View original document

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

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

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

Gross private domestic investment

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

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

Wages and salaries _.
Private
___
_.
Military—__________
Government civilian..

50.1 50.8 51.1 54.5 51.8 51.9 54.6 55.4 56.2

Proprietors' income-

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

Profits before tax._________
Profits tax liability
Profits after tax__
Dividends—
_.
Undistributed profits-

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 adjustmentN t interest._—__—_.
e

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....
______ __.

Preliminary.

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

.

Compensation of employees..

Rental income of persons

Personal incdme..
Wage and salary disbursements.—Commodity-producing industries
Manufacturing
__
_
Distributive industries .
Service industries
Government..—
_______

Seasonally adjusted at
annual rates
National income _

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

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

_.__

IV

II

III

Seasonally adjusted at annual
rates

1965

IV

1965

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
177. 8
• 173. 2 • 176. 4 '' 152. 7
150.7
• 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

112.1
56.8
'55.3

6.1

' 113. 0
'57.0
'56.0

114.9
58.6
56.3

s-l
796-566 O - 66 - 3




4

91.0
67.9
23.1

'6.2

'6.6

r

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

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

Gross private domestic investment

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

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

Wages and salaries _.
Private
___
_.
Military—__________
Government civilian..

50.1 50.8 51.1 54.5 51.8 51.9 54.6 55.4 56.2

Proprietors' income-

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

Profits before tax._________
Profits tax liability
Profits after tax__
Dividends—
_.
Undistributed profits-

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 adjustmentN t interest._—__—_.
e

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....
______ __.

Preliminary.

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

.

Compensation of employees..

Rental income of persons

Personal incdme..
Wage and salary disbursements.—Commodity-producing industries
Manufacturing
__
_
Distributive industries .
Service industries
Government..—
_______

Seasonally adjusted at
annual rates
National income _

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

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