Full text of Bureau of Economic Analysis (BEA) News Releases : Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2021, BEA 21-67 : Paycheck Protection Program Subsidies by Industry in the National Accounts, 2021Q3

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Release Date: December 22, 2021

Paycheck Protection Program Subsidies by Industry in the National Accounts, 2021Q3
(Billions of dollars, seasonally adjusted at annual rates)

Line
1 Total Paycheck Protection Program Subsidies to Private Industries
2
Agriculture, forestry, fishing, and hunting
3
Mining
4
Utilities
5
Construction
6
Manufacturing
7
Durable goods
8
Nondurable goods
9
Wholesale trade
10
Retail trade
11
Transportation and warehousing
12
Information
13
Finance and insurance
14
Real estate and rental and leasing
15
Professional, scientific, and technical services
16
Management of companies and enterprises
17
Administrative and waste management services
18
Educational services
19
Health care and social assistance
20
Arts, entertainment, and recreation
21
Accommodation and food services
22
Other services, except government

1

2020
Q4
246.3
4.1
2.4
0.7
33.8
28.2
19.2
9.0
14.5
21.1
8.9
4.7
6.3
8.1
34.0
0.8
13.7
2.3
27.3
3.2
22.0
10.3

Levels
Q1
184.6
6.4
2.3
0.3
25.4
20.3
14.4
5.8
7.6
8.8
5.7
2.7
1.5
4.1
20.8
0.3
7.4
3.2
19.0
4.1
33.0
11.6

2021
Q2
427.2
14.8
5.4
0.6
58.7
47.0
33.4
13.5
17.6
20.5
13.1
6.2
3.5
9.4
48.2
0.7
17.1
7.5
44.0
9.5
76.5
26.9

Q3
265.0
9.2
3.4
0.4
36.4
29.1
20.7
8.4
10.9
12.7
8.2
3.8
2.2
5.8
29.9
0.4
10.6
4.7
27.3
5.9
47.4
16.7

Change from preceding quarter
2021
Q1
Q2
Q3
-61.7
242.6
-162.2
2.3
8.4
-5.6
0.0
3.1
-2.1
-0.5
0.4
-0.2
-8.4
33.3
-22.3
-7.9
26.7
-17.8
-4.7
19.0
-12.7
-3.2
7.7
-5.1
-6.9
10.0
-6.7
-12.2
11.6
-7.8
-3.2
7.5
-5.0
-2.0
3.5
-2.3
-4.8
2.0
-1.3
-4.0
5.3
-3.6
-13.2
27.3
-18.3
-0.5
0.4
-0.3
-6.3
9.7
-6.5
1.0
4.3
-2.9
-8.3
25.0
-16.7
0.9
5.4
-3.6
11.0
43.4
-29.0
1.4
15.3
-10.2

1. The Coronavirus Aid, Relief, and Economic Security Act (CARES) authorized funding for loans to help small businesses and nonprofit institutions cover payroll and other operational expenses. BEA used data from the Small Business
Administration to allocate the forgivable portion of the business loans across industries. For more information, see How does the Paycheck Protection Program impact the national income and product accounts (NIPAs)?
NOTE: For national statistics, BEA publishes levels and changes at an annualized rate. To be consistent, the figures in this table also are annualized. For more information, see the FAQ "Why does BEA publish estimates at annual
rates?"
Data on this table will be superseded by updated estimates.
Source: U.S. Bureau of Economic Analysis