Full text of Bureau of Economic Analysis (BEA) News Releases : Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual Update, BEA 22-46 : Paycheck Protection Program Subsidies by Industry in the National Accounts

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Release Date: September 29, 2022

Paycheck Protection Program Subsidies by Industry in the National Accounts, 2022Q2
(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

2021
Q3
276.7
9.6
3.5
0.4
38.0
30.4
21.7
8.8
11.4
13.3
8.5
4.0
2.3
6.1
31.2
0.5
11.1
4.9
28.5
6.2
49.5
17.4

Levels
Q4

Q1
28.2
1.0
0.4
0.0
3.9
3.1
2.2
0.9
1.2
1.4
0.9
0.4
0.2
0.6
3.2
0.0
1.1
0.5
2.9
0.6
5.1
1.8

2022
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

Q2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

Change from preceding quarter
2021
2022
Q4
Q1
Q2
-248.5
-28.2
-8.6
-1.0
-3.1
-0.4
-0.4
0.0
-34.2
-3.9
-27.3
-3.1
-19.5
-2.2
-7.9
-0.9
-10.2
-1.2
-11.9
-1.4
-7.6
-0.9
-3.6
-0.4
-2.0
-0.2
-5.5
-0.6
-28.0
-3.2
-0.4
0.0
-9.9
-1.1
-4.4
-0.5
-25.6
-2.9
-5.5
-0.6
-44.5
-5.1
-15.7
-1.8

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

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