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GROSS NATIONAL PRODUCT, NATIONAL [Millions of dollars] I I Line 1 2 TABLE 1.— GROSS NATIONAL PRODUCT (1-1,1-3) Durable goods Nondurable goods Services 6 Gross private domestic investment, New construction 8 9 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 I960 1961 1902 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, 704 502, 601 518, 173 554, 894 Gross national product Persona! consumption expenditures _ 3 4 5 1947 Residential nonfarm Other _ _ 1(55, 408 178, 313 181, 158 195, 013 209, 805 219, 774 232, 649 238, 025 256, 940 269,917 285, 164 293, 198 313, 538 328, 232 336, 828 355, 360 30. 351 29, 471 29, 099 32, 875 32. 398 39, 632 38. 545 40, 355 37, 286 43, 598 44, 905 43, 645 48, 236 99, 801 110, 135 115, 100 117,961 119,328 124. 762 131, 422 137, 728 141,617 147, 111 151,818 155. 144 161,406 64, 861 70, 199 75, 575 81, 813 86, 299 92, 546 99, 950 107, 081 114, 295 122, 829 131,509 138, 039 145, 718 20 593 93, 382 51,434 2? 723 98, 737 56, 853 24, 584 96, 607 59, 967 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 71,757 68, 986 78, 787 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, 583 44, 409 7 535 7,719 10, 1°2 9, 332 9.642 9, 171 14, 100 10,115 12, 529 12, 2S2 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 23. 220 21, 189 18, 925 22, 305 28, 497 10 Producers' durable equipment 10, 667 17, 236 18, 940 21, 290 21, 264 20, 789 23,119 27, 194 23, 109 25, 936 27, 561 25, 517 28, 830 11 Change in business inventories -462 4, 708 -3,072 6, 815 10, 233 3, 067 447 -1,839 5,783 4, 660 1,563 -1,951 6,558 3,488 1, 886 5, 548 1 298 — 1 760 2, 976 -2, 209 -863 1 73? 6,000 815 9, 057 1, 176 2, 146 921 1, 068 -2, 129 490 -621 o, 486 297 5,075 -415 801 -2, 864 762 913 6,466 92 3,159 329 1. 545 341 4, 854 694 N OP far in Farm 12 13 14 9, 039 3,490 3, 760 587 2,376 1,318 -434 961 1,094 2, 930 4, 944 19249 -759 2,996 4, 450 3,770 17, 900 8,861 14, 505 11,015 13, 958 10, 198 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, 327 23, 331 27. 509 23, 059 28, 886 25, 116 Government purchases of goods and services- 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 99,616 107, 909 116,977 15, 650 19, 306 22, 241 1.9, 348 38, 768 52, 854 57, 904 47, 548 45, 282 45, 730 49, 711 52, 620 53, 644 53, 131 57, 358 62, 416 1 1, 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, 687 8,024 580 49, 003 8,944 589 53, 298 9,962 844 12, 732 15,230 17, 918 19, 681 21. 092 23, 190 24, 866 27, 706 30,' 310 33, 237 36, 825 40, 838 43, 555 46, 485 50, 551 54, 561 Net exports of goods and services Exports.. Imports 15 16 17 18 Federal 19 20 21 ._„ ._ _. __ _ , National defense Other.. Less; Government sales 22 State and local __ TABLE 2.— NATIONAL INCOME (1-8, 1-9) 1 National income 2 Compensation of emplovees Wages and salaries Private Military Government civilian.. 3 4 5 6 198, 177 223,487 217, 690 241, 876 279, 313 292, 155 305, 573 391, 794 330, 206 350, 836 366, 943 367, 384 400, 481 414, 497 426, 062 453, 695 128, 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, 648 302, 086 322, 878 122, 858 135,214 134,310 146, 391 170,788 184,835 198, 030 196,259 210, 902 227, 634 238. 548 239, 803 258, 459 271, 308 278 8^1 297, 133 105, 512 116,443 113, 809 124, 1 21 141, 928 151,870 164, 157 161. 867 174, 927 189, 593 198, 379 196, 556 213, 146 222, 942 226, 991 241,573 9,951 9, 767 9, 644 9,663 8, 684 10,472 10,337 4, 248 9,894 10, 185 10, 823 9. 778 4, 999 9,873 4, 067 3, 970 13, 279 14, 801 16, 253 17, 271 20, 176 22, 493 23, 536 24, 441 26, 197 28, 378 30, 525 33, 480 35, 440 38, 472 41, 645 44, 737 5,899 5, 755 Supplements to wages and salaries 3,565 3, 042 Employer contributions for social insurance. 2, 334 2,713 Other labor income Employer contributions to pri1, 810 1, 555 vate pension and welfare funds. 903 779 Other 35, 492 40, 194 Proprietors" Income Business and professional 19. 948 22, 405 Income of unincorporated enter- 21, 419 22, 815 prises. Inventory valuation adjustment -410 -1,471 Farm 15,544 17,789 7,297 6,510 Rental income of persons Corporate profits and inventory valuation 23, 626 30, 848 adjustment. 29, 525 33, 000 Profits before tax Profits tax liability 11,283 12, 483 18, 242 20, 517 Profits after tax 6,521 Dividends 7, 243 Undistributed profits 11, 721 13, 274 Inventory valuation adjustment -5. 899 -2, 152 Net interest 4,179 3, 792 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 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, 340 11,346 23, 265 11,894 25, 745 13, 685 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, 994 8,629 11,371 8,946 12, 060 9,473 997 35, 583 22, 657 22, 194 1,080 37, 541 23, 541 24, 635 1, 204 42, 329 25, 995 26, 322 1,297 42, 233 20. 896 26, 695 1, 396 40, 723 27, 445 27, 613 1, 475 40,442 27, 751 27, 800 1,613 42, 149 30, 382 30, 580 1, 829 43, 715 32. 098 32, 600 1, 977 44, 457 32, 677 32, 977 2,090 46, 052 32, 504 32, 560 2,234 46, 475 35, 104 35, 244 2, 365 46,236 34, 202 34, 221 2, 425 48, 106 35, 293 35, 260 2, 587 49,808 36,511 36, 494 463 -1,094 12, 926 14, 000 8, 274 9, 013 28,226 35, 663 -327 16, 334 9, 431 40, 954 201 15, 337 10, 154 37, 672 -168 13, 278 10, 528 37,314 -49 12, 691 10, 869 33, 743 -198 11,767 10, 698 43, 126 -502 11,617 10,913 41, 990 -300 11, 780 11,891 41, 669 -56 13, 548 12, 208 37, 155 -140 11,371 11,902 47, 192 -19 12, 034 12, 110 44, 453 33 17 12, 813 13, 297 12, 075 11,976 43, 768 146,997 26, 370 40, 628 42, 153 10, 375 17, 865 22, 447 15, 995 22, 763 19, 706 9,029 7, 473 9,208 8,522 13, 555 10, 677 1, 856 -4, 965 -1,199 6,272 4,773 5,469 36, 691 19, 459 17, 232 8,954 8,278 981 7, 084 38,311 20, 222 18, 089 9,225 8,864 -997 8,196 34, 061 44, 862 44, 683 43, 208 17, 220 21, 827 21, 227 20, 922 16, 841 23, 035 23, 456 22, 286 9,839 11,215 12, 132 12, 588 9,698 7,002 11,820 11, 324 -318 -1,736 -2, 693 — 1,539 9,145 10, 381 11,716 13, 427 37, 410 18, 646 18, 764 12, 358 6,406 -255 14, 827 47, 657 23, 188 24, 469 13, 682 10, 787 -465 16, 384 44, 261 22, 252 22, 009 14, 523 7,486 192 18, 050 43, 784 22, 014 21, 770 15, 266 6,504 -16 20, 027 46, 814 22, 169 24, 645 16, 563 8,082 183 22, 036 TABLE 3.—RELATION OF GNP NATIONAL INCOME AND PERSONAL INCOME (1-17, 1-18) 1 2 8 4 fi R 7 8 9 10 11 12 13 14 TS 1fi Gross national product Less: Capital consumption allowances Equals: Net national product Less: Indirect business tax and nontax liability. Business transfer payments Statistical discrepancy Plus: Subsidies minus current surplus of government enterprises. Equals: National income LevSs: Corporate profits and inventory valuation adjustment. Contributions for social insurance Excess of wage accruals over disbursements. Plus: Government transfer payments to persons. Net interest paid by government Dividends Business transfer payments . __ Equals: Personal income 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, 704 502, 601 518, 173 554, 894 13, 030 15, 471 17, 274 19, 065 21, 970 24, 007 26, 526 28, 809 31, 986 34, 412 37, 443 38, 605 40, 962 42, 993 44, 343 49, 373 221, 259 243, 955 240, 780 265, 534 307, 005 322, 992 338, 859 334, 303 365, 483 384, 768 405, 326 405, 941 441, 742 459, 608 473 830 505 521 18, 641 20, 405 21, 637 23, 747 25, 647 28, 140 30, 203 30, 151 32, 865 35, 692 38, 186 39, 322 42, 601 46, 421 49, 097 53, 035 674 3 541 -226 739 510 843 — 734 985 1 247 1, 169 1 374 1, 369 1 283 1, 262 — 847 -171 -162 781 198 187 -154 -431 -243 853 1, 457 1,616 988 —2, 428 33 948 1,790 1,831 2,052 2,231 2 265 2 303 — 601 — 1 461 —2 962 —3 021 — 1 903 — 1 796 992 1,135 520 1,691 430 1,716 198, 177 223, 487 217, 690 241,876 279, 313 292, 155 305, 573 301, 794 330, 206 350, 836 366, 943 367, 384 400, 481 414, 497 426, 062 453, 695 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 44, 453 43, 768 46, 997 5.683 15 5,220 35 5, 737 -46 6,870 24 8,170 74 8,614 -22 8,728 -76 9,695 0 10, 995 0 12, 586 0 14, 522 0 14, 835 0 17, 574 0 20, 571 0 21, 439 0 23, 900 0 11, 113 10, 542 11, 622 14, 304 11, 590 12, 041 12,887 14, 961 16, 050 17, 190 20, 089 24, 501 25, 412 27, 287 31, 325 32, 468 5,389 4,794 6,204 4,670 4,973 5,171 6,407 5,745 6,175 4,420 4,527 5,016 7,761 7,994 7,075 7,666 7,473 9,029 8,954 9,839 11,215 12, 132 12, 588 12, 358 13, 682 14, 523 15 266 16 563 6 521 7 243 9,208 9,225 1,369 1,457 781 843 985 1, 169 1,262 1,616 1,790 1,831 2,052 674 739 2,231 2,265 2,303 191, 581 210, 435 208, 319 228, 468 256, 692 273, 071 288, 259 289, 825 310, 196 332, 943 351, 423 360, 259 383, 936 401, 275 417, 377 442, 126 1. The figures for 1962 reflect the new depreciation guidelines issued by the Treasury Department July 11,1962, and the investment tax credit provided in the Revenue Act of 1962. 12 INCOME, AND PERSONAL INCOME, 1947-62 [Billions of dollars, seasonally adjusted at annual rates" Line 1 2 3 4 5 6 7 8 9 19 59 TABLE 1.— GROSS NATIONAL PRODUCT (1-1,1-3)— Con. Gross national product. I __ Persona I consumption expend! tures__ Durable goods Nondurable goods Services _ _ Gross private domestic investment New construction Residential nonfarm Other... II 19 61 19 80 III IV I II III IV 1962 [ II III IV I II III IV 472.0 487. 8 482.7 488. 5 500.4 504.1 503. 5 502. 1 500. 4 512.5 521.9 537. 8 544.5 552.4 556. 8 565 2 305.7 313.0 316.7 318.8 324. 2 329.7 328. 7 330. 3 330.7 334.9 337.9 343.8 348.8 352.9 356.7 362. 9 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 5 149 9 128.7 45 7 153 0 131.0 44 6 152 0 132. 2 43 9 152.3 134.2 41 2 153 9 135.6 43 1 154 5 137.3 43 9 155 3 138.8 46 4 156 9 140.5 47 3 158 9 142.6 47 5 160 6 144.8 47 7 162 5 146 6 50 5 163 6 148.9 78 8 69.8 79.0 68.8 73.2 77.6 73 3 70.9 65.3 59 6 66 6 72 0 77 6 77.3 79 6 78 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 41 7 44 5 46 0 45 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 20.2 19 0 20.3 20 1 20 8 21 9 20.7 22 8 20.4 21 2 20.5 23 3 21.2 24 2 21.7 23 7 21.2 29.9 10 Producers' durable equipment 24.3 26.4 26.6 26.4 27.4 28.4 27. 7 26.8 24.6 24.5 25.8 27.1 27.4 28.7 29.3 11 Change in business inventories 6 4 11 5 11 71 9 3 4 2 2 7 —2 3 —4 3 11 35 7 2 81 6 5 36 4 0 6.2 .2 11.5 .1 11 .0 7 0 .1 91 .2 39 .3 2 3 .4 —2 7 .4 — 4.6 .3 8 .3 3 2 .4 6 9 .4 7.6 .5 5 8 2.8 .8 32 .8 -.5 .0 1.5 2.3 3.3 4.9 5.4 4.3 4.1 4.0 3.3 4.4 4.1 3.3 23 8 24 3 23 8 23 9 25 2 23 7 26 3 24 0 26 7 23 4 27 0 22 1 27 5 22 1 26 5 22 9 27 8 93 7 28 3 24 2 27 9 24 6 29 5 25 0 29 4 25 3 28 8 25 5 12 13 14 15 16 Nonfarm Farm , Net exports of goods and services __ Exports Imports -.8 -1.7 ,7 21 8 22 6 22 1 23 8 17 Government purchases of goods and services- 97.2 97.5 97.8 96.5 97.2 98.9 100. 5 101. 6 104.7 106.8 107. 9 112.3 115.1 115.5 117.0 120.2 18 53.8 53.9 54.0 52.8 52.4 52.9 53.5 53. 7 55.4 57.1 57.1 59.8 61.8 61.9 62. 4 63.6 46.0 8.2 5 4f>. 5 80 5 46.4 80 4 46. 1 7.2 5 45.4 7 6 5 45.6 7 9 5 45.9 8 3 G 45.9 8.4 6 47.5 8.5 6 49.0 8 7 6 48.6 9 1 6 50.9 9.5 6 52.5 9.9 52. 9 9 8 8 53. 5 9 7 8 54.3 10 4 11 43.5 43.6 43.8 43.7 44,7 46.0 47.0 48.0 49. 3 49.7 50.8 52. 5 53. 3 53. 6 54. 6 56.6 19 20 21 22 Federal National defense. _ _ Other Less' Government sales State and local Table 2.—National Income (1-8, 1-9)—Con. 1 National income 391.7 405.6 400.6 403.9 413.4 416.6 415.4 412.8 411.1 423.2 429.0 441.0 444.7 452.4 455.5 2 Compensation of employees 270.9 279.8 280.2 283.0 290. 5 294.6 295.8 293.9 294.0 300.1 304.4 309.9 316.0 322.5 325.3 327.7 251 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 8 290 7 236 1 11.1 43.6 296 8 241 7 11.0 44.1 299 4 243 7 10.7 45 0 301 5 244 7 10 5 46 3 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 22.5 11.4 22.8 11.6 23.1 11.8 23.4 12.0 23.8 12.2 25.2 13.4 25.7 13.7 25 9 13.8 26 2 13.8 10 0 10 3 10 6 10 7 10 8 11 0 11 0 11 1 11.2 11 3 11 4 11 6 11.8 12 0 12 2 12 3 46.8 34 5 47.2 35 5 46.0 35 4 45.9 35 1 45.3 34 6 47.0 34 6 46.1 33 8 46.6 33 8 47.0 34 2 47.6 35 0 48.3 35 7 49.5 36 3 49.5 36 0 49.6 36 5 49.8 36 6 50.3 36 9 12 4 11.8 46.1 11 7 11.9 50.5 10 6 11.9 46.1 10 8 11.9 46.0 10 7 12.1 47.9 12 4 12.1 45.2 12 2 12.1 43.2 12 7 12.1 41.5 12 8 12.1 38.8 12 6 12.1 43.6 12 6 12.1 44.0 13 2 12.0 48.6 13.5 12.0 146.1 13.1 12.0 146.5 13 2 12.0 i 46. 1 13 4 12.0 149.3 46 9 22.8 24 1 13 1 11 0 — 8 16.0 51 9 25 2 26 6 13.4 13 3 —1 3 16.2 46 5 22.6 23 9 14. 1 9 8 48 5 24.4 24 1 14.4 9 7 — 6 17.6 45 4 22.8 22 6 14.4 8 2 o 21 6 15 1 6 5 2 44 3 22 3 22 0 15.2 6 8 — 3 19.8 20.3 48 9 24.6 24 3 15.8 8 5 — 3 21.0 45.9 21.7 24.2 16.2 80 .1 21.2 46 7 22.1 24 6 16.4 8 2 —.2 21.7 46 2 21.9 24 3 16.5 7 8 — 1 18.8 38 5 19.4 19 2 15.0 4 2 3 19.1 43 4 17.7 42 1 21 2 20 9 14 6 6 4 12 18.2 41 20 20 14 5 16.4 45 3 22.0 23 3 14.2 9 0 7 17.0 22.3 48 4 22.9 25 5 17.1 8 4 9 23.0 472.0 39 8 432.2 41.4 487.8 40.7 447.1 42.0 482.7 41.3 441. 3 43.1 488.5 42.1 446.4 43.9 500.4 42.6 457.8 45. 6 504.1 43.0 461.2 46.6 503. 5 43. 1 460. 4 46.5 502.1 43.3 458.8 46.9 500. 4 43.5 457. 0 47.1 512.5 44. 1 468.4 48.4 521. 9 44.5 477.3 49.7 537.8 45.3 492.4 51.2 544.5 48.5 495.9 52.0 552.4 49.2 503.3 52. 7 556.8 49.7 507.1 53.3 565. 2 50. 1 515. 1 54.1 2.0 —2 3 .5 2.0 —2.2 .2 2.1 -3.9 .5 2.1 -3.1 .4 2.2 -2.9 .5 2.2 -3.9 .4 2.2 —3.2 .5 2 2 — 2.5 .7 2.3 -2.8 2.3 -3.2 2.2 2.3 -1.8 1.9 2.3 .0 2.1 2.3 -.9 2.2 2.3 -2.5 1.7 2.3 —2.6 1.4 2.3 -1.9 1.6 391.7 46.1 405.6 50.5 400.6 46.1 403. 9 46.0 413. 4 47.9 416. 6 45.2 415. 4 43.2 412.8 41.5 411.1 38.8 423.2 43.6 429.0 44.0 441.0 48.6 444.7 46.1 452.4 46.5 455.5 46.1 462. 2 49.3 17.1 .0 17.6 .0 17.7 .0 17.8 .0 20.3 .0 20.6 .0 20. 8 .0 20.7 .0 20.9 .0 21.3 .0 21.6 .0 21.9 .0 23.5 .0 23.9 .0 24.0 .0 24.2 .0 24.9 25.1 25.2 26.4 26.3 26.8 27.5 28.9 30. 4 31.3 31.7 31.7 32.1 32.1 32.3 33.6 6.6 13.1 2.0 375.0 6.8 13.4 2.0 384.7 7.3 14.1 2.1 385.5 7.5 14.2 2.1 390.2 7.7 14.4 2.2 395. 8 7.8 14.4 2 2 402.0 7.8 14.6 2 2 403. 5 7.8 14.8 2.2 404. 3 7. 7 15.0 2.3 406. 6 7.6 15. 1 2.3 414.5 7.6 15.2 2.3 420.2 7.7 15.8 2.3 428.0 7.8 16.2 2.3 433. 5 7.9 16.4 2.3 440.7 8.1 16.5 2.3 444.5 8.2 17.1 2.3 449.9 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Wages and salaries Private Military Government civilian Supplements to wages and salaries Employer contributions for social insuranceOther labor income Employer contributions to private pension and welfare funds. Other Proprietors' income _ _ _ Business and professional Income of unincorporated enterprises. Inventory valuation adjustment Farm Rental income of persons Corporate profits and inventory valuation adjustment. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Net interest 1 6 4 8 6 462.2 TABLE 3.—RELATION OF GNP NATIONAL INCOME AND PERSONAL INCOME (1-17, 1-18)—Con. 1 2 3 4 6 7 8 9 10 11 12 13 14 15 16 Gross national product __ Less* Capital consumption allowances Equals: Net national product Less: Indirect business tax and nontax liability. Business transfer payments Statistical discrepancy Plus: Subsidies minus current surplus of government enterprises. Equals: National income Less: Corporate profits and inventory valuation adjustment. Contributions for social insurance Excess of wage accruals over disbursements. Plus: Government transfer payments to persons. Net interest paid by government Dividends _ _ Business transfer payments Equals* Personal income 13 GROSS NATIONAL PRODUCT, NATIONAL INCOME 1947 Line TABLE 4.— PERSONAL INCOME AND ITS DISPOSITION (II-l, II-2) 1948 1949 1950 1951 1952 1954 1953 1955 1956 1957 1958 1959 1960 1961 1962 [Millions of dollars] 1 Personal income _ _ _ _ _ . 191,581 210, 435 208,319 228, 468 256, 692 273, 071 288, 259 289, 825 310, 196 332, 943 351, 423 360, 259 383, 936 401, 275 417,377 442, 126 _ 2 3 4 5 6 7 122, 843 135, 179 134,356 146, 367 170,714 184, 857 198, 106 196, 259 210, 902 227, 634 238, 548 239, 803 258, 459 271,308 278, 821 297, 133 Wage and salary disbursements 54, 336 60, 257 56, 914 63, 495 74, 885 80, 547 88, 077 84, 062 91, 390 98, 724 102,217 97, 940 107, 243 110,442 110, 780 118, 503 Commodity-producing industries Manufacturing only 42, 500 46, 459 43, 860 49, 393 58, 277 62, 960 69, 881 66, 077 72, 252 77, 706 80, 644 76, 701 84, 720 87,411 87, 469 94, 174 35, 164 38, 802 39,016 41,313 45, 953 48, 749 51,797 52, 324 55, 766 60, 336 63, 403 63, 819 68, 181 71,802 72, 857 76, 634 Distributive industries Service industries _ ... _ __ 15, 997 17, 349 17,925 19, 289 21,060 22, 628 24, 283 25, 481 27, 771 30, 533 32, 759 34, 797 37, 722 40, 698 43, 354 46, 436 17, 346 18, 771 20, 501 22, 270 28,816 32, 933 33, 949 34, 392 35, 975 38, 041 40, 169 43, 247 45, 313 48, 366 51,830 55, 560 Government 8 Other labor income 2,334 2,713 3, 021 3,823 4,786 5, 316 5,994 6, 214 7,136 8,102 9,140 9,357 10, 398 10, 994 11,371 12, 060 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, 052 32, 504 13, 548 46, 475 35, 104 11,371 46, 236 34, 202 12, 034 48, 106 35. 293 12,813 49, 808 36,511 13, 297 9 10 11 Proprietors' income Business and professional Farm 12 Rental income of persons 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 12,110 12,075 11,976 13 14 Dividends Personal interest income 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, 358 21,002 13, 682 23, 459 14, 523 25,811 15,266 27, 693 16, 563 30, 030 15 16 11, 787 Transfer payments 463 Old-age and survivors insurance benefits. 775 State unemployment insurance benefits. Veterans' benefits __ 6,745 Other 3, 804 11,281 552 1.2,403 664 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, 332 8,478 27, 464 10, 175 29, 518 11,130 33, 590 12, 614 34, 771 14, 298 790 1, 730 1, 367 837 992 954 2,015 1,369 1,400 1,755 3,944 2,514 2,782 4,040 2,919 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 9,351 4, 523 10, 252 4,547 11.059 4,784 12,152 4,788 12, 766 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 9,225 9, 545 10,215 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 51,386 44, 043 7,343 52, 944 45, 138 7,806 57, 686 49. 029 8,657 17 18 19 20 Less: Personal contributions for social insurance. 21 22 23 Less: Personal tax and nontax payments Federal _ State and local. 24 Equals: Disposable personal income 25 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, 232 336, 828 355, 360 170, 113 189, 300 189, 654 207, 655 227, 481 238, 714 252, 474 256, 885 274, 448 292, 942 308, 791 317, 924 337, 145 349, 889 364, 433 384, 440 4,704 10, 987 8,496 12, 642 17, 676 18, 940 19, 825 18, 860 17, 508 23, 025 23, 627 24, 726 23, 607 21, 657 26 Equals: Personal saving 27 Addendum: Disposable personal income in 201,079 211,508 213,815 230, 984 236, 959 243, 586 255, 024 256, 885 273, 355 286, 917 293, 807 296, 295 310, 733 317, 792 328, 436 343, 587 constant (1954) dollars. TABLE 5.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS (1-2, 1-5) 27, 605 29, 080 [Billions of 1954 dollars] 1 Gross national product 282.3 293.1 292. 7 318.1 341.8 353.5 369.0 363.1 392.7 400.9 408.6 401.3 428.6 439.9 447.7 474.8 2 Personal consumption expenditures 195. 6 199.3 204. 3 216.8 218.5 224. 2 235. 1 238.0 256.0 264.3 271.2 273.2 288.9 298.1 303.6 317.6 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 35.5 133.3 104.4 41.0 138.7 109.2 42.2 141.4 114.5 41.5 143.3 118.9 45.6 147. 8 124. 3 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 60.2 57.5 65.2 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 16.1 31.8 15.3 16.5 31.1 16.2 14.8 34.4 19.5 14.9 34.4 18.2 16.2 34.7 18.2 16.6 36.7 19.8 16.8 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 Q.I 25.0 4.5 24.6 1.6 19.4 -1.5 21.4 5.9 22.7 3.1 21.0 1.7 23.8 4.8 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 .7 1.0 -2.4 .8 5.9 .0 2.9 .3 1.6 .2 4.3 .5 3.8 -.2 24.4 20.6 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 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 State and local 2.2 1.2 .9 1.0 .9 4.9 ^ 2.5 17.3 15.1 16.9 15.7 16.4 17.3 17.5 16.5 19.2 18.3 22.4 19.8 45.1 63.3 77.7 84.3 75.3 73.2 72.3 75.5 79.3 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 8.0 2.0 2.6 19 2 11.1 14.7 12.8 15. 1 12.4 14.5 14.2 37.2 42.1 47.2 19.4 17.8 22.9 19.2 21. 9 .2 TABLE 6.—IMPLICIT PRICE DEFLATORS FOR GNP (VII-2, VII-3) 1 ?, 3 4 5 6 7 8 q 10 11 i?, 13 14 15 16 21 A 21.6 -2.1 1.7 2.3 1.8 21.9 24.1 24.9 23.2 25.5 23.3 27.0 25.2 80.1 79.9 84.3 9 .2 43.9 36.2 42.3 37.6 44.8 39.5 49.0 41.2 [Index numbers, 1954=100] Gross national product 83.0 88.5 88.2 89.5 96.2 98.1 99.0 100.0 101.2 104.6 108.4 110.8 112.6 114.2 115.7 116.9 Personal consumption expenditures 84.6 89.5 88.7 89.9 96.0 98.0 99.0 100.0 100.4 102.1 105.1 107.3 108.5 110.1 111.0 111.9 88.4 88.7 76.8 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 3 107 4 114 8 105 3 108 3 116 1 105 9 109 2 117.3 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 4 115 5 121 6 119 7 115 9 123 8 121 1 117 1 125 9 76.8 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 3 121 0 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 99.2 104.3 98 2 105 5 100 5 107 7 99 2 107 1 99 7 76.4 82.0 85.1 86.5 95.5 97.8 98.3 100.0 103.3 109.2 114.6 117.9 121.4 124.7 127.9 129.7 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 5 123 8 127 9 127 9 127 4 132 3 Durable goods Nondurable goods Services , Gross private domestic investment New construction Residential nonfarm Other _ Producers' durable equipment Change in business inventories _ _ Net exports of goods and services Exports Imports Government purchases of goods and servicesFederal State and local 17 http://fraser.stlouisfed.org/ 14 Bank of St. Louis Federal Reserve AND PERSONAL INCOME, 1947-62—Continued Line TABLE 4.— PERSONAL INCOME AND ITS DISPOSITION, (II-l, II-2)— Con. 1959 I II 1961 1960 III IV I II III IV I II 1962 III IV I II III IV [Billions of dollars, seasonally adjusted at annual rates] 1 Personal income 375.0 384.7 385.5 390.2 395.8 402.0 403.5 404.3 406.6 414.5 420.2 428.0 433.5 440.7 444.5 449.9 251.6 104.7 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 46.9 272.2 111.6 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 51.2 281.0 111.7 88.2 73.4 43.8 52.2 286.1 114.3 90.7 73.9 44.3 53.6 290.7 115.8 92.1 75.1 45.2 54.6 296.8 119.2 94.8 76.4 46.2 55.1 299.4 119.5 95.0 77.3 47.0 55.7 301.5 119.6 94.8 77.8 47.3 56.8 12.0 12.2 12.3 49.6 36.5 13.1 49.8 36.6 13.2 50.3 36.9 13.4 12.0 12.0 12.0 16.4 29.7 16.5 30.3 17.1 31.1 34.4 - 34.4 13.6 * 14.3 34.6 14.5 35.9 14.8 3.3 2.7 2.7 3.2 12.1 12.7 12.6 12.8 13.0 9.8 10.1 10.2 10.3 10.3 53.0 45.1 54.9 47.0 56.2 47.7 8.5 57.9 49.3 8.6 58.1 49.4 8.7 58.5 49.7 8.8 2 3 4 5 6 7 Wage and salary disbursements Commodity-producing industries Manufacturing only Distributive industries Service industries Government-. 8 Other labor income 10.0 10.3 10.6 10.7 10.8 11.0 11.0 11.1 11.2 11.3 11.4 11.6 11.8 Proprietors' income Business and professional Farm 46.8 34.5 12.4 47.2 35.5 11.7 46.0 35.4 10.6 45.9 35.1 10.8 45.3 34.6 10.7 47.0 34.6 12.4 46.1 33.8 12.2 46.6 33.8 12.7 47.0 34.2 12.8 47.6 35.0 12.6 48.3 35.7 12.6 49.5 36.3 13.2 49.5 36.0 13.5 12 Rental income of persons 11.8 11.9 11.9 11.9 12.1 12.1 12.1 12.1 12.1 12.1 12.1 12.0 12.0 13 14 Dividends Personal interest income 13.1 22.6 13.4 23.0 14.1 23.7 14.2 24.5 14.4 25.2 14.4 25.5 14.6 26.0 14.8 26.5 15.0 26.8 15.1 27.4 15.2 27.9 15.8 28.7 16.2 29.0 15 16 Transfer payments. _ _ Old-age and survivors insurance benefits. State unemployment insurance benefits. 26.8 9.5 27.1 10.3 27.3 10.4 28.5 10.5 28.6 10.7 29.1 11.2 29.7 11.3 31.1 11.4 32.6 11.8 33.5 12.5 33.9 12.8 34.0 13.4 2.9 2.2 2.1 2.8 2.4 2.4 2.9 3.8 3.8 4.4 3.9 3.7 4.6 9.9 4.6 10.1 4.4 10.5 4.5 10.6 4.6 10.9 4.5 11.0 4.5 11.1 4.6 11.3 4.7 12.3 4.9 11.7 12.5 7.8 7.9 8.0 8.0 9.1 9.2 9.3 9.3 9.3 9.5 9.6 45.4 39.2 6.3 46.7 40.3 6.4 46.8 40.3 6.5 48.3 41.7 6.6 51.5 44.3 51.8 44.5 51.3 44.0 50.9 43.5 51.3 43.7 52.5 44.8 9 10 11 17 18 19 20 Other... Less: Personal contributions for social insurance. 21 22 23 Less: Personal tax and nontax payments Federal State and local _ 24 Equals: Disposable personal income 329.6 338.0 338.8 341.9 344.3 350.3 352.2 353.4 355.3 362.0 367.2 373.1 377.3 382.7 386.5 391.4 25 Less: Personal consumption expenditures .. 305.7 313.0 316.7 318.8 324.2 329.7 328.7 330.3 330.7 334.9 337.9 343.8 348.8 352.9 356.7 362.9 26 Equals: Personal savings 23.9 25.1 22.1 23.1 20.1 20.6 23.4 23.0 24.5 27.1 29.2 29.3 28.5 29.8 29.7 28.5 27 Addendum: Disposable personal income in constant (1954) dollars. 305.8 312.1 311.4 313.1 314.2 318.3 319.9 319.4 320.6 326.6 330.8 335.5 338.6 342.6 345.1 348.2 _ TABLE 5.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS (1-2, 1-5)— Con. [Billions of 1954 dollars] 1 Gross national product 421.7 434.0 427.6 431.1 439.9 442.1 440.2 437.1 434.0 443.4 450.4 463.1 467.8 474.0 475.6 481.4 2 Personal consumption expenditures 283.6 289.1 291.0 291.9 295.8 299.5 298.6 298.6 298.5 302.2 304.5 309.2 313.0 315.9 318.6 322.9 39.6 136.8 107.2 41.6 139.1 108.4 42.0 139.3 109.8 40.8 139.8 111.3 42.6 140.6 112.6 42.7 142.7 114.2 42.1 141.5 115.0 41.6 140.7 116.4 39.3 141.9 117.3 40.9 142.9 118.4 41.6 143.5 119.4 44.1 144.7 120.4 44.7 146.0 122.3 44.7 147.4 123.8 45.0 148.8 124.8 47.8 148.9 126.2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Durable goods _ Nondurable goods Services 59.5 67.2 58.0 62.0 65.3 61.6 59.4 54.5 49.7 55.6 59.9 64.7 64.4 66.0 64.8 65.2 New construction Residential nonfarm Other 33.8 19.4 14.4 35.3 20.6 14.7 34.9 19.7 15.2 33.6 18.5 15.2 34.7 18.7 16.0 34.4 18.3 16.1 34.1 18.1 16.0 34.3 17.8 16.5 33.1 16.6 16.5 34.2 17.4 16.9 35.5 18.8 16.7 36.0 19.6 16.4 34.7 18.3 16.4 36.8 19.9 16.9 37.8 20.6 17.2 36.9 20.2 16.8 Producers' durable equipment Change in business inventories 20.1 5.6 21.7 10.2 21.8 1.3 21.8 6.6 22.5 8.0 23.3 3.9 22.8 2.6 22.1 -1.9 20.2 -3.6 20.2 1.2 21.3 3.1 22.4 6.3 22.7 7.0 23.6 5.7 24.2 2.9 24.8 3.4 5.5 .0 10.2 -.1 1.4 -.1 6.6 .0 7.8 .2 3.7 .3 2.2 .4 -2.3 .3 -3.8 .2 1.0 .2 2.9 .2 6.1 .2 6.7 .4 5.2 .5 2.4 .6 2.9 .6 Gross private domestic investment Nonfarm Farm. -2.3 Net exports of goods and services. _ Exports Imports Government purchases of goods and servicesFederal -State and local -3.1 -2.0 -1.1 .3 1.1 2.0 3.4 3.6 1.9 1.9 1.7 .9 2.6 2.3 1.4 22.7 23.8 23.9 23.6 25.0 23.9 25.2 23.2 25.6 22.2 25.9 22.3 24.5 22.5 25.8 23.9 26.0 24.3 25.7 24.8 27.6 25.1 27.6 25.3 26.9 25.5 80.6 78.3 78.5 79.9 80.2 80.6 82.3 83.7 84.2 87.4 89.4 89.5 89.9 91.9 44.3 36.3 42.4 35.9 42.0 36.5 42.6 37.3 42.4 37.8 42.2 38.4 43.1 39.1 44.6 39.1 44.6 39.5 47.0 40.4 48.7 40.7 48.8 40.7 48.8 41,1 49.6 42.3 20.9 23.2 21.2 24.4 22.9 24.9 80.9 80.9 44.4 36.5 44.4 36.4 TABLE 6.—IMPLICIT PRICE DEFLATORS FOR GNP (VH-2, VII-3)—Con. [Index numbers, 1954 = 100] 1 Gross national product 111.9 112.4 112.9 113.3 113.8 114.0 114.4 114.9 115.3 115.6 115.9 116.1 116.4 116.6 117.1 117.4 2 Personal consumption expenditures 107.8 108.3 108.8 109.2 109.6 110.1 110.1 110.6 110.8 110.8 111 0 111.2 111 4 111 7 112 0 112 4 106.0 105.8 110.9 106.8 105.7 112.1 107.0 106.1 113.0 105.5 106.5 113.9 106.8 106.7 114.3 107.0 107.2 114.8 105.9 107 4 115.0 105.5 108 3 115.3 105.0 108 5 115.6 105.4 108 1 116.0 105 6 108 2 116.3 105 2 108 4 116.7 105 7 108 8 116 7 106 3 108 9 117 0 106 0 109 2 117 5 105 6 109 9 118 0 115.5 112.9 118.8 116.4 114.0 119.9 117.5 115.0 120.8 117.8 115.2 121.0 117.8 115 4 120.5 118.5 115.8 121.6 118.7 115 7 122.1 118.6 115 2 122.3 118.9 114 4 123.4 119.6 115 9 123.5 120 0 116 5 124 0 120.2 116 6 124.4 120 3 116 0 125 1 120 8 116 9 125 4 121 7 117 9 126 2 121 7 117 6 126 7 120.9 121.4 122.0 121.1 121.5 121.8 121.8 121.3 121.7 121.5 121.3 120.9 120 8 121 5 121 5 120 3 104.5 97.3 103 9 97.6 103.8 97.8 105 0 100.2 105 5 100.6 105 2 100.6 105 9 100 8 105 6 99.8 106 1 99 1 108 2 98 6 107 8 99 1 108 8 99 8 108 4 99 2 106 8 100 0 106 4 99 8 106 8 99 9 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Durable goods Nondurable goods Services Gross private domestic investment New construction _ Residential nonfarm Other _ Producers' durable equipment Change in business inventories... _ __ Net exports of goods and services Exports Imports _ _ _ _ Government purchases of goods and services. Federal State and local. __ 120.2 120.6 121.3 123.3 123.8 123.8 125.3 126.1 127.3 127.6 128.2 128.4 128.7 129.1 130.1 130.8 121.3 119.0 121.4 119.6 121.8 120.7 124.5 121.9 124.9 122.5 124.3 123.2 126 1 124.5 127 1 125.0 128 4 126.1 128 1 127.0 127 8 128 6 127 2 129 9 126 9 130 9 126 9 131 7 127 9 132 8 128 2 133 8 15 BUSINESS STATISTICS Jl 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 (t), 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 1960 | 1961 | 1962 1960 I Annual total II 1961 III IV I | II 1962 III I IV II 1963 III I | IV Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf National income, totalf - bil. $_ ' 414. 5 ' 426. 1 ' 453. 7 ' 413. 4 ' 416. 6 '415.4 ' 412. 8 '411.1 ' 423. 2 ' 429. 0 ' 441. 0 ' 444. 7 ' 452. 4 ' 455. 5 ' 462. 2 ' 466. 7 do.__ 293.6 302.1 322.9 290.5 294.6 295.8 293.9 294.0 300.1 304.4 309.9 316.0 322.5 325. 3 327.7 332.0 Wages and salaries, total do Private - - do Military do Government civilian do Supplements to wages and salaries do Proprietors' income, totalcf do Business and professionalcf do Farm __ _ _.do Rental income of persons do Corporate profits and inventory valuation adjustment total bil. $ 271.3 278.8 227.0 10.2 41.6 23.3 48.1 35.3 12.8 12.1 297.1 241.6 10.8 44.7 25.7 49.8 36.5 13.3 12.0 268.5 221.6 9.8 37.1 22.0 45.3 34.6 10.7 12.1 272.2 224.4 9.8 38.0 22.3 47.0 34.6 12.4 12.1 273.3 224.2 9.9 39.1 22.5 46.1 33.8 12.2 12.1 271.3 221.6 10.0 39.7 22.5 46.6 33.8 12.7 12.1 271.2 220.8 10.0 40.4 22.8 47.0 34.2 12.8 12.1 276.9 225.8 10.0 41.2 23.1 47.6 35.0 12.6 12.1 281.0 228. 8 10.0 42.2 23.4 48.3 35.7 12.6 12.1 286.1 232.5 10.8 42.8 23.8 49.5 36.3 13.2 12.0 290 7 236.1 11.1 43.6 25.2 49.5 36 0 13.5 12 0 296 8 241.7 11 0 44.1 25.7 49.6 36 5 13.1 12 0 299 4 243.7 10 7 45.0 25.9 49.8 36 6 13.2 12 0 301 5 244.7 10 5 46.3 26.2 50.3 36 9 13.4 12 0 304 5 246 7 10 7 47.1 27.5 50 7 37 2 13 5 12 0 Compensation of employees, total Corporate profits before tax, total Corporate profits tax liability Corporate profits after tax Dividends Undistributed profits Inventory valuation adjustment _ Net interest __do do do _ do __do do__ do Gross national product, totalf do Personal consumption expenditures, totaL.do Durable goods, total © _ do Automobiles and parts -do Furniture and household equipment- --do Nondurable goods, total © do Clothing and shoes _ do_ __ Food and alcoholic beverages do Gasoline and oil do Services, total © do Household operation do Housing _ do Transportation do Gross private domestic investment, total 222.9 9.9 38.5 22.3 46.2 34.2 12.0 12.1 44.5 43.8 47.0 47.9 45.2 43.2 41.5 38.8 43.6 44.0 48.6 46.1 46.5 46.1 49 3 48 8 44.3 22.3 22.0 14.5 7.5 .2 43.8 22 0 21.8 15.3 6.5 .0 46.8 22.2 24.6 16.6 8.1 .2 48.5 24.4 24.1 14.4 9.7 -.6 45.4 22.8 22.6 14.4 8.2 -.2 42.1 21.2 20.9 14.6 6.4 1.2 41.1 20.6 20.4 14.8 5.6 .5 38.5 19.4 19.2 15.0 4.2 .3 43.4 21.8 21.6 15.1 6.5 .2 44.3 22.3 22.0 15.2 6.8 -.3 48.9 24.6 24.3 15.8 8.5 -.3 45.9 21.7 24.2 16.2 8.0 .1 46.7 22.1 24.6 16.4 8.2 —.2 46.2 21.9 24.3 16.5 7.8 -.1 48.4 22.9 25.5 17 1 8.4 .9 48 3 22.9 25 4 17 1 8.3 4 18.0 20.0 22.0 17.6 17.7 18.2 18.8 19.1 19.8 20.3 21.0 21 2 21 7 22 3 23 0 23 3 ' 537. 8 '544 5 '552 4 '556 8 ' 565 2 571 8 ' 502. 6 ' 518. 2 ' 554. 9 ' 500. 4 ' 504. 1 ' 503. 5 ' 502. 1 ' 500. 4 ' 512. 5 '521.9 328.2 336.8 355. 4 324.2 329.7 328.7 330.3 330.7 334.9 337.9 343.8 348.8 352.9 356.7 362.9 367.4 44 9 18.8 19.1 151 8 28.1 79 5 11.7 131 5 19 5 41 9 10.7 43.6 17.1 19.2 155 1 28.6 81.1 11.9 138 0 20 4 44. 1 10.7 48.2 20.4 20.2 161. 4 29.8 84.2 12 3 145.7 21 5 46.6 11.3 45.5 19.6 19.1 149 9 28.1 78.5 11.4 128.7 19 1 40.9 10.5 45.7 19.2 19.3 153 0 28.5 80 2 11.6 131 0 19 5 41 5 10.7 44.6 18.3 19.1 152 0 28.3 79 4 11.8 132 2 19 6 42 1 10.7 43 9 17.9 18.8 152 3 27.7 79 9 11.9 134 2 19 9 42 8 10 8 41 2 15.7 18.3 153 9 28.2 80 6 11.9 135 6 20 0 43 3 10.7 43 1 16.7 19.1 154 5 28.2 81 0 11.7 137 3 20 4 43 8 10 6 43 9 17.0 19.6 155 3 28.6 81 2 11.9 138 8 20 6 44 4 10 7 46 4 18.9 20.0 156 9 29 3 81 6 11.9 140 5 20 8 45 0 10 8 47 3 19 7 20.0 158 9 29 7 82 7 12 1 142 6 21 3 45 6 11 1 47 5 20 1 19.8 160 6 29 5 83 9 12 2 144 8 21 5 46 3 11 3 47 7 19 8 20.3 162 5 29 9 85 0 12 3 146 6 21 5 46 9 11 4 50 5 22 2 20.6 163 6 29 9 85 2 12 6 148 9 21 8 47 6 11 6 50 6 22 0 20.9 165 3 30 2 85 8 12 8 151 4 22 2 48 2 11 8 do 71.8 69.0 78.8 77.6 73.3 70.9 65.3 59.6 66.6 72.0 77.6 77.3 79.6 78.9 78.8 77.8 New construction Residential nonfarm. Producers' durable equipment Change in business inventories Nonfarm do do do do do 40 7 21.1 27 6 35 3.2 41 6 21.0 25.5 19 1.5 44 4 23.2 28.8 55 4.9 40 9 21.5 27.4 9 3 9.1 40 7 9 12 28 4 4 2 3.9 40 5 21.0 27 7 2 7 2.3 40 7 20 5 26 8 —2 3 —2.7 39 3 19 0 24 6 —4 3 —4.6 41 0 20 1 24 5 11 .8 42 21 25 3 3 43 22 27 7 6 41 21 27 8 7 44 23 28 6 5 46 24 29 3 2 45 23 29 4 3 43 22 29 5 4 Net exports of goods and services Exports __ _ Imports do do do 30 26 3 23 3 4.4 27 5 23 1 3.8 28 9 25 1 1.5 25 2 23 7 2 3 26 3 24 0 33 26 7 23 4 4 9 27 0 22 1 5 4 27 5 22 1 4 3 26 5 22 2 4 1 27 8 23 7 4 0 28 3 24 2 33 27 9 24 6 4 4 29 5 25 0 4 1 29 4 25 3 33 28 8 25 5 36 28 6 24 9 99.6 53.1 45.7 46 5 107.9 57.4 49.0 50 6 117.0 62.4 53.3 54 6 97.2 52.4 45.4 44 7 98.9 52.9 45 6 46 0 100.5 53.5 45 9 47 0 101.6 53.7 45 9 48 0 104.7 55.4 47 5 49 3 106.8 57.1 49 0 49 7 107.9 57.1 48 6 50 8 112.3 59.8 50 9 52 5 115. 1 61.8 52 5 53 3 115.5 61.9 52 9 53 6 117.0 62.4 53 5 54 6 120.2 63.6 54 3 56 6 123.0 65.5 56 4 57 5 '499 1 253 7 94 2 159 5 188 8 56 7 '516 3 257 3 93 8 163 5 200 4 58 6 504 4 254 3 93 2 161 1 199 g 57 3 ' 504 7 252 8 90 6 162 2 195 3 56 7 ' 511 4 254 6 92 1 169 5 199 1 57 7 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:*! Final sales, total Goods, total Durable goods Nondurable goods Services Construction _ __ _ do do do do do do ' 549 3 272 8 101 5 171 3 214 5 62 1 ' 491 1 ' 499 9 251 6 254 8 95 4 94 4 156 2 160 4 183 7 188 8 55 8 56 3 Inventory change, total do ' 1 9 '5 5 '3.5 '9 3 '4 2 — 4 2 3 Durable goods do 8 2 2 9 2 5 2.2 1.1 Nondurable goods do 1.1 2.6 1.7 ' Revised, f Re vised series. Fstimates of national income and product and personal income have been revised back to 1959 (see p. 12 ff. of this issue of the SURVEY); revisions prior to May 1962 for personal income appear on p. 19 of this issue of the SURVEY, d"Includes '500 254 93 160 189 56 7 1 g 3 9 8 r 2 7 14 1.3 ' —2 3 ' —4 3 —6 6 —2 7 2.3 .4 '11 15 2.6 518 257 94 163 201 59 6 9 8 5 2 3 6 3 3 5 2 '35 2 0 1.5 2 8 1 2 9 ' 530 5 264 90 98 165 8 205 7 60 9 '72 4 7 2.5 7 2 4 1 6 5 3 7 5 8 ' 536 3 ' 546 0 270 7 268 1 99 9 99 9 170 8 168 2 209 0 213 5 61 8 59 2 '81 4 8 3.3 '65 31 3.4 0 2 3 6 8 0 7 9 0 2 ' 553 1 ' 561 2 ' 977 4 274 8 102 6 103 5 172 1 174 0 220 2 215 2 63 6 63 1 '36 2 5 1.2 '40 13 2.6 7 7 0 1 3 566 6 281 7 106 3 175 3 222 5 62 5 '51 j -^ 4n inventory valuation adjustment. ©Includes data not shown separately. 9 Government sales are not deducted. *For quarterly data back to 1947, see p. 35 of the July 1962 SURVEY. SUEVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1960 and descriptive notes are shown in the 1961 edition of BUSINESS STATISTICS 1960 1961 1962 Annual total 1961 1960 III July IV I II 1962 III IV I II 1963 III IV 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 totalt bil. $ Durable goods Nondurable goods Services r 474. 8 ' 440. 2 ' 437. 1 ' 434. 0 ' 443. 4 450.4 298.1 303.6 317.6 298.6 298.6 298.5 302.2 304.5 309.2 313.0 315.9 318.6 322.9 325. 5 do do do 42.2 141.4 114.5 41.5 143.3 118.9 45.6 147.8 124.3 42.1 141.5 115.0 41.6 140.7 116.4 39.3 141.9 117.3 40.9 142.9 118.4 41.6 143.5 119.4 44.1 144.7 120.4 44.7 146.0 122.3 44.7 147.4 123.8 45.0 148.8 124.8 47.8 148.9 126.2 48.1 150.1 127.3 Personal consumption expenditures, total.. do ' 439. 9 ' 447. 7 ' 463. 1 ' 467. 8 ' 474. 0 ' 475. 6 '481.4 ' 485. 3 do 60.2 57.5 65.2 59.4 54.5 49.7 55.6 59.9 64.7 64.4 66.0 64.8 65.2 64.6 New construction Producers' durable equipment Change in business inventories do do do 34.4 22.7 3.1 34.7 21.0 1.7 36.7 23.8 4.8 34.1 22.8 2.6 34.3 22.1 -1.9 33.1 20.2 -3.6 34.2 20.2 1.2 35.5 21.3 3.1 36.0 22.4 6.3 34.7 22.7 7.0 36.8 23.6 5.7 37.8 24.2 2.9 36.9 24.8 3.4 35. 7 24.0 4.9 Net exports of goods and services do 1.7 2.3 1.8 2.0 3.4 3. 6 1.9 1.9 1.7 .9 2.6 2.3 1.4 1.8 79.9 42.3 37.6 84.3 44.8 39.5 90.2 49.0 41.2 80.2 42.4 37.8 80.6 42.2 38.4 82.3 43.1 39.1 83.7 44.6 39.1 84.2 44.6 39.5 87.4 47.0 40.4 89.4 48.7 40.7 89.5 48.8 40.7 89.9 48.8 41.1 91.9 49.6 42.3 93.4 50.6 42.9 Gross private domestic investment, total Government purchases of goods and services, total bil. $_. Federal do State and local do DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates Personal income total bil. $__ '401.3 -•417.4 ' 442. 1 * 403. 5 ' 404. 3 ' 406. 6 ' 414. 5 ' 420. 2 ' 428. 0 ' 433. 5 ' 440. 7 ' 444. 5 ' 449. 9 ' 453. 9 51.4 '57.7 '51.3 52.5 50.9 r '51.3 r 52 9 53.0 ' 54. 9 '56.2 ' 58. 1 ' 58. 5 ' 59. 4 '57.9 Less: Personal tax and nontax payments do 355. 3 ' 362. 0 ' 367. 2 ' 373. 1 ' 377. 3 ' 382. 7 ' 386. 5 '391.4 ' 394. 5 Equals' Disposable personal income do. _ ' 349. 9 ' 364. 4 ' 384. 4 ' 352. 2 ' 353. 4 Personal saving § do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly totals or averages: All industries bil. $ '21.7 '27.6 '29.1 '23.4 '23.0 '24.5 '27.1 '29.2 '29.3 '28.5 '29.8 '29.7 '28.5 '27.1 8.92 8.59 29.33 8.98 9.53 7.57 8.61 8.65 9.54 8.02 9.50 9.62 10.18 8.25 19.84 2 10. 09 3.42 1.57 1.85 3.67 1.76 1.91 3. 02 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 3.69 1.77 1.92 3.72 1.79 1.93 4.13 2.03 2.10 3.27 1.62 1.65 3.93 1.96 1.97 3.91 1.94 1.96 .24 .17 .46 1.38 2.92 .27 .21 .52 1.37 3.29 .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 .60 1.37 3.30 .28 .24 .50 1.54 3.35 .27 .20 .50 1.52 3.55 .24 .21 .39 1.04 3.11 .26 .30 .52 1.43 3.40 .26 .26 .49 1.55 3.62 Manufacturing Durable goods Industries Nondurable goods industries do do do 3.62 1.80 1.82 Mining Railroads Transportation, other than rail Public utilities Commercial and other do do do do do .25 .26 .48 1.42 2 89 Seas. adj. qtrly. totals at annual rates: All Industries do 35.90 35.50 33.85 33.50 34.70 35.40 35.70 36.95 38.35 37.95 36.95 138.40 2 39. 95 do 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 14.45 6.95 7.50 15.05 7.25 7.80 15.00 7.30 7.70 14.85 7.35 7.50 15.35 7.65 7.70 15.80 7.95 7.85 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 2.25 5.40 12.85 1.10 1.00 2.00 5.75 13.40 1.00 .80 1.90 5.45 13.80 1.05 .90 ].70 5.20 13. 20 1.00 1.05 1.95 5.55 13.45 1.05 1.10 2.00 5.80 14.25 4, 755 4,720 4,730 4,740 4,750 4, 760 4,770 4,780 4,790 4,800 4,815 4,825 D ura hip P'nnd b~1u dn<?trip<? -. ._ j goo Railroads do Public utilities do BUSINESS POPULATION Firms In operation, end of quarter (seasonally adjusted) _ thous 3 4, 658 3 4, 713 U.S. BALANCE OF INTERNATIONAL PAYMENTS} Quarterly Data are Seasonally Adjusted U.S. payments, recorded . _. __mll. $ 31, 174 31, 778 33, 254 7,937 7,993 7,673 7,535 7,917 8,653 8,246 8,316 8,214 8,478 8,430 14, 723 3,048 5,434 14, 497 2,934 5,436 16, 145 3,028 5,791 3,664 789 1,364 3,422 725 1,335 3,386 773 1,318 3,404 764 1,338 3,826 680 1,365 3,881 717 1,415 3,942 754 1,423 4.030 748 1,444 4,127 732 1,423 4,046 794 1,501 3,985 741 1,447 672 3, 405 705 4,056 736 4,281 169 826 957 187 985 171 856 173 1,029 174 1, 186 191 1,075 182 1,078 176 1,045 187 1,083 217 1,082 3,892 1.694 850 1,348 4,150 1,598 1,011 1,541 3,273 1,557 1,209 507 1,125 362 221 542 1,377 688 215 474 1,024 458 94 472 1,002 344 219 439 844 399 234 211 1,280 397 464 419 861 199 357 305 834 506 329 -1 711 359 188 164 867 493 335 39 958 556 457 -55 Imports: Merchandise. __ Military expenditures Other services do do do Remittances and pensions Govt grants and capital outflows U.S. private capital Direct investments Long-term portfolio Short-term . _ do . do do _.do ...do do r3 ...do 27, 976 30, 313 32, 093 7,112 7,001 7,428 7,956 7,247 7,682 7,688 7,901 8, 327 8,177 7,668 Exports: Merchandise _ Services and military sales do do 19, 459 7, 515 19, 913 8,398 20, 479 9,311 4,940 1,905 4,986 1,942 5, 050 2, 038 4,755 2, 088 4,987 2,120 5,121 2,152 5,022 2,184 5,262 2,348 5,270 2,280 4,925 2, 499 4,998 2, 368 Repayments on U.S. Govt. loans Foreign capital other than liquid funds do do 636 366 1,274 728 1,283 1,020 196 71 133 -60 128 212 851 262 99 41 196 213 155 327 237 54 601 176 290 463 168 134 Excess of recorded receipts or payments (— )._ .do -3, 198 -1, 465 -1,161 113 301 762 -683 -905 -1,025 U.S. receipts, recorded Unrecorded transactions do -825 193 -992 -245 -265 -227 Total, net receipts (+) or payments (—)._. do -3,881 -2,370 -2, 186 -1,018 -1,257 Excl. transactions in nonmarketable, mediumterm convertible Government securities mil.$ r Revised. » Preliminary. i Estimates for Apr. -June 1963 based on anticipated capital expenditures of business. 2 Estimates for July-Sept. 1963 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1963 are as follows (in bil. $): All industries, 39.24; manufacturing, total, 15.56; durable goods industries, 7.72; nondurable goods industries, 7.84; mining, 1.02 ; railroads, 1.08; transportation, 1.90; public utilities, 5.61; commercial and other, 14.07. 3 Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963 -472 421 -390 31 -670 -971 -558 15 -303 -27 -655 -1,274 585 -415 -37 -452 -469 -356 492 -793 44 806 4.^fi (based on incomplete data) is 4,797,000. f See corresponding note on p. S-l (revisions prior to 3d qtr. 1960 appear on p. 12 ff. of this issue of the SURVEY). § Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product on p. S-l. J More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY. Revisions prior to 3d qtr. 1960 will be shown later.
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