View PDF

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

i lew

f I lationat Jsncome, 194-6-57
IEW and revised estimates of United States national income and product are presented
here for the postwar period. This report is an interim one, furnishing key annual, quarterly, and monthly statistics pending the availability of detailed information in a comprehensive bulletin now in preparation.
The tables which follow are intended for use in conjunction with the 1954 National Income supplement. The annual series included are shown for convenience back to 1929.
Quarterly national income and product and monthly personal income are given on a revised
basis for the entire period from 1946 to 1957. Extensions of these less-than-annual measures
into 1958 may be found on page S-l of this issue of the SURVEY OF CURRENT BUSINESS.
The revisions of the national income and product estimates stemmed from a major statistical review occasioned principally by the availability of tabulations from the 1954 Census
of Manufactures and Census of Business. These sources have been utilized to prepare new
benchmarks for consumer commodities and producers' durable equipment, and they also
yielded requisite basic data for numerous individual series of consumer expenditures for
services.
At the same time, the opportunity was taken to incorporate numerous other data sources
which had become available since the last major revision 4 years ago, and to carry through
desired improvements in estimating techniques. All of the many income and product components were carefully reexamined, and alterations were made wherever there was felt to be
an appreciable need.
As a result of this reworking of the statistical series, the estimated current levels of
ross national product, national income, and personal income have been raised moderately,
or example, the new estimate of GNP for 1957, $440 billion, exceeds the previous figure
by about $6 billion, or somewhat more than 1 percent. This increase in level, it should be
noted, dates largely from 1955, with the revisions serving to accentuate the picture of strong
economic recovery already shown for that year. The 1955-57 expansion in GNP, as well
as in the income flow, recorded by the revised figures is closely similar to that previously
measured.
The new national income bulletin, in presenting the complete set of revised data for
the postwar period, will feature a reorganization and expansion of the statistical tables in
which the estimates have been presented for more than a decade. The text of the volume
will consist of an analysis of the American economy as viewed through the national income
accounts, a discussion of the development of the accounts over the past quarter century and
of the needed directions of future research, and a review and evaluation of the statistical
basis of the estimates.
The forthcoming document, a special supplement to the SURVEY OF CURRENT BUSINESS,
marks a third major advance in the official national income work during the postwar period.
It follows the basic recasting and expansion of the estimates in 1947 and the provision of
full explanations of concepts and methods in 1951 (with an updating in 1954).
The new report will not replace the 1954 National Income supplement. The latter will
remain the basic reference source for descriptions of the technical bases of the income and
product estimates, as well as for numerous statistical tables for the period 1929-45.
Notice of the publication date and price of the bulletin will appear in the SURVEY.

f




SURVEY OF CUEEENT BUSINESS

July 1958
Table 1.—National Income by

[Millions of dollars]
1929

Line

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

87, 814

75, 729

59, 708

42, 547

40, 159

48, 959

57, 057

64,911

73, 618

67,581

72, 753

2

Compensation of employees

51, 085

46, 844

39, 740

31, 054

29, 539

34, 295

37, 340

42, 910

47, 934

41,994

48, 108

3

Wages and salaries

50, 423

46, 187

39, 119

30, 477

28, 997

33, 705

36, 690

41, 920

46, 107

42, 976

45, 941

45, 485
308
4,630

41, 033
311
4,843

33, 861
304
4,954

25, 511
292
4,674

23, 855
267
4,875

27, 629
268
5,808

30, 189
303
6,198

- 34,054
334
7,532

38, 614

34, 752

37, 742

354

365

388

7,139

7, 859

7,811

662

657

621

577

542

590

650

990

1,827

2,018

2,167

101
561

106
551

111
510

126
451

133
409

147
443

171
479

418
572

1,234

1,423

1,540"

593

595

627

14, 759

11,540

8,734

5,316

5,599

7,010

10,387

10,482

12,691

11, 128

11,610

8,791

7,410

5,581

3,384

3, 166

4,564

5 351

6,530

7,073

6,793

7,293

8,649
142

6,655
755

4,970
611

3,089
295

3,691
—525

4,618
—54

5,401
-50

6,650

7,102

6,572

-29

221

7,459
-166
4,317

1

4
5
6
7

National Income

Private
Military
Government civilian

_

Supplements to wages and salaries

_.

8
9

Employer contributions for social insurance
Other labor income. -- .

10

Income of unincorporated enterprises and inventory valuation
adjustment.

11
12
13
14

Business and professional
Income of unincorporated enterprises.
Inventory valuation adjustment

_.

— 120

5,968

4,130

3,153

1,932

2,433

2,446

5, 036

3,952

5,618

4,335

5,425

4,778

3,761

2,713

1,971

1,694

1,661

1,776

2,081

2,560

2,742

.

10, 100

6,582

1,634

-1,970

-1,992

1,091

2,918

5,002

6,204

4,263

5,689

.

Farm

15

Rental income of persons.

- - -

16

Corporate profits and inventory valuation adjustment

9,628

3,322

-780

-3, 017

151

1,716

3,145

5, 740

6,235

3,300

6,403

18
19

Corporate profits tax liability
Corporate profit^ after tax

1,369
8 259

842
2 480

498
— 1 278

385
—3 402

521
—370

744
972

951
2 194

1 409
4 331

1,502
4 733

1,029
2 271

1,441
4 962

20
21

Dividends
Undistributed profits

5,813
2 446

5,490
—3 010

4,088
— 5 366

2, 565
5 967

2, 056
—2 426

2,587
— 1 615

2,863
—669

4, 548
—217

4, 685

3, 187
—916

3,788
1, 174

472

3,260

2,414

1,047

-2, 143

-625

-227

-738

-31

963

-714

6,445

5,985

5, 839

5,434

5,042

4,869

4,751

4,741

4,708

4,636

4,604

17

22
23

Corporate profits before tax .. ...

Inventory valuation adjustment

... . _

_.

Net interest

48

Table 2.—Gross National Product
[Millions of dollars]

Line

8
9

1933

1934

1935

1936

91, 105

76, 271

58, 466

55, 964

64, 975

72, 502

70, 968

61, 333

49, 306

46, 392

51,894

56, 289

9,212
37, 677
32, 063

7, 155
34, 010
29,803

5,485
28, 946
26, 902

3,646
22, 758
22,902

3,469
22, 251
20, 672

4,213
26, 656
21, 025

5, 111
29, 319
21, 859

16, 231

10, 265

5,523

913

1,391

2,888

8,707

6,183

3,968

1,876

1,431

1,709

3,625
5,082

Personal consumption expenditures

7

1932

78, 952

Gross national product

6

1931

104, 436

]
2
3
4
5

1930

2 075
4,108

1,565
2,403

630

470
961

625

1,246

1,084

1929

Durable goods .
Nondurable goods
Services _

.

_

Gross private domestic investment .
New construction
Residential nonfarm
Other

1939

1937

1938

82, 743

90, 780

85, 227

91, 095

62, 616

67, 259

64, 641

67, 578

6,304
32,836
23, 476

6,925
35, 185
25, 149

5,686
33, 985
24, 970

6,670
35, 131
25, 777

6,277

8,404

11,747

6,661

9.309

2,299

3,281

4,403

3,960

4,757

1 010
1,289

1,565
1,716

1,875
2,528

1 990
1,970

2, 680
2,077
4, 180

10

Producers' durable equipment

5,850

4,465

2,839

1,593

1,589

2 304

3 066

4 169

5,095

3 644

11

Change in business inventories

1,674

-383

— 1, 284

— 2,556

— 1, 629

— 1, 125

912

954

2,249

—943

372

1,836
-162

— 83
-300

— 1 608

— 2 590

34

1 370
—259

195

2 066
— 1, 112

1 726

— 1 046

— 1,320

376
536

316
56

771

690

197

169

150

429

-54

-93

62

1,109

888

8,482

9,182

9,218

8,078

8,031

9,764

9,990

11,816

11,712

12, 816

13, 324, '

1,311

1,410

1,537

1,480

2,018

2,991

2,931

4,815

4,552

5,280

5, 157

12
13

Nonfarm
Farm

.

... ._

14

Net foreign investment

15

Government purchases of goods and services

16
17

Federal

22

_

324

523

103

National security
National defense
Other national security

18
19
20
21

.

Other
Less: Government sales
State and local




1,258

1, 344

1,432

1,549

33

22

12

7, 171

7,772

7,681

1,484

4
6,598

2,022

2,997

2,935

4,818

4,557

5,286

4

6

4

3

5

6

6,013

6,773

7,059

7,001

7,160

7,536

3,908

9

8,163

SURVEY OF CURRENT BUSINESS

.July 1958
Distributive Shares, 1929-57

[Millions of dollars]
1940

1941

1942

81, 634

104,710

137, 694

52, 129

64, 789

49, 818

41,395
563
7,860

2,311
1,624
687

1943

1944

1945

170, 310 182, 639. 181, 248

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

Line

180, 879 198, 177

223, 487

217, 600

241,876

279, 313

292, 155

305, 573

301, 794

330,206

349, 356

363, 951

1

85, 271 109, 587

121, 286

123, 181

117,697

128, 757

140, 969

140, 834

154, 190

180, 327

195, 012

208, 812

207, 595

223,852

241, 799

254, 637

2

62, 086

82, 109

105, 828

116,823

117, 577

111,836

122, 858

135,234

134, 310

146, 391

170, 788

184, 835

198, 030

196, 259

210, 902

227, 304

238, 120

3

51, 894
1,866
8,326

66, 123
6,168
9,818

79, 197
14, 133
12, 498

83, 843
20, 033
12, 947

82,664
21, 819
13, 094

91, 241
7,818
12, 777

105, 512
4,067
13, 279

116,443
3, 970
14, 801

113, 809
4,248
16, 253

124, 121
4,999
17, 271

141, 928
8,684
20, 176

151, 870
10, 472
22. 493

164, 157
10, 337
23, 536

161, 867
9, 951
24, 441

174, 927
9,778
26, 197

189, 258
9,668
28,378

198, 001
9,634
30, 485

4
5
6

2,703

3,162

3, 759

4,463

5, 604

5, 861

5, 899

5,755

6,524

7,799

9, 539

10, 177

10, 782

11,336

12, 950

14, 495

16, 517

7

1,983
720

2,302
860

2, 677
1, 082

2,937
1,526

3,805
1,799

3,970
1,891

3,565
2, 334

3,042
2,713

3,503
3,021

3,976
3,823

4, 753
4,786

4,861
5,316

4,788
5,994

5, 122
6, 214

5,814
7,136

6,597
7,898

7,570
8,947

8
9

13, 010

17,401

23, 907

28, 187

29, 565

30,835

36,573

35,492

40, 194

35, 583

37, 541

42, 329

42, 233

40, 723

40,442

42, 149

42,435

43,001

10

8,442

10, 897

13, 899

16, 823

18, 040

19,011

21, 321

19, 948

22, 405

22, 657

23, 541

25, 995

26,896

27, 445

27, 751

30, 382

30, 803

31, 403

11

8,487
-45

11,512
-615

14, 266
-367

16, 979
-156

18, 109
-69

19, 117
-106

23, 026
-1,705

21,419
-1,471

22, 815
-410

22, 194
463

24, 635
-1,094

26, 322
-327

26, 695
201

27, 613
-168

27, 800
-49

30, 580
-198

31, 300
-497

31, 700
-297

12
13

4, 568

6,504

10, 008

11,364

11,525

11, 824

15, 252

15, 544

17, 789

12, 926

14,000

16, 334

15, 337

13, 278

12, 691

11, 767

11,632

11, 598

14

2,885

3,465

4,547

5,097

5,413

5,634

6,208

6, 510

7,297

8,274

9, 013

9,431

10, 154

10, 528

10,869

10, 698

10, 887

11,837

15

9,120

14,511

19,678

23, 781

23, 033

18,413

17, 288

23, 626

30, 848

28, 226

35, 663

40, 954

37, 672

37,314

33, 743

43, 126

42,933

41,878

16

9,320

16, 982

20, 882

24, 554

23, 320

18, 977

22, 551

29, 525

33, 000

26, 370

40, 628

42, 153

36, 691

38, 311

34, 061

44, 862

45, 493

43, 426

17

2, 834
6,486

7,610
9,372

11,415
9, 467

14,074
10, 480

12, 949
10, 371

10, 689
8,288

9,111
13, 440

11,283
18, 242

12, 483
20, 517

10, 375
15, 995

17, 865
22, 763

22, 447
19, 706

19, 459
17, 232

20, 222
18, 089

17, 220
16,841

21, 827
23, 035

22, 422
23, 071

21, 649
21, 777

18
19

4, 043
2,443

4,458
4,914

4,289
5,178

4,484
5, 996

4, 673
5,698

4,691
3,597

5,781
7,656

6,521
11,721

7,243
13, 274

7,473
8,522

9,208
13, 555

9,029
10, 677

8,954
8,278

9,225
8,864

9,839
7,002

11,215
11, 820

12, 038
11,033

12, 355
9,422

20
21

-2,471

-1,204

-5, 263 -5, 899

-2, 152

1, 856

-4, 965

-1,199

981

-997

-318

-1,736

-2, 560

-1,548

22

4,179

4,773

5,469

6,272

7,084

8,196

9,145

10, 381

11,302

12, 598

23

1955

1956

1957

-200
4,490

4,544

-773

-287

-564

3,658

4,291 i

3, 342

3, 185

3,113

3, 792

or Expenditure, 1929-57

[Millions of dollars
1944

1949

1950

1951

213,558

210,663

234,289

259,426

258,054

284,599

328,975

346,999

365,385

363, 112

397,469

419, 214

440, 328

109, 833 121,699

147, 109

165, 409

178,313

181, 158

195,013

209, 805

219,774

232,649

238,025

256,940

269,400

284, 442

2

8, 105
73, 222
40, 372

15, 892
84, 802
46, 415

20, 593
93, 382
51, 434

22, 723
98, 737
56, 853

24, 584
96, 607
59, 967

30, 351
99, 801
64, 861

29, 471
110, 135
70, 199

29, 099
115, 100
75, 575

32, 875
117,961
81,813

32, 398
119, 328
86, 299

39, 632
124, 762
92, 546

38, 369
131, 382
99, 649

39, 926
137, 971
106, 545

3
4
5

7,130

10,430

28, 140

31,459

43, 087

32,977

49, 970

56,334

49,863

50,340

48,872

63,843

68, 180

65, 292

6

2,712

3,833

11, 028

15, 254

19, 454

18, 813

24, 215

24, 811

25, 532

27, 588

29, 722

34, 941

35, 732

36,483

7

815
1, 897

1,100
2,733

4,752
6,276

7, 535
7,719

10, 122
9,332

9, 642
9,171

14, 100
10, 115

12, 529
12, 282

12, 842
12, 690

13, 777
13, 811

15, 379
14, 343

18, 705
16, 236

17, 677
18,055

17, 019
19,464

8
9

5, 438

7,654

10, 733

16, 667

18,925

17, 236

18, 940

21, 290

21, 264

22, 305

20, 789

23, 119

27,002

27,856

10

-1,020

-1,057

6,379

-462

4,708

-3,072

6,815

10, 233

3,067

447

-1,639

5,783

5,446

953

11

— 575
-445

-595
-462

6,350
29

1,298
-1,760

2,976
1,732

-2, 209
-863

6,000
815

9,057
1,176

2,146
921

1,068
-621

-2,129
490

5,486
297

5,925
-479

195
758

12
13

-2,099

-1,438

4,595

8,917

1,929

-2,204

229

-160

-2,017

-401

-420

1,376

3,462

14

84,413

76,616

77, 106

80,258

87, 132

15

47, 141

50,832

16

125,822
81,875

89, 748 100,541

7, 771
37,215
26, 895

9. 659
43, 208
29,008

6,968
51, 324
31, 456

6, 605
59, 259
34, 677

6, 764
65, 368
37, 701

13, 155

18, 072

9,875

5,600

5, 452

6,629

3,721

2, 326

2, 985
2, 467

3, 510
3,119

1, 715
2,006

885
1, 441

5, 531

6,942

4,343

4, 027

2,172

4,501

1,811

-753

1,902
270

4,049
452

652
1, 159

-577
-176

1,509

1,124

-207

-2,245

24, 751

159, 133 192, 513 211,393

59,717

88,617

Line

1948

71,881

11,073

1954

1947

100,618

1943

1953

1946

1941

1942

1952

1945

1940

96, 529

82, 867

30,819

28,504

36,097

522
43, 397

41,820

62, 607

77,522

1

6,170

16, 923

52, 027

81, 223

89, 006

74, 796

20, 903

15, 772

20, 867

25, 479

22, 139

40, 915

54,332

59, 547

48, 910

46, 796

2,223

13, 794

49, 567

80, 384

88, 615

75, 923

21, 157

13, 345

15, 832

19, 322

18, 512

37, 180

48, 895

51, 541

43,047

41, 280

42,521

46, 537

17

33, 864
3,316

46, 408
2,487

49, 289
2,252

41, 189
1,858

39,081
2,199

40, 330
2,191

44,347
2,190

18
19

11,360
1,985

11, 578
4,254

13, 570
5,752

14, 257
4, 255

3, 956
9

3,173
44

2, 664
204

1,480
641

1,552
1,161

1,031
2,158

2,469
2,723

3, 751
1,324

5,570
535

6,570
413

3,882
255

4,154
419

5,792
355

8,423
417

6,242
379

5,934
418

5,018
398

4,784
489

20
21

7, 903

7,828

7, 690

7,394

7,523

8,071

9,916

12, 732

15, 230

17,918

19, 681

21, 692

23,190

24, 866

27, 706

30, 310

33, 117

36,300

22




SURVEY OF CURRENT BUSINESS

6

July 1958
Table 3.—Personal Income and

[Millions of dollars]
1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1 Personal income

85 763

76 881

65 698

50, 115

47 208

53 575

60, 210

68, 480

73, 921

68, 554

72, 884

2
3
4

Wage and salary disbursements . _
Other labor income
Proprietors' and rental income _ _

50, 423

46, 187

39, 119

30, 477

33, 705

36, 690

41, 920

46, 107

42, 976

45, 941

20, 184

16, 318

12, 495

451
8,029

28, 997

12, 048

12, 258

14, 772

13, 688

14, 352

5
6
7

Dividends
Personal interest income..
Transfer payments

5,813
7,428
1,496

5,490
6,949
1,533

4,088
6,923
2,714

2,565
6,575
2, 170

2,863
5,892
2,400

4,548
5,842
3,520

4, 685
5,912
2,418

3,187
5,828
2,834

3,788
5,809
2,963

Line

8
9
10
11

561

. -.

551

510

409
7,570
2,056
6,212
2,116

443
8,704

479

2,587
6,099
2,194

572

593

595

142

147

151

152

152

157

162

180

566

554

2,643
1,263
1,380

Less: Personal contributions for social insurance
Less; Personal tax and nontax payments
Federal
State and local

2,507
1, 134
1 373

1,858

1,455

1,464

1,595

1,251

1, 124

474
990

1,888

1,000

1,061

2,258
1,130
1,128

2,921
1,723
1,198

2,862
1,635
1,227

607

331

595

827

627

596
2, 440 "
1,235
1,205

12

Equals: Disposable personal income ..

83, 120

74, 374

63, 840

48, 660

45, 744

51,980

58, 322

66, 222

71, 000

65, 692

70, 444

13

Less : Personal consumption expenditures _

78, 952

70, 968

61, 333

49, 306

46, 392

51, 894

56,289

62, 616

67, 259

64,641

67, 578

14

Equals i Personal saving

4,168

3,406

2,507

-646

-648

86

2,033

3,606

3,741

1,051

2,866

_

_..._.

.

Table 4.—Relation of Gross National Product,
[Millions of dollars]

1 Gross national product2
3
4
5

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

104, 436

91, 105

76,271

58, 466

55, 964

64, 975

72, 502

82, 743

90, 780

85,227

91, 095

8,617
7,698
413
506

8,541
7,737
389
415

8,166
7,552
351
263

7,615
7,038
329
248

7,161
6 661
275
225

7,112
6 598
237
277

7,235
6 665
236
334

7,496
6 700
381
415

7,746
6 910
304
532

7,783
6 939
387
457

7,838
7 121
222
495

95, 819

82, 564

68, 105

50, 851

48, 803

57, 863

65, 267

75, 247

83, 034

77, 444

83,257

1929

Line

Less*

__

. __

Capital consumption allowances.
Depreciation charges
Accidental damage to fixed capital _
Capital outlays charged to current expense.

f>

Equals: Net national product

7

Plus:

Subsidies minus current surplus of government enterprises

-147

-123

-49

-45

18

283

403

39

60

176

485

8
9
10

Less*

Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy.

7,003
587
268

7,155
534
-977

6,859
649
840

6,768
737
754

7,055
659
948

7,815
641
731

8, 190
594
— 171

8,663
594
1,118

9,157
567
—248

9,154
429
456

9>365
451
1, 173

72, 753

87, 814

Less*

Undistributed corporate profits .. _
Corporate profits tax liability.
_
Corporate inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

17
18
19

Plus:

Net interest paid by government
Government transfer payments
Business transfer payments .

20

Equals: Personal income

...

_ _

75, 729

59, 708

42, 547

40, 159

48, 959

57, 057

64,911

73, 618

67,581

-3, 010
842
3,260
253
0

-5, 366
498
2,414
262
0

-5,967
385
1,047
278
0

-2, 426
521
-2, 143
285
0

— 1,615
744
-625
304

—669
951
—227
333

—217
1,409
—738
598

48
1,502
—31
1,800

—916
1,029
963
1,977

1, 174
1,441 1
—714
2, 136

964
999
534

1,084
2,065
649

1,141
1,433
737

1,170
1,457
659

1,230
1,553
641

1,141
1,806
594

1,101
2,926
594

1,204
1,851
567

1 192
2,405
429

1 205
2,512
451

85,763

Equals: National income ._

12
13
14
15
16

2,446
1,369
472
243
0

983
909
587.

11

76, 881

65, 698

50, 115

47,208

53, 575

60, 210

68, 480

73, 921

68 554

72 884

o

o

2
3
4
5
6
7
8
9
10

11
12
13
14
15

1932

1929

Personal saving
Undistributed corporate profits. ._ - . _ _ - .
Corporate inventory valuation adjustment.
Business depreciation charges




7,721

4,958

472
7,698

3,406
-3, 010
3,260
7,737

2,507
-5, 366
2,414
7,552

—646
—5, 967
1,047
7,038

—648
-2, 426
-2, 143
6,661

86
—1,615

413
506
0

389
415
0

329
248

1933

1934

1935

1936

1937

8 372

10 147

11 504

8 881

11 164

3 606
—217
—738
6 700

3 741

1 051
—916

-625
6,598

2 033
—669
-227
6,665

6 910

6 939

2 866
1 174
—714
7 121

275
225

237
277

236
334

381
415

304
532

387
457

222
495

-1,721

-1,351

-2,372

-1,978

-2,954

553

-1,567

-2, 140

—2 563

—3 477

—186

—1 971

—2 234

2,049

1,944

1938

48
—31

1939

963

1,031

-

..

Gross investment

Statistical discrepancy

o

.
. ...

.

...
.. . . . _ - . .

-265

351
263
0
-2,841

1,159
-128

281
-546

-2, 136
-705

— 1,480
-241

—1,316
-35

—2, 853

10, 955

5,720

1,082

1,541

3,317

6 223

8 311

11 809

7 770

10 197

16, 231

.

Gross private domestic investment
Net foreign investment

o

17, 002

Accidental damage to fixed business capital
Capital outlays charged to current expense
Excess of wage accruals over disbursements
Government surplus on income and product transactions
Federal
State and local

12, 197

4,168
2,446

_.

1930

15, 703

1 Gross private saving

1931

o

Table 5.—Sources and Uses of

[Millions of dollars]

Line

o

10, 265

690

5,523
197

913
169

1 391

2 888

6 277

8 404

11 747

6 661
I 109

9 309

-977

840

754

948

456

1,173

771
268

o

o

150

o

481

429

731

o

585

—54

-171

o

523

—93
1,118

o

739

62

-248

o

404

o

94

88S

SURVEY OF CURRENT BUSINESS

July 1958
Disposition of Income, 1929—57

[Millions of dollars]
1941

78, 680

96, 275 123, 497 151, 392 165, 696 171,222

49, 818
687
15.895

62, 086
720
20, 866

4. 043
5, 781
3,] 14

4,458
5, 833
3,113

1942

1943

11 4
9 4
i

1940

1945

1946

1947

1949

1948

1950

1952

1951

1953

1954

1956

1955

1957

Line

179, 298 191,581

210, 435

208,319

228,468

256, 692

273, 071

288,259

289, 825

310, 196

330,513

347, 897

1

82, 109 105, 619
860
1,082
28, 454 33, 284

117,016
1,526
34, 978

117, 563
1,799
36, 469

111,866
1,891
42, 781

122, 843
2, 334
42, 002

135, 179
2,713
47, 491

134, 356
3,021
43, 857

146, 367
3, 823
46, 554

170, 714
4,786
51,760

184, 857
5,316
52, 387

198, 106
5. 994
51. 251

196, 259
6,214
51.311

210, 902
7,136
52,847

227. 304
7.898
53, 322

238, 120
8,947
54,838

2
3
4

4,484
5,798
2,964

4,673
6,151
3,588

4,691
6,868
6,165

5.784
7.576
11,411

6,521
8,212
11, 787

7,243
8,706
11,281

7,473
9.443
12, 403

9.208
10, 263
15, 147

9,029
11, 245
12, 575

8, 954
12, 100
13, 210

9, 225
13, 367
14, 256

9.839
14. 552
16, 223

11, 215
15,770
17, 507

12, 038
17,047
18. 620

12, 355
18. 772
21, 463

5
6
7

4,289
5,808
3, 143

658

801

1, 166

1,839

2,236

2, 333

2,011

2,118

2,178

2,234

2,894

3,417

3,753

3.940

4,573

5,181

5,716

6,598

8

2,604
1,364
1,240

3,293
2,016
1,277

5,981
4,668
1,313

17, 845
16, 517
1,328

18, 935
17, 536
1,399

20, 867
19, 379
1,488

18, 729
17, 162
1,567

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, 059
35, 244
4,815

42, 748
37, 389
5. 359

9
10
11

76,076

92, 982 117,516

133, 547

146, 761

150,355

160,569

170, 113

189,300

189, 654

207, 655

227,481

238,714

252, 474

256,885

274, 448

290,454

305, 149

12

71,881

81,875

89, 748 100, 541

109,833

121,699

147, 109

165,409

178,313

181, 158

195, 013

209, 805

219,774

232,649

238, 025

256,940

269,400

284,442

13

4,195

11,107

27, 768

33, 006

36,928

28, 656

13,460

4,704

10, 987

8,496

12, 642

17, 676

18, 940

19,825 i

18,860

17,508

21,054

20, 707

14

1952

1953

1954

1955

1956

1957

National Income, and Personal Income, 1929-57
[Millions of dollars]

1940

1941

1942

1943

1944

1945

100,618

125,822

159, 133

192,513

211,393

213,558

8,148
7,316
246
586

9,041
8,078
273
690

10, 155
9,162
484
509

10, 866
9,854
399
613

12, 007
10, 793
360
854

12. 549
11, 246
381
922

92,470

116,781

1946

1947

1949

1948

1950

1951

Line

259, 426

258,054

284,599

328,975

346, 999

365,385

363, 112

397, 469

419,214

440,328

]

13, 030
11, 062
567
1,401

15, 471
13, 101
574
1,796

17, 274
15, 091
518
1,665

19, 065
16, 500
616
1,949

21, 970
18, 753
909
2,308

24, 007
20, 872
684
2,451

26, 526
23, 066
813
2, 647

2-8, 809
25,202
917
2,690

31, 986
27, 943
1, 055
2,988

34, 681
30, 755
729
3,197

37, 743
33, 704
897
3,142

!

148, 978 181, 647 199, 386 201, 009 199, 969 221, 259

243,955

240,780

265,534

307,005

322, 992

338,859

334,303

365,483

384,533

402,585

210, 663 234, 289
10, 694
9,041
407
1,246

(

420

102

150

183

652

760

868

-226

-171

-162

198

187

-154

-431

-243

33

10, 021
431
804

11,296
502
375

11, 769
495
-830

12. 735
505
-1,720

14, 127
506
2,766

15, 522
532
4,467

17, 313
557
2,088

18, 641
674
3, 541

20, 405
739
-847

21, 637
781
510

23, 747
843
-734

25, 647
985
1,247

28, 140
1,169
1,374

30. 203
1,369
1,283

30, 151
1.262
'853

32, 865
1,457
988

137, 694 170, 310 182, 639 181, 248 180, 879 198, 177

223,487

217, 690

241,876

279, 313

292, 155

305, 573

301, 794

330, 206

349, 356

363, 951

13, 274
12, 483
-2, 152
5,220
35

8,522
10, 375
1,856
5,737
-46

13, 555
17, 865
-4,965
6.870
24

10, 677
22, 447
-1, 199
8,170
74

8,278
19, 459
981
8,614
-22

8,864
20, 222
-997
8,728
-76

7,002
17, 220
-318
9,695
0

11, 820
21, 827
-1,736
10, 995
0

11, 033
22, 422
-2,560
12, 313
0

9,422
21, 649
-1,548

15
L
1
1
K

4,420
11,113
674

4,527
10, 542
739

4,670
11, 622
781

4,794
14, 304
843

4,973
11,590
985

5,016
12, 041
1,169

5,171
12; 887
1, 369

5,407
14, 961
1,262

5,389
16, 050
1,457

5,745
17, 094
1,526

6,174
19, 868
1,595

1
li
1<

179, 298 191,581

210,435

208,319

228,468

256,692

273,071

288,259

289,825

310, 196

330, 513

347,897

2(

81, 634 104,710
2.443
2,834
-200
2,282
0

4,914
5,178
7,610
11,415
-2, 471 -1,204
2,784
3,468
0
0

1,291
2,683
431

1,289
2,611
502

1,517
2,648
495

78, 680

96,275

123,497

5,996
14, 074
-773
4,516
209

5,698
12, 949
-287
5,173
-193

3,597
10, 689
-564
6,138
14

2,140
2,459
505

2,809
3,082
506

3,683
5, 633
532

151, 392 165,696

171,222

11, 721
7,656
9,111
11, 283
-5. 263 -5, 899
5, 981
5.683
15
-30
4,463
10, 854
557

1, 045

1, 330

35,631 i
1, 526
-935

37,644
1, 595
725

Hieg

*
<
K
i

Gross Saving, 1929-57
[Millions of dollars]

1940

1941

1942

14,586

22, 591

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

26,517

23,571

37, 615

36, 102

40,321

49, 198

52, 184

54, 142

54,353

59, 578

64,208

66,324

1

10, 987
13, 274
-2, 152
13, 101

8,496
8,522
1,856
15, 091

12, 642
13, 555
-4, 965
16, 500

17, 676
10, 677
-1,199
18, 753

18, 940
8,278
981
20, 872

19, 825
8,864
-997
23, 066

18, 860
7, 002
-318
25, 202

17, 508
11, 820
-1,736
27, 943

21, 054
11, 033
-2, 560
30, 755

20,707
9,422
-1, 548
33,704

2
3
4
5

Line

41, 897

49, 304

54, 153

44, 252

4,195
2,443
-200
7,316

27,768
11,107
4,914
5,178
-2, 471 -1,204
9,162
8,078

33, 006
5,996
-773
9,854

36, 928
5,698
-287
10, 793

28, 656
3,597
-564
11, 246

246
586
0
-726

484
273
399
360
381
509
854
690
613
922
0
0
209
14
-193
-3,770 -31,399 -44,229 -51,888 -39,727

407
1,246
-30
4,130

567
1,401
15
13,264

574
1,796
35
8,248

518
1,665
-46
-3, 113

616
1,949
24
8,179

909
2,308
74
6,118

684
2,451
-22
-3,855

813
2,647
-76
-7, 102

917
2, 690
0
-6, 735

1,055
2,988
0
2,857

729
3,197
0
6,283

897
3,142
0
1,705

6
7
8
9

-1,448
722

-5, 119 -33, 198 -46, 714 -54,577 -42, 331
1,349
1,799
2,689
2,485
2,604

2,186
1,944

12, 176
1,088

7,997
251

-2, 537
-576

9,189
-1,010

6,417
-299

-3, 906
51

-7, 374
272

-5. 793
-942

3,842
-985

6,837
-554

2,876
-1.171

10
11

4,704
13, 460
7,656
11, 721
-5, 263 -5, 899
9,041
11, 062

14, 664

19, 196

9,668

8, 992

32,735

40,376

45,016

33,499

47, 766

56,563

49, 703

48, 323

48, 471

63,423

69, 556

68, 754

12

13, 155
1,509

18, 072
1,124

9,875
-207

5,600
7,130
10, 430
-2, 245 -2, 099 -1,438

28, 140
4, 595

31, 459
8, 917

43, 087
1,929

32, 977
522

49, 970
-2, 204

56, 334
229

49, 863
-160

50, 340
-2, 017

48, 872
-401

63, 843
-420

68,180 1
1,376 j

65.292
3.462

13
14

804

375

-830

-1,720

2,088

3,541

-847

510

-734

1,247

1,374

1,283

853

988

725

15

3,355




5,031

2,766

4,467

-935

SURVEY OF ( T R K K X T BUSINESS

12

Tal)l«' 9.—Gross National Product, N a t i o i i a

1940

1948

1 949

1 950

1951

1952

1953

1954

1955

1950

1957

231.3

259. 4

258.1

284.6

329. 0

347. 0

3G5. 4

363. 1

397.5

419.2

440. 3

165.4
°0 fi
93. 4
51.4

178.3
22 7
98. 7
50. 9

181.2
24.0
90. 0
00. 0

195. 0
30. 4
99. 8
04. 9

209. 8
29.5
110. 1
70.2

219.8
29. 1
115. 1
75. 0

232. 6
32.9
1 1 S. 0
SI. 8

238. 0
32.4
119.3
80. 3

256.9
39.0
124. 8
92.5

269.4
38.4
131.4
99.0

284. 4
39. 9
138.0
100. 5

28.1
11.0

31.5
15.3

43.1
19. 5

33. 0
18.8

50. 0
24. 2

56. 3
24.8

49. 9
25. 5

50. 3
27. 0

48.9
29. 7

63.8
34.9

68.2
35. 7

65. 3
30. 5

4.8
0 3
10.7
0.4
0.4

Lint-

7.5

10. 1
9.3
18.9
4. 7
3.0

9. 0
9. 2

lf\7
-.5
1.3

-3. 1
—2 2

14. 1
10. 1
18.9
0. 8
0.0

12.5
12.3
21.3
10.2
9.1

12.8
12.7
21.3
3.1
2. 1

13.8
13.8
22.3
.4
1. 1

15.4
14.3
20.8
-1.0
— 2. 1

18.7
10.2
23. 1
5.8
5.5

17.7
18.1
27.0
5. 4
5 9

17. 0
19. 5
27.9
1.0
2

-2.2

1947

Gross National Product or Expenditure
1

Cross national product

l)

210.7

_ ... . .

3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

6
7 i

Gross private domestic investment
New construction _
.

8
9
10
11
!'•>

147.1
15 9
84.8
40. 4

_.

- _ _

Residential nonfarm
Other
Producers' durable equipment
Change in business inventories, total
Nonfarm onlv

4.6

'
i
i
'•

!

.5

.2

_ 2

-2.0

-.4

-.4

1.4

3.5

43. 4

41.8

62.6

77.5

84.4

76. 6

77.1

80.3

87.1

15.8
i 3. 3
1 1.4
2.0
3. 8
1.3
12.7

20. 9
1 5. 8
11.0
4.3
5. 0
.5
15.2

25. 5
19.3
13.0
5.8
0. 0
.4
17. 9

22. 1
18. 5
14.3
4.3
3.9
.3
19. 7

40. 9
37. 2
33. 9
3.3
4.2
.4
21.7

54. 3
48. 9
40. 4
2.5
5.8
.4
23. 2

59. 5
51. 5
49.3
2.3
8.4
.4
21.9

48. 9
43.0
41.2
1.9
0.2
.4

40.8
41.3
39. 1
2.2
5.9
.4
38. 3

47. 1
42.5
40. 3
2. 2
5.0
.i
33. 1

50. 8
40. 5
44. 3
2.2
4.8

198. 2

223. 5

217.7

211.9

279. 3

292 2

305. 6

301.8

330. 2

349.4

364. 0

117.7

128. 8
1"2 9
105. 5
4.1
13. 3
5. 9

141.0
135. 2
110.4
4.0
14.8
5.8

140.8
134. 3
113.8
4.2
10. 3
0. 5

154.2
140. 4
124. 1
5.0
17.3
7. 8

180. 3
170.8
141. 9
8.7
20.2
9. 5

195. 0
184.8
151. 9
10. 5
22 5
10'.2

208.8
198. 0
104. 2
10. 3
23.5
10.8

207.fi
190. 3
101.9
10.0
24.4
11.3

223. 9
210. 9
174. 9
9.8
20. 2
13.0

241.8
227. 3
189. 3
o 7
28! 4
14. 5

254.6
238. 1
198. 0
9.0
30.5
10. 5

42.0
19. 9
15. 5
0 5

47. 5
22.4
17.8
7 3

43.9
22.7
12.9
83

46.6
23.5
14.0
9 0

51. 8
20.0
10.3
9.4

52.4
20. 9
15. 3
10. 2

51.3
27.4
13.3
10. 5

51.3
27.8
12.7
10.9

52.8
30.4
11.8
10.7

53. 3
30.8
11.0
10.9

54. 8
31.4
11.0
11.8

17.3
9.1
13. 4
— 5.3
3 1
20.7

23.6
°9 5
11.3
18.2
-5.9
3.8
IB. 7

30.8
33 0
12. 5
20. 5

35.7
40.0
17.9
22. 8
-5. 0
5.5
20.8

41.0
42.2
22.4
19.7
-1.2
6.3
27.3

37.7
30. 7
19. 5
17. 2
1.0
7.1
31.0

37. 3
38. 3
20.2
18.1
-1.0
8.2
31.8

33.7
34.1
17.2
10. 8

12
17.4

28.2
20. 4
10.4
1 0. 0
1.9
4.8
19.4

9.1
32.3

43.1
44.9
21.8
23.0
-1.7
10.4
34.0

42.9
45. 5
22.4
23. 1
—2 0
11.3
36.3

41.9
43.4
21. 0
21.8
-1.5
12.6
38.6

179. 3

191.6

210.4

208.3

228.5

256.7

273.1

288.3

289.8

310.2

330. 5

347.9

18. 7
17.2
1.0
100. 0
147.1
13.5

21.5
19. 0
1.8
170.1
105. 4
4.7

21. 1
19.0
2.1
189.3
1 78. 3
11.0

18.7
10.2
2.5
1 89. 7
181.2
8.5

20.8
18.2
2.0
207. 7
195. 0
12.6

29.2
20.3
2.9
227.5
209.8
17.7

34. 4
31.2
3.2
238. 7
219. 8
18.9

35. 8
32.4
3.4
252.5
232.6
19.8

32.9
29.2
3.8
250. 9
238. 0
18.9

35.7
31.5
4.2
274.4
250.9
17.5

40.1
35.2
4.8
290.5
209 4
21.1

42.7
37.4
5.4
305. 1
284.4
20.7

210. 7

Federal _
- _
National security
National defenseOther national security
Other
- ... ...
Less' Government sales
State and local
-

1.9
3«. 1

9. 9

_.

8.9

20. 9
21.2

Government purchases of goods and services

28.5

42 8
21. 3
15 3

Net foreign investment

14

30. 8

180.9

13

15
Hi
17
18
19
20
21

j

234.3

259.4

258.1

284.6

329.0

347. 0

365. 4

363. 1

397.5

419.2

10. 7
17.3
.0
2. 1
.9

13.0
18.0
.7
3.5
-.2

15.5
20.4
.7
-.8
-.2

17.3
21.0
.8
.5
-.2

19. 1
23.7
.8
-.7
.2

22.0
25.0
1.0
1.2
2

24.0
28. 1
1.2
1.4
_ 2

20.5
30.2
1.4
1.3

28.8
30.2
1.3
.9

180.9

198.2

223.5

217.7

241.9

279.3

292.2

305.6

301.8

330.2

349. 4

364.0

17.3
0. 0
.0
10.9
4. 5
5. 8
. (J

23.6
5.7
.0
11.1
4.4
0. 5

30. 8
5.2
.0
10.5
4.5
7.2

28.2
* ".(}
11.0
4.7
7. 5
.8

35.7
0.9
.0
14.3
4.8
9.2
.8

41.0
8.2
.1
11.6
5.0
9.0
1.0

37.7
8.0
.0
12.0
5.0
9.0
1.2

37. 3
8.7
-.1
12.9
5 2
9.2
1.4

33. 7
9.7
.0
1 5. 0
5.4
9.8
1.3

43.1
11.0
.0
16.0
5.4
11.2
1.5

42.9
12.3
.0
17.1
5. 7
12.0
1.5

41.9
14.2
.0
19.9
0.2
12.4
1.0

179. 3

191.6

210.4

208.3

228. 5

256.7

273. 1

288. 3

289.8

310.2

330. 5

347. 9

-

. ... .

30.3

National Income by Distributive Shares
2'*
23
24
2f>
20
27
2S
30
31
.*•{')

National income
Compensation of employees
"Wages and salaries
Private
Military
Government civilian....
Supplements to wages and salaries

111 8
91 ->

-

- .

Business and professionalFarm
Rental income of persons

33

Corporate profits and inventory valuation adjustment

35
30
37
38
3!)

Corporate profits tax liability
_ _.
Corporate profits after tax _ .
Inventory valuation adjustment
Net interest
Addendum: Compensation of general government employ ees_

12.' 8

5. 9

•>9 f)

Personal Income and its Disposition
40

Personal income

41 Less1 Personal tax and nontax payments
42 i
Federal .
..
43 i
State and local
44 Equals: Disposable personal income _
45 Less' Personal consumption expenditures
40 ! Equals: Personal saving

-

Relation of Gross National Product, National Income, and
Personal Income
47 i Gross national product
48
49
50
51
52

Less: Capital consumption allowances . . ..
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
_.
.
_ . . . . Plus: Subsidies less current surplus of government enterprises

53 i Equals: National income

-

.

_ .

54 j Less: Corporate profits and inventory valuation adjustment
55 i
Contributions for social insurance
50
Excess of wage accruals over disbursements
.
57 ! Plus: Government transfer payments
..
58
Net interest paid by government
59
Dividends
. . .
00
Business transfer payments
01 i Equals: Personal income
1

Includes noncorporate inventory valuation adjustment.




32.0 !
32.9 •
1.5 1
1.0
.0

;

440. 3

34.7 ':
35. 0
1. 5 i
-.9 1
1.0

37.7

37. 0
1- f i
L3

SURVEY OF CURRENT BUSINESS

July lir>8

13

Income, and Personal Income, 1946-57
[Billions of dollars]
Seasonally adjusted at annual rates

1946
I

11

1948

1947
III

IV

1

III

II

II

I

IV

!
198. 0
137. 3
12.7
80. 8
43.9
22.1
8.5
3.5
4.9

206.3 ;

217.1

143.0 152.7
14.9 | 17.4
82.6 | 87.7
45.5 1 47.5

29.0
10.8 j

29.6
12.2

221.2

226.0

155.4
18.6
88.1
48.7

159.4
19.1
90.7
49.6

31.8
12.6

230.0

29.8
13.3

5.6
7.0

245.1

179.0
22.4
97.8
58.8

181.1
24. 5
97.1
59.5

29.2
13.8

j

180. 8
23.1
99.2
58.5

29.6
15.6

36.7
17.9

39. 9
18. 4

43. 2
19. 8

45. 2
20. 1

43.9
19. 4

36.8
18.5

30.8
18.2

4.5

9.0

35. 3

29. S

28.6

29.5

20.4
27 7

20.4 |
22.2 !

18.3
18.2

18.4
16.6

1.2
2.5
8.9

1.9
3.6
9.5

3.2
3.1

3.6
1.7

10.2

11.0

169.6

176. 6

185.2

191.9

193.1

194.5

198.4

113. 2
107. 3
82.4
12.5
12.4

115.2
109.3
89.1
7. 6
12.6
5.9

119.5
; 113.6
! 94.8
!
5.9
i 12.9
!
5.9

122.7
116.8
98.4

125. 7
119. 6
101.8

127.1
121.0
103. 6
4.0
13. 4
6. 1

6.2
6. 3
7.0
7. 4
16.1
16. 4
.4 i _ i . o
1.5 |
1.5

9. 7
9. 7
20'. 1

18.3

3.9

4.3
2.8

.0
.6

8. 9
9. 3
17. 9
-5.3
-4.1

2.1

.5

.9

1.6

30.7

34.9

38.1

40.4

15.9
13.0
11 5
1. 5

16.5
14.1
11. 2
2 9

20 2
15.2
11. 3

3.8
.9

3.9
5.4
.4
117

24.2
16. 9
12. 1
4 9
7. 6

.3

13.7

3." 5
1.1
14.2

22. 5
17. 1
11. 8
5 3
5. 7

206. 5

214. 4

128.8
133. 2
123.2 ! 127.5
106. 3
110.1
3.8
3.9
13. 1
13 5
5. 7 |
5. 8

136. 3
130. 7

9.7
8.6

10.5
9.2

9.7

17.4

18.2

18.3

1.4
2.4

3.3
2.3

5.1
2.9

19.0
6. 1

9.3

9.7

7.7

4.2

27. 8

27. 6

29. 0

29.6

15. 9
14.2
13. 0
1. 3
3. 5
1.8
11.9 |

15. 2
14.1
in a
3' 8
2. 8
1.6
12.4

16. 1
l?.i
i i 7
14
5' 0
1.0
12.9 1

9.6
8.3

274. 4

293.2

304. 3

1

95.3
60.1

96.3
61.5

185. 7
26. 8
96. 2
62.6

189. 9
27. 9
97.7
64.3

204.4
35.5
103. 3
65.7

200.1
31.2
102. 0
66.9

2
3
4
5

33.7 !
18.6 |

30.6
19.9

39.8
21.6

46.9
23.6

51.1
25.6

61.4
25.3

C>

1
i
!
1

14.4
10.9
21.1
15.0
13.8

8
9
10
11
12

180.5 184.0
25. 1
26. 3

96
9 0 !
16. 8

10. 9
9. 0

12.2

13.8

15.4
10.3
20.6
4.9
3.8

9.4

9.8

15.7

18.4

-1.7

-.6

2.5
2.2

4.9
4.2

.6

.7

-.8

-.9

-2.3

-3.0 |

-2.7

13

42.5

43.9

44.0

43.2

41.2

39.9

40.6 |

45.5

14

25.5
19.2
13. 5
5' 8

26.3
20.3

20.6
17.1
12. 0

20.8
17. 8
14. 1

25.2
22. 2
18. 3

.3

5.1
3.8
.2

15.6

17.0

17.6

is: 3 ; is. -

4.4
5.2
.3

16. 1

&3
.3

24.5
17.8
13. 0
4-8
7.0
.3

21.9
17.0
12. 6

6.6
.3

25.7
20.0
]4 1
5 9
6^4 !
7 i

19.3

19.3

3. 2
.2
19. 8

3. 3
.3
20. 3

15
1C)
17
IS
19
2!)
21

222.6

227.4

229.2

220.8

217.4

217.8

214.8

222.1

233.6

250.6

261.1

22

139.1
133.4
115.3

143. 6
137. 9
118. 6

142.4
136. 1
116. 0

141.1
134.7
114.4

139. 8
133. 3
H2.7

139. 9
133. 2
H2.2

143.2
136.0
114.9

149.6
142. 0
120.8

158.0 i
150.0
127. 6

165.8
157.4
133. 1

23
24
2o
26
27
28

13. 7
6 6

3.7

3. 8

4.2

4.1

4.5

4.4

4.3

4.9

6.3

15.9

16.2
6.5

7.3

7.5

17.5
'8.0

18.0

6.3

16. 5
6. 7

16.9

5.9

16. 4
6. 6

16.6

5.8

49.0
22.9
18.8

48.0
23.1
17.3

44.2
22. 7
13.7

44.0
23.0
12.9

44.3
22.2
13.3

45.2
23.1
13.2

47.8
24.5
14.2

48.9
24.4
15.3

7.4

7.6

7.9

8.1

43. 5
22.7
12.4

43. 6
22.3
12.7

7.0

48.5
22.2
19.1
7. 1

29.6
32.4
12.3
20.2
-2.9

30.9
33.8
12.8
21.0
-2.9

30.6
33. 4
12. 6
20.7
-2.8

32.4
32. 4
12. 3
20.2
i

29.6
28.2
11.1
17.1

27.6
24.7

4.0

4.1

4.1

4.2

4^3

1.4
4.5

2.8
4.7

15.8

16.2

16.5

16.9

17.7

18.5

19.0

19.2

19.5

19.9

6.6

6.5

6.2

6.4

6.9

21.2
30.2
12 2
-8.9

20.2
29.8
11.4
18.4
-9.7

23.8
28.5
10.9
17.6
-4.7

3.3

26.0
31.2
11.9
19.3
-5.2

3.5

24.5
28.5
10.9
17.6
-4.0

3.7

25.3

18.2

17.6

17.1

3.9

171.4

176.7 i 182.9

|

39.8
19.8
13.9

41.3
19. 6
15.2

43.2
20.3
16.0

7

16.0
-5.3
-4.7

4.0

16.5 ! 17.9
19.3 1 26.0
7.8
10.5
11.5
15.5
-2.8
-8.1
3. 0
3. 1
20. 5
18. 9

113.0
5.7

44. 4
21.4
16.0

1

9.7

15.0

4.2

8.4

8.4

8.7

8.8

8.9

9.1

9.2

29.6
26.6
10.5
16.1

26.2
26.0
10.2
15.8

29.4
30. 1
13.2
16. 8
-.7

39.2
46. 5
20. 4
26.0
-7.3
5. 6
20. 9

40.6
49. 2
21.6
27.5
-8.5

19.7

33.5
36. 8
16. 2
20. 6
-3.3
5. 4
19. 8

3.0
4.9

2
5.0

5.2

5.8

22.8

29
30
3.1
32
33
34
35
36
37
38
39

186.0

188.6

186.0

193. 8

197.8

202.7

209.6

214.8

214.4

209.3

208.9

207.2

207.9

220.2

221.5

230.8

241.2

40

19.5
| 19.0
! 17.5
17.9
1
1.6 !
1.6
166.5
1 163.9
155. 4
! 152.7
11.0
11.2

21.1
19. 3

21.5
19.7
1.9
172.3
167. 2

22.1
20.2

20. 2
18.0

20.4
18.2

IS. 7
16.3

18.7
16.2

18.6
16. 2
2. 5
188.6
180.5

18.6
16. 1
2. 5
189.3
184.0

19.3
16.7

19.9
17.3

20.6
17.9

23.5
20.8

175. 7
171.2

23.2
21.1
2 1
179.5
174.7

20.8
18.7

167. 5
159.4
8.1

21.2
19.4
1.8
164. 8
163. 9
.9

5.1

4.5

i

i

153. 6
137.3
16.3

18.6
17.0
1.5
158.2
143.0
15.1

198.0

206.3

217.1

221.2

226. 0

230. 0

235. 6

10.1
16.5

10.5
17.0

10.8
17.7

11.3
18.0

11.9
17.9

3!o

1.7

.6
2.8
1.2

.6
3.2
.4

.6
-.4
.1

.6
2.3
-.1

12.9
18. 2
.7
3. 5
-.2

13.3
18. 7
.7
4. 2
-.3

3

-'.2

9

169. 6

176.6

185.2

191.9

193.1

194. 5

198. 4

206.5

214. 4

13.5

16.5

17.9

21.2

20. 2

23.8

24.5

26.0

6.1
.8

6.1
-.9

5.9
.0

6.1
.0

6.1
.0

11.1

10.6

4.4
5.3
.5

4.5
5.6
.6

4.5
5.9
.6

10. 1
4. 4
6. 6

9. 9
4. 4
6. 3

5.3
.0

12.0

5.8
.0
9.7
4.5
6.4
.6

.6

.7

171.4

176. 7

182. 9

186.0

188. 6

186. 0

5

9.0
9.4

265. 8

15.2

43.7
20.1
17.1

1.5

IV

3.9

44. 6
21.0
17.0

17.8
16.2

III

14.2
5. 7

41.9 44.7
21.7 i 21.8
14. 1
16. 6
6. 1
6. 2

3.0

257.0

II

3.8

5.9

isio

258.8

I

13. 9

4.7

13. 2
6. 0

|

IV

144.5
138.7
118.6
4 2
15.8

5.3

8.8

10. 4

7. 6
8. 0
16. 7
_2 7
-.3

13.2

-1.2

256.4 I

180. 2
23.6
99.0
57.6

6. 2

5.9

259.8

177. 5
22. 6
98.7
56. 2

4.3

13.5
14.7
6. 0

265. 9

174. 7
21.6
98.1
55. 0

3.3

40.0
20.7
13.3

264. 0

257. 7

171.2
22.1
95.7
53.4

f). 0

5.8

249. 5

167.2
20.8
94.2
52.2

14.5
4.7
4.8

III
|

163.9
20. 3
93. 0
50. 6

5. 3
6. 9
11.4
6. 1
5. 9

5.9

II

j

235.6

4. 6
6. 2
9.4
8. 8
8. 7

7. 7

I

IV

III

Line

1950

1949

1.7

i




2.1

2.2

2.2

2.4

2.5

194.7
180.2
14.4

194.0
180. 8
13.2

190. 6
179. 0
11.6

190. 2
181.1

4.8

188.8
177.5
11.4

245. 1

249.5

257.7

264.0

265.9

259. 8

14.1
19.7

14.8
19.6
.7

15.4
20.3

15.5
20.8

16.1
20. 9

16.6
21.0

.7

.8

.8

.8

0

-1.5

.8
-.5
-.1

-1.2
—.1

.6

— 5

-.3

222.6

227.4

229.2

29.6

30.9

30.6

5.3
.0

5.2
.1

5.1
.1

5.3
-.2

13.7

10.7

11.0

10.8

10.4

4.4
6.4

.7

4.4
6.8
.7

4.5
6.9
.7

4.5
7.1
.7

193.8

197.8

202.7

209. 6

1.9

7
3^9

;

2.6

2.6

2.7

2.7

201.7
189. 9
11.8

210.2
204.4
5.8

217.7
200.1
17.6

41
42
43
44
45
46

293.2

304.3

47

19.8
24. 2
.9
-1.3
.3

48
49
50
51
52

5.3

256. 4

258.8

257.0

265.8

274.4

17.0
21.5

18- 0
21.9
-8
1-5
.0

18.5
22.3

18.9
23.3

.8
2.3
.1

.8

-2.1

-.2

17. 5
22.1
.8
.4
-.1

.2

19.1 !
25. 2 !
.8
-2.3
.3

220.8

211 A

217.8

214.8

222.1

233. 6

250.6 |

261.1

53

32.4

29.6

27.6

26.2

29.4

33.5

39.2 \

40.6

5.3
.1
9.9
4.6
7.6
.8

5.8
.1

29.6

5.7
.0

6.6
.0

6.7
.0

6.9
.0

4.5
7.4
.8

i

8.1

200. 9
185.7
15.2

214. 8

214.4

11.2

9.1

5.7
-.3

11.7

4.6
7.4
.8

4.7
7.3
.8

209. 3

208. 9

11.8

20.6

14.2

11.1

11.3

4.7
7.3
.8

4.7
7.8
.8

4.7
7.9
.8

4.8
8.3

4.8
9.5

11.1

.8

.8

.9

54
55
56
57
58
59
60

207. 2

207.9

220.2

221.5

230.8

241.2

61

5.7
.0

11.9

7.3
.1
4.8

SURVEY OF CURRENT BUSINESS

14

.Tu iy 1 !)."<=
Table 9.—Gross National Product, National

[Billions of dollars]
^eai onally ad justed at mnual ra tes
19 51

Line
I

19 52

1

1953

11

III

TV

341.0

341.3

347. 0

358. 6

214.6
27. 7
113.3
73. 6

217.7
29 1
113 9
74. 7

219.6
27 5
1 1 5. 9
76.2

227.2
32 1
117.2
77 9

51.0
24. 5

52 2
95 2

45 6
25 4

49 1
25.4

12. 1
12.4
21. 5
4.9
38

12 4
12. S
21.9
5. 1
•1 0

12 7
12. 7
22 4
—2 2
—3 3

12.8
12 6
19 4
4.3
3 4

11

III

IV

317.8

320. 4

333. 8

338. 1

211.5
33 0
110 2
08. 3

205. 5
28 0
108. 1
69. 4

208.8
28 5
109. 5
70.8

213. 4
28.4
112. 7
72.3

56 9
25 7

61 6
l

>5 0

56 3
24 5

12 5
12. 5
1 3
15 2
14 0

11 8
12.7
21 6
10. 2
9 1

1

II

III

IV

364. 5

368.8

367 1

361 0

230. 9
33 2
118 1
79.6

233.3
33 4 '
118 6 '
81, 2 1

234 1
33 6
117 8
82 8

232 9
3
31
117 4
83 7

52 6
26 1

52 0
26 9

52 9 i
97 $ !

51 1
97*7

45 2
27 9

13 4
12.7

14 0
13 8

!

13 8
i-i o

13 7
14 2

99 Q i

99 B

91 U

5. 3
4 7

13 7
1 3. 2
22 5
2 5
30

31'
4 0 i

7
15

—4 6
—4 3

Gross National Product or Expenditure

1

Gross national product

._

Personal consumption expenditures
Durable goods
Nondurable goods
Services

9

4
5
(j

_ .

- -.

Gross private domestic investment
New construction

8
9
10 .
11
12

Residential nonfann
Other
_. .. . -.
...
Producers' durable equipment
Change i n business inventories, total
_ _ _ _ _ _ _
N onfarm onlv

14 1
11.6
20 7
10. 5
9 3

Government purchases of goods and services -

.

Federal
.
National security
National defense
_ _ _ _ _ _ _ _ _ _ _
Other national security
Other
Less: Government sales - State and local

-

— 6

19

2 0

9

— 19

—2 1

—2 6 1

—2 0

—14

51.6

Net foreign investment

18
19
•>fl
21

9] 9

-2 3

13
14
15
16 '

9

59.9

66.8

71.8

72.2

77. 1

80.0

80.7

83.7

85.2

:

83 8

84. 9

30.8
27 6
24 3
3 3
3 5
.3
20 9

38.4
34 8
31.2
3 6
39
.3
21 6

44.9
41. 1
38. 1
2 9
4 4
6
21.9

49.7
45.3
41.8
3. 4
4 9
.5
22. 1

49.6
45.3
43.0
2 3
4 7
.4
22.5

54. 0
49 0
46 2
2 7
5 4
.4
23 1

56. 7
50 0
47. 0
2 9
7 o
.3
23.2

57. 0
51 3
49. 3
2 0
6 0
.3
23. 7

59. 2
52 1
49.8
2 3
7 6

60. 9
53 0
50. 5
9
5
83
.4
24 3 '
•

58. 9
51 3
49 3
9o
80
.4
24 9

59. 2
4Q 8
47 6
2 °
9 7
.3
25 7

1.9

24 4

National Income by Distributive Shares
22

270.8

278.2

282.0

286.

0

287.2

288 0

292.4

300. 6

306. 3

308.7

307.2

300. 1

.

173.7
104 5
138 1
7.4
19 0
9 2

179.4
169 9
141 8
8. 5
19 7
9 5

182.5
172 9
142.8
9.2
21.0
9 6

185.5
175 6
144.8
9.7
21. 1
9 9

190. 3
180 4
148.3
10.2
21.9
10 0

192 0
181 9
149 0
10.6
22 3
10 1

195. 0
184 8
151.4
10.7
22. 7
10 2

202.4
191 9
1 58. 4
10.5
23. 1
10 5

206.4
195 7
162 0
10.3
23 4
10 7

209. 7
198 8
164. 8
10. 4
23.6
10 9

210. 4
199 6
165 7
10. 4
23 5
10 8

208. 8
198 0
164 1
10.3
23 6
10 8

-.- -

50.8
25 9
15.6
9 3

51.5
25 9
16 3
9 3

51.9
26 0
16.4
9 5

52.9
26.2
17.0
9 7

51.0
26 4
14.7
9 9

52.5
26 8
15 6
10 1

54.2
26.8
17. 1
10 3

51.8
27 5
13.9
H) 4

51.6
27 6 1
13.7 •
10 4

50. 9
27 4
12.9
10 6

51. 3
27 3
13.3
10 7

40 4
49. 1
26 2
23.0
—S 7
6.0
25.0

41 1
42 1
22 4
19 7
—1 0
6.2
26.7

41.2
37.8
20 1
17. 7
35
6.4
28.4

41.1
39. 6
21. 1
18.5
1 5
6.6
29.0

39. 1
37.9
20. 1
17.8
1 3
6.7
30.1

36 6
35 5
18 8
16 7
1 2
6.9
30.9

36.0
35. 3
18. 7
16.6
7
7.2
31.5

38.9
38. 1
20 2
17.9
8
7.5
31. 5

40 5
40.9
21 6
19.3
— 4
7.8
31.7

39.8
41.4
21.9
19.6
— 1.6
8. 1
31.9

37.5
39.5
20 9
18.7
—2 0
S. 4
31.8

31.4
31.4
1C). 6
14.8
0
8.6
31.7

248.1

255 2

258.7

264. 3

266.1

269 7

275. 6

280. 6

285.4

288.7

289.8

289.7

28.3
25 5
2.9
219.8
211. 5
S 2

28 8
25 9
2 9
226. 4
205 5
20.9

29.2
26 2
3.0
229. 5
208 8
20.7

30. 5
27 5
3.0
233. 8
213 4
20.4

33. 9
30. 8
3.1
232.1
214.6
17.5

34. 0
30 8
3.2
235. 6
217 7
17.9

34.5
31.3
3.2
241.1
219.6
21.5

35. 0
31.7
3.3
245. 6
227.2
18.4

35. 5 i
32 1 i
3.3
250. 0
230. 9
19.0

35. 9
32.5
3.4
252.8
233.3
19. 6

36. 0
32.5
3.5
253.8
234.1
19. 7

35. 8
32 3
3. 5
253. 8
232. 3
21. 6

317.8

326.

341.3

347. 0

358. 6

364. 5

368.8

367.1

361.0

23 9
81
1 2
.0

24 1
28 3
1.2
.8
-.2

24 7
29 2
1. 2
2.6
_ 2

25 6
29 8
1.3 i
1.1 !
-.4 t

26. 8
30 4
1.4
.8
-.5

27. 4
30 4
1.4
1.2

National income

21
25
?6
27
28

Compensation of employees
-_.
Wages and salaries
Private
Military _
Government civilian
Supplements to wages and salaries

29
30
31
32

Proprietors' and rental income
Business and professional
Farm
Rental income of persons

33
34
35
30
37
38
39

Corporate profits and inventory valuation adjustment
Corporate profits before tax
. . . _.
Corporate profits tax liability
Corporate profits after tax
.
Inventory valuation adjustment
Net interest
Addendum: Compensation of general government employees-

1

-

_
.- -

51.2
27 5
13. 2 :
10 5 '

Personal Income and its Disposition
40

Personal income

41
42
43
44

Less* Personal tax and nontax payments
Federal
State and local
Equals: Disposable personal income
Less* Personal consumption expenditures
Equals: Personal saving
-

45
46

- -

_ ._
. _ . ..
_. _.

Relation of Gross National Product, National Income, and
Personal Income
Gross national product

Less* Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government enterprises

- -

53

Equals* National income

iK
59
60

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements
Plus* Government transfer payments
Net interest paid by government
Dividends
Business transfer payments

<;i

Equals* Personal income

54
55
56

1

Includes noncorporate inventory valuation adjustment.




-

4

333. 8

338. 1

341. 0

20 7
25 9
10
-.3
.3

21 5
25 0
10
1.0
2

22 4
25 4
10
3.1
2

23 2
26 3
1.0
1.7
.1

23 4
27 0
1. 1
2.3
-.1

270 8

47

48
49
50
51
52

278.2

282 0

286 0

287.2

288 0

292.4

300. 6

306. 3 I

40. 4
8.1
2
11.3
4.9
89
1.0

41. 1
8.2
— l
11 6
4.9
8 7
1. 0

41.2
8.1
8
11 7
5. 0
9 0
1.0

41. 1
8.3
— 6
11 7
5. 0
9.3
1.0

39.1
8.6
1
11.6
5.0
9.0
1.1

36. 6
8.5
1
11 7
5.0
8.9
1.2

36.0
8.6
— 3
12.3
5. 0
9.0
1.2

38.9
8.8
()
12.5
5.0
9.0
1.2

40. 5
8.8
0
12.7
5.1
9.3
1.3

248.1

255. 2

258. 7

264. 3

266. 1

269. 7

275. 6

280. 6

9

285.

:

4 1

26. 2
30 1
1. 4 .
2. 0
-.4 ,

308.7

307.2

300. 1

39.8 :•
8.9
—. 1
12.7 ;
5. 1
9.4 ;
1.4

37.5
8.7
—.1
12.8
5. 2
9.4
1.4

31.4
8.5

288.7 i

289.8

289. 7

13.4
5.3
9. 4
1.4

SURVEY OF CURRENT BUSINESS

July 1958

15

Income, and Personal Income, 1946-57—Continued
[Billions of dollars]
Seasonally adjusted at annual rates

1955

1954

1956

I

II

370.8

384.3

393.0

243.2
33.9
121.0
88.3

249.4
38.2
121.2
90.0

254.3
39.1
123.7
91.6

260.9
41.4
126.1
93.4

48.8
30.2

52.3
31.6

58.8
33.9

63.1
34.9

14.7
14.2
20.9
-2.7
-3.2

15.8
14.4
20.7
-2.1
-2.8

17.0
14.6
19.9
.8
.2

18.5
15.4
20.5
4.4
3.8

18.9
16.0
22.1
6.1
5.7

-.4

-.5

I

II

III

360.0

358.9

362. 0

233.7
31.2
117.9
84.6

236.5
32.2
118.8
85.5

238.7
32.3
119.6
86.9

46.6
27.8

47.2
28.9

13.7
14.1
21.4
-2.6
-2.8

IV

III

IV

1

II

Line

1957

IV

III

I

III

II

IV

410.8

414. 9

420.5

430.5

436.3

441.2

445.6

438.9

1

263.3
39.8
128.1
95.3

265.2
38.7
129.6
96.9

267.2
37.8
130.9
98.6

269.7
37.5
131.6
100.6

275.4
39.5
133.4
102.5

279.8
40.2
135. 5
104.1

282.5
39.5
137.1
105.9

288.3
40.4
140.5
107.4

287.2
39.6
138.8
108.7

2
3
4
5

65.4
35.4

67.6
35.4

68.0
35.2

67.7
35.8

68.1
35.8

68.8
36.2

65.9
36.1

67.0
36.1

66.7
36.6

61.5
37.1

6
7

18.9
16.5
24.4
5.7
5.5

18.4
17.0
25.4
6.7
6.7

17.8
17.4
25.9
6.9
7.4

17.7
18.1
26.6
5.4
6.2

17.6
18.3
27.3
4.9
5.3

17.7
18.4
28.2
4.4
4.6

17.2
18.9
28.7
1.1
.6

16.5
19. 6
28.1
2.9
2.0

16.9
19.7
28.0
2.2
1.3

17.6
19.6
26.7
-2.3
-3.1

8
9
10
11
12

0

.1

-.5

-.5

1.3

2.0

2.8

4.2

4.2

3.6

1.9

13

76.5

76.4

77.0

78.5

78.1

78.7

80.8

83.4

86.4

87.5

87.0

88.3

14

46.5
41.0
39.2
1.9
5.8
.4
30.5

47.5
41.2
39.1
2.1
6.8
.4
31.0

46.1
41.2
39.1
2.1
5.4
.4
32.0

46.0
41.4
39.1
2.3
5.0
.4
32.7

47.4
43.0
41.0
2.0
4.7
.4
33.4

49.1
44.5
42.1
2.4
5.0
.4
34.4

50.5
45. 8
43.7
2.1
5.1
.4
35.9

51.5
47.4
44.9
2.5
4.5
.4
36.0

50.9
46.9
44.9
2.0
4.5
.5
36.1

50.5
46.0
43.9
2.1
5.0
.5
37.8

15
16
17
18
19
20
21

403.4

408.9

-.9

.7

80.8

75.5

75.5

74.6

54.2
46.6
44.8
1.8
8.0
.4
26.5

48.3
43.1
41.5
1.6
5.6
.4
27.3

47.3
41.9
40.0
1.9
5.8
.4
28.2

45.9
40.6
38.4
2.1
5.6
.3
28.7

47.0
41.9
39.2
2.6
5.5
.4
29.5

46.2
41.1
38.8
2.2
5.6
.4
30.2

299.3

299.4

300.9

307.5

316.9

327.3

335.0

341.4

342.2

346.2

350.8

357.9

361.5

364.1

368.7

361.5

22

206.6
195.4
161.5
10.1
23.9
11.2

206.6
195.4
161.2
10.0
24.3
11.2

206.7
195.4
160.8
9.9
24.7
11.3

210.3
198.7
163.9
9.8
25.0
11.6

214.8
202.5
167.5
9.7
25.4
12.3

222.0
209.3
173.2
10.0
26.1
12.7

226.8
213. 5
177.3
9.8
26.4
13.3

231.7
218.1
181.5
9.7
26.9
13.5

235.3
221.4
184.3
9.7
27.4
13.9

240.6
226.4
188.6
9.7
28.0
14.2

243.0
228.2
189.8
9.7
28.8
14.7

248.1
232.9
194.1
9.6
29.3
15.1

251.6
235.6
196.2
9.6
29.8
16.0

254.9
238.4
198.6
9.7
30.2
16. 4

257.3
240.5
199.9
9.8
30.8
16.8

254.8
238.0
197.4
9.5
31.1
16.8

23
24
25
26
27
28

51.4
27.1
13.6
10.8

50.5
27.6
12.0
10.9

51.8
27.8
13.1
10.9

51.5
28.5
12.1
10.9

51.9
29.3
11.8
10.8

53.1
30.4
12.1
10.7

53.2
30.9
11.7
10. 6

53.2
31.0
11.5
10.7

52.7
30.7
11.3
10.7

52.9
30.9
11.3
10.7

53.6
30.8
11.9
10.9

54.1
30.9
12.0
11.2

54.1
31.1
11.5
11.4

54.7
31.4
11.6
11.7

55.5
31.7
11.8
12.0

55.0
31.3
11.5
12.2

29
30
31
32

32.5
32.5
16.5
16.1
.0
8.8
31.8

33.3
33.3
16.9
16.5
.0
9.0
32.2

33.0
33.7
17.1
16.7
-.7
9.3
32.5

36.1
36.6
18.5
18.1
-.5
9.6
32.8

40.3
41.4
20.2
21.3
-1.1
9.9
33.0

41.9
42.8
20.8
22.0
-.9
10.3
33.9

44.4
46.6
22.7
23.9
-2.2
10.6
34.3

45.8
48.6
23.6
24.9
-2.8
10.8
34.6

43.3
46.2
22.8
23.4
-2.8
10.9
35.2

41.6
44.8
22.1
22.7
-3.2
11.1
35.9

42.8
44.3
21.8
22.4
-1.5
11.4
36.8

44.0
46.7
23.0
23.7
-2.7
11.7
37.2

43.7
46.1
23.0
23.1
-2.4
12.1
37.8

42.0
43.5
21.7
21.8
-1.5
12.5
38.4

43.1
44.2
22.0
22.1
-1.1
12.8
39.1

38,8
39.9
19.9
20. 0
-1.1
12.9
39.2

33
34
35
36
37
38
39

287.4

287.6

289.7

294.2

298.5

307.5

313.8

319.7

322.3

328.7

332.3

338.1

342.3

348.4

351.8

349.7

40

32.7
29.1
3.7
254.6
233.7
21.0

32.8
29.0
3.8
254.8
236.5
18.3

32.9
29.1
3.8
256. 8
238.7
18.0

33.3
29.4
3.9
260.9
243.2
17.7

34.7
30.6
4.1
263.8
249.4
14.4

35.5
31.3
4.2
272.0
254.3
17.8

36.2
31.9
4.3
277.7
260.9
16.8

36.6
32.3
4.3
283.0
263.3
19.8

39.2
34.5
4.7
283.1
265.2
17.9

39.9
35.1
4.8
288.8
267.2
21.6

40.2
35.4
4.9
292.1
269.7
22.4

40.9
35.9
5.0
297.2
275.4
21.7

42.3
37.1
5.2
300. 0
279.8
20.3

42.7
37.3
5.3
305. 7
282.5
23.2

43.1
37.7
5.4
308.7
288.3
20.4

43.0
37.5
5.5
306.8
287.2
19.6

41
42
43
44
45
46

360.0

358.9

362.0

370.8

384.3

393.0

403.4

408.9

410.8

414.9

420.5

430.5

436.3

441.2

445.6

438.9

47

27.9
30.1
1.3
1.0
-.4

28.5
30.2
1.3
-.8
-.3

29.1
29.8
1.2
.8
2

29.9
30.5
1.2
1.7
.0

30.8
31.4
1.3
3.7
-.1

31.6
32.8
1.4
-.2
.0

32.4
33.3
1.5
1.2
.1

33.0
34.0
1.5
-.9
.2

33.7
34.5
1.5
-.2
.9

34.3
35.3
1.5
-1.3
1.0

35.0
35.8
1.5
-1.5
1.1

35.7
37.0
1.5
— .5
1.2

36.6
37.1
1.6
.9
1.4

37.5
37.8
1.6
1.5
1.4

38.1
37.9
1.6
.7
1.3

38.5
37.7
1.6
.7
1.2

48
49
50
51
52

299.3

299.4

300.9

307.5

316.9

327.3

335.0

341.4

342.2

346.2

350.8

357. 9

361.5

364.1

368.7

32.5
9.6

-°
14.1
5.4
9.4
1.3

33.3
9.6
.0
14.9
5.4
9.5
1.3

33.0
9.7
.0
15.2
5.4
9.7
1.2

36.1
9.9
.0
15.9
5.4
10.1
1.2

40.3
10.6
.1
15.7
5.3
10.2
1.3

41.9
10.8
.5
16.1
5.3
10.5
1.4

44.4
11.2
-.6
16.1
5.4
10.9
1.5

45.8
11.4
.0
16.2
5.5
12.2
1.5

43.3
11.9
.0
16.6
5.5
11.7
1.5

41.6
12.1
.0
17.0
5.7
12.0
1.5

42.8
12.5
.0
17.3
5.8
12.2
1.5

44.0
12.7
.0
17.6
5.9
11.8
1.5

43.7
14.0
.0
18.4
6.1
12.5
1.6

42.0
14.1
.0
19.9
6.2
12.6
1.6

287.4

287.6

289.7

294.2

298.5

307.5

313.8

319.7

322.3

328.7

332.3

338.1

342.3 !

348.4

-1.0

\1




i

43.1
14.3
.0
20. 0
6.2
12.7
1.6 !

351.8

361.5

53

38.8
14.2
.0
21.3
6.2
12.0
1.6

54
55
56
57
58
59
60

349.7

61

BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 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.
[Averages for the year 1957 are provided in the May 1958 issue of the SURVEY]
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS

1958

1957

June

May

July

Novem- DecemAugust Septem- October
ber
ber
ber

January

February

March

April

May

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:f
National income total
bil ofdol
Compensation of employees, total
Wages and salaries total
Private
Military
.
Government civilian
Supplements to wages and salaries

T

' 361. 5

350.6

' 257. 3
' 240 5
' 199. 9
9.8
30. 8
16.8

' 254. 8
' 238 0
' 197. 4
9.5
'31.1
' 16.8

' 250. 9
'234 4
' 192. 7
9.4
32.3
16.5

55. 5
31.7
11 8
12 0

' 55. 0
'31.3
' 11 5
' 12.2

55.3
30.6
12 6
12.1

42.0
43 5
21.7
21 8
' —1.5

43. 1
44 2
22.0
22 1
' — 1. 1

'38.8
'39.9
' 19.9
'20.0
' -1.1

31.3
31 7
16.1
15.5
' -.3

_

do

' 12.5

' 12.8

' 12.9

' 13.0

do

_.

Gross national product, total

' 441. 2

' 445. 6

' 438. 9

' 425. 8

' 282. 5
' 39. 5
' 137 1
r
105. 9

' T288. 3
40. 4
r
140 5
r
107. 4

' 287. 2
' 39. 6
' 138. 8
' 108. 7

' T286. 2
36.3
' 139 8
r
110. 1

' 61. 5
' 37. 1
r
26. 7
' -2.3

' 49.6
T
36 3
'22.9
' -9.5

Personal consumption expenditures, total. __do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment, totaL
New construction
Producers' durable equipment _ _ _ _ _
Change in business inventories

r
r

do
do
do_
do

67. 0
36 1
'28.1
2 9

Net foreign investment
do
Government purchases of goods and services, total
bil ofdol
Federal (less Government sales)
do
National security 9
...
do
State and local
do

.

' 66. 7
' 36 6
' r28. 0
2 2

. ___

r 3 fi

' 1 9

87 0
50 9
46. 9
36 1

88 3
50 5
46.0
37 8

' 89 5
r
50 9
' 45. 6
' 38 6

351. 8
' 43 1
'308 7

' 349. 7
43.0
' 306 8

' 347. 3
' 42 3
' 305 0

' 19 6

' 18.8

'4 2
T
r
T

r 87 5

r

51 5
' 47. 4
' 36 0

Personal income, total
... __ _ do
Less: Personal tax and nontax payments
do
Equals' Disposable personal income
do
Personal saving^

'368 7

54.7
31 4
11 6
11.7

Proprietors' and rental income, totalcf
do
Business and professional o"
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest

364 1

' 254. 9
r
238 4
T
198. 6
9.7
30.2
16.4

do
do
do
do
do
do

r

' 348. 4
' 42.7
'305 7

r

do

' 23.2

bil. of dol._

' 348. 6 ' 350. 8 ' 351. 9

do
_ _ do
do
do
do.

'240 1 '240 5
'240 8
' 102. 6 ' 103. 4 ' 103. 3 ' 103. 1 ' 102. 4
64 2
' 63 3 ' 63 9 ' 64 0 ' 64 2
'32.5
32 9
'32.6
'32.8
' 32 9
'40.2
40.7
'40.4
'40.0
' 40. 6

20 4

' 5

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual ratesrf
Total personal income
Wage and salary disbursements, total
Commodity-producing industries..
Distributive industries
Service industries
_
Government

Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends . do
Transfer payments
do
Less personal contributions for social insurance
bil. ofdol..

' 352. 1

'351.4

' 350. 6

' 350. 2

' 238 6 ' 238. 0
' 101. 5 ' 101.0
63 6
63 5
32 9
32.9
40.5
40.7

' 348. 4

' 348. 2

' 346. 4

' 347. 1

' 237 3 ' 235. 1 ' 233. 2 ' 232 6
' 95. 6 ' 95.3
99.8
'97.9
' 63 7 ' 63 5 ' 63 4 ' 62 9
'33.2
'33.2
' 33. 1
' 33.3
'41.0
'41.1
'40.6
'40.7

' 348. 1

' 349. 9

351.8

r

232. 0
95.0
62 4
33.4
41.2

' 233. 1
'95.6
' 62. 6
' 33.4
' 41. 5

235 3
96.4
63 0
33. 6
42.3

'8.9
' 54 7
'31.4
'21 8

' 54 9
'31.6
' 21 8

'9.1
' 55.6
'31.7
'21 7

'9.1
' 55 6
'31.8
'21 5

'9.1
55 4
31 8
21 5

'9.2
55 1
31.8
22 6

'9.2
54 8
31.8
23 0

'9.2
' 55 2
' 30. 0
' 23 3

'9.1
' 55 1
'31.8
' 23 9

'9.0
' 55 3
31.8
' 23 8

'8.9
' 55 7
31.7
' 24 8

* 8.9
56. 1
31.7
26 1

'8.9
T
56.5
'31.7
' 26 4

8.9
56 5
31.8
26 0

'6.6

'6.6

'6.7

'6.7

'6.6

'6.6

'6.6

'6.6

'6.7

'6.7

'6.6

'6.6

' 6.7

6.7

Total nonagricultural income
do
' 333. 3 ' 335. 6 ' 336. 2 ' 336. 6 ' 336. 1 ' 335. 7 ' 335. 2 ' 333. 0 ' 332. 5 ' 330. 1 1 ' 330. 5 '331.0 ' 332. 4 334. 4
' Revised.
t Revised series. Estimates of national income and product and personal income have been revised back to 1946; revisions beginning 1946 appear on pp. 12 ff. of this issue of
the STRVEY.
(^Includes inventory valuation adjustment.
? Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




S-l

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