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Table 1.—Gross National, Products Annually, 1929-64, and
[Millions of dollars]
1929

Line

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1

Gross National Product

103,095

90,367

75,820

58,049

55,601

65,054

72,247

82,481

90,446

84,670

90,494

99,678 124,540 157,910 191,592 210,104

2

Personal consumption expenditures

77,222

69,880

60,464

48,589

45,795

51,335

55,699

61,912

66,507

63,920

66,834

70,824

80,575

88,501

99,336 108,255

9,212
37, 686
30, 324

7,155
34, 022
28, 703

5,485
28, 956
26, 023

3,646
22, 741
22, 202

3,469
22, 257
20,069

4,213
26, 691
20, 431

5,111
29, 322
21, 266

6,304
32, 857
22, 751

6,925
35, 224
24, 358

5,686
33, 953
24, 281

6,670
35, 116
25, 048

7,766
37, 017
26, 041

9,647
42, 853
28, 075

6,947
50, 753
30, 801

6,572
58, 597
34, 167

6,718
64, 348
37, 189

16,228

10,260

5,618

960

1,401

3,334

6,411

8,486

11,783

6,475

9,264

13,133

17,909

9,811

5,741

7,135

10, 612
8,273
4,015
4,258
2,339
2,208
131

6, 766
5,041
2,343
2,698
1,725
1,647
78

3,440
2,709
1,219
1,490
731
693
38

2,965
2,402
931
1,471
563
520
43

4,069
3,205
1,050
2,155
864
812
52

5,337
4,138
1,234
2,904
1,199
1,119
80

7,226
5,619
1,645
3,974
1,607
1,510
97

9,241
7,308
2,442
4,866
1,933
1,807
126

7,389
5,365
1,897
3,468
2,024
1,923
101

8,853
5,927
1,953
3,974
2,926
2,791
135

10, 950
7,549
2,287
5,262
3,401
3,218
183

13, 440
9,506
2,928
6,578
3,934
3,703
231

8,060
5,951
1,886
4,065
2,109
1,934
175

6,371
5,013
1,342
3,671
1,358
1,198
160

8,120
6,843
1,841
5,002
1,277
1,132
145

1,714
1,836
-122
1,148
7,034
5,886
8,497

-352 -1, 148 -2, 480 -1, 564
-83 -1, 608 -2, 590 -1,370
-194
-269
460
110
1,032
358
516
407
2,402
5,448 3,641 2,474
3,125
4,416
2,067 2,044
9,222 8,093 8,047
9,195

-735
195
-930
601
2,975
2,374
9,784

1,074
376
698
128
3,265
3,137
10,009

1,260
2,066
-806
115
3,539
3, 424
11,968

2,542
-914
1,726 -1, 046
816
132
297
1,291
4,553 4,336
4,256 3,045
11,859 12,984

411
316
95
1,066
4,432
3,366
13,330

2,183
1,902
281
1,719
5,355
3,636
14,002

4,469
4,049
420
1,289
5,925
4,636
24,767

1,751
-630
-985
652
-577
-575
1,099
-53
-410
6 -2,049 -1,830
4,791
4,416
5,298
4,785 6,465
7,128
59,592 88,564 96,544

1,261

1,372

1,495

1,456

2,000

2,981

2,919

4,935

4,664

5,409

7,236

7,823

7,727

6,637

6,047

6,803

7,090

7, 033

7,195

7,575

5,105
1,249
3,856
8,225

6,015
2,214
3,801
7,987

16,882
13, 750
3,132
7,885

51, 875
49, 363
2,512
7,717

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

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

14, 514
10, 560
4,959
5,601
3,954
3,779
175

81, 148
79, 743
1,405
7,416

89,002
87, 433
1,569
7,542

[Billions of dollars]
1947

1946

1948

1949

Line
I

Gross National Product _ . _
1
2 Personal consumption expenditures
Durable goods
3
Nondurable goods
_
4
5
Services
•.-.
6 Gross private domestic investment
Fixed investment
7
Nonresidential
8
Structures
9
Producers' durable equipment
10
Residential structures
11
Nonfarm
12
Farm
_ _ __
13
Change in business inventories
14
Nonfarm
15
Farm
._ _
16
17 Net exports of goods and services.Exports
_
78
19
Imports
20 Government purchases of goods and
services
Federal
21
National defense..
22
Other
23
24
State and local

III

IV

223.6
155.0
19.3
87.3
48.3
32.8
32.4
22.9

227.6
158.9
19.9
89.7
49.3
31.6
32.6
23.1

231.8
162.5
20.4
91.6
50.4
31.7
34.4
23.2

242.1
166.5
21.9
93.2
51.3
39.8
38.3
24.4

13.4
8.5
7.9
.6
4.7
4.8
-.1
6.8
14.4
7.6
26.4

15.5
9.5
8.9
.6
.4
1.5
-1.1
11.5
19.3
7.8
24.2

15.7
9.5
8.9
.7
—1.0
1.5
-2.5
12.0
20.5
8.5
25.1

15.6
11.3
10.6
.7
-2.7
-.3
-2.4
12.5
20.4
7.9
25.2

15.5
12.3
3.2
10.9

12.4
9.4
3.0
11.8

12.9
8.9
4.0
12.2

12.4
8.7
3.8
12.7

III

IV

214.2
147.9
17.0
84.8
46.1
32.5
26.5
18.4
7.3
11.1
8.0
7.5
.5
6.1
5.9
.2
8.8
16.1
7.3
25.0

219.2
152.1
18.7
85.9
47.5
33.9
29.2
20.7

6.8
13.6
6.8
30.9

204.0
139.3
14.7
80.2
44.4
31.5
22.6
15.7
6.8
8.9
7.0
6.5
.5
8.8
8.7
.1
7.6
14.8
7.2
25. 6

22.2
20.4
1.8
8.8

16.3
14.4
2.0
9.3

14.9
11.9
3.0
10.0

196.5
134.3
12.6
78.6
43.1
24.5
18.6
13.1
5.6
7.5
5.5
5.0
.5
5.9
6.0

I

II

II

I

II

III

IV

I

1
1

II

III

IV

16.7
13.9
13.1
.8
1.4
2.4
-1.0
10.1
18.7
8.7
25.8

248.0
169.1
21.9
94.7
52.6
43.4
40.1
26.1
8.1
18.0
14.0
13.2
.8
3.3
2.3
1.0
8.2
18.1
9.9
27.3

255.6
172.8
22.3
96.6
54.0
46.2
41.1
26.1
8.7
17.4
15.0
14.2
.9
5.1
2.9
2.2
6.2
16.5
10.3
30.3

262.5
177.5
23.4
96.7
55.6
48.1
42.0
27.1
9.2
17.9
14.9
14.0
.9
6.1
3.9
2.2
5.9
16.7
10.8
32.8

263.9
176.6
23.1
96.9
56.5
46.3
42.0
28.2
9.4
18.8
13.8
12.9
.9
4.3
2.8
1.5
5.5
15.9
10.4
35.6

258.5
175.4
22.5
96.0
56.9
39.6
39.6
26.6
9.0
17.6
13.0
12.1
.9
.0
.6
-.6
7.4
17.4
10.0
3.6.1

255.2
176.8
24.4
95.0
57.5
33.1
38.5
25.7
8.7
17.0
12.8
11.9
.8
-5.3
-4.1
-1.2
7.2
17.0
9.7
38.0

257.1
176.2
25.3
93.2
57.7
36.2
37.9
24.3
8.2
16.1
13.6
12.8
.8
—1.7
-.6
-1.1
6.1
15.5
9.3
38.5

255.0
178.8
26.3
94.0
58.5
33.8
39.1
23.8
8.0
15.7
15.3
14.5
.8
—5.3
-4.7
-.5
3.8
13.3
9.4
38.6

12.4
9.3
3.1
13.4

13.5
9.8
3.7
13.8

15.7
10.4
5.4
14.6

17.3
10.7
6.7
15.4

19.5
12.0
7.4
16.1

19.4
12.8
6.6
16.7

20.6
13.4
7.2
17.4

20.3
13.7
6.6
18.2

20.1
13.1
7.0
18.5

[Billions of dollars]
19 57

19 56

Line

I
1
Gross National Product
2 Personal consumption expen di tures
3
Durable goods
4
Nondurable goods
5
Services
6 Gross private domestic investment
7
Fixed investment..
__ _
8
N onr evidential
9
Structures
10
Producers' durable equipment
11
Residential structures
12
Nonfarm
13
Farm
14
Change in business inventories
15
Nonfarm
_
16
Farm
17 Net exports of goods and services
18
Exports
19
Imports
20 Government purchases of goods and
services
21
Federal
22
National defense
23
Other24
State and local

24



II

410.6
262.0

I

III

IV

38 5
127 6
95 8
69.9
63.9
42 0
16.5
25.6
21 8
21.2
.7
60
6.6
— 5
2.3
21 9
19 6

416.2
264.4
38 6
128.5
97 4
69.4
65.1
43 1
17 0
26.1
22 0
21. 3
.7
43
52
— 9
3.8
23 3
19 4

420.6
267.5
38 4
129.8
99.3
70.3
66.2
44 7
17.7
27.0
21 5
20.8
.7
41
4.4
— S
4.1
24 2
20 0

429.5
272.8
40 2
131 2
101 4
70.4
66.1
45 0
17 8
27.2
21 1
20 4
.7
43
41
2
5.6
25 0
19 4

436.9
277.2
41 4
132.9
102 8
68.5
66.4
45 9
17.8
28.1
20.5
19.8
.7
2.1
2.0
1
6.6
27 5
20.9

76.4
44 5
38.4
6.1
31.8

78 5
45 8
40 4
5.4
32.6

78 7
45 3
40 4
4.9
33.4

80 7
46 6
42 1
46
34.0

84 6
49 3
43 4
5.8
35.3

II

III

IV

439.9
279.3
40 9
134.3
104 1
68.5
66.2
46 0
18.1
28. 0^
20 1
19.4
.7
2.3
2.0
3
6.3
27 1
20 8

446.3
283.8
40 6
137.7
105.6
70J4
67.2
47 '2
18.1
29.1
20.0
19.4
.7
3.2
2.5
7
5.5
26 2
20 7

441.5
285.4
40.2
137.4
107.8
64.0
66.3
46 3
17.9
28.3
20 0
19.4
.6
—2 2
-3.3
1i
4.5
25 2
20 6

434.7
284.5
37 9
137.8
108.9
57.3
62.7
43 0
17 3
25.7
19 7
19 1
.6
—5 4
—6.3
9
2.6
22 9
20 3

85
49
44
5
36

86 6
49 7
44 8
4.9
36.9

87 5
49 6
44 6
5.0
37.9

90 2
51 3
44 7
6.6
38.9

8
6
1
5
2

19 59

19 58
I

II

III

IV

438.3
287.4
36 8
139.3
111 3
55.7
60.8
41 2
16 7
24.5
19 5
18.9
.6
—5 1
-5 9
8
2.4
23 0
20 6

451.4
292.2
37.7
141.2
113.3
61.4
61.3
40 5
16.1
24 .4
'20 8
20.2
.6
.1
—.8
9
2.4
23 0
20 7

464.4
296.2
39.1
142.3
114.7
68.8
64.7
41.7
16.2
25.5
23 0
22.4
.6
4.1
3.3
.8
1.4
23 3
21 9

92 8
52 9
45 7
7 2
39.9

95 4
54 3
46 3
80
41.1

98 0
55 9
46 9
9.0
42.2

II

III

IV

474.0
304.0
42.8
144.4
116.8
72.1
68.3
43 0
16.0
27.0
25.3
24.6
.6
3.9
3.8
.1
.2
22 4
22.2

486.9
309.8
45.0
145.7
119.1
80.4
71.3
45.2
16.6
28.7
26.1
25.4
.6
9.1
9.1
.0
-.8
22.7
23.4

484.0
314.8
45.8
147.3
121.7
72.2
71.8
46.2
17.1
29.1
25.6
25.0
.6
.4
.5
—.1
.4
24.4
24.0

490.5
316.3
43.6
149.1
123.6
77.2
70,8
46.0
17.0
29.0
24.8
24.2
.6
6.3
6.3
.0
.7
24.4
23.7

97.7
54 6
46.5
8.1
43.1

97.5
54.1
46.1
8.0
43.4

96.6
53.1
45.7
7.3
43.5

96.4
52.9
45.9
7.0
43.4

I

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-64
[Millions of dollars]

1945

1947

1946

1951

1950

1949

1948

1952

1954

1953

1955

212,010 208,509 231,323 257,562 256,484 284,769 328,404 345,498 364,593 364,841 397,960
119,701 143,400 160,704 173,555 176,803 191,009 206,266 216,679 229,969 236,494 254,381

1956

1957

1958

1959

1960

1961

1962

1963

1964
628,699

419,238

441,134 447,334

483,650

503,755

520,109

560,344

589,238

266,675

281, 432 290,069

311,207

325,241

335,152 355,057

373,812

52,593

51,724

67,374

70,016

67,850

60,901

75,304

398,907
44, 180 49, 540 53, 443 58, 732
155, 903 162, 557 168, 024 177,535
135, 069 142, 960 152,345 162, 640
74,826 71,699 83,018 86,871
92,876

52,146
34, 155
12,652
21, 503
17, 991
17,233
758

53,267
33, 613
13,061
20, 552
19,654
18, 951
703

61, 421
38, 114
14, 310
23, 804
23, 307
22, 685
622

65, 321
43, 714
17,246
26, 468
21, 607
20, 925
682

66, 515
46,355
17,980
28,375
20, 160
19, 498
662

62, 392
41,613
16, 585
25, 028
20, 779
20, 146
633

70, 547
45, 096
16, 661
28,435
25, 451
24, 806
645

71,257
48, 410
18, 127
30,283
22, 847
22,233
614

447 -1,543 5,953
10, 296 3,133
9,057 2,146
1,068 -2, 129 5,486
586
1,239
987 -621
467
3,671 2,226
386 1,828 2,009
18, 744 17, 992 16, 947 17, 759 19, 804
15, 073 15, 766 16, 561 15,931 17,795
59, 127 74,661 81,645 74,795 74,196

4,695
5,075
-380
3,967
23,595
19,628
78,580

1,335 -1,491
801 -2,339
534
848
5,729
2,206
26, 481 23,067
20,752 20,861
86, 123 94, 158

4,757
4,765
-8
134
23, 476
23,342
97,005

3,569
2, 022
6,004
5,709
4,806
3,336
1,743
5,290
4,933
5, 414
233
279
714
776
-608
4,067
5,633
5,149
5,917
8,560
27, 244 28,557 30, 278 32,353 37,017
23, 177 22,924 25,129 26, 436 28, 457
99,621 107,625 117, 120 122,638 128,356

74, 179 17,234 12, 544 16, 515 20, 112 18,403 37, 652 51, 779 57, 034 47,377 44,090
73, 507 14,738 9,071 10,734 13, 268 14,091 33, 584 45, 928 48, 664 41,198 38,557
672 2,496 3,473 5,781 6,844 4,312 4,068 5,851 8,370 6,179 5,533
8,102 9,772 12, 562 15,038 17, 733 19, 497 21,475 22,882 24, 611 27, 418 30, 106

45,586
40, 330
5,256
32,994

49,538
44,225
5, 313
36,585

53,594
45,902
7,692
40,564

53, 659
46,049
7,610
43,346

53, 531
44, 946
8,585
46, 090

8,044 15, 757 20, 394 22,677 24,628 30, 477 29, 648 29,334
71,903 82, 374 90, 471 96,215 94, 545 98, 110 108, 753 113, 950
39,754 45,269 49, 839 54,633 57, 630 62, 422 67, 865 73, 395
10,641 30,609 33,984 46,014 35,687 54,081 59,340 51,932

38, 762
25, 092
8,483
16, 609
13, 670
12,836
834

11, 675 24,230 34, 446 41,306
10, 152 16, 986 23, 387 26,866
2,867 6,778 7,499 8, 815
7,285 10,208 15, 888 18, 051
1,523 7,244 11, 059 14, 440
1,385 6,728 10,367 13,574
866
692
516
138
-1,034
-595
-439
-613
7,240
7,853
82,281

-462
1,298
-1,760
11,529
19,737
8,208
25,106

6,379
6,350
29
7,494
14, 735
7,241
27,006

4,708
2,976
1,732
6,440
16, 789
10,349
31,553

47,292
27, 903
9,249
18,654
19, 389
18, 608
781

-3, 075 6,789
-2,209 6,000
789
-866
6,149 1,779
15, 770 13,807
9,621 12, 028
37,845 37,900

49,044
31, 810
11, 159
20,651
17,234
16, 423
811

48, 799
31, 615
11,399
20,216
17, 184
16, 424
760

Line

33,248 32, 836 39, 639 38, 920 40,795 37,881 44, 306 45,294
116, 792 118,278 123, 309 129,262 135, 589 140, 152 146,623 151,295
79, 929 85, 380 91,433 98,493 105, 048 112, 036 120,278 128,652

69,677
47,032
18, 385
28, 647
22,645
22, 043
602

57, 408
47,825
9,583
50,217

77,014
51, 667
19,207
32, 460
25, 347
24, 753
594

81, 162
54,285
19, 700
34, 585
26,877
26,298
579

63,389
51, 582
11,807
53,731

88,070
60, 533
21,086
39,447
27, 537
26, 971
566

64,371
50,812
13,559
58, 267

65, 303
49,944
15,359
63,053

;
i
,
(
i
10

i
11
i
12
i
13
i
14
i
15
i
16
i
17
i
18
i
19
20
2

2
2
2
2

[Billions of dollars]

I

II

III

I

IV

II

III

IV

293.1 304.5 318.0 325.8 332.8 336.9
199.4 197.0 207.5 202.9 205.4 209.2
28.6
28.1 28.3
33.6
31.4
35.3
100.8 100.8 107.6 107.0 109.0 111.4
67.3
68.4
69.5
66.3
63.4
64.8
53.4
64.1 58.8
55.8
65.8
61.0
48.3
50.5
48.9 48.5
50.9
50.7
32.0
31.0
32.4
31.8
29.8
30.7
11.1
11.4
10.7
11.5
9.5
10.3
20.2
20.9
20.9
20.5
20.3
20.4
16.0
16.3
19.5
17.1
21.1 20.0
15.2
18.7
15.5
20.3
19.2
16.3
.8
.8
.8
.8
.8
.8
15.2
4.9
10.5
10.4
5.1
15.1
14.0
3.8
9.1
3.8
13.8
9.3
1.2
1.2
1.2
1.2
1.3
1.1
3.1
5.5
1.0
5.0
.5
1.1
20.0
18.8
13.9
16.4
15.1
19.7
14.4
15.7
13.5
14.1 15.4
14.8
37.4
48.5
55.6
68.7
40.7
63.6

266.0 275.4
181.7
185.8
27.4
27.9
96.2
94.6
59.8
61.7
50.8
44.0
46.0
41.6
24.4
26.7
8.4
8.8
17.9
15.9
17.2
19.3
16.4
18.5
.8
.8
2.4
4.8
2.2
4.2
.2
.6
3.1
2.6
13.0
13.2
9.9
10.6
37.2
36.2
18.4
12.5
5.8
18.8

1952

1951

19 50

17.7
14.2
3.5
19.7

17.1
12.6
4.4
19.2

20.5
17.1
3.5
20.2

27.8
24.1
3.8
20.6

34.3
30.4
3.9
21.3

41.8
37.7
4.0
21.8

46.7
42.1
4.6
22.0

I

II

339.5
210.4
28.8
110.8
70.9
54.2
49 0
32.3
11.2
21.1
16.7
15.9
.8
5.2
4.0
1.2
4.8
20.2
15.4
70.0

339.1
214.6
29.1
113.0
72.5
47.4
49.7
32. 7
11.3
21.4
17.1
16.3
.8
-2.3
-3.3
1.0
3.0
18.2
15.1
74.1

47.8
42.5
5.3
22.3

51.1
45.7
5.4
23.0

19 53
IV

III

I

II

19 54
III

IV

345.6 357.7 364.2 367.5 365.8 360.8
216.7 225.0 228.4 230. 1 231.0 230.3
27.5 32.0
33.5
33.5 33.4
32.6
115.1 117.0 117.2 117.2 116.5 116.3
74.2
76.0
81.4
77.8
79.5
81.1
55.1 54.2
55.4
50.9
47.5
53.2
52.0
46.7
49.7
51.8
52.2
52.5
34.4
31.9
33.6
29.6
33.9
34.7
12.2
13.0
11.4
11.8
12.6
12.8
18.2
20.1
21.4
21.3
21.3
21.9
18.2
17.1
17.8
18.3
17.6
17.8
17.4
16.4
17.1
16.9
17.6
17.1
.8
.7
.7
.8
.8
.8
5.4
2.4
3.2
4.3
.7 -4.5
3.0
4.6
4.1
3.3
1.5 -4.3
-.2
.8
.6
-.9
.9
-.8
.1
.5
.6
.0
.3
1.1
16.7
16.9
17.2
16.8
16.8
16.9
16.2
15.7
16.8
16.8
16.9
16.3
76.9
81.9
77.6
81.0
81.2
82.3
54.1
47.0
7.1
22.8

54.2
48.5
5.6
23.4

56.9
49.2
7.7
24.1

57.8
49.5
8.3
24.1

56.5
48.4
8.1
24.8

56.9
47.6
9.4
25.4

19K

I

II

III

IV

I

360.7
232.3
32.0
117.4
82.9
48.7
51.2
33.5
13.1
20.4
17.8
17.0
.7
-2.5
-2.8
.2
1.1
16.3
15.3
78.6

360.4
234.6
32.5
117.4
84.6
49.7
52.4
33.5
13.0
20.4
18.9
18.2
.7
-2.7
-3.2
.5
17
18.3
16.6
74.3

364.7
237.3
32.5
118.4
86.3
51.9
54.1
33.8
13.1
20.7
20.3
19.6
.7
-2.2
-2.8
.6
1.9
17.6
15.8
73.7

373.4
241.8
34.2
119.8
87.7
56.6
55.4
33.8
13.1
20.7
21.6
20.9
.7
1.3
.2
1.0
2.7
18.7
16.1
72.4

386.2
247.7
37.4
120. 8
98.5
62.3
57.7
34.4
13.5
20.9
23.3
23.7
.6
4.6
3.8
.8
2.8
19.5
16.7
73.4

52.3
44.4
7.9
26.3

47.4
42.0
5.4
27.0

45.7
39.9
5.8
28.0

44.1
38.5
5.6
28.3

44.0
38.7
5.3
29.4

II

Line
III

IV

394.4 402.5 408.8
252. 7 256.8 260.4
39.6 41.4 40.1
122.6 123.7 126.1
90.4 91.7 94.2
66.9 69.0 71.3
60.8 63.0 64.2
36.9 39.5 41.7
14.0 14.6 15.2
23.0 24.9 26.5
23.9 23.5 22.5
22.2 22.9 21.9
.6
.6
.6
6.0
6.1
7.1
6.8
5.7
5.5
.3
.5
.3
2.0
1.6
1.6
19.0 20.1 20.5
17.4 18.1 18.9
73.2 74.6 75.5

2

44.4
39.2
5.1
30.3

2
2
2
2

43.3
38.2
5.1
29.9

44.7
38.1
6.6
30.8

(

1
1
1
1
1
1
1
1
1
1

[Billions of dollars]
1960

1962

1961

I

II

III

IV

503.0
321.1
45.9
149.4
125.7
82.5
72.6
47.8
18.2
29.6
24. 7
24.1
.6
9.9
10.0
-.1
2.4
26.1
23.7

504.7
326.3
46.1
152.0
128.1
76.0
72.1
49.0
17.9
31.2
23.1
22.5
.6
3.9
3.8
.2
3.5
27.4
23.8

504.2
325.9
45.3
151.3
129.3
73.5
70.4
48.4
17. 8
30.6
22.0
21.4
.6
3.1
2.7
.4
4.3
27.5
23.3

503.3
327.7
43.8
152.5
131.4
67.6
70.0
48.4
18.6
29.8
21.6
21.0
.6
-2.4
-2.8
.4
6.1
28.0
21.9

503.6
328.4
41.9
154.1
132.4
64.3
67.7
46.0
18.4
27.6
21.7
21.1
.6
-3.5
-3.7
.3
6.6
28.5
22.0

97.0
52.7
45.0
7.7
44.3

98.8
53.0
44.4
8.6
45.9

100.4
53.9
44.6
9.3
46.6

101.9
54.6
45.8
8.8
47.3

104.3
55.4
46.9
8.4
49.0

781-756 O - 65 - 4




I

III

IV

514.9
332.3
43.4
154.7
134.2
70.2
68.1
46.0
18.3
27.7
22.1
21.5
.6
2.1
1.8
.3
5.7
27.8
22.1

524.2
336. 7
44.8
156.1
135. 8
74.2
70.4
47.5
18.4
29.0
22.9
22.3
.6
3.8
3.4
.4
4.9
28.6
23.6

537.7
343.1
46.6
158.7
137.8
77.9
72.5
48.6
18.4
30.3
23.8
23.2
.6
5.5
5.3
.2
5.4
29.4
24.0

547.8
348.3
48.5
160.2
139.6
80.6
73.9
49.5
18.5
31.0
24.4
23.8
.6
6.7
6.3
.4
4.5
29.1
24.6

106.7
57.3
47.7
9.6
49.4

108.4
57.8
47.7
10.0
50.6

111.3
59.2
48.9
10.3
52.1

114.4
61. 9
51.1
10.8
52. 5

II

I

II

1964

1963
III

IV

557.2
351.7
48.5
161.6
141.6
82.8
76.7
51.3
19.2
32.1
25.4
24.8
.6
6.1
5.6
.5
5.7
30.9
25.2

564.4
357.2
50.1
163.2
144.0
84.3
79.2
53. 1
19.7
33.5
26.0
25.4
.6
5.2
4.3
.8
5.4
30.6
25.2

572.0
363.0
51.1
165.3
146.7
84.7
78.3
52.7
19.5
33.2
25.6
25.0
.6
6.4
5.3
1.1
4.9
30.5
25.5

117.0
64.0
53.0
10.9
53.1

117.4
63.3
51.3
12.0
54. 1

119.3
64.4
50.9
13.5
55.0

Line

II

III

IV

I

II

III

IV

577.0
368.0
52. 2
166.6
149.2
82.6
78.1
52.1
19.0
33.1
26. 0
25.4
.6
4.5
3.8
.7
4.5
30.0
25.6

583.1
371. 1
52.6
167.4
151. 1
84.8
80.1
53.4
19.2
34.2
26.7
26.1
.6
4.7
4.2
.6
6.2
32.4
26. 2

593.1
376.6
54.1
169. 2
153.3
87.9
82.1
55.1
20.0
35.1
26.9
26.4
.6
5.8
5.2
.7
5.7
32.6
26.9

603.6
379.5
54.9
168.9
155. 7
92.4
84.3
56.5
20.5
36. 0
27.9
27.3
.6
8.1
6.9
1.2
7.3
34.4
27.1

614.0
389.1
57.4
173.7
158.0
89.7
86.5
58.1
20.7
37. 5
28.4
27.8
.6
3.3
3.6
-.4
8.8
36.3
27.5

624.2
396.0
59.1
175.7
161.2
90.9
86.8
58.9
21.1
37.9
27.9
27.3
.6
4.1
5.1
7.7
36. 0
28.2

634.8
404.6
60.5
179.8
164.3
92.6
88.8
61.6
21.1
40.5
27.2
26.6
.6
3.8
4.6
-.8
8.8
37.3
28.5

641.1
405.9
57.9
180.9
167.1
97.7
90.2
63.5
21.5
42.0
26.7
26.2
.6
7.5
7.8
-.3
8.9
38.4
29.5

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

121.9
65.4
51.5
13.9
56.5

120.9
63.6
50.5
13. 1
57.4

123.0
64.2
51.0
13.2
58.8

124.3
64.4
50.3
14.1
59.9

126.3
65. 0
49.8
15.2
61.3

129.7
67.0
51.7
15.3
62.7

128.7
64.9
49.5
15.4
63.8

128.6
64.3
48.8
15.5
64.3

20
21
22
23
24

I

-i.o

25

Table 2.—Gross National Product in Constant Dollars: Annually 1929-64,
[Billions of 1958 dollars]

1929

1
2
3
4
5

Durable goods
Nondurable goods
Services

_ _

1932

1933

1934

1935

1936

1937

1S38

1939

1940

1941

1942

1943

183.3

169.2

144.1

141.5

154.3

169 6

193 0

203 3

193 0

209 4

227 2

263 7

297 8

007 9

QAf

<t

130.4

126.1

114.8

112.8

118.1

125.5

138.4

143.1

140 2

148 2

155 7

165 4

161 4

ICK a

m

A

16.3
69.3
54.0

Personal consumption expenditures

1931

139.6

Gross National Product

1930

203.6

Line

12.9
65.9
51.5

11.2
65.6
49.4

8.3

9.4

60.4
45.9

58.6
46.0

62.5
46.1

11.7
65 9
47.9

14.5
73 4
50.5

15.1
76 0
52 0

12 2
77 1
50 9

14 5
81 2
52 5

16 7
84 6
54 4

19 1
89 9
56 3

11 7
91 3
58 5

10 2
93 7
61 8

8.4

1944

9 4

1945

f on n

in fi

Q7 3

-lf\A 7

CA 7

07 7

6

Gross private domestic investment.

40.4

27.3

16.6

4.6

5.3

9.4

18.0

24.1

30 0

17 0

24 7

33 0

41 6

21 4

12 8

11 A

1Q

7
g
9
10
11
12
13
14
15
16

Fixed investment
N onresidential _
Structures.. _Producers' durable equipment
Residential structures. _ .
Nonfarm
Farm
Change in business inventories
Nonfarm
Farm

36.8
26.5
13.9
12.6
10.4

27.9
21.6
11.7

19.1
13.9

10.8

12.0

15 6
11.6

20 9
15.8

24 5
18 9

11 8
56

23
15
5
9
8
7

28 1
18 8
6 7
12 1
92
86

32
22
8
14
9
9

17
12
4
7
4

13
10
2
7
2
2

99 7
1Q 0

10 3

19
13
5
8
5

I R Q

8.1
4.3
3.8
2.7
2.5
.1

9.6
7.6
3.3
4.3
2.1
1.9
.2

-6.2
-7.0

-4.3
-3.8

-2.7

17
18
19
20
21

22

.
_.-

-2.4
-3.9

1.5

.8

—.5

.3

-3.0

4.1
7.5
4.0
3.8
.3
2.4
1.0
1.4

5.5

5.1
4.8
.3
3.1
4.7

—1.6

7.1

5.3
.4
5.5
3.7

18

5.4
.3

6

45
4

7

96
86
11

4 0
21
20

.6

12

.7
5

2

3
5
6
9
9

49
4 2

.4

—2 4
-2.6

0
2
1
2
8
1

6

17
18
19
20
21

22

5 9

9 6
25
2 2

141

19
14

29
21

3
5

28
25

g

.9

.6

.0

.3

-1.0

-1.2

—.7

19

13

21

21

59

58

10.4

9.0

8.9
7.9

7.1
6.6

7.1
7.1

7.3
7.1

7.7
87

8.2
9.3

9.8

9.9

10 5

80

10 0
8 7

11 0
89

11 2
10 8

7 8
9 9

6 8
12 6

76
13 4

10 2
13 9

24.3

25.4

24.2

23.3

26.6

27.0

31.8

30.8

33.9

35.2

36.4

56.3

117.1

164.4

181.7

156.4

3.5
18.5

._

1.4

9 0

4.0
20.2

4.3
21.1

4.6
19.6

6.0
17.3

8.0
18.6

7.9
19.2

12.2
19.6

11.5
19.4

13 3
20.6

12 5
22.7

15 0
21.4

36 2
20 1

98 9
18 3

147 8
16 6

165 4
16 3

139 7
16 7

II

III

IV

19 18

I

7
8
9
10
11
12
13
14
15
16

38

4

19 17

3
4
5

13 5

0

22.0

Government purchases of goods and services

1

3
2
4
2

1949

1950

Line

2

0
1
9
2
9
6

1.5

_

Federal
State and local--

9.9
.4
3.5
3.6
.0

9.2
3.6
5.6
2.9
2.7
.2

5
3
9
4
2
8

11.8
10.3

Net exports of goods and services
Exports
Imports

7.4
6.6
5.1
4.9
.2

9.9
6.3
6.0
.3
-.6
-.4
-.2

4
7
6
1
7

Durable goods
Nondurable goods
Services

Fixed investment
N onresidential
Structures
Producers' durable equipment
Residential structures.
Non farm
Farm
•Change in business inventories. ._
Nonfarm
Farm _ _

I

309.0

309.6

314.5

317.1

207.0

207.4

207.3

208.5

23.6
107.0
72.8

24.3
108.9
73.7

24.5
109.3
73.6

26.2
107.9
73.3

26.1
107.9
74.6

26.2
109.0
75.5

51.3

Gross private domestic investment

IV

203.4
_ __

III

306.4

Gross National Product
Personal consumption expenditures

II

48.9

48.6

57.1

59.8

49.7
36.2
11.6
24.5
13.5
12.7

50.9
35.4
11.7
23.8
15.5
14.6

54.9
36.5
11.4
25.0
18.4
17.5

56.4
38.5
11.7
26.8
17.9
17.0

£1.2
36.9
11.8
25.1
14.3
13.4
..

.9
.1

11
— 1.0

.9
-.8
1.6

—2.3

.9

-2.3

-.2

-2.2

.9
2.2
3.1
—.9

II

1.0
3.4
2.8
.5

III

IV

I

322.9

325.8

328.7

324.5

210.7

211.1

212.8

213.2

26.6
108.1
76.4

26.2
109.7
76.9

60.9

61.3

56.2
37.5
12.2
25.3
18.7
17.7

55.6
37.5
12.6
24.9
18.0
17.0

1.0
4.7
3.5
1.2

1.0
5.8
4.6
1.2

II

III

IV

I

322. 5

326.1

323.3

339 6

348 5

362 8

370 1

216.3

216.8

219.7

223.5

227.6

238 8

232 1

25.7
110.3
77.2

28.0
110.5
77.7

29.4
109.8
77 6

30.5
111.4
77 9

31 7
112.6
79 2

32 1
113 9
81 6

40 0
116 0
82 7

35 4
113 5
83 6

59.7

52.3

45.0

48 6

46 0

59 1

66 3

70 8

81 0

55.3
38.5
12.8
25.8
16.8
15.7

52.7
36.7
12.5
24.2
16.0
15.0

51.3
35.1
12.2
22.9
16.2
15.2

51.1
33.4
11 6
21.8
17.7
16 7

52.5
32.7
11 3
21.4
19.8
18 7

55.6
33.6
11 9
21.7
22.0
21 0

64 8
39 9
13 0
26 9
24 8
23 9

63 4
40 0
13 6
26 4
23 5
22 6

—2.5
—1 5
— 1.0

-6.5
—6 0
— .5

60 2
36 5
12 3
24 2
23.7
22 8
10

50
10

17 6
16 4
1i

1.0
4.4
3.5
.9

1.0
—.5
.0
—.5

1.0
-6.3
—5 2
— 1.0

1.0

1.0

1.0
3.5
32

.3

6.0

54

.6

9
6.0

9

13.1

.

Government purchases of goods and services.
Federal
State and local

13.0

9.7

7.7

5.8

5.6

5.5

7.8

7.5

6.5

3.8

3.6

34

15

2 3

23.7
10.4

22.9

9.9

20.5
10.8

19.3
11.6

17.7
11.9

18.0
12.4

17.4
12.0

19.4
11.6

19.3
11.8

18.1
11.5

15.7
11.9

15.7
12.1

16 1
12.7

16 5
14 9

16 8
14.5

38.6

39.8

40.7

40.3

41.1

45.5

47.8

50.7

51.3

53.8

54.2

53.8

53.4

51.3

51.7

54.8

18.8
19.8

Exports
Imports

13.3

23.3
10.2

Net exports of goods and services. .

19.4
20.4

19.4
21.2

18.8
21.5

19.3
21.8

23.0
22.5

25.0
22.8

27.3
23.3

26.8
24.4

28.2
25 6

28.1
26 1

27.1
26 7

26.2
27.2

23 8
27 5

24.0
27 7

27.0
27 7

1956

1957

1958

19 59

Line

I
1
2
3

4
5
6
7
8
9

Durable goods
Nondurable goods
Services

445.6

444.5

450. 3

453.4

453.2

455.2

448.2

437 5

280.3

280.8

284.7

286.6

287.0

289.3

289.7

285.6

41.3
136.2
102.3

41.0
135.8
103.4

40.2
135.9
104.7

41.6
136.9
106.2

42.5
137.4
106.7

41.5
138.0
107.5

41.0
140.1
108.2

40.9
139.4
109.5

75.5

Gross private domestic investment

IV

279.8
. .

III

443.6

Gross National Product
Personal consumption expenditures

II

74.5

74.0

73.3

70.5

69.9

70.9

69.9
48.0
18.8
29.2
21.9
21.2

68.9
47.5
18.8
28.7
21.4
20.7

68.4
47.7
18.5
29.2
20.7
20.1

67.5
47.3
18.4
28.9
20.2
19.5

67.9
48.0
18.2
29.8
19.9
19.2

I

III

II

IV

I

II

I

III

IV

439 5

450 7

461.6

468.6

287.5

291.9

295.2

302.3

38.1
137.8
109 8

37.0
138.8
111.7

37.7
141.2
113 1

38.8
142.8
113 6

42.2
145.2
114.9

64.0

57.5

56.0

61.6

68.5

66.4
46.4
17.9
28.5
20.0
19.3

63.1
43.3
17.3
26.0
19.8
19 2

61.0
41.3
16 7
24.6
19.7
19 0

61.3
40.5
16 2
24.3
20.8
20 1

.3
-.6
.8

III

IV

479 9

475 0

480 4

307.0

310.0

310.1

44.3
146.5
116 2

45.1
147.4
117 5

43.2
148.4
118 4

70.9

78.5

70.2

75.0

64.2
41.4
16 1
25.2
22.8
22 2

67.1
42.2
15.7
26.5
24.8
24 2

69.6
44.3
16 2
28.1
25.4
24 7

68.8
44.9
16.4
28.5
23.9
23.3

.6

.6

69.7
45.1
16 6
28.4
24.7
24 1

4.3
3.5
.8

3.8
3.7
.1

8.9
8.9
.0

.5
.5
—.1

6.2
6.2
.0

II

12
13

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

69.3
46.5
17.7
28.8
22.9
22 2

69.9
47.3
18.6
28.7
22.6
21.9

.7

.7

.7

.7

.7

.7

.6

14
15
16

Change in business inventories
Nonfarm
Farm _

6.2
6.9
—.8

4.6
5.8

4.4
4.3
.2

2.1
2.0
.1

2.4
2.1
.3

3.0
2.4
.6

-2.5
-3.5

-1.2

4.1
4.6
—.5

-5.6
-6.5

—5.0
-5.8

17

Net exports of goods and services

3.2

5.0

5.3

6.7

7.3

7.0

6.0

4.6

2.5

2.5

2.4

1.3

—.1

-.7

.6

1.2

22.3
19.2

23.9
18.9

25.0
19.6

25.6
18.9

27.2
19.9

26.9
19.9

25.9
19.9

24.7
20.1

22.6
20.1

23.1
20.5

23.2
20.8

23.4
22.0

22.5
22.6

23.0
23.7

24.8
24.2

24.7
23.4

85.2

85.8

84.3

85.7

89.0

89.4

89.1

89.9

91.8

93.6

94.8

96.5

95.5

95.1

94.3

94.2

50.0
35.2

50.3
35.5

48.7
35.6

49.8
35.8

52.1
36.9

52.2
37.2

51.3
37.8

51.3
38.5

52.2
39.6

53.4
40/1

53.9
40.9

55.0
41.5

53.5
42.1

52.6
42.5

51.9
42.3

51.9
42.3

10
11

18
19
20
21

22

Exports
Imports -

.7

- - -

Government purchases of goods and services.
Federal
State and local

26



_

1.0

.6

.9

.6

.8

.6

6

.6

.6

and Seasonally Adjusted Quarterly Totals at Annual Bates, 1947-64
[Billions of 1958 dollars]

1946

1947

1948

1949

1951

1950

1952

1953

1954

1955

1956

1957

1959

1958

1960

1961

1962

1963

1964

312.6

309.9

323.7

324.1

355.3

383.4

395.1

412.8

407.0

438.0

446.1

452.5

447.3

475.9

478
8.

497.3

530.0

550.0

577.6

203.5

206.3

210.8

216.5

230.5

232.8

239.4

250.8

255.7

274.2

281.4

288.2

290.1

307.3

316.2

322.6

338.6

352.4

372.1

20.5
110.8
72.1

24.7
108.3
73.4

26.3
108.7
75.8

28.4
110. 5
77.6

34.7
114.0
81.8

31.5
116.5
84.8

30.8
120.8
87.8

35.3
124.4
91.1

35.4
125.5
94.8

43.2
131.7
99.3

41.0
136. 2
104.1

41.5
138.7
108.0

37.9
140.2
112.0

43.7
146.9
116.8

44.9
149.7
121.6

43.9
153.1
125.6

49.2
158.4
131.1

53.2
161.8
137.3

58.5
169.4
144. 2

52.3

51.5

60.4

48.0

69.3

70.0

60.5

61.2

59.4

75.4

74.3

68.8

60.9

73.6

72.4

69.0

79.4

82.3

86.3

42.3
30.2
12.5
17.7
12.1
11.3
.8
10.0
10.2
-.2

51.7
36.2
11.6
24.6
15.4
14.5
.9
-.2
1.4
-1.6

55.9
38.0
12.3
25.7
17.9
16.9
1.0
4.6
3,6
1.0

51.9
34.5
11.9
22.6
17.4
16.4
1.0
-3.9
-3.2
-.8

61.0
37.5
12.7
24.8
23.5
22.6
.9
8.3
7.5
.8

59.0
39.6
14.1
25.5
19.5
18.6
.9
10.9
9.9
1.0

57.2
38.3
13. 7
24.6
18.9
18.1
.9
3.3
2.5
.7

60.2
40.7
14.9
25.8
19.6
18.8
.8
.9
1.4
-.4

61.4
39.6
15.2
24.5
21.7
21.0
.8
-2.0
-2.6
.5

69.0
43.9
16.2
27.7
25.1
24.4
.7
6.4
6.0
.4

69.5
47.3
18.5
28.8
22.2
21.5
.7
4.8
5.4
-.6

67.6
47.4
18.2
29.1
20.2
19.5
.7
1.2
.7
.5

62.4
41.6
16.6
25.0
20.8
20.1
.6
-1.5
-2.3
.8

68.8
44.1
16.2
27.9
24.7
24.1
.6
4.8
4.8
.0

68.9
47.1
17.4
29.6
21.9
21.3
.6
3.5
3.2.2

67.0
45.5
17.4
28.1
21.6
21.0
.6
2.0
1.8
.2

73.4
49.7
17.9
31.7
23.8
23.2
.6
6.0
5.2
.7

76.6
51.9
18.0
33.8
24.7
24.1
.5
5.7
4.9
.8

81.7
57.1
18.9
38.3
24.6
24.0
.5
4.6
5.1
-.5

1
1
1
1
]
1
1

8.4

12.3

6.1

6.4

2.7

5.3

3.0

1.1

3.0

3.2

5.0

6.2

2.2

.3

4.3

5.1

4.5

5.6

8.5

1

19.6
11.2

22.6
10.3

18.1
12.0

18.1
11.7

16.3
13.6

19.3
14.1

18.2
15.2

17.8
16.7

18.8
15.8

20.9
17.7

24.2
19.1

26.2
19.9

23.1
20.9

23.8
23.5

27.3
23.0

28.0
22.9

30.0
25.5

32.2
26.5

36.5
27.9

1
1

48.4

39.9

46.3

53.3

52.8

75.4

92.1

99.8

88.9

85.2

85.3

89.3

94.2

94.7

94.9

100.5

107.5

109.8

110.7

2

30.1
18.4

19.1
20.8

23.7
22.7

27.6
25.7

25.3
27.5

47.4
27.9

63.8
28.4

70.0
29.7

56.8
32.1

50.7
34.4

49.7
35.6

51.7
37.6

53.6
40.6

52.5
42.2

51.4
43.5

54.6
45.9

60.0
47.5

59.7
50.0

57.8
52.8

2
2

1953

1952

1951
IV

I

III

II

IV

I

II

1954
III

IV

I

II

1955
III

IV

I

II

Line
III

IV

II

III

374.8

381.5

388.7

388.7

391.4

389.6

393.9

405.3

412.1

416.4

413.7

408.8

402.9

402.1

407.2

415.7

428.0

435.4

442.1

446.4

1

236.0

230.0

232.0

233.3

233.7

238.1

239.1

246.8

250.1

251.5

251.1

250.4

250.8

253.3

256.9

261.9

267.6

273.0

276.3

279.9

2

35.6
116.2
84.3

30.7
114.7
84.6

29.9
117.0
85.2

29.7
118.3
85.3

30.0
117.5
86.2

30.7
120.2
87.2

28.8
122.0
88.3

33.6
123.6
89.6

35.3
124.5
90.3

35. 3
125.0
91.3

35.2
124.1
91.8

35.3
123.9
91.2

33.9
124.6
92.4

34.9
124.1
94.3

35.3
125.7
95.9

37.3
127. 8
96.8

40.7
128.8
98.1

43.4
131.0
98.6

44.8
132.1
99.4

43.7
134.9
101.2

3
4
5

I

71.7

75.1

70.0

63.0

63.8

56.0

58.6

63.6

63.4

64.2

61.5

55.7

56.3

57.0

59.8

64.3

70.8

75.5

76.9

78.5

6

61.0
38.8
13.8
25.0
22.2
21.3
.9
10.7
9.7
1.0

59.1
39.8
14.4
25.4
19.3
18.4
.9
16.0
15.1
.9

58.4
40.3
14.4
26.0
18.1
17.2
.9
11.6
10.6
1.0

57.7
39.4
13.7
25.7
18.2
17.4
.9
5.4
4.3
1.0

58.1
39.5
13.6
26.0
18.6
17.7
.9
5.7
4.8
.9

58.5
39.6
13.6
26.1
18.9
18.0
.9
-2.5
-3.2
.8

54.4
35.7
13.6
22.1
18.7
17.8
.9
4.2
3.5
.7

57.9
38.4
14.0
24.3
19.5
18.7
.9
5.7
5.1
.6

60.3
40.4
14.5
25.9
19.9
19.0
.8
3.1
3.5
-.4

60.3
40.4
14.9
25.5
19.9
19.1
.8
3.8
4.4
-.6

60.3
41.1
15.0
26.1
19.3
18.5
.8
1.2
1.7
-.6

59.9
40.7
15.2
25.6
19.2
18.4
.8
-4.3
-4.1
-.2

59.2
39.5
15.3
24.2
19.7
18.9
.8
-2.9
-3. 1
.2

60.6
39.5
15.2
24.3
21.1
20.3
.8
-3.6
-4.0
.4

62.3
39.9
15.1
24.8
22.4
21.7
.8
-2.5
-3.1
.6

63.4
39.6
15.1
24.6
23.8
23.1
.7
.9
-.1
1.0

65.8
40.2
15.6
24.7
25. 6
24.9
.7
5.0
4.3
.7

68.8
43.0
15.9
27.1
25.8
25.1
.7
6.7
6.4
.3

70.5
45.4
16.5
28.9
25.1
24.4
.7
6.4
5.9
.4

71.0
47.1
17.0
30.1
23.9
23.2
.6
7.6
7.3
.3

7
8
9
10
11
12
13
14
15
16

2.7

4.8

6.8

6.8

6.0

3.8

1.6

.6

1.0

.8

1.1

1.5

1.8

3.0

3.3

4.0

4.1

2.7

3.1

2.8

17

17.3
14.6

19.0
14.3

20.3
13.5

20.6
13.8

20.4
14.4

18.2
14.4

16.9
15.3

17.3
16.7

17.3
16.3

17.8
17.0

18.2
17.0

18.0
16.5

17.2
15.5

19.3
16.3

18.9
15.5

19.9
15.9

20.7
16.5

20.1
17.4

21.2
18.1

21.5
18.7

18
19

64.4

71.7

79.9

85.6

87.8

91.7

94.6

94.4

97.7

99.9

100.0

94.1

88.8

87.2

85.4

85.5

84.2

85.8

85.1

20

36.6
27.7

43.9
27.8

51.8
28.0

57.5
28.1

59.8
28.1

63.1
28.6

66.6
28.0

65.6
28.8

68.4
29.2

70.7
29.1

70.0
29.9

62.6
31.4

57.1
31.6

54.6
32.6

52.7
32.7

51.5
34.0

49.9
34.4

51.3
34.5

50.3
34.8

21
22

I

II

III

IV

I

II

70.8
30.5

1962

1961

1960

101.3

III

IV

I

II

1963
III

IV

I

II

1964
III

IV

I

II

Line
III

IV

490.2

489.8

487.4

483.8

482.7

492.9

501.6

511.9

519.7

527.9

533.6

538.5

541.2

544.9

553.7

560.0

567.1

575.9

582.6

584.7

1

313.9

317.8

316.5

316.5

316.3

320.5

324.0

329.6

333.5

335.9

340.3

344.8

348.3

350.0

355.1

356.4

364.5

369.8

377.3

376.8

2

45.4
148.8
119.6

45.6
150.7
121.4

45.0
149.5
122.0

43.5
149.6
123.3

41.7
150.9
123.7

43.2
152.4
124.9

44.5
153.3
126.1

46.3
155.8
127.5

48.1
156.6
128.8

48.1
157.8
130.1

49.7
158.9
131.8

50.8
160.2
133.8

52.0
161.0
135.3

52.3
161.2
136.5

54.1
163.0
138.0

54.7
162.1
139.6

57.0
166.4
141.1

58.7
167.8
143. 3

60.2
171.6
145.5

57.9
171.8
147.1

3
4
5

79.9

73.5

71.0

65.2

62.4

67.8

71.2

74.7

77.2

79.0

80.6

80.7

78.7

80.5

83.0

86.9

83.8

85.2

86.0

90.2

6

70.2
46.6
17.6
29.0
23.7
23.1
.6

69.7
47.6
17.2
30.5
22.0
21.5
.6

68.1
47.0
17.1
29.9
21.0
20.5
.6

67.8
47.0
17.8
29.2
20.7
20.2
.6

65.8
44.9
17.6
27.3
20.9
20.3
.6

65.7
44.6
17.4
27.2
21.1
20.5
.6

67.4
45.7
17.4
28.3
21.6
21.1
•6

69.2
46.6
17.3
29.4
22.6
22.0
.6

70.7
47.6
17.3
30.3
23.1
22.5
.6

73.1
49.3
18.0
31.3
23.8
23.3
.6

75.3
51.1
18.3
32.8
24.2
23.7
.6

74.5
50.7
18.1
32.6
23.8
23.3
•6

74.2
50.0
17.6
32.4
24.2
23.6
.6

75.8
51.2
17.6
33.5
24.6
24.1
.6

77.2
52.6
18.3
34.3
24.6
24.0
.5

79.0
53.7
18.6
35.1
25.3
24.8
.5

80.7
55.1
18.7
36.4
25.7
25.1
.5

80.7
55.7
18.9
36.8
25.0
24.4
.5

82.2
58.1
18.8
39.3
24.1
23.6
.5

83.1
59.6
19.0
40.6
23.6
23.0
.5

7
8
9
10
11
12
13

9.6
9.7
—.1

3.8
3.6
.2

3.0
2.6
.4

-2.6
-3.0
.4

-3.4
-3.6
.2

2.1
1.8
.2

3.8
3.5
.3

5.5
5.3
.1

6.5
6.0
.4

5.9
5.3
.5

5.3
4.4
.9

6.2
5.1
1.1

4.4
3.7
.7

4.6
4.1
.5

5.8
5.2
.6

7.9
6.7
1.2

3.0
3.3
-.3

4.5
5.3
-.9

3.8
4.4
-.7

7.1
7.3
-.3

14
15
16

2.6

3.9

4.5

6.2

6.4

5.0

4.4

4.7

3.5

5.2

4.9

4.4

4.0

5.8

5.5

7.1

9.0

8.1

8.7

8.3

17

28.0
23.6

28.6
23.9

28.5
25.0

30.7
25.5

30.5
25.6

30.3
25.9

29.6
25.7

32.2
26.4

32.5
27.0

34.3
27.2

36.0
27.0

35.7
27.6

36.8
28.1

37.13
29. d

18
19

109.6

109.9

112.8

110.5

109.4

20

68.7
50.8

58.2
51.7

59.9
52.9

57.1
53.4

56.1
53.3

21
22

26.2
23.5

27.5
23.6

27.4
22.9

28. 0
21.8

28.3
21.9

27.2
22.1

93.9

94.7

95.4

95.9

97.6

99.5

102.0

102.9

105.5

107.8

107.8

108.5

51.2
42.6

51.0
43.7

51.8
43.6

51.8
44.1

52.2
45.4

54.2
45.3

55.9
46.1

55.9
47.0

58.6
46.9

60.7
47.1

60.2
47.6

60.6
48.0




110.3

61.3
49.1

108.7

59.2
49.5

110.0

59.7
50.3

27

CURRENT BUSINESS STATISTICS

JL HE STATISTICS here update series published in the 1963 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 1959 through 1962 (1951-62, 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 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
1962

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

| 1963 J 1964

1962
II

Annual total

Data from private sources are provided

1963

III | IV

I

II

|

1964
III | IV

I

II

1965

| III

IV

I

II

Seasonally adjusted quarterly totals at annual rates

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

Jbil. $ _

Compensation of employees, total

do _

Wages and salaries total
- do__
Private
do
Military
do
Government civilian
_ do
Supplements to wages and salaries
do
Proprietors' income, totalcf 1 _
_..,do
Business and professional^
- 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.
Dividends
.
Undistributed profits
Inventory valuation adjustment
Net interest

_.

Gross national product, totalf

-

do
do
do__
.do
„ .... do
__ do
do_.__

T

457. 7 ' 481. 1

r 514. 4

r

456. 0 ' 460. 4 ' 465. 6 «- 470. 4

f 476. 7

r

484. 6 f 492. 6

r 501. 6

r

510. 5

»• 519. 5

r

526. 3

r

541. 4 v 550 4

323.6

341.0

365.3

322.9

325.7

328.8

333.6

338.0

343.0

349.5

355.1

361.9

369 0

375 4

383 1

388 7

296.1
240.1
10.8
45.2
27.5
50.1
37.1
13.0
16 7

311.2
251.6
10.8
48.8
29.8
50.8
37.8
13.0
17.6

333.5
269.2
11.7
52.6
31.8
51.1
39.1
12.0
18.2

295.6
240.0
11.0
44.6
27.4
50.4
37.1
13.3
16.5

297.9
241.8
10.6
45.4
27.8
49.9
37.2
12.7
16.8

300.6
243.5
10.3
46.8
28.2
49.8
37.3
12.6
17 2

304.5
246.3
10.5
47.7
29.0
50.7
37.5
13.2
17 1

308.4
249.4
10.6
48.4
29.6
50.5
37.6
12.9
17 4

312.9
253.2
10.7
49.1
30.1
50.9
37 9
13.0
17 7

318.8
257.4
11.6
49.9
30,7
51.0
38 0
13.0
18 0

324 2
261.6
11.6
51 0
30 8
50.4
11 9
17 9

330 4
266.9
11.6
51 9
31.5
51.0
39 0
12.0
18 1

336 8
271.7
11.7
53 3
32 2
51.4
39 4
12 0
18 3

342 6
276 5
11.9
54 3
32 7
51.8
39 6
12 2
18 5

34° 8
282 9
11 8
55 0
33 4
51.9
39 9
12 0
18 5

355 0
287 3
11 8
55 9
33 8
54.6
40 1
14 5
18 6

55.7

58.1

64.5

54.9

56.1

57.4

56.3

57.6

59 1

59.6

63.6

64.5

65 5

64 9

71 7

v 72 1

55 4
24 2
31 2
15.2
16.0
3

58.6
26.0
32.6
15.8
16.8
—.4

64.8
27 6
37.2
17.2
19.9
-.3

54.8
23.9
30.9
15.0
15.9
.0

56.0
24 4
31.5
15.3
16.2
.1

56.5
24 7
31 8
15.6
16.3
9

56.1
24 9
31 2
15.6
15.6
2

58.5
26 0
32 6
15.7
16.8
— 9

58 9
26 1
32 8
15 8
17.0
2

60 8
27 0
33 8
16 1
17,7
—1 2

64 0
27 3
36 7
16 7
20.0
— 4

64 5
27 5
37 0
17 1
19.9
0

65 3
27 8
37 5
17 4
20.1
2

65 9
28 1
37 8
17 7
20.0
—10

73 1
29 1
44 0
17 8
26.2
—1 4

p 73 8
* 29 4
J» 44 4
v 18 2
P 26.2
17

15 2

11.3

11 8

12 4

12 7

13 2

13 9

14 5

14 5

15 0

15 4

15 7

564 4 r 572 0 r 577 o

r 583 1

r 593 i

r 603 6

r 614 0

r 624 2

r 634 8

r 641 1

13.6

11 6

do

'560 3

Personal consumption expenditures, total. ..do

355.1

r

589. 2

373.8

r

628 7 ' 557. 2
398.9

r

OO

K

16 1
f

656 4

357.2

363.0

368.0

371.1

376.6

379.5

389.1

396.0

404.6

405.9

416.9

Durable goods, total ©
_..do
48 5
53 4
58 7
50 1
49 5
Automobiles and parts
__:
do_.._
24.3
25.8
21.6
22! 3
22.0
Furniture and household equipment. —do
21.9
24.7
20.7
20.5
20.0
Nondurable goods, total©..
do__
162.6
168 0
177 5
161 6
163 2
29 6
Clothing and shoes
do
29 4
30 5
33 3
29 7
Food and alcoholic beverages
...do
85.7
85.2
88.2
92.3
86.2
Gasoline and oil _ _
do
12 9
12 7
13 5
14 0
12 9
Services, total ©
do
143 0
152 3
162 6
141 6
144 0
Household operation.. _
do
22 0
23 1
21 7
24 4
22 2
Housing
do
52 0
55 5
51 3
59 5
52 6
Transportation
do
11 0
11 7
11 4
11 0
11 0
Gross private domestic investment, total
do
83.0
92.9
86.9
82.8
84.3
Fixed investment
_
do
77 0
81 2
88 1
76 7
79 2
Nonresidp.ntial
do
51 7
51 3
54 3
60 5
53 1
Structures- _
__ _
do
19 2
19 7
19 2
21 1
19 7
Producers' durable equipment
do
32.5
32 1
39 4
34 6
33 5
Residential structures
_ _ _ do
25 3
25 4
26 9
27 5
26 0
Nonfarm
do
24 8
24 8
27 0
26 3
25 4
Change in business inventories.
do
6.0
4.8
6.1
5.2
5.7
Nonfarm
._._
. . . do-53
54
49
56
43
Net exports of goods and services..
do__
51
59
54
86
57
Exports..
..
do
30 3
32 4
37 0
30 9
30 6
25 l
Imports .
.-,_• . _
do
26 4
25 2
25 °
28 5
Govt. purchases of goods and services, total._do
117.1
122.6
128.4
117.4
117.0
Federal
_ _
_
do
63 4
64 4
64 0
63 3
65 3
National defense
. do__
51 6
50 8
49 9
53 0
51 3
State and local
. _ do
53 7
58 3
53 1
54 1
63 1
By major type of product: f
Final sales, total
do
554.3 583.5
623.9
551. 1 559.2
Goods, total
do
278 5
291 1 311 3
281 1
276 6
Durable goods
_
__do
106.2
113.1 122.8
105.5
107.9
Nondurable goods
.do
172.2
178. 1 188.4
173.2
171.1
Services
do_.
213 3
226 9
2*4: 0
212 1 214 6
Structures
do
62 6
65 5
62 4
68 6
63 6
Inventory change, total
do
5.7
5.2
6.0
4.8
6.1
Durable goods
___. "do.
28
28
29
33
28
Nondurable goods......
do...
3.2
2'. 9
L5
2*. 3
3*.3
r
Revised. *> Preliminary. fRevised series. Estimates of national income and product
and personal income have been revised back to 1929 (descriptive material and earlier data
appear on p. 6 ff. and p. 24 ff., respectively, of the Aug. 1965 SURVEY); revisions prior to June

51 1
23.0
21.0
165 3
30 2
86.7
13 4
146 7
22 4
53 6
11 2
84.7
78 3
52 7
19 5
33 2
25 6
25 0
6.4
53
4 9
30 5
25 5
119.3
64 4
50 9
55 0

52 2
23.6
21.4
166 6
30 3
87.5
13 3

52 6
23.9
21.4
167 4
30 2
88.1
13 4
m i
22 8
55 3
11 4
84.8
80 1

54 1
24.6
22.1
169 2
31 1
88.5
13 5

54 9
24.9
22.7
168 9
30 6
88.7
13 7

57 4
25.5
23.9
173 7
32 3
90.6
14 0

59 1
25.7
25.1
175 7
qq 9

60 5
27.1
25.0
179 8

91.3
13 9

93.3
14 0

57 9
24.8
24.8
180 9
"R4 n
94.1
!
14 2

63 9
29.7
25.3
183 0
34 3
94.9
14 2

1 cq q

23 3
56 5
11 5
92.4

94 4

94 8

94 8

24 9

ec c

23 6
57 5
11* 7
89.7
86 5
CO -I

20 5
36 0
27 g

20 7
37 5
28 4
97 8

21 1
37 9
27 9

97 ^

9fi fi

3.3
36
88

4.1
51
7 7

3.8
4fi
88
q7 q

665 9

1 cc 7

23 5
55 7
11 4
87.9
82 1
55 1
20* 0
35 1
26 9
26 4
5.8
52
57

16 4
r

351.7

149 2

22 g
54 5
11 3
82.6
78 1
en -I

Cq A

19 0
33 1
26 0
25 4.
4.5
38
45

19 2
34 2
26 7
26 1
4.7
4 2
6 2
A

qo a

25 6
121.9
65 4
51 5
56 5

26 2
120.9
63 6
50 5
57 4

26 9
123.0
64 2
51 0
58 8

qr» n

q9

84. °.

97 3

8.1
69
73
9,4. A
27 i

124.3
64 4
50 3
59 9

°.fi q

27 5
126.3
65 0
49 8
61 3

CO

qq o

(\t A

0

n

an n

11 7
90.9

o

11 9

12 0

92.6

97.7

on Q

88 8

QA

9

(>r>

f

91 1

91

^

40 5
07 2

42 0
26 7

102.4
93 7
fifi n
21 8
44 2
27 7
27 1
8.7
93
6 2
34 8
28* 6
130.9
64 9
48 9
66 0

CO Q

qo o
90 9

129.7
67 0
51 7
fi9 7

98 ^

128.7
fid Q

49 5
ao o

9fi 9

7.5

7 8

89

qo A
9Q

K

128.6
64 3
48 8
fi4 ^




«q 7

28.9
25.6
1R7 fi
qe Q

97.2
14 7
c)K

q

A4 O
19 1

101.1
Q4 4
99 7

43 7
28 0
97

*\

6.7
7 1
7 5

qn o
09

0

132.9
65 9
49 4
R7 n

572.5
587.3 595.5
565.6
578.4
610.7
620.1 631.0
633.6 647.6
659.2
qno q
qi K Q
qqr» c
qrc /•)
q9q o
qrwi Q
9QK q
9Q9 Q
283 8
287 2
^89 2
108.1
109.8
114.3
130.9
112.0
116.2
124.3
132.3
120.1
121.6
125.4
177.4
175.6
177.2
179.1
184.9
178.6
191.5
192.9
186.8
198.2
190.6
257 8
232 1 237 3 242 8
218 5 222 1 225 1 228 2
254 2
249 7
246 4
CO -I
CO K
fi4 1
fifi 9 CO f)
fi8 R
fiQ n
fiQ fi
63 4
63 2
W Q
4.5
6.4
4.7
5.8
8:7
3.3
4.1
3.8
7.5
6.7
8.1
17
20
34
2 3
22
71
38
35
27
44
6 2
2*. 5
4! 7
L6
.5
L*4
3*5
3.1
4*. 3
LI
LI
.*6
1964 for personal income appear on pp. 54-56 of the Aug. 1965 SURVEY. (^Includes inventory
valuation adjustment. ©Includes data not shown separarely.

s-1
781-756 O - 65 - 5

424.4

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS

1962 J 1963

| 1964

1962

III

Annual total

August 1965
1964

1963

IV

I

II

III

IV

II

I

1965

III

. IV

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
.|
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1958) dollars
Gross national product, totalf
_______bil. $__ «• 530. 0 ' 550. 0 ' 577. 6 ' 533. 6 ' 538. 5 r 541. 2

* 544. 9

r 553. 7

r 560. 0

338. 6

352.4

372.1

340.3

344.8

348.3

350.0

355. 1

356.4

364. 5

369.8

377.3

376.8

385.9

390.2

do
do
--do

49.2
158.4
131. 1

53.2
161.8
137.3

58.5
169.4
144.2

49.7
158.9
131.8

50.8
160.2
133.8

52.0
161.0
135. 3

52.3
161.2
136.5

54.1
163.0
138.0

54.7
162.1
139.6.

57.0
166.4
141. 1

58.7
167.8
143.3

60.2
171.6
145.5

57.9
171.8
147.1

63.7
173.4
148. 8

63.5
176.2
150.5

do
do
do
do
do
do

79.4
73.4
49.7
23.8
6.0
4.5

82.3
76.6
.51.9
24.7
5.7
5.6

86.3
81.7
57.1
24.6
4.6
8.5

80.6
75.3
51.1
24.2
5.3
4.9

80.7
74.5
50.7
23.8
6.2
4.4

78.7
74.2
50.0
24.2
4.4
4.0

80.5
75.8
51.2
24.6
4.6
5.8

83.0
77.2
52.6
24.6
5.8
5.5

83.8
80.7
55.1
25.7
3.0
9.0

85.2
80.7
55.7
25.0
4.5
8.1

86.0
82.2
58.1
24.1
3.8
8.7

90.2
83.1
59.6
23.6
7.1
8.3

94.7
86.2
61.9
24.3
8.6
6.0

93.0
86.5
62.0
24.5
6.5
6.7

Qovt. purchases of goods and services, total-do
Federal
do
State and local
do

107.5
60.0
47.5

109.8
59.7
50.0

110.7
57.8
52.8

107.8
60.2
47.6

108.5
60.6
48.0

110.3
61.3
49.1

108.7
59.2
49.5

110. 0
59.7
50.3

109.6
58.7
50.8

109. 9
58. 2
51. 7

112.8
59.9
52.9

110.5
57.1
53.4

109.4
56.1
53.3

110.9
56.4
54.5

111.5
56.8
54.7

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rotes
Personal income total
bil $
Less: 5Personal tax and nontax payments
do
Fcfiifili !: Disposable personal income
do
Less: Personal outlays 0
do
Equals: Personal saving §
do

442.6
57.4
385.3
363.7
21.6

464. 8
60.9
403.8
383.4
20.4

495.0
59.2
435.8
409.5
26.3

445.0
58.1
386.9
365.9
20.9

450.3
59.5
390.8
371.9
18.9

456.1
60.4
395.7
377.1
18.5

460.1
60.6
399.4
380.5
18.9

467.1
61.0
406.1
386.3
19.8

475. 6
61.6
414.0
389. 5
24. 4

483. 0
60. 4
422. 6
399. 3
23. 3

490.6
56. 9
433.6
406.3
27.3

499.1
58.8
440.3
415.3
25.0

507.1
60.7
446.4
416.9
29.5

516.6
64.8
451.9
428.1
23.8

524.9
66.0
458.9
436.0
23.0

11.09

9.40

11.11

11.54

12.84

10.79

4.67
2.37
2.30

5.59
2. 83
2.76

4.54
2.25
2.28

5.40
2.67
2.73

5.57
2.77
2.80

.29
.39
.58
1.32
1.08
2.59

.34
.41
.78
1.66

.34
.39
.60
1.82

34.04

34.19

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

.

.

Gross private domestic investment total
Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services

' 567. 1 * 575. 9 ' 582. 6 ' 584. 7 «• 597. 5

86.9
79.0
53.7
25.3 .
7.9 •
7.1

«• 601. 4

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadiusted quarterly or annual totals:
All industries

37.31

39.22

44.90

9.62

10.18

8.25

9.74

10.14

15.69
7.85
7.84

18.58
9.43
9.16

3.72
1.79
1.93

4.13
2.03
2.10

3.27
1.62
1.65

3.92
1.96
1.95

3.95
1.96
1.99

4.56
2.31
2.25

3.79
1.93
1.87

4.53
2.30
2.23

1.04
1.10
1.92
5.65
3.79
10.03

1.19
1.41
2.38
6.22
4.30
10.83

.28
.24
.50
1.54
.87
2.48

.27
.20
.50
1.52
.95
2.60

.24
.21
.39
1.04
.85
2.26

.26
.28
.54
1.40
.95
2.41

.27
.29
.45
1.60
.93
2.64

.28
.33
.54
1.61
1.06
2.72

.26
.32
.51
1.18
.97
2.37

.29
.36
.63
1.58
•1.10
2.61

.30
.37
.59
1.71
1.06
2.84

.33
.35
.64
1.76
1.17
3.01

do

38.35

37.95

36.95

38.05

40.00

41. 20

42.55

43.50

45.65

47.75

49.00

149.60

2 50. 80

do
do

15.05
7.25
7.80

15.00
7.30
7.70

14.85
7.35
7.50

15.30
7.65
7.65

15.95
8.00
8.00

16. 45
8.30
8.15

17.40
8.85
8.55

17.80
9.00
8.80

18. 85
9.60
9.20

20.15
10.15
10.00

20.75
10.40
10. 40

21.25
10.45
10.85

22.35
11.20
11.20

1.10
1.00
2.00
5.75
3.60
9.85

1.00
.80
1.90
5.45
3.60
10.20

1.05
.90
1.70
5.20
3.55
9.65

1.00
1.00
2.05
5.45
3.65
9.65

1.05
1.20
1.85
5.90
3.85
10.20

1.05
1.35
2.10
5.80
4.05
10.45

1.15
1.40
2.30
5.95
4.05
10. 25

1.15
1.25
2.25
6.30
4. 30
10.45

1.20
1.50
2.40
6.30
4.40
11.00

1.30
1.55
2.60
6.35
4.40
11.40

1.25
1.75
2.55
6.80
4.55
11. 30

1.30
1.45
2.75
6.60

1.35
1.50
2.50
6.60

316.20

3 16. 50

4,800

4,815

4,825

4,835

4,850

4,860

4,875

4,895

4,910

4,930

bil. $

Manufacturing..
.
Durable goods Industries
.___
Nondurable goods industries.

do
do
do

14.68
7.03
7.65

Mining _
Railroads
Transportation, other than rail__
Public utilities .
CfvmTrmri1w,tinTip
Commercial and other

do
do
do.
do
do
do

1.08
.85
2.07
5.48
3.63
9.52

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries

Mining
do
Railroads
do
Transportation other than rail
do
Public utilities '
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adfhniiQ

44,755

* 4, 797

33, 585

il1Sf"Pf1^

36,280

40,018

8, 443

8,610

8,803

9,595

8,619

9,263

9,380

9,691

9,997

10,950

1 12. 63 212.92

9,730

U.S. BALANCE OF INTERNATIONAL
PAYMENTScft
Quarterly Data are Seasonally Adjusted
Imports :
Merchandise
^Military expenditures
Other services-

do
do
»_ __do_

16, 173
3,078
5,878

16, 992
2,929
6,515

18, 619
2,824
7,014

4,097
752
1,454

4,053
801
1,528

4,058
755
1,576

4,219
738
1,594

4,343
721
1,653

4,372
715
1,692

4,410
732
1,736

4,599
720
1,742

4,709
691
1,736

4,901
681
1,800

4,663
664
1,824

Remittances and pensions—
Qovt. grants and capital outflows

do
_ _ _ _do

738
4,293

837
4, 551

839
4,260

176
1,073

192
1,079

216
1,104

212
1,294

201
1,019

208
1,134

209
966

203
1,083

207
1,085

220
1,126

221
959

3, 425
1, 654
1, 227
544

4,456
1,976
1,695
785

6,462
2,376
1,975
2,111

891
436
217
238

957
514
314
129

1,094
626
562
-94

1,538
466
586
486

682
266
319
97

1,142
618
228
296

1,327
464
274
589

1,344
540
256
548

1,569
551
612
406

2, 222
821
833
568

1,399
1,003
684
-288

32, 579

34, Oil

38,381

8,436

8,371

7,764

8,563

8,677

9,007

9,411

9,261

9,695

10, 014

9,156

20, 604
do
...do.. .. 9,674

22, 069
10, 284

5,293
25, 288
11, 729 • 2,362

5,037
2,581

4,993
2,510

5,494
2,615

5,622
2,516

5,960
2,643

6,149
2,935

6,067
2,924

6,382
2,953

6,690
2,917

5,589
3,111

183
78

194
260

404
135

189
215

213
114

193
77

190
170

101
306

173
283

-574
-94

U.S. private capital (net)
Direct investments
Long-term portfolio.
Short-term

do
do
„_
_do__ ~
_______do
...

_

U.S. receipts recorded
Exports:
Merchandise
Services and military sales.

do

970
688

697
667

606
175

287
466

-1,006 -2,269
-1,197 -401

-1,637
-1,161

-7
-426

-239
-472

-1,039 -1,032
-76
-160

58
-268

-256
103

31
-288.

-430
-152

-302
-291

-936
-430

Total, net receipts or payments (— )
do
-433
-711
-2, 203 -2,670 -2,798
Net receipts or payments (-), inel. transactions in
nonmarketable, medium-term convertible Govt.
securities
__.mil. $__
-1,967 -2,423
r
Revised.
v Preliminary.
1
Estimates for Apr.-June 1965 based on anticipate capital expendi bures of I usiness.
d
2
Estimates for July- Sept. 1965 based on anticir>ated cai)ital exp enditures of business.
Anticipated expenditures for the year 1965 are as f ollows (i n bil. $) All ind ustries, ^)0.40;
manufacturing, total, 21.78; durable goods industri es, 10.89 nondur able goo ds industries,
10.89; mining, 1.32; railroads, 1.63; transportation, 2 64; pubh c utilitie s, 6.67; cc>mmercia 1 and
other (incl. communications), 16.36. s Includes commundcations. ^Unad justed, Data
represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963, is based on in<jomplete data.

1 100 -1,108

01 n

-153

9K7

coo

593

-1,366

Repayments on U.S. Govt.loans
do—.
Foreign capital other than liquid funds (net). do
Excess of recorded receipts or payments (— )_._do
Unrecorded transactions (net).___
„
do




1,280
1,021

5,473

6,743

298

-617
-257
-460
-390 -1,316
-128
-849
-955
-35
<
fSee corresponding no te on p. S-l (revi sions for qtrs. pri or to 3d citr. 1962 ippearonp. 24 ff.
of the August 1965 Su RVE Y) .
0Pe rsonal 01itlays coinprise pe rsonal co nsumpti onexpen ditures, Lnterest p lid by consumers,
and p ersonal t ransfer p aymente? to foreigners.
§Pei*sonal sa^ring is excess of di sposable income c>ver pers<mal outl iys.
c?Ad !ore com plete de tails are given ini the qu arterly r eviews in the IVlar., June, Sept.,
and I)ec. issues of the £ URVEY.
JRe vised da ta for 1960-61 appear on p. 10 of the June 19 34 SUEVI Y.

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