions of dollars]
1956
350, 836
All industries, total
16, 087
Agriculture, forestry, and fisheries
Farms
15, 143
Agricultural services, forestry, and
fisheries
944
Mining
__ _ _ 6,243
Metal mining
1,092
Anthracite mining
_ __
170
Bituminous and other soft coal mining_ 1,543
2,602
Crude petroleum and natural gas
Nonmetallic mining and quarrying. _ _
836
Contract construction
19, 515
Manufacturing
109, 268
Food and kindred products __
8,799
747
Tobacco manufactures
4,382
Textile mill products _
._
Apparel and other finished fabric
products
_ _
4,410
Lumber and furniture products
5, 138
Lumber and wood products, exc.
furniture
3,245
Furniture and fixtures
1,893
Paper and allied products
4, 186
Printing, publishing, and allied
industries
5,436
Chemicals and allied products _
7,739
Products of petroleum and coal
4,344
Rubber products
1,895
Leather and leather products
1,461
Stone, clay, and glass products
3,920
Metals, metal products, and miscellaneous
23, 486
Primary metal industries
10, 891
Fabricated metal products, incl.
ordnance
___
7,719
Instruments
2, 325
Miscellaneous manufacturing
2,551
12, 182
Machinery, except electrical
Electrical machinery
7,521
Transportation equipment, exc. automobiles
_ _
6,395
Automobiles and automobile equipment-.
7,227
58, 192
Wholesale and retail trade
Wholesale trade
20, 414
Retail trade and automobile services-- 37, 778
32, 367
Finance, insurance, and real estate
Banking
5, 104
Security and commodity brokers,
dealers and exchanges
510
839
Finance, n.e.c ._
Insurance carriers
3, 183
Insurance agents and combination
offices
_
_ 1,975
Real estate
20,756
Transportation
16,841
Railroads... _ _ _ __
7,619
Local and highway passenger transportation
_ _ . . ..
_
1, 415
Highway freight transportation &
warehousing
_
4,647
1,012
Water transportation
877
Air transportation (common carriers) 305
Pipeline transportation
Services allied to transportation
966
Communications and public utilities. __ 12, 658
Telephone, telegraph, and related
services
5,328
Radio broadcasting and television
683
Utilities: electric and gas. ._
6,430
Local utilities and public services,
217
n.e.c
37, 252
Services
1,749
Hotels and other lodging places
3,929
Personal services
Private households _ _ _ _ _ _ _ _
7,839
Commercial and trade schools and
215
employment agencies
4,189
Business services, n.e.c
Miscellaneous repair services and
1,457
hand trades
891
Motion pictures _ _ _ _ _ _ _ _
Amusement and recreation, exc.
1,279
motion pictures
__
7,564
Medical and other health services
Legal services . _
_ _ _ _ _
1,965
Engineering & other professional
1,866
services, n.e.c
Educational services, n.e.c _ _ _
._ . 1,767
Nonprofit membership organizations,
2, 542
nee
Government and government enter40, 401
prises
18, 833
Federal — general government
2, 667
Federal— go vernment enterprises
State and local — general government- 17, 578
State and local— government enter1 , 323
prises

Rest of the world




-

2,012

1957

1958

1959

1960

366, 943 367, 384 400,481 415, 480
16,365 18,338 16,326 17, 286
15, 397 17, 369 15, 350 16, 190
1,096
968
969
976
6,238
5,435
5,283 5,207
763
757
644
951
94
162
146
109
1,221
1,151
1,569
1,186
2,363
2, 767
2,561
2,544
836
789
750
800
20 247 19 870 21, 558 21, 884
112, 476 103, 817 119, 929 121, 987
9,075 9,375 10, 155 10, 367
1,004
877
981
807
4,608
4, 157
3,974
4, 606

1961
427, 829
18, 494
17, 374

1
2

1,120

4,977
681
89
1,044

2,332

831
22, 141
121, 704

10,849
1,052

4,346

3

Corporate profits and inventory valuation adjustment *
Profits before tax
_
Profits tax liability
Profits after tax
Inventory valuation adjustment

8
9
10
11

4,940

4,819

12

2,825
1,893
4 016

2 763
1,760
3 961

3,268
2,005
4,463

3 042

2,849

4 637

1,970
4,801

13

24, 377
11 293

8,089
2,409
2,586
12, 333
8,358

3 673
1,796
1,368
3 772

21,720
9 109

7,696

4,247

4,406

4,450

4,334

2, 175
1,456

24, 837
10 527

25, 268
10 624

24, 994
9 979

8,733
2, 805

10, 610

12, 605

7,930

9, 557

2,174
1,562

2, 366

2,549

6,700

6,603
9,297
4,230

2,772

8,887

2, 918

2,839

9,558

12, 720
10, 083

9,111

2,932
2,972
12,643

7,539

7,014

6,971

6,667

6,693

5,255

8,465

7,549

61 136
21, 442
39, 694
37, 555

7, 996
66 568
23, 454
43, 114
40, 402
6, 572

67 963
23, 938
44, 025
42, 537
7,183

69, 629
24, 772
44, 857
44, 705
7, 179

547
894
3,489

638
844
4, 128

652
1,023

703
1,007

867
1,148

5,929

4,746

5,080

5,286

2, 332
25, 077
17, 671

2,379
26, 185
17, 939

2, 502
27, 723
17, 896
6,513

17
18
19

Proprietors' income
Business and professional- ._
Income of unincorporated
enterprises
Inventory valuation adjustment
_ Farm

43, 290
31, 673

44, 001
32, 221

45, 495
31, 947

45, 836
34, 465

45, 692
33, 658

47, 252
34, 198

32, 175

32, 521

32, 003

34,605

33, 677

34, 165

-502
11,617

-300
11, 780

—56
13, 548

-140
11, 371

-19
12, 034

33
13, 054

20
21

924

1, 108

1,146

1,254

1,358

1,497

22, 277

23, 573

24, 670

25, 842

27,465

24
25
26

Compensation of employees. . 3,299
3, 152
Wages and salaries
Supplements to wages and
salaries
- ._
147

3,572
3,403

3, 758
3, 577

4,020
3,796

4,279
4,019

4,438

169

181

224

260

273

27

Proprietors' income — business and professional

28

Rental income of persons

29

Government enterprises
Compensation of employ ees_.
Wages and salaries
Supplements to wages and
salaries

34

Incomeoriginating in general government
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Income originating in households
and institutions
Compensation of employees. ._
Wages and salaries ._ _ . .
Supplements to wages and
salaries _
Net interest
Income originating in the rest of
the world
Wages and salaries
Corporate profits after tax
Net interest
Gross national product
Business __
_ .
Income originating in business
(line 2 above)
_._
Other
Indirect business tax and nontax liability.
_ -__ Business transfer payments...
Corporate gifts to nonprofit
institutions
Consumer bad debts
Other
Statistical discrepancy
Less: Subsidies minus current
surplus of government enterprises
Capital consumption allowances
General government (line 34
above) _ Households and institutions (line
38above)
Rest of the world (line 43 above)..

834
7, 876

7,110
877
8,471

7,474

252
45 984
1,937
4,421

276
49, 150
1,998
4, 588
10, 210

51,749
2,062

238

248
6, 598

44
45
46
47
48
49

1, 694
915

50
51

1,824

52
53
54
55
56
57

9,026
2,224

1,436

1,547
10, 108

1,718
10, 668

2,666

11,358
2,799

2,036
1,948

2,005
2,140

2, 185
2, 372

2, 335
2, 662

2,448
2,880

*™

3 Oil

3,239

3 496

3 374

48, 975
20, 840
3, 269
23, 299

52, 506

56, 345
22, 71 5
3, 785

19, 524

46, 618
20, 430
3,169
21, 545

25, 637

28,071

1,376

1,474

1,567

1,689

1, 774

2.245

2,099

2.168

2.287

2.720

43, 155

19,425
2,830

2,592

21,638
3,542

35
36
37
38
39
40
41
42
43

287

1,326
8,187
2,115

Net interest

30
31
32
33

6,652

1,628
877

Net interest
Other private business

6,044

1,668
865

2,014

20, 151

22

5 684
716
6,777

1,478
775

931

1,918

5, 954
1,052
1,307
359
1,155
17, 4-69

1,532
841

626

1,656

5,711
1,157
1,268
348
1,153
16, 734

5,609

862

1,368

1,019
1,154
354
1,075
15, 614

4,905

983

1,343

5,632

256
6, 048

449

42, 092
40, 078

4,911
949
994
322
999
14, 179

229

281

90, 841

4, 885
1, 101
910
315
1,042
13, 405

235
4,627

—16

40, 989
39, 071

1, 556

4, 707

192

88, 039

1,518

10,542

—465

39, 270
37, 614

1,492

9,203

—255

86, 360

6,948

1,771
4, 189
8,719

—2, 693 —1, 539

36, 351
34, 983

1,430

227

43, 354
22, 251
21, 103

82, 992

6,824

41,908

43, 746
43, 554
22, 435
21, 119

35, 982
34, 639

1, 452

228
39 978
1,810
4 159
8,383

45, 399
45, 864
23, 188
22,676

81, 091

6,784

888

35, 356
35, 611
18, 646
16, 965

79, 020

2,181
23, 835
16, 429

8,820

43,338

39, 744
41, 283
20, 922
20, 361

Compensation of employees. _ 34, 806
Wages and salaries
_ __ 33,588
Supplements to wages and
1,218
salaries
_ .- ...

2,087
22, 580
17, 208
7,503

754
7,154

Net interest
Sole proprietorships and partnerships

40,233
42, 926
21, 227
21, 699

16, 030

14
15
16

10, 477

7, 693
60, 350
21, 355
38, 995
35, 276
5,679

.,

7

5 070

9,315
4,167
2, 117
1,527

353, 891

Corporate business

185, 757
169, 727

4,898

6,228

427, 829

National income

230, 026

4,680
5,273

7,928

350, 836 366, 943 367,384 400, 481 415, 480

Income originating in business,
298, 320 310, 494 307, 003 336, 635 346, 552
total
.-_
Compensation of employees. . 154, 645 162, 727 159, 456 174, 508 183, 068
143, 765 150, 577 147, 371 160, 377 167, 505
Wages and salaries
Supplements to wages and
salaries
10, 880 12, 150 12 085 14, 131 15, 563

4 523

5 708

1961

1960

1959

4
5
6

4,333

5, 700
8, 100
3 957
1,914
1,480
3,871

1958

195, 159 202, 920 195, 795 220, 769 227, 440

4,381
4 718

2,028

1957

1956

Line

58
59
60
61
1

4, 165

425

456

557

639

544

10, 913

11, 891

12, 208

11, 902

11,913

12, 259

.580

5, 514

6,358

7,050

8, 109

9, 106

10, 188

3,990
3,990
3, 817

4 206
4,206
3,975

4,643
4,643
4,359

4,836
4,836
4,526

5,231
5,231
4,870

5, 559
5, 559
5, 155

173

231

284

310

361

404

36,411
36, 411
34, 203

38, 949
38, 949
36, 173

41, 975
41,975
38, 867

44, 139
44, 139
40, 766

47, 275
47, 275
43, 475

50, 786
50, 786
46, 654

2,208

2,776

3, 108

3,373

3,800

4, 132

14, 093
9,330
9,088

15, 255
10, 042
9, 760

16,307
10, 938
10, 625

17,539
11, 734
11, 359

19,366
12, 802
12, 347

20, 432
13, 521

242
4,763

282
5, 213

313
5,369

375
5, 805

455
6,564

500
6,911

2,012
2,168
2,245
2,099
2,287
21
21
21
21
21
1,757
1 925 1, 799
1 793 1 870
234
299
279
354
396
419, 180 442, 769 444, 546 482, 704 503, 443
366, 664 386, 320 384, 165 418, 858 434, 515

2,720

298, 320 310, 494 307, 003 336, 635 346, 552
68, 344 75 826 77, 162 82, 223 87, 963
35, 692
1,616
418
662
536
-2, 428

13,021

21
2 199
500

518,725
444, 787
353, 891
90, 896

46, 538
2,092

48, 187
2, 132

395
482
482
418
728
816
816
720
754
794
708
652
—601 -1,461 —2, 962 -3, 396

482
816
834
-3, 086

38, 186
1,790

39, 322
1,831

42, 601
2,052

948

992

1 135

430

521

1 676

34 412

37 443

38 605

40 962

43 250

45 339

36,411

38 949

41, 975

44 139

47 275

50, 786

14, 093
2,012

15, 255
2,245

16, 307
2,099

17, 539
2,168

19,366
2,287

20, 432
2, 720

Excludes profits received from abroad. (See line 45.)
1
1

Table 9.—Gross National Product by Legal Form of Organization,
in Constant Dollars (1-13)

Table 10.—Farm and Nonfarm Business Gross Product., in Current
and Constant Dollars (1-15)

[Billions of 1954 dollars]
1956
1957

1956

1958

1959

1960

400.9

408.6

401.3

428.6

1957

iyoi
Business gross product

352.7

359. 1

351. 2

377.4

387.1

32.7

33.2

33.8

33.8

34.7

13.5

14.1

14.5

15.1

16.1

16 7

2.0

2.2

2.2

2.3

2.3

Rest of the world

•

1960

1%1

_

366, 664 386,320 384, 165 418,858 434,515
19,313 19, 361 21, 349 19, 970 20,914
347, 351 366, 959 362, 816 398, 888 413, 601

35.7

Households and institutions

Farm
Nonfarm _

392 8

Genera 1 government

Business

1959

[Millions of current dollars]

.._ _

440.2

1958

. _

444,787
21,378
423, 409

[Billions of 1954 dollars]
352.7
20.9
331.7

Business gross product
Farm

'

359.1
20.6
338.5

351.2
20.9
330.3

377.4
20.8
356.6

392.8
22.1
370.7

387.1
21.8
365.3

Table 11.—National Income (1-11, 1-14)
[Billions of dollars, seasonally adjusted at annual rates"!

19 56

By Industry Division

I

11

AH industries, total i _ _ - 343.2
Agriculture, forestry, and
15 6
"Manufacturing
108 0
Durable goods industries. - 64.9
Nondurable goods indus43.1
tries
Wholesale and retail trade.57.0
Finance, insurance, and real
31.7
estate
Transportation
16.6
Communications and public
utilities
_
12.3
Services
36.1
Government and government enterprises
39.2
Other
26.6
By Corporate and Noncorporate Form 2
National income
343.2
Income originating in corporate business
_ _. _ _ 191.9
Compensation of employees
150.6
Wages and salaries
140.1
Supplements to wages
and salaries
10 5
Corporate profits and inventory v a l u a t i o n
adjustment ^
41 0
E'rofits before tax
43.9
21.7
Fronts tax liability
22 2
Profits after tax
Inventory v a l u a t i o n
2 9
adjustment
3
Net interest
Income originating outside
corporate business

II

I

IV

III

III

348.3 352.6 359.1 364.0 367.1

1959

19 58

19 57
I

IV

II

II

I

IV

III

19 60

III

I

IV

II

19 61

III

I

IV

II

IV

III

7). 6 365.1 357.4 360.2 370.1 381.7 391.7 405.6 400. 6 403.9 413.9 417.2 416.6 414.4 411.8 424.3 431.3 444.0

15 6 16 6 16 5 15 8 16 1 16 9 16 7 18 8
108 2 1C7 9 112 9 114 2 113 4 113 6 108 7 100 4
65.0 64.5 69.2 70.4 69.6 69.8 65.7 59.2

18 3 18 3 18.0 17.4 16.7 15.4 15.8 15.7 17.8 17.5 18.1 18.2 18. 1 18 6 19 1
99 8 104 7 110.3 116.6 124.6 119.6 118. 9 125. 8 123.0 121.0 118. 1 113.8 120.7 123 0 129 3
57.9 60.8 65.4 70.1 76.4 70.4 69.9 76.4 73.4 71.5 69.1 65.5 70.6 72.4 77.3

43.3
58.0

43 5
59.2

43.8
58.6

43.8
60.0

43.8
60.5

43 8
61.1

43 0
59.7

41.2
58.9

41.9
60.2

43.9
61.6

44.9
63.9

46.5
65.1

48.2
67.0

49.3
66.6

49.0
67. 5

49.3
67. 8

49.7
69. 0

49.5
68.1

49.0
67.2

48.4
67.4

50.1
69. 6

50.6
70.0

52.0
71.4

32.1
16. 9

32 6
16.7

33.1
17.1

33.9
17.3

34.8
17.3

35 9
17.5

36 6
16.8

36. 9
16.1

37.3
16.0

37.5
16. 5

38.5
17.2

39.2
17.4

40.0
18.0

40. 9
17.7

41.4
17.6

42.0
18.0

42.3
18.2

42.7
18.0

43.2
17.5

43.8
17.1

44.5
17.7

44. 8
18.2

45. 7
18.5

12.6
36.8

12 9
37 6

12.8
38.4

13.2
39.0

13 3
39.8

13 4
40 4

13 6
40 7

13.8
40.7

14. 1
41.4

14.2
42.3

14.6
43.2

15.1
44.2

15.4
45.6

158

46.4

16 1
47.7

16.4
48.4

16.6
48.9

16.9
49.5

17.0
49.8

17.0
50.2

17.3
51.3

17. 6
52.3

18.0
53.3

40.0
28.0

41 0
28 1

41 5
28.2

42.2
28.4

42 8
29. 1

43 7
29.1

43 9
28.4

45. 1
26.7

46. 1
27.0

47.4
27.6

47.9
28.3

48.2
28.5

48.8
29. 5

49.2
28.9

49.8
29.1

50.8
29.0

51.8
29.5

53.3
29.6

54.0
29.4

54.8
29.3

55.7
29.5

56.7
30. 0

58.2
30.5

348.3 352. 6 359.1 364.0 367.1 371.6 365.1 357.4 360.2 370.1 381.7 391.7 405.6 400.6 403.9 413.9 417.2 416.6 414.4 411.8 424.3 431. 3 444.0

194.0 195.0 199.8 203.5 203.8 205.2 199.2 189.3 190.3 197.1 206.4 214.7 225.8 220.8 221.8 230.1 229.3 227.2 223. 2 219.2 228.7 232. 1 240.2
154. 0 155 0 159 0 161 3 163. 1 164 3 162 2 157. 6 156.8 160.0 163. 5 169.5 176.1 175.6 176.8 182.8 184.4 183.8 181.3 180.5 184.8 187.2 190. 5
143.2 144.0 147.7 149.5 151. 0 152.0 149. 8 145.6 144.8 148.0 151.1 155.9 161.9 161.3 162.4 167.3 168.8 168.2 165. 8 164.8 168. 9 171.1 174.1
10 7

11 0

11 3

11 9

12 1

12 3

12 3

12.0

11.9

12.1

12.4

13.7

14.2

14.3

14.4

15.5

15.6

15.6

15.5

15.7

15.9

16 1

16.4

39 8
43.5
21.5
22.0

39 7
40.9
20. 3
20.6

40 5
43.6
21.5
22.0

41 7
44.2
22.3
21.9

40 2
41.7
21.2
20.5

40 4
41.7
21.2
20.5

36 6
37.5
19.1
18.5

30 8
31.0
16.3
14.7

32 6
32.3
17.0
15.3

36 1
36.3
19.0
17.3

41 9
42.8
22.3
20.6

44 4
45.1
22.8
22.3

48 9
50.2
25.2
25.0

44 3
44.8
22.6
22.1

44 0
43.3
22.0
21.3

44 3
44.5
22.9
21.6

42 7
41.5
21.4
20.2

41 2
40.8
21.1
19.6

37 8
37.5
19.4
18.0

43 0
42.8
21.9
20.9

43 9
44.2
22. 6
2l! 6

48 7
49. 0
25.1
23.9

3 7

1 2

31

2 4

1 5

9

2

3

— 8 —1 3

— 5

3

9

— 3

3

3

g

13
_

46 7
47.4
24.3
23.1
g

4

4

5

9

10

10

10

.9

.9

.9

.6

.6

.6

.9

— 3
10

g

.8

12

.6

q

(

151.3 154.3 157.6 159.3 160.5 163.3 166.4 165.9 168.0 169.9 173.1 175.3 177.0 179.8 179.8 182.1 183.8 187.9 189.4 191.2 192.6 195. 6 199.2 ; 203.8

1. Annual d ata by industry, T. 7, p. 11.

2. Annual data by legal form, T. 8, p. 11.

3. Excludes profits received from abroad. (See table 8, line 45.)

Table 12.—Gross National Product (1-4) 1
[Billions of dollars, unadjusted for seasonal variations]

I
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction .
Residential nonfarm
Other.
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
Oilier
Less: Government sales
State and local
I. Annual data, T. 1, p. 6.


12


II

III

IV

I

II

III

IV

II

I

III

IV

I

II

98.9 102.5 104.4 113.4 105.2 110.0 110.9 116.7 104.2 108.4 110.8 121.2 113.4 121.1

6.9

7.4

5.6

6.1

.1
.0

.4 -1.9

7. 7

1. 1

.1

2

1.2

—. 1

— 1

.3
5.2

.8
5.9

.6 -1.2
.3 -1.5
2
.3

1.5
6.4

1.5
6.9

.8
6.2

5.2

4.9

1.4
6.6

5.1

.4
5.6

5.0
18.6
11.1
9.7
15
.1
7.4

19.6
11.2
9.9
1 4
.1
8.3

20.2
11.6
10.3
14
.1
8.6

20.6
11.8
10.5
14
.1
8.8

20.7
12.3
10.9
1 5
.1
8.4

21.8
12.6
11.3
1 3
.1
9.2

21.9
12.5
11.3
14
.1
9.4

5.2

5.4

9.4

5.4

7.5

18.3
10.4
5.7
4.8

19.9

18.3
10.4
5.6
4.8

17.7
11.1
5.9
5.2

16.5
10.5
5.2
5.3

15.3

4.4
4.4

6.1

5. 7

7.0

6.3

7.0

6.3

7.6

6.6

-.0
-.2
2

3.2
3.1
.0

2.4
2.3
.0

.1
.1
.0

.9
.9
.0

4.8
4.7
.0

.3

.4 -.2
5.9
5.3

-.3
5.7

-.5
5.8

.2
6.2

.4
6.2

5.3

7.6
-.3
-.5
.2

6.6

.0

9.0

17.7
11.3
6.4
4.9

-.4

6.6
2.5
2.5
.1

7.0

3.5
3.6

7.6

19.6
10.2
5.9
4.4

17.1

5.3
4.4

3.4
4.1

9.2

4.4
3.8

9.6

13.5

4.5
4.9

5.9

9.9

78.8

15.7

17.5
10.0
4.8
5.2

15.5

4.3
4.7

5.0
4.9

9.0

89.1
12.8
43.1
33.2

5.1
4.6

16.4

3.4
4.2

17.6

4.6
4.4

7.4

8.6

-2.1

8.7

.3

.3

.2

1.3
6.5

.4
5.5
50

.4
5.8

5.4

.0
5.5

5.2

22.1
12.3
10.9
1 5
.1
9.8

21.8
12.6
11.0
1 7
.1
9.2

23.3
13. 1
11.3
9
0
.1
10.2

5.5
24.1
13. 5
11.3
2 3
.1
10. 6

9.4

33.5
30.2

8.3

5.6

5.4

24.3
13.5
11.3
2 4
.1
10.8

23.4
13.3
11.5
2.0
.1
10.1

II

III

IV

119.1 129.0 120.8 125.9 124.2 132.6 120.6 128.1 128.9 141.2

80.5
10.3
37.0
33.2

9.7

16.7

4.5
4.7

16.0

3.6
3.9

9.0

I

IV

81.9
11.5
37.5
32.9

14.6

16.9

16.8

9.2

in

II

77.0
10.2
34.2
32.5

4.3
4.3

34. 4
28.5

30.0
24.4

I

86.0
12.6
42.2
31.3

12.8

72.1

66.3

IV

77.3
10.4
35. 8
31.0

34.7
28.7

68.4
8 2
32.1
28.1

71.8

30.9
26.2

77.8
11 3
39.3
27.2

74.4
11 2
37.8
25.4

88

73.0

70.7
9 7
34.0
27.0

66.2
8 9
32.0
25.3

III

77.2
11.2
35.6
30.4

80.8
11.3
40.5
29.0

70.3
10.1
33.5
26.6

66.2
9 6
31.7
24.8

63.2

19 61

19 50

19 59

19 58

19 57

1956

8.8

.1

83.0
10.9
37.5
34.5

83.0
10.2
37. 9
34. 9

93.3
13 fi
44. 5
35.2

17.1
10.5
5.5
5.1

18.4
11. 5

4.0
4,6

18.5
11.0
5. 7
5.3

7.1

5.6

6.6

6.1

.0 -1.1

1.1
1.0
.1

.0

-. 1 —1.2

.1

.1

9.1

35.3
34.4

8.6

—. 1

.1

5.9

7.2

.S

.1

2
o
.0

6.1

6.1

1.5
7.0
5. 5

1.3
6.6

6.0

5.8

.3
6.4

6.2

.6
6.8

6.0

1.1
6.8
5. 7

.3
6.5 |
6 2i

1.3
7.4
6.1

2-:. 7
13.6
11.8
2.0
.1
11.0

24.6
13.4
11.3
2.2
.1
11.2

24.5
13.3
11.7

23.5
13.0
11.3
1.8
.1
10.6

25.1
13.5
11.7
2.0
2

25.6
13.5
11.3
2.4
.1
12.1

25.4
13.2
11.4
19
.1
12 2

25.3
13.7
11.8
2.0
.1
11.6

26.9
14.4
12. 5
2. 1

27.1
14.2 i
12.0 ;
2 4
.I
12.9

28.1
14. 7

.1
11.2

n'.e

5.4

9

12! 5

12. 7

9
18.' 4

BUSINESS STATISTICS
A HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 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 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960 |

1961

1959

I

Annual total

II

1960

III

IV

I

II

1961

III

IV

I

II

1962

III

IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
National income, totalf

bil. $

' 400. 5 ' 415. 5

r

r

405. 6

' 400. 6

r

403. 9

r

413. 9

r

r

' 424. 3 ' 431. 3 ' 444. 0

Supplements to wages and salaries

'411.8

278.5

293.7

302.2

270.9

279.8

280.2

283.0

290.6

294.6

295.8

293.9

294.1

300.2

304.5

309.9

315.2

do___
do
do __
do

Wages and salaries, total
Private
Military
__
Government civilian

414. 4

do..

Compensation of employees, total

258.5
213.1
9.9
35.4

271.3
222.9
9.9
38.5

278.8
227.0
10.2
41.6

251.6
206.9
9.9
34.8

259.7
214.6
9.9
35.3

259.9
214.4
9.9
35.7

262. 5
216.5
9.8
36.1

268.5
221.6
9.8
37.1

272.2
224.4
9.8
38.0

273.3
224.2
9.9
39.1

271.3
221.6
10.0
39.7

271.2
220.8
10.0
40.4

276.9
225.8
10.0
41.2

281.0
228.8
10.0
42.2

286. 1
232. 5
10.8
42.8

289.9
235.0
11.2
43.7

do

20.1

22.4

23.4

19.4

20.0

20.3

20.6

22.0

22.3

22.5

22.6

22.9

23.2

23.5

23.8

25.2

46.5
35.1
11.4
11.9

46.2
34.2
12.0
11.9

47.8
34.8
13.1
12.3

46.8
34.5
12.4
11.8

47.2
35.5
11.7
11.9

46.0
35.4
10.6
11.9

45.9
35.1
10.8
11.9

45.2
34.5
10.7
11.9

46.9
34.5
12.4
11.9

46.3
34.1
12. 2
11.9

46.5
33.8
12.7
12.0

46.5
33.7
12.8
12.0

47.2
34.5
12.7
12.2

48.1
35.1
13.1
12.3

49.5
36.0
13.6
12.5

49.1
36.2
12.9
12.6

47.2

45.6

45.5

46.1

50.5

46.1

46.0

48.6

46.2

44.4

43.3

40.1

45.0

46.0

51.1

50.4

47.7
23.2
24.5
-.5

45.4
22.4
23.0
2

45.6
22.3
23.3
.0

46.9
22.8
2*1
-.8

51.9
25.2
26.6
-1.3

46.5
22.6
23.9
-.5

45.3
22.0
23.3
.7

49.2
24.3
24.9
-.6

46.4
22 9
23^5
-.2

43.3
21.4
21.9
1.2

42.8
21.1
21.7
.5

39.8
19.4
20.3
.3

44.8
21.9
22.9

46.3
22.6
23.7

51.4
25.1
26.3
-.3

50.1
24.4
25.6
.3

16.4

18.1

20.0

16.0

16.2

16.4

17.0

17.6

17.7

18.2

18.8

19.1

19.8

21.0

21.5

Proprietors' income, totalcf
_.
do__
Business and professionalcf
do
Farm
do
Rental income of persons
___do__
Corporate profits and inventory valuation adjustment, total _.
bil. $
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax _
Inventory valuation adjustment
Net interest

do _
do
do _
do
. do

Gross national product, totalf

do__

427. 8

r 391. 7

417. 2

r 416. 6

0

20.3

' 448. 9

' 482. 7 r 503. 4 ' 518. 7 ' 472. 0 ' 487. 8 ' 482. 7 ' 488. 5 ' 501. 7 ' 504. 8 ' 503. 7 ' 503. 3 ' 500. 8 ' 513. 1 ' 522. 3 ' 538. 6 ' 545. 0

Personal consumption expenditures, total.. do

313.5

328.5

338.1

305. 7

313.0

316.7

318.8

323. 9

329.9

329.8

330.5

330.5

335.5

340.1

346.1

350.2

Durable goods, total©
do
Automobiles and parts
do
Furniture and household equipment. - -do

43.6
18.1
18.9

44.8
18.8
19.1

43.7
17.2
19.3

42.0
17.7
18.0

44.4
19.0
18.9

44.9
18.9
19.2

43.1
16.9
19.3

45.1
19.0
19.3

45.8
19.5
19.2

44.5
18.3
19.1

44.0
18.3
18.7

40.8
15.4
18.4

43.5
16.9
19.2

44.0
16.9
19.7

46.6
19.4
19.8

46.3
19.1
19.7

do
do _
do
do ._

147.1
27.5
77.7
11.1

151.8
28.1
79.5
11.7

155.2
28.6
81.1
11.9

144. 7
26.5
77.2
10.8

147.0
27.8
77.8
11.1

147.7
27.7
77.4
11.3

148.9
27.8
78.3
11.3

150.0
28.1
78.5
11.5

152.6
28.3
79.9
11.6

152.5
28.4
79.5
11.7

152.3
27.8
80.2
11.9

153.5
28.1
80.3
11.9

153.9
28.0
80.6
11.7

156. 2
29.0
81.5
11.9

157. 2
29.2
82.1
12.1

159.9
29.8
83.7
12.1

do
do
do
do

122.8
18.1
39.6
10.0

131.9
19.6
41.8
10.7

139.1
20.6
43.9
11.1

119.0
17.5
39.0
9.4

121.5
17.9
39.4
9.7

124.0
18.2
39.9
10.2

126.8
18.8
40.3
10.5

128.9
19.2
40.9
10.6

131.5
19.6
41.7
10.6

132.8
19.7
42.2
10.6

134.2
20.0
42.6
10.7

136.2
20.2
43.1
10.9

138.0
20.6
43.6
10.9

139.9
20.7
44.1
11.1

142.3
21.0
44.8
11.4

144.1
21.3
45.2
11.5

Nondurable goods, total ©
Clothing and shoes ...
Food and alcoholic beverages
Gasoline and oil
__
Services, total ©
Household operation _
Housing
Transportation

_.

Gross private domestic in vestment, total
New construction
Residential nonfarm, .
Producers' durable equipment
Change in business inventories _
Nonfarm__
__
_ _
Net exports of goods and services
Exports
Imports

do

72.7

72.4

69.3

69.8

79.0

'68.8

73.2

79.1

73.5

70.3

66.5

60.1

67.6

72.4

76.6

75.9

do
do
do..
do
do -

40.2
22.3
25.9
6.6
6.5

40.7
21.1
27.6
4.1
3.7

41.6
21.0
25.5
2.1
1.9

39.0
21.9
24.3
6.4
6.2

41.1
23.5
26.4
11.5
11.5

41.0
22.6
26.6
1.1
1.1

39.6
21.3
26.4
7.1
7.0

40.9
21.5
27.4
10.8
10.6

40.7
21.2
28.4
4.4
4.1

40.5
21.0
27.7
2.1
1.7

40.7
20.5
26.8
-1.1
-1.5

39.3
19.0
24.4
-3.6
-3.9

41.0
20.1
24.6
2.1
1.8

42.6
21.9
25.8
4.0
3.8

43.2
22.8
27.4
6.0
5.9

41.6
21.2
27.6
6.7
6.6

do
do
do

-.8
22.9
23.6

2.9
26.4
23.5

4.0
27.3
23.3

g
21.8
22.6

-1.7
22.1
23. 8

5
23.8
24.3

.0
23.8
23.9

1.4
25.3
23.9

2.4
26.5
24.2

2.8
26.5
23.6

4.9
27.2
22.3

5.3
27.4
22. 2

4.0
26.4
22.4

2.8
26.9
24.1

3.8
28.3
24.5

3.7
28.2
24.5

97.2
53.6
46.2
43.6

99.7
53.2
45.7
46.5

107.4
57.0
49.0
50.4

97.2
53.8
46.0
43.5

97.5
53.9
46.5
43.6

97.8
54.0
46.4
43.8

96.5
52.8
46.1
43.7

97.2
52.5
45.4
44.7

99.0
53.1
45.8
45.9

100.8
53.6
45.7
47.2

101.4
53.6
45.8
47.8

104.8
55.4
47.7
49.4

106.0
56.6
49.0
49.4

106.9
56.5
48.4
50.4

112.1
59. 5
50.8
52.6

115.2
61.9
53.0
53.3

' 499. 4 * 516.6
254.1
257.2
95.0
94.0
159.2
163.3
188.6
200.7
58.6
56.7

f 465. 5
239.0
88.8
150.2
170.4
56. 2

r 476. 3
244.3
92.4
152.0
173.9
58.1

r 481. 5

481. 4
245.7
91.9
153.8
181. 3
54.4

"•490.8
251.3
94.0
157.3
183.8
55.8

r 500. 4

' 501. 5 ' 504. 4
254. 9
254. 1
94.2
94.8
160.0
160. 1
193.1
189.9
56.8
57. 2

' 504. 4
251.6
90.2
161.4
195.9
56.8

' 511. 0
254.4
92.6
161.8
199. 0
57.5

' 518. 3 ' 532. 6
257. 8
265. 0
94.3
98.8
163. 5
166. 3
201.3
206. 6
59.2
61.0

' 538. 3
268. 2
99.9
168.4
211.1
59. 0

Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do
National defense 9 _
do
State and local. _
_ do By major type of product:*f
Final sales, total
Goods output, total.,
Durable goods
Nondurable goods
Services
Construction

do
do
. do...
do
do
do

r 476. 1

244.0
91.5
152.5
175.8
56.3

247.0
93.1
153. 9
177.6
56.9

r

256. 2
96.9
159.3
187.7
56.4

r
r
r
Inventorv change, total
do
6.4
'6.6
'7.1
"•4.1
2.1
11. 5
'4.4
'2.1 ' -1.1 ' -3. 6 '2. 1
'1.1
'6.0
••10.8
'4.0
'6.7
9. 3
Durable goods
_
„
do
5.1
3 5
.0
8.1
-2.0
2.6
-3.3
1.0
-5.5
2.8
8.6
3.4
3.5
-1.3
3.5
Nondurable goods
_ do
4.5
1.4
3.1
2.1
3.5
3.1 '
1.8
2.2
2.2
1.6
3.4
1.1
1.9
2.5
.6
3.1
r
Revised.
f Revised series. Estimates of nati onal income and product and per sonal
eludes d ata not s 10 wn sop arately.
9Go\ eminent sales are not dediicted. *For qu arterly
income have been revised back to 1959; revisions prior to May 1961 for i>ersonal income a]jpear
data bac k to 194'r, see p. I 5 of this issue of Jie SUR\ EY.
on p. 13 of tiiis issue of the SURVEY.
cf Includes in ventory valuatiori adjustnlent.
©In-




55-1

SURVEY OF CURRENT BUSINESS

S-2
1359

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1

1959

1960 I 1961

Annual total

III

July 19G2

1960
IV

I

1961

III

11

IV

I

II

1962
IV

III

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product total'''
bil. $

' 428. 6 ' 440. 2 r 447. 9 ' 427. 6 ' 431. 1 ' 440. 9 ' 442. 3 ' 439. 7 ' 437. 7 ' 433. 9 ' 443. 9 ' 450. 4 ' 463. 4 ' 467. 4
288.9

Durable goods
Nondurable goods
Services

do
do _ _
do

298.3

304.3

291.0

291.9

295. 6

299. 7

299. 1

298. 8

298.2

302. 5

306.0

310.6

313.9

41.0
138.7
109.2

Personal consumption expenditures, total do

42.2
141.4
114.7

41.6
143. 3
119.4

42.0
139.3
109.8

40.8
139. 8
111.3

42.4
140.6
112.6

43.0
142.3
114. 5

41.8
141.9
115. 4

41.8
140.7
116.3

39.0
141.5
117.7

41.3
142.3
118.8

41.7
144.4
120.0

44.4
144.9
121 4

44.1
147. 0
122 8

do

61.7

60.7

57.8

58.0

62. 0

66.7

61.5

58.6

55.8

50.0

56.5

60.4

64.1

63 3

do
do
do

34.4
21.4
5.9

34.3
22 7
3.7

34.8
21.1
2.0

34.9
21.8
1.3

33.6
21.8
6.6

34.6
22. 6
9.6

34.2
23.3
4.0

34.0
22. 7
1.9

34.3
22.2
-.7

33.0
20.1
-3.0

34.3
20.2
2.0

35.6
21 3
3 5

36.1
5.4

34 6
2'? 8
5 9

do _.

—9 1

1.5

1.8

2

1.0

1.5

3.3

3.5

1.7

7

1.4

13

Government purchases of goods and services, total
bil. $Federal
do
State and local
__do_ -

80.1
43.9
36.2

79.8
42.3
37.4

84.0
44.5
39.4

78.4
42.0
36.4

80.0
42.9
37.1

80.5
42.7
37.8

79.9
41.8
38.1

82.2
42.9
39.2

83.3
44.4
38.9

83.3
44 1
39.2

87.2
46.7
40.5

88.9
48 3
40.6

Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
Net exports of goods and services

-2.0
80.6
44.3
36.3

-1.1
78.3
42.4
35.9

99 7

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
' 383. 9 r 400. 8 '416.4 r 385. 5 ' 390. 2 ' 395. 4 '401.4 ' 403. 1 ' 403. 7 ' 405. 4 ' 413. 5 '419 4 ' 427. 3 ' 432 0
Personal income, total
_
_
bil. $
r
r
52. 8
'51.4
' 46. 8 ' 48. 3 '51.4
' 50. 9 '51.0
' 52. 5 ' 53. 0 ' 54. 6 ' 56. 4
51.9
Less: Personal tax and nontax payments
do_ _ _ r '46.8 r '51.4
337. 1
349. 4 ' 363. 6 ' 338. 8 ' 341.9 ' 344. 0 ' 349. 6 ' 351. 7 ' 352. 7 ' 354. 3 '361.0 '366 3 ' 372. 6 ' 375 6
Equals' Disposable personal income
do
' 23. 6 '20.9

Personal saving §
_
_ _ _ _ _ _do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil $

25. 6

'22.1

'23.1

'20.1

'19.7

' 22. 0 '22.2

' 23. 8 ' 25. 5 '26 3

'26.5

' 25.4

2

8.14

8.92

8.59

8.32

8.99

7.89

9.28

8.98

9.53

7.57

8.61

8.65

9.54

8.02

i 9.48

3.62
1.80
1.82

3.42
1.57
1.85

3.02
1.44
1.58

3.57
1.74
1.83

3.09
1.55
1.54

3.76
1.88
1.88

3.62
1.80
1.81

4.01
1.95
2.06

3.00
1.41
1.59

3.46
1.58
1.88

3.34
1.50
1.84

3.88
1.79
2.09

3.14
1.44
1.69

3.76
1.79
1.97

3 66
1. 75
1 91

.25
.26
.48
1.42
2.89

.24
. 17
.46
1.38
2.92

.26
.28
.54
1.48
2.74

27
.22
.55
1.51
2.87

.22
.25
.47
1.18
2.69

.27
.29
.55
1.42
2.99

.25
.24
.47
1.50
2.90

.24
.25
.46
1.58
2.99

.21
.17
.41
1.09
2.69

.26
.18
.48
1.39
2.85

.25
.16
.47
1.50
2.94

.26
.16
.50
1.54
3.20

.26
.16
.47
1.06
2.94

.27
.26
.55
1.34
3.30

.27
.20
44
1.52
3 36

Manufacturing
Durable goods industries
Nondurable goods industries

do
do ___
do

3.02
1.44
1.57

Mining
Railroads
_
Transportation other than rail
Public utilities
Commercial and other

do
do
do
do
do

. 25
.23
.51
1.42
2.72

S<eas. adj. qtrly. totals at annual rates:
All industries

r

9 45

Nondurable goods industries

do

33.35

33.58

35.15

36.30

35.90

35.50

33.85

33.50

34. 70

35.40

35. 70

i 36. 95

237 70

do

Manufacturing

12.25
5.83
6.42

12.87
6.16
6.71

14.10
7.15
6.95

14.70
7.40
7.30

14.65
7.35
7.30

14.40
6.85
7.55

13 75
6.50
7 25

13.50
6.20
7.30

13.65
6. 10
7.55

14 00
6.40
7 60

14 20
6 55
7 60

14 70
7.05
7 65

14 80
7 10
7 70

1.01
1.28
2 17
5.58
11.06

1.04
.85
2 15
5.48
11.19

1.00
1.00
2 00
5. 75
11.35

1.05
1.10
2 15
5.70
11.60

1.00
1.00
1 90
5.60
11.75

.90
1.00
1 80
5. 70
11.65

.95
.70
1 75
5 35
11.30

1.00
.70
1 80
5. 50
11.05

1.00
.65
1 90
5.65
11. 85

1 00
.60
1 95
5 55
12.35

1 15
.70
2 05
5 15
12 45

1 05
.95
2 10
5 35
12.85

1 05
85
1 80
5 70
13 50

do

Mining
Railroads

do
do

Public utilities

do

BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad-

3

4, 583

3 4, 658

3 4, 713

4, 655

4,670

4,690

4,710

4 720

4,730

4,740

4, 750

4,760

4, 770

4, 780

U.S. BALANCE OF INTERNATIONAL
PAYMENTS!
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
__ __mil. $__ 29, 548

31,317

31, 805

7,570

7, 541

7, 549

7,690

8,000

8,078

7,690

7,411

8,082

8, 622

8,389

Imports:
Merchandise
Military expenditures-.
Other services
_
Remittances and pensions
Govt. grants and capital outflows

15,310
do
3, 107
do
4, 925
do
791
do
do _ _ 3, 040

14, 723
3,048
5, 417
842
3,405

14,514
2,947
5, 462
878
4,051

3, 976
776
1, 259
218
779

3, 862
754
1,300
196
741

3, 801
771
1, 347
204
70S

3. 836
758
1, 375
205
833

3, 664
797
1,368
211
826

3,422
722
1, 327
222
978

3.369
770
1, 309
221
962

3,417
756
1,337
221
804

3,840
699
1,388
216
1,094

3,888
722
1, 428
220
1,191

3, 914
755
1, 376
218
1,075

U.S. private capital
Direct investments _ _
Long-term portfolio
Short-term
__

do
do
do
do

2,375
1, 372
926

3,882
1, 694
850
1,338

3, 953
1,475
1,006
1, 472

502
322
246
-6

688
364
202
122

658
324
236
98

683
271
209
203

1,134
415
170
549

1,407
684
235
488

1,059
457
120
482

876
269
218
389

845
429
194
222

1, 173
320
474
379

1, 051
331
345
375

25, 393

27, 984

29, 946

6, 484

6,715

6, 865

7,055

7,002

7, 062

7, 400

7,953

6,979

7,614

7,696

16, 282
do
_ do _ _ 7, 194
1,054
-do
863
do

19, 459
7, 554
636
335

19, 915
8, 151
1, 274
606

4, 297
1, 80S
150
220

4,195
1, 901
430
1S9

4, 657
1,827
170
211

4, 876
1. 909
147
123

4,940
1,843
172
47

4,986
1, 975
147
-46

5,061
2,008
133
198

4,768
2, 060
851
274

4,940
1, 951
81
7

5, 146
2,132
209
127

5 068
2, 183
165
4 2*0

-826

-084

-035

—998 -1,016

18

— 117

__

U.S. receipts, recorded
Exports:
Merchandise
Services and military sales
__
Repayments on U.S. Govt. loans __
Foreign capital other than liquid funds

do _ _

Excess of recorded receipts or payments (— ) _ _ _ d o
Unrecorded transactions
Total net receipts (~|~) or payments ( — )
Major special transactions

do
do
do

-4, 155 -3, 333 -1,859 -1,086
412

—592

—602

37

230

—3 743 —3 925 —2 461 — 1 123

596

335

-524

129

285

-4, 078 -3,401 -2, 590 -1,123
Total, excluding special transactions
do
-881
r
R \ i ed
"Pichmindn.
1 L
1 t i m i U s f ) f \pr / u n c 1%2 1) se 1 on n i t , ip it( d c ipit il exp
i
2
f stri itt lor Tuh-Sept i ' o 2 b i s u l e n uit.cip t( d c pit J <.\p nd IUK of '»us n ^s
\h n 'u ti t > , 7 lf>,
A n t i c i i i U d e\puif 1 tun f )i Hi M a l c uJ to o i , i ^ \ s (
rranui <.Un ins", to il, 1174, dm ibk < oous i n d u c t its 701,
it)k u i •> in i i ^,
5 51, c n A i LA i n d aud
7.70, mn i <_., 1 06, i iilio uls 84, tt mspoit it on, 1 88, puLl c

othei, 13 12
frr !->•
s Ln ulmsted Ddti it present firms in opi.rit.on is of J in 1, estun



-290

263

29

1 192
SO

194

1 279

—319

—444

542 -1, 103 -1,008
— 366

193

-693

4QO

176

—910 — 1 408

724

—520

—476

v\ f.
-1,1<>2
— 702
- C 4S
-319
-S35
-476
-8SS
(based on incompk to d it • ) is 4,752,'KH).
* Includes changes in nouliquicl Govt. liabilities.
T M'e c < u r C M ondm« note on p. S-l (ICU-IOLS prior to 3d qtr. 1959 appear on pp. 8 If. of
this i^ut ot t'"> M i!\ M j
§ IV: onal bdwns i- excess of disposable income over personal consumption expenditures
shov. n as a conn, /in lit of oross national product on p. S-l.
I I \ e \ ' ^ d eikvtue w i c h the Juiii1 19 >2 Si UVEY; revisions prior to 3d qtr. 1959 will be
a\dildbk lattr.

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