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national income and Product Accounts
of the United States, 1929-97
Volume 1

U.S. DEPARTMENT OF COMMERCE
ECONOMICS AND STATISTICS ADMINISTRATION-BUREAU OF ECONOMIC ANALYSIS



OF,

U.S. Department of Commerce
Donald L. Evans, Secretary

Economics and Statistics Administration
Kathleen B. Cooper, Under Secretary for Economic Affairs
ADMINISTRATION!

Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director




September 2001




Citation
U.S. Bureau of Economic Analysis. National Income and Product Accounts
of the United States, 1929-97: Volume 1. Washington, DC: U.S. Government Printing Office, September 2001.

Acknowledgments
Brent R. Moulton, Associate Director for National Income, Expenditures, and Wealth Accounts, supervised
the preparation of the comprehensive revision of the
national income and product accounts. Karl D. Galbraith, Chief of the Government Division, and Ralph
H. Kozlow, former Chief of the National Income and
Wealth Division, directed major parts of the revision.
Carol E. Moylan, Chief of the National Income and
Wealth Division, directed the preparation of this publication and of the CD-ROM. Robert P. Parker, former
Chief Statistician, provided technical guidance. Shelby
W. Herman and Kali K. Kong—together with Willie J.
Abney, Jennifer A. Bennett, Arnold J. Katz, Kurt Kunze,
Leonard J. Loebach, Karin E. Moses, Thae S. Park,
Claire G. Pitzer, and David E Sullivan—coordinated
and conducted the estimate review process.
Eugene P. Seskin and David R Sullivan prepared the
text for this publication. Duane G. Hackmann designed and prepared the tables. Mary Carol Barron,
Michael J. Boehm, John Sporing, Jr., and Mary D.
Young, under the direction of Herb L. Cover, developed and operated the computer systems used to compile, check, analyze, and report the final estimates.
David E Sullivan coordinated the presentational improvements and table changes. Sherman J. Hammack,
Karl V. Rohrer, and Teresa L. Weadock prepared analyses and other review materials.
M. Gretchen Gibson of the Current Business Analysis Division coordinated the preparation of the publication for printing. W. Ronnie Foster designed the
cover.
Other BEA staff who made significant contributions to the revision are listed below.
Personal consumption expenditures: Clinton P.
McCully. Goods: M. Greg Key, Robert N. Ganz, Everette P. Johnson, James J. Raley III, and Shirley D. Tisdale. Services: Aaron C. Catlin, Thea C. Graham, and
Myung G. Han.
Investment and foreign transactions: Carol E. Moylan, Leonard J. Loebach, and Randal T. Matsunaga.
Inventories: Debra M. Blagburn and Jennifer A. Ribarsky. Structures: Wharton H. Berger and Velma P.
Henry. Foreign transactions, equipment, software, and
prices: David B. Wasshausen, Jeffrey W. Crawford,
Nadia F.P. Sadee, Nicole M. Spugnardi, and Reed M.
Wirick.




Federal Government: Pamela A. Kelly, Laura M.
Beall, Peter G. Beall, Kurt S. Bersani, James E. Boucher,
Ann M. Groszkiewicz, Doris N. Johnson, Sean P. Keehan, Raymen G. LaBella, Claire G. Pitzer, Michael D.
Randall, Michelle D. Robinson, Mary L. Roy, Shelly
Smith, Benyam Tsehaye, and Andrew E. Vargo.
State and local government: Bruce E. Baker, Steven J.
Andrews, W. Robert Armstrong, Joanne Buenzli, Florence H. Campi, Benjamin D. Cowan, Janet H.
Kmitch, and Donald L. Peters.
Chain-type quantity and price measures: Christian
Ehemann, Michael J. Boehm, Sherman Hammack, and
Karl V. Rohrer.
Income: Carol E. Moylan.
Personal income: Paul R. Lally, Thae S. Park, and
Toui C. Pomsouvan.
Employee compensation: Paul R. Lally and Mollie B.
Knight. Wages and salaries: Brian V. Moran and James
E. Rankin. Other labor income: Monisha Primlani,
Garth K. Trinkl, and Ernest D. Wilcox.
Business income: Kenneth A. Petrick. Corporate profits: Debora A. Fisher and Jerry L. Stone. Nonfarm proprietors' income: Willie J. Abney.
Property income: George M. Smith. Farm output and
income: Fred G. Kappler. Interest income: Mary Kate
Schuster. Rental income of persons and housing output:
Denise A. McBride and Shaunda M. Villones.
Consumption of fixed capital: Shelby W. Herman.
Private: Phyllistine M. Barnes, Michael D. Glenn,
Kurt Kunze, and Dennis R. Weikel. Government: D.
Timothy Dobbs, Jennifer A. Bennett, and Charles S.
Robinson.
NIPA information: Marilyn E. Baker, Phyllistine M.
Barnes, Virginia H. Mannering, and Teresa L.
Weadock.
Secretarial: Esther M. Carter, Katherine Dent, Angela P. Pointer, Angela M. Tucker, and Dorothy A. Wilson.
In addition, Robert L. Brown, Barbara M. Fraumeni, Bruce T. Grimm, Robert J. McCahill, Lisa C.
Ninomiya, Mark A. Planting, and Robert E. Yuskavage
contributed to the definitional, classificational, and
statistical improvements that were incorporated into
the accounts.

in







Contents
Volume 1
Acknowledgments

National Income and Product Accounts
of the United States, 1929-97

Hi

M-i

History of the NIPA's
Additional Information About the National Accounts

M-l
M-4

Definitions and Classifications Underlying the NIPA's
NIPA Entries
Major aggregates
Table A. Summary National Income and Product
Accounts, 1997
National income and product account
Personal income and outlay account
Government receipts and expenditures account
Foreign transactions account
Gross saving and investment account
Other definitions
Real Output and Related Measures
Quantity and price indexes
Chained-dollar measures
Price indexes
Implicit price deflators
Command-basis GNP and terms of trade
Classifications of Production
Type of product
Sector
Legal form of organization
Industry

M-5
M-5
M-5
M-6
M-8
M-12
M-l3
M-13
M-13
M-14
M-14
M-15
M-15
M-18
M-19
M-19
M-19
M-19
M-20
M-20
M-21

The Presentation of the NIPA's
Release schedule
Publication of the NIPA tables
Other presentations of NIPA estimates and
NIPA-related estimates
Data Availability

M-22
M-22
M-23
M-23
M-24

Statistical Conventions Used for the NIPA Estimates
Seasonal adjustment
Annual rates

M-25
M-25
M-25

Appendix: Updated Summary NIPA Methodologies
Current-dollar estimates
Real estimates

M-27
M-29
M-30

S. Summary Tables
5.1 Summary of Percent Change From Preceding Period in Real Gross Domestic Product
and Related Measures: Annually, 1930-97, and Quarterly, 1947-97
5.2 Summary of Contributions to Percent Change in Real Gross Domestic Product:
Annually, 1930-97, and Quarterly, 1947-97

1
1

1. National Product and Income
1.1 Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97
17
1.2 Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97
23
1.2A Real Gross Domestic Product, Chained (1937) Dollars: 1929-47
29
1.2B Real Gross Domestic Product, Chained (1952) Dollars: Annually, 1942-62,
and Quarterly, 1947-62
30
1.2C Real Gross Domestic Product, Chained (1972) Dollars: Annually
and Quarterly, 1962-82
32
1.2D Real Gross Domestic Product, Chained (1982) Dollars: Annually
and Quarterly, 1972-92
35
1.3 Gross Domestic Product by Major Type of Product: Annually, 1929-97,
and Quarterly, 1947-97
38
1.4 Real Gross Domestic Product by Major Type of Product: Annually, 1929-97,
and Quarterly, 1947-97
42
1.5 Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales
to Domestic Purchasers: Annually, 1929-97, and Quarterly, 1946-97
47
1.6 Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and
Real Final Sales to Domestic Purchasers: Annually, 1929-97, and Quarterly, 1947-97
49
1.7 Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1946-97
52
1.8 Real Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1947-97
56
1.9 Relation of Gross Domestic Product, Gross National Product, Net National Product,
National Income, and Personal Income: Annually, 1929-97, and Quarterly, 1946-97
60
1.10 Relation of Real Gross Domestic Product, Real Gross National Product, and Real
Net National Product: Annually, 1929-97, and Quarterly, 1947-97
68
1.11 Command-Basis Real Gross National Product: Annually, 1929-97,
and Quarterly, 1947-97
72
1.12 Net Domestic Product by Sector: 1929-97
75
1.13 Real Net Domestic Product by Sector: 1987-97
75
1.14 National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97
76
1.15 National Income by Sector, Legal Form of Organization, and Type of Income, 1929-97 . . . 84
1.16 Gross Product of Corporate Business in Current Dollars and Gross Product
of Nonfmancial Corporate Business in Current and Chained Dollars: Annually,
1929-97, and Quarterly, 1946-97
88

2. Personal Income and Outlays
2.1 Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97
2.2 Personal Consumption Expenditures by Major Type of Product: Annually, 1929-97,
and Quarterly, 1946-97

vi



Volume 1

104
120

2.3 Real Personal Consumption Expenditures by Major Type of Product: Annually
and Quarterly, 1987-97
2.4 Personal Consumption Expenditures by Type of Expenditure: 1929-97
2.5 Real Personal Consumption Expenditures by Type of Expenditure: 1987-97
2.6 Personal Consumption Expenditures by Type of Product: 1929-97
2.7 Real Personal Consumption Expenditures by Type of Product: 1987-97
2.8 Personal Income by Type of Income: Annually and Monthly, 1959-97
2.9 Personal Income and Its Disposition: Annually and Monthly, 1959-97
2.10 Personal Consumption Expenditures by Major Type of Product: Annually
and Monthly, 1959-97
2.11 Real Personal Consumption Expenditures by Major Type of Product: Annually
and Monthly, 1987-97

126
128
136
138
146
148
154
160
163

3. Government Current Receipts and Expenditures
3.1 Government Current Receipts and Expenditures: Annually, 1929-97,
and Quarterly, 1946-97
164
3.2 Federal Government Current Receipts and Expenditures: Annually, 1929-97,
and Quarterly, 1946-97
172
3.3 State and Local Government Current Receipts and Expenditures: Annually, 1929-97,
and Quarterly, 1946-97
180
3.4 Personal Tax and Nontax Receipts: 1929-97
188
3.5 Indirect Business Tax and Nontax Accruals: 1929-97
189
3.6 Contributions for Social Insurance: 1929-97
191
3.7 Government Consumption Expenditures and Gross Investment by Type:
Annually, 1929-97, and Quarterly, 1947-97
193
3.8 Real Government Consumption Expenditures and Gross Investment by Type:
Annually and Quarterly, 1987-97
201
3.9 Government Consumption Expenditures Gross and Net of Sales by Type: 1929-97
204
3.10 National Defense Consumption Expenditures and Gross Investment:
Annually and Quarterly, 1972-97
206
3.11 Real National Defense Consumption Expenditures and Gross Investment:
Annually and Quarterly, 1987-97
210
3.12 Government Transfer Payments to Persons: 1929-97
212
3.13 Subsidies Less Current Surplus of Government Enterprises: 1960-97
214
3.14 Social Insurance Funds Current Receipts and Expenditures: 1929-97
215
3.15 Government Consumption Expenditures and Gross Investment by Function: 1952-97... 217
3.16 Government Current Expenditures by Function: 1952-97
223
3.17 Selected Government Expenditures by Function: 1952-97
229
3.18A Relation of Federal Government Current Receipts and Expenditures in the National
Income and Product Accounts to the Consolidated Cash Statement, Fiscal Years and
Quarters: Annually, 1952-67, and Quarterly, 1959-67
235
3.18B Relation of Federal Government Current Receipts and Expenditures in the National
Income and Product Accounts to the Budget, Fiscal Years and Quarters:
Annually and Quarterly, 1968-97
238




Volume 1

vii

3.19 Relation of State and Local Government Current Receipts and Expenditures
in the National Income and Product Accounts to Bureau of Census Government
Finances Data, Fiscal Years: 1959-97
3.20 Relation of Commodity Credit Corporation Expenditures in the National Income
and Product Accounts to Commodity Credit Corporation Outlays in
the Budget: 1960-97

247

249

4. Foreign Transactions
4.1 Foreign Transactions in the National Income and Product Accounts: Annually, 1929-97,
and Quarterly, 1946-97
4.2 Real Exports and Imports of Goods and Services and Receipts and Payments of Income:
Annually and Quarterly, 1987-97
4.3 Exports and Imports of Goods and Services by Type of Product: Annually
and Quarterly, 1967-97
4.4 Real Exports and Imports of Goods and Services by Type of Product: Annually
and Quarterly, 1987-97
4.5A Relation of Foreign Transactions in the National Income and Product Accounts
(NIPA's) to the Corresponding Items in the International Transactions Accounts
(ITA's): 1946-85
4.5B Relation of Foreign Transactions in the National Income and Product Accounts
(NIPA's) to the Corresponding Items in the International Transactions Accounts
(ITA's): 1986-97

250
256
257
266

270

272

5. Saving and Investment
5.1 Gross Saving and Investment: Annually, 1929-97, and Quarterly, 1946-97
5.2 Gross and Net Investment by Major Type: 1929-97
5.3 Real Gross and Net Investment by Major Type: 1987-97
5.4 Private Fixed Investment by Type: Annually and Quarterly, 1946-97
5.5 Real Private Fixed Investment by Type: Annually and Quarterly, 1987-97
5.6 Private Fixed Investment in Structures by Type: 1929-97
5.7 Real Private Fixed Investment in Structures by Type: 1987-97
5.8 Private Fixed Investment in Equipment and Software by Type: 1929-97
5.9 Real Private Fixed Investment in Equipment and Software by Type: 1987-97
5.10 Change in Private Inventories by Industry Group: Annually, 1929-97,
and Quarterly, 1946-97
5.11 Real Change in Private Inventories by Industry Group: Annually, 1929-97,
and Quarterly, 1947-97
5.12 Private Inventories and Domestic Final Sales of Business by Industry Group:
Quarterly, 1946-97
5.13 Real Private Inventories and Real Domestic Final Sales of Business by Industry Group:
Quarterly, 1947-97
5.14 Gross Government Fixed Investment by Type: 1929-97
5.15 Real Gross Government Fixed Investment by Type: 1987-97
5.16 Changes in Net Stock of Produced Assets (Fixed Assets and Inventories): 1951-97

viii



Volume 1

273
281
283
284
289
291
293
294
296
297
303
309
315
321
325
326

Volume 2
Acknowledgments

iii

6. Income and Employment by Industry
6.1 A National Income Without Capital Consumption Adjustment by Industry
Group:1929-48
1
6.IB National Income Without Capital Consumption Adjustment by Industry
Group: Annually and Quarterly, 1948-87
1
6.1C National Income Without Capital Consumption Adjustment by Industry
Group: Annually and Quarterly, 1987-97
6
6.2A Compensation of Employees by Industry: 1929-48
8
6.2B Compensation of Employees by Industry: 1948-87
10
6.2C Compensation of Employees by Industry: 1987-97
13
6.3A Wage and Salary Accruals by Industry: 1929-48
14
6.3B Wage and Salary Accruals by Industry: 1948-87
16
6.3C Wage and Salary Accruals by Industry: 1987-97
19
6.4A Full-Time and Part-Time Employees by Industry: 1929-48
20
6.4B Full-Time and Part-Time Employees by Industry: 1948-87
22
6.4C Full-Time and Part-Time Employees by Industry: 1987-97
25
6.5A Full-Time Equivalent Employees by Industry: 1929-48
26
6.5B Full-Time Equivalent Employees by Industry: 1948-87
28
6.5C Full-Time Equivalent Employees by Industry: 1987-97
31
6.6A Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry: 1929-48
32
6.6B Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry: 1948-87
34
6.6C Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry: 1987-97
37
6.7A Self-Employed Persons by Industry Group: 1929-48
38
6.7B Self-Employed Persons by Industry Group: 1948-87
38
6.7C Self-Employed Persons by Industry Group: 1987-97
39
6.8A Persons Engaged in Production by Industry: 1929-48
40
6.8B Persons Engaged in Production by Industry: 1948-87
42
6.8C Persons Engaged in Production by Industry: 1987-97
45
6.9B Hours Worked by Full-Time and Part-Time Employees by Industry Group: 1948-87
46
6.9C Hours Worked by Full-Time and Part-Time Employees by Industry Group: 1987-97 . . . . 47
6.1 OB Employer Contributions for Social Insurance by Industry Group: 1948-87
48
6.10C Employer Contributions for Social Insurance by Industry Group: 1987-97
49
6.11A Other Labor Income by Industry Group and by Type: 1929-47
50
6.1 IB Other Labor Income by Industry Group and by Type: 1948-87
51
6.11C Other Labor Income by Industry Group and by Type: 1987-97
54
6.12A Nonfarm Proprietors' Income by Industry Group: 1929-48
55
6.12B Nonfarm Proprietors' Income by Industry Group: 1948-87
55
6.12C Nonfarm Proprietors' Income by Industry Group: 1987-97
56
6.13A Noncorporate Capital Consumption Allowances by Industry Group: 1929-47
57
6.13B Noncorporate Capital Consumption Allowances by Industry Group: 1948-87
57
6.13C Noncorporate Capital Consumption Allowances by Industry Group: 1987-97
59
6.14A Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of
Organization and Industry Group: 1929-47
60




6.14B Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of
Organization and Industry Group: 1948-87
6.14C Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of
Organization and Industry Group: 1987-97
6.15A Net Interest by Industry Group: 1929-47
6.15B Net Interest by Industry Group: 1948-87
6.15C Net Interest by Industry Group: 1987-97
6.16A Corporate Profits by Industry Group: 1929-47
6.16B Corporate Profits by Industry Group: Annually and Quarterly, 1948-87
6.16C Corporate Profits by Industry Group: Annually and Quarterly, 1987-97
6.17A Corporate Profits Before Tax by Industry: 1929-48
6.17B Corporate Profits Before Tax by Industry: 1948-87
6.17C Corporate Profits Before Tax by Industry: 1987-97
6.18A Federal, State, and Local Corporate Profits Tax Liability by Industry: 1929-47
6.18B Federal, State, and Local Corporate Profits Tax Liability by Industry: 1948-87
6.18C Federal, State, and Local Corporate Profits Tax Liability by Industry: 1987-97
6.19A Corporate Profits After Tax by Industry: 1929-47
6.19B Corporate Profits After Tax by Industry: 1948-87
6.19C Corporate Profits After Tax by Industry: 1987-97
6.20A Net Corporate Dividend Payments by Industry: 1929-47
6.20B Net Corporate Dividend Payments by Industry: 1948-87
6.20C Net Corporate Dividend Payments by Industry: 1987-97
6.21 A Undistributed Corporate Profits by Industry: 1929-47
6.2IB Undistributed Corporate Profits by Industry: 1948-87
6.21C Undistributed Corporate Profits by Industry: 1987-97
6.22A Corporate Capital Consumption Allowances by Industry: 1929-47
6.22B Corporate Capital Consumption Allowances by Industry: 1948-87
6.22C Corporate Capital Consumption Allowances by Industry: 1987-97

60
61
62
62
63
64
64
71
73
75
78
79
81
84
85
87
90
91
93
96
97
99
102
103
105
108

7. Quantity and Price Indexes
7.1 Quantity and Price Indexes for Gross Domestic Product: Annually, 1929-97,
and Quarterly, 1947-97
7.2 Quantity and Price Indexes for Gross Domestic Product, Final Sales, and
Purchases: Annually, 1929-97, and Quarterly, 1947-97
7.3 Quantity and Price Indexes for Gross National Product and Command-Basis
Gross National Product: Annually, 1929-97, and Quarterly, 1947-97
7.4 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures
by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97
7.5 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures
by Type of Product: 1929-97
7.6 Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type:
Annually and Quarterly, 1947-97
7.7 Chain-Type Quantity and Price Indexes for Private Fixed Investment in Structures
by Type: 1929-97
7.8 Chain-Type Quantity and Price Indexes for Private Fixed Investment in Equipment
and Software by Type: 1929-97




Volume 2

109
141
149
153
169
181
197
201

7.9 Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and
Services and for Receipts and Payments of Income: Annually, 1929-97,
and Quarterly, 1947-97
7.10 Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and
Services by Type of Product: Annually and Quarterly, 1967-97
7.11 Chain-Type Quantity and Price Indexes for Government Consumption Expenditures
and Gross Investment by Type: Annually, 1929-97, and Quarterly, 1947-97
7.12 Chain-Type Quantity and Price Indexes for National Defense Consumption
Expenditures and Gross Investment by Type: 1972-97
7.13 Chain-Type Quantity and Price Indexes for Gross Government Fixed
Investment by Type: 1929-97
7.14 Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector:
Annually, 1929-97, and Quarterly, 1947-97
7.15 Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial
Corporate Business: Annually, 1929-97, and Quarterly, 1947-97
7.16 Implicit Price Deflators for Private Inventories by Industry Group: Quarterly, 1947-97...
7.17 Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product:
Annually, 1929-97, and Quarterly, 1947-97
7.18A Chain-Type Quantity Indexes for Auto Output: Annually and Quarterly, 1947-66
7.18B Chain-Type Quantity Indexes for Motor Vehicle Output: Annually
and Quarterly, 1967-97
7.19 Chain-Type Quantity Indexes for Gross and Net Investment by Major Type: 1929-97
7.20 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures
by Type of Expenditure: 1929-97
8. Supplemental Tables
8.1 Percent Change from Preceding Period in Selected Series: Annually, 1930-97,
and Quarterly, 1947-97
8.2 Contributions to Percent Change in Real Gross Domestic Product: Annually,
1930-97, and Quarterly, 1947-97
8.3 Contributions to Percent Change in Real Personal Consumption Expenditures
by Major Type of Product: Annually, 1930-97, and Quarterly, 1947-97
8.4 Contributions to Percent Change in Real Private Fixed Investment by Type:
Annually, 1948-97, and Quarterly, 1947-97
8.5 Contributions to Percent Change in Real Exports and in Real Imports of Goods
and Services by Type of Product: Annually, 1968-97, and Quarterly, 1967-97
8.6 Contributions to Percent Change in Real Government Consumption Expenditures
and Gross Investment by Type: Annually, 1930-97, and Quarterly, 1947-97
8J Selected Per Capita Product and Income Series in Current and Chained Dollars:
Annually, 1929-97, and Quarterly, 1946-97
8.8A Auto Output: Annually and Quarterly, 1947-66
8.8B Motor Vehicle Output: Annually and Quarterly, 1967-97
8.9B Real Motor Vehicle Output: Annually and Quarterly, 1987-97
8.10 Farm Sector Output, Gross Product, and National Income: 1929-97
8.11 Real Farm Sector Output, Real Gross Product, and Real Net Product: 1987-97
8.12 Housing Sector Output, Gross Product, and National Income: 1929-97
8.13 Real Housing Sector Output, Real Gross Product, and Real Net Product: 1987-97




Volume 2

205
213
233
250
252
260
268
272
276
280
282
287
289

304
336
352
360
365
369
377
381
383
388
390
391
392
393
xi

8.14 Consumption of Fixed Capital by Legal Form of Organization: 1929-97
394
8.15 Capital Consumption Adjustment by Legal Form of Organization and Type
of Adjustment: 1929-97
396
8.16 Business Transfer Payments by Type: 1929-97
398
8.17 Supplements to Wages and Salaries by Type: 1948-97
399
8.18 Rental Income of Persons by Type: 1946-97
401
8.19 Dividends Paid and Received by Sector: 1946-97
402
8.20 Interest Paid and Received by Sector and Legal Form of Organization: 1946-97
403
8.21 Imputations in the National Income and Product Accounts: 1929-97
406
8.22 Relation of Consumption of Fixed Capital in the National Income and Product
Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal
Revenue Service (IRS): 1929-97
418
8.23 Relation of Nonfarm Proprietors' Income in the National Income and Product
Accounts (NIPA's) to Corresponding Measures as Published by the Internal
Revenue Service (IRS): 1959-97
420
8.24 Relation of Net Farm Income in the National Income and Product Accounts
(NIPA's) to Net Farm Income as Published by the U.S. Department of Agriculture
(USDA): 1967-97
420
8.25 Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product
Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue
Service (IRS): 1929-97
421
8.26 Relation of Monetary Interest Paid and Received in the National Income and Product
Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue
Service (IRS): 1946-97
425
8.27 Relation of Wages and Salaries in the National Income and Product Accounts (NIPA's) to
Wages and Salaries as Published by the Bureau of Labor Statistics (BLS): 1982-97
426
8.28 Comparison of Personal Income in the National Income and Product Accounts (NIPA's) with
Adjusted Gross Income as Published by the Internal Revenue Service (IRS): 1947-97
427
8.29 Capital Transfers (Net): 1929-97
428

9. Seasonally Unadjusted Estimates
9.1 Gross Domestic Product, Not Seasonally Adjusted: Quarterly, 1946-97
9.2 Personal Consumption Expenditures by Major Type of Product,
Not Seasonally Adjusted: Quarterly, 1946-97
9.3 Federal Government Current Receipts and Expenditures,
Not Seasonally Adjusted: Quarterly, 1946-97
9.4 State and Local Government Current Receipts and Expenditures,
Not Seasonally Adjusted: Quarterly, 1946-97
9.5 Foreign Transactions in the National Income and Product Accounts,
Not Seasonally Adjusted: Quarterly, 1946-97
9.6 Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted:
Quarterly, 1946-97

Index to the NIPA Tables

xii




429
433
437
441
445
448

451

Volume 2

National Income and Product Accounts
of the
United States, 1929-97

I

N this two-volume publication, the Bureau
of Economic Analysis presents revised estimates of the national income and product
accounts (NIPA's) for 1929-97 that reflect the
most recent comprehensive revision of the NIPA's
and the 2000 annual NIPA revision.1 Estimates
for 1998 forward that reflect the 2001 annual revision released in July 2001 are available in the
SURVEY OF CURRENT BUSINESS and on BEA's Web
site.2
The 1999 comprehensive revision was the 11th
of its kind since the Department of Commerce
first published national income statistics in 1934.
Comprehensive revisions differ from annual
NIPA revisions because of the scope of the
changes and because of the number of years subject to revision. Comprehensive revisions incorporate three major types of improvements: (1)
Definitional and classificational changes that update the accounts to more accurately portray the
evolving U.S. economy, (2) statistical changes
that update the accounts to reflect the introduction of new and improved methodologies and the
incorporation of newly available and revised
source data, and (3) presentational changes that
update the NIPA tables to reflect the definitional,
classificational, and statistical changes and to
make the tables more informative.
The first section of this publication presents
background information and a brief history of
the NIPA's. The second section describes the definitions and classifications underlying the NIPA's.
The third section discusses the presentation of
1. For specific information about NIPA comprehensive and
annual revisions, see the SURVEY OF CURRENT BUSINESS articles in the

box on page M-4. The results of the comprehensive revision,
including revised estimates of fixed assets and consumer durable
goods, were published in the SURVEY and on BEA's Web site
<www.bea.doc.gov> from October 1999 to April 2000, and the
results of the 2000 annual revision were released in July 2000.
2. These estimates incorporate the statistical, methodological, and
presentational improvements that were introduced in this revision;
see "Annual Revision of the National Income and Product
Accounts," SURVEY 81 (August 2001): 7-32.




the NIPA's, and the fourth section discusses the
statistical conventions used for the NIPA estimates. An appendix lists the principal source data
and methods used to prepare the estimates of
gross domestic product (GDP). The remainder of
the publication presents 147 NIPA tables.3
History of the NIPA's

The estimation of national income was initiated
during the early 1930's, when the lack of comprehensive economic data frustrated efforts of Presidents Hoover and Roosevelt to design policies to
combat the Great Depression. In response to this
need, the Department of Commerce commissioned Simon Kuznets of the National Bureau of
Economic Research (NBER) to develop estimates
of national income. Professor Kuznets headed a
small group within the Bureau of Foreign and
Domestic Commerce's Division of Economic Research. Professor Kuznets coordinated the work
of researchers at the NBER in New York and his
staff at Commerce. The estimates were presented
in a report to the Senate in 1934, National Income, 1929-32.
The entry of the United States into World War
II led to increased demand for data that could be
used for wartime planning. Early in 1942, annual
estimates of gross national product (GNP) were
introduced to complement the estimates of national income. In addition, estimates were developed for how income was generated, received,
and spent by the various sectors of the economy.
The U.S. national income and product statistics were first presented as part of a complete and
consistent accounting system in the July 1947
supplement to the SURVEY OF CURRENT BUSINESS.
The supplement contained 48 tables covering the
3. The full set of NIPA tables now consists of 148 tables, reflecting
the addition of table 8.30, "Contributions to Percent Change in the
Gross Domestic Purchases Price Index," in the 2001 annual revision.
See the section "Publication of the NIPA tables "

M-l

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

years 1929-46. All estimates were presented in
current dollars; no adjustments were yet made
for changes in purchasing power. Quarterly estimates were available for only a few of the aggregates (national income, GNP, and personal income, and their major components). Monthly
estimates were presented for personal income
and its major components.
In 1951, annual estimates of real GNP and of
implicit price deflators were introduced as supplementary tables. Real GNP was calculated by
holding fixed the prices of a particular base
year—that is, GNP was calculated in "constant
dollars." In 1954, these inflation-adjusted estimates were formally integrated into the standard
NIPA tables.
Another revision, published in 1958, introduced changes in the accounting system and
added new information to the accounts. The five
summary accounts were adopted as a concise,
general presentation of output, income, outlays,
foreign transactions, saving, and investment.
Quarterly estimates of real GNP were introduced.
Government sector tables provided a new breakdown of expenditures by type and function for
the Federal Government and for State and local
governments. The foreign transactions tables
were expanded in detail and integrated with the
balance of payments accounts. Regional estimates were introduced, as were estimates of the
net stock of fixed assets in manufacturing.
In the 1965 comprehensive revision, for the
first time, the components of GNP were benchmarked to the detailed estimates contained in the
1958 input-output table, which provided a better
understanding of the structural relationships
within the economy.
During the 1960's and 1970's, the estimates of
capital stock were expanded to cover all business
and government-owned fixed assets and consumer durable goods. In 1976, in order to provide a more consistent valuation, the estimates of
consumption of fixed capital (CFC) were shifted
to a current-cost basis from a book-value basis
valued at historical cost, which had reflected a
mixture of prices for the various years in which
the assets were acquired.
In 1985, BEA introduced quality-adjusted
price indexes for computers and peripheral
M-2



equipment that were developed with the assistance and advice of the IBM Corporation. The
indexes, which were based on a statistical technique known as "hedonic" regression, adjusted
for the rapid improvements in speed and capacity
of computer equipment. These hedonic price indexes provide improved measures of price change
for computers and peripheral equipment during
periods when quality characteristics change rapidly and when prices decline as new products are
introduced.
In 1991, BEA changed its featured measure of
U.S. production from GNP to GDP. GDP covers
the goods and services produced by labor and
property located in the United States, and thus, it
is consistent with key economic indicators of employment, productivity, and industry output.
The change also facilitated comparisons of economic activity in the United States with that in
other countries.
In 1996, BEA introduced several major improvements to the NIPA's. BEA began estimating
the changes in real GDP and its components by
chaining together year-by-year quantity changes
that were calculated using the Fisher index formula, rather than estimating real GDP on the basis of prices of a single, arbitrary base year.4 Government expenditures for equipment and
structures were recognized as fixed investment,
thereby providing a more complete measure of
investment through the consistent treatment of
fixed assets whether purchased by the public or
the private sector. The method for calculating
CFC was changed to reflect the results of studies
on the prices of used equipment and structures in
resale markets that found that depreciation generally tends to follow a geometric pattern.
The most recent comprehensive revision of the
NIPA's, which was released beginning in 1999,
further improved the definitions underlying the
accounts and the statistical underpinnings of the
current-dollar estimates, quantities, and prices in
the accounts. For example, business and government expenditures for software were recognized
as fixed investment. Government employee re4. The chain-type measures of real output and prices eliminate the
overstatement of real GDP growth for periods after the reference
year and the understatement of real GDP growth for periods before
the reference year.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

tirement plans were reclassified so that they
would be treated similarly to private pension
plans. A new method was introduced for calculating the real value of unpriced bank services by
incorporating measures of banking activity. The
consumer price indexes that were used for deflating personal consumption expenditures (PCE)
were revised back to 1978 to reflect the use of a
geometric-mean formula.
The improvements introduced over the years
have reflected not only BEA's own experience, research, and strategic planning but also the reviews and recommendations of scholars and
other experts.
In the 1950's, there were two major reviews of
the accounts. The first was prepared by the
NBER.5 The second resulted from a symposium
on the accounts held by the Conference on Research in Income and Wealth.6 Both of these reviews dealt with emerging issues of the time,
many of which related to expanding the complexity and scope of the accounts to more accurately portray the U.S. economy. They also dealt
with conceptual issues, such as the treatment of
capital gains and the coverage of nonmarket production and consumption, and they discussed
the need for better integration of the income and
product accounts, flow of funds, and other aspects of the existing accounts.
In 1971, on the occasion of the 50th anniversary of the SURVEY, BEA published a special volume containing 43 papers contributed by some
of the country's most prominent economists.7
BEA catalogued and prioritized the suggestions
from these papers, and BEA's Director at that
time, George Jaszi, responded to them.
In 1977, a report was prepared by the Advisory
Committee on Gross National Product Data Improvement (referred to as the Creamer Report af5. U.S. Congress, Joint Economic Committee, Subcommittee on
Economic Statistics, "The National Economic Accounts of the
United States: Review, Appraisal, and Recommendations," in The
National Economic Accounts of the United Statesy report by the
National Accounts Review Committee, National Bureau of Economic Research, 85th Congress (October 1957).
6. A Critique of the United States Income and Product Accounts,
Studies in Income and Wealth, vol. 22 (Princeton, NJ: Princeton
University Press, for the National Bureau of Economic Research,
1958).
7. "The Economic Accounts of the United States: Retrospect and
Prospect," SURVEY 51, Part II (July 1971).




ter its chair, Daniel Creamer).8 The report addressed concerns about the relatively large
revisions to the GNP estimates in the early 1970's
and focused on needed improvements in the
source data.
In 1979, the Conference on Research in Income and Wealth addressed several aspects of the
NIPA's role as a system of information about the
behavior of the economy.9 Topics included the
concepts and structure of the accounts, deflation
and the treatment of quality change in price indexes, and source data. The last topic included an
evaluation of major parts of the Creamer Report.
In 1982, the General Accounting Office published a report that reviewed quarterly GNP revisions in order to reevaluate the relative importance of the Creamer report's recommendations
and to reassess the reliability of the GNP estimates.10 The report focused more on statistical
than on conceptual issues and suggested that priorities be placed on those recommendations that
would most reduce GNP revisions. In addition,
as the title indicates, it urged BEA to take a more
proactive role in obtaining the source data
needed to improve the accounts.
In 1995, BEA began a comprehensive review of
its national, international, and regional economic
accounts. Outside perspective was obtained by
comments and discussions of a strategic plan that
BEA presented in the SURVEY and at a conference
of users.11
In 2000, BEA established an advisory committee that meets about twice a year to discuss issues
and possible improvements to the accounts. The
papers that are presented to the advisory committee are available on BEA's Web site at
<www.bea.doc.gov>.
8. Office of Federal Statistical Policy and Standards, Gross National
Product Data Improvement Project Report, report of the Advisory
Committee on Gross National Product Data Improvement (Washington, DC: U.S. Department of Commerce, 1977).
9. Murray F. Foss, ed., The U.S. National Income and Product
Accounts: Selected Topics, Studies in Income and Wealth, vol. 47
(Chicago: University of Chicago Press, for the National Bureau of
Economic Research, 1983).
10. Comptroller General, The Bureau of Economic Analysis Should
Lead Efforts to Improve GNP Estimates (Washington, DC: General
Accounting Office, 1982).
11. "Mid-Decade Strategic Review of BEA's Economic Accounts:
Maintaining and Improving Their Performance," SURVEY 75 (February 1995): 36-66, and "Mid-Decade Strategic Review of BEA's Economic Accounts: An Update," SURVEY 75 (April 1995): 48-56.

M-3

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Additional Information About the National Accounts
The Bureau of Economic Analysis (BEA) has pub- income, which are the basis for the State estimates, is
lished a wealth of information about the methodolo- in State Personal Income, 1929-97(1999).
gies that are used to prepare its national accounts.
"BEA's Chain Indexes, Time Series, and Measures
This information is available on the Web site at of Long-Term Economic Growth" (May 1997) is the
<www.bea.doc.gov>.
most recent in a series of articles that describe the
The national accounts encompass the detailed conceptual basis for the chain-type measures of real
estimates in the national income and product output and prices that are used in the NIPA's.
accounts (including gross domestic product), the
"Reliability of the Quarterly and Annual Estimates
estimates of wealth and related estimates, gross prod- of GDP and Gross Domestic Income" (December
uct by industry, and the input-output accounts.
1998) evaluates these estimates by examining the
National income and product accounts (NIPA's). record of revisions to them.
This series of papers documents the conceptual
The NIPA's also incorporate information on
framework of the NIPA's and the methodologies that transactions with foreign residents from BEA's interhave been used to prepare the estimates.
national transactions accounts (ITA's). The methodAn Introduction to National Economic Accounting ologies used to prepare the estimates in these
accounts are described in The Balance of Payments
(1985) [also in the March 1985 SURVEY]
Corporate Profits: Profits Before Tax, Profits Tax Li- of the United States: Concepts, Data Sources, and Estiability, and Dividends (1985) [A revised version mating Procedures (1990). These methodologies have
been updated and improved as part of the annual
is forthcoming.]
revisions of the ITA's; the latest article—"U.S. InForeign Transactions (1987)
GNP: An Overview of Source Data and Estimating ternational Transactions: Revised Estimates for
Methods (1987) [Most of the information in this 1989-2000"—was published in the July 2001 SURVEY.
paper has been superseded by this publication.]
Wealth and related estimates. Fixed Reproducible
Government Transactions (1988)
Tangible Wealth in the United States, 1925-94 (1999)
Personal Consumption Expenditures (1990)
discusses the concepts and statistical considerations
These methodologies have been updated and im- that underlie the estimates and their derivation.
proved, typically as part of the comprehensive and
For the most recent estimates, see "Fixed Assets
annual revisions of the NIPA's. The most recent revi- and Consumer Durable Goods for 1925-2000" (Sepsions are described in the following articles from the tember 2001).
SURVEY OF CURRENT BUSINESS.
Gross product by industry. "Improved Estimates
"A Preview of the 1999 Comprehensive Revision of Gross Product by Industry for 1947-98" (June
of the National Income and Product Accounts"
2000) describes the most recent comprehensive reviDefinitional and Classificational Changes
sion of these estimates.
(August 1999)
"Gross Domestic Product by Industry for
New and Redesigned Tables (September 1999) 1997-99" (December 2000) describes the most
Statistical Changes (October 1999)
recent annual revision of the these estimates.
"Improved Estimates of the National Income and
Input-output accounts. "Benchmark Input-OutProduct Accounts: Results of the Comprehen- put Accounts for the U.S. Economy, 1992" (Novemsive Revision"
ber 1997) describes the preparation of the 1992
For 1959-98 (December 1999)
accounts and the concepts and methods that underlie
For 1929-99 (April 2000)
the accounts.
"Annual Revision of the U.S. National Income and
"Annual Input-Output Accounts of the U.S. EconProduct Accounts" (August 2000 and 2001)
omy" updates the 1992 benchmark accounts
Information about the sources and methods that
For 1996 (January 2000)
are used to prepare the national estimates of personal
For 1997 (January 2001)

M-4



Definitions and Classifications Underlying the NIPA's
NIPA Entries
The major components of the NIPA's are presented
and defined below within the context of the five Summary National Income and Product Accounts (see table A on pages M-6 and M-7). The five summary
accounts show the composition of production and the
distribution of the incomes earned in production. The
first account is the National Income and Product Account: The right side shows GDP as measured by the
sum of goods and services produced in the United
States and sold to final users, and the left side shows
GDP as measured by the incomes earned in production—gross domestic income (GDI)—plus the "statistical discrepancy" between the two measures.12 Each of
the components in this summary account can be
mapped to one of the other summary accounts and
can, in turn, be mapped to one or more of the 148 tables that now make up the full set of NIPA tables. This
system of integrated, double-entry accounts provides a
comprehensive and unduplicated measure of economic activity within a consistently defined framework.13 Thus, the NIPA's, in combination with BEA's
industry, wealth, and regional accounts, can be used to
trace the principal economic flows among the major
sectors of the economy.
Within the summary accounts, each entry has a
counterentry, generally in another account. The parenthetical numbers that follow an entry in table A identify the counterentry by account and line number.
With the exception of major income and product aggregates, entries are usually defined in the sequence in
which they appear in the five-account summary. The
definition is not repeated where the counterentry appears, but a cross-reference is made to the place of its
first appearance. After the five-account-summary discussion, definitions for the following items are presented: Final sales of domestic product, gross domestic
purchases, final sales to domestic purchasers, fixed as12. In theory, GDP should equal GDI, but in practice, they differ because
their components are estimated using largely independent and less-thanperfect source data; this difference is the "statistical discrepancy."
13. For more information on the concepts underlying the accounts, see
Allan H. Young and Helen Stone Tice, An Introduction to National Economic
Accounting, Methodology Paper No. 1 (Washington, DC: U.S. Government
Printing Office, 1985); go to <www.bea.doc.gov>, and look under Methodologies.




sets, produced assets, nonproduced assets, population,
personal saving as a percentage of disposable personal
income, gross saving as a percentage of gross national
product, U.S. residents, foreign residents, and the rest
of the world.
Major aggregates

Gross domestic product (GDP), the featured measure of
U.S. output, is the market value of the goods and services produced by labor and property located in the

United States}* Because the labor and property are located in the United States, the suppliers (that is, the
workers and, for property, the owners) may be either
U.S. residents or residents of the rest of the world.
Gross domestic income (GDI) (1-34) measures output as the costs incurred and the incomes earned in the
production of GDP.15 As noted above, in theory, GDP
should equal GDI, but in practice, they differ because
their components are estimated using largely independent and less-than-perfect source data. This difference
is termed the "statistical discrepancy" (described below).
Gross national product (GNP) is the market value of
the goods and services produced by labor and property
supplied by U.S. residents. Because the labor and property are supplied by U.S. residents (see the definition
on page M-14), they may be located either in the
United States or abroad. The difference between GDP
and GNP is net receipts of income from the rest of the
world. These net receipts represent income from the
goods and services produced abroad using labor and
property supplied by U.S. residents less payments to
the rest of the world for the goods and services produced in the United States using labor and property
supplied by foreign residents. The income receipts and
payments are measured as compensation of employees, corporate profits (earnings of both incorporated
14. In the NIPA's, the United States consists of the 50 States (before 1960,
Alaska and Hawaii were not included), the District of Columbia, and U.S.
military installations, embassies, and consulates abroad.
15. Capital gains and losses are not included in NIPA measures, because
they result from the revaluation and sale of existing assets rather than from
current production.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

M-5

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table A.—Summary National Income and Product Accounts, 1997
[Billions of dollars]
Account 1.—National Income and Product Account

Line

Line
Compensation of employees

Wage and salary accruals
Disbursements (2-7)
Wage accruals less disbursements (3-8 and 5-5)
Supplements to wages and salaries
Employer contributions for social insurance (3-16)
Other labor income (2-8)

4,651.3
3,886.0
3,888.9
-2.9
765.3
289.9
475.4

Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)

9

581.2

Rental income of persons with capital consumption adjustment (2-10)

128.3

10 Corporate profits with inventory valuation and capital consumption
11
12
13
14
15
16
17
18

833.8
800.8
792.4
237.2
555.2
335.2
220.0
8.4

adjustments
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability (3-13)
Profits after tax
Dividends (2-12)
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

32.9

19

Net interest (2-15)

20

National income

21
22
23
24
25

Business transfer payments
To persons (2-19)
To the rest of the world (4-8)
Indirect business tax and nontax liability (3-14)
Less: Subsidies less current surplus of government enterprises (3-7)

26
27
28
29
30

Consumption of fixed capital (5-7)
Private (5-8)
Government (5-9)
General government (5-10)
Government enterprises (5-11)

31

Gross national income

32

Less: Income receipts from the rest of the world (4-2)

33

Plus: Income payments to the rest of the world (4-4)

34

Gross domestic income

35

Statistical discrepancy (5-13)

36
37
38
39

Personal consumption expenditures (2-3)
Durable goods
Nondurable goods
Services

5,529.3
642.5

40
41
42
43
44
45
46

Gross private domestic investment (5-1),
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1,390.5

47
48
49

Net exports of goods and services
Exports (4-1)
Imports (4-3)

966.4
1,055.8

50

Government consumption expenditures and gross investment (3-1
and 5-2)
Federal
National defense
Nondefense
State and local

1,487.9
538.2
352.6
185.6
949.7

GROSS DOMESTIC PRODUCT

8,318.4

51
52
53
54

1,641.6
3,245.2
1,327.7

999.4
255.8
743.6
328.2

62.9
-89.3

423.9
6,618.4
36.8
27.9
8.9
646.2
19.1
1,013.3
832.4

180.9
154.6
26.3

8,295.7
281.3
274.2
8,288.6
29.7

GROSS DOMESTIC PRODUCT

8,318.4

Account 2.—-Personal Income and Outlay Account
Line

Line
Personal tax and nontax payments (3-12)
Personal outlays
Personal consumption expenditures (1-36)
Interest paid by persons (2-17)
Personal transfer payments to the rest of the world (net) (4-6)

968.8

7

Wage and salary disbursements (1-3)

5,715.3
5,529.3
164.8
21.2

8

Other labor income (1-7)

475.4

9

Proprietors' income with inventory valuation and capital consumption
adjustments (1-8)

581.2

3,888.9

M-6



334.9
335.2
.3.

Personal interest income
Net interest (1-19)
Net interest paid by government (3-5)
Interest paid by persons (2-4)

864.0
423.9
275.3
164.8

Transfer payments to persons
From business (1-22)
From government (3-3)

962.2
27.9

21
6,937.0

128.3

Personal dividend income
Dividends (1-15)
Less: Dividends received by government (3-6)

18
19
20

PERSONAL TAXES, OUTLAYS, AND SAVING

Rental income of persons with capital consumption adjustment (1-9)

14
15
16
17

252.9

10
11
12
13

Personal saving (5-4)

Less: Personal contributions for social insurance (3-17)
PERSONAL INCOME

934.4
297.9
6,937.0

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table A.—Summary National Income and Product Accounts, 1997—Continued
[Billions of dollars]
Account 3.—Government Receipts and Expenditures Account

Line

Line
1,223.3

Transfer payments
To persons (2-20)
To the rest of the world (net) (4-7)

12

Personal tax and nontax payments (2-1)

968.8

945.0
934.4
10.6

Consumption expenditures (1-50)

13

Corporate profits tax liability (1-13)

237.2

14

Indirect business tax and nontax liability (1-24)

646.2

15
16
17

Contributions for social insurance
Employer (1-6)
Personal (2-21)

587.8
289.9
297.9

275.3

Net interest paid (2-16)

.3

Less: Dividends received by government (2-13)
Subsidies less current surplus of government enterprises (1-25)

10
11

19.1
0

Less: Wage accruals less disbursements (1-4)
Current surplus or deficit (-), national income and product accounts
(5-12)
Federal
State and local
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS

-22.3
-53.3
31.0
GOVERNMENT CURRENT RECEIPTS .

2,440.0

2,440.0

Account 4.—Foreign Transactions Account
Line

Line
Exports of goods and services (1-48)

966.4

Income receipts (1-32)

281.3

1,055.8

Imports of goods and services (1-49)

274.2

Income payments (1-33)

40.8
21.2

Transfer payments to the rest of the world (net)
From persons (net) (2-5)
From government (net) (3-4)
From business (1-23)

10.6

8.9

Net foreign investment (5-3)
RECEIPTS FROM THE REST OF THE WORLD

-123.1

PAYMENTS TO THE REST OF THE WORLD

1,247.7

1,247.7
Account 5—Gross Saving and Investment Account
Line

Line
Gross private domestic investment (1-40)
Gross government investment (1-50)
Net foreign investment (4-9)

Undistributed corporate profits with inventory valuation and capital
consumption adjustments

-123.1

10
11

261.3

Consumption of fixed capital (1-26)
Private (1-27)
Government (1-28)
General government (1-29)
Government enterprises (1-30)

12

1,013.3
832.4

180.9
154.6
26.3

Government current surplus or deficit (-), national income and
product accounts (3-9)

13
1,532.1

-2.9

Wage accruals less disbursements (private) (1-4)

264.6

7
8
9

GROSS INVESTMENT

252.9

Personal saving (2-6)

1,390.5

Statistical discrepancy (1-35)

-22.3
29.7

GROSS SAVING AND STATISTICAL DISCREPANCY

1,532.1

NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For
example, line 7 of account 1 is shown as "other labor income (2-8)"; the counterentry is shown
in account 2, line 8.

and unincorporated affiliates), and interest.
Gross national income (GNI) (1-31) is the costs incurred and the incomes earned in the production of
GNP. GNI is the sum of (1) factor incomes—compensation of employees, proprietors' income with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj), rental income of persons
with CCAdj, corporate profits with IVA and CCAdj,



and net interest; (2) three nonfactor charges—business
transfer payments, indirect business tax and nontax liability, and the current surplus of government enterprises less government subsidy payments; and (3) consumption of fixed capital (CFC). GNI and GNP also
differ by the statistical discrepancy.
Net domestic product (NDP) is the net market value
of the goods and services attributable to labor and
M-7

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

property located in the United States and is equal to
GDP less CFC. NDP may be viewed as an estimate of
sustainable product, which is a rough measure of the
level of consumption that can be maintained while
leaving capital assets intact.
Net national product (NNP) is the net market value
of goods and services attributable to the labor and
property supplied by U.S. residents and is equal to
GNP less CFC. The measure of CFC used for both
NDP and NNP relates only to fixed capital located in
the United States. The investment in capital is measured by private fixed investment and government
gross investment.
National income (1-20) is the sum of the factor incomes. It is a net factor-cost measure (net of CFC)
equal to the income that originates in the production
of goods and services from labor and property supplied by U.S. residents.
Domestic income, also a net factor-cost measure, is
the income that originates in the production of goods
and services attributable to labor and property located
in the United States.
Personal income is the income received by persons
from all sources—that is, from participation in production, from both government and business transfer
payments, and from government interest (which is
treated like a transfer payment). "Persons" consists of
individuals, nonprofit institutions that primarily serve
individuals, private noninsured welfare funds, and private trust funds. Personal income is calculated as the
sum of wage and salary disbursements, other labor income, proprietors' income with IVA and CCAdj, rental
income of persons with CCAdj, personal dividend income, personal interest income, and transfer payments
to persons, less personal contributions for social insurance.
Disposable personal income is personal income less
personal tax and nontax payments. It is the income
available to persons for spending or saving.

goods and services purchased by U.S. residents. PCE
consists mainly of purchases of new goods and of services by individuals from private business. In addition,
PCE includes purchases of new goods and of services
by nonprofit institutions (including compensation of
employees), net purchases of used goods by individuals
and nonprofit institutions, and purchases abroad of
goods and services by U.S. residents. PCE also includes
purchases of certain goods and services provided by
general government and government enterprises, such
as tuition payments for higher education, charges for
medical care, and charges for water and other sanitary
services. Finally, PCE includes imputed purchases that
keep PCE invariant to changes in the way that certain
activities are carried out—for example, whether housing is rented or owned, whether financial services are
explicitly charged, or whether employees are paid in
cash or in kind.
The following conventions are used to classify each
PCE commodity: Durable goods (1-37) are tangible
commodities that can be stored or inventoried and
that have an average life of at least 3 years; nondurable
goods (1-38) are all other tangible commodities that
can be stored or inventoried; and services (1-39) are
commodities that cannot be stored and that are consumed at the place and time of purchase.
Gross private domestic investment (1-40) consists of
fixed investment (1-41) and change in private inventories (1-46). Fixed investment consists of both nonresidential (1-42) fixed investment and residential (1-45)
fixed investment. It is measured without a deduction
for CFC and includes replacements and additions to
the capital stock. It covers all investment in fixed assets
by private businesses and by nonprofit institutions in
the United States, regardless of whether the fixed asset
is owned by U.S. residents. (Purchases of the same
types of equipment, software, and structures by government agencies are included in government gross investment.) It excludes investment by U.S. residents in
other countries. Nonresidential fixed investment conNational income and product account
sists of both structures (1-43) and equipment and softGDP is measured as the sum of personal consumption ware (1-44).
expenditures, gross private domestic investment (inNonresidential structures consists of new construccluding change in private inventories and before de- tion (including own-account production), improveduction of charges for CFC), net exports of goods and ments to existing structures, expenditures on new
services (exports less imports), and government con- nonresidential mobile structures, brokers' commissumption expenditures and gross investment. GDP ex- sions on sales of structures, and net purchases of used
cludes intermediate purchases of goods and services by structures by private business and by nonprofit institubusiness.
tions from government agencies.16 New construction
Personal consumption expenditures (PCE) (1-36) is includes hotels and motels and mining exploration,

M-8




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

shafts, and wells. Nonresidential structures also includes equipment considered to be an integral part of a
structure, such as plumbing, heating, and electrical
systems.
Equipment and software consists of purchases by
private business and by nonprofit institutions on capital account of new machinery, equipment, furniture,
vehicles, and computer software; dealers' margins on
sales of used equipment to business and to nonprofit
institutions; and net purchases of used equipment
from government agencies, from persons, and from
the rest of the world. Own-account production of
computer software is also included. For equipment
that is purchased for both business and personal use
(for example, motor vehicles), the personal-use portion is included in PCE.
Residential fixed investment consists of all private
residential structures and of residential equipment that
is owned by landlords and rented to tenants. Residential structures consists of new construction of permanent-site single-family and multifamily units, improvements (additions, alterations, and major
structural replacements) to housing units, expenditures on manufactured homes, brokers' commissions
on the sale of residential property, and net purchases of
used structures from government agencies. Residential
structures includes some types of equipment that are
built into the structure, such as heating and air-conditioning equipment.
Change in private inventories (1-46) is the change in
the physical volume of inventories owned by private
business, valued in average prices of the period. It differs from the change in the book value of inventories
reported by most business; the difference is the inventory valuation adjustment (described below).
Net exports of goods and services (1-47) is exports
(1-48) less imports (1-49) of goods and services. Income receipts and payments and transfer payments to
the rest of the world (net) are excluded.
Government consumption expenditures and gross
investment (1-50), the measure of government-sector
final demand, consists of two major components:
Current consumption expenditures by general government, and gross investment by both general government and government enterprises. Consumption expenditures consists of compensation of general
government employees (except own-account invest16. Own-account production refers to an asset produced by a business or
government for its own use.




ment17), consumption of general government fixed
capital, and net current purchases from business and
from the rest of the world. Consumption expenditures
also includes changes in inventories and net purchases
of used goods. Current receipts for certain goods and
services provided by general government agencies—
primarily tuition payments for higher education and
charges for medical care—are defined as government
sales, which are treated as deductions from government consumption expenditures. Gross investment
consists of purchases of new structures and of equipment and software by both general government and
government enterprises, net purchases of used structures and equipment, and own-account production of
structures and of software. Government consumption
expenditures and gross investment does not include
current transactions of government enterprises, transfer payments, interest paid or received by government,
subsidies, or transactions in financial assets and nonproduced assets such as land.
Compensation of employees (1-1) is the income accruing to employees as remuneration for their work. It
is the sum of wage and salary accruals and of supplements to wages and salaries.
Wage and salary accruals (1-2) consists of the monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and
bonuses; voluntary employee contributions to certain
deferred compensation plans, such as 401(k) plans;
employee gains from exercising nonqualified stock options; and receipts in kind that represent income. Wage
and salary accruals consists of disbursements (1-3) and
wage accruals less disbursements (1-4). Disbursements
is wages and salaries as just defined except that retroactive wage payments are recorded when paid rather
than when earned. Accruals less disbursements is the
difference between wages earned, or accrued, and
wages paid, or disbursed. In the NIPA's, wages accrued
is the measure used for national income, and wages
disbursed is the measure used for personal income.
Supplements to wages and salaries (1-5) consists of
employer contributions for social insurance and of
other labor income. Employer contributions for social
insurance (1-6) consists of employer payments under
the following Federal Government and State and local
government programs: Old-age, survivors, and disabil17. Expenditures for own-account production of structures and of software, including compensation of government employees and expenditures
for related goods and services, are classified as gross government investment.

M-9

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

ity insurance (social security); hospital insurance; unemployment insurance; railroad retirement; pension
benefit guaranty; veterans life insurance; publicly administered workers' compensation; military medical
insurance; and temporary disability insurance. Other
labor income (1-7) consists of employer payments (including payments in kind) to private pension and
profit-sharing plans, publicly administered government employee retirement plans, private group health
and life insurance plans, privately administered workers' compensation plans, supplemental unemployment
benefit plans, and several minor categories of employee compensation (including judicial fees to jurors
and witnesses, compensation of prison inmates, and
marriage fees to justices of the peace).
Proprietors' income with inventory valuation and
capital consumption adjustments (1-8) is the currentproduction income (including income in kind) of sole
proprietorships and partnerships and of tax-exempt
cooperatives. The imputed net rental income of
owner-occupants of farm dwellings is included; the
imputed net rental income of owner-occupants of
nonfarm dwellings is included in rental income of persons. Proprietors' income excludes dividends and
monetary interest received by nonfinancial business
and rental income received by persons not primarily
engaged in the real estate business; these incomes are
included in dividends, net interest, and rental income
of persons. (The inventory valuation and capital consumption adjustments are described below.)

sponsored credit agencies. With several differences,
this income is measured as receipts less expenses as defined in Federal tax law. Among these differences are
the following: Receipts exclude capital gains and dividends received, expenses exclude depletion and capital
losses and losses resulting from bad debts, inventory
withdrawals are valued at replacement cost, and depreciation is on a consistent accounting basis and is valued at replacement cost using depreciation profiles
based on empirical evidence on used-asset prices that
generally suggest a geometric pattern of price declines.
Because national income is defined as the income of
U.S. residents, its profits component includes income
earned abroad by U.S. corporations and excludes income earned in the United States by the rest of the
world.
Profits before tax (1-12) is the income of organizations treated as corporations in the NIPA's except that
it reflects the inventory-accounting and depreciationaccounting practices used for Federal income tax returns. It consists of profits tax liability, dividends, and
undistributed corporate profits.
Profits tax liability (1-13) is the sum of Federal,
State, and local government income taxes on all income subject to taxes; this income includes capital
gains and other income excluded from profits before
tax. The taxes are measured on an accrual basis, net of
applicable tax credits.
Profits after tax (1-14) is profits before tax less profits tax liability. It consists of dividends and undistribRental income of persons with capital consumption uted corporate profits. Dividends (1-15) is payments
adjustment (1-9) is the net current-production income in cash or other assets, excluding the corporations'
of persons (except those primarily engaged in the real own stock, that are made by corporations located in
estate business) from the rental of real property, the the United States and abroad to stockholders who are
imputed net rental income of owner-occupants of U.S. residents. The payments are measured net of divinonfarm dwellings, and the royalties received by per- dends received by U.S. corporations. Dividends paid to
sons from patents, copyrights, and rights to natural re- State and local governments are included. Undistribsources.
uted profits (1-16) is corporate profits after tax less divCorporate profits with inventory valuation and capi- idends.
tal consumption adjustments (1-10) is the net currentInventory valuation adjustment (IVA) (1-17) is the
production income of organizations treated as corpo- difference between the cost of inventory withdrawals
rations in the NIPA's. These organizations consist of all valued at acquisition cost and the cost of inventory
entities required to file Federal corporate tax returns, withdrawals valued at replacement cost. The IVA is
including mutual financial institutions and coopera- needed because inventories as reported by business are
tives subject to Federal income tax, private noninsured often charged to cost of sales (that is, withdrawn) at
pension funds,18 nonprofit institutions that primarily their acquisition (historical) cost rather than at their
serve business, Federal Reserve banks, and federally replacement cost (the concept underlying the NIPA's).
As prices change, businesses that value inventory with18. The corporate profits that are associated with private noninsured pendrawals at acquisition cost may realize profits or losses.
sion plans are recorded as zero, and the property income is recorded as
being received directly by persons in the corresponding components of perInventory profits, a capital-gains-like element in busisonal income.

M-10




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

ness income (corporate profits and nonfarm proprietors' income), result from an increase in inventory
prices, and inventory losses, a capital-loss-like element,
result from a decrease in inventory prices. In the
NIPA's, inventory profits or losses are shown as adjustments to business income; that is, they are shown as
the IVA with the sign reversed. No adjustment is
needed to farm proprietors' income because farm inventories are measured on a current-market-cost basis.
Net interest (1-19) is the interest paid by private
business less the interest received by private business,
plus the interest received from the rest of the world less
the interest paid to the rest of the world. Interest payments on mortgage and home improvement loans and
on home equity loans are included in interest paid by
business because home ownership is treated as a business in the NIPA's. Interest received by private noninsured pension plans is recorded as being directly received by persons in personal income (see below). In
addition to monetary interest, net interest includes imputed interest, which is paid by corporate financial
business. For regulated investment companies, imputed interest is measured as operating expenses. For
depository institutions and life insurance carriers, imputed interest is measured as the difference between
the property income received on depositors' or policyholders' funds and the amount of property income
paid out explicitly. The imputed interest paid by life insurance carriers attributes their investment income to
persons in the period it is earned. The imputed interest
payments by financial intermediaries (other than life
insurance carriers) to persons, governments, and to
the rest of the world have imputed service charges as
counterentries in GDP and in income payments to the
rest of the world; these charges are included in PCE, in
government consumption expenditures and gross investment, and in exports of goods and services, respectively.
Business transfer payments (1-21) consists of payments to persons (1-22) and to the rest of the world
(1-23) by private business for which no current services are performed. Business transfer payments to
persons consists primarily of liability payments for
personal injury and of corporate gifts to nonprofit institutions. Business transfer payments to the rest of the
world consists of nonresident taxes—that is, taxes paid
by domestic corporations to foreign governments.
Indirect business tax and nontax liability (1-24) consists of (1) tax liabilities that are chargeable to business
expense in the calculation of profit-type incomes and




(2) certain other business liabilities to general government agencies that are treated like taxes. Indirect business taxes includes taxes on sales, property, and production. Employer contributions for social insurance
are not included. Taxes on corporate incomes are also
not included; these taxes cannot be calculated until
profits are known, and in that sense, they are not a
business expense. Nontaxes includes regulatory and inspection fees, special assessments, fines and forfeitures,
rents and royalties, and donations. Nontaxes generally
excludes business purchases from general government
agencies of goods and services that are similar to those
provided by the private sector. Government current receipts from the sales of such products are netted
against government consumption expenditures.
Subsidies less current surplus of government

enter-

prises (1-25). Subsidies is the monetary grants paid by
government agencies to private business and to government enterprises at another level of government.
The current surplus of government enterprises is their
current operating revenue and subsidies received from
other levels of government less their current expenses.
In the calculation of their current surplus, no deduction is made for net interest paid. The current surplus
of government enterprises is not counted as a profittype income, and therefore, it is not counted as a factor
charge. Subsidies and current surplus are shown as a
combined entry because deficits incurred by some government enterprises may result from selling goods to
business at below-market prices in lieu of giving them
subsidies.
Consumption of fixed capital (CFC) (1-26) is the
charge for the using up of private and government
fixed capital located in the United States. It is defined
as the decline in the value of the stock of assets due to
wear and tear, obsolescence, accidental damage, and
aging. For most types of assets, estimates of CFC are
based on geometric depreciation patterns; empirical
studies on the prices of used equipment and structures
in resale markets have concluded that a geometric pattern of depreciation is appropriate for most types of
assets.19 For general government and for nonprofit institutions that primarily serve individuals, CFC is recorded in government consumption expenditures and
19. Several asset types use depreciation patterns that are not geometric.
For example, computers and peripheral equipment and private autos use
actual empirical depreciation profiles, and missiles and nuclear fuel rods
use a straight-line pattern. For more information on depreciation patterns,
see U.S. Bureau of Economic Analysis, Fixed Reproducible Tangible Wealth
in the United States, 1925-94 (Washington, DC: U.S. Government Printing
Office, August 1999).

M-ll

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Wage and salary disbursements (see 1-3).
Other labor income (see 1-7).
Proprietors' income with inventory valuation and
capital consumption adjustments (see 1-8).
Rental income of persons with capital consumption
adjustment (see 1-9).
Personal dividend income (2-11) is the dividend income of persons from all sources. It equals net dividends paid by corporations (see 1-15) less dividends
received by government (2-13), which consists of dividends received by State and local governments.
Income receipts from the rest of the world (1-32) conPersonal interest income (2-14) is the interest insists of receipts by U.S. residents of foreign interest and come (monetary and imputed) of persons from all
dividends, of reinvested earnings of foreign affiliates of sources. It equals net interest (see 1-19) plus net interU.S. corporations, and of compensation paid to U.S. est paid by government (2-16) plus interest paid by perresidents by foreigners.
sons (2-17). The last item consists of all interest paid
Income payments to the rest of the world (1-33) con- by individuals except mortgage interest, which is resists of payments to foreign residents of U.S. interest flected in rental income of persons.
and dividends, of reinvested earnings of U.S. affiliates
Transfer payments to persons (2-18) is income payof foreign corporations, and of compensation paid to ments to persons for which no current services are perforeigners by U.S. residents.
formed. It consists of business transfer payments to
Statistical discrepancy (1-35) is GDP less GDI or persons (see 1-22) and government transfer payments
GNP less GNI. It is recorded in the NIPA's as an "in- (2-20). Government transfer payments includes benecome" component that reconciles the income side with fits from the following social insurance funds: Old-age,
the product side of the accounts. As noted above, it survivors, and disability insurance (social security);
arises because the two sides are estimated using inde- hospital insurance; supplementary medical insurance;
pendent and imperfect data. In particular, much of the unemployment insurance; railroad retirement; pendata used for estimating GDP and GDI are based on sion benefit guaranty; veterans life insurance; workers'
samples rather than on complete enumerations, and compensation; military medical insurance; and temsome of the data are from tax return information that porary disability insurance. Government transfer paymust be adjusted for misreporting and to conform to ments also includes benefits from certain other proNIPA accounting concepts; the source data also vary in grams: Veterans benefits other than life insurance,
food stamps, black lung, supplemental security inthe timeliness and comprehensiveness of coverage.20
come, public assistance (including medical care and
Personal income and outlay account
family assistance), and educational assistance. GovernPersonal income is the sum of wage and salary dis- ment payments to nonprofit institutions excluding
bursements, other labor income, proprietors' income payments for work under research and development
with inventory valuation and capital consumption ad- contracts are also included.
justments, rental income of persons with capital conPersonal contributions for social insurance (2-21) insumption adjustment, personal dividend income, cludes payments by employees, self-employed, and
personal interest income, and transfer payments to other individuals who participate in the following govpersons, less personal contributions for social insur- ernment programs: Old-age, survivors, and disability
ance. Property income (interest, dividends, and rent) insurance (social security); hospital insurance; supplereceived by private noninsured pension plans and by mentary medical insurance; unemployment insurance;
government employee retirement plans are recorded as railroad retirement; veterans life insurance; and tembeing received directly by persons in the corresponding porary disability insurance.
components of personal income.
Personal tax and nontax payments (2-1) is tax payments (net of refunds) by U.S. residents that are not
20. For additional details on the statistical discrepancy, see Robert P.
chargeable to business expense and certain other perParker and Eugene P. Seskin, "Annual Revision of the National Income and
Product Accounts," SURVEY 77 (August 1997): 19.
sonal payments to government agencies (except gov-

in PCE, respectively, as a partial measure of the value
of the current services of the fixed assets owned and
used by these entities. Private capital consumption allowances consists of tax-return-based depreciation
charges for corporations and nonfarm proprietorships
and of historical-cost depreciation (calculated by BEA,
using a geometric pattern of price declines) for farm
proprietorships, rental income of persons, and nonprofit institutions. Private capital consumption adjustment is the difference between private capital consumption allowances and private CFC.

M-12




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

ernment enterprises) that are treated like taxes. Personal taxes includes taxes on income, including
realized net capital gains, and on personal property.
Nontaxes includes donations and fees, fines, and forfeitures. Personal contributions for social insurance is
not included. Taxes paid by U.S. residents to foreign
governments and taxes paid by foreigners to the U.S.
Government are both included in transfer payments to
the rest of the world (net).
Personal outlays (2-2) is the sum of personal consumption expenditures (see 1-36), interest paid by
persons (see 2-17), and personal transfer payments to
the rest of the world (net) (2-5). The last item is personal remittances in cash and in kind to the rest of the
world less such remittances from the rest of the world.
Personal saving (2-6) is personal income less the
sum of personal outlays and personal tax and nontax
payments. It is the current saving of individuals (including proprietors and partnerships), nonprofit institutions that primarily serve individuals, life insurance
carriers, private noninsured welfare funds, private
noninsured pension plans, publicly administered government employee retirement plans, and private trust
funds. Personal saving may also be viewed as the net
acquisition of financial assets (such as cash and deposits, securities, and the change in life insurance and
pension fund reserves), plus the net investment in produced assets (such as residential housing, less depreciation), less the net increase in financial liabilities (such
as mortgage debt, consumer credit, and security
credit), less net capital transfers received.
Government receipts and expenditures account
Personal tax and nontax payments (see 2-1).
Corporate profits tax liability (see 1-13).
Indirect business tax and nontax liability (see 1-24).
Contributions for social insurance (see 1 6 and 2-21).
—
Consumption expenditures (see 1-50).

Transfer payments (3-2) is transfer payments to persons (see 2-20) and transfer payments to the rest of the
world {net) (3-4). The latter consists of U.S. Government military and nonmilitary grants in cash and nonmilitary grants in kind to foreign governments and of
U.S. Government transfers, mainly retirement benefits,
to former residents of the United States.
Net interest paid (3-5) is interest paid by government to persons, to business, and to the rest of the
world (that is, to foreign businesses, governments, and
persons) less interest received by government from
persons, from business, and from the rest of the world.




Interest paid consists of monetary interest paid on
public debt and other financial obligations. Interest received consists of monetary and imputed interest received on loans and investments. (Interest received by
government employee retirement plans is recorded as
being received directly by persons in personal income.)
Dividends received by government (see 2-13).
Subsidies less current surplus of government enterprises (see 1-25).
Wage accruals less disbursements (see 1-4).
Current surplus or deficit (-), national income and

product accounts (3-9), a measure of government net
saving, is the sum of government current receipts
(lines 12, 13, 14, and 15 of account 3) less the sum of
government current expenditures (lines 1, 2, 5, 6, 7,
and 8 of account 3). It may also be viewed as the
net acquisition of financial assets by government and
government enterprises, plus the net investment in
fixed assets (such as roads and highways, less depreciation), plus the net government purchases of
nonproduced assets, less the net increase in financial
liabilities, less net capital transfers.
Foreign transactions account
Imports of goods and services (see 1-49).
Income payments to the rest of the world (see 1-33).
Transfer payments to the rest of the world (see 1-23,

2-5, and 3-4).
Net foreign investment (4-9) is U.S. exports of goods
and services and income receipts from the rest of the
world less U.S. imports of goods and services, income
payments to the rest of the world, and transfer payments to the rest of the world (net). It may also be
viewed as the acquisition of foreign assets by U.S. residents less the acquisition of U.S. assets by foreign residents. It includes the statistical discrepancy in the international transactions accounts.
Exports of goods and services (see 1-48).
Income receipts from the rest of the world (see 1-32).
Gross saving and investment account
Personal saving (see 2-6).
Wage accruals less disbursements (see 1-4).
Undistributed corporate profits with inventory valuation and capital consumption adjustments (see 1-16,

1-17, and 1-18).
Consumption of fixed capital (see 1-26).
Government current surplus or deficit (-),
income and product accounts (see 3-9).
Statistical discrepancy (see 1-35).

national

M-13

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

consumption adjustments, corporate and noncorporate consumption of fixed capital (CFC), and wage accruals less disbursements. Gross government saving
consists of government CFC plus current surplus or
Other definitions
deficit for the Federal Government and for State and
Final sales of domestic product is GDP minus change in local governments.
private inventories; equivalently, it is the sum of PCE,
U.S. residents are individuals, governments, business
private fixed investment, government consumption ex- enterprises, trusts, associations, nonprofit organizapenditures and gross investment, and net exports of tions, and similar institutions that have the center of
goods and services.
their economic interest in the United States and that
Gross domestic purchases is the market value of reside or expect to reside in the United States for 1 year
goods and services purchased by U.S. residents, regard- or more. (For example, business enterprises resident in
less of where those goods and services were produced. the United States include U.S. affiliates of foreign comIt is GDP minus net exports of goods and services; panies.) In addition, U.S. residents include all U.S. citiequivalently, it is the sum of PCE, gross private domes- zens who reside outside the United States for less than
tic investment, and government consumption expen- 1 year and U.S. citizens residing abroad for 1 year or
ditures and gross investment.
more who meet one of the following criteria: Owners
Final sales to domestic purchasers is gross domestic or employees of U.S. business enterprises who reside
abroad to further the enterprises' business and who inpurchases minus change in private inventories.
Fixed assets are produced assets that are themselves tend to return within a reasonable period; U.S. Govused repeatedly, or continuously, in processes of pro- ernment civilian and military employees and members
duction for an extended period of time. Fixed assets of their immediate families; and students who attend
consist of equipment, software, and structures (includ- foreign educational institutions.
ing, by convention, owner-occupied housing); conForeign residents are those residing and pursuing
sumer durable goods are not included.
economic interests outside the United States. They also
Produced assets are nonfinancial assets that have include international institutions located in the United
come into existence as outputs from a production pro- States, foreign nationals employed by their home govcess; they include fixed assets and private inventories.
ernments in the United States, and foreign affiliates of
Nonproduced assets are nonfinancial assets that are U.S. companies.
used for production but have not themselves been proThe rest of the world consists of foreign residents
duced; they include naturally occurring assets, such as who are transactors with U.S. residents.
land and mineral deposits.
Real Output and Related Measures
Population is the total population of the United
States, including the Armed Forces overseas and the in- The chain-type quantity and price indexes, in combistitutionalized population. The monthly estimate is the nation with the current-dollar estimates, provide users
average of Census Bureau survey estimates for the first with the basic data series from which all other analytiof the month and the first of the following month; the cal tables and presentations of the NIPA's are derived.
quarterly and annual estimates are the averages of the The chained (1996) dollar, or "real," estimates provide
measures to calculate the percent changes for GDP and
relevant monthly estimates.
Personal saving as a percentage of disposable personal its components that are consistent with those calcuincome (DPI), frequently referred to as "the personal lated from the chain-type quantity indexes. For most
saving rate," is calculated on a monthly, quarterly, and components of GDP, these estimates also provide
rough approximations of their relative importance and
annual basis as the ratio of personal saving to DPI.
Gross saving as a percentage of gross national product of their contributions to real GDP growth for the years
(GNP), sometimes referred to as "the national saving close to 1996. However, for components for which relrate," is calculated on a quarterly and annual basis as ative prices are changing rapidly, such as computers
the ratio of gross saving—the sum of gross private sav- and peripheral equipment, calculations of contribuing and gross government saving—to GNP. Gross pri- tions using chained-dollar estimates may be misleadvate saving consists of personal saving, undistributed ing, even very close to the reference year. For most
corporate profits with inventory valuation and capital analyses, the current-dollar, or "nominal," estimates
Gross private domestic investment (see 1-40).
Gross government investment (see 1-50).
Net foreign investment (see 4-9).

M-14




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

provide more appropriate measures of the relative importance of GDP components, and the contributions
tables (described below) present the appropriate measures of contributions to real growth.
Quantity and price indexes

Changes in current-dollar GDP measure the changes
in the market value of the goods, services, and structures produced in the economy in a particular period.
These changes can be decomposed into quantity and
price components. Quantities and prices are expressed
as index numbers with the reference year—at present,
the year 1996—equal to 100. Percent changes in real
GDP and its components are equal to the percent
changes of the quantity indexes; percent changes in
prices are equal to the percent changes of the price indexes.
The annual changes in quantities and prices in the
NIPA's are calculated using a Fisher formula that incorporates weights from 2 adjacent years. For example,
the 1996-97 change in real GDP uses prices for 1996
and 1997 as weights, and the 1996-97 change in prices
uses quantities for 1996 and 1997 as weights.21 These
annual changes are "chained" (multiplied) together to
form time series of quantity and price indexes. (For
more details, see the box "Basic Formulas for Calculating Chain-Type Quantity and Price Indexes" on the
next page.)
Quarterly changes in quantities and prices are calculated using a Fisher formula that incorporates
weights from two adjacent quarters; quarterly indexes
are adjusted for consistency to the annual indexes before percent changes are calculated.
The Fisher indexes have several advantages over the
fixed-weighted measures of real output and prices that
were featured before the 1996 comprehensive revision
of the NIPA's: (1) Elimination of substitution bias in
21. Because the source data available for most components of GDP are
measured in dollars rather than in units, the quantities of most of the
detailed components used to calculate percent changes are obtained by
deflation. For deflation, quantities are approximated by real values
(expressed at present with 1996 as the reference year) that are calculated by
dividing the current-dollar value of the component by its price index,
where the price index uses 1996 as the reference year.
Two other methods, quantity extrapolation and direct base-year valuation, are also used to calculate real values for a number of the most detailed
GDP components. For quantity extrapolation, the real values are obtained
by extrapolating the reference-year current-dollar estimates in both directions from the reference year (1996) by quantity indicators; for example,
the real values for mining exploration, shafts, and wells structures are
extrapolated using oilwell footage drilled. For direct reference-year valuation, the real values are obtained by multiplying reference-year prices by
quantity data for each period; for example, the real values of natural gas
inventories are calculated using quantities and prices of natural gas stocks.




real GDP growth that tends to cause an understatement of growth for periods before the reference year
and an overstatement of growth for periods after the
reference year, (2) elimination of the distortion of
growth in components and in industries that result
from the fixed-weighted indexes, and (3) elimination
of the anomalies that arise from using recent-period
price weights to measure periods in the past when a far
different set of prices prevailed.22
The Fisher formula produces percent changes in
quantities and prices that are not affected by the choice
of reference year. In addition, because the formulas for
calculating the changes in quantities and prices in this
way are symmetric, the product of a quantity index
and the corresponding price index, in general, equals
the current-dollar index.23
Chain-type quantity and price indexes that correspond to most of the current-dollar output, product,
and expenditure measures are presented in tables
7.1-7.14 and 7.17-7.20.24 Percentage changes from the
preceding period for GDP and its major components
and for other aggregates are presented in table 8.1.
Contributions by major components to changes in real
GDP and to changes in other major aggregates are presented in tables 8.2-8.6.
Chained-dollar measures

BEA also prepares measures of real GDP and its components in a dollar-denominated form, designated
"chained (1996) dollar estimates." For GDP and for
most other series, these estimates are computed by
multiplying the 1996 current-dollar value by a
corresponding quantity index number divided by
100. For example, if a current-dollar GDP component equaled $100 in 1996 and if real output for this
component increased 10 percent in 1997, then the
chained (1996) dollar value of this component would
be $110 ($100 x 1.10) in 1997. (For a list of the
22. For further discussion, see Jack E. Triplett, "Economic Theory and
BEA's Alternative Quantity and Price Indexes," SURVEY 72 (April 1992):
49-52; and J. Steven Landefeld and Robert P. Parker, "BEA's Chain Indexes,
Time Series, and Measures of Long-Term Economic Growth," SURVEY 77
(May 1997): 58-68.
23. For the annual estimates of GDP, this relationship does not hold exactly because of the price-data conventions used to calculate the change in
private inventories and the change in Commodity Credit Corporation inventories, a component of government consumption expenditures. In addition, the relationship does not hold exactly for the quarterly series, because
all quarterly chain-type quantities and prices are adjusted to average to the
corresponding annual estimates.
24. Indexes are not presented for change in private inventories, for net
exports, and for most of the "net" series in tables 7.5, 7.7, 7.11, 7.13, 7.19,
and 7.20. Indexes for these series are not meaningful.

M-15

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

chained-dollar series that are not calculated this way,
see the box "Chained Measures in the NIPA's That
Are Not Calculated as Fisher Indexes")

For analyses of changes over time in an aggregate or
in a component, the percentage changes calculated
from the chained-dollar estimates and from the chain-

Basic Formulas for Calculating Chain-Type Quantity and Price Indexes
This box shows the basic calculations used to prepare
The chain-type quantity index value for period t is
annual and quarterly chain-type quantity and price
indexes. See also the box "Chained Measures in the
NIPA's That Are Not Calculated as Fisher Indexes."
Annual indexes
The formula used to calculate the annual change in real
GDP and other components of output and expenditures
is a Fisher index (Q^) that uses weights for 2 adjacent
years (years t-1 and t).
The formula for real GDP in year t relative to its value
in year t-1 is

IF= IF

xOF

and the chain-type price index is calculated analogously.
Chain-type real output and price indexes are presented
with the reference year (b) equal to 100; that is, Ib=l00.
The current-dollar change from year t-1 to year t
expressed as a ratio is equal to the product of the Fisher
price and quantity indexes:1

where the p's and c[s represent prices and quantities of Quarterly indexes
detailed components in the 2 years.
The same formulas are used to calculate the quarterly
Because the first term in the Fisher formula is a
indexes except that quarterly data are substituted for
Laspeyres quantity index (£>f), or
annual data.
All quarterly chain-type indexes for completed years
that have been included in an annual or comprehensive
revision are adjusted so that the quarterly indexes average
and the second term is a Paasche quantity index (Qt), or to the corresponding annual index. When an additional
year is completed between annual revisions, the annual
index is computed as the average of the quarterly indexes,
so no adjustment is required to make the quarterly and
annual indexes consistent. For example, until the 2000
the Fisher formula can also be expressed for year t as the annual revision was released, the chain-type indexes for
geometric mean of these indexes as follows:
the year 1999 were computed as the average of the four
quarterly indexes for 1999.
The percent change in real GDP (or in a GDP component) from year t-1 to year t is calculated as

ioo(ef-i.o

Chained-dollar estimates
The chained-dollar value {CDt) is calculated by multiplying the index value by the reference-year current-dollar value (Lph qh) and dividing by 100. For period t,

Similarly, price indexes are calculated using the Fisher
formula

which is the geometric mean of a Laspeyres price index
(PtL) and a Paasche price index (Pf), or

M-16



Implicit price deflators
The implicit price deflator {IPDt) for period t is calculated as the ratio of the current-dollar value to the corresponding chained-dollar value multiplied by 100 as
follows:
x 100.
CD.
1. See also footnote 23 on page M-15.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

type quantity indexes are the same; any differences will
be small and due to rounding. Thus, chained-dollar estimates are most appropriately interpreted as index
numbers with a reference value other than 100. However, because the relative prices used as weights for any
period other than the reference year differ from those
used for the reference year, the chained-dollar values
for the detailed GDP components will not necessarily
sum to the chained-dollar estimate of GDP or of any
intermediate aggregate. A measure of the extent of
such differences is provided by a "residual" line, which
indicates the difference between GDP (or another major aggregate) and the sum of the most detailed components in the table.
For periods close to the reference year, when there
usually has not been much change in the relative
prices that are used as the weights for the chain-type
index, the residuals tend to be small, and the chained (1996) dollar estimates can be used to approximate the contributions to growth and to aggregate
the detailed estimates.
As one moves further from the reference year, the
residual tends to become larger, and the chained-dollar

estimates become less useful for economic analysis. For
this reason, most of the chained-dollar series for detailed components are shown beginning with 1987.25
In general, the use of chained-dollar estimates to calculate component shares or component contributions to
real growth may be misleading for periods away from
the reference year. Thus, contributions to percent
change shown in tables 8.2-8.6 provide better measures of the composition of GDP growth and that of its
major aggregates. In particular, for components for
which relative prices are changing rapidly, such as
computers and peripheral equipment, calculations of
contributions using chained-dollar estimates may be
misleading even very close to the reference year (and
the residuals in the corresponding chained-dollar tables maybe large).
Tables 8.2-8.6 use exact formulas for attributing
growth to the components of GDP and of other aggregates, but the presentation is limited to the contributions to change from the preceding year or quarter.
25. Chained (1996) dollar estimates for selected series for earlier periods
are shown in tables 1.2, 1.4,1.6,1.8, 1.10, 1.11,1.16,2.9, 5.11, 5.13, and 8.7.

Chained Measures in the NIPA's That Are Not Calculated as Fisher Indexes
The Fisher formula described in the box "Basic Formulas
for Calculating Chain-Type Quantity and Price Indexes"
is generally preferred for calculating the chain-type
quantity and price indexes presented in the NIPA's. In the
preferred method, chained dollars are obtained by multiplying the Fisher quantity index by the reference-year
current-dollar value and dividing by 100. However, when
the components of an aggregate include large negative
values, the Fisher formula may require taking the square
root of a negative number. For these aggregates, another
method for calculating chained dollars must be used. The
inability to calculate a particular Fisher quantity index
(for example, change in private inventories) because of
negative values usually does not extend to the calculation
of higher level aggregates (for example, quantity indexes
for gross private domestic investment and for GDP can
be computed). The calculation of contributions to percent change is not affected by negative values, so they can
be calculated for all components. The following paragraphs describe the cases for which the Fisher formula
cannot be used.
For change in private inventories (in tables 1.2,1.4,1.6,
5.3, 5.11, 8.9B, and 8.11), chained-dollar series are calculated as the difference between end-of-period and beginning-of-period chain-weighted stocks of inventories.
The following chained-dollar series are calculated as
the current-dollar value of the series divided by an
appropriate implicit price deflator: Gross national in-




come and gross domestic income (in table 1.10); command-basis exports of goods and services and income
receipts from the rest of the world (in table 1.11); and
disposable personal income (in tables 2.1 and 2.9).
For the following series, real values are calculated as the
sum of, or the difference between, chained-dollar series
measuring flows: Net exports of goods and services (in
table 1.2); command-basis gross national product (in
table 1.11); net domestic product of nonfinancial corporate business (in table 1.16); foreign travel and other, net
(in table 2.5); net foreign travel and net foreign remittances (in table 2.7); Federal nondefense consumption
expenditures for durable goods, for nondurable goods,
and for Commodity Credit Corporation inventory
change (in table 3.8); Federal defense consumption
expenditures for other durable goods (in table 3.11); net
investment by major type (in table 5.3); residential and
nonresidential private net purchases of used structures
(in table 5.7); Federal defense and nondefense net purchases of used structures (in table 5.15); and net exports
of motor vehicles (in table 8.9B).
For the following series, quantity indexes are calculated
by dividing the chained-dollar series by its reference year
(that is, 1996) value and multiplying by 100: Command-basis GNP and command-basis exports of goods
and services and receipts from the rest of the world (in
table 7.3); and income receipts from the rest of the world
(in table 7.9).
M-17

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

(For details, see the box below.) For some analytical
purposes, it may be desirable to calculate contributions
to growth for more than a single quarter or year or to
calculate contributions to growth for aggregates not
shown in tables 8.2-8.6. An article in the SURVEY provides information on how to prepare chained-dollar
series with different reference years that permit the calculation of close approximations of contributions to
real growth for any period.26 This article shows how to
calculate a chained-dollar series for any period by using the percent changes in the chain-type indexes to
compute chained-dollar series indexed to the current
dollars of whatever reference year is appropriate for the
analysis. In the article, different reference years are
used depending upon the time period analyzed; for example, for decades and business cycles, the midpoints
of the periods are used.
In this publication, tables 1.2A, 1.2B, 1.2C, and 1.2D
present annual estimates of real GDP and its major
components in chained (1937) dollars, chained (1952)
dollars, chained (1972) dollars, and chained (1982)
dollars, respectively. However, users should be aware
that contributions calculated from these tables are approximations and may produce misleading results for
periods far from those reference years or when relative prices are changing rapidly, such as during the
energy crisis of 1973-75.
The presentation in this publication of chaineddollar estimates before 1987 has been limited to key
26. See Landefeld and Parker, "BEA's Chain Indexes" 63-66.

aggregates. However, detailed quantity indexes, which
are accurate for all periods, are presented in tables
7.3-7.14 and 7.17-7.20, most of which begin with
1929. These quantity indexes can be used in place of
chained-dollar estimates in analyses that require data
on real GDP or its components over time, as well as to
calculate percent changes. For GDP and its major components and for other measures of output, annual
growth rates beginning with 1930 and quarterly
growth rates beginning with the second quarter of
1947 are presented in table 8.1.
Price indexes

BEA's featured aggregate price measure is the price index for gross domestic purchases, which measures the
prices paid for goods and services purchased by U.S.
residents. This index is derived from the prices of PCE,
gross private domestic investment, and government
consumption expenditures and gross investment. In
contrast, the GDP price index measures the prices paid
for goods and services produced by the U.S. economy
and is derived from the prices of PCE, gross private domestic investment, net exports, and government consumption expenditures and gross investment. Thus,
the two indexes differ with respect to coverage of the
prices of exported and imported goods and services.
Price changes in goods and services produced abroad
and sold in the United States are reflected in the gross
domestic purchases measure but not in the GDP measure; price changes in goods and services produced by
the U.S. economy and sold abroad are reflected in the

Calculating the Contributions of Components to the Change in GDP and in Other Major Aggregates
The contributions to percent change in a real aggregate, gate. Contributions of subaggregates (such as PCE
such as real GDP, provide a measure of the composition goods) to the percent change of the aggregate (say, PCE
of growth in the aggregate that is not affected by the non- or GDP) are calculated by summing the contributions of
additivity of its components. This property makes contri- all the deflation-level components contained in the subbutions to percent change a valuable tool for economic aggregate.
analysis. The contribution to percent change (C?^) in an
For annual estimates, no adjustments are required for
aggregate in period t that is attributable to the quantity contributions to sum exactly to the percent change in the
change in component i is defined by the formula
aggregate. For quarterly estimates, adjustments are
required to offset the effects of adjustments made to published aggregates and their quarterly percent change:
namely, conforming quarterly estimates to average to the
corresponding annual estimates, and expressing percent
change at annual rate. The same formula is used for both
p
where Pt is the Fisher price index for the aggregate in annual and quarterly estimates of contributions to perperiod t relative to period t-1; pit is the price of the com- cent change in all periods. The only variation in the
ponent i in period t; and qi f is the quantity of the compo- method of calculation is that when the annual contributions for the most recent year are first calculated, they are
nent i in period t.
based on a weighted average of the quarterly contribuThe summation with subscript j in the denominator
includes all the deflation-level components of the aggre- tions until the next annual revision.

M-18




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

GDP price measure but not in the gross domestic purchases price measure. For example, a change in the
price of imported petroleum that is fully passed on to
U.S. consumers would be fully reflected in the price index for gross domestic purchases but not in the GDP
price index, because imports are subtracted in deriving
GDP.
Implicit price deflators

BEA also prepares another price index, the implicit
price deflator (IPD), which is calculated as the ratio of
the current-dollar value to the corresponding chaineddollar value, multiplied by 100 (see the box "Basic Formulas for Calculating Chain-Type Quantity and Price
Indexes" on page M-16). The values of the IPD are
very close to the values of the corresponding chaintype price index for all periods.27
IPD's for GDP and its major components are presented as index numbers in table 7.1, and percentage
changes from the preceding period for these measures
are presented in table 8.1.
Command-basis GNP and terms of trade

BEA also prepares another measure of "real" output command-basis GNP (see table 1.11). Command-basis
GNP is a measure of the goods and services produced
by the U.S. economy in terms of their purchasing
power. GNP and command-basis GNP differ in how
their real values are prepared: In estimating real GNP,
the current-dollar values of the detailed components
of exports of goods and services are deflated by export
prices, the current-dollar values of the detailed components of imports of goods and services are deflated by
import prices, and the current-dollar value of most
factor income is deflated by the IPD for final sales to
domestic purchasers. In estimating command-basis
GNP, the current-dollar value of the sum of exports of
goods and services and of income receipts is deflated
by the IPD for the sum of imports of goods and services and of income payments.
The terms of trade is a measure of the relationship
between the prices that are received by U.S. producers
for exports of goods and services and the prices that
are paid by U.S. purchasers for imports of goods and
services. It is measured by the following ratio, with the
decimal point shifted two places to the right: In the numerator, the IPD for the sum of exports of goods and
services and of income receipts; in the denominator,
the IPD for the sum of imports of goods and services
27. The two measures of the price level differ only because of the factors
that are cited in footnote 23.




and of income payments. Changes in the terms of
trade reflect the interaction of several factors, including movements in exchange rates, changes in the composition of traded goods and services, and changes in
producers' profit margins. For example, if the U.S. dollar depreciates against a foreign currency, a foreign
manufacturer may choose to absorb this cost by reducing the profit margin on the product it sells to the
United States, or it may choose to raise the price of the
product and risk a loss in market share.
Classifications of Production
In the NIPA's, production is classified by type of product, by sector, by legal form of organization, and by industry.
Type of product

Type of product classifications—goods (durable and
nondurable), services, and structures—are presented
for GDP and the components of final sales of domestic
product. Goods are tangible products that can be
stored or inventoried, services are products that cannot
be stored and are consumed at the place and time of
their purchase, and structures are products that are
usually constructed at the location where they will be
used and that typically have long economic lives. In
cases in which a product has characteristics of more
than one of these classifications (for example, restaurant meals), or in which source data do not provide detail on type of product (for example, foreign travel),
the product is classified on the basis of the dominant
characteristic.
Accordingly, the following products are included in
goods: Restaurant meals; expenditures abroad by U.S.
residents except for travel (for example, expenditures
of U.S. military and embassy personnel abroad); replacement parts whose installation cost is minimal;
dealers* margins on used equipment; and movable
household appliances, such as refrigerators, even when
they are included in the purchase price of a new home.
The following products are included in services:
Food that is included in airline transportation and
hospital charges; natural gas and electricity (except in
exports and imports); goods and services that are included in current operating expense of nonprofit institutions (for example, office supplies); foreign travel by
U.S. residents; expenditures in the United States by foreigners; repair services, which include the cost of parts
(except replacement parts whose installation cost is
minimal); defense research and development; and exports and imports of certain goods, primarily military
M-19

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

equipment purchased and sold by the Federal Government.
The following products are included in structures:
Manufactured homes; certain types of installed equipment, such as elevators, heating, and air conditioning
systems; brokers' commissions on sale of structures;
architectural and engineering fees included in the
value of structures; land development costs; and mining exploration, shafts, and wells.
In PCE, exports, imports, and government consumption expenditures and gross investment, durable
goods have an average life of at least 3 years. In fixed
investment, equipment and software consists of goods
that have an average life of at least 1 year. In change in
private inventories, goods held by manufacturing and
trade establishments are classified as durable goods or
nondurable goods in accordance with the classification
of the industry of the establishment holding the inventories. Inventories held by construction establishments
are classified as durable goods. Inventories held by establishments other than those in manufacturing, trade,
and construction are classified as nondurable goods.
Sector

In the NIPA's, a breakdown of GDP is also shown in
terms of the three sectors of the economy—business,
households and institutions, and general government.
Business. Production by all entities that produce
goods and services for sale at a price intended at least
to approximate the costs of production, corporate and
noncorporate private entities organized for profit, and
certain other entities that are treated as business in the
NIPA's. These entities include mutual financial institutions, private noninsured pension funds, cooperatives,
nonprofit organizations (that is, entities classified as
nonprofit by the Internal Revenue Service (IRS) in determining income tax liability) that primarily serve
business, Federal Reserve banks, federally sponsored
credit agencies, and government enterprises.28 Business
production also includes the services of owner-occupied housing and of buildings and equipment and
software owned and used by nonprofit institutions
that primarily serve individuals. Gross product of the
business sector is measured as GDP less the gross
product of households and institutions and of general
government.29
28. For more detail on government enterprises, see the section "Legal
form of organization."
29. Gross product of financial and of nonfinancial corporations are also
shown in the NIPA tables. They are calculated on the basis of the costs
incurred and the incomes earned from production.

M-20




Households and institutions. Production by households, consisting of families and unrelated individuals,
and by nonprofit institutions that primarily serve individuals. Gross product of households and institutions
is measured by the compensation paid to domestic
workers and to the employees of these nonprofit institutions.
General government. Production of all Federal Government and State and local government agencies except government enterprises. Gross product of general
government is measured as the sum of the compensation of the employees of these agencies and of the consumption of fixed capital (CFC).
Legal form of organization

For the domestic business sector, income and its components are shown for four legal forms of organization—corporate business, sole proprietorships and
partnerships, other private business, and government
enterprises (employee compensation only).
Corporate business. All entities required to file Federal corporate tax returns (IRS Form 1120 series).
These entities include mutual financial institutions
and cooperatives subject to Federal income tax, nonprofit institutions that primarily serve business, Federal Reserve banks, and federally sponsored credit
agencies.
Sole proprietorships. All entities that would be required to file IRS Schedule C (Profits or Loss from
Business) or Schedule F (Farm Income and Expenses)
if the proprietor met the filing requirements, together
with owner-occupied farm housing.
Partnerships. All entities required to file Federal
partnership income tax returns, IRS Form 1065 (U.S.
Partnership Return of Income).
Other private business. All entities that would be required to report rental and royalty income on the individual income tax return in IRS Schedule E (Supplemental Income and Loss) if the individual met the
filing requirements, tax-exempt cooperatives, owneroccupied nonfarm housing, and buildings and equipment and software owned and used by nonprofit institutions that primarily serve individuals.
Government enterprises. Government agencies that
cover a substantial proportion of their operating costs
by selling goods and services to the public and that
maintain their own separate accounts. A "mixed"
treatment of government enterprises is used in the
NIPAV. Some types of transactions are recorded as if
they were part of the business sector, and others are re-

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

corded as if they were part of the general government
sector.
The following transactions of government enterprises are treated like those of businesses and included
in the NIPA business sector: (1) Their sales to final users are recorded as sales by businesses, (2) their purchases of materials and business services are considered intermediate, and (3) their compensation
payments and CFC are deducted in calculating their
income. Within the business sector, government enterprises are classified as noncorporate businesses.
Other transactions of government enterprises are
treated like those of other government agencies: (1)
Their interest payments are combined with those of
general government rather than those of business, (2)
their investment in equipment and software and in
structures is combined with general government investment rather than with business investment in gross
private domestic investment, and (3) their profit-like
income, the current surplus of government enterprises
(see the definition on page M-10), accrues to general
government.
Industry

Industrial distributions are presented for national
income and its components, capital consumption allowances, employment and hours, and the change in
private inventories and the stock of private inventories.30 The classification underlying the distributions
of private activities in this publication is based on the
Standard Industrial Classification (SIC).31 BEA and
other Federal statistical agencies have begun to adopt
the new North American Industry Classification System.32
The industry distributions in most of the tables in
"Income, Employment, and Product by Industry"
30. An industrial distribution of fixed investment based on data collected
from establishments is prepared as part of the procedure used to estimate
capital stock. For further information, see Fixed Reproducible Tangible
Wealth in the United States.
Industrial distributions of gross output, intermediate inputs, and gross
product are also prepared; for further information, see Sherlene K.S. Lum,
Brian C. Moyer, and Robert E. Yuskavage, "Gross Product by Industry,
1947-98" SURVEY 80 (June 2000): 24-54.
31. Office of Management and Budget, Statistical Policy Division, Standard Industrial Classification Manual 1987 (Washington, DC: U.S. Government Printing Office (GPO), 1988); Office of Management and Budget,
Statistical Policy Division, Standard Industrial Classification Manual, 1972
(Washington, DC: GPO, 1972); and Bureau of the Budget, Standard Industrial Classification Manual, 1942 (Washington, DC: GPO, 1942).
32. For more information, see "The North American Industry Classification System in BEA's Economic Accounts," SURVEY 81 (May 2001): 7-13, "An
Upcoming Change in the NIPA Presentation of Private Inventories by
Industry," SURVEY 81 (June 2001): 22-26, and "Annual Revision of the
National Income and Product Accounts," SURVEY 81 (August 2001): 7-32.




(category 6) are shown as follows: Estimates for
1929-48 that are based on the 1942 SIC are shown in
tables designated as part A; estimates for 1948-87 that
are based on the 1972 SIC are shown as part B; and estimates for 1987-97 that are based on the 1987 SIC are
shown as part C. The industry distributions based on
the 1987 SIC reflect the corresponding shift of most of
the NIPA source data. The estimates for earlier years
have not been adjusted to the 1987 SIC, because of a
lack of adequate source data. Instead, the estimates for
1948 are shown on the basis of both the 1942 and 1972
SIC, and the estimates for 1987 are shown on the basis
of both the 1972 and the 1987 SIC.
Industrial distributions of government activities are
not provided; instead, they are combined into a single
category. For most series, separate estimates are shown
for the activities of the Federal Government, of State
and local governments, and of government enterprises.
Expenditures by the Federal Government and by State
and local governments are also shown by type and by
function.
The industrial distributions for private activities are
based on data collected from "establishments" or from
"companies" (also called enterprises, or firms). Establishments, as defined in the SIC, are economic units,
generally at a single physical location, where business is
conducted or where services or industrial operations
are performed. Companies consist of one or more establishments owned by the same legal entity or group
of affiliated entities. Establishments are classified into
an SIC industry on the basis of their principal product
or service, and companies are classified into an SIC industry on the basis of the principal SIC industry of all
their establishments. Because large multiestablishment
companies typically own establishments that are classified in different SIC industries, the industrial distribution of the same economic activity on an establishment
basis can differ significantly from that on a company
basis. For example, employment of steel-manufacturing companies differs from employment of steel-manufacturing establishments because the employment of
these companies includes the employment of establishments that are not classified in steel manufacturing
and because it excludes the employment of establishments that manufacture steel but that are not owned
by steel-manufacturing companies.
Industrial distributions on a consistent establishment or company basis are not available for all NIPA
components. As a result, the industrial distribution
of national income reflects a mix of establishment and

M-21

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

company data. For the following series, the industrial
distributions are based on establishment data:
Compensation of employees, employment, hours, inventories, rental income of persons, farm proprietors'
income, farm net interest, and farm noncorporate capital consumption allowances. For nonfarm proprietors,
industrial distributions of proprietors' income, net interest, and capital consumption allowances are based
on company data; these data are regarded as being substantially the same as if they were based on establishment data because nearly all unincorporated companies own only one establishment (and the few multiestablishment companies usually own establishments
in the same SIC industry). For corporations, industrial
distributions of profits, nonfarm net interest, and capital consumption allowances are based on company
data.
In addition, individual industry series are not fully
comparable over time. Historical comparability is affected primarily by two factors. First, the composition
of industries may change because of changes in the SIC
basis that is used for the estimates. This factor affects
estimates based on establishment data and on company data.
Second, historical comparability is affected because
the industrial classification of the same establishment
or company may change over time. This factor affects
company-based estimates much more than establishment-based estimates. The classification of a company
may change as a result of the following: Shifts in the

level of consolidation of entities for which company reports are filed; mergers and acquisitions; and other
shifts in principal activities, especially for large diversified firms.
In addition to the SIC industrial distributions of
private activities, some NIPA tables show the following
special SIC groupings, the titles of which correspond
to the 1987 SIC:
Financial industries consists of the following SIC industries: Depository institutions, nondepository institutions, security and commodity brokers, insurance
carriers, regulated investment companies, small business investment companies, and real estate investment
trusts.33
Nonfinancial industries consists of all other private
industries.
Goods-producing industries consists of the following
SIC divisions: Agriculture, forestry, and fishing; mining; construction; and manufacturing.
Distributive industries consists of the following SIC
divisions: Transportation (excluding the U.S. Postal
Service); communications; electric, gas, and sanitary
services; wholesale trade; and retail trade.
Service industries consists of the rest-of-the-world
sector and the following SIC divisions: Finance, insurance, and real estate; and services.
33. Regulated investment companies, small business investment companies, and real estate investment trusts are included in the SIC classification
"holding and other investment offices" and are not shown separately in the
NIPA tables.

The Presentation of the NIPA's
This section describes the release schedule for the
NIPA estimates, the publication of the NIPA tables,
and additional presentations of NIPA and NIPA-related estimates.34
Release schedule

For GDP and most other NIPA series, quarterly estimates are released on the following schedule: "Advance" estimates are released near the end of the first
month after the end of the quarter; as more detailed
and more comprehensive data become available, "preliminary" and "final" estimates are released near the
end of the second and third months, respectively.
For gross national product, gross domestic income,
34. For additional details on the availability of BEA's products and services, see BEA's Web site at <www.bea.doc.gov>.

M-22




national income, corporate profits, and net interest,
"advance" estimates are not prepared, because of a lag
in the availability of source data. Except for the fourthquarter estimates, the initial estimates for these series
are released with the preliminary GDP estimates, and
the revised estimates are released with the final GDP
estimates. For the fourth quarter, these estimates are
released only with the final GDP estimates.
Monthly estimates of personal income and outlays
are released near the end of the month following the
reference month; estimates for the preceding 2 to 4
months are subject to revision at that time.
Annual revisions of the NIPA's are usually carried
out each summer and cover the months and quarters
of the most recent calendar year and of the 2 preceding
years. These revisions are timed to incorporate newly

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

available major annual source data.35
Comprehensive revisions are carried out at about 5year intervals. They incorporate definitional, statistical, and presentational improvements (see the introduction on page M-l).

set presents the estimates for the most recent 5 or 6
quarters and the most recent 2 years. The selected set
comprises the 2 summary tables and 59 tables from the
first eight NIPA categories (seasonally unadjusted estimates in the last category are compiled only once a
year and thus are not included in the selected set of taPublication of the NIPA tables
bles). Because the numbering system used for the full
Tables that present the NIPA estimates appear each set of tables is retained in the selected set, gaps occur in
month under "National Data" in the section "BEA the numbering of the selected tables.
Current and Historical Data" in the SURVEY OF CURRENT
A note preceding the NIPA tables indicates informaBUSINESS.36 The full set of NIPA tables now consists of tion on the vintage of the estimates. In general, the
148 tables that present annual, quarterly, and monthly NIPA tables in the SURVEY present estimates for the
estimates. These tables are grouped into two summary most recent 2-4 years. Historical annual and quarterly
tables (S.I and S.2) and nine other categories:
estimates for summary NIPA series are presented annually in the SURVEY and cover the following: Current1. National Product and Income
and chained-dollar GDP for most of the components
2. Personal Income and Outlays
in NIPA tables 1.1 and 1.2 and for final sales of domes3. Government Current Receipts and Expenditures
tic product and gross national product; NIPA chain4. Foreign Transactions
type quantity and price indexes and implicit price de5. Saving and Investment
flators; and most of the major components of national
6. Income and Employment by Industry
income and personal income in NIPA tables 1.14 and
7. Quantity and Price Indexes
2.1. For example, these estimates were published as
8. Supplemental Tables
"GDP and Other Major NIPA Series, 1929-2001:1" in
9. Seasonally Unadjusted Estimates
Categories 1-5 are presented in volume 1 of this the August 2001 SURVEY. In addition, historical annual
publication, and categories 6-9 are presented in vol- and quarterly estimates for the major NIPA aggregates
are published monthly in table C.I in the "BEA Curume 2.
The NIPA tables are numbered as follows: The rent and Historical Data" section of the SURVEY.
number (or letter S) preceding the period is the cateIn the table of contents, the frequency of the estigory number, and the number following the period in- mate and the time period covered are given for each tadicates the specific table in that category; for example, ble. In volume 2, the tables are followed by the "Index
table 2.2 is the second table in the second category to the NIPA Tables," which identifies the NIPA table
"Personal Income and Outlays." For some tables, a let- (or tables) for each NIPA series and each topic covered
ter suffix following the table number indicates that by the NIPA's and which includes cross-references for
there are different versions of the table for different commonly used business and economic terms to the
time periods; for example, in this publication, table appropriate NIPA item.
4.5A shows the relation of foreign transactions in the
NIPA's to the corresponding items in the international Other presentations of NIPA estimates and
transactions accounts for the period 1946-85, and ta- NIPA-related estimates
ble 4.5B shows the same relation (with additional de- The SURVEY also presents the following NIPA and
tail) for the period 1986-97.
NIPA-related estimates that do not fit neatly into the
Most of the full set of NIPA tables are published in system or publication schedule for the standard NIPA
the issues of the SURVEY that describe the annual and presentation.
comprehensive revisions (for example, see the August
"Gross Domestic Product by Industry" presents
2001 SURVEY); the remaining tables are published in current-dollar and chained-dollar estimates of gross
subsequent months. In addition, a set of "Selected domestic product by industry, which is the contribuNIPA Tables" is published monthly in the SURVEY; this tion of each industry—including government—to
GDP. Estimates for GDP by industry for 1947-98 were
35. For a discussion of the most recent annual revision of the NIPA's, see published in the June 2000 SURVEY, and revised and
the article in the August 2001 SURVEY.
new estimates for 1997-99 were published in the De36. The NIPA estimates are first published in news releases, which are
cember 2000 SURVEY.
available to the public in a variety of forms; for details, see the box "Data
Availability."




M-23

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

"Reconciliation Tables" in appendix A of the "BEA
Current and Historical Data" section presents tables
that reconcile NIPA estimates with related series and
that provide analytically useful extensions of the NIPA
estimates. At present, tables in this section show the
reconciliation of relevant NIPA series with related series in the international transactions accounts and the
reconciliation of BEA compensation with Bureau of
Labor Statistics earnings.
"Real Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade"—usually published in
the January, April, July, and October issues of the SURVEY—shows quarterly and monthly estimates for these
series and quarterly and monthly inventories for manufacturing by stage of fabrication. Historical estimates
for these series, quarterly for 1977 forward, were published in the January 2000 SURVEY, and revised and new
estimates for 1997 forward will be published in the October 2001 SURVEY. Estimates for 1959 forward are
available electronically on BEA's Web site (see the box
"Data Availability").
"Fixed Assets and Consumer Durable Goods"—usually published in the September issue of the SURVEY—
shows annual estimates of stocks for private fixed assets, government-owned fixed assets, and durable
goods owned by consumers. Revised estimates for
1929-98 were published in the April 2000 SURVEY and
were updated to 1999 in the September 2000 SURVEY.
(The forthcoming publication Fixed Assets and Consumer Durable Goods in the United States, 1925-97 will
present the estimates described above and additional
estimates by industry and by type of asset for net
stocks, consumption of fixed capital, investment, and
average age of net stocks.) Estimates for 1925 forward
are available electronically on BEA's Web site (see the
box "Data Availability").
"Selected Monthly Estimates" for personal income
by type of income and for the disposition of personal
income, including PCE, are published in tables B.I and
B.2 in the "BEA Current and Historical Data" section
of the SURVEY. These estimates are also published annually in NIPA tables 2.8-2.11, and the estimates for the
most recent months appear in the personal-incomeand-outlays news release.
"Source Data and Assumptions" shows the source
data and the BEA assumptions for missing key source
data that are used to prepare the advance estimates of

M-24




GDP. This information is available at the time of the
news release and is included in the "Business Situation" in the SURVEY that present the advance estimates.37
"Reliability of the GDP Estimates" covers several articles that assess the reliability of the current quarterly
estimates, which consist of the advance, preliminary,
and final estimates, by comparing them with the "latest" estimates, which reflect the results of both annual
and comprehensive revisions. The most recent study,
which was conducted in 1998 (before the 1999 comprehensive revision and the 2000 and 2001 annual revisions), found that the current quarterly estimates
correctly indicated the direction of change 98 percent
of the time, correctly indicated the acceleration or deceleration of aggregate economic activity about threefourths of the time, and successfully identified four of
the five cyclical peaks since the beginning of 1969.38
37. Additional information about source data and assumptions is also
available on BEA's and STAT-USA's Web sites; see the box below.
38. See Bruce T. Grimm and Robert P. Parker, "Reliability of the Quarterly
and Annual Estimates of GDP and Gross Domestic Income,'' SURVEY 78
(December 1998): 12-21.

Data Availability
Most NIPA estimates are available on BEAs Web site at
<www.bea.doc.gov> within minutes after their official
news release. The Web site provides summary estimates from the national, industry, regional, and international accounts, articles from the monthly SURVEY OF
CURRENT BUSINESS, and other information about all
aspects of BEAs work.
In addition, STAT-USA maintains an Internet site
that contains a range of economic information from
many Federal statistical agencies, including BEA. To
subscribe or for more information, go to <www.statusa.gov>, or call (202) 482-1986.
BEA also prepares recorded telephone messages
that summarize key estimates immediately after they
are released: For gross domestic product, call (202)
606-5306; for personal income and outlays, call (202)
606-5303; for U.S. international transactions, call
(202) 606-5362.
The NIPA estimates are also available on diskettes.
For more information, see the Catalog of Products
on our Web site, or call the BEA Order Desk at
1-800-704-0415 (outside the United States, call
(202) 606-9666).

Statistical Conventions Used for the NIPA Estimates
Most of the NIPA estimates are presented in
current dollars. Changes in current-dollar estimates measure the changes in the market values of goods or services that are produced or
sold in the economy. For many purposes, it is
necessary to decompose these changes into
price and quantity components. Prices are expressed as index numbers with the reference
year—at present, the year 1996—equal to 100.
Quantities, or "real" measures, are expressed
as index numbers with the reference year
(1996) equal to 100; for selected series, they
are also expressed in chained (1996) dollars.
(For further details, see the section "Real Output and Related Measures")
Seasonal adjustment

Quarterly and monthly NIPA estimates are
seasonally adjusted at the detailed series level
when the series demonstrate statistically significant seasonal patterns. For most of the
series that are seasonally adjusted by the
source agency, BEA adopts the corresponding
seasonal adjustment factors. Seasonal adjustment removes from the time series the average
effect of variations that normally occur at
about the same time and in about the same
magnitude each year—for example, weather
and holidays. After seasonal adjustment,
cyclical and other short-term changes in the




economy stand out more clearly.
Annual rates

Quarterly and monthly NIPA estimates in current and chained dollars are presented at annual rates, which show the value that would be
registered if the rate of activity measured for a
quarter or a month were maintained for a full
year. Annual rates are used so that periods of
different lengths—for example, quarters and
years—may be easily compared. These annual
rates are determined simply by multiplying the
estimated rate of activity by 4 (for quarterly
data) or by 12 (for monthly data).
Percent changes in the estimates are also expressed at annual rates. Calculating these
changes requires a variant of the compound
interest formula,
(GDP1y_
r = \GDP0J

x 100

where ris the percent change at an annual rate,
GDPt is the level of activity in the later period,
GDP0 is the level of activity in the earlier
period, m is the periodicity of the data (for
example, 1 for annual data, 4 for quarterly
data, or 12 for monthly data), and n is the
number of periods between the earlier and
later periods (that is, t-0).

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

M-25







Appendix

Updated Summary
NIPA Methodologies

M-27




Updated Summary NIPA Methodologies
encompass both the quantity and price dimensions that are
required for current-dollar estimates. In these cases, the
methodology indicated in table 1 covers only the adjustment of the value data to derive estimates consistent with
NIPA definitions and coverage.
For those estimates not derived from value data, the table indicates the combination of data with separate quantity and price dimensions that is used to derive the required value estimate and the major adjustments needed to
derive estimates consistent with NIPA definitions and coverage. On the product side, a "physical quantity times
Current-dollar estimates
price" method is used for several components. For examTable 1 lists the components of current-dollar GDP start- ple, the estimate for new autos is calculated as unit sales
ing with the components on the product side and proceed- times expenditure per auto (the average list price with oping to those on the income side. The subcomponents, with tions, adjusted for transportation charges, sales tax, dealer
their dollar values for 1997, are grouped according to the discounts, and rebates). On the income side, an "employmethodology used to prepare them.
ment times earnings times hours" method and variations
The column for the annual estimates covers the revision of a "stock of assets/liabilities times an effective interest
cycle for those estimates and notes the major differences in rate" method are used for several components.
methodology as the estimates move through the three anSome of the source data shown in table 1 for the annual
nual revisions to a benchmark revision.2 For example, for estimates are used as indicators to interpolate and extrapo"most goods" in personal consumption expenditures late the levels established by source data that are more
(PCE) (the first item on the product side), the table indi- comprehensive, and all of the source data shown for the
cates one methodology for benchmark years and another advance quarterly estimates are used to extrapolate the
for all other years.
level of the preceding quarter. In addition, extrapolation
The column for the quarterly estimates covers only the and interpolation may be based on trends, as is the case
advance estimate for the current quarter—that is, the esti- when "judgmental trend" is listed in the table.4
mate prepared about a month after the end of the quarter.
Estimating methods. Table 1 refers to four methThat estimate, rather than the preliminary or final quar- ods—commodity flow, retail control, perpetual inventerly estimate, is described because more attention focuses tory, and fiscal year analysis—that are used by BEA for eson the "first look" at the quarter. In addition, the column timating specific components.
lists only the source data and methods; it does not indicate
The commodity-flow method is used to obtain the value
how many months of source data are available or whether of final users' purchases of goods and services (that is,
the data are subject to revision by the source agency. commodities) for BEA's benchmark input-output acInformation on the key monthly source data appears each counts. These values serve as the benchmark for the NIPA
month in the "Business Situation" in the SURVEY OF CURRENT estimates of PCE, of equipment and software, and of the
BUSINESS. Additional information on the monthly source commodity detail for State and local government condata used for the advance estimate is available online from sumption expenditures and gross investment.5 This
the Department of Commerce's STAT-USA.3
method is also used for equipment and software in nonThe source data listed consist of a variety of economic benchmark years, but it is implemented in an abbreviated
measures, such as sales or receipts, wages and salaries, unit form. An even more abbreviated commodity-flow method
sales, housing stock, insurance premiums, expenses, inter- is used for current quarterly estimates of equipment and
est rates, mortgage debt, and tax collections. For most software.
components, the source data are "value data"; that is, they
The retail-control method is used to estimate over
one-third of the value of PCE for periods other than
1. BEA has prepared a series of papers that provide detailed descriptions of
This appendix presents summary descriptions of the principal source data and methods used to prepare the current-dollar estimates of gross domestic product (GDP) and
the estimates of real GDP.1 These descriptions have been
updated to reflect the methodological improvements that
were introduced in the comprehensive revision of the national income and product accounts (NIPA's) that was released in October 1999 and the annual revision of the
NIPA's that was released in July 2000.

NIPA concepts and methodologies. The methodologies described in these papers
are subject to periodic improvements, typically as part of annual and comprehensive revisions; these improvements are described in the articles in the SURVEY
OF CURRENT BUSINESS that cover these revisions. For more information, see the box
on page M-4.
2. For additional details on the release schedule for the NIPA estimates, see the
section "The Presentation of the NIPA's."
3. For additional information about STAT-USA, see the box "Data Availability."




4. For a few components, the final quarterly estimates are based on newly available source data that replace judgmental trends.
5. For additional information on this method, see U.S. Bureau of Economic
Analysis, Personal Consumption Expenditures, Methodology Paper No. 6 (Washington, DC: U.S. Government Printing Office (GPO), 1990): 31-34 and GNP: An
Overview of Source Data and Estimating Methods, Methodology Paper No. 4
(Washington: GPO, 1987): 16-17.

M-29

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

benchmark years. This method provides the indicator series used in extrapolating and interpolating the total of
"most goods" and the "control" total to which the PCE categories and residential equipment included in this group
must sum. These PCE categories consist of all goods except
autos and trucks, food furnished to employees, food and
fuel produced and consumed on farms, standard clothing
issued to military personnel, school lunches, and net foreign remittances.6
The perpetual-inventory method is used to derive estimates of fixed capital stock, which in turn form the basis
for the estimates of consumption of fixed capital. This
method is based on investment flows and a geometric depreciation formula; it is used instead of direct measurement of the capital stock because direct measurement is
seldom statistically feasible on a comprehensive basis.7
The fiscal year-analysis method provides the framework for the annual and quarterly estimates of Federal
Government consumption expenditures and gross investment. The estimates of expenditures are prepared by program—that is, by activity for a group of line items or for an
individual line item in the Budget of the U.S. Government.
For most programs, the fiscal year analysis begins by adjusting budget outlays for coverage and for netting and
grossing differences between these outlays and NIPA expenditures. The expenditures total (as adjusted) for a program is then classified by type of NIPA expenditure—for
example, transfer payments and interest paid—with nondefense consumption expenditures and gross investment
determined residually. When a fiscal year analysis is completed, the detailed array of NIPA expenditures by program
and by type of expenditure serves as a set of control totals
for the quarterly estimates.8
Foreign transactions. The source data for the foreign
transactions that are reflected in most NIPA components—such as net exports of goods and services and the
rest-of-the-world corporate profits—are from the international transactions accounts, which are also prepared by
BEA.9 As noted in table 1, for some NIPA components, the

ITA estimates are adjusted to conform to NIPA concepts
and definitions.10 Annual estimates of these adjustments
and their definitions are shown in NIPA table 4.5B, which
was last published in the August 2001 SURVEY; summary
quarterly estimates are shown in "Reconciliation Tables'' in
appendix A of the SURVEY.
Other information. In preparing the annual estimates of
several of the income-side components, BEA adjusts the
source data for various coverage and conceptual differences. For each subcomponent listed below, an annual
NIPA table reconciles the value published by the source
agency with the NIPA value published by BEA and identifies the BEA adjustments. The following is a list of the subcomponents and their corresponding reconciliation tables,
which were last published in the August 2001 SURVEY:
Wages and salaries, table 8.27; farm proprietors' income,
table 8.24; nonfarm proprietors' income, table 8.23; corporate profits, table 8.25; net interest, table 8.26; and consumption of fixed capital, table 8.22.
Real estimates

Table 2 shows which one of three methods—deflation,
quantity extrapolation, or direct base-year valuation—is
used to prepare the quantity index for each detailed product-side component of real GDP and identifies the source
data with which the method is implemented.11 Deflation is
used for most of the detailed components. In deflation, the
quantity index is obtained by dividing the current-dollar
index by an appropriate price index that has the base
year—currently 1996—equal to 100 and then by multiplying the result by 100.
The quantity-extrapolation and direct-base-year- valuation methods are similar in that they both use explicit
quantity data. In quantity extrapolation, quantity indexes
are obtained by using a quantity indicator to extrapolate
from the base-year value of 100 in both directions. In direct-base-year valuation, quantity indexes are obtained by
multiplying the base-year price by actual quantity data for
the index period and then expressing the result as an index
with the base year equal to 100.
6. For additional information, see Personal Consumption Expenditures, 41-54;
The subcomponents in table 2 are the same as those
and GNP:An Overview, 17.
7. For additional information on this method, see U.S. Bureau of Economic shown in table 1, but the detail differs to highlight the alAnalysis, Fixed Reproducible Tangible Wealth in the United States, 1925-94 (Washternative methodologies used for calculating the real estiington, DC: U.S. Government Printing Office, August 1999): M-3—M-36; and
GNP:An Overview, 17-18.
mates.12
8. For additional information and an example of this method, see U.S. Bureau
of Economic Analysis, Government Transactions, Methodology Paper No. 5
10. These adjustments are described in U.S. Bureau of Economic Analysis, For(Washington, DC: U.S. Government Printing Office, 1988): 19-20.
eign Transactions, Methodology Paper No. 3 (Washington, DC: U.S. Government
9. See U.S. Bureau of Economic Analysis, The Balance of Payments of the United Printing Office, 1987): 15-25.
States: Concepts, Data Sources, and Estimating Procedures (Washington, DC: U.S. 11. For additional information on the calculation of real GDP, see the section
Government Printing Office, 1990). The methodologies in this publication are
"Real Output and Related Measures "
subject to periodic improvements, typically as part of the annual revision of the
12. For the real estimates, the distinction between annual and quarterly methITA's; these improvements are described in the SURVEY articles that cover the
odologies is far less important than it is for the current-dollar estimates. For the
annual ITA revisions, most recently in "U.S. International Transactions, Revised relatively few cases in which the annual and quarterly source data differ, the
Estimates for 1989-2000," SURVEY 81 (July 2001): 30-36.
major differences are noted in the entry.

M-30




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP
Component
(billions of dollars)

Subcomponent
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)
Personal
consumption
expenditures

Durable and nondurable
goods:

($2,284.1 )l

($5,529.3)
Most goods (except subcomponents listed separately)
($1,930.1)

Benchmark years—Commodity-flow method, starting with
manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and
imports from Census Bureau foreign trade data.
Other years—Retail-control method, using retail sales from
Census Bureau annual survey of retail trade or, for most
recent year, monthly survey of retail trade.

Same as annual for other years.

New autos
($82.5)

Benchmark years—Commodity-flow method, starting with
manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and
imports from Census Bureau foreign trade data.
Other years—Physical quantity purchased times average retail
price: Unit sales, information to allocate sales among consumers and other purchasers, and average list price with
options, all from trade sources. Transportation charges,
dealer discounts, and rebates from the BLS monthly survey
of auto sales prices. Sales tax rate from Census Bureau
annual survey of retail trade.
Benchmark years—For net transactions, residual based on
net sales by other sectors. For dealers' margin, retail sales
from Census Bureau quinquennial census and margin rate
from Census Bureau annual survey of retail trade.
Other years except most recent—For net transactions, change
in consumer stock of autos from trade sources. For dealers' margin, for franchised dealers, unit sales and sales
price from trade sources, times margin rate for independent
dealers from Census Bureau annual survey of retail trade;
for independent dealers, margin from Census Bureau annual survey of retail trade.
Most recent year—For net transactions, same as other years
except most recent. For dealers' margin, for franchised
dealers, unit sales and sales price from trade sources; for
independent dealers, sales from Census Bureau monthly
survey of retail trade.
Benchmark years—Commodity-flow method, starting with
manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and
imports from Census Bureau foreign trade data.
Other years except most recent—Abbreviated commodity-flow
method, starting with manufacturers' shipments from Census Bureau annual survey and including an adjustment for
exports and imports from Census Bureau foreign trade
data.
Most recent year—Physical quantity purchased times average
retail price: Unit sales, information to allocate sales among
consumers and other purchasers, and average list price, all
from trade sources.

Same as annual for other years.

Net purchases of used
autos
($53.1)

New trucks
($73.1)

For net transactions, residual based
on net sales by other sectors. For
dealers' margin, judgmental trend.

Same as annual for most recent year.

See the footnotes at the end of the table.




M-31

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Personal
consumption
expendituresContinued

Durable and nondurable
goods—Continued:
Gasoline and oil2
($128.1)

Benchmark years—Physical quantity purchased times average Same as annual for most recent year.
retail price: Gallons consumed from the Department of
Transportation; information to allocate that total among consumers and other purchasers from Federal agencies and
trade sources; average retail price from Census Bureau
quinquennial census.
Other years except most recent—Same as benchmark years,
except average retail price from the Energy Information Administration.
Most recent year—Physical quantity purchased times average
retail price: Gallons consumed and average price from the
Energy Information Administration.

Food furnished to employees (including military)
($8.5)

Benchmark years—For commercial employees, number of em- For commercial employees, same as
ployees of relevant industries from BLS tabulations times
annual for other years; for military
BEA estimate of per capita expenditures for food; for milipersonnel, judgmental trend.
tary personnel, outlays from the Budget of the United
States prepared by the Office of Management and Budget.
Other years—Same as benchmark years, except per capita
expenditures for food based on BLS consumer price index
for food.
Judgmental trend.
Estimated as part of the international transactions accounts;
see entry for "exports and imports of services, net," under
net exports of goods and services.

Expenditures abroad by
U.S. residents ($2.9)
less personalremittances
in kind to nonresidents
($1.6)
Services:
($3,245.2)
Nonfarm dwellings—space
rent for owner-occupied
and rent for tenant-occupied
($771.6)

Rental value of farm dwellings
($6.4)

See the footnotes at the end of the table.

M-32



Benchmark years—Based on data on housing stock and average annual rent from Census Bureau decennial census of
housing and survey of residential finance, adjusted for utilities included in rent.
Other years—Based on data on housing stock and average
annual rent from Census Bureau biennial housing survey or
on the number of housing units from Census Bureau
monthly current population survey and BLS consumer price
index for rent.
Benchmark years—Based on data on housing stock and average annual rent from Census Bureau decennial census of
housing and survey of residential finance.
Other years—Based on data on current cost of farm housing
stock from BEA capital stock series.

For housing stock, judgmental trend;
for average rent, BLS consumer
price index for rent.

Judgmental trend.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other final or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Personal
consumption
expendituresContinued

Services—Continued:

Motor vehicle repair, rental
and other services; other
repair services; other
purchased intercity transportation; legal and funeral services; barbershops, beauty parlors,
and health clubs; nursing
homes; laundries; employment agency fees;
accounting and tax return preparation services; recreation (except
cable TV, casino gambling, parimutuel net receipts, lotteries, and
computer online services); hotels and motels;
commercial business,
trade, and correspondence schools; educational services not
elsewhere classified; research organizations and
foundations
($503.4)

Benchmark years—Receipts and expenses from Census Bureau quinquennial census adjusted for receipts from business and governments.
Other years—Receipts for spectator sports from trade
sources; for educational services not elsewhere classified
and foundations, from BLS annual tabulations of wages
and salaries of employees covered by State unemployment
insurance; for others in this group, receipts and expenses
from Census Bureau service annual survey.

For nursing homes, research organizations and foundations, employment agency fees, and clubs and
fraternal organizations, wages and
salaries derived from BLS monthly
employment times earnings times
hours; for commercial business,
trade, and correspondence schools,
and for educational services not
elsewhere classified, employment
times BLS consumer price index
for technical and business school
tuition and fees; for legitimate theaters and motion pictures, receipts
from trade sources; for radio and
TV repair, number of TV's based
on stock and sales from trade
source times BLS consumer price
index for video and audio; for hotels and motels, rooms rented
times average price per room from
trade source; for others in this
group, judgmental trend.

Physicians, dentists, and
other professional medical services
($386.5)

Benchmark years—For nonprofit professional services, expenses, and for others in this group, receipts, adjusted for
government consumption, all from Census Bureau quinquennial census.
Other years—Receipts and expenses, adjusted for government consumption, from Census Bureau service annual
survey.

For physicians and dentists,
judgmental trend; for other professional medical services, wages and
salaries derived from BLS monthly
employment times earnings times
hours.

Private nursery schools, elementary and secondary
schools, day care, welfare activities, political
organizations, foundations, and trade unions
and professional associations
($150.8)

Benchmark years—For religious-affiliated schools, enrollment
from the Department of Education times BEA estimate of
average expenditures per pupil; for nursery schools and
day care, expenditures from BLS consumer expenditure
survey; for others in this group, receipts and expenses
from Census Bureau quinquennial census.
Other years except most recent—For nursery schools and day
care, same as benchmark years; for others in this group,
from BLS annual tabulations of wages and salaries of employees covered by State unemployment insurance.
Most recent year—For nursery schools and day care,
judgmental trend; for others in this group, from BLS annual
tabulations of wages and salaries of employees covered by
State unemployment insurance.

For political organizations and foundations, judgmental trend; for elementary and secondary schools, employment times BLS consumer
price index for all items; for others
in this group, wages and salaries
derived from BLS monthly employment times earnings times hours.

See the footnotes at the end of the table.




M-33

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Personal
consumption
expenditures—
Continued

Services—Continued:

Financial services furnished
without payment by
banks, credit agencies,
and investment companies3
($204.2)

See entry for "imputed—banks, credit agencies, and investment companies" under net interest.

Judgmental trend.

Brokerage charges and investment counseling,
bank service charges,
intercity transportation
except other, and private
higher education
($167.2)

Years except most recent—For private higher education, expenses, and for others in this group, receipts, all from annual reports of government administrative agencies.
Most recent year—For brokerage charges, bank service
charges, and intercity transportation, receipts from annual
reports of government administrative agencies; for private
higher education, enrollment from the Department of Education times price index for higher education from trade
source.

For stock brokerage charges, stock
exchange transactions from trade
sources; for income from sales of
investment company securities,
sales of open-end investment company shares from trade source; for
other brokerage charges and investment counseling and for bank
service charges, judgmental trend;
for intercity transportation, receipts
from trade sources; for private
higher education, employment
times BLS consumer price index
for all items.

Domestic service
($13.9)

Benchmark years—For cleaning services, receipts from Census Bureau quinquennial census; for other domestic services, number of workers times weekly hours times earnings
from BLS.
Other years—Number of workers times weekly hours times
earnings from BLS.
Years except most recent—For lotteries, net receipts from
Census Bureau quinquennial census and annual surveys of
State and local governments, adjusted to a calendar year
basis from a fiscal year basis; for others in this group, receipts from the same sources.
Most recent year—Judgmental trend.

Judgmental trend.

Public higher education and
hospitals, water and
other sanitary services,
and lotteries
($165.8)

See the footnotes at the end of the table.

M-34



Same as annual for most recent year.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Personal
consumption
expendituresContinued




Services—Continued:

Insurance, private hospitals,
religious activities, cable
TV, electricity, natural
gas, telephone, and local
transport
($770.0)

Foreign travel by U.S. residents ($63.6) less expenditures in the United
Statesby nonresidents
($86.7)

Benchmark years—For life insurance, expenses from trade
sources; for medical and hospitalization insurance, premiums and benefits from the Health Care Financing Administration; for other insurance, premiums and benefits from
trade sources; for private hospitals, receipts and expenses
from Census Bureau quinquennial census; for cable TV
and telephone, receipts from Census Bureau quinquennial
census; for religious activities, expenses based on contributions and membership from trade sources; for electricity
and gas, receipts from Energy Information Administration;
for local transport, receipts from trade source.
Years except most recent—For medical and hospitalization insurance, employer costs for health insurance from Department of Health and Human Services survey (third most recent year) and BLS employer costs for employee health insurance and wages and salaries from BLS annual tabulations of employees covered by State unemployment insurance (other years); for private hospitals, expenses from
trade source; for cable TV, receipts from Census Bureau
annual survey of communications services; for telephone,
receipts from the Federal Communications Commission; for
others in this group, same as benchmark years.
Most recent year—For life insurance, wages and salaries from
BLS annual tabulations of employees covered by State unemployment insurance; for medical and hospitalization insurance, same as years except most recent; for other insurance, judgmental trend; for private hospitals, expenses
of community hospitals from trade source; for religious activities, expenses based on population from the Census Bureau and per capita disposable personal income from BEA;
for local transport, passenger trips from trade source times
BLS consumer price index for intracity mass transit; for
electricity and natural gas, same as benchmark years; for
cable TV, receipts from trade sources; for telephone, receipts from company reports to the Securities and Exchange Commission and trade sources.
Estimated as part of the international transactions accounts;
see entry for "exports and imports of services, net," under
net exports of goods and services.

Various source data.
Other services: Casino
gambling; motor vehicle
leasing; parimutuel net
receipts; other housing
except hotels and motels; bridge, etc., tolls;
other household operation except repairs and
insurance; travel and entertainment card fees;
stenographic and reproduction services; money
orders and classified advertising; and computer
online services
($128.7)

For life insurance, hospitals, and religious activities, wages and salaries
derived from BLS monthly employment times earnings times hours;
for cable TV, number of cable TV
and direct broadcast satellite subscribers from trade sources; for
electricity and gas, projected quantities based on degree-day data
from the National Oceanic and Atmospheric Administration times
prices based on BLS consumer
price indexes for electricity and
gas; for cellular telephone, number
of subscribers from trade source
times BLS consumer price index
for cellular telephone service; for
others in this group, judgmental
trend.

Same as annual.

For casino gambling, receipts from
State agencies; for motor vehicle
leasing, number of leased vehicles
based on registrations and terms
from trade source, and lease payments based on new vehicle
prices, BEA depreciation schedules, and Federal Reserve Board
interest rates on new motor vehicle
loans; for others in this group,
judgmental trend.

M-35

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)-Continued
Fixed investment
($1,327.7)

Nonresidential structures:
($255.8)4
Utilities: Telecommunications
($12.3)

Value put in place from Census Bureau monthly construction
survey.

Same as annual.

Utilities: Other
($23.8)

Expenditures from Federal regulatory agencies and trade
sources.

Judgmental trend.

Mining exploration, shafts,
and wells
($30.1)

Benchmark years—Expenditures from Census Bureau quinquennial census.
Years except most recent—For petroleum and natural gas,
physical quantity times average price: Footage drilled and
cost per foot from trade sources; for other mining, expenditures from Census Bureau annual capital expenditure survey.
Most recent year—For petroleum and natural gas, physical
quantity times average price: Footage drilled and 1998 cost
per foot (from trade sources), extrapolated with BLS producer price index for oil and gas well drilling.

For petroleum and natural gas, same
as annual for most recent year; for
mining, judgmental trend.

Industrial buildings
($33.1)

Benchmark years, except 1992—Value put in place from Census Bureau monthly construction survey and improvements
from Department of Energy commercial buildings energy
consumption survey. For 1992, tabulations from Census
Bureau annual capital expenditure survey, adjusted for
undercoverage.
Other years—Value put in place from Census Bureau monthly
construction survey.

Same as annual for other years.

Other nonfarm buildings
and structures
($151.3)

Benchmark years—Value put in place from Census Bureau
monthly construction survey and improvements from Department of Energy commercial buildings energy consumption survey.
Other years—Value put in place from Census Bureau monthly
construction survey.
Expenditures for new construction from Department of Agriculture surveys.

Same as annual for other years.

Benchmark years—Commodity-flow method, starting with
manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and
imports from Census Bureau foreign trade data.
Other years—Abbreviated commodity-flow method, starting
with manufacturers' shipments from Census Bureau annual
survey or, for most recent year (except aircraft and trucks),
monthly survey of manufactures and including an adjustment for exports and imports from Census Bureau foreign
trade data. For aircraft, manufacturers' shipments from
Census Bureau current industrial report, adjusted for exports and imports. For trucks, domestic and North American imports, physical quantity purchased times average retail price: Unit sales, information to allocate sales among
business and other purchasers, and average list price, all
from trade sources; for truck trailers, shipments from Census Bureau current industrial report.

For trucks, see entry for "new trucks"
under personal consumption expenditures; for others in this group,
same as annual for other years but
with less detail.

Farm buildings
($3.8)

Value put in place from Census Bureau monthly construction survey.

Nonresidential equipment
and software:
($743.6)
Equipment, except autos
($584.7)

See the footnotes at the end of the table.

M-36



NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)-Continued
Fixed investmentContinued

Nonresidential equipment
and software—Continued:
New and used autos
($42.4)
Software
($116.5)

For new autos, see entry for "new autos" under personal consumption expenditures; for used autos, change in business
stock of autos at least 1 year old from trade source.

For new autos, same as annual; for
used autos, judgmental trend.

Benchmark years—For purchased software, commodity-flow
method, starting with industry receipts data from Census
Bureau quinquennial census and including an adjustment
for exports and imports based on Census Bureau foreign
trade data; for own-account software, production costs
based on BLS employment data and on Census Bureau
quinquennial census.
Other years—For purchased software, commodity-flow method, starting with industry receipts data from Census Bureau
service annual survey or, for most recent year, BLS annual
tabulations of wages and salaries of employees covered by
State unemployment insurance and including an adjustment
for exports and imports based on Census Bureau foreign
trade data; for own-account software, production costs
based on BLS employment data or, for most recent 2
years, private fixed investment in computers and peripheral
equipment.

For purchased software, BLS quarterly tabulations of wages and salaries of employees covered by State
unemployment insurance; for ownaccount software, same as annual
for most recent 2 years.

Value put in place based on phased housing starts and average construction cost from Census Bureau monthly construction survey.
Value put in place from Census Bureau monthly construction
survey.

Same as annual.

Residential investment:

($328.2)5

Permanent-site new singlefamily housing units
($163.2)
Permanent-site new multifamily housing units
($22.9)
Manufactured homes
($13.5)

Improvements
($80.8)
Brokers' commissions
($41.5)

Equipment
($7.9)
See the footnotes at the end of the table.




Benchmark years—See entry for "equipment, except autos"
under nonresidential equipment and software.
Other years—Physical quantity shipped times price: Shipments from trade source and average retail price from
Census Bureau monthly survey.
Expenditures by owner-occupants from BLS quarterly
consumer expenditure survey and by landlords from Census Bureau quarterly survey of landlords.
Physical quantity times price times BEA estimate of average
commission rate: Number of single-family houses sold and
mean sales price from Census Bureau monthly construction
survey and trade source.
See entry for "most goods" under personal consumption expenditures.

Same as annual.

Same as annual for other years.

Judgmental trend.

Same as annual.

Same as annual.

M-37

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Benchmark years—Inventories from Census Bureau quinquennial censuses revalued to current replacement cost, with information on the proportions of inventories reported using
different accounting methods, on the commodity composition of goods held in inventory, and on the turnover period,
all from Census Bureau quinquennial censuses and annual
surveys, combined with prices, largely based on BLS producer price indexes. (The difference between Census Bureau change in inventories and BEA change in private inventories is the IVA.)
Other years except most recent—Inventories from Census Bureau annual surveys, revalued as described above.
Most recent year—For retail auto dealers, quantities times average prices from trade sources; for all other, inventories
from Census Bureau monthly surveys, revalued as described above.
Benchmark years—Mining and construction inventories from
Census Bureau quinquennial censuses revalued to current
replacement cost as described above for manufacturing
and trade.
Other years except most recent—Internal Revenue Service
tabulations of business tax returns, revalued as described
above.
Most recent year—Census Bureau quarterly survey of mining
corporations, monthly physical quantities from the Energy
Information Administration combined with BLS producer
price indexes for electric utilities, and for all others,
judgmental trend, revalued as described above (except
when noted as physical quantity times price).

Same as annual for most recent year.

Farm
($2.9)

Changes in physical quantities times current prices from Department of Agriculture surveys.

For crops, BEA quarterly allocation of
Department of Agriculture annual
projections of crop output and cash
receipts; for livestock, Department
of Agriculture quarterly data.

Exports and imports of
goods, net
(-$196.2)

Estimated as part of the international transactions accounts:
Export and import documents compiled monthly by the
Census Bureau with adjustments by BEA for coverage and
valuation to convert the data to a balance-of-payments
basis. Adjusted for the balance-of-payments coverage of
U.S. territories and Puerto Rico with data from the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and the
Census Bureau, and coverage of gold transactions adjusted with data from the U.S. Geological Survey and trade
sources.

For territorial adjustment and coverage of gold, judgmental trend; for
all others, same as annual.

Exports and imports of
services, net
($106.8)

Change in private
inventories
($62.9)

Estimated as part of the international transactions accounts:
For government transactions, reports by Federal agencies
on their purchases and sales abroad; for most others in
this group (including travel, passenger fares, other transportation, and royalties and license fees), BEA quarterly or annual surveys (supplemented with data from other sources).
Adjusted for the balance-of-payments coverage of U.S. territories and Puerto Rico, see entry above; adjusted to include financial services furnished without payment, see
entry for "imputed—banks, credit agencies, and investment
companies" under net interest, and adjusted for NIPA treatment of military grants.

For territorial adjustment, judgmental
trend; for all others, same as annual.

Manufacturing and trade
($51.2)

Other nonfarm industries
($8.7)

Net exports of
goods and
services
(-$89.3)

See the footnotes at the end of the table.

M-38



For electric utilities, same as annual
for most recent year; for all others,
judgmental trend.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Federal national defense
consumption of general
government fixed capital
($62.8)

Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.

Federal national defense,
except consumption of
general government
fixed capital
($289.8)

Within a control total established by fiscal year analysis: For
For components of compensation,
compensation, military wages from the Budget of the Unitemployment from the Department
ed States prepared by the Office of Management and
of Defense (military) and the BLS
Budget, civilian wages and benefits from the Office of Per(civilian); for other than compensasonnel Management, and other labor income for Federal
tion, same as annual; for software,
employee retirement plans from outlays from the Monthly
see entry for "software" under nonTreasury Statement, for other than compensation, by type,
residential equipment and software.
based mainly on data from Department of Defense reports;
for software, see entry for "software" under nonresidential
equipment and software.

Federal nondefense consumption of general government fixed capital
($19.4)

Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.

Federal nondefense, except
consumption of general
government fixed capital
($166.2)

Government
consumption
expenditures and
gross investment
($1,487.9)

Within a control total established by fiscal year analysis: For
For components of compensation,
Commodity Credit Corporation inventory change, book valemployment from the BLS; for softues of acquisitions and physical quantities of dispositions
ware, see entry for "software"
from agency reports times average market prices from the
under nonresidential equipment and
Department of Agriculture; for compensation, civilian wages
software; for other than compensaand benefits from the Office of Personnel Management and
tion and software, same as annual.
other labor income for Federal employee retirement plans
from outlays from the Monthly Treasury Statement, for petroleum sales (Naval Petroleum Reserve), distribution and
price data from the Department of Energy; for research and
development, obligations from the National Science Foundation and disbursements from the National Aeronautics
and Space Administration; for construction, value put in
place from Census Bureau monthly construction survey; for
software, see entry for "software" under nonresidential
equipment and software; for all others, outlays from the
Monthly Treasury Statement.
For financial services furnished without payment, see entry for
"imputed—banks, credit agencies, and investment companies" under net interest.
For wages and salaries, BLS annual tabulations of wages and For wages and salaries, derived from
salaries of employees covered by State unemployment inBLS monthly employment times
surance; for employer contributions for social insurance,
earnings from BLS employment
tabulations from the Social Security Administration and
cost index; for other compensation,
judgmental trend.
other agencies administering social insurance programs; for
other labor income, trade sources, Health Care Financing
Administration, Census Bureau annual surveys of State and
local government retirement funds, adjusted to a calendar
year basis from a fiscal year basis and Census Bureau annual surveys of State and local governments, adjusted to a
calendar year basis from a fiscal year basis.

State and local compensation of general government employees, except
own-account investment
($569.8)

Same as annual.

Same as annual.

State and local structures
($139.3)

Value of construction put in place from Census Bureau
monthly construction survey.

Same as annual.

State and local software
($11.1)

See entry for "software" under nonresidential equipment and
software.

See entry for "software" under nonresidential equipment and software.

See the footnotes at the end oi the table.




M-39

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Subcomponent
(billions of dollars)

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Product side (GDP of $8,318.4 billion for 1997)—Continued
Government
consumption
expenditures and
gross
investmentContinued

State and local brokerage
charges and financial
services furnished without payment
($12.6)

See entries for "brokerage charges" and "financial services
furnished without payment" under personal consumption
expenditures for services.

See entries for "brokerage charges"
and "financial services furnished
without payment" under personal
consumption expenditures for services.

State and local consumption of general government fixed capital
($72.4)
State and local consumption expenditures and
gross investment, except
compensation, structures, software, brokerage charges and financial services furnished
without payment, and
consumption of fixed
capital
($144.5)

Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.

Same as annual.

Years except 3 most recent—Total expenditures from Census
Bureau quinquennial census and annual surveys of State
and local governments, selectively replaced with source
data that are more appropriate for the NIPA's and adjusted
as follows: For coverage; for netting and grossing differences; to a calendar year basis from a fiscal year basis;
for other timing differences; to exclude interest, subsidies,
net expenditures of government enterprises, and transfer
payments; and to exclude compensation and structures.
Three most recent years—Judgmental trend.

Judgmental trend.

Income side (Gross national income of $8,295.7 billion for 1997)
For most industries, BLS annual tabulations of wages and sal- For most industries, wages and salaaries of employees covered by State unemployment insurries derived from BLS monthly emance; for others, wages from a variety of sources (such as
ployment times earnings times
the Department of Agriculture for farms and the Railroad
hours; for others, judgmental trend.
Retirement Board for railroad transportation), adjusted for
understatement of income on tax returns and for coverage
differences.
For civilians, wages from the Office of Personnel Management; for military personnel, wages from the Budget of the
United States prepared by the Office of Management and
Budget.

Wage and salary accruals:
State and local governments
($487.1)

BLS annual tabulations of wages and salaries of employees
covered by State unemployment insurance.

Employer contributions for
social insurance
($289.9)

Tabulations from the Social Security Administration and other
agencies administering social insurance programs.

For Federal programs, BEA-derived
wages and salaries of employees
covered by the programs; for State
and local government programs,
judgmental trend.

Other labor income: Group
health insurance
($244.6)

($4,651.3)6

Wage and salary accruals:
Private industries
($3,221.7)

Wage and salary accruals:
Federal Government
($177.1)

Compensation of
employees

Years except 3 most recent—Total contributions from the
Health Care Financing Administration less employee contributions from the BLS consumer expenditure survey.
Third most recent year—Employer costs for health insurance
from Department of Health and Human Services survey.
Two most recent years—BLS employer costs for employee
health insurance and wages and salaries from annual tabulations of employees covered by State unemployment insurance.

Judgmental trend.

See the footnotes at the end of the table.

M-40



For civilians, employment from the
BLS and judgmental trend; for military personnel, employment from
the Department of Defense and
judgmental trend.
Derived from BLS monthly employment times earnings from BLS employment cost index.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Subcomponent
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Income side (Gross national income of $8,295.7 billion for 1997)—Continued
Other labor income: Government employee retirement plans
($110.0)

Years except most recent—For Federal plans, outlays from
the Monthly Treasury Statement, for State and local government plans, Census Bureau annual surveys of State
and local government retirement funds, adjusted to a calendar year basis from a fiscal year basis.
Most recent year—For Federal plans, same as years except
most recent; for State and local government plans, Census
Bureau annual surveys of State retirement funds, adjusted
to a calendar year basis from a fiscal year basis.

For Federal plans, same as annual
for most recent year; for State and
local government plans, judgmental
trend.

Other labor income: Private
pension and profit-shar-

Years except 2 most recent—Tabulations from the Department of Labor.
Two most recent years—Employer costs for employee compensation from the BLS or Internal Revenue Service tabulations of business tax returns.
Years except most recent—Employer contributions from trade
sources and contributions for self-insured plans from the
Social Security Administration.
Most recent year—Judgmental trend.
Years except most recent—Group premiums and estimates of
employer share from trade sources.
Most recent year-Judgmental trend.

Judgmental trend.

Farm income with IVA
($37.5)

Department of Agriculture data on net income, obtained by
deriving gross income (cash receipts from marketing, inventory change, government payments, other cash income,
and nonmoney income) and subtracting production expenses, adjusted to exclude corporate income based on
Department of Agriculture quinquennial census and annual
survey data.

For crops, BEA quarterly allocation of
Department of Agriculture annual
projections of crop output; for livestock, Department of Agriculture
quarterly projections of cash receipts and inventories; for both
crops and livestock, quarterly allocation of Department of Agriculture
annual projections of government
subsidy payments and production
expenses.

Farm CCAdj
(-$7.8)
Nonfarm income
($507.2)

Compensation of
employeesContinued

See entry for "CCAdj" under consumption of fixed capital.

ing
($68.0)
Other labor income: Workers' compensation
($37.1)
Other labor income: Group
life insurance
($10.8)
Proprietors' income
with IVA and
CCAdj
($581.2)

Nonfarm IVA
($-7)
Nonfarm CCAdj
($43.6)

Judgmental trend.

Judgmental trend.

Years except most recent—Income from Internal Revenue
Same as annual for most recent year.
Service tabulations of business tax returns, adjusted for understatement of income on tax returns and for conceptual
differences.
Most recent year—For construction, trade, and services, indicators of activity (such as value of housing put in place);
for most others, judgmental trend.
See entry for "IVA" under corporate profits with IVA and
CCAdj.
See entry for "CCAdj" under consumption of fixed capital.

See the footnotes at the end of the table.




M-41

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Subcomponent
(billions of dollars)

Component
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Income side (Gross national income of $8,295.7 billion for 1997)—Continued
Rental income of
persons with
CCAdj
($128.3)

Owner-occupied nonfarm
housing
($110.6)

Benchmark years—Derived as space rent (see entry for "nonfarm dwellings" under personal consumption expenditures)
less related expenses, including property insurance from
trade source; mortgage interest and property taxes from
Census Bureau decennial survey of residential finance.
Other years—Same as benchmark years, except mortgage interest, based on mortgage debt from the Federal Reserve
Board times a BEA interest rate, and property taxes from
Census Bureau annual surveys of State and local tax collections.

For owner-occupied space rent, same
as annual; for depreciation, interest, closing costs, real estate dealers' commissions, and taxes, based
on NIPA estimates of those components; for other expenses,
judgmental trend.

Tenant-occupied nonfarm
housing
($47.9)

Same as owner-occupied nonfarm housing, adjusted to cover
only rental income accruing to persons not primarily engaged in the real estate business from Census Bureau decennial survey of residential finance.

Same as annual.

Farms owned by nonoperator landlords
($6.5)
Nonfarm nonresidential
properties
($2.0)

Prepared in conjunction with farm proprietors' income; see
entry for "farm income with IVA" under proprietors' income
with IVA and CCAdj.

Judgmental trend.

Benchmark years—Nonfarm nonresidential fixed assets from
BEA capital stock series times a rate of return on capital
based on Internal Revenue Service tabulations of business
tax returns.
Other years—BEA capital stock series and judgmental trend.

Judgmental trend.

Years except most recent—Internal Revenue Service tabulations of royalties reported on individual income tax returns.
Most recent year—Judgmental trend.
See entry for "CCAdj" under consumption of fixed capital.

Judgmental trend.

Years except most recent—Receipts less deductions from Internal Revenue Service tabulations of business tax returns,
adjusted for understatement of income on tax returns and
for conceptual differences.
Most recent year—Profits from Census Bureau quarterly survey of corporate profits, regulatory agency reports, and
compilations of publicly available corporate financial statements.
Estimated as part of the international transactions accounts:
For direct investment income, BEA surveys; for portfolio income, Treasury Department surveys. Adjusted for NIPA
coverage of U.S. territories and Puerto Rico—see entry for
"exports and imports of goods, net," under net exports of
goods and services.

For some industries in transportation
and in finance, judgmental trend;
for others, same as annual for
most recent year. (Released at
time of preliminary estimate of
GDP for the first, second, and third
quarters and of final estimate for
the fourth quarter.)

Royalties
($11.4)
CCAdj
(-$50.0)
Corporate profits
with IVA and
CCAdj
($833.8)

Domestic profits before tax
($681.7)

Rest-of-the-world profits before tax
($110.7)

IVA
($8.4)

The IVA on the income side (for corporations and for nonfarm
sole proprietorships and partnerships) and the IVA on the
product side (described under the entry for "change in private inventories") differ because the source data reflect different proportions of inventories reported using different accounting methods (last-in, first-out (LIFO), etc.). The income-side IVA is based on the product-side IVA, adjusted
by the relationship between non-LIFO inventories from Internal Revenue Service tabulations of business tax returns
and non-LIFO inventories from the Census Bureau.

CCAdj
($32.9)

See entry for "CCAdj" under consumption of fixed capital.

See the footnotes at the end of the table.

M-42



Same as annual. (Released on same
schedule as domestic profits before
tax.)

Same as annual.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Subcomponent
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Income side (Gross national income of $8,295.7 billion for 1997)—Continued

($423.9)

Domestic monetary, net
($124.5)

Years except most recent—For farm interest paid, Department
of Agriculture surveys; for residential mortgage interest
paid, Census Bureau decennial survey of residential finance and mortgage debt from the Federal Reserve Board
times a BEA interest rate; for most other interest paid and
received by business, Internal Revenue Service tabulations
of business tax returns, adjusted for misreporting on tax returns and for conceptual differences.
Most recent year—For farm and mortgage interest paid, same
as other years; for other interest, interest receipts and payments from regulatory agencies (such as the Federal Deposit Insurance Corporation), from trade sources, or obtained by applying BEA interest rates to interest-bearing
assets/liabilities from Federal Reserve Board flow-of-funds
accounts.

Derived by combining estimates of (1)
interest received by persons, (2)
government interest paid and received, and (3) interest paid by
persons. For (1), judgmental trend;
for (2), Monthly Treasury Statement
for Federal and judgmental trend
for State and local; for (3),
consumer debt from the Federal
Reserve Board times BEA estimates of interest rates. (Released
on same schedule as domestic
profits before tax.)

Rest-of-the-world monetary,
net
(-$81.4)

Net interest

Estimated as part of the international transactions accounts:
For direct investment income, BEA surveys; for portfolio income, Treasury Department surveys. Adjusted for NIPA
coverage of U.S. territories and Puerto Rico—see entry for
"exports and imports of goods, net," under net exports of
goods and services.
Property income earned on investment of deposits less monetary interest paid to depositors (and for mutual depositories,
profits from Internal Revenue Service tabulations of business tax returns) from annual reports of regulatory agencies and the Federal Reserve Board. Imputed interest (financial services furnished without payment) is allocated to
persons, government, and the rest of the world on the
basis of deposit liabilities from the same sources.

Same as annual. (Released on same
schedule as domestic profits before
tax.)

Judgmental trend.

Property income earned and profits from Internal Revenue
Service tabulations of business tax returns, trade sources,
and the Federal Reserve Board.

Judgmental trend. (Released on same
schedule as domestic profits before
tax.)

Payments to persons: For charitable contributions, for years
except most recent, Internal Revenue Service tabulations of
business tax returns or, for most recent year, judgmental
trend; for other components (such as liability payments for
personal injury), for years except most recent, information
from government agency reports and trade sources or, for
most recent year, judgmental trend. Payments to the rest
of the world: Estimated as part of the international transactions accounts.

Judgmental trend.

Imputed—banks, credit
agencies, and investment companies
($214.8)

Imputed—life insurance
carriers
($166.0)
Business transfer
payments

($36.8)

Federal Government
($93.7)

For excise taxes, collections from the Bureau of Alcohol, ToFor customs duties, Monthly Treasury
bacco, and Firearms and the Internal Revenue Service; for
Statement, for most excise taxes,
customs duties, receipts from the Monthly Treasury Statederived from indicators of activity
ment and for nontaxes (such as fines), receipts from the
(such as gasoline production for
Budget of the United States prepared by the Office of Mangasoline tax); for others in this
agement and Budget.
group, judgmental trend.

State and local governments
($552.5)

Indirect business tax
and nontax
liability

Receipts from Census Bureau quinquennial census and annual surveys, adjusted to a calendar year basis from a fiscal year basis.

($646.2)

Judgmental trend.

See the footnotes at the end of the table.




M-43

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued
Component
(billions of dollars)

Subcomponent
(billions of dollars)

Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare
an extrapolator or interpolator

Advance quarterly estimates:
Source data and methods used to
prepare an extrapolator

Income side (Gross national income of $8,295.7 billion for 1997)—Continued

Consumption of
fixed capital
($1,013.3)

Federal Government
($31.5)

For subsidies, payments by the Commodity Credit Corporation
from agency reports and, for most other agencies, outlays
from the Monthly Treasury Statement, for current surplus,
mainly reports of various agencies, such as the Postal
Service, and consumption of fixed capital estimates derived
with perpetual-inventory calculations at current cost, based
on gross investment and on investment prices.

For subsidies, Commodity Credit Corporation reports and judgmental
trend; for current surplus,
judgmental trend and consumption
of fixed capital estimates derived
with perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.

State and local governments
(-$12.4)

Subsidies less
current surplus of
government
enterprises
($19.1)

For subsidies, limited to railroad, Census Bureau annual surveys of expenditures, adjusted to a calendar year basis
from a fiscal year basis. For current surplus: For current
operating receipts, mainly revenue data from Census Bureau annual surveys of State and local governments, adjusted to a calendar year basis from a fiscal year basis; for
current operating expenditures, see entries for "State and
local consumption of general government fixed capital" and
"State and local consumption expenditures and gross investment, except compensation, structures, software, brokerage charges and financial services furnished without
payment, and consumption of fixed capital" under Government consumption expenditures and gross investment.

Judgmental trend.

Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.
Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.

Same as annual.

Perpetual-inventory calculations at current cost, based on
gross investment and on investment prices.
Years except most recent—For depreciation of corporations
and of nonfarm sole proprietorships and partnerships, Internal Revenue Service tabulations of business tax returns,
adjusted for conceptual differences; for other depreciation
(including noncorporate farms, nonprofit institutions, and
owner-occupied houses), perpetual-inventory calculations;
for accidental damage to fixed capital, losses reported to
insurance companies and government agencies.
Most recent year—For depreciation of corporations and nonfarm sole proprietorships and partnerships, BEA estimates
of tax-return-based depreciation; for other depreciation and
accidental damage to fixed capital, same as other years.

Same as annual.

Government:
($180.9)
General government
($154.6)
Government enterprise
($26.3)
Private:
($832.4)
Capital consumption allowances
($844.5)

Less: CCAdj
($12.1)

For corporations and nonfarm sole proprietorships and partnerships, the difference between tax-return-based calculations and perpetual-inventory calculations; for others (including noncorporate farms, nonprofit institutions, and
owner-occupied houses), the difference between perpetualinventory calculations at historical cost and current cost.

1. Includes $7.4 billion for food produced and consumed on farms.standard clothing issued to
military personnel, and used trucks.
2. The retail-control method cited under "personal consumption expenditures (PCE) for most
goods" is based on retail trade sales data that include sales of gasoline service stations. Estimates
of PCE for gasoline and oil are derived separately and are deducted from the retail-control totals
(that include goods sold by gasoline service stations) to derive the estimates for "PCE for most
goods."
3. Also referred to as "services furnished without payment by financial intermediaries, except life
insurance carriers."
4. Includes $1.5 billion for brokers' commissions on sale of structures and net purchases of used
structures.

M-44



Same as annual.

Judgmental trend.

Judgmental trend.

5. Includes -$1.5 billion for other structures (dormitories.fratemity and sorority houses, nurses'
homes, etc.) and net purchases of used structures.
6. Includes -$4.9 billion for wage and salary accruals: Rest ofthe world, net, and $4.9 billion
for other labor income: Supplemental unemployment, directors' fees, and judicial fees.
BLS Bureau of Labor Statistics
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
NIPA National income and product account
Source: 1997 estimates—SURVEY OF CURRENT BUSINESS, August 2000.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP
Deflation, using price based on—
Component

Personal
consumption
expenditures

Subcomponent

Components of
CPI or PPI

Other

Using quantity for—
Extrapolation

Direct valuation

Durable and nondurable
goods:
Most goods (except subcomponents listed separately).
New autos
Net purchases of used
autos.

New trucks
Gasoline and oil
Food furnished to employees (including military).

Except as noted,
CPI; military
clothing, PPI
CPI
Used autos, in two
parts: (1) Margin,
unit sales from
trade sources with
dealers' margins
from Census Bureau and trade
sources; (2) net
transactions, net
change in unit
stock of autos held
by consumers by
year of original
sale, valued by depreciated original
value in base-year
dollars.
CPI
CPI
CPI
Foreign consumer price indexes (exchange-rate adjusted).

Expenditures abroad by
U.S. residents less personal remittances in kind
to nonresidents.
Services:
Nonfarm dwellings—space
rent for owner-occupied
and rent for tenant-occupied.
Rental value of farm dwellings.

CPI

BEA value of farm housing stock derived from
Department of Agriculture data on capital
expenditures, depreciation, and farm dwelling
construction costs.

See the footnotes at the end of the table.




M-45

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.-—Methodology Used in Preparing Estimates of Real
Deflation, using price based orv—
Component

Personal
consumption
expendituresContinued

Subcomponent

Components of
CPI or PPI

Other

GDP—Continued
Using quantity for—
Extrapolation

Services—Continued:

Motor vehicle repair, rental
and other services; other
repair services; other
purchased intercity transportation; legal and funeral services; barbershops, beauty parlors,
and health clubs; nursing
homes; laundries; employment agency fees;
accounting and tax return
preparation services;
recreation (except cable
TV, casino gambling,
parimutuel net receipts,
lotteries, and computer
online services); hotels
and motels; commercial
business, trade, and correspondence schools;
educational services not
elsewhere classified; research organizations and
foundations.
Physicians, dentists, and
other professional medical services.

Except as noted,
CPI; private
for-profit nursing homes and
employment
agency fees,

PPI

Private nonprofit nursing
homes, composite index of
input prices from the
Health Care Financing Administration; clubs and fraternal organizations, and
nonprofit research and
foundation expenses, BEA
composite indexes of input
prices.

Except as noted,
CPI; physicians, home
health care,
and medical
laboratories,

PPI
Private nursery schools, elementary and secondary
schools, day care, welfare activities, political organizations, foundations,
and trade unions and
professional associations.
Financial services furnished
without payment by
banks, credit agencies,
and investment companies.1

See the footnotes at the end of the table.

M-46




BEA composite indexes of
input prices.

Investment companies "total
deductions," BEA composite index of input prices.

Banks, BLS index of total
output (less BEA real
bank service charges);
credit agencies, paid
employee hours of relevant financial institutions; investment companies "implicit
charges," BEA orders
derived from volume
data from trade
sources.

Direct valuation

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued
Deflation, using price based on—
Component

Personal
consumption
expenditures—
Continued

Subcomponent

Components of
CPI or PPI

Other

Extrapolation

Airline transportation, BEA
index based on revenue
per passenger mile from
the Department of Transportation and trade source,
and CPI for airline fares;
private higher education,
BEA composite index of
input prices.

Stock brokerage charges,
BEA orders, derived
from volume data from
the Securities and Exchange Commission
and trade sources; mutual fund sales charges,
value of new sales deflated by CPI.

Auto insurance, premiums
deflated by CPI; health
insurance, benefits deflated by CPI.

Direct valuation

Services—Continued:

Brokerage charges and investment counseling,
bank service charges,
intercity transportation
except other, and private
higher education.

Except as noted,

Domestic services

CPI

Public education and hospitals, water and other
sanitary services, and
lotteries.

Except as noted,
CPI; public
hospitals, PPI

Insurance, private hospitals,
religious activities, cable
TV, electricity, natural
gas, telephone, and local
transport.

Except as noted,
CPI; private
for-profit hospitals, PPI

Life insurance and religious
activities, BEA composite
indexes of input prices;
private nonprofit hospitals,
composite index of input
prices from the Health
Care Financing Administration.

Foreign travel by U.S. residents less expenditures
in the United States by
nonresidents.
Other services: Casino
gambling; motor vehicle
leasing; parimutuel net
receipts; other housing
except hotels and motels; bridge, etc., tolls;
other household operation except repairs and
insurance; travel and entertainment card fees;
stenographic and reproduction services; money
orders and classified advertising; and computer
online services.
Fixed investment

Using quantity for—

Expenditures in
the United
States, CPI

Foreign travel, BEA composite index of foreign
consumer price indexes
(exchange-rate adjusted).
Auto and truck leasing, BEA
index based on CPI's for
new vehicles and Federal
Reserve Board interest
rates on new-car loans by
auto finance companies.

CPI

Except as noted,

CPI

Parimutuel net receipts,
gross winnings deflated
by CPI.

Nonresidential structures:
Utilities

Gas and petroleum pipelines,

PPI

Mining exploration, shafts,
and wells.

Casing, oil and
gas well drilling, oil and
gas field services, and geophysical exploration, PPI

Telecommunications, cost
index from trade source;
railroads, BEA price index;
other, cost indexes from
government agencies and
trade sources.
Mines, implicit price deflator
for nonfarm nonresidential
buildings.

Drilling, footage by geographic area from trade
source.

See the footnotes at the end of the table.




M-47

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued
Deflation, using price based on—
Component

Subcomponent

C

t

f

CPI or PPI
Fixed investmentContinued

Other

Using quantity for—
Extrapolation

Direct valuation

Nonresidential structures—Continued:
Nonfarm buildinas and
structures.

Buildings, BEA index based
on cost index from trade
source and on Census
Bureau price deflator for
single-family houses under
construction; structures,
cost indexes from government agencies.

Farm buildings

Implicit price deflator for nonfarm nonresidential buildings.

I

»V

i l l

Ml

I I I

N^ V*

1 1 W"

III

N^V/

Wl

•

V»

Nonresidential equipment
and software:
Equipment, except autos,
telephone and telegraph
installation, and telephone switching equipment.

Domestic components, except
as noted, PPI;
imported transportation
equipment,

Software

Prepackaged
software, PPI

New and used autos

New autos, CPI

Imported components, except
transportation equipment,
BLS import price indexes.

PPI
Own-account and custom
software, BEA cost index,
BLS employment cost
index, and PPI.
Used autos, in two
parts: (1) Margin,
unit sales from
trade sources with
dealers' margins
from Census Bureau and trade
sources; (2) net
transactions, net
change in unit
stock of autos held
by business by
year of original
sale, valued by depreciated original
value in base-year
dollars.

Teleohone and telearaoh installation.

BEA cost index.

Telephone switchina eauioment.

BEA price index.

Residential investment:
Permanent-site new singlefamily housing units.

Census Bureau price deflator
for single-family houses
under construction.

Permanent-site new multifamily housing units.

BEA price index.

Manufactured homes
See the footnotes at the end of the table.

M-48




...

PPI

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued
Deflation, using price based on—
Component

Fixed investmentContinued

Subcomponent

Components of
CPI or PPI

Direct valuation

Major replacements, BEA
composite index of input
prices; additions and alterations, BEA index based
on Census Bureau price
deflator for single-family
houses under construction
and BEA index for major
replacements.

PPI
CPI

Brokers' commissions
Equipment
Nonfarrrv Purchased aoods
all industries.

Except as noted,

Nonfarm: Work-in-process
and finished goods, manufacturing.

Except as noted,

• » \f I I I \Ai

lilt

•

W« I w l

I M W W \*

\£ W W

WJ

PPI

PPI

Exports and imports of
goods.2

Crude petroleum, composite
price from the Energy Information Administration;
imported goods purchased
by trade industries, BLS
import price indexes.

Quantities and orices
of stocks of coal,
petroleum, and natural gas for utilities
from the Energy Information Administration.

BEA indexes of unit labor
cost.
Department of Agriculture average market prices.

Farm
Net exports of
goods and
services2

Extrapolation

Residential investmentContinued:
Improvements

Chanae in private
inventories

Other

Using quantity for—

Gold; semiconductor exports, selected
transportation
equipment; selected agricultural foods,
feeds, and
beverages;
and selected
imports of refined petroleum, PPI

BLS export and import price
indexes; electric energy
exports and imports, and
petroleum imports, unitvalue indexes based on
Census Bureau values
and quantities.

See the footnotes at the end of the table.




M-49

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued
Deflation, ijsing price based o n Component

Net exports of
goods and
servicesContinued

Subcomponent

Exports and imports of
services.2

Components of
CPI or PPI
Travel receipts,
medical receipts, and
nonresident
students' expenditures,

CPI

Government
consumption
expenditures and
gross investment

Federal nondefense consumption of general government fixed capital.

See the footnotes at the end of the table.

M-50

Other

Extrapolation

Military transfers and direct
defense expenditures
abroad, selected deflators
for Federal national defense, except consumption
of fixed capital (see
below); passenger fares,
BLS export and import
price indexes; travel payments, U.S. Government
payments for miscellaneous services, and U.S.
students' expenditures
abroad, BEA composite
index of foreign consumer
price indexes (exchangerate adjusted); other transportation, BLS export and
import price indexes, and
PPI; royalties and fees,
and other private services,
BEA price indexes, CPI,
PPI, and implicit price
deflator for final sales to
domestic purchasers.

Exports of financial services furnished without
payment,1 BLS index of
total bank output (less
BEA real bank service
charges).

Federal national defense
consumption of general
government fixed capital.
Federal national defense,
except consumption of
general government fixed
capital.




Using quantity for—

Selected goods,
PPI; utilities
and communications, CPI
and PPI

Some goods, some services,
and most military structures, BEA indexes based
on Department of Defense
prices paid; some services, BLS monthly earnings; nonmilitary structures, cost indexes from
trade sources and government agencies; own-account software, BEA indexes derived from nondefense compensation;
custom software, BEA indexes derived from nondefense compensation
price index and PPI.

Military compensation, fulltime equivalent employment by rank and
length of service; civilian compensation, fulltime equivalent employment by grade, adjusted for change from
base year in hours
worked.

Direct valuation

Peroetual-inventorv
calculations based
on gross investment.
Many goods, some
services, and a few
military structures,
quantities and
prices from Department of Defense
reports; electricity
and natural gas
quantities from the
Department of Energy.

Perpetual-inventory
calculations based
on gross investment.

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued
Deflation, ijsing price based o n Component

Subcomponent

Federal nondefense, except
consumption of general
government fixed capital.

Government
consumption
expenditures and
gross
investmentContinued

Components of
CPI or PPI
Most goods, PPI;
rent, utilities,
and communications, CPI

Other

Extrapolation

Direct valuation

Structures, cost indexes from
trade sources and government agencies; most services, BLS monthly earnings; own-account software, BEA indexes derived from nondefense
compensation; custom
software, BEA indexes derived from nondefense
compensation price index
and PPI.

Compensation, full-time
equivalent employment
by grade, adjusted for
change from base year
in hours worked; financial services furnished
without payment,1 BLS
index of total bank output (less BEA real bank
service charges).

Net purchases of agricultural commodities by the Commodity Credit Corporation, quantities
by crop from agency reports and Department of Agriculture prices; selected petroleum
transactions, quantities and prices
from the Department of Energy.

Employees in education,
full-time equivalent employment by education
and experience, adjusted for change from
base year in hours
worked; other employees, full-time equivalent
employment, adjusted
for change from base
year in hours worked.

State and local comoensation of general government employees.
^ ^ I M K\f

^Al l \ ^

I V \SW4<

W

Using quantity for—

I I I ^^ W 1 • WVA

State and local structures

Cost indexes from trade
sources and government
agencies.

State and local software

See entrv for "software"
under nonresidential
equipment and software.

State and local brokeraae
charges and financial
services furnished without payment.

See entries for "brokerage
charges" and "financial
services furnished without payment" under
personal consumption
expenditures for services.
Peroetual-inventorv
calculations based
on gross investment.

State and local consumetion of general government fixed capital.
\/lMWv

*»*l Iwl

l^/W4'

•

W X i <WWI • f~

State and local consumption expenditures and
gross investment, except
compensation, structures,
software, brokerage
charges and financial
services furnished without payment, and consumption of fixed capital.

Services, except
as noted, CPI;
electricity, hospitals, most
professional
services, and
goods, except
as noted, PPI

l«t!

11 1 • v 1 1 W

1 J

Transportation, books, and
postal services, BEA indexes based on Department of Defense prices
paid; elementary and secondary education, welfare
and libraries, BEA composite indexes of input
prices; maintenance and
repair services, BEA composite price index for
State and local construction.

1. Also referred to as "services furnished without payment by financial intermediaries, except life
insurance carriers."
2. Estimates of real exports and imports of goods and services are prepared separately. Real
net receipts of income from the rest of the world—the difference between GDP and G N P - H S prepared by deflation using the implicit price deflator for final sales to domestic purchasers except
for imputed interest paid to nonresidents, which is prepared by extrapolation using BLS index of




W 1 hS\S I U

total bank output (less BEA real bank service charges).
BLS Bureau of Labor Statistics
CPI Consumer price index
PPI Producer price index

M-51




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

S. Summary Tables
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97
[Percent; Quarters seasonally adjusted at annual rates]
Line

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

-6.4

Gross domestic product

-13.0

-1.4

10.8

9.0

12.9

5.3

-3.5

8.1

-8.9

-55.1
-8.2
-6.4

-2.3
-1.9
-1.5
-5.2

7.0
15.5
8.6
3.7

6.2
22.1
6.0
3.1

10.2
22.7
11.7
5.0

3.7
5.4
3.6
3.5

-1.6
-18.3
1.4

-1.1

5.6
18.8
5.2
3.1

5.2
15.2
4.5
3.6

47.5
-11.6
-8.8
-22.3
2.4
-18.3

85.1
29.3
27.4
12.6
38.3
36.9

29.6
26.7
10.8
36.2
39.9

28.2
33.2
35.2
31.1
37.3
26.6

25.0
17.3
19.9
26.8
16.4
8.8

-33.9
-20.8
-26.7
-20.0
-30.3
.5

28.6
20.0
11.6
5.5
15.5
41.7

1941

8.5

1942

1943

1944

1945

18.4

16.5

8.2

-1.2

7.2
16.0
6.7
5.1

-2.4
-39.1
1.7
4.3

2.7
-12.5
3.3
5.2

2.9
-8.6
4.0
3.4

6.3
12.9
7.2
3.4

39.3
20.1
23.8
13.6
29.7
12.8

22.2
14.2
17.8
18.7
17.3
6.3

-47.2
-43.6
-41.1
-38.2
-42.6
^9.4

-41.0

-22.8
-16.4
-27.3
-10.1
-40.6

23.6
22.8
32.8
30.9
33.7
-13.9

36.9
40.6
34.8
43.3
17.6

7.5
7.3
7.8
4.6
3.7
5.8

41.5
50.1
15.1
6.3
-.3
14.5

1946
-11.1

Personal consumption expenditures
Durable goods
Nondurable goods
Services

-5.3
-17.6
-4.7
-2.5

-3.0
-14.5
-.5
5

Gross private domestic investment
Fixea investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-33.3
-23.4
-17.6
-14.4
-20.7
-39.2

-37.2
-30.6
-54.5
-35.6
-33.3
-16.4

-41.8
^0.1
-38.7
-41.4
-47.2

-17.3
-17.8
-13.0
-13.0
-15.7
-2.8

-16.9
-17.3
-13.7
-12.8
-12.7
-13.1

-21.7
-22.5
-17.1
-17.0
-19.2
-11.5

.5
-.5
6.5
4.2
12.3
-15.9

11.2
10.2
18.3
2.2
2.3
1.8

5.5
4.8
10.0
31.0
37.4
7.4

5.0
5.2
4.0
-1.2
-5.7
10.9

26.0
25.7
28.0
12.5
11.8
15.5

-1.0
1.6
-15.7
-52.3
-23.8
-16.5

5.6
5.5
6.1
5.0
8.9
-€.7

13.5
14.9
5.7
2.4
4.9
-5.9

2.7
2.5
3.4
22.9
18.1
41.9

-34.3
-38.6
-12.1

63.1

-16.6
-21.8
3.5
26.1
15.7
41.4

10.2

4.3

-3.3

-3.6

12.8

3.0

16.0

-3.6

7.5

9.1

1.5

66.1

134.7

49.1

12.8

-12.9

11.1
7.2
15.7
10.0

3.6
.5
7.0
4.5

1.9
.3
3.6
-4.5

22.9
-3.1
49.2

34.8
-11.0
63.5

5.1

52.5
19.0
67.1
-.4

-9.2
.7

10.2
4.1
12.4
5.7

7.8
9.6
7.2
10.1

8.1
72.8
-12.4
-5.0

165.5
442.6
-10.8
-6.1

207.0
264.9
-21.8
-8.9

58.6
63.4
-23.8

14.4
14.5
13.0
-4.4

-14.3
-14.1
-21.9
2.6

-73.0
-75.9
45.7

-10.4

2.1
21.4
-4.5
3.3

-6.8
-8.3
-6.5
-8.6
-6.4

-5.8
-6.2
-6.6

-11.4
-12.9
-11.2

-3.1
-1.3
-5.0

9.4
10.5
9.1

13.1
12.7
12.8

-1.5
^.4
-2.4

16.1
18.1
17.0

20.8
19.8
22.2

-.9
-1.9
-1.6

-13.8
-14.8
-17.5

-6.5
-3.4

-13.1
-13.4

-1.5

10.6
9.7

12.8
12.6

-3.4
-5.7

17.2
15.1

18.3
12.6

18.0
17.6
19.2
16.4
4.5

-1.3
-1.3

-11.0
-.7

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

-12.1
4

-9.2
-50.6

-8.8

32.1

12.3

90.1
5.5
9.5
153.7
82.2
44.6
97.5
20.5
321.2

117.7
131.0

66.9
-17.1
15.5
-52.2
-65.5

10.1

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97
[Quarters seasonally adjusted at annual rates]
Line

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

Percent change at annual rate:

-8.6

-6.4

-13.0

-1.4

10.8

9.0

12.9

5.3

-3.5

8.1

8.5

17.1

18.4

Personal consumption expenditures..
Durable goods
Nondurable goods
Services

-5.98
-1.55
-1.69
-.73

-2.33
-1.14
-.18
-1.00

-7.07
-1.79
-3.03
-2.24

-1.88
-.12
-.58
-1.18

5.69

4.82
1.40
2.45
.98

7.76
1.59
4.69
1.49

2.78
.41
1.41
.96

-1.20

4.47
1.27
2.19
1.00

3.78
1.10
1.70
.98

5.04
1.24
2.49
1.30

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment arid software
Residential
Change in private inventories

-5.23
-3.37
-1.86
-.76
-1.10
-1.51
-1.86

-4.32
-3.75
-3.33
-1.76
-1.57
-.42
-.57

-6.33
-5.84
-5.79
-1.31
-1.48
-1.05
-1.49

1.15

2.78
1.63
1.21
.24
.97
.41
1.15

4.51
1.90
1.35
.21
1.14
.56
2.61

253
2.52
2.04
.61
1.43
.48
.01

2.58
1.59
1.40
.63
.77
.19
1.00

-4.24
-2.20
-2.22
-.59
-1.62
.01
-2.04

2.48
1.83
.77
.15
.63

4.00
2.01
1.59
.33
1.26

1.05
.66

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-.31
-.97

-.22
-.77

-.20
-.82
-.72
-.09
.62
.50

.34
.41
.33
.08
-.08

.24
.19
.17
.02
.05
.13
-.08

.45
.94

.42
1.99
.51
.60
.56
.04
-.08

Gross domestic product

16.5

8.2

-1.2

-11.1

-133

1.52

-3.08
.61
.94

-.54
1.07
.99

1.48
-.30
1.19
.59

3.10
.40
2.12
.59

6.42
3.07
1.73
1.62

2.94
1.58
1.36
.48
.88
.22
1.36

-6.55

-2.59
-1.19
-.63
-.38
-.25
-.56

.75
.80

1.16
1.47
1.36
.38
.98
.11
-.30

733
449
2.10
1.43
.67
2.39
2.84

-.65
.13
.10
.02
-.78
-.48

-1.21

.68
.88
.80
.08
-.20
.01
-.20

3.82
3.25
2.87
.38
.57
-.27
.84

Percentage points at annual rates:

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




-.71
-.47
-.53
.06
-.24
1.86

-.12

.95
3.45
1.29

.12

.02
-.01
.03
-.14
-.28
.15

-.01

-.84
.21
.17
.05
-1.05
-1.00
-.05

.93

-.44

-.55

1.98

.47

.18
.06
.12
.75

.05
0
.04
-.48

.71
-.05
.76
-1.26

1.39
-.17
1.56
.59

.10
.27
-.16
.37

-.89
-.08
.66
.63
.03

-.06

-1.41
.53
-.31

-.12

-.05
.06
-.10
.94
.79
.15

.08
.26
.22
.04
-.19
-.24
.05

2.41

-.56

1.06

1.10

.24

2.45
.27
2.18
-.04

-.59
.01
-.60
.03

.57
.06

.10
.16

.53
1.14
-.62
-.29

.81
.14

-.49
-.37

.51
.49

-.06
1.00

-.13
.05

-4.76
-3.18
-.99
-2.20
-1.58
-1.78

-1.54

.90
.28
.62

-1.39

-.10
-.05

-1.20

.01

.15

-1.45
-.09
.33
.85
-.52

-.45
-.47
.02
-.75
-.27
-.48

-.08

9.81

27.67

18.71

6.00

-6.17

-28.66

10.33
10.74
-.41
-.52

28.28
28.88
-.60
-.61

19.19
19.62
-.43
-.48

6.14

-6.27
-6.02
-.26

-29.06
-29.50
.44
.40

-.29

.11
.04

-.15
-.07

6.00
.15

-.15

.10

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1957

1956

1959

1958

1960

1961

1962

1963

Gross domestic product

1

-0.7

4.3

-O.6

8.7

7.6

4.0

4.6

-0.7

7.1

2.0

2.0

-1.0

7.2

2.5

2.3

6.0

4.3

2.0
19.0
-2.7
5.0

2.2
6.6
.3
3.9

2.7
8.2
1.5
2.5

6.4
22.0
3.1
5.0

1.5
-6.9
2.6
4.8

3.2
-2.7
4.0
4.4

4.8
12.4
3.2
4.4

2.1
-.4
1.3
4.1

7.2
22.2
4.9
5.1

2.9
-4.0
3.4
5.1

2.5
.9
1.8
3.8

.8

Durable goods
Nondurable goods
Services

2
3
4
5

s.o
1.0
3.8

5.6
12.1
4.1
5.2

2.7
2.0
1.5
4.4

2.0
-3.8
1.8
4.1

4.9
11.7
3.1
4.9

4.1
9.7
2.1
4.5

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-3.6
204
16.5
-9.0
36.2
28.9

27.7
10.1
5.2
5.2
5.2
19.7

-23.7
-6.6
-9.2
-0.3
-12.4
-7.6

41.5
194
9.2
7.2
10.4
36.8

.3
-42
4.6
7.6
3.0
-16.3

-9.5
-1.8
-1.9
-.3
-2.8
-1.8

4.7
7.0
8.9
8.9
9.0
3.5

-4.6
1.6
-2.1
3.4
-6.5
8.3

24.4
13.0
11.1
7.2
13.7
16.2

-1.3
.4
5.8
10.5
2.8
-8.1

-4.3
-1.1
1.5
0
2.6
-6.1

-8.4
-7 3
-11.2
-6.0
-14.6
1.0

20.5
14.0
8.0
2.4
11.9
25.5

0
9
5.7
7.9
4.2
-7.1

-.7
-3
-.6
1.3
-1.9
.3

12.7
90
8.7
4.5
11.5
9.6

6.7
77
5.5
1.1
8.4
11.8

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services .

13
14
15
16
17
18
19

14.2
150
9.8
-50
-4.0
-80

-21.3
-22.6
-12.6
16.7
14.6
23.4

-1.0
-.6
-2.8
-3.5
-3.9
-2.4

-12.5
-136
-6.8
182
22.1
6.4

22.6
21.8
27.0
3.9
-5.0
27.2

-41
-5.2
-2.1
8.8
2.0
30.4

-6.7
-6.8
-6.1
94
5.8
18.1

4.9
5.7
1.3
-4.9
-7.7
1.1

10.6
10.5
11.1
12.1
11.6
12.9

16.6
17.3
13.5
8.1
8.9
6.5

8.7
7.9
12.4
4.2
2.9
6.9

-13.7
-15.2
-7.0
4.7
2.8
8.6

.9
-.7
7.4
10.5
17.4
-2.0

20.8
23.4
10.7
1.3
-1.6
7.8

1.7
.5
6.6
-.7
-.1
-1.7

5.4
4.4
9.0
113
14.8
47

7.5
7.9
6.4
2.7
4.0
-1

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
.
.
State and local

20

-14.6

7.1

11.7

36.1

21.0

7.0

-6.9

-3.7

.1

4.4

3.2

5.6

0

4.8

6.0

2.4

21
22
23
24

-25.7
-32.6
23.4
14.0

7.6
.5
37.8
6.3

9.3
4.5
24.3
15.2

-5.7
-1.7
-16.0
8.3

65.3
91.8
-15.0
.8

31.3
34.2
12.1
1.6

7.9
6.2
20.8
5.0

-13.2
-14.5
-4.9
8.7

-9.3
-9.8
-5.8
7.3

-1.7
-.7
-7.8
3.1

3.6
4.2
-.9
5.9

-.1
-.5
3.1
8.5

7.1
2.5
36.2
3.5

-3.0
-1.9
-8.1
4.4

3.9
4.1
2.7
6.1

8.3
5.9
20.7
3.0

-.3
-2.5
9.7
6.1

25
26
27

2.3
-1.8
1.2

1.8
6.8
4.2

2.3
-.7
2.3

5.8
10.2
7.2

7.0
6.8
6.2

5.5
4.6
6.1

4.9
5.3
5.6

.2
-1.1
-.2

5.5
7.1
5.6

2.3
1.6
1.9

2.6
1.8
2.3

-.8
-.1
.1

6.3
7.6
6.8

2.6
1.7
1.8

2.4
2.2
2.3

5.5
6.3
5.8

4.4
4.1
4.2

28
29

-.5
-3.6

4.4
5.3

-.6
.5

8.8
8.9

7.7
2.9

4.0
3.2

4.5
4.8

-.6
1.2

7.1
6.7

2.0
4.8

2.0
2.5

-1.1
.9

7.2
4.5

2.5
2.5

2.4
3.3

6.1
4.9

4.3
3.8

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

0

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

Percent change at annual rate:
1

-0.7

4.3

-0.6

8.7

7.6

4.0

4.6

-0.7

7.1

2.0

2.0

-1.0

7.2

2.5

2.3

6.0

4.3

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

1.32
1.33
-1.02
1.00

1.48
.55
.12
.81

1.77
.70
.54
.53

4.28
2.06
1.11
1.11

.98
-.93
.89
1.02

1.97
-.24
1.28
.92

2.94
1.00
1.00
.94

1.26
-.03
.39
.90

4.54
1.84
1.51
1.20

1.82
-.38
1.02
1.18

1.52
.08
.55
.89

.50
-.70
.28
.92

3.55
.97
1.25
1.33

1.71
.17
.44
1.10

1.27
-.31
.53
1.05

3.10
.89
.90
1.31

2.55
.77
59
1.20

Gross private domestic investment
Fixed investment .
.
Nonresidential
Structures
EouiDment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-.53
2.38
1.32
-32
1.64
106
-2.90

3.99
1.49
.51
.18
.33
.98
2.50

-4.22
-1.37
-.93
-.12
-.81
-44
-2.85

5.77
2.89
.86
.25
.61
203
2.88

.06
-.70
.44
.26
.18
-1.14
.75

-1.63
-.28
-.18
-.01
-.17
-10
-1.36

.70
.98
.80
.30
.49
.18
-.28

-.68
.23
-.19
.12
-.32
.42
-.91

3.45
1.91
1.01
.26
.75
.90
1.54

-.22
.07
.55
.39
.16
-.49
-.29

-.71
-.17
.16
0
.16
-.32
-.54

-1.27
-1.09
-1.14
-.24
-.90
.05
-.18

2.82
1.94
.73
.09
.64
1.21
.88

0
.13
.52
.28
.24
-.39
-.13

-.10
-.05
-.06
.05
-.11
.01
-.05

1.80
1.23
.77
.16
.61
46
.57

1.00
107
.50
04
.46
58
-.08

Net exports of goods and services .
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

1.09
.92
.82
10
17
.10
07

-5.17
-1.62
-1.49
-.13
-55
-.36
-.19

.08
-.05
-.03
-.02
13
.11
.02

-1.31
-.66
-.61
-.06
-65
-.59
-.06

.81
.97
.78
.19
-16
.07
-.23

-.60
-.23
-.21
-.02
-37
-.06
-.31

-.69
-.30
-.25
-.05
-39
-.17
-.22

-.05
.44
.36
.08
-.48
-.31
-.17

.37
.70
.60
.10
-.33
-.25
-.09

.24
.42
.32
.10
-.18
-.08
-.10

.79
.85
.76
.09
-06
.05
-.11

.11
.08
.02
.06
03
0
.02

-.21
.25
.17
.08
-47
-.40
-.07

.24
.35
.29
06
-12
-.12
0

20

-5.57

1.05

1.79

.01

5.78

4.25

1.64

-.86

.02

.94

-.89
-.70
-.63
-.06
-.20
-.08
-.12
.70

-.41
.04
-.02
.06
-45
-.48
.03

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local

.40
.19
.18
.01
.21
.22
-.01
-1.66

0

1.04

1.35

.53

21
22
23
24

-326
-3.63
37
.69

.68
.04
.64
.37

85
.31
.54
.94

-59
-.13
-.46
.59

5.72
6.05
-.33
.06

413
3.92
.21
.11

1.30
.90
.40
.34

-2.26
-2.15
-.11
.61

-1.42
-1.30
-.12
.56

-.23
-.08
-.15
.24

.47
.48
-.02
.47

-.01
-.06
.05
.71

95
.29
.65
.33

48
.43
.06
.56

1 06
.63
.43
.29

-04
-.27
23
.57

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




1.27

-39
-.21
-.18
.39

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

5.8

6.4

6.6

2.5

4.8

0.2

3.3

5.4

5.8

-0.6

-0.4

5.6

4.6

5.5

3.2

-O.2

Personal consumption expenditures .
Durable goods
Nondurable goods
Services

6.0
9.3
4.9
6.1

6.3
12.6
5.3
5.3

5.7
8.5
5.5
5.1

3.0
1.6
1.6
4.9

5.7
11.0
4.6
5.2

2.3
-3.2
2.4
4.0

3.8
10.0
1.8
3.8

6.0
12.7
4.4
5.5

4.9
10.3
3.3
4.7

-.8
-6.9
-2.0
2.2

2.2
0
1.5
3.4

5.8
12.8
4.9
4.7

4.3
9.3
2.4
4.4

4.4
5.3
3.7
4.7

2.5
-.3
2.7
3.2

-.3
-7.9
-.2
1.7

Gross private domestic investment.
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

8.3
9.7
11.9
10.4
12.7
5.8

14.0
10.2
17.4
15.9
18.3
-2.9

8.8
5.7
12.5
6.8
15.9
-8.9

-4.6
-1.9
-1.4
-2.5
-.7
-3.1

5.8
6.9
4.4
1.4
6.2
13.6

-6.6
-2.1
-.5
.3
-1.0
-6.0

11.4
7.5
-.1
-1.6
.9
27.4

11.8
12.0
9.1
3.1
12.8
17.8

11.7
9.1
14.5
8.1
18.3

-7.4
-6.3
.8
-2.1
2.5
-20.6

-17.7
-10.7
-9.9
-10.5
-9.6
-13.0

20.2
9.8
4.9
2.5
6.2
23.5

15.1
14.4
11.3
4.1
15.0
21.5

11.5
11.5
14.1
11.8
15.2
6.3

3.1
5.6
10.0
12.6
8.7
-3.7

-10.9
-6.4
-.1
6.6
-3.6
-21.1

Net exports of goods and services .
Exports
Goods
Services
Imports
Goods
Services

13.3
13.7
12.0
5.3
6.6
2.6

2.0
.5
7.9
10.6
14.2
2.9

6.7
6.9
5.7
14.9
15.8
12.7

2.2
.5
8.7
7.3
5.3
12.2

7.3
7.9
5.1
14.9
20.7
1.8

5.4
5.2
6.1
5.7
5.5
6.3

10.8
11.4
8.9
4.3
3.9
5.2

.7
-.4
4.7
5.3
8.4
-5.8

8.1
10.8
-.4
11.2
13.6
4.1

21.9
23.0
17.8
4.6
7.1
-3.4

9.5
7.9
16.5
-2.3
-2.8
-.1

-.7
-2.3
6.7
-11.1
-12.6
-4.3

5.9
4.7
10.6
19.6
22.6
6.9

2.5
1.3
7.1
10.9
12.2
5.0

10.5
11.2
7.9
8.7
9.0
7.1

9.6
11.8
1.6
1.7
1.7
1.4

10.7
11.9
5.8
-6.6
-7.4
-2.2

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local

2.0

3.1

9.0

7.5

3.2

-.4

-2.3

-1.9

.1

-.7

1.8

1.9

.1

1.0

3.1

1.9

2.0

-1.7
-4.3
8.7
6.8

.2
-1.8
6.9
6.7

11.3
14.5
1.3
6.3

9.7
12.8
-1.0
5.0

1.8
-2.6
5.9

-3.3
-4.7
2.5
2.9

-7.0
-8.4
-1.5
2.8

-7.1
-10.2
3.9
3.2

-2.2
-5.0
6.7
2.2

-6.5
-.3
2.9

-.4
-2.5
5.3
3.6

0
-1.2
3.1
3.3

-1.2
-2.1
1.2
1.0

1.8
.8
4.2
.4

2.6
.8
7.0
3.4

2.4
2.9
1.5
1.6

4.8
4.2
6.2
-.1

4.9
5.1
5.3

5.3
4.8
4.4

-.3
-1.4
-1.2

.9
-1.2
0

.7
-1.9
-1.0

4.8
4.6

6.0
6.9

-.4
-.7

-.6
1.9

-.2

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income .
See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

Percent change at annual rate:
2.5

4.8

3.0

0.2

3.3

5.4

5.8

-0.6

-0.4

5.6

4.6

5.5

3.2

3.52
.73
1.46
1.33

1.83
.13
.42
1.28

3.48
.92
1.18
1.37

2.26
.31
.69
1.26

1.43
-.28
.61
1.09

2.35
.81
.47
1.07

3.74
1.07
1.11
1.56

3.05
.90
.82
1.33

-.51
-.61
-.51
.60

1.33
0
.37
.96

3.67
1.04
1.25
1.38

2.71
.80
.60
1.30

2.79
.47
.91
1.41

1.57
-.03
.65
.95

-.20
-.66
-.04
.49

2.15
1.49
1.64
.57
1.07
-.15
.66

1.44
.86
1.29
.27
1.02
-.43
.58

-.76
-.28
-.15
-.10
-.05
-.13
-.48

.46
.05
.40
.53
-.10

.90
.90
.77
.20
.57
.13
0

-1.04
-.31
-.06
.01
-.07
-.26
-.72

1.66
1.09
-.01
-.06
.06
1.10
.58

1.86
1.80
.92
.12
.80
.89
.06

1.96
1.46
1.50
.31
1.18
-.04
.50

-1.31
-1.04
.09
-.08
.17
-1.13
-.27

-2.98
-1.71
-1.14
-.43
-.71
-.57
-1.27

2.84
1.42
.52
.09
.42
.91
1.42

2.43
2.18
1.19
.15
1.04
.99
.25

2.06
1.94
1.59
.44
1.15
.35
.12

.60
1.01
1.22
.51
.71
-.21
-.41

-2.09
-1.18
-.01
.30
-.30
-1.17
-.91

.12
-.23
-.19
-.03

-.35
.10
.02
.08
-.45
-.41
-.04

-.32
.33
.27
.06
-.65
-.49
-.16

-.23
.11
.02
.09
-.34
-.17
-.16

-.35
.36
.30
.06
-.70
-.68
-.03

-.02
.27
.20
.07
-.29
-.20
-.09

.32
.54
.44
.10
-.22
-.15
-.07

-.25
.04
-.02
.06
-.29
-.33
.04

-.20
.43
.43
0
-.63
-.57
-.06

.92
1.21
1.01
.21
-.29
-.34
.05

.85
.67
.46
.22
.18
.17
0

.89
-.06
-.16
.10
.94
.87
.07

-.96
.49
.31
.17
-1.45
-1.35
-.10

-.71
.20
.08
.12
-.91
-.84
-.07

.04
.81
.68
.14
-.78
-.67
-.11

.63
.79
.77
.03
-.16
-.14
-.02

1.67
.96
.86
.10
.71
.67
.04

.44

.69

1.93

1.67

.75

-.10

-.52

-.43

.03

-.16

.38

.41

.02

.21

.63

.38

.39

-.22
-.44
.23

.02
-.17
.19

1.29
1.25
.04
.64

1.16
1.19
-.03
.51

.12
.18
-.07
.63

-.42
-.48
.06
.32

-.84
-.80
-.04
.32

-.81
-.90
.10
.38

-.23
-.40
.17
.26

-.50
-.49
-.01
.34

-.04
-.17
.13
.42

.41

-.11
-.14
.03
.13

.16
.05
.11
.05

.23
.05
.18
.40

.20
.16
.04
.18

.40
.24
.16
-.01

5.8

6.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

3.71
.77
1.33
1.61

3.91
1.06
1.43
1.42

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1.25
1.37
1.07
.36
.71
.30
-.12

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.41
.63

Gross domestic product
Percentage points at annual rates:

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




.51

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
Line

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1995

1994

1996

1997

2.5

-2.0

4.3

7.3

3.4

3.4

1.8

-4.5

3.0

2.7

4.0

2.7

3.6

4.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

1.3

1.2
0

5.5
14.9
3.3
4.9

5.4
14.6
4.0
4.2

4.2
9.1
3.6
3.3

3.3
1.7
2.4
4.3

1.8
-.9
1.4
2.8

-.2
-6.6
-.4
1.4

2.9
5.3
1.9
2.9

3.4
8.2
2.9
2.7

3.8
7.6
3.8
3.0

3.0
4.6
3.0
2.7

3.2
5.6
2.9
2.8

3.6
6.6
2.9
3.3

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

9.2

9.5
7.5
-1.0

-.7
1.2
-2.7
-10.8
2.0
12.0

2.5
0
-.1
-3.6

-3.1

-8.6

8.7
8.1
8.4
.8
11.3
7.3

13.2
9.1
8.9
.8
11.9
9.7

3.0
6.0
9.8
4.8
11.5

41.1

29.3
16.8
17.6
14.3
19.5
14.6

9.0
9.3
10.0
7.1
11.0
7.4

12.1
9.6
12.2
9.1
13.3
2.0

-.1
-1.3
-2.5
5.3

-2.4
-2.9
-1.1
12.6
13.6
8.1

8.4
7.9
9.7
24.3
24.2
25.1

7.4
5.1
13.3
8.4
10.3
.3

11.2
11.1
11.6
6.1
4.6
12.6

10.3
11.9
6.4
8.2
9.0
4.1

8.2
8.7
6.8
8.6
9.4
4.8

12.3
14.5
7.0
13.7
14.2
10.9

1.1

2.4

-2.7
-3.7
-.5
2.5

-.9

-.4
-2.6
4.2
4.0

Gross domestic product

1.3
1.2
1.5

2.2
5.6
7.9
4.2
-8.0

1.0
1.7
-14.0
-7.0
^3.7
-1.5
-5.2
-18.2

-10.4
5.4

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

1.1
-1.1
10.5
2.6
2.1
5.8

-7.1
-9.0

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local

1.5

3.3

3.5

5.4

4.7
6.1
1.6
-2.0

3.6
7.4
-5.4
-.1

6.3
6.8
5.0
.9

3.1

5.5
6.3
3.1
5.4

1.2
2.6
1.4
2.3
2.3

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

-8.6

-11.0
-2.0
-12.8

8.5
6.5
3.4
-6A
7.4
16.3

6.5
7.1
5.1
-.5
-.1
-2.3

6.2
6.8
4.6
6.6
9.3
-4.0

3.3
3.0
4.1
9.1
10.1
4.7

8.9
9.7
7.2
12.0
13.3
5.8

-1.6

-3.6
-4.8
-1.0
2.6

-1.8
.7
1.5
.4

1.7
.2

-6.9
-4.9

16.1
18.8
9.3
3.8
4.1
2.7

11.8
12.6
9.6
3.9
4.2
2.8

8.7
8.2
10.0
3.8
3.0
7.6

3.0

1.2

2.8

3.3

1.2

3.7
4.7
.5
2.3

-1.8
-.8
-5.2
3.7

1.3
-.8
8.4
3.9

2.0
0
8.3
4.2

-.3
-1.1
1.8
2.3

^.9
7.1
2.0

-3.9
-5.4
-.3
1.4

-.7
-1.5
-.1

-.2
-1.1
-.9

2.8
3.1
2.8

2.6
3.3
3.2

3.1
2.5
3.0

4.0
4.7
4.3

-5.0
1.4

-.5
.4

3.0
3.1

2.6
1.4

2.7
2.6

4.3
3.1

4.8

-1.6
3.8

.1

-1.3
0
2.3

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
Line

1981

1982

1983

1984

1986

1987

1990

1991

1992

1993

1994

1995

1996

1997

Percent change at annual rate:

2.5

-2.0

4.3

7.3

3.8

3.4

3.4

4.2

3.5

1.8

-0.5

3.0

2.7

4.0

2.7

3.6

4.4

.76
0
.23
.53

3.49
1.09
.80
1.61

3.49
1.15
.93
1.41

3.15
.81
.61
1.73

2.71

2.17

.10
.29
.46

.78
.78
1.14

.16
.52
1.49

2.65
.51
.68
1.46

1.76
.18
.58
1.00

1.21
-.08
.30
.99

-.12
-.53

1.90
.39
.40
1.11

2.24
.61
.61
1.02

2.53
.59
.79
1.16

2.00
.37
.60
1.04

2.14
.44
.60
1.10

2.39
.51
.58
1.29

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1.58
.38
.73
.39
.34
-.35
1.20

-254
-1.21
-.50
-.08
-.42
-.71
-1.34

1.48
1.19
-.13
-.54
.41
1.32

4.62
2.67
2.04

-.17
.89
.83
.33
.50
.06
-1.06

-.11
.20
-.34

.42
0
-.01
-.14
.13
.01
.42

.44
.58
.60
.05
.56
-.02
-.14

.60

-.49
-.28
.08
.05
.03
-.36

-1.26

1.12
.86
.34
-.18
.52
.52
.26

1.18
1.09
.83
.02
.80
.26
.10

1.89
1.28
.91
.02
.89
.37
.61

.47
.88
1.03
.13
.90
-.15
-.41

1.37
1.39
1.10
.20
.91
.28
-.02

1.91

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-.16

-.55
-.67
-.67
0
.12
.20

-1.34
-.21
-.19
-.02
-1.13
-1.00
-.13

-1.57
.65

-.31
.52
.26
.26
-.83
-.82
-.01

.18
.81
.56
.25
-.62

.39
.80
.55
.25
-.41
-.26
-.15

-.41
.88
.67
.22
-1.29
-1.18
-.11

-.15

-.68
-.76
.08

-.61
.33
.21
.12
-.94
-.85
-.09

.11

1.02
.80
.23
-.43
-.37
-.05

-.07
.61
.48
.13

-.39
-.23

.84
1.25
1.04
.21
-.41
-.36
-.05

.67
.62
.48
.14
.05

-1.83
-.39

-.44
.20
.19
.02
-.65
-.51
-.13

1.06
.86
.20
-.95
-.87
-.08

.22
-1.04
-.94
-.09

-.29
1.35
1.12
.23
-1.64
-1.43

.18

.31

.70

.72

1.31

1.13

.63

.24

.56

.65

.24

.10

-.16

.02

.09

.21

.43

.41
.37
.04
-.23

.33
.47
-.15
-.02

.60
.47
.13
.10

.31
.35
-.04
.42

.73
.60
.13
.59

.54
.46
.07
.60

.36
.35
.01
.27

-.18
-.06
-.12
.42

.12
-.05

.18
0
.18
.48

-.03
-.07
.04
.26

-.14
-.31
.17
.24

-.33
-.32
-.01
.17

-.29
-.26
-.02

-.20
-.19

-.06
-.06
0
.27

-.03
-.12
.09
.45

Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods
Services

Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




.11
-.09
.20
-.27
-.18
-.09

.29

.61
1.43

.63
1.95

.46
.19
-2.22

-.49
.16
.54
-.32

.42
.61
.09
.52
-.19
.17

.60

.17
.44

-.21

-.09
.50
-1.00
-.53
-.38
-.15
-.47
-.26

.31

-.01
.28

1.47
1.39
.26
1.13
.08
.44

-.21

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1947

1948

1949

1950

1951

Line

I

II

1

IV

III

II

1

IV

III

II

III

I

IV

II

1

IV

III

II

1

2.1

1.0

6.4

5.8

6.4

1.7

0.8

-5.5

-1.1

4.6

-4.0

17.6

12.5

16.4

7.4

4.5

7.0

Personal consumption expenditures...
Durable goods
Nondurable goods
Services

2
3
4
5

6.5
8.0
7.0
5.1

1.2
5.5
1.3
-.6

0
30.8
-5.2
-1.2

2.0
-3.1
.1
7.7

4.6
3.0
4.2
6.0

.8
7.3
-3.3
5.3

3.3
-6.2
5.9
3.2

.4
-6.9
1.9
2.0

6.3
42.9
.9
2.6

.8
21.9
-3.1
-1.0

5.7
15.9
5.8
1.3

7.0
17.0
4.9
6.2

6.6
2.5
4.4
12.1

22.1
145.3
7.3
5.7

-11.3
-41.8
-6.2
4.4

9.5
12.7
10.5
6.3

-10.7
-47.5
-4.5
2.4

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-13.0
-106
-6.6
-3.1
-8.4
-18.7

-2.0
14 3
-7.6
2.2
-12.4
76.5

113.0
399
13.3
-5.9
25.2
102.5

43.9
14.2
27.2
8.9
37.9
-4.6

21.9
-.3
-13.2
11.8
-24.1
25.6

1.2
-4.1
1.1
12.8
-4.9
-12.0

-18.6
-4.4
10.8
6.2
13.5
-26.3

-48.1
-21.2
-17.9
-7.9
-23.1
-27.1

-44.5
-12.1
-15.0
-8.9
-18.4
-6.6

40.0
-1.0
-18.4
-16.6
-19.5
38.9

-21.4
15.2
-6.5
-10.7
-3.9
58.6

149.5
27.9
11.8
20.9
6.9
54.0

53.3
42.5
40.8
21.6
53.2
44.7

39.9
33.4
40.9
25.2
50.3
23.9

65.4
-7.9
-.4
10.6
-5.9
-17.5

^6.2
-141
-10.0
1.1
-15.8
-19.7

10.7
-17 3
5.5
14.3
.4
-43.9

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

-43

-18.3
-19.5
-93
-38.2
-43.7
-15.6

-382
-40.9
-17 6
23.3
56
96.5

-17.0
-15.8
-24.1
62.3
84.8
10.2

-32.9
-35.0
-18.8
16.6
16.9
15.1

9.4

-13.4
-15.0
-3.7
-6.2
-.6
-20.6

57.4
64.3
23.2
-12.3
-11.7
-14.1

-3.3
-5.4
9.9
-5.1
-11.5
16.5

-29.4
-28.2
-35.5
-15.0
-10.5
-25.8

-43.8
-44.4
-40.3
6.7
14.2
-12.6

-6.9
-12.1
24.6
10.0
8.3
15.9

4.9
4.7
6.1
24.7
26.9
17.4

10.8
13.8
-3.3
132.8
176.7
23.2

36.2
37.4
30.6
.8
-7.1
38.6

222

10.3
3.8
22.5
9.4
70.2

17.8
47 2
.2
-7 6
33.4

45 5
45.9
43 0
-12.9
-16 2
-.8

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local
..

20

2.2

2.6

-5.8

8.2

20.3

7.6

18.7

10.6

19.5

4.2

-8.5

-6.4

6.1

-7.3

28.1

48.0

67.7

21
22
23
24

-.1
-23.8
2194
6.2

-1.6
20.7
-52.6
9.7

-13.3
2.4
-57 5
6.5

14.7
-1.0
113.8
-.9

26.1
-3.6
229.9
12.0

7.9
-6.4
65.3
7.0

24.5
21.1
35.3
10.5

6.3
9.7
-2.8
17.2

15.8
6.9
42.9
25.1

-4.2
-1.0
-11.6
17.7

-18.7
-23.0
-6.5
7.5

-18.0
-15.6
-22.5
10.8

8.3
2.4
22.4
3.4

-13.3
28.8
-72.8
.6

56.5
67.7
17.9
.2

100.9
153.2
-32 3
-4.2

117.9
136.1
41 4
7.2

25
26
27

2.4
2.8
3.1

3.1
1.0
3.3

0
11.4
4.5

1.8
9.1
4.8

2.8
9.8
6.1

.7
1.9
1.0

3.7
1.3
4.3

1.2
-6.4
-1.8

5.3
-1.1
5.4

-.2
6.1
1.2

1.2
-1.1
4.4

6.8
18.5
7.5

10.9
13.3
11.6

15.2
19.9
18.7

-4.1
6.0
-5.3

11.7
3.7
10.8

2.0
4.5
-.4

28

22
-8.0

10
11.2

65
-4.5

6.0

6.5
12.9

1.7

.7

4.5

-4.2

44

74

1.3

2.0

3.5

12.6
-2.7

73

1.0

17.7
32.1

16.8

7.3

-5.5
-7.7

-1.2

8.3

6.4

4.6

-.7

6.1

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....
Gross national product
Disposable personal income

-8.7
37 4
7.6
96
2.5

29

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1947

1950

1949

1948

1951

Line

I

H

II

I

IV

III

III

I

IV

II

IV

III

I

II

III

I

IV

II

Percent change at annual rate:
1

2.1

1.0

6.4

5.8

6.4

1.7

0.8

-5.5

-1.1

4.6

-4.0

17.6

12.5

16.4

7.4

4.5

7.0

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

4.43
.68
2.67
1.08

1.14
.50
.71
-.07

.51
2.38
-1.69
-.18

1.84
-.17
.30
1.71

3.32
.33
1.77
1.23

.58
.65
-1.07
1.01

2.07
-.53
2.06
.54

-.12
-.76
.52
.12

3.81
3.11
.25
.45

.38
1.78
-1.14
-.26

3.55
1.28
1.96
.31

5.25
1.30
2.06
1.89

4.59
.12
1.73
2.74

14.14
9.89
2.80
1.45

-7.67
-5.90
-2.70
.92

6.09
1.61
3.36
1 13

-6.98
-6.05
-1.36
42

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-1.97
-1.54
-.64
-.10
-.54
-90
-.43

-.36
1.96
-.71
.08
-.79
2 67
-2.32

11.17
5.18
1.28
-.18
1.46
3.91
5.98

5.87
2.26
2.49
.32
2.18
-24
3.61

3.44
.06
-1.33
.42
-1.75
1.39
3.38

.28
-.58
.17
.47
-.30
-.75
.87

-3.41
-.63
1.09
.27
.82
-1.72
-2.77

-10.02
-3.59
-1.94
-.22
-1.71
-1.66
-6.43

-8.05
-1.87
-1.53
-.29
-1.24
-.34
-6.18

4.72
-.09
-1.85
-.59
-1.26
1.76
4.81

-3.18
2.11
-.56
-.36
-.20
2 67
-5.28

13.82
4.06
1.17
.66
.50
289
9.76

7.35
5.84
3.23
.67
2.55
262
1.51

6.24
5.12
3.45
.79
2.66
167
1.12

9.83
-1.37
-.02
.35
-.36
-135
11.19

-8.96
-2.49
-1.06
.02
-1.08
- 1 43
-6.47

1.82
-2.89
.52
.48
.04
-342
4.71

Net exports of goods and services
Exports
Goods
Services
imports
Goods
Services

13
14
15
16
17
18
19

-.73
-44
-.81
.37
-.28
-.24
-.04

-.22
-1.73
-1.66
-.08
1.51
1.42
.09

^.44
-3.69
-3.53
-.16
-.76
-.16
-.60

-3.17
-1.33
-1.12
-.21
-1.84
-1.66
-.18

^.14
-2.48
-2.33
-.15
-.66
-.48
-.18

-.34
.48
.42
.05
-.81
-.28
-.53

-.57
-.81
-.79
-.01
.24
0
.24

3.07
2.50
2.32
.17
.57
.33
.24

.05
-.18
-.28
.10
.22
.30
-.08

-1.30
-1.88
-1.53
-.35
.59
.26
.33

-2.93
-2.74
-2.37
-.37
-.20
-.36
.16

-.54
-.15
-.37
.21
-.38
-.29
-.09

-.54
27
.21
.06
-.81
-.69
-.12

-2.96
48
.50
-.02
-3.44
-3.26
-.18

1.23
1 30
1.13
.17
-.07
.23
-.31

.73
79
.57
.22
-.06
.30
-.36

2.36
1 81
1.55
.26
.56
.62
-.06

Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.36

.43

-.85

1.27

2.79

1.12

2.67

1.61

3.09

.79

-1.48

-.92

1.13

-1.03

4.00

6.68

> 9.78

21
22
23
24

0
-2.11
2.11
.36

-.13
1.43
-1.55
.56

-1.27
.20
-1.47
.42

1.24
.05
1.19
.03

2.07
-.18
2.26
.72

.69
-.41
1.10
.43

2.03
1.32
.72
.63

.62
.65
-.04
.99

1.55
.50
1.05
1.54

-.40
-.06
-.34
1.19

-2.04
-1.87
-.17
.56

-1.88
-1.17
-.71
.95

.86
.22
.64
.27

-1.11
1.74
-2.85
.08

3.96
3.60
.36
.04

7.02
7.59
-.57
-.33

9.29
8.62
.67
.49

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




::::::::

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1952

1951

1954

1953

1955

Line

IV

III

II

1

III

IV

II

I

1

IV

III

II

I

IV

III

II

IV

III

1

8.2

0.8

4.7

0.3

2.6

13.9

7.6

3.3

-2.5

-€.3

-2.0

0.6

4.4

8.2

11.9

6.5

5.5

2.1

Personal consumption expenditures...
Durable goods
Nondurable goods
Services

2
3
4
5

4.7
-3.3
9.3
3.4

2.4
-3.2
4.5
1.4

1.2
4.1
-2.5
5.8

7.9
7.1
9.8
5.4

1.9
-23.6
6.6
5.8

14.8
95.6
5.4
6.7

5.0
16.0
3.2
3.5

2.5
-2.4
1.8
5.7

-.9
-2.3
-2.8
2.4

-2.6
-11.6
-.2
-2.3

1.5
-12.0
3.0
4.8

5.1
21.9
-1.4
8.6

5.4
1.8
5.3
6.8

8.5
28.5
6.9
4.2

9.1
42.6
3.0
6.1

7.8
24.5
7.1
2.5

5.0
14.3
3.1
3.8

5.1
-11.2
8.5
7.9

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-27.2
-£.3
4.6
-2.4
9.1
-23.1

-29.8
-3.9
-7.7
-14.4
-3.5
3.7

9.8
4.7
1.3
.6
1.8
10.9

-29.4
6.0
5.2
3.1
6.4
7.5

22.2
-22.7
-31.9
3.4
-47.8
^.0

33.3
34.4
41.7
16.1
61.6
23.3

7.7
17.0
23.8
12.7
31.2
6.4

1.7
2.0
2.4
7.8
-.8
1.2

-9.5
.4
9.5
2.2
14.3
-14.3

-28.3
-4.3
-4.8
7.4
-11.8
-3.4

-3.1
-6.0
-11.1
4.0
-19.9
4.2

-.9
6.6
-4.3
2.9
-8.8
28.7

22.1
17.2
11.6
-.8
20.9
26.7

20.1
9.2
-1.3
-1.7
-1.1
27.6

50.1
17.2
7.4
13.1
3.8
33.2

27.7
18.3
27.6
10.2
40.4
6.1

5.7
9.2
22.2
13.9
27.8
-6.2

8.6
4
11.5
10.2
12.4
-15.9

Net exports of goods and services
Exports
Goods
Services ...
Imports
Goods
Services

13
14
15
16
17
18
19

10.1
9.5
13.3
-30.1
-44.1
46.2

-3.7
-7.0
15.0
-10.3
-25.8
47.8

21.5
24.3
8.0
56.3
61.3
46.1

-37.4
^0.5
-20.4
-2.0
5.6
-19.4

-27.9
-26.0
-36.4
26.5
15.9
57.9

3.1
6.5
-11.0
40.4
29.6
69.3

-6.9
-13.8
30.9
-€.6
-7.0
-12.2

2.9
7.5
-14.9
21.8
24.5
15.8

17"i
21.2
.5
-1.7
-11.3
23.5

-13.8
-7.8
-18.4
-29.6
10.6

•"•-16.6
-20.7
4.0
-21.6
-15.5
-32.8

714
93.1
-1.2
41.6
47.1
30.7

-12.5
-19.0
25.8
-21.1
-28.1
-4.0

19.8
23.9
2.6
4.2
-2.6
19.1

15.5
16.6
10.9
23.4
47.0
-13.9

-9.0
-12.0
5.5
25.6
4.9
81.4

29.1
28.7
30.6
7.5
1.9
19.3

1.9
1.2
5.0
15.7
47.2
-28.8

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local

20

53.2

24.0

15.9

14.1

4.1

6.9

13.8

9.5

-6.0

-1.3

-10.9

-12.7

-9.5

-2.5

-.7

-4.4

2.8

-«.4

21
22
23
24

88.1
110.0
-7.6
1.9

36.8
40.6
14.0
-.6

23.6
19.8
51.9
.9

16.6
23.0
-23.0
8.9

11.1
9.9
19.8
-10.6

6.0
6.6
1
9.8

15.6
12.1
48.3
9.1

13.9
3.9
109.4
-.9

-10.9
-5.6
-38.5
11.3

-5.8
-7.7
7.5
10.1

-20.4
-25.0
15.4
14.8

-18.8
-14.8
^0.1
1.5

-18.9
-19.4
-15.4
11.9

-4.7
-13.2
67.1
1.8

-9.8
-5.7
-42.4
18.2

-8.6
-14.6
27.3
5.5

4.9
5.0
4.7
-.7

-14.1
-12.9
-21.0
2.2

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....

25
26
27

13.8
6.1
11.6

6.1
.5
6.0

4.0
5.7
4.9

6.6
2.6
9.0

-3.9
5.1
-1.5

13.9
15.4
15.4

8.9
7.5
8.7

3.3
4.0
4.1

-1.0
^3.2
-1.7

-2.3
-6.5
-2.6

-2.4
-2.2
-2.7

1.6
-.2
.9

3.8
3.9
3.4

6.7
7.6
6.1

7.8
12.2
8.0

5.1
8.0
6.6

6.0
4.7
5.2

.8
2.7
1.3

28
29

8.3
3.3

.9
.9

4.6
0

.3
4.4

2.5
7.9

13.8
7.9

7.5
5.3

3.4
5.8

-2.8
-1.8

-6.2
-1.3

-1.8
1.3

.6
-.7

4.4
5.0

8.4
9.0

11.9
5.7

6.5
9.1

5.5
8.0

2.2
4.8

Gross domestic product

Gross national product
Disposable personal income
See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1954

1953

1952

1951

1955

Line

1

IV

ill

II

III

IV

II

I

III

1

IV

II

1

IV

III

II

III

IV

Percent change at annual rate:
1

8.2

0.8

4.7

0.3

2.6

13.9

7.6

3.3

-2.5

-6.3

-2.0

0.6

4.4

8.2

11.9

6.5

5.5

2.1

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

3.02
-.68
307
.63

1.48
-.27
1.57
.18

.65
.25
-.70
1.10

4.68
.52
3.15
1.01

1.14
-2.22
2.24
1.12

9.07
5.51
2.09
1.46

3.18
1.25
1.19
.74

1.56
-.30
.68
1.18

-.57
-.29
-.79
.51

-1.61
-1.12
-.01
-.48

.79
-1.17
.91
1.05

3.08
1.58
-.43
1.92

3.36
.11
167
1.58

5.36
2.11
2.21
1.04

5.94
3.25
1.14
1.55

4.84
2.05
217
.62

3.16
1.28
1.00
.88

3.11
-1.14
2.48
1.77

Gross private domestic investment
Fixed investment .
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-5.71
-.90
.47
-.07
.54
-1.37
-4.81

-5.72
-.52
-.71
-.53
-.19
.19
-5.19

1.54
.80
.24
.08
.16
.55
.74

-5.16
.91
.52
.13
.39
.39
-6.07

2.92
-3.57
-3.37
.13
-3.50
-.20
6.49

4.47
4.26
3.11
.55
2.56
1.15
.20

1.10
2.25
1.91
.39
1.52
.34
-1.16

.28
.30
.23
.26
-.03
.07
-.03

-1.46
.08
.85
.08
.77
-.77
-1.53

-4.68
-.57
-.42
.27
-.69
-.15
-4.11

-.30
-.83
-1.06
.17
-1.22
.23
.53

-.06
.95
-.37
.11
-.49
1.32
-1.01

2.88
2.37
1.04
-.03
1.07
1.33
.51

2.75
1.37
-.08
-.06
-.02
1.45
1.39

6.31
2.49
.70
.44
.27
1.78
3.82

3.98
2.61
2.25
.35
1.90
.37
1.37

.91
1.40
1.94
.47
1.47
-.53
-.49

1.37
.07
1.10
.36
.74
-1.03
1.30

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16

.22
-.15
-.28
.13

-2.23
-2.22
-2.06
-.15
-.01
-.20
.19

-2.44
-1.36
-1.04
-.32
-1.08
-.47
-.61

-1.35
.25
.30
-.04
-1.60
-.83
-.77

.26
-.53
-.48
-.05

.19
-.74
-.76
.02

.03

.79

.93

.33
-.30

.94
-.15

.39
.54

.69
2.16
2.18
-.01
-1.47
-1.12
-.35

.33
-.60
-.76
.16

.24
.12

-.71
.18
.27
-.09
-.89
-.67
-.22

.70
.67
.65
.02

.88
-.51

-.82
1.17
1.04
.14
-1.99
-1.51
-.48

.18
-.18
-.43
.25

18
19

2.01
.52
.43
.09
1.49
1.95
-.46

.88
.05

.51
.73
.72
.01
-.22
.02
-.24

-.32
.60
.53
.07
-.93
-1.09
.17

-1.42
-.43
-.46
.03
-.99
-.17
-.81

.70
1.05
.85
.20
-.35
-.09
-.25

-.59
.05
.02
.03
-.64
-1.13
.48

Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

8.93

4.79

3.36

3.04

.93

1.75

3.12

2.18

-1.20

-.23

-2.65

-3.10

-2.18

-.46

0

-.85

.69

-1.76

21
22
23
24

8.77
886
-.08
.15

4.82
4.57
.26
-.03

3.25
2.48
.77
.12

2.42
2.90
-.48
.61

1.69
1.35
.35
-.76

1.04
1.03
.02
.71

2.50
1.71
.79
.62

2.23
.56
1.67
-.04

-1.94
-.84
-1.11
.74

-.92
-1.09
.17
.69

-3.68
-4.01
.33
1.03

-3.23
-2.14
-1.10
.13

-3.08
-2.77
-.32
.90

-.64
-1.72
1.09
.18

-1.38
-.29
-1.09
1.38

-1.30
-1.80
.49
.45

.70
.60
.11
-.02

-1.95
-1.52
-.43
.19

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




17

.36

.36

.94

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1957

1956
Line

II

I

IV

III

II

I

1958

III

I

IV

II

1959

III

I

IV

1960

II

III

IV

I

II

1

-1.7

3.2

-0.5

6.8

2.3

-0.9

4.0

-4.1

-10.3

2.4

9.3

9.3

8.6

10.9

-0.2

1.3

9.2

-2.0

Personal consumption expenditures...
Durable goods
Nondurable goods
Services

2
3
4
5

.7
-17 6
4.1
4.5

1.4
.6
-1.1
4.9

.9
-7.6
.3
5.0

5.6
13.9
3.0
5.9

2.6
8.5
1.3
2.2

.7
-9.8
2.0
3.1

3.3
-3.3
6.0
2.5

.3
-4.7
-1.9
5.0

-5.3
-24.4
-4.6
1.4

3.2
-6.8
2.9
7.0

6.4
8.1
6.8
5.3

4.8
15.5
4.7
1.7

7.7
25.5
4.6
5.9

6.5
16.0
3.3
7.3

4.3
8.2
2.1
5.7

.5
-18.9
2.7
5.1

3.7
14.5
-.1
4.9

5.1
9.7
4.8
4.1

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
g
10
11
12

-12.8
-83
-7.4
129
-18.5
-10.1

-4.2
34
6.7
151
1.4
-2.4

-4.5
-.6
3.3
2.7
3.9
-7.6

-4.1
-2.6
-.8
-.8
-.8
-6.1

-6.8
-.1
2.7
-3.0
6.8
-5.6

-.2
-3.7
-.9
-.5
-1.2
-9.3

9.4
3.9
8.4
-.4
14.6
-5.3

-29.6
-7.4
-10.3
-3.0
-14.8
-.6

-26.5
-22.6
-26.0
-8.8
-35.9
-15.0

-9.6
-11.1
-16.5
-12.7
-19.3
1.0

36.4
5.6
-6.2
-8.8
-4.2
32.5

42.6
27.1
15.9
6.5
23.1
49.9

23.3
27.3
13.5
-1.5
24.5
54.5

40.2
13.5
12.6
12.9
12.5
14.9

-24.8
5.0
13.4
12.4
14.1
-7.3

14.2
-5.3
-1.7
-3.0
-.9
-11.2

50.5
14.5
16.0
17.7
14.9
12.0

-35.1
-7.8
6.4
4.8

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

203

29.9
30.9
25 6
-1.4
-12.1
25.5

14.2
16.0
6.1
3.7
-42
21.5

19.4
19.3
19.9
-16.0
5.9
-48.1

28.7
30.8
18.7
34.1
6.9
115.1

-11.4
-12.4
-6.9
3.5
6.4
-1.9

-11.0
-13.1
.2
-7.9
-6.7
-10.1

-12.0
-23.7
59.5
.9
20.6
-30.4

-34.5
-27.2
-57.2
5.1
-17.5
71.0

1.8

1.8

-.4

-4.1
29.9
17.9
8.2
37.3

2.7
-2.1
-4.1
7.6
-21.7

-4.6
17.7
25.7
39.2
3.7

—14.8
-20.3
11.3
4.9
12.9
-10.0

8'6
12.1
-3.5
23.9
34.1
4.5

37.2
45.9
7.3
5.3
6.7
2.2

-14.4
-17.3
-1.9
-0.5
-13.3
-.7

69.4
80.7
30.2
15.0
67
35.0

17.9
20.9
5.6
2.4
4.4
-1.6

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local

20

-.3

8.4

-3.6

10.9

8.0

-2.2

3.3

7.5

-4.4

10.5

2.2

8.6

6.4

7.8

2.6

-5.5

-7.8

5.4

21
22
23
24

-2.9
-1.5
-11.1
4.1

10.6
10.8
9.9
4.9

-£.9
-.8
-38.9
2.0

15.4
13.9
27.2
4.0

6.6
1.5
48.1
10.3

-6.7
3.7
-61.7
3.5

1.8
3.7
-11.1
5.7

5.7
-4.8
124.1
10.3

-13.7
-4.4
-57.9
11.8

13.7
4.2
110.0
5.9

-2.1
-.8
-9.9
9.0

9.3
3.0
59.8
7.6

9.2
6.5
23.2
2.2

12.5
-1.0
116.2
1.2

4.1
5.2
-1.0
.5

-4.4
-3.4
-9.0
-2.1

-16.9
-7.4
-52.4
7.0

2.1
-1.5
24.2
10.1

25
26
27

-.8
-1.9
-1.0

4.5
1.9
3.2

.2
-.9
-.3

7.1
5.0
5.4

3.4
2.2
3.4

-1.4
-.1
-.7

3.1
4.3
3.4

-.1
^3.5
.6

-9.8
-8.4
-7.8

2.0
3.0
2.7

5.5
9.0
5.3

7.4
10.4
8.5

9.1
9.5
10.0

7.2
11.5
7.8

5.2
-1.2
4.0

-1.5
1.5
-1.3

4.3
7.4
2.6

3.8
-2.6
3.1

28

-1.4

3.1

-.4

6.3

2.7

-.7

3.8

9.2

8.6

10.8

0

1.5

9.0

-1.9

4.7

1.7

6.1

.3

3.0

2.6

-10.2
-4.7

9.1

3.5

-4.7
-1.4

2.4

29

2.5

9.2

5.2

2.9

7.7

-.6

3.0

4.6

2.2

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....
Gross national product
Disposable personal income

23.3
79
15.9
14.9
18.2

7.4
-29.1

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1957

1956
Line

I

II

III

II

I

IV

1959

1958

IV

III

I

II

I

IV

III

1960

II

III

I

IV

II

Percent change at annual rate:
1

-1.7

3.2

-0.5

6.8

2.3

-0.9

4.0

-4.1

-10.3

2.4

9.3

9.3

8.6

10.9

-0.2

1.3

9.2

-2.0

Darennal A/tneiimntlnn avnaiwiMiime 2
3
Durable goods
4
Nondurable goods
5
Services

.46
-1.79
1.22
1.03

.86
.03
-.29
1.12

.52
-.71
.10
1.13

3.47
1.14
.96
1.37

1.55
.70
.41
.44

.36
-.91
.61
.67

2.07
-.28
1.80
.56

.23
-.39
-.52
1.14

-3.05
-5.25
-1.23
.42

2.04
-.55
.92
1.68

4.16
.65
2.15
1.37

3.17
1.18
1.50
.48

4.64
1.84
1.45
1.36

4.26
1.30
1.08
1.87

2.68
.67
.62
1.38

.32
-1.76
.80
1.28

2.53
1.14
.06
1.32

3.17
.77
1.36
1.04

Gross domestic product
Percentage points at annual rates:

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-2.32
-135
-.74
.48
-1.22
-61
-.97

-.69
.56
.69
.58
.11
-13
-1.25

-.69
-.06
.36
.12
.24
-43
-.63

-.59
-.36
-.04
-.02
-.02
-.32
-.23

-.94
.02
.31
-.11
.42
-.28
-.96

.01
-.53
-.06
0
-.06
-.47
.55

1.40
.61
.86
0
.87
-.25
.79

-530
-1.10
-1.08
-.10
-.98
-.01
-4.21

-4.33
-3.59
-2.87
-.32
-2.55
-.71
-.74

-1.39
-1.62
-1.67
-.51
-1.16
.05
.23

4.24
.81
-.54
-.33
-.21
1.35
3.44

5.16
3.40
1.35
.24
1.11
2.05
1.77

338
360
1.18
-03
1.21
242
-.02

5.44
1.95
1.12
.45
.68
82
3.49

-4.46
73
1.15
42
.73
-43
-5.19

2.01
-80
-.16
-11
-.05
-64
2.81

6.68
205
1.42
61
.81
63
4.63

-6.88
-118
.59
17
.42
- 1 77
-5.70

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

.15
.80
74
.06
-.65
-.45
-.20

1.25
1.21
1 02
.18
.04
.35
-.31

.45
.64
59
.05
-.19
.09
-.28

1.61
.91
.75
.16
.71
-.20
.91

.03
1.33
1 18
.15
-1.30
-.22
-1.08

-.82
-.63
-58
-.05
-.19
-.20
.01

-.26
-.57
-.58
.02
.31
.18
.13

-.67
-.59
- 1 06
.47
-.08
-.55
.47

-2.16
-1.89
- 1 14
-.74
-.28
.52
-.80

-.64
.11
-13
.24
-.75
-.24
-.51

.26
.11
12
-.01
.15
-.24
.39

-1.00
0
-14
.15
-1.00
-.98
-.02

-.90
-.63
-70
.07
-.27
-.54
.28

-.62
.35
38
-.03
-.97
-.90
-.07

1.07
1.30
1 24
.06
-.23
-.20
-.03

-.20
-.65
-63
-.02
.45
.44
.01

1.70
2.33
210
.23
-.63
-.20
-.43

.67
.77
72
.05
-.10
-.13
.02

Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.02

1.76

-.73

2.26

1.64

-.46

.74

1.63

-.80

2.34

.60

1.99

1.29

1.79

.55

-.80

-1.74

1.08

21
22
23
24

-.31
-.11
-.20
.33

1.36
1.19
.17
.41

-.90
-.06
-.84
.17

1.91
1.52
.39
.35

.82
.17
.65
.82

-.76
.44
-1.20
.30

.25
.42
-.17
.49

.79
-.54
1.33
.85

-1.82
-.43
-1.38
1.02

1.80
.51
1.29
.53

-.22
-.05
-.18
.83

1.28
.39
.89
.70

1.03
.72
.31
.26

1.64
-.08
1.72
.15

.50
.53
-.02
.04

-.62
-.40
-.22
-.18

-2.37
-.83
-1.54
.63

.23
-.19
.41
.85

See note at the end of the table.




NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1960

1961

1962

1964

1963

Line

0.7

-5.0

2.3

8.4

7.2

4.4

4.0

1.0

4.8

5.3

7.9

4.8

5.5

1.0

-1.6
-3.0
-2.7
.2

.4
-10.5
.4
4.1

-.2
-21.6
2.6
4.0

6.0
8.8
4.2
7.3

2.0
10.4
.3
1.7

8.4
21.5
5.8
7.5

4.2
9.1
3.4
3.7

4.9
10.9
2.0
6.4

3.3
3.5
3.0
3.5

5.8

19.9
2.5
5.2

2.8
8.9
1.6
2.1

3.9
9.4
1.7
4.5

5.5
4.8
3.3
8.2

2.9
3.4
6.9
.3
5.6

9.2

Personal consumption expenditures...
Durable goods
Nondurable goods
Services

8.1
16.0
7.8
6.1

7.4
11.0
7.6
6.0

7.6

1.1
-12.8
1.3
5.7

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-2.3
-10.2
-9.4
.8
-15.4
-11.6

-40.2
-1.1
-1.3
16.3
-11.7
—5

9.5
-5.4
-8.8
-1.9
-13.4
1.6

33.4
5.8
8.2
-£.5
19.9
1.4

38.2
10.2
3.7
.1
6.1
23.4

6.8
14.0
13.9
-2.1
25.7
14.1

25.7
8.7
9.4
7.5
10.6
7.4

-3.5
12.7
12.4
15.4
10.6
13.1

7.4
3.4
5.5
11.2
2.1
-.3

-12.9
-1.7
-2.3
-9.5
2.6
-.5

23.1
4.4
-1.1
-13.3
7.3
15.3

7.0
19.8
13.3
20.3
9.2
32.0

14.1
10.9
12.8
2.8
19.5
7.6

4.5
13.3
13.6
8.2
16.9
12.7

17.5
16.3
10.6
10.8
10.5
26.9

-1.7
-1.1
10.6
14.4
8.4

9.7
7.2
20.9
-11.5
-20.3
9.1

-.1
.6

-1.8
^3.8
2.0

17.8
22.5
.6
29.3
49.8
-3.1

7.0
7.3
5.4
9.9
10.1
9.6

-2.7
-4.8
6.0
12.7
15.3
7.8

29.4
28.7
32.3
9.0
13.1
1.0

-1.1
.7

-17^6
-17.8
-17.3

-17.7
-24.7
18.6
5.1
7.3
1.0

5.1
7.3
.7

-13.1
-19.3
14.3
5.0
-.7
17.7

1.1
1.4
0
-8.9
-5.1
-16.3

42.0
48.5
20.6
9.8
14.4
.7

3.1
7.2
-11.2
10.5
10.9
9.9

19.5
20.3
16.4
-1.3
-1.0
-2.0

23.7
19.3
42.5
-.4
-3.1
5.8

-3.2
-.4
-13.3
9.3
14.5

2.1

Gross domestic product

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

2.8
2.7
2.9

-7.9

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local

5.3

4.4

4.4

4.1

4.0

10.2

7.1

4.7

5.1

1.9

-2.3

2.4

12.1

-3.4

4.7
3.3
12.0
6.1

4.2
-1.1
35.2

-1.9
9.3
-43.2
13.5

9.3
3.7
44.3
-2.6

4.4
3.4
9.5
3.4

9.4
9.7
7.4
11.4

15.0
15.2
14.2
-2.8

6.0
.9

5.0
-2.1
43.0
5.2

0
-1.9
8.5
4.5

-9.1

-7.9

1.3
2.0

-10.0
-9.0

-13.7
7.8

-1.4
3.7

12.9
2.3
66.2
11.1

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....

-.5
-.3
-1.4

1.9
-5.8
1.1

Gross national product
Disposable personal income

4.6

34.6
2.9

-13.4
5.7

-4A
12.9
6.0

4.3
9.0
5.6
7.5
6.0

.8
.3

14.1
7.4
5.8

9.9

2.9
2.7
8.2

6.5
14.1
13.9
14.3
-6.4

3.1
11.3
-7.1

-1.1

12.5
11.4
16.9
11.2
15.9
1.4

8.8
8.4
10.4
11.3
14.0
5.2

5.2

-3.3

1.9
-1.9
16.6

-9.3
-9.4
-8.9
4.5

-18.7

9.5

-3.7
-5.5
2.5
4.3

9.0
8.1
7.9

5.0
5.4
5.6

1.0
1.1
1.0

9.4
8.0

4.7
11.1

.8
5.0

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1960

1962

1961

1964

1963

Line

I

IV

III

II

I

IV

III

II

III

IV

I

II

I

IV

III

II

III

IV

Percent change at annual rate:
1

0.7

-5.0

2.3

7.7

6.8

8.4

7.2

4.4

4.0

1.0

4.8

5.3

7.9

2.9

9.2

4.8

5.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

-.99
-25
-.79
.06

.33
-89
.16
1.06

-.08
-1.89
.77
1.05

3.90
66
1.29
1.95

1.39
.77
.13
.49

5.22
1.54
1.69
1.98

2.71
.71
1.01
1.00

3.04
.83
.56
1.65

2.02
.28
.84
.91

3.49
1.47
.68
1.35

1.73
.71
.46
.57

2.44
.76
.48
1.19

3.50
.41
.94
2.15

2.11
.56
.08
1.47

5.09
130
2.12
1.67

4.48
90
1.99
1.58

4.63
1 15
1.96
1.51

.66
-116
.35
1.47

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-.35
-1.52
-.92
.03
-.95
-.60
1.17

-7.14
-.12
-.10
.56
-.66
-.02
-7.02

1.21
-.74
-.81
-.07
-.74
.08
1.95

4.01
.82
.74
-.24
.99
.08
3.19

4.75
1.37
.34
0
.33
1.03
3.39

1.03
1.85
1.19
-.07
1.25
.67
-.82

3.53
1.16
.80
.26
.54
.36
2.36

-.52
1.68
1.06
.51
.55
.62
-2.20

1.11
.48
.49
.38
.11
-.02
.64

-2.03
-.25
-.22
-.36
.14
-.03
-1.78

3.14
.63
-.08
-.49
.41
.71
2.51

1.06
2.57
1.13
.64
.50
1.44
-1.52

2.05
1.52
1.12
.10
1.02
.40
.53

.67
1.81
1.17
.27
.90
.63
-1.14

2.49
2.27
.95
.37
.58
1.31
.22

-.26
-.15
.95
.48
.47
-1.10
-.10

1.46
.93
1.26
.47
.79
-.33
.53

.45
.39
.76
.11
.64
-.37
.06

.21
.13

-.30
.78

-.08
.33

-.27
-.05

.93
.87

1.10
1.09

-.53
-.16

.14
.60

-.03
.43

.03

.28

72

72

-01

43

32

.01
-1.08
-1.13
.04

.05
-.41
-.28
-.13

.27
-.37
-.36
-.01

-.08
-.22
-.21
-.01

0
.40
.15
.25

1.26
1.65
1.47
.19
-.39
-.38
-.01

-.27
.16

.95

-.86
-.65
-.79
.13
-.21
.02
-.23

.45
.06

.28

-.64
-.12
-.18
.06
-.52
-.41
-.11

.85
1.22

.78

-.12
-.44
-.30
-.13

.15
.06
.03
.03

.37
.01
.09
-.08

-.15
-.37
-.39
.01

.16
-.45
-.43
-.02

.10
-46
-.39
-.07

.91

2.23

1.56

1.04

1.11

.40

-.52

.55

2.63

-.77

.54

1.15

-.72

-.03

1.17
1.01
.16
1.06

1.82
1.54
.28
-.26

.76

.63
-.23
.86
.48

-.01
-.22
.21
.41

-1.24
-.88
-.36
.73

1.58

-.07
-.39
.32
.61

.25
-.16
.42
.90

-.44

.26

-90

-51

1.32
1.05

-1.32
-.93
-.39
.55

-1.16

.21
-.03
.36

-.26
.44

.06
.41

1.0

Percentage points at annual rates:

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




13
14

.99
45

.81
0

15

28

03

11

16
17
18
19

.17
54
.67
-13

-.03
.81
.54
.27

.03
.07
.10
-.03

-1.15
-.93
- 1 10
.16
-.21
-.20
-.02

20

1.09

.96

.98

.94

21

.55

.52
-.13
.66
.43

-.24

1.17

.57

.94

.40

.37

-1.18
1.22

.77
-.23

.20
.34

22

31

23
24

.23
.54

.09
.67
.27

.06

.18

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-87—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1965

1967

1966

1968

1969

Line

I

II

IV

III

1

II

IV

III

I

I

IV

III

II

if

III

I

IV

II

1

10.2

5.5

8.4

9.9

10.3

1.5

2.6

3.5

3.7

-0.3

2.9

3.0

8.4

7.1

2.8

1.7

6.3

1.0

Personal consumption expenditures...
Durable goods
Nondurable goods
Services

2
3
4
5

9.1
44.5
4.7
3.8

4.5
.9
4.5
5.8

7.0
14.9
6.0
5.6

11.8
18.2
14.6
7.1

6.1
20.9
3.7
3.9

1.1
-15.7
3.5
4.9

4.6
14.4
2.7
3.5

1.7
.1
-1.5
5.6

2.4
-7.4
3.1
5.0

5.5
19.0
1.9
5.0

2.1
-3.7
.3
5.8

2.5
.6
2.3
3.3

9.6
28.2
9.0
4.7

6.4
7.9
5.2
7.2

7.8
19.5
6.4
5.5

1.8
-2.7
-.1
5.1

4.5
7.6
3.9
4.0

2.5
-1.2
2.0
4.3

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

47.6
19.6
29.9
22.1
34.8
1.4

-.3
11.8
16.1
30.9
7.8
3.2

14.8
11.2
15.9
4.3
23.6
1.6

1.7
9.4
18.4
19.8
17.4
-8.4

37.5
16.0
18.8
10.0
24.5
9.4

-6.6
-5.4
5.9
-7.6
14.7
-28.4

-3.5
-.2
4.9
9.2
2.4
-12.4

2.9
-11.8
-1.3
-12.9
6.1
-35.8

-9.6
-9.1
-8.3
4.1
-14.7
-11.5

-17.5
10.9
-1.1
-10.9
5.0
53.8

10.4
4.0
-2.0
4.2
-5.5
21.6

8.3
13.0
8.4
.7
13.0
25.4

10.1
9.9
13.1
8.2
16.0
2.5

17.6
-2.1
-6.9
-4.4
-8.8
10.5

-12.3
6.0
5.5
-2.6
10.3
7.4

4.6
10.3
12.6
8.5
15.0
5.1

28.5
12.9
11.9
6.1
15.3
15.2

-3.1
1.9
4.6
3.4
5.2
-4.2

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

-40.3
-47.1
-7.0
-13.7
-17.2
-5.3

80.4
98.9
26.6
56.2
79.4
13.6

-7.1
-12.0
13.6
1.7
3.6
-3.1

30.8
38.0
7.6
21.0
21.2
20.7

-5.2
-4.2
-8.9
10.7
10.8
10.3

-2.7
-6.7
14.2
10.3
6.4
20.7

2.7
1.2
7.9
24.4
28.4
15.2

7.1
8.7
1.5
4.6
4.9
3.8

6.0
-1.4
37.7
5.8
.4
19.9

-4.2
-.5
-16.4
-2.5
-10.2
17.7

-3.9
-6.1
4.2
5.4
3.4
10.0

9.9
6.9
20.5
22.9
42.8
-12.9

9.6
14.2
-4.9
25.4
35.7
2.9

6.9
5.9
10.4
6.2
10.1
-3.5

27.3
30.7
16.0
26.3
30.6
15.2

-8.5
-9.5
-5.0
-3.4
-£.5
5.7

-45.8
-43.9
-.4
-32.7
-42.3
-.7

116.3
157.3
21.2
105.5
157.1
14.5

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local

20

-.3

8.5

10.1

8.7

7.7

12.8

5.8

8.5

18.0

-1.8

2.4

3.5

7.3

2.0

.9

.9

-1.5

-.4

21
22
23
24

-3.7
-6.8
7.2
3.9

6.8
5.6
10.8
10.5

8.6
3.8
25.2
11.8

11.2
15.4
-.9
6.0

9.8
15.7
-7.3
5.2

21.7
22.4
19.4
3.2

6.8
14.0
-15.0
4.6

6.8
15.0
-19.4
10.6

30.3
26.1
47.7
4.8

-5.0
1.0
-25.7
2.2

3.1
6.0
-8.2
1.6

.5
-2.5
14.1
7.2

7.1
10.2
-5.0
7.6

-2.8
0
-13.8
7.8

-2.9
-6.8
16.0
5.5

-.9
-1.6
2.0
3.0

-5.0
-7.5
5.8
2.5

-3.4
-5.0
3.3
3.0

25
26
27

6.4
12.3
8.5

7.4
4.5
6.5

7.8
8.9
8.3

11.3
9.4
10.8

7.1
11.2
7.9

1.9
2.1
2.5

3.2
3.5
4.1

1.2
3.4
1.1

4.1
3.7
4.1

4.3
-.2
4.4

2.0
3.4
2.4

3.6
3.6
4.2

8.3
9.1
9.1

4.1
7.0
4.1

5.9
2.8
5.9

2.5
2.0
2.8

4.1
6.5
4.3

1.9
.9
1.8

28
29

10.5
3.8

5.6
4.8

8.1
11.7

9.5
8.6

10.3
3.5

1.5
1.0

2.5
5.4

3.6
4.8

3.7
5.7

-.3
3.0

3.2
3.7

2.9
2.8

8.4
7.2

7.1
7.1

2.9
1.1

1.7
2.7

6.3
.5

.9
3.9

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....
Gross national product
Disposable personal income
See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1968

1967

1966

1965
Line

II

I

IV

III

I

II

IV

III

II

I

II

I

IV

III

1969

I

IV

III

II

Percent change at annual rate:
1

10.2

5.5

8.4

9.9

10.3

1.5

2.6

3.5

3.7

-0.3

2.9

3.0

8.4

7.1

2.8

1.7

6.3

1.0

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

5.60
3.23
1.31
1.07

2.82
.09
1.21
1.52

4.39
1.25
1.62
1.52

7.22
1.52
3.79
1.91

4.02
1.75
1.12
1.14

.70
-1.48
.94
1.24

2.80
1.16
.73
.90

1.05
.01
-.40
1.44

1.41
-.65
.80
1.26

3.21
1.46
.48
1.26

1.27
-.32
.09
1.50

1.50
.05
.58
.86

5.83
2.18
2.34
1.31

3.94
.69
1.36
1.89

4.64
1.59
1.61
1.44

1.08
-.24
-.01
1.34

2.79
.67
1.02
1.09

1.54
-.11
.51
1.13

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

6.45
276
2.67
.76
1.91
08
3.70

-.02
170
1.54
1.05
.49
16
-1.72

2.32
1.66
1.57
.18
1.39
.09
.67

.30
1.43
1.83
.75
1.08
-.40
-1.13

5.31
2.32
1.88
.41
1.47
.44
2.99

-1.20
-.86
.60
-.32
.92
-147
-.34

-.60
-.04
.51
.35
.15
-55
-.56

.49
-1.84
-.14
-.55
.40
-170
2.33

-1.53
-1.34
-.91
.15
-1.06
-44
-.19

-2.94
1 45
-.12
-.44
.32
157
^.39

1.53
.55
-.21
.16
-.37
77
.97

1.24
1.76
.83
.02
.80
93
-.52

1.50
143
1.31
.31
1.00
11
.07

2.58
-.30
-.73
-.12
-.60
.43
2.87

-2.06
.84
.53
-.10
.63
30
-2.89

.67
142
1.21
.30
.91
.21
-.75

3.99
183
1.19
.23
.96
64
2.17

-.52
27
.47
.12
.34
-19
-.79

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

-1.90
-2.51
-244
-.07
61
.55
.07

.94
2.86
2 62
.25
-193
-1.76
-.17

-.45
-.36
-.50
.14
-.09
-.12
.04

.50
1.38
1.29
.08
-.88
-.63
-.25

-.74
-.25
-.16
-.09
-50
-.36
-.14

-.58
-.13
-.27
.14
-45
-.20
-.25

-.89
.13
05
.08
-103
-.83
-.20

.15
.35
.33
.02
-20
-.15
-.05

.07
.30
-.04
.35
-23
.02
-.25

-.07
-.21
-.01
-.20
14
.38
-.24

-.43
-.19
-.24
.04
-24
-.10
-.14

-.53
.46
.26
.21
-99
-1.19
.20

-.70
.46
52
-.05
- 1 17
-1.12
-.05

.02
.34
.23
.11
-32
-.37
.05

.01
1.22
1.05
.17
-121
-1.01
-.20

-.27
-.45
-39
-.06
17
.25
-.08

-.14
-2.07
- 2 06
-.01
1 92
1.92
.01

.11
3.69
348
.21
-358
-3.39
-.19

Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.01

1.77

2.12

1.90

1.71

2.61

1.25

1.84

3.78

-.46

.56

.82

1.77

.52

.24

.23

-.31

-.07

21
22
23
24

-.39
-.59
.20
.41

.77
.48
.28
1.00

.97
.34
.64
1.15

1.28
1.28
-.01
.63

1.14
1.32
-.18
.57

2.30
1.81
.49
.32

.79
1.21
-.43
.47

.79
1.34
-.55
1.05

3.29
2.29
1.00
.48

-.68
.08
-.76
.22

.39
.60
-.20
.17

.07
-.26
.34
.75

.94
1.04
-.09
.82

-.32
.02
-.34
.84

-.34
-.70
.36
.59

-.10
-.15
.05
.33

-.59
-.73
.14
.29

-.40
-.48
.08
.32

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




10

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1969

1972

1971

1970

Line
IV

III

1

II

III

IV

I

II

III

I

IV

II

1973
III

1

IV

II

III

IV

1

2.3

-1.9

-0.6

0.8

3.6

-4.2

11.6

2.2

3.1

1.0

8.1

9.5

4.0

7.1

10.6

4.1

-1.6

3.4

Personal consumption expenditures ...
Durable goods
Nondurable goods
Services

2
3
4
5

1.8
-1.1
.7
3.9

3.1
-2.0
2.4
5.5

2.5
-6.9
4.2
4.0

2.0
4.2
.8
2.4

3.5
1.2
2.7
5.1

-1.3
-25.9
3.2
2.9

8.0
53.2
1.3
3.5

3.7
9.4
1.5
4.1

3.1
11.1
0
3.6

6.8
18.9
3.4
6.4

5.4
10.1
2.5
6.5

7.5
10.1
10.2
4.4

6.2
10.9
5.8
5.2

9.8
23.5
7.1
8.1

7.5
28.7
4.4
4.0

-.4
-6.3
-3.4
4.5

1.7
-3.1
2.4
2.6

-1.0
-9.7
-1.5
2.2

Gross private domestic investment ....
Fixed investment
Nonresidential
Structures
. .
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

8.9
6.9
11.4
20.4
6.6
-32

-19.1
-9.7
-2.3
-2.9
-1.9
-26.2

-12.3
-1.6
-2.6
-3.0
-2.4
.8

1.3
-8.4
-1.9
-4.1
-.6
-24.1

6.6
7.1
1.8
1.5
2.0
23.1

-20.9
.5
-14.0
-4.4
-19.2
49.3

63.2
9.3
3.8
-1.1
6.9
23.1

12.6
17.4
5.8
-1.1
10.1
46.9

5.2
7.6
1.4
-1.4
3.1
21.2

-12.2
11.1
8.3
-1.2
14.5
16.4

30.5
19.3
14.2
11.0
16.2
29.5

26.6
7.3
6.8
2.2
9.5
8.1

7.0
4.6
6.6
.7
10.2
.9

3.9
20.0
22.7
6.4
33.0
15.1

28.1
18.1
20.1
13.8
24.0
14.1

16.4
3.3
17.0
13.1
19.2
-18.8

-12.7
-1.2
6.8
9.4
5.3
-15.9

12.4
-4.1
3.0
6.9
-17.8

Net exports of goods and services
Exports ...
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

-4.5
-9.7
16.4
-5.1
-7.9
3.4

7.3
14.4
-14.5
-4.4
-9.8
12.3

9.7
7.7
17.2
-1.3
.7
-6.6

14.0
10.2
29.0
8.1
3.2
22.6

-.6
1.1
-6.4
-.9
-1.2
0

5.7
5.1
7.9
6.4
11.7
-6.9

-3.4
-7.2
11.1
-4.7
-2.0
-11.7

-.4
-.7
.8
33.8
44.6
6.9

23.8
31.6
.7
9.1
14.9
-6.7

-36.9
-43.9
-7.1
-24.5
-31.0
-1.2

56.3
82.2
-6.1
72.6
90.8
27.3

-5.8
-9.1
6.9
-13.5
-17.6
.6

19.1
25.7
-1.6
8.5
18.1
-17.7

28.3
29.4
24.3
19.3
20.0
16.5

41.7
41.5
42.6
19.8
22.5
11.1

18.5
21.1
8.5
-11.0
-9.8
-15.3

3.6
-.4
20.8
-10.6
-6.0
-25.6

17.4
25.0
-10.4
3.1
3.0
3.0

Government consumption
expenditures and gross investment.
Federal
National defense
Nondefense
State and local

20

-.8

-4.5

-2.9

-3.7

1.6

-.4

-4.8

-1.4

-1.5

-1.1

5.1

.5

.7

2.4

-6.6

4.5

21
22
23
24

-2.1
-3.4
3.2
.6

-7.8
-4.9
-18.2
-.9

-9.3
-12.0
2.3
4.1

-9.5
-14.2
10.1
2.4

-6.1
-6.2
-5.6
9.5

-3.2
-4.1
-.2
2.3

-11.8
-13.5
-5.5
2.1

-6.0
-14.1
26.4
2.8

-4.2
-10.5
17.6
1.0

-7.8
-5.2
-14.9
5.1

9.3
4.7
24.2
1.6

2.7
1.3
7.0
-1.4

-16.0
-19.8
-3.7
3.4

-5.0
-6.0
-1.9
5.8

2.8
2.5
3.9
2.0

-3.8
-3.9
-3.5
.8

-16.7
-22.4
1.4
4.3

3.9
7.6
-5.8
4.9

25
26
27

2.0
2.3
2.0

-.1
-2.5
-.7

1.2
-1.1
.6

-.6
.5
-.9

3.6
3.5
3.6

-.8
-4.2
-.8

5.2
11.6
5.1

2.7
3.9
4.4

3.4
2.4
2.7

4.8
1.8
5.6

6.5
8.9
7.4

6.5
8.8
5.9

3.6
3.6
3.1

9.7
6.8
9.3

9.0
9.6
8.0

1.9
2.2
0

.6
-2.5
-.4

.5
2.4
-.4

28
29

2.2
8.0

-1.9
2.8

-.5
2.2

.9
7.0

3.5
5.5

-4.4
-1.5

12.1
8.2

2.4
5.9

2.8
1.5

1.2
4.3

8.2
2.2

9.4
3.7

4.2
8.9

7.1
16.0

11.0
5.3

4.3
3.7

-1.0
2.6

3.4
5.2

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers ....
Gross national product
Disposable personal income

1

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1971

1970

1972

1973

Line
Percent change at annual rate:
2.3

-1.9

-0.6

0.8

3.6

-4.2

11.6

2.2

3.1

1.0

8.1

9.5

4.0

7.1

10.6

4.1

-1.6

3.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

1.11
-.10
.18
1.03

1.90
-.17
.63
1.45

53
-.62
1.06
1.09

1.21
.34
.22
.65

2.23
.11
.72
1.41

-.71
-2.38
.85
.81

5.21
3.58
.50
1.13

2.29
.78
.39
1.13

1.94
.91
.02
1.01

4.09
1.51
.83
1.76

3.38
.86
.66
1.86

4.68
.88
2.49
1.32

3.73
.91
1.39
1.43

5.91
1.92
1.74
2.25

4.69
2.38
1.15
1.17

-.24
-.60
-.86
1.22

1.03
-.28
.58
.73

-.58
-.87
-.35
.65

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1.36
1.01
1.15
.71
.44
-.14
.36

-3.32
-1.51
-.24
-.11
-.13
-1.27
-1.81

-1.96
-.23
-.26
-.12
-.14
.03
-1.73

.19
-1.29
-.21
-.16
-.05
-1.08
1.48

.95
.98
.18
.06
.12
.80
-.03

-3.39
.05
-1.57
-.17
-1.40
1.62
-3.44

7.41
1.31
.38
-.02
.40
.94
6.09

1.87
2.35
.56
-.04
.60
1.79
-.48

.82
1.12
.15
-.05
.21
.96
-.30

-2.05
1.64
.85
-.05
.89
.79
-3.69

4.34
2.94
1.51
.40
1.10
1.43
1.40

4.04
1.22
.77
.09
.68
.45
2.82

1.21
.76
.71
.02
.68
.05
.45

.74
3.01
2.20
.24
1.96
.81
-2.27

4.42
2.79
2.00
.51
1.49
.79
1.62

2.78
.53
1.72
.48
1.24
-1.19
2.25

-2.34
-.22
.72
.36
.36
-.95
-2.11

2.14
-.70
.33
-.15
.48
-1.03
2.84

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.04
-.24
-.41
.17
.28
.33
-.05

.60
.37
.54
-.18
.24
.40
-.16

.57
.49
.31
.18
.08
-.02
.10

.30
.72
.42
.30
-.41
-.12
-.29

.01
-.03
.05
-.08
.05
.05
0

-.04
.31
.21
.09
-.34
-.44
.10

.06
-.17
-.30
.14
.22
.06
.17

-1.62
-.02
-.03
.01
-1.60
-1.51
-.09

.66
1.16
1.15
.01
-.50
-.60
.10

-.80
-5.37
-2.29
-.08
1.58
1.55
.03

-.82
2.32
2.38
-.06
-3.13
-2.80
-.33

.57
-.30
-.39
.09
.87

.44
.91
.93
-.02
-.47
-.75
.27

.29
1.36
1.11
.26
-1.07
-.86
-.21

.88
2.04
1.61
.43
-1.16
-1.00
-.17

1.79
1.04
.94
.10
.75
.52
.23

.91
.20
-.04
.24
.71
.31
.41

.87
1.10
1.25
-.15
-.23
-.19
-.04

Government consumption
expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

-.18

-1.05

-.69

.35

-.09

-1.02

-.33

-.33

-.24

1.17

.19

-1.36

.20

.61

-.26

-1.18

.92

-.24
-.32

-.94
-.47
-.48
-.11

-1.13
-1.18
.05
.44

-.71
-.57
-.14
1.06

-.37
-.36
0
.27

-1.34
-1.22
-.12
.32

-1.23
.58
.32

-.45
-.87
.42
.12

-.83
-.41
-.42
.59

.32
.13
.19
-.14

-1.75
-1.66

-.47
-.45
-.03
.67

-.35
-.27

-1.66
-1.70
.03
.49

.35
.50
-.15
.57

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




.06

-1.14
-1.37
.24
.26

.39

11

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1974

1975

1977

1976

Line

-3.0

1.1

-4.4

-2.2

-5.0

3.6

7.1

5.1

9.8

3.4

1.9

3.3

5.0

7.4

7.4

0.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

-3.4
-10.6
-5.1
.4

1.5
3.9

1.5

-«.4
-36.2
-5.5
3.4

3.1
9.7
1.7
2.7

7.2
8.8
8.9
5.3

6.0

4.5
12.7
1.2

9.0
22.8
8.2
5.9

3.8
1.0
5.4
3.2

4.2
3.8
3.5
4.9

5.6
7.5
3.5
6.8

4.9
17.6
2.4
3.5

2.2
10.0
-.7
2.3

3.9
5.5
.7
6.2

6.1
8.0
7.5
4.4

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-21.5

2.6

-53.9
-22.2
-222
-18.9
-24.0
-22.5

-12.1
-5.6
-10.1
-14.3

3.5
22.2
8.2
1.2
12.0
61.6

22.5
15.4
16.6
-1.2
26.5
12.6

29.4
24.4
12.3
15.7
10.7
54.2

24.4
4.8
8.0
6.3
8.8
-1.3

-8.2
7.6
14.3

4.9
3.6
9.7
13.9
15.1
8.5

-5.9
-7.7
.9
20.3
23.5
5.3

11.1
10.7
12.3
3.7
3.0
7.6

3.3
4.1
.4
-5.5
-4.7
-9.2

-12.8
-15.5
-2.7
5.8
5.8
5.5

2.9

4.2

Gross domestic product

-1.4
3.4

3.3
.8
1.7

-1.3
-6.7
-1.0
-1.5
-.8
-16.4

-21.5
-6.8
-4.4
-16.2
2.9
-12.6

-20.9
-10.9
^.8
-14.1

9.4

18.3
17.4
21.7
23.0
25.3
12.9

-18.3
-20.2
-9.2
-6.8
-6.7
-7.8

10.8
6.4
31.9
-3.9
-7.0
11.1

-9.0
-.2

-5.1
.8
-26.3

Net exports of goods and services
Exports
Goods
Services ..
Imports
Goods
Services ..

14.4
7.4
50.5
-13.0
-17.7

-7.7
8.9

-1.6
3.9
-34.5
-39.1
-10.2

-15.4
-17.3
-6.9
-28.4
-30.1
-21.3

28.1
3.3
2.7

5.1

46.0

19.8

17.5
7.3
11.4
5.2
47.6

6.9
4.8
-1.3
8.2

30.9

10.5
7.9
4.0
.3
6.1
18.7

12.0

.9
4.3
9.1
4.2
11.7
-6.4

7.0
8.0
2.8
37.6
48.5
.1

23.3
23.2
23.7
23.1
24.4
17.4

-1.3
-4.6
12.5
27.5
31.9
10.2

3.8
5.4
-2.1
18.5
21.6
5.3

11.6
7.8
27.2
17.3
18.9
10.4

40.2
10.3
3.6
2.5
4.2

2.9
20.3
-5.2

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

5.2

3.4

-1.5

1.4

5.9

-1.1

1.5

3.1

1.5

-3.8

-1.9

5.2
-.7
22.8
5.2

1.4
9.0
-16.8

3.5
.7
11.0
-.2

-1.9
1.0
-8.9
12.1

1.6

4.9

-2.6
-14.1
36.3
-.7

.8
3.7
-3.0

-2.5
-2.9
-1.7
4.5

1.4
-.2
5.5
4.4

-4.2
-6.5
1.6
5.7

-.3
.4
-2.1
-6.2

-1.2
-.7
-2.4
-2.4

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers

-.4
-5.1
-2.6

.4
1.4
.7

-1.5
-3.3
-.5

-3.3
-7.2

2.9
-8.2
-.5

4.5
2.5
3.4

3.6
9.2
5.6

6.3
12.1
8.5

6.0
4.1
6.7

3.4
2.0
4.9

-5.3
-5.8

.8
-3.4

-4.7
1.0

-2.7
-2.2

-5.5
-2.8

3.6
20.2

7.3
-5.2

9.6
7.1

3.4
3.0

0
7.0

Gross national product
Disposable personal income

1.2
-1.2
7.2
-1.1

.4

-.6

1.4
-1.2
7.7
-.4

1.8
2.6
-.2
3.7

-2.4
-9.2
14.7
.7

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1975

1974

1977

1976

Line

Percent change at annual rate:
-3.0

1.1

-4.4

-2.2

-6.0

3.6

7.1

5.1

9.8

3.4

1.9

3.3

5.0

7.4

7.4

0.5

Personal consumption expenditures .
Durable goods
Nondurable goods
Services

-2.02
-.92
-1.28

1.08

-4.01
-3.60
-1.42
1.01

2.08

4.50
.68
2.25
1.57

3.82
2.05
.91
.85

2.81
1.01
.33
1.47

5.57
1.80
2.06
1.72

2.33
.08
1.34
.91

2.59

.18

.98
.32
-.33
.98

3.50
.64
.90
1.97

3.24
1.47
.66
1.11

1.51
.88
-.12
.75

2.53
.50
.22
1.82

3.68
.68
1.75
1.26

Gross private domestic investment.
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-4.05
-1.52
-.03
-.08
.05
-1.49
-2.52

-.25
-.94
-.11
-.06
-.06
-.83
.70

-1.84
-.82
-1.15
-.59
-.55
.32
-1.01

4.71

1.44
1.09
.41
.01
.40
.69
.35

5.90
2.37
.73
.40
.33
1.65
3.52

2.91

.54
3.08
.84
.04
.79
2.24
-2.53

4.46
3.66
1.33
.54
.79
2.33
.80

4.00
.85
.91
.23
.68

-1.51

.97
.47
-.05
.52
.50

.15
.61

3.21

1.44
.39
.10
.29
1.05
3.28

Net exports of goods and services .
Exports
Goods
Services ....
Imports
Goods
Services ....

1.98

1.10

.16
1.72
1.37
.35
-1.56
-1.33
-.23

-2.01

-1.07

1.11
-.13

-.39
1.34
1.04
.30
-1.73
-1.54
-.19

-.10
-.30
.20
-1.91
-1.76
-.15

.30
.33
-.04
-1.36
-1.29
-.08

-1.33
-1.19
-.14

1.06

.73

-.39

.45
-.01
.46

.13

Gross domestic product
Percentage points at annual rates:

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




.99
.42
.57
.98

.61

.60
-.46
.60

.29
.26
.53

.73
.49
.86

.30
-3.61
-1.28

-11.90

-1.09
-.50
-.71
.21
-.59

-.19
-1.09
-2.33

-.82
-1.90

-2.97

3.92

-.94
-6.23

-1.09
-1.67
-1.52
-.14
.58
.12

1.18
.86
.42
.44
.33
.49
-.17

3.46
-.04
-.10
.07
3.50
3.34
.16

-1.31
-.12
2.53
2.18
.35

-1.80
.56
.52
.05
-2.36
-2.36
0

-.29

.34

1.32

-.20

.40

.71

.38

-.81

-.22
-.98
.76
-.07

.34
.07
.28
-.01

-.15
.07
-.22

.18
.07
.11
-.38

-.20
-.16
-.04
.60

.15
.01
.14
.56

-.36
-.40
.03
.74

-.02
.04
-.06
-.80

-4.06

.46

-3.66
-2.72

1.48

-1.43

1.94

.32
.86
1.41

.90
.15
.75

-.29
-.45
-.44
.89
.49
.41

-.02
-.07
-.30

-.72
.40
.24
.16
-1.12
-1.00

2.31
1.70
-.03
1.74
.61

.90

.51
.87
.66

-.06
3.15

1.26
1.56
.10

1.46
-.30
-2.77

.12
-.06
.18
-.12

.21
-.35
-.24
-.11

.77
.27
.26
.01
.50
.36
.14

.65

-.12

-2.15
-.47
-.49
.02
-1.68
-1.60
-.08

-1.54
-1.06
-1.01
-.05
-.48
-.41

.91

.10

-.15

.18
.18

.60
.40
.20
.31

.14
-.06
.20
-.03

-.22
-.58
.36
.07

12

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1979

1978
Line
I

II

IV

III

II

I

1980
III

IV

I

1981

II

III

IV

II

I

IV

III

1

1.1

16.3

3.9

5.5

1.0

0.3

2.9

1.3

1.3

-7.9

-O.6

7.3

8.0

-2.8

4.9

-4.6

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

2.2
-10.2
2.6
5.9

8.9
35.1
4.4
5.8

2.1
-5.5
4.3
2.7

3.2
3.0
4.9
1.9

2.7
-4.1
2.1
5.2

-.5
-8.8
-1.6
2.9

3.8
12.0
4.4
1.0

1.5
-10.2
3.2
3.5

-.4
-5.3
-.9
1.4

-6.8
-37.8
-5.1
-2.7

4.1
20.6
-.8
4.5

4.9
13.6
2.1
5.1

1.7
12.6
3.9
-2.6

.3
-15.2
1.2
3.8

1.9
13.7
0
.6

-3.1
-26.4
.6
4

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

6.8
29
3.2
-4.6
7.1
2.3

28.0
30 9
36.3
40.2
34.6
20.2

11.2
109
13.4
23.7
8.7
5.6

10.0
82
12.8
15.4
11.5
-1.1

-.2
3.6
9.9
-.3
15.5
-9.0

-.2
-25
-.6
7.5
-4.4
-6.9

-7.1
77
13.7
21.9
9.6
-5.2

-7.6
-3.9
1.0
13.8
-5.5
-14.8

-3.4
-4.6
5.0
7.5
3.6
-55.6

-31.5
-31.4
-19.1
-9.2
-24.3
-57.5

-26.3
4.4
3.3
3.1
3.4
7.8

48.6
17.9
8.8
12.7
6.7
49.4

44.6
3.0
6.5
-1.1
11.5
-6.7

-16.9
1 7
7.7
15.7
3.0
-14.6

25.5
-.1
10.2
10.2
10.2
-28.0

-13.0
-13
10.2
33.8
-3.5
-34.8

Net exports of goods and services
Exports
Goods
Services
Imports .
Goods
Services
.

13
14
15
16
17
18
19

9.8
5.6
24 8
29.7
30.9
23.7

49 0
68.2
-1 9
1.3
1.7
-7

4.2
2.6
104
5.4
4.8
8.2

169
17.2
156
5.7
5.3
7.5

.1
.3
-6
-1.2
-.9
-2.7

.7
3.0
-7 3
2.2
2.6
.3

14.7
19.8
-38
-6.0
-6.6
-2.7

26.1
33.9
-2.5
8.9
10.5
.6

13.1
13.3
126
4
.7
-1.4

7.7
7.3
9.5
-26.1
-28.5
-11.0

-1.5
-6.8
239
-25.8
-29.4
-3.6

-2.2
-1.6
-4.8
23.3
24.7
16.2

7.3
3.5
23.8
18.1
18.0
18.9

2.2
-.5
131
.7
.3
2.8

-8.2
-11.4
49
^.5
-3.7
-8.2

3.3
6.7
-84
12.0
13.6
3.7

20

.9

11.1

3.4

3.8

-3.5

4.1

.8

3.4

6.0

1.2

-5.1

-.6

5.5

1.0

-.9

2.8

21
22
23
24

1.5
24
-.3
.5

9.4
84
11.6
12.3

1.6
12
2.5
4.7

3.7
18
7.9
3.9

.3
1.5
-2.2
-6.3

4.4
7.0
-1.3
3.8

-.3
-.8
.8
1.5

1.8
4.3
-3.9
4.6

12.0
10.2
16.2
1.8

10.3
.6
35.2
-5.1

^.6
1.6
-16.8
-5.4

.8
4.3
-6.6
-1.6

8.6
7.7
10.6
3.1

12.7
12.9
12.2
-7.4

-.3
3.6
-8.8
-1.4

2.4
5.0
-3.6
3.1

25
26
27

.4
2.8
2.1

16.7
127
12.9

3.8
4.0
3.9

5.1
46
4.2

1.7
.9
1.6

-.2
.4
0

5.8
1.0
3.9

2.1
.1
.8

1.1
.2
0

-7.8
-11.4
-11.3

5.2
-3.5
2.2

3.4
9.9
5.8

1.7
9.1
2.7

.8
-2.9
.7

.6
5.2
1.0

-2.4
-3.8
-1.6

28
29

1.7
3.8

154
5.5

42
4.1

60
4.0

1 1
4.3

.8
-1.5

3.8
2.4

1.3
3.2

14
2.3

-8.2
-7.0

-.9
2.9

6.3
7.5

8.3
1.1

-3.0
-1.8

5.0
9.0

-4.1
0

Gross domestic product

...

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

. .
.. .

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1979

1978
Line

1

II

III

I

IV

II

1980
IV

III

1981

II

I

III

IV

I

II

III

IV

Percent change at annual rate:
1

1.1

16.3

3.9

55

1.0

0.3

2.9

1.3

1.3

-7.9

-0.6

7.3

8.0

-2.8

4.9

-4.6

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

1.23
-.98
.56
1.64

6.01
2.79
1.27
1.95

1.27
-.51
1.00
.77

2.00
.27
1.15
.58

1.70
-.34
.52
1.52

-.33
-.78
-40
.85

2.31
.95
1.04
.31

.89
-.90
.77
1.02

-.35
-.45
-.26
.37

-5.62
-5.59
-1.25
-.78

2.50
1.39
-.22
1.34

3.11
.99
.54
1.57

1.16
.93
.98
-.75

.15
-1.24
.28
1.11

1.15
.97
-.01
.19

-1.94
-2.21
.14
.14

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

1.45
.54
.43
-18
.61
11
.91

4.99
5.01
3.90
134
2.56
1 11
-.02

2.14
1.89
1.57
85
.72
32
.25

1.91
1.47
1.53
.60
.93
-.06
.45

-.12
.63
1.16
-.01
1.17
-53
-.76

-.07
-49
-.09
.30
-.40
-40
.42

-1.46
1.36
1.65
.88
.77
-.30
-2.81

-1.53
-.76
.11
.59
-.47
-.87
-.78

-.71
-.89
.64
.32
.32
-1.52
.18

-6.63
-6.48
-2.69
-.45
-2.24
-3.79
-.14

-5.01
.71
41
.14
.27
.31
-5.72

6.63
2.88
1.12
.59
.54
1.76
3.75

6.75
.54
.83
-.03
.86
-.30
6.21

-3.27
.31
.98
.72
.26
-.67
-3.58

4.23
.03
1.35
.50
.84
-1.31
4.20

-2.45
-.16
1.37
1.58
-.22
-1.53
-2.29

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

-1.67
.67
28
.39
-2.35
-203
-.32

3.09
3.27
3.29
-.02
-.18
-.19
.01

-.15
.33
.15
.17
-.47
-35
-.12

.79
1.30
1.04
.26
-.51
-.40
-.11

.11
.03
.04
-.01
.08
.04
.04

-.13
.06
.20
-.13
-.19
-.19
0

1.85
1.22
1.29
-.07
.64
.59
.04

1.31
2.13
2.18
-.05
-.82
-.81
-.01

1.22
1.15
.94
.20
.07
.05
.03

4.05
.75
.58
.16
3.30
3.11
.19

2.97
-.15
-.56
.41
3.12
3.06
.06

-2.33
-.19
-.09
-.10
-2.14
-1.90
-.24

-1.01
.78
.36
.42
-1.79
-1.51
-.28

.17
.24
0
.24
-.07
-.03
-.04

-.36
-.82
-.91
.09
.46
.32
.14

-.81
.30
.48
-.18
-1.11
-1.05
-.06

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.12

2.24

.65

.76

-.68

.79

.16

.67

1.17

.29

-1.08

-.10

1.09

.19

-.18

.56

21
22
23
24

.11
11
-.01
.01

.84
.52
.32
1.39

.13
.06
.07
.52

.31
.11
.20
.45

.03
.09
-.06
-.71

.36
.39
-.03
.43

-.01
-.04
.03
.18

.16
.25
-.09
.51

.97
.57
.40
.20

.88
.05
.83
-.59

-41
.10
-.51
-.67

.08
.27
-.18
-.18

.73
.47
.26
.37

1.06
.75
.31
-.87

-.02
.23
-.25
-.16

.22
.31
-.09
.34

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




13

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1982

1984

1983

1985

Line

-6.5

0.3

4.7

9.8

7.3

8.5

9.0

7.0

3.5

3.1

3.4

3.2

6.1

3.3

2.6
3.3
2.2
2.8

6.9
20.5
3.9
6.2

3.7
4.5
2.0
4.7

8.6
33.8
4.0
6.7

6.5
16.8
6.1
4.5

6.8
21.9
4.1
5.2

4.3
16.6
2.2
2.9

5.5
9.6
7.3
3.3

2.8
0
1.3
4.6

5.3
13.6
2.3
5.4

6.2
15.0
2.3
6.7

3.7
4.3
3.3
3.9

7.5
28.4
2.5
6.0

1.4
-14.4
3.2
4.7

-2.0

-6.0

-29.6

-13.8
-14.1
-12.8
-15.1
-12.4

-11.4
-12.9
-20.0
-7.5
-5.0

1.4
-7.5
-7.7
-7.4
44.9

14.5
8.2
-6.8
-15.1
-.8
78.0

47.2
18.2
5.8
-17.4
23.0
62.7

27.5
24.9
19.0
10.0
24.5
41.9

47.7
24.3
29.5
13.1
39.6
11.4

51.1
13.5
12.9
24.7
7.0
15.1

14.0
18.2
21.4
21.6
21.2
10.3

8.3
8.1
13.4
13.0
13.5
-5.0

-6.1
7.2
10.6
4.7
14.1
-2.0

-12.2
4.0
4.5
18.3
-5.6
2.6

6.7
3.9
6.1
.3
9.7
-2.1

-4.0
-2.5
-5.9
-8.4
-4.5
8.2

16.7
7.7
7.4
5.4
8.5

2.8
4.6
-3.0
-6.4

-14.1
8.0

-10.8
17.7

-16.9
-18.6
-10.9
19.9
25.1
-2.1

-16.6
-20.6
-3.0
-14.8
-19.5

1.3
2.7
-2.9
34.5
37.7
20.3

6.1
7.0
3.5
35.0
38.9
17.4

8.3
16.5
-13.3
21.1
24.3

11.5

6.7
6.0
8.8
9.5
12.5
-3.6

6.3

9.6
-1.7
52.2
36.2
32.7
55.6

10.3
9.8
11.8
17.8
17.4
20.1

13.8
-4.2
10.8
8.7
21.5

8.0
13.1
-5.7
12.3
10.9
19.2

-.3
-3.9
11.0

-10.9

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-1.9

1.1
1.3
.6
1.5

-35.7
-11.1
-8.6
-12.1
-6.1
-21.0

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1.7

2.4
14.6
.6
1.2

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

-5.9
-5.0
-8.0
-3.9
-1.5
-14.3

12.4
12.4
12.6
16.4
20.2
.2

8.9

-1.7
-1.4
-2.4
21.1
25.7
1.9

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

-.5

2.3

2.8

6.7

2.2

3.2

7.2

-6.5

4.6

9.2

2.9

7.7

4.8

8.2

10.1

1.8

.6
5.1
-9.7
-1.4

4.0
12.3

11.9
11.3
13.7
2.5

3.8

8.3
8.9
6.5
-1.1

11.8
3.0
38.4
3.2

-13.2

3.6
1.1
11.4
5.6

13.7
5.0
45.0
5.3

-1.3
-1.4

-15.3
1.0

6.7
8.0
3.3
-.3

12.1
15.6
1.9
4.0

5.5
4.7
8.0
4.1

9.0
10.7
4.1
7.4

13.9
17.1
4.8
6.8

0
2.2
-6.6
3.5

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers

-1.1
-6.0
-.6

-.4
.9
-1.3

-3.0
1.4
.3

6.3
12.5
8.9

3.5
11.3
5.8

6.4
6.0
6.3

1.9
3.9
2.5

-6.7

2.2
2.4

-2.7

10.0
2.8

8.5
9.6

5.6
-2.0

3.6
3.9

-15.3
-21.5
10.1

Gross national product
Disposable personal income

1.2
11.5
.8

10.5
-56.2
-.1

-1.3
6.7

-8.6
-12.0

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1982

1984

1983

1985

Line

Percent change at annual rate:
Gross domestic product

-6.5

1.7

1.52
.97
.16
.38

.09
.14
.46

-1.9

0.3

4.7

9.8

7.3

8.5

9.0

7.0

3.5

3.1

3.4

3.2

6.1

3.3

1.65
.23
.53

4.30
1.39
.93
1.98

2.49

5.66
2.31
1.04
2.32

4.30
1.27
1.46
1.57

4.46

.35
.52
1.63

2.93
1.31
.56
1.07

3.58
.78
1.66
1.14

1.81
0
.31
1.50

332
1.06
.52
1.74

3.90
1.20
.52
2.18

2.40
.36
.72
1.31

4.78
2.20
.56
2.01

.90
-1.35
.69
1.56

-538

1.96

5.96

3.90

2.68
.66
-.85
1.51
2.02
3.28

3.59
2.02
.41
1.61
1.56
.32

7.58
2.15
1.49
.97
.52
.66
5.43

2.52
2.85
2.38
.87
1.51
.46
-.33

1.33
1.56
.56
1.00
-.24
.20

-1.17
1.19
1.28
.21
1.07

-.09
-2.36

-2.37
.70
.58
.78
-.20
.12
-3.08

1.16

1.19
-.92
-.80
-.12
2.11
.77

6.61
3.62
3.11
.53
2.57

132

.21

.67
.76
.02
.75
-.09
.49

-.69
-.40
-.75
-.40
-.36
.35
-.29

2.73
1.27
.89
.24
.65
.38
1.46

-2.37
.48
.41
.07
-2.85
-2.58
-.27

-2.42
.72
-.10
.82
-3.14
-2.39
-.75

-.95
.77
.55
.23
-1.72
-1.39
-.33

-.40
.67
.75
-.08
-1.07
-.72
-.35

-.60
.60
.71
-.11
-1.20
-.89
-.31

.89
0
-.21
.21
.89
1.03
-.15

-2.01
-.13
-.08
-.05
-1.88
-1.85
-.03

-.02
-.43
-.27
-.16
.41
.13
.28

-.67

.64
.91
-.27
-1.89
-1.78
-.11

Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-7.49

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-.43
-1.56

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
See note at the end of the table.




-1.92
-1.13
-.77
-.37
-.78
-5.57

-1.76
.20
1.13
1.25
-.12

-.31
-5.47
-2.04
-.80
-1.25
-.43
2.16

-.83
-1.95
-1.79
-1.21
-.57
-.16
1.12

-1.00
-.42
-.58
1.21
-6.59

.87
.24
.30

^.30
-1.62
-1.38
-.24
-1.68
-1.71
.03

-.02
-1.50
-1.44
-.06
1.48
1.65
-.18

-.27
.54
.36
.18
-.86
.05

-2.58
.13
.18
-.05
-2.70
-2.40
-.30

.59

1.39

.51

.74

1.49

-1.35

.94

1.80

.57

1.51

.96

1.63

2.04

.39

.63
.54
.09
-.04

1.11
.77
.34
.29

.40
.09
.31
.11

.83
.64
.19
-.09

1.13
.22
.91
.36

-1.37
.73
-2.10
.02

.32
.07
.24
.62

1.23
.35
.88
.57

-.14
-.12
-.03
.71

1.08
1.03
.05
.43

.51
.31
.20
.45

.83
.73
.10
.79

1.30
1.18
.12
.74

0
.16
-.16

-.07
.64
.90
-.27

-.06
.09
.34
-.26
-.15

1.66
1.00
1.81

.38
.80
-.42
.10

-.81

.51
2.99

-1.25

.81

.59
.22
-1.49

-1.48
0

.39

14

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1987

1989

Line
3.7

1.7

3.8

2.1

3.0

4.3

3.4

7.1

2.7

2.1

5.3

5.0

2.2

1.9

1.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

3.5
8.0
5.3
1.3

4.4
14.1
4.3
2.2

7.2
39.7
.9
3.8

2.7
-5.9
3.7
4.6

.3
-22.9
2.6
5.8

5.2
18.2
2.9
3.6

4.5
17.8
.3
3.9

.8
-11.2
1.6
3.6

7.2
21.4
4.7
5.4

3.3
-6.4
4.4
4.9

4.7
11.6
4.5
3.3

1.5
-2.0
1.5
2.3

1.6
5.8
.2
1.5

3.6
8.5
3.9
2.2

-12.6
3.5
3.9

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

-.7
.6
-5.3
-9.0
-3.2
18.1

-7.8
-.5
-9.2
-32.6
6.3
25.0

-13.2
-2.6
-5.8
-13.9
-1.6
5.4

.1
2.4
4.3
2.3
5.3
-2.0

12.5
-8.8
-10.7
-10.5
-10.7
-4.6

.3
7.8
9.6
3.2
12.8
3.8

-1.6
7.2
13.6
18.0
11.5
-6.4

36.0
-1.1
-.8
7.6
-4.7
-1.9

-17.9
2.7
4.5
-11.7
13.5
-1.4

2.3
2.1
2.2
-4.7
5.7
1.7

4.1
3.6
4.8
-.5
7.3

16.6
2.8
6.2
7.6
5.5
-5.1

-4.8
.5
5.9
-4.7
11.2
-12.1

-4.9
7.5
12.5
16.1
11.0
-4.8

-2.7
-5.9
-5.7
-2.4
-7.2
-6.5

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

11.7
1.2
43.5
-.8
-2.9
9.7

4.7
7.9
-2.6
18.1
27.7
-17.3

9.9
6.5
18.4
11.7
8.7
26.5

16.1
17.3
13.2
3.4
2.8
6.2

1.0
^.3
14.5
-2.3
-6.4
18.1

17.5
18.1
16.1
10.7
8.4
21.5

18.6
26.3
2.2
8.1
10.0
.2

15.7
20.8
3.8
9.5
7.2
20.3

24.1
26.7
17.5
-1.8
-1.1
-4.9

7.4
6.3
10.4
9.3
10.2
5.3

12.8
19.9
-4.6
12.1
13.7
4.8

16.0
12.7
26.0
-4.8
-6.1
1.5

16.9
22.6
2.6
7.8
9.3
1.1

0
-4.3
12.8
3.6
2.6
8.2

11.5
13.5
6.5
5.3
5.7
3.4

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

3.1

8.0

9.8

-1.8

2.2

3.4

1.0

5.6

-3.0

.7

8.5

-2.3

6.6

3.9

2.1

-2.4
-3.2
.3
8.1

12.5
14.8
5.5
4.4

16.8
17.5
14.9
3.9

-5.7
-10.5
10.6
1.7

2.2
5.4
-7.1
2.2

6.1
10.2
-6.1
1.2

6.1
-15.4
1.4

6.0
-.7
31.2
5.2

-11.0
-4.9
-28.1
4.2

-4.3
-3.8
-5.9
5.0

-3.3
-42
-.1

13.2
9.5
26.4
4.9

-8.8
-13.4
7.4
3.1

9.3
8.8
10.8
4.5

3.8
4.8
.8
4.0

-2.2
-4.3
4.2
5.5

2.5
1.4
1.7

5.6
4.0
5.2

4.8
2.8
4.2

4.6
3.2
3.0

2.0
2.4
2.3

3.1
1.5
2.4

.9
.9
.4

1.5
-.3

4.6
-3.8

3.3
8.0

4.6
3.0

1.9
3.7

2.1
-1.0

1.8
2.1

Gross domestic product

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

11.6
11.5
11.5
-4.8
-4.0
-6.4

1.6

1.5

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1987

1986
Line

II

I

II

I

IV

III

1988
II

I

IV

III

1989
IV

III

I

II

III

IV

Percent change at annual rate:
1

3.7

1.7

3.8

2.1

3.0

4.3

3.4

7.1

2.7

4.8

2.1

5.3

5.0

2.2

1.9

1.4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

2.20
.65
1.12
.43

2.79
1.14
.92
.73

4.58
3.07
.21
1.30

1.80
-.56
.80
1.56

.32
-2.32
.60
2.04

3.43
1.48
.66
1.29

2.98
1.50
.09
1.39

.66
-1.05
.38
1.33

4.57
1.72
.97
1.88

1.84
-.01
.77
1.08

2.12
-.49
.90
1.71

3.09
.96
.95
1.18

.92
-.18
.32
.78

1.03
.48
.04
.50

2.29
71
.81
.78

.95
- 1 15
.73
1.36

Gross private domestic investment
Fixed investment
Nonresidential
Structures
.
...
Equipment and software
Residential
Change in private inventories

6
7
8
9
10
11
12

-.07
.10
-.67
-.42
-.25
77
-.16

-1.41
-.09
-1.17
-1.64
.47
1.07
-1.32

-2.39
-.45
-.71
-.58
-.13
.26
-1.95

-.01
.37
.47
.08
.39
-10
-.38

1.89
-1.52
-1.30
-41
-.88
-23
3.41

.01
1.20
1.01
.11
.90
.19
-1.20

-.29
1.11
1.42
.60
.82
-.31
-1.40

5.10
-.15
-.07
.28
-.35
-.08
5.25

-3.30
.44
.50
-.45
.96
-.06
-0.74

1.30
1.11
.98
.27
.71
.13
.19

.37
.32
.25
-.17
.42
.07
.05

.69
.57
.53
-.02
.55
.04
.12

2.61
.44
.67
.26
.42
-24
2.17

-.76
.08
.64
-.17
.81
-56
-.84

-.79
1.11
1.32
.52
.80
-21
-1.90

-.44
-.95
-.67
-09
-.58
-28
.52

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

13
14
15
16
17
18
19

.91
.74
.03
71
.17
.33
-.16

-1.33
.31
.37
-.06
-1.64
-1.99
.35

-.45
.66
.31
.35
-1.12
-.69
-.43

.72
1.08
.81
.27
-.36
-.24
-.12

.26
.10
-.22
.32
.16
.49
-.33

.10
1.22
.87
.35
-1.12
-.73
-.39

.45
1.33
1.27
.06
-.88
-.87
-.01

.14
1.19
1.09
.09
-1.04
-.66
-.38

2.00
1.79
1.42
.37
.21
.10
.10

1.48
.95
.69
.26
.53
.35
.17

-.33
.63
.39
.24
-.96
-.85
-.10

-.17
1.08
1.19
-.11
-1.25
-1.15
-.09

1.88
1.35
.78
.56
.53
.56
-.03

.64
1.44
1.38
.06
-.80
-.78
-.02

-.37
0
-.30
.30
-.37
-.22
-.15

.47
1.01
.85
16
-.54
-.47
-.07

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.64

1.64

2.03

-.36

.51

.77

.26

1.22

-.60

.19

-.11

1.69

-.46

1.29

.78

.42

21
22
23
24

-23
-.22
-.01
.87

1.16
1.03
.13
.48

1.58
1.24
.34
.44

-.56
-.82
.26
.20

.25
.41
-.15
.25

.62
.75
-.12
.15

.10
.45
-.36
.17

.61
-.03
.65
.60

-1.07
-.36
-.71
.47

-.37
-.27
-.11
.56

-.28
-.30
.02
.17

1.14
.63
.51
.55

-.80
-.97
.17
.34

.79
.56
.23
.49

.34
.32
.02
.44

-19
-.29
.09
.61

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




15

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1991

1990

1992

1993

Line

5.1

0.9

-0.7

-3.2

-2.0

2.3

1.0

2.2

3.8

3.8

5.4

-0.1

2.5

1.8

6.2

Personal consumption expenditures
Durable goods
Nondurable goods
Services

3.3
18.2
1.1
1.5

1.2

-3.3
-11.6
-4.6
-.7

-1.8
-13.1
-.3
-.2

3.0
1.3
2.9
3.3

1.3
5.6
.2
1.1

-.8

6.4

.8

-6.3
-3.0

14.8
6.7
4.7

1.9
2.3
-.6
3.3

5.8

-13.1
.7
5.0

1.5
-4.7
1.0
3.2

10.1
6.5
4.6

1.3
0

4.0
15.2
4.4
1.8

4.8
9.2
3.6
4.5

3.9
12.1
2.6
2.9

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

4.9
6.0
5.3
8.4
3.9
8.0

-.4
-9.4
-6.4
-1.9
-8.5
-17.2

-8.5
-3.3
3.8
-1.2
6.3
-21.3

-24.9

-15.3
-13.0
-9.7
-8.5
-10.3
-23.0

-3.1
-1.7
-2.7

10.8
1.3
-2.8

-23.1
7.6

13.4

-3.9
.6
27.4

-1.2
6.3
4.6
.5
6.0

15.3

13.6
13.3
11.4
3.3
14.5
18.8

.9
6.3
9.3
-2.0

1.8

30.4
17.0
15.8
-.6
22.9
20.4

10.2

-9.9
.7

17.7
1.6
-2.0
^8.4
.8

23.1
18.6
17.2
7.5
20.8
22.6

-5.1

-1.3
6.2
-17.8
-11.3
-11.3
-11.4

21.1
17.0
32.0
14.8
16.5
8.4

2.4
.2
7.7
11.2
16.4
-7.7

14.6
14.0
15.9
5.0
5.1
4.7

3.6
5.3
-.5
1.2
3.4
-7.9

2.0
4.1
-2.8
12.5
17.6
-7.2

2.3
3.1
.6
1.6
7.0
-20.1

4.0

1.8

1.2

-1.7

-1.7

3.1

-.5

2.1

3.1
7.0

.5
-1.8
7.4
1.7

-6.8
-9.6

-7.6
-12.9
8.1

-5.8
18.3
4.9

-.4
0
-1.5
-.6

4.9
5.9
2.6

Gross domestic product

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-3.2
-6.6
5.7
.7
-.3
4.7

15.8
15.6
16.3
5.2
2.1
20.1
6.2

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

-12.8
-7.9
-17.1
-3.4
-26.2

9.9
10.5
8.3
-11.5

-13.0

-3.6
-6.7
5.4
2.8

Gross national product
Disposable personal income

-1.1
-5.3
-3.3

-1.6
-3.0
-2.7

-1.1
.5

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers

-6.8
4.7

3.2
4.1
.7
.7

.1
-.3
.5

6.5
1.2
23.8
6.0

-1.7
-2.9

-2.7
.3

1.5

-9.1
5.8
-.7

7.1
12.2
-4.0
10.2
6.2
31.6

1.1

3.1
4.1
-1.0
6.1
.4

-.5
-6.7
16.1

9.8
12.1
.1

13.6
-1.4

11.1

8.1
9.6
4.8
12.0
13.4
5.7

-7.8
-11.1
.2

.1

1.1

-2.3
-2.7
-1.3
1.8

-1.1
-1.3
-.8
2.6

-4.8

3.9
3.3
6.8

21.8
30.8
3.5
16.8
17.3
14.6

1.0

.1

1.1

-5.0
-5.5
-3.8
4.5

3.3
3.0
3.2

5.3
5.7
5.6

-1.1
.9
0

3.2
2.9
3.6

5.6
5.8
5.3

3.7
6.9

2.9

-12.4

5.9
3.5
5.7

1.3
2.3

.5
-3.1
9.8
-.1

2.9
.1

5.4
7.7

.3
-6.7

2.0
6.1

5.2
5.6

-15.3

-6.3

See note at the end of the table.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1991

1990

1993

1992

Line

Percent change at annual rate:

5.1

0.9

-0.7

-3.2

-2.0

2.3

1.0

2.2

3.8

3.8

3.1

5.4

-0.1

2.5

1.8

6.2

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2.27
1.42
.27
.58

.75
-1.17
.15
1.77

.97
-.38
.19
1.16

-2.24
-.96
-1.02
-.26

-1.25
-1.07
-.08
-.10

1.92
.09
.61
1.21

.83
.40
.03
.40

-.57
-.48

4.18
1.03
1.39
1.76

1.32
.17
-.11
1.26

2.01

3.89

.56

.68
.56
.77

.74
1.36
1.79

.10
.01
.46

2.68
1.08
.91
.69

3.15
.68
.73
1.73

2.64
.91
.55
1.17

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

.71

-.08
-1.49
-.74
-.07
-.67
-.75
1.41

-1.34
-.51
.39
-.04
.43

-4.09

-.41
-.26
-.31
-.34
.03
.05

-1.26
.72

-.15

3.60
2.09
1.43
-.02
1.45
.66
1.51

1.78
1.73
1.09
.09
1.00
.64
.05

1.31
.45
.43
-.02
.46
.02
.86

.12
.86
.91
-.05

-.83

2.21
.19
-.23
-.25
.03
.41
2.02

.63

-1.96
-.90
-.64
-.26
-1.06
-2.13

-2.25
-1.95
-1.10
-.30
-.80
-.85
-.30

1.36

.90
.58
.29
.28
.32
-.19

.96
-.05
-.74

-.17
.85
.45
.01
.44
.39
-1.01

2.45
1.66
.20
1.46
.80
.61

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.84
1.40
1.00
.40
-.55
-.19
-.37

.04
.78
.54
.25
-.74
-.65

2.28
.91
.69
.22
1.36
1.26
.10

1.19
-.13
.43

.50
1.92
1.13

-.56

.79

1.31
1.07
.25

-1.42

-.09

-.37
-.31
-.46
.15
-.05
.05
-.10

-1.04
-.04
-.48
.44
-1.00
-1.00
0

-.45
.78
.64
.14
-1.23
-1.12
-.10

-1.23
-.81
-.81
.01
-.42
-.30
-.12

Government consumption expendHures and gross
investment.
Federal
National defense
Nondefense
State and local

1.26

.20

.01

.82

.36

.57
.09
.48
.69

.05
-.06

-.32
-.43
.12
.32

.28
.44
-.17
.54

.29
.28
.01
.07

Gross domestic product
Percentage points at annual rates:

See note at the end of the table.




.11
.15

-.90

.14
-.31

-.81
.50
.45
1.21

-.66
.57

-.85
.24
.02
.22
-1.10
-1.25
.16

.95
.45
-.52
-.42
-.10

.25

-.35

-.35

.05
-.12
.17
.20

-.62
-.65
.03
.27

-.87
.19
.34

-1.25
-.17

1.39

-.10
-.11
.01
.82
-1.98
.22
.37
.38
-.01
-.15

.79
.72
.07
.65
.07
-.16

.06
.25
.22
.02

3.06

-1.04
.21
.30
-.08
-1.25
-1.39
.14

-.19
-.61
.42

-.35
.71
.83
-.12
-1.06
-.54
-.52

.63

-.09

.44

.06

-.95

.10

.02

.23

.05
-.37
.42
.58

-.03
0
-.03
-.06

.42
.35
.07
.02

.06

-1.08

-.19

-.18
.24
.01

-.95

-.41
-.32

-.13
.13

-.09
.51

-.08
-.07
-.02
.32

-.31
.16

-.15
-.03
.20

.25
1.97
1.86
.10

-1.72
-1.46
-.26

16

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: Annually, 1930-97, and
Quarterly, 1947-97—Continued
[Percent; Quarters seasonally adjusted at annual rates]
1994

1997

1995

Line

3.4

5.7

2.2

5.0

1.5

0.8

3.1

3.2

2.9

6.8

2.0

4.6

4.4

5.9

4.2

2.8

3.7
5.3
5.0
2.7

3.4
3.5
3.4
3.4

3.0
4.4
3.6
2.4

4.0
12.4
4.3
2.2

1.4
-2.7
2.1
2.0

3.9
5.0
2.9
4.2

3.2
9.5
1.7
2.7

2.6
3.4
3.4
2.0

3.3
4.1
2.4
3.6

4.3
13.0
4.2
2.7

1.9

2.9
5.0
4.0
1.9

4.5
10.5
3.0
4.2

1.9

-0.1
.7
3.5

6.6
23.1
6.0
3.9

3.3
6.3
.6
4.2

17.4
5.9
4.7
-15.4
12.5
9.1

25.2
10.2
8.1
21.5
4.0
15.7

-5.8
4.3
7.3
-1.0

4.2
9.2
16.0
8.8
18.4
-7.7

-11.1
-2.5
2.5
5.8
1.5
-15.6

-3.3
4.5
2.6
-.3
3.6
10.1

12.5
9.6
9.5
-.8
13.1
9.7

7.1
12.0
13.1
10.8
14.0

22.5
13.9
11.6
10.5
12.0
20.6

15.7
-1.0

.7
6.2
10.0
23.0
5.9

13.6
8.3
10.9

10.3
-3.0

18.9
10.7
17.0
2.8
22.1
-4.4

24.7
11.7
14.0
-2.9
20.4
5.1

2.3
14.7
19.1
16.3
20.0
2.1

4.4
3.9
7.0
2.9
5.8

1.4
-3.8
14.8
7.9
8.1
6.9

17.3
19.7
11.9
18.9
22.7
2.3

14.1
.6
12.0
14.7
-.4

14.0
17.4
6.1
10.0
12.4
-1.4

7.2
9.1
2.5
8.8
7.0
18.9

17.8
15.4
24.0
1.2
1.0
2.6

11.0
7.0
3.9
3.5
6.4

2.3
4.9
-4.0
10.8
11.9
5.6

6.7
4.3
12.9
13.3
15.2
4.1

3.3
7.9
-7.4
14.4
14.9
11.8

28.7
24.3
39.8
6.3
7.5
0

7.5
13.6
-5.8
15.3
14.5
20.0

17.6
21.1
9.4
18.8
21.5
5.7

10.6
12.5
6.0
17.3
16.2
23.1

-.8
.2
-3.3
6.4
6.0
8.3

-4.8

3.3

7.5

-2.3

2.4

1.1

6.4

2.2

.1

-16.1
-13.5

9.6
7.0
14.9
-.3

8.6
7.7
10.7
6.8

-7.7
-8.1
-6.9
1.0

-1.4
-2.4
.7
4.8

-4.4
-12.5
13.8
4.4

10.4
10.5
10.1
4.2

-1.1
.1

-3.7
-2.2
-6.6
2.3

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-1.5
2.2
2.5

16.5
9.6
13.6
7.5

6.4
12.4

-4.0

.7

8.0

-4.6

-11.1
-16.9
2.9
1.0

-4.1
1.3
-14.5
3.9

13.9
15.0
11.4
4.4

-11.6
-19.1

1.8
4.1
2.5

3.6
6.0
3.9

4.4
1.4
2.6

5.5
7.5
6.3

2.0
3.6
2.9

3.8
-4A

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

5.4
6.8

2.3
2.8

6.2
2.0

2.5
4.9

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income

6.9
1.9

.8

-2.8
-3.9
-.5
.3

-1.4
-1.0
-2.4
2.2

-21.2
2.8

-3.3
4.1

NOTE.—Percent changes from preceding period in the current-dollar and price measures for these series are
shown in table 8.1.

Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product: Annually, 1930-97, and Quarterly, 1947-97—Continued
[Quarters seasonally adjusted at annual rates]
1994
Line

II

I

1995

IV

III

II

I

1997

1996

II

I

IV

III

IV

III

II

I

III

IV

Percent change at annual rate:
Gross domestic product

1

3.4

5.7

2.2

5.0

1.5

0.8

3.1

3.2

2.9

6.8

2.0

4.6

4.4

5.9

4.2

2.8

2
3
4
5

2.41
.41
.99
1.02

2.33
.28
.70
1.35

2.02
.35
.74
.93

2.75
.95
.88
.91

1.07
-20
.46
.81

2.60
.39
.60
1.60

2.15
.74
.35
1.06

1.76
.27
.69
.80

2.17
.32
.47
1.38

2.95
.99
.86
1.10

1.25
-.12
.44
.94

1.94
.39
.79
.76

3.01
.78
.60
1.62

1.32
-.23
.16
1.40

4.29
1.60
1.16
1.52

2.20
.48
.12
1.61

6
7

2.54
79

3.57
1 41

-.92
.60

.73

.27

.29

9
10
11
12

-.45
.89
.34
1.75

.52
.29
.60
2.16

-.03
.75
-.13
-1.53

.16
.11
-.65
-1.51

-.01
.30
.37
-1.19

1.81
1.38
1.02
-.02
1.04
.36
.42

1.16
1.74
1.41
.28
1.13
.33
-.58

3.26
2.04
1.28
.29
.99
.76
1.22

2.50
1.43
1.47
.21
1.27
-.04
1.07

.15
.95
1.12
.61
.51
-.17
-.80

2.06
1.24
1.20
.19
1.01
.04
.82

3.69
1.76
1.56
-.09
1.65
.20
1.93

.38
2.20
2.12
.46
1.65
.09
-1.82

1.42
.69

.81

.51
1.31
1.63
.23
1.39
-31
-.80

-.53
.66

.44

2.72
1.51
1.69
.08
1.61
-.18
1.21

-1.90
-.38

8

13
14
15

-.71
.13
-28

-.35
1.62
1.27

-.35
.97
.95

.24
1.39
1.20

-.27
.74
.66

-.29
.46
.37

1.66
1.82
1.13

.58
1.06
.84

-.82
.75
.35

.41

.35

.02

.19

.08

.09

.69

.22

.20

-1.32
-1.33
.01

-1.15
-1.17
.02

-1.01
-.68
-.33

-.74
-.83
.09

-.16
-.11
-.05

-.48
-.36
-.12

-1.57
-1.49
-.08

-.92
.84
1.04
-.20
-1.76
-1.39
-.37

.31

-1.96
-192
-.05

2.10
2.86
1.75
1.12
-.76
-.76
0

-.84
1.19
.99

-.84

-1.31
.36
.61
-.25
-1.66
-1.44
-.22

-.27
1.90
1.59

16
17
18

-1.02
.26
.40
-.14
-1.28
-1.17
-.11

-2.17
-2.05
-.11

-2.03
-1.60
-.43

-.88
-.10
.02
-.11
-.79
-.62
-.17

Percentage points at annual rates:
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
.
..
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

-71

.26
.22
.73

19

-.13

20

-.80

.14

1.46

-.67

.18

.36

-.15

-.90

.59

1.36

-.43

.45

.21

1.14

.40

.03

21
22
23

-.91
-.98
.06

-.31
.07
-.37

.97
.71
.25

-.90
-1.06
.16

-.09
-.04
-.05

.01
.01
.01

-.20
-.19
-.01

-1.22
-.67
-.55

.59
.36
.23

-.54
-.38
-.16

-.09
-.10
.02

-.29
-.58
.29

.66
.44
.22

-.07
.01
-.07

-.24
-.09
-.15

24

.11

.45

.49

.23

.27

.35

.04

.32

.63
.32
.31
-.04

.77

.11

.54

.50

.48

.46

.27

NOTE.—More detailed contributions to percent change in real gross domestic product are shown in table 8.2.
Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through




.40

.47
.21

17

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

1. National Product and Income
Table 1.1.—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-87
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line
1
2
3
4
5

Personal consumption expenditures
DurablG goods
Nondurable goods
Services
Gross private domestic investment

.

103.7

6
7
8
9
10
11
12

Gross domestic product .

1929

16.5
14.9
11.0
5.5
5.5
4.0
1.5

77.5
9.2
37.7
30.5

1930

1931

1932

1933

1934

1935

1937

1940

1941

1942

1943

1944

1945

1946

91.3
70.2

76.6

58.8

56.4

66.0

73.3

83.7

91.9

86.1

92.0

101.3

126.7

161.8

198.4

219.7

223.0

222.3

60.7

48.7

45.9

51.5

55.9

62.2

66.8

64.2

67.2

71.2

81.0

88.9

99.7

108.5

119.8

144.2

7.2
34.0
29.0
10.8

5.5
29.0
26.3
5.9

3.6
22.7
22.4

3.5
22.3
20.2

6.9
35.2
24.7

7.8
37.0
26.4

6.5
58.6
34 6

6.7
64.3
37 4

8.0
71.9
400

15.8
82.7
458

12.2

9.3

7.0
5.3
2.6
2.6
1.8
-1.1

3.6
2.9
1.4
1.5
.8
-2.4

3.1
2.5
1.1
1.4
.6
-1.4

4.3
3.3
1.2
2.1
.9
-.6

5.6
4.3
1.4
2.8
1.3
1.1

9.5
7.5
2.7
4.8
2.1
2.6

7.7
5.5
2.1
3.4
2.1
-.6

9.1
6.1
2.2
3.9
3.0
.2

10.4
8.5
6.3
22
4.1
2.2
1.9
-.3
43
3.4
.9
4.6
27
1.9

6.1

11.0
8.6
4.4
4.2
2.4
-.2

13.6
11.2
7.7
26
5.2
3.5
2.4

9.7
42.9
28.5
18.1

6.9
50.8
31.3

8.6
7.5
5.8
1.9
3.9
1.7
1.2

5.7
34.0
24.6
7.1

6.7
35.1
25.4

1.7

5.1
29.3
21.5
6.7

6.3
32.9
23.0

1.3

4.2
26.7
20.5
3.7

6.9
5.4
18
3.7
1.4
-.7

7.8
87
7.4
24
5.0
1.4
-.9

10.8
123
10.6
33
7.3
1.7
-1.5

31.1
251
17.3
74
9.9
7.8
6.0

-2.4

-2.2

-.9

7.1

39
29
1.0
6.3
34
2.8

48
36
12
6.9
38
31

141
118
23
7.0
51
19
39.8
29.0
25.3
3.6
10.8

1936

1938

1939

Net exports of goods and services

13

.4

.3

0

0

.1

.3

-.2

-.2

0

.9

.8

1.4

Exports
Goods
Services
Imports
Goods
. ..
Services
Government consumption expenditures and gross
investment.

14
15
16
17
18
19
20

5.9
5.3
.6
5.6
4.5
1.1
9.4

4.4
3.9
.5
4.1
3.1
1.0

2.0
1.7
.3
1.9
1.3
.6

2.0
1.7
.3
1.9
1.5
.4

3.0
2.6
.4
3.2
2.5
.6

3.9
3.3
.6
3.1
2.4
.7

48
4.1
.7
3.4
2.7
.7

8.7

10.9

13.1

4.0
3.5
.6
4.0
3.2
.8
12.8

3.8
3.2
.5
2.8
2.2
.7

8.8

2.6
2.2
.3
2.2
1.8
.5
10.6

2.8
2.4
.4
3.0
2.5
.5

10.0

2.9
2.5
.4
2.9
2.1
.8
9.9

13.8
9.7
33
6.4
4.1
4.3
1.0
54
45
.9
4.4
34
1.0

13.8

14.7

15.1

26.6

62.8

94.9

105.5

67
54
13
7.5
39
37
93.2

21
22
23
24

1.7
.9
.8
7.7

1.8
.9
.8
8.2

1.8
.9
.9
8.1

1.8
.9
.9
7.0

2.3
.9
1.4
6.5

3.2
.8
2.4
7.3

3.3
1.0
2.3
7.6

5.5
1.2
4.2
7.6

5.0
1.3
3.7
7.8

5.6
1.4
4.2
8.2

5.9
1.5
4.4
8.9

6.4
2.5
3.9
8.7

17.9
14.3
3.6
8.7

54.1
51.2
2.9
8.7

86.5
84.2
2.2
8.5

97.0
94.6
2.4
8.5

84.2
82.1
2.1
9.0

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

.

Federal
National defense
Nondefense
State and local

Line

1948

1949

1950

1951

1952

1953

1954

1955

1956

269.6
175.4

267.7

294.3
192.7

379.9
233.4

381.1
240.5

415.2

35.0
35.5
23.5
8.1
15.3
12.1
-.6

48.1
42.4
26.8
9.5
17.3
15.6
5.7

36.9

32.7
117.8
82.9
56.4

31.9
119.7
88.9

6
7
8
9
10
11
12

29.3
114.7
75.6
54.0

259.0
38.8
124.7
95.4

438.0
271.9

30.7
98.2
63.7
54.1

339.5
208.6
29.9
109.2
69.6
60.2

358.6
219.7

3
4
5

244.4
162.3
20.4
90.9
51.0

53.8

69.0

39.6
24.9
9.2
15.7
14.6
-2.7

48.3
27.8
10.0
17.8
20.5
5.8

50.3
31.8
12.0
19.9
18.4
9.9

50.5
31.9
12.2
19.7
18.6
3.5

54.5
35.1
13.6
21.5
19.4
1.9

55.8
34.7
13.9
20.8
21.1
-1.9

13
14
15
16
17
18
19
20

10.8
18.7
16.1
2.6
7.9
6.0
2.0
36.4

5.4

5.2

.7

2.4

1.0

15.5
13.3
2.2
10.1
7.6
2.5
40.6

14.4
12.2
2.2
9.2
6.9
2.4

17.0
14.2
2.8
14.6
11.2
3.4
68.3

16.3
13.4
2.9
15.3
10.8
4.5

.3
15.7
12.9
2.8
15.4
10.4
5.1

46.8

12.3
10.2
2.1
11.6
9.1
2.5
46.9

83.9

-.8
15.2
12.4
2.8
16.0
11.0
5.0
90.8

64.0
39.0
15.2
23.9
25.0
5.0
.4

86.5

21
22
23
24

Gross domestic product
Personal consumption expenditures

1947

1

22.6
18.2
4.3
13.9

24.2
18.4
5.8
16.5

27.6
19.9
7.8
19.2

26.0
19.6
6.4
20.9

45.0
39.3
5.8
23.3

59.2
52.4
6.8
24.7

64.4
56.0
8.4
26.4

57.3
49.3
8.0
29.2

2

Durable goods
Nondurable goods
Services . .

...

.

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

....

Net exports of goods and services
Exports
Goods
.
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

22.9
96.6
55.9

178.8
25.1
94.9
58.9

1971

38.1
130.8
102.9
72.0
68.1
44 5
18.2
26.3
23.6
3.9

1957

1958

1959

1960

1961

1962

1963

1964

461.5
287.0
40.0
137.1
109.9
70.5
69.7
47.5
19.0
28.6
22.2
.8

467.9

507.4

296.6
37.4
141.7
117.4

527.4
332.3

545.7
342.7

586.5
363.8

618.7
383.1

41.8
156 6
144.3
78.2

51.6
1682
163.4

88.1

74.6
465
18.1
28.4
281
3.9
-1.7

75.2
488
19.7
29.1
264
3.0
3.4

82.0
531
20.8
32.3
290
6.1
2.4

26.0
209
5.1
227
15.1
7.6
121.5

27.4
217
5.7
250
16.9
8.1
132.2

93.8
88.1
560
21.2
34.8
321
5.6
3.3
29.4
233
6.1
261
17.7
8.4

664.4
411.7
56.7
178 7
176.4
102.1

64.9
42.5
17.6
24.9
22.3
-.4

43.3
1529
136.1
78.9
75.7
494
19.6
29.8
263
3.2
2.4

46.9
1628
154.1

64.5

318.1
42.7
1485
127.0
78.5

138.5

145.1

695
58.1
11 3
52.0

769
62.8
141
55.3

785
62.7
158
59.9

798
61.8
180
65.3

2.3

4.0

86.8

21.2
17.6
3.6
189
12.8
6.1
91.8

23.9
19.6
4.3
199
13.3
6.7
100.1

.4
20.4
16.4
4.0
200
13.0
7.1
106.5

1125

25.3
205
4.8
228
15.2
7.6
113.8

54.9
47.0
79
31.9

567
49.3
74
35.1

613
53.7
76
38.8

639
55.5
84
42.6

674
56.0
11 4
45.1

659
55.2
107
47.9

17.6
14.4
3.2
17.2
11.5
5.7

20.6
165
4.2
223
15.3
7.0

97.2
630
23.7
39.2
343
4.8
5.5
33.6
267
6.9
281
19.4
8.7

Line
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

.

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal .
National defense
Nondefense
State and local
See note at the end of the table.




.

. . .

1965

1966

1967

1968

1969

1
2
3
4
5
6
7
8
9
10
11
12

720.1
444.3
63.3
191.6
189.5
118.2
109.0
74.8
28.3
46.5
34.2
9.2

789.3
481.8
68.3
208.8
204.7

13
14
15
16
17
18
19

3.9

1.9

834.1
508.7
70.4
217.1
221.2
128.6
118.7
86.4
31.5
54.9
32.4
9.9
1.4

911.5
558.7
80.8
235.7
242.3
141.2
132.1
93.4
33.6
59.9
38.7
9.1
-1.3

35.4
27.8
7.6
31.5
22.2
9.3

38.9
30.7
8.2
37.1
26.3
10.7

41.4
32.2
9.2
39.9
27.8
12.2

45.3
35.3
10.0
46.6
33.9
12.6

20

153.7

174.3

195.3

212.8

985.3 1,039.7 1,128.6 1,240.4 1,385.5 1,501.0 1,635.2 1,823.9 2,031.4 2,295.9 2,566.4 2,795.6 3,131.3 3,259.2
605.5 648.9 702.4 770.7 852.5 932.4 1,030.3 1,149.8 1,278.4 1,430.4 1,596.3 1,762.9 1,944.2 2,079.3
85.9
85.0
96.9 110.4 123.5
122.3 1335
1589
1812 201 7 214 4 2142 231 3 240 2
253.2 272.0 285.5 308.0 343.1 384.5 420.7 458.3 497.2 550.2 624.4 696.1 758.9 787.6
266.4 292.0 320.0 352.3 385.9 425.5 476.1 532.6 600.0 678.4 757.4 852.7 954.0 1,051.5
156.4 152.4 178.2 207.6 244.5 249.4 230.2 292.0 361.3 436.0 490.6 477.9 570.8 516.1
147.3 150.4 169.9 198.5 228.6 235 4 2365 2748 3390 4102 472 7 484 2 541 0 531 0
104.7 109.0 114.1 128.8 153.3 169.5 173.7 192.4 228.7 278.6 331.6 360.9 418.4 425.3
37.7
40.3
42.7
47.2
55.0
61.2
61.4
65.9
74.6
91.4 114.9 133.9 164.6 175.0
67.0
68.7
71.5
81.7
98.3 108.2 112.4 126.4 154.1 187.2 216.7 227.0 253.8 250.3
42.6
41.4
69.7
55.8
75.3
66.0
82.5
62.7
110.3 131.6 141.0 123.2 122.6 105.7
9.2
2.0
9.1
15.9
14.0
8.3
25.8
-6.3
17.1
18.0
-6.3
22.3
29.8 -14.9
-1.2
1.2
-3.0
-8.0
.6
-3.1
13.6
-2.3 -53.7 -56.1 -24.0 -14.9 -15.0 -20.5
49.3
57.0
59.3
66.2
91.8
124.3
136.3 148.9 158.8 186.1 228.7 278.9 302.8 282.6
38.3
44.5
45.6
51.8
73.9
101.0
109.6 117.8 123.7 145.4 184.0 225.8 239.1 215.0
11.0
12.4
13.8
14.4
17.8
26.7
31.1
23.3
35.1
40.7
44.7
53.2
63.7
67.6
50.5
91.2
55.8
62.3
74.2
127 5 122 7 151 1 1824 2123 2527 2938
3178
3032
36.8
40.9
46.6
56.9
71.8 104.5
99.0 124 6 1526
1774 2128 248 6 2678 2505
13.7
15.8
14.9
17.3
19.3
22.9
23.7
26.5
29.8
34.8
39.9
49.9
45.3
52.6
224.6 237.1 251.0 270.1 287.9 322.4 361.1 384.5 415.3 455.6 503.5 569.7 631.4 684.4

21
22
23
24

82.1
62.4
19.7
71.6

94.4
73.8
20.7
79.9

106.8
85.8
21.0
88.6

114.0
92.2
21.8
98.8

116.1
92.6
23.5
108.5

131.3
117.7
85.4
31.3
54.0
32.3
13.6

1970

116.4
90.9
25.5
120.7

117.6
89.0
28.6
133.5

1972

125.6
93.5
322
144.4

1973

127.8
93.9
33.9
160.1

1974

138.2
99.7
385
184.2

1975

152.1
107.9
44 2
209.0

1976

160.6
113.2
47 4
223.9

1977

176.0
122.6
535
239.3

1978

191.9
132.0
598
263.8

1979

211.6
146.7
65 0
291.8

1980

245.3
169.6
75 6
324.4

1981

281.8
197.8
84 0
349.6

1982

312.8
228.3
84 5
371.6

18

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.1.—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

4,213.0

4,452.9

4,742.5

5,108.3

5,489.1

5,803.2

5,986.2

6,318.9

6,642.3

7,054.3

7,400.5

7,813.2

8,318.4

2,498.4

2,712.6

2,895.2

3,105.3

3,356.6

3,596.7

3,831.5

3,971.2

4,209.7

4,454.7

4,716.4

4,969.0

5,237.5

5,529.3

281.2

Personal consumption expenditures

1984
3,932.7

2,286.4

Gross domestic product

1983
3,534.9

Line

326.9
884.7

401.3
958.5
1,535.4

419.7
1,015.3
1,670.3

450.2
1,082.9
1,823.5

467.8
1,165.4
1,963.5

467.6
1,246.1
2,117.8

443.0
1,278.8
2,249.4

470.8
1,322.9
2,415.9

513.4
1,375.2
2,566.1

560.8
1,438.0
2,717.6

589.7
1,497.3
2,882.0

616.5
1,574.1
3,047.0

642.5
1,641.6
3,245.2

831.2
1,174.0

747.2

781.5

821.1

872.9

861.7

800.2

866.6

955.1

1,097.1

1,143.8

1,242.7

1,390.5

670.1
490.3
176.0
314.3
179.8
65.4

714.5
527.6
193.3
334.3
186.9
21.8

740.7
522.5
175.8
346.8
218.1
6.6

754.3
526.7
172.1
354.7
227.6
27.1

802.7
568.4
181.6
386.8
234.2
18.5

845.2
613.4
193.4
420.0
231.8
27.7

847.2
630.3
202.5
427.8
216.8
14.5

800.4
608.9
183.4
425.4
191.5
-.2

851.6
626.1
172.2
453.9
225.5
15.0

934.0
682.2
179.4
502.8
251.8
21.1

1,034.6
748.6
187.5
561.1
286.0
62.6

1,110.7
825.1
204.6
620.5
285.6
33.0

1,212.7
899.4
225.0
674.4
313.3
30.0

1,327.7
999.4
255.8
743.6
328.2
62.9

-102.0

-114.2

-131.9

-142.3

-106.3

-80.7

-71.4

-20.7

-27.9

-$0.5

-87.1

-84.3

-69.0

-69.3

277.0
207.3
69.7
328.6
272.7
56.0

Exports
Goods
Services
Imports
Goods
Services

735.5

-51.7

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

363.3
928.8
1,420.6
736.3

570.0
417.4
152.7
264.7
152.5
-5.8

Services
Gross private domestic investment

1,286.9

564.2

Durable goods
Nondurable goods

303.1
225.6
77.5
405.1
336.3

303.0
222.2
80.8
417.2
343.3
73.9

320.3
226.0
94.3
452.2
370.0
82.2

365.6
257.5
108.1
507.9
414.8
93.1

446.9
325.8
121.1
553.2
452.1
101.1

509.0
371.7
137.3
589.7
484.5
105.2

557.2
398.5
158.6
628.6
508.0
120.6

601.6
426.4
175.2
622.3
500.7
121.6

636.8
448.7
188.1
664.6
544.9
119.8

658.0
459.7
198.3
718.5
592.8
125.7

725.1
509.6
215.5
812.1
676.7
135.4

818.6
583.8
234.7
902.8
757.6
145.2

874.2
618.4
255.8
963.1
808.3
154.8

966.4
688.9
277.5
1,055.8
885.1
170.7

878.3

942.3

997.9

1,036.9

1,100.2

1,181.4

1,235.5

1,270.5

1,293.0

1,327.9

1,372.0

1,421.9

1,487.9

413.4
312.4
101.0
464.9

438.7
332.2
106.5
503.6

460.4
351.2
109.3
537.5

462.6
355.9
106.8
574.3

482.6
363.2
119.3
617.7

508.4
374.9
133.6
673.0

527.4
384.5
142.9
708.1

534.5
378.5
156.0
736.0

527.3
364.9
162.4
765.7

521.1
355.1
165.9

521.5
350.6
170.9
850.5

531.6
357.0
174.6
890.4

538.2
352.6
185.6
949.7

735.9
344.4
252.5
92.0
391.5

Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

376.4
283.5
92.8
424.4

1947

1946

1948

1949

Line

I
210.6

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

237.5

240.7

244.9

254.7

260.8

267.7

274.3

266.6

268.0

265.6

156.5

160.5

164.0

168.2

170.9

174.7

177.6

275.6
178.4

270.4

153.1

177.3

178.9

178.3

180.8

14.7
80.6
44.8

17.1
85.1
46.6

18.7
86.3
48.1

19.4
87.7
49.4

20.0
90.1
50.4

20.3
92.1
51.6

22.0
93.6
52.5

22.0
95.1
53.8

22.5
97.0
55.2

23.7
97.0
56.9

23.4
97.3
57.8

22.8
96.3
58.2

24.8
95.3
58.8

25.8
93.5
59.0

26.8
94.3
59.7

32.0

33.1

34.5

33.7

32.4

32.7

41.0

45.0

48.1

50.3

49.1

40.9

34.0

37.3

35.2

19.4
13.6
6.2
7.3
5.9
5.5

Gross private domestic investment

232.0

148.9

25.0

Services

228.2

140.1

12.6
78.9
43.5

Durable goods
Nondurable goods

218.4

134.9

Gross domestic product
Personal consumption expenditures

23.5
16.1
7.4
8.6
7.4
8.5

27.4
18.7
7.9
10.8
8.7
5.7

30.2
20.9
7.9
13.0
9.3
4.3

33.2
22.8
7.9
14.9
10.4
.5

33.6
23.2
7.9
15.2
10.4
-1.2

35.6
23.3
8.3
15.0
12.3
-2.9

39.6
24.5
8.4
16.1
15.1
1.5

41.3
26.2

42.2
26.0

43.1
27.0

8.8
17.3
15.2
3.6

9.3
16.7
16.3

9.9
17.1
16.1
7.2

43.1
28.1
10.1
18.0
15.0
6.0

40.5
26.6
9.7
16.8
14.0
.4

39.2
25.5
9.4

38.6
24.1
8.9
15.2
14.5
-1.3

39.9
23.5
8.7
14.9
16.3
-A.7

5.9

16.1
13.7
-5.1

6.5

6.3

10.8

11.2

11.7

9.2

7.2

5.2

4.9

4.4

6.4

6.2

5.1

2.9

15.4
13.1
2.3
7.0
5.4
1.6

13.6
11.5
2.1
7.3
5.3
2.0

18.3
15.7
2.6
7.5
5.6
1.9

19.4
16.7
2.7
8.2
6.3
1.9

19.4
16.8
2.6
7.7
5.8
1.8

17.6
15.1
2.5
8.3
6.2
2.2

16.9
14.6
2.3
9.6
7.3
2.3

15.2
13.0
2.2
10.0
7.6
2.4

15.4
13.1
2.2
10.5
7.7
2.7

14.6
12.4
2.2
10.1
7.5
2.6

16.0
13.7
2.3
9.6
7.2
2.4

15.6
13.2
2.4
9.4
6.9
2.5

14.0
11.9
2.2
8.9
6.6
2.3

12.0
10.1
1.9
9.1
6.9
2.2

39.1

37.8

38.1

36.5

36.6

36.4

36.2

37.7

39.8

41.5

43.6

45.7

47.4

47.3

46.7

34.3
31.3
3.0
9.9

Federal
National defense
Nondefense
State and local

8.4

14.2
12.1
2.2
7.0
5.0
1.9

44.2

Government consumption expenditures and gross investment

7.3

13.0
10.3
2.7
6.6
4.5
2.0

Exports
Goods
Services
Imports
Goods
Services

28.7
25.5
3.2
10.4

26.7
22.6
4.1
11.1

26.2
21.9
4.3

23.4
19.5
3.9
13.1

23.1
18.1
5.0
13.5

22.3
17.6
4.7
14.1

21.5
17.7
3.8
14.8

22.4
18.1
4.3
15.3

23.7
18.1
5.7
16.1

24.6
18.1
6.4
16.9

26.0
19.1
6.8
17.6

27.5
20.1
7.4
18.2

28.5
20.3
8.2
18.9

27.6
20.1
7.6
19.7

26.8
19.0
7.8
19.9

11.9

1950

1951

1952

1953

Line

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
See note at the end of the table.




275.7

285.1

302.5

313.9

343.7

348.1

351.5

352.4

358.8

371.8

378.9

201.1

198.5

205.3

207.9

211.8

213.2

217.4

220.0

228.2

231.8

382.5
233.6

381.7

187.4

329.3
209.6

336.9

183.5

234.4

376.6
233.9

27.7
94.8
61.0

28.1
96.3
63.0

35.6
100.9
64.6

31.5
100.9
66.1

33.8
107.8
68.0

28.9
107.4
69.0

28.3
109.4
70.1

28.4
112.0
71.3

28.9
111.4
72.9

29.1
113.7
74.5

27.6
115.9
76.5

31.7
117.9
78.5

33.3
118.1
80.4

33.1
118.1
82.4

32.7
117.6
84.2

31.8
117.5
84.7

56.1

65.9

62.1

64.8

59.4

54.4

55.2

49.9

53.9

57.2

57.9

58.2

57.4

52.3

52.0
29.6
10.3
19.4
22.3
4.2

51.8
30.6
11.0
19.6
21.3
14.0

51.7
30.9
11.5
19.4
20.8
10.4

50.0
31.8
12.2
19.7
18.2
14.8

49.6
32.5
12.3
20.2
17.2
9.7

49.6
32.2
11.9
20.2
17.5
4.7

50.5
32.4
12.0
20.4
18.0
4.7

51.4
32.9
12.1
20.8
18.5
-1.5

48.3
29.8
12.2
17.7
18.5
5.6

51.9
32.5
12.6
19.9
19.4
5.3

54.0
34.3
13.1
21.3
19.7
3.9

54.6
34.8
13.5
21.3
19.8
3.6

55.1
35.9
13.7
22.1
19.2
2.3

54.3
35.4
14.0
21.4
18.9
-2.0

15.1
12.3
2.7
15.5
10.2
5.3

44.4
42.3
24.2
9.1
15.1
18.1
2.0

47.0
26.6
9.5
17.1
20.4
2.8

2.1

1.6

-.8

-.2

1.9

3.7

4.1

3.6

1.8

-1.1

-.8

-1.4

11.6
9.6
2.0
9.5
7.2
2.3

11.8
9.8
2.0

13.5
11.3
2.2
13.7
10.9
2.8

15.0
12.5
2.5
14.9
11.8
3.1

17.0
14.3
2.7
15.2
12.0
3.1

18.0
15.1
2.9
14.3
10.8
3.5

18.1
15.1
3.0
14.0
10.1

16.5
13.4
3.0
14.6
10.6
4.0

15.1
12.4
2.7
15.3
10.8
4.5

15.2
12.5
2.7
16.3
11.3

3.9

18.6
15.4
3.1
15.0
10.7
4.3

5.1

15.0
12.1
2.9
15.8
11.0
4.8

15.1
12.3

10.2
7.8
2.4

12.2
10.2
2.0
13.0
10.5
2.6

2.8
16.4
11.5
4.9

15.7
12.9
2.8
16.3
11.2
5.2

45.7

46.2

46.0

49.7

57.6

64.9

72.8

77.9

79.4

83.3

85.1

87.6

90.0

92.1

90.6

90.7

25.5
18.2
7.3
20.2

25.7
18.1
7.6
20.5

24.9
19.5
5.4
21.2

27.9
22.6
5.3
21.8

35.2
29.6
5.6
22.3

41.8
35.9
5.9
23.1

49.2
43.5
5.7
23.7

53.9
48.1
5.9
23.9

55.4
48.5
6.8
24.0

58.5
52.0
6.5
24.8

60.5
53.6
6.9
24.7

62.4
55.4
7.0
25.2

63.9
56.2
7.8
26.0

66.2
56.9
9.3
25.9

64.0
55.8
8.2
26.6

63.6
55.1
8.4
27.2

-.4

19

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.1.—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1954

1955

1957

1956

Line

376.0

403.1

411.4

419.9

426.4

428.8

434.7

439.7

448.6

457.6

459.6

245.9

252.1

257.1

261.3

265.3

266.9

269.6

272.8

278.2

282.5

284.8

466.8
289.4

31.8
118.8
88.1

31.4
119.9
89.9

33.2
121.3
91.4

36.5
122.3
93.3

38.8
124.0
94.3

40.5
125.0
95.8

39.4
127.5
98.4

37.7
129.1
100.1

37.8
130.0
101.8

37.6
131.3
103.8

39.4
132.7
106.0

40.6
134.5
107.5

40.1
135.8
108.9

39.8
139.2
110.5

51.2

54.7

57.8

64.2

68.1

70.0

73.9

73.0

71.4

72.5

71.2

71.8

71.9

73.2

53.5
34.5
13.9
20.6
19.0
-2.0

54.6
34.3
13.9
20.4
20.3
-3.4

56.8
35.0
13.9
21.1
21.8
-2.1

58.1
34.9
13.8
21.1
23.2
-.3

60.4
35.4
14.3
21.1
25.0
3.8

63.5
37.9
14.7
23.1
25.6
4.6

65.7
40.4
15.4
25.0
25.2
4.3

66.6
42.5
16.2
26.3
24.2
7.2

66.6
42.8
17.4
25.4
23.7
6.4

67.8
43.9
18.0
25.9
23.9
3.6

68.9
45.4
18.6
26.8
23.5
3.6

69.0
45.9
18.7
27.2
23.0
2.2

69.6
47.0
18.8
28.2
22.6
2.2

69.3
47.1
19.0
28.1
22.2
2.7

70.4
48.4
19.1
29.3
22.0
2.8

1.1

1.0

-.3

1.8

2.5

4.4

4.7

4.0

3.9

14.3
11.6
2.7
14.8
10.0
4.8

16.3
13.6
2.7
16.2
11.0
5.1

15.8
12.9
2.9
15.3
10.2
5.1

16.5
13.6
2.9
15.5
10.2
5.3

17.2
14.2
3.0
16.2
11.1

16.8
13.8
3.0
17.1
11.2

20.8
17.2
3.6
19.0
12.7

21.7
18.1
3.7
19.3
12.6

24.3
20.1
4.2
20.3
13.4

5.9

6.3

6.6

23.0
19.1
3.9
18.5
12.9
5.7

24.8
20.6
4.2
20.1
13.2

6.9

23.6
19.4
4.2
19.8
13.1
6.7

86.5

85.2

85.3

85.7

5.9
86.4

18.3
14.9
3.3
18.1
12.5
5.6

19.3
15.9
3.4
18.9
13.0

5.1

18.1
14.8
3.3
17.4
11.3
6.1

88.9

87.1

88.6

91.9

92.0

94.8

98.6

98.8

100.3

60.8
52.2
8.6
28.1

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

390.1

241.2

51.6

Services
Gross private domestic investment

381.5

238.8

31.1
118.7
86.2

Durable goods
Nondurable goods

376.7

236.0

Gross domestic product
Personal consumption expenditures

57.7
50.0
7.7
28.8

55.4
48.0
7.4
29.8

55.2
46.8
8.4
30.1

54.6
47.0
7.6
31.1

54.7
46.6
8.2
31.7

54.4
46.7
7.7
32.8

54.7
47.3
7.5
33.9

57.1
49.4
7.8
34.7

56.5
49.4
7.0
35.5

58.6
51.2
7.4
36.2

61.0
52.8
8.2
37.5

60.5
53.5
7.0
38.4

61.2
54.4
6.8
39.1

IV

I

.2

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

1958

55.9
47.7
8.1
32.2

1959

1960

1961

Line

I
454.6

509.2

510.2

514.2

527.9

527.1

529.9

539.9

550.3

316.5

321.7

323.9

327.4

333.3

333.3

524.6
335.2

528.9

310.4

335.7

340.6

343.5

36.6
140.8
116.4

37.3
142.8
118.9

38.5
143.9
120.3

41.5
146.1
122.9

43.2
147.7
125.6

44.1
149.3
128.4

41.8
150.9
131.2

43.2
150.8
133.4

44.1
153.6
135.6

43.6
153.0
136.6

42.4
153.9
138.9

39.9
155.2
140.6

40.9
156.0
143.7

42.1
156.5
144.9

58.7

65.5

73.2

76.2

82.2

76.5

79.3

79.7

78.7

68.1

70.3

75.8

82.3

63.0
42.0
17.6
24.4
21.0
-4.2

63.9
41.4
17.3
24.1
22.5

68.0
43.0
17.6
25.5
24.9
5.2

72.3
44.5
17.4
27.1
27.8
3.9

74.9
46.1
18.0
28.1
28.8
7.3

76.1
47.8
18.6
29.2
28.3
.4

75.2
47.7
18.5
29.2
27.5
4.1

76.4
50.3
19.5
30.8
26.1
3.2

74.4
49.0
19.4
29.6
25.3
4.3

73.9
48.6
20.0
28.6
25.3
-5.8

72.9
47.5
19.9
27.6
25.3
-2.5

74.0
48.5
19.6
28.8
25.5
1.8

75.7
48.7
19.7
29.1
26.9
6.7

20.4
16.6
3.9
19.5
12.6
6.9

20.4
16.3

20.5
16.4

4.1
20.1
12.7
7.4

102.3
61.3
54.2
7.0
41.0

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

496.1

302.8

64.6
43.6
18.1
25.5
20.9
-4.0

Gross private domestic investment

485.8

298.9

60.5

Services

472.4

293.8

37.4
139.5
113.9

Durable goods
Nondurable goods

458.9

290.8

Gross domestic product
Personal consumption expenditures

-1.7

-2.5

-1.4

.9

1.7

3.0

4.0

4.4

3.3

2.8

19.7
15.6
4.1
21.4
14.5
6.9

20.0
15.9
4.1
22.5
15.5
7.0

21.8
17.5
4.3
22.9
15.8
7.1

21.1
16.9
4.3
22.5
15.4
7.1

24.2
19.5

4.0
19.7
12.8
7.0

20.5
16.3
4.1
20.8
13.8
7.0

4.7
23.3
15.7
7.6

25.2
20.5
4.7
23.5
15.9
7.6

25.9
20.9
4.9
22.9
15.1
7.8

25.8
20.9
4.9
21.7
14.2
7.5

26.1
21.2
4.9
21.7
14.1

25.2
20.1
5.1
21.9
14.3

26.1
21.0
5.2
23.3
15.8

7.6

7.6

7.6

106.0

107.3

110.2

111.3

113.1

113.1

112.4

110.5

112.4

115.0

117.3

118.5

120.3

121.7

64.0
55.3
8.7
42.0

64.2
55.9
8.3
43.2

66.1
56.6
9.5
44.1

66.4
56.4
10.0
44.9

67.9
55.8
12.1
45.1

67.9
56.0
12.0
45.2

67.4
55.7
11.7
45.0

64.2
54.5
9.7
46.3

64.8
54.5
10.3
47.6

66.5
55.6
10.9
48.5

68.0
56.2
11.8
49.2

67.4
57.0
10.4
51.1

69.1
57.7
11.3
51.2

69.7
58.0
11.7
52.0

1.0

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

1.5
.7

77.9
49.5
19.4
30.2
28.4
11.2

1962

1963

1965

1964

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

IV

576.8
356.0

583.9

591.0

594.4

603.4

612.1

361.6

365.6

371.8

375.4

379.5

45.2
160.6
150.2

46.4
161.9
153.3

46.9
163.4
155.2

48.9
165.3
157.6

50.0
166.3
159.1

87.9

89.3

86.0

82.4
53.2
20.8
32.4
29.2
5.4

83.1
53.9
21.4
32.5
29.2
6.2

82.6
53.5
20.9
32.6
29.1
3.4

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
See note at the end of the table.




51.6
20.0
31.6
28.4
9.4

634.3

650.4

659.6

671.2

676.3

400.7

408.6

417.5

420.1

696.5
430.9

709.0

391.1

51.3
167.0
161.3

624.9
386.5
52.0
169.4
165.0

53.1
169.9
168.1

55.2
174.1
171.4

56.6
177.3
174.7

58.4
181.0
178.1

56.4
182.3
181.5

61.9
185.0
184.0

61.7
188.7
187.5

63.6
192.6
191.0

90.5

92.2

95.0

97.4

100.7

100.6

102.5

104.5

115.7

115.8

119.6

53.4
20.2
33.2
30.2
6.9

87.3
55.1
21.2
33.9
32.2
4.8

89.3
56.8
21.4
35.4
32.5
5.7

92.3
58.7
21.9
36.8
33.7
5.1

95.6
60.1
22.4
37.7
35.4
5.1

96.1
62.0
23.4
38.5
34.2
4.5

97.8
64.1
24.3
39.8
33.7
4.7

99.5
65.7
24.8
40.9
33.8
5.0

104.1
70.2
26.1
44.1
33.9
11.5

107.3
73.1
28.2
44.9
34.2
8.6

110.4
76.1
28.5
47.5
34.3
9.3

726.2

437.9

2.3

3.2

2.9

1.5

2.0

3.7

3.1

4.4

5.9

4.9

5.4

5.7

3.0

4.7

3.7

26.6
21.2
5.4
24.3
16.4
7.9

28.1
22.3

27.0
21.1

27.2
21.3

29.6
23.4

32.9
26.1

5.9
25.6
17.0
8.5

5.9
25.2
16.9
8.3

6.2
25.9
17.6
8.3

29.8
23.8
6.0
26.7
18.2

31.1
24.9

5.8
24.9
16.9
8.0

28.0
22.3
5.7
25.1
17.1
8.0

6.3
26.8
18.2
8.5

6.8
27.0
18.3
8.6

32.6
26.0
6.6
27.7
19.1

33.9
26.9
6.9
28.4
19.7
8.7

35.0
27.8
7.1
29.3
20.4
8.9

31.5
24.4
7.1
28.5
19.6
8.9

36.3
28.8
7.5
31.7
22.4

9.2

35.7
27.9
7.8
32.0
22.8
9.2

129.2

131.2

133.3

135.1

135.5

136.7

140.3

141.4

143.1

145.5

145.8

146.0

146.9

150.6

155.7

75.0
62.4
12.6
54.2

76.4
62.8
13.5
54.8

77.7
62.9
14.8
55.6

78.5
63.0
15.5
56.6

77.4
62.5
14.9
58.1

77.7
62.8
14.9
59.0

79.6
62.7
17.0
60.7

79.4
62.8
16.6
62.0

79.9
62.5
17.4
63.2

80.5
62.2
18.3
65.0

79.8
61.6
18.2
66.0

79.0
60.7
18.3
67.0

78.6
59.9
18.7
68.3

80.2
61.1
19.1
70.4

82.7
62.4
20.3
73.0

20

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.1.—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1967

1966
Line
I
1

772.3

2

Gross domestic product
Personal consumption expenditures

471.8
68.9
204.3
198.6

3
4
5
6
7
8
9
10
11
12

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

13
14
15
16
17
18
19

Net exports of goods and services
Exports .
Goods
Services
Imports ..
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

II

20
21
22
23
24

. .

III

IV

794.8
486.2

808.6
492.0

131.8

781.5
477.0
66.3
208.0
202.8
130.7

68.8
211.0
206.3
130.2

117.9
83.1
31.1
52.0
34.8
13.9

118.4
85.2
31.2
54.0
33.2
12.3

II

2.0
38.2
30.1
8.1
36.2
25.6
10.6
171.8
93.2
71 8
21.5
78.6

823.9

69.1
211.7
211.2
132.6

819.3
496.3
67.6
213.9
214.9
129.3

118.3
86.4
31.9
54.5
31.9
11.9
.8

116.1
86.9
31.2
55.7
29.2
16.5

113.8
85.5
31.7
53.8
28.3
15.4

1.5

39.0
30.6
8.4
38.2
27.2
11.0
177.7

40.4
31.9
8.5
38.8
27.7
11.1
182.4

2.3
41.7
32.5
9.2
39.4
27.7
11.7
191.4

117.4
85.7
30.9
54.8
31.6
6.3
2.1
41.1
32.3
8.9
39.0
26.8
12.2
192.7

97.0
76 2
20 8
80.6

98 7
78 8
199
83.7

105.3
83 4
22 0
86.1

105.2
84 6
20 6
87.5

107.3
86 9
203
89.0

IV

505.5
71.0
215.6
218.8
123.7

1

Gross domestic product
Personal consumption expenditures

2

Durable goods
Nondurable goods
Services
Gross private domestic investment

3
4
5

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

7
8
9
10
11
12

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

6

. ..

13
14
15
16
17
18
19
20
21
22
23
24

I

II

I

II

Gross domestic product
Personal consumption expenditures
Durable ooods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
See note at the end of the table.




1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

838.7
512.7

854.4
520.3

71.1
218.0
223.6
128.5

72.0
220.9
227.4
132.9

538.1
77.1
228.1
232.9
137.2

119.3
85.9
31.5
54.4
33.4
9.3

124.5
88.4
32.0
56.5
36.0
8.4

128.8
91.9
33.1
58.8
36.9
8.4

1.1

.2

40.7
31.6
9.0
39.5
27.0
12.5
196.3

41.9
32.3
9.6
41.7
29.5
12.1
201.0
109.4
882
212
91.6

881.4

II

1969
III

IV

I

905.7
551.9

920 9
568.0

937 8
576.9

9619
588.9

79.1
233.3
239.6
143.4

83.3
239.4
245.3
139.7

85.5
246.4
257.0
155.7

129.3
91.2
33.2
58.0
38.2
14.1

132.0
93.1
33.2
59.9
38.9
7.7

83.6
242.0
251.3
144.4
138.4
97.5
34.8
62.7
40.9
6.0

-1.2

-.6

-1.3

-1.9

43.2
33.6
9.6
44.4
32.1
123
207.4

44.8
34.9
9.9
45.4
33.2
123

46.2
35.9
10.3
48.2
35.1
131

211.0

47.0
36.6
10.3
48.2
35.4
128
214.4

1126
91 2
215
94.7

1133
92 3
21 0
97.7

1144
922
222
100.0

III

IV

II

600.2
85.9
251.1
263.2
155.7

IV

I

II

IV

997 2 10053
622.5
610.5
86.2
86.1
255.2
259.9
269.2
276.3

144.2
101.0
35.8
65.2
43.2
11.5
-1.9

146.4
103.0
36.7
66.4
43.4
9.2

160.3
150.2
106.9
38.9
68.0
43.2
10.2

-1.8

-1.3

218.5

41.9
31.6
10.3
43.8
30.8
130
219.1

50.9
39.9
11.0
52.7
39.1
136
222.9

51.0
39.5
11.5
52.4
38.5
138
227.6

228.7

115.8
931
22 7
102.7

1143
91 3
23 0
104.8

1152
91 8
234
107.7

1178
93 6
24 3
109.8

1171
93 7
234
111.6

III

IV

1972
III

III

977 0

154.1
148.3
107.6
39.4
68.3
40.7
5.8
.1
53.2
42.0
11.2
53.1
38.8
143

1973
1

II

1,018.2 1,034.4 1,051.9 1,054.2 1,099.9 1,120.6 1,140.8 1,153.1 1,192.5 1,227.5 1,252.0 1,289.7 1,338.4 1,374.4 1,394.1 1,435.3
633.7
643.8
655.8
681.7
695.7
662.5
708.0
724.3
741.7
778.2
759.9
803.1
827.9
843.1
861.9
877.2
86.9
82.1
92.7
84.9
86.0
95.5
97.8
101.5
125.2
104.9
108.1
117.0
1241
111.4
1238
121 1
2841
266 2
273 7 278 4
286 7 291 0
269 8
280 3
295 9
304 3
311 5
337 0
3205
3304
357 4
347 6
282.7
308.7
287.9
295 2
302.0
316.1
323.5
3318
365.6
3819
340 9 347.5
355.3
372.3
3905
398 7
156.0
183.4
179.1
150.6
153.9
148.9
171.3
178.9
212.4
193.1
206.5
218.5
232.6
246.1
241.8
257.6
148.8
148.8
151.0
152.9
159.1
168.0
173.2
179.4
198.7
211.0
222.0
189.9
194.5
227.8
232.0
2326
1094
1106
1105
1134
1081
107 9
1148
1179
123 3
1263
1291
144 2
1521
136 7
157 0
1598
39.5
40.3
40.6
40.8
41.5
42.3
43.1
438
541
45 8
46 6
47.3
49.0
513
568
57 7
71.7
68.6
69.1
70.0
67.2
69.0
74.1
79.7
87.7
71.1
77.5
81.8
98.0
92.8
100.1
102.1
394
40 4
40.7
45 0
48 6
546
583
615
682
74 3
66 6
69 6
77 9
75 8
72 7
75 0
5.1
5.1
-4.0
12.3
10.9
10.2
-3
13.7
3.2
12.0
7.5
106
182
1.8
98
25 0
2.4
.4
1.1
.8
-4.4
.9
-3.8
-3.1
-6.0
-8.3
-7.9
-7.1
-6.6
3.2
4.7
-1.1
547
57 3
57 6
58 3
59 5
595
62 4
560
662
721
81 0
635
631
883
943
1034
45.4
45.7
48.4
43.0
45.0
45.9
49.7
644
44.8
42.2
48.9
51.8
56.8
709
75 6
848
11.6
126
129
136
138
139
14 3
174
126
138
142
153
166
138
187
186
55.2
56.4
58.7
53.5
57.9
63.3
65.5
72.2
71.4
74.1
79.2
85.4
61.9
89.5
91.1
987
43 4
47 4
39.3
401
412
42 8
49 6
45 7
573
551
541
613
721
665
700
788
14.2
15.1
15.1
15.9
17.1
15.3
15.3
15.8
16.2
17.3
16.8
17.9
189
194
190
199
232.7
266.3
234.2
239.2
242.4
249.8
269.5
269.4
246.1
252.5
255.7
282.4
275.1
286.4
287.2
295.7
117.5
115.9
115.9
116.3
116.6
117.3
118.0
125.7
124.0
125.3
118.3
127.6
128.2
128.8
125.5
128.9
88.7
928
901
903
905
90.3
87 8
94 2
953
917
945
889
926
951
91 5
946
24.7
25.8
25.6
25.8
26.3
28.6
302
293
315
323
32.3
32 6
337
343
336
340
118.4
129.4
145.4
115.2
123.2
126.1
132.5
134.5
137.4
141.9
149.9
154.2
157.6
161.7
140.6
166.8
1974

Line

1

IV

1971

1970
Line

1968
III

III

3.2
38.2
30.4
7.8
35.0
24.9
10.1
165.5
88.8
68 3
20 5
76.7

I

I

II

1975
III

IV

I

II

1976
III

IV

I

II

1977
III

IV

I

II

III

IV

1,450.0 1,487.6 1,514.8 1,551.6 1,567.2 1,603.1 1,659.9 1,710.5 1,770.3 1,803.1 1,837.0 1,885.3 1,939.1 2,006.6 2,067.5 21124
895.4
951.4
959.2
984.4 1,013.7 1,047.2 1,076.0 1,111.1 1,131.1 1,160.8 1,196.1 1,231.6 1,260.3 1,291.9 1,329.9
923.6
123 2
144 4
1541
123 0
128 8
1186
128 3
165 3
1189
138 0
156 3
159 6
173 7
1788
1832
1892
380.4
391.7
404.5
415.6
445.4
452.7
369.1
396.8
435.1
462.6
472.6
427.8
483.9
492.2
498.7
5138
456.7
420 2 430 9 443 7
469 8
481 5
407 3
496 5
511 5
5221
538 6
5582
5741
5893
6100
626 9
244.1
218.7
252.3
245.5
255.9
216.8
237.7
247.7
274.8
291.5
296.6
305.0
326.7
355.1
378.2
385.4
235.4
228.7
230.7
234.9
239.9
231.5
239.1
275.8
247.3
260.1
269.1
294.5
311 9
335 6
3473
3613
167 4
172 5
175 4
1708
174 5
162 6
171.1
178 6
183 9
188 4
1951
214 3
2020
224 0
232 3
244 3
61.4
63.2
61.7
60.4
61.3
64.1
66 7
59.0
61.3
62.0
65.1
67 8
69 7
736
764
785
109.4
110.4
112.2
103.6
106.0
111.1
123.4
134.1
113.2
116.6
119.8
128.5
144.6
150.3
155.9
1658
67 4
57 7
67 5
60 0
59 9
80 7
69 0
64 6
68 7
762
806
925
111 7
97 6
1150
1169
17.4
20.4
5.6
-10.0
-14.0
-1.4
12.5
14.7
225
.3
208
105
148
195
241
30 9
-2.2
4.3
-5.6
-9.1
13.1
16.6
4.2
11.6
12.9
-1.1
-5.0
-7.2
-21.6
-217
-211
-303
134.4
123 8
138 0
1146
124 5
133 7
141 7
1431
1318
1460
1509
155 4
154 8
161 3
161 8
1571
1120
1071
931
100.6
101.2
109.0
105 9
1134
1135
1163
1190
1223
121 3
1262
121 0
1261
25.4
23.1
23.2
26.0
29 7
21.6
25.9
26.5
319
28.3
29.6
331
33 5
352
35 7
361
129.4
133.6
136.6
124.9
115.2
122.1
128.7
110.3
138.9
147.1
155.8
162.7
1764
183 0
182 9
187 4
106.4
110.6
112.3
100.9
88.8
92.3
98.8
104.0
113.5
121.3
134.7
128.9
147.6
153.2
153.2
156 6
23.0
23 0
24.3
24 0
23 0
24 7
25 4
27 9
215
23 3
258
269
288
29 9
29 7
308
317.4
338.8
306.2
327.0
350.9
356.1
363.3
373.9
380.3
381.5
402.4
384.6
391.5
413.0
418.5
427.4
152.4
135.6
139.2
145.5
148.1
150.6
157.2
157.1
132.5
158.6
175.4
160.9
165.6
170.3
177.1
181 4
99.7
99.9
103.3
105.6
1107
96.1
106.9
108.1
111 0
1121
1139
1162
1196
1233
122 9
124 5
35.7
43.7
36.4
39.5
42.3
42.5
46.2
47.0
44.3
46.5
46.6
49.4
50.7
52.5
538
569
173.7
193.2
202.8
181.8
187.9
205.5
210.9
216.7
223.2
223.7
222.9
232.1
241.4
225.9
237.6
246.0

21

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.1 .—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1978
Line
Gross domestic product
Personal consumption expenditures

1

.

2
3
4
5

Durable goods
Nondurable goods
Services

6

Gross private domestic investment

7
8
9
10
11
12

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
. ..
Services
Imports
Goods
.
. . . .
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

13
14
15
16
17
18
19
20
21
22
23
24

I

II

1979
III

IV

I

II

1980
III

IV

I

II

1931
III

IV

I

II

III

IV

2,150.4 2,276.6 2,338.5 2,418.0 2,470.9 2,529.3 2,601.5 2,663.8 2,732.9 2,736.9 2,793.6 2,918.8 3,052.6 3,086.2 3,183.5 3,203.1
1,359.8 1,419.0 1,452.1 1,490.6 1,531.5 1,566.9 1,620.1 1,666.5 1,716.0 1,719.3 1,777.1 1,839.2 1,893.1 1,926.7 1,970.5 1,986.4
204.7
210.2
210.3
216.9
199.8
213.1
239 2 224.3
187.0
205.0
211.5
218.9
220.0
223.8
233.5
228.3
575.2
679.7
524.4
542.9
610.5
635.8
657.6
686.6
699.5
718.5
745.8
756.2
763.2
770.2
558.5
593.9
671 4 688 6 705 2
648 5
726 2
746 0
765 5
792 0 8163
832 9 864 5
9422
991 8
897 0
9138
9681
497.3
396.2
429.3
4785
495.9
504.3
468.2
441.7
497.2
562.4
448.8
469.7
490.9
549.4
590 7 580.7
488.7
405.0
441.2
463.5
494.4
460.5
506.4
523.7
537.7
370.8
423.9
454.6
483.8
475.5
546.8
555.9
347 5
249 7 274 5 2881
3021
322 6 3403
349 3
391 7 408 9
3160
3598
359 6 375 0
426 6 446 3
125 7
79.2
88 6
102 0
1100
1191
141 9 147 5
185 7
95 8
104 8
130 3
129 8
133 6
158 3
1668
212.7
185.9
200.2
221.1
170.5
192.3
211.3
221.8
229.5
219.5
233.2
244.2
226.0
250.6
259.8
260.6
121 1 130 5
1435
141 2 134 5
135 8
1391
138 6
140 9
111 2 1159
120 2
131 3 132 0
128 9
109 6
27.4
25.5
24.3
25.0
28.5
23.9
12.1
8.6
9.9
7.8 -33 9
-9.1
388
11.7
44 0
24 8
-19.2
-23.4
-24.4
-37.2
-16.7
-39.3
-23.3
-24.6
-17.3
-29.0
3.3
-3.9
-17.0
-16.4
-10.2
-16.3
185 6
190 5 204 5
2107
2197
232 9 251 5 2671
275 9
282 5
164 0
2903
302 8
305 5
299 7 303 2
1612
175 7
125 0
1461
149 3
167 0
188 0 205 4
2178
224 2
2269
234 2
242 2
234 2 238 0
242 0
38.9
39.5
41.2
43.3
43.7
44.0
51.7
44.9
46.1
49.3
55.6
56.1
606
65 5
651
63.5
208 8
2151
2218
2431
2573
304 3 292 6 2792
2033
2298
2805
2992
319 7
322 0 309 9 3194
1751
1794
192 2 2041
1703
184 8
2168
2381
259 7
2341
2485
2520
270 2
271 8 260 5
2688
33.7
35.7
37.1
32.9
37.6
39.0
42.4
44.7
44.1
494
40.5
47.2
495
50.2
45.1
50 6
433.7
451.6
462.1
475.0
480.1
494.9
529.0
509.9
549.8
566.2
571.6
614.1
632.5
591.3
626.5
652.3
193.4
208.7
190.0
200.0
203.0
212.7
222.2
258.4
268.2
184.0
232.8
244.4
245.5
283.3
280.5
295.3
130 9
133 2
1474
126 9
137 0
139 5
1551
161 9 166 6
144 6
1698
1803
195 5
199 6 209 7
186 4
59.1
602
63 4
57 0
63.0
64 0
65 3
67.2
70 9
78.1
83 7
77.8
75 8
818
85 0
85 6
249.7
261.6
268.7
277.1
297.2
275.0
317.0
326.0
357.1
286.3
306.8
321.8
332.9
345.9
346.0
349.3
1982

1983

1984

1985

Line
1
1

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

2
3
4
5
6
.

.. ..

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

• .

.

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

II

III

IV

I

II

III

IV

1

II

III

3,193.8 3,248.9 3,278.6 3,315.6 3,378.5 3,489.6 3,582.9 3,688.8 3,813.4 3,909.4
2,023.0 2,048.8 2,093.7 2,151.7 2,188.4 2,260.0 2,319.4 2,377.9 2,427.1 2,481.4
251.2
255.7
316 7 326.1
234 0
236.6
2391
276.0
288.3
304.9
802.7
806.2
842.4
852.1
776.2
793.0
824.0
866.4
778.6
883.8
1 0128 1033 6 1 061 6 1,097 8 1 1264 1,1600 1 1888 1220 9 12441 1 271 4
495.7
525.2
529.2
526.3
543.7
483.5
578.0
639.5
709.3
736.0
533.4
546.7
520.5
530.8
551.4
582.2
523.3
615.6
636.3
666.6
441 9 430.6
4182
410.5
399 9
403.2
4196
460 7 485 2
447.0
170.4
156.7
183.8
179.6
166.2
151.0
174.4
147.8
155.5
164.5
244 3
243 2
255 3
2962
251 0 2478
268 6
2916
3108
2581
1023
130 9
148.2
162.6
104 8
102.8
112.8
168.5
175 6
181 4
-42
5.8 -39.8
-35.1
-7.7
-4.2
73.0
-21.5
23.9
69.3
-17.2
-30.3
-29.7
-24.6
-65.2
-5.0
-45.5
-71.3
-34.3 -103.5
272 5 2782
2937
2923
294 2
279 0 2651
270 6
286 7
3030
200.7
207.4
224.9
211.6
226.0
197.6
202.8
2183
2183
224 6
67.4
68.2
69.9
69.7
68.4
75.4
67.5
67.5
70.8
78.4
294 9
2991
3093
295 3
3434
388 0
3095
3180
3580
4065
257.2
257.6
242.5
285.9
245.8
241.5
262.8
299.6
322.5
337 9
52.7
52.1
53.4
55.2
58.4
51.9
53.3
57.5
65.5
68.6
662.7
750.7
771.2
675.8
688.9
710.1
719.1
731.3
742.7
795.5
314.7
334.2
343.4
344.4
300.6
307.0
328.9
355.8
361.5
376.2
2314
216 0
2621
225.0
240.9
243.1
2505
254 3
2761
2815
91 1
92 9
82 3
84 6
82 0
83 3
94 7
880
101 5
85 4
374.2
384.9
362.1
368.8
381.3
387.9
394.9
409.8
398.3
419.3
1987

1986

IV

1

II

III

3,974.7 4,033.5 4109 7 41701
2,517.1 2,568.0 2,632.9 2,682.1
326 7
338 0 351 8 356 6
889.7
898.7
910.5
924 2
1 300 7 1 331 4 1 370 6 1 401 3
753.2
721.1
734.2
743.6
695.7
681.9
704.9
7126
501 1 5143
521 5 529 8
1941
181.0
184.2
193.5
3201
3302
328 0
335 7
1834
1808
1813
1828
16.2
71.3
21 7
48.0
-91.4 -114.7
-103.1 -107.1
3065
2284
78.1
4096
339.9
69.7

3092
2312
78.0
4164
345 0
71.3

807.5
377.2
2821
95 2
430.2

IV

4 252 9
2 749 8
3791
932.8
1 437 9
727.7
711 4
523 8
1910
332 8
187 7
163
-117.2

4319 3
2 785 6
365 6
947 5
1 472 5
762 3
729 2
535 3
194 6
340 7
193 9
331
-133.6

303 9
2235
804
418 6
3444
74.1

297 0
2174
796
414 2
3405
736

305 3
2224
82 9
438 9
3628
76 0

829.0

305 9
225 7
80.2
397 3
3254
71.9
847.1

868.4

390.6
294 5
960
438.4

399.3
2997
99 6
447.9

408.2
3071
101 2
460.2

892.5
421 0
3191
101 9
471.5

905.1
4251
323 9
101 2
480.0

1988

1989

Line
I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
See note at the end of the table.




1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

4,375.3
2,825.1
372.7
957.3
1,495.1
764.0
733.6
529.1
190.9
338.2
204.5
30.3
-127.1

II

III

IV

I

4,415.2 4,483.4 4,537.5 4,612.3
2,857.0 2,928.6 2,970.0 3,011.4
424.7
387.3
420.5
397.3
950.6
956.9
969.1
994.4
1,519.1 1,547.0 1,580.4 1,619.7
737.1
754.2
733.6
762.6
740.6
738.5
749.8
734.6
520.2
516.6
524.3
509.3
173.9
168.3
170.1
165.4
346.3
348.3
354.2
343.9
218.3
224.1
225.6
225.3
15.7
-7.0
-12.7
28.0
-129.2 -138.5 -132.8 -139.4

312.0
220.5
91.5
439.0
357.7
81.3
913.2

314.2
223.0
91.1
443.4
365.1
78.3
933.2

320.1
224.5
95.6
458.6
374.8
83.9
959.7

334.9
235.9
99.0
467.7
382.5
85.3
963.2

421.8
319.9
101.9
491.4

434 8
330.7
104.1
498.4

452.0
343.7
108.3
507.7

446.1
334.6
111.5
517.1

337.5
234.3
103.2
476.8
389.5
87.3
977.6
452.1
341.9
110.2
525.5

II

III

IV

I

II

III

IV

I

II

III

IV

4,695.8
3,081.5
417.2
1,011.9
1,652.5
766.4

4,770.2
3,145.5
437.8
1,022.0
1,685.7
765.3

4,891.6
3,182.9
426.5
1,033.1
1,723.3
831.6

4,957.0
3,259.8
446.5
1,049.4
1,763.8
797.7

5,066.5
3,319.5
448.5
1,070.3
1,800.7
819.2

5,151.5
3,387.0
445.3
1,095.2
1,846.5
825.7

5 258.3
3 4601
460.5
1,116.5
1,883.0
842.0

5,379.0
3 5118
460.5
1,134.3
1,917.0
881.2

5 4617
3 572 9
467.5
1,161.3
1,944.1
875.4

5527 5
3 626 9
478.7
1,174.0
1,974.2
868.3
858.4
628.1
197.6
430.6
230.2
10.0
-79.6
509.4
370.2
139.3
589.0
483.1
106 0
1,111.9

5 5880
3 6751
464.3
1,191.9
2,018.8
866.7

749.9
780.7
764.3
768.5
799.5
807.5
822.9
839.4
833.0
520.7
536.9
540.1
551.1
566.3
571.8
584.5
596.0
607.1
167.3
175.3
180.3
177.5
182.8
184.0
189.0
189.0
182.3
353.3
361.6
359.8
373.6
383.5
389.5
400.5
406.9
418.1
229.2
227.4
228.4
238.4
229.6
233.3
235.7
237.0
232.3
16.5
1.0
63.1
19.7
17.0
18.2
19.1
48.2
36.0
-144.7 -142.8 -142.2 -121.0 -103.4
-S4.2
-S1.4
-96.3 -104.4
373.7
356.8
394.5
421.0
441.9
455.8
469.0
492.0
512.5
248.7
264.2
283.0
321.4
345.5
304.6
331.6
359.3
377.8
111.4
108.1
124.1
109.5
116.4
120.5
123.6
132.7
134.7
501.5
536.7
516.5
542.0
552.1
573.5
576.2
545.3
594.0
409.1
437.7
422.8
445.7
441.5
451.1
470.2
473.0
490.3
92.4
93.7
99 0
100.5
99 7
100 9
1033
1032
103 7
992.6 1,002.2 1,019.3 1,020.5 1,031.2 1,035.1 1,060.7 1,070.3 1,094.8
459 7 4615
4685
4612
4600
457 2 472 2
470 4 482 6
350.6
356.5
355.6
355.7
354 9 351 9 361 1 3551
3633
109.1
105.0
112.9
111 1 1153
1194
105.6
105.1
105.2
532.9
540.7
550.8
571.2
559.3
588.5
612.2
578.0
599.8

490 0
369 8
1202
621.9

850.1
622.3
197.9
424.4
227.8
16.6
-77.6
522.0
379.4
142.6
599.6
491.5
1081
1,123.9
487 2
364 8
1224
636.8

22

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.1.—Gross Domestic Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1991

1990

1992

1993

Line

II
5,962.0

6,015.9

6,080.7

6,183.6

6,276.6

6,345.8

6,469.8

6,521.6

3,893.4

3,958.6

3,998.2

4,023.6

4,123.1

4,171.5

4,225.7

4,318.3

451.0
1,270.9
2,171.6

439.4
1,267.8
2,197.4

441.4
1,281.0
2,236.2

448.9
1,284.9
2,264.4

442.5
1,281.5
2,299.5

459.0
1,305.2
2,358.9

463.3
1,309.2
2,399.1

474.2
1,326.0
2,425.4

486.6
1,351.4
2,480.3

Services

5,844.9

5,847.3

3,806.2

3,871.6

486.4
1,221.7
2,046.7

Durable goods
Nondurable goods

5,800.0

3,754.8

Personal consumption expenditures

I

5,886.3
3,904.6

5,720.8

Gross domestic product

IV

I

469.2
1,233.2
2,103.8

463.7
1,258.5
2,149.3

IV
6,655.5

6,795.5

4,350.6

6,596.7
4,421.3

4,488.2

4,558.7

487.6
1,355.7
2,507.3

507.5
1,370.4
2,543.4

520.8
1,379.6
2,587.8

537.9
1,395.0
2,625.8

881.6

780.5

801.5

832.1

810.9

867.2

878.7

909.8

938.0

943.6

943.0

995.8

801.8
616.8
194.5
422.3
185.0
-15.3

798.3
611.7
189.7
421.9
186.6
-17.7

800.5
605.9
177.6
428.4
194.5
1.0

801.1
601.1
172.0
429.1
200.0
31.1

811.8
600.1
170.2
429.8
211.8
-1.0

845.4
621.5
170.7
450.7
223.9
21.8

859.6
633.0
172.6
460.4
226.6
19.1

936.1
683.2
179.2
503.9
252.9
7.0

978.8
711.4
184.2
527.3
267.3
17.0

-78.8

-72.1

-33.4

-12.6

-22.3

-14.5

-7.7

-27.1

-36.4

901.9
659.3
176.7
482.6
242.7
36.1
-46.5

919.3
675.2
177.5
497.7
244.1
24.3

-60.7

889.6
649.9
175.4
474.5
239.7
20.2
-40.1

-57.3

-72.0

-66.2

554.6
399.8
154.9
615.3
497.4
117.9

555.3
394.6
160.7
634.1
511.3
122.7

577.1
408.2
168.9
649.2
522.9
126.3

577.1
414.8
162.3
610.5
488.3
122.2

602.5
428.8
173.7
615.1
493.5
121.7

602.3
423.9
178.4
624.5
504.6
120.0

624.5
438.1
186.4
639.0
516.5
122.5

629.5
442.1
187.5
637.3
516.8
120.5

633.4
445.9
187.5
660.5
541.0
119.5

637.2
447.7
189.5
673.6
557.2
116.4

647.0
459.0
188.0
687.1
564.4
122.7

646.4
451.2
195.2
692.9
570.8
122.1

660.6
462.2
198.4
717.9
593.2
124.7

646.4
447.9
198.5
718.3
592.8
125.6

678.8
477.7
201.1
744.9
614.4
130.5

1,171.4

1,182.7

1,213.1

1,228.6

1,235.5

1,238.4

1,239.5

1,257.3

1,265.1

1,277.8

1,281.8

1,279.5

1,289.1

1,296.2

1,307.1

502.0
372.1
129.9
656.5

Federal
National defense
Nondefense
State and local

786.5

824.2
627.2
197.0
430.2
196.9
-11.3

1,158.5

Government consumption expenditures and gross investment

812.8

847.6
635.4
205.2
430.2
212.1
21.9

541.6
391.6
150.0
615.8
500.4
115.4

Exports
Goods
Services
Imports
Goods
Services

869.4

849.3
625.1
204.2
420.9
224.2
33.7

-74.2

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

883.0

867.7
633.6
203.7
429.9
234.1
13.9

Gross private domestic investment

506.9
373.4
133.5
664.6

505.8
370.4
135.4
676.9

519.1
383.5
135.6
694.0

530.3
390.7
139.6
698.3

532.2
389.7
142.5
703.3

526.9
383.5
143.4
711.5

520.1
374.1
146.0
719.4

527.1
373.8
153.4
730.2

530.5
376.9
153.6
734.5

540.6
384.8
155.7
737.2

539.9
378.5
161.4
741.9

528.9
367.4
161.5
750.5

525.3
364.3
161.0
763.9

526.9
363.9
163.0
769.3

528.0
364.1
164.0
779.1

1994

1996

1995

1997

Line

II
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local

I

I

III

III

IV

7,432.8

7,529.3

7,629.6

7,782.7

7,859.0

7,981.4

8,124.2

8,279.8

8,390.9

4,868.6

7,342.6
4,943.7

5,005.2

5,058.4

5,130.5

5,218.0

5,263.7

5,337.9

5,429.9

5,470.8

5,575.9

8,478.6
5,640.6

578.2
1,475.8
2,814.7

584.4
1,492.2
2,867.1

596.2
1,502.6
2,906.3

600.0 606.4
1,518.5 1,539.6
2,939.9 2,984.4

621.3
1,569.4
3,027.4

616.7
1,578.8
3,068.2

621.5
1,608.4
3,107.9

635.1
1,626.8
3,168.0

624.4
1,627.3
3,219.1

652.4
1,653.1
3,270.4

658.3
1,659.0
3,323.3

1,146.1

1,162.8

1,133.1

1,123.5

1,155.6

1,172.4

1,231.5

1,282.6

1,284.3

1,324.2

1,397.7

1,405.7

1,434.5

1,071.6
781.8
193.9
587.9
289.8
74.6

1,100.1
812.5
200.5
612.0
287.6
62.7

1,097.2
820.3
204.8
615.5
276.9
35.8

1,110.1
825.2
206.2
619.0
284.9
13.4

1,135.4
842.3
207.0
635.3
293.1
20.2

1,165.6
865.1
213.4
651.7
300.5
6.8

1,201.7
885.4
220.0
665.4
316.3
29.8

1,232.6
913.6
226.3
687.3
319.0
50.0

1,250.9
933.7
240.3
693.4
317.2
33.5

1,275.5
955.5
246.9
708.6
320.0
48.8

1,310.0
984.3
247.7
736.6
325.7
87.7

1,355.8
1,026.0
260.6
765.4
329.8
49.9

1,369.3
1,031.8
267.9
764.0
337.5
65.1

-99.1

-93.8

-94.5

-109.0

-74.2

-59.3

-75.8

-110.6

-79.7

-89.2

-75.0

-88.6

-104.6

736.1
518.8
217.3
835.2
698.2
137.0

765.8
544.3
221.5
859.6
722.0
137.6

787.7
563.6
224.1
882.2
740.4
141.8

802.5
574.3
228.2
911.5
766.9
144.6

834.1
593.0
241.1
908.3
761.9
146.4

850.0
604.4
245.6
909.3
761.5
147.8

853.3
607.8
245.5
929.1
778.6
150.5

864.7
611.4
253.3
954.5
801.9
152.6

865.6
615.4
250.1
976.1
818.6
157.5

913.1
639.0
274.0
992.8
834.3
158.5

927.8
658.2
269.6
1,017.1
852.3
164.8

966.8
688.5
278.2
1,041.7
874.5
167.2

988.7
706.7
282.0
1,077.3
903.1
174.1

982.4
702.3
280.1
1,087.0
910.3
176.6

1,316.1

1,348.1

1,374.9

1,378.3

1,374.5

1,402.6

1,423.0

1,423.4

1,438.9

1,459.2

1,486.3

532.5
366.9
165.6
815.6

1,344.0
520.0
350.4
169.7
824.0

1,360.6

515.9
353.9
162.0
800.2

523.4
352.2
171.2
837.1

525.5
353.9
171.6
849.4

525.0
352.7
172.3
853.3

512.3
343.6
168.7
862.2

530.6
356.1
174.5
872.0

537.2
361.3
175.9
885.7

529.1
355.6
173.5
894.3

529.4
355.0
174.5
909.4

529.2
346.4
182.8
930.0

543.4
355.0
188.4
942.9

7,217.7

7,297.5

4,677.5

7,096.0
4,753.0

4,821.3

553.6
1,425.1
2,698.8

563.2
1,449.9
2,739.8

580.0
1,467.2
2,774.0

1,042.0

1,106.4

1,094.0

998.1
721.7
178.0
543.7
276.4
43.8

1,042.0
752.7
189.9
562.8
289.3
52.0

-71.3

1,026.6
738.2
188.2
550.0
288.4
79.8
-S4.2

683.8
475.8
208.0
755.1
622.0
133.0

714.5
499.5
215.0
798.7
664.6
134.1

1,303.3
515.8
349.4
166.3
787.5

6,887.8

7,015.7

4,613.8
546.2
1,409.7
2,657.9

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




IV

IV

I

1,508.2
541.3
354.7
186.6
956.6

538.9
354.4
184.5
969.3

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

23

Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
Line

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

..

Personal consumption expenditures

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

1933

1934

1935

603.3

668.3

728.3

1936

1941

1937

1938

1939

1940

903.5

980.7 1,148.8

1942

1943

1944

1945

1946

1,360.0

1,583.7

1,714.1

822.2

751.5

703.6

822.5

865.8

1,693.3

1,505.5

625.7

592.3

574.3

523.0

511.0

546.9

580.6

639.6

663.5

652.6

689.0

724.9

776.7

758.3

779.1

801.7

851.8

956.9

93.6

62.5

39.2

11.8

17.5

31.6

58.4

74.9

93.6

61.9

79.6

110.9

135.4

71.6

42.3

52.2

69.0

175.0

35.8

29.6

24.6

19.3

19.4

21.5

22.7

23.9

30.1

29.8

31.4

35.7

36.7

24.1

20.1

21.6

30.5

66.5

46.3

40.3

35.1

29.2

30.4

31.0

40.7

40.2

45.2

35.2

36.9

37.8

46.5

42.2

53.2

55.7

59^2

49.1

110.1

121.3

126.6

122.4

118.0

133.0

137.0

158.9

153.2

164.6

179.7

182.4

303.0

711.1 1,059.9

1,195.6

1,041.0

359.7

3.3

-13.9

-26.0

-35.5

-32.2

-33.7

-29.7

-34.6

-29.4

-38.1

-39.3

-35.4

-56.5

-3.5

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1,495.1

1,560.0

1,550.9

1,686.6

1,815.1

1,887.3

1,973.9

1,960.5

2,099.5

2,141.1 2,183.9 2,162.8 2,319.0 2,376.7 2,432.0 2,578.9 2,690.4 2,846.5

976.4

998.1 1,025.3

1,090.9

1,107.1

1,142.4

1,197.2

1,221.9

1,310.4

1,348.8

1,381.8

1,393.0

1,470.7

1,510.8

1,541.2

1,617.3

1,684.0

1,784.8

168.6

215.3

164.3

232.5

233.2

211.1

221.0

210.8

262.1

258.6

247.4

226.5

272.9

272.8

271.0

305.3

325.7

352.6

75.9

59.8

59.2

51.8

63.5

60.6

56.5

59.3

65.6

76.5

83.1

71.8

72.4

87.5

88.9

93.7

100.7

114.2

21
22
23
24
25

-162.9

-264.5

-301.3

-239.8

1960

1961

1962

1963

1964

CO-<t

Durable goods
Nondurable goods
Services

1932

835.6

Line
Gross domestic product

1931

CM

Durable goods
Nondurable goods
Services

1930

•^-

Gross domestic product
Personal consumption expenditures

1929

611.8

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

46.6

54.4

52.5

62.0

64.5

70.1

76.7

72.9

81.7

88.4

92.1

96.4

106.6

108.0

107.3

119.5

122.7

129.2

307.1

328.9

367.3

367.4

500.0

605.1

647.5

602.9

580.4

580.8

606.7

626.2

661.4

661.3

693.2

735.0

752.4

767.1

21
22
23
24
25

13.7

12.3

-12.7

6.0

-24.2

-61.8

-71.6

-61.5

-37.3

-35.2

-43.0

-58.3

-51.8

^7.7

-55.0

-52.9

-49.7

-43.0

See also the note at the end of the table.

N o t e to
Chain-type estimates provide the best available method for comparing the level of a given series at two points in time.
Chained-dollar estimates are obtained by multiplying the
chain-type quantity index for an aggregate by its value in current
dollars in the reference year (currently 1996) and dividing by 100.
For analysis of changes over time in an aggregate or in a component, the percentage changes calculated from the chained-dollar
estimates and the chain-type quantity indexes are the same. Thus,
chained-dollar estimates can be used to compute "real" (i.e., inflation-adjusted) rates of growth. However, comparisons of two or
more different chained-dollar series must be made with caution,
because the prices used as weights in the chained-dollar calculations usually differ from the prices in the reference period, and the
resulting chained-dollar values for detailed GDP components usually do not sum to the chained-dollar estimate of GDP or to any




Users
intermediate aggregate. A measure of the extent of such differences
is provided in most chained-dollar tables by a "residual" line,
which indicates the difference between GDP (or another major
aggregate) and the sum of the most detailed components in the
table. It is usually best to make comparisons of aggregate series in
current dollars or to use BEA's estimates of contributions to percent change. Measures of the contributions of components to the
percentage change in real GDP and to the percentage change in
other major aggregates are provided in NIPA tables S.2 and 8.2-8.6.
In general, the use of chained-dollar estimates to calculate component shares or component contributions may be misleading for
periods away from the reference year. To assist users in undertaking historical analysis, BEA has provided supplemental tables that
present estimates for selected timespans in chained 1937, 1952,
1972, and 1982 dollars (see tables 1.2A, 1.2B, 1.2C, and 1.2D).

24

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
Line

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

..

.

Residual

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Line
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment .

.

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Federal
National defense
Nondefense
State and local
Residual

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

3,028.5

3,227.5

3,308.3

3,466.1

3,571.4

3,578.0

3,697.7

3,898.4

4,123.4

4,099.0

4,084.4

4,311.7

4,511.8

4,760.6

4,912.1

4,900.9

5,021.0

1,897.6

2,006.1

2,066.2

2,184.2

2,264.8

2,317.5

2,405.2

2,550.5

2,675.9

2,653.7

2,710.9

2,868.9

2,992.1

3,124.7

3,203.2

3,193.0

3,236.0

402.0

437.3

417.2

441.3

466.9

436.2

485.8

543.0

606.5

561.7

462.2

555.5

639.4

713.0

735.4

655.3

715.6

116.5

124.3

127.0

136.3

143.7

159.3

160.4

173.5

211.4

231.6

230.0

243.6

249.7

275.9

302.4

334.8

338.6

142.9

164.2

176.2

202.4

213.9

223.1

235.0

261.3

273.4

267.2

237.5

284.0

315.0

342.3

347.9

324.8

333.4

791.1

862.1

927.1

956.6

952.5

931.1

913.8

914.9

908.3

924.8

942.5

943.3

952.7

982.2

1,001.1

1,020.9

1,030.0

-35.8

-38.1

-53.0

^9.9

-42.6

-43.0

-32.5

-22.2

-6.3

-5.6

-23.7

-15.6

-7.1

7.1

17.9

21.7

34.2

1982

1983

1984

1987

1986

1985

1

Gross domestic product

2

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
..
Change in private inventories

..

.

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

1989

1990

1991

1992

1993

1994

1995

1996

1997

4,919.3

5,132.3

5,505. I

5,717.1

5,912 .4

6,113.3

6,591.8

6,707.9

6,676.4

6,880.0

7,062.6

7,347.7

7,543.8

7,813.2

8,159.5

3,275.5

3,454.3

3,640. 5

3,820.9

3,981 .2

4,113.4

4,279.5

4,393.7

4,474.5

4,466.6

4,594.5

4,748.9

4,928.1

5,075.6

5,237.5

5,423.9

481.5
1,315.1
2,477.2
902.8
887.1
603.6
227.1
386.9
289.2
18.4
-112.1
473.5
322.6
152.0
585.6
463.9
123.4
1,307.5

491.7
1,351.0
2,546.0
936.5
911.2
637.0
232.7
414.0
277.3
29.6
-79.4
529.4
363.2
166.7
608.8
483.4
126.9
1,343.5

487.1
1,369.6
2,616.2
907.3
894.6
641.7
236.1
415.7
253.5
16.5
-56.5
575.7
393.2
183.5
632.2
497.9
136.6
1,387.3

454.9
1,364.0
2,651.8
829.5
832.5
610.1
210.1
407.2
221.1
-1.0
-15.8
613.2
421.1
192.9
629.0
497.6
133.4
1,403.4

479.0
1,389.7
2,729.7
899.8
886.5
630.6
197.3
437.5
257.2
17.1
-19.8
651.0
449.8
201.7
670.8
543.7
128.0
1,410.0

518.3
1,430.3
2,802.5
977.9
958.4
683.6
198.9
487.1
276.0
20.0
-59.1
672.7
463.4
209.9
731.8
598.4
134.0
1,398.8

557.7
1,485.1
2,886.2
1,107.0
1,045.9
744.6
200.5
544.9
302.7
66.8
-86.5
732.8
508.2
225.1
819.4
677.9
141.9
1,400.1

583.5
1,529.0
2,963.4
1,140.6
1,109.2
817.5
210.1
607.6
291.7
30.4
-78.4
808.2
568.8
239.5
886.6
739.1
147.7
1,406.4

616.5
1,574.1
3,047.0
1,242.7
1,212.7
899.4
225.0
674.4
313.3
30.0
-89.0
874.2
618.4
255.8
963.1
808.3
154.8
1,421.9

657.3
1,619.9
3,147.0
1,393.3
1,328.6
1,009.3
245.4
764.2
319.7
63.8
-113.3
981.5
708.1
273.6
1,094.8
923.1
171.7
1,455.4

586.9
446.8
138.9
721.4
-21.4

594.7
443.3
150.5
749.5
-13.4

606.8
443.2
163.0
781.1
-16.3

604.9
438.4
166.0
798.9
-18.0

595.1
417.1
177.9
815.3
-17.6

572.0
394.7
177.3
827.0
-10.4

551.3
375.9
175.5
848.9
-10.0

536.5
361.9
174.6
869.9
.2

531.6
357.0
174.6
890.4
-.2

529.6
347.7
181.8
925.8
0

615.2

673.7

871. 3

863.4

857.7

314.6

306.9

332. 3

341.6

r

329.2

370.7

461. )

490.7

531.9

1,046.0

1,081.0

1,118. 1

1,190.5

1,255 .2

455.2
1,274.5
2,379.3
879.3
856.0
572.5
224.3
360.0
290.7
29.6
-156.2
408.0
271.4
139.1
564.2
445.8
120.2
1,292.5

-16 .6

597.8
450.2
146.5
695.6
-37.1

-5.8

3. 1

-12.9

-8.6

66.8

1947
Line

1988
6,368.4

I

II

1,481.7 1,489.4 1,493.1

II

IV

1950

1949

1948

Ill

III

II

IV

III

IV

I

II

1951

III

IV

I

II

,516.4 1,537.9 1,562.0 1,568.4 1,571.4 1,549.4 1,545.1 1,562.6 1,546.5 1,610.5 1,658.8 1,723. )

1,753.9

1,773.5 1,803.7

1,097.6

1,122.8 1,091.4

963.4

978.7

981.7

981.8

986.7

997.8

999.7 1,008.0 1,009.0 1,024.6 1,026.7 1,041.1 1,058.9 1,075.9 1,131. )

165.0

159.4

158.6

191.5

209.8

220.4

221.1

210.1

178.3

153.9

167.4

157.6

198.1

220.4

239. r

271.8

242.9

249.2

80.7

79.8

75.9

67.3

64.2

58.1

59.5

57.4

64.2

63.7

58.4

50.6

49.7

50.3

51. 3

55.7

58.6

64.3

48.1

49.0

43.5

45.8

51.7

53.7

56.5

55.6

53.8

53.1

51.0

51.9

53.1

56.1

69. 3

69.5

69.5

67.1

306.0

307.7

309.7

305.1

311.2

325.9

332.0

346.5

355.3

371.5

375.3

367.1

361.0

366.4

359. S

382.5

421.9

480.1

14.7

12.8

10.7

16.5

17.7

13.5

12.6

5.0

-3.6

-15.5

-14.2

-18 .0

-4.1

1.9

10. *

15.8

-3.2

-14.2

25

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1952

1951

1954

1953

1955

Line

Gross domestic product

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

I

IV

III

II

III

1

IV

II

III

IV

I

II

III

I

IV

III

II

IV

1,839.8 1,843.3 1,864.7 1,866.2 1,878.0 1,940.2 1,976.0 1,992.2 1,979.5 1,947.8 1,938.1 1,941.0 1,962.0 2,000.9 2,058.1 2,091.0 2,118.9 2,130.1

Durable goods
Nondurable goods
Services

1,135.1 1,140.4 1,180.5 1,194.9 1,202.5 1,199.8 1,191.8 1,196.2 1,211.3 1,227.3 1,252.6 1,280.1 1,304.3 1,320.3 1,336.7

Gross private domestic investment

..

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

.

..

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.
...
.

...

...

Government consumption expenditures and gross
investment.

21
22
23
24
25

Federal
National defense
Nondefense
State and local
Residual

1,103.9 1,110.5

1,113.6

230.1

210.6

215.6

197.7

207.8

223.3

227.5

228.5

222.8

205.0

203.4

203.0

213.3

223.3

247.2

262.8

266.4

272.0

65.9

65.3

68.5

61.0

56.2

56.6

55.6

56.0

58.3

56.3

53.8

61.6

59.5

62.3

64.6

63.1

67.2

67.5

61.4

59.7

66.8

66.5

70.5

76.7

75.0

78.8

78.5

74.6

70.2

76.5

72.1

72.9

76.8

81.3

82.8

85.9

534.2

563.7

584.8

604.4

610.5

620.8

641.2

655.9

647.6

645.4

627.1

606.1

591.2

587.4

586.4

579.9

584.0

571.3

-32.9

-47.1

-61.0

-65.5

-66.4

-64.3

-68.2

-71.9

-70.5

-76.1

-72.2

-64.5

-57.2

-51.8

-43.4

-37.8

-36.2

-31.5

I

Personal consumption expenditures

II

IV

I

1957

1956

1959

1958

1960

Line

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential ...
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

...

Government consumption expenditures and gross
investment.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Federal
.
National defense
Nondefense
State and local
Residual

III

III

II

III

I

IV

II

260.0

257.1

254.4

250.0

249.9

255.6

234.1

216.7

211.3

228.4

249.6

263.0

286.2

266.6

275.6

305.3

274.0

70.7

75.5

78.1

81.6

86.9

84.3

81.9

79.3

71.4

71.7

72.0

71.9

69.1

70.6

76.4

73.5

83.8

87.3

89.1

88.8

89.6

85.8

92.4

93.2

91.3

91.5

92.6

96.5

95.5

101.1

102.3

108.0

109.4

106.7

110.5

111.1

570.9

582.6

577.3

592.5

604.0

600.6

605.5

616.6

609.6

625.0

628.4

641.5

651.5

663.9

668.1

662.2

648.8

657.4

-33.6

-35.3

-34.4

-37.6

-40.0

-40.4

-40.5

-51.3

-57.8

-62.7

-58.1

-54.2

-53.5

-48.5

-54.1

-51.1

-35.6

-46.5

IV

I

II

III

IV

I

II

III

IV

I

II

IV

I

II

1962

1961

1963

1964

III

III

IV

Durable goods
Nondurable goods
Services
Gross private domestic investment

...

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

..

Government consumption expenditures and gross
investment.

2,383.6 2,352.9 2,366.5 2,410.8 2,450.4 2,500.4 2,544.0 2,571.5 2,596.8 2,603.3 2,634.1 2,668.4 2,719.6 2,739.4 2,800.5 2,833.8 2,872.0 2,879.5

2

Personal consumption expenditures




II

1

Gross domestic product

See note at the end of the table.

I

IV

262.9

1960

Residual

III

1,339.2 1,343.7 1,346.8 1,365.3 1,374.2 1,376.5 1,387.7 1,388.8 1,370.1 1,380.9 1,402.3 1,418.8 1,445.2 1,468.2 1,483.8 1,485.6 1,499.2 1,518.1

III

Federal
National defense
Nondefense
State and local

II

2,121.0 2,137.7 2,135.3 2,170.4 2,182.7 2,177.7 2,198.9 2,176.0 2,117.4 2,129.7 2,177.5 2,226.5 2,273.0 2,332.4 2,331.4 2,339.1 2,391.0 2,379.2

Line

Exports
Goods
Services
Imports
Goods
Services

I

IV

1,512.1 1,513.5 1,512.8 1,535.2 1,542.9 1,574.2 1,590.6 1,609.9 1,622.9 1,645.9 1,657.1 1,673.0 1,695.7 1,710.0 1,743.8 1,775.0 1,807.8 1,812.8

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

272.4

239.5

245.0

263.3

285.5

290.2

307.3

304.5

310.0

299.5

315.4

320.8

331.5

335.2

348.9

347.5

355.7

358.3

89.3

89.3

89.9

85.7

89.2

90.8

90.1

96.1

95.9

92.5

92.8

101.3

102.1

106.7

112.6

111.7

115.0

117.4

107.8

102.7

102.2

103.5

110.4

113.0

116.4

119.0

120.5

122.0

119.1

121.9

125.0

124.6

124.5

127.3

130.7

134.3

665.9

673.1

680.4

687.2

694.0

711.1

723.4

731.7

740.8

744.2

740.0

744.3

765.9

759.2

763.1

772.9

766.4

766.1

-48.3

-59.8

-59.4

-57.1

-50.8

-52.9

-51.0

-51.7

-52.3

-56.8

-52.1

-49.1

-50.6

-47.1

-43.4

^6.0

^2.2

-40.8

26

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1965

1967

1966

1968

1969

Line

I

II

IV

III

I

IV

III

II

II

II

IV

III

IV

III

I

II

1
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

2,950.1 2,989.9 3,050.7 3,123.6 3,201.1 3,213.2 3,233.6 3,261.8 3,291.8 3,289.7 3,313.5 3,338.3 3,406.2 3,464.8 3,489.2 3,504.1 3,558.3 3,567.6

2

1,852.5 1,873.2 1,905.3 1,959.3 1,988.6 1,994.0 2,016.6

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

2,025.1 2,037.3 2,064.6 2,075.2 2,087.9 2,136.2 2,169.6 2,210.7 2,220.4 2,244.8 2,258.8

394.9

394.6

408.4

410.1

444.1

436.5

432.7

435.8

424.9

405.0

415.2

423.6

433.8

451.8

437.3

442.2

470.8

467.1

103.2

119.6

117.5

125.6

124.0

123.1

123.9

126.1

127.9

126.6

125.3

128.3

131.3

133.5

141.8

138.7

124.1

150.5

"129.4

1447

'"i'453

-158.3

""i60!2

169.2

171.1

173.5

172.4

174.7

184.0

194.7

197.7

209.5

207.7

188.2

225.3

765.5

781.3

800.3

817.2

832.5

857.8

870.1

888.0

925.6

921.3

926.8

934.8

951.4

956.0

958.3

960.5

956.9

956.0

-36.6

-34.1

-35.5

-36.2

-31.8

-38.0

^0.5

-42.1

-50.4

-55.4

-54.3

-52.3

-51.8

^8.4

-49.4

-50.0

-50.1

-39.5

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

III

IV

1971

1970

1969

1972

1973

Line

III
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Chance in Drivate inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

II

3,588.3 3,571.4 3,566.5 3,573.9 3,605.2 3,566.5 3,666. 1 3,686.2 3,714.5 3,723.8 3,796.9 3,883.8 3,922.3 3,990.5 4,092.3 4,133.3 4,117.0 4,151.1
2,269.0 2,286.5 2,300.8 2,312.0 2,332.2 2,324.9 2,369.8 2,391.4 2,409.8 2,449.8 2,482.2 2,527.5 2,565.9 2,626.3 2,674.2 2,671.4 2,682.5 2,675.6

477.2

452.6

438.0

439.4

446.5

421.0

475.9

490.2

496.5

480.6

513.6

544.9

554.1

559.4

595.2

618.2

597.5

615.3

148.8

151.4

155.0

160.1

159.9

162.1

160.7

160.6

169.4

151.0

168.8

166.4

173.8

184.9

201.8

210.5

212.4

221.1

222.4

219.9

219.2

223.5

223.0

226.5

223.8

240.7

246.0

229.3

262.8

253.4

258.7

270.3

282.8

274.7

267.1

269.1

954.1

943.1

936.2

927.3

930.9

929.9

918.6

915.2

911.9

909.4

920.8

921.9

907.6

909.1

914.5

911.5

898.5

908.4

-38.4

^2.3

-44.3

-41.4

-41.3

-44.9

-35.1

-30.5

-27.1

-37.7

-25.7

-23.5

-20.4

-18.9

-10.6

-3.6

-6.8

-.2

II

III

IV

I

II

III

IV

1976

1975

1974

1977

Line

I
Gross domestic product
Personal consumption expenditures
Durable ooods
Nondurable ooods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Chanoe in Drivate inventories
Net exDorts of aoods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




II

III

IV

1

4,119.3

4,130.4

4,084.5

4,062.0

4,010.0

4,045.2

4,115.4

4,167.2

4,266.1

4,301.5

4,321.9

4,357.4

2

2,652.4

2,662.0

2,672.2

2,628.4

2,648.8

2,695.4

2,734.7

2,764.6

2,824.7

2,850.9

2,880.3

579.2

577.3

543.4

547.0

450.8

436.4

474.9

486.8

535.1

559.8

228.6

238.4

226.7

Z S2.6

>32.2

222.7

226.5

238.7

237.9

26o:o

273'8

269'0

>39.6

220.4

238.7

251.5

920.0

927.8

924.2

9,J7.4

940.8

938.3

941.8

-.9

-1.3

-13.0

-7.1

-23.0

-27.2

-23.8

II

III

IV

4,410.5

4,489.8

4,570.6

4,576.1

2,919.6

2,954.7

2,970.5

2,999.1

3,044.0

561.1

565.9

595.5

635.0

670.7

656.4

240.1

246.8

249.7

245.9

252.5

254.5

246.0

267.2

278.8

290.2

299.8

313.9

316.8

312.4

316.8

949.1

952.5

943.3

938.9

938.6

945.3

955.1

956.0

954.5

-20.5

-16.9

-13.8

-15.0

-16.6

-17.0

-6.5

2.7

-8.0

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

'ii

27

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1978

1980

1979

1981

Line

I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Gross domestic product
Personal consumption expenditures .
Durable ooods
Nondurable goods
Services

. .

....

. .

Gross private domestic investment
Fixed investment
Nonresidential
Structures
...
Equipment and software
Residential
Change in private inventories
Net exports of goods and services ...
Exports
Goods
Services
Imports
Goods
Services

.

Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Residual

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

4,588.9

4,765.7

4,811.7

4,876.0

4,888.3

4,891.4

4,926.2

4,942.6

4,958.9

4,857.8

4,850.3

4,936.6

5,032.5

4,997.3

5,056.8

4,997.1

3,060.8

3,127.0

3,143.1

3,167.8

3,188.6

3,184.3

3,213.9

3,225.7

3,222.4

3,149.2

3,181.2

3,219.4

3,233.1

3,235.5

3,250.5

3,225.0

667.2

709.7

728.8

746.3

746.0

745.7

732.1

717.8

711.7

647.4

599.8

662.2

726.3

693.4

733.9

708.8

251.8

278.2

281.1

292.3

292.3

292.9

303.1

321.2

331.3

337.5

336.2

334.3

340.2

342.0

334.8

337.5

"mo

339.1

343.6

348.3

347.3

349.2

343.9

351.3

351.7

326.1

302.6

318.9

332.5

333.0

329.3

338.7

956.7

982.1

990.3

999.6

990.6

1,000.5

1,002.4

1,010.8

1,025.6

1,028.7

1,015.4

1,013.9

1,027.5

1,030.1

1,027.8

1,034.8

-9.6

7.8

12.0

18.3

18.1

17.2

18.6

18.4

19.6

21.1

20.3

25.7

37.9

29.3

39.1

29.7

II

III

IV

1982

1984

1983

1985

Line

1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services ...
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Residual

II

III

IV

I

II

III

IV

1

II

III

IV

I

4,914.3

4,935.5

4,912.1

4,915.6

4,972.4

5,089.8

5,180.4

5,286.8

5,402.3

5,493.8

5,541.3

5,583.1

5,629.7

5,673.8

5,758.6

5,806.0

3,244.3

3,253.4

3,274.6

3,329.6

3,360.1

3,430.1

3,484.7

3,542.2

3,579.7

3,628.3

3,653.5

3,700.9

3,756.8

3,791.5

3,860.9

3,874.2

634.8

631.6

623.5

571.1

590.7

650.7

691.4

762.2

845.0

873.2

890.7

876.9

848.9

862.8

854.1

887.8

3238

326 0

3113

297 5

302 4

3034

307 9

3141

3214

3294

336 5

3431

342 8

3413

336 2

346 2

3291

323 7

338 7

325 4

3328

3584

3863

405 3

437 8

4562

468 0

4818

4711

494 2

4893

508 3

1,033.6

1,039.5

1,046.8

1,064.0

1,069.8

1,078.2

1,097.0

1,078.8

1,091.0

1,115.2

1,123.1

1,144.2

1,157.6

1,180.5

1,209.2

1,214.7

6.9

8.7

-5.4

-21.2

-17.8

-14.2

-14.3

-5.2

3.0

3.9

5.5

-.2

-5.3

-8.1

-12.5

-8.6

1987

1986

1988

1989

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

. .

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

..

.

.

Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




.

.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

5,858.9

5,883.3

5,937.9

5,969.5

6,013.3

6,077.2

6,128.1

6,234.4

6,275.9

6,349.8

6,382.3

6,465.2

6,543.8

6,579.4

6,610.6

6,633.5

3,907.9

3,950.4

4,019.7

4,046.8

4,049.7

4,101.5

4,147.0

4,155.3

4,228.0

4,256.8

4,291.6

4,341.4

4,357.1

4,374.8

4,413.4

4,429.4

435.2
1,266.0
2,346.8
863.4
837.2
554.0
217.3
348.1
291.3
33.9
-161.3
383.6
252.1
134.5
544.9
431.9
114.4
1,278.4
588.6
439.0
148.8
690.7
-44.1

453.8
459.0
472.8
1,275.0 1,276.0 1,281.0
2,367.8 2,390.6 2,411.9
863.9
929.3
860.5
853.1
865.6
868.0
566.8
584.0
585.1
219.0
232.5
228.3
358.8
364.3
368.7
294.1
288.0
289.3
17.3
69.3
-2.1
-159.5 -153.2 -150.8
399.3
432.2
416.7
262.8
292.1
278.6
139.6
141.7
140.4
558.9
583.0
569.9
440.7
459.3
451.3
120.1
125.9
120.2
1,289.1 1,292.4 1,310.0
597.3
607.0
598.2
449.8
455.6
456.4
146.5
150.3
140.5
692.8
704.0
695.1
-59.3
-30.1
-35.0

481.7
1,295.8
2,443.7
884.6
871.5
590.5
225.4
376.0
287.0
17.2
-124.2
456.1
309.9
147.5
580.3
458.0
124.3
1,300.1
589.6
449.9
138.4
711.3
-25.6

481.5
492.5
502.7
488.1
485.6
474.9
486.0
1,307.4 1,321.4 1,336.0 1,341.0 1,341.8 1,354.7 1,366.4
2,461.7 2,491.6 2,511.8 2,525.8 2,535.1 2,549.2 2,573.6
902.5
929.3
941.1
952.7
916.7
907.5
922.9
886.7
923.3
905.5
906.7
891.2
899.2
909.3
603.4
651.1
632.2
623.1
613.8
606.7
641.6
229.6
236.7
228.0
230.8
226.6
226.9
235.2
384.7
424.1
413.2
402.4
397.0
390.1
416.3
289.0
277.9
274.5
290.8
287.0
290.2
269.9
18.9
10.2
38.9
51.5
18.9
18.5
17.9
-104.4 -108.8 -111.2
-81.5
-76.2
-85.2
-74.7
468.8
530.8
530.8
510.5
491.8
477.3
545.5
318.5
362.9
348.7
366.8
323.4
338.4
374.5
151.6
168.8
163.8
162.8
153.6
155.4
171.5
573.2
612.3
606.9
595.7
603.0
586.1
620.2
453.3
485.9
482.8
472.2
479.7
464.5
492.6
121.6
125.5
128.0
124.6
125.1
123.2
129.0
1,302.4 1,300.3 1,327.2 1,319.3 1,340.6 1,353.5 1,360.4
583.2
601.7
596.0
583.0
596.5
578.3
598.3
445.6
449.5
444.2
435.0
450.9
440.8
444.6
136.3
151.2
147.1
150.9
136.3
144.5
152.8
720.0
752.7
745.3
737.1
731.5
722.8
762.9
-20.1
-12.7
-10.7
-13.7
-18.6
-22.3
-16.5

886.2

868.3

838.0

838.2

355.9

360.0

368.6

382.6

507.3

528.8

543.6

548.1

1,224.0

1,248.0

1,277.4

1,271.5

-7.8

-14.6

-22.2

-21.5

28

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.2.—Real Gross Domestic Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1990

1991

1992

I
6,716.3
4,466.0
506.7
1,370.2
2,583.0
934.0
922.8
650.0
240.0
420.3
275.2
15.7
-62.3
565.8
388.3
178.1
628.1
495.2
135.1
1,381.2
607.8
446.0
161.2
774.1
-12.2

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods

Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Residual

IV
6,731.7 6,719.4 6,664.2 6,631.4
4,478.8 4,495.6 4,457.7 4,437.5
483.5
452.6
489.3
468.8
1,372.6 1,375.9 1,359.8 1,358.9
2,614.9 2,635.9 2,631.1 2,629.6
849.6
912.6
815.1
933.0
862.7
892.7
833.1
900.3
632.1
645.4
616.2
639.4
227.3
238.2
222.3
238.9
413.9
417.4
402.8
411.1
229.2
247.2
214.7
262.5
-9.9
24.1
-15.5
36.3
-34.6
-67.6
-18.2
-61.7
586.5
572.8
584.5
577.6
399.2
389.3
405.2
396.0
188.6
184.8
179.5
182.3
621.0
640.4
602.7
639.3
487.2
504.5
472.8
504.8
136.4
138.2
132.3
136.6
1,384.7 1,384.8 1,398.6 1,404.7
603.1
612.6
608.7
607.8
437.3
449.2
444.9
444.7
165.3
162.7
163.1
162.4
782.2
792.6
776.7
791.3
-19.0
-18.1
-15.5
-18.6
1994

6,668.5
4,469.9
454.0
1,368.7
2,651.1
808.8
829.5
611.9
216.6
403.4
215.6
-19.6
-10.7
613.3
421.5
192.4
623.9
491.1
135.0
1,408.9
613.4
447.1
165.7
796.0
-17.9

1993

I

IV

6,684.9 6,720.9 6,783.3 6,846.8
4,484.3 4,474.8 4,544.8 4,566.7
468.7
471.4
460.2
452.8
1,369.4 1,358.9 1,381.2 1,379.1
2,658.3 2,668.3 2,698.9 2,720.9
901.8
829.8
864.2
843.8
881.4
832.1
835.4
847.4
626.1
607.7
604.6
603.6
196.2
202.9
198.5
196.5
434.1
410.9
411.7
412.3
256.6
223.4
230.6
245.0
24.9
-1.3
32.4
0
-23.0
-23.9
-10.4
-6.7
647.1
616.9
638.3
643.9
445.9
421.8
435.8
441.5
201.7
196.0
203.4
203.1
670.1
640.8
648.7
650.6
542.4
510.1
516.5
520.9
128.7
132.3
133.9
131.2
1,403.0 1,397.0 1,407.6 1,405.7
591.1
602.7
591.0
591.8
414.9
436.0
421.2
414.9
176.1
166.2
169.5
176.8
814.9
800.6
806.3
816.1
-18.8
-17.1
-18.1
-19.6

1995

6,899.7
4,600.5
482.1
1,388.1
2,734.1
912.1
894.4
637.6
197.5
444.1
257.9
21.4
-22.0
650.8
449.3
202.0
672.9
551.7
121.7
1,413.1
598.3
420.9
177.2
815.1
-16.6

6,990.6
4,665.9
493.8
1,410.3
2,765.0
941.6
922.8
655.0
199.1
459.4
269.2
22.0
-27.3
662.2
462.4
199.9
689.5
559.9
130.4
1,413.7
599.1
417.6
181.4
814.9
-14.1

IV
6,988.7
4,674.9
495.4
1,410.2
2,772.7
964.8
929.9
661.7
198.6
466.3
269.5
36.2
-44.4
661.4
454.5
207.5
705.8
576.1
130.4
1,396.4
579.6
400.7
179.0
817.1
-12.5

1996

7,031.2
4,721.5
513.3
1,425.5
2,784.9
967.0
944.3
676.6
197.6
481.4
268.6
23.4
-51.7
674.4
464.9
210.0
726.1
594.5
132.2
1,398.0
572.2
395.0
177.2
826.1
-10.0

7,062.0
4,776.9
524.7
1,438.1
2,816.0
964.1
958.7
684.2
197.8
488.5
275.7
4.7
-72.3
660.8
451.4
210.1
733.1
599.4
134.4
1,398.4
568.9
392.3
176.6
829.7
-9.8

7,168.7
4,822.3

539.9
1,447.4
2,836.4
1,015.6
1,000.6

711.8
201.5
512.2
290.1
15.7

-€7.9
694.3
482.7
211.9
762.2
623.8
139.1
1,402.2
567.3

391.0
176.3
835.1

-6.6

1997

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense

State and local
Residual

7,229.4 7,330.2 7,370.2 7,461.1 7,488.7 7,503.3 7,561.4
4,866.6 4,907.9 4,944.5 4,993.6 5,011.6 5,059.6 5,099.2
570.4
577.4
557.7
590.7
546.9
551.7
574.3
1,465.3 1,477.6 1,490.9 1,506.5 1,514.3 1,525.3 1,531.7
2,855.4 2,879.6 2,896.8 2,912.9 2,927.3 2,957.4 2,977.0
1,162.4 1,128.5 1,119.1
1,057.3 1,118.5 1,101.8 1,150.5
1,014.9 1,039.9 1,050.9 1,078.0 1,101.9 1,095.0 1,107.1
806.4
816.7
734.1
811.4
747.2
777.1
720.0
208.1
210.9
202.9
211.0
202.3
203.8
193.2
598.5
606.0
532.6
600.7
573.7
545.7
527.4
295.8
290.4
307.5
283.5
301.8
305.2
296.5
62.2
9.0
85.8
32.5
77.4
56.3
47.8
-92.5
-«7.3
-86.2
-97.5
-87.7
-92.2
-ao.1
780.6
767.1
742.4
788.9
821.9
725.1
696.7
549.8
556.5
576.7
500.0
516.8
538.0
478.0
230.8
232.5
226.0
245.3
225.6
229.3
219.4
873.1
886.4
889.1
834.6
811.3
854.8
776.8
725.5
742.1
740.3
669.5
692.8
713.3
636.1
147.9
147.1
146.2
142.1
142.3
141.6
141.4
1,388.0 1,390.4 1,417.5 1,404.5 1,407.3 1,414.0 1,410.8
544.1
550.9
546.1
544.3
540.4
545.2
563.2
366.9
373.3
367.8
367.0
363.3
374.5
387.8
177.3
177.1
170.7
175.4
177.2
177.5
178.3
869.7
870.4
845.4
854.4
837.3
863.3
858.5
-11.1
-10.2
-2.5
2.1
-6.3
-1.0
-11.9

NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.




III

IV

I

III

I
V

7,621.9 7,676.4 7,802.9 7,841.9 7,931.3
5,132.1 5,174.3 5,229.5 5,254.3 5,291.9
595.7
601.7
620.4
625.7
618.1
1,544.6 1,553.9 1,569.9 1,578.6 1,593.9
2,992.0 3,018.8 3,039.2 3,057.7 3,072.2
1,152.4 1,172.3 1,233.4 1,281.4 1,283.7
1,132.7 1,165.2 1,203.7 1,231.6 1,250.2
835.5
936.2
914.3
861.6
885.6
210.4
237.3
225.4
215.9
221.3
625.0
698.8
688.9
645.8
664.3
297.3
314.0
317.3
303.6
318.1
18.0
32.9
51.2
5.6
30.3
-56.4
-74.6
-75.0
-90.4 -115.9
841.4
846.1
860.1
867.0
923.5
592.0
599.2
605.5
617.2
651.7
249.5
247.0
254.6
249.8
271.6
921.1
950.4
897.8
982.9
998.1
769.7
797.4
748.4
840.7
825.6
149.4
153.0
151.5
157.3
157.3
1,393.5 1,404.8 1,430.4 1,422.0 1,430.6
517.1
540.2
529.1
529.5
527.6
350.4
356.4
363.0
355.4
353.3
166.8
172.7
177.2
174.1
174.4
876.4
875.7
890.2
892.5
903.0
-.7
1.6
1.3
-1.4
.5

I
8,016.4
5,350.7

IV
8,216.6 8,272.9
5,462.1 5,507.1
636.5
670.5
680.9

8,131.9
5,375.7

641.5
1,605.6

1,608.2

1,631.7

1,634.1

3,103.7

3,130.6

3,160.6

3,193.0

1,325.4
1,275.4
960.8

1,400.6

1,408.6

1,438.5

1,311.1

1,356.7
1,037.0
248.5

1,371.3

1,123.8

1,141.2

241.1

719.6
314.7
49.3
-94.0
940.3
672.8
267.6
1,034.3

992.7
1,047.0
239.3
252.7
753.7
788.9
794.5
318.7
320.3
324.9
88.3
51.3
66.1
-100.6 -119.6 -139.2
979.2 1,004.2 1,002.1
705.8
726.8
727.1
273.7
277.7
275.4
1,079.8

869.6

913.0
948.0
961.9
175.9
166.9
179.4
1,434.6 1,457.0 1,464.8 1,465.3
521.7
533.4
534.8
528.4
341.6
350.4
350.3
348.5
180.1
184.5
182.9
179.8
912.8
922.2
931.4
936.8
.3
0
-.5
.4
164.7

Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in table 7.1.

29

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2A.—Real Gross Domestic Product, Chained (1937) Dollars: 1929-47
[Billions of chained (1937) dollars]
Line

1929

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment

12.2

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

13.3

9.8
5.0
5.0
3.5
1.6
.7
4.8
4.3
.5
4.1
3.1

Exports
Goods
Services
Imports
Goods
Services

.9
9.2

Government consumption expenditures and gross investment

1.8
1.0

Federal
National defense
Nondefense
State and local
Residual

.9
7.3

Line
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
Residual

1930
87.2
63.0
7.3
30.8
24.8

Gross domestic product

1939

1931
79.7
59.7
6.1
29.4
24.2
8.1
10.2
8.1
4.3
4.0
2.2
-.9

7.1
5.3
2.7
2.6
1.8
-1.7

64.0
51.5
3.8
26.4

4.1
3.2
1.7
1.5
1.0
-4.0

5.1

3.6

3.3
2.9
.4
3.1
2.3
.7

10.2
2.0
1.0
1.0
8.1
0

10.6
2.1
1.0
1.1
8.4

1940

.7

1941

22.7
7.6
6.1
4.6

1.6
3.0
1.5

1.6
-.5
3.0
2.6
.4
3.6
3.0
.6

11.2

1945

1944

121.9

73.0

78.2

6.7
37.6
25.1
10.3
9.1
6.1
2.3
3.8
2.9
.1

4.2
3.7
.5
3.2
2.6
.6

7.8
39.2
26.0
14.4
10.9
7.6
2.6
5.0
3.3
3.0
1.4
4.7
4.3
.5
3.3
2.8
.6

9.0
41.9
27.4
17.6
12.4
8.9
3.1
5.8
3.5
4.7
.8
4.9
4.4
.5
4.1
3.3

15.1
6.0
1.5
4.5
9.1
1.3

15.3
6.5
2.6
3.9
8.8
.5

25.4
17.2
13.8
3.5
8.3
.1

-1.5

-5.0

13.3
5.5
1.3
4.3
7.8

11.5
3.6
1.1
2.5
7.8
.3

3.6
.9
2.7
7.6
.7

104.1

.9

6.6
34.0
23.8
9.7
8.1
6.2
2.1
4.1
1.9
1.2
-.3
3.2
2.7
.4
3.5
2.8
.7

.4
2.7
2.1
.6

95.9
69.4

144.3
76.4
5.5
42.6
28.5
9.3
7.0
5.3

5.4
30.4

181.9

78.5

80.8

4.8
44.0
30.0

4.4
45.8
31.0

4.9
49.1

5.5

6.8
6.7

9.0

1.4
3.0

5.8
1.8
4.0

32.1
9.1
8.2
2.4
5.8
1.1
-1.7
-1.1

1.9
3.3
1.8
1.9
-.5

1.1
-.8
-2.0

3.2
2.7
.5
3.7
2.3
1.3

2.7
2.1
.5
4.7
2.6
1.9

.9
-.7
-2.0
2.9
2.2
.5
4.9
2.7
2.0

59.6

88.9

100.2

87.3

52.7
50.5
2.7
7.5

83.6
82.5
2.1
6.9

95.6

81.9
81.2
1.8
6.8

94.5
2.4
6.6
-6.8

13.8
5.5
1.3
4.2
8.3
1.0

4.1
3.4
.6
5.2
2.7
2.3

-2.8

65.7
5.7
35.7
24.4
8.0
7.6
5.5
2.2
3.3
2.1
-.4
.9
4.0
3.5
.5
3.1
2.4
.7

1947

1946

179.7
85.8

168.1

5.4
4.4

88.7

12.8
5.0
1.3
3.7
7.8
0

64.4

.1
2.9
2.5

1943

1942

58.5

1938
91.9
66.8
6.9
35.2
24.7
12.2
9.5
7.5
2.7
4.8
2.1
2.6
0
4.0
3.5
.6
4.0
3.2
.8

87.3

4.4
28.7
22.0
4.1
4.7
3.6
1.5
2.2
1.1
-1.1

1.6
.8
-2.1
-.1
2.6
2.3
.3
2.7
2.1
.6
9.9
2.6
1.0
1.6
7.2
1.3

77.3

55.1

2.9
1.3

10.3
2.1
1.0
1.1
8.0
1.9

1937

1936

70.9

21.2
2.3

2.6
2.3
.3
2.6
1.9
.7

1935

1934

64.9
52.7
3.9
26.9
21.9
1.5

3.9
3.5
.4
3.5
2.7
.9

.....
...... ...
, >duct of the chain-type quantity index and the 1937
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.




1933

1932

74.7
57.8
5.2
29.2
23.4

159.8
96.4
9.4
51.8
35.1
22.7
16.6
11.9
4.8
7.0
4.5
4.7
4.5
8.8
7.8
1.0
4.3
3.1
1.1
30.2
22.1
19.5
2.7
7.5
8.2

158.7
98.3
11.2
50.4
36.8
21.9
20.0
13.8
4.4
9.5
5.8
-.9
6.0
10.1
9.0
1.1
4.1
3.0
1.0
25.8
16.5
13.2
3.3
8.6
10.3

Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in table 7.1.

30

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.2B.—Real Gross Domestic Product, Chained (1952) Dollars: Annually, 1942-62, and Quarterly, 1947-62
[Billions of chained (1952) dollars; quarters seasonally adjusted at annual rates]
Line

1942

1944

1943

50.3

325.7
154.2
9.2
93.0
52.0

10.8

13.4

17.7

12.1
9.5
3.3
6.2
2.7
-1.4
-$.2

14.9

20.4
17.7
5.8
11.8
2.8

258.4

149.8

11.5
86.6
47.8
18.3
15.7
11.3
4.5
6.8
4.6
3.3
-2.7
6.5
5.2
1.2
9.2
6.1
2.8
98.5

10.1
89.5

78.7
75.6
4.1
16.0

Personal consumption expenditures

300.9

145.8

Gross domestic product
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software

Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

1946

1945

Federal
National defense
Nondefense

294.7

320.5

344.9

358.6

184.0

187.8

191.9

197.2

209.8

212.9

219.7

10.4

19.8
105.2
58.9
44.8
37.1
25.6
11.5
14.2
11.6
8.0
7.2
17.9
15.2
2.7
10.7
8.4
2.3
49.8

23.5
102.4
61.8
43.2
44.7
29.8
10.5
19.3
14.9
-1.5
10.3
20.5
17.5
2.9
10.2
8.1
2.1
42.6

25.1
102.7
64.2
55.1
49.2
31.4
11.0
20.4
17.9
6.7
4.3
16.1
13.6
2.6
11.9
9.2
2.6
45.6

27.1
104.3
65.8
42.0
45.0
28.5
10.6
17.8
16.5
-3.3

33.1
107.5
69.1
59.5
53.7
31.1
11.4
19.7
22.6

30.2
110.4
72.4
59.7
51.5
32.5
12.3
20.3
18.9
8.1

29.3
114.7
75.6
54.0
50.5
31.9
12.2
19.7
18.6
3.5

3.1
17.1
14.2
3.0
14.1
10.6

1.0
16.3
13.4

2.5

2.7

3.4

4.5

50.9

50.9

69.3

83.9

33.1
29.3
4.0
15.9
.5

24.6
19.7
5.0
18.2
.1

26.5
19.8
6.8
19.3
-1.9

28.9
20.7
8.5
22.3
-.2

27.3
20.4
7.1
24.1

45.1
39.0
6.1
24.3

-.7

-.3

59.2
52.4
6.8
24.7
.1

-2.9
-4.7
8.2

5.8
4.4
1.4

6.6

State and local

3.9

Line

12.2
7.3
4.2

1.6
12.9
7.3
4.8

146.9

165.7

144.3

124.9
123.6
3.1
14.6

Residual

142.9
141.5
3.5
14.1

122.5
121.6
2.8
14.5

4.4

5.4

1954

1953

1955

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

399.0

235.0

252.0

33.0
118.4
78.9
56.6
54.0
34.8
13.3
21.5
19.3
2.1
-1.5
15.3
12.5
2.7
16.7
11.5
5.3

Durable goods
Nondurable goods
Services

372.5

230.2

Personal consumption expenditures

32.9
119.9
82.1
53.9
54.9
34.0
13.8
20.3
20.8
-2.0
.1

40.1
125.7
86.3
67.1
62.0
37.8
14.8
23.1
24.2
4.7

Residual

2.9
15.3
10.8

1961

1960

1962

411.0

440.7

451.6

462.1

490.1

265.7

267.9

282.8

290.5

296.4

311.0

38.9
132.4
94.2
63.3
61.6
40.6
16.3
24.3
20.9
1.0

35.7
133.6
97.9
58.0
57.1
36.1
15.3
20.8
21.1
0

40.1
139.1
103.0
69.8
65.1
39.0
15.7
23.3
26.5

40.9
141.2
107.5
69.8
65.7
41.2
16.9
24.2
24.6
3.5

2.3
22.4
18.5

-1.7
19.4
15.7

39.3
143.8
111.8
69.4
65.5
40.9
17.2
23.8
24.7
3.1
.6

3.9
20.1
13.3

3.6
21.0
13.6
7.4
86.8

43.9
148.4
117.4
78.1
71.4
44.5
17.9
26.5
27.0
6.4
-.8
25.3
20.2
5.0
26.1
18.0
8.1
101.9

-.1
17.7
14.6
3.1
17.8
11.8
6.0

1.4
20.6
17.2
3.5
19.3
12.9
6.4

80.4

80.5

84.1

50.3
42.9
7.4
30.2

49.4
42.6
6.8
31.2

1.0

-.3

-.2

51.2
44.4
6.7
33.0
.6

3.9
-3.7
19.5
15.6

0
23.6
19.3
4.3
23.6
15.7

7.3

7.8

91.7

91.7

6.9
35.8

54.7
45.3
9.4
37.0

53.1
44.4
8.7
38.7

55.2
46.2
8.9
41.0

1.4

6.8

24.0
19.4
4.6
23.4
15.7
7.7
96.1

1.2

3.9
23.2
16.0

51.1
44.2

1948

1947

2.3
13.5
10.8

.4

415.0

55.4
47.6
7.8
28.2

63.8
55.6
8.2
25.9
.5

14.0
11.6

2.5
11.4
8.9

1959

1958

5.8

4.5
16.0
13.5

406.9
259.4
38.5
130.0
90.8
66.2
62.3
40.0
16.3
23.7
22.3
3.5

16.0
13.3
2.7
15.9
10.6
5.3
83.6

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

1957

1956

375.1

Gross domestic product

1952

1951

296.4

4.4

Government consumption expenditures and gross
investment.

1950

284.1

99.7
53.8

-6.3

4.1

1949

286.1

163.8

8.2
2.3
-1.1

1.3
11.6
7.0

1948

321.8

12.6
4.3

5.4

1947

59.7
48.9
10.8
42.3
1.5

1.7

1949

1950

Line

IV

III

IV

281.6

283.0

283.7

288.1

292.2

296.8

298.0

298.6

294.4

293.6

296.9

333.3

188.8

188.8

189.7

191.9

192.3

193.8

194.0

197.0

197.4

306.0
203.6

327.4

188.2

293.9
200.2

315.2

185.3

206.9

217.5

211.1

22.6
101.2
61.3

23.1
103.0
62.1

23.4
103.3

42.2

40.8

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

43.9
30.3

42.7
29.7
10.4

24.8
102.0
62.9
53.7
49.6
32.0
10.6
21.4
17.7
5.0
6.1
17.3
14.7
2.7
11.3
8.9
2.4
43.1

25.0
103.0
63.9
56.4
49.6
30.8
10.9
20.0
18.8
7.6
4.0
15.7
13.2
2.5
11.7
9.2
2.5
45.2

25.4
102.2
64.7
56.6
49.1
30.9
11.2
19.7
18.2
8.2
3.7
16.0
13.5
2.6
12.3
9.4
2.8
46.0

25.0
103.6
65.2
53.8
48.5
31.7
11.4
20.3
16.8
6.0
3.3
15.5
12.9
2.5
12.1
9.4
2.7
48.0

24.5
104.1
65.5
45.6
45.7
30.2
11.1
19.1
15.6
-.4
5.6
17.3
14.7
2.7
11.7
9.1
2.6
49.2

26.7
104.4
65.9
39.4
44.3
29.0
10.9
18.1
15.3
-5.4

28.1
103.5
65.8
42.8
44.2
27.6
10.4
17.2
16.6
-1.5

29.2
105.0
66.0
40.3
45.7
27.1
10.1
17.0
18.6
-5.8

4.6
15.8
13.3
2.4
11.1
8.6

2.3
13.6
11.5
2.1
11.3

2.7

2.5

51.5

52.0

30.5
107.4
68.9
56.4
53.2
30.4
11.1
19.2
22.8
3.2
1.3
13.6
11.3
2.3
12.2
9.6
2.6
50.8

33.4
107.0
70.6
69.6
56.0
33.0
12.1
21.0
22.9
13.7

5.6
17.2
14.5
2.7
11.6

30.3
106.3
67.0
50.7
48.6
27.9
10.6
17.3
20.8
2.0
1.8
13.4
11.1
2.3
11.6
9.1
2.5
50.0

38.2

Gross private domestic investment

25.0
101.9
61.8
49.0
48.0
30.1
10.3
19.7
17.9
.8

24.7
19.9
5.0
18.6
-1.8

26.2
19.7
6.7
19.2
-2.0

26.7
19.4
7.6
19.5
-2.0

28.2
20.3
8.2
20.0
-1.5

28.7
20.8
8.1
20.8

29.7
21.2
8.9
22.0

29.4
21.1

26.6
19.0
7.9
23.9

27.1
19.1
8.3
24.1

-.5

0

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




62.0
40.6
44.2
29.2

19.3

10.5
18.7

13.0
-1.8
10.8

15.0
-3.5
11.0

21.8
18.9
2.8
10.5
8.5
2.0

21.5
18.4

20.5

42.4

42.6

24.9
20.2
4.6
17.7
.4

24.9
18.9
6.1
18.0
.2

10.5
19.7
13.7

-1.5
11.3

3.1
10.7
8.7
2.1

17.5
3.0
9.5
7.5
2.0
42.9

8.2
18.2
15.3

2.9
10.0
7.6
2.3
42.3

24.8
19.8
5.1
18.4

23.9
19.9

0

-.3

4.1
18.7

8.9

8.6
22.9
-.4

8.9
2.4
50.9
27.9
19.8
8.5
23.3
-.1

109.3
69.9
61.3
57.1

33.1
11.8
21.3
24.0
4.1

-1.2
13.9
11.6
2.3
15.1

12.4
2.7

-.1
15.0
12.6
2.4
15.2
12.2
3.0

49.8

53.0

26.2
20.3
6.0
24.2

29.3
23.1
6.3
24.2

-.5

31

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2B.—Real Gross Domestic Product, Chained (1952) Dollars: Annually, 1942-62, and Quarterly, 1947-62—Continued
[Billions of chained (1952) dollars; quarters seasonally adjusted at annual rates]
1952

1951

1954

1953

I ino

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.

Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual

I

II

III

I

IV

II

III

I

IV

III

IV

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

337.0

342.7

349.6

350.3

354.3

354.6

356.9

368.7

375.5

378.6

376.2

370.1

368.3

368.8

372.8

380.2

215.9

209.9

212.3

213.5

214.2

218.3

219.3

227.0

229.8

231.2

230.7

229.2

230.1

232.9

236.0

240.9

34.4
109 8
71.7

29.2
108 5
72.1

28.6
111.0
72.7

28.4
112.2
73.0

28.7
111.5
74.0

29.2
114.1
75.0

27.3
115.9
76.1

32.3
117.5
77.3

33.5
118.4
78.0

33.3
118.9
79.1

33.1
118.1
79.5

32.1
118.0
79.1

31.1
1189
80.0

32.6
1185
81.7

32.8
1200
83.0

34.9
122 0
83.9

62.2

63.8

58.9

53.9

55.2

50.6

53.2

57.1

58.2

58.5

57.0

52.5

52.1

51.9

54.6

57.2

53.9

51.4
32 6
12.5
20.1

50.5
33 0
12.4
20.5

50.1
32.3
12.0
20.4

50.6
32.4
12.0
20.4

51.4
32.8
12.1
20.8

48.2
29.8
12.2
17.7

51.9
32.6
12.6
19.9

53.9
34.3
13.0
21.3

54.2
34 5
13.3
21.3

54.3
35.3
13.3
22.0

53.7
34.9
13.6
21.3

52.9
33 9
13.7
20.2

53.7

55.9
34 4
13.8
20.7

57.1
34 3
13.7
20.6

188
123
2.7
174

176
8.1
4.4

177
3.5
4.6

182
4.6
3.9

185
-.9
1.9

183
5.1
-.2

193
5.3

196
4.1

197
4.1

189
2.5

188

190

202

-2.1

-1 9

-2 9

228
-9

-1.5

-1.4

-2.1

-1.4

-1.1

17.8
14.7

17.6
14.5

18.5
15.3

16.4
13.4

15.2
12.4

15.3
12.6

15.0
12.2

15.1
12.4

15.7
13.0

15.2
12.5

-.8
145

-.1
166

214
-24
.3

11.8

14.0

16.1
13.2

3.1
130
92
3.8

3.2
146
104
4.2

3.0
145

2.7
154

2.6
167

2.8
164

10.5

10.9

11 6

11.4

2.7
171
117
5.4

2.6
163
107
5.6

2.7
153
103
50

2.7
167
113
54

2.8
157
104
53

.9
168
140
2.8
159
104
56

21
22
23
24
25

II

I

322
12.1
20.1
21 7

8.3
.6
15.8
13.1

III

IV

14.4

II

335
13.8
19.7

2.7
152
120
3.2

2.9
146

32

3.0
134
9.9
3.5

4.0

4.5

5.1

5.0

2.7
172
121
5.1

58.5

66.5

74.0

78.1

81.1

83.8

84.6

86.0

88.9

90.9

89.7

89.4

86.9

84.0

81.9

81.4

34.8

42.3

56.5
49 6

61.2
54 3

63.4
55 9

62.7
54 5

59.2
50 7

56.2
48 7

53.4
46 2

52.7
44 6

6.3

7.0

6.8

6.8

7.6

564
9.1

63.7
55 6

6.1

522
6.5

60.3
53.4

65.5

361
6.2

53.6
47 4

58.7

292
5.7

49.6
43 5

8.1

8.2

85

75

7.2

82

23.9

24.3

24.5

24.4

24.5

25.0

24.3

24.9

25.4

25.4

26.1

26.7

27.6

27.8

28.5

28.7

.3

.4

-.1

.2

.1

.1

.1

.4

1.1

1.3

1.2

1.3

.9

11 4

-.5

0

1956

1955

1957

1958

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
LLJ

Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual

II

III

I

IV

II

III

IV

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual

1

IV

II

III

IV

397.3

402.6

404.8

403.0

406.2

405.8

412.4

414.8

413.8

417.9

413.5

402.4

404.7

413.8

423.1

246.2

250.8

253.9

257.1

257.5

258.4

259.0

262.5

264.3

264.7

266.9

267.1

263.5

265.6

269.7

272.8

38.2
123.0
85.1

40.3
125.1
85.7

41.7
126.0
86.5

40.5
128.6
88.1

38.5
129.9
89.1

38.6
129.6
90.2

37.8
129.7
91.3

39.1
130.7
92.6

39.9
131.1
93.1

38.9
131.7
93.8

38.6
133.6
94.4

38.1
133.0
95.6

35.5
131.4
95.9

34.9
132.4
97.5

35.6
134.6
98.8

36.9
136.1
99.2

5.4

6.2

6.5

6.0

6.2

6.6

6.9

5.9

7.1

7.1

6.9

6.3

7.2

7.8

7.3

7.4

81.3

80.4

80.9

79.2

79.1

80.7

80.0

82.1

83.7

83.2

83.9

85.4

84.5

86.6

87.1

88.9

21
22
23
24
25

51 4
44.3

501

50 7
43.1

488

485

497

488

516

498

51 4

42.5

42.5

44.4

44.8

44.3

43.8

76

72

70

72

63

67

74

62

60

73

59

30.2

30.4

30.7

31.1

31.2

31.6

32.3

32 6

33.1

33 9

34 8

-.5

-.7

-.6

0

.3

-.1

.6

.5

.3

1.6

2.0

442
71
353
2.2

51 1
44.1

523

41.5

51 4
44.0

509

41.6

50 6
43.9

507

42.6

69
361
1.1

78
368
.8

63.3

67.3

68.2

69.6

67.3

66.6

65.8

65.1

64.0

64.0

65.4

59.9

55.5

54.1

58.5

63.9

59.4
35.0
14.2
20.8
24.5

62.0
37.2
14.5
22.6
24.8

63.4
39.1
15.0
24.1
24.3

63.4
40.1
15.4
24.8
23.3

62.0
39.4
15.8
23.5
22.7

62.6
40.0
16.4
23.6
22.5

62.5
40.4
16.5
23.8
22.1

62.1
40.3
16.5
23.8
21.7

62.1
40.5
16.3
24.2
21.4

61.5
40.5
16.3
24.1
20.9

62.1
41.3
16.3
25.0
20.6

4.5
.1

6.2
-.5

5.2
-.4

3.6
1.0

2.8
1.5

2.5
3.3

1.3
3.3

2.0
2.4

3.0
2.2

55.5
35.6
15.3
20.3
19.8
-2.6

59.7
36.4
15.2
21.2
23.5

5.0
-.7

57.1
37.3
15.8
21.5
19.8
-3.0

56.2
35.0
14.9
20.1
21.3

3.4
.7

60.9
40.2
16.2
24.0
20.6
-2.4

1.7

3.8

1.5

-.9

-1.7

-1.4

-2.6

17.4
14.5

17.0
14.1

18.1
15.0

18.2
15.0

19.1
15.8

20.4
16.9

21.1
17.6

22.0
18.4

23.4
19.6

22.7
19.0

22.1
18.3

21.4
17.1

19.3
15.8

19.3
15.7

19.4
15.8

19.4
15.6

2.9

3.0

3.2

3.2

3.3

3.4

3.5

3.7

3.8

3.8

3.8

4.2

3.4

3.7

3.6

3.8

16.8
11.4

17.7
11.5

18.1
11.6

18.7
12.8

19.4
13.2

19.4
12.8

19.6
12.7

18.7
12.8

20.1
13.1

20.3
13.3

19.9
13.0

20.0
13.7

20.2
13.0

21.1
13.3

20.8
13.5

22.1
14.7

71

29.9

0

75
303
-.5

1960

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

1961

II

III

IV

454.3

452.1

452.9

447.1

285.7

288.3

292.0

290.8

39.2
140.5
105.1

40.6
140.4
106.4

41.5
142.1
107.5

412
141.1
107.5

68.2

70.5

78.1

70.1

66.3
39 9
16.1
23 8
26.7

65.4
39 7
15.9
23 8
25.9

66.3
41 9
16.8
25 0
24.4

7.6

.6

4.5

67.6
41 2
16.6
24 6
26.6
11.3

-3.7

-4.5

-3.3

-1.5

3.2
-.7

4.8
.6

18.6
14.7

19.0
15.2

20.6
16.7

19.8
15.9

22.6
18.4

23.6
19.3

39

39

39

3.9

4.2

4.2

22.3
15.1

23 5
16.3

23.9
16.6

23.3
16.0

24.1
16.2

72

73

73

7.3

90.3

92.0

92.6

534

55 0
45.1
10.0

I

III

IV

449.7

458.1

465.6

475.1

291.1

290.9

295.2

296.7

401

37 7
142.2
109.6

385

141.3
108.6

143.6
111.6

39 5
143.7
112.0

69.7

61.3

62.7

67 4

73.1

74.3

64.5
40 8
16.8
24 0
23.7

64.3
40 7
17.5
23 3
23.7
-5.1

63.5
39 8
17.4
22 5
23.8
-2.4

64.4
40 6
17.1
23 5
23 8

65.9
40 9
17.1
23 9

68.1
42 3
17.0
25 3
26 0

1.7

24.1
19.7

44

24.2
16.4

79

91.8

55 6
45.6

9.9
371
1.7

III

IV

431.9

443.2

443.0

444.5

277.9

282.3

285.4

391
137.7
100.6

40 5
138.8
102.4

41 4
139.6
103.8

67.3

73.3

63.4
37 5
15.1
26.2

65.4
38 7
15.6
23 0
27.2

3.0

224

45.2

8.2
37 0

1.1

371
.4

I

2.0

2.1
.5

251
7.0
0

24.1
19.7

24.3
19.8

23.1
18.5

44

44

46

23.5
15.5

22 4
14.8

22.3
14.6

22 6
14.9

78

80

76

77

77

89.9

91.1

92.3

93.3

94.3

55.0
45.2

52.5
44.4

52.7
44.2

53 3
44.6

53 9
44.5

9.7

8.1

8.5

9.4

36.9

37 6

38.5

1.3

-.8

1.1

8.8
391
.7

39 5

2.6

44 5

1962

II

I

II

NOTE.—Chained (1952) dollar series are calculated as the product of the chain-type quantity index and the 1952
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.




III

391.1

1959

Personal consumption expenditures

II

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Line

Gross domestic product

I

I

II

III

IV

483.4

488.7

493.5

494.7

302.7

305.9

309.6

312.1

316.5

41 5
145.8
114.1

42 4
147.0
115.1

43 5
147.7
116.9

43 9
148.9
117.9

45 9
149 8
119.4

78 6

77 9

79 3

76 6

69.6

71.7
44 5
18.0
26 6
27 3

72.3
45 1
18.4
26 7
27 2

72.0
44 9
18.0
26 9
27 2

6.7
-.4

-1.6

25 9

25 0

433
17.3
25 9

264
9.1

5.7
-.2

-1.1

5.7
0

24.1
19.4

24.5
19.8

24 3
19.5

25 9
20.8

46
241

47

48

51

16.5

24 7
16.9

25 4
17.5

26 0
18.0

76

78

80

80

80

83

95.2

96.2

98.6

100.3

101.4

102.7

103.1

53 6
45.4

54 9
45.9

55 5
46.2

56 7
47.3

58 7
49.0

59 6
49.1

8.2
408
2.6

9.0
405
2.0

92

9.3

97

104

40 9

42 0

41 7

42 0

60 3
48.9
11 4
42 5

48.7
11 6
43 0

1.1

1.3

1.0

1.6

1.5

1.9

Chain-type quantity indexes for the series in this table are shown in table 7.1.

208
50
263
18.3

39

198
52
26 6
18.3

603

32

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2C—Real Gross Domestic Product, Chained (1972) Dollars: Annually and Quarterly, 1962-82
[Billions of chained (1972) dollars; quarters seasonally adjusted at annual rates]
Line

1962

1963

488.7

Durable goods
Nondurable goods
Services
Gross private domestic investment

116.7

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

109.8

68.8
32.2
37.7
41.7
7.5
1.8
35.8
28.0
7.7
33.9
22.7

Exports
Goods
Services
Imports
Goods
Services

40.9
46.6
7.1
3.6
38.5
30.2
8.2
34.8

23.6

11.2
217.0

Federal
National defense
Nondefense
State and local
Residual

Line

222.1

127.0
104.3
23.1
90.6
-8.3

Government consumption expenditures and gross
investment.

11.2

126.6
101.7
25.3
96.1
-7.6

124.8
95.5
29.4

1970

1969

1972

1971

1,052.7
624.4

1,102.9

1,136.4

1,138.5

1,176.5

1,240.4

660.0

684.4

700.3

726.8

770.7

78.8
259.6
267.6
167.2
151.1
107.3
44.5
63.2
43.6
16.4

80.0
263.7
280.7
159.5
148.3
105.8
43.4
62.8
42.2
12.2
-1.5
48.5
37.1
11.4
50.0
35.0
15.0
273.7

88.9
275.7
295.2
168.7
158.6
110.4
44.0
66.6
48.0
10.9
-5.5
52.0
40.0
12.0
57.5
42.2
15.3
282.4

92.0
283.0
309.2
178.5
168.4
118.8
46.4
72.5
49.4
10.5
-5.9
54.9
42.1
12.7
60.8
44.5
16.2
281.2

110.4
308.0

321.7
166.8
164.9
118.2
46.5
71.8
46.4
1.7
-2.5
60.8
47.0
13.8
63.4
46.2
17.1
274.9

97.9
295.0
333.9
185.7
177.3
118.1
45.8
72.4
59.2
9.2
-5.5
61.2
46.8
14.5
66.7
50.1
16.6

152.4
123.3
29.5
122.2
-5.8

153.8
125.5
28.7
129.4

148.7
119.6
29.5
133.2

138.2
109.5
29.0
137.0

128.4
98.3
30.1
141.4

125.6
93.5
32.2
144.4

-4.5

-3.0

-1.4

-1.3

-.1

254.7

153.7
143.0
95.4
41.7
54.5

47.9
11.8
3.9

.8
47.4
36.9
10.5
46.6
33.2
13.4
254.5

44.5
34.5

9.9
40.6
28.7
11.9
233.5

138.9
109.3
29.8
116.4

109.5
-4.0

1975

1968

1,026.9
606.2

573.4

-5.7

1974

1973

72.7
246.1

124.5
97.2
27.5
102.6

118.3
72.6
32.6

963.6

64.5
233.7
241.8
134.8
129.8
81.3
35.9
46.1
49.3
5.8
6.9
43.6
34.4
9.2
36.7
25.1
11.5
226.5

59.0
222.8
227.9
124.5

1967

1966

905.7
539.4

508.9

53.8
218.2
218.0

Personal consumption expenditures

1965

1964

856.0

Gross domestic product

-3.1
1977

1976

1978

352.3

207.6
198.5
128.8
47.2
81.7

69.7
9.1
-8.0

66.2
51.8
14.4
74.2

56.9
17.3
270.1

1979

1981

1982

1,312.0

1,304.3

1,299.6

1,371.9

1,435.6

1,514.7

1,563.0

801.9

819.2

866.9

904.2

944.2

968.0

1,559.4
964.9

1,597.6

808.6

977.9

989.8

Durable goods
Nondurable goods

121.8
318.1

113.4
311.7

139.7

Services

368.9

377.0

127.8
331.7
408.2
212.4
199.0
140.5
45.8
95.0
59.1
12.5
12.3
93.0
70.3
23.4
80.7
63.5
17.1
2785

147.1
352.4
446.5
272.6
253.9
178.4
53.3
126.0
76.3
17.0
8.1
105.3
79.2
27.0
97.2
77.6
19.2

146.6
361.8
460.9
281.2
268.1
196.3
60.1
137.0
73.5
10.0
16.6
115.4
88.6
27.4
98.8
78.9
19.4
295.5

135.1
361.3
468.6
250.5
251.0
196.2
64.0
132.1
57.9
-4.0
35.6
127.8
99.1
29.0
92.3
73.1
19.0
301.4

136.8
365.5
475.6
273.6
256.4
207.3
69.1
137.7
53.3
14.6
34.6
129.3
98.1
32.1
94.7
74.6
20.1
304.1

136.8
369.0
483.7
235.2
238.5
199.5
68.0
130.5
43.6
-6.0
26.6
120.1
89.2
32.0
93.5
72.7
21.2
308.8

125.8
86.1
39.8

131.8
89.7
42.3

138.0
95.2
42.9

169.5

166.1
5.3

143.0
102.3
40.6
165.9
3.6

Gross domestic product
Personal consumption expenditures

61.0

19.8
75.9
59.3

16.7

16.7

268.1

273.0

113.4
316.3
389.8
176.7
181.2
134.0
44.7
89.5
47.8
-3.6
20.4
87.8
67.2
21.1
67.5
51.8
16.0
278.2

119.5
87.4
32.1

118.9
85.3
33.7

118.9
84.2
34.8

117.6
82.5
35.2

119.6
83.1
36.7

122.8
83.7
39.2

148.6

154.0

159.1

160.7

161.4

1.6

3.2

3.1

.3

-2.9

167.0
-3.2

Gross private domestic investment

231.9

214.8

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

216.6
147.5

203.0
148.7
50.0

51.0
96.6

99.0
54.9

69.2
13.7
3.1

9.6
12.5

80.7
63.7
17.0
77.7

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

88.4
68.7

339.7
426.3
244.5
227.6
156.4
47.7
109.3
71.7
15.7

5.9
95.3
71.3
25.0
89.5

71.2
17.9
281.2

1962

6.9

1963

1,565.3

1964

Line

Gross domestic product
Personal consumption expenditures .

809.5

818.2

480.7

486.5

51.9

Durable goods
Nondurable goods

216.2

Services

213.9

53.3
217.3
217.2

117.5

116.4

Gross private domestic investment ...

110.3
69.0
32.3
37.8
42.0
6.8
2.9

826.3
490.4
53.8
218.9
219.1
118.5
111.2

64.3
237.4

128.1

133.4

132.8

124.0
76.1
33.5
43.3
48.9
5.2
5.4

128.8
78.0
34.4
44.4

128.4
80.0
35.6
45.3

66.6
236.6
243.5
136.0
130.5
82.7
36.8
46.8
48.5
6.3
6.8

219.7

224.1

125.7
102.1
23.9
94.7
-7.5

129.5
102.7
27.1
97.2
-7.8

126.2
100.3
26.2
98.6
-7.5

112.0
69.3
31.2
38.9
43.5
1.6

4.0

35.4
27.4
8.0
33.8
22.7
11.1

38.7
30.3
8.3
34.6
23.5
11.1

218.4
125.2
101.6
24.0
93.8
-7.5

216.0

218.7

124.9
104.5
20.7
89.3
-7.8

126.7
104.7
22.3
89.9
-8.4

128.3
104.2
24.4
91.1
-8.7

128.3
103.7
24.9
92.1
-8.7




64.4
232.4
240.2

117.1
71.5
32.6
39.8
46.6
6.4

213.5

See note at the end of the table.

62.8
228.2
236.7

122.6

Government consumption expenditures and gross
investment.

Residual

60.5
224.0
233.2

120.6

33.8
22.6
11.1

Federal
National defense
Nondefense
State and local

547.8

59.5
223.9
230.0
126.7
120.2
73.7
32.9
41.6
47.4
7.4
3.5
39.0
30.8
8.1
35.5
24.1
11.4
226.1

222.1
225.5

28.9
7.7
34.2
23.0
11.1

7.9

546.3

58.8

35.3
27.4
8.0
34.6
23.0
11.6
219.7

1.3

7.9
2.4
36.6

916.2

536.4

57.5
221.2
223.0

36.7
28.8

10.8

38.0
42.0

913.8

527.0

56.3
220.3
221.9
114.5
110.8
69.5
32.3
38.3
41.9
4.6
.7

34.4
27.0
7.3
33.1
22.0
11.1

36.9

901.7

516.7

505.6

107.1
67.0
31.1
40.8

871.6

500.8

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services ...
Exports....
Goods .
Services
Imports
Goods ..
Services

69.9
33.1

865.3
512.4

838.1
497.4

9.3

40.7
32.3
8.4
35.4
24.0
11.3

51.9
5.4
7.6
43.0
33.7
9.2
35.4

49.3
5.2
6.5
42.6
33.7
8.9
36.2
24.7

43.9
34.6

9.2
37.1
25.6

246.9
137.0
131.3
84.3
37.0

48.1
47.6
6.3
6.7
44.8
35.3
9.4

11.5

11.5

38.1
26.4
11.7

225.3

228.2

226.2

226.1

125.9
99.1
27.0
100.0

126.5
98.7
28.0

123.4
96.3
27.4

122.3
94.9
27.6

102.3

103.5

104.6

-6.4

-6.1

-5.2

-5.1

23.8
11.5

33

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2C—Real Gross Domestic Product, Chained (1972) Dollars: Annually and Quarterly, 1962-82—Continued
[Billions of chained (1972) dollars; quarters seasonally adjusted at annual rates]
1967

1966

1965
Line

II

IV

I

II

IV

I

938.7
559.8
70.5
240.2
249.2
151.0
137.3
90.0
38.9
51.8
47.7
14.6
2.7
39.4
30.1
9.3
36.8
25.2
11.5
226.0

951.3
566.1
70.7
242.8
252.8
150.8
141.2
93.4
41.6
52.8
48.1
10.7
4.6
45.7
35.8
9.8
41.1
29.2
11.9
230.7

970.7
575.8
73.2
246.4
256.2
156.1
145.0
96.9
42.1
55.7
48.3
12.1
3.6
44.8
34.7
10.2
41.3
29.5
11.8
236.3

993.9
592.1
76.3
254.9
260.6
156.8
148.3
101.1
44.0
57.9
47.3
9.5
4.7
48.0
37.6
10.3
43.3
30.9
12.3
241.3

1,018.5
600.9
80.0
257.3
263.1
169.8
153.9
105.6
45.1
61.2
48.3
16.4
2.9
47.3
37.2
10.1
44.4
31.7
12.6
245.7

1,022.4
602.6
76.7
259.5
266.3
166.9
151.8
107.1
44.2
63.3
44.5
15.5
1.5
47.0
36.5
10.5
45.5
32.2
13.3
253.2

1,028.9
609.4
79.3
261.3
268.6
165.4
151.7
108.4
45.2
63.7
43.0
14.1
-.7
47.3
36.6
10.7
48.1
34.3
13.7
256.8

1,037.9
612.0
79.3
260.2
272.3
166.6
147.1
108.0
43.6
64.7
38.5
19.8
-.5
48.1
37.4
10.7
48.6
34.7
13.9
262.2

1,047.4
615.7
77.8
262.3
275.7
162.5
143.6
105.7
44.1
62.2
37.3
19.5
-.4
48.8
37.3
11.6
49.3
34.7
14.5
273.2

1,046.7
623.9
81.3
263.5
279.0
154.8
147.4
105.4
42.8
62.9
41.6
8.6
-.7
48.3
37.2
11.1
49.0
33.8
15.1
272.0

1,054.3
627.1
80.5
263.7
283.0
158.7
148.8
104.9
43.3
62.0
43.7
11.0
-1.8
47.8
36.7
11.2
49.6
34.1
15.5
273.6

1,062.2
630.9
80.6
265.2
285.3
161.9
153.4
107.0
43.4
64.0
46.2
9.8
-3.3
49.0
37.3
11.7
52.2
37.3
14.9
276.0

121.1
93.3
28.0
105.6
-3.8

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

123.1
94.5
28.8
108.2
-4.2

125.7
95.4
30.4
111.3
-4.0

129.1
98.9
30.4
112.9
-3.5

132.1
102.6
29.8
114.3
-2.6

138.8
107.9
31.1
115.2
-3.3

141.1
111.5
29.9
116.5
-3.5

143.4
115.4
28.3
119.5
-3.2

153.2
122.3
31.2
120.9
-5.6

151.3
122.6
29.0
121.6
-5.6

152.4
124.5
28.4
122.1
-6.2

152.6
123.7
29.3
124.2
-€.3

1968

1969

1970

Line
I

IV

I

II

III

IV

1,134.8
695.3
89.9
287.8
317.7
167.4
166.1
119.4
46.9
72.6
46.4
1.3
-3.1
59.2
45.9
13.2
62.3
45.7
16.5
276.4

1,137.2
698.6
90.8
288.4
319.6
168.0
162.5
118.8
46.5
72.5
43.3
5.4
-2.4
61.1
47.0
14.1
63.5
46.1
17.4
273.7

1,147.1
704.8
91.0
290.3
323.6
170.7
165.3
119.4
46.6
72.8
45.6
5.1
-2.3
61.0
47.1
13.9
63.3
45.9
17.4
274.8

1,134.8
702.5
84.5
292.6
325.8
161.0
165.5
115.0
46.1
69.1
50.4
-5.1
-2.4
61.9
47.7
14.1
64.3
47.2
17.1
2745

142.2
113.8
28.7
134.6
-1.8

138.7
109.6
29.4
135.4
-1.3

136.6
107.8
29.0
138.5
-.9

135.4
106.7
29.0
139.3
-1.1

1,083.8
645.5
85.8
271.0
288.5
165.9
157.1
110.4
44.2
66.4
46.5
9.6
-5.2
50.1
38.5
11.6
55.3
40.2
15.1
280.9

1,102.5
655.6
87.4
274.4
293.6
172.7
156.2
108.4
43.8
64.9
47.7
17.3
-5.2
51.0
39.1
11.9
56.1
41.2
14.9
282.2

1,110.2
668.0
91.4
278.7
297.5
167.2
158.5
109.9
43.5
66.5
48.5
9.4
-5.4
54.1
41.8
12.3
59.5
44.0
15.5
282.9

1,114.9
671.0
90.8
278.7
301.3
169.1
162.5
113.2
44.4
68.8
49.1
7.3
-6.1
52.9
40.8
12.2
59.0
43.3
15.7
2833

1,132.2
678.3
92.5
281.3
304.3
180.0
167.5
116.4
45.1
71.3
50.9
13.2
-6.1
47.4
35.3
12.1
53.4
37.7
15.7
282.5

1,135.1
682.6
92.2
282.7
307.5
178.6
168.3
117.7
45.5
72.2
50.4
10.9
-*.5
57.5
44.7
12.7
64.0
47.8
16.2
282.2

1,141.7
685.7
91.9
283.2
310.4
182.4
171.1
120.9
47.6
73.4
49.9
11.7
-6.4
56.8
43.6
13.2
63.2
46.8
16.3
281.7

1,136.4
691.0
91.5
284.9
314.6
173.0
166.8
120.2
47.3
73.0
1
46.3
6.4
-4.6
57.8
45.0
12.7
62.5
45.6
16.8
278.4

155.2
126.7
29.0
126.5
-5.2

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

154.2
126.7
27.9
128.9
-5.0

153.1
124.5
29.0
130.6
-4.0

152.7
124.0
29.1
131.6
-4.2

150.8
121.6
29.5
132.4
-3.9

149.5
120.1
29.8
133.4
-3.0

148.7
119.0
30.0
133.6
-2.7

145.7
117.5
28.5
133.3
-2.2

1971

1972

1973

Line
I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




IV

IV

I

III

1,166.5
716.1
94.0
293.6
328.7
181.9
169.3
116.1
46.0
70.2
53.1
13.6
-2.2
61.4
46.9
14.5
63.6
47.0
16.6
271.2

1,172.9
722.7
96.1
294.7
332.0
187.4
176.2
117.7
45.9
71.9
58.5
12.3
-7.1
61.3
46.8
14.5
68.4
51.5
16.8
270.2

1,181.9
728.2
98.7
294.7
334.9
189.8
179.5
118.1
45.7
72.5
61.3
11.3
-5.2
64.7
50.1
14.6
69.9
53.3
16.5
269.2

1,184.9
740.3
103.0
297.2
340.1
183.7
184.2
120.5
45.6
75.0
63.7
-.3
-7.5
57.6
43.4
14.3
65.1
48.6
16.5
268.5

1,208.1
750.1
105.5
299.0
345.5
196.4
192.5
124.6
46.8
77.8
68.0
3.7
-10.2
64.5
50.4
14.1
74.6
57.1
17.5
271.8

1,235.8
763.8
108.1
306.4
349.3
208.3
195.9
126.6
47.0
79.6
69.3
12.6
S.5
63.5
49.2
14.3
72.0
54.4
17.5
272.2

1,248.0
775.4
110.9
310.7
353.7
211.9
198.1
128.7
47.1
81.6
69.5
13.8
-7.1
66.3
52.1
14.3
73.5
56.8
16.7
267.9

1,269.7
793.7
116.9
316.1
360.7
213.9
207.4
135.4
47.8
87.6
71.9
6.2
-6.2
70.6
55.5
15.1
76.8
59.4
17.4
268.4

1,302.1
808.1
124.5
319.5
364.2
227.5
216.2
141.8
49.4
92.4
74.4
9.7
-3.3
77.0
60.6
16.5
80.3
62.5
17.8
270.0

1,315.2
807.3
122.5
316.8
368.2
236.3
217.9
147.5
50.9
96.6
70.6
17.5
2.4
80.4
63.6
16.8
78.0
60.9
17.1

131.3
102.9
28.5
140.0
-1.9

129.3
99.1
30.3
141.0
-1.9

127.9
96.3
31.5
141.3
-1.2

125.3
95.1
30.3
143.1
-.5

128.1
96.2
32.0
143.7
0

129.0
96.5
32.5
143.2
-.3

123.5
91.3
32.2
144.4
-.1

121.9
89.9
32.0
146.5
.3

122.8
90.4
32.3
147.2
1.3

121.6
89.5
32.1
147.5

269.1

1,310.0
810.6
121.5
318.6
370.6
228.4
217.3
149.9
52.1
97.9
67.6
9.3
5.2
81.1
63.5
17.6
75.9
60.0
15.9
265.3

1,320.8
808.5
118.5
317.5
372.7
235.2
215.0
151.0
51.6
99.5
64.4
18.3
8.0
84.4
67.1
17.1
76.4
60.4
16.0
268.2

116.2
84.0
32.2
149.0
2.0

117.3
85.6
31.7
150.8
2.4

34

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2C.—Real Gross Domestic Product, Chained (1972) Dollars: Annually and Quarterly, 1962-82—Continued
[Billions of chained (1972) dollars; quarters seasonally adjusted at annual rates]
1974

1975

1976

Line

1

III

I

IV

II

III

I

IV

II

IV

1,310.7

1,314.2

1,299.6

1,292.5

1,275.9

1,287.1

1,309.5

1,325.9

1,357.4

1,368.7

1,375.2

1,386.5

2

801.5

804.4

807.5

794.3

800.4

814.5

826.4

835.4

853.6

861.5

870.4

882.3

3

Personal consumption expenditures

III

1

Gross domestic product

115.2
313.3
373.1
221.4
210.0
150.9
51.4
99.7
59.6
9.0
13.4
87.3
68.3
19.0
73.8
57.5

117.3
312.8
377.7
207.8
203.3
148.8
48.9
100.2
55.2
3.6
10.1
86.5
67.2
19.5
76.4
59.8
16.5
272.8

104.8
308.4
380.9
209.1

109.5
316.4
388.5
166.9
177.5
132.2
44.1
88.3
45.9
-9.4
22.4
85.0
64.8
20.7
62.6
47.5

116.6
319.0
391.1
181.6
181.9
1334
44.4
89.2
49.1
-.1

120.1
320.0
396.0
186.1
185.4
1347
44.5
90.5
51.3
.8
19.7
91.1
69.6
22.0
71.4
55.4

127.9
333.5
409.7
214.5
198.3
141 8
46.0
96.1
57.2
15.8
11.8
94.2
71.1
23.9
824

15.6

15.6

16.2

278.0

280.2

278.5

65.0
17.2
277.2

130.3
336.4
416.5
216.4
208.5
144 6
46.1
98.9
64.4
6.8
10.2
95.3
71.7
24.4
851
67.4

277.0

126.4
326.3
401.7
204.6
193.0
1371
45.7
91.7
56.5
10.7
14.9
90.8
68.8
22.6
75 9
59.3
16.6
281.2

126.7
330.7
404.8
214.0
196.3
1387
45.5
93.5
58.1
16.8
12.5
91.7
69.7
22.5
792
62.3

273.8

107.3
309.7
383.5
172.3
180.1
1358
45.9
90.1
44.9
-5.9
20.6
88.7
68.0
21.0
68 0
51.9
16.5
277.7

19

16.4

20

271.6

116.3
312.2
376.2
220.7
206.9
150.5
51.2
99.5
57.0
12.5
13.3
91.0
71.1
19.9
77.8
60.9
16.9
273.9

21
22
23
24

118.8
85.5
33.4
152.8

119.2
87.3
31.9
154.6

118.4
84.1
34.4
154.3

119.4
84.2
35.3
154.3

118.9
84.4
34.5
158.7

119.3
84.6
34.8
157.5

118.6
84.0
34.7
159.3

119.0
83.9
35.2
161.0

117.7
82.5
353
163.3

117.6
82.6
351
160.7

117.3
82.5
349
159.7

117.6
82.2
35 5
159.3

25

Durable goods
Nondurable goods
Services

4.3

2.3

.7

5.3

2.2

4.5

3.3

2.6

1.8

1.1

-.9

-1.0

II

4
5
6

Gross private domestic investment

7

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

8
9
10
11
12
13
14
15
16
17
18

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

II

..

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

191.7
144.6
48.3
96.5
47.9
13.3
13.2
88.8
68.3
20.8
75.6
58.8
17.0

1977

18.7
86.5
66.1
20.8
67.8
52.4

16.8

1978

17.6
277.1

1979

Line

II

IV

I

II

III

IV

III

IV

1,403.4

1,428.6

1,454.3

1,456.1

1,460.1

1,516.4

1,531.0

1,551.5

1,555.4

1,556.4

1,567.4

1,572.7

2

892.9

897.7

906.3

919.9

924.9

945.0

949.8

957.3

963.6

962.3

971.2

974.8

7
8
9
10
11
12
13
14
15
16
17
18
19

135.7
338.4
420.1
227.7
216.1
1502
46.0
104.9
66.4
10.5
4.7
93.9
70.3
24.5
89.2
71.0
17.8

138.9
337.7
422.5
242.8
228.2
154.7
47.7
107.6
74.0
13.5
6.4
96.4
72.1
25.2
90.0
71.5
18.1

140.8
3383
428^9
256.4
230.9
157 6
48.4
109.9
73.8
24.3
8.5
97.2
72.8
25.2
88.7
70.7
17.7

143.5
344.5
433.6
251.0
235.2
1630
48.8
115.1
72.8
14.5
3.9
93.9
69.8
25.1
90.0
71.7
18.0

139.7
346.7
439.8
255.1
236.9
164 3
48.2
117.0
73.2
16.5
.1
96.1
70.8
26.5
96.0
76.7
18.9

150.6
350.4
446.1
271.3
253.4
177 5
52.5
126.0
76.6
16.0
9.9
106.2
80.6
26.4
96.3
77.0
18.9

148.5
354.1
449.0
278.6
260.0
1832
55.3
128.7
77.7
16.9
9.7
107.3
81.1
27.0
97.6
77.9
19.3

149.6
358.4
451.1
285.3
265.2
1888
57.3
132.2
77.5
18.5
12.6
111.6
84.4
28.0
98.9
78.9
19.6

148.1
360.2
456.9
285.2
267.6
1933
57.3
137.1
75.7
14.8
13.0
111.6
84.5
280
98.6
78 7
19.5

144.7
358.8
460.2
285.1
265.8
1930
58.3
135.5
74.3
16.0
12.6
111.8
85.1
27.5
99.2
79.2
19.5

148.8
362.6
461.4
279.9
270.8
1993
61.3
138.7
73.4
6.2
18.1
115.7
89.0
272
97.7
77 9
19.4

144.9
365.5
465.4
274.4
268.1
1998
63.3
136.8
70.5
3.1
22.9
122.6
95.8
27 0
99.8
79 9
19.4

20

279.0

282.0

282.2

281.8

282.4

289.9

2923

295.1

292.4

295.3

295.9

298.4

21
22
23
24
25

Personal consumption expenditures
Durable goods
Nondurable goods
Services

118.2
82.8
35.5
160.7
-3.6

120.1
84.0
36.2
161.7
-2.9

120.5
83.8
36.9
161.5
-1.9

119.8
81.8
38.2
161.8
^3.7

120.2
82.3
38.1
162.0

123.0
83.9
39.2
166.8
-2.8

123.5
84.2
39.4
168.7
-2.4

124.6
84.6
40.2
170.3
-2.1

124 7
84.9
40.0
167.6
-1.5

126.0
86.3
39.8
169.2
-.6

125.9
86.2
39.9
169.8
.2

1265
87.1
39.5

4
5

Gross private domestic investment

6

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
...
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense

Nondefense
State and local
.

-5.1

1980

II

I

I

IV

1.4

II

III

IV

I

II

III

IV

1

Personal consumption expenditures

...

1,577.9

1,545.7

1,543.3

1,570.8

1,601.3

1,590.1

1,609.0

1,590.0

1,563.7

1,570.4

1,562.9

1,564.1

2

973.8

951.6

961.3

972.9

977.0

977.7

982.3

974.6

980.4

983.1

989.6

1,006.2

3
4
5

Gross domestic product

142.9
364.7
467.0

127.0
360.0
463.7

133.1
359.3
468.9

137.4
361.1
474.8

141.5
364.6
471.7

135.8
365.7
476.2

140.2
365.7
477.0

129.9
366.2
477.5

134.4
366.7
478.9

134.8
367.3
480.7

135.9
369.3
484.0

142.4
372.9
491.3

6

.

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

272.1

247.5

229.3

253.2

277.7

265.1

280.6

271.0

242.7

241.5

238.4

218.3

7
8

Gross private domestic investment
Fixed investment
Nonresidential
Structures
.
Equipment and software
Residential
Change in private inventories

III

171.7

1982

1981

Line

Durable goods
Nondurable goods
Services

I

3

Gross domestic product

Residual

III

1

I

265.0
202 2
64.5
138.0
65.5
3.3
26.6

241.2
191.8
62.9
128.7

243.8
193.4
63.4
129.8

254.0
197.5
65.3
131.9

255.9
200.6
65.1
135.5

256.9
204.4
67.6
136.6

256.9
209.4
69.2
139.9

256.1
214.6
74.5
138.7

248.6
2098
72.1
136.5

36.2

42.4

37.0

35.5

36.0

34.3

32.7

30.1

239.6
201.9
69.7
131.0
42.5
-.9
32.5

232.4
195.1
65.9
128.5
42.0
3.4
22.7

233.3
1913
64.6
126.0
46.0
-18.0
21.2

15
16
17
18
19

126.5
98.8
27.8
99.9
80.0
19.3

128.8
100.6
28.5
92.6
73.6
18.8

128.3
98.8
30.0
85.9
67.5
18.6

127.6
98.4
29.7
90.6
71.3
19.3

129.9
99.3
31.3
94.4
74.3
20.2

130.6
99.1
32.3
94.6
74.3
20.3

127.8
96.2
32.7
93.5
73.6
19.9

128.8
97.8
32.0
96.2
76.0
20.1

123.6
92.0
32.7
93.5
73.2
20.5

124.4
93.1
32.5
91.9
71.1
21.3

118.8
88.4
31.6
96.2
75.2
21.2

113.6
83.4
31.3
92.4
71.3
21.8

20

302.8

303.7

299.8

299.3

303.3

304.1

303.4

305.5

305.1

306.9

309.0

314.1

21
22
24

130.1
892
41.0
172.5

133.4
894
44.3
170.3

131.8
89 7
42.3
167.9

132.1
90.7
41.5
167.2

134.8
92.4
42.6
168.5

138.9
95.2
43.8
165.3

138.8
96.0
42.8
164.7

139.6
97.2
42.5
166.0

139.8
98.4
41.4
165.4

141.2
101.3
39.7
165.8

143.5
103.3
40.0
165.7

147.6
106.1
41.3
166.7

25

2.0

7.1

9.8

8.4

6.0

4.5

5.3

5.0

3.6

5.3

1.3

3.2

9
10
11
12
13
14

23

52.9

53.9

59.6

58.5

56.3

51.8

46.6

43.9

2.7

-17.5

-4.6

18.8

6.3

21.0

12.2

-6.6

NOTE.—Chained (1972) dollar series are calculated as the product of the chain-type quantity index and the 1972
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.




Chain-type quantity indexes for the series in this table are shown in table 7.1.

35

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2D.—Real Gross Domestic Product, Chained (1982) Dollars: Annually and Quarterly, 1972-92
[Billions of chained (1982) dollars; quarters seasonally adjusted at annual rates]
Line

1980

1979

1978

1977

1976

1975

1982

1981

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Durable goods
Nondurable goods
Services
Fixed investment
Nonresidential
Structures
Equipment and software
Residential.
Change in private inventories

. . .

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
inv&stnrent
Federal
National defense
Nondefense
State and local
Residual

2,582.8

2,731.9

2,715.7

2,706.1

2,856.6

2,989.2

3,154.0

3,254.4

3,247.0

3,326.5

3,259.2

1,619.1

1,698.7

1,684.6

1,720.9

1,821.2

1,899.4

1,983.6

2,033.4

2,026.9

2,054.3

2,079.3

193.7
657.4
765.8

213.8
678.9
802.0

199.1
665.2
819.5

199.0
675.0
847.3

224.4
708.0
887.3

245.3
725.0
926.6

258.3
752.1
970.6

257.4
772.1
1,002.0

237.1
771.0
1,018.6

240.2
780.1
1,033.8

240.2
787.6
1,051.5

455.5

508.8

471.2

387.7

465.9

536.3

598.1

616.9

549.6

600.2

516.1

442.0
274.6
121.3
156 6
168.9
22.6

482.3
314.5
131.2
185 3
167.8
34.0

452.0
317.0
128.5
189.8
133.2
23.9

403.5
285.7
115.0
171.7
115.9
-9.0

443.2
299.6
117.9
182 3
143.2
31.0

506.8
333 3
122.7
209 7
173.9
38.9

565.3
3804
137.2
2416
184.9
42.1

596.9
4185
154.5
2628
178.1
24.9

558.8
4183
164.7
253 3
140 4
-10.0

571.0
441 8
177.7
264 0
1292
36.1

531.0
425 3
175.0
2503
105 7
-14.9

-84.8

-61.9

-38.1

-12.1

-42.7

-65.7

-67.4

-48.8

1.6

-2.8

-20.5

155 8
124.8
30.5
240.7
196.2
42.9

189.9
153.5
35.9
251.9
210.0
41.5

208.0
165.7
41.8
246.1
204.2
41.5

206.7
161.8
44.6
218.8
178.5
39.7

2188
169.5
49.3
261.6
2188
42.4

224 3
171.7
52.8
290.1
245 4
44.5

247 8
190.9
57.0
315.2
267 4
47.7

2717
213.4
57.9
320.5
272.0
48.3

3008
238 9
61.3
299.2
251 8
47.3

304 2
2363
67.7
307.0
257 0

500

282 6
215 0
67.6
303.2
2505
52 6

598.6

594.3

605.2

616.7

617.2

623.4

642.7

655.0

668.0

674.0

684.4

21
22
23
24
25

Gross domestic product
Personal consumption expenditures

274.7
208 6
66.9
323.6

261.2
195.1
66.7
333.0

260.1
190.3
70.2
345.0

260.1
188 0

257.1
1841

356.5

360.1

379.9

288.3
2003
87 9
379 6

301.8
2125

732

268.6
1869
81 6
374.0

275.1
1923

724

261.7
185 5
76 3
361.6

3721

312.8
2283
84 5
3716

-18.8

-13.8

-10.8

-13.9

-12.5

-10.9

-8.1

-3.4

3.0

-5.5

-.1

Line

1984

1983

1985

1987

1986

828

1989

1988

893

1990

1991

1992

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross

.

Residual

3,400.:J

3,647.3

3,787.7

3,917.1

t1,050.2

4,219.2

4,367.3

4,444.2

4,423.3

4,558.3

2.192.J$

2,311.1

2,425.5

2,527.3

•2,611.2

2,716.6

2,789.1

2,840.4

2,835.4

2,916.6

275.<)
813.* J
1,103.2>

316.3
846.1
1,149.7

347.5
869.2
1,209.8

379.2
900.4
1,250.3

385.8
922.0
,304.1

408.1
951.4
1,357.8

416.7
977.3
1,395.5

412.8
990.8
1,434.0

385.6
986.7
1,453.5

406.0
1,005.3
1,496.2

21
22
23
24
25

Gross domestic product

Federal
National defense
Nondefense
State and local

1974

1973

1972

5C1
.

565.1

731.0

724.2

719.4

737.5

757.3

785.5

761.1

695.8

754.8

570." r
421J '
156.$ >
263.*
149.
-9.2>

666.4
495.1
179.3
315.3
170.8
72.5

701.5
528.2
192.4
335.4
173.2
25.9

709.8
514.1
171.6
342.1
193.9

9.1

709.7
513.4
165.4
347.7
194.4
28.2

735.5
541.4
167.5
373.8
193.4
17.5

755.4
571.3
171.6
399.9
185.4
28.3

741.7
575.5
174.1
401.5
169.5
15.8

690.2
547.2
154.9
393.3
147.8
-1.0

735.0
565.6
145.5
422.6
172.0
16.3

-65/ '

-125.8

-145.1

-160.4

-153.1

-114.0

-85.1

-65.1

-28.5

^3.0

275." '
208.J
66.<
341.-!^
284.I >
56.<

298.8
225.3
73.4
424.5
353.4
71.2

306.9
232.9
74.0
452.0
375.4
76.6

329.5
244.9
83.9
489.9
413.9
76.8

366.5
272.0
93.6
519.6
433.1
86.5

425.4
323.2
102.3
539.4
450.7
88.9

475.6
364.0
112.2
560.7
469.6
91.4

517.1
394.0
123.5
582.3
483.8
98.3

550.9
421.9
129.8
579.4
483.5
96.0

584.8
450.7
135.8
617.8
528.2
92.1

707.C1

731.8

779.0

821.3

845.7

855.5

879.1

907.7

918.3

922.6

>
332 £
243.JI
88.6>
374 i)

3428
255.5
87.3
389.0

3690
276 9
92.0
4100

3893
294.3
94.8
4321

403 7
308.1
95.3
442.2

3963
3058
90.4
4586

401 6
3034
97.9
4764

4098
303.3
106.1
4965

4085
300 0
1080
507 8

401 9
2854
1157
5182

-6.6

.5

11.2

11.0

9.0

-.3

4.4

14.5

8.9

I

1972

1974

1973

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

Net exports of goods and services

.

.

.

...

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




.

II

III

IV

II

III

IV

II

I

III

IV

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

2,515.5

2,573.2

2,598.6

2,643.8

2,711.3

2.738.4

2,727.6

2,750.2

2,729.1

2,736.5

2,706.1

2,691.2

1,575.7

1,604.5

1,628.8

1,667.2

1,697.6

1,695.8

1,702.9

1,698.5

1,6837

1 689 8

16963

16685

1852
638.2
751.1

189 8
653.8
759.3

194 7
663.1
769.0

205 3
674.6
784 0

218 6
681.9
791 7

2151
676.0
800 4

213 4
680.0
805 6

208 0
677.5
8101

202 3
668.6
810 9

204 2
666.3
817 7

205 9
667.7
821 1

184 0
658.3
8280

430.8

457.0

464.8

469.3

499.2

518.5

501.2

516.1

485.8

484.3

455.B

458.8

428 7
265.5
120.3
149.3
164.8

441.2
274.3
121.1
156.4
168.4
34.3

461 8
288.7
1230
168.0
174.4
15.4

481 4
302.2
1271
177.3
1803
24.1

485 3
314.3
131.0
185.2
171.1
43.5

4838
319.5
134 0
187.7
1638
23.0

478 7
321.9
132 8
190.8
156 0
45.3

467 6
321.7
1321
191.2
144 6
22.4

4608
320.9
131 6
1908
138 3
31.0

452 8
317.2
125 9
1922
133 7

4269
308.2
124 3
185 0
1161

9.3

4363
269.9
120.9
152.7
168.0
31.3

-90.4

-84.0

-82.2

-82.9

-79.2

-63.9

-55.2

-49.3

-34.1

-38.0

9.0
441

-363

151 7
121.4
29.7
2421
196.9
43.5

149 4
118.5
30.2
233 4
187.6
43.6

156.1
125.5
30.1
238.3
195.6
41.5

1661
133.8
31.8
249 0
204.7
43.1

181 3
146.0
34.7
2605
215.4
44.3

1891
153.1
JV>5
253 0
209.9
42.5

190 8
153.0
37.2
246 0
206 7
39.5

198 6
161.8
36.2
247 9
2082
39.8

2054
164.7
40.1
2394
1983
40 7

214 2
171.4
42.1
2521
2098
41 9

203 6
162.0
41.1
247 7
2062
41 1

208 9
164.5
44 0
2453
2025

602.5

603.3

593.8

594.9

598.4

596.4

587.9

594.4

602.0

607.1

604.7

606.8

21
22
23
24
25

280.2
214.7
66.4
321.9

282.0
215.3
67.6
320.8

270.1
203.8
66.9
323.5

266.6
200.7
66.6
328.1

268.5
201.9
67.3
329.8

265.9
199.9
66.7
330.4

254.1
187.6
66.9
333.9

256.5
191.1
65.9
337.9

259.7
190.8
69.4
342.2

260.7
194.9
66.3
346.4

258.9
187.7
71.6
345.7

261.2
188.0
73.5
345.6

-16.4

-23.8

-21.1

-14.1

-9.7

-17.1

-12.3

-15.2

-11.2

-12.8

-10.2

330

422

36

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2D.—Real Gross Domestic Product, Chained (1982) Dollars: Annually and Quarterly, 1972-92—Continued
[Billions of chained (1982) dollars; quarters seasonally adjusted at annual rates]

1976

1975

1977

Line

I

I

IV

I

IV

2,656.7

2,726.6

2,760.9

2,826.4

2,849.9

2,863.4

2,886.9

1,711.0

1,736.0

1,755.0

1,793.1

1,809.8

1,828.4

1,853.4

188.3
661.0
833.7
378.1
400.9
289.4
118.0
172.7
108.9
-14.5
-12.0
208.6
163.9

Personal consumption expenditures

2,680.1

1,681.5

Gross domestic product

192.3
675.3
844.5
366.1
395.2
281.8
113.5
169.3
111.3
-23.2

204.6
680.8
850.2
398.3

-2.9
200.1
156.3
43.7
203.0
163.6

-16.4

210.8
682.9
860.8
408.3
412.8
287.1
114.3
173.6
124.2
1.9
-17.2
214.4
167.8

221.9
696.5
873.1
448.9
429.7
292.2
117.4
175.8
136.9
26.6
-32.4
213.7
165.9
47.7
246.1
204.4

222.5
705.7
880.0
469.6
437.0
295.7
117.1
179.3
140.9
41.6
-41.1
215.7
168.1
47.5
256.8
214.6

224.6
711.8
890.6
470.6
441.6
302.2
118.3
184.3
138.6
39.1
-45.6
221.7
171.2
50.4
267.3
224.1

228.7
717.9
905.4
474.7
464.3
308.2
118.6
189.6
156.2
16.8
-51.8
224.3
172.8
51.6
276.1
232.1

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

44.4
220.7
178.9

405.0
284.3
114.2
171.0
119.0
-.1
203.5
159.3
44.0
219.9
180.6

46.4
231.6
190.8

III

2,922.1
1,875.7
238.1
722.1
913.2
499.5
481.2
320.2
118.3
201.1
160.9

25.9
-68.2
220.9
169.4
51.7
289.1
244.7

IV

2,974.6

3,028.2

3,031.8

1,885.7

1,903.9

1,932.3

243.9
720.8
918.5
532.7
508.2
329.7
122.7
206.3
179.4
33.4
-65.0
226.8
173.7
53.2
291.8
246.5

247.2
722.0
932.3
562.5
514.2
336.0
124.6
210.7
178.8
60.3
-59.0
228.7
175.5
53.3
287.7
243.5

252.0
735.2
942.5
550.6
523.7
347.5
125.5
220.6
176.4
36.1
-70.8
221.0
168.2
52.9
291.8
247.0

41.0

Residual

38.7

40.3

41.2

41.8

42.8

43.7

44.3

45.1

44.0

44.6

613.9

616.2

621.0

623.3

617.2

614.3

614.2

618.5

625.0

625.5

624.6

259.9
188.5
71.8
355.6
-15.7

Federal
National defense
Nondefense
State and local

38.7

615.6

Government consumption expenditures and gross
investment.

261.0
188.8
72.5
352.9
-14.8

259.3
187.5
72.1
356.8
-13.5

260.3
187.4
73.1
360.7

257.5
184.2
73.4
365.7
-13.1

257.2
184.4
73.0
360.0
-13.8

256.5
184.1
72.6
357.8

257.3
183.6
73.9
356.8

258.4
184.7
73.8
360.1

-13.1

-9.2

-8.2

262.7
187.6
75.2
362.2
-10.7

263.6
187.0
76.7
361.8
-14.5

262.0
182.6
79.3
362.5
-10.4

-11.9

1978

1979

1980

Line

I

III

I

IV

II

IV

I

IV

3,1575

3,187.9

3,230.5

3,238.7

3,240.7

3,263.7

3,274.6

3,285.5

3,218.5

3,213.4

3,270.6

1,943.0

1,985.1

1,995.3

2,010.9

2,024.1

2,021.4

2,040.2

2,047.7

2,045.6

1,999.1

2,019.4

2,043.7

245.3
739.9
956.1
559.7
527.4
350.2
124.0
224.4
177.5
40.9
-85.1
226.2
170.5

Personal consumption expenditures

III

3,040.3

Gross domestic product

264.5
747.9
969.7
595.3
564.2
378.4
134.9
241.7
185.8
39.6
-€2.4
249.9
194.2
55.7
312.3
265.3

260.7
755.8
976.1
611.3
578.9
390.5
142.3
246.8
188.4

262.7
764.8
980.7
626.0
590.4
402.4
147.5
253.6
187.9

45.9
-68.3
262.5
203.4

251.0
778.3
1,015.0
597.0
590.0
431.1
165.8
264.6
158.7
8.2
-26.4
297.6
238.0

233.6
766.7
1,019.3
503.1
542.8
412.1
163.1
248.9
130.6
-43.5

241.2
770.7
1,032.0
555.5
565.6
421.0
168.0
252.9
144.4
-11.4
6.6
300.3
237.1

59.2
320.8
271.9

261.3
773.9
1,002.9
614.1
603.0
424.8
157.6
266.0
177.8
15.4
-44.4
272.3
214.5
57.4
316.7
268.4

254.4
780.1
1,011.6
602.1
597.0
425.9
162.8
262.3
170.9
7.6
-35.0
288.6
230.7

57.1
316.4
268.4

254.0
765.7
1,000.3
625.5
591.9
411.4
150.0
259.9
180.2
39.7
-68.5
263.1
205.0
58.0
321.7
273.1

222.9
768.2

41.9
-63.9
252.5
195.4

259.9
768.8
993.1
625.7
595.8
412.0
147.4
262.9
183.5
36.8
-57.3
262.6
203.5
59.1
319.9
271.3

58.8
323.9
275.7

48.5
654.6

48.2
655.9

57.1
323.6
275.2
48.2
661.4

275.6
192.7
82.9
378.9
-5.0

275.4
192.4
83.0
380.4

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

56.0
311.3
264.2
47.1

47.9

48.8

48.5

642.6

648.0

654.0

648.2

263.0
183.6
79.3
362.9

Federal
National defense
Nondefense
State and local

47.0

626.0

Government consumption expenditures and gross
investment.

268.9
187.4
81.5
373.6
-6.7

270.0
187.9
82.0
377.9

272.5
188.8

272.7
189.5
83.1
375.4

-8.8

Residual

-8.1

83.6
381.5
-3.4

-4.5

-2.3

48.1
671.1

284.6
199.2
85.3
386.4

276.6
194.4
82.2
384.7
-.8

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual
See note at the end of the table.




3,310.9

2,052.3

2,053.9

248.4
778.1
1,025.4
609.2
569.7
427.7
167.5
259.9
141.9
46.6

238.4
780.5
1,035.1
581.6
572.1
435.7
173.8
261.9
136.4

-.6

.5
307.3
238.9
68.2
306.7
256.2

305.6
239.2
66.1
306.2
256.0

15.6

537.0

408.9
161.8
246.8
128.1
6.7
2.8
303.2
242.3
60.1
300.4
253.5
46.7
673.1
291.6
199.5
92.0
381.4

23.2
302.0
238.1
63.4
278.7
232.4

62.7
293.7
245.6

46.3
664.4

48.0
663.4

288.2
200.3
87.9
376.1
7.6

288.8
202.4
86.4
374.6
3.2

1983
I

IV

I
3,334.2

543.0

0

1981
Line

Gross domestic product

1,008.1

3,350.3
2,063.4
246.2
780.4
1,036.8
615.6
572.0
446.4
178.0
268.3
125.6
52.0
-2.5
300.8
231.8

69.0
303.2
253.8
49.4
672.5

3,310.7
2,047.3
228.0
781.5
1,037.9
594.6
570.2
457.3
191.5
265.9
112.9
30.3
-S.7
303.2
235.6
67.5
311.9
262.0

49.9
677.1

50.1

50.5

672.3

674.0

294.8
206.2
88.6
377.5

303.7
212.5
91.2
370.3

303.5
214.4
89.1
369.0

305.3
217.0
88.3
371.8

-5.1

-5.2

-7.1

-5.6

IV

3,255.9
2,059.5
235.9
782.7

1,041.0
532.4
553.6
447.1
185.4
261.8
106.5
-21.3
-12.2
290.8
221.8
69.1
303.1
252.2
50.8

III

IV

3,294.3

3,372.1

3,432.2

3,502.6

2,078.8

3,256.7
2,113.7

2,133.0

2,177.5

2,212.1

2,248.6

238.5
788.2
1,052.0
523.0
517.5
415.8
169.4
246.4
101.7
8.5
-32.3
279.6
213.0

249.9
795.8
1,068.0
479.0
519.4
407.8
166.1
241.7
111.6
-44.7
-32.4
267.3
201.0

252.7
799.8
1,080.4
495.5
529.7
400.6
159.4
241.2
128.9
-40.1
-34.9
271.6
204.0

271.7
807.7
1,098.0
545.8
552.4
406.3
152.0
254.0
145.5

-9.3
-57.6
272.5
205.4

282.5
819.7
1,110.1
579.9
584.0
424.3
155.6
268.4
158.9
-9.4
-79.2
276.6
208.9

66.2
299.7
245.5
54.1

67.6
306.5
252.9
53.6
700.0

67.1
330.1
274.0

67.7
355.8
297.4

296.8
827.9
1,124.3
639.3
616.6
452.7
160.5
291.7
163.2
21.8
-91.1
282.2
217.0
65.3
373.3
314.0

56.2

58.4

705.5

717.8

59.3
705.9

325.8
237.5
88.3
374.2
6.9

332.4
242.7
89.7
373.2
4.6

341.8
244.4
97.3
376.1
7.8

329.9
250.6
79.2
376.0
1.6

3,269.9
2,065.3

3,254.4

236.6
783.8
1,044.9
529.8
533.4
430.4
179.2
251.3
103.0

-2.1
-5.3
292.8
224.2
68.6
298.1
245.2

676.3

680.2

66.7
311.9
259.3
52.7
684.9

305.8
219.7
86.1
370.5
-.3

308.8
226.2
82.6
371.4

313.8
230.6
83.2
371.1

-1.7

-2.9

52.9

I

696.2
322.8
236.8
86.0
373.4
4.5

37

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.2D.—Real Gross Domestic Product, Chained (1982) Dollars: Annually and Quarterly, 1972-92—Continued
[Billions of chained (1982) dollars; quarters seasonally adjusted at annual rates]
1984

IV
3,639.8
2,303.3

3,671.3

308.4
832.4
1,132.5
708.8
636.5
466.7
169.6
296.7
169.0
80.4

315.6
847.3
1,141.7
732.4
663.7
489.8
178.1
311.3
173.2

315.6
850.0
1,154.7
747.2
676.8
505.4
183.6
321.3
171.0
79.4

-114.6

-124.3

288.7
216.1
72.5
403.3
337.1

295.9

66.3
713.9

69.4
729.7

332.8
251.3
81.4
381.1

343.6
254.4
89.3
386.1

-3.9

-9.6

3,579.1

Gross domestic product

2,272.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

76.8

221.2
74.6
420.2
350.8

1986

1985

I

2,319.3

-128.7
302.3
228.5

II

I

III

IV

III

IV

3,881.7

3,897.9

3,934.0

3,955.0

3,699.0
2,349.3

3,729.9
2,384.8

3,759.1
2,406.9

3,815.3
2,450.9

3,846.7
2,459.4

2,480.8

2,507.7

2,551.7

2,568.9

325.8
854.8
1,169.8
735.5
688.6
518.3
185.8
332.1
170.2

337.3
859.7
1,188.9
712.0
695.4
524.1
193.7
329.9
171.3
19.3

340.9
866.6
1,200.4
723.7
702.1
531.9
193.9
337.5
170.3

349.1
878.7
1,232.0
744.7
710.8
533.2
192.2
340.5
177.4
38.1

355.8
890.2
1,236.1
743.4
711.8
526.0
187.7
337.8
184.9
35.8

367.7
899.7
1,242.7
728.3
710.9
513.4
170.1
343.0
195.5

25.0

362.9
871.9
1,218.0
716.4
697.7
523.8
189.7
333.7
173.7
21.2

399.7
901.7
1,254.2
702.9
706.2
505.7
163.9
341.6
198.1
-6.5

393.7
910.0
1,268.3
703.1
710.3
511.1
164.8
346.0
197.1
-11.6

-125.9

-148.6

-148.7

-157.2

-147.5

307.9
233.3
74.6
433.9
356.0

306.6

302.0

232.5

311.0
236.3

319.7
237.0
81.9
467.2
390.3

-163.6
323.4
241.6

-169.5
331.1
245.4
84.8
500.7
423.7
77.8
835.8

-161.1
343.7
255.4
87.5
504.8
426.6
79.0
832.0

401.2
304.8

96.2
434.8

395.3
296.5
98.6
436.7

16.8

17.6

53.7
-135.5
308.2
235.6
72.7
443.7
367.6

72.8

76.1

77.8

78.1

734.9

748.7

757.4

772.4

229.5
72.6
450.7
375.5
75.2
791.2

342.5
253.5
89.0
392.4
-10.5

352.4
262.8

357.1
265.9

89.4
396.3
-6.3

91.1
400.3

364.9
272.7
92.1
407.6
.4

377.0
283.7
93.1
414.3
1.7

73.8
431.0
358.2

I

-1.6

74.2
455.2
376.9

74.8
468.2
393.2

18.8

81.3
487.0
415.0

75.2

77.0

73.4

794.8

800.9

816.6

377.0
285.2
91.6
417.9
1.3

374.7
282.9
91.6
426.1

385.9
292.8
92.9
430.7
9.5

1.2

1987

1989

Line

II

III

IV

4,060.0
2,632.5

4,130.5

4,158.0

2,570.8

4,026.3
2,603.7

2,637.8

368.9
915.8
1,286.3
724.2
694.1
496.8
160.3
336.3
194.8
32.3

384.6
922.4
1,297.8
724.7
707.3
508.3
161.5
346.6
196.7
16.5

400.7
923.1
1,310.4
721.8
719.6
524.8
168.4
356.1
193.5

389.0
926.7
1,322.0
779.5
717.7
523.8
171.5
351.9
192.5

-2.0

-157.3

-156.0

-150.5

344.6
252.7
90.5
501.9
419.7

358.7
263.4
94.0
514.7
428.2

374.4

82.4

I
3,984.0

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services

I

III

IV

III

IV

4,207.0

4,228.5

4,379.7

4,394.9

2,702.2

2,724.3

4,335.5
2,765.9

4,359.0

2,683.9

4,283.4
2,756.0

2,777.1

2,801.7

2,811.8

408.1
945.8
1,349.3
757.0
735.1
541.2
169.4
371.6
193.2
18.0

402.5
955.9

66.1

408.3
937.4
1,339.4
742.0
722.5
529.6
166.2
363.2
191.9
16.4

413.7
966.5
1,376.7
768.9
745.5
550.5
167.1
383.5
194.4
18.0

-148.7

-124.7

388.2

-111.0
428.7
324.1
104.6
539.8
451.2
88.7

411.6
970.1
1,384.4
799.1
750.7
558.9
170.2
388.7
191.9
49.1
-90.1
458.6
349.4
109.6
548.6
458.7

417.4
970.7
1,389.6
789.4
751.7
567.0
168.2
399.2
185.8
37.1
-82.2
476.8
367.6
110.3
559.0
469.0

426.0
980.0
1,397.3
779.5
765.5
584.0
174.6
409.7
183.5
9.7
-87.1
476.8
363.6
113.6
563.9
472.1
92.1
885.7

411.9
988.5
1,410.7
774.1
753.9
575.5
173.5
402.1
180.5
17.1
-61.2
490.0
375.3
115.4
571.2
478.6

390.5
301.6
88.7
459.5

406.3
307.6
98.4
478.4
1.5

404.0
304.3
99.4
484.9
2.8

292.7

95.4
537.0
446.2

99.3
534.5
444.9

86.5
843.5

94.5
524.9
438.5
86.5
845.6

90.6

89.5

857.2

850.7

-106.8
421.1
319.2
102.1
527.9
440.4
87.6
852.2

403.4
307.8
95.3
440.3

404.0
312.4
91.4
441.8

11.9

Government consumption expenditures and gross
investment.

279.2

409.8
310.6

96.8
439.1

Exports
Goods
Services
Imports
Goods
Services

14.1

15.5

409.9
311.8
97.8
447.5
2.4

398.2
307.9
90.1
452.1
9.6

393.8
304.9
88.7
457.7
7.0

836.5

397.5
300.4

Federal
National defense
Nondefense
State and local
Residual

1990

1,365.7
761.2
738.9
544.2
167.3
376.8
194.0
17.7

10.0

I

-113.6
441.8
339.1
103.4
555.4
466.0
89.7
868.4

90.1

877.2

393.7
297.7
95.7
468.5
-2.6

402.8
308.6
94.0
465.0
9.1

90.3

863.3

402.5
304.0
98.2
473.8
-3.6

92.9
890.2

1992

1991

Line

I
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Residual

4,451.8

4,415.2

4,393.5

4,418.1

2,835.0

4,460.0
2,843.2

2,853.8

2,829.7

2,817.0

2,837.5

429.5
991.2
1,415.8
783.4
765.0
583.0
177.0
406.0
184.0
15.0
-70.2
508.3
389.1
119.9
578.5
481.1

414.7
993.0
1,433.3
782.6
746.4
573.4
176.2
397.1
175.5
34.6
-70.0
518.9
396.8
122.7
588.8
490.5

409.8
995.4
1,444.8
765.5
740.1
578.8
175.7
403.2
165.3
22.9
-75.2
514.6
390.1
124.4
589.8
490.1

397.4
983.7
1,442.1
712.7
715.2
567.0
167.7
399.8
153.2

97.3
903.8

98.3
906.0

99.5
906.1

915.1

383.6
983.1
1,441.3
683.7
690.7
552.6
164.0
389.1
143.5
-14.8
-30.0
525.1
406.1
120.8
555.1
459.3
95.3
919.1

410.5
305.2
104.9
492.1
-1.5

411.0
304.5
106.2
493.7
.5

407.3
299.3
107.6
497.2
5.7

410.4
304.4
105.7
503.0
12.3

413.7
307.4
105.9
503.8
14.3

4,449.8

-9.5
-45.2
526.8
400.0
126.9
572.0
473.3
98.2

NOTE.—Chained (1982) dollar series are calculated as the product of the chain-type quantity index and the 1982
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.




I

IV

IV

II

III

IV

4,571.3

4,631.5

2,920.4

2,962.0
418.6
1,020.2
1,515.5
789.8
765.0
587.5
146.8
443.8
180.0
20.9
-40.2
594.8
463.3
134.6
635.0
544.0
93.9
925.0
404.6
285.8
118.1
518.0
3.8

4,452.8

4,494.1

2,840.6

2,885.1

4,536.2
2,899.0

384.8
990.1
1,453.1
678.4
687.7
548.8
159.8
389.7
144.2
-18.7
-23.8
550.9
422.4
129.5
574.7
477.2
97.2
921.9

4,428.9
2,846.7
390.1
990.6
1,457.0
696.0
689.9
545.0
149.6
396.9
149.4
-1.3
-36.0
554.1
422.6
132.0
590.2
495.6
95.3
918.0

383.8
983.0
1,462.5
724.9
692.6
542.3
146.4
397.7
154.2
30.9
-24.1
573.4
436.7
136.9
597.5
501.8

397.3
999.2
1,479.3
707.8
702.5
541.3
144.9
398.2
163.8
0

399.5
997.6
1,491.4
756.4
730.7
561.6
144.7
419.3
171.6
23.7
-35.9

914.1

-20.8
578.4
442.4
136.7
599.2
506.1
94.4
921.0

581.3
446.8
135.8
617.2
526.9
92.7
919.8

408.6
1,004.2
1,498.6
765.1
741.5
571.9
145.6
428.9
172.4
20.4
-35.0
584.7
450.2
136.0
619.7
536.0
87.6
924.6

414.2
306.0
107.8
506.0
17.8

407.0
298.4
108.2
508.9
17.4

399.1
288.2
110.3
512.5
7.9

399.6
283.9
115.0
518.7
15.2

399.2
283.9
114.6
518.0
8.9

404.0
288.1
115.3
518.1
8.5

96.4

Chain-type quantity indexes for the series in this table are shown in table 7.1.

38

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.3.—Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

Gross domestic product

103.7

91.3

76.6

58.8

56.4

66.0

73.3

83.7

91.9

86.1

92.0

101.3

126.7

Final sales of domestic product

102.2
1.5

91.5
-.2

77.7
-1.1

61.2
-2.4

57.9
-1.4

66.6
-.6

72.2
1.1

82.6
1.2

89.2
2.6

86.6
-.6

91.8
.2

98.9
2.4

122.4
4.3

55.9
54.4
1.5

47.1

37.5

27.1

34.4

40.0

45.8

51.5

45.3

49.0

56.0

72.5

47.3
-.2

38.6
-1.1

26.9
29.2
-2.4

28.5
-1.4

35.0
-.6

38.8
1.1

44.6
1.2

48.8
2.6

45.9
-.6

48.8
.2

53.6
2.4

68.2
4.3

92.9
1.9

17.5
16.1
1.4

11.4
12.4
-1.0

9.3
8.9
.3

12.2
11.2

-1.2

.9

13.9
13.1
.8

9.9
10.8
-.9

12.7
12.4
.3

16.6
15.4
1.2

27.0
23.9
3.1

37.0
36.0
1.0

38.4
38.3

29.8
29.7

30.7
29.9

33.6
33.4

37.6
35.7

35.4
35.1

36.4
36.4

39.4

45.5

38.2

44.2

.1

35.7
34.9
.8

.8

.2

1.9

.3

35.9

34.5

28.4

30.7

32.4

32.9

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories >
Nondurable goods
Final sales
Change in private inventories'
Services
Structures

11.9

9.7

7.7
9.0

3.6
5.7
-2.0
23.3
23.6
-.3

4.9
5.4
-.5

7.4
7.3
.1

22.2
23.1
-.9

27.0
27.7
-.7

32.0

27.9

26.0

27.2

7.1

4.0

3.4

4.4

1949

1950

1951

.1

7.2

5.0

8.0

219.7

199.2
-.7

220.6
-.9

224.5
-1.5

121.9

132.5

129.3

122.6
-.7

133.5
-.9

130.8
-1.5

56.2
56.2
0
65.7
66.4

58.7
59.3
-.6
73.9
74.2
-.3

49.6
50.8
-1.3
79.7
80.0
-.2

66.3

80.1

86.2

10.2

7.0

1946

223.0

159.9
1.9

7.5

1.2

1.3
40.7

50.4

9.7

13.5

9.1

7.8

1945

161.8

35.6

33.9

1944

198.4

57.8
56.9
.9

-.1

1943

16.5

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

Line

1947

1948

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

Gross domestic product

244.4

267.7

294.3

339.5

358.6

379.9

381.1

415.2

438.0

461.5

467.9

507.4

527.4

545.7

586.5

Final sales of domestic product

245.0
-.6

263.9
5.7

270.3
-2.7

288.5
5.8

329.6
9.9

355.1
3.5

378.0
1.9

383.0
-1.9

410.2
5.0

434.0
3.9

460.7
.8

468.3
-.4

503.5
3.9

524.1
3.2

542.7
3.0

580.4
6.1

Change in private inventories

140.0

154.3

147.3

161.7

188.6

194.3

205.4

197.6

216.6

224.3

234.1

229.7

251.7

258.0

260.7

281.5

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories'

140.6
-.6

148.7
5.7

150.0
-2.7

155.9
5.8

178.7
9.9

190.8
3.5

203.5
1.9

-1.9

211.6
5.0

220.3
3.9

233.3
.8

230.0
-.4

247.8
3.9

254.7
3.2

257.7
3.0

275.4
6.1

45.9
44.4

48.9

47.7
49.5
-1.8

59.3
55.6
3.6

71.5
65.4
6.1

72.7
71.6
1.2

80.5
79.0
1.5

71.3
73.9
-2.5

85.2
81.8
3.4

87.4
85.2
2.1

91.4
90.9
.5

81.2
83.9
-2.8

95.2
92.4
2.9

96.9
95.2
1.7

94.4
94.5
-.1

108.2

Nondurable goods
Final sales
Change in private inventories»

94.1
96.1
-2.0

126.3

131.3

161.1

166.2

173.4

155.5

159.5

163.2

1.6

1.8

142.4
.3

148.5
146.1

156.5

129.7

136.9
135.1

142.6

125.7
.6
136.8
46.7

2.4

1.1

1.6

3.0

170.7
2.7

146.9

159.0

171.9

182.3

193.2

207.5

221.4

237.2

51.7

54.7

55.5

56.0

62.5

61.9

63.6

67.8

Goods

1.4

Services

81.5

Structures

22.9

47.9
1.0
105.4

99.6
100.5

102.5
100.3

117.2

100.8
4.6

113.3

121.6
119.2

124.9
124.5

-.9

2.1

3.8

2.4

.4

85.8

90.5

95.4

111.3

122.8

130.2

29.5

29.9

37.1

39.6

41.6

44.2

104.7
3.4

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

Gross domestic product

664.4

720.1

789.3

834.1

911.5

985.3

1,039.7

1,128.6

1,240.4

1,385.5

1,501.0

1,635.2

1,823.9

2,031.4

2,295.9

2,566.4

Final sales of domestic product

659.6
4.8

710.9
9.2

775.7
13.6

824.2
9.9

902.4
9.1

976.2
9.2

1,037.7
2.0

1,120.3
8.3

1,231.3
9.1

1,369.7
15.9

1,487.0
14.0

1,641.4
-6.3

1,806.8
17.1

2,009.1
22.3

2,270.1
25.8

2,548.4
18.0

Change in private inventories

313.6

343.3

381.7

395.3

428.3

457.7

470.3

496.1

542.7

622.0

670.9

724.8

811.4

890.7

1,004.5

1,128.7

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories >

308.8
4.8

334.1
9.2

368.0
13.6

385.5
9.9

419.2
9.1

448.5
9.2

468.3
2.0

487.9
8.3

533.6
9.1

606.1
15.9

731.1
-6.3

794.3
17.1

868.4
22.3

978.7
25.8

1,110.7
18.0

125.0
121.2
3.8

140.4
134.2
6.2

160.3
150.2
10.0

160.1
155.3
4.8

174.0
169.5
4.5

186.9
180.9

193.1
190.2

219.4
213.0

258.8
245.8

384.1

2.9

6.4

13.0

287.2
294.7
-7.5

340.4
329.6

6.0

183.0
183.2
-.2

656.9
14.0
272.9

10.8

374.6
9.5

444.4
426.2
18.2

500.1
487.3
12.8

Nondurable goods
Final sales
Change in private inventories i

188.6
187.6

202.9
199.9

221.4
217.8

270.8
267.6

287.3
285.1

363.2
360.3

471.0
464.7

506.6
493.8

560.1
552.5

628.6
623.4

4.5

3.2

2.2

2.7

2.9

398.0
394.9
3.1

437.6
436.4

3.6

303.0
297.6
5.3

323.3
320.6

3.0

235.2
230.2
5.0

254.3
249.8

1.0

1.2

6.3

12.8

7.6

5.2

272.3

292.1

319.6

349.1

383.2

419.3

459.6

504.0

550.8

600.6

664.4

743.6

821.3

913.9

1,019.6

1,127.1

78.4

84.7

100.0

108.3

109.7

128.4

146.9

162.9

165.6

166.7

191.2

226.8

271.8

310.6

43.7
867.8

44.6
940.8

37.0
1,002.6

49.6
1,079.0

54.8
1,185.6

63.4
1,322.2

58.5
1,442.5

57.2
1,577.9

78.6
1,745.3

95.9
1,935.5

105.9
2,190.0

105.4
2,461.0

Goods

Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

34.6
799.5

262.1
10.9

1981

1982

1983

1984

1985

1986

1987

1988

1990

1991

1992

1993

1994

1995

1996

Gross domestic product

3,131.3

3,259.2

3,534.9

4,213.0

4,452.9

4,742.5

5,108.3

5,489.1

5,803.2

5,986.2

6,318.9

6,642.3

7,054.3

7,400.5

7,813.2

Final sales of domestic product

3,101.5
29.8

3,274.1
-14.9

3,540.7
-5.8

3,932.7
3,867.3
65.4

4,191.2
21.8

4,446.3
6.6

4,715.3
27.1

5,089.8
18.5

5,461.4
27.7

5,788.7
14.5

5,986.4
-.2

6,303.9
15.0

6,621.2
21.1

6,991.8
62.6

7,367.5
33.0

7,783.2
30.0

1,362.8

1,354.6

1,452.1

1,637.0

1,702.7

1,758.2

1,853.5

2,000.0

2,175.3

2,266.4

2,296.1

2,391.4

2,503.2

2,680.2

2,798.1

2,951.3

1,333.0
29.8

1,369.6
-14.9

1,457.8
-6.8

1,571.6
65.4

1,680.9
21.8

1,751.7
6.6

1,826.4
27.1

1,981.5
18.5

2,147.6
27.7

2,251.9
14.5

2,296.3
-.2

2,376.4
15.0

2,482.1
21.1

2,617.6
62.6

2,765.1
33.0

2,921.3
30.0

571.8
564.5
7.3

550.1
566.1
-16.0

614.2
611.8
2.5

728.0
686.6
41.4

754.4
750.0
4.4

779.6
781.5
-1.9

832.8
809.9
22.9

909.1
886.4
22.7

983.8
963.8
20.0

1,002.0
994.3
7.7

974.7
988.3
-13.6

1,026.5

1,029.4
-3.0

1,107.8
1,090.7
17.1

1,197.3
1,161.6
35.7

1,273.3
1,239.8
33.6

1,351.0
1,331.9
19.1

791.0
768.5
22.5

804.5
803.4
1.1

837.9
846.1
-8.2

909.0
885.0
24.0

948.4

978.6

1,090.8
1,095.1

1,191.4
1,183.8

1,264.4
1,257.6

1,321.3
1,308.0

1,364.9
1,346.9

1,395.4
1,391.4

1,482.9
1,456.0

1,600.3
1,589.4

17.4

970.2
8.4

1,020.7
1,016.5

1,524.8

930.9

4.2

-4.3

7.7

6.8

13.4

18.0

4.0

26.8

-.5

10.9

1,418.6

1,562.6

1,716.1

1,872.2

2,054.0

2,217.2

2,399.6

2,599.5

2,792.8

3,010.8

3,203.9

3,416.0

3,593.5

3,782.6

3,985.1

4,191.0

350.0

342.0

366.8

423.6

456.3

477.4

489.3

508.8

521.0

526.0

486.2

511.5

545.6

591.6

617.3

670.9

95.2
99.3
3,032.0 3,164.0

127.3
3,407.6

158.9
3,773.8

179.9
4,033.1

184.4
4,268.4

185.6
4,556.9

197.0
4,911.3

203.6
5,285.5

190.1
5,613.2

174.7
5,811.6

200.9
6,118.0

226.9
6,415.4

262.4
6,791.9

270.3
7,130.3

275.6
7,537.6

Line

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories l
Nondurable goods
Final sales
Change in private inventories'

Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
See footnote and note at the end of the table.




1,525.3

1963

39

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.3.—Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1947

1949

1948

1950

1951

Line

IV
Gross domestic product

237.5

240.7

244.9

254.7

260.8

267.7

274.3

275.6

270.4

266.6

268.0

265.6

275.7

285.1

302.5

313.9

329.3

336.9

Final sales of domestic product

237.0
.5

241.9
-1.2

247.8
-2.9

253.2
1.5

257.1
3.6

261.9
5.9

267.1
7.2

269.6
6.0

270.0
.4

271.7
-5.1

269.3
-1.3

270.3
-4.7

273.7
2.0

282.3
2.8

298.3
4.2

299.8
14.0

318.9
10.4

322.1
14.8

135.8

138.3

139.7

146.2

150.1

153.4

156.9

157.0

151.6

146.3

147.7

143.5

150.1

155.2

167.0

174.6

183.5

188.0

135.3
.5

139.5
-1.2

142.6
-2.9

144.8
1.5

146.5
3.6

147.5
5.9

149.7
7.2

151.0
6.0

151.2
.4

151.5
-5.1

149.0
-1.3

148.2
-4.7

148.1
2.0

152.3
2.8

162.8
4.2

160.5
14.0

173.1
10.4

173.2
14.8

45.1
42.7
2.4

45.4
44.1
1.3

47.3
44.8
2.5

45.6
46.1
-.5

48.7
47.5
1.1

47.3
46.5
.7

49.3
48.3

48.9
48.6
.3

46.2
50.1
-3.9

50.3
49.9
.5

45.4
49.4
-4.0

49.0
49.7
-.8

55.4
52.1
3.4

64.2
62.1
2.1

68.5
58.7

.9

50.5
49.2
1.3

67.5
62.8
4.6

72.1
62.3
9.7

90.7
92.6
-1.9

92.8
95.4
-2.6

92.3
97.8
-5.4

100.6
98.7
2.0

101.4
98.9
2.5

106.1
101.0

107.6

106.5
101.8

97.4
99.2
-1.8

98.1
98.8
-.7

101.2
98.4
2.8

102.8
100.7

106.1
101.9

116.0
110.2

115.9
110.9

4.7

100.2
101.4
-1.3

100.3

6.2

102.8
102.6
.1

99.7

101.4

5.1

-.5

2.1

4.2

5.8

5.1

Services

81.3

81.6

81.7

81.6

83.0

84.6

86.7

88.7

91.3

90.4

90.4

92.1

96.2

99.8

20.4

20.8

23.5

26.9

27.6

29.8

30.6

29.9

29.0

29.0

29.9

31.7

33.4

39.3

39.4

105.6
40.2

109.4

Structures

93.6
36.3

III

IV

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories1
Nondurable goods
Final sales
Change in private inventories1

39.5

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

1952

1951

1954

1953

1955

Line

II

III
Gross domestic product

343.7

348.1

351.5

352.4

358.8

371.8

378.9

382.5

381.7

376.6

376.0

376.7

381.5

390.1

403.1

411.4

419.9

426.4

Final sales of domestic product

334.0
9.7

343.4
4.7

346.7
4.7

353.9
-1.5

353.3
5.6

366.5
5.3

375.0
3.9

378.9
3.6

379.4
2.3

378.6
-2.0

377.9
-2.0

380.1

383.6
-2.1

390.4
-.3

399.3
3.8

406.8
4.6

415.6
4.3

419.2
7.2

Change in private inventories

190.3

192.8

192.9

189.1

193.0

202.3

207.6

209.3

206.2

198.7

196.3

195.3

195.7

203.2

207.6

216.2

219.8

222.6

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories1

180.5
9.7

188.1
4.7

188.2
4.7

190.6
-1.5

187.5
5.6

197.0
5.3

203.7
3.9

205.7
3.6

203.8
2.3

200.7
-2.0

198.2
-2.0

198.7
-3.4

197.7
-2.1

203.5
-.3

203.8
3.8

211.6
4.6

215.5
4.3

215.4
7.2

73.6
65.7
7.9

72.8
70.8
2.1

74.0
71.7
2.4

70.1
72.2
-2.1

68.2

67.6
.6

78.6
74.9
3.7

82.8
79.0
3.8

83.7
80.7
3.0

82.7
79.8
2.9

72.9
76.5
-3.6

70.1
73.7
-3.7

70.9
74.7
-3.8

69.9
72.4
-2.6

74.5
74.7
-.2

79.4
77.1
2.4

87.4
84.6
2.7

87.9
83.5
4.4

Nondurable goods
Final sales
Change in private inventories'

116.7
114.9

120.0
117.4

118.9
116.5

119.0
118.4

124.8
119.9

123.6
122.1

124.8
124.7

125.6
125.0

123.5
124.1

125.8
124.2

126.2
124.5

124.4
124.0

125.8
125.3

128.7
128.9

128.2
126.8

86.2
82.0
4.1
130.0

132.4
130.8

134.7

129.6

1.8

2.6

2.4

.5

5.0

1.5

.1

.6

-.6

1.6

1.7

.4

.5

-.2

1.4

.5

1.6

2.9

114.3

115.9

118.1

122.2

124.2

126.5

127.1

128.8

131.5

134.9

135.5

138.5

138.3

144.7

151.9

39.4

40.4

41.2

41.6

43.0

44.2

44.4

44.1

44.8

45.9

47.4

48.6

50.8

143.2
52.0

147.9

39.1

133.5
44.3

52.2

51.9

Goods

Services
Structures

131.8

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

1957

1956

1958

1960

1959

Line

Gross domestic product

428.8

434.7

439.7

448.6

457.6

459.6

466.8

462.0

454.6

458.9

472.4

485.8

496.1

509.2

510.2

514.2

527.9

527.1

Final sales of domestic product

422.4
6.4

431.1
3.6

436.2
3.6

446.4
2.2

455.4
2.2

456.9
2.7

464.0
2.8

466.5
-4.5

458.6
-4.0

463.1
-4.2

470.9
1.5

480.6
5.2

492.3
3.9

502.0
7.3

509.8
.4

510.1
4.1

516.7
11.2

523.8
3.2

221.4

222.4

224.9

228.4

234.7

233.7

238.1

229.8

222.8

223.6

232.4

239.9

245.9

254.3

252.5

254.3

262.4

259.6

215.0
6.4

218.8
3.6

221.3
3.6

232.5
2.2

231.0
2.7

235.3
2.8

234.4
-4.5

226.8
-4.0

227.9
-4.2

230.8
1.5

234.6
5.2

242.0
3.9

247.0
7.3

252.1
.4

250.2
4.1

251.2
11.2

256.3
3.2

82.2
4.3

86.2
84.2
2.0

86.5
86.2
.3

226.1
2.2
90.3
88.3
1.9

92.4
91.7
.7

92.8
90.7
2.1

93.9
91.7
2.2

86.7
89.6
-3.0

77.8
84.0
-S.2

76.8
82.2
-5.5

82.4
83.4
-1.0

87.7
86.1
1.6

93.8
90.5
3.3

98.4
92.2
6.3

94.3
94.9
-.6

94.3
91.8
2.5

103.4
94.3
9.1

97.0
96.5
.5

134.8

136.2

134.6

138.4
135.2

138.1
137.8

142.3
140.8

140.9
140.4

144.2
143.6

143.2
144.7

146.9
145.6

155.8
154.8

158.2
157.2

162.5
159.8

3.2

.3

1.4

.6

.6

-1.5

1.0

1.0

154.1

157.6

159.4

165.0

167.3

170.4

173.1

176.7

53.3

54.7

55.4

55.3

55.6

55.5

55.6

55.5

160.0
158.4
1.6
198.9
61.0

159.1
157.0

1.6

149.9
147.4
2.5
184.0
56.0

152.1
151.5

2.1

145.0
142.8
2.2
177.4
54.5

152.2

132.8

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories'
Nondurable goods
Final sales
Change in private inventories1
Services
Structures

1.2
181.2
54.1

148.5
3.7
186.5

187.9

191.3

194.6

59.4

62.4

63.7

63.1

2.1

2.7

202.6
62.9

206.1
61.4

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

1961

1960

1962

1964

1963

Line

IV
Gross domestic product

529.9

524.6

528.9

539.9

550.3

563.4

576.8

583.9

591.0

594.4

603.4

612.1

624.9

634.3

650.4

671.2

676.3

Final sales of domestic product

525.6
4.3

530.4
-5.8

531.5
-2.5

538.1
1.8

543.7
6.7

557.5
6.0

567.4
9.4

578.4
5.4

584.8
6.2

591.0
3.4

596.6
6.9

607.3
4.8

619.1
5.7

629.3

645.3
5.1

655.2
4.5

666.5
4.7

671.3
5.0

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories»
Nondurable goods
Final sales
Change in private inventories1
Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
See footnote and note at the end of the table.




260.1

249.8

249.9

257.7

264.6

270.5

278.2

279.9

284.3

283.7

288.4

289.7

296.3

255.8
4.3

255.6
-5.8

252.4
-2.5

255.9
1.8

257.9
6.7

264.5
6.0

268.8
9.4

274.5
5.4

278.1
6.2

280.4
3.4

281.5
6.9

284.9
4.8

290.6
5.7

97.8
96.2
1.6

89.4
94.0
^.6

85.5
91.1
-5.5

91.6
93.0
-1.4

98.6
94.8
3.8

102.0
99.0
3.0

107.5
102.1
5.4

106.7
104.2
2.4

110.4
105.7
4.7

108.1
107.0
1.1

110.5
107.8
2.7

113.3
110.2
3.1

162.3

160.4
161.6
-1.3

164.3
161.4

166.1
162.9

166.0
163.1

168.5
165.5

170.7
166.7

173.2
170.2

173.9
172.4

175.6
173.3

177.9
173.8

3.0

3.2

2.9

3.0

4.0

3.0

1.5

2.3

4.1

212.7

215.9

220.4

222.2

227.2

232.4

235.9

238.2

242.2

62.1

63.2

61.9

63.6

65.8

66.2

68.1

68.6

68.5

159.6
2.7
208.5
61.3

5.1

306.9

311.4

317.9

318.2

293.4
5.1

301.8
5.1

306.9
4.5

313.2
4.7

313.2
5.0

115.8
112.5
3.3

117.0
115.7
1.4

122.2
118.5
3.7

123.9
120.4
3.5

127.9
123.1
4.7

126.2
122.9
3.3

176.4
174.7

180.5
178.1

181.4
177.7

184.7
183.4

187.5

190.0
190.1

192.0

1.7

2.4

3.7

1.4

1.0

245.8

250.0

254.5

260.9

265.8

270.1

274.7

278.8

69.2

72.4

74.1

74.9

77.7

78.2

78.6

79.3

298.5

186.6

0

190.3
1.7

40

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^97
Table 1.3.—-Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1966

1965

1968

1967

1969

Line

IV
Gross domestic product

696.5

709.0

726.2

748.7

772.3

781.5

794.8

808.6

819.3

823.9

838.7

854.4

905.7

920.9

937.8

961.9

977.0

Final sales of domestic product

684.9
11.5

700.5
8.6

716.9
9.3

741.2
7.6

758.4
13.9

769.2
12.3

782.9

803.9
15.4

817.6
6.3

829.4
9.3

846.0
8.4

873.0
8.4

891.7

11.9

792.1
16.5

913.2
7.7

931.8
6.0

950.4
11.5

967.8
9.2

333.3

337.2

345.9

357.0

374.2

378.8

381.9

391.8

394.5

391.5

396.2

399.0

415.4

427.7

433.0

437.1

451.5

454.2

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories1

321.8
11.5

328.6

336.6
9.3

349.4
7.6

366.5
12.3

370.1
11.9

375.3
16.5

379.1
15.4

385.2
6.3

387.0
9.3

390.6
8.4

406.9
8.4

413.6
14.1

425.4
7.7

431.1
6.0

440.0
11.5

445.0
9.2

139.1
130.1

142.2
135.0
7.2

142.5
139.5
3.0

157.5
148.2
9.3

160.8
150.5
10.2

166.2
155.1
11.1

158.8
152.0
6.7

158.3
156.0
2.3

160.0
155.7
4.3

163.5
157.4

6.1

167.3
164.2
3.0

172.4
166.4
6.0

175.3
172.4

9.0

138.0
132.2
5.8

360.3
13.9
156.7

181.1
174.8
6.3

186.5
180.5
6.0

182.8
178.8
4.0

Nondurable goods
Final sales
Change in private inventories»

194.2
191.7

199.2
196.4

203.7
201.6

214.5

217.5

235.6
233.2

248.1
242.7

255.4
247.3

257.7
253.0

5.4

8.7

233.2
229.2
4.0

236.2
231.2

3.0

221.2
219.5
1.6

235.7
227.1

2.1

213.1
4.4

225.6
220.2

2.7

209.9
4.6

221.4
218.3

2.6

5.0

2.3

5.4

8.1

4.8

256.0
256.2
-.3

265.0
259.5
5.4

271.4
266.2
5.2

282.5

287.8

294.6

303.4

314.2

324.8

331.0

338.6

344.3

352.2

361.4

369.4

378.9

387.9

396.7

403.0

414.0

80.6

84.0

85.8

88.3

85.8

86.1

88.1

90.2

94.0

96.7

99.2

100.0

104.0

107.3

108.8

32.6
786.7

34.9
789.0

34.9
803.7

35.8
818.6

41.7
839.7

44.2
861.5

43.3
877.6

45.4
892.4

45.5
916.3

42.7
934.3

Change in private inventories
Goods

Services
Structures

147.2

9.5

308.3

88.5

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

1969

1971

1970

2.9

1973

1972

Line

III
Gross domestic product

997.2

1,005.3

1,018.2

1,034.4

1,051.9

Final sales of domestic product

987.0
10.2

999.5
5.8

1,016.3
1.8

1,029.3
5.1

1,046.9
5.1

Change in private inventories

1,099.9 1,120.6 1,140.8 1,153.1 1,192.5 1,227.5 1,252.0 1,289.7 1,338.4 1,374.4 1,394.1 1,435.3
1,058.2 1,087.6 1,109.7 1,130.6 1,153.4 1,189.2 1,215.5 1,238.3 1,282.2 1,327.8 1,356.2 1,384.3 1,410.3
10.2
13.7
-4.0
12.3
10.9
-.3
3.2
12.0
7.5
10.6
18.2
9.8
25.0

1,054.2

462.4

462.8

464.6

473.6

477.6

465.6

494.8

500.8

497.1

515.0

538.9

551.0

566.0

596.1

617.4

622.1

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories1

452.2
10.2

457.0
5.8

462.7
1.8

468.6
5.1

472.5
5.1

469.6
-4.0

479.6
12.3

483.9
10.9

490.6
10.2

497.4
-.3

511.8
3.2

526.9
12.0

537.3
13.7

558.5
7.5

585.5
10.6

599.1
18.2

612.4
9.8

627.5
25.0

188.9

189.3
182.6
6.7

182.0
183.2
-1.2

186.0
185.9
.1

191.5
186.0

172.4
177.8
-5.4

193.1
186.4
6.7

190.9
188.2
2.7

196.7
191.1
5.5

192.0
195.2
-3.2

206.2
203.6
2.6

214.8
209.6
5.2

221.9

234.6
224.6
10.0

251.7
240.3
11.4

259.6
246.0

260.6
246.8
13.8

263.4
250.2
13.2

Nondurable goods
Final sales
Change in private inventories1

273.5
270.3

282.5
279.5
3.0

287.6
282.6
5.0

286.0
286.5

293.3

304.1
299.5

305.1
302.1

308.8
308.2

329.1

322.9

4.7

2.9

.6

-.9

4.6

361.5
365.5
-4.0

389.2
377.4

5.6

317.3
6.8

357.7
353.1

1.4

331.4
333.9
-2.5

344.4
345.3

-.5

304.0
295.8
8.2

324.1

291.9

298.8
293.2

3.1

273.5
274.4
-.9

424.6

435.7

446.7

453.8

464.4

473.7

488.5

498.8

508.7

520.1

534.7

544.6

569.3

580.9

595.4

607.5

161.7

164.4

59.7
1,230.0

Goods

181.9
7.1

Services

5.6

214.3
7.6

6.1

Structures

110.2

106.8

106.9

106.9

110.0

114.9

119.5

126.9

131.3

135.9

142.8

144.0

554.6
146.4

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

46.9
950.2

43.1
962.2

38.1
980.0

41.8
992.5

40.9
1,011.0

27.3
1,027.0

51.5
1,048.4

48.8
1,071.8

47.5
1,093.3

50.6
1,102.5

54.4
1,138.1

54.7
1,172.8

50.4
1,201.6

1974

1975

154.4

161.4

13.6

652.5

11.8
618.4
164.3

67.8
63.7
62.1
1,270.6 1,310.7 1,332.0 1,375.3

1976

1977

Line

IV

IV

Gross domestic product

1,450.0

1,487.6

1,514.8

1,551.6

1,567.2

1,603.1

1,659.9

1,7105

1,770.3

1,803.1

1,837.0

1,885.3

1,939.1

2,006.6

2,067.5

2,112.4

Final sales of domestic product

1,437.4
12.5

1,470.2
17.4

1,509.3
5.6

1,531.2
20.4

1,577.2
-10.0

1,617.1
-14.0

1,661.3
-1.4

1,710.2
.3

1,755.6
14.7

1,780.7
22.5

1,816.2
20.8

1,874.8
10.5

1,924.3
14.8

1,987.2
19.5

2,036.6
30.9

2,088.2
24.1

649.8

665.1

674.2

707.9

739.0

761.5

789.8

805.9

819.7

830.3

852.8

879.3

906.6

924.1

637.2
12.5

647.7
17.4

668.6
5.6

694.6
674.2
20.4

700.9
-10.0

721.9
-14.0

761.1
.3

775.1
14.7

783.5
22.5

798.8
20.8

819.8
10.5

837.9
14.8

859.8
19.5

875.8
30.9

900.0
24.1

259.5

266.0
260.9

278.1
268.7

288.2
267.0
21.2

269.1
277.0
-7.8

282.8
289.7
-6.8

740.4
-1.4
294.1
300.5
-6.4

302.9
311.7
-8.9

323.7
319.1
4.6

336.0
323.4
12.7

344.7
331.4
13.3

357.4
344.7
12.7

368.8
361.1
7.7

378.8
371.7
7.1

389.8
377.2
12.6

388.4
10.5

425.1
432.2
-7.1

444.9
439.9
5.0

458.6
449.4
9.2

466.1
456.0

469.9
460.1

475.0
467.5

484.0
476.9

9.8

7.5

500.5
488.1
12.4

516.8
498.6

10.1

472.9
475.1
-2.1

753.1

773.9

792.9

808.0

829.3

855.2

167.7

175.1

187.6

189.2

188.1

199.8

63.0
1,596.9

64.1
1,646.4

74.3
1,696.0

78.6
1,724.5

78.4
1,758.6

83.0
1,802.3

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories»

251.7
7.8
390.3

654.6
167.9

672.6

694.0

713.2

734.4

168.0

163.0

163.1

160.8

55.5
1,394.5

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

-.7

421.8
424.0
-2.2

636.6
163.6

Services

12.3

396.1
399.9
-3.8

406.4
407.2

4.7

Structures

9.4

385.5

Nondurable goods
Final sales
Change in private inventories •

5.1
399.1
386.8

54.9
1,432.7

63.6
1,451.2

60.1
1,491.5

48.1
1,519.1

53.7
1,549.5

1979

1978

7.1

93.5
1,845.5

1980

525.3
511.6
13.7

927.6
233.2

951.7

228.4
93.9
1,912.7

97.0
1,970.5

99.0
2,013.4

877.3
209.0

18.3

236.5

1981

Line

I

I

IV

Gross domestic product

2,150.4

2,276.6

2,338.5

2,418.0

2,470.9

2,529.3

2,601.5

2,663.8

2,732.9

2,736.9

2,793.6

2,918.8

3,052.6

3,086.2

3,183.5

3,203.1

Final sales of domestic product

2,125.0
25.5

2,252.4
24.3

2,313.5
25.0

2,389.5
28.5

2,447.1
23.9

2,501.9
27.4

2,589.4
12.1

2,655.3
8.6

2,723.0
9.9

2,729.2
7.8

2,827.5
-33.9

2,927.9
-9.1

3,013.8
38.8

3,074.5
11.7

3,139.5
44.0

3,178.3
24.8

929.3

999.3

1,022.9

1,066.7

1,093.0

1,113.6

1,146.5

1,161.6

1,193.0

1,190.0

1,196.2

1,251.2

1,343.5

1,336.8

1,399.3

1,371.8

903.9
25.5

975.0
24.3
444.1
426.9

997.9
25.0

1,038.2
28.5

1,069.1
23.9

1,086.2
27.4

1,134.4
12.1

1,153.0
8.6

1,183.1
9.9

1,182.3
7.8

1,230.0
-33.9

1,260.3
-9.1

1,304.8
38.8

1,325.1
11.7

1,355.3
44.0

1,346.9
24.8

444.7
433.5
11.3

480.7
456.9
23.8

495.2
473.3
22.0

495.5
474.8
20.7

502.8
499.1
3.7

506.8
501.9
4.9

523.2
520.9
2.2

496.4
498.4
-2.1

500.7
517.4
-16.7

542.5
535.4
7.1

567.9
557.0
10.9

573.5
563.4
10.1

587.9
577.9

17.2

10.1

557.9
559.6
-1.7

521.2
516.3

555.2
548.1

578.1
564.5

585.9
581.3

597.7
595.8

618.1
611.4

643.7
635.3

654.8
651.2

693.7
683.9

7.0

13.7

4.7

1.9

6.7

8.4

3.6

9.8

695.4
712.6
-17.1

708.7
724.9
-16.3

775.6
747.7
27.9

763.3
761.7

4.9

669.8
662.2
7.7

1.6

811.3
777.4
33.9

813.9
787.3
26.5

Services

980.4

1,008.8

1,032.0

1,057.3

1,086.6

1,111.7

1,135.1

1,175.2

1,211.3

1,243.9

1,287.3

1,473.5

268.6

283.7

294.1

291.4

304.0

319.9

327.1

328.6

303.0

310.2

1,362.5
346.6

1,437.9

240.8

1,333.1
334.5

1,400.3

Structures

349.1

346.3

357.8

96.3
2,054.1

107.7
2,168.9

105.5
2,233.0

114.1
2,303.9

119.3
2,351.6

107.4
2,421.9

100.6
2,500.9

94.2
2,569.7

90.7
2,642.2

75.0
2,661.9

81.9
2,711.7

96.8
2,822.0

97.8
2,954.8

105.1
2,981.1

101.5
3,082.0

92.9
3,110.2

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories >
Nondurable goods
Final sales
Change in private inventories1

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
See footnote and note at the end of the table.




408.1
387.6
20.6

41

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.3.—Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-57—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1984

1983

1982

1985

Line

IV
Gross domestic product

3,193.8

3,248.9

3,278.6

4,170.1

4,252.9

4,319.3

Final sales of domestic product

3,215.2
-21.5

3,272.8
5.8

3,355.4
-39.8

3,413.6
-35.1

3,497.2
-7.7

3,587.1
-4.2

3,664.8
23.9

3,740.4
73.0

3,840.0
69.3

3,903.4
71.3

3,985.5
48.0

4,093.5
16.2

4,148.5
21.7

4,236.6
16.3

4,286.2
33.1

1,334.6

3,253.0
-42
1,369.4

1,367.3

1,347.3

1,365.8

1,434.1

1,474.8

1,533.7

1,594.5

1,635.2

1,651.1

1,667.0

1,673.1

1,690.9

1,719.2

1,727.8

1,356.1
-21.5

1,373.5
-4.2

1,361.5
5.8

1,387.1
-39.8

1,441.8
-7.7

1,479.0
-4.2

1,509.7
23.9

1,521.5
73.0

1,565.9
69.3

1,579.8
71.3

1,619.0
48.0

1,656.9
16.2

1,669.2
21.7

1,702.9
16.3

1,694.6
33.1

539.4
561.0
-21.6

565.9
565.5
.4

561.1
563.1
-2.0

534.1
575.0
-40.9

1,400.9
-35.1
537.1
569.0
-31.9

604.9
602.3
2.6

633.2
620.3
12.9

681.7
655.5
26.3

706.1
662.2
43.9

722.3
681.1
41.2

726.2
684.6
41.6

757.4
718.4
39.1

734.4
732.2
2.2

755.1
747.1
8.0

764.4
767.8

763.7
752.8
10.9

795.3
795.1
.2

803.5
808.0
-4.6

806.2
798.4

813.2
812.1

829.2
839.5
-10.2

841.6
858.6

851.9
854.3
-2.3

888.4
859.3
29.1

912.9
884.8
28.2

924.9
895.2
29.8

909.6
900.7
8.9

938.7
924.7
14.0

935.7
922.1
13.7

954.9
935.1
19.8

964.1
941.8
22.3

1,769.6

1,814.6

1,851.6

1,892.3

1,987.9

2,025.7

2,076.4

385.5

404.3

422.6

431.3

448.7

453.5

457.3

2,125.9
465.7

134.5
3,448.4

152.8
3,535.9

157.5
3,655.9

150.7
3,758.6

154.5
3,820.2

172.9
3,860.5

168.8
3,941.0

177.1
3,993.0

189.0
4,063.9

184.6
4,134.8

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories1
Nondurable goods
Final sales
Change in private inventories»
Services

1,510.2

Structures

348.9

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ...

85.7
3,108.0

3,315.6

3,378.5

3,489.6

3,582.9

3,688.8

3,813.4

3,909.4

3,974.7

4,033.5

4,109.7

7.8

1,663.8

1,699.3

342.1

348.9

356.1

102.8
3,175.8

100.8
3,148.1

1,626.2

333.9

342.9

1.1

1,577.4

1,536.6

828.7
831.9
-3.2

91.5
3,224.1

107.3
3,271.3

114.8
3,374.7

-17.1
1,731.5
376.6

1,930.2
436.2

1987

1986
Line

IV
4,375.3

4,415.2

4,483.4

4,537.5

4,612.3

4,695.8

4,770.2

4,891.6

4,957.0

5,066.5

5,151.5

5,258.3

5,379.0

5,461.7

5,527.5

5,588.0

4,344.9
30.3

4,399.6
15.7

4,490.4
-7.0

4,550.3
-12.7

4,584.3
28.0

4,679.3
16.5

4,769.2
1.0

4,828.5
63.1

4,940.0
17.0

5,046.9
19.7

5,133.3
18.2

5,239.2
19.1

5,330.8
48.2

5,425.6
36.0

5,517.5
10.0

5,571.4
16.6

1,738.6

1,744.1

1,770.1

1,780.2

1,797.4

1,832.3

1,858.2

1,926.2

1,936.2

1,983.7

2,013.8

2,066.1

2,136.7

2,178.8

2,193.2

2,192.3

1,708.2
30.3

1,728.5
15.7

1,777.1
-7.0

1,792.9
-12.7

1,769.4
28.0

1,815.8
16.5

1,857.2
1.0

1,863.1
63.1

1,919.2
17.0

1,964.1
19.7

1,995.6
18.2

2,047.0
19.1

2,088.5
48.2

2,183.2
10.0

2,175.7
16.6

Durable goods
Final sales
Change in private inventories»

762.2
745.9
16.3

771.5
765.3

791.9
806.8
-14.8

792.8
807.9

824.5
802.2
22.3

836.8
841.3
-4.5

870.8
825.2
45.6

873.4
864.8
8.5

897.7
882.8

948.4
912.4
35.9

969.6
930.6
39.0

990.6
969.5

14.9

917.1
885.6
31.5

995.5
993.7

-15.1

799.1
770.7
28.4

2,142.8
36.0
979.7

Nondurable goods
Final sales
Change in private inventories'

976.4
962.4
14.0

978.2
970.3

987.3
985.0

1,007.8
1,013.6

1,021.4
1,015.8

1,055.4
1,037.9

1,062.8
1,054.4

1,086.0
1,081.3

1,096.7
1,110.0

1,117.7
1,134.6

1,167.1
1,157.9

7.8

2.4

998.3
998.7
-.4

-5.8

5.5

17.5

8.5

4.7

-13.4

-16.9

2,195.5

2,235.4

2,278.8

2,336.6

2,378.4

2,418.9

2,572.5

2,626.9

477.8

478.6

478.3

485.1

493.2

2,464.6
500.8

2,523.6

475.7

497.1

510.3

510.7

183.5
4,231.8

189.7
4,293.7

187.1
4,350.4

184.0
4,428.3

182.7
4,513.1

184.1
4,586.1

191.5
4,700.1

186.4
4,770.6

200.0
4,866.5

194.4
4,957.1

IV

I

Gross domestic product
Final sales of domestic product..,
Change in private inventories
Goods
Final sales
Change in private inventories

2,159.2

Services

477.5

Structures
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output .

177.4
4,197.9

6.2
972.7
963.2
9.5

1990

1.8

21.1

1,199.2
1,181.4

1,197.7
1,189.6

1,201.7

9.2

17.8

8.1

1,206.3
-4.5

2,675.1

2,723.7

2,767.0

2,810.3

2,870.2

517.1

518.7

515.9

524.0

525.5

207.2
5,051.1

212.6
5,166.4

207.1
5,254.6

199.1
5,328.4

195.5
5,392.5

1992

1991

961.4
18.2

1993

Line

III

I

Gross domestic product

5,720.8

5,800.0

5,844.9

5,847.3

5,886.3

5,962.0

6,015.9

6,080.7

6,183.6

6,276.6

6,345.8

Final sales of domestic product

5,706.8
13.9

5,766.3
33.7

5,858.6
-11.3

5,901.6
-15.3

5,979.7
-17.7

6,014.8
1.0

6,049.6
31.1

6,184.5
-1.0

6,254.8
21.8

6,326.7
19.1

6,469.8
6,449.6
20.2

IV

6,521.6

6,596.7

6,655.5

6,7955

6,485.5
36.1

6,572.4
24.3

6,648.5
7.0

6,778.5
17.0

2,2575

2,275.2

5,823.1
21.9
2,276.3

2,256.8

2,268.6

2,287.7

2,304.7

2,323.4

2,337.1

2,374.2

2,399.4

2,455.0

2,465.1

2,498.0

2,487.3

2,562.6

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories'

2,243.6
13.9

2,241.5
33.7

2,254.4
21.9

2,268.1
-11.3

2,283.8
-15.3

2,305.4
-17.7

2,303.7
1.0

2,292.3
31.1

2,338.0
-1.0

2,352.4
21.8

2,380.3
19.1

2,434.8
20.2

2,429.0
36.1

2,473.6
24.3

2,480.3
7.0

2,545.6
17.0

1,018.8
1,017.4
1.4

1,014.4
991.9
22.5

1,004.9
987.7
17.1

970.0
980.2
-10.2

944.1
975.6
-31.5

972.1
998.1
-26.0

984.3
984.9

984.8
1,001.8
-17.0

1,027.8
1,018.8

1,033.1
1,034.0

1,060.3
1,063.2

9.0

-2.9

1,105.8
1,092.4
13.5

1,148.1
1,129.3
18.8

Nondurable goods
Final sales
Change in private inventories'

1,238.7
1,226.2

1,260.8
1,249.5

1,271.4

1,324.4
1,308.2

1,352.2

1,346.3

1,371.6

1,387.4
1,375.7

1,387.6
1,392.4

16.2

1,307.3
8.3

1,346.4
1,333.6

1,394.6

1,266.7

1,286.8
1,287.9

-.9
1,366.4

1,077.7
1,053.2
24.4

1,099.7

994.7
3.7

1,414.5
1,416.3
-1.8

Change in private inventories
Goods

1,315.6

1,306.3
1,309.0

1,339.1
1,307.4

1,087.9
11.8

12.5

4.8

-2.6

31.7

16.1

12.8

20.1

23.1

11.7

2,991.6

3,045.2

3,087.1

3,130.6

3,188.2

3,227.1

3,392.3

3,437.1

3,562.1

3,620.2

3,664.5

523.4

503.4

487.2

486.2

484.0

501.6

510.1

509.2

3,489.6
525.3

3,527.1

533.2

3,269.9
487.5

3,344.9

543.8

529.4

536.7

548.0

568.4

192.8
5,528.0

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

11.3

1,392.1
1,381.2
10.9

2,919.4

Services
Structures

-1.2

197.5
5,602.5

197.3
5,647.6

172.7
5,674.5

158.4
5,727.9

172.6
5,789.4

186.8
5,829.0

180.7
5,900.0

183.0
6,000.6

198.5
6,078.1

202.6
6,143.1

219.6
6,250.2

218.3
6,303.4

222.1
6,374.7

219.8
6,435.7

247.4
6,548.1

1994

1,336.2

1995

1996

1997

Line

I
Gross domestic product

6,887.8

7,015.7

7,096.0

7,217.7

7,297.5

7,342.6

7,432.8

7,529.3

7,629.6

7,782.7

7,859.0

7,981.4

6,124.2

8,279.8

8,390.9

8,478.6

Final sales of domestic product

6,844.0
43.8

6,936.0
79.8

7,044.0
52.0

7,143.1
74.6

7,234.8
62.7

7,306.8
35.8

7,419.4
13.4

7,509.1
20.2

7,622.8
6.8

7,752.9
29.8

7,809.0
50.0

7,947.9
33.5

8,075.4
48.8

8,192.1
87.7

8,341.1
49.9

8,413.5
65.1

Change in private inventories
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories >
Nondurable goods
Final sales
Change in private inventories'
Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

2,615.2

2,666.0

2,680.7

2,758.7

2,781.5

2,767.6

2,796.4

2,847.1

2,876.6

2,945.2

2,977.5

3,005.9

3,070.3

3,140.6

3,176.8

3,194.0

2,571.4
43.8

2,586.2
79.8

2,628.7
52.0

2,684.1
74.6

2,718.8
62.7

2,731.7
35.8

2,782.9
13.4

2,826.9
20.2

6.8

2,915.4
29.8

2,927.5
50.0

2,972.4
33.5

3,021.5
48.8

3,052.9
87.7

3,126.9
49.9

3,128.8
65.1

1,166.3
1,141.1
25.1

1,190.3
1,148.5
41.8

1,199.8
1,168.7
31.1

1,232.7
1,187.9
44.8

1,264.0
1,215.9
48.0

1,251.3
1,218.7
32.5

1,274.7
1,251.4
23.3

1,303.4
1,273.0
30.4

1,309.0
1,298.8
10.2

1,348.7
1,329.8
18.8

1,377.9
1,339.2
38.7

1,368.4
1,359.8
8.6

1,414.4
1,388.4
26.0

1,476.6
1,418.3
58.3

1,492.0
1,472.3

1,494.1
1,465.8
28.2

1,448.9
1,430.2

1,475.7
1,437.7

1,480.9

1,526.0
1,496.2

1,517.5
1,502.8

1,516.3
1,513.0

1,521.7
1,531.5

1,543.7
1,553.9

1,567.6
1,571.0

1,596.5
1,585.6

1,599.6

1,459.9

1,637.5
1,612.7

1,655.9
1,633.1

1,664.0
1,634.6

1,684.8
1,654.7

18.7

38.0

21.0

29.7

14.7

3.3

-9.8

-10.2

-3.4

10.9

11.3

24.8

22.8

29.4

30.1

1,699.9
1,663.0
36.9

3,705.8

3,758.3

3,814.9

3,851.3

3,902.0

3,965.1

4,018.8

4,054.5

4,109.6

4,167.8

4,204.0

4,282.4

4,343.4

4,418.7

4,473.9

4,532.2

566.8

591.5

600.3

607.7

614.0

610.0

617.7

627.7

643.4

669.6

677.6

693.1

710.5

720.5

740.2

752.4

264.9
6,622.9

253.8
6,761.9

262.7
6,833.3

268.1
6,949.6

272.6
7,024.8

266.1
7,076.5

264.4
7,168.4

278.0
7,251.2

251.3
7,378.3

289.7
7,493.0

287.9
7,571.1

273.5
7,707.8

284.0
7,840.2

281.3
7,998.5

299.5
8,091.5

310.1
8,168.6

1. Prior to 1959, inventories held by construction establishments are included in nondurable goods. Beginning
with 1959, these inventories are included in durable goods.
NOTE.—Percent changes from preceding period for gross domestic product and for final sales of domestic product




are shown in table 8.1.

1,588.3

19.8

42

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.4.—Real Gross Domestic Product by Major Type of Product: Annually, 192^-97, and Quarterly, 1947-97
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
Line

Gross domestic product
Final sales of domestic product
Change in private inventories
Residual
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories
Nondurable goods
Final sales
Change in private inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

1929

1930

1931

1932

1933

1934

1935

1936

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

822.2
830.9
8.1
-16.8
253.2

751.5
774.2
-4.8
-17.9
223.1

703.6
729.5
-8.7
-17.2
207.3

611.8
646.5
-20.8
-13.9
173.0

603.3
626.2
-11.0
-11.9
176.8

668.3
685.2
-5.9
-11.0
203.1

728.3
728.4
8.1
-8.2
228.9

822.5
823.8
6.1
-7.4
262.7

865.8
859.3
13.6
-7.1
282.4

453.0
161.6
-45.6

446.7
137.2
-55.5

438.1
110.8
-52.6

414.9
76.6
-52.7

407.4
59.7
^0.6

429.0
70.3
-34.1

443.8
79.9
-24.3

469.6
110.9
-20.7

481.8
113.8
-12.2

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1,495.1
1,517.0
-4.7
-17.2
525.3

1,560.0
1,544.8
20.6
-5.4
547.9

1,550.9
1,580.5
-10.1
-19.5
535.3

1,686.6
1,672.4
17.7
-3.5
584.2

1,815.1
1,789.2
24.7
1.2
630.7

1,887.3
1,887.0
10.8
-10.5
648.1

1,973.9
1,979.7
6.6
-12.4
689.2

1,960.5
1,984.3
-6.2
-17.6
661.6

2,099.5
2,093.9
14.6
-9.0
719.9

2,141.1
2,141.9
10.8
-11.6
725.2

2,183.9
2,196.5
3.0
-15.6
732.7

2,162.8
2,179.3
0
-16.5
704.1

2,319.0
2,317.4
12.1
-10.5
764.7

2,376.7
2,378.5
10.9
-12.7
777.1

2,432.0
2,435.5
9.5
-13.0
780.6

2,578.9
2,569.5
19.6
-10.2
837.0

2,690.4
2,683.6
18.4
-11.6
866.1

773.6
172.8
23.4

778.9
202.6
30.6

793.7
204.5
17.4

820.1
252.1
30.2

913.1
244.1
27.2

973.8
249.4
16.0

988.9
263.3
32.5

1,009.9
280.4
8.6

1,049.6
306.1
23.9

1,098.7
304.8
12.4

1,146.9
301.5
2.8

1,172.4
306.1
-19.8

1,222.2
340.6
-8.5

1,279.7
337.4
-17.5

1,337.4
346.8
-32.8

1,400.7
366.6
-25.4

1,465.7
391.3
-32.7

1937

1941

1939

1940

835.6
846.7
-2.0
-9.1
264.7

903.5
909.7
.7
-6.9
290.1

980.7 1,148.8 1,360.0 1,583.7
969.4 1,125.7 1,359.5 1,604i
-4.C
24.6
15.5
10.0
-16i
-1.5
-4.2
-9.5
562.!
385.7
323.9
461.8

1,714.1 1,693.3 1,505.5
1,737.3 1,721.4 1,483.3
24.5
-3.5
-6.8
-2.3
-19.7
-19.3
523.7
607.6
590.7

484.1
111.0
-24.2

503.5
129.9
-20.0

527.5
137.1
-7.8

1,012.0 1,020.5
73.4
76.3
21.1
5.8

1938

1942

586.1
175.0
2.0

700.4
188.9
8.9

1943

882.fi
107.7
30.7

1944

1945

1946

818.5
151.4
11.9

17
18
Line

Gross domestic product
Final sales of domestic product
Change in private inventories
Residual
Goods
Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories
Nondurable goods
Final sales
Change in private inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Gross domestic product
Final sales of domestic product
Change in private inventories
Residual
Goods
Final sales
Change in private inventories
Durable aoods
Final sales
Change in private inventories
Nondurable ooods
Final sales
Chanoe in Drivate inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

17
18
Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

2,846.5
2,844.1
15.1
-12.7
919.2

3,028.5
3,008.5
30.6
-10.6
994.9

3,227.5
3,191.1
42.8
-6.4
1,083.4

3,308.3
3,288.2
31.7
-11.6
1,095.2

3,466.1
3,450.0
28.4
-12.3
1,146.7

3,571.4
3,555.9
27.4
-11.9
1,180.6

3,578.0
3,588.6
4.4
-15.0
1,166.5

3,697.7
3,688.1
23.9
-14.3
1,194.3

3,898.4
3,887.7
23.7
-13.0
1,280.1

4,123.4
4,094.3
35.6
-6.5
1,395.0

4,099.0
4,080.7
25.0
-6.7
1,378.5

4,084.4
4,118.5
-9.4
-24.7
1,357.9

4,311.7
4,288.8
32.5
-9.6
1,453.8

4,511.8
4,478.8
40.8
-7.8
1,524.1

4,760.6
4,722.9
44.1
-6.4
1,621.8

4,912.1
4,894.4
26.1
-8.4
1,686.1

4,900.9
4,928.1
-10.5
-16.7
1,677.0

1,541.4
417.7
-31.8

1,613.8
438.6
-18.8

1,705.9
439.2
-1.0

1,795.9
432.7
-15.5

1,876.5
459.3
-16.4

1,943.9
465.2
-18.3

1,999.0
445.1
-32.6

2,056.8
486.4
-39.8

2,123.2
522.4
-27.3

2,199.5
533.7
-4.8

2,259.6
478.4
-17.5

2,327.5
435.0
-36.0

2,403.5
475.9
-21.5

2,483.1
521.1
-16.5

2,577.9
567.1
-6.2

2,642.9
582.7
.4

2,695.2
541.4
-12.7

17
18
1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Gross domestic product

1

5,021.0

5,132.3

5,505.2

5,717.1

5,912.4

6,113.3

6,368.4

6,676.4

7,347.7

4,989.5
37.9
-6.4

5,154.5
-9.7

5,698.8
27.1

5,912.6
9.6

6,088.8
29.6

6,352.6
18.4

6,695.6
16.5

6,681.5
-1.0

7,285.8
66.8

7,813.2
7,783.2
30.0

8,159.5
8,095.2
63.8

-12.5

-6.8

-9.8

-6.1

-2.6

-3.2

-4.1

-4.8

^.9

1.2

5

1,753.6

1,754.8

1,941.1

1,990.0

2,057.5

2,136.3

2,255.3

2,379.6

-42
2,404.2

7,043.8
20.0
-1.2

7,543.8
7,512.2
30.4

-20.0
1,678.4

5,427.9
76.1
1.2

6,880.0
6,867.7
17.1

7,062.6

2
3
4

6,591.8
6,565.4
29.6

6,707.9

Final sales of domestic product
Change in private inventories

4,919.3
4,954.9
-15.6

2,372.7

2,455.0

2,548.2

2,708.3

2,813.8

2,951.3

3,145.9

2,112.2
29.6
861.7
837.8
25.0

2,239.0
18.4

2,353.6
29.6

2,375.6
-1.0

2,441.5
17.1

2,528.5
20.0

2,647.0
66.8

2,782.3
30.4

1,002.3
982.7
20.6

962.8
976.8
-14.0

1,015.0
1,018.0
-2.9

1,093.5
1,076.5
17.7

1,179.0
1,144.2
35.9

1,264.8
1,231.8
33.3

2,921.3
30.0
1,351.0
1,331.9
19.1

3,081.3
63.8

942.0
919.1
23.9
1,317.1
1,325.4
-6.9

2,391.1
16.5
1,007.1
1,000.0
7.9
1,400.4
1,394.2
8.6

1,457.3
1,454.4
2.0

1,549.3
1,551.0
-3.6
4,097.5
632.9

1,600.3
1,589.4
10.9

1,655.3
1,624.4
30.4

602.5

1,531.1
1,504.4
30.8
4,010.3
630.7

4,307.6
706.9
-.7
294.1
7,865.4

Line

Residual
Goods
Final sates
Chanae in Drivate inventories
DurablG Goods
Final sales
Change in private inventories
Nondurable goods
Final sales
Chanofi in Drivate inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

6
7
8
9
10
11
12
13
14

2,733.9

2,780.7

15

533.5

487.8

16

1,284.0
1,285.3
3.1

0

-27.6

2,877.3
524.3
-24.1

3,692.3

1,416.2
1,403.6
13.5
3,752.1

626.5

614.8

559.5

1,444.9
1 427.2
20.6
3,847.3
584.9

2,968.4

3,107.7

3,227 .9

3,354.6

595.2

626.1

63! .2

631.1

3,485.3
632.8

.5

-6.7

-£ .2

-23.6

-11.2

-5.8

-9.9

-15.1

-15.1

-7.3

-6.6

.9

4,191.0
670.9
0

235.6
5,878.2

247.8
6,121.1

248.3
6 344.0

226.8
6,480.9

202.0
6,473.2

226.1
6,653.4

245.1
6,817.3

273.8
7,073.9

275.3
7,268.5

275.6
7,537.6

17
18

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See note at the end of the table.




1,380.0
1,374.2
8.7
3,584.9

0

3,916.8

.5

1,491.1
1,457.5
33.4

43

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.4.—Real Gross Domestic Product by Major Type of Product: Annually, 192^-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1947

1948

1949

1950

1951

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

I

II

Gross domestic product

1

1,481.7

1,489.4

1,493.1

1,516.4

1,537.9

1,562.0

1,568.4

1,571.4

1,549.4

1,545.1

1,562.6

1,546.5

1,610.5

1,658.8

1,723.0

1,753.9

1,773.5

1,803.7

Final sales of domestic product
Change in private inventories

2
3

1,504.4
-4.5

1,513.4
-5.6

1,525.0
-10.9

1,525.2
2.4

1,531.9
15.4

1,542.5
23.5

1,545.4
25.3

1,559.5
18.4

1,564.3
-1.3

1,584.7
-16.6

1,584.0

1,588.9
-17.9

1,615.2
6.2

1,657.6
9.8

1,717.3
12.7

1,699.3
42.2

1,746.9
25.5

1,755.7
37.7

Residual

4

-18.2

-18.4

-21.0

-11.2

-9.4

-4.0

-2.3

-6.5

-13.6

-23.0

-16.8

-24.5

-10.9

-8.6

-7.0

12.4

1.1

10.3

5

520.4

526.6

522.3

531.8

541.8

548.4

550.1

551.2

540.4

532.0

540.9

528.0

555.2

570.9

599.7

611.2

616.7

626.6

Goods

6
7

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories

8
9
10

Nondurable aoods
Final sales
Change in private inventories

11
12
13

Services

14

778.5

777.6

775.7

762.8

769.7

775.6

780.1

790.1

791.1

803.2

794.1

786.4

798.5

811.3

823.6

847.2

870.7

904.7

Structures

15

162.3

160.0

174.6

194.3

195.3

206.5

207.3

201.1

195.1

196.6

207.4

218.8

233.9

251.5

263.5

259.7

254.2

244.9

Residual

16

205

25.2

20.5

27.5

31.1

31.5

30.9

29.0

22.8

13.3

202

13.3

22 9

25.1

362

35 8

31 9

27 5

Addenda:
Motor vehicle output
Gross domestic product iess motor vehicle output

17
18

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

I

II

1952

1951

1954

1953

1955

Line

III

IV

Gross domestic product

1

1,839.8

1,843.3

1,864.7

1,866.2

1,878.0

1,940.2

1,976.0

1,992.2

1,979.5

1,947.8

1,938.1

1,941.0

1,962.0

2,000.9

2,058.1

2,091.0

2,118.9

2,130.1

Final sales of domestic product
Change in private inventories

2
3

1,813.6
24.9

1,840.7
10.7

1,858.7
14.0

1,888.4
-2.8

1,869.6
15.7

1,931.2
16.2

1,972.8
12.5

1,989.1
12.6

1,984.1
7.5

1,972.8
-6.4

1,960.9
-6.7

1,968.9
-9.0

1,987.6
-7.4

2,020.0
-2.7

2,058.1
10.3

2,084.0
15.3

2,114.6
13.8

2,118.8
18.9

Residual

4

1.3

-8.1

-8.0

-19.4

-7.3

-7.2

^9.3

-9.5

-12.1

-18.6

-17.1

-18.9

-18.2

-16.4

-103

-8.3

-95

-7 6

5

638.4

641.2

642.9

635.1

640.8

673.7

694.7

703.0

691.6

667.8

655.9

654.3

655.5

680.9

693.2

723.3

731.1

732.2

Goods
Final sales
Change in private inventories

. . . .

6
7

Durable goods
. .
Final sales
Change in private inventories

8
9
10

Nondurable goods
Final sales
Change in private inventories

11
12
13

Services

. . .

. . .

14

938.9

938.0

957.9

975.3

979.6

982.2

979.1

983.1

995.4

998.2

1,002.9

1,003.7

1,020.4

1,012.6

1,049.4

1,025.4

1,052.1

1,071.6

Structures

15

239.0

238.5

244.8

247.5

247.5

257.7

263.9

264.4

260.7

264.2

270.4

276.0

284.5

290.9

305.4

310.0

306.8

302.0

Residual

16

23.5

25.6

19.1

8.3

10.1

26.6

38.3

41.7

31.8

17.6

8.9

7.0

1.6

16.5

10.1

32.3

28.9

24.3

Addenda:
Motor vehicle output
Gross domestic product iess motor vehicle output

17
18

1

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

1956

1957

1958

1959

1960

Line

Gross domestic product

1

2,121.0

2,137.7

2,135.3

2,170.4

2,182.7

2,177.7

2,198.9

2,176.0

2,117.4

2,129.7

2,177.5

2,226.5

2,273.0

2,332.4

2,331.4

2,339.1

2,391.0

2,379.2

Final sales of domestic product
Change in private inventories

2
3

2,114.6
15.8

2,138.0
11.0

2,139.1
8.6

2,175.9
7.7

2,194.1
4.1

2,186.1
6.2

2,203.0
9.1

2,202.7
-7.3

2,146.7
-9.2

2,157.4
-7.8

2,186.7
5.1

2,226.3
11.8

2,275.1
9.3

2,314.9
23.2

2 344.3
2.0

2335 5
13.9

2360 4
34.6

2 382 7
9.8

Residual

4

-9.4

-11.3

-12.4

-13.2

-15.5

-14.6

-13.2

-19.4

-20.1

-19.9

-14.3

-11.6

-11.4

-5.7

-14.9

-10.3

-4.0

-13.3

5

723.2

724.8

721.6

731.0

738.4

730.9

741.6

720.1

686.1

689.6

711.0

729.7

747.7

774.1

767.0

769.9

791.6

781.3

1,278.2

Goods

6
7

Final sales
Change in private inventories

8
9
10

Durable goods
. .
Final sales
Change in private inventories
Nondurable goods
Final sales
Change in private inventories

.

. . . .

11
12
13

Services

14

1,077.5

1,092.0

1,096.8

1,128.6

1,129.4

1,143.1

1,151.6

1,163.7

1,154.5

1,168.8

1,179.4

1,187.0

1,195.5

1,214.0

1,231.0

1,248.2

1,263.6

Structures

15

302.5

306.9

305.9

304.1

304.7

300.7

299.7

300.7

299.8

296.0

305.2

323.4

339.2

346.8

343.7

332.8

342.5

334.3

Residual

16

17.8

14.0

11.0

6.7

10.2

3.0

6.0

-8.5

-23.0

-24.7

-18.1

-13.6

-9.4

-2.5

-10.3

-11.8

-6.7

-14.6

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

17
18

See note at the end of the table.




44

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.4.—Real Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1961

1960

Line

1962

1964

1963

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

Gross domestic product

1

2,383.6

2,352.9

2,366.5

2,410.8

2,450.4

2,500.4

2,544.0

2,571.5

2,596.8

2,603.3

2,634.1

2,668.4

2,719.6

2,739.4

2,800.5

2,833.8

2,872.0

2,879.5

Final sales of domestic product
Change in private inventories

2
3

2,380.0
14.8

2,391.1
-15.8

2,392.9
-7.4

2,418.3
6.4

2,437.7
21.4

2,493.2
17.6

2,522.5
28.1

2,564.6
17.6

2,586.2
20.6

2,604.6
11.9

2,619.3
24.1

2,663.9
16.6

2,712.0
19.3

2,739.6
13.5

2,799.3
14.1

2,833.5
13.5

2,868.3
16.3

2,875.5
16.5

Residual

4

-11.2

-22.4

-19.0

-13.9

-8.7

-10.4

-6.6

-10.7

-10.0

-13.2

-9.3

-12.1

-11.7

-13.7

-12.9

-13.2

-12.6

-12.5

5

782.9

752.5

748.8

773.3

792.1

808.0

827.7

833.8

845.2

841.5

855.2

858.1

874.7

876.3

899.6

914.1

932.7

930.4

1,565.2

Goods
Final sales
Change in private inventories

.

..

6
7

Durable goods
Final sales
Change in private inventories

8
9
10

Nondurable goods
Final sales
Change in private inventories

11
12
13

Services

14

1,281.4

1,295.5

1,313.7

1,333.7

1,339.5

1,362.9

1,380.7

1,395.7

1,404.6

1,421.9

1,432.3

1,453.7

1,478.4

1,498.6

1,517.0

1,535.1

1,548.3

Structures

15

333.7

339.1

345.9

337.3

346.5

357.5

359.0

368.1

370.2

369.2

372.6

389.7

400.1

403.0

419.2

417.1

418.5

416.0

Residual

16

-14.4

-34.2

-41.9

-33.5

-27.7

-28.0

-23.4

-26.1

-23.2

-29.3

-26.0

-33.1

-33.6

-38.5

^35.3

-32.5

-27.5

-32.1

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

17
18

1965

1966

1967

1968

1969

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

Gross domestic product

1

2,950.1

2,989.9

3,050.7

3,123.6

3,201.1

3,213.2

3,233.6

3,261.8

3,291.8

3,289.7

3,313.5

3,338.3

Final sales of domestic product
Change in private inventories

2
3

2,920.2
38.0

2,973.2
27.9

3,029.4
31.6

3,111.4
24.8

3,165.1
42.7

3,180.0
40.4

3,205.0
36.7

3,214.5
51.4

3,246.9
50.6

3,281.5
22.5

3,297.4
28.5

3,326.9
25.4

Residual

4

-8.1

-11.2

-10.3

-12.6

-6.7

-7.2

-8.1

-4.1

-5.7

-14.3

-12.4

-14.0

-12.9

-8.7

-13.4

-14.5

-11.1

-12.2

5

969.4

976.6

1,000.8

1,032.6

1,072.1

1,081.4

1,080.3

1,099.7

1,104.8

1,091.7

1,092.4

1,091.9

1,126.3

1,150.4

1,155.5

1,154.6

1,182.9

1,178.8

1,937.5

Goods
Final sales
Change in private inventories

II

III

IV

I

II

3,406.2

3,464.8

3,489.2

3,504.1

3,558.3

3,567.6

3,394.2
24.9

3,428.5
45.0

3,478.1
24.5

3,499.5
19.1

3,535.0
34.4

3,551.3
28.5

6
7

Durable goods
Final sales
Change in private inventories

8
9
10

Nondurable goods
Final sales
Change in private inventories

11
12
13

Services

14

1,576.9

1,599.2

1,624.1

1,654.8

1,671.4

1,690.2

1,721.5

1,740.7

1,769.8

1,782.8

1,805.3

1,825.7

1,844.6

1,868.7

1,888.4

1,904.5

1,916.0

Structures

15

422.0

437.3

445.3

449.8

459.1

440.0

437.7

420.0

420.4

428.5

435.1

447.0

452.1

458.9

461.0

465.4

471.6

469.6

Residual

16

-18.2

-23.2

-19.5

-13.6

-1.5

1.6

-5.9

1.4

-3.2

-13.3

-19.3

-26.3

-16.8

-13.2

-15.7

-20.4

-12.2

-18.3

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

17
18

1970

1969

Line

1971

1972

1973

III

IV

1

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

Gross domestic product

1

3,588.3

3,571.4

3,566.5

3,573.9

3,605.2

3,566.5

3,666.1

3,686.2

3,714.5

3,723.8

3,796.9

3,883.8

3,922.3

3,9905

4,092.3

4,133.3

4,117.0

4,151.1

Final sales of domestic product
Change in private inventories

2
3

3,569.0
30.4

3,568.3
16.6

3,578.9
3.3

3,573.2
14.2

3,605.0
13.4

3,597.4
-13.2

3,643.1
35.5

3,667.8
31.9

3,698.9
29.3

3,742.5
-.9

3,802.2
9.7

3,862.7
32.8

3,897.2
36.0

3,988.5
16.2

4,075.5
25.2

4,094.4
45.6

4,100.7
24.1

4,106.3
47.5

Residual

4

-11.1

-13.5

-15.7

-13.5

-13.2

-17.7

-12.5

-13.5

-13.7

-17.8

-15.0

-11.7

-10.9

-14.2

-8.4

-6.7

-7.8

-2.7

5

1,185.7

1,174.9

1,166.2

1,177.5

1,182.0

1,140.5

1,194.7

1,191.4

1,201.5

1,189.5

1,223.8

1,277.1

1,297.6

1,321.9

1,376.4

1,400.9

1,385.7

1,417.0

Goods
Final sales
Change in private inventories

6
7

Durable aoods
Final sales
Change in private inventories

8
9
10

Nondurable aoods
Final sales
Change in private inventories

11
12
13

Services

14

1,949.9

1,972.1

1,984.9

1,989.4

2,005.9

2,015.6

2,038.9

2,049.1

2,058.7

2,080.8

2,095.3

2,114.3

2,127.6

2,155.4

2,175.0

2,198.2

2,210.3

2,214.5

Structures

15

471.2

448.4

445.3

431.3

445.4

458.4

466.1

485.0

492.8

501.5

518.6

518.7

518.9

533.5

548.7

537.0

530.4

518.5

Residual

16

-18.5

-24.0

-29.9

-24.3

-28.1

-48.0

-33.6

-39.3

-38.5

-48.0

^0.8

-26.3

-21.8

-20.3

-7.8

-2.8

-9.4

1.1

Addenda:
Motor vehicle output

Gross domestic product iess motor vehicle output

See note at the end of the table.




17
18

45

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.4.—Real Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1977

1976

1975

1974

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

Gross domestic product

1

4,119.3

4,130.4

4,084.5

4,062.0

4,010.0

4,045.2

4,115.4

4,167.2

4,266.1

4,301.5

4,321.9

4,357.4

4,410.5

4,489.8

4,570.6

4,576.1

Final sales of domestic product
Change in private inventories

2

4,101.8
23.5

4,105.6
32.5

4,089.8
9.5

4,025.8
34.6

4,054.7
-15.2

4,099.2
-24.3

4,135.9
-.1

4,184.3
2.0

4,248.8
27.9

4,264.1
43.6

4,289.7
41.0

4,352.4
17.6

4,393.8
27.2

4,464.0
35.0

4,509.7
63.2

4,547.5
37.8

Residual

4

Goods

3

.

5
6
7

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories

-7.7

-14.8

1.6

-29.5

-29.7

-20.4

-19.1

-10.6

-6.2

-8.8

-12.6

-10.5

-9.2

-2.3

-9.2

1,393.8

1,368.4

1,362.0

1,323.5

1,341.9

1,373.4

1,392.5

1,434.1

1,456.9

1,464.5

1,459.7

1,483.2

1,510.2

1,552.4

1,550.6

2,514.9

8
9
10

Nondurable aoods
Final sales
Change in private inventories

-6.0
1,389.9

11
12
13

Services

14

2,239.1

2,253.9

2,263.5

2,282.0

2,293.9

2,321.6

2,338.9

2,355.7

2,375.8

2,388.8

2,411.8

2,437.4

2,452.7

2,465.3

2,499.8

Structures

15

501.4

494.9

473.9

443.6

433.0

421.1

436.1

449.7

478.8

473.3

464.7

486.8

497.0

532.2

529.9

525.2

Residual

16

-11.1

-12.2

-21.3

-25.6

^0.4

-39.4

-33.0

-30.7

-22.6

-17.5

-19.1

-56.5

-22.4

-17.9

-11.5

-14.6

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

17
18
1978
Line

1979

1980

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

Gross domestic product

1

4,588.9

4,765.7

4,811.7

4,876.0

4,888.3

4,891.4

4,926.2

4,942.6

4,958.9

4,857.8

4,850.3

4,936.6

5,032.5

4,997.3

5,056.8

4,997.1

Final sales of domestic product
Change in private inventories

2
3

4,552.0
42.9

4,730.8
41.5

4,774.7
43.9

4,834.2
48.1

4,855.1
38.5

4,852.9
41.7

4,921.9
16.2

4,947.7
8.0

4,961.4
8.5

4,861.6
7.0

4,923.9
-45.6

4,965.2
-12.0

4,985.6
48.9

4,995.9
16.4

5,003.5
54.5

4,972.9
31.8

Residual

4

-6.0

-6.6

-6.9

-6.3

-5.3

-3.2

-11.9

-13.1

-11.0

-10.8

-28.0

-16.6

-2.0

-15.0

-1.2

-7.6

5

1,542.5

1,628.5

1,640.2

1,676.0

1,682.9

1,673.1

1,695.3

1,693.0

1,704.1

1,670.0

1,647.6

1,686.4

1,765.9

1,732.5

1,784.0

1,732.1

Goods

6
7

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories
Nondurable goods
Final sales
Change in private inventories

8
9
10
„

11
12
13

Services

14

2,546.0

2,573.0

2,589.2

2,603.5

2,631.0

2,642.8

2,636.4

2,661.6

2,677.6

2,679.2

2,705.1

2,718.8

2,711.7

2,731.8

2,745.9

2,746.2

Structures

15

522.9

567.8

585.5

592.1

572.9

579.0

590.1

589.0

578.5

521.0

520.4

545.6

547.5

537.8

522.3

526.3

Residual

16

-22.5

-3.6

-3.2

4.4

1.5

^3.5

4.4

-1.0

-1.3

-12.4

-22.8

-14.2

7.4

-4.8

4.6

-7.5

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

17
18
1982

1984

1983

1985

Line
1

If

III

IV

1

Gross domestic product

1

4,914.3

4,935.5

4,912.1

4,915.6

Final sales of domestic product
Change in private inventories

2
3

4,959.7
-22.3

4,954.2
-2.2

4,916.8
8.9

4,989.1
-46.9

Residual

4

-23.1

-16.5

-13.6

-26.6

-21.7

-13.6

-10.0

-4.6

4.1

2.5

2.1

-42

-10.3

-9.4

-9.6

-6.4

5

1,673.2

1,703.6

1,683.9

1,652.9

1,668.5

1,738.4

1,776.1

1,836.1

1,897.9

1,942.2

1,955.7

1,968.5

1,962.6

1,975.2

2,008.0

2,014.2

Goods
Final sales
Change in private inventories

It

III

IV

I

II

III

IV

1

II

III

IV

4,972.4

5,089.8

5,180.4

5,286.8

5,402.3

5,493.8

5,541.3

5,583.1

5,629.7

5,673.8

5,758.6

5,806.0

5,036.1
-42.0

5,113.1
-9.7

5,200.3
-9.9

5,268.5
22.9

5,313.9
84.3

5,410.8
80.5

5,456.0
83.2

5,531.0
56.3

5,619.8
20.2

5,657.0
26.2

5,746.0
22.2

5,772.5
39.9

6
7

Durable goods
Final sales
.
Change in private inventories

8
9
10

Nondurable goods
Final sales
Change in private inventories .

11
12
13

Services

14

2,762.5

2,762.3

2,782.5

2,815.7

2,843.8

2,867.1

2,885.8

2,912.7

2,932.7

2,953.2

2,980.2

3,007.4

3,052.4

3,079.9

3,130.4

3,168.1

Structures

15

504.0

488.9

473.1

485.1

497.8

510.3

538.9

550.0

574.6

595.8

603.7

606.6

620.1

625.0

626.4

632.7

Residual

16

-25.4

-19.3

-27.4

-38.1

-37.7

-26.0

-20.4

-12.0

-2.9

2.6

1.7

.6

-5.4

-6.3

S.2

-9.0

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

17
18

See note at the end of the table.




46

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.4.—Real Gross Domestic Product by Major Type of Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1987

1986

1989

Line

Gross domestic product

5,858.9

5,883.3

5,937.9

5,969.5

6,013.3

6,077.2

6,128.1

6,234.4

6,275.9

6,349.8

6,382.3

6,465.2

6,543.8

6,579.4

6,610.6

6,633.5

Final sales of domestic product

5,828.7
37.5

5,872.6
19.7

5,956.0
-6.8

5,993.1

5,985.4
33.9

6,066.8
17.3

6,138.7
-2.1

6,164.1
69.3

6,263.0
17.2

6,334.0
18.9

6,365.9
18.5

6,447.5
18.9

6,492.7
51.5

6,542.8
38.9

6,605.8
10.2

6,620.4
17.9

Change in private inventories

-12.1

2,080.1

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories
Nondurable goods
Final sales
Change in private inventories

-6.9

-8.5

1.0

-4.3

-3.1

-2.1

-1.2

-.4

-2.3

-5.4

-4.8

2,136.8

2,205.8

2,213.2

2,249.5

2,254.8

2,303.5

2,364.0

2,385.9

2,388.8

2,379.7

2,105.9
17.3

2,144.0
-2.1

2,140.4
69.3

2,199.6
17.2

2,233.1
18.9

2,237.8
18.5

2,285.3
18.9

2,315.5
51.5

2,350.6
38.9

2,382.5
10.2

2,365.8
17.9

854.4
831.1
24.6

865.8
870.3
-4.9

901.9
854.7
49.2

908.0
899.6
9.2

935.1
920.2
15.8

946.9
915.0
33.1

977.8
941.6
37.4

994.5
955.5
40.1

1,001.6
983.9
18.7

1,010.3
1.8

1,002.9
982.2
21.6

1,272.2

1,311.7
1,306.0

1,318.8

1,286.6

1,279.4
1,280.4

1,310.8

1,278.8

-11.5

2,117.4

1,273.6

-11.3
2,070.8

-6.0

824.8
795.1
31.3

Goods

-9.0
2,044.1

2,085.5
2,058.3
33.9

-7.3
2,035.0

Residual

1,310.7
1,329.0

1,327.1
1,348.9

1,372.3
1,364.9

1,387.3
1,369.7

1,380.7
1,374.5

1,379.5
1,387.6

1,295.3

1,317.9

1,009.3

.3

-9.4

3.2

18.2

7.9

2.3

-16.9

-21.0

10.4

20.3

8.7

-4.5

3,315.7

3,341.2

3,367.0

3,394.3

3,442.8

3,467.5

3,500.9

3,530.3

3,545.8

3,569.6

3,593.0

3,631.1

637.3

632.9

634.7

632.1

621.4

627.6

624.9

-11.2

-11.7

-6.7

-5.0

-4.2

-4.3

-9.4

242.9
6,139.9

256.7
6,209.2

262.7
6,281.9

253.5
6,326.5

241.5
6,369.4

235.6
6,398.1

3,188.2

3,270.0

636.0

633.0

628.2

623.8

628.4

633.9

638.2

626.5

-8.7

-7.6

-8.8

-31.7

" -25.3

-21.8

-15.5

-16.1

237.5
5,776.3

Residual

3,241.7

-7.8

Structures

3,211.9

643.5

Services

232.7
5,845.1

231.5
5,897.3

240.6
5,994.4

238.0
6,038.3

253.7
6,096.9

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ,

1992

1991

1990

1993

Line

IV

I

IV

Gross domestic product

6,716.3

6,731.7

6,719.4

6,664.2

6,631.4

6,668.5

6,684.9

6,720.9

6,783.3

6,846.8

6,899.7

6,990.6

6,988.7

7,031.2

7,062.0

7,168.7

Final sales of domestic product

6,705.8
15.7

6,697.6
36.3

6,699.2
24.1

6,680.0
-9.9

6,652.5
-15.5

6,692.5
-19.6

6,689.2
-1.3

6,692.0
32.4

6,788.9
0

6,827.1
24.9

6,882.7
21.4

6,972.4
22.0

6,953.6
36.2

7,008.8
23.4

7,057.9
4.7

7,154.8
15.7

Change in private inventories

-5.2

-5.9

-5.6

-4.4

-3.0

-3.5

-5.6

-5.2

-4.4

-3.8

-1.1

-1.0

-.6

-1.8

2,403.2

2,369.8

2,357.6

2,365.5

2,375.6

2,392.2

2,402.9

2,437.1

2,462.6

2,517.2

2,511.8

2,546.0

2,534.0

2,601.1

2,386.7
36.3

2,382.8
24.1

2,332.6
-9.9

2,375.3
-15.5

2,385.9
-19.6

2,377.7
-1.3

2,363.4
32.4

2,406.4
0

2,416.7
24.9

2,444.8
21.4

2,498.1
22.0

2,476.6
36.2

2,523.0
23.4

2,528.4
4.7

2,586.1
15.7

1,028.0

1,022.0

970.3
981.1
-10.4

936.0
967.7
—32.1

960.1
986.4
-26.8

983.9
980.7
3.7

1,053.5
-2.8

1,040.2
25.2

1,090.5
1,077.2

9.4

1,023.0
1,024.0
-.8

1,064.5

972.3
-.7

972.2
989.3
-17.4

1,050.8

1,000.0
23.0

1,013.9
1,005.2

1.5

1,008.2
991.6
17.5

971.2

1,027.2

14.0

1,084.9
1,073.3
12.2

1,133.9
1,115.4
19.3

1,397.7
1,386.0

Nondurable goods
Final sales
Change in private inventories

-3.9

2,420.0

2,412.1
15.7

Final sales
Change in private inventories
Durable goods
Final sales
Change in private inventories

-2.2

2,423.7

Residual
Goods

1,400.6
1,389.7

1,398.4
1,394.9

1,405.1
1,406.3

1,429.7
1,413.2

1,411.6
1,403.8

1,396.2
1,401.5

1,427.1
1,395.7

1,437.1
1,421.8

1,427.6
1,415.3

1,444.2
1,424.2

1,470.8
1,447.6

1,450.7
1,439.6

1,458.2
1,448.0

1,451.7
1,457.6

1,468.7
1,472.3

14.6

17.3

7.9

-5.3

34.0

18.4

15.7

22.8

25.4

10.7

9.3

-7.9

-4.2

3,717.9

3,719.2

3,752.7

3,762.6

3,774.1

3,809.5

3,831.9

3,862.8

3,885.0

3,890.4

3,894.5

3,931.4

3,951.0

624.9

609.1

583.8

562.3

559.0

554.8

562.1

579.6

585.4

581.1

593.4

591.9

594.7

602.5

620.7

-7.8

-11.8

-15.1

-16.2

-14.5

-13.1

-16.6

-17.9

-16.1

-14.4

-11.5

-9.3

-6.5

-7.1

-5.8

232.2
6,484.0

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

.6

3,711.7

-5.1

Residual

6.4

3,688.9

641.3

Structures

13.0

3,650.8

Services

236.5
6,495.4

235.0
6,484.6

203.5
6,459.5

184.5
6,445.0

202.0
6,465.3

215.0
6,469.2

206.4
6,513.4

209.1
6,573.1

224.0
6,622.2

227.2
6,671.9

244.3
6,746.3

239.0
6,749.4

240.8
6,790.1

237.6
6,824.1

263.2
6,905.5

1995

1994

1997

1996

Line

IV
Gross domestic product

7,229.4

7,330.2

7,370.2

7,461.1

7,488.7

7,503.3

7,561.4

7,621.9

7,676.4

7,802.9

7,841.9

7,931.3

8,016.4

8,131.9

8,216.6

8,272.9

Final sales of domestic product
Change in private inventories

7,187.1
47.8

7,250.2
85.8

7,318.5
56.3

7,387.2
77.4

7,427.3
62.2

7,469.6
32.5

7,549.7
9.0

7,602.5
18.0

7,669.6
5.6

7,773.4
30.3

7,792.1
51.2

7,897.6
32.9

7,966.4
49.3

8,043.2
88.3

8,164.9
51.3

8,206.3
66.1

-5.5

-5.8

-4.6

-3.5

1.2

2.7

1.4

1.2

-1.4

.8

.7

.4

.4

.5

2,647.5

2,698.3

2,704.9

2,782.7

2,800.3

2,784.9

2,810.0

2,860.0

2,879.4

2,942.3

2,976.3

3,007.1

3,065.5

3,135.2

3,179.3

3,203.5

Final sales
Change in private inventories

2,605.3
47.8

2,619.6
85.8

2,653.7
56.3

2,709.7
77.4

2,739.5
62.2

2,751.3
32.5

2,798.1
9.0

2,840.3
18.0

2,872.4
5.6

2,912.8
30.3

2,926.4
51.2

2,973.6
32.9

3,015.4
49.3

3,045.7
88.3

3,127.5
51.3

3,136.4
66.1

Durable goods
Final sales
Change in private inventories

1,149.1
1,124.6
25.5

1,169.4
1,128.7
42.1

1,178.6
1,148.3
31.2

1,219.0
1,175.2
44.6

1,249.6
1,202.4
47.7

1,241.6

1,269.6

1,298.5

1,246.9
23.1

1,268.3
30.3

1,302.8
1,292.5
10.2

1,349.0
1,330.2

1,379.5
1,340.8
38.7

1,372.6
1,364.0
8.7

1,421.1
1,394.9
26.2

1,493.3

1,209.8
32.2

1,434.3
58.8

1,519.6
1,499.4
20.0

1,530.5
1,501.5
28.7

Nondurable goods
Final sales
Change in private inventories

1,500.2
1,482.3

1,530.9

1,528.0
1,506.8

1,565.2
1,535.9

1,551.3
1,537.8

1,543.9
1,542.1

1,540.6
1,551.6

1,561.5
1,572.3

1,576.7

1,593.3

1,582.5

1,596.8
1,585.6

1,634.4
1,609.5

1,644.4

1,580.0

1,642.6
1,611.8

1,660.5
1,629.2

1,673.8
1,636.0

Residual .
Goods

Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output ....

1,492.6

1,620.4

22.3

43.8

24.9

32.4

13.6

-.3

-14.7

-12.8

-4.7

11.5

12.7

24.2

23.1

29.6

31.3

37.4

3,971.4

3,998.3

4,029.7

4,041.8

4,053.0

4,091.8

4,120.6

4,124.5

4,147.0

4,187.1

4,191.1

4,238.6

4,254.7

4,297.2

4,325.3

4,353.1

612.9

635.5

637.7

636.9

635.5

627.3

631.3

637.6

650.2

673.5

674.5

685.5

696.5

700.4

713.2

717.6

-9.6

-10.8

-3.4

-5.7

-1.3

.4

2.6

1.7

1.2

-.6

-1.5

.6

-.2

-1.8

-1.4

280.3
6,949.3

265.1
7,065.2

272.4
7,097.7

277.6
7,183.4

280.1
7,208.5

271.8
7,231.5

268.4
7,292.9

280.8
7,341.1

253.4
7,423.1

289.2
7,513.8

287.4
7,554.6

281.9
7,734.4

281.3
7,850.4

299.3
7,917.4

313.8
7,959.5

NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in private inventories is the difference between gross domestic product and the
sum of final sales of domestic product and of change in private inventories; the residual line following structures




18.7

272.5
7,658.8

is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and
of structures.
Percent changes from preceding period for gross domestic product and for final sales of domestic product are
shown in table 8.1. Chain-type quantity indexes tor the series in this table are shown in table 7.17.

47

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers: Annually, 1929-97, and
Quarterly, 1946-97
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1929

1930

1931

1932

1934

1933

1936

1935

1938

1937

1940

1939

1941

1942

1943

1944

1946

1945

103.7

Less: Change in private inventories
Equals: Final sales to domestic purchasers
Line

56.4

66.0

73.3

83.7

91.9

86.1

92.0

101.3

126.7

161.8

198.4

219.7

223.0

222.3

4.4
4.1

2.9
2.9

2.0
1.9

2.0
1.9

2.6
2.2

2.8
3.0

3.0
3.2

4.0
4.0

3.8
2.8

3.9

4.8
3.4

5.4
4.4

4.3
4.6

3.9
6.3

4.8
6.9

6.7
7.5

14.1
7.0

91.0

76.6

58.8

56.4

65.7

73.5

83.9

91.8

85.1

99.9

125.7

162.1

200.8

221.8

223.9

215.2

-.2

-1.1

-2.4

-1.4

-.6

1.1

1.2

2.6

2.4

4.3

1.9

-.7

101.8

Equals: Gross domestic purchases

58.8

1.5

Plus: Imports of goods and services

76.6

103.3

Less: Exports of goods and services

91.3

5.9
5.6

Gross domestic product

91.2

77.7

61.1

57.8

66.3

72.4

82.7

89.2

97.5

121.4

160.2

201.5

1949

1950

1951

1947

1948

1952

1954

1953

3.1
91.3
.2

85.7

1955

91.0

1956

1958

1957

1960

1959

-1.5

6.0

225.4

222.7

209.2

1962

1961

1963

244.4

Less: Change in private inventories
Equals: Final sales to domestic purchasers

339.5

358.6

379.9

381.1

415.2

438.0

461.5

467.9

507.4

527.4

545.7

586.5

618.7

15.5
10.1

14.4
9.2

12.3
11.6

17.0
14.6

16.3
15.3

15.2
16.0

15.7
15.4

17.6
17.2

21.2
18.9

23.9
19.9

20.4
20.0

20.6
22.3

25.3
22.8

26.0
22.7

27.4
25.0

29.4
26.1

264.1

262.5

293.6

337.1

357.6

380.7

380.8

414.8

435.7

457.5

4675

509.1

525.0

542.3

584.1

615.4

5.7

-2.7

5.8

9.9

3.5

1.9

-1.9

5.0

3.9

.8

-.4

3.9

3.2

3.0

6.1

5.6

234.2

Equals: Gross domestic purchases

294.3

-.6

Plus: Imports of goods and services

267.7

233.7

Less: Exports of goods and services

269.6

18.7
7.9

Gross domestic product

258.5

265.2

287.9

327.2

354.1

378.8

382.7

409.8

431.7

456.8

467.9

505.2

521.7

539.3

578.0

Less: Change in private inventories
Equals: Final sales to domestic purchasers

1974

1975

1976

1977

1978

1979

1980

911.5

985.3

1,039.7

1,128.6

1,240.4

1,385.5

1,501.0

1,635.2

1,823.9

2,031.4

2,295.9

2,566.4

2,795.6

35.4
31.5

38.9
37.1

41.4
39.9

45.3
46.6

49.3
50.5

57.0
55.8

59.3
62.3

66.2
74.2

91.8
91.2

124.3
127.5

136.3
122.7

148.9
151.1

158.8
182.4

186.1
212.3

228.7
252.7

278.9
293.8

716.2

787.4

832.6

912.7

986.5

1,038.5

1,131.6

1,248.4

1,384.9

1,504.2

1,621.6

1,826.2

2,055.1

2,322.0

2,590.4

2,810.5

9.2

13.6

9.9

9.1

9.2

2.0

8.3

9.1

15.9

14.0

-6.3

17.1

22.3

25.8

18.0

-6.3

654.1

Equals: Gross domestic purchases

1973

834.1

4.8

Plus: Imports of goods and services

1972

789.3

658.9

Less: Exports of goods and services

1971

720.1

33.6
28.1

Gross domestic product

1970

664.4

Line

707.0

773.8

822.8

903.7

977.4

1,036.5

1,123.3

1,239.3

1,369.0

1,490.2

1,627.9

1,809.1

2,032.7

2,296.2

2,572.4

2,816.8

1965

1964

1966

1967

1968

1969

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

3,932.7

4,213.0

4,452.9

4,742.5

5,108.3

5,489.1

5,803.2

5,986.2

6,318.9

6,642.3

7,054.3

7,400.5

7,813.2

8,318.4

282.6
303.2

277.0
328.6

303.1
405.1

303.0
417.2

320.3
452.2

365.6
507.9

446.9
553.2

509.0
589.7

557.2
628.6

601.6
622.3

636.8
664.6

658.0
718.5

725.1
812.1

818.6
902.8

874.2
963.1

966.4
1,055.8

3,279.8

3,586.6

4,034.7

4,327.2

4,584.7

4,884.7

5,214.6

5,569.8

5,874.7

6,006.9

6,346.8

6,702.8

7,141.4

7,484.8

7,902.1

8,407.7

-14.9

Equals: Gross domestic purchases

1983
3,534.9

3,146.3

Plus: Imports of goods and services

1982
3,259.2

302.8
317.8

Less: Exports of goods and services

1981
3,131.3

Line
Gross domestic product

-5.8

65.4

21.8

27.1

18.5

27.7

14.5

-.2

15.0

21.1

62.6

33.0

30.0

62.9

3,294.7

3,592.3

3,969.3

4,305.4

4,857.6

5,196.1

5,542.1

5,860.1

6,007.1

6,331.7

6,681.7

7,078.9

7,451.7

7,872.1

8,344.8

Less: Change in private inventories
3,116.5

Equals: Final sales to domestic purchasers

4,578.2

1947

1946

1948

1949

1950

Line

210.6

Less: Change in private inventories
Equals: Final sales to domestic purchasers

237.5

240.7

244.9

254.7

260.8

267.7

274.3

275.6

270.4

266.6

268.0

265.6

275.7

285.1

13.6
7.3

18.3
7.5

19.4
8.2

19.4
7.7

17.6
8.3

16.9
9.6

15.2
10.0

15.4
10.5

14.6
10.1

16.0
9.6

15.6
9.4

14.0
8.9

12.0
9.1

11.6
9.5

11.8
10.2

211.2

219.8

225.7

226.7

229.4

233.2

245.4

253.5

262.6

271.1

263.9

260.4

262.9

262.7

273.6

283.5

8.5

5.7

4.3

.5

-1.2

-2.9

1.5

3.6

5.9

7.2

6.0

.4

-1.3

-4.7

2.0

2.8

198.6

Equals: Gross domestic purchases

232.0

15.4
7.0

5.5

Plus: Imports of goods and services

228.2

14.2
7.0

204.1

Less: Exports of goods and services

218.4

13.0
6.6

Gross domestic product

202.7

214.1

221.4

226.2

230.7

236.1

244.0

249.9

256.7

262.2

265.1

263.6

264.2

267.4

271.6

280.7

1950

1952

1951

265.5

1953

1954

Line

Gross domestic product

302.5

343.7

348.1

351.5

352.4

358.8

371.8

378.9

382.5

381.7

376.6

376.0

376.7

381.5

390.1

17.0
15.2

18.0
14.3

18.1
14.0

18.6
15.0

16.5
14.6

15.1
15.3

15.2
16.3

15.0
15.8

15.1
16.4

15.7
16.3

15.1
15.5

14.3
14.8

16.3
16.2

15.8
15.3

16.5
15.5

314.1

329.2

335.0

340.1

344.1

347.8

350.6

359.0

372.9

379.6

383.9

382.4

377.0

376.4

376.5

381.1

389.1

14.0

10.4

14.8

9.7

4.7

4.7

-1.5

5.6

5.3

3.9

3.6

2.3

-2.0

-2.0

-3.4

-2.1

-.3

299.1

Equals: Final sales to domestic purchasers

336.9

15.0
14.9

4.2

Equals: Gross domestic purchases
Less: Change in private inventories

329.3

13.5
13.7

303.3

Plus: Imports of goods and services

313.9

12.2
13.0

Less: Exports of goods and services

300.0

318.8

320.2

330.3

339.3

343.1

352.1

353.4

367.7

375.8

380.3

380.0

379.0

378.4

379.9

383.1

389.4

1955

1957

1956

1958

1959

Line

Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases
Less: Change in private inventories
Equals: Final sales to domestic purchasers
See note at the end of the table.




403.1

411.4

419.9

426.4

428.8

434.7

439.7

448.6

457.6

459.6

462.0

454.6

458.9

472.4

485.8

496.1

509.2

17.2
16.2

16.8
17.1

18.1
17.4

18.3

19.3
18.9

20.8
19.0

21.7
19.3

23.0
18.5

24.8
20.1

24.3
20.3

23.6
19.8

22.9
19.6

20.4
19.5

20.4
20.1

20.5
19.7

20.5
20.8

19.7
21.4

20.0
22.5

402.1

411.6

419.3

428.4

432.9

437.2

444.2

452.9

455.6

462.9

458.7

453.7

458.5

471.7

486.2

497.9

511.8

6.4

3.6

3.6

2.2

2.2

2.7

2.8

-4.5

-4.0

-4.2

1.5

5.2

3.9

7.3

422.0

429.3

433.7

441.9

450.7

452.9

460.1

463.3

457.7

462.8

470.1

481.0

494.0

504.5

3.8
398.3

4.3
407.0

415.0

18.1
426.3
7.2
419.0

48

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers: Annually, 1929-97, and
Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1959

1960

1961

1962

1963

Line
510.2

529.9

524.6

528.9

539.9

550.3

563.4

576.8

583.9

591.0

594.4

603.4

612.1

624.9

634.3

25.2
23.5

25.9
22.9

25.8
21.7

26.1
21.7

25.2
21.9

26.1
23.3

26.8
23.9

26.6
24.3

28.1
24.9

28.0
25.1

27.0
25.6

27.2
25.2

29.6
25.9

29.8
26.7

31.1
26.8

515.6

527.0

525.3

526.9

520.6

524.5

536.7

547.5

5605

574.5

580.7

588.2

592.9

601.4

608.4

621.8

630.0

4.1

11.2

3.2

4.3

-5.8

-2.5

1.8

6.7

6.0

9.4

5.4

6.2

3.4

6.9

4.8

5.7

5.1

510.9

Equals: Gross domestic purchases

527.1

24.2
23.3

.4

Plus: Imports of goods and services

527.9

21.1
22.5

511.3

Less: Exports of goods and services

514.2

21.8
22.9

Gross domestic product

5115

515.8

522.1

522.6

526.4

527.1

534.9

540.8

554.5

565.1

575.3

582.0

589.6

594.5

603.5

616.1

624.9

Less: Change in private inventories
Equals: Final sales to domestic purchasers

1965

1964

1966

1967

1968

Line
650.4

Less: Change in private inventories
Equals: Final sales to domestic purchasers

6965

709.0

726.2

748.7

772.3

7815

794.8

808.6

819.3

823.9

838.7

854.4

881.4

905.7

35.0
29.3

31.5
28.5

36.3
31.7

35.7
32.0

38.0
33.9

38.2
35.0

38.2
36.2

39.0
38.2

40.4
38.8

41.7
39.4

41.1
39.0

40.7
39.5

41.9
41.7

43.2
44.4

44.8
45.4

654.8

665.8

670.6

6935

704.3

7225

744.6

769.1

7795

794.0

807.1

817.0

821.8

837.5

854.2

882.7

906.3

4.5

4.7

5.0

11.5

8.6

9.3

7.6

13.9

12.3

11.9

16.5

15.4

6.3

9.3

8.4

8.4

14.1

639.3

Equals: Gross domestic purchases

676.3

33.9
28.4

5.1

Plus: Imports of goods and services

671.2

32.6
27.7

6445

Less: Exports of goods and services

659.6

32.9
27.0

Gross domestic product

650.3

661.1

665.6

681.9

695.8

713.2

737.1

755.2

767.2

782.2

790.6

801.6

815.5

828.2

845.7

874.2

892.3

1969

1968

1971

1970

1972

Line
920.9

Less: Change in private inventories
Equals: Final sales to domestic purchasers

939.7

963.7

978.8

6.0

11.5

9.2

933.7

997.2 1,005.3 1,018.2 1,034.4 1,051.9 1,054.2 1,099.9 1,120.6 1,140.8 1,153.1 1,192.5 1,2275 1,252.0 1,289.7

50.9
52.7

914.5

Equals: Gross domestic purchases

977.0

41.9
43.8

7.7

Plus: Imports of goods and services

961.9

46.2
48.2

922.2

Less: Exports of goods and services

937.8

47.0
48.2

Gross domestic product

952.2

51.0
52.4

54.7
53.5

53.2
53.1

57.6
55.2

57.3
56.4

58.3
57.9

59.5
58.7

59.5
63.3

62.4
65.5

63.5
72.2

56.0
61.9

66.2
74.1

63.1
71.4

72.1
79.2

9985 1,005.2 1,017.0 1,032.0 1,051.0 1,053.8 1,099.1 1,124.3 1,143.9 1,159.1 1,201.1 1,235.8 1,259.9 1,296.7
1.8

5.8

10.2

5.1

5.1

-4.0

10.9

12.3

999.4 1,015.2 1,026.9 1,046.0 1,057.8
1974

1973

10.2

3.2

-.3

12.0

13.7

7.5

1,1135 1,133.7 1,159.4 1,197.9 1,223.8 1,246.2 1,289.3

1975

1976

1977

Line
IV

IV

I

1,338.4 1,374.4 1,394.1 1,435.3 1,450.0 1,487.6 1,514.8 1,551.6 1,567.2 1,603.1 1,659.9 1,710.5 1,770.3 1,803.1 1,837.0 1,885.3 1,939.1 2,006.6

Gross domestic product
Less: Exports of goods and services

81.0
85.4

Plus: Imports of goods and services

103.4
98.7

94.3
91.1

88.3
89.5

114.6
110.3

123.8
129.4

124.5
133.6

134.4
136.6

138.0
124.9

131.8
115.2

141.7
128.7

133.7
122.1

143.1
138.9

146.0
147.1

150.9
155.8

155.4
162.7

154.8
176.4

161.3
183.0

1,342.8 1,3755 1,390.9 1,4305 1,445.6 1,493.3 1,524.0 1,553.8 1,554.1 1,586.6 1,648.3 1,697.6 1,766.1 1,804.2 1,841.9 1,8925 1,960.7 2,028.4

Equals: Gross domestic purchases

10.6

Less: Change in private inventories

25.0

18.2

12.5

17.4

5.6

20.4

-10.0

-14.0

-1.4

.3

14.7

22.5

20.8

14.8

10.5

19.5

1,332.2 1,357.3 1,381.1 1,405.5 1,433.1 1,475.8 1518.4 1533.3 1,564.1 1,6005 1,649.7 1,697.2 1,751.4 1,781.8 1,821.1 1,882.0 1,945.8 2,008.9

Equals: Final sales to domestic purchasers

1978

1977

1979

1980

1981

Line
I

III

I

III

2,0675 2,112.4 2,150.4 2,276.6 2,3385 2,418.0 2,470.9 2529.3 2,601.5 2,663.8 2,732.9 2,736.9 2,793.6 2,918.8 3,052.6 3,086.2 3,183.5 3,203.1
210.7
219.7
282.5
267.1
275.9
204.5
232.9
190.5
164.0
185.6
157.1
299.7
305.5
302.8
290.3
251.5
303.2
161.8
319.7
279.2
229.8
292.6
221.8
215.1
208.8
187.4
319.4
322.0
299.2
280.5
304.3
243.1
257.3
203.3
309.9
182.9

Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services

2,088.6 2,142.7 2,189.7 2,299.9 2,363.1 2,435.3 2,490.1 2,552.7 2,625.9 2,692.8 2,770.1 2,753.7 2,790.3 2,927.7 3,069.6 3,102.6 3,193.7 3,219.4

Equals: Gross domestic purchases

30.9

Less: Change in private inventories

24.1

25.5

24.3

25.0

28.5

23.9

27.4

12.1

7.8

9.9

-33.9

-9.1

38.8

11.7

44.0

24.8

2,057.7 2,118.5 2,164.3 2,275.6 2,338.1 2,406.9 2,466.2 2,525.3 2,613.8 2,684.2 2,760.2 2,745.9 2,824.2 2,936.8 3,030.8 3,090.9 3,149.8 3,194.6

Equals: Final sales to domestic purchasers

1984

1983

1982

1985

Line
I
3,193.8

Less: Change in private inventories
Equals: Final sales to domestic purchasers

3,3785

3,489.6

3,582.9

3,688.8

3,813.4

3,909.4

3,974.7

4,0335

4,109.7

4,170.1

4,252.9

4,319.3

265.1
294.9

270.6
295.3

272.5
318.0

278.2
343.4

286.7
358.0

293.7
388.0

303.0
406.5

306.5
409.6

309.2
416.4

305.9
397.3

303.9
418.6

297.0
414.2

305.3
438.9

3,253.8

3,308.9

3,345.3

3,403.2

3,535.0

3,648.1

3,760.1

3,907.7

4,012.9

4,077.8

4,140.6

4,201.2

4,284.8

4,370.1

4,452.9

-4.2

5.8

-39.8

-35.1

-7.7

-4.2

23.9

73.0

69.3

71.3

48.0

16.2

21.7

16.3

33.1

3,232.4

Equals: Gross domestic purchases

3,315.6

279.0
309.3

-51.5

Plus: Imports of goods and services

3,278.6

294.2
299.1

3,210.9

Less: Exports of goods and services

3,248.9

292.3
309.5

Gross domestic product

3,258.0

3,303.1

3,385.2

3,438.2

3,542.7

3,652.3

3,736.1

3,834.7

3,943.5

4,006.5

4,092.6

4,184.9

4,263.1

4,353.8

4,419.8

1987

1988

Line
Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases
Less: Change in private inventories
Equals: Final sales to domestic purchasers
See note at the end of the table.




I

1989
III

4,375.3

4,415.2

4,483.4

4,537.5

4,612.3

4,695.8

4,770.2

4,891.6

4,957.0

5,0665

5,151.5

5,258.3

5,379.0

5,461.7

5,527.5

5,588.0

312.0
439.0

314.2
443.4

320.1
458.6

334.9
467.7

337.5
476.8

356.8
501.5

373.7
516.5

394.5
536.7

421.0
542.0

441.9
545.3

455.8
552.1

469.0
573.5

492.0
576.2

512.5
594.0

509.4
589.0

522.0
599.6

4,502.3

4,544.4

4,621.9

4,670.3

4,751.6

4,840.5

4,913.0

5,033.8

5,078.0

5,170.0

5,247.8

5,362.7

5,463.2

5,543.1

5,607.1

5,665.7

30.3

15.7

-7.0

-12.7

28.0

16.5

1.0

63.1

17.0

19.7

18.2

19.1

48.2

36.0

10.0

16.6

4,472.0

4,528.8

4,628.9

4,683.0

4,723.7

4,824.0

4,912.0

4,970.7

5,061.0

5,150.3

5,229.6

5,343.7

5,415.1

5,507.1

5,597.1

5,649.1

49

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers: Annually, 1929-97, and
Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1990
Line

I

II

1991

III

1

IV

1992

II

I

IV

III

II

1993

III

I

IV

II

III

IV

Gross domestic product

1

5,720.8

5,800.0

5,844.9

5,847.3

5,886.3

5,962.0

6,015.9

6,080.7

6,183.6

6,276.6

6,345.8

6,469.8

6,521.6

6,596.7

6,655.5

6,795.5

Less" Exports of goods and services
Plus* Imports of goods and services

2
3

541.6
615.8

554.6
615.3

555.3
634.1

577.1
649.2

577.1
610.5

602.5
615.1

602.3
624.5

624.5
639.0

629.5
637.3

633.4
660.5

637.2
673.6

647.0
687.1

646.4
692.9

660.6
717.9

646.4
718.3

678.8
744.9

Equals: Gross domestic purchases

4

5,794.9

5,860.7

5,923.7

5,919.3

5,919.7

5,974.6

6,038.1

6,095.2

6,191.3

6,303.7

6,382.2

6,509.9

6,568.1

6,654.0

6,727.4

6,861.7

Less* Change in private inventories

5

13.9

33.7

21.9

-11.3

-15.3

-17.7

1.0

31.1

-1.0

21.8

19.1

20.2

36.1

24.3

7.0

17.0

Equals: Final sales to domestic purchasers

6

5,781.0

5,827.0

5,901.8

5,930.7

5,935.0

5,992.4

6,037.1

6,064.1

6,192.3

6,281.9

6,363.1

6,489.7

6,532.0

6,629.7

6,720.5

6,844.6

1995

1994
Line

1

II

III

1996

II

I

IV

III

IV

II

I

1997

III

IV

I

II

III

IV

Gross domestic product

1

6,887.8

7,015.7

7,096.0

7,217.7

7,297.5

7,342.6

7,432.8

7,529.3

7,629.6

7,782.7

7,859.0

7,981.4

8,124.2

8,279.8

8,390.9

8,478.6

Less' Exports of goods and services
Plus' Imports of goods and services

2
3

683.8
755.1

714.5
798.7

736.1
835.2

765.8
859.6

787.7
882.2

802.5
911.5

834.1
908.3

850.0
909.3

853.3
929.1

864.7
954.5

865.6
976.1

913.1
992.8

927.8
1,017.1

966.8
1,041.7

988.7
1,077.3

982.4
1,087.0

..

4

6,959.1

7,100.0

7,195.1

7,311.5

7,392.0

7,451.6

7,507.0

7,588.5

7,705.4

7,872.4

7,969.6

8,061.1

8,213.4

8,354.7

8,4795

8,583.2

. . .

5

43.8

79.8

52.0

74.6

62.7

35.8

13.4

20.2

6.8

29.8

50.0

33.5

48.8

87.7

49.9

65.1

6

6,915.2

7,020.2

7,143.1

7,236.9

7,329.3

7,415.8

7,493.6

7,568.3

7,698.6

7,842.7

7,919.6

8,027.6

8,164.6

8,267.1

8,429.6

8,518.0

Equals: Gross domestic purchases

Less* C h a n g e in private inventories

.

.

Equals: Final sales to domestic purchasers

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers: Annually,
1929-97, and Quarterly, 1947-97
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1932

1934

1937

1941

1942

1943

1944

1945

1946

Gross domestic product

1

822.2

751.5

703.6

611.8

603.3

668.3

728.3

822.5

865.8

835.6

903.5

980.7

1,148.8

1,360.0

1,583."r

1,714.1

1,693.3

1,505.5

Less: Exports of goods and services
Plus* Imports of goods and services

2
3

35.8
46.3

29.6
40.3

24.6
35.1

19.3
29.2

19.4
30.4

21.5
31.0

22.7
40.7

23.9
40.2

30.1
45.2

29.8
35.2

31.4
36.9

35.7
37.8

36.7
46.5

24.1
42.2

20.1
53.5>

21.6
55.7

30.5
59.2

66.5
49.1
1,492.8

Line

1929

1930

1931

1933

1936

1935

1940

1939

1938

4

838.3

768.5

721.1

628.4

620.3

685.2

752.7

848.0

888.6

849.6

918.8

993.2

1,172.5

1,404.2

1.651.C>

1,786.0

1,752.4

Less: Change in private inventories

5

8.1

-4.8

-8.7

-20.8

-11.0

-5.9

8.1

6.1

13.6

-2.0

.7

15.5

24.6

10.0

)

-3.5

-8.8

24.5

Equals: Final sales to domestic purchasers

6

847.4

792.0

747.9

664.3

644.0

702.7

753.0

849.5

882.2

861.1

925.2

981.7

1,148.9

1,404.2

1,674.( )

1,810.6

1,782.0

1,469.8

1948

1949

1950

Gross domestic product

1

1,495.1

1,560.0

1,550.9

1,686.6

1,815.1

Less' Exports of goods and services
Plus: Imports of goods and services

2

75.9
46.6

59.8
54.4

59.2
52.5

51.8
62.0

63.5
64.5

1,465.4

1,565.0

1,554.6

1,713.7

-4.7

20.6

-10.1

17.7

1,487.4

1,549.5

1,584.8

1,699.4

Line

3

Equals: Gross domestic purchases

4

Less: Change in private inventories

5

Equals: Final sales to domestic purchasers

6

1947

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1,887.3

1,973.9

1,960.5

2,099.5

2,141.1

2,183.9

2,162.8

2,319.0

2,376.7

2,432.0

2,578.9

2,690.4

60.6
70.1

56.5
76.7

59.3
72.9

65.6
81.7

76.5
88.4

83.1
92.1

71.8
96.4

72.4
106.6

87.5
108.0

88.9
107.3

93.7
119.5

100.7
122.7

1,830.5

1,915.0

2,016.5

1,994.8

2,137.3

2,171.7

2,210.1

2,208.5

2,377.2

2,417.5

2,471.5

2,626.9

2,734.7

24.7

10.8

6.6

-6.2

14.6

10.8

3.0

12.1

10.9

9.5

19.6

18.4

1,804.2

1,914.9

2,022.7

2,019.3

2,131.8

2,172.7

2,223.2

2,376.0

2,419.7

2,475.2

2,617.6

2,728.1

1951

1952

0
2,225.7

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

Gross domestic product

1

2,846.5

3,028.5

3,227.5

3,308.3

3,466.1

3,571.4

3,578.0

3,697.7

3,898.4

4,123.4

4,099.0

4,084.4

4,311.7

4,511.8

4,760.6

4,912.1

4,900.9

Less: Exports of goods and services
Plus' Imports of goods and services

2
3

114.2
129.2

116.5
142.9

124.3
164.2

127.0
176.2

136.3
202.4

143.7
213.9

159.3
223.1

160.4
235.0

173.5
261.3

211.4
273.4

231.6
267.2

230.0
237.5

243.6
284.0

249.7
315.0

275.9
342.3

302.4
347.9

334.8
324.8
4,863.8

Line

Equals: Gross domestic purchases

4

2,883.0

3,079.1

3,292.3

3,382.6

3,555.9

3,664.5

3,659.6

3,791.1

4,003.8

4,196.6

4,136.5

4,085.2

4,354.2

4,586.4

4,834.8

4,956.3

Less: Change in private inventories

5

15.1

30.6

42.8

31.7

28.4

27.4

4.4

23.9

23.7

35.6

25.0

-9.4

32.5

40.8

44.1

26.1

-10.5

Equals: Final sales to domestic purchasers

6

2,880.8

3,059.0

3,255.6

3,362.5

3,540.2

3,649.3

3,671.1

3,782.0

3,993.5

4,167.4

4,118.2

4,119.6

4,331.1

4,553.3

4,797.0

4,938.4

4,890.3

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Gross domestic product

1

5,021.0

4,919.3

5,132.3

5,505.2

5,717.1

5,912.4

6,113.3

6,368.4

6,591.8

6,707.9

6,676.4

6,880.0

7,062.6

7,347.7

7,543.8

7,813.2

8,159.5

2
3

338.6
333.4

314.6
329.2

306.9
370.7

332.6
461.0

341.6
490.7

366.8
531.9

408.0
564.2

473.5
585.6

529.4
608.8

575.7
632.2

613.2
629.0

651.0
670.8

672.7
731.8

732.8
819.4

808.2
886.6

874.2
963.1

981.5
1,094.8
8,271.7

Line

Less1 Exports of goods and services
Plus: Imports of goods and services

.

.

.

Equals: Gross domestic purchases

4

4,990.0

4,916.6

5,194.1

5,646.6

5,883.1

6,096.2

6,286.2

6,489.5

6,674.6

6,764.9

6,688.4

6,896.4

7,120.6

7,434.2

7,621.8

7,902.1

Less: Change in private inventories

5

37.9

-15.6

-9.7

76.1

27.1

9.6

29.6

18.4

29.6

16.5

-1.0

17.1

20.0

66.8

30.4

30.0

63.8

Equals: Final sales to domestic purchasers

6

4,958.6

4,951.7

5,215.9

5,569.5

5,865.0

6,096.6

6,261.9

6,474.0

6,648.3

6,752.6

6,693.5

6,884.1

7,101.8

7,372.2

7,590.3

7,872.1

8,207.3

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See note at the end of the table.




50

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers: Annually,
1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1947

1948

Line

I

1949

1950

1951

III

II

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

Gross domestic product

1

1,481.7

1,489.4

1,493.1

1,516.4

1,537.9

1,562.0

1,568.4

1,571.4

1,549.4

1,545.1

1,562.6

1,546.5

1,610.5

1,658.8

1,723.0

1,753.9

1,773.5

1,803.7

Less" Exports of goods and services .
Plus: Imports of goods and services

2
3

80.7
48.1

79.8
49.0

75.9
43.5

67.3
45.8

64.2
51.7

58.1
53.7

59.5
56.5

57.4
55.6

64.2
53.8

63.7
53.1

58.4
51.0

50.6
51.9

49.7
53.1

50.3
56.1

51.6
69.3

55.7
69.5

58.6
69.5

64.3
67.1

Equals: Gross domestic purchases

4

1,445.9

1,456.0

1,459.8

1,499.7

1,532.9

1,569.1

1,576.6

1,581.6

1,547.4

1,543.1

1,566.1

1,561.7

1,629.4

1,681.1

1,759.0

1,785.0

1,801.3

1,821.1

Less' Change in private inventories

5

-4.5

-5.6

-10.9

2.4

15.4

23.5

25.3

18.4

-1.3

-16.6

-4.6

-17.9

6.2

9.8

12.7

42.2

25.5

37.7

Equals: Final sales to domestic purchasers

6

1,468.6

1,480.0

1,492.2

1,508.5

1,526.5

1,549.1

1,552.9

1,569.5

1,562.5

1,583.4

1,588.0

1,605.1

1,634.4

1,680.0

1,753.5

1,729.7

1,774.5

1,772.5

1952

1951

1954

1953

1955

Line

III

IV

I

II

III

IV

1

II

III

IV

I

II

III

IV

1

II

III

IV

Gross domestic product .

1

1,839.8

1,843.3

1,864.7

1,866.2

1,878.0

1,940.2

1,976.0

1,992.2

1,979.5

1,947.8

1,938.1

1,941.0

1,962.0

2,000.9

2,058.1

2,091.0

2,118.9

2,130.1

Less* Exports of goods and services
Plus" Imports of goods and services

2
3

65.9
61.4

65.3
59.7

68.5
66.8

61.0
66.5

56.2
70.5

56.6
76.7

55.6
75.0

56.0
78.8

58.3
78.5

56.3
74.6

53.8
70.2

61.6
76.5

59.5
72.1

62.3
72.9

64.6
76.8

63.1
81.3

67.2
82.8

67.5
85.9

Equals: Gross domestic purchases

4

1,848.5

1,850.9

1,876.6

1,888.7

1,912.4

1,982.3

2,018.2

2,038.2

2,021.7

1,987.9

1,976.6

1,975.9

1,995.1

2,031.7

2,091.1

2,131.6

2,156.0

2,170.3

Less: Change in private inventories

5

24.9

10.7

14.0

-2.8

15.7

16.2

12.5

12.6

7.5

-6.4

-5.7

-9.0

-7.4

-2.7

10.3

15.3

13.8

18.9

Equals: Final sales to domestic purchasers

6

1,821.8

1,848.3

1,870.5

1,911.4

1,904.1

1,973.5

2,015.1

2,035.4

2,026.7

2,013.6

2,000.0

2,004.5

2,021.4

2,051.3

2,091.4

2,124.8

2,151.9

2,159.1

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II
2,379.2

1957

1956

1958

1959

1960

Line

Gross domestic product

1

2,121.0

2,137.7

2,135.3

2,170.4

2,182.7

2,177.7

2,198.9

2,176.0

2,117.4

2,129.7

2,177.5

2,226.5

2,273.0

2,332.4

2,331.4

2,339.1

2,391.0

Less" Exports of goods and services
Plus: Imports of goods and services

2
3

70.7
89.1

75.5
88.8

78.1
89.6

81.6
85.8

86.9
92.4

84.3
93.2

81.9
91.3

79.3
91.5

71.4
92.6

71.7
96.5

72.0
95.5

71.9
101.1

69.1
102.3

70.6
108.0

76.4
109.4

73.5
106.7

83.8
110.5

Equais: Gross domestic purchases

4

2,160.0

2,170.1

2,165.0

2,191.8

2,203.9

2,203.3

2,226.3

2,206.6

2,158.9

2,174.9

2,222.2

2,278.0

2,330.4

2,394.7

2,387.3

2,396.5

2,439.4

Less" Change in private inventories

5

15.8

11.0

8.6

7.7

4.1

6.2

9.1

-7.3

-9.2

-7.8

5.1

11.8

9.3

23.2

2.0

13.9

34.6

Equals: Final sales to domestic purchasers

6

2,153.8

2,170.6

2,169.0

2,197.5

2,215.8

2,212.1

2,230.7

2,234.1

2,189.0

2,203.5

2,232.1

2,278.1

2,332.9

2,377.2

2,400.8

2,393.1

2,408.5

1961

1960

1962

87.3
111.1
2,423.3
9.8
2,427.2

1964

1963

Line

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

Gross domestic product

1

2,383.6

2,352.9

2,366.5

2,410.8

2,450.4

2,500.4

2,544.0

2,571.5

2,596.8

2,603.3

2,634.1

2,668.4

2,719.6

2,739.4

2,800.5

2,833.8

2,872.0

2,879.5

Less: Exports of goods and services
Plus: Imports of goods and services

2

89.3
107.8

89.3
102.7

89.9
102.2

85.7
103.5

89.2
110.4

90.8
113.0

90.1
116.4

96.1
119.0

95.9
120.5

92.5
122.0

92.8
119.1

101.3
121.9

102.1
125.0

106.7
124.6

112.6
124.5

111.7
127.3

115.0
130.7

117.4
134.3

2,421.8

2,385.6

2,398.1

2,450.4

2,492.8

2,544.4

2,593.1

2,615.7

2,643.3

2,655.7

2,684.2

2,710.7

2,765.0

2,778.9

2,833.6

2,871.4

2,909.5

2,917.4

14.8

-15.8

-7.4

6.4

21.4

17.6

28.1

17.6

20.6

11.9

24.1

16.6

19.3

13.5

14.1

13.5

16.3

16.5

2,418.4

2,424.8

2,425.3

2,458.4

2,480.0

2,537.3

2,571.5

2,608.9

2,632.8

2,657.3

2,669.4

2,706.4

2,757.5

2,779.3

2,832.6

2,871.4

2,905.9

2,913.5

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

I

II

Equals: Gross domestic purchases
Less* Change in private inventories
Equals: Final sales to domestic purchasers

3
4
5
6

1965

1966

1967

1969

1968

Line

Gross domestic product

1

2,950.1

2,989.9

3,050.7

3,123.6

3,201.1

3,213.2

3,233.6

3,261.8

3,291.8

3,289.7

3,313.5

3,338.3

3,406.2

3,464.8

3,489.2

3,504.1

3,558.3

3,567.6

Less: Exports of goods and services
Plus" Imports of goods and services

2
3

103.2
129.4

119.6
144.7

117.5
145.3

125.6
152.4

124.0
156.3

123.1
160.2

123.9
169.2

126.1
171.1

127.9
173.5

126.6
172.4

125.3
174.7

128.3
184.0

131.3
194.7

133.5
197.7

141.8
209.5

138.7
207.7

124.1
188.2

150.5
225.3

Equals: Gross domestic purchases

4

3,003.4

3,036.9

3,102.6

3,173.3

3,258.3

3,275.5

3,303.8

3,331.6

3,362.1

3,360.7

3,388.8

3,418.9

3,494.2

3,554.1

3,578.9

3,596.6

3,653.4

3,661.9

Less: Change in private inventories

5

38.0

27.9

31.6

24.8

42.7

40.4

36.7

51.4

50.6

22.5

28.5

25.4

24.9

45.0

24.5

19.1

34.4

28.5

Equals: Final sales to domestic purchasers

6

2,973.3

3,020.2

3,081.2

3,161.1

3,221.9

3,241.9

3,274.9

3,283.6

3,316.6

3,352.7

3,373.0

3,407.7

3,482.6

3,517.4

3,568.1

3,592.5

3,630.2

3,646.0

1970

1969

1972

1971

Line

1973

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

1

II

III

IV

Gross domestic product

1

3,588.3

3,571.4

3,566.5

3,573.9

3,605.2

3,566.5

3,666.1

3,686.2

3,714.5

3,723.8

3,796.9

3,883.8

3,922.3

3,990.5

4,092.3

4,133.3

4,117.0

4,151.1

Less* Exports of goods and services
Plus: Imports of goods and services

2
3

148.8
222.4

151.4
219.9

155.0
219.2

160.1
223.5

159.9
223.0

162.1
226.5

160.7
223.8

160.6
240.7

169.4
246.0

151.0
229.3

168.8
262.8

166.4
253.4

173.8
258.7

184.9
270.3

201.8
282.8

210.5
274.7

212.4
267.1

221.1
269.1
4,207.1

Equals: Gross domestic purchases

4

3,682.8

3,660.0

3,649.8

3,654.7

3,686.7

3,647.3

3,748.6

3,784.4

3,807.1

3,824.4

3,907.1

3,990.5

4,025.5

4,092.0

4,187.0

4,209.6

4,182.6

Less" Change in private inventories

5

30.4

16.6

3.3

14.2

13.4

-13.2

35.5

31.9

29.3

-.9

9.7

32.8

36.0

16.2

25.2

45.6

24.1

47.5

Equals: Final sales to domestic purchasers

6

3,663.7

3,657.5

3,663.2

3,654.6

3,687.0

3,679.5

3,725.7

3,766.3

3,791.9

3,844.2

3,913.3

3,969.7

4,000.5

4,090.7

4,170.5

4,170.6

4,166.6

4,162.1

See note at the end of the table.




51

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers: Annually,
1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1974

1975

1976

1977

Line

I

II

IV

III

I

II

III

I

IV

II

III

IV

I

II

III

IV

Gross domestic product

1

4,119.3

4,130.4

4,084.5

4,062.0

4,010.0

4,045.2

4,115.4

4,167.2

4,266.1

4,301.5

4,321.9

4,357.4

4,410.5

4,489.8

4,570.6

4,576.1

Less: Exports of goods and services
Plus' Imports of goods and services

2
3

228.6
260.0

238.4
273.8

226.7
269.0

232.6
266.3

232.2
239.6

222.7
220.4

226.5
238.7

238.7
251.5

237.9
267.2

240.1
278.8

246.8
290.2

249.7
299.8

245.9
313.9

252.5
316.8

254.5
312.4

246.0
316.8

Equals* Gross domestic purchases

4

4,152.2

4,166.4

4,131.2

4,096.3

4,009.3

4,034.0

4,123.4

4,174.2

4,295.0

4,342.3

4,367.7

4,411.4

4,488.6

4,562.8

4,635.5

4,658.6

Less" Change in private inventories

5

23.5

32.5

9.5

34.6

-15.2

-24.3

-.1

2.0

27.9

43.6

41.0

17.6

27.2

35.0

63.2

37.8

Equals: Final sales to domestic purchasers

6

4,134.7

4,141.7

4,136.7

4,060.0

4,054.4

4,088.4

4,144.1

4,191.5

4,277.7

4,304.7

4,335.3

4,406.6

4,472.0

4,537.0

4,574.3

4,629.9

1979

1978

1980

1981

Line

I

II

IV

III

I

II

I

IV

III

II

III

IV

I

II

III

IV

Gross domestic product

1

4,588.9

4,765.7

4,811.7

4,876.0

4,888.3

4,891.4

4,926.2

4,942.6

4,958.9

4,857.8

4,850.3

4,936.6

5,032.5

4,997.3

5,056.8

4,997.1

Less: Exports of goods and services
Plus1 Imports of goods and services

2
3

251.8
338.0

278.2
339.1

281.1
343.6

292.3
348.3

292.3
347.3

292.9
349.2

303.1
343.9

321.2
351.3

331.3
351.7

337.5
326.1

336.2
302.6

334.3
318.9

340.2
332.5

342.0
333.0

334.8
329.3

337.5
338.7
4,975.9

Equals: Gross domestic purchases

4

4,690.6

4,832.6

4,880.4

4,935.4

4,945.9

4,950.9

4,963.6

4,964.8

4,967.8

4,819.4

4,777.2

4,890.9

4,998.0

4,961.5

5,024.9

Less' Change in private inventories

5

42.9

41.5

43.9

48.1

38.5

41.7

16.2

8.0

8.5

7.0

-45.6

-12.0

48.9

16.4

54.5

31.8

Equals: Final sales to domestic purchasers

6

4,653.9

4,797.6

4,843.3

4,893.4

4,912.7

4,912.3

4,959.2

4,969.6

4,970.0

4,822.9

4,849.4

4,918.8

4,951.3

4,959.8

4,971.7

4,951.7

1983

1982

1984

1985

Line

I

II

IV

III

I

II

III

IV

III

II

1

IV

I

II

III

IV

Gross domestic product

1

4,914.3

4,935.5

4,912.1

4,915.6

4,972.4

5,089.8

5,180.4

5,286.8

5,402.3

5,493.8

5,541.3

5,583.1

5,629.7

5,673.8

5,758.6

5,806.0

Less' Exports of goods and services
Plus: Imports of goods and services

2
3

323.8
329.1

326.0
323.7

311.3
338.7

297.5
325.4

302.4
332.8

303.4
358.4

307.9
386.3

314.1
405.3

321.4
437.8

329.4
456.2

336.5
468.0

343.1
481.8

342.8

341.3
494.2

336.2
489.3

346.2
508.3

Equals: Gross domestic purchases

4

4,899.0

4,909.5

4,926.8

4,930.9

4,991.4

5,140.6

5,261.1

5,383.3

5,529.8

5,633.7

5,686.5

5,736.7

5,844.1

5,929.7

5,987.1

Less: Change in private inventories

5

-22.3

-2.2

8.9

-46.9

^2.0

-9.7

-9.9

22.9

84.3

80.5

83.2

56.3

26.2

22.2

39.9

Equals: Final sales to domestic purchasers

6

4,943.7

4,927.8

4,931.3

5,003.8

5,054.6

5,163.6

5,280.6

5,364.9

5,441.4

5,550.7

5,601.3

5,684.6

5,827.4

5,917.3

5,953.9

1987

1986

471.1
5,771.2
20.2
5,761.5

1988

1989

Line

I

II

III

IV

I

II

IV

III

II

I

III

IV

I

II

III

IV

Gross domestic product

1

5,858.9

5,883.3

5,937.9

5,969.5

6,013.3

6,077.2

6,128.1

6,234.4

6,275.9

6,349.8

6,382.3

6,465.2

6,543.8

6,579.4

6,610.6

6,633.5

Less" Exports of goods and services
Plus' Imports of goods and services

2
3

355.9
507.3

360.0
528.8

368.6
543.6

382.6
548.1

383.6
544.9

399.3
558.9

416.7
569.9

432.2
583.0

456.1
580.3

468.8
573.2

477.3
586.1

491.8
603.0

510.5
595.7

530.8
606.9

530.8
612.3

545.5
620.2

Equals: Gross domestic purchases

4

6,027.3

6,071.4

6,132.6

6,153.2

6,192.2

6,253.9

6,297.5

6,401.1

6,411.5

6,462.0

6,499.7

6,585.2

6,633.3

6,658.4

6,695.8

6,711.0

Less1 Change in private inventories

5

37.5

19.7

-6.8

-12.1

33.9

17.3

-2.1

69.3

17.2

18.9

18.5

18.9

51.5

38.9

10.2

17.9

Equals: Final sales to domestic purchasers

6

5,997.2

6,061.0

6,151.1

6,177.1

6,164.5

6,243.8

6,308.3

6,331.1

6,398.7

6,446.3

6,483.3

6,567.6

6,582.3

6,621.9

6,691.0

6,697.9

1991

1990

1992

1993

Line

I

III

II

IV

I

II

IV

III

II

I

III

IV

I

II

IV

III

Gross domestic product

1

6,716.3

6,731.7

6,719.4

6,664.2

6,631.4

6,668.5

6,684.9

6,720.9

6,783.3

6,846.8

6,899.7

6,990.6

6,988.7

7,031.2

7,062.0

7,168.7

Less' Exports of goods and services
Plus: Imports of goods and services

2
3

565.8
628.1

577.6
639.3

572.8
640.4

586.5
621.0

584.5
602.7

613.3
623.9

616.9
640.8

638.3
648.7

643.9
650.6

647.1
670.1

650.8
672.9

662.2
689.5

661.4
705.8

674.4
726.1

660.8
733.1

694.3
762.2

6,785.7

6,866.6

6,918.4

7,015.0

7,031.3

7,081.5

7,133.8

7,235.9

24.9

21.4

22.0

36.2

23.4

4.7

15.7

6,847.0

6,901.4

6,996.8

6,996.2

7,059.1

7,129.6

7,222.0

Equals: Gross domestic purchases

4

6,779.5

6,794.5

6,788.9

6,696.6

6,645.5

6,674.9

6,705.9

6,727.5

Less1 Change in private inventories

5

15.7

36.3

24.1

-9.9

-15.5

-19.6

-1.3

32.4

Equals: Final sales to domestic purchasers

6

6,769.0

6,760.4

6,768.8

6,712.3

6,666.4

6,698.8

6,710.1

6,698.5

1994
Line

I

II

0
6,791.3

1995

III

IV

I

II

1996

IV

III

I

II

1997

III

IV

I

II

III

IV

Gross domestic product

1

7,229.4

7,330.2

7,370.2

7,461.1

7,488.7

7,503.3

7,561.4

7,621.9

7,676.4

7,802.9

7,841.9

7,931.3

8,016.4

8,131.9

8,216.6

8,272.9

Less: Exports of goods and services
Plus: Imports of goods and services

2
3

696.7
776.8

725.1
811.3

742.4
834.6

767.1
854.8

780.6
873.1

788.9
886.4

821.9
889.1

841.4
897.8

846.1
921.1

860.1
950.4

867.0
982.9

923.5
998.1

940.3
1,034.3

979.2
1,079.8

1,004.2
1,123.8

1,002.1
1,141.2

Equals: Gross domestic purchases

4

7,309.2

7,416.2

7,462.4

7,548.8

7,581.3

7,601.1

7,627.9

7,677.2

7,751.0

7,893.1

7,957.9

8,006.5

8,110.6

8,232.3

8,334.5

8,409.4

Less' Change in private inventories

5

47.8

85.8

56.3

77.4

62.2

32.5

9.0

18.0

5.6

30.3

51.2

32.9

49.3

88.3

51.3

66.1

Equals: Final sales to domestic purchasers

6

7,266.9

7,336.2

7,410.8

7,474.8

7,520.0

7,567.4

7,616.2

7,657.8

7,744.1

7,863.6

7,908.0

7,972.7

8,060.6

8,143.4

8,282.8

8,342.7

NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding perioa for selected series in this table are shown in table 8.1.
Chain-type quantity indexes for selected series in this table are shown in table 7.2.




52

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.7.—Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1946-57
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1929

1930

1932

1931

1933

1934

91.9

86.1

73.4

81.6

44.7
38.4
6.3
4.6

57.5
51.7
5.9
7.0

67.0
61.0
6.0
6.4

73.3
66.9
6.4
8.2

68.5
61.7
6.8
6.5

74.6
67.7
7.0
6.3

1.9

1.7

1.8

1.9

2.0

2.3

2.2

.8
1.0

.7
.9

.9
1.0

.9
1.0

1.0
1.0

1.2
1.1

1.0
1.1

5.5

5.2

5.5

6.5

6.9

8.3

8.0

1.1
4.3

1.1
4.1

1.4
4.1

2.0
4.6

2.1
4.8

3.9
4.4

3.4
4.6

Line

1949

1950

1951

1952

1953

75.6
66.9
8.7
7.6

62.6
54.4
8.2
6.3

47.3
40.0
7.3
4.5

2.7

2.3

1.5
1.2

1.1
1.1

5.4

1.1
4.1

Federal
State and local

56.4
49.3

5.2

General government3

1.1
4.2

1947

1948

1954

92.0

175.0

83.3
76.1
7.2
6.4

104.0
96.3
7.7
8.9

127.4
118.9
8.5

148.3
139.3

13.0

9.0

159.7
150.3
9.4

15.3

15.3

9.7
16.0

2.3

2.4

2.5

2.9

3.2

3.7

4.1

1.1
1.1

1.2
1.2

1.2
1.3

1.5
1.4

1.6
1.6

1.9
1.8

2.1
2.0

8.8

9.1

11.2

18.4

31.6

40.9

45.3

3.9
4.9

1955

219.7

163.6

4.0
5.1

5.9
5.3

12.8
5.6

25.7
5.9

34.9
6.1

38.8
6.5

1956

1957

General government3
Federal
State and local
Line

379.9

381.1

415.2

438.0

233.3

259.1

296.8

310.9

329.9

329.4

360.2

378.9

213.4

239.3
223.8

273.8
256.5
17.4

288.8
19.6
22.1

285.7
24.2
19.5

341.6
315.6
26.0
18.6

360.4
332.4

5.6

5.9

6.5

22.9
6.9

309.8
287.9
22.0
20.1

309.9

12.4
23.3

214.6
200.8
13.8
18.7

7.2

7.8

8.1

9.1

9.9

2.4
3.2

2.4
3.6

2.6
3.9

2.7
4.3

2.6
4.6

2.7
5.1

2.6
5.5

3.1
6.1

27.3

28.4

28.7

35.8

40.5

42.2

43.5

19.1
8.8

Nonprofit institutions

358.6

27.9

Private households

339.5

2.4
2.8

Households and institutions .

294.3

17.2
10.2

17.3
11.1

16.9
11.8

22.7
13.2

26.1
14.4

26.7
15.5

26.6
16.9

1964
664.4
565.2
546.0
495.8
50.2

1965

1966

1967

1968

269.2

1969

223.0
173.6
157.7

198.4

267.7

15.4
19.9

1945

140.4

269.6
236.6
201.0

1944

161.8

5.1

Nonfarm 2
Nonfarm less housing
Housing
Farm

1943

112.9

191.2
180.3
11.0
20.2

Business1

101.3

1942

126.7

244.4
211.4

Gross domestic product

1941

75.1

51.8

1.7
1.1

Nonprofit institutions

1940

83.7

58.8

68.8

2.9

Private households

1939

64.5

76.6

83.3

86.0
77.1
9.0
9.7

Households and institutions .

1938

73.3

91.3

95.7

Nonfarm 2
Nonfarm less housing
Housing
Farm

1937

66.0
57.7
53.0
47.2
5.9
4.7

103.7

Gross domestic product
Business1

1936

1935

1958

461.5
398.3

1959

1960

148.0

1962

1961

507.4

527.4

545.7

436.6

451.3

465.1

417.7
382.1
35.6
18.9

431.5

18.3

467.9
400.5
380.0
347.2
32.9
20.5

19.8

445.0
403.6
41.4
20.1

10.6

11.5

12.4

13.9

14.5

3.3
6.6

3.3
7.3

3.5
8.0

3.6
8.9

3.8
10.1

45.9

49.2

52.6

55.9

58.4

62.1

3.7
10.7
66.1

70.9

27.6
18.2

28.8
20.4

30.0
22.6

31.2
24.7

32.0
26.5

33.2
28.9

34.5
31.6

36.7
34.2

380.0

349.6
30.4

28.1
18.4

392.9
38.6

586.5
500.0
479.8
435.2
44.6
20.2
15.6
3.8
11.8

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

2,566.4
2,174.9

Private households
Nonprofit institutions

834.1

911.5

985.3

1,039.7

1,128.6

1,240.4

1,385.5

1,501.0

1,635.2

1,823.9

2,031.4

2,295.9

671.0

703.4

766.1

825.4

863.1

935.7

1,030.0

1,156.8

1,250.5

1,356.8

1,521.6

1,702.8

1,937.3

592.1
538.5
53.5
21.9

648.2
591.2
57.0
22.9

681.1
620.3
60.8
22.2

743.4
678.6
64.8
22.7

800.2
730.3
69.9
25.2

836.9
761.9
74.9
26.2

907.6
825.9
81.7
28.1

997.3
908.6
88.7
32.6

1,107.1
1,010.1

1,203.1
1,097.2

49.8

1,655.6
1,516.2
139.4
47.2

1,882.5

105.9
47.4

1,308.1
1,193.8
114.3
48.8

1,475.1
1,350.1

96.9

155.8
54.7

2,110.5
1,934.4
176.1
64.5

19.3

21.3

23.4

26.1

29.5

32.4

35.6

38.9

43.0

47.1

52.0

57.1

77.3

4.0
15.3

4.0
17.2

4.2
19.2

4.4
21.7

4.4
25.0

4.5
27.9

4.6
31.0

4.6
34.3

4.8
38.2

4.6
42.6

4.6
47.3

5.4
51.6

6.5
63.2

6.4
70.9

97.0

107.3

119.3

130.5

144.2

157.3

171.5

185.7

203.4

226.4

245.3

62.4
5.9
56.4
266.2

69.7

3.9
14.0

Households and institutions .

789.3

613.9

19.3

Nonfarm 2
Nonfarm less housing
Housing
Farm

720.1

17.9

Gross domestic product
Business1

288.9

314.2

47.4
49.6

51.8
55.5

56.7
62.5

60.5
70.0

64.7
79.5

68.6
88.7

73.6
97.9

76.4
109.3

81.6
121.8

89.1
137.2

95.6
149.7

103.6
162.7

111.0
177.9

118.7
195.5

81.3

General government3

40.9
40.4

Federal
State and local

42.6
44.2

125.0
46.4

1,726.7

Households and institutions .

1983

1984

1985

1986

1987

1988

1990

1991

1992

1993

1994

1995

1996

3,534.9

3,932.7

4,213.0

4,452.9

5,108.3

5,489.1

5,803.2

6,642.3

7,054.3

7,400.5

7,813.2

2,968.1

3,313.9

3,546.8

3,740.9

4,281.2

4,600.9

4,842.0

5,986.2
4,962.4

6,318.9

2,729.8

4,742.5
3,976.0

5,242.1

5,518.0

5,886.6

6,190.1

6,556.0

2,577.4 2,664.6
2,342.2 2,405.2
235.2
259.4
69.9
65.1
108.2
97.6

Nonfarm 2
Nonfarm less housing
Housing
Farm

1982
3,259.2

2,647.3

Business1

1981
3,131.3

Line
Gross domestic product

2,918.9
2,642.2
276.7

3,479.7
3,147.4
332.3
67.1

3,678.0
3,318.9
359.0
63.0

3,910.9

4,524.7
3,523.9 3,799.0 4,074.5
450.2
418.4
387.0
76.2
63.8
65.1

4,762.4
4,281.1
481.3

4,889.2
4,381.3

5,161.6

79.6

80.5

5,803.0
5,218.3
584.7
83.6

6,463.8

507.9
73.2

5,444.4
4,895.5
548.9
73.6

6,116.9

49.2

3,245.3
2,942.8
302.6
68.5

119.2

131.2

141.0

153.7

173.3

195.1

214.6

237.9

257.5

279.5

297.0

313.3

330.3

348.6

7.7
165.6

8.3
186.8

8.9
205.7

9.4
228.6

9.1
248.4

10.1
269.4

10.7
286.3

11.1
302.2

11.9
318.4

12.0
336.5

766.3
275.8
490.4

797.3

827.3

854.5

282.8
514.5

287.0
540.3

287.4
567.0

4,217.4

6.2
91.4

General government3
Federal
State and local

6.3
112.9

7.3
123.9

7.3
133.6

7.7
146.0

421.2

447.7

487.7

525.3

558.2

593.1

632.0

673.6

723.3

148.3
238.2

Nonprofit institutions

6.3
102.0

386.5

Private households

163.1
258.1

173.0
274.7

194.0
293.7

206.3
319.1

213.9
344.3

224.5
368.7

235.9
396.2

247.6
426.0

259.7
463.6

1947

1946

4,626.2
535.4

5,499.4 5,820.9
642.8
617.5
92.2
73.2

908.7
286.8
593.3

1949

1948

292.0
616.7

1950

Line

Gross domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local
See footnotes at the end of the table.




210.6

218.4

228.2

232.0

237.5

240.7

244.9

254.7

260.8

267.7

274.3

275.6

180.8

190.6

194.6

203.3

207.1

212.5

222.6

228.5

235.4

240.9

241.8

270.4
235.9

266.6
232.2

268.0
234.0

265.6

173.2

231.2

241.8

156.5

16.7

163.3
153.3
10.0
17.5

170.4
160.2
10.1
20.3

173.7
163.4
10.3
20.9

181.9
171.4
10.5
21.4

188.9
178.1
10.8
18.2

192.5
181.4
11.1
20.0

201.5
190.1
11.4
21.1

207.0
195.2
11.8
21.5

210.6
198.4
12.2
24.8

216.7
204.2
12.6
24.2

219.1
206.2
12.9
22.7

216.5
203.2
13.3
19.4

213.3
199.6
13.7
18.9

215.9
201.8
14.0
18.1

213.0
198.6
14.4
18.2

223.1
208.3
14.8
18.7

4.5

4.3

4.4

4.7

4.6

5.1

5.4

5.4

5.3

5.5

5.8

5.7

5.8

5.9

5.8

6.2

6.3

2.1
2.4

2.1
2.2

2.1
2.3

2.2
2.5

2.2
2.4

2.3
2.9

2.5
2.9

2.5
2.9

2.3
3.0

2.4
3.2

2.4
3.4

2.3
3.4

2.3
3.5

2.3
3.6

2.3
3.5

2.6
3.7

2.6
3.7

32.9
25.9
7.0

33.3

33.2

32.6

29.5

28.5

27.0

26.7

27.0

26.8

27.5

28.1

28.7

28.5

28.3

28.1

27.6

26.2
7.2

25.7
7.5

24.6
8.0

21.2
8.3

19.8

18.1
8.9

17.4
9.3

17.3
9.6

16.9
9.9

17.1
10.4

17.3
10.8

17.8
10.9

17.5
11.0

17.0
11.2

16.8
11.3

16.2
11.4

146.7
9.8

275.7

1946

53

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.7.—-Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1951

1950

1952

1954

1953

Line

302.5

329.3

336.9

343.7

348.1

351.5

352.4

358.8

371.8

378.9

382.5

381.7

376.6

376.0

376.7

361.5

276.3

289.1

294.9

299.8

303.3

305.2

305.0

310.4

323.0

329.4

332.3

331.5

326.3

325.6

325.4

329.6

337.1

247.2
231.5
15.6
20.1

254.6
238.5

266.6
250.0

277.0
259.3

308.7
287.7
21.0
20.7

312.1
290.5
21.7
20.2

19.8

305.2
281.8
23.4
20.4

306.2
282.2
24.0
19.2

310.0
285.6
24.5
19.6

318.2

19.9
23.7

302.4
281.9
20.4
20.6

306.5
283.7

21.9

282.6
263.3
19.3
22.4

312.0

16.6
22.4

283.4
264.6
18.7

286.7
266.9

16.1
21.7

272.0
254.8
17.1

6.5

6.7

2.6
3.8

Nonfarm 2
Nonfarm less housing
Housing
Farm

313.9

267.3

Gross domestic product
Business'

390.1

Nonprofit institutions
General government3
Federal
State and local

6.9

6.9

6.9

7.0

7.1

7.1

7.4

7.4

7.6

7.8

8.0

7.8

7.8

7.9

8.1

8.7

2.5
4.2

2.7
4.2

2.6
4.2

2.7
4.2

2.5
4.5

2.3
4.8

2.6
4.5

2.9
4.5

2.6
4.7

2.5
5.1

2.7
5.1

2.9
5.1

2.7
5.1

2.5
5.3

2.5
5.4

2.5
5.6

2.8
5.9

30.9

33.3

35.2

37.0

37.9

39.2

40.2

41.1

41.4

41.9

42.4

42.2

42.4

42.6

43.4

43.8

44.3

16.8
11.9

Private households

17.6
22.8

28.7

Households and institutions

22.9

279.8
261.6
18.2
23.5

18.6
12.2

20.7
12.7

22.2
12.9

23.6
13.4

24.1
13.7

25.3
13.9

26.1
14.2

26.5
14.6

26.5
14.9

26.6
15.2

27.0
15.4

26.6
15.6

26.5
15.9

26.4
16.2

26.6
16.8

26.6
17.2

26.8
17.5

1955

1956

289.7
22.3
19.6

22.9

1958

1957

293.2
24.9
18.9

1959

Line

403.1

439.7

448.6

457.6

462.0

454.6

458.9

472.4

485.8

496.1

509.2

376.2

379.9

387.9

395.9

396.8

402.9

397.8

389.3

391.8

404.1

416.8

426.5

438.9

337.9

345.9

312.1
25.8
19.0

319.6
26.3
18.5

351.8
325.1
26.7

353.6
326.3
27.2

369.2
340.3
28.9
18.7

378.2
348.7
29.5
17.7

378.7
348.6
30.1
18.1

384.2
353.5
30.7
18.6

368.6
336.6
31.9
20.7

371.0
338.5
32.6
20.8

383.7
350.5
33.2
20.4

396.8
363.1
33.8
20.0

406.9
372.5
34.4

420.3
385.1
35.2

17.8

361.0
332.7
28.3
18.9

379.0
347.6

19.6

18.6

8.9

9.3

18.0
9.7

358.0
330.2
27.8
18.3

9.6

9.6

10.0

10.2

10.3

10.5

10.7

10.8

11.7

11.6

11.7

11.9

12.2

2.9
6.0

3.1
6.2

3.4
6.4

3.3
6.3

3.2
6.4

3.3
6.7

3.3
7.0

3.2
7.1

3.3
7.2

3.4
7.3

3.4
7.5

3.3
7.8

3.6
8.1

3.6
8.1

3.5
8.1

3.4
8.5

3.5
8.7

45.6

46.3

46.9

47.8

48.8

49.9

50.5

51.4

52.3

53.2

53.4

54.2

55.4

56.7

57.3

57.7

58.2

26.9
17.7

Federal
State and local

434.7

371.4

44.6

General government3

428.8

369.8

2.9
5.7

Private households
Nonprofit institutions

426.4

364.4

8.6

Households and institutions

419.9

356.9

330.8
305.5
25.4
19.1

Nonfarm2
Nonfarm less housing
Housing
Farm

411.4

349.9

Gross domestic product
Business1

27.7
18.0

27.9
18.4

28.0
18.9

28.3
19.5

28.7
20.1

29.1
20.7

29.2
21.3

29.7
21.7

30.0
22.3

30.3
22.9

30.0
23.4

30.4
23.8

30.9
24.5

31.7
25.0

31.9
25.5

31.8
25.9

31.9
26.3

1960

1959

31.3
18.9

1963

1962

1961

Line

510.2

514.2

527.9

527.1

529.9

524.6

528.9

539.9

550.3

563.4

576.8

583.9

591.0

594.4

603.4

612.1

624.9

634.3

439.0

442.0

454.1

451.6

453.0

446.7

450.0

460.3

469.4

480.5

492.0

498.2

504.1

505.8

513.2

520.6

532.1

539.5

Nonfarm 2
Nonfarm less housing
Housing
Farm

420.7
384.7
36.1
18.3

422.9
385.9
36.9

432.1
393.9
38.2

425.6
385.8
39.8
21.1

429.4
389.0
40.4
20.6

449.7
408.0
41.7

19.5

432.8
393.8
38.9
20.2

441.1
400.1
41.0

19.1

435.6
398.1
37.6
18.4

19.2

19.7

459.8
417.3
42.5
20.7

471.8
428.6
43.2
20.2

478.1
434.0
44.2
20.0

484.0
439.0
45.0
20.1

485.4
439.4
46.0
20.4

492.6
446.1
46.5
20.6

500.5
453.4
47.1
20.1

511.8
464.1
47.7
20.3

519.0
470.5
48.5
20.5

Households and institutions

125

13.0

13.3

13.9

14.1

14.3

14.4

14.3

14.3

14.8

15.2

15.4

15.8

16.1

16.3

16.5

16.8

17.0

3.6
8.9

3.7
9.3

3.7
9.7

3.8
10.1

3.9
10.2

3.9
10.5

3.9
10.5

3.6
10.6

3.6
10.8

3.8
11.1

3.9
11.3

3.7
11.7

3.8
12.0

3.9
12.2

3.9
12.4

3.8
12.7

3.9
12.9

3.7
13.3

58.7

59.2

61.6

62.9

63.6

65.4

665

68.2

70.3

71.1

72.5

73.9

75.0

76.0

77.8

32.0
26.6

32.2
27.1

33.0
28.6

33.6
29.3

33.8
29.9

34.2
31.2

34.6
32.0

35.5
32.6

36.3
33.3

36.4
33.9

36.7
34.4

37.4
35.1

37.9
36.0

38.3
36.7

38.6
37.4

39.6
38.3

Gross domestic product
Business'

Private households
Nonprofit institutions
General government3
Federal
State and local

32.5
28.0

1964

33.9
30.6

1965

1968

1967

1966

Line

650.4

659.6

671.2

676.3

696.5

709.0

726.2

748.7

772.3

781.5

794.8

819.3

823.9

838.7

854.4

881.4

905.7

553.6

561.2

571.2

575.0

594.0

604.7

619.0

638.0

659.1

665.5

674.5

685.0

693.1

695.2

706.8

718.5

741.7

762.4

Nonfarm2
Nonfarm less housing
Housing
Farm

534.6
485.5
49.0
19.0

542.6
492.9
49.7
18.6

552.3
501.8
50.5
18.9

554.5
503.0
51.5
20.4

573.4
521.1
52.3
20.6

583.0
529.9
53.1
21.7

596.9
542.9
54.0
22.2

615.0
560.1
54.9
23.1

634.6
578.9
55.6
24.5

643.5
587.1
56.4
22.1

652.2
594.8
57.3
22.3

662.4
604.0
58.5
22.6

670.6
611.2
59.4
22.5

673.5
613.3
60.2
21.7

684.2
622.9
61.3
22.5

696.2
633.8
62.4
22.2

719.4
656.1
63.3
22.3

740.4
676.3
64.1
22.0

Households and institutions

17.4

17.9

18.0

18.2

18.4

19.0

19.6

20.3

20.4

20.7

21.7

22.2

22.7

23.2

23.6

24.1

24.8

25.7

3.8
13.6

4.1
13.8

4.0
14.0

3.8
14.4

3.8
14.6

3.9
15.1

4.1
15.6

4.2
16.1

4.0
16.4

3.8
16.9

4.1
17.6

4.2
18.0

4.2
18.5

4.2
18.9

4.1
19.5

4.2
19.9

4.2
20.6

4.5
21.2

79.3

80.6

82.0

83.2

84.0

85.3

87.6

90.4

92.8

95.3

98.7

101.3

103.5

105.6

108.3

111.8

114.9

117.7

40.2
39.2

40.5
40.0

41.3
40.8

41.5
41.6

41.4
42.6

41.7
43.6

42.7
44.8

44.5
45.9

45.5
47.3

46.5
48.7

48.4
50.3

49.3
52.0

50.3
53.2

51.0
54.6

51.9
56.4

53.9
57.9

54.9
60.0

56.0
61.6

Gross domestic product
Business'

Private households
Nonprofit institutions
General government3
Federal
State and local
See footnotes at the end of the table.




54

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.7.—Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1968

1969

1971

1970

1972

Line

920.9

937.8

961.9

977.0

997.2 1,005.3

1,018.2

1,034.4

1,051.9

1,054.2

1,099.9

1,120.6

1,140.8

1,153.1

1,192.5

1,227.5

1,252.0

1,289.7

773.0

787.2

808.7

820.3

834.0

838.5

846.3

859.2

873.7

873.1

911.8

929.3

946.6

955.1

987.8

1,020.1

1,040.1

1,071.8

Nonfarm 2
Nonfarm less housing
Housing
Farm

750.1
684.9
65.2
23.0

763.8
697.3
66.5
23.5

785.5
717.8
67.7
23.2

795.6
726.5
69.1
24.7

808.3
737.7
70.6
25.7

811.4
739.4
72.0
27.0

819.6
746.7
73.0
26.6

833.7
759.6
74.1
25.5

847.1
771.6
75.5
26.6

847.1
769.9
77.2
26.0

884.7
805.8
78.9
27.1

901.7
820.9
80.7
27.6

918.7
836.0
82.7
27.8

925.4
840.9
84.5
29.7

960.2
873.9
86.3
27.6

989.4
901.6
87.8
30.7

1,007.2
917.8
89.5
32.9

1,032.5
941.1
91.4
39.3

Households and institutions

26.5

27.3

28.0

28.9

29.9

31.2

31.4

32.0

32.7

33.5

34.7

35.1

35.7

36.9

37.7

38.6

39.2

40.2

4.5
22.1

4.3
23.0

4.4
23.6

4.4
24.4

4.4
25.5

4.5
26.6

4.5
26.9

4.4
27.6

4.4
28.3

4.6
28.9

4.7
30.0

4.4
30.7

4.5
31.2

4.6
32.3

4.7
33.1

4.7
34.0

4.6
34.6

4.6
35.6

121.4

123.2

125.2

127.8

133.2

135.7

140.4

143.2

145.5

147.7

153.4

156.1

158.5

161.1

166.9

168.7

172.6

177.7

58.0
63.3

58.0
65.2

58.4

59.0
68.9

62.2
71.1

62.3
73.3

64.4
76.0

64.7
78.5

64.8

64.9
82.8

67.8

68.4
87.7

68.6
89.8

69.6
91.5

72.8
94.1

72.3
96.5

73.4
99.2

75.9
101.8

Gross domestic product
Business l

Private households
Nonprofit institutions
General government3
Federal
State and local

1974

1973

1975

1976

1977

Line

1,338.4

Federal
State and local

1,514.8

1,551.6

1,567.2

1,603.1

1,659.9

1,710.5

1,770.3

1,803.1

1,837.0

1,885.3

1,939.1

2,006.6

1,240.9

1,261.8

1,290.5

1,298.9

1,328.1

1,378.5

1,421.9

1,475.7

1,503.8

1,533.0

1,573.8

1,621.0

1,682.6

1,100.7
1,004.9
95.8
47.4

1,112.7
1,014.7
98.0
51.0

1,137.9
1,037.6
100.3

1,156.1

1,254.0
1,142.7
111.3

44.9

1,281.8
1,168.7
113.0
46.4

1,327.2 1,369.3 1,427.3 1,457.6 1,487.5 1,528.1 1,573.6 1,636.8
1,212.0 1,251.5 1,306.9 1,334.6 1,361.1 1,398.0 1,438.8 1,499.3

102.7
52.5

1,216.4
1,109.7
106.8
45.4

1,242.5
1,133.2

61.2

1,197.4
1,092.8
104.6
43.5

42.5

43.5

44.7

45.5

46.7

47.7

48.7

49.8

4.7
37.8

4.9
38.7

5.0
39.7

4.9
40.6

4.7
42.0

4.5
43.2

4.3
44.4

4.4
45.4

183.7

186.9

191.5

195.8

200.0

205.3

212.5

75.7
105.1

General government3

1,487.6

1,208.6

180.7

Nonprofit institutions

1,450.0

1,199.1

4.7
36.6

Private households

1,435.3

1,163.6

41.3

Households and institutions

1,394.1

1,148.2

1,077.0
983.3
93.7
39.4

Nonfarm 2
Nonfarm less housing
Housing
Farm

1,374.4

1,116.4

Gross domestic product
Business1

75.6
108.1

76.1
110.8

78.1
113.4

79.4
116.5

80.2
119.9

81.8
123.6

85.2
127.3

1977

1,053.4

109.3
48.0

115.1
51.3

117.8

120.4
48.3

123.1

52.6

46.2

126.4
45.5

130.1
45.7

134.7
47.5

137.5
45.8

51.2

52.8

54.0

55.8

56.4

57.4

58.6

59.8

61.1

4.7
46.5

4.7
48.1

4.7
49.3

5.5
50.3

5.3
51.1

5.3
52.0

5.4
53.2

5.6
54.2

5.8
55.3

218.5

223.8

228.6

234.5

238.8

242.9

246.7

252.9

258.2

262.9

87.0
131.5

88.0
135.8

89.3
139.4

92.4
142.1

93.4
145.4

94.4
148.5

95.5
151.1

99.0
153.9

101.1
157.1

102.5
160.4

1979

1978

1980

1981

Line

I
Gross domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local

1,736.6

1,770.9 1,802.2

1,922.7

1,976.7

Gross domestic product

Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local
See footnotes at the end of the table.




2,092.3

2,047.5

2,144.6

2,206.5

2,256.3 2,314.9 2,306.7 2,352.7 2,461.0 2,583.3 2,608.1 2,696.9 2,700.9

1,693.4 1,718.6 1,750.7 1,866.9 1,919.6 1,993.0 2,027.8 2,081.8 2,141.0 2,191.3 2,257.9 2,261.6 2,296.3 2,395.1 2,516.4 2,539.4 2,620.7 2,633.0
1,552.6 1,574.0 1,600.2 1,713.2 1,762.7 1,830.8 1,859.9 1,910.2 1,963.0 2,004.5 2,064.0 2,059.5 2,088.5 2,178.4 2,292.0 2,308.3 2,382.6 2,385.9
238.2
178.0
150.5
140.7
224.4
202.1
193.9
186.8
171.6
167.9
162.2
144.6
247.1
231.1
207.8
156.9
153.6
216.7
76.1
65.5
51.5
43.3
66.9
45.1
57.0
65.0
62.8
64.5
54.5
52.3
67.9
68.6
56.4
57.1
55.8
65.9
91.2
78.7
70.8
101.4
96.2
88.5
85.6
83.0
80.6
75.8
72.1
68.7
98.7
94.0
74.0
67.3
65.5
63.0
6.0
57.0

6.2
59.3

6.4
60.8

6.4
62.2

6.6
64.2

6.6
65.4

6.5
67.5

6.2
69.7

6.5
72.2

6.3
74.2

6.1
76.9

6.1
79.5

6.0
82.5

6.1
85.1

6.2
87.8

6.1
90.1

6.1
92.6

6.1
95.3

267.8

276.0

280.9

285.2

291.0

298.4

304.6

308.9

316.3

326.9

335.0

344.6

352.4

366.6

375.3

381.9

387.9

400.8

103.2
164.6

107.5
168.5

108.7
172.3

109.8
175.5

111.1
179.9

114.5
183.9

115.5
189.1

116.9
192.0

118.4
197.9

123.8
203.1

126.1
208.8

129.9
214.7

131.9
220.5

140.7
226.0

143.7
231.6

146.1
235.8

147.9
240.1

155.6
245.1

1982

Business'

IV

2,067.5 2,112.4 2,150.4 2,276.6 2,338.5 2,418.0 2,470.9 2,529.3 2,601.5 2,663.8 2,732.9 2,736.9 2,793.6 2,918.8 3,052.6 3,086.2 3,183.5 3,203.1

1984

1983

1985

3,193.8

3,248.9

3,278.6

3,315.6

3,378.5

3,489.6

3,582.9

3,688.8

3,813.4

3,909.4

3,974.7

4,033.5

4,109.7

4,170.1

4,252.9

4,319.3

2,679.6

2,724.4

2,744.8

2,770.2

2,824.7

2,926.5

3,011.2

3,110.0

3,211.8

3,296.0

3,349.4

3,398.3

3,459.4

3,510.4

3,581.6

3,635.6

2,613.8
2,360.8
253.0
65.8

2,659.5
2,404.0
255.6
64.9

2,678.5

2,416.3
262.2
66.3

2,706.7
2,439.9
266.8
63.5

2,763.3
2,494.5
268.8
61.4

2,875.5
2,602.1
273.4
51.0

2,972.0
2,693.0
279.0
39.2

3,065.0
2,779.3
285.7
45.0

3,144.7
2,853.6
291.1
67.1

3,226.8
2,931.0

295.9
69.2

3,281.4
2,975.4
306.0
68.0

3,328.4
3,011.2
317.3

3,443.4
3,116.2
327.2
67.1

3,517.0
3,180.7
336.2

3,569.7
3,225.4
344.2

69.8

3,388.7
3,067.3
321.4
70.7

64.7

65.9

104.0

106.6

109.9

112.5

114.8

117.3

120.7

123.9

126.5

130.0

132.8

135.4

137.0

139.1

142.3

145.4

6.2
97.8

6.3
100.3

6.3
103.6

6.2
106.3

6.2
108.6

6.1
111.2

6.3
114.5

6.6
117.4

6.9
119.6

7.3
122.7

7.5
125.3

7.5
127.8

7.4
129.5

7.3
131.8

7.3
135.0

7.3
138.1

410.1

417.9

424.0

432.9

439.1

445.8

451.0

454.8

475.1

483.3

492.5

499.8

513.4

520.5

529.0

538.3

159.0
251.1

161.7
256.2

163.7
260.2

168.0
265.0

169.7
269.4

172.5
273.3

174.5
276.5

175.3
279.5

190.1
285.0

192.9
290.5

195.7
296.8

197.2
302.6

204.1
309.3

205.4
315.1

205.9
323.1

209.6
328.7

55

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.7.—Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1987

1988

1989

Line
I
4,375.3

4,483.4

4,537.5

4,612.3

4,695.8

4,770.2

4,891.6

4,957.0

5,066.5

5,151.5

5,258.3

5,379.0

5,461.7

5,527.5

5,588.0

3,709.6

3,762.9

3,809.1

3,862.2

3,939.0

4,002.3

4,100.5

4,150.1

4,246.3

4,317.7

4,410.6

4,511.9

4,581.3

4,631.8

4,678.6

3,620.8
3,271.0
349.8
61.3

Nonfarm 2
Nonfarm less housing .
Housing
Farm

4,415.2

3,682.1

Gross domestic product .
Business1

3,649.8
3,292.7
357.1
59.7

3,696.7
3,334.5
362.1
66.2

3,744.5
3,377.5
367.0
64.6

3,798.6
3,423.0
375.6
63.7

3,875.0
3,494.4
380.7
64.0

3,937.3
3,545.6
391.6
65.1

4,032.9
3,632.6
400.3
67.6

4,078.8
3,671.9
406.8
71.3

4,182.7
3,769.8
412.9
63.7

4,250.3
3,829.4
420.9
67.4

4,357.8
3,924.8
433.0
52.8

4,432.8
3,993.6
439.2
79.1

4,506.7
4,060.0
446.7
74.5

4,558.3
4,101.0
457.3
73.5

4,600.8
4,143.3
457.5
77.8

147.7

152.8

159.3

155.1

168.1

167.3

172.1

185.8

188.2

192.5

197.4

202.4

207.5

212.1

216.8

222.1

Private households
Nonprofit institutions

7.5
140.2

7.7
145.1

7.8
151.5

7.9
147.2

7.8
160.3

7.7
159.7

7.7
164.4

7.7
178.1

7.9
180.2

8.2
184.3

8.5
188.9

B.7
193.7

8.8
198.7

8.9
203.2

9.0
207.8

9.0
213.1

General government3

545.5

552.9

561.2

573.3

582.0

589.4

595.8

605.3

618.7

627.7

636.4

645.3

659.7

668.4

679.0

687.3

Federal
State and local .

211.4
334.1

213.0
339.9

214.7
346.5

216.6
356.7

221.7
360.2

223.2
366.3

225.4
370.4

227.5
377.8

232.5
386.2

234.8
392.9

237.1
399.3

239.0
406.3

245.4
414.2

247.0
421.4

249.0
429.9

248.7
438.6

Households and institutions .

1991

1990

1993

1992

Line
I
5,720.8

Nonfarm 2
Nonfarm less housing .
Housing
Farm

5,844.9

5,847.3

5,886.3

5,962.0

6,015.9

6,080.7

6,183.6

6,276.6

4,845.9

4,873.4

4,862.6

4,878.9

4,943.0

4,987.2

5,040.6

5,125.3

5,201.8

5,262.5

4,704.7
4,237.9
466.8
81.5

Business1

5,800.0

4,786.2

Gross domestic product ...

4,766.1
4,290.0
476.0
79.9

4,793.8
4,305.9
487.9
79.6

4,785.2
4,290.6
494.6
77.4

4,805.3
4,306.7
498.5
73.6

4,867.8
4,363.9
503.9
75.2

4,917.7
4,407.2
510.5
69.5

4,966.1
4,447.4
518.7
74.5

5,046.0
4,527.8
518.2
79.3

5,120.0
4,596.0
524.0
81.8

5,179.7
4,616.3
563.5
82.7

6,345.8

IV

6,521.6

6,596.7

5,378.9

5,412.1

5,477.2

5,525.7

5,656.9

5,300.9
4,764.9
536.0
78.1

5,339.4
4,791.0
548.4
72.7

5,399.3
4,853.0
546.3
77.9

5,462.2
4,913.6
548.6
63.6

5,576.8
5,024.3
552.5
80.1

6,469.8

6,795.5

228.6

235.5

242.9

244.8

249.2

255.8

259.8

265.3

270.2

278.6

282.3

287.1

291.0

295.0

299.3

302.8

Private households
Nonprofit institutions

9.3
219.3

9.5
226.1

9.4
233.4

9.4
235.5

9.1
240.2

9.0
246.7

9.1
250.7

9.3
256.0

9.8
260.5

10.0
268.5

10.3
272.0

10.5
276.6

10.6
280.4

10.7
284.3

10.8
288.5

10.9
291.9

3

706.0

718.5

728.7

739.8

758.2

763.2

768.8

774.8

788.1

796.3

801.0

803.8

818.6

824.5

830.4

835.8

255.4
450.6

258.7
459.8

260.1
468.6

264.7
475.1

275.7
482.4

275.4
487.8

275.9
492.9

276.2
498.7

282.5
505.5

284.2
512.1

283.9
517.1

280.4
523.3

287.2
531.4

286.6
537.9

287.9
542.5

286.2
549.5

Households and institutions

General government
Federal
State and local .

1994

1995

1997

1996

Line

6,887.8

7,015.7

7,096.0

7,217.7

7,297.5

7,342.6

7,432.8

7,529.3

7,629.6

7,782.7

7,859.0

7,981.4

8,124.2

8,279.8

8,390.9

8,478.6

5,735.2

5,851.2

5,923.7

6,036.1

6,100.3

6,137.0

6,218.5

6,304.7

6,388.5

6,530.3

6,596.0

6,709.1

6,833.3

6,977.9

7,077.3

7,153.5

5,641.7
5,062.3
579.4
93.5

5,765.1
5,190.7
574.5
86.1

5,845.0
5,257.4
587.6
78.7

5,960.1
5,362.6
597.4
76.0

6,028.7
5,420.9
607.8
71.6

6,067.5
5,455.3
612.2
69.5

6,147.6
5,530.1
617.6
70.8

6,223.8
5,591.3
632.5
80.9

6,301.6
5,668.3
633.2
86.9

6,435.5
5,797.3
638.2
94.8

6,498.2
5,852.0
646.2
97.7

6,619.8
5,966.2
653.7
89.3

6,744.5
6,085.6
658.9
88.7

6,890.0
6,226.3
663.7
87.9

6,988.5
6,319.8
668.7
88.9

7,065.9
6,390.5
675.4
87.6

306.7

310.4

315.5

320.6

324.1

328.4

332.1

336.7

341.9

346.0

350.5

355.8

357.8

10.9
295.9

11.0
299.4

11.2
304.3

11.4
309.2

11.6
312.5

11.8
316.6

12.0
320.1

12.1
324.6

12.1
329.8

12.0
334.0

12.0
338.6

11.9
343.8

11.7
346.1

General government3

845.9

854.1

856.8

861.0

873.0

877.1

882.3

887.9

899.3

906.4

912.5

916.5

Federal
State and local ...

289.2
556.7

289.9
564.2

286.1
570.8

284.6
576.5

287.0
586.1

286.5
590.7

287.3
595.0

286.4
601.4

292.0
607.2

292.5
613.9

292.6
619.9

290.9
625.6

Gross domestic product .
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions .
Private households ...
Nonprofit institutions .

1. Equals gross domestic product less gross product of households and institutions and of general government.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.7.




364.9

369.4

11.8
349.0

12.1
352.8

12.6
356.8

933.1

941.1

948.7

955.7

296.2
636.9

295.9
645.2

295.4
653.3

294.2
661.5

56

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.8.—Real Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1947-97
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
Line

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

751.5

703.6

611.8

603.3

668.3

728.3

822.5

865.8

835.6

903.5

980.7

1,148.8

1,360.0

1,583.7

1,714.1

1,693.3

555.2

516.8

443.6

434.7

481.1

526.4

593.4

631.5

602.2

656.4

715.3

837.1

965.4

1,069.0

1,131.1

1,112.6

560.2
510.3
50.4
29.3

Nonfarm 2
Nonfarm less housing .
Housing
Farm

1931

613.5

Business1

1930

822.2

Gross domestic product

1929

504.8
454.3
50.1
27.7

458.5
407.5
49.9
32.7

388.9
336.6
49.6
31.8

381.7
331.3
47.9
30.6

435.9
383.8
49.4
24.6

471.5
419.1
49.4
30.2

546.6
493.8
49.2
26.2

574.2
520.5
50.0
31.6

546.4
490.6
52.2
30.7

594.6
537.8
53.0
34.0

659.4
600.8
54.5
30.2

774.9
712.9
57.3
33.6

831.5
62.0
36.3

1,008.5
936.5
65.6
35.4

1,074.4
998.8
68.6
35.0

1,055.7
978.8
70.4
34.8

70.6

68.3

63.7

58.2

56.2

59.9

61.8

64.8

67.3

64.8

67.3

72.2

72.3

74.4

68.7

68.2

68.2

Private househojds
Nonprofit institutions

30.4
27.1

28.4
27.6

25.2
27.2

21.6
26.3

20.6
25.8

23.3
26.1

24.4
26.6

25.9
27.4

27.4
28.0

25.0
28.4

26.8
28.7

28.1
31.5

26.6
33.4

27.1
34.7

22.4
35.7

21.4
36.8

21.2
37.3

General government3

122.9

128.7

131.0

129.3

136.4

154.0

164.2

192.1

183.1

197.6

201.3

210.8

259.5

397.2

653.3

793.2

796.4

26.6
91.5

28.5
95.2

27.3
98.4

26.1
98.0

32.2
98.7

42.9
104.7

47.5
109.7

78.4
103.9

67.9
107.0

76.7
111.4

78.2
113.5

85.5
114.9

130.7
115.8

264.2
114.3

513.2
111.4

650.7
108.9

651.5
111.1

56.6

39.7

35.4

21.8

16.2

13.5

21.4

17.7

33.4

20.6

31.5

35.2

38.5

-10.1

-136.5

-206.1

-211.8

Households and institutions

Federal
State and local
Residual

1954

1955

1956

1957

1958

1959

1960

1,960.5

2,099.5

2,141.1

2,183.9

2,162.8

2,319.0

2,376.7

2,432.0

2,578.9

1,194.0

1,186.2

1,301.6

1,385.8

1,434.9

1,506.6

1,494.4

1,612.6

1,643.5

1,676.0

1,652.9

1,788.0

1,827.9

1,868.1

1,988.1

1,136.2
1,048.5
81.4
36.4

1,132.3
1,040.1
87.1
35.1

1,246.9
1,147.2
93.7
36.9

1,340.3
1,232.8
101.2
35.0

1,386.2
1,271.1
109.4
36.8

1,455.7
1,333.6
116.2
38.6

1,439.9
1,311.4
123.8
39.9

1,558.9
1,422.2
131.2
40.8

1,590.3
1,446.4
138.8
40.8

1,626.3
1,474.1
147.9
39.3

1,600.4
1,440.7
156.8
40.5

1,738.5
1,567.3
167.8
40.2

1,775.1
1,593.4
179.2
42.2

1,815.5
1,624.0
189.8
42.5

1,938.9
1,734.8
202.2
41.7

78.7

89.2

90.0

99.3

104.7

107.3

112.3

115.6

123.5

124.4

129.0

20.5
50.3

20.4
52.7

22.3
55.0

21.9
57.3

20.1
59.7

19.8
62.8

18.6
65.5

22.1
69.8

23.1
73.8

22.6
77.3

23.2
81.8

22.6
86.1

22.8
94.1

22.1
96.1

21.9
101.0

325.2

323.1

327.0

390.1

422.9

430.7

431.1

432.5

440.5

449.6

454.0

460.3

476.3

493.3

512.6

198.5
127.8

136.2

188.4
140.9

247.2
144.6

275.4
149.4

276.7
156.0

162.9

263.4
170.5

260.6
181.1

259.7
191.0

252.4
202.7

250.4
211.1

255.3
222.3

260.8
233.7

271.7
242.3

-22.9

Federal
State and local
Residual

1953
1,973.9

215.7
124.5

General government3

1952
1,887.3

340.3

Nonprofit institutions

1951
1,815.1

20.9
43.6

Private households

1950
1,686.6

73.3

Households and institutions .

1949
1,550.9

1,087.6
1,004.5
77.0
31.8

Nonfarm 2
Nonfarm less housing .
Housing
Farm

1948
1,560.0

1,132.8

Business1

1947
1,495.1

Line
Gross domestic product .

-3.4

-9.6

2.2

-24.9

-34.6

-29.8

-20.5

-23.5

-28.0

-35.3

-26.5

-32.6

-37.0

-36.7

87.4

1961

1962

Households and institutions .
Private households
Nonprofit institutions
General government3
Federal
State and local
Residual

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

3,227.5

3,308.3

3,466.1

3,571.4

3,578.0

3,697.7

3,898.4

4,123.4

4,099.0

4,084.4

4,311.7

4,511.8

4,760.6

4,912.1

2,362.0

2,520.3

2,572.3

2,699.7

2,783.4

2,788.7

2,897.9

3,085.6

3,295.5

3,261.1

3,235.1

3,446.7

3,629.7

3,855.5

3,992.1

2,163.6
1,938.2
222.9
41.5

2,314.5
2,076.0
235.5
43.8

2,478.3
2,227.5
246.9
42.4

2,525.7
2,263.6
259.2
45.2

2,657.6
2,384.8
269.3
43.7

2,740.2
2,455.9
281.4
44.9

2,743.0
2,451.5
289.7
46.3

2,850.0
2,546.7
301.7
48.4

3,040.7
2,721.5
316.6
48.3

3,256.4
2,921.0
331.4
48.1

3,223.9
2,874.6
349.1
47.0

3,177.1
2,825.8
353.1
55.5

3,397.0
3,033.3
362.1
53.3

3,577.7
3,200.8
373.4
56.0

3,810.5
3,412.5
393.4
54.1

3,940.8
3,523.2
414.4
58.3

135.9

140.8

146.0

150.8

155.3

160.3

158.8

162.3

166.9

170.9

172.2

177.7

179.8

185.0

188.4

192.5

21.4
108.9

20.7
115.0

19.9
121.5

20.0
126.3

19.0
132.2

18.0
138.7

16.9
138.7

16.1
143.3

15.6
148.6

15.2
153.2

13.1
157.1

12.3
163.8

12.7
165.4

12.9
170.4

13.3
173.3

11.8
179.5

545.7

564.0

631.5

656.5

673.6

676.4

678.0

677.6

680.5

693.7

704.4

709.9

716.4

729.8

737.2

278.4
286.6

296.8
303.7

316.4
316.4

322.1
335.4

323.5
350.7

310.0
366.2

296.4
381.2

282.9
394.5

272.7
408.1

271.4
422.9

269.5
435.8

269.4
441.5

269.2
448.3

272.3
458.7

271.7
466.9

-33.2

Nonfarm 2
Nonfarm less housing ...
Housing
Farm

1965
3,028.5

276.6
270.2

Business1

1964
2,846.5
2,209.0

Line
Gross domestic product .

-27.5

-31.2

-38.8

-40.4

-41.3

-36.1

-29.6

-26.3

-36.2

-31.4

-26.0

-19.2

-17.0

-13.7

1981

Business1
Nonfarm 2
Nonfarm less housing .
Housing
Farm

1982

1983

1984

1985

1986

1987

1990

1991

1992

1993

1994

1995

1996

5,021.0

4,919.3

5,132.3

5,505.2

5,717.1

5,912.4

6,113.3

6,368.4

6,591.8

6,707.9

6,676.4

6,880.0

7,062.6

7,347.7

7,543.8

7,813.2

4,077.9

Gross domestic product ....

3,970.0

4,168.3

4,518.2

4,700.4

4,865.0

5,035.9

5,251.5

5,440.1

5,523.5

5,475.7

5,668.9

5,838.3

6,111.8

6,295.9

6,556.0

4,005.4
3,551.6
459.3
72.6

3,892.4
3,436.5
465.3
75.7

4,125.4
3,662.2
468.3
50.5

4,454.1
3,970.0
486.4
67.4

4,620.5
4,120.1
502.4
80.7

4,788.7
4,278.6
511.2
77.5

4,958.5
4,433.0
526.3
78.8

5,183.8
4,640.7
543.5
70.2

5,362.5
4,801.5
561.4
79.5

5,440.8
4,869.5
571.8
84.2

5,391.6
4,806.6
586.4
85.6

5,575.3
4,976.6
599.8
95.7

5,753.4
5,154.3
599.5
85.8

6,013.7
5,392.4
621.6
100.3

6,210.3
5,574.2
636.2
85.5

6,463.8
5,820.9
642.8
92.2

202.6

208.4

213.0

218.2

224.9

236.0

247.8

265.5

279.8

291.5

300.9

308.6

319.7

330.9

341.5

348.6

Private househojds
Nonprofit institutions

9.7
192.6

9.3
199.0

9.2
203.8

10.4
207.6

10.1
214.7

10.4
225.5

10.2
237.6

10.6
254.8

11.1
268.6

11.4
280.1

10.5
290.4

11.3
297.3

11.7
308.0

11.8
319.1

12.2
329.3

12.0
336.5

3

751.4

758.6

763.2

772.4

794.3

813.7

831.4

852.8

873.0

895.1

903.6

904.9

906.2

905.6

906.7

908.7

279.8
473.0

283.9
476.0

290.2
474.1

296.5
476.9

304.7
490.6

309.9
504.8

318.0
514.5

321.8
532.1

325.6
548.5

331.4
564.7

333.3
571.2

326.2
579.4

319.7
587.1

309.9
596.1

299.1
607.7

292.0
616.7

-17.6

-26.4

-26.0

-10.0

-6.2

-5.5

-5.1

-5.3

-4.4

-5.2

-7.6

-6.3

-3.5

-3.5

-.4

Households and institutions .

General government
Federal
State and local .
Residual ,

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See footnotes and note at the end of the table.




1946

57

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.8.—Real Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1947-87—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1947

1950

1949

1948

1951

Line

IV
1,481.7

Nonfarm 2
Nonfarm less housing
Housing
Farm

1,489.4

1,493.1

1,516.4

1,537.9

1,562.0

1,568.4

1,571.4

1,549.4

1,545.1

1,562.6

1,546.5

1,610.5

1,658.8

1,723.0

1,753.9

1,773.5

1,803.7

1,114.4

Gross domestic product
Business"

1,128.0

1,132.7

1,155.9

1,173.6

1,196.9

1,201.6

1,203.7

1,184.3

1,180.3

1,196.3

1,183.7

1,241.1

1,280.9

1,334.7

1,349.6

1,362.3

1,377.4

1,068.8 1,093.9 1,067.1 1,120.6 1,129.0 1,130.3 1,142.7 1,142.7 1,135.0 1,124.0 1,141.6 1,128.4 1,179.6 1,221.6 1,286.9 1,299.2 1,324.6 1,333.7
984.1 1,035.7 1,043.0 1,043.3 1,054.5 1,053.4 1,044.6 1,032.7 1,048.7 1,034.3 1,083.4 1,123.2 1,185.9 1,196.4 1,219.8 1,227.1
986.9 1,011.2
77.3
75.8
83.4
79.5
82.0
80.7
89.5
92.8
94.5
87.9
98.2
100.2
78.3
91.1
96.4
76.4
84.8
86.3
37.7
31.4
37.5
32.3
36.9
39.0
35.5
38.2
34.9
35.4
32.3
34.3
29.5
38.5
36.0
28.6
33.5
35.8
74.7
79.1
78.9
77.9
87.7
72.2
72.4
73.9
78.9
79.4
80.4
84.9
85.0
80.6
83.0
85.8
87.5
88.0

Households and institutions

20.9
50.0

20.6
50.3

20.3
50.8

20.1
50.0

20.1
51.7

20.2
52.8

20.5
52.1

20.9
54.2

21.8
54.9

22.2
55.1

22.5
53.8

328.7

327.5

322.2

324.4

326.6

325.7

325.1

323.6

318.1

313.8

318.7

325.0

350.4

359.9

386.2

203.0
126.8

201.8
126.7

196.5
126.8

197.7
127.9

198.1
129.7

194.9
132.3

191.9
135.1

188.0
137.7

180.9
139.7

176.2
140.2

180.4
140.6

186.2
141.1

210.6
141.7

219.1
142.7

243.9
143.9

-22.7

-16.3

4.8

-1.7

-.8

-12.5

-9.7

-7.7

-8.5

6.3

4.1

-6.1

-18.2

-25.0

20.9
42.5

21.2
43.8

21.1
44.7

355.8

340.8

335.9

232.0
121.9

216.9
123.8

210.9
125.5

-30.1

-^30.9

-7.4

20.2
43.6

Private households
Nonprofit institutions
General government3
Federal
State and local
Residual

1952

1951

1954

1953

22.1
57.2

22.4
57.2

22.6
56.3

1955

Line

I
1,839.8

1,992.2

1,979.5

1,947.8

1,938.1

1,941.0

1,962.0

2,000.9

2,058.1

2,091.0 2,118.9 2,130.1

1,508.9

1,522.2

1,510.9

1,484.3

1,476.1

1,478.3

1,495.4

1,527.5

1,578.5

1,606.6 1,629.0

1,636.6

1,368.6

1,254.5

1,462.5 1,434.9 1,421.2
1,345.7 1,339.6 1,310.8 1,295.4

106.5
36.5

108.5
36.4

1,423.8
1,296.3
122.8

1,441.9
1,312.5
124.7

1,472.8
1,341.4

104.3
36,4

1,458.4
1,338.5
113.6
38.5

39.5

126.6
40.4

41.9

1,435.5
132.2
41.9

1,585.4
1,445.9
134.0

39.8

1,526.7
1,392.9
128.5
39.6

1,550.3 1,573.2

1,255.8

1,435.1
1,316.8
112.1
36.2

1,467.1

1,242.8

1,373.0
1,257.1
110.4
38.2

87.9

86.2

85.1

86.4

90.2

90.0

94.2

93.6

98.4

101.0

104.2

21.3
58.8

20.6
61.9

20.2
58.8

19.9
58.1

19.8
59.8

20.1
63.3

19.9
63.3

19.3
68.8

20.9
65.6

21.8
69.2

22.5
70.9

23.0
73.5

409.1

416.9

422.9

426.1

425.6

428.8

261.6
145.3

264.3
146.6

271.2
147.6

276.2
148.6

278.1
150.0

276.0
151.6

277.6
153.2

-25.9

Federal
State and local
Residual

1,976.0

1,480.4

405.1

General government3

1,940.2

1,426.1

21.8
56.1

Private households

1,878.0

1,416.6

86.1

Nonprofit institutions

1,866.2

1,416.7

1,241.5
102.2
37.2

Households and institutions

1,864.7

1,402.1

1,350.0 1,353.1 1,368.2

Nonfarm2
Nonfarm less housing
Housing
Farm

1,843.3

1,401.4

Gross domestic product
Business1

-31.2

-55.4

-37.0

-33.8

-32.1

-28.8

-25.4

115.3
40.5

117.1
37.6

130.3

118.9
37.7

120.9
40.0

87.6

87.6

19.7
62.6

19.3
61.7

18.3
63.4

430.9

432.5

430.7

430.0

430.1

431.5

432.7

432.1

430.1

432.9

435.0

278.0
154.9

277.4
157.0

273.7
158.8

271.3
160.4

269.8
161.9

269.5
163.6

268.5
165.7

266.4
167.1

262.6
168.8

262.7
171.6

261.9
174.4

-31.5

-33.1

-31.6

-32.2

-31.8

-29.8

-22.9

-18.1

-18.4

-22.4

1957

1956

1,414.5

18.6
65.4

18.3
64.3

1959

1958

39.8

1960

Line

2,121.0

2,117.4

2,129.7

2,177.5 2,226.5 2,273.0 2,332.4 2,331.4 2,339.1 2,391.0 2,379.2

1,668.9

1,615.6

1,624.2

1,664.5 1,707.2 1,749.5

1,588.7
1,445.8
137.7
40.9

1,583.6
1,439.0

1,609.5

1,630.0
1,480.6

1,623.2 1,639.3

1,559.2 1,567.3

40.9

42.8

155.6
42.3

103.7

105.3

23.2
72.7

23.1
74.5

437.9
259.3
179.8

-24.1

Federal
State and local
Residual

2,176.0

1,670.7

261.0
176.1

General government3

2,177.7

1,676.2

435.8

Nonprofit institutions

2,182.7

1,666.3

23.1
72.0

Private househojds

2,170.4

1,637.0

102.8

Households and institutions

2,135.3

1,642.1

1,579.4
1,438.5
135.7
38.7

Nonfarm2
Nonfarm less housing
Housing
Farm

2,137.7

1,628.7

Gross domestic product
Business1

-21.7

2,198.9

1,485.8

144.5
37.6

1,472.0
146.8
38.2

1,613.0
1,457.9

149.0
39.0

106.8

107.3

107.1

23.0
76.2

22.7
77.4

22.6
77.3

442.7

445.5

446.9

261.0
182.9

261.2
185.5

261.0
187.1

-25.9

-22.9

-28.2

1,462.6
142.0
139.8

1960

1,613.6
1,452.8
157.9

1,661.4
1,497.8
160.3

39.9

1,803.1

1,845.7

1,829.6

1,751.6
1,575.8

1,780.6

172.8
41.4

1,800.5
1,621.9
175.3
38.5

1,800.9

1,578.5
169.6
39.1

1,532.1

1,582.6

37.9

163.0
40.6

166.0
39.8

112.3

111.9

113.3

1153

116.1

117.7

120.9

124.1

23.2
81.8

23.0
81.9

22.5
83.9

22.9
85.4

22.5
86.8

22.5
88.4

22.1
92.4

22.8
94.7

451.3

456.9

459.4

457.0

458.7

461.2

464.3

469.0

476.7

251.1
201.3

253.4
204.6

253.3
207.3

249.9
208.3

250.1
209.8

250.4
212.0

251.2
214.4

252.7
217.5

257.3
220.7

-35.8

-36.1

-35.0

-27.3

-24.2

-27.5

-27.4

-29.4

-04.4

1,409.3

151.3
42.3

1,403.2
153.3
42.0

107.1

107.4

111.7

113.4

22.6
77.3

22.7
77.4

23.2
81.0

23.2
82.7

449.3

452.6

449.5

448.2

261.2
189.3

261.5
192.3

255.1
195.5

251.7
197.6

-29.7

-28.6

-26.2

-34.6

1962

1961

1,798.4

1,698.5 1,752.5 1,751.4

1963

1,600.3
177.5
40.3

1964

Line

Gross domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local
Residual
See footnotes and note at the end of the table.




2,383.6

2,352.9

2,366.5

2,410.8

2,450.4

2,500.4

2,544.0

2,571.5

2,596.8

2,603.3

2,634.1

2,668.4 2,719.6 2,739.4 2,800.5 2,833.8 2,872.0 2,879.5

1,833.0

1,803.1

1,812.6

1,852.1

1,884.5

1,923.5

1,960.2

1,982.7

2,002.3

2,007.4

2,032.9

2,060.7 2,103.2 2,119.4 2,172.1 2,197.8 2,231.0 2,235.1

1,777.5
1,594.8
180.3
43.7

1,742.0 1,755.4 1,799.5 1,833.3 1,873.8 1,913.5 1,932.4 1,952.6 1,957.3 1,979.4 2,010.0 2,055.0 2,071.8 2,130.0 2,155.0 2,184.3 2,184.9
1,556.8 1,567.8 1,609.7 1,640.8 1,677.5 1,714.7 1,729.8 1,747.0 1,747.9 1,768.5 1,797.0 1,839.0 1,853.3 1,909.0 1,931.3 1,957.7 1,954.8
211.2
200.7
186.2
194.4
218.5
183.8
190.6
196.6
213.9
209.3
188.1
203.7
207.9
216.5
221.1
224.0
228.0
42.2
43.1
44.5
41.4
39.4
46.4
42.2
41.9
40.1
44.3
42.1
42.3
42.0
39.9
42.3
44.2
42.3

123.7

125.3

125.5

123.1

123.1

126.1

126.9

127.6

130.5

130.9

130.9

131.2

132.8

133.6

134.4

137.4

135.6

136.0

23.0
93.9

23.1
95.5

23.4
95.2

21.6
95.5

21.2
96.1

22.3
97.7

22.4
98.2

21.4
100.5

21.9
102.6

22.0
102.9

22.1
102.8

21.6
103.8

21.9
105.1

21.0
107.2

21.2
107.7

22.4
109.1

21.6
108.4

20.5
110.4

478.2

481.2

486.0

494.8

503.5

507.7

511.6

514.9

516.2

520.2

525.6

531.5

534.0

538.3

543.7

548.2

552.6

255.4
224.1

255.6
226.8

256.3
230.9

257.8
232.2

261.1
235.0

268.0
236.9

271.4
237.8

272.3
240.7

272.4
243.8

270.6
246.8

271.7
249.8

274.1
252.7

275.7
257.0

274.9
260.2

274.8
264.6

276.3
268.5

277.7
271.5

277.5
276.2

-31.6

-35.1

-37.8

-36.4

-36.3

-37.8

-37.2

-36.1

-36.7

-37.1

-34.4

-35.1

-35.2

-35.7

-34.7

-34.8

-31.2

-32.1

58

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.8.—Real Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1967

1966

1965

1969

1968

Line

2,950.1

3,261.8

3,291.8

3,289.7

3,313.5

3,338.3

3,406.2

3,464.8

3,489.2

3,504.1

3,558.3

2,522.1

2,540.1

2,562.7

2,557.9

2,574.3

2,594.5

2,652.2

2,699.2

2,717.0

2,730.4

2,777.1

2,781.5

2,284.9
2,048.5
233.6
42.1

2,330.1
2,090.1
237.1
45.0

2,393.1
2,149.3
240.4
44.6

2,461.8
2,215.1
242.5
43.6

2,471.1
2,222.3
244.8
42.1

2,484.7
2,232.3
248.6
40.1

2,495.7
2,240.4
251.8
43.8

2,513.3
2,255.3
254.7
46.6

2,510.1
2,249.9
257.3
45.7

2,528.6
2,265.0
260.9
44.7

2,550.7
2,284.1
264.0
43.8

2,609.7
2,340.3
266.1
43.5

2,657.8
2,386.5
267.4
43.3

2,675.2
2,401.4
270.1
43.7

2,687.8
2,410.9
273.5
44.2

2,734.8
2,454.5
276.5
44.5

2,738.8
2,455.5
280.0
44.7

139.9

141.7

142.8

144.9

143.6

147.1

148.2

149.3

150.5

151.5

151.9

150.6

154.9

157.5

158.2

158.4

159.7

20.5
114.3

21.0
115.5

21.2
116.3

20.3
119.8

18.9
120.5

20.1
122.4

20.3
123.2

20.4
124.3

20.3
125.5

19.8
127.3

19.6
128.0

18.9
127.6

19.6
130.9

19.3
134.2

18.3
136.2

18.2
136.4

18.1
137.9

559.6

567.2

575.8

583.2

592.7

604.9

616.6

623.9

627.3

635.2

639.4

648.4

655.9

660.9

660.9

666.4

671.7

276.3
284.3

278.8
289.5

282.9
293.9

287.2
297.0

292.5
301.3

300.4
305.6

307.1
310.7

314.5
310.8

315.2
313.6

318.1
318.5

317.8
322.8

320.1
329.4

323.6
333.4

324.3
337.5

320.5
341.1

322.0
345.1

323.7
348.7

-28.8

Federal
State and local
Residual

3,233.6

2,512.6

275.7
278.8

General government3

3,213.2

2,506.5

553.5

Nonprofit institutions

3,201.1

2,441.0

20.1
113.9

Private househojds

3,123.6

2,379.8

138.9

Households and institutions

3,050.7

2,329.7

2,249.7
2,016.3
230.7
43.4

Nonfarm2
Nonfarm less housing
Housing
Farm

2,989.9

2,297.5

Gross domestic product
Business1

-29.7

-26.3

-25.0

-24.4

-29.2

-35.9

-35.5

-34.8

-37.8

-40.8

-41.8

-39.7

-39.9

-41.3

-40.6

-38.9

-41.0

1969

1971

1970

1972

3,567.6

1973

Line

3,588.3

3,566.5

3,573.9

3,605.2

3,566.5

3,666.1

3,686.2

3,714.5

3,723.8

3,796.9

3,883.8

3,922.3

3,990.5

4,092.3

4,133.3

4,117.0

4,151.1

2,778.5

2,777.5

2,785.4

2,815.1

2,777.0

2,868.4

2,888.6

2,913.8

2,921.0

2,991.9

3,074.0

3,107.2

3,169.5

3,267.9

3,306.2

3,289.3

3,318.7

2,753.0
2,467.0
283.0
45.1

Nonfarm 2
Nonfarm less housing
Housing
Farm

3,571.4

2,796.4

Gross domestic product
Business1

2,734.4 2,732.9
2,446.3 2,444.1
285.9
286.7
45.4
45.6

2,740.0
2,450.0
288.0
46.1

2,769.5
2,476.9
290.5
46.5

2,729.5
2,435.1
293.6
47.2

2,821.1
2,522.9
296.2
47.7

2,840.4
2,539.2
299.3
48.4

2,865.5
2,560.5
303.3
48.7

2,873.1
2,564.0
308.0
48.6

2,952.1
2,638.6
311.6
44.9

3,028.5
2,711.0
314.7
48.6

3,062.8
2,742.0
318.0
48.3

3,119.5
2,794.2
322.2
51.6

3,232.5
2,902.4
325.5
46.5

3,267.4
2,933.5
329.3
48.1

3,262.7
2,925.5
333.3
44.2

3,263.2
2,922.6
337.4
53.4

161.3

Federal
State and local
Residual

157.2

159.0

161.6

161.0

162.4

164.1

164.9

166.5

168.4

167.9

168.7

170.7

171.9

172.3

16.8
138.7

16.5
137.6

16.7
139.1

16.7
141.8

15.8
142.5

15.9
143.6

16.0
145.2

16.0
146.1

15.9
147.9

15.6
150.1

15.1
150.2

15.1
151.1

15.0
153.3

15.2
154.1

15.4
154.2

679.4

675.8

675.9

676.7

677.4

678.4

677.2

677.9

678.6

675.7

675.0

677.7

681.8

679.8

679.2

679.6

683.4

323.3
356.6

315.6
360.3

311.6
364.2

308.2
368.3

304.9
372.1

302.2
375.7

297.9
378.8

294.5
382.9

290.8
387.3

286.2
389.1

282.0
392.7

281.4
396.2

281.8
399.9

277.2
402.7

273.4
406.1

270.2
409.8

270.1
413.8

-42.1

General government3

158.7

17.4
139.4

325.1
352.3

Nonprofit institutions

160.2

17.8
140.6

676.9

Private households

161.9

17.9
140.0

Households and institutions

^4.5

-42.6

-41.5

^39.3

^2.2

-37.1

-35.7

-34.9

-36.1

-35.6

-29.0

-29.3

-24.5

-28.2

-25.4

-35.3

-15.8

1974

1976

1975

1977

Line

Gross domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private househojds
Nonprofit institutions

4,119.3

4,130.4

4,084.5

4,062.0

4,010.0

4,045.2

4,115.4

4,167.2

4,266.1

4,301.5

4,321.9

4,357.4

4,410.5

4,489.8

4,570.6

4,576.1

3,283.4

3,291.9

3,246.3

3,222.6

3,168.0

3,198.3

3,262.3

3,311.7

3,404.6

3,439.0

3,455.6

3,487.6

3,535.8

3,611.2

3,685.0

3,686.9

3,249.0
2,903.4
343.8
46.3

3,252.1
2,902.8
348.0
48.4

3,209.3
2,858.5
351.3
46.7

3,185.3
2,833.5
353.3
46.6

3,115.7
2,766.9
351.8
52.3

3,139.2
2,789.6
352.1
55.7

3,200.0
2,847.8
353.4
57.8

3,253.6
2,898.8
355.2
56.1

3,354.5
2,995.6
357.2
53.1

3,389.3
3,027.1
360.3
53.2

3,407.3
3,042.1
363.6
52.7

3,437.0
3,068.3
367.2
54.1

3,485.5
3,112.3
371.4
54.2

3,563.6
3,188.7
371.3
53.3

3,635.5
3,257.5
373.2
54.8

3,626.1
3,244.8
377.6
61.5

172.2

172.2

172.7

171.6

173.7

177.3

180.2

179.6

180.4

178.9

180.1

180.0

183.6

183.7

185.3

187.6

15.2
154.6

13.6
156.5

12.2
158.8

11.6
158.6

11.8
160.3

12.6
162.9

12.5
166.0

12.2
165.8

13.5
164.8

12.6
164.5

12.4
166.0

12.2
166.2

12.3
169.7

12.7
169.3

13.1
170.4

13.5
172.2

692.4

694.4

698.2

702.8

703.8

705.2

705.7

707.3

708.1

710.7

713.4

713.7

714.3

717.7

719.8

272.2
418.1

271.8
421.2

270.6
424.5

271.0
427.9

270.4
433.3

269.5
435.3

269.1
437.0

269.0
437.7

269.4
438.8

269.3
439.8

269.3
442.4

269.4
445.1

268.8
446.0

268.9
446.5

269.7
449.2

269.5
451.5

-34.3

-31.9

-38.1

-40.5

-36.8

-32.5

-28.2

-27.6

-26.3

-25.3

-26.6

-25.1

-24.2

-20.9

-17.3

-14.5

General government3
Federal
State and local
Residual .
"

1979

1978

1980

1981

IV
Gross domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local
Residual
See footnotes and note at the end of the table.




4,588.9

4,765.7

4,811.7

4,876.0

4,888.3

4,891.4

3,695.4

3,863.3

3,902.6

3,960.5

3,970.9

3,648.9
3,258.9
388.1
53.5

3,818.7
3,422.2
391.2
54.0

3,852.1
3,452.5
394.1
57.2

3,922.1
3,516.3
400.1
51.9

3,923.1
3,510.8
408.1
56.4

187.5

188.3

188.6

13.6
171.9

13.3
173.2

13.2
173.5

12.9
174.5

724.5

726.2

732.0

271.4
454.3

272.3
455.2

273.2
460.0

-22.8

-15.7

-12.0

IV

4,926.2

4,942.6

4,958.9

4,857.8

3,974.2

4,005.9

4,017.1

4,028.5

3,925.2
3,511.1
410.5
57.1

3,952.3
3,533.7
415.5
59.6

3,962.5
3,537.3
423.5
60.3

3,978.4
3,545.9
432.5
57.9

190.1

191.5

194.1

194.1

12.4
176.2

11.5
178.9

11.9
181.0

11.4
181.7

736.4

737.2

735.4

735.2

272.4
465.4

271.9
466.8

271.6
465.3

271.8
464.8

-17.5

-14.3

-14.6

-12.1

4,850.3

4,936.6

3,927.5

3,918.2

3,876.0
3,438.5
442.4
58.4

3,873.0
3,434.6
443.6
54.3

195.8

196.6

10.8
184.2

10.5
185.4

740.9

744.8

271.5
470.9

273.1
473.2

-14.0

-18.7

5,032.5

4,997.3

5,056.8

4,997.1

4,002.0

4,092.6

4,057.8

4,110.8

4,050.3

3,956.5
3,511.9
448.9
55.3

4,035.2
3,584.1
454.9
62.7

3,989.7
3,537.2
458.1
69.2

4,028.1
3,573.4
459.8
79.6

3,968.6
3,511.8
464.4
78.8

199.4

200.5

201.9

201.7

202.3

204.3

10.2
188.6

10.2
189.7

10.2
191.2

9.7
191.7

9.5
192.5

9.3
194.8

749.1

749.0

746.9

747.6

748.9

753.5

755.6

276.8
473.8

277.1
473.3

275.8
472.5

278.0
470.9

279.1
471.1

280.6
474.2

281.2
475.8

-28.0

-31.4

-27.7

-19.5

-18.8

-12.8

-19.0

59

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.8.—Real Gross Domestic Product by Sector: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1982

1983

1985

1984

Line

4,972.4

3,886.3
3,429.9
466.1
74.2

4,915.6
3,964.0
3,885.4
3,429.6
465.4
76.6

207.9

209.6

9.4
196.3
757.1

9.4
198.3
759.1

281.8
476.7

283.0
477.4

-25.7

-25.3

4,015.9

5,089.8
4,127.6

3,946.8
3,491.3
463.2
68.7

210.3

9.3
200.3
758.8

4,914.3

Private households
Nonprofit institutions
General government3
Federal
State and local
Residual

3,961.9

3,908.5
3,453.4
463.8
75.5

205.9

Households and institutions .

4,912.1

3,985.6

3,889.4
3,433.1
466.0
76.7

Nonfarm 2
Nonfarm less housing .
Housing
Farm

4,935.5

3,968.3

Gross domestic product
Business1

5,180.4

5,286.8

5,402.3

5,493.8

5,541.3

5,583.1

5,629.7

5,673.8

5,758.6

5,806.0

4,213.3

4,316.3

4,425.9

4,510.1

4,550.6

4,586.4

4,626.3

4,662.9

4,735.9

4,776.4

4,081.2
3,622.1
464.4
52.4

4,187.6
3,722.4

4,286.0
3,813.1
476.5
42.5

4,369.2
3,892.4
479.4
61.7

4,446.1

4,484.1

3,998.4

4,516.9
4,020.7

478.8
67.2

487.8

499.5

69.2

71.6

498.8
76.0

4,585.2
4,088.3
499.0
78.4

4,649.4

3,968.5

4,551.3
4,055.1

469.2
38.3

4,147.4
503.8
87.0

4,696.1
4,189.7
508.1
81.2

211.2

212.4

213.7

214.8

215.8

217.5

218.4

221.0

221.6

223.4

225.7

228.9

9.1
201.2

9.1
202.1

9.0
203.5

9.1
204.5

9.5
205.3

9.9
205.8

10.6
207.6

10.6
210.1

10.4
211.1

10.1
213.2

10.0
215.5

10.0
218.8

759.6
286.1
474.7

762.2

763.2

764.4

763.2

765.4

775.5

779.0

784.6

790.3

799.4

284.7
475.3

288.3
475.1

289.7
474.5

291.4
474.0

291.5
472.8

293.6
472.8

10.3
206.9
769.7
295.7
475.0

297.7
478.7

298.9
481.1

301.3
484.2

303.9
487.4

306.5
493.9

802.9
306.9
497.0

-27.7

-27.1

-25.4

-25.8

-28.5

-24.4

-13.3

-8.7

-9.4

-7.2

-6.5

-5.5

-5.7

6,633.5
5,470.1
5,391.2

1987

1989

1988

Line

6,579.4
5,431.8

5,284.7
4,731.0
554.1
54.5

4,794.7
560.8
78.6

6,610.6
5,454.4
5,378.0
4,810.9
567.8
78.4

6,013.3

6,077.2

6,128.1

6,234.4

5,005.7

5,048.0

5,141.4

6,275.9
5,171.1

6,349.8

4,948.5

5,238.3

6,382.3
5,262.4

6,465.2
5,334.1

4,872.1
4,353.1
520.0
77.7

4,930.9

512.3
78.5

519.8
76.3

4,970.3
4,440.5
530.8
79.1

5,060.8
4,526.8
534.7
82.1

5,087.5
4,552.2
535.9
85.0

5,166.0
4,626.5
539.7
74.0

5,197.1
4,653.1
544.3
67.6

5,883.3

4,822.4

4,839.9

5,937.9
4,887.7

4,743.2
4,235.7
508.8
80.4

Nonfarm 2
Nonfarm less housing .
Housing
Farm

6,543.8
5,404.3
5,325.7
4,769.1
556.9
80.1

5,969.5
4,909.8
4,835.4
4,322.9
513.3
75.9

5,858.9

Gross domestic product .
Business1

4,766.1

4,810.4

4,256.9

4,299.1

510.3
75.2

4,411.6

5,355.1

4,831.1
560.3
80.8

231.8

235.0

237.0

240.2

242.1

244.8

250.3

254.0

259.1

263.1

267.6

272.0

275.4

278.7

281.1

283.9

Private households
Nonprofit institutions

10.2
221.5

10.4
224.5

10.5
226.4

10.6
229.5

10.4
231.7

10.2
234.5

10.1
240.2

10.1
243.8

10.4
248.7

10.5
252.6

10.7
256.8

10.9
261.1

11.0
264.3

11.1
267.6

11.2
269.9

11.2
272.7

General government3

806.7
308.5
499.3

810.8

815.2

822.1

825.0

828.5

831.8

840.5

847.5

853.9

860.4

864.8

869.8

876.4

881.1

309.1
502.8
-5.9

310.5
505.8

311.7
511.4

314.6
511.5

316.1
513.5

319.5
513.4

321.8
519.8

321.8
526.8

320.4
530.3

321.5
533.5

323.6
537.9

323.7
542.1

324.6
546.2

326.4
551.0

327.5
554.6

-5.2

-5.8

-5.7

-4.8

-5.5

-4.9

-4.2

-5.2

-7.9

-4.2

-5.0

-4.7

Households and institutions .

Federal
State and local

-5.5

Residual

1991

1990

1992

1993

Line

IV

588.3
97.7

6,899.7
5,686.6
5,590.6
4,962.5
630.4
98.2

93.8

5,680.7
5,077.6
604.0
89.4

91.1

7,062.0
5,836.0
5,762.6
5,165.0
597.9
72.9

306.9

309.1

312.1

315.0

318.1

321.6

324.2

11.0
295.2

11.2
295.6

11.4
297.8

11.5
300.6

11.6
303.3

11.7
306.4

11.7
309.9

11.7
312.5

901.8

903.9

904.6

906.8

907.3

906.1

904.7

328.7
576.0

327.0
578.3

906.2
325.5
581.4

904.9

329.6
573.0

323.7
581.9

323.4
584.0

321.2
586.7

319.0
587.6

315.1
590.0

-6.6

-6.0

-7.5

-4.7

-4.6

-4.3

-2.0

-2.8

6,716.3

6,668.5

6,684.9

6,720.9

6,783.3

6,846.8

5,432.3

5,468.1

5,484.3

5,518.3

5,576.0

5,637.8

5,469.6
4,900.9

5,447.3
4,874.0
573.8
84.0

5,386.0

5,384.4
4,801.7
584.0
85.0

5,402.4
4,815.0
588.8
83.2

5,485.0

4,900.5

5,542.3
4,954.7

578.6
86.8

5,347.0
4,767.9
580.4
86.7

5,432.6
4,841.7

569.0
82.4
289.8

293.7

296.2

297.7

299.7

301.9

11.4
275.0

11.6
278.2

11.2
285.0

10.6
287.1

10.4
289.3

10.4
291.5

899.9

905.6

904.6

902.3

330.9
563.3

11.4
282.3
898.3
332.2
567.1

304.1
10.6
293.5

330.4
559.6

332.0
568.8

337.2
569.5

334.7
570.9

331.6
571.6

-4.1

Nonprofit institutions

6,631.4

5,471.5

83.4

Private households

6,664.2

5,530.0

286.4

Households and institutions .

6,719.4

5,550.4

5,460.5
4,894.8
565.8

Nonfarm 2
Nonfarm less housing ...
Housing
Farm

6,731.7

5,542.3

Gross domestic product .
Business1

-4.6

-5.4

-6.6

^8.0

-7.5

-7.2

-7.4

893.3

General government3
Federal
State and local
Residual

1994

592.4
87.5

585.5

93.0
306.3

6,988.7

7,031.2

5,775.3

5,768.9

5,807.5

5,683.3
5,088.7
595.1

5,717.8
5,120.6

1996

1995

597.8

7,168.7
5,940.9

5,852.4
5,254.2
598.2
89.8

1997

Line

Gross domestic product .
Business1

5,998.9

Nonfarm 2
Nonfarm less housing
Housing
Farm

5,897.5

7,330.2
6,096.1
5,996.9
5,384.5

7,370.2

7,461.1

7,488.7

7,503.3

6,131.6

6,220.6

6,243.2

6,254.1

6,033.2
5,410.3

6,127.2

6,154.9
5,521.2
633.9

7,561.4
6,310.4
6,228.6
5,594.6
634.1
80.8

7,621.9
6,375.9
6,290.1
5,646.9
643.4
85.3

7,676.4
6,431.7

6,341.9

7,802.9
6,543.3

7,841.9

6,450.6
5,810.1
640.5

6,581.0

7,931.3
6,667.9
6,574.2
5,926.8
647.4
93.7

8,016.4

8,131.9

8,216.6

6,748.1

6,857.1

6,934.5

8,272.9
6,987.5

6,649.1
6,000.7
648.5
99.3

6,755.9
6,107.3
648.7
101.6

6,827.8
6,179.4
648.5
108.0

6,882.7
6,232.5
650.3
105.4

Private households ...
Nonprofit institutions .
General government

3

Federal

State and local .
Residual ,

103.6
326.1

612.4
101.4

623.1

100.9

5,498.6
628.7
95.1

88.9

6,167.5
5,534.1
633.6
86.7

92.7

6,488.3
5,844.0
644.3
92.7

329.0

332.7

335.8

338.3

340.8

342.7

344.3

345.1

347.2

349.7

352.3

355.2

358.8

362.6

365.6

11.7
314.4

11.7
317.3

11.9
320.9

12.0
323.8

12.2
328.5

12.3
330.3

12.3
332.0

12.2
332.8

12.1
335.0

11.9
337.8

11.8
340.5

11.6
343.6

11.5
347.3

11.7
350.9

12.1
353.4

905.3

906.4

905.0

908.8

911.2

911.1

913.0

916.2

919.6

920.1

309.0
597.6

304.9
600.3

303.1
604.7

302.2
606.7

908.5
300.5
608.1

912.5

314.3
591.4

905.8
311.2
594.9

12.1
326.2
907.6

290.5
611.2

291.2
608.6

294.2
618.3

292.9
618.4

289.8
621.4

289.4
623.7

627.6

288.2
631.4

285.4
634.6

-42

Households and institutions .

1. Equals
2. Equals
3. Equals
as shown in

7,229.4

-3.2

-3.5

-2.3

-1.4

_J

.7

-.1

-.1

-.7

-1.5

5,276.1
622.1

gross domestic product less gross product of households and institutions and of general government.
gross domestic business product less gross farm product.
compensation of general government employees plus general government consumption of fixed capital
table 3.8.




5,702.9
639.1
89.6

901.8

NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.14.

60

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-57
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1929

1930

1931

1932

1933

1934

1936

1935

1937

1938

103.7

58.8

56.4

66.0

73.3

83.7

91.9

1.0
.3

.8
.3

.5
.2

.4

.4
.2

.5
.2

.6
.3

92.0

77.1

59.2

84.0

92.3

8.6
7.7
7.0
-.7
.9
.8
.1

7.6
6.8
6.5
-.2
.8
.7

7.7
6.6
6.0
-.6

1.1
.9
.2

1.1

51.6

58.6

.9
.2
66.0

7.9
6.7
6.1
-.6
1.2
1.0
.2

68.5
6.9
.4

7.2
6.3
6.2
-.2
.9
.8
.1
49.5

66.3
7.7
6.6
6.0
-.6

73.7

9.2
8.3

6.8
.5
.5
.1

7.1
.4
.7
.1

7.8
.4
.5
.4

8.2
.4
-.1
.5

41.4

50.2

-.3

2.3

3.9
.1
0
5.5
2.6

1.3
.5

3.9
.1
0
5.4
2.0
1.3
.4

1.3
.4

2.8
1.6
.4

-1.4

.9
.8

.1

.1

95.1
7.1
.4

Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.

7.1
-1.2

.9
.8

Equals: Net national product

82.8
7.2
.4
-.3
0

.1

86.8
10.6

Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

75.6
7.3

60.4
2.8

43.9

4.6
.1
0
6.8

Equals: National income

1939

.7
.3

9.4
8.4
7.0

Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises

76.6

104.5

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

91.3

1.1
.4

Gross domestic product

4.8
.1
0
6.3

4.8
.1
0
6.3

4.4
.1
0

5.9
2.5

.1
56.7

1941

1942

1943

1944

1945

1946

101.3

126.7

161.8

198.4

219.7

.7
.3

.6
.2

.7
.2

.7
.2

.7
.3

.8
.3

86.5

92.5

101.7

127.2

162.2

198.8

220.1

223.4

223.0

7.5
6.2
-1.3
1.3
1.1
.2

9.2
7.8
6.3
-1.5
1.4
1.2
.2

9.1
7.7
6.4
-1.3
1.4
1.2
.2

9.6

11.1
9.0
7.3

16.4
10.1
8.9
-1.2
6.3
6.0
.3

19.4
10.4
9.8
-.6
9.0
8.7
.3

21.0
10.7
10.2
-.5
10.2
9.9
.3

23.6
12.7

1.8
.3

13.7
10.1
8.4
-1.7
3.5
3.2
.3

76.1

83.5

77.3

83.3

92.1

116.1

148.6

182.4

200.7

202.4

8.7
.4
1.3
.2

9.2
.4
.1
.2

9.2
.3

9.4
.3

10.1
.3
1.2
.6

11.4
.3
.5
.3

11.9
.4

12.8
.4

14.2
.4
2.6

15.6
.5
4.0

57.9

65.8

74.0

67.4

104.3

6.7

4.6

9.5

15.0

137.6
20.0

171.4

5.9

72.9
6.2

81.1

3.8

24.5

3.9
.1
0
5.5

3.7
.3
0
5.3
4.5
2.7
.4

3.6
1.5
0
5.4
4.7
1.6
.4

3.5
1.6
0
5.3
3.2
2.1
.3

3.5
1.8
0
5.3
3.8
2.2
.3

3.2
1.9
0
5.3
4.0
2.4
.3

3.2
2.3
0
5.4
4.4
2.3
.3

3.1
2.9
0
5.3
4.3
2.3
.4

73.1

78.6

96.3

90.6
91.0
82.9

100.1
100.5
91.8

126.2
126.7
115.6

5.8
.8
.4

5.5
.9
.4

Equals: Personal income

85.3

76.5

65.5

50.0

46.9

53.8

60.5

Addenda:
Gross domestic income
Gross national income
Net domestic product

102.9
103.6
94.4

91.6
92.3
82.1

75.7
76.2
68.0

58.4
58.7
51.2

55.8
56.1
49.2

65.5
65.8
58.4

73.4
73.7
65.6

1949

1950

1951

4.1
1.9
.4

1940

92.0

86.1

6.6

91.8
92.2
83.1

85.3
85.7
76.9

-1.7
2.0

-1.4
1.5

1.3
.2

1.4
.7

74.3
82.4
82.7
75.8

8.1

223.0

222.3
1.1
.4

8.9
-3.8
11.0

10.6
.3
199.4

1.0

17.2
.4
.7
1.2

184.3

183.3

182.3

24.6

20.1

2.7
3.8
.2
5.2
4.4
2.1
.4

2.3
4.3
-.2
5.3
4.6
2.7
.4

2.1
5.3
0
6.0
4.6

1.8
6.6
0
6.8
5.6

5.1
.5

10.1
.4

123.8

152.4

166.3

171.9

179.5

162.6
163.1
148.1

200.1
200.6
182.0

217.0
217.5
200.3

219.0
219.4
202.1

221.6
222.4
198.7

-1.7
.4

1954

1955

1962

1963

244.4

269.6

267.7

294.3

339.5

358.6

379.9

381.1

415.2

438.0

461.5

467.9

507.4

527.4

545.7

586.5

618.7

1.6
.4

2.0
.5

1.9
.6

2.2
.7

2.8
.8

2.9
.8

2.9
.9

3.1
.9

3.5
1.0

4.0
1.1

3.9
1.2

4.3
1.5

5.0
1.8

5.4
1.8

6.1
1.8

6.6
2.1

245.6

271.1

269.0

295.8

341.5

360.7

381.9

383.3

417.8

440.8

4.3
1.2
464.7

470.7

510.3

530.6

549.3

590.7

26.2
15.5
10.9
-4.6
10.7
10.3
.4

28.1
18.4
13.0

29.7
21.7
16.7
-5.0
8.0
7.5
.5

33.7
25.0
19.1

-6.3
9.7
9.3
.5

28.8
20.0
15.0
-5.0
8.8
8.3
.5

36.2
26.6
21.1
-5.5
9.6

38.6
28.1
23.5
-4.6
10.5
9.8
.7

40.5
29.3
25.7
-3.6
11.2
10.5
.7

42.8
31.0
28.8
-2.2
11.8
11.1

47.3
34.4
31.3
-3.1
12.9
12.0
.9

51.1
37.3
34.0
-3.4
13.7
12.8
.9

52.8
38.8
35.5
-3.2
14.0
13.0
1.0

54.8
40.2
37.8
-2.4
14.6
13.6
1.0

56.9
41.8
39.9
-1.9
15.2
14.1
1.1

58.5
42.8
41.6
-1.2
15.7
14.6
1.2

61.0
44.3
46.2
1.8
16.7
15.4
1.2

623.2
63.6
46.0
49.0

219.4

243.0

240.2

266.1

307.8

324.5

375.0

393.6

413.6

417.9

455.5

473.6

490.8

529.7

559.6

20.3
.4
-.7
.3

21.5
.4
1.8
.3

23.5
.5
1.7
.6

25.3
.7
3.9
.7

27.8
.8

343.4
29.8

342.8

18.6
.4
2.1
.2

29.7
.8
3.9
-.1

32.3
.9

35.1
1.0

37.6
1.1

38.7
1.1
1.7
.9

41.9
1.4

45.5
1.4
-.6
.2

48.1
1.5
-.2
1.2

51.7
1.6
.7
1.4

54.7
1.8
-.4

198.6

223.3

241.0
35.4

293.3

308.2

358.7

375.0

377.3

442.5

477.1

504.4

38.4

38.7

48.5

47.4

47.0

42.4

411.5
53.7

427.5

40.4

308.4
37.9

338.5

30.8

216.7
28.6

278.7

23.5

52.3

53.5

61.6

67.6

2.4
5.6
0
7.8
6.3
10.4
.4

2.4
4.6
0
8.3
7.0
9.9
.4

2.6
4.9
0
9.0
7.2
10.9
.4

3.0
5.5
0
10.0

3.5
6.6
.1

4.4
7.1
-.1

7.7
11.4
0
19.4
11.7
18.1
1.1

9.4
11.4
0
21.0
11.6
22.2
1.1

9.7
13.8
0
23.0
12.6
22.9
1.3

12.4
17.0
0

15.6
10.5
14.8
.9

6.6
10.0
0
17.4
11.3
15.6
1.0

10.7
16.4
0

10.5
.7

5.3
8.1
0
14.3
9.3
13.7

6.0
9.1
0

8.8
13.4
.5

3.8
6.9
0
11.5
8.6
11.0

25.6
13.4
24.4
1.3

27.3
13.9
28.1

15.2
21.7
0
33.0
16.2
30.3

1.4

14.1
19.1
0
30.2
15.0
28.8
1.5

Equals: Personal income

192.1

211.1

208.2

229.9

258.7

276.1

292.6

295.2

316.8

340.0

359.3

370.0

394.0

412.7

430.3

457.9

1.7
481.0

Addenda:
Gross domestic income
Gross national income
Net domestic product

242.4
243.6
218.3

270.3
271.8
241.5

265.8
267.2
238.8

292.6
294.1
264.6

335.7
337.6
305.9

355.5
357.6
322.4

375.4
377.4
341.4

377.2
379.4
340.6

412.1
414.7
372.4

438.8
441.7
390.7

460.9
464.0
410.4

466.2
469.0
415.2

506.6
509.5
452.6

527.9
531.1
470.4

545.8
549.5
487.1

585.8
590.0
525.5

619.1
623.7
555.1

Line
Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons




1947

1948

-5.9
8.7
8.1
.6

10.8
8.6

1952

9.0
.6

1953

3.1
.4

13.0
8.9
11.7
.9

1956

1957

3.1
-.2

1958

1959

1960

1961

3.0
17.6
16.3
1.3

61

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1970

1971

1974

1975

1976

1977

1978

1979

1980

664.4

720.1

789.3

834.1

911.5

985.3

1,039.7

1,128.6

1,240.4

1,385.5

1,501.0

1,635.2

1,823.9

2,031.4

2,295.9

2,566.4

2,795.6

7.4
2.4

8.1
2.7

8.3
3.1

8.9
3.4

10.3
4.1

11.9
5.8

13.0
6.6

14.1
6.4

16.4
7.7

23.8

30.3
14.6

28.2
14.9

32.9
15.7

37.9
17.2

47.4
25.3

70.4
37.5

81.8
46.5

669.4

725.5

794.5

839.5

917.6

991.5

1,046.1

1,136.2

1,249.1

1,516.7

1,648.4

1,841.0

2,052.1

2,318.0

2,599.3

2,830.8

66.6
48.4
52.1
3.8
18.3
16.9
1.4

70.8
51.7
55.9
4.1
19.1
17.6
1.5

76.5
56.3
60.2
3.9
20.2
18.6

90.9
67.4
70.3

118.9
89.8
88.9

130.9

164.8
126.9
119.8
-7.2
37.9
33.7
4.3

190.9

209.0

149.1
131.5
-17.6

231.6
184.4
161.9
-22.5
47.2
41.2
6.0

261.5

2.9
23.4
21.5
2.0

99.8
74.5
77.0
2.5
25.2
23.0
2.2

109.1

183.1
-27.6
50.8
44.1
6.7

300.4
244.9
209.7
-35.2
55.5
47.9
7.6

345.2
282.6
238.6
^4 0
62.7
53.9

1.6

83.1
61.4
65.1
3.6
21.7
19.9
1.8

602.8

654.7

717.9

756.4

826.7

891.7

58.8
2.0
1.2
1.4

62.7
2.2
1.9
1.7

65.4
2.3
6.4
3.0

70.4
2.5
4.8
2.9

79.0
2.8
4.3
3.0

542.1

589.6

646.7

681.7

92.0

89.6

22.6
31.3
0
45.3
20.7
37.5
2.1

25.4
34.9
0

1.8

19.7
23.4
0
40.8
20.2
33.9
2.0

Equals: Personal income

515.8

557.4

Addenda:
Gross domestic income
Gross national income
Net domestic product

663.2
668.2
597.8

718.2
723.6
649.3

Gross domestic product
Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

1964

1965

74.8
17.3
22.4
0

36.9
18.2
31.3

1966

1967

1968

1969

81.8
82.6
.8
27.3
24.8
2.5

1972 1973

99.4
99.5
.1

11.1
1,398.2

142.9

210.7

-.9
29.2
26.4
2.8

31.5
28.4
3.1

-.9
33.8
30.3
3.5

5.1

164.5
142.6
-21.9
44.4
38.9
5.5

937.0

1,017.3

1,118.2

1,255.3

1,351.9

1,457.5

1,632.1

1,820.5

2,056.5

2,298.9

2,485.6

3.1
2.9
3.5

94.3
3.2
6.9
4.8

103.6
3.4
11.3
4.9

111.4
3.9
8.7
6.1

121.0
4.5
8.0
5.6

129.3
5.0
10.0
4.2

140.0
5.2
17.7
7.7

151.6
6.5
24.5
6.9

165.5
7.3
21.6
9.7

177.8
8.2
21.0
10.6

188.7
9.9
35.7
11.0

212.0
11.2
33.9
14.5

743.6

802.7

837.5

903.9

1,000.4

1,127.4

1,211.9

1,302.2

1,456.4

1,635.8

1,860.2

2,075.6

2,243.0

96.5

93.7

81.6

95.1

109.8

123.9

114.5

133.0

160.6

190.9

217.2

222.5

198.5

32.2
44.1
0
62.3
24.2
58.8
2.8

38.4
46.4
0
71.5
24.3
71.6
2.8

42.6
51.2
.6
77.5
25.0
85.2
3.0

46.2
59.2
0
84.2
26.8
94.6
3.4

53.9
75.5
-.1
97.6
29.9
108.1
3.8

68.8
85.2
-.5
116.1
33.2
128.4
4.0

76.6
89.3
.1
128.0
32.9

101.3
.1
140.5

163.0
4.5

176.9
5.5

95.7
113.1
.1
161.9
44.7
188.7

114.5
131.3
.3
191.3
50.7
202.5

144.2

49.4
21.5
45.4
2.3

27.2
38.7
0
54.1
23.5
53.0
2.5

5.9

6.8

152.7
-.2
233.5
57.4
226.4
7.9

183.9
166.2
0
286.4
64.0
270.2
8.8

606.4

650.4

714.5

780.8

841.1

905.1

994.3

1,113.4

1,225.6

1,331.7

1,475.4

1,637.1

1,848.3

2,081.5

2,323.9

782.9
788.1
712.7

829.3
834.8
751.0

907.2
913.3
820.6

982.4
988.6

1,032.8
1,039.2

1,117.2
1,124.9
1,009.7

1,231.7
1,240.4
1,109.5

1,377.5
1,390.2
1,242.6

1,491.1
1,506.8
1,336.2

1,617.5
1,630.7
1,444.2

1,799.4
1,816.5
1,615.0

2,009.8
2,030.5
1,799.8

2,274.9
2,297.0
2,034.4

2,530.7
2,563.6
2,266.0

2,761.6
2,796.9
2,450.3

930.6

109.1
108.3

41.8
36.7

39.0

1981

1982

1983

1984

1985

1986

1987

1989

1990

1991

1992

1993

1994

1995

1996

1997

3,131.3

3,259.2

3,534.9

3,932.7

4,213.0

4,452.9

4,742.5

5,108.3

5,489.1

5,803.2

5,986.2

6,318.9

6,642.3

7,054.3

7,400.5

7,813.2

8,318.4

95.6
60.9

102.4
65.9

102.5
65.6

122.9
87.6

113.1
87.8

111.1
95.6

122.9
109.2

151.8
133.4

177.2
156.8

188.3
159.3

167.7
143.0

151.1
127.6

154.4
130.1

184.3
167.5

232.3
211.9

245.6
227.5

281.3
274.2

3,166.1

3,295.7

3,571.8

3,968.1

4,238.4

4,468.3

4,756.2

5,126.8

5,509.4

5,832.2

6,010.9

6,342.3

6,666.7

7,071.1

7,420.9

7,831.2

8,325.4

394.8
323.9
292.8

456.1
372.7
376.0
3.2
83.3

516.5
422.5
479.6
57.1
94.0
81.0
12.9

551.6
450.8
495.3
44.5
100.8
87.1
13.8

586.1
478.2
515.6
37.4
107.8
93.2
14.6

627.4
512.4
545.4
33.1
115.0
99.4
15.6

677.2
554.0
573.0
19.0
123.2
106.3

11.5

482.4
393.5
424.1
30.6
88.8
76.7
12.2

16.9

711.3
579.5
574.7
-4.8
131.8
113.9
17.9

748.0
608.1
589.2
-18.9
140.0
121.2
18.8

787.5
642.2
612.8
-29.4
145.3
125.5
19.8

812.8
660.1
637.9
-22.2
152.6
131.5
21.1

874.9
714.6
688.6
-26.0
160.3
137.5
22.9

911.7
743.6
729.3
-14.3
168.1
144.3
23.9

956.2
781.9
779.4

61.0
10.0

436.5
357.5
335.1
-22.4
79.0
68.1
10.9

-2.5
174.3
149.2
25.0

1,013.3
832.4
844.5
12.1
180.9
154.6
26.3

2,771.2

2,859.2

3,115.7

3,485.7

3,721.9

3,916.8

4,170.1

4,499.4

4,832.2

5,120.9

5,262.8

5,554.9

5,853.9

6,196.2

6,509.1

6,875.0

7,312.1

249.3
13.4
27.5
16.1

256.7
15.2
2.5
18.1

280.3
16.2
47.0
24.3

309.1
18.6
18.6
22.9

329.4
20.7
11.7
20.4

346.8
23.8
43.9
23.6

369.3
24.2
3.3
30.1

392.6
25.3
-42.2
27.4

420.7
25.8
16.3
22.6

447.3
26.1
30.6
25.3

482.3
25.9
19.6
21.5

510.6
28.1
43.7
22.4

540.1
27.8
63.8
29.6

575.3
30.8
58.5
25.2

594.6
33.5
26.5
22.2

620.0
34.4
32.8
22.6

646.2
36.8
29.7
19.1

2,497.1

2,603.0

2,796.5

3,162.3

3,380.4

3,525.8

3,803.4

4,151.1

4,392.1

4,642.1

4,756.6

4,994.9

5,251.9

5,556.8

5,876.7

6,210.4

6,618.4

219.0

201.2

254.1

309.8

322.4

300.7

346.6

405.0

395.7

408.6

431.2

453.1

510.5

573.2

668.8

754.0

833.8

226.5
195.7

256.3
208.9
0

12.8

15.1

326.7
281.4
-.2
546.4
97.5
403.1
17.8

343.6
303.4
0
579.2
106.1
428.4
20.7

361.5
323.1
0
609.7
112.1
447.8
20.8

361.5
0
650.5
129.4
476.1
20.8

443.1
385.2
0
736.5
154.8
519.2
21.1

452.4
410.1
.1
772.4
165.4
573.1
21.3

429.8
430.2
-.1
771.8
178.3
649.1
20.8

399.5
455.0
-15.8
750.1
185.3
729.2
22.5

374.3
477.8
6.4
725.5
203.0
776.5
22.1

380.5
508.4
17.6
742.4
234.7
810.1
23.7

389.8
533.2

401.6
76.1
342.3
11.8

309.6
257.5
.2
505.3
90.8
378.3

389.4

3527
73.6
307.0
10.2

267.2
226.0
-.4
431.6

16.4
792.5
254.0
860.1
25.8

386.3
555.8
3.6
810.6
297.4
902.4
26.4

423.9
587.8
-2.9
864.0
334.9
934.4
27.9

Equals: Personal income

2,599.4

2,768.4

2,946.9

3,274.8

3,515.0

3,712.4

3,962.5

4,272.1

4,599.8

4,903.2

5,085.4

5,390.4

5,610.0

5,888.0

6,200.9

6,547.4

6,937.0

Addenda:
Gross domestic income
Gross national income
Net domestic product

3,103.8
3,138.5
2,736.5

3,256.8
3,293.2
2,822.8

3,487.9
3,524.8
3,078.8

3,914.2
3,949.5
3,450.4

4,201.3
4,226.7
3,696.5

4,409.0
4,424.5
3,901.3

4,739.1
4,752.8
4,156.4

5,150.5
5,169.0
4,480.9

5,472.7
5,493.1
4,811.8

5,772.7
5,801.6
5,092.0

5,966.6
5,991.2
5,238.2

6,275.2
6,298.6
5,531.5

6,578.6
6,602.9
5,829.5

6,995.8
7,012.6
6,179.4

7,374.0
7,394.4
6,488.8

7,780.3
7,798.4
6,857.0

8,288.6
8,295.7
7,305.0

Line
Gross domestic product
Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons




-31.0

71.0

71.9

83.5
369.4

62

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1947

1946

1948

1949

1950

Line
210.6

218.4

228.2

232.0

237.5

240.7

244.9

254.7

260.8

267.7

274.3

275.6

270.4

266.6

268.0

265.6

275.7

1.0
.3

1.0
.4

1.1
.4

1.2
.4

1.4
.4

1.6
.4

1.6
.4

1.8
.5

1.9
.5

2.0
.5

2.1

2.0
.5

2.1
.6

2.0
.6

1.9

1.8
.6

1.9

211.2

219.1

229.0

232.9

238.6

241.8

246.1

256.0

262.2

269.3

275.8

277.1

271.8

268.0

269.4

266.8

277.0

22.9
11.6
8.5
-3.0
11.3
11.0
.3

23.3
12.2
8.7
-3.6
11.1
10.8
.3

23.9
13.0
9.0
-4.1
10.9
10.5
.3

24.3
13.8
9.3
-4.5
10.5
10.2
.4

25.6
14.5
9.9
^.6
11.1
10.7
.4

25.8
15.2
10.8
-4A
10.6
10.2
.4

26.5
15.9
11.2
-4.7
10.6
10.2
.4

26.9
16.6
11.9
-W
10.3
9.9
.4

27.2
17.1
12.4
-4.8
10.0
9.6
.4

27.7
17.9
12.7
-5.2
9.8
9.3
.4

28.5
18.8
13.3
-5.6
9.7
9.2
.5

29.0
19.5
13.8
-5.7
9.4
9.0
.5

29.1
19.7
14.4
-5.3
9.3
8.9
.5

28.9
20.0
14.8
-5.2
8.9
8.4
.5

28.7
20.1
15.2
-4.9
8.5
8.0
.5

28.6
20.3
15.6
-41
8.3
7.8
.5

28.6
20.6
16.1
^.5
8.0
7.5
.5

188.3

195.8

205.1

208.5

213.0

216.0

219.6

229.1

235.0

241.6

247.3

248.1

242.8

239.1

240.7

238.2

248.4

16.5
.4
1.1
2.1

17.0
.4
1.0
1.6

17.6
.4
1.3
.5

17.8
.4
-.7
.4

18.1
.4
.6
.3

18.2
.4
2.2
.2

18.5
.4
2.3
.2

19.5
.4
3.1
.1

19.5
.4
-.1
.2

20.2
.4
-1.6
.1

20.6
.4
-.3
.4

20.8
.5
-.9

20.9
.4
.5
.3

21.4
.4
1.2
.2

21.8
.4
2.5
.3

21.8
.4
3.1
.2

22.1
.5
4.1
.4

172.4

179.0

186.3

191.5

194.2

195.4

198.5

206.1

215.4

222.6

227.0

228.4

221.2

216.3

216.3

213.1

222.2

14.0

17.0

18.0

20.5

20.5

23.9

24.0

25.6

29.6

31.3

30.5

31.9

30.5

28.2

29.4

26.2

29.6

1.7
6.6
.8
6.5
5.1
11.2
.4

1.8
7.1
-.9
6.8
5.5
10.1
.4

1.8
6.8
0
7.0
5.7
9.9
.4

1.9
6.0
0
7.1
6.1
9.2
.4

2.4
6.3
0
7.7
6.0
9.4
.4

2.4
6.0
0
7.8
6.3
9.2
.4

2.4
5.2
0
7.9
6.5
13.1
.4

2.3
4.8
0
7.9
6.4
10.1
.4

2.5
4.8
.1
8.3
7.0
10.3
.4

2.4
4.6
.1
8.3
6.7
10.1
.4

2.4
4.6
-.2
8.3
7.1
9.7
.4

2.4
4.5
.1
8.5
7.4
9.4
.5

2.5
5.2
.1
8.7
7.2
10.1
.4

2.6
5.1
-.3
8.9
7.2
10.7
.4

2.7
4.8
0
9.1
7.1
11.2
.4

2.7
4.5
0
9.3
7.4
11.4
.4

2.9
5.3
0
9.6
8.3
19.8
.5

Equals: Personal income

172.4

176.9

182.7

185.9

188.5

186.8

194.9

198.3

204.3

209.7

215.3

215.3

209.3

208.0

207.2

208.3

222.6

Addenda:
Gross domestic income
Gross national income
Net domestic product

209.5
210.1
187.7

217.5
218.1
195.1

226.9
227.6
204.3

232.7
233.5
207.7

236.9
237.9
212.0

238.5
239.6
214.9

242.6
243.8
218.4

251.6
252.8
227.8

260.8
262.3
233.6

269.3
270.8
240.1

274.6
276.1
245.7

276.5
278.0
246.6

269.8
271.3
241.3

265.4
266.8
237.7

265.6
266.9
239.4

262.5
263.7
237.0

271.6
272.9
247.1

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons
Business transfer payments to persons

1952

1951

1950

1953

1954

Line
Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises

302.5

313.9

329.3

336.9

343.7

348.1

351.5

352.4

358.8

371.8

378.9

382.5

381.7

376.6

376.0

376.7

381.5

2.4
.7

2.4
.7

2.4
.8

2.8
.8

2.9
.8

3.0
.8

2.8
.7

2.9
.8

2.9
.8

2.9
.8

2.8

3.0
.8

2.8
.9

2.8
.9

3.0
.9

3.0
.9

3.0
.9

304.2

315.5

330.9

338.8

345.8

350.4

353.6

354.6

360.9

373.9

384.7

383.6

378.5

378.1

378.8

383.7

29.9
22.0
16.9
-5.1
7.9
7.4
.5

31.2
23.0
17.3
-5.6
8.2
7.7
.5

32.6
24.1
18.0
-6.1
8.5
7.9
.6

33.3
24.8
18.8
-6.0
8.6
8.0
.6

34.0
25.2
19.4
-5.8
8.7
8.1
.6

34.8
25.8
20.1
-5.7
9.0
8.4
.6

35.4
26.2
20.4
-5.8
9.1
8.5
.6

35.9
26.5
20.8
-5.7
9.4
8.8
.6

36.5
26.6
21.2
-5.4
9.8
9.2
.7

37.0
27.0
21.8
-5.2
10.0
9.3
.7

37.6
27.4
22.3
-5.1
10.3
9.6
.7

38.4
27.9
23.1
-4.8
10.5
9.8
.7

39.0
28.4
23.8
^.6
10.5
9.8
.7

39.2
28.5
24.6
-3.9
10.7
10.0
.7

39.5
28.7
24.9
-3.8
10.8
10.1
.7

40.4
29.2
25.4
-3.8
11.1
10.4
.7

40.8
29.5
25.9
-3.6
11.3
10.6
.7

298.4

305.5

311.9

315.6

318.2

318.6

324.5

336.8

343.2

346.3

344.6

339.3

338.5

338.4

342.9

24.9
.5
1.0
.5

24.0
.6
-.1

25.7
.6
2.7

24.7
.6
4.5

25.1
.7
5.2

26.0
.7
3.0
.7

26.7
.7
3.6
.5

27.6
.8
2.6
.4

28.0
.8
2.6
.4

28.8
.8
3.8
.3

29.4
.9
4.3
.3

29.9
.9
4.2
.1

30.0
.9
4.1
.3

29.9
.9
5.7
-.2

29.4
.8
3.7
-.3

29.6
.7
3.9
.3

29.5
.7
4.5
-.1

248.3

260.7

270.2

276.6

281.4

286.7

287.6

288.2

293.5

303.7

309.0

311.4

309.9

302.6

304.3

304.5

308.0

37.8

40.9

39.7

39.8

40.4

41.7

39.0

36.9

36.7

40.9

41.6

40.8

39.6

32.7

35.1

36.3

38.2

3.0
5.5
0
10.1
9.2
10.2
.5

3.1
5.8
.1
10.3
9.5
10.4

3.3
6.6
.2
10.6
8.4
10.3
.6

3.4
6.7
-.1
10.7
8.6
10.6
.6

3.6
6.6
.8
10.9
8.6
10.7
.7

3.6
6.7
-.6
11.0
8.7
10.6
.7

3.6
6.9
.1
11.1
8.2
10.5
.7

3.7
6.8
.1
11.3
8.7
10.6

3.8
6.9
-.3
11.6
8.6
11.4

3.9
7.1
0
12.0
8.8
11.5

4.2
7.1
0
12.5
8.4
11.5
.9

4.3
7.1
-.1
12.8
9.2
11.4
.9

4.4
7.2
-.1
13.1
9.0
11.7
.9

4.8
7.1
-.1
13.7
8.9
12.1
.9

5.0
8.1
0
13.9
9.4
12.9

5.1
8.0
0
14.1
8.9
13.6
.7

5.3
8.1
0
14.4
9.3
13.9
.7

Equals: Personal income

232.1

241.8

250.4

257.3

260.9

266.3

268.5

272.1

278.9

284.9

293.6

293.6

293.7

293.2

292.3

294.7

Addenda:
Gross domestic income
Gross national income
Net domestic product

301.5
303.2
272.6

313.9
315.6
282.7

326.6
328.2
296.8

332.4
334.4
303.5

338.5
340.6
309.8

345.1
347.4
313.4

347.8
350.0
316.1

349.9
352.0
316.5

356.2
358.3
322.4

368.0
370.1
334.8

378.3
380.4
344.1

377.6
379.5
342.7

370.9
372.8
337.3

372.3
374.4
336.5

372.8
374.9
336.4

377.0
379.2
340.7

Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons
Business transfer payments to persons




274.3

374.6
376.6
341.2

63

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1955

1957

1956

1959

1958

Line

403.1

448.6

457.6

459.6

466.8

462.0

454.6

458.9

472.4

485.8

496.1

509.2

4.1
1.1

3.8
1.1

4.3
1.1

4.6
1.1

4.5
1.2

3.8
1.2

3.9
1.2

3.9
1.1

3.9
1.2

4.0
1.3

4.0
1.3

4.1
1.4

413.9

422.5

429.0

431.7

437.6

442.8

451.3

460.8

463.0

470.2

464.7

457.4

461.7

475.1

488.5

42.1
30.5
28.1
-2.4
11.6
10.9

43.2
31.3
29.5
-1.7
12.0
11.2

44.3
32.1
29.9
-2.1
12.2
11.4

45.6
33.1
30.8
-2.3
12.5
11.7

46.7
33.9
31.1
-2.8
12.8
11.9

47.9
34.9
31.4
^3.5
13.0
12.1
.9

48.9
35.8
31.9
-3.9
13.2
12.3

50.0
36.5
32.7
-3.7
13.5
12.6

50.7
37.1
33.5
^3.5
13.6
12.7
.9

51.5
37.6
34.4
-3.2
13.8
12.9
.9

52.1
38.2
35.1
^3.0
13.9
13.0
1.0

51.9
38.1
35.3
-2.9
13.7
12.8
1.0

52.6
38.7
35.2
-3.5
13.9
12.9
1.0

53.1
39.0
35.6
-3.4
14.1
13.1
1.0

53.5
39.2
36.1
-4.1
14.3
13.3
1.0

54.0
39.6
36.9
-2.7
14.4
13.4
1.0

54.5
40.0
37.7
-2.3
14.5
13.5
1.0

371.8

379.2

384.8

386.1

391.0

394.8

402.3

410.8

412.4

418.7

412.6

405.5

409.1

422.1

435.0

444.8

457.4

32.0
.9
2.7

33.3
1.0
2.0
-.2

33.9
1.0
.2
-.1

34.5
1.0
-1.0
.2

35.5
1.0

36.6
1.0
-1.5
.8

37.5
1.1
-.4
.8

37.7
1.1
.8
.5

37.8
1.1

-1.2
.5

37.1
1.0
.6
.9

38.0
1.1
1.4

-.1

32.7
.9
3.1
-.4

38.3
1.1
1.6
.8

38.8
1.1
3.5
1.0

40.0
1.1
2.5
1.2

40.6
1.3
.4
.2

41.1
1.4
-1.1
0

336.1

342.1

348.3

351.0

356.7

360.0

367.0

373.0

375.0

378.8

373.4

367.9

368.8

379.7

392.6

402.7

416.0

47.0

48.3

48.8

49.9

47.7

47.6

46.7

47.4

49.1

48.0

47.4

43.5

38.4

38.9

43.1

49.1

52.7

57.6

5.8
8.9
.1

Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

439.7

4.0
1.0

327.7

Equals: National income

434.7

4.0
1.1

31.1
.8
4.4
-.2

Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.

428.8

3.7
1.0

364.1

Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises

426.4

3.6
1.0

41.5
30.0
27.4
-2.6
11.5
10.8
.7

Equals: Gross national product

419.9

3.5
1.0

405.6

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

411.4

3.4
.9

Gross domestic product

6.0
9.0
.5
15.4
10.2
14.7

6.1
9.2
-.6
15.9
10.8
14.9
.9

6.0
9.3
0

6.3
9.9
0

6.7
10.0
0

6.6
10.1
0
18.0
11.6
16.0
1.0

7.2
11.4
0
18.5
11.6
16.8

8.0
11.5
0
19.8
11.9
18.2
1.1

8.0
11.3
0

9.3

9.8
11.5
0
21.8
11.4
22.5
1.1

9.4
13.7
0

9.7
13.9
0

16.3
10.9
14.9

6.6
10.0
0
17.3
11.2
15.4

21.8
12.1
22.7
1.2

22.5
12.5
22.6
1.3

512.0

1.0

16.7
11.2
15.2
1.0

1.0

17.6
11.2
15.8
1.0

1.0

7.5
11.4
0
19.1
11.8
18.0
1.1

Equals: Personal income

306.3

313.6

321.1

326.1

331.1

337.3

342.2

349.5

353.3

358.0

362.9

363.0

362.5

364.8

373.9

378.9

384.8

393.7

Addenda:
Gross domestic income
Gross national income
Net domestic product

398.7
401.2
361.6

408.7
411.2
369.3

416.8
419.3
376.7

424.4
427.0
382.2

428.6
431.5
383.2

435.7
438.6
388.0

440.9
443.9
391.8

450.1
452.7
399.7

456.9
460.1
407.6

460.0
463.5
408.9

465.4
468.7
415.3

461.2
463.8
409.9

455.3
458.0
402.8

457.3
460.1
406.3

469.0
471.7
419.3

483.4
486.0
432.3

495.7
498.4
442.1

510.3
513.0
454.7

15.0
10.0
14.6
.8

1961

1959

20.2
11.7
19.4
1.1

11.3
.6
20.4
11.6
20.8
1.1

20.6
11.7
22.6
1.1

9.6
11.4
-1.3
21.3
11.7
23.0
1.1

11.3

.6

1962

1963

Line

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

510.2

514.2

527.9

527.1

529.9

524.6

528.9

539.9

550.3

563.4

576.8

583.9

591.0

594.4

603.4

612.1

624.9

634.3

4.5
1.5

4.8
1.6

4.8
1.8

4.9
1.8

5.0
1.8

5.1
1.7

5.4
1.7

5.2
1.7

5.4
1.8

5.6
1.9

5.5
1.8

5.9
1.8

6.0
1.9

6.7
1.9

6.5
1.9

6.5
2.0

6.7
2.1

6.9
2.2

513.1

517.3

530.9

530.2

533.2

528.1

532.6

543.4

553.9

567.1

580.5

588.0

595.2

599.2

616.5

629.4

639.0

55.1
40.5
38.0
-2.5
14.7
13.6
1.0

55.7
40.9
38.6
-2.3
14.8
13.8
1.0

56.3
41.3
39.3
-2.0
15.0
13.9
1.1

56.8
41.7
39.7
-2.0
15.1
14.0
1.1

57.2
42.0
40.1
-1.8
15.2
14.1
1.1

57.5
42.2
40.5
-1.7
15.4
14.2
1.1

57.8
42.3
41.0
-1.4
15.5
14.4
1.1

58.3
42.6
41.5
-1.1
15.6
14.5
1.1

58.7
43.0
41.8
-1.2
15.8
14.6
1.2

59.3
43.3
42.1
-1.1
16.0
14.8
1.2

60.0
43.7
45.3
1.5
16.3
15.1

61.3
44.5
46.5
1.9
16.8
15.5

63.3
45.8
48.7

63.9
46.1
49.4

3.2
17.8
16.4

1.3

2.9
17.6
16.3
1.3

64.6
46.7
50.3
3.6
17.9
16.5

1.2

62.1
44.9
47.0
2.1
17.1
15.9
1.3

62.7
45.3
47.6
2.3
17.4
16.1

1.2

60.6
44.1
45.8
1.7
16.4
15.2
1.2

1.3

1.3

458.0

461.6

474.6

473.4

476.0

470.6

474.8

485.2

495.2

507.9

520.5

527.4

533.9

537.2

545.3

553.2

565.5

574.5

42.5
1.4
2.8
.1

43.3
1.4
1.1
0

44.5
1.4

45.3
1.4

45.8
1.4
.8
.2

46.3
1.4
-4.3
.4

46.8
1.4

47.6
1.5
.1
1.2

48.5
1.5

49.6
1.5
-.8
1.3

50.7
1.6
1.8
1.4

51.2
1.6
1.7
1.5

52.2
1.6
1.6
1.3

52.6
1.6

-.6
.3

-2.4
1.3

53.3
1.8
-.5
.8

54.3
1.8
-2.3
.9

55.3
1.8
1.2
.9

56.1
1.8
-.1
1.0

411.4

415.8

427.9

427.6

428.2

426.5

427.9

437.2

446.0

458.8

467.8

474.4

479.8

486.6

491.5

500.3

508.1

517.7

52.1

52.4

56.4

52.4

51.4

49.2

48.2

52.5

54.7

58.5

60.9

60.2

61.4

63.7

64.0

67.4

9.8
13.9
0
23.4
12.8
22.8

10.1
13.9
0

10.4
16.4
0
25.3
13.2
23.3
1.3

10.3
16.5
0
25.3
13.2
24.0

11.2
16.4
0
26.0
13.5
25.7

12.2
16.9
0
26.9
13.6
28.3
1.4

12.6
17.1
0

13.0
18.9
0
28.5
14.6
28.5
1.5

14.0
19.1
0
29.7
15.0
28.5
1.5

14.5
19.2
0
30.8
15.2
28.9
1.5

15.0
19.3
0
31.7
15.4
29.5
1.5

14.7
21.3
0
31.6
15.8
30.9
1.6

14.9
21.5
0

15.4
21.8
0

27.6
13.9
28.5
1.4

13.3
17.3
0
28.5
14.5
28.0
1.4

32.3
16.1
29.9
1.6

33.4
16.3
30.1
1.6

70.4

1.3

24.4
13.0
23.5
1.3

1.3

10.8
16.5
0
25.6
13.5
24.7
1.3

1.3

11.6
16.7
0
26.2
13.6
27.5
1.3

Equals: Personal income

395.9

401.6

407.8

412.4

414.6

416.2

420.0

425.9

433.1

442.0

448.0

455.8

461.0

466.7

471.4

476.3

483.6

492.9

Addenda:
Gross domestic income
Gross national income
Net domestic product

507.4
510.3
455.1

513.1
516.2
458.5

527.0
530.0
471.6

527.7
530.8
470.3

529.1
532.4
472.7

527.9
531.4
467.1

529.6
533.2
471.1

539.8
543.3
481.7

553.3
491.6

564.3
568.0
504.2

575.0
578.7
516.8

582.1
586.3
523.3

589.4
593.6
529.7

596.8
601.7
532.3

603.9
608.5
540.7

614.4
618.8
548.8

623.6
628.1
561.0

634.5
639.2
569.8




15.9
22.0
0
34.5
16.8
30.6

1.7

64

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1965

1964

1967

1966

Line

650.4

659.6

671.2

676.3

696.5

709.0

726.2

748.7

772.3

781.5

794.8

808.6

819.3

823.9

838.7

854.4

881.4

7.4
2.3

7.3
2.3

7.5
2.4

7.3
2.5

8.1
2.5

8.4
2.6

8.1
2.7

7.7
2.8

8.0
2.9

8.1
3.0

8.3
3.2

8.7
3.3

8.6
3.3

8.5
3.3

9.1
3.3

9.2
3.6

9.7
3.8

655.5

664.6

676.3

681.1

702.0

714.8

731.6

753.6

777.4

786.7

799.9

813.9

824.6

829.1

844.4

860.0

887.3

65.2
47.1
51.2
4.0
18.1
16.7
1.4

66.1
48.0
51.6
3.7
18.2
16.8
1.4

67.0
48.7
52.6

68.2
49.7
53.2

71.3
52.1
56.6
4.5
19.2
17.7

59.5
63.0

1.5

3.5
21.1
19.4
1.7

3.6
21.4
19.7
1.8

3.9
21.9
20.1

1.5

3.9
20.4
18.8
1.7

1.8

85.9
63.5
67.1
3.6
22.3
20.5
1.8

87.9
65.0
68.3

3.8
20.1
18.4
1.6

79.2
58.4
62.1
3.7
20.8
19.1
1.7

83.8
61.9
65.9

1.4

73.8
54.2
58.4
4.2
19.6
18.0
1.6

82.1
60.7
64.3

1.4

72.8
53.4
57.2
3.9
19.4
17.9
1.5

77.3
56.9
60.7

3.5
18.5
17.1

70.2
51.2
55.3
4.1
18.9
17.5
1.5

75.9
55.8
59.6

3.9
18.3
16.9

69.0
50.3
54.3
3.9
18.7
17.2

3.3
22.9
21.0
1.9

590.4

598.5

609.4

612.9

633.0

644.6

660.3

680.9

703.6

710.8

722.6

734.7

744.0

747.0

760.6

774.2

799.4

57.0
1.9
3.7
1.4

58.1
2.0
2.5
1.5

59.6
2.0
1.6
1.5

60.6
2.1
-3.0
1.1

62.1
2.2
-.7
1.5

62.3
2.2
-.5
1.5

62.5
2.2
3.8
1.7

63.8
2.2
5.1
1.9

63.5
2.3
8.4
2.4

65.0
2.3
5.9
2.9

2.4
5.9
3.3

67.2
2.4
5.4
3.3

67.9
2.4
9.0
3.1

69.2
2.5
5.2
2.8

71.3
2.5
3.4
2.7

73.2
2.6
1.4
3.0

75.9
2.6
5.9
2.8

529.1

537.3

547.7

554.4

570.9

582.1

593.6

611.6

631.8

640.4

651.5

663.0

667.7

672.8

686.1

700.0

717.8

74.6

74.5

75.6

74.7

82.7

84.8

86.1

90.2

93.4

92.2

90.5

91.7

89.0

87.9

89.2

92.3

93.3

16.5
22.0
0
35.4
17.5
31.5
1.7

17.1
22.3
0
36.4
18.0
31.0
1.8

17.8
22.5

18.0
22.7
-.1
38.3
18.9
31.5

19.5
23.2
0
40.4
19.9
32.3
2.0

20.1
23.6
0
41.4
20.5
35.9
2.0

20.1
24.0
0
41.9
21.2
34.7
2.0

21.3
30.4
0
43.2
21.3
35.7

2.1

22.1
30.8
0
44.6
20.9
35.8
2.1

22.9
31.9
0
45.9
20.5
37.5

1.9

19.0
22.9
0
39.3
19.2
32.7
2.0

2.1

24.0
32.2
0
47.5
20.0
41.0
2.2

24.5
33.6
0
48.3
21.1
43.7
2.2

25.3
34.6
0
48.9
21.7
44.7
2.2

25.6
35.2
0
49.6
22.1
46.0
2.3

26.1
36.0
0
50.9
21.2
47.2
2.3

26.6
37.6
0
52.1
22.6
49.5
2.4

Equals: Personal income

502.0

510.8

520.7

529.7

539.6

549.2

563.6

577.1

589.0

598.7

612.3

625.7

635.7

642.5

656.0

667.2

Addenda:
Gross domestic income
Gross national income
Net domestic product

646.7
651.8
585.2

657.1
662.1
593.5

669.6
674.8
604.2

679.3
684.1
608.1

697.2
702.7
627.4

709.5
715.3
638.9

722.5
727.8
655.0

743.6
748.5
676.0

763.9
769.0
698.5

775.6
780.8
705.6

788.9
793.9
717.5

803.2
808.5
729.4

810.3
815.6
738.7

818.7
823.9
741.8

835.2
841.0
754.8

853.0
858.6
768.5

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

.1
37.5
18.4
31.3
1.9

1969

1968

1970

1971

875.5
881.4
793.5

1972

Line

IV
Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment.
Government
General government
Government enterprises

920.9

937.8

961.9

977.0

997.2

1,005.3

1,018.2

1,034.4

1,051.9

1,054.2

1,099.9

1,120.6

1,140.8

1,153.1

1,192.5

1,227.5

1,252.0

10.6
4.2

10.7
4.4

11.3
4.9

11.7
5.5

12.2
6.2

12.6
6.5

13.0
6.7

13.3
6.7

13.2
6.6

12.4
6.3

13.4
5.9

14.2
6.1

14.1
6.7

14.8
7.0

15.3
7.0

15.9
7.6

16.8
7.8

927.2

944.1

968.2

983.2

1,003.1

1,011.3

1,0245 1,041.0

1,058.5

1,060.3

1,107.4

1,128.6

1,148.1

1,160.9

1,200.8 1,235.8

1,261.0

91.5
68.0
70.9
2.9
23.6
21.6
2.0

94.3
70.2
72.4
2.2
24.1
22.0
2.0

96.5
71.9
74.5
2.6
24.5
22.4

100.7
75.3
77.9
2.6
25.4
23.2
2.2

103.2
77.3
79.4
2.1
25.9
23.6
2.3

105.4
78.9
80.7
1.8
26.5
24.1
2.4

108.4
81.4
81.9
.5
27.0
24.6
2.4

110.0
82.5

117.8
88.7
87.9

120.1
90.7

83.1
.7
27.5
25.0
2.5

112.6
84.4
84.5
.1
28.1
25.5
2.6

115.7
87.1
86.2

-.9
28.6
26.0
2.6

-.9
29.0
26.3
2.7

29.3
26.5
2.8

122.2
92.5
91.6
-.9
29.6
26.7
2.9

125.4
94.7
94.7

2.1

98.7
73.7
76.2
2.5
25.1
22.9
2.2

871.8

884.5

991.7 1,010.8

1,028.1

102.0
3.4
13.8
4.7

104.8
3.5
13.9
4.8

130.8
98.7

-.1
30.6
27.6
3.0

133.8
103.0
101.3
-1.7
30.8
27.7
3.1

1,038.8

1,075.4

1,102.0

1,130.3

107.0
3.6
3.3
5.0

107.8
3.7
8.1
5.6

110.2
3.8
15.0
5.9

112.3
3.8
11.5
6.8

99.6
.9
32.1
28.9
3.1

902.4

908.2

919.1

932.6

948.5

947.8

80.3
2.9
2.7
3.0

81.8
2.9
.7
3.2

83.3
3.0
6.5
3.4

85.6
3.1
3.2
3.5

3.1
2.6
3.6

89.5
3.2
-.7
3.5

91.3
3.1
5.2
4.2

93.4
3.1
7.3
5.0

95.3
3.2
8.1
4.8

97.0
3.3
6.9
5.1

100.6
3.3
14.3
5.2

752.8

7675

782.4

796.1

812.4

819.7

823.7

833.8

846.7

845.7

878.7

910.6

929.9

961.4

979.0

1,009.4

97.2

98.5

98.5

95.5

92.9

80.3

83.9

83.7

78.7

91.8

93.8

95.9

99.1

104.5

105.6

110.7

27.3
39.1
0

27.8
39.7
0

33.0
44.6
0
63.5
24.3
59.3
2.8

33.9
45.3
0
65.4
24.6
60.7

37.4
46.3
-2.1
70.0
24.3
72.9
2.8

39.8
46.7
-.4
73.4
24.2
73.4
2.8

42.8
51.0
.2
77.0
25.0
86.7
3.0

3.1

1.5
78.8
24.9
88.3
3.2

43.5
58.1
-1.4
80.3
26.1
91.2
3.3

44.7
58.8
-.4
82.4
26.4
91.5
3.3

47.2
59.5

74.9
24.2
77.2
2.8

42.1
50.5
0
76.2
25.0
79.1
2.9

42.8
51.9

2.8

35.4
46.0
2.5
67.5
24.5
62.7
2.8

42.8
51.3

56.0
24.2
55.6
2.7

31.6
43.7
0
61.4
24.1
58.1
2.8

41.2
46.5
0

54.6
24.0
54.3
2.6

30.1
42.9
0
59.0
24.0
57.2
2.7

Equals: Personal income

724.7

739.9

753.8

771.7

791.7

806.2

817.1

838.3

850.5

858.5

877.6

900.2

912.8

929.8

957.6

974.0

1,000.9

Addenda:
Gross domestic income
Gross national income
Net domestic product

918.2
924.5
829.3

937.1
943.4
843.4

955.3
961.7
865.4

973.8
980.0
878.3

Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons ...
Business transfer payments to persons




835.7

78.0
25.2

-.2
85.5
27.1
92.7
3.4

994.6 1,006.0 1,013.0 1,027.1 1,043.8 1,047.3 1,085.6 1,106.8 1,126.8 1,149.8 1,184.4 1,212.6 1,240.5
1,000.6 1,012.1 1,019.3 1,033.8 1,050.4 1,053.4 1,093.0 1,114.8 1,134.2 1,157.6 1,192.7 1,220.8 1,249.5
926.0
941.7
912.8
902.2
896.5
984.2 1,002.8 1,020.7 1,030.9 1,067.1 1,093.7 1,121.2
941.9

65

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97-Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1974

1973

1975

1977

1976

Line

I

I

1,338.4

Equals: Gross national product

1,394.1

1,435.3

1,450.0

1,487.6

1,514.8

1,551.6

1,567.2

1,603.1

1,710.5

1,770.3

1,803.1

1,837.0

1,885.3

1,939.1

2,006.6

22.7
11.0

25.6
11.6

26.6
12.2

30.1
12.9

30.8
14.2

30.9
15.4

29.2
15.6

27.1
15.5

26.6
14.8

28.2
15.0

30.7
14.5

31.8
15.7

32.7
15.8

33.1
15.7

33.9
15.7

36.4
15.2

37.6
16.5

1,349.2 1,386.1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world ....

1,374.4

20.5
9.7

Gross domestic product

1,408.0

1,449.7 1,467.2 1,504.2 1,530.3

136.2
103.3
104.1
.8

Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises

142.0

108.4

1,565.2

1,578.8

1,615.0

1,673.1

1,726.7

1,786.3

1,820.0

1,854.4

1,903.5

148.2
113.6
112.5
-1.1
34.6
30.9
3.7

153.0
117.4
114.9
-2.5
35.6
31.8
3.8

160.6
123.6
118.4
-5.2
37.0
32.9
4.1

168.7
129.8
121.6
^8.1
38.9
34.5
4.4

177.0
136.9
124.0
-12.8
40.1
35.4
4.7

183.8

189.2

142.9

147.7
130.5
-17.2

201.6
158.1
137.3
-20.7

40.9
36.0
4.9

41.5
36.4
5.0

197.5
154.8
135.2
-19.6
42.7
37.4
5.3

43.6
38.2
5.3

207.2
163.0
140.4
-22.7
44.1
38.7
5.5

211.1
166.4
144.0
-22.4
44.7
39.1
5.6

215.9
170.6

127.4
-15.5

193.2
151.0
132.9
-18.1
42.1
37.0
5.1

1,262.7 1,301.5

145.3
111.2
108.6
-2.6
34.1
30.5
3.6

1,960.2 2,027.8
229.2
182.4
159.6
-22.8
46.8

39.6
5.7

222.7
176.5
153.4
-23.0
46.2
40.4
5.8

148.7

32.9
29.6
3.3

107.9
-.5
33.5
30.1
3.4

1,212.9

1,244.2

1,314.2

1,343.6

1,361.6

1,388.2

1,394.9

1,425.8

1,479.9

1,529.2

1,584.7

1,612.8

1,643.3

1,687.6

1,737.5

1,798.5

118.3
4.3
8.1
5.7

120.2
4.4
15.2
5.8

122.1
4.4
4.8
5.2

123.6
4.8
3.9
5.7

124.9
4.9
3.9
3.8

128.4
4.7
14.0
3.4

131.5
4.7
5.0
4.4

132.2
5.5
16.9
5.3

133.4
4.8
20.0
7.0

137.7
5.1
19.5
7.3

143.0
5.3
13.0
8.1

146.0
5.8
18.2
8.5

146.7
6.4
22.2
6.6

150.0
6.3
24.9
6.6

152.9
6.5
21.5
7.0

156.7
7.1
29.5
7.5

160.2
7.2
27.0
8.0

163.6
7.1
23.7
8.2

1,087.9

1,110.2

1,136.7

1,174.9

1,184.2

1,199.9

1,224.8

1,238.8

1,243.7

1,270.8

1,326.8

125.4

122.1

122.6

125.7

118.6

117.0

113.2

109.0

110.9

123.6

145.4

152.2

164.5

159.0

159.4

159.3

168.6

49.9
73.6
0

55.5
76.1
0
100.2
30.4
108.6
3.8

58.7
77.6
0
104.3
31.5

70.3
86.4
-1.4

89.5
109.3

145^9

32.6

41.8

3.9

4.1

164.6
4.5

38.1
172.2
5.5

39.9

149.7

.1
134.6
36.1
174.0
5.1

100.4
.1
139.2

81.8
102.2
.1
142.3

32.9

77.3
91.8
.1
131.9
33.3
170.2
4.8

83.1
103.8

118.4
33.5
132.1
4.0

76.8
89.8
.1
128.6
32.8
167.6
4.6

80.5

.1
125.6

75.8
88.0
.1
125.8

77.7
98.9

114.1
33.3
125.2
4.0

74.4
86.6
.1
123.1
33.4
139.0

76.4
87.6

111.7
3.9

63.0
83.1
0
108.9
32.5
117.2
4.0

67.5
84.7
-.6

91.2
28.4
105.0
3.6

51.5
74.7
-.3
94.5
29.3
107.0
3.8

179.2
5.7

181.9
5.7

152.9
42.6
184.7
5.8

Equals: Personal income

1,067.1

1,096.8

1,125.5

1,164.4

1,182.0

1,207.8

1,244.4

1,268.2

1,281.0

1,310.9

1,348.4

1,386.5

1,424.6

1,453.2

1,492.8

1,530.9

Addenda:
Gross domestic income
Gross national income
Net domestic product

1,330.3
1,341.0
1,202.2

1,359.2 1,389.2 1,431.4 1,446.1 1,473.6 1,509.8 1,534.7 1,547.1 1,583.6 1,646.9 1,692.3 1,748.1 1,778.2 1,815.5 1,855.8 1,912.1 1,983.0
1,370.9 1,403.2 1,445.8 1,463.3 1,490.2 1,525.3 1,548.3 1,558.8 1,595.5 1,660.1 1,708.5 1,764.1 1,795.1 1,832.9 1,874.0 1,933.2 2,004.1
1,232.4 1,248.7 1,287.1 1,296.9 1,327.0 1,346.1 1,374.6 1,383.3 1,413.9 1,466.7 1,513.0 1,568.6 1,595.9 1,625.9 1,669.4 1,716.4 1,777.4

Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons
Business transfer payments to persons

1977

1979

1978

-21.9
45.3

40.9
5.9

1,367.6 1,416.0 1,438.3 1,469.3 1,501.8 1,551.1 1,612.4

1980

190.2

93.0
112.1
.1
158.0

43.9
185.7
5.7

1,569.7 1,610.4

1981

Line

IV

IV
Gross domestic product

2,067.5 2,112.4 2,150.4 2,276.6 2,338.5 2,418.0 2,470.9 2,529.3 2,601.5 2,663.8 2,732.9 2,736.9 2,793.6 2,918.8 3,052.6 3,086.2 3,183.5 3,203.1
43.4
20.9

38.8
17.5

38.7
19.5

2,088.7

2,131.5

233.8
186.5
164.8
-21.7
47.4
41.3
6.1

240.6

248.8

192.3
169.6
-22.7
48.3
42.1
6.2

199.4
174.5
-25.0
49.4
43.0
6.3

257.0
206.8
179.8
-27.0
50.2
43.7
6.5

265.7
214.4
185.8
-28.6

1,854.9

1,890.9

1,924.0

2,038.8

167.6
7.0
21.9
9.3

170.5
7.8
13.8
13.3

173.3
7.6
4.5
11.4

179.8
8.1
19.9
10.4

1,667.8

1,712.1

1,750.1

205.9

199.1

192.1

97.6
114.3
.1

102.9
116.7
.1
172.5
46.8
193.5
6.0

106.5
126.2
.1
179.2
48.2

Equals: Personal income
Addenda:
Gross domestic income
Gross national income
Net domestic product

2,045.6
2,066.8
1,833.6

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons




43.6
24.4

47.5
26.0

55.2
29.9

59.4
32.8

66.2
35.7

75.7
38.6

43.1

85.9
47.1

82.2
45.4

77.7
42.1

81.4
51.5

89.5
56.1

93.6
61.5

99.6
65.1

99.9
61.0

2,172.9 2,295.8 2,360.0 2,443.3 2,497.5 2,559.8 2,638.6 2,701.3 2,771.7 2,773.7 2,829.2 2,948.7 3,086.0 3,118.3 3,217.9 3,242.0
327.2
267.8
225.5
-42.3
59.4

339.6
277.8
234.0
-43.9

350.6
286.9

363.5
297.7
253.0
-44.7

376.7
308.6
272.1
-36.6

65.8
56.5
9.3

68.0
58.5

389.7

274.4
222.3
192.5

283.7

-29.8
52.1

-31.0

45.1
6.9

45.9
7.2

2,094.3

2,168.9

2,213.8

176.8
8.1

25.8
9.4

181.4
9.0
34.0
11.4

184.2
9.1
22.8
10.0

1,841.5

1,893.1

1,956.0

219.3

223.7

233.7

224.2

224.4

222.5

219.0

215.0

183.7

189.8

205.4

218.6

211.7

230.9

214.6

116.3
132.7
.5

254.6
59.6
239.7

179.6
163.3
0
282.5
64.2

180.6
166.6
.5
282.5
64.6

8.2

249.9
8.4

254.9
8.6

286.6
8.9

199.1
171.8
-.5
304.7
65.4
289.5
9.3

203.6
191.4
0
322.2
68.6
295.2
9.7

213.0

-.1
236.8
58.0
233.7
8.0

176.1
163.1
-.2
276.0
61.7

208.9
7.3

138.3
151.0
-.9
226.3
56.9
218.2
7.8

160.7

206.2
7.0

131.1
148.4
.1
216.3
55.3
213.9
7.5

146.6
154.3

51.7

123.2
136.1
.4
204.6
53.6

196.9
6.3

111.9
130.0
.1
186.8
49.4
198.0
6.7

243.9
197.6
.3
372.5
75.8
316.2
10.4

245.6
199.7
0
380.8
77.6
318.5
10.8

1,656.3 1,712.1

1,755.7

1,821.0

1,879.4

1,937.0

1,996.8

2,041.2

2,108.6

2,179.4

2,248.1

2,098.5
2,117.7
1,871.8

2,145.9
2,168.4
1,901.6

2,256.8
2,275.9
2,019.6

2,312.8
2,334.2
2,072.8

2,384.0
2,409.3
2,143.6

2,448.1
2,474.7
2,187.2

2,495.8
2,526.2
2,233.3

2,554.5
2,591.6
2,294.2

2,624.4 2,692.5 2,693.1 2,760.7 2,900.2 3,012.2 3,056.7 3,164.5 3,181.8
2,661.9 2,731.3 2,729.8 2,796.3 2,930.1 3,045.6 3,088.9 3,198.9 3,220.7
2,349.3 2,405.7 2,397.3 2,443.0 2,555.3 2,675.9 2,696.5 2,782.6 2,790.9

164.0
45.6
191.0
5.8

51.3
44.6
6.8

194.6

230.6
199.6
53.1

296.0
241.4
206.9
-34.5
54.6
47.2
7.4

307.3
251.1
213.5
-37.7
56.2
48.5
7.7

314.5
256.6

218.9
-37.7
57.9
49.9
8.0

51.1
8.3

61.8
53.2
8.6

241.7
-45.2
63.7
54.8

319.6
287.6
-32.0
70.1

60.3

9.6

400.9
328.9
302.5
-26.4
72.0
61.8
10.1

412.2
338.3
309.1
-29.2
73.8
63.5
10.3

2,263.8 2,331.3 2,386.8 2,444.5 2,434.1 2,478.5 2,585.3 2,709.3 2,728.6 2,817.1 2,829.8
186.8
9.5
33.5
10.9

189.8
10.1
47.0
11.1

194.2
10.7
39.4
12.0

199.8
10.7
40.4
12.7

208.0
11.0
43.8
13.8

215.9
11.2
32.9
15.3

224.2
12.0
18.6
16.2

244.1
12.5
40.4
16.3

248.7
13.2
29.5
15.0

251.2
13.7
19.0
16.9

253.1
14.3
21.3
16.2

2,007.6 2,044.8 2,095.5 2,154.5 2,206.2 2,185.1 2,233.9 2,346.6 2,428.7 2,452.2 2,550.0 2,557.3

157.3
.2

194.0
0
335.3
72.6
298.1
10.0

2,268.8 2,339.0 2,439.8 2,510.6 2,549.5 2,652.3 2,685.1

66

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1982

1984

1983

1985

Line

3,193.8

3,813.4

3,909.4

3,974.7

4,033.5

4,109.7

4,170.1

4,252.9

110.3
71.1

115.8
79.6

124.3
87.7

128.4
92.1

123.2
90.9

113.1
87.4

114.8
87.1

110.5
87.9

3,289.8

3,313.3

3,349.2

3,412.5

3,526.2

3,620.5

3,728.0

3,849.6

3,945.9

4,011.0

4,065.8

4,135.4

4,197.8

4,275.5

433.1
354.6
330.3
-24.3
78.4

440.6
360.6
339.9
-20.7

449.2
368.4
348.8

448.3
366.6

451.8
369.3

80.1

-19.6
80.8

69.0

69.7

486.3
397.0
432.9
36.0
89.3
77.0

11.0

11.2

85.1
73.5
11.7

478.9
390.7
419.8
29.1
88.3
76.2
12.1

502.6
410.5
464.3
53.8
92.1

67.7
10.8

470.3
383.4
396.6
13.2
86.9
75.1
11.8

509.8
417.0

371.8
2.5
82.5
71.1
11.4

463.0
377.9
386.8

493.9

361.8
-4.8
81.7
70.4
11.3

461.3
377.2
383.5
6.3
84.0
72.5
11.6

12.3

12.5

12.7

12.8

522.0
427.5
485.8
58.3
94.5
81.5
13.0

2,856.8

2,872.7

2,900.0

2,964.2

3,074.4

3,159.3

3,265.0

3,379.3

3,467.0

3,524.8

3,571.8

3,632.8

3,688.0

3,753.4

253.9
15.4
-2.0
17.1

257.8
15.4
-1.2
17.3

262.6
15.9
16.3
21.6

267.0
15.8
24.7
22.2

278.0
16.1
50.6
24.9

284.6
16.1
53.6
25.3

291.6
17.0
59.1
24.9

300.6
17.5
39.3
27.1

307.1
18.3
24.8
22.7

311.7
19.0
7.8
21.2

317.1
19.7
2.4
20.6

320.7
19.9
-0.4
20.0

331.1
20.3
3.7
19.5

331.8
21.0
17.2
20.5

2,560.3

2,606.6

2,618.1

2,626.9

2,678.9

2,754.6

2,830.2

2,922.3

3,049.0

3,139.4

3,207.5

3,253.2

3,315.6

3,352.4

3,403.9

193.8

206.0

206.5

198.7

219.3

250.2

267.7

279.3

305.7

314.8

305.7

312.8

315.3

319.2

335.5

255.6
207.1
-.1

Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

3,688.8

105.8
68.2

252.4
14.3
-3.2
16.6

Equals: National income

3,582.9

99.3
62.7

2,807.3

Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.

3,489.6

94.4
60.5

10.5

Equals: Net national product

3,378.5

97.8
64.2

66.2

Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises

3,315.6

102.5
67.8

423.0
346.3
321.5
-24.8
76.7

Equals: Gross national product

3,278.6

108.7
67.8

3,230.2

Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world

3,248.9

100.4
64.0

Gross domestic product

255.4
209.9
0
404.0

249.1

255.2
220.4
0
409.5

287.9

232.6
0
458.5

250.9
.2

321.7
260.0
0
523.2

12.3

80.1
367.3
12.6

325.7
275.5
.1
538.7
95.3
397.4

326.3
278.8
-1.0
545.4

77.9
364.4

272.9
227.2
-.4
440.9
84.8
367.3

283.1

75.2
348.9
12.0

257.8
223.6
-1.3
417.5
82.0
372.9
12.7

17.0

8.9

403.1
447.2
44.1

90.8
78.3

87.0
370.1

471.2
89.0
373.6

305.0
255.8
.2
494.5
90.9
376.2

12.8

13.2

14.0

14.8

15.5

323.8
263.2
.6
532.4
92.5
385.7
16.2

79.4

475.9
59.0
92.8
80.0

11.3

265.2
208.4
0
408.1
74.7
332.5
11.7

17.5

323.1
282.8
0
543.3
98.3
405.9
18.0

Equals: Personal income

2,709.4

2,754.0

2,786.4

2,823.7

2,853.6

2,909.2

2,968.6

3,056.2

3,152.0

3,239.9

3,327.6

3,379.7

3,447.2

3,489.3

3,528.1

Addenda:
Gross domestic income
Gross national income
Net domestic product

3,196.9
3,233.4
2,770.8

3,250.9
3,291.8
2,815.8

3,279.9
3,314.6
2,838.0

3,299.3
3,332.9
2,866.4

3,353.8
3,387.8
2,930.3

3,438.9
3,475.6
3,037.7

3,529.3
3,566.9
3,121.6

3,629.7
3,668.9
3,225.8

3,774.1
3,810.3
3,343.1

3,884.6
3,921.1
3,430.4

3,966.9
4,003.2
3,488.4

4,031.0
4,063.3
3,539.6

4,113.1
4,138.8
3,607.1

4,166.4
4,194.1
3,660.3

4,235.7
4,258.3
3,730.9

394.2
76.5
323.5

210.2
0
400.2

1986

90.9
377.7

97.0
400.4

1989

1988

Line

4,375.3

4,415.2

4,483.4

4,537.5

4,612.3

4,695.8

4,770.2

4,891.6

4,957.0

5,066.5

5,151.5

5,258.3

5,379.0

5,461.7

5,527.5

116.5
94.8

111.9
97.5

108.8
92.5

107.0
97.4

111.9
100.7

121.0
106.4

125.5
111.7

133.1
117.9

145.2
124.3

146.2
127.6

153.1
137.1

162.7
144.4

171.0
152.8

179.3
161.9

178.1
158.1

4,397.0

4,429.6

4,499.7

4,547.1

4,623.5

4,710.3

4,784.0

4,906.8

4,977.8

5,085.1

5,167.5

5,276.6

5,397.2

5,479.1

5,547.5

536.7
438.8
490.6
51.8

556.7
454.8
496.5
41.6
101.8
88.0
13.9

566.4
462.7
500.8
38.1
103.7
89.6
14.1

574.0
468.4
505.7
37.3
105.6
91.3
14.3

581.5
474.5
512.0
37.5
107.0
92.5
14.5

588.9
480.3
518.8
38.5
108.6
93.8
14.7

599.8
489.7
525.9
36.2
110.1
95.2
14.9

611.5
499.3
534.9
35.6
112.2
97.0
15.2

622.1
508.1
542.1
34.1
114.1
98.6
15.5

631.6
515.6
549.0
33.4
116.0
100.2

644.4
526.4
555.6

84.5
13.4

546.6
446.6
493.2
46.6
99.9
86.3
13.7

664.2
542.2
567.3
25.1
121.9
105.3

690.8
566.8
579.6
12.8
124.0
107.1

15.8

29.2
118.0
102.0
16.0

654.6
534.6
561.5
26.8
120.0
103.8
16.3

16.6

16.9

3,860.4

3,883.1

3,943.0

3,980.6

4,049.5

4,128.8

4,195.1

4,307.0

4,366.3

4,463.0

4,535.9

4,632.2

4,742.5

4,814.9

4,856.7

346.7
23.5
25.0
22.4

341.1
23.7
38.3
23.5

346.9
24.1
58.5
24.1

352.6
24.2
53.8
24.4

358.2
23.9
29.9
27.9

367.1
24.4
11.8
30.4

373.5
24.4
-21.2
30.8

378.3
23.9
-7.0
31.2

383.3
25.1
-33.8
31.6

388.5
25.4
-31.5
26.7

395.2
24.9
-44.4
26.6

403.5
25.7
-59.1
24.7

409.9
26.2
-20.4
23.4

417.2
25.4
19.9
22.4

426.5
25.4
30.3
21.9

3,487.7

3,503.5

3,537.6

3,574.5

3,665.3

3,756.0

3,849.3

3,943.0

4,023.3

4,107.3

4,186.9

4,286.8

4,350.2

4,375.0

4,396.4

313.5

302.5

293.2

293.7

309.7

342.5

364.3

370.0

381.1

400.4

408.5

430.2

406.7

397.4

390.0

343.2
298.0
0
574.9
103.3
419.8
20.0

344.7
300.7
0
580.1
106.4
425.4
20.7

345.5
305.0
0
581.0
107.4
432.8
21.0

340.9

346.2
316.3
0

366.2
325.0
.2

587.7
108.7
441.6
21.1

355.6
320.3
0
599.7
109.6
447.3
21.1

615.8
113.0
449.3
20.7

378.1
330.8
-.2
635.7
116.9
452.8
20.4

379.4
352.0
0
633.4
121.5
470.5
20.5

376.4
359.1
0
636.2
126.3
473.2
20.7

390.8
364.4
0
654.6
132.3
477.9
20.8

410.9
370.4
0
677.9
137.6
483.0
21.3

433.3
379.8
0
715.6
146.0
503.8
21.8

448.3
382.8
0
740.4
152.8
512.7
21.1

449.8
386.4
0
744.9
157.4
524.0
20.9

Equals: Personal income

3,650.9

3,688.2

3,736.0

3,774.7

3,852.2

3,915.3

3,992.4

4,090.1

4,156.8

4,227.7

4,308.7

4,395.1

4,517.5

4,573.5

4,617.4

Addenda:
Gross domestic income
Gross national income
Net domestic product

4,350.3
4,372.0
3,838.6

4,376.9
4,391.3
3,868.7

4,424.9
4,441.2
3,926.7

4,483.8
4,493.3
3,971.1

4,582.4
4,593.7
4,038.2

4,684.0
4,698.6
4,114.3

4,791.4
4,805.3
4,181.3

4,898.6
4,913.8
4,291.8

4,990.8
5,011.7
4,345.5

5,098.1
5,116.6
4,444.4

5,195.9
5,211.9
4,519.9

5,317.4
5,335.7
4,613.9

5,399.5
5,417.6
4,724.4

5,441.8
5,459.2
4,797.5

5,497.2
5,517.1
4,836.7

Gross domestic product
Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons




97.9

310.0
0
581.0
107.5
435.5
20.9

67

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income: Annually,
1929-97, and Quarterly, 194&-97-Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1992

1991

1990

1993

Line
III

I

I

5,720.8

5,800.0

5,844.9

5,847.3

5,886.3

5,962.0

6,015.9

6,080.7

6,183.6

6,276.6

6,345.8

6,469.8

6,521.6

6,596.7

6,655.5

6,795.5

183.3
158.6

184.0
158.2

184.2
163.0

201.8
157.5

186.2
153.3

167.3
145.8

160.8
142.7

156.4
130.3

153.7
128.7

156.1
131.6

148.0
126.5

146.5
123.9

150.9
120.5

153.3
129.4

156.2
126.6

157.3
143.8

5,745.5

5,825.8

5,866.1

5,891.5

5,919.1

5,983.6

6,034.0

6,106.8

6,208.6

6,301.1

6,367.3

6,492.4

6,552.0

6,620.6

6,685.1

6,809.1

695.6
567.2
568.7
1.6
128.4
111.0
17.4

705.0
574.5
573.0
-1.5
130.5
112.7
17.7

716.7
583.8
576.8
-7.0
132.9
114.8
18.1

727.9
592.6
580.4
-12.3
135.3
117.1
18.2

601.2
583.3
-18.0
137.4
118.9
18.5

744.1
604.9
586.7
-18.2
139.2
120.5
18.7

749.7
608.7
590.5
-18.2
141.0
122.0
19.0

759.7
617.5
596.3
-21.2
142.2
123.1
19.1

758.2
615.3
599.7
-15.5
143.0
123.7
19.3

765.3
620.7
604.7
-15.9
144.6
125.0
19.6

844.8
699.0
630.8
-68.1
145.9
125.9
19.9

781.6
634.0
615.9
-18.1
147.6
127.4
20.2

801.7
651.8
627.0
-24.7
149.9
129.3
20.6

803.4
651.6
631.4
-20.2
151.8
130.7
21.0

822.0
668.4
642.8
-25.5
153.6
132.4
21.2

824.1
668.9
650.4
-18.5
155.2
133.6
21.6

5,049.9

5,120.9

5,149.4

5,163.5

5,180.5

5,239.5

5,284.3

5,347.0

5,450.4

5,535.8

5,522.5

5,710.8

5,750.3

5,817.2

5,863.1

5,985.0

437.0
25.6
58.5
24.1

440.5
26.4
34.2
25.3

451.7
26.5
21.3
25.7

460.2
26.0
8.4
26.0

468.3
25.7
6.4
23.4

477.2
25.8
20.3
21.0

487.9
25.8
18.8
21.1

495.9
26.1
33.0
20.7

500.8
27.4
7.7
20.6

503.2
28.1
30.4
21.4

511.9
28.5
52.6
22.4

526.3
28.3
84.2
25.2

524.6
27.7
78.8
30.9

535.2
27.5
51.3
29.3

542.0
27.7
63.7
29.7

558.5
28.3
61.2
28.5

4,552.9

4,645.0

4,675.6

4,695.0

4,703.5

4,737.1

4,773.0

4,812.6

4,935.1

4,995.5

4,951.9

5,097.2

5,150.2

5,232.6

5,259.4

5,365.5

403.2

427.0

401.9

402.2

432.9

429.0

428.3

434.7

469.8

468.6

401.4

472.5

472.4

503.6

508.5

557.6

447.1
404.1
0
757.6
166.0
557.2
21.3

450.5
408.4
0
768.2
166.0
564.5
21.5

450.1
414.1
0
778.6
166.5
575.6
21.3

462.0
413.9
.2
785.4
163.2
595.0
21.1

440.0
424.4
.2
774.4
172.7
625.9
20.8

432.5
427.8
-.4
774.0
178.0
643.1
20.7

430.9
432.4
0
773.2
181.1
653.8
20.8

415.7
436.1
0
765.4
181.2
673.5
21.1

410.6
448.6
0
760.7
178.6
709.5
21.9

405.0
453.6
0
756.8
179.3
725.4
22.5

392.7
457.8
0
744.5
186.5
736.8
22.8

389.6
459.8
-63.0
738.6
196.8
745.2
22.9

386.6
468.4
72.1
737.3
192.2
763.3
22.3

378.8
476.2
1.9
729.8
198.2
773.2
22.0

369.5
480.0
1.9
720.9
206.4
781.7
22.0

362.4
486.6
-60.2
714.1
215.1
787.9
22.2

Equals: Personal income

4,800.8

4,879.3

4,951.4

4,981.4

4,999.9

5,064.1

5,110.1

5,167.4

5,276.8

5,352.2

5,390.7

5,541.8

5,465.8

5,595.3

5,630.3

5,748.5

Addenda:
Gross domestic income
Gross national income
Net domestic product

5,662.3
5,687.0
5,025.2

5,765.8
5,791.6
5,095.0

5,823.7
5,844.8
5,128.2

5,838.9
5,883.1
5,119.3

5,879.9
5,912.7
5,147.7

5,941.7
5,963.3
5,217.9

5,997.1
6,015.2
5,266.2

6,047.7
6,073.8
5,320.9

6,175.9
6,200.9
5,425.3

6,246.2
6,270.7
5,511.3

6,293.2
6,314.7
5,501.0

6,385.6
6,408.2
5,688.2

6,442.8
6,473.2
5,719.9

6,545.4
6,569.3
5,793.4

6,591.7
6,621.4
5,833.5

6,734.3
6,747.8
5,971.4

Gross domestic product
Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons

1994

1995

1997

1996

Line
II

I
V
6,887.8

7,015.7

7,096.0

7,217.7

7,297.5

7,342.6

7,432.8

7,529.3

7,629.6

7,782.7

7,859.0

7,981.4

8,124.2

8,279.8

8,390.9

8,478.6

164.0
143.3

175.2
158.5

191.1
176.0

206.8
191.9

224.2
202.8

234.5
209.2

231.6
220.4

238.7
215.3

239.1
212.3

237.7
220.0

245.6
234.1

259.8
243.5

268.1
260.4

282.6
270.6

289.5
282.8

285.0
283.2

6,908.5

7,032.4

7,111.1

7,232.6

7,318.9

7,367.9

7,444.1

7,552.7

7,656.5

7,800.3

7,870.5

7,997.7

8,131.8

8,291.8

8,397.7

8,480.4

915.2
756.8
691.1
-65.6
158.4
135.1
23.3

848.5
689.4
675.5
-13.8
159.1
136.7
22.4

861.5
700.8
687.7
-13.0
160.8
138.0
22.7

874.6
711.5
700.0
-11.5
163.1
140.1
23.0

889.6
724.2
710.3
-13.8
165.5
142.1
23.4

904.1
736.7
723.3
-13.4
167.3
143.7
23.7

915.9
747.0
734.6
-12.4
168.9
144.9
24.0

937.4
766.6
748.9
-17.7
170.8
146.5
24.3

938.4
766.1
758.1
-7.9
172.3
147.7
24.6

948.6
775.3
771.7
-3.6
173.3
148.5
24.8

962.5
787.5
786.2
-1.3
175.0
149.9
25.2

975.3
798.9
801.8
2.9
176.4
150.9
25.5

989.7
811.5
818.9
7.4
178.2
152.4
25.8

1,005.2
825.1
836.1
11.0
180.1
154.0
26.2

1,021.0
839.5
853.1
13.6
181.5
155.1
26.4

1,037.4
853.6
869.9
16.3
183.8
157.0
26.7

5,993.3

6,183.9

6,249.6

6,358.0

6,429.2

6,463.8

6,528.2

6,615.3

6,718.1

6,851.7

6,908.0

7,022.4

7,142.1

7,286.6

7,376.6

7,443.1

565.3
29.5
52.7
27.6

572.2
30.3
81.3
25.1

578.7
31.2
54.6
23.6

584.9
32.1
45.3
24.3

589.3
33.0
53.7
21.8

594.1
33.1
24.9
22.0

593.6
33.9
3.1
22.5

601.3
34.0
24.4
22.5

606.8
33.6
34.4
23.3

613.2
34.3
49.6
22.9

615.7
34.6
25.1
22.0

644.3
35.2
22.3
22.2

632.0
35.7
40.6
21.1

643.8
36.7
69.5
19.2

654.1
37.2
26.9
18.0

655.0
37.6
-18.0
18.2

5,373.4

5,525.2

5,608.7

5,719.9

5,775.0

5,833.7

5,920.0

5,978.1

6,066.6

6,177.5

6,254.5

6,342.9

6,454.8

6,555.8

6,676.4

6,786.7

498.8

569.3

598.5

626.2

630.0

655.5

692.8

696.7

736.7

748.6

755.0

775.8

798.5

825.6

858.3

852.7

364.6
498.2
56.4
714.4
219.8
801.1
23.1

369.6
506.2
4.7
727.1
229.5
805.2
23.6

385.4
510.9
4.7
750.2
240.3
811.5
24.0

402.5
518.5
4.7
778.0
249.2
822.8
24.4

396.8
525.6
16.4
784.8
248.4
845.4
25.1

392.8
530.4
16.4
791.9
250.8
856.3
25.7

386.7
535.9
16.4
794.7
251.8
865.0
26.1

383.0
540.9
16.4
798.7
264.8
873.7
26.3

378.2
544.7
3.6
797.2
285.9
892.6
26.1

385.5
552.9
3.6
805.9
290.4
900.0
26.2

388.1
559.5
3.6
814.6
302.4
905.5
26.5

393.3
566.1
3.6
824.6
310.9
911.5

402.2
576.4
-2.9
834.8
321.1
928.7
27.3

417.5
583.2
-2.9
854.1
331.5
933.2
27.7

429.0
590.8
-2.9
871.9
340.3
937.1
28.1

446.8
600.9
-2.9
895.1
346.7
938.5
28.3

Equals: Personal income

5,713.7

5,860.8

5,935.3

6,042.4

6,109.9

6,163.3

6,225.9

6,304.6

6,405.1

6,509.4

6,597.1

6,677.9

6,792.4

6,879.1

6,978.6

7,097.9

Addenda:
Gross domestic income
Gross national income
Net domestic product

6,835.1
6,855.8
5,972.6

6,934.4
6,951.1
6,167.3

7,041.4
7,056.5
6,234.5

7,172.4
7,187.3
6,343.0

7,243.8
7,265.2
6,407.8

7,317.7
7,343.0
6,438.5

7,429.7
7,440.9
6,516.9

7,504.9
7,528.3
6,591.9

7,595.2
7,622.1
6,691.2

7,733.1
7,750.7
6,834.1

7,833.9
7,845.4
6,896.5

7,959.1
7,975.4
7,006.1

8,083.5
8,091.2
7,134.4

8,210.3
8,222.3
7,274.5

8,364.0
8,370.7
7,369.9

8,496.7
8,498.5
7,441.3

Gross domestic product
Plus: Income receipts from the rest of the world ....
Less: Income payments to the rest of the world
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons




68

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product: Annually, 1929-97, and
Quarterly, 1947-97
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1930

1931

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

822.2

751.5

703.6

611.8

603.3

668.3

728.3

822.5

865.8

835.6

903.5

980.7

1,148.8

1,360.0

1,583.7

1,714.1

1,693.3

1,505.5

4

828.9

757.9

708.8

616.1

606.8

671.4

731.9

825.5

869.9

840.0

908.0

984.5

1,153.8

1,364.8

1,588.2

1,718.8

1,697.1

1,511.0

5
6
7
8
9

76.8
74.2
7.3

79.0
76.1
7.7

78.9
75.6
8.1

77.7
73.9
8.5

74.6
70.3
8.7

73.8
69.1
9.0

73.4
68.1
9.4

74.5
68.7
9.9

76.9
70.7
10.4

79.1
72.4
11.0

79.5
72.1
11.7

81.7
73.6
12.3

87.5
76.9
15.0

99.0
78.0
24.8

115.S
75.4
43.6

136.2
74.2
65.2

149.5
75.5
77.7

150.8
80.2
74.1

Line
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

Less' Consumption of fixed capital
Private
Government
General government
Government enterprises

1932

1933

1934

1935

2
3

Equals: Gross national product

1929

Equals: Net national product

10

753.4

680.4

631.4

539.6

533.5

599.4

660.9

754.1

796.5

763.6

832.4

907.8

1,073.3

1,274.8

1,482.8

1,592.4

1,555.8

1,366.3

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

11
12
13

815.4
822.1
746.7

754.2
760.6
674.0

695.4
700.7
626.2

607.1
611.4
535.4

595.9
599.5
529.9

662.9
665.9
596.3

729.0
732.6
657.2

809.3
812.3
751.1

865.0
869.1
792.3

828.0
832.4
759.2

889.7
894.2
827.8

969.0
972.8
903.9

1,144.7
1,149.6
1,068.3

1,367.2
1,372.0
1,270.0

1,597.5
1,602.0
1,478.4

1,693.4
1,698.1
1,587.7

1,663.0
1,666.9
1,551.9

1,500.9
1,506.3
1,360.9

Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1,495.1

1,560.0

1,550.9

1,686.6

1,815.1

1,887.3

1,973.9

1,960.5

2,099.5

2,141.1

2,183.9

2,162.8

2,319.0

2,376.7

2,432.0

2,578.9

2,690.4

4

1,502.7

1,569.0

1,559.1

1,695.6

1,826.3

1,899.2

1,985.1

1,972.5

2,113.0

2,156.0

2,199.6

2,176.3

2,332.8

2,391.9

2,448.8

2,598.0

2,710.8

5
6
7
8
9

145.1
84.9
62.9

143.7
91.8
54.0

144.8
98.0
48.1

147.5
104.0
44.3

153.0
109.7
44.0

160.5
113.6
47.7

168.9
118.2
51.9

176.7
122.9
55.1

183.8
128.5
56.5

190.4
134.1
57.5

196.5
139.0
58.5

200.7
142.3
59.5

205.3
145.1
61.4

212.1
149.8
63.6

218.2
153.8
65.6

225.6
158.7
68.3

234.2
164.7
70.9

Line

Equals: Net national product

10

1,364.1

1,433.2

1,421.9

1,558.2

1,685.2

1,750.7

1,828.6

1,806.4

1,941.6

1,977.5

2,014.8

1,985.4

2,140.5

2,192.7

2,243.7

2,387.6

2,492.6

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

11
12
13

1,482.6
1,490.2
1,356.6

1,564.2
1,573.2
1,424.1

1,540.4
1,548.5
1,413.6

1,676.6
1,685.7
1,549.1

1,794.4
1,805.7
1,673.9

1,870.7
1,882.7
1,738.8

1,950.2
1,961.4
1,817.3

1,940.7
1,952.7
1,794.3

2,084.0
2,097.5
1,928.0

2,145.3
2,160.2
1,962.5

2,180.9
2,196.7
1,998.8

2,154.8
2,168.4
1,971.8

2,315.2
2,329.0
2,126.7

2,379.2
2,394.4
2,177.4

2,432.8
2,449.7
2,226.8

2,575.8
2,594.9
2,368.3

2,692.2
2,712.6
2,472.1

Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises
Equals: Net national product
Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

2,846.5

3,028.5

3,227.5

3,308.3

3,466.1

3,571.4

3,578.0

3,697.7

3,898.4

4,123.4

4,099.0

4,084.4

4,311.7

4,511.8

4,760.6

4,912.1

4,900.9

4

2,868.5

3,051.7

3,248.9

3,330.4

3,489.8

3,594.1

3,600.6

3,722.9

3,925.7

4,161.0

4,142.3

4,117.7

4,351.4

4,556.6

4,805.3

4,973.9

4,962.3

5
6
7
8
9

243.6
171.9
73.1

255.5
181.8
75.0

270.2
194.0
77.4

284.9
205.4
80.7

299.3
216.7
83.7

314.3
229.4
85.8

327.4
241.1
87.1

339.1
252.5
87.2

356.1
269.8
86.8

369.3
283.2
86.7

385.3
299.0
86.9

398.7
311.5
87.8

411.9
323.7
88.9

428.3
339.0
89.8

448.9
358.1
91.2

474.5
381.7
93.0

496.0
400.8
95.4

10

2,642.8

2,815.9

3,000.1

3,065.9

3,211.6

3,300.6

3,291.9

3,403.1

3,590.1

3,814.8

3,776.8

3,735.4

3,959.0

4,149.4

4,379.3

4,520.8

4,481.8

11
12
13

2,841.3
2,863.3
2,620.5

3,020.5
3,043.6
2,792.6

3,201.2
3,222.7
2,978.4

3,289.3
3,311.2
3,043.7

3,449.7
3,473.4
3,187.8

3,560.7
3,583.5
3,277.8

3,554.4
3,576.9
3,269.2

3,660.4
3,685.7
3,377.6

3,870.9
3,898.2
3,562.5

4,099.4
4,136.9
3,776.9

4,072.1
4,115.3
3,733.1

4,040.2
4,073.5
3,701.9

4,253.8
4,293.6
3,918.8

4,463.5
4,508.4
4,104.1

4,717.4
4,762.1
4,334.1

4,844.1
4,906.0
4,458.1

4,841.0
4,902.3
4,419.6

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

5,021.0

4,919.3

5,132.3

5,505.2

5,717.1

5,912.4

6,113.3

6,368.4

6,591.8

6,707.9

6,676.4

6,880.0

7,062.6

7,347.7

7,543.8

7,813.2

8,159.5

161.6
144.0

192.6
169.8

215.7
192.0

219.2
186.9

188.4
161.1

165.1
139.1

164.6
139.2

191.9
175.2

236.5
216.2

245.6
227.5

276.8
268.0

Line

Line
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product

4

5,075.4

4,973.6

5,184.9

5,553.8

5,750.9

5,932.5

6,130.8

6,391.1

6,615.5

6,740.0

6,703.4

6,905.8

7,087.8

7,364.3

7,564.0

7,831.2

8,168.1

Less" Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

516.7
418.7
98.0

537.7
436.9
100.7

557.6
453.4
104.2

583.1
474.2
108.9

618.2
503.1
115.0

647.6
525.7
121.8

675.6
547.0
128.7
110.6
18.0

702.9
568.2
134.8
116.1
18.7

740.1
599.1
141.1
121.5
19.6

759.7
612.6
147.3
127.1
20.2

786.0
633.2
153.0
132.1
21.0

825.6
667.9
157.9
136.0
21.8

839.6
677.7
162.0
139.3
22.7

890.4
724.3
166.2
142.3
23.9

912.3
742.6
169.7
145.4
24.2

956.2
781.9
174.3
149.2
25.0

1,011.6
831.8
179.8
153.9
25.9

Equals: Net national product

10

4,572.3

4,441.1

4,633.2

4,979.9

5,139.9

5,290.8

5,460.3

5,693.7

5,879.5

5,984.1

5,918.6

6,080.5

6,248.9

6,474.0

6,651.9

6,875.0

7,156.7

Addenda:
Gross domestic income i
Gross national income 2
Net domestic product

11
12
13

4,976.5
5,031.1
4,517.1

4,915.8
4,970.0
4,386.1

5,064.2
5,116.8
4,580.0

5,479.0
5,527.6
4,930.7

5,701.2
5,735.1
5,105.8

5,854.2
5,874.3
5,270.7

6,108.8
6,126.3
5,442.9

6,420.8
6,443.5
5,671.0

6,572.5
6,596.1
5,855.9

6,672.3
6,704.5
5,951.9

6,654.6
6,681.6
5,891.5

6,832.7
6,858.4
6,054.7

6,994.8
7,020.0
6,223.7

7,286.8
7,303.3
6,457.4

7,516.7
7,536.9
6,631.7

7,780.3
7,798.4
6,857.0

8,130.2
8,138.9
7,147.9

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See footnotes and note at the end of the table.




69

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product: Annually, 1929-97, and
Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1947

1949

1948

1951

1950

Line

I

II

III

IV

I

II

III

IV

I

II

III

1,481.7

1,489.4

1,493.1

1,516.4

1,537.9

1,562.0

1,568.4

1,571.4

1,549.4

1,545.1

1,562.6

I

II

1,546.5

1,610.5

1,658.8

1,723.0

IV

III

I

II

1,753.9

1,773.5

1,803.7

IV

Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product

4

1,488.9

1,496.9

1,500.5

1,524.3

1,546.6

1,571.1

1,577.6

1,580.5

1,558.2

1,553.6

1,570.7

1,553.9

1,618.4

1,667.2

1,733.1

1,763.9

1,782.9

1,814.9

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

147.0
82.8
67.3

145.4
84.1
64.2

144.4
85.6
61.4

143.6
87.2
58.9

143.8
89.2
56.9

143.7
91.0
54.8

143.7
92.7
53.0

143.8
94.3
51.3

144.1
95.7
50.0

144.5
97.3
48.7

145.1
98.8
47.6

145.4
100.3
46.3

145.9
101.8
45.2

146.9
103.3
44.5

147.9
104.8
43.9

149.1
106.2
43.6

150.5
107.8
43.3

152.1
109.1
43.6

Equals: Net national product

10

1,348.0

1,358.0

1,362.7

1,387.7

1,410.3

1,435.4

1,442.0

1,444.9

1,421.7

1,416.6

1,433.4

1,415.8

1,481.1

1,529.8

1,595.8

1,625.9

1,643.8

1,674.6

Addenda:
Gross domestic income 1
Gross national income 2
Net domestic product

11
12
13

1,477.9
1,485.1
1,340.8

1,475.7
1,483.2
1,350.4

1,479.3
1,486.8
1,355.3

1,497.7
1,505.6
1,379.8

1,538.5
1,547.2
1,401.6

1,571.2
1,580.3
1,426.3

1,570.3
1,579.4
1,432.8

1,576.8
1,585.9
1,435.6

1,546.4
1,555.1
1,412.9

1,538.5
1,546.9
1,408.1

1,548.1
1,556.3
1,425.2

1,528.4
1,535.8
1,408.4

1,586.6
1,594.5
1,473.2

1,648.4
1,656.7
1,521.4

1,717.1
1,727.2
1,585.7

1,754.3
1,764.3
1,616.0

1,758.8
1,768.2
1,634.3

1,779.8
1,791.0
1,663.3

1952

1951

1953

1954

1955

Line

III
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1,839.8

1,843.3

1,864.7

1,866.2

1,878.0

1,940.2

1,976.0

1,992.2

1,979.5

1,947.8

1,938.1

1,941.0

1,962.0

2,000.9

2,058.1

2,091.0

2,118.9

2,130.1

2
3

Equals' Gross national product

4

1,851.6

1,855.8

1,876.7

1,878.2

1,889.9

1,951.9

1,987.4

2,004.3

1,990.2

1,958.6

1,949.7

1,952.6

1,973.7

2,014.1

2,071.6

2,104.3

2,132.4

2,143.9

Less1 Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

153.8
110.3
44.1

155.7
111.4
44.9

157.5
112.1
46.1

159.5
113.1
47.2

161.4
114.1
48.2

163.6
115.2
49.4

165.9
116.4
50.5

168.0
117.6
51.6

169.9
118.7
52.3

171.9
119.9
53.3

174.0
121.0
54.3

175.7
122.2
54.8

177.6
123.5
55.4

179.4
124.9
55.8

181.2
126.4
56.1

183.0
127.8
56.4

184.7
129.3
56.7

186.3
130.7
56.8

Equals* Net national product

10

1,710.1

1,712.2

1,731.4

1,730.6

1,740.1

1,801.0

1,834.6

1,849.3

1,832.6

1,797.7

1,786.3

1,787.0

1,806.4

1,845.7

1,902.3

1,933.6

1,960.2

1,970.2

Addenda:
Gross domestic income l
Gross national income 2
Net domestic product

11
12
13

1,811.8
1,823.7
1,698.3

1,827.4
1,840.0
1,699.6

1,845.5
1,857.5
1,719.3

1,852.6
1,864.7
1,718.4

1,864.3
1,876.3
1,728.1

1,920.6
1,932.1
1,789.3

1,953.8
1,965.2
1,823.2

1,970.3
1,982.2
1,837.1

1,958.4
1,969.1
1,821.9

1,918.5
1,929.3
1,786.9

1,919.2
1,930.8
1,774.6

1,921.0
1,932.7
1,775.5

1,938.8
1,950.5
1,794.6

1,983.7
1,996.9
1,832.3

2,035.4
2,049.0
1,888.6

2,077.5
2,090.8
1,920.2

2,103.2
2,116.7
1,946.7

2,119.8
2,133.7
1,956.3

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

I

II

2,121.0

2,137.7

2,135.3

2,170.4

2,182.7

2,177.7

2,198.9

2,176.0

2,117.4

2,129.7

2,177.5

2,226.5

2,273.0

2,332.4

2,331.4

2,339.1

2,391.0

2,379.2

1957

1956

1958

1959

1960

Line

Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product

4

2,136.4

2,152.8

2,150.8

2,184.1

2,198.8

2,195.0

2,215.5

2,189.2

2,131.0

2,143.6

2,190.9

2,239.7

2,286.2

2,345.5

2,345.5

2,354.1

2,405.4

2,393.9

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

188.0
132.1
57.1

189.7
133.4
57.4

191.3
134.8
57.7

192.8
136.1
57.8

194.5
137.4
58.1

195.8
138.6
58.4

197.2
139.6
58.7

198.3
140.5
58.9

199.2
141.3
59.1

200.2
142.0
59.4

201.2
142.6
59.6

202.3
143.3
60.0

203.0
143.6
60.5

204.5
144.5
61.1

206.0
145.5
61.6

207.7
146.7
62.3

209.7
148.1
62.8

211.3
149.2
63.3

Equals* Net national product

10

1,960.4

1,975.2

1,971.1

2,003.4

2,016.4

2,010.8

2,030.3

2,001.7

1,940.8

1,952.4

1,999.8

2,048.6

2,095.4

2,154.6

2,152.7

2,159.4

2,209.6

2,195.8

Addenda:
Gross domestic income l
Gross national income 2
Net domestic product

11
12
13

2,1201
2,135.4
1,944.9

2,142.7
2,157.7
1,959.9

2,141.0
2,156.4
1,955.4

2,177.5
2,191.2
1,989.7

2,179.8
2,195.8
2,000.2

2,179.6
2,197.0
1,993.3

2,192.2
2,208.8
2,013.6

2,172.1
2,185.4
1,988.3

2,120.3
2,134.0
1,927.1

2,122.2
2,136.1
1,938.5

2,161.5
2,175.0
1,986.3

2,215.2
2,228.4
2,035.4

2,271.0
2,284.1
2,082.3

2,337.3
2,350.4
2,141.6

2,318.5
2,332.5
2,138.6

2,334.0
2,349.0
2,144.3

2,387.0
2,401.4
2,195.2

2,382.0
2,396.8
2,181.0

1960

1962

1961

Line

1964

1963

III
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

IV

I

II

III

IV

1

II

III

IV

I

II

III

IV

I

II

III

IV

2,383.6

2,352.9

2,366.5

2,410.8

2,450.4

2,500.4

2,544.0

2,571.5

2,596.8

2,603.3

2,634.1

2,668.4

2,719.6

2,739.4

2,800.5

2,833.8

2,872.0

2,879.5

2
3

Equals: Gross national product

4

2,398.9

2,369.3

2,383.7

2,427.1

2,467.2

2,517.5

2,561.0

2,590.3

2,615.7

2,625.1

2,654.8

2,688.2

2,739.8

2,760.3

2,823.2

2,855.7

2,894.7

2,900.5

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

213.0
150.4
63.9

214.5
151.4
64.4

215.8
152.3
64.8

217.3
153.3
65.4

218.9
154.3
65.9

220.6
155.5
66.5

222.7
156.7
67.4

224.5
158.0
67.9

226.6
159.3
68.7

228.6
160.7
69.3

230.9
162.3
70.0

233.0
163.9
70.6

235.2
165.5
71.2

237.5
167.2
71.8

239.8
168.9
72.4

242.2
170.8
72.9

244.8
172.9
73.3

247.6
175.2
73.8

Equals: Net national product

10

2,198.9

2,166.5

2,179.8

2,222.4

2,261.5

2,311.2

2,353.2

2,380.9

2,404.5

2,411.6

2,439.3

2,470.9

2,521.1

2,539.2

2,601.0

2,631.2

2,668.1

2,670.8

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

11
12
13

2,379.9
2,395.3
2,183.5

2,367.6
2,384.1
2,150.1

2,369.2
2,386.5
2,162.4

2,410.2
2,426.7
2,206.0

2,447.9
2,464.5
2,244.8

2,503.9
2,521.1
2,293.9

2,535.9
2,552.8
2,336.0

2,563.8
2,582.6
2,362.0

2,589.6
2,608.6
2,385.5

2,614.0
2,635.7
2,389.7

2,636.2
2,656.9
2,418.5

2,678.3
2,698.2
2,450.9

2,714.2
2,734.4
2,500.7

2,740.0
2,760.9
2,518.2

2,784.4
2,807.3
2,578.1

2,822.8
2,844.7
2,609.1

2,865.3
2,887.9
2,645.3

2,892.5
2,913.5
2,649.6

See footnotes and note at the end of the table.




70

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product: Annually, 1929-97, and
Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1965

1967

1966

1969

1968

Line

1
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

II

III

IV

2,950.1

2,989.9

3,050.7

3,123.6

II
3,201.1

11
1

IV

1

II

III

IV

II

3,213.2

3,233.6

3,261.8

3,291.8

3,289.7

3,313.5

3,338.3

3,406.2

III

IV

I

II

3,464.8

3,489.2

3,504.1

3,558.3

3,567.6

2
3

Equals: Gross national product

4

2,974.0

3,014.6

3,073.6

3,144.5

3,222.6

3,234.8

3,254.7

3,283.7

3,313.4

3,310.7

3,336.6

3,360.8

3,429.2

3,488.3

3,513.4

3,528.1

3,582.2

3,590.6

Less: Consumption of fixed capital
Private .
Government
General government
Government enterprises

5
6
7
8
9

250.5
177.7
74.3

253.7
180.3
74.7

257.1
183.2
75.2

260.7
186.1
75.8

264.5
189.4
76.4

268.3
192.5
77.0

272.1
195.5
77.8

275.8
198.4
78.6

279.4
201.2
79.4

283.1
204.0
80.3

286.7
206.8
81.1

290.3
209.6
81.9

293.9
212.3
82.8

297.5
215.2
83.4

301.2
218.2
84.1

304.9
221.3
84.6

308.9
224.7
85.3

312.5
227.9
85.7

Equals: Net national product

10

2,742.4

2,780.1

2,836.4

2,904.6

2,979.9

2,987.8

3,003.6

3,028.9

3,055.0

3,047.8

3,070.1

3,090.5

3,156.3

3,212.4

3,233.6

3,244.2

3,294.9

3,299.1

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

11
12
13

3,268.8
3,289.8
3,026.7

3,300.0
3,323.0
3,046.8

3 ,332.7
3 ,355.1
3 ,067.9

3,383.4
3,406.4
3,133.1

3,435.1
3,458.6
3,188.7

3,479.0
3,503.1
3,209.3

3,501.5
3,525.5
3,220.1

3,534.0
3,558.1
3,270.6

3,555.8
3,578.8
3,275.9

2,953.0
2,976.9
2,718.2

2,992.0
3,016.6
2,755.1

3,034.9
3,057.8
2,813.3

3102.2
3,123.1
2,883.6

1969

3,166.2
3,187.8
2,958.2

3,189.0
3,210.5
2,966.2

3,209.5
3,230.5
2,982.5

3,240.0
3,261.8
3,006.9

3,255.5
3,277.0
3,033.3

1971

1970

1972

1973

Line

III
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

I

II

III

IV

I

II

III

IV

I

II

III

IV

3,588.3

3,571.4

3,566.5

3,573.9

3,605.2

3,566.5

3,666.1

3,686.2

3,714.5

3,723.8

3,796.9

3,883.8

3,922.3

3,990.5

II

III

IV

4,092.3

4,133.3

4,117.0

4,151.1

2
3

Equals: Gross national product

IV

4

3,610.3

3,593.3

3,589.1

3,597.4

3,628.3

3,587.6

3,691.3

3,712.8

3,738.4

3,749.2

3,823.4

3,910.0

3,950.7

4,018.7

4,125.0

4,168.3

4,158.0

4,192.5

Less" Consumption of fixed capital
Private
Government
General government....
Government enterprises

5
6
7
8
9

316.1
231.0
86.0

319.5
234.0
86.4

322.9
236.9
86.9

325.9
239.8
86.9

328.9
242.5
87.2

331.8
245.2
87.3

336.1
249.4
87.3

337.2
250.6
87.2

340.1
253.5
87.2

342.9
256.6
86.9

346.2
259.9
87.0

368.1
281.6
86.9

353.2
266.9
86.7

357.0
270.8
86.8

360.9
274.7
86.7

373.1
287.0
86.6

369.4
283.3
86.6

373.9
287.7
86.8

Equals: Net national product

10

3,315.0

3,293.7

3,285.4

3,290.3

3,318.4

3,273.4

3,374.3

3,395.0

3,417.7

3,425.4

3,497.2

3,560.0

3, 519.2

3,684.0

3,788.0

3,817 9

3,811.7

3,841.5

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product

11
12
13

3,579.1
3,601.1
3,292.9

3,574.0
3,596.0
3,271.7

3,548.3
3,570.9
3,262.7

3,548.7
3,572.2
3,266.8

3,577.4
3,600.5
3,295.2

3,543.0
3,564.1
3,252.3

3,618.3
3,643.6
3,349.0

3,640.9
3,667.5
3,368.2

3,669.1
3,693.0
3,393.5

3,713.2
3,738.6
3,399.8

3,771.3
3,797.8
3,470.5

3,836.6
3,862.6
3,533.7

3, 386.3 3,989.5
3, 314 7 4,017.7
3, 590.5 3,655.6

4,067.5
4,100.1
3,755.0

4,087 5
4,122 6
3,782 6

4,102.8
4,143.8
3,770.2

4,139.8
4,181.2
3,799.7

. .

1974

1975

1977

1976

Line

1
Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

II

III

IV

I

II

III

IV

I

II

III

IV

4,119.3

4,130.4

4,084.5

4,062.0

4,010.0

4,045.2

4,115.4

4,167.2

4,266.1

4,301.5

4,321.9

4,357.4

II

III

IV

4,410.5

4,489.8

4,570.6

4,576.1

2
3

Equals: Gross national product

4

4,168.1

4,176.5

4,126.5

4,098.0

4,040.1

4,075.6

4,148.4

4,206.7

4,304.2

4,341.2

4,362.0

4,398.4

4,457.6

4,535.9

4,616.4

4,616.6

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

378.6
292.5
86.6

385.0
298.7
86.8

386.8
300.6
86.8

390.7
304.1
87.2

393.8
307.1
87.3

397.1
310.1
87.6

400.3
313.0
87.9

403.4
315.9
88.1

406.5
318.6
88.5

411.2
323.0
88.8

413.2
324.8
89.0

416.9
328.2
89.3

420.7
331.9
89.4

427.3
338.2
89.6

430.3
340.9
90.0

434.7
345.0
90.2

Equals* Net national product

10

3,811.2

3,812.3

3,758.9

3,725.0

3,661.8

3,694.1

3,764.9

3,820.9

3,917.2

3,949.4

3,968.2

4,001.1

4,057.2

4,129.4

4,208.2

4,203.0

Addenda:
Gross domestic income'
Gross national income 2
Net domestic product ..

11
12
13

4,108.1
4,157.1
3,761.7

4,091.5
4,137.6
3,765.5

4,070.9
4,112.9
3,716.4

4,017.8
4,053.8
3,688.6

3,958.7
3,988.9
3,631.4

3,995.9
4,026.3
3,663.5

4,083.3
4,116.2
3,731.7

4,123.0
4,162.5
3,780.9

4,212.5
4,250.7
3,878.6

4,242.1
4,281.8
3,909.3

4,271.3
4,311.4
3,927.7

4,289.2
4,330.3
3,959.6

4,349.1
4,396.3
4,009.4

4,436.7
4,482.9
4,082.7

4,522.2
4,568.0
4,162.0

4,546.1
4,586.6
4,162.2

1

II

III

IV

4,588.9

4,765.7

4,811.7

4,876.0

1979

1978

1981

1980

Line

Gross domestic product

1

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

II

III

IV

1

II

III

IV

4,888.3

4,891.4

4,926.2

4,942.6

4,958.9

4,857.8

4,850.3

4,936.6

II

III

IV

5,032.5

4,997.3

5,056.8

4,997.1

2
3

Equals: Gross national product

4

4,636.0

4,804.8

4,854.6

4,925.8

4,939.6

4,949.3

4,995.6

5,011.4

5,028.8

4,922.5

4,911.3

4,986.3

5,086.4

5,048.1

5,110.5

5,056.8

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

5
6
7
8
9

440.4
350.2
90.7

445.9
355.4
90.9

451.8
360.7
91.5

457.5
366.1
91.8

463.5
371.7
92.2

473.0
380.5
92.7

480.4
387.4
93.2

481.0
387.4
93.8

488.8
394.5
94.4

494.5
399.6
95.1

497.6
402.1
95.6

503.2
406.9
96.3

508.8
411.9
97.0

514.2
416.6
97.7

519.4
421.0
98.4

524.3
425.3
99.0

Equals: Net national product

10

4,215.9

4,382.5

4,426.4

4,492.3

4,499.2

4,497.2

4,535.6

4,551.3

4,559.4

4,442.8

4,427.5

4,497.7

4,593.5

4,547.4

4,605.0

4,543.5

Addenda:
Gross domestic income 1
Gross national income 2
Net domestic product

11
12
13

4,579.4
4,626.5
4,168.2

4,724.1
4,763.2
4,343.1

4,758.7
4,801.6
4,383.0

4 807.5
4,857.2
4,442.0

4,843.2
4,894.5
4,447.2

4,826.6
4,884.5
4,438.6

4,837.2
4,906.6
4,465.1

4,869.5
4,938.3
4,481.2

4,885.6
4,955.5
4,488.4

4,780.0
4,844.7
4,377.1

4,793.2
4,854.2
4,365.5

4,905.1
4,954.8
4,447.4

4,965.9
5,019.8
4,539.0

4,949.6
5,000.4
4,495.9

5,026.7
5,080.4
4,550.6

4,963.9
5,023.7
4,482.9

See footnotes and note at the end of the table.




71

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product: Annually, 1929-97, and
Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; quarters seasonally adjusted at annual rates]
1982

1983

1985

Line
III
4,914.3

4,935.5

4,912.1

4,915.6

4,972.4

5,089.8

5,180.4

5,286.8

5,402.3

5,493.8

5,541.3

5,583.1

5,629.7

5,673.8

5,758.6

5,806.0

4,969.4

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

4,996.9

4,963.4

4,964.8

5,021.5

5,142.2

5,233.9

5,342.0

5,452.6

5,544.3

5,591.1

5,627.1

5,664.3

5,710.9

5,788.6

5,839.6

Less: Consumption of fixed capital
Private
Government
General government
Government enterprises
Equals: Net national product

529.2
429.5
99.7

533.8
433.5
100.3

538.5
437.4
101.1

549.1
447.2
101.9

547.5
444.7
102.7

552.7
449.0
103.7

565.8
461.1
104.7

564.6
458.9
105.7

571.8
464.8
107.0

579.0
470.9
108.1

586.8
477.2
109.5

594.8
483.9
110.9

603.4
490.9
112.5

611.8
497.7
114.1

624.7
508.8
115.8

632.8
515.2
117.6

4,447.3

4,469.8

4,429.5

4,417.8

4,478.1

4,595.6

4,673.6

4,785.7

4,890.1

4,975.1

5,013.6

5,040.9

5,068.8

5,106.6

5,170.8

5,213.3

Addenda:
Gross domestic income»
Gross national income 2
Net domestic product

4,919.2
4,974.3
4,391.5

4,938.5
4,999.9
4,407.5

4,913.9
4,965.2
4,377.4

4,891.5
4,940.6
4,368.0

4,936.0
4,985.1
4,428.4

5,016.0
5,068.4
4,542.5

5,102.9
5,156.3
4,619.5

5,202.1
5,257.3
4,729.7

5,346.7
5,397.0
4,839.2

5,459.0
5,509.5
4,924.1

5,530.4
5,580.3
4,963.3

5,579.7
5,623.7
4,996.5

5,634.4
5,669.0
5,034.0

5,668.8
5,705.8
5,069.1

5,735.3
5,765.3
5,140.7

5,766.6
5,800.1
5,179.5

Equals: Gross national product

1987

1986

1989

Line

5,883.3

5,937.9

5,969.5

Plus: Income receipts from the rest of the world ,
Less: Income payments to the rest of the world ..

6,013.3

6,077.2

6,128.1

6,234.4

6,275.9

6,349.8

6,382.3

6,465.2

6,543.8

6,579.4

6,610.6

6,633.5

149.2
134.9

5,858.9

Gross domestic product

159.9
141.1

164.5
146.8

172.9
153.2

187.1
160.8

186.5
163.4

193.3
173.6

203.4
181.2

211.2
189.4

218.9
198.6

215.9
193.2

216.7
186.8

5,887.3

5,901.9

5,959.0

5,981.7

6,027.6

6,095.8

6,145.8

6,254.1

6,302.0

6,372.8

6,402.0

6,487.4

6,565.6

6,599.7

6,633.4

6,663.4

636.3
517.0
119.3

644.0
523.0
120.9

651.4
528.7
122.7

658.6
534.2
124.5

665.4
539.2
126.2
108.4
17.8

672.3
544.4
127.9
109.9
18.0

679.1
549.6
129.5
111.4
18.1

685.8
554.8
131.1
112.7
18.3

692.6
560.1
132.5
114.1
18.5

699.5
565.4
134.1
115.5
18.6

706.3
570.8
135.6
116.8
18.8

713.3
576.3
137.1
118.1
19.0

720.2
581.7
138.6
119.4
19.2

727.3
587.3
140.1
120.7
19.3

753.9
612.2
141.6
122.1
19.5

759.2
615.2
144.1
123.5
20.6

Equals: Net national product

5,257.8

5,263.9

5,313.3

5,328.2

5,367.0

5,428.6

5,471.6

5,574.0

5,615.0

5,679.1

5,701.0

5,779.8

5,851.2

5,877.8

5,882.4

5,906.8

Addenda:
Gross domestic income !
Gross national income 2
Net domestic product

5,825.3
5,853.8
5,229.2

5,832.3
5,850.9
5,245.2

5,860.4
5,881.5
5,292.2

5,898.7
5,911.0
5,316.1

5,974.4
5,988.6
5,352.9

6,062.0
6,080.7
5,410.0

6,155.3
6,173.1
5,454.0

6,243.3
6,263.0
5,554.4

6,318.7
6,344.8
5,588.8

6,389.3
6,412.2
5,656.1

6,437.4
6,457.1
5,681.3

6,537.9
6,560.1
5,757.7

6,568.7
6,590.4
5,829.5

6,555.4
6,575.8
5,857.6

6,574.3
6,597.1
5,859.6

6,591.4
6,621.3
5,877.0

Equals: Gross national product
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

1991

1990

1993

1992

Line
IV

IV

6,716.3

6,731.7

6,719.4

6,664.2

6,631.4

6,668.5

6,684.9

6,720.9

6,783.3

6,846.8

6,899.7

6,990.6

6,988.7

7,031.2

7,062.0

7,168.7

217.3
189.8

215.9
186.7

213.3
190.1

230.4
181.0

210.9
174.6

188.6
164.8

180.1
160.0

173.9
145.0

169.5
141.5

171.0
143.7

161.2
137.3

158.5
133.8

162.1
129.6

163.7
138.7

166.2
135.5

166.4
152.8

6,743.6

6,760.8

6,742.6

6,713.3

6,667.4

6,692.1

6,704.7

6,749.4

6,811.1

6,873.8

6,923.3

7,015.1

7,020.9

7,056.0

7,092.4

7,182.1

749.4
604.7
144.9
125.0
19.9

756.5
610.1
146.5
126.4
20.1

763.2
615.4
148.0
127.8
20.3

769.7
620.3
149.6
129.1
20.5

775.8
625.1
151.0
130.3
20.7

781.7
629.5
152.4
131.5
20.9

794.2
640.6
153.8
132.7
21.1

792.4
637.6
155.0
133.7
21.3

796.9
641.0
156.2
134.7
21.5

802.3
645.3
157.3
135.6
21.7

888.4
729.7
158.4
136.5
21.9

814.9
655.6
159.5
137.4
22.1

829.1
668.7
160.6
138.2
22.4

830.0
668.6
161.6
139.0
22.6

852.7
690.3
162.6
139.7
22.8

846.6
683.3
163.5
140.5
23.0

Equals: Net national product

5,999.0

6,008.5

5,982.7

5,946.1

5,893.2

5,911.8

5,911.2

5,958.2

6,015.3

6,072.6

6,032.6

6,201.5

6,192.5

6,226.8

6,239.9

6,336.3

Addenda:
Gross domestic income >
Gross national income 2
Net domestic product

6,647.6
6,675.0
5,971.6

6,692.0
6,721.1
5,979.5

6,695.0
6,718.2
5,959.6

6,654.7
6,703.7
5,896.7

6,624.1
6,660.2
5,857.0

6,645.9
6,669.4
5,888.2

6,664.0
6,683.9
5,891.4

6,684.4
6,713.0
5,929.6

6,774.9
6,802.6
5,987.4

6,813.6
6,840.6
6,045.5

6,842.5
6,866.1
6,009.0

6,924.1
6,177.0

6,904.3
6,936.5
6,160.2

6,976.4
7,001.3
6,201.9

6,994.4
7,024.8
6,209.5

7,104.1
7,117.5
6,322.9

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world .
Equals: Gross national product
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

1995

1997

Line

7,229.4

7,330.2

7,370.2

7,461.1

7,488.7

7,503.3

7,561.4

7,621.9

7,676.4

7,802.9

7,841.9

7,931.3

8,016.4

8,131.9

8,216.6

8,272.9

172.6
152.0

183.2
167.0

198.3
183.3

213.4
198.5

230.0
208.6

239.2
214.0

235.3
224.3

241.3
218.0

240.5
213.9

238.4
220.8

245.3
233.8

258.1
241.5

264.8
256.1

278.5
264.8

284.5
275.9

279.2
275.1

7,249.8

7,346.3

7,385.1

7,476.0

7,510.2

7,528.6

7,572.3

7,645.2

7,703.1

7,820.4

7,853.5

7,947.9

8,025.1

8,145.6

8,225.1

8,276.9

938.8
772.8
165.8
141.2
24.6

864.7
699.5
165.3
141.9
23.4

874.2
708.0
166.3
142.6
23.6

883.9
716.7
167.2
143.4
23.8

893.8
725.8
168.1
144.1
24.0

904.2
735.2
169.1
144.9
24.2

915.0
744.9
170.1
145.8
24.3

936.0
764.7
171.3
146.8
24.5

937.9
765.4
172.5
147.7
24.7

949.8
776.2
173.6
148.7
24.9

962.2
787.3
174.9
149.8
25.1

974.9
798.9
176.1
150.8
25.3

988.9
811.3
177.6
152.0
25.6

1,003.4
824.4
179.0
153.3
25.8

1,018.9
838.4
180.6
154.6
26.0

1,035.3
853.2
182.1
155.9
26.2

Equals: Net national product

6,309.4

6,482.5

6,511.6

6,592.7

6,616.8

6,624.5

6,657.4

6,709.0

6,765.2

6,870.7

6,891.3

6,973.0

7,036.2

7,142.2

7,206.3

7,241.9

Addenda:
Gross domestic income»
Gross national income 2
Net domestic product

7,174.1
7,194.4
6,288.9

7,245.3
7,261.4
6,466.4

7,313.5
7,328.4
6,496.6

7,414.3
7,429.2
6,577.9

7,433.6
7,455.1
6,595.3

7,477.9
7,503.1
6,599.2

7,558.2
7,569.1
6,646.4

7,597.3
7,620.5
6,685.8

7,641.9
7,668.5
6,738.6

7,753.2
7,770.7
6,853.2

7,816.9
7,828.4
6,879.8

7,909.2
7,925.8
6,956.4

7,976.3
7,985.0
7,027.6

8,063.7
8,077.3
7,128.6

8,190.2
8,198.7
7,197.8

8,290.5
8,294.5
7,237.9

Gross domestic product
Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world .
Equals: Gross national product
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises

1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
NOTE.—Except as noted in footnotes 1 and 2, chained (1996) dollar series are calculated as the product of the
chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive.
The chain-type quantity index for gross national product is shown in table 7.3.




72

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.11.—Command-Basis Real Gross National Product: Annually, 1929-97, and Quarterly, 1947-97
[Billions of chained (1996) dollars; Quarters seasonally adjusted at annual rates]
Line

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

Gross national product

1

828.9

757.9

708.8

616.1

606.8

671.4

731.9

825.5

869.9

840.0

908.0

984.5

1,153.8

1,364.8

1,588.2

1,718.8

1,697.1

1,511.0

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world ».

2

Equals: Command-basis gross national product

4

781.5

717.7

675.6

590.1

581.6

644.2

702.8

794.7

a31.3

802.2

868.1

940.7

1,108.2

1,333.5

1,561.4

1,690.1

1,658.4

1,431.3

138.5

137.4

148.2

154.2

156.2

151.6

144.5

148.9

140.0

141.6

145.9

152.1

153.2

161.8

157.3

139.1

3

Addendum:
Terms of trade 2

5

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world'.

2

Equals: Command-basis gross national product
Addendum:
Terms of trade 2

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world'.

2

Line

130.0

157.5

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1,502.7

1,569.0

1,559.1

1,695.6

1,826.3

1,899.2

1,985.1

1,972.5

2,113.0

2,156.0

2,199.6

2,176.3

2,332.8

2,391.9

2,448.8

2,598.0

2,710.8

4

1,535.1

1,592.4

1,581.2

1,709.2

1,835.6

1,912.0

2,001.0

1,987.1

2,130.9

2,178.3

2,226.9

2,204.1

2,360.5

2,425.4

2,485.2

2,638.7

2,751.5

5

135.1

131.2

129.7

119.9

111.6

116.4

121.3

118.6

120.6

122.3

125.2

129.6

129.0

129.4

131.1

132.7

130.4

3

Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

2,868.5

3,051.7

3,248.9

3,330.4

3,489.8

3,594.1

3,600.6

3,722.9

3,925.7

4,161.0

4,142.3

4,117.7

4,351.4

4,556.6

4,805.3

4,973.9

4,962.3

3

Equals: Command-basis gross national product

4

2,912.0

3,099.7

3,301.0

3,390.7

3,556.7

3,667.0

3,676.6

3,793.8

3,993.2

4,231.5

4,169.0

4,148.1

4,386.0

4,578.2

4,826.2

4,979.3

4,917.9

Addendum:
Terms of trade 2

5

128.9

131.0

131.9

136.1

137.1

138.0

136.2

133.4

129.3

124.8

108.1

109.8

110.5

106.3

105.6

101.2

90.8

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world ».
Equals: Command-basis gross national product

4

5,038.5

4,954.5

5,183.6

5,561.3

5,763.8

Addendum:
Terms of trade 2

5

92.5

95.9

99.7

101.5

102.6

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

5,075.4

4,973.6

5,184.9

5,553.8

5,750.9

5,932 .5

6,130.8

6,391.1

6,615.5

6,740.0

6,703.4

6,905.8

7,087.8

7,364.3

7,564.0

7,831.2

8,168.1

2

565.4

660.6

738.9

789.8

799.9

816.5

838.0

925.2

1,044.5

1,119.7

1,258.2

3

559.9

655.6

730.7

770.6

792.4

805.9

835.0

923.9

1 039.5

1,119.7

1,278.6

5.94C .9

6,125.4

6,386.1

6,607.4

6,720.9

6,695.9

6,895.2

7,084.8

7,363.1

7,559.0

7,831.2

8,188.5

101 .6

99.1

99.3

98.9

97.6

99.1

98.7

99.6

99.9

99.5

100.0

101.6

Line

1947

1949

1948

1950

1951

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1,488.9

1,496.9

1,500.5

1,524.3

1,546.6

1,571.1

1,577.6

1,580.5

1,558.2

1,553.6

1,570.7

1,553.9

1,618.4

1,667.2

1,733.1

1,763.9

1,782.9

1,814.9

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world».

2

Equals: Command-basis gross national product

4

1,523.6

1,531.5

1,532.9

1,552.4

1,572.1

1,593.8

1,600.7

1,602.9

1,583.2

1,577.8

1,592.1

1,571.7

1,633.6

1,681.4

1,746.2

1,775.6

1,792.7

1,823.8

Addendum:
Terms of trade 2

5

135.8

135.9

135.3

134.0

132.0

130.9

130.7

130.8

131.1

130.3

129.2

127.7

123.8

121.9

119.4

116.2

112.9

110.7

3

1952

1951
Line

1954

1953

1955

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1,851.6

1,855.8

1,876.7

1,878.2

1,889.9

1,951.9

1,987.4

2,004.3

1,990.2

1,958.6

1,949.7

1,952.6

1,973.7

2,014.1

2,071.6

2,104.3

2,132.4

2,143.9

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world».

2

Equals: Command-basis gross national product

4

1,860.4

1,865.6

1,889.0

1,890.6

1,902.7

1,965.9

2,002.6

2,020.3

2,006.8

1,974.4

1,963.7

1,967.7

1,988.0

2,029.2

2,088.4

2,121.3

2,150.9

2,163.0

Addendum:
Terms of trade 2

5

110.3

111.4

114.0

115.5

117.1

118.7

120.7

121.5

121.7

121.4

119.4

118.7

118.2

118.3

119.7

120.3

120.9

121.4

3

1957

1956

1958

1959

1960

Line

I

II

III

2,136.4

2,152.8

II

IV

I

II

2,150.8

2,184.1

2,198.8

2,195.0

2, 215.5 2,189.2 2,131.0 2,143.6 2,190.9 2,239.7 2,286.2 2,345.5 2,345.5 2,354.1 2,405.4 2,393.9

III

IV

III

IV

I

II

III

IV

I

II

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world'.

2

Equals: Command-basis gross national product

4

2,156.5

2,174.5

2,173.8

2,208.2

2,225.5

2,222.3

2,243.2

2,216.6

2,157.7

2,171.1

2,219.1

2,268.4

2,312.4

2,372.3

2,374.7

2,382.7

2,437.9

2,427.4

Addendum:
Terms of trade 2

5

121.5

121.9

122.5

123.1

123.8

124.7

125.7

126.8

128.5

129.3

130.0

130.5

128.8

128.9

129.1

129.1

129.7

129.4

3

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See footnotes and note at the end of the table.




73

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.11.—Command-Basis Real Gross National Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; Quarters seasonally adjusted at annual rates]
1961

1960
Line

1962

III

IV

I

II

III

IV

2,398.9

2,369.3

2,383.7

2,427.1

2,467.2

2,517.5

1964

1963

II

III

IV

I

II

III

IV

2,561.0

2,590.3

2,615.7

2,625.1

2,654.8

2,688.2

2,739.8

2,760.3

II

III

IV

2,823.2

2,855.7

2,894.7

2,900.5

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world'.

2

Equals: Command-basis gross national product

4

2,433.0

2,403.3

2,418.7

2,462.5

2,503.8

2,556.0

2,600.9

2,631.2

2,657.1

2,665.7

2,694.3

2,729.5

2,780.3

2,801.8

2,865.9

2,896.9

2,938.7

2,946.4

Addendum:
Terms of trade 2

5

129.2

129.1

129.6

131.3

131.2

132.1

133.7

132.3

132.7

132.3

131.6

130.9

129.9

129.4

128.6

127.9

129.0

129.9

II

III

IV

I

II

3

1965

1967

1966

1968

1969

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

2,974.0

3,014.6

3,073.6

3,144.5

3,222.6

3,234.8

3,254.7

3,283.7

3,313.4

3,310.7

3,336.6

3,360.8

3,429.2

3,488.3

3,513.4

3,528.1

3,582.2

3,590.6

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world».

2

Equals: Command-basis gross national product

4

3,018.4

3,065.3

3,122.2

3,192.7

3,272.6

3,284.2

3,307.3

3,339.8

3,373.3

3,370.3

3,396.3

3,422.9

3,493.1

3,556.3

3,582.1

3,595.5

3,646.4

3,665.3

Addendum:
Terms of trade 2

5

131.5

131.8

131.1

129.6

130.9

130.6

132.4

133.8

135.7

136.0

136.0

136.7

136.8

138.3

136.7

136.7

137.8

137.6

3

1969

1971

1970

1972

1973

Line

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

3,610.3

3,593.3

3,589.1

3,597.4

3,628.3

3,587.6

3,691.3

3,712.8

3,738.4

3,749.2

3,823.4

3,910.0

3,950.7

4,018.7

III

IV

4,125.0

4,168.3

4,158.0

4,192.5

IV

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world».

2

Equals: Command-basis gross national product

4

3,686.2

3,669.8

3,665.9

3,678.5

3,702.1

3,659.8

3,764.5

3,786.5

3,810.7

3,813.7

3,893.8

3,975.3

4,015.8

4,087.7

4,200.2

4,236.4

4,230.0

4,259.2

Addendum:
Terms of trade 2

5

138.4

138.0

137.3

138.3

135.0

134.3

134.7

134.7

132.7

131.7

131.5

129.4

128.1

128.1

127.8

123.9

124.6

122.0

I

II

III

IV

4,168.1

4,176.5

4,126.5

4,098.0

.

3

1974

1975

1977

1976

Line

Gross national product

1

.

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world'.

II

III

IV

I

II

III

IV

4,040.1

4,075.6

4,148.4

4,206.7

4,304.2

4,341.2

4,362.0

4,398.4

II

III

IV

4,457.6

4,535.9

4,616.4

4,616.6

2
3

Equals: Command-basis gross national product

4

4,210.5

4,196.1

4,146.3

4,123.0

4,068.2

4,100.8

4,180.6

4,242.7

4,340.0

4,376.2

4,394.2

4,433.5

4,484.9

4,559.7

4,635.0

4,633.3

Addendum:
Terms of trade 2

5

113.3

106.0

106.3

107.9

109.0

108.5

110.6

111.2

111.1

110.8

109.7

110.5

108.1

106.9

105.4

105.0

I

II

III

IV

II

III

IV

I

II

III

IV

4,636.0

4,804.8

4,854.6

4,925.8

4,939.6

4,949.3

4,995.6

5,011.4

5,028.8

4,922.5

4,911.3

4,986.3

1979

1978

1980

1981

Line

II

III

5,086.4

5,048.1

5,110.5

5,056.8

IV

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world J .

2

Equals: Command-basis gross national product

4

4,653.9

4,824.3

4,874.5

4,952.1

4,962.2

4,967.3

4,995.2

4,992.6

4,988.7

4,874.2

4,863.8

4,944.7

5,043.8

5,005.0

5,079.1

5,026.3

Addendum:
Terms of trade 2

5

105.1

105.2

105.2

106.5

105.5

104.3

99.9

96.0

91.7

90.0

90.0

91.2

91.3

91.3

93.6

93.8

3

1982

1983

1984

1985

Line

I

II

III

IV

4,969.4

4,996.9

4,963.4

4,964.8

II

III

IV

I

II

III

IV

5,021.5

5,142.2

5,233.9

5,342.0

5,452.6

5,544.3

5,591.1

5,627.1

II

III

IV

5,664.3

5,710.9

5,788.6

5,839.6

Gross national product

1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world l .

2

Equals: Command-basis gross national product

4

4,943.3

4,977.0

4,947.0

4,950.6

5,016.7

5,139.0

5,232.2

5,346.6

5,456.9

5,549.2

5,600.5

5,638.4

5,682.3

5,726.7

5,801.7

5,844.5

Addendum:
Terms of trade 2

5

94.5

95.9

96.5

96.8

98.9

99.3

99.6

101.0

100.9

101.0

101.9

102.2

103.6

103.2

102.7

101.0

.

See footnotes and note at the end of the table.




3

74

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^97
Table 1.11.—Command-Basis Real Gross National Product: Annually, 1929-97, and Quarterly, 1947-97—Continued
[Billions of chained (1996) dollars; Quarters seasonally adjusted at annual rates]
1986

1987

1988

1989

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

II

III

IV

Gross national product

1

6,027.6

6,095.8

6,145.8

6,254.1

6,302.0

6,372.8

6,402.0

6,487.4

6,565.6

6,599.7

6,633.4

6,663.4

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world >.

2

529.2

555.0

577.0

600.4

637.8

650.4

665.1

689.1

715.3

743.2

740.6

756.5

3

528.9

549.7

568.8

592.2

627.7

641.1

667.6

686.1

708.6

731.2

735.8

747.3

Equals: Command-basis gross national product

4

5,889.3

5,915.7

5,968.5

5,990.0

6,027.2

6,090.6

6,137.6

6,246.0

6,291.9

6,363.4

6,404.5

6,484.5

6,558.8

6,587.7

6,628.6

6,654.2

Addendum:
Terms of trade 2

5

100.4

102.7

101.9

101.6

99.9

99.1

98.6

98.6

98.4

98.6

100.4

99.6

99.1

98.4

99.4

98.8

1

II

III

IV

I

5,887.3

5,901.9

5,959.0

5,981.7

1991

1990

1992

1993

Line

II

III

IV

I

II

III

IV

I

II

III

IV

Gross national product

1

6,743.6

6,760.8

6,742.6

6,713.3

6,667.4

6,692.1

6,704.7

6,749.4

6,811.1

6,873.8

6,923.3

7,015.1

7,020.9

7,056.0

7,092.4

7,182.1

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world».

2

777.9

788.7

781.5

811.1

791.4

800.2

796.0

812.0

813.6

818.2

812.7

821.6

824.2

838.9

827.6

861.5

3

761.1

784.7

766.2

770.6

773.2

795.8

795.1

805.5

810.0

811.3

795.7

806.5

820.2

831.7

826.3

861.7

Equals: Command-basis gross national product

4

6,726.8

6,756.8

6,727.3

6,672.8

6,649.2

6,687.7

6,703.8

6,742.9

6,807.5

6,866.9

6,906.3

7,000.0

7,016.9

7,048.8

7,091.2

7,182.3

Addendum:
Terms of trade 2

5

97.8

99.5

98.0

95.0

97.7

99.5

99.9

99.2

99.6

99.2

97.9

98.2

99.5

99.1

99.8

100.0

1994

1995

Line

I

II

III

IV

I

II

1996

III

IV

I

II

Gross national product

1

7,249.8

7,346.3

7,385.1

7,476.0

7,510.2

7,528.6

7,572.3

7,645.2

Less: Exports of goods and services and income
receipts from the rest of the world.
Plus: Command-basis exports of goods and services
and income receipts from the rest of the world >.

2

870.0

908.9

941.1

980.7

1,010.4

1,027.8

1,057.1

1,082.7

1,086.7

1,098.4

3

877.5

910.0

933.8

974.4

1,008.8

1,018.1

1,051.0

1,080.1

1,086.3

1,099.3

Equals: Command-basis gross national product

4

7,257.3

7,347.4

7,377.8

7,469.8

7,508.6

7,518.9

7,566.1

7,642.5

7,702.7

7,821.3

Addendum:
Terms of trade 2

5

100.9

100.1

99.2

99.4

99.8

99.1

99.4

99.8

100.0

100.1

1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods
and services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding
implicit price deflator for imports divided by 100.




7,703.1

7,820.4

1997

III

IV

I

II

III

IV

7,947.9

8,025.1

1,112.3

1,181.5

1,205.1

1,257.8

1,288.8

1,281.3

1,117.1

1,176.1

1,208.3

1,280.4

1,315.7

1,310.2

7,858.3

7,942.5

8,028.2

8,168.1

8,252.0

8,305.8

100.4

99.5

100.3

101.8

102.1

102.3

7,853.5

8,145.6

8,225.1

8,276.9

NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for gross national product are shown in table 8.1.
Chain-type quantity indexes for the series in this table are shown in table 7.3.

75

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.12.—Net Domestic Product by Sector: 1929-97
[Billions of dollars]
Line

1929

1930

1931

1932

1933

1934

1935

94.4

82.1

68.0

51.2

49.2

58.4

87.1

74.9

61.0

44.9

42.8

Nonfarm 2
Nonfarm less housing ...
Housing
Farm

78.3
70.6
7.6
8.9

68.0
60.6
7.4
6.9

55.5
48.5
7.0
5.6

41.1
34.8
6.3
3.8

38.8
33.5
5.3
4.0

50.9
46.9
42.1
4.8
4.1

Households and institutions .

2.9

2.7

2.3

1.9

1.7

1.7
1.1

1.5
1.2

1.1
1.1

.8
1.0

.7
.9

Net domestic product .
Business1

Private households
Nonprofit institutions

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

65.6
57.8

75.8
66.4

83.1

76.9

82.9

91.8

115.6

148.1

182.0

200.3

202.1

198.7

73.8

67.0

73.0

81.5

103.6

130.0

153.1

164.3

162.6

171.8

51.4
46.6
4.8
6.4

60.7
55.8
4.9
5.8

66.3
61.1
5.1
7.6

61.2
55.6
5.6
5.8

67.4
61.7
5.7
5.6

75.8
70.0
5.8
5.7

95.5
89.4
6.2
8.1

117.9
111.1
6.8
12.1

138.8
131.6
7.2
14.4

150.0
142.5
7.5
14.3

147.7
140.1
7.6
14.9

154.2
146.4
7.8
17.7

1.8

1.9

2.0

2.3

2.2

2.3

2.4

2.5

2.9

3.2

3.7

4.1

4.5

.9
1.0

.9
1.0

1.0
1.0

1.2
1.1

1.0
1.1

1.1
1.1

1.2
1.2

1.2
1.3

1.5
1.4

1.6
1.6

1.9
1.8

2.1
2.0

2.1
2.4

4.4

Federal
State and local
Line

4.6

4.7

4.5

4.7

5.6

6.0

7.3

6.9

7.7

7.6

7.8

9.5

15.2

25.6

32.3

35.3

22.4

3.5

General government3

.9
3.6

1.0
3.7

.9
3.6

1.2
3.5

1.7
3.9

1.8
4.2

3.6
3.7

3.1
3.9

3.6
4.1

3.5
4.2

3.5
4.3

5.1
4.4

10.7
4.5

21.0
4.7

27.3
4.9

30.0
5.4

16.2
6.2

1949

1950

1951

1952

1953

1947

1948

218.3

238.8

217.8

212.8

176.8

196.4

168.7

Business1

241.5

195.5

Net domestic product...

187.3
9.1

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

264.6
236.9

305.9

322.4

341.4

340.6

372.4

390.7

410.4

415.2

452.6

470.4

487.1

525.5

555.1

271.2

283.7

301.1

299.4

328.5

343.6

360.1

360.7

395.3

408.5

421.1

454.5

479.1

219.4
207.8
11.6

264.4
249.4
15.0
19.2

284.1
267.0

283.0
263.8
19.2
16.5

313.0
292.4
20.6
15.5

328.4
306.2
222
15.1

345.2
320.9
24.3
14.9

343.8
317.3

380.1
351.1

392.3
360.7

17.1
17.1

26.5

29.0

404.7
370.6
34.1
16.3

438.1
401.1
37.0
16.4

462.6
423.0
39.6

21.4

196.2
185.9
10.3
16.6

17.5

251.0
237.9
13.1
20.2

16.9

15.3

31.6
16.1

5.1

5.6

5.9

6.5

6.9

7.2

7.8

8.1

9.1

9.9

10.6

11.5

12.4

13.9

14.5

15.6

16.7

2.4
2.8

2.4
3.2

2.4
3.6

2.6
3.9

2.7
4.3

2.6
4.6

2.7
5.1

2.6
5.5

3.1
6.1

3.3
6.6

3.3
7.3

3.5
8.0

3.6
8.9

3.8
10.1

3.7
10.7

3.8
11.8

3.8
12.8

17.6

18.1

20.1

21.2

27.7

31.5

32.4

33.0

34.8

37.2

39.8

42.9

44.9

48.1

51.6

55.5

59.3

10.3
7.3

Nonfarm 2
Nonfarm less housing .
Housing
Farm

9.6
8.5

10.7
9.4

11.1
10.1

16.6
11.2

19.3
12.3

19.1
13.3

18.3
14.7

19.0
15.8

19.6
17.6

20.2
19.6

21.3
21.6

21.7
23.1

22.6
25.5

23.7
27.9

25.2
30.2

26.5
32.9

8.1
18.7

Households and institutions .
Private households
Nonprofit institutions
General government3
Federal
State and local

Line

1964

1966

1969

16.5

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

820.6
696.7

885.6
748.6

930.6

1,009.7

1,109.5

1,242.6

1,336.2

1,444.2

1,615.0

1,799.8

2,034.4

2,266.0

2,450.3

778.8

843.2

927.4

1,044.2

1,119.3

1,202.6

1,351.5

1,512.4

1,719.9

1,922.4

2,067.5

622.8
572.3
50.5
17.4

679.1

758.4
696.9
61.5
20.4

821.4
754.6
66.8
21.8

901.6
830.2
71.4
25.9

1,001.9
924.0
77.9
42.3

1,080.6
996.5
84.1
38.7

1,164.1
1,074.1

1,316.4
1,218.1

1,477.8
1,368.7

1,679.2

17.6

729.0
671.6
57.3
19.7

90.0
38.6

98.4
35.1

23.4

26.1

29.5

32.4

35.6

38.9

43.0

47.1

52.0

57.1

120.6
40.7
69.7

2,030.0
1,871.5
158.5
37.5

21.3

109.1
34.6
62.4

1,874.1
1,739.0
135.1
48.3
77.3

87.1

4.0
15.3

4.0
17.2

4.2
19.2

4.4
21.7

4.4
25.0

4.5
27.9

4.6
31.0

4.6
34.3

4.8
38.2

4.6
42.6

4.6
47.3

5.4
51.6

5.9
56.4

6.5
63.2

6.4
70.9

6.1
81.0

64.4

69.3

78.4

87.4

97.8

107.5

119.4

130.9

143.1

155.4

169.8

206.4

225.1

244.8

266.3

295.7

28.5
35.9

30.0
39.3

34.3
44.1

37.9
49.5

41.9
55.9

44.9
62.6

48.3
71.1

51.7
79.2

55.4
87.7

57.4
98.0

62.0
107.7

73.3
133.1

79.9
145.1

85.8
159.0

91.8
174.5

102.5
193.2

1965

1967

1968

751.0

613.1

640.2

500.2
458.4
41.9
15.2

543.0
498.4
44.6
17.7

594.7
547.4
47.3
18.4

17.9

19.3

3.9
14.0

Business1
Nonfarm2
Nonfarm less housing ....
Housing
Farm
Households and institutions .
Private households
Nonprofit institutions
General government

712.7

515.5

649.3
560.7

597.8

Net domestic product.

3

Federal
State and local

625.6
53.5

1970

68.4
121.2

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

2,736.5

Line
Net domestic product.

2,822.8

3,078.8

3,450.4

3,696.5

3,901.3
3,276.4

4,156.4

4,480.9

4,811.8

5,092.0

5,238.2

5,531.5

5,829.5

6,179.4

3,483.2

3,753.2

4,030.0

4,244.6

4,335.5

4,580.2

4,836.7

5,149.1

3,710.2

4,187.1
3,793.1

4,284.9
3,868.8

4,523.1
4,093.7

416.1

429.3

50.6

57.1

4,786.6
4,338.6
448.0
50.1

5,089.3
4,622.4
466.9
59.8

257.5

279.5

297.0

2,313.4

Nonfarm 2
Nonfarm less housing ...
Housing
Farm

2,361.4

2,583.9

2,908.2

3,111.3

2,264.0

Business1

1,558.6

2,317.9
2,114.0

2,861.0
2,618.9
242.1
47.2

3,065.2
2,798.2
266.9
46.1

3,234.2
2,943.3

290.9
42.2

3,438.7
3,124.5
314.2
44.5

1996

1997

6,857.0

7,305.0

5,422.6
5,374.1
4,869.3
504.8
48.6

5,749.0

6,151.8

5,682.2
5,155.6
526.6
66.8

6,089.8
5,546.1
543.7

313.3

330.3

348.6

363.2

11.1
302.2

11.9
318.4

12.0
336.5

12.0
351.2

1995

49.5

203.9
43.5

2,556.2
2,337.3
218.8
27.7

43.1

3,975.1
3,611.9
363.3
54.8

97.6

108.2

119.2

131.2

141.0

153.7

173.3

195.1

214.6

394.0
57.5
237.9

Nonprofit institutions

6.2
91.4

6.3
102.0

6.3
112.9

7.3
123.9

7.3
133.6

7.7
146.0

7.7
165.6

8.3
186.8

8.9
205.7

9.4
228.6

9.1
248.4

10.1
269.4

10.7
286.3

General government3

325.5

353.1

375.8

411.0

444.3

471.1

499.9

532.6

567.3

609.4

645.1

671.8

695.8

717.0

735.8

759.4

790.0

115.1
210.4

125.3
227.8

132.3
243.5

149.4
261.7

159.0
285.3

163.1
308.1

170.3
329.6

178.0
354.6

185.7
381.6

193.9
415.5

205.9
439.2

210.7
461.1

211.9
483.9

209.9
507.1

206.9
528.9

211.0
548.4

213.2
576.8

2,080.3
183.7

Households and institutions .
Private households

Federal
State and local

1. Equals net domestic product less net product of households and institutions and of general government.
2. Equals net domestic business product less net farm product.

3,369.8
340.4

61.9

3. Equals compensation of general government employees as shown in table 3.7.

Table 1.13.—Real Net Domestic Product by Sector: 1987-97
[Billions of chained (1996) dollars]
Line

Business1
Nonfarm 2
Nonfarm less housing .
Housing
Farm
Households and institutions .
Private households
Nonprofit institutions
General government

1987

1988

1989

1990

1991

1992

1994

1993

1995

1997

3

Federal
State and local
Residual

5,442.9

5,671.0

5,855.9

5,951.9

5,891.5

6,054.7

6,223.7

6,457.4

6,631.7

6,857.0

7,147.9

4,474.6

Net domestic product.

4,668.9

4,824.6

4,893.5

4,822.3

4,979.3

5,138.3

5,363.7

5,529.1

5,749.0

6,024.2

4,423.8
3,991.8
432.7
52.7

4,627.4
4,180.6
447.0
45.0

4,772.8
4,315.8
457.1

4,836.6

5,078.7

70.1

489.1
60.5

5,682.2
5,155.6
526.6

5,417.5

479.2

5,290.4
4,793.7
496.6
76.3

5,468.5
4,947.6

53.9

4,763.7
4,284.0
480.7
60.0

4,911.4
4,432.7

469.9
58.4

66.8

78.1

247.8

265.5

279.8

291.5

300.9

308.6

319.7

330.9

341.5

348.6

360.5

10.2
237.6

10.6
254.8

11.1
268.6

11.4
280.1

10.5
290.4

11.3
297.3

11.7
308.0

11.8
319.1

12.2
329.3

12.0
336.5

11.7
348.8

723.1

738.6

753.0

769.2

772.2

769.3

767.1

763.5

761.3

759.4

763.4

255.9
469.5

255.5
485.2

255.8
499.0

258.4
512.4

257.6
516.2

248.6
521.9

240.8
527.1

230.4
533.6

219.0
542.4

211.0
548.4

205.7
557.7

-7.5

-7.7

-5.4

-5.8

-7.9

-6.4

-3.4

1. Equals net domestic product less net product of households and institutions and of general government.
2. Equals net domestic business product less net farm product.
3. Equals compensation of general government employees as shown in table 3.8.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996




4,367.1

4,589.9

521.0
60.2

5,947.2
529.7

-1.3

current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.

76

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.14.—National Income by Type of Income: Annually, 192&-97, and Quarterly, 1946-97
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1929

1930

1931

1933

1932

86.8

75.6

60.4

Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

51.1
50.5
5.0
45.5
.7
0
.7

46.9
46.2
5.2

39.8

31.1
30.5
5.0
25.5

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

14.9

11.7

9.1

6.2
6.3

4.4
4.5

-.1
8.7
8.9
.1
-.4

Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




1942

1943

1944

1945

1946

67.4

72.9

81.1

104.3

137.6

171.4

184.3

183.3

182.3

34.3
33.7
6.1
27.6

37.4
36.7
6.5
30.2
.7
0
.6

42.9
42.0
7.9

45.0
43.0
8.3
34.8
2.0
1.2

48.1
46.0
8.2
37.7
2.2

52.2
49.9
8.5

.9

64.8
62.1
10.2
51.9
2.7
1.7
1.0

85.3
82.1
16.0
66.1
3.2
2.0
1.2

109.6
105.8
26.6

34.1
1.0
.2

48.0
46.1
7.5
38.6
1.8
1.0

1.5

121.3
116.7
33.0
83.8
4.5
2.5
2.0

123.3
117.5
34.9
82.6
5.8
3.5
2.3

119.6
112.0
20.7
91.3
7.6
5.1
2.5

5.8

10.7

11.0

13.1

11.2

11.7

12.9

17.3

24.1

29.1

30.3

31.7

36.5

3.5
3.5

2.6
2.6

5.3
5.3

4.3
4.4

6.0
6.1

4.4
4.5

4.5
4.5

6.4
6.5

10.1
10.3

12.0
12.2

12.0
12.2

12.4
12.7

14.8
15.2

-.1
7.3
7.0
.8
-.4

-.1
5.6
5.3
.6
-.3

0
3.2
4.0
-.5
-.2

0
5.4
5.7
-.1
-.2

0
6.6
6.9

6.8
.2
-.2

-.1
7.3
7.7
-.2
-.2

-.1
8.4
8.7
0
-.2

-.1
10.9
11.7
-.6
-.2

-.2
14.0
14.5
-.4
-.1

-.2
17.0
17.2
-.2
0

-.2
18.3
18.3

-.1
-.1

-.1
7.1
7.3
0
-.2

-.1
0

-.3
19.3
19.4
-.1
0

-.3
21.7
23.4
-1.7
0

4.9

4.0

2.5

2.2

2.3

2.6

3.1

3.3

3.4

4.0

5.0

5.6

5.9

6.1

7.0

5.3
-.4

4.3
-.3

2.5
-.1

2.3
-.1

2.5
-.2

2.8
-.3

3.4
-.3

3.6
-.3

3.8
-.4

4.5
-.5

5.6
-.5

6.2
-.6

6.6
-.8

7.0
-.9

8.0
-1.0

7.3

2.8

-.3

3.8

5.9

6.7

4.6

6.2

9.5

15.0

20.0

24.5

24.6

20.1

17.4

11.1
10.6
1.4
9.2
5.8
3.4
.5
-.5

7.6
4.3
.8
3.4
5.5
-2.0
3.3
-.3

2.8
.4
.5
-.1
4.1
-4.2
2.4
0

-.4
-1.5
.4
-1.9
2.5
-4.4
1.0
0

-.4
1.7
.5
1.2
2.0
-.8
-2.1
.1

4.0
4.2
1.0
3.3
2.8
.4
-.2
-.2

6.2
6.9
1.4
5.5
4.5
1.0
-.7
-.3

7.4
7.5
1.5
5.9
4.7
1.3
0
-.7

5.4
4.4
1.0
3.4
3.2
.2
1.0
-.8

6.9
7.6
1.4
6.2
3.8
2.4
-.7
-.7

10.2
10.4
2.8
7.6
4.0
3.6
-.2

15.9
18.3
7.6
10.7
4.4
6.3
-2.5

20.8
22.0
11.4
10.6
4.3
6.4

24.2
24.5
12.9
11.5
4.6
6.9
-.3
.4

19.5
20.0
10.7
9.3
4.6
4.7
-.6
.7

19.7
24.9

-.8

24.8
25.6
14.1
11.5
4.4
7.0
-.8
-.3

9.1
15.8
5.6
10.3
-5.3
-2.3

4.6

4.8

4.8

4.4

3.9

3.9

3.7

3.6

3.5

3.5

3.1

2.7

2.3

2.1

1.8

41.0
.7
0

39.2
5.3
33.9
.6
0
.6

29.6
29.0
5.2
23.9
.5
0
.5

41.4
2.3
1.4

1.3
.9

-1.2

3.2

79.2
3.8
2.3

1.5

4.8

7.3

8.6

10.4

11.7

9.4

8.3

1.0

2.9

5.6

8.3

10.5

12.0

13.2

11.0

10.1

7.0

4.8

2.7

-.3
13.5

6.2
-.6
11.6

7.5
-5.3
15.4

2.3
2.8
-1.8

1947

1948

-3.3

-2.9

-1.0

1.0

2.9

4.4

6.0

4.6
2.4
.4

Line

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

1941

74.0

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

1940

65.8

10.6

Net interest

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

1938

57.9

6.0
-.4

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

1937

1936

50.2

5.6

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

National income

1935

1934

43.9

National income

4.1
1.0
-.3

3.8
-2.1
3.1

4.0
-.6
3.6

4.6
-.7
6.4

5.4
-2.5
10.8

6.2
-1.2
11.7

6.1
-.8
12.8

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

198.6

223.3

216.7

241.0

278.7

293.3

308.2

308.4

338.5

358.7

375.0

377.3

411.5

427.5

442.5

477.1

504.4

130.1
123.1
17.5
105.6
7.0
3.9
3.0

142.0
135.5
19.0
116.5
6.5
3.0
3.5

142.0
134.7
20.8

155.4

196.3

197.2
34.9
162.4
12.0
4.6
7.4

229.0
38.8
190.2
15.6
5.7
10.0

257.6
239.9
41.0
198.9
17.7
6.4
11.3

259.6

185.6
33.4
152.3
10.7
4.1
6.5

225.8
212.1
36.6
175.6
13.7
5.2
8.5

244.6

241.3
44.1
197.2
18.3
6.3
12.0

281.0
259.8
46.0
213.8
21.2
7.9
13.4

296.4
272.8
49.2

124.6
8.1
3.4

210.3
199.0
34.3
164.7
11.4
4.2
7.2

209.3

113.9
7.2
3.3
3.9

181.5
171.6
29.2
142.4
9.9
4.1
5.9

223.7
23.6
9.3
14.4

305.3
280.5
52.4
228.0
24.8
9.6
15.2

327.2
299.3
56.3
243.0
27.9
11.2
16.7

345.3
314.8
60.0
254.8
30.4
12.4
18.0

35.6

40.4

35.7

38.6

43.8

44.3

43.3

43.5

45.5

47.0

49.0

51.4

51.8

51.9

54.4

56.5

57.8

15.1
15.6

17.5
18.1

12.7
13.3

13.5
14.1

16.0
16.8

15.1
15.9

13.0
13.7

12.5
13.2

11.5
12.2

11.3
12.1

11.3
12.1

13.1
14.0

10.9
11.8

11.4
12.3

12.1
12.9

12.1
12.9

11.9
12.7

-.5
20.5
21.9
-1.5
.1

-.6
22.9
23.2
-.4
.1

23.1
22.2
.5
.4

-.6
25.1
25.7
-1.1
.4

27.8
27.8
-.3
.3

29.2
28.6
.2

A

30.3
30.0
-.2
.5

-.7
31.0
30.5
0
.6

-.7
34.0
33.7
-.2
.5

-.8
35.7
35.6
-.5
.6

37.7
37.4
-.3
.6

38.3
37.9
-.1
.5

40.9
40.3
0
.5

40.4
40.0
0
.4

42.3
42.0
0
.2

44.4
44.1
0
.3

45.8
45.5
0
.4

7.0

7.6

7.8

8.7

9.5

10.5

11.5

12.5

12.8

13.1

13.8

14.5

15.2

16.2

16.9

17.8

18.5

8.4
-1.4

9.3
-1.6

9.5
-1.6

10.4
-1.7

11.4
-1.9

12.5
-2.0

13.5
-2.0

14.4
-2.0

14.8
-2.0

15.3
-2.1

15.9
-2.1

16.5
-2.1

17.3
-2.1

18.3
-2.1

19.0
-2.1

19.9
-2.1

20.5
-2.0

23.5

30.8

28.6

35.4

40.4

38.4

38.7

37.9

48.5

47.4

47.0

42.4

53.7

52.3

53.5

61.6

67.6

26.0
31.9
11.3
20.7
6.3
14.4
-5.9
-2.5

33.7
35.9
12.4
23.5
7.0
16.4
-2.2
-2.9

31.5
29.6
10.2
19.4
7.2
12.2
1.9
-2.9

38.3
43.2
17.9
25.3
8.8
16.5
-6.0
-2.9

43.6
44.8
22.6
22.2
8.6
13.7
-1.2
-3.2

41.2
40.2
19.4
20.8
8.6
12.3
1.0
-2.8

40.7
41.7
20.3
21.4
8.9
12.5
-1.0
-2.0

39.0
39.3
17.6
21.7

47.8
50.5
22.0
28.5
11.3
17.2
-2.7
-.4

47.5
49.1
21.4
27.7
11.7
15.9
-1.5
-.5

42.7
43.0
19.0
24.0
11.6
12.4
-.3
-.3

53.4
53.7
23.6
30.0
12.6
17.5
-.3
.3

51.4
51.5
22.7
28.8
13.4
15.5
-.2
1.0

51.7
51.5
22.8
28.7
13.9

-.3
-1.1

48.1
49.9
22.0
27.8
10.5
17.4
-1.7
.3

1.7

56.9
56.9
24.0
32.9
15.0
17.9
0
4.6

62.0
61.9
26.2
35.7
16.2
19.5
.1
5.6

2.4

2.4

2.6

3.0

3.5

3.8

4.4

5.3

6.0

6.6

7.7

9.4

9.7

10.7

12.4

14.1

15.2

147.2
22.6

9.3
12.4

14.8
.3

12.2

18.4

18.4

17.5

17.8

19.0

18.4

20.3

26.4

25.4

25.6

23.4

30.0

29.6

30.7

37.6

41.4

14.8

21.8

22.5

20.8

23.3

25.3

25.3

27.6

33.6

33.9

35.7

34.6

41.2

40.9

42.0

48.7

52.4

5.9

11.4

11.1

8.6

9.3

10.4

9.5

11.0

16.0

14.1

13.8

11.9

17.5

16.3

16.8

22.6

25.2

8.9
-5.9
20.7

10.4
-2.2
24.0

11.4
1.9
20.6

12.2
-5.0
25.8

14.0
-1.2
24.5

14.9
1.0
24.4

15.8
-1.0
26.3

16.6
-.3
27.9

17.6
-1.7
35.3

19.8
-2.7
36.6

21.9
-1.5
37.3

22.8
-.3
34.9

23.7
-.3
41.5

24.7
-.2
41.1

25.2
.3
41.7

26.2
0
48.7

27.2
.1
52.4

77

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-87—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1964

1970

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

1973

1974

1975

1976

1977

1978

1979

1980

646.7

681.7

743.6

802.7

837.5

903.9

1,000.4

1,127.4

1,211.9

1,302.2

1,456.4

1,635.8

1,860.2

2,075.6

2,243.0

399.5
363.7
69.9

442.6
400.3
78.3
321.9
42.4
16.8
25.5

475.2
428.9
86.4

577.6

584.5
126.7
457.8
74.4
26.4
48.0

725.1
638.7
137.8
500.9
86.5
31.2
55.3

811.2
708.6
148.7
560.0
102.6
39.8
62.8

890.2
772.2
160.4
611.8
118.0
44.7
73.3

949.0

518.3
105.5
412.7
59.4
22.8
36.6

617.2
551.5
117.1
434.3
65.7
23.8
41.9

658.8

342.5
46.2
18.0
28.2

524.3
471.9
96.6
375.3
52.4
20.0
32.5

814.7
176.1
638.6
134.4
46.7
87.6

1,059.3
899.6
188.7
710.8
159.7
54.4
105.3

1,180.4
994.0
202.4
791.6
186.4
61.1
125.3

1,336.0
1,121.0
219.8
901.2
215.0
71.5
143.4

1,500.8
1,255.6
236.9
1,018.7
245.2
82.6
162.6

1,651.7
1,377.4
261.2
1,116.2
274.3
88.9
185.4

60.6

Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

1972

589.6

370.7
337.7
64.9
272.9
33.0
12.6
20.3

National income

65.2

1965

293.8
35.8
13.1
22.7

1966

1967

1969

542.1

Line

1968

1971

71.1

10.8
11.6

13.1
13.9

14.1
15.0

-.8
49.9
49.5
-.1
.4

52.2
52.2
-.2
.2

-.9
55.5
55.7
-.2
0

75.4

78.9

79.8

86.1

97.7

115.2

115.5

121.6

134.3

148.3

170.1

183.7

177.6

12.8
13.7

12.8
13.9

14.2
15.4

14.3
15.7

14.9
16.5

18.8
20.5

30.7
32.6

25.2
27.7

23.5
26.9

18.7
22.6

17.5
21.7

21.5
26.3

23.7
29.4

13.1
20.2

-1.0
58.4
58.7
-.2
-.1

-1.1
62.6
63.4
-.4
-.4

-1.2
64.7
65.5
-.5
-.4

-1.4
65.5
66.6
-.5

-1.6
71.2
72.6

-1.7
78.9
79.9
-.7
-.3

-1.9
84.5
86.6
-1.9
-.2

-2.5
90.3
94.1
-3.4
-.4

-3.4
98.1
99.9
-1.1
-.7

-3.9
115.6
117.2
-1.1
-.5

-4.2
130.8
131.9
-1.1
0

-4.7
148.5
149.9
-1.9
.5

-5.7
160.0
161.4
-2.6
1.3

-7.1
164.5
165.7
-2.9
1.6

18.6

19.2

19.9

20.4

20.2

20.3

20.3

21.2

21.6

23.1

23.0

22.0

21.5

20.4

22.4

24.5

31.3

20.6
-2.0

21.4
-2.2

22.4
-2.5

23.2
-2.8

23.4
-3.3

24.3
-3.9

24.6
-4.3

26.1
-5.0

27.7

30.1
-7.0

31.7
-8.7

32.3
-10.3

33.0
-11.5

34.0
-13.6

38.9
-16.5

44.5
-20.0

54.9
-23.6

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

74.8

86.0

92.0

89.6

96.5

93.7

81.6

95.1

109.8

123.9

114.5

133.0

160.6

190.9

217.2

222.5

198.5

68.4
68.9
28.0
40.9
18.2
22.7
-.5
6.4

78.7
80.0
30.9
49.1
20.2
28.9
-1.2
7.2

84.4
86.5
33.7
52.8
20.7
32.1
-2.1
7.6

81.7
83.3
32.7
50.6
21.5
29.1
-1.6
7.9

88.5
92.2
39.4
52.8
23.5
29.3
-3.7
8.0

85.2
91.1
39.7
51.4
24.2
27.2
-5.9
8.5

74.0
80.6
34.4
46.2
24.3
21.9
-6.6
7.6

87.9
92.4
37.7
54.7
25.0
29.7
-4.6
7.3

100.7
107.3
41.9
65.5
26.8
38.6
-6.6
9.0

114.6
134.2
49.3
84.9

108.5

134.3
144.8
50.9
93.9
33.0
60.9
-10.5
-1.2

164.5
178.6
64.2
114.4
39.0
75.4
-14.1
-4.0

193.3
209.0

221.2
244.9
83.5
161.4

229.9
270.1
88.0
182.1
57.5
124.6
-40.1
-7.4

209.3
251.4

Net interest

17.3

19.7

22.6

25.4

27.2

32.2

38.4

42.6

46.2

144.2

183.9

46.8

55.1

58.3

56.9

57.2

54.0

47.3

57.4

67.9

74.7

62.7

82.1

96.4

117.9

133.7

134.5

113.7

57.4

65.7

71.4

72.5

74.7

75.4

73.4

87.7

102.0

111.6

107.9

143.1

161.8

190.6

217.4

233.4

230.7

28.6

34.9

37.6

35.4

33.6

29.8

23.0

32.4

41.1

44.8

29.5

49.1

57.3

73.1

82.9

77.0

49.6

28.7
-.5
57.8

30.8
-1.2
66.9

33.7
-2.1
73.5

37.1
-1.6
74.1

41.1
-3.7
78.4

45.6
-5.9
81.2

50.5
-6.6

55.4
^.6
92.3

60.9
-6.6
108.6

66.8
-19.6
131.1

78.5
-38.2
146.2

94.0
-10.5
153.7

104.5
-14.1
175.9

117.5
-15.7
206.3

134.5
-23.7
241.1

156.4
-40.1
273.6

181.1
-42.1
272.8

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

Line
National income
Compensation of employees
Waae and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capitai consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

29.9
55.0
-19.6

9.4

146.8

51.8
95.0
33.2
61.8
^38.2
5.9

95.7

76.6

53.9

73.0
136.0
44.8
91.2
-15.7
-2.4

50.8
110.6
-23.7
114.5

84.8
166.6
64.1
102.6
^2.1
-10.8

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

2,497.1

2,603.0

2,796.5

3,162.3

3,380.4

3,525.8

3,803.4

4,151.1

4,392.1

4,642.1

4,756.6

4,994.9

5,251.9

5,556.8

5,876.7

6,210.4

6,618.4

1,825.7
1,517.3
285.6
1,231.7
308.5
103.6
204.8

1,926.0

2,255.9
1,854.8
347.8
1,507.0
401.1
139.0
262.1

2,425.2
1,995.2
373.5
1,621.7
430.0
147.7
282.3

2,570.7
2,114.4
396.6
1,717.8
456.3
157.9
298.4

2,755.6
2,270.2
422.2

2,973.8
2,452.7
450.9

3,151.0

2,001.8
521.1
184.6
336.5

2,117.1
554.2
193.7
360.5

2,237.9
596.4
206.5
390.0

2,966.8
567.7
2,399.1
677.9
228.4
449.5

3,814.4
3,091.6
584.9
2,506.8
722.8
240.0
482.8

3,254.3
603.9
2,650.4
761.9
254.4
507.5

4,202.5
3,441.1
622.7
2,818.4
761.4
264.5
497.0

4,395.6
3,630.1
641.0
2,989.1
765.4
275.4
490.0

4,651.3
3,886.0
664.3

1,848.0
485.4
166.3
319.1

3,454.9
2,824.2
545.6
2,278.6
630.7
215.1
415.6

4,016.2

2,596.8
479.7

3,351.0
2,754.6
516.8

3,644.8

1,593.4
307.3
1,286.1
332.6
109.8
222.8

2,042.7
1,684.3
324.5
1,359.8
358.5
119.9
238.6

3,221.7
765.3
289.9
475.4

186.2

179.9

195.5

247.5

267.0

278.6

303.9

338.8

361.8

381.0

384.2

434.3

461.8

476.6

497.7

544.7

581.2

20.3
28.6

14.4
23.4

7.2
16.0

21.6
30.2

21.5
29.7

23.0
31.1

29.0
36.9

26.0
33.9

32.2
40.0

31.1
39.2

26.4
34.4

32.7
40.9

30.1
38.2

31.9
39.9

22.2
30.2

34.3
42.1

29.7
37.5

-8.3
165.9
161.4
-1.3
5.8

-9.0
165.4

-8.8
188.3
172.8
-.5
16.0

-8.6
225.9
200.3
-.4
26.0

-8.2
245.5

211.2
-.2
34.4

255.6
216.3
0
39.3

-7.9
274.8
239.8
-.8
35.9

-7.9
312.7
277.4
-1.2
36.5

-7.9
329.6
293.5
-1.3

-8.0
357.8
333.0
-.1
25.0

-8.2
401.7
373.4
-.5

37.4

-8.0
349.9
323.2
-1.1
27.8

-8.1
431.7
401.4
-.4
30.7

-8.0
444.6
421.7
-.7
23.6

-8.0
475.5
447.8
-1.5
29.2

-7.9

158.9
-.5
7.0

476.0
-.4
34.9

-7.8
551.5
507.2
.7
43.6

39.6

39.6

36.9

39.5

39.1

32.2

35.8

44.1

40.5

49.1

56.4

63.3

90.9

110.3

117.9

129.7

128.3

66.1
-26.5

68.0
-28.5

65.9
-28.9

-29.4

70.3
-31.2

63.7
-31.5

68.9
-33.1

79.1
-35.0

80.2
-39.7

87.2
-38.1

96.0
-39.6

111.4
-48.1

133.6
-42.8

157.8
-47.5

165.4
-47.5

177.4
-47.6

178.3
-50.0

510.5

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

219.0

201.2

254.1

309.8

322.4

300.7

346.6

405.0

395.7

408.6

431.2

453.1

510.5

573.2

668.8

754.0

833.8

216.3
240.9
81.1
159.8
73.8
86.0
-24.6
2.7

188.0
195.5
63.1
132.4
76.2
56.2
-7.5
13.3

223.9
231.4
77.2
154.1
83.6
70.5
-7.4
30.2

262.0
266.0
94.0
172.0
91.0
81.0
^.0
47.7

255.2
255.2
96.5
158.7
97.7

61.0
0
67.2

250.5
243.4
106.5
136.9
106.3
30.6
7.1
50.3

298.4
314.6
127.1
187.5
112.2
75.3
-16.2
48.2

359.8
381.9
137.2
244.8
129.6
115.2
-22.2
45.3

360.4
376.7
141.5
235.3
155.0
80.2
-16.3
35.3

388.6
401.5
140.6
260.9
165.6
95.3
-12.9
19.9

421.1
416.1
133.6
282.6
178.4
104.1
10.2

448.8
451.6
143.1
308.4
185.5
122.9
-2.8
4.3

506.4
510.4
165.4
345.0
203.1
141.9
-4.0
4.1

561.0
573.4
186.7
386.7
234.9
151.8
-12.4
12.2

650.2
668.5
211.0
457.5
254.2
203.3
-18.3
18.6

729.4
726.3
223.6
502.7
297.7
205.0
3.1
24.6

800.8
792.4
237.2
555.2
335.2
220.0
8.4
32.9

Net interest

226.5

256.3

267.2

309.6

326.7

343.6

361.5

389.4

443.1

452.4

429.8

399.5

374.3

380.5

389.8

386.3

423.9

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




4.9

137.8

138.2

176.9

215.7

225.9

194.2

219.5

267.9

254.2

268.0

297.7

309.9

345.1

386.5

457.8

530.4

596.6

274.2

295.4

337.7

384.9

409.1

390.0

428.1

482.5

469.8

493.5

530.5

552.3

590.5

634.3

715.7

776.1

842.9

107.3

138.3

99.2

102.4

119.2

124.4

142.0

151.6

203.6

232.7

261.3

302.1
7.1
383.0

320.8
-16.2
444.4

3443
-22.2
504.7

370.6
-16.3
486.2

391.1
-12.9
506.4

411.2
4.9
525.5

427.9
-2.8
555.1

448.5
-4.0
594.5

482.7
-12.4
646.7

512.1
-18.3
734.0

543.5
3.1

581.5
8.4
834.4

64.1

61.9

93.2

124.7

128.3

210.1
-24.6
298.8

233.4
-7.5
302.9

244.4
-7.4
345.1

260.2

280.9
0

388.9

409.1

773.1

78

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1947

1946

1948

1949

1950

Line

172.4

194.2

195.4

198.5

206.1

215.4

222.6

227.0

228.4

221.2

216.3

216.3

213.1

222.2

124.4

127.2

144.5
138.1
19.5
118.6
6.5
2.9
3.5

146.0
139.5
20.3
119.2
6.5
2.9
3.6

144.2
136.9
20.4
116.6
7.2
3.5
3.7

140.5

127.8
17.5
110.3
6.5
3.2
3.3

139.7
133.2
18.3
114.8
6.5
3.0
3.5

141.1

119.7
17.9
101.7
7.5
4.7
2.9

138.0
131.4
17.9
113.5
6.6
3.2
3.4

142.0

117.2
18.6
98.6
7.2
4.5
2.6

130.1
123.4
17.0
106.4
6.6
3.5
3.1

134.3

109.6
20.3
89.2
8.0
5.5
2.5

128.7
121.5
17.6
103.9
7.2
4.3
2.9

134.6
20.6

133.9
20.9

114.0
7.4
3.5
3.8

113.0
7.2
3.3
4.0

133.4
21.4
112.1
7.1
3.0
4.1

144.7
137.1
21.4
115.6
7.6
3.3
4.3

35.8

38.3

37.9

37.4

33.5

35.0

36.6

37.7

41.6

41.8

40.4

36.4

35.8

35.1

35.6

36.7

13.0
13.3

13.6
13.9

16.1
16.5

16.6
17.0

16.7
17.2

13.2
13.7

14.8
15.3

15.7
16.2

15.7
16.2

18.8
19.4

18.5
19.1

16.9
17.6

13.3
14.0

12.7
13.4

12.1
12.7

12.4
13.0

12.8
13.4

-.2
21.1
21.3
-.2
.1

-.3
22.1
22.7
-.6
0

-.4
22.2
25.5
-3.3
0

-.4
21.3
24.0
-2.8
.1

-.5
20.7
22.9
-2.2
.1

-.5
20.3
21.0

-.5
20.2
21.4
-1.4
.1

_c

22.8
23.5
-.8
.1

23.3
23.9

-1.5
.2

-.5
22.1
22.5
-.6
.2

-.7
23.5
23.0
.4
.1

-.6
23.0
22.3
.6
.2

-.6
23.0
22.1
.5
.4

23.2
22.7
0
.5

23.9
23.4
0
.5

7.4

7.0

6.8

6.8

6.8

6.9

7.1

7.3

7.5

7.6

7.7

7.8

7.6

7.7

7.9

8.1

8.4

8.4
-1.0

8.0
-1.0

7.8
-1.0

7.9

8.3
-1.4

8.6
-1.5

8.8
-1.5

9.0
-1.6

9.2
-1.6

9.3
-1.6

9.4
-1.6

9.3

-1.1

8.1
-1.3

-1.7

9.4
-1.7

9.5
-1.6

9.7
-1.6

10.0
-1.6

14.0

17.0

18.0

20.5

20.5

23.9

24.0

25.6

29.6

31.3

30.5

31.9

30.5

28.2

29.4

26.2

29.6

15.7

19.1
21.9
8.0
13.9
5.5
8.4
-2.8
-2.1

20.5
28.6
10.5
18.1
5.7
12.5
-8.1
-2.5

23.3
32.3
11.8
20.5
6.1
14.4
-8.9
-2.9

23.1
32.8
11.6
21.2
6.0
15.2
-9.7
-2.6

26.3
31.0
10.9
20.0
6.3
13.7
-4.7
-2.3

26.6
30.6
10.8
19.8
6.5
13.3
-4.0
-2.6

28.2
33.5
11.8
21.7
6.4
15.2
-5.2
-2.6

32.2
35.1
12.1
22.9
7.0
15.9
-2.9
-2.6

34.1
36.9
12.8
24.1
6.7
17.5
-2.9
-2.8

33.5
36.3
12.6
23.8
7.1
16.7
-2.8
-3.1

35.1
35.2
12.2
23.0
7.4
15.6
-.1
-3.2

33.5
32.1
11.0
21.0
7.2
13.8
1.4
-2.9

31.1
28.3
9.7
18.6
7.2
11.4
2.8
-2.9

32.3
29.3
10.1
19.2
7.1
12.1

29.0
28.8

32.3
33.0
13.6
19.3
8.3
11.1

-1.8
1.7

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

191.5

121.4
113.5
18.9
94.6
7.8
5.3
2.5

34.1

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

186.3

117.5

107.7
25.0
82.7
7.5
5.0
2.5

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

179.0

115.2

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

1.8

1.8

1.9

2.4

2.4

2.4

2.3

2.5

2.4

2.4

2.4

2.5

2.6

8.9

13.0

13.2

13.8

17.0
6.1
10.8

5.1
5.8
-1.2

Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

20.9
22.2

23.1
22.0

3.0
-2.9

9.9
18.8
7.4
11.4
.2
-2.8

-.7
-2.6

2.7

2.7

2.9

7.9

9.0

7.5

8.7

17.5

18.5

17.9

19.7

19.5

18.5

19.3

16.2

16.0

9.5

10.7

9.6

10.8

11.2

15.4

15.7

16.8

20.2

22.0

21.5

23.5

23.4

22.6

23.6

20.3

19.4

2.8

3.5

1.8

2.6

2.9

6.7

6.7

7.4

10.5

11.8

10.8

12.4

12.3

11.3

12.2

7.7
-3.1
17.7

8.2
-8.9
19.7

8.3
-9.7
20.9

8.7
^.7
20.0

9.0
-4.0
19.7

9.4
-5.2
22.1

9.7
-2.9
23.1

10.2
-2.9
24.8

10.7
-2.8
24.3

11.2
-.1
23.6

11.2

11.3
2.8
19.7

11.4
3.0
20.6

6.8
-1.2
10.8

7.2
-2.8
13.5

1952

1951

1950

1.4
22.0

1953

7.7
11.5
.2

20.1

11.7
-.7
20.1

1954

Line

National income .
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance ,
Other labor income

248.3

260.7

270.2

276.6

281.4

286.7

287.6

288.2

293.5

303.7

309.0

311.4

309.9

302.6

304.3

304.5

308.0

159.1
150.8
22.7
128.0
8.3
3.4
4.9

167.0
158.3
24.7

180.7
170.8
28.5
142.3
9.9
4.1
5.7

183.9
173.8
30.5
143.3
10.0
4.1
6.0

186.6
176.2
31.1
145.1
10.3
4.1
6.2

191.6
181.2
32.5
148.7
10.4
4.1
6.3

192.9

133.6
8.8
3.6
5.2

175.1
165.5
26.8
138.8
9.6
4.0
5.5

149.1
10.5
4.1
6.4

196.4
185.7
33.8
151.9
10.7
4.1
6.6

204.3
193.3
33.9
159.3
11.0
4.2
6.7

208.1
196.9
34.1
162.7
11.2
4.2
7.0

211.5
200.1
34.4
165.7
11.4
4.2
7.2

211.6
200.3
34.4
165.9
11.4
4.3
7.1

210.1
198.7
34.3
164.3
11.5
4.2
7.3

208.2
196.4
34.4
162.0
11.9
4.6
7.3

207.8
195.9
34.7
161.2
11.9
4.6
7.3

208.4
196.3
35.1
161.2
12.1
4.6
7.5

39.7

182.4
33.2

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

40.8

43.1

43.3

44.0

45.0

43.3

44.3

46.0

43.7

44.0

43.4

42.7

43.0

43.8

42.8

43.5

13.7
14.3

14.9
15.6

15.7
16.4

15.9
16.6

15.9
16.7

16.6
17.4

14.7
15.5

15.3
16.1

16.7
17.5

13.7
14.5

13.5
14.3

13.1
13.9

12.4
13.2

12.8
13.5

13.6
14.3

12.0
12.8

12.5
13.2

26.0
27.3
-1.7
.4

-.7
25.9
27.6
-2.1
.4

-.7
27.4
29.0
-1.9
.3

27.5
27.5
-.3
.3

-.8
28.0
27.1
.5
.4

28.4
27.7
.3
.4

28.6
28.1
.1
.4

29.0
28.4
.2
.4

29.3
28.7
.2
.5

-.8
30.0
29.2
.3
.5

30.5
30.1
-.1
.5

30.3
29.9

30.2
30.3
-.5
.5

-.7
30.3
29.6
.1

-.7
30.2
29.6
0
.6

-.7
30.8
30.1

-.7
31.0
30.5

.1
.5

-.1
.6

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

8.7

9.0

9.1

9.4

9.6

9.9

10.1

10.4

10.6

10.9

11.2

11.4

11.6

11.9

12.2

12.4

12.5

10.5
-1.8

10.7
-1.7

11.0
-1.9

11.2
-1.9

11.5
-1.9

11.8
-1.9

12.1
-1.9

12.3
-2.0

12.6
-2.0

12.9
-2.0

13.1
-2.0

13.4
-2.0

13.6
-2.0

13.9
-2.0

14.2
-1.9

14.4
-1.9

14.5
-2.0

37.8

40.9

39.7

39.8

40.4

41.7

39.0

36.9

36.7

40.9

41.6

40.8

39.6

32.7

35.1

36.3

38.2

40.6
47.9
19.9
28.0
9.2
18.9
-7.3
-2.8

44.1
52.7
21.8
30.8
9.5
21.3
-8.5
-3.3

43.1
51.9
26.3
25.6
8.4
17.2
-8.7
-3.5

43.0
44.1
22.3
21.8
8.6
13.2
-1.0
-3.3

43.5
40.1
20.1
19.9
8.6
11.3
3.5
-3.1

44.6
43.2
21.5
21.6
8.7
12.9

42.0
40.7
19.8
20.9
8.2
12.8
1.3
-3.1

39.8
38.7
18.7
20.0
8.7
11.3
1.2
-3.0

39.5
38.8

44.1
44.5
21.6
22.9
8.4
14.5
-.4
-2.5

43.0
44.6
21.7
22.8
9.2
13.7
-1.6
-2.2

41.6
43.6
21.2
22.3
9.0
13.3
-2.0
-2.0

34.1
34.1

18.6
20.2
8.6
11.6
.7
-2.7

43.5
42.7
20.5
22.2
8.8
13.4
.8
-2.6

37.6
37.7
16.9
20.8
8.9
11.9

39.4
40.0
17.9
22.1

8.9
8.6
0
-1.4

36.5
36.5
16.4
20.1
9.4
10.7
0
-1.4

0
-1.3

9.3
12.8
-.7
-1.1

3.0

3.1

3.3

3.4

3.6

3.6

3.6

3.7

3.8

3.9

4.2

4.3

4.4

4.8

5.0

5.1

5.3

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




1.5

16.6
17.5

17.9

19.0

13.4

17.5

20.3

20.1

19.2

18.2

18.1

20.4

20.0

19.0

18.3

16.1

18.7

19.4

20.3

21.1

22.4

18.6

22.8

25.9

25.9

25.8

24.4

24.4

26.8

27.0

25.6

25.4

23.4

25.5

27.1

27.8

8.7

9.5

5.0

8.9

11.7

11.4

11.0

9.5

9.5

11.6

11.5

9.9

9.3

7.3

9.3

10.5

11.0

12.3
-7.3
28.4

12.9
-8.5
30.9

13.6
-8.7
27.3

13.9
-1.0
23.8

14.2
3.5
22 4

14.5
1.5
24.5

14.8

14.9

1.3
24.5

1.2
23.2

14.9
.7
23.7

15.2
.8
26.0

15.4
-.4
27.4

15.7
-1.6
27.2

16.1
-2.0
27.4

16.1
0
23.3

16.3
0
25.5

16.6
0
27.2

28^4

16.7
_

7

79

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1956

1955

1957

1959

1958

Line

327.7

342.1

348.3

351.0

356.7

360.0

367.0

373.0

375.0

378.8

373.4

367.9

368.8

379.7

392.6

402.7

223.7
210.3
36.7
173.6
13.4
5.1
8.3

228.7
214.6
36.8
177.8
14.0
5.2
8.8

233.7
219.4
37.2
182.2
14.3
5.3
9.0

238.2
223.3
37.8
185.4
14.9
5.6
9.3

242.8
227.5
38.5
189.0
15.3
5.7
9.7

245.9

251.7

259.8

235.3
39.6

239.6
40.7

195.7
16.4
5.8
10.6

198.9
17.5
6.4
11.1

241.8
41.5
200.3
18.0
6.4
11.6

255.3
237.3
42.6
194.7
18.0
6.3
11.7

254.9
236.9
43.7

190.8
16.0
5.7
10.3

258.3
240.1
41.6
198.5
18.2
6.3
11.9

193.2
18.0
6.3
11.8

261.0
242.6
44.8
197.7
18.4
6.4
12.1

267.3

229.9
39.2

255.4
238.2
40.2
198.0
17.2
6.4
10.8

257.1

204.2
35.6
168.6
13.0
5.0
8.0

248.4
45.2
203.2
18.9
6.4
12.4

274.4
254.0
45.4
208.6
20.5
7.8
12.7

45.0

45.4

45.7

45.8

45.7

46.6

47.5

48.0

47.7

48.7

49.8

49.7

51.1

51.3

51.5

51.8

51.6

12.0
12.7

11.8
12.5

11.3
11.9

10.8
11.5

10.6
11.4

11.1
11.9

11.8
12.6

11.6
12.4

10.4
11.3

11.0
11.9

11.8
12.6

11.9
12.6

13.4
14.6

13.3
14.3

13.0
13.8

12.6
13.3

11.7
12.6

-.7
33.0
32.3
.2
.5

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

336.1

217.2

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

-.7
33.6
33.5
-.4
.5

-.7
34.4
34.2
-.3
.5

35.0
34.8
_g

35.5
35.6
-.7
.6

35.8
35.4
-.3
.7

36.4
36.4
-.6
.6

-.9
37.3
37.1
-.4
.5

-.9
37.6
37.5
-.4
.5

38.1
37.6
-.1
.6

-.7
37.8
37.5
-.3
.6

-1.2
37.7
37.1
7

-1.0
38.0
37.5
-.1
.5

-.8
38.5

.5

-.8
35.1
35.0
-.5
.6

.1
.5

-.7
39.2
39.0
-.1
.3

-.9
39.9
39.6
-.2
.6

_

4

37.9

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

12.7

12.7

12.8

12.9

13.0

13.0

13.2

13.3

13.5

13.7

13.8

14.0

14.3

14.4

14.5

14.6

14.6

14.7
-2.0

14.8
-2.0

14.9
-2.0

14.9
-2.0

15.1
-2.1

15.2
-2.2

15.3
-2.2

15.5
-2.1

15.6
-2.1

15.8
-2.1

16.0
-2.2

16.2
-2.1

16.4
-2.1

16.5
-2.1

16.6
-2.1

16.7
-2.1

16.7
-2.1

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

47.0

48.3

48.8

49.9

47.7

47.6

46.7

47.4

49.1

48.0

47.4

43.5

38.4

38.9

43.1

49.1

52.7

47.2
48.3
21.3
27.0
10.0
16.9
-1.1
-.2

48.1
49.0
21.6
27.4
10.2
17.2

48.0
50.1
22.2
28.0
10.8
17.2
-2.2

49.4
52.1
23.1
29.1
10.9
18.1
-2.8
.5

47.4
50.3
22.0
28.2
11.2
17.1
-2.9
.4

47.7
51.4
22.5
28.9
11.2
17.7
-3.6
-.1

47.5
48.7
21.1
27.6
11.2
16.4
-1.2

48.5
51.5
22.3
29.2
11.6
17.6

49.9
52.3
22.8
29.5
11.6
17.9
-2.4

48.6
50.1
21.9
28.2
11.8
16.4
-1.5

47.8
49.1
21.4
27.6
11.9
15.7
-1.3
-.4

43.9
44.8
19.6
25.3
11.7
13.6
-.9
-.4

38.3
38.5
16.9
21.6
11.6
10.0
-.2
.1

39.5
39.2
17.2
22.0
11.7
10.3
.3

43.7
43.9
19.4
24.5
11.7
12.9
-.2

49.3
50.2
22.3
27.9
11.4
16.5
-.9
-.3

52.6
53.3
23.4
29.8
12.1
17.8
-.6
0

5.8

6.0

6.1

6.0

6.3

6.6

6.7

6.6

7.2

7.5

8.0

8.0

8.8

9.3

9.6

9.8

9.4

25.7

26.6

26.6

26.8

25.7

25.1

25.6

25.1

26.3

26.1

26.0

23.9

21.5

21.7

23.7

26.8

29.2

32.7

33.8

33.6

34.2

33.5

33.4

34.6

34.2

35.8

35.9

36.2

35.0

32.2

32.8

35.1

38.5

40.4

15.6

16.5

15.9

15.9

14.5

13.9

13.5

14.6

14.3

12.2

10.0

10.0

12.0

15.4

17.2

17.0
-1.1
33.8

17.3
-.9
34.7

17.8
-2.2
35.8

18.3
-2.8
36.9

19.0
-2.9
36.4

19.5
-3.6
37.1

20.2
-1.2
35.8

20.8
-3.0
37.3

21.2
-2.4
38.3

21.6
-1.5
37.5

22.1
-1.3
37.5

22.7
-.9
35.9

22.2
-.2
32.4

22.8
.3
32.5

23.0
-.2
35.3

23.1
-.9
39.3

23.3
-.6
41.0

Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

1960

1959

1961

1962

1963

Line

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




411.4

415.8

427.9

427.6

428.2

426.5

427.9

437.2

446.0

458.8

467.8

474.4

479.8

486.6

491.5

500.3

508.1

282.4

285.7

296.9
273.4
48.6

297.1
273.3
50.5
222.8
23.8
9.2
14.6

298.0
273.7
51.1

222.7
24.3
9.5
14.8

302.2
277.6
51.8
225.8
24.6
9.6
15.1

307.2
282.2
52.8
229.5
25.0
9.6
15.4

313.9
288.4
54.1
234.2
25.5
9.8
15.7

320.4
293.2
55.3
238.0
27.2
11.0
16.2

326.4
298.7
55.9

224.8
23.6
9.3
14.3

297.7
273.9
49.8
224.1
23.7
9.3
14.5

242.8
27.7
11.2
16.5

329.2
301.1
56.4
244.7
28.1
11.2
16.9

332.7
304.2
57.6
246.6
28.5
11.3
17.2

337.5
307.9
58.6
249.3
29.6
12.2
17.4

342.4
312.3
59.3
253.0
30.1
12.3
17.8

347.5
316.8
60.1
256.7
30.7
12.5
18.2

260.9
46.2

263.9
46.7

214.7
21.5
7.9
13.6

217.2
21.8
7.9
13.9

294.1
270.7
47.7
223.1
23.4
9.3
14.1

51.6

51.9

51.0

51.9

52.0

52.5

53.5

53.6

54.5

55.9

55.9

56.1

56.7

57.1

57.0

57.1

57.8

10.3
11.2

10.9
11.8

10.3
11.1

11.3
12.2

11.8
12.7

12.4
13.3

12.3
13.1

11.5
12.4

11.9
12.8

12.6
13.4

12.2
13.1

11.8
12.7

11.9
12.7

12.3
13.1

12.1
12.9

11.7
12.5

11.7
12.6

-.9
41.4
40.7
.2
.5

-.9
41.0
40.5
.1
.5

-.9
40.8
40.4
-.1
.4

-.9
40.6
40.2
0
.4

-.9
40.2
39.7
.2
.4

40.1
39.8
0
.3

41.2
40.9
0
.3

-.9
42.0
41.7
.1
.3

42.6
42.4
0
.2

43.3
43.2
-.1
.2

43.7
43.4
.1
.2

44.3
44.1
-.1
.3

44.8
44.6
-.2
.3

44.7
44.2
.1
.4

-.8
44.9
44.5
0
.4

45.4
45.1
0
.4

46.1
45.8
-.1
.4

15.5

15.7

16.0

16.1

16.3

16.5

16.7

16.8

17.0

17.3

17.5

17.7

18.0

18.1

18.3

18.5

18.6

17.5
-2.1

17.8
-2.1

18.0
-2.1

18.2
-2.1

18.4
-2.1

18.6
-2.1

18.7
-2.1

18.9
-2.1

19.1
-2.1

19.3
-2.1

19.6
-2.1

19.8
-2.1

20.0
-2.1

20.2
-2.0

20.4
-2.0

20.5
-2.0

20.5
-1.9

52.1

52.4

56.4

52.4

51.4

49.2

48.2

52.5

54.7

58.5

60.9

60.2

61.4

63.7

64.0

67.4

51.9
52.2
23.0
29.2
12.8
16.4
-.3
.2

51.9
51.1
22.5
28.6
13.0
15.6

55.6
56.5
25.0
31.5
13.2
18.3
-.9
.7

51.5
52.1
23.0
29.2
13.2
15.9

50.3
49.8
21.9
27.9
14.4
.5

13.4
.3

50.7
49.6
22.0
27.7
13.6
14.0

1.0

1.2

46.7
46.8
20.6
26.2
13.6
12.6
-.1
1.5

52.9
52.6
23.3
29.3

13.5

48.0
47.7
20.8
26.9
13.5

1.0
1.8

13.9
15.3
.3
1.8

56.7
56.9
25.3
31.6
14.5
17.1
-.2
1.8

56.4
56.0
23.8
32.2
14.6
17.7
.4
4.5

55.6
55.7
23.5
32.2
15.0
17.2
-.1
4.6

56.7
57.5
24.2
33.2
15.2
18.0
-.8
4.7

58.9
58.4
24.3
34.0
15.4
18.7
.5
4.8

59.0
58.0
24.4
33.6
15.8
17.8
1.0
5.0

61.8
61.6
26.1
35.5
16.1
19.4
.2
5.6

63.0
63.2
26.9
36.4
16.3
20.0
-.2
5.8

9.8

10.1

10.4

10.3

10.8

11.2

11.6

12.2

12.6

13.3

13.0

14.0

14.5

15.0

14.7

14.9

15.4

29.1

29.9

31.4

29.4

29.5

28.4

27.6

30.5

31.4

33.2

37.1

36.6

37.2

39.4

39.5

41.3

41.9

40.2

41.1

42.6

40.7

40.7

39.7

39.0

42.0

42.8

44.3

48.4

47.7

48.3

50.6

50.6

52.3

53.0

16.3

16.9

18.2

16.1

15.9

14.8

14.0

16.8

17.5

18.7

22.5

21.6

22.0

24.0

23.8

25.2

25.6

23.9
-.3
40.6

24.2
.8
40.2

24.4
-.9
43.5

24.6
-.6
41.4

24.8
.5
40.2

24.8
.3
39.4

25.0

25.1
1.0

25.3
.3
42.5

25.5
-.2
44.5

25.8
.4
47.9

26.1
-.1
47.8

26.3

26.6
.5
50.1

26.8
1.0
49.6

27.1
.2
52.1

27.4
-2
53.2

-.1
39.1

40.9

49.1

80

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1964

1965

1967

1966

1968

Line
529.1

547.7

554.4

570.9

582.1

593.6

611.6

631.8

640.4

651.5

663.0

667.7

672.8

686.1

700.0

717.8

736.5

367.4
334.8
64.1
270.7
32.6
12.6
20.0

374.7
341.4
65.6
275.8
33.3
12.7
20.6

380.7
346.7
66.7
279.9
34.0
12.8
21.2

387.3
352.8
67.4
285.4
34.6
12.8
21.8

394.2
358.8
68.5
290.3
35.3
13.0
22.4

402.3
366.2
70.4
295.7
36.2
13.2
23.0

414.2
377.1
73.1
304.0
37.1
13.4
23.7

426.7
385.7
74.9
310.8
41.0
16.5
24.5

437.8
395.9
76.8
319.0
41.9
16.7
25.2

448.9
406.1
79.7
326.3
42.8
17.0
25.8

457.1
413.4
81.9
331.5
43.7
17.2
26.5

463.3
418.8
83.4
335.4
44.5
17.6
26.9

423.5
84.9
338.6
45.5
17.8
27.7

478.7
431.9
87.0
344.9
46.7
18.2
28.6

489.6
441.5
90.3
351.2
48.1
18.6
29.6

504.5
454.1
92.7
361.5
50.3
19.4
30.9

517.6
465.9
95.1
370.7
51.7
19.8
32.0

59.3

59.9

60.9

62.4

63.0

64.5

65.6

67.7

70.6

70.1

70.6

70.2

72.2

71.6

73.2

74.6

10.8
11.6

10.1
10.9

10.4
11.2

11.8
12.6

12.0
12.8

12.8
13.7

13.3
14.2

14.0
14.9

15.7
16.6

13.5
14.4

13.5
14.4

13.7
14.7

13.2
14.2

12.3
13.3

13.0
14.0

12.5
13.5

12.6
13.6

12.3
13.3

-.8
48.5
48.1
0
.5

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

537.3

360.0
328.2
63.1
265.1
31.9
12.4
19.4

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

-.8
49.8
49.3
0
.5

-.8
50.6
50.2
-.1
.4

50.6
50.3
-.1
.4

51.0
50.9
-.1
.3

51.7
51.6
-.1
.2

-.9
53.7
53.9
-.3
.1
19.4

54.9
55.0
-.2
0

55.1
55.4
-.3
-.1

56.3
56.4
0
-.1

57.3
57.4
0
-.1

57.9
58.2
-.2
-.1

-1.0
59.2
59.6
-.3
-.1

-1.0
59.1
59.6
-.4
-.2

-1.0
60.6
61.4
-.4
-.3

-1.0
62.3
63.1
-.4
-.4

18.6

18.5

18.6

18.6

18.9

19.1

-.8
52.3
52.3
-.2
.1
19.4

19.8

19.8

-.9
55.6
56.1
-.4
0
20.1

20.1

20.3

20.4

20.5

20.4

20.2

20.2

20.5
-1.9

20.5
-2.0

20.6
-2.0

20.8
-2.2

21.0
-2.2

21.3
-2.2

21.5
-2.1

21.8
-2.4

22.1
-2.2

22.3
-2.5

22.6
-2.5

22.8
-2.7

23.0
-2.7

23.1
-2.7

23.2
-2.8

23.3
-2.9

23.3
-3.1

23.3
-3.2

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

74.6

74.5

75.6

74.7

82.7

84.8

86.1

90.2

93.4

92.2

90.5

91.7

89.0

87.9

89.2

92.3

93.3

97.1

68.4
27.7
40.6
17.5
23.2
-.2
6.5

68.2
68.3
27.8
40.5
18.0
22.5
-.1
6.3

69.1
70.0
28.4
41.6
18.4
23.1
-.9
6.5

68.3
69.0
28.0
41.1
18.9
22.2
-.7
6.3

75.8
76.2
29.4
46.8
19.2
27.6
-.4
6.9

77.7
78.8
30.3
48.5
19.9
28.6
-1.1
7.2

78.5
80.0
30.9
49.1
20.5
28.6
-1.5
7.6

82.9
84.8
32.9
51.9
21.2
30.7
-1.9
7.3

85.9
87.1
34.0
53.1
21.3
31.9
-1.2
7.5

84.6
87.3
34.0
53.3
20.9
32.4
-2.7
7.6

82.9
86.6
33.6
52.9
20.5
32.4
-3.6
7.6

84.0
84.9
33.0
51.9
20.0
31.9
-1.0
7.7

81.5
81.8
32.3
49.6
21.1
28.5
-.4
7.6

80.2
81.5
32.0
49.6
21.7
27.9
-1.3
7.7

81.1
82.8
32.2
50.6
22.1
28.5
-1.7
8.1

84.3
87.1
34.1
52.9
21.2
31.7
-2.8
8.1

85.3
89.9
38.5
51.5
22.6
28.9
-A.7
8.1

88.9
91.9
39.2
52.6
23.4
29.3
-2.9
8.1

Net interest

16.5

17.1

17.8

18.0

19.0

19.5

20.1

20.1

21.3

22.1

22.9

24.0

24.5

25.3

25.6

26.1

26.6

27.1

46.8

46.7

47.2

46.7

53.3

54.5

55.2

57.3

59.5

58.2

56.9

58.7

56.8

55.9

56.9

58.2

54.9

57.8

57.4

57.1

57.7

57.3

64.0

65.1

65.7

67.9

70.6

70.7

70.5

73.7

71.5

70.9

72.4

75.4

71.7

74.9

29.4

28.6

28.8

27.8

34.1

34.6

34.7

36.1

38.2

37.4

36.3

38.7

35.7

34.3

34.9

36.9

32.3

34.4

28.0
-.2
57.6

28.5
-.1
57.2

28.9
-.9
58.6

29.5
-.7
58.0

29.9
-.4
64.4

30.5
-1.1
66.2

31.0
-1.5
67.2

31.7
-1.9

32.4
-1.2
71.8

33.3
-2.7
73.4

34.1
-3.6
74.1

35.0
-1.0
74.7

35.8
-.4
71.9

36.6
-1.3
72.2

37.5
-1.7
74.1

38.5
-2.8
78.2

39.4
-4.7
76.4

40.5
-2.9
77.9

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

1968

1971

1970

1969

1972

Line
National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors'income
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

752.8

767.5

782.4

796.1

812.4

819.7

823.7

833.8

846.7

845.7

878.7

896.4

910.6

929.9

961.4

979.0 1,009.4 1,051.8

531.4
478.3
98.7
379.6
53.1
20.1
33.0

543.9
489.3
100.0
389.4
54.5
20.5
34.0

556.0
499.0
101.2
397.8
57.0
22.1
34.9

569.8
511.3
103.0
408.3
58.5
22.5
36.0

586.5
526.3
108.1
418.3
60.2
23.0
37.1

598.2
536.4
109.8
426.6
61.8
23.4
38.4

608.5
545.0
114.3
430.7
63.5
23.7
39.8

614.0
549.0
116.4
432.6
65.0
23.9
41.2

622.1
555.6
118.2
437.4
66.5
23.9
42.6

624.1
556.3
119.6
436.6
67.9
23.9
44.0

641.6
570.1
123.8
446.3
71.5
26.1
45.5

653.6
580.2
125.5
454.6
73.5
26.4
47.1

663.9
588.6
127.9
460.7
75.3
26.5
48.8

676.3
598.9
129.5
469.4
77.4
26.8
50.5

701.0
617.8
134.0
483.8
83.2
30.6
52.6

715.8
630.4
135.6
494.8
85.4
31.0
54.4

729.7
642.3
138.3
504.0
87.4
31.2
56.2

754.0
664.2
143.2
521.0
89.8
31.8
58.0

76.6

77.3

77.5

79.6

79.4

79.3

78.5

80.5

81.0

82.6

85.1

86.7

90.1

90.5

93.8

99.1

107.4

13.0
14.1

13.3
14.5

12.8
14.0

13.9
15.1

14.5
15.7

15.4
16.7

15.1
16.4

13.8
15.2

14.5
15.9

13.9
15.3

14.4
15.9

14.8
16.3

14.5
16.1

16.0
17.5

15.0
16.7

17.2
19.0

19.7
21.4

23.1
24.8

-1.1
63.6
64.4
-.4
-.4

-1.1
64.0
64.9
-.5
-.5

-1.2
64.7
65.8
-.7
-.4

-1.2
65.0
65.8
-.4
-.4

-1.2
65.1
65.6
-.2
-.3

-1.3
64.0
64.9
-.6
-.3

-1.3
64.2
65.1
-.5
-.4

-1.4
64.7
65.6
-.3

-1.4
65.9
67.1
-.6

-1.4
67.1
68.6
-.7

-1.5
68.1
69.6
-.5

-1.6
70.3
72.0
-.7
-1.0

-1.6
72.1
73.5
-.5

-1.6
74.1
75.3
-.5
-.7

-1.7
75.5
76.5
-.6
-.5

-1.8
76.5
77.5
-.6
-.4

-1.7
79.3
80.3
-.8
-.2

-1.7
84.2
85.5
-1.0
-.2

20.3

20.1

20.3

20.3

20.4

20.3

20.2

19.9

20.5

20.7

20.6

21.1

21.3

21.6

21.9

19.1

22.7

22.8

23.5
-3.2

23.7
-3.6

24.0
-3.8

24.2
-3.9

24.3

24.4
-4.1

24.3
-4.1

24.5
-•.5

24.7
-4.2

25.0
-4.3

25.3
-4.7

25.9
-4.9

26.4
-5.1

26.9
-5.3

27.4
-5.5

26.0
-6.9

28.4
-5.7

28.9
-6.1

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

97.2

98.5

98.5

95.5

92.9

88.0

80.3

83.9

83.7

78.7

91.8

93.8

95.9

99.1

104.5

105.6

110.7

118.2

89.3
92.2
39.4
52.8
24.0
28.9
-3.0
8.0

90.6
94.7
40.4
54.3
24.2
30.1
-4.1
7.8

90.0
95.0
41.2
53.7
24.0
29.8
^.9
8.4

87.0
92.2
40.2
52.0
24.1
27.9
-5.2
8.5

84.2
89.2
38.8
50.4
24.3
26.1
^.9
8.6

79.6
87.9
38.5
49.4
24.6
24.8
-8.4

72.2
81.0
34.1
46.8
24.5
22.3
-8.8
8.1

76.2
80.8
34.3
46.6
24.3
22.3
-4.6
7.6

76.3
82.5
35.3
47.2
24.2
23.0
-6.2
7.4

71.5
78.0
33.7
44.3
24.2
20.1
-6.6
7.2

84.8
88.4
37.4
51.0
25.0
26.0
-3.6
7.0

86.5
91.2
38.2
53.0
25.0
28.1
-4.7
7.3

88.5
94.1
37.5
56.6
25.2
31.4
-5.6
7.5

91.7
96.1
37.9
58.2
24.9
33.3
-4.5
7.4

96.1
102.0
40.0
62.0
26.1
35.9
-5.8
8.4

97.3
103.1
40.3
62.9
26.4
36.4
-5.8
8.3

101.4
107.2
41.5
65.6
27.1
38.5
-5.8
9.4

108.1
117.1
45.7
71.4
27.7
43.7
-9.0
10.1

Net interest

27.3

27.8

30.1

31.6

33.0

33.9

35.4

37.4

39.8

41.2

42.1

42.8

42.8

42.8

43.5

44.7

47.2

49.5

57.8

58.1

57.2

55.3

54.1

49.5

46.2

49.6

48.4

44.9

54.4

55.6

58.4

61.2

64.5

65.3

69.2

72.5

75.4

76.8

77.2

76.2

75.9

72.2

70.2

75.3

75.2

73.0

82.9

85.4

89.2

93.4

96.9

101.1

103.0

107.0

33.9

33.9

33.3

31.2

29.8

24.9

21.7

25.3

24.2

20.7

29.3

30.7

33.2

36.3

38.4

38.9

42.1

44.8

41.6
-3.0
78.4

42.9
-4.1

43.9
^.9
82.1

45.0
-5.2
81.4

46.1
-4.9
80.8

47.4
-8.4
80.6

48.6
-8.8
79.0

50.0

51.0
-6.2
81.5

52.3
-6.6
79.6

53.6
^3.6
86.5

54.8
-4.7
90.1

56.0
-5.6
94.8

57.1

58.4
-5.8
102.7

62.2
-5.8
107.0

60.9
-5.8
108.8

62.2
-9.0
116.0

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




79.9

97.8

81

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1974

1973

1975

1977

1976

Line

II

IV

I

1,087.9

1,110.2

1,136.7

1,174.9

1,184.2

1,199.9

1,224.8

1,238.8

1,243.7

1,270.8

1,326.8

1,367.6 1,416.0

1,438.3

1,469.3

1,501.8

1,551.1

1,612.4

Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

781.6
683.2
144.9
538.3
98.4
38.7
59.6

800.9
700.0
147.1
552.9
101.0
39.3
61.6

819.8

860.5
748.1
155.5
592.5
112.4
43.6
68.8

881.3
765.2
158.0
607.1
116.2
44.5
71.7

903.1
783.0
161.2
621.8
120.1
45.3
74.8

915.9
792.4
166.8
625.6
123.5
45.4
78.1

919.2
791.8
170.4
621.4
127.4
45.7
81.7

931.7
800.2
174.3
625.9
131.5
46.0
85.5

957.7
821.2
177.7
643.5
136.5
47.0
89.5

987.6 1,022.3

716.1
149.5
566.6
103.7
39.9
63.8

842.5
735.3
153.3
582.0
107.3
41.1
66.2

845.6
182.0
663.6
141.9
48.2
93.8

871.1
184.6
686.4
151.2
53.1
98.1

1,045.9
889.2
187.1
702.1
156.7
53.9
102.8

1,070.8
908.3
189.3
719.0
162.5
54.9
107.6

1,098.1
929.8
193.9
735.8
168.3
55.7
112.6

1,127.0
949.9
196.6
753.3
177.1
59.1
118.0

1,164.4
980.8
199.5
781.2
183.6
60.6
123.0

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

107.8

112.4

116.2

124.6

118.5

111.3

115.2

116.8

115.0

117.6

125.0

129.0

129.8

131.9

135.9

139.7

144.1

1443

23.2
25.0

28.8
30.8

31.5
33.4

39.3
41.3

30.7
32.8

21.8
24.0

22.9
25.7

25.2
28.3

20.9
24.2

21.7
25.2

25.6
29.1

25.8
29.4

21.0
24.7

18.6
22.6

17.6
21.6

17.4
21.5

18.4
22.4

15.7
19.9

-1.8
84.5
86.5
-1.9
-.1

-2.0
83.6
86.2
-2.2
-.4

-1.9
84.7
86.5
-1.6
-.2

-2.0
85.3
87.3
-1.8
-.2

-2.1
87.8
90.6
-2.8
-.1

-2.3
89.5
92.8
-3.0
-.2

-2.7
92.3
97.4
-4.7
-.4

-3.1
91.7
95.5
-3.1
-.7

-3.3
94.1
96.1
-1.2

-3.4
95.8
97.5
-.9

-3.5
99.3
101.2
-1.2
-.6

-3.6
103.2
104.9
-1.1
-.6

-3.8
108.8
110.2
-.8

-3.9
113.2
114.9

-4.0
118.2
119.7

-.6

-1.2
-.6

-1.0
-.5

-4.0
122.2
123.7
-1.3
-.3

-4.0
125.7
127.4
-1.6
-.1

-4.1
128.7
129.7
-1.0
0

23.2

23.3

22.5

23.5

23.5

22.8

23.0

22.7

22.3

22.1

22.0

21.7

21.7

21.0

21.4

21.8

21.9

20.4

29.5
-6.3

29.6
-6.2

30.5

30.9
-7.5

31.4
-7.9

31.3
-8.6

31.9
-8.9

32.1
-9.4

32.2
-9.9

32.3
-10.2

32.4
-10.4

32.4
-10.7

32.5
-10.7

32.5
-11.5

33.1
-11.7

33.8
-12.0

34.5
-12.6

33.8
-13.4

125.4

122.1

122.6

125.7

118.6

117.0

113.2

109.0

110.9

123.6

145.4

152.2

164.5

159.0

159.4

159.3

168.6

190.2

115.5

113.0
134.0

113.9
132.6
48.0
84.6
30.4
54.2

115.9
138.7
50.4
88.3
31.5
56.7
-22.7

109.8
141.6
48.8
92.8
32.5
60.2
-31.8

109.7
146.5
51.4
95.1
33.3
61.8
-36.7
7.3

107.8
157.8
56.6
101.2
33.6
67.6
-50.0
5.5

106.8
141.2
50.3

110.6

147.1
158.9
56.6
102.3

154.9
166.0

168.2
178.9
65.4
113.5

163.6
178.5
64.4
114.1

163.6
178.8
64.0
114.8

162.7
178.3

90.9
33.5
57.4
-34.4
2.1

36.2

-12.4
.3

124.5
131.4
46.2
85.3
32.7
52.6
-7.0
-.9

172.8
194.2
67.4
126.8
42.7
84.1
-21.4
-W

193.1
208.4
73.1
135.4
43.9
91.4
-15.3
-2.9

63.0

67.5

70.3

74.4

76.4

75.8

89.5

93.0

National income

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

131.4
49.1
82.3
28.4
53.9
-15.8

49.6
84.4
29.3
55.1
-21.1

9.9

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

9.1

49.9

Net interest

-18.7
8.7

51.5

55.5

9.7
58.7

122.9
43.0
80.0

32.9
47.0

-1.7

57.9
108.1
33.4
74.7
-11.1
-2.7

77.3
-10.7
-3.7

38.1
76.0
-14.9
-4.6

74.9
-15.2
-4.1

63.0
115.3
41.9
73.4
-15.6
-3.4

76.8

77.3

77.7

80.5

81.8

83.1

32.9
69.4
-11.7

39.9

76.3

72.5

74.6

75.2

69.8

65.6

56.6

58.7

67.9

77.4

88.8

94.3

99.1

94.6

95.4

96.3

101.2

117.1

111.4

109.5

111.8

113.4

109.5

108.3

103.5

110.5

124.5

137.7

151.4

158.9

163.3

159.8

161.2

163.0

171.3

189.4

47.9

43.2

44.2

43.7

37.3

32.3

23.0

25.2

35.0

44.8

56.0

60.9

62.9

56.5

55.5

54.4

58.5

73.1

63.5
-15.8
127.2

66.3
-21.1
130.6

67.7
-18.7
130.5

69.7
-22.7
136.2

72.2
-31.8
141.2

76.0
-36.7
145.1

80.5
-50.0
153.5

85.3
-34.4
144.9

89.5
-12.4
136.8

93.0
-7.0
144.7

95.4
-11.7
163.1

98.0

100.4
-10.7
174.0

103.3
-14.9
174.7

105.7
-15.2
176.4

108.6
-15.6
178.6

112.8
-21.4
192.8

116.3
-15.3
204.8

1977

1978

1979

-11.1
170.0

1980

1981

Line

I
National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors'income
Inventory valuation adjustment
Capital consumption adjustment

1,667.8

1,712.1

1,750.1

1,841.5

1,893.1

1,956.0

2,007.6

2,044.8

2,095.5

2,154.5

2,206.2 2,185.1 2,233.9 2,346.6 2,428.7 2,452.2 2,550.0 2,557.3

1,196.9
1,007.3
203.5
803.8
189.6
61.7
127.8

1,233.4 1,269.5

1,355.7

1,445.1
1,210.0
230.9
979.1
235.0
80.3
154.7

1,477.5

1,137.8
221.3
916.5
217.9
72.2
145.7

1,400.4
1,176.0
227.2
948.8
224.4
74.1
150.3

1,003.2
241.4
81.7
159.8

1,519.1
1,270.7
238.0
1,032.7
248.5
83.4
165.1

1,561.3
1,305.6
245.9
1,059.7
255.7
85.0
170.7

1,602.7
1,338.2
251.0
1,087.1
264.5
87.4
177.2

1,625.2
1,354.6
257.5
1,097.1
270.6
87.7
182.8

1,658.0
1,380.8
262.8
1,118.0
277.2
88.9
188.2

1,721.1
1,436.0
273.6
1,162.4
285.1
91.7
193.4

1,773.9
1,474.5
278.5
1,196.0
299.4
101.6
197.8

1,807.6
1,502.1
281.9
1,220.2
305.5
102.9
202.6

1,038.0
210.1
827.9
195.5
63.0
132.5

1,064.0
213.8
850.2
205.5
68.9
136.7

1,318.3
1,106.3
217.0
889.3
212.1
70.9
141.2

147.7

157.0

160.2

170.9

174.3

174.8

181.2

181.9

185.1

186.5

180.3

164.3

176.9

188.7

193.0

181.8

15.1
19.4

20.6
25.1

20.4
25.0

22.5
27.1

22.2
27.1

21.0
26.0

25.3
30.4

23.3
28.9

23.9
29.7

22.4
28.6

14.6
21.4

4.9
11.9

13.3
20.5

19.7
27.2

19.3
27.1

19.5
27.6

24.5
32.9

18.1
26.8

-4.3
132.6

-4.5
136.4
137.4
-1.1
.1

-4.5
139.8
139.3
.3
.1

-4.6
148.4
150.3
-2.2
.2

-4.8
152.1
154.6
-3.0
.5

-5.0
153.8
155.6

-5.2
156.0
155.1
-.5
1.3

-5.5
158.6
158.7
-1.4
1.3

-5.8
161.3
163.0
-2.7
.9

-6.2
164.1
168.6
-6.0
1.5

-6.7
165.7
171.5
-6.9
1.0

-7.0
159.5
158.4
-.6
1.6

-7.2
163.7
163.6
-1.2
1.2

-7.5
169.0
169.4

-2.9
2.5

-7.8
173.7
170.2
-.7
4.2

-8.1
162.4
158.8
-2.0
5.6

-8.4
165.3
159.8
-1.1
6.6

-8.7
162.2
156.7
-1.2
6.7

133.2
-.7
.1

-2.7
.9

1,236.1
232.9

1,846.6
1,534.9
286.6
1,248.3
311.7
104.5
207.2

1,874.8

1,557.6
295.5
1,262.1
317.3
105.5
211.8
180.3

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

19.7

19.6

21.6

21.0

23.2

23.9

26.0

22.6

22.1

27.1

32.1

32.3

28.6

32.2

39.6

38.1

38.8

42.0

33.7
-13.9

34.2
-14.6

37.0
-15.4

37.2
-16.2

40.0
-16.9

41.5
-17.7

44.2
-18.2

42.3
-19.7

43.2
-21.0

48.3
-21.3

54.5
-22.4

55.4
-23.2

52.5
-23.9

57.2
-25.0

65.3
-25.7

64.4
-26.3

65.6
-26.8

69.1
-27.1

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

205.9

199.1

192.1

219.3

223.7

233.7

224.2

224.4

222.5

219.0

215.0

183.7

205.4

218.6

211.7

230.9

214.6

207.1
216.5
75.7
140.9
45.6
95.2
-9.5
-1.2

200.3
216.9

228.3
251.6
86.4
165.2
51.8
113.4
-23.3
-4.6

238.9
266.4
91.1
175.3
53.7
121.6
-27.5

230.1
265.2
88.8
176.4
55.4
120.9
-35.1
-5.9

231.7
271.7
89.2
182.5
56.9
125.6
-40.0
-7.4

225.4
278.8
94.8
184.0
61.8
122.3
-53.5
-10.4

201.0
243.3

221.3
258.8
88.8
170.0
68.7
101.3
-37.4
-2.7

210.1
234.4
79.3
155.1
72.7
82.4
-24.3
1.6

223.8
242.0
82.9
159.1
75.9
83.2
-18.2
7.0

209.9
228.5

88.3
186.6
58.0
128.6
-44.1
-8.3

227.1
268.5
85.7
182.8
59.7
123.1
-41.4
-8.1

195.0

96.0
-20.8
-2.6

223.0
246.2
85.2
161.0
49.5
111.5
-23.2
-3.7

230.8
274.9

76.0
140.9
46.8
94.1
-16.6
-1.2

194.8
215.6
71.3
144.3
48.3

73.7
154.8
77.7
77.1
-18.6
4.8

97.6

102.9

106.5

111.9

116.3

123.2

131.1

138.3

146.6

160.7

176.1

203.6

213.0

243.9

245.6

137.3

142.7

135.4

135.2

134.2

133.3

120.2

108.8

108.8

117.0

129.9

132.4

148.0

141.0

222.4

231.1

227.7

232.5

236.1

237.4

229.3

222.1

228.4

243.0

260.5

266.8

285.8

283.7

Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




130.2

123.1

120.8

134.1

203.2

198.5

199.7

216.5

64.3
89.9
-34.0

97.6
-42.3

-11.3

-11.2

215.7
254.5
88.5
166.0
65.6
100.5
-38.8
-10.3

179.6

180.6

199.1

229.0
74.8
154.2

81.1
162.2
64.7

84.6

76.3

72.6

84.6

85.5

89.0

80.0

78.2

76.2

73.6

58.4

44.6

44.1

51.4

61.2

59.7

72.1

63.2

118.6
-9.5
212.7

122.2
-16.6
215.1

127.1
-20.8
220.5

131.9
-23.2
239.7

136.9
-23.3
245.7

142.1
-27.5
258.6

147.7
-35.1
262.8

154.3
-40.0
272.5

160.0
-44.1
280.2

163.8
-41.4
278.8

170.8
-53.5
282.7

177.6
-34.0
256.2

184.3
-42.3
270.7

191.6
-38.8
281.7

199.3
-37.4
297.9

207.1
-24.3
291.1

213.7
-18.2
303.9

220.5
-18.6
302.3

82

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.14.—National Income by Type of Income: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1982

1984

1983

1985

Line

IV
2,560.3

2,618.1

2,626.9

2,678.9

2,754.6

2,830.2

2,922.3

3,049.0

3,139.4

3,207.5

3,253.2

3,315.6

3,352.4

3,403.9

1,917.4
1,586.8
304.3
1,282.5
330.6
109.7
220.9

1,937.0
1,601.9
308.9
1,293.0
335.1
110.2
224.9

1,950.8
1,611.8
315.7
1,296.1
339.0
110.3
228.7

1,977.8
1,629.2
319.0
1,310.2
348.6
117.1
231.5

2,016.0
1,661.4
322.7
1,338.7
354.5
118.7
235.8

2,059.8
1,698.7
326.9
1,371.8
361.2
120.4
240.7

2,117.3
1,747.8
329.5
1,418.3
369.5
123.2
246.3

2,182.5
1,793.6
338.7
1,454.9
389.0
135.6
253.4

2,235.1
1,837.6
344.5
1,493.1
397.5
138.2
259.4

2,282.6

2,366.4

1,877.1
351.2
1,525.9
405.4
140.3
265.1

2,323.5
1,910.9
356.9
1,554.0
412.6
142.0
270.6

1,946.1
365.2
1,580.9
420.3
144.7
275.6

2,402.7
1,976.0
369.7
1,606.3
426.7
146.4
280.3

2,442.0
2,008.9
376.5
1,632.5
433.1
148.5
284.6

170.5

179.5

179.1

190.3

189.0

193.1

194.9

204.8

235.8

249.1

257.5

247.7

266.3

263.9

265.4

15.4
24.3

14.0
22.9

13.1
22.1

15.3
24.5

14.0
23.0

8.9
17.8

1.2
9.9

4.6
13.3

20.5
29.1

22.2
30.9

21.2
29.8

22.7
31.1

23.2
31.5

21.0
29.2

20.0
28.1

-8.8
155.1

-6.9

-9.0
166.0

-9.2

-9.0

-3.9

-8.8

165.5

159.5
-.6
7.1

193.8
177.3
-.5
17.0

24.9

-8.6
236.2
209.3
-.3
27.2

-8.4
225.1
195.8
-.3

20.1

-8.7
215.3
193.0
-.2
22.5

-6.7
227.0
202.9
-.8

12.1

184.1
170.2
-.8
14.8

-6.7
200.2

159.6
-.4
6.3

175.1
167.0
-.2
8.3

175.0

-.8
6.3

29.6

-8.3
243.1
211.4
.2
31.5

-6.2
243.0
209.4
-.2
33.7

-8.1
245.4
209.8
.1
35.5

41.6

38.5

40.1

38.0

37.6

37.5

34.8

37.9

37.1

35.4

40.1

45.4

41.7

40.3

37.9

69.2
-27.6

-28.1

68.4
-28.3

67.9
-29.9

66.0
-28.4

64.9
-30.1

66.7
-28.8

66.0
-28.9

64.6
-29.2

69.7
-29.6

75.1
-29.7

71.6
-29.9

70.1
-29.9

70.2
-32.4

193.8

206.0

206.5

198.7

219.3

250.2

267.7

279.3

305.7

314.8

305.7

312.8

315.3

319.2

335.5

183.4
196.3
63.1
133.3

194.5
199.2
64.6
134.6
74.9
59.7
-4.7
11.5

191.7
198.1
65.3
132.8
75.4
57.4
-6.4
14.8

182.2
188.2
59.3
128.9
78.0
50.9
-6.0
16.5

193.5
191.3

272.3
278.9
100.9
178.0
89.1
88.8
-6.6
33.4

267.4
277.2
99.2
178.0
91.1
86.9
-9.8
47.4

253.5
253.2
87.5
165.7
91.1
74.7
.3
52.2

249.6
249.1

88.5
166.2

92.7
73.6
.2
57.9

95.4
153.7
95.4
58.2
.6
65.7

250.6
250.3
93.7
156.6
97.1
59.5
.3

267.1
259.9

85.4
164.1
84.9
79.2
-15.2
33.3

247.8
257.6
87.9
169.7
87.2
82.6
-9.8
31.5

254.9
254.7

60.1
131.2
80.3
50.9
2.2
25.8

220.0
227.0
75.5
151.5
82.1
69.4
-7.1
30.2

234.4
249.6

10.4

255.6

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

2,606.6

1,898.7
1,573.0
300.2
1,272.9
325.7
109.0
216.7

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

265.2

255.4

249.1

255.2

257.8

272.9

283.1

287.9

305.0

321.7

323.8

325.7

326.3

323.1

149.6

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

76.6
56.6
-12.9

Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

163.2
-.2

65.9
-28.4

180.6
-.5

99.5
160.4
98.5
61.9
7.2
68.5

130.7

141.3

141.2

139.4

159.2

174.7

182.3

191.4

204.8

215.6

218.2

224.3

219.9

225.5

236.0

279.8

298.2

301.8

301.6

319.2

334.9

343.8

352.8

368.4

382.6

389.7

398.9

397.4

406.4

421.1

54.1

66.4

61.4

78.9

92.5

97.3

104.2

115.7

124.5

127.1

131.7

124.5

128.4

137.5

225.7
-12.9
292.7

231.8
-4.7
303.0

240.3
-6.0
307.6

240.3
2.2
316.9

242.4
-7.1
341.9

246.5
-15.2
359.0

248.6
-9.8
362.6

252.7
-6.6
375.0

258.1
-9.8
392.4

262.6
.3

267.2
.2
398.7

272.9
.6
396.8

278.0
.3
406.0

283.6
7.2
413.9

236.1
-6.4
308.2

1986

1987

389.4

1988

1989

Line

3,487.7

3,503.5

3,537.6

3,574.5

3,665.3

3,756.0

3,849.3

3,943.0

4,023.3

4,107.3

4,186.9

4,286.8

4,350.2

4,375.0

4,396.4

2,522.5
2,075.7
387.8
1,688.0
446.8
155.1
291.7

2,545.8
2,093.4
392.9

2,631.6
2,164.8
406.8
1,758.0
466.8
161.3
305.5

2,681.8
2,207.1
413.6
1,793.4
474.7
162.8
311.9

2,725.9
2,244.2
419.3
1,824.9
481.7
164.8
316.9

2,773.7
2,284.8
424.1
1,860.7
488.9
167.3
321.6

2,841.0
2,344.8
431.8
1,912.9
496.2
170.2
326.0

2,888.4
2,379.6
441.6
1,938.0
508.8
179.6
329.3

2,951.8
2,434.7
448.0
1,986.7
517.1
183.4
333.7

3,001.3

1,700.6
452.3
156.4
295.9

2,582.9
2,123.6
399.0
1,724.6
459.2
158.7
300.5

2,022.4
524.9
186.2
338.7

3,053.7
2,520.1
459.9
2,060.2
533.6
189.4
344.2

3,097.0
2,555.8
470.0
2,085.9
541.2
190.8
350.3

3,126.6
2,577.3
475.7
2,101.6
549.3
192.4
356.9

3,163.6
2,605.5
482.9
2,122.6
558.1
194.3
363.8

271.8

275.8

285.3

281.6

294.9

301.1

307.2

312.1

329.5

337.2

346.3

342.0

366.5

357.9

355.5

20.0
28.0

20.2
28.4

25.9
34.1

26.0
34.1

27.1
35.1

29.1
37.0

29.1
37.0

30.8
38.6

32.9
40.8

26.8
34.6

28.0
35.8

16.5
24.4

35.7
43.5

31.5
39.2

29.2
37.4

-8.0
251.9
211.9
.8

-8.1
255.5
215.7
.1

-8.1
255.6
217.8

39.7

38.7

-8.0
267.8
231.8
-.6
36.6

-8.0
272.1
237.3
-1.1
35.9

-7.9
278.2
243.5
-.9
35.6

-7.8
281.3
246.6
-.6
35.3

-7.9

39.2

-8.2
259.4
220.0
-.2
39.5

261.5
-.8
35.9

-7.8
310.4
274.9
-.8
36.3

-7.8
318.3
283.1
-1.7
36.9

-7.9
325.6
289.9
-1.5
37.1

-7.7
330.8
293.9
-2.0
38.8

-7.7
326.3
289.5
-1.8
38.7

-8.2
326.3
289.6
-.5
37.2

36.6

34.8

30.7

26.8

32.7

30.8

37.8

41.9

44.9

41.5

40.0

50.0

46.6

44.9

37.4

67.4
-30.8

65.9
-31.1

62.4
-31.7

59.1
-32.3

65.3
-32.6

63.7
-32.9

71.1
-33.3

75.5
-33.7

79.2
-34.3

76.4
-34.9

75.0
-35.1

85.6
-35.5

82.5
-35.9

81.5
-36.7

81.6
-44.1

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

313.5

302.5

293.2

293.7

309.7

342.5

364.3

370.0

381.1

400.4

408.5

430.2

406.7

397.4

390.0

256.7
237.0
103.8
133.2
103.4
29.8
19.7
56.8

251.0
237.0
103.2
133.8
106.5
27.3
13.9
51.5

245.8
240.4
104.1
136.2
107.5
28.7
5.4
47.4

248.4
259.3
114.8
144.4
107.6
36.8
-10.9
45.3

262.7
276.6
112.0
164.6
108.8
55.8
-13.9
46.9

294.4
313.5
126.2
187.3
109.8
77.5
-19.2
48.1

314.6
330.3
134.7
195.6
113.2
82.4
-15.7

333.3
351.6
126.1
225.4
121.7
103.7
-18.3
47.8

354.0
379.4
135.4
244.1
126.4
117.6
-25.5
46.4

363.2
389.4
140.3
249.1
132.5
116.6
-26.1
45.3

388.6
407.4
146.9
260.5
137.8
122.7
-18.8
41.6

369.0
402.7
153.3
249.3
146.2
103.1
-33.7
37.8

360.4
379.3
143.9
235.5
153.0
82.5
-18.9

49.7

321.9
338.0
135.4
202.6
117.1
85.6
-16.2
48.1

36.9

355.9
356.4
132.9
223.4
157.6
65.8
-.4
34.1

Net interest

343.2

344.7

345.5

340.9

346.2

355.6

366.2

378.1

379.4

376.4

390.8

410.9

433.3

448.3

449.8

National income
Compensation of employees
Waae and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




-.9

296.6

2,476.4
453.9

209.8

199.3

189.1

178.9

197.6

216.3

229.6

234.5

254.9

265.0

268.3

283.3

253.4

253.5

257.1

400.1

392.0

386.5

381.6

403.0

424.7

438.5

446.4

468.6

479.8

482.2

499.4

466.9

465.2

475.3

106.3

92.8

81.5

71.2

106.5

116.4

117.5

133.2

138.6

135.8

145.5

107.2

100.6

99.5

293.8
19.7
380.4

299.3

304.9
5.4
381.0

310.3
-10.9
392.4

318.3
-19.2
443.9

322.1
-15.7
454.2

328.9
-16.2
462.5

335.4
-18.3
486.9

341.3
-25.5
505.3

346.4
-26.1
508.4

354.0
-18.8
518.2

359.8
-33.7
500.7

364.7
-18.9
484.1

375.8
-.4
475.7

13.9
378.1

314.2
-13.9
416.9

83

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.14.—National Income by Type of Income: Annually, 1929-57, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1990

1991

1992

1993

Line

4,552.9

4,645.0

4,675.6

4,737.1

4,773.0

4,812.6

4,935.1

4,995.5

4,951.9

5,097.2

5,150.2

5,232.6

5,259.4

3,343.4
2,750.4
514.2

4,695.0
3,393.0
2,784.7
527.8
2,256.9
608.3
208.3
400.0

4,703.5

3,284.1

National income

3,403.5
2,786.7
541.1
2,245.6
616.8
212.0
404.9

3,436.2
2,810.7
543.7
2,267.0
625.5
213.9
411.6

3,471.0
2,835.7
546.7

3,509.0
2,863.7
550.8

2,414.8
683.9
230.0
454.0

3,710.9
3,017.4
572.8
2,444.7
693.4
230.8
462.7

3,750.6
3,044.8
582.1

2,312.9
645.3
218.3
427.0

3,625.4
2,952.4
567.0
2,385.4
673.0
227.8
445.2

3,668.0
2,984.0
569.3

2,289.0
635.3
216.4
419.0

3,574.8
2,913.3
561.6
2,351.7
661.4
225.1
436.4

2,462.6
705.9
235.3
470.5

3,795.5
3,077.3
582.2
2,495.1
718.2
239.3
478.9

3,835.1
3,107.0
585.8
2,521.2
728.1
241.1
487.0

5,365.5
3,876.3

2,197.3
582.6
203.0
379.6

2,236.2
593.0
206.2
386.8

3,383.7
2,781.8
520.7
2,261.1
601.9
208.3
393.6

376.5

378.7

386.8

382.1

373.3

383.0

385.0

395.4

420.6

432.7

436.7

447.4

455.9

464.4

455.5

471.6

33.2
41.2

31.5
39.5

30.9
38.9

29.0
37.1

26.5
34.6

27.7
35.7

23.8
31.8

27.5
35.6

31.4
39.5

33.6
41.6

33.2
42.1

32.5
40.5

29.5
37.5

34.4
42.5

22.9
31.2

33.7
41.7

-3.0
343.3
312.8
-.7
31.2

-8.0
347.2
319.0
-.5
28.7

-8.1
355.9
331.1
-1.6
26.4

-8.1
353.0
329.9
-1.6
24.8

-8.0
346.7
322.2
.3
24.3

-8.0
355.4
330.8
.1
24.5

-8.1

-8.1
389.2
361.4
-.1
27.9

-8.0
399.1
371.4
-1.0
28.7

-8.9
403.5
375.4
-.6
28.8

-8.0
414.9
385.6
-.5
29.8

-8.0

426.4
394.4
-.7
32.7

-8.0
430.0
399.2
-.5
31.3

-8.2
432.5
402.6
0

-8.0
437.9
409.4
-.4
28.9

45.3

53.2

55.8

53.9

56.4

336.6
-.4
25.0
57.6

367.9
342.3
-.5
26.0

42.1

57.8

59.3

63.8

53.2

76.8

84.7

90.3

90.8

97.6

79.8
-37.8

Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

83.3
^8.0

91.5
-58.3

94.2
-38.4

92.1
-38.3

94.9
-38.4

96.4
-38.8

100.7
-42.9

97.5
-38.2

102.4
-38.6

129.0
-75.9

116.7
-39.8

129.7
^5.0

131.2
-40.9

134.1
-43.3

139.5
-41.9

2,701.6
504.3

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

-8.1
361.3

29.9

3,137.4
589.3
2,548.1
738.9
244.3
494.6

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

403.2

427.0

401.9

402.2

432.9

429.0

428.3

434.7

469.8

468.6

401.4

472.5

472.4

503.6

508.5

557.6

380.8
384.4
133.7
250.7
166.2
84.5
-3.6
22.3

405.0
402.9
141.2
261.8
166.2

386.3
406.1
139.6
266.5
163.4
103.2
-19.8
15.9

422.3
410.9
129.8
281.1
172.9
108.2
11.4
10.5

418.8
410.2
132.4
277.9
178.2

418.4
417.0
136.1

460.4
471.0
150.1
320.9
179.5
141.4
-10.6
8.1

407.3
410.7
128.8
281.9
186.7
95.2
^3.4
-6.0

470.5
476.6
151.0
325.6
192.4
133.2
-6.1
1.8

500.0
506.3
165.5
340.8
198.4
142.4
-6.3
3.6

548.8
552.8
182.7
370.1
215.3
154.9

1.4
9.9

460.9
458.6
144.4
314.2
178.8
135.4
2.2
9.0

506.2
505.8
162.3
343.5
206.5

10.2

424.7
426.4
136.1
290.3
181.4
108.9
-1.7
10.0

466.4
466.0

22.1

382.5
412.7
148.0
264.7
166.6
98.1
-30.2
19.4

Net interest

447.1

450.5

450.1

462.0

440.0

432.5

430.9

415.7

410.6

405.0

392.7

386.6

378.8

369.5

362.4

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow

95.6
2.0

99.7
8.6

280.9
181.3

99.6

149.2
316.8
197.0
119.8
.4
6.1

137.0
.4
2.3

269.5

285.9

253.9

262.6

303.1

296.6

292.2

298.7

325.4

318.4

272.6

323.3

321.4

338.1

346.2

374.8

485.5

507.1

481.4

500.0

538.0

528.7

523.4

531.8

564.3

560.2

527.9

556.8

568.2

583.4

594.1

616.2

103.3

119.7

87.3

99.2

130.2

118.4

111.0

117.3

146.6

138.9

85.9

126.3

129.0

139.7

139.7

159.6

382.2
-3.6
489.0

30

387.4
2.0
505.1

394.1
-30.2
511.6

400.8
-19.8
519.9

407.8
11.4
526.6

410.2
8.6

412.5
1.4
522.1

414.5
-1.7
533.5

417.7
2.2
562.1

421.2
-10.6
570.8

442.0
-4.4
531.3

430.5
.4
556.4

439.2
-6.1
574.3

443.7
-6.3
589.7

454.4
.4
593.7

456.6
-4.1
620.3

6,786.7
4,767.9
3,999.7
672.5

1994

520.1

1996

1995

1997

Line

I

IV
5,978.1

2,796.4
761.6
263.1
498.5

5,920.0
4,224.3
3,463.6
623.9
2,839.7
760.7
265.7
495.0

2,876.5
760.2
268.2
492.1

6,066.6
4,297.4
3,537.4
634.3
2,903.1
760.0
270.0
490.0

491.4

499.7

511.1

19.6
27.7

20.5
28.5

27.3
35.2

-8.0
467.2
441.8
-2.1
27.5

-8.0
471.8
444.8
-2.1
29.2

-8.0
479.2
450.8
-1.2
29.5

-8.0
483.9
453.7
-.4
30.6

-7.9
494.8
463.6
-.7

115.2

116.9

115.1

116.6

123.2

160.0
^3.8

160.1
^5.0

163.0
-46.1

161.3
-46.2

163.0
^6.4

569.3

598.5

626.2

630.0

655.5

552.5
562.7
182.8
379.8
229.7
150.1
-10.2
16.8

579.7
595.4
194.4
401.0
240.5
160.5
-15.7
18.8

605.1
620.7
204.1
416.6
249.4
167.1
-15.6
21.1

610.7
643.2
203.1
440.1
248.6
191.5
-32.5
19.4

637.1
665.3
208.8
456.6
251.1
205.5
-28.2
18.4

364.6

369.6

385.4

402.5

396.8

333.4

386.4

404.1

422.0

604.8

628.4

643.6

660.4

5,373.4

5,525.2

5,608.7

5,719.9

5,775.0

5,833.7

3,943.5
3,190.2
597.4
2,592.8
753.3
249.4
503.9
468.4

3,994.9
3,233.4
603.7
2,629.7
761.5
253.4
508.1

4,032.8
3,267.7
605.3
2,662.4
765.1
255.5
509.5

4,093.6
3,325.9
609.2
2,716.8
767.7
259.2
508.4

4,142.7
3,379.6
618.8
2,760.8
763.1
260.9
502.2

4,178.8
3,417.2
620.9

479.5

475.8

482.5

40.6
48.6

33.9
41.9

27.7
35.7

25.5
33.5

21.4
29.4

-8.0

-7.9
445.6
419.6
-.6
26.6

-3.0
448.1
422.7
-1.0
26.4

-8.0
457.0
430.9
-.7
26.8

98.0

112.0

116.2

156.4
-58.3

154.9
-42.9

Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

498.8
506.6
514.8
165.4
349.4
220.0
129.4
-8.3
-7.8

Net interest

National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

427.9
413.7
-.6
14.8

Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




II

30

4,264.1
3,503.8
627.3

6,177.5

6,254.5

6,342.9

4,367.8
3,604.6
639.3

4,427.8

4,489.4

3,660.9
643.1
3,017.8
766.8
277.2
489.6

3,717.6
647.3

2,965.3
763.2
274.0
489.1

525.9

546.6

31.1
39.0

36.3
44.2

6,555.8

3,070.3
771.8
280.4
491.4

6,454.8
4,553.7
3,786.5
656.9
3,129.6
767.2
284.5
482.7

553.5

553.0

570.0

576.0

6,676.4
4,675.8
3,912.7
666.5
3,246.2
763.0
291.3
471.7
586.0

38.0
45.8

31.7
39.5

30.6
38.4

29.6
37.4

29.8
37.5

28.9
36.6

4,607.8

3,845.0
661.2
3,183.8
762.8
287.7
475.2

3,327.2
768.2
296.2
471.9

592.7

-7.9

-7.9

31.9

510.3
477.1
-.7
33.8

515.5
479.8
0
35.8

-7.8
521.4
483.4
-.2
38.1

-7.8
539.4
498.4
.5
40.6

-7.8
546.4
502.5
1.1
42.8

-7.7
556.2
511.0
.6
44.7

-7.7
563.8
516.9
.7
46.2

128.4

129.0

130.1

131.4

130.4

128.9

127.4

126.7

174.4
-51.3

175.2
-46.8

176.1
-47.0

178.2
-48.1

179.9
-48.5

179.5
-49.1

178.6
^9.7

177.6
-50.3

177.5
-50.8

692.8

696.7

736.7

748.6

755.0

775.8

798.5

825.6

858.3

852.7

673.7
683.5
218.7
464.8
252.1
212.7
-9.8
19.2

679.2
681.8
213.3
468.5
265.0
203.4
-2.6
17.5

715.3
713.2
219.7
493.5
286.2
207.3
2.1
21.4

724.7
726.3
225.3
501.0
290.7
210.3
-1.7
23.9

729.6
724.9
224.0
500.9
302.7
198.2
4.7
25.4

748.1
741.0
225.6
515.4
311.3
204.1
7.1
27.7

768.1
757.7
227.0
530.7
321.4
209.3
10.4
30.4

793.3
781.2
231.8
549.4
331.8
217.5
12.1
32.3

824.7
819.0
245.2
573.8
340.6
233.2
5.6
33.6

817.3
811.6
244.8
566.9
347.1
219.8
5.7
35.4

392.8

386.7

383.0

378.2

385.5

388.1

393.3

402.2

417.5

429.0

446.8

427.0

446.7

474.1

483.4

517.0

523.3

531.1

550.2

571.5

593.7

613.1

607.9

675.8

703.5

738.2

745.4

762.3

771.3

775.8

795.1

815.7

837.9

859.4

858.4

113.4

156.7

163.6

172.6

178.4

195.6

222.0

218.4

230.8

232.6

228.4

238.9

250.1

261.9

272.5

260.8

491.4
-8.3
613.0

471.7
-10.2
638.6

480.0
-15.7

487.8
-15.6
676.0

497.5
-32.5
708.4

507.8
-28.2
731.7

516.3
-9.8
748.1

527.0
-2.6
747.9

531.5
2.1

538.7
-1.7
772.9

547.5
4.7
771.1

556.2

565.6
10.4
805.3

576.0
12.1
825.8

587.0
5.6
853.8

597.6
5.7

760.2

7.1
788.0

852.7

84

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income: 1929-97
[Billions of dollars]
Line

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

86.8

75.6

60.4

43.9

41.4

50.2

57.9

65.8

74.0

67.4

72.9

81.1

104.3

137.6

171.4

184.3

183.3

182.3

78.8

67.6

52.9

37.2

34.7

42.5

49.7

56.2

64.4

57.1

62.5

70.5

91.8

119.0

142.1

147.9

143.5

154.7

Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest

45.9
34.2
33.8
.4
10.4

39.4
30.8
30.4
.4
7.1

29.6
25.4
25.0
.4
2.8

19.9
19.0
18.7
.3
-.4

18.7
18.0
17.7
.3
-.3

24.5
21.0
20.7
.3
2.2

28.0
23.1
22.7
.4
3.6

33.3
26.3
25.6
.6
5.8

38.1
30.5
29.3
1.3
6.5

32.6
27.3
25.8
1.4
4.3

36.7
29.8
28.3
1.5
5.9

42.8
32.9
31.2
1.6
9.2

56.9
41.6
39.6
2.0
14.6

73.2
52.8
50.5
2.3
19.7

88.8
64.1
61.3
2.8
24.1

91.6
67.1
63.9
3.2
24.2

84.1
64.1
60.9
3.2
19.8

86.3
69.9
66.5
3.4
16.7

10.4
.5
-.5
1.3

4.2
3.3
-.3
1.4

.4
2.4
0
1.4

-1.4
1.0
0
1.3

1.7
-2.1

3.0
-.6
-.2
1.3

4.1
-.2
-.2
1.3

6.8
-.7
-.3
1.1

7.2
0
-.7
1.1

4.1
1.0
-.8

7.3
-.7
-.7
1.0

10.2
-.2

18.0
-2.5
-.9
.7

21.7
-1.2
-.8
.7

25.2

.1
1.0

-.3
.5

24.0
-.3
.4
.3

19.7
-.6
.7
.2

24.2
-5.3
-2.3
-.2

Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest

24.2
8.6
8.5
.1
14.9

20.3
7.8
7.7
.1
11.7

16.3
6.4
6.4
.1
9.1

11.2
4.8
4.8
.1
5.6

10.8
4.4
4.3
0
5.8

13.1
5.0
4.9
0
7.6

16.7
5.5
5.4
0
10.7

17.7
6.2
6.1
.1

18.5
6.8
6.5
.3
11.2

19.4
7.2
6.9
.3

21.1

11.7

7.8
7.5
.3
12.9

27.6
9.8
9.4
.3

11.0

20.7
7.1
6.8
.2
13.1

17.3

37.3
12.7
12.3
.4
24.1

44.1
14.6
14.2
.4
29.1

46.8
16.2
15.7
.5
30.3

49.6
17.6
17.1
.5
31.7

57.2
20.4
19.8
.6
36.6

6.2
6.3

4.4
4.5

3.5
3.5

2.1
2.1

2.6
2.6

2.9
3.0

5.3
5.3

4.3
4.4

6.0
6.1

4.4
4.5

4.4
4.5

4.5
4.5

6.4
6.5

10.1
10.3

12.0
12.2

12.0
12.2

12.4
12.7

14.8
15.2

-.1
8.7
8.9
.1
-.4

-.1
7.3
7.0
.8
-.4
.8

-.1
5.6
5.3
.6
-.3

0
3.5
3.4
.3
-.2
.7

0
3.2
4.0
-.5
-.2

0
4.6
4.9
-.1
-.2

0
5.4
5.7
-.1
-.2
.5

0
6.6

6.9
-.1
-.1
.5

-.1
7.1
7.3
0
-.2
.5

-.1
7.3
7.7
-.2
-.2
.5

-.1
8.4
8.7
0
-.2
.5

-.1
10.9
11.7
-.6
-.2
.5

-.2
14.0
14.5
-.4
-.1
.5

-.2
17.0
17.2
-.2
0
.4

-.2
18.3
18.3
-.1
0
.3

-.3
19.3
19.4

-.3
21.7
23.4

-.1
0
.3

-1.7
0
.3

4.3
.2
.2
0
0

4.4
.2
.2
0
0

4.7
.3
.3
0
0

5.4
.3
.3
0
0

5.5
.3
.3
0
0

6.2
.4
.3
0
0

7.3
.4
.4
0
0

7.8
.5
.5
0
0

8.0
.5
.5
0
0

8.2
.5
.5
0
0

9.3
.6
.6
0
0

0
3.4

0
5.0

0
5.6

0
5.9

0
6.1

0
7.0

3.8
-.4
1.8

5.6
-.5
1.8

6.2
-.6
1.7

6.6
-.8
1.6

7.0
-.9
1.6

8.0
-1.0
1.6

1.0
1.0
.9
0

1.2
1.2
1.2
0

1.5
1.5
1.4
0

1.5
1.5
1.5
.1

1.6
1.6
1.6
.1

1.9
1.9
1.8
.1

2.4

2.9

3.2

3.7

4.1

4.5

2.4
2.4
0

2.9
2.9
0

3.2
3.2
0

3.7
3.7
0

4.1
4.1
0

4.5
4.4
0

7.8

15.2

25.6

32.3

35.3

22.4

7.8
7.5
.3

15.2
14.8
.4

25.6
25.2
.4

32.3
31.5
.8

35.3
33.4
2.0

22.4
18.9
3.5

-.1
.4
.1

-.1
.3
.1

.7
.1

183.8
121.3
30.3

182.9
123.3
31.7

181.6
119.7
36.5

National income
Domestic business

Other private business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
Net interest

5.4
.2
.2
0
0

7.2
.3
.3
0
0

1.1

Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Households and institutions
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
General government
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries

o
—.0

Rest of the world
Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income ( M 8 )
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and
capital consumption adjustments (16+29).
Rental income of persons with capital consumption
adjustment (32).
Corporate profits with inventory valuation and
capital consumption adjustments (7).
Net interest (11+24+35)




.1
.2

.2
.5

.2
.2

.3
.1

.1
.2

86.0
51.1
14.9

74.8
46.9
11.7

59.9
39.8
9.1

43.6
31.1
5.6

41.1
29.6
5.8

50.0
34.3
7.6

57.6
37.4
10.7

65.5
42.9
11.0

5.6

4.9

4.0

3.2

2.5

2.1

2.2

2.3

10.4

7.1

2.8

-.4

-.3

2.2

3.6

5.8

4.0

4.2

4.3

4.0

3.6

3.7

3.7

3.5

73.6
48.0

.3
.1

.3
.1

.4
.1

66.9
45.0
11.2

72.4
48.1
11.7

80.8
52.2
12.9

103.8
64.8
17.3

137.1
85.3
24.1

170.9
109.6
29.1

13.1
2.6
6.5
3.5

3.1

3.3

3.4

4.0

5.0

5.6

5.9

6.1

7.0

4.3

5.9

9.2

14.6

19.7

24.1

24.2

19.8

16.7

3.4

3.4

3.1

3.1

3.0

2.6

2.2

2.1

1.7

85

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income: 1929-97—Continued
[Billions of dollars]
Line
National income
Domestic business
Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Other private business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Rental income of persons with capital
consumption adjustment.
Rental income of persons
Capital consumption adjustment
Net interest
Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Households and institutions
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
General government
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Rest of the world
Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income ( M 8 )
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and
capital consumption adjustments (16+29).
Rental income of persons with capital
consumption adjustment (32).
Corporate profits with inventory valuation and
capital consumption adjustments (7).
Net interest (11+24+35)




1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

198.6

223.3

216.7

241.0

278.7

293.3

308.2

308.4

338.5

358.7

375.0

377.3

411.5

4275

442.5

174.6

198.1

189.3

211.8

242.1

252.4

266.0

265.0

292.1

308.7

321.5

320.1

351.3

362.4

372.8

401.8

423.8

104.7
82.1
78.0
4.1
22.5

120.4
91.1
86.9
4.2
29.6

115.9
88.8
84.4
4.4
27.5

132.4
98.7
93.0
5.7
34.1

152.7
114.6
107.5
7.1
38.6

158.9
123.1
115.5
7.6
36.5

170.5
134.0
125.8
8.2
36.9

167.9
132.3
123.6
8.7
35.9

190.5
144.7
134.8
9.9
46.1

202.4
158.2
147.0
11.2
44.5

210.1
166.5
154.0
12.5
43.9

204.0
164.0
151.4
12.6
39.9

230.8
180.3
165.6
14.7
51.0

239.4
190.7
174.5
16.3
49.2

245.6
195.6
178.7
16.9
50.1

268.9
211.0
191.8
19.2
57.8

286.1
222.7
201.9
20.8
63.6

31.0

-6.9
-2.5
0

34.6
-2.2
-2.9
-.3

28.5
1.9

42.0
-5.0
-2.9
-.4

43.0
-1.2
-3.2
-.5

38.3
1.0
-5.8
-.6

39.9
-1.0
-2.0
-.4

37.4
-.3
-1.1
-.2

47.5
-1.7
.3
-.3

47.6
-2.7
-.4
-.4

46.0
-1.5
-.5
-.4

40.4
-.3
-.3
.2

51.0
-.3
.3
-.5

48.4
-.2
1.0
-.5

48.1
.3

-2.9
-.3

-.1

53.1
0
4.6
.1

57.9
.1
5.6
-.1

58.4
22.4
21.8
.7
35.6

64.9
24.0
23.3
.8
40.4

59.9
23.6
22.8
.8
35.7

64.4
25.3
24.3
1.0
38.6

72.7
28.2
27.0
1.2
43.9

74.9
29.9
28.6
1.2
44.4

75.5
31.4
30.1
1.3
43.3

75.5
31.2
29.8
1.4
43.5

78.6
32.2
30.7
1.5
45.5

82.0
34.1
32.4
1.6
47.0

85.3
35.2
33.4
1.8
49.0

87.4
35.2
33.4
1.8
51.1

89.7
37.1
34.9
2.2
51.4

89.7
37.0
34.6
2.3
51.5

91.8
36.5
34.1
2.4
54.0

94.9
37.2
34.7
2.6
56.0

97.3
38.1
35.3
2.8
57.3

15.1
15.6

17.5
18.1

12.7
13.3

13.5
14.1

16.0
16.8

15.1
15.9

13.0
13.7

12.5
13.2

11.5
12.2

11.3
12.1

11.3
12.1

13.1
14.0

10.9
11.8

11.4
12.3

12.1
12.9

12.1
12.9

11.9
12.7

-.5
20.5
21.9
-1.5
.1
.4

-.6
22.9
23.2
-.4

-.6
23.1
22.2
.5
.4
.5

-.6
25.1
25.7
-1.1
.4

-.8
27.8
27.8
-.3
.3
.7

-.8

29.3
28.6
.2
.5
.7

-.8
30.3
30.0
-.2
.5
.7

-.7
31.0
30.5
0

-.7
34.0
33.7
-.2
.5

-.8
35.7
35.6
-.5
.7

-.9
37.8
37.4
-.3
.6
1.0

-.9
38.0
37.5
-.1
.6
1.2

-.9
40.5
40.0
0
.6
1.2

40.1
39.6
0
.4
1.2

41.9
41.6
0
.3
1.4

-.8
44.0
43.6
0
.3
1.6

-.8
45.4
45.0
0
.4
1.9

9.5
.7
.7
0
0

10.5

11.0
.8
.8
0
0

12.3
1.0
.9
0
0

13.6
1.1
1.0
.1
0

15.0
1.1
1.0
.1
0

16.6
1.2
1.1
.1
0

18.1
1.2
1.1
.1
0

19.2
1.3
1.2
.1
0

20.3
1.3
1.2
.1
0

21.9
1.3
1.3
.1
-.1

23.9
1.4
1.3
.1
.3

25.9
1.4
1.3
.1
.3

27.8
1.5
1.4
.1
.3

29.7
1.7
1.5
.1
.4

31.9
1.8
1.7
.1
.4

33.8
1.9
1.8
.1
.4

.4

.4

0
7.0

0
7.6

0
7.8

0
8.7

0
9.5

0
10.5

0
11.5

0
12.5

0
12.8

0
13.1

-.1
13.8

-.1
14.5

-.1
15.2

0
16.2

0
16.9

0
17.8

0
18.5

8.4
-1.4
1.8

9.3
-1.6

9.5
-1.6
2.3

10.4
-1.7
2.7

11.4
-1.9
3.1

12.5
-2.0
3.5

13.5
-2.0
3.9

14.4
-2.0
4.5

14.8
-2.0
5.2

15.3

15.9
-2.1

-2.1

18.3
-2.1

5.9

6.9

16.5
-2.1
7.8

17.3

-2.1

2.1

8.9

9.8

19.0
-2.1
10.7

19.9
-2.1
11.9

20.5
-2.0
12.9

2.0
2.0
1.9
.1

2.3
2.3
2.2
.1

2.6
2.6
2.5
.1

2.7
2.7
2.6
.1

3.0
3.0
2.9
.1

3.5
3.5
3.4
.1

3.5
3.5
3.4
.1

3.6
3.6
3.5
.1

3.8
3.8
3.7
.1

4.0
4.0
3.8
.2

4.2
4.2
4.0
.2

4.7
4.7
4.4
.3

5.0
5.0
4.7
.4

5.5
5.5
5.1
.4

5.7
5.7
5.3
.4

6.1

6.1
5.7
.5

6.6
6.6
6.1
.5

5.1

5.6

5.9

6.5

6.9

7.2

7.8

8.1

9.1

9.9

10.6

11.5

12.4

13.9

14.5

15.6

16.7

5.1
5.1
.1

5.6
5.5
.1

5.9
5.9
.1

6.5
6.4

7.8
7.6
.2

8.1
7.9
.2

9.1
8.9
.2

9.9
9.6
.2

10.6

12.4
12.0
.4

13.9
13.3
.6

15.6

16.7

10.3
.3

11.5
11.2
.3

14.5
13.9

.1

7.2
7.1
.1

14.9
.7

15.8
.8

17.6

18.1

20.1

21.2

27.7

31.5

32.4

33.0

34.8

37.2

39.8

42.9

44.9

48.1

51.6

55.5

59.3

17.6
15.6
2.0

18.1
16.8
1.3

20.1
18.3
1.8

21.2
20.0
1.2

27.7
26.3

31.5
30.0

32.4
30.9

33.0
31.4

1.5

1.7

37.2
35.0
2.3

39.8
37.0
2.8

42.9
39.7
3.2

44.9
41.4
3.5

48.1
44.1
4.0

51.6
47.2
4.4

55.5
50.7

1.6

34.8
32.9
1.9

59.3
53.9
5.4

1.2

1.5

1.3

1.5

2.1

2.0

2.2

2.5

2.9

3.2

2.7

2.9

3.2

3.6

4.2

4.6

.1
1.0
.1

.1

.1
1.3
.2

0
1.9
.2

0
1.8
.2

-.1
2.0
.3

-.1
2.4
.3

-.1

1.3
.2

.1
1.1
.2

2.8
.2

-.1
3.1
.2

-.1
2.5
.3

-.1
2.7
.2

-.2
3.1
.2

-.1
3.3
.4

-.1
3.8
.5

-.1
4.1
.5

197.4
130.0
35.6

221.8
142.0
40.4

215.4
141.9
35.7

239.5
155.3
38.6

291.2
196.3
44.3

306.2
210.4
43.3

306.2
209.3
43.5

336.0
225.9
45.5

355.8
244.7
47.0

371.9
257.7
49.0

374.5
259.7
51.4

408.6
281.1
51.8

424.3
296.6
51.9

438.9
305.5
54.4

472.9
327.3
56.5

499.8
345.3
57.8

.1
.4

.1

1.4
2.0
0
1.7
.2
276.7
181.5
43.8

1.7

504.4

7.0

7.6

7.8

8.7

9.5

10.5

11.5

12.5

12.8

13.1

13.8

14.5

15.2

16.2

16.9

17.8

18.5

22.5

29.6

27.5

34.1

38.6

36.5

36.9

35.9

46.1

44.5

43.9

39.9

51.0

49.2

50.1

57.8

63.6

2.2

2.3

2.5

2.8

3.2

3.6

4.2

5.0

5.7

6.4

7.5

9.1

9.5

10.5

12.0

13.6

14.7

86

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income: 1929—97—Continued
[Billions of dollars]
Line
National income

1964

1967

1972

1973

1974

1975

1977

1978

1979

1980

542.1

589.6

646.7

681.7

743.6

802.7

837.5

903.9

1,000.4

1,127.4

1,211.9

1,302.2

1,456.4

1,635.8

1,860.2

2,075.6

2,243.0

1965

1966

1968

1969

1971

1970

1976

454.8

495.6

541.8

565.4

613.6

659.6

679.2

729.7

809.7

916.3

979.3

1,047.4

1,175.8

1,327.7

1,523.6

1,699.1

1,824.9

Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest

309.7
239.2
216.8
22.4
70.4

341.6
259.8
235.2
24.7
81.2

377.6
288.5
259.2
29.2
87.4

396.2
308.4
277.1
31.3
84.8

435.0
341.3
305.4
35.9
90.9

471.7
378.6
338.0
40.6
87.1

484.0
400.2
356.0
44.2
74.5

521.3
425.2
376.2
49.0
87.3

581.0
472.5
414.8
57.8
100.2

653.0
533.9
464.6
69.3
109.1

700.6
587.4
508.9
78.5
97.0

750.2
614.8
528.4
86.4
118.4

850.6
695.1
591.2
103.9
144.0

971.0
784.6
662.7
121.9
171.8

1,116.9
901.7
756.3
145.4
194.4

1,243.1
1,023.1
857.0
166.2
187.9

1,334.1
1,122.3
938.1
184.2
163.0

64.5
-.5
6.4
.1

75.3
-1.2
7.2
.6

81.9
-2.1
7.6
1.6

78.5
-1.6
7.9
3.0

86.5
-3.7
8.0
2.8

84 5
-5.9
8.5
6.0

73.5
-6.6
7.6
9.2

84.6
-4.6
7.3

97.8
-6.6
9.0
8.2

119.3
-19.6
9.4
10.0

129.3
-38.2
5.9
16.2

130.2
-10.5
-1.2
17.0

162.1
-14.1
-4.0
11.5

189.9
-15.7
-2.4
14.5

222.1
-23.7
-4.0
20.9

235.5
-40.1
-7.4
32.0

215.9
-42.1
-10.8
48.7

Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest

102.7
40.1
37.3
2.8
60.2

108.8
41.3
38.4
2.9
64.8

116.2
43.9
40.5
3.3
69.1

118.8
44.5
41.1
3.4
70.6

125.4
46.4
42.7
3.7
75.0

131.3
48.1
44.2
3.9
78.4

134.5
49.1
45.1
4.1
79.4

142.5
49.6
45.3
4.3

157.2
51.6
46.8
4.8
97.1

183.8
58.1
52.4
5.6
114.5

191.1
62.3
56.1
6.2
114.6

202.5
65.8
59.0
6.8
120.6

223.0
71.6
63.7
7.9
133.2

244.7
76.8
68.0
8.8
147.2

277.9
85.3
76.6
8.8
168.8

307.4
95.8
86.0
9.8
182.3

314.8
103.3
92.9
10.4
176.1

10.8
11.6

13.1
13.9

14.1
15.0

12.8
13.7

12.8
13.9

14.2
15.4

14.3
15.7

14.9
16.5

18.8
20.5

30.7
32.6

25.2
27.7

23.5
26.9

18.7
22.6

17.5
21.7

21.5
26.3

23.7
29.4

13.1
20.2

-.8
49.4
49.0
-.1
.5
2.4

51.7
51.7
-.2
.2
2.8

-.9
55.0
55.2
-.2
0
3.3

-1.0
57.9
58.2
-.2
-.1
3.6

-1.1
62.2
62.9
-.4
-.3
4.0

-1.2
64.2
65.0
-.5
-.3
4.9

-1.4
65.0
66.1
-.5
-.5
6.0

-1.6
70.7
72.0
7.3

-1.7
78.3
79.3
-.7
-.2
8.5

-1.9
83.8
85.8
-1.9
-.1
11.3

-2.5
89.4
93.1
-3.4
-.2
14.2

-3.4
97.1
98.7
-1.1
-.5
16.2

-3.9
114.6
115.8
-1.1
-.2
18.2

-4.2
129.7
130.5
-1.1
.3
20.7

-4.7
147.3
148.4
-1.9
.8
23.7

-5.7
158.5
159.6
-2.6
1.6
29.3

-7.1
162.9
163.7
-2.9
2.1
35.4

Other private business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Rental income of persons with capital
consumption adjustment.
Rental income of persons
Capital consumption adjustment
Net interest

35.4
2.0
1.9
.2
.5

37.5
2.1
2.0
.2
.5

39.8
2.3
2.1
.2
.5

41.5
2.6
2.4
.2
.5

43.3
2.8
2.5
.2
.5

45.6
3.0
2.8
.2
.5

47.9
3.2
2.9
.3
.5

51.9
3.4
3.1
.3
.5

56.3
3.8
3.4
.4
.6

62.7
4.1
3.7
.4
.7

68.4
4.4
3.9
.5
.9

72.5
4.7
4.2
.5
1.0

78.1
5.1
4.5
.6
1.1

86.1
5.7
5.0
.7
1.1

100.4
6.2
5.6
.6
1.2

117.3
6.9
6.2
.7
1.4

140.2
7.5
6.8
.8
1.5

1.0

1.2

1.3

1.5

1.8

2.0

0
18.6

0
19.2

0
19.9

0
20.4

-.1
20.2

-.1
20.3

20.3

-.1
21.2

-.1
21.6

-.1
23.1

-.1
23.0

-.2
22.0

-.2
21.5

-.3
20.4

-.3
22.4

-.4
24.5

-.5
31.3

20.6
-2.0
14.3

21.4
-2.2
15.7

22.4
-2.5
17.0

23.2
-2.8
18.1

23.4
-3.3
19.9

24.3
-3.9
21.8

24.6
-4.3
23.9

26.1
-5.0
26.7

27.7
-6.1
30.3

30.1
-7.0
34.7

31.7
-8.7
40.2

32.3
-10.3
44.8

33.0
-11.5
50.4

34.0
-13.6
58.9

38.9
-16.5
70.6

44.5
-20.0
84.5

54.9
-23.6
99.8

7.1
7.1
6.5
.6

7.7
7.7
7.1
.6

8.3
8.3
7.7
.6

8.2
.7

9.9
9.9
9.3
.7

11.0
11.0
10.2
.8

12.8
12.8
11.7
1.1

14.0
14.0
12.5
1.5

15.2
15.2
13.5
1.7

16.8
16.8
14.9
1.9

19.3
19.3
16.8
2.5

22.2
22.2
18.5
3.7

24.0
24.0
19.8
4.3

25.9
25.9
20.9
5.0

28.4
28.4
22.9
5.5

31.4
31.4
25.0
6.4

35.8
35.8
28.2
7.6

17.9

19.3

21.3

23.4

26.1

29.5

32.4

35.6

38.9

43.0

47.1

52.0

57.1

62.4

69.7

77.3

87.1

17.9
17.0
.9

19.3
18.3
1.0

21.3
20.1
1.2

23.4
22.0
1.4

26.1
24.6
1.5

29.5
27.7
1.8

32.4
30.3
2.1

35.6
33.1
2.5

38.9
35.9
3.0

43.0
39.3
3.7

47.1
42.9
4.3

52.0
47.0
4.9

57.1
51.5
5.6

62.4
55.9
6.4

69.7
62.9
6.9

77.3
69.5
7.7

87.1
78.4
8.6

64.4

69.3

78.4

87.4

97.8

107.5

119.4

130.9

143.1

155.4

169.8

189.6

206.4

225.1

244.8

266.3

295.7

64.4
58.3
6.1

69.3
62.8
6.5

78.4
70.6
7.8

87.4
78.2
9.2

97.8
87.3
10.5

107.5
95.4
12.1

119.4
105.4
14.0

130.9
114.2
16.7

143.1
124.2
18.8

155.4
133.8
21.7

169.8
143.6
26.2

189.6
157.6
32.1

206.4
169.0
37.4

225.1
181.5
43.6

244.8
197.0
47.8

266.3
211.9
54.4

295.7
233.0
62.8

Domestic business

Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Households and institutions
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
General government
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Rest of the world
Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income (1-48)
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and
capital consumption adjustments (16+29).
Rental income of persons with capital
consumption adjustment (32).
Corporate profits with inventory valuation and
capital consumption adjustments (7).
Net interest (11+24+35)




_

4

5.0

5.4

5.2

5.5

6.2

6.2

6.4

7.7

8.7

12.7

15.7

13.2

17.1

20.7

22.1

32.9

35.3

-.1
4.5

0
4.7
.7

0
4.5

0
4.8
.7

0
5.6
.5

0
6.6
-.5

0
7.1
-.7

0
7.9
-.2

0
9.5

0
14.9
-2.2

0
17.5
-1.7

0
14.6
-1.4

0
16.5
.6

-.1
19.1
1.6

-.1
22.9
-.7

-.1
34.6
-1.6

-.1
35.5
-.1

537.1
370.8
60.6

584.2
399.5
65.2

641.5
442.6
69.6

676.2
475.1
71.1

737.5
524.3
75.4

796.5
577.6
78.9

831.0
617.2
79.8

896.2
658.8
86.1

991.7
725.1
97.7

1,114.7
811.2
115.2

1,196.2
890.2
115.5

1,289.0
949.1
121.6

1,439.2
1,059.3

1,615.2
1,180.5

1,838.1
1,336.1

2,042.7
1,500.8

2,207.7
1,651.8

134.3

148.3

170.1

183.7

177.6

18.6

19.2

19.9

20.4

20.2

20.3

20.3

21.2

21.6

23.1

23.0

22.0

21.5

20.4

22.4

24.5

31.3

144.0

171.8

194.4

187.9

163.0

80.2

94.1

115.1

145.8

184.0

70.4
16.8

81.2
19.0

87.4
22.0

84.8
24.7

90.9
26.7

87.1
32.6

74.5
39.2

87.3
42.8

100.2
47.0

109.1
56.1

97.0
70.5

118.4
77.9

87

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income: 1929-97—Continued
[Billions of dollars]
1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1

2,497.1

2,603.0

2,796.5

3,162.3

3,380.4

3,525.8

3,803.4

4,151.1

4,392.1

4,642.1

4,756.6

4,994.9

5,251.9

5,556.8

5,876.7

6,210.4

6,618.4

Line
National income

2

2,039.3

2,105.2

2,264.6

2,584.7

2,769.9

2,885.4

3,116.4

3,404.9

3,589.8

3,765.8

3,829.3

4,020.2

4,234.7

4,509.7

4,790.2

5,084.3

5,458.1

Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest

3
4
5
6
7

1,494.8
1,243.5
1,037.3
206.3
189.3

1,537.3
1,299.4
1,078.7
220.6
168.5

1,658.4
1,373.3
1,139.2
234.1
218.6

1,876.3
1,523.0
1,266.2
256.8
272.8

2,002.2
1,634.7
1,363.8
270.9
284.0

2,079.3
1,732.7
1,444.7
288.0
261.0

2,264.5
1,858.8
1,551.2
307.6
298.6

2,456.3
1,995.4
1,667.1
328.3
348.3

2,570.2
2,101.4
1,756.0
345.4
331.4

2,687.7
2,217.6
1,847.9
369.7
335.9

2,731.4
2,259.7
1,871.9
387.7
356.9

2,860.0
2,385.5
1,964.8
420.7
384.4

3,018.6
2,500.4
2,048.7
451.7
433.7

3,234.9
2,646.0
2,165.8
480.2
496.0

3,445.6
2,776.5
2,300.1
476.4
576.8

3,658.2
2,912.2
2,442.8
469.4
653.2

3,952.1
3,098.1
2,636.8
461.3
723.1

8
9
10
11

211.2
-24.6
2.7
62.0

162.7
-7.5
13.3
69.4

195.9
-7.4
30.2
66.4

229.0
-4.0
47.7
80.5

216.8
0
67.2
83.4

203.7
7.1
50.3
85.6

266.6
-16.2
48.2
107.0

325.3
-22.2
45.3
112.5

312.5
-16.3
35.3
137.4

328.8
-12.9
19.9
134.3

341.8
4.9
10.2
114.8

382.9
-2.8
4.3
90.1

433.6
-4.0
4.1
84.4

496.2
-12.4
12.2
92.9

576.4
-18.3
18.6
92.4

625.5
3.1
24.6
92.8

681.7
8.4
32.9
130.8

Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest

12
13
14
15
16

338.8
110.5
99.5
11.0
184.6

343.4
114.1
102.6
11.5
178.2

367.8
119.5
106.7
12.7
193.7

444.7
131.6
117.0
14.7
245.3

479.5
141.3
125.3
15.9
265.1

503.5
148.2
130.8
17.4
276.8

526.5
154.4
136.7
17.7
302.0

593.5
175.8
155.6
20.2
336.7

644.1
189.3
166.5
22.9
359.6

671.4
202.1
177.0
25.1
378.8

671.8
205.5
178.7
26.7
381.8

722.8
216.3
188.0
28.4
431.7

758.3
228.9
198.8
30.1
459.0

793.1
243.7
212.5
31.2
473.6

832.5
261.2
228.8
32.4
494.9

890.9
274.3
241.6
32.7
541.7

953.2
295.8
262.9
32.8
577.8

17
18

20.3
28.6

14.4
23.4

7.2
16.0

21.6
30.2

21.5
29.7

23.0
31.1

29.0
36.9

26.0
33.9

32.2
40.0

31.1
39.2

26.4
34.4

32.7
40.9

30.1
38.2

31.9
39.9

22.2
30.2

34.3
42.1

29.7
37.5

19
20
21
22
23
24

-6.3
164.3
159.2
-1.3
6.3
43.7

-9.0
163.7
156.6
-.5
7.6
51.1

-8.8
186.6
170.5
-.5
16.6
54.7

-8.6
223.7
197.5
-.4
26.6
67.7

-8.2
243.5
208.7
-.2
35.0
73.2

-8.1
253.8
213.9
0
39.9
78.5

-7.9
272.9
237.3
-.8
36.4
70.1

-7.9
310.6
274.7
-1.2
37.1
81.0

-7.9
327.5
290.8
-1.3
38.0
95.1

-8.0
347.6
320.3
-1.1
28.5
90.5

-8.0
355.4
329.9
-.1
25.6
84.5

-«.2
399.1
370.2
-.5
29.4
74.8

-8.1
428.9
397.9
-.4
31.4
70.4

-8.0
441.6
418.1
-.7
24.3
75.9

-8.0
472.7
444.3
-1.5
29.9
76.4

-7.9
507.4
472.3
-.4
35.5
74.9

-7.8
548.1
503.2
.7
44.2
79.6

25
26
27
28
29

165.0
8.2
7.3
.8
1.6

181.8
8.6
7.7
.9
1.7

192.5
9.2
8.2
1.0
1.7

214.5
10.0
8.9
1.1
2.2

234.6
10.7
9.5
1.2
2.0

247.1
11.1
9.8
1.3
1.8

266.6
11.6
10.3
1.3
1.9

291.3
11.8
10.4
1.3
2.1

308.3
12.6
11.1
1.5
2.1

333.5
13.1
11.5
1.6
2.2

349.5
13.3
11.6
1.7
2.4

356.2
13.8
12.0
1.8
2.6

376.1
14.2
12.4
1.9
2.9

395.7
14.6
12.7
1.9
3.0

423.8
14.8
13.0
1.9
2.8

445.0
15.5
13.6
1.9
3.1

460.2
16.4
14.5
1.9
3.3

30

2.2

3.3

3.9

Domestic business

Other private business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and
capital consumption adjustments.
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Rental income of persons with capital
consumption adjustment.
Rental income of persons
Capital consumption adjustment
Net interest
Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Households and Institutions
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
General government
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Rest of the world
Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income (1-48)
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and
capital consumption adjustments (16+29).
Rental income of persons with capital
consumption adjustment (32).
Corporate profits with inventory valuation and
capital consumption adjustments (7).
Net interest (11+24+35)




2.3

2.4

2.8

2.5

2.4

2.5

2.7

2.8

2.9

3.0

3.5

3.6

3.5

3.7

31
32

g

g

g

g

g

g

g

g

g

1

1

j

g

g

1

1

g

39.6

39.6

36.9

39.5

39.1

32.2

35.8

44.1

40.5

49.1

56.4

63.3

90.9

110.3

117.9

129.7

128.3

33
34
35

66.1
-26.5
115.6

68.0
-28.5
131.9

65.9
-28.9
144.6

68.8
-29.4
162.8

70.3
-31.2
182.9

63.7
-31.5
202.0

68.9
-33.1
217.3

79.1
-35.0
233.3

80.2
-09.7
253.1

87.2
-08.1
269.1

96.0
-39.6
277.4

111.4
-48.1
276.5

133.6
-42.8
268.2

157.8
-47.5
267.8

165.4
-47.5
288.2

177.4
^7.6
296.8

178.3
-50.0
312.2

36
37
38
39

40.6
40.6
31.7
8.9

42.8
42.8
33.1
9.6

46.0
46.0
35.3
10.7

49.3
49.3
38.1
11.2

53.6
53.6
40.8
12.7

55.6
55.6
42.4
13.1

58.9
58.9
44.9
13.9

64.0
64.0
48.2
15.7

67.2
67.2
50.5
16.7

73.2
73.2
54.4
18.8

76.7
76.7
56.7
19.9

81.2
81.2
59.8
21.4

81.7
81.7
59.8
21.9

86.0
86.0
62.9
23.1

88.4
88.4
64.7
23.7

90.2
90.2
66.1
24.1

92.6
92.6
67.6
25.1

40

97.6

108.2

119.2

131.2

141.0

153.7

173.3

195.1

214.6

237.9

257.5

279.5

297.0

313.3

330.3

348.6

363.2

41
42
43

97.6
87.7
9.9

108.2
97.3
11.0

119.2
105.8
13.4

131.2
115.1
16.0

141.0
123.3
17.7

153.7
134.2
19.5

173.3
151.2
22.2

195.1
169.5
25.6

214.6
184.9
29.7

237.9
203.7
34.3

257.5
219.1
38.4

279.5
237.7
41.8

297.0
250.5
46.5

313.3
263.9
49.4

330.3
281.0
49.3

348.6
295.7
52.8

363.2
312.3
50.9

44

325.5

353.1

375.8

411.0

444.3

471.1

499.9

532.6

567.3

609.4

645.1

671.8

695.8

717.0

735.8

759.4

790.0

45
46
47

325.5
253.9
71.5

353.1
274.1
78.9

375.8
289.2
86.6

411.0
309.7
101.3

444.3
332.7
111.6

471.1
354.1
117.0

499.9
377.3
122.6

532.6
402.6
130.0

567.3
429.2
138.1

609.4
462.3
147.0

645.1
488.8
156.3

671.8
507.9
163.9

695.8
525.1
170.8

717.0
541.0
176.0

735.8
558.0
177.8

759.4
574.9
184.5

790.0
596.7
193.3

48

34.7

36.4

36.9

35.3

25.4

15.5

13.7

18.4

20.4

29.0

24.7

23.4

24.4

16.8

20.3

18.1

7.1

49
50
51

-.2
29.7
5.2

-.2
32.7
3.9

-.2
35.5
1.6

-.2
37.0
-1.4

-.2
38.4
-12.8

-1.8
39.8
-22.5

-1.4
48.0
-33.0

-.9
56.7
-37.4

-1.3
64.2
-42.6

-2.3
72.7
-41.4

-2.8
74.3
^6.9

-3.3
68.7
-42.0

-3.7
76.7
-48.7

-4.4
77.2
-56.0

-4.5
92.0
-67.2

-4.6
100.9
-78.2

-4.9
110.7
-98.8

52
53
54

2,462.3
1,825.9
186.2

2,566.5
1,926.2
179.9

2,759.6
2,042.9
195.5

3,126.9
2,256.1
247.5

3,355.1
2,425.4
267.0

3,510.3
2,572.5
278.6

3,789.7
2,756.9
303.9

4,132.7
2,974.7
338.8

4,371.7
3,152.3
361.8

4,613.2
3,353.3
381.0

4,731.9
3,457.7
384.2

4,971.5
3,648.1
434.3

5,227.5
3,818.1
461.8

5,540.0
4,020.6
476.6

5,856.4
4,207.0
497.7

6,192.3
4,400.1
544.7

6,611.4
4,656.2
581.2

55

39.6

39.6

36.9

39.5

39.1

32.2

35.8

44.1

40.5

49.1

56.4

63.3

90.9

110.3

117.9

129.7

128.3

56

189.3

168.5

218.6

272.8

284.0

261.0

298.6

348.3

331.4

335.9

356.9

384.4

433.7

496.0

576.8

653.2

723.1

57

221.3

252.4

265.7

311.0

339.5

366.1

394.5

426.8

485.6

493.9

476.7

441.4

423.0

436.5

457.0

464.5

522.6

88

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97
Line

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

Billions of dollars

104.2

54.4

26.5

33.1

36.7

42.2

47.8

42.4

46.6

53.3

68.9

86.4

102.3

106.0

99.4

4.1

3.8

4.0

4.0

4.1

4.5

4.7

4.6

4.8

5.4

6.2

6.1

6.1

6.2

7.5

42.9

32.9

23.4

22.7

29.1

32.7

38.1

43.3

37.6

42.0

48.5

63.5

80.2

96.2

99.9

93.2

3.5

3.4

3.5

4.0

4.6

4.6

4.8

5.1

5.0

5.2

5.6

6.6

7.0

7.5

8.3

9.2

96.7
10.4

39.4
30.8
30.4

29.6
25.4
25.0

19.9
19.0
18.7

18.7
18.0
17.7

24.5
21.0
20.7

28.0
23.1
22.7

33.3
26.3
25.6

38.1
30.5
29.3

32.6
27.3
25.8

36.7
29.8
28.3

42.8
32.9
31.2

56.9
41.6
39.6

73.2
52.8
50.5

88.8
64.1
61.3

91.6
67.1
63.9

84.1
64.1
60.9

.4
7.1

.4
2.8

.3
-.4

.3
-.3

.3
2.2

.4
3.6

.6
5.8

1.3
6.5

1.4
4.3

1.5
5.9

1.6
9.2

2.0

2.3

2.8

3.2

3.2

14.6

19.7

24.1

24.2

19.8

10.4
1.4
9.0
5.6
3.4
.5
-.5
1.3

4.2
.8
3.3
5.3

.4
.5
-.1
4.1

-1.4

-2.1

.1
1.0

7.3
1.4
5.9
3.6
2.3
-.7
-.7
1.0

19.7
10.7

1.0
0
1.3

4.1
1.0
3.1
2.9
.2
1.0
-.8
1.1

24.0
12.9
11.1

-4.4

7.2
1.5
5.7
4.5
1.1
0
-.7
1.1

25.2
14.1
11.1

2.4
0
1.4

6.8
1.4
5.4
4.4
1.0
-.7
-.3
1.1

21.7
11.4
10.3

-4.2

4.1
1.0
3.1
2.7
.4
-.2
-.2
1.3

18.0

3.3
-.3
1.4

3.0
.7
2.3
2.5
-.2
-.6
-.2
1.3

10.2

-2.0

1.7
.5
1.2
2.0
-.8

4.3
6.8
-.3
.4
.3

9.0
4.4
4.6
-.6
.7
.2

3.6

2.6

2.1

1.8

1.6

1.9

2.0

2.3

2.4

2.4

2.4

50.8

Gross product of nonfinancial corporate
business.

27.5

4.6

45.9
34.2
33.8
.4
10.4

Gross product of financial corporate business

37.5

4.9

49.4
3.5

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

47.8

5.0

Gross product of corporate business .
Consumption of fixed capital .

45.2

35.4

25.7

25.0

31.2

34.6

39.8

45.4

39.9

44.2

.4
-1.8

2.6

2.8
7.3
3.8
3.6
-.2
-.8
.8

7.6
10.3

4.2
6.1

4.0
6.2

-2.5

-1.2

-.9
.7

-.8
.7

4.2
6.9
-.8
-.3
.5

2.5

2.7

2.8

3.0

3.3

3.5

50.8

66.2

83.5

99.3

102.7

95.9

86.3
69.9
66.5
3.4
16.7
24.2
9.1
15.1
5.1
10.0
-5.3
-2.3
-.2

4.3
99.9

4.9

4.4

4.0

3.7

3.9

3.9

4.0

4.4

4.6

4.5

4.7

5.3

6.0

5.9

6.0

6.1

7.3

40.4

31.0

21.7

21.2

27.3

30.7

35.9

41.0

35.4

39.7

46.1

61.0

77.5

93.4

96.8

89.9

3.4

3.2

3.4

3.8

4.4

4.5

4.7

5.0

4.9

5.1

5.5

6.4

6.8

7.3

8.1

8.9

92.6
10.1

42.5
32.3
31.9
.4
8.8

37.0
29.0
28.6

27.7
23.7
23.3

18.4
17.6
17.3

17.4
16.7
16.4

22.9
19.7
19.4

26.2
21.7
21.3

31.2
24.8
24.2

36.0
28.9
27.7

30.5
25.7
24.3

34.6
28.2
26.8

40.7
31.2
29.6

54.6
39.8
37.9

70.7
51.0
48.8

86.1
62.2
59.5

88.7
65.1
62.0

81.0
61.9
58.8

.4
6.5

.3
2.3

.3
-.9

.3

.3
1.5

.3
2.9

.6
4.8

1.2
5.5

1.3
3.3

1.4
4.9

1.6
8.1

1.9

2.2

2.7

3.1

3.1

-1.0

13.4

18.5

22.8

22.6

18.1

3.5
.7
2.7
5.0

-.1
.5
-.6
3.8

-2.0

1.0
.1
1.7

3.1
.9
2.2
2.6
-.5
1.0
-.8
1.5

6.3
1.4
4.9
3.3
1.6
-.7
-.7
1.5

9.0
2.7
6.3
3.5
2.8
-.2
-.8
1.4

17.9
10.2

-4.8

6.2
1.4
4.7
4.2
.5
0
-.7
1.6

22.3
12.6

2.4
0
1.8

5.8
1.3
4.4
4.1
.3
-.7
-.2
1.6

23.7
13.8
10.0

-4.4

3.3
.9
2.4
2.4
.1
-.2
-.2
1.6

20.3
11.2

3.3
-.3
1.6

2.3
.7
1.6
2.3
-.7
-.6
-.2
1.7

16.7

-2.3

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment ..
Net interest

4.8

45.9
3.4

Consumption of fixed capital

9.7
4.1
5.7
-.3
.5
1.0

7.7
4.1
3.6
-.6
.7
1.0

22.1
8.6
13.5
4.8
S.7
-6.3
-2.3
.7

.3
-2.4

2.4

1.0
.5
.5
2.0
-1.5
-2.1

.1
1.7

7.5
9.3
3.9
5.4

9.2
3.7
5.4

-2.5

-1.2

-.9
1.3

-.7
1.3

3.9
6.0
-.8
-.2
1.1

82.5
67.2
63.9
3.3
14.6

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital»
Net product2

36

298.0

278.8

252.3

215.3

209.0

235.8

255.5

292.0

316.9

294.5

328.0

371.3

444.4

510.7

574.4

590.4

548.3

524.6

41.5
256.5

42.5
236.3

42.0
210.3

41.1
174.3

38.9
170.1

38.5
197.3

37.9
217.6

38.2
253.8

39.3
277.6

40.4
254.2

40.0
288.0

40.8
330.5

42.8
401.6

43.6
467.2

41.9
532.5

549.3

42.1
506.2

45.2
479.4

NOTE TO USERS: See the cautionary note on page 23 concerning comparisons of chained (1996) dollar estimates.
See footnotes at the end of the table.




89

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962 1963

Billions of dollars

125.8

141.5

160.3

183.7

192.4

206.2

203.8

229.4

245.3

256.5

251.7

281.9

293.8

302.0

328.8

10.4

11.4

12.2

14.0

14.9

15.8

16.6

17.6

19.8

21.9

22.8

23.7

24.7

25.2

26.2

27.2

117.0
12.3

134.0
13.6

130.1
14.2

148.1
15.7

169.6
16.9

177.5
18.5

190.3
19.8

187.1
19.2

211.8
21.2

225.4
23.1

234.6
24.5

228.9
24.9

258.1
27.4

269.2
29.8

276.8
31.2

302.6
33.7

321.9
35.8

104.7
82.1
78.0
4.1
22.5

120.4
91.1
86.9

115.9
88.8
84.4

132.4
98.7
93.0

152.7
114.6
107.5

158.9
123.1
115.5

170.5
134.0
125.8

167.9
132.3
123.6

190.5
144.7
134.8

4.2

4.4

5.7

7.1

7.6

8.2

8.7

9.9

29.6

27.5

34.1

38.6

36.5

36.9

35.9

46.1

202.4
158.2
147.0
11.2
44.5

210.1
166.5
154.0
12.5
43.9

204.0
164.0
151.4
12.6
39.9

230.8
180.3
165.6
14.7
51.0

239.4
190.7
174.5
16.3
49.2

245.6
195.6
178.7
16.9
50.1

268.9
211.0
191.8
19.2
57.8

286.1
222.7
201.9
20.8
63.6

31.0
11.3
19.7
5.6
14.1
-5.9
-2.5
0

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

144.4

8.9

Gross product of corporate business
Consumption of fixed capital

34.6
12.4
22.2

28.5
10.2
18.3

42.0
17.9
24.0

43.0
22.6
20.5

38.3
19.4
18.9

39.9
20.3
19.6

37.4
17.6
19.8

47.5
22.0
25.5

47.6
22.0
25.6

46.0
21.4
24.6

40.4
19.0
21.5

48.4
22.7
25.7
11.4
14.3

48.1
22.8
25.4
11.5
13.9

53.1
24.0
29.1
12.4
16.8

-.2
1.0
-.5

.3
1.7
-.1

0
4.6
.1

57.9
26.2
31.6
13.6
18.1
.1
5.6
-.1

6.2

6.4

7.9

7.4

7.5

7.8

7.9

8.9

9.5

9.9

9.8

16.0
-2.2
-2.9

11.9

13.1
-1.2
-3.2

11.5

16.6
-1.7

16.2
-2.7

14.7
-1.5

11.6

-2.8

11.8
-1.0
-2.0

11.9

-2.9

16.2
-5.0
-2.9

51.0
23.6
27.3
10.7
16.6

-1.1

-.3

-.3

-.4

-.5

-.6

-.4

-.2

.3
-.3

-.4
-.4

-.5
-.4

-.3
-.3
.2

-.3
.3
-.5

1.9

1.0

-.3

349.2

4.5

5.5

6.2

6.6

7.2

8.2

9.4

10.1

10.7

11.4

12.1

13.4

14.5

15.8

16.5

17.1

17.3

121.3

Gross product of financial corporate business
Gross product of nonfinancial corporate
business.

138.9

135.3

153.7

176.5

184.2

196.8

193.7

218.7

233.8

244.3

238.3

267.3

278.0

285.5

311.7

331.8

8.7

11.1

11.9

13.7

14.6

15.5

16.2

17.2

19.3

21.3

22.2

23.1

24.0

24.6

25.5

26.5

128.7
13.1

124.2
13.7

141.8
15.2

162.7
16.4

169.6
17.9

181.3
19.1

177.5
18.5

201.5
20.5

214.5
22.3

223.0
23.6

216.1
23.9

244.2
26.1

254.0
28.4

260.9
29.6

286.2
32.1

305.4
34.1

100.8
79.1
75.1
4.0
20.9

115.6
87.7
83.6

110.5
85.2
80.9

126.6
94.7
89.2

146.4
110.1
103.3

151.7
118.1
110.8

162.2
128.6
120.7

159.0
126.4
118.1

181.0
138.3
128.9

4.1

4.3

5.5

6.8

7.3

7.9

8.3

9.5

27.0

24.3

31.0

35.2

32.3

32.3

31.1

41.0

192.3
151.3
140.5
10.8
39.2

199.4
158.9
146.9
12.0
38.3

192.2
155.7
143.8
12.0
33.7

218.2
171.3
157.4
13.9
43.7

225.6
181.0
165.6
15.4
41.1

231.3
185.2
169.2
16.0
42.1

254.1
200.0
181.8
18.1
49.6

271.2
210.9
191.3
19.6
55.5

29.2
10.8

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

10.2

112.7
11.9

Consumption of fixed capital

31.9
11.8
20.1

25.2

38.7
16.9
21.8

39.4
21.2
18.2

34.0
17.8
16.2

35.1
18.5
16.7

32.4
15.6
16.7

42.3
20.2
22.1

42.2
20.1
22.1

40.2
19.1
21.1

34.2
16.2
18.0

6.0

6.0
9.9
1.9

7.1
9.1
1.0

7.3
9.4

7.4
9.3
-.3

8.5

9.0

9.3

13.7
-1.7

13.1
-2.7

11.8
-1.5

40.3
19.2
21.1
10.6
10.5

40.1
19.5
20.6
10.6
10.1

44.9
20.6
24.3
11.4
12.9

.4
1.6

-.3
1.8

-.4
2.2

9.3
8.7
-.3
-.2
2.7

43.6
20.7
22.9
10.0
12.9

-.3
.4
3.1

-.2
1.0
3.5

.3
1.8
4.0

0
4.6
4.5

49.8
22.8
27.1
12.6
14.4
.1
5.6
4.8

986.1

1,018.7

1,041.5

1,128.0

1,194.5

79.0
907.1

81.5
937.2

83.8
957.7

86.6
1,041.4

90.1
1,104.4

18.4
5.5
12.9

-5.9
-2.4
.8

14.2
-2.2
-2.8

.9

9.3
15.9

7.5

7.1

-2.8

14.4
-5.0
-2.8

11.1
-1.2
-3.1

1.0

.9

1.1

-2.7

-1.0
-1.9

-1.0

1.2

1.3

1.6

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product2
See footnotes at the end of the table.




36

563.0

607.0

602.6

679.5

719.6

746.3

800.8

787.8

881.7

911.0

922.3

47.1
515.9

50.6
556.3

53.6
549.0

56.4
623.1

59.0
660.6

61.1
685.2

63.6
737.1

66.3
721.4

69.5
812.2

72.6
838.4

75.7
846.6

77.5
808.6

90

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinanciai Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
Line

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1,663.6

Billions of dollars

377.0

454.1

479.0

528.6

575.2

596.6

645.1

715.5

801.1

865.8

937.3

1,056.6

1,199.8

1,373.0

1,530.6

30.8

33.7

37.1

41.1

45.6

50.5

55.4

60.9

66.8

78.5

94.0

104.5

117.5

134.5

156.4

181.1

348.3
38.7

383.0
41.4

420.4
42.8

441.9
45.6

487.5
52.6

529.6
57.9

546.1
62.2

589.7
68.5

654.6
73.6

734.3
81.3

787.3
86.8

843.3
93.1

952.1
101.5

1,082.3
111.3

1,238.5
121.6

1,374.1
131.1

1,482.6
148.5

309.7
239.2
216.8
22.4
70.4

341.6
259.8
235.2
24.7
81.2

377.6
288.5
259.2
29.2
87.4

396.2
308.4
277.1
31.3
84.8

435.0
341.3
305.4
35.9
90.9

471.7
378.6
338.0
40.6
87.1

484.0
400.2
356.0
44.2
74.5

521.3
425.2
376.2
49.0
87.3

581.0
472.5
414.8
57.8
100.2

653.0
533.9
464.6
69.3
109.1

700.6
587.4
508.9
78.5
97.0

750.2
614.8
528.4
86.4
118.4

850.6
695.1
591.2
103.9
144.0

971.0
784.6
662.7
121.9
171.8

1,116.9
901.7
756.3
145.4
194.4

1,243.1
1,023.1
857.0
166.2
187.9

1,334.1
1,122.3
938.1

64.5
28.0
36.5
15.0
21.5

75.3
30.9
44.4
16.9
27.5
-1.2

81.9
33.7
48.3
17.8
30.5
-2.1

78.5
32.7
45.9
18.3
27.5
-1.6

86.5
39.4
47.2
20.2
27.0
-0.7

84.5
39.7
44.8
20.4
24.4
-5.9

73.5
34.4
39.1
20.4
18.8
-6.6

84.6
37.7
46.8
20.3
26.5

119.3
49.3
70.0
23.1
46.9
-19.6

129.3
51.8
77.5
23.5
54.1
-38.2

7.6
1.6

7.9
3.0

8.0
2.8

8.5
6.0

7.6
9.2

9.0
8.2

9.4

5.9

10.0

16.2

130.2
50.9
79.3
26.4
52.9
-10.5
-1.2
17.0

162.1
64.2
97.9
30.1
67.8
-14.1
-4.0
11.5

189.9
73.0
116.9
33.7
83.2
-15.7
-2.4
14.5

222.1
83.5
138.6
39.6
99.0
-23.7

7.2
.6

^.6
7.3
8.8

97.8
41.9
55.9
21.9
34.0
-6.6

235.5
88.0
147.5
41.5
106.0
-40.1
-7.4
32.0

215.9
84.8
131.2
47.3
83.8
^2.1
-10.8
48.7

18.8

20.1

22.7

25.1

27.6

31.3

34.6

38.2

41.6

45.5

49.1

54.2

59.5

72.0

88.1

99.0

107.0

358.2

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

413.8

28.7

Gross product of corporate business
Consumption of fixed capital

393.7

431.4

453.9

501.0

543.9

562.0

606.9

673.9

755.6

816.7

883.0

997.1

1,127.8

1,285.0

1,431.5

1,556.6

-.5
6.4
.1

Gross product of financial corporate business
Gross product of nonfinanciai corporate
business.

^.0
20.9

184.2
163.0

27.9

32.7

35.9

39.7

43.9

48.5

53.1

58.4

63.8

74.7

89.2

98.9

111.0

126.8

147.0

169.4

363.8
39.3

398.7
40.5

418.0
43.2

461.4
49.8

500.0
54.8

513.5
59.0

553.8
64.6

615.6
69.4

691.8
76.6

742.0
81.9

793.8
88.0

898.2
95.9

1,016.9
104.9

1,158.2
114.4

1,284.6
123.3

1,387.2
139.5

293.7
226.5
205.4
21.2
61.9

324.6
246.3
223.0
23.3
72.2

358.2
273.8
246.2
27.6
77.0

374.9
292.2
262.7
29.5
73.9

411.5
323.1
289.3
33.8
78.3

445.2
358.5
320.2
38.4
73.5

454.6
378.1
336.4
41.6
59.4

489.1
401.2
355.1
46.1
69.8

546.2
445.9
391.7
54.2
81.1

615.2
504.5
439.4
65.1
88.2

660.1
555.1
481.1
73.9
76.7

705.8
578.6
498.0
80.6
98.5

802.4
655.0
557.8
97.1
119.9

912.0
740.0
625.7
114.2
141.3

1,043.8
851.0
714.2
136.8
156.5

1,161.3
966.2
809.5
156.7
150.1

1,247.8

56.1
24.0
32.1
13.7
18.4

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

29.9

330.3
36.7

Consumption of fixed capital

66.3
27.2
39.1
15.6
23.5
-1.2

71.6
29.5
42.1
16.8
25.3
-2.1

67.7
27.8
39.9
17.5
22.4
-1.6

74.1
33.6
40.6
19.1
21.4
-3.7

71.1
33.3
37.8
19.1
18.7
-5.9

58.5
27.2
31.4
18.5
12.8
-6.6

67.3
29.9
37.4
18.5
18.9
-4.6

79.0
33.8
45.3
20.1
25.2
-6.6

99.0
40.2
58.8
21.1
37.8
-19.6

109.6
42.2
67.4
21.7
45.7
-38.2

7.5
7.4

7.8
8.8

7.8

8.2

7.4

7.1

8.7

8.8

5.3

10.1

13.2

17.1

18.1

19.2

22.5

28.3

137.9
53.0
84.9
28.0
56.9
-14.1
-<3.8
27.5

159.2
59.9
99.3
31.5
67.8
-15.7
-2.3
30.7

184.4
67.1
117.3
36.4
80.9
-23.7

7.1
6.1

110.5
41.5
69.0
24.8
44.2
-10.5
-1.4
28.7

36.3

197.1
69.6
127.5
38.1
89.4
^0.1
-6.9
45.0

183.6
67.0
116.6
45.3
71.3
-42.1
-8.8
58.1

-.5
6.2
5.3

-A2

1,056.9
883.6
173.3
132.7

Billions of chained (1996) dollars

Gross product of nonfinanciai corporate
business.
Consumption of fixed capital'
Net product2
See footnotes at the end of the table.




36

1,278.5

1,384.3

1,480.9

1,519.2

1,615.8

1,680.2

1,663.3

1,730.0

1,865.8

1,975.4

1,941.2

1,9105

2,062.3

2,212.7

2,360.3

2,434.2

2,400.4

94.2
1,184.3

100.1
1,284.2

107.8
1,373.2

115.0
1,404.1

122.2
1,493.6

130.2
1,550.0

137.3
1,526.0

143.7
1,586.2

153.3
1,712.5

161.6
1,813.8

171.7
1,769.5

179.7
1,730.7

187.0
1,875.2

196.7
2,016.0

208.8
2,151.5

222.9
2,211.3

234.3
2,166.0

91

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
Line

1981 1982

1983

1984 1985

1

1987

1988 1989 1990 1991 1992 1993 1994 1995

1997
1996

Billions of dollars

1,883.1

2,848.2

3,079.1

3,241.3

3,395.7

3,486.3

3,652.7

3,850.9

4,135.1

4,390.0

4,648.8

302.1

320.8

344.3

370.6

391.1

411.2

427.9

448.5

482.7

512.1

543.5

581.5

1,718.3
181.0

1,856.3

2,096.1
219.8

2,237.9
235.7

2,329.6
250.2

2,527.4
262.9

2,734.9
278.6

2,870.6
300.4

3,004.6
316.9

3,075.1
343.7

3,224.9
364.9

3,402.3
383.8

3,652.3
417.4

3,877.9
432.2

4,105.4
447.2

4,420.3
468.3

1,537.3
1,299.4
1,078.7
220.6
168.5

1,658.4
1,373.3
1,139.2
234.1
218.6

1,876.3
1,523.0
1,266.2
256.8
272.8

2,002.2
1,634.7
1,363.8
270.9
284.0

2,079.3
1,732.7
1,444.7
288.0
261.0

2,264.5
1,858.8
1,551.2
307.6

2,456.3
1,995.4
1,667.1
328.3
348.3

2,570.2
2,101.4
1,756.0
345.4
331.4

2,687.7
2,217.6
1,847.9
369.7
335.9

2,731.4
2,259.7
1,871.9
387.7
356.9

2,860.0
2,385.5
1,964.8
420.7
384.4

3,018.6
2,500.4
2,048.7
451.7
433.7

3,234.9
2,646.0
2,165.8
480.2
496.0

3,445.6
2,776.5
2,300.1
476.4
576.8

3,658.2
2,912.2
2,442.8
469.4
653.2

3,952.1
3,098.1
2,636.8
461.3
723.1

162.7
63.1
99.7
59.8
39.8
-7.5
13.3
69.4

195.9
77.2
118.7
71.2
47.4
-7.4
30.2
66.4

229.0
94.0
135.0
78.4
56.6
-4.0
47.7
80.5

216.8
96.5
120.3
85.6
34.6
0
67.2
83.4

203.7
106.5
97.2
88.3
8.9
7.1
50.3
85.6

266.6
127.1
139.5
95.7
43.8
-16.2
48.2
107.0

325.3
137.2
188.1
98.2
89.9
-22.2
45.3
112.5

312.5
141.5
171.0
126.5
44.5
-16.3
35.3
137.4

140.6
188.2
144.2
44.0
-12.9
19.9
134.3

341.8
133.6
208.2
156.4
51.8
4.9
10.2
114.8

382.9
143.1
239.7
161.5
78.2
-2.8
4.3
90.1

433.6
165.4
268.3
182.3
85.9
-4.0
4.1
84.4

496.2
186.7
309.5
197.0
112.5
-12.4
12.2

576.4
211.0
365.5
221.6
143.8
-18.3
18.6

625.5
223.6
401.8
257.3
144.5
3.1
24.6
92.8

681.7
237.2
444.5
283.9
160.6
8.4
32.9
130.8

120.4

147.5

161.4

189.5

217.2

252.9

264.6

279.9

299.5

335.7

364.7

393.2

1,770.1

1,831.4

1,953.3

2,194.8

2,329.3

2,414.4

2,595.3

2,814.5

2,961.4

3,096.2

3,150.6

3,288.0

3,457.6

195.9

216.8

225.1

237.3

253.9

270.3

283.8

302.0

322.8

338.4

354.9

369.6

386.4

414.5

437.5

462.7

493.0

1,574.2
168.1

1,614.6
169.7

1,728.2
185.3

1,957.5
205.4

2,075.4
219.0

2,144.1
231.2

2,311.6
241.9

2,512.5
256.3

2,638.6
275.9

2,757.9
290.6

2,795.7
313.1

2,918.5
332.0

3,071.3
349.3

3,322.7
382.1

3,508.4
397.3

3,696.9
411.9

3,942.1
431.4

1,406.1
1,169.9
975.6
194.4
164.4

1,444.9
1,216.1
1,009.3
206.8
146.3

1,542.9
1,279.9
1,060.4
219.5
186.4

1,752.1
1,421.4
1,180.0
241.4
242.9

1,856.4
1,522.3
1,267.5
254.8
243.7

1,912.9
1,603.8
1,333.8
270.0
210.7

2,069.7
1,716.3
1,428.3
288.0
248.3

2,256.2
1,844.1
1,536.9
307.2
288.6

2,362.7
1,946.6
1,623.5
323.1
264.2

2,467.3
2,052.7
1,707.8
344.9
258.5

2,482.6
2,086.9
1,726.1
360.7
252.8

2,586.5
2,194.2
1,804.7
389.5
278.9

2,721.9
2,290.7
1,872.4
418.3
325.3

2,940.6
2,430.2
1,984.7
445.5
402.5

3,111.0
2,552.7
2,111.7
441.0
442.5

3,284.9
2,667.1
2,234.1
433.0
509.1

3,510.7
2,835.1
2,409.7
425.4
555.6

184.2
63.9
120.3
53.3
67.0
-24.6
4.8
71.8

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

2,631.6

280.9

113.0

Consumption of fixed capital

2,518.8

260.2

211.2
81.1
130.1
58.3
71.8
-24.6
2.7
62.0

Gross product of nonfinancial corporate
business.

2,356.2

244.4

1,494.8
1,243.5
1,037.3
206.3
189.3

Gross product of financial corporate business

2,100.7

233.4

1,673.0
178.2

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

1,951.8

210.1

Gross product of corporate business
Consumption of fixed capital

136.9
46.3
90.7
53.3
37.4
-7.5
16.9
82.5

160.7
59.4
101.3
64.2
37.1
-7.4
33.1
76.6

195.3
73.7
121.6
67.8
53.8
-4.0
51.7
87.7

172.3
69.9
102.3
72.3
30.1
0
71.4
90.4

147.9
75.6
72.3
73.9
-1.6
7.1
55.8
98.4

209.5
93.5
116.0
75.9
40.1
-16.2
55.0
105.1

257.3
101.9
155.5
79.8
75.7
-22.2
53.4
123.6

235.6
98.9
136.7
104.2
32.6
-16.3
45.0
151.8

237.2
95.8
141.4
119.2
22.2
-12.9
34.3
156.0

221.6
85.5
136.1
125.8
10.3
4.9
26.3
143.0

258.0
91.2
166.8
135.0
31.9
-2.8
23.7
113.3

305.8
105.2
200.5
149.3
51.2
-4.0
23.6
105.9

381.4
128.9
252.6
158.6
94.0
-12.4
33.5
107.9

422.1
136.7
285.4
179.3
106.0
-18.3
38.7
115.8

460.2
150.1
310.1
201.9
108.2
3.1
45.8
108.7

496.1
158.3
337.7
218.1
119.6
8.4
51.1
120.0

92.9

92.4

397.8

444.1

3,737.2

3,945.9

5,001.8

489.3

566.8

4,159.5

4,435.1

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product2
See footnotes at the end of the table.




36

2,479.5

2,426.6

2,542.0

2,782.4

2,907.9

2,978.9

3,146.6

3,322.1

3,377.5

3,409.2

3,381.9

3,468.4

3,573.8

3,801.5

3,960.1

4,159.5

4,404.2

245.9
2,233.6

257.0
2,169.6

267.0
2,275.0

280.0
2,502.5

296.3
2,611.6

310.1
2,668.8

320.7
2,825.9

330.6
2,991.5

344.5
3,032.9

352.8
3,056.5

364.0
3,017.9

379.3
3,089.1

393.2
3,180.5

417.8
3,383.7

435.8
3,524.3

462.7
3,696.9

494.1
3,910.1

92

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1946

1948

1947

1949

1950

Line
Billions of dollars

92.9

108.1

114.0

119.0

124.2

127.1

133.0

139.9

143.2

146.1

148.5

145.1

141.1

141.9

137.8

145.0

7.2

7.7

8.2

8.3

8.7

9.0

9.4

9.7

10.2

10.7

11.2

11.2

11.3

11.4

11.5

11.7

11.9

86.2
9.9

94.4
10.2

100.4
10.6

105.8
10.9

110.7
11.9

115.6
12.0

118.1
12.2

123.5
12.9

130.2
13.0

133.1
13.5

135.4
13.8

137.3
13.9

133.9
13.9

129.8
14.1

130.5
14.4

126.3
14.4

133.3
14.7

142.8
15.4

76.3
63.2
60.0
3.2
13.3

84.2
68.1
64.8

89.7
72.6
69.2

94.9
75.5
71.9

98.8
79.2
75.2

103.5
80.5
76.5

105.8
82.8
78.6

110.6
86.0
81.7

117.2
89.0
84.8

119.5
89.8
85.6

121.6
92.6
88.4

123.4
93.0
88.7

120.0
91.1
86.8

115.7
89.0
84.6

116.1
88.1
83.6

111.9
87.1
82.5

118.6
90.6
85.5

3.3

3.5

3.6

4.0

4.1

4.2

4.3

4.2

4.2

4.3

4.3

4.3

4.4

4.5

4.6

5.2

16.3

17.3

19.7

19.6

23.0

23.0

24.5

28.4

30.0

29.2

30.6

29.3

27.0

28.3

25.2

28.5

127.4
95.7
90.2
5.5
32.2

16.3
6.1
10.2
4.7
5.5
-1.2
-1.8
-.2

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

101.6

6.8

Gross product of corporate business
Consumption of fixed capital

21.2

28.0
10.5
17.5

31.5
11.8
19.7

31.9
11.6
20.3

30.0
10.9
19.1

29.6
10.8
18.8

32.3
11.8
20.5

33.9
12.1
21.7

35.6
12.8
22.9

35.1
12.6
22.5

33.9
12.2
21.7

30.8
11.0
19.8

27.1

28.2
10.1
18.1

27.8

31.8
13.6
18.2

8.0
13.2

9.7
17.4

9.9
17.8

154.7

38.3
16.3
22.0
7.6
14.4
-3.3
-2.8
-.4

5.4

5.6

5.9

5.7

6.2

5.8

6.3

6.5

6.4

6.3

6.3

6.7

7.4

14.1
-4.9
-2.9

14.9
-9.7
-2.6

13.4
-4.7
-2.3

13.0
-4.0
-2.6

14.9
-5.2
-2.6

15.5
-2.9
-2.6

17.0
-2.9
-2.8

16.2
-2.8
-3.1

15.2

13.4

11.0

11.8

11.2

10.8

-.1

1.4

2.8

3.0

.2

-.7

-4.2

-2.9

-2.9

-2.9

-2.8

-2.6

-.2

-.2

-.2

0

0

.1

.1

-.3

-.3

-.3

-.3

-.4

-.4

-.3

-.3

-.5

4.3

4.3

4.4

4.3

4.4

4.4

4.9

4.9

5.3

5.7

6.0

6.1

6.2

6.3

6.4

6.2

6.5

88.7

Gross product of nonfinancial corporate
business.

5.5

12.2
-8.1
-2.5

4.2

Gross product of financial corporate business

5.3

-2.8
-2.1

97.3

103.8

109.6

114.8

119.8

122.7

128.1

135.0

137.9

140.4

142.4

139.1

135.0

135.7

131.5

138.8

148.2

5.1
8.2

6.6

7.6

8.0

8.1

8.5

8.8

9.2

9.5

9.9

10.5

10.9

10.9

11.1

11.2

11.3

11.4

11.7

90.3

9.9

96.3
10.3

101.6
10.6

106.6
11.6

111.3
11.6

113.8
11.8

118.8
12.5

125.5
12.6

128.0
13.1

129.9
13.4

131.5
13.5

128.1
13.5

123.9
13.7

124.5
13.9

120.2
13.9

127.4
14.2

136.6
14.9

72.5
60.6
57.6
3.0

80.3
65.5
62.3

85.9
69.9
66.6

91.1
72.7
69.2

95.0
76.2
72.4

99.7
77.5
73.6

102.0
79.7
75.7

106.4
82.9
78.7

112.9
85.8
81.7

114.9
86.5
82.4

116.5
89.2
85.1

118.0
89.5
85.4

114.7
87.5
83.4

110.2
85.4
81.1

110.6
84.5
80.1

106.3
83.3
78.9

113.2
86.8
81.8

3.2

3.3

3.5

3.9

3.9

4.1

4.2

4.0

4.0

4.1

4.1

4.1

4.2

4.3

4.4

5.0

11.2

14.2

15.3

17.7

18.0

21.4

21.4

22.6

26.2

27.5

26.5

27.7

26.2

23.9

25.1

22.0

25.4

121.7
91.7
86.4
5.3
29.1

14.2
5.6
8.5
4.4

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

7.1

82.1
9.6

Consumption of fixed capital

19.1

25.9
10.0
15.9

29.4
11.4
18.1

30.2
11.1
19.0

28.4
10.5
17.8

27.9
10.4
17.5

30.3
11.3
19.0

31.5
11.6
19.9

33.1
12.2
20.9

32.2
11.9
20.3

30.8
11.4
19.4

27.6
10.2
17.4

23.8

24.9

24.5

8.8

9.2

9.1

15.0

15.7

15.4

28.6
12.6
16.0

4.1
-1.2
-1.7
.6

5.0

5.3

5.2

5.4

5.7

5.5

6.0

5.6

6.0

6.2

6.0

10.9
-8.1
-2.4

12.8
-3.9
-2.8

13.9
-9.7
-2.6

12.4
-4.7
-2.3

11.8
-4.0
-2.5

13.5
-5.2
-2.5

13.9
-2.9
-2.4

15.3
-2.9
-2.7

14.4
-2.8
-2.9

13.2

11.4

-2.8
-2.1

-.1

1.4

5.9
9.0
2.8

5.8
9.8
3.0

6.2
9.2
.2

7.0
9.1
-.7

^3.1

-2.8

-2.8

-2.8

-2.7

-2.5

35.1
15.3
19.8
7.1
12.7
-3.3
-2.7

.7

.7

.7

.8

.8

.9

.8

1.0

.9

.9

.8

1.0

1.0

1.0

1.0

1.0

.9

7.5
11.5

4.8
6.8

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital •
Net product2
See footnotes at the end of the table.




36

546.7

564.6

566.0

574.8

600.9

607.3

605.4

614.3

607.5

600.5

609.6

592.8

629.1

667.9

46.1
500.6

46.7
517.9

47.4
518.6

48.2
526.5

49.3
551.6

50.2
557.0

51.1
554.3

51.9
562.4

52.6
555.0

53.3
547.1

54.0
555.6

54.7
538.1

55.4
573.7

56.1
611.8

93

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
Line

1950

1951

1952

1954

1953

Billions of dollars
Gross product of corporate business
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Gross product of financial corporate business
Gross product of nonfinancial corporate
business.
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment...
Capital consumption adjustment
Net interest

166.7

174.8

179.8

182.6

184.3

187.9

189.0

187.9

190.4

202.4

206.8

209.2

208.6

200.1

200.4

201.1

203.1

12.3

12.9

13.6

13.9

14.2

14.5

14.8

14.9

14.9

15.2

15.4

15.7

16.1

16.1

16.3

16.6

16.7

16.9

154.4
16.7

161.8
16.1

166.3
17.2

168.7
16.5

170.2
16.7

173.4
17.3

174.2
17.8

173.0
18.4

175.5
18.7

187.2
19.2

191.4
19.6

193.4
20.0

192.5
19.9

184.0
19.7

184.2
19.2

184.5
19.1

186.4
19.0

193.6
19.5

137.7
101.7

145.8
106.8
100.5
6.3
39.4

149.1
111.4
104.6
6.8
38.2

152.2
114.6
107.6
7.0
38.1

153.4
115.4
108.3
7.1
38.6

156.1
117.0
109.7
7.3
39.7

156.4
120.0
112.5
7.4
37.1

154.6
120.2
112.7
7.5
35.0

156.8
122.6
115.0
7.6
34.8

168.0
129.5
121.7
7.8
39.1

171.8
132.5
124.4
8.0
39.7

173.4
135.0
126.7
8.2
38.9

172.6
135.1
126.8
8.4
37.8

164.2
133.7
125.3
8.4
31.0

165.0
131.8
123.2
8.6
33.3

165.4
131.2
122.6
8.5
34.4

167.3
131.3
122.6
8.7
36.3

174.1
134.8
125.9
8.9
39.6

51.2
21.8
29.4
8.5
20.9
-8.5
-3.3
-.4

50.4
26.3
24.1
7.4
16.7
-8.7
-O.5
-.5

42.4
22.3
20.1
7.5
12.6
-1.0
-3.3
-.5

38.3
20.1
18.1
7.4
10.7
3.5
-3.1
-.6

41.2
21.5
19.6
7.4
12.2
1.5
-3.0
-.6

38.8
19.8
19.0
7.0
12.0
1.3
-3.1
-.6

36.8
18.7
18.1
7.6
10.5
1.2
-3.0
-.6

36.9
18.6
18.3
7.5
10.8
.7
-2.7
-.6

40.9
20.5
20.3
7.7
12.6
.8
-2.6
-.6

42.6
21.6
21.0
7.3
13.7
-.4
-2.5
-.4

42.7
21.7
20.9
8.0
13.0
-1.6
-2.2
-.4

41.8
21.2
20.6
7.9
12.7
-2.0
-2.0
-.4

32.4
16.6
15.8
7.8
8.0
0
-1.4
-.5

34.7
16.4
18.3
8.1
10.2
0
-1.4
-.1

35.8
16.9
18.9
7.5
11.4
0
-1.3
-.2

38.1
17.9
20.2
7.9
12.3
—7
-1.1
-.3

95.8
5.9
36.4
46.5
19.9
26.6
8.0
18.6
-7.3
-2.8
-.4

210.5

40.9
19.3
21.6
7.9
13.8
-.5
-.7
-.3

6.7

6.9

6.8

7.1

7.2

7.7

7.6

8.0

8.4

8.8

9.1

9.4

9.6

9.6

10.1

10.0

10.0

10.1

160.0

167.9

173.0

175.5

177.1

180.2

181.3

179.8

182.0

193.6

197.7

199.8

199.0

190.5

190.3

191.0

193.1

200.3

12.0

12.6

13.3

13.6

13.8

14.1

14.4

14.5

14.5

14.8

15.0

15.4

15.7

15.7

15.9

16.2

16.3

16.5

148.0
16.1

155.2
15.5

159.7
16.6

161.9
15.9

163.3
16.2

166.0
16.7

167.0
17.2

165.3
17.8

167.4
18.1

178.8
18.6

182.7
19.0

184.5
19.3

183.3
19.2

174.8
19.0

174.5
18.5

174.9
18.4

176.8
18.3

183.9
18.7

131.8
97.6
91.9
5.7
33.3

139.7
102.5
96.5
6.0
36.2

143.1
107.1
100.5
6.5
35.0

146.0
110.2
103.4
6.8
34.7

147.1
110.9
104.0
6.9
35.1

149.3
112.4
105.3
7.1
35.8

149.7
115.2
108.1
7.1
33.3

147.5
115.3
108.1
7.2
31.0

149.4
117.6
110.2
7.3
30.5

160.2
124.4
116.9
7.5
34.5

163.7
127.2
119.5
7.7
35.3

165.1
129.5
121.6
7.9
34.4

164.0
129.6
121.6
8.0
33.1

155.7
128.1
120.0
8.1
26.3

156.0
126.1
117.9
8.2
28.5

156.5
125.3
117.2
8.2
29.6

158.5
125.3
117.0
8.3
31.5

165.1
128.7
120.2
8.5
34.7

43.3
18.9
24.4
7.6
16.8
-7.3
-2.7

47.9
20.8
27.1
8.1
19.0
-8.5
-0.1
.9

47.1
25.1
22.0
7.1
15.0
-8.7
-3.3
1.1

38.9
20.9
17.9
7.2
10.7
-1.0
-3.1
1.1

34.6
18.8
15.8
7.1
8.7
3.5
-3.0
1.1

37.2
20.1
17.0
7.1
9.9
1.5
-2.8
1.1

34.9
18.3
16.7
6.7
9.9
1.3
-2.9
1.2

32.6
17.1
15.5
7.3
8.2
1.2
-2.8
1.2

32.4
17.0
15.4
7.1
8.3
.7
-2.6
1.3

36.2
18.9
17.3
7.3
10.0
.8
-2.5
1.3

38.1
19.9
18.2
6.9
11.3
-.4
-2.4
1.3

38.0
20.0
18.1
7.5
10.6
-1.6
-2.1
1.2

37.0
19.4
17.6
7.5
10.1
-2.0
-1.8
1.3

27.5
14.7
12.8
7.3
5.5
0
-1.3
1.4

29.8
14.4
15.3
7.7
7.7
0
-1.3
1.4

30.9
14.9
15.9
7.1
8.8
0
-1.2
1.5

33.2
16.0
17.2
7.5
9.7
-.7
-1.0
1.6

35.8
17.3
18.5
7.4
11.1
-.5
-.6
1.7

.9

Billions of chained (1996) dollars
Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product 2
See footnotes at the end of the table.




702.6

718.7

712.2

714.5

723.1

728.7

734.8

732.8

733.6

784.0

803.3

814.3

808.7

776.8

773.6

777.3

785.6

814.6

56.7
645.8

57.4
661.2

58.2
654.0

58.8
655.7

59.4

59.9
668.8

60.3
674.6

60.8
672.0

61.3
672.3

61.9
722.1

62.7
740.7

63.3
751.0

64.0
744.8

64.6
712.1

65.3
708.4

66.0
711.3

66.7
718.9

67.5
747.2

94

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1955

1958

1957

1956

1959

Line

JLL
Billions of dollars

220.0

232.2

238.2

239.9

243.6

245.5

252.1

257.0

257.0

258.4

253.5

244.5

244.0

253.1

265.1

274.5

17.3

17.8

18.3

19.0

19.5

20.2

20.8

21.2

21.6

22.1

22.7

22.2

22.8

23.0

23.1

23.3

23.6

203.0
20.2

209.7
21.1

214.4
21.6

219.9
22.0

221.0
22.4

224.1
22.7

225.3
23.3

231.3
23.9

235.8
24.2

235.4
24.4

236.3
24.7

230.8
24.5

222.2
24.3

221.3
24.6

230.0
24.9

242.1
25.7

251.2
26.5

262.6
26.9

182.8
138.4
129.0
9.4
44.8

188.6
142.9
133.2
46.0

192.8
146.7
136.6
10.0
46.4

197.9
150.8
140.5
10.3
47.3

198.6
153.9
143.1
10.8
45.0

201.4
156.9
145.8
11.1
44.9

202.1
158.7
147.3
11.4
43.8

207.4
163.5
151.8
11.7
44.5

211.6
165.7
153.5
12.2
46.1

211.0
166.5
154.1
12.4
44.7

211.5
167.8
155.1
12.7
44.2

206.3
166.2
153.4
12.8
40.6

197.9
162.1
149.6
12.4
35.8

196.7
160.2
147.8
12.4
36.4

205.1
164.4
151.8
12.6
40.6

216.4
169.4
156.4
13.0
46.6

224.8
174.7
161.1
13.6
50.2

235.7
181.1
166.5
14.7
55.1

46.1
21.3
24.7
8.5
16.2
-1.1
-.2
-.4

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

227.0

17.0

Gross product of corporate business
Consumption of fixed capital

46.7
21.6
25.1

47.7
22.2
25.6

49.6
23.1
26.5

47.6
22.0
25.5

48.6
22.5
26.1

' 45.8
21.1
24.6

48.6
22.3
26.3

49.3
22.8
26.5

46.8
21.9
25.0

45.8
21.4
24.4

42.0
19.6
22.4

35.9
16.9
19.0

36.7
17.2
19.4

41.4
19.4
22.0

47.7
22.3
25.4

9.9
9.1
-.2
.1
0

9.9
9.5
.3
-.6
.1

55.6
25.7
29.9
10.7
19.2
-1.0
.5
-.5

9.7

8.7

9.2

9.2

9.3

9.4

9.3

9.8

9.8

9.8

9.9

9.9

16.4

16.4
-2.2

17.3
-2.8

16.2
-2.9

16.8
-3.6

15.3
-1.2

16.7
-2.4

15.2
-1.5

14.5
-1.3

12.5

.8
-.3

.5
-.2

.4
-.3

-.1
-.4

-.8
-.5

16.4
^3.0
-1.1

-.8
-.2

-.6
-.3

-.4
-.4

-.9
.2
-.3

-.6

-.9
-.4
-.5

9.9

9.6

12.2

15.8

50.8
23.4
27.3
10.3
17.0

-.2
-.6
.2

-.9
-.3
.4

-.6
0
-.1

286.2

10.4

Gross product of nonfinancial corporate
business.

10.6

10.8

11.0

11.2

11.4

11.5

11.6

12.1

12.0

12.2

12.2

13.1

13.2

13.3

14.0

14.3

14.3

209.6

Gross product of financial corporate business

216.4

221.4

227.2

228.7

232.2

234.0

240.5

244.8

245.0

246.2

241.3

231.4

230.8

239.8

251.1

260.2

271.9

16.6

17.3

17.8

18.5

19.0

19.7

20.2

20.6

21.0

21.5

22.2

21.6

22.2

22.4

22.5

22.6

23.0

199.5
20.3

204.1
20.9

209.4
21.3

210.3
21.6

213.2
21.9

214.3
22.4

220.3
23.1

224.2
23.3

223.9
23.6

224.6
23.8

219.2
23.6

209.7
23.4

208.7
23.7

217.3
24.0

228.6
24.7

237.5
25.2

249.0
25.6

173.5
132.2
123.2
9.0
39.8

179.2
136.6
127.3

183.2
140.2
130.6

188.2
144.3
134.4

9.3

9.6

9.9

40.9

41.3

42.2

188.7
147.1
136.8
10.4
39.9

191.3
150.0
139.4
10.6
39.6

191.9
151.7
140.8
10.9
38.4

197.2
156.3
145.0
11.2
39.0

200.9
158.3
146.6
11.7
40.5

200.4
159.0
147.1
11.9
39.2

200.8
160.1
147.9
12.1
38.5

195.5
158.3
146.1
12.2
34.8

186.3
154.0
142.2
11.8
29.8

185.0
152.0
140.3
11.8
30.3

193.4
156.1
144.1
12.0
34.5

203.9
160.9
148.5
12.4
40.2

212.3
166.0
153.2
12.8
43.5

223.4
172.2
158.3
13.9
48.1

40.9
19.6
21.4
8.0
13.3
-1.1
-.1
1.6

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

16.9

193.0
19.5

Consumption of fixed capital

41.5
19.8
21.7

42.5
20.3
22.2

44.4
21.2
23.2

42.3
20.1
22.2

43.2
20.5
22.7

40.3
19.2
21.1

43.0
20.4
22.6

43.6
20.6
23.0

41.2
19.6
21.6

40.0
19.0
21.0

36.1
17.1
18.9

29.8
14.1
15.6

30.5
14.5
16.0

35.2
16.7
18.6

41.2
19.5
21.8

44.0
20.9
23.1

9.3
9.6
-.9
-.3
2.4

9.4
6.3
-.2
.2
2.5

9.4
6.6
.3
-.5
2.7

9.3
9.2
-.2
-.5
2.8

48.5
22.9
25.6
10.0

8.3

8.7

8.8

8.9

9.0

8.9

9.4

9.3

9.2

9.3

13.5

13.5
-5.2

14.4
-2.8

13.3
-2.9

13.7
-3.6

12.1
-1.2

13.7
-2.4

12.4
-1.5

11.7
-1.3

.9
1.7

.6
1.7

.5
1.6

0
1.7

-.6
1.8

13.2
-3.0
-1.0

-.7
2.0

-.4
2.1

-.2
2.3

-.9
.3
1.6

1.9

9.0

9.6

12.7

13.5

-.9
-.2
2.9

-.6
.1
2.9

15.6
-1.0
.6
3.1

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product2
See footnotes at the end of the table.




36

850.8

878.1

892.3

905.7

901.5

911.6

904.2

926.7

930.0

924.4

924.1

910.9

864.6

862.7

68.3
782.5

69.1
809.0

69.9
822.4

70.7
835.0

71.4
830.1

72.2
839.4

73.0
831.2

73.8
852.9

74.7
855.2

75.4
849.0

76.0
848.1

76.6
834.3

76.9
787.7

77.3
785.4

927.3
77.7
812.0

78.0
849.2

1,004.8

78.2
881.8

78.7
926.1

95

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1960

1959

1961

1962

1963

Line
Billions of dollars
281.8

296.5

294.4

293.7

290.7

289.7

298.2

305.1

315.0

322.3

326.6

331.0

24.2

24.4

24.6

24.8

24.8

25.0

25.1

25.3

25.5

25.8

26.1

26.3

257.9
27.8

260.8
28.3

272.1
29.3

269.8
29.6

269.0
30.0

265.8
30.3

264.8
30.4

273.1
30.7

279.7
31.3

289.5
32.2

296.5
33.0

300.6
33.4

304.7
34.1

230.1
181.5
166.5
15.1
49.3

232.5
184.0
168.5
15.5
49.3

242.8
190.2
174.0
16.2
53.3

240.2
191.6
175.2
16.3
49.2

239.0
191.1
174.8
16.3
48.3

235.6
190.0
173.8
16.2
45.9

234.3
189.8
173.6
16.2
44.8

242.4
193.3
176.7
16.6
49.3

248.4
197.1
180.0
17.0
51.3

257.3
202.0
184.4
17.7
55.2

263.5
205.9
187.5
18.4
57.5

267.2
210.5
191.5
19.0
56.5

49.4
23.0
26.4
10.9
15.5
-.3
.2
-.8

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

285.0

23.9

Gross product of corporate business
Consumption of fixed capital

48.0
22.5
25.6
10.9
14.6
.8
.4
-.9

49.0
23.0
26.0
11.3
14.7
-.6
.8
-.6

46.7
21.9
24.8
11.7
13.1
.5
1.0
-.5

44.5
20.8
23.6
11.4
12.2
.3
1.2
-.4

43.4
20.6
22.8
11.2
11.6
-.1
1.5
-.3

46.5
22.0
24.5
11.4
13.1
1.0
1.8
-.2

49.2
23.3
25.9
11.5
14.5
.3
1.8
0

53.5
25.3
28.2
12.0
16.3
_2
18
.1

52.6
23.8
28.8
12.2
16.6
.4
4.5
.1

52.1
23.5
28.6
12.4
16.1
-.1
4.6
.1

53.4
25.0
28.4
11.3
17.1
—9
7
-.7

335.2

338.8

346.9

352.5

26.6 . 26.8

27.1

27.4

27.7

308.6
34.3

312.0
34.9

319.8
35.5

325.2
36.2

330.9
36.8

270.6
212.7
193.3
19.5
577

274.3
214.8
195.0
19.8
59.4

277.1
217.3
197.2
20.1
59.8

284.2
220.9
200.3
20.6
63.5

288.9
224.4
203.4
21.0
64.8

294.1
228.1
206.8
21.4
66.2

53.7
24.2
29.5
12.6
16.9
-.8
4.7
.1

54.0
24.3
29.7
12.2
17.5
.5
4.8
.1

53.9
24.4
29.4
13.0
16.4
1.0
5.0
-.1

57.6
26.1
31.5
13.6
18.0
.2
5.6
-.1

59.2
26.9
32.4
13.7
18.6
-.2
5.8
-.2

60.7
27.5
33.2
13.9
19.3
-.8
6.2
-.2

358.6

14.7

Gross product of nonfinancial corporate
business.

14.9

15.5

15.8

15.9

16.1

16.5

16.5

16.5

16.7

17.1

17.2

17.2

17.0

17.2

17.2

17.3

17.7

267.2

Gross product of financial corporate business

270.1

281.0

278.6

277.8

274.6

273.2

281.7

288.6

298.3

305.3

309.4

313.8

318.2

321.6

329.7

335.2

340.9

23.3

23.8

24.0

24.1

24.2

24.3

24.5

24.7

24.9

25.1

25.4

25.6

25.8

26.1

26.3

26.6

26.9

246.5
26.9

257.3
27.9

254.6
28.2

253.7
28.6

250.4
28.8

248.9
28.9

257.3
29.2

263.9
29.8

273.5
30.6

280.2
31.4

284.1
31.8

288.2
32.6

292.3
32.7

295.5
33.2

303.3
33.8

308.6
34.4

314.0
34.9

217.4
172.4
158.1
14.3
41.8

219.6
174.8
160.1
14.7
41.5

229.4
180.7
165.4
15.3
45.2

226.4
182.0
166.5
15.5
41.1

225.1
181.3
165.9
15.5
40.3

221.6
180.1
164.7
15.4
37.9

220.0
179.8
164.4
15.4
36.5

228.1
182.9
167.2
15.7
41.3

234.1
186.7
170.5
16.1
43.4

242.9
191.4
174.7
16.7
47.2

248.7
195.1
177.7
17.4
49.4

252.3
199.5
181.5
18.0
48.2

255.7
201.6
183.2
18.4
49.4

259.6
203.6
184.9
18.7
51.2

262.3
205.9
186.8
19.0
51.7

269.5
209.3
189.9
19.4
55.4

274.1
212.5
192.7
19.8
56.7

279.0
216.0
195.8
20.1
58.1

41.8
19.9
21.8
10.1
11.8
-.3
.3
3.2

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest .

23.6

243.9
26.5

Consumption of fixed capital

40.1
19.2
20.9
10.1
10.8
.8
.5
3.4

45.3
21.5
23.8
10.5
13.3
-.9
.8
3.4

40.8
19.4
21.4
10.5
10.9
-.6
.9
3.4

38.7
18.5
20.3
10.8
9.4
.5
1.1
3.5

36.4
17.4
19.0
10.5
8.4
.3
1.3
3.6

35.1
17.2
18.0
10.3
7.6
-.1
1.5
3.7

38.5
18.7
19.8
10.5
9.3
1.0
1.8
3.9

41.3
20.0
21.3
10.5
10.8
.3
1.8
4.0

45.5
22.0
23.5
11.0
12.6
-.2
1.9
4.3

44.6
20.5
24.0
11.2
12.8
.4
4.4
4.2

43.8
20.2
23.6
11.4
12.2
-.1
4.6
4.5

45.4
20.9
24.5
11.6
12.9
-.8
4.7
4.7

45.8
21.0
24.8
11.3
13.6
.5
4.8
4.8

45.8
21.0
24.8
12.1
12.7
1.0
5.0
4.7

49.6
22.7
26.9
12.6
14.3
.2
5.6
4.8

51.2
23.4
27.8
12.8
15.0
-.2
5.7
4.9

52.7
24.0
28.7
13.0
15.7
-.8
6.1
5.0

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product 2
See footnotes at the end of the table.




36

985.5

994.0

1,030.8

1,020.0

1,017.4

1,006.5

998.3

1,029.7

1,052.5

1,085.5

1,106.4

1,121.4

1,135.4

1,148.9

1,161.0

1,189.0

1,207.1

1,221.1

79.2
906.3

79.8
914.2

80.6
950.3

81.2
938.8

81.8
935.5

82.4
924.1

82.9
915.4

83.5
946.2

84.1
968.4

84.8
1,000.7

85.5
1,021.0

86.2
1,035.2

87.0
1,048.4

87.8
1,061.1

88.8
1,072.2

89.7
1,099.3

90.6
1,116.5

91.6
1,129.6

96

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1964

1967

1966

1965

1968

Line

Billions of dollars

367.4

373.5

381.3

385.9

400.7

408.1

416.1

430.2

441.7

450.7

457.7

466.2

468.2

472.1

481.7

493.9

507.5

28.0

28.5

28.9

29.5

29.9

30.5

31.0

31.7

32.4

33.3

34.1

35.0

35.8

36.6

37.5

38.5

39.4

40.5

339.4
37.4

345.1
38.1

352.4
39.2

356.4
39.9

370.8
41.0

377.7
41.1

385.1
41.2

398.4
42.1

409.3
41.7

417.4
42.6

423.6
43.1

431.2
43.8

432.4
44.0

435.5
44.7

444.2
46.2

455.4
47.7

468.0
49.9

482.6
51.8

302.0
232.0
210.3
21.7
70.0

307.0
236.9
214.7
22.2
70.0

313.2
241.9
219.2
22.7
71.1

316.5
246.0
222.9
23.1
70.2

329.8
251.6
228.0
23.6
77.9

336.6
256.3
232.1
24.2
79.9

343.8
261.7
236.8
24.9
81.5

356.3
269.8
243.7
26.1
85.7

367.6
277.4
249.8
27.6
89.1

374.8
285.6
256.8
28.8
87.8

380.5
292.7
262.8
29.9
86.0

387.4
298.2
267.6
30.6
87.0

388.4
301.3
270.8
30.5
84.3

390.8
304.3
273.5
30.8
83.4

398.0
310.7
279.1
31.5
84.1

407.8
317.2
284.8
32.4
87.4

418.1
327.3
293.3
34.0
88.1

430.8
336.6
301.3
35.3
91.6

Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

63.8
27.7
36.0
14.2
21.8
-.2
6.5
0

63.9
27.8
36.1
14.9
21.3

65.5
28.4
37.1
15.2
21.9

64.6
28.0
36.6
15.7
20.9

71.4
29.4
42.1
15.7
26.4

-.9
6.5
.2

-.7
6.3
.3

-.4
6.9
.3

75.4
30.9
44.5
17.3
27.2
-1.5

80.3
32.9
47.4
18.2
29.2
-1.9

82.7
34.0
48.8
18.5
30.3
-1.2

82.8
34.0
48.8
18.0
30.8
-2.7

82.0
33.6
48.4
17.7
30.6
-5.6

80.2
33.0
47.2
17.1
30.1
-1.0

77.1
32.3
44.9
18.2
26.6

-.1
6.3
.1

73.8
30.3
43.5
16.3
27.2
-1.1

77.8
32.2
45.5
18.6
26.9
-1.7

82.1
34.1
48.0
17.5
30.5
-2.8

84.7
38.5
46.2
19.7
26.5
-4.7

7.2
.4

7.6
.6

7.3
.8

7.5
1.1

7.6
1.4

7.6
1.8

7.7
2.2

-.4
7.6
2.7

77.1
32.0
45.1
19.0
26.1
-1.3

7.7
3.0

8.1
3.2

8.1
3.2

8.1
2.7

Gross product of financial corporate business

18.3

18.6

19.0

19.2

19.1

19.5

20.1

21.6

22.3

22.5

23.0

23.1

24.0

24.8

25.4

26.0

26.6

349.0

354.9

362.4

366.7

381.6

388.6

396.0

408.6

419.4

428.3

434.8

443.1

444.1

447.4

456.3

467.9

480.9

Gross product of corporate business
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax

Dividends

Gross product of nonfinancial corporate
business.

523.0

86.4
39.2
47.1
19.7
27.5

-2.9
8.1
2.6
27.3
495.8

27.2

28.1

28.6

29.0

29.5

30.1

30.8

31.4

32.3

33.1

33.9

34.7

35.4

36.3

37.2

38.1

39.1

327.3
36.2

334.3
37.2

338.0
37.8

352.6
38.9

359.1
39.0

365.9
39.1

377.8
40.0

388.0
39.5

396.0
40.4

401.7
40.8

409.2
41.4

409.5
41.6

411.9
42.3

420.0
43.7

430.7
45.1

442.8
47.3

456.7
49.1

286.3
219.7
199.2
20.5
61.6

291.1
224.3
203.4
21.0
61.6

297.1
229.1
207.7
21.4
62.6

300.2
233.0
211.2
21.8
61.7

313.7
238.4
216.2
22.2
69.5

320.1
242.9
220.1
22.8
71.2

326.7
248.1
224.6
23.5
72.4

337.8
255.8
231.3
24.6
75.6

348.5
263.1
237.1
26.1
78.6

355.6
271.0
243.8
27.3
77.4

360.9
277.9
249.7
28.2
75.4

367.7
283.2
254.3
28.9
76.6

367.9
285.9
257.1
28.8
73.7

369.6
288.3
259.3
29.0
72.6

376.3
294.1
264.5
29.7
73.2

385.6
300.3
269.8
30.5
76.1

395.5
310.0
278.0
32.0
75.9

407.6
318.7
285.4
33.2
78.9

55.5
23.8
31.7
13.1
18.6
-.2
6.3
5.1

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

27.7

321.8
35.5

Consumption of fixed capital

55.6
23.8
31.8
13.6
18.2

57.1
24.4
32.8
13.8
18.9

56.2
23.9
32.3
14.3
18.0

63.1
26.0
37.2
14.4
22.8

-.9
6.4
5.4

-.7
6.2
5.5

-.4
6.8
5.8

66.4
27.2
39.2
16.1
23.2
-1.5

70.3
28.8
41.5
17.0
24.4
-1.9

72.3
29.9
42.4
17.4
25.1
-1.2

72.6
29.9
42.7
17.0
25.7
-2.7

71.5
29.4
42.1
16.8
25.4
-3.6

69.9
28.7
41.1
16.2
24.9
-1.0

66.6
27.6
39.0
17.4
21.7

-.1
6.1
5.2

65.3
26.8
38.5
15.1
23.4
-1.1

66.3
27.2
39.1
18.1
21.0
-1.3

67.0
27.5
39.5
17.8
21.7
-1.7

70.9
29.2
41.8
16.7
25.0
-2.8

72.6
32.9
39.7
18.7
21.0
-4.7

7.1
6.0

7.5
6.2

7.2
6.4

7.5
6.8

7.5
7.1

7.5
7.6

7.6
8.0

7.6
8.7

8.0
8.9

8.0
9.2

8.0
9.6

73.9
33.4
40.4
18.7
21.7
-2.9
8.0
10.0

-.4
7.5
8.3

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital >
Net product2
See footnotes at the end of the table.




36

1,249.1

1,268.9 1,294.1 1,302.1 1,348.9 1,367.4 1,391.4 1,429.5 1,457.6 1,476.4 1,487.5 1,502.1 1,502.5 1,507.3 1,520.7 1,546.2 1,571.9 1,607.1

108.7
114.1
115.9
117.7
119.4
102.8
104.9
106.8
110.6
112.4
121.2
94.8
97.6
99.2
100.9
92.5
93.6
96.1
1,156.6 1,175.3 1,199.3 1,206.0 1,251.3 1,268.2 1,290.5 1,326.7 1,352.8 1,369.6 1,378.7 1,391.5 1,390.1 1,393.1 1,404.8 1,428.5 1,452.5 1,485.9

97

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1971

1970

1969

1968

1972

Line
Billions of dollars

535.1

560.0

571.0

582.0

587.8

586.8

595.3

603.4

600.9

626.3

638.4

650.6

665.2

687.0

705.4

720.4

42.9

43.9

45.0

46.1

47.4

48.6

50.0

51.0

52.3

53.6

54.8

56.0

57.1

58.4

62.2

60.9

62.2

493.5
53.7

506.0
54.9

516.1
55.8

526.0
57.4

535.9
58.9

540.5
59.7

538.2
60.5

545.4
61.6

552.4
62.8

548.6
63.7

572.7
66.3

583.6
67.2

594.6
69.5

608.1
70.9

628.6
71.1

643.2
72.6

659.5
74.2

687.0
76.4

439.8
345.6
309.1
36.5
91.5

451.2
355.8
317.9
37.8
92.4

460.3
363.7
325.1
38.7
92.2

468.6
374.1
334.2
40.0
89.1

477.0
384.3
343.0
41.3
86.1

480.8
392.3
349.9
42.4
81.0

477.7
396.4
353.2
43.2
73.1

483.8
398.2
354.4
43.8
76.5

489.6
403.4
358.6
44.8
76.4

484.8
402.8
357.7
45.1
72.1

506.4
412.8
366.1
46.7
84.3

516.5
421.7
373.4
48.3
85.8

525.1
428.4
378.7
49.7
88.2

537.1
438.1
386.6
51.5
90.9

557.4
453.7
399.5
54.2
95.7

570.6
466.1
409.6
56.5
96.5

585.4
476.3
417.7
58.6
100.8

610.6
494.1
432.3
61.8
107.9

86.5
39.4
47.1
20.5
26.6
-3.0
8.0

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

548.9

41.6

Gross product of corporate business
Consumption of fixed capital

88.6
40.4
48.2
20.8
27.5
-4.1

88.7
41.2
47.5
20.2
27.2
-4.9

85.8
40.2
45.6
20.4
25.2
-5.2

82.4
38.8
43.6
20.2
23.4
-4.9

81.0
38.5
42.5
20.7
21.8
-8.4

73.8
34.1
39.6
20.1
19.6
-8.8

73.4
34.3
39.2
20.5
18.7
-4.6

75.3
35.3
39.9
20.2
19.7

71.5
33.7
37.8
20.7
17.1
-6.6

80.9
37.4
43.5
21.2
22.3
-3.6

83.2
38.2
45.1
19.7
25.3
-4.7

86.3
37.5
48.8
21.3
27.5
-5.6

87.9
37.9
50.0
19.1
30.9
-4.5

93.1
40.0
53.1
22.2
30.9
-5.8

94.0
40.3
53.8
22.1
31.7
-5.8

97.2
41.5
55.7
22.0
33.7
-5.8

7.8
3.1

8.4
4.4

8.5
5.4

8.6
6.6

8.4
7.5

8.1
8.2

7.6
9.0

7.2
9.9

7.0
9.4

7.3
9.0

7.5
8.6

8.4
8.1

8.3
8.0

9.4
8.2

106.8
45.7
61.1
21.5
39.6
-9.0
10.1
8.5

40.4

41.7

41.8

42.5

646.6

663.7

678.7

706.7

2.7

Gross product of financial corporate business

28.0

Gross product of nonfinancial corporate
business.

507.0

•42
7.4
9.8

28.4

30.2

30.7

31.5

33.0

33.3

33.4

35.0

36.5

36.7

37.6

39.2

7.4
8.1
395

520.5

529.8

540.3

550.5

554.8

5535

561.9

568.4

564.3

589.6

600.9

611.4

625.7

749.2

40.1

42.3

43.3

44.4

45.6

46.7

48.0

49.0

50.2

51.4

52.6

53.7

54.8

56.0

59.7

58.3

59.5

479.2
52.0

487.6
52.8

497.0
54.3

506.1
55.7

509.3
56.4

506.8
57.3

513.9
58.5

519.4
59.6

514.1
60.5

538.2
62.7

548.3
63.4

557.7
65.5

570.9
66.8

590.6
67.1

604.0
68.5

620.4
69.9

647.2
72.0

416.0
327.1
292.7
34.4
78.7

427.2
336.7
301.1
35.7
79.7

434.7
344.3
307.8
36.5
78.6

442.7
354.4
316.6
37.8
75.7

450.5
364.0
325.0
39.0
72.7

452.9
371.4
331.3
40.1
67.1

449.5
374.9
334.1
40.8
59.1

455.4
376.4
335.2
41.3
62.3

459.7
381.1
338.9
42.1
60.8

453.6
379.9
337.5
42.4
55.4

475.4
389.5
345.6
43.9
67.7

484.9
397.9
352.5
45.4
68.8

492.1
404.1
357.5
46.7
69.9

504.1
413.3
365.0
48.4
72.8

523.6
428.4
377.5
50.9
77.0

535.5
439.8
386.7
53.0
77.2

550.5
449.1
394.1
55.0
81.9

575.2
466.3
408.3
58.0
88.5

73.8
33.5
40.4
19.4
20.9
-3.0
7.8
10.2

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

41.3

466.9
50.9

Consumption of fixed capital

76.2
34.5
41.7
19.6
22.1
-4.1

75.4
35.0
40.3
19.1
21.2
-4.9

72.7
33.9
38.7
19.2
19.5
-5.2

69.3
32.5
36.8
18.9
17.8
-4.9

67.3
31.9
35.4
19.2
16.2
-8.4

60.0
27.4
32.6
18.5
14.1
-8.8

59.5
27.4
32.1
18.6
13.4
-4.6

59.8
27.9
31.9
18.3
13.6
-6.2

54.9
26.0
28.9
18.6
10.3
-6.6

64.5
29.7
34.8
19.2
15.6
-3.6

66.4
30.5
35.9
17.9
18.0
-4.7

68.3
29.5
38.8
19.3
19.4
-5.6

70.1
30.0
40.1
17.5
22.6
-4.5

74.7
32.0
42.7
20.3
22.4
-6.8

75.0
32.1
42.9
20.2
22.7
-5.8

78.6
33.5
45.1
20.2
24.9
-5.8

7.6

8.2

8.2

8.4

8.2

7.9

7.4

7.3

7.1

6.8

7.1

7.3

7.2

8.1

8.0

9.1

10.7

11.8

12.7

13.7

14.4

15.5

16.6

17.9

18.3

18.2

18.2

18.1

17.9

18.2

18.6

19.5

87.8
37.4
50.3
19.8
30.6
-9.0
9.7
20.4

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital >
Net product2
See footnotes at the end of the table.




36

1,631.9

1,652.2

1,665.1

1,679.4

1,6915

1,684.9

1,662.1

1,664.2

1,678.8

1,648.0

1,702.6

1,716.4

1,735.1

1,765.8

1,808.8

1,849.3

1,875.4

1,929.7

123.1
1,508.8

125.1
1,527.1

127.2
1,537.8

129.2
1,550.1

131.2
1,560.3

133.0
1,551.9

134.8
1,527.3

136.5
1,527.7

138.1
1,540.7

139.7
1,508.3

141.5
1,561.1

142.7
1,573.7

144.4
1,590.7

146.3
1,619.5

148.3
1,660.5

157.7
1,691.6

152.5
1,722.9

154.7
1,775.0

98

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1974

1973

1975

1977

1976

Line

Billions of dollars

776.5

807.0

830.0

836.7

859.1

879.7

887.9

889.4

913.1

958.2

988.3

1,027.0

1,042.9

1,066.5

1,090.3

1,125.5

66.3

67.7

69.7

72.2

76.0

80.5

85.3

89.5

93.0

95.4

98.0

100.4

103.3

105.7

108.6

112.8

116.3

713.1
79.6

724.6
80.7

739.3
82.1

760.3
83.1

764.5
84.1

783.0
86.2

799.2
88.1

802.6
88.7

799.9
88.1

820.2
91.5

862.8
95.3

890.3
97.7

926.6
97.9

939.6
100.3

960.7
102.4

981.7
105.5

1,012.7
107.9

1,068.1
109.9

633.5
511.8
446.7
65.2
112.9

643.9
526.5
458.5
68.0
108.1

657.2
540.6
469.9
70.6
106.2

677.2
556.6
483.2
73.4
109.0

680.4
567.2
492.3
74.9
99.4

696.8
582.4
505.0
77.4
98.8

711.1
598.0
517.8
80.2
96.2

713.9
602.0
520.5
81.5
93.5

711.8
596.2
514.3
81.9
97.0

728.7
600.9
517.2
83.6
110.3

767.6
619.9
532.2
87.6
131.0

792.6
642.1
549.9
92.2
135.2

828.7
667.4
569.7
97.7
148.5

839.3
685.0
583.3
101.8
142.5

858.3
704.4
598.3
106.1
143.0

876.2
723.5
613.4
110.2
142.1

904.8
742.8
629.0
113.8
149.5

958.2
773.6
654.0
119.6
171.0

118.9
49.1
69.8
22.0
47.8
-15.8
9.9
8.8

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

790.9

63.5

Gross product of corporate business
Consumption of fixed capital

120.0
49.6
70.4
23.0
47.4
-21.1

116.2
48.0
68.2
23.9
44.3
-18.7

122.0
50.4
71.6
23.6
48.0
-22.7

122.4
48.8
73.6
22.3
51.2
—31.8

128.3
51.4
76.9
25.2
51.7
-36.7

140.8
56.6
84.1
24.0
60.1
-50.0

125.7
50.3
75.4
22.3
53.1
-34.4

109.1
43.0
66.1
26.7
39.4
-12.4

118.1
46.2
71.9
26.0
45.9
-7.0

9.1
9.3

8.7

9.7

8.8

7.3

5.5

2.1

.3

-.9

10.4

11.6

13.7

15.6

17.0

18.5

18.6

17.6

144.5
56.6
87.9
25.9
62.0
-11.7
-1.7
16.6

149.0
57.9
91.1
27.0
64.1
-11.1
-2.7
15.2

162.9
65.4
97.5
26.0
71.5
-10.7
^3.7
12.8

161.9
64.4
97.5
30.1
67.4
-14.9
-4.6
11.8

162.4
64.0
98.4
31.4
67.0
-15.2
-4.1
10.9

161.1
63.0
98.1
32.7
65.4
-15.6
-3.4
10.6

175.1
67.4
107.7
31.8
75.9
-21.4
-4.2
12.5

189.3
73.1
116.2
32.5
83.7
-15.3
-2.9
13.6

1,184.4

44.5

Gross product of nonfinancial corporate
business.

45.8

45.4

46.4

46.3

47.9

50.9

51.5

53.1

53.3

54.5

56.2

57.5

58.1

59.8

62.6

66.4

70.3

732.1

Gross product of financial corporate business

745.1

761.5

783.6

790.3

811.2

828.8

836.4

836.4

859.9

903.8

932.1

969.4

984.7

1,006.6

1,027.7

1,059.1

1,114.1

60.7

Inventory valuation adjustment

66.4

68.8

72.4

76.6

81.1

85.1

88.3

90.5

92.9

95.0

97.8

100.0

102.6

106.6

109.9

697.0
77.3

717.2
78.3

721.6
79.3

738.8
81.3

752.2
83.2

755.3
83.7

751.3
83.2

771.6
86.5

813.3
90.1

839.2
92.4

874.4
92.5

886.9
94.8

906.6
96.7

925.1
99.5

952.5
101.8

1,004.2
103.6

605.8
497.6
433.7
63.9
86.7

619.7
511.0
444.6
66.4
85.5

638.9
526.2
457.2
69.0
88.2

642.3
536.4
465.8
70.6
79.7

657.5
550.7
477.7
73.0
78.9

669.1
565.1
489.5
75.5
75.2

671.6
568.2
491.5
76.7
73.2

668.1
561.4
484.7
76.7
76.6

685.1
565.2
487.1
78.1
91.2

723.2
583.4
501.6
81.8
111.5

746.8
604.4
518.4
86.0
114.7

781.9
628.9
537.7
91.2
125.7

792.2
645.4
550.3
95.1
119.1

809.9
663.8
564.6
99.1
118.7

825.5
681.7
578.7
103.0
116.3

850.7
700.0
593.6
106.5
121.7

900.6
729.6
617.6
112.0
141.2

98.9
40.5
58.4
20.1
38.3
-15.8
9.4
20.7

Capital consumption adjustment
Net interest

64.5

681.8
76.0

596.5
483.4
422.2
61.2
92.4

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits

63.4

671.4
74.9

Consumption of fixed capital

99.2
40.4
58.7
20.9
37.8
-21.1

96.0
38.8
57.3
21.7
35.6
-18.7

101.9
41.0
60.9
21.5
39.4
-22.7

103.3
39.7
63.6
20.5
43.1
-31.8

109.1
42.0
67.1
23.1
43.9
-36.7

120.4
46.6
73.7
22.3
51.4
-50.0

105.8
40.5
65.3
20.9
44.4
-04.4

89.0
33.4
55.7
25.0
30.7
-12.4

99.2
37.0
62.2
24.4
37.8
-7.0
-1.1
28.7

125.1
47.4
77.7
24.3
53.4
-11.7
-1.9
28.3

128.6
48.2
80.4
25.3
55.1
-11.1
-5.7
27.7

140.1
54.7
85.5
24.3
61.1
-10.7
-3.6
27.2

138.5
53.4
85.0
28.1
57.0
-14.9
-4.5
27.7

137.9
52.6
85.2
29.3
56.0
-15.2
-4.0
27.5

135.1
51.1
84.0
30.5
53.4
-15.6
-3.2
27.5

147.1
55.1
92.0
29.7
62.3
-21.4

159.3
60.1
99.2
30.5
68.7

8.6

8.1

9.1

8.1

6.6

4.9

1.7

21.5

23.2

24.4

26.3

27.9

28.8

30.2

0
30.0

^.0
29.0

-15.3
-2.8
29.8

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital»
Net product2
See footnotes at the end of the table.




36

1,974.1

1,972.4

1,973.9 1,981.2 1,963.3 1,966.7 1,941.9 1,893.1 1,849.1 1,879.6 1,941.5 1,971.8 2,036.8 2,053.3 2,074.5 2,084.5 2,120.2 2,198.8

157.0
1,817.1

162.7
1,809.7

162.1
1,811.8

164.8
1,816.4

167.9
1,795.4

170.9
1,795.8

172.9
1,768.9

175.1
1,718.0

177.0
1,672.1

178.9
1,700.7

180.7
1,760.9

182.4
1,789.4

184.0
1,852.7

186.5
1,866.9

187.8
1,886.8

189.9
1,894.5

192.2
1,928.0

196.2
2,002.6

99

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1977

1979

1978

1980

1981

Line

Billions of dollars

1,451.2 1,481.7

1,512.9 1,545.4 1,582.2

1,662.2 1,750.5

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

Net interest
Gross product of financial corporate business
Gross product of nonfinancial corporate
business.

1,230.5

1,258.7

1,278.5

1,362.9

1,399.4

1,622.7

1,619.1

1,823.1

1,858.9

1,925.3

118.6

Gross product of corporate business
Consumption of fixed capital

122.2

127.1

131.9

136.9

142.1

147.7

154.3

160.0

163.8

170.8

177.6

184.3

191.6

199.3

207.1

213.7

220.5

1,111.9
112.5

1,136.4
114.9

1,151.4
116.7

1,231.1
122.2

1,262.5
121.9

1,309.2
125.7

1,334.0
127.7

1,358.6
129.5

1,385.4
131.9

1,418.4
135.2

1,451.9
139.3

1,441.6
145.4

1,477.9
151.4

1,558.9
158.0

1,623.8
174.3

1,651.9
178.0

1,711.6
179.9

1,704.8
180.6

1,925.3

999.4 1,021.5 1,034.7 1,108.9 1,140.7 1,183.5 1,206.3 1,229.1 1,253.6 1,283.2 1,312.6 1,296.2 1,326.6 1,400.9 1,449.5 1,473.8 1,531.7 1,524.2
917.9
798.2
824.0
847.0
889.4
952.5
983.1 1,007.7 1,036.9 1,064.9 1,093.4 1,102.4 1,123.2 1,170.2 1,205.4 1,231.5 1,261.5 1,275.7
769.2
694.2
711.9
746.3
797.6
823.7
844.1
938.7
673.7
868.5
891.6
914.6
977.5 1,006.9 1,027.8 1,051.9 1,062.5
921.8
148.6
129.8
135.1
143.1
154.9
159.5
163.6
168.4
173.2
178.8
124.6
180.7
184.5
192.8
198.6
203.7
213.2
209.6
201.2
180.7
169.7
199.7
206.8
196.4
174.7
191.6
183.5
180.1
184.2
186.1
146.8
154.9
175.5
188.5
203.4
181.0
226.5
85.2

196.8
75.7
121.1
34.1
87.0
-9.5
-1.2
15.1

198.5
76.0
122.5
36.5
86.0
-16.6
-1.2
16.8

193.1
71.3
121.8
37.3
84.6
-20.8
-2.6
18.0

141.3
36.5
104.8
-23.2
-3.7
19.8

73.7

77.4

81.0

86.5

1,156.8

1,181.3

1,197.5

1,276.4

2i!6

239.5
91.1
148.4
43.3
105.1
-27.5
-5.1
24.1

237.4
88.8
148.6
42.3
106.3
-35.1
-5.9
26.8

90.8

93.9

1,308.6

1,357.3

229.1
86.4
142.7
41.4
101.3
-23.3

238.9
89.2

-40.0
-7.4
29.9

235.9
88.3
147.6
39.6
108.0
-44.1
-8.3
33.2

229.6
85.7
143.9
41.7
102.2
-41.4
-8.1
38.2

95.5

98.1

100.2

102.3

1,386.2

1,414.8

1,445.2

1,479.9

149.7
42.3
107.4

238.6
94.8
143.8

40.9
102.9
-53.5
-10.4
44.4
104.8
1,517.9

192.2
74.8
117.4
54.4
63.0
-34.0
-11.3
46.9

208.4
81.1
127.3
45.4
81.9
-42.3
-11.2
48.4

224.6
88.5
136.1
48.6
87.5
-38.8
-10.3
55.2

228.6
88.8
139.9
53.5
86.3
-37.4
-2.7
55.5

206.9
79.3
127.6
57.1
70.5
-24.3
1.6
58.2

214.5
82.9
131.6
60.6
71.1
-18.2
7.0

194.9
73.7
121.2
62.0
59.2
-18.6
4.8
67.5

105.1

106.7

111.4

115.3

111.9

111.9

112.9

1,514.0

1,555.5

1,639.1

1,707.8

1,747.1

1,813.4

1,812.3

166.2

172.4

179.1

186.1

193.2

199.1

205.3

112.0

Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

115.3

119.9

124.3

129.0

133.8

138.9

145.0

150.2

1,044.9
106.0

1,065.9
108.2

1,077.6
109.8

1,152.1
114.9

1,179.6
114.7

1,223.5
118.2

1,247.3
120.1

1,269.8
121.8

1,295.0
124.0

1,326.3 1,357.9 1,347.8 1,383.1 1,460.0 1,521.7 1,553.9 1,614.3 1,607.0
127.0
130.8
136.5
142.1
148.5
164.2
170.2
168.0
169.8

938.9
752.9
636.2
116.7
154.8

957.7
777.3
655.6
121.7
147.6

967.8
798.7
671.8
126.9
135.1

1,037.2
839.4
704.8
134.6
162.2

1,064.9
866.3
726.4
139.9
161.9

1,105.3
899.6
753.7
145.9
166.9

1,127.1
928.7
778.4
150.3
157.5

1,148.0
951.9
797.6
154.2
152.7

1,171.0
979.1
820.2
158.8
146.2

1,199.2
1,005.1
841.8
163.3
143.9

1,227.1
1,031.1
862.7

1,211.4
1,038.2
868.2

1,241.0
1,057.1
883.5

168.4

170.0

173.6

140.5

116.6

127.1

165.3
62.3
102.9
31.9
71.1
-9.5
-1.1
31.2

165.3
62.1
103.2
33.9
69.3
-16.6
-1.2
32.8

158.6
56.3

189.3
69.2
120.0
33.6
86.4
-23.2
^3.9
35.5

190.0
69.4

199.7
73.4
126.3
39.5
86.8
-27.5
-5.3
38.9

198.4
71.0
127.4
38.6
88.9
-35.1
-5.8
40.9

199.7
70.8
128.9
38.6
90.3
^0.0
-7.0
43.4

197.8
69.8

192.4
66.8
125.6
38.8
86.8
-41.4
-7.0
50.2

202.6
75.8
126.8
38.9
87.8

160.0
56.7
103.3
51.9
51.5

178.5
64.5

-53.5
-6.7
55.6

-34.0
-9.4
56.5

^2.3
-9.0
56.8

102.3
34.5
67.8
-20.8
-2.7
34.0

120.6
37.9
82.7
-23.3
367

128.1
36.5
91.6
-44.1
-7.5
45.7

153.6

160.0

113.9
44.0
69.9

1,311.5
1,101.3
919.9
181.4
146.6

1,357.4
1,134.5
947.3
187.2
158.9

1,385.8
1,159.3
967.3
192.0
159.4

1,444.5
1,187.0
989.4
197.6
180.1

1,436.8
1,199.0

193.5
71.0
122.5
46.6
75.9
-38.8
-8.1
63.6

197.0
70.8
126.3
50.3
75.9
-37.4
-.7
64.1

180.2
62.4

189.1
65.8
123.3
54.7
68.5
-18.2
9.2
77.4

170.4
56.5
113.9
55.5
58.4
-18.6
7.2
78.8

117.8
52.6
65.1

-24.3
3.5
67.1

998.3
200.7
159.0

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital
Net product2

l

See footnotes at the end of the table.




2,265.9 2,265.9 2,265.2 2,365.7 2,384.8 2,425.5 2,436.0 2,429.8 2,431.8 2,439.1 2,435.9 2,368.3 2,369.4 2,427.7 2,460.1 2,472.2 2,514.2 2,471.6
198.0
2,067.9

200.5
2,065.4

226.4
213.8
222.1
203.9
207.2
210.5
217.0
225.9
230.1
238.5
247.4
233.3
235.5
241.6
244.6
250.1
2,061.3 2,158.5 2,174.3 2,211.7 2,218.9 2,207.8 2,205.9 2,212.6 2,205.8 2,135.1 2,134.0 2,189.2 2,218.5 2,227.7 2,266.8 2,221.5

100

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97-Continued
1982

1983

1984

1985

Line
Billions of dollars

2,569.5

1,924.0

1,967.5

1,963.9

2,001.1

2,070.0

2,132.3

2,199.6

2,281.1

2,342.7

2,377.9

2,423.2

2,460.9

2,497.6

2,547.1

231.8

236.1

240.3

240.3

242.4

246.5

248.6

252.7

258.1

262.6

267.2

272.9

278.0

283.6

1,698.3
178.5

1,720.0
179.4

1,731.4
181.4

1,723.6
184.8

1,760.8
187.8

1,827.6
196.4

1,885.8
201.1

1,951.0
206.5

2,028.4
213.0

2,084.6
218.1

2,115.3
221.7

2,156.0
226.3

2,188.0
228.7

2,219.6
237.1

2,263.5
237.7

2,280.4
239.5

1,519.8
1,287.1
1,069.9
217.2
162.1

1,540.6
1,296.5
1,076.6
219.9
172.2

1,550.0
1,306.1
1,083.7
222.4
175.2

1,538.9
1,307.9
1,084.8
223.1
164.5

1,573.0
1,321.9
1,096.5
225.4
186.0

1,631.2
1,351.7
1,121.1
230.6
215.4

1,684.7
1,385.5
1,149.2
236.2
232.3

1,744.5
1,434.0
1,189.8
244.1
240.8

1,815.4
1,471.5
1,221.8
249.7
270.7

1,866.5
1,509.7
1,254.4
255.3
277.9

1,893.6
1,541.9
1,282.4
259.5
267.4

1,929.6
1,569.1
1,306.3
262.8
275.1

1,959.3
1,595.0
1,329.5
265.4
279.4

1,982.6
1,619.6
1,351.1
268.5
279.0

2,025.9
1,644.7
1,372.7
272.0
299.4

2,040.9

164.6
63.1

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

1,951.7

225.7

Gross product of corporate business
Consumption of fixed capital

165.5
64.6
100.8
52.2
48.7
-4.7
11.5
71.8

166.8
65.3
101.5
57.7
43.8
-6.4
14.8
68.7

154.0
59.3
94.8
64.3
30.4
-6.0
16.5
66.5

158.0
60.1
97.9
70.0
27.9

192.3
75.5
116.7
68.4
48.4
-7.1
30.2
64.0

214.1
85.4
128.7
71.8
56.9
-15.2
33.3
67.0

219.2
87.9
131.3
74.7
56.6
-9.8
31.5
69.7

243.8
100.9
142.9
78.3
64.6
-6.6
33.4
73.2

240.3
99.2
141.1
78.5
62.6
-9.8
47.4
78.9

215.0
87.5
127.5
79.2
48.3

217.0
88.5
128.5
77.8
50.7

213.2
95.4
117.8
81.0
36.8

210.1
93.7
116.4
90.4
26.0

223.8
99.5
124.3
84.1
40.2

220.1
97.5
122.6
87.0
35.6
-8.0
66.2
82.9

101.6
65.2
36.4
-12.9
10.4
70.6

2.2
25.8
65.1

.3

.2

.6

.3

7.2

52.2
84.3

57.9
85.5

65.7
84.9

68.6
84.0

68.5
81.8

1,679.8
1,402.0
277.7
278.3

108.5

Gross product of nonfinancial corporate
business.

115.0

124.2

133.9

141.2

147.8

148.8

152.1

156.7

160.0

160.4

168.6

179.7

188.6

192.5

197.3

1,815.5

Gross product of financial corporate business

1,836.7

1,843.3

1,830.0

1,859.9

1,922.2

1,983.5

2,047.5

2,124.4

2,182.7

2,217.5

2,254.6

2,281.2

2,309.1

2,354.6

2,372.2

210.1

219.0

222.5

222.0

223.4

226.8

228.1

231.3

235.7

239.2

242.9

247.5

251.6

256.0

260.3

1,621.3
168.2

1,624.3
169.8

1,607.5
172.8

1,637.9
175.7

1,698.8
183.9

1,756.7
188.3

1,819.4
193.3

1,893.1
199.4

1,947.0
204.1

1,978.2
207.2

2,011.7
211.1

2,033.7
213.0

2,057.5
220.5

2,098.5
220.5

2,111.8
221.8

1,437.5
1,208.3

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

215.4

1,605.4
167.8

Consumption of fixed capital

1,453.1
1,214.6
1,008.4
206.2
153.1

1,454.5
1,221.1
1,012.8
208.3
151.3

1,434.7
1,220.5
1,011.6
208.9
135.0

1,462.2
1,231.8
1,020.5
211.2
153.9

1,514.9
1,259.4
1,043.2
216.2
181.1

1,568.4
1,291.2
1,069.6
221.6
200.4

1,626.1
1,337.2
1,108.1
229.1
210.2

1,693.8
1,373.0
1,138.5
234.5
239.5

1,742.9
1,409.5
1,169.6
239.9
247.0

1,771.1
1,439.1
1,195.1
244.0
240.7

1,800.6
1,464.2
1,217.0
247.2
244.5

1,820.7
1,487.8
1,238.1
249.7
242.0

1,837.0
1,509.2
1,256.7
252.6
237.4

1,878.0
1,530.7
1,274.9
255.8
258.4

1,890.0
1,561.4
1,300.4

142.7
48.1
94.6
46.7
47.9
-4.7
15.1
85.4

139.1
47.9
91.2
51.3
39.9
-6.4
18.6
82.0

120.7
41.2
79.4
57.3
22.1
-6.0
20.3
79.3

122.9
42.5
80.4
62.6
17.7

155.1
57.5
97.6
62.0
35.5
-7.1
33.1
74.5

179.5
67.7
111.7
65.0
46.7
-15.2
36.1
76.8

185.6
70.0
115.6
67.0
48.5
-9.8
34.4
78.7

209.1
80.6
128.5
68.7
59.8
-6.6
37.0
81.3

205.5
78.7
126.8
67.8
59.0
-9.8
51.3
86.4

184.2
67.9
116.3
68.1
48.2

182.3
67.4
114.9
66.8
48.0

171.8
69.6
102.2
69.1
33.1

164.5
66.4
98.1
76.1
22.0

178.5
72.9
105.6
71.1
34.5

1,004.5
203.9
145.8

145.2
47.8
97.4
57.8
39.6
-12.9
13.6
83.4

2.2
28.8
76.5

261.0
237.0

.3

.2

.6

.3

7.2

56.2
91.2

62.1
91.9

69.7
90.9

72.6
90.4

72.7
88.9

174.3
70.8
103.5
72.8
30.7
-«.O
70.7
91.6

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital»
Net product2
See footnotes at the end of the table.




36

2,443.6

2,442.1

2,423.2

2,397.6

2,438.0

2,511.0

2,577.1

2,641.9

2,717.6

2,773.8

2,801.6

2,836.8

2,857.4

2,886.6

2,939.6

2,948.1

252.8
2,190.9

255.3
2,186.8

257.7
2,165.5

262.2
2,135.4

262.1
2,175.9

264.7
2,246.2

270.2
2,306.9

270.7
2,371.1

274.2
2,443.3

277.9
2,495.8

281.8
2,519.8

285.9
2,551.0

290.2
2,567.2

294.4
2,592.2

298.5
2,641.1

302.2
2,645.9

101

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1986

1987

Line

1989

1988

' 1" 1' 1
"

I

Billions of dollars

2,603.7

2,633.2

2,681.5

2,746.0

2,818.5

2,886.1

2,942.3

2,984.2

3,050.6

3,102.8

3,179.0

3,203.1

3,223.6

3,252.8

299.3

304.9

310.3

314.2

318.3

322.1

328.9

335.4

341.3

346.4

354.0

359.8

364.7

375.8

382.2

2,309.9
251.9

2,308.9
245.6

2,328.3
249.8

2,371.1
253.6

2,431.9
255.9

2,500.2
262.5

2,564.1
265.5

2,613.4
267.9

2,648.8
272.5

2,709.3
276.2

2,756.3
278.3

2,825.0
287.5

2,843.3
292.7

2,858.9
297.5

2,877.0
304.9

2,903.3
306.4

2,058.1
1,703.0

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

2,608.1

293.8

Gross product of corporate business
Consumption of fixed capital

2,063.2
1,714.9
1,429.8
285.1
263.7

2,078.5
1,739.1
1,449.9
289.2
253.6

2,117.5
1,773.8
1,479.0
294.9
255.2

2,175.9
1,810.2
1,510.1
300.1
268.1

2,237.7
1,839.1
1,534.8
304.3
293.8

2,298.6
1,872.0
1,562.9
309.1
316.4

2,345.6
1,914.0
1,596.9
317.1
315.9

2,376.4
1,939.0
1,619.9
319.1
328.6

2,433.1
1,981.4
1,655.0
326.4
343.0

2,478.1
2,013.4
1,682.2
331.2
351.7

2,537.5
2,047.9
1,711.3
336.5
370.1

2,550.7
2,073.4
1,733.0
340.3
345.3

2,561.4
2,086.4
1,743.8
342.6
336.1

2,572.0
2,105.2
1,759.2
346.0
326.2

2,596.9

198.2
103.2
95.0
92.0

47.4
85.7

235.1
112.0
123.0
93.8
29.3
-13.9
46.9
97.6

264.9
126.2
138.7
92.3
46.4
-19.2
48.1
104.7

282.4
134.7
147.7
93.7
54.1
-15.7
49.7
110.2

284.0
135.4
148.6
102.9
45.7
-16.2
48.1
115.7

299.2
126.1
173.0
86.2
86.9
-18.3
47.8
108.7

322.0
135.4
186.7
93.9
92.8
-25.5
46.4
108.8

332.5
140.3
192.3
112.3
80.0
-56.1
45.3
113.0

347.3
146.9
200.4
100.5
100.0
-18.8
41.6
119.6

341.3
153.3
187.9
127.1
60.8
-33.7
37.8
132.0

318.1
143.9
174.2
126.6
47.7
-18.9
36.9
138.8

292.6
132.9
159.6
130.3
29.3

13.9
51.5
84.6

220.8
114.8
105.9
89.4
16.5
-10.9
45.3
88.5

297.9
135.7
162.3
122.1

3.0

200.7
104.1
96.6
85.9
10.7

1,420.2
282.8
271.4
194.9
103.8
91.1
85.8
5.4
19.7
56.8
83.7

5.4

-.4
34.1
140.7

3,285.5

2,140.6
1,787.9
352.7
318.1

40.2
-12.3
32.5
138.2

207.0

Gross product of nonfinancial corporate
business.

215.2

218.9

227.7

239.3

251.8

257.5

263.1

254.5

264.4

269.2

270.4

280.0

280.1

275.7

283.7

2,396.7

Gross product of financial corporate business

2,392.9

2,414.3

2,453.7

2,506.8

2,566.7

2,628.7

2,679.2

2,729.8

2,786.2

2,833.6

2,908.5

2,923.1

2,943.5

2,977.1

3,001.8

264.1

276.4

279.0

281.9

284.4

289.8

295.2

299.7

303.6

309.6

313.8

317.5

327.3

332.5

2,141.8
230.6

2,177.3
233.8

2,227.7
235.7

2,284.8
241.5

2,344.3
244.1

2,389.4
246.3

2,434.6
250.6

2,486.5
254.2

2,530.0
256.0

2,599.0
264.5

2,609.3
269.0

2,626.0
273.4

2,649.8
280.0

2,669.3
281.1

1,899.2

1,897.7
1,588.3
1,320.9
267.3
210.6

1,911.2
1,608.5
1,337.4
271.1
203.9

1,943.5
1,638.6
1,362.4
276.2
206.0

1,992.1
1,671.4
1,390.4
281.1
221.6

2,043.3
1,697.2
1,412.3
284.9
243.5

2,100.2
1,728.3
1,438.9
289.4
265.7

2,143.2
1,768.5
1,471.7
296.8
262.3

2,184.0
1,790.4
1,491.8
298.6
279.2

2,232.3
1,830.6
1,525.3
305.4
283.3

2,274.1
1,861.3
1,551.5
309.8
286.7

2,334.5
1,893.9
1,579.0
314.9
305.2

2,340.3
1,919.9
1,601.4
318.5
274.9

2,352.6
1,932.7
1,612.1
320.6
267.0

2,369.7
1,950.2
1,626.5
323.7
264.2

2,388.2
1,983.6
1,653.8
329.8

141.0
72.8
68.2
72.4
-4.2
19.7
61.6
97.0

Net interest

272.5

2,124.7
227.0

1,579.9
1,314.5
265.4
222.3

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

268.3

2,132.6
233.4

Consumption of fixed capital

139.9
71.3
68.6
76.6
-8.0
13.9
56.8
98.8

145.3
73.7
71.6
72.4

165.3
84.5
80.8
74.1

6.8

207.9
92.7
115.2
73.1
42.1
-19.2
54.7
102.6

224.9
100.7
124.2
74.2
50.0
-15.7
56.5
106.2

223.0
100.0
123.0
81.5
41.5
-16.2
55.4
112.4

242.1
95.2
146.9
69.9
77.0
-18.3
55.5
114.4

254.4
100.7
153.7
76.1
77.6
-25.5
54.4
118.3

259.2
102.9
156.3
91.2
65.1
-26.1
53.6
126.1

273.7
108.8
164.9
81.9
83.0
-18.8
50.3
135.4

262.0
110.2
151.8
104.1
47.7
-33.7
46.6
145.5

239.8
100.5
139.2
104.1
35.1
-18.9
46.1
152.9

220.8
92.3
128.5
107.6
20.9

220.0
92.6

-.8
5.4

182.2
80.4
101.8
74.9
26.8
-13.9
53.3
99.0

43.9
155.3

127.4
101.0
26.5
-12.3
43.2
153.7

53.2
98.8

-10.9
51.6
98.9

-.4

250.8

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
Consumption of fixed capital'
Net product2
See footnotes at the end of the table.




36

2,974.8

2,959.8

2,971.3

3,009.8

3,058.3

3,121.3

3,181.3

3,225.5

3,271.2

3,308.4

3,321.6

3,387.4

3,3775

3,363.5

3,379.8

3,389.1

305.5
2,669.3

308.8
2,651.0

311.8
2,659.5

314.6
2,695.2

317.0
2,741.3

319.5
2,801.8

322.0
2,859.4

324.4
2,901.1

326.8
2,944.4

329.3
2,979.0

331.8
2,989.8

334.4
3,053.0

337.1
3,040.4

339.9
3,023.5

348.9
3,030.9

352.2
3,036.9

102

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1990

1991

1993

1992

Line

Billions of dollars

3,970.6

3,341.2

3,420.6

3,414.3

3,439.9

3,471.2

3,505.7

3,528.5

3,604.6

3,640.1

3,631.2

3,735.0

3,740.3

3,826.1

3,866.4

387.4

394.1

400.8

407.8

410.2

412.5

414.5

417.7

421.2

442.0

430.5

439.2

443.7

454.4

456.6

2,959.0
310.2

3,019.4
311.7

3,026.5
319.8

3,013.4
325.8

3,032.1
332.1

3,061.0
339.6

3,093.2
348.3

3,114.0
354.7

3,186.9
358.0

3,218.9
359.3

3,189.2
365.7

3,304.5
376.4

3,301.1
371.9

3,382.4
379.2

3,412.0
384.6

3,513.9
399.4

2,648.8
2,178.5
1,818.0
360.4
332.9

2,707.7
2,216.3
1,848.0
368.3
355.2

2,706.7
2,239.1
1,865.2
374.0
334.4

2,687.7
2,236.5
1,860.5
376.1
320.8

2,700.0
2,224.7
1,847.4
377.3
351.2

2,721.3
2,246.3
1,862.4
383.9
356.8

2,744.8
2,271.2
1,879.9
391.2
361.1

2,759.3
2,296.4
1,897.9
398.5
358.6

2,828.9
2,336.5
1,929.3
407.2
395.0

2,859.5
2,369.6
1,953.1
416.5
397.9

2,823.5
2,401.8
1,976.7
425.1
334.6

2,928.1
2,434.2
2,000.1
434.1
409.9

2,929.2
2,453.6
2,013.4
440.2
389.9

3,003.2
2,488.5
2,039.8
448.7
430.9

3,027.3
2,515.6
2,060.0
455.6
428.5

3,114.5
2,544.0
2,081.7
462.3
485.7

314.2
133.7
180.5
145.3
35.2
-3.6
22.3
137.4

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

3,406.8

382.2

Gross product of corporate business
Consumption of fixed capital

331.1
141.2
190.0
141.0
49.0

345.1
148.0
197.2
143.4
53.7
-30.2
19.4
133.2

324.8
139.6
185.2
147.1
38.1
-19.8
15.9
130.3

329.2
129.8
199.4
150.1
49.4
11.4
10.5
124.2

338.1
132.4
205.7
158.0
47.7

349.7
136.1
213.6
157.7
56.0

350.3
136.1
214.2
159.9
54.3
-1.7
10.0
104.3

383.8
144.4
239.3
150.7
88.6

400.4
150.1
250.3
154.8
95.5
-10.6

344.0
128.8
215.2
160.7
54.5
-3.4
-6.0
87.0

403.4
149.2
254.2
179.7
74.4

394.1
151.0
243.1
175.2
68.0
-6.1

433.6
165.5
268.0
177.4
90.6
-S.3

425.8
162.3
263.6
182.9
80.7

481.0
182.7
298.3
193.9
104.4
-4.1
8.8
84.8

2.0
22.1
136.2

8.6
10.2
118.2

1.4
9.9
112.6

2.2
9.0

8.1

97.4

92.0

.4
6.1
84.0

1.8

3.6

.4
2.3

85.7

83.8

83.2

291.5

Gross product of nonfinancial corporate
business.

299.7

305.5

301.2

323.5

332.9

341.6

345.0

377.0

372.3

332.7

376.7

375.0

391.7

394.0

412.2

3,049.7

Gross product of financial corporate business

3,107.1

3,115.1

3,113.1

3,116.4

3,138.3

3,164.1

3,183.5

3,227.6

3,267.8

3,298.5

3,358.3

3,365.3

3,434.4

3,472.3

3,558.4

331.2

340.7

346.3

352.1

354.1

355.9

357.5

360.2

363.3

383.6

371.2

378.9

382.3

391.7

392.6

2,771.7
286.1

2,774.4
293.2

2,766.8
298.2

2,764.2
303.3

2,784.3
309.5

2,808.2
317.0

2,826.0
322.5

2,867.4
325.6

2,904.5
326.9

2,914.9
332.8

2,987.0
342.7

2,986.5
338.3

3,052.1
344.9

3,080.6
350.0

3,165.8
364.1

2,433.7
2,019.0

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

335.3

2,718.5
284.8

Consumption of fixed capital

2,485.7
2,052.4
1,708.8
343.7
276.5

2,481.2
2,071.3
1,722.6
348.8
253.8

2,468.6
2,068.1
1,717.6
350.5
245.0

2,460.9
2,056.1
1,704.5
351.5
252.9

2,474.8
2,074.9
1,717.5
357.4
253.1

2,491.2
2,097.4
1,733.5
363.9
252.4

2,503.5
2,119.0
1,748.9
370.2
252.8

2,541.8
2,151.0
1,773.5
377.5
268.6

2,577.6
2,181.8
1,796.1
385.7
280.1

2,582.1
2,208.6
1,815.2
393.4
264.0

2,644.3
2,235.6
1,834.0
401.5
302.9

2,648.2
2,250.8
1,843.3
407.5
288.0

2,707.2
2,279.8
1,864.4
415.4
321.1

2,730.6
2,303.0
1,881.0
421.9
323.6

2,801.7

238.5
96.4
142.1
117.0
25.1

249.8
101.2
148.5
118.6
30.0
-30.2
34.2
156.1

233.4
94.6
138.8
120.7
18.0
-19.8
31.4
155.6

215.4
82.8
132.6
121.5
11.1
11.4
26.0
152.0

218.6
84.4
134.2
126.5

224.9
87.1
137.9
126.1
11.8

227.5
87.8
139.7
128.9
10.7
-1.7
27.0
131.7

238.7
84.8
153.9
123.9
30.0

263.3
93.6
169.7
129.4
40.3
-10.6
27.4
115.7

253.7
89.1
164.6
135.3
29.2
-3.4
13.7
109.5

276.5
97.4
179.1
151.2
27.9

304.6
104.9
199.7
146.0
53.7
-6.3
22.9
106.3

301.4
103.7
197.7
148.9
48.8

25.9
105.9

273.0
93.3
179.7
145.8
33.8
-6.1
21.1
109.4

21.7
104.0

344.0
118.9
225.1
156.7
68.4
-4.1
28.6
103.9

1,682.4
336.6
259.0
227.1
91.1
136.0
120.4
15.6
-3.6
35.4
155.7

2.0
36.0
156.8

7.7
8.6
25.9
146.8

1.4
26.1
141.3

2.2
27.7
122.3

.4

.4

2,329.3
1,900.8
428.5
368.6

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital
Net product2

l

See footnotes at the end of the table.




36

3,402.6

3,432.0

3,411.6

3,390.5

3,366.2

3,375.0

3,387.2

3,399.2

3,432.7

3,454.8

3,471.0

3,515.2

3,495.0

3,558.2

3,586.5

3,655.4

348.5
3,054.2

351.3
3,080.7

354.2
3,057.5

357.0
3,033.5

359.9
3,006.3

362.7
3,012.3

365.4
3,021.8

368.0
3,031.2

370.5
3,062.2

373.5
3,081.3

393.0
3,078.0

380.3
3,134.8

387.2
3,107.8

388.7
3,169.5

399.4
3,187.1

397.6
3,257.8

103

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars: Annually, 1929-97, and Quarterly, 1946-97—Continued
1994
Line

1995

1997

1996

I

I
Billions of dollars

Gross product of corporate business
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Gross product of financial corporate business
Gross product of nonfinancial corporate
business.
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

4,002.9

4,100.0

4,173.4

4,263.9

4,301.1

4,352.7

4,437.6

4,468.6

4,528.6

4,614.4

4,678.1

4,774.1

4,854.5

4,946.3

5,056.0

491.4

471.7

480.0

487.8

497.5

507.8

516.3

527.0

531.5

538.7

547.5

556.2

565.6

576.0

587.0

597.6

3,511.5
407.4

3,628.2
414.9

3,693.4
421.1

3,776.2
426.4

3,803.6
430.4

3,844.9
432.7

3,921.4
430.7

3,941.6
435.1

3,997.1
437.1

4,075.7
441.0

4,130.7
442.0

4,217.9
468.8

4,288.9
457.7

4,370.4
469.1

4,469.1
472.5

4,553.0
473.7

3,104.1
2,593.1
2,119.7
473.4
423.7

3,213.4
2,629.5
2,149.9
479.6
493.4

3,272.3
2,656.9
2,174.7
482.2
520.2

3,349.8
2,704.6
2,218.9
485.7
546.5

3,373.2
2,736.3
2,253.7
482.6
541.8

3,412.1
2,759.2
2,281.5
477.7
559.5

3,490.7
2,792.0
2,317.5
474.5
607.2

3,506.5
2,818.3
2,347.4
470.8
598.5

3,560.1
2,835.0
2,369.2
465.7

3,634.8
2,891.9
2,423.3
468.6
652.6

3,688.7
2,937.9
2,467.6
470.3
656.6

3,749.2
2,984.0
2,511.0
473.0
665.5

3,831.1
3,024.8
2,560.2
464.6
694.1

3,901.2
3,064.2
2,604.8
459.4
710.8

3,996.6
3,115.1
2,656.6
458.5
743.8

4,079.3
3,188.5
2,725.8
462.6
743.6

439.7
165.4
274.3
184.1
90.2
-8.3
-7.8
87.3

182.8
304.0
196.9
107.0
-10.2
16.8

517.1
194.4
322.7
196.6
126.1
-15.7
18.8

541.1
204.1
336.9
210.3
126.6
-15.6
21.1

555.0
203.1
351.9
213.3
138.6
-32.5
19.4

569.4
208.8
360.6
213.5
147.0
-28.2
18.4

597.8
218.7
379.1
226.1
153.0
-9.8
19.2
91.5

583.6
213.3
370.3
233.6
136.7
-2.6
17.5
89.7

614.5
219.7
394.8
249.6
145.1
2.1
21.4
87.1

630.3
225.3
405.0
247.4
157.6
-1.7
23.9
90.3

626.5
224.0
402.5
261.1
141.4
4.7
25.4
94.2

630.7
225.6
405.1
271.1
134.0
7.1
27.7
99.6

653.3
227.0
426.3
273.9
152.4
10.4
30.4
112.2

666.5
231.8
434.6
278.6
156.0
12.1
32.3
126.2

704.5
245.2
459.3
284.9
174.5
5.6
33.6
137.7

702.5
244.8
457.7
298.1
159.7
5.7
35.4
147.3

369.4

90.5

95.2

98.7

95.0

93.4

399.2

410.1

412.7

425.2

441.4

5,150.5

457.8

452.1

472.2

483.5

490.6

510.9

535.3

556.8

577.0

597.9

3,979.8

4,016.5

4,056.5

4,130.9

4,187.6

4,263.3

4,319.1

4,389.6

4,479.0

4,552.6

3,633.5

3,700.7

3,763.3

3,851.3

3,875.9

425.6

404.3

410.9

417.3

425.3

433.9

440.7

450.0

453.1

458.9

465.9

472.9

480.1

488.6

497.4

505.8

3,207.9
371.9

3,296.5
379.4

3,352.4
385.8

3,434.0
391.2

3,450.5
394.8

3,477.5
397.2

3,539.1
396.0

3,566.4
401.4

3,603.3
405.4

3,672.0
410.7

3,721.7
412.0

3,790.4
419.5

3,839.0
421.6

3,901.0
432.2

3,981.6
435.4

4,046.8
436.2

2,836.0
2,376.6
1,937.5
439.0
357.3

2,917.1
2,413.7
1,968.8
444.9
398.9

2,966.6
2,442.7
1,995.3
447.4
414.0

3,042.8
2,487.6
2,037.1
450.6
439.9

3,055.7
2,517.8
2,070.5
447.3
420.9

3,080.3
2,538.5
2,096.0
442.4
424.7

3,143.1
2,566.7
2,127.5
439.1
460.6

3,165.0
2,587.9
2,152.6
435.3
463.8

3,197.9
2,600.0
2,169.9
430.1
491.1

3,261.3
2,649.2
2,216.9
432.4
504.0

3,309.6
2,689.1
2,255.5
433.6
511.4

3,370.9
2,730.1
2,294.1
435.9
529.8

3,417.4
2,768.9
2,340.5
428.4
534.5

3,468.8
2,805.3
2,381.5
423.8
544.7

3,546.2
2,850.1
2,427.3
422.8
573.9

3,610.5
2,916.1
2,489.5
426.5
569.2

352.3
119.7
232.5
148.4
84.2
-3.3
13.3
102.1

370.8
125.1
245.7
158.5
87.3
-10.2
38.3
104.5

389.3
131.1
258.2
158.1
100.1
-15.7
40.3
109.9

413.3
139.6
273.7
169.3
104.4
-15.6
42.2
115.3

414.1
134.4
279.6
172.7
107.0
-32.5
39.4
117.0

414.5
134.1
280.4
173.5
106.9
-28.2
38.4
117.2

431.3
139.5
291.8
183.2
108.5
-9.8
39.2
115.8

428.7
139.0
289.7
188.0
101.7
-5.6
37.7
113.3

445.9
144.9
300.9
198.9
102.0
2.1
43.1
106.9

460.2
150.0
310.2
195.0
115.2
-1.7
45.5
108.0

460.1
150.0
310.1
203.8
106.3
4.7
46.6
109.1

474.7
155.5
319.2
210.1
109.1
7.1
48.0
111.0

473.9
150.9
323.0
210.4
112.6
10.4
50.2
113.9

481.6
153.4
328.2
214.0
114.2
12.1
51.1
118.8

517.0
165.5
351.5
218.9
132.6
5.6
51.3
122.2

511.8
163.6
348.2
229.1
119.1
5.7
51.8
125.2

3,911.4

Billions of chained (1996) dollars

Gross product of nonfinancial corporate
business.
Consumption of fixed capital'
Net product2

3,715.3

3,776.3

3,819.2

3,895.0

3,900.4

3,927.0

3,988.4

4,024.8

4,057.3

4,130.3

4,187.0

4,263.5

4,295.3

4,358.7

4,447.3

4,515.7

432.6
3,282.8

407.2
3,369.1

412.7
3,406.5

418.6
3,476.3

425.2
3,475.1

431.7
3,495.3

438.4
3,550.0

448.0
3,576.7

451.9
3,605.4

458.9
3,671.4

466.2
3,720.8

473.7
3,789.8

481.4
3,813.9

489.5
3,869.2

498.1
3,949.1

507.4
4,008.3

1. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of
the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100.




2. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product and
the consumption of fixed capital.

104

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97

2. Personal Income and Outlays
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

1929

1930

Rental income of persons with capital
consumption adjustment.

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

76.5

65.5

50.0

46.9

53.8

60.5

68.8

74.3

68.6

73.1

78.6

96.3

123.8

152.4

166.3

171.9

179.5

50.5
45.5
21.5
16.1
15.6
8.4
5.0

46.2
41.0
18.5
13.9
14.5
8.0
5.2

39.2
33.9
14.3
10.8
12.5
7.1
5.3

30.5
25.5
9.9
7.7
9.8
5.8
5.0

29.0
23.9
9.8
7.8
8.8
5.2
5.2

33.7
27.6
12.1
9.6
9.9
5.7
6.1

36.7

46.1

43.0
34.8
15.3
11.8
12.6
6.8
8.3

46.0
37.7
17.4
13.6
13.3
7.1
8.2

49.9
41.4
19.7
15.6
14.2
7.5
8.5

62.1
51.9
27.5
21.7
16.3
8.1
10.2

82.1
66.1
39.1
30.9
18.0
9.0
16.0

105.6

30.2
13.5
10.8
10.7
5.9
6.5

42.0
34.1
15.8
12.4
11.8
6.5
7.9

116.9
84.0
50.4
42.9
22.7
10.9
33.0

117.5
82.6
45.9
38.2
24.8
11.9
34.9

112.0
91.3
46.0
36.5
31.0
14.3
20.7

.6

.6

.8

.8

1.0

1.2

1.5

2.0

2.3

2.5

14.9

11.7

9.1

5.6

10.7

11.0

13.1

11.2

11.7

12.9

17.3

24.1

29.1

30.3

31.7

36.5

6.2
8.7

4.4
7.3

3.5
5.6

2.1
3.5

5.3
5.4

4.3
6.6

6.0
7.1

4.4
6.8

4.4
7.3

4.5
8.4

6.4
10.9

10.1
14.0

12.0
17.0

12.0
18.3

12.4
19.3

14.8
21.7

5.6

4.9

4.0

3.2

2.2

2.3

2.6

3.1

3.3

3.4

4.0

5.0

5.6

5.9

6.1

7.0

Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

1931

85.3

38.6
18.4
14.6
13.2
7.1
7.5

79.0
49.0
40.9
20.1
9.9
26.6

5.6

Personal dividend income .

6.8

Personal interest income...

10.5
.4

Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance1
Other

1.1
7.0
2.0

.1

.1

.1

.1

.1

.1

.1

.4

.4

.4

.5

.6

.9

1.5

1.8

1.9

1.6

2.1

1.9

1.3

1.0

1.0

1.1

1.3

2.1

2.1

1.7

1.9

2.5

5.1

17.0

18.0

19.8

17.5

Equals: Disposable personal income

83.2

74.6

64.2

49.1

45.9

52.7

59.2

67.3

72.2

66.5

71.4

76.7

93.8

118.7

135.4

148.3

152.1

162.0

Less: Personal outlays

79.3

71.3

61.6

49.5

46.6

52.1

56.6

63.0

67.7

65.1

68.0

72.2

82.1

89.7

100.4

109.3

120.8

145.6

77.5
1.5
.3

70.2
.9
.3

60.7
.7
.3

48.7
.5
.2

45.9
.5
.2

51.5
.5
.2

55.9
.5
.2

62.2
.6
.2

66.8
.7
.2

64.2
.7
.2

67.2
.7
.2

71.2
.8
.2

81.0
.9
.2

88.9
.7
.1

99.7
.5
.2

108.5
.5
.4

119.8
.5
.5

144.2
.7
.7

3.9

3.2

2.6

2.6

4.3

4.5

1.5

3.4

4.5

11.7

29.0

34.9

39.0

31.4

16.3

672.3

629.3

607.8

526.5

683
5,516
121.9

605
5,109
123.2

517
4,896
124.1

393
4,214
124.9

4.7

4.3

4.0

Less: Personal contributions for social insurance
Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




-.7

510.7

560.3

614.7

692.2

716.6

675.9

732.3

781.1

899.0 1,012.4 1,057.9 1,096.1 1,081.5 1,074.4

4,063
125.7

417
4,430
126.5

465
4,827
127.4

525
5,400
128.2

560
5,556
129.0

512
5,201
130.0

545
5,589
131.0

581
5,912
132.1

703
6,739
133.4

7,507
134.9

7,737
136.7

1,072
7,920
138.4

1,087
7,729
139.9

1,145
7,599
141.4

1.2

4.4

6.4

6.2

2.2

4.7

5.9

12.4

24.4

25.8

26.3

20.6

10.1

105

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1 .—Personal Income and Its Disposition: Annually, 1929-87, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1

192.1

211.1

208.2

229.9

258.7

276.1

292.6

295.2

316.8

340.0

359.3

370.0

394.0

412.7

430.3

457.9

481.0

Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

2
3
4
5
6
7
8

123.1
105.6
54.2
42.5
35.2
16.1
17.5

135.5
116.5
61.1
47.1
37.5
17.9
19.0

134.8
114.0
57.8
44.6
37.7
18.5
20.8

147.2
124.6
64.8
50.3
39.9
19.9
22.6

171.5
142.3
76.4
59.4
44.4
21.6
29.2

185.6
152.3
82.1
64.2
47.0
23.2
33.3

199.0
164.7
89.8
71.3
49.9
25.0
34.4

197.2
162.4
85.8
67.6
50.3
26.2
34.9

212.1
175.6
93.3
73.9
53.6
28.7
36.6

229.0
190.2
100.8
79.5
58.0
31.5
38.8

239.9
198.9
104.4
82.5
60.7
33.8
41.0

241.3
197.2
100.3
78.7
61.1
35.9
44.1

259.8
213.8
109.9
86.9
65.1
38.8
46.0

272.8
223.7
113.4
89.8
68.6
41.7
49.2

280.5
228.0
114.0
89.9
69.6
44.4
52.4

299.3
243.0
122.2
96.8
73.3
47.6
56.3

314.8
254.8
127.4
100.7
76.8
50.7
60.0

Other labor income

9

3.0

3.5

3.9

4.8

5.9

6.5

7.2

7.4

8.5

10.0

11.3

12.0

13.4

14.4

15.2

16.7

18.0

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

10

35.6

40.4

35.7

38.6

43.8

44.3

43.3

43.5

45.5

47.0

49.0

51.4

51.8

51.9

54.4

56.5

57.8

11
12

15.1
205

17.5
22 9

12.7
231

13.5
251

16.0
27 8

15.1
292

13.0
303

12.5
310

11.5
340

11.3
35 7

11.3
37 7

13.1
383

10.9
40 9

11.4
404

12.1
423

12.1
44 4

11.9
45 8

Rental income of persons with capital
consumption adjustment.

13

7.0

7.6

7.8

8.7

9.5

10.5

11.5

12.5

12.8

13.1

13.8

14.5

15.2

16.2

16.9

17.8

18.5

Personal dividend income

14

6.3

7.0

7.2

8.8

8.6

8.6

8.9

9.3

10.5

11.3

11.7

11.6

12.6

13.4

13.9

15.0

16.2

Personal interest income

15

7.8

8.3

9.0

10.0

10.8

11.5

13.0

14.3

15.6

17.4

19.4

21.0

23.0

25.6

27.3

30.2

33.0

Transfer payments to persons
Old-age, survivors, disability, and health insurance

16
17

10.8
.5

10.3
.6

11.3
.7

13.9
1.0

11.2
1.9

11.8
2.2

12.6
3.0

14.5
3.6

15.7
4.9

16.6
5.7

19.2
7.3

23.3
8.5

24.2
10.2

25.7
11.1

29.5
12.6

30.3
14.3

32.0
15.2

Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance'
Other

18
19
20
21
22

.8
7.0
2.6
.3
2.3

.9
5.9
3.0
.4
2.6

1.9
5.3
3.5
.5
3.0

1.5
7.7
3.8
.6
3.3

.9
4.6
3.9
.6
3.3

1.1
4.3
4.2
.5
3.7

1.0
4.1
4.4
.5
3.9

2.2
4.2
4.5
.6
3.9

1.5
4.4
4.8
.6
4.2

1.5
4.4
5.0
.6
4.4

1.9
4.5
5.5
.7
4.7

4.1
4.7
6.0
.8
5.2

2.8
4.6
6.7
.9
5.7

3.0
4.6
7.0
1.0
6.1

4.3
5.0
7.6
1.1
65

3.1
4.7
8.3
1.3
70

3.0
4.8
8.9
1.4
76

Less: Personal contributions for social insurance

Personal income

23

1.6

1.6

1.5

2.1

2.5

2.8

2.9

3.5

3.9

4.3

5.0

5.0

6.0

7.2

7.4

7.9

9.3

Less: Personal tax and nontax payments

24

20.1

19.6

17.1

19.3

27.5

32.5

33.8

30.7

33.4

37.2

39.6

39.2

42.8

46.6

47.9

52.3

55.3

Equals* Disposable personal income

25

1721

191.6

191.1

210.6

231.2

243.6

258.8

264.5

2834

302 8

319.7

330 8

3512

366 2

3824

405 6

425 8

Less: Personal outlays

26

164.0

177.5

181.1

195.4

2115

223.0

237.5

244.8

2638

277.4

292.9

302.6

324.7

339.8

350.5

3722

3927

27
28
29

162.3
1.1
.7

175.4
1.4
.7

178.8
1.8
.5

192.7
2.3
.4

208.6
2.5
.4

219.7
2.9
.4

233.4
3.6
.5

240.5
3.8
.5

259.0
4.4
.4

271.9
5.1
.5

287.0
5.5
.5

296.6
5.6
.4

318.1
6.1
.5

332.3
7.0
.5

342.7
7.3
.5

363.8
7.8
.5

383.1
8.9
.7

30

8.1

14.1

10.0

15.2

19.7

20.6

21.3

19.8

19.5

25.4

26.8

28.2

26.5

26.4

31.9

33.5

33.1

Personal consumption expenditures
Interest paid by persons
Personaltransfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Total, billions of chained (1996) dollars2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




31

1,035.2

1,090.0

1,095.6

1,192.7

1,227.0

1,266.8

1,327.5

1,344.0

1,433.8

1,502.3

1,539.5

1,553.7

1,623.8

1,664.8

1,720.0

1,803.5

1,871.5

32
33
34

1,194
7,183
1441

1,307
7,433
146.6

1,281
7,343
1492

1,388
7,863
151.7

1,499
7,953
154.3

1,552
8,071
157.0

1,622
8,319
159.6

1,629
8,276
162.4

1,715
8,675
1653

1,800
8,930
168.2

1,867
8,988
171.3

1,899
8,922
1741

1,983
9,167
1771

2,026
9,210
1808

2,081
9,361
183 7

2,174
9,666
186 6

2,249
9,886
1893

35

4.7

7.3

5.2

7.2

8.5

8.5

8.2

7.5

6.9

8.4

8.4

8.5

7.6

7.2

8.3

8.3

7.8

106

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1 .—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
Rental income of persons with capital
consumption adjustment.

1974

1975

1976

1977

1978

1979

1980

557.4

606.4

650.4

714.5

780.8

841.1

905.1

994.3

1,113.4

1,225.6

1,331.7

1,475.4

1,637.1

1,848.3

2,0815

2,323.9

337.7
272.9
136.0
107.3
82.0
54.9
64.9

Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

1973

515.8

Personal Income

1964

1965

1966

1967

1969

1970

1971

1972

363.7
293.8
146.6
115.7
87.9
59.4
69.9

400.3
321.9
161.6
128.2
95.1
65.3
78.3

428.9
342.5
169.0
134.3
101.6
72.0
86.4

471.9
375.3
184.1
146.0
110.8
80.4
96.6

518.3
412.7
200.4
157.7
121.7
90.6
105.5

551.5
434.3
203.7
158.4
131.2
99.4
117.1

583.9
457.4
209.1
160.5
140.4
107.9
126.5

638.7
501.2
228.2
175.6
153.3
119.7
137.4

708.7
560.0
255.9
196.6
170.3
133.9
148.7

772.6
611.8
276.5
211.8
186.8
148.6
160.9

814.6
638.6
277.1
211.6
198.1
163.4
176.0

899.5
710.8
309.7
238.0
219.5
181.6

993.9
791.6
346.1
266.7
242.7
202.8
202.3

1,120.7
901.2
392.6
300.1
274.9
233.7
219.6

1,255.8
1,018.7
442.3
335.2
308.5
267.8
237.1

1,3775
1,116.2
472.3
356.2
336.7
307.2
261.3

22.7

25.5

28.2

32.5

36.6

41.9

48.0

55.3

62.8

73.3

87.6

105.3

125.3

143.4

162.6

185.4

65.2

69.6

71.1

75.4

78.9

79.8

86.1

97.7

115.2

1155

121.6

134.3

148.3

170.1

183.7

177.6

10.8
49.9

13.1
52.2

14.1
55.5

12.8
58.4

12.8
62.6

14.2
64.7

14.3
65.5

14.9
71.2

18.8
78.9

30.7
84.5

25.2
90.3

23.5
98.1

18.7
115.6

17.5
130.8

21.5
148.5

23.7
160.0

13.1
164.5

18.6

19.2

19.9

20.4

20.2

20.3

20.3

21.2

21.6

23.1

23.0

22.0

215

20.4

22.4

245

31.3

20.3
10

Personal dividend income

18.2

20.2

20.7

21.5

23.5

24.2

24.3

25.0

26.8

29.9

33.2

32.9

39.0

44.7

50.7

57.4

64.0

Personal interest income

36.9

40.8

45.3

49.4

54.1

62.3

715

775

84.2

97.6

116.1

128.0

140.5

161.9

191.3

233.5

286.4

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance1
Other

33.2
16.0

35.9
18.1

39.6
20.8

47.6
25.5

55.6
30.2

61.6
32.9

74.3
38.5

88.2
44.5

98.0
49.6

111.9
60.4

132.3
70.1

1675
81.4

182.3
92.9

194.6
104.9

209.3
116.2

234.2
131.8

279.0
154.2

2.7
4.7
9.7
1.5
8.2

2.3
4.9
10.6
1.7
9.0

1.9
4.9
12.1
1.9

2.2
5.6
14.4
2.3

2.1
5.9
17.3
2.8
14.5

2.2
6.7
19.7
3.5

4.0
7.7
24.2
4.8

5.8
8.8
29.2
6.2

5.7
9.7
33.0
6.9
26.1

4.4
10.4
36.7
7.2
29.5

6.8
11.8
43.6
8.0
35.6

17.6
14.5
54.0
9.3
44.7

15.8
14.4
59.3
10.1
49.2

12.7
13.8
63.2
10.6
52.5

9.7
13.9
69.5
10.8
58.7

9.8
14.4
78.2
11.1
67.1

16.1
15.0
93.8
12.5
81.3

Less: Personal contributions for social insurance

9.8

10.3

52.8

58.4

Equals: Disposable personal income

463.0

498.9

Less: Personal outlays

422.4

456.2

411.7
10.0
.7

444.3
11.1
.8

481.8
12.0
.8

40.5

42.7

2,006.9
2,412
10,456
191.9
8.8

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




10.2

12.1

14.5

16.8

67.3

74.2

539.1

576.2

494.6

522.3
508.7
12.5
1.0

44.5

2,131.0
2,567
10,965
194.3
8.6

16.2

19.4

23.0

21.4

22.5

24.7

28.0

105.9

104.6

103.4

125.6

626.2

675.0

7365

801.7

868.6

573.6
558.7
13.8
1.0

622.3
605.5
15.7
1.1

667.0
648.9
16.8
1.3

721.6
702.4
17.8
1.3

791.7
770.7
19.6
1.4

54.0

52.7

52.6

69.5

80.1

2,244.6

2,340.5

2,448.2

2,524.3

2,630.0

2,745.3

2,742
11,417
196.6

2,899
11,776
198.8

3,119
12,196
200.7

3,329
12,451
202.7

3,591
12,823
205.1

3,860
13,218
207.7

4,138
13,692
209.9

8.3

9.4

8.4

7.8

9.4

10.0

8.9

18.7

35.7

40.5

42.6

46.9

52.0

59.7

70.2

77.2

134.5

153.3

150.3

1755

201.2

233.5

273.3

304.2

979.0

1,072.3

1,181.4

1,299.9

1,436.0

1,614.8

1,808.2

2,019.8

876.5

957.9

1,056.2

1,177.8

1^10.4

1,469.4

1,642.4

1,814.1

852.5
22.4
1.5

932.4
24.2
1.3

1,030.3
24.5

1,278.4
30.7
1.3

1,430.4
37.5

1.3

1,149.8
26.6
1.3

1.5

1,596.3
44.5
1.6

1,762.9
49.4
1.8

76.9

102.5

114.3

125.2

122.1

125.6

145.4

165.8

205.6

2,874.3

3,072.3

3,051.9

3,108.5

3,243.5

3,360.7

3,527.5

3,628.6

3,658.0

4,619
14,496
211.9

5,013
14,268
213.9

5,470
14,393
216.0

5,960
14,873
218.1

6,519
15,256
220.3

7,253
15,845
222.6

8,033
16,120
225.1

16,063
227.7

10.5

10.7

10.6

9.4

8.7

9.0

9.2

10.2

107

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1981

1982

2,599.4

2,768.4

2,946.9

1,517.2
1,231.7
514.5
387.6
368.5
348.6
285.6

1,593.4
1,286.1
514.6
385.7
385.9
385.6
307.3

1,684.7
1,359.8
527.7
400.7
405.7
426.4
325.0

Other labor income

204.8

222.8

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

186.2

179.9

20.3
165.9
39.6

Personal income
ige and sala
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

Rental income of persons with capital
consumption adjustment.

1983

1984

1985

1986

1987

3,274.8

3,515.0

3,712.4

3,962.5

4,272.1

1,854.6
1,507.0
586.1
445.4
445.2
475.6
347.6

1,995.4
1,621.7
620.2
468.5
476.5
524.9
373.8

2,114.4
1,717.8
636.8
480.7
501.6
579.3
396.6

2,270.2
1,848.0
660.1
496.9
535.4
652.4
422.2

2,452.7
2,001.8
706.7
529.9
575.1
720.1
450.9

238.6

262.1

282.3

298.4

319.1

195.5

247.5

267.0

278.6

303.9

14.4
165.4

7.2
188.3

21.6
225.9

21.5
245.5

23.0
255.6

39.6

36.9

39.5

39.1

32.2

1989

1990

1991

1992

4,599.8

4,903.2

5,085.4

1993

1994

1995

1996

1997

5,390.4

5,610.0

5,888.0

6,200.9

6,547.4

6,937.0

2,596.8

2,624.2

2,500.3
780.6
592.4
697.3

3,236.7
2,632.8
824.0
620.3
738.4

1,022.4
584.9

1,070.4
603.9

3,424.7
2,802.0
863.6
647.5
782.1
1,156.3
622.7

3,626.5

2,278.6
746.3
562.5
646.3
886.0
545.6

2,982.6
2,414.9
765.7
583.5
680.2
969.0
567.7

3,085.2

2,117.1
732.2
547.9
606.5
778.5
479.7

2,754.6
2,237.9
754.4
561.4
633.6
849.9
516.7

2,985.5
908.2
673.7
822.4
1,254.9
641.0

3,888.9
3,224.7
975.1
718.4
879.6
1,369.9
664.3

336.5

360.5

390.0

415.6

449.5

482.8

507.5

497.0

490.0

475.4

338.8

361.8

381.0

384.2

434.3

461.8

476.6

497.7

544.7

581.2

29.0
274.8

26.0
312.7

32.2
329.6

31.1
349.9

26.4
357.8

32.7
401.7

30.1
431.7

31.9
444.6

22.2
475.5

34.3
510.5

29.7
551.5

35.8

44.1

40.5

49.1

56.4

63.3

90.9

110.3

117.9

129.7

128.3
334.9

Personal dividend income

73.6

76.1

83.5

90.8

97.5

106.1

112.1

129.4

154.8

165.4

178.3

185.3

203.0

234.7

254.0

297.4

Personal interest income

352.7

401.6

431.6

505.3

546.4

579.2

609.7

650.5

736.5

772.4

771.8

750.1

725.5

742.4

792.5

810.6

864.0

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance'
Other

317.2
182.0

354.2
204.5

382.2
221.7

393.4
235.7

420.9
253.4

449.0
269.2

468.6

496.9
300.5

540.4
325.2

594.4
352.1

669.9
382.4

751.7

833.9
473.0

885.9
508.0

928.8
537.6

962.2

414.0

798.6
444.4

15.9
16.1
103.3
13.1
90.2

25.2
16.4
108.1
12.9
95.2

26.3
16.6
117.7
13.8
103.8

15.9
16.4
125.5
14.5
111.0

15.7
16.7
135.1
15.2
119.9

16.3
16.7

13.2
16.9
166.4
16.9

206.5
19.2

26.6
18.3
242.6
21.1

187.3

221.5

38.9
19.3
279.5
22.2
257.3

34.1
20.1
300.0
22.8
277.2

23.6
20.1
317.1
23.2

149.5

14.3
17.3
183.6
17.5
166.1

18.0
17.8

146.8
16.1
130.6

14.5
16.6
154.6
16.4
138.2

21.5
20.9
335.6
22.6
313.0

22.1
21.7
347.4
20.3
327.1

19.9
22.5
354.0
17.7
336.3

Less: Personal contributions for social insurance

92.1

99.1

106.1

118.4

133.6

145.6

156.8

176.8

191.6

203.7

215.1

226.6

237.8

254.1

268.8

280.4

351.5

361.6

360.9

387.2

428.5

449.9

503.0

519.7

583.5

609.6

610.5

635.8

674.6

722.6

778.3

Less: Personal tax and nontax payments

282.9

294.0

565.8

297.9
968.8

Equals: Disposable personal income

2,247.9

2,406.8

2,586.0

2,887.6

3,086.5

3,262.5

3,459.5

3,752.4

4,016.3

4,293.6

4,474.8

4,754.6

4,935.3

5,165.4

5,422.6

5,677.7

5,968.2

Less: Personal outlays

2,004.2

2,144.6

2,358.2

2,581.1

2,803.9

2,994.7

3,206.7

3,460.1

3,714.4

3,959.3

4,103.2

4,340.9

4,584.5

4,849.9

5,120.2

5,405.6

5,715.3

1,944.2
54.6
5.5

2,079.3
58.8
6.5

2,286.4
65.0

2,498.4
75.0
7.7

2,712.6
83.2
8.1

2,895.2
90.6
9.0

3,105.3
91.5
9.9

3,356.6
92.9
10.6

3,596.7
106.4
11.4

3,831.5
115.8
12.0

3,971.2
118.9
13.0

4,209.7
118.7
12.5

4,454.7
115.4
14.4

4,716.4
117.9
15.6

4,969.0
134.7
16.5

5,237.5
149.9
18.2

5,529.3
164.8
21.2

243.7

262.2

227.8

306.5

282.6

267.8

252.8

292.3

301.8

334.3

371.7

413.7

350.8

315.5

302.4

272.1

252.9

3,741.1

3,791.7

3,906.9

4,207.6

4,347.8

4,486.6

4,582.5

4,784.1

4,906.5

5,014.2

5,033.0

5,189.3

5,261.3

5,397.2

5,539.1

5,677.7

5,854.5

9,773
16,265
230.0

10,364
16,328
232.2

11,036
16,673
234.3

12,215
17,799
236.4

12,941
18,229
238.5

13,555
18,641
240.7

14,246
18,870
242.8

15,312
19,522
245.1

16,235
19,833
247.4

17,176
20,058
250.0

17,710
19,919
252.7

18,616
20,318
255.4

19,121
20,384
258.1

19,820
20,709
260.6

20,613
21,055
263.1

21,385
21,385
265.5

22,262
21,838
268.1

10.8

10.9

10.6

9.2

8.2

7.3

7.8

7.5

7.8

8.3

8.7

7.1

6.1

5.6

4.8

4.2

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




108

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1 .—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1947

1946

1948

1950

1949

Line
Persons I income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

172.4

176.9

182.7

185.9

188.5

186.8

194.9

198.3

204.3

209.7

215.3

215.3

209.3

208.0

207.2

208.3

222.6

223.2

106.9
82.0
40.3
31.6
28.2
13.5
24.9

110.5
90.1
45.0
35.9
31.1
14.0
20.4

113.5
94.6
48.1
38.3
31.9
14.6
18.9

117.2
98.6
50.7
40.2
32.8
15.2
18.6

119.7
101.7
52.3
41.2
33.8
15.6
17.9

121.5
103.9
53.4
42.0
34.3
16.2
17.6

123.4
106.4
54.3
42.3
35.8
16.3
17.0

127.8
110.3
57.0
44.4
36.9
16.4
17.5

131.3
113.3
59.4
46.1
36.6
17.4
17.9

133.1
114.7
59.8
46.4
37.1
17.8
18.3

138.2
118.8
62.4
48.0
38.2
18.2
19.5

139.4
119.2
62.6
48.0
38.3
18.2
20.3

136.8
116.4
60.3
46.4
37.9
18.2
20.4

134.9
114.4
57.8
44.5
38.2
18.4
20.6

133.9
113.0
57.1
44.4
37.4
18.4
20.9

133.4
112.1
56.0
43.3
37.1
18.9
21.4

137.1
115.6
58.4
45.4
38.0
19.2
21.4

142.9
121.2
62.6
48.4
39.1
19.6
21.6

2.5

2.5

2.5

2.6

2.9

2.9

3.1

3.3

3.4

3.5

3.5

3.6

3.7

3.8

4.0

4.1

4.3

4.6

34.1

35.8

38.3

37.9

37.4

33.5

35.0

36.6

37.7

41.6

41.8

40.4

36.4

35.8

35.1

35.6

36.7

37.2

13.0
21.1

13.6
22.1

16.1
22.2

16.6
21.3

16.7
20.7

13.2
20.3

14.8
20.2

15.7
20.9

15.7
22.1

18.8
22.8

18.5
23.3

16.9
23.5

13.3
23.0

12.7
23.1

12.1
23.0

12.4
23.2

12.8
23.9

12.8
24.5

7.4

7.0

6.8

6.8

6.8

7.1

7.3

7.5

7.6

7.7

7.8

7.6

7.7

7.9

8.1

8.4

8.6

Personal dividend income

5.1

5.5

5.7

6.3

6.5

6.4

7.0

6.7

7.1

7.4

7.2

7.2

7.1

7.4

8.3

8.4

Personal interest income

6.5

6.8

7.0

7.8

7.9

7.9

8.3

8.3

8.3

8.5

8.7

8.9

9.1

9.3

9.6

9.8

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance >
Other

11.5
.3

10.5
.4

10.3
.4

9.6
.5

13.5
.5

10.6
.5

10.7
.5

10.5
.5

10.2
.6

9.9
.6

10.6
.6

11.1
.7

11.6
.7

11.8
.7

20.2
.7

13.8
.8

1.4
7.9
1.9

1.2
7.1
1.8

1.0
6.7
2.2

.8
5.8
2.5
.3
2.2

.9
9.3
2.8
.3
2.6

.8
6.5
2.8
.4
2.4

.7
6.3
3.2
.3
2.9

.8
6.1
3.0
.3
2.7

.8
5.8
3.0
.4
2.6

1.0
5.6
2.7
.4
2.3

1.3
5.6
3.1
.4
2.7

1.7
5.4
3.4
.5
2.9

2.1
5.2
3.7
.5
3.2

2.4
5.0
3.7
.5
3.2

2.0
13.6
3.9
.5
3.3

1.6
7.1
4.3
.5
3.8

Less: Personal contributions for social insurance

1.6

1.6

1.5

1.5

1.7

1.7

1.6

1.6

1.6

1.6

1.6

1.6

1.6

1.5

1.5

1.5

2.0

2.1

16.3

17.6

18.1

18.0

19.4

19.8

20.0

21.1

21.5

19.3

18.6

18.8

18.2

17.4

16.7

16.2

17.0

18.0

Equals: Disposable personal income

156.0

159.3

164.6

167.9

169.1

167.1

174.9

177.2

182.8

190.4

196.7

196.5

191.2

190.6

190.5

192.1

205.6

205.3

Less: Personal outlays

136.1

141.5

150.3

154.7

165.8

169.9

172.9

176.8

179.7

180.6

179.4

181.1

180.6

183.2

186.1

190.1

134.9
.6
.5

140.1
.7
.7

148.9
.8
.7

153.1
.9
.7

158.2
156.5
1.0
.7

162.1
160.5
1.0
.6

164.0
1.1
.7

168.2
1.2

170.9
1.3
.8

174.7
1.4
.7

177.6
1.5
.6

178.4
1.5
.6

177.3
1.6
.5

178.9
1.7
.5

178.3
1.8
.5

180.8
2.0
.5

183.5
2.1
.5

187.4
2.2
.4

20.0

17.9

14.2

13.2

10.9

5.0

9.1

7.3

9.8

13.6

17.0

15.9

11.7

9.5

9.9

8.9

19.5

15.2

1,108

1,128

1,161

1,176

"140.9

141.2

"i4iS

"i427

1,181
7,269
143.2

1,162
7,087
143.8

1,210
7,245
144.5

1,221
7,128
145.1

1,254
7,240
145.8

1,301
7,433
146.3

1,338
7,532
147.0

1,331
7,516
147.7

7,335
148.3

1,280
7,330
148.9

1,274
7,335
149.5

1,279
7,365
150.2

1,363
7,863
150.9

1,356
7,782
151.4

12.8

11.2

8.7

7.9

6.4

3.0

5.2

4.1

5.4

7.2

8.6

8.1

6.1

5.0

5.2

4.6

9.5

7.4

Other labor Income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
Rental income of persons with capital
consumption adjustment.

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




6.2
2.3
.3
2.0

1,040.6 1,019.2 1,046.6 1,034.5 1,055.3 1,087.7 1,107.1 1,109.8 1,087.8 1,091.3 1,096.8 1,106.3 1,186.1 1,178.1

109

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-57, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1950

1952

1951

1953

1954

Line

Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
Rental income of persons with capital
consumption adjustment.

232.1

241.8

250.4

257.3

260.9

266.3

268.5

272.1

278.9

284.9

289.5

293.6

293.6

293.7

293.2

292.3

294.7

300.7

150.8
128.0
67.2
52.0
40.9
20.0
22.7

158.2
133.5
71.2
55.5
41.7
20.6
24.7

165.3
138.6
74.1
57.7
43.4
21.1
26.7

170.9
142.5
76.7
59.8
44.4
21.4
28.5

173.0
143.3
77.0
59.8
44.5
21.7
29.8

176.8
145.1
77.7
60.2
45.1
22.2
31.7

181.0
148.6
80.0
62.0
45.9
22.7
32.4

182.2
149.0
79.8
62.2
46.3
23.0
33.2

186.0
152.2
81.5
63.5
47.4
23.3
33.8

1933
159.3
87.3
69.0
48.3
23.7
33.9

196.9
162.7
89.7
71.1
48.8
24.3
34.2

200.1
165.7
90.8
72.4
49.9
24.9
34.5

200.4
165.9
90.3
71.8
50.3
25.3
34.5

198.7

196.4

164.3
88.2
69.7
50.6
25.5
34.4

162.0
86.3
67.9
50.2
25.5
34.4

195.9
161.2
85.4
67.1
50.0
25.8
34.7

196.3
161.2
84.6
66.5
50.2
26.4
35.1

200.3
165.0
87.0
68.7
50.8
27.2
35.4

4.9

5.2

5.5

5.7

6.0

6.2

6.3

6.4

6.7

7.0

7.2

7.1

7.3

7.3

7.3

7.5

7.7

39.7

40.8

43.1

43.3

44.0

45.0

43.3

44.3

46.0

43.7

44.0

43.4

42.7

43.0

43.8

42.8

43.5

44.0

13.7
26.0

14.9
25.9

15.7
27.4

15.9
27.5

15.9
28.0

16.6
28.4

14.7
28.6

15.3
29.0

16.7
29.3

13.7
30.0

13.5
30.5

13.1
30.3

12.4
30.2

12.8
30.3

13.6
30.2

12.0
30.8

12.5
31.0

11.9
32.0

9.1

9.4

9.6

9.9

10.1

10.4

10.6

10.9

11.2

11.4

11.6

11.9

12.2

12.4

12.5

12.7

8.7

Personal dividend income

9.2

9.5

8.4

8.7

8.2

8.7

8.6

8.8

8.4

9.2

9.0

8.9

9.4

8.9

9.3

9.5

Personal interest income

10.1

10.3

10.6

10.7

10.9

11.0

11.1

11.3

11.6

12.0

12.5

12.8

13.1

13.7

13.9

14.1

14.4

14.7

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance l
Other

10.7
.8

11.0
1.5

10.9

11.2
1.9

11.4

1.7

1.9

11.3
1.9

11.2
2.0

11.4
2.0

12.2
2.1

12.3
2.6

12.3
2.7

12.3
3.0

12.6
3.1

13.0
3.1

13.7
3.3

14.3
3.5

14.7
3.6

15.3
4.1

1.2
5.3
3.5
.6
2.9

1.0
4.8
3.6
.6
3.0

.8
4.5
3.9
.6
3.3

.8
4.6
3.9
.6
3.3

.9
4.7
3.8
.5
3.3

1.0
4.5
3.8
.5
3.3

1.1
4.0
4.1
.5
3.6

1.0
4.0
4.3
.5
3.8

1.2
4.7
4.1
.5
3.6

.9
4.6
4.2
.5
3.7

1.0
4.3
4.3
.5
3.8

.9
4.0
4.5
.5
3.9

.9
3.9
4.6
.5
4.1

1.4
4.1
4.4
.6
3.8

1.9
4.1
4.4
.6
3.8

2.3
4.1
4.4
.6
3.9

2.4
4.1
4.6
.6
4.0

2.3
4.3
4.6
.6
4.0

Less: Personal contributions for social insurance
Less: Personal tax and nontax payments

2.1

2.2

2.6

2.6

2.5

2.5

2.8

2.7

2.8

2.8

2.9

2.9

2.9

2.9

3.5

3.4

3.5

3.5

19.3

22.9

24.9

26.8

28.2

30.1

31.3

32.3

32.7

33.5

33.9

33.9

33.7

33.5

30.7

30.5

30.6

31.0
269.7

Equals: Disposable personal income

212.8

218.8

225.5

230.5

232.7

236.2

237.1

239.8

246.1

251.4

255.6

259.6

259.9

260.2

262.5

261.8

264.2

Less: Personal outlays

203.9

201.4

212.5

208.1

210.8

214.8

216.3

220.6

223.3

231.7

235.6

237.7

238.6

238.1

240.2

243.0

245.7

250.3

201.1
2.4
.4

198.5
2.5
.4

209.6
2.5
.4

205.3
2.5
.4

207.9
2.5
.4

211.8
2.5
.4

213.2
2.6
.4

217.4
2.8
.4

220.0
2.9
.4

228.2
3.1
.4

231.8
3.3
.5

233.6
3.5
.5

234.4
3.7
.5

233.9
3.8
.5

236.0
3.8
.4

238.8
3.8
.4

241.2
3.8
.7

245.9
3.9
.4

8.8

17.4

13.0

22.4

22.0

21.5

20.9

19.2

22.8

19.6

20.0

22.0

21.3

22.1

22.3

18.8

18.5

19.4

1,196.5

1,210.0

1,207.9

1,225.8

1,235.8

1,238.5

1,238.5

1,252.0

1,276.1

1,300.5

1,317.5

1,336.3

1,330.2

1,399
7,870
152.0

1,433
7,923
152.7

1,471
7,877
153.3

1,498
7,963
153.9

1,505
7,991
154.7

1,520
7,970
155.4

1,520
7,937
156.0

1,531
7,992
156.6

1,565
8,111
157.3

1,590
8,229
158.0

1,611
8,305
158.6

1,630
8,392
159.2

1,625
8,316
160.0

1,619
8,250
160.7

1,626
8,243
161.4

1,615
8,195
162.0

1,623
8,257
162.8

1,649
8,397
163.6

4.2

8.0

5.8

9.7

9.4

9.1

8.8

8.0

9.3

7.8

7.8

8.5

8.2

8.5

8.5

7.2

7.0

7.2

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




1,325.9 1,330.3 1,327.9 1,344.2 1,373.6

110

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1956

1955
Line

I

II

III

IV

I

II

1957
III

IV

I

II

1958
III

IV

II

I

1959
III

IV

1

II

1

306.3

313.6

321.1

326.1

331.1

337.3

342.2

349.5

353.3

3580

362.9

363.0

362.5

364.8

373.9

378.9

384.8

393.7

Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

2
3
4
5
6
7
8

204.0
168.6
89.5
70.8
51.5
27.6
35.5

209.8
173.6
92.6
73.1
52.8
28.3
362

215.2
177.8
94.3
74.6
54.4
29.2
374

219.4
182.2
96.8
77.1
55.6
29.9
37 2

223.3
185.4
98.0
77.5
56.9
30.5
37 8

227.5
189.0
100.0
78.6
57.8
31.2
385

229.9
190.8
100.9
79.3
58.1
31.8
39.2

235.3
195.7
104.3
82.5
59.0
32.4
39.6

238.2
198.0
105.0
83.2
59.8
33.1
402

239.6
198.9
104.8
82.8
60.5
33.6
40 7

241.8
200.3
104.9
82.9
61.3
34.1
41 5

240.1
198.5
102.9
81.1
61.3
34.4
41 6

236.7
194.7
99.2
77.9
60.6
34.9
420

236.2
193.2
97.4
76.3
60.1
35.6
431

243.8
197.7
100.5
79.0
61.1
36.1
461

248.4
203.2
104.0
81.6
62.5
36.8
452

254.0
208.6
107.5
84.8
63.7
37.4
45 4

260.5
214.7
111.3
88.1
65.1
38.3
458

Other labor income

9

8.0

8.3

8.8

9.0

9.3

9.7

10.3

10.6

10.8

11.1

11.6

11.9

11.7

11.8

12.1

12.4

127

13 2

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

10

45.0

45.4

45.7

45.8

45.7

46.6

47.5

48.0

47.7

48.7

49.8

49.7

51.1

51.3

51.5

51.8

51.6

52.0

11
12

12.0
330

11.8
336

11.3
34 4

10.8
35.0

10.6
351

11.1
35.5

11.8
35.8

11.6
36.4

10.4
37 3

11.0
37 6

11.8
381

11.9
37.8

13.4
37.7

13.3
380

13.0
385

12.6
392

11.7
399

10.8
41 1

Rental income of persons with capital
consumption adjustment.

13

12.7

12.7

12.8

12.9

13.0

13.0

13.2

13.3

13.5

13.7

13.8

14.0

14.3

14.4

14.5

14.6

14.6

15.1

Personal dividend income

14

10.0

10.2

10.8

10.9

11.2

11.2

11.2

11.6

11.6

11.8

11.9

11.7

11.6

11.7

11.7

11.4

12.1

12.5

Personal interest income

15

15.0

15.4

15.9

16.3

16.7

17.3

17.6

18.0

18.5

19.1

19.8

20.2

20.4

20.6

21.3

21.8

21.8

22.5

Transfer payments to persons
Old-age, survivors, disability, and health insurance

16
17

15.4
4.4

15.6
4.8

15.8
5.2

15.8
5.2

16.2
5.3

16.3
5.5

16.8
5.8

17.0
5.9

17.9
6.4

19.1
7.5

19.3
7.5

20.5
7.8

21.9
8.0

23.8
8.4

24.1
8.6

23.6
8.8

23.9
9.7

23.9
10.0

Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance *
Other

18
19
20
21
22

1.9
4.4
4.7
.6
41

1.5
4.5
4.8
.6
42

1.4
4.5
4.8
.6
42

1.4
4.4
4.9
.6
43

1.4
4.5
4.9
.6
43

1.5
4.4
5.0
.6
4.3

1.6
4.4
5.0
.6
4.4

1.6
4.3
5.2
.7
45

1.7
4.5
5.3
.7
46

1.6
4.5
5.4
.7
47

1.8
4.5
5.5
.7
48

2.5
4.6
5.6
.8
4.9

3.4
4.6
5.9
.8
5.1

4.5
4.8
6.0
.8
5.2

4.8
4.6
6.0
.9
52

3.9
4.6
6.2
.9
53

3.1
4.7
6.5
.9
56

2.6
4.6
6.6
.9
57

Personal income

23

3.8

3.9

4.0

4.0

4.3

4.3

4.3

4.4

5.0

5.0

5.1

5.0

5.0

5.0

5.1

5.1

5.9

6.0

24

31.9

33.0

33.9

34.8

35.9

36.8

37.5

38.5

39.2

39.6

39.9

39.5

38.9

38.4

39.6

40.0

41.2

42.4

Equals: Disposable personal income

25

274.3

280.6

287.2

291.4

295.1

300.5

304.7

311.0

314.0

318.4

323.0

323.5

323.6

326.4

334.2

3389

343.6

351.3

Less: Personal outlays

26

256.6

261.9

266.3

270.5

272.3

275.1

278.4

283.9

288.4

290.7

295.4

297.2

296.9

299.8

304.8

308.8

316.6

322.9

27
28
29

252.1
4.1
.4

257.1
4.3
.4

261.3
4.6
.4

265.3
4.8
.4

266.9
5.0
.5

269.6
5.1
.5

272.8
5.1
.5

278.2
5.2
.5

282.5
5.3
.5

284.8
5.4
.5

289.4
5.5
.5

291.1
5.6
.5

290.8
5.6
.4

293.8
5.6
.4

298.9
5.5
.4

302.8
5.6
.4

310.4
5.8
.4

316.5
6.0
.5

30

17 7

18.7

20.9

20.9

22.8

25.3

26.2

27.1

25.6

27.6

27.6

26.3

26.8

26.6

29.4

301

269

284

Less: Personal contributions for social insurance
Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personaltransfer payments to the rest of the world
(net)
Equals* Personal saving
Addenda:
Total, billions of chained (1996) dollars2

31

Current dollars
Chained (1996) dollars
Population (mid-period, millions)

32
33
34

1,670
8,479
164.3

1,701
8,630
164.9

1,733
8,759
165.7

1,750
8,818
166.5

1,765
8,857
167.2

1,790
8,922
167.9

1,806
8,918
168.7

1,835
9,006
169.5

1,845
8,974
170.2

1,863
9,002
170.9

1,881
9,021
171.7

1,876
8,948
172.5

1,869
8,808
173.1

1,878
8,828
173.8

1,915
8,984
174.5

1,933
9,057
175.3

1,952
9,086
176.0

1,988
9,221
176.7

35

6.5

6.7

7.3

7.2

7.7

8.4

8.6

8.7

8.2

8.7

8.5

8.1

8.3

8.2

8.8

8.9

7.8

8.1

Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




1,392.7 1,423.3 1,451.1 1,468.1 1,480.9 1,497.8 1,504.1 1,526.5 1,527.5 1,538.6 1,548.7 1,543.1 1,524.7 1,534.1 1,568.1 1,588.0 1,599.5 1,629.6

111

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1922-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97--Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1960

1959

1562

1961

1963

395.9

401.6

407.8

412.4

414.6

416.2

420.0

425*

433.1

442,0

44&0

455*

461*

466.7

471.4

476*

483.6

492.9

260.9
2147
110.0
87.
65.6
39.1
465

263*
217.2
110.
87.6
66.2
40.3
46.

270J
223.0
114.8
91.4
67.S
40.6
47.7

273.4
2248
114.5
908
688
41.4
48.6

273.9
224.1
113.0

2734
2228
111.
87.6
66.9
42.
50.5

273.8
222.7
110.6
87.0
68
43.4
51.1

2773
225.8
112.8
88.9
69.0
44.1
51.8

282.2
229.5
114.8
90.6
70.0
44.6
52.8

288,4
234.
117.8
935
70*
453
54.1

2935
238.0
119.6
94.9
72.0
46.4
55.3

2987
242.8
122.3
96*
73.1
47.4
55.9

301.1
2447
123.1
97.4
737
47*
56.4

3045
246*
1237
97*
74.4
483
57.6

307*
249.3
1247
98.8
75.1
49.6
58.6

312*
253.0
126.4
100.0
763
503
593

316.6
2567
128.3
1015
77.3
51.0

3225
2603
130.0
102.9
78.3
51.9
61.9

Other labor Income

13.6

13.9

PropfwUm Income with Inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

51.6

Personal Income
Wage and salary disbursements
Private industries
.......„.„
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

.....
,.,,,,.,....

Rental Income of persons with capital
consucnptlon adjustment.

42.1
49.8

14.1

14.3

14.5

14.6

14.8

15.1

15.4

157

165

163

16*

175

MA

17*

185

16*

51.0

51.9

52.0

523

53i

53.6

543

55*

55*

56.1

56.7

57,1

57*

57.1

57*

595

10.9

10.3
40.8

11.3
40.6

11.8
40.

12.4
40.1

12.3
41

11.5
42.0

11.9
42.6

12.6
43.3

125
437

11.8
44.3

11.9
44.8

12.3
447

12.1
44.9

11.7
45.4

117
46.1

123
47.0

157

16.0

16.1

17*

17.3

173

17.7

IB*

18.1

183

165

18.6

155

41.4
155

167

12*

13*

13.2

13.2

133

13.6

13.6

13*

143

14*

15*

Personal interest Income

23.4

24.4

25.3

253

25.6

26.0

26.2

26*

27*

283

263

29.7

Transfer payments to persons
OH-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance'
Othef

245
10.3

24*
10.6

24.6
10.8

25.3
11.0

26.0
11.3

27,0
11.5

28.9
12.0

297
12.3

29*
2

29.4
13.4

30*
13.8

30*
14.t

25
45
6.7
.9
5.8

2.8
45
6.9
*
5.9

2.5
4.5
6.9
10
5.9

27
4.5
7.0
1.0
6.0

3.1
4.6
7.1
1.0
6.1

3.6
4.7
11
1.0
6.2

4.1
5.5
7.4
t.1
6.3

5.1
4.8
7.5
1.1
6.4

4.3
5.1
77
12
6.5

37
4.5
78
1.2
66

3.4
4.6
8.1
1.3
6.9

3.1
4.6
85
1.3
6.9

Personal dividend Income

.......

,

Personal consumption expenditures
*

*

Pereonaftransfer payments to the test of the world
(net).
Equals: Personal saving

,.......„,...,„.,

>...,...

Addenda:
Disposable personal income:
Total, billions of chained (1996) doflara^
Per capita:
Cufrent dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a penoentaQe ol disposable
personal income.
See footnotes and rate at the end of the table.




163

16*

33.4

345

30.4
143

31.1
14.8

323
14.9

315
155

31.7
15.4

323
15.5

3.0
4.6
8.4
1.3
7.1

3.0
4*
85
13
75

3.1
57
8*
1.3
7.4

3.0
4.5
8.8
13
75

1.^
45
8.9
1.4
7.8

2.9
4.6
95
1.4
7.8

6*

6*

7.2

75

75

12

7.3

7.3

7.4

73

7*

7*

8*

6*

11

95

9J

9.4

445

45.8

465

47.0

47.0

47.1

47.6

48.1

48*

50.1

51*

53.0

543

54*

55*

55*

55*

352*
-

MMM>iM*Mi.iiMMirTr--'i

16.1
32*

357.4

362.0

365.9

367.6

369.2

372*

378.4

365.1

3935

397*

4045

4124

416.6

42U

4283

437*

328.4

Equals: Disposable penonaf Income

Int&nost pftiu by pfifsons

IS*
31J6

43.1

Lesr Personal contributions tor social Insurance
Less: Personal tax and nontax payment*
Less: Personal outlays

15.4
31.7

330*

334.6

340.7

340*

343,0

3433

348.4

351.4

356*

384*

369*

374.1

380.6

3645

368*

3965

401,1

,321.7
63
.5

323.9
65
5

327.4
67
.4

333.3
7.0

333.3
7.1
.5

3355
12
.5

335.7
7.3
.5

340.6
7.3
.5

3433
7.3

350.8
7.5
.5

356.0
73
3

361.6
77
.6

365.6
8.0
.6

371*
85
.6

375.4
8.4
.7

379.5
87
.6

3865
9.1
7

391.1

243

265

27.4

25.2

26.7

26.3

293

30.0

33.7

34.4

33*

33*

31*

32.1

323

32.1

35*

1,627.0 1.6395 1,6577 1,666.5 1,6677 1,6675 1,680.6 1705.4

7

1729.4 1,764.4 1,777* 1,799.3 1*11.4 1,825.5 1,838.9 1.8575 1,8795 1,910.5

1,988
9,167
177.5

2,005
9,195
178.3

2.015
9,225
1797

2,029
9,241
180.3

2.030
9.209
181.1

2.030
9,165
181.9

2,042
9,202
182.6

2t064
9,302
183.3

2,092
9,394
184.1

2,127
9,543
184.9

2.145
9,582
185.6

2,171
9,663
1865

6.9

7.4

7.6

6.9

7.3

7.1

7*

7*

67

6*

63

83

2,183
9,691
1669

2,197
9,727
1877

2512
9,766
188.3

2530
9,831
188.9

2,259
9,910
189.6

2596
10,036
190.4

7,7

77

7.7

75

85

112

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2,1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1M6-97—Continued
(Billions of dollars; quarters seasonally adjusted at annual rates]
1964

1965

1967

1966

1966

Line
502.0

510.3

520.7

5297

328.
265.1
132.0
104.3
79.8
53.4
63.1

3345
270.7
135.0
106.5
815
54.4
64.1

341.2
275.8
137.6
108.7
82.8
55.3
65,5

346.8
279.9
139.2
109.6
84,3
56.4
66.8

Other labor Income

19.4

20,0

20.6

21.2

21.8

22.4

23.0

237

Proprietors' income with inventory valuation end
capital consumption adjustments.
Farm
Nonfarm

59.3

59.9

60.9

62.4

63.0

645

656

67.7

10.8
48.5

10.1
49.8

10.4
50.6

118
50,6

12.0
51.0

12.8
51.7

13.3
52.3

14.0
53.7

15.7
54.9

18.6

185

18.6

18.6

19.1

19.4

19.4

Personal income
Wag* and salary dlsburseflwnts
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

Rental Income of persons with capital
consumption •ajUHmwi.

549.2
352.8
285.4
142.9
1123
85.5
57.0
67.4

563.6

577.1

589.0

598.7

6124

625.7

655.7

6425

656,0

6675

6865

7065

353.8
290.3
144.9
1145
36.9
58.5
68.5

366.2
2957
147.1
116.3
88.4
60.2
70.4

377.1
304.0
151.4
119.4
90.6
62.0
73,1

3857
310.8
155.9
123,2
92.1
62.8
74.9

3955
319.0
160.6
1275
942
645
76.8

406.1
326.3
163.9
130.1
962
66.3
797

413.4
331.5
166.1
132.3
97.8
67,7
819

418.8
335.4
166.6
132,6
99.5
69.3
83.4

4235
338.6
166.7
132.6
100.8
7U
64.9

431J
344.9
189.5
134.6
102,3
72.9
87.0

4415
351.2
172.7
1375
103.9
74.6
90.3

454.1
361.5
178.0
141.5
106.5
76,9
927

4655
3707
182.3
1447
109.3
79.1
95.1

245

25.2

255

265

26.9

277

28.6

295

305

325

70.6

685

691

70.1

70.6

70,2

72.2

715

735

745

13.5
55.1

13.5
55.6

13.7
563

135
57.3

12.3
57.9

13.0
59.2

12.5
59.1

12.6
60.6

12.3
62.3

19.8

20.1

20.1

204

20.4

205

204

205

205

175

18.0

18.4

1B.9

19:2

19,9

205

21.2

214

20.9

205

20.0

21.1

217

22.1

225

23.4

Personal interest toon*

35.4

36.4

37i

38.3

39.3

40.4

41.4

41,9

43.2

44.6

45.9

475

48.3

485

495

505

52.1

535

Trantief peymenti to persons
Old-age, survivors, disability, and healtfi insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance'
Other

33.2
157

32.9
15.9

33,1
16.2

33.4
16.3

34.7
16.5

344
167

37.9
20.1

367
18.9

375
19.3

37.9
19.7

39.6
21.1

43.2
23.1

45.9
24.2

465
25.3

484
26.0

495
26.4

515
27,7

55.4
30.3

2.8
5.3
9.4
1.4
8.0

2.8
4.5
9.6
1.5
8.1

2.6
4.5
9.8
1.5
8.3

2.5
4,5
10.0
1.6
8.5

2.4
5.5
10.3
1.6
8.7

24
47
10.6
1.6
9.0

23
4.7
107
1.7
9.0

2.2
4.fi
10.9
1.7
95

20
5.1
11.4
1.7
9.6

1.7
4.5
11.9
1.8

1.9
5.4
12.9
2.0

25

2.1
5.8
175
2.8

11.8

2.2
5.3
14.8
2.3
12.5

2.1
5.5
15.5
2.5

10.9

2.1
65
13.3
2.1
11.3

2.3
5.3
14.0
25

10.1

1.9
4.5
12.2
1.9
10,3

Less. Personal contributions for soclef insurance

9.6

97

9.6

9.9

10.1

10.2

10.4

14.1

145

15.0

16.1

165

17.1

Personal dividend Income

.,,,.

Less: Personal tax and nontax payments
Equals: Disposable personal Income
Less: Personal outlays
Personal consumption expenditures
interest paid by persons
Personal transfer payments to the rest dl the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income;
Total, billions oi chained (1996) dollars3
Par capita:
Current dollars
Chained (1996} dollars
Population (mid-period, millions)
Personal saving as t percentage of disposable
personal Income
See footnotes and note at the end of the table.




13.0

5.9
16.1
2.6
13.5

14.4

174

18.1

187

54.5

505

52.4

54.0

577

59-2

57.8

59.1

62.4

665

685

715

724

72.1

75.1

775

795

825

4475

460.3

468.3

4757

431.9

490.1

505.8

513.0

5265

532.2

543.4

554.1

563.4

570.4

581.0

590.1

607.0

6235

4895
477.0
12.0

499.1

505.1
492.0
12.3

509.6

5195
505.5
12.4
1.3

5264

5335

5525

5665

496.3
12.4

512.7
12.6
1.0

520.3
12,8
.9

538.1
13.1

424

444

495

535

51.2

547

56.1

545

410.8

419.1

428.4

43U

442.2

449.6

4593

473.6

484.3

400.7
9.5
.7

408.6
9.8
.7

417.5
105
.7

420.1
10.4
7

430.9
10.6
.7

437.9
11.1
.8

4475

461.3
11.5
.8

471.8
117
7

36.7

41.2

39,9

44.4

39.6

40.3

465

445

42.3

4865
12.1
.8

551.9
13.6
.9

1,947.6 1,999.4 2.027.8 2.052.6 2,071.8 2,096.4 2,155.3 2500.4 2519.3 2524.6 2,254.0 2580.5 2,3t2.6 2,329.9 2,351.4 2,367.9 2,409.5 2.4515
2,344
10,199
191.0

2.403
10.438
191.6

2,436
10,547
192.3

2.465
10,638
192.9

2,491
10709
193.5

2.526
10,807
194.0

2,599
11,073
194.6

2,653
11568
195.3

2,690
11.337
195.8

2,711
11,334
196.3

2,760
11,449
196.9

2,806
11.548
197.5

2,846
11.6S2
198.0

2,874
11,740
198.5

2,919
11.816
199.0

2,957
11,865
199.6

3,035
12,048
200.0

3,111
12528
200.5

S,2

85

85

9.3

8.2

8-2

9.2

85

8.0

8.0

8.2

85

95

9.0

9.4

95

9.0

92

113

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Tabfe 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1969

1968
Line

1971

1970

III
Personal income

IV

1

1
1

11
1

IV

1

1
1

11
1

1

724.7

7393

7533

771.7

791J

8062

617.1

8383

6505

2
3
4
5

489.4
3594
150 9
114.9
539
100.0

4993
3978
194.1
1533
117.1
86.6
1012

5113
4083
196.9
1564
120.4
89.0
103.0

526.4
4183
203.3
1601
1232
916
108.1

536.4
4266
205.4
1612
1262
951
109.8

5425
430.7
205.5
160.8
128.4
969
111.8

551.1
4326
204.3
1596
129.9
953
115,6

556.0
437.4
204.4
158 7
132.8
1002
115.6

1972

I

1
1

11
1

IV

t

1
1

III

IV

8565

877.6

9002

9123

9293

957.6

974.0

1,0003

1,0445

5563
436.6
200.7
1545
133.8
102.1

580.0
454.5
208.4
1602
139.4
1067
125.5

5883
4604
209.8
160.5
141.7
106.9
127.6

597.4
468.5
212.9
162.9
144.0
111.6
129.0

6193
454.6
221.0
1692
149.1
114.6
134.6

6303
495.0
225.7
173.7
151.4
118.0
135.7

6425
5042
229.1
176.4
154.1
121.1
135.3

IV

662.1
521.0
237.2
183.1
158.6
125.0
141.1

Wage and salarydisbursements
P r i v a t e i n d u s t r i e s ..
Goods-oroducinQ industries
Manufacturing
Distributive industries
S e r v i c e i n d u s t r i e s .. .
Government

7
8

4783
3796
185.6
147 0
112.4
61 5
98.7

m.6

5703
446.3
2052
155.6
136.5
104.6
123.8

Other labor Income

9

333

343

343

363

37.1

38.4

393

412

42.6

443

455

47.1

45.8

505

52.6

54.4

562

58.0

rropneiors tnconw wim invemoryvarumion am

10

76.6

773

775

783

795

79.4

793

785

805

613

82.6

85.1

867

90.1

905

935

99.1

107.4

11
12

130
63.6

13.3
64.0

12.8
64.7

13.9
65.0

14.5
65.1

15.4
64.0

15.1
642

13.6
64.7

14.5
65.9

13.9
67.1

14.4
68.1

14.8
70.3

14.5
72.1

16.0
74.1

15.0
75.5

172
76.5

197
79.3

23.1
842

Rental Income of persons with capttsl
consumption adjustment.

13

203

20,1

203

203

20.4

203

202

193

205

20.7

20.6

21.1

213

215

213

19.1

227

223

Personal dividend Income

U

24.0

241

24.0

24,1

243

24.6

245

243

242

24.2

25.0

253

252

243

26.1

26.4

27.1

277

Personal Interest Income

15

54J6

563

593

614

635

654

675

703

734

745

76,2

773

783

763

503

82.4

855

887

16
17

312

58.2
313

593
32.4

603
32.9

611
33.1

635
33.3

655
33,9

75.7
41.1

76.1
39.1

80,1
39.7

823
40.4

89.7
46.4

897
45.1

915
45.9

945
46.5

943
47.1

96.1
48.1

1063
56.5

15
19
20
21
22

2.1
59
17 7
29
14.7

182

2.1
61

22
64
18.9
15 J

2.2
68
200
3.6
16.3

2.4
70
20.8
3.9
16.9

2.8
70
21.8
42
17.7

3.7
75
234
4.6
15.8

4.3
79
243
5.1
19.7

5.1
63
27.0
5.5
21.5

5.4
85
27.7
5.9
21.9

5.9
6.6
28.7
6.1
22.6

5.9
8.9
29.6

152

2.1
67
193
3.4
t5.9

6.0
9.0
30.6
6.5
24.1

S2
10,1
31.7
6.8
25.0

6.4
9,0
32.3
6.9
25.4

5.4
92
33.5
7.0
26.5

4.7
107
34.4
7.1
27.4

23

183

112

203

21.2

21.6

213

223

214

223

22

24.4

241

245

25.1

275

273

283

28.6

24

93.1

97.1

1033

1073

1055

107,1

1063

1073

1022

103.1

993

1014

104.0

1072

121.7

125.4

1263

129,2

Equals; Disposable personal Income

25

6315

6418

64S3

664.7

686.1

699.t

711.1

7312

7483

755.4

777.«

7973

8083

6225

8353

848.7

874.6

9153

Less* Persona] outlays

26

583.2

5914

6043

6163

6275

6395

651.4

6615

6743

6803

7002

714.6

727.4

7442

7613

780,6

799,4

625.0

27
28
29

568.0
141
1.1

576.9
14 6
1.0

588.9
15.1
1.0

6002
15.6
12

610.5
159
1.1

622.5
16.3
12

633.7
12

643.6
167
1.3

655.8
16.9
1.3

662.5
171
12

681.7
17.3
12

695.7
17.6
1.3

708,0
18.0
1.4

724.3
13.5
1.4

741.7
13.8
1.3

759.9
19.4
1.4

7782
19.9
1.3

503.1
20.5
1.4

30

483

504

453

473

585

592

59,6

695

743

745

774

333

81.4

78.4

74.1

663

75.1

903

31

2,457.9

2,474.3

2,477.5

2,5015 2 , 5 5 0 2

2,568.1

2,581.9

2,626.0

2,661.1 2 , 6 5 0 . 9

2.703.5 2 , 7 4 2 . 6

2.752,9

2,782.1

2,797.6

2,622.9

2,883.6

2.993.0

32
33
34

3,142
12,228
201.0

3,190
12277
2015

3218
12.267
202.0

3.284
12.35$
202.4

3,380
12,563
203.0

3,434
12,614
203.6

3,484
12,651
204.1

3,672
12,827
204.7

3,643
12,954
205.4

3.665
12,560
206.1

3,761
13.075
2068

3.845
13,226
207.4

3,885
13235
208.0

3,942
13.334
208.6

3,997
t3,376
209,1

4,048
13,466
209.6

4,161
13,720
2102

4,343
14202
210.7

35

77

73

72

85

8.4

95

93

93

103

10.4

10.1

95

8 3

83

8.6

9.9

Farm
Nonfarm

Old-age, survivors, disability,and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer Davments
Family assistance•

Sw

a5WttaTOJ

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons .
PefsonalFansier payments to the rest of the world
(net).
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 1
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period millions)
Personsl saving as i percentage of disposable
personaHncome.
See footnotes and note at me end of the table.




6

3.0

3.3

165

J6

235

114

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 192£-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1973

1974

1976

1975

1977

Une
I

in
1,067.1 1,096.8 1,125,5

Personal income

mi

Wage and salary disbursement*
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

533.4
246.1
189.6
163.8
1284
144.8

700.2
553.1
252.6
194.5
168.4
132.1
147.2

1,164.4 1,182.0 1,207.8 1,244.4 1,2685 1,281.0 1,310.9 1,348.4 1,3865 1,424.6 1,4532

716.1
566.6
258.6
198.3
172.4
135.7
149.5

735.3
582.0
2662
203.8
176.6
139.3
153.3

748.1
5925
27Q.2
205.9
180.0
142.4
155.5

765.7
607.1
275.4
210.7
185.0
1467
158.6

784.4
621.8
2S0.9
215.9
189.8
151.1
162.6

792.3
625.6
279.2
214.9
192.3
154.1
166.7

791.7
621.4
271.1
205 8
192.5
157.8
170.3

800.1

625.9
270.7
206.6
194.3
160.9
174.2

821.0
643.5
278.3
2t32
200.1
165.1
177.6

8455
663.6
238.3
220.8
205.6
1697
181.9

671.0
686.4
300.1
230.1
212.0
174.3
184.5

889.1
702.1
3062
235.4
216.9
179.1
187.0

98.1
129.8

1025

59.6

61,6

63.8

71.7

74.8

78.1

81.7

855

895

93.8

112.4

116.2

66.2
124.6

6B.8

107,8

1185

111.3

115.2

116.8

115.0

1175

125.0

129,0

23.2
84.5

28.8
836

31.5
84.7

39.3
85.3

30.7
87.8

21.8

22.9
92.3

252
91,7

20.9
94.1

21.7
95.8

25.6
99.3

25.8
1032

21.0
108.8

23.2

23.3

22.5

235

235

22.8

23.0

22.7

22.3

22.1

22.0

21.7

Personal dividend Income

28.4

315

325

33.3

335

33.4

32.9

32.6

32.8

33.3

91.2

29.3
945

30.4

Personal Interest Income

100.2

104.3

104.9

114.1

116.4

123.1

125.6

1255

12S.6

1315

108.6
582

110,8
59.7

112.5

115.6
62.5

121.2

129.1
69.1

136.1
72.8

142.9
75.0

1535
76,5

169.1
78.1

172.2
84.9

175.0

44
10.3
35.7
7.1
28,6

4.3
102
36.6
12
29.4

4.3
10.4
36.7
12
29.4

4.6

5.6
11.0
40.8

6.5
11.0
42.6
7.7
34.8

12.1
44.7
8.1
36.6

8.3
13.2
46.4

13.8
14.3
49.3
8.9
40.4

18.9
14.0
58.1
9,1
49.0

19.6
14.5
532
9.4
43.8

18.2
15.1
55.5
9.8

34.9

35.4
131.2
965.6
866.4

886.0

903.1

843.1
22.1
^2

661.9
22.8
1.2

en .2

Olhef labor Income
Proprietors' Income with inventory valuation ind
capital consumption adjustments.
Farm
Nonfann
Rental income of persons with capital
consumption adjustment.

Transfer payment* to persons
Otd-age. survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance1
Other
Less: Personal contributions for social Insurance
Less: Personal tax and nontax payments

128,5

Equals: Disposable personal Income

938.6

Less: Personal outlays

850.4
827.9

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world

21.4
12

my
Equal!: Personal saving
Addenda:
Disposable persona) income:
Total, billions of chained (1996) dollars3
Per capita:
Current dollars ...
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal Income,
See footnotes and note at the end of the table.




36.1
136,1
989.4

10.8
37.7
7.4
30.4

365
142.0

63.8

85

7.6
232
395

40.2

41.1

41.2

41.9

42.0

145.0

151.2

157.3

160.0

1605

123.7

3B.0

1,022.4 1,037.0 1,0565 1,087.2 1,108.2 1,1205

103.4

949.0
923.6

116.6

23.4
2.5

9205
895.4
23.8
1.3

929.7

949.5

719.0
312.8
240.8
2222
184.0
1S92

735.8
319.8
245.9
227.0
189.1
193.8

753.3
328.1
253.1
231.8
193.4
196.5

951.4
24.5
1.3

959J2
24.5
1.3

984.4

107.6

109.9

123.2

110.4

1075

112.6

118.0

123.0

139.7

144.1

1445

18.6
113.2

17.6
1182

17.4
1222

18.4
1257

15.7
128.7

21.7

21.0

21.4

21.9

20.4

36.1
134.6

38.1

39.9

41.8

425

43.3

1392

142.3

145.9

152.9

156.0

179.1
882

177.7
89.4

184.9

167.6

982

1905
99.7

191.4
101.7

17.0
15.9
58.0
9.9
48.0

15.7
14.3
58.3
10.1
482

95.7
15.5
13.4
60.2
102
50.0

14.9
13.8
607
102
505

14.9
14.5
61.5
105
51.0

12.8
13.8
63.1

10.6

42.8

45*

465

47J

48,1

502

515

1555

161.4

1652

172.1

m.o

185.7

1915

198.9

1,102.3 1,138.1 1,158.7

1,4115

12252 1,261.8 12915

1,0137 1,0472 1.076.0 1,111.1 1,131.1 1,160.8 1,196.1 1231.6
245
26.3
28.8
250
27.0
242
25.6
277
1.4
1.3
1.4
1.3
1.1
1.3
1.4
1.4
148.1

198.9
199.4

45.7
43.6

985,0 1,010.1 1,039.1

24.1
1.3

980.6
7812
342.8
2637
239.6

135.9

1,167.1 1,192.9 1,225.1 1,259.4 1281.1 1,3133 1,345.2

977.2

24.4
1.3

862

1530.9 1569.7 1,610.4

9062

119.7

122,8

121.4

1225

1247

120.0

116.0

1260.3
30.0
1.4
1195

3,031.9 3,059.6 3,079.3 3,118.3 3.072.1 3,045.5 3.053.3 3.036.7 3,015.0 3.156.6 3,114.9 3,147.6 3201.9 3229.0 32597 3,283.5 3,305.4 3,326.3
,

4,444
14,356
211.2

4,562
14,455
211.7

9.4

10.3

4,663
14,512
212.2

4,807
14,660
212.7

5,795

4.865
14.413
213.1

4,947
14.258
213.6

5,077
14,258
214.1

5.161
14,144
2147

5,208
14.014
215.1

5,505
14,638
215.7

5,515
14,402
216.3

5.650
14.515
216.8

14.734
217.3

5,883
14,827
217.8

6,017
14,930
218.3

11.2

10.2

10.1

11.1

9.9

125

10.0

10.0

9.6

9.6

95

6,145
14,999
218.9

6,279
15,064
219.4

6,417
15,125
22Q.0

8.4

85

115

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1 .—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Oontinued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1977

1978

1979

1980

1981

Line

IV

IV

1,656.3

1,712.1

1,755.7

1,821.0

1,879.4

1,937.0

1,996.8

2,041.2

2,108.6

2,179.4

2,248.1

2,268.8

2,339.0

1,007.2

1,037.9
827.9
360.9
278.5
253.7
213.4
210.0

1,063.9
850.2
367.5
285.4
261.4
221.3
213.7

1,106.2
889.3
388.5
295.7
271.2
229.6
216.9

1,137.3
916.5
399.9
303.7
278.4
238.2
220.8

1,175.7
948.8
414.3
315.4
288.6
245.9
226.8

1,209.9

803.8
352.5
271.6
245.9
205.5
203.4

979.1
426.9
325.4
297.6
254.6
230.8

1,237.0
1,003.2
437.6
331.8
302.9
262.7
233.8

1,270.8
1,032.7
448.0
338.8
312.1
272.6
238.1

1,305.4
1,059.7
457.0
344.8
321.5
281.3
245.7

1,338.4
1,087.1
466.1
351.6
328.8
292.2
251.2

1,354.6
1,097.1
463.9
349.5
331.4
301.8
257.5

1,380.3
1,117.5
468.6
353.2
337.3
311.5
262.8

Other labor income

127.8

132.5

136.7

141.2

145.7

150.3

154.7

159.8

165.1

182.8

147.7

157.0

160.2

170.9

174.3

174.8

181.2

181.9

185.1

170.7
186.5

177.2

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

180.3

164.3

15.1
132.6

20.6
136.4

20.4
139.8

22.5
148.4

22.2
152.1

21.0
153.8

25.3
156.0

23.3
158.6

23.9
161.3

22.4
164.1

14.6
165.7

19.7

19.6

21.6

21.0

23.2

23.9

26.0

22.6

22.1

27.1

32.1

Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

Rental income of persons with capital
consumption adjustment.

2,439.8
1,436.6

2,510.6

2,549.5

2,652.3

2,685.1

1,474.5
1,196.0
501.4
377.8
359.5
335.1
278.5

1,502.1
1,220.2
511.1
387.9
366.1
343.0
281.9

1,534.7
1,248.3
522.3
393.0
372.8
353.2
286.3

1,557.6

1,163.0
490.7
370.4
349.2
323.1
273.6

188.2

193.4

197.8

202.6

207.2

211.8

176.9

188.7

193.0

181.8

189.8

180.3

4.9
159.5

13.3
163.7

19.7
169.0

19.3
173.7

19.5
162.4

24.5
165.3

18.1
162.2

32.3

28.6

32.2

39.6

38.1

38.8

42.0

75.8

77.6

372.5

380.8

326.7
190.6
14.9
16.0
105.1
13.2
91.9

329.3
192.7

1,262.1
523.4
391.8
375.7
363.0
295.5

Personal dividend income

45.6

46.8

48.2

49.4

51.7

53.6

55.3

64.2

172.5

179.2

186.8

194.6

204.6

216.3

58.0
236.8

61.7

164.0

56.9
226.3

59.6

Personal interest income

254.6

276.0

282.5

64.6
282.5

65.4
304.7

68.6
322.2

72.6
335.3

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance'
Other

196.8
108.4

199.5

203.2
111.4

204.7
112.3

213.2
119.5

216.2
121.8

221.4
123.8

226.0
126.4

241.6
137.5

247.9
139.6

258.3
142.3

263.5
144.6

295.5
163.4

298.9
166.4

304.8
171.1

308.2

11.1
14.1
66.7
10.8
55.9

9.7
13.6
69.1
10.9
58.2

8.8
14.1
71.5
10.7
60.8

9.6
14.5
73.6
10.8
62.8

9.3
14.2
76.1
10.9
65.2

9.7
14.4
80.1
11.2
68.9

10.5
14.7
83.0
11.5
71.6

11.9
14.8
89.3
11.8
77.5

15.7
14.7
88.6
12.2
76.4

18.9
15.0
98.3
12.9
85.4

17.8
15.7
99.0
13.1
85.9

16.4
16.0
101.4
12.9
88.5

15.5
15.9
103.3
13.0
90.3

62.0

68.1

70.9

72.3

75.8

80.1

91.1

93.1

94.3

257.8

279.2

289.1

75.5
296.7

77.6

251.2

306.9

323.9

336.2

348.3

362.7

358.7

1,829.3

110.0
11.4
13.7
64.4
10.7
53.7

173.4

52.6

53.7

201.9

211.9

57.4
215.6

226.8

9.3
13.6
70.7
10.7
59.9
60.5
240.2

Equals: Disposable personal income

1,454.4

1,500.2

1,540.0

1,594.1

1,639.2

1,685.8

1,739.1

69.3
266.3
1,774.9

1,959.0

1,972.1

2,032.1

2,115.9

2,174.4

2,201.2

2,289.6

2,326.4

Less: Personal outlays

1,324.4

1,363.8

1,395.8

1,457.0

1,492.2

1,532.5

1,574.9

1,611.9

1,667.1

1,715.6

1,766.7

1,769.9

1,828.3

1,891.7

1,950.3

1,985.8

2,031.5

2,049.2

1,291.9 1,329.9 1,359.8 1,419.0
36.5
31.2
32.6
34.6
1.3
1.5
1.3
1.3

1,452.1
38.5
1.5

1,490.6
40.3
1.7

1,531.5
41.9
1.5

1,566.9
43.6
1.4

1,620.1
45.4
1.6

1,666.5
47.2
2.0

1,716.0

1,777.1

48.9
1.8

1,719.3
48.9
1.8

1,839.2
50.5
49.4
2.0
1.8

1,893.1
52.1
5.1

1,926.7 1,970.5 1,986.4
53.8
55.5
57.0
5.3
5.5
5.9

Less: Personal contributions for social insurance
Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




11.5
13.3
63.6
10.7
52.9

59.1

16.6
16.4
103.5
13.4
90.1

130.1

136.4

144.2

137.1

147.1

153.3

164.1

163.0

162.2

174.0

192.3

202.2

203.8

224.2

224.1

215.5

258.1

277.2

3,376.5

3,433.8

3,466.3

3,513.0

3,548.1

3,582.6

3,620.7

3,607.1

3,628.8

3,657.8

3,678.5

3,612.2

3,637.6

3,703.8

3,713.5

3,696.6

3,777.0

3,777.2

6,594
15,308
220.6

6,782
15,524
221.2

6,946
15,634
221.7

7,172
15,804
222.3

7,353
15,915
222.9

7,540
16,024
223.6

7,758
16,153
224.2

7,898
16,050
224.7

8,115
16,098
225.4

8,357
16,177
226.1

8,639
16,222
226.8

8,673
15,885
227.4

8,910
15,950
228.1

9,252
16,196
228.7

9,489
16,205
229.2

9,584
16,095
229.7

9,942
16,400
230.3

10,075
16,358
230.9

8.9

9.1

9.4

8.6

9.0

9.1

9.4

9.2

8.9

9.2

9.8

10.3

10.0

10.6

10.3

9.8

11.3

11.9

116

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^97
Table 2.1 .—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1982

1983

1985

1984

Line

II

III

I

IV

2,709.4

2,754.0

2,786.4

2,823.7

2,853.6

2,909.2

2,968.6

3,056.2

3,152.0

3,239.9

3,327.6

3,379.7

3,447.2

3,489.3

3,528.1

3,595.4

1,573.2
1,272.9
521.6
390.1
379.9
371.3
300.3

1,586.8

1,611.8
1,296.1
505.3
379.8
391.1
399.7
315.7

1,629.2
1,310.2
509.1
384.2
392.0
409.1
319.1

1,662.7

1,747.8
1,418.3
551.0
419.6
421.9
445.5
329.5

1,877.2
1,525.9
593.3
450.4
450.5
482.1
351.3

1,946.0

1,454.9
567.9
432.3
430.7
456.3
338.5

1,837.4
1,493.1
582.3
442.0
441.3
469.5
344.3

1,910.3

1,338.7
517.6
393.6
401.3
419.7
324.0

1,699.1
1,371.8
533.0
405.4
407.6
431.3
327.3

1,793.4

1,282.5
518.5
388.0
384.2
379.8
304.3

1,601.9
1,293.0
512.9
385.0
388.3
391.8
308.9

1,554.0
601.0
457.0
458.5
494.5
356.3

1,580.9
612.1
463.9
464.9
504.0
365.1

1,977.0
1,606.3
615.9
464.6
473.1
517.3
370.8

2,008.9
1,632.5
621.7
468.9
479.8
531.0
376.5

2,049.7
1,667.0
631.3
476.4
488.2
547.5
382.7

Other labor income

216.7

220.9

224.9

228.7

231.5

235.8

240.7

246.3

253.4

259.4

265.1

270.6

275.6

280.3

284.6

288.7

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

170.5

179.5

179.1

190.3

189.0

193.1

194.9

204.8

235.8

249.1

257.5

247.7

266.3

263.9

265.4

272.5

15.4
155.1

14.0
165.5

13.1
166.0

15.3
175.1

14.0
175.0

8.9
184.1

1.2
193.8

4.6
200.2

20.5
215.3

22.2
227.0

21.2
236.2

22.7
225.1

23.2
243.1

21.0
243.0

20.0
245.4

22.0
250.5

41.6

38.5

40.1

38.0

37.6

37.5

34.8

37.9

37.1

35.4

40.1

45.4

41.7

40.3

37.9

36.5

Personal income
Private industries.
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

Rental income of persons with capital
consumption adjustment.
Personal dividend income

76.5

74.7

75.2

77.9

80.1

82.0

84.8

87.0

90.9

90.9

92.5

95.3

97.0

98.3

99.5

Personal interest income

394.2

408.1

404.0

400.2

409.5

417.5

440.9

458.5

471.2

494.5

523.2

532.4

538.7

545.4

543.3

558.0

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance1
Other

334.8
194.9

344.2
197.5

360.9

376.7
216.4

379.9
217.2

385.5
220.6

380.1
222.0

383.3
226.9

387.6

390.9
234.4

393.3
235.8

401.9

414.4

209.4

241.2

249.1

417.8
251.4

423.9
256.3

427.5
256.8

19.1
16.3
104.5
12.8
91.7

23.9
16.2
106.6
12.7
93.9

26.0
16.3
109.2
12.9
96.4

31.8
16.6
111.9
13.2
98.7

30.1
16.9
115.7
13.6
102.1

31.9
16.6
116.4
13.8
102.7

23.2
16.6
118.4
14.0
104.4

19.8
16.6
120.1
14.1

108.3

15.0
16.5
125.9
14.2
111.7

15.7
16.4
128.6
14.5
114.1

16.7
16.9
131.7
14.9

106.0

15.6
16.4
124.6
14.6
110.0

116.9

15.8
16.8
133.9
15.0
118.8

14.9
16.6
136.1
15.3
120.8

138.7
15.5
123.2

Less: Personal contributions for social insurance

98.1

98.8

99.7

99.9

103.3

104.9

106.7

109.4

115.3

117.7

119.6

121.1

130.8

132.4

359.0

366.5

357.2

363.9

358.4

367.5

353.7

364.2

370.0

379.6

393.5

405.6

442.4

Equals: Disposable personal income

2,350.4

2,387.6

2,429.2

2,459.9

2,495.2

2,541.8

2,614.9

2,692.1

2,782.0

2,860.3

2,934.1

2,974.1

3,004.9

Less: Personal outlays

2,086.6

2,113.4

2,159.4

2,218.9

2,256.6

2,329.9

2,392.2

2,454.1

2,506.0

2,563.3

2,601.1

2,654.1

2,721.3

2,023.0
57.4
6.2

2,048.8
58.1
6.5

2,093.7
59.0
6.7

2,151.7
60.6

2,188.4
62.0
6.2

2,260.0
63.2
6.7

2,319.4
65.7
7.1

2,377.9
69.0
7.2

2,427.1
71.4
7.5

2,481.4
74.2
7.7

2,517.1
76.4
7.6

2,568.0
78.1
8.0

263.8

274.2

269.9

240.9

238.6

211.9

222.7

238.0

276.0

297.0

332.9

3,769.4

3,791.4

3,799.4

3,806.4

3,831.2

3,857.8

3,928.6

4,010.2

4,103.0

4,182.4

10,158
16,290
231.4

10,295
16,349
231.9

10,448
16,342
232.5

10,554
16,331
233.1

10,684
16,404
233.5

10,861
16,484
234.0

11,146
16,746
234.6

11,448
17,053
235.2

11,808
17,415
235.6

12,116
17,716
236.1

11.2

11.5

11.1

9.8

9.6

8.3

8.5

8.8

9.9

10.4

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




231.2
17.1
16.4

122.9
14.6

15.5
16.5

134.3

137.0

432.4

440.2

3,090.4

3,095.7

3,155.2

2,772.6

2,842.1

2,879.6

2,632.9
80.2
8.2

2,682.1
82.5
8.0

2,749.8
84.0
8.4

2,785.6
86.2
7.9

320.0

283.6

317.8

253.5

275.6

4,258.8

4,286.1

4,287.6

4,368.7

4,346.6

4,388.3

12,398
17,996
236.7

12,537
18,067
237.2

12,643
18,040
237.7

12,975
18,342
238.2

12,964
18,203
238.8

13,180
18,331
239.4

11.3

10.8

9.4

10.3

8.2

8.7

117

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1987
Line

III
3,650.9

3,688.2

3,736.0

3,774.7

3,852.2

3,915.3

3,992.4

4,090.1

4,156.8

4,227.7

4,308.7

4,395.1

4,517.5

4,573.5

4,617.4

4,690.7

2,075.7
1,688.0
634.4
479.1
493.8
559.7
387.8

2,093.4
1,700.6
633.3
478.2
496.6
570.7
392.9

2,123.6

2,207.1
1,793.4
649.8
490.1
520.5
623.1
413.6

2,244.2
1,824.9
653.4
491.5
531.0
640.4
419.3

2,284.6
1,860.7
662.9
499.2
541.8
656.1
423.9

2,345.0
1,912.9
674.5
506.9
548.5
690.0
432.1

2,379.6

1,724.6
636.2
480.6
503.8
584.6
399.0

2,164.8
1,758.0
643.4
485.1
512.4
602.2
406.8

1,938.0
689.9
518.4
559.3
688.8
441.6

2,434.7
1,986.7
702.3
525.7
570.7
713.7
448.0

2,476.4
2,022.4
711.4
532.3
580.5
730.6
453.9

2,520.1
2,060.2
723.2
543.1
589.7
747.2
459.9

2,555.8
2,085.9
729.1
548.3
599.6
757.1
470.0

2,577.3
2,101.6
727.8
545.5
604.0
769.9
475.7

2,605.5
2,122.6
731.7
546.8
606.9
784.0
482.9

2,648.6
2,158.5
740.3
551.0
615.4
802.8
490.2

Other labor Income

291.7

295.9

300.5

305.5

311.9

316.9

321.6

326.0

329.3

333.7

338.7

344.2

350.3

356.9

363.8

371.1

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

271.8

275.8

285.3

281.6

294.9

301.1

307.2

312.1

329.5

337.2

346.3

342.0

366.5

357.9

355.5

367.2

20.0
251.9

20.2
255.5

25.9
259.4

26.0
255.6

27.1
267.8

29.1
272.1

29.1
278.2

30.8
281.3

32.9
296.6

26.8
310.4

28.0
318.3

16.5
325.6

35.7
330.8

31.5
326.3

29.2
326.3

32.1
335.0

36.6

34.8

30.7

26.8

32.7

30.8

37.8

41.9

44.9

41.5

40.0

50.0

46.6

44.9

37.4

33.1

109.6

Personal income .
•ursements
Private industries ....
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

Rental income of persons with capital
consumption adjustment.

113.0

116.9

126.3

132.3

137.6

146.0

152.8

157.4

163.1

615.8

635.7

633.4

636.2

654.6

677.9

715.6

740.4

744.9

745.0

470.0
284.1

473.2
285.8

491.0
298.2

493.8
299.3

498.7

301.2

504.3
303.2

525.5
316.7

533.8
322.1

544.9
328.3

557.2
333.5

14.3
16.5

13.8
17.0
162.0
16.6

13.0
16.9
164.7
16.8

145.4

147.9

13.1
16.9
167.5
17.0
150.5

12.9
16.7
171.5
17.1
154.4

13.5
17.5
177.8
17.1
160.7

13.6
17.3
180.8
17.3

138.6

13.4
16.5
157.5
16.4
141.0

14.5
17.3
184.9
17.6
167.3

15.6
17.2
190.9
18.0
172.9

157.8

160.6

172.5

175.7

178.2

181.0

189.0

190.4

192.1

194.7

524.8

502.7

520.9

514.5

516.6

519.1

528.5

565.3

578.9

588.4

601.3

3,388.5

3,390.5

3,489.6

3,569.2

3,642.3

3,711.1

3,789.7

3,866.6

3,952.2

3,994.5

4,029.0

4,089.4

3,111.8

3,182.6

3,247.8

3,284.7

3,362.2

3,422.5

3,490.3

3,565.3

3,623.3

3,689.2

3,746.6

3,798.7

2,970.0
92.2
9.5

3,011.4
91.1
9.3

3,081.5
91.3
9.8

3,145.5
92.0
10.2

3,182.9
91.7
10.1

3,259.8
91.9
10.5

3,319.5
92.4
10.5

3,387.0
93.1
10.3

3,460.1
94.2
11.0

3,511.8
100.6
11.0

3,572.9
105.1
11.2

3,626.9
108.4
11.2

3,675.1
111.6
12.0

255.4

234.2

276.8

207.9

241.9

284.5

280.1

288.6

299.3

301.3

328.9

305.3

282.4

290.7

4,489.3

4,507.9

4,504.5

4,556.9

4,512.7

4,600.7

4,659.6

4,724.1

4,758.9

4,801.9

4,851.4

4,903.5

4,891.0

4,902.7

4,928.8

13,508
18,677
240.4

13,630
18,708
241.0

13,687
18,649
241.5

14,002
18,830
242.0

13,980
18,608
242.5

14,354
18,924
243.1

14,645
19,119
243.7

14,915
19,345
244.2

15,165
19,447
244.7

15,446
19,571
245.4

15,720
19,724
246.0

16,036
19,896
246.5

16,171
19,800
247.0

16,266
19,793
247.7

16,465
19,844
248.4

9.0

7.8

7.1

8.2

6.1

6.9

7.7

7.8

7.9

7.8

8.3

7.6

7.0

7.1

Personal dividend income

103.3

106.4

107.4

107.5

108.7

Personal interest income

574.9

580.1

581.0

581.0

587.7

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits ..
Other transfer payments
Family assistance'
Other

439.8
264.5

446.2
266.9

453.8

272.1

456.4
273.2

278.8

15.5
17.0
142.8
15.7
127.1

16.2
16.9
146.2
16.2
130.0

16.8
16.6
148.2
16.3
131.9

149.9
16.4
133.5

135.6

14.9
16.7
153.8
16.4
137.4

Less: Personal contributions for social insurance

142.9

144.3

146.3

148.7

153.5

155.5

437.9

441.4

451.7

468.9

463.7

Equals: Disposable personal income

3,213.0

3,246.8

3,284.3

3,305.9

Less: Personal outlays

2,922.5

2,955.9

3,028.9

3,071.7

2,825.1
88.7
8.7

2,857.0
90.1
8.7

2,928.6
91.3
9.0

290.5

291.0

4,444.5
13,395
18,530
239.9
9.0

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
,
Chained (1996) dollars
Population (mid-period, millions)
Personal saying as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




16.8
16.4

462.8
15.3
16.7
151.9
16.3

468.4
283.0

155.1
16.5

163.6

118

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1990

1991

1992

1993

Line

Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
Rental income of persons with capital
consumption adjustment.

4,879.3
2,750.4
2,236.2
757.8
564.1
633.4
845.0
514.2

4,951.4

4,981.4

2,781.7
2,261.1
758.7
565.1
638.4
864.0
520.6

2,784.5
2,256.8
752.0
561.4
638.9
865.9
527.7

2,786.5
2,245.6
742.5
555.5
636.5
866.6
540.9

393.6
386.8

400.0

404.9

378.7

382.1

33.2
343.3

31.5
347.2

30.9
355.9

42.1

45.3

4,800.8

2,701.6
2,197.3
749.0
554.9
623.6
824.6
504.3
379.6
376.5

5,064.1

5,110.1

5,167.4

5,276.8

5,352.2

5,390.7

5,541.8

5,465.8

5,595.3

5,630.3

5,748.5

2,811.1

2,835.7

2,913.3

2,984.0
2,414.8
764.6
583.0
681.5
968.7
569.3

3,075.4
2,493.1
779.3
592.3
695.9
1,017.9
582.2

1,031.6
585.8

3,187.6
2,598.3
807.8
614.3
715.3
1,075.1
589.3

445.2

462.7
447.4

487.0

432.7

454.0
436.7

478.9

373.3

2,972.7
2,390.5
749.3
566.3
676.2
965.0
582.1
470.5
455.9

3,105.1

2,289.0
749.5
566.3
649.4
890.1
546.7
419.0
385.0

2,952.4
2,385.4
762.0
579.7
673.5
949.9
567.0

3,080.5

2,267.0
742.7
558.5
644.3
879.9
544.1
411.6
383.0

2,863.7
2,312.9
750.7
569.7
654.9
907.3
550.8

464.4

455.5

494.6
471.6

29.0
353.0

26.5
346.7

27.7
355.4

53.2

55.8

53.9

56.4

166.5
778.6

163.2

172.7

178.0

181.1

181.2

178.6

179.3

186.5

196.8

785.4

774.4

774.0

773.2

765.4

760.7

756.8

744.5

738.6

596.8
352.8

616.1
358.0

646.7
374.8

663.8

694.6
389.9

731.4
405.4

747.9
412.1

759.6
416.8

768.0

380.1

674.6
384.8

421.5

20.8
17.8
219.4
19.9

24.2
18.1
229.6
20.5

27.4
18.7
237.6
21.0
216.7

25.7
18.3
245.7
21.4
224.4

257.4
21.7
235.8

39.2
19.3
267.6
21.9
245.7

40.5
19.4
275.8
22.2
253.6

38.8
19.3
284.7
22.3
262.4

213.9

216.1

217.7

223.6

225.8

227.8

229.0

611.6

623.2

614.7

627.3

638.0

4,498.5

4,544.2
4,156.0

4,662.0
4,255.3

4,724.9

4,130.2

4,302.9

3,998.2
119.0
13.0

4,023.6
119.1
13.4

4,123.1
119.9
12.4

2,507.7
783.4
599.6
699.5

395.4

2,351.7
752.8
571.6
666.2
932.7
561.6
436.4
420.6

23.8
361.3

27.5
367.9

31.4
389.2

33.6
399.1

33.2
403.5

32.5
414.9

29.5
426.4

34.4
430.0

22.9
432.5

33.7
437.9

57.6

57.8

59.3

63.8

53.2

76.8

84.7

90.3

90.8

97.6

192.2

198.2

206.4

215.1

737.3

729.8

720.9

714.1

785.6
436.9

795.2
441.9

803.6
446.8

810.2
452.2

37.1
19.4

34.5
20.1

290.1
22.6
267.5

294.1
22.7

34.8
20.2
301.9
22.9

271.4

34.5
20.3
298.5
22.8
275.7

32.7
19.9
305.5
23.0
282.5

233.1

236.9

238.9

242.3

663.1

644.0

681.8

701.7

4,752.7

4,878.7

4,821.7

4,948.5

5,046.8

4,356.2

4,449.1

4,481.8

671.0
4,924.2
4,550.5

4,617.1

4,688.6

4,171.5
118.9
12.6

4,225.7
118.2
12.3

4,318.3
117.9
12.9

4,350.6
116.9
14.2

4,421.3
115.1
14.2

4,488.2
114.4
14.5

4,558.7
115.2
14.6

427.0

1,024.8
572.8

2,519.3
785.8
596.6
701.9

Personal dividend income

166.0

Personal interest income

757.6

768.2

Transfer payments to persons
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance»
Other

578.6
348.2

586.1

183.3

18.0
17.7
208.3
19.5
188.8

Less: Personal contributions for social insurance

201.1

202.1

205.8

205.7

595.7

607.6

617.3

618.0

Equals: Disposable personal income

4,205.1

4,271.7

4,334.1

Less: Personal outlays

3,879.2

3,932.4

4,001.0

4,363.5
4,024.5

209.1
212.5
600.7
4,399.1
4,035.9

3,754.8
112.6
11.8

3,806.2
114.5
11.6

3,871.6
117.1
12.3

3,893.4
118.8
12.3

3,904.6
118.5
12.8

606.5
4,457.5
4,090.5
3,958.6
119.0
12.9

325.9

339.4

333.1

339.0

363.2

367.1

368.3

388.1

406.7

421.9

396.5

429.6

340.0

373.7

331.5

358.2

5,001.6

5,026.6

5,032.7

4,995.8

4,999.5

5,033.3

5,045.4

5,053.8

5,138.8

5,172.5

5,174.2

5,271.5

5,181.2

5,258.6

5,266.8

5,338.5

16,892
20,092
248.9

17,114
20,138
249.6

17,313
20,104
250.3

17,381
19,900
251.1

17,480
19,866
251.7

17,668
19,950
252.3

17,779
19,940
253.0

17,910
19,918
253.7

18,332
20,207
254.3

18,529
20,284
255.0

18,581
20,229
255.8

19,020
20,551
256.5

18,754
20,151
257.1

19,106
20,403
257.7

19,146
20,378
258.5

19,476
20,602
259.1

7.8

7.9

7.7

7.8

8.3

8.2

8.2

8.5

8.7

8.9

8.3

7.6

6.7

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.




16.3
18.0
196.0
18.4
177.6

349.2
16.9
17.8
202.2
18.9

199.5

29.1
18.2

279.1

119

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.1.—Personal Income and Its Disposition: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
1994

1996

1995

1997

Line
I
Personal income
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

1

5,713.7

5,860.8

5,935.3

6,042.4

6,109.9

6,163.3

6,225.9

6,304.6

6,405.1

6,509.4

6,597.1

6,677.9

6,792.4

6,879.1

6,978.6

7,097.9

2
3
4
5
6
7
8

3,133.8
2,536.4
796.6
600.2
7128
1,027.0
597.4

3,228.7
2,625.0
820.0
617.9
735.0
1,070.0
603.7

3,263.0
2,657.7
832.5
626.4
745.1
1,080.2
605.3

3,321.2
2,712.1
846.9
636.7
760.8
1,104.4
609.2

3,363.2
2,744.5
852.8
641.1
768 4
1,123.2
618.8

3,400.9
2,780.0
858.4
644.5
777.5
1,144.1
620.9

3,447.2
2,823.3
868.1
650.4
787.8
1,167.4
623.9

3,487.5
2,860.1
875.0
654.0
794.7
1,190.5
627.3

3,533.8
2,899.4
882.1
656.0
803.5
1,213.9
634.3

3,601.0
2,961.6
903.0
671.1
816.6
1,242.0
639.3

3,657.3
3,014.2
917.6
680.2
828.3
1,268.3
643.1

3,713.9
3,066.7
930.0
687.6
841.2
1,295.6
647.3

3,789.4
3,132.5
951.4
702.0
8564
1,324.8
656.9

3,847.9
3,186.7
964.8
710.7
8693
1,352.6
661.2

3,915.7
3,249.2
979.9
721.1
8864
1,382.9
666.5

4,002.6
3,330.2
1,004.4
739.6
906 3
1,419.4
672.5

Other labor Income

9

503.9

508.1

509.5

508.4

502.2

498.5

495.0

492.1

490.0

489.1

489.6

491.4

482.7

475.2

471.7

471.9

Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm

10

468.4

479.5

475.8

482.5

488.6

491.4

499.7

511.1

525.9

546.6

553.5

553.0

570.0

576.0

586.0

592.7

11
12

40 6
427.9

33 9
445.6

27.7
448.1

25.5
457.0

21 4
467.2

19.6
471.8

20.5
479.2

27.3
483.9

31.1
494.8

36.3
510.3

38.0
515.5

31.7
521.4

306
539.4

296
546.4

298
556.2

28 9
563.8

Rental income of persons with capital
consumption adjustment.

13

98.0

112.0

116.2

115.2

116.9

115.1

116.6

123.2

128.4

129.0

130.1

131.4

130.4

128.9

127.4

126.7

Personal dividend income

14

219.8

229.5

240.3

249.2

248.4

250.8

251.8

264.8

285.9

290.4

302.4

310.9

321.1

331.5

3403

3467

Personal interest income

15

714.4

727.1

750.2

778.0

784.8

791.9

794.7

798.7

797.2

805.9

814.6

824.6

834.8

854.1

871.9

895.1

Transfer payments to persons
Old-age, survivors, disability, and health insurance

16
17

824.1
463.5

828.7
470.3

835.5
475.7

847.1
482.6

870.5
498.1

881.9
505.7

891.1
511.3

900.1
516.7

918.7
528.8

926.3
534.9

931.9
540.2

938.3
546.4

955.9
560.0

961.0
565.0

965.1
568.7

966.9
569.5

Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance]
Other

18
19
20
21
22

27.7
199
313.0
23.1
2899

23.9
199
314.6
23.2
291.4

21.8
20.2
317.7
23.2
294.5

21.0
20.4
323.2
23.2
300.0

20.7
20 8
330.9
22.9
308.0

21.2
20 8
334.3
22.8
311.5

21.7
21 0
337.0
22.6
314.5

22.2
20.9
340.4
22.3
318.1

22.9
21.5
345.4
21.4
324.0

22.4
21.9
347.1
20.8
326.3

21.5
21.6
348.6
20.2
328.4

21.5
218
348.6
18.9
329.6

20.7
224
352.8
18.4
334.4

20.1
223
353.5
17.9
335 6

19.4
22 5
354.6
17.5
3371

19.3
22 8
355.3
17.2
3381

Less: Personal contributions for social insurance

23

248.8

252.9

255.3

259.2

264.7

267.3

270.2

272.7

274.7

278.8

282.3

285.7

291.9

295.5

299.5

304.6

24

695.4

732.2

724.3

738.5

751.8

780.5

781.6

799.5

830.7

872.5

877.3

898.1

935.1

954.9

978.9

1,006.3

Equals: Disposable personal income

25

5,018.3

5,128.6

5,211.0

5,303.9

5,358.1

5,382.8

5,444.4

5,505.1

5,574.4

5,637.0

5,719.8

5,779.7

5,857.3

5,924.2

5,999.7

6,091.6

Less: Personal outlays .

26

4,744.0

4,809.1

4,886.9

4,959.7

5,012.1

5,091.3

5,158.4

5,218.8

5,292.2

5,383.9

5,433.7

5,512.6

5,609.2

5,654.1

5,763.7

5,834.3

27
28
29

4,613.8
114.9
15.3

4,677.5
116.1
15.5

4,753.0
118.2
15.7

4,821.3
122.4
15.9

4,868.6
127.5
15.9

4,943.7
132.1
15.6

5,005.2
136.8
16.4

5,058.4
142.4
18.0

5,130.5
144.3
17.4

5,218.0
147.9
18.0

5,263.7
151.8
18.2

5,337.9
155.5
19.3

5,429.9
159.0
20.3

5,470.8
162.9
20.4

5,575.9
166.5
21.2

5,640.6
170.9
22.9

30

274.3

319.5

324.1

344.2

346.0

291.5

285.9

286.3

282.2

253.1

286.1

267.1

248.1

270.1

236.0

257.3

31

5 2932

5 3812

5,420.9

5,493.4

5,515.4

5,509.0

5,546.6

5,585.3

5,622.0

5,649.4

5,709.7

5,729.9

5,771 8

5 8212

5877 3

5 947 5

32
33
34

19,326
20,385
259.7

19,705
20,676
260.3

19,969
20,774
260.9

20,276
21,000
261.6

20,441
21,041
262.1

20,489
20,970
262.7

20,670
21,058
263.4

20,849
21,153
264.0

21,072
21,252
264.5

21,261
21,308
265.1

21,517
21,478
265.8

21,687
21,500
266.5

21,929
21,609
267.1

22,129
21,744
267.7

22,351
21,895
268.4

22,637
22,102
269.1

35

5.5

6.2

6.2

6.5

6.5

5.4

5.3

5.2

5.1

4.5

5.0

4.6

4.2

4.6

3.9

4.2

Less: Personal tax and nontax payments

Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
total billions of chained (1996) dollars2
Per capita:
Current dollars
Chained (1996) dollars
.
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.

1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.




2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE.—Percent changes from preceding period for disposable personal income are shown in table 8.1.

120

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 192^-97
Table 2.2.—Personal Consumption Expenditures by Major Type of Product: Annually, 1929-97, and Quarterly, 1946-97
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

Line

64.2

67.2

71.2

81.0

7.2

5.5

3.6

3.5

4.2

5.1

6.3

6.9

5.7

6.7

7.8

9.7

88.9
6.9

2.2
3.8
1.1

1.6
3.0

1.0
2.1

.6

1.4
2.2
.6

1.9
2.5
.7

2.4
3.1
.8

2.5
3.5
1.0

1.7
3.1

.9

1.1
1.9
.5

.9

2.3
3.4
1.0

2.8
3.8
1.1

3.5
4.8
1.3

34.0

29.0

22.7

22.3

26.7

29.3

32.9

35.2

34.0

35.1

37.0

18.0
8.0
3.3
1.7
1.5
4.7

14.7
6.9
2.9
1.5
1.3
4.4

11.4
5.1
2.6
1.5
1.1
3.7

11.5
4.6
2.6
1.5
1.2
3.5

14.2
5.7
2.9
1.6
1.3
3.9

16.2
6.0
3.0
1.7
1.3
4.1

18.4
6.6
3.4
1.9
1.4
4.5

19.9
6.8
3.6
2.1
1.4
4.9

18.9
6.8
3.5
2.1
1.3
4.9

19.1
7.1
3.6
2.2
1.4
5.3

20.2
7.5
3.8
2.3
1.5
5.6

29.0

26.3

22.4

20.2

20.5

21.5

23.0

24.7

24.6

25.4

26.4

11.2
3.9
1.2
2.7
2.2
2.3
1.7
7.7

10.5
3.5
1.2
2.3
1.9
2.1
1.6
6.7

9.2
3.1
1.2
1.9
1.6
1.7
1.2
5.6

8.1
2.8
1.1
1.7
1.5
1.6
1.1
5.2

7.8
3.0
1.2
1.9
1.6
1.7
1.2
5.2

7.9
3.2
1.2
2.0
1.7
1.8
1.3
5.6

8.2
3.4
1.2
2.2
1.9
2.0
1.4
6.1

8.8
3.7
1.3
2.4
2.0
2.1
1.6
6.6

9.2
3.6
1.3
2.2
1.9
2.1
1.5
6.4

9.4
3.8
1.4
2.4
2.0
2.2
1.6
6.4

9.7
4.0
1.5
2.6
2.1
2.3
1.7
6.5

4.5
47.7

4.1
41.9

3.8
33.6

3.8
30.7

4.1
33.2

4.2
35.5

4.6
39.1

4.9
42.1

4.8
40.6

5.0
43.1

5.3
45.8

1949

1950

1951

1947

1948

1952

1953

1954

1955

1956

1957

1943

1944

1945

99.7

108.5

119.8

6.5

6.7

8.0

.7
4.6
1.6

3.9
1.9

3.8
2.1

1.0
4.5
2.5

42.9

50.8

58.6

64.3

71.9

23.4
8.8
4.3
2.6
1.7
6.4

28.4
11.0
3.9
2.1
1.9
7.5

33.2
13.4
3.3
1.3
2.0
8.7

36.7
14.6
3.4
1.4
2.0
9.6

40.6
16.5
4.0
1.8
2.2
10.8

28.5

31.3

34.6

37.4

40.0

10.4
4.3
1.5
2.7
2.4
2.5
1.9
7.1

11.2
4.8
1.6
3.2
2.7
2.8
2.1
7.6

11.8
5.2
1.7
3.5
3.4
3.0
2.4
8.7

12.3
5.9
1.8
4.1
3.7
3.5
2.7
9.4

12.8
6.4
1.9
4.5
4.0
3.7
3.0
10.0

5.9
51.8

5.6
54.9

5.0
61.4

5.2
66.6

5.9
73.3

1958

1959

1960

1961

318.1

332.3

342.7

363.8

40.0

296.6
37.4

42.7

43.3

41.8

46.9

15.8
17.3
5.0

17.6
17.2
5.2

15.1
16.9
5.4

18.9
18.1
5.7

19.7
18.0
5.7

17.8
18.3
5.7

21.5
19.3
6.1

124.7

130.8

137.1

141.7

148.5

152.9

156.6

162.8

68.6
23.3
12.4
8.6
3.8
20.4

71.4
24.4
13.3
9.4
3.9
21.7

75.1
24.5
14.3
10.2
4.1
23.2

77.9
24.9
14.8
10.6
4.2
24.2

80.7
26.4
15.3
11.3
4.0
26.1

82.3
27.0
15.8
12.0
3.8
27.7

84.0
27.6
15.8
12.0
3.8
29.2

86.1
29.0
16.4
12.6
3.8
31.4

95.4

102.9
36.7

109.9

117.4

127.0

136.1

144.3

154.1

39.3
16.4
6.5
9.9
9.4

42.0
17.5

45.0
18.7
7.6
11.1
10.5
16.4

48.2
20.3
8.3
12.0
11.2
17.6

54.7
22.4
9.4
13.0
12.2
20.8

6.4
29.9

6.9
32.0

51.2
21.2
8.8
12.4
11.7
18.7
7.5
34.0

23.0
214.5

24.2
225.8

24.6
234.1

25.8
251.9

233.4

240.5

259.0

271.9

287.0

22.9

25.1

30.7

29.9

29.3

32.7

31.9

38.8

38.1

8.0
11.5
3.4

10.6
11.3
3.2

13.7
13.7
3.3

12.2
14.1
3.6

11.4
14.0
3.9

13.9
14.7
4.1

12.8
14.8
4.3

17.7
16.4
4.6

96.6

94.9

98.2

109.2

114.7

117.8

119.7

54.2
20.1
8.2
4.8
3.4
14.1

52.5
19.3
8.4
5.3
3.1
14.7

53.9
19.6
8.9
5.5
3.4
15.8

60.7
21.3
9.6
6.1
3.5
17.6

64.1
22.0
10.2
6.8
3.5
18.4

65.4
22.2
10.9
7.4
3.4
19.4

66.8
22.3
11.4
7.8
3.5
19.3

55.9

58.9

63.7

75.6

82.9

17.9
8.1
2.6
5.5
5.8
6.6
3.8
13.8

19.6
8.6
2.9
5.6
5.9
6.7
3.8

12.7

14.2

21.7
9.5
3.3
6.2
6.2
7.2
3.9
15.2

24.3
10.4
3.7
6.7
6.8
7.7
4.0
16.3

27.0
11.2
4.1
7.1
7.3
8.6
4.3
17.3

29.9
12.1
4.5
7.6
8.0
9.6
4.5
18.8

32.3
12.7
5.0
7.7
8.2
10.6
4.8
20.3

34.4
14.2
5.5
8.6
8.5
11.3
5.2
22.0

9.3
100.6

Line

219.7

16.0
7.5
2.3
5.1
5.3
5.7
3.8

Addenda:
Energy goods and services >
Personal consumption expenditures less food and
energy.

208.6

51.0

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

192.7

52.3
18.8
7.0
4.0
3.0
12.8

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services

178.8

90.9

Other
Nondurable goods

175.4

6.6
10.6
3.3

Motor vehicles and parts
Furniture and household equipment




1942

66.8

20.4

Personal consumption expenditures

See footnote at the end of the table.

1941

1940

62.2

162.3

Durable goods

Addenda:
Energy goods and services'
Personal consumption expenditures less food and
energy.

1939

1938

55.9

4.6
53.3

Addenda:
Energy goods and services >
Personal consumption expenditures less food and
energy.

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

1937

1936

51.5

11.7
4.0
1.2
2.9
2.6
2.4
1.7
8.2

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services

1935

45.9

30.5

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services

Other

1934

1933

48.7

19.5
9.4
3.4
1.8
1.6
5.4

Nondurable goods

Nondurable goods

1932

60.7

37.7

Other

Motor vehicles and parts
Furniture and household equipment

1931

70.2

3.3
4.7
1.2

Motor vehicles and parts
Furniture and household equipment

Durable goods

1930

9.2

Durable goods

Personal consumption expenditures

1929

77.5

Personal consumption expenditures

10.9
110.3

11.3
115.1

12.2
126.6

13.4
134.6

14.3
141.2

15.4
152.7

16.4
157.3

17.9
172.5

1975

1976

1977

1978

1979

605.5

648.9

702.4

770.7

852.5

932.4

1,030.3

1,149.8

1,278.4

1,430.4

1,596.3

1964

1965

1966

15.4
6.1
9.3
8.9

12.2
5.6

13.4
5.6

24.1

25.8

7.1
10.4
9.7
14.8
5.8
27.6

19.4
181.1

20.8
191.1

21.8
196.9

1973

1974

8.0
35.9

411.7

444.3

481.8

508.7

558.7

56.7

63.3

68.3

70.4

80.8

85.9

85.0

96.9

110.4

123.5

122.3

133.5

158.9

181.2

201.7

214.4

26.0
23.2
7.5

29.9
25.1
8.2

30.3
28.2
9.8

30.0
30.0
10.4

36.1
32.9
11.8

38.4
34.7
12.9

35.5
35.7
13.7

44.5
37.8
14.6

51.1
42.4
16.9

56.1
47.9
19.5

49.5
51.5
21.3

54.8
54.5
24.2

71.3
60.2
27.4

83.5
67.2
30.5

93.1
74.3
34.3

93.5
82.7
38.2

178.7

191.6

208.8

217.1

235.7

253.2

272.0

285.5

308.0

343.1

384.5

420.7

458.3

497.2

550.2

624.4

93.6
32.4
17.7
13.6
4.1
35.0

100.7
34.1
19.2
14.8
4.4
37.6

109.3
37.4
20.7
16.0
4.7
41.4

112.5
39.2
21.9
17.1
4.8
43.5

122.2
43.2
23.3
18.6
4.7
47.0

131.5
46.5
25.0
20.5
4.6
50.2

143.8
47.8
26.3
21.9
4.4
54.1

149.7
51.7
27.7
23.2
4.6
56.4

161.4
56.4
29.5
24.4
5.1
60.8

179.6
62.5
34.4
28.1
6.3
66.6

201.8
66.0
44.0
36.1
7.8
72.7

223.2
70.8
48.1
39.7
8.4
78.5

242.5
76.6
53.2
43.0
10.1
86.0

262.7
84.1
58.0
46.9
11.1
92.4

289.6
94.3
61.6
50.1
11.5
104.7

324.7
101.2
80.6
66.2
14.4
118.0

176.4

189.5

204.7

221.2

242.3

266.4

292.0

320.0

352.3

385.9

425.5

476.1

532.6

600.0

678.4

757.4

61.4
25.0
10.4
14.6
13.4
25.8
9.1
41.6

65.4
26.5
10.9
15.7
14.5
27.9
9.6
45.5

69.5
28.2
11.5
16.7
15.9
30.7
10.4
50.0

74.1
30.2
12.2
18.0
17.3
33.9
11.1
54.7

79.7
32.4
13.0
19.4
18.9
39.2
12.5
59.6

35.2
14.1
21.1
20.9
44.8
13.8
64.9

94.0
37.9
15.3
22.6
23.7
50.4
15.1
70.9

102.7
41.3
16.9
24.4
27.1
56.9
16.3
75.7

112.1
45.7
18.8
26.9
29.8
63.9
17.6
83.3

122.7
50.2
20.4
29.8
31.2
71.5
19.7
90.5

134.1
56.0
24.0
32.0
33.3
80.4
22.5
99.1

147.0
64.3
29.2
35.2
35.7
93.4
25.4
110.3

161.5
73.1
33.2
40.0
41.3

201.7
92.1
43.0
49.1
53.5
140.0
34.5

121.7

179.5
82.7
38.5
44.3
49.2
122.6
31.4
134.6

156.7

226.5
101.0
47.8
53.2
59.1
158.1
38.3
174.5

28.1
290.1

30.1
313.5

32.2
340.2

34.1
362.1

36.3
400.2

39.1
434.9

41.7
463.5

44.6
508.1

48.2
561.1

54.8
618.1

68.0
662.6

77.3
729.8

86.4
820.9

96.4
919.3

104.6
1,036.2

128.4
1,143.2

106.5
28.4

121

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929-97
Table 2.2.—Personal Consumption Expenditures by Major Type of Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
Line

1989

1990

1991

1992

1993

1994

1995

1996

1997

3,596.7
467.8

3,831.5

3,971.2

4,209.7

5,237.5

5,529.3

467.6

443.0

470.8

560.8

4,969.0
589.7

616.5

642.5

193.1
153.4
73.2

206.1
163.6
80.5

211.4
171.4
84.9

182.8
171.5
88.7

200.2
178.7
91.9

242.3
211.2
107.2

249.3
225.0
115.4

256.3
236.9
123.3

264.2
248.9
129.4

958.5

1,015.3

1,082.9

1,165.4

206.4
171.4
89.8
1,246.1

1,278.8

1,322.9

4,454.7
513.4
222.1
192.4
98.9
1,375.2

4,716.4

419.7

3,356.6
450.2

1,438.0

1,497.3

1,574.1

1,641.6

492.0
163.1
91.4
80.1
11.3
211.9

515.3
174.4
96.6
85.4
11.2
229.1

553.5
185.5
99.3
87.7
11.7
244.5

591.9
198.9
108.9
97.0
11.9
265.7

636.9
204.1
120.2
107.3
12.9
285.0

657.6
208.7
114.8
102.5
12.4
297.8

669.3
221.9
117.1
104.9
12.2
314.7

697.9
231.1
119.4
106.6
12.9
326.8

728.2
240.7
122.5
109.0
13.5
346.6

755.8
247.8
127.4
113.3
14.1
366.4

786.0
258.6
139.7
124.2
15.6

812.2
271.7
143.2
128.1
15.1
414.5

1,670.3
476.4
196.9

1,823.5

1,963.5

2,117.8

2,249.4

2,415.9

2,566.1

2,717.6

2,882.0

3,047.0

3,245.2

511.9
208.4

90.9
106.0
118.2
381.8
87.7
409.3

96.3
112.2
129.9
429.9
99.0
444.4

546.4
221.3
101.0
120.2
136.6
479.2
110.1
469.9

585.6
227.6
101.0
126.5
141.8
540.6
120.8
501.5

616.0
238.6
107.4
131.2
142.8
591.0
126.4
534.5

641.3
248.3
108.9
139.4
155.0
652.6
139.1
579.5

666.5
268.9
118.6
150.4
166.2
700.6
151.2
612.6

704.7
284.0
119.8
164.2
180.9
737.3
160.0
650.7

740.8
298.1
122.5
175.6
197.7
780.7
176.0
688.7

772.5
317.3
128.7
188.5
214.2
814.4
191.1
737.5

810.5
333.0
130.4
202.7
234.4
854.6
206.2
806.5

187.5
2,402.6

195.6
2,607.4

209.9
2,794.8

221.2
2,973.4

2222
3,091.4

225.9
3,314.4

238.0
3,518.8

242.3
3,746.0

249.9
3,963.3

268.5
4,183.1

273.6
4,443.5

1986

1987

2,895.2

3,105.3

281.2

326.9

363.3

401.3

102.9
93.4
43.9

126.9
106.6
47.7

152.5
119.0
55.4

175.7
128.5
59.0

192.4
143.0
66.0

787.6

831.2

884.7

928.8

383.5
117.2
113.7
97.9
15.8
144.5

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services

1985
2,712.6

758.9

Other
Nondurable goods

1984
2,498.4

95.8
92.1
43.4

Motor vehicles and parts
Furniture and household equipment

1983

2,079.3
240.2

2,286.4

231.3

Durable goods

1982

1,944.2

Personal consumption expenditures

1981

403.4
120.5
108.6
94.1
14.5
155.2

423.8
130.9
106.7
93.1
13.6
169.8

447.4
142.5
108.4
94.6
13.9
186.3

467.6
152.1
110.8
97.2
13.6
198.2

954.0

1,174.0

1,286.9

1,420.6

1,535.4

313.0
143.0
74.2
68.8
70.9

338.7

370.3
169.8
86.5
83.3
90.0

239.3
54.9
230.4

442.0
188.9
89.2
99.7
107.3
346.8
81.5
368.9

178.5
1,382.2

Addenda:
Energy goods and services1
Personal consumption expenditures less food and
energy.

1,051.5

287.7
127.3
64.8
62.5
68.7
213.0
49.3
208.0

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

182.8
1,493.2

180.6
2,222.5

268.9

294.6
67.9
294.4

406.8
182.2
90.8
91.4
100.0
322.5
75.6
333.6

189.1
1,673.6

194.9
1,856.1

201.5
2,043.4

157.6
82.4
75.2
79.4
267.9
61.7

1947

1946

1949

1948

1950

Line

IV

I

III

I

I

153.1

156.5

160.5

164.0

168.2

170.9

174.7

177.6

178.4

177.3

178.9

178.3

180.8

183.5

187.4

18.7

19.4

20.0

20.3

22.0

22.0

22.5

23.7

23.4

22.8

24.8

25.8

26.8

27.7

28.1

3.4
8.1
3.2

148.9
17.1
4.7
9.0
3.3

6.0
9.5
3.3

6.4
9.8
3.3

6.5
10.2
3.3

7.2
11.5
3.3

7.8
10.9
3.3

7.4
11.7
3.3

8.2
12.1
3.4

11.4
3.4

9.0
10.5
3.3

10.9
10.6
3.3

11.2
11.5
3.1

11.2
12.4
3.2

12.0
12.5
3.2

12.7
12.1
3.3

78.9

80.6

85.1

86.3

87.7

90.1

6.2
10.8
3.3
92.1

93.6

95.1

97.0

97.0

97.3

96.3

95.3

93.5

94.3

94.8

44.9
18.0
5.3
3.0
2.3
10.7

45.7
17.9
5.7
3.3
2.4
11.2

48.7
18.9
6.0
3.5
2.5
11.5

50.2
18.0
6.3
3.7
2.6
11.8

50.9
18.3
6.4
3.7
2.7
12.1

52.0
18.5
6.8
4.0
2.9
12.7

52.9
18.9
7.1
4.1
3.0
13.0

53.5
19.3
7.4
4.3
3.2
13.4

53.8
19.5
8.0
4.6
3.4
13.8

55.0
19.9
8.2
4.7
3.5
13.9

54.1
20.2
8.4
4.9
3.5
14.3

53.8
20.7
8.4
5.0
3.4
14.3

53.4
20.2
8.3
5.1
3.2
14.4

52.8
19.6
8.4
5.3
3.0
14.5

52.0
18.5
8.4
5.4
2.9
14.6

51.7
19.0
8.5
5.4
3.0
15.1

52.3
18.9
8.5
5.4
3.1
15.1

96.3
52.9
19.2
8.8
5.6
3.3
15.3

43.5

44.8

46.6

48.1

49.4

50.4

51.6

52.5

53.8

55.2

56.9

57.8

58.2

58.8

59.0

59.7

61.0

63.0

13.8
6.7

14.0
6.6

14.3
6.8

14.7
7.0

15.1
7.1

15.6
7.4

16.3
7.7

16.9
7.7

17.3
7.9

17.7
8.0

18.1
8.2

18.5
8.2

19.0
8.4

19.4
8.5

19.8
8.5

20.3

20.8
9.2

21.4
9.4

4.5
4.4
3.4
10.7

4.8
4.5
3.7
11.2

3.9
11.7

5.3
5.1
3.9
12.1

5.3
5.5
3.9
12.5

5.3
5.7
3.8
12.6

5.3
5.8
3.8
12.7

5.3
6.0
3.7
12.8

5.5
6.2
3.7
13.2

5.6
6.5
3.8
13.6

5.9
6.8
3.8

6.0
6.8
3.9
14.3

5.9
6.8
3.9
14.2

6.0
6.8
3.8

5.9
6.7
3.8
14.2

5.8
6.6
3.8
14.2

5.9
6.8
3.8
14.5

6.1
7.1
3.9
15.0

134.9

Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

14.7

2.4
7.1
3.1

Motor vehicles and parts
Furniture and household equipment

140.1

12.6

Personal consumption expenditures
Durable goods

14.1

14.3

Addenda:
Energy goods and services1
Personal consumption expenditures less food and
energy.

1950

1952

1951

Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and services»
Personal consumption expenditures less food and
energy.
See footnote at the end of the table.




1954

1953

Line

I
201.1

198.5

207.9

211.8

213.2

217.4

220.0

228.2

231.8

233.6

234.4

233.9

236.0

238.8

241.2

31.5

209.6
33.8

205.3

35.6

28.9

28.3

28.4

28.9

29.1

27.6

31.7

33.3

33.1

32.7

31.8

31.1

31.8

31.4

245.9
33.2

15.6
16.5
3.5

14.5
13.6
3.4

14.4
15.9
3.6

12.2
13.2
3.6

11.2
13.4
3.7

10.9
13.8
3.8

11.3
13.9
3.7

11.6
13.7
3.8

9.7
13.9
3.9

13.0
14.6
4.1

14.6
14.5
4.2

14.3
14.7
4.1

13.8
14.8
4.1

12.9
14.8
4.1

12.4
14.6
4.0

13.0
14.6
4.2

12.3
14.8
4.4

13.5
15.3
4.4

100.9

100.9

107.8

107.4

109.4

112.0

111.4

113.7

115.9

117.9

118.1

118.1

117.6

117.5

118.7

118.8

119.9

121.3

54.8
20.4
9.2
5.6
3.6
16.5

59.7
21.3
9.5
5.9
3.6
17.3

62.0
21.5
9.9
6.4
3.6
18.6

62.2
21.3
9.9
6.5
3.4
18.0

63.9
21.6
10.1
6.7
3.4
18.1

65.1
22.0
10.3
6.9
3.4
18.4

65.3
23.2
10.5
7.0
3.5
18.9

65.8
22.5
10.6
7.1
3.5
19.2

65.4
22.6
10.7
7.3
3.4
19.4

65.1
22.1
11.1
7.7
3.4
19.3

65.2
21.7
11.1
7.7
3.4
19.5

66.1
22.2
11.2
7.7
3.4
19.3

66.3
22.1
11.2
7.7
3.5
19.2

67.0
22.2
11.4
7.9
3.5
19.2

67.6
22.6
11.7
8.1
3.6
19.5

68.0

20.9
9.4
6.0
3.4
17.0
69.0

61.0
21.3
9.6
6.2
3.4
17.5

64.6

55.4
20.1
9.1
5.6
3.5
16.3
66.1

70.1

71.3

72.9

74.5

76.5

78.5

80.4

82.4

84.2

84.7

86.2

22.0
9.6

22.6
9.9

23.3
10.3

24.0
10.3

24.7
10.5

25.4
10.7

26.0
10.8

26.7
11.1

27.2
11.3

28.0
11.5

28.8
11.8

29.4
12.1

30.3
12.3

30.9
12.1

31.6
12.3

32.1
12.5

32.5
12.8

33.0
13.2

6.3
7.4
3.9
15.6

6.4
7.5
3.9
15.8

6.7
7.6
4.0
16.1

7.6
4.0
16.2

6.9
7.7
4.1
16.3

6.9
7.9
4.0
16.5

7.0
8.1
4.1
16.8

7.1
8.4
4.2
17.1

7.3
8.7
4.3
17.5

7.5
9.1
4.4
18.0

7.8
9.3
4.4
18.4

8.0
9.5
4.5
18.8

8.1
9.8
4.5
19.1

8.1
9.8
4.5
19.1

8.2
10.1

8.1
10.6
4.7
20.2

8.2
10.9

8.3
10.9
5.0
21.0

4.6
19.5

91.4

4.9
20.7

122

NATIONAL INCOME AND PRODUCT ACCOUNTS OF THE UNITED STATES, 1929^-97

Table 2.2.—Personal Consumption Expenditures by Major Type of Product: Annually, 1929-97, and Quarterly, 1946-97—Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]

1957

1956

1955

1958

1959

Line

I

II

I

IV

I

252.1

269.6

272.8

278.2

282.5

284.8

289.4

291.1

290.8

293.8

298.9

302.8

310.4

37.7

37.8

37.6

39.4

40.6

40.1

39.8

39.4

37.4

36.6

37.3

38.5

41.5

18.0
16.2
4.6

19.0
16.8
4.6

17.8
16.8
4.9

15.9
16.9
4.8

15.3
17.5
5.0

15.2
17.3
5.1

16.6
17.5
5.3

18.1
17.3
5.2

17.8
17.3
5.0

17.1
17.2
5.4

17.2
16.8
5.4

15.0
17.0
5.4

14.8
16.5
5.3

14.9
17.0
5.5

15.7
17.2
5.6

18.2
17.7
5.6

124.0

125.0

127.5

129.1

130.0

131.3

135.8

139.2

138.9

139.5

140.8

142.8

143.9

146.1

68.7
23.3
12.5
8.7
3.8
20.6

69.4
23.8
12.9
9.0
3.9
21.4

70.4
23.9
13.1
9.2
3.9
21.7

70.9
24.2
13.2
9.3
3.9
21.6

71.7
24.6
13.3
9.4
3.9
21.7

132.7
72.4
24.7
13.7
9.8
3.9
21.9

134.5

68.4
23.4
12.3
8.6
3.7
20.0

73.4
24.4
14.2
10.2
4.0
22.4

74.4
24.4
14.2
10.1
4.0
22.9

76.2
24.9
14.4
10.3
4.2
23.7

76.2
24.4
14.4
10.2
4.2
23.9

77.3
24.1
14.5
10.4
4.1
23.6

77.8
24.6
14.6
10.5
4.2
23.7

78.0
25.2
15.0
10.7
4.2
24.6

78.5
25.6
14.9
10.7
4.2
24.9

93.3

94.3

95.8

98.4

100.1

101.8

103.8

107.5

108.9

110.5

112.9

113.9

116.4

118.9

120.3

34.1
13.8

34.7
14.4

35.2
15.0

35.8
15.1

36.4
15.3

37.0
15.5

106.0
37.6
15.6

79.6
25.8
15.2
10.9
4.2
25.6
122.9

33.5
13.5

38.3
15.9

38.9
16.2

39.7
16.5

40.4
16.8

41.1
17.1

41.7
17.5

42.3
17.6

42.9
17.6

8.4
11.2
5.2
21.5

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

266.9

39.4

67.8
22.8
11.9
8.2
3.7
19.8

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services

265.3

40.5

122.3

Other
Nondurable goods

261.3

38.8

16.1
16.0
4.4

Motor vehicles and parts
Furniture and household equipment

257.1

36.5

Personal consumption expenditures
Durable goods

8.4
11.1
5.2
21.7

8.4
11.2
5.1
22.0

8.5
11.6
5.2
22.8

8.7
11.8
5.3
23.4

12.0
5.5
23.8

9.0
12.3
5.8
24.3

9.2
12.8
5.8
25.0

13.1
5.5
25.4

9.4
13.2
5.7
25.4

9.5
13.5
5.6
25.8

9.3
14.0
5.7
26.5

9.3
14.1

9.5
14.7
5.8
27.2

9.8
15.2
5.8
28.1

10.1
15.4
5.8
28.4

5.9
26.5

Addenda:
Energy goods and services'
Personal consumption expenditures less food and
energy.

43.7
18.1
7.5
10.7
10.2
15.9

6.1
28.9
22.6
208.2

1960

1959

1961

1962

1963

Line

Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and services1
Personal consumption expenditures less food and
energy.

321.7

323.9

327.4

335.2

335.7

340.6

43.2

43.6

42.4

39.9

40.9

343.5
42.1

350.8

41.8

333.3
44.1

333.3

44.1

20.2
18.2
5.7

17.7
18.3
5.8

19.4
18.1
5.7

20.0
18.3
5.8

20.2
17.8
5.6

19.0
17.7
5.7

16.6
17.7
5.6

17.2
18.1
5.6

18.0
18.4
5.7

149.3

150.9

150.8

153.6

153.0

153.9

155.2

156.0

81.2
26.4
15.2
11.2
4.0
26.4

81.8
26.8
15.6
11.7
3.9
26.7

81.3
26.9
15.5
11.6
4.0
27.1

82.9
27.2
15.9
12.1
3.8
27.6

82.3
26.9
16.0
12.2
3.8
27.9

82.9
26.8
16.0
12.2
3.9
28.2

83.8
27.1
15.8
12.0
3.8
28.5

84.0
27.3
15.8
11.9
3.9
28.9

128.4

131.2

133.4

135.6

136.6

138.9

140.6

45.5
19.0

47.1
19.8
8.2
11.6
11.0
17.2
6.8
31.5

47.7
20.2
8.3
11.9
11.1
17.7
6.9
32.0

48.5
20.4
8.3
12.1
11.2
17.5
7.0
32.1

49.4
20.7

50.0
20.8
8.5
12.4
11.4
18.2

6.5
30.2

46.4
19.3
7.9
11.4
10.9
16.9
6.7
31.0

23.0
217.6

23.5
218.6

23.7
222.4

24.2

24.3
226.7

24.5

7.7
11.2
10.7
16.5

8.5
12.2
11.4
18.0
7.1
32.3

361.6
46.4

365.6
46.9

371.8

375.4

379.5

48.9

50.0

51.3

386.5
52.0

19.5
18.8
5.9

356.0
45.2
20.4
18.8
5.9

21.4
19.0
6.1

21.2
19.5
6.2

22.9
19.7
6.3

23.6
20.0
6.4

24.3
20.4
6.6

24.5
20.9
6.6

156.5

158.6

160.6

161.9

163.4

165.3

166.3

167.0

83.8
27.7
15.8
12.1
3.7
29.3

84.4
28.4
15.7
12.1
3.7
30.1

85.2
28.5
16.1
12.3
3.8
30.8

85.7
28.9
16.2
12.5
3.7
31.1

86.6
29.1
16.2
12.5
3.6
31.5

29.4
16.9
13.0
3.9
32.1

87.3
29.3
17.2
13.0
4.2
32.6

87.7
29.6
16.8
12.9
3.9
32.9

88.7
30.2
16.9
12.9
4.0
33.6

143.7

144.9

148.0

150.2

153.3

155.2

157.6

159.1

161.3

165.0

51.5
21.1
8.8
12.3
11.7
18.9
7.5
34.2

52.5
21.7
9.0
12.7
11.9
19.3

8.1
36.1

55.2
22.5
9.5
13.0
12.3
21.2
8.0
36.0

56.3
22.9
9.7
13.2
12.4
21.7

7.7
34.9

53.2
22.2
9.3
12.9
12.1
19.9
7.8
35.2

54.2
22.1

7.2
32.9

50.7
21.2
9.0
12.2
11.6
18.6
7.4
34.2

8.1
36.1

56.9
23.5
10.0
13.5
12.5
22.1
8.3
35.8

57.4
23.3
9.6
13.7
12.6
22.4
8.4
37.2

58.3
23.9
10.0
13.9
12.8
22.7
8.8
38.5

24.3
227.6

24.7
231.9

24.6
235.2

24.8

25.4

25.6
250.4

25.6
253.3

26.6
258.3

27.2
261.0

26.4
265.4

26.9
270.9

1965

1964

44.2

9.3
12.8
12.2
20.5

1967

1966

1968

IV
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and services'
Personal consumption expenditures less food and
energy.
See footnote at the end of the table.




400.7

408.6

417.5

477.0

61.9

447.2
63.6

471.8

58.4

437.9
61.7

461.3

56.6

420.1
56.4

430.9

55.2

65.9

68.9

66.3

25.8
22.3
7.1

26.1
23.2
7.3

27.3
23.4
7.7

24.8
23.9
7.7

30.1
24.0
7.8

29.3
24.5
7.9

30.1
25.2
8.2

30.2
26.7
8.9

32.1
27.3
9.6

29.1
27.6
9.6

30.0
28.9
9.9

174.1

177.3

181.0

182.3

185.0

188.7

192.6

200.0

204.3

208.0

91.2
31.4
17.2
13.3
3.9
34.2

92.9
32.3
17.5
13.5
4.0
34.7

94.6
32.7
18.0
13.7
4.3
35.6

95.6
33.1
18.1
13.8
4.3
35.5

97.0
33.3
18.3
14.2
4.2
36.4

99.2
33.3
19.0
14.7
4.3
37.2

101.3
34.2
19.5
14.9
4.6
37.6

105.5
35.6
19.9
15.3
4.6
39.0

107.6
36.6
19.9
15.5
4.4
40.1

109.1
37.1
20.5
15.9
4.6
41.3

171.4

174.7

178.1

181.5

184.0

187.5

191.0

195.4

198.6

202.8

60.0
24.2
10.2
14.0
13.2
24.3
9.0
40.7

60.8
25.0
10.3
14.7
13.3
25.4
9.0
41.2

61.8
25.3
10.5
14.8
13.5
26.4
9.1
42.0

62.9
25.7
10.6
15.0
13.7
27.3
9.4
42.6

63.7
25.6
10.6
15.0
13.9
27.9
9.5
43.3

64.8
26.3
10.9
15.4
14.3
28.1
9.5
44.4

66.0
26.8
10.9
15.9
14.6
27.8
9.6
46.1

67.1
27.4
11.1
16.3
15.0
28.0
9.8
48.1

68.0
27.2
11.2
16.0
15.3
28.8
9.9
49.4

68.8
28.0
11.5
16.5
15.7
30.1
10.3
49.9

27.5
282.0

27.8
288.0

28.5
294.4

28.7
295.8

28.9
305.0

29.9
308.8

30.4
315.4

31.0
324.8

31.1
333.1

32.0
335.9

486.2

496.3
67.6

505.5

512.7

520.3

71.0

71.1

72.0

77.1

29.9
29.2
10.0

28.1
29.4
10.1

30.9
29.7
10.3

30.7
30.0
10.5

30.3
30.9
10.8

34.3
31.8
11.1

211.0

211.7

213.9

215.6

218.0

220.9

228.1

110.3
37.9
21.0
16.2
4.8
41.9

110.3
37.9
21.4
16.5
4.9
42.2

111.2
38.4
21.5
16.7
4.8
42.8

111.4
39.0
21.9
17.0
4.9
43.3

112.5
39.6
21.9
17.2
4.7
43.9

114.7
39.8
22.4
17.5
4.9
44.0

118.0
41.5
23.0
18.1
4.9
45.6

206.3

211.2

214.9

218.8

223.6

227.4

232.9

28.6
11.6
17.0
15.9
31.4
10.6
50.0

71.1
29.2
11.7
17.4
16.5
32.7
11.0
50.7

72.2
29.4
11.7
17.6
16.9
33.2
11.1
52.1

73.2
30.1
12.3
17.9
17.1
33.6
10.9
53.9

74.7
30.2
12.2
18.0
17.4
34.0
11.5
55.8

76.1
31.0
12.6
18.4
17.7
34.7
10.9
57.0

77.5
31.6
12.9
18.8
18.2
36.5
11.8
57.3

32.6
343.3

33.1
348.7

33.2
351.9

34.1
359.9

34.