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NATIONAL INCOME AND PRODUCT TABLES Table 1.—Gross National Product in Current and Constant Dollars 1964 1962 1963 1964 1965 v 1965 IV II 1964 III IV v 1962 1963 1964 1965 P Seasonally adjusted at annual rates Gross national product.. 589.2 628.7 675.6 641.1 657.6 668.8 681.5 694.6 _,355.1 373.8 398.9 428.5 405.9 416.9 424.5 432.5 440.1 49.5 162.6 143.0 53.4 168.0 152.3 58.7 177.5 162.6 64.8 189.0 174.7 57.9 180.9 167.1 64.6 182.8 169.5 63.5 187.9 173.1 65.4 190. 5 176.7 65.7 194.8 179.6 Services Gross private domestic investment ___. II III TV* Billions of 1958 dollars __. 560.3 Durable goods.______ Nondurable goods— IV Seasonally adjusted at annual rates Billions of current dollars Personal consumption expenditures. _ _ _ _ _ 1965 550.0 577.6 609.0 584.7 597.7 603.5 613.0 621.7 352.4 372.1 394.1 376.8 386.1 390.5 396.9 402.8 49.2 158.4 131.1 53.2 161.8 137.3 58.5 169.4 144.2 65.4 177.0 151.6 57.9 171.8 147.1 64.5 173.2 148.4 63.4 176.4 150.7 66.4 177.8 152.7 67.4 180.8 154.7 95.4 94.2 96.9 97.8 62.5 20.3 42.2 24.3 23.8 .5 8.6 9.0 -.4 88.1 63.7 21.4 42.3 24.4 23.9 .5 6.2 6.4 -.2 89.7 66.0 21.0 45.0 23.7 23.2 .5 7.2 6.6 91.0 67.9 22.0 45.9 23.1 22.6 .5 6.8 5.6 1.2 530.0 83.0 86.9 92.9 104.9 97.7 103.4 102.8 106.2 107.5 79.4 82.3 86.3 96.1 90.2 77.0 51.7 19.2 32.5 25.3 24.8 81.2 54.3 19.7 34.6 26.9 26.3 88.1 60.5 21.1 39.4 27,5 27.0 97.5 69.8 24.3 45.5 27.6 27.1 90.2 63.5 21.5 42.0 26.7 26.2 94.6 66.9 23.2 43.7 27.7 27.1 96.4 68.4 24.5 43.9 28.0 27.5 98.6 70.9 24.2 46.7 27.7 27.1 .6 7.5 7.8 -.3 .6 8.8 9.2 -.4 .6 6.4 6.6 -.2 .6 7.6 7.0 .6 100.5 73.2 25.4 47.8 27.2 26.7 .5 7.0 5.8 1.2 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 81.7 57.1 18.9 38.3 24.6 24.0 .5 4.6 5.1 —.5 88.9 65.0 21.2 43.8 23.9 23.3 .5 7.2 6.9 .3 83.1 59.6 19.0 40.6 23.6 23.0 .5 7.1 7.3 7.4 41.4 34.1 4.5 30.0 25.5 5.6 32.2 26.5 8.5 36.5 27.9 6.0 37.3 31.3 37.3 29.0 5.1 32.9 27.8 6.6 38.5 31.9 6.2 38.3 32.1 6.1 39.5 33.4 107.5 60.0 109.8 59.7 110.7 57.8 112.8 57.2 109.4 56.1 111.2 56.4 112.1 56.8 113.0 57.0 114.9 58.fi 47.5 50.0 52.8 55.6 53.3 54.8 55.3 56.0 56.3 Fixed investment NonresidentiaL _ ___ . Structures. Producers' durable equipment __. Residential structures—___-_____—______ .6 Nonfarm ...... 6.0 Farm. _, 5.3 Change in business inventories .7 Nonfarm __. Farm____ __. 5.1 Net exports of goods and services _; Exports... __. 30.3 25.1 Imports—-. Government purchases of goods and services _. 117.1 Federal ___. 63.4 National defense 51.6 Other ___________________ 11.8 State and local 53.7 5.9 8.6 7.2 8.9 6.0 8.0 7.4 32.4 26.4 37.0 28.5 39.2 32.0 38.4 29.5 34.7 28.6 40.4 32.4 40.1 32.7 122.6 64.4 50.8 13.6 58.3 128.4 65.3 49.9 15.4 63.1 135.0 66.7 49.9 16.8 68.2 128.6 64.3 48.8 15.5 64.3 131.3 64.9 48.8 16.1 66.4 133.5 65.7 49.2 16.5 67.8 135.4 66.5 49.8 16.7 68.9 139.6 69.7 52.0 17.7 Addendum: Implicit price deflator for seasonally adjusted GNP, 1958=100_____.________ 107.1 108.9 110.9 109.6 110.0 110.8 111.2 111.7 105.7 .6 5.7 4.9 .8 .6 4.8 5.4 -.6 .6 7.4 7.1 .3 p Preliminary. Table 3.—Personal Income and Its Disposition [Billions of dollars] 1965 1964 Table 2.—National Income by Type of Income 1962 1963 1964 1965* IV [Billions of dollars] 1964 II III IV National income _ . 457.7 481.1 514.4 554.6 526.3 540.6 549.5 557.9 Other labor income.. 13.9 14.8 16.5 18.2 17.1 17.5 18.1 18.4 18.9 Proprietors* income Business and professional.. Farm... 50.1 50.8 51.1 54.5 51.8 51.9 54.6 55. 4 56.2 37.1 37.8 39.1 40. 3 39.6 39.9 40.1 40.4 40.7 13.0 13.0 12.0 14.3 12,2 12.0 14.5 15.0 15.5 Rental income of personsDividends 16.7 17.6 18.2 18.6 18.5 18.5 18.6 18.6 18.7 15.2 15.8 17.2 18.9 17.7 18.0 18.6 19.2 19.9 Personal interest income. 27.7 31.1 34.3 37.1 35.3 36.0 36.7 37.5 38.2 296.1311.2 333.5 357.'. 4 342.6 348.9 353.6 359. 0 368.1 240.1 251. 6 269.2 288. 5 276.5 282. 0 285.9 290. 0 296.1 10.8 10.8 11.7 12.4 11.9 11.8 11.8 12.3 13.7 45.2 48.8 52.6 56.5 54.3 55.0 55.9 58.3 56". 7 35.5 Supplements to wages and salaries— 27.5 29.8 31.8 34.5 32.7 33.5 34.3 34.7 Employer contributions for social 16.6 insurance_________ __ 13.7 15.0 15.4 16.3 15.7 16.0 16.2 Other labor income___ ___. 13.9 14.8 16.5 18.2 17.1 17. 18.1 16.3 18.9 Employer contributions to private 18.4 pension and welfare funds _______ 11.4 12.1 13.5 Other—.— ___. 2.5 2.7 2.9 50.1 50.8 51.1 54.5 51.8 51.9 54.6 55.4 56.2 Business and professional—_________ 37.1 37.8 39.1 40.3 39.6 39.9 40.1 40.4 40.7 Income of unincorporated enterprises- 37.1 37.8 39.1 40.6 Inventory valuation adjustmentFarm—. 13.0 13.0 12.0 14.3 12.2 12.0 14. 15.0 15.5 Rental income of persons Profits before tax._________ Profits tax liability Profits after tax__ Dividends— _. Undistributed profits- Preliminary. 26 353. 6 359.0 368.1 142.3 144.4 148. 0 114. 2 116. 0 118.9 VI 87.0 88.2 57.5 58.5 59.9 67.7 69.0 72.0 Transfer payments 33.3 35.2 36.6 39.2 36. 38.4 37.5 41.2 39.7 Old-age and survivors insurance benefits 14.3 15.2 16. 0 18.0 16.3 16.6 16.6 20.4 18.6 State unemployment insurance benefits2.9 2.8 2.6 2.2 2.4 2.4 2.2 2.2 2.0 Veterans' benefits 4.8 5.0 5.3 5.6 5.3 5.5 5.6 5.6 5.7 Other_____ ...... 11.2 12.1 12.7 13.4 12.7 13.9 13.1 13.1 13.4 Less: Personal contributions for social insurance.... ____-.____ _._ 10.3 11.8 12.4 13.: 12.7 12.9 13.0 13.3 13.6 18.6 18.6 18.7 65.4 Less: Personal tax and nontax payments. _ 57.4 64.8 66.2 64.8 65.7 Equals: Disposable personal income 385.3 403.8 435 .8 465.3 446.4 451.4 458.5 471 480.3 55. 58.1 64.5 73.1 64.9 71.' 72.0 73.5 n.a. Less: Personal outlays- 55.4 24.2 31.2 15.2 16.0 58.6 26.0 32.6 15.8 16.8 64.8 27.6 37. 17.2 19.9 74.6 30.1 44.5 18.9 25.6 Inventory valuation adjustmentNet interest._—__—_. 296.1 311. 2 333. 5 357. 4 342.7 348.(.9 120.8 125.7 133.9 143.9 137.4 140.8 96.7 100.6 107.2 110. 0 113. 0 72.5 76.0 81.1 86.5 83.2 84.7 46.8 49.9 54.1 58.1 55.9 56.5 66.2 56.0 59.6 64.3 17.6 18.2 18.6 18.5 18. i ____. Corporate profits and inventory valuation adjustment.... ______ __. 442.6 464.8 495. 0 530. 7 507.1 516. 2 524.7 536.0 546.0 323.6 341.0 365.3 391 .9 375.4 382.4 387.9 393.7 403.6 Wages and salaries _. Private ___ _. Military—__________ Government civilian.. Proprietors' income- Personal incdme.. Wage and salary disbursements.—Commodity-producing industries Manufacturing ___ Distributive industries . Service industries Government..— _______ Seasonally adjusted at annual rates Compensation of employees.. III IV Seasonally adjusted at annual rates 1965 1962 1963 1964 1965* IV II 65.9 28.1 37.8 17. 20.0 -1.0 11.6 13.6 15.2 16.5 15.7 73.1 29.5 43.6 18.0 25.7 -1. 73.9 29.8 44.1 18.6 25.5 74.6 30.1 44.5 19.2 25.3 n.a. n.a. n.a. 19.9 n.a. -1.8 -1.2 -1.6 16.1 16.4 16. 17.1 363.7 383.4 409.5 440.2 416.9 428.1 436.1 444.4 452.3 Personal consumption expend.tures ____' . 355.1373.8 398.9 428. 5 405.9 416.9 424. 5 432. 5 440.1 Interest paid by consumers 8.1 9.0 10.0 11.1 10.4 10.6 11.0 11.3 11.6 Personal transfer payments to .6 foreigners—--—, .6 .6 .6 Equals: Personal saving.. _ _ 21.6 20.4 26.3 25.1 29.5 23.3 22.4 26.8 28.0 Addendum: Disposable personal income in constant (1958) dollars.— ______ 367.6 380.6 406.5 428.1 414.5 417.9 421.' 432.3 439.4 Table 7.—National Income by Industry Division Table 4.—Relation of Gross National Product, National Income, and Personal Income [Billions of dollars] [Billions of dollars] 1964 1965 1965 1964 1962 1962 1963 1964 1965* IV I II 1963 1964 1965 IV II III IV III IV Seasonally adjusted at annual rates Seasonally adjusted at annual rates AH industries, total_______ 457.7 481.1 514.4 554.6 526.3 540.6 549.5 557.9 560.3 589.2 628.7 675.6 641.1 657.6 668.8 681.5 694.6 G r o s s n a t i o n a l p r o d u c t _________ Less: Capital consumption allowances. __ 50.0 52.8 55.7 58.7 56.9 57.7 58.3 59.1 510.4 536.5 573.0 616.8 584.3 599.9 610.5 622.4 634.7 Equals: Net national product Less: Indirect business tax and nontax liability ____,.__-____-__. 51.5 54.6 58.0 62.0 59.3 61.5 61.4 62.0 62.9 Business transfer payments _. 2.1 2.2 2.3 2.3 2.4 2.3 2.3 2.3 2.3 - 2 . 2 - 3 . 1 - 1 . 4 1.4 .5 - . 7 - . 5 Statistical discrepancy. ____ ___. Plus: Subsidies less current surplus of government enterprises . 1.2 1.4 •1.2 1.4 1.5 1.2 1.3 1.1 457.7 481.1 514.4 554.6 526.3 540.6 549.5 557.9 Equals: National income. Less: Corporate profits and inventory valuation adjustment___-__-____. 55.7 58.1 64.5 73.1 64.9 71.7 Contributions for social insurance__ 24.0 26.8 27.8 29.5 28.4 28.9 .0 Wage accruals less disbursements. _ .0 .0 .0 .0 - . 1 72.0 73.5 29.2 29.6 30.2 .0 .0 .0 Agriculture, forestry, and fisheries-_ Mining and construction _______ Manufacturing. _ Nondurable goods--.—Durable goods_.__ ______ Transportation-_ __________ CommunicationElectric, gas, and sanitary services Wholesale and retail trade Finance, insurance, and real estate ____________________ Services.-.____ Government and government enterprises . Best of the world n.a. n.a. n.a. n.a. n.a. n.a. n.a. 18.5 18*6 17.6 19.9 17.7 17.4 20.2 20.6 28.5 30.1 32.4 34.6 33.5 34.0 34.2 34.7 137. 0 143.8 154.7 169.6 158.1 166.7 167.4 170.2 55.6 57.7 61.9 66.2 63.3 65. 5 65.6 66.2 81.4 86.1 92.8 103.4 94.8 101.2 101.8 104.0 19.1 19.9 21.0 22.6 21.4 21.8 22.5 22.9 9.8 10.6 11.3 10.8 11.0 11.0 11.4 9.7 70.3 10.2 73.3 50.7 50.7 60.7 3.3 11.2 81.8 59. 2 60.1 11.6 82.6 11.6 83.6 n.a. n.a. 61.8 11.1 79.5 58.8 59.5 60.3 61.1 60.8 62.4 74.9 4.6 71.9 3.9 72.7 4,6 73.7 4.8 75.0 4.5 n.a. n.a. n.a. n.a. 11.6 83.2 53.2 54.1 10.8 78.1 57.0 58.0 64.8 3.3 70.0 4.1 p Preliminary. Plus: Government transfer payments to persons... __„_ 31.2 33.0 34. 2 36.8 34.4 36.0 35.1 38.9 37.3 Interest paid by government (net) 16.1 17.5 19.1 20.6 19.5 19.9 20.4 20.8 21.1 and by consumers 15.2 15.8 17.2 18.9 17.7 18.0 18.6 19.2 19.9 Dividends __ Business transfer payments— _. 2.1 2.2 2.3 2.3 2.4 2.3 2.3 2.3 2.3 Equals: Personal income.. 442.6 464.8 495.0 530.7 507.1 516.2 524.7 536.0 546.0 Table 8.—-Personal Consumption Expenditures by Major Type [Billions of dollars] p Preliminary. 1964 Table 5-.—Foreign Transactions in the National Income and Product Accounts 1962 1963 1964 1965 [Billions of dollars] 1964 1962 1963 1964 1965 v ii in Personal consumption expenditures. iv Durable goods______ Seasonally adjusted at annual rates Receipts from foreigners. ___ _ _ 30.3 32.4 37.0 39.2 38.4 34.7 40.4 40.1 41.4 Exports of goods and services.__ 30.3 32.4 37.0 39.2 38.4 34.7 40.4 40.1 41.4 30.3 32.4 37.0 39.2 38.4 34.7 40.4 40.1 41.4 Imports of goods and services. __ 25.1 Payments to foreigners.__ Transfers to foreigners... _.__ Government Net foreign investment IV II III Seasonally adjusted at annual rates 1965 IV 1965 26.4 28.5 32.0 29.5 28.6 32.4 32.7 34.1 2.7 .5 2.2 2.8 .6 2.2 2.7 .6 2.2 2.8 .6 2.2 2.7 2.6 3.1 2.8 2.1 a 2.0 a 2.4 2.1 2.8 .6 2.1 2.5 3.2 5.8 4.4 6.2 3.4 5.0 4.7 4.6 Preliminary. 355.1 373.8 398.9 428.5 405.9 416.9 424.5 432.5 440.1 _. 49.5 53.4 58.7 64.8 57.9 64.6 63.5 65.4 Automobiles and parts.T Furniture and household equipment ___. Other ________________ 22.0 24.3 25.8 29.9 24.8 30.3 29.3 30.3 29.6 20.5 6.9 21.9 7.3 24.7 8.2 25.9 9.0 24.8 8.3 25.5 8.8 25.4 8.9 26.0 9.1 26.9 9.2 65.7 Nondurable goods. Food and beverages_ Clothing and shoes... Gasoline and oil_____. Other.. _______ 162.6 168.0 177.5 189.0 180.9 182.8 187.9 190.5 85.7 88.2 92.3 98.2 94.1 94.8 97.3 99.3 29.6 30.5 33.3 35.1 34.0 34.3 35.0 35.2 12. 9 13.5 14.0 14.7 14.2 14.2 14.7 14.8 34.4 35.8 37.8 41.0 38.6 39.5 40.8 41. 2 194.8 101.4 36.0 14. 9 42.5 Services _.: . Housing-. Household operation.. Transportation _. Other. _ 143.0 152.3 162.6 174.7 167.1 169.5 173.1 176.7 52.0 55.5 59.5 64.7 61.4 62.7 64.0 65.3 22.0 23.1 24.4 25.8 24.8 24.9 25.5 26.3 11.0 11.4 11.7 12.2 11.9 11.9 12.1 12. 3 58.0 62.3 67.0 72.0 69.1 70.0 71.4 72.7 179.6 66.7 26.6 12.5 73.8 p Preliminary. Table 6.—Gross National Product by Major Type of Product in Current and Constant Dollars 1964 1962 1963 1964 1965 p 1965 IV II 1964 III 1962 1963 1964 1965 p Seasonally adjusted at annual rates Final sales. __________ Inventory change Goods output Final sales. ____ Inventory change Durable goods output Final sales ________ Inventory change. ___. Nondurable goods output. Final sales.. Inventory change Services __. Structures •_. A d d e n d u m : Auto product IV II III BiUions of 1958 dollars 560.3 589.2 628.7 675.6 641.1 657.6 668.8 681.5 694.6 530.0 550.0 577.6 609.0 584.7 597.7 603.5 613.0 621.7 554.3 6.0. 583.5 5.7 623.9 4.8 633.6 7.5 648.8 8.8 662.4 6.4 673.9 7.6 687.5 7.0 524.0 6.0 544.4 5.7 573.0 4.6 601.8 7.2 577.7 7.1 589.2 8.6 597.3 6.2 605.8 7.2 614.9 6.8 284.5 296.8 316.1 668.1 7.4 340.8 323.3 331.6 335.5 344.6 351.4 277.5 288.3 304.6 324.6 310.2 317.9 319.1 327.9 333.6 278.5 6.0 291.1 5.7 311.3 4.8 333.3 7.4 315.8 7.5 329.1 6.4 337.1 7.6 344.4 7.0 271.5 6.0 282.6 5.7 300.0 4.6 317.4 7.2 303.1 7.1 309.3 8.6 313.0 6.2 320.7 7.2 326.8 6.8 109.0 106.2 2.8 115.9 113.1 2.8 126.1 122.8 3.3 139.3 133.4 5.9 128.8 124.3 4.4 322.8 8.8 137.2 130.1 7.1 136.6 130.3 6.2 141.9 135.4 6.5 141.5 137.7 107.0 104.1 2.8 114.0 111.2 2.8 123.1 120.0 3.1 135.9 130.2 5.7 125.5 121. 2 4.3 133.7 126.7 7.0 132.5 126.5 6.0 138.8 132.6 6.2 138.7 135.1 175.5 172.2 3.2 181. 0 178.1 2.9 190.0 188.4 1.5 201.5 200.0 1-5 194.6 191.5 3.1 194.4 192.8 1.6 198.9 198.7 .2 202.7 201.7 1.0 210.0 206.7 3.2 170.5 167.4 3.1 174.3 171.4 2.9 181.5 180.0 1.5 188.7 187.2 1.5 184.7 181.9 2.8 184.3 182. 7 1,6 186.6 186.5 .2 189.1 188.1 1.0 194.9 191.7 3.2 213.3 62.6 22.5 226.9 65.5 25.0 244.0 68.6 25.9 261.1 73.7 31.4 249.7 68.1 23.4 253.8 72.1 33.0 259.0 74.2 31.5 263.0 73.9 31.2 74.5 30.0 193.7 58.8 22.0 201.5 60.2 24.7 211.5 61.4 25.5 220.3 64.0 31.5 214.3 60.3 23.2 216.4 63.5 32.7 219.5 64.9 31.2 221.3 63.7 31.4 224.1 64.0 30.8 p Preliminary. IV Seasonally adjusted at annual rates Billions of current dollars Gross national product 1965 27 CURRENT BUSINESS STATISTICS JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series, monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. 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. OF CUKRENT BUSINESS. 1962 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1963 1964 1962 IV Annual total I II 1965 1964 1963 III IV I II III III II I IV IV* * Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT Gross national product, total. 1 bil. $__ 560.3 589.2 628.7 572.0 577.0 583.1 593.1 603.6 614.0 624.2 634.8 641.1 ' 657.6 668.8 681. 5 Personal consumption expenditures, total do____ 355.1 373.8 398.9 363.0 368.0 371.1 376.6 379.5 389.1 396. 0 404.6 405.9 416.9 424.5 432. 5 440.1 Durable goods, total9 Automobiles and parts Furniture and household equipment Nondurable goods, total 9 Clothing and shoes Food and beverages Gasoline and oil do do____ do do do do do 49.5 22.0 20.5 53.4 24.3 21.9 58.7 25.8 24.7 51.1 23.0 21.0 52.2 23.6 21.4 52.6 23.9 21.4 54.1 24.6 22.1 54.9 24.9 22.7 57.4 25.5 23.9 59.1 25.7 25.1 60.5 27.1 25.0 57.9 24.8 24.8 '64.6 '30.3 ' 25. 5 '63.5 '29.3 '25.4 ' 65. 4 '30.3 '26.0 65.7 29.6 26.9 162. 6 29.6 85.7 12.9 168. 0 30.5 88.2 13.5 177. 5 33.3 92.3 14.0 165.3 30.2 86.7 13.4 166.6 30.3 87.5 13.3 167.4 30.2 88.1 13.4 169.2 31.1 88.5 13.5 168.9 30.6 88.7 13.7 173.7 32.3 90.6 14.0 175.7 33.2 91.3 13.9 179.8 33.8 93.3 14.0 180.9 ' 182.8 34.0 34.3 94.1 '94.8 14.2 14.2 187.9 35.0 '97.3 14.7 190. 5 '35.2 99.3 14.8 194.8 36.0 101.4 14.9 do_. do_. do_! _do_. 143. 0 22.0 52.0 11.0 152.3 23.1 55.5 11.4 162.6 24.4 59.5 11.7 146.7 22.4 53.6 11.2 149.2 22.8 54.5 11.3 151.1 22.8 55.3 11.4 153.3 23.5 55.7 11.4 155.7 23.3 56.5 11.5 158.0 23.6 57.5 11.7 161.2 24.4 58.8 11.7 164.3 24.8 60.1 11.8 167.1 ' 169. 5 24.8 24.9 61.4 62.7 11.9 '11.9 173.1 '25.5 64.0 12.1 • 176.7 '26.3 65.3 '12.3 179.6 26.6 66.7 12.5 90.9 92.6 Services, total 9 Household operation Housing Transportation ____ Gross private domestic investment, total do 83.0 86.9 92.9 84.7 82.6 84.8 87.9 92.4 89.7 ...do do___. do____ do do do____ do _.__do 77.0 51.7 19.2 32 5 25.3 24.8 6.0 5.3 81.2 54.3 19.7 34.6 26.9 26.3 5.7 88.1 60.5 21.1 78.3 52.7 19.5 33.2 25.6 25.0 6.4 5.3 78.1 52.1 19.0 33.1 26.0 25.4 4.5 80.1 53. 4 19.2 34.2 26.7 26.1 4.7 4.2 82.1 55.1 20.0 35.1 26.9 26.4 5.8 5.2 84.3 56.5 20.5 36.0 27.9 27.3 8.1 86.5 58.1 20.7 37.5 28.4 27.8 3.3 3.6 58.9 21.1 37.9 27.9 27.3 4.1 5.1 __do_ do_. do. 5.1 30.3 25.1 5.9 32.4 26.4 4.9 30.5 25.5 4.5 30.0 25.6 6.2 32.4 26.2 5.7 32.6 26.9 7.3 34.4 27.1 36.3 27.5 7.7 36.0 28.2 Govt. purchases of goods and services, total..do Federal _.._ do National defense _.__do State and local •_ do. 117.1 63.4 51.6 53.7 122.6 64.4 50.8 58.3 119.3 64.4 50.9 55.0 121.9 65.4 51.5 56.5 120.9 63.6 50.5 57.4 123.0 64.2 51.0 58.8 124.3 64.4 50.3 59.9 126.3 65.0 49.8 61.3 129.7 67.0 51.7 62.7 By major type of product: Final sales, total Goods, total Durable goods Nondurable goods Services Structures 554.3 278.5 106.2 172.2 213.3 62.6 583.5 291.1 113.1 178.1 226.9 65.5 623.9 311.3 122.8 188.4 244.0 565.6 283.8 108.1 175.6 218.5 63.4 572.5 287.2 109.8 177.4 222.1 63.2 578.4 289.2 112.0 177.2 225.1 64.1 587.3 292.9 114.3 178.6 228.2 66.2 595. 5 295.3 116.2 179.1 232.1 68.0 610.7 304.9 120.1 184.9 237.3 68.5 620.1 308.3 121.6 186.8 242.8 69.0 6.0 2.8 3.2 5.7 2.8 2.9 4.8 3.3 1.5 6.4 1.7 4.7 4.5 2.0 2.5 4.7 3.4 1.4 5.8 2.3 3.5 8.1 3.8 4.3 3.3 2.2 1.1 4.1 3.5 bil. $_ 530. 0 550.0 577.6 538.5 541.2 544.9 553.7 560.0 567.1 575.9 Personal consumption expenditures, total_.__do___ 338.6 352.4 372.1 344.8 348.3 350.0 355.1 356.4 364.5 49.2 158.4 131.1 53.2 161.8 137. 3 58.5 169.4 144.2 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 Fixed investment Nonresidential Structures Producers' durable equipment. Residential structures Nonfarm Change in business inventories Nonfarm___ Net exports of goods and services Exports.Imports Inventory change, total Durable goods Nondurable goods do do do do____ do do____ do_. do.. _do_. 4.9 39.4 27.5 27.0 4.8 5.4 37.0 28.5 128.4 65.3 49.9 63.1 107.5 97.7 .1103.4. 1.102.8 ' 96. 4 21.5 42.0 26.7 26.2 7.5 7.8 '94.6 '66.9 '23.2 '43.7 27.7 27.1 '8.8 '9.2 '68.4 '24.5 '43.9 28.0 27.5 '6.4 '70.9 '24.2 '46.7 '27.7 27.1 '7.6 '7.0 100.5 73.2 25 A 47.8 27.2 26.7 7.0 5.8 8.9 38.4 29.5 '6.0 '34.7 28.6 '8.0 ' 40.4 '32.4 '7.4 '40.1 '32.7 7.4 41.4 34.1 128.6 64.3 48.8 64.3 131.3 64.9 '48.8 '66.4 133. 5 '65.7 '49.2 '67.8 • 135. 4 139.6 69.7 52.0 631.0 316.0 125.4 190.6 246.4 633.6 315.8 124. 3 191.5 249.7 68.1 ' 648. 8 ' 322. 8 ' 130.1 192. 8 r 253.8 '72.1 • 662.4 329.1 • 130.3 • 198. 7 " 259. 0 '74.2 • 673.9 337.1 135.4 • 201.7 ' 263.0 '73.9 2.7 1.1 7.5 4.4 3.1 7.1 1.6 '6.4 6.2 '.2 582.6 584.7 • 597. 7 ' 603. 5 r 613. 0 621. 7 377.3 376.8 • 386.1 ' 390. 5 ' 396.9 402.8 58.7 167.8 143.3 60.2 171.6 145.5 57.9 171.8 147.1 67.4 180.8 154.7 61.6 21.1 40.5 27.2 26.6 3.8 4.6 37.3 28.5 128.7 64.9 49.5 63.8 90.2 63.5 r '66.5 '49.8 '68.9 1 '7.6 '6.5 '1.0 687.5 344.4 137.7 206.7 268.6 74.5 7.0 3.8 3.2 GNP in constant (1958) dollars Gross national product, total 79.4 82.3 86.3 80.7 78.7 80.5 83.0 86.9 85.2 86.0 90.2 '66.4 '64.5 p ' 6 3 . 4 4 ' 177. 8 • 173. 2 • 176. 150.7 ' 152. 7 • 148. 4 '96.9 '94.2 '95.4 Fixed investment.; Nonresidential Residential structures Change in business inventories do_. do.. do.. do.. 73.4 49.7 23.8 6.0 76.6 51.9 24.7 5.7 81.7 57.1 24.6 4.6 74.5 50.7 23.8 6.2 74.2 50.0 24.2 4.4 75.8 51.2 24.6 4.6 77.2 52.6 24.6 5.8 79.0 53.7 25.3 7.9 80.7 55.1 25.7 3.0 80.7 55.7 25.0 4.5 82.2 58.1 24.1 3.8 83.1 59.6 23.6 7.1 '88.1 '63.7 ' 24.4 '6.2 Net exports of goods and services do_. 4.5 5.6 8.5 4.4 4.0 5.8 5.5 7.1 9.0 8.1 Durable goods. Nondurable goods Services do.. do.. _do_. Gross private domestic investment, total.....do 110.3 110.7 108.5 Govt. purchases of goods and services, total. _do 107.5 109.8 61.3 Federal do_ 57.8 60.6 60.0 59.7 State and local do_ 49.1 52.8 48.0 47.5 50.0 ' Revised. » Preliminary. i Preliminary annual totals for 1965 for components shown in this column appear on pp. 26-28 of this issue of the SURVEY. 109.9 110.0 109.6 112.8 108.7 59.7 58.2 58.7 59.9 59.2 50.3 51.7 50.8 52.9 49.5 9 Includes data not shown separately. '62.5 24.3 8.6 8.7 8.3 ' 5.1 110.5 57.1 53.4 109.4 56.1 53.3 '111. 2 56.4 '54.8 '89.7 '66.0 '23.7 '7.2 '6.6 r 112.1 56.8 '55.3 4 91.0 67.9 23.1 '6.2 6.1 ' 113. 0 '57.0 '56.0 114.9 58.6 56.3 s-l 796-566 O - 66 - 3 97.8 NATIONAL INCOME AND PRODUCT TABLES Table 1.—Gross National Product in Current and Constant Dollars 1964 1962 1963 1964 1965 v 1965 IV II 1964 III IV v 1962 1963 1964 1965 P Seasonally adjusted at annual rates Gross national product.. 589.2 628.7 675.6 641.1 657.6 668.8 681.5 694.6 _,355.1 373.8 398.9 428.5 405.9 416.9 424.5 432.5 440.1 49.5 162.6 143.0 53.4 168.0 152.3 58.7 177.5 162.6 64.8 189.0 174.7 57.9 180.9 167.1 64.6 182.8 169.5 63.5 187.9 173.1 65.4 190. 5 176.7 65.7 194.8 179.6 Services Gross private domestic investment ___. II III TV* Billions of 1958 dollars __. 560.3 Durable goods.______ Nondurable goods— IV Seasonally adjusted at annual rates Billions of current dollars Personal consumption expenditures. _ _ _ _ _ 1965 550.0 577.6 609.0 584.7 597.7 603.5 613.0 621.7 352.4 372.1 394.1 376.8 386.1 390.5 396.9 402.8 49.2 158.4 131.1 53.2 161.8 137.3 58.5 169.4 144.2 65.4 177.0 151.6 57.9 171.8 147.1 64.5 173.2 148.4 63.4 176.4 150.7 66.4 177.8 152.7 67.4 180.8 154.7 95.4 94.2 96.9 97.8 62.5 20.3 42.2 24.3 23.8 .5 8.6 9.0 -.4 88.1 63.7 21.4 42.3 24.4 23.9 .5 6.2 6.4 -.2 89.7 66.0 21.0 45.0 23.7 23.2 .5 7.2 6.6 91.0 67.9 22.0 45.9 23.1 22.6 .5 6.8 5.6 1.2 530.0 83.0 86.9 92.9 104.9 97.7 103.4 102.8 106.2 107.5 79.4 82.3 86.3 96.1 90.2 77.0 51.7 19.2 32.5 25.3 24.8 81.2 54.3 19.7 34.6 26.9 26.3 88.1 60.5 21.1 39.4 27,5 27.0 97.5 69.8 24.3 45.5 27.6 27.1 90.2 63.5 21.5 42.0 26.7 26.2 94.6 66.9 23.2 43.7 27.7 27.1 96.4 68.4 24.5 43.9 28.0 27.5 98.6 70.9 24.2 46.7 27.7 27.1 .6 7.5 7.8 -.3 .6 8.8 9.2 -.4 .6 6.4 6.6 -.2 .6 7.6 7.0 .6 100.5 73.2 25.4 47.8 27.2 26.7 .5 7.0 5.8 1.2 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 81.7 57.1 18.9 38.3 24.6 24.0 .5 4.6 5.1 —.5 88.9 65.0 21.2 43.8 23.9 23.3 .5 7.2 6.9 .3 83.1 59.6 19.0 40.6 23.6 23.0 .5 7.1 7.3 7.4 41.4 34.1 4.5 30.0 25.5 5.6 32.2 26.5 8.5 36.5 27.9 6.0 37.3 31.3 37.3 29.0 5.1 32.9 27.8 6.6 38.5 31.9 6.2 38.3 32.1 6.1 39.5 33.4 107.5 60.0 109.8 59.7 110.7 57.8 112.8 57.2 109.4 56.1 111.2 56.4 112.1 56.8 113.0 57.0 114.9 58.fi 47.5 50.0 52.8 55.6 53.3 54.8 55.3 56.0 56.3 Fixed investment NonresidentiaL _ ___ . Structures. Producers' durable equipment __. Residential structures—___-_____—______ .6 Nonfarm ...... 6.0 Farm. _, 5.3 Change in business inventories .7 Nonfarm __. Farm____ __. 5.1 Net exports of goods and services _; Exports... __. 30.3 25.1 Imports—-. Government purchases of goods and services _. 117.1 Federal ___. 63.4 National defense 51.6 Other ___________________ 11.8 State and local 53.7 5.9 8.6 7.2 8.9 6.0 8.0 7.4 32.4 26.4 37.0 28.5 39.2 32.0 38.4 29.5 34.7 28.6 40.4 32.4 40.1 32.7 122.6 64.4 50.8 13.6 58.3 128.4 65.3 49.9 15.4 63.1 135.0 66.7 49.9 16.8 68.2 128.6 64.3 48.8 15.5 64.3 131.3 64.9 48.8 16.1 66.4 133.5 65.7 49.2 16.5 67.8 135.4 66.5 49.8 16.7 68.9 139.6 69.7 52.0 17.7 Addendum: Implicit price deflator for seasonally adjusted GNP, 1958=100_____.________ 107.1 108.9 110.9 109.6 110.0 110.8 111.2 111.7 105.7 .6 5.7 4.9 .8 .6 4.8 5.4 -.6 .6 7.4 7.1 .3 p Preliminary. Table 3.—Personal Income and Its Disposition [Billions of dollars] 1965 1964 Table 2.—National Income by Type of Income 1962 1963 1964 1965* IV [Billions of dollars] 1964 II III IV National income _ . 457.7 481.1 514.4 554.6 526.3 540.6 549.5 557.9 Other labor income.. 13.9 14.8 16.5 18.2 17.1 17.5 18.1 18.4 18.9 Proprietors* income Business and professional.. Farm... 50.1 50.8 51.1 54.5 51.8 51.9 54.6 55. 4 56.2 37.1 37.8 39.1 40. 3 39.6 39.9 40.1 40.4 40.7 13.0 13.0 12.0 14.3 12,2 12.0 14.5 15.0 15.5 Rental income of personsDividends 16.7 17.6 18.2 18.6 18.5 18.5 18.6 18.6 18.7 15.2 15.8 17.2 18.9 17.7 18.0 18.6 19.2 19.9 Personal interest income. 27.7 31.1 34.3 37.1 35.3 36.0 36.7 37.5 38.2 296.1311.2 333.5 357.'. 4 342.6 348.9 353.6 359. 0 368.1 240.1 251. 6 269.2 288. 5 276.5 282. 0 285.9 290. 0 296.1 10.8 10.8 11.7 12.4 11.9 11.8 11.8 12.3 13.7 45.2 48.8 52.6 56.5 54.3 55.0 55.9 58.3 56". 7 35.5 Supplements to wages and salaries— 27.5 29.8 31.8 34.5 32.7 33.5 34.3 34.7 Employer contributions for social 16.6 insurance_________ __ 13.7 15.0 15.4 16.3 15.7 16.0 16.2 Other labor income___ ___. 13.9 14.8 16.5 18.2 17.1 17. 18.1 16.3 18.9 Employer contributions to private 18.4 pension and welfare funds _______ 11.4 12.1 13.5 Other—.— ___. 2.5 2.7 2.9 50.1 50.8 51.1 54.5 51.8 51.9 54.6 55.4 56.2 Business and professional—_________ 37.1 37.8 39.1 40.3 39.6 39.9 40.1 40.4 40.7 Income of unincorporated enterprises- 37.1 37.8 39.1 40.6 Inventory valuation adjustmentFarm—. 13.0 13.0 12.0 14.3 12.2 12.0 14. 15.0 15.5 Rental income of persons Profits before tax._________ Profits tax liability Profits after tax__ Dividends— _. Undistributed profits- Preliminary. 26 353. 6 359.0 368.1 142.3 144.4 148. 0 114. 2 116. 0 118.9 VI 87.0 88.2 57.5 58.5 59.9 67.7 69.0 72.0 Transfer payments 33.3 35.2 36.6 39.2 36. 38.4 37.5 41.2 39.7 Old-age and survivors insurance benefits 14.3 15.2 16. 0 18.0 16.3 16.6 16.6 20.4 18.6 State unemployment insurance benefits2.9 2.8 2.6 2.2 2.4 2.4 2.2 2.2 2.0 Veterans' benefits 4.8 5.0 5.3 5.6 5.3 5.5 5.6 5.6 5.7 Other_____ ...... 11.2 12.1 12.7 13.4 12.7 13.9 13.1 13.1 13.4 Less: Personal contributions for social insurance.... ____-.____ _._ 10.3 11.8 12.4 13.: 12.7 12.9 13.0 13.3 13.6 18.6 18.6 18.7 65.4 Less: Personal tax and nontax payments. _ 57.4 64.8 66.2 64.8 65.7 Equals: Disposable personal income 385.3 403.8 435 .8 465.3 446.4 451.4 458.5 471 480.3 55. 58.1 64.5 73.1 64.9 71.' 72.0 73.5 n.a. Less: Personal outlays- 55.4 24.2 31.2 15.2 16.0 58.6 26.0 32.6 15.8 16.8 64.8 27.6 37. 17.2 19.9 74.6 30.1 44.5 18.9 25.6 Inventory valuation adjustmentNet interest._—__—_. 296.1 311. 2 333. 5 357. 4 342.7 348.(.9 120.8 125.7 133.9 143.9 137.4 140.8 96.7 100.6 107.2 110. 0 113. 0 72.5 76.0 81.1 86.5 83.2 84.7 46.8 49.9 54.1 58.1 55.9 56.5 66.2 56.0 59.6 64.3 17.6 18.2 18.6 18.5 18. i ____. Corporate profits and inventory valuation adjustment.... ______ __. 442.6 464.8 495. 0 530. 7 507.1 516. 2 524.7 536.0 546.0 323.6 341.0 365.3 391 .9 375.4 382.4 387.9 393.7 403.6 Wages and salaries _. Private ___ _. Military—__________ Government civilian.. Proprietors' income- Personal incdme.. Wage and salary disbursements.—Commodity-producing industries Manufacturing ___ Distributive industries . Service industries Government..— _______ Seasonally adjusted at annual rates Compensation of employees.. III IV Seasonally adjusted at annual rates 1965 1962 1963 1964 1965* IV II 65.9 28.1 37.8 17. 20.0 -1.0 11.6 13.6 15.2 16.5 15.7 73.1 29.5 43.6 18.0 25.7 -1. 73.9 29.8 44.1 18.6 25.5 74.6 30.1 44.5 19.2 25.3 n.a. n.a. n.a. 19.9 n.a. -1.8 -1.2 -1.6 16.1 16.4 16. 17.1 363.7 383.4 409.5 440.2 416.9 428.1 436.1 444.4 452.3 Personal consumption expend.tures ____' . 355.1373.8 398.9 428. 5 405.9 416.9 424. 5 432. 5 440.1 Interest paid by consumers 8.1 9.0 10.0 11.1 10.4 10.6 11.0 11.3 11.6 Personal transfer payments to .6 foreigners—--—, .6 .6 .6 Equals: Personal saving.. _ _ 21.6 20.4 26.3 25.1 29.5 23.3 22.4 26.8 28.0 Addendum: Disposable personal income in constant (1958) dollars.— ______ 367.6 380.6 406.5 428.1 414.5 417.9 421.' 432.3 439.4
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