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SUEVEY OF CURRENT BUSINESS

10

July 1951
Table 1.—National Income b

[Millions of dollars]

1929

1
2

National income
Compensation of employees.

_

1931

1932

1933

1934

1935

1936

1937

1938

1939

75, 729

59, 708

42 547

40, 159

48, 959

57, 057

64,911

73 618

67 581

72 753 !
i

81,634

51, 085

46, 844

39, 740

31, 054

29, 539

34, 295

37, 340

42, 910

47, 934

44, 994

48, 108

52, 129

50, 423
45, 485
308
4,630

__

1930

87, 814

Line

46, 187
41, 033
311
4,843

39 119
33, 861
304
4,954

30 477
25, 511
292
4,674

28, 997
23, 855
267
4, 875

33 705
27, 629
268
5,808

36 690
30, 189
303
6, 198

41 920
34, 054
334
7,532

46 107
38 614
354
7 139

42 976
34 752
365
7,859

45 941
37, 742
388
7.811

49,818
41, 395
563
7,860

1940

3
4
5
6

Wages and salaries
Private
Military
Government civilian .

7
8
9

Supplements to wages and salaries _
Employer contributions for social insurance_-_
Other labor income

662
101
561

657
106
551

621
111
510

577
126
451

542
133
409

590
147
443

650
171
479

990
418
572

1 827
1, 234
593

2 018
1, 423
595

2, 167
1, 540
627

2, 311
1, 624
687

10

Income of unincorporated enterprises and inventory
valuation adjustment.

14, 759

11,540

8,734

5,316

5,599

7,010

10, 387

10, 482

12, 691

11,128

11,610

13,010

8,791
8,649
142
5,968

7,410
6 655
755
4,130

5, 581
4 970
611
3, 153

3,384
3,089
295
1, 932

3,166
3,691
-525
2,433

4, 564
4,618
—54
2,446

5, 351
5,401
-50
5,036

6,530
6, 650
-120
3,952

7,073
7 102
-29
5,618

6,793
6 572
221
4,335

7,293 ;
7 459 !!
-166
4,317 !

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

9,628
1,369
8, 259
5, 813
2,446
472

3,322
842
2,480
5,490
-3,010
3,260

-780
498
-1,278
4,088
-5,366
2,414

-3,017
385
-3, 402
2,565
-5, 967
1,047

151
521
-370
2,056
-2, 426
-2, 143

1,716
744
972
2,587
— 1,615
-625

3,145
951
2,194
2,863
-669
-227

5,740
1,409
4, 331
4,548
-217
-738

6, 235
1,502
4, 733
4,685
48
-31

3,300
1,029
2,271
3,187
-916
963

6,403
1,441
4,962
3,788
1,174
-714

6,445

5,985

5,839

5,434

5,042

4,869

4,751

4,741

4,708

4,636

4,604

11
12
13
14

Business and professional __
Income of unincorporated enterprises
Inventory valuation adjustment
Farm

15

Rental income of persons

16

Corporate profits and inventory valuation adjustment,

17
18
19
20
21
22
23

Corporate profits before tax
Corporate profits tax liability _
Corporate profits after tax
Dividends
__ _
Undistributed profits
Inventory valuation adjustment

--

- -

Net interest

;

8,442
8,487
-45
4,568
2,885
9,120

i
!
•
i
i

9,320
2,834
6,486
4,043
2,443
-200
4,490

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

1929

1
2
3
4
5
6
7
8
9

Durable goods
Nondurable goods
Services

_

Gross private domestic investment
New construction
Residential nonfarm
Other

.

_ _

_

_ _

- _

1932

1933

1934

1935

1936

1937

1938

1939

91, 105

76,271

58, 466

55, 964

64, 975

72, 502

82, 743

90, 780

85, 227

91,095

100, 618

70, 968

61,333

49, 306

46,392

51,894

56, 289

62, 616

67, 259

64, 641

67, 578

71,881

9,212
37, 677
32, 063

Personal consumption expenditures

1931

78,952

Gross national product

1930

104, 436

Line

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

6,304
32 836
23, 476

6,925
35, 185
25, 149

5,686
33 985
24, 970

6,670
35 131
25, 777

7,771
37, 215
26, 895

16, 231

10, 265
'

5,523

913

1,391

2,888

6,277

8,404

11,747

6,661

9,309

13, 155

8,707
3 625
5,082

6,183
2,075
4,108

3,968
1,565
2,403

1, 876
630
1,246

1,431
470
961

1,709
625
1,084

2, 299
1,010
1,289

3,281
1,565
1,716

4,403
1,875
2,528

3,960
1,990
1 970

4. 757
2.680
2 077

5,452
2,985
2,467

1940

10

Producers' durable equipment

5,850

4,465

2,839

1,593

1.589

2,304

3,066

4,169

5,095

3,644

4,180

5,531

11
12
13

Change in business inventories
Nonfarm
_ _
_ _ _ _
Farm

1, 674
1, 836
-162

-383
-83
—300

-1,284
-1,608
324

-2, 556
-2, 590
34

-1,629
-1,370
-259

-1,125
195
— 1,320

912
376
536

954
2,066
— 1, 112

2,249
1,726
523

-943
-1,046
103

372
316
56

2,172
1,902
270

771

690

197

169

150

429

-54

-93

62

1,109

888

1,509

8,482

9,182

9,218

8,078

8,031

9,764

9,990

11,816

11,712

12,816

13, 320

14, 073

1,311

1,410

1,537

1,480

2,018

2,991

2,931

4,815

4,552

5 280

5 157
1,258

6, 170
2,223

1,344

1,432

1,549

1,484

2,022

2,997

2,935

4,818

4,557

5,286

33

22

12

4

4

6

4

3

5

6

3,908
9

3,956
9

7,171

7, 772

7,681

6,598

6,013

6,773

7,059

7,001

7,160

7,536

8,163

7,903

14

Net foreign investment __

15

Government purchases of goods and services. _ _ _

16
17
18
19
20
21

Federal

22

State a n d local

_

National security
National defense
Other national security
Other
Less* Government sales




-

-__
_ _ - . _ _ _ - _ _

(

istributive Shares, 1929-55
1941

11

SURVEY OF CURRENT BUSINESS

Lily 1956

1942

1943

[Millions of dollars]
1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

Line

104,710

137, 694

170,310

182, 639

181, 248

179, 577

197, 168

221, 641

216, 193

239, 956

277, 041

290, 177

302, 129

298,335

324, 048

1

64, 7,89

85, 271

109, 587

121, 286

123, 181

117, 697

128,757

140,927

140,858

154, 325

180, 420

195, 095

208,069

206,900

223, 192

2

62, 086
51,894
1.866
8,326

82, 109
66, T/3
6,168
9,818

105, 828
79, 197
14, 133
12, 498

116, 823
83, 843
20, 033
12, 947

117, 577
82, 664
21,819
13, 094

111,836
91, 241
7,818
12, 777

122, 858
105, 512
4,067
13, 279

135, 172
116, 424
3,970
14, 778

134, 334
113,873
4,248
16, 213

146, 526
124, 297
4,999
17, 230

170,881
142, 050
8,684
20, 147

184, 918
151,987
10, 472
22, 459

197, 287
163, 466
10, 337
23, 484

195, 528
161. 198
9,951
24, 379

210, 354
174, 401
9,778
26, 115

3
4
5
6

2,703
1,983
720

3, 162
2,302
860

3.759
2,677
1,082

4,463
2,937
1,526

5,604
3,805
1,799

5, 861
3,970
1,891

5,899
3,565
2,334

5,755
3,042
2, 713

6, 524
3, 503
3,021

7,799
3, 976
3,823

9,539
4, 753
4,786

10, 177
4, 861
5,316

10, 782
4,788
5,994

11, 372
5,119
6,253

12, 838
5, 842
6,996

7
8
9

17, 401

23, 907

28, 187

29,565

30, 835

35, 265

34,433

38, 389

34, 149

36, 140

40, 809

40,852

39,171

38, 363

39, 019

10

10, 897
11,512
-615
6,504

13, 899
14, 266
-367
10, 008

16, 823
16, 979
-156
11,364

18, 040
18, 109
-69
11, 525

19, Oil
19, 117
-106
11,824

21,321
23, 026
-1,705
13, 944

19, 948
21, 419
-1,471
14, 485

21. 649
22', 061
-412
16, 740

21, 431
20, 963
468
12, 718

22, 855
23, 989
-1, 134
13, 285

24, 791
25, 135
-344
16, 018

25, 732
25, 519
213
15, 120

25, 908
26, 098
-190
13, 263

25, 876
25, 928
-52
12, 487

27, 339
27, 579
-240
11,680 !

11
12
13
14

3,465

4,547

5,097

5,413

5,634

6,208

6,510

7,198

7,874

8,473

9,129

9,906

10, 152

10,506

10,076

15

36, 042

j
32,889 |

40,928

14,511

19, 678

23,781

23, 033

18, 413

17, 288

23, 626

30,619

28, 141

35, 106

39, 913

36, 903

16

i
16, 982
7, 610
9, 372
4, 458
4,914
-2,471

20, 882
11,415
9,467
4,289
5,178
-1,204

24, 554
14, 074
10, 480
4,484
5,996
-773

23, 320
12, 949
10,371
4, 673
5,698
-287

18, 977
10, 689
8,288
4,691
3,597
-564

22, 551
9,111
13, 440
5,784
7,656
-5,263

29, 525
11, 283
18, 242
6,521
11,721
-5,899

32, 709
12, 510
20, 259
7,248
13,011
-2, 150

26, 198
10, 411
15, 787
7, 458
8,329
1,943

39, 970
17, 829
22, 141
9,207
12, 934
-4,864

41, 173
22, 476
18, 697
9,090
9,607
-1,260

35, 936
19, 788
16, 148
9. 000
7,148
967

37, 039
20, 304
16, 735
9,310
7, 425
-997

33, 203
16,775 1
16, 428
10, 045
6,383
—314 I

42, 666
21,533 1
21, 133
11, 218
9,915
—1,738

17
18
19
20
21
22

4,544

4,291

3,658

3,342

3,185

3,119

3,842

4,508

5,171

5,912

6,770

7,421

8,695

i
9,677 j

10,833

23

>r Expenditure, 1929-55
[Millions of dollars]
1941

1942

1943

125, 822

159, 133

192, 513

211, 393

213,558

81,875

89, 748

100, 541

109, 833

9,659
• 43,208
29, 008

6,968
51, 324
31, 456

6,605
59, 259
34, 677

18, 072

9,875

6, 629
3,510
3,119

1947

1948

1949

1950

1951

1952

1953

1954

1955

209, 246

232, 228

257, 325

257, 301

285, 067

328, 232

345, 445

363, 218

360, 654

390,860

1

121, 699

146, 617

164, 973

177, 609

180, 598

194, 026

208, 342

218, 328

230, 542

236, 513

253, 971

2

6,764
65, 368
37, 701

8, 105
73, 222
40, 372

15,892
84, 501
46, 224

20, 593
93, 077
51, 303

22, 214
98, 741
56, 654

23, 573
96, 879
60, 146

28, 608
100, 386
65, 032

27, 148
111,054
70, 140

26, 641
116, 110
75, 577

29,811
119,055
81, 676

29, 354
120, 852
86, 307

35, 671
126, 151
92, 149

3
4
5

5,600

7,130

10, 430

27, 125

29, 705

41,176

32, 549

51,219

56, 864

49, 808

50, 325

48, 032

60, 557

6

3,721
1, 715
2,006

2,326
885
1,441

2,712
815
1,897

3,833
1,100
2,733

10, 291
4,015
6,276

14, 029
6,310
7,719

17, 904
8,580
9, 324

17, 453
8,267
9, 186

22, 733
12, 600
10, 133

23, 332
10, 973
12, 359

23 723

n! 100
12, 623

25, 778
11, 930
13, 848

27, 863
13, 496
14, 367

32, 734
16, 595
16, 139

7
8
9

6,942

4, 343

4,027

5,438

7,654

10, 733

16, 667

19, 110

17, 833

21, 135

23, 177

23, 116

24, 293

22, 431

23, 658

10

4, 501
4, 049
452

1,811
652
1,159

-753
-577
-176

-1,020
-575
-445

-1,057
-595
-462

6,101
6,350
-249

-991
1,298
-2, 289

4,162
3, 026
1, 136

-2, 737
-1,862
-875

7, 351
6,428
923

10, 355
8,951
1, 404

2. 969
2,105
864

254
871
-617

-2, 262
-2, 728
466

4, 165
3, 825
340

11
12
13

1,124

-207

-2,245

-2, 099

-1,438

4,586

8,942

1, 956

534

-2,201

227

24, 751

59, 717

88, 617

96,529

82,867

30, 918

28, 608

36,584

43, 620

42, 023

16, 923
13, 794

52, 027
49, 567

81, 223
80, 384

89, 006
88, 615

74, 796
75, 923

20, 934
21, 188

3,173
44

2, 664
204

1,480
641

1,552
1,161

1, 031
2,158

2,469
2,723

15, 776
13, 349
12, 254
1,095
3,751
1,324

21,019
15, 984
11, 578
4,406
5, 570
535

25, 445
19, 288
13, 570
5,718
6,570
413

7,828

7,690

7,394

7,523

8,071

9,984

12, 832

15, 565

18, 175

1944




1945

1946

Line

-164

-2,017

-412

-470

14

62, 799

77, 473

84, 368

76, 521

76, 802

15

22, 138
18, 511
14, 257
4, 254
3,882
255

40, 995
37, 260
33, 864
3! 396
4, 154
419

54, 260
48, 823
46, 408
2^415
5,792
355

59, 481
51, 475
49, 289
2, 186
8,423
417

48, 886
42, 985
41, 109
V. 876
6,280
379

46, 742
41. 223
39, 072
2, 151
5, 945
426

16
17
18
19
20
21

19, 885

21, 804

23, 213

24, 887

27, 635

30, 060

22

SURVEY OF CURRENT BUSINESS

12

July lor.
Table 3.—Personal Income an

[Millions of dollars]

1029

1

3
4
r

Personal income

.

.._

6

7

Dividends
Personal interest income
Transfer payments

8

Less: Personal contributions for social insurance . . _ .

9

1932

1933

1934

1935

76,881

65, 698

50,115

47, 208

53, 575

60,210

50, 423
501
20, 184
'

46, 187
551
10, 318

39, 1 19
510
12,495

30, 477
451
8, 029

28, 997
409
7, 570

33, 705
443
8,704

5 490
6, 949
1,533

4, 088
6, 923
2,714

2, 565
0, 575
2, 170

2, 050
6, 212
2,110

142

147

151

152

2, 043
1, 263
1, 380

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

1931

5,813
7.428
1, 490

, „ _.

1930

85, 763

Lino

2 507
1, 134
1, 373

1, 858
607
1,251

1936

1937

1938

1939

1940

68, 480

73, 921

68, 554

72, 884

78, 681

36, 690
479
12, 048

41, 920
572
12, 258

40, 107
593
14, 772

42, 976
595
13. 688

45, 941
627
14, 352

49, 81 <(
68',
15, 89^

2 587
0. 099
2, 194
'

2. 803
5. 892
2, 100

4, 548
5, 842
3, 520

4, 085
5, 912
2, 418

3, 187
5, 828
2, 834

3, 788
5,809
2, 963

4 04!
5,78J
3,11^

15^

157

162

180

506

554

596

65£

1, 455
331
1, 124

1, 404
474
990

1, 595
595
1, 000

1,888
827
1, 061

2, 258
1, 130
1, 128

2, 921
1, 723
1, 198

2, 802
1, 635
1,227

2, 440
1, 235
1,205

2, 604
1, 364
1, 24C

!

!
i

10
11

Less° Personal tax and nontax payments
Federal
State and loccil

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

76,076

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

71,881

14

Equals: Personal saving

4, 168

3,406

2, 507

-646

-648

86

2, 033

1,051

2, 866

4,195

. .

.._.......

3,606 |

3, 741 '

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

1929

1931

1932

1933

1934

1935

1936

1937

1938

1939

91, 105

76,271

58, 466

55,964

6 J, 975

72, 502

82, 743

90, 780

85, 227

91,095

100,618

8,617
7 698

8 541
7 737
389
415

8,166
7 552
351
263

7, 615
7, 038
329
248

7. 161
6, 661

413
500

225

7. 112
6, 598
237
277

7, 235
6, 005
230
334

7, 490
6, 700
381
415

7. 740
6,910
304
532

7, 783
6, 939
387
457

7, 838
7, 121
222
495

8, 148
7, 316
246
586

95,819

1 Gross national product

1930

104, 136

Line

82,564

68, 105

50,851

48,803

57,863

65,267

75,217

83,034

77, 444

83,257

92, 470

-49

-45

18

283

403

39

00

176

485

420

;

1940

4
5

Less: Capital consumption allowances
r)6preciation charges
Accidental damage to fixed capital.
... . _ . .
Capital outlays charged to current expense-

6

Equals: Net national product

7

Plus: Subsidies minus current surplus of government
enterprises.

— 147

-123

8
9
10

Less: Indirect business tax and n o n t a x l i a b i l i t y . . .
Business transfer payments
...
Statistical discrepancy

7, 003
587
268

7, 155
534
—977

0. 859
649
840

6, 768
737
754

7,055
659
948

7.815
641
731

8, 190
594
— 171

8, 003
594
1,118

9, 157
567
-248

9,154
429
456

9. 365
451
1.173

10.021
431
804

11

Equals* National income

87,814

75, 729

59, 708

12, 547

40, 159

48, 959

57, 057

64,911

73,618

67, 581

72, 753

81,634

2. 440
1 , 369
472
243
0

—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

-1.015
744
-025
304
0

— 069
951
— 227
333
0

-217
1 . 409
-738
598
0

48
1,502
-31
1, 800
0

-916
1 , 029
963
1 . 977
0

1,174
1,441
-714
2,136
0

2, 443
2, 834
-200
2, 282
0

983
909
5X7

904
999
534

1,084
2,065
649

1. 141
1 . 433
"''

1, 170
1.457
659

1 , 230
1. 553
041

1.141
1 , 800
594

1. 101
2. 926
594

1.204
1 . 851
507

1,192
2, 405
429

1,205
2,512
451

1.291
2, 683
431

76,881 I

65,698 |

50,115 <

47,208 !

53,575 !

60,210 j

68,480 j

73,921 1

68,554 i

72,884

78,680

3

12
Less: Undistributed corporate profits . _ ,
..
13
Corporate profit s t a x liability
.. . . .
14
Corporate inventory valuation a d j u s t m e n t .
15 ;
Contributions for social insurance.. .
Excess of wage accruals over 'lisbursemenls
16

...
.

i

!
17
Plus: N e t interest paid b y government . _
18
Government transfer payments
19 •
Business transfer p a y m e n t s

Equals: Personal income




. •_
.

85,763 i

13

SURVEY OF CURRENT BUSINESS

July 1956
Disposition of Income, 1929-55

[Millions of dollars]
Line

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

96, 275

123, 497

151, 392

165, 696

171, 222

177, 990

190, 522

208, 743

206,818

227,050

255, 340

271, 775

286, 006

287, 341

306, 062

1

62, 086
720
20,866

82, 109
860
28, 454

105, 619
1,082
33, 284

117, 016
1,526
34, 978

117, 563
1,799
36, 469

111, 866
1,891
41, 473

122, 843
2,334
40, 943

135, 142
2, 713
45, 587

134, 379
3.021
42, 023

146, 526
3,823
44, 613

170, 776
4,786
49, 938

184, 947
5,316
50, 758

197, 363
5,994
49, 323

195, 528
6,253
48, 869

210, 354
6,996
49, 095

2
3
4

4,458
5,833
* 3,113

4,289
5,808
3,143

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

7,248
8,950
11,281

7,458
9,768
12, 403

9,207
10, 628
15, 147

9,090
11, 592
12, 575

9,000
12, 297
13, 210

9,310
13, 700
14, 256

10, 045
14, 871
16, 350

11, 218
16, 061
17, 552

5
6
7

801

1,1(56

1,839

2,236

2,333

2,011

2,118

2,178

2,234

2,894

3,417

3,753

3,940

4,575

5,214

8

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, 808
17, 162
1,646

21, 506
19, 650
1,856

21, 142
18, 997
2,145

18, 661
16, 194
2,467

20,920
18, 179
2,741

29, 271
26,278
2,993

34, 401
31,165
3,236

35,771
32, 359
3,412

32, 938
29, 138
3,800

35, 489
31, 315
4,174

9
10
11

9,8
292

117,516

133,547

146,761

150, 355

159, 182

169,016

187,601

188, 157

206,130

226,069

237,374

250,235

254,403

270,573

12

8,7
185

89,748

100,541

109, 833

121, 699

146,617

164,973

177, 609

180,598

194,026

208,342

218,328

230,542

236,513

253,971

13

11, 107

27,768

33,006

36,928

28, 656

12,565

4,043

9,992

7,559

12,104

17,727

19,046

19,693

17,890

16,602

14

National Income, and Personal Income, 1929—55
[Millions of dollars]
1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

Line

1582
2,2

159, 133

192,513

211,393

213,558

209,246

232,228

257,325

257,301

285,067

328,232

345,445

363,218

360,654

390,860

1

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

11, 666
10, 013
407
1,246

14, 118
12, 150
567
1,401

16, 494
14, 290
574
1,630

18, 431
16, 380
518
1,533

20,516
18, 042
616
1,858

23,469
20, 344
909
2,216

23,890
21, 002
684
2,204

26, 486
23, 266
813
2,407

28, 760
25, 433
917
2,410

31, 338
27, 841
1,055
2,442

2
3
4
5

116,781

148,978

181,647

199,386

201,009

197,580

218, 110

240,831

238,870

264,551

304,763

321,555

336,732

331,894

359,522

6

102

150

183

652

760

835

-227

-171

-181

204

187

-138

-423

-231

297

7

11, 296
502
375

11, 769
495
-830

12, 735
505
-1, 720

14, 127
506
2,766

15, 522
532
4,467

17, 349
557
932

18, 658
674
1,383

20, 390
739
-2, 110

21, 644
781
71

23, 741
843
215

25, 637
985
1, 287

28, 106
1,169
1, 965

30,223
1,369
2, 588

30, 150
• 1,389
1,789

32, 521
1,430
1,820

8
9
10

104, 710

137,694

170,310

182, 639

181,248

179, 577

197, 168

221, 641

216, 193

239, 956

277, 041

290, 177

302, 129

298, 335

324, 048

11

4,914
7,610
-2, 471
2,784
0

5,178
11,415
-1, 204
3,468
G

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

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

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

7,656
9,111
-5,263
5, 981
-30

11, 721
11, 283
-5, 899
5,683
15

13, Oil
12,510
-2,150
5,220
30

8,329
10, 411
1,943
5,737
-45

12, 934
17, 829
-4, 864
6,870
0

9,607
22, 476
-1,260
8,170
105

7,148
19, 788
967
8,614
-29

7,425
20.304
-997
8,728
-76

6,383
16, 775
-314
9,694
0

9,915
21,533
-1, 738
11, 056
0

12
13
14
15
16

1,289
2,611
502

1,517
2,648
495

2,140
2,459
505

2,809
3,082
506

3,683
5,633
532

4,457
10, 854
557

4,370
11,113
674

4,442
10, 542
739

4,597
11, 622
781

4,716
14, 304
843

4,822
11, 590
985

4,876
12, 041
1,169

5,005
12,887
1, 369

5,194
14, 961
1,389

5,228
16, 122
1,430

17
18
19

96,275

123, 497

151,392

165, 696

171,222

177,990

190,522

208, 743

206,818

227,050

255,340

271, 775

286,006

287,341

306,062

20




SURVEY OF CURRENT BUSINESS

26

July 19.56
Table 42.—National Income by

[Billions of dollars]

1952

Line
I

1
2
3
4
6

11

!

Ill

1953
IV

I

Year

II

III

IV

!

Year

69.6

73.3

75.9

290.2

74.8

76.5

76.0

74.8 I

302.1

47.7
45.1
36, 9
2.6 |
5.6
2.6 !

49.0
46.4
38.4
2.7
5.4
2.5

51.6
49.1
40.5
2.6
6.0
2. 4

195.1
184.9
152.0
10.5
22.5
10.2

50.7
47.9
39.4
2.6
5.9
2.8

52.0
49.1
40.7
2.6
5.9
2.8

52.6
49.9
41.7
2.6
5.6
2.7

52.8
50.3
41.6
2.6
6.1
2.5

208.1
197.3
163.5
10.3
23.5
10.8

12.4
6.3
3 7
2.4

12.7
6.4
3.8
2.5

i
|
!
!

13.2
6.4
4.2
2.5

12.5
6.6
3.4
2. 5

50.8
25.7
1 5. 1
9.9

12.5
6.6
3.4
2.5

12.3
6.5
3.3
2.5

12.2
6.4
3.2
2.5

8.6
8 5
4.7
3.8
.0

. .

71.3

46.9
44.3
36. 2
2.5
5 6
2.6

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

9.1 1
8.6
4. 7 i
3.9 :

9.3
9.2
5. 1

36.9
35. 9
19.8
16.1
1.0

9.6
9. 7
5.3

10.0
10.4
5.7

9.0
9.7
5.3

7.4
7.3 ;
4.0 1

36.0
37.0
20.3

4.1
.1

9.9
9.6
5.3
4.3
.3

-.2

-.3

.2

-1.0

1.8

1.9

1.9

7.4

2.0

2.1

2.2

2.3 ;

8.7

7.6

8.0

31.0

8.0

8.0

7.6

8.1 :

31.7

8
9
10
11

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

12
13
14
15
16

Corporate profits and inventory valuation adjustment- .
Corporate profits before tax
Corporate profits tax liability

17

Net interest

1.8

18

Addendum: Compensation of general government employees _

7.6

_-

_.

...-....._

Inventorv valuation adjustment

i

1

;
!
i
!
j

j
12.3 i
6.4 :
3.3 ;

2.6 ;

49.3
25.9
13.3

10.2

1. Includes noncorporate inventory valuation adjustment.

Table 43. — National Income by Distributive Shares, Seasonally
[Billions of dollars]

1952

j

1953

Line

I
1
2
3
4
6

_
_. _ , _

_.

8
9
10
11

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

12
13
14
15
16

Corporate profits and inventory valuation adjustment
Corporate profits before tax
...
Corporate profits tax liability
Corporate profits after tax . _ .. ..
Inventorv valuation adjustment

17

Addendum • Compensation of general government employees

290.8

299.6

290.2

191.8
181.8
149. 0
10. 6
22. 3
10. 1

195. 6
185. 4
152.0
10.7
22.7
10.2

202.6
192.2
158. 7
10.5
23.0
10.5

195.1
184.9
152.0
10.5
22.5
10.2

50.8

is! 2
9. 8

52.6
25.8
16.9
10.0

50.2
26.4
13.7
10.1

37.8
37. 7
20. 7
16.9
.1

35.6
33.6
18.5
15. 1
2. 1

35.1
34.6
19.0
15.5
.5

39.1
38.0
20.9
17. 1
1.1

Net interest

18

285.6

49.5
25. 1
14.7
9 7

_..

IV

190.1
180. 1
148. 1
10.2
21.9
10. 0

. _.

III

284. 6

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

II

.

-

_ _ . . . . .

_

. ...

_ . - - . _

:
•

II

III

IV

303. 0

305.8

304.1

295. 7

302. 1

205. 8
195. 1
161. 5
10. 3
23.4
10.7

209.3
198.4
164. 5
10.4
23.5
10. 9

209.7
198.9
165.0
10.4
23.5
10.8

207.6
196. 8
162.9
10. 3
23. 6

208.1
197. 3
163. 5
10. 3
23. 5

10.8 ;

10.8

50.8
25.7
15. 1
9.9

50.0
26. 3
13.6
10. 1

49.4
26.1
13.2
10. 1

48.9
25.8
13.0
10.1

49. 1
25. 5
13. 3
10. 2 :

49. 3
2.x 9
13. 3
10. 2

36.9
35.9
19.8
16.1
1.0

39.1
39. 5
21.7
17.9
—.5

38.7
40.2
22.0
18.2
-1.5

36.6
38.8
21.3
17.5
-2.2

29.8 :
29. 7 ':
16. 3
13. 4
.2 ,

36.0
37. 0
20. 3
16. 7
-1.0

Year

i

I

Year

7.2

7.3

7.5

7.6

7.4

8.2

8.5

8.9

9,2

8.7

30.1

30.9

31.4

31.5

31.0

31.6

31.9

31.7

31.6

31.7

1. Includes noncorporate inventory valuation adjustment.
Table 44.—Gross National Product
[Billions of dollars]

1952

1953

LJ
I
1

Gross national product

2

Personal consumption expenditures
Durable goods
Nondurable goods
Services

3
4
5

IV

Year

i

II

1i

III

IV

Year

82.7

Gross private domestic investment
- New construction
Residential nonfarm
Other
. _.
_
Producers' durable euuipment
Change in business inventories— total
Nonfarm only

13

Net foreign investment

14
15
16
17
18
19
20
21

Government purchases of goods and services ,
Federal
National security
National defense
..
Other national security
Other
. .
Less' Government sales
State and local

... ...
_

-

..

..

..

85.5

92.8

345.4

88.3

91.3

90.7

92.9

363.2

53.9

53.2

54.3

57.5

56.9

28.3
18 8

28.3
18.8

33.1
19.4

218.3
26.6
116.1
75 6

61.8

6.8

6.1

60.7

27.6
20.0

29.4
20.4

29.0
20. 5

33.2
20.7

230. 5
29.8
119.1
81 7

11.0

12.8

12.1

12.9

13.4

9.9
6.6
3.1
3.6

6 4
—1 3
— 1.6

5 3

5 6

49.8
23.7
11.1
12.6
23 1
30

14.1

59
2 9

..

84.4

13.8

_.

50.5

26.4
18 5

- _ . . ..

fi
7
8
9
10
11
12




III

II

5 9
2 8

6 4
—. 1

5.6

5.0
2.2
2.9
2.6

5.9
2.8
3.2

6.5
3.1
3.4
1.0
.8

8.2

6.2
3.0
3.2

.3
.2

2.1

6.7

5.4
2.4
3.0

2.9

7.7

6.6
3.1
3.5
.1

7.4

7.1
3.3
3.8
6 1
.i

.3

7.9

58
—2 5
-2.5

.6

-

_ .

--

.- -

.1

-.6

-.2

-.2

-.6

-.6

-.7

-.1

17.7
12.4
11.3
10.7

19.4
13.6
12.3
11.7
.t

20.1
14.2
12.5
11.8

20.2
14.1
12.7
12.2

77.5
54.3
48.8
46.4

20.5
14.7
13.0
12.4

21.5
15.3
13.3
12.7

21.2
14.8
12.8
12.3

21.3
14.7
12.4
11.8

.6
1.2

.1

-

5.3

1.4

.1

5.9

.7
1.8
.1
5.9

.5
1.5
.1
6.1

2.4
5.8
.4

23.2

.6
1.9

.1

5.

.6
2.1
.1
6.2

.5
2.1
.1
6.4

.5
2.4
.1
6.6

50.3
25 8
11.9
13.8
24 3

3
9

-2.0
84.4
59.5
51.5
49.3

2.2
8.4
4

24.9

SURVEY OF CURRENT BUSINESS

July 1956

27

Distributive Shares, Quarterly, 1952-55
[Billions of dollars]

1955

1954
Line

I
1
2
3
4
5
0
7

_

.

IV

III

II

I

Year

Year

...

74.2

74.3

76.6

298.3

76.9

80.8

81.9

84.4

324.0

50.7
47.7
39.1

. _ __

51.3
48.3
39.7

51.7
48.9
40.7

53.3
50.6
41.7

206.9
195. 5
161.2
10.0
24.4
11.4

52.8
49.6
40. 7

55.2
51.9
42.8

56.7
53. 5
44.9

58.5
55. 4
46.0

223.2
210.4
174. 5

2.5
6.1
3.0

-.

Proprietors and rental income 1
Business and professional
Farm
_.
R e n t a l income of persons

13
14
15
10

Corporate profits and inventory valuation adjustment _ _ _ _
Corporate profits before tax
Corporate profits t a x liability
_._
Corporate profits after tax
I n v e n t o r y valuation adjustment

18

IV

73.2

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

8
9
10
11

17

III

II

2.5
6.1
3.0

2.5
5.8
2.8

2.5
6.5
2.6

2.4
6.4
3.2

2.5
6.6
3.3

2.4
6.1
3.2

2.4
6.9
3.1

9.8

26. 1
12.8

12.1

12.1

12.1

12.4

12.3

6.6
3.0
2.6

48.9
25.9
12.5
10.5

12.2

6.5
3.0
2.6

12.2

6.3
3.5
2.6

6.8
3.1
2.5

6.9
2.8
2.5

7.0
2.9
2.5

7.8
7.9
4.0

8.5
8.5
4.3
4.2
.0

8.0
8.2
4.1
4.0

8.6
8.6
4.4
4.3
.0

32.9
33.2
16.8
16.4

9.3
9.7
4.9
4.8
-.4

10.6
10.8

10.2
10.8

10.7
11.4

Net interest

2.3

2.4

2.4

2.5

9.7

2.6

2.7

2.7

2.8

10.8

Addendum: Compensation of general government employees

8.0

8.1

7.8

8.4

32.2

8.4

8.6

8.1

8.8

33.9

12.4
._.

.

... - _ _ _

3 9

6.5
3.0
2.6

0

6.6
2.9
2.6

5.4
5.3
-.2

5.5
5.4
-.6

5.7
5.6
-.6

49.1
27.3
11.7
10. 1
40.9
42.7
21.5
21.1
-1.7

Adjusted Quarterly Totals at Annual Rates, 1952-55
[Billions of dollars]

1955

1954
Line

I
1
2
3
4
5
6
7

I

Year

II

III

IV

Year

_ _ _ _ _ _ _

8
9
10
]]

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

12
13
14
15
16

Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment-

17

Net interest

18

___

Addendum: Compensation of general government employees

_ _ _ _ _ ._

__

297. 6

303.1

298.3

311.3

321.9

328. 3

334.4

324. 0

205.9
194.7
160.5
10.0
24.2
11.3

206.6
195.2
160. 7

209.7
198. 1
163.3

213.9
201.6
166. 7

230.3
217.0
180.5

223.2
210. 4
174. 5

9.7

9.8

24.9
11.6

25. 3
12.2

221.6
209. 0
172.9
10.0
26.1
12.6

226.8
213.6
177.5

24.6
11.4

206.9
195. 5
161.2
10.0
24.4
11.4

26. 4
13.2

26. 8
13.3

26. I
12.8

49.6
25 3
13.9
10.4

48.6
25 9
12.1
10.6

48.7
26 0
12.1
10.6

48.6
26 2
11.8
10.5

48.9
25 9
12.5
10.5

48.6
26 5
11.8
10.3

49.5
27 1
12.2
10.2

49.0
27 7
11.3
10.0

49.3
28 0
11.4

9.8

49.1
27 3
11.7
10. 1

32.7
32.9
16. 6
16. 3

32.5
32.8
16.6
16.2

34.7
35. 2
17.8
17.4

32.9
33.2
16.8
16.4

38.5
39. 7
20 0
19.7
-1.2

40.2
41.1
20 7
20.3

41.6
43. 5
22 0
21.5
— 1.9

43.4
46.4
23.4
23.0
-3.0

40.9
42.7
21. 5
21. 1
— 1.7

9.3

9.5

9.8

10.1

9.7

10.4

10.6

11.0

11.3

10.8

32.1

32.5

32.7

32 2

32.9

33 9

34 3

34.6

33.9

-.2

.._
._

296.7

205. 2
194.0
160. 1
10.1
23.8
11.2

31.7

_ _ _ _ _
__ _
_ _ _ __ _ _ . _ _ _

__

IV

295.8

__ _

_

III

31.7
31. 9
16. 1
15.8

National income
Compensation o f employees
_
Wages a n d salaries.,
_ ___
Private- _ _
Military ... .
Government civilian _ _ _
_ _
_ _
Supplements to wages and salaries

II

_ __

. __

-.2

9.9

-.3

9.8

-.6

9.7

a

9.8

or Expenditure, Quarterly, 1952—55
[Billions of dollars]

1954

I

II

III

1955

IV

I

Year

II

IV

III

Year

1

Gross national product

87.2

88.9

89.1

95.5

360.7

92 0

96 5

98 3

104.2

390.9

2
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods
Ser vices -_

55.1

58.7

27.4
21.3

29.7
21.6

58.0
6 9
29.6
21 5

64.7
8 6
34.2
21 9

236.5
29 4
120.9
86 3

58.7
7 9
28 2
22 6

63.0
9 2
30 8
23 0

62.9
88
31 1
23 1

69.4
98
36.0
23 5

254.0
35 7
126.2
92 1

6

7
8
9
10
11
12

Gross private domestic investment^
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories— total
Norrfarm only

12.7
5 6
2 4

11.2
6 8

12.5
7 9
39

11.7
7 6
39
3 7

48.0
27 9
13 5
14 4
22.4
-2.3
—2 7

14
6
3
3

14
8
4
4
6

16
9
4
4
6

14
8
4
4

13

Net foreign investment

—.3

.0

— 5

4

— 4

14
15
16
17
18
19
20
21

Government purchases of goods and services _
Federal
National security
National defense _
_
_
Other national security
Other
Less: Government sales
State and local

19.7
13.5
11.6
11.2

19.0
12. 1
10.8
10.4

19.1
11.9
10.5
10.0

18.7
11 4
10 0




6.4

_ _ _ _ _ _

_ _ _

._..._.

_ _

__

...

_

...

_ _ _

3.2
5.6
1.5
1.4

.5
2.0
.1
6.2

7.5

3.3
3.6
6.1

-1.7
—1.9

.4
1.3
.1
7.0

4.0
5.4
—.8
— 1.0

5
1.5
1
7.2

5.3

-1.2
—1 3

9.5
5
1.5
1
72

9
8
4
4

5.2
2.9

5
3
3
0
1

.1

3
2
7
5
1

9
5
2
3

6.3
.1

60.6
32 7
16.6
16. 1
23.7

4.2
3.8

2 8
-i

o

1.0
9
— 3

2

— 5

76.5
48 9
43 0
41. 1
1 9
6 3

18.5
11 7
10 4
98

19.3
11 6
10 3
9 8

19.7
11 8
10 2
9 7

1 4

1

6
14
1

19.4
11 7
10 3
99

14

27 6

68

7 7

18
I
7 9

76.8
46 7
41 2
39 1
2 2
5 9

4

7

5
1

77

.i

5

4

30 1

SURVEY OF CURRENT BUSINESS

28

Jnly 1036

Table 45.—Gross National Product or Expenditure, Seasonally
[Billions of dollars]
1952

Line

1953

I
1
9

3
4
5
6

s

y
10
11

J9

338.4

-

Gross private domestic investment
New construction
Residential nonfarni
Other
Produce rs' durable equipment
Change in business inventories — total
Nonfarm only

- -.

-

-

.. .
- .. - - -- - -- -

n

Net foreign investment

14
15

Government purchases of goods and services . ... _ . ..
Federal
- - National security
National defense
- Other national securitv
-Other
Less* Government salos
.
.- State and local

If)

17
18
19
20
21

345.2

358 1

345 4

361 6

367 4

366 3

357

363.2

216. 5
26 8
115.0
74.7

218. 3
25 2
116 9
76.2

225
29
118
77

1
0
3
9

218
26
116
75

3
6
1
6

228
30
118
79

6
2
9
5

231
30
119
81

4
6
8
0

232 0
30 5
118 9
82* 6

230
28
118
83

230.5

49.9
23.3
10.5
12.8
23.8
2.7
1.6

46.0
23 7
10.9
12 7
24.3
-1.9
-2.9

49.2
23 7
11.3
12 4
21.8
3.7
2.9

54
24
11
12
22
7
6

1
2
6
6
6
4
8

49 8
23 7
11 1
19 g
23 1
30
2 1

51
95
11
13
24
2
o

5
2
7
5
3
0
5

53
26
12
14
24
3
4

5
2
2
0
2
1
0

51 8
25 8
12 1
13 8
24 9
1 i
18

44
9
5
11
14
03
4

50.3
25.8
11.9
13.8
24.3
.3
.9

2.9

-

340.1

25.6
114.2
73.5

-

III

213.4

Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services _. .. .
- - .--_

II

.2

-2.1

—.2

-2.1

—3 0

—1 4

—1

-2.0

72.2
49.5
45.2
43.0
2.2
4.7
.4
22.7

77.4
54.3
49.3
46.6
2.7
5.4
.4
23. 1

79.8
56.7
49.9
47.1
2.8
7.0
.3
23.1

77.5
54 3
48 8
46 4

83.6
59 0
51 8
49 6
2 2
7 6
5
24 6

85 5
61 2
53 3
50 9
2 4
83

83
59
51
4Q
2
8

84
58
49
47

84.4
59.5
51.5

_

Year

IV

80.5
56.5
50 8
48.9
1.9
6.0
.3
24.0

I

58
.4
23 2

II

III

A

24 3

1952

III

IV

1

Personal income

64.9

66.7

68.5

71 6

2
3
4

Less' Personal tax and nontax payments
Federal
State and local

12.2

7.3
6.4
.8

80
7.3
.8

69
6.2
.7

5

Equals' Disposable personal income

52.7

59.5

60.5

64.7

c

Less' Personal consumption expenditures

50.5

53.9

53.2

60.7

2.2

5.6

7.3

4.0

. --

- - --

11.2
.9

Equals' Personal saving

Year

I

|

i
271 8 1
34 4
31 2 i
3 2 ji
237 4 |

218.3 i
!
19.0 1
1

I

II

69 5

71 4

71 8

7'} 4

286 0

7 3
6 3
10

87
7 9
8

76 5
8

35 8
32 4
34

56 9

64 1

63 1

66 1

250 2

54 3

57 5

56 9

61 8

230 5

26

6 6

6 2

4 3

19 7

1953

I

II

III

IV

264.5

268.2

274.8

279.3

271.8

34.0

34.1

30.8
3.2

30.8
3.2

34.5
31.3
3.3

35.0
31.7
3.3

4

5

Equals.* Disposable personal income

__

230.6

234.2

240.3

213 4

216.5

17.2

__

.

_

_.

_.

c

Less* Personal consumption expenditures

7

Equals' Personal saving

17.7

Year

II

III

283 4

286 9

287 7

34 4
31.2
3.2

35 5
32. 1
3.4

35 9
32.5
3.4

244.3

237.4

247.9

218.3

225.1

218.3

21.9

19.1

19.0

_.

Less* Personal tax and nontax payments
Federal
State and local

Year

IV

12 6
11 7
.9

1952

Personal income

25

III

Line

1

2.2
8.4
.4
24.9

Table 47.—Disposition of Personal Income, Seasonally

[Billions of dollars]

2
3

49.3

9

1953

Line
II

8
1
3
3
0
2
4
24 7

29.8
119.1
81.7

Table 46.—Disposition of Personal

[Billions of dollars]

I

Year

IV

I

IV

Year
!

286 0

36 0
32.5

35 8 '
32.3 i

35 8
32 4

251.0

251.7

250 2

228 6

231 4

232 0

251.0 '
|
230 2

230 5

19.3

19.6

19. 7

20 8

19 7

286 8

34

35;

34

Table 48.—Relation of Gross National Product, National

[Billions of dollars]
1952

1953

Line !
I

1 Gross national product

...

2
3
4
5

Less: Capital consumption allowances
Indirect business tax and nontax liability.
Business transfer payments
Statistical discrepancy
.

_. .__

6

Plus: Subsidies less current surplus of government enterprises

7

Equals: National income

...
_ .._

11
12
13
14

Plus* Government transfer payments
Net interest paid by government
Dividends
Business transfer payments




IV

Year

I

II

III

82.7

84.4

85.5

92.8

345.4

88.3

91.3

5.7
6.6
.3
.4

5.9
7.0
.3
.0

6.0
7 1
.3
-1.4

6.2
7.4
.3
2.9

23.9
28.1
1.2
2.0

6.4

6.5
7.6
.3
.3

.3
—.5

!

90.7
6.7 i
7. 7 I
.3
1

Year

IV

92.9

363.2

6.9
7. 8
.4
2.9

26.5
30.2
1.4
2.6

.0

_ . .
- -

.0

-.1

-.1

-.1

-.1

-.1

-.1

-.2

-.4

71.3

73.3

75.9

290.2

74,8

76.5

76.0

74.8

302.1

8.6
2.5
.0

Less* Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

Equals • Personal income

III

69.6

8
9
10

15

II

9.1
2.2
.0

9.3
2.1
—. 1

9.9
1.9
.0

36.9
8.6
.0

9.6
2.6
.0

10.0
2.4
.0

9.0
2.1
.0 !

7.4
1.7
.0

36.0
8.7
-.1

2.9
1.0
2.1
.3

2.9
1.4
2.1
.3

3.1
1.1
2.1
.3

3.1
1.4
3

12.0
4.9
9.0
1.2

3.2
1.1
2.2
.3

3.2
1.5
2.2
.3

3.2
1.1
2.2
.3

3.3
1.3
2.7

12.9
5.0
9.3
1.4

64.9

66.7

68.5

71.6

271.8

69.5

71.4

71.8

73.4

A

286.0

SURVEY OF CURRENT BUSINESS

July 1956

29

Adjusted Quarterly Totals at Annual Kates, 1952-55
[Billions of dollars]

1955

1954

Lino
I

1
9

3
5
7
9
10
11
13
14
15
16
17
18
19
20
21

III

11

IV

I

I

Year

III

II

IV

Year

357. 6

- - - - - -

Gross private domestic investment
New construction
Residential nonfarm
._ _
OtherProducers' durable equipment
-_Change in business inventories — total
Nonfarm onlv

.-

.

.

._

_

-

_

-

Net foreign investment
Government purchases of goods and services
Federal
_ __ _ _ _ _
National security
National defense _ _ . _ . ._
Other national securitv
Other
'
Less' Government sales
State and local

..

_ -.

359. 4

367.1 j

360. 7

377. 3

387.4

396.8

401.9

390.9

235.0 1
29.2 !
120.3
85. 5

237.8
29.4
121.5
80. 9

241.1
30. 4
122. 5
88.3

236. 5
29.4
120. 9
86.3

246.7
34.7
122.5
89. 5

251.8
35. 3
1 25. 3
91.2

257.8
37.2
127.6
92.9

259.5
35.4
129.2
94.9

254. 0
35. 7
126. 2
92. 1

45.8
25.9
11.8
14. 1
22.9
-3. 1
-3.3

48.2
27.3
13.0 '
14.3
22. 6
— 1. 7
-2.2

46.7
28.7
14.2
14.4
22.5
4 c
-5.1

51.5
29.5
15.0
14.5
21.7
.2
-.3

48.0
27. 9
13.5
14.4
22.4

=1?

54.7
31.5
16. 1
15. 3
21.3
1.9
1.4

60.2
32.9
16. 9
16. 0
22.4
4.9
4.5

62.3
33. 5
17.2
16.4
25.0
3.7
3.4

65.1
33.0
16.2
16.8
25.9
6.1
5.9

60. 6
32.7
16. 6
1 6. 1
23. 7
4. 2
3.8

-1.1

.. .. -

358.5

232.2
28.5
119.2
84.5

Gross national product
Personal consumption expenditures
Durable goods
.
Nondurable goods
Services
-

-.2

— .7

.3

-.4

-.4

-.9

.2

-.8

-.5

76.2
46.3
41.3
39. 1
2.2
5.5
.4
29.9

76.5
46.6
41.3
39.4
1.9
5.8
.4
29.9

78.1
47.2
40.6
38.7
1.9
7.1
.5
30.9

76.8
46. 7
41. 2
39. 1

80.8
54.0
46.5
44.7
1.9
7.8

26^8

Income, Quarterly, 1952-55

75. 5
48.2
43.2
41.6
1.6
5.4
.4
27.3

75.6

42' o

40.2
1.9
6.0
.4
28.0

74.2
45.7
40.1
38.0
2. 1
5.9
.3
28.5

76.5
48.9
43.0
41.1
1.9
6.3
.4
27.6

76.3
46.8
41.8
39.2
2.6
5.4
.4
29.5

5^9
.4
30.1

[Billions of dollars]

1955

1954
Line

I

IV

III

II

I

Year

IV

III

II

Year

1

Personal income

70.1

71,1

74,6

287.3

72.7

75.6

77.4

80.4

306.1

2
3
4

Less: Personal tax and nontax pavments
Federal -State and local

11.9
10.9
1.0

6.2
5.2
1.0

7.9
7.0
.9

6.9
6.0
.9

32.9
29.1
3.8

9.8
8.7
1.1

9.3
8.1
1.2

8.8
7.8
.9

7.7
6.7
.9

35.5
31.3
4.2

_.

.

71.5

58.2

Equals: Personal saving

254.4

62.9

66.4

68.6

72.7

270.6

58.0

64.7

236.5

58.7

63.0

62.9

69.4

254. 0

_._

_. _ _ _

67.7

58.7

3.1

6.1

5.6

3.0

17.9

4.2

3.4

5.7

3.4

16.6

_

7

63.6

55.1

Equals* Disposable personal income
Less: Personal consumption expenditures

64.9

_

5
6

...

Adjusted Quarterly Totals at Annual Rates, 1952-55

[Billions of dollars]
1954

Line

1955

I

II

III

IV

284.9

285.6

286.9

291.4

32 7
29 0
37

32 8
29 0
38

33 0
29 1
38

33 3
29 4
39

252.3

252 8

254 0

258 0

-

232.2

235.0

237.8

241.1

_._

20.1

17.8

16.2

16.9

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

_ _ _

.

.

I

II

III

IV

287.3

295.1

303.8

309.6

314.6

306 1

32 9
29 1
38

34 5
30 4
4 1

35 3
31 2
4 1

35 9
31 7
4 2

36 3
32 0
4 3

35 5
31 3
4 2

254 4

260 6

268 5

273 8

278 4

270 6

236.5

246.7

251. 8

257.8

259.5

254 0

17.9

13.9

16.7

15.9

18.8

1C 6

Year

Year

Income, and Personal Income, Quarterly, 1952-55
[Billions of dollars]

1954

Line

I

II

1955

III

IV

I

Year

II

III

IV

Year

Gross national product

87 2

88 9

89 1

95 5

360 7

99 0

96 5

98 3

104 2

4
5

Less: Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy

7 0
7.3
.3
— 7

7 1
7.5
.3
— 4

7 3
7.5
3
— 4

28 8
30.2
1 4
18

7.6
4
— 4

7 8
8. 1
4
-5

7 9
83
4
_ 2

81
8. 5
4
28

6

Plus: Subsidies less current surplus of government enterprises

-.1

.0

.0

7 4
7 8
3
32
j

-.2

.0

o

0

3

7

Equals: National income - .

73.2

74.3

74.3

76.6

298.3

76 9

80 8

81 9

84 4

324 0

2

.

__ ._

',

390 9
31
32
1
1

3
5
4
8

8
9
10

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

7.8
2.8
.0

8.5
2.6

8.0
2.3

8 6
2.0

32 9
9.7

9 3
2 9

o

10 6
30
I

10 2
2 7
_ i

10 7
2 5

40 9
11 1

11
12
13
14

Plus: Government transfer payments
Net interest paid bv government
Dividends.
__
. .. .
Business transfer payments

3.7
1.2
2.4
.3

38
1.5
2.3
3

37
1 l
2.3
3

39
14
3.0
3

15 0
5 2
10.0
14

4 i
1 i
2 5
4

4 1
16
2 5
4

39
13
2 6
4

4 0
12
36
4

16 9
1
5
11 2
1 4

15

Equals: Personal income

70.1

71 1

71 5

74 6

287 3

72 7

75 g

77 4

80 4

306 1




- - - - -

o

o

o

o

o

Q

SURVEY OF CURRENT BUSINESS

30

July 1956

Table 49.—Relation of Gross National Product, National Income, and Personal
[Billions of dollars]
1952

Line
11

III

IV

338.4

340.1

345. 2

358.1

23 1
27.0

23.7
28.0
1.2
1.8

24.1
28.2
1.2
.6

24.7
29. 2
1.2
3. 1

284.6

285. 6

290. 8

37.8
8.6
.1

35. 6
8.5
.0

35.1
8.6
-.3

11.6
4.9
9.0
1. 1

11.7
4.9
9.0
1.2

264. 5

268.2

I

1

Gross national product

2
3
4
5

Less: Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
_

6

Plus: Subsidies less current surplus of government enterprises

7

Equals: National income _ _

1}
.0

„

8
9
10

Less: Corporate profits arid inventory valuation adjustment
Contributions f o r social insurance.- - , _ _ _ _ _
Excess of wage accruals over disbursements ... _ . .

11
12
13
14

Plus: Government transfer payments
Net interest paid by government
Dividends
_ __
.
Business transfer payments

15

Equals: Personal income

„
.

___ .__ . _ _ .... . _ . _ . _

. . . .

1953

i
!

-.3

|

Year

I

II

i
i

345.4 !

I
!
i
i
!

-.4 |
299.6

361.6

367.4

23. 9 ;
28. 1
1.2
2.0 ;

25.6
29. 8
1.3
1.7

III

26.2
30.2
1.4
3.6

;

-.1

-.2

!
1

.
.

366.3
26.8 ;
30.4
1.4
3. 2 ;

-.3

-.4

305.8

304.1

IV

.
.

357.5
27. 4 I
30.4
1.4 i
1.9 j
-.7 i

295.7

Year

j
1
363.2 |

26.5
30. 2 j
1.4 !
2. 6 !
-.4

302.1

290.2 j

303.0

39. 1 1
8. 8 i
.0 [

36. 9 '
8. 6 !
.0 j

39. 1
8.8
-0

38.7
8.9 i
-. 1 i

36.6
8.7
-.1

1
29.8 1
8.5 !
-.11

'
36.0
8. 7 .
-. 1 ;

12.3
4.9
9.0
1.2

12.5
4.9
9. 0
1.2

12.0 i
4.9
9. 0 1
1.2 |

12.7
4.9
9. 2
1.3

12.7 \
5. 0 \
9.5 !
1.4

12.8
5. 0
9.5
1.4

13.4
5. 1
9.5
1.4

12.9 !
5. 0 !
9.3 !
1.4 |

274.8

279.3

286.9 |

287.7

286.8

286.0 j

i
'
1
j

271.8 j

283.4

Table 50.—Personal Consumption Expenditures
[Billions of dollars]
1953

1952

Line
II

I

1

Goods and services, total

|

IV

Year

I

II

III

50.5

2
3
4
6
7
9
10
11
12

Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages _
Gasoline and oil
Semidurable house-furnishings
Tobacco
-- - Other nondurable goods

13
14
15
16
17
18
19

Services, total
Household operation
Housing
Transportation
Personal services
Recreatioji
Other services

53.2 !

60.7

218.3 i

54.3

5.6
2 3
2.7
.6

6.8
30
3.0
.8

6.1 1
22;
3.0 ;i
.8

8.2
29
3.8
1.5

26.6
10 4 !
12. 5 i
3. 7 j

6.7
32
2.8
.7

7.7
37
3. 1
.9 i

- .-

26.4
4.0
16. 3
1.3

28.3
4.9
17.3
1.6

28.3
4. 4
18.0
1.6

33.1
6. 8
IS. 5
1. 5

116. 1 «
20. 1
70. 1 |
6.0 !

27.6
4. 3
17.0
1.4

29.4 '
5. 0
17.9 1
1.7

4.7

4.4

4.4

6.4

19.9 i
i
75.6 i
11.1
25. 6 !
.5.8 •.

5.0

4. 8 i

20.0
3.2
... 7
1.7

20.4
3.0
6. 8 !
1.9 i

8. 4

8.8

...

_

.. _ _

-

..
-

--

- ______

_

-

- -

)
|

_ _ _ _ _
_

__

53. 9

. _ _ ..

Durable goods, total
- - - ,.
Automobiles and parts
Furniture and household equipment-. Other durable goods

8

III

__ _
-.

_ -

}
\
_ . . . _ - _ _ _ I

_

!

:

18.5
2.9
6.2
1.6

18.8
6.3
1 7

18.8 i
2.6
6. 4 :
1.8 '

19. 4
2.8 i
6. 6 1
1.7 i

7.8

8.1

8.0:

8. 2 i

i

57.5

IV

56.9

i
7.4 i
35
3. 1 1
.8 i
1
29. 0 !
4. 2 I
18.3 !
1.8
!
4.6 1
i

20.5 i
2.8
7. 0 !
1.9 i

Year

61.8

230.5

7. 9 :
27
3. 8 i
1.4 :

29.8
132
12. 8
3.9

33.2 i
6. 4 ;
IS. 7 ;
1.7 '•
1
6.4 !
j

119.1
19. 9
71.9
6.6

20.7

20.7 !
3.0 i
7. 1 1
1.8 !

81.7
12.0
27. 6
7.3

8.8

34.8

i

9 7

32. 1

;

8. 8 i

Table 51.—Personal Consumption Expenditures by Major Type,
[Billions of dollars]
1953

1952

Lino
[
2
"i

4
5

I

Goods and services, total

.

Durable goods, total
__..._
_ _ .
\utomobilcs and parts
Furniture a n d household equipment
_
Other durable goods
.
- -_

f.
7
8
9
10
11
12

Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods

13
14
15
16
17

Services, total
Household operation
Housing
Transportation
Personal services
Recreation
Other services

18
19

_




__

.

218. 3

225.1

218. 3

11

in

6

231.4

232.

I

228.

IV
0

230.

Year

2

230.5

!

26.8
11 0
12.2
3.7

25.2
8 8
12.6
3.8

29.0
12 2
12.8
3. 9

26. 6
10. 4
12. 5
3. 7

30.2
13 5
12.8
3.9

30.6
13.8
12.9
3. 9

30.5
13 7
12.9
3.9

28.0
11. 6
12.6

--

___ _

_

-_
_ -

-

5

Year

25.6
9 6
12.4
3.6

_ _

_

_. ._

114.2
20.0
68.8
5 9

115.0
19. 6
69. 8
6. 0

116.9
20. 3
70. 5
6.1

118.3
20. 0
71.2
6. 1

116.1
20. 1
70. 1
6.0

118.9
20.4
71.6
6.2

119.8
20.3
72.0
6.4

118.9
19.5
71.9
6.7

118.6
19.3
72.0
6.9

29.8 1
13.2 I
12.8
3.9 !
i
119.1
19.9
71.9
6.6

19. 5

19. 6

20.0

20.4

19.9

20.7

21.0

20.8

20.5

20.7 !

73.5
10.8
24.8
6.7

74.7
10.9
25.3
6.7

76.2
11.2
25.8
6.9

77.9
11.4
26.4
7.0

75.6
11. 1
25.6
6.8

79.5
11.7
26.8
7.2

81.0
12.0
27.2
7.3

82.6
12.3
27.8
7.3

83.6
12.2
28.5
7.3

81.7
12.0
27.6
7.3

31. 2

31.7

32.3

33.2

32. 1

33.8

34.5

35.2

35.6

34.8

_ _ _ _ _

-_

--

216.

IV

__

_ .

- __

213. 4

_._

III

11

- - -

--

1
\
__._......_- J

-- -

-

- -- - -

1
\
|

SURVEY OF CURRENT BUSINESS

."July 11150

31

Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1952—55
[Billions of dollars]
1954

Line

1955

I

n

III

IV

360. 7

377.3

387. 4

396.8

401.9

390.9

28.8
30.2
14

30.3
31.4
1 4

31. 1
32.4
1 4

31.7
32.8
14

2.7

31.3
32.5
1 4

1.2

32.2
33.4
1 4

.6

1.8

-.2

2

.7

.1

,

.3

303. 1

298.3

311.3

321. 9

328. 3

334. 4

324.0

32.5
9.7
.0

34.7
9.8
.0

32.9

38.5
10.6
.1

40.2
10.9

41.6
11.3

43.4
11.4

40.9
11.1

—.6

.0

14 8
5.2
9.9
1.4

15 0
5.2
10.0
1.4

15 8
5.2

15.0

16 2

16.0

16 3

16 1

10.3

10.0

10.7

12.1

11.2

1.4

1.4

11.0

285.6

1

286.9

291.4

295.1

303. 8

309. 6

314.6

306.1

II

III

IV

357. 6

358,5

359. 4

367. 1

28,0
30.0
14
1.9

28.5
30.1
1 4
2.0

29.6
30.6
1 4
2.1

—. 5

.2

29 0
29.9
14
1.4
__ o

-.4

295.8

296.7

297.6

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance .
_
Excess of wage accruals over disbursements

31.7
9.6
.0

32.7
9.7
.0

11
12
13
14

Plus: Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
-

14.3
5.1
9.7
1.4

15

Equals: Personal income

284, 9

1

Gross national product

2

Less: Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy

3

4
5

-

_ _

___..__

o Plus: Subsidies less current surplus of government enterprises
„
8
9
10

Equals: National income

-- - -

1.4

Year

1.8

9.7
.0
5.2
1.4

287.3

3.0

15 9
5. 2
10.4

.5

5.2

5.2
1.4

Year

5.3
1.4

.0

5.2
1.4

by Major Type, Quarterly, 1952-55
[Billions of dollars]
1954

1955

Line
•
1
2
3

4

5

Goods and services, total

..__

.

__

Durable goods, total
Automobiles and parts
Furniture and household equipment
Other durable goods

_._

6
7
8
9
10
H
12

i

Nondurable goods, total
Clothing and shoes ..
_ _
Food and alcoholic beverages
._ ._
Gasoline and oil
Sernidurable housefurnishings _ .
______
Tobacco
Other nondurable goods
_ _ _ _ _ _

13
14
15
16
17
18
19

Services total
Household operation
Housing
Transportation
Personal services
Recreation
Other services

_ _

.

__

|

III

II

IV

Year

I

II

III

Year

IV

55.1 i

58.7

58. 0

64. 7

236. 5

58.7

63.0

62.9

69.4

254.0

6. 4
2. 9
28
.7

7. 5
3. 6
31
.9

6. 9
2. 9

8. 6
3. 2

31
.8

39
1.6

29.4
12.6
12 9

7.9
4.1

9.2
4.8

8.8
4.4

9.8
3.8

31
.7

3 4

3 5

4 3

35.7
17.2
14 3

27, 4
3. 9
17. 1
1.6

29. 7
o.O
18. 0
L.9

29. 6
4. 2
18. 8
1.9

34. 2
6. 6
19. 3
1.8

120.9
19.7
73.2

28.2

30.8

17.5

18.8

1.7

4.9

4.7

4. 7

6. 5

20.8

5.1

21 3
3.4
7.2 i
1.7

21 6
31
7.3
1.9

21 5
29
7. 4
1.9

21 9
33
7. 4
1.8

86 3
12 6
29 3

22 6
3 7
7 5

9.0 i

9.4

9. 4

9. 4

37.1

___

_

_ __

______
_ _

I

_

_.
1
f

]
[

_

7.2

7.3

1.7

4.2

31.1

36.0

2.0

19.7
2. 1

20.1

126.2
20.6
76.0

4.9

4.8

7.0

21.8

23 0
3 4
7 6

23 5
3 7
7 8

92 1
14 0
30 6

1.7

1.9

23 1
33
7 7

1.9

7.5

96

3.9

10. 1

10 2

10 2

40 1

4.0

1.0

5.1

.9

4.5

1.9

7.0

1.9

7.7

I

Seasonally Adjusted Quarterly Totals at Annual Rates, 1952—55
[Billions of dollars]
1954

me
1

1955

i i

III

IV

Year

I

II

III

Year

IV

I

232, 2

235.0

237 8

241 1

236 5

246 7

251 8

257 8

259 5

254 0

Durable goods, total _ _ _ _
Automobiles and parts
Furniture and household equipment
Other durable goods

\
i
1

28.5
11.9
12. 8
3. 7

29.2

29.4
12.5
12.9
4 0

30.4
13.4
12.9
4 1

29.4
12.6
12.9
39

34 7
16.8
13 9
4 1

35 3
16.9
14 1
4 2

37 2
18.5
14 5
4 2

35
16
14
4

4
5
5
4

35 7
17 2
14 l>
3
4

j
i
\
i
i]
>
]

119. 2
19. 5
72 2
7.0

120.3
19. 7
72 6

122.5
19 9
74 2
7 4

120.9
19 7
73 2
7 2

122.5
19 9
7 5

125.3
20 6
75 5
7 7

127.6
20 8
77 2
7 8

129
21
77
7

2
3
8
8

126 2
20 6
76 0

7.1

121.5
19 5
73 8
7 2

n

Nondurable goods, total .
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Sernidurable housefurnishings
Tobacco
Other nondurable goods

20. 5

20 9

21 0

20 9

20 8

21 4

21 5

21 9

22 3

21 8

13
14
15
16
17
18
19

Services, total.
Household operation.Housing
Transportation
Personal services
_
Recreation
Other services. .

84.5
12.4
28.8
7 3

85.5
12.4
29. 1
7 2

86.9
12.6
29.4
7 2

88 3
13. 1
29.8
7 3

86.3
12.6
29.3
7 3

89 5
13 4
30. 1
7 4

91
13
30
7

2
6
5
4

92 9
14 2
30.8
7 5

94
14
31
7

92
14
30
7

36. 1

36.8

37.6

38 1

37 1

38 6

39 7

40 5

41 4

9

3
4
5
6
7
H

q
10

11

Goods and services, total

II




__ _

_. _ _

_

_ _ _ _ _ _
_.

_ ...
_ __

i
i
']
i>
]

12.4
12.8
4.0

9
8
1
6

1
0
6
5

40 1

* BUSINESS STATISTICS

Wontti

[Annual averages (or totals) for 1955 are provided herein; see reference note on p. 5 regarding data for June 1956.]
I. HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. In most
instances, the terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to adjustment for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS

Data from private sources are provided

1956

1955

May

July

June

August

Septem- October Novem- December
ber
ber

Annual
total

January

February

March

April

May

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual ratesrf
National income total
bil of dol
Compensation of employees total
Wages and salaries total
Military
Government civilian
Supplements to wages and salaries

r

_

321 9

' 328 3

r

Proprietors' and rental income total cf
do
Business and professional cf
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
do

49.0
27.7
11 3
10.0

40. 2

10.6

41.6
43 5
22.0
21 5
-1.9
11.0

387 4

' 396. 8

'401 9

r

41 1
20 7
20 3
r
— 9

r
T

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

do
do
do
do

' 251 8
'35.3
125 3
r
91. 2

Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories

do
do
do _
do

Personal income total
Less: Personal tax and nontax payments
Equals* Disposable personal income

r
r
r

Personal saving §

n

do_ -

76. 5
46 6
'41 3
r
29. 9
T

303 8
35.3
268 5

r
T

T

* 16.7

40.9
43 7
22. 1
21 6
'—2 8
' 11.5
' 403. 4

'390 9

' 261 7
' 34 8
' 130 5
' 96.4

' 60 6
'32 7
'23 7
'4 2

r

' 76 8
' 46 7
' 41 2
30.1

'
'
'
'

63 1
' 32 6
' 26. 4
r 4 I
I

r_ §

T
r

76.2
46 3
Ml 3
r
29.9

40.9
42 7
21 5
21 1
'—1 7
' 10 8

' 65 1
' 33 0
' 25 9
' 6 1

.2

r
r

49 5
28 2
11 5
'9 8

'43 4
' 46 4
' 23.4
' 23 0
'—3 0
' 11.3

' 62. 3
r
33 5
r
25.0
'3. 7

r 4 9

T

' 49 3 ' 49 1
28.0
27.3
' 11 4
11 7
10. 1
'9 8

257. 8
'37.2
' 127 6
'92. 9

60.2
32 9
22.4
T

do
do
do

' 233 0
' 219.4
' 182 5
'9 6
27.3
13 6

' 259 5 ' 254 0
'35.4
' 35. 7
' 129 2 ' 126 2
' 94.9
' 92 1

r

T
r
r

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

334 9

' 223 2
' 210 4
' 174 5
'9 8
' 26. 1
12 8

49 5
27.1
12 2
10 2

r
T

do

Gross national product total

' 230 3
' 217.0
' 180 5
'9 7
'26.8
' 13 3

226 8
'213.6
r
177 5
'9.8
26.4
13.2

r
r

do
do
do

' 334 4 ' 324 0

r

' 221 6
209. 0
172 9
r
10 0
r
26.1
r
12 6

do
do

' 78 1
' 47 2
'40 6
' 30 9

* 15.9

18.8

5
4
5
1

' 317 5
' 37 3
' 280 2

'314 6
'306 1
' 36 3 ' 35.5
' 278 4 ' 270 6

309 6
' 35. 9
073 g

78
46
40
32

' 18. 6

' 16 6

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :f
Total personal income _. . _. _ _ .. _ -bil. of dol Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service indu strics
Government

do
do
do
do
do

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. of dol- -

' 304. 3

r

' 208. 8
90.8
54.7
27.9
35.4

' 210. 5
91.4
55. 3
28.1
35 7

6 9
49.7
26.5
17 6
5.2

306. 0

r

309. 2

* 214. 5
92.1
56.1
28.6
37 7

70
49.4
26.7
J7 6

r7i
48.5
26. 9
17 5

5.2

5.3

r

r

308. 7

'213.4
92.1
56.5
28.7
36.1
T

'311.0

'311.6

' 314. 5 ' 317. 5

' 214.7 '215.3 ' 217. 2
'94.2
'92.8
'93.3
' 56. 9 ' 56. 7 ' 57.3
'28.9
'28.7
'29.3
r
' 36 4 ' 36.4
36 3

7. 1
49.0
27.1
17.4

' 7 2
T
49. 4
'27.6

5.3

5.3

r

17 4

' 218. 2
94.5
57.6
29.4
36 7

' 306. 1

'316.7

' 210.4 ' 219. 0
'90.9
94.8
57.9
' 55. 4
29.5
'28.2
' 35 9
36 8

'317.1

' 318. 6

' 218. 9 ' 220. 3
'94.7
95. 1
'57.9
58.4
'29.5
29. 6
' 36 8
37 2

'321.7

323 0

' 222. 9
' 96.8
'59.1
'29.8
' 37 2

223.3
96.8
59.1
30.0
37 4

7
50
29
18

' 7 2
'49.1
'27.9
' 17 4

'7 2
'49.6
'28.1
r 17 7

'7 3
49.2
30. 2
18 0

7 0
49 1
'27.3
' 17 6

' 7 3
49.4
28.5
18 2

7 2
'49.7
'28.7
' 18 3

'7 2
49 5
28.8
18 5

'7 2
' 49 7
' 29 1
' 18 6

5.3

5.3

5.4

5.2

5.7

5.7

5.7

'5.8

2
3
3
7

5.8

r
Total nonagricultural income
do
288. 6 r 290. 4 ' 294. 7 r 293. 8 ' 295. 9 ' 296. 9 ' 299. 4 ' 302. 8 ' 290. 9 ' 301. 6 ' 301. 5 ' 304. 0 ' 306. 8
307.8
' Revised.
f Revised series. Effective with this issue of the SURVEY, estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff.); for data prior to
1952, see the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
cf Includes inventory valuation adjustment.
9 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