Full text of Survey of Current Business : April 1994
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
APRIL I994 VOLUME 74 NUMBER 4 SURVEY of CURRENT BUSINESS IN THIS ISSUE . . . • Integrated Economic and Environmental Satellite Accounts • Accounting for Mineral Resources: Issues and BEA'S Initial Estimates • Benchmark Input-Output Accounts for the U.S. Economy, 1987 U.S. DEPARTMENT OF COMMERCE ^ ECONOMICS AND STATISTICS ADMINISTRATION BUREAU OF ECONOMIC ANALYSIS t / V f / \1 j 1 / SURVEY OF CURRENT BUSINESS. Pub- lished monthly by the Bureau of Economic Analysis of the U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor- APRIL 1994 VOLUME 74 NUMBER 4 SURVEY of CURRENT BUSINESS U.S. Department of Commerce Ronald H. Brown, Secretary Economics and Statistics Administration in-Chief, SURVEY OF CURRENT BUSI- NESS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Subscriptions to the SURVEY OF CUR- Bureau of Economic Analysis Carol S. Carson, Director J. Steven Landefeld, Deputy Director RENT BUSINESS are maintained, and their prices set, by the Government Printing Office, an agency of the U.S. Congress. Send correspondence on circulation and subscription matters (including address changes) to: Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. Make checks payable to the Superintendent of Documents. Subscription and single-copy prices: Second-class mat I: $34.00 domestic, $42.50 foreign. First-class mail: $71.00. Single copy: $9.00 domestic, $11.25 foreign. Second-class postage paid at Washington, DC and at additional mailing offices. (USPS 337-790). The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Editor-in-Chief Managing Editor Douglas R. Fox Leland L. Scott Publication Staff: W. Ronnie Foster, M. Gretchen Gibson, Ernestine T. Gladden, Eric B. Manning, Donald J. Parschalk THIS ISSUE of the SURVEY went to the printer on May 11,1994. It incorporates data from the following monthly BEA news releases: Gross Domestic Product (April 28), Personal Income and Outlays (April 29), and Composite Indexes of Leading, Coincident, and Lagging Indicators (May 3). April 1994 SURVEY OF CURRENT BUSINESS TABLE OF C O N T E N T S special in this issue 33 Integrated Economic and Environmental Satellite Accounts BEA has designed a new set of accounts to provide a statistical picture for analysis of the interaction of the economy and the environment. The new accounts extend the definition of capital in BEA'S existing accounts to cover natural and environmental resources. They would supplement, not replace, the existing accounts. 50 Accounting for Mineral Resources: Issues and BEA'S Initial Estimates Mineral resources, when estimated as part of the supplemental accounts described in the companion article summarized above, add between 3 and 7pwcent (depending on the valuation method) to the Nation's private stock of capital. From 1958 to 1991, in current dollars, additions to the stock more than offset depletion; in constant dollars, additions about offset depletion. Factoring mineral resources into measures of income and capital stock lowers the average rate of return in the mineral industry from 23 percent to between 4 and 5 percent. 73 Benchmark Input-Output Accounts for the U.S. Economy, 1987 The U.S. input-output (1-0) accounts present a detailed picture of how industries interact—providing input to, and taking output from, each other—to produce GDP. In preparing the 1987 benchmark 1-0 accounts, BEA developed a set of abbreviated procedures to speed up completion, and it initiated some improvements in the tables. l\egularfe atures m 1 Business Situation U.S. economic activity slowed in thefirstquarter of 1994. Real GDP increased 2.6 percent, down from a 7.0-percent increase in the fourth quarter of 1993. At 2.3 percent, inflation remained moderate. In 1993, corporate profits increased $59-4 billion, up from a $37.7 billion increase in 1992. — Continued on next page — H SURVEY OF CURRENT BUSINESS 117 Total and Per Capita Personal Income by State and Region In the fourth quarter of1993, personal income picked up, as farm income rebounded from a third-quarter drop that was due to floods in the Midwest, drought in the Southeast, and reduced subsidy payments. For the year 1993, per capita personal income in 42 States increased faster than prices. 127 Local Area Personal Income: Estimates for 1990-92 and Revisions to the Estimates for 1981-91 Estimates ofpersonal income and per capita personal income for counties and metropolitan areas have been revised to incorporate newly available source data and changes in the definitions of county-based metropolitan areas. l\eports and statistical presentations 10 National Income and Product Accounts 10 29 31 Selected NIPA Tables NIPA Charts Selected Monthly Estimates C-1 Business Cycle Indicators C-l Data tables C-6 Footnotes for pages C-l through C-5 C-7 Charts C-28 Business cycle expansions and contractions C-29 Cyclical leads and lags for selected indicators C-30 Titles and sources of series S-1 Sources for Current Business Statistics Inside back cover: BEA Information (A listing of recent BEA publications available from GPO) BEGINNING WITH THIS ISSUE A new section presents monthly estimates for personal income, the disposition of personal income, and U.S. international transactions in goods and services. The three tables in this section, which will appear each month, are on pages 31-32. The "Current Business Statistics" section has been discontinued. The list of sources for these series, which was published in last month's SURVEY, is reprinted beginning on page S-l of this issue. April 1994 April 1994 SURVEY OF CURRENT BUSINESS THE This article was prepared by Daniel Larkins, Larry R. Moran, and Ralph W. Morris. BUSINESS uneven expansion continued T in the first quarterthe 1994, according to and of the advance estimates of national income HE ECONOMY'S product accounts (NIPA'S). The growth of real gross domestic product (GDP) slowed to 2.6 percent from 7.0 percent in the fourth quarter of 1993 (chart 1).1 The deceleration was accounted for by sharply slower growth in the production of goods other than motor vehicles and by a downturn in the production of structures; the production of motor vehicles surged again in the first quarter, and the production of services registered another modest increase (table 1). Real gross domestic purchases also grew less in the first quarter than in the fourth—4.1 percent after 6.7 percent. The slowdown was more than accounted for by final sales to domestic purchasers; inventory investment accelerated sharply (table 2). Within final sales, residential and nonresidential fixed investment increased less than in the fourth quarter, as did personal consumption expenditures, and government purchases dropped after no change. Exports and imports are the link between goods and services produced in the United States (GDP) and goods and services purchased by U.S. residents (gross domestic purchases). In the first quarter, exports turned down, and imports slowed sharply. In the fourth quarter, both exports and imports had increased substantially. The fixed-weighted price index for gross domestic purchases increased 2.3 percent in the first quarter, the same rate as in the fourth quarter. The fixed-weighted price index for GDP increased 2.9 percent after increasing 2.3 percent. The difference between the fourth-quarter increases in the two indexes reflects a step-up in the prices of exports and a downturn in the prices of imports. Northridge earthquake.—The Northridge earthquake struck southern California on the morning of January 17. The destruction it caused—and the reconstruction and relief efforts that resulted— SITUATION affected the components of first-quarter GDP and gross domestic purchases, but most of these effects are embedded in the source data that are used to estimate the components. Thus, the effects of the earthquake and reconstruction cannot be disentangled from the effects of unseasonably cold weather in much of the Nation or, indeed, from the effects of any other factor. However, the Bureau of Economic Analysis did estimate the extent of the earthquake's damage to fixed capital. It is estimated that the earthquake caused the consumption of fixed capital (including residential capital) owned by business to increase $41 billion in constant dollars Selected Measures: Change From Preceding Quarter Percent ••-ilii.ilil .1 1 hlii ill GROSS DOMESTIC PURCHASES PRICE INDEX (FIXED WEIGHTS) lllllllllliii 1991 1. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized. Real, or constant-dollar, estimates are expressed in 1987 dollars. 1992 1993 Note—Percent change at annual rale from preceding quarter; based on seasonally adjusted estimates. U.S. Department of Commerce, Bureau of Economic Analysis 1994 2 • April 1994 SURVEY OF CURRENT BUSINESS and $47 billion in current dollars (at annual rates). Reflecting the increase in consumption of fixed capital, real net domestic product (NDP) decreased 1.1 percent in the first quarter; if there had been no earthquake, real NDP would have increased about 2.4 percent, (NDP is GDP less the consumption of fixed capital.) The consumption of fixed capital is deducted in the calculation of two components of personal income: Rental income of persons with cap- Table 1.—Real Gross Domestic Product, by Major Type of Product [Seasonally adjusted at annual rates] Billions of 1987 dollars Percent change from preceding quarter Change from preceding quarter 1994 1993 Level 1994 1993 II 1994:1 Gross domestic product II III III I IV I IV 5,259.0 23.9 36.2 87.3 33.4 1.9 2.9 7.0 2.6 Goods Motor vehicles Other 2,161.0 240.5 1,920.5 8.9 -2.6 11.5 5.8 -10.2 16.0 56.0 21.7 34.3 30.1 25.4 4.7 1.7 -4.9 2.5 1.1 -18.6 3.5 11.2 53.0 7.5 5.8 56.3 1.0 Services 2,617.7 12.2 19.2 9.3 11.7 1.9 3.0 1.4 1.8 480.3 2.8 11.1 22.1 -8.4 2.5 10.1 20.3 -6.7 Structures NOTE.—Most series are found in table 1.4 of the "Selected NIPA Tables." Output of motor vehicles is the sum of auto output and truck output from tables 8.4 and 8.6, respectively. Table 2.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Seasonally adjusted at annual rates] Percent change from preceding quarter Billions of 1987 dollars Change from preceding quarter 1994 1993 I PVPI 1994 1993 II 1994:1 II III I IV III I IV 5,259.0 23.9 36.2 87.3 33.4 1.9 2.9 7.0 2.6 605.0 709.3 5.2 20.5 -1.3 9.8 28.1 26.3 -15.0 4.8 3.6 13.3 -.9 6.0 20.4 16.4 -9.3 2.8 Equals: Gross domestic purchases 5,363.3 39.3 47.2 85.4 53.3 3.1 3.7 6.7 4.1 Less: Change in business inventories Farm Nonfarm 30.5 -.2 30 7 -16.3 -4.1 -12 2 -6.5 -8.8 23 2.0 8.5 -6 5 22.0 4.2 5,332.8 55.5 53.8 83.5 31.2 4.4 4.2 6.6 2.4 3,539.8 634.1 232.2 926.8 28.9 22.0 -5.2 9.8 36.9 10.5 5.9 .6 37.3 30.9 15.1 0 32.9 8.4 5.0 -14.9 3.4 16.6 -9.5 4.3 4.4 7.4 11.9 .3 4.4 22.5 31.7 0 3.8 5.5 9.1 -6.2 Gross domestic product Less: Exports of goods and services... Plus: Imports of goods and services... Equals: Final sales to domestic purchasers . Personal consumption expenditures Nonresidential fixed investment Residential investment Government purchases 178 NOTE.—Dollar levels are found in tables 1.2 and 1.6 of the "Selected NIPA Tables." Percent changes are found in table 8.1. Table 3.—Motor Vehicle Output, Sales, and Inventories [Seasonally adjusted at annual rates] Percent change from preceding quarter Billions of 1987 dollars Change from preceding quarter 1994 1993 Level 1994 1993 II 1994:1 II III IV III IV I I Output Autos Trucks 240.5 138.0 102.5 -2.6 .9 -3.5 -10.2 -9.9 -.3 21.7 11.5 10.2 25.4 13.0 12.4 -4.9 3.0 -15.7 -18.6 -28.4 -1.5 53.0 47.1 61.7 56.3 48.6 67.5 Final sales Autos . Trucks 235.6 136.4 99.2 14.1 7.2 6.9 -7.7 ^.9 -2.8 13.8 2.9 10.9 24.1 17.2 6.9 32.9 27.8 40.8 -14.2 -15.2 -12.7 31.0 10.4 65.3 54.0 71.5 33.4 4.9 1.6 3.3 -16.7 -6.3 -10.4 -2.5 -5.1 2.6 7.9 8.7 -.8 1.4 -A2 5.6 Change in business inventories Autos Trucks NOTE.—Dollar levels for cars and trucks are found in tables 8.4 and 8.6, respectively, of the "Selected NIPA Tables." SURVEY OF CURRENT BUSINESS ital consumption adjustment, and proprietors' income with inventory valuation and capital consumption adjustments. These incomes are not estimated on a constant-dollar basis in the NIPA'S; the estimates reported below are in current dollars and are expressed at annual rates. Earthquake damage to residential capital other than repairable damage reduced rental income of persons by $31 billion, about one-third of which was offset by insurance benefits. Earthquake damage to fixed capital other than repairable damage reduced proprietors' income by $iVi billion, about half of which was offset by insurance benefits. The source data used to estimate first-quarter corporate profits are not yet available; however, other data indicate that profits were reduced by about $29 billion by the earthquake. Nonrepairable damage to corporate equipment and structures amounted to $13 Vi billion, about onethird of which was offset by insurance benefits. In addition, benefits paid by insurance companies reduced profits by about $20 billion. Motor vehicles.—Motor vehicle output and sales jumped sharply for the second consecutive quarter; inventories also increased. The first-quarter jump in output was about the same as the jump in the fourth quarter, and it was evenly split between autos and trucks. The first-quarter jump in sales was about twice the fourth-quarter jump, and it was mostly accounted for by autos. The increase in inventories was much smaller than in the fourth quarter, and it was more than accounted for by trucks. Output increased 56.3 percent in the first quarter after increasing 53.0 percent in the fourth (table 3). Truck output increased 67.5 percent after increasing 61.7 percent; auto output increased 48.6 percent after increasing 47.1 percent. Final sales increased 54.0 percent in the first quarter after increasing 31.0 percent in the fourth. Auto sales increased 71.5 percent after increasing 10.4 percent. Domestic-car sales accounted for nearly three-fourths of the first-quarter increase in new-car sales. In units, domestic-car sales increased to 7.5 million from 7.1 million, and imported-car sales increased to 2.0 million from 1.9 million. Truck sales increased 33.4 percent after increasing 65.3 percent. Light domestic trucks accounted for nearly all of the first-quarter increase; sales of minivans, sport utilities, and full-size pickups remained very strong. In units, light domestic trucks increased to 5.9 million from 5.5 million, light imported trucks increased to 0.2 million from 0.1 million, and "other" trucks were unchanged at 0.4 million. About half of the first-quarter jump in motor vehicle sales was accounted for by consumers. Business and net exports accounted for most of the rest. Sales to consumers increased 29.3 percent after increasing 26.3 percent; auto sales accounted for three-fourths of the first-quarter jump. The strength in first-quarter sales to consumers is consistent with recent improvements in consumer attitudes and incomes. The Index of Consumer Sentiment (prepared by the University of Michigan's Survey Research Center) jumped from 84.0 in the fourth quarter to 93.0 in the first, its highest level in 5 years. Real disposable personal income increased 2.7 percent, the fourth consecutive increase; over the past four quarters, it has increased 3.9 percent. In addition, interest rates on new-vehicle loans remained low; for example, the rate on 48-month new car loans at commercial banks averaged 7.54 percent in February. The first-quarter increase in motor vehicle inventories was more than accounted for by trucks. Auto inventories decreased in the first quarter after increasing in the fourth; based on units, the inventory-sales ratio for domestic new cars was unchanged at 2.5—just above the traditional industry target of 2.4. Prices The fixed-weighted price index for gross domestic purchases increased 2.3 percent in the first quarter, the same rate as in the fourth quarter (table 4). A slowdown in food prices and a downturn in energy prices roughly offset an acceleration in prices paid by the Federal Government for employee services. Prices of personal consumption expenditures increased 2.1 percent after increasing 2.8 percent. A slowdown in food prices mainly reflected downturns in the prices of fresh fruits and vegetables and slowdowns in the prices of seafood and poultry. Gasoline and oil contributed the most to the downturn in energy prices, but electricity and gas also contributed; fuel oil and coal turned up. Slowdowns were widespread in prices of other personal consumption expenditures; two exceptions were transportation services and durable goods excluding both motor vehicles and "furniture and household equipment." Prices of nonresidential fixed investment increased 1.8 percent after increasing 1.2 percent. Prices of nonresidential structures in- April 1994 SURVEY OF CURRENT BUSINESS April 1994 creased somewhat less in the first quarter than in the fourth. Prices of producers' durable equipment increased after little change. Prices of transportation equipment posted the largest increase in 3 years, and prices of information processing equipment decreased again, reflecting a decrease in computer prices. Prices of residential investment increased 2.2 percent after increasing 3.2 percent. The firstquarter increase was substantially below the 3.9-percent average rate of increase over the preceding six quarters and substantially above the 1.0-percent average rate of increase over the six quarters before that. Prices of government purchases increased 3.7 percent after increasing 1.0 percent. Prices paid by the Federal Government increased 4.6 percent after increasing 0.5 percent; the step-up was attributable to a pay raise for Federal employees.2 Prices paid by State and local governments increased 3.0 percent after increasing 1.5 percent; prices of goods turned up, and prices of serv2. In the NIPA'S, an increase in the rate of Federal employee compensation is treated as an increase in the price of employee services purchased by the Federal Government. First-Quarter 1994 Advance GDP Estimate: Source Data and Assumptions The advance GDP estimate for the first quarter is based on the following major source data, some of which are subject to revision. (The number of months for which data were available is shown in parentheses.) Personal consumption expenditures: Sales of retail stores (3) and unit auto and truck sales (3); Nonresidential fixed investment Unit auto and truck sales (3), construction put in place (2), manufacturers' shipments of machinery and equipment (3), and exports and imports of machinery and equipment (2); Residential investment Construction put in place (2) and housing starts (3); Change in business inventories: Manufacturing and trade inventories (2) and unit auto and truck inventories (3); Net exports of goods and services: Exports and imports of goods and services (2); Government purchases: Military outlays (3), other Federal outlays (2), State and local construction put in place (2), and State and local employment (3); GDP prices: Consumer Price Index (3), Producer Price Index (3), price indexes for nonpetroleum merchandise exports and imports (3), and values and quantities of petroleum imports (2). The Bureau of Economic Analysis (BEA) made assumptions for the source data that were not available. A table detailing these assumptions is available on the Department of Commerce's Economic Bulletin Board or from BEA; the assumptions are summarized in table A. Table A.—Summary of Major Data Assumptions for Advance Estimate, 1994:1 [Billions of dollars, seasonally adjusted at annual rates] 1994 1993 October Fixed investment: Nonresidential structures: Buildings, utilities, and farm: Value of new nonresidential construction put in place Producers' durable equipment: Manufacturers' shipments less exports, aircraft industry, nondefense Manufacturers' shipments, other than aircraft industry Residential structures: Value of new residential construction put in place: 1-unit structures 2-or-more-unit structures Government purchases: State and local: Structures: Value of new construction put in place 1. Assumed. 2. Aircraft industry shipments, which were available through March, were used (along with exports and imports) to estimate the first-quarter change in producers' durable equipment January February March 135.6 138.7 139.0 132.2 129.6 136.8» 4.3 344.2 3.1 366.9 5.2 375.5 1.0 355.4 2.5 373.0 11.52 370.3 2 139.5 10.5 144.5 11.2 150.8 11.3 150.6 10.6 151.4 10.8 155.6l 11.2x 6.1 37.0 -32.9 15.1 53.1 35.0' 457.2 459.9 486.8 457.3 440.6 456.9l 611.9 -154.7 599.3 -139.3 595.1 -108.3 593.5 -136.2 603.2 -162.6 116.1 Change in business inventories nonfarm: Change in inventories for manufacturing and trade (except nonmerchant wholesalers) for industries other than motor vehicles and equipment in trade Net exports: Exports of merchandise: U.S. exports, excluding gold, balance-of-payments basis Imports of merchandise: U.S. imports, excluding gold, balance-of-payments basis Net merchandise trade (exports less imports) November December 120.7 124.6 112.0 110.2 610.1 » -153.2' 118.8» for aircraft. Shipments of complete civilian aircraft, the usual source data, are available only through February. April 1994 SURVEY OF CURRENT BUSINESS ices increased somewhat more than in the fourth quarter. The price index for GDP, which measures the prices paid for goods and services produced in the United States, increased 2.9 percent after increasing 2.3 percent. This index, unlike the index for gross domestic purchases, includes prices of exports and excludes prices of imports. Export prices increased more in the first quarter than in the fourth. All major end-use categories of exports except nonautomotive capital Table 4—Price Indexes (Fixed Weights): Change From Preceding Quarter (Percent change at annual rates; based on seasonally adjusted index numbers (1987=100)] 1994 1993 Gross domestic product 2.1 .6 -2.7 2.8 3.8 Less: Exports of goods and services Plus: Imports ol goods and services 2.9 Equals: Gross domestic purchases 2.3 2.9 .7 1.1 Personal income Real disposable personal income (DPI) increased 2.7 percent in the first quarter after increasing 5.4 percent in the fourth (chart 3). The deceleration was more than accounted for by a slowdown in current-dollar DPI, which increased 4.1 percent after increasing 7.8 percent. The personal saving rate—saving as a percentage of currentdollar DPI—decreased 0.3 percentage point to 3.7 percent, its lowest level in the current expansion. Personal income increased $65.4 billion in the first quarter after increasing $100.0 billion in the 3.7 -1.6 2.3 2.8 and consumer goods contributed to the step-up. Import prices turned down. The price of imported petroleum and products posted its third straight drop of roughly 30 percent; all other major end-use categories of imports except industrial supplies and materials contributed to the downturn. 2.3 Less: Change in business inventories 2.9 1.8 2.3 2.4 2.9 2.3 -1.5 3.4 2.5 3.8 1.8 5.0 2.6 1.4 .3 -4.2 2.0 1.9 3.4 1.0 4.6 2.5 2.8 3.2 2.4 2.8 1.2 3.2 .1 3.2 1.0 2.1 1.1 -1.5 2.5 1.8 2.5 1.3 2.2 3.7 4.1 16.1 3.0 -3.4 -36.6 .5 .3 -27.5 3.2 -1.7 -32.0 1.2 Equals: Final sales to domestic purchasers Personal consumption expenditures Food Energy Other personal consumption expenditures .... Nonresidential fixed investment Nonresidential structures Producers' durable equipment Residential investment Government purchases Addenda: Merchandise imports Petroleum and products Other merchandise Selected Personal Income and Saving Measures Billions $ ND^E.—Percent changes > ma]or aggregates are found m table 8.1 of the "Selected NIPA n Tables." Most moex number levels are found in tables 7,1 and 7.2. 1 10.6 Gross Domestic Purchases Prices (Fixed Weights): Change From Preceding Quarter 1991 1992 1993 Note—Percent change at annual rate from preceding quarter; based on seasonally adjusted index numbers (1987=100). U.S. Deparfrnent of Commerce, Bureau of Economic Analysis 1994 !•'• 1991 1992 1993 1994 Based on Seasonally Adjusted Annual Rates Note—Changes are from preceding quarter. U.S. Deparbnent of Commerce, Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS April 1994 fourth (table 5). Proprietors' income and rental income of persons more than accounted for the slowdown. Farm proprietors' income increased $3.6 billion after increasing $31.6 billion. Federal subsidy payments to farm proprietors decreased $4.1 billion after increasing $14.5 billion. If the subsidies and the adjustments for the effects of last year's floods and drought on fourth-quarter income are excluded, farm proprietors' income increased $4.5 billion in the first quarter after increasing $11.0 billion in the fourth; the slowdown reflected weaker increases in farm prices and lower livestock production. Nonfarm proprietors' income increased $5.0 billion after increasing $13.0 billion. The deceleration reflected slowdowns in residential construction and in retail sales. Rental income of persons decreased $12.9 billion after increasing $2.7 billion. As mentioned earlier, nonfarm proprietors' income and rental income in the first quarter were reduced by adjustments for damage resulting from the Northridge earthquake. Wage and salary disbursements increased $51.1 billion after increasing $34.2 billion. Wages and salaries in both private industry and government increased more in the first quarter than in the fourth. In private industry, a step-up to $44.5 billion from $31.6 billion was concentrated in the service and distributive industries; manufacturing also contributed, reflecting bonus payments to employees in the motor vehicle industry. In government, a step-up to $6.6 billion from $2.6 billion mainly reflected the Federal pay raise; the rest was accounted for by an adjustment to State and local government compensation that reflected rescue and cleanup efforts associated with the earthquake. Transfer payments increased $14.8 billion after increasing $11.3 billion. The step-up was due to cost-of-living adjustments (COLA'S) to benefits under social security and several other Federal Table 5.—Personal Income and Its Disposition [Billions of dollars; seasonally adjusted at annual rates] Level 1993 1994:1 1994 II Wage and salary disbursements .... Commodity-producing industries Manufacturing Other Distributive industries Service industries Government 3,200.7 789.5 595.8 193.7 733.5 1,075.8 602.0 Level Change from preceding quarter 108.4 24.4 20.6 3.8 26.2 55.6 2.2 Change from preceding quarter 1994 1993 1994:1 I 32.7 4.3 1.2 3.1 5.3 16.6 6.5 34.2 9.9 6.3 3.6 5.7 15.9 2.6 51.1 10.2 8.0 2.2 13.4 21.1 6.6 Other labor income 371.9 8.1 8.1 8.2 9.0 Proprietors' income with IVA and CCAdj 475.6 60.0 415.6 -4.7 -8.7 4.0 -16.9 -22.2 5.2 44.5 31.6 13.0 8.6 3.6 5.0 Rental income of persons with CCAdj .... Personal dividend income Personal interest income 3.5 160.7 700.2 5.2 .8 -2.3 1.0 1.2 2.6 2.7 .4 1.0 -12.9 1.3 3.5 Transfer payments to persons 944.6 11.1 13.0 11.3 14.8 279.1 7.9 2.3 2.4 9.9 5,578.1 118.5 39.5 100.0 23.9 8.0 10.2 16.5 4,862.4 94.7 31.5 89.8 48.9 Less: Personal outlays 4,680.4 63.9 60.4 76.1 60.3 Equals: Personal saving 182.0 30.8 -29.0 13.7 -11.4 In nonfarm proprietors' income: Uninsured losses to business property:l Due to Midwest floods Due to Northridge, California -7.4 -11.0 14.5 -4.1 -9.3 6.1 3.2 65.4 715.7 In farm proprietors' income: Agricultural subsidy payments Uninsured losses to residential and business property and crop losses due to Midwest floods and Southeast drought l Farm Nonfarm Less. Personal contributions for social insurance Personal income Less: Personal tax and nontax payments Equals: Disposable personal income . Addenda: Special factors in personal income: In wages and salaries: Federal Government and Postal Service pay adjustments Profit sharing and bonus pay (including accelerated bonuses) -2.2 1.6 79.8 NOTE.—Most dollar levels are found in table 2.1 of the "Selected NIPA Tables." IVA Inventory valuation adjustment CCAdj Capital consumption adjustment -1.0 2.6 1.7 earthquake In rental income of persons with CCAdj: Uninsured losses to nonfarm residential and business property:l Due to Midwest floods Due to Northridge, California earthquake In transfer payments to persons: Social security retroactive payments Cost-of-living increases in Federal transfer payments Emergency unemployment compensation payments Midwest floods Northridge, California earthquake .. In personal contributions for social insurance: Social security rate and base changes and increase in the premium for supplementary medical insurance -.7 0 0 -1.4 0 1.9 0 0 -1.9 -19.5 0 1.2 0 0 .2 .3 -2.5 -.1 0 -1.2 -4.7 -.2 1.4 6.2 1. These estimates mainly reflect adjustments to account for uninsured losses to residential and business property; however, some of the estimates include relatively small amounts reflecting other items. April 1994 SURVEY OF CURRENT BUSINESS retirement and income support programs; the COLA'S, which became effective in January, added $8.9 billion to transfer payments. Emergency unemployment benefits decreased $4.7 billion after decreasing $2.5 billion. Personal contributions for social insurance, which are subtracted in deriving the personal income total, increased $9.9 billion after increasing $2.4 billion. The first-quarter increase was boosted $6.2 billion by several program changes: An increase in the social security taxable wage base for employees and in the social security taxable earnings base for the self-employed from $57,600 to $60,600; the removal of the $135,000 cap on the medicare taxable wage base; and an increase in the monthly premium for supplementary medical insurance. Personal tax and nontax payments increased $16.5 billion after increasing $10.2 billion. The first-quarter increase in Federal income tax payments reflected the effects of tax rate changes and other provisions of the Omnibus Budget Reconciliation Act of 1993, as well as the growth in wages and salaries. The increase was restrained by the annual revision of the withholding tables to reflect the inflation indexing provisions of earlier tax law. (inflows), reflecting the stronger growth in the U.S. economy than in many foreign economies. Cash flow from current production, a profitsrelated measure of internally generated funds available to corporations for investment, increased $25.4 billion after increasing $21.4 billion. Cash flow as a percentage of nonresidential fixed investment was 85.4 percent in 1993, down from 89.7 percent in 1992, but still much higher than its 72.1-percent average in the 1980^. Current-production measures of profits are not available for individual industries because estimates of the ccAdj by industry do not exist; profits before tax (PBT) with IVA is the best available measure. Most manufacturing industries posted smaller increases in 1993 than in 1992; however, profits from petroleum refining increased much more than in 1992. In contrast to the slowdown in manufacturing profits, profits in trade and in the transportation and utilities group turned up. Related measures.—PBT increased $54.0 billion after increasing $33.1 billion. The difference beTable 6.—Corporate Profits Level Corporate Profits and Property Income in 1993 Profits from current production—profits before tax plus inventory valuation adjustment (IVA) and capital consumption adjustment (ccAdj)— increased $59.4 billion in 1993, to $466.6 billion, after increasing $37.7 billion in 1992 (table 6).3 Profits from the domestic operations of nonfinancial corporations increased $42.2 billion after increasing $44.4 billion. In both years, real gross product of these corporations increased about 4 percent. Moreover, profits per unit increased substantially in both years, as unit labor costs increased much less than unit prices. Profits from the domestic operations of financial corporations increased $20.7 billion after decreasing $2.0 billion. The upturn was more than accounted for by property and casualty insurance carriers, whose profits had turned negative in 1992 in the wake of Hurricanes Andrew and Iniki. Profits from the rest of the world decreased $3.6 billion after decreasing $4.6 billion. In both years, payments (outflows) increased more than receipts 3. According to the revised estimates (released April 28, 1994), profits increased $39.4 billion in the fourth quarter of 1993; the preliminary estimates, released March 31, had shown a $42.0 billion increase. 1993 Change from preceding year 1992 1993 Billions of dollars Profits from current production Domestic Financial Nonfinancial Rest of the world IVA CCAdj Profits before tax Profits tax liability Profits after tax Cash flow from current production Profits by industry: Profits before tax with IVA Domestic Financial Nonfinancial Manufacturing Trade Transportation and public utilities Other Rest of the world Receipts (inflows) Payments (outflows) 466.6 407.9 87.4 320.5 58.7 37.7 42.3 -2.0 44.4 -4.6 59.4 63.0 20.7 42.2 -3.6 -7.1 24.3 449.4 174.0 275.4 -10.2 14.9 33.1 16.5 16.6 -1.8 7.2 54.0 27.7 26.3 532.4 21.4 25.4 442.3 383.6 99.0 284.6 131.7 54.4 57.8 40.6 58.7 71.3 12.6 22.8 27.4 -2.6 30.1 25.7 -1.1 -2.4 7.8 -4.6 1.7 6.3 52.2 55.8 20.9 34.8 16.2 8.1 5.8 4.6 -3.6 6.1 9.6 Dollars Unit prices, costs, and profits of domestic nonfinancial corporations: Unit price Unit labor cost Unit nonlabor cost Unit profits from current production 1.164 .768 .287 ,109 0.012 .004 -.004 .013 0.015 .006 -.002 .010 NOTE.—Dollar levels of these and other profits series are found in tables 1.14, 1.16, 6.16C, and 7.15 of the "Selected NIPA Tables." IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 8 • April 1994 SURVEY OF CURRENT BUSINESS tween the increase in PBT and the increase in profits from current production in 1993 reflected an increase in the ccAdj that more than offset a decrease in the IVA. The ccAdj is the difference between the predominantly tax-based depreciation measure that underlies PBT and BEA'S estimate of the consumption of fixed capital. The ccAdj increased $7.2 billion in 1993. The IVA is an estimate, with the sign reversed, of the inventory profits that are included in PBT. Inventory profits increased $1.8 billion in 1993. Property income Corporate property income includes net interest payments as well as profits from current production. For domestic nonfinancial corporations, net interest payments decreased $1.6 billion in Table 7.—Property Income of Domestic Nonfinancial Corporations and Related Series, 1959-93 [Billions of dollars] Property income Profits from current production Year Total Net interest Total Profits after tax (1) 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 Profits tax liability (2) (3) (4) (5) 45.8 43.4 44.7 52.7 58.6 65.4 76.4 82.3 80.5 86.1 84.4 74.2 85.3 96.1 106.0 98.9 120.2 139.0 162.6 182.4 183.2 178.9 208.9 194.0 236.6 302.2 312.1 302.0 350.0 396.0 401.8 404.9 375.2 413.6 454.2 42.6 40.0 40.8 48.2 53.8 60.0 70.3 74.9 71.8 76.0 71.3 57.1 67.2 77.0 83.6 70.6 91.5 111.5 132.0 146.1 138.1 120.7 136.9 111.5 159.9 214.3 221.4 203.8 244.2 274.4 255.2 256.4 233.9 278.3 320.5 20.7 19.2 19.5 20.6 22.8 24.0 27.2 29.5 27.8 33.6 33.3 27.2 29.9 33.8 40.2 42.2 41.5 53.0 59.9 67.1 69.6 67.0 63.9 46.3 59.4 73.7 69.9 75.6 93.5 101.7 99.5 93.9 82.7 98.2 117.0 21.9 20.8 21.3 27.5 31.0 36.1 43.1 45.4 43.9 42.4 37.9 29.9 37.2 43.2 43.4 28.4 50.0 58.5 72.1 79.0 68.5 53.7 73.0 65.2 100.4 140.7 151.5 128.2 150.8 172.6 155.7 162.5 151.2 180.1 203.5 3.1 3.5 4.0 4.5 4.8 5.3 6.1 7.4 8.8 10.1 13.2 17.1 18.1 19.2 22.5 28.3 28.7 27.5 30.6 36.3 45.1 58.2 71.9 82.5 76.7 87.9 90.7 98.3 105.8 121.6 146.6 148.5 141.3 135.3 133.7 Domestic income Net reproducible assets' (6) (7) 217.2 224.6 230.1 252.8 269.7 292.0 322.8 356.2 372.8 409.3 443.3 452.8 487.3 543.2 612.0 655.7 700.6 795.7 904.4 1,032.6 1,147.4 1,232.4 1,373.6 1,404.0 1,508.2 1,711.4 1,815.3 1,883.6 2,024.9 2,210.2 2,322.0 2,425.8 2,429.0 2,563.1 2,709.8 392.0 406.9 417.7 431.0 448.6 471.0 503.4 551.0 603.9 660.4 729.3 800.2 871.0 955.2 1,076.2 1,273.1 1,468.0 1,612.9 1,779.3 2,000.4 2,283.1 2,606.0 2,938.1 3,180.3 3,300.2 3,435.8 3,606.7 3,744.1 3,889.6 4,101.4 4,327.7 4,516.6 4,634.0 4,698.8 4,827.1 1. Structures, equipment, and inventories, valued at current replacement cost. Data are averages ol end-of-year values lor adjacent years. NOTE.—Property income is profits from current production plus net interest. Profits from current production is corporate profits with inventory valuation adjustment and capital consumption adjustment. Profits after tax is also shown with inventory valuation adjustment and capital consumption adjustment. Current data on most series are shown in table 1.16 of the "Selected NIPA Tables." The value of structures and equipment through 1992 are from Fixed Reproducible Tangible Wealth in the United States. 1925-89, (Washington DC: U.S. Government Printing Office, 1993) and from SURVEY OF CURRENT BUSINESS 73 (September 1993): 64-65. Data on structures and equipment for 1993 and all data on inventories are unpublished BEA estimates. 1993, to $133.7 billion, after decreasing $6.0 billion in 1992. Chart 4 and table 7 provide a perspective on the recent changes in both types of property income. From 1970 to 1990, both types trended up, but net interest, which increased at an average annual rate of 11.4 percent, generally increased much faster than profits, which increased at an average annual rate of 7.8 percent. As a result, the share of net interest in property income rose from 23.0 percent in 1970 to 36.7 percent in 1990. Since 1990, however, net interest has decreased each year (at an average rate of 3.4 percent); the downtrend reflects the ebbing of the wave of leveraged buyouts that were so prominent in the I98o's, the efforts by corporations to restructure balance sheets, and falling interest rates. Profits, in contrast, decreased only in 1991; in 1992 and i993> profits increased at an average rate of 17.1 percent. As a consequence, the share of net interest in property income slid to 29.4 percent in 1993Further perspective on recent changes in property income can be gained by examining the relationship of property income to the stock of net reproducible assets and to domestic income. Net reproducible assets consist of fixed capital stock and inventories, both of which are measured at current replacement cost; these assets increased 2.7 percent in 1993 after increasing 1.2 percent in 1992. From 1970 to 1990, in contrast, these assets grew at an average rate of 9.0 percent. Domestic income of corporations is property CHART 4 Profits From Current Production and Net Interest, Domestic Nonfinancial Corporations, 1970-93 BHHon$ $ 400 300 200 100 Net Interest I I I I I I I I I I I I II 1970 72 74 76 78 80 82 84 66 88 90 92 U.S. DspflrtmntOi ConviHfoOt BUTMUOI EbononncnTMiyos ..- : April 1994 SURVEY OF CURRENT BUSINESS income plus compensation of employees; it increased 5.7 percent in 1993 after increasing 5.5 percent in 1992. The ratio of property income to the stock of net reproducible assets is the average rate of return on these assets. The use of property income, rather than profits alone, as the numerator of this ratio captures the total return to investment (profits plus interest) regardless of whether the investment was financed by equity or by debt.4 The ratio of property income to domestic income is property income's share of domestic income—that is, the fraction of domestic income that is not used to compensate labor. Property 4. Rates of return can be calculated in many other ways; several are discussed in some detail in the box "Rates of Return" in SURVEY OF CURRENT BUSINESS 69 (April 1989): 8. Table 8.—Rate of Return, Income Share, and Average income's share is related to the rate of return by a third ratio—the ratio of domestic income to the value of net reproducible assets, which measures the average annual product per dollar of capital.5 The three ratios are plotted for 1970-93 in chart 5 and are reported, along with related ratios, for 1959-93 in table 8. Property income's rate of return (column 1) and its share of domestic income (column 6) appear to have shifted to lower levels around 1970. The rate of return fell from an average of 12.8 percent in 1959-69 to an average of 8.6 percent in 1970-93; the share of domestic income fell from an average of 21.2 percent to an average of 16.6 percent. In 1993, property income's rate of return and its share of domestic income continued to rebound from cyclical decreases in 1991 that took the ratios to their lowest levels in almost a decade. Higher profits were responsible for the rebounds in both ratios. H Product of Capital, Domestic Nonfinancial Corporations, 1959-93 [Percent] Rate of return Share of domestic income Property income Property income Profits from current production Net interest Average product of capital (6) (7) (8) (9) 21.1 19.3 19.4 20.8 21.7 22.4 23.7 23.1 21.6 21.0 19.0 16.4 17.5 17.7 17.3 15.1 17.2 17.5 18.0 17.7 15.9 14.5 15.2 13.8 15.6 17.6 17.1 16.0 17.3 17.9 17.3 16.7 15.4 16.1 16.8 19.6 17.8 17.7 19.1 19.9 20.6 21.8 21.0 195 18.6 16.1 12.6 13.8 14.2 13.7 10.8 13.1 14.0 14.6 14.1 12.0 9.8 9.9 7.9 10.6 12.5 125 10.8 12.1 12.4 11.0 10.6 9.6 10.9 11.8 Profits from current production Year 5. It should be noted that this ratio is not appropriate for use in productivity analysis; for productivity analysis, the denominator should measure capital services, not capital stock. Total Total Profits tax liability Profits after tax 0) (2) (3) (4) 11.7 10.7 10.7 12.2 13.1 13.9 15.2 14.9 13.3 13.0 11.6 9.3 9.8 10.1 9.9 7.8 8.2 8.6 9.1 9.1 8.0 6.9 7.1 6.1 7.2 8.8 8.7 8.1 9.0 9.7 9.3 9.0 8.1 8.8 9.4 10.9 9.8 9.8 11.2 12.0 12.7 14.0 13.6 11.9 11.5 9.8 7.1 7.7 8.1 7.8 5.5 6.2 6.9 7.4 7.3 6.0 4.6 4.7 3.5 4.8 62 6.1 5.4 6.3 6.7 5.9 5.7 5.0 5.9 6.6 Net interest (5) Total CHART 5 Selected Ratios, Domestic Nonfinancial Corporations, 1970-93 Percent 15 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 5.3 4.7 4.7 4.8 5.1 5.1 5.4 5.4 4.6 5.1 4.6 3.4 3.4 3.5 3.7 3.3 2.8 3.3 3.4 3.4 3.0 2.6 2.2 1.5 1.8 2.1 1.9 2.0 2.4 2.5 2.3 2.1 1.8 2.1 2.4 5.6 5.1 5.1 6.4 6.9 7.7 8.6 8.2 7.3 6.4 5.2 3.7 4.3 4.5 4.0 2.2 3.4 3.6 4.1 3.9 3.0 2.1 2.5 2.1 3.0 4.1 4.2 3.4 3.9 4.2 3.6 3.6 3.3 3.8 4.2 0.8 .9 .9 1.1 1.1 1.1 1.2 1.3 1.5 1.5 1.8 2.1 2.1 2.0 2.1 2.2 2.0 1.7 1.7 1.8 2.0 2.2 2.4 2.6 2.3 2.6 2.5 2.6 2.7 3.0 3.4 3.3 3.0 2.9 2.8 1.4 1.5 1.7 1.8 1.8 1.8 1.9 2.1 2.4 2.5 3.0 3.8 3.7 3.5 3.7 4.3 4.1 3.5 3.4 3.5 3.9 4.7 52 5.9 5.1 5.1 5.0 5.2 52 5.5 6.3 6.1 5.8 5.3 4.9 0.555 .554 .552 .587 .604 .621 .641 .645 .616 .619 .611 .567 .560 .571 .572 .517 .477 .491 .506 .514 .503 .476 .467 .442 .462 .500 .509 .506 .520 .542 .538 .539 .526 .547 .560 Source: Table 7. NOTE.—Columns 1-5 are percentages of the stock of net reproducible assets (structures, equipment, and inventories] valued at current replacement cost Columns 6-6 are percentages of domestic income. Column 9 is calculated as the ratio of column 1 to column 6. RATE OF RETURN 10 5 I I I I I I I I I I I I I I I I I I I I I Percent 20 PROPERTY INCOMES SHARE 15 I 10 I I I I I I I I I I I I I I I I I Ratio .6 PRODU CT PER DOLLAR OF CAPITAL •—*~\ / • —s/ 5 4 I I I1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1970 72 74 76 78 80 82 84 86 US. Depertmnt of Commerce, Bureau of Eaonomie Anrfyw I I I I 88 90 92 April 1994 SURVEY OF CURRENT BUSINESS 10 NATIONAL INCOME AND P R O D U C T ACCOUNTS Selected NIPA Tables New estimates in this issue: "Advance" estimates for the first quarter of 1994. The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) These tables are available on the day of the gross domestic product (GDP) news release on printouts and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. For order information, write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or call (202) 606-5304. Tables containing the estimates for 1929-87 are available in the two-volume set National Income and Product Accounts of the United States, see inside back cover for order information. For 1988-92, the complete official time series of NIPA estimates can be found as follows: 1988 1989 N/PA'S, VOl. 2 Most tables Tables 1.15, 1.16, and 7.15 Tables 3.15-3.20 and 9.1-9.6... Sept. 1993 SURVEY Tables 7.1, 7.2, and 8.1 Apr. 1993 SURVEY Tables 7-3-7-12 1990-92 July 1992 SURVEY Aug. 1993 SURVEY Sept. 1993 SURVEY Sept. 1992 SURVEY Sept. 1993 SURVEY Apr. 1993 SURVEY Summary NIPA series back to 1929 are in the September 1993 SURVEY. Errata to published NIPA tables appear in the September 1992, April 1993, October 1993, and March 1994 issues, NIPA tables are also available, most beginning with 1929, on diskettes or magnetic tape. For more information on the presentation of the estimates, see "A Look at How BEA Presents the NIPA'S" in the February 1994 SURVEY. NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division. Table 1.1.—Gross Domestic Product Table 1.2.—Gross Domestic Product in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 Gross domestic product Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Nonfarm Farm Net exports of goods and services Exports , Imports , Government purchases Federal National defense .... Nondefense State and local 1993 1992 6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,609.4 Gross domestic product 1993 1993 1992 1994 4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,259.0 4,139.9 4,391.8 4,256.2 4,296.2 4,359.9 4,419.1 4,492.0 4,549.4 Personal consumption expenditures 3,341.8 3,453.2 3,397.2 3,403.8 3,432.7 3,469.6 3,506.9 3,539.8 497.3 537.9 516.6 515.3 531.6 541.9 562.8 577.4 1,300.9 1,350.0 1,331.7 1,335.3 1,344.8 1,352.4 1,367.5 1,376.1 2,341.6 2,503.9 2,407.9 2,445.5 2,483.4 2,524.8 2,561.8 2,595.9 Durable goods Nondurable goods Services 456.6 490.0 473.4 471.9 484.2 493.1 510.9 522.9 1,062.9 1,088.1 1,081.8 1,076.0 1,083.1 1,093.0 1,100.2 1,106.7 1,822.3 1,875.2 1,842.0 1,855.9 1,865.4 1,883.5 1,895.8 1,910.2 796.5 891.7 833.3 874.1 874.1 884.0 934.5 978.0 789.1 565.5 172.6 876.1 623.7 178.7 821.3 579.5 171.1 839.5 594.7 172.4 861.0 619.1 177.6 876.3 624.9 179.1 927.6 656.0 185.8 943.8 664.7 178.9 392.9 223.6 445.0 252.4 408.3 241.8 422.2 244.9 441.6 241.9 445.8 251.3 470.2 271.6 485.8 279.1 7. 23 5'.0 15.6 21.1 -5.5 12.0 9. 2.4 34.6 33.0 1.5 13.1 16.8 -3.7 7.7 22.6 -14.9 6.9 12.0 -5.0 34.2 33.7 .5 -29.6 -63.6 -38.8 -48.3 -65.1 -71.9 -69.1 -82.4 640.5 670.1 661.7 725.: 654.7 651. 699.6 660.0 725.0 653.2 725.1 682.4 751. 693J 751.2 1,131.8 1,158.1 1,143.8 1,139.7 1,158.6 1,164.8 1,169.1 1,164.4 448.8 313.8 135.0 683.0 443.4 303.4 140.1 714.6 452.4 315.7 136.7 691.4 442.7 304.8 137.9 697.0 447.5 307.6 140.0 711.1 443.6 301.9 141.7 721 440.0 299.2 140.7 729. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1992 1994 1993 434.0 292.8 141.2 730.3 Gross private domestic investment Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Nonfarm Farm Net exports of goods and services Exports . Imports . Government purchases Federal National defense .... Nondefense State and local 732.9 820.3 763.0 803.0 803.6 813.4 861.4 896.7 726.4 529.2 150.6 806.0 591.8 151.5 754.3 543.7 148.0 773.7 562.3 148.2 790.6 584.3 151.1 806.9 594.8 151.2 852.9 625.7 155.6 866.2 634.1 148.9 378.6 197.1 440.2 214.2 395.7 210.6 414.1 211.4 433.2 206.2 443.6 212.1 470.0 227.2 485.1 232.2 14.3 19.7 -5.3 8.7 7.5 1.2 29.3 2.7 3.8 29.3 0 13.0 17.1 -4.1 19.4 -12.9 8.5 12.9 -4.4 30.5 30.7 -.2 -33.6 -76.5 -38.8 -59.9 -75.2 -86.3 -84.5 -104.2 578.0 611.6 598. 674.8 591.6 630.3 588.0 647.9 593.2 668.4 591.9 678.2 620.0 704.5 945.2 938.9 946.9 931.3 941.1 941.7 941.7 926.8 373.0 261 111.8 572.2 354.9 242.4 112.5 584.0 373.7 261.3 112.4 573.2 357.6 246.0 111.5 573. 359.4 246.4 113.0 581.6 353.7 240.1 113.7 588.0 349.0 237.1 111.8 592.8 338.0 228.4 109.6 588.9 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 605.0 709.3 SURVEY OF CURRENT BUSINESS April 1994 Table 1.4.—Gross Domestic Product by Major Type of Product in Constant Dollars Table 1.3.—Gross Domestic Product by Major Type of Product [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 Gross domestic product Final sales of domestic product Change in business inventories Goods 1 1993 1992 1994 1993 6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,609.4 6,031.2 6,362.3 6,182.5 6,227.1 6,314.5 6,388.2 6,519.6 6,575.2 7.3 15.6 12.0 34.6 13.1 7.7 6.9 34.2 2,312.8 2,421.9 2,377.6 2,397.4 2,408.1 2,409.4 2,472.7 2,519.7 Final sales Change in business inventories 2,305.5 2,406.3 2,365.6 2,362.9 2,395.0 2,401.7 2,465.8 2,485.5 Durable goods Final sales Change in business inventories 977.9 1,047.9 1,007.1 1,018.6 1,040.5 1,047.7 1,084.7 1,118.0 975.8 1,037.0 1,008.3 1,003.5 1,037.8 1,032.9 1,073.7 1,087.9 Nondurable goods Final sales Change in business inventories 1,334.9 1,374.0 1,370.5 1,378.9 1,367.5 1,361.6 1,388.0 1,401.7 1,329.6 1,369.3 1,357.3 1,359.3 1,357.1 1,368.8 1,392.1 1,397.6 Services1 . 7.3 2.0 5.3 15.6 10.9 4.7 12.0 -1.2 13.2 34.6 15.0 19.5 13.1 2.7 10.4 34.2 7.7 14.8 -7.2 11.0 -4.1 30.1 4.1 3,221.1 3,410.5 3,296.1 3,341.8 3,388.1 3,437.8 3,474.3 3,516.5 504.6 Structures . 545.5 520.8 522.4 531.5 548.7 579.5 573.1 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal (Billions of dollars] Less: Change in business inventories Equals: Final sales to domestic purchasers2 Final sales of domestic product Change in business inventories Goods * 1994 1993 1992 4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,259.0 4,979.8 5,121.7 5,059.6 5,048.9 5,089.1 5,131.8 5,217.1 5,228.6 6.5 14.3 8.7 29.3 13.0 6.5 8.5 30.5 2,005.7 2,083.8 2,057.7 2,060.2 2,069.1 2,074.9 2,130.9 2,161.0 Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services1 . Structures . 1,999.2 2,069.5 2,049.0 2,030.9 2,056.1 2,068.5 2,122.5 2,130.6 6.5 14.3 8.7 29.3 914.0 911.7 981.2 970.6 941.8 942.6 951.2 938.2 964.9 2.4 10.6 13.0 3.9 13.0 6.5 8.5 30.5 982.5 1,022.2 1,047.8 968.7 1,010.5 1,020.9 13.9 11.7 26.9 1,091.7 1,102.6 1,116.0 1,109.0 1,100.2 1,092.4 1,108.7 1,113.3 1,087.6 1,098.9 1,106.4 1,092.7 1,091.1 1,099.8 1,111.9 1,109.7 4.1 3.7 9.6 16.3 9.1 -7.4 -3.2 3.6 2,534.7 2,586.4 2,556.5 2,565.3 2,577.5 2,596.7 2,606.0 2,617.7 445.8 465.9 454.2 452.7 455.5 466.6 488.7 480.3 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Table 1.6.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers in Constant Dollars Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers Equals: Gross domestic purchases* Gross domestic product 1993 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Gross domestic product ... 1992 Government, are included in services. Government, are included in services. Less: Exports of goods and services Plus: Imports of goods and services • 11 [Billions of 1987 dollars] 6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,609.4 640.5 661.7 654.7 651.3 660.0 653.2 682.4 670.1 725.3 693.5 699.6 725.0 725.1 751.5 751.2 6,068.2 6,441.5 6,233.2 6,309.9 6,392.7 6,467.8 6,595.6 6,691.8 Gross domestic product ... Less: Exports of goods and services Plus: Imports of goods and services , Equals: Gross domestic purchases' 34.2 Less: Change in business inventories 6,060.8 6,425.9 6,221.2 6,275.4 6,379.5 6,460.1 6,588.7 6,657.6 Equals: Final sales to domestic purchasers2 7.3 15.6 12.0 34.6 13.1 7.7 6.9 4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,259.0 578.0 598.3 591.6 588.0 593.2 591.9 620.0 605.0 611.6 674.8 630.3 647.9 668.4 678.2 704.5 709.3 5,019.9 5,212.5 5,107.1 5,138.1 5,177.4 5,224.6 5,310.0 5,363.3 6.5 14.3 8.7 29.3 13.0 6.5 8.5 30.5 5,013.4 5,198.2 5,098.4 5,108.8 5,164.3 5,218.1 5,301.6 5,332.8 1. Purchases by U.S. residents of goods and services wherever produced. 1. Purchases by U.S. residents of goods and services wherever produced. 2. Final sales to U.S. residents of goods and services wherever produced. 2. Final sales to U.S. residents of goods and services wherever produced. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.7.—Gross Domestic Product by Sector Table 1.8.—Gross Domestic Product by Sector in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Gross domestic product Business 6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,609.4 5,114.4 5,404.5 5,254.4 5,303.0 5,359.0 5,416.6 5,539.5 5,607.9 Nonfarm 5,006.4 5,306.9 5,138.7 5,184.7 5,263.7 5,330.1 5,449.1 5,508.7 Nonfarm less housing .... 4,505.4 4,791.0 4,639.6 4,674.0 4,751.0 4,812.8 4,926.4 4,967.7 Housing 501.0 515.9 499.1 510.8 512.7 517.4 522.8 541.0 Farm 83.6 83.8 98.1 82.4 83.3 89.2 73.2 84.4 Statistical discrepancy 32.1 34.4 1.2 15.2 12.0 1.2 13.3 23.6 Households and institutions Private households Nonprofit institutions General government Federal State and local Addendum: Gross domestic business product less housing ... Gross domestic product Business 4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,259.0 4,267.6 4,408.0 4,346.2 4,353.9 4,374.1 4,408.4 4,495.4 4,527.3 Nonfarm 4,168.4 4,321.1 4,240.0 4,247.4 4,288.1 4,330.1 4,418.7 4,446.6 Nonfarm less housing .... 3,769.3 3,915.8 3,839.3 3,844.8 3,883.7 3,924.0 4,010.6 4,036.6 Housing 399.1 405.3 400.7 402.6 404.4 406.1 408.1 410.0 Farm 67.5 79.6 74.4 79.7 78.2 79.7 76.2 75.7 Statistical discrepancy 10.8 19.7 12.5 1.0 28.3 26.5 9.8 1.0 267.0 286.3 275.7 280.3 284.7 288.1 292.3 297.8 209.1 217.0 212.4 213.5 216.8 218.4 219.4 221.1 10.1 256.9 11.1 275.2 10.6 265.2 10.8 269.5 11.0 273.7 11.3 276.8 11.5 280.8 11.7 286.1 Private households .. Nonprofit institutions 8.8 200.4 9.3 207.7 9.0 203.4 9.2 204.3 9.3 207.5 9.4 209.0 9.5 209.9 9.6 211.5 657.1 687.1 664.3 678.4 683.9 691.2 694.7 703.7 General government .. 509.5 511.1 509.8 510.8 511.3 511.5 510.8 510.6 199.8 457.3 207.0 480.1 198.7 465.6 206.2 472.1 206.2 477.7 208.3 483.0 207.1 487.6 210.8 492.9 150.5 359.0 147.2 363.9 148.8 361.0 148.8 362.0 147.8 363.4 146.9 364.5 145.1 365.7 143.9 366.7 4,608.9 Households and institutions Federal State and local Addendum: Gross domestic business product less housing ... 3,864.9 12 • April 1994 SURVEY OF CURRENT BUSINESS Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income Table 1.10.—Relation of Gross Domestic Product, Gross National Product, Net National Product, and National Income in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates 1992 Gross domestic product Less: Consumption of fixed capital Capital consumption allowances Less: Capital consumption adjustment Equals: Net national product 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 Seasonally adjusted at annual rates 1994 129.2 131.7 122.3 122.8 131.9 135.1 131.6 124.8 122.4 132.3 128.7 142.8 671.3 648.0 663.2 663.3 679.7 679.0 Gross domestic product Equals: Gross national product 6,045.8 6,378.1 6,191.9 6,262.1 6,327.1 6,402.3 6,520.9 657.9 1992 Plus: Receipts of factor income from the rest of the world l Less: Payments of factor income to the rest of the world 2 137.2 121.9 734.5 Less: Consumption of fixed capital Equals: Net national product 605.7 630.0 612.1 622.3 624.8 636.3 636.4 664.9 -52.1 -41.3 -36.0 -40.9 -38.4 -43.4 -42.6 -69.5 5,387.9 5,706.8 5,543.9 5,598.8 5,663.9 5,722.6 5,841.9 Less: Indirect business tax and nontax liability Business transfer payments Statistical discrepancy Plus: Subsidies less current surplus of government enterprises Equals: National income 1993 1992 6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,609.4 Plus: Receipts of factor income from the rest of the world 1 Less: Payments of factor income to the rest of the world 2 Equals: Gross national product 1993 502.8 530.5 515.7 515.6 526.2 532.4 547.7 549.7 27.6 23.6 27.9 15.2 28.1 32.1 27.0 34.4 27.8 12.0 28.4 13.3 28.3 1.2 28.3 2.7 7.0 7.7 17.1 6.1 -5.3 10.3 7.2 Less: Indirect business tax and nontax liability plus business transfer payments less subsidies plus current surplus of government enterprises Statistical discrepancy 1993 1994 1993 1992 4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,259.0 105.5 104.7 98.9 98.3 105.0 107.1 108.5 97.7 102.2 98.8 95.8 103.0 99.6 110.4 4,994.0 5,138.6 5,068.4 5,080.7 5,104.1 5,145.8 5,223.7 595.0 598.6 584.0 595.0 592.5 604.4 602.4 648.9 4,399.0 4,540.0 4,484.4 4,485.8 4,511.6 4,541.4 4,621.3 402.0 19.7 417.5 12.5 409, 26.5 411.6 28.3 414.9 9.8 419.1 10.8 424.4 1.0 428.0 Equals: National income 3,977.3 4,110.1 4,048.6 4,045.9 4,087.0 4,111.4 4,196.0 Addenda: Net domestic product Domestic income Gross national income 4,391.2 4,537.5 4,484.4 4,483.3 4,509.6 4,533.8 4,623.2 4,610.1 3,969.5 4,107.5 4,048.5 4,043.4 4,085.0 4,103.9 4,197.8 4,974.3 5,126.1 5,041.9 5,052.5 5,094.3 5,135.0 5,222.7 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 4,836.6 5,140.3 4,975.8 5,038.9 5,104.0 5,143.2 5,275.0 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. Table 1.11.—Command-Basis Gross National Product in Constant Dollars 407.2 442.0 466.6 445.6 439.5 447.7 432.1 450.1 458.1 443.2 468.5 444.6 507.9 444.5 555.6 585.3 564.6 568.9 585.9 590.5 595.9 613.7 80.0 695.4 0 693.1 0 695.7 0 696.7 0 700.2 -20.0 694.3 20.0 695.2 -80.0 694.5 140.4 152.3 157.0 157.8 159.0 159.4 160.7 836.8 890.2 855.4 873.0 883.7 896.4 907.5 922.6 21.6 persons Business transfer payments to persons 158.3 21.9 22.0 21.4 21.8 22.1 22.3 22.0 [Billions of 1987 dollars] Gross national product Less: Exports of goods and services and receipts of factor income from the rest of the world Plus: Command-basis exports of goods and services and receipts of factor incomex . Equals: Personal income 5,144.9 5,388.3 5,328.3 5,254.7 5,373.2 5,412.7 5,512.7 5,578.1 Equals: Command-basis gross national product .... Addenda: Net domestic product Domestic income Gross national income 5,380.7 5,706.6 5,546.4 5,598.4 5,664.3 5,716.2 5,847.5 5,874.9 4,829.4 5,140.1 4,978.3 5,038.4 5,104.5 5,136.8 5,280.6 6,022.2 6,362.9 6,159.9 6,227.6 6,315.2 6,389.0 6,519.7 Addendum: Terms of trade 2 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. 4,994.0 5,138.6 5,068.4 5,080.7 5,104.1 5,145.8 5,223.7 683 5 703 0 690 4 686 4 698.1 699.0 728.5 689.3 719.5 692.4 700.4 712.5 718.1 746.8 4,999.8 5,155.0 5,070.3 5,094.8 5,118.4 5,164.9 5,241.9 100.9 102.3 100.3 102.0 102.1 102.7 102.5 1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for imports of goods and services and payments of factor income. 2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the corresponding implicit price deflator for imports with the decimal point shifted two places to the right. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. April 1994 • SURVEY OF CURRENT BUSINESS J3 Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in Current and Constant Dollars Table 1.14.—National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates 1992 1993 III IV National income. Compensation of employees Wages and salaries. Government Other Supplements to wages and salaries Employer contributions for social insurance ... Other labor income Proprietors' income with IVA and CCAdj Farm Proprietors' income with IVA CCAdj 1992 IV 2,953.1 3,100.5 3,015.8 3,054.3 3,082.7 3,115.4 3,149.6 3,200.7 567.5 589.7 574.2 584.1 586.3 592.8 595.4 602.0 2,385.6 2,510.8 2,441.6 2,470.2 2,496.3 2,522.6 2,554.2 2,598.8 629.0 671.7 642.8 650.7 668.0 678.5 306.3 322.7 321.0 350.7 311.3 331.5 312.2 338.5 321.4 346.6 323.8 354.7 326.7 362.9 334.5 371.9 414.3 443.2 431.2 444.1 439.4 422.5 467.0 475.6 43.7 46.0 47.6 55.7 47.0 24.8 56.4 60.0 706.5 32.1 -7.3 63.5 -7.0 67.0 -7.0 397.6 410.6 399.2 415.6 405.2 -1.0 11.5 54.8 -7.2 62.8 -7.1 54.1 -7.1 Nonfarm Proprietors' income IVA CCAdj 370.6 358.0 -.5 13.1 397.3 385.3 -1.0 13.0 383.6 362.2 7.8 13.7 388.4 376.4 -1.6 13.7 392.4 380.3 Rental income of persons with CCAdj -8.9 12.6 -1.2 7.5 12.7 13.7 16.4 3.5 57.4 -66.3 75.2 -62.6 57.4 -58.6 71.3 -63.8 73.2 -60.4 77.2 -63.5 79.0 -62.6 89.1 -85.6 407.2 466.6 439.5 432.1 458.1 468.5 507.9 390.1 395.4 146.3 249.1 150.5 98.6 -5.3 442.3 449.4 174.0 275.4 169.0 106.4 -7.1 414.8 409.9 155.0 254.9 162.9 92.0 407.0 419.8 160.9 258.9 167.5 91.4 -12.7 433.4 445.6 173.3 272.3 168.5 103.9 -12.2 444.8 443.8 169.5 274.3 169.7 104.6 1.0 484.0 488.4 192.5 295.9 170.3 125.6 -4.3 -17.7 17.1 24.3 20.6 442.0 445.6 Corporate profits with IVA .. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits IVA CCAdj Net interest Addenda: Corporate profits after tax with IVA and CCAdj Net cash flow with IVA and CAdj Undistributed profits with IVA and CCAdj Consumption of fixed capital Less: IVA Equals: Net cash flow .... 1994 1993 1992 3,582.0 3,772.2 3,658.6 3,705.1 3,750.6 3,793.9 3,839.2 3,907.2 53.1 -7.1 Corporate profits with IVA and CCAd] 1993 4,836.6 5,140.3 4,975.8 5,038.9 5,104.0 5,143.2 5,275.0 51.2 -7.5 Rental income of persons .. CCAdj Seasonally adjusted at annual rates 1994 1993 1992 4.9 24.7 447.7 -1.2 13.3 385.4 -.4 12.7 -.9 12.3 25.1 24.7 23.8 23.9 450.1 443.2 444.6 171.7 444.5 Billions of dollars Gross domestic product of corporate business Consumption of fixed capital .. Net domestic product Indirect business tax and nontax liability plus business transfer payments less subsidies Gross domestic product of financial corporate business .. 284.5 271.2 284.8 299.1 315.4 507.0 532.4 518.2 505.9 521.5 543.3 559.0 110.4 123.6 121.7 103.7 116.3 129.3 145.1 396.6 -5.3 512.3 408.8 -7.1 539.5 396.5 4.9 513.2 402.2 -12.7 518.7 405.2 -12.2 533.7 414.0 1.0 542.3 413.9 -4.3 563.3 Indirect business tax and nontax liability plus business transfer payments less subsidies 432.8 -17.7 408.8 396.5 402.2 405.2 414.0 413.9 432.8 359.6 378.4 368.3 365.1 377.2 380.4 391.2 392.6 328.3 366.8 337.2 346.7 363.3 371.6 385.8 Gross domestic product of nonfinancial corporate business .. 3,243.4 3,417.3 3,331.6 3,331.7 3,395.9 3,432.2 3,509.4 Net domestic product 292.6 396.6 3,175.1 3,375.3 3,272.3 3,276.2 3,354.0 3,389.8 3,481.3 2,815.5 2,996.9 2,904.0 2,911.1 2,976.8 3,009.4 3,090.1 Domestic income Compensation of 2,337.4 2,460.2 2,390.3 2,408.2 2,448.7 2,475.7 2,508.3 2,556.5 employees Wages and salaries ... 1,940.9 2,038.4 1,983.9 2,002.8 2,029.0 2,048.7 2,073.3 2,109.8 Supplements to wages 396.5 421.8 406.3 405.3 419.7 427.0 435.0 446.7 and salaries Corporate profits with 344.9 407.9 384.8 373.0 400.0 405.8 452.8 IVA and CCAdj 333.2 390.7 355.2 360.7 387.5 381.1 433.3 Profits before tax 146.3 174.0 155.0 160.9 173.3 169.5 192.5 Profits tax liability .. 186.9 216.6 200.2 199.8 214.3 211.6 240.8 Profits after tax 127.3 155.0 147.4 156.7 152.9 152.5 157.9 Dividends Undistributed 61.4 43.2 82.9 52.8 61.6 59.6 59.1 profits -4.3 -17.7 -7.1 4.9 -12.7 -12.2 IVA 1.0 -5.3 23.9 24.3 25.1 24.7 20.6 23.8 24.7 17.1 CCAdj 133.2 128.7 128.9 129.9 128.1 127.9 129.0 Net interest Consumption of fixed capital .. 260.9 3,571.7 3,784.1 3,668.8 3,678.4 3,759.2 3,803.8 3,895.2 352.7 362.2 351.7 356.8 359.0 367.0 366.0 383.8 2,890.7 3,055.1 2,979.9 2,975.0 3,036.8 3,065.1 3,143.3 327.7 345.2 336.0 333.0 344.0 347.0 356.9 358.3 Domestic income 2,563.1 2,709.8 2,643.9 2,642.0 2,692.8 2,718.1 2,786.4 Compensation of employees 2,149.5 2,255.6 2,195.9 2,215.0 2,244.7 2,267.1 2,295.7 2,336.6 Wages and salaries ... 1,782.4 1,866.4 1,820.0 1,840.3 1,857.3 1,873.3 1,894.8 1,925.5 Supplements to wages 367.0 389.2 375.9 374.7 387.4 393.8 400.9 411.2 and salaries Corporate profits with 278.3 320.5 314.1 292.1 315.0 318.2 356.7 IVA and CCAdj 255.1 291.6 273.2 268.4 291.2 281.8 325.2 Profits before tax 98.2 117.0 105.8 106.4 117.6 112.5 131.4 Profits tax liability .. 156.9 174.7 167.4 162.0 173.6 169.3 193.7 Profits after tax 105.2 126.3 120.7 127.4 125.4 124.0 128.4 Dividends Undistributed 46.7 48.4 51.7 65.3 45.3 48.2 34.6 profits -7.1 -5.3 ^ . 3 -17.7 4.9 -12.7 -12.2 1.0 IVA 35.9 28.5 35.9 36.0 33.5 35.4 36.4 CCAdj 36.0 135.3 133.7 133.9 134.9 133.1 132.8 134.0 Net interest Billions of 1987 dollars Gross domestic product of nonfinancial corporate business .. 2,822.3 2,936.3 2,887.4 2,867.5 2,916.6 2,948.9 3,012.1 318.4 324.2 317.2 321.0 321.4 327.9 326.5 Consumption of fixed capital .. Net domestic product 2,503.9 2,612.1 2,570.1 2,546.5 2,595.2 2,620.9 2,685.6 Indirect business tax and nontax liability plus business transfer payments less subsidies 258.7 270.2 264.5 265.7 268.4 271.6 275.1 Domestic income 2,245.2 2,341.9 2,305.7 2,280.8 2,326.8 2,349.3 2,410.5 342.3 277.8 14 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.—Personal Income and Its Disposition Table 2.2.—Personal Consumption Expenditures by Major Type of Product [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates 1992 1993 1992 IV Personal income Wage and salary disbursements Commodity-producing industries Manufacturing Distributive industries Service industries Government Seasonally adjusted at annual rates 1994 1993 I 1992 IV 1993 4,139.9 497.3 204.3 4,391.8 194.5 98.5 1,300.9 633.7 228.2 103.4 13.8 321.8 2,341.6 1992 1994 1993 5,144.9 5,388.3 5,328.3 5,254.7 5,373.2 5,412.7 5,512.7 5,578.1 2,973.1 3,080.5 3,095.8 2,974.3 3,082.7 3,115.4 3,149.6 3,200.7 756.5 577.6 682.0 967.0 567.5 Other labor income 322.7 763.6 783.3 577.3 602.0 706.6 709.9 1,020.6 1,028.4 589.7 574.2 350.7 331.5 740.7 765.1 769.4 779.3 789.5 559.7 580.3 581.5 587.8 595.8 682.9 709.1 714.4 720.1 733.5 966.6 1,022.2 1,038.8 1,054.7 1,075.8 584.1 586.3 592.8 595.4 602.0 338.5 346.6 354.7 362.9 371.9 Personal consumption expenditures Durable goods Motor vehicles and parts ... Furniture and household equipment Other Nondurable goods Food Proprietors' income with inventory valuation and capital consumption adjustments Farm Nonfarm 414.3 43.7 370.6 443.2 46.0 397.3 431.2 47.6 383.6 444.1 55.7 388.4 439.4 47.0 392.4 422.5 24.8 397.6 467.0 56.4 410.6 475.6 60.0 415.6 Rental income of persons with capital consumption adjustment -8.9 12.6 -1.2 7.5 12.7 13.7 16.4 3.5 Personal dividend income 140.4 158.3 152.3 157.0 157.8 159.0 159.4 160.7 Personal interest income 694.3 695.2 694.5 695.4 693.1 695.7 696.7 700.2 858.4 912.1 877.4 894.4 905.5 918.5 929.8 438.4 420.8 433.1 435.0 439.4 446.1 457.6 39.2 19.3 34.1 20.0 37.8 19.0 34.5 20.0 34.4 20.2 35.1 20.1 32.3 19.6 115.5 304.1 110.2 289.7 112.8 294.0 114.6 301.3 116.4 307.5 118.3 313.5 119.0 321.2 23.3 254.4 23.9 280.2 23.5 266.2 23.6 270.4 24.1 277.2 24.0 283.5 24.1 289.4 23.9 297.3 515.3 531.6 541.9 562.8 577.4 213.7 211.7 220.8 221.7 235.1 250.0 211.7 103.9 202.7 100.2 203.3 100.3 208.6 102.2 214.0 106.2 220.8 106.9 219.8 107.6 1,350.0 1,331.7 1,335.3 1,344.8 657.8 237.3 103.7 15.1 336.0 647.6 236.1 105.2 13.9 328.9 648.2 233.1 106.0 15.1 332.9 654.1 235.2 103.6 14.9 337.2 1,352.4 1,367.5 1,376.1 660.0 238.2 102.4 15.4 336.4 2,503.9 2,407.9 2,445.5 2,483.4 2,524.8 669.1 242.7 102.9 15.0 337.7 671.7 243.2 101.4 16.9 342.8 2,561.8 2,595.9 26.9 19.9 108.3 277.7 Services 516.6 222.3 944.6 413.9 Clothing and shoes Gasoline and oil Fuel oil and coal Other 4,256.2 4,296.2 4,359.9 4,419.1 4,492.0 4,549.4 537.9 Other Transfer payments to persons Old-age, survivors, disability, and health insurance benefits Government unemployment insurance benefits Veterans benefits Government employees retirement benefits Other transfer payments Aid to families with dependent children Other 600.0 234.4 105.8 627.9 251.2 113.4 609.2 245.0 111.0 617.6 245.7 111.1 625.1 246.7 109.8 631.1 255.2 116.4 637.8 257.3 116.2 647.5 256.5 116.8 128.7 155.4 628.4 723.5 137.8 170.0 134.0 162.4 646.9 744.3 134.5 166.3 662.2 753.8 136.9 169.1 675.4 767.1 138.7 170.9 686.9 780.7 141.1 173.8 699.2 793.7 139.6 176.7 710.0 805.2 773.8 Table 2.3.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars [Billions of 1987 dollars] Less: Personal contributions for social insurance 249.3 Less: Personal tax and nontax payments 644.8 264.3 681.6 253.3 670.7 256.6 657.1 264.5 681.0 266.8 689.0 269.2 699.2 279.1 715.7 Equals: Disposable personal income 4,500.2 4,706.7 4,657.6 4,597.5 4,692.2 4,723.7 4,813.5 4,862.4 Less: Personal outlays 4,261.5 4,516.8 4,377.9 4,419.7 4,483.6 4,544.0 4,620.1 4,680.4 Personal consumption expenditures Interest paid by persons .... Personal transfer payments to rest of the world (net) Housing Household operation Electricity and gas Other household operation Transportation Medical care Personal consumption expenditures Durable goods Motor vehicles and parts ... Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline and oil Fuel oil and coal Other Services 4,139.9 4,391.8 4,256.2 4,296.2 4,359.9 4,419.1 4,492.0 4,549.4 114.1 116.8 119.3 114.0 111.3 112.5 112.7 111.1 Equals: Personal saving Addenda: Disposable personal income: Total, billions of 1987 dollars Per capita: Current dollars 1987 dollars Population (mid-period, millions) Personal saving as percentage of disposable personal income 10.4 11.0 10.5 11.0 11.0 10.8 11.2 11.7 238.7 189.9 279.7 177.9 208.7 179.7 193.4 182.0 3,632. 3,700.9 3,717.6 3,642.6 3,694.4 3,708.7 3,757.9 3,783.3 17,615 18,225 18,153 17,876 18,196 18,265 18,561 18,705 14,219 14,330 14,490 14,163 14,326 14,341 14,491 14,554 255J 5.3 258.3 256.6 257.2 257.9 258.6 259.3 259.9 4.0 6.0 3.9 4.4 3.8 4.0 3.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Housing Household operation Electricity and gas Other household operation Transportation Medical care Other 3,341.8 3,453.2 3,397.2 3,403.8 3,432.7 3,469.6 3,506.9 3,539.8 456.6 490.0 473.4 471.9 484.2 493.1 510.9 522.9 182.3 191.7 188.6 185.7 191.3 189.9 199.7 211.7 194.8 79.5 216.3 82.0 204.2 80.6 206.5 79.7 212.4 80.6 219.4 83.7 227.1 84.1 227.2 84.0 1,062.9 1,088.1 1,081.8 1,076.0 1,083.1 1,093.0 1,100.2 1,106.7 520.5 193.7 83.9 11.9 252.9 531.0 199.5 84.9 13.0 259.8 529.3 200.0 84.4 11.9 256.2 1,822.3 1,875.2 1,842.0 484.2 211.7 95.3 492.0 218.9 99.0 486.7 216.6 98.5 116.4 122.7 449.2 554.4 119.9 126.3 463.4 574.6 118.1 123.7 453.2 561.7 526.7 194.8 83.9 12.9 257.7 1,855.9 488.8 217.9 99.1 118.8 124.5 458.0 566.8 528.6 197.8 84.1 12.6 259.9 532.6 200.6 86.2 13.2 260.4 536.0 204.6 85.4 13.1 261.1 536.4 205.5 84.6 14.5 265.6 1,865.4 1,883.5 1,895.8 1,910.2 96.2 493.3 220.8 100.6 495.3 221.3 100.3 497.8 222.8 101.2 119.4 126.1 461.1 571.8 120.2 126.5 465.1 577.9 121.1 128.0 469.3 581.9 121.5 128.7 472.7 588.2 490.7 215.6 April 1994 SURVEY OF CURRENT BUSINESS Table 3.2.—Federal Government Receipts and Expenditures Table 3.3.—State and Local Government Receipts and Expenditures [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 Receipts 1994 1993 1992 1,183.0 1,269.5 1,221.1 1,218.4 1,268.0 1,275.9 1,315.7 Personal tax and nontax receipts Income taxes Estate and gift taxes Nontaxes 520.7 506.0 13.2 1.5 527.1 512.7 519.0 12.8 1.5 14.4 1.7 15.8 111.3 132.4 15.7 116.7 142.4 15.3 127.2 139.3 15.1 124.2 158.1 15.3 142.8 87.3 50.3 19.8 17.2 83.5 46.5 19.1 18.0 81.5 47.4 18.8 15.3 86.2 48.5 20.4 17.3 86.7 48.8 20.0 17.8 95.0 56.6 20.1 18.3 92.9 54.4 19.6 18.9 517.8 498.7 502.3 518.7 522.8 527.5 544.6 120.2 16.8 103.5 490.7 Contributions for social insurance 143.1 15.3 127.7 81.3 46.8 18.3 16.2 Indirect business tax and nontax accruals Excise taxes Customs duties Nontaxes 521.3 506.7 13.0 1.6 511.8 498.3 12.1 1.4 127.1 535.1 1992 Receipts 502.1 489.1 11.6 1.5 490.8 478.0 11.3 1.4 Corporate profits tax accruals Federal Reserve banks Other Expenditures 1993 549.0 532.5 14.6 1.9 Personal tax and nontax receipts Income taxes Nontaxes Other Corporate profits tax accruals 1,459.3 1,495.9 1,485.3 1,481.9 1,490.6 1,488.5 1,522.6 1,497.1 Indirect business tax and nontax accruals Sales taxes Property taxes Other Contributions for social insurance 1993 1992 1994 1993 861.6 837.8 860.2 881.0 894.2 917.0 155.0 160.3 121.0 19.5 19.5 19.8 162.0 122.1 19.8 20.0 164.1 123.6 20.2 20.3 154.0 116.7 18.3 19.0 160.3 120.8 19.7 19.9 158.8 120.8 18.8 19.2 26.0 31.0 27.9 28.5 30.8 30.1 34.4 421.5 443.1 200.8 177.7 43.0 211.7 432.2 205.7 181.4 45.1 434.1 206.5 183.9 43.6 440.0 209.3 186.5 44.3 445.7 212.8 187.9 45.0 452.7 218.2 189.3 45.2 186.9 44.5 116.4 19.2 166.6 125.5 20.5 20.6 456.7 220.2 190.8 45.7 64.9 67.4 65.9 66.5 67.2 67.7 68.3 69.0 171.4 186.2 176.7 176.1 182.8 188.6 197.4 187.9 Expenditures 830.6 886.2 848.0 859.4 895.9 909.7 916.7 683.0 714.6 691.4 697.0 711.1 721.2 729.2 730.3 457.3 225.7 480.1 234.5 465.6 225.7 472.1 224.9 477.7 233.4 483.0 238.3 487.6 241.6 492.9 237.4 Federal grants-in-aid Purchases National defense Nondefense 448.8 313.8 135.0 443.4 303.4 140.1 452.4 315.7 136.7 442.7 304.8 137.9 447.5 307.6 140.0 443.6 301.9 141.7 440.0 299.2 140.7 434.0 292.8 141.2 Purchases Compensation of employees Other Transfer payments (net) To persons To rest of the world (net) ... 624.5 608.2 651.9 636.1 642.0 628.9 13.1 645.6 632.7 12.9 652.8 639.1 13.7 667.2 643.7 23.5 665.2 652.3 12.8 228.6 254.1 238.4 244.1 251.0 257.2 263.9 270.2 15.8 641.7 617.1 24.6 Transfer payments to persons 16.3 -46.0 66.1 -45.3 68.7 -45.7 67.1 -45.5 67.7 -45.3 68.4 -45.2 69.0 -45.0 69.6 -44.9 70.2 171.4 186.2 176.7 176.1 182.8 188.6 197.4 187.9 Net interest paid Interest paid Less: Interest received by government 113.7 182.5 182.2 178.7 41.2 219.0 176.9 174.0 43.2 174.8 212.4 169.1 43.2 10.2 10.7 10.5 10.5 10.7 10.8 10.9 11.0 42.1 219.9 176.7 43.2 180.4 217.2 115.1 178.3 214.1 172.4 41.6 114.2 114.6 181.3 216.4 175.0 41.4 113.9 113.2 180.8 217.5 175.0 42.5 112.1 112.8 187.1 219.9 36.7 35.1 35.7 36.5 37.7 36.7 37.5 -24.8 .4 -26.5 .5 -25.5 .4 -25.8 .4 -26.2 .5 -26.7 -27.4 32.8 -27.9 .5 27.5 31.7 33.6 36.2 33.2 36.1 42.9 43.7 32.3 35.9 21.4 24.8 37.7 40.5 35.1 37.7 25.2 27.0 25.9 26.2 26.6 27.1 27.9 28.4 4.1 2.7 2.9 3.6 3.4 2.8 2.5 0 0 0 0 0 Grants-in-aid to State and local governments Net interest paid Interest paid To persons and business To rest of the world (net) Less: Interest received by government Subsidies less current surplus of government enterprises . Subsidies Less: Current surplus of government enterprises .. Less: Wage accruals less disbursements Surplus or deficit (-), national income and product accounts Social insurance funds Other Subsidies less current surplus of government enterprises . Subsidies Less: Current surplus of government enterprises.. Less: Wage accruals less disbursements Surplus or deficit (-), national income and product accounts Social insurance funds Other -276.3 -226.4 -264.2 -263.5 -222.6 -212.7 -207.0 36.4 32.2 41.3 30.2 45.2 44.7 45.3 -308.5 -267.8 -300.6 -293.7 -267.8 -257.4 -252.3 Less: Dividends received by government 57.2 0 7.2 1.8 13.5 .8 1.1 -1.7 7.2 59.4 -52.2 58.6 -56.7 59.6 -46.0 59.0 -58.2 58.9 -57.8 58.5 -60.2 57.9 -50.7 57.2 l6 • April 1994 SURVEY OF CURRENT BUSINESS Table 3.7B.—Government Purchases by Type Table 3.8B.—Government Purchases by Type in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates 1992 Government purchases 1993 1992 Seasonally adjusted at annual rates 1994 1993 1,131.8 1,158.1 1,143.8 1,139.7 1,158.6 1,164.8 1,169.1 1,164.4 Federal 448.8 443.4 452.4 442.7 447.5 443.6 440.0 434.0 National defense Durable goods Nondurable goods Services Compensation of employees Military Civilian Other services Structures 313.8 315.7 307.6 75.3 301.9 67.4 299.2 292.8 62.2 9.0 Nondefense Durable goods Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of employees Other services Structures 219.4 219.8 8.0 217.5 135.7 90.7 45.0 83.2 5.6 137.0 91.0 46.0 81.2 5.3 133.7 89.2 44.5 87.3 6.0 137.2 91.5 45.7 79.1 5.0 136.4 91.2 45.2 80.6 5.0 137.9 90.7 47.2 81.5 5.8 136.3 90.5 45.8 83.5 5.2 138.1 91.6 46.5 79.4 5.2 135.0 140.1 7.5 7.2 136.7 7.4 9.3 137.9 7.3 7.8 140.0 7.9 7.6 141.7 7.3 7.3 140.7 7.3 6.3 141.2 7.0 6.4 0 9.3 109.7 -.4 8.1 112.2 -.3 7.9 109.0 -.3 7.5 114.6 114.3 -.2 7.5 116.1 -.2 6.5 115.6 -.2 6.6 116.9 64.1 44.9 10.3 70.0 44.6 10.8 65.0 44.7 10.3 43.2 10.5 44.6 10.1 70.4 45.7 11.0 70.8 44.8 11.5 72.6 44.3 10.9 714.6 691.4 697.0 711.1 721.2 729.2 730.3 37.6 60.2 485.3 39.3 62.2 506.9 38.2 60.7 493.5 38.7 61.7 499.6 39.2 63.0 504.4 39.7 62.3 509.9 39.8 61.9 513.9 40.4 63.0 519.9 457.3 28.0 Durable goods Nondurable goods Services Compensation of employees Other services Structures 216.4 10.2 217.0 65.1 9.1 218.1 9.8 221.0 9.3 218.9 683.0 State and local 78.9 304.8 74.4 10.3 303.4 70.6 9.4 480.1 26.8 106.2 465.6 27.9 99.0 472.1 27.5 97.1 477.7 26.6 104.5 483.0 26.9 109.4 487.6 26.3 113.6 492.9 27.0 107.0 79.0 7.1 8.6 -.7 9.2 1992 1993 1992 1994 1993 945.2 938.9 946.9 931.3 941.1 941.7 941.7 373.0 354.9 373.7 357.6 359.4 353.7 349.0 338.0 National defense Durable goods Nondurable goods Services Compensation of employees Military Civilian Other services Structures 261.2 73.2 261.3 72.6 8.6 174.7 246.0 67.2 8.3 166.1 246.4 67.4 240.1 9.2 165.5 60.9 8.7 237.1 58.9 8.5 228.4 55.8 7.6 173.6 242.4 63.6 8.7 165.6 165.4 165.3 160.6 100.9 66.4 34.5 72.7 5.0 95.8 63.4 32.4 69.8 4.5 99.0 65.4 33.7 75.7 5.3 97.7 64.4 33.3 68.4 4.4 96.4 63.8 32.7 69.0 4.4 95.3 63.1 32.2 70.1 5.0 93.8 62.2 31.6 71.5 4.4 93.1 61.8 31.3 67.6 4.3 Nondefense Durable goods Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of employees Other services Structures 111.8 7.5 7.9 112.5 8.1 6.5 112.4 7.9 8.4 111.5 7.8 7.2 113.0 8.4 6.9 113.7 8.1 6.4 111.8 8.2 5.4 109.6 7.3 5.6 -.4 8.3 87.4 -.3 6.8 0 8.4 87.2 -.2 7.4 87.3 -.2 7.1 -.3 6.7 89.8 -.3 5.8 88.4 -.2 5.8 87.4 49.6 37.8 9.0 51.3 37.3 9.2 49.8 37.4 8.9 51.0 36.3 51.6 9.1 51.4 37.4 8.7 38.2 9.4 51.3 37.2 9.8 50.8 36.7 9.2 572.2 584.0 573.2 573.7 581.6 588.0 592.8 588.9 33.3 52.1 395.8 34.1 53.5 402.6 33.6 52.7 398.2 33.8 53.0 400.1 34.0 53.4 401.9 34.3 53.8 403.4 34.5 54.0 405.0 34.7 54.4 406.4 359.0 36.7 91.1 363.9 38.7 93.8 361.0 37.3 88.6 362.0 38.1 86.9 363.4 38.4 92.4 364.5 38.9 96.5 365.7 39.3 99.3 366.7 39.7 93.3 Government purchases Federal State and local Durable goods Nondurable goods Services Compensation of employees Other services Structures 9.4 Table 3.10.—National Defense Purchases Table 3.11.—National Defense Purchases in Constant Dollars [Billions of dollars] 926.8 [Billions of 1987 dollars] National defense purchases Durable goods Military equipment Aircraft Missiles Ships Vehicles Electronic equipment.. Other Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods Services 313.8 303.4 315.7 304.8 307.6 301.9 299.2 292.8 79.0 70.6 78.9 74.4 75.3 67.4 65.1 62.2 73.2 22.7 14.3 12.1 66.3 20.9 12.1 10.7 72.6 21.9 14.2 11.6 70.5 20.8 13.5 11.1 70.5 22.5 12.9 11.3 63.1 20.1 11.6 10.0 60.9 20.1 10.4 10.1 3.8 6.6 3.0 6.3 3.9 7.1 4.2 6.6 3.2 6.8 2.3 6.4 2.1 5.6 13.6 13.3 14.0 14.2 13.9 12.6 12.5 5.8 4.3 6.3 3.9 4.8 4.3 4.2 58.2 19.3 10.4 9.1 2.2 5.5 11.8 4.0 10.3 9.4 9.8 9.0 10.2 9.3 9.1 8.0 3.5 3.4 3.4 3.2 3.6 2.7 3.0 3.6 3.2 3.0 3.5 2.5 3.4 4.0 2.7 3.3 3.1 2.9 2.9 3.8 2.5 2.5 3.1 2.4 218.9 218.1 221.0 216.4 217.0 219.4 219.8 217.5 Compensation of Military Civilian Other services Contractual research and development Installation support1 Weapons support2 Personnel support3 Transportation of material Travel of persons Other Structures. Military facilities Other 135.7 90.7 45.0 83.2 137.0 91.0 46.0 81.2 133.7 89.2 44.5 87.3 137.2 91.5 45.7 79.1 136.4 91.2 45.2 80.6 137.9 90.7 47.2 81.5 136.3 90.5 45.8 83.5 138.1 91.6 46.5 79.4 26.5 23.4 10.0 13.3 26.6 23.2 27.5 24.3 10.0 13.4 27.2 22.1 26.6 21.9 25.5 24.9 27.1 24.0 9.1 9.6 9.1 8.6 11.6 12.2 13.3 14.1 24.5 24.5 8.1 14.2 9.1 12.8 5.8 6.2 5.2 6.3 6.1 7.2 5.0 6.3 5.3 6.4 5.6 6.5 5.0 6.0 -2.0 -2.1 -1.1 -2.2 -1.5 -3.3 -1.3 4.5 4.8 -1.3 5.6 5.3 6.0 5.0 5.0 5.8 5.2 5.2 3.5 2.1 3.2 2.1 3.8 2.2 3.0 2.0 3.0 2.1 3.6 2.2 3.0 2.2 3.0 2.2 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. 3. Includes compensation of foreign personnel, consulting, training, and education. National defense purchases Durable goods , Military equipment Aircraft Missiles Ships Vehicles Electronic equipment.. Other Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods Services Compensation of employees Military Civilian Other services Contractual research and development Installation supportl Weapons support2 Personnel support3 Transportation of material Travel of persons Other Structures. Military facilities .... Other 261.2 242.4 261.3 246.0 246.4 240.1 237.1 228.4 73.2 63.6 72.6 67.2 67.4 60.9 58.9 55.8 67.1 20.2 15.3 10.3 58.7 17.5 12.7 66.3 19.0 15.7 62.9 17.7 14.1 62.1 18.8 13.2 9.8 3.4 6.5 9.3 3.6 6.0 9.5 2.6 6.2 53.9 16.7 11.2 8.4 3.4 6.1 8.9 2.5 5.8 55.9 16.6 12.4 8.3 2.0 5.9 1.8 5.1 11.8 11.4 11.9 12.1 11.8 10.8 10.7 6.1 4.9 6.4 4.4 5.3 5.0 5.0 51.6 15.7 11.6 7.5 1.9 5.0 10.0 4.2 9.4 8.7 8.6 8.3 9.2 8.7 8.5 7.6 2.9 3.5 3.0 2.8 3.6 2.4 2.4 3.3 2.9 2.7 3.4 2.2 2.9 3.9 2.4 2.9 3.1 2.7 2.6 3.8 2.2 2.5 2.8 2.2 173.6 165.6 174.7 166.1 165.5 165.4 165.3 160.6 100.9 66.4 34.5 72.7 95.8 63.4 32.4 69.8 99.0 65.4 33.7 75.7 97.7 64.4 33.3 68.4 96.4 63.8 32.7 69.0 95.3 63.1 32.2 70.1 93.8 62.2 31.6 71.5 93.1 61.8 31.3 67.6 23.6 20.6 23.4 20.1 24.1 21.2 23.8 19.4 23.4 19.1 22.4 21.4 24.2 20.5 8.4 7.4 9.6 8.2 9.9 7.4 8.7 7.8 9.1 7.4 6.9 21.7 21.0 6.4 10.0 10.6 10.6 10.0 6.1 5.6 5.4 5.4 5.4 5.5 5.8 5.6 5.3 5.1 -1.6 6.6 6.4 -.8 5.3 5.4 -1.6 -1.6 -1.1 -2.5 -1.0 4.6 4.1 -.9 5.0 4.5 5.3 4.4 4.4 5.0 4.4 4.3 3.3 1.7 2.9 1.6 3.5 1.8 2.8 1.6 2.8 1.6 3.3 1.7 2.8 1.7 2.7 1.6 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. 3. Includes compensation of foreign personnel, consulting, training, and education. SURVEY OF CURRENT BUSINESS April 1994 • Table 4.1.—Foreign Transactions in the National Income and Product Accounts Table 4.2.—Exports and Imports of Goods and Services and Receipts and Payments of Factor Income in Constant Dollars [Billions of dollars] 1J [Billions of 1987 dollars] Seasonally adjusted at annual rates 1992 1993 1992 1993 Seasonally adjusted at annual rates 1992 1994 1993 1992 1994 1993 IV Receipts from rest of the world 769.7 793.4 777.0 774.1 791.8 788.3 651.3 453.2 306.9 146.3 198.0 819.6 Exports of goods and services Merchandise1 Durable Nondurable Services' 640.5 448.7 300.8 147.9 191.7 653.2 452.2 307.4 144.8 200.9 682.4 482.0 330.2 151.8 200.4 Receipts of factor income2 129.2 131.7 122.3 122.8 131.9 135.1 137.2 661.7 461.5 314.6 146.9 200.2 654.7 462.0 311.1 150.9 192.8 660.0 458.6 314.0 144.6 201.3 465.8 321.7 144.1 203.0 769.7 793.4 777.0 774.1 791.8 788.3 819.6 670.1 544.5 346.3 198.2 125.6 725.1 591.9 384.5 207.3 133.3 751.5 614.2 409.8 204.4 137.2 Payments of factor income3 121.9 131.6 124.8 122.4 132.3 128.7 142.8 Payments to rest of the world . Transfer From From From payments (net) persons (net) government (net) business Net foreign investment 32.7 10.4 16.3 6.0 725.3 592.1 385.7 206.4 133.2 32.8 11.0 15.8 6.0 693.5 564.7 359.7 205.1 128.7 41.2 10.5 24.6 6.1 699.6 569.6 368.8 200.7 130.0 29.7 11.0 13.1 5.6 725.0 592.6 379.5 213.1 132.4 29.9 11.0 12.9 6.0 30.9 10.8 13.7 6.3 40.8 11.2 23.5 6.0 598.3 440.5 306.5 134.0 157.8 751.2 614.6 414.6 200.0 136.6 30.8 11.7 12.8 6.3 Receipts of factor income2 105.5 104.7 Imports of goods and services Merchandisel Durable Nondurable Servicesl Capital grants received by the United States (net) Imports of goods and services Merchandise * Durable Nondurable Services1 578.0 422.7 288.0 134.7 155.4 Exports of goods and services Merchandise1 Durable Nondurable Services1 611.6 511.9 332.5 179.4 99.7 I II III IV ! 591.6 437.3 300.0 137.3 154.3 588.0 430.2 296.5 133.7 157.8 593.2 434.5 302.4 132.1 158.6 591.9 434.1 302.2 131.9 157.8 620.0 463.0 324.9 138.1 157.0 605.0 446.7 318.0 128.8 158.3 98.9 630.3 530.3 348.0 182.4 100.0 97.7 102.2 Payments of factor income3 674.8 571.4 379.5 191.8 103.4 98.8 98.3 105.0 107.1 108.5 647.9 545.9 360.5 185.5 102.0 668.4 565.7 372.1 193.6 102.7 95.8 103.0 678.2 574.9 381.0 193.9 103.3 704.5 598.9 404.5 194.4 105.6 709.3 604.0 410.6 193.4 105.3 99.6 110.4 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. -55.1 -96.2 -82.4 -77.6 -95.4 -96.4 -115.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. Table 4.3—Exports and Imports of Merchandise by End-Use Category Table 4.4.—Exports and Imports of Merchandise by End-Use Category in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Exports of merchandise . Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods Imports of merchandise 448.7 461.5 462.0 453.2 458.6 452.2 482.0 465.8 40.3 40.5 41.9 40.8 39.6 38.9 42.6 39.4 105.2 103.2 104.9 103.0 103.0 102.4 104.3 100.9 36.9 37.6 37.2 37.2 37.6 38.1 37.6 36.9 68.4 65.5 67.7 65.8 65.4 64.2 66.7 64.1 176.9 183.4 182.0 177.8 183.3 178.5 193.8 188.4 37.7 32.8 37.1 33.1 36.4 27.1 34.5 33.5 28.8 29.3 30.0 28.8 28.0 29.6 30.7 31.2 110.4 121.3 114.9 115.9 118.8 121.9 128.6 123.7 47.1 51.6 50.9 51.2 51.3 48.4 55.6 54.1 50.4 53.6 53.3 51.5 52.2 54.2 56.6 54.0 25.6 27.4 26.5 26.3 27.2 27.5 28.7 27.9 24.8 26.2 26.8 25.2 25.1 26.7 27.9 26.2 28.9 29.3 28.9 28.8 29.3 29.9 29.1 28.9 14.5 14.6 14.5 14.4 14.6 14.9 14.6 14.5 14.5 14.6 14.5 14.4 14.6 14.9 14.6 14.5 544.5 592.1 564.7 569.6 592.6 591.9 614.2 614.6 27.9 27.5 28.3 29.0 28.8 89.1 84.2 86.4 87.3 43.6 40.3 41.7 41.1 45.5 43.9 44.8 46.2 51.5 54.9 51.0 57.3 152.3 141.8 142.6 150.7 11.3 13.0 10.5 11.8 38.2 34.6 35.9 37.2 102.8 94.2 96.2 101.7 102.4 95.1 100.5 102.1 134.3 126.5 128.9 132.9 70.2 65.2 67.7 68.2 64.1 61.3 61.2 64.7 34.5 34.8 32.7 34.8 17.3 17.4 16.4 17.4 17.3 17.4 16.4 17.4 89.0 43.3 45.7 50.2 152.6 10.5 39.0 103.1 100.1 137.6 71.5 66.2 33.9 17.0 17.0 93.6 48.2 45.3 47.5 163.1 12.4 40.5 110.2 106.9 137.7 73.3 64.4 36.6 18.3 18.3 97.0 27.6 27.4 Imports of merchandise 422.7 440.5 437.3 430.2 434.5 434.1 463.0 446.7 35.7 35.4 37.7 36.4 35.2 33.7 36.4 32.4 97.5 95.1 96.6 94.7 94.0 94.3 97.4 92.3 32.1 31.1 31.9 31.1 30.6 31.4 31.2 29.9 65.4 64.0 64.7 63.6 63.4 63.0 66.2 62.4 178.4 192.7 186.8 184.3 189.5 190.5 206.5 203.5 30.9 26.1 30.0 26.6 29.0 21.6 27.2 26.3 51.0 60.8 56.4 55.9 57.0 62.5 67.6 69.7 96.6 105.8 100.5 101.8 103.4 106.3 111.7 107.5 41.9 45.6 45.1 45.3 45.3 42.8 49.1 47.5 43.5 45.9 45.5 44.1 44.9 46.5 48.2 46.0 22.7 24.3 23.4 23.2 24.1 24.4 25.4 24.6 20.8 21.7 22.2 21.0 20.8 22.1 22.8 21.4 25.6 25.7 25.5 25.4 25.7 26.3 25.5 25.1 12.8 12.9 12.8 12.7 12.8 13.1 12.8 12.5 12.8 12.9 12.8 12.7 12.8 13.1 12.8 12.5 511.9 571.4 530.3 545.9 565.7 574.9 598.9 604.0 26.0 25.8 25.6 26.1 25.6 25.7 25.8 25.6 137.3 73.2 64.1 36.0 18.0 18.0 Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products Durable goods Nondurable goods Petroleum and products Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods 72.0 78.0 73.3 75.3 76.0 78.8 81.9 83.9 34.1 37.2 34.8 35.3 34.9 37.6 41.1 40.6 37.9 40.8 38.5 40.0 41.1 41.1 40.8 43.3 51.2 56.5 52.8 53.4 57.8 56.7 58.1 55.2 148.4 179.3 160.0 165.3 175.8 181.4 194.5 202.6 8.4 9.4 8.1 9.8 9.0 10.5 10.3 8.5 59.7 82.5 68.2 73.1 79.0 85.8 92.0 96.4 78.3 87.8 81.3 83.8 87.4 87.2 92.7 98.2 79.7 87.4 81.9 87.0 87.4 85.3 89.8 88.5 105.2 114.7 106.7 110.2 113.0 117.8 117.6 117.5 55.6 60.8 56.2 58.6 58.9 62.0 63.6 63.5 49.6 53.9 50.5 51.6 54.1 55.8 54.0 54.0 29.5 29.7 30.1 28.5 30.0 29.3 31.2 30.7 14.7 14.9 15.0 14.2 15.0 14.6 15.6 15.3 14.7 14.9 15.0 14.2 15.0 14.6 15.6 15.3 44.0 43.6 45.5 43.4 43.1 42.4 45.4 43.0 404.7 418.0 416.4 409.9 415.5 409.8 436.6 422.9 492.9 540.6 509.9 518.5 535.3 541.7 566.8 573.7 Addenda: Exports of agricultural productsl Exports of nonagricultural products ... Imports of nonpetroleum products ..... 39.7 38.5 41.1 38.7 38.8 37.3 39.1 35.4 382.9 402.0 396.1 391.5 395.7 396.8 423.9 411.3 460.8 514.8 477.6 492.5 507.9 518.2 540.7 548.8 Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products Durable goods Nondurable goods Petroleum and products Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods 82.3 39.5 42.8 51.6 134.2 12.6 31.8 89.8 91.8 123.0 63.9 59.1 33.8 16.9 16.9 Addenda: Exports of agricultural productsl Exports of nonagricultural products ... Imports of nonpetroleum products 28.1 48.7 48.2 40.9 168.7 10.3 41.7 116.7 105.9 1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable consumer goods, except automotive. Exports of merchandise . Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods 1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable consumer goods, except automotive. l8 • April 1994 SURVEY OF CURRENT BUSINESS Table 5.1.—Gross Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates 1992 1993 1992 I IV Gross saving II III I IV 762.0 766.7 774.3 986.9 1,004.8 238.7 189.9 969.4 1,024.8 279.7 177.9 988.3 208.7 988.7 1,017.5 179.7 193.4 "i'8Z0 110.4 98.6 123.6 106.4 121.7 92.0 103.7 91.4 116.3 103.9 129.3 104.6 145.1 125.6 -5.3 -7.1 4.9 -12.7 -12.2 1.0 -4.3 -17.7 17.1 24.3 24.7 25.1 24.7 23.8 23.9 20.6 396.6 408.8 396.5 402.2 405.2 414.0 413.9 432.8 261.3 262.5 251.5 261.0 258.1 265.7 265.1 301.7 -20.0 20.0 -80.0 80.0 717.8 Gross private saving Personal saving Undistributed corporate profits with inventory valuation and capital consumption adjustments Undistributed profits Inventory valuation adjustment Capital consumption adjustment Corporate consumption of fixed capital Noncorporate consumption of fixed capital Wage accruals less disbursements Government surplus or deficit (-), national income and product accounts Federal State and local 1994 1993 780.2 718.8 0 817.8 0 0 0 -269.1 -224.6 -250.6 -262.8 -221.5 -214.4 -199.7 -276.3 -226.4 -264.2 -263.5 -222.6 -212.7 -207.0 -1.7 7.2 7.2 13.5 .8 1.8 1.1 Capital grants received by the United States (net) 0 0 0 0 0 0 0 0 741.4 Statistical discrepancy 750.9 796.5 778.7 787.6 891.7 -96.2 833.3 -82.4 874.1 -77.6 874.1 -95.4 884.0 934.5 -96.4 -115.5 23.6 Gross private domestic investment Net foreign investment 795.4 796.5 -55.1 Gross investment 15.2 32.1 34.4 12.0 819.0 13.3 978.0 1.2 Table 5.4.—Fixed Investment by Type Table 5.5.—Fixed Investment by Type in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 1993 IV Fixed investment. Nonresidential I 565.5 623.7 579.5 594.7 619.1 624.9 656.0 664.7 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 172.6 178.7 171.1 172.4 177.6 179.1 185.8 178.9 Producers' durable equipment Information processing and related equipment Computers and peripheral equipment1 Other Industrial equipment Transportation and related equipment Other 392.9 445.0 408.3 422.2 441.6 445.8 470.2 485.8 Residential Structures Single family Multifamily Other structures Producers' durable equipment 114.6 119.4 111.9 114.8 117.1 119.6 125.9 122.5 35.8 36.5 36.9 35.1 36.6 36.6 37.8 35.4 13.7 9.2 12.8 9.7 14.0 9.8 14.4 8.6 13.5 8.6 13.3 7.8 135.5 151.9 139.7 142.7 147.0 154.6 163.4 168.1 39.8 48.1 95.7 103.9 87.2 97.8 40.7 98.9 91.2 90.7 105.4 79.5 96.1 101.3 110.1 101.9 108.3 113.7 81.3 85.8 88.5 90.6 94.5 95.9 45.8 46.1 49.5 50.9 52.3 96.9 100.9 105.1 112.5 115.8 92.4 95.9 98.7 104.0 108.0 223.6 252.4 241.8 244.9 241.9 251.3 271.6 279.1 216.3 244.6 234.3 237.3 234.2 243.4 263.5 271.1 116.5 133.8 124.3 132.4 127.5 131.1 144.0 151.7 13.1 10.8 11.7 10.3 10.3 11.4 11.1 10.9 86.7 100.1 98.3 94.6 96.4 100.9 108.4 108.5 7.3 7.8 1. Includes new computers and peripheral equipment only. 12.6 9.7 7.5 7.5 IV I 789.1 876.1 821.3 839.5 861.0 876.3 927.6 943.8 12.4 9.8 1992 1993 1992 1994 1993 1992 7.6 7.9 8.1 8.0 Fixed investment. Nonresidential Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and Other structures Producers' durable equipment Information processing and related equipment Computers and peripheral equipmentl Other Industrial equipment Transportation and related equipment Other Residential Structures Single family Multifamily Other structures Producers' durable equipment 1994 1993 I I 726.4 806.0 754.3 773.7 790.6 806.9 852.9 866.2 529.2 591.8 543.7 562.3 584.3 594.8 625.7 634.1 150.6 151.5 148.0 148.2 151.1 151.2 155.6 148.9 100.8 101.8 30.9 30.6 97.5 31.6 99.3 100.5 101.5 106.0 102.6 29.9 30.6 30.5 31.2 29.0 11.1 8.1 10.3 8.6 10.4 8.6 10.0 8.9 11.4 8.7 11.7 7.5 10.9 7.5 10.6 6.8 378.6 440.2 395.7 414.1 433.2 443.6 470.0 485.1 159.9 195.2 168.5 178.6 186.8 200.9 214.6 222.4 71.2 100.4 88.7 94.8 72.7 80.2 77.2 91.3 75.7 89.5 89.0 76.7 94.5 105.1 112.4 117.2 92.3 95.9 102.2 105.2 78.8 80.5 84.7 87.9 77.7 68.3 82.1 69.4 85.7 73.2 92.8 74.9 76.1 85.7 76.5 91.0 79.7 94.1 80.7 197.1 214.2 210.6 211.4 206.2 212.1 227.2 232.2 190.1 206.8 203.3 204.1 198.9 204.6 219.6 224.6 102.7 113.1 107.9 113.9 108.7 110.0 119.6 125.6 9.0 9.4 9.3 11.8 9.1 9.8 9.3 10.4 75.6 84.4 85.0 81.1 81.2 84.8 90.5 89.7 7.0 7.4 1. Includes new computers and peripheral equipment only. 7.2 7.3 7.3 7.5 7.7 7.6 SURVEY OF CURRENT BUSINESS Table 5.10—Change in Business Inventories by Industry April 1994 [Billions of 1987 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1993 1992 1993 Nonfarm Change in book value Inventory valuation adjustment Manufacturing Durable goods Nondurable goods 7.3 15.6 12.0 34.6 5.0 Change in business inventories Farm -5.5 2.4 1.5 13.1 1994 1992 6.9 6.5 14.3 8.7 29.3 -5.0 Farm 3.8 -5.3 1.2 0 12.0 33.7 16.2 57.4 -4.3 -23.7 Nonfarm 2.7 19.7 7.5 2.3 21.1 9.5 33.0 16.8 3.3 51.7 34.8 8.8 31.2 6.2 -18.7 -18.0 -10.1 -6.4 -6.0 -.8 -14.2 -1.8 4.2 .4 -10.6 -1.7 -17.0 -5.5 3.7 4.6 3.9 2.8 22.6 21.9 .7 34.2 2.9 2.6 .2 -8.7 -4.3 -4.4 7.2 5.3 1.8 -3.2 3.9 6.8 .6 6.3 7.7 7.0 .7 1.4 1.0 4.6 7.2 -2.6 13.5 3.8 9.7 6.3 4.4 1.1 -.2 3.9 1.0 2.9 .2 .3 -.1 15.0 5.5 9.5 -1.5 -1.7 .2 -.3 -3.7 3.5 .9 .5 .4 6.1 1.8 4.2 .8 -1.3 2.0 10.0 6.2 3.7 -2.2 .8 -3.0 0 -.2 .2 1.4 1.2 .2 2.3 5.4 -3.1 2.3 1.8 .5 Retail trade Durable goods Automotive Other Nondurable goods 6.5 4.8 -.7 5.5 1.6 12.2 8.7 3.2 5.5 3.5 10.5 6.5 -1.9 8.4 4.0 27.6 21.9 19.0 2.9 5.8 3.0 .4 -.6 1.0 2.6 5.3 -.4 -8.4 8.0 5.7 12.8 12.9 2.9 10.0 -.1 13.8 12.3 7.5 4.8 1.6 Other Durable goods Nondurable goods -4.3 3.8 -8.1 5.6 2.6 3.0 -.2 5.5 -5.8 6.5 1.9 4.6 2.8 1.4 1.4 6.7 5.6 1.1 6.5 1.4 5.1 8.1 5.3 2.8 Change in business inventories 1994 1993 7.7 4.2 1.3 2.8 Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods 1992 1993 -3.7 -14.9 6.1 3.9 2.2 Wholesale trade Durable goods Nondurable goods 19 Table 5.11.--Change in Business Inventories by Industry in Constant Dollars [Billions of dollars] 1992 • 13.0 6.5 8.5 -4.1 -12.9 -4.4 -.2 29.3 17.1 19.4 12.9 30.7 .5 -12.5 -.5 -15.1 1.0 2.6 -.8 ^.6 3.8 5.0 1.4 3.6 3.1 2.8 .3 -5.3 -1.7 -3.6 7.8 5.5 2.3 30.5 Manufacturing Durable goods Nondurable goods -4.7 -8.9 4.2 Wholesale trade Durable goods Nondurable goods 5.4 3.6 1.1 3.7 1.3 2.4 10.7 3.4 7.3 -2.8 3.6 6.6 .6 6.1 6.4 6.3 .1 1.2 1.1 0 4.8 6.6 -1.9 5.6 4.0 1.6 -.2 -.4 .3 3.5 .9 2.5 .3 .4 -1 -3.3 3.2 -2.1 .8 -1.6 .4 —4 .4 5.9 1.7 4.2 .7 -1.2 1.8 8.5 5.6 2.9 -2.1 .8 -2.8 -.4 -.3 -1 1.6 1.4 .2 2.6 4.8 -2.3 2.2 1.8 .4 Retail trade Durable goods Automotive Other Nondurable goods 5.9 4.3 -.6 4.9 1.6 10.7 7.6 2.9 4.8 3.1 9.7 5.9 -1.7 7.6 3.8 24.0 18.9 16.6 2.3 5.1 3.0 .8 -.5 1.2 2.3 4.8 -.1 -7.1 7.0 4.9 11.1 11.0 2.4 8.6 .1 11.5 Other Durable goods Nondurable goods -3.9 3.4 -7.3 4.7 2.2 2.5 -.4 4.9 -5.3 5.4 1.6 3.8 2.4 1.2 1.2 5.0 4.8 .2 5.9 1.2 4.7 6.5 4.4 2.2 Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods 12.8 5.0 7.7 Table 5.12.—Inventories and Final Sales of Domestic Business by Industry 1.2 Table 5.13.—Inventories and Final Sales of Domestic Business by Industry in Constant Dollars [Billions of dollars] 10.3 6.2 4.1 [Billions of 1987 dollars] Seasonally adjusted quarterly totals Seasonally adjusted quarterly totals 1992 Inventories1 ... Farm 99.1 95.4 95.1 92.7 95.6 1,003.9 1,020.4 1,024.2 1,035.8 1,042.1 1,054.3 580.9 590.7 592.1 600.3 607.5 618.0 423.0 429.7 432.2 435.5 434.6 436.3 1994 1993 1992 985.3 992.6 995.9 997.5 88.1 88.1 87.1 83.9 82.8 82.7 Nonfarm Durable goods Nondurable goods 897.2 525.3 371.8 904.5 528.6 375.9 908.8 529.6 379.2 913.6 533.0 380.6 916.8 535.9 380.9 924.5 542.7 381.8 1,099.0 1,119.5 1,119.6 1,130.9 1,134.8 1,149.9 95.1 Nonfarm Durable goods Nondurable goods 1994 1993 Inventories' Farm 999.6 1,007.2 Manufacturing Durable goods Nondurable goods 400.9 251.0 149.9 402.0 250.8 151.2 402.4 250.7 151.7 407.0 254.2 152.8 405.0 253.8 151.2 407.7 256.6 151.1 Manufacturing Durable goods Nondurable goods 365.9 231.9 134.0 365.7 230.7 135.0 366.9 231.1 135.8 367.7 231.8 135.9 366.4 231.4 135.0 368.4 232.8 135.6 Wholesale trade Durable goods Nondurable goods 247.9 155.4 92.5 249.6 155.9 93.7 251.3 156.6 94.7 254.6 159.1 95.5 256.7 160.3 96.4 258.9 163.1 95.8 Wholesale trade Durable goods Nondurable goods 217.7 138.5 79.2 217.9 137.8 80.1 219.6 138.0 81.6 221.2 139.5 81.6 221.5 139.8 81.7 222.7 141.5 81.2 221.4 139.4 82.0 26.5 16.0 10.4 222.6 139.5 83.1 27.0 16.4 10.6 224.1 140.5 83.7 27.2 16.1 11.1 227.6 142.5 85.0 27.0 16.6 10.4 229.4 143.3 86.0 27.3 17.0 10.4 230.6 145.3 85.3 28.3 17.8 10.5 193.8 124.0 69.8 193.8 123.1 70.6 24.2 14.7 197.4 125.0 72.4 23.8 14.6 9.2 197.3 124.9 72.4 24.2 14.9 9.3 197.9 9.5 195.3 123.6 71.7 24.3 14.4 9.9 269.5 129.4 62.5 67.0 140.1 280.1 137.0 68.2 68.7 143.1 281.2 138.0 69.3 68.7 143.3 282.7 138.2 66.9 71.3 144.5 286.6 143.0 68.5 74.5 143.6 291.4 146.4 70.7 75.8 145.0 242.4 119.9 60.6 59.3 122.5 243.2 120.1 60.5 59.6 123.0 244.4 120.1 58.7 61.4 124.2 247.1 122.9 59.4 63.5 124.3 250.0 125.4 60.9 64.5 124.6 Merchant wholesalers ....... Durable goods Nondurable goods Nonmerchant wholesalers . Durable goods Nondurable goods Retail trade Durable goods Automotive Other Nondurable goods Other Final sales of domestic business2 Final sales of goods and structures of domestic business2 85.6 88.7 89.3 91.5 93.8 96.3 436.9 439.0 445.5 450.7 461.1 464.5 240.5 240.4 243.9 245.9 253.8 254.9 Ratio of inventories to final sales of domestic business Inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures Retail trade Durable goods Automotive Other Nondurable goods Other Final sales of domestic business2 Final sales of goods and structures of domestic business2 23.9 14.6 9.4 236.4 115.2 56.5 58.7 121.2 126.1 71.8 24.7 15.4 9.4 77.1 78.5 79.1 80.3 81.8 83.5 361.5 360.4 363.4 366.8 373.9 374.7 208.6 207.0 209.3 211.3 217.6 217.6 2.73 2.48 2.75 2.51 2.74 2.50 2.72 2.49 2.67 2.45 2.69 2.47 4.30 4.37 4.34 4.32 4.21 4.25 Ratio of inventories to final sales of domestic business 2.52 2.30 2.55 2.32 2.51 2.30 2.51 2.30 2.46 2.26 2.48 2.27 4.17 4.24 4.20 4.21 4.11 4.14 1. Inventories are as of the end of the quarter. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and general government and includes a small amount of final sales by farm. Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers . Durable goods Nondurable goods Inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures 1, inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual rates. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and general government and includes a small amount of final sales by farm, 20 • April 1994 SURVEY OF CURRENT BUSINESS Table 6.1C—National Income Without Capital Consumption Adjustment by Industry Table 6.16C—Corporate Profits by Industry [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 National income without capital consumption adjustment 1993 1992 Domestic industries 4,880.3 5,172.7 5,003.2 5,071.1 5,133.6 5,177.6 5,308.6 4,873.0 5,172.5 5,005.7 5,070.7 5,134.1 5,171.2 5,314.2 Private industries 4,138.5 4,407.2 4,262.0 4,313.3 4,372.8 4,401.9 4,540.7 Agriculture, forestry, and fisheries Mining Construction 100.9 38.5 212.8 105.3 40.1 228.0 40.1 218.1 112.5 40.2 219.3 106.7 39.3 224.7 84.2 39.6 231.6 41.1 236.4 Manufacturing Durable goods Nondurable goods 895.3 501.7 393.6 928.2 522.6 405.6 919.0 518.8 400.2 909.6 507.6 401.9 925.8 518.0 407.7 922.5 520.8 401.8 954.8 543.9 411.0 356.1 151.0 103.7 376.1 161.8 107.4 361.4 154.4 106.4 369.0 157.4 105.4 370.7 158.9 108.2 378.4 164.4 108.5 386.1 166.7 107.3 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services .... 117.6 101.! 106.9 100.6 106.2 103.6 105.6 112.1 283.6 416.7 297.7 444.9 297.8 428.7 288.2 432.2 299.8 441.1 297.4 449.1 305.2 457.3 748.9 816.0 768.3 801.2 805.9 818.2 838.8 1,085.8 1,171.0 1,124.4 1,141.1 1,158.9 1,180.7 1,203.4 Government . Rest of the world . 734.5 765.3 743.8 757.4 761.3 769.2 773.5 7.3 .2 -2.5 .4 -.5 6.4 -5.6 1992 IV Corporate profits with inventory valuation and capital consumption adjustments 104.3 1993 1994 1993 Domestic industries Wholesale trade Retail trade Finance, insurance, and real estate Services 1992 Financial Nonfinancial Rest of the world Receipts from the rest of the world ... Less: Payments to the rest of the world Corporate profits with inventory valuation adjustment Domestic industries Financial Federal Reserve banks Other Nonfinancial Manufacturing Durable goods Primary metal industries Fabricated metal products .... Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other Nondurable goods Food and kindred products ... Chemicals and allied products Petroleum and coal products Other Transportation and public utilities Wholesale and retail trade Other Rest of the world 1994 1993 I II III IV 407.2 466.6 439.5 432.1 458.1 468.5 507.9 344.9 407.9 384.8 373.0 400.0 405.8 452.8 66.7 87 4 70.7 81.0 85.0 87 6 96.1 278.3 320.5 314.1 292.1 315.0 318.2 356.7 62.3 65.2 58.7 71.3 54.7 60.5 59.0 66.7 58.1 71.4 62.7 74.0 55.1 73.2 3.0 12.6 5.8 77 13.3 11.3 18.1 390.1 442.3 414.8 407.0 433.4 444.8 484.0 327.8 383.6 360.1 348.0 375.3 382.1 428.9 78.1 99.0 82.0 92.3 96.4 99.3 108.1 17.8 16.2 16.7 16.6 16.2 16.0 16.2 60.3 82.8 65.3 75.7 80.2 83.3 91.9 249.8 284.6 278.1 255.7 278.9 282.8 320.8 115.5 131.7 128.0 118.9 132.5 126.7 148.9 48.3 60.2 58.0 48.0 58.4 59.9 74.4 2.5 .6 0 2.6 1.4 -.5 1.1 6.9 7.4 6.6 7.6 6.5 5.5 6.3 6.6 7.2 7.8 5.7 6.2 8.8 8.0 12.1 14.6 17.6 14.9 12.1 14.4 17.2 3.5 18.1 67 2 17.0 9.0 21.4 71 6 15.1 4.9 21.0 70 0 15.2 3.1 19.4 70 9 18.0 10.0 20.7 74 2 14.8 8.1 21.3 66 8 14.6 15.0 24.1 74 5 13.0 15.7 6.1 28.5 52.0 46 3 36.0 62.3 16.8 11.9 27.7 57.8 54 4 40.6 58.7 17.7 5.0 32.1 50.4 57 7 42.0 54.7 18.4 7.2 27.3 53.3 46 0 37.5 59.0 16.3 13.5 29.5 «flq 55 4 37.2 58.1 14.6 12.0 25.6 59.0 17.9 14.9 28.6 64 P 61 4 45.8 55.1 551 42.1 62.7 I April 1994 • 21 SURVEY OF CURRENT BUSINESS Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product [Index numbers, 1987=100] Seasonally adjusted Seasonally adjusted 1992 1993 1992 1993 1994 1992 1993 1992 1993 1994 I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weignts Implicit price deflator Personal consumption expenditures: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Implicit price deflator Durable goods: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Implicit price deflator Nondurable goods: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Implicit price deflator Services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Implicit price deflator Gross private domestic investment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Implicit price deflator Fixed investment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Implicit price deflator 133.0 140.5 136.4 137.9 139.4 140.9 143.8 145.6 109.8 113.1 111.6 111.9 112.4 113.2 115.1 115.8 109.5 112.5 111.3 111.4 111.9 112.5 114.2 109.4 112.3 111.1 111.2 111.7 112.3 114.0 122.1 121.5 121.7 121.1 125.9 125.0 125.2 124.2 123.5 122.6 122.9 122.2 124.8 123.8 124.1 123.3 125.6 124.7 124.9 124.0 126.3 125.3 125.6 124.5 127.0 127.9 126.0 126.3 124.9 "i257 135.6 143.9 139.4 140.8 142.8 144.8 147.2 149.1 109.5 113.1 111.3 111.5 112.5 113.7 114.9 116.0 109.0 112.3 110.7 110.9 111.7 112.8 113.9 109.1 112.4 110.8 110.9 111.8 112.9 114.0 124.9 124.4 124.5 123.9 128.7 128.0 128.1 127.2 126.5 125.8 125.9 125.3 127.5 126.8 127.0 126.2 128.4 127.7 127.9 127.0 128.9 128.2 128.3 127.4 129.8 130.4 129.1 129.2 128.1 "i28.5 123.2 133.2 128.0 127.6 131.7 134.2 139.4 143.0 113.1 121.4 117.3 116.9 119.9 122.1 126.6 129.5 111.6 118.9 115.5 114.8 117.7 119.5 123.6 111.8 119.1 115.7 115.0 117.9 119.8 123.8 111.5 110.4 110.2 108.9 113.8 112.2 112.1 109.8 112.1 110.8 110.7 109.1 112.6 111.2 111.1 109.2 113.5 112.0 111.9 109.8 114.1 112.5 112.4 109.9 114.9 115.4 113.2 113.1 110.1 "m"i 128.7 133.5 131.7 132.1 133.0 133.8 135.2 136.1 105.1 107.6 107.0 106.4 107.1 108.1 108.8 109.5 104.9 107.2 106.7 106.1 106.8 107.7 108.4 104.9 107.2 106.7 106.1 106.8 107.7 108.4 123.0 122.7 122.7 122.4 124.9 124.5 124.6 124.1 123.8 123.5 123.5 123.1 124.9 124.5 124.5 124.1 125.0 124.6 124.7 124.2 124.5 124.2 124.3 123.7 125.1 125.2 124.8 124.8 124.3 "1243 143.0 152.9 147.1 149.4 151.7 154.2 156.5 158.5 111.3 114.5 112.5 113.3 113.9 115.0 115.8 116.7 111.0 114.0 112.0 112.8 113.4 114.4 115.2 111.0 114.0 112.1 112.9 113.5 114.5 115.2 129.5 128.9 129.1 128.5 134.7 133.9 134.2 133.5 131.6 130.9 131.2 130.7 132.8 132.1 132.4 131.8 134.2 133.5 133.8 133.1 135.2 134.5 134.7 134.0 136.3 137.4 135.6 135.9 135.1 "iSS 106.3 119.0 111.2 116.7 116.7 118.0 124.7 130.5 97.8 109.5 101.8 107.2 107.2 108.6 115.0 119.7 96.2 105.9 99.9 104.4 104.1 104.6 110.6 96.5 106.4 100.4 104.9 104.6 105.1 111.2 109.1 121.2 113.6 116.1 119.1 121.2 128.3 130.5 100.5 111.5 104.3 107.0 109.3 111.6 118.0 119.8 98.4 107.6 101.9 103.8 105.9 107.3 113.3 108.3 102.6 104.5 106.6 108.1 114.1 112.0 111.0 110.3 108.6 114.7 112.9 112.3 108.7 112.8 111.5 110.9 108.9 113.5 112.0 111.4 108.5 114.4 112.7 112.1 108.9 115.2 113.3 112.7 108.6 115.7 116.2 1137 113.1 108.8 I Nonresidential: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weights Implicit price deflator Structures: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Implicit price deflator Producers' durable equipment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Implicit price deflator Residential: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Implicit price deflator Exports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weights .... Price indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weights .... Implicit price deflator Imports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights .. Benchmark-years weights ... Price indexes: Fixed 1987 weights Chain-type annual weights .. Benchmark-years weights ... Implicit price deflator 113.6 125.3 116.4 119.5 124.4 125.5 131.8 133.5 106.3 118.9 109.2 113.0 117.4 119.5 125.7 127.4 103.3 113.3 105.7 108.4 112.4 113.4 119.0 104.1 114.4 106.7 109.4 113.5 114.5 120.1 111.4 109.9 109.1 106.9 113.3 111.0 110.2 105.4 100.7 104.3 112.0 110.1 109.4 106.6 112.4 110.4 109.6 105.7 113.1 110.9 110.1 106.0 113.6 111.2 110.5 105.1 114.0 114.5 111.4 110.6 104.8 "1048 99.9 100.6 103.7 104.5 108.4 104.4 87.9 87.9 87.9 88.5 88.5 88.5 86.4 86.4 86.4 86.5 86.5 86.5 88.2 88.3 88.3 88.3 88.3 88.4 114.6 114.6 114.6 114.6 117.8 117.9 117.8 117.9 115.6 115.6 115.6 115.7 116.3 116.3 116.3 116.3 117.4 117.4 117.4 117.5 118.4 118.4 118.3 118.5 90.8 90.9 90.9 86.9 119.3 120.1 119.3 119.3 119.4 120.1 120.3 136.3 125.1 129.3 135.3 136.6 144.0 148.8 116.0 134.9 121.2 126.9 132.7 135.9 144.0 148.6 111.8 127.0 116.4 120.4 125.8 127.2 134.5 112.8 128.3 117.6 121.7 127.1 128.6 136.0 109.7 107.6 106.7 103.8 110.9 107.7 106.9 101.1 110.1 107.5 106.7 103.2 110.4 107.6 106.8 102.0 110.9 107.8 107.0 101.9 111.2 107.9 107.1 100.5 111.2 111.6 107.7 106.9 100.0 100.1 99.3 112.1 107.4 108.7 107.4 111.6 120.6 123.9 87.5 87.5 87.5 95.1 95.1 95.2 93.5 93.5 93.5 93.8 93.8 93.9 91.6 91.6 91.6 113.4 113.5 113.4 113.4 117.7 117.8 117.7 117.8 114.8 114.9 114.8 114.9 115.8 115.9 115.8 115.8 117.2 117.3 117.2 117.3 94.2 100.9 103.1 94.1 100.9 94.2 101.0 118.5 118.6 118.5 118.5 119.5 120.1 119.5 119.4 119.5 176.0 181.8 179.9 178.9 181.3 179.5 187.5 183.8 158.8 164.4 162.5 161.6 163.0 162.6 170.4 166.2 155.9 160.0 159.0 157.9 159.2 157.8 164.9 156.8 161.0 160.0 158.9 160.2 158.8 166.0 113.7 112.9 112.3 110.8 115.4 113.9 113.4 110.6 114.3 113.2 112.6 110.7 114.7 113.4 112.9 110.8 115.5 114.1 113.5 111.3 115.7 114.1 113.5 110.4 115.9 116.9 114.2 113.6 110.1 Tiu"5 132.2 143.0 136.8 138.0 143.0 143.0 148.2 148.1 120.6 133.1 124.3 127.8 131.8 133.8 138.9 139.9 116.6 1267 119.5 122.3 125.8 127.0 131.6 117.7 128.1 120.9 1237 127.2 128.4 133.1 115.1 113.4 112.3 109.6 115.0 112.8 1117 107.5 115.9 114.1 113.0 110.0 114.5 112.5 111.5 108.0 115.6 113.4 112.4 108.5 114.8 112.5 111.5 106.9 115.1 114.6 112.6 111.5 1067 105.9 22 • April 1994 SURVEY OF CURRENT BUSINESS Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued Table 7.2—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases [Index numbers, 1987=100] [Index numbers, 1987=100] Seasonally adjusted 1992 1993 1992 1993 1994 III it pun Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Implicit price deflator Federal: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights , Benchmark-years weights ., Price indexes: Fixed 1987 weights Chain-type annual weights , Benchmark-years weights . Implicit price deflator National defense: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. Implicit price deflator Nondefense: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. Implicit price deflator State and local: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights ..... Benchmark-years weignts Implicit price deflator Seasonally adjusted IV 128.4 131.4 129.8 129.3 131.4 132.1 132.6 132.1 107.2 107.0 106.9 106.5 107.4 105.6 106.8 106.8 106.8 105.1 106.4 107.2 105.6 106.6 106.6 106.6 106.2 107.1 105.4 106.5 106.5 106.5 120.6 120.0 120.2 119.7 124.3 123.5 123.7 123.3 116.6 115.2 117.5 115.0 116.3 115.2 114.3 112.8 96.9 92.2 96.6 92.2 96.3 92.0 121.8 120.7 121.0 120.3 126.2 124.8 125.3 124.9 121.7 121.0 121.3 120.8 123.2 122.4 122.6 122.4 124.0 123.2 123.5 123.1 124.8 123.9 124.2 123.7 97.1 96.8 96.5 92.9 92.9 92.7 93.4 93.4 93.2 91.9 91.9 91.6 122.8 121.5 122.0 121.1 125.1 123.6 124.1 123.8 125.8 124.3 124.8 124.5 126.8 125.4 125.9 125.4 125.1 126.2 124.4 124.6 124.1 125.6 90.7 90.8 90.5 87.8 127.0 128.4 125.9 126.4 126.1 128.4 107.4 103.9 108.1 104.4 105.3 103.4 102.5 100.3 89.4 88.6 88.7 83.0 82.5 82.7 89.5 88.5 88.6 122.3 121.2 121.2 120.1 127.2 125.8 125.9 125.1 123.5 122.2 122.2 120.8 145.4 150.8 147.: 84.2 83.8 83.9 84.4 84.0 84.1 82.2 81.6 81.8 125.9 124.4 124, 123.9 126.8 125.3 125.4 124.8 127.9 126.6 126.6 125.7 81.2 80.8 80.9 78.2 128.1 129.2 126.9 127.0 126.2 128.2 148.4 150.7 152.5 151. 152.1 120.4 121.1 121.1 120.1 121.7 122.4 120.4 118.0 122.1 123.0 122.9 121.8 123.5 124.4 122.5 120.7 121.6 121 120.4 122.0 122.9 121. 120.2 123.0 120.9 119.1 122.3 119. 120.5 123.8 121.2 120.8 124.5 121.6 122.5 122.5 123.4 121.6 121.8 122.; 123.0 123.3 124.0 123.6 123.9 124.6 123.6 125.8 123.3 124.8 125.9 128.8 137.5 143.9 139.2 140.4 143.2 145.2 146.8 147.1 115.2 117.6 115, 118.6 115.5 117.1 118.4 119.115.0 117.3 115.3 115.4 116.8 118.0 118.! 115.: 115.1 117.115.4 116.9 118.1 119.0 119.6 119.6 119.5 119. 122.8 122.7 122.6 122, 120.9 120.8 120.7 120.6 121.8 121.7 121.6 121.5 122.7 122.6 122.5 122.3 123.: 123.1 123.0 122.7 123.6 124.6 123.5 123.4 123.0 "124.O NOTE.—The quantity and price indexes in this table are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed-weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. Percent changes from preceding period for selected items in this table are shown in table 8.1. 1992 1993 1992 1994 1993 I I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts .. Implicit price deflator Final sales of domestic product' Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weignts Implicit price deflator Gross domestic purchases2: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts .. Implicit price deflator Final sales to domestic purchasers3 Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Implicit price deflator 133.0 140.5 136.4 137.9 139.4 140.9 143.8 145.6 109.8 113.1 111.6 111.9 112.4 113.2 115.1 115.8 109.5 112.5 111.3 111.4 111.9 112.5 114.2 109.4 112.3 111.1 111.2 111.7 112.3 114.0 122.1 121.5 121.7 121.1 125.9 125.0 125.2 124.2 123.5 122.6 122.9 122.2 124.8 123.8 124.1 123.3 125.6 124.7 124.9 124.0 126.3 125.3 125.6 124.5 127.0 127.9 126.0 126.3 124.9 1257 133.6 141.0 137.0 138.0 139.9 141.5 144.4 145.7 110.3 113.5 112.1 111.9 112.7 113.7 115.6 115.8 109.9 112.8 111.6 111.3 112.2 112.9 114.6 109.9 112.7 111.5 111.2 112.1 112.8 114.5 122.2 121.6 121.7 121.1 126.0 125.0 125.3 124.2 123.6 122.7 122.9 122.: 124.9 123.9 124.2 123.3 125.7 124.7 125.0 124.1 126.4 125.4 125.6 124.5 127.1 128.0 126.1 126.4 125.0 "125.8 129.6 137.6 133.1 134.7 136.5 138.1 140.8 142.9 107.: 111.3 109.1 109.7 110.6 111.6 113.4 114.5 106.7 110.2 108.4 108.9 109.6 110.4 112.0 106.7 110.3 108.5 108.9 109.7 110.5 112.1 122.0 121 121.5 120.9 125.6 124.9 124.9 123.6 123.4 122.8 122.8 122.1 124.4 123.8 123.8 122.8 125. 124.6 124.6 123.5 125.9 125.2 125.2 123.8 130.2 138.0 133.6 134.8 137.0 138. 126.6 127.3 125.9 125.9 124.2 "124.8 141.5 143.0 107.7 111.6 109.5 109.7 110.9 112.1 113.8 114.5 107.1 110. 108.7 108.8 109.9 110.8 112.4 107.2 110.6 108.9 108.9 110.0 111.0 112.5 122.1 121.6 121.5 120.9 125.' 124.9 124.9 123.6 123.4 122.8 122.8 122.0 124 125.4 126.0 126. 127.4 126.0 123.8 124.7 125.: 123.8 124.7 125.2 126.0 122.8 123.5 123.8 124.3 124.8 1. Equals GDP less change in business inventories. 2. Equals GDP less net exports of goods and services or equals the sum of personal consumption expenditures, gross private domestic investment, and government purchases. 3. Equals gross domestic purchases less change in business inventories or equals the sum of personal consumption expenditures, gross private domestic fixed investment, and government purchases. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. April 1994 SURVEY OF CURRENT BUSINESS Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product • 23 Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed 1987 Weights [Index numbers, 1987=100] [Index numbers, 1987=100] Seasonally adjusted Seasonally adjusted 1992 1993 1992 IV 1992 I II III IV 133.0 140.3 136.3 137.8 139.2 140.9 143.5 Less: Exports of goods and services and receipts of factor income: Current dollars Quantity index, fixed 1987 weights ... Plus: Command-basis exports of goods and services and receipts of factor income: Current dollars Quantity index, fixed 1987 weights ... Equals: Command-basis gross national product: Current dollars Quantity index, fixed 1987 weights ... 123.4 122.5 122.8 122.2 124.7 123.8 124.0 123.3 125.6 124.6 124.9 124.0 126.2 125.2 125.5 124.4 164.1 169.2 165.7 165.0 168.8 168.1 174.8 145.7 149.9 147.2 146.3 148.9 149.0 155.3 176.0 181.8 179.9 178.9 181.3 179.5 187.5 147.0 153.4 147.6 149.3 151.9 153.1 159.2 Nondurable goods Food Clothing and shoes Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Other Addenda: Price indexes for personal consumption expenditures: Chain-type annual weights Benchmark-years weights 124.9 128.7 126.5 127.5 128.4 128.9 129.8 130.4 112.2 115.8 113.3 113.9 115.3 116.6 117.5 117.9 104.0 104.3 104.2 103.9 104.2 104.3 105.0 105.3 124.2 126.8 124.3 126.1 127.2 126.8 127.1 128.3 123.0 124.9 123.8 124.9 125.0 124.5 125.1 125.2 122.7 118.2 124.7 117.3 130.3 123.5 119.8 126.3 116.2 131.4 124.2 119.0 123.1 117.4 132.2 124.3 118.9 118.8 116.5 131.5 125.3 118.8 120.4 114.3 131.4 127.8 115.6 114.6 116.4 135.5 148.5 137.2 125.4 113.9 112.7 114.9 131.9 144.0 134.4 126.5 113.5 112.2 114.6 134.4 145.9 135.4 127.6 115.3 114.2 116.2 134.9 147.9 136.6 128.1 116.4 115.8 116.9 136.0 149.3 137.6 129.0 117.1 116.0 118.0 136.7 150.7 139.1 124.4 128.0 125.8 126.8 127.7 128.2 129.1 124.5 128.1 125.9 127.0 127.9 128.3 129.2 NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1. 125.7 118.6 119.8 115.9 131.4 129.5 134.7 131.6 132.8 134.2 135.2 136.3 137.4 124.1 112.5 111.0 113.8 128.3 140.9 132.2 123.5 123.3 123.1 122.9 123.6 123.3 123.3 125.1 110.7 113.6 112.6 112.3 113.7 113.6 114.7 115.1 93.1 92.3 92.8 92.7 92.3 92.1 91.9 91.8 59.6 53.0 57.0 55.7 53.6 52.2 50.5 49.5 107.9 109.6 108.5 109.0 109.5 109.7 110.2 110.5 120.2 122.5 120.9 121.1 122.3 123.2 123.4 123.2 116.8 119.2 117.3 118.4 119.1 119.6 119.6 121.4 117.1 119.1 118.0 118.2 119.1 119.4 119.6 119.8 113.4 117.7 114.8 115.8 117.2 118.5 119.5 120.1 113.6 118.1 115.0 116.1 117.5 118.8 119.8 120.5 104.9 105.5 104.9 104.5 105.4 105.9 106.3 106.8 113.4 118.3 115.2 116.2 117.3 119.2 120.4 120.7 111.3 115.6 112.5 113.5 114.6 116.4 117.6 117.8 114.7 118.6 115.7 116.7 118.7 119.1 119.7 121.0 Addenda: Price indexes for fixed investment: Chain-type annual weights Benchmark-years weights 111.0 112.9 111.5 112.0 112.7 113.3 113.7 110.3 112.3 110.9 111.4 112.1 112.7 113.1 1. Includes new computers and peripheral equipment only. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 111.5 113.8 112.1 112.6 113.5 114.1 114.9 115.4 124.3 119.1 122.2 116.1 131.6 109.7 110.9 110.1 110.4 110.9 111.2 111.2 111.6 113.7 117.2 114.8 115.6 116.5 117.8 118.8 119.4 115.6 119.3 116.4 117.3 119.4 119.8 120.8 122.2 Producers' durable equipment ... 133.0 140.3 136.3 137.8 139.2 140.9 143.5 110.0 113.4 111.6 112.1 112.6 113.7 115.3 122.0 117.9 123.3 116.5 128.8 114.6 117.8 115.6 116.3 117.4 118.4 119.3 120.1 Structures Single family Multifamily Other structures [Index numbers, 1987=100] Motor vehicles and parts Furniture and household equipment , Other I 112.0 114.7 112.8 113.5 114.4 115.2 115.7 116.2 Residential Table 7.4.—Price Indexes for Personal Consumption Expenditures by Major Type of Product, Fixed 1987 Weights Durable goods . IV Producers' durable equipment Information processing and related equipment Computers and peripheral equipmentl Other Industrial equipment Transportation and related equipment Other 126.9 126.0 126.3 124.8 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Personal consumption expenditures III Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wens Other structures 109.9 113.1 111.5 111.8 112.3 113.2 114.9 109.6 112.4 111.2 111.3 111.8 112.5 114.0 109.5 112.3 111.0 111.2 111.7 112.4 113.9 125.9 124.9 125.2 124.1 I 111.4 113.3 112.0 112.4 113.1 113.6 114.0 114.5 Nonresidential 122.1 121.4 121.6 121.1 1994 1993 I IV Fixed investment Gross national product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Implicit price deflator 1993 1992 1994 1993 130.3 117.4 115.5 119.2 138.2 152.0 140.0 Table 7.9.—Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Factor Income, Fixed 1987 Weights [Index numbers, 1987=100] Exports of goods and services 113.7 115.4 114.3 114.7 115.5 115.7 115.9 116.9 110.5 110.8 110.0 128.2 110.7 110.8 110.4 128.5 Receipts of factor income2 122.5 125.7 123.7 124.9 125.6 126.1 126.5 Imports of goods and services 115.1 115.0 115.9 114.5 115.6 114.8 115.1 Merchandise' Durable Nondurable Services1 Merchandise1 Durable Nondurable Servicesl Payments of factor income3 Addenda: Price indexes for exports of goods and services: Chain-type annual weights Benchmark-years weights Price indexes for imports of goods and services: Chain-type annual weights Benchmark-years weignts 109.6 109.3 110.2 123.7 112.1 112.8 110.7 128.9 110.4 110.7 109.8 127.6 112.0 114.3 108.0 128.4 109.7 109.8 109.5 125.5 113.1 113.5 112.4 128.3 110.0 110.3 109.4 126.2 111.6 113.3 108.6 127.5 110.5 111.1 109.3 127.7 112.7 114.1 110.3 128.2 111.8 114.3 107.3 128.3 111.9 115.4 105.7 129.6 111.8 111.4 112.7 129.2 114.6 111.4 115.9 103.5 129.2 125.0 129.1 126.6 127.9 128.9 129.6 130.1 112.9 113.9 113.2 113.4 114.1 114.1 114.2 112.3 113.4 112.6 112.9 113.5 113.5 113.6 113.4 112.8 114.1 112.5 113.4 112.5 112.6 112.3 111.7 113.0 111.5 112.4 111.5 111.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. NOTE.— Percent changes from preceding period for selected items in this table are shown in table 8.1. 24 • April 1994 SURVEY OF CURRENT BUSINESS Table 7.10.—Price Indexes for Exports and Imports of Merchandise by End-Use Category, Fixed 1987 Weights Table 7.11.—Price Indexes for Government Purchases by Type, Fixed 1987 Weights [Index numbers, 1987=100] [Index numbers, 1987=100] Seasonally adjusted 1992 1993 1992 1994 1993 III Exports of merchandise Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods Imports of merchandise Seasonally adjusted 109.6 110.4 109.7 110.0 110.5 110.5 110.7 111.8 114.5 108.3 116.5 104.6 105.8 122.1 58.9 116.5 112.3 118.0 114.5 120.9 113.0 113.0 113.0 116.1 109.2 125.2 101.9 105.9 125.6 52.1 117.9 113.2 119.8 115.0 124.0 113.9 113.9 113.9 111.7 108.8 118.7 104.4 105.8 123.5 56.3 117.0 113.0 118.8 115.0 122.1 113.4 113.4 113.4 113.1 109.1 122.3 103.1 105.8 124.6 54.9 117.1 113.3 119.6 115.4 123.3 113.4 113.4 113.4 113.1 110.4 127.5 102.6 106.0 125.4 52.7 117.9 113.3 119.7 114.9 123.9 114.1 114.1 114.1 118.2 109.1 126.2 101.3 105.7 125.1 51.2 118.1 113.1 119.7 114.8 124.1 113.8 113.8 113.8 120.1 108.3 124.9 100.8 106.0 126.8 49.7 118.6 113.3 120.1 114.8 124.8 114.1 114.1 114.1 124.8 110.5 128.0 102.5 106.0 127.2 48.9 118.6 113.8 120.4 115.2 124.9 115.3 115.3 115.3 112.1 112.0 113.1 111.6 112.7 111.8 111.9 111.4 108.1 107.9 107.2 105.7 106.6 108.8 110.7 110.9 Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products Durable goods Nondurable goods Petroleum and products Capital goods, except automotive Civilian aircraft, engines, and parts ... Computers, peripherals, and parts .... Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods 114.2 115.3 113.1 100.8 107.3 122.2 61.4 116.5 114.8 118.3 116.9 120.1 114.7 114.7 114.7 Addenda: Exports of agricultural productsl Exports of nonagricultural products ... Imports of nonpetroleum products 111.5 113.3 109.8 111.1 110.5 115.0 116.6 121.8 109.4 110.0 109.7 109.8 110.5 109.9 109.9 110.5 113.4 114.3 114.2 113.4 114.3 114.4 115.3 115.6 114.3 117.0 111.5 91.4 108.0 125.6 55.6 118.4 116.9 119.4 118.4 120.7 116.0 115.9 115.9 114.4 114.7 114.0 104.0 108.0 123.5 59.0 117.8 115.9 119.8 117.9 122.3 115.8 115.8 115.8 114.8 117.6 111.9 95.5 106.9 124.6 57.8 116.5 115.1 118.8 117.9 119.8 114.8 114.8 114.8 115.0 117.4 112.4 99.1 107.7 125.4 56.3 117.8 116.5 119.7 118.7 120.9 115.8 115.8 115.8 113.4 115.5 111.1 88.5 108.6 125.2 55.0 119.3 117.0 119.5 118.4 120.8 116.0 116.0 116.0 114.0 117.3 110.4 81.6 109.0 126.9 53.4 120.1 118.9 119.7 118.6 121.1 117.3 117.3 117.3 115.4 120.0 110.6 74.1 108.8 127.2 52.4 120.1 119.5 119.5 118.5 120.7 117.4 117.4 117.4 1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable consumer goods, except automotive. 1992 1993 1993 1992 1994 IV Government purchases 120.6 124.3 121.7 123.2 124.0 124.8 125.1 126.2 121.8 126.2 122.8 125.1 125.8 126.8 127.0 128.4 Federal National defense Durable goods Nondurable goods Services Compensation of employees Military Civilian Other services Structures Nondefense Durable goods Nondurable goods Commodity Credit Corporation inventory change Other nondurables Services Compensation of employees Other services Structures State and local Durable goods Nondurable goods Services Compensation of employees Other services Structures Addenda: Price indexes for government purchases: Chain-type annual weights Benchmark-years weights Price indexes for Federal national defense purchases: Chain-type annual weights Benchmark-years weights Price indexes for Federal nondefense Chain-type annual weights Benchmark-years weights Price indexes for State and local purchases: Chain-type annual weights Benchmark-years weights 122.3 113.7 115.6 127.1 134.6 136.6 130.6 116.4 114.0 127.2 123.5 125.9 126.8 127.9 128.1 129.2 117.6 113.1 132.9 143.1 143.8 141.7 118.5 117.7 115.3 117.8 128.0 135.1 136.6 132.0 117.8 116.2 117.1 113.0 131.2 140.6 142.3 137.1 117.8 117.2 117.9 115.9 132.1 141.7 143.3 138.3 118.5 117.4 117.9 112.6 134.0 144.7 143.9 146.5 118.8 117.3 117.6 110.8 134.4 145.4 145.7 144.9 118.8 118.8 117.8 106.1 136.5 148.6 148.6 148.5 119.3 119.7 120.2 123.0 120.9 122.5 122.5 123.4 123.6 125.8 101.2 93.1 96.9 94.0 94.0 94.1 90.3 92.1 107.9 124.5 129.3 117.9 113.7 105.9 129.0 136.4 118.7 116.5 106.0 125.5 130.6 118.4 114.8 106.0 128.0 135.2 118.1 115.1 106.3 128.3 135.7 118.1 116.2 119.6 113.2 115.4 122.6 127.5 69.3 109.5 122.8 115.3 116.0 126.1 132.1 60.5 113.1 120.9 113.6 114.9 124.0 129.2 67.0 111.6 121.8 114.5 116.2 125.0 130.6 63.9 111.5 122.7 123.2 123.6 124.6 115.4 117.9 125.7 131.6 60.3 113.0 106.0 129.3 136.4 119.3 116.8 115.8 115.6 126.6 132.7 60.1 113.3 105.2 130.4 138.2 119.5 117.7 115.6 114.2 127.2 133.5 57.8 114.4 120.0 123.5 121.0 122.4 123.2 123.9 124.4 120.2 123.7 121.3 122.6 123.5 124.2 124.6 121.2 125.8 122.2 124.4 125.3 126.6 126.9 121.2 125.9 122.2 124.5 125.4 126.6 127.0 119.1 122.3 119.7 121.6 121.8 122.5 123.3 120.5 123.8 121.2 123.0 123.3 124.0 124.8 119.6 122.7 120.8 121.7 122.6 123.1 123.5 123.0 123.4 119.5 122.6 120.7 121.6 122. 106.7 133.3 143.0 119.8 118.3 116.6 115.5 128.1 134.6 57.7 114.8 April 1994 SURVEY OF CURRENT BUSINESS • Table 7.12.—Price Indexes for National Defense Purchases, Fixed 1987 Weights Table 7.14.—Implicit Price Deflators for Gross Domestic Product by Sector [Index numbers, 1987=100] 25 [Index numbers, 1987=100] Seasonally adjusted Seasonally adjusted 1992 National defense purchases . 1993 1992 1994 1993 122.3 127.2 123.5 125.9 126.8 127.9 128.1 129.2 113.7 117.6 115.3 117.1 117.9 117.9 117.6 117.8 Durable goods ... Military equipment Aircraft Missiles Ships Vehicles Electronic equipment.. Other Other durable goods 114.4 118.4 98.6 118.4 120.9 109.2 116.6 106.5 Nondurable goods 118.8 125.7 98.3 121.7 128.0 109.8 118.2 106.1 116.2 121.8 97.4 119.2 124.1 109.6 117.9 106.3 118.2 124.8 99.1 120.7 126.0 109.7 118.2 106.3 119.1 125.3 99.9 121.4 130.8 109.6 118.2 106.2 119.0 127.0 96.8 122.7 126.9 109.6 117.9 105.8 118.8 125.8 97.5 122.1 128.3 110.0 118.3 106.0 118.9 127.5 91.0 123.3 131.0 110.3 118.8 106.3 115.6 113.1 117.8 113.0 115.9 112.6 110.8 106.1 Gross domestic product Business Nonfarm Nonfarm less housing Housing Farm Statistical discrepancy Households and institutions Private households Nonprofit institutions 1993 1992 1994 1993 121.1 124.2 122.2 123.3 124.0 124.5 124.9 125.7 119.8 122.6 120.9 121.8 122.5 122.9 123.2 123.9 120.1 119.5 125.5 106.1 119.8 122.8 122.4 127.3 110.7 122.6 121.2 120.8 124.5 104.9 120.9 122.1 121.6 126.9 107.1 121.8 122.8 122.3 126.8 109.3 122.5 123.1 122.7 127.4 108.3 122.9 123.3 122.8 128.1 117.8 123.2 123.9 123.1 131.9 123.0 123.9 127.7 131.9 129.8 131.3 131.3 131.9 133.2 134.7 115.7 119.4 117.4 117.9 118.7 120.0 121.1 121.7 128.2 132.5 130.4 131.9 131.9 132.4 133.8 135.3 119.7 112.5 124.2 111.1 119.7 110.8 108.3 94.0 108.5 111.4 111.5 111.3 111.1 112.6 110.5 111.0 117.9 115.3 116.8 116.7 116.2 114.3 113.8 114.7 Services General government 129.0 134.4 130.3 132.8 133.8 135.1 136.0 137.8 Federal State and local 132.8 140.6 133.5 138.6 139.5 141.8 142.8 146.5 127.4 131.9 129.0 130.4 131.4 132.5 133.3 134.4 127.1 132.9 128.0 131.2 132.1 134.0 134.4 136.5 Petroleum products Ammunition Other nondurable goods Addendum: Gross domestic business product less housing 134.6 136.6 130.6 116.4 Structures 143.1 143.8 141.7 118.5 135.1 136.6 132.0 117.8 140.6 142.3 137.1 117.8 141.7 143.3 138.3 118.5 144.7 143.9 146.5 118.8 145.4 145.7 144.9 118.8 148.6 148.6 148.5 119.3 111.9 113.5 120.5 134.7 104.6 110.6 Compensation of employees . Military Civilian Other services Contractual research and development Installation support1 Weapons support2 Personnel support3 Transportation of material . Travel of persons Other 113.1 115.7 124.4 136.0 105.2 116.4 113.5 114.5 122.1 136.8 104.5 111.3 113.8 113.8 123.1 134.9 104.9 115.6 113.6 115.4 124.0 136.4 104.8 115.6 113.2 116.8 124.4 136.0 105.8 116.2 111.7 116.9 126.1 136.9 105.3 118.2 112.5 117.0 127.7 136.7 105.3 119.2 114.0 117.7 116.2 117.2 117.4 117.3 118.8 119.7 Military facilities Other 106.1 108.3 107.5 108.1 108.0 107.7 109.4 110.7 128.6 135.0 132.2 133.9 134.8 135.0 136.0 136.2 Addenda: Price indexes for national defense purchases: Chain-type annual weights Benchmark-years weights 121.2 125.8 122.2 124.4 125.3 126.6 126.9 121.2 125.9 122.2 124.5 125.4 126.6 127.0 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. 3. Includes compensation of foreign personnel, consulting, training, and education. Table 7.13.—Implicit Price Deflators for the Relation of Gross Domestic Product, Gross National Product, Net National Product, and National Income [Index numbers, 1987=100] Gross domestic product Plus: Receipts of factor income from the rest of the world l Less: Payments of factor income to the rest of the world 2 Equals: Gross national product 121.1 124.2 122.2 123.3 124.0 124.5 124.9 125.7 122.5 125.8 123.7 124.9 125.6 126.1 126.5 124.8 128.7 126.3 127.7 1284 1292 129.4 121.1 124.1 122.2 123.3 124.0 124.4 124.8 Less: Consumption of fixed capital 110.6 112.2 111.0 111.5 111.9 112.5 112.7 113.2 Equals: Net national product 122.5 125.7 123.6 124.8 125.5 126.0 126.4 Less: Indirect business tax and nontax liability plus business transfer payments less subsidies plus current surplus of government enterprises .... Statistical discrepancy 131.3 132.1 131.0 127.7 132.1 135.1 133.3 133.4 119.8 122.6 120.9 121.8 122.5 122.9 123.2 Equals: National income 121.6 125.1 122.9 124.5 124.9 125.1 125.7 Addenda: Net domestic product Domestic income 122.5 125.8 123.7 124.9 125.6 126.1 126.5 127.4 121.7 125.1 123.0 124.6 125.0 125.2 125.8 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. 1992 119.3 Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business [Dollars] Current-dollar cost and profit per unit of constant-dollar gross domestic product' ... Consumption of fixed capital Net domestic product Indirect business tax and nontax liability plus business transfer payments less subsidies Domestic income Compensation of employees Corporate profits with inventory valuation and capital consumption adjustments Profits tax liability Profits after tax with inventory valuation and capital consumption adjustments Net interest 1.149 1.164 1.154 1.162 1.164 1.164 1.165 .125 .123 .122 .124 .123 .124 .122 1.024 1.040 1.032 1.037 1.041 1.039 1.044 .116 .908 .762 .118 .923 .768 .099 .035 .109 .040 .064 .048 .046 .116 .116 .916 .761 .921 .772 .118 .923 .770 .118 .922 .769 .118 .925 .762 .109 .102 .037 .108 .040 .108 .118 .037 .038 .044 .072 .046 .065 .047 .068 .046 .070 .045 .075 .044 1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left. 26 • April 1994 SURVEY OF CURRENT BUSINESS Table 8.1.—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 1993 1993 1992 1992 1994 1993 1992 1994 1993 I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Personal consumption expenditures: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Durable goods: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Nondurable goods: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Gross private domestic investment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Fixed investment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Nonresidential: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights .. Benchmark-years weights .... Price indexes: Fixed 1987 weights Chain-type annual weights .. Benchmark-years weights .... 5.5 5.6 9.2 4.4 4.3 4.4 8.4 5.2 2.6 2.3 2.4 3.0 2.7 2.7 5.7 5.5 5.5 .8 .4 .4 1.9 1.8 1.8 2.9 2.2 2.2 7.0 6.2 6.2 2.6 3.3 3.1 3.2 3.1 2.9 2.9 3.1 2.8 2.9 4.3 4.1 4.1 2.8 2.7 2.7 2.1 2.1 2.1 2.3 2.4 2.4 2.9 6.0 6.1 9.9 3.8 6.1 5.5 6.8 5.2 2.6 2.3 2.5 3.3 3.0 3.1 5.6 5.1 5.2 3.4 3.2 3.2 4.4 4.0 4.0 4.4 3.9 3.9 3.8 3.7 3.6 3.6 3.0 2.9 2.9 3.1 2.9 3.0 3.4 3.3 3.3 2.9 2.9 2.9 1.4 1.5 1.5 2.8 2.8 2.8 2.1 8.6 8.2 13.1 -1.0 13.3 8.0 16.3 10.8 7.0 6.7 6.8 7.3 6.5 6.6 13.2 12.1 12.2 -1.3 -2.2 -2.2 10.8 10.4 10.4 7.6 6.4 6.4 15.2 14.1 14.1 9.7 2.2 1.8 2.0 2.0 1.7 1.7 1.1 1.0 1.1 1.8 1.4 1.4 3.3 2.8 2.8 2.0 1.8 1.8 2.6 2.4 2.4 1.9 3.4 3.8 8.2 1.1 2.9 2.3 1.4 1.4 1.4 2.4 2. 2. 7.3 7^0 7.0 -2.1 -2.2 -2.2 2.7 2.5 2.5 3.7 3.5 3.5 2.7 2.5 2.5 2.1 2.0 1.6 2.1 1.5 -1.3 1.9 6.9 6.9 10.1 6.4 2.2 2.0 2.1 2.9 2.7 2.8 2.9 2.6 2.8 3.1 2.8 2.8 5.0 4.8 4.9 4.0 3.9 4.0 4.6 4.4 4.5 3.7 3.7 3.7 8.1 12.0 16.4 8.5 7.4 7.9 11.9 10.: 10.3 13.3 13.8 13.8 3.5 3.4 3.4 6.0 5.4 2.1 2.0 2.0 3.9 3.8 3.8 2.6 2.5 2.5 3.1 4.3 4.2 4.2 2.9 2.9 2.9 3.4 3.4 3.4 3.2 21.1 4.6 24.9 20.0 22.7 19.3 19.3 5.0 2.0 2.0 25.8 25.1 25.1 17.4 -1.2 -1 5.8 11.0 15.3 11.0 9.4 14.0 14.1 14. 10.7 1.8 1.8 1.7 1.1 1 2.2 I.' 1.7 3.3 2.7 2.7 1.0 7.3 2. 2.1 2.1 25.6 7.2 6.4 1.9 1.4 1.4 1.9 10.9 10.3 11.8 9.6 9.8 10.6 24.8 24.1 24.1 9.0 9.5 2.9 1 2.0 2.4 6.8 6.2 5.1 5.6 1.1 .8 2.5 7.6 7.4 7.6 17.4 3.8 21.< 5.4 14.4 10.3 10.3 16.6 16.0 16.0 7.4 3.4 3.4 22.5 21.: 21.: 5.5 1.6 1.0 1.0 2.5 1^8 1.8 1.9 1.2 1 1.2 ,6 ,6 1.8 Structures: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . 3.1 3.5 -2.1 -1.9 -1.9 -6.0 -6.0 -6.0 12.6 3.4 15.8 -14.0 12.2 -16.1 11.9 11.9 8.1 8.4 8.4 3.4 3.3 3.3 3.2 3.3 3.3 2.5 5.3 13.3 10.3 14.3 19.7 3.9 23.8 13.9 6.9 4.7 5.7 16.3 13.5 13.8 11.5 11.6 11.9 19.9 14.5 14.5 19.8 19.1 19.1 10.0 4.7 4.7 26.0 25.0 25.0 13.5 1.3 .5 1.1 .1 .2 -.2 -1.1 1.2 .3 .3 1.8 .8 .8 1.0 .3 .3 .1 -.5 1.3 17.9 12.9 37.5 5.2 -4.8 16.5 36.4 11.5 16.3 16.3 16.3 8.7 8.7 8.7 32.8 32.9 32.8 1.5 1.6 1.6 -9.5 -9.4 -9.4 11.9 11.8 11.8 31.7 31.9 31.9 9.1 1.3 1.4 1.4 3.8 3.8 3.8 3.7 3.6 3.6 3.5 3.4 3.4 4.6 4.3 4.3 3.2 3.1 3.1 2.2 3.3 8.8 -2.1 5.5 -4.1 19.1 -7.7 3.5 2.6 2.7 8.8 8.1 8.2 -2.4 -2.7 -2.7 3.6 3.3 3.3 -.9 -3.4 -3.4 20.4 19.3 19.3 -9.3 15 '.9 1.0 1.4 .8 .9 1.5 .8 .8 2.8 2.4 2.4 .7 .3 .3 3.7 8.2 8.2 3.6 15.3 15.4 -.2 8.7 7.2 7.9 10.3 8.7 8.9 5.6 5.0 5.2 11.6 9.8 9.8 13.3 11.8 11.8 6.0 3.8 3.8 16.4 15.; 15.3 2.8 1.2 .6 .8 -.1 -1.3 -1.0 -1.0 -A.I -5.3 -5.3 3.8 3.2 3.2 -2.7 -3.1 -3.1 1.1 -1.6 3.0 2.3 1.7 -1.4 6.8 2.2 -.1 —.2 ., 3.8 3.9 3.9 7.9 Imports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights 2.5 2.4 2.4 1.2 .8 1.0 Exports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights 2.7 2.8 2.8 6.4 5.6 6.0 Residential: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights .... Benchmark-years weights 2.8 2.8 2.8 6.5 Producers' durable equipment: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights . Government purchases: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights -5.5 —.7 -.6 -.6 -1.4 -.8 -.8 -6.4 -5.9 -5.9 4. 4.0 4.0 0 0 3.1 2.9 2.6 3.0 2.5 5.0 4.6 4.6 2.6 2.7 2.7 2.5 2.4 2.4 -1. -8.3 4.4 -3.4 -5.3 -4.9 -4.6 -3.5 -16.2 -2.1 -15.0 -2.1 -15.0 2.0 2.2 2.2 -6.2 -5.2 -12.0 -4. 2.3 3.3 3. n —.c 3.4 3.1 3.2 5.0 5.1 5.1 -1.6 -6.2 3.7 1.5 Federal: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights National defense: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights ... Benchmark-years weights -3.5 -3.4 4.5 4. 4.4 3.6 3.4 2.1 1.8 2.0 7.5 7. 7.2 4.6 2.3 -2. -3.3 -1.3 -13.1 -7.2 -7.1 -7.1 -7.1 -7.2 -6.8 -6.7 -4.6 -21.4 -3.0 -19.6 -2.9 -19.6 -9.8 -10.6 -10.6 -4.9 -13.9 -4.1 4.9 4. 4.8 4.0 3.8 3.9 3. 4.0 4.0 3.7 2.1 1.8 1.9 7.6 7.6 3,0 2.9 2.9 -3.5 -8.3 April 1994 SURVEY OF CURRENT BUSINESS • 2J Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued Table 8.2.—Selected Per Capita Product and Income Series in Current and Constant Dollars and Population of the United States [Percent] [Dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1992 1993 1992 1994 1993 1992 1993 I Nondefense: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. Price indexes: Fixed 1987 weights Chain-type annual weights . Benchmark-years weights .. State and local: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights ..... Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Addenda: Final sales of domestic product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Gross domestic purchases: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Final sales to domestic purchasers: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts IV 1994 1993 I II III IV I Current dollars: 9.4 3.8 3.6 6.2 4.9 -2.8 1.4 -.4 -.1 -.1 6.2 6.2 6.2 1.8 -3.2 -3.5 -3.5 5.5 5.5 5.5 2.5 2.9 2.9 -6.5 -5.9 -5.9 -7.6 2.9 2.3 2.3 .6 2.6 2.6 7.3 2.4 2.7 2.7 1.9 1.9 1.9 5.7 6.3 6.3 4.5 4.6 3.1 3.3 8.3 5.8 4.5 2.2 2.1 2.1 2.1 2.0 2.0 5.6 5.2 5.2 4.5 4.2 4.2 3.3 3.1 3.1 -2.6 .1 .1 .3 .4 .4 2.5 2.4 2.4 2.6 2.6 2.6 2.9 2.9 2.9 3.0 2.9 2.9 2.9 3.0 3.0 1.8 1.6 1.6 1.5 1.4 1.4 3.0 5.2 5.5 9.1 5.7 4.8 8.5 3.5 2.3 2.0 2.1 2.8 2.6 2.5 5.8 5.6 5.5 3.2 3.0 3.0 3.4 2.7 2.7 6.8 6.1 6.1 .9 -1.1 -1.1 3.3 3.1 3.2 3.1 2.9 3.0 3.2 2.7 2.8 4.3 4.1 4.1 2.8 2.7 2.7 2.1 2.1 2.1 2.3 2.4 2.4 2.9 5.7 6.2 9.1 5.0 5.4 4.8 8.1 6.0 2.9 2.5 2.7 3.8 3.3 3.3 5.4 5.1 5.1 2.5 1.7 1.7 3.1 2.7 2.7 3.7 3.0 3.0 6.7 6.0 6.0 4.1 3.3 3.1 3.2 2.9 2.8 2.8 2.8 2.7 2.7 3.5 3.4 3.4 2.9 2.8 2.8 1.8 1.7 1.7 2.3 2.4 2.4 2.3 5.4 6.0 9.0 3.5 6.8 5.2 8.2 4.2 2.5 2.2 2.4 3.7 3.2 3.2 5.5 5.2 5.2 .3 .3 4.4 4.0 4.0 4.2 3.5 3.5 5.8 5.8 3.3 3.1 3.2 2.9 2.8 2.8 2.8 2.7 2.7 3.5 3.3 3.3 2.9 2.8 2.8 1.8 1.7 1.7 2.3 2.4 2.4 5.4 5.5 8.5 4.6 4.2 4.8 5.0 4.9 4.8 1.0 1.9 1.7 1.7 3.3 2.7 2.7 3.1 2.9 2.9 3.1 2.7 2.8 4.3 4.1 4.1 2.8 2.7 2.7 Command-basis gross national product: Quantity index, fixed 1987 weights 2.5 3.1 4.7 1.9 1.9 3.7 6.4 2.9 4.6 1.9 15.1 10.6 -5.1 -7.8 8.5 5.8 2.7 1.6 7.8 5.4 2.4 2.3 2.4 2.4 4.1 2.7 NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixedweighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. 24,346 24,538 24,732 25,166 25,428 24,134 20,767 24,347 20,430 24,536 20,837 24,756 20,930 25,145 21,257 21,458 17,615 18,225 18,153 17,876 18,196 18,265 18,561 18,705 16,205 1,947 17,006 2,083 16,589 2,013 16,704 2,004 16,907 2,062 17,088 2,095 17,321 2,170 17,501 2,221 5,092 9,166 5,227 9,695 5,190 9,385 5,192 9,508 5,215 9,631 5,229 9,763 5,273 9,878 5,294 9,986 19,518 19,888 19,754 19,744 19,786 19,869 20,150 20,231 19,548 19,897 19,755 19,754 19,793 19,898 20,143 14,219 14,330 14,490 14,163 14,326 14,341 14,491 14,554 13,081 1,787 13,372 1,897 13,241 1,845 13,234 1,835 13,312 1,878 13,416 1,907 13,523 1,970 13,617 2,012 4,161 7,133 4,213 7,261 4,216 7,179 4,184 7,216 4,200 7,234 4,226 7,283 4,242 7,310 4,257 7,348 Mnnrii irahla Constant (1987) dollars: product Disposable nprctnnal expenditures ... Durable goods Mnnrlurahlo 6.1 Disposable personal income: Current dollars , 1987 dollars 24,143 24,697 20,864 income Personal 6.2 5.4 5.4 3.3 3.1 3.2 24,696 23,665 20,139 Gross domestic product 7.6 2.9 2.6 2.6 23,637 product Personal income . Disposable personal income Personal goods Services 2.4 2.5 2.2 2.3 Gross domestic product expenditures ... Durable goods 3.1 3.1 3.1 Gross national product: Current dollars Quantity indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weignts Price indexes: Fixed 1987 weights Chain-type annual weights Benchmark-years weights 1992 goods Services Population (midperiod, thousands) 255,472 258,254 256,569 257,197 257,872 258,612 259,334 259,949 28 • April 1994 SURVEY OF CURRENT BUSINESS Table 8.3.-Auto Output Table 8.4.—Auto Output in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates 1992 1993 1992 Seasonally adjusted at annual rates 1994 1993 III 133.5 137.6 126.7 134.3 87.3 91.3 39.5 43.0 37.6 39.1 62.2 67.0 -24.6 -28.0 -32.8 -37.7 14.3 14.5 47.0 52.2 2.0 1.9 Change in business inventories of new and used autos New Used Addenda: Domestic output of new autos' Sales of imported new autos 2 137.2 131.4 140.8 137.0 141.2 130.9 127.7 133.6 135.4 140.7 90.3 86.8 90.3 90.2 98.1 40.6 40.9 43.3 45.2 42.6 37.1 36.9 42.2 38.9 38.2 62.7 61.8 72.6 67.4 66.4 -25.6 -24.9 -30.4 -28.5 -28.2 -32.6 -35.3 -37.0 -39.3 -39.2 15.9 14.5 14.9 13.2 15.4 48.4 49.8 51.8 52.5 54.7 2.1 2.0 2.0 1.5 1.8 4.9 3.4 1.4 -.8 -.7 -1 11.4 12.0 -.7 5.0 1.6 3.5 104.1 110.7 108.0 114.6 111.9 60.1 64.1 60.5 59.6 65.5 -2.4 -3.4 1.0 1993 1992 1994 1993 IV III 133.2 142.5 136.4 142.8 145.9 134.6 146.7 166.3 Auto output Final sales Personal consumption expenditures New autos Net purchases of used autos Producers' durable equipment New autos Net purchases of used autos Net exports Exports Imports Government purchases 1992 5.5 3.5 2.0 161.2 150.8 103.3 47.5 40.7 71.5 -30.8 -32.0 16.6 48.6 1.7 5.1 6.1 -1.0 99.3 117.2 132.2 69.6 61.8 64.8 Auto output Final sales Personal consumption expenditures New autos Net purchases of used autos Producers' durable equipment New autos Net purchases of used autos Net exports Exports Imports Government purchases Change in business inventories of new and used autos New Used Addenda: Domestic output of new autos l Sales of imported new autos 2 IV 117.4 121.1 120.1 122.5 123.4 113.5 125.0 138.0 117.8 117.7 119.6 114.0 121.2 116.3 119.2 136.4 113.9 115.5 115.8 112.2 115.5 115.4 118.8 127.2 77.9 79.5 79.9 76.5 78.9 78.2 84.4 88.4 36.0 36.0 35.9 35.7 36.6 37.2 34.4 38.9 32.8 34.7 32.7 32.6 37.5 34.6 34.0 35.5 55.5 58.4 55.5 54.5 63.5 58.5 57.1 61.2 -22.7 -23.7 -22.8 -21.9 -26.0 -23.9 -23.2 -25.7 -30.5 -34.1 -30.4 -32.6 -33.5 -35.4 -34.9 -27.7 12.7 12.7 14.1 12.8 13.1 11.6 13.6 14.5 43.3 46.9 44.5 45.5 46.6 47.0 48.4 42.2 1.4 1.7 1.1 1.7 1.7 1.2 1.6 1.5 -.4 .1 3.4 2.2 1.2 92.8 53.6 96.3 55.8 8.5 9.1 96.8 53.6 52.5 2.2 -.7 3.0 -2.9 -3.7 .8 96.5 57.3 5.8 4.2 1.6 1.6 2.5 85.8 102.9 111.2 60.4 53.2 55.5 1. Consists of final sales and change in business inventories of new autos assembled in the United States. 2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases. 1. Consists of final sales and change in business inventories of new autos assembled in the United States. 2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases. Table 8.5.—Truck Output Table 8.6.—Truck Output in Constant Dollars [Billions of dollars] [Billions of 1987 dollars] Truck output1 Final sales Personal consumption expenditures Producers' durable equipment Net exports Exports Imports Government purchases Change in business inventories 1. Includes new trucks only. 97.0 98.0 110.3 127.2 92.4 102.0 49.7 52.0 45.3 48.2 -6.7 -6.4 99.9 113.1 123.1 50.0 57.7 61.2 48.6 54.8 60.2 -4.8 -3.6 -3.5 6.6 5.4 6.9 10.2 10.5 10.1 5.2 4.2 6.0 83.3 101.3 93.7 100.0 82.2 101.8 43.3 52.3 37.1 49.2 -5.1 -5.4 92.0 47.8 41.1 -4.6 5.6 5.8 6.0 5.2 5.7 10.7 11.2 10.7 11.9 12.1 6.9 5.6 7.7 4.1 8.2 1.2 -.5 1.7 7.7 -5.0 -1.9 -2.8 4.2 Truck outputl Final sales Personal consumption expenditures Producers' durable equipment Net exports Exports Imports Government purchases Change in business inventories 1. Includes new trucks only. 71.4 83.5 79.5 83.7 80.2 79.9 90.1 102.5 70.4 37.1 31.8 -4.4 83.8 43.3 40.4 -4.5 78.1 40.7 34.8 -3.9 77.3 42.0 37.6 -5.7 84.2 43.3 39.6 -5.4 81.4 40.9 39.5 -4.0 92.3 46.9 44.8 -2.9 4.8 9.1 5.9 4.8 9.2 4.6 5.1 9.1 6.6 4.4 4.6 10.1 10.0 3.4 6.7 4.4 8.4 4.9 5.7 8.6 3.5 48.4 -2.9 5.3 8.1 4.2 1.0 -.4 1.4 6.3 -4.1 -1.5 -2.3 3.3 99.2 49.5 SURVEY OF CURRENT BUSINESS April 1994 NIPA Charts REAL GDP AND ITS COMPONENTS: TRENDS AND CYCLES Dec. Nov. P T 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 1994 • 29 30 • April 1994 SURVEY OF CURRENT BUSINESS SELECTED SERIES: RECENT QUARTERS Percent change Percent change 10 10 REAL GROSS DOMESTIC PRODUCT' GROSS DOMESTIC PURCHASES PRICE INDEX ...Illl.llM 1991 1992 1993 1994 1991 1992 1993 1994 Percent change 10 REAL GROSS DOMESTIC PURCHASES' CORPORATE PROFITS WITH IVA AND CCAdi' .1 ill ill I 300 200 1991 1992 1993 1994 1991 1992 1993 1994 1991 1992 1993 1994 Percent change 10 1991 1. Percent change at annual rate from preceding quarter; based on seasonally adjusted estimates. 2. Seasonally adjusted annual rate; IVA is inventory valuation adjustment, and CCAdi is capital consumption adjustment. 3. Personal saving as percentage of disposable personal income; based on seasonally adjusted estimates. U.S. Department of Commerce, Bureau of Economic Analysis 1992 1993 1994 SURVEY OF CURRENT BUSINESS April 1994 Selected Monthly Estimates Table 1.—Personal Income [Billions of dollars; monthly estimates seasonally adjusted at annual rates] 1994 1993 1992 1993 Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Feb. r Dec. Mar.^ 5,144.9 5,388.3 5,249.1 5,289.2 5,365.6 5,380.4 5,373.6 5,365.1 5,432.3 5,440.6 5,478.7 5,511.2 5,548.1 5,501.1 5,600.0 5,633.1 2,973.1 2,405.6 756.5 577.6 682.0 967.0 567.5 3,080.5 2,490.8 763.6 577.3 706.6 1,020.6 589.7 2,976.3 2,393.9 742.7 561.0 684.3 967.0 582.3 2,975.8 2,392.9 740.8 559.6 683.0 969.0 583.0 3,068.3 2,483.8 765.2 582.1 704.9 1,013.6 584.5 3,093.8 2,507.3 766.7 580.3 713.1 1,027.5 586.4 3,086.0 2,497.9 763.3 578.4 709.2 1,025.4 588.1 3,101.6 2,511.3 766.8 579.5 713.2 1,031.3 590.3 3,124.3 2,531.8 769.4 581.2 717.3 1,045.1 592.6 3,120.4 2,524.9 772.1 583.7 712.8 1,040.0 595.5 3,137.7 2,543.3 774.6 584.0 719.0 1,049.7 594.4 3,147.1 2,552.0 779.4 587.5 718.4 1,054.1 595.1 3,164.0 2,567.2 783.9 591.8 722.9 1,060.4 596.8 3,191.5 2,590.6 785.6 592.1 731.4 1,073.6 600.9 3,197.8 2,595.6 790.3 597.2 731.4 1,073.8 602.2 3,212.9 2,610.1 792.6 598.1 737.6 1,079.8 602.8 Other labor income 322.7 350.7 338.5 341.2 343.9 346.6 349.3 352.0 354.7 357.4 360.1 362.9 365.8 368.8 371.9 375.1 Proprietors' income with IVA and CCAdj .... Farm Nonfarm 414.3 43.7 370.6 443.2 46.0 397.3 436.9 48.2 388.7 470.2 82.0 388.2 449.4 59.7 389.7 437.9 45.2 392.7 430.8 36.0 394.8 403.8 10.6 433.2 32.7 400.4 449.8 43.9 406.0 470.4 60.0 410.4 480.8 65.3 415.4 464.7 54.1 410.6 478.0 62.2 393.1 430.5 31.1 399.4 484.1 63.6 420.5 -8.9 12.6 9.5 8.1 14.3 12.0 11.9 7.1 16.1 17.9 16.8 16.4 15.9 -43.7 24.6 29.5 Personal dividend income 140.4 158.3 157.1 157.2 157.5 157.8 158.2 158.6 159.0 159.3 159.4 159.4 159.5 159.7 160.4 162.0 Personal income . Wage and salary disbursements Private industries Commodity-producing industries Manufacturing Distributive industries Service industries Government Rental income of persons with CCAdj 415.8 Personal interest income 694.3 695.2 695.2 694.1 693.1 692.0 697.8 697.3 696.2 697.9 858.4 413.9 39.2 405.2 912.1 438.4 34.1 439.6 892.6 432.5 32.9 427.2 898.3 432.5 36.0 429.7 901.7 434.7 34.0 433.0 904.5 435.1 32.8 436.7 910.2 435.3 36.4 438.4 693.6 914.3 438.9 34.3 441.1 695.7 Transfer payments to persons Old-age, survivors, disability, and health insurance benefits Government unemployment insurance benefits Other 919.4 438.4 36.2 444.7 921.8 441.0 34.7 446.2 925.9 444.1 32.0 449.8 927.5 444.3 31.8 451.4 936.2 450.0 32.9 453.2 940.7 455.0 28.6 457.1 700.1 946.2 458.4 27.0 460.7 947.0 459.3 25.1 462.6 Less: Persona! contributions for social insurance , 249.3 264.3 256.9 256.9 263.5 265.3 264.9 265.9 267.4 267.0 268.3 269.1 270.2 278.4 278.9 280.0 5,080.1 64.8 5,320.0 68.3 5,179.0 70.1 5,185.1 104.0 5,283.7 81.9 5,312.8 67.6 5,315.0 58.6 5,332.2 33.0 5,378.7 53.6 5,385.4 55.3 5,412.1 66.6 5,428.4 82.8 5,459.9 88.3 5,423.9 77.2 5,514.6 85.4 5,546.1 87.0 Addenda: Total nonfarm income Total farm income 1 p Preliminary. r Revised. 1. Equals farm proprietors' income, farm wages, farm other labor income, and agricultural net interest. 702.5 Source: U.S. Department of Commerce, Bureau of Economic Analysis. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment Table 2.—The Disposition of Personal Income [Monthly estimates seasonally adjusted at annual rates] 1994 1993 1992 1993 M7 a Feb. Apr. | May July Aug. Sept. Oct. Nov. Feb. r Dec. Billions of dollars, unless otherwise indicated 5,144.9 5,388.3 5,249.1 5,289.2 5,365.6 5,380.4 5,373.6 5,365.1 5,432.3 5,440.6 5,478.7 5,511.2 5,548.1 5,501.1 5,600.0 Less: Personal tax and nontax payments . 644.8 681.6 657.3 659.0 677.8 683.1 682.0 685.5 690.7 690.9 694.8 698.7 704.1 712.9 715.3 718.9 Equals: Disposable personal income .... 4,500.2 4,706.7 4,591.9 4,630.1 4,687.8 4,697.3 4,691.6 4,679.6 4,741.6 4,749.7 4,783.9 4,812.5 4,844.0 4,788.3 4,884.7 4,914.2 Less: Personal outlays 4,261.5 4,516.8 4,435.1 4,409.8 4,459.4 4,481.9 4,509.4 4,527.6 4,544.0 4,560.4 4,604.7 4,618.7 4,636.9 4,635.1 4,693.5 4,712.6 4,139.9 497.3 1,300.9 2,341.6 4,391.8 537.9 1,350.0 2,503.9 4,311.6 508.2 1,345.0 2,458.4 4,286.1 506.7 1,327.2 2,452.2 4,335.8 526.6 1,342.3 2,466.9 4,358.7 532.7 1,344.1 2,481.8 4,385.3 535.6 1,348.1 2,501.6 4,403.3 540.0 1,349.6 2,513.7 4,419.2 544.1 1,350.5 2,524.6 4,434.8 541.6 1,357.1 2,536.1 4,477.9 559.4 1,366.3 2,552.1 4,490.8 562.1 1,366.0 2,562.7 4,507.4 566.8 1,370.0 2,570.5 4,504.3 567.7 1,359.9 2,576.7 4,562.5 577.3 1,383.9 2,601.2 4,581.4 587.3 1,384.3 2,609.8 111.1 10.4 114.0 11.0 112.4 11.0 112.7 11.0 112.7 11.0 112.2 11.0 113.1 11.0 113.5 10.8 114.0 10.8 114.8 10.8 115.6 11.2 116.6 11.2 118.3 11.2 119.2 11.7 119.3 11.7 119.5 11.7 238.7 189.9 156.8 220.4 228.4 215.4 182.3 152.0 197.7 189.3 179.2 193.9 207.2 153.2 191.2 201.6 3,632.5 3,700.9 3,636.5 3,660.4 3,694.2 3,697.7 3,691.2 3,678.5 3,721.3 3,726.3 3,740.2 3,755.5 3,778.1 3,741.1 3,798.2 3,810.5 17,615 14,219 255,472 18,225 14,330 258,254 17,854 14,139 257,190 17,988 14,220 257,403 18,196 14,339 257,631 18,216 14,339 257,870 18,176 14,301 258,115 18,113 14,238 258,356 18,335 14,389 258,612 18,348 14,395 18,463 14.435 259,106 18,557 14,481 259,336 18,663 14,556 259,556 18,434 14,402 259,757 18,791 14,612 259,947 14,648 260,143 3,341.8 456.6 1,062.9 1,822.3 123.9 3,453.2 490.0 1,088.1 1,875.2 127.2 3,414.5 465.5 1,082.2 1,866.9 126.3 3,388.4 464.4 1,067.4 1,856.6 126.5 3,416.7 479.5 1,079.0 1,858.3 126.9 3,431.2 485.2 1,081.7 1,864.3 127.0 3,450.2 487.9 1,088.8 1,873.6 127.1 3,461.2 491.8 1,089.8 1,879.6 127.2 3,468.2 494.9 1,090.0 1,883.3 127.4 3,479.2 492.5 1,099.1 1,887.7 127.5 3,500.9 506.6 1,100.4 1,894.0 127.9 3,504.4 509.9 1,098.3 1,896.1 128.1 3,515.5 516.3 1,101.8 1,897.3 128.2 3,519.2 515.8 1,094.1 1,909.3 128.0 3,547.7 523.0 1,113.6 1,911.1 128.6 3,552.4 530.0 1,112.3 1,910.2 129.0 5.3 4.0 3.9 4.4 4.7 4.4 3.9 3.8 3.8 4.0 3.9 4.0 3.8 3.8 3.7 0.7 0.6 0.7 -0.8 1.8 Personal income Personal consumption expenditures Durable goods Nondurable goods Services Interest paid by persons Personal transfer payments to rest of the world (net) . Equals: Personal saving Addenda: Disposable personal income: Total, billions of 1987 dollars 1 Per capita: Current dollars 1987 dollars Population (thousands) Personal consumption expenditures: Total, billions of 1987 dollars Durable goods Nondurable goods Services Implicit price deflator, 1987-100 ... Personal saving as percentage of disposable personal income 2 5,633.1 Percent change from preceding period Personal Income, current dollars . 6.1 4.7 0.4 0.8 0.3 -O.1 -0.2 1.3 0.2 0.6 Disposable personal income: Current dollars 1987 dollars Personal consumption expenditures: Current dollars 1987 dollars p Preliminary. Revised. 1. Disposable personal income in 1987 dollars equals the current-dollar figure divided by the implicit price deflator for personal consumption expenditures. r 1.0 1.3 2. Monthly estimates equal the centered 3-month moving average of personal saving as a percentage of the centered 3-month moving average of disposable personal income. Source: U.S. Department of Commerce, Bureau of Economic Analysis. 3-2 • April 1994 SURVEY OF CURRENT BUSINESS Table 3.—U.S. Internationa! Transactions in Goods and Services [Millions of dollars; monthly estimates seasonally adjusted] 1994 1993 1992 1993 Feb. Mar, Apr. June May July Aug. Sept. Oct. Nov. Dec. Jan. r Feb./' 619,848 643,563 51,829 54,090 53,568 53,746 52,563 52,399 52,731 53,660 54,957 54,735 57,250 54,296 52,902 Goods Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive Other goods Adjustments1 440,138 40,209 109,307 176,709 47,080 50,382 24,476 -8,026 456,771 40,391 111,953 183,037 51,691 53,413 24,288 -8,002 36,253 3,447 8,683 14,251 4,380 4,237 1,931 -675 38,382 3,468 9,238 15,579 4,307 4,351 1,951 -513 37,841 3,411 9,109 15,226 4,424 4,242 2,067 -638 38,249 3,310 9,676 15,278 4,298 4,501 1,866 -681 36,977 3,151 8,833 15,255 4,115 4,291 1,994 -662 36,577 3,223 9,327 14,336 3,792 4,442 1,989 -532 37,224 3,053 8,967 15,296 4,170 4,491 2,073 -826 38,134 39,371 3,499 9,893 15,579 4,521 4,559 2,041 -721 39,451 41,469 3,472 9,681 15,565 4,740 4,791 1,987 -785 3,666 9,792 17,186 4,635 4,666 2,288 -765 38,528 3,314 8,977 16,097 4,425 4,515 1,979 -778 37,165 3,174 8,605 15,242 4,497 4,425 1,956 -734 Services Travel Passenger fares Other transportation Royalties and license fees Other private services Transfers under U.S. military agency sales contracts 2 U.S. Government miscellaneous services 179,710 53,861 17,353 22,773 20,238 53,601 11,015 869 186,792 56,501 17,849 23,508 20,414 56,434 11,259 827 15,576 4,722 1,519 1,891 1,628 4,735 1,027 54 15,708 4,668 1,491 2,026 1,646 4,774 1,039 63 15,727 15,497 4,690 1,491 1,942 1,746 4,543 15,822 4,911 1,542 1,916 1,732 4,683 971 15,507 4,705 15,526 4,669 1,459 15,781 4,874 1,507 15,737 4,857 1,509 1,893 1,725 4,703 947 60 15,586 4,726 1,476 2,052 15,767 4,898 1,475 4,761 99 15,586 4,700 1,517 1,951 1,752 4,606 963 97 15,284 4,796 1,522 2,000 1,725 4,588 1,002 94 912 56 1,709 4,728 832 63 1,705 4,829 802 63 659,575 720,324 55,464 61,038 60,252 58,647 60,886 59,290 59,775 61,843 63,417 Goods Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive Other goods Adjustments1 536,276 27,857 138,273 134,193 91,779 122,973 17,590 3,611 589,210 28,050 145,021 152,788 102,447 133,852 18,354 44,992 2,174 11,052 11,718 8,347 10,264 1,278 160 50,168 2,389 12,643 12,379 8,850 11,489 1,598 821 49,331 48,059 2,304 12,265 12,302 8,159 10,671 1,605 753 50,076 2,341 12,753 13,094 8,589 11,307 1,614 378 48,334 48,871 2,316 12,096 12,822 2,331 11,734 12,456 7,769 11,001 8,523 11,680 50,702 2,437 12,193 13,004 8,742 11,612 1,529 800 1,373 774 1,518 52,015 2,563 12,493 13,653 8,995 11,740 1,547 1,196 Services Travel Passenger fares Other transportation Royalties and license fees Other private services Direct defense expenditures2 U.S. Government miscellaneous services 123,299 39,872 10,943 23,454 4,986 27,988 13,766 2,290 131,114 42,329 11,256 24,511 4,748 33,595 12,286 2,388 10,472 3,447 911 1,870 361 2,618 1,066 199 10,869 10,921 3,521 944 2,088 393 2,718 1,067 191 10,588 10,956 3,503 911 2,080 410 2,843 1,000 210 10,904 3,457 918 2,020 411 2,901 983 213 11,141 1,060 190 10,811 3,376 905 2,093 407 2,791 1,050 190 3,634 960 2,044 412 2,905 975 212 -96,138 -132,439 56,411 55,678 -39,727 -76,761 -8,739 5,104 -3,635 -11,787 4,839 -11,491 4,806 -6,684 -9,810 4,909 -4,901 -13,098 4,775 -8,323 -11,757 4,866 -6,891 -11,647 4,603 -7,044 -12,568 4,385 -8,183 Exports of goods and services Imports of goods and services Memoranda: Balance on goods Balance on services Balance on goods and services 3,494 933 2,149 369 2,668 1,058 198 -6,948 2,240 12,643 12,426 8,777 11,094 1,481 671 p Preliminary. r Revised. 1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and 985 3,366 894 2,003 401 2,674 3,432 9,581 14,999 4,125 4,597 2,151 -751 1,951 1,718 4,531 1,416 1,938 2,009 1,705 4,836 1,539 2,005 1,983 787 63 1,719 4,703 838 66 1,721 4,764 835 62,190 61,398 60,938 62,608 1,025 50,802 2,348 12,283 13,283 8,811 11,504 1,687 887 50,217 2,343 11,561 13,966 8,912 11,080 1,740 616 49,878 2,457 11,566 14,181 8,466 11,266 1,538 403 51,051 2,379 12,092 13,965 8,823 11,431 1,572 789 11,402 11,388 3,698 1,004 2,085 11,181 3,613 951 2,995 983 194 11,061 3,555 948 1,987 414 2,989 972 196 11,556 3,715 -8,748 4,600 -4,148 -11,350 4,707 -6,643 -13,886 4,181 1,008 2,133 409 2,954 984 199 409 3,013 983 196 -12,643 -11,351 4,184 3,896 -7,455 -8,460 2,036 409 69 3,708 994 1,989 683 3,026 961 195 -9,706 definitions used to prepare BEA's international and national accounts. 2. Contains goods that cannot be separately identified. Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census. Mar. April 1994 SURVEY OF CURRENT BUSINESS 33 Integrated Economic and Environmental Satellite Accounts The existing systems of national economic accounts—including national income and product accounts, input-output accounts, and balance sheets—are without question premier tools for analysis and decisionmaking. Since their origins over so years ago, they have been refined, extended, and updated to reflect changes in the economy and to respond to changing analytical and policy concerns. Continuing this evolution, this article and its companion "Accounting for Mineral Resources: Issues and BEA'S Initial Estimates," beginning on page 50, present new work by BEA on an accounting framework that covers the interactions of the economy and the environment. To do so, this framework provides new breakdowns that are relevant to the analysis of these interactions and extends the existing accounts' definition of capital to cover natural and environmental resources. The framework takes the form of a satellite account—an account that supplements, rather than replaces, the existing accounts. This article presents the analytical and economic accounting background for the new work, an overview of the satellite accounting framework, and a long-term plan to implement the framework. Because it introduces a topic that has both economic and environmental dimensions, some parts of the article may appear elementary—perhaps even oversimplified—to readers familiar with the economic (and economic accounting) dimensions, while other parts may appear elementary to those familiar with the environmental dimensions. The second article discusses the conceptual and methodological issues in mineral resource accounting and presents estimates of mineral stocks and changes in those stocks for the past several decades. It is a technically oriented article that describes in some detail the alternative valuation methods and the source data and estimating procedures used to prepare the new estimates. Over the years, the national economic accounts have benefited from discussion and critique of concepts, source data, and estimating methods. The same is to be expected for the IEESA'S, as BEA'S new integrated economic and environmental satellite accounts are being called. I invite your comments. Carol S. Carson Director, Bureau of Economic Analysis C HE ECONOMY and the natural environJL ment interact at many points, and these interactions raise analytical questions. • The Nation's wealth includes natural resources, such as oil and gas reserves and timber, that are used in production. At what rate are these resources being used? • The income of producers in the mineral industries includes a return to the drilling rigs, mining equipment, and other structures and equipment engaged in them and a return to the mineral What share is attributable to the mineral? • Economic activity adds to the proved stock of natural resources by exploration and technological innovation. How much of the use of natural resources in production has been offset by these additions? • Households, governments, and business all make expenditures to maintain or restore the environment. What share of their spending is for the environment? • The economy disposes of wastes into the air and water, and the resulting degradation of the environment imposes costs, such as lower timber yields and fish harvests and higher cleaning costs. What are these costs? Which sectors bear them? The answers to questions such as these about the interaction of the economy and the environment are often based on partial and sometimes even inconsistent information, suggesting the need to identify and quantify the interactions SURVEY OF CURRENT BUSINESS 34 • April 1994 within a systematic framework as a basis for more informed analysis and decisionmaking. This article introduces the integrated economic and environmental satellite accounts (IEESA'S), which are meant to help fill that need. The IEESA'S are a supplementary set of accounts structured to show the interactions of the economy and the environment more fully than the existing economic accounts. While the IEESA'S build on the existing economic accounts, they do not replace them; likewise, IEESA measures do not replace measures, such as gross domestic product (GDP), from the existing accounts. serve and their general structure are introduced in the accompanying box.) Work on the natural resources satellite accounts was given added impetus and extended in scope in 1993 when President Clinton, as part of his April 21 Earth Day address, gave high priority to the development of "Green GDP measures [that] would incorporate changes in the natural environment into the calculations of national income and wealth." At that time, BEA committed to producing initial estimates of natural resource depletion within a year. The Bureau of Economic Analysis (BEA) began work leading to this article—and to the companion article about mineral resources, which begins on page 50—in 1992. At that time, as part of a long-term program to modernize its economic accounts, BEA began research on two sets of accounts to supplement the existing national accounts. One of these sets of supplementary accounts, called satellite accounts, focused on the stock, and changes in the stock, of natural resources.1 (The roles that satellite accounts can The first section of this article discusses the analytical and economic accounting background of the IEESA'S and concludes with a summary of a United Nations system of satellite accounts for the environment, after which BEA'S accounts are fashioned. The second section introduces the main features of the IEESA'S, presents an inventory of available data sources, and considers uses of the new accounts. The final section describes BEA'S long-term work plan for developing the satellite accounts, the first phase of which is completed with the presentation of the two articles in this issue of the SURVEY OF CURRENT BUSINESS. Bibliographic references for both articles begin on page 62. i. The other set, on research and development, will be introduced in an upcoming issue of the SURVEY OF CURRENT BUSINESS. Satellite Accounts: What Are They? Satellite accounts are frameworks designed to expand the analytical capacity of the national accounts without overburdening them or interfering with their generalpurpose orientation. In this role, satellite accounts organize information in an internally consistent way that suits the particular analytical focus at hand, yet they maintain links to the existing national accounts. Further, because they supplement, rather than replace, the existing accounts, they can be a laboratory for economic accounting in that they provide room for conceptual development and methodological refinement. In their most flexible applications, satellite accounts may use definitions and concepts that differ from the existing accounts. For example, a satellite account may be built around a broader concept of capital formation than the existing accounts. This flexibility is being used in BEA'S work on integrated economic and environmental accounts and on research and development accounts. Satellite accounts such as these use different concepts and definitions by design; in other respects, they retain consistency with the existing accounts. Satellite accounts can add detail or other information about a particular aspect of the economy to that in the existing accounts; for instance, they can integrate monetary and physical data. They can ar- range information differently, perhaps by cutting across sectors to assemble information on both intermediate and final consumption. For example, a satellite account can assemble business expenditures on training—treated as intermediate consumption in the existing accounts—and education-related expenditures by households and government to analyze the role of education in the economy. They can use a classification other than the primary one. For example, they can identify expenditures on "research in education" as part of research expenditures even though they are included in education expenditures in the existing accounts. The terminology and concepts associated with satellite accounts reflect the experiences of several countries that have constructed them, largely on an ad hoc basis, for fields such as health, education, agriculture, research and development, and the environment. The System of National Accounts 1993, the newly revised international guidelines, includes a chapter that provides a general framework for satellite accounts and demonstrates how that framework can be used for some of the fields in which such accounts would be most useful. This chapter represents, in a real sense, the coming of age of satellite accounts as an analytical tool. SURVEY OF CURRENT BUSINESS The Background for Integrated Economic and Environmental Accounting The analytical background It is, of course, a simplification to speak of the economy and the environment as two distinct realms. It can be argued, for example, that the economy is part of nature because the economic activity of human beings in producing food and shelter parallels the similar activity of animals. In this simplification, the economy is defined as the human activities relating to income, production, consumption, accumulation, and wealth (although there is a continuing discussion about the scope to be given, for example, to the term "production"). The term "environment" refers to the environment of human beings, which is made up of the biological resources, subsoil resources, land and related ecosystem resources, water, and air. From the standpoint of the economy, the environment can be thought of as consisting of a range of natural resource and environmental assets that provide an identifiable and significant flow of goods and services to the economy. The economy uses these productive natural assets in a wide range of ways. Crude oil pumped from proved reserves, for example, is used in the production of petroleum products, while clean water in lakes and oceans is used in the production of fish, paper products, and electric power. The economy's uses of the goods and services provided by these environmental assets can be grouped into two general classes. When use of the natural asset permanently or temporarily reduces its quantity, the use is viewed as involving a flow of a good or service, and the quantitative reduction in the asset is called depletion. In that class of uses, biological resources, for example, are used as food, as raw materials for clothing, and as building materials and fuel. Water is used for drinking, cooling, processing, and irrigation. When use of the natural asset reduces its quality, the qualitative reduction in the asset is called degradation. These qualitative uses include the conversion of land from one use to another, such as the partial development of forestland. The development of forestland results in a reduction in the economic value of the land as forestland because of the reduction in the flow of recreational services associated with its degradation as a wildlife area and tourist destination. In another kind of qualitative use, natural assets are used as a sink for the disposal of residual pollutants that are byproducts of production. The use of natural assets describes only part of the interaction between the economy and the environment. There are also feedback effects. Materials balance and energy accounting highlight both the use of the natural assets and the feedback effects from the use; thus, they capture the full interaction between the economy and the environment.2 In the case of natural resources, oil pumped from reserves today reduces the quantities that can be extracted from existing fields in the future; similarly, overharvesting of fish stocks today reduces yields in the future. In the case of environmental assets, the feedback is more complicated, with effects that often fall on other industries and consumers. For example, when businesses use environmental goods and services along with labor and capital in production, residuals—such as lead and cadmium, or carbon monoxide and sulfur oxides—are also produced and are then disposed of into the environment. Up to a point, the environment is able to assimilate these residuals; beyond that point, however, significant environmental degradation affects the ability of the environment to provide 2. Materials balance and energy accounting, developed in the late 1960's, is based on the first law of thermodynamics—that matter can neither be created nor destroyed. The accounts therefore describe a circular flow process: A raw material input is transformed by the processes of the economy, this transformation results in a new product and in residuals, and those residuals are transformed in the natural environment into raw materials. Acknowledgments This article and its companion are the initial products of BEA'S natural resource accounting project, J. Steven Landefeid, BEA'S Deputy Director, directed the project. He and Carol S. Carson, BEA'S Director, were the principal authors of the two articles. Gerald F. Donahoe, Chief of the National Income and Wealth Division, coordinated and supervised the preparation of the estimates for this project. The other authors and their areas of responsibility were as follows: Bruce T. Grimm, SNA accounting issues, present discounted value minerals estimates, and rates of return; Stephanie L. Howell, IEESA framework and estimates other than minerals; Arnold ]. Katz, conceptual issues, minerals methods, and oil and gas transactions estimates; Gary L. Rutledge, pollution abatement and control estimates; Timothy F. Slaper, minerals concepts and methods, current-rent minerals estimates, and oil and gas replacement-cost estimates; Eric J. Troyer, minerals methods and estimates, BE A also acknowledges the many outside experts who provided advice on source data and methods. In particular, Richard W, Haynes, of the U.S. Department of Agriculture Forest Service, provided data and essential assistance with the issues and methods involved in the valuation of standing timber. April 1994 • 35 36 • April 1994 SURVEY OF CURRENT BUSINESS raw materials to the economy (and to assimilate residuals). Degradation of air and water quality, for example, may lead to economic feedback—for example, lower timber yields and fish harvests, higher rates of depreciation in plant and equipment, additional cleaning costs, and increased health expenditures. In addition, either because of governmental regulations or the need to dispose of residuals that the environment can no longer handle, businesses and others may need to make expenditures for pollution abatement and control. Integrated economic and environmental accounting aims to provide a picture of these interactions between the economy and the environment. Although this picture, as already noted, has numerous elements and is complex, by definition it does not cover many of the transformations and interactions within the environment itself—for example, the disposal of waste products from wild fish and mammals or the conversion of natural carbon dioxide into oxygen by plant matter on land and in the oceans. The accounts highlight the fact that economic sustainability depends on environmental sustainability, and they provide data to help analyze the costs and benefits for the careful stewardship of our economic and environmental assets. Consistent and detailed accounting of the interactions between the economy and the environment provides a common framework for integrating the work of environmental specialists, economists, and other analysts from a wide range of disciplines. The economic accounting background Economic accountants have long been aware of the issues that arise with respect to natural resources and the environment. One of the issues, which is also reviewed in the companion article, is whether the economic accounts should reflect the parallelism that is apparent in business accounting between depreciation, a charge for the using up of plant and equipment in production, and depletion, a charge for the using up of natural resources in production. In particular, because depletion of mineral resources has long been chargeable against profits in the U.S. tax code and because tax return tabulations have been used as source data for profits and other property income components of the national income and product accounts (NIPA'S), explicit decisions were required on the treatment of depletion in the accounts. Initially, depletion was treated symmetrically with depreciation, but no entry was made for additions to the stock of mineral resources parallel to the treatment of investments in structures and equipment. As a result of dissatisfaction with this asymmetric treatment, the entry for depletion was removed beginning in 1947. In the late 1960^ and early 1970's, environmental accounting issues came up as part of a broader interest in social accounting. Work by James Tobin and William Nordhaus, among others, on adjusting traditional economic accounts for changes in leisure time, disamenities of urbanization, exhaustion of natural resources, population growth, and other aspects of welfare produced indicators of economic well-being. However, the seemingly limitless scope, the range of uncertainty, and the degree of subjectivity involved in such measures of nonmarket activities limited the usefulness of, and interest in, these social indicators. It was felt that inclusion of such measures would sharply diminish the usefulness of traditional economic accounts for analyzing market activities. Attention subsequently focused on more readily identifiable and directly relevant market issues, such as the extent to which expenditures that relate to the protection and restoration of the environment (and other socalled defensive expenditures) are identifiable in the economic accounts. In response to this interest in environmental protection, in the mid-1970's, BEA was a pioneer in the development of estimates of pollution abatement and control (PAC) expenditures in a national accounting framework. Further, presaging what was to come, the framework for these estimates can be viewed as an early form of a satellite account. The PAC estimates focus on an area of interest and provide detail that would have burdened presentation of the more general NIPA estimates. The steps in the evolution of natural resource and environmental accounting since the early 1980's can be summarized in terms of international efforts, in which there was active U.S. participation, and the literature related to these effects. For this purpose, 1982 is a reasonable place to start. In that year, the United Nations Environment Program (UNEP) was given the mandate to develop methodological guidelines on environmental accounting. In its earlier work, UNEP had tried to clarify the linkages between economic development and the environment to help integrate issues of environmental and resource management into the framework of economic decisionmaking. To follow up on SURVEY OF CURRENT BUSINESS the mandate, UNEP and the World Bank sponsored a series of workshops in 1983-86 to explore the current state of environmental and natural resource accounting. The general thinking was that although economists had long considered the "external effects" of production and consumption, they had not taken into account the effects on the resource system as a whole and the consequence that eventually someone was going to have to bear the "external costs." A broader view would internalize environmental costs in the production process, for which it would be essential to calculate costs and benefits properly and to distinguish clearly between true income and the drawing down of assets by depletion or degradation. Accordingly, the workshops focused on the shortcomings of traditional economic accounting: GDP does not adequately represent true income because environmental protection costs are treated as generating income and because depletion and degradation of natural resources are not charged against current income. A number of remedies for these shortcomings were proposed, but workable methodologies and good data were lacking, and some of the proposals were conflicting.3 Although the empirical foundations for integrating environmental and economic accounting estimates were lacking in the mid-i98o's, a growing body of research and information was accumulating.4 France, Norway, and the Netherlands were working toward physical accounting matrices, which they have integrated into cost-benefit and cost-effectiveness work in the environmental policy field. Subsequently, Canada, the United Kingdom, Japan, and Australia all did preliminary work toward supplementing their traditional accounts. The United Nations and the World Bank jointly sponsored pilot studies with statisticians in Mexico and Papua New Guinea. In addition to these country efforts, researchers—such as Henry Peskin, working with the Environmental Protection Agency in a study of the Chesapeake Bay region, and Robert Repetto and his associates at the World Resources Institute, in their studies of China, Costa Rica, and the Philippines—have added significantly to the growing literature on environmental accounting. In the meantime, a revision of the System of National Accounts (SNA), the international guidelines followed by most countries in preparing their economic accounts, was undertaken. A ma3. See Salah El Serafy and Ernst Lutz [7]. 4. See, for example, Henry M. Peskin and Ernst Lutz [17]. jor issue was the extent to which the revised SNA would remedy the perceived shortcomings of traditional national accounts. The discussion stimulated by the 1987 report of the World Commission on Environment and Development, Our Common Future, gave added reason to explore statistical measures that would provide appropriate tools to guide policy and decisionmaking.[34] This report focused on sustainable development—that is, development that meets the needs of the present without compromising the ability to meet the needs of the future. According to the report, the Commission had been established by the United Nations General Assembly because of the growing realization that it is impossible to separate economic development issues from environmental issues—the realization, in other words, that many forms of development erode the environmental resources upon which they are based, and that such environmental degradation can undermine economic development. By 1989, it became clear that, given the divergent views on a number of conceptual and practical issues in natural resource and environmental accounting, international consensus in time for a fundamental change in the SNA as part of the ongoing revision was not possible. Therefore, it was agreed that the revised SNA would address links to environmental concerns, such as the definition and boundary for assets, and that a satellite account for integrated economic and environmental accounting would be pursued. The United Nations undertook the preparation of a handbook to provide guidance on the construction of the satellite account. Subsequently, this approach found support in several forums. In May 1991, a Special Conference of the International Association for Research in Income and Wealth brought together economic accountants and environmental specialists to discuss a preliminary version of the United Nations handbook. In June 1992, the United Nations Conference on Environment and Development (the "Earth Summit") in Rio de Janeiro included a program for establishing systems of integrated accounts as a complement to the existing system in its Agenda 21.[29] Agenda 21 urged national offices that prepare economic accounts to undertake the work and urged the United Nations to distribute widely, and then refine, its handbook. In October 1992, economic accountants, in a seminar held to review the revised SNA, generally welcomed the features that link to the environment and the section of the revised SNA'S chapter April 1994 • 37 3$ • April 1994 SURVEY OF CURRENT BUSINESS on satellite accounts that discusses integrated economic and environmental accounts based on the United Nations handbook. In February 1993, the Statistical Commission of the United Nations endorsed the revised SNA.5 The Commission, in highlighting the important features of the revised SNA, noted that it laid the groundwork for dealing with the interaction between the economy and the environment. The United Nations System of Environmental and Economic Accounting The United Nations System of Environmental and Economic Accounting (SEEA), as described in the handbook, is a flexible, expandable satellite system.[30] It draws on the materials balance approach to present the full range of interactions between the economy and the environment. The SEEA builds on, and is designed to be used with, the System of National Accounts 1993 (hereafter SNA 1993) [31]. Like the SNA, the SEEA is primarily concerned with the implications of the environment for production, income, consumption, and wealth. The SEEA has four stages, each successively providing a more comprehensive accounting for the interaction between the economy and the environment. The four-stage presentation recognizes the need to develop concepts, to inventory and augment source data, and to adapt the implementation to differing analytical needs. The starting point is the SNA 1993^ which incorporated several features that anticipated the needs of environmental accounting.6 Stage A disaggregates, or provides additional detail on, environmentally related economic activities and assets. This stage, for example, focuses on actual expenditures intended to prevent or repair the degradation of the environment. It includes a detailed breakdown of the stocks of natural resource assets and changes in these stocks. Finally, it includes sector links to show the supply and uses of natural re5. For a summary of the SNA, the revision process, and the new features, see [30]. 6. The two main features that anticipated the needs of environmental accounting dealt with the coverage of assets and the recording of changes in them. First, the SNA 1993 includes within the boundary of economic assets all assets over which ownership rights can be established and enforced and that provide economic benefits to their owners. This boundary explicitly includes natural assets, both those whose growth is the result of human cultivation (for example, vineyards and livestock) and those that, although not cultivated, are under control of an owner (for example, land, subsoil assets, and water resources). Second, it records all changes in the value of assets from one balance sheet to another. As part of doing this, there is an account to record certain changes in assets not recorded as production or as costs of production; this account records, for example, the additions to, and depletion of. subsoil assets and the natural growth of uncultivated forests. Another account records changes in the value of assets due to price change. Further, the SNA 1993 describes how to use these and other features as a point of departure for an environmental satellite account. sources. The use of natural resources—depletion and degradation—can be broken down into intermediate inputs by industry, investment, final consumption by households and government, and imports and exports. Stage B begins with the physical counterpart of stage A. It maps, in physical terms, the interaction between the environment and the economy. It provides the physical quantities to which prices are applied to derive the economic values included in the economic accounts. These physical accounts also provide a bridge to natural resource accounting and to materials and energy balances accounting. Stage B then links the physical quantities to monetary values. Stage C provides far more comprehensive and explicit measures of the interaction between the economy and the environment. It does so, first, by the use of alternative valuation techniques-— that is, alternatives to the use of values tied to the market, the valuation used in the SNA 1993 and in traditional accounting systems. The alternative valuation techniques include estimates based on maintenance costs, or the costs necessary to maintain at least the present level of environmental assets, and estimates based on contingent valuation, or the willingness to pay for reductions in depletion or degradation of natural assets. Second, it does so by the more explicit introduction of environmental effects on the measures of national production, investment, income, and wealth. Stages A and B of the SEEA (as well as the SNA 1993) record environmental effects either as changes in the value of assets or as changes in the distribution of income among the factors of production; these changes do not explicitly affect gross domestic product, final demand, or net domestic product. Stage D consists of further extensions of the SEEA. These extensions are provided for the purpose of "opening a window on further analytical applications," and they will require further research. They include household production and the use of recreational and other unpriced environmental services in household production. Framework for the IEESA'S BEA'S IEESA'S build on the accumulating experience represented in the SEEA. This experience is consistent with two lessons from social accounting in the 1970*8. First, such accounts should be focused on a specific set of issues. Second, given the kind of uses to which the estimates would be put, the early stage of conceptual develop- April 1994 • 39 SURVEY OF CURRENT BUSINESS ment, and the statistical uncertainties (even if the estimates are limited to the effect on market activities), such estimates should be developed in a supplemental, or satellite, framework. Structural features The IEESA'S are structured to focus on the interaction of the economy and the environment. The interactions covered are those that can be tied to market activities and thus valued in market prices or proxies thereof. They are shown as effects on production^ income, consumption and wealth. The accounts have two main structural features. First, natural resources and environmental resources are treated like productive assets. These resources, along with structures and equipment, are treated as part of the Nation's wrealth, and the flow of goods and services from them are identified and their contribution to production measured. Second, the accounts provide substantial detail on expenditures and assets that are relevant to understanding and analyzing the interaction. Fully implemented XEESA'S would permit identification of the economic contribution of natural and environmental resources by industry, by type of income, and by product. Ultimately, accounts by region would add an important analytical dimension. Natural and environmental resources as productive assets.—An example helps to explain the reasoning behind treating natural and environmental resources like productive assets in the economic accounts. This example is much simplified, notably in that it shows only one side of an account, focuses on aggregates, and uses descriptive rather than technically precise terminology. In this example, all income from production goes to either "wages" or "profits." Wages are recorded as earned; however, profits—that is, total revenues less labor and other operating expenditures—are reduced by an entry for "depreciation," where depreciation is the amount that must be set aside to cover the using up of capital in production. Thus, for an industry and for all industries combined, wages plus profits and depreciation equals gross domestic product (GDP). In the traditional accounts, the economy would be pictured as follows: Wages Plus: Profits Depreciation Gross domestic product 6,000 3,000 1,000 10,000 Because depreciation is included in GDP, GDP is not a measure of sustainable income; that is, if a nation consumed all of its GDP, it would reduce the productive capacity available to future generations because it had consumed the amount it should have set aside to cover the using up of capital In fact, the "gross" in the name, gross domestic product, refers to that feature. As a better measure of sustainable income, the traditional accounts provide net domestic product (NDP), which is calculated as GDP less depreciation. Gross domestic product Less: Depreciation Net domestic product,. 10,000 1,000 9,000 Capital in the traditional accounts is limited to structures and equipment. In the IEESA'S, natural and environmental resources are viewed as having characteristics similar to structures and equipment: Labor and materials are devoted to producing them, and they then yield a flow of services over time. For that reason, the IEESA'S include these resources, along with structures and equipment, as part of the Nation's wealth and give them the same treatment as structures and equipment in the traditional accounts. The IEESA'S deal with three points of asymmetry between the treatment of natural resources—for example, mineral reserves—-and of structures and equipment encountered in traditional accounts. In traditional accounts: (i) depreciation is subtracted from profits to determine true, or sustainable, profits, but depletion is not; (2) depreciation is subtracted from GDP to estimate NDP, but depletion is not; and (3) additions to the stock of plant and equipment are added to GDP as capital formation, but additions to mineral reserves are not. The depletion of mineral reserves is like the depreciation of plant and equipment: It is the amount that must be set aside to cover the cost of using up mineral resources in production. If an oil company earns $3,000 in profits but depletes its mineral reserves by $100, then its true economic profits are only $2,900, the amount over and above its depletion of assets. In the IEESA'S, therefore, an estimate is made of the amount of profits that should be recognized as depletion This amount is subtracted from profits and entered, like depreciation, as a separate component, thereby dealing with the first point of asymmetry. Further, depletion, like depreciation, must 40 • April 1994 SURVEY OF CURRENT BUSINESS be subtracted from GDP to arrive at NDP. Doing so deals with the second point of asymmetry. Wages Plus: Profits (IEESA) Depreciation Depletion Gross domestic product (IEESA) Less: Depreciation Depletion Net domestic product (IEESA) .. 6,000 2,900 1,000 100 10,000 1,000 100 8,900 Note that recognizing depletion lowers profits and changes the composition of GDP, but the level of GDP itself is not reduced; recognizing depletion reduces NDP in comparison with the traditional accounts' NDP. In the IEESA'S, additions to mineral reserves (for example, extensions as a result of investments in improved technology or additions as a result of exploration) are treated like additions to the stock of structures and equipment—that is, as capital formation. Additions to reserves do not appear in the traditional accounts; therefore, to treat them as capital formation, they are added to GDP. In the IEESA'S, additions to reserves raise capital formation, profits, GDP, and NDP. Recognizing the additions to reserves thus deals with the third point of asymmetry. If the additions amounted to 150, the economy would be pictured as follows: Wages Plus: Profits (IEESA) Of which: Capital formation in mineral reserves Depreciation Depletion Gross domestic product (IEESA) , Less: Depreciation Depletion Net domestic product (IEESA) 6,000 3)050 150 1,000 100 10,150 1,000 100 9,050 Compared with the traditional accounts, both the composition and level of GDP differ. Thus, the IEESA'S give a view of an industry's production that reflects changes in its resource base. The IEESA'S measure of NDP, therefore, is a better measure of sustainable income than the traditional accounts' measure because it incorporates changes in mineral wealth as well as structures and equipment. Whether the IEESA'S measure of NDP is higher or lower than in the traditional accounts depends on whether depletion or additions is larger, and this will vary from resource to resource and from period to period. Estimates of this kind for all natural and environmental resources would help gauge whether the current level of GDP can be maintained by the Nation's natural resource base. Detail that highlights the interaction.—In the IEESA^, the standard economic accounting categories are disaggregated to show detail that highlights the interaction of the economy and the environment. For example, the expenditures detail shows spending by households, government, and business to maintain or restore the environment. The asset detail shows environmental management (conservation and development, and water supply) and waste-management projects (sanitary services, air and water pollution abatement and control) within the standard category of nonresidential fixed capital. The estimating requirements underlying these two main structural features of the IEESA'S are apparent in the IEESA tables, even when, as shown in this article, they are in skeleton form. Table 1, an asset account, and table 2, a production account, use modified forms of tables presented in the SEEA. Asset accounts Integrated economic and environmental accounting requires the measurement of stocks and flows related to assets, which are presented in an asset account. An asset account is like a balance sheet in that it presents stocks, or holdings, at a point in time. (Because an asset account is limited to nonfinancial assets, it does not include liabilities and net worth, as would a balance sheet.) However, an asset account also presents flows related to the assets during a period of time. The IEESA'S provide a complete accounting for the relevant assets—that is, they show both stocks and flows associated with changes in those stocks. Column 1 in table 1 provides for estimates of opening stocks. Columns 2-5 provide for estimates of the flows that represent different kinds of changes in the stock: First, a net total and then three flows: The decrease in stocks due to depreciation (or more formally, in economic accounting terms, consumption of fixed capital), depletion, or degradation; the increase in stocks due to capital formation in the form of new structures and equipment, additions to inventories, additions to the stock of natural and environmental assets; and changes in value due to price changes and to changes in the volume of assets other than those due to economic activity (for example, natural disasters). Column 6 provides for estimates of closing stocks. Table 1 presents the nonfinancial assets that BEA would try to include in IEESA asset accounts. The table's rows generally follow the subcategories of the SNA 1993 and the SEEA, but some of April 1994 • 41 SURVEY OF CURRENT BUSINESS the subcategories are regrouped to broaden both the production boundary and the definition of assets. Nonfinancial assets are divided into made assets, developed natural assets, and environmen- tal assets. Made assets, which largely replicate the scope of nonfinancial assets in traditional income and wealth accounts, are subdivided into fixed assets and inventories. Developed natural assets are Table i-IEESA Asset Account, 1987 [Billions of dollars] This table can serve as an inventory of the estimates currently available for the lEESA's. In decreasing order of quality, the estimates that have been filled in are as follows: For made assets, estimates of fixed reproducible tangible stock and inventories, from BEA's national income and product accounts or based on them, and pollution abatement stock, from BE A estimates (rows 1-21); for subsoil assets, the highs and lows of the range based on alternative valuation methods, from the companion article (rows 36-41); and best-available, or rough-order-of-magnitude, estimates for some other developed natural assets (selected rows 23-35 and 4247) and some environmental assets (selected rows 48-55) prepared by BEA based on a wide range of source data described in this article. The "n.a."—not availableentries represent a research agenda. Change Row (D Total, net (3+4+5) Depreciation, depletion, degradation Capita! formation Revaluation and other changes (2) Opening stocks (3) (4) (5) Closing stocks (1+2) (6) PRODUCED ASSETS 11,565.9 Made assets . Fixed assets Residential structures and equipment, private and government Fixed nonresidential structures and equipment, private and government Natural resource related Environmental management Conservation and development Water supply facilities Pollution abatement and control Sanitary services Air pollution abatement and control Water pollution abatement and control Other Inventories1 Government Nonfarm , Farm (harvested crops, and livestock other than cattle and calves) . Corn Soybeans All wheat Other Developed natural assets Cultivated biological resources Cultivated fixed natural growth assets Livestock for breeding, dairy, draught, etc Cattle Fish stock Vineyards, orchards Trees on timberland Work-in-progress on natural growth products Livestock raised for slaughter Cattle Fish stock Calves Crops and other produced plants, not yet harvested Proved subsoil assets2 Oil (including natural gas liquids) Gas (including natural gas liquids) Coal Metals Other minerals Developed land Land underlying structures (private) Agricultural land (excluding vineyards, orchards) Soil Recreational land and water (public) Forests and other wooded land 667.4 -607.9 905.8 369.4 12,233.3 10,535.2 4,001.6 6,533.6 503.7 241.3 152.7 88.5 262.4 608.2 318.1 290.1 -607.9 -109.8 -498.1 -19.2 -7.0 -4.4 -2.5 875.8 230.5 645.3 30.3 10.6 5.3 5.3 19.7 13.7 3.5 2.6 615.0 340.2 197.4 142.9 12.0 4.7 2.7 2.0 7.3 4.8 1.3 1.2 130.9 11,143.4 4,319.7 6,823.7 526.8 249.6 156.4 93.3 277.1 185.8 45.9 45.5 6,296.9 30.1 29.2 3.8 1,090.0 191.7 859.7 38.6 10.5 172.9 45.3 44.2 6,029.9 23.1 8.4 3.6 4.8 14.7 12.8 .6 1.3 267.0 -12.2 -5.6 -4.1 -2.5 -478.9 59.3 6.8 62.4 1,030.7 184.9 797.3 48.5 10.2 5.0 2.6 30.7 -10.1 -6.9 4.9 2.6 20.6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 12.9 n.a. 2.0 288.8 n.a. n.a. 24.1 n.a. 5.0 1.8 n.a. n.a. n.a. 2.0 n.a. .2 47.0 n.a. n.a. 7.5 n.a. .9 .3 n.a. n.a. n.a. n.a. n.a. n.a. -6.9 n.a. n.a. n.a. -.3 n.a. 0 9.0 n.a. n.a. 0 n.a. -.5 .1 n.a. n.a. n.a. 2.3 n.a. .2 44.9 n.a. n.a. 7.5 n.a. 1.4 .2 n.a. n.a. n.a. 14.9 n.a. 2.2 335.7 n.a. n.a. 31.6 n.a. 5.9 2.1 -16.7 <-> -61.6 -5.1 <->-30.6 -5.6 <->-20.3 -5.4 ^ -7.6 16.6 <-> 64.6 5.8 *-> 34.2 58 <->-119.6 -23.1 <-»-88.3 8.1 <->-51.8 3.2 <-> -2.1 65.2 <-» 22.5 299.4 <-> 950.3 35.7 <-> 241.2 49.4 <-> 202.2 143.0 <-> 204.2 38.5 *-> 244.8 32.8^57.9 n.a. 4,306.3 483.7 n.a. n.a. 314.6 n.a. n.a. n.a. n.a. n.a. n.a. 270.0 <-• 1066.9 58.2 <H> 325.9 42.7 <-» 259.3 140.7 <-> 207.7 H<-> 215.3 28.4 <H> 58.7 2.9 32.7 -5.5 -9.9 .3 -1.1 -.1 0 57.8 <->-116.6 -22.5 <->-84.7 6.6 ^ -57.2 2.2 e> -3.4 67.2^29.5 4.3 <-> -.8 n.a. 4,053.3 441.3 n.a. n.a. 285.8 n.a. 253.0 42.4 n.a. n.a. 28.8 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. -1.0 -.2 -3.2 4.1 <-> 14.9 4.4 <-> 6.3 2.2 <^ 9.2 29.7 -4.4 1.4 .9 .2 n.a. n.a. n.a. —5 -9 n.a. n.a. n.a. -2.8 n.a. .9 -.6 n.a. n.a. 45.2 n.a. n.a. 29.4 n.a. n.a. n.a. n.a. n.a. n.a. 19.9 38.7 27.1 n.a. n.a, n.a. n.a. n.a. n.a. n.a. n.a. NONPRODUCED/ENVIRONMENTAL ASSETS Uncultivated biological resources Wild fish Timber and other plants of uncultivated forests Other uncultivated biological resources Unproved subsoil assets Undeveloped land Water (economic effects of changes in the stock) . Air (economic effects of changes in the stock) n.a. Not available. * The calculated value of the entry was negative. 1. The estimate for inventories differs from the NIPA estimate by the amount of government inventories added and cattle and calves shown separately. In full implementation of the IEESA account, farm inventories would include n.a. n.a. n.a. n.a. -19.9 -38.7 -27.1 only harvested crops. 2. The estimates in all columns result from tne valuation method (see text for further discussion of the alternative methods) that produces the low and high estimates of opening stocks. NOTE.—-Leaders indicate an entry is not applicable. 42 • April SURVEY OF CURRENT BUSINESS subdivided into cultivated biological resources, proved subsoil assets, and developed land. Environmental assets are subdivided into uncultivated biological resources, unproved subsoil assets, undeveloped land, water, and air (the last two in terms of the economic effects of changes in the stock). Made and developed natural assets.—To better highlight the interaction of the economy and the environment, table 1 provides more detail on natural resource and environmentally related produced assets than the traditional income and wealth accounts. Within made assets, nonresidential fixed capital is disaggregated into environmental management (conservation and development, and water supply) and waste-management projects (sanitary services, air and water pollution abatement and control). Detail is also provided on farm inventories of finished goods. Within cultivated biological resources, table 1 provides detail beyond that contained in the traditional accounts, such as cultivated fixed natural growth assets (for example, livestock), and categories not included in the traditional accounts (for example, trees on timberland). The treatment of proved subsoil assets and cultivated land in table 1 differs from the SEEA treatment. Proved reserves are generally defined as those reserves that are proved to a high degree of certainty—by test wells or other test data—and are recoverable under current economic conditions and with current technology. In the SEEA, they are classified as nonproduced assets. In table 1, these assets, along with cultivated natural growth assets, are included in the category "developed natural assets." As will be illustrated in the production accounts, capital formation that adds to the stock of these assets—both by bringing undeveloped or uncultivated assets into the category of developed natural assets and by adding to their value within that category—is treated in a manner similar to capital formation that adds to the stock of structures and equipment. This treatment was adopted because it is difficult to rationalize describing proved reserves and cultivated land as "nonproduced" natural assets when expenditures are required to prove or develop them. Agricultural land, for example, must be "produced" in that expenditures must be undertaken to convert uncultivated land areas into commercially valuable farmland, which yields a return over a number of years. Wetland areas, if they are to become farmland, must be drained and graded and vegetation cleared. Unproved mineral reserves also require expenditures for test wells, engineering studies, and other exploration and development investments before they are recorded as proved reserves. Similar treatments of these developed natural assets and made assets facilitate consistent treatment of capital formation of natural assets and more conventional capital formation, such as investment in structures and equipment. Under this treatment, as mineral reserves, for example, are proved, the total value of the produced assets—structures and equipment as well as the proved reserve's value—is included as capital formation. Similarly, as oilfield machinery is depreciated, proved reserves associated with the machinery are depleted. The other major difference between developed assets in table 1 and in the comparable SEEA presentation is in the treatment of soil. In the SEEA, soil—that is, productive soil on agricultural land—is treated as separate from agricultural land. In table 1, soil is a subcategory of agricultural land because the value of agricultural land is inseparable from the value of the soil. Available estimates suggest that the effect of soil erosion, or depletion, on agricultural productivity and land values in the United States is quite small. Nevertheless, though soil is not treated separately, it is shown separately because its erosion has a significant effect on environmental quality through its effect on water quality. Environmental assets.—This grouping includes natural assets with significant economic value that differ from developed natural assets in that they are generally used as raw inputs into production in their natural state, either as intermediate products or as investments. For example, uncultivated biological resources, such as tuna harvested from the ocean, are included as environmental assets, whereas cultivated biological resources, such as rockfish raised on a fish farm, are included in developed assets. Other categories in environmental assets are uncultivated land, unproved subsoil assets, water, and air. The inclusion of unproved subsoil assets broadens the definition of subsoil assets to include reserves that, though unproved, have an economic value over and above that of other undeveloped land because of their location or geologic characteristics. As capital expenditures are made to "prove" these properties, they move from nonproduced to produced assets. This broader definition of subsoil resources will facilitate longer term planning and analysis of the use of mineral resources. The stock of proved reserves—like the SURVEY OF CURRENT BUSINESS stock of drill presses—can be expanded by additional investment; hence, firms will keep on hand the stock of reserves dictated by current market prices, finding costs, and interest rates. Thus, complete analysis of mineral resources requires consideration of unproved, as well as of proved, reserves. In a distinction similar to that between proved and unproved subsoil assets, cultivated land— such as agricultural land, parkland, and land underlying buildings—is included in developed natural assets, whereas uncultivated land—such as wetlands and forestland (not included as timberland)—is included in environmental assets. The agricultural land must be developed before it can be used as farmland, whereas wetlands are used—for example, for their disposal services—in their natural state by the economy. Water, which is subdivided by type, and air also provide services to the economy in the form of recreational and waste disposal services. Although these environmental assets differ from made and developed natural assets, investments that add to the stock of these assets, as noted below in the production accounts, are treated symmetrically with investments that add to the stock of structures and equipment and of developed assets. These investments, for example, include pollution abatement and control to improve the quality and waste disposal capacity of the air and water, or at least to offset the degradation/depletion (which is also recorded in the production account) occurring in the current period. These investments represent a decision by the economy to devote its resources to investments that improve air and water quality, rather than investments in structures and equipment, and investments that add to the stock of clean air and water should be counted just as investments that add to the stock of made and developed assets are counted. duced assets, reflecting the increasing conceptual and empirical difficulties in producing such estimates. The estimates may be best regarded as a measure of the work to be undertaken; they are presented here to serve as a road map for areas in which source data and estimating methods must be developed or improved,, Within made assets, the estimates of nonresidential stocks of pollution abatement (PA) structures and equipment are constructed using the same perpetual inventory techniques used to produce BEA'S exiting capital stock estimates (see the box on page 44). These stock estimates capture nonresidential investments for PA that are readily identifiable. When companies and plants change their production processes (or equipment) to embody PA features, the PA portions of these investments are included to the extent they can be identified; however, identification is difficult, and understatement of PA stocks can occur. Estimates of government inventories are from unpublished NIPA data. For inventories owned by the Federal Government, the estimates are based on information on inventories from Federal agencies. For State and local governments, the estimates are based on the level of their purchases of nondurable goods; it is assumed that they hold 1 month of these purchases in inventories. The farm inventories of finished goods for agriculture are extensions of the existing inventory data in the NIPA'S (following the IEESA, crops not yet harvested are shown as work-in-progress). Stock estimates for several components that would be of interest in the household sector, such as PA equipment in consumer durables and residential capital (for example, PA equipment installed in cars and septic systems in homes), are not available. Within developed natural assets, most of the estimates are an extension of the existing national accounts data. The existing accounts include esEstimates: Coverage, sources, and methods.—-The timates for livestock only, with no split between estimates recorded for 1987 in table 1 should be those raised for breeding, dairy, or draft (culregarded as rough-order-of-magnitude, or besttivated fixed natural growth assets) and those available, estimates. (The estimates are for 1987 raised for slaughter (work in progress on natural because that is the last year for which data from growth products). In table 1, these splits were the quinquennial economic census—-used in a made using assumptions based on data from the number of cases as a benchmark from which to U.S. Department of Agriculture (USDA). The esestimate forward and backward-—are available.) timates of the value of vineyards and orchards In most cases, only one estimate, rather than are based on Federal Reserve Board estimates of a range, is available. Many of the table's cells the value of agricultural land and estimates of the do not contain estimates, and the quality of the acres of land in vineyards and orchards from the estimates varies greatly. In general, the quality Bureau of the Census. Estimates of the value of and availability of the estimates declines as one fish stocks or of changes in these stocks are not moves down the rows from produced to nonproyet available (and are in phase 11 of BEA'S plan). April 1994 • 43 44 • April 1994 SURVEY OF CURRENT BUSINESS The values of trees on timberland were estimated based on stumpage value estimates provided by the U.S. Forest Service's Pacific Northwest Research Station. The stumpage value estimates are based on the concept of net rent to the timber stand—as distinct from the land the forest sits upon—and are derived mainly from private market data on payments for logging rights. As such, they should correspond to the present discounted value of the timber sales from the tract less the costs of logging, access, transportation, and processing. All timber on timberland in the United States—public and private—is included in this category. Timber on other forestland is included in nonproduced/environmental assets. This somewhat arbitrary distinction is made partly on conceptual grounds and partly on the availability of source data. All timber in the national forests is in a sense managed, although depending on the forest, management ranges from active, such as planting, to relatively passive, such as self-seeding, fire control, and rotational harvests. Practically, no data are available for the exact definition of "cultivated timber tracts." Stock of Plant and Equipment for Air and Water Pollution Abatement in the United States, 1980-91 This box presents estimates of the gross and net stocks of plant and equipment (P&E) for air and water pollution abatement (PA) in the United States during 1980-91. Gross and net stocks of PA P&E help to protect air and water from degradation by stationary and point industrial sources of pollutant emissions. In 1991, the gross stock of air and water PA P&E was about $183.5 billion (table A).2 In constant (1987) dollars, the gross stock was $165.0 billion in 1991, about 2.0 percent of the real gross stock of all fixed nonresidential nonfarm business capital. Between 1980 and 1991, the real gross stock of air and water PA P&E grew at an annual rate of 2.6 percent. Growth in nonmanufacturing stocks outpaced that in manufacturing stocks, mainly reflecting PA P&E spending by electric utilities. The real net stock of air and water PA P&E—that is, after subtracting depreciation—was $91.3 billion in 1991, up from $85.8 billion in 1980. The PA P&E stock estimates are useful when studying market production and economic well-being. They are helpful in determining how pollution abatement spending affects prices, total capital costs, and the profitability of capital. They are also helpful in constructing rough measures of the value of the degradation in air and water quality that has been avoided through pollution abatement. The 1980-91 PA P&E estimates were prepared by the perpetual inventory method: Past PA P&E flows (capital spending) were cumulated and discards deducted, in accordance with lifespans of capital goods, to arrive at gross stocks of PA P&E. Net stocks were calculated by subtracting accumulated depreciation from gross stocks. Gross and net stock estimates for 1980-91 are valued at constant and at current cost—that is, using 1987 prices (for constant cost) and replacement or current-year prices (for current cost). Data on an establishment basis for manufacturing PA P&E spending are mainly from the Pollution Abatement Costs and Expenditures (PACE) Survey by the Bureau of the Census. Data for electric util- ities are mainly from the Pollution Abatement (PA) Supplement to the Census Bureau's P&E survey; the PA Supplement reports PA P&E spending for three industries—electric utilities, petroleum, and mining. The PA Supplement reports PA P&E on a company basis, but for electric utilities (unlike for petroleum and mining), such data approximate an establishment basis. The PA P&E spending estimates for mining and for nonmanufacturing except mining and electric utilities are prepared by indirect methods; a variety of data sources are used, including the PA Supplement, an environmental protection expenditures survey by the American Petroleum Institute, and the Census of Mineral Industries. Table A.—Gross and Net Stocks of Air and Water Pollution Abatement Plant and Equipment in Nonfarm Business, by Major Industry Group, Current-Cost and Constant-Cost Valuations, 1980-91 Gross stocks All nonfarm industries 3. Stocks other than for PA P&E also protect air and water. Examples include stocks of PA devices and systems on mobile (for example, motor vehicles) and nonindustrial pollutant sources (for example, public sewer systems and septic systems), as well as PA features of solid waste management systems. Estimates for these kinds of stocks are not available. Manufacturing Total Durables Nondurables All nonNonfarm manufactur- industries ing Total Nonmanufacturing Durables Nondurables 15.94 17.56 17.80 17.20 16.86 16.60 16.26 16.07 15.97 16.07 16.25 16.71 21.71 23.39 23.95 23.48 22.95 22.47 21.99 22.08 22.68 23.47 25.49 28.46 33.49 38.60 42.70 45.75 48.66 49.97 51.24 53.23 55.21 56.13 56.44 56.40 19.22 19.38 18.95 18.03 17.32 16.81 16.36 15.81 15.19 14.93 14.86 15.05 26.42 26.15 25.76 24.76 23.68 22.81 22.14 21.71 21.57 21.82 23.35 25.64 40.16 43.31 46.22 48.06 49.98 50.91 51.61 52.00 51.80 51.40 51.15 50.63 Biliions of current dollars 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 . . . . . . . . . . . 1. For air PA, the Clean Air Act classifies the sources of pollutants as mobile (for example, automobiles) or stationary (for example, factories). For water PA, the Federal Water Pollution Control Act classifies sources of pollutants as point (for example, factories) or nonpoint (for example, highway construction projects). 2. The stock estimates in table A are part of a new establishment-based series for i960 forward, BEA is planning a SURVEY OF CURRENT BUSINESS article for later this year to present such PA P&E stock estimates for selected industries and to present their related capital flows through 1992, The new stock series replaces a series prepared on a company (or enterprise) basis. Net stocks Manufacturing 103.43 118.66 129.00 135.72 142.68 147.25 151.04 157.59 165.04 170.82 176.91 183.50 58.78 66.31 70.16 71.37 72.85 73.83 74.05 75.59 77.73 79.69 82.83 87.02 24.55 28.04 29.72 30.25 31.05 31.70 31.96 32.56 33.26 33.83 34.28 34.84 34.24 38.27 40.43 41.12 41.80 42.14 42.08 43.03 44.48 45.86 48.55 52.18 44.65 52.35 58.84 64.35 69.83 73.41 77.00 82.00 87.30 91.13 94.07 96.48 71.14 79.54 84.46 86.43 88.47 89.05 89.49 91.38 93.86 95.67 98.19 101.58 37.65 40.94 41.76 40.67 39.81 39.07 38.24 38.15 38.65 39.54 41.75 45.17 Billions of constant (1987) dollars E 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 . . . . . . , . . . 124.67 132.26 138.61 142.56 146.66 149.58 152.08 154.47 155.86 157.52 161.03 164.97 71.13 73.56 74.96 74.97 74.94 74.81 74.53 74.36 73.93 74.05 75.76 78.36 29.55 30.91 31.59 31.67 31.86 32.07 32.16 32.04 31.62 31.42 31.31 31.37 41.57 42.66 43.36 43.30 43.08 42.74 42.37 42.32 42.31 42.63 44.45 47.00 53.54 58.70 63.66 67.58 71.72 74.77 77.55 80.11 81.93 83.48 85.27 86.60 85.79 88.84 90.92 90.85 90.98 90.52 90.12 89.52 88.55 88.16 89.36 91.31 45.64 45.54 44.71 42.79 41.00 39.62 38.50 37.53 36.76 36.75 38.20 40.69 SURVEY OF CURRENT BUSINESS For proved subsoil assets5 the estimates shown are the highs and lows of ranges presented, along with a description of the sources and methods used to prepare them, in the companion article beginning on page 50. The estimates represent the range of differences associated with common methods for valuing nonrenewable natural resources. The estimates within the category "developed land" are of uneven quality. The estimates of the value of agricultural land are relatively good and are based on USDA estimates of farm real estate values less BEA estimates of the value of farm structures. Soil estimates, from the USDA, reflect the annual effect of soil depletion in terms of extra fertilizer costs and reduced productivity. The estimates of residential land, included in table 1 as part of land underlying structures, also are of reasonable quality. The estimates of the other private land underlying structures are of more uncertain quality. The Federal Reserve Board produces these estimates of land values by taking estimates of real estate values from a variety of sources and subtracting BEA'S estimates of the value of nonresidential structures. The Federal Reserve's estimates of real estate values are based, in part, on less than comprehensive price indexes; they do not, for example, appear to cover adequately the value of mineral tracts, timberland, or industrial buildings and land. BEA'S estimates of nonresidential structures are based on perpetual inventory methods—with assumed depreciation schedules and replacementcost indexes—and may therefore differ from the current market value of the structures included in the real estate estimates. Although over longer periods of time the perpetual inventory estimates are of good quality, during periods of declining or rapidly increasing real estate values, they may produce unreasonable results. Also, to the extent that the value of natural resource assets are not included in the real estate price indexes, the overall value of developed land will be over- or under-stated according to the path of natural resource prices relative to commercial and other land values. The SEEA recommends that national parks be classified as uncultivated land because their protection, and not their use, is the main function of governmental regulation. However, because these parks are extensively maintained, improved upon, and used by consumers for recreation, they are included in recreational land in table 1. The estimate of capital formation in recreational land is based on Federal Government mainte- nance and repair expenditures for parks; State and local expenditures are not available. It is assumed that these expenditures exactly offset the degradation/depletion of recreational land; in the case of recreational land, the only estimates available were of maintenance and repair expenditures. This assumption is made only so that both investment and degradation/depletion estimates are illustrated by the table and not to imply any judgment about the true value of degradation/depletion. (Phase 11 and 111 of BEA'S work plan, described in the next section, includes work to build on the damage assessment and recreational valuation literature to construct estimates of the market value of recreational and environmental amenities.) For environmental assets, the estimates are more uncertain than even the most uncertain estimates for developed land and proved reserves of subsoil assets. Indeed, most of this section of the table, especially that for renewable natural resources, is shown with "n.a." for "not available." No value is available for the stock of undeveloped land and its associated ecosystems, for unproved subsoil assets, and for uncultivated biological resources (wild animals and fish, plants, and forests). Compared with the accounting for proved reserves of nonrenewable resources, where the economic literature extends back over 50 years, valuation methods and concepts for many of the renewable resources are less well developed. Renewable natural resources are inherently more difficult to value than nonrenewable natural resources for several reasons: Renewable resources, such as stocks or schools of wild fish, often have a commercial or production value as well as an amenity or a recreational value; often, ownership rights cannot be established, and they cannot be sold; and they are able to regenerate, so their use does not necessarily result in a net reduction in either their yield or the value of their stock. These difficulties notwithstanding, there has been rapid progress in environmental-benefit valuation for renewable natural resources in recent years as economists have tried to keep pace with regulatory, legal, and policy needs for environmental damage and impact measures. Further work by BEA to translate these new concepts and measures into a consistent national framework would need to rely heavily on the expertise of other units within the U.S. Government—for example, the National Oceanic and Atmospheric Administration, the Environmental Protection Agency, USDA, and the Department of Interior. April 1994 • 45 46 • April 1994 SURVEY OF CURRENT BUSINESS The SEEA does not recommend that the stock of air—which is truly a global common—or water be valued; instead, it recommends that valuation be limited to changes in these assets—their degradation and investments in their restoration. For these assets, table 1 includes only aggregate values for the degradation of air and water and for expenditures to restore them or to prevent their degradation. The estimates in table 1 for degradation of air and water quality—as well as for undeveloped land—are simply place markers that assume that maintenance exactly offsets degradation: They are aggregate estimates of the total costs of pollution of these media. The estimates for air, water, and undeveloped land pollution are estimates, from the Environmental Protection Agency, of the direct costs of public and private pollution control activities in the United States. Estimates of air pollution include the annualized costs of air pollution and radiation. Water pollution estimates are the annualized costs of maintaining water quality, including drinking water. Estimates of undeveloped land pollution are the annualized costs associated with Superfund, toxic chemicals, and pesticides. The estimates of costs to restore or prevent the degradation of the environment (which, as noted earlier, are treated as capital formation in that they offset degradation and depletion of air, water, and undeveloped land) are based on current PAC expenditures and the flow of services from the stock of PA equipment and structures (the estimated return on the net stock plus depreciation). (Note that these direct PAC costs differ from the environment cleanup and waste disposal service costs discussed later in the article. These costs are indirect costs imposed by pollution in the form of health costs, higher maintenance and repair expenditures, or longer trips to reach clean recreational sites.) Production accounts The next step in integrating economic and environmental accounting is to combine the appropriate flows from the asset account with the flows in a production account. With this integration, the production account explicitly includes the use of natural resources and environmental services in production through entries for depletion and degradation, and it explicitly includes the additions to the stock of natural and environmental assets through entries for investments that add to stocks of developed natural resources or that restore stocks of environmental assets. Table 2 combines features of the supply and use tables in the SNA 1993. The table has four quadrants (one empty, except for a total), which are separated by double lines; a total column at the far right; and a total row at the bottom. The left and right upper quadrants show the use of goods and services (commodities) named at the beginning of the rows, summing to total uses as measured by total commodity output. The lefthand upper and lower quadrants show the use of intermediate inputs and factors of production by the industries named at the top of each column, summing to total supply as measured by total output. A more typical supply and use table would show substantial industry and commodity detail—often a hundred of more industries and commodities. For the purposes at hand, this detail has been collapsed into an "other industries" column (column 3) and "Other" rows (rows 6 and 13). Detail is provided where it is especially relevant to the analysis of the environment. Such a table provides a bird's-eye view of production, income, and consumption, as highlighted in the paragraphs that follow. Columns 1-4 in the upper left quadrant record the use of commodities by domestic industries in the production of other commodities—that is, intermediate use. Columns 5-9 record the use of commodities across the final demand categories that make up gross domestic product, including final consumption by households and government. Column 7 records the estimates in the "capital formation" column from table 1. (The made assets are recorded in rows 1-13, the developed natural and environmental assets in rows 14-24.) In the left quadrants, rows 11-13 show the use of other commodities (that is, other than assets) as intermediate inputs. These commodities consist of expenditures for environmental cleanup and waste disposal services (row 12) and "other" (row 13). Total intermediate inputs used by industries are in row 25. Rows 26-41 record value added, or income. Rows 26-28 record the value added in the form of compensation of employees, indirect business taxes, and corporate profits and other property income. Rows 29-32 record, from table 1, the use of made fixed assets, including the depreciation of structures and equipment used in environmental management (row 30) and in PAC (row 31). Rows 33-41 record the use of fixed natural and environmental assets, with depletion and degradation of each of the eight categories of assets shown separately. SURVEY OF CURRENT BUSINESS The estimates presented in table 2 are taken from table 1. As is indicated by the "n.a."— not available—in the table, many valuation and measurement issues remain before an IEESA production account can be completed. Further, work toward filling in the estimates would proceed in tandem with work on modernizing BEA'S national accounts in line with the SNA (see the next section). For example, treating expenditures on government structures, equipment, and April 1994 • 47 inventories as capital formation implements a feature of the SNA. In the table, a "Z" indicates the estimates that would reflect both work toward the IEESA'S and SNA-related changes. In addition to a production account such as table 2, the SEEA calls for parallel quantity tables. Further, because many environmental issues have their primary impact on specific regions or industries, the extension of the integrated national accounts aggregates within BEA'S regional Table 2.-IEESA Production Account, 1987 [Billions of dollars] Final uses (GDP) Industries Row Total (2) (4) (1) (3) Government (5) (6) Gross domestic capital formation Exports Imports (7) Household GDP (5+6+7+ 8-9) (8) (9) (10) Total commodity output (4+10) (11) Final consumption Mining, Agriculutilities, ture, forwater, Other estry, and san- industries and fishitary eries services COMMODITIES Made Assets Fixed assets Environmental manaaement Pollution abatement and control Other Inventories Government Nonfarm Farm Other Environmental cleanup and waste disposal services Other 1 2 3 4 5 6 7 8 9 10 11 12 13 Natural and environmental assets Fixed Cultivated biological resources: Natural growth Proved subsoil assets Developed land Uncultivated biological resources: Natural growth Unproved subsoil assets Undeveloped land Water Air Work-in-progress inventories (natural growth products) 14 15 16 17 18 19 20 21 22 23 24 Total intermediate inputs 25 (#) (#) (#) (#) Compensation of employees Indirect business taxes etc Corporate profits and other property income 26 27 28 (#) (#) (#) (#) (#) (#) (#) Depreciation of fixed made assets: Structures and equipment Environmental management Pollution abatement and control ... Other 29 30 31 32 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. -607.9 -7.0 -12.2 -588.7 Depletion and degradation of fixed natural and environmental assets Growth products' Fixed Proved subsoil assets Developed land Uncultivated biological resources Unoroved subsoil assets Undevelooed land Water Air 33 34 35 36 37 38 39 40 41 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. -16.7 <->-61.6 n.a. n.a. n.a. -19.9 -38.7 -27.1 Gross value added (GDP) (rows 26+27+28+29+33) Depreciation, depletion, and degradation (rows 29+33) Net value addea(NDP) (rows 42-43) 42 43 44 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 45 (#) (#) (#) (#) 8 8 (((###))) ((##)) ((##)) ((##)) 8 8 ((##)) ((##)) ((##)) (#) (#) (#) (#) 905.8 905.8 875.8 10.6 19.7 845.5 30.1 2.9 32.7 -5.5 (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. (#) n.a. n.a. n.a. n.a. n.a. 166<->646 n.a. n.a. n.a. 19.9 38.7 27.1 n.a. VALUE ADDED TOTAL INDUSTRY OUTPUT 8 n.a. Not available. # These estimates will depend on the integration of the System of National Accounts and the System of Environmental and Economic Accounting as part of the overall modernization of BEA's economic accounts. (#) (#) (#) NOTE.—Leaders indicate that an entry is not applicable. GDP Gross domestic product NDP Net domestic product (#) (#) (#) (#) S #) #) #1 (#) (#) (#) (#) (#) (#) (#) (#) 8 ((##)) ((##)) ((##)) (((###))) ((##)) (#) 8 ((##)) (((###))) (((###))) ((##)) (#) (#) (#) 48 • April 1994 SURVEY OF CURRENT BUSINESS and input-output programs is an important extension. Uses of the new accounts Integrated economic and environmental accounts are the subject of intense interest, and expectations may differ from actual results. Among some observers, especially those extrapolating from studies conducted in resource-dependent developing economies, there is an expectation that such accounts will show that U.S. economic growth as currently measured is not sustainable, because the stocks of natural and environmental resources that ultimately determine economic growth are being run down. This expectation may well stem from focusing on depletion and degradation to the exclusion of additions. The IEESA'S will help to identify the use of the various natural and environmental resources. A priori, however, it is difficult to say whether there will be a net reduction or increase in their value overall. For example, while it is almost certainly true that the economic value of the stocks of some assets, such as bluefin tuna, are declining, the stocks of other environmental assets, such as timber stocks, have been increasing as planting and growth have more than offset harvests, fire, and land conversions. Similarly, while losses of wetlands from development continue to outnumber gains from wetland restorations, increasing rates of investments in cleaner air and water since the mid-i97o's appear to have resulted in net improvements in air and water quality; many of the measures of air and water quality, such as the ambient concentrations of air and water pollutants, have shown improvement. Because of these offsetting changes, it is conceivable that when all entries in table 2—or if not all, at least enough more than at present to avoid risks of conclusions based on partial results—have been filled in, the table will show that IEESA NDP differs little from traditional NDP.7 Nevertheless, the information about specific natural resources and specific industries, products, or regions will provide valuable insight about 7. There are also conceptual limitations to using NDP as the indicator of sustainable growth, NDP shows only the level of product, which cannot reflect much information about sustainability. The rate of change of NDP over time is more useful, but even this is not a clear indicator, because changes in NDP reflect changes in the rates of consumption, government expenditure, and net exports as well as net capital formation. A measure that may be more useful as an indicator of sustainable growth is the net savings rate, which is affected only by changes in the rate of investment in, and the consumption of, fixed capital. If the savings rate—adjusted to reflect additions to, and subtractions from, natural as well as produced assets—is positive, then growth can be considered sustainable. (Because this assumes a high degree of substitutability between produced and natural assets, some refer to this concept as "weak sustainability.") sustainability and the implications of different regulations, taxes, and consumption patterns. In the United States, such information should prove useful in a wide range of policy issues. Economic accounts do not provide normative data. They either report market values or proxies for market values. If a problem with property rights leads to the undervaluation and overexploitation of a resource, a set of integrated economic accounts will not reveal the "right" price or the "correct" level of stocks. They will, however, provide the data—for example, about changes in the value of the stocks and the share of income to be attributed to the resource—needed for objective analysis of the problem. Plan for Natural Resource and Environmental Accounting BEA'S BEA'S plan calls for work on the IEESA'S to be undertaken in conjunction with modernizing its economic accounts, BEA'S national accounts are now undergoing the first major redesign since the 1950's. The redesign, which will be along the lines of the SNA 1993, will feature an integrated set of current and capital accounts, sector by sector. Fully developed capital accounts, along with balance sheets, are essential for a comprehensive set of economic accounts. The conceptual work on these accounts and the more specialized work on natural resources and the environment will be mutually supporting. Further, to make reasoned policy choices involving trade-offs among kinds of capital, one would want a view of the total capital stock—natural and made—consistently covered and appropriately valued. BEA has developed a three-phase plan for the IEESA'S. With this issue of the SURVEY, BEA has completed the first phase of work. Phase I: Overall framework and prototype estimates .—The overall IEESA framework is designed to build upon the existing national accounts and is in line with the guidance embodied in the new international SNA about a satellite system and the companion SEEA. In its initial work, BEA has focused on mineral resources, consisting of oil and gas, coal, metals, and other minerals with a scarcity value. As described in the companion article, the focus, in accordance with SNA recommendations, is on proved reserves, the basis for valuation is market values, and the treatment given mineral resources—which require expenditures to prove and which provide "services" over a long SURVEY OF CURRENT BUSINESS timespan—is similar to the treatment of fixed capital in the existing accounts. The prototype estimates include stocks and flows in accounts that supplement BEA'S national wealth accounts and NIPA'S. These prototype estimates provide a comprehensive picture of the stocks of natural assets and the changes in them. They also allow an examination of the practical consequences of several alternative methods of valuing the stock of resources, additions, and depletion. The alternative methods represent the Bureau's technical assessment of the best estimates and framework that are feasible with existing sources and methods. Phase 11: Renewable natural resources.—The plan calls for work to extend the accounts to renewable natural resource assets, such as trees on timberland, fish stocks, and water resources. Development of these estimates will be more difficult than for mineral resources because they must be based on less refined concepts and less data. Phase in: Environmental assets.—Building on this work, the plan calls for moving on to issues associated with a broader range of environmental assets, including the economic value of the degradation of clean air and water or the value of recreational assets such as lakes and national forests. Clearly, significant advances will be required in the underlying environmental and economic data, as well as in concepts and methods, and cooperative effort with the scientific, statistical, and economic communities will be needed to produce such estimates. H April 1994 • 49 SURVEY OF CURRENT BUSINESS April 1994 Accounting for Mineral Resources: Issues and BEA'S Initial Estimates NATURAL assets, the characteristics . of minerals—oil, gas, coal, and nonfuel minerals—are the most similar to the characteristics of assets included in traditional economic accounting systems. Not surprisingly then, minerals have long been considered as candidates for a treatment that is symmetrical with the treatment given other assets. Such a treatment is at the heart of the integrated economic and environmental satellite accounts (IEESA'S), which are the subject of a companion article, beginning on page 33. Failure to account symmetrically for mineral resources as a form of capital has been blamed both for their over- or under-exploitation and for incomplete analysis and policy decisions in areas relating to productivity and budgeting. The companion article noted three points of asymmetry between the treatment given assets such as structures and equipment in the traditional economic accounts and the treatment given natural assets. First, in traditional economic accounts, there is no entry for additions to the stock of natural resources parallel to the entry for additions to the stock of structures and equipment. Second, there is no explicit entry for the contribution of natural resources to current production, as measured by gross domestic product (GDP), parallel to the entries that capture the value added of structures and equipment. Finally, there is no entry for the using up of the stock of natural resources parallel to the entry for the depreciation of structures and equipment used to arrive at net domestic product (NDP)— which is used by some as a shorthand measure of sustainable product. This treatment given mineral resources in the traditional economic accounts is anomalous in several respects. First, firms spend large amounts of time and other resources in "proving" mineral reserves, and these reserves, like structures and equipment, yield a flow of services over many years. As firms prove these reserves, they are entered, along with investments in new structures and equipment, in the firms' balance sheets. Additions to these reserves are also recognized by investors and reflected in firms' equity prices. Second, the value added of a resource like coal or oil is included in GDP even though no explicit entry for its contribution is made: Its value added is in a sense "appropriated" by the other factors of production and is included in the rents, royalties, and profits of the owners of invested capital. Finally, although the traditional economic accounts do not include an entry for depletion of natural resources, firms and investors recognize depletion in assessing the value of firms and the sustainability of their current profit levels. The treatment of natural resources in the mining industry has long been debated in economics literature.1 While there is a conceptual case for symmetrical treatment of mineral resources and invested capital, the absence of good market prices to value additions, depletion, and stocks has been a stumbling block. Property rights issues, incomplete information, asymmetry in bargaining, and the structure of payments for mineral rights create a situation in which either there are no observable prices or prices are seriously incomplete or unrepresentative. Partly as a result of this situation, traditional economic accounts have treated the value added of mineral resources as free gifts of nature, making entries neither to the flow accounts for additions to, or depletion of, the stock of these resources nor to the wealth accounts. The omission of explicit entries for mineral resources has import beyond the economic accounts. The absence of an entry, or market price, for depletion may—in combination with common property rights—mean that the accounts do not identify overexploitation. This possibility is particularly important because a large share of the Nation's mineral resources are on public lands. (However, as the current problems in the New England fisheries suggest, the issue clearly has import for a wide range of other resources.) Such omissions have also been cited as the source of problems in productivity analysis. Despite the inclusion of land, labor, and capital in the most elementary production function used in studying 1. Business accounting has also long debated issues in accounting for minerals; further, there was a resurgence in interest after the "energy crisis" in the mid-1970's. Since then, the Financial Accounting Standards Board has issued five new standards to improve accounting for mineral resources. SURVEY OF CURRENT BUSINESS productivity, measures of natural resources have generally not been available. Finally, the absence of measures of natural resource stocks and stock changes on Federal lands has been cited as contributing to less-than-optimal Federal budgeting decisions.2 As previously mentioned, this article is the second of two articles reporting on the IEESA'S. It provides initial estimates of the value of additions, depletion, revaluations, and stocks of mineral resources and on the impact such estimates would have on the estimates of the Nation's production, income, and wealth. This article begins with a summary of the major conceptual and methodological issues in accounting for mineral resources. Next, the article describes alternative methods of valuation that can be used to develop IEESA estimates for minerals, and it then presents estimates for oil, gas, coal, metals, and other minerals using these methods. An appendix provides information on data sources and methods. Tables 1-5 appear at the end of the article: Table 1.1-1.6 present estimates of oil—opening stocks, additions, depletion, and the revaluation adjustment—for 1947-91; tables 2.1-2.6 present estimates of gas for 1947-91; tables 3.1-3.4 present estimates of coal for 1958-91; tables 4.1-4.4 present estimates of metals for 195891; and tables 5.1-5.4 present estimates of other minerals for 1958-91. Conceptual and Methodological Issues In addressing conceptual and methodological issues for mineral resources, as for natural resources and the environment more broadly, BEA has attempted to follow two principles. First, the treatment in the satellite accounts should be consistent with the principles of economic theory. Second, the satellite accounts should embody some concepts and definitions that differ from those of the existing accounts in order achieve their purpose of showing the interaction of the economy and the environment, but in other respects they should be consistent with the existing accounts. Satellite accounts provide the flexibility to make changes that are useful in analyzing natural resources and long-term economic growth, but consistency with the existing accounts will allow the satellite accounts covering mineral resources to link to, and build upon, the existing economic accounts, including the input-output and regional accounts. 2. See, for example, Gavin Wright [35] and Michael J. Boskin, Marc S. Robinson, Terrance O'Reilly, and Praveen Kumar [4]. The conceptual and methodological issues discussed in this section can be divided into two main groups. The first group deals with the accounting treatment for mineral resources. The second group deals with valuation. Accounting issues Treatment of additions to reserves.—Symmetrical treatment of proved mineral resources with structures and equipment requires treatment of additions to the stock as capital formation and of deductions as depletion. Capital formation records the initial production of the capital, as well as its addition to the capital stock; depreciation records the reduction in the capital stock associated with its use, as reflected in NDP. Over the life of the asset, depreciation sums to the value of the original investment. In economic accounting, as in business accounting, what comes off the books must have gone on the books. This business accounting requirement was one of the reasons why estimates of depletion of natural resources have not been included in official estimates of NDP. Beginning in 1942, depletion allowances for minerals and timber were deducted from GDP in the estimates of net national product made by the U.S. Department of Commerce. Discoveries of minerals, however, were not included in capital formation and net product. The depletion allowances were eliminated in 1947 because of this absence of an entry for capital formation. Despite this accounting requirement for symmetrical treatment of additions and reductions, a number of economists have called for a return to the 1942 treatment—that is, an entry for depletion but not for additions. This position seems to have been based on at least three considerations, each of which is evaluated in the paragraphs that follow. First, an entry for depletion will respond to at least part of the concern about the treatment of mineral resources in the traditional accounts. If the goal is to produce a measure of NDP that reflects the depletion of mineral resources in GDP, deduction of depletion to arrive at an alternative NDP will provide such a measure. Although it cannot be explicitly identified, as noted previously, the contribution of mineral resources is already included in GDP. Deduction of an estimate of depletion will give a partial measure of sustainability, one that indicates the using up of the existing stock of mineral resources. What such a partial measure will not do is allow the detailed identification of the contribution April 1994 5-2 • April 1994 SURVEY OF CURRENT BUSINESS of the mineral resource to income, production, consumption, or wealth, either in the aggregate or by sector. Nor will it provide a complete measure of sustainability. Without an entry for additions, deduction of depletion alone to calculate an alternative NDP may produce misleading signals regarding the sustainability of a nation's production and wealth. For example, with only depletion accounted for, a nation adding to its stock of reserves—through exploration and development and through improved recovery techniques—at a rate that more than offsets depletion would nonetheless have an alternative NDP lower than the traditional NDP. The lower NDP would suggest that the country was running down its resources and that the current level of production was at the expense of future production, despite the fact that reserves were actually increasing. Second, estimates of the value of additions to the resource stocks are quite volatile, uncertain, and, at times, large. Volatility in resource prices, changes in mining technology, and uncertainty about the ultimate recoverability from existing reserves all affect the value of mineral reserves. It is not clear, however, that the volatility introduced by such estimates would be any larger than that already observed in investment, particularly inventory investment, the most volatile component of traditional accounts. Third, probably the most important reason for the lack of enthusiasm for including additions to reserves as capital formation in GDP is that additions to reserves are so different from additions to capital stock. This difference, in combination with the volatility of additions to reserves, would limit the usefulness of accounts for conventional macroeconomic analysis. The inclusion of large additions to mineral resources in GDP, such as those associated with the North Slope in Alaska and the North Sea in Europe, are important additions to a nation's wealth and have a significant impact on economic activity, but the effect differs from that associated with investment in a new factory. Both add to wealth, but for the factors of production involved in building the factory, payments have been made, and the resources are available for current consumption. In contrast, much of the increase in wealth associated with adding proved reserves accrues to mining companies and landowners in the form of increases in land values and equity prices. To make these resources available for current consumption would require the "producers" of the mine or well to sell their product. Many of the concerns about volatility and the different nature of additions to mineral reserves can be diffused by placing these values in a satellite account that allows integrated analysis of mineral resources outside the main accounts. This inclusion of natural resources in a satellite account allows researchers the flexibility to experiment without impairing the usefulness of the traditional accounts. In addition, within the IEESA'S, the effect of volatility in mineral prices is largely confined to the revaluation account and has a limited effect on the estimates of current income, production, and consumption. Fixed capital or inventory treatment—Even when economic theorists have thought of natural resources as a type of capital, they have disagreed about whether the resources should be treated as fixed capital or as inventories.3 This disagreement may seem a bit strange because proved mineral reserves seem to fit the classic characteristics of fixed capital: Expenditures of materials and labor are needed to produce a productive asset ("roundabout" production), which yields a stream of product over long periods of time. The rent to owners of fixed assets comprises the reduction in the value of the asset due to its use in the current period (depreciation) and a return equal to what the current value of the asset could earn if invested elsewhere. Inventories, on the other hand, are buffer stocks of inputs and final products that help to smooth production and avoid lost sales. As a rule, inventories are sold within a year or one accounting cycle. Although interest or holding costs are a consideration in determining inventory levels, they are much less important than for fixed capital. Part of the rationale for treating mineral reserves as inventories may arise from the perception that they differ from fixed capital in that they are a set number of units waiting to be used up in production. However, like the output from a new machine, the number of units extracted from a new field or mine is quite uncertain and varies over time with the path of future demand, changes in technology, prices, costs, and returns on alternative investments. In addition, although a piece of machinery may not appear from the 3. Part of the debate over the treatment of minerals as inventories or as fixed capital may reflect the view that depletion should be counted as a reduction in the highly visible GDP measure, rather than in the less well known NDP. If natural resources are treated like fixed capital, the depletion of the resources in the production process would be treated like depreciation. Because NDP is defined as GDP less depreciation, with this treatment any depletion charge would affect NDP but not GDP (as noted earlier, conventional GDP implicitly includes depletion). On the other hand, the change in business inventories is a component of both GDP and NDP. Consequently, some have argued that if depletion were viewed as a net decline in inventories, it would result in a subtraction from both GDP and NDP. SURVEY OF CURRENT BUSINESS exterior to be used up in production, its parts or service life are most certainly "used up" in production; this "using up" is reflected in the decline in its value, or the depreciation on the equipment. Valuation issues The absence of complete data on mineral resource prices has meant that the value and contribution of mineral resources to income, production, consumption, and wealth have usually had to be based on methodologies that produce To emphasize the replaceability of proved reproxy estimates of their market price. There are serves, some analysts have chosen to describe two elements to making such estimates. The first these reserves as inventories. This motive is separating the contribution of the resource in notwithstanding, treatment of mineral reserves the ground—which is implicitly included in the symmetrically with fixed investment in strucprice of a marketed mineral product—from that tures and equipment would serve equally well of other factors of production. The second is as a reminder of the "reproducibility" of proved determining the appropriate per-unit value for reserves in the IEESA'S. estimating the value of the stock of the resource and the value of changes in the stock, including Proved reserves or total resources.—The amount additions, depletion, and revaluations. In addition, it is useful to identify several terms of mineral resources that can be recovered, given at the outset. First, "rent" refers to the concept of current economic conditions, is not certain. Rethe return to factors of production after deducserves are generally classified by the degree of tion of variable costs. More empirically, "gross certainty attached to the estimates. For example, rent" is simply gross revenues less expenditures proved petroleum reserves are estimated physion intermediate goods and employee compencal quantities that have been demonstrated by sation. (Rent in these situations is not to be geologic and engineering data to be recoverable confused with "rental income of persons" found under current economic conditions and techin the national income and product accounts.) nology. Reserves whose recovery under current Second, "invested capital" refers to the structures economic conditions is less certain are classiand equipment in which the firm or industry has fied as either "probable" or "possible." Estimates invested. are also available on the total amount of reserves that remain to be discovered—that is, of Identifying the return to the resource.—The price "undiscovered" reserves. There are a variety of a unit of the resource—for example, a barrel of perspectives on which of these measures of of oil—reflects, in addition to the cost of goods reserves should be used in accounting for minerand services used in its production, a return to als. Should the accounts be concerned only with labor, a return to invested capital, and a return "proved" reserves, or should they also account for to the resource. The first step in identifying the "probable," "possible," or even "undiscovered" value of a barrel in the ground is to determine reserves? the rent, in this case the rent to the resource and the capitalized value of investments in mining. In Authors who have focused on proved reserves industries such as petroleum mining, good data have tended to do so because of the large unare generally available on the variable costs, so certainty associated with the other measures. arriving at gross rent is, at least conceptually, relAs noted in the companion article, BEA ultiatively simple. The next step is to determine the mately intends to include unproved reserves as share of gross rent that accrues to the invested part of "nonproduced/environmental" assets, but capital and the share that accrues to the resource. the mineral reserve estimates presented here are In theory, the rent to owners of both the inrestricted to proved reserves. vested capital and the oil in the ground should equal the reduction in the value of each asset One means of dealing with the uncertainty due to its use in the current period (depreciation in valuing unproved reserves may be the use of and depletion, respectively) plus a return equal "option" values. Unproved reserves are clearly to what the current value of the well (the invested bought and sold, and the values or options that capital and the oil in the ground) could earn if could be used in these transactions might be used invested elsewhere. The desirable way to measto develop average option values to be used in ure the rent would be to observe market prices valuing the entire stock of a nation's reserves. for these transactions; however, often there is no An operational methodology for making such transaction, and the observable transactions that estimates has not yet been identified. April 1994 • S3 SURVEY OF CURRENT BUSINESS 54 • April 1994 take place are often not representative of the full value of the oil. As a result, the various methods described in the next section use indirect techniques to estimate the market value of the return to invested capital, and they derive the return to the oil in the ground as a residual. variables: (1) The normal return to invested capital, based on some average rate of return to all investment in the economy; (2) the return to capital based on the market value of the capital stock in the oil industry; and (3) the per-unit capital cost of additions to the stock of proved reserves. The use of these variables as described in the folValuing the resource stock and depletion.—Valuing lowing paragraphs represents BEA'S assessment of the stock of a resource and valuing the decline the best estimates given existing source data and in the stock's value associated with extraction are frameworks. The accompanying box provides an complicated because the extraction takes place algebraic description of the methods. over a long period of time. Unless the price, or value, of that resource rises enough to offCurrent rent estimates set the income that could have been earned on alternative investments (including an inflation The simplest assumption that can be used is premium), resources extracted in the future will based on Harold Hotelling's observation that in be worth less, in real terms, than those extracted equilibrium, the price of the marginal unit of a today. In theory, the market value of the stock nonrenewable natural resource net of extraction should be equal to the present discounted value costs (the current per-unit rent to the resource) of the future stream of rent from the stock, should increase over time at a rate equal to the whereas depletion is the decline in the value of nominal rate of interest.5 At any rate of increase the stock associated with extraction in the current in the per-unit rent above (below) the rate of reperiod. Translating the current per-unit rent of turn on alternative investments, entry (exit) and a resource into a per-unit value appropriate for increases (decreases) in the rate of extraction will valuing the stock and depletion requires informacombine to reestablish the equilibrium rate of intion about the future path of extraction, prices, crease in the resource rent. If this observation and interest rates. Unfortunately, such informaholds, the value of the stock of the resource is tion is generally not available. In the absence of independent of when it is extracted and is equal market prices, estimation of the current value of to the current per-unit rent to the resource times the resource requires either resort to economic the number of units of the resource.6 theory, use of a set of explicit assumptions, or The following two methods assume that over empirical estimation. time the rent per unit will increase at the rate Empirical estimation of the factors required for of interest; they simply use the current per-unit computing the present discounted value of the rerent to value the resource and depletion. source is fraught with difficulties, in part because The first method, current rent method I, utiof the volatility of mineral markets. Simplistic lizes an estimate of a normal, or average, rate of assumptions do at least as well as econometric return to investment to estimate the rent to the forecasts in tests of their predictive accuracy, and associated capital invested in the mining industry the assumptions are relatively easy to understand. and then derives the resource rent as a residual. This method applies this average, economywide rate of return to investment to an estimate of Alternative Methods of Valuing Mineral the replacement cost, or market value, of the net Resources stock of associated capital invested in mining and then adds depreciation to estimate a "normal" BEA has prepared estimates using four methrent to invested capital. The rate of return used is ods of valuing resource stocks and changes— 6 percent, approximately the 45-year average real depletion, additions, and revaluations—in the rate of return to investment in corporate bonds stocks.4 These methods rely on estimates of three and equities for the period ending in 1991, which is an estimate of the rate of return available on al4. Among the methods that have not been used is one suggested by Salah El Serafy. The approach essentially calculates the amount that must be invested in a "sinking fund" to create an income stream sufficient to replace that produced by the natural resource. The approach, although frequently mentioned in the resource accounting literature, is not included largely because it is inconsistent with the concepts embodied in traditional national accounts and the IEESA'S. In traditional accounts, the value of an asset is determined by its market price, or proxy thereof. El Serafy's approach, a welfare-oriented measure, is not intended to estimate the market value of the mineral resource. 5. In other words, the real price of the resource should increase at the real rate of interest, and there is no need for discounting. 6. As discussed later, it may be true that over long periods, the rent per unit for mineral resources—like most tangible assets held for investment purposes—will rise at a rate equal to the nominal discount rate; however, periods of disequilibrium may be quite long. Nevertheless, given the problems in forecasting volatile minerals prices, technology, etc., this simple assumption may yield results as good as or better than other methods. SURVEY OF CURRENT BUSINESS ternative investments. The steps in estimating the rent to and value of the resource are as follows: 1. Gross rent is calculated as total revenue less current operating expenditures. (Current operating expenditures are those associated with bringing the mineral from the deposit to the wellhead or mine gate.) 2. The resource rent is obtained by subtracting the rent to capital (both depreciation and a normal rate of return for capital) from the gross rent. 3. The per-unit rent to the resource equals the resource rent divided by the physical quantity extracted. April 1994 • S5 4. The value of the resource equals the per-unit rent times the physical quantity of reserves. Additions and depletion are valued at rent per unit times the physical quantities of added and extracted reserves. 5. Revaluations—the effect of price changes— are computed as a residual: The value of the resource at the end of the current year less its value at the end of the preceding year, plus depletion during the year, less additions during the year. The advantage of this method is that it is relatively straightforward and requires few assumptions. The main disadvantage is that an explicit assumption must be made regarding the Algebraic Description of the Alternative Methods of Valuing Mineral Resources Current rent method 1 (Based on average return to capital): Definitions: GR = TR - COE RR = GR-(rNS + DEP) 6r = RR/QE Aggregate value measures: TR = total revenue CO = other extraction expenses, including compensation of employees, materials consumed, and overhead cost allocated to current production GR = gross rent RR = resource rent NS = net stock of capital valued at current replacement cost TV =value of purchased reserves during the year V =value of the proved reserves (resource and fixed capital values) VR =value of the resource stock VA = value of the annual additions DEP = depreciation DEPL = value of the annual depletions REVAL = the effect of price changes on the value of the stock $ADD = the annual exploration and development expenditures for drilling oil and gas wells in fields of proven reserves (including overhead costs allocated to development) 4> = Net discounted present value factor VR = 8r(QRES) DEPL = 5r(QE) VA = 5r(QADD) REVAL = VA(t)-VA(t-l)+DEPL- VA Current rent method 1 (Based on value of capital stock): * 1 5GR = V = GRIQE 8GR(QRES) VR = V -NS 5r = VR/QRES Net present discounted value: * T 5r = $[(V-NS)/(QRES)] Replacement cost: * bf 5r = [(QE/QRES)/((QE/QRES)+r)) = bf[(TR-COE)/Q]-(SADD/Q) Transaction price: * 8GR = (TV/TQ) 5r = 6GR-(NS/QRES) * DEPL, VA, REVAL for all methods are computed using the same formulas as presented for current rent method 1, Quantity measures: QE = quantity of the resource extracted during the year QRES = stock of reserves QADD = Quantity of resources added to reserves during the year (through new discoveries, extensions of existing sites, or revisions in estimated reserves) TQ = quantity of proved reserves purchased during the year Per unit measures: 5GR = gross rent per unit (GR/Q) 5r = resource rent per unit Rates and other items: r = real rate of interest, or discount rate N = Life span of a resource (e.g., well or mine), R/Q j = current year T = life of asset (NIPA convention) a = reserve decline rate, Q/R bf = barrel factor 5 6 • April 1994 SURVEY OF CURRENT BUSINESS appropriate rate of return. In addition to the conceptual and empirical problems in identifying an appropriate rate, prespecification of a rate does not allow for relatively low or high rates of return in the mining industry due to conditions specific to the industry. An alternative method, current rent method 11, derives resource rent by removing the market value of capital, both physical and capitalized expenditures, from the value of the resource reserve. The steps to deriving the per-unit rent are as follows: 1. Gross rent per unit is derived by dividing gross rent by the physical quantity of extraction. 2. The total value of the mineral reserve (the resource and the associated invested capital) equals the gross rent per unit times the quantity of reserves. 3. The value of the resource equals the total value of reserves less the current replacement value of the net stock of invested capital. 4. Resource rent per unit equals the value of the resource divided by the quantity of reserves. The advantage of this method is that it does not require an explicit assumption about the return to invested capital associated with the resource. the NIPAJS: 16 years until 1972 and 12 years thereafter. Finally, extractions were assumed to occur at midyear and were valued using the per-unit rents described for current rent method 11. Two real rates of discount—3 percent and 10 percent—were chosen to illustrate the effects of a broad range of rates on the values of additions, depletion, and stocks of reserves. Thus, the relatively high and relatively low rates chosen encompass many of the alternatives that have been used in discounting.7 The 3-percent discount rate has often been used to approximate the rate of time preference. The 10-percent rate has often been used to approximate the long-term real rate of return to business investment. The steps for estimating the present discounted value estimate of the resource rent per unit are as follows: 1. A discount factor was derived using an estimate of the real rate of discount—the nominal interest rate less the rate of increase in the resource rent—and the NIPA estimates of the lifespans of mineshafts and wells. 2. The rent per unit equals the discount factor times the gross rent per unit derived from the current rent method that is based on the value of capital stock in the mineral industry.8 Present discounted value estimates Replacement-cost estimates If it is assumed that rent to the resource does not rise enough to compensate the owners of the resource for the nominal interest they could earn on alternative investments, then the stream of future rents must be discounted by the difference between the rate of increase in resource rent and the nominal interest rate. As noted previously, with discounting, identical dollar values during different time periods have different present values, so valuation by present discounted values requires—in addition to an assumed discount rate—a number of assumptions about the stream of future rents. In BEA'S implementation of this method, three simplifying assumptions were made so that each cohort of additions to reserves did not have to be tracked separately throughout its economic life. First, extraction resulting from additions to proved reserves was assumed to be constant in each year of a field's life, and depletions were assumed to result equally from all cohorts still in the stock. Second, new reserves were assumed to be extracted at constant rates over the same timeframe used for depreciating wells and mines in The replacement-cost method subtracts from gross rent the cost per unit of adding new reserves, thereby identifying the resource rent as a residual. It uses the per-unit cost of proving new reserves to represent invested capital's share of the gross rent. The value of a unit of resource in the ground is estimated; the cost to replace it by investment is subtracted from that in-ground value, and the residual is the resource rent. This method uses current rates of extraction to estimate future production and uses an 7. Although these real rates—3 percent and 10 percent—are often used to discount future returns, both are probably high for an appreciating tangible asset for a number of reasons: (1) Mineral prices do rise, at least partly, if not fully offsetting the effect of discounting; (2) as many authors have argued, decisions with intergenerational effects should be valued at lower discount rates than other transactions; and (3) a real rate of 10 percent, which is often cited and has been used by the Office of Management and Budget as an estimate of the real rate of return to private capital, is biased upwards. The 10-percent return is based on estimates of the before-tax return to reproducible capital, which is computed as all property-type income divided by the replacementcost value of reproducible assets. Some authors have attempted to adjust the return to reflect the fact that property-type income is a return to land and other factors as well as to reproducible capital; nevertheless, to the extent that these other factors are excluded from the denominator, the computed return to capital is too high. 8. Because of the simplifying assumptions used, somewhat different discount-extraction factors are applied to stocks and flows; for most years, the differences are very small. SURVEY OF CURRENT BUSINESS assumed discount rate of 6 percent.9 Because of the lack of production cost data, transactions data for the sale of reserves, and techniques to estimate those market values for all other minerals, the replacement-cost method is used only for oil and gas. The steps for deriving the per-unit resource rent are as follows: 1. The barrel factor—-which is used to calculate the value of a barrel of oil in the ground— is equal to the depletion rate of the reserves divided by the sum of the real discount rate and the depletion rate.10 2, The per-unit resource rent is calculated by multiplying the gross rent per unit by the barrel factor and subtracting the per-unit exploration and development cost. Transactions-price estimates When oil and gas firms seek to replace the reserves that have been depleted as a result of their production, they face a "make or buy" decision. They can either make new reserves by financing exploration and development efforts, or they can buy reserves that have already been proved by others. This article refers to the purchase price of proved reserves as a "transactions price" because it represents a price that was paid in an actual transaction. The costs of acquiring new reserves by financing exploration and development efforts are termed "finding costs." In equilibrium, and ignoring the different tax treatment of purchasing and drilling for oil, the finding costs should be equal to the transactions price. If available, transactions prices are ideal for valuing reserves. As it turns out, such transactions are relatively infrequent because companies generally develop their own reserves. As a result, the few transactions that occur are not easily generalized for estimating the total value of reserves. The estimates of resource values for oil and natural gas presented here are derived from transactions prices constructed from publicly available data on the activities of large energy-producing firms. The derivation of per-unit resource rent is as follows: 1. The per-unit gross rent for the resource and its associated invested capital is obtained by 9. The method outlined here is based on the approach used by M.A. Adelman, which has been modified to estimate the resource rent and hence the depletion and the value of oil and gas resources. 10, Note that if the resource appreciates at a rate equal to the nominal interest rate, the real discount rate (nominal rate less the increase in prices) is zero, and the barrel factor has a value of one; in this case, the current rent is used to value reserves and depletion. dividing aggregate expenditures for the purchase of the rights to proved reserves by the quantity of purchased reserves. 2. The per-unit resource rent equals the perunit gross rent less the per-unit net stock of associated capital invested in the oil and gas industry. Estimates for Mineral Resources The value of resource reserves and changes in reserves were estimated for the period 1958-91 for major mineral resources using the four valuation methods just discussed.11 The minerals valued include the fuels (petroleum, natural gas, coal, and uranium), the metals (iron ore, copper, lead, zinc, gold, silver, and molybdenum), and other minerals (phosphate rock, sulfur, boron, diatomite, gypsum, and potash). Petroleum and gas account for the lion's share of mineral production. The other minerals were selected because, of the minerals that have scarcity value, their value of production was relatively high. The picture that emerges from the various estimates of the value of U.S. mineral stocks is broadly similar, regardless of which methodology is used: • The value of additions has tended to exceed depletions; since 1958, the value of the stocks of proved mineral reserves in the aggregate has grown in current dollars, while showing little change in constant (1987) dollars (charts 1 and 2 and table A). • Changes in the stocks of these productive assets over time have largely reflected changes in their resource rents. Increases in resource rents have been accompanied by greater investment in exploration and enhanced recovery technology, and decreases in rents for some resources have been accompanied by reduced exploration activity and the closing of marginal fields and mines. • Proved mineral reserves constitute a significant share of the economy's stock of productive resources. Addition of the value of the stock of these mineral resources to the value of structures, equipment, and inventories for 1991 would raise the total by $47i-$9i6 billion, or 3-7 percent, depending on the valuation method used. • The stocks of proved mineral resources are worth much more than the stocks of invested 11. The transactions-price and replacement-cost methods are used for the period 1947-91 and only for oil and gas. April 1994 • S7 April 1994 SURVEY OF CURRENT BUSINESS structures and equipment associated with the resources. In 1991, the value of the stock of subsoil assets was 2 to 4 times as large as the value of the associated stock of invested structures and equipment and inventories. • Valuing the effect of depletion and additions, as well as including the value of resource stocks, provides a significantly different picture of returns. Compared with rates of return calculated using income and capital stock a? measured in the existing accounts, the iEESA-based average rates of return on capital in the mining industry for 1958-91 are lower—4-5 percent rather than 23 percent (table B). Rates of return for all private capital slip from 16 percent using measures in the existing accounts to 14-15 percent using IEESA measures for the mining industries. • Although the trends that emerge from the alternative methods are similar, the range of estimates is large. The highest estimates of stocks, depletion, and additions were obtained from the current rent estimates based on capital stock values, and the lowest were from the current rent estimates based on average rates of return to capital. CHART 1 Stocks and Changes in the Stocks of Subsoil Assets, Current Dollars Billion $ 1400 1200 1000 CLOSING STOCK Current Rent Method I I ' • — Present Dtecounted Value Method Using 3% Present Dtecounted Value Method Using 10° Current Rent Method I ; 800 600 400 200 0 120 100 400 -100 -200 1958 60 62 64 66 68 70 72 74 76 78 80 82 1. Based on the value of capilal stock. 2 Based on the ave-age retu'n to invested capttai. U.S. Depaimen! of Comme'ce, Bureau of Economic Analysis 88 90 The stock of proved reserves increased from S103-S182 billion in 1958 to $471-5916 billion in 1991. In constant dollars, the stock rose somewhat and then fell, but over the period showed little change: From $544-$i,O77 billion in 1958, the real stock slipped only slightly to S53O-$i,O3O billion in 1991. The patterns vary by type of mineral and reflect the effects of prices and costs of production, the volatility in international minerals prices, increasing environmental regulation, and the effect of strikes and other factors specific to each industry. For petroleum, despite periodic concerns that the United States was running out of oil, additions have offset depletion throughout the period as oil companies have responded to higher net returns by stepping up exploration and improved recovery techniques to produce stocks of proved reserves sufficient to meet current and intermediate-term needs in light of current prices, costs, and interest rates. The one spike in the constant-dollar oil and gas series was in 1970, the year of the Alaskan oil strike. For coal, <:editions have exceeded depletions, resulting in a generally rising constant-dollar value of stocks over time. For other minerals, the stock patterns have varied, with declining stocks in metals reflecting large declines in the returns to metals. April 1994 SURVEY OF CURRENT BUSINESS The 1991 stock of mineral reserves would add }-y percent to the 1991 value of reproducible tangible wealth of $13,637 billion, of which private nonresidential structures and equipment were $5,440 billion. Over time, the mineral reserves share of an expanded estimate of national wealth has fallen; in 1958, mineral reserves would have added 9-17 percent to reproducible tangible wealth. This decline appears to reflect several factors, including the economy's increased reliance on foreign resources and the increased efficiency in the use of fuels and other minerals. Although industry makes large investments in exploring and developing mineral resources, the value of the invested capital associated with oilfields and mines is small relative to the value of the mineral reserves themselves. In 1991, the value of subsoil assets was 2-4 times as large as the associated capital invested in mining. Addition of these stocks of productive natural assets provides a more comprehensive picture of both the assets and the returns in the mineral industries. Treatment of natural resources symmetrically with investments in equipment and structures provides a very different picture of rates of return to mining. Rates of return in the mineral industries calculated using income and capital stock as measured in the existing accounts— specifically, by dividing property-type income by the replacement value of structures, equipment, and inventories—averaged 23.1 percent for 1958— 91. The more complete IEESA estimate deducts depletion and adds additions to property-type income, and it adds the value of resource stocks to the value of structures, equipment, and inventories. Depending on the valuation method used, the IEESA rate of return would be 3.5-5.2 percent. The effects of including mining resources are so large that the rate of return to all private capital is reduced from 16.1 percent to 14.1-14.9 percent. These IEESA rates of return provide a significantly different picture of the social rate of return to investments in the mining industries and the sustainability of the industries' output.12 As noted, the highest estimates of resource reserves are from the current rent method based on the value of capital stock invested in the industry.13 The value of subsoil assets using this method was $916 billion in 1991. The lowest value in 1991, $471 billion, was obtained from the current rent method based on a normal return to invested capital. The present discounted value estimates fell somewhere in between—$638-5812 billion. The replacement-cost and transactions-price estimates were computed only for oil and gas. The transactions-price estimates, despite considerable smoothing, were quite volatile and erratic. preference rate of 3 percent—or a nominal rate of approximately 6 percent— the current rent methods may not be too far off the mark over long periods of time, given the range of uncertainty in the estimates of rates of return. If one chooses a higher discount rate, then some discounting should occur. Stocks and Changes in the Stocks of Subsoil Assets, Constant Dollars Billion 1987 $ 1400 CLOSING STOCK 1200 1000 800 600 Current Rent Method I I ' Present Discounted Value Method Using 3% Present Discounted Value Method Using 10% Current Rent Method I •" 400 200 I 0 I I I I i I I II I I I I I I I I I I I I I I I 200 ADDITIONS 150 100 100 50 i2 Given the effect of tax laws, transfer pricing, and excluded assets, comparison of rates of return across methods is difficult at best. Many of the mining industries have relatively little invested capita] (fixed or inventory) associated with the resources, and hence the computed returns to reproducible , .ipital are overstated relative to those that mining companies, which do count me value of property, have on their books. 13. Over the period of this analysis, the current rent per unit for all the 'evmrces increased at an annual rate of 4-8 percent. Based on a real time 1958 60 62 64 66 66 70 72 74 76 78 80 82 34 86 88 90 1. Based on tie value of capital stock. 2. Based on the average return lo invested capital. U.S. Department of Commerce, Bureau of Economic Analysis • 59 60 • April 1994 SURVEY OF CURRENT BUSINESS Table A.1.—Value of the Resource, Additions, and Depletion of All Subsoil Assets, Current Rent Method I (Rate of Return) Billions of current dollars Year Additions (D 1958 1959 1960 ...... 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 ...... 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock (2) 102.6 105.6 105.2 117.2 120.1 125.4 135.8 141.7 141.8 142.7 140.0 138.4 139.5 159.7 152.1 147.9 195.7 233.1 277.8 337.1 322.6 339.5 398.1 448.3 379.4 285.2 600.6 741.3 594.4 471.6 437.5 371.1 409.9 471.2 4.6 5.9 2.6 6.0 6.9 6.0 8.2 7.9 7.4 7.2 5.9 3.4 20.5 5.9 3.7 4.2 7.6 5.1 8.4 21.0 13.8 23.5 33.9 31.1 43.9 68.7 86.3 62.1 33.8 36.8 16.4 20.6 29.1 19.6 4.3 4.4 4.5 4.6 4.8 5.3 5.5 5.5 5.8 6.1 6.2 6.5 7.1 7.0 6.5 7.6 8.3 10.7 15.7 17.9 18.4 21.6 27.2 26.3 43.6 68.1 74.5 62.3 46.4 36.0 17.5 16.9 22.4 24.2 Billions of 1987 dollars Billions of current dollars (4) 2.8 -2.0 13.9 1.5 3.2 9.6 3.2 -2.3 -.6 -3.9 -1.2 4.1 6.8 -6.5 -1.4 51.1 38.2 50.3 66.6 -17.6 21.5 56.7 43.5 -73.7 -94.5 314.7 128.9 -146.7 -110.2 -34.8 -65.3 35.1 54.6 14.0 Closing stock (1+2-3+4) Opening stock Additions Depletion Closing stock (6+7-8) (5) RevaluDepleation adtion justment (3) Table A.2.—Value of the Resource, Additions, and Depletion of All Subsoil Assets, Current Rent Method II (Value of Capital) (6) (7) (8) (9) 544.4 550.0 562.2 558.5 564.2 569.8 572.5 580.7 590.9 596.6 600.9 595.3 579.5 651.8 640.4 621.8 605.1 593.2 577.2 559.5 564.0 554.0 557.6 564.3 558.9 548.6 541.3 542.7 545.5 539.1 539.8 528.7 527.1 530.3 31.4 39.5 24.1 33.9 34.6 32.9 39.4 42.3 39.9 40.2 31.7 22.6 112.7 28.4 21.7 22.9 26.2 20.4 18.2 40.8 27.3 41.5 45.0 32.6 26.7 28.8 39.4 40.4 30.3 37.1 25.5 34.1 38.8 25.0 25.9 27.3 27.7 28.2 29.0 30.3 31.1 32.1 34.1 36.0 37.3 38.5 40.4 39.9 40.2 39.6 38.1 36.4 36.0 36.3 37.3 37.9 38.3 38.0 37.1 36.0 38.1 37.6 36.7 36.4 36.6 35.7 35.7 35.6 105.6 105.2 117.2 120.1 125.4 135.8 141.7 141.8 142.7 140.0 138.4 139.5 159.7 152.1 147.9 195.7 233.1 277.8 337.1 322.6 339.5 398.1 448.3 379.4 285.2 600.6 741.3 594.4 471.6 437.5 371.1 409.9 471.2 480.6 550.0 562.2 558.5 564.2 569.8 572.5 580.7 590.9 596.6 600.9 595.3 579.5 651.8 640.4 621.8 605.1 593.2 577.2 559.5 564.0 554.0 557.6 564.3 558.9 548.6 541.3 542.7 545.5 539.1 539.8 528.7 527.1 530.3 519.7 Table A.3.—Value of the Resource, Additions, and Depletion of All Subsoil Assets, Present Discounted Value Method Using 3% Discount Rate Additions (1) 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 ...... 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock (2) 155.6 161.1 161.9 163.9 169.3 176.0 181.6 185.1 187.7 188.5 193.1 193.1 191.8 222.0 228.5 231.2 263.4 329.8 409.2 476.9 530.5 554.5 652.4 767.7 774.8 911.8 1,117.9 1,139.6 1,038.4 942.4 841.4 734.4 766.0 812.4 6.1 7.6 3.4 7.9 9.2 7.5 10.0 9.8 9.1 9.2 7.5 4.5 24.7 8.7 5.5 5.6 10.2 7.9 11.4 28.9 19.4 36.4 42.8 35.1 42.4 71.2 86.3 80.4 54.0 54.3 28.1 42.4 50.9 36.3 (3) 5.6 5.7 5.9 6.0 6.2 6.5 6.7 6.8 7.1 7.4 7.6 7.9 8.7 9.0 9.3 9.6 11.9 15.4 20.3 23.3 25.9 30.9 37.3 42.9 62.6 80.6 84.1 76.6 62.7 51.3 37.5 37.3 41.8 43.1 (4) 5.0 -1.1 4.5 3.5 3.5 4.6 .2 -.4 -1.2 2.8 .1 2.1 14.2 6.9 6.4 36.1 68.2 86.8 76.6 48.0 30.5 92.4 109.8 14.9 157.3 215.5 19.6 -105.0 -87.2 -104.2 -97.6 26.5 37.2 -.1 Closing stock (1+2-3+4) Opening stock Additions Depletion Closing stock' (6+7-8) (6) (7) (8) 42.0 52.0 27.5 48.9 54.5 46.8 58.7 60.6 56.9 57.5 44.7 28.6 146.7 41.5 29.3 29.7 37.4 25.9 25.3 57.1 38.6 56.6 60.1 39.3 31.7 37.6 47.8 58.5 47.2 54.3 35.8 54.7 60.7 42.3 34.6 36.5 37.5 38.2 39.3 41.0 42.4 43.7 46.5 48.7 50.7 52.7 55.3 54.8 55.2 55.2 52.9 50.3 50.3 50.5 52.3 53.7 53.9 53.6 51.7 50.2 53.1 52.6 51.3 51.3 52.3 51.3 51.5 51.4 161.1 161.9 163.9 169.3 176.0 181.6 185.1 187.7 188.5 193.1 193.1 191.8 222.0 228.5 231.2 263.4 329.8 409.2 476.9 530.5 554.5 652.4 767.7 774.8 911.8 1,117.9 1,139.6 1,038.4 942.4 841.4 734.4 766.0 812.4 805.4 921.6 929.4 946.0 935.1 946.4 962.6 968.6 986.0 1,003.9 1,014.8 1,024.0 1,017.4 991.3 1,089.1 1,074.7 1,046.7 1,020.3 1,004.0 978.7 953.1 959.8 945.9 949.6 956.7 942.6 922.8 911.0 906.5 914.1 911.3 916.0 900.6 904.1 913.6 7.7 9.5 4.3 9.9 11.6 9.5 12.6 12.3 11.4 11.5 9.4 5.6 31.0 10.9 6.9 6.7 12.1 9.4 13.6 34.4 23.1 43.2 50.7 41.7 50.3 84.6 102.5 95.5 64.1 64.6 33.4 50.4 60.5 43.1 (3) 7.1 7.2 7.4 7.5 7.8 8.2 8.5 8.6 9.0 9.3 9.6 10.0 11.0 11.4 11.7 12.0 14.9 19.2 25.2 28.9 31.8 37.7 45.5 52.3 76.0 97.3 101.8 92.0 75.3 61.5 44.6 44.4 49.7 51.3 (4) Billions of 1987 dollars Closing stock (1+2-3+4) (5) 5.9 -1.5 5.5 4.0 3.9 5.3 0 _ -( -i!5 3.2 .2 2.8 15.3 8.1 7.9 42.2 79.4 101.1 88.9 55.2 35.0 105.6 125.3 16.7 180.2 245.2 21.1 -121.4 -100.1 -119.6 -111.5 29.6 41.5 .4 188.3 189.3 191.6 198.0 205.7 212.3 216.4 219.4 220.4 225.8 225.8 224.2 259.5 267.1 270.3 307.1 383.7 475.0 552.3 613.1 639.3 750.4 881.0 887.1 1,041.6 1,274.2 1,296.0 1,178.1 1,066.9 950.3 827.6 863.2 915.5 907.6 Opening stock Additions Depletion Closing stock (6+7-8) (6) (7) (8) (9) 52.7 65.3 34.5 61.4 68.4 58.8 73.6 76.0 71.4 72.2 56.1 35.9 184.1 52.1 36.8 35.3 44.4 30.8 30.1 67.8 45.8 67.3 71.4 46.7 37.7 44.7 56.8 69.5 56.0 64.6 42.5 65.0 72.1 50.3 1,086.5 43.6 ,105.9 45.9 ,093.1 47.3 ,106.4 48.1 ,125.2 49.5 ,132.3 51.7 53.4 ,152.6 ,173.6 55.0 1.186.4 58.6 ,197.1 61.4 ,189.3 63.9 66.4 ,158.8 69.7 1,273.2 1,256.4 69.0 ,223.6 69.6 ,190.0 68.9 1,168.3 66.1 1,136.1 62.9 1,103.9 62.3 1,109.1 62.6 64.4 ^ 1,090.5 1,092.3 65.5 1,097.9 65.7 65.4 1,079.3 1,054.2 62.8 1,038.3 60.6 64.2 1,030.8 1,037.1 63.2 1,031.6 61.6 1,034.6 61.5 1,014.9 62.2 1,018.8 61.1 1,029.6 61.3 1,018.7 61.2 1,077.4 1,086.5 1,105.9 1,093.1 1,106.4 1,125.2 1,132.3 ,152.6 ,173.6 ,186.4 ,197.1 ,189.3 ,158.8 ,273.2 1,256.4 1,223.6 1,190.0 1,168.3 1,136.1 1,103.9 1,109.1 1,090.5 1,092.3 1,097.9 1,079.3 1,054.2 1,038.3 1,030.8 1,037.1 1,031.6 1,034.6 1,014.9 1,018.8 1,029.6 929.4 946.0 935.1 946.4 962.6 968.6 986.0 1,003.9 1,014.8 1,024.0 1,017.4 991.3 1,089.1 1,074.7 1,046.7 1,020.3 1,004.0 978.7 953.1 959.8 945.9 949.6 956.7 942.6 922.8 911.0 906.5 914.1 911.3 916.0 900.6 904.1 913.6 903.9 • Table A.4.—Value of the Resource, Additions, and Depletion of All Subsoil Assets, Present Discounted Value Method Using 10% Discount Rate (9) 1. Because of the simplifying assumptions used in the calculation of stocks for this method, closing stocks are not necessarily equal to opening stocks plus additions less depletion. For most years, the differences are very small (2) 181.9 188.3 189.3 191.6 198.0 205.7 212.3 216.4 219.4 220.4 225.8 225.8 224.2 259.5 267.1 270.3 307.1 383.7 475.0 552.3 613.1 639.3 750.4 881.0 887.1 1,041.6 1,274.2 1,296.0 1,178.1 1,066.9 950.3 827.6 863.2 915.5 RevaluDepleation adtion justment Billions of 1987 dollars Billions of current dollars (5) RevaluDepleation adtion justment Additions (D 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Billions of 1987 dollars Billions of current dollars Year Year Year Additions (D 1958 1959 1960 ...... 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock (2) 114.7 118.8 119.3 120.8 124.8 129.7 133.8 136.4 138.3 139.0 142.3 142.4 141.4 163.6 168.4 170.4 195.0 245.2 305.5 357.5 399.4 419.1 495.1 584.9 592.7 700.3 862.0 882.1 806.8 735.1 658.7 577.1 602.0 638.4 3.9 4.9 2.2 5.1 6.0 4.9 6.5 6.3 5.9 5.9 4.8 2.9 15.9 5.6 3.6 4.0 7.2 5.6 8.1 20.5 13.7 25.7 30.3 24.8 30.0 50.4 61.0 56.9 38.2 38.4 19.9 30.0 36.0 25.6 (3) 3.6 3.7 3.8 3.9 4.0 4.2 4.3 4.4 4.6 4.8 4.9 5.1 5.6 5.8 6.0 6.2 7.8 10.1 13.4 15.4 17.2 20.6 25.0 29.4 43.2 55.6 58.8 53.8 44.3 36.6 26.5 26.4 29.6 30.6 (4) 3.8 -.6 3.1 2.8 2.9 3.5 .5 0 -.6 2.3 .1 1.3 12.0 5.0 4.4 26.8 50.8 64.8 57.3 36.8 23.2 70.9 84.6 12.3 120.8 166.9 18.0 -78.4 -65.6 -78.2 -74.9 21.3 30.0 -.6 Closing stock (1+2-3+4) Opening stock Additions Depletion Closing stock r (6+7-8) (5) RevaluDepleation adtion justment (6) (7) (8) (9) 674.6 680.4 692.7 684.7 693.3 705.4 710.0 722.8 736.0 744.0 750.6 745.4 726.1 798.5 788.1 767.7 751.8 743.5 728.4 712.7 720.8 713.4 719.7 728.9 721.6 709.3 702.8 701.9 710.4 710.8 717.3 708.2 711.3 719.0 27.0 33.5 17.7 31.5 35.1 30.2 37.8 39.0 36.6 37.0 28.8 18.4 94.4 26.7 18.9 21.0 26.5 18.3 17.9 40.4 27.3 40.1 42.5 27.8 22.5 26.6 33.8 41.4 33.4 38.4 25.3 38.7 42.9 30.0 22.3 23.6 24.3 24.7 25.4 26.5 27.4 28.2 30.1 31.5 32.8 34.0 35.7 35.4 35.7 35.7 34.4 33.1 33.2 33.5 34.8 35.8 36.1 36.7 35.7 34.6 37.1 36.9 36.2 36.6 37.0 36.3 36.5 36.4 680.4 692.7 684.7 693.3 705.4 710.0 722.8 736.0 744.0 750.6 745.4 726.1 798.5 788.1 767.7 751.8 743.5 728.4 712.7 720.8 713.4 719.7 728.9 721.6 709.3 702.8 701.9 710.4 710.8 717.3 708.2 711.3 719.0 118.8 119.3 120.8 124.8 129.7 133.8 136.4 138.3 139.0 142.3 142.4 141.4 163.6 168.4 170.4 195.0 245.2 305.5 357.5 399.4 419.1 495.1 584.9 592.7 700.3 862.0 882.1 806.8 735.1 658.7 577.1 602.0 638.4 632.9 711.5 1. Because of the simplifying assumptions used in the calculation of stocks for this method, closing stocks are not necessarily equal to opening stocks plus additions less depletion. For most years, the differences are very small SURVEY OF CURRENT BUSINESS Table B.—Alternative Rates of Return, Averages for 1958-91 [Percent] IEESA based NIPA based Current rent I Current rent II PDV 3% rate PDV 10% rate Mining industries . 23.1 5.2 3.5 4.0 5.0 Total private capital 16.1 14.9 14.1 14.4 14.8 NOTE.—In general, rates of return are some measure of income divided by some measure of capital stock. For the NIPA-based estimates, income is defined as property-type income (profits, rents, net interest plus indirect business taxes), and capital stock is defined as structures, equipment, and inventories. In the alternative IEESA methods, income is also defined as property-type income, but depletion is subtracted from profits, and the value of additions is added; IEESA capital stock is defined as structures, equipment, and inventories plus the vaiue of mineral resources. PDV Present discounted value The replacement-cost estimates produced the lowest values among all the estimates for gas. The transactions-price estimates produced the lowest values for oil. For some of the subsoil asset estimates, especially those employing the current rent method based on a normal return to invested capital, the resource stock values and stock changes are quite low. In certain industries, especially the metals industries, the estimates were negative (indicated with an asterisk in the tables). These negative values indicate that the gross rents in these industries are so low that any procedure that assumes a normal return to capital in that industry must attribute a negative residual rent to the resource if total factor returns are to add up to market output. One can imagine an alternative procedure that assumes a normal return plus a depletion allowance and derives a negative residual for the invested capital associated with the resource. APPENDIX: DATA SOURCES A N D M E T H O D S Current-Dollar Estimates Petroleum and natural gas Prices and quantities.—The basic commodity prices used are the average wellhead prices for oil and gas from the American Petroleum Institute (API). The wellhead price for gas includes rents attributable to natural gas liquids (NGL) that, depending on market conditions, may be separated downstream. Oil production quantities are from API and the Department of Energy (DOE) and include both crude production and lease condensate production, both in millions of barrels. Natural gas production is marketed production from API and DOE. Marketed production has not yet undergone the extraction of NGL. Total rev- enue for oil and gas production is calculated as price times quantity produced. Reserve estimates are from API and DOE for crude oil and dry gas. The reserve volumes for oil and gas were augmented for reserves of NGL, which are reported separately. Additions were set equal to additions from DOE and API plus any residual change in stocks not accounted for by reported flows. The residual arises out of discontinuities in the estimates caused by the different reserve estimation methods used over the last 40 years. The basic commodity price data used are yearly average prices. The large fluctuation in commodity prices, however, makes them unstable and thus unsuitable for estimating the average or expected returns that investors presumably have in mind in determining the appropriate price for long-lived assets such as mineral reserves. In order to smooth the estimates, a 3-year lagged average of the yearly average prices is used as the midyear market price. Costs.—Data on current production expenditures and ad valorem and windfall profits taxes are from API'S Survey of Oil and Gas Expenditures (SOGE) and, for 1972-81, the Census Bureau's Annual Survey of Oil and Gas (ASOG). "Finding costs" are obtained as a 3-year moving average of development expenditures per unit of reserve added; the source data are from the SOGE and the ASOG. For years not covered by the SOGE, estimates of costs were interpolated using an indicator series. Capital stock.—The capital stock, depreciation, and investment estimates are from BE A. BE A defines investment and capital for mining industries differently from standard industry practice, BEA investment includes capital equipment, structures, and all exploration and development expenditures, even those expenditures that are treated as current expenses by operators, NIPA capital and investment estimates are available as an aggregate for oil and gas extraction (sic 13). The portion of capital for four-digit sic industry 1321, natural gas liquids, was removed from this series, as this capital is not used in the extraction of oil or gas. Rather, natural gas liquids, a small piece of sic 13, is a downstream process. The capital stock of the other four-digit components of sic 13 is considered a part of the capital required for the extraction of oil and gas; for example, oil and gas field exploration services, sic industry 1382, is used as inputs for oil and gas extraction. April 1994 • 6l SURVEY OF CURRENT BUSINESS 62 • April 1994 The NIPA investment series for oil and gas extraction from 1959-91 was disaggregated into oil extraction and gas extraction using the ratio of expenditures for successful oil wells drilled to expenditures for successful gas wells drilled. For 1947-58, expenditure ratios for oil wells and gas wells were estimated using the number of successful oil wells and gas wells drilled. These two investment series were then used to generate current- and constant-dollar capital stock and depreciation estimates for oil extraction and for gas extraction. Other minerals Inconsistencies in data and a paucity of data for nonbenchmark years present substantial difficulties in making estimates for other minerals. The data that do exist are often classified incongruently, or the definitions for series change over time. For example, Census Bureau data—which are the only comprehensive data available on production, costs, and revenues—are on an sic basis; BE A data on capital stocks are on an sic basis but at a more aggregate level than the Census data; and Bureau of Mines and DOE data on reserves, production quantities, and prices are on a commodity basis. Prices and quantities.—For most minerals, the basic commodity prices used are 3-year lagged averages of the value of production divided by the quantity produced for metals and other minerals from the Bureau of Mines or DOE. For other minerals, a combination of available data on prices, quantities produced, or value of production is used to derive missing data on prices or value of production. Total revenue from current production is equal to the average price times the quantity produced. Changing definitions for mineral reserve quantities present significant problems for the construction of consistent time series for mineral reserves. Prior to 1978, reserves were defined by the Bureau of Mines as economic reserves, both demonstrated and inferred; between 1979 and 1986, reserve base was the preferred definition, and this comprised demonstrated (but not inferred) economic reserves, marginal economic reserves, and part of subeconomic reserves; since 1987, only demonstrated economic reserves are included in the definition of reserves. Only the last definition is roughly consistent with proved reserves in oil and gas. The published estimates showed such large year-to-year changes—even within subperiods in which re- serve definitions were unchanged—that BEA has attempted to develop a consistent, or at least smoothed, time series for these minerals. The BEA series use a weighted average that is based on a constant output-to-reserve ratio and on a judgmentally scaled moving average of published reserves. (Uranium reserves are based on a different method that splices DOE'S forward-cost categories to construct a consistent time series.) Costs.—Consistent data on production expenditures—current variable costs of extraction, including purchased services—were derived from the Census Bureau's minerals industries data and from BEA'S benchmark input-output data. Capital stock—For census years between 1958 and 1991, data on investment in plant, equipment, and exploration and development were derived from the Census Bureau's Census of Mineral Industries. These investment data were then used to construct industry-specific capital stock estimates for mineral industries at a level of detail greater than that at which BEA normally produces estimates. Constant-Dollar Estimates Constant-dollar estimates for petroleum, natural gas, and other minerals use 1987 as the base year. The base-year estimate for resource rent: was used to calculate constant-dollar series for the following methods: Current rent, present discounted value, and, for a shorter period, transactions price. For each method, the 1987 per-unit resource rent for the value of depletion was multiplied by the physical volume of depletion and additions to derive the value of depletion and additions, respectively. The constant-dollar value of the resource stock is the product of the 1987 perunit resource rent and the end-of-year volume of reserves. REFERENCES 1. Adelman, M. A., Harindar De Silva, and Michael F. Koehn. "User Cost in Oil Production." Resources and Energy 13 (1991): 217-240. 2. Adelman, M. A., John C. Houghton, Gordon M. Kaufman, and Martin B. Zimmerman. Energy Resources in an Uncertain Future, Cambridge, MA: Ballinger, 1983. 3. Ahmad, Yusuf J., Salah El Serafy, and Ernst Lutz, editors. Environmental Accounting for SURVEY OF CURRENT BUSINESS Sustainable Development. Washington, DC: The World Bank, 1989. 4. Boskin, Michael J., Marc S. Robinson, Terrance O'Reilly, and Praveen Kumar. "New Estimates of the Value of Federal Mineral Rights and Land." American Economic Review 75, no. 5 (December 1985): 923-936. 5. Gordon, Patrice L., and Raymond Prince. "Greening the National Accounts." Congressional Budget Office, March 1994. 6. El Serafy, Salah. "The Proper Calculation of Income From Depletable Natural Resources." In Environmental Accounting for Sustainable Development, edited by Yusuf J. Ahmad, Salah El Serafy, and Ernst Lutz, 10-18. Washington, DC: The World Bank, 1989. 7. El Serafy, Salah, and Ernst Lutz. "Environmental and Resource Accounting: An Overview." In Environmental Accounting for Sustainable Development, edited by Yusuf J. Ahmad, Salah El Serafy, and Ernst Lutz, 1-7. Washington, DC: The World Bank, 1989. 8. Ferran, Bernardo. "Corporate and Social Accounting for Petroleum." Review of Income and Wealth (March 1981): 104. 9. Grambsch, Anne E., and R. Gregory Michaels, with Henry M. Peskin. "Taking Stock of Nature: Environmental Accounting for Chesapeake Bay." In Toward Improved Accounting for the Environment, edited by Ernst Lutz, 184-197. Washington, DC: The World Bank, 1993. 10. Hartwick, John R. "Natural Resources, National Accounting and Economic Depreciation." Journal of Public Economics 43, no. 3 (December, 1990): 291-304. 11. Hartwick, John, and Anja Hageman. "Economic Depreciation of Mineral Stocks and the Contribution of El Serafy." In Toward Improved Accounting for the Environment, edited by Ernst Lutz, 211-235. Washington, DC: The World Bank, 1993. 12. Hotelling, Harold. "The Economics of Exhaustible Resources." Journal of Political Economy 39, no. 2 (1931): 137-175. 13. Jaszi, George. "Review: An Economic Accountant's Ledger," in "The Economic Accounts of the United States: Retrospect and Prospect." SURVEY OF CURRENT BUSINESS 51, no. 7, Part 11, 50th anniversary issue (July 1971): 221-225. 14. Jaszi, George. "The Conceptual Basis of the Accounts: A Re-examination." In A Critique of the United States Income and Product Accounts. Studies in Income and Wealth, vol. 22, 93-94. New York: University Press, 1958. 15. Landefeld, J. Steven, and James R. Hines. "Valuing Non-Renewable Natural Resources in the Mining Industries." Review of Income and Wealth 31, no. 1 (March 1985): 1-20. 16. Lutz, Ernst, editor. Toward Improved Accounting for the Environment Washington, DC: The World Bank, 1993. 17. Lutz, Ernst, and Henry M. Peskin. "A Survey of Resource and Accounting Approaches in Industrialized Countries." In Toward Improved Accounting for the Environment, edited by Ernst Lutz, 144-176. Washington, DC: The World Bank, 1993. 18. Nordhaus, William D. "The Allocation of Energy Resources." Brookings Papers on Economic Activity 3 (1973): 529-570. 19. Nordhaus, William D., and James Tobin. "Is Growth Obsolete?" In The Measurement of Economic and Social Performance. Studies in Income and Wealth, vol. 38, edited by Milton Moss, 509-532. New York: Columbia University Press, 1973. 20. Organisation for Economic Co-operation and Development, Department of Economics and Statistics. "Extending National Accounting With Regard to Natural and Environmental Resources and to Expenditure on Pollution Abatement: An Overview of the Recent International Discussion." Paper distributed at the meeting of National Accounts Experts, Paris, June 14, 1991. 21. Paddock, James L., Daniel R. Siegel, and James L. Smith. "Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases." Quarterly Journal of Economics 98, no. 3 (August 1991): 479-508. 22. Peskin, Henry M. "A Proposed Environmental Accounts Framework." In Environmental Accounting for Sustainable Development, edited by Yusuf J. Ahmad, Salah El Serafy, and Ernst Lutz. Washington, DC: The World Bank, 1989. 23. Peskin, Henry M., with Ernst Lutz. "A Survey of Resource and Environmental Accounting Approaches in Industrialized Countries." In Toward Improved Accounting for the Environment, edited by Ernst Lutz, 144-176. Washington, DC: The World Bank, 1993. 24. Rasmussen, Jon A. "Finding Costs and the Make-or-Buy Decision for Oil and Gas Producers in 1982-1986." Petroleum Accounting April 1994 • 63 64 • April 1994 SURVEY OF CURRENT BUSINESS and Financial Management Journal 11, no. 2 (Summer 1992): 60-92. 25. Repetto, Robert, William Magrath, Michael Wells, Christine Beer, and Fabrizo Rossini. Wasting Assets: National Resources in the National Income Accounts. Washington, DC: World Resources Institute, June 19890 26. Soladay, John J. "Measurement of Income and Product in the Oil and Gas Mining Industries." In The Measurement of Capital. Studies in Income and Wealth, vol. 45, 347376. Chicago: The University of Chicago Press, 1980. 27. Solow, Robert. "An Almost Practical Step Toward Sustainability." Print of an invited lecture on the occasion of the 40th anniversary of Resources for the Future. October 8, 1992. Washington, DC: Resources for the Future. 28. Stauffer, Thomas S. "Accounting for 'Wasting Assets3: Measurement of Income and Dependency in Oil-Renter States." Journal of Energy and Development 11, no. 1 (1986): 69-93. 29. United Nations. Agenda 21: Programme of Action for Sustainable Development. Department of Public Information. New York: United Nations, 1992, chapters 8 and 40. 30. United Nations. Integrated Environmental and Economic Accounting (interim version). Studies in Methods, Handbook of National Accounting, series F, no. 61. New York: United Nations, 1993. 31. System of National Accounts 1993. Brussels: Commission of the European Communities, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, and World Bank, 1993. 32. United States Department of Commerce. Bureau of Economic Analysis. Fixed Reproducible Tangible Wealth in the United States, 1925-89. Washington, DC: U.S. Government Printing Office, January 1993. 33. United States Department of Commerce. Bureau of Economic Analysis. "Guidelines in Economic Accounting." SURVEY OF CURRENT BUSINESS 73, no. 2 (February 1993): 43-4434. World Commission on Environment and Development. Our Common Future. Oxford: Oxford University Press, 1987. 35. Wright, Gavin. "The Origins of American Industrial Success, 1879-1940." American Economic Review 80, no. 4 (September 1990): 651-668. Tables 1.1 through 5.4 follow. S! April 1994 SURVEY OF CURRENT BUSINESS • 65 Table 1.1.—Value of the Resource, Additions, and Depletion of Oil, Current Rent Method I (Rate of Return) Table 1.2.—Value of the Resource, Additions, and Depletion of Oil, Current Rent Method II (Value of Capital) [Billions of current dollars] [Billions of current dollars] 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions (1) Year () 2 26.1 34.9 37.4 38.8 39.6 36.3 38.9 43.2 48.2 47.6 46.3 47.2 43.3 42.1 41.8 40.8 42.0 41.3 40.4 40.0 42.5 41.6 40.5 55.7 55.3 51.2 77.9 86.8 104.7 118.7 124.1 137.9 192.5 295.4 298.3 382.4 481.6 454.1 332.1 226.1 144.7 80.2 91.9 123.3 2.4 5.7 4.5 4.1 6.4 3.5 4.3 4.0 4.6 4.6 3.5 4.1 5.2 3.3 3.5 2.9 3.1 3.6 4.0 3.9 4.1 3.3 2.8 16.7 3.3 2.1 3.6 3.8 3.5 4.2 13.4 9.8 7.1 19.0 20.6 19.8 54.9 62.1 43.9 16.1 23.1 6.1 6.0 9.2 5.3 Depletion Revaluation adjustment () 3 1.8 3.0 2.5 3.0 3.2 2.8 3.0 3.2 3.9 3.9 3.8 3.6 3.5 3.3 3.3 3.3 3.6 3.6 3.5 3.7 4.1 4.2 4.3 4.6 4.7 4.4 5.4 5.8 7.3 10.0 10.7 11.3 12.9 18.9 22.8 38.6 54.7 51.6 43.5 30.2 20.7 7.1 7.0 10.3 13.0 (4) Year (5) 26.1 6.1 .5 .3 -2.5 -3.9 34.9 37.4 38.8 39.6 36.3 1.2 3.6 4.2 -1.3 -1.0 38.9 43.2 48.2 47.6 46.3 47.2 43.3 42.1 41.8 40.8 42.0 41.3 40.4 40.0 42.5 41.6 40.5 55.7 55.3 51.2 77.9 86.8 104.7 A -5.6 -1.1 -.6 -.5 1.6 -.7 -1.4 -.6 2.5 -.1 .4 3.1 1.0 -1.8 28.5 10.9 21.7 19.8 2.7 15.4 60.4 102.8 5.2 102.9 118.7 124.1 137.9 192.5 295.4 -38.0 -122.4 298.3 382.4 481.6 454.1 332.1 -91.9 226.1 -83.9 -63.4 144.7 80.2 12.8 32.5 11.1 123.3 126.8 99.0 91.9 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 .... . . . Opening stock Additions (D Closing stock (1+2-3+4) (2) 31.3 40.9 45.6 46.8 48.5 46.1 49.7 55.5 60.3 61.0 61.4 65.4 62.6 62.2 61.5 60.4 60.2 595 58.9 57.7 58.8 56.8 54.8 80.7 80.6 78.4 94.9 121.9 149.0 164.8 178.1 194.9 257.2 362.5 396.2 496.9 579.3 547.7 435.6 325.9 241.2 187.5 215.4 250.6 3.0 6.7 5.5 4.9 7.8 4.5 5.5 5.2 5.8 6.0 4.7 5.7 7.4 4.8 5.2 4.3 4.5 5.2 5.9 56 . 5.7 4.6 38 . 23.7 4.9 3.3 4.7 6.0 5.5 6.1 19.6 14.7 10.8 26.2 30.2 26.3 65.4 74.2 55.4 21.9 34.2 15.9 16.4 20.2 10.3 Depletion Revaluation Closing stock adjustment (1+2-3+4) (3) 2.2 3.5 3.1 3.6 3.9 3.6 3.8 4.1 4.8 5.0 5.0 5.0 5.0 4.9 4.9 4.9 5.1 5.1 5.1 53 . 5.7 5.8 59 . 6.5 6.9 7.0 7.0 9.0 11.5 14.4 15.6 17.1 19.7 26.1 33.5 51.4 65.1 61.7 54.8 41.3 30.6 18.5 19.3 22.6 25.0 (4) 6.4 2.3 -.2 -2.3 -3.2 1.8 4.8 3.8 -.2 .7 3.3 -5.3 -.3 -1.0 -.6 .5 -.7 -1.3 15 . 1.1 .8 0 8.7 2.0 1.5 18.7 30.1 33.0 24.1 9.3 19.2 71.2 105.2 37.0 125.7 82.1 -44.1 -112.6 -90.4 -88.3 -51.1 30.8 37.6 5.8 (5) 31.3 40.9 45.6 46.8 48.5 46.1 49.7 55.5 60.3 61.0 61.4 65.4 62.6 62.2 61.5 60.4 60.2 59.5 58.9 57.7 58.8 56.8 54.8 80.7 80.6 78.4 94.9 121.9 149.0 164.8 178.1 194.9 257.2 362.5 396.2 496.9 579.3 547.7 435.6 325.9 241.2 187.5 215.4 250.6 241.7 SURVEY OF CURRENT BUSINESS 66 • April 1994 Table 1.3.—Value of the Resource, Additions, and Depletion of Oil, Present Discounted Value Method Using 3% Discount Rate Table 1.4.—Value of the Resource, Additions, and Depletion of Oil, Present Discounted Value Method Using 10% Discount Rate [Billions of current dollars] [Billions of current dollars] 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (2) (3) (4) (5) 26.8 35.0 39.0 40.0 41.4 39.5 42.5 47.5 51.6 52.2 52.5 56.0 53.5 53.2 52.6 51.6 51.5 50.9 50.4 49.3 50.3 48.6 46.9 69.0 68.9 67.1 81.3 104.8 128.3 142.3 154.1 169.0 223.6 315.9 346.0 435.0 508.3 481.7 383.9 287.9 213.6 166.4 191.1 222.4 5.3 4.4 3.9 6.2 3.6 4.4 4.1 4.6 4.8 3.7 4.5 5.9 3.8 4.2 3.5 3.5 4.1 4.7 4.4 4.5 3.7 3.1 18.9 3.9 2.6 4.0 5.1 4.7 5.2 16.5 12.4 9.1 22.1 25.4 22.2 55.0 62.5 46.6 18.5 28.8 13.4 13.8 17.0 8.7 1.8 2.8 2.5 2.8 3.1 2.9 3.0 3.3 3.8 4.0 4.0 4.0 4.0 3.9 3.9 3.9 4.0 4.1 4.1 4.2 4.5 4.6 4.7 5.2 5.5 5.5 5.6 7.2 9.2 11.6 12.6 13.9 16.1 21.4 27.5 42.3 54.0 51.0 45.7 34.4 25.5 15.6 16.2 19.0 21.0 5.7 2.1 -.1 -1.7 -2.7 1.7 4.2 3.3 -.1 .6 2.9 -4.4 -.3 -.9 -.5 .3 -.6 -1.1 -1.3 .9 -.8 -.1 8.4 1.5 1.1 15.9 25.6 28.1 20.4 7.9 16.4 61,6 91.6 32.2 109.1 72.2 -38.1 -98.6 -80.2 -77.7 -45.0 27.2 33.2 4.4 26.8 35.0 39.0 40.0 41.4 39.5 42.5 47.5 51.6 52.2 52.5 56.0 53.5 53.2 52.6 51.6 51.5 50.9 50.4 49.3 50.3 48.6 46.9 69.0 68.9 67.1 81.3 104.8 128.3 142.3 154.1 169.0 223.6 315.9 346.0 435.0 508.3 481.7 383.9 287.9 213.6 166.4 191.1 222.4 214.5 Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 . . 1956 1957 1958 1959 1960 1961 1962 1963 1964 . 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (D Opening stock (1) Year (2) (3) (4) (5) 19.8 25.8 28.8 29.5 30.6 29.1 31.3 35.0 38.0 38.5 38.7 41.3 39.5 39.2 38.8 38.1 37.9 37.5 37.1 36.4 37.1 35.8 34.5 50.9 50.8 49.4 60.2 77.9 95.8 106.7 116.0 127.7 169.7 240.7 264.7 334.1 391.9 372.8 298.3 224.6 167.2 130.8 150.2 174.8 3.4 2.8 2.5 4.0 2.3 2.8 2.6 3.0 3.1 2.4 2.9 3.8 2.5 2.7 2.2 2.3 2.7 3.0 2.9 2.9 1.1 1.8 1.6 1.8 2.0 1.8 2.0 2.1 2.5 2.6 2.6 2.6 2.6 2.5 2.5 2.5 2.6 2.6 2.6 2.7 2.9 2.4 3.0 .6 2.0 12.2 2.5 1.7 2.8 3.6 3.0 3.3 3.6 3.6 3.6 4.7 3.3 3.6 6.0 7.7 11.7 8.8 6.4 15.6 18.0 15.7 38.9 44.2 33.0 13.1 20.4 9.5 9.7 12.1 8.4 9.2 10.8 14.3 18.8 29.2 37.2 35.7 32.1 24.3 18.2 11.0 11.5 13.5 14.9 -.2 7.5 1.0 .5 11.6 18.8 20.7 14.9 6.0 12.2 46.2 69.7 24.9 82.9 56.1 -27.6 -75.4 -62.6 -59.5 -34.9 21.2 26.0 6.1 4.4 1.7 .1 -1.0 -1.9 1.4 3.1 2.5 0 .4 2.2 -3.0 -.2 -.6 -.4 .2 -.5 -.8 -.9 .7 2.5 19.8 25.8 28.8 29.5 30.6 29.1 31.3 35.0 38.0 38.5 38.7 41.3 39.5 39.2 38.8 38.1 37.9 37.5 37.1 36.4 37.1 35.8 34.5 50.9 50.8 49.4 60.2 77.9 95.8 106.7 116.0 127.7 169.7 240.7 264.7 334.1 391.9 372.8 298.3 224.6 167.2 130.8 150.2 174.8 168.5 April 1994 • SURVEY OF CURRENT BUSINESS Table 1.5.—Value of the Resource, Additions, and Depletion of Oil, Replacement Cost Method Table 2.1.—Value of the Resource, Additions, and Depletion of Gas, Current Rent Method I (Rate of Return) [Billions of current dollars] 6j [Billions of current dollars] 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (D Year (2) (3) (4) (5) 1.0 1.6 1.2 1.4 1.4 1.3 1.2 1.4 1.9 1.9 2.0 2.0 2.1 2.1 1.9 1.9 2.1 2.3 2.4 2.7 2.8 2.7 3.4 3.3 3.2 2.9 2.8 3.1 2.6 4.8 6.3 7.8 8.7 10.9 13.2 23.8 33.4 33.2 28.6 22.1 16.2 11.6 11.2 9.7 8.0 1.3 3.1 2.1 1.9 2.7 1.6 1.8 1.8 2.2 2.2 1.8 2.3 3.2 2.1 2.1 1.7 1.8 2.3 2.8 2.8 2.8 2.1 2.2 11.9 2.2 1.4 1.9 2.0 1.2 2.0 7.9 6.7 4.8 10.9 11.9 12.2 33.5 40.0 28.9 11.7 18.2 10.0 9.5 8.7 3.3 14.2 19.2 17.7 18.3 17.2 16.7 16.4 19.8 23.6 23.6 24.4 26.3 26.7 26.9 24.3 23.9 24.2 26.6 28.2 29.4 29.2 26.9 32.3 39.4 37.2 34.0 42.3 49.0 43.4 58.7 74.4 95.1 128.4 179.5 182.6 237.9 291.8 293.2 219.5 166.8 119.8 118.7 125.4 110.2 -2.5 -.8 -.8 3.1 3.4 -.4 .9 1.6 -.5 .2 -2.7 -.2 .6 2.4 1.3 1.0 -.1 -1.7 6.5 -1.5 -1.3 -1.7 9.2 7.7 -4.3 18.1 14.1 21.7 37.2 51.1 4.5 66.8 53.8 -5.4 -73.9 -42.4 -49.0 .5 8.4 -14.2 -27.6 [Billions of current dollars] Opening stock Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (1) 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 (2) (3) (4) (5) 93.7 113.4 150.2 154.0 152.1 121.7 81.4 72.0 66.0 58.2 35.7 13.2 17.2 37.1 10.8 7.5 7.2 16.6 12.4 9.4 8.8 10.4 7.0 4.1 5.8 1.4 1.2 1.6 2.2 8.6 8.7 13.2 16.5 13.8 18.4 8.8 8.6 7.0 7.7 5.1 1.6 1.5 1.8 5.3 20.9 42.7 3.7 -.5 -21.5 -40.3 -11.1 -6.1 -4.2 -23.1 -22.3 4.3 20.0 11.1 Depletion Revaluation adjustment Closing stock (1+2-3+4) (2) (3) (4) (5) 0 n n n n n . . . fl H 0 n 0 0 n h 0 n 8 *) n n .3 0 0 0 n n n .5 O 0 n n n 8 3.1 1.1 2.7 .3 ,1 2.7 2.6 4.1 .2 .3 .3 .1 .1 .2 1.8 -.3 1.5 .5 4.8 77 .3 .6 .3 .4 2.9 1.8 7.7 9.7 .8 .9 1.0 1.0 .9 1.0 .6 .4 1.9 .5 .3 .2 .2 .4 .7 2.3 2.3 3.9 6.3 .8 3.0 10.1 15.6 10.6 10.0 6.9 -.4 2.1 4.1 2.8 .5 .7 .8 .8 .8 .8 .9 1.0 1.1 1.1 .8 .8 .6 .8 2.1 3.6 4.1 5.4 5.2 .7 3.0 11.0 18.5 14.1 11.3 9.3 3.6 2.2 3.7 3.2 1.3 2.4 .2 -.7 11.2 13.9 14.3 13.9 13.3 14.3 14.2 14.2 15.8 15.0 11.6 14.0 15.8 21.1 38.2 51.7 59.1 77.9 86.7 41.3 61.5 161.6 209.8 140.9 105.1 78.6 30.3 24.7 35.3 31.1 3.1 9.7 11.2 13.9 143 13.9 13.3 14.3 14.2 14.2 15.8 15.0 11.6 14.0 15.8 21.1 38.2 51.7 59.1 77.9 86.7 41.3 61.5 161.6 209.8 140.9 105.1 78.6 30.3 24.7 35.3 .8 .2 .6 .8 -.2 -2.9 3.0 2.3 5.6 18.4 14.9 9.2 20.3 7.8 -45.6 20.2 100.9 51.1 -65.4 34 6 -24.0 -44.3 -5.5 10.1 -3.8 2.6 4.1 4.8 * Indicates that the calculated value of the entry was negative, resulting from a negative resource rent. Because a negative resource rent is simply the mechanical result of treating resource rent as a residual after the deduction of other factor payments, the values have been replaced by asterisks. Where the resource rent was negative in the base year (1987) for individual mineral types, the average for the 3 year period, 1987-89, was substituted for the 1987 rent for the purpose of calculating constant-dollar estimates shown in tables B.1 through B.4. Where the 1987-89 average was negative, a base year price of zero was used for the constant-dollar estimates. Table 1.6.—Value of the Resource, Additions, and Depletion of Oil, Transaction Price Method Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Additions (D 14.2 19.2 17.7 18.3 17.2 16.7 16.4 19.8 23.6 23.6 24.4 26.3 26.7 26.9 24.3 23.9 24.2 26.6 28.2 29.4 29.2 26.9 32.3 39.4 37.2 34.0 42.3 49.0 43.4 58.7 74.4 95.1 128.4 179.5 182.6 237.9 291.8 293.2 219.5 166.8 119.8 118.7 125.4 110.2 77.8 3.5 -2.4 .1 Opening stock Year 93.7 113.4 150.2 154.0 152.1 121.7 81.4 72.0 66.0 58.2 35.7 13.2 17.2 37.1 45.1 68 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.2.—Value of the Resource, Additions, and Depletion of Gas, Current Rent Method II (Value of Capital) Table 2.3— Value of the Resource, Additions, and Depletion of Gas, Present Discounted Value Method Using 3% Discount Rate [Billions of current dollars] [Billions of current dollars] 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 ... .. 1989 1990 1991 Opening stock Additions (1) Year (2) 6.1 7.2 7.5 7.7 8.1 8.6 10.6 12.8 15.7 17.1 18.2 20.7 21.4 23.9 26.0 28.1 29.7 30.1 30.1 29.6 30.7 29.9 28.2 30.9 29.4 27.8 29.2 35.2 48.9 67.8 85.1 99.9 126.1 145.6 138.8 217.3 326.9 344.1 295.3 259.3 202.2 134.2 129.5 136.9 0.3 .5 .4 .5 .6 .5 .9 .5 1.4 1.7 1.4 1.4 1.6 1.2 0.1 .2 .2 .2 .3 .3 .4 .5 .6 .7 .7 .8 .9 1.1 1.6 1.9 1.9 2.1 2.2 2.0 2.2 1.2 1.3 1.9 2.0 2.2 2.3 2.2 2.2 2.4 3.2 4.8 .8 3.8 1.0 .9 .6 .9 1.7 1.8 4.3 4.6 7.7 13.7 12.1 16.7 22.3 25.7 20.6 21.5 14.9 -1.8 12.4 16.1 12.2 1.3 1.5 1.6 1.6 1.7 1.8 6.9 8.3 10.6 11.3 10.6 16.9 24.2 30.5 27.4 24.1 20.3 14.7 13.1 14.3 14.0 Revaluation adjustment (5) .7 .1 -.1 .1 .3 1.5 2.2 2.0 .5 .5 1.8 .1 2.4 1.8 1.5 1.1 -.1 -.8 .7 _2 -.4 1.1 -.3 -.3 3.0 7.5 15.1 22.0 19.9 18.5 29.1 17.2 -8.4 78.8 111.5 22.0 -42.0 -33.3 -51.8 -51.4 -4.1 5.7 -2.3 6.1 7.2 7.5 7.7 8.1 8.6 10.6 12.8 15.7 17.1 18.2 20.7 21.4 23.9 26.0 28.1 29.7 30.1 30.1 29.6 30.7 29.9 28.2 30.9 29.4 27.8 29.2 35.2 48.9 67.8 85.1 99.9 126.1 145.6 138.8 217.3 326.9 344.1 295.3 259.3 202.2 134.2 129.5 136.9 132.8 Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 .... . Opening stock Additions Depletion (1) Closing stock (1+2-3+4) (4) Depletion (2) (3) 5.2 6.1 6.4 6.6 6.9 7.3 9.1 11.0 13.4 14.6 15.6 17.7 18.3 20.4 22.3 24.1 25.4 25.7 25.8 25.3 26.2 25.6 24.2 26.5 25.1 23.8 25.0 30 3 42.1 58.5 73.7 86.6 109.6 126.9 121.2 190.2 286.9 302.6 260.3 229.1 179.0 119.1 114.9 121.5 .4 .3 .4 .5 .4 .7 .4 1.1 1.3 1.1 1.1 1.3 .9 1.3 1.6 1.5 1.7 1.7 1.6 1.7 1.1 . 6 3.0 .8 .7 .5 .8 1.4 1.5 3.6 3.9 6.5 11.7 10.2 14.1 18.7 21.6 17.3 18.1 12.6 -1.5 10.4 13.5 10.3 0.1 .2 .2 .2 .2 .2 .3 .4 .5 .5 .6 .7 .7 .8 .0 .1 ? .3 .3 .3 14 15 . 16 . 1.7 1.8 1.8 1.8 1.9 2.6 3.9 5.5 6.8 8.7 9.4 8.7 13.9 20.0 25.2 22.8 20.1 16.9 12.4 11.0 12.0 11.8 Revaluation Closing stock adjustment (1+2-3+4) (4) .6 .1 -.1 .1 2 1.3 1.9 1.8 .4 .4 1.6 .1 2.1 1.5 1.3 1.0 1 -.4 -.7 .6 -.2 -4 . 1.0 -.4 -.3 2.5 6.4 12.9 18.8 17.0 15.9 25.2 15.0 -7.2 68.9 97.9 19.3 -36.8 -29.2 ^5.8 -46.0 -3.7 51 . -2.2 (5) 5.2 6.1 6.4 6.6 6.9 7.3 9.1 11.0 13.4 14.6 15.6 17.7 18.3 20.4 22.3 24.1 25.4 25.7 25.8 25.3 26.2 25.6 24.2 26.5 25.1 23.8 25.0 30.3 42.1 58.5 73.7 86.6 109.6 126.9 121.2 190.2 286.9 302.6 260.3 229.1 179.0 119.1 114.9 121.5 117.8 April 1994 • SURVEY OF CURRENT BUSINESS 69 Table 2.4.—Value of the Resource, Additions, and Depletion of Gas, Present Discounted Value Method Using 10% Discount Rate Table 2.5.—Value of the Resource, Additions, and Depletion of Gas, Replacement Cost Method [Billions of current dollars] [Billions of current dollars] 1947 . 1948 . 1949. 1950. 1951 . 1952 . 1953. 1954. 1955 . 1956 . 1957. 1958. 1959. 1960. 1961 . 1962 . 1963 . 1964. 1965 . 1966. 1967. 1968. 1969. 1970 . 1971 . 1972 . 1973. 1974 . 1975 . 1976 . 1977 . 1978. 1979 . 1980 . 1981 . 1982. 1983 . 1984. 1985 . 1986. 1987. 1990. 1991 . Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (2) (3) (4) Opening stock (5) 3.9 4.5 4.7 4.8 5.1 5.4 6.7 8.1 9.9 10.8 11.5 13.0 13.5 .3 .2 .2 .3 .3 .5 .3 .7 .9 .7 .7 .8 .6 .8 1.0 15.1 16.4 17.7 18.7 19.0 1.0 1.1 1.1 19.0 1.0 18.7 19.3 18.8 17.8 19.5 18.5 1.1 .7 .4 1.9 .5 .5 .3 .5 1.0 0.1 .1 .1 .1 .1 .2 .2 .2 .3 .4 .4 .4 .5 .5 .6 .7 17.5 18.5 22.5 31.4 43.9 55.5 65.5 83.2 96.7 92.7 146.1 221.2 234.2 202.2 178.7 140.1 93.6 90.3 95.5 1.0 2.6 2.7 4.6 8.2 7.2 9.9 13.3 15.3 12.3 12.8 8.9 -1.0 7.4 9.6 7.3 .9 .9 1.0 1.0 1.1 1.2 1.1 1.1 1.3 1.7 2.6 3.7 4.5 5.8 6.3 6.0 9.6 13.8 17.6 16.0 14.2 12.1 8.8 7.8 8.5 8.3 .5 .1 0 .1 .2 1.0 1.4 1.4 .4 .4 1.2 .1 1.5 1.2 1.0 .8 0 -.3 -.5 .5 -.2 -.4 .9 -.4 -.3 1.8 4.7 9.6 14.0 12.7 11.8 18.9 11.6 -5.2 53.1 75.6 15.4 -28.2 -22.2 -35.4 -36.7 -2.9 4.1 -1.8 3.9 4.5 4.7 4.8 5.1 5.4 6.7 8.1 9.9 10.8 11.5 13.0 13.5 15.1 16.4 17.7 18.7 19.0 19.0 18.7 19.3 18.8 17.8 19.5 18.5 17.5 18.5 22.5 31.4 43.9 55.5 65.5 83.2 96.7 92.7 146.1 221.2 234.2 202.2 178.7 140.1 93.6 90.3 95.5 92.6 Year Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) (1) Opening stock (D Year (2) (3) (4) (5) 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 n n n n n n n n n a 0 n n 0 n n n 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 0 0 n n n n n 8 1.8 1.3 1.6 n n n n n n n i(2 8 n n n n n n .1 0 .1 .2 0.1 .7 O .1 0 .1 1.3 1.6 .7 .2 .9 0 .8 1.5 2.0 .3 .1 .2 4.7 .4 .3 6.1 72 .5 5 .4 .3 6.4 .4 .4 .2 1.5 2.0 4.7 6.1 7.2 6.4 6.6 6.6 4.9 .3 .3 -1.8 4.9 .1 n n n n n n n n n n n n n n n n n n 1.0 n n n n n n n n n 8 2.8 5.5 2.0 8.2 10.7 9.4 9.0 9.2 6.6 6.2 6.8 6.6 n n n n n n n n n n n n n n n n n n n n n n n 7.7 5.8 81.2 112.5 120.5 95.3 87.5 85.6 61.8 62.0 65.1 O 8 3.4 2.3 5.5 7.5 9.0 7.1 8.0 6.8 5.9 5.9 27.6 53.9 48.3 .5 2.6 1.4 .9 -1.0 1.0 0 27.6 53.9 81.2 48.3 112.5 120.5 95.3 87.5 85.6 61.8 62.0 65.1 62.1 25.7 -5.8 33.0 31.9 9.7 -22.8 -6.9 .6 -23.1 .5 2.3 -2.2 * Indicates that the calculated value of the entry was negative, resulting from a negative resource rent. Because a negative resource rent is simply the mechanical result of treating resource rent as a residual after the deduction of other factor payments, the values have been replaced by asterisks. Where the resource rent was negative in the base year (1987) for individual mineral types, the average for the 3 year period, 1987-89, was substituted for the 1987 rent for the purpose of calculating constant-dollar estimates shown in tables B.1 through B.4. Where the 1987-89 average was negative, a base year price of zero was used for the constant-dollar estimates. Table 2.6.—Value of the Resource, Additions, and Depletion of Gas, Transaction Price Method [Billions of current dollars] Opening stock 1977 1978 1979 . 1980 1981 1982 1983 1984 1985 1986 . 1987 ... 1988 1989 1990 1991 ... . . Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) d) Year (2) (3) (4) (5) 129.5 144.8 186.8 198.1 210.6 184.6 141.0 126.8 118.7 115.9 81.2 42.7 44.0 67.2 7.7 6.3 12.2 24.8 20.4 21.4 10.1 10.1 7.4 9.6 6.5 -.6 4.2 5.5 8.1 12.2 11.4 16.8 20.5 17.9 21.7 11.0 12.0 9.9 10.7 8.8 4.9 4.4 4.9 9.3 20.3 46.7 7.0 10.0 -25.7 -42.7 -12.3 -5.6 -1.7 -32.3 -33.0 1.5 22.5 16.3 129.5 144.8 186.8 198.1 210.6 184.6 141.0 126.8 118.7 115.9 81.2 42.7 44.0 67.2 82.3 JO • April 1994 SURVEY OF CURRENT BUSINESS Table 3.1.—Value of the Resource, Additions, and Depletion of Coal, Current Rent Method I (Rate of Return) Table 3.3.—Value of the Resource, Additions, and Depletion of Coal, Present Discounted Value Method Using 3% Discount Rate [Billions of current dollars] [Billions of current dollars] 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion (D Year (2) (3) 0.2 .2 .1 .4 .5 .7 .7 .7 .6 .5 .5 .4 .5 .5 .5 .6 1.5 2.3 3.0 4.2 .6 11.8 6.9 2.4 5.9 .1 6.1 7.7 7.5 4.4 5.8 4.5 7.0 4.6 9.8 9.7 11.5 12.5 13.0 14.4 16.3 16.2 16.0 15.3 14.1 13.0 13.1 15.6 15.3 16.8 24.9 41.9 61.5 75.1 77.5 66.2 83.3 92.2 91.9 100.4 103.2 127.0 134.4 140.7 143.0 138.3 134.9 137.5 Revaluation Closing stock adjustment (1+2-3+4) (5) (4) 0.2 .3 .3 .3 .4 .4 .4 .4 .4 .4 .4 .3 .4 .4 .5 .5 1.0 1.7 2.4 2.5 2.1 2.6 3.0 3.0 3.3 3.4 4.8 4.9 5.1 5.4 5.3 5.3 5.6 5.3 9.7 11.5 12.5 13.0 14.4 16.3 16.2 16.0 15.3 14.1 13.0 13.1 15.6 15.3 16.8 24.9 41.9 61.5 75.1 77.5 66.2 83.3 92.2 91.9 100.4 103.2 127.0 134.4 140.7 143.0 138.3 134.9 137.5 134.4 -0.1 1.8 1.2 .4 1.3 1.7 -.5 -.4 -.8 -1.3 -1.3 0 2.5 -.3 1.4 8.0 16.5 18.9 13.0 .7 -9.9 7.9 4.9 .4 5.9 6.1 22.4 4.6 4.0 3.2 -5.2 -2.5 1.2 -2.4 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 .. 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion (1) Year (2) (3) 0.4 .4 .2 .6 .7 .8 .9 .9 .8 .7 .8 .6 .7 .8 .9 1.1 2.2 3.0 3.8 5.7 1.0 18.8 11.2 4.0 9.7 .2 8.0 9.7 9.2 5.3 6.9 5.4 8.2 5.5 19.4 19.2 19.9 20.2 20.7 21.4 22.2 21.7 21.3 20.7 20.2 20.4 21.3 23.7 26.6 29.2 38.7 57.1 79.1 96.1 107.7 110.3 134 4 151.2 158 9 169 0 170.4 175.3 180 0 183.4 180 8 174.9 169.7 169.3 Revaluation Closing stock adjustment (1+2-3+4) (4) 0.4 .4 .5 .5 .5 .5 .6 .6 .6 .5 .5 .6 .6 .7 .8 .9 1.4 2.1 2.9 3.3 3.3 4.1 4.7 5.0 5.3 5.2 6.1 6.1 6.2 6.4 6.3 6.3 6.5 6.3 (5) 19.2 19.9 20.2 20.7 21.4 22.2 21.7 21.3 20.7 20.2 20.4 21.3 23.7 26.6 29.2 38.7 57.1 79.1 96.1 107.7 110.3 134.4 151.2 158.9 169.0 170.4 175.3 180.0 183.4 180.8 174.9 169.7 169.3 167.3 -0.1 .8 .6 .4 .4 .6 -.9 -8 -.7 -.7 -.1 .9 2.3 2.7 2.5 9.4 17.5 21.0 16.1 9.2 4.8 9.4 10.2 8.6 5.7 6.5 3.0 1.1 .3 -1.5 -6.4 -4.2 -2.0 -1.2 Table 3.2.—Value of the Resource, Additions, and Depletion of Coal, Current Rent Method II (Value of Capital) Table 3.4.—Value of the Resource, Additions, and Depletion of Coal, Present Discounted Value Method Using 10% Discount Rate [Billions of current dollars] [Billions of current dollars] 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion (D Year (2) (3) 22.7 22.4 23.2 23.6 24.2 25.0 26.0 25.4 24.9 24.2 23.6 23.8 24.9 27.7 31.1 34.1 45.2 66.4 91.8 111.3 124.5 127.2 154.6 173.5 181.9 193.0 194.2 199.4 204.3 207.7 204.2 197.2 191.3 190.8 0.5 .5 .3 .7 .9 1.0 1.2 1.1 1.0 .9 .9 .7 .9 1.0 1.1 1.3 2.6 3.6 4.6 6.8 1.2 22.3 13.3 4.8 11.5 .2 9.6 11.5 11.0 6.3 8.2 6.4 9.7 6.5 Revaluation Closing stock (1+2-3+4) adjustment (5) (4) 0.5 .6 .6 .6 .6 .7 .7 .7 .7 .7 .7 .7 .8 .8 1.0 1.1 1.7 2.6 3.6 4.1 4.0 5.0 5.7 6.0 6.4 6.3 7.4 7.4 7.4 7.6 7.5 7.5 7.8 7.5 -0.2 .9 .7 .5 .5 .6 -1.1 -.9 -.9 —9 -'1 1.1 2.7 3.2 2.9 10.9 20.3 24.4 18.6 10.4 5.5 10.1 11.3 9.7 6.1 7.3 3.0 .7 -.2 -2.1 -7.7 -4.7 2.4 -1.3 22.4 23.2 23.6 24.2 25.0 26.0 25.4 24.9 24.2 23.6 23.8 24.9 27.7 31.1 34.1 45.2 66.4 91.8 111.3 124.5 127.2 154.6 173.5 181.9 193.0 194.2 199.4 204.3 207.7 204.2 197.2 191.3 190.8 188.6 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 . 1971 1972 1973 . 1974 1975 1976 1977 1978 1979 . 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion (D Year (2) (3) 14.3 14.1 14.6 14.9 15.3 15.8 16.4 16.0 15.7 15.3 14.9 15.0 15.7 17.5 19.6 21.5 28.7 42.4 59.0 72.1 81.1 83.4 102.0 115.2 121.6 129.8 131.4 135.7 139.9 143.1 141.6 137.5 133.4 133.1 0.2 .2 .1 .4 .5 .5 .6 .6 .5 .5 .5 .4 .5 .5 .6 .8 1.6 2.2 2.7 4.0 .7 13.3 7.9 2.8 6.8 .1 5.7 6.9 6.5 3.7 4.9 3.8 5.8 3.9 Revaluation Closing stock (1+2-3+4) adjustment (5) (4) 0.3 .3 .3 .3 .3 .4 .4 .4 .4 .4 .3 .4 .4 .4 .5 .6 .9 1.4 1.9 2.2 2.2 2.7 3.1 3.4 3.7 3.6 4.3 4.3 4.4 4.5 4.5 4.5 4.6 4.4 -0.1 .5 .4 .3 .3 .4 -.6 -.5 -.5 -.5 0 .7 1.7 2.0 1.8 7.0 13.1 15.8 12.2 7.2 3.7 8.1 8.4 6.9 5.0 5.1 2.9 1.6 1.0 -.7 -4.5 -3.4 -1.5 1.0 14.1 14.6 14.9 15.3 15.8 16.4 16.0 15.7 15.3 14.9 15.0 15.7 17.5 19.6 21.5 28.7 42.4 59.0 72.1 81.1 83.4 102.0 115.2 121.6 129.8 131.4 135.7 139.9 143.1 141.6 137.5 133.4 133.1 131.5 SURVEY OF CURRENT BUSINESS Table 4.1.—Value of the Resource, Additions, and Depletion of All Metals, Current Rent Method I (Rate of Return) April 1994 Table 4.3.—Value of the Resource, Additions, and Depletion of All Metals, Present Discounted Value Method Using 3% Discount Rate [Billions of current dollars] [Billions of current dollars] 1958 .. . 1959 .. . 1960 .. . 1961 .. . 1962 .. . 1963 .. . 1964 .. . 1965 .. . 1966 .. . 1967 .. . 1968 .. . 1969 .. . 1970 .. . 1971 .. . 1972 .. . 1973 .. . 1974 .. . 1975 .. . 1976 .. . 1977 .. . 1978 .. . 1979 .. . 1980 .. . 1981 .. . 1982 .. . 1983 .. . 1984 .. . 1985 .. . 1986 .. . 1987 .. . 1988 .. . 1989 .. . 1990 .. . 1991 .. . Opening stock Additions Depletion (D Year (2) (3) Revaluation Closing stock adjustment (1+2-3+4) (4) -0.1 0 -1.3 1.3 2.4 1.0 2.3 1.6 1.5 1.2 1.2 -.1 1.3 1.5 .6 -.3 1.8 -1.4 0 .5 .3 0 0.2 .2 .4 .4 .4 .4 .5 .5 .6 .4 .5 .7 .8 .6 .7 .7 .7 .6 .8 .5 .4 .1 n n n 8 n n n 28.9 29.6 29.8 38.2 38.4 40.9 44.8 50.7 52.1 54.3 49.3 51.6 56.1 58.8 54.3 56.9 66.3 72.1 70.2 80.2 42.6 49.7 15.2 O 0 O 0 90.1 125.6 141.9 29.6 29.8 38.2 38.4 40.9 44.8 50.7 52.1 54.3 49.3 51.6 56.1 58.8 54.3 56.9 66.3 72.1 70.2 80.2 42.6 49.7 15.2 1.0 .5 10.1 _y .5 3.3 4.1 .4 1.2 -5.8 1.5 5.3 2.2 -5.3 2.7 10.4 4.7 .2 10.7 -37.6 7.2 -34.4 n n 8 n 8 8 n 8 n n 8 n 0 2.2 4.8 7.7 8.6 6.6 n 3,0 1.0 1.8 2.3 2.2 Opening stock n n n n 38.5 90.1 125.6 141.9 154.5 47.9 29.7 10.1 of the entry was negative, resulting from a negative resource rent. Because 8.2 mechanical result of treating resource rent as a residual after the deduction * Indicates that the calculated value a negative resource rent is simply the of other factor payments, the values have been replaced by asterisks. Where the resource rent was negative in the base year (1987) for individual mineral types, the average for the 3 year period, 1987-89, was substituted for the 1987 rent for the purpose of calculating constant-dollar estimates shown in tables B.1 through B.4. Where the 1987-89 average was negative, a base year price of zero was used for the constant-dollar estimates. 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 . . .. . . . . (1) 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 ... 1972 1973 1974 1975 1976 1977 1978... 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 .. 1989 ... 1990 1991 Depletion (2) (3) 60.8 61.0 62.7 61.9 65.2 70.4 74.0 78.7 82.2 85.0 88.4 92.1 94.8 100.3 107.2 111.5 118.0 135.3 153.6 171.3 185.7 176.1 167.0 148.0 113.8 76.1 115.2 147.2 184.5 215.3 244.8 251.9 270.1 280.1 -0.1 -.1 -2.1 2.1 4.1 1.6 3.5 2.5 2.4 2.3 2.3 .2 2.4 3.8 1.3 -.1 2.2 -1.9 .7 2.9 1.4 1.6 -2.2 -4.8 -3.3 -2.3 -6.2 7.3 9.2 9.2 10.9 14.6 14.1 13.6 0.8 2.3 1.9 1.9 1.8 2.7 2.0 1.9 1.4 1.8 2.3 3.6 4.3 4.2 4.2 7.8 16.5 21.6 18.8 13.1 -9.3 -9.1 -15.4 -28.2 -33.9 42.2 39.3 31.4 23.2 22.5 -.8 7.2 0 -1.8 (4) 0.4 .4 .5 .5 .5 .6 .6 .7 .7 .6 .7 .9 1.0 .9 1.0 1 1 1.1 1.2 14 1.3 1.4 1.3 1.1 1.0 .4 .6 .9 1.2 1.3 1.8 2.4 3.1 3.4 3.3 (5) 61.0 62.7 61.9 65.2 70.4 74.0 78.7 82.2 85.0 88.4 92.1 94.8 100.3 107.2 111.5 118.0 135.3 153.6 171.3 185.7 176.1 167.0 148.0 113.8 76.1 115.2 147.2 184.5 215.3 244.8 251.9 270.1 280.1 288.0 1958 1959 1960 1961 . 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 . 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 .... . Additions Depletion d) Revaluation Closing stock adjustment (1+2-3+4) (4) 0.5 .5 .7 .7 .7 .7 .8 .8 .9 .8 .9 1.1 1.2 1.1 1.2 1.3 1.4 1.5 1.7 1.6 1.7 1.6 1.4 1.2 .4 .7 1.1 1.4 1.6 2.2 2.9 3.6 4.1 3.9 (3) -0.1 -.1 -1.7 1.7 3.3 1.3 2.8 2.0 1.9 1.9 1.8 .2 1.9 3.1 1.1 -.1 1.8 1.6 .6 2.4 1.1 1.4 -1.8 -4.1 2.8 -2.0 -5.2 6.1 7.8 7.7 9.2 12.3 11.8 11.5 52.0 52 2 53 6 52.9 55.8 60.2 63.3 67.3 70.3 72.7 75.6 78.8 81 1 85.8 91.7 95 4 101.2 116.2 132 3 147.9 160.7 152.7 145.2 129.0 99.4 66 7 101.1 129.5 162.6 190.2 216.7 223.6 239.7 248.6 Opening stock Year Additions (2) Revaluation Closing stock (1+2-3+4) adjustment (5) 52.2 53.6 52.9 55.8 60.2 63.3 67.3 70.3 72.7 75.6 78.8 81.1 85.8 91.7 95.4 101.2 116.2 132.3 147.9 160.7 152.7 145.2 129.0 99.4 66.7 101.1 129.5 162.6 190.2 216.7 223.6 239.7 248.6 255.6 0.7 1.9 1.5 1.7 1.7 2.3 1.9 1.7 1.3 1.6 2.1 3.0 3.7 3.8 3.6 6.9 14.4 18.8 16.4 11.7 -7.8 -7.6 -13.2 -24.6 -29.6 37.0 34.5 28.2 21.1 20.6 .1 6.9 .5 -1.2 [Billions of current dollars] [Billions of current dollars] Opening stock Depletion Table 4.4.—Value of the Resource, Additions, and Depletion of All Metals, Present Discounted Value Method Using 10% Discount Rate Table 4.2.—Value of the Resource, Additions, and Depletion of All Metals, Current Rent Method II (Value of Capital) Year Additions (D Year (5) (2) (3) 38.3 38.4 39.5 39.0 41.1 44.4 46.6 49.6 51.8 53.6 55.7 58.1 59.8 63.2 67.6 70.3 74.9 86.4 98.7 110.9 121.0 115.4 110.2 98.3 76.0 51.2 78.0 100.2 126.4 148.3 169.7 175.7 188.4 195.3 -0.1 -.1 -1.1 1.1 2.1 .8 1.8 1.3 1.2 1.2 1.2 .1 1.2 2.0 .7 0 1.3 -1.1 .4 1.7 .8 1.0 1.3 -2.9 -2.0 -1.4 -3.7 4.3 5.5 5.5 6.5 8.7 8.4 8.1 Revaluation Closing stock (1+2-3+4) adjustment (5) (4) 0.3 .3 .3 .3 .3 .4 .4 .4 .5 .4 .4 .6 .6 .6 .6 .7 .7 .8 .9 .8 .9 .9 .8 .7 .2 .4 .6 .8 .9 1.3 1.7 2.2 2.4 2.3 0.4 1.4 .9 .4 .5 1.8 .6 .4 .0 1.3 fi 2.2 2.8 3.0 2.7 5.3 11.0 14.2 12.6 9.2 -5.5 -5.3 -9.8 18.7 22.6 28.6 26.6 22.6 17.4 17.2 1.3 6.1 1.0 -.3 38.4 39.5 39.0 41.1 44.4 46.6 49.6 51.8 53.6 55.7 58.1 59.8 63.2 67.6 70.3 74.9 86.4 98.7 110.9 121.0 115.4 110.2 98.3 76.0 51.2 78.0 100.2 126.4 148.3 169.7 175.7 188.4 195.3 200.8 J2 • April 1994 SURVEY OF CURRENT BUSINESS Table 5.1—Value of the Resource, Additions, and Depletion of Other Minerals, Current Rent Method I (Rate of Return) Table 5.3.—Value of the Resource, Additions, and Depletion of Other Minerals, Present Discounted Value Method Using 3% Discount Rate [Billions of current dollars] [Billions of current dollars] Opening stock Additions Depletion (1) Year (2) (3) 0.2 .2 .1 .3 .3 .3 .5 .5 .5 .4 .2 0 .1 .2 .2 .1 .2 .3 .4 .7 .9 .6 -1 0 -.2 -1 -.1 .8 .6 .1 .2 .4 .2 .3 (4) 0.1 .2 .2 .2 .2 .2 .2 .3 .3 .3 .3 .2 .2 .2 .1 .2 .2 .3 .5 .6 .5 .6 .6 .6 .4 .5 .6 .6 .4 .4 .5 .5 .5 .5 0 .8 .8 .7 .6 .6 .1 -.1 .3 -.1 -1.6 -2.1 -1.8 -1.7 -.8 1.3 3.8 4.0 4.6 1.7 -.5 2.5 3.0 .9 -5.2 2.7 4.1 -1.4 -2.1 4.6 -.3 .7 .7 .9 15.0 15.8 16.6 17.3 18.1 18.8 19.1 19.3 19.8 19.7 18.0 15.7 13.8 12.1 11.4 12.6 16.5 20.4 24.9 26.8 26.6 29.2 31.4 31.7 25.9 28.0 31.4 30.3 28.4 32.8 32.2 32.8 33.2 33.9 [Billions of current dollars] Additions Depletion 0) 1958 .. .. 1959 .. .. 1960 .. .. 1961 .. .. 1962 .. .. 1963 .. .. 1964 .. .. 1965 .. .. 1966 .. .. 1967 .. .. 1968 .. .. 1969 .. .. 1970 .. .. 1971 .. .. 1972 .. .. 1973 .. .. 1974 .. .. 1975 .. .. 1976 .. .. 1977 .. .. 1978 .. .. 1979 .. .. 1980 .. .. 1981 .. .. 1982 .. .. 1983 .. .. 1984 .. .. 1985 .. .. 1986 .. .. 1987 .. ., 1988 .. ., 1989 .. . 1990 .. ., 1991 .. .. Opening stock (2) (3) 18.8 18.8 19.3 20.0 21.0 21.8 22.5 22.8 23.3 23.9 24.3 23.2 21.4 19.9 18.9 18.4 19.9 24.9 31.8 37.1 39.7 41.3 45.6 51.3 56.4 58.2 58.5 57.5 58.4 58.7 57.9 56.7 56.9 57.0 0.2 .2 .2 .3 .4 .4 .6 .6 .5 .4 .2 0 .2 .2 .3 .1 .3 .4 .5 .9 1.2 .8 -.4 -.5 -.9 -.9 -.8 .7 .5 0 .2 .7 .4 .4 Revaluation Closing stock (1+2-3+4) adjustment (4) 0.2 .2 .2 .2 .2 .2 .3 .3 .4 .4 .4 .3 .3 .2 .2 .3 .3 .5 .6 .8 .7 .8 .9 1.0 .8 .9 1.0 1.0 .9 .9 .9 .9 .9 .9 Additions Depletion (2) (3) Revaluation Closing stock (1+2-3+4) adjustment (5) Table 5.2—Value of the Resource, Additions, and Depletion of Other Minerals, Current Rent Method II (Value of Capital) Year Opening stock (D Year 15.0 15.0 15.8 16.6 17.3 18.1 18.8 19.1 19.3 19.8 19.7 18.0 15.7 13.8 12.1 11.4 12.6 16.5 20.4 24.9 26.8 26.6 29.2 31.4 31.7 25.9 28.0 31.4 30.3 28.4 32.8 32.2 32.8 33.2 1958 .. .. 1959 .. .. 1960 .. .. 1961 .. .. 1962 .. .. 1963 .. .. 1964 .. .. 1965 .. .. 1966 .. .. 1967 .. .. 1968 .. .. 1969 .. .. 1970 .. .. 1971 .. .. 1972 .. .. 1973 .. .. 1974 .. .. 1975 .. .. 1976 .. .. 1977.... 1978 .. .. 1979 .. .. 1980 .. .. 1981 .. .. 1982 .. .. 1983 .. .. 1984 .. .. 1985 .. .. 1986 .. .. 1987 .. .. 1988 .. .. 1989 .. .. 1990 .. .. 1991 .. .. Revaluation Closing stock adjustment (1+2-3+4) 0 .5 .7 .9 .7 .5 -.1 .2 .4 .4 -1.0 -1.5 -1.4 -1.0 -.5 1.7 5.0 6.9 5.4 2.5 1.2 4.4 7.1 6.6 3.5 2.1 .9 1.1 .7 .1 -.4 .4 .5 .1 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 . 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 -A -.7 8 -.7 .6 .4 0 .1 .6 .3 .4 (5) (4) 0 .4 .6 .7 .6 .4 0 .2 .3 .4 -.9 1.3 12 -.8 -.5 1.5 4.3 6.0 4.7 2.2 1.1 3.8 6.2 5.8 3.1 1.9 .9 1.1 .7 .2 -.3 .4 .5 0 0.1 .2 .2 .2 .2 .2 .2 .2 .3 .3 .3 .3 .2 .2 .2 .2 .3 .4 .5 .6 .6 .7 .8 .8 .7 .8 .9 .8 .7 .7 .8 .8 .8 .8 16.1 16.5 17.1 18.0 18.7 19.2 19.5 19.9 20.4 20.8 19.9 18.3 17.0 16.2 15.7 17.1 21.4 27.4 32.0 34.3 35.8 39.7 44.7 49.3 51.0 51.3 50.6 51.5 51.9 51.3 50.4 50.5 50.6 50.2 Table 5.4.—Value of the Resource, Additions, and Depletion of Other Minerals, Present Discounted Value Method Using 10% Discount Rate [Billions of current dollars] Year 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 Opening stock Additions Depletion (D (5) 18.8 19.3 20.0 21.0 21.8 22.5 22.8 23.3 23.9 24.3 23.2 21.4 19.9 18.9 18.4 19.9 24.9 31.8 37.1 39.7 41.3 45.6 51.3 56.4 58.2 58.5 57.5 58.4 58.7 57.9 56.7 56.9 57.0 56.6 0.2 .2 .1 .2 .3 .3 .5 .5 .4 .3 .2 0 .1 .2 .2 .1 3 .3 .4 .7 1.0 .6 16.1 16.1 16.5 17.1 18.0 18.7 19.2 19.5 19.9 20.4 20.8 19.9 18.3 17.0 16.2 15.7 171 21.4 27.4 32.0 34.3 35.8 39.7 44.7 49.3 51.0 51.3 50.6 51.5 51.9 51.3 50.4 50.5 50.6 (2) (3) 11.9 11.9 122 12.6 13.2 13.8 14.2 14.4 14.7 151 15.3 14.6 13.5 125 11.9 11.6 12.6 15.9 20.4 24 0 25.8 27.1 30.1 34.1 37.7 39.1 39.6 39.2 40.0 40.4 40.1 39.6 39.7 39.7 0.1 .1 .1 .2 .2 .2 .3 .3 .3 .2 .1 0 .1 .1 .1 .1 .2 .2 .3 5 .7 .5 -.2 -.3 -.5 -.6 -.5 A .3 0 .1 .4 .2 .3 Revaluation Closing stock (1+2-3+4) adjustment (5) (4) 0.1 .1 .1 .1 .1 .1 .1 .2 .2 .2 .2 .2 .1 .1 .1 .1 .2 .2 .3 4 .4 .5 .5 .6 .5 .5 6 ,6 .5 .5 .5 .5 .5 .5 0 .3 .5 .6 .5 .3 0 .2 .3 .3 -.6 -1.0 -.9 -.6 -.3 1.1 3.2 4.5 3.6 1.7 1.0 3.0 4.8 4.5 2.4 1.5 7 1.0 ,7 .2 -.1 .3 .3 0 11.9 12.2 12.6 13.2 13.8 14.2 14.4 14.7 15.1 15.2 14.6 13.5 12.5 11.9 11.6 12.6 15.9 20.4 24.0 25.8 27.1 30.1 34.1 37.7 39.1 39.6 39.? 40.0 40.4 40.1 39.5 39.7 39.7 39.4 April 1994 SURVEY OF CURRENT BUSINESS 73 Benchmark Input-Output Accounts for the U.S. Economy, 1987 HIS ARTICLE presents the 1987 benchmark JL input-output (1-0) accounts for the U.S. economy.1 The first part of the article addresses the 1987 benchmark; it discusses the steps taken to speed up the benchmark's completion and then describes some improvements that have been made in the tables. The second part describes the concepts and methods underlying the U.S. 1-0 accounts and illustrates how the 1-0 tables are used. The 1987 1-0 estimates presented here are in summary form; that is, they are aggregated to 95 1-0 industries from 480-industry detail. The make (production) of commodities by industries is shown in table 1, the use (consumption) of commodities by industries in table 2.1, and the components of value added by industries in table 2.2. The following summary 1-0 tables will be presented in the May SURVEY OF CURRENT BUSINESS: Commodityby-industry direct requirements per dollar of industry output; commodity-by-commodity total requirements, direct and indirect, per dollar of delivery to final use; and industry-by-commodity total requirements, direct and indirect, per dollar of delivery to final use. All of the summary tables, as well as the detailed tables, are available on diskette (see the box on page 90). This article includes supplementary tables that relate the 1-0 accounts to the national income and product accounts (NIPA'S); these tables permit more extensive analyses of the 1-0 estimates. The article also contains two appendixes: Appendix A provides a list of selected SURVEY articles about the 1-0 accounts; appendix B provides a concordance between the industry codes used in the 1-0 accounts and the 1987 Standard Industrial Classification (sic) codes. The 1987 benchmark 1-0 estimates will be incorporated into the NIPA'S during the next comprehensive NIPA revision, which is tentatively scheduled for release in late 1995. 1. Earlier benchmarks covered 1947, 1958,1963, 1967,1972, 1977, and 1982. BEA also has produced annual 1-0 accounts based on less comprehensive source data. The most recent annual accounts, for 1987, were presented in the April 1992 SURVEY OF CURRENT BUSINESS. The 1987 Benchmark Accounts In recognition of user needs—expressed, for example, by the interagency Working Group on the Quality of Economic Statistics—the Bureau of Economic Analysis (BEA) has developed a program to speed up the availability of 1-0 accounts.2 For 1-0 benchmarks, which are prepared primarily from the Census Bureau's quinquennial economic censuses, the long-term goal is to make the 1-0 tables available within 5 years of a census year and within 1 year after release of all economic census data. For the 1987 benchmark, BEA devised a set of procedures that captured the most important parts of the 1987 economic census data, but that abbreviated the normal time-consuming process of assembling a wide variety of other data for constructing components not based on economic census data. These procedures enabled BEA to complete the 1987 tables faster than otherwise would have been the case and to turn its re2. See "Improving the Quality of Economic Statistics: The 1992 Economic Statistics Initiative," SURVEY 71 (March 1991): 4-5. Ann M. Lawson, Chief of the Interindustry Economics Division, directed the preparation of the 1987 benchmark input-output study and coauthored the article with D.A. Teske. Mark A. Planting, Acting Assistant Division Chief, planned and coordinated division efforts to produce the estimates. Belinda L. Bonds, Chief of the Goods Branch, and Karen Horowitz, Chief of the Services Branch, assisted in the planning and implementation of the study and in the estimation, review, and finalization of the data. Brian D. Kajutti designed the data processing system and coordinated the computer programming and processing efforts. Staff contributors were William A. Allen, Timothy D. Aylor, Alvin D. Blake, Cheryl Carlson, Esther Carter, Jeffrey W. Crawford, Sergio Delgado, Gary T. Fee, Kara Gordon-Palley, Carole Henry, David Huether, Greg M. Key, Myles J. Levin, Fritz Mayhew, William McCarthy, Donna McComber, Clinton P. McCully, Rhonda E. Monroe, Ted Morgan, Diane E. Nisson, Robert S. Robinowitz, Brooks B. Robinson, Timothy F. Slaper, Patricia A. Washington, Raquel Watson, and Diane Young. SURVEY OF CURRENT BUSINESS 74 • April 1994 sources toward the 1992 benchmark at the earliest possible time. Procedures for the 1987 benchmark In preparing benchmark 1-0 accounts, BEA relies heavily on economic census data covering mining, construction, manufacturing, wholesale trade, retail trade, transportation, and selected services. The data are released by the Census Bureau as they are completed, over a period of time that usually begins about 1 year after the end of the census year and continues for about 30 months. (For example, the planned release dates for the 1992 census year extend from early 1994 through late 1996.) To estimate outputs and inputs and to allocate commodities across industries and final users, BEA must augment the economic census data with data from hundreds of other sources, such as the U.S. Department of Agriculture, U.S. Department of Transportation, Table A.—Principal Data Sources for Industry or Commodity Outputs, 1987 Benchmark Industry or Commodity Source Agriculture, forestry, and fisheries U.S. Department of Agriculture farm statistics Mining Census Bureau 1987 Census of Mineral Industries Construction Census Bureau 1987 Census of Construction Industries, Census of Service Industries, and value of construction put-in-place series Manufacturing Census Bureau 1987 Census of Manufactures Transportation Interstate Commerce Commission Transportation Statistics Association of American Railroads Freight Commodity Statistics Census Bureau 1987 Census of Transportation, Motor Freight Transportation and Warehousing Survey, and Services Annual Survey U.S. Army Corps of Engineers 1987 Waterbome Commerce of the U.S. Department of Transportation Air Carrier Financial Statistics and National Transportation Statistics Communications Trade sources annual reports Federal Communications Commission Statistics of Communication Common Carriers Utilities Department of Energy—Energy Information Administration Natural Gas Annual, Electric Sales and Revenue, and Financial Statistics of Selected Electric Utilities American Gas Association Gas Facts Census Bureau 1987 Census of Mineral Industries Trade sources financial statements Wholesale and retail trade Census Bureau 1987 Census of Retail Trade and 1987 Census of Wholesale Trade Finance Federal Deposit Insurance Corporation Statistics on Banking Federal Reserve Board Annual Report Federal Home Loan Bank Board financial reports Office of Thrift Supervision Saving and Home Financing Source Book National Credit Union Administration Yearend Statistics for Federally Insured Credit Unions HSN Consultants, Inc. The Nilson Report Federally sponsored credit agencies annual reports State and Federal regulatory agencies annual reports Insurance Trade sources financial statements Health Care Financing Administration private health insurance data A. M. Best and Company Best's Aggregates and Averages Mortgage Insurance Companies of America Factbook Real estate National Association of Realtors 1987 Home Sales Yearbook Census Bureau 1987 Census of Housing, 1987 Census of Construction Industries, 1987 Census of Agriculture, and 1987 Enterprise Statistics Internal Revenue Service tabulations of tax returns Services Census Bureau 1987 Census of Service Industries Internal Revenue Service tabulations of tax returns Bureau of Labor Statistics tabulations of wages and salaries covered by State unemployment insurance U.S. Department of Education Digest of Educational Statistics Government enterprises Federal and State and local government agency reports Office of Management and Budget Federal budget data Census Bureau 1987 Census of Governments Noncomparable imports Census Bureau general imports and imports for consumption data Estimated as part of the balance of payments accounts Scrap Census Bureau 1987 Census of Manufactures General government Estimated as part of the national income and product accounts Household Estimated as part of the national income and product accounts Inventory valuation adjustment Estimated as part of the national income and product accounts SURVEY OF CURRENT BUSINESS U.S. Department of Treasury, Office of Management and Budget, and other government agencies and private organizations. In preparing the 1987 benchmark 1-0 accounts, BEA used standard 1-0 procedures for the estimates of industry and commodity output, except for new construction (see table A). For previous benchmarks, approximately 50 construction industries were analyzed and estimated separately. For the 1987 benchmark, the economic census total for construction output was distributed among only five industries—four related to mining and one "all other" category, which covers the remaining industries within new construction and maintenance and repair construction. BEA also used standard 1-0 procedures for the estimates of industry intermediate inputs where hard data were readily available—primarily for material inputs from the economic censuses. In previous benchmarks, the standard procedure has been to supplement these economic census data with estimates of other intermediate inputs from hundreds of other information sources. For the 1987 benchmark, BEA estimated these intermediate inputs by first extrapolating 1982 benchmark estimates to 1987 based on the change in industry output, and then by adjusting the extrapolated estimates to be consistent with—or to balance—commodity and industry outputs (see table B). Value added components were prepared using the same procedures as in the past.3 Data 3. Value added equals gross output (sales or receipts and other operating income, plus inventory change) minus intermediate inputs (consumption of goods and services purchased from other industries or imported). It includes compensation of employees, indirect business tax and nontax liability, and other value added. for compensation of employees and for indirect business tax and nontax liability are from the U.S. Department of Treasury, Office of Management and Budget, Bureau of Labor Statistics, and Census Bureau; NIPA estimates are also used. For most final use components—personal consumption expenditures, gross private fixed investment, change in business inventories, exports of goods and services, and imports of goods and services—BEA used the same data and procedures as in the past.4 Most estimates of personal consumption expenditures and gross private fixed investment were prepared with the commodityflow method.5 Inventories held by industries were based on economic census and Internal Revenue Service data. Exports and imports of goods and services were based on data from the Census Bureau and the U.S. balance of payments accounts. For Federal Government and State and local government final use components, a combination of new and old procedures was used. Total expenditures by type of purchase, for Federal Government and for State and local governments, were obtained from the NIPA'S, as in the past. Government purchases by 1-0 commodity were 4. In the 1-0 accounts, change in business inventories covers commodities wherever held; capital purchases—producers' durable equipment and structures—are included in gross private fixed investment; and imported commodities are included with domestically produced commodities in both final use and intermediate use. 5. The commodity-flow method generally begins with an estimate of the total supply of a commodity available for domestic uses; it then either attributes a fixed percentage of supply to final users, or it adjusts for intermediate purchases and attributes the residual to final users. For more information, see U.S. Department of Commerce, Bureau of Economic Analysis, Personal Consumption Expenditures, Methodology Paper Series MP-6 (Washington, DC: U.S. Government Printing Office, June 1990): 31-34. Table B.—Principal Data Sources and Methods for Estimating Intermediate Inputs and Components of Value Added, 1987 Benchmark Component Source or method Intermediate inputs For census-covered industries, selected purchased services; in addition, for manufacturing and mining, materials consumed from 1987 economic censuses. For gas and electric utility industries, selected inputs from trade sources; for agriculture industries, inputs from U.S. Department of Agriculture. For most remaining industries, 1982 estimate extrapolated by change in industry output and adjusted to balance commodity and industry outputs. Compensation of employees For census-covered industries, payroll and benefits from Census Bureau 1987 economic censuses. For noncensus-covered industries, Bureau of Labor Statistics tabulations of wages and salaries covered by State unemployment insurance; other labor income estimated as part of the national income and product accounts. Indirect business tax and nontax liability. For Federal excise taxes, collections from Internal Revenue Service; for customs duties, receipts from Monthly Treasury Statement, and for nontaxes (such as fines), receipts from the Budget of the United States, prepared by the Office of Management and Budget. For State and local governments, receipts from Census Bureau 1987 economic census and annual and quarterly surveys. Other value added For most industries, residual method: Total industry output less total intermediate inputs, compensation of employees, and indirect business tax and nontax liability. April 1994 • 75 j6 • April 1994 SURVEY OF CURRENT BUSINESS estimated using 1982 benchmark 1-0 estimates as weights, a new procedure for the 1987 estimates. Some procedures used to prepare the 1987 benchmark 1-0 accounts suggest certain caveats. First, the technology represented by the relationships of commodity inputs to industry outputs in the use table (as well as in the commodityby-commodity and industry-by-commodity total requirements tables) is a hybrid of that in 1987 and that represented in the 1982 benchmark 1-0 accounts. Second, other value added was derived as a residual for most industries after subtracting total intermediate inputs, compensation of employees, and indirect business tax and nontax liability from total industry output.6 (For a few industries, estimates of other value added were available from other data sources; for example, other value added estimates for agriculture are from the U.S. Department of Agriculture.) As a result, the other value added component includes estimating errors from other parts of the 1-0 accounts. For studies requiring comparisons of value added components, users may find BEA'S estimates of gross product originating by industry more useful.7 Improvements and other changes The 1987 benchmark 1-0 tables differ from previous tables in several respects. The summary 1987 benchmark tables, which begin on page 98, cover 95 1-0 industries instead of the 85 1-0 industries used previously. For the new summary tables, 14 1-0 industries were aggregated into 7, and 12 1-0 industries were disaggregated into 30.8 With one exception, the aggregations involved small, declining industries; new construction and repair and maintenance construction were aggregated because of the abbreviated procedures used for the 1987 benchmark. The disaggregations involved large, growing industries. Appendix B shows the new aggregations and disaggregations of 1-0 industries. (The disaggregated industries 6. For most i-o industries, other value added includes consumption of fixed capital, proprietors' income, corporate profits, and business transfer payments. For banking and for credit agencies other than banks, other value added also includes net interest. For owner-occupied dwellings and for real estate agents, managers, operators, and lessors, it also includes rental income. For the six industries covering the Federal Government and State and local government enterprises, it also includes current surplus less government subsidy payments. 7. See Robert P. Parker, "Gross Product by Industry, 1977-90," SURVEY 73 (May 1993): 33-54; and Robert E. Yuskavage, "Gross Product by Industry, 1988-91," SURVEY 73 (November 1993): 33-44. 8. The net addition of industries resulting from the aggregations and disaggregations of 1982 1-0 industries is 11. In addition, the rest of the world is no longer technically considered to be an industry because of the change from GNP to GDP as the primary measure of final demand. Thus, there is a net increase of 10 industries in the 1987 benchmark. are designated with an alphabetical suffix to the 1982 benchmark i-o industry number.) The industry classification of the i-o accounts is now based on the 1987 sic; the 1982 benchmark tables and subsequent annual tables were based on the 1972 sic. In addition, the 1987 benchmark tables incorporate all of the 1991 comprehensive NIPA revisions, including the change from gross national product to gross domestic product (GDP). 9 Introduction to the U.S. I-O Accounts The 1-0 accounts for the U.S. economy show the production of commodities by each of nearly 500 industries, in the "make" table, and the consumption of commodities by these industries, in the "use" table. Chart 1 illustrates the make and use tables in matrix form in, respectively, the upper and lower panels. The commodity composition of GDP and the industry distribution of value added are also shown in the use table. BEA prepares benchmark 1-0 accounts primarily from data that the Census Bureau collects every 5 years in its economic censuses for mining, construction, manufacturing, wholesale trade, retail trade, transportation, and selected services, as well as in its census of governments. Data from the U.S. Department of Agriculture, U.S. Department of Transportation, U.S. Department of Treasury, and other government agencies and private sources are also used. The 1-0 accounts show compactly the relationships between all industries in the economy and all the commodities they produce and use. Estimates for commodities are typically shown at producers' prices.10 When producers' prices are used, transportation costs and wholesale and retail trade margins are treated as commodities that are separately produced and used by industries (see the section "Definitions and conventions for valuation"). The 1-0 accounts consist of five basic sets of tables: (1) Make, (2) use, (3) commodity-byindustry direct requirements, (4) commodity-bycommodity total requirements, and (5) industry9. The 1991 NIPA revision was described in the following SURVEY articles: "A Preview of the Comprehensive Revision of the National Income and Product Accounts: Definitional and Classificational Changes," September 1991; "A Preview of the Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables," October 1991; and "The Comprehensive Revision of the U.S. National Income and Product Accounts: A Review of Revisions and Major Statistical Changes," December 1991. 10. Estimates for commodities in purchasers' prices can be derived by adjusting for transportation costs and for wholesale and retail trade margins; these costs and margins are included on the diskettes that can be ordered for the 1987 benchmark 1-0 (see the box on page 90). SURVEY OF CURRENT BUSINESS April 1994 The U.S. Input-Output Accounts MAKE TABLE: INDUSTRIES PRODUCING COMMODITIES COMMODITIES Agricultural products TransporTrade Finance Services Minerals Construction Manufactured products tation Other' MM Agriculture Mining Construction TOTAL INDUSTRY OUTPUT M | Manufacturing INDUSTRIES Transportation - Trade Finance Services • 1 •• r Other* TOTAL COMMODITY OUTPUT ^M ^M ^M ^M ^M ^M USE TABLE: COMMODITIES USED BY INDUSTRIES AND FINAL USES FINAL USES (GDP) INDUSTRIES AgriculConstruc- Manufac- transporMining tjre taring tion tation Trade Fin3n:e Services Other' Total inte-mrdiatS Gross Personal private consumption fixed expenditures investment Exports Imports Change in of goods o"' gooes Government business 3"C purchases inventories seri. ce; Agricultural products Minerals Construction Manufactured products Transportation COMMODITIES Trade Finance Services Other Noncomparable imports Total intermediate inputs Compensation of employees VALUE ADDED ricsirect Dus^es; ;a* and lortax liability Other value added"* Total TOTAL INDUSTRY OUTPUT * See text and appendix B. * * See text. U-S. Department of Commerce, Bureau of Economic Analysis | 1 TOTAL COMMODITY OUTPUT ^ B PRIMARY PRODUCT OF THE INDUSTRY PM] TOTAL INDUSTRY OUTPUT GDP TOTAL COMMODITY OUTPUT 77 j8 • April 1994 SURVEY OF CURRENT BUSINESS by-commodity total requirements.11 For the 1987 benchmark, details for the value added components of the use table and of the commodity-byindustry direct requirements table are contained in separate tables. Only the make and use tables are presented in this article. The remaining three tables and their descriptions will be published in the May SURVEY. The make table The make table (table 1), in the upper panel of chart 1, shows the dollar value, in producers' prices, of each commodity produced by each industry. In each row, there is one "diagonal" cell that shows the value of production of the commodity for which the corresponding industry has been designated the "primary" producer. Entries in the other cells in the row show the value of production of commodities for which the industry is a "secondary" producer.12 For example, the newspapers and periodicals industry (row 26A) is the primary producer of the newspapers and periodicals commodity (column 26A). It is also a secondary producer of the following commodities: Paper and allied products, except containers (column 24); other printing and publishing (column 26B); rubber and miscellaneous plastics products (column 32); miscellaneous manufacturing products (column 64); and advertising (column 73D). The sum of all entries in a row is the total output by the industry. The entries in each column of the make table represent the production by both primary and secondary producers of the commodity named at the head of the column. For example, computer and data processing services (column 73A) includes the output by the primary producer—the computer and data processing services industry (row 73A)—and by the following secondary producers: Computer and office equipment (row 51); audio, video, and communication equipment (row 56); scientific and controlling instruments (row 62); finance (row 70A); and other business and professional services, except medical (row 73c). The sum of all entries in a column is the total output of the commodity. An industry's share of the production of a commodity can be calculated from the values in 11. In the designation of i-o tables, the row is referred to first and the column second. Thus, tables in which commodities appear in the rows and industries in the columns are designated "commodity-by-industry" tables, and tables in which industries appear in the rows and commodities in the columns are designated "industry-by-commodity" tables. 12. Primary and secondary products and the classification of industries are discussed further in the section "Definitions and conventions for classification." the make table by expressing the entries in a given column as a percentage of the column total. From the 1987 benchmark, for example, column 62 in table 1 shows that the production of scientific and controlling instruments (commodity 1-0 62) totaled $86 billion, of which the scientific and controlling instruments industry (industry 1o 62) produced $80 billion, or about 93 percent of the total. The industry and commodity output totals for this table are estimated primarily from the quinquennial economic censuses, conducted by the Census Bureau (see table A). The economic census data, which are on an sic basis, cover most establishments with payrolls. Information from other government and private sources is used for 1-0 industries not covered by the economic census data, such as finance, insurance, real estate, utilities, and schools and religious organizations. Data from other government agencies are also used to supplement the economic census data for some industries. BEA makes two adjustments to the economic census data. First, it adds estimates of the output for establishments without payrolls that are not covered by the economic census data. Second, BEA adjusts for misreported tax return information; this adjustment is necessary because in some cases, the Census Bureau data for expenses and receipts reflect tax return records rather than information collected directly from survey reports.13 BEA also adjusts the economic census data based on the sic to the 1-0 industry classification system to attain greater homogeneity in the input structures for commodities produced by an 1-0 industry. This type of adjustment is discussed in the section "Definitions and conventions for classification." The use table The use table (table 2) is presented in two parts: Table 2.1 shows the dollar value, in producers' prices, of each commodity used by each industry and by each final user; table 2.2 shows detail, in producers' prices, on the value added components used by each industry in table 2.1 to produce its output. In table 2.1, entries in a row show the use of the commodity named at the beginning of the row by each industry or final user named at the head of the column. For example, the commodity radio and TV broadcasting services 13. See Robert P. Parker, "Improved Adjustments for Misreporting of Tax Return Information Used to Estimate the National Income and Product Accounts, 1977," SURVEY 64 (June 1984): 17-25. SURVEY OF CURRENT BUSINESS (row 67) is used by the industries radio and TV broadcasting (column 6j) and advertising (column 73D), as well as by persons—that is, as part of personal consumption expenditures (column 9i). In table 2.2, industries are shown in the rows, and total output, total intermediate inputs, and the components of value added are shown in the columns. For example, the total output for the radio and TV broadcasting industry (row 6y) was $29 billion, of which $10 billion was labor compensation, $1 billion was indirect business tax and nontax liability, $3 billion was other value added, and $16 billion was intermediate inputs. The column totals for industries in table 2.1 equal the right-hand row totals in table 2.2. For example, the column total for the radio and TV broadcasting industry in table 2.1 equals the row total for that industry in table 2.2, or $29 billion. (The relationship between value added and other parts of the use table is depicted in the bottom panel of chart 1.) In table 2.1, industry uses sum to total intermediate use, shown in the right-hand column of the industries portion, and the final uses sum to GDP, shown in the right-hand column of the final uses portion. The total output of each commodity is the sum of all intermediate uses of the commodity by industries and all sales to final users. The total output of each industry is the sum of all intermediate inputs consumed by the industry— that is, the raw materials, semifinished products, and services that the industry purchases—and of the value added by the industry. For the economy as a whole, the total of all final uses of commodities equals the total value added by all industries, or GDP. The rows in table 2.1 show the wide variation in the proportion of commodity output that is sold directly to final users. For example, the 1987 use table shows that some commodities, such as apparel (the primary product of industry 1-0 18), were sold almost entirely to final users; therefore, the demand for these commodities is affected primarily by changes in the buying patterns of final users. Other commodities, such as industrial and other chemicals (1-0 27A), were used almost entirely as intermediate inputs. For these commodities, the connection between production and final uses is primarily indirect and can be traced mainly through industrial users' sales of commodities to final users. The rows also show the wide variation in the direct usage of commodities by industries. For example, the 1987 use table shows that paper and allied products, except containers (1-0 24), with $81 billion of commodity output, were used by nearly all industries. The largest user was other printing and publishing (1-0 26B), which used $15 billion, or 18 percent of total commodity output. In contrast, metal containers (1-0 39), with $12 billion of commodity output, were used by only 20 industries. The largest user was food and kindred products (1-0 14), which used $9 billion, or 74 percent of total commodity output. The rows in table 2.2 show the wide variation in the use of value added inputs by industries to produce their outputs. For example, the real estate and royalties industry (1-0 JIB) required $280 billion of value added inputs, or 74 percent of its total output; of this, $27 billion was for labor compensation, $53 billion was for indirect business tax and nontax liability, and $200 billion was for other value added. In contrast, the livestock and livestock products industry (1-0 1) required $15 billion of value added inputs, or 17 percent of its total output; of this, $3 billion was for labor compensation, $1 billion was for indirect business tax and nontax liability, and $11 billion was for other value added. BEA estimates intermediate inputs in the use table through a number of processes. The economic censuses are the primary source for data on intermediate inputs; however, BEA must supplement these data to cover establishments without payrolls and industries not covered by the economic censuses, BEA also separates information for some broader categories of purchases into 1-0 commodities; for example, BEA separates data on purchases of office supplies into purchases of postal service, paper, envelopes, etc., using commodity-shipment proportions and other available information, BEA also uses related information that is available to make 1-0 estimates of inputs for which there is little hard data. For example, fees paid by industries for accounting services are estimated on the basis of industry employment. (Table B shows the principal methods and sources used for the 1987 benchmark.) BEA estimates the final uses of commodities either by incorporating data into the 1-0 accounts directly from other sources after minor adjustment, or—for personal consumption expenditures and producers' durable equipment— by employing the commodity-flow method. An example of source data incorporated directly with only minor adjustments is exports of goods, which is obtained from the balance of payments accounts. April 1994 • 79 80 • April 1994 SURVEY OF CURRENT BUSINESS In the commodity-flow method, an estimate is first developed for the total supply of a commodity for domestic use. Then either a fixed percentage of total supply is attributed to final users, or the total supply is adjusted for intermediate purchases and the residual is attributed to final users.14 An example of commodity flow using the fixed percentage method can be illustrated by examining its use in estimating personal consumption expenditures for polishes and sanitation goods; in this case, approximately 40 percent of total output is allocated to personal consumption expenditures. An example of commodity flow using the residual method can be illustrated by examining its use in estimating personal consumption expenditures for wheat flour. First, an estimate is made for the total domestic supply of wheat flour: Total wheat flour sales by domestic firms, minus wheat flour exports, plus wheat flour imports. Next, an estimate is made for total consumption of wheat flour by intermediate users, including food manufacturers—of bread, cookies, crackers, and frozen bakery products— and restaurants. The wheat flour consumed by all intermediate users is then subtracted from domestic supply; government purchases of wheat flour are also subtracted. The residual is then assumed to be the wheat flour purchased by persons and is included in personal consumption expenditures. The components of value added (see footnotes 3 and 6) are estimated using different methods. Compensation of employees by industry is estimated directly from source data. Indirect business tax and nontax liability by industry is either estimated directly from source data or is extrapolated based on the 1982 benchmark. For most industries, other value added is derived as a residual after subtracting total intermediate inputs, compensation of employees, and indirect business tax and nontax liability from total industry output (that is, industry sales receipts). For a few industries, estimates of other value added were available from other data sources; for example, other value added estimates for agriculture are from the U.S. Department of Agriculture. Uses of the 1-0 accounts The 1-0 accounts have a variety of statistical and analytical uses. For example, they can provide an economic framework to assess data quality and completeness, and they can be used as an 14. See Personal Consumption Expenditures, pages 31-34. analytical economic tool to study industry production. This section describes some uses of the 1-0 accounts in preparing economic statistics and in studying interindustry relationships within the economy, as well as some of the assumptions analysts must make when they use 1-0 accounts as an economic tool. The use of 1-0 accounts requires certain simplifying assumptions. Among these is the assumption that interindustry relationships established in the 1-0 accounts for a benchmark year will remain stable over time and through a range of output levels. Users of 1-0 tables generally must make the assumption that changes in interindustry relationships occur only gradually— for example, that the interindustry relationships represented in the 1987 benchmark are applicable for a band of years surrounding 1987. Also, 1-0 accounts implicitly assume that all adjustments to a change in final demand are achieved instantly and without price changes. For analyses that require different assumptions, other economic tools may be more appropriate. Statistical uses,—The 1-0 accounts are used in several ways to prepare economic statistics. For NIPA comprehensive revisions, they are the single most important regular source for estimating the expenditure components of GDP and for parts of several income components. Because the 1-0 accounts have an internally consistent framework that tracks the input and output flows in the economy, any estimating weaknesses in the national economic accounts become readily apparent when they are compared with the 1-0 accounts. For the NIPA revision, the NIPA estimates of personal consumption expenditures and producers' durable equipment are based on the final use components of the 1-0 benchmark accounts, with additional adjustments to reflect the definitional, classificational, and statistical changes incorporated into the NIPA'S since completion of the 1-0 accounts.15 The 1-0 benchmark accounts are also used as a framework to weight and calculate index numbers for price, volume, and value. For example, BEA uses the 1-0-based detailed estimates of producers' durable equipment to weight producer price indexes for calculating the constant-dollar NIPA estimates of producers' durable equipment. Analytical uses.—The 1-0 accounts are an important analytical tool because they show the interdependence among various producers and 15. For more information on the 1-0 accounts and their relationship to the NIPA'S, see Personal Consumption Expenditures, pages 17 and 31-34. SURVEY OF CURRENT BUSINESS consumers in the economy. Because of their industry detail, the i-o accounts can be used for analyzing a wide range of related empirical issues. The main contribution of the i-o accounts to economic analysis is that they permit analysts to measure the repercussions that changes in final uses have on industries and commodities, both directly and indirectly. For example, an increase in consumer demand for motor vehicles will initially have a direct effect that will increase the production of cars, which in turn will have indirect effects, including increased steel production. Increased steel production will in turn require more chemicals, more iron ore, more limestone, and more coal. Increased car production will also require more upholstery fabrics, and the increased production of these fabrics will require more natural fibers, more synthetic fibers, and more plastics. Further, increased production of synthetic fibers will require more electricity and containers, and so on. These repercussions are only a few in the continuing chain resulting from the initial increase in consumer demand for motor vehicles. Through i-o analysis, it is possible to trace this chain throughout the economy, measuring the direct and indirect effects on the output of each industry and commodity. Within the i-o accounts, these effects are quantified in coefficient tables. These tables can be used, for example, to determine the impact of a disaster on the economy or, when supplemented with additional information, to compute the effect on employment of an increased demand for U.S. exports. The Federal Emergency Management Agency, the U.S. Department of Defense, and the Census Bureau, among others, have found the i-o accounts to be useful for such studies. When the U.S. i-o accounts are augmented with regional data, they can show economic impacts by region. For example, a State Government agency has used regional i-o accounts to estimate the economic effects of a high-speed intercity rail project on the State's economy, and a private consulting group has used regional i-o accounts to analyze the impact of a sports stadium on the local economy, BEA'S Regional Economic Analysis Division helps planners and analysts estimate the regional impacts of project and program expenditures by industries.1 16. A typical 1-0 table in the Regional Input-Output Modeling System is derived mainly from two data sources: (1) The U.S. benchmark 1-0 accounts and (2) BEA'S four-digit sic county wage-and-salary data. For more information, see U.S. Department of Commerce, Bureau of Economic Analysis, Regional Multipliers: A User Handbook for the Regional Input-Output Modeling System (RIMS II), Second Edition (Washington, DC: U.S. Government Printing Office, 1992). Definitions and conventions for classification The 1-0 accounts use two classification systems, one for industries and another for commodities, but both classification systems generally use the same 1-0 numbers and titles. In the 1-0 industry classification system, output typically represents the total output of all establishments in each industry, regardless of whether the commodities produced are primary to the industry (that is, make up the largest proportion of the establishment's output) or are secondary (that is, primary to another industry). In the 1-0 commodity classification system, output represents the total output of the product or service, regardless of the classification of the establishments that produce it. This section discusses first the 1-0 industry classification system and then the 1-0 commodity classification system. The 1-0 industry classification system is based on the sic system, which classifies establishments into industries based on their primary products or services.17 Establishments are defined as economic units that are generally at a single physical location where business is conducted or where services or industrial operations are performed. Establishments are classified into an sic industry on the basis of their primary products or services.18 The 1-0 industry classification system adjusts the sic system primarily to attain a greater degree of homogeneity in the structure of inputs to the commodities produced by an 1-0 industry. The adjustments, which affect 1-0-defined primary and secondary production, are called, in 1-0 terminology, redefinitions and ^classifications.19 The 1-0 system also provides for other industries and "special" industries that the sic does not; these are discussed later in this section. In a redefinition, the input purchases and the output sales receipts for a particular secondary product or service are moved from the sic-defined industry to the 1-0-defined industry. The input structure of the redefined product or service is assumed to be the same as that for the 1-0 industry in which the product or serv17. The 1-0 two-digit and six-digit industry categories and their composition in terms of the 1987 sic codes are given in appendix B. 18. For a discussion of the sic system, see Office of Management and Budget, Executive Office of the President, Standard Industrial Classification Manual: 1987, (Springfield, Virginia: National Technical Information Service, 1987): 11-18. 19. Fewer 1-0 adjustments to sic-defined industries may be necessary for the 1997 and subsequent benchmark 1-0 accounts when the North American Industry Classification System (NAICS) is completed. The proposed NAICS is expected to be a common international system—covering the United States, Canada, and Mexico—for grouping establishments by similarity of production process. For a discussion, see Jack E. Triplett, "Economic Concepts for Economic Classifications," SURVEY 73 (November 1993): 45-56. April 1994 • 8l 82 • April 1994 SURVEY OF CURRENT BUSINESS ice is primary; this assumption is called, in 1-0 terminology, the commodity-based technology assumption.20 An example of a redefinition involves restaurants located in hotels. Both inputs and outputs of these restaurants are moved from the hotels and lodging places industry (the industry of the establishment where the product or service occurs) to the eating and drinking places industry (the industry where the product or service is primary). The input structure related to the output of restaurants located in hotels is assumed to be similar to that for the eating and drinking places industry. Redefinitions are used in the following cases: • Construction work (both new construction and maintenance and repair) performed by all industries is redefined to the construction industries. Construction work performed by and for nonconstruction industries is referred to as "force-account construction." • Manufacturing in trade and service industries is redefined to the appropriate manufacturing industries. • Retail trade in service industries is redefined to the retail trade industry. Services in the trade industries are redefined to service industries. Some services are also redefined within service industries. • Manufacturers' wholesale sales of purchased goods (resales) are redefined to the wholesale trade industry. • Rental activities of all industries are redefined to the real estate and rental industries. • The preparation of meals and beverages in most industries is redefined to the eating and drinking industry. Redefinitions affect a number of industries; however, for most industries, the total output involved is small. Examples of industries with large dollar amounts of redefinitions of secondary products or services out of or into the industry are automobile and repair services (1-0 75), with $131 billion of total industry output, of which $40 billion has been redefined out to a number of other industries and $1 billion has been redefined 20. The 1-0 commodity-based and i-o industry-based technology assumptions are important when estimating the total-requirements tables. The significance of the assumptions is discussed elsewhere in the economic i-o literature. See, for example, United Nations, System of National Accounts, 1993, prepared under the auspices of the Inter-Secretariat Working Group on National Accounts (New York: United Nations, 1993): chapter 15, in particular pages 367-70; and Ronald E. Miller and Peter D. Blair, Input-Output Analysis: Foundations and Extensions (Englewood Cliffs, New Jersey: Prentice-Hall, Inc., 1985): 149-99. in from a number of other industries; eating and drinking places (i-o 74), with $209 billion of total industry output, $34 billion out and $Vi billion in; wholesale trade (1-0 69A), with $424 billion of total output, $7 billion out and $69 billion in; and retail trade (1-0 69B), with $421 billion of total output, $25 billion out and $46 billion in. In a reclassification, the 1-0 system creates a secondary product or service from an sic-defined primary product or service. For these reclassified products and services and for all other sic-defined secondary products and services that are not redefinitions, the 1-0 system moves the output receipts from the sic-defined product or service class to the 1-0-defined primary product or service class within the same 1-0 industry. In this case, total output for the affected industry remains unchanged; however, output for each affected commodity group changes. An example of a reclassification involves the newspaper industry. The sic defines the primary product or service classes of this industry as newspaper subscriptions and sales and newspaper advertising. The 1-0 system considers the primary product or service of the newspaper industry to consist of newspaper subscriptions and sales. It considers the advertising component to be secondary and, therefore, moves advertising receipts or output to the advertising commodity group. Total output for the 1-0 newspaper industry remains unchanged, but output for the newspaper commodity is reduced, and output for the advertising commodity is increased. Reclassifications affect about 70 commodities; however, for the most part, the dollar values involved are not very large. Examples of industries with large dollar amounts of reclassified sales receipts are the newspapers and periodicals industry (1-0 26A), for which $20 billion of its $36 billion total commodity output is moved to the advertising commodity (1-0 73D); and the crude petroleum and natural gas industry (1-0 8), for which $12 billion of its $80 billion total commodity output is moved to the gas production and distribution (utilities) commodity (1-0 68B). When the total requirements tables are calculated, inputs and outputs of each 1-0-defined secondary product or service are moved to their particular 1-0-defined commodity groups. The input structures of secondary products or services are assumed to be similar to those for the industries in which the products or services are primary; this assumption, in 1-0 terminology, is called the industry-based technology assumption (see footnote 20). April 1994 • SURVEY OF CURRENT BUSINESS As mentioned earlier, the 1-0 system also provides for other industries and "special" industries that the sic does not. The 1-0 system replaces the sic-defined government-owned establishments with two industries to cover government enterprises as defined in the NIPA'S— Federal Government enterprises (1-0 78) and State and local government enterprises (1-0 79). The 1-0 system also provides "special" industries, such as general government (1-0 82), in which output and value added are defined as general government compensation of employees, and the inventory valuation adjustment (1-0 85), which is a NIPA adjustment to derive GDP (see appendix B for a complete listing of 1-0 special industries). The 1-0 commodity classification system is closely related to that for industries. Each commodity receives the code of the industry in which the commodity is the primary product. This code is then used to group production of the commodity in the industry in which it is the primary product with its production in other industries in which it is a secondary product. In several cases, the 1-0 commodity classification differs from that specified by the industry classification. If the same commodity is the primary product of more than one sic industry, all of the 1-0 commodity is assigned the 1-0 commodity number that corresponds to the 1-0 industry that is the largest producer of the commodity. This results in there being no commodity output for the following 1-0 commodity groups: Forest products (commodity 2.0701); knit outerwear mills (commodity 18.0201); knit underwear and nightwear mills (commodity 18.0202); knitting mills, not elsewhere classified (commodity 18.0203); fertilizers, mixing only (commodity 27.0202); cold-rolled steel sheet, strip, and bars (commodity 37.0104); steel pipe and tubes (commodity 37.0105); secondary nonferrous metals (commodity 38.0600); Federal electric utilities (78.0200); State and local government passenger transit (commodity 79.0100); and State and local government electric utilities (commodity 79.0200). Definitions and conventions for valuation Transactions in commodities are typically valued in 1-0 accounts at producers' prices, which exclude distribution costs (transportation costs and wholesale and retail trade margins), but include excise taxes collected and paid by producers. Transportation costs and trade margins are shown as separate purchases by the users of the commodities. The sum of the producers' value, transportation costs, and trade margins equals the purchasers' value. The 1-0 tables do not trace actual flows of commodities to and from wholesale trade and retail trade0 If trade were shown as buying and reselling commodities, industrial and final users would make most of their purchases from a single source—trade. To show the relationship between the production of commodities and their purchase by intermediate and final users, commodities are shown as if they move directly to users, bypassing trade. The margin associated with a commodity is shown as a separate purchase of the commodity from wholesale trade and retail trade by users. Transportation costs are the freight charges paid to bring the commodity from the producer to the user, either intermediate or final. All transportation costs are included in the transportation rows (rows 65A-E) of the use table. Wholesale trade has one primary product— distributive services for the sale of goods to final users other than for personal consumption expenditures. Examples of distributive services provided by wholesalers include merchandise handling, stocking, selling, and billing. Wholesale trade output is measured one way for merchant wholesalers, agents, and brokers and another way for manufacturers' sales branches. For merchant wholesalers, agents, and brokers (on own account), wholesale margin is measured as wholesale sales receipts less the cost of goods sold plus taxes collected by the distributor. For manufacturers' sales branches, it is measured as expenses plus taxes collected by the sales branches. Nonmargin output occurs when the wholesale trade service is purchased separately from the commodity. Nonmargin output includes, for example, a sales commission paid to a wholesaler acting as a broker. Nonmargin output is measured as the sum of expenses on goods sold by manufacturers' sales offices, commissions on goods sold by agents and brokers, and customs duties. Wholesale trade output—both margin and nonmargin—is included in the wholesale trade row (row 69A) of the use table. Retail trade has one primary product— distributive services for the sale of goods to persons. Retail output is defined as the retail margin, which is measured as retail sales less the Text continues on page 90. 83 April 1994 SURVEY OF CURRENT BUSINESS Table C—Input-Output Commodity Composition of Final Demand, in Producers' [Millions of dollars] Personal consumption expenditures Commodity number 1 2 3 4 5+6 7 8 9+10 .... 11 Producers' prices Transportation costs 3.090 15.682 3,763 3,215 12 13 14 15 16 17 18 19 20+21 .. 22+23 .. 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 ., 35 36 37 38 1,099 201,153 20,774 1,047 4,992 71,153 10,088 1,820 19,469 11,902 59B .... 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 T ..., ... ..., ... .... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,019 121 13 113 360 49 43 132 357 7 400 267 134 31 0 164 886 10 11,741 10,923 978 784 0 23,958 25,019 194 60,189 11,669 13.619 1,518 2,705 2,468 2,072 63 39 104 2 2 0 14 15 102 5 2 0 3 2 0 4 46 8 3 319 46 164 2 140 11 72 0 525 1,464 3,600 461 248 0 583 176 0 117 49 50 51 52 53 54 55 56 57 58 59A .... 52 0 0 41 0 33 0 0 5 292 39 40 41 42 43 44+45 . 46 47 48 96 647 0 138 0 36 0 0 3,290 883 161 11,997 2,278 18,387 263 5,277 101,875 3,133 2,626 108 1 82 16 21 400 0 0 0 316 11,043 4,456 4,625 27,179 9,990 6,151 3,472 29,349 0 r I 0 1 RQR 1 ,030 61.963 1,326 63,318 25,544 14,864 0 0 0 0 0 0 0 0 262 135,789 81,638 OOC 0 r I 0 •\A/ OcO, IH» 122,178 20,180 48,030 0 0 0 0 855 31,456 12,602 66' 169,638 67,684 47,411 363,015 148,974 6,430 14,152 29,295 13,705 0 Purchasers' prices 1,034 13,806 1,652 4,219 32,703 5.466 0 0 62 0 21 0 0 647 0 241 0 89 0 0 1.078 100,843 13,651 1,024 4,173 60,712 9,245 1,646 17,015 7,712 2,182 307.016 34.546 2,084 9,278 132,225 19,381 3,508 36.616 19,972 148 447 4,808 9.177 16,949 20,366 2,040 1,506 929 691 0 16,617 16,865 ( 0 0 0 0 0 0 527 0 0 ( -31,136 7,709 I 20,949 40,738 42,770 89 294 95,755 26,388 27,427 3,479 5,826 11 57 0 404 25 131 0 942 1,551 3,626 3,030 7,327 228 247 0 523 113 0 98 693 497 0 2,221 822 113 1,108 291 0 220 5,557 1,713 277 0 0 0 0 446 0 84 0 358,627 17,300 198 0 0 0 2,369 0 0 3,920 15,467 0 0 0 0 795 0 0 0 0 0 0 155 0 0 0 13 36 21 2,811 0 1,945 2,302 16,909 5,032 13,439 15,053 11,072 747 33,476 7,186 5,878 2,657 7,770 2,233 16,605 20,086 4,556 35,156 21,728 144 409 0 3,993 24,316 2,107 9,410 128,816 5,348 2,755 62,933 6,591 8,843 3,183 33,814 5,653 3,876 88 405 5,067 4,396 7.956 30,458 16,191 8,868 12,602 58,036 9,990 6,151 3,472 29,349 1 Wfi i ,oyo 61,963 1,326 63,318 25,544 14,864 0 0 0 0 r I 0 0 0 0 0 0 0 0 0 f I 0 0 262 135,789 81,638 0 5 c 4 At <ic.Q, 14* 1,542 20,253 122,178 20,180 48,030 1,177 31,456 12,915 661 169,638 67,886 47,411 363.015 148,974 6.430 14,152 31,365 33,959 ( 0 0 0 322 0 313 ( 202 0 0 0 0 ( 435 0 0 0 0 0 0 0 0 23 0 0 0 0 0 0 0 0 0 53 0 0 11 128 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0 1 1 20 0 106 27 513 97 181 185 96 8 122 75 106 72 4 132 0 27 1,622 55 7 72 131 24 255 0 0 0 0 465,20- 0 0 0 0 21 0 0 0 0 0 0 0 0 0 963 0 0 0 0 0 0 489 0 84 0 358.627 17,300 198 0 0 0 3,385 0 0 0 0 795 0 0 0 0 0 0 196 0 0 0 13 42 23 6,700 1,033 2,100 2,551 714 123 7,525 2,543 820 1,448 0 2,440 2,500 24,122 6,162 15,720 17,789 11,882 878 41,122 9.804 6.803 4,177 110 549 1,338 23,198 0 153 0 0 0 0 0 3,072,252 678,397 4,155 0 0 0 0 0 0 0 -24,960 333 596 916 127 449 1,188 515 138 502 1,199 558 197 3,001 1,292 467 179 606 1,204 864 24 557 237 604 208 333 42 50 198 153 101 331 306 110 3 608 446 787 361 3,692 2,093 1.052 2,936 69,433 6,969 8,985 3,632 37,637 7,770 5,183 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,878 323 135 376 0 0 242 599 412 0 0 0 0 0 0 0 0 0 0 0 36 0 0 0 0 5 1 296 0 389 171 0 r\ I 0 0 t \ 0 1,771 1,157 0 r\ I 0 r U -8 0 0 457 6,409 18,266 0 r 23,701 7,509 0 1,100 -1,758 2,478 2,672 4,389 0 0 0 0 101 0 19 1,446 0 0 0 0 0 0 0 0 0 0 10 -719 -4,261 0 0 3,127 0 0 0 0 0 1 0 0 0 0 0 0 0 r 23,701 0 0 10 7,509 0 8,115 1,745 2,132 1,070 1,285 398 2,181 0 r I 0 0 0 39 0 59 0 0 0 0 0 0 0 0 0 0 0 0 85 3.598 -21,361 1,969 0 0 0 0 I ( 0 0 0 50,339 I I 732,891 0 ] -17,817 21,616 * Less than $500,000 in absolute value. 1. The values shown in the producers' prices columns for I-O's 65 and 69 are for direct purchases of trade and transportation services. The corresponding values in the use table include the trade margins and transportation 4 119 1 0 -1 342 15 17 0 0 n 43 2 5 6 6 1 48 2 39 1 16 22 50 10 37 6 12 8 86 73 2 5 34 56 13 1 4 2 10 1 17 1 1 n 1 4 3 1 2 -2 7 4 4 c 202 55 -2 6 1 2 27 0 0 0 0 n I 0 0 0 0 0 0 0 0 0 f (. 0 0 0 0 0 0 Purchasers' prices 485 17 14 515 1,129 2,069 15,946 37 0 14 61 56 10 0 0 32 587 122 636 544 122 559 2,663 1,494 633 15 81 2,725 12,111 2,591 1,407 782 1,197 362 3,645 684 5,922 262 555 1.062 14.630 542 5.364 2,959 983 342 6,128 3,233 666 777 1,019 1,407 3,303 166 869 2,123 2,634 2,899 6,063 540 2,335 2,696 4,182 1,660 13,167 1,217 1,847 943 1,358 4,137 12,596 2,404 12,918 10,874 22,891 1,278 10,311 2,224 2,831 731 300 7,209 10,186 1 1 Qtyi i ,yoc 0 0 2,496 0 n I 0 0 0 13 0 0 0 0 0 0 0 0 0 0 0 0 0 52 0 59 0 0 0 0 0 0 0 18 39 0 0 0 0 1,492 0 0 0 0 0 0 0 ] 156 0 ( [ I 4,929 0 • 0 134 161 37 1,275 85 12,598 2,906 10,830 49 31 928 2,398 1,546 4/0 271 31 0 0 0 0 0 110 6 0 63 780 8 237 0 0 27 585 12 15 24 3 2 236 8 313 6 25 14 910 20 525 16 30 17 278 209 7 22 64 77 63 3 10 26 112 29 270 10 28 30 38 58 174 10 24 24 14 41 130 38 325 362 177 17 48 c 7 S 0 0 0 0 n I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( 2,164 4,267 I ( 0 1,222 0 c Purchasers' prices 12,747 1 0 0 0 0 0 0 0 Wholesale and retail trade margins Transportation costs Producers' prices -711 3 246 -3,896 10 113 0 0 18 (*) 27 1,468 8 -1,735 1 9 0 0 0 0 11 468 239 2,053 108 351 29 633 25 443 123 1,575 33 367 147 1,352 46 644 66 1,021 3 132 14 480 132 1,342 56 622 124 272 14 553 186 1,392 67 636 22 228 501 3,588 1,500 136 62 530 31 214 74 715 150 1,410 43 921 1 25 53 614 8 247 161 775 18 227 133 483 13 56 14 65 6 204 15 169 8 113 20 354 34 340 19 131 -6 -4 106 721 58 508 47 838 38 403 319 8,636 1,945 145 2,127 -2 92 1,167 1,327 42 171 570 2,714 506 0 0 0 0 0 0 0 0 c» Imports of goods and services Exports of goods and services A-l C 0 0 0 0 ( ( 0 0 0 Wholesale and retail trade margins Transportation costs Producers' prices Purchasers' prices 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -31,136 7,709 Change in business inventories 0 0 0 0 0 0 0 4,389 0 I I 2,566,099 0 Wholesale and retail trade margins Transportation costs Producers' prices 33,098 12,647 13.745 1,922 3,017 r ( Gross private fixed investment Whnle wnoiesale and retail trade margins 16 144 169 0 0 I 457 I I 31,653 1,388 587 99 58 117 69 430 93 313 18 22 137 1,027 255 205 564 126 43 1,258 434 46 142 122 178 298 6 113 56 597 471 1,205 122 290 430 369 123 2,418 364 148 107 268 394 1,518 334 515 938 338 63 1,082 748 690 0 0 0 0 3,503 1,558 880 15 81 2,784 14,084 3,190 1,521 863 1.318 433 4.311 785 6,548 286 601 1,213 16,567 816 6,094 3,539 1,139 402 7,664 3,876 719 941 1,205 1,663 3,665 174 992 2,206 3,343 3,398 7,538 671 2,653 3,156 4,589 1,840 15,759 1,591 2,019 1,074 1,641 4,572 14,244 2,776 13,758 12,174 23,405 1,358 11,441 2,981 3,599 731 300 7,209 10,186 1 1 Q^f 1 ,yoc 0 2,496 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r\ I 0 0 0 0 0 0 0 0 992 I ( 0 134 161 37 -808 -2,353 -3,747 -16 -1,349 -65 -28,965 -734 0 0 -467 -18,538 -880 -3.601 -919 -25,395 -1,772 -6,399 -5,287 -9,914 -126 -226 -1,335 -10,727 -990 -2,009 -7,590 -1,281 -214 -13,332 -9,702 -9,700 -1,837 -4,513 -10,824 -6,992 -155 -961 -2,261 -6,573 -2,102 -5,402 -1,321 -4,911 -4,993 -6,947 -604 -17,329 -1,504 -3,346 -2,950 -3,341 -20,190 -13,704 -4,511 -61,157 -16,950 -6,875 -2,937 -9,990 -5,696 -15,769 -135 0 3,264 -5,711 n U 0 0 -986 -1,763 0 1,275 15,533 85 0 12.598 2,906 -161 -3,078 n I 0 10,830 49 31 928 2,398 1,546 0 0 -104 -391 -740 0 0 -64 0 _< 0 0 31 1,222 5,711 -78,696 -2,068 0 31,65: I -17,817 28,037 I 315,267 I 8,28 25,019 348,572 Purchasers' prices 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r I 0 ft u 0 0 0 0 0 0 0 0 0 r I 0 0 0 0 0 0 0 0 0 0 0 0 ( c ( c -490,442 costs associated with all purchases by each industry or category of final uses. -808 -2,353 -3,747 -16 -1,349 -65 -28,965 -734 0 0 -467 -18,538 -880 -3,601 -919 -25,395 -1,772 -6,399 -5,287 -9,914 -126 -226 -1,335 -10,727 -990 -2,009 -7,590 -1,281 -214 -13,332 -9,702 -9,700 -1,837 -4,513 -10,824 -6,992 -155 -961 -2,261 -6,573 -2,102 -5,402 -1,321 -4,911 -4,993 -6,947 -604 -17,329 -1,504 -3,346 -2,950 -3,341 -20,190 -13,704 -4,511 -61,157 -16,950 -6,875 -2,937 -9,990 -5,696 -15,769 -135 0 3,264 -5,711 (1 u 0 0 -986 -1,763 0 15,533 0 ( 0 -161 -3,078 n u 0 -104 -391 -740 0 0 0 0 0 0 t 4/0 271 16 144 169 I I Wholesale and retail trade margins Transportation costs Producers' prices t ( ( 0 0 ( ( 0 0 0 0 I ( ( ( c ( I ( I —tOo 0 0 -64 0 -9 0 0 -78,696 -2.068 0 0 0 0 -490,442 April 1994 SURVEY OF CURRENT BUSINESS and Purchasers' Prices, 1987 Benchmark1 Federal Government purchases, national defense Producers' prices Transportation costs 2 0 0 38 -142 56 5 -2 7,495 4,358 20,365 189 0 105 3 566 140 32 39 124 42 15 428 1,793 9 13 472 160 1 2,649 480 47 22 51 78 395 57 491 110 407 1,879 303 312 180 76 542 2,573 3,493 101 467 38 41 4,964 5,884 1,577 609 1,050 33,306 6,754 23,710 704 123 234 2,309 677 1,817 0 1,954 0 1,734 465 184 0 0 0 36 0 547 692 65 2,833 7,561 15,944 79 371 94 823 -352 1,127 312 80 8,673 -104 108,244 -161 0 0 286,011 •3 0 0 -5 17 0 -2 0 0 42 3 0 n 0 5 1 1 (*) 3 (*) 1 2 66 n 1 3 4 0 109 71 1 (*) 8 6 1 12 1 22 18 10 6 1 1 6 95 49 1 8 1 (*) 21 62 14 15 27 97 5 91 3 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 911 Wholesale and retail trade margins Federal Government purchases, nondefense Purchasers' prices n 0 0 0 -1 1 0 0 0 0 39 18 0 2 0 54 34 2 5 14 n n 20 79 3 n 96 24 0 651 87 6 1 12 5 25 3 59 8 120 378 49 95 13 18 91 175 645 20 94 4 6 227 718 102 25 97 360 20 341 253 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,131 2 0 0 38 -148 74 5 -3 7,495 4,358 20,446 210 0 107 3 625 175 34 45 141 43 16 450 1,938 12 14 570 189 1 3,408 637 54 23 65 91 426 60 562 119 549 2,275 362 413 194 95 639 2,843 4,187 122 570 43 47 5,211 6,663 1,693 649 1,174 33,763 6,780 24,141 Producers' prices Transportation costs 10 750 -1,112 84 1 29 -177 4 8,055 1,900 2,380 1,836 0 10 27 1 45 13 90 243 31 138 669 100 15 1 324 42 5 545 157 4 37 57 72 250 0 168 28 75 167 18 9 40 6 18 84 675 21 168 4 21 301 28 95 131 43 1,206 405 1,540 959 162 234 -547 2,309 2,368 677 0 130 648 0 1,954 1,899 0 0 937 114 53 0 0 1,817 1,734 465 184 0 0 0 36 0 547 692 65 2,833 7,561 15,944 79 371 94 823 425 469 1,400 1,710 0 696 254 60 1,300 538 4,963 5 768 92 179 965 -352 1,127 6,199 312 80 97 31 8,673 -104 108,244 -161 1,443 42,383 -356 0 0 0 0 292,052 91,883 778 (*) 0 0 0 (*) 9 34 4 0 0 0 1 0 0 n 0 n (1 * ) 6 0 1 16 -13 1 n 2 2 n 21 12 0 1 2 4 5 0 2 0 3 2 1 (*) n 0 0 2 7 0 2 n (1 * ) 0 1 3 1 5 1 5 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 149 Wholesale and retail trade margins State and local government purchases, education Purchasers' prices n 0 11 750 0 0 0 1 20 0 0 0 1 7 0 0 2 -1,112 n 11 1 12 26 n 1 48 12 3 0 66 10 1 127 27 0 6 9 1 20 0 15 1 39 3 3 1 2 1 2 4 97 7 36 n 5 12 2 6 5 4 0 4 144 150 -112 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 843 84 1 38 -124 9 Producers' prices Transportation costs 30 220 6 284 0 21 0 0 8,055 1,900 2,381 1,844 10,091 5,912 0 10 30 1 57 14 103 275 31 139 733 99 20 1 392 54 6 692 195 4 44 67 76 274 0 185 29 117 172 22 10 42 7 20 90 779 28 206 5 26 314 30 101 140 47 -1 58 8 15 95 59 992 1,211 410 1,688 577 -657 469 1 3,739 1,183 32 302 3,403 567 111 1 86 119 228 3,789 88 8 66 6 4 4 0 216 177 0 84 4 134 69 n 116 1,196 476 140 101 284 335 81 71 1,288 294 0 103 517 1,015 1,184 2,169 130 648 0 483 0 876 3 1,899 2,519 2,368 0 937 114 53 0 0 1,400 1,710 0 696 254 60 1,300 538 4,963 5 768 92 179 965 0 4,541 685 1,018 0 0 0 666 0 713 -1.237 301 1,402 1,729 4,136 416 -5,546 823 189 -10 6,199 -15,934 97 31 128 171 43 683 1,444 778 42,383 -356 173,286 0 0 0 0 0 92,875 213,720 n n 0 55 0 4 0 0 0 0 0 81 0 1 n 0 n 4 7 48 1 12 86 37 4 n 1 5 12 131 9 0 2 1 1 Wholesale and retail trade margins 2 65 1 0 0 (*) 0 0 0 0 0 450 -1 4 1 -1 17 11 159 77 2 11 278 39 46 0 18 24 30 897 26 0 13 8 (*) n 0 0 2 7 0 2 0 2 1 0 5 15 5 1 2 2 2 1 1 33 10 0 5 2 4 38 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 0 0 0 0 918 0 3 84 0 30 1 20 6 0 9 347 178 14 8 72 39 9 11 52 96 0 15 38 365 319 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 4 0 0 0 0 3,899 State and local government purchases, other Purchasers' prices 32 340 8 284 0 26 0 0 Producers' prices Transportation costs 54 368 -419 756 0 11 0 -19 10,091 5,912 61,020 19,816 1 116 4,271 2,114 -1 63 9 14 112 74 -10 84 43 838 347 55 784 1,158 1,308 1,057 35 325 125 154 3,768 1,466 1,635 642 161 1 105 147 271 4,816 123 n 80 75 7 5 4 0 221 269 0 116 5 156 75 213 1 2,778 321 66 4,142 1,260 105 207 104 51 54 3 1 61 373 265 1,274 658 155 112 358 377 90 83 9 102 5 162 135 786 179 132 134 189 368 94 120 1,373 4,426 400 0 124 557 422 20 411 n 129 1,558 1,384 1,541 2,169 2,732 1,589 483 0 876 3 747 229 486 89 990 65 2,519 3,021 0 0 4,541 7,180 685 987 -35 0 0 1,018 0 0 0 666 0 713 -1,237 9,366 161 0 5,850 2,073 301 597 1,402 1,729 4,136 3,845 -73 7,298 416 181 -5,546 2,138 1,400 -1,641 -32,747 -318 1,354 823 189 -10 -15,934 128 171 57 687 187 6 173,286 1,589 142,873 0 0 0 0 0 0 218,272 271,585 1 61 (*) 0 0 2 0 102 0 0 1 60 n 1 1 10 2 2 2 33 3 5 15 104 12 H 19 12 3 141 52 1 5 5 6 2 0 0 (*) 10 3 45 0 0 1 4 8 2 1 3 1 2 1 2 114 14 0 8 12 7 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 918 Wholesale and retail trade margins 3 99 3 0 0 (*) 0 6 0 0 11 260 -7 6 5 83 58 6 151 87 9 5 62 124 61 0 566 50 9 1,018 236 9 40 12 5 3 n (*) 4 273 11 263 3 12 0 12 11 230 77 12 13 45 44 10 22 180 172 n 23 648 572 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 5,818 Purchasers' prices 57 528 -416 756 0 13 0 89 61,020 19,816 128 2,435 -17 91 49 931 406 63 937 1,178 137 164 1,543 1,863 286 1 3,363 383 78 5,301 1,549 Commodity number 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 26A 26B 27A 27B 26 29A 29B 30 31 32 115 252 121 61 58 3 1 66 656 279 33+34 1,581 44+45 12 116 5 176 150 1,024 257 146 150 235 414 105 144 4,721 608 20 443 3,392 2,168 960 229 486 89 990 65 3,021 0 7,180 987 -35 0 0 9,366 161 0 5,850 2,073 597 3,845 -73 7,298 181 2,138 1,400 -1,641 -32,747 -318 1,354 187 8 1,591 142,873 0 0 0 278,320 35 36 37 38 39 40 41 42 43 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 T • 85 86 • April 1994 SURVEY OF CURRENT BUSINESS Table D.—Input-Output Commodity Composition of Personal Consumption Expenditures, in Producers' and Purchasers' Prices, 1987 Benchmark [Millions of dollars] NIPA code/ 1-0 number Producers' prices Wholesale and retail trade margins Transportation costs Purchasers' prices 211,016 1,722 11,383 2,584 2 194,576 60 5 1,201 -516 7,811 19 2,585 48 1 4,863 9 0 285 0 111,975 644 9,323 1,346 1 100,017 43 0 603 0 330,802 2,385 23,291 3,978 4 299,456 112 5 2,089 -516 4. Purchased meals and beverages (n.d.) Total 65A 65D 74 76 77B 172,236 36 93 169,638 2,434 35 0 0 0 0 0 0 0 0 0 0 0 0 6,464 158 174 25 6,107 200 2 42 899 8 61 4 827 156 7,563 167 276 30 7,090 6. Food produced and consumed on farms (n.d.) Total 1 2 14 714 107 138 470 Wholesale and retail trade margins Purchasers' prices Total 72A 72B 8,328 62 8,266 0 0 0 0 0 0 8,328 62 8,266 13,505 1,463 11,926 116 26,230 3,065 23,573 -409 714 107 138 470 NIPA code/ I-O number 41 42 64 69B 81 18. Jewelry and watches (d.) 12,698 1,599 11,624 -525 Total 62 64 81 27 4 23 0 9,443 9,428 15 Total 72B 73C 0 0 0 0 0 0 9,443 9,428 15 21. Toilet articles and preparations (n.d.) 17,370 69 15,497 20 589 427 221 549 Total 19 29B 32 42 54 58 64 405 1 309 1 25 12 13 45 Total 72A 72B 76 16,078 311 13,513 2,254 0 0 0 0 Producers' prices 1,350 600 415 27 8 Transportation costs 12 28 1 0 0 Wholesale and retail trade margins Purchasers' prices 1,431 791 498 0 114 2,793 1,419 914 27 122 32. Other durable house furnishings (d.) 12,203 66 10,795 17 347 256 175 548 29,979 135 26,601 37 960 695 408 1,142 22. Barbershops, beauty parlors, and health clubs (s.) 0 0 0 0 0 0 0 0 Transportation costs 19. Other misc. personal, clothing and jewelry services (s.) 172,236 36 93 169,638 2,434 35 5. Food furnished to employees (including military) (n.d.) Total 1 2 3 14 Producers' prices 17. Cleaning, storage, and repair of clothing and shoes (s.) 3. Food purchased for off-premise consumption (n.d.) Total 1 2 . 3 9+10 14 27A 69B 80 81 NIPA code/ I-O number 16,078 311 13,513 2,254 0 0 0 0 Total 17 19 20+21 22+23 26B 32 33+34 35 36 40 42 44+45 47 48 50 51 52 53 54 55 56 61 62 64 69B 80 81 .... .... .... .... 17,946 4,776 1,371 1,357 1,569 72 203 127 358 1,146 80 1,495 248 583 176 88 237 16 81 104 1,035 793 35 481 1,268 200 725 -677 566 108 6 32 23 0 5 3 12 17 n 32 2 3 2 1 3 n 3 34 3 3 3 98 0 173 0 17,748 4,006 1,095 1,107 995 48 202 109 375 917 53 1,827 247 523 113 80 311 17 56 72 1,033 535 32 377 1,508 0 673 1,439 36,260 8,891 2,472 2,495 2,587 119 410 239 745 2,080 133 3,354 497 1,108 291 170 551 32 138 179 2,102 1,331 69 860 2,874 200 1,571 763 33. Semidurable house furnishings (n.d.) 24. Owner-occupied nonfarm dwellings-space rent (s.) 7. Tobacco products (n.d.) Total 15 20,774 20,774 121 121 13,651 13,651 34,546 34,546 26,027 6,299 19,703 25 Total 71B 12,264 2,801 9,463 O 60 34 26 0 13,703 3,465 10,213 25 50,938 660 43,726 98 3,141 166 84 2,997 222 2 -158 358 7 200 1 92 20 3 21 14 0 0 47,121 666 40,297 121 2,651 184 97 2,642 261 0 203 98,416 1,333 84,223 220 5,883 369 184 5,661 496 2 45 15. Men's and boys' clothing and accessories, except shoes (n.d.) Total 16 18 19 32 33+34 .... 64 81 28,267 95 27,345 69 34 750 101 -126 177 1 159 1 1 8 7 0 21,310 92 20,404 73 33 514 105 90 120,032 120,032 0 0 321,380 321,380 49,754 188 47,908 142 68 1,271 212 -36 0 0 0 0 120,032 120,032 26. Rental value of farm dwellings (s.) Total 71A 71B 14. Women's and children's clothing and accessories, except shoes (n.d!) Total 16 18 19 24 26B 32 33+34 .... 64 69B 81 0 0 25. Tenant-occupied nonfarm dwellings-rent (s.) 12. Shoes and other footwear (n.d.) Total 32 33+34 .... 81 321,380 321,380 Total 71A 4,888 3,764 1,124 0 0 0 0 0 0 4,888 3,764 1,124 16,808 16,808 0 0 0 0 16,808 16,808 29. Furniture, including mattresses and bedsprings (d.) Total 22+23 .... 81 18,091 17,882 208 108 108 0 16,270 16,011 259 34,469 34,001 468 30. Kitchen and other household appliances (d.) Total 22+23 .... 38 40 52 54 58 81 12,837 18 54 445 712 11,380 222 6 324 o 14 7 301 2 0 9,749 267 81 3 7,768 79 2 435 150 11 114 675 3 161 O 154 5 2 0 35 0 0 9 3 2 3 58 0 38 0 9,427 265 81 3 7,187 63 2 431 155 11 121 919 0 170 21 19,330 536 165 6 14,990 142 3 875 308 25 237 1,651 3 369 20 34. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d.) 27. Otller housing (s.) Total 72A Total 16 17 18 19 26B 31 32 35 37 41 64 69B 80 81 8,620 9 36 351 651 7,408 120 45 21,781 27 91 809 1,370 19,089 344 50 Total 3 9+10 17 19 24 25 26B 27A 27B 29B 30 32 36 42 53 55 58 64 20,022 56 35 94 84 5,919 292 23 178 784 9,358 194 237 327 431 74 807 823 305 950 2 32 1 1 180 7 0 21 31 561 10 5 52 3 2 8 11 23 12,123 18 20 40 39 2,864 148 11 125 691 5,904 89 119 154 185 51 111 577 312 33,095 76 86 135 124 8,963 447 34 324 1,506 15,823 294 361 534 620 127 1,592 1,411 641 35. Stationery and writing supplies (n.d.) 31. China, glassware, tableware, and utensils (d.) 16. Standard clothing issued to military personnel (n.d.) Total 16 18 33+34 .... 133 25 80 28 1 n 0 n 13 2 9 2 146 27 89 30 Total 20+21 .... 32 35 36 38 6,520 381 1,956 1,000 765 18 121 9 34 24 14 1 8,090 506 2,484 1,382 864 21 14,732 896 4,473 2,406 1,643 40 Total 24 26B 27A 32 64 3,882 1,086 2,220 240 6 331 135 36 55 39 n 4 6,005 1,378 3,658 309 10 650 10,022 2,500 5,932 588 16 985 April 1994 • SURVEY OF CURRENT BUSINESS 8j Table D.—Input-Output Commodity Composition of Personal Consumption Expenditures, in Producers' and Purchasers' Prices, 1987 BenchmarkContinued [Millions of dollars] NIPA code/ I-O number Transportation costs Producers' prices Wholesale and retail trade margins Purchasers' prices NIPA code/ I-O number 37. Electricity (s.) Total 68A 63,318 63,318 Total 68B 25,544 25,544 Producers' prices Transportation costs Wholesale and retail trade margins Purchasers' prices NIPA code/ I-O number 49. Other professional medical services (s.) 0 0 63,318 63,318 0 0 0 0 25,544 25,544 Total 73C 77A 38,652 495 38,158 0 0 0 0 0 0 79 38,652 495 38,158 0 0 0 51. Hospitals (s.) Total 77A 0 0 0 20,800 14,672 6,128 4,794 62 33 79 4,620 0 11,201 241 118 294 10,356 192 165,479 165,479 0 0 0 0 165,479 165,479 Total 81 14,070 14,070 6,102 138 83 192 5,498 192 305 41 2 23 239 0 Total 77A 29,510 29,510 0 0 29,510 29,510 0 0 0 0 21,305 21,305 56. Health insurance (s.) Total 70B 21,305 21,305 0 0 61. Brokerage charges and investment counseling (s.) 51,879 51,049 830 0 0 0 0 0 0 51,879 51,049 830 0 0 0 8,242 533 7,709 42. Domestic service (s.) Total 73C 84 8,242 533 7,709 0 0 0 24,691 44 5,996 114 36 12 3,275 4,131 92 4,712 6,269 10 2 2 0 0 0 0 0 0 0 0 0 0 20 16 0 0 0 0 0 0 0 0 0 4 24,714 63 5,996 114 36 12 3,275 4,131 92 4,712 6,269 14 45. Drug preparations and sundries (n.d.) Total 24 27A 29A 31 32 54 55 62 27,762 1,620 74 23,958 24 323 41 7 1,718 232 43 4 164 1 12 1 0 7 19,012 682 35 16,617 17 227 18 5 1,413 Total 70A 23,398 23,398 0 0 0 0 23,398 23,398 62. Bank service charges, trust services, and safe deposit box rental (s.) Total 70A 18,349 18,349 Total 70A 0 0 0 0 18,349 18,349 0 0 0 0 93,475 93,475 2,688 194 548 1,940 6 13 3 2 8 0 5,337 284 1,014 4,040 0 8,038 480 1,564 5,988 6 47. Physicians (s.) Total 77A 99,923 99,923 0 0 0 0 99,923 99,923 48. Dentists (s.) Total 77A 26,416 26,416 0 0 14,209 14,209 28,280 28,280 0 0 747 728 19 0 10,453 6,382 1,315 2,756 45,039 35,342 5,317 4,381 2,174 1 16 1,936 Total 75 76 77B 67,759 67,684 57 18 0 0 0 0 <l 3 1 3 4 8 11,036 117 166 5,364 10 279 18 154 290 625 26 1,857 2,107 22 25,238 238 346 12,719 21 563 50 310 622 1,275 65 4,139 5,348 -457 202 202 0 0 67,961 67,886 57 18 28,460 28,460 85,355 85,355 108 0 74. Repair, greasing, washing, parking, storage, rental, and leasing (s.) 75. Gasoline and oil (n.d.) Total 31 54,666 54,666 2,229 2,229 76. Bridge, tunnel, ferry, and road tolls (s.) 64. Expense of handling life insurance (s.) Total 70B 41,459 41,459 0 0 0 0 Total 79 41,459 41,459 65. Legal services (s.) Total 73B 47,006 2,345 112 40,738 41 561 60 12 3,137 93,475 93,475 33,839 28,232 3,982 1,625 12,029 120 164 5,419 11 279 29 155 330 646 38 2,186 3,133 -479 31,069 31,069 Total 70B 0 0 0 0 31,069 31,069 6,259 466 11 90 1,022 4,670 23 21 2 0 0 0 1,105 1,081 24 0 0 0 15,522 15,522 7,387 1,569 36 90 1,022 4,670 0 0 0 0 2,016 2,016 0 0 0 0 15,522 15,522 0 0 4,583 4,583 0 0 2,359 2,359 0 0 576 576 0 0 1,364 1,364 0 0 19,935 19,935 79. Mass transit systems (s.) Total 65A 66. Funeral and burial expenses (s.) Total 36 42 65D 71B 72B 2,016 2,016 77. Motor vehicle insurance (s.) 4,583 4,583 Total 65A 2,359 2,359 0 0 80. Taxicab (s.) 46. Ophthalmic products and orthopedic appliances (d.) Total 58 62 63 81 0 0 Total 19 29B 32 35 42 50 52 55 56 57 58 59B 81 63. Services furnished without payment by financial intermediaries except life insurance carriers and private noninsured pension plans (s.) 43. Other household operation (s.) Total 54 , 65B 65C 65D 69B 70B 72B 73B 73C 78 81 Purchasers' prices 73. Tires, tubes, accessories, and other parts (d.) 41. Telephone and telegraph (s.) Total 66 72A Total 59A 61 81 55. Nursing homes (s.) 40. Fuel oil and coal (n.d.) Total 7 20+21 .... 27A 31 68C Wholesale and retail trade margins 72. Other motor vehicles (d.) 0 0 39. Water and other sanitary services (s.) 20,800 14,672 6,128 Transportation costs 71. Net purchases of used autos (d.) 38. Gas (s.) Total 68C Producers' prices 0 0 82. Railway (s.) 67. Other personal business (s.) Total 66 70A 70B 72B 73B 73C 73D 77B 78 80 26,416 26,416 12,087 203 568 37 1,230 295 1,331 661 7,541 161 62 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,087 203 568 37 1,230 295 1,331 661 7,541 161 62 17,934 17,934 93,474 93,474 Total 65A 576 576 0 0 83. Bus (S.) Total 65A 1,364 1,364 Total 65D 19,935 19,935 0 0 84. Airline (s.) 0 0 70. New autos (d.) 85. Other intercity transportation (s.) Total 59A 73,642 73,642 1,898 1,898 Total 2,061 0 0 2,061 88 • April 1994 SURVEY OF CURRENT BUSINESS Table D.—Input-Output Commodity Composition of Personal Consumption Expenditures, in Producers' and Purchasers' Prices, 1987 BenchmarkContinued [Millions of dollars] NIPA code/ I-O number Producers' prices 65A 65B 65C 65E Transportation costs Wholesale and retail trade margins Purchasers' prices 0 0 0 0 0 0 0 0 177 155 133 1,596 177 155 133 1,596 87. Books and maps (d.) Total 26B 69B 81 7,887 7,875 13 _-| 149 149 0 0 4,968 4,924 0 44 13,004 12,948 13 43 88. Magazines, newspapers, and sheet music (n.d.) Total 26A 26B 81 12,020 11,741 421 -142 444 400 44 0 5,039 4,808 231 0 17,503 16,949 695 -142 89. Nondurable toys and sport supplies (n.d.) Total 1 3 13 17 24 26B 27A 32 53 55 58 63 64 72B .. 81 .. 11,514 134 319 406 41 137 67 235 62 6 100 186 1,472 8,339 11 -1 157 9 0 4 1 6 0 37 2 r 2 7 89 0 0 13,674 19 257 397 46 138 60 338 79 6 128 169 2,146 9,892 0 1 25,345 162 576 807 88 281 127 610 143 12 229 357 3,624 18,320 11 14,023 693 508 91 217 194 461 38 316 7,025 111 1,214 2,490 505 159 146 1 3 30 4 8 5 1 1 60 O 6 27 0 0 11,406 681 549 121 245 173 228 5 88 3,720 129 1,770 3,270 0 427 25,575 1,376 1,060 242 466 375 693 44 405 10,806 241 2,989 5,787 505 586 91. Video and audio products, computing equipment, and musical instruments (d.) Total 33+34 .... 51 56 57 58 64 73A 80 81 23,508 37 3,052 16,948 212 1,407 861 855 115 22 254 8 157 1 13 12 0 27 0 19,356 20 1,911 15,444 118 806 568 322 87 78 43,118 58 5,006 32,550 331 2,226 1,441 1,177 229 100 'Less than $500,000. NOTE.—The identifying numbers for the personal consumption categories are those used in table 2.4 in the National Income and Product Accounts of the United States, Volume 2, 1959-88. Producers' prices Wholesale and retail trade margins Transportation costs Purchasers' prices 92. Radio and television repair (s.) Total 57 72B 73C . 3,510 13 3,168 329 0 0 0 0 0 0 0 0 3,510 13 3,168 329 Total 2 73C 80 4,128 3,988 130 10 590 588 0 2 4,432 4,423 0 9 NIPA code/ I-O number 79 80 81 9,149 8,998 130 21 3,443 12 3,362 70 0 0 0 0 4,087 3,938 149 0 0 0 3,443 12 3,362 70 0 0 0 4,087 3,938 149 97. Spectator sports (s.) Total 76 77B 3,366 1,942 1,424 0 0 0 0 1 401 6,007 3 615 0 0 33,788 33,788 0 2 0 33,788 33,788 0 0 104. Nursery, elementary, and secondary schools (s.) Total 77B 14,496 14,496 0 0 0 0 14,496 14,496 105. Other private education and research (s.) 0 0 0 0 96. Legitimate theaters and opera, and entertainments of nonprofit institutions (except athletics) (s.) Total 76 77B n Purchasers' prices 103. Higher education (s.) 95. Motion picture theaters (s.) Total 65D 76 77B 6,007 , Wholesale and retail trade margins Transportation costs Producers' prices 214 Total 77B 93. Flowers, seeds, and potted plants (n.d.) 0 0 0 3,366 1,942 1,424 Total 76 77B 13,692 365 13,328 0 0 0 0 0 0 13,692 365 13,328 106. Religious and welfare activities (s.) Total 77B 75,284 75,284 0 0 0 0 75,284 75,284 108. Foreign travel by U.S. residents (s.) Total 65C 65D 80 33,932 1,741 9,058 23,134 0 0 0 0 0 0 0 0 33,932 1,741 9,058 23,134 109. Expenditures abroad by U.S. residents (n.d.) 98. Clubs and fraternal organizations (s.) n 90. Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.) Total 13 19 32 33+34 .... 42 43 58 60 61 62 63 64 73C 81 NIPA code/ I-O number Total 76 77B 7,098 5,056 2,041 0 0 0 0 0 0 7,098 5,056 2,041 6,051 1,171 4,880 0 0 0 0 0 0 6,051 1,171 4,880 Total 76 3,010 3,010 0 0 0 0 0 0 0 0 3,888 3,888 -30,323 -30,323 0 0 0 0 -30,323 -30,323 111. Personal remittances in kind to nonresidents (n.d.) Total 83 100. Pari-mutuel net receipts (s.) 3,888 3,888 110. Expenditures in the United States by nonresidents (s.) Total 83 99. Commercial participant amusements (s.) Total 65C 76 Total 80 3,010 3,010 -613 -813 0 0 0 0 -813 -813 Personal consumption expenditures Total 2,566,099 20,949 485,204 3,072,252 101. Other recreational expenditures (s.) Durable commodities (d.) Total 1 3 4 65A 65C 65D 66 67 70B 72A 72B 73C 76 77A 77B 56,808 969 778 647 896 313 126 10,711 1,326 39 2,170 3,614 4,553 20,114 3,529 802 68 66 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1,105 363 28 0 0 0 0 0 0 0 0 0 313 0 0 0 57,982 1,398 806 647 896 313 126 10,711 1,326 39 2,170 3,614 4,866 20,114 3,529 802 Personal consumption expenditures of scrap, used and secondhand goods (I-O 81) from other final demand components are shown net of corresponding sales. (Sales among persons cancel.) However, the trade margin has been measured on all sales of used goods—both among persons Total 249,778 6,528 158,931 415,237 Nondurable commodities (n.d.) Total 673,095 Total 1,643,226 14,328 323,840 1,011,264 2,433 1,645,752 Services (s.) 93 and between personal consumption expenditures and other final demand categories—to the extent that such sales pass through trade channels. The trade margin is usually the largest part of the value of used goods in purchasers' prices. April 1994 SURVEY OF CURRENT BUSINESS • 89 Table E.—Input-Output Commodity Composition of Producers' Durable Equipment Expenditures, in Producers' and Purchasers' Prices, 1987 Benchmark [Millions of dollars] NIPA code/ I-O number Producers' prices Wholesale and retail trade margins Transportation costs Purchasers' prices 5. Computers and peripheral equipment Total 51 81 29,802 29,809 -7 74 74 0 6,652 5,878 774 36,528 35,761 767 4,259 517 3,455 10 232 46 52 7 45 0 0 0 1,820 105 1,605 0 0 109 52 58 73B 81 Producers' prices 2 10 640 2 Wholesale and retail trade margins Transportation costs 0 0 Purchasers' prices 0 1 0 160 2 11 640 162 15. General industrial, including materials handling, equipment 6. Office equipment except computers Total 50 51 73A 73B 81 NIPA code/ I-O number 6,131 628 5,106 10 232 155 7. Communication equipment Total 44+45 .... 46 48 49 50 73B 81 16,167 36 5,029 2 10,238 197 667 -1 189 1 97 0 90 1 0 0 1,855 7 1,033 aS 17 0 116 18,211 44 6,159 2 11,011 214 667 114 NIPA code/ I-O number Producers' prices Wholesale and retail trade margins Transportation costs Purchasers' prices 26. Agricultural machinery, except tractors Total 44+45 .... 58 73B 81 3,281 3,134 11 168 -32 92 92 n 0 0 1,739 1,169 1 0 570 5,112 4,395 12 168 537 27. Construction machinery, except tractors Total 44+45 .... 73B 81 7,116 6,847 313 -43 261 261 0 0 1,430 1,247 0 183 8,807 8,354 313 140 28. Mining and oilfield machinery Total 13 38 51 56 58 62 66 73B 81 40,319 198 36 213 21,663 2,643 9,546 4,389 1,585 47 168 0 1 2 132 22 12 0 0 0 1,562 0 5 41 1,319 137 61 0 0 0 42,050 198 42 256 23,113 2,801 9,619 4,389 1,585 47 11,669 11,137 502 30 58 58 0 0 2,129 2,129 0 0 Total 47 53 62 73B 11,794 788 5,878 4,719 410 147 16 106 25 0 1,263 123 820 320 0 13,203 927 6,803 5,064 410 Total 8 44+45 .... 49 73B 81 13,856 13,324 502 30 Total 59A 59B 81 26,585 21,685 6,591 -1,690 Total 59A 81 24,652 41,248 -16,596 614 559 55 0 924 84 801 14 45 -20 29 0 29 n 0 0 279 0 123 1 0 156 1,232 84 952 15 45 136 29. Service industry machinery 18. Trucks, buses, and truck trailers 8. Instruments Total 62 73B 81 16. Electrical transmission, distribution, and industrial apparatus 2,696 2,104 323 270 29,895 24,347 6,969 -1,421 3,121 2,775 346 28,836 45,086 -16,250 564 32 135 6 391 9,718 213 8,985 883 -363 7,581 34 7,184 346 18 Total 50 52 73B 81 76 1 75 0 0 2,544 1 2,543 0 0 10,201 35 9,802 346 18 19. Autos 30. Electrical equipment, n.e.c. 9. Photocopy and related equipment Total 62 63 73B 81 8,635 2,635 5,653 304 44 30 6 24 0 0 2,520 427 2,093 0 0 11,185 3,067 7,770 304 44 11. Fabricated metal products Total 5+6 27A 37 39 40 42 46 73B 6,285 446 795 13 21 2,811 1,931 4 264 696 21 0 0 1 296 378 0 0 148 23 0 0 1 20 106 0 0 7,129 489 795 13 23 3,127 2,414 4 264 1,063 1,063 0 20. Aircraft Total 22+23 .... 60 62 81 9,144 179 8,843 876 -754 11 2 7 2 0 21. Ships and boats Total 61 81 1,657 1,301 356 2 2 0 165 153 13 1,824 1,456 369 20 7 0 13 Total 43 73B 81 1,811 2,302 64 -556 27 27 0 0 171 171 0 0 2,009 2,500 64 -556 Total 61 73B 81 13,442 12,651 228 558 4 168 165 3 0 0 2,137 1,977 46 0 114 15,747 14,793 278 558 118 14. Special industry machinery, n.e.c. Total 32 42 48 49 16,182 78 14 14,615 821 187 3 iB 6 2,683 18 11 2,463 30 Total 22+23 .... 73B 81 NOTE.—The identifying numbers for the producers' durable equipment 15,756 15,109 664 -16 125 125 0 0 44+45 .... 81 3,913 3,925 -12 99 99 0 Total 17 20+21 .... 32 44+45 .... 61 64 73B 81 2,701 2,631 0 69 18,582 17,865 664 53 2,400 2,347 52 6,411 6,371 41 7,302 252 441 549 113 5,679 270 -2 8,163 1,087 5 62 2,167 598 3,876 445 77 353 24 n 1 32 40 255 0 0 3,529 442 1 10 1,808 217 1,052 0 0 12,044 1,554 6 73 4,007 855 5,183 445 -77 -2,520 -2,520 0 0 0 0 2,520 -2,520 1,966 521 9 8 1,409 19 5,864 1,832 33. Residential (landlord durables) Total 17 22+23 .... 32 54 56 3,807 1,282 179 15 2,266 65 92 29 1 n 61 n • on 4 23 3,736 85 Producers' durable equipment Total categories are those used in table 5.8 in the National Income and Product Accounts of the United States, Volume 2, 1959-88. 958 42 40 110 16 750 0 0 32. Sale of equipment scrap, excluding autos Total 81 25. Tractors Total 19,052 99 26 17,257 856 'Less than $600,000. 31 31 0 0 24. Furniture and fixtures 13. Metalworking machinery Total 47 48 73B 81 1,311 1,285 33 -7 51 3 11 4 5 28 0 0 31. Other nonresidentiai equipment 1,361 1,322 33 6 22. Railroad equipment 12. Engines and turbines 6,294 208 391 435 91 4,901 270 -2 Total 48 54 55 58 62 73B 81 278,028 4,144 47,598 329,771 90 SURVEY OF CURRENT BUSINESS • April 1994 Text continues from page 83. cost of goods sold plus the taxes collected—if any—by retail trade establishments. Retail trade margins also apply to some purchases of goods by other final users; for example, retail trade margins apply to some purchases of personal computers by business and are included in gross private fixed investment. All retail trade margins are included in the retail trade row (row 69B) of the use table. Imports of goods and services, a component of final uses, are treated in one of two ways, depending on whether or not they are comparable to U.S. commercially produced goods and services. Those that are comparable are included in the use table along with the distribution of the output of their domestic counterparts. The U.S. domestic port values of imported commodities are shown as negative entries in the imports of goods and services column of final use (column 95), so that the row total for a commodity equals the domestic output of that commodity. Other imported goods and services—those not comparable to U.S. commercially produced goods and services, and those purchased and used abroad by U.S. residents—are shown in the use table row for noncomparable imports (row 80). Examples of noncomparable imports are coffee beans and parakeets; an example of goods purchased and used abroad by U.S. residents is food purchased by U.S. military personnel stationed abroad. The total value of all noncomparable imports is shown as a single negative entry in the imports of goods and services column (column 95). Imports of goods by commodity (the entries in column 95) are valued at U.S. domestic port values plus duties. Imports of services are valued at producers' values. The entries for transportation imports and for trade imports include adjustments that convert the total of all commodity imports of goods and services to a foreign port value equivalent. This adjustment is made for conceptual consistency between the 1-0 accounts and the NIPA'S and the balance of payments accounts. Exports of goods and services—both by com- modity and as a total—are valued in U.S. producers' prices, which are considered to be equivalent to U.S. domestic port values. Exports are also a component of final uses. Inventory change, another component of final uses, represents the change in inventory of each commodity, wherever held, over the benchmark year. It is stated at book value—that is, at its Data Availability The estimates from the 1987 benchmark 1-0 accounts are available on diskette at two-digit (95 1-0 industries) and six-digit (480 1-0 industries) levels. They can be ordered for "transactions," for "total requirements," or for "all." "Transactions" includes the six-digit make table, use table, direct requirements coefficients table, and estimates by commodity of transportation costs and of wholesale and retail trade margins. "Total requirements" includes six-digit industry-by-commodity or commodity-by-commodity coefficients. Products specifying "all" contain all above data, but for the twodigit 1-0 industry level only. Each product includes information on the mathematical derivation of the coefficients tables. The BEA accession numbers and the prices for these products are listed below. For further information about 1-0 products or when ordering by MasterCard or Visa, call the Interindustry Economics Division at (202) 606-5585. To order by mail, write to the Public Information Office, Order Desk, BE53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Specify the item, accession number, and price of the product(s) being ordered. For foreign shipment, add 25 percent to the total amount of the order. A check or money order payable to "Bureau of Economic Analysis" must accompany all written orders. Be sure to include a return address. Item BEA accession Price number Diskettes (3 1/2 inch HD) 1987 benchmark six-digit, transactions 51-94-40-001 (two diskettes) 1987 benchmark six-digit, industry-by-commodity total 51-94-40-002 requirements (two diskettes) 1987 benchmark six-digit, commodity-by-commodity total requirements (two diskettes) 51-94-40-003 1987 benchmark two-digit, all 51-94-40-004 1987 benchmark commodity composition of NIPA final demand... 51-94-40-005 1987 benchmark personal consumption expenditures and producers' durable equipment by NIPA category 51-94-40-006 $40 40 40 20 20 20 BEA'S 1987 benchmark 1-0 accounts, at both the twodigit and six-digit levels, will also be available on CD-ROM through the Commerce Department's National Economic, Social, and Environmental Data Bank (NESE-DB) CD-ROM. The NESE-DB is produced quarterly in February, May, August, and November. Call the Office of Business Analysis at (202) 482-1986 for more information or to place an order. The NESE-DB is also available for public use at over 900 Federal Depository Libraries. SURVEY OF CURRENT BUSINESS original cost—in the use table. The inventory valuation adjustment, which converts inventory change from book value to replacement cost, is shown as a single entry for the total of all commodities (row 85, column 93). Supplementary tables Four supplementary tables, which can be used with the five basic sets of 1-0 tables, are provided with this article. Three tables (tables C-E) cover the 1-0 commodity composition of NIPA final demand, of NIPA personal consumption expenditures, and of NIPA producers' durable equipment; a fourth table (table F) reconciles 1-0 exports of goods and services and imports of goods and services with NIPA estimates. The commodity composition tables are necessary as bridges between the 1-0 accounts and the NIPA'S because the two sets of accounts are based on different valuations and definitions. In the 1-0 accounts, final use categories are expressed in producers' prices; in the NIPA'S, final demand categories are expressed in purchasers' prices. Also, the definitions of 1-0 final use categories differ from those of the NIPA final demand categories. Before the 1-0 total requirements tables can be used to measure and analyze the changes in commodity or industry output requirements arising from changes in the level or composition of NIPA final demand, NIPA final demand categories must be converted to equivalent 1-0 final use categories. That is to say, the analysis should be consistent with 1-0 final use commodities that are valued at producers' prices for the 1-0 year, with separate entries for transportation costs and trade margins. Table C shows the 1-0 commodity composition in 1987 of each NIPA category of final demand Table F.—Relation of Exports and Imports in the InputOutput Accounts to the National Income and Product Accounts, 1987 Benchmark [Millions of dollars] 1987 Exports of goods and services, NIPA Less: U.S. merchandise returned Reexports Plus: Statistical revisions, BPA Equals: Exports of goods and services, I-O 363,952 6,781 8,875 276 348,572 Imports of goods and services, NIPA Less: U.S. merchandise returned Reexports Plus: Statistical revisions, BPA Equals: Imports of goods and services, I-O 507,050 6,781 8,875 -952 490,442 NIPA National income and product accounts BPA Balance of payments accounts I-O Input-output accounts in producers' and purchasers' prices. It provides a bridge between 1-0 commodities in producers5 prices and NIPA final demand categories in purchasers3 prices. For each 1-0 commodity within a category of NIPA final demand, the table shows the transportation costs and trade margins included in the purchasers' prices. Table D shows the 1-0 commodity composition in 1987 of each NIPA category of personal consumption expenditures (NIPA table 2.4) in producers' and purchasers' prices. It provides a bridge between 1-0 commodities in producers' prices and NIPA personal consumption categories in purchasers' prices. For each 1-0 commodity within a NIPA category, the table shows the transportation costs and trade margins included in the purchasers' prices. Table E shows the 1-0 commodity composition in 1987 of each NIPA category of producers' durable equipment purchases (NIPA table 5.8) in producers' and purchasers' prices. It provides a bridge between 1-0 commodities in producers' prices and NIPA producers' durable equipment categories in purchasers' prices. For each commodity, the table shows the transportation costs and trade margins included in the purchasers' prices. This table is useful for analyses relating the effects of changes in investment on industry and commodity output. Table F reconciles the 1-0 estimates of exports and imports of goods and services with those in the NIPA'S. The same adjustments are made for both exports and imports; therefore, there is no net effect on total GDP. The adjustments are necessary because the NIPA'S—unlike the 1-0 accounts—include in imports the U.S. merchandise that is returned to the United States from other countries and in exports the foreign merchandise that is reexported from the United States to other countries.21 The NIPA'S also exclude definitional and statistical revisions to the balance of payments accounts between NIPA comprehensive revisions. Appendixes A and B and tables 1 and 2 follow. H 21. U.S. merchandise returned consists of domestically produced goods that were previously exported to other countries for processing or assembly, or both, and then returned to the United States. An example would be articles of metal that are manufactured in the United States, then exported for further processing abroad, and then returned to the United States for more processing. Reexports consists of commodities of foreign origin that were previously imported into the United States and then exported from the United States in substantially the same condition as when imported. An example would be imported foreign-made monitors that are purchased by U.S. personal computer manufacturers, joined with U.S.-made consoles, and then exported to a third foreign country. April 1994 • 91 92 • April 1994 SURVEY OF CURRENT BUSINESS Appendix A.—Chronological List of Selected SURVEY OF CURRENT BUSINESS Input-Output Articles 1. Morris R. Goldman, Martin L. Marimont, and Beatrice N, Vaccara, "The Interindustry Structure of the United States: A Report on the 1958 Input-Output Study," November 1964. 2. "Industrial Impact of the 1966 Housing and Commercial Building Decline," November 1966. 3. "Input-Output Structure of the U.S. Economy: 1963," November 1969. 4. Allan H. Young and Claiborne M. Ball, "Industrial Impacts of Residential Construction and Mobile Home Production," October 1970. 5. Beatrice N. Vaccara, "An Input-Output Method for Long-Range Economic Projections," July 1971, Part I. 6. Philip M. Ritz and Eugene P. Roberts, "Industry Inventory Requirements: An Input-Output Analysis," November 1973. 7. "The Input-Output Structure of the U.S. Economy: 1967," February 1974. 8. Irving Stern, "Industry Effects of Government Expenditures: An Input-Output Analysis," May 1975. 9. Philip M. Ritz, "The Input-Output Structure of the U.S. Economy, 1972," February 1979. 10. Philip M. Ritz, Eugene P. Roberts, and Paula C. Young, "Dollar-Value Tables for the 1972 Input-Output Study," April 1979. 11. "The Input-Output Structure of the U.S. Economy, 1977," May 1984. 12. "Benchmark Input-Output Accounts for the U.S. Economy, 1982," July 1991. 13. "Annual Input-Output Accounts of the U.S. Economy, 1987," April 1992. SURVEY OF CURRENT BUSINESS April 1994 • 93 Appendix B.—Industry Classification of the 1987 Benchmark Input-Output Accounts [The titles in boldface represent the industries used for the summary version of the 1987 tables. An asterisk preceding an sic code indicates that the sic industry is included in more than one 1-0 industry. For a description of the systems used in the 1-0 accounts, see the section "Definitions and conventions for classification."] 1-0 industry number and title Related 1987 SIC codes AGRICULTURE, FORESTRY, AND FISHERIES 1 Livestock and livestock products: 1.0100 Dairy farm products 1.0200 Poultry and eggs 1.0301 2 Meat animals 1.0302 Miscellaneous livestock I-O industry number and title 14 024,*019, *0259, *029 0251-3, *0259, *019, *0219, *029 0211-4, *0219, *019, *0259, *029 0271-3, *0279, *019, *0219, *0259, *029 Other agricultural products: 2.0100 2.0201 Food grains 2.0202 Feed grains 2.0203 Grass seeds 2.0300 Tobacco 2.0401 0131, *019, *0219, *0259, *029 *011, *019, *0219, *0259, *029 *011,*0139, *019, Cotton Fruits 2.0402 Vegetables 2.0502 *0259, *029 0132, *019, *0219, *0259, *029 0171-2,0174-5, *0179, *019, *0219, *0259, *029 0173, *0179, *019, *0219, *0259, *029 0134, *0139, 016, Tree nuts 2.0501 *0219, *0259, *029 *0139, *019, *0219, Sugar crops •019, *0219, *0259, 2.0503 Miscellaneous crops 2.0600 Oil bearing crops 2.0701 3 4 Forest products 2.0702 Greenhouse and nursery products Forestry and fishery products: 3.0001 Forestry products , 3.0002 Commercial fishing Agricultural, forestry, and fishery services: 4.0001 Agricultural, forestry, and fishery services 4.0002 Landscape and horticultural services *029, *0119 0133, *019, *0219, *0259, *029 *0119, '0139/019, •0219, *0259, *029 0116, *0119, *0139, *0219, *0259, *029 *018, *019, *0219, *0259, *029 *018, *019, *0219, *0259, *029 081,083,097 091 0254, *0279, 071-2, 075-6, 085, 092 078 15 MINING 5+6 7 Metallic 5.0000 6.0100 6.0200 ores mining: Iron and ferroalloy ores Copper ore Nonferrous metal ores, except copper 101, 106 102 103-4, 109, *108 16 Coal mining: 7.0000 122-3, *124 Coal 8 Crude petroleum and natural gas: 8.0000 Crude petroleum and natural gas Nonmetallic minerals mining: 9.0001 Dimension, crushed and broken stone 9.0002 Sand and gravel 9.0003 Clay, ceramic, and refractory minerals 9.0004 Nonmetallic mineral services and miscellaneous minerals 10.0000 Chemical and fertilizer minerals 141-2 144 145 •148, 149 147 Tobacco 15.0101 15.0102 15.0103 15.0200 products: Cigarettes Cigars Chewing and smoking tobacco and snuff Tobacco stemming and redrying Broad and narrow fabrics, yarn and thread mills: 16.0100 Broadwoven fabric mills and fabric finishing plants 16.0200 Narrow fabric mills 16.0300 Yarn milis and finishing of textiles, n.e.c 16.0400 Thread mills 2011 2013 2015 2021 2022 2023 2024 2026 2091 2032 2033 2034 2035 2092 2037 2038 2041 2043 2045 2047 2048 2044 2046 2051, *546 2052 2053 2061-3 2064 2066 2067 2068 2082 2083 2084 2085 2086 2087 2074 2075 2076 2077 2095 2079 2097 2098 2096 2099 211 212 213 214 221-3, 2261-2 224 2269, 2281-2 2284 131-2, *138 9+10 Food and kindred products: 14.0101 Meat packing plants 14.0102 Sausages and other prepared meat products 14.0105 Poultry slaughtering and processing 14.0200 Creamery butter 14.0300 Natural, processed, and imitation cheese 14.0400 Dry, condensed, and evaporated dairy products 14.0500 Ice cream and frozen desserts 14.0600 Fluid milk 14.0700 Canned and cured fish and seafoods 14.0800 Canned specialties 14.0900 Canned fruits, vegetables, preserves, jams, and jellies 14.1000 Dehydrated fruits, vegetables, and soups 14.1100 Pickles, sauces, and salad dressings 14.1200 Prepared fresh or frozen fish and seafoods 14.1301 Frozen fruits, fruit juices, and vegetables 14.1302 Frozen specialties, n.e.c 14.1401 Flour and other grain mil! products 14.1402 Cereal breakfast foods , 14.1403 Prepared flour mixes and doughs 14.1501 Dog and cat food 14.1502 Prepared feeds, n.e.c 14.1600 Rice milling ., 14.1700 Wet corn milling 14.1801 Bread, cake, and related products 14.1802 Cookies and crackers 14.1803 Frozen bakery products, except bread 14.1900 Sugar 14.2001 Candy and other confectionery products 14.2002 Chocolate and cocoa products 14.2003 Chewing gum 14.2004 Salted and roasted nuts and seeds 14.2101 Malt beverages 14.2102 Malt 14.2103 Wines, brandy, and brandy spirits 14.2104 Distilled and blended liquors 14.2200 Bottled and canned soft drinks 14.2300 Flavoring extracts and flavoring syrups, n.e.c 14.2400 Cottonseed oil mills 14.2500 Soybean oil mills 14.2600 Vegetable oil mills, n.e.c 14.2700 Animal and marine fats and oils 14.2800 Roasted coffee „ 14.2900 Edible fats and oils, n.e.c 14.3000 Manufactured ice 14.3100 Macaroni, spaghetti, vermicelli, and noodles 14.3201 Potato chips and similar snacks 14.3202 Food preparations, n.e.c Related 1987 SIC codes 17 CONSTRUCTION 11+12 Construction: 11.0000 New and maintenance and repair 11.0601 Petroleum and natural gas well drilling 11.0602 Petroleum, natural gas, and solid mineral exploration .... 11.0603 Access structures for solid mineral development 12.0215 Maintenance and repair of petroleum and natural gas wells, 18 15-17, 6552 *138 •138, *108, *124, *148 •108, *124, *148 *138 19 MANUFACTURING 13 Ordnance and accessories: 13.0100 Guided missiles and space vehicles 13.0200 Ammunition, except for small arms, n.e.c, 13.0300 Tanks and tank components 13.0500 Small arms 13.0600 Small arms ammunition 13.0700 Ordnance and accessories, n.e.c 3761 3483 3795 3484 3482 3489 Miscellaneous textile goods and floor coverings: 17.0100 Carpets and rugs 17.0600 Coated fabrics, not rubberized 17.0700 Tire cord and fabrics 17.0900 Cordage and twine 17.1001 Nonwoven fabrics 17.1100 Textile goods, n.e.c Apparel: 18.0101 18.0102 18.0201 18.0202 18.0203 18.0300 18.0400 Women's hosiery, except socks Hosiery, n.e.c Knit outerwear mills Knit underwear and nightwear mills Knitting mills, n.e.c. Knit fabric mills Apparel made from purchased materials Miscellaneous fabricated textile products: 19.0100 Curtains and draperies 19.0200 Housefumishings, n.e.c 19.0301 Textile bags 19.0302 Canvas and related products 19.0303 Pleating and stitching 19.0304 Automotive and apparel trimmings 19.0305 Schiffli machine embroideries 19.0306 Fabricated textile products, n.e.c 227 2295 2296 2298 2297 2299 2251 2252 2253 2254 2259 2257-8 231-8, *3999 2391 2392 2393 2394 2395 2396 2397 2399 94 SURVEY OF CURRENT BUSINESS • April 1994 Appendix B.—Industry Classification of the 1987 Benchmark Input-Output Accounts—Continued 1-0 industry number and title 20+21 22+23 24 Lumber and wood products: 20.0100 Logging 20.0200 Sawmills and planing mills, general 20.0300 Hardwood dimension and flooring mills 20.0400 Special product sawmills, n.e.c 20.0501 Millwork 20.0502 Wood kitchen cabinets 20.0600 Veneer and plywood 20.0701 Structural wood members, n.e.c 20.0702 Prefabricated wood buildings and components 20.0703 Mobile homes 20.0800 Wood preserving 20.0901 Wood pallets and skids 20.0903 Wood products, n.e.c 20.0904 Reconstituted wood products 21.0000 Wood containers, n.e.c Furniture 22.0101 22.0102 22.0103 22.0200 22.0300 22.0400 23.0100 23.0200 23.0300 23.0400 23.0500 23.0600 23.0700 and fixtures: Wood household furniture, except upholstered Household furniture, n.e.c Wood television and radio cabinets Upholstered household furniture Metal household furniture Mattresses and bedsprings Wood office furniture Office furniture, except wood Public building and related furniture Wood partitions and fixtures Partitions and fixtures, except wood Drapery hardware and window blinds and shades Furniture and fixtures, n.e.c Paper and allied products, except containers: 24.0100 Pulp mills 24.0400 Envelopes 24.0500 Sanitary paper products 24.0701 Paper coating and glazing 24.0702 Bags, except textile 24.0703 Die-cut paper and paperboard and cardboard 24.0705 Stationery, tablets, and related products 24.0706 Converted paper products, n.e.c 24.0800 Paper and paperboard mills Related 1987 SIC codes I-O industry number and title 31 241 2421 2426 2429 2431 2434 2435-6 2439 2452 32 2451 2491 2448 2499 2493 2441,2449 33+34 2511 2519 2517 2512 2514 2515 2521 2522 253 2541 2542 35 2591 36 2599 261 2677 2676 2671-2 2673-4 2675 2678 2679 262-3 25 Paperboard containers and boxes: 25.0000 Paperboard containers and boxes 265 26A Newspapers and periodicals: 26.0100 Newspapers 26.0200 Periodicals 271 272 26B 27A Other printing and publishing: 26.0301 Book publishing 26.0302 Book printing 26.0400 Miscellaneous publishing 26.0501 Commercial printing 26.0601 Manifold business forms 26.0602 Bankbooks, looseleaf binders and devices 26.0700 Greeting cards 26.0802 Bookbinding and related work 26.0803 Typesetting 26.0806 Platemaking and related services Industrial and other chemicals: 27.0100 Industrial inorganic and organic chemicals 27.0401 27.0402 27.0403 27.0404 27.0405 27.0406 27B 28 Gum and wood chemicals Adhesives and sealants Explosives Printing ink Carbon black Chemicals and chemical preparations, n.e.c 2731 2732 274 275 276 2782 277 2789 2791 37 2796 281 (excl. *2819), 2865, 2869 2861 2891 2892 2893 2895 2899 Agricultural fertilizers and chemicals: 27.0201 Nitrogenous and phosphatic fertilizers 27.0202 Fertilizers, mixing only 27.0300 Pesticides and agricultural chemicals, n.e.c 2873-4 2875 2879 Plastics and synthetic materials: 28.0100 Plastics materials and resins 28.0200 Synthetic rubber 28.0300 Cellulosic manmade fibers 28.0400 Manmade organic fibers, except cellulosic 2821 2822 2823 2824 38 39 40 29A 29B 30 Drugs: 29.0100 Drugs 283 Cleaning 29.0201 29.0202 29.0203 29.0300 and toilet preparations: Soap and other detergents Polishes and sanitation goods Surface active agents Toilet preparations 2841 2842 2843 2844 Paints and allied products: 30.0000 Paints and allied products 285 Petroleum refining and related products: 31.0101 Petroleum refining 31.0102 Lubricating oils and greases 31.0103 Products of petroleum and coal, n.e.c. 31.0200 Asphalt paving mixtures and blocks .... 31.0300 Asphalt felts and coatings Rubber and miscellaneous plastics products: 32.0100 Tires and inner tubes 32.0200 Rubber and plastics footwear 32.0300 Fabricated rubber products, n.e.c 32.0400 Miscellaneous plastics products, n.e.c.. 32.0500 Rubber and plastics hose and belting .. 32.0600 Gaskets, packing, and sealing devices Footwear, leather, and leather products: 33.0001 Leather tanning and finishing 34.0100 Boot and shoe cut stock and findings .. 34.0201 Shoes, except rubber 34.0202 House slippers 34.0301 Leather gloves and mittens 34.0302 Luggage 34.0303 Women's handbags and purses 34.0304 Personal leather goods, n.e.c 34.0305 Leather goods, n.e.c Glass and glass products: 35.0100 Glass and glass products, except containers . 35.0200 Glass containers Stone and clay products: 36.0100 Cement, hydraulic 36.0200 Brick and structural clay tile 36.0300 Ceramic wall and floor tile 36.0400 Clay refractories 36.0500 Structural clay products, n.e.c 36.0600 Vitreous china plumbing fixtures 36.0701 Vitreous china table and kitchenware 36.0702 Fine earthenware table and kitchenware 36.0800 Porcelain electrical supplies 36.0900 Pottery products, n.e.c 36.1000 Concrete block and brick 36.1100 Concrete products, except block and brick 36.1200 Ready-mixed concrete 36.1300 Lime 36.1400 Gypsum products 36.1500 Cut stone and stone products 36.1600 Abrasive products 36.1700 Asbestos products 36.1900 Minerals, ground or treated 36.2000 Mineral wool 36.2100 Nonclay refractories 36.2200 Nonmetallic mineral products, n.e.c Primary iron and steel manufacturing: 37.0101 Blast furnaces and steel mills 37.0102 Electrometallurgies products, except steel 37.0103 Steel wiredrawing and steel nails and spikes 37.0104 Cold-rolled steel sheet, strip, and bars 37.0105 Steel pipe and tubes 37.0200 Iron and steel foundries 37.0300 Iron and steel forgings 37.0401 Metal heat treating 37.0402 Primary metal products, n.e.c Primary nonferrous metals manufacturing: 38.0100 Primary smelting and refining of copper.... 38.0400 Primary aluminum 38.0501 Primary nonferrous metals, n.e.c 38.0600 Secondary nonferrous metals 38.0700 Rolling, drawing, and extruding of copper. 38.0800 Aluminum rolling and drawing 38.0900 Nonferrous rollina and drawing, n.e.c 38.1000 Nonferrous wiredrawing and insulating 38.1100 Aluminum castings 38.1200 Copper foundries 38.1300 Nonferrous castings, n.e.c 38.1400 Nonferrous forgings Metal containers: 39.0100 Metal cans 39.0200 Metal shipping barrels, drums, kegs, and pails Heating, plumbing, and fabricated structural metal products: 40.0100 Enameled iron and metal sanitary ware 40.0200 Plumbing fixture fittings and trim 40.0300 Heating equipment, except electric and warm air furnaces. 40.0400 Fabricated structural metal 40.0500 Metal doors, sash, frames, molding, and trim 40.0600 Fabricated plate work (boiler shops) 40.0700 Sheet metal work 40.0800 Architectural and ornamental metal work 40.0901 Prefabricated metal buildings and components 40.0902 Miscellaneous structural metal work Related 1987 SIC codes 291 2992 2999 2951 2952 301 302 306 308 3052 3053 311 313 3143-4, 3149 3142 315 316 3171 3172 319 321, 3229, 323 3221 324 3251 3253 3255 3259 3261 3262 3263 3264 3269 3271 3272 3273 3274 3275 328 3291 3292 3295 3296 3297 3299 3312 3313 3315 3316 3317 332 3462 3398 3399 3331 3334, *2819 3339 334 3351 3353-5 3356 3357 3363, 3365 3366 3364, 3369 3463 3411 3412 3431 3432 3433 3441 3442 3443 3444 3446 3448 3449 SURVEY OF CURRENT BUSINESS April 1994 • 95 Appendix B.—Industry Classification of the 1987 Benchmark Input-Output Accounts—Continued 1-0 industry number and title 41 42 43 44+45 46 47 48 49 50 51 52 53 54 Screw machine products and stampings: 41.0100 Screw machine products, bolts, etc 41.0201 Automotive stampings 41.0202 Crowns and closures 41.0203 Metal stampings, n.e.c Related 1987 SIC codes 3451-2 3465 3466 3469 I-O industry number and title 54.0400 54.0500 54.0700 55 3425 3429 3471 3479 3495-6 3493 3491-2, 3494, 3498 3497 3499 Engines and turbines: 43.0100 Turbines and turbine generator sets 43.0200 Internal combustion engines, n.e.c Farm, construction, and mining machinery: 44.0001 Farm machinery and equipment 44.0002 Lawn and garden equipment 45.0100 Construction machinery and equipment 45.0200 Mining machinery, except oil field 45.0300 Oil and gas field machinery and equipment 3523 3524 3531 3532 3533 Materials 46.0100 46.0200 46.0300 46.0400 3534 3535 3536 3537 Electric lighting and wiring equipment: 55.0100 Electric lamp bulbs and tubes 55.0200 Lighting fixtures and equipment 55.0300 Wiring devices 3641 3645-8 3643-4 Audio, video, and communication equipment: 56.0100 Household audio and video equipment 56.0200 Prerecorded records and tapes 56.0300 Telephone and telegraph apparatus 56.0500 Communication equipment 3651 3652 3661 3663, 3C 57 Electronic components and accessories: 57.0100 Electron tubes 57.0200 Semiconductors and related devices 57.0300 Other electronic components 3671 3674 3672, 3675-9 Miscellaneous electrical machinery and supplies: 58.0100 Storage batteries 58.0200 Primary batteries, dry and wet 58.0400 Electrical equipment for internal combustion engines 58.0600 Magnetic and optical recording media 58.0700 Electrical machinery, equipment, and supplies, n.e.c 3691 3692 3694 3695 3511 3519 3421 3423 Metalworking machinery and equipment: 47.0100 Machine tools, metal cutting types 47.0200 Machine tools, metal forming types 47.0300 Special dies and tools and machine tool accessories .... 47.0401 Power-driven handtools 47.0402 Rolling mill machinery and equipment 47.0404 Electric and gas welding and soldering equipment 47.0405 Industrial patterns 47.0500 Metalworking machinery, n.e.c Special industry machinery and equipment: 48.0100 Food products machinery 48.0200 Textile machinery 48.0300 Woodworking machinery 48.0400 Paper industries machinery 48.0500 Printing trades machinery and equipment 48.0600 Special industry machinery, n.e.c 3556 3552 3553 3554 3555 3559 General industrial machinery and equipment: 49.0100 Pumps and compressors 49.0200 Ball and roller bearings 49.0300 Blowers and fans 49.0500 Mechanical power transmission equipment 49.0600 Industrial process furnaces and ovens 49.0700 General industrial machinery and equipment, n.e.c 49.0800 Packaging machinery 3561,3563 3562 3564 3566, 3568 3567 3569 3565 56 59A Motor vehicles (passenger cars and trucks): 59.0301 Motor vehicles and passenger car bodies 3711 59B Truck and bus bodies, trailers, and motor vehicles parts: 59.0100 Truck and bus bodies 59.0200 Truck trailers 59.0302 Motor vehicle parts and accessories 3713 3715 3714 Aircraft and parts: 60.0100 Aircraft 60.0200 Aircraft and missile engines and engine parts 60.0400 Aircraft and missile equipment, n.e.c 3721 3724, 3764 3728, 3769 Other transportation equipment: 61.0100 Ship building and repairing 61.0200 Boat building and repairing 61.0300 Railroad equipment 61.0500 Motorcycles, bicycles, and parts 61.0601 Travel trailers and campers 61.0603 Motor homes 61.0700 Transportation equipment, n.e.c 3731 3732 374 375 3792 3716 3799 Scientific 62.0101 62.0102 62.0200 62.0300 62.0400 62.0500 62.0600 62.0700 62.0800 62.0900 62.1000 62.1100 381 3821 3823-4, 3829 3822 3841 3842 3843 387 3844 3845 3826-7 3825 60 3541 3542 3544-5 3546 3547 3548 3543 3549 Miscellaneous machinery, except electrical: 50.0100 Carburetors, pistons, rings, and valves 50.0200 Fluid power equipment 50.0300 Scales and balances, except laboratory 50.0400 Industrial and commercial machinery and equipment, n.e.c. 3592 3593-4 3596 3599 Computer and office equipment: 51.0102 Calculating and accounting machines 51.0103 Electronic computers 51.0104 Computer peripheral equipment 51.0400 Office machines, n.e.c Service industry machinery: 52.0100 Automatic vending machines 52.0200 Commercial laundry equipment 52.0300 Refrigeration and heating equipment 52.0400 Measuring and dispensing pumps 52.0500 Service industry machinery, n.e.c 3612 3613 3621 3625 3624 3629 63 64 3581 3582 3585 3586 3589 Electrical 53.0200 53.0300 53.0400 53.0500 53.0700 53.0800 62 3578 3571 3572, 3575, 3577 3579 industrial equipment and apparatus: Power, distribution, and specialty transformers Switchgear and switchboard apparatus Motors and generators Relays and industrial controls Carbon and graphite products Electrical industrial apparatus, n.e.c 3631 3632 3633 and controlling instruments: Search and navigation equipment Laboratory apparatus and furniture Mechanical measuring devices Environmental controls Surgical and medical instruments and apparatus Surgical appliances and supplies Dental equipment and supplies Watches, clocks, watchcases, and parts X-ray apparatus and tubes Electromedical and electrotherapeutic apparatus Laboratory and optical instruments Instruments to measure electricity Ophthalmic and photographic equipment: 63.0200 Ophthalmic goods 63.0300 Photographic equipment and supplies Miscellaneous manufacturing: 64.0101 Jewelry, precious metal 64.0102 Jewelers' materials and lapidary work 64.0104 Silverware and plated ware 64.0105 Costume jewelry 64.0200 Musical instruments 64.0301 Games, toys, and children's vehicles 64.0302 Dolls and stuffed toys 64.0400 Sporting and athletic goods, n.e.c 64.0501 Pens, mechanical pencils, and parts 64.0502 Lead pencils and art goods 64.0503 Marking devices 64.0504 Carbon paper and inked ribbons 64.0700 Fasteners, buttons, needles, and pins 64.0800 Brooms and brushes 64.0900 Hard surface floor coverings, n.e.c 64.1000 Burial caskets 64.1100 Signs and advertising specialties 64.1200 Manufacturing industries, n.e.c. 385 386 3911 3915 3914 3961 393 3944 3942 3949 3951 3952 3953 3955 3965 3991 3996 3995 3993 TRANSPORTATION, COMMUNICATIONS, AND UTILITIES 6A 5 Household appliances: 54.0100 Household cooking equipment 54.0200 Household refrigerators and freezers 54.0300 Household laundry equipment 3634 3635 3639 58 Other fabricated metal products: 42.0100 Cutlery 42.0201 Hand and edge tools, except machine tools and handsaws. 42.0202 Saw blades and handsaws 42.0300 Hardware, n.e.c 42.0401 Plating and polishing 42.0402 Coating.engraving, and allied services, n.e.c 42.0500 Miscellaneous fabricated wire products 42.0700 Steel springs, except wire 42.0800 Pipe, valves, and pipe fittings 42.1000 Metal foil and leaf 42.1100 Fabricated metal products, n.e.c handling machinery and equipment: Elevators and moving stairways Conveyors and conveying equipment Hoists, cranes, and monorails Industrial trucks and tractors Electric housewares and fans Household vacuum cleaners Household appliances, n.e.c Related 1987 SIC codes 65B Railroads and related services; passenger ground transportation: 65.0100 Railroads and related services 65.0200 Local and suburban transit and interurban highway passenger transportation. Motor freight transportation and warehousing: 65.0300 Motor freight transportation and warehousing 40, 474, M789 41 42, M789 $6 • April 1994 SURVEY OF CURRENT BUSINESS Appendix B.—Industry Classification of the 1987 Benchmark Input-Output Accounts—Continued 1-0 industry number and title 65C Water transportation: 65.0400 Water transportation 65D Air transportation: 65.0500 Air transportation 65E Pipelines, freight forwarders, and related services: 65.0600 Pipelines, except natural gas 65.0701 Freight forwarders and other transportation services Related 1987 SIC codes I-O industry number and title 75 Arrangement of passenger transportation 46 473, 4783, 4785, •4789 472 66 Communications, except radio and TV: 66.0000 Communications, except radio and TV 481-2, 484, 489 67 Radio and TV broadcasting: 67.0000 Radio and TV broadcasting 483 68A Electric services (utilities): 68.0100 Electric services (utilities) 491, *493 68B Gas production and distribution (utilities): 68.0200 Gas production and distribution (utilities) 492, *493 68C Water and sanitary services: 68.0301 Water supply and sewerage systems 68.0302 Sanitary services, steam supply, and irrigation systems 494, 4952 4953, 4959, 496-7, •493 77A 77B WHOLESALE AND RETAIL TRADE Wholesale trade: 69.0100 Wholesale trade 50,51 Retail trade: 69.0200 Retail trade, except eating and drinking . 52-7 (excl. *546), 59, 7389, 8042 Amusements: 76.0101 Motion picture services and theaters 76.0102 Videotape rental 76.0201 Theatrical producers (except motion picture), bands, orchestras and entertainers. 76.0202 Bowling centers 76.0203 Professional sports clubs and promoters 76.0204 Racing, including track operation 76.0205 Physical fitness facilities and membership sports and recreation clubs. 76.0206 Other amusement and recreation services Health services: 77.0100 Doctors and dentists 77.0200 Hospitals 77.0301 Nursing and personal care facilities 77.0302 Other medical and health services, including veterinarians. Educational and social services, and membership organizations: 77.0401 Elementary and secondary schools 77.0402 Colleges, universities, and professional schools 77.0403 Private libraries, vocational schools, and educational services, n.e.c. 77.0501 Business associations and professional membership organizations. 77.0502 Labor organizations, civic, social, and fraternal associations. 77.0503 Religious organizations 77.0504 Other membership organizations FINANCE, INSURANCE, AND REAL ESTATE 70A 70B Finance: 70.0100 Banking 70.0200 Credit agencies other than banks 70.0300 Security and commodity brokers 77.0600 77.0700 77.0800 77.0900 60 61, 67 (excl. 6732) 62 Insurance: 70.0400 Insurance carriers 70.0500 Insurance agents, brokers, and services Job training and related services Child day care services Residential care Social services, n.e.c GOVERNMENT ENTERPRISES Real estate and royalties: 71.0201 Real estate agents, managers, operators, and lessors 71.0202 Royalties Federal Government enterprises: 78.0100 U.S. Postal Service 78.0200 Federal electric utilities 78.0500 Other Federal Government enterprises State and local government enterprises: 79.0100 State and local government passenger transit 79.0200 State and Ixal government electric utilities 79.0300 Other State and local government enterprises Owner-occupied dwellings: 71.0100 Owner-occupied dwellings 71B 78 79 71A 65 (excl. 6552) SPECIAL INDUSTRIES SERVICES 72A 72B 73A 73B 73C Hotels and lodging places: 72.0100 Hotels and lodging places Personal and repair services (except auto): 72.0201 Laundry, cleaning, garment services, and shoe repair .. 72.0202 Funeral service and crematories 72.0203 Portrait photographic studios, and other miscellaneous personal services. 72.0204 Electrical repair shops 72.0205 Watch, CIOCK, jewelry, and furniture repair 72.0300 Beauty and barber shops Computer and data processing services: 73.0104 Computer and data processing services Legal, engineering, accounting, and related services: 73.0301 Legal services 73.0302 Engineering, architectural, and surveying services 73.0303 Accounting, auditing and bookkeeping, and miscellaneous services, n.e.c. Other business and professional services, except medical: 73.0101 Miscellaneous repair shops 73.0102 Services to dwellings and other buildings 73.0103 Personnel supply services 73.0105 Management and consulting services, testing and research labs. 73.0106 Detective and protective services 73.0107 Miscellaneous equipment rental and leasing 73.0108 Photofinishing labs and commercial photography 73.0109 Other business services 80 Noncomparable imports: 80.0000 Noncomparable imports 81 Scrap, used and secondhand goods: 81.0001 Scrap 81.0002 Used and secondhand goods 70 721,725 726 722, 729 82 762 763-4 723-4 General government industry: 82.0000 General government industry 83 Rest of the world adjustment to final uses: 83.0001 Rest of the world adjustment to final uses 737 84 Household industry: 84.0000 Household industry 81 871 872, 89 85 Inventory valuation adjustment: 85.0000 Inventory valuation adjustment 769 734 736 874, 8731-2, 8734 7381-2 735 7384, 7335-6 732, 7383, 7389, 7331,7334,7338 73D Advertising: 73.0200 Advertising 731 74 Eating and drinking places: 74.0000 Eating and drinking places 58 751 753, 7549 752, 7542 45 76 65.0702 Automotive repair and services: 75.0001 Automotive rental and leasing, without drivers 75.0002 Automotive repair shops and services 75.0003 Automobile parking and car washes Related 1987 SIC codes VALUE ADDED 88.0000 89.0000 90.0000 Compensation of employees Indirect business tax and nontax liability Other value added FINAL USES 91.0000 Personal consumption expenditures 92.0000 Gross private fixed investment 93.0000 Change in business inventories 94.0000 Exports of goods and services 95.0000 Imports of goods and services 96.0000 Federal Government purchases, national defense 97.0000 Federal Government purchases, nondefense 98.0001 State and local government purchases, elementary and secondary public school systems. 98.0002 State and local government purchases, public educational facilities beyond high school. 781-3 784 792 793 7941 7948 7991,7997 791,7992-3,7996, 7999 801-3, 8041 806 805 074, 8043, i 807-9 821 822 823-4, 829 861-2 863-4 84, 865, 869, 8733, 6732 833 835 836 832, 839 SURVEY OF CURRENT BUSINESS April 1994 • 97 Appendix B.—Industry Classification of the 1987 Benchmark Input-Output Accounts—Continued 1-0 industry number and title Related 1987 SIC codes 98.0003 State and local government purchases, other education and libraries. 99.1001 State and local government purchases, hospitals and categorical health programs. 99.1002 State and local government purchases, public welfare institutions and activities. 99.1003 State and local government purchases, public sewerage systems, capital account only. 99.1004 State and local government purchases, sanitation 99.2001 State and local government purchases, police 99.2002 State and local government purchases, fire fighting organizations and auxiliary services. 99.2003 State and local government purchases, correctional institutions. 99.3001 State and local government purchases, public highways (excluding non-capital expenditures of toll roads). 99.3002 State and local government purchases, waterports and airports, capital account only. 99.3003 State and local government purchases, governmentoperated transit systems, capital account only. 99.3004 State and local government purchases, other commerce activities n.e.c, capital account only. 99.3005 State and local government purchases, gas and electric utilities, capital account only. 99.3006 State and local government purchases, governmentoperated water supply facilities, capital account only. 99.3007 State and local government purchases, redevelopment projects, capital account only. 99.3008 State and local government purchases, natural and agricultural resources and recreation facilities. 99.3009 State and local government purchases, other general government activities, n.e.c. ADDENDUM: Special commodity groupings New construction: 11.0101 Residential 1-unit structures, nonfarm 11.0102 Residential 2-4 unit structures, nonfarm 11.0103 Residential garden apartments 11.0104 Residential high-rise apartments 11.0105 Residential additions and alterations, nonfarm . 11.0106 Hotels and motels 11.0107 Dormitories and other group housing 11.0201 Industrial buildings 11.0202 Office buildings 11.0203 Warehouses 1. Although the SIC assigns the same codes to activities of both private firms and government agencies, SIC codes in the I-O accounts are used only for classifying private activities. 2. Noncomparable imports include imported goods and services that are not commercially produced in the United States, and goods and services that are produced abroad and used abroad by U.S. residents—for example, defense spending abroad. 3. Industry output is zero because there is no primary producing industry. Scrap is a secondary product of many industries, and used goods are sales and purchases typically between final uses. The sales are shown as negative values in the use table. 4. Industry output is defined as the compensation of general government employees except for those engaged I-O industry number and title 11.0204 11.0205 11.0206 11.0207 11.0231 11.0232 11.0241 11.0250 11.0301 11.0302 11.0303 11.0304 11.0305 11.0306 11.0307 11.0308 11.0400 11.0501 11.0502 11.0601 11.0602 11.0603 11.0701 11.0702 11.0703 11.0704 12 Related 1987 SIC codes Garages and service stations Stores and restaurants Religious buildir Educational" Hospitals .... Residential institutions and other health-related facilities Amusement and recreation buildings Other nonfarm buildings Telephone and telegraph facilities Railroads Electric utility facilities Gas utility facilities Petroleum pipelines Water supply facilities Sewer system facilities Local transit facilities Highways and streets Farm housing units and additions and alterations Farm service facilities Petroleum and natural gas well drilling Petroleum, natural gas, and solid mineral exploration .... Access structures for solid mineral development Military facilities Dams and reservoirs Other conservation and development facilities Other nonbuilding facilities Maintenance and repair construction: 12.0100 Nonfarm residential structures 12.0201 Other nonfarm buildings 12.0202 Farm residential buildings 12.0203 Farm service facilities 12.0204 Telephone and telegraph facilities 12.0205 Railroads 12.0206 Electric utility facilities 12.0207 Gas utility facilities 12.0208 Petroleum pipelines 12.0209 Water supply facilities 12.0210 Sewer facilities 12.0211 Local transit facilities 12.0212 Military facilities 12.0213 Conservation and development facilities 12.0214 Highways and streets 12.0215 Petroleum and natural gas wells 12.0216 Other nonbuilding facilities in construction work; their compensation is included in the construction industry. It also excludes the compensation of employees of government enterprises. 5. The commodity entries include adjustments to personal consumption expenditures and government purchases that eliminate items that are actually exports. 6. Industry output is defined as the compensation of domestic household workers. 7. The inventory valuation adjustment converts the inventory changes based on withdrawals valued primarily at historical cost as reported by most businesses to replacement cost, the valuation used in the I-O accounts. 8. There are no related SIC codes since these categories are not industries, but are categories of income. 9. There are no related SIC codes since these categories are not industries, but are categories of final uses. 9$ • April 1994 SURVEY OF CURRENT BUSINESS Table 1.—The Make of Commodities [Millions of dollars stry number For the distribution of industries producing a commodity, read the column for that commodity For the distribution of commodities produced by an industry, read the row for that industry I Commodity number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining Construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear leather and leather Droducts Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating plumbing and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm construction and mining machinery Materials handlina machinery and eauiDment Metalworking machinery and equipment Soecial industry machinery and eouiDment General industrial machinery and equipment Miscellaneous machinery exceDt electrical Computer and office equipment . Service industry machinery Electrical industrial eQuiDment and aDDaratus Household appliances . . . Electric lighting and wiring equipment Audio video and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services' passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications except radio and TV Radio and TV broadcastino. Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade . . . . Finance Insurance Owner-occupied dwellings .. Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output •Less than $500,000. Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum nd natural gas Nonmetallic minerals mining New construction Maintenance and repair construction 1 2 3 4 5+6 7 8 9+10 11 12 83,609 82,183 243 1,788 7,456 494 974 22,201 6,800 0 25,447 67,947 3 4 6 5 1 11 321 445,347 2 8 1 1 173,466 140 402 1 . . . 59 83,609 82,183 9,488 23,668 6,802 25,451 68,008 11,884 445,347 173,466 SURVEY OF CURRENT BUSINESS April 1994 • 99 by Industries, 1987 Benchmark at producers' prices] Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 3.075 771 Industry number Ordnance and accessories 131 n 143 1,259 0 ...„ 26,047 325,129 26,361 34,225 317 140 68 183 4 63,762 55 1 19 43 1 1 1 1 298 15,177 3 35 2 2 175 1 2 5 3 24 4 5 3 20 119 13 7 250 107 1 n 3 1,838 75 183 16,647 8 35 32 1 1 1 10 72,281 136 49 4 17 3 1 3 1 4 1 1 20 160 36,040 16 3 343 3 4 3 24 2 80 2 18 43 4 33 25 18 3 1 1 27 n 124 71 1 40 4 4 71 n 1 26 59 10 89 1 1 18 2 4 4 1 2 48 4 15 1 14 13 14 10 79,160 87 1 587 42 497 2 100 1 1 2 7 1 86 24,848 38 14,993 677 15 3 1 1 15 1 1 4 3 1 3 1 4 8 2 1 5 2 3 1 2 14 3 1 38 318 656 16 1.002 1 1 1 4 1 2 7 1 2 232 25 1,781 64,778 2 3 28 153 22 9 1 2 1 2 1 1 3 5 4 162 1 1 1 56 2 1 2 3 81 2 132 10 3 8 9 18 7 6 1 1 5 2 43 1 2 39 41 12 3 10 58 2 48 843 11,877 177 59 342 23 2 71 31 125 15 10 18 2 47 2 'l 4 3 2 56 7 12 7 2 10 1 3 4 4 11 2 1 4 1 29 28 75,354 1,132 3,170 210 1,294 62 5,357 185 7 { 3 18 1 2 1 1 181 34 42 2 5 10 4 13 1 5 1 1 2 1 i 2 1 2 407 1 11 17 5 4 75 6 30 15 18 2 53 6 7 13 1 112 100 20 13 26 92 10 20 223 58 1 222 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 28,177 329,636 26,381 34,832 16,266 64,259 19,006 72,936 36,700 80,961 25,288 15,674 67,126 89,852 13,365 77B 78 79 82 84 85 T 100 SURVEY OF CURRENT BUSINESS • April 1994 Table 1.—The Make of Commodities [Millions of dollars Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products 28 29A 29B 30 31 32 33+34 35 36 5try number For the distribution of industries producing a commodity, read the column for that commodity For the distribution of commodities produced by an industry, read the row for that industry Commodity number *Less than $500,000. 37 1 4,162 299 72 4 1 136 39 2 4 1 663 110 1 2 ... 4 123 4,851 213 36,104 16 39 115 1 232 1 769 80 72 719 30,826 21 18 11 1 489 181 71 34,447 286 7 11 50 1 1 4 9 1 31 922 3 3 37 11,832 4 21 44 7 132,214 1 143 2 1 1 115 1 1 3 1 1 2 1 3 1 1 2 3 7 3 1 .... 1 1 1 1 1 13 9 8 27 6 3 21 . 1 4 3 3 6 204 28 84 3 31 59 2 13 1 1 37 15 132 17 17 76 76 850 275 1 31 297 1 686 21 60 7 1 82,604 8 18 99 7 48 45 229 97 237 84 n 43 87 1 29 2 5 1 39 4 135 1 1 1 10 12 100 43 15,893 49 1 65 38 42,323 15 38 18 18 7 37 2 42 1 24 4 1 42 6 12 4 2 4 19 1 11 6 23 8,563 3 12 11 4 53 34 56 33 2 68 14 8 72 4 66 8 90 15 3 132 78 111 3 1 n 42 10 1 3 1 1 1 1 25 2 14 26 5 10 65,015 494 81 10 109 14 104 3 28 16 27 49 17 7 8 9 5 1 133 1 11 1 41 1 29 CO CM CM 1 Livestock and livestock products 2 Other agricultural products 3 Forestry and fishery products 4 Agricultural forestry and fishery services .. 5+6 Metallic ores mining 7 Coal mining . . . 8 Crude petroleum and natural gas 9+10 Nonmetallic minerals mining ... . 11+12 Construction 13 Ordnance and accessories 14 Food and kindred products 15 Tobacco products 16 Broad and narrow fabrics yarn and thread mills 17 Miscellaneous textile goods and floor coverings 18 Apparel 19 Miscellaneous fabricated textile products 20+21 Lumber and wood products 22+23 Furniture and fixtures .... ... 24 Paper and allied products, except containers 25 Paperboard containers and boxes 26A Newspapers and periodicals ... 26B Other printing ana publishing 27A Industrial and other chemicals . 27B Agricultural fertilizers and chemicals 28 Plastics and synthetic materials 29A Drugs 29B Cleaning and toilet preparations 30 Paints and allied products .... 31 Petroleum refining and related products 32 Rubber and miscellaneous plastics products 33+34 Footwear, leather, and leather products 35 Glass and glass products 36 Stone and clay products .... 37 Primary iron and steel manufacturing 38 Primary nonferrous metals manufacturing 39 Metal containers 40 Heatina Dlumbina and fabricated structural metal Droducts 41 Screw machine products and stampings 42 Other fabricated metal products 43 Engines and turbines 44+45 Farm construction and mining machinery 46 Materials handling machinery and equipment 47 Metalworking machinery ana equipment 48 Special industry machinery and equipment 49 General industrial machinery and equipment 50 Miscellaneous machinery except electrical . 51 Computer and office equipment 52 Service industry machinery 53 Electrical industrial equipment and apparatus .... . 54 Household aDDliances 55 Electric lighting and wiring equipment 56 Audio video and communication equipment 57 Electronic components and accessories 58 Miscellaneous electrical machinery and supplies 59A Motor vehicles (Dasssnoer cars and trucks) 59B Truck and bus bodies trailers, and motor vehicles parts 60 Aircraft and parts 61 Other transportation equipment 62 Scientific and controlling instruments 63 Ophthalmic and photographic equipment 64 Miscellaneous manufacturing 65A Railroads and related services; passenger ground transportation 65B Motor freight transportation and warehousing .... ... 65C Water transportation 65D Air transportation 65E Pipelines freight forwarders and related services 66 Communications, except radio and TV 67 Radio and TV broadcasting 68A Electric services (utilities) 68B Gas production and distribution (utilities) 68C Water and sanitary services 69A Wholesale trade 69B Retail trade 70A Finance 70B Insurance 71A Owner-occupied dwellings 71B Real estate and royalties 72A Hotels and lodaina places 72B Personal and repair services (except auto) 73A Computer and data processing services 73B Legal, engineering, accounting, and related services 73C Other business and professional services except medical 73D Advertising . 74 Eating and drinking places 75 Automotive repair and services 76 Amusements . . 77A Health services 77B Educational and social services and membership organizations 78 Federal Government enterprises 79 State and local government enterprises 82 General government industry 84 Household industry 85 Inventory valuation adjustment T Total commodity output Primary iron and steel manufacturing 20 2 1 1 1 2 14 2 7 20 33 43,407 35,862 32,872 12,183 137,599 86,851 8,787 16,335 43,340 66,201 April 1994 SURVEY OF CURRENT BUSINESS • 101 by Industries, 1987 Benchmark—Continued at producers' prices] Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 n 7 4 10 3 6 4 8 1 n 6 39 74 78 1 29 6 12 91 3 1 2 5 10 1 2 7 7 1 18 7 2 2 1 1 2 n 1 1 4 11 13 1 2 1 CM CD 1 5 74 71 3 12 2 24 23 71 173 3 • ::: : 1 12 3 MM! n Industry number Primary lonferrous metals manufacturing 1 7 2 2 9 2 3 2 4 24 13 4 2 1 1 1 1 3 18 1 1 14 2 47 3 1 3 1 1 1 9 1 1 2 2 62 14 1 n 384 54,561 19 11 94 31 1 11,544 15 30 2 1 21 4 17 11 1 18 2 5 21 15 54 253 2 7 44 9 5 55,746 1 11,739 108 83 53 42 81 76 5 42,018 111 229 3 62 40 19 44 126 47 1 164 8 28 10 5 7 4 8 54 51 52 27 2 14 2 10 26 55 9 169 30,298 159 1 71 4 78 5 28 29 1 60 23 36 20 3 22 8 438 105 17 2 12 2 18 43,686 31,826 1 17 14 1,818 173 2 410 162 41,845 3 80 23 131 90 152 399 24 58 35 15 109 12 95 10 371 110 9 180 2 104 47,022 4 12,864 202 1 1 4 106 7 40 9 609 440 70 35 1 11 30 164 2 1 1 68 7 62 31 25,219 35 118 33 147 16 6 3 1 1 4 2 1 12 79 2 77 3 35 2 18 136 6,839 23 64 54 21 16 7 1 3 6 1 57 47 3 26 1 14,394 26,005 7,376 329 1 1 62 176 180 1 68 616 147 42 108 19 19.849 112 55 106 13 5 8 1 9 1 11 5 29 19 19 3 14 2 6 22,051 1 26 9 6 4 2 4 7 51 10 1 4 2 5 37 32 23 33 5 30 57 171 15.331 208 29 47 33 24 14 8 1 94 4 101 41 164 35 106 55 138 188 21,625 68 30 138 94 18 1 46 36 159 64 93 20 144 51 182 18,546 29 21 13 3 68 3 6 15 3 4 10 1 1 2 8 7 2 11 51,717 6 30 234 45 14 32 1 4 1 11 1 260 303 1 23 1 7 60 2 70 41 5 16,411 3 6 1 152 16 84 8 7 23,221 19,855 1 33 5 13 19 127 1.711 81 54,431 76 4 36 1 33 13 7 110 127 12 2 20,906 15 222 1 2 3 62 1 7 14 3 2 21,746 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 102 • April 1994 SURVEY OF CURRENT BUSINESS Table 1.—The Make of Commodities [Millions of dollars For the distribution of commodities produced by an industry, read the row for that industry Commodity number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural forestry and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining Construction Ordnance and accessories Food and kindred products Tobacco products * Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products except containers Paperboard containers and boxes Newsoaoers and rjeriodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear leather and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating plumbing and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines . . . . . . Farm construction and mining machinery Materials handling machinery and equipment Metalworking machinery ana equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances .. Electric lighting and wiring equipment Audio video and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies trailers and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services' passenger ground transportation Motor freight transportation and warehousing ... Water transportation Air transportation . Pipelines, freight forwarders, and related services Communications except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade . Retail trade Finance ... . . Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal engineering accounting and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output *Less than $500,000. Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment 53 54 55 56 57 58 59A 59B 60 61 140 1 1 c 3 2 21 69 16 3,802 2 n 1 1 1 ro -••: Industry number For the distribution of industries producing a commodity, read the column for that commodity 6 3 1 1 n 7 . . . 0 42 (*) 5 14 1 3 1 2 1 1 1 29 50 . . 63 5 2 28 96 124 99 3 2 23,277 76 54 63 8 4 10 68 2 1 3 35 1 19 35 115 7 12 1 85 2 14,863 5 273 5 6 6 3 36 151 10 16,384 49 129 159 30 47 4 4 81 6 21 15,670 17,421 12 1 n 1 5 13 8 5 83 36 7 4 63 227 20 21 69 3 64 141 43 9 21,698 5 185 58 197 62 1 1 14 1 3 1 1 331 7 2 7 2 2 1 339 1 11 11 60 38,346 335 223 28 42 62 < ) ) J 16 285 2 14 2 7 44 14 18 17 2 8 23 1 n 3 22> 7 1,162) 12' i 4v3 43 3 45,34(3 39 7 28 3 9 163 188 10 55 9 98 122 164 18,539 1,171 31 10 37 1 393 2 1 358 81 1 514 126 4 41,037 48,203 20,987 191 33 6 n n 1 1 17 13 79 187 53 15 27 5 46 188 609 36 1 16 9 11 1 45 489 4 n 11 23 14 39 12 1 46 1 1 24 7 23 17 210 8 4 1 4 23 i" 1 192 130,195 3,304 2 n 690 3,346 62,377 12 55 2 16 4 55 79,455 24 342 1 3 52 51 23,564 18 44 8 , 133,509 68,327 84,421 24,074 April 1994 SURVEY OF CURRENT BUSINESS • 103 by Industries, 1987 Benchmark—Continued Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 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 26A 26B 27k 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 807 11,968 1,254 1 74 6 5 6 55 221 1 1 7 1 71 21 14 1 281 53 72 9 15 44 79 16 93 28 168 2 3 2 45 24 57 16 58 24 152 12 33 1,140 343 307 1 141 671 3 80,003 239 96 2 2 2 9 5 24 40 13 28 103 26 6 146 8 5 2 36 10 11 65 3 n 126 6 5 20 1 1 26 8 13 42 1 3 1 1 2 1 32 9 2 53 18,402 16 2 1 10 6 7 4 11 7 2 35 10 19 16 13 8 2 13 14 23 13 30,178 43,271 162 113,492 2,603 24,053 302 733 108 76,253 1,465 23,301 160,164 2,250 36 132,335 Industry number at producers' prices] 67,248 10,971 423]751 68C 69A 69B 37 4,822 85,858 18,707 31,083 48,394 115,194 24,198 79,060 7,216 16,902 1,342 23,301 160,164 2,250 2,938 14,859 156,453 82,180 28,469 423,751 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T SURVEY OF CURRENT BUSINESS 104 • April 1994 Table 1.—The Make of Commodities [Millions of dollars Retail trade Finance Insurance Owneroccupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services 69B 70A 70B 71A 71B 72A 72B 73A Industry number For the distribution of industries producing a commodity, read the column for that commodity For the distribution of commodities produced by an industry, read the row for that industry Commodity number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural forestry and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining Construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products except containers Paperboard containers and boxes NewsDarjers and Deriodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals . . . . Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products . . . . Rubber and miscellaneous Dlastics oroducts Footwear leather and leather products Glass and glass products Stone and clav Droducts Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating plumbing and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm construction and mining machinery Materials handling machinery and equipment Metalworkino machinery ano eouirjment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery exceDt electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household aDDliances Electric liahtina and wirino ec-uioment . Audio video and communication equipment Electronic comrjonents and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies trailers and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments . Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing ... Water transportation Air transportation Pipelines freight forwarders and related services Communications except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services . Legal, engineering, accounting and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output •Less than $500,000. Legal, engineering, accounting, and related services 73B . ••••••••••• . . . . . . . . . . . 2,083 . . . 13 51 51 420,693 280,874 79 4,020 172,850 1,640 325,144 380,275 934 40,064 66,233 . 60,821 177,931 35 751 1,301 966 76 422,960 280,950 177,621 737 7,596 325,144 389,620 79 3 40,064 66,271 64,687 177,982 April 1994 SURVEY OF CURRENT BUSINESS • 105 by Industries, 1987 Benchmark—Continued Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Scrap, used and secondhand goods General government industry Household industry Inventory valuation adjustment Total industry output 73C 73D 74 75 76 77A 77B 78 79 81 82 84 85 99 64 88 3 108 1 80 191 32,945 20,732 121 6 116 166 256 83 309 37 52 15 5 9 2 36 15 12 38 25 27 8 93 27 26 146 155 11 8 14 1.949 26 963 27,146 291 70 211,16 92 9,333 15,884 22 217 209,177 31 3 113 130,391 45 78,148 338.393 408 152,270 1,844 744 33.469 75 416 18.754 466,785 7,709 211,758 109,406 211,021 131,228 78,841 338,393 152,270 33,469 19,045 2,321 466,785 7,709 -17,817 -17,817 87,484 86,742 7,456 22,201 6,807 25,452 84,228 12,964 618,813 31.438 325,972 26,383 38,244 15,982 64,184 16,987 72,875 36,777 81,982 25,511 49,727 87,378 84,375 13,512 40,672 36.012 33,229 12,072 137.871 85.572 8,700 16,085 43,732 68,091 56,376 11,904 43,930 31.973 44,424 14,096 26,753 7,194 21,227 16.254 23,236 20,003 55,819 22,409 22,665 15.361 17,615 40,700 48,654 20,823 134,115 68,991 82,128 24,082 85,463 19,725 33,089 43,458 116,095 24,053 76.253 25.908 161,127 29,396 132.371 67,549 11,262 423,751 420,694 286,613 172,850 325,144 380.275 40.997 66,302 60.821 177.931 220.728 15.884 209,394 130,704 78,192 338,511 152,678 45,396 69,484 466,785 7,709 -17,817 8,175,016 stry number at producers' prices] f 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 6QB 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 106 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.-The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read the column for that industry Livestxk and livestock products Other agricultural products AgriForestry cultural, and fishery forestry, and fishery products services Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction Maintenance and repair construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations . Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs VA Value added T Total Industry output 'Less than $500,000. Nonmetallic minerals mining 16,818 23,778 1,584 3,855 4,003 6,542 6 254 458 "'716 168 1,288 1,251 2,089 32 Construction 9+10 Crude petroleum and natural gas Coal mining 5+6 Industry number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 Metallic ores mining 11+12 Ordnance and accessories 241 n 519 "'3,250 1 11 3,149 "Ti',566 452 .... .... 32 83 29 305 195 fi 33 1,844 3 2 18 25 114 ""79 295 110 5 9 9 102 142 139 333 10 10 64 4,607 10 185 3 24 7 2,972 1 (*) 3 204 1 n 1 12 138 2 215 36 3 10 12 127 82 390 247 198 54 335 162 25 6 1,175 357 4 294 2 n 100 15 1 23 134 15 2 2 32 837 7 6 289 26 1 8 265 260 38 4 24 8 220 (*) 194 122 4,834 44 338 13 208 899 n 0 1,760 120 223 33,521 1,271 1,184 45 52 204 1,310 10 4,688 11,220 6,677 29 993 31,054 10,023 6,194 2 4 31 198 1 3 50 473 562 189 462 249 "663 383 22 239 61 33 37 57 253 142 31,335 280 8,090 157 36 164 19 1,513 126 16 6 43 35 9 37 129 35 66 146 82 111 1,084 428 78 19 "i53 64 46 92 50 123 152 404 90 "217 156 15 15 824 1,914 107 20 4 222 16 249 1,290 46 100 15 246 972 111 3,861 75 796 438 51 164 368 3,567 228 849 1,797 3,000 49 26 121 954 21 1" 179 n 7,097 54 70 108 362 19 16 50 1,419 1,416 200 6,638 2,743 1,505 9,894 2,011 85 4 7 24 24 1 6 186 77 102 16 252 132 11 131 40 1 12 1 8 14 92 208 33 418 1,452 67 103 80 179 24 182 90 243 206 92 80 588 282 7 22 3 22 127 6 31 414 2 1,421 116 878 1,557 8,274 302 853 37 2,31 235 119 25 2 874 870 19 1 3,195 652 159 54 19 3 10 § 45 154 103 86 4 120 1 2 6 36 182 1 647 74 15 133 611 11 60 720 g 169 31 1,292 556 131 523 6 223 18 651 218 135 260 3 231 6 1,047 322 252 26,466 24,114 7,098 1,966 260 89 31 585 4 58 32 85 12 33 113 38 622 14,641 27 10 207 82 46 19 19: 801 144 853 69 191 154 106 20 115 96 112 19 23 17 2,711 707 139 6 36,297 14,948 244 1,440 6,117 42 264 27 12 15 325 346 615 88 28 2 c 19 7 18 153 2 145 1 145 744 25 243 121 29 792 72,410 15,074 87,484 40,021 46,721 86,742 3,748 3,708 7,456 12,253 9,948 22,201 3,33 3,476 6,807 9.964 15,488 25,452 28,744 55,484 84,228 4,751 8,213 12,964 327,813 291,000 618,813 12,510 18,928 31,438 April 1994 SURVEY OF CURRENT BUSINESS • 10J by Industries, 1987 Benchmark Food and kindred products Broad and narrow fabrics, yarn and thread mills products 14 15 Miscellaneous textile goods and floor coverings Apparel 16 T 17 18 ous 262 60 821 22,262 2 033 1,707 8 (*) 3 1 105 15 28 10 3,192 Paper and allied products, except containers 34 Lumber and wood products fabricated textile products 19 20+21 13 31 295 4 22+23 5 874 ' 22 4 1 21 7 Paperboard containers and boxes Newspapers periodicals Other printing and publishing Industrial and other chemicals 24 Miscellane- 25 26A 26B 27A 108 6 15 428 and (*) 1 2 2 1 13 chemicals 86 68 2 636 273 39 54,695 1 179 (*) 1 48 42 22 129 (*) 1 9 897 3 621 13 040 3 875 1264 12,117 1 506 (*) 3 683 11 17 1 19 2 346 2 131 952 2 377 51 24 131 2 11 852 94 99 1 7 594 111 200 4 54 78 4 3 664 13 11 72 61 3,142 5,856 10 1,880 1,505 187 121 890 154 369 5,261 1 5 251 19 5 1 1 1 8,683 1 526 88 1 104 198 2 207 4 2 18 35 71 3 825 78 1 31 117 161 552 52 39 200 2 30 103 509 294 0 112 302 313 13 496 230 2 3,923 6 2 4 1 n 1 1 5 552 926 662 185 2 1 7 1 n 1 6 12 14 109 5 224 6 18 31 10 1 9 160 7 20 38 90 220 90 7 14 8 7 (*) 0 1 n n 4 1 2 1 19 4 4 1 n 397 88 187 238 575 55 158 15 344 3 3 9 348 92 53 5 136 12 17 1 236 973 13 58 677 356 11 1 1 3,229 5 (*) 4,804 (*) 23 48 (*) 1 20956 5 1 1 2 721 409 7 52 48 55 1 190 463 269 2 15 18,226 1,371 2,533 13,509 71 64 279 7 38 848 186 329 1 386 446 690 g 211 409 31 53 146 51 555 4 33 215 1 13,139 1,088 4 110 3,444 11,548 6,485 14,631 53 1 13 491 12 443 336 206 3,358 7,054 2,389 379 205 114 2 005 376 84 386 19 565 1,197 1,999 104 137 131 1 5 90 2 47 1,528 469 129 557 66 182 73 3 (*) 1 68 54 81 33 2 1 1 442 16,850 53 937 355 866 209 192 123 866 1,802 8,657 358 477 5 80 235 288 5,056 225,473 100,498 325,972 n 35 410 21 77 2 •| 27 16 5 (*) 21 41 1 1 3 3 3 1 n 59 6 1 5 1 1 0 21 9 83 48 1 n 9 30 8 13 35 4 1 1 14 10 62 160 369 15 83 1 89 38 12 9 828 7 3 3 287 570 17 48 172 527 141 430 84 20 5 908 6 1 1,005 1,494 5 5 3 475 570 131 59 12 91 102 16 69 4 46 136 202 51 4 12 54 8 47 22 38 18 25 3 25 149 12 59 97 38 13 10 650 191 385 16 144 13 175 342 992 191 292 2 26,104 12,140 38,244 23 359 2 40 47 3 1 40 5 57 2 52 10 36 99 343 32 20 1 9,588 16,795 26,383 7 77 2 13 7 n 2 r) 71 3 191 30 91 466 227 76 113 1 152 114 1,807 18 100 O 55 n 78 8 7 11 61 97 783 19 101 2 1,088 44 368 55 95 0 33+34 26 14 29 11 106 41 87 20 9 536 8 131 37 79 13 71 38 1,685 39 26 230 89 103 38 2,171 277 9 29 1 48 1 994 2 133 68 177 59 462 24 7 166 5 11,628 4,354 15,982 19 281 76 37,181 27,003 64,184 29 n 88 10,072 6,915 16,987 6 12 14 43 663 1,026 111 81 5 125 1,627 107 387 g 152 72 43 121 13 174 327 5 940 2 206 246 21 21 782 27 256 70 725 95 77 2,850 2,389 3,080 3,141 69 449 191 37 274 159 722 86 53 451 897 973 347 48 266 616 441 41 1,945 1,064 1,061 1,701 1,164 1,135 533 879 16 220 116 5 124 594 21 234 25 85 67 636 344 182 344 82 66 3,806 2,039 1,074 3,637 73 446 196 16 379 58 80 303 216 277 80 29 999 16 41 47 305 22 32 22 230 546 987 218 502 5 257 19 27 16 421 749 730 160 178 15 221 167 127 184 205 450 857 132 732 3 118 2 11 29 69 184 40 53 184 1 175 71 25 13 63 63 14 32 62 72 153 84 828 4 22 8 2 47,704 34,278 81,982 16,705 8,806 25,511 1,044 46,952 25,923 72,875 19,518 17,259 36,777 2,292 994 869 201 327 5 78 586 8 55 20,689 29,037 49,727 30 368 156 232 42 207 4 241 42,232 45,145 87,378 318 38 66 47,098 37,277 84,375 20+21 22+23 69 115 25 1 105 40 52 951 1 129 26 110 3 29 (*) 28 123 1,012 95 1 470 4 519 96 34 10 39 147 83 113 190 13 1 9 7 178 366 757 136 104 408 12 13 14 15 16 17 18 19 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 1 216 112 26 433 2 60 24 1,842 5,132 5 3 75 502 1,616 123 12 3 2 105 15 123 7 21 4 1,378 39 238 1 53 372 1 007 1,505 22 44 147 114 1 94 54 5 1 1 2 3 4 5+6 7 8 9+10 289 (*) 4 6 305 18 280 7 114 1 95 5 2 1 2,750 1,336 o 1 n 1 2 2 43 238 27 9 1 28 31 19 18 498 484 3 447 (*) (*) 1 1 1 6 132 4 423 1 7 479 1,020 1 576 303 810 28 27B 1 043 8 Plastics and synthetic materials and Com modity at producers' prices] 0 281 781 49 15 1 39 304 466 113 747 3 226 26 37 3 4 6 83 335 194 17 30 n 964 771 149 1,743 10 104 77 118 30 81 17 1,038 358 479 57 91 1 10 5 7 101 33 53 19 19 147 10,148 3,364 13,512 26,308 14,365 40,672 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T 108 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction Maintenance and repair construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Staie and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs Value added Total Industry output 'Less than $500,000. 29B 29A Paints and allied products 30 Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and 31 Cleaning and toilet preparations Drugs 32 33+34 75 46 952 "i60 42 61 1,146 2 345 2,971 468 3,758 21 39 749 1,535 63 329 1,713 233 1 231 3 2 1 138 12 64 65 433 16 196 390 n 35 184 3,513 1,449 10 231 "i30 392 1 17 328 57 25 1,294 20 6 1 126 2 6 2 95 239 197 4 6 66 1 5 271 191 2 17 1,758 99 3,905 1,441 60 15,955 417 6 9,933 620 3 277 51 42 29 65 235 4,074 5 450 247 300 115 15 707 1 25 982 109 5 252 80 1 551 142 5 25 1,269 ""33 () * 26 2,334 132 16 7 534 10 250 1,601 20 45 173 2 1,309 320 6 1 167 44 439 70 238 125 1 71 5,111 277 23 () * 100 219 2 13 2 25 397 275 772 11 17 524 0 1 8 10 (*) 1 55 23 , 4 21 11 11 1,149 916 319 78 5 150 2 1 1 158 280 19 11 2 40 24 6 3 153 563 889 67 5,485 187 43 19 19 603 2,331 115 127 6 249 16 3 2 185 222 12 67 2 122 16 10 40 644 2,527 154 61 3 295 74 43 8 343 1,653 1,260 209 6,367 19 1,232 361 1,829 511 202 4,238 32 386 181 478 580 34 682 6 69 26 1,159 789 120 1,269 2,813 1,898 489 4,274 23 247 138 150 25 21 7 169 395 853 61 55 2 614 27 54 126 376 1,156 321 51 128 3 538 23 118 265 580 685 704 246 318 7 86 15 12 23 53 93 375 37 218 17 55 89 168 157 10 76 108 191 1,246 2,010 119 103 2 172 26 17 777 38 51 19 187 14! 72 16 392 297 31 1,155 13,840 22,172 36,012 15,583 17,646 33,229 113,613 24,258 137,871 47,948 37,624 85,572 28 5 3 27 119 12 56 1 126 5 45 112 369 38 80 2 79 288 167 34 1,439 9 186 32 189 167 48 1,583 5 88 52 211 13 48 5 1,568 1,071 366 66 111 2 . 1 23 332 139 2 5 996 10,233 1,470 1 207 4 4 434 13 , 1 136 28 15 79 3 35 1,723 19 8 5 161 233 29 255 , Primary iron and steel manufacturing 36 2 33 399 812 894 12 24 189 161 314 1 182 Stone and clay products products 21 75,971 490 "558 Glass and glass products H 16 6,504 5,568 12,072 45 43 12 5 30 90 130 28 11 () * 122 223 2 39 49 11 130 5,018 3,681 8,700 7,87! 8,210 16,085 13 87 43 84 2,583 23,169 20,563 43,732 42,721 25,370 68,091 Primary nonferrous metals manufacturing April 1994 SURVEY OF CURRENT BUSINESS • 109 by Industries, 1987 Benchmark—Continued Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment machinery 39 40 41 42 43 44+45 46 47 48 49 50 51 52 n 1 1 13 5 n 12 5 1 21 1 4 2 12 n n 1 6 (*) 1 1 (*) 1 Electrical industrial equipment and apparatus Household appliances 53 Service industry 54 1 n 1 n 2 1 6 4 73 18 8 33 518 324 552 92 223 74 127 123 156 192 434 136 185 n 6 2 4 1 3 2 4 3 2 1 1 2 3 2 34 1 2 11 n 1 10 61 33 231 5 27 119 31 132 2 15 242 10 329 4 29 742 17 33 49 15 243 104 425 1 325 125 8,294 3,194 15 79 40 97 17 342 118 859 55 76 7,905 980 4 114 171 5,190 2,049 8 4 729 2,453 33 175 233 213 1,306 952 2 63 370 256 50 1 13 11 1 2 5 1 34 10 136 3 17 1 27 2 n o 4 29 2 12 193 25 26 83 2 17 18 7 64 2 15 19 1 (*) 78 90 6 71 13 36 169 6 196 17 19 n 1 41 177 1 46 2 2 103 32 138 4 28 n 13 2,571 3,008 199 15 159 996 1,209 1,475 1 17 401 3 20 202 115 1 34 110 (*) 4 1 476 585 7 24 1 7 4 n 64 2 18 35 6 83 3 20 168 5 7 18 101 23 66 151 33 257 4 44 325 1 3 34 85 235 1,467 427 42 46 1,017 365 1 99 2,135 639 147 1,338 910 193 134 260 66 307 179 170 247 103 216 60 157 189 215 83 214 189 253 12 91 2,988 225 997 394 440 1,249 971 22 122 13 607 95 383 37 847 30 187 188 451 709 682 225 165 130 612 216 476 117 287 601 1 5 13 139 n 48 1,938 652 73 43 727 3 8 n n 6 150 372 380 427 3 2 979 1 1 n 2 4 2 2 2 (*) 107 29 11 130 2 12 86 120 132 2 19 43 98 17 35 308 1 12 96 56 96 89 366 21 57 1,045 2 3 13 335 709 66 24 435 69 147 468 112 15 642 0 174 194 302 n n 20 98 1,229 1,140 192 486 389 30 1 222 1,117 1,214 110 400 220 104 166 70 1,144 312 243 567 146 283 35 122 61 37 1,559 382 8 1 976 210 1,076 1 27 42 11,591 398 242 89 127 3 101 23 80 1,398 1 1 44 16 17 206 913 4,063 63 142 1,322 1,456 843 64 (*) 584 20 320 592 80 190 3 7 11 16 n 0 155 48 12 10 11 21 11 22 129 9 72 1 9 2 4 2 22 9 1 4 27 5 5 4 107 433 13 27 3 5 2 21 84 3 91 1 76 11 7 4 22 132 6 123 1 101 17 15 24 26 109 6 740 2 192 396 4 32 30 156 8 120 n 40 6 17 61 156 5 220 1 126 303 3 108 31 166 3 78 378 159 34 2,479 30 186 84 423 165 79 1,639 3 205 57 685 262 54 2,302 21 306 85 139 44 14 707 2 50 22 267 116 29 1,742 8 104 58 29 54 20 11 460 3 32 14 4 7 7 27 151 5 91 1 86 3 7 2 22 100 4 64 39 5 7 11 38 306 15 120 1 80 1 2 4 7 58 2 20 11 139 70 26 796 3 38 20 13 10 15 107 551 21 156 2 173 2 3 1 8 105 3 30 n 96 11 22 137 680 13 128 2 117 269 57 16 784 15 108 46 154 40 16 929 6 106 28 290 81 18 1,153 8 110 40 253 43 8 565 7 166 28 338 30 45 4,147 18 361 76 76 186 51 37 1,526 4 59 31 289 81 20 1,407 8 246 41 135 69 18 1,114 1 110 23 285 207 20 23 179 409 278 139 246 5 139 11 40 81 717 225 265 69 93 1 221 30 49 104 231 481 821 134 227 2 41 1 21 52 45 90 104 22 26 2 79 25 34 80 171 198 612 74 35 1 38 5 9 13 44 64 149 24 12 2 177 40 22 41 135 205 355 91 184 1 127 29 15 22 112 150 272 57 63 1 130 38 29 58 142 222 291 76 78 5 188 20 22 56 150 485 318 84 114 2 521 337 22 52 414 473 151 199 229 5 84 36 14 27 110 132 346 56 26 1 120 128 25 42 128 221 775 77 101 1 41 33 17 20 42 118 318 35 16 38 46 14 20 41 97 36 11 20 40 52 29 65 34 5 11 5 26 6 43 7 168 12 2 12 6 29 2 67 12 19 22 7 76 11 19 33 6 58 11 20 16 4 43 7 29 22 9 1,066 20 8 5 8 9 26 7 142 25 50 8 52 24,930 19,001 43,930 17,787 14,187 31,973 22,155 22,269 44,424 7,870 6,226 14,096 14,902 11,852 26,753 3,884 3,309 7,194 8,756 12,470 21,227 7,659 8,595 16,254 10,836 12,400 23,236 8,164 11,839 20,003 31,625 24,195 55,819 11,987 10,422 22,409 11,056 11,609 22,665 8,767 6,594 15,361 n n 2 1 1 1 41 190 3 50 54 10 5 10 23 47 241 14 37 n 9 4 6 7 8,483 3,421 11,904 1 9 11 n n 85 3 n 6 n n n 3 9 n 72 modity number at producers' prices] n 137 2 36 n 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T 110 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction Maintenance and repair construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products . Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations . Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs Value added Total Industry output •Less than $500,000. Electric lighting and wiring equipment Audio, video, and communication equipment 55 56 Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles Truck and bus bodies, trailers, and motor vehi- cars and trucks) 59B 59A 58 Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment 63 60 1 2 n 107 153 493 431 1 2 1 5 n 117 328 29 5 239 2 15 99 409 3 0 11 34 80 4 101 137 3 102 107 32 789 105 1 2 13 140 4 25 390 169 641 24 747 806 26 24 1,418 1 23 14 117 420 1 42 2,539 1 403 53 130 1,956 558 278 81 324 411 187 443 1,743 1 2 495 38 5 471 11 122 3 182 1 47 898 1,678 99 57 5 2 112 3 48 199 4 28 115 3 43 606 32 216 84 96 6 163 31 25 13 7 4 53 36 55 11 10 (*) 27 446 469 365 96 14 3,520 4 413 485 1 19 244 1,205 86 213 475 126 12 108 170 38 42 108 5 237 155 203 272 1,472 8,193 156 78 36 4,625 26 163 13 1,304 1,025 222 145 2,158 1 85 366 4,421 3,046 140 114 703 1 15 203 1,349 3,539 2 9,934 1,645 2,371 1,278 2,280 1,384 58 183 957 209 1,145 863 n 1,615 236 8,393 5 1,291 247 717 85 13 1,105 30 30 372 1,411 2,658 164 772 41 2,773 212 176 90 93 0 0 28 14 381 871 184 6,259 14 27 14 11 173 936 26 194 2 310 731 261 59 3,688 43 159 142 660 144 47 1,552 27 883 113 1 962 1,211 77 195 13 11 46 214 10 297 2 187 9 9 4 36 151 7 241 1 82 789 99 34 2,125 7 450 70 231 51 41 1,379 11 222 45 326 30 178 96 235 449 782 93 50 4 150 39 86 317 586 464 157 71 23 144 134 20 37 189 244 602 118 137 24 117 79 103 106 220 543 2,434 193 482 23 159 24 80 92 212 484 1,807 150 2,196 4 459 766 46 103 508 1,016 1,929 148 101 21 233 n 98 16 495 1,347 856 3,740 1.548 40,005 51 21 1,234 17 59 572 2,168 43 685 3 159 491 342 113 10.545 124 493 345 123 34 19 195 254 148 64 291 81 172 42 918 155 20,363 20,337 40,700 21,758 26,895 48,654 109,111 25,004 134,115 42,721 26,270 68,991 42,620 39,508 82,128 54 10 13 21 138 3 220 185 54 18 1,138 5 163 27 159 247 52 21 1,970 5 163 105 87 18 30 109 166 268 8,532 9,083 17,615 n 471 60 9 7 1 9 55 184 144 47 289 n 236 58 934 437 853 181 478 1,057 110 1 50 503 71 80 402 148 90 13 7 129 602 313 40 626 70 3 5 50 202 8 62 122 120 17 99 3 6 37 31 146 2 148 1 65 n 11,371 9,452 20,823 5 15,912 2"217 18 15 39 220 12 1,182 3 359 "407 312 394 32 (*) 173 62 262 343 11 145 298 1,197 158 2 18 470 574 123 3 45 126 1,444 4 194 117 1,291 1,357 20 439 1,032 1,312 1 31 402 n 99 9 29 125 72 235 18 7 155 191 757 1,295 66 206 20 7,877 217 32 n 1 6 1,573 28 2 n 2,295 29 46 85 362 16 338 2 432 186 269 5 37 115 16 101 1 42 92 191 26 28 1,328 10 50 29 758 132 98 3,212 30 452 158 122 40 35 720 6 208 50 346 9 14 14 90 194 183 37 100 12 774 72 90 100 803 1,030 2,115 308 487 87 38 9 19 117 273 489 59 72 12 155 175 24 340 "7i7 36,349 49,114 85,463 8,462 11,264 19,725 12,687 11,396 24,082 18 4 306 April 1994 SURVEY OF CURRENT BUSINESS • 111 by Industries, 1987 Benchmark—Continued Miscellaneous nanufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B Commodity number at producers' prices] 70A 1 1 3 3 2 20 3 3 3 (*) 5 2 3 3 6 2 4 4 9 20 6 145 82 5 24 9 878 2,816 5,741 1,966 4 15 69 1 949 1 3 1 1 58 63 163 142 1 335 5 68 1,746 4 237 2 17 4 2 20 509 2 92 2 13284 93 28 16417 17 9+10 11 4,213 65 (*) 9 1 15 (*) 19 7 7 115 86 33 438 (*) 1 128 (*) 65 470 1 279 5 7 13 15 63 95 74 4 (*) 14 9 52 67 25 268 80 7 13 3 48 18 21 56 1 14 149 17 441 4 8 O 116 35 35 29 8 154 8 6,678 1 CNJ 189 324 43 18 126 724 9 289 434 7 88 337 73 1 80 43 18 689 93 285 8,764 650 (*) 10 (*) (*) 14 1 6 53 30 O 4 (*) 36 12 6 122 423 O o o 5 3,792 70 1 2 3 17 2,132 5,794 1,117 263 42 2 499 163 8,583 19 O 3 2 48 55 89 66 6 8 36 24 109 117 394 5 15 1 1 44 329 181 242 5 9 1 CNJ g 267 44 8 (*) 195 52 4 4 CM 1 131 288 3 7 5 9 1 42 731 76 1 CNJ 1,839 144 1 37 8 83 7 o 1 76 72 3 16 178 20 1 4 1 25 124 5 26 90 291 155 1 1 148 76 26 8 20 98 573 157 1 1 12 4 43 2 2 10 116 18 12 301 7 58 27 22 4 397 12 22 1 11 55 13 36 '7 l 856 2 10 14 83 494 23 77 1 71 293 64 109 48 4 6 69 19 397 5 4 45 31 260 n 33 1 90 25 13 3336 11 12 14 11 1 16 24 78 96 31 579 206 4,158 4,821 1,086 113 926 477 33,184 99 964 43 42 570 4 100 565 4 244 14 36 1,136 51 778 46 2 22 191 11 34 62 2 210 1 190 471 24 3 33 154 4 293 4 37 211 368 50 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69E 70A 70E 71A 71B 72A 72B 73A 73E 73C 73D 74 75 726 348 238 2 17 6 6 10 16 25 108 290 25 398 5 10 36 73 14 28 4 74 66 190 387 498 967 110 23 116 413 724 3,550 408 415 336 15 191 37 498 610 360 58 159 23 129 8 14 10 43 1 1 46,665 85,706 132,371 41,224 26,325 67,549 7,477 3,786 11,262 1,501 236 240 11 238 555 246 56 34 1 1,073 1,741 2,288 33 346 123 401 470 82 231 39 124 91 8 968 133 58 62 180 56 147 135 10 n 231 251 34 2,880 4,262 115 58 7 61 3,758 130 22 26 35 17,347 15,742 33,089 16,774 26,684 43,458 51,373 64,722 116,095 16,406 7,647 24,053 41,048 35,205 76,253 10,599 15,309 25,908 66,178 94,949 161,127 15,936 13,460 29,396 503 523 699 5 8 93 26 22 346 325 19 7 1,568 81 403 710 13 9,383 2,806 1,353 936 86 50 452 440 329 644 476 271 11 1,058 1,176 n 80 38 142 89 137 134 18 54 4 1 794 14 23 270 73 1,005 166 91 342 547 1.647 1 18 140 8 37 239 98 171 20 36 218 1 2,165 883 41 3 100 507 42 268 909 508 519 79 135 474 5 301 69 36 349 172 617 34 179 589 4 480 22 n 213 952 65 CNI 54 55 33 4 130 1,342 48 1,545 1,068 3 64 6 48 66 8 1,047 410 561 1,150 5,272 56 777 33 2,087 396 5,573 4,574 5,192 3,277 1.831 9,939 1,011 1,702 311 687 104 293 9,954 1,696 1,246 4,336 23 10 764 902 135 5,778 3,679 494 532 48,309 3,280 9,905 2,978 1,761 24,309 9,486 399 4,900 20,686 8,482 5,786 9,026 1,033 33+34 35 36 37 38 39 40 41 42 43 44+45 21 22 214 1 24 291 20 445 51 1,898 1 41 165 531 7 7 22 8 37 24 20,956 1,026 62 7 1 36 9 3 27 67 286 43 9 46 47 48 49 50 51 52 53 202 371 15 2 33 9 12 71 38 87 5,812 2,110 4,401 14 312 n 2,179 1,683 1,425 38 421 717 351 596 27 262 98 4 9 217 49 121 1 2 8 1 7 8 45 2,472 2,266 236 631 39 (*) 91 242 1,789 3,230 12 421 22 8 18 7 198 3,543 1,425 33 788 200 336 189 n 1 S 61 164 109 32 22 18,968 69 29 418 80 20 43 10 1 264 122 38 82 720 47 2.322 30 14 37 65 174 155 98 20 625 29 5 5 8 1,683 3,667 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 2,112 5 5 47 1,303 242 24 31 14 332 362 20+21 22+23 832 3 304 36 73 47 4 14 9 68 94 72 142 15 234 2 364 32 5 49 15 74 118 1 11 9 2 110 15 16 17 18 19 2,759 1,174 20 489 957 19 260 71 526 86 181 27 14 15 260 253 2 973 37 130 131 26 1,731 2,948 128 12 13 338 6 1 1 2 CNJ 132 4 8 14 n { 3,078 12 81 C\J 10 1,218 26 23 48 56 4 39 692 1 143 90 947 101 28 144 548 4 5+6 7 8 599 1,982 1,961 14,163 7,477 20,898 5,504 6,870 804 427 12,499 7,237 13,020 3,548 3,357 1,554 199 119 76 77A 424 774 1,455 7,115 42 77B 78 79 2,710 427 134 3,898 125,804 297,947 423,751 127,371 293,322 420,694 142,016 144,596 286,613 658 871 379 80 81 82 83 84 85 I VA T 112 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction Maintenance and repair construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning andtoiletpreparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing VVater transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs Value added Total Industry output •Less than $500,000. Insurance Owneroccupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services professional services, except medical 70B 71A 71B 72A 72B 73A 73B 73C 19 2,584 "'2I62 i 15,921 21,677 , Other business and Advertising 73D 2 3 1 217 , 517 n n 1,483 () * 104 646 165 20 1 15 339 359 25 1 304 22 22 689 234 n 1 313 7 2 n , 5 34 2 452 22 16 1,284 24 111 143 1 24 1,389 5 97 531 5 n 36 73 295 6 34 332 5 212 242 540 10 9 31 2 242 772 9 479 30 1 9 1 365 11 17 2,067 3 1 31 3 639 36 31 1,518 14 1,466 205 140 1 7 77 10 28 3 898 34 78 2,955 774 291 34 898 1 310 1,107 691 246 4 29 37 121 991 4 3 1 1 458 282 37 34 1 4 47 717 137 690 1,753 20 181 60 18 246 100 61 184 16 0 5 972 44 259 6 11 1,746 441 66 17 15 339 178 13 1 195 n (*) 6 7 123 4 24 8 170 42 4,830 1,047 192 1,153 2,823 1,963 2,025 2,856 799 66 . 48 3 91 134 445 595 14 424 115 1,539 12,218 1,657 1,347 25 618 46,111 279,033 325,144 6 34 18 116 106 173 10 46 49 587 26 600 1,412 78 303 21 187 4 37 29 25 62 113 4 551 3 1,571 718 378 130 224 22 1,673 10 2,204 264 136 1,397 353 366 683 126 3,276 15 3,403 308 60 75 493 229 6,294 6,322 1,278 604 372 558 50 1,931 47 1,192 476 144 1,517 83 844 72 295 39 14 904 41 543 36 467 85 169 1,199 223 1,412 316 1,274 418 84 3,037 258 2,512 748 2 10 20 28 37 2 43 1 210 453 43 10 3 70 18 154 19 32,320 910 763 74 2,190 7,363 6,263 3,338 1,381 72 1,523 28 684 18 630 2,690 658 50 541 17 3,767 84 1,436 356 2,765 2,246 1,492 462 870 19 2,051 87 56 7,058 491 1,674 533 473 464 11 8,826 3,128 557 8,284 15,381 16,011 493 1,142 2,717 121 6,374 1,050 277 6,035 5,285 14,020 2,320 2,537 2,412 152 1,069 191 46 21 200 437 92 199 318 123 194 467 11 56 144 256 1,619 9,705 63 86,428 86,422 172,850 53 464 157 39 658 27 24 1,608 138 2 5 254 141 325 406 7 502 69 2,405 98 4 298 277 46 5,832 54,111 . 152 214 101 510 258 584 274 724 262 354 253 559 29 180 95 3,335 636 26 15 26 130 189 233 60 305 122 10 344 259 20 179 921 1,357 114 465 1,339 1,559 118 928 99,839 280,436 380,275 18,787 22,211 40,997 32,319 33,983 66,302 25,051 35,770 60,821 73,250 104,682 177,931 82,309 138,418 220,728 4,941 10,942 15,884 April 1994 SURVEY OF CURRENT BUSINESS • 113 by Industries, 1987 Benchmark—Continued Automotive repair and services Amusements services 74 75 76 Educational and social services, and membership organizations 77A State and local government enterprises General government industry Household industry Inventory valuation adjustment 78 79 82 84 85 391 20 62 83 4 1,446 1,673 9 16 8 4 571 121 26 158 95 31 485 14 16 3 125 en Health Federal Government enterprises 77B Eating and drinking places 6 2 6 8 1,061 1,062 654 1,017 (*) 2,742 2 3,035 7,154 5 2,970 571 (*) 3 81465 59,031 10,351 21,754 7 268 21,498 97 326 11,974 1 25 Personal consumption expenditures Gross private fixed investment Change in business inventories 91 Total intermediate use 92 93 1,836 47,037 7 25 16 169 655 46 10 243 69 200 1 1,529 120 578 9,745 226 62 4 1 78 27 0 735 869 6 294 62 117 128 1,461 66 339 37 1 21 0 9 1 189 16 43 80 58 10 785 3,663 1,331 5 847 37 n 11 3 104 386 53 3 2 1 28 6,464 839 127 189 39 984 1,035 36 252 5 18 (*) 4 14 16 374 776 46 4 1,542 124 180 2,619 6,516 11 69 9 138 91 209 10 152 6 28 387 167 9 393 922 7,834 12 789 289 5 32 15 3 383 8 S 641 49 14 3 1 10 30 6 50 n 6 162 1,137 119 3 52 1 4,249 115 2 9 142 n 4 9 52 1 53 92 115 3 15 1 87 7 3,331 4,815 245 18 13 53 1,252 11 675 173 955 181 30 59 124,100 1 304 125,260 3 664 35123 8,549 14,438 9,369 68,635 3 867 69,529 24,501 2 547 49,322 79,565 12,543 39,534 11,676 6,952 11 365 70,488 78,219 3,578 15,366 43,245 74,182 57 761 11 619 39,226 29,847 43,780 8 316 6,177 2,749 10,100 3,126 14,038 14,927 15,346 12,881 17,719 2,743 15,549 10,561 42,174 12,838 2,370 61,127 22 583 2,763 17,485 7,770 9,277 27,231 80,137 8,029 36,314 18,525 81,923 924 79,596 55,987 12,350 210,780 37,597 121,959 93,582 244 176 1 1 2 167 289 90 8 3 31 61 (*) 11 1 18 1 1 14 7 55 (*) 1 66 4 7 8 3 1 19 43 9 1 8 308 7 22 32 107 11 8 13 202 122 190 211 4 6 15 17 14 3 22 2 3 26 6 6 13 429 2 19 504 50 105 1 39 4 532 36 310 167 38 113 23 9,976 10 108 119 267 194 34 103 5 10 33 129 7 293 385 1,541 62 171 2 804 36 41 47 294 802 112 486 92 1,021 13 186 183 93 188 41 234 2 658 6,698 683 261 337 842 84 955 20 2,774 124 498 767 237 791 41 2,603 22 1,762 4 13 53 724 1,616 77 926 10 146 17 15 43 440 309 200 98 75 234 4,445 364 329 9,302 27 2,236 33 1,006 520 82 4,700 4,855 4,201 2,263 1,100 220 125 498 45 718 77 3,172 1,499 289 6,618 288 1,449 1,223 2,038 964 255 2,462 131 2,085 715 281 83 83 376 10 45 43 4,483 3,082 303 1,566 23 403 492 8,898 28 569 216 2,226 4,140 4,629 790 404 965 4,643 153 1,790 18 764 4,027 1,517 865 2,503 18 4,145 230 412 327 2,138 3,869 2,605 578 476 15,940 16,283 1,052 409 1,402 2,319 5,121 3,256 1,163 1,300 969 529 26 9 30 79 451 686 51 17 260 2,202 856 104 113 180 4 299 118 187 73 168 528 374 12 169 379 365 85 154 21,791 466 986 4,764 2,169 9,636 912 1,939 3,374 87 6,761 718 1,866 226 45 446 355 2,088 227 855 13 381 25 1,085 77 520 38 81 70 19 84 1,100 -1,758 358,627 17,300 198 457 138 36 1,099 201,153 20 774 1,047 4,992 71,153 10,088 1,820 19,469 11,902 292 11,741 10,923 978 784 23,958 25,019 194 60,189 11,669 13,619 1,518 2,705 11 72 599 2,369 3,920 15,467 795 155 13 36 525 1,464 3,600 461 248 583 176 117 3,290 883 161 11,997 2,278 18,387 263 5,277 101,875 3,133 316 11,043 4,456 4,625 27,179 13,080 20,258 4,177 31,439 2,553 61,963 1 326 63,318 25,544 14,864 111,741 373,725 135,789 81,638 2,811 1,945 2,302 16,909 5,032 13,439 15,053 11,072 747 33,476 7,186 5,878 2,657 435 21,728 2,755 62,933 6,591 8,843 3,183 33,814 5,653 3,876 827 2,343 167 819 412 1,446 333 1,157 596 916 127 449 1,188 515 138 502 1,199 558 197 3,001 1,292 467 179 606 1,204 864 24 557 237 604 208 333 42 50 198 153 101 331 306 110 3 608 446 787 361 8,115 1,745 2,132 1,070 1,285 398 2,181 553 755 49 97 39 4,389 39,161 11,178 4,929 23,701 10 7,509 39 59 7 -24,960 85 1,969 -31,136 7 709 -17,817 100,603 108,791 209,394 68,309 62,395 130,704 40,640 37,552 78,192 119,710 218,801 338,511 80.088 72,590 152,678 11,636 33,760 45,396 41,734 27,750 69,484 3,602,186 466,785 466,785 7,709 7,709 -17,817 -17,817 3,072,252 12 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71 A A A A 122,178 20,180 48,030 855 31,456 12,602 661 169,638 67,684 47,411 363,015 148,974 6,430 14,152 29,295 13,705 1 2 3 4 5+6 7 8 9+10 11 1,771 242 21 OftC 225,105 18,052 17,186 53,578 127,255 165,951 107,841 43,381 61,098 30,722 7,505 12,086 24,980 4,424 39,151 6.460 -719 -4,261 101 3,090 15,682 3,763 647 44 16,093 1 Commodity number at producers' prices] 732,891 28,037 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 83 84 85 i VA T 114 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.1.—The Use of Commodities by Industries, 1987 Benchmark—Continued [Millions of dollars at producers' prices] For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read the column for that industry Industry number 1 Livestock and livestock products 2 Other agricultural products 3 Forestry and fishery products 4 Agricultural, forestry, and fishery services , Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction Maintenance and repair construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment 49 General industrial machinery and equipment 50 Miscellaneous machinery, except electrical 51 Computer and office equipment 52 Service industry machinery 53 Electrical industrial equipment and apparatus 54 Household appliances 55 Electric lighting and wiring equipment 56 Audio, video, and communication equipment 57 Electronic components and accessories 58 Miscellaneous electrical machinery and supplies 59A Motor vehicles (passenger cars and trucks) 59B Truck and bus bodies, trailers, and motor vehicles parts 60 Aircraft and parts 61 Other transportation equipment 62 Scientific and controlling instruments 63 Ophthalmic and photographic equipment 64 Miscellaneous manufacturing 65A Railroads and related services; passenger ground transportation , 65B Motor freight transportation and warehousing 65C Water transportation 65D Air transportation 65E Pipelines, freight forwarders, and related services 66 Communications, except radio and TV 67 Radio and TV broadcasting 68A Electric services (utilities) 68B Gas production and distribution (utilities) 68C Water and sanitary services , 69A Wholesale trade 69B Retail trade 70A Finance 70B Insurance 71A Owner-occupied dwellings 71B Real estate and royalties 72A Hotels and lodging places 72B Personal and repair services (except auto) 73A Computer and data processing services 73B Legal, engineering, accounting, and related services 73C Other business and professional services, except medical 73D Advertising 74 Eating and drinking places 75 Automotive repair and services 76 Amusements 77A Heaith services 77B Educational and social services, and membership organizations ., 78 Federal Government enterprises 79 State and local government enterprises 80 Noncomparable imports 81 Scrap, used and secondhand goods 82 General government industry 83 Rest of the world adjustment to final uses 84 Household industry 85 Inventory valuation adjustment I Total intermediate inputs , VA Value added T Total Industry output 5+6 7 8 9+10 11 12 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 'Less than $500,000. State and local government purchases Federal Government purchases Exports of goods and services Imports of goods and services 94 95 485 12,747 544 122 559 2,663 1,494 633 15 81 2,725 12,111 2,591 1,407 782 1,197 362 3,645 684 5,922 262 555 1,062 14,630 542 5,364 2,959 983 342 6,128 3,233 666 777 1,019 1,407 3,303 166 869 2,123 2,634 2,899 6,063 540 2,335 2,696 4,182 1,660 13,167 1,217 1,847 943 1,358 4,137 12,596 2,404 12,918 10,874 22,891 1,278 10,311 2,224 2,831 3,377 4,606 -808 -2,353 -3,747 -16 -1,349 -65 -28,965 -734 -467 -18,538 -879 -3,601 -919 -25,395 -1,772 -6,399 -5,287 -9,914 -126 -226 -1,335 -10,727 -990 -2,009 -7,590 -1,281 -214 -13,332 -9,702 -9.700 -1,837 -4,513 -10,824 -6,992 -155 -961 -2,261 -6,573 -2,102 -5,402 -1,321 -4,911 -4,993 -6,947 -604 -17,329 -1,504 -3,346 -2,950 -3,341 -20,190 -13,704 -4,511 -61,157 -16,950 -6,875 -2,937 -9,990 -5,696 -15,769 -135 3,264 -5,711 134 161 37 26,294 85 12,598 2,906 -986 -1,763 4,267 GDP Total Education Other Total commodity output 97 7,512 11,216 1,958 2,496 10,830 49 31 928 2,398 1,546 475 271 31 1,222 16 144 169 Total Nondefense National defense 15,533 -161 -3,078 -104 -391 -740 -253 -64 -9 -78,696 -2,068 "31.663 12 750 -1,112 121 -141 86 -173 2 15,550 6,258 22,745 2,025 38 -142 56 5 -2 7,495 4,358 20,365 189 115 30 567 185 45 129 366 74 153 1,097 1,893 25 13 795 202 6 3,193 636 50 59 108 151 644 57 658 138 481 2,045 321 321 220 82 560 2,657 4,168 123 636 42 62 5,265 5,912 1,671 740 1,093 34,512 7,160 25,249 1,129 -424 810 5,150 834 2,837 80 3,853 105 3 566 140 32 39 124 42 15 428 1,793 9 13 472 160 1 2,649 480 47 22 51 78 395 57 491 110 407 1,879 303 312 180 76 542 2,573 3,493 101 467 38 41 4,964 5,884 1,577 609 1,050 33,306 6.754 23,710 704 123 320 2,729 697 2,159 42 1,954 2,671 579 236 5,860 114 1,400 1,746 1,734 465 184 5,039 92 1,243 947 125 4,133 8,099 20,907 85 1,139 185 1,001 613 7,326 409 111 10,116 675 150,627 -517 547 692 65 2,833 7,561 15,944 79 371 94 823 -352 1,127 312 80 8,673 -104 108,244 -161 36 10 750 -1,112 84 1 29 -177 4 8,055 1,900 2,380 1,836 84 587 -413 1,040 30 220 6 284 54 368 -419 756 32 1 1 168 28 75 167 18 9 40 6 18 84 675 21 168 4 21 301 28 95 131 43 1,206 405 1,540 425 -547 490 2,421 137 678 38 1,899 -19 71,111 25,728 117 5,854 -11 142 51 853 441 113 1,775 2,240 158 456 4,870 2,203 324 2 2,865 439 294 7,931 1,348 106 273 170 57 58 7 1 277 550 265 1,358 13 236 74 162 251 1.982 655 273 235 472 703 174 191 5,714 716 20 515 3,249 2,604 1,932 2,653 1,944 167 2,048 146 5,540 -19 61,020 19,816 116 2,114 -10 84 43 838 347 55 784 1,057 125 154 1,466 1,635 213 1 2,778 321 66 4,142 1,260 105 207 104 51 54 3 1 61 373 265 1,274 9 102 5 162 135 786 179 132 134 189 368 94 120 4,426 422 20 411 2,732 1.589 747 397 1.048 133 1,093 106 3,021 937 114 53 821 22 1,400 1,710 11,720 1,672 983 9,454 263 9,366 827 4,541 685 1,018 3,940 -41 666 7,180 987 -35 5,514 304 9,366 161 6,563 836 898 5,248 1,656 11,433 597 -3,409 2,223 -1,452 -32,757 -16.252 1,482 359 49 2^72 316,158 713 -1,237 301 1,402 1,729 4,136 416 -5,546 823 189 -10 -15,934 128 171 43 683 173,286 5,850 2,073 597 3,845 -73 7,298 181 2.138 1,400 -1,641 -32,747 -318 1,354 187 6 1,589 142,873 10 27 1 45 13 90 243 31 138 669 100 15 1 324 42 5 545 157 4 37 57 72 250 254 60 1,300 538 4,963 5 768 92 179 965 6,199 97 31 1,443 778 42,383 -356 10,091 5,912 1 3,739 -1 58 8 15 95 59 992 1,183 32 302 3,403 567 111 1 86 119 228 3,789 88 n 66 66 6 4 4 216 177 84 4 134 69 n 116 1,196 476 140 101 284 335 81 71 1,288 294 103 517 1,015 1,184 2,256 897 35 956 40 2,519 2,144 23,152 -864 1,914 -466 3,953 -29,318 -90 445,303 49,367 26,873 204,376 22,717 -291 7,717 49,821 9,637 4,301 32,833 11,432 786 13,128 17,804 10,286 823 3,872 24,186 25,920 818 67,111 8,631 5,209 968 95 -7,982 -2,014 120 4,460 1,978 3,241 6,078 19,829 4,627 11,951 13,285 9,163 4,929 39,085 8,865 5,557 12,927 1,871 30,476 6,029 8,149 131,139 7,200 61,838 21,311 68,373 10,937 21,805 21,164 35,056 16,169 42,745 4,776 78,241 1,326 76,857 26,192 16,120 212,971 385,364 168,991 84,039 325.144 164,515 22,012 49,085 11.110 50,727 45.807 1,564 167,639 70,129 48,119 330,888 140,184 8,490 14,621 -39,151 -4,139 466,785 7,709 -17,817 83,609 82,183 9.488 23,668 6.802 25.451 68.008 11,884 445,347 173,466 28,177 329,636 26.381 34,832 16,266 64,259 19,006 72,936 36,700 80,961 25,288 15,674 67,126 89,852 13,365 43,407 35,862 32,872 12,183 137,599 86,851 8,787 16,335 43,340 66,201 55,746 11,739 43,686 31,826 47,022 14,394 26,005 7,376 22,051 16,411 23,221 19,855 54,431 21,746 23,277 15,670 17,421 41,037 48,203 20,987 133,509 68,327 84,421 24,074 85,858 18,707 31,083 48,394 115,194 24,198 79,060 23,301 160,164 2,250 156.453 82,180 28,469 423,751 422,960 280,950 177,621 325,144 389,620 40,064 66,271 64,687 177,982 211,758 109,406 211,021 131,228 78,841 338,393 152,270 33,469 19,045 2"321 466.785 7,709 -17,817 4,572,829 348,572 -490,442 384,927 292,052 92,875 496,592 218,272 278,320 8,175,016 April 1994 SURVEY OF CURRENT BUSINESS Table 2.2.—Input Components of Total Industry Output, 1987 Benchmark [Millions of dollars at producers' prices] Industry number Total 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 42 43 44+45 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 4 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining Construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs , Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment , Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing VVater transportation , Air transportation , Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting , Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services , Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising , Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total Less than $500,000. 15,074 46,721 3,708 9 948 3,476 15,488 55,484 8,213 291,000 18,928 100,498 16.795 12,140 4,354 27,003 6,915 25,923 17,259 34,278 8,806 29,037 45,145 37,277 3,364 14,365 22,172 17,646 5,568 24,258 37,624 3.681 8,210 20,563 25,370 14,213 3,421 19,001 14,187 22,269 6,226 11,852 3,309 12,470 8,595 12,400 11,839 24,195 10,422 11,609 6,594 9,083 20,337 26,895 9,452 25.004 26,270 39,508 11,396 49,114 11,264 15,742 26,684 64,722 7,647 35,205 15,309 94,949 13,460 85,706 26,325 3,786 297,947 293,322 144,596 86.422 279 033 280,436 22,211 33,983 35,770 104,682 138,418 10,942 108,791 62,395 37,552 218,801 72,590 33,760 27,750 466 785 7,709 -17 817 4,572,829 Value added Compensation of Indirect business tax and nontax employees liability 3,284 5,619 779 9 941 1.836 8,383 11,699 4,008 189,998 12,370 43,805 2,853 8,413 2,729 17,503 4,048 16,168 11,412 16,521 6,370 15,391 27,499 15,582 1,950 6,560 8,292 5,308 2,505 6,857 23,433 2,362 4,875 11,952 17,894 10,442 2,019 12,772 11,245 14,716 3,973 7,478 2,409 9,843 6,147 8,544 9,391 13,585 6,580 7,919 3,660 5,249 11,363 18,527 6,579 15,227 19,067 30,002 8,713 33,494 4,276 8,637 18,648 40,701 5,732 23,231 7,945 36,761 9,886 19,453 8,626 3,510 174,697 187,889 109,452 62.328 27,230 10,663 21,130 25,443 79,014 92,121 7,404 81,909 28,995 24,710 178,143 68,100 31,077 19,296 466 785 7,709 2,698,657 Other value added Total intermediate inputs 26 10,700 38,566 2,771 7 1,139 5,072 39,847 3,518 96,515 6,323 49,468 9,242 3,491 1,523 9,262 2,784 8,503 5,617 16,412 2,231 13,392 16,689 19,871 1,188 7.040 13,728 12,155 3,031 6.812 12.519 132 3,117 7,807 6,293 3,182 1,318 5,737 2,430 7,053 2,077 3,925 835 2,353 2,285 3.595 2,198 10,170 3,691 3,447 2,807 3,675 8,596 7,517 2,639 7,669 5,607 8,892 2,566 14,665 6,768 6,796 6,456 20,938 1,229 6,225 6,722 46,278 2,975 57,012 14,548 -309 65,525 52,360 26.827 11,666 228 062 199,979 7.850 11,666 9,673 24,850 42,345 3,412 17,276 29,099 9,986 38,757 4,072 2 683 8,428 72,410 40,021 3,748 12 253 3,331 9,964 28,744 4,751 327,813 12,510 225,473 9,588 26,104 11,628 37,181 10,072 46,952 19,518 47,704 16.705 20.689 42,232 47.098 10,148 26,308 13,840 15,583 6,504 113,613 47,948 5,018 7,875 23,169 42,721 42,163 8,483 24.930 17,787 22,155 7,870 14,902 3,884 8,756 7,659 10,836 8,164 31,625 11,987 11,056 8.767 8,532 20,363 21,758 11.371 109,111 42,721 42,620 12,687 36,349 8,462 17,347 16,774 51,373 16,406 41,048 10,599 66,178 15,936 46,665 41,224 7,477 125,804 127,371 142,016 86,428 46 111 99i839 18,787 32,319 25,051 73,250 82,309 4,941 100,603 68,309 40.640 119,710 80,088 11 636 41,734 364,986 -17 817 1,509^ 186 3,602,186 1,091 2,536 158 51 0 2,033 3,939 688 4.487 235 7,225 4,701 235 102 239 83 1,251 230 1,345 205 255 957 1,824 226 766 152 184 32 10,590 1,672 28 218 803 1,183 590 85 492 512 51 0 175 449 66 275 13 6 262 250 440 11 5 243 127 18 5 358 852 235 2,108 1,597 614 17 1 955 220 39 0 1,581 3,083 687 5,749 642 11,910 600 9,242 3,151 584 57,724 53,073 8,317 12,429 50,971 53,227 3,698 1,187 655 818 3,952 16 2 9,606 4,301 2,857 1,901 418 Total industry output 87,484 86,742 7,456 22 201 6,807 25.452 84,228 12,964 618,813 31,438 325,972 26,383 38,244 15,982 64,184 16.987 72,875 36,777 81.982 25.511 49,727 87,378 84,375 13.512 40,672 36,012 33,229 12,072 137,871 85,572 8,700 16,085 43,732 68,091 56,376 11,904 43,930 31,973 44,424 14,096 26,753 7.194 21,227 16.254 23,236 20,003 55.819 22,409 22,665 15,361 17,615 40,700 48,654 20,823 134,115 68,991 82,128 24,082 85,463 19,725 33,089 43,458 116,095 24,053 76,253 25,908 161,127 29,396 132,371 67,549 11,262 423,751 420,694 286,613 172,850 325 144 380,275 40,997 66,302 60,821 177,931 220,728 15,884 209,394 130,704 78,192 338,511 152,678 45396 69,484 466,785 7,709 -17 817 8,175|016 Industry number 1 2 3 4 5+6 7 8 9+10 11+12 1 3 14 1 5 1 6 1 7 1 8 1 9 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 30 3 1 32 33+34 35 36 37 38 39 40 4 1 42 43 44+45 46 47 48 49 50 5 1 52 53 54 55 56 57 58 59A 59B 60 6 1 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T SURVEY OF CURRENT BUSINESS April 1994 117 Total and Per Capita Personal Income by State and Region This article was written by Howard L. Friedenberg and Duke D. Tran. The estimates of State personal income, as well as the section on the revisions, were prepared by the Regional Economic Measurement Division. presents preliminary fourth± quarter and year 1993 estimates of total personal income for States, regions, and the United States and preliminary 1993 estimates of per capita personal income. In addition, the article includes revised annual State estimates for 1988-92 and revised quarterly estimates for ARTICLE 1990:1-1993:111. The first section of this article looks at the preliminary estimates of total State personal income, and the second section discusses the preliminary estimates of per capita State personal income. The last section contains information about the revised estimates. Tables 1-4, at the end of the article, present the preliminary and revised estimates: Tables 1 and 2 contain the quarterly estimates of total and nonfarm State personal income for 1990-93, and tables 3 and 4 contain the annual estimates of total and per capita State personal income for 1988-93. Table 5 presents percent changes in earnings for selected industries for 1993. pickup was mainly in farm income, which increased substantially in the fourth quarter after having declined in the third quarter as a result of the floods in the Midwest, lower farm subsidy payments, and the drought in the Southeast. In the fourth quarter, the five States with the fastest growth in personal income were North Dakota, Iowa, South Dakota, Nebraska, and Minnesota. In these States, personal income rebounded sharply after having declined in the third quarter as a result of the crop damage and uninsured losses to property due to the floods and of lower farm subsidy payments. In 1993 as a whole, personal income in the Nation increased 4.7 percent after increasing 6.1 percent in 1992. The slowdown mainly reflected the effect on personal income of payments of bonuses in a number of industries in late 1992 that typically would have been paid in early 1993. If the timing of the bonus payments had been typical, personal income in the Nation would have increased 5.5 percent in 1993 and 5.7 percent in 1992. Total Personal Income Per Capita Personal Income Total personal income in the Nation increased 1.8 percent in the fourth quarter of 1993 after increasing 0.8 percent in the third quarter.1 The 1. In this article, these percent changes are not at annual rates. Per capita personal income in the Nation increased 3.5 percent in 1993 after increasing 4.9 percent in 1992. The slowdown mainly reflected the effect on personal income of the change in the BEA Estimates of Wages and Salaries for 1993 The annual change from 1992 to 1993 in the national totals of the preliminary State estimates of wages and salaries is the same as the change in the national income and product accounts (NIPA) estimates of wage and salary disbursements that appear in this issue. This year, the national totals for both the NIPA and the State estimates are based primarily on monthly national data on employment, hours, and earnings from the Bureau of Labor Statistics (BLS) establishment survey; in some years, such as last year, the national totals for the preliminary State estimates presented in April have instead been based primarily on BLS tabulations of wages and salaries of employees covered by unemployment insurance for the first three quarters and on a BEA estimate for the fourth quarter. The unemployment insurance data are used instead of the monthly establishment data when there are significant differences between the two series. In July, both the NIPA and the State estimates for 1993 will be revised to incorporate the unemployment insurance tabulations for all four quarters of 1993. 1. The monthly establishment survey covers total employment and the average weekly hours and average hourly earnings of production and nonsupervisory workers. The unemployment insurance tabulations are compiled from reports that are filed quarterly by all employers covered by State unemployment insurance laws and by the unemployment compensation program for Federal employees. (For a more detailed discussion of these two data series and their use by BEA, see "State Estimates of Wages and Salaries: A Methodological Update" in the October 1989 SURVEY OF CURRENT BUSINESS.) Il8 • April SURVEY OF CURRENT BUSINESS timing of bonus payments. If the timing had not changed, per capita income would have increased 4.3 percent in 1993 and 4.5 percent in 1992. The increases in per capita personal income for the Nation have exceeded the increases in U.S. prices (as measured by the fixed-weighted price index for personal consumption expenditures) for 2 consecutive years. In 1993, prices increased 3.0 percent, and in 1992, they had increased 3.7 percent. By State, increases in per capita income in 1993 exceeded 3.0 percent in all except eight States. Fastest growing States In 1993, increases in per capita personal income in the 12 fastest growing States ranged from 6.7 percent in Montana to 4.5 percent in Oregon (table A and chart 1). All of these States had above-average growth in personal income, and all except Louisiana and Indiana had average or above-average growth in population. All of these States except Florida, Hawaii, and Nevada had per capita income below the U.S. average of $20,817 m *993In Montana, Idaho, Mississippi, New Mexico, Nevada, Wyoming, North Carolina, and Oregon, personal income growth was boosted by aboveaverage increases in earnings in nondurables manufacturing, in retail trade, in the financeinsurance-real estate group, and in government (table B).2 In addition, most of these States had aboveaverage increases in earnings in the other major nonfarm industries. In Mississippi, large increases in earnings in construction and in services reflected the growth of gaming establishments. In Montana and Idaho, personal income growth was 2. Earnings is the sum of wage and salary disbursements, other labor income, and proprietors' income. Per Capita Personal Income: Percent Change, 1992-93 UNITED STATES 3.5% Fastest growing States Slowest growing States All other States U.S. Department of Commerce, Bureau of Economic Analysis April 1994 SURVEY OF CURRENT BUSINESS boosted substantially by large increases in farm income. In Florida and Hawaii, personal income growth rebounded from the effects in 1992 of Hurricanes Andrew in Florida and Iniki in Hawaii. Construction earnings rebounded substantially in Florida and moderately in Hawaii. In Louisiana and Indiana, increases in earnings were above average in trade, in the financeinsurance-real estate group, and in government. In addition, Louisiana had above-average inTable A.—Per Capita Personal Income for Selected States and the United States, 1992-93 Percent change Per capita personal income Rank Personal income Total Farm 6.7 6.0 5.8 5.8 5.4 5.2 5.0 4.9 4.7 4.6 4.6 4.5 9.0 9.3 7.4 6.9 7.7 6.6 9.1 6.1 6.4 5.0 5.6 6.6 91.5 3.5 2.8 2.7 2.7 2.6 2.6 2.2 2.2 .2 Nonfarm Population Fastest growing States: Montana Idaho Florida Mississippi New Mexico Hawaii Nevada Wyoming North Carolina Louisiana Indiana Oregon United States 3.9 25.4 13.9 79.5 16.8 6.6 -18.0 18.0 31.8 6.3 7.6 7.4 6.9 7.4 6.6 8.9 5.8 6.4 5.2 5.5 6.3 2.1 3.1 1.5 1.1 2.2 1.4 3.9 1.2 1.6 .4 1.0 2.0 4.7 -2.5 4.8 1.1 5.1 3.9 3.7 3.5 2.7 3.3 2.7 .6 31.1 -80.0 -22.0 -61.0 -25.2 13.1 -14.1 -86.2 4.7 5.2 6.7 4.0 5.5 3.2 2.7 4.7 2.2 1.1 1.0 .8 .1 1.0 .5 .4 40.9 -.2 Slowest growing States: Washington Minnesota South Dakota Missouri North Dakota California New York Iowa creases in earnings in nondurables manufacturing and in mining, and Indiana had above-average increases in earnings in durables manufacturing, in construction, and in services. Slowest growing States In 1993, increases in per capita personal income in the eight slowest growing States ranged from 0.2 percent in Iowa to 2.8 percent in Washington. All of these States except Washington had belowaverage growth in personal income and average or below-average growth in population. California's population growth was below average for the first time since 1948. In Iowa, North Dakota, Missouri, South Dakota, and Minnesota, personal income growth was slowed by large declines in farm income as a result of the Midwest floods in the third quarter. The slowdown occurred despite rebounds in the fourth quarter. In New York, California, and Washington, earnings in durables manufacturing declined, and earnings in construction either increased at below-average rates or declined. The declines in earnings in durables manufacturing in California and Washington, which were larger than those in any of the other States, reflected job cutbacks in the aircraft industry. In addition, California and New York had either declines or increases in earnings in most of the other major nonfarm industries. In New York, a large decline in earnings in the finance-insurance-real estate group reflected the atypical timing of bonus payments in the securities industry. Table B.—Percent Change in Earnings for Selected States and the United States, 1992-93 Durables manufacturing Rank Nondurables manufacturing Construction Mining Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services Government Fastest growing States: Montana Idaho Florida Mississippi New Mexico Hawaii Nevada Wyoming North Carolina Louisiana Indiana Oregon United States 2.4 10.1 -1.1 4.2 5.4 1.6 0 -.1 5.2 -1 4.9 2.2 5.6 3.8 .2 1.9 6.4 -5.1 8.4 6.1 1.9 1.8 1.0 1.9 4.7 12.8 12.5 18.6 20.5 6.9 27.4 7.1 13.7 4.1 .7 -5.8 2.8 11.1 -1.8 7.6 -5.0 -3.3 3.2 8.1 11.0 2.1 -2.3 -.7 4.8 9.9 2.4 4.5 7.3 7.9 3.8 -5.3 12.4 4.8 6.7 6.2 3.8 4.9 -.8 8.2 4.3 4.6 2.8 4.3 4.8 7.4 6.3 6.6 6.7 6.5 4.0 2.7 1.0 6.0 4.5 7.3 5.7 5.6 11.1 6.4 7.1 9.2 5.3 6.8 5.9 5.8 4.8 5.5 7.1 6.5 8.4 4.3 4.1 8.4 8.7 11.5 12.8 6.0 3.9 4.2 9.7 9.6 9.5 15.3 9.6 5.2 10.2 7.1 10.0 7.2 7.8 8.7 7.5 6.7 7.7 6.9 5.6 4.1 7.3 4.9 6.8 5.3 4.9 6.5 1.0 7.4 1.4 4.4 4.0 4.6 1.6 7.3 4.7 3.2 1.5 .7 1.2 4.7 -.9 -2.6 3.3 2.6 6.2 8.9 7.8 12.7 —9 41 4.5 -1.0 3.3 -5.7 8.5 5.6 5.5 7.4 3.5 3.9 1.5 5.2 4.3 4.1 2.2 1.6 6.1 5.0 5.5 5.1 2.5 4.2 _7 5.5 7.4 7.6 3.6 6.5 3.1 1.8 3.9 4.6 6.7 5.6 3.8 5.3 2.0 -5.8 6.0 6.9 7.7 11.8 7.9 6.7 5.3 6.3 6.8 5.8 6.4 7.0 5.0 4.3 2.2 3.4 5.7 Slowest growing States: Washington Minnesota South Dakota Missouri North Dakota California New York Iowa 2".9 3.6 • 119 120 • April 1994 SURVEY OF CURRENT BUSINESS Revisions to the State Estimates Availability of the State Estimates The State estimates of personal income for 199092 have been revised to reflect the routine incorporation of more current State and county source data (see table C). In addition, the annual State estimates for 1981-92 have been revised to reflect the incorporation of new source data that were not available in time to be used in the last comprehensive revision, and the quarterly State estimates for these years have been adjusted to reflect the changes in the annual estimates. The incorporation of the new source data caused changes to the estimates of both farm and nonfarm proprietors' income and of the residence adjustment, which is the net inflow of the earnings of interstate commuters. The newly available source data were also incorporated into the estimates of personal income for local areas. For a detailed description of the revisions for both States and local areas, see the Quarterly State estimates for 1969-93 are available, including tables presenting income by type of payment—for example, wages and salaries—and earnings by Standard Industrial Classification (sic) division. Annual State estimates of personal income and per capita personal income for 1929-93 are also available. The detailed tables of the State annual series have not yet been updated to reflect the revisions to the estimates for 1981-92; however, much of the information presented in that series, including earnings by sic twodigit industry, is available in the local area series. For more information, see the "Data Availability" box on page 129. article "Local Area Personal Income: Estimates for 1990-92 and Revisions to the Estimates for 1981-91" beginning on page 127. Tables C and 1 through 5 follow. H April 1994 SURVEY OF CURRENT BUSINESS Table C—Revisions in Total Personal Income for States and Regions, 1990-93 [Millions of dollars, quarters seasonally adjusted at annual rates] 1993 1992 State and region 1990 1991 1992 -1,700 -1,851 -2,244 -1,669 -2,089 -2,479 -2,738 -6,572 -5,374 -4,284 New England Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont -1,387 9 65 -1,161 -628 340 -13 -1,193 -14 85 -909 -621 263 3 -1,185 -7 96 -944 -643 308 5 -1,007 -20 157 -841 -560 236 22 -1,106 66 126 -996 -618 317 -1 -1,141 20 100 -932 -651 319 3 -1,486 -93 1 -1,006 -742 360 -4 -1,525 -292 150 -1,052 -672 383 -42 -1,623 -76 78 -1,257 -725 452 -95 1,665 897 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania -374 -971 414 486 -6,526 4,037 2,186 1,712 -949 586 354 -5,576 4,722 2,575 1,188 -983 743 299 -6,021 4,352 2,797 1,541 -952 566 339 -5,793 4,014 3,367 2,258 -1,001 667 274 -5,872 5,217 2,973 1,154 -982 812 380 -5,922 4,382 2,484 -201 -997 927 205 -6,498 3,796 2,365 -378 -940 742 384 -5,822 2,755 2,502 -297 -1,015 769 77 -6,332 4,146 2,056 -112 -1,159 771 -21 -6,652 4,252 2,697 Great Lakes Illinois Indiana Michigan Ohio Wisconsin -2,282 -2,230 -77 -746 1,340 -569 -2,723 -2,490 -265 -959 1,881 -890 -2,830 -2,793 -283 -949 2,082 -887 -2,509 -2,703 -111 -1,074 2,318 -937 -2,401 -2,649 -272 -838 2,255 -897 -3,099 -2,876 -356 -929 1,914 -851 -3,312 -2,945 -393 -953 1,841 -863 -7,254 -5,133 -564 -1,374 1,042 -1,226 -4,825 -3,280 -622 -1,266 1,638 -1,294 -2,721 -2,363 -851 -1,064 2,115 -557 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota -1,135 -623 -358 64 -306 27 7 54 -1,429 -902 27 48 -486 -24 -133 42 -1,474 -878 -44 99 -493 -70 -125 36 -1,056 -867 -92 236 -294 -10 -94 -1,291 -875 -30 227 -454 -77 -117 35 -1,684 -926 -27 -1,867 -845 -24 -100 -724 -68 -143 36 -5,948 -3,500 37 -835 -594 -732 -60 -264 -3,767 -2,404 671 -551 -711 -614 -6 -152 -5,454 -2,808 86 -881 -878 -252 -402 -318 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 365 145 -241 1,567 628 -968 147 -60 -602 110 293 -1,048 395 422 88 -320 2,592 700 -1,068 124 -79 -827 20 112 -1,315 393 500 137 -383 2,835 840 -1,218 111 -108 -956 47 233 -1,469 430 248 101 -378 2,575 850 -1,231 -55 -148 -939 73 299 -1,389 491 -314 173 -396 2,241 760 -1,228 -7 -74 -941 -38 211 -1,417 403 819 113 -417 3,220 784 -1,178 393 -90 -996 7 97 -1,516 402 1,246 163 -340 3,304 966 -1,234 115 -121 -949 147 323 -1,554 425 -787 66 -314 2,554 676 -1,524 -104 -118 -890 171 -89 -1,609 396 -3,202 343 -1,009 1,729 705 -1,494 -280 -316 -1,244 93 -214 -1,822 307 -1,654 198 -572 2,217 59 -1,403 -602 122 -164 190 105 -1,975 171 1,442 362 2 -146 1,224 2,098 337 -132 -175 2,067 2,257 301 -157 -217 2,330 1,924 251 -164 -265 2,102 2,219 298 -176 -272 2,370 2,331 307 -161 -219 2,403 2,554 348 -126 -111 2,444 3,844 214 -117 24 3,722 3,142 281 -216 -100 3,176 2,959 794 -91 -359 2,615 313 -25 227 -9 -24 144 221 48 151 -37 -94 153 -3 -54 112 -53 -122 113 99 103 87 -153 107 -24 -36 115 -85 -129 111 -22 -94 101 -26 -109 105 -64 -188 144 -55 -94 130 1,472 526 478 464 -142 146 1,512 364 667 516 -157 122 588 160 -484 136 Far West Alaska California Hawaii Nevada Oregon Washington 1,357 -173 -1,767 509 594 454 1,739 -959 -166 -3,233 423 603 414 1,000 -696 -187 -3,220 403 677 446 1,184 -912 -195 -3,127 344 626 367 1,072 -1,430 -185 -3,986 358 643 470 1,271 -834 -201 -3,391 383 702 437 1,235 390 -167 -2,376 525 738 510 1,159 4,004 -183 452 495 762 749 1,728 3,687 -159 -292 496 766 802 2,074 563 -346 -1,694 215 928 594 Census Divisions: New England Middle Atlantic East North Central . West North Central South Atlantic East South Central West South Central Mountain Pacific -1,387 -304 -2,282 -1,135 980 -591 984 1,272 763 -1,193 1,722 -2,723 -1,429 1,555 -947 1,696 1,030 -1,562 -1,185 1,128 -2,830 -1,474 1,786 -956 1,842 819 -1,374 -1,007 1,588 -2,509 -1,056 1,614 -980 1,403 813 -1,538 -1,106 2,318 -2,401 -1,291 948 -917 1,695 739 -2,073 -1,141 944 -3,099 -1,684 2,109 -1,058 2,161 826 -1,536 -1,486 -337 -3,312 -1,867 2,475 -869 2,108 896 -347 -1,525 -565 -7,254 -5,948 1,483 -1,666 3,328 2,332 3,242 -1,623 -130 -4,825 -3,767 -400 -1,680 1,787 2,345 2,921 1,665 296 -2,721 -5,454 88 -978 1,084 2,098 -364 United States Southwest Arizona New Mexico Oklahoma Texas Rocky Mountain Colorado Idaho Montana Utah Wyoming 31 -501 -125 -144 150 -406 661 165 • 121 122 • April 1994 SURVEY OF CURRENT BUSINESS Table 1.—Total Personal Income, States and Regions [Millions of dollars, seasonally adjusted at annual rates] 1990 1992 1991 Percent change 1993 State and region United States 1 1993:1111993:1V 1992:1V1993:1 V 4,812,922 4,840,899 4,911,121 5,001,184 5,077,402 5,122,205 5,312,702 5,234,736 5,354,604 5,395,210 5,491,299 1.8 3.4 319,128 92,582 22,906 146.346 25,319 20.929 11,047 311,115 89,461 22,883 142,774 24,619 20,464 10,914 318,979 91,612 23,267 146,716 25,276 20,995 11,113 325,280 93,286 23,603 149,689 25,960 21,383 11,359 328,724 94,139 23,927 151,536 26,138 21,542 11,442 1.1 .9 1.4 1.2 .7 .7 .7 3.0 1.7 4.5 3.5 3.2 2.9 3.6 1,006,251 1,020,286 1,033,597 1,072,138 14,352 13,949 14,766 14,205 16,491 15,867 16,822 16,151 111,755 113,353 114,821 117,727 198,315 201,323 204,206 212,308 424,568 430,058 435,585 455,203 241,797 245,196 248,142 255,311 1,036,695 14,573 16,768 116,442 206,153 432,357 250,401 15,031 16,944 119,217 212,472 448,817 256,406 1,079,438 15,113 17,158 120,301 214,361 453,070 259,435 1,091,975 15.452 17,244 121,541 216,927 458,062 262,749 1.2 2.2 .5 1.0 1.2 1.1 1.3 1.9 4.6 2.5 3.2 2.2 .6 2.9 875,621 262,126 107,509 190,957 216,387 98,642 256,993 107,351 188,425 213,437 97,482 881,855 263,209 109,031 192,893 217,514 99,208 265,089 110,097 194,368 219,638 100,192 908,582 271,317 112,326 199,708 222,895 102,337 2.2 2.3 2.0 2.7 1.5 2.1 3.8 3.5 4.5 4.6 3.0 3.7 356,298 52,826 51,038 95,325 101,215 31,374 11,767 12,752 351,768 52,281 49,932 94,046 100,239 31,452 11,209 12,609 356,820 51,833 51,671 95,202 102,348 31,498 11,550 12,718 346,800 49,108 50,032 93,551 100.648 30,965 10,328 12,168 364,499 52,941 52,231 97,810 104.235 32,897 11,327 13,059 5.1 7.8 4.4 4.6 3.6 6.2 9.7 7.3 2.3 .2 2.3 2.6 3.0 4.9 -3.7 2.4 1,086,481 1,088,119 1,137,196 1,131,363 1,154,972 1,169,388 71,896 72,498 70,534 67,562 68.601 70,665 38,657 38,853 39,013 37,271 37,157 38,711 264,855 256,888 279,946 277,008 283,608 287,921 124,237 125.862 130,277 128,836 133,212 134,306 64,676 65,625 61,411 62,177 64,125 63,229 71,143 71,869 68,004 67,894 69,927 70,224 38,814 39,494 36,589 36,798 37,862 38,649 120,771 122,842 126,350 126,020 128,828 130,910 57,821 61,447 62,128 58,615 60,161 60,202 87,812 93,369 94,814 88,783 91,520 92,566 132,205 134,176 137,603 137,206 139,882 141,459 29,440 29,511 27,944 28,326 28,961 28,964 1,189,918 137,027 66,727 73,137 40,492 133,798 62,845 96,270 143,139 30,095 1.8 1.6 3.0 1.6 2.0 1.7 1.8 2.5 2.2 1.2 1.5 1.2 2.0 4.6 4.3 3.4 4.5 5.2 4.1 4.6 6.9 5.9 4.4 4.0 4.0 3.9 4,571,269 4,630,734 4,680,939 4,738,738 4,761,845 New England Connecticut Maine Massachusetts New Hampshire .... Rhode Island Vermont 287,057 82,250 20,820 132,825 22,319 19,019 9,825 289,375 83,306 21,025 133,603 22,472 19,117 9,853 291,659 84,242 21,112 134,653 22,616 19,180 9,856 291,752 84,734 20,966 134,480 22,555 19,166 9,851 292,486 83,874 21,262 135.189 22,900 19,318 9,943 294,301 84,598 21,244 135,988 23,126 19,322 10,023 294,553 84,376 21,397 135,986 23,282 19,393 10,118 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 929,692 12,838 14,029 104,095 183,775 394,875 220,080 944,206 13,090 14,573 105,468 186.556 400,956 223,563 955,881 13,382 15,279 106,939 188.648 405,101 226,532 960,957 13,462 15,631 107,439 189,687 406,402 228,336 975,020 13,673 15,593 109.262 191,132 412,825 232,535 977,639 13711 15,656 108,234 189,085 406,790 230.412 13,717 15,319 109.497 191,917 413,058 234,130 13,893 15,397 110,606 194,104 417,980 237,626 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 756,918 227,240 92,213 167,022 186,751 83,692 766,622 229,465 92,636 169,239 190,500 84,782 774,135 231,358 93,986 171,375 191,670 85,746 781,966 235,096 94,826 171,597 193,511 86,934 783,428 234,170 95,262 171,817 194,829 87,349 790,451 236,731 95,994 174,139 195,339 88,249 798,054 238,031 96,941 175,682 198,276 89,124 809,610 240,774 98,685 178,367 201,257 90,527 824,641 245,951 101,068 180,046 205,214 92,364 839,120 250,142 102,858 183,900 208,260 93,960 846,395 253,213 104.252 184,155 209.545 95,231 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 307,021 47,027 42,922 81,331 87,658 27,799 9,459 10,827 307,732 45,823 43,337 82,180 88,714 27,368 9,516 10,794 306,956 317,863 47,112 45,480 83,771 91,064 27,875 11,143 11,418 317,139 47,601 44,543 84,029 92,067 28,312 9,456 11,131 321,173 47,570 45,479 84,873 92,820 29,021 9,838 11,572 320,555 47,196 45,122 85,403 93,584 28,645 9,411 11,195 329,304 48,415 47,070 86,951 95,299 28,902 10,858 11,810 336,833 339,392 50,542 48,342 90,085 97,692 30,099 10,616 12,017 341,194 50,727 48,268 91,531 98,229 29,933 10,498 12,009 Southeast Alabama Arkansas Florida2 Georgia Kentucky Louisiana2 Mississippi North Carolina South Carolina Tennessee Virginia Wesf Virginia 963,653 58,999 32,300 240,335 975,579 60,131 32,325 243,366 988,281 60,595 32,334 246,508 1,012,758 62,896 33,924 252,243 1,069,513 112,529 54,720 60,541 32,473 109,587 53,315 78,366 119,565 24,626 110,585 53,940 59,748 32,204 108,085 52,665 77,123 120,580 24,826 122,160 25,153 1,023,089 1,032,560 64,110 63,416 34,242 34,184 253,922 255,016 116,478 117,694 58,028 56,982 64,318 63,640 34,277 34,065 112,388 114,656 54,808 55,220 81,179 82,005 125,791 126,497 26,498 26.238 1,046,586 65,027 35,014 109,132 53,349 59,113 31,881 106,209 51,644 76.498 997,618 61,603 32,842 248,209 113,379 55,806 61,510 33,033 109,475 53,794 79,156 123,280 25,531 Southwest Arizona New Mexico Oklahoma Texas 404,847 58,800 21,089 46,507 278,451 411,506 59,454 21,305 47,064 283,683 417,688 60,277 21,734 47,654 288,023 424,008 60,802 22,280 49,093 291,832 429,463 296,469 Rocky Mountain Colorado Idaho Montana Utah Wyoming 118,230 60,569 15,140 11,502 23,585 7,434 120,338 61,658 15,415 11,578 24,080 7,607 121,447 62.407 15,370 11,440 24,546 7,685 125,658 126,285 Far West Alaska California Hawaii 2 Nevada Oregon Washington 803,852 11,244 606,796 22,346 23,844 47,931 815,376 11,532 614,023 22,995 24,364 48,920 93,542 824,892 11,616 620,174 23,576 25,049 49,421 95,056 838,916 11,807 629,722 24,149 25,472 50,374 97,392 45,537 43,312 82,271 89,546 26,837 8,942 10,512 64,016 16,004 12,639 25,068 7,930 114,792 55,970 62,902 33,672 110,727 54,542 80,309 124,727 26.055 61,796 22,503 64,825 15,837 12,130 25,405 8,089 836,400 12,017 625,310 24,258 25,949 50,698 98,168 298,215 85,477 21,607 137,679 23,618 19,610 10,225 301,610 86,284 22,001 139,136 23,929 19,808 10,452 50,803 47,409 89,502 96,743 30,066 10,357 11,954 127,807 26,971 66,604 36,597 261,365 122,194 60,460 66,842 36,060 118,507 57,000 86,104 130,152 27,627 257,158 119,412 59,099 65,472 35,044 115,796 55,952 83,833 305,648 87,864 22,330 140,532 24,152 20,121 10,648 309,081 22,588 141,523 24,429 20,357 10,799 73,690 40,030 292,665 435,704 62,389 22,794 49,403 301,117 438,307 62,544 22,913 49,318 303,533 446,818 63,442 23,280 50,707 309,389 456,002 64,772 23,844 51,458 315,928 464,806 65,964 24,248 52,264 322,330 470,378 66,900 24,601 52,575 326,302 487,957 69,112 25,116 54,225 339,505 486,248 68,903 25,587 54,056 337,702 496,681 70,835 26,020 54,972 344,854 501,525 72,385 26,632 55,080 347,428 510,223 73,181 27,135 55,884 354,024 1.7 1.1 1.9 1.5 1.9 4.6 5.9 8.0 3.1 4.3 129,160 66,168 16,315 12,479 25,947 8,251 130,028 66,714 16,349 12,416 26,238 8,311 133,986 68,369 16,973 13,467 26,716 8,461 135,296 69,426 17,124 12,891 27,383 8,471 137,958 70,818 17,542 13,166 27,824 8,608 139,777 71,898 17,721 13,177 28,352 8,629 145,188 74,257 18,596 14,142 29,267 8,926 146,439 74,932 18,798 14,356 29,313 9,041 149,768 76,581 19,414 14,759 29,884 9,130 150,354 77,399 19,280 14,248 30,235 9,192 153,870 78,667 20,088 14,800 30,923 9,391 2.3 1.6 4.2 3.9 2.3 2.2 6.0 5.9 8.0 4.7 5.7 5.2 844,023 12,148 629,828 24,330 26,397 51,391 99,928 849,201 12,294 632,401 24,516 26,791 51,836 101,363 856,997 12,446 636,065 24,846 27,192 52,877 103,571 871,037 12,759 645,210 25,521 27,925 53,703 105,918 883,710 12,891 653,838 25,887 28,375 54,642 108,077 893,665 12,997 661,788 24,336 29,030 55,657 109,856 919,175 13,233 677,430 26,885 30,394 57,141 114,091 907,420 13,500 666,529 27,043 30,560 57,796 111,991 926,641 13,690 680.188 27,459 31,248 58,709 115,348 933,040 13,702 685,513 27,374 31,826 59,131 115,495 943,508 13,862 692,016 27,568 32,641 60,156 117,265 1.1 1.2 .9 .7 2.6 1.7 1.5 2.6 4.7 2.2 2.5 7.4 5.3 2.8 309,081 887,933 846,395 341,194 872,372 256,359 483.928 260,308 864,635 319,128 922,822 875,621 356,298 912,656 265,218 502,368 269,810 888,781 311,115 888,911 318,979 917,695 881,855 356,820 927,609 268,755 509,626 277,872 895,393 325,280 926,865 328,724 937,738 908,582 364,499 953,807 277,180 523,075 1.1 1.2 2.2 5.1 1.6 1.7 1.9 2.0 1.1 3.0 1.6 3.8 2.3 4.5 4.5 4.1 6.3 2.5 Census Divisions New England Middle Atlantic East North Central .... West North Central ... South Atlantic East South Central .... West South Central ... Mountain Pacific 287,057 798.730 756,918 307,021 782,474 220,728 416,371 221,962 780,009 r 289,375 811,075 766,622 307,732 793,239 223.398 422.820 225,461 791,012 291,659 820,281 774,135 306,956 804,852 226,154 428,553 228,507 799,843 291,752 824,425 781,966 317,863 810,200 229,598 435,278 234,212 813,444 292,486 826,286 783,428 317,139 820,685 232.847 441,990 236.534 810.451 294,301 836,492 790,451 321,173 828,152 235,641 448,345 240,740 817,626 294,553 839,105 798.054 320.555 834.114 238.420 451,411 242,276 822,410 298.215 849.710 809.610 329,304 842,992 243,003 460,582 247,899 829,805 Revised. p Preliminary. 1. The personal income level shown for the United States is derived as the sum of the State estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad ternporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 301,610 864,680 824,641 336,833 858,417 249,228 470,824 251,838 843,112 305,648 876,577 839.120 339,392 871,542 253,374 479,870 256,544 855,335 351,768 905,978 263,932 500.994 271,490 876,860 346,800 938,807 272,431 513,231 281,196 901,214 910,867 2. The third quarter 1992 estimates of personal income reflect the losses resulting from damage caused by Hurricane Andrew in Florida and Louisiana and by Hurricane Iniki in Hawaii. 3. The third quarter 1993 estimates of personal income reflect the losses resulting from damage caused by floods in Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin and by drought in Georgia, North Carolina, South Carolina, and Virginia. NOTE.—The quarterly estimates of State personal income were prepared by Marian B. Sacks, James P. Stehle, Isabelle B. Whiston, and James M. Zavrel, under the supervision of Robert L Brown. April 1994 • 123 SURVEY OF CURRENT BUSINESS Table 2.—Nonfarm Personal Income, States and Regions [Millions of dollars, seasonally adjusted at annual rates] 1990 1992 1991 Percent change 1993 State and region 1993:1111993:1V United States ... 4,513,093 4,582,157 4,645,216 4,688,369 4,717,370 4,762,695 4,803,437 4,865,346 4,947,979 5,025,609 5,080,725 5,259,114 5,176,936 5,304,190 5,365,738 5,433,995 1992:1V1993:1V 1.3 290,967 84,041 20,951 134,484 22,578 19,149 9,764 291,075 84,542 20,802 134,316 22,516 19,134 9,765 291,722 83,650 21,108 134,973 22,855 19,280 9,856 293,491 84,364 21,081 135,756 23,078 19,282 9,931 293,786 84,159 21,242 135,763 23,237 19,356 10,029 297,475 85,270 21,452 137,460 23,576 19,574 10,143 327,822 93,837 23,698 151,301 26,107 21,500 11,379 1.0 .8 1.2 1.2 .7 .7 .7 941,638 12,937 14,573 105,074 186,301 400,120 222,632 13!246 15,279 106,591 188,435 404,393 225,700 958,790 13,339 15,631 107,110 189,471 405,721 227,518 961,816 13,573 15,656 107,885 188,847 406,073 229,782 972,793 13,519 15,593 108,874 190,872 412,072 231,863 975,629 13,579 15,319 109,146 191,673 412,384 233,529 987,592 1,003,630 1,017,620 1,031,203 1,069,733 1,034,382 1,066,876 1,077,478 1,089,625 14,062 14,944 15,245 13,753 13,801 14,865 14,226 14,630 14,413 16,151 15,867 16,944 17,158 17,244 15,397 16,491 16,822 16,768 121,144 110,258 111,336 112,941 114,430 117,329 116,059 118,871 193,872 198,064 201,042 203,963 212,063 205,920 212,254 214,157 216,680 417,307 423,766 429,263 434,871 454,481 431,637 448,217 452,492 457,352 237,005 240,797 244,160 247,222 254,408 249,584 255,724 258,759 261,960 1.1 2.0 .5 1.0 1.2 1.1 1.2 748,661 224,534 90.963 166,024 185,206 81,933 761,041 228,076 91,910 168,495 189,280 83,280 770,724 230,901 93,615 170,828 190,759 84,621 777,211 233,961 94,210 170,901 192,417 85,723 779,730 233,331 94,990 171,095 193,961 86,353 786,420 235,641 95,728 173,364 194,434 87,253 795,780 237,784 96,912 175,116 197,650 88,317 806,838 240,392 98,627 177,721 200,525 89,573 818,577 243,935 100,164 179,246 203,919 91,313 833,845 248,490 102,171 183,092 207,080 93,012 842,066 251,982 103,718 183,521 208,446 94,399 870,634 260,580 106,912 190,233 215,297 97,612 857,990 255,772 106,141 187,078 212,603 96,395 877,344 261,625 108,445 191,849 217,037 98,387 264,889 109,583 193,366 219,263 99,989 902,216 268,938 111,424 198,177 222,198 101,479 1.7 1.5 1.7 2.5 1.3 1.5 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 292,650 43,090 41,389 78,634 86,875 24,507 8,833 9,322 297,528 43,718 42,111 80,172 88,174 24,985 8,914 9,455 301,514 44,518 42,761 81,098 25,261 9,025 9,643 304,986 45,169 43,028 81,845 90,183 25,811 9,160 9,790 308,267 45,448 43,674 82,583 91,489 25,984 9,134 9,954 311,169 45,897 44,018 83,483 92,280 26,207 9,204 10,080 314,866 46,283 44,638 84,489 93,284 26,609 9,300 10,262 318,932 46,994 45,223 85,516 94,528 26,849 9,411 10,410 324,908 47,755 46,112 87,725 95,920 27,165 9,608 10,622 329,197 48,498 46,846 88,781 96,850 27,686 9,727 10,809 333,395 49,040 47,303 90,458 97,699 28,020 9,898 10,978 343,222 50,482 48,837 93,588 100,175 28,799 10,115 11,226 340,368 50,119 48,225 92,563 99,237 28,609 10,221 11,394 347,279 51,133 49,284 94,341 101,378 29,222 10,356 11,565 349,681 51,172 49,786 95,313 101,769 29,568 10,367 11,705 356,225 52,481 50,343 97,213 103,825 29,894 10,560 11,910 1.9 2.6 1.1 2.0 2.0 1.1 1.9 1.7 Southeast , Alabama Arkansas 1 Florida Georgia Kentucky LouisianaJ Mississippi North Carolina South Carolina Tennessee , Virginia West Virginia 950,493 58,048 30,918 237,568 107,719 52,173 58,497 31,284 103,584 51,307 76,024 118,828 24,544 964,239 59,095 31,237 241,251 109,305 52,907 59,269 31,753 105,675 52,376 76,707 119,916 24,748 978,915 59,802 31,741 244,117 111,528 53,874 60,285 32,235 107,519 53,108 78,055 121,564 25,088 987,304 60,637 32,072 245,785 112,280 54,810 61,217 32,633 107,505 53,501 78,709 122,689 25,465 999,315 61,548 32,564 249,286 113,305 54,911 62,262 33,050 108,323 54,141 79,835 124,096 25,993 1,054,843 1,071,877 1,076,539 1,124,353 1,116,914 1,143,246 1,159,361 1,174,643 72,453 69,387 66,446 70,692 71,521 65,419 67,656 69,525 38,359 36,943 35,600 37,599 37,953 34,978 36,041 37,502 258,114 261,888 254,594 277,345 274,283 281,097 285,399 289,334 120,516 122,454 124,377 128,616 127,175 131,555 132,914 135,077 65,474 64,692 59,172 60,182 60,970 62,830 62,155 63,642 72,452 71,787 66,228 67,241 67,616 69,498 69,531 70,895 39,756 39,182 35,306 35,840 36,389 37,246 37,590 38,296 115,922 118,176 120,398 124,093 123,350 126,459 128,611 130,603 56,636 62,529 57,454 58,343 59,841 61,115 59,805 62,009 85,496 95,855 87,183 88,323 91,954 93,021 91,045 94,592 129,498 131,549 133,571 137,005 136,715 139,449 141,192 142,669 27.556 28,261 28,897 29,426 30,081 27,865 28,934 29,509 1.3 1.3 1.1 1.4 1.6 1.2 .9 1.5 1.5 .8 1.3 1.0 1.9 Southwest Arizona New Mexico Oklahoma Texas 58,010 20,674 45,612 275,062 406,465 58,729 20,962 46,242 280,532 414,105 59,616 21,415 46,949 286,125 418,054 60,151 21,764 47,595 288,544 424,540 60,997 22,077 47,997 293,469 429,664 61,446 22,288 48,410 297,519 Rocky Mountain Colorado Idaho Montana Utah Wyoming 115,486 59,596 14,039 11,227 23,329 7,295 117,630 60,740 14,277 11,303 23,838 7,472 119,667 61,746 14,550 11,465 24,350 7,557 121,762 62,800 14,843 11,595 24,793 7,732 124,047 64,120 15,063 11,786 25,200 7,879 126,018 65,183 15,306 11,883 25,686 7,960 793,239 11,239 598,682 22,108 23,730 47,089 90,391 805,006 11,527 606,096 22,745 24,261 48,078 92,300 815,681 11,610 613,149 23,325 24,956 48,701 93,941 829,186 11,798 622,963 23,899 25,374 49,422 95,730 827,934 12,011 619,065 24,030 25.854 49,966 97,009 834,405 12,142 622,904 24,103 26,290 50,519 98,447 New England Connecticut Maine Massachusetts New Hampshire .... Rhode Island Vermont 286,235 82,011 20,624 132,631 22,276 18,980 9,713 288,611 83,087 20,849 133,418 22,429 19,081 9,746 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 926,970 12,667 14,029 103,665 183,521 393,982 219,107 Great Lakes Illinois Indiana Michigan Ohio Wisconsin ,. Far West Alaska California Hawaii 1 Nevada Oregon Washington , 1,008,735 1,020,078 1,034,221 63,876 62,118 62,881 34,201 32,912 33,492 254,199 250,539 251,850 117,854 114,788 116,153 58,040 55,881 57,057 65,119 63,078 63,991 34,550 33,445 33,926 109,632 113,365 111,943 54,367 55,569 54,861 80,714 83,353 81,617 127,186 125,091 125,872 26,910 26,170 26,436 300,761 86,059 21,842 138,911 23,877 19,768 10,304 304,753 87,631 22,157 140,291 24,099 20,081 10,494 308,250 89,162 22,427 141,300 24,379 20,320 10,662 318,295 92,361 22,735 146,120 25,270 10,917 310,308 22,665 142,562 24,584 20,428 10,841 318,225 91,382 23,073 146,508 25,248 11,055 324,545 93,052 23,419 149,493 25,932 21,346 11,304 301,291 441,732 62,733 22,863 49,650 306,486 450,654 64,059 23,342 50,449 312,804 458,737 65,262 23,729 51,210 318,536 466,258 66,283 24,195 51,869 323,911 481,719 68,471 24,627 53,014 335,607 478,319 67,925 25,026 52,933 332,435 489,876 70,045 25,483 53,802 340,546 496,568 71,372 26,085 54,343 344,768 502,076 72,134 26,378 54,636 348,929 1.1 1.1 1.1 .5 1.2 127,935 66,051 15,591 12,160 26,034 8,099 130,260 67,277 15,909 12,382 26,472 8,221 132,961 68,629 16,284 12,649 27,135 8,265 135,349 69,982 16,654 12,814 27,538 8,360 137,713 71,187 16,936 13,025 28,122 8,443 141,380 73,110 17,442 13,218 28,957 8,653 142,686 73,661 17,617 13,542 29,075 8,791 145,491 75,268 18,010 13,710 29,650 8,853 147,425 76,397 18,219 13,783 30,063 8,963 149,492 77,238 18,570 13,930 30,675 9,079 1.4 1.1 1.9 1.1 2.0 1.3 840,867 12,288 626,182 24,294 26,698 51,121 100,284 848,295 12,436 630,153 24,630 27,100 51,993 101,983 861,646 12,754 638,346 25,290 27,861 52,919 104,475 874,231 12,885 647,020 25,655 28,301 53,831 106,539 885,300 12,992 655,671 24,193 28,968 54,930 108,546 909,778 13,224 671,000 26,656 30,320 56,229 112,349 13,496 658,535 26,805 30,430 56,714 109,989 915,854 13,685 672,988 27,221 31,138 57,626 113,197 923,590 13,701 678,991 27,140 31,714 58,213 113,831 13,858 684,059 27,325 32,501 58,977 115,175 1.1 .7 .7 2.5 1.3 1.2 308,250 886,056 842,066 333,395 318,295 920,952 870,634 343,222 904,579 261,556 495,621 264,798 879,458 310,308 887,141 857,990 340,368 897,503 260,177 491,842 266,066 865,539 318,225 916,195 877,344 347,279 919,781 265,652 502,841 272,157 884,716 324,545 925,407 887,089 349,681 931,705 269,988 508,851 276,596 891,876 327,822 935,992 902,216 356,225 943,926 273,538 514,376 280,504 899,395 1.0 1.1 1.7 1.9 1.3 1.3 1.1 1.4 434,496 61,807 22,543 Census Divisions New England Middle Atlantic East North Central .... West North Central ... South Atlantic East South Central.... West South Central... Mountain Pacific 286,235 796,610 748,661 292,650 773,911 217,529 410,089 217,901 769,509 288,611 809,054 761,041 297,528 785,855 220,463 417,279 221,582 780,745 290,967 818,528 770,724 301,514 798,039 223,965 425,100 225,653 790,726 291,075 822,710 777,211 304,986 803,307 226,790 429,427 229,052 803,812 291,722 824,702 779,730 308,267 812,258 229,345 436,292 232,975 802,080 293,491 834,807 786,420 311,169 818,573 232,158 441,919 236,042 808,115 293,786 837,585 795,780 314,866 825,157 235,481 447,630 238,983 814,169 297,475 848,184 806,838 318,932 834,490 239,819 455,456 242,956 821,195 r Revised. p Preliminary. NOTE—Nonfarm personal income is total personal income less farm earnings. 1. The third quarter 1992 estimates of personal income reflect the losses resulting from damage caused by Hurri- 300,761 862,626 818,577 324,908 849,246 245,394 464,460 248,223 833,785 304,753 874,465 833,845 329,197 862,539 249,652 472,587 252,642 845,929 253,338 479,437 257,160 856,332 cane Andrew in Florida and Louisiana and by Hurricane Iniki in Hawaii. 2. The third quarter 1993 estimates of nonfarm personal income reflect the losses resulting from damage caused by floods in Illinois, Iowa, Kansas, Minnesota. Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin. 124 • April 1994 SURVEY OF CURRENT BUSINESS Table 3.—Total and Per Capita Personal Income for States and Regions, 1988-93 Per capita 3 Total Area name Millions of Dollars 1988 r United States 1 . Percent change 2 1990' 1991' 1992' 1993' Rank in U.S. Dollars 1988 1992-93 r 1989 r 1990 r 1991 1992' 1993' 1993 16,610 17,690 18,667 19,163 20,105 20,817 New England Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont 265,334 75,790 18.486 124,327 20,888 17,261 8,581 281,095 80,601 20,089 130,466 22,065 18,454 9,421 289,961 83,633 20,981 133,890 22,491 19,121 9,846 294,889 84,581 21,378 136,210 23,231 19,411 10,077 321,025 92,124 23,420 147,679 25,498 21,096 11,207 20,276 23,160 15,354 20.787 19,292 17,321 15.607 21,325 24,548 16,467 21,688 19,977 18,441 21,935 25,426 17,041 22,248 20,231 19,035 17,444 22,338 25,705 17,294 22,719 20,973 19.340 17,750 23,406 27,150 18,163 23,676 21,933 20,276 18,792 24,265 28,110 18,895 24,563 22,659 21,096 19,467 1 32 4 9 17 26 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 834,323 11,371 13,420 91,790 167,602 353,658 196,483 894,080 12,420 14,227 99,769 178,582 377,342 211,739 947,684 13,193 14,878 105,985 187,167 401,833 224,628 976,538 1,033,068 1,069,249 13,748 14,318 15,042 17,028 15,491 16,333 109,400 114,414 119,375 191,559 204,038 212,478 412,663 436,354 448,076 233,676 247,611 257,248 19,206 17,555 21,284 19,703 21,729 19,709 16,584 20,513 18,867 22,794 21,105 23,114 20,983 17,844 21,682 19,719 24,643 22,088 24,182 22,322 18,884 22,241 20,195 26,069 22,494 24,644 22,866 19,557 23,416 20,724 27,909 23,268 26,091 24,095 20,642 24,099 21,481 29,438 24,044 26,967 24.623 21,351 5 2 3 16 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 680,125 201,919 81,901 152,142 169,902 74,260 728,259 217,594 88,227 162,359 180,248 79,831 769,910 795,386 237,427 96,720 175,001 197,425 88,812 846,445 252,858 103,922 184,765 209,851 95,049 885,877 264,152 109,701 193,849 218,371 99,805 16,299 17,725 14,911 16,502 15,732 15,397 17,392 230,790 93,415 169,808 190,608 85,288 18,297 20,159 16,815 18,239 17,547 17,399 18,762 20,602 17,251 18,667 18,047 17,954 19,814 21,774 18,366 19,586 19,040 19,038 20,594 22,582 19,203 20,453 19,688 19,811 10 30 20 24 22 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 269,192 39,681 38,778 70,914 79,134 23,908 7,816 8,962 289,663 43,352 40,553 77,405 84,348 25,276 8,877 9,851 322,043 47,695 45,553 85,314 93,442 28,720 9,891 11,427 343,429 51,225 48,764 91,611 98,470 30,368 10,809 12,183 354,972 51,541 50,967 95,152 101,867 31,703 11,104 12,638 15,351 14,332 15,748 16,504 15,570 15,211 11,925 12.835 16,462 46,375 43,763 82,388 89,245 27,470 9,765 10,888 17,843 16,552 16,050 13,735 14,139 17,519 16,683 17,639 18,784 17,407 17,379 15,320 15,628 18,104 17,096 18,290 19,276 18,121 18,059 15,617 16,286 19,164 18,275 19,387 20,503 18,970 18,974 17,048 17,198 19,662 18,315 20,139 21.063 19,463 19.726 17,488 17,666 35 21 18 27 23 39 37 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 849,116 916,226 56,291 30,702 228,024 104,184 50,586 56,369 30,672 100,010 47,995 73,177 114,864 23,352 981,283 60,332 32,450 244,604 111,406 54,454 60,228 32,398 108,339 52,855 77,786 121,397 25,034 1,028,748 63,863 34,341 254,585 117,094 57,520 64,083 34,265 113,392 55,130 81,831 126,206 26,440 6.0 5.6 4.6 7.4 6.1 4.9 5.0 6.9 6.4 5.5 5.8 5.2 4.6 14,607 13,051 12,289 16,666 15,485 12,751 12,568 11,181 14,435 13,192 14,177 17,558 12,124 15,600 13,967 13,085 18.043 16,250 13,756 13,254 11,915 15,233 13,884 15,074 18,768 12,926 16,501 14,899 13,779 18,785 17,121 14,751 14,279 12,578 16,284 15,101 15,903 19,543 13,964 17,071 15,614 14,485 19,180 17,666 15,483 15,100 13,218 16,802 15,484 16,524 20,071 14,695 17,926 16,522 15,635 19,711 18,549 16,528 15,931 14,082 17,863 16,212 17,674 20,883 15,598 18,753 17,234 16,143 20,857 19,278 17,173 16,667 14,894 18,702 16,923 18,434 21,634 16,209 41 49 19 29 42 45 50 33 44 34 13 47 Southwest Arizona New Mexico Oklahoma Texas 360,245 53,251 18,713 42,158 246,122 385,260 56,646 20,134 44,694 263,785 414,512 59,833 21,602 47,580 285,497 437,573 62,543 22,872 49,531 302,627 469,786 66,687 24,452 52,630 326,016 498,669 71,326 26,343 54,998 346,002 6.1 7.0 7.7 4.5 6.1 14,489 15,061 12,554 13,310 14,765 15,359 15,639 13,388 14,187 15,695 16,323 16,262 14,213 15,117 16,747 16,952 16,697 14,781 15,636 17,440 17,861 17,401 15,458 16,420 18.437 18,596 18,121 16,297 17,020 19,189 36 46 43 31 Rocky Mountain Colorado Idaho Montana Utah Wyoming 104,451 53,966 12,668 10,269 20,915 6,633 113,279 58,202 14,241 11,317 22,520 6,999 121,418 62,163 15,482 11,790 24,320 7,664 129,865 66,519 16,368 12,623 26,076 8,278 139,555 71,600 17,746 13,344 28,206 8,659 150,108 76,895 19.395 14,541 7.6 7.4 9.3 9.0 6.7 6.1 14,500 16,540 12,850 12,832 12,379 14,260 15,659 17,767 14,321 14,152 13,201 15,270 16,639 18,818 15,304 14,743 14.063 16,905 17,456 19,740 15,773 15,632 14,759 18,076 18,293 20.666 16,649 16,227 15,573 18,631 19,160 21,564 17,646 17,322 16,180 19,539 14 38 40 48 25 Far West Alaska California Hawaii Nevada Oregon Washington 699,019 9,720 532,444 18,924 19,253 41,327 77,352 758,274 10,741 573,255 20,957 22,031 45,452 85,838 820,759 11,550 617,679 23,266 24,682 49,161 94,420 846,656 891,897 12,970 659,567 25,657 28,931 55,286 109,485 927,652 13,688 681,061 27,361 31,569 58,948 115,025 4.0 5.5 3.3 6.6 9.1 6.6 5.1 18,134 17,931 18,703 17,522 17,907 15,074 16.669 19,180 19,631 19,620 19.146 19,370 16,287 18,085 20,242 20,887 20,656 20,905 20,248 17,201 19,268 20,483 21,498 20,748 21,576 20,639 17,714 20,087 21,190 22,067 21,348 22,200 21,648 18,605 21,289 22,846 21,821 23,354 22,729 19,443 21,887 21,325 20,430 17,392 16,462 17,319 13,922 14,895 15,713 19,175 21,935 21,618 18,297 17,519 18,230 14,793 15,905 16,590 20,242 22,338 22,185 18,762 18,104 18,712 15,471 16.606 17,250 20,478 23.406 23,415 19,814 19,164 19,488 16,485 17,570 18,055 21,175 24,265 24,074 20,594 19,662 20,367 17,215 18,287 18,906 21,713 4,061,806 52,521 28,793 205,127 97,819 46,930 53,911 28,854 93,560 45,018 68,379 106,011 22,193 4,366,135 4,655,420 4,831,697 5,128,373 5,368,962 12,226 630,901 24,488 26,582 51,701 100,758 308,867 22,456 141,884 24,457 20,304 10,737 1,095,327 1,161,410 72,154 68,358 39,138 37,434 265,764 285,300 125,642 133.345 62,043 65,064 68,167 71,593 36,827 39,362 122,117 129,889 58,410 61,645 88,816 93,993 133,534 140,421 28,215 29,503 19,071 15,972 17,546 16,644 16,438 15,647 21,747 7 12 6 Census Divisions New England Middle Atlantic East North Central , West North Central South Atlantic East South Central West South Central Mountain Pacific 265,334 717,743 680,125 269,192 686,308 196,685 370,985 195,669 679,766 281,095 767,664 728,259 289,663 744,846 210,725 395,550 212,091 736,242 289,961 813,628 769,910 797,691 224,970 425,755 227,536 796.077 294,889 837.899 795,386 322,043 831,486 237,478 450,582 241,862 820,073 308,867 888.003 846,445 343,429 878,746 256,045 484,247 259,625 862,965 " Revised. p Preliminary. 1. The personal income level shown for the United States is derived as the sum of the State estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad tern- 321,025 917,803 885,877 354,972 931,550 270,574 511,732 279,346 896,084 20,276 19,137 16,299 15,351 16,215 13,018 14,016 14,706 18,140 porarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. 3. Per capita personal income was computed using midyear population estimates of the Bureau of the Census Estimates for 1990-93 reflect State population estimates available as of February 1994. April 1994 SURVEY OF CURRENT BUSINESS Table 4.—Total and Per Capita Disposable Personal Income for States and Regions, 1988-93 Per capita 2 Total Percent change' Millions of Dollars Area name 1990' 1991" 1992' 1993' 1992-93 United States ... 3,535,222 3,774,071 4,033,622 4,212,193 4,484,138 4,687,969 14,457 228,223 64,491 16,254 106,361 18,643 14,952 7,521 241,080 68,494 17,678 111,294 19,659 15,751 8,204 248,890 71,062 18,546 113,899 20,144 16,645 8,594 254,494 72,320 19,088 116,471 20,835 16,932 8,848 265,943 75,393 20,098 121,365 21,919 17,729 9,439 276,066 77,920 20,944 126,168 22,819 18,384 9,830 17,440 19,707 13,500 17,784 17,219 15,004 13,678 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 709,892 9,460 11,268 78,078 143,517 296,749 170,819 756,872 10,298 11,906 83,823 153,535 313,206 184,104 806,967 11,069 12,263 89,726 161,396 337,229 195,284 837,899 11,703 12,920 92,664 165,718 350,419 204,475 12,217 13,689 97,734 176,849 371,430 216,049 918,816 12.867 14,227 102.041 184.012 381,186 224,484 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 593,024 175,009 71,966 132,438 148,972 64,639 629,888 187,719 76,887 139,905 156,510 68,866 667,483 199,341 81,308 147,448 165,624 73,762 692,397 206,125 84,616 152,737 172,106 76,814 740,115 220,325 91,256 161,837 184,038 82,659 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 235,716 34,826 33,990 60,875 69,564 21,281 6,995 8,185 251,241 37,583 34,920 66,033 73,393 22,487 7,884 8,941 269,410 40,351 37,855 70,134 78,166 24,247 8,819 9,837 280,868 41,275 39,788 72,641 82,527 25,365 8,881 10,391 300,373 44,510 42,809 78,267 87,074 26,863 9,766 11,085 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 749,616 46,931 25,717 179,594 85,735 41,327 48,852 26,475 81,858 40,040 61,866 91,031 20,190 804,746 49,870 27,362 200,008 90,561 44,215 50,815 27,902 87,117 42,084 65,749 864,179 53,564 28,816 215,305 96,897 47,621 53.686 29,597 94,761 46,645 70,020 104,895 22,372 910,586 56,677 30,617 226,123 102,747 50,254 57,222 31,418 99,469 48,978 74,190 109,201 23,690 971,933 33,473 236,372 110.377 54,309 61,226 33,837 107.389 52,124 80,628 115,898 25,409 64,193 34,971 263,237 116,701 56,871 64,204 36,025 114,049 54,900 85,175 121,780 26.487 Southwest Arizona New Mexico Oklahoma Texas 319,949 46,885 16,595 37,582 218,888 341,586 49,623 18,019 39,537 234,406 365,875 52,753 19,238 41,832 252,052 388,137 54,855 20,463 43,615 269,204 418,382 58,683 21,921 46,592 291,186 92,747 47,560 11,457 9,126 18,625 5,979 99,271 50,573 12,804 9,858 19,836 6,200 105,753 53,617 13,998 10,263 21,024 6,852 113,357 57,394 14,801 11,047 22,692 7,422 606,054 8,780 459,231 16,239 16,701 36,064 69,039 649,387 9,467 488,570 17,600 19,111 38,932 75,707 705,064 734,456 10,836 546,875 20,847 23,132 44,448 88,318 Rocky Mountain Colorado Idaho Montana Utah Wyoming Far West Alaska California Hawaii Nevada Oregon Washington 10,149 528,976 19,691 21,434 42,044 82,770 1990' 1988' New England Connecticut Maine Massachusetts New Hampshire .... Rhode Island Vermont 20,895 Rank in U.S. Dollars 15,291 1991' 1992' 1993' 1988 1993 16,173 16,706 17,580 18,177 18,828 21,604 15,064 18,926 18,120 16,570 15,225 20,153 20,867 20,860 14,490 18,501 17,799 15,741 14,711 19,278 21.979 15,442 19,427 18.810 16,870 15.584 22,992 16,256 20.252 19,656 17,706 16,521 23.776 16,898 20,985 20,278 18,384 17,076 1 29 3 7 17 28 16,341 14,605 17,871 16,760 18,606 16.538 14,418 17,365 15.643 19,075 17,732 19,872 17,417 15,515 18,463 16,545 20,312 18,700 20.852 18,733 16,417 19,083 17.190 21,743 19,053 21,319 19,417 17,113 20,127 17,682 23,391 19,876 22,614 20.510 18,011 20,709 18,374 24,595 20,552 23,354 20,948 18,632 5 2 4 14 772,637 229,825 96,113 169,518 190,551 86,630 14,212 15.363 13,102 14,365 13,794 13,402 15,043 16,452 13,919 15,119 14,453 14.180 15,863 17.412 14,636 15,837 15,247 15,047 16,333 17,886 15,092 1632 15,732 15,529 17,325 18,972 16,128 17,155 16,698 16,556 17,961 19,648 16,824 17,886 17,180 17.196 10 31 20 25 24 309,122 44,411 44,629 80,894 89,803 27.990 9.961 11,433 13,442 12,578 13,804 14,168 13,687 13.540 10.672 11,721 14,279 13,565 14,121 15,222 14,403 14.278 12.198 12.834 15,231 14,516 15,258 15,990 15.246 15.340 13,837 14.120 15,790 14,794 15,976 16,413 16,004 15.950 14.023 14.809 16,762 15,880 17,019 17.516 16.775 16.784 15,403 15,648 17,122 15,782 17,635 17,907 17,158 17,416 15,688 15.981 38 21 19 26 23 39 35 12,896 11,662 10,976 14,591 13,572 11,229 10,259 12,629 11,733 12,827 15,077 11,030 13,702 12,374 11,662 15,826 14,126 12,024 11,948 10,839 13,269 12,174 13,544 16,040 11,566 14,532 13.227 12.236 16.535 14.891 12.901 12.728 11.491 14,243 13.327 14,315 16,886 12,479 15,110 13.857 12,914 17,036 15,502 13,528 13,483 12,120 14,739 13,756 14,981 17,366 13,167 15,906 14,717 13,981 17,532 16,296 14.468 14.309 12.939 15,709 14,467 16,045 18,125 14,047 16,608 15,332 14,424 18.513 16.871 15,010 14.947 13,631 16,421 15,071 16,705 18,762 14,552 40 48 16 30 44 45 50 34 42 33 13 47 443,546 62,666 23,580 48,666 308,635 12,868 13,261 11,133 11,865 13,131 13,618 13,700 11,982 12,550 13,947 14,408 14,338 12,658 13,291 14,785 15,037 14,645 13,224 13,768 15,514 15,907 15,312 13,858 14,536 16,467 16,541 15,921 14,587 15.060 17,116 43 27 121,916 61,875 16,048 11,663 24,557 7,772 131,069 66,425 17,557 12,699 26,157 8,231 12,875 14,577 11,622 11,403 11,023 12,854 13,723 15.438 12,876 12,329 11,628 13,526 14,492 16,231 13,836 12,834 12,158 15,114 15,237 17,032 14,262 13,681 12,844 16,208 15,981 17,859 15,056 14,183 13,558 16,724 16,730 18,628 15,974 15,128 14,066 17,504 15 36 41 49 22 777,507 11,545 574,751 21,934 25,254 47,556 96,467 808,120 12,166 592,902 23,476 27,474 50,726 101,376 15,722 16.198 16,131 15,036 15,533 13,154 14,877 16,426 17,303 16,721 16,079 16,802 13,951 15,951 17,389 18,354 17,690 17,693 17.584 14,711 16.890 17,769 19,054 17,985 18,368 17.960 15,229 17,607 18,473 19,642 18,603 18,978 18,897 16,004 18.758 18,944 20,306 18.997 20.038 19,781 16.731 19,290 32 11 18,289 17,321 15,043 14,279 14,994 12,403 13,259 13,782 16,415 18,828 18.437 15,863 15,231 15,859 13,204 14,061 14,522 17,383 19,278 19,080 16,333 15,790 16,372 13,847 14,766 15,107 17,763 20,153 20,154 17,325 16,762 17,103 14,787 15,692 15,840 18,459 20,867 20,713 17,961 17,122 17,847 15.414 16,313 16,567 18,916 Census Divisions New England Middle Atlantic East North Central West North Central .... South Atlantic East South Central West South Central .... Mountain Pacific r Revised. p Preliminary. 1. Percent change was calculated from unrounded data. 228,223 611,085 593,024 235,716 597,254 176,599 331,039 172,928 589,353 241,080 650,845 629,888 251,241 644,859 187,736 352,121 186,024 630,277 248,890 693,909 667.483 269,410 693.933 200,802 376.386 199,179 683.630 254,494 720,612 280,868 727,494 212,540 400,658 211,807 711.324 265,943 764,328 740,115 300,373 771,209 229,665 432,477 227,774 752,253 276,066 789,681 772,637 309,122 816,289 242,264 456,476 244,789 780,646 17,440 16,294 14,212 13,442 14,111 11,688 12,506 12,997 15,728 2. Per capita disposable personal income was computed using midyear population estimates of the Bureau of the Census. Estimates for 1990-93 reflect State population estimates available as of February 1994. 126 • April 1994 SURVEY OF CURRENT BUSINESS Table 5.—Percent Change in Earnings for Selected Industries, 1992-93 ] Earnings 2 Area name Total personal income Total Nonfarm Mining Construction Manufacturing Transportation, public utilities Wholesale and retail trade Finance, insurance, and real Services Government Other Federal, civilian Military State and locai United States ... 4.7 4.4 4.5 7.4 .8 4.4 4.4 1.6 7.3 5.6 4.1 New England Connecticut Maine Massachusetts New Hampshire .... Rhode Island Vermont 3.9 3.5 4.3 4.1 4.3 3.9 4.4 3.9 2.5 4.1 4.6 4.4 4.2 4.1 3.9 2.4 3.8 4.6 4.5 4.2 5.2 6.2 .3 21.9 7.6 5.9 4.7 17.4 11.4 6.9 5.7 16.9 10.8 6.5 9.4 -1.6 -2.4 .1 -1.5 -2.6 4.3 6.6 3.7 3.0 2.8 6.6 6.0 3.0 .3 5.2 3.1 7.5 3.1 5.6 .4 -1.4 4.9 1.5 -1.8 1.6 3.0 7.6 6.9 8.1 7.9 7.7 7.3 9.2 2.7 8.8 1.9 -.3 5.8 2.1 2.8 2.6 1.9 -3.0 3.6 5.9 5.3 2.3 -2.2 -2.2 1.7 -5.4 -.4 -.3 -1.3 5.8 5.4 .9 6.8 8.5 5.3 3.6 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 3.5 5.1 4.3 4.3 4.1 2.7 3.9 2.9 4.6 5.1 3.8 4.2 1.6 3.5 3.0 4.3 5.1 3.8 4.2 1.7 3.6 -2.1 -.8 3.3 3.5 6.2 7.4 -5.5 5.0 8.8 -4.7 4.0 8.3 4.1 4.6 -1.2 .3 1.1 -.7 -1.6 -3.0 4.2 3.4 0 3.5 9.1 1.6 4.7 2.8 4.2 -2.8 1.7 3.4 2.3 3.6 -3.2 7.4 -3.1 3.0 .9 -5.8 6.4 5.5 5.3 6.9 6.6 6.3 6.4 11.4 8.0 62.9 9.7 7.6 6.0 4.1 5.2 6.9 7.7 4.9 3.1 2.9 4.3 .7 2.2 2.6 2.0 -3.1 3.8 -6.2 3.8 7.7 .3 2.3 5.8 3.5 3.5 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 4.7 4.5 5.6 4.9 4.1 5.0 4.7 4.2 5.5 5.7 3.7 5.2 4.8 4.3 5.4 5.3 4.2 5.6 -3.7 -11.3 -5.3 6.4 .7 8.4 7.9 5.2 8.1 9.6 10.6 7.0 3.1 1.7 3.8 6.0 1.5 2.6 4.6 5.5 4.3 3.8 3.3 5.6 4.3 3.2 6.2 4.5 4.2 5.7 2.8 1.2 4.2 2.5 4.2 5.5 6.9 6.8 7.8 7.0 6.0 8.2 5.3 5.1 4.7 6.2 3.1 8.6 3.7 2.1 6.5 4.0 3.0 6.9 -2.1 -2.7 1.2 -7.3 -.7 1.6 5.4 8.0 4.8 2.4 5.3 6.6 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 3.4 .6 4.5 3.9 3.5 4.4 2.7 3.7 3.0 -.8 42 3.6 3.5 4.3 1.9 3.5 4.9 5.0 4.2 5.4 4.3 5.2 5.8 7.8 3.6 3.5 .4 3.3 8.5 7.8 5.6 -5.7 7.2 4.5 5.7 6.2 7.8 13.7 12.7 8.9 1.6 3.2 .9 2.3 -.5 2.4 6.3 7.2 3.6 6.1 2.7 1.5 4.3 3.9 4.1 5.2 4.6 3.8 4.1 6.5 3.1 4.2 5.5 6.7 5.1 6.0 3.4 6.7 3.8 4.3 5.3 5.6 7.6 6.8 7.0 7.7 7.9 6.9 6.7 11.8 5.1 2.8 7.8 5.5 4.5 5.5 6.9 4.1 5.1 6.3 4.7 5.5 4.3 6.5 4.1 6.7 -1.9 .4 -.9 -1.5 -2.9 -10.0 4.4 3.5 6.2 5.8 6.1 6.7 6.0 6.5 4.4 7.8 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 6.0 5.6 4.6 7.4 6.1 4.9 5.0 6.9 6.4 5.5 5.8 5.2 4.6 5.9 5.3 4.0 7.0 6.7 4.6 4.4 7.7 6.5 5.4 6.0 5.1 3.9 6.1 5.3 4.2 7.1 6.8 5.1 4.6 7.8 6.5 5.6 6.4 5.4 4.2 -1.6 3.0 3.6 -.7 6.7 -2.4 3.8 4.8 7.9 11.6 5.0 -2.2 -13.8 10.9 5.2 3.6 12.5 11.6 9.9 4.1 18.6 13.7 9.6 12.9 10.7 16.8 2.3 2.3 3.1 -.6 2.8 3.6 1.1 3.3 3.3 3.6 3.1 -.1 1.1 5.2 6.1 2.4 6.2 6.4 5.1 2.8 3.8 4.6 4.8 6.6 4.1 3.7 6.2 7.0 4.9 6.4 7.2 5.6 4.7 7.0 5.8 8.3 6.2 4.5 4.6 5.1 4.0 6.5 4.3 2.9 9.9 3.9 4.1 6.0 4.6 6.1 7.8 4.7 9.0 7.9 5.8 9.5 10.6 7.4 7.2 15.3 10.0 8.8 8.0 8.2 9.5 7.2 8.1 8.5 8.5 8.6 2.9 6.5 5.7 5.8 6.4 6.4 5.9 4.9 3.8 1.5 1.7 4.7 3.5 2.6 3.8 3.6 6.8 .1 3.0 4.2 7.3 .1 3.3 -13.7 -2.6 2.0 -1.4 -11.0 12.0 1.7 -6.1 -2.0 3.4 7.5 6.4 5.4 10.1 7.1 3.4 7.9 7.0 8.1 5.3 8.6 6.4 6.2 Southwest Arizona New Mexico Oklahoma Texas 6.1 7.0 7.7 4.5 6.1 6.2 7.5 8.7 4.2 6.0 5.8 7.0 8.3 4.1 5.7 2.8 0 9.9 .4 2.9 8.0 14.4 20.5 9.2 5.9 2.6 3.9 5.7 2.7 2.3 5.2 6.3 4.9 3.7 5.3 6.2 7.5 8.4 3.0 6.2 4.5 6.8 8.4 3.0 3.9 8.1 9.1 9.6 7.6 7.9 5.7 5.8 10.9 6.3 5.3 4.0 4.3 5.7 .4 4.6 3.2 -.6 2.2 3.6 3.9 6.5 4.8 6.1 3.0 7.4 Rocky Mountain Colorado Idaho Montana Utah Wyoming 7.6 7.4 9.3 9.0 6.7 6.1 as 8.3 10.8 10.9 7.2 6.4 7.6 7.7 8.5 6.8 7.5 6.0 4.1 3.4 -2.3 2.1 2.3 7.3 17.3 22.1 12.8 4.7 17.5 7.1 3.0 1.0 7.8 3.5 3.6 3.3 6.7 6.5 6.7 4.8 8.9 4.3 7.9 8.3 9.5 6.2 7.6 4.6 10.6 10.9 8.4 6.5 11.5 12.8 9.4 9.3 9.6 9.8 9.7 7.1 9.6 11.0 9.0 7.1 11.5 4.2 3.8 5.7 6.3 3.6 -.8 8.0 3.3 3.2 8.3 8.4 -2.9 4.0 5.9 5.1 6.6 8.9 6.4 4.3 Far West Alaska California Hawaii Nevada 3on •hington 4.0 5.5 3.3 6.6 9.1 6.6 5.1 3.0 5.5 2.1 4.4 10.1 7.0 4.2 2.8 5.5 1.9 4.3 9.8 6.5 3.7 4.1 .7 5.5 2.4 4.5 12.4 -1.0 2.3 23.3 -.9 6.9 27.4 11.0 2.6 -3.3 -6.2 -3.7 -3.3 2.8 2.1 -3.7 2.7 4.5 2.2 -.8 8.2 4.8 3.9 2.7 6.4 1.6 5.0 5.5 6.6 5.3 3.2 10.4 2.0 8.7 11.5 9.7 4.6 5.9 7.3 5.3 5.2 10.2 8.7 6.9 2.5 3.8 3.7 -.2 6.6 7.2 -4.2 3.1 8.1 2.8 2.8 8.2 3.2 2.6 -.4 2.3 -1.7 3.1 3.8 4.0 2.6 6.7 8.2 7.5 7.2 .4 -3.8 2.8 5.1 4.4 6.1 4.0 9.4 3.0 7.6 6.4 6.9 7.6 8.8 8.7 7.6 9.5 5.7 2.7 5.7 5.3 5.1 11.5 5.9 5.8 8.3 2.4 2.6 3.4 3.7 5.1 5.4 2.5 3.6 4.5 3.0 -2.2 -.7 -2.1 -1.9 .8 2.4 .6 1.9 -.3 5.8 4.0 5.4 6.2 7.1 6.5 6.8 5.9 3.7 5.4 1.3 -1.8 .6 Census Divisions New England Middle Atlantic East North Central West North Central South Atlantic East South Central West South Central Mountain Pacific 3.9 3.4 4.7 3.4 6.0 5.7 5.7 7.6 3.8 3.9 2.7 4.7 3.0 5.9 5.7 5.5 8.5 2.8 3.9 2.8 4.8 4.9 6.0 6.0 5.3 7.8 2.6 1. Percent change was calculated from unrounded data. 2. Consists of wage and salary disbursements, other labor income, and proprietors' income. 6.2 -2.3 -3.7 3.6 -6.6 0 2.7 4.4 4.0 11.4 5.2 7.9 7.2 10.7 10.8 5.7 18.4 1.1 -1.6 -1.3 3.1 1.6 1.6 3.0 2.3 3.4 -3.3 4.3 4.4 4.6 3.6 5.0 5.7 4.6 6.6 2.5 3.0 3.0 4.3 4.6 5.6 6.4 5.6 7.6 2.6 April 1994 SURVEY OF CURRENT BUSINESS 127 Local Area Personal Income • Estimates for 1990-92 • Revisions to the Estimates for 1981-91 f HIS ARTICLE presents new estimates of perx sonal income and per capita personal income for local areas—that is, for counties and metropolitan areas—for 1992 and revised estimates for 1990-91. It also discusses the sources of the revisions to the local area estimates for 198191, and it describes the changes in the definitions of the county-based metropolitan areas that were issued by the Office of Management and Budget in June 1993. Table 1 presents estimates for the metropolitan areas. Table 2 presents estimates for counties and county equivalents. For Virginia, estimates are presented for the larger independent cities as well as for most counties; estimates for the smaller independent cities are combined with estimates for adjacent counties. Incorporation of new source data The local area estimates for 1981-91 have been revised to incorporate new source data that were not available in time to be used in the comprehensive revision to the estimates that was released in May 1993.1 These data are available either irregularly or less frequently than biennially and cannot be incorporated into the estimates without revising more than the 2 years of estimates that are normally revised each year. In addition, the 1990-91 estimates reflect the routine incorporation of the revisions to the State estimates that were released in October 1993 and of more current State and county source data.2 The introduction of the source data changed both the State and the local area estimates of personal income. The changes to the estimates for 1981-89 resulted from revisions to nonfarm proprietors' income, to some components of farm proprietors' income, and to the estimates of the residence adjustment. 1. See Wallace K. Bailey, "Comprehensive Revision of Local Area Personal Income Estimates, 1969-90," SURVEY OF CURRENT BUSINESS 73 (May 1993): 63-87. 2. The State estimates are presented in "State Personal Income, Revised Estimates for 1990-92," SURVEY 73 (September 1993): 70-85. Nonfarm proprietors' income.—The State and local area estimates of nonfarm proprietors' income for 1984-92 now reflect the incorporation of tabulations of data from the 1987-89 Federal income tax returns of sole proprietors and partnerships; previously, the most current of these data available to BEA were for 1983. The estimates for 1987-89 are based directly on the data for those years, and the estimates for 1984-86 are based on interpolations between the data for 1983 and 1987. The 1990 estimates are extrapolations of the 1989 estimates for each Standard Industrial Classification two-digit industry by the change in the number of small firms reported in the Census Bureau's County Business Patterns. In the absence of pertinent county data after 1990, the 1991-92 State estimates are allocated to counties in proportion to the 1990 estimates. Farm proprietors' income.—The local area estimates of farm proprietors' income for 1983-92 now reflect the full use of data from the 1987 Census of Agriculture; previously, the estimates of important categories of both gross receipts and production expenses were based on data from the 1982 census. The 1987 county estimates of gross receipts from "other" farm-related activities (that is, other than crop and livestock production) and of a miscellaneous category of production expenses that includes interest and property taxes are based on the 1987 census data, and the 198386 estimates are based on interpolations between the 1982 and 1987 census data. In the absence of pertinent county data after 1987, the 1988-92 State estimates of these categories are allocated to counties in proportion to the 1987 estimates. For 1982-92, both the State and the local area estimates of farm proprietors' income now reflect new State estimates of selected farm production expenses prepared by the Department of Agriculture. Adjustment for residence.—The State and local area estimates of this adjustment—the net inflow of the earnings of interstate or intercounty 128 • April 1994 SURVEY OF CURRENT BUSINESS commuters—for 1981-92 now reflect the incorporation of journey-to-work data from the 1990 Census of Population; previously, the most current journey-to-work data used for the estimates were those from the 1980 Census. The estimates for 1990 reflect the incorporation of the journey-to-work data from the 1990 census, and the estimates for 1981-89 reflect interpolations between the data from the 1980 and 1990 censuses. The 1990 estimates are extrapolated to 1991-92 by (1) the BEA estimates of wages and salaries by place of work, (2) Internal Revenue Service tabulations of wages and salaries by place of residence, which are only available through 1991, and (3) Census Bureau population estimates. Changes in the definitions of metropolitan areas The metropolitan area definitions used by BEA for its personal income estimates are the countybased definitions issued by the Office of Management and Budget for Federal statistical purposes. These areas consist of 58 primary metropolitan statistical areas (PMSA'S), 240 metropolitan statistical areas (MSA'S), and 12 New England county metropolitan areas (NECMA'S).3 The PMSA'S and one NECMA are grouped into 17 consolidated metropolitan statistical areas (CMSA'S). The estimates presented here reflect the changes in the metropolitan area definitions issued in June 1993. The following changes were particularly significant: The division of the former New York-Newark, NY-NJ-PA PMSA into seven PMSA'S and Pike County, Pennsylvania; the addition of Pike County to the former Orange County, NY PMSA, which is now called the Newburgh, NY-PA PMSA; the addition of a formerly nonmetropolitan county to each of five MSA'S; and the recognition of the Jackson, TN MSA.4 Tables 1 and 2 follow beginning on page 130. 51 3. For the New England region, BEA uses a county-based definition rather than a definition in terms of cities and towns, because the available data for cities and towns are insufficient. A list of the metropolitan areas and their definitions (Accession Number PB 93-505-824) is available from the National Technical Information Service (NTIS). The list in electronic form (Wordperfect 5.1, Accession Number PB 93-505-816) is also available through NTIS . Write to NTIS, Document Sales, 5205 Port Royal Road, Springfield, VA 22161, or call (703) 487-4650. 4. The PMSA'S into which the former New York-Newark PMSA was divided are Bergen-Passaic, NJ; Jersey City, NJ; Middlesex-Somerset-Hunterdon, NJ; Monmouth-Ocean, NJ; Nassau-Suffolk, NY; New York, NY; and Newark, NJ. The MSA'S to which counties were added are Augusta-Aiken, GA-SC; Baton Rouge, LA; Chattanooga, TN-GA; Huntington-Ashland, WV-KY-OH; and Wilmington, NC. Acknowledgments The revised estimates of local area personal income were prepared by the Regional Economic Measurement Division under the direction of Linnea Hazen, Chief. The preparation of the estimates was a divisionwide effort. Estimates of nonfarm labor earnings (wages and salaries and other labor income) were prepared by the Regional Wage Branch under the supervision of Sharon C. Carnevale, Chief. Major responsibilities were assigned to Elizabeth P. Cologer, Lisa C. Ninomiya, Michael G. Pilot, John A. Rusinko, and James M. Scott. Contributing staff members were E. Frances Bake, Christopher T. Berry, Susan P. Den Herder, Elizabeth A. Freeman, Lela S. Lester, Russell C. Lusher, Richard A. Lutyk, Paul K. Medzerian, Michael Phillips, Adrienne T. Pilot, William E. Reid, Jr., Dolores A. Rynn, Victor A. Sahadachny, Eugene L. Souder, Darken K. Won, and Jaime Zenzano. Estimates of farm earnings (wages and salaries, other labor income, and proprietors' income) and the residence adjustments were prepared by the Quarterly Income Branch under the supervision of Robert L. Brown, Assistant Division Chief. Major responsibilities were assigned to James M. Zavrel. Contributing staff members were Elaine M. Briccetti, Daniel R. Corrin, Richard H. Grayson, Michael S. Wagner, and Daniel Zabronsky. Estimates of nonfarm proprietors' income, dividends, interest, rent, transfer payments, and personal contributions for social insurance were prepared by the Proprietors' Income Branch under the supervision of Bruce Levine, Chief. Major responsibilities were assigned to Charles A. Jolley. Contributing staff members were Sean P. Collier, Catherine A. Cumberland, Toan A. Ly, Ellen M. Wright, and Marianne A. Ziver. The assembly of public use tabulations and data files and the preparation of the text and tables for this article were performed by the Regional Economic Information System Branch. Major responsibilities were assigned to Kathy A. Albetski, Wallace K. Bailey, and Gary V. Kennedy. Contributing staff members were H. Steven Dolan, Jeffrey L. Newman, Michael J. Paris, Albert Silverman, Callan S. Swenson, Hilda G. Tolson, Monique B. Tyes, and Mary C. Williams. April 1994 SURVEY OF CURRENT BUSINESS • 129 Data Availability Personal income by type of payment and earnings by Standard Industrial Classification (sic) division, as shown in table A, are available for metropolitan areas and counties for 1969-92. A version of this table that includes earnings by sic two-digit industry is also available. In addition, there are supplemental tables for employment by sic division (the "one-digit" level), for transfer payments by program, and for major categories of farm income and expenses. The entire set of these tables for all counties and metropolitan areas and for all years will be available on a CD-ROM by the end of May. This CD-ROM will also contain quarterly State estimates of personal income for 1969-93, gross state product estimates for 197790, projections of State and metropolitan area personal income and employment to 2040 that have been updated to reflect the June 1993 changes in the metropolitan area definitions, and a description of the sources and methods used to estimate local area personal income. The CD-ROM is designed for use with microcomputers equipped with the MS-DOS operating system and will include a program to help users select, display, print, and copy the tables. The price is $35.00. These tables are also available on magnetic tapes, computer printouts, and microcomputer diskettes. Each table for all years of data for all the metropolitan areas or for all the counties is available on a single reel of magnetic tape, but the table that includes earnings by sic two-digit industry requires two reels at standard blocksize; the price of each reel of magnetic tape is $100. The tables on computer printouts are priced by the number of pages; the minimum charge is $10. The tables on diskette are priced at $20 per diskette. Materials available without charge include a sample packet of all available tables, a list of the State agencies and university research bureaus from which the BEA State and local area estimates can be obtained, and the description of sources and methods used to prepare the local area estimates. For information on ordering these products, write to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, or call (202) 606-5360. Visa or Mastercard are accepted for telephone orders. Table A.—Example of Available Data for Local Areas: Personal Income by Major Source and Earnings by Major Industry, 1987-92 1 [Thousands of dollars] New London County, Connecticut 1990 1987 1991 1992 Income by Place of Residence Total personal income Nonfarm personal income . Farm income2 Population (thousands)3 Per capita personal income (dollars) Derivation of total personal income: Total earnings by place of work Less: Personal cont. for sxial insur.4 ... Plus: Adjustment for residence5 Equals: Net earn, by place of residence Plus: Dividends, interest, and rent 6 Plus: Transfer payments 4,432,832 4,391,411 41,421 4,649,645 47,082 5,001,642 4,953,590 48,052 5,129,498 5,071,027 251.0 17,664 254.3 18,472 3,352,266 203,584 23,813 3,172,495 728,088 532,249 2,809,178 256,365 286,723 30,829 58,471 5,286,014 5,227,635 58,379 5,567,535 5,505,135 62,400 254.9 19,625 255.2 20,102 254.0 20,809 248.2 22,427 3,557,432 221,909 47,913 3,383,436 753,194 560,097 3,742,284 238,690 3,797,899 41,932 3,545,526 836,872 619,244 3,908,352 259,895 42,070 4,093,050 246,894 55,888 3,606,893 821,127 701,478 3,690,527 813,831 781,656 2,962,737 277,716 316,979 35,200 281,779 3,122,063 306,191 314,030 35,595 278,435 3,169,878 316,737 311,284 42,317 268,967 3,255,450 342,460 310,442 42,424 268,018 3,389,483 367,214 336,353 45,747 47,082 3,510,350 2,717,472 13,303 2,870 252,605 1,041,641 270,198 771,443 177,038 87,800 372,678 105,704 663,833 792,878 140,846 48,052 3,694,232 2,851,514 11,880 3,032 249,006 58,471 58,379 3,739,428 3,849,973 2,902,963 14,695 62,400 4,030,650 3,092,469 4,696,727 269,416 37,331 3,860,965 805,160 901,410 Earnings by Place of Work Earnings by type: Wages and salaries ., Other labor income ... Proprietors' income7 , Farm Nonfarm Earnings by industry: Farm Nonfarm Private Ag. serv., for., fish., and other8 Mining Construction Manufacturing Nondurable goods Durable goods Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services Government and government enterprises . Federal, civilian Military State and local 1. 1987 based on 1972 SIC. 1988-92 based on 1987 SIC. 2. Farm income consists of proprietors' net farm income, the wages of hired labor, the payin-kind of hired farm labor, and the salaries of officers of corporate farms. 3. Census Bureau midyear population estimates. Estimates for 1990-92 reflect State and county estimates available as of February 1994. 4. Personal contributions for social insurance are included in earnings by type and industry but excluded from personal income. 5. U.S. adjustment for residence consists of adjustments for border workers: Income of U.S. 255,894 41,421 3,310,845 2,563,059 12,368 2,333 221,444 1,080,152 262,218 817,934 169,799 80,133 339,406 84,716 572,708 747,786 132,857 298,028 316,901 296,219 355,813 1,092,398 2,831,824 13,437 4,236 182,679 1,108,053 801,063 329,023 816,247 194,389 207,956 289,288 803,110 194,913 306,990 94,770 377,057 87,259 360,025 106,697 104,553 723,905 842,718 144,193 298,470 400,055 4,681 162,562 1,145,270 775,049 907,604 158,604 322,619 426,381 348,428 110,261 820,122 947,010 156,766 325,580 464,664 290,606 14,799 7,480 203,491 1,099,736 358,943 740,793 205,725 95,278 358,137 117,911 989,912 938,181 164,845 292,876 480,460 residents commuting outside U.S. borders to work less income of foreign residents commuting inside U.S. borders to work plus certain Caribbean seasonal workers. 6. Includes the capital consumption adjustment for rental income of persons. 7. Includes the inventory valuation and capital consumption adjustments. 8. "Other" consists of wages and salaries of U.S. residents employed by international organizations and foreign embassies and consulates in the U.S. D Not shown to avoid disclosure of confidential information. Estimates are included in totals. L Less than $50,000. Estimates are included in totals. April 1994 SURVEY OF CURRENT BUSINESS Table 1.—Total Personal Income and Per Capita Personal Income by Metropolitan Area, 1990-92 Per capita personal income3 Total personal income Millions of dollars Area name Percent change2 1991 991-92 1990 United States l Metropolitan portion Nonmetropolitan portion 1992 ,655,420 ,831,697 >,128,373 ,928,153 ,073,607 4,318,618 727,267 758,090 809,755 6.1 6.0 6.8 Rank in U.S. Dollars 1990 1991 1992 178,641 33,873 55,519 80,619 40,913 104,758 73,025 184,540 35,189 57,388 85,095 43,822 106,805 78,812 196,063 37,562 60,580 91,422 47,203 112,702 84,663 21,635 18,588 19,397 19,868 20,600 20,175 19,452 301,614 62,388 31,851 306,300 63,975 33,058 318,442 64,453 35,218 491,234 502,459 533,759 25,229 25,760 27,259 126,512 33,612 28,820 130,654 35,527 30,107 137,832 38,081 31,777 21,443 22,056 23,210 18,614 19,148 20,076 19,271 19,550 20,326 155,119 63,334 158,704 67,616 166,781 73,562 24,755 25,057 26,019 21,161 22,123 23,492 159,226 165,232 173,591 23,593 24,173 25,087 Abilene, TX Akron, OH* Albany, GA Albany-Schenectady-Troy, NY Albuquerque, NM Alexandria, LA Allentown-Bethlehem-Easton, PA .... Altoona, PA Amarillo, TX Anchorage, AK 1,871 11,658 1,597 16,829 9,626 1,838 11,236 1,925 3,041 5,489 1,947 12,025 1,709 17,378 10,235 1,900 11,669 2,005 3,212 5,824 2,081 12,756 1,782 18,297 10,945 1,983 12,460 2,151 3,482 6,166 6.9 6.1 4.2 5.3 6.9 4.4 6.8 7.3 8.4 5.9 15,658 17,702 14,190 19,501 16,274 13,969 18,839 14,741 16,222 24,119 16,438 18,106 15,063 20,017 16,990 14,420 19,387 15,292 16,976 24,791 Ann Arbor, Ml* Anniston, AL Appleton-Oshkosh-Neenah, Wl Asheville, NC Athens, GA Atlanta, GA Atlantic-Cape May, NJ* Augusta-Aiken, GA-SC Austin-San Marcos, TX Bakersfield, CA Baltimore, MD* Bangor, ME (NECMA) Barnstable-Yarmouth, MA (NECMA) Baton Rouge, LA Beaumont-Port Arthur, TX Bellingham, WA Benton Harbor, Ml Bergen-Passaic, NJ* Billings, MT Biloxi-Gulfport-Pascagoula, MS Binghamton, NY Birmingham, AL Bismarck, ND Bloomington, IN Bloomington-Normal, IL Boise City, ID Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA) Boulder-Lonqmont, CO* Brazoria, TX* Bremerton, WA* Brownsville-Harlingen-San Benito, TX Bryan-College Station, TX Buffalo-Niagra Falls, NY Burlington, VT (NECMA) Canton-Massillon, OH Casper, WY Cedar Rapids, IA Champaign-Urbana, IL Charleston-North Charleston, SC Charleston, WV 10,064 1,577 5,522 3,199 1,910 60,882 7,229 6,906 14,511 8,592 10,313 1,671 5,802 3,351 1,992 63,623 7,265 7,256 15,470 8,918 10,919 1,764 6,264 3,610 2,104 5.9 5.6 8.0 7.7 5.6 7.9 6.5 6.5 9.3 4.4 20,453 13,570 17,474 16,622 15,063 20,439 22,556 16,528 17,059 15,682 50,776 2,305 4,155 8,438 5,742 2,157 2,579 36,035 1,907 4,155 54,545 2,498 4,459 9,742 6,653 2,508 2,836 38,360 2,185 4,776 4.2 5.4 7.4 6.2 5.7 7.0 8.1 21,253 15,678 22,203 15,938 15,893 16,724 15,985 28,181 16,803 13,301 4,639 14,8V 1,337 1,589 2,360 5,128 52,325 2,370 4,282 8,986 6,175 2,335 2,670 36,291 2,043 4,420 4,787 15,561 1,389 1,678 2,450 5,504 20,656 14,452 18,158 17,187 15,576 20,806 22,440 16,865 17,696 15,651 21,678 16,100 22,834 16,733 16,888 17,518 16,553 28,307 17,730 13,965 4,946 16,679 1,51: 1,804 2,675 6,067 3.3 7.2 8.9 7.5 9.2 102 17,533 17,594 15,935 14,54 18,21 17,204 128,494 4,776 3,243 3,324 130,808 5,177 3,464 3,635 136,695 5,60" 3,604 3,945 4.5 8.2 4.0 8.5 2,512 1,522 21,277 3,359 6,530 1,193 3,192 2,835 7,844 4,31 2,680 1,61" 22,194 3,448 6,71 1,242 3,310 2,889 8,225 4,529 2,966 1,743 23,242 3,652 7,130 1,275 3,534 3,059 8,584 4,841 21,72/ 2,535 7,039 1,292 164,535 2,757 28,91 2,060 43,861 6,644 1,834 7,898 3,81 22,51 2,654 7,237 1,360 169,936 2,83 30,014 2,212 45,363 7.13C 1.96S 8,224 4,07' WV 23,312 20,140 20,959 21,692 22,592 21,484 21,367 Metropolitan Statistical Areas 4 Charlotte-Gastonia-Rock Hill, NC-SC Charlottesville, VA Chattanooga, TN-GA Cheyenne, WY Chicago, IL* Chico-Paradise, CA Cincinnati, OH-KY-IN* Clarksville-Hopkinsville, TN-KY Cleveland-Lorain-Elyria, OH * Colorado Springs, CO Columbia, MO Columbia, SC Columbus, GA-AL See footnotes at end of table. 18,051 18,303 16,409 15,265 18,607 17,801 17,263 19,056 15,461 20,976 17,758 15,186 20,545 16,384 18,172 25,077 21,630 15,158 19,338 18,283 16,316 21,849 23,720 17,414 18,770 15,836 22,412 17,063 23,592 17,831 17,989 18,184 17,566 29,710 18,506 14,744 18,606 19,428 17,575 16,239 20,049 18,982 203 118 286 60 177 288 71 247 161 16 49 290 106 155 252 43 24 194 131 277 37 215 25 174 170 160 185 4 141 294 138 102 184 259 88 123 22,589 21,129 16,837 17,318 23,094 22,359 17,402 18,145 24,109 23,513 17,681 18,717 21 26 179 132 10.8 7.7 4.7 5.9 6.2 2.6 6.8 5.9 4.4 6.9 9.59C 12,48' 17,88' 18,907 16,552 19,486 18,870 16,382 15,406 17,214 9,923 13,173 18,614 19,207 16,915 20,056 19,396 16,632 15,703 16,009 308 300 100 83 173 76 73 191 259 116 24,107 2,796 7,711 1,44 180,636 3,002 32,006 2,547 47,824 7,708 7.1 5.4 6.5 5.9 6.3 6.0 6.6 15.1 5.4 8.1 18,592 19,248 16,572 17,663 22,15^ 15,0218,904 12,091 19,904 16,724 18,876 19,906 16,906 18,432 22,692 15,169 19,427 13,066 20,51 17,650 2,105 8,71 4,354 6.9 6.0 6.9 10,649 13,923 19,467 20,150 17,855 20,377 20,443 17,459 16,239 19,119 19,884 20,796 17,895 19,093 23,89 15,935 20,517 14,295 21,533 18,300 18,004 18,47 16,11 7,739 7,725 16,913 9,306 16,269 17.165 17,339 17,699 14,594 15,624 Rank in U.S. Dollars 1990 1991 1992 1990 1991 1992 Columbus, OH Corpus Christi, TX Cumberland, MD-WV Dallas, TX* Danville, VA Davenport-Moline-Rock Island, IA-IL Dayton-Springfield, OH 20,663 20,679 21,162 19,458 19,611 19,477 19,787 20,398 21,614 22,154 19,080 19,955 20,543 21,591 20,460 20,419 Percent change2 Millions of dollars Area name 24,664 5,137 1,468 55,091 1,575 6,334 16,900 27,845 5,917 1,580 62,682 1,717 6,854 18,665 7.6 7.3 3.9 7.4 6.4 5.6 5.3 18,264 14,648 14,456 20,481 14,461 18,041 17,749 18,859 15,474 14,963 21,266 14,775 18,356 18,512 19,974 16,371 15,566 22,424 15,705 19,243 19,411 92 249 284 35 282 107 103 Daytona Beach, FL Decatur, AL Decatur, IL Denver, CO* Des Moines, IA Detroit, Ml* Dothan, AL Dover, DE Dubuque, IA Duluth-Superior, MN-Wl Dutchess County, NY* Eau Claire, Wl El Paso, TX Elkhart-Goshen, IN Elmira, NY Enid, OK Erie, PA Eugene-Springfield, OR Evansville-Henderson, IN-KY Fargo-Moorhead, ND-MN Fayetteville, NC Fayetteville-Springdale-Rogers, AR , Flint, Ml* Florence, AL Florence, SC Fort Collins-Loveland, CO Fort Lauderdale, FL* Fort Myers-Cape Coral, FL Fort Pierce-Port St. Lucie, FL Fort Smith, AR-OK Fort Walton Beach, FL Fort Wayne, IN Fort Worth-Arlington, TX* Fresno, CA Gadsden, AL Gainesville, FL Galveston-Texas City, TX* Gary, IN* Glens Falls, NY Goldsboro, NC Grand Forks, ND-MN Grand Rapids-Muskegon-Holland, Ml Great Falls, MT Greeley, CO* Green Bay, Wl Greensboro- Winston-Salem-High Point, NC Greenville, NC Greenville-Spartanburg-Anderson, SC Hagerstown, MD* Hamilton-Middletown, OH* Harrisburg-Lebanon-Carlisle, PA Hartford, CT (NECMA) Hickory-Morganton, NC Honolulu, HI Houma, LA Houston, TX* Huntington-Ashland, WV-KY-OH Huntsville, AL Indianapolis, IN Iowa City, IA 6,313 2,037 2,110 34,181 7,777 87,449 1,919 1,626 1,427 3,686 5,619 2,084 6,863 2,651 1,517 908 4,478 4,519 4,900 2,487 3,559 3,293 7,245 1,915 1,696 3,158 28,114 6,563 5,177 2,471 25,870 5,513 1,521 58,370 1,614 6,492 17,719 6,536 2,183 2,147 36,565 8,183 88,794 2,033 1,738 1,471 3,873 5,673 2,166 7,124 2,714 1,574 933 4,682 4,692 5,043 2,579 3,811 3,510 7,698 2,011 1,795 3,394 28,737 6,801 5,383 2,589 6,895 2,326 2,252 39,331 8,798 93,890 2,180 1,846 1,585 4,111 5,894 2,322 7,854 2,955 1,640 981 4,983 5,003 5,435 2,783 5.5 6.5 4.9 7.6 7.5 5.7 7.3 6.2 7.7 6.1 2,333 8,184 25,527 12,146 1,387 2,931 3,787 10,373 1,898 1,379 1,525 2,520 8,365 26,724 12,431 1,430 3,102 4,023 10,723 1,938 1,446 1,548 4,451 3,914 7,893 2,141 1,920 3,643 30,068 7,151 5,635 2,854 2,709 8,969 28,740 13,176 1,547 3,309 4,317 11,278 2,063 1,543 1,678 3.9 7.2 10.2 8.9 4.2 5.2 6.4 6.6 7.8 7.9 16.8 11.5 2.5 6.5 7.0 7.4 4.6 5.1 4.7 10.2 7.5 7.2 7.5 6.0 8.2 6.7 7.3 5.2 6.4 6.7 8.3 15,650 15,419 18,004 20,995 19,715 20,483 14,624 14,567 16,509 15,342 21,618 15,135 11,508 16,949 15,922 16,021 16,235 15,908 17,542 16,184 12,928 15,500 16,809 14,543 14,786 16,885 22,276 19,396 20,361 14,023 16,139 17,904 18,663 15,964 13,889 16,078 17,344 17,118 15,954 13,146 14,804 15,805 16,267 18,254 21,965 20,457 20,705 15,372 15,182 16,953 16,098 21,739 15,591 11,615 17,237 16,545 16,580 16,856 16,313 17,971 16,606 13,725 16,101 17,798 15,099 15,352 17,682 22,393 19,603 20,649 14,533 16,987 18,175 19,124 15,835 14,320 16,692 18,032 17,523 16,142 13,571 15,121 16,348 17,100 19,134 22,930 21,647 21,796 16,359 15,909 18,172 17,060 22,424 16,600 12,497 18,547 17,231 17,398 17,819 17,202 19,215 17,656 16,050 17,339 18,208 15,949 16,192 18,389 23,107 20,312 21,233 15,806 17,656 19,360 20,250 16,376 15,500 17,468 18,928 18,285 17,056 14,325 16,257 251 214 115 31 48 45 250 275 161 218 35 243 307 140 205 195 175 208 108 181 270 200 158 273 262 148 30 78 54 278 181 105 79 248 285 190 124 154 219 297 258 16,308 1,241 1,956 3,522 17,166 1,305 2,080 3,707 18,249 1,383 2,271 3,996 6.3 6.0 9.2 7.8 17,320 15,974 14,822 18,037 17,987 16,651 15,592 18,684 18,924 17,452 16,718 19,845 125 192 239 96 19,457 1,671 20,111 1,759 21,503 1,890 6.9 7.4 18,467 18,865 19,940 15,417 15,854 16,809 94 233 13,202 1,954 4,962 11,190 27,085 4,663 18,448 2,276 65,995 4,369 5,361 26,638 1,652 2,340 6,086 1,206 16,443 1,529 2,100 2,365 10,753 13,673 2,014 5,174 11,718 27,400 4,779 19,336 2,421 71,324 4,590 5,694 27,853 1,730 2,403 6,437 1,267 17,164 1,601 2,178 2,404 11,011 14,453 2,114 5,555 12,394 28,554 5,156 20,597 2,497 76,742 4,947 6,186 29,893 1,836 2,523 6,863 1,391 18,238 1,847 2,278 2,637 11,853 5.7 5.0 7.4 5.8 4.2 7.9 6.5 3.2 7.6 7.8 8.6 7.3 6.1 5.0 6.6 9.8 6.3 15.4 4.6 9.7 7.7 15,836 16,037 16,937 18,976 24,090 15,904 22,009 12,445 19,741 13,981 18,206 19,242 17,145 15,586 15,354 15,418 18,010 10,201 14,796 16,906 19,440 16,945 16,846 18,211 20,609 25,461 17,233 23,864 13,389 21,737 15,711 20,082 20,992 18,824 16,628 16,945 17,340 19,146 12,782 16,083 18,474 21,359 225 232 157 68 15 204 23 301 46 281 86 59 128 241 225 199 113 306 268 142 53 6,421 3,560 6,744 3,712 7,217 3,923 7.0 5.7 261 253 Joplin, MO Kalamazoo-Battle Creek, Ml Kankakee,IL* Kansas City, MO-KS Kenosha, Wl* Killeen-Temple, TX Knoxville, TN Kokomo, IN La Crosse, WI-MN Lafayette, LA 1,950 7,374 1,570 30,369 2,163 3,298 9,699 1,711 1,959 4,704 2,078 7,758 1,612 31,854 2,270 3,319 10,346 1,766 2,037 4,999 7.0 5.7 7.2 6.3 6.7 14.2 8.4 6.9 6.7 5.7 Lafayette, IN Lake Charles, LA Lakeland-Winter Haven, FL 2,494 2,409 6,229 2,608 2,626 6,472 2,223 8,200 1,728 33,871 2,421 3,792 11,211 1,887 2,173 5,283 2,805 2,768 6,816 14,699 15,313 16,232 14,763 15,398 16,291 14,435 15,283 16,165 17,137 17,918 18,793 16,257 16,525 17,471 19,133 19,876 20,948 16,805 17,242 18,071 12,897 13,225 14,878 16,498 17,272 18,364 17,618 18,026 19,141 16,793 17,411 18,417 13,630 14,300 14,954 7.6 5.4 5.3 15,428 15,979 17,015 14,322 15,438 16,137 15,292 15,676 16,268 221 264 256 1992 18,667 19,163 20,105 19,797 20,289 21,247 14,266 14,761 15,628 Consolidated Metropolitan Statistical Areas Chicago-Gary-Kenosha, IL-IN-WI Cincinnati-Hamilton, OH-KY-IN Cleveland-Akron, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Detroit-Ann Arbor-Flint, Ml Houston-Galveston-Brazoria, TX Los Angeles-Riverside-Orange County, CA Miami-Fort Lauderdale, FL Milwaukee-Racine, Wl New York-No. New Jersey-Long Island, NY-NJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD Portland-Salem, OR-WA Sacramento-Yolo, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA Washington-Baltimore, DC-MD-VA- Per capita personal income3 Total personal income 95 64 172 117 22 274 72 299 51 153 169 143 265 Jackson. Ml Jackson, MS Jackson, TN Jacksonville, FL Jacksonville, NC Jamestown, NY Janesville-Beloit, Wl Jersey City, NJ Johnson City-Kingsport-Bristol, TNVA Johnstown, PA 991-92 16,216 16,281 17,291 19,655 24,357 16,148 22,744 13,094 20,749 14,631 18,955 19,816 17,940 15,893 16,089 16,032 18,409 10.638 15,331 17,036 19,889 1992 263 130 189 61 167 293 151 114 145 292 April SURVEY OF CURRENT BUSINESS Table 1.—Total Personal Income and Per Capita Personal Income by Metropolitan Area, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 1992 1991-92 Rank in U.S. Dollars 1991 18,918 8,031 1,542 1,908 19,417 1,326 1,724 13.7 8.3 9.2 7.1 12.0 8,972 12,279 18,928 14,302 13,183 19,002 20,018 17,576 18.401 9,624 10,387 12,493 13,016 19,127 19,994 14,853 15,682 13,832 14,310 1,757 7,435 2,551 3,927 9,012 3,166 187,096 18,178 3,626 3,265 1,836 7,937 2,732 4,171 9,805 3,393 194,054 19,556 3,860 3,428 4.5 6.8 7.1 6.2 8.8 7.2 3.7 7.6 6.5 5.0 16,412 16,784 17,677 17,351 18,008 18,893 16,019 16,442 17,497 17,237 18,123 18,995 16,481 17,367 18,650 15,531 16,147 17,178 20,752 20,907 21,434 18,197 18,959 20,211 15,801 16,181 17,185 16,341 16,625 17,276 4,721 7,311 2,690 3,487 2,345 7,104 18,001 2,566 34,274 26,695 4,957 7,756 2,711 3,771 2,472 7,484 18,800 2,612 35,238 27,483 5,234 8,322 2,827 4,126 2,655 7,964 20,177 2,783 34,384 29,396 5.6 7.3 4.3 9.4 7.4 6.4 7.3 6.5 -2.4 7.0 16,187 16,800 17,528 19,837 20,698 21,883 15,458 15,500 16,109 9,008 9,386 9,802 15,920 16,410 17,230 17,621 18,019 18,715 17,821 18,405 19,517 14,266 14,057 14,717 17,629 17,807 17,124 26,106 26,617 28,082 Milwaukee-Waukesha, W l * Minneapolis-St. Paul, MN-WI Mobile, AL Modesto, CA Monmouth-Ocean, NJ Monroe, LA Montgomery, AL Muncie, IN Myrtle Beach, SC Naples, FL 28,581 29,617 54,579 56,693 7,316 2,316 4,377 31,604 60,958 7,833 6,615 25,040 2,200 5,444 2,112 2,443 4,486 6.7 7.5 7.1 5.8 6.5 7.0 6.7 7.0 5.5 2.5 19,927 21,421 14,135 16,130 23,154 13,655 16,465 15,741 15,182 27,300 Nashville, TN Nassau-Suffolk, NY* New Haven-Bridgeport-StamfordDanbury-Waterbury, CT* New London-Norwich, CT (NECMA) New Orleans, LA New York, NY* Newark, NJ* Newburgh, NY-PA* Norfolk-Virginia Beach-Newport News, VA-NC Oakland, CA* 18,127 69,738 19,219 70,774 21,049 73,825 9.5 4.3 18,333 19,144 20,569 26,736 26,992 27,961 90 146 309 305 91 283 298 180 127 188 121 136 210 52 82 209 202 187 42 266 310 206 133 99 295 211 6 44 29 278 236 17 289 171 186 271 9 70 7 45,370 5,129 21,038 210,790 48,727 6,174 45,830 5,286 22,256 216,605 50,182 6,376 48,531 5,568 23,562 231,232 53,526 6,779 5.9 5.3 5.9 6.8 6.7 6.3 27,790 20,102 16,382 24,661 25,434 18,300 28,070 20,809 17,227 25,362 26,188 18,609 29,777 22,427 18,087 27,039 27,830 19,463 3 34 165 10 8 101 24,258 48,767 25,475 49,501 27,056 52,327 6.2 5.7 16,735 17,412 23,333 23,387 18,077 24,359 2,855 3,887 15,701 2,946 11,851 58,721 21,645 1,318 1,909 2,245 3,003 4,178 16,333 3,207 12,533 58,993 22,628 1,398 2,057 2,355 3,198 4,370 17,356 3,496 13,288 61,252 24,262 1,486 2,204 2,515 6.5 4.6 6.3 9.0 6.0 3.8 7.2 6.4 7.1 6.8 14,500 14,799 15,375 17,235 18,189 18,692 16,355 16,834 17,645 18,076 18,925 19,801 18,476 19,297 20,242 24,292 24,113 24,651 17,465 17,734 18,596 15,103 15,908 16,736 14,988 15,787 16,445 15,044 15,761 16,736 5,174 6,179 105,962 5,458 6,263 109,572 40,237 1,121 45,437 2,693 5,115 41,676 1,150 5,886 6,574 115,670 44,319 1,227 47,864 2,835 5,166 50,956 2,904 5,420 29,292 30,949 33,193 7.8 5.0 5.6 6.3 6.6 6.5 2.4 4.9 7.3 14,972 15,481 16,287 18,183 18,317 19,193 21,511 22,188 23,397 17,916 18,244 19,018 13,136 13,476 14,386 18,969 19,946 21,175 19,335 20,567 21,226 20,993 21,116 22,178 19,192 19,716 20,681 166 20 287 134 183 97 80 19 139 237 245 237 254 110 27 120 296 57 55 40 66 17,372 17,656 18,488 Provo-Orem, UT Pueblo, CO Punta Gorda, FL Racine, WP Raieigh-Durham-Chapel Hill, NC Rapid City, SD Reading, PA Redding, CA Reno, NV Richland-Kennewick-Pasco, WA ...... 3,01 1,728 1,945 3,270 16,725 1,248 6,516 2,446 5,925 2,538 3,313 1,844 2,014 3,440 17,672 1,348 6,673 2,550 6,313 2,776 3,590 1,963 2,118 3,614 19,172 1,436 7,111 2,713 6,856 3,055 8.4 6.5 5.1 5.0 8.5 6.5 6.6 6.4 8.6 10.1 11,399 12,314 14,045 14,977 17,265 17,251 18,641 19,361 19,420 19,986 15,279 16,102 19,310 19,581 16,456 16,539 23,113 24,035 16,786 17,840 Richmond-Petersburg, VA Riverside-San Bernardino, CA* 18,535 44,485 18,952 45,760 19,985 48,048 5.5 5.0 21,314 21,517 16,910 16,703 1991 8,035 7,321 1,208 1,676 16,433 1,175 1,468 8,178 7,656 1,356 1,762 17,775 1,238 1,540 1,729 7,070 2,475 3,696 8,475 3,012 184,246 17,294 3,521 3,178 Macon, GA Madison, Wl Mansfield, OH McAllen-Edinburg-Mission, TX Medford-Ashland, OR Melbourne-Titusville-Palm Bay, FL .. Memphis, TN-AR-MS Merced, CA Miami, FL* Middlesex-Somerset-Hunterdon, NJ * Lewiston-Auburn, ME (NECMA) Lexington, KY Lima, OH Lincoln, NE Little Rock-North Little Rock, AR Longview-Marshall, TX Los Angeles-Long Beach, CA* Louisville, KY-IN Lubbock, TX Lynchburg, VA Ocala, FL Odessa-Midland, TX Oklahoma City, OK Olympia, WA* Omaha, NE-IA Orange County, CA* Orlando, FL Owensboro, KY Panama City, FL Parkersburg-Marietta, WV-OH Pensacola, FL Peoria-Pekin, IL Philadelphia, PA-NJ* Phoenix-Mesa, AZ Pine Bluff, AR Pittsburgh, PA Pittsfieid, MA (NECMA) Portland, ME (NECMA) Portland-Vancouver, OR-WA4 Providence-Warwick-Pawtucket, Rl (NECMA) 6,759 6,054 22,892 1,941 4,829 1,883 2,200 4,209 6,250 23,522 2,055 5,103 1,974 18,942 20,526 21,955 15,054 16,179 23,640 14,368 17,126 16,485 15,524 27,327 1992 21,797 23,284 15,806 16,738 24,935 15,181 17,931 17,543 16,040 27,232 19,273 20,214 13,052 15,863 17,761 20,131 21,086 16,896 20,723 17,212 25,529 18,989 22,303 17,021 81 304 276 176 84 58 228 65 207 14 122 38 220 1. The personal income level shown for the United States is derived as the sum of the county estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. Area name 1992 1990 6.3 4.9 Lancaster, PA Lansing-East Lansing, Ml Laredo, TX Las Cruces, NM Las Vegas, NV-AZ Lawrence, KS Lawton, OK Per capita personal income3 Total personal income Percent change2 Millions of dollars 1990 1991 1992 1992 1990 1991 1992 Rocky Mount, NC Sacramento, CA* Saginaw-Bay City-Midland, Ml . St. Cloud, MN 4,299 2,131 21,245 5,998 2,018 26,251 6,824 2,156 4,394 2,250 21,982 6,098 2,124 27,436 7,075 2,263 4,675 2,386 22,941 6,473 2,224 28,936 7,431 2,442 6.4 6.1 4.4 6.2 4.7 5.5 5.0 7.9 19,117 19,400! 20,661 19,923 20,617 21,595 19,960 20,504: 21,217 18,145 19,055 15,100 15,734 16,262 19,394 19,654 20,398 17,068 17,642 18,461 14,421 14,963 15,991 St. Joseph, MO St. Louis, MO-IL Salem, OR* Salinas, CA Salt Lake City-Ogden, UT San Angelo, TX San Antonio, TX San Diego, CA San Francisco, CA* San Jose, CA* 1,522 50,212 4,320 6,970 16,429 1,513 20,691 49,587 47,572 36,770 1,589 52,158 4,578 7,197 17,598 1,582 21,940 50,820 48,594 37,830 1,651 54,652 4,889 7,485 19,025 1,684 23,825 53,019 50,835 39,626 3.9 4.8 6.8 4.0 8.1 6.5 8.6 4.3 4.6 4.7 15,569 16,273 16,854 20,112 20,793 21,700 15,457 16,026 16,749 19,515 19,847 20,322 15,262 15,992 16,865 15,401 16,151 16,993 15,583 16,264 17,282 19,731 19,875 20,384 29,672 30,115 31,262 24,550 25,038 25,924 67 50 56 119 257 74 144 272 231 47 235 77 230 223 201 75 1 12 3,716 3,814 3,993 4.7 17,036 17,413 18,105 163 8,259 4,889 2,276 8,435 11,443 4,404 10,633 47,025 1,827 8,485 5,011 2,405 8,775 11,825 4,558 11,040 50,269 1,911 8,775 5,263 2,577 9,188 12,372 4,872 11,752 54,743 2,029 3.4 5.0 7.2 4.7 4.6 6.9 6.5 8.9 6.2 22,303 21,311 19,347 21,624 23,233 16,992 16.642 22,966 15,087 22,717 21,883 20,059 22,180 23,726 17,372 17,270 24,149 15,729 1,806 1,527 5,620 1,849 2,525 4,166 5,922 3,657 4,186 11,137 1,855 1,582 5,972 1,940 2,695 4,303 6,354 3,764 4,469 11,223 1,987 1,656 6,385 2,118 2,919 4,606 6,888 4,016 4,784 11,505 7.2 4.7 6.9 9.2 8.3 7.1 8.4 6.7 7.0 2.5 17,345 16,073 14,975 16,036 18,055 16,830 16,320 19,262 15,775 18,459 17,767 18,921 16,578 17,418 16,002 17,061 16,687 18,088 18,906 20,020 17,297 18,387 17,091 18,069 19,689 20,837 16,553 17,357 18,656 19,187 1,893 2,159 7,838 1,243 13,187 10,038 3,719 2,001 2,202 8,097 1,309 13,485 10,505 3,936 2,124 2,323 8,541 1,388 14,159 11,377 4,195 6.2 5.5 5.5 6.0 5.0 8.3 6.6 15,254 15,175 16,183 12,081 17,730 17,002 15,824 15,954 15,490 16,374 12,523 18,003 17,363 16,365 16,780 16,415 16,942 13,171 18,818 18,361 17,103 28 33 62 32 18 156 147 13 242 126 193 217 164 89 149 168 63 197 111 234 246 227 303 129 152 213 37,291 2,162 1,748 38,570 2,283 1,801 40,882 2,462 1,909 6.0 7.8 6.0 17,964 14,650 14,524 18,405 15,439 14,945 19,400 16,551 15,784 10,802 2,995 8,440 10,213 11,793 3,281 9,321 11,493 13,667 2,473 2,880 5,370 9,542 15,088 1,415 2,661 4,971 3,117 116,932 2,175 2,093 27,831 2,684 10,319 6.8 5.5 7.0 6.4 5.3 6.5 7.3 4.9 6.1 4.4 6.7 7.2 9.2 6.9 5.4 6.9 7.8 3.6 4.9 7.7 17,581 17,973 19,166 18,563 19,130 20,076 25,877 26,639 28,443 15,285 15,992 16,651 17,387 17,989 18,681 14,666 15,145 16,092 16,906 17,532 18,648 15,784 16,076 16,870 19,063 19,212 20,084 21,131 21,351 21,977 1,223 2,378 4,519 2,776 106,495 1,972 1,872 25,319 2,428 9,032 11,045 3,110 8,712 10,806 12,982 2,323 2,685 5,119 8,993 14,451 1,327 2,482 4,552 2,916 110,893 2,035 1,943 26,866 2,559 9,582 16,399 17,199 14,391 14,648 25,129 15,909 16,180 29,103 15,272 18,566 17,535 18,371 17,911 19,213 14,084 15,015 16,272 25,801 26,817 16,252 17,345 16,836 17,735 30,347 30,901 16,191 16,964 19,450 20,589 2,107 1,876 10,944 2,688 2,935 2,570 6,427 9,654 1,827 1,303 2,188 1,933 11,335 2,896 3,093 2,671 6,643 10,039 1,971 1,490 2,331 2,061 11,761 3,098 3,379 2,840 6,988 10,531 2,095 1,569 6.5 6.6 3.8 7.0 9.2 6.4 5.2 4.9 6.3 5.2 16,183 15,794 21,235 15,603 15,496 18,101 18,863 16,059 14,796 12,092 17,008 18,197 16,158 17,107 21,671 22,191 16,353 16,997 15,988 17,062 18,536 19,615 19,22! 19,970 16,646 17,381 15,537 -16,078 13,377 13,345 Roanoke, VA Rochester, M N Rochester, N Y Rockford, IL San Luis Obispo-Atascadero-Paso Robles, CA Santa Barbara-Santa Maria-Lompoc, CA Santa Cruz-Watsonville, CA* Santa Fe, NM Santa Rosa, CA* Sarasota-Bradenton, FL Savannah, GA Scranton-Wilkes-Barre-Hazelton, PA Seattle-Bellevue-Everett, WA* Sharon, PA Sheboygan, Wl Sherman-Denison, TX Shreveport-Bossier City, LA Sioux City, IA-NE Sioux Falls, SD South Bend, IN , Spokane, WA Springfield, IL ' Springfield, MO , Springfield, MA (NECMA) State College, PA Steubenville-Weirton, OH-WV Stockton-Lodi, CA Sumter, SC Syracuse, NY Tacoma, WA* , Tallahassee, FL Tampa-St. Petersburg-Clearwater, FL Terre Haute, IN Texarkana, TX-Texarkana, AR Toledo, OH Topeka, KS Trenton, NJ* Tucson, AZ Tulsa, OK Tuscaloosa, AL Tyler, TX Utica-Rome, NY Vallejo-Fairfield-Napa, CA* Ventura, CA* Victoria, TX Vineland-Millville-Bridgeton, NJ* Visalia-Tulare-Porterville, CA Waco, TX Washington, DC-MD-VA-WV * Waterloo-Cedar Falls, IA Wausau, Wl West Palm Beach-Boca Raton, FL Wheeling, WV-OH Wichita, KS , Wichita Falls, TX Williamsport, PA Wilmington-Newark, DE-MD* Wilmington, NC Yakima, WA Yolo.CA* York, PA Youngstown-Warren, OH Yuba City, CA Yuma, AZ 12,360 2,215 2,560 5,002 8,686 14,162 1991-92 Rank in U.S. Dollars 23,368 22,784 20,893 22,913 24,804 18,222 18,400 25,769 16,618 104 244 280 112 87 5 240 135 267 137 229 85 41 150 109 291 255 11 198 178 2 224 69 159 212 39 222 216 98 93 196 269 302 3. Per capita personal income was computed using Bureau of the Census midyear population estimates. Estimates for 1990-92 reflect State and county population estimates available as of February 1994. 4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT NECMA is presented as a PMSA (part of the New York CMSA). • April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92 Per capita personal income 3 Total personal income Area name Millions of dollars 1990 United States 1 Metropolitan portion Nonmetropolitan portion Percent change 2 1991 1992 4,655,420 4,831,697 5,128,373 3,928,153 4,073,607 4,318,618 727,267 758,090 809,755 1991-92 Dollars 1990 1991 1992 6.1 18,667 6.0 19,797 6.8 14,266 7.0 7.2 15,979 6.7 12,696 15,614 16,522 16,705 17,660 13,374 14,169 68,358 49,243 19,115 Baldwin Barbour Bibb Blount Bullock Butler Calhoun .... Chambers . Cherokee .. 482 1,498 332 200 519 105 237 1,577 480 242 519 1,638 366 210 558 115 251 1,671 483 261 552 1,765 393 229 599 120 266 1,764 517 279 6.4 7.8 7.5 9.1 7.3 4.8 6.1 5.6 7.0 7.0 14,034 15,141 13,049 11,982 13,164 9,534 10,825 13,570 13,002 12,330 14,795 15,291 16,020 16,595 14,449 15,563 12,363 13,309 13,975 14,850 10.339 10,961 11,549 12,269 14,452 15,158 13,117 14,021 13,237 14,052 22 8 Chilton Choctaw ... Clarke Clay Cleburne .. Coffee Colbert Conecuh ... Coosa Covington 193 345 169 171 605 735 157 127 459 441 207 364 180 181 655 769 174 133 487 469 217 385 193 185 707 817 184 143 515 6.3 5.0 5.6 7.4 2.5 7.9 6.2 5.9 7.3 5.8 12,572 12,055 12,621 12,745 13,448 15,015 14,194 11,157 11,503 12,573 13,343 14,107 12,913 13,446 13,233 13,869 13,557 14,486 14,191 14,280 16,214 17,168 14,703 15,584 12,206 13,034 11,963 12,904 13,323 13,996 34 47 40 29 33 7 18 55 57 38 Dallas De Kalb Elmore Escambia ... Etowah Fayette Franklin 159 946 638 581 696 679 437 1,387 220 354 169 994 681 617 737 718 459 1,430 226 385 179 1,087 731 649 808 772 479 1,547 242 426 6.3 9.4 7.2 5.2 9.6 7.6 4.3 8.2 7.1 10.7 11,657 12,453 13,322 13,943 14,473 15,583 12,862 13,672 14,637 12,099 12,868 13,511 12,703 13,328 14,453 13,708 14,152 14,705 12,307 12,892 13,294 13,889 14,320 15,500 12,211 12,497 13,422 12,749 13,738 14,969 49 19 28 46 30 26 52 21 48 24 Geneva Greene Hale Henry Houston Jackson Jefferson Lamar Lauderdale ... Lawrence 326 104 163 187 1,281 666 11,758 199 1,180 382 349 110 175 213 1,351 707 12,319 205 1,241 417 375 114 187 228 1,450 771 13,194 218 1,324 445 7.5 3.9 6.8 7.3 7.3 9.0 7.1 6.7 6.6 6.7 14,493 15,619 10,765 11,187 11,156 11,783 13,621 14,662 16,400 17,389 14,596 15,724 18,797 20,061 13,046 13,986 15,355 16,182 12,996 13,821 16 64 60 27 Lee Limestone . Lowndes ... Macon Madison .... Marengo ... Marion Marshall .... Mobile Monroe 1,168 779 131 251 4,583 284 345 1,017 5,261 298 1,203 842 143 264 4,852 305 365 1,076 5,678 333 1,290 942 141 279 5,245 319 395 1,173 6,068 338 7.3 11.8 -1.4 5.9 8.1 4.6 8.2 9.0 6.9 1.5 13,344 13,583 14,358 14,334 15,180 16,570 10,378 11,301 11,115 10,092 10,828 11,452 19,081 19,809 20,876 12,307 13.214 13,732 11,555 12,343 13,310 14,318 14.957 15,957 13,873 14.796 15,591 12,332 13,932 14,067 31 9 65 62 1 43 50 12 17 35 Montgomery . Morgan Perry Pickens Pike Randolph Russell St. Clair Shelby Sumter 3,668 1,655 122 237 359 245 603 641 1,895 166 3,866 1,766 130 248 379 254 628 687 1,997 178 4,120 1,880 137 262 402 263 669 727 2,160 6.6 6.5 5.8 5.7 6.0 3.6 6.4 5.8 8.2 5.8 17,517 16,462 9,623 11,462 13.000 12.318 12.841 12,765 18,927 10,287 4 5 63 58 32 56 45 44 2 61 Talladega .... Tallapoosa .. Tuscaloosa . Walker Washington . Wilcox Winston 907 548 2,215 971 206 129 265 950 571 2,323 1,023 215 138 284 997 621 2,473 1,070 223 141 308 5.0 8.6 6.5 4.6 3.6 1.9 8.5 12,231 12,730 14,086 14,588 14.666 15,145 14,344 15,036 12,359 12,791 9,578 10,036 11,986 12,872 11,550 5,489 6,061 12,226 5,824 6,402 12,970 6,166 6,804 6.1 5.9 6.3 20,887 21,498 22,067 24,119 24,791 25,077 18,627 19,180 19,902 43 157 5,489 178 39 52 172 5,824 190 42 3! 85 1,415 52 59 188 6,166 207 45 37 93 1,522 51 12.8 9.0 5.9 8.6 8.0 6.0 8.9 7.5 -2.2 Alaska Metropolitan portion Nonmetropolitan portion Aleutians East Borough Aleutians West Census Area ... Anchorage Borough Bethel Census Area Bristol Bay Borough Denali Borough 4 Dillingham Census Area Fairbanks North Star Borough , Haines Borough See footnotes at end of table. 98 1,343 52 13,760 10,207 10,488 12,128 15,695 13.903 18,029 12.652 14,769 12,100 18,222 19,162 17,296 18,119 10.422 11,197 11,963 12,532 13,598 14,338 12,708 13,013 13,136 13,586 13,293 13,642 19,343 20,139 11,029 11,651 17,477 19,953 16,481 18,315 24,119 24,791 12,956 13,594 28,259 30,578 19,976 "i7",301 20,703 17,195 17,706 24,806 24,466 13,268 15,806 16,092 15,650 13,208 10,291 13,815 22,133 20,853 25,077 14,416 31,159 21,026 21,732 18,435 24.495 Percent change 2 Millions of dollars 1992 678 907 720 938 6.2 23,666 3.5 20,803 24,304 21,271 25,390 21,571 5 13 Ketchikan Gateway Borough Kodiak Island Borough Lake and Peninsula Borough 4 .... Matanuska-Susitna Borough Nome Census Area North Slope Borough Northwest Artie Borough Prince of Wales-Outer Ketchikan Sitka Borough Skagway-Yakutat-Angoon Southeast Fairbanks Census Area Valdez-Cordova Census Area Wade Hampton Census Area Wrangell-Petersburg Yukon-Koyukuk Census Area 366 269 615 114 140 89 113 192 95 371 280 28 656 118 150 94 111 200 101 296 30 694 128 158 102 115 210 107 5.4 5.7 6.7 5.8 8.3 5.5 9.1 3.5 4.9 6.6 "i5"319 13,788 23,255 14,524 17,994 22,235 21,579 26,333 20,119 16,537 15,470 14,132 24,135 15,158 17,311 22,981 23,267 27,761 20,805 17,275 15,441 14,954 24,153 16,121 17,983 23,697 24,973 2 16 19 22 23 9 21 18 10 7 20 51 25 66 59 23 37 36 230 59 167 119 93 248 59 173 91 97 269 61 190 95 4.3 15,369 8.8 22,837 4.1 10,173 9.4 23,662 4.7 14,188 16,543 23,824 9,866 24,549 13,862 17,033 25,826 9,993 26,963 14,406 20 4 26 3 25 59,833 53,084 6,749 62,543 55,395 7,148 66,687 58,909 7,778 6.6 16,262 6.3 17,030 12,005 16,697 17,462 12,467 17,401 18,159 13,222 Apache Cochise Coconino Gila Graham Greenlee La Paz Maricopa Mohave Navajo 502 1,247 1,257 510 264 105 228 38,868 1,331 740 542 1,320 1,341 542 278 119 223 40,184 1,422 774 605 1,437 1,470 585 303 135 233 42,793 1,529 840 11.6 8.8 9.7 8.1 8.7 13.3 4.5 6.5 7.5 8.5 8,107 8,674 12,738 13,334 12,938 13,440 12,612 13,153 9,930 10,268 13,124 14,353 16,436 16,253 18,253 18,551 13,979 14,098 9,496 9,797 9,623 14,172 14,302 13,795 10,978 15.671 17,065 19.367 14,417 10,367 Pima Pinal Santa Cruz . Yavapai Yuma 10,213 1,369 342 1,554 1,303 10,806 1,493 362 1,646 1,490 11,493 1,526 385 1,785 1.569 6.4 2.2 6.2 8.5 5.2 15,285 11,750 11,473 14,314 12,092 15,992 12,631 11,753 14,711 13,377 16,651 12,634 12,104 15,376 13,34! 32,450 16,084 16,367 34,341 17,006 17,335 37,434 18,599 18,835 9.0 13,779 9.4 15,422 8.7 12,474 14,485 16,126 13,171 15,635 17,367 14,233 6 14 3 39 10 41 298 322 448 1,557 386 160 65 251 165 258 306 352 475 1,679 407 166 68 266 174 273 333 374 511 1,882 435 181 73 291 201 299 6.1 7.5 12.1 7.0 9.0 8.1 9.2 16.0 9.5 13,758 13,232 14,333 15,834 13.623 13,548 11,155 13,394 10,551 12,075 14.269 14.397 15,002 16,536 14,209 14,151 11,660 13,953 11,201 12,867 15,628 15,209 15,768 17.827 14,897 15,579 12,744 14,910 12,796 14,028 10 17 9 4 21 11 60 20 57 39 205 250 91 336 243 934 488 631 218 123 221 266 94 353 259 1,001 520 660 239 131 243 288 99 376 279 1,099 571 716 271 140 10.4 8.1 5.2 6.4 8.1 9.8 10.0 8.5 13.4 7.4 11,347 12,823 11,707 13,091 12,698 13,479 11,411 12,622 11,360 12,822 12,272 13,368 12,062 13.741 13,448 14,366 11,914 13,270 12,441 13,699 13,623 14,160 12,592 14,608 14.532 15.487 12,857 14,394 14,071 14,783 42 35 61 25 27 14 54 29 37 22 Desha Drew Faulkner Franklin Fulton Garland Grant Greene Hempstead .... Hot Spring 184 197 830 172 96 1,165 190 369 247 312 198 21 896 185 103 1,230 197 396 260 31 219 235 1,001 197 108 1,316 212 432 296 338 10.5 9.4 11.7 6.9 5.2 7.0 7.5 9.2 13.9 7.2 10,986 11,369 13,727 11,542 9,517 15,836 13,582 11,582 11,396 11,946 11,970 12,373 14,436 12,349 10,313 16,478 13,972 12,257 12,014 12,074 13,460 13,635 15,552 13,038 10,869 17,287 14,693 13,179 13,539 12,795 46 41 12 50 73 5 24 48 45 58 53 13 11 15 54 67 42 Howard Independence . Izard Jackson Jefferson Johnson Lafayette Lawrence Lee Lincoln 192 413 137 22! 1.121 203 99 183 127 119 200 431 147 239 1,150 218 104 200 127 131 220 472 150 272 1,227 243 113 217 144 150 10.0 14,138 9.3 13,245 2.4 12,031 13.9 11,838 6.6 13,136 11.2 11,130 8.5 10,339 8.7 10,524 13.5 9.785 14.7 14,714 13,693 12,760 12,550 13,476 11,765 10,982 11,409 9,799 9,460 16,207 14,933 12,821 14,347 14,386 12,996 12,104 12,535 11,185 10,793 7 19 55 31 30 52 69 63 71 74 11 15 6 24 1 14 12 17 197 245 540 146 144 200 259 576 157 152 200 291 634 175 163 -.3 12.7 10.0 11.5 7.8 14,394 12,602 14,449 13,074 12,479 14,567 14,067 15,490 14,200 13.126 38 13 34 49 Arizona Metropolitan portion Nonmetropolitan portion Arkansas Metropolitan portion Nonmetropolitan portion Arkansas .. Ashley Baxter Benton Boone Bradley .... Calhoun ... Carroll Chicot Clark Clay Cleburne Cleveland Columbia Conway Craighead .... Crawford Crittenden .... Cross Dallas Little River Logan Lonoke Madison Marion 1991 1991-92 1990 1992 1991 639 855 1990 1992 Rank in State Dollars Juneau Borough Kenai Peninsula Borough 63,863 45,952 17,911 Crenshaw , Cullman .... Area name 1992 19,163 20,105 20,289 21,247 14,761 15,628 60,332 43,416 16,916 Alabama Metropolitan portion Nonmetropolitan portion Per capita personal income 3 Total personal income Rank in 26,236 20,087 14,076 11,904 13,677 12,531 11,978 13 4 2 1 3 11 12 5 10 April 1994 SURVEY OF CURRENT BUSINESS • 133 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income3 Total personal income 1990 Miller Mississippi Monroe Montgomery Nevada Newton Ouachita Perry Phillips Pike Poinsett Polk Pope Prairie Pulaski Percent change 2 Millions of dollars Area name 1991 1992 1991 1992 496 750 139 93 121 530 782 154 97 129 7.0 4.2 10.8 4.9 6.8 12,387 12,018 11,535 11,527 11,393 12,846 13,129 12,576 11,813 12,062 13,726 14,209 14,139 12,218 12,949 40 33 36 66 53 91 309 129 274 209 635 108 6,218 74 400 95 322 136 302 217 680 112 6,601 80 420 107 353 147 323 239 761 120 7,134 6.8 5.2 12.5 9.6 8.6 7.0 10.1 11.9 7.1 8.1 8,997 12,653 11,474 10,712 12,814 11,127 12,053 13,758 11,360 17,767 9,626 13,401 11,750 11,405 13,597 12,417 12,492 14,392 11,992 18,788 10,406 14,229 12,793 12,575 14,743 13,238 13,613 15,867 12,997 20,188 75 32 59 62 23 47 43 8 5 1 1 197 347 1,036 133 84 1,836 215 181 124 829 7.1 11.2 10.3 7.7 5.4 10.7 8.9 5.9 10,548 11,049 10,776 11,000 13,793 14,305 11,282 12,039 9,681 10,505 16,052 16,520 13,414 14,157 11,392 11,833 10,722 11,353 15,641 16,448 11,616 12,273 15,447 12,806 11,158 18,109 15,066 12,140 12,179 17,832 70 65 15 56 72 2 18 68 67 3 11,127 15,212 12,011 11,642 13,049 12,336 16,911 13,558 14,506 15,291 44 28 1 6 Randolph St. Francis Saline Scott Searcy Sebastian Sevier Sharp Stone Union 1,598 184 161 105 732 184 312 939 123 80 1,659 197 171 114 765 Van Buren Washington White Woodruff Yell 156 1,736 660 110 232 164 1,831 706 117 247 176 2,032 770 134 276 6.9 11.0 617,679 602,829 14,850 630,901 615,638 15,263 659,567 643,475 16,092 4.5 4.5 5.4 20,656 20,748 21,348 20,834 20,933 21,539 15,336 15,311 15,765 28,164 21 473 2,757 531 301 20,603 302 2,480 10,864 28,434 22 501 2,831 554 314 30,058 22 524 3,002 587 320 22,268 337 2,726 11,754 5.7 1.3 4.4 6.0 6.0 1.9 5.7 5.5 5.3 5.8 21,986 21,986 19,066 18,776 15,619 16,029 15,024 15,169 16,336 16,254 18,423 25,465 25,588 12,610 11,319 19,357 19,340 16,171 16,110 22,988 19,249 16,433 15,935 16,609 18,987 26,491 11.683 19,729 16,658 9 20 43 44 39 2 1 4 58 1 8 38 9.7 4.7 5.9 4.7 4.4 5.2 5.0 8.5 3.7 7.9 14,224 13,551 15,808 16,021 15,244 14,208 17,266 17,409 15,682 15,651 12,628 12,781 16,189 16,678 12,420 13,128 20,752 20,907 14,400 13,841 14,694 16,605 13,827 18,158 15,836 13,174 17,179 14,237 21,434 14,361 50 40 55 25 45 57 3 1 53 14 5 1 34,654 34,805 16,299 15,823 16,189 16,282 14,266 14,057 14,306 13,904 17,675 17,523 19,515 19,847 22,714 23,478 18,028 18,101 24,292 24,113 36,076 16,587 16,972 14,717 14,243 18,712 20,322 24,387 18,653 24,651 1 4 1 33 49 52 23 1 6 7 24 6 California Metropolitan portion Nonmetropolitan portion Alameda Alpine Amador Butte Calaveras Colusa Contra Costa Del Node El Dorado Fresno Glenn Humboldt Imperial Inyo Kern Kings Lake Lassen Los Angeles Madera Marin Mariposa Mendocino Merced Modoc Mono Monterey Napa Nevada Orange 354 1,890 1,694 316 8,592 1,286 827 343 184,246 1,282 7,977 235 1,308 2,566 138 178 21,067 320 2,588 11,113 342 1,934 1,684 369 375 2,026 1,783 334 9,306 1,415 924 400 187,096 1,318 194,054 1,422 8,082 236 1,328 8,430 254 1,386 2,783 319 8,918 1,344 880 8.9 13.8 11.8 11,523 15,721 12,637 12,510 13,847 64 6 172 140 186 1,427 58,721 7,197 2,621 1,474 7,485 2,761 1,551 58,993 61,252 4.3 7.9 4.4 6.5 3.4 8.3 4.0 5.3 5.3 3.8 Placer Plumas Riverside Sacramento San Benito San Bernardino San Diego San Francisco San Joaquin San Luis Obispo 3,747 324 21,348 20,023 619 23,137 49,587 20,868 7,838 3,716 3,945 337 21,815 20,904 617 23,945 50,820 21,472 8,097 3,814 4,158 356 22,783 22,052 643 25,265 53,019 22,554 8,541 3,993 5.4 5.6 4.4 5.5 4.4 5.5 4.3 5.0 5.5 4.7 21,364 21,728 16,349 16,710 17,886 17,489 19,070 19,345 16,803 16,483 16,100 16,046 19,731 19,875 28,863 29,571 16,183 16,374 17,036 17,413 22,218 17,170 17,682 20,171 16,760 16,466 20,384 30,942 16,942 18,105 12 32 28 1 7 35 42 1 5 2 34 27 San Mateo Santa Barbara Santa Clara Santa Cruz Shasta Sierra Siskiyou Solano Sonoma Stanislaus 18,727 8,259 36,770 4,889 2,446 52 655 6,160 8,435 6,054 19,040 8,485 37,830 5,011 2,550 55 19,852 8,775 39,626 5,263 9,188 6,615 4.3 3.4 4.7 5.0 6.4 3.8 5.0 6.4 4.7 5.8 28,806 22,303 24,550 21,311 16,456 15,809 14,981 17,884 21,624 16,130 29,056 22,717 25,038 21,883 16,539 16,715 15,059 17,876 22,180 16,179 29,918 23,368 25,924 22,784 17,212 17,575 15,708 18,738 22,913 16,738 5 11 30 29 46 22 10 36 1,094 646 181 4,519 746 1,181 679 188 1,260 729 201 4,971 846 6.7 7.3 6.5 9.2 6.1 16,859 17,542 12,951 13,309 13,855 14,350 14,391 14,084 15,277 15,862 18,136 14,037 15,152 15,015 16,661 26 54 47 48 37 Sutter Tehama Trinity Tulare Tuolumne See footnotes at end of table. 6,970 2,526 2,612 135 663 6,371 8,775 6,250 4,552 797 2,713 57 696 6,781 1990 Ventura Yolo Yuba Colorado Metropolitan portion Nonmetropolitan portion Adams Alamosa Arapahoe Archuleta Baca ... Bent .... Boulder Chaff ee Cheyenne Clear Creek Percent change 2 Millions of dollars Area name 1992 1990 477 691 130 90 115 175 307 888 115 76 1991-92 Rank in State Dollars Per capita personal income3 Total personal income 1991 1991-92 1990 1991 1992 790 15,088 2,840 836 4.4 6.4 5.8 21,131 21,351 21,977 18,101 18,536 19,615 12,514 13,268 13,730 66,519 56,190 10,329 71,600 60,517 11,083 7.6 7.7 7.3 18,818 19,740 19,471 20,442 15,935 16,632 20,666 21,366 17,529 4,336 184 9,912 74 94 82 5,177 181 55 141 4,721 193 10,642 79 94 83 5,601 189 57 150 8.9 4.9 7.4 7.7 -.2 1.6 8.2 4.5 3.0 6.8 15,115 13,687 23,531 12,767 21,005 15,121 21,129 13,093 23,085 17,345 16,761 13,942 25,285 13,672 21,150 16,691 23,513 14,630 23,370 18,713 14,162 2,570 733 14,451 2,671 62,163 52,444 9,719 4,024 186 9,264 69 95 76 4,776 166 55 132 1992 Rank in State Dollars 15,899 13,337 24,381 13,186 20,881 16,673 22,359 14,219 23,364 17,936 Conejos Costilla Crowley Custer , Delta ... Denver Dolores Douglas Eagle .. Elbert .. 66 41 43 31 266 10,390 21 1,488 477 70 40 43 33 291 10,983 21 1,617 518 182 74 42 50 35 316 11,830 25 1,748 576 198 5.9 4.8 16.1 8.3 8.4 7.7 19.0 8.1 11.3 9,383 10,043 12,828 12,264 13,070 10,972 10,964 12,780 15,699 16,116 16,583 12,665 13,567 14,395 22,248 23,256 24,449 13,683 15,123 18,200 24,147 24,216 23,845 21,503 22,087 23,419 17,376 17,668 18,281 El Paso Fremont Garfield Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson 6,644 388 506 47 134 137 7,130 408 528 53 144 150 9 75 26 9,716 7,708 446 551 62 153 162 9 80 27 10,390 8.1 9.3 4.3 16.9 6.6 8.0 6.5 6.4 3.9 6.9 16,724 17,650 18,300 12,039 12,699 13,634 16,671 16,927 17,640 15,404 16,688 19,400 16,741 17,667 18,154 13,259 14,321 14,963 17,273 18,701 18,806 11,522 12,772 13,636 14,669 16,240 16,415 20,511 21,768 22,807 42 134 92 553 3,394 177 93 288 1,536 9 41 147 97 602 3,643 185 97 323 1,656 10 -2.8 10.3 5.5 8.9 7.4 4.6 4.8 12.3 7.8 6.5 26,272 18,892 14,156 15,638 16,885 11,881 18,466 16,039 15,202 15,309 23 9,015 25,492 20,452 15,811 17,399 18,389 13,593 21,298 18,774 16,897 17,208 Kiowa Kit Carson Lake La Plata Larimer Las Animas Lincoln Logan Mesa Mineral 44 135 85 508 3,158 163 83 281 1,425 Moffat Montezuma Montrose Morgan Otero Ouray Park Phillips Pitkin Prowers 181 252 352 386 272 38 117 73 403 202 266 378 411 296 41 127 78 426 207 203 291 411 431 311 43 137 79 469 215 8.2 9.3 8.8 4.7 5.2 6.4 8.6 .9 9.9 3.9 15,898 16,310 17,376 13,490 13,993 14,885 14,367 15,101 16,116 17,616 18,405 18,968 13,515 14,728 15,588 16,347 16,697 17,253 16,173 16,460 17,004 17,443 18,873 19,226 31,695 33,565 36,356 15,178 15,582 16,350 Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller 1,728 88 171 300 57 12 66 46 283 205 1,844 93 162 316 58 11 73 48 318 227 1,963 102 162 338 59 9 80 47 347 259 6.5 9.4 -.4 7.0 .7 -15.8 9.7 -1.6 9.2 14.1 14,045 14,977 15,863 14,877 15,401 16,646 15,933 15,156 15,151 21,100 21,531 22,426 12,193 12,277 12,191 15,432 14,979 15,176 17,680 18,166 18,714 17,158 18,013 17,950 21,691 23,198 23,824 16,376 17,586 18,678 Washington Weld Yuma 96 1,956 180 93 2,080 185 95 2,271 181 1.4 9.2 -2.1 20,194 19,578 20,418 14,822 15,592 16,718 20,168 20,761 20,315 83,633 77,584 6,049 84,581 78,516 6,065 89,029 82,652 6,377 5.3 5.3 5.1 25,426 25,705 27,150 25,757 26,071 27,555 21,825 21,757 22,805 27,470 21,014 4,162 3,448 17,901 5,129 2,623 1,887 27,620 21,232 4,149 3,520 18,209 5,286 2,648 1,917 29,356 22,158 4,350 3,639 19,175 5,568 2,757 2,027 6.3 4.4 4.8 3.4 5.3 5.3 4.1 5.8 33,177 24,666 23,855 24,037 22,246 20,102 20,344 18,377 13,193 11,319 1,874 13,748 11,781 1,967 14,318 12,265 2,053 4.1 4.1 4.4 19,719 20,195 20,724 20,389 20,885 21,477 17,137 16,456 1,626 1,738 1,846 6.2 14,567 Connecticut Metropolitan portion Nonmetropolitan portion Fairfield Hartford Litchfield Middlesex New Haven New London Tolland Windham Delaware Metropolitan portion Nonmetropolitan portion Kent 26,118 18,653 15,065 16,501 17,682 13,069 20,570 16,610 15,940 16,422 33,305 35,423 24,931 26,161 24,645 24,462 25,181 22,667 23,937 20,809 22,427 20,459 21,213 18,572 19,657 15,182 15,909 1992 SURVEY OF CURRENT BUSINESS 1994 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total persona! income Percent ihange2 Millions of dollars Area name 1990 1991 9,693 1,874 New Castle 1992 10,043 1,967 10,418 2,053 Sussex 14,878 15,491 16,333 244,604 230,987 13,617 254,585 240,170 14,414 265,764 250,601 15,162 2,931 232 1,909 253 7,104 28,114 116 1,945 1,367 1,786 3,102 245 2,057 267 7,484 28,737 122 2,014 1,429 1,874 4,209 555 34,274 326 114 12,038 3,952 420 115 483 Gilchrist Glades Gulf Hamilton Hardee Hendry Hernando Highlands Hinsborough Holmes Indian River Jackson Jefferson Lafayette Lake Lee Leon Levy Liberty Madison 1991-92 Dollars 1990 3.7 21,854 4.4 16,456 5.4 24,643 1991 1992 26,069 27,909 19,180 19,468 15,390 19,711 19,996 15,956 3,309 260 2,204 287 7,964 30,068 129 2,118 1,508 1,970 6.7 16,078 6.1 12,470 7.1 7.7 11,188 6.4 17,621 4.6 22,276 5.9 10,521 5.1 17,265 5.5 14,447 5.1 16,720 16,692 12,908 15,787 11,620 18,019 22,393 10,847 17,251 14,685 16,999 17,468 13,437 16,445 12,440 18,715 23,107 11,356 17,761 15,123 17,241 2 1 53 29 6 1 15 6 65 1 9 38 22 4,377 587 35,238 361 113 12,528 4,149 445 123 513 4,486 633 34,384 368 123 13,324 4,463 480 132 556 2.5 8.0 -2.4 2.0 8.1 6.4 7.6 7.8 6.9 8.5 27,300 27,327 12,951 13,438 17,629 17,807 13,622 14,898 10,635 10,265 17,780 18,189 15,007 15,540 14,257 14,122 12,843 13,512 11,722 12,241 27,232 14,236 17,124 15,148 10,790 19,011 16,474 14,285 14,272 13,174 4 45 25 37 66 14 28 43 44 56 111 94 142 123 295 403 1,477 1,066 14,214 168 121 102 150 126 312 463 1,561 1,134 14,919 182 131 109 162 136 320 475 1,664 1,171 15,960 196 8.2 6.8 7.7 8.3 2.6 2.6 6.6 3.2 7.0 7.9 11,416 12,300 12,324 11,227 15,085 15,610 14,381 15,454 16,997 10,645 12,029 13,575 12,979 11,353 15,585 17,071 14,626 16,217 17,620 11,406 12,538 14,619 13,814 12,127 15,930 17,128 15,183 16,596 18,589 12,044 60 40 49 63 3 1 24 36 26 17 64 2,275 520 145 66 2,500 6,563 3,235 306 68 183 2,377 563 157 68 2,603 6,801 3,423 328 72 195 2,445 607 170 72 2,776 7,151 3,639 351 78 208 2.9 8.0 8.3 5.6 6.6 5.1 6.3 6.9 9.1 6.6 25,028 25,765 26,158 12,542 13,481 14,335 12,758 13,571 14,473 11,784 12,078 12,550 16,274 16,529 17,217 19,396 19,603 20,312 16,697 17,234 17,920 11,710 12,337 12,920 12,098 12,612 13,584 11,053 11,681 12,430 5 42 41 59 23 11 18 58 52 62 Orange Osceola Palm Beach 4,066 2,855 2,897 1,673 771 2,333 383 12,138 1,585 25,319 4,273 3,003 2,995 1,732 823 2,520 400 12,739 1,670 26,866 4,552 3,198 3,129 1,767 880 2,709 417 13,639 1,795 27,831 6.5 6.5 4.5 2.0 6.9 7.5 4.2 7.1 7.5 3.6 19,078 19,806 21,009 14,500 14,799 15,375 28,443 28,900 30,005 21,389 21,853 22,056 17,413 18,054 18,676 16,139 16,987 17,656 12,867 13,105 13,617 17,727 18,176 19,086 14,404 14,405 15,054 29,103 30,347 30,901 10 35 2 8 16 20 50 13 39 1 Pasco Pinedas Polk Putnam St. Johns St. Lucie Santa Rosa Sarasota Seminole Sumter 4,074 17,525 6,229 764 1,848 2,280 1,221 7,377 5,423 371 4,178 17,912 6,472 814 1,939 2,387 1,309 7,552 5,615 399 4,401 18,856 6,816 890 2,064 2,506 1,423 7,820 6,052 432 5.3 5.3 5.3 9.3 6.4 5.0 8.7 3.5 7.8 8.1 14,456 20,496 15,292 11,696 21,786 14,959 14,861 26,403 18,632 11,694 14,726 20,864 15,676 12,267 22,095 15,203 15,296 26,719 18,616 12,424 15,489 22,055 16,268 13,258 22,842 15,553 15,729 27,719 19,544 13,306 34 9 Suwannee Taylor Union Volusia Wakulla Walton Washington 354 221 93 5,893 189 334 193 369 226 99 6,091 201 368 209 395 243 105 6,415 216 402 225 6.9 7.5 5.7 5.3 7.2 9.3 7.9 13,134 13,328 12,866 13,016 9,055 9,527 15,760 15,944 13,160 13,498 12,002 12,817 11,361 12,101 13,94: 14,048 9,922 16,526 13,905 13,592 12,955 47 46 67 27 48 51 57 111,406 82,762 28,644 117,094 86,608 30,485 125,642 93,043 32,599 7.3 7.4 6.9 17,121 17,666 18,549 18,917 19,372 20,283 13,434 14,132 14,912 182 76 113 48 572 139 425 81 215 185 198 80 120 59 620 147 444 832 234 195 205 88 130 58 65; 15; 484 904 244 210 3.3 10.4 8.4 -1.8 6.0 6.9 9.0 8.6 4.4 7.3 11,546 12,244 11,824 13,303 14,443 13,41" 14,132 14,432 13,257 13,095 12,446 12,872 12,440 16,070 15,487 14,00; 14,264 14,322 14,139 13,678 12,801 14,085 13,221 15,983 16,225 14,676 15,076 15,170 14,742 14,550 2,57< 2,717 2,881 6.0 17,145 17,948 18,959 Florida Metropolitan portion Nonmetropoiltan portion Alachua Baker Bay Bradford Brevard Broward Calhoun Charlotte Citrus Clay Collier Columbia Dade De Soto Dixie Duval Escambia Flagler Franklin Gadsden „ Manatee Marion Martin Monroe Nassau Okaloosa Okeechobee Georgia Metropolitan portion Nonmetropolitan portion Appling Atkinson Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien Bibb See footnotes at end of table. 30 55 7 33 32 3 12 54 19 3 11 0 127 37 34 8 1 64 60 78 86 Per capita personal income3 Rank in Dollars State 1991-92 1990 1991 1992 142 123 11 7 204 519 230 192 65 366 157 132 11 9 218 559 247 203 72 414 164 143 205 237 597 21 6 21 2 73 41 6 45 . 84 . 70 . 83 . 69 . 59 . 86 . 17 . 11.2 13,538 11,071 11,096 12,999 11,974 11,166 12,455 12,999 11,871 14,834 11,683 12,391 13,256 12,653 11,954 13,081 14,456 12,108 15,424 12,289 13,288 13,351 13,179 12,434 14,082 15,120 12,237 49 10 5 124 122 18 2 18 4 12 0 62 11 5 Candler Carroll Catoosa Charlton Chatham Chattahoochee Chattooga Cherokee Clarke Clay 16 0 996 534 9 1 3,839 195 276 1,507 1,306 35 16 1 1,035 555 97 3,972 21 1 294 1,571 1,362 4 1 124 1,101 597 13 0 4,245 21 4 319 1,722 1,434 43 64 . 64 . 74 . 63 . 69 . 14.4 84 . 96 . 53 . 50 . 13,659 13,858 12,511 10,686 17,650 11,613 12,397 16,497 14,876 10,451 14,638 14,195 12,818 11,289 18,109 13,945 13,123 16,227 15,484 12,163 15,398 14,910 13,476 11,688 19,108 14,782 14,202 16,875 16,263 12,629 50 70 18 1 155 7 76 96 2 1 3 1 12 4 Clayton Clinch Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp 2,881 66 9,890 409 500 1,129 16 5 893 107 265 3,029 72 10,280 435 528 1,176 165 933 112 284 3,258 79 11,188 41 7 558 1,246 16 7 1,012 19 1 303 76 . 10.4 88 . 82 . 55 . 59 . 69 . 85 . 67 . 64 . 15,738 10,716 21,933 13,777 13,633 16,867 11,615 16,380 11,869 13,227 16,288 11,489 22,148 14,465 14,402 16,736 12,216 16,316 12,107 13,896 17,198 12,697 23,368 15,292 15,093 17,062 13,093 16,775 12,888 14,850 18 10 4 2 53 63 1 9 11 3 23 15 3 72 Dade Dawson Decatur De Kalb Dodge Dooly Dougherty Douglas Early Echols 11 5 140 344 11,406 206 123 1,388 1,112 153 26 18 5 19 4 372 11,880 222 15 4 1,480 1,155 168 27 18 6 10 6 382 12,703 235 19 4 1,545 1,248 175 29 58 . 70 . 29 . 69 . 55 . 30 . 44 . 80 . 39 . 71 . 11,446 14,687 13,446 20,816 11,694 12,455 14,425 15,521 12,893 11,244 11,917 15,058 14,424 21,364 12,449 14,606 15,302 15,721 14,150 11,599 12,556 15,473 14,766 22,542 13,237 14,924 15,801 16,550 14,617 12,571 16 4 47 77 3 16 2 69 42 25 82 144 Effingham Elbert Emanuel Evans Fannin Fayette Floyd Forsyth Franklin Fulton 31 6 254 21 4 16 1 16 8 1,348 1,270 832 249 16,835 368 268 255 124 19 9 1,439 1,345 883 262 17,500 390 280 265 11 3 216 1,570 1,440 968 21 8 18,771 62 . 47 . 38 . 60 . 86 . 91 . 70 . 97 . 72 . 73 . 13,897 13,388 11,730 13,297 11,617 21,312 15,612 18,597 14,924 25,916 13,840 14,108 12,392 14,117 12,248 21,696 16,458 18,763 15,498 26,662 14,202 14,783 12,836 14,731 12,988 22,534 17,515 19,420 16,389 28,194 97 75 16 3 79 13 3 4 14 6 29 1 Gilmer Glascock Glynn Gordon Grady Greene Gwinnett Habersham .... Hall Hancock 192 3 1 1,096 509 233 153 7,289 405 1,581 97 21 0 34 1,135 51 3 249 163 7,735 41 3 1,664 13 0 214 36 1,205 580 267 172 8,440 464 1,797 11 1 64 . 73 . 62 . 92 . 71 . 53 . 91 . 76 . 80 . 77 . 14,252 13,283 17,481 14,463 11,469 12,902 20,436 14,608 16,469 10,841 14,455 14,689 17,914 14,852 12,222 13,506 20,736 15,321 16,930 11,525 14,925 15,867 18,881 15,944 13,021 14,162 21,543 16,193 17,972 12,340 68 4 1 9 38 12 3 98 5 35 1 3 19 4 Haralson Harris Hart Heard Henry Houston Irwin Jackson Jasper Jeff Davis 299 284 284 93 976 1,395 16 0 420 117 162 312 293 295 10 0 1,034 1,454 16 1 444 19 1 165 327 308 312 104 1,119 1,523 11 2 478 19 2 174 49 . 50 . 55 . 41 . 82 . 47 . 39 . 76 . 90 . 58 . 13,569 15,918 14,350 10,686 16,302 15,564 12,224 13,931 13,761 13,484 14,093 16,441 14,860 11,286 16,238 15,873 13,462 14,431 13,867 13,660 14,594 16,895 15,452 11,555 16,512 16,251 13,997 15,223 14,876 14,375 83 20 48 16 5 27 32 107 56 7 1 92 206 89 9 1 320 160 70 552 209 436 96 226 100 98 335 17 6 76 51 9 229 509 102 242 106 105 356 178 8 1 635 236 626 108 69 . 64 . 74 . 63 . 65 . 68 . 75 . 32 . 23.0 54 . 11,856 10,822 10,926 15,393 12,229 12,561 13,793 12,805 8,261 12,797 12,909 12,028 11,663 16,001 12,597 13,331 14,640 13.683 9,498 13,598 13,843 12,561 12,693 16,751 13,159 14,049 15,524 13,557 10,973 14,129 108 145 11 4 24 19 2 15 0 45 16 1 18 5 99 59 1,068 205 280 94 157 292 63 245 82 64 1,128 214 298 11 0 19 6 305 68 258 95 70 1,210 233 318 106 182 325 73 272 96 95 . 72 . 86 . 65 . 52 . 77 . 66 . 74 . 51 . 10 . 9,283 13,999 13,928 13,875 10,880 11,973 13,747 11,301 10,887 13,124 10,300 14,645 14,182 14,586 11,540 12,914 14,079 12,022 11,407 15,029 10,148 15,510 15,065 15,185 11,849 14,092 14,722 12,805 11,972 15,182 19 5 46 65 58 153 100 80 138 152 59 1990 Bleckley Brantley Brooks Bryan Bulloch Burke Butts Calhoun Camden 18,785 19,087 14,810 Percent change 2 Millions of dollars Area name 1992 22,336 22,897 16,859 17,137 District Of Columbia 4.4 4.3 5.2 Total personal income Rank in State Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty Lincoln Long Lowndes Lumpkin McDuffie Mclntosh Macon Madison Marion Meriwether Miller 1991 1992 1992 April 1994 SURVEY OF CURRENT BUSINESS • I35 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income3 'otal personal income Percent change2 Millions of dollars Area name 1990 1991 1992 Dollars 1991-92 1990 1992 267 249 95 14 9 340 2,942 623 325 15 3 596 280 265 10 0 208 376 3,135 670 345 13 4 652 48 . 62 . 51 . 73 . 10.4 66 . 75 . 60 . 63 . 93 . 11,931 14,177 12,482 14,614 12,329 15,200 14,031 17,555 13,211 13,710 13,130 14,210 13,144 14,823 12,540 16,345 14,305 17,796 13,539 13,343 13,620 14,792 13,697 15,701 13,517 16,823 14,973 18,447 14,053 13,775 14 1 74 13 1 43 17 1 22 66 12 104 110 Peach Pickens Pierce Pike Polk Pulaski Putnam Quitman Rabun Randolph 330 222 19 6 142 437 15 1 205 25 17 4 9 1 343 230 11 8 11 5 446 11 3 210 28 16 5 11 0 360 248 17 9 162 472 140 229 29 164 105 50 . 82 . 92 . 71 . 58 . 73 . 89 . 59 . 52 . 48 , 15,529 15,307 12,579 13,740 12,899 14,160 14,335 11,529 12,596 11,396 16,009 15,505 13,397 14,332 13,084 16,266 14,305 12,385 13,203 12,409 16,367 16,526 14,453 15,380 13,767 17,367 15,243 12,966 13,733 13,128 30 26 89 5 1 11 1 1 5 55 14 3 12 1 10 3 Richmond Rockdale 3,172 966 46 15 7 110 71 6 322 62 41 1 69 3,327 1,018 47 19 8 10 2 803 338 65 446 72 3,507 1,100 50 200 127 81 6 31 6 69 470 75 54 . 81 . 73 . 59 . 62 . 72 . 66 . 55 . 54 . 37 . 16,655 17,677 12,767 12,679 12,232 13,909 13,828 10,884 13,584 10,529 17,057 17,851 13,094 13,763 13,207 14,459 14,344 11,811 14,610 10,981 17,322 18,648 14,073 14,520 14,046 15,327 15,123 12,589 15,283 11,277 1 6 10 13 0 87 16 0 52 6 1 13 4 54 17 5 Terrell Thomas Tift Toombs Towns Treutlen 24 219 99 135 122 572 495 326 86 65 24 236 104 13 4 134 607 528 346 89 7 1 26 248 10 1 152 143 639 555 366 94 74 62 . 50 . 62 . 64 . 63 . 52 . 51 . 56 . 63 . 43 . 12,450 12,373 12,875 12,309 11,434 14,660 14,132 13,522 12,627 10,864 13,277 13,259 13,605 13,029 12,699 15,509 14,933 14,305 12,880 11,884 14,464 13,812 14,400 13,246 13,588 16,141 15,603 14,941 13,440 12,527 88 19 0 9 1 125 15 1 36 44 67 10 2 17 4 Troup Turner Twiggs Union Upson Walker Walton Ware Warren Washington 846 16 0 102 15 4 335 772 563 455 69 277 868 122 19 0 10 6 350 809 61 0 485 72 293 918 10 3 15 1 13 7 376 865 649 513 11 316 59 . 64 . 57 . 79 . 75 . 69 . 80 . 58 . 80 . 81 . 15,220 12,221 10,331 12,050 12,735 13,223 14,507 12,844 11,333 14,480 15,375 13,995 11,148 12,924 13,344 13,739 15,047 13,672 11,777 15,250 16,243 15,193 11,825 13,430 14,348 14,577 15,923 14,354 12,830 16,392 33 57 14 5 11 2 94 85 39 93 17 3 28 295 28 57 206 1,215 84 154 19 3 239 31 2 32 60 222 1,259 96 11 6 11 4 263 339 33 64 240 1,374 11 0 19 6 18 4 274 55 . 31 . 61 . 84 . 92 . 55 . 45 . 51 . 43 . 13,141 12,410 11,544 15,741 16,723 12,021 14,517 13,600 12,097 13,808 14,171 12,334 16,532 17,177 13,730 15,279 13,759 13,168 14,230 14,825 13,306 17,293 18,531 14,580 15,912 14,415 13,465 95 73 13 2 1 7 1 1 84 40 90 19 1 23,266 18 448 4,818 24,488 19,336 5,152 25,657 20,597 5,060 1,948 18,448 929 1,941 2,087 19,336 1,008 2,056 2,196 20,597 636 2,228 52 . 65 . -37.0 84 . 15,482 5,128 10,355 16,368 5,504 10,865 17,746 6,067 11,679 8 4 15,304 15,773 16,649 . 10.2 17,204 17,801 18,982 7 5 14,511 14,912 15,649 . Ada Adams Bannock Bear Lake Benewah Bingham Blaine Boise Bonner Bonneville 3,961 48 884 67 112 514 314 50 369 1,191 4,259 50 939 70 18 1 534 338 54 41 0 1,273 4,713 53 1,018 77 18 2 566 359 59 41 4 1,369 10.7 59 . 84 . 10.2 91 . 59 . 62 . 90 . 10.1 76 . 19,093 14,840 13,347 11,054 14,040 13,667 22,774 13,999 13,792 16,403 19,739 15,048 14,029 11,530 14,670 13,900 23,588 14,483 14,345 16,943 21,105 15,071 14,854 12,374 15,849 14,278 24,111 14,639 15,238 17,686 Boundary Butte Camas Canyon Caribou Cassia Clark Clearwater , 97 37 12 1,167 96 332 24 19 1 102 36 1 1 1,245 99 332 22 10 3 114 38 12 1,353 107 352 22 17 3 11.3 48 . 96 . 87 . 79 . 62 . . 5 50 . 11,555 12,868 15,808 12,879 13,767 16,930 31,411 14,065 12,214 12,589 14,664 13,326 14,010 16,780 28,720 15,235 13,190 12,846 16,114 14,057 15,029 17,471 27,566 15,774 Scnley Screven Senmole Spalding Stephens Stewart Sumter Talbot Taliaferro Tattnal! Taylor TeiW Wayne . Webster Wheeler White Whitfield Wilcox Wilkes Wilkinson Worth Hawaii Metropolitan portion Nonmetropolitan portion Hawaii Honolulu Kauai Maui + Kalawao Idaho Metropolitan portion Nonmetropolitan portion See footnotes at end of table. 4 8 20,905 21,576 22,200 . 65 22,009 22,744 23,864 . -1.8 17,538 18,090 17,294 16,032 22,009 17,996 19,107 16,520 22,744 18,928 19,551 16,846 23,864 11,721 20,633 1990 1991 1992 1990 1991 1992 54 339 55 358 1.0 5.6 14,527 15,242 12,938 16,382 13,548 17,390 34 9 143 164 181 188 204 230 1,097 433 90 103 141 174 188 193 212 235 1,197 452 93 110 154 189 201 208 226 253 1,325 488 99 6.6 9.2 8.7 7.2 7.4 7.0 8.0 10.8 7.9 6.6 10,637 13,038 13,750 15,571 13,580 12,297 15,121 15,586 14,134 12,989 10,906 12,608 14,178 15,826 13,896 12,471 15,149 16,203 14,527 13,216 11,563 13,698 15,021 16,712 14,625 12,939 16,153 17,110 15,347 13,993 43 33 22 12 27 36 13 11 18 31 Lewis Lincoln , Madison Minidoka Nez Perce Oneida Owyhee Payette Power Shoshone 62 51 230 239 554 40 105 209 133 198 61 46 235 251 578 42 107 220 120 195 62 51 245 258 631 43 109 239 133 200 10.4 4.4 3.0 9.1 3.4 1.5 8.8 10.6 3.1 17,565 15,193 9,692 12,354 16,372 11,505 12,428 12,702 18.784 14,165 17,007 13,797 9,965 12,702 16,836 12,067 12,604 12,996 16,513 13,802 17,122 14,961 10,228 12,807 18,061 12,460 12,712 13,700 17,624 14,694 Teton Twin Falls Valley Washington ,., 40 804 106 106 43 851 115 113 47 896 124 122 8.6 5.3 8.4 7.8 11,667 14,951 17,268 12,320 11,978 15,498 17,446 13.127 12,050 16,006 17,913 14,021 10 23 44 38 4 40 39 32 7 25 42 15 5 30 230,790 202,665 28,125 237,427 208,866 28,561 252,858 221,965 30,893 6.5 6.3 8.2 20,159 20,602 21,129 21,599 15,150 15,402 21,774 22,749 16,646 1,075 120 214 555 72 583 78 267 213 2,835 1,114 124 216 550 74 601 77 267 214 2,889 1,187 136 232 583 82 656 83 292 233 16,265 16,801 11,342 11,749 14,226 14,357 17,922 17,339 12,365 12,578 16,333 16,888 14,574 14,581 15,893 16,078 15,813 15,925 16,382 16,632 17,895 12,838 15,417 17,785 13,876 18,427 15,989 17,542 17,506 17,459 32 100 82 36 96 24 72 38 3,059 6.6 9.1 7.6 5.9 11.0 9.0 7.5 9.1 9.0 5.9 586 227 213 566 776 108,616 308 150 1,267 263 572 232 217 571 797 111,876 323 152 1,293 269 616 254 239 619 861 118,479 347 166 1,384 296 7.6 9.4 10.2 8.4 7.9 5.9 7.6 9.5 7.0 10.3 17,004 14,252 14,735 16,670 15,042 21,273 15,891 14,027 16,183 15,874 16,680 14,670 14,975 16,774 15,460 21,863 16,653 14,123 16,328 16,201 17,986 16,039 16,664 18,068 16,615 23,053 17,810 15,386 17,314 17,836 31 71 59 29 61 3 35 83 45 34 302 21,726 292 109 529 258 256 555 560 104 307 22,549 267 108 527 259 258 555 567 324 24,146 313 114 562 289 284 602 606 112 5.4 7.1 9.2 5.6 6.6 11.5 10.0 8.5 6.9 13.6 15,528 27,656 14,958 14,684 16,643 12,331 18,047 13,780 14,709 15,052 15,791 28,133 14,777 14,680 16,517 12,514 18,451 13,843 14,934 14,489 16,661 29,587 16,225 15,586 17,514 13,93! 20,420 15,091 15,917 16,444 60 1 68 79 39 95 10 86 74 63 201 698 130 339 73 131 857 566 844 179 7.2 11.1 11.9 10.3 5.5 11.4 6.8 10.4 6.1 12.3 12,331 19,195 13,617 14,242 11,969 13,961 15,913 16,336 12,670 14,837 12,358 18,871 13,790 14,389 13,556 14,431 15,730 16,624 13,109 15,073 13,273 20,629 15,528 15,818 14,102 15,756 16,761 18,184 13,848 16,970 81 75 94 76 57 26 97 52 600 321 403 130 7,318 1,728 6.1 6.8 8.9 6.6 7.0 7.2 6.9 8.0 6.4 8.3 14,594 14,434 16,753 10,457 20,561 16,257 19,394 15,450 27,477 15,909 15,295 14,481 16,847 10,627 ,20,962 16,525 19,577 15,778 28,139 16,541 16,212 15,291 18,417 11,147 21,936 17,471 20,515 17,071 29,386 17,842 84 25 102 6 42 9 51 2 33 8.7 7.5 8.6 8.0 9.0 7.7 9.2 16,130 17,048 15,868 14,989 17,332 17,271 15,638 15,776 12,280 12,919 21,594 21,301 18,211 18,607 18,713 16,061 18,608 16,965 14,117 22,099 20,049 22 70 23 53 93 5 12 Franklin Freemont (incl. Ylwstn. Natl. Pk.) Gem , Gooding Idaho , Jefferson Jerome ,. Kootenai ,... Latah Lemhi Illinois Metropolitan portion Nonmetropolitan portion Adams Alexander Bond Boone Brown Bureau Calhoun Carroll Cass Champaign Christian Clark Clay Clinton Coles Cook Crawford Cumberland De Kalb De Witt Douglas Du Page Edgar Edwards Effingham Fayette Ford Franklin Fulton Gallatin , , , 189 624 115 304 62 113 813 503 773 157 116 307 69 117 802 513 795 159 3 20 24 4 1 1 6 28 2 26 1 9 6 Jefferson Jersey Jo Daviess Johnson Kane Kankakee Kendall Knox Lake La Salle 541 297 365 119 6,574 1,570 767 871 14,281 1,704 566 301 370 122 6,843 1,612 792 888 14,936 1,778 35 37 14 29 2 1 8 1 17 Lawrence Lee Livingston 257 547 682 481 433 4,001 2,360 271 518 679 482 451 4,106 2,450 Logan McDonough McHenry McLean 846 959 15,899 1,925 29! 557 738 520 492 4,421 2,675 1991-92 Rank in State Dollars 60 324 Custer Elmore Greene Grundy Hamilton Hancock Hardin Henderson Henry Iroquois Jackson Jasper 3 1 4 2 Percent change 2 Millions of dollars Area name 1992 1991 242 243 90 19 8 325 2,733 590 312 10 3 576 Mitchell Monroe Montgomery Morgan Murray Muscogee Newton Oconee Oglethorpe Paulding Per capita personal income 3 Total personal income Rank in State 1992 April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 1991 1992 1991-92 Dollars 1991 1992 18,004 15,924 17,747 18,254 15,864 17,985 19,134 17,119 18,931 18 50 19 9.8 8.2 9.0 8.1 9.9 7.1 5.7 10.6 6.5 10.5 14,932 16,498 14,582 13,201 17,238 15,239 17,718 14,610 15,801 14,811 15,281 16,754 14,678 13,618 17,248 15,286 17,436 14,908 16,009 14,915 16,785 18,095 15,936 14,604 18,749 16,362 18,040 16,522 17,123 16,347 56 28 73 9 1 2 1 64 30 62 49 66 817 3,606 321 315 255 55 101 127 526 271 7.3 4.3 5.2 9.6 8.2 7.9 11.1 6.9 4.2 10.3 16,274 18,436 14,588 18,484 13,003 11,330 12,002 19,754 14,580 14,398 16,230 18,801 14,276 18,348 13,495 11,560 12,308 20,662 14,607 14,814 17,201 19,647 15,044 19,983 14,675 12,676 13,739 22,129 15,282 16,351 47 15 87 1 3 89 11 0 98 4 85 65 3,020 4,517 441 3,803 110 82 350 111 929 2,365 5.1 6.7 5.7 6.5 9.4 11.1 10.4 12.5 7.6 5.5 18,827 15,653 15,102 19,245 16,133 15,851 19,841 13,288 13,308 13,354 13,170 14,412 14,244 15,899 15,415 17,891 17,930 18,116 17,979 20,151 17,166 16,715 20,968 14,651 14,538 15,732 17,499 19,211 18,820 1 1 48 58 7 90 92 77 4 1 17 20 7.8 7.5 7.6 11.8 9.1 10.7 9.5 7.9 7.7 7.5 13,337 15,153 15,812 14,278 16,244 13,266 15,240 16,214 18,587 14,717 14,001 15,583 15,571 14,008 16,058 14,041 15,513 16,138 18,823 15,364 14,966 16,802 16,879 15,691 17,592 15,580 17,257 17,377 19,824 16,339 55 54 78 37 80 46 44 14 67 5,074 602 6.0 7.0 18,512 17,018 18,625 16,907 19,555 18,100 16 27 96,720 72,650 24,071 103,922 77,819 26,103 7.4 7.1 8.4 16,815 17,606 14,833 17,251 18,366 18,107 19,203 15,098 16,254 467 5,725 1,141 152 200 774 201 304 587 1,367 471 5,865 1,179 138 201 812 21 305 597 1,440 491 6,279 1,309 162 215 880 229 329 651 1,560 4.3 7.1 11.1 17.3 6.6 8.4 8.0 7.9 9.1 8.4 14,969 18,997 17,865 16,097 14,234 20,788 14,218 16,160 15,295 15,581 15,029 19,337 18,183 14,668 14,453 21,560 14,706 15,991 15,541 16,225 15,640 20,583 19,984 16,836 15,352 22,925 15,583 17,01-r 16,901 17,403 Clay Clinton Crawford Daviess Dearborn Decatur De Kalb Delaware Dubois Elkhart 336 473 108 378 600 352 549 1,883 668 2,651 351 482 114 390 629 368 567 1,974 688 2,714 527 124 422 674 406 620 2,112 735 2,955 9.2 8.6 8.2 7.1 10.4 9.3 7.0 6.9 8.9 13,580 14,181 15,228 15,369 10,909 11,483 13,698 14,084 15,374 15,716 14,890 15,384 15,486 15,789 15,741 16,485 18,208 18,469 16,949 17,237 15,377 16,640 12,309 15,175 16,333 16,743 16,941 17,543 19,637 18,547 Fayette Floyd Fountain Franklin Fulton Gibson Grant Greene Hamilton Hancock 389 1,098 251 268 275 500 1,147 418 2,839 825 391 1,156 240 274 277 503 1,186 441 3,007 865 431 1.252 278 295 303 545 1,241 479 3,273 925 10.1 8.3 15.5 8.0 9.4 8.5 4.6 8.5 8.9 7.0 14,968 15,056 16,932 17,443 14,102 13,475 13,137 13,357 14,545 14,639 15,673 15,808 15,463 15,987 13,688 14,220 25,748 25,930 18,053 18,614 16,482 18,628 15,511 14,386 15,850 17,173 16,730 15,238 26,985 19,478 Harrison Hendricks Henry Howard Huntington Jackson Jasper jay Jefferson Jennings 427 1,373 737 1,437 572 544 364 282 399 313 444 1,444 759 1,486 577 560 360 286 416 325 483 1,548 817 1,589 629 618 393 304 454 362 7.2 7.7 6.9 9.1 10.3 9.1 6.0 9.1 11.6 14,269 18,056 15,297 17,757 16,121 14,369 14,529 13,102 13,352 13,216 15,718 19,541 16,817 19,268 17,628 16,003 15,111 13,933 14,936 14,766 2,110 759 4,433 2,252 818 4,795 621 212 238 195 192 263 400 448 575 207 635 214 241 201 194 265 401 456 583 207 232 263 217 213 284 424 504 621 229 Ogle Peoria Perry Piatt Pike Pope Pulaski Putnam Randolph Richland 750 3,375 313 288 228 49 90 113 503 238 761 3,457 305 287 235 50 91 119 505 245 Rock Island St. Clair Saline Sangamon Schuyler Scott Shelby Stark Stephenson 2,798 4,113 400 3,465 100 75 321 104 861 2,245 2,872 4,234 417 3,570 100 73 317 99 864 2,243 235 1,336 207 274 243 228 251 975 6,679 849 247 1,369 204 268 238 239 253 976 6,913 4,694 559 4,786 563 93,415 69,910 23,506 Adams Allen Bartholomew Benton Blackford Boone Brown Carroll Cass Clark Marion Marshall Mason Massac Menard Mercer Monroe Montgomery Morgan Mouitrie Tazewell Union Vermilion Wabash Warren Washington Wayne White Whiteside Will Williamson Winnebago Woodford , Indiana Metropolitan portion Nonmetropolitan portion See footnotes at end of table. 1,472 220 300 260 264 277 1,052 7,444 955 14,565 18,607 15,729 18,155 16,168 14,621 14,123 13,252 13,858 13,465 Area name 1992 1990 4.9 7.7 5.9 2,147 759 4,528 Macon Macoupin Madison Per capita personal income 3 Total personal income Rank in State Percent change 2 Millions of dollars 1990 1991 1992 1991-92 Rank in State Dollars 1990 1991 1992 1,834 661 1,228 404 8,633 1,853 702 2,177 17,521 721 7.9 10.7 7.5 8.6 5.1 6.7 7.3 5.3 7.1 8.3 18,257 14,431 17,085 12,340 16,707 15,683 14,413 15,652 19,554 15,360 18,564 15,020 17,464 12,508 17,138 16,059 15,182 15,732 20,269 15,538 19,648 16,623 18,625 13,341 17,918 17,018 16,177 16,551 21,555 16,708 45 92 72 51 41 33 25 6 1 10 38 12 24 56 74 86 77 78 Martin Miami Monroe Montgomery Morgan Newton Noble Ohio Orange Owen 140 510 1,589 557 875 197 555 68 229 217 148 518 1,678 575 922 188 563 71 237 232 158 540 1,804 639 986 215 618 76 259 253 6.7 4.4 7.5 11.0 7.0 14.3 9.8 7.3 9.6 9.1 13,483 13,829 14,541 16,153 15,569 14,502 14,597 12,729 12,409 12,511 14,225 13,948 15,265 16,579 16,094 13,696 14,705 13,331 12,748 13,118 15,022 14,612 16,239 18,206 16,813 15,510 15,982 14,350 14,006 13,864 Parke Perry Pike Porter Posey Pulaski Putnam Randolph Ripley Rush 212 240 190 2,411 416 196 413 394 378 259 220 248 193 2,505 431 183 434 396 399 265 243 264 205 2,645 478 204 474 410 433 291 10.5 6.4 6.0 5.6 10.9 11.4 9.1 3.4 8.6 10.0 13,789 12,556 15,196 18,632 16,022 15,517 13,558 14,525 15,283 14,260 14,190 13,015 15,596 18,916 16,607 14,381 13,955 14,586 15,894 14,558 15,533 13,956 16,442 19,593 18,316 15,843 14,953 15,141 17,046 15,943 St. Joseph Scott Shelby Spencer Starke Steuben Sullivan Switzerland Tippecanoe Tipton 4,166 265 661 276 262 435 269 89 2,021 273 4,303 283 684 278 259 453 278 97 2,126 280 4,606 313 748 303 266 488 307 105 2,278 298 7.1 10.7 9.3 8.9 11.3 7.9 10.1 7.7 7.2 6.4 16,830 12,610 16,355 14,121 11,461 15,810 14,168 11,445 15,476 16,920 17,297 18,387 13,253 14,528 16,750 18,148 14,199 15,391 11,321 12,790 16,181 17,130 14,692 16,173 12,468 13,140 16,124 17,104 17,368 18,492 Union Vanderburgh Vermillion Vigo Wabash Warren Warrick Washington Wayne Wells 91 3,031 241 1,585 533 117 787 303 1,099 432 92 3,122 256 1,676 541 101 807 308 1,129 436 101 3,356 273 1,804 568 128 855 336 1,204 469 10.6 7.5 6.7 7.6 5.1 26.0 6.0 8.9 6.6 7.4 13,018 18,346 14,371 14,944 15,175 14,273 17,476 12,770 15,264 16,646 13,038 14,229 18,854 20,176 15,433 16,487 15,732 16,836 15,482 16,298 12,421 15,658 17,602 18,346 12,831 13,751 15,673 16,689 16,786 17,985 363 440 358 449 399 481 11.4 7.0 15,587 15,869 15,323 16,021 46,375 21,609 24,766 47,695 22,552 25,143 51,225 24,148 27,077 7.4 7.1 7.7 127 70 199 183 116 345 1,972 425 353 312 125 69 191 190 120 347 2,035 442 359 318 136 74 211 203 127 377 2,175 477 390 339 9.2 8.2 10.3 6.7 6.1 8.6 6.9 8.0 8.5 6.7 15,140 14,940 14,426 14,533 14,426 13,849 13,356 13,868 15,780 16,559 15,390 15,429 15,909 16,252 16,879 17,468 15,440 15,780 14,958 15,199 16,453 15,993 15,273 14,788 17,925 16,615 17,345 18,929 17,086 16,193 Buena Vista Butler Calhoun Carroll Cass Cedar Cerro Gordo Cherokee Chickasaw Clarke 63 4 6 36 70 2 64 32 34 26 649 1,699 598 1,142 372 8,218 1,737 654 2,068 16,352 666 312 235 175 354 237 294 782 229 207 113 319 23: 176 368 242 295 800 233 209 111 342 257 201 398 260 317 838 241 225 120 7.3 8.3 14.4 8.1 7.8 7.3 4.7 3.4 7.6 7.5 15,623 14,920 15,244 16,521 15,682 16,910 16,734 16,205 15,599 13,696 15,966 15,029 15,336 17,234 16,109 16,957 17,041 16,626 15,833 13,482 17,122 16,377 17,647 18,611 17,426 18,041 17,898 17,313 17,056 14,386 Clay Clayton Clinton Crawford Dallas Davis Decatur Delaware Des Moines Dickinson 291 285 807 252 528 113 101 289 710 273 287 27828 262 556 111 101 280 726 276 311 302 891 283 602 119 107 300 765 299 8.5 10.2 7.6 7.9 8.2 7.2 6.1 7.2 5.3 8.2 16,537 14,940 15,806 15,094 17,668 13,584 12,173 16,026 16,641 18,251 16,281 14,537 16,254 15,748 18,336 13,396 12,434 15,407 16,97" 18,171 17,536 16,128 17,409 17,032 19,491 14,401 13,225 16,376 17,846 19,610 1,427 1,47' 1,585 7.7 16,509 16,953 18,172 Johnson Knox Kosciusko Lap/ange Lake La Porte Lawrence Madison Marion Marshall White Whitley Iowa Metropolitan portion Nonmetropolitan portion Adair Adams Allamakee Appanoose Audubon Benton Black Hawk Boone Bremer Buchanan Dubuque 1,618 574 1,117 365 7,962 1,682 619 2,048 15,625 16,745 16,895 16,683 17,096 18,275 17,962 18,564 19,658 15,707 15,963 17,197 1992 April 1994 SURVEY OF CURRENT BUSINESS • 137 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 1992 1991-92 1991 1992 173 316 272 180 121 152 206 175 270 171 316 27: 173 124 158 211 179 286 189 337 288 198 137 181 230 193 306 10.3 6.5 6.0 14.6 10.2 14.5 9.3 8.1 7.1 14,941 14,458 15,965 15,859 14,728 15,127 17,120 15,950 16,832 14,737 14,467 16,174 15,313 15,277 15,812 17,673 16,117 17,831 16,241 15,490 17,077 17,755 16,856 18,094 19,164 17,364 19,022 77 89 53 29 60 20 9 43 10 Hancock Hardin Harrison Henry Howard Humboldt Ida Iowa Jackson Jasper 192 307 206 299 146 169 133 242 292 589 178 308 212 307 146 163 131 254 293 596 201 335 239 330 156 186 146 282 322 12.9 8.8 12.6 7.3 6.6 14.2 11.3 11.3 9.9 6.9 15,204 14,320 16,104 16,286 13,989 14,479 15,512 15,882 14,929 14,806 15,688 15,303 15,963 15,884 16,562 17,247 14,672 14,775 16,910 17,143 16,360 17,877 16,317 16,929 15,802 17,710 17,658 19,222 16,137 18,255 74 27 76 58 87 31 32 7 81 18 Jefferson Johnson Jones Keokuk Kossuth Lee Linn Louisa Lucas Lyon 249 1,652 270 178 289 594 3,192 180 138 170 247 1,730 264 179 263 621 3,310 179 139 174 265 1,836 286 190 315 662 3,534 198 148 185 7.1 6.1 8.3 6.5 19.6 6.6 6.8 10.5 6.2 6.0 15,252 15,096 17,145 17,940 13,886 13,503 15,355 15,408 15,602 14,414 15,371 15,966 18,870 19,396 15,533 15,430 15,182 15,240 14,151 14,629 16,086 18,824 14,495 16,456 17,359 16,986 20,443 17,361 16,318 15,527 83 12 94 70 45 57 2 44 75 88 198 328 498 662 245 192 148 124 190 708 200 331 510 682 256 188 145 129 196 729 217 354 540 709 271 200 164 137 208 7.2 6.0 4.1 5.9 5.9 13.6 5.7 6.0 8.0 15,841 15,958 15,221 15,429 16,608 16,931 17,280 17,894 18,603 19,254 17,562 17,342 14,746 14,563 15,257 15,863 15,770 16,428 17,710 18,006 17,110 16,564 17,910 18,814 20,224 18,510 16,583 16,694 17,623 19,292 51 66 25 13 3 16 64 61 34 6 254 109 270 162 385 144 6.675 1,250 311 73 258 111 277 153 400 144 7,029 1,307 315 72 269 116 299 173 426 163 7,548 1,389 336 80 4.7 8.2 13.0 6.5 12.9 7.4 6.3 6.5 10.4 16,448 16,783 14,937 15,356 15,996 16,478 15,190 14,531 16,465 17,097 15,173 15,410 20,324 21,101 15,109 15,747 16,354 16,637 13,471 13,487 17,485 16,189 18,093 16,554 18,02! 17,617 22,31 16,584 17,720 15,004 21 67 23 35 1 63 30 91 Sac Scott Shelby Sioux Story Tama Taylor Union , Van Buren Wapello 187 2,723 206 436 1,146 271 88 185 98 538 187 2,817 212 462 1,206 269 90 186 99 558 207 2,978 224 492 1,278 286 98 200 109 593 10.9 5.7 5.5 6.6 5.9 6.3 7.9 7.4 10.3 6.3 15,212 17,988 15,599 14,566 15,430 15,573 12,372 14,501 12,734 15,056 15,407 17,174 18,364 19,184 16,017 16,988 15,292 16,219 16,208 17,191 15,501 16,482 12,862 14,006 14,745 16,060 12,782 14,125 15,628 16,580 56 78 48 68 98 85 97 65 Warren Washington Wayne Webster Winnebago Winneshiek Woodbury Worth Wright 574 329 96 617 203 321 1,615 125 222 599 335 95 655 193 320 1,699 117 218 648 350 104 701 218 346 1,853 126 240 15,878 16,771 13,626 16,353 4.6 8.6 7.0 13.2 8.2 9.1 8.0 10.1 43,763 25,786 17,977 45,553 27,203 18,350 48,764 29,126 19,638 7.0 7.1 7.0 198 103 237 94 472 214 165 845 47 57 200 105 243 87 486 227 168 900 44 62 219 126 268 94 501 245 180 975 50 64 9.6 19.9 10.0 7.4 3.2 7.9 7.2 8.4 12.5 1.9 13,543 13,298 14,023 16,014 16,118 14,347 14,805 16,661 15,637 13,097 13,694 14,986 13,543 16,078 14,540 16,059 15,263 16,682 16,651 17,138 15,321 16,612 15,168 16,395 17,358 18,232 15,202 17,203 14,529 14,832 102 82 83 71 60 72 78 40 58 104 279 59 57 149 178 129 49 552 290 59 52 142 166 136 46 564 321 58 52 157 176 151 47 599 10.6 -2.4 .2 13,090 13,559 14,874 18,415 18,309 18,142 23,702 22,131 22,223 16,343 15,710 17,075 16,248 15,378 16,702 15,309 16,196 17,601 21,279 20,692 21,886 14,957 15,442 16,338 103 41 12 63 69 47 14 79 O'Brien Osceola Page , Palo Alto Plymouth Pocahontas Polk Pottawattamie ., Poweshiek Ringgold , Kansas Metropolitan portion Nonmetropolitan portion Alien Anderson Atchison Barber Barton Bourbon Brown Butler Chase Chautauqua , Cherokee Cheyenne Clark Clay Cloud Coffey Comanche Cowley See footnotes at end of table. 10.6 6.5 10.7 2.6 6.1 1533 16,739 15,422 16,396 15,627 15,559 13,617 16,287 16,074 15,396 17,105 14,861 15,447 17,372 17,464 14,993 17,538 18,352 16,460 18,539 16,071 16,891 Area name 1992 1990 Emmet Fayette Floyd Franklin Fremont Greene Grundy Guthrie Hamilton Madison Mahaska Marion Marshall Mills Mitchell Monona Monroe Montgomery Muscatine 1991 Dollars 42 39 92 36 17 69 15 84 59 17,639 18,290 19,387 19,280 20,081 21,197 15,720 16,156 17,207 Per capita personal income3 Total personal income Rank in State Percent change 2 Millions of dollars 1991 1990 1992 Crawford Decatur 520 76 549 75 588 76 Dickinson Doniphan Douglas Edwards Elk Ellis Ellsworth Finney Ford Franklin 279 118 1,175 77 44 419 96 525 435 305 277 131 1,238 78 44 427 94 570 449 316 305 140 1,326 82 48 453 100 624 460 347 Geary Gove Graham Grant Gray Greeley Greenwood Hamilton Harper Harvey 400 79 56 123 94 52 403 70 53 132 98 57 118 70 116 541 468 77 59 146 95 48 125 70 125 572 Haskell Hodgeman Jackson Jefferson Jewell Johnson Kearny Kingman Kiowa Labette 84 39 178 251 88 37 177 256 63 9,696 94 126 66 350 91 37 196 282 71 10,339 96 139 66 363 117 59 124 506 7i 9,143 100 129 65 333 1991-92 Rank in State Dollars 1992 1992 1990 1991 14,641 18,891 15,554 19,230 16,599 19,915 73 22 14,711 14,602 14,302 20,415 13,359 16,157 14,638 15,839 15,849 13,847 14,720 16,160 14,853 21,370 13,916 16,452 14,213 17,030 16,191 14,252 15,903 17,406 15,682 22,711 15,281 17,437 15,499 18,302 16,509 15,567 85 53 91 10 97 51 96 37 75 16.2 13,148 9.4 23,805 12.6 15,824 10.7 16,646 -2.8 17,508 -16.2 29,276 6.1 14,859 -.3 24,557 8.0 17,501 5.7 16,301 13,677 21,335 15,093 17,788 18,205 32,719 15,036 29,968 16,583 17,440 14,224 23,479 17,430 19,138 17,647 28,210 15,986 29,969 18,502 18,430 105 7 52 25 46 2 84 1 32 34 21,740 18,053 15,462 15,737 17,823 25,584 25,040 15,587 17,980 14,102 22,363 16,780 15,395 16,031 15,444 26,509 23,601 15,171 18,654 14,890 22,958 17,346 17,113 17,393 17,546 27,560 24,086 16,904 18,318 15,554 55 61 54 49 3 6 65 36 95 -6.4 21,641 11.0 13,770 14.1 16,826 11.5 13,940 .1 16,410 5.9 14,398 7.8 16,471 11.4 14,082 13.8 17,193 .3 19,690 21,973 14,151 15,838 13,598 16,939 15,546 16,863 14,156 16,993 20,172 20,957 15,558 18,299 15,083 16,518 16,497 18,009 15,872 19,687 20,341 16 94 38 101 74 76 43 86 23 18 8.0 8.7 5.3 10.1 4.4 5.9 6.8 9.2 12.9 9.1 15,669 16,754 16,094 17,498 15,012 16,120 13,597 15,086 17,772 18,516 17,879 19,035 15,763 16,914 18,154 20,320 16,067 18,508 14,660 15,850 68 50 80 100 30 26 64 19 31 87 7.2 1.3 10.2 6.9 7.1 4.0 9.1 6.1 7.0 9.3 2.4 10.1 3.6 .9 10.6 10.0 11.8 6.6 2.8 10.4 -1.0 3.8 Lane Leavenworth .... Lincoln Linn Logan Lyon McPherson Marion Marshall Meade 51 891 61 11 51 500 450 181 200 83 51 940 56 114 52 535 458 181 194 48 1,043 64 127 52 566 493 201 221 Miami Mitchell Montgomery Morris Morton Nemaha Neosho Ness Norton Osage 366 126 571 87 58 179 254 79 96 221 372 115 580 85 61 186 269 72 94 226 402 125 610 94 63 197 287 79 106 246 Osborne Ottawa Pawnee Phillips Pottawatomie ..., Pratt Rawlins Reno Republic Rice 82 86 142 109 237 169 58 1,000 101 171 75 78 145 105 243 178 52 1,038 103 170 87 155 115 265 185 55 1,092 113 176 11.4 16,351 12.1 15,362 6.9 18,856 9.2 16,631 9.4 14,653 3.9 17,552 6.5 17,061 5.2 16,027 10.3 15,653 3.6 16,166 15,363 14,024 19,220 16,332 14,819 18,571 15,414 16,661 16,208 16,424 17,651 15,826 20,377 17,982 15,781 19,264 16,694 17,565 18,442 17,091 45 89 17 44 90 24 70 48 33 62 Riley Rooks Rush Russell Saline Scott Sedgwick Seward Shawnee Sheridan 872 87 61 141 939 116 7,680 303 2,995 53 910 84 56 133 965 127 8,142 352 3,110 60 1,020 94 60 144 1,023 139 8,772 342 3,281 65 12.1 12.6 8.6 8.0 6.0 9.1 7.7 -2.7 5.5 8.3 12,973 14,501 15,897 18,129 19,023 22,025 18,979 16,206 18,563 17,708 14,071 13,994 14,606 17,208 19,313 24,335 19,867 18,863 19,130 20,238 15,204 15,835 16,082 18,920 20,273 26,429 21,053 18,267 20,076 22,052 81 27 20 4 15 39 21 13 Sherman Smith Stafford Stanton Stevens Sumner Thomas Trego Wabaunsee Wallace 124 77 92 60 108 416 143 60 105 30 124 77 94 65 114 416 149 56 104 31 126 85 95 56 115 450 140 60 111 30 1.4 9.7 1.9 -12.6 1.0 8.2 -6.3 8.6 6.6 -2.2 17,883 16,025 17,181 25,658 21,289 16,102 17,230 16,289 15,887 16,742 18,254 18,638 16,329 18,329 18,100 16,819 26,975 24,211 22,480 22,366 16,015 17,246 17,948 16,774 15,512 17,185 16,059 17,269 16,619 16,426 29 35 28 5 11 57 66 59 56 77 Washington Wichita Wilson Woodson Wyandotte 111 69 137 59 2,183 109 63 143 61 2,264 121 63 157 67 2,416 9.7 10.0 6.7 15,753 24,983 13,401 14,377 13,495 15,871 18,090 23,298 22,855 14,262 15,625 15,140 16,771 14,137 15,222 92 67 98 , 15,542 17,563 14,729 13,962 16,814 17,202 14,944 19,670 16,174 14,505 April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 Kentucky Metropolitan portion Nonmetropolitan portion 1992 1991 991-92 Dollars 1990 1991 57,520 32,275 25,244 62,043 34,698 27,345 7.9 7.5 8.3 174 156 216 119 456 109 327 993 282 854 188 165 227 118 489 115 351 1,064 294 207 181 245 133 531 124 378 1,167 313 960 10.2 9.1 7.8 12.6 8.6 7.8 7.6 9.7 6.4 8.6 11,321 10,614 14,726 15,048 13,371 11,238 10,412 17,079 14,669 16,704 12,121 11,272 15,022 14,926 14,279 11,868 11,278 17,523 15,219 17,206 13,248 12,142 15,687 16,946 15,444 12,620 12,248 18,498 16,169 18,730 71 92 32 17 37 82 89 10 26 8 Boyle , Bracken Breathitt Breckinridge Bullitt Butler Caldwell Calloway Campbell Carlisle, 360 96 162 184 609 114 162 427 1,310 77 377 101 168 195 642 121 171 461 1,370 78 408 105 189 213 697 132 182 505 1,455 87 8.4 3.8 11.9 9.2 8.5 9.2 6.1 9.4 6.2 12.2 14,041 12,289 10,333 11,298 12,715 10,162 12,254 13,867 15,592 14,735 14,618 12,782 11,210 11,945 13,013 10,690 13,143 14,948 16,236 14,884 15,733 13,043 12,453 12,932 13,631 11,586 13,989 16,125 17,106 16,685 31 77 84 79 63 98 57 27 15 21 Carroll Carter Casey Christian Clark Clay Clinton , Crittenden Cumberland Daviess 124 256 141 74! 432 198 86 106 66 1,318 134 277 156 799 459 218 95 110 7! 1,398 148 303 171 911 488 243 103 118 77 1,486 9.9 9.3 9.7 14.1 6.3 11.6 7.7 7.4 6.9 6.4 13,387 10,481 9,969 10,783 14,613 9,136 9,416 11,507 9,804 15,103 14,225 11,196 10,965 12,072 15,438 9,937 10,371 11,913 10,669 15,908 15,498 12,124 11,839 13,371 16,209 10,940 11,179 12,774 11,455 16,736 34 93 96 68 25 109 104 80 99 20 97 53 147 4,381 141 503 732 111 63 155 106 57 156 4,590 150 533 778 115 71 161 115 65 168 4,887 166 572 827 129 79 173 8.2 13.2 8.2 6.5 10.5 7.4 6.3 12.7 11.7 7.7 9,356 8,178 10,018 19,361 11,472 11,554 16,704 13,479 11,667 13,325 10,202 8,785 10,442 20,064 12,074 12,145 17,719 14,108 12,849 13,560 11,182 9,918 11,082 21,015 13,187 12,996 18,539 16,072 13,931 14,258 103 118 105 4 75 78 9 28 59 52 220 485 248 127 526 133 1,206 420 244 178 238 555 267 13; 57140 1,308 440 260 193 7.9 14.3 7.5 8.1 9.0 5.8 8.4 4.9 6.9 8.1 12,600 13,518 10,919 11,272 13,795 16,303 12,970 11,146 13,7210,948 13,503 14,423 11,534 12,256 14,330 16,861 13,993 11,476 14,852 11,716 14,076 16,371 12,284 13,237 15,454 17,773 15,482 12,104 15,736 12,455 56 23 88 72 36 12 35 95 Henderson Henry Hickman Hopkins Jackson Jefferson Jessamine Johnson Kenton Knott 20" 455 230 11; 50; 128 1,160 401 223 163 666 174 72 733 103 12,771 43^ 270 2,393 178 683 189 72 747 11 13,415 458 287 2,537 186 746 202 83 778 124 14,416 492 31 2,726 202 9.1 6.9 15.7 4.0 8.8 7.5 7.5 8.6 7.5 8.6 15,446 13,541 12,945 15,90' 8,550 19,196 14,234 11,600 16,828 9,902 15,796 14,325 12,954 16,158 9,425 20,099 14,555 12,267 17,726 10,273 17,021 14,988 15,134 16,798 10,110 21,490 15,219 13,188 18,992 11,059 16 45 43 19 116 2 40 74 7 107 Knox Larue Layrel Lawrence Lee Leslie Letcher Lewis Lincoln Livingston 278 170 526 146 68 133 303 12C 21 13C 302 178 566 155 74 142 319 130 229 134 330 193 615 167 8( 16' 327 142 254 144 9.1 8.6 8.6 7.8 8.4 13.1 2.6 8.9 10.9 7.3 9,366 14,458 12,07 10,446 9,162 9,754 11,213 9,202 10,453 14,338 10,045 15,136 12,779 10,872 9,429 10,442 11,786 10,000 11,280 14,712 10,854 16,229 13,589 11,347 10,135 11,737 12,106 10,843 12,407 15,674 110 24 65 101 115 97 94 111 87 33 29S 74 1,070 122 123 741 11 202 396 153 315 79 1,13$ 14C 121 792 128 21 422 163 35£ 87 1,221 153 134 855 138 234 464 171 13.6 9.0 12 10.0 11.3 8.0 8.2 8.8 9.8 5.3 12,238 11,103 16,979 7.82C 12,758 12,843 8,71 12,27" 14,52] 12,21 12,798 11,66" 18,019 8,842 12,569 13,508 9,658 12,923 15,318 12,79" 14,337 12,145 19,169 9,655 13,913 14,338 10,326 14,089 16,650 13,349 50 91 5 119 60 49 114 55 22 69 234 288 46 269 96 24 302 49 284 104 263 326 53 31 11 9.2 7.9 9.2 9.1 7.5 14,021 11,862 8,933 14,037 10,772 14,336 12,66 9,571 14,757 11,556 15,318 13,465 10,352 15,893 12,42 38 67 113 29 85 Edmonson Elliott Estill Fayette Fleming Floyd Franklin Fulton Gallatin Garrard , , , , Grant Graves Grayson Green Greenup Hancock Hardin Harlan Harrison Hart Logan Lyon McCracken ., McCreary McLean Madison Magoffin Marion Marshall Martin , Mason Meade Menifee Mercer Metcalfe See footnotes at end of table. 14,751 15,483 16,528 17,187 17,957 19,068 12,474 13,165 14,138 30 83 Percent change 2 Millions of dollars Area name 1992 1992 1990 1991 138 250 108 393 417 148 259 120 407 440 157 278 130 426 474 6.4 7.2 8.7 4.7 7.6 12,056 12,766 9,239 12,580 14,019 12,984 13,255 9,671 13,029 14,469 13,735 14,111 9,943 13,719 15,181 Nicholas Ohio Oldham Owen Owsley Pendleton Perrv pike Powell Pulaski 83 243 756 105 40 145 369 923 113 619 92 251 799 115 44 157 385 981 119 666 99 268 835 124 49 168 420 1,035 132 720 7.4 7.0 4.5 8.1 10.6 7.3 9.0 5.4 10.9 8.1 12,375 11,539 22,516 11,583 7,870 11,977 12,165 12,741 9,677 12,473 13,661 11,840 22,713 12,385 8,665 12,608 12,499 13,426 10,183 13,212 14,530 12,678 22,891 13,296 9,466 13,222 13,515 14,105 11,060 13,978 Robertson Rockcastle Rowan Russell Scott Shelby Simpson Spencer Taylor Todd 23 148 201 173 385 423 200 91 270 131 25 161 221 182 418 450 211 99 286 135 26 171 235 200 460 491 233 108 318 162 6.9 5.9 6.1 10.1 10.1 9.1 10.4 8.7 11.0 19.5 10,829 9,947 9,814 11,726 16,094 16,951 13,228 13,229 12,727 11,962 11,490 10,751 10,704 12,149 17,041 17,709 13,721 14,282 13,397 12,382 12,203 11,359 11,208 13,143 18,177 18,996 15,021 15,309 14,579 14,645 Trigg Trimble Union Warren Washington Wayne Webster Whitley Wolfe Woodford 134 74 249 1,165 137 158 212 368 57 411 141 80 257 1,239 147 174 21 393 66 424 155 85 275 1,357 159 192 234 423 76 442 6.9 7.3 9.5 8.2 10.3 9.6 7.5 15.3 4.3 12,899 12,033 15,065 15,156 13,074 9,023 15,201 11,025 8,854 20,538 13,492 12,906 15,700 15,943 14,015 9,834 15,475 11,750 9,721 20,757 14,271 13,608 16,877 17,196 15,137 10,671 17,152 12,421 10,946 21.219 60,228 48,264 11,964 64,083 51,215 12,868 68,167 54,419 13,748 6.4 6.3 6.8 Acadia Allen Ascension Assumption Avoyelles Beauregard Bienviile Bossier Caddo Calcasieu 628 196 848 260 384 390 179 1,183 3,903 2,409 669 216 923 275 402 414 195 1,266 4,134 2,626 710 232 1,016 287 442 440 209 1,353 4,433 2,768 6.1 7.3 10.0 4.5 10.1 6.2 7.6 6.8 7.2 5.4 11,265 9,238 14,509 11,438 9,81 12,962 11,211 13,781 15,769 14,322 11,911 9,884 15,523 12,133 10,309 13,461 12,265 14,718 16,824 15,438 12,602 10,236 16,664 12,708 11,311 14,146 13,294 15,644 17,996 16,137 Caldwell Cameron Catahoula Claiborne Concordia De Soto East Baton Rouge East Carroll East Feliciana Evangeline 110 111 11 188 230 292 6,440 88 225 342 112 113 122 199 243 306 6,825 11 238 373 124 118 141 212 261 339 7,362 109 255 403 10.5 4.6 15.5 6.7 7.4 10.9 7.9 -6.6 7.1 8.0 11,191 12,056 10,344 10,831 11,048 11,547 16,913 9,106 11,743 10,272 11,542 12,195 11,015 11,506 11,723 12,222 17,698 12,375 12,156 11,143 12,697 12,922 12,727 12,291 12,478 13,528 18,798 11,432 12,864 11,939 Franklin Grant Iberia Iberville Jackson Jefferson Jefferson Davis Lafayette Lafourche La Salle 222 187 893 38: 186 7,626 332 2,675 1,053 16 252 193 963 410 200 7,986 358 2,846 1,121 168 269 206 1,015 449 211 8,395 373 2,996 1,166 183 6.7 6.4 5.3 9.5 5.5 5.1 4.3 5.3 4.1 8.3 9,912 10,695 13,075 12,472 11,862 17,011 10,826 16,193 12,275 11,787 11,376 11,021 13,963 13,207 12,916 17,617 11,579 16,881 12,983 12,303 12,125 11,690 14,5714,435 13,606 18,340 12,035 17,489 13,447 13,309 Lincoln Livingston Madison Morehouse Natchitoches Orleans Ouachita Plaquemines Points Coupee Rapides 518 87114 369 398 8,188 1,94364 274 1,838 580 946 139 415 422 8,70 2,055 385 279 1,900 625 1,042 151 444 459 9,284 2,200 395 318 1,983 7.8 10.2 8.6 7.0 8.7 6.7 7.0 2.6 14.1 4.4 12.401 12,343 9,212 11,568 10,910 16,54 13,655 14,257 12,195 13,969 13,845 13,0911,419 13,0911,497 17,726 14,368 15,037 12,370 14,420 14,710 14,094 12,42^ 13,929 12,513 18,962 15,181 15,25 14,036 15,186 106 233 253 881 682 88 276 548 94" 10: 273 274 939 733 94 281 568 999 122 274 293 994 777 106 294 599 1,082 13.8 .5 6.9 5.9 6.0 12.9 4.4 5.3 8.3 11,352 11,320 11,245 13,209 16,046 8,936 13,250 13,677 11,81" 11,699 13,386 12,184 14,070 16,853 9,482 13,556 13,994 12,400 13,200 13,472 12,756 14,833 17,509 10.71T 14,152 14,54 13,346 1991 1990 :.::.. Louisiana Metropolitan portion Nonmetropolitan portion Red River Richland Sabine St. Bernard St. Charles St. Helena St. James St. John the Baptist ... St. Landry 1992 991-92 Rank in State Dollars Monroe Montgomery Morgan Muhlenberg Nelson 1992 1992 54,454 30,654 23,800 Adair Allen Anderson Ballard Barren Bath Bell , Boone , Bourbon Boyd Per capita personal income 3 Total personal income Rank in State 14,279 15,100 15,931 15,279 16,098 16,953 11,295 12,112 12,862 April 1994 SURVEY OF CURRENT BUSINESS • 139 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Fotal personal income Percent change 2 Millions of dollars 1990 454 St. Martin 1991-92 495 2.3 735 706 2,472 2,662 1,053 2,825 1,160 92 85 1,223 1,300 1,331 2.4 254 592 659 476 534 263 602 738 499 572 293 633 782 549 599 11.3 276 113 107 185 291 129 115 190 322 135 129 206 10.7 20,981 9,149 11S832 21,378 9,293 12,084 22,456 9,753 12,703 1,729 1,194 5,115 .... 1,757 1,223 5,166 1,836 1,277 5,420 968 83 West Baton Rouge West Carroll West Feliciana Winn Maine Metropolitan portion Nonmetropolitan portion Androscoggin Aroostook Cumberland , Franklin , Hancock Kennebec Knox Lincoln Oxford Penobscot 1990 1991 10,309 10,956 11,111 1992 8.6 14,228 9,335 8,261 11,380 14,849 10,675 8,894 11,898 16,267 11,228 9,863 12,734 9 60 64 41 5.0 5.0 5.1 17,041 18,445 16,093 17,294 18,716 16,340 18,163 19,719 17,126 4.5 4.4 4.9 5.5 4.9 4.8 4.8 5.6 4.9 5.4 16,412 16,784 13,724 14,005 20,993 21,116 14,291 14,460 17,714 18,208 17,560 17,832 17,459 17,829 18,866 18,920 14,267 14,535 15,678 16,100 17,677 14,661 22,178 15.167 18,968 18,680 18,621 19,913 15,228 17,063 8 13 1 11 3 5 7 2 10 9 13,125 17,877 13,741 13,753 13,051 17,743 13,489 14,138 18,012 18,848 14,157 15,090 13,795 14,507 13,682 14,244 17,811 18,658 16 4 12 14 15 6 4.1 12.5 416 835 Allegany Anne Arundei Baltimore Calvert Caroline Carroil Cecil Charles Dorchester Frederick , 2,370 2,498 252 615 715 465 488 265 640 766 495 511 2,953 3,109 5.1 4.0 7.1 6.4 4.8 5,3 105,985 100,104 5,881 Maryland Metropolitan portion Nonmetropolitan portion 685 609 801 246 603 687 456 462 , 653 577 764 2,929 ,., 446 910 2,188 2,305 , 423 867 2,088 635 574 752 , 109,400 103,275 6,125 114,414 108,011 6,403 4.6 4.6 4.6 22,088 22,494 23,268 22,473 22,880 23,669 17,102 17,516 18,095 1,122 9,331 16,391 1,066 1,155 9,536 16,841 1,093 1,200 9,929 17,483 1,160 3.9 4.1 3.8 6.1 4.4 4.9 4.0 5.5 4.9 6.8 14,986 21,759 23,616 20,521 14,425 20,528 17,414 19,190 15,811 19,489 15,437 21,936 24,034 20,031 14,586 20,720 17,593 19,438 16,189 19,385 16,102 22,492 24,794 20,289 14,942 21,228 17,910 20,147 16,945 20,122 21 5 4 10 22 9 16 12 19 13 5.1 3.7 4.9 4.3 4.7 5.0 4.2 5.6 3.0 3.9 13,514 19,464 26,799 19,611 31,800 20,326 21,167 16,301 12,377 25,360 13,640 19,461 26,832 19,668 32,583 20,532 21,095 16,874 12,976 25,835 14,183 19,562 27,439 20,216 33,614 21,373 21,690 17,560 13,279 26,779 23 15 2 11 1 7 6 18 24 3 16,037 16.281 16,846 16,537 17,089 17,610 20,771 20,870 21,290 17,870 18,665 19,682 20 17 8 14 391 399 417 2,549 1,251 1,954 , 2,640 1,291 2,025 2,769 1,343 2,137 478 512 3,010 3,214 381 392 412 3,576 5,074 3,687 5,227 3,824 5,486 350 356 371 24,150 14,881 Garrett Harford Howard Kent Montgomery Prince Georges Queen Annes St. Marys Somerset Talbot 488 2,949 25,076 15,286 26,254 16,043 722 732 763 1,246 1,324 1,398 290 777 304 805 313 836 1,954 1,235 2,014 1,298 2,114 1,350 1991 Baraga Barry Bay. Benzie 491 286 218 106 859 2,011 205 5.7 6.3 3.7 3.7 5.1 5.0 5.9 14,450 14,241 13,367 12,060 15,351 16,417 14,827 15,074 15,852 14,432 15,118 13,635 13,921 12,820 13,576 16,181 16,785 17,140 17,936 15,622 16,266 Berrien Branch Calhoun Cass Charlevoix Cheboygan Chippewa Clare Clinton Crawford 2,579 576 2,205 711 332 288 394 299 919 144 2,670 604 2,329 730 353 301 416 319 963 153 2,836 621 2,475 783 374 315 445 341 1,013 161 2.8 6.3 7.1 5.9 4.5 6.9 6.9 5.2 5.8 15,985 13,847 16,176 14,373 15,369 13.435 11,347 11,933 15,808 11,681 16,553 14,472 16,939 14,816 16.117 14,075 11,800 12,349 16,323 12,084 Delta Dickinson Eaton Emmet Genesee Gladwin Gogebic Grand Traverse Gratiot Hillsdale 540 450 1,588 465 7,245 272 233 1,096 550 568 435 1,674 492 7,698 286 254 1,180 575 617 462 1,764 516 7,893 305 263 1,271 610 670 6.0 6.3 5.3 4.9 2.5 6.8 3.5 7.7 6.0 8.5 14,270 14,905 15,751 16,728 16,156 17,118 17,044 17,723 18,515 18,491 19,143 19,799 16,809 17,798 18,208 12,336 12,658 13,271 12,929 14,178 14,715 16,983 17,942 18,884 14,089 14,596 15,456 13,929 14,023 15,083 Houghton Huron Ingham Ionia losco Iron Isabella Jackson Kalamazoo Kalkaska 449 545 4,815 737 40S 176 74' 2,340 4,191 162 478 570 5,019 771 432 178 789 2,403 4,396 179 495 596 5,255 808 429 185 822 2,523 4,628 189 3.6 4.6 4.7 4.9 -.7 3.9 4.2 5,0 5.3 5.6 12,642 13,472 13,808 15,599 16,252 17,032 17,062 17,789 18,646 12,901 13,366 13,940 13,521 13,990 14,191 13,377 13,684 14,105 13,522 14,314 14,622 15,586 15,893 16,628 18,737 19,608 20.511 12,001 12,845 13,457 9,185 25 93 1,247 291 1,458 2,326 90 158 14,530 9,692 26 103 1,296 307 1,530 2,397 99 169 15,101 10,249 27 110 1,333 331 1,622 2,550 91 179 15,963 5.7 4.7 7.1 2.8 7.7 6.0 6.4 -7.4 6.1 5.7 18,285 14,577 10,831 16,589 17,601 15,883 19,950 15,561 14,818 20,223 19,074 15,615 11,653 16,859 18,327 16,373 20,047 17,185 15,736 20,868 299 992 363 420 359 1,589 152 2,231 662 101 323 1,074 382 447 376 1,628 160 2,296 684 107 342 1,127 409 477 402 1,748 172 2,441 738 115 5.8 4.9 7.1 6.8 6.8 7.4 7.4 6.3 7.8 7.5 14,098 13,979 14,174 11,217 14,421 20,918 12,440 16,658 12,426 11,276 15,074 15,581 15,104 15,779 14,731 15,487 11,649 12,371 15,255 16,339 21,197 22,421 12,846 13,496 17,957 12,519 13,303 11,780 12,340 2,299 502 29,518 311 209 122 242 80 270 3,424 2,412 536 30,086 329 226 128 257 88 280 3,564 2,542 570 32,072 349 237 132 285 94 299 3,853 5.4 6.5 6.6 5.9 5.0 3.1 10.9 6.2 6.8 8.1 14,427 13,072 27,168 13,799 11,108 13,763 11,984 10,227 14,939 18,115 15,005 15,691 13,627 13,992 27,312 28,671 14,432 15,185 11,717 12,086 14,493 15,090 12,617 13,821 11,024 11,406 15,040 15.641 18,416 19,531 2.7 5.8 4.0 5.4 7.4 5.5 Arenac 53 4 36 48 32 24 46 52 39 19 5.2 5.9 9.9 4.8 1990 465 269 210 103 818 1,916 194 Alpena Antrim 12,161 18,089 13,188 12,511 13,339 14,064 12,570 12.213 12,773 14,459 6.1 1991 Rank in State Dollars 443 260 200 96 769 1,835 181 1990 61 12,018 12,631 17,024 17,685 11,293 12,161 11,838 13,314 12,596 13,191 12,291 12,765 11,843 12,019 10,610 11,548 11,030 11,698 12,732 13,789 -4.0 10.2 -7.5 Percent change 2 Millions of dollars 1992 2,042 Piscataquis Sagadahoc Somerset Waldo Washington York , , , Kent Keweenaw Lake Lapeer Leelanau Lenawee Livingston Luce , Mackinac Macomb Manistee Marquette , Mason Mecosta Menominee , Midland Missaukee Monroe Montcalm Montmorency Muskegon Newaygo Oakland Oceana Ogemaw Ontonagon Osceola Oscoda Otsego Ottawa 1992 1991-92 1992 1992 17,566 14,833 17,888 15,934 16,819 14,454 12,490 12,924 17,054 12,447 20,018 16,076 12,201 16,971 19,129 17,231 20,786 16,297 16,654 21,920 732 Barnstable Berkshire Bristol Dukes Essex Franklin Hampden Hampshire Middlesex Nantucket 794 13,662 14,291 133,890 132,212 1,678 Massachusetts Metropolitan portion Nonmetropolitan portion 760 13,133 , 5.0 4.0 4.5 4.6 136,210 134,485 1,726 141,884 140,099 1,785 4.2 4.2 3.4 22,248 22,719 23,676 22,295 22,766 23,728 19,083 19,600 20,213 4,155 2,693 8,843 Washington Wicomico Worcester Baltimore City 4,282 2,835 9,005 4,459 2,904 9,360 22,203 19,335 17,446 22,559 21,725 17,561 18,758 17,530 25,870 30,092 23,592 21,226 18,477 23,695 23,233 18,501 19,593 17,943 27,510 32,828 6 8 13 5 7 12 11 14 3 1 Presque Isle Roscommon Saginaw St. Clair St. Joseph Sanilac '. Schoolcraft Shiawassee Tuscola Van Buren 183 264 3,399 2,477 869 569 110 1,057 792 978 190 281 3,531 2.563 902 583 119 1,096 832 1,032 195 297 3,673 2,701 969 615 121 1,141 867 1,097 2 9 4 10 Washtenaw Wayne Wexford 6,281 37,445 358 6,386 37,452 374 6,747 39,380 405 22,138 22,309 23,427 17,756 17,811 18,787 13,536 14,012 14,955 82,388 62,023 20,365 85,314 64,467 20,847 91,611 69,284 22,326 18,784 19,276 20,503 20,531 21,080 22,377 14,918 15,243 16,274 157 4,139 371 165 4,303 379 173 4,639 400 181 194 205 4.1 2.4 3.9 3.7 4.5 3.0 2.4 2.7 4.4 5.7 16,513 8,590 15,980 13,563 16,775 8,636 16,294 13,785 17,555 9,037 17,014 14,339 4.6 4.6 4.4 4.0 26,785 27,200 28,270 19,698 19,738 20,554 24,146 25,102 26,618 19,091 19,474 20,248 169,808 147,504 22,304 175,001 151,533 23,468 184,765 159,974 24,791 5.6 5.6 5.6 18,239 18,667 19,586 19,134 19,536 20,513 13,929 14,502 15,164 128 108 137 116 143 123 1,401 1,498 1,605 4.6 6.4 7.2 12,642 11,999 15,402 263 , , , See footnotes at end of table. 271 281 14,568 1,234 8,563 2,573 36,171 , Michigan Metropolitan portion Nonmetropolitan portion Alcona Alger Allegan 1992 484 698 St. Mary St. Tammany Tangipahoa Tensas Terrebonne Union Vermilion Vernon Washington Webster Norfolk Plymouth Suffolk Worcester 1991 Dollars Per capita personal income3 Total personal income Rank in State 14,897 1,261 8,647 2,576 36,753 15,566 1,299 8,859 2,646 38,361 22,834 20,567 17,774 23,126 22,262 17,962 19,031 17,496 26,377 31,595 13,367 12,459 16.291 13,952 13,147 17,244 Minnesota Metropolitan portion Nonmetropolitan portion 65 75 22 Aitkin Anoka Becker 13,319 13,718 13,238 13,759 16,032 16,620 16,927 17,244 14,748 15,261 14,226 14,468 13,268 14,384 15,125 .15,580 14,257 14,923 13,909 14,488 12,614 16,872 13,297 13,199 17,046 13.459 14,052 14,238 17,284 17,994 16,315 15,069 14,328 16,106 15,452 15,164 13,684 17,913 14,085 140 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 1 personal income Fotal Percent change2 Millions of dollars Area name 1990 1991 1992 Dollars 1991-92 1990 1991 1992 437 435 92 828 439 396 979 467 445 96 853 454 419 1,005 496 41 8 100 928 485 453 1,108 63 . 82 . 45 . 88 . 68 . 83 . 10.3 12,674 14,315 14,761 15,298 16,261 13,516 20,238 13,251 14,338 15,555 15,736 16,904 14,213 20,033 13,824 15,269 16,789 17,209 18,026 15,299 21,322 7 9 68 43 29 20 65 7 279 216 469 696 92 64 16 9 650 5,833 21 5 295 213 485 709 98 69 192 688 6,098 254 31 2 21 2 518 780 104 74 204 739 6,645 21 7 90 . 37 . 68 . 10.0 57 . 83 . 63 . 74 . 90 . 69 . 12,737 16,380 15,267 13,791 11,109 16,611 15,466 14,625 20,995 15,848 13,286 16,258 15,441 14,008 11,979 17,325 15,507 15,170 21,275 15,885 14,058 17,073 16,012 15,277 12,726 18,242 16,496 15,913 22,445 16,749 78 33 54 67 87 17 46 57 3 44 404 21 7 306 508 675 97 25,577 292 187 385 419 262 312 508 707 100 26,348 292 198 400 449 285 315 542 770 114 28,322 310 21 1 430 72 . 86 . . 8 68 . 88 . 14.1 75 . 60 . 64 . 75 . 14,087 16,058 14,720 15,381 16,553 15,504 24,738 15,759 12,537 14,820 14,443 15,813 15,203 15,549 17,249 16,187 25,377 15,779 13,028 15,148 15,397 17,308 15,336 16,723 18,729 18,765 27,197 16,479 13,648 16,132 63 28 64 45 1 1 10 1 47 8 1 53 Itasca Jackson Kanabec Kandiyohi Kittson Koochiching Lac Qui ?arle Lake Lake of the Woods Le Sueur 550 187 164 605 11 1 230 19 3 17 3 59 364 51 8 177 172 632 92 228 19 3 147 62 370 609 184 185 663 13 2 240 16 4 16 5 66 400 49 . 36 . 77 . 49 . 34.2 52 . 48 . 61 . 61 . 83 . 13,424 16,022 12,789 15,597 19,286 13,981 15,656 13,141 14,484 15,678 14,119 15,247 13,375 16,175 16,164 14,070 15,958 14,096 14,683 15,815 14,690 15,871 14,264 16,824 21,991 14,858 16,886 14,781 15,292 17,018 72 59 75 4 1 4 70 38 7 1 66 36 Lincoln Lyon McLeod Mahnomen Marshall Martin Meeker Mille Lacs Morrison Mower 98 396 517 6 1 164 390 310 255 366 623 11 0 422 537 57 19 3 374 317 263 372 61 6 11 0 455 586 65 184 409 330 282 398 695 -8.2 77 . 92 . 12.8 32.0 93 . 39 . 71 . 70 . 51 . 14,292 15,999 16,088 12,197 14,998 16,996 14,852 13,658 12,334 16,670 15,023 17,178 16,664 11,441 12,884 16,430 15,151 13,833 12,564 17,697 14,956 18,547 18,098 12,852 17,188 18,121 15,879 14,635 13,417 18,695 69 1 4 1 9 86 3 1 1 8 58 Murray Nicollet Nobles Norman Olmsted Otter Taii Pennington Pine Pipestone Polk 10 5 432 342 17 3 2,131 724 197 252 157 505 152 445 349 11 2 2,250 746 200 266 16 6 489 162 487 357 144 2,386 795 219 286 16 6 555 66 . 94 . 21 . 18.7 61 . 96 . 75 . . 2 13.5 15,604 15,363 17,029 17,281 19,923 14J271 14,824 11,800 15,006 15,545 15,820 15,721 17,438 15,485 20,617 14,600 14,977 12,374 15,962 15,138 16,828 17,038 17,726 18,662 21,595 15,477 16,475 13,083 16,004 17,164 40 35 22 1 3 5 6 1 48 85 55 32 Pope Ramsey Red Lake Redwood Renville Rice Rock Roseau St. Louis Scott 13 4 9,995 57 283 287 749 175 21 4 3,094 1,059 142 10,561 54 282 294 780 16 7 232 3,257 1,116 16 5 11,242 62 31 0 306 827 11 8 263 3,459 1,224 96 . 64 . 15.0 66 . 39 . 61 . 30 . 13.5 62 . 97 . 13,247 20,576 12,614 16,493 16,286 15,180 17,899 15,997 15,590 18,182 13,277 21,766 12,215 16,519 16,793 15,627 18,023 15,063 16,409 18,536 14,518 23,129 14,245 17,698 17,616 16,426 18,464 16,930 17,426 19,657 74 2 76 23 24 49 15 37 27 9 Sherburne Sibley Stearns Steele Stevens Traverse Wabasha Wadena 630 21 1 1,721 527 16 6 16 5 283 82 322 155 665 209 1,818 539 19 6 19 5 21 9 8 1 328 19 5 718 21 2 1,961 573 180 165 31 1 94 350 170 80 . 56 . 78 . 64 . 60 . 39 . 70 . 15.8 69 . 70 . 14,873 14,734 14,448 17,102 15,670 14,574 12,121 18,406 16,285 11,831 15,136 14,662 15,124 17,430 16,061 15,081 12,496 18,621 16,482 12,284 15,647 15,474 16,178 18,414 17,192 15,935 13,361 21,408 17,541 13,278 60 62 52 1 6 30 56 83 6 25 84 Waseca Washington Watonwan Wilkin Winona Wright Yellow Medicine 282 2,994 183 19 0 740 1,089 19 7 286 3,087 175 110 71 6 1,138 182 296 3,288 197 19 2 805 1,218 18 8 35 . 65 . 12.9 18.0 58 . 70 . 31 . 15,597 20,357 15,606 14,548 15,480 15,771 15,342 15,685 20,253 15,020 14,772 15,918 16,084 15,756 16,393 20,758 17,065 17,513 16,850 16,822 16,318 50 8 34 26 39 42 5 1 32,398 34,265 36,827 Beltrami Benton Big Stone Blue Earth Brown Carlton Carver Cass Chippewa Chisago Clay Clearwater Cook Cottonwood Crow Wing Dakota Dodge Douglas Faribault Fillmore Freeborn Goodhue Grant Hennepin Houston Hubbard Isanti Swift Todd Mississippi See footnotes at end of table. 66 . 75 12,578 13,218 14,082 . Area name 1992 7 3 8 2 12 Per capita personal income 3 Total personal income Rank in State Millions of dollars 1990 Metropolitan portion Nonmetropolitan portion Adams Alcorn Amite Attala Benton Bolivar Calhoun Carroll Chickasaw Choctaw Claiborne Clarke Clay Coahoma Copiah Covington De Soto Forrest Franklin George Greene Grenada Hancock Harrison Hinds Holmes Humphreys Issaquena Itawamba Jackson Percent change 2 1991 1992 11,328 21,070 11,995 22,269 12,865 23,962 449 411 122 199 74 437 166 93 210 90 458 434 129 213 78 497 174 98 223 92 497 476 138 225 85 535 192 106 241 103 201 256 361 280 173 1,087 883 82 175 105 213 269 401 291 183 1,139 920 86 185 115 223 286 425 318 201 1,227 977 93 202 95 264 397 101 285 423 2,299 4,200 210 156 27 248 2,192 3,994 191 148 22 236 1,566 1991-92 7.3 7.6 1990 1991 14,573 11,716 15,223 16,023 12,343 13,222 8.5 12,726 9.7 12,939 6.8 9,218 5.2 10,776 8.8 9,230 7.6 10,444 9.9 11,118 8.7 10,052 8.1 11,600 7.4 9,906 1992 12,973 13,494 9,660 11,527 9,820 11,960 11,789 10,488 12,320 10,096 14,306 14,622 10,290 12,215 10,617 12,795 12,911 11,420 13,367 10,879 9.5 5.0 6.2 6.0 9.4 10.0 7.7 6.1 7.8 9.1 9,027 9,166 11,634 12,306 12,097 12,614 11,432 12,716 10,133 10,520 10,447 11,097 15,846 15,943 12,916 13,372 9,816 10,491 10,448 10,885 9,946 12,901 13,364 13,426 11,427 12,190 16,572 13,981 11,382 11,748 113 303 451 2,474 4,459 209 156 26 274 1,851 11.2 6.6 6.7 7.6 6.2 -.4 -.1 -5.9 10.6 9.0 9,260 12,243 12,456 13,258 15,700 8,850 12,239 11,676 11,765 13,597 10,522 13,835 13,549 14,584 17,515 9,805 13,061 13,731 13,609 15,298 10,245 11,139 11,980 7,949 9,435 8,298 9,440 9,811 10,429 12,621 13,487 14,578 10,048 10,779 11,760 11,599 12,269 13,135 12,362 12,864 13,645 14,400 15,126 15,980 10,678 11,234 12,387 10,850 11,889 13,027 Jasper Jefferson Jefferson Davis Jones Kemper Lafayette Lamar Lauderdale Lawrence Leake 175 68 132 782 104 370 377 1,087 133 201 70 136 835 111 394 397 1,146 140 219 206 80 145 905 120 423 425 1,219 153 241 8.9 14.5 6.3 8.4 7.8 7.6 7.1 6.4 9.8 9.6 Lee Leflore Lincoln Lowndes Madison Marion Marshall Monroe Montgomery Neshoba 1,007 469 355 836 798 271 325 427 129 283 1,061 503 374 844 855 281 336 441 137 305 1,164 540 398 891 919 302 365 475 149 332 9.7 7.3 6.5 5.6 7.5 7.6 8.5 7.6 8.1 8.9 248 117 427 329 422 101 400 263 246 104 258 121 447 349 442 103 428 275 260 108 280 138 473 379 472 115 460 30I 283 12! Rankin Scott Sharkey Simpson Smith Stone Sunflower Tallahatchie Tate Tippah 1,294 285 77 273 173 126 345 141 268 222 1,382 310 83 292 184 136 380 150 281 233 Tishomingo Tunica Union Walthall Warren Washington Wayne Webster Wilkinson Winston 192 82 27: 130 698 788 209 113 87 220 Yalobusha Yazoo 148 315 Newton Noxubee Oktibbeha Panola Pearl River Perry Pike Pontotoc Prentiss Quitman Rank in State Dollars 15,286 12,567 11,713 14,034 14,704 10,598 10,682 11,659 10,371 11,391 13,059 13,025 13,821 16,492 9,776 13,080 14,430 12,363 14,427 15,783 13,431 12,297 14,053 15,325 11,081 10,802 12,010 11,201 12,186 17,015 14,411 12,925 14,757 15,780 11,886 11,634 12,941 12,150 13,080 8.5 14.5 5.9 8.6 6.9 11.7 7.6 10.9 8.6 15.6 12,201 12,575 9,273 9,647 11,112 11,688 10,934 11,433 10,864 11,239 9,342 9,342 10,861 11,631 12,194 11,785 10,572 11,110 9,989 10,477 13,581 11,058 12,319 12,194 11,848 10,33: 12,436 13,293 12,085 12,431 1,48! 357 82 327 200 146 398 164 300 250 7.4 15.1 -1.5 11.8 8.4 7.4 4.8 9.5 6.7 7.6 14,755 11,763 10,874 11,365 11,698 11,661 10,500 9,272 12,477 11,327 15,417 12,845 11,848 12,144 12,518 12,39! 11,335 9,947 12,988 11,953 16,106 14,630 11,730 13,531 13,523 12,946 11,780 11,105 13,733 12,686 202 84 287 138 732 855 219 119 92 223 221 96 314 150 784 881 242 128 101 234 9.4 14.2 9.6 8.7 7.1 2.9 10.5 7.8 10.2 4.7 10,820 10,069 12,301 9,029 14,594 11,617 10,689 11,110 8,998 11,333 11,320 10,399 12,868 9,575 15,323 12,686 11,158 11,621 9,646 11,397 12,33; 11,885 14,007 10,445 16,346 13,203 12,421 12,499 10,734 11,98: 152 332 16; 344 9.5 3.7 12,266 12,384 12,646 13,013 13,788 13,539 1992 April 1994 SURVEY OF CURRENT BUSINESS • 141 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 Dollars 1990 1991 1992 1992 67,681 21,564 93,442 70,812 22,631 98,470 74,411 24,058 5.4 5.1 6.3 Adair Andrew Atchison Audrain Barry Barton Bates Benton Bollinger Boone 306 213 111 352 360 152 201 160 115 1,834 327 219 115 364 384 157 201 170 121 1,969 350 228 124 383 401 176 226 179 129 2,105 7.0 4.3 7.3 5.3 4.3 12.0 12.3 5.5 6.6 6.9 12,456 14,514 14,938 14,912 13,015 13,438 13,394 11,447 10,821 16,269 14,344 15,387 17,252 16,394 13,989 15,313 15,032 12,400 12,057 18,004 43 11 21 71 45 54 99 103 9 Buchanan Butler Caldwell Callaway Camden Cape Girardeau Carroll Carter Cass Cedar 1,309 506 102 480 414 982 152 61 1,029 147 1,370 549 105 503 432 1,035 153 66 1,055 151 1,423 593 115 528 463 1,107 171 70 1,135 158 3.9 8.0 9.3 4.9 7.0 7.0 11.4 5.3 7.6 4.6 15,755 16,530 17,116 13,020 13,972 15,007 12,219 12,610 13,731 14,607 15,086 15,658 15,001 15,341 15,981 15,900 16,599 17,482 14,160 14,495 16,149 11,014 11,663 12,207 16,026 15,988 16,818 12,157 12,563 13,148 12 56 79 37 27 10 26 101 15 93 Chariton Christian Clark Clay Clinton Cole Cooper Crawford Dade Dallas 131 459 83 2,853 250 1,081 203 245 94 147 137 497 87 2,936 256 1,129 218 254 97 152 144 539 98 3,132 271 1,198 233 275 107 162 4.9 8.6 13.0 6.7 5.6 6.1 6.9 8.0 9.8 6.6 14,246 15,100 16,169 13,893 14,320 14,926 11,105 11,573 13,043 18,502 18,716 19,691 14,982 15,231 15,944 16,959 17,440 18,314 13,687 14,702 15,573 12,728 12,947 13,844 12,650 13,080 14,272 11,589 11,668 12,263 25 58 94 5 28 7 39 76 69 100 Daviess De Kalb Dent Douglas Dunklin Franklin Gasconade Gentry Greene Grundy 94 102 169 117 415 1,273 204 88 3,444 142 97 106 179 122 461 1,321 211 95 3,680 147 104 113 189 132 497 1,386 222 98 3,929 156 7.7 6.9 5.7 8.1 8.0 4.9 5.3 2.9 6.8 5.9 11,944 12,236 13,447 10,273 10,635 11,401 12,356 13,025 13,841 9,841 10,288 11,152 12,521 14,029 15,092 15,705 16,038 16,595 14,550 14,988 15,699 12,917 14,084 14,560 16,513 17,418 18,270 13,555 14,061 15,009 85 111 77 112 51 17 36 67 8 55 113 269 78 85 130 376 121 11,685 1,322 2,465 120 273 82 92 139 403 130 12,297 1,417 2,558 124 296 87 96 146 431 138 12,962 1,516 2,685 3.2 8.3 6.5 4.5 5.0 6.8 6.6 5.4 7.0 4.9 13,387 13,394 10,701 13,994 13,463 11,887 11,258 18,447 14,600 14,294 14,366 14,924 13,544 14,627 10,837 11,432 15,409 16,239 14,512 15,150 12,561 13,220 12,098 12,983 19,393 20,443 15,586 16,499 14,585 15,059 59 66 110 24 48 89 95 3 19 52 528 57 352 481 376 125 421 192 220 201 553 58 361 500 398 130 442 202 227 218 592 63 385 529 421 142 468 209 244 230 7.1 8.2 6.9 5.7 5.8 8.8 5.9 3.2 7.6 5.6 12,369 12,644 12,935 15,468 12,416 12,240 14,501 13,884 15,129 11,832 12,785 13,039 13,195 16,066 13,078 12,732 14,804 14,695 15,777 12,735 13,504 14,233 13,932 17,023 13,745 13,952 15,444 15,287 16,857 13,209 82 70 74 13 78 72 41 46 14 92 Macon Madison Maries Marion Mercer Miller Mississippi Moniteau Monroe Montgomery 215 132 97 384 39 272 187 170 132 166 225 141 103 410 41 282 192 179 132 172 231 148 106 439 44 296 213 184 139 186 2.8 5.1 2.8 7.3 8.0 4.9 10.8 2.8 5.2 7.8 14,029 14,854 11,887 12,610 12,223 12,627 13,847 14,831 10,355 10,982 13,106 13,508 12,972 13,411 13,802 14,513 14,502 14,792 14,565 15,236 15,365 13,232 12,963 15,826 11,855 13,902 15,133 14,874 15,707 16,480 33 105 75 49 61 35 20 Morgan New Madrid Newton Nodaway Oregon Osage Ozark Pemiscot Perry Pettis 199 272 628 287 101 180 99 253 234 524 209 275 661 302 108 185 103 268 244 537 218 307 707 314 113 193 107 288 263 565 4.3 11.9 6.9 4.1 4.6 4.1 3.8 7.2 7.7 5.2 12,741 13,362 12,990 13,216 14,102 14,672 13,215 14,144 10,615 11,349 14,968 15,383 11,400 11,897 11,555 12,365 14,007 14,559 14,755 15,097 13,599 14,750 15,493 14,805 11,903 15,900 12,165 13,384 15,619 15,871 104 31 102 86 38 32 485 212 1,191 272 487 511 220 1,232 285 523 537 233 1,314 303 565 5.0 6.1 6.6 6.4 8.0 13,723 14,371 13,264 13,770 20,448 20,626 12,411 12,739 11,653 12,478 14,853 14,642 21,321 13,451 12,932 65 2 84 97 Harrison Henry Hickory Holt Howard Howell Iron Jackson Jasper Jefferson Johnson Knox Laclede Lafayette Lawrence Lewis Lincoln Linn Livingston McDonald .., Phelps Pike Platte Polk Pulaski See footnotes at end of table. 1991-92 17,407 18,121 18,970 19,350 20,109 20,999 13,236 13,841 14,605 13,400 14,827 15,672 15,469 13,732 13,754 13,406 11,981 11,375 17,165 Area name 1992 1991 Missouri Metropolitan portion Nonmetropolitan portion Percent change 2 Millions of dollars 1990 1991 1992 61 125 338 297 73 64 131 348 305 80 67 143 362 329 77 122 3,909 103 224 597 25,112 347 51 64 551 133 4,034 108 228 634 26,101 369 53 67 572 72 103 391 288 74 386 236 265 295 218 1991-92 Rank in State Dollars 1990 1991 1992 1992 8.9 4.1 7.8 -2.9 12,056 12,746 13,483 14,731 15,445 16,737 13,899 14,705 15,197 13,486 13,927 15,105 10,974 11,861 11,740 83 16 47 50 106 141 4,268 116 240 663 27,230 373 56 75 608 5.9 5.8 7.4 5.2 4.5 4.3 1.1 4.5 11.7 6.5 9,892 10,656 11,148 18,212 18,340 18,869 12,142 12,810 13,571 13,915 14,207 14,877 12,171 12,782 13,217 25,246 26,157 27,211 14,800 15,950 16,351 12,037 12,710 13,360 13,353 14,189 15,921 13,964 14,557 15,394 113 6 81 60 91 1 78 105 407 304 80 412 243 282 306 230 83 108 436 340 82 457 255 280 325 239 6.0 3.4 7.0 11.8 2.2 11.1 4.8 -.6 6.1 3.7 9,426 14,827 13,530 15,034 11,740 15,011 10,971 13,919 14,991 10,636 10,273 15,304 14,138 15,368 12,860 15,584 11,168 14,743 15,179 11,158 10,653 15,913 15,055 16,308 13,218 16,574 11,723 14,953 15,716 11,480 115 30 53 23 90 18 108 121 283 30 183 6,930 131 292 32 182 7,362 135 315 33 195 7,615 3.3 7.9 4.4 7.2 3.4 10,478 11,916 12,482 10,873 17,524 11,027 12,169 12,961 10,770 18,834 11,138 12,913 13,949 11,462 19,844 114 98 73 109 4 11,790 3,149 8,641 12,623 3,348 9,275 13,344 3,568 9,776 5.7 6.6 5.4 14,743 16,466 14,201 15,632 16,227 17,293 18,082 15,108 15,641 119 123 79 43 121 19 1,241 95 174 35 126 123 79 47 127 21 1,305 110 184 40 128 128 85 52 132 20 1,383 97 196 43 1.0 4.1 7.0 10.3 4.1 -5.0 6.0 -11.9 14,099 10,904 11,848 13,062 15,025 12,608 15,974 17,417 14,881 15,637 14,971 14,847 10,732 10,949 11,733 12,524 14,126 14,855 15,912 16,029 14,510 13,328 16,651 17,452 20,331 17,796 15,830 16,683 18,850 20,393 36 56 53 35 23 Dawson Deer Lodge Fallon Fergus Flathead Gallatin Garfield Glacier Golden Valley Granite 128 125 42 181 892 742 23 136 13 33 140 129 47 188 956 810 24 155 15 36 140 138 48 192 1,033 873 22 160 15 37 -.4 7.0 1.8 2.4 8.0 7.8 -10.1 3.3 -1.2 1.3 13,646 15,140 15,443 12,232 12,766 13,759 13,643 15,062 15,754 14,947 15,264 15,514 14,989 15,721 16,440 14,627 15,620 16,202 14,679 16,009 15,065 11,228 12,834 13,095 14,374 16,963 16,783 13,010 14,356 14,462 30 44 26 29 18 22 33 50 14 38 Hill Jefferson Judith Basin Lake Lewis and Clark Liberty Lincoln McCone Madison Meagher 261 128 32 271 755 44 210 27 77 27 285 133 35 287 806 50 217 30 81 30 289 143 35 306 871 45 234 29 82 31 1.7 7.7 8.1 -10.7 7.9 -2.6 1.8 2.0 14,757 16,065 16,023 16,346 13,931 15,546 12,902 13,306 15,880 16,679 19,343 22,139 12,029 12,356 12.126 13,831 12,861 13,201 15,056 16,664 16,257 17,316 15,679 13,897 17,534 19,851 13,231 13,960 13,506 17,137 21 10 27 42 7 2 49 41 47 11 Mineral Missoula Musselshell Petroleum Phillips Pondera Powder River Powell Prairie Ravalli 37 1,188 50 6 75 96 26 84 20 326 38 1,264 55 9 74 108 31 92 23 348 40 1,385 56 8 71 99 30 94 21 377 9.6 .9 -13.8 -3.9 -8.4 -3.9 2.7 -9.4 8.3 11,111 15,053 12,227 11,206 14,463 15,038 12,735 12,619 14,366 13,007 11,514 11,672 15,703 16,801 13,378 13,608 17,619 15,305 14,396 13,989 17,328 15,985 15,100 14,506 13,696 13,883 17,698 16,402 13,373 13,744 55 13 46 32 40 24 37 43 19 45 Richland Roosevelt Rosebud Sanders Sheridan Silver Bow Stillwater Sweet Grass Teton Toole 147 118 150 100 67 522 95 45 94 81 156 126 175 104 75 543 98 48 106 91 157 137 173 110 81 579 104 49 97 1.0 9.1 -1.3 5.7 7.1 6.5 5.2 3.7 -8.6 -2.4 13,805 10,718 14,272 11,479 14,180 15,392 14,417 14,204 15,056 16,117 14,703 11,673 16,758 12,096 16,600 15,991 14,669 15,153 17,121 18,444 14,941 12,654 16,296 12,468 17,981 16,966 15,375 15,798 15,623 17,893 34 52 20 54 4 12 31 25 28 5 Treasure Valley Wheatland 14 118 33 14 133 38 15 137 39 1.3 2.9 15,579 14,446 14,457 16,479 16,323 16,592 16,536 16,724 17,328 17 15 9 Putnam Rails Randolph Ray Reynolds 80 64 40 63 Per capita personal income3 Total personal income Rank in State Ripley St. Charles St. Clair Ste. Geneyieve St. Francois St. Louis Saline Schuyler Scotland Scott Shannon Shelby Stoddard Stone Sullivan Taney Texas Vernon Warren Washington Wayne Webster Worth Wright St. Louis City Montana Metropolitan portion Nonmetropolitan portion Beaverhead Big Horn Blaine Broadwater Carbon Carter Cascade Chouteau Custer Daniels 22 87 29 42 107 57 34 6 16 1 142 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Percent change 2 Millions of dollars Area name 1990 1992 1991 13 1,907 181 15 2,043 197 27,470 14,532 12,938 28,720 15,395 13,325 14 2,185 209 30,368 16,335 14,033 Adams Antelope Arthur Banner Biaine Boone Box Butte Boyd Brown Buffalo 509 122 7 15 13 122 249 41 62 560 533 122 6 15 12 124 253 38 60 590 Burt 119 139 344 138 80 98 175 131 142 183 122 144 365 139 83 Custer Dakota Dawes Dawson Deuel Dixon Dodge Douglas Dundy Fillmore Wibaux Yellowstone Park (incl. Ylwstn. Natl. Park) .. 1991-92 Rank in State Dollars 1990 1991 1992 51 3 39 11,066 12,604 12,810 16,803 17,730 18.506 12,249 13,520 14,076 5.7 6.1 5.3 17,379 18,059 18,974 18,396 19,240 20,181 16,364 16,863 17,738 562 127 7 15 14 128 259 41 64 642 5.4 4.4 13.0 3.3 12.7 3.4 2.4 8.8 5.7 8.8 17,214 18.006 19,062 15,382 15.413 16,321 15,331 14,422 15.864 17,426 17.894 18.077 18,857 17.827 20.600 18,318 18.700 19.616 18,947 19.392 20.008 14,631 13.813 15.263 16,951 16,532 17,574 14,894 15.565 16,819 29 76 81 40 12 21. 14 131 149 194 125 156 389 148 85 100 188 135 158 194 2.8 8.2 6.5 6.8 2.3 11.9 1.1 3.2 5.5 .2 15,107 16,174 16.075 13,680 18,114 15,578 18,440 18,497 15,482 18,156 15.580 16,052 16,836 18,105 16,900 17,623 13,789 14,738 19,013 19,968 14.226 15,795 19,759 19,722 18,517 18,855 16,232 16,831 19,361 19,517 79 39 48 88 15 82 18 32 66 23 217 234 116 343 41 95 541 8,347 54 155 226 241 120 377 41 101 566 8,841 55 152 237 265 128 395 42 105 597 9,404 57 159 5.2 9.9 6.6 4.7 2.9 4.2 5.5 6.4 3.1 4.7 17,683 13,931 12,984 17,169 18,137 15,487 15,679 19.987 20,922 21,814 18,428 19.339 14,238 15,460 13.644 14,548 18,255 18,253 18,487 19,383 16,316 17,064 16,433 17,322 20,933 22,055 21,734 23,118 21,504 22,777 26 85 90 37 24 62 59 5 3 4 Franklin Frontier Furnas Gage Garden Garfield Gosper Grant Greeley Hall 65 48 94 380 44 34 38 14 47 795 64 44 94 380 43 35 40 14 47 850 101 404 45 36 42 13 50 5.9 9.3 6.7 6.3 3.5 4.1 4.5 -A.7 7.4 5.0 16,521 15.515 16.960 16.663 17,839 15,81; 19,773 18.745 15,624 16,210 16,572 17,620 14,228 15,487 16,882 17,961 16,790 17,878 18,382 19,292 15,972 17,228 19,976 20,684 18,033 16,831 15,596 17,073 17,206 17,965 49 84 42 44 27 60 11 67 61 41 Hamilton Harlan Hayes Hitchcock Holt Hooker Howard Jefferson Johnson Kearney 151 68 28 58 203 14 82 152 73 119 160 66 35 60 202 14 83 147 71 133 168 69 35 62 223 14 91 157 75 136 4.8 4.8 2.3 4.0 10.4 3.7 10.1 7.0 5.9 2.3 17,036 17,917 23,343 15,389 16,152 17,713 13.621 17,345 15.596 17,954 17,956 17,600 29,124 16.186 16.073 18,182 13,536 16,992 15,240 20,413 18,715 18,683 29,938 17,480 17,878 19,885 14,683 18,419 16,365 20,857 33 34 2 53 45 17 89 36 75 130 18 74 141 3,696 512 16 7 11 515 133 14 75 136 3,927 548 16 8 10 530 138 16 76 145 4,171 574 17 8 9 559 3.9 16.3 2.1 6.7 6.2 4.8 5.4 .2 -.5 5.5 15,121 15,747 16,479 17,953 13,656 16.682 18,295 18.390 18.981 14,802 14.550 15,542 17,23" 18,123 18.995 15,754 16,697 17.331 18.111 18,111 19,371 10,376 11,294 11,020 19,259 17,415 17,945 15,76] 16,189 16,922 72 69 31 83 30 58 25 93 43 64 120 102 71 128 96 221 5; 68 189 118 124 108 71 135 92 225 55 62 202 118 130 107 75 137 98 241 59 66 206 125 5.2 -.7 5.8 1.8 6.7 7.4 6.7 5.4 2.0 6.1 14,952 18,746 16,741 16,052 16,638 15,583 17,249 20.257 19.502 15,111 15,495 20,302 16,645 16,943 16,130 15,808 16,672 19,265 20,630 15,103 16,187 20,268 17,700 17,359 17,560 16,890 18,462 20.696 21.121 16,115 77 13 47 57 52 65 35 10 6 78 498 106 183 159 37 201 1,612 27586 259 510 108 185 16' 38 202 1,711 286 620 266 53; 11193 170 41 221 1,771 303 64' 283 5.2 5.2 4.1 5.8 8.3 9.2 3.5 5.8 3.8 6.5 16,693 18,636 15.697 15,958 18,380 15,846 15,646 14.967 16,282 16,717 17,046 19,600 16,129 16,325 19,100 16,024 16,169 15,633 17.105 17,171 17,820 20.762 16,977 17,422 20,959 17,466 16,518 16.395 17,601 18,17 46 9 63 56 7 106 54 102 56 104 60 2.0 7.6 15,859 15,542 15,910 14.606 15,229 16,449 80 73 Butler Cass Cedar Chase Cherry Cheyenne Clay Colfax Cuming Keith Keya Paha Kimball Knox Lancaster Lincoln Logan Loup McPherson Madison Merrick Morrill Nance Nemaha Nuckolls Otoe Pawnee Perkins Phelps Pierce Plane Polk Red Willow Richardson Rock Saline Sarpy Saunders Scotts Bluff Seward Sheridan Sherman See footnotes at end of table. 55 71 74 50 38 Percent change 2 Millions of dollars Area name 991-92 1990 1991 1992 121 16 82 85 309 133 14.062 15.681 18.789 17,750 11,623 16,741 17,907 13,550 12,300 15,721 18,361 19,083 11.833 16,870 18,487 13,913 13,366 16,612 19,632 19,959 12,650 17,467 19,703 14,918 77 24 253 76 26 264 28 284 17,992 18.094 19,162 25,450 27,706 30,050 17,551 18,321 19,601 24,682 21,026 3,656 26,582 22,666 3,917 28,931 24,744 4,187 9.2 6.9 277 14,813 701 621 27 33 240 116 69 339 299 16,046 763 670 34 33 262 121 72 366 325 17,563 804 724 39 34 275 130 72 394 8.6 9.5 5.4 8.0 12.6 2.1 5.0 7.4 .6 7.7 107 289 72 47 5,925 157 850 109 307 72 50 6,313 156 119 326 74 53 6,856 163 982 8.6 6.3 2.5 5.8 8.6 4.0 8.1 16,662 17,742 19,138 16,008 16,346 16,698 16,637 16,520 16,707 18,479 19,059 20,777 23,113 24,035 25,529 16,696 16,352 16,980 20,910 21,784 22,919 22,491 14,267 8,224 23,231 14,664 8,568 24,457 15,463 8,994 5.3 5.5 5.0 20,231 20,973 21,933 20,742 21,448 19,401 20,206 21,200 960 756 1,287 582 1,489 7,213 2,470 5,274 1,779 681 978 785 1,339 619 1,577 7,419 2,573 5,406 1,838 1,008 823 1,413 642 1,662 7,809 696 2,712 5,706 1,949 734 3.0 4.9 5.6 3.7 5.4 5.2 5.4 5.6 6.0 5.5 19,474 21,279 18,328 16,674 19,856 21,420 20.521 21.379 17,049 17,616 19,956 21,921 18.994 17,819 21,023 22,052 21.366 22,210 17,707 18,088 20,481 22,700 20,01: 18,684 21,969 22,963 22,619 23,181 18.623 19.190 187,167 187,167 191,559 191,559 204,038 204,038 6.5 6.5 24,182 24,644 24,182 24,644 26,091 26,091 Atlantic Bergen Burlington Camden Cape May Cumberland Essex Gloucester Hudson Hunterdon 5,210 26,643 8,373 10,160 2,019 2.378 18.204 4,260 10,753 3,024 5,208 26,739 8,570 10,402 5,540 28,235 9,066 11,042 2,199 3,142 2,661 20,268 4,664 11,853 3,373 6.4 5.6 5.8 6.2 6.9 7.2 6.8 6.7 7.7 7.3 23,135 32,273 21,136 20,181 21,188 17,199 23,417 18,430 19,440 27,965 22,892 32,296 21,488 20,563 21,374 17,911 24.515 18,638 19,889 28,773 24,148 33,815 22,801 21,748 22,708 19,213 26,206 19,691 21,359 30,139 Mercer Middlesex Monmouth Morris Ocean Passaic Salem Somerset Sussex Union 8,440 15,817 14,110 13,171 8,782 9,392 1,226 7,854 2,812 12,657 8,71 16.242 14,394 13,468 9,128 9,552 1,268 8,099 2,849 12,971 9,32 17.364 15,408 14,393 9.633 10,125 1,368 8,659 3,043 13,769 7.0 6.9 7.0 6.9 5.5 6.0 7.8 6.9 6.8 6.2 25,877 23,502 25,461 31,236 20,211 20,726 18,750 32.535 21,406 25,645 26,639 23,968 25.761 31,787 20,924 21,034 19,463 32,968 21,463 26,303 28,443 25,369 27,226 33,616 21,976 22,196 21,000 34,580 22,581 27,910 1991 1990 Sioux Stanton Thayer Thomas Thurston Valley Washington Wayne 22 98 124 15 81 86 298 127 Webster Wheeler York Nevada Metropolitan portion Nonmetropolitan portion Churchill Clark Douglas Elko Esmeralda Eureka Humboldt Lander Lincoln Lyon Mineral Nye Pershing Storey Washoe White Pine Carson City New Hampshire Metropolitan portion Nonmetropolitan portion Belknap Carroll Cheshire Coos Grafton Hillsborough Merrimack Rockingham Stratford Sullivan ... New Jersey Metropolitan portion 1992 Rank in State Dollars 21 103 128 16 88 87 335 142 1992 -.9 7.0 5.8 Nebraska Metropolitan portion Nonmetropolitan portion Per capita personal income 3 Total personal income 2,058 2,482 18,974 4,371 11,011 20,248 20,639 21,648 20,429 20,773 21,826 19,267 19,896 20,652 15.385 19.623 25,101 18,148 19,917 21,105 18,498 18,429 18,096 16,738 16,090 19,818 25,623 18,660 26,785 20,390 19,160 18,810 19,164 17,099 17,242 20,769 25,820 19,385 28,891 21,706 19,335 19,414 19,343 17,714 1,883 1,919 2,053 6.9 20,488 20,711 21,927 21,602 13,578 8,02- 22,872 14,402 8,470 24,452 15,431 9,022 6.9 7.1 6.5 14,213 16,057 11,902 14,781 15,458 16,682 17,410 12,382 12,971 Bernalillo Catron Chaves Cibola Colfax Curry De Baca Dona Ana Eddy Grant 8,199 29 815 204 178 553 26 1,676 681 334 8,692 31 821 216 179 604 28 1,762 729 353 9,277 31 859 233 192 665 29 1,908 773 362 6.7 1.4 4.5 7.5 7.1 10.1 1.2 8.3 6.0 2.5 17,01 11,459 14,046 8,622 13,757 13,082 11,776 12,279 13,97' 12.058 17.758 12,035 14,012 9,210 14.085 13,678 12.314 12,493 14,639 12,596 Guadalupe Harding Hidalgo 40 11 73 42 11 78 44 11 5.4 -3.0 4.6 9.755 10,318 10,870 10,724 11,224 10,762 12,240 13,115 13,649 Warren New Mexico Metropolitan portion Nonmetropolitan portion 18.582 12,230 14,657 9,762 14.78^ 14,600 12,658 13,016 15,121 12,639 1992 April 1994 SURVEY OF CURRENT BUSINESS • 143 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 1991 1992 1991-92 Dollars 1990 1991 1992 728 186 473 199 540 35 630 767 199 473 219 578 37 661 807 213 511 236 619 40 709 5.2 7.2 8.0 7.7 7.1 8.3 7.2 Quay Rio Arriba Roosevelt Sandoval San Juan San Miguel Santa Fe Sierra Socorro Taos 139 322 217 855 1,114 255 1,803 122 159 259 144 339 218 925 1,188 270 1,932 130 167 277 152 360 249 1,001 1,273 290 2,067 137 177 291 5.8 6.3 14.2 8.2 7.1 7.3 6.9 5.0 5.5 5.1 111 64 573 118 65 618 127 62 666 7.9 -3.6 7.9 10,772 15,525 12,561 401,833 379,525 22,308 412,663 389,558 23,106 436,354 412,129 24,225 5.7 5.8 4.8 22,322 22,866 24,095 22,969 23,527 24,808 15,090 15,519 16,183 Albany Allegany Bronx Broome Cattaraugus Cayuga Chautauqua Chemung Chenango Clinton 6,383 635 17,714 3,811 1,176 1,228 2,100 1,517 752 1,228 6,565 652 18,381 3,924 1,205 1,245 2,178 1,574 775 1,261 6,900 685 19,569 4,064 1,281 1,299 2,278 1,640 821 1,313 5.1 5.1 6.5 3.6 6.3 4.3 4.6 4.2 6.0 4.1 21,814 22,384 23,559 12,561 12,694 13,328 14,714 15,328 16,381 17,966 18,486 19,127 13,929 14,161 14,950 14,897 15,049 15,712 14,796 15,331 16,083 15,922 16,545 17,231 14,517 14,883 15,728 14,248 14,620 15,263 62 40 21 53 46 44 30 45 51 Columbia Cortland Delaware Dutchess Erie Essex Franklin Fulton Genesee Greene 1,104 698 659 5,619 17,586 578 607 810 1,000 706 1,117 725 674 5,673 18,352 592 635 844 1,178 768 703 5,894 19,250 623 679 894 1,072 759 5.5 5.9 4.3 3.9 4.9 5.3 6.8 6.0 4.7 5.4 17,523 17,788 18,695 14,225 14,750 15,531 13,944 14,215 14,801 21,618 21,739 22,424 18,151 18,901 19,798 15,501 15,763 16,595 13,001 13,387 14,147 14,927 15,565 16,561 16,626 16,932 17,617 15,724 15,868 16,360 23 49 55 11 15 37 57 38 27 41 Hamilton Herkimer Jefferson Kings Lewis Livingston Madison Monroe Montgomery Nassau 82 931 1,595 39,735 352 994 1,118 15,350 819 40,167 87 943 1,679 92 1,001 40,922 370 43,885 383 1,081 1,203 42,018 5.8 6.2 5.2 7.2 3.6 5.1 4.6 4.4 4.5 4.1 15,493 14,141 14,308 17,285 13,087 15,898 16,133 21,467 15,737 31,237 16,191 14,261 14,934 17,874 13,599 16,297 16,347 22,053 16,456 31,195 17,089 15,130 15,535 19,196 13,967 17,059 16,935 22,863 17,165 32,270 33 52 48 20 60 34 35 10 31 3 New York Niagara Oneida Onondaga Ontario Orange Orleans Oswego Otsego Putnam 66,077 3,691 4,071 8,999 1,774 5,683 624 1,843 906 2,013 68,033 3,842 4,176 9,195 1,846 5,870 653 1,895 940 2,038 73,257 3,992 4,369 9,581 1,896 6,240 681 2,076 997 2,131 7.7 3.9 4.6 4.2 2.7 6.3 4.3 9.6 6.1 4.6 44,426 45,811 16,698 17,353 16,215 16,551 19,157 19,467 18,606 19,137 18,405 18,821 14,862 15,355 15,065 15,326 14,940 15,434 23,892 23,785 49,197 18,013 17,326 20,221 19,424 19,762 15,568 16,625 16,345 24,439 1 26 29 1 3 17 1 6 47 36 42 5 Queens Rensselaer Richmond Rockland St. Lawrence Saratoga Schenectady Schoharie Schuyler Seneca 41,862 2,709 8,349 6,691 1,434 3,418 3,043 456 244 537 42,651 45,169 2,951 9,368 21,444 17,518 21,967 25,160 12,787 18,751 20,371 14,268 13,035 15,944 21,864 18,037 22,259 25,241 13,301 19,257 20,746 14,723 13,565 16,381 23,151 18,877 23,954 26,323 14,065 20,068 21,791 15,396 13,931 17,146 9 22 6 4 59 14 12 50 6 1 32 Steuben Suffolk Sullivan Tioga Tompkins Ulster Warren Washington Wayne Westchester 1,623 29,572 1,231 828 1,443 3,021 1,074 824 1,504 28,349 1,716 30,411 Torrance Union Valencia New York Metropolitan portion Nonmetropolitan portion Wyoming Yates North Carolina See footnotes at end of table. 1,024 720 1,028 1,150 15,859 855 40,363 1,766 16,563 894 13,114 13,818 14,244 15,200 15,611 16,234 26,078 26,189 28,087 10,978 11,604 11,976 9,500 9,178 8,807 8,825 9,455 8,275 12,155 12,691 13,662 12 4 1 24 32 33 16 12,903 13,625 9,842 9,322 12,950 12,666 13,348 13,983 12,176 12,694 9,882 10,368 18,120 18,972 12,184 12,982 10,780 11,387 11,161 11,699 14,537 10,332 14,237 14,560 13,381 10,959 19,650 13,911 11,783 12,030 11 30 13 10 18 27 2 14 26 23 11,119 15,704 13,208 11,898 15,394 13,793 25 5 15 1,502 1,601 3,562 3,781 3,271 500 263 575 5.9 5.1 9.2 5.3 6.6 6.1 5.1 5.8 3.1 3.9 1,096 842 1,572 29,231 1,743 31,808 1,321 882 1,548 3,275 1,164 698 1,649 30,725 1.6 4.6 5.2 2.3 3.9 3.9 6.2 6.7 4.9 5.1 16,350 17,205 22,360 17,724 17,956 15,781 16,305 15,314 15,692 18,231 18,794 18,057 18,278 13,852 14,010 16,827 17,387 32,396 33,337 17,411 23,769 18,688 16,531 16,232 19,354 19,251 14,859 18,062 34,843 28 7 24 39 43 18 1 9 54 25 2 573 316 575 331 615 343 7.0 3.7 13,452 13,286 14,143 13,809 14,322 14,763 58 108,339 113,392 122,117 7.7 16,284 16,802 17,863 2,809 8,575 6,774 3,113 473 255 554 1,256 863 1,490 3,153 7,130 Percent change 2 Millions of dollars Area name 1992 Rank in State Dollars 1990 1991 76,585 31,753 79,968 33,424 86,372 35,745 8.0 6.9 17,426 14,060 17,886 14,675 19,045 15,534 Alamance Alexander Alleghany Anson .... Ashe Avery ..... Beaufort . Bertie Bladen ... Brunswick 1,790 408 127 318 298 204 597 253 348 681 1,865 421 132 331 318 218 631 269 370 747 1,977 454 142 345 335 231 663 274 397 791 6.0 7.9 7.5 4.5 5.3 5.8 5.0 1.9 7.5 5.9 16,496 14,766 13,223 13,552 13,438 13,664 14,097 12,393 12,135 13,277 16,989 15,048 13,684 14,094 14,234 14,601 14,763 13,170 12,826 14,201 17,801 16,099 14,722 14,665 14,943 15,486 15,417 13,478 13,663 14,526 18 39 64 66 61 52 54 90 89 Buncombe Burke Cabarrus Caldwell . Camden . Carteret... Caswell ... Catawba . Chatham . Cherokee 2,985 1,108 1,680 1,026 77 752 252 2,121 685 233 3,126 1,135 1,739 1,055 82 795 266 2,168 715 239 3,372 1,218 1,855 1,145 88 846 283 2,340 770 254 7.9 7.2 6.7 8.5 7.7 6.4 6.4 7.9 7.7 6.3 17,009 14,600 16,888 14,488 12,904 14,238 12,181 17,844 17,583 11,551 17,584 14,859 17,142 14,807 13,611 14,805 12,810 18,017 18,051 11,785 18,714 15,734 17,916 15,951 14,350 15,405 13,669 19,203 19,136 12,465 12 49 17 43 73 55 88 10 11 Chowan .. Clay Cleveland Columbus Craven Cumberland Currituck D3C6 Davidson Davie 190 86 1,256 625 1,164 3,559 200 366 1,987 524 204 89 1,288 673 1,231 3,811 208 382 2,039 532 207 95 1,376 728 1,348 4,451 219 405 2,189 571 6.5 6.9 8.3 9.5 16.8 5.4 6.0 7.4 7.3 14,040 11,988 14,782 12,605 14,217 12,928 14,508 15,939 15,634 18,702 14,994 12,267 15,014 13,513 14,914 13,725 14,545 16,462 15,863 18,807 15,063 13,011 15,835 14,507 16,059 16,050 14,834 17,065 16,861 20,069 58 93 45 70 40 41 63 24 29 Duplin Durham Edgecombe Forsyth Franklin Gaston Gates Graham Granville Greene 551 3,431 739 5,565 479 2,742 124 71 493 230 594 3,597 795 5,746 499 2,820 135 75 516 250 653 3,935 844 6,113 540 3,020 139 83 568 251 9.9 9.4 6.2 6.4 8.3 7.1 2.6 10.6 10.1 13,783 18,775 13,095 20,882 13,086 15,633 13,349 9,934 12,842 14,897 14,848 19,352 14,121 21,402 13,348 15,903 14,446 10,266 13,383 15,939 16,103 20,920 15,012 22,559 14,245 16,901 14,673 11,256 14,501 15,939 60 3 79 27 65 100 71 44 Guilford Halifax Harriett Haywood Henderson Hertford Hoke Hyde Iredell Jackson 6,949 704 851 681 1,204 260 247 74 1,497 338 7,228 752 904 718 1,255 276 267 85 1,556 358 7,722 801 988 758 1,333 291 291 87 1,678 383 6.8 6.5 9.4 5.5 6.3 5.3 9.1 2.4 7.8 7.2 19,940 12,662 12,527 14,504 17,274 11,532 10,755 13,738 16,030 12,556 20,456 13,471 13,184 15,155 17,756 12,254 11,512 15,870 16,304 13,149 21,585 14,257 14,235 15,792 18,577 12,906 12,436 16,260 17,324 13,924 5 78 80 48 13 94 97 35 21 84 Johnston Jones Lee Lenoir Lincoln McDowell Macon Madison Martin Mecklenburg 1,242 143 683 837 784 454 328 215 339 11,215 1,307 151 718 903 808 475 345 225 364 11,696 1,422 171 793 981 868 509 366 238 395 12,558 8.8 13.2 10.4 8.6 7.4 7.1 6.1 5.8 8.4 7.4 15,189 15,190 16,422 14,585 15,464 12,710 13,916 12,627 13,529 21,776 15,593 16,078 17,049 15,666 15,692 13,197 14,450 13,084 14,436 22,133 16,517 18,144 18,387 16,902 16,519 14,074 15,100 13,779 15,647 23,354 32 15 14 26 31 82 57 87 51 1 Mitchell Montgomery Moore Nash New Hanover Northampton Onslow Orange Pamlico Pasquotank 178 304 1,129 1,279 2,007 255 1,529 1,832 156 434 191 316 1,187 1,329 2,149 277 1,601 1,934 165 448 201 335 1,258 1,380 2,307 286 1,847 2,080 171 471 5.4 5.8 6.0 3.8 7.3 3.2 15.4 7.6 3.3 5.2 12,305 12,987 19,027 16,565 16,588 12,255 10,201 19,430 13,176 13,652 16,887 17,262 13,338 10,638 20,101 14,391 13,817 14,135 13,823 14,350 20,534 17,134 18,050 13,800 12,782 20,856 14,625 14,587 85 74 8 22 16 86 95 7 67 Pender Perquimans Person Pitt Polk Randolph Richmond Robeson Rockingham Rowan 382 129 445 1,671 293 1,624 578 1,185 1,283 1,676 406 141 458 1,759 306 1,659 593 1,286 1,346 1,715 444 148 496 1,890 322 1,812 628 1,418 1,405 1,831 9.4 5.2 8.2 7.4 5.2 9.2 5.9 10.2 4.4 6.8 13,121 12,342 14,699 15,417 20,209 15,173 12,967 11,244 14,879 15,109 13,497 13,444 14,921 15,854 21,102 15,240 13,176 12,088 15,510 15,284 14,313 14,118 16,028 16,809 21,653 16,413 13,936 13,148 16,160 16,138 76 81 42 30 4 773 709 424 777 810 764 454 799 872 842 494 837 7.7 10.1 8.8 4.6 13,526 14,979 12,527 14,982 14,069 15,996 13,305 15,224 15,050 17,349 14,435 15,820 59 20 72 46 1990 1992 Lea Lincoln Los Alamos Luna McKinley Mora Otero Per capita personal income3 Total personal income Rank in State Metropolitan portion Nonmetropolitan portion Rutherford Sampson Scotland Stanly 1991 1991-92 19921992 33 83 92 36 37 SURVEY OF CURRENT BUSINESS 144 • April 1994 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1991 1990 Stokes Surry Swain Transylvania Tyrrell Union 1991-92 1992 Rank in State Dollars 1990 1991 1992 6.9 14,729 15,001 15,714 7.2 15,453 15,971 16,989 11,509 6.1 10,188 5.3 15,630 16,239 16,892 .3 13,802 15,486 15,343 6.6 16,517 16,489 17,115 567 998 125 418 58 1,431 606 1,070 132 440 59 1,526 538 9,057 180 193 491 1,379 890 1,057 467 190 555 9,621 189 208 501 1,446 913 1,103 475 195 595 10,425 201 218 542 1,543 948 1,170 514 207 7.1 8.4 6.3 5.0 8.1 6.7 3.9 6.1 8.2 5.8 9,765 4,149 5,616 9,891 4,318 5,573 10,809 4,638 6,171 9.3 7.4 10.7 15,320 15,617 17,048 16,101 16,645 17,604 14,791 14,904 16,654 44 193 93 15 132 57 50 1,018 1,791 94 44 180 84 17 11 58 44 1,058 1,869 90 50 199 92 17 137 62 52 1,150 2,003 113 13.6 10.8 8.7 3.0 19.3 6.9 16.2 8.7 7.1 25.4 14,011 15,436 13,005 13,959 16,617 15,902 16,956 16,894 17,355 15,616 14,126 14,530 12,064 14,947 14,871 16,680 15,830 17,297 17,863 15,385 16,497 16,300 13,323 14,960 18,035 18,284 19,167 18,404 18,797 19,778 34 38 49 44 18 15 6 14 11 3 92 42 43 45 57 66 30 1,020 34 54 92 42 44 42 58 63 28 1,059 35 50 103 47 50 45 71 72 32 1,123 42 54 11.2 13.6 13.7 7.4 23.2 13.0 12.9 6.0 20.0 8.7 15,236 14,740 10,693 15,493 11,853 16,602 14,195 14,463 9,534 16,555 15,525 15,018 11,161 14,478 12,262 16,401 14,306 15,113 10,266 15,648 17,519 17,718 12,830 15,940 15,307 18,814 16,712 15,844 12,669 17,300 23 21 50 39 43 10 28 40 51 24 Hettinger Kidder La Moure Logan McHenry Mclntosh McKenzie McLean Mercer Morton 45 45 76 42 89 56 8 157 164 319 42 40 70 38 81 58 88 148 331 53 45 87 44 88 67 99 170 181 363 26.2 11.7 24.7 16.0 8.3 13.8 13.5 15.1 8.1 9.5 13,155 13,443 14,241 14,756 13,625 14,068 13,748 15,125 16,793 13,487 12,789 12,393 13,293 13,813 12,820 15,310 14,196 14,564 17,348 14,098 16,732 14,188 16,681 16,419 14,184 17,592 16,459 17,097 19,200 15,379 27 46 29 36 47 22 35 25 5 42 Mountrail Nelson Oliver Pembina Pierce Ramsey Ransom Renville Richland Rolette 100 77 30 167 89 199 88 5' 256 129 9" 65 30 168 83 200 92 42 271 137 11 80 37 193 89 223 96 54 279 156 16.9 21.9 22.2 15.1 7.8 11.6 4.4 27.8 2.6 14.1 14,390 17,507 12,516 18,195 17,637 15,752 14,910 16,250 14,153 10,062 14,208 15,378 13,209 18,727 16,878 15,9315,732 13,899 15,192 10,641 16,737 19,030 16,605 21,68 18,742 17,883 16,567 18,23' 15,619 11,970 Sargent Sheridan Sioux Slope Stark Steele Stutsman Towner Traill Walsh 78 28 28 1 306 43 35" 5" 138 216 84 24 30 12 317 39 34' 53 142 224 89 28 33 16 339 45 363 64 153 248 5.9 13.0 12.2 39.2 7.1 16.4 6.5 21.8 7.1 10.8 17,258 12,979 7,440 12,733 13,429 17,957 15,846 14,285 15,795 15,650 18,881 11,669 7,813 12,846 13,880 16,57f 15,508 15,258 16,434 16,787 20,410 13,469 8,606 18,116 14,88' 19,504 16,619 19,113 17,83' 18,811 Ward Wells Williams 98 316 889 91 322 95S 10c 34 7.5 13.3 6.0 14,956 15.536 16,61 16,877 16,130 18,516 15,04f 15,39' 16,39,r 190,608 161,182 29,427 197,425 167,120 30,305 209,851 177,326 32,526 6.3 6.1 7.3 17,547 18,04' 19,040 18,236 18,775 19,778 14,540 14,865 15,823 Adams Allen Ashland Ashtabula Athens Auglaize Belmont Brown Butler Carroll 271 1,730 684 1,41 665 745 996 467 4,962 352 28c 1,786 70c 1,448 705 762 1,049 49' 5,174 356 31 1,91 755 1,540 738 82C 1,09c 53c 5.555 38S 9.8 6.9 7.5 6.4 4.6 7.6 4.2 8.4 7.4 9.1 10,65' 15,751 14.386 14,137 11,17( 16,678 14,055 13,279 16,937 13,25$ Champaign Clark 57' 2,32- 583 2,425 637 2,596 9.1 15,806 16,01 17,371 15,744 16,399 17,56£ Vance Wake Warren Washington Watauga Wayne Wilkes Wilson Yadkin Yancey North Dakota Metropolitan portion Nonmetropolitan portion Adams Barnes Benson Billings Bottineau Bowman Burke Burleigh Cass Cavalier Dickey Divide Dunn Eddy Emmons Foster Golden Valley Grand Forks Grant Griggs '. Z. , Ohio Metropolitan portion Nonmetropolitan portion See footnotes at end of table. 13,784 21,215 10,425 13,767 13,259 13,146 14,971 15,983 15,302 12,313 14,106 21,799 10,915 14,739 13,424 13,571 15,296 16,599 15,333 12,504 10,922 16,293 14,605 14,421 11,662 16,801 14,852 13,785 17,291 13,21 14,943 22,805 11,522 15,419 14,258 14,325 15,805 17,536 16,368 13,184 11,782 17,358 15,531 15.25S 12,285 17.83C 15,46c 14.63C 18,21 14,284 50 25 99 28 56 23 62 2 98 53 77 75 47 1 9 34 9 1 Percent change 2 Millions of dollars Area name 1992 550 956 115 399 53 1,399 ."" Per capita personal income 3 Total personal income 991-92 1990 1991 1992 Clermont Clinton Columbiana Coshocton Crawford Cuyahoga Darke Defiance 2,384 536 1,520 485 695 29,945 827 649 2,492 564 1,567 499 702 31,105 849 2,692 614 1,651 530 742 32.639 892 703 8.0 8.9 5.4 6.2 5.7 4.9 5.1 5.6 15,780 15,057 14,014 13,679 14,523 21,210 15,410 16,467 16,116 15,640 14,327 14,011 14,705 22,040 15,816 16,822 17,023 16,748 14,948 14,829 15,562 23,128 16,618 17,755 Delaware Erie Fairfield Fayette Franklin Fulton Gallia Geauga Greene Guernsey 1,408 1,327 1,725 366 18,306 637 392 1,739 2,370 488 1,473 1,397 1,814 377 19,204 660 413 1,765 2,491 518 1.590 1.496 1.947 415 20,631 716 449 1,861 2,624 549 7.9 7.1 7.4 9.9 7.4 8.4 8.8 5.4 5.3 6.1 17,268 16,591 13,290 18,975 16,508 12,648 21,370 17,279 12,509 21,144 18,127 17,070 13,578 19,629 16,938 13,209 21,462 17,971 13,206 22,263 19,297 17.810 14,877 20,795 18.020 13,897 22,355 18,728 13,957 Hamilton Hancock Hardin Harrison Henry Highland Hocking Holmes Huron Jackson 18,295 1,173 400 193 470 440 327 368 903 361 18,807 1,213 396 199 488 463 341 383 921 384 19,930 1,305 435 215 525 509 365 417 974 406 6.0 7.6 10.0 8.1 7.7 9.7 6.9 8.9 5.7 5.8 21,113 17,905 12,844 12,048 16,146 12,282 12,774 11,174 16,010 11,930 21,622 18,361 12,688 12,452 16,695 12.703 13,140 11,487 16.095 12,446 22,855 19,558 13.956 13,502 17,842 13.671 13,693 12,348 16,887 12,942 Jefferson Knox Lake Lawrence Licking Logan Lorain Lucas Madison Mahoning 1,194 671 4,159 764 2,056 659 4,369 8,225 518 4,246 1,227 707 4,250 804 2,162 697 4,494 8,396 539 4,433 1,295 757 4,508 864 2,326 75; 4,824 8,940 593 4,627 5.5 7.1 6.1 7.4 7.6 8.5 7.3 6.5 9.9 4.4 14,901 14,086 19,262 12,327 15,955 15,532 16,080 17,785 13,951 16,029 15,343 14,784 19,485 12,879 16,539 16,178 16.400 18,172 14,232 16.736 16,259 15,623 20,450 13,688 17.627 17,322 17,436 19,371 15,211 17,419 939 2,23; 266 649 1,590 196 10,61 199 349 1,181 959 2,300 274 650 1,643 203 11,160 197 359 1,209 1,036 2,452 293 688 1,754 217 11,690 206 385 1,305 8.0 6.6 6.9 5.9 6.8 7.2 4.7 4.8 7.2 7.9 14,595 18,205 11,539 16,400 17,040 12,649 18,492 14,013 12,544 14,373 14,935 18,321 11,823 16,365 17,464 13,17^ 19,354 13,903 12.760 14,671 16,043 19,080 12,506 17,22' 18,488 14,227 20,202 14,42^ 13.473 15.795 Noble Ottawa Paulding Perry Pickaway Pike Portage Preble Putnam Richland 130 721 287 374 65 282 2,170 60 540 1,995 137 731 290 378 679 304 2,239 596 535 2,009 144 763 314 403 759 333 2,384 637 57' 2,085 5.2 4.4 8.4 6.7 11.8 9.5 6.5 6.9 7.8 3.8 11,512 18,010 14,012 11,81 13,480 11,560 15,195 14,965 15,952 15.813 11,853 18,24^ 14,255 11,889 13,878 12,298 15,51" 14,71: 15,65; 15.798 12,410 19,027 15,604 12,490 15,082 13,160 16,304 15,572 16,737 16,313 Ross Sandusky Scioto Seneca Shelby Stark Summit Trumbull Tuscarawas Union 92" 994 992 922 745 6,178 9,488 3,888 1,22' 564 963 1,016 1,035 945 769 6,355 9,786 4,039 1,240 57' 1,045 1,08' 1,115 1,009 818 6,742 10,373 4,253 1,346 624 8.4 6.4 7.8 6.7 6.3 6.1 6.0 5.3 8.5 8.2 13,263 16,04 12,336 15,41 16,542 16,790 18,395 17,069 14,509 17,606 13,643 16,252 12,898 15,81 16,87! 17,185 18,826 17,648 14,609 17,636 14,61 17,206 13,750 16,830 17,832 18,11 19,825 18,507 15,734 18,534 Van Wert Vinton Warren Washington Wayne Williams Wood Wyandot 47 125 1,993 89c 1,598 60C 1,941 336 473 13 2,106 935 1,640 61 1,986 335 50$ 14C 2,268 994 1,76 66. 2,137 358 7.5 6.2 7.7 6.3 7.4 9.1 7.5 7.2 15,488 11,283 17,408 14,344 15.703 16,186 17,11 15,107 15,61 11,696 17,981 15,01 15,966 16,45$ 17,51 14,984 16.83$ 12,202 18,926 15,834 16,948 17,843 18,734 16,089 47,580 30,821 16,759 49,531 32,198 17,333 52,630 34,173 18,457 6.3 6.1 6.5 15,11 15,636 16,420 16,458 17,004 17,736 13,147 13,603 14,437 207 108 11 9; 23 15 37 38 226 92 126 91 241 153 389 373 253 102 136 102 255 162 412 403 12.1 10.2 7.7 11.8 6.0 5.9 5.8 7.9 1990 Marion Medina Meigs Mercer Miami Monroe Montgomery Morgan Morrow Muskingum Oklahoma Metropolitan portion Nonmetropolitan portion Adair Alfalfa Atoka Beaver Beckham Blaine Bryan Caddo 1992 Rank in State Dollars 1991 11,24! 16,96< 9,241 16,199 12,272 13,225 11,558 12,946 11,967 14,694 9,831 15,371 12.901 13,507 12,104 12,810 13,204 16,51 10,378 17,582 13,834 14,691 12,66< 13,7* 1992 April 1994 SURVEY OF CURRENT BUSINESS • 145 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Millions of dollars Dollars 1991 1992 1,272 7.0 6.6 15,112 14,343 15,647 15,108 16,452 15,986 15 18 440 179 69 468 188 71 2,700 499 202 72 96 182 848 374 2,880 63 1,724 104 196 909 391 6.5 7.3 .9 6.7 6.2 12.0 8.4 7.7 7.2 4.6 12,898 11,676 20,960 14,764 9,731 13,183 15,400 12,223 13,138 13,687 13,417 12,320 22,325 15,175 10,414 13,832 14,911 12,989 13,759 14,180 14,035 13,138 22,801 15,878 10,966 14,310 16,069 13,916 14,606 14,867 43 62 1 1 9 75 38 1 7 45 32 27 , 2,579 56 1,468 102 172 799 367 , 59 1,540 Delaware Dewey Ellis Garfield Garvin Grady Grant Greer Harmon Harper 362 85 70 908 353 518 105 85 54 78 383 79 73 933 371 536 95 79 45 70 414 84 73 981 383 575 102 86 54 80 8.1 5.7 -.3 5.2 3.1 7.4 7.3 8.3 19.9 13.7 12,880 15,279 15,604 16,021 13,283 12,425 18,397 12,969 14,293 19,200 13,438 14,534 16,691 16,580 14,029 12,830 17,217 12,451 12,154 17,775 14,112 15,613 16,982 17,398 14,514 13,732 18,837 13,630 14,988 20,755 4 1 20 12 1 1 34 50 6 53 26 3 Haskell Hughes Jackson Jefferson Johnston Kay Kingfisher Kiowa Latimer Le Flore 120 145 380 85 93 805 194 161 112 495 124 149 366 93 99 834 201 151 120 507 131 159 392 98 109 894 213 163 128 550 6.0 6.9 7.0 5.8 9.5 7.2 6.2 8.1 6.1 10,988 11,194 13,269 12,122 9,255 16,771 14,734 14,192 10,810 11,400 11,381 11,594 12,889 13,371 10,001 17,365 15,417 13,540 11,411 11,648 11,972 12,528 13,677 14,174 10,759 18,453 16,464 14,837 12,219 12,638 72 69 52 40 76 8 14 29 7 1 68 356 401 103 310 364 193 112 131 428 136 377 420 110 332 386 200 110 138 442 145 402 445 117 355 429 214 120 149 463 155 6.1 6.0 6.9 11.1 7.1 8.7 8.3 4.7 12,201 13,825 12,678 13,583 10,888 11,480 14,065 12,104 12,787 11,344 12,828 13,709 14,413 15,120 13,377 13,971 14,393 15,141 11,596 12,761 11,787 12,449 14,070 15,50! 12,599 13,432 13,043 13,492 12,085 12,829 51 25 44 24 66 70 21 58 55 , Lincoln Logan Love McClain McCurtain Mclntosh Major Marshall Mayes Murray Muskogee Noble Nowata Okfuskee Oklahoma Okmulgee Osage Ottawa Pawnee Payne Pittsburg Pontotoc Pottawatomie Pushmataha Roger Mills Rogers Seminole Sequoyah Stephens Texas 868 157 121 115 10,524 427 501 401 203 810 159 126 122 10,891 455 532 420 207 858 947 168 132 133 11,552 489 550 444 216 913 5.8 5.4 5.2 8.9 6.1 7.6 3.3 5.8 4.3 6.4 12,722 14,240 12,163 9,953 17,541 11,719 12,057 13,117 13,060 13,176 13,089 14,382 12,745 10,852 17,995 12,456 12,761 13,747 13,348 14,049 13,787 15,177 13,456 11,882 18,854 13,314 13,050 14,570 13,865 14,776 48 23 56 73 5 59 63 33 46 30 497 435 758 103 56 812 292 384 570 260 529 454 801 111 57 879 307 411 609 292 567 475 851 121 61 936 327 446 637 303 7.1 4.6 6.3 9.0 6.1 6.5 6.4 8.7 4.6 3.8 12,232 12,758 12,888 9,424 13,605 14,671 11,521 11.353 13,515 15,806 12,855 13,381 13,595 10,110 14,099 15,529 12,352 12,031 14,265 17,977 13,545 14,091 14,369 10,996 15,360 16,164 13,251 12,854 14,841 18,763 54 42 36 74 22 16 60 64 138 9,606 641 963 161 144 255 124 10,050 673 993 153 141 257 144 10,566 706 1,021 154 156 271 16.0 5.1 4.9 2.8 .6 10.9 5.3 13,371 19,020 13,342 19,945 14,037 15,861 13,446 12,164 14,389 19,590 20,326 13,815 14,259 20,404 21,107 13,375 13,449 15,750 17,571 13,654 14,312 49,161 36,171 12,991 51,701 38,153 13,548 55,286 40,831 14,455 6.9 7.0 6.7 17,201 18,119 15,075 17,714 18,605 18,687 19,619 15,448 16,236 Baker Benton Clackamas Clatsop Columbia Coos Crook Curry Deschutes Douglas 218 1,153 5,541 559 228 1,192 5,842 567 636 930 1,339 1,382 1,430 1,421 239 1,271 6,255 607 668 986 244 338 1,542 1,502 4.9 6.6 7.1 7.2 5.0 6.1 10.3 5.5 7.8 5.7 14,114 16,235 19,732 16,743 15,614 14,812 14,413 15,515 17,609 14,532 14,664 15,210 16,624 17,705 20,203 21,068 16,801 17,816 16,427 17,009 15,262 15,934 15,028 16,129 16,230 16,873 17,775 18,305 14,818 15,562 3 6 13 23 21 15 5 29 Gilliam Grant Harney Hood River Jackson Jefferson 28 116 106 262 2,345 187 26 122 106 279 2,472 195 30 129 111 290 2,655 221 13.8 6.4 4.5 4.0 7.4 13.3 16,329 14,760 14,988 15,475 15,920 13,548 15,241 17,066 15,243 16,474 15,158 15,939 16,511 16,814 16,410 17,230 13,775 15,190 11 19 22 16 9 32 Tillman Tulsa Wagoner Washington Washita Woods Woodward Oregon Metropolitan portion Nonmetropolitan portion See footnotes at end of table. 591 895 205 302 221 320 35 4 39 2 57 10 37 1991 108 4,692 597 1,344 359 3,586 .., 927 840 106 4,519 Josephine Klamath Lake Lane 635 1,414 376 3,805 114 12,232 774 36 812 Lincoln Linn Malheur Marion Morrow Multnomah Polk Sherman Tillamook Umatilla 124 11,532 734 39 300 841 Union Wallowa Wasco Washington Wheeler Yamhill 344 114 345 6,302 21 1,020 360 123 359 6,625 22 1,077 224,628 197,469 27,159 233,676 205,496 28,180 Adams Allegheny Armstrong Beaver Bedford Berks Blair Bradford Bucks Butler 1,314 28,270 1,096 2,854 600 6,516 1,925 1,369 621 6,673 2,005 892 12,210 2,575 902 12,489 2,682 Cambria Cameron Carbon Centre Chester Clarion Clearfield Clinton Columbia Crawford 2,410 92 2,522 94 905 2,001 10,314 Pennsylvania Metropolitan portion Nonmetropolitan portion 876 1,893 9,803 572 1,125 497 924 1,253 597 1,156 514 966 1,290 4,130 4,958 12,774 597 537 1,284 681 564 1,317 703 305 3,896 8,178 1,473 1,995 6,056 5.732 295 3,744 8,035 1,424 1,926 5,802 5,536 Lycoming McKean Mercer Mifflin Monroe Montgomery Montour Northampton Northumberland Perry 1,876 673 1,827 629 1,689 20,025 345 4,558 1.456 604 Philadelphia Pike Potter Schuylkill Snyder Somerset Sullivan 27,563 491 229 2,378 607 1,150 89 596 542 580 Susquehanna Tioga Union Venango Warren Washington 1,118 2,971 3,951 4,709 Huntingdon Indiana Jefferson Juniata Lackawanna Lancaster Lawrence Lebanon Lehigh Luzerne , 978 756 3,497 1992 985 923 117 5,003 678 1,499 396 4,061 120 13,054 828 38 337 1991-92 6.3 9.8 10.5 6.6 Rank in State Dollars 1990 1991 1992 14,162 14,020 15,067 15,908 14,378 14,396 14,846 16,313 15,070 15,690 16,152 17,202 939 314 12,343 571 4,478 1,981 57 1,999 182 506 Cumberland Dauphin Delaware Elk Erie Fayette Forest Franklin Fulton Greene Percent change 2 Millions of dollars Area name 1990 1990 1,189 645 1991 Per capita personal income3 Total persona! income Rank in State 1,128 615 1990 Canadian Carter Cherokee Choctaw Cimarron Cleveland Coal Comanche Cotton Craig Creelc Custer , Percent change 2 4,682 2,066 59 2,100 181 526 1,933 712 1,911 643 1,695 20,814 374 4,708 1,509 635 6.8 6.0 5.4 6.7 5.1 6.7 7.0 6.7 7.1 6.0 15,283 15,880 16,559 14,662 15,150 15.853 13,741 14,144 14.625 15,616 16,232 16,969 16,244 14,253 14,731 19,677 20,558 21,727 14,722 15,083 15,748 20,204 18,529 19,633 13,859 14,272 15,101 14,174 14,745 15,361 382 129 379 7,150 23 1,157 6.2 5.1 5.5 7.9 4.5 7.4 14,513 14,994 15,839 16.362 17,203 17,782 15,865 16,255 17,041 20,020 20,239 21,145 14,763 15,112 15,780 15,472 15,945 16,701 247,611 217,697 29,914 6.0 5.9 6.2 18,884 19,557 20,642 19,564 20,276 21,405 15,073 15,537 16,391 1,444 5.5 6.4 5.8 7.0 9.9 6.6 7.3 6.6 5.6 7.4 16,685 21,163 14,913 15,318 12,491 19,310 14,741 14,608 22,483 16,870 17,085 22,368 15,125 15,852 12,863 19,581 15,292 14,709 22,709 17,333 1,230 561 1,028 1,370 4.9 7.7 7.0 6.2 6.5 6.2 6.4 9.0 6.4 6.2 14,793 15,679 15,363 15,254 25,947 13,714 14,405 13,356 14.596 14.536 15,526 16,319 16,030 17,223 15,713 16,691 15,954 16,780 26,945 28.297 14,357 15,137 14,798 15,691 13,821 14,998 15,229 16,202 14,906 15,792 4,356 5,239 13,470 642 4,983 2,208 63 2,209 193 564 5.5 5.7 5.5 7.6 6.4 6.8 6.9 5.2 6.6 7.2 20,171 19,751 22,527 16,387 16,235 13,626 11,862 16,458 13,124 12,806 20,783 21,662 20,633 21,645 23,276 24,513 17,062 18,274 16,856 17,819 14,161 15,092 12,299 13,021 17,064 17,771 12,875 13.564 13,270 14,204 606 1,388 753 324 7.5 5.4 7.0 6.4 6.1 6.3 5.9 6.4 6.8 6.7 12,145 14,275 14,772 14,240 17,098 18,918 14,790 16,887 19,895 16,851 12,712 14.531 15,221 14,617 17,835 19,002 15.314 17,326 20.593 17,421 13,615 15,275 16,296 15,385 19,003 20,018 16,165 18,321 21,842 18,589 6.6 6.0 6.2 6.0 5.8 5.2 9.5 6.7 5.0 6.6 15,794 14,229 15,087 13,603 17,443 29,470 19,403 18,397 15.046 14,614 16,158 15,049 15.729 13,839 16,802 30,381 20,906 18,815 15,620 15,104 17,107 15,949 16,618 14.616 17.110 31,747 22,742 19,911 16,488 15,953 17,428 17,168 13,687 15,578 16,486 14,699 14.549 14,713 13,147 16,021 18,228 16,459 14,447 16,070 17,818 15,133 14,984 15,092 14,101 16,999 19,316 16,560 15.742 17,013 18,701 16,232 16.018 16,065 14,833 17,766 16,488 16,795 17,085 17,598 17,687 17,835 18,527 18,556 18,846 31,774 1,182 3,180 683 7,111 2,151 962 13,183 2,881 2,645 101 969 2,124 10.980 634 4.133 8,696 1,560 2,122 6,466 6,115 2,061 755 2,029 681 1,793 21,906 410 5,025 1,584 676 28,570 506 244 2,453 660 1,190 91 618 580 618 29,990 539 265 2,600 659 617 653 5.0 6.4 9.0 6.0 5.9 7.4 7.2 6.6 6.4 5.6 1,048 797 3,657 1,103 838 3,883 5.2 5.2 6.2 698 1,278 98 17,777 23,812 15,998 16,854 14,042 20,723 16,384 15,584 23,699 18,379 1992 146 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1990 1992 1991 1991-92 Dollars 1990 1991 1992 15,856 17,835 15,727 19,225 16,475 18,783 16,541 19,970 636 6,260 429 6,427 651 6,630 445 6,643 691 7,030 477 6.1 6.0 7.2 5.2 15,831 16,896 15,261 18,863 19,121 17,372 1,749 19,411 17,656 1,755 20,304 18,488 1,815 4.6 4.7 3.4 1,097 3,180 1,749 10,918 2,177 1,086 3,217 1,755 11,137 2,216 1,134 3,392 1,815 11,636 2,326 4.4 5.4 3.4 4.5 5.0 22,453 19,707 20,009 18,303 19,721 52,855 38,636 14,218 55,130 40,304 14,827 58,410 42,606 15,803 5.9 15,101 15,484 16,212 5.7 15,878 16,240 16,947 6.6 13,330 13,745 14,515 Abbeville Aiken Allendale Anderson Bamberg Barnwell Beaufort Berkeley Calhoun Charleston 287 2,091 112 2,170 178 273 1,641 1,659 169 4,958 296 2,207 120 2,227 185 285 1,698 1,733 176 5,210 321 2,391 128 2,382 203 312 1,800 1,803 184 5,466 Cherokee Chester Chesterfield Clarendon Colleton Darlington Dillon Dorchester Edgefield Fairfield 579 385 484 301 419 840 317 1,227 234 270 589 396 502 318 436 893 334 1,282 248 276 632 428 557 336 465 957 356 1,314 264 297 7.3 8.2 11.0 5.7 6.8 7.1 6.5 2.5 6.4 7.8 Florence Georgetown Greenville Greenwood Hampton Horry Jasper .., Kershaw Lancaster Laurens . 1,696 673 5,625 884 219 2,200 179 660 753 826 1,795 702 5,831 912 223 2,316 185 685 771 877 1,920 746 6,084 971 237 2,443 201 713 819 941 Lexington McCormick Marion ... Marlboro Newberry Oconee Orangeburg Pickens Richland 187 2,950 88 385 305 436 901 1,076 1,314 4,948 202 3,091 92 412 343 456 919 1,111 1,357 5,132 Saluda Spartanburg Sumter Union Williamsburg York 217 3,514 1,243 361 391 2,229 Rhode Island Metropolitan portion Nonmetropolitan portion Bristol Kent Newport Providence Washington South Carolina Metropolitan portion Nonmetropolitan portion 22,228 19,871 20,037 18,753 19,882 40 17 38 12 23,220 20,876 20,931 19,702 20,641 8.3 11,984 12,339 8.3 17,160 17,522 6.2 9,522 10,193 6.9 14,906 15,210 9.4 10,575 10,933 9.6 13,382 13,765 6.0 18,848 19,030 4.1 12,806 12,992 4.5 13,217 13,708 4.9 16,759 17,149 13,338 18,595 10,890 16,063 11,939 14,796 19,596 13,240 14,184 17,947 29 2 46 11 41 20 1 32 25 6 12,978 11,942 12,536 10,564 12,133 13,538 10,881 14,648 12,702 12,111 13,052 12,162 12,849 11,038 12,391 14,236 11,430 14,805 13,385 12,269 13,861 13,117 14,290 11,602 13,075 15,034 12,086 14,966 14,156 13,270 27 34 24 43 35 17 39 18 26 31 7.0 6.3 4.3 6.4 6.6 5.5 8.7 4.1 6.2 7.3 14,786 14,427 17,492 14,836 12,036 15,182 11,563 15,143 13,775 14,181 15,352 14,681 17,980 15,168 12,160 15,524 11,810 15,503 13,969 14,947 16,192 15,260 18,574 16,029 12,855 16,040 12,772 15,870 14,817 15,906 9 16 3 13 36 12 37 15 19 14 211 3,261 100 440 353 483 954 1,196 1,423 5,455 4.6 5.5 8.2 6.9 3.1 5.9 3.8 7.7 4.9 6.3 10,124 17,463 9,964 11,362 10,373 13,127 15,603 12,657 13,913 17,266 10,884 17,830 10,367 11,985 11,577 13,641 15,757 12,908 14,009 17,621 11,286 18,338 11,082 12,727 11,924 14,447 16,182 13,773 14,425 18.553 44 5 45 38 42 22 10 28 23 4 231 3,668 1,309 373 415 2,308 240 3,932 1,388 406 445 2,448 4.1 13,259 14,132 12 15,447 15,921 6.0 12,081 12,523 8.8 11,918 12,258 7.1 10,632 11,232 6.0 16,848 17,073 14,608 16,887 13,171 13,289 12,004 17,838 33 30 40 7 10,888 3,772 7,115 11,427 4,043 7,384 12,183 4,355 7,828 6.6 15,628 16,286 7.7 17,032 17,868 6.0 14,974 15,534 17,198 18,869 16,390 Aurora Beadle Bennett Bon Homme Brookings Brown Brule Buffalo Butte Campbell 42 293 39 100 337 597 80 19 99 30 42 297 38 105 367 623 80 21 105 35 46 313 38 118 398 662 85 21 112 39 9.7 5.2 -1.2 12.6 8.5 6.3 5.7 .7 6.5 11.1 13,603 16,032 12,201 14,165 13,342 16,818 14,580 10,713 12,520 15,359 13,752 16,484 12,205 14,934 14,470 17,526 14,435 11,682 12,845 18,051 15,257 17,427 12,363 16,978 15,491 18,641 15,135 11,698 13,393 20,144 49 28 59 34 46 16 51 60 57 7 Charles Mix Clark Clay Codington Corson Custer Davtson Day Deuel 126 78 167 346 41 91 281 106 60 54 131 79 178 373 45 97 295 102 60 5: 143 84 195 403 4; 103 32" 106 64 60 9.5 6.5 9.3 7.9 5.8 6.7 8.8 3.4 6.8 4.3 13,864 17,773 12,667 15,187 9,768 14,818 16,033 15,262 13,234 9,769 14,359 18,330 13,575 16,278 10,66" 15,683 16,912 14,859 13,21 10,218 15,469 19,379 14,802 17,343 11,126 16,219 18,369 15,570 14,185 10,742 47 9 52 29 61 40 19 45 55 63 49 74 54 71 56 78 4.9 9.3 13,242 14,596 17,096 16,655 15,468 18,122 48 20 South Dakota Metropolitan portion Nonmetropolitan portion Dewey Douglas Edmunds See footnotes at end of table. Percent change 2 Millions of dollars Area name 1990 1992 19,035 19,340 20,276 18,942 19,273 20,214 20,009 20,037 20,931 Wayne Westmoreland Wyoming York Per capita personal income 3 Total personal income Rank in State 1991 1992 Dollars Rank in State 1991-92 1991 1992 Fall River Faulk Grant Gregory Haakon Hamlin Hand Hanson 106 52 132 83 51 73 84 36 108 48 138 83 51 74 85 35 110 52 142 88 48 76 79 41 2.4 9.0 3.0 6.1 -6.2 3.0 -7.1 17.9 15,787 15,471 19,754 14,692 19,769 12,104 14,968 17,384 16,620 15,799 19,809 14,847 19,898 11,780 15,617 19,322 17,004 16,871 18,798 15,252 18,628 13,965 Harding Hughes Hutchinson Hyde Jackson Jerauld Jones Kingsbury Lake Lawrence 26 236 127 30 30 49 27 92 167 298 26 253 125 30 30 49 26 97 174 314 26 270 140 28 31 49 24 99 180 337 -.7 7.0 12.5 -4.4 3.7 .9 -8.2 2.5 3.9 7.1 15,402 15,931 15,407 17,807 10,708 20,426 20,259 15,577 15,833 14,379 15,904 16,948 15,399 18,062 10,672 20,497 19,863 16,664 16,525 14,953 16,211 17,768 17,529 17,291 10,823 20,763 18,786 17,044 17,038 15,791 Lincoln Lyman McCook McPherson Marshall Meade Mellette Miner Minnehaha Moody 259 61 82 50 94 306 25 52 2,266 115 273 63 82 52 92 319 23 54 2,422 124 296 60 92 56 96 341 22 56 2,623 116 8.5 -4.7 12.1 7.8 3.5 6.7 -3.2 3.8 8.3 -6.1 16,760 16,622 14,408 15,598 19,489 13,987 11,955 15,792 18,216 17,662 17,588 17,600 14,540 16,707 19,406 14,198 10,770 16,798 19,067 18,852 18,710 16,527 16,497 18,466 20,165 14,636 10,570 18,022 20,179 17,447 Pennington Perkins Potter Roberts Sanborn Shannon Spink Stanley Sully Todd 1,248 73 56 128 48 60 161 40 50 61 1,348 75 54 125 47 65 165 40 50 67 1,436 76 59 137 49 72 171 41 53 6.5 1.9 9.2 9.9 3.8 9.6 3.6 .9 5.5 2.0 15,279 16,102 17,678 12,942 17,041 6,001 20,265 16,443 31,601 7,292 16,991 12,825 16,821 6,366 20,842 16,419 32,265 7,951 16,896 20,304 18,901 14,214 17,568 6,826 21,720 16,536 33,851 7,954 105 152 166 95 298 27 108 150 182 98 320 28 108 168 195 104 347 27 .2 12.0 7.3 6.0 8.4 -4.8 15,238 17,669 16,291 15,814 15,415 12,042 15,456 17,785 17,624 16,759 16,257 13,210 15,625 19,840 18,704 18,079 17,447 12,580 77,786 57,401 20,384 81,831 60,414 21,418 88,816 65,458 23,359 8.5 8.3 9.1 15,903 17,354 12,873 16,524 18,031 13,371 17,674 19,227 14,411 1,111 442 189 103 1,308 1,125 373 137 350 600 1,203 458 208 105 1,416 1,173 388 146 370 636 1,311 495 210 113 1,546 1,281 422 161 405 686 8.9 8.1 1.1 8.0 9.2 9.2 8.8 10.0 9.4 7.8 16,244 14,461 12,989 10,587 15,156 15,210 10,604 13,001 12,685 11,636 17,366 14,738 14,024 10,791 16,015 15,648 10,969 13,746 13,370 12,279 18,587 15,589 13,945 11,588 17,098 16,868 11,846 14,944 14,643 13,176 370 131 291 82 329 637 178 431 10,070 116 388 137 308 87 354 664 192 446 10,628 122 425 151 340 94 396 726 215 486 11,533 132 9.3 10.3 10.3 7.9 11.7 9.2 11.7 9.1 8.5 8.9 13,541 10,171 11,115 11,292 11,261 15,722 13,330 12,324 19,700 11,086 13,863 10,663 11,575 12,119 12,095 16,166 14,356 12,363 20,721 11,639 14,743 11,673 12,559 13,016 13,412 17,429 16,180 13,234 22,273 12,739 192 498 517 316 151 455 641 365 181 732 205 521 525 340 167 475 672 392 191 750 224 569 568 370 184 515 742 426 21: 794 9.4 9.1 8.2 8.8 10.1 8.5 10.3 8.8 10.9 5.8 13,294 14,108 14,796 12,343 10,297 13,085 13,816 14,135 10,533 13,073 14,138 14,528 15,059 13,190 11,322 13,518 14,511 14,892 10,908 13,266 15,320 15,583 16,287 14,233 12,345 14,586 15,986 15,975 11,910 13,867 137 721 5,268 56 271 260 590 238 270 381 146 755 5,385 61 290 277 627 263 280 394 156 824 5,730 68 312 303 679 294 307 431 6.9 9.1 6.4 12.5 7.4 9.3 8.3 11.7 9.4 9.4 10,250 14,230 18,443 8,344 11,579 11,466 13,230 12,278 12,318 13,632 10,877 14,865 18,731 9,147 12,339 11,929 13,834 13,527 12,810 14,051 11,590 15,948 19,853 10,150 13,111 12,891 14,767 15,080 13,861 15,221 Tripp Turner Union Walworth Yankton Ziebach Tennessee Metropolitan portion Nonmetropolitan portion Anderson Bedford Benton Bledsoe Blount Bradley Campbell Cannon Carroll Carter Cheatham Chester Claiborne Clay Cocke Coffee Crockett Cumberland Davidson Decatur DeKalb Dickson Dyer Fayette Fentress Franklin Gibson Giles Grainger Greene Grundy Hamblen Hamilton Hancock Hardeman Hardin Hawkins Haywood Henderson Henry 14,478 1992 April 1994 SURVEY OF CURRENT BUSINESS • 147 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 fotal personal income Percent change 2 Millions of dollars Area name 1992 Dollars 1991 1992 Hickman Houston Humphreys Jackson Jefferson Johnson Knox Lake Lauderdale Lawrence 17 9 75 19 9 102 41 3 132 5,937 75 274 465 208 80 209 107 453 142 6,323 74 286 508 224 84 222 16 1 490 152 6,813 87 322 553 74 . 43 . 66 . 87 . 82 . 65 . 78 . 17.0 12.4 88 . 11,667 10,672 12,582 10,907 13,028 9,582 17,634 10,514 11,642 13,134 12,057 11,369 13,213 11,663 13,345 9,482 18,491 10,498 12,181 14,139 12,728 11,640 14,022 12,791 14,100 9,966 19,601 11,911 13,611 15,177 72 89 50 70 49 95 5 83 58 34 Lewis Lincoln Loudon McMinn McNairy Macon Madison Marion Marshall Maury 11 0 386 457 574 283 19 8 1,206 315 31 3 802 110 389 478 585 292 21 0 1,267 330 356 887 124 425 518 627 316 223 1,391 31 5 398 987 12.2 94 . 83 . 72 . 81 . 10.6 98 . 64 . 11.7 11.3 10,918 13,689 14,530 13,535 12,572 11,864 15,418 12,640 15,239 14,496 11,475 13,727 14,818 13,663 12,908 12,492 16,032 13,126 15,844 15,257 12,592 14,951 15,569 14,394 13,999 13,630 17,340 13,878 17,315 16,517 75 37 30 47 5 1 57 1 2 53 1 3 18 Meigs Monroe Montgomery Moore Morgan Obion Overton Perry Pickett Polk 95 340 1,318 59 13 7 486 16 8 75 50 160 98 31 6 1,413 62 187 482 15 9 78 55 19 6 16 0 395 1,635 67 207 533 212 86 59 13 8 83 . 95 . 15.7 73 . 10.3 10.6 87 . 96 . 71 . 80 . 11,709 11,108 12,976 12,613 9,974 15,309 10,510 11,270 11,050 11,694 11,852 11,685 13,704 12,944 10,763 15,199 10,992 11,612 12,169 12,291 12,611 12,602 14,868 13,659 11,675 16,889 11,920 12,579 12,970 13,152 73 74 39 56 87 1 6 82 76 68 64 Putnam Rhea Roane Robertson Rutherford Scott Sequatchie Sevier Shelby Smith 746 299 674 592 1,909 197 15 0 750 15,460 13 9 784 305 710 623 2,047 206 13 1 779 16,118 203 81 5 330 770 687 2,301 224 122 81 6 17,274 219 85 . 79 . 85 . 10.4 12.4 86 . 73 . 10.5 72 . 78 . 14,446 12,265 14,274 14,202 15,948 10,706 11,784 14,612 18,671 13,607 15,011 12,354 14,874 14,584 16,492 11,095 12,575 14,671 19,281 14,185 16,000 13,040 16,016 15,714 17,875 11,888 13,245 15,749 20,447 15,210 22 66 2 1 27 8 85 60 26 3 33 Stewart Sullivan Sumner Tipton Trousdale Unicoi Union Van Buren Warren Washington 11 1 2,348 1,688 507 65 220 16 3 45 41 3 1,427 19 1 2,458 1,766 543 68 230 16 4 46 446 1,502 127 2,610 1,922 590 74 249 13 6 50 486 1,633 65 . 62 . 89 . 87 . 93 . 79 . 11.4 76 . 89 . 87 . 11,697 16,321 16,270 13,393 10,955 13,313 9,915 9,318 13,020 15,405 12,371 16,956 16,737 14,090 11,458 13,926 10,473 9,421 13,344 15,985 12,524 17,794 17,807 15,044 12,491 14,808 11,579 10,157 14,510 17,199 78 10 9 36 79 40 92 93 46 14 Wayne Weakley White Williamson Wilson 19 4 414 238 1,900 1,100 162 427 249 2,089 1,158 182 41 7 21 7 2,318 1,294 12.6 10.4 89 . 11.0 11.7 10,641 12,931 11,836 23,221 16,174 11,430 13,341 12,250 24,524 16,618 11,965 14,753 13,221 26,149 18,181 8 1 42 62 1 7 285,497 246,922 38,575 302,627 262,586 40,041 326,016 283,066 42,951 558 197 1,027 257 19 2 32 358 320 16 1 18 6 580 21 0 1,096 276 18 2 33 372 328 10 2 18 7 624 215 1,165 293 19 3 38 405 345 19 1 19 8 76 . 72 . 63 . 62 . 91 . 14.0 86 . 54 . -3 . 59 . 11,643 13,763 14,666 14,409 16,234 15,869 11,717 16,067 16,565 15,813 12,124 13,790 15,499 14,975 16,464 17,018 11,941 16,201 17,309 16,533 13,023 14,747 16,181 15,323 18,090 19,436 12,853 16,654 17,592 17,000 21 2 19 7 10 1 14 5 56 33 224 92 67 83 499 7 1 290 2,676 18,553 98 17 216 1,271 3,243 533 68 304 2,715 19,683 15 0 1 3 217 1,305 3,464 580 74 317 3,087 21,365 11 1 1 6 232 1,378 3,604 88 . 95 . 42 . 13.7 85 . 64 . 23.0 67 . 56 . 40 . 13,053 16,168 11,599 13,982 15,618 16,381 20,834 14,260 15,529 16,837 13,795 16,016 12,051 14,338 16,311 16,722 17,605 14,414 15,935 17,402 14,662 17,758 12,823 16,196 17,326 16,688 22,579 15,262 16,751 17,681 15 8 64 226 19 0 70 90 12 16 5 88 65 1,522 14 1 37 77 448 19 7 31 5 313 262 14 5 1,617 14 1 33 8 1 464 190 375 330 273 10 6 1,743 19 1 37 89 496 207 393 360 293 13 7 77 . 44 . 11.1 94 . 68 . 85 . 48 . 92 . 73 . 84 . 12,481 13,191 19,237 9,453 13,068 13,122 15,511 11,897 13,724 13,109 13,173 13,431 17,838 10,052 13,465 13,929 16,501 12,441 14,038 13,551 13,923 13,777 19,557 10,855 14,510 14,831 17,040 13,423 14,567 14,619 208 210 30 240 193 16 7 8 1 218 11 9 19 8 1990 Texas Metropolitan portion Nonmetropolltan portion Anderson Andrews Angelina Aransas Archer Armstrong Atascosa Austin Bailey Bandera Bastrop Baylor Bee Bell Bexar Blanco Borden Bosque Bowie Brazoria , Brazos Brewster Briscoe Brooks Brown Burleson Burnet Caldweil Calhoun Callahan See footnotes at end of table. 1991 1991-92 1990 Area name 1992 7 7 16,747 17,440 18,437 . 7 8 17,353 18,075 19,074 . 7 3 13,690 14,178 15,110 . Per capita personal income3 Total personal income Rank in State Percent change 2 Millions of dollars 1990 1991 1992 1991-92 Rank in State Dollars 1992 1990 1991 1992 9,590 16,255 16,193 13,204 17,796 15,015 13,552 15,267 14,931 14,991 9,923 17,140 16,833 13,931 18,495 16,032 14,355 14,836 14,941 15,304 10,649 18,663 19,039 14,851 19,008 16,433 15,558 16,535 16,361 17,873 242 45 38 175 40 100 144 97 103 62 22.9 6.6 16.7 12,987 13,975 15,023 12,717 13,144 14,363 23,372 23,748 24,363 15,957 14,846 17,662 15,271 16,308 16,656 17,963 18,449 19,393 15,152 14,755 16,008 13,543 12,314 15,230 14,649 15,268 16,116 9,670 10,971 167 196 6 66 91 34 121 158 114 238 37 64 66 108 32 129 44,812 225 336 75 10.6 2.1 6.1 22.9 6.5 5.1 7.2 24.5 1.7 7.7 15,300 12,987 14,486 15,136 9,394 19,596 21,172 15,658 16,253 13,936 15,630 13,305 15,159 12,112 9,244 22,201 22,097 12,737 17,587 14,665 17,793 13,823 16,289 14,990 9,981 23,190 23,420 15,967 17,910 16,072 63 209 105 169 245 10 8 124 61 117 5,354 275 35 92 62 123 245 1,761 29 1,406 5,781 295 38 97 67 139 260 1,820 31 1,548 8.0 7.2 8.2 5.8 6.5 18,443 14,094 14,615 8,291 16,775 9,272 12,832 14,007 12,031 15,483 18,814 15,017 14,466 8,593 17,708 9,643 13,448 14,600 12,985 16,254 19,614 16,168 15,720 9,213 19,020 10,902 14,561 14,878 12,614 17,577 111 135 249 39 239 192 173 228 4,386 111 7,124 435 228 360 344 60 144 29 4,778 115 7,854 472 239 387 369 74 145 33 5,188 124 11,508 15,547 11,859 13,962 16,137 15,234 17,616 18,874 19,204 14,084 11,615 15,374 13,063 14,754 17,360 13,020 16,946 16,701 19,765 14,478 12,497 16,587 13,652 15,983 18,411 16,414 17,186 19,831 20,283 15,572 230 93 212 122 50 101 75 26 23 143 Freestone .... Frio Gaines Galveston .... Garza Gillespie Glasscock .... Goliad Gonzales Gray 212 141 195 3,787 62 272 27 76 231 419 225 149 168 4,023 60 297 24 81 247 430 244 162 202 4,317 72 318 30 86 271 460 14,329 18.2 7.3 27.4 5.8 9.6 7.0 13,403 10,379 13,841 17,344 12,145 15,822 18,492 12,657 13,488 17,631 15,609 10,661 11,836 14,141 18,032 18,928 12,014 14,416 17,064 17,972 16,369 21,129 13,432 14,157 14,367 15,846 18,288 19,647 140 241 201 42 194 59 19 200 127 27 Grayson Gregg Grimes Guadalupe ... Hale Hall Hamilton Hansford Hardeman .... Hardin 1,527 1,815 239 910 513 61 117 141 81 574 1,582 1,903 245 965 500 51 125 148 76 625 1,656 2,040 260 1,051 518 59 135 161 82 674 4.7 7.2 6.1 9.0 3.6 15.0 8.2 8.7 8.5 7.9 16,073 16,578 17,418 17,272 17,801 18,900 12,663 12,843 13,432 13,994 14,671 15,783 14,796 14,398 14,721 15,625 13,218 15,437 15,160 16,565 18,110 24,175 26,145 28,701 15,453 15,276 16,535 13,870 14,740 15,491 43 217 129 180 148 55 3 98 146 Harris Harrison ....... Hartley Haskell Hays Hemphill Henderson ... Hidalgo Hill Hockley 57,080 789 99 105 879 63 776 3,487 357 310 61,644 822 105 91 949 70 808 3,771 379 326 66,265 877 112 108 1.041 73 874 4,126 407 361 7.5 6.7 6.8 17.7 9.7 4.4 8.2 9.4 7.2 10.9 20,140 21,217 22,298 13,731 14,405 15,346 27,303 30,630 15,583 13,705 16,240 13,361 14,177 15,213 16,990 19,039 20,958 13,245 13,705 14,615 9,008 9,802 9,386 13,111 13,922 14,891 12,810 13,359 14,702 14 153 2 108 159 20 190 246 171 181 Hood Hopkins Houston Howard Hudspeth Hunt Hutchinson ... 517 441 304 484 28 955 430 556 447 316 492 22 1,000 457 606 498 335 515 26 8.9 11.4 6.0 4.8 16.6 7.2 2.7 17,884 18,448 15,326 15,477 14,243 14,828 15,031 15,302 7,438 9,559 14,843 15,628 16,835 17,854 32 72 134 119 251 99 48 2,680 172 109 419 163 326 581 88 146 64 2,968 189 123 445 166 338 627 102 158 75 10.8 10.1 12.8 6.3 1.9 3.5 7.9 15.9 8.1 17.4 47 123 6,606 52 297 981 195 37 468 604 50 135 7,087 61 304 1,070 211 46 499 705 6.2 9.8 7.3 107 39,390 224 312 67 33 63 63 88 30 123 41,802 180 331 70 Denton De Witt Dickens Dimmit Donley Duval Eastland Ector Edwards Ellis 5,092 265 37 86 62 119 236 1,664 27 1,322 El Paso Erath Falls Fannin Fayette Fisher Floyd Foard Fort Bend .... Franklin 6,863 436 210 346 323 73 149 34 Cameron Camp Carson Cass Castro Chambers .... Cherokee Childress Clay Cochran 2,512 161 106 396 160 302 555 91 149 Coke Coleman Collin Collingsworth Colorado Comal Comanche ... Concho Cooke Coryell 44 123 6,231 Cottle Crane Crockett Crosby Culberson .... Dallam Dallas Dawson Deaf Smith .. Delta 34 60 59 111 32 66 57 280 933 203 41 454 622 1,072 469 18.6 2.3 9.1 8.4 12.7 6.2 3.3 6.5 10.1 10.2 8.5 4.7 7.7 7.1 23.7 1.0 14.7 8.6 8.5 8.3 9.0 20.1 7.3 19,485 17,223 15,724 16,024 8,684 16,509 18,507 148 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total persona! income Area name Percent change 2 Millions of dollars 1990 1991 1992 991-92 Dollars 1990 1991 1992 29 97 213 30 102 218 4.7 5.3 2.3 16,242 18,139 13,219 14,391 14,859 16,613 18,543 15,105 16,835 47 163 85 412 27 4,024 58 436 1,450 225 147 767 441 28 4,313 64 467 1,501 210 156 806 311 481 29 4,644 68 497 1,619 235 166 869 338 9.0 2.4 7.7 6.9 6.4 7.9 12.0 6.7 7.9 8.6 13,278 14,184 13,832 14,784 16,814 17,864 11,445 12,632 11,589 12,273 14,913 15,249 13,720 13,027 11,818 12,680 14,617 15,021 19,638 20,386 15,366 15,105 19,089 13,485 12,998 16,159 14,977 13,645 15,976 21,333 150 164 37 216 222 112 170 213 123 18 9 13 652 54 6 28 350 73 648 238 10 12 687 58 6 32 389 70 673 226 10 14 730 63 6 34 390 76 730 243 1.4 17.5 6.2 8.2 -9.5 6.4 .3 8.0 8.4 7.8 20,590 12,437 17,951 13,067 15,932 9,091 11,627 14.97: 14,724 15,909 23,660 23,606 12,564 15,004 18,796 19,586 14,063 15,247 19,697 17,195 10,126 10.574 12,978 12,845 14,740 15,907 15,331 16,585 15,228 16,576 168 29 157 74 243 225 125 95 96 Lampasas La Salle Lavaca Lee Leon Liberty Limestone Lipscomb Live Oak Llano 177 55 277 171 175 728 279 58 112 187 184 58 289 183 189 787 298 57 125 199 200 64 309 201 204 847 315 60 140 210 8.7 9.6 7.1 10.2 8.1 7.6 5.6 6.5 13,110 10,333 14,881 13,359 13,858 13,769 13,367 18,713 11,748 16,133 13,656 10,758 15,510 14,300 14,747 14,648 14,337 18,357 12,841 17,141 14,670 11,773 16,790 15,586 15,779 15,442 15,264 19,970 14,273 17,969 184 234 86 142 130 147 155 25 198 60 Loving Lubbock Lynn McCulloch McLennan McMullen Madison Marion Martin Mason 3,521 111 116 2,776 15 145 120 78 50 3 3,626 90 121 2,916 17 153 126 62 52 4 3,860 116 130 3,117 18 167 135 69 55 14.3 6.5 28.7 7.2 6.9 4.4 9.1 7.3 12.0 6.1 26,589 15,801 16,507 13,303 14,648 18,896 13,299 12,061 15,752 14,753 30,772 25,184 16,181 17,185 13,375 17,220 14,625 15,85' 15,289 16,272 21,485 21,952 13,895 15,108 12,679 13,537 12,937 14,204 15,604 16,389 4 76 73 126 106 16 162 214 199 102 Matagorda , Maverick Medina Menard Midland Milam Mills Mitchell Montague Montgomery 534 254 341 28 2,223 314 66 110 238 3,174 595 279 364 30 2,417 337 66 105 249 3,443 593 312 390 33 2,550 362 72 115 269 3,730 -.4 12.1 7.4 12.0 5.5 7.6 9.7 9.3 8.1 8.3 14,516 6,900 12,426 12,428 20,828 13,695 14,546 13,82< 13,838 17,231 15,791 15,622 7,687 7,192 12,977 13,708 13,568 14,795 22,159 22,880 14,789 15,836 14,569 16,0213,659 15,028 14,53; 15,772 17,810 18,313 138 253 211 177 11 128 120 166 131 52 27172 23 722 565 137 228 4,440 169 47 295 185 23 755 598 149 229 4,756 156 52 303 196 23 815 646 161 245 5,118 173 52 2.9 6.1 1.1 8.0 8.1 8.5 6.9 7.6 11.0 -.6 15,403 16,33; 13,105 14,116 15,353 15,561 13,179 13,768 14,155 15,055 10,149 11,067 13,762 14,049 15,213 16,034 18,544 17,539 20,87 23,583 16,787 15,135 16,150 14,890 16,27 11,952 15,199 87 161 113 172 107 231 160 82 31 Orange Palo Pinto Panola Parker Parmer Pecos Polk Potter Presidio Rains 1,144 347 288 1,033 20' 148 425 1,462 59 1,238 357 294 1,080 221 156 450 1,564 63 91 1,336 381 312 1,164 22165 49 1,713 66 98 7.9 6.9 6.1 7.8 1.1 5.9 9.1 9.6 4.5 7.6 14,196 15,119 16,07 13,868 14,264 15,524 13,075 13,355 14,130 15,82] 16,254 17,165 22,46' 20,343 22,32 10,13' 10,773 11,526 13,76; 14,092 14,635 14,942 15,84- 17,17' 9,646 8,71 9,545 12,90c 13,310 14,08 Randall Reagan Real Red River Reeves Refugio Roberts Robertson Rockwal! Runnels 1,580 49 29 182 164 125 19 190 558 156 1,648 54 32 18: 169 140 20 19' 589 154 1,769 5" 35 202 184 142 2' 17,618 10,922 12,167 12,761 10.39c 15,81 18,402 214 637 164 7.3 -5.1 8.9 8.2 8.9 1.3 4.6 8.8 8.3 6.5 18,207 12,07' 13,436 13,323 10,765 17,971 19,705 12,229 12,811 21,533 21,64' 13,875 13,954 639 125 96 191 663 132 102 199 757 7" 703 142 11 21 799 86 6.1 7.8 8.4 9.6 5.6 11.6 14,602 15,154 13,095 13,660 12,106 12,980 11,634 11,856 11,848 12,689 13,982 14,869 , Jasper Jeff Davis Jefferson Jim Hogg Jim Wells Johnson Jones Karnes Kaufman Kendall Kenedy Kent Kerr Kimble King Kinney Kleberg Knox Lamar Lamb , , , , Moore Morris Motley Nacogdoches Navarro Newton Nolan Nueces Ochiltree Oldham , , Rusk Sabine San Augustine San Jacinto San Patricio San Saba See footnotes at end of table, 11.9 5.3 Area name Percent change 2 Millions of dollars 1990 1992 26 92 193 Irion jack Jackson Per capita personal income 3 Total personal income Rank in State 1991 1991-92 1992 Rank in State Dollars 1990 1991 1992 12,280 13,859 17,063 14,047 1992 36 256 53 294 37 255 56 309 40 274 58 341 6.9 7.4 4.5 10.2 11,850 13,741 16,099 13,378 13,061 14,660 18,016 15,646 220 186 58 136 2,560 79 215 122 15 34 58 167 22,527 97 2.685 86 240 127 17 33 65 177 23,587 103 2,880 92 270 135 20 36 66 181 25,351 5.3 7.3 7.0 12.7 6.6 17.2 9.8 2.2 2.6 7.5 31,174 34,234 36,822 16,906 17,532 18,648 15,034 16,244 16,586 5,261 5,592 6,015 13,664 14,686 15,764 10,188 11,502 12,964 17,081 16,353 18,072 14,001 14,973 15,591 20,727 22,209 21,872 19,149 19,617 20,778 1 46 94 254 132 223 57 141 17 21 1,871 23 181 46 366 1,513 10,641 143 215 1,947 24 182 40 386 1,582 11,289 149 233 440 2,081 25 200 43 418 1,684 12,307 160 248 475 6.9 4.9 10.2 7.3 8.3 6.5 9.0 7.7 6.4 8.0 15,658 16,438 16,387 17,208 13,737 13,888 24,832 22,098 15,213 15,980 15,401 16,151 18,355 18,951 12,550 13,009 12,928 13,82: 12,997 13,734 17,263 18,434 15,417 24,378 17,132 16,993 20,072 13,947 13,942 14,674 71 49 149 5 80 84 24 206 207 183 60 277 391 512 1,223 576 325 178 456 1,208 60 291 424 538 1,327 588 347 184 474 1,356 65 309 454 577 1,415 626 375 183 503 1,542 9.0 6.3 7.2 7.3 6.7 6.4 8.1 -.4 6.1 13.7 13,732 14,004 15,632 11,862 12,326 12,774 10,111 10,615 11,167 13,476 13,968 14,864 16,399 17,535 18,371 11,320 11,348 11,881 13,884 15,044 15,733 13,661 14,373 14.647 17,456 18,166 18,962 8,972 9,624 10,387 137 227 236 174 51 232 133 187 96 1,977 231 135 2,180 293 104 497 411 614 101 2,060 219 149 2,370 311 109 505 429 640 106 2,192 237 170 2,625 339 114 549 465 4.4 4.9 6.4 8.7 14.1 10.8 9.0 5.1 8.8 8.4 14,924 16,553 16,180 15,348 7,615 15,501 12,858 12,171 14,291 13,986 15,461 16,055 17,810 19,216 17,042 18,204 14,781 16,293 8,303 9,299 16,183 17,146 13,356 14,278 12,676 13,522 14,279 15,350 14,583 15.620 118 36 53 104 248 79 197 215 152 139 124 300 72 86 129 308 79 93 14; 330 86 100 7.1 9.4 7.0 14,204 16,651 7,727 7,054 14,773 17,319 8,248 7,571 89 44 250 252 24,320 19,444 4,876 26,076 20,910 5,166 28,206 22,615 5,591 8.2 8.2 8.2 14,063 14,759 15,573 14,500 15,269 16,117 12,554 13,001 13,703 Beaver ..„ Box Elder Cache Carbon Daggett Davis Duchesne Emery Garfield Grand 60 516 869 286 g 2,621 14 124 47 61 531 922 294 9 2,790 153 129 48 84 65 564 996 31 10 2,998 17' 138 51 95 6.2 6.2 8.1 6.5 8.0 7.5 11.4 7.7 6.6 13.8 12,503 12,766 14,110 14,397 12,351 12,85' 14,202 14,558 12,303 12,185 13,875 14,371 11,449 11.998 11,993 12,414 11,982 12,039 12,200 12,448 13,265 15,043 13,610 15,491 13,155 14,994 13,065 13,504 12,631 13,343 15 6 12 5 16 7 17 13 22 14 116 145 202 78 13 235 188 77 247 204 Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan Sanpete 232 64 64 139 7 13 2 11,420 103 174 241 69 66 145 75 13 26 12,260 10.1 7.8 8.7 3.4 8.3 5.9 3.5 8.4 14.4 6.1 11,105 11,027 12,295 12,299 12,786 10,332 12,071 15,668 8,132 10,694 11,333 11,753 12,910 12,700 13,365 10,43^ 15,439 16,455 8,839 10,892 12,154 12,556 13,788 13,002 14,022 11,079 15,859 17,408 9,609 11,229 25 23 11 19 186 266 75 72 150 8 14 2; 13,29123 198 19,252 11,129 14,396 14,67! 11.83C 18.145 20,308 14,097 21,993 15,056 35 237 195 182 233 54 22 203 15 165 Sevier Summit Tooele Uintah Utah Wasatch Washington Wayne Weber 183 348 35' 240 3,015 126 582 23 2,386 193 378 377 25; 3,313 137 640 24 2,54' 205 416 408 277 3,590 149 70' 26 2,736 6.0 9.9 8.2 8.0 8.4 9.1 9.5 11.9 7.4 11,852 22,102 13,38' 10,749 11,399 12,45' 11,852 10,494 15,04! 12.40J 12,948 22,26c 22,859 13,911 14,810 11,15" 11,78' 12,314 13,052 13,093 13,929 12,236 12,660 10,757 12,44 15,801 16,616 20 1 8 16,11 14,781 13,955 12,558 13.186 15.358 115 178 205 229 219 151 9,846 3,359 6,487 10,077 3,448 6,629 10,73 3,652 7,085 6.5 5.9 6.9 17,444 17,750 18,792 18,907 19,207 20,150 16,77; 17,071 18,161 51 66' 53c 67 7.3 6.4 15,51! 18,43' 17,013 19,533 23,200 7 Schleicher Scurry Shackelford Shelby Sherman Smith Somervell Starr Stephens Sterling Stonewall Sutton Swisher Tarrant Taylor Terrell Jerry Throckmorton Titus Tom Green Travis Trinity Tyler Upshur Upton Uvalde Val Verde Van Zandt Victoria Walker Waller Ward Washington Webb Wharton Wheeler Wichita Wilbarger Willacy Williamson Wilson Winkler Wise Wood Yoakum Young Zapata Zavala Utah Metropolitan portion Nonmetropolltan portion Vermont Metropolitan portion Nonmetropolitan portion Addison Bennington 57; 71- 15,926 18,808 16,720 18,747 8,743 8,094 16,882 19,988 41 244 4 2 29 27 26 18 10 21 24 3 April 1994 SURVEY OF CURRENT BUSINESS • 149 Table 2.—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income3 Total personal income Area name Percent change 2 Millions of dollars 1990 1991 Rank in State Dollars , Virginia Metropolitan portion Nonmetropolitan portion 1991 1992 421 2,731 77 618 100 347 390 346 459 2,876 83 670 106 374 419 373 9.0 5.3 7.8 8.3 6.8 7.8 7.4 7.6 14,615 20,151 11,524 14,962 17,873 16,890 14,694 13,919 14,958 20,510 11,983 15,127 17,988 17,093 14,680 14,232 16,236 21,430 12,646 16,171 18,919 18,227 15,627 15,226 1,027 969 762 1,013 1,060 980 778 1,025 1,125 1,038 842 1,086 6.1 6.0 8.3 5.9 16,502 17,592 18,295 18,717 16,990 17,770 18,772 18,890 18,009 18,729 20,236 19,977 121,397 100,583 20,813 Rutland Washington Windham Windsor 1990 409 2,661 74 602 96 335 387 336 Caledonia Chittenden Essex Franklin Grand Isle Lamoille Orange Orleans 126,206 104,820 21,386 133,534 110,959 22,575 5.8 5.9 5.6 19,543 20,071 20,883 20,979 21,568 22,396 14,685 14,976 15,677 1992 1991-92 Percent change 2 Millions of dollars Area name 1992 10 1 14 11 5 7 12 13 Per capita personal income3 Total personal income Rank in State Dollars 1990 1991 1992 30,442 16,914 15,119 15,501 14,851 14,778 23,012 18,200 15,867 18,928 1990 31,095 17,324 15,896 16,109 15,869 15,506 23,385 18,563 16,571 19,508 Independent Cities: Alexandria Chesapeake Hampton Newport News Norfolk Portsmouth Richmond Roanoke Suffolk Virginia Beach 3,387 2,595 2,027 2,648 3,878 1,534 4,680 1,759 830 7,495 3,499 2,756 2,156 2,769 4,011 1,607 4,743 1,804 874 7,890 3,706 2,940 2,268 2,949 4,267 1,695 5,037 1,937 915 8,429 2,189 2,293 2,411 5.1 20,124 21,015 22,128 365 1,676 887 1,909 420 1,279 378 1,690 929 1,946 432 1,322 1,764 982 2,038 460 1,387 5.3 4.4 5.7 4.7 6.3 5.0 14,735 17,096 17,052 16,776 12,599 16,936 24,591 1,196 199 26,105 1,226 217 27,674 1,290 229 6.0 5.2 5.6 17,504 17,592 18,205 14,062 13,825 13,607 487 1,215 941 1,169 1,575 769 500 1,211 984 1,182 1,614 528 1,278 1,035 1,238 1,717 845 5.5 5.5 5.2 4.7 6.4 6.0 13,491 16,622 20,142 12,972 14,461 15,173 4,855 2,142 5,053 2,175 5,365 2,296 6.2 5.6 19,239 19,534 20,100 20,761 20,954 22,139 451 1,423 1,498 490 1,597 4.4 6.6 14,180 14,673 15,230 16,057 16,737 17,521 401 1,419 948 635 1,054 418 1,452 988 663 1,114 440 1,543 1,041 705 1,176 5.3 6.3 5.4 6.4 5.5 15,732 18,286 14,724 14,491 19,615 94,420 81,190 13,230 100,758 86,711 14,046 109,485 94,300 15,186 8.7 8.8 8.1 19,268 20,087 21,289 19,967 20,831 22,084 15,857 16,455 17,400 248 267 2,000 909 982 4,305 69 1,374 396 83 239 291 2,192 983 1,037 4,537 67 1,485 429 86 267 315 2,423 1,065 1,106 4,909 74 1,541 480 91 12.1 8.2 10.5 8.3 6.6 8.2 11.0 3.7 12.0 5.2 18,213 15,069 17,621 17,369 17,287 17,880 17,268 16,663 15,001 13,038 17,034 16,132 18,821 18,550 17,847 18,004 17,191 17,659 15,513 13,178 18,693 17,010 20,122 19,732 18,532 18,837 18,757 18,102 16,823 13,476 32,761 17,712 16,551 16,632 16,815 16,237 24,902 20,024 17,182 20,210 Combination Areas: 5 Albemarle + Charlottesville Allegheny, Clifton Frg. + Covington Augusta, Staunton + Waynesboro Bedford + Bedford City Campbell + Lynchburg Carroll + Galax Dinwiddie, Col. Hts. + Petersburg Fairfax, Fairfax City + Falls Church Frederick + Winchester Greensville + Emporia 15,327 17,096 17,442 17,015 12,925 17,371 16,307 17,707 17,991 17,753 13,676 18,040 464 133 382 178 5,166 80 78 398 188 458 472 137 391 185 5,337 83 80 415 195 466 496 145 408 195 5,640 89 84 442 202 491 5.1 5.5 4.4 5.2 5.7 6.8 5.6 6.3 3.4 5.4 14,649 15,083 13,326 14,493 30,248 16,699 11,933 15,885 11,784 14,655 14,813 15,338 13,562 14,797 31,293 17,480 12,251 16,268 12,127 14,717 15,504 15,735 14,050 15,530 32,872 18,648 12,690 17,110 12,422 15,509 69 63 9 1 67 1 26 13 0 43 104 68 163 284 93 145 4,543 224 58 498 117 213 172 286 95 150 4,635 232 60 506 124 227 183 303 101 159 4,878 242 63 523 129 245 6.1 5.8 6.1 6.3 5.3 4.1 4.6 3.5 4.0 7.7 12,623 14,697 14,717 12,364 21,493 18,516 13,234 17,708 14,925 12,138 13,251 14,441 15,117 12,687 21,239 19,374 13,386 17,640 15,853 12,811 14,053 15,078 15,838 13,433 21,660 20,170 14,065 17,963 16,393 13,788 90 78 62 98 12 17 89 32 50 94 133 1,155 163 198 568 234 484 328 194 149 138 1,190 171 207 577 239 506 340 201 154 149 1,236 176 222 618 250 536 361 214 164 7.4 3.9 3.3 7.0 7.2 4.7 6.0 5.9 6.5 6.4 15,260 23,581 13,556 15,721 14,298 14,311 15,986 23,088 11,917 14,347 15,762 23,961 14,050 15,590 14,228 14,610 16,488 23,372 12,466 14,084 16,701 24,389 14,240 15,853 15,107 15,272 17,137 24,054 13,247 14,206 46 7 87 60 77 72 42 6 11 0 88 1,266 5,155 39 414 97 249 197 236 267 2,141 1,280 5,305 40 437 100 261 204 247 278 2,198 1,353 5,564 41 455 110 270 217 254 300 2,332 5.7 4.9 2.8 4.3 10.1 3.4 6.3 2.8 8.1 6.1 19,843 23,604 14,629 16,431 15,418 18,245 17,901 21,619 10,917 24,587 19,486 24,073 15,539 17,006 15,877 18,208 22,660 11,405 24,403 19,972 24,933 15,926 17,405 17,448 18,851 18,756 23,286 12,314 24,743 2 1 4 59 39 38 22 23 9 105 6 Adams Asotin Benton Chelan Clallam Clark Columbia Cowlitz Douglas Ferry Louisa Lunenberg Madison Mathews Mecklenburg Middlesex Nelson New Kent Northampton Northumberland 309 146 163 158 415 150 181 182 194 183 313 147 170 162 429 157 186 189 195 189 331 154 178 171 451 165 196 198 207 203 5.8 4.7 4.2 5.5 5.2 5.3 4.9 5.0 6.0 7.4 15,084 12,807 13,585 18,932 14,207 17,269 14,154 17,273 14,838 17,385 14,960 12,772 14,059 19,393 14,572 17,748 14,295 17,425 15,004 17,686 15,424 13,407 14,763 20,402 15,194 18,542 14,940 17,994 16,021 18,687 70 100 14 75 27 8 1 30 56 25 Franklin Garfield Grant Grays Harbor Island Jefferson King Kitsap Kittitas Klickitat 538 42 788 995 985 359 37,272 3,324 397 251 584 41 853 1,052 1,051 389 39,802 3,635 417 257 633 43 957 1,133 1,137 419 43,251 3,945 454 274 8.4 4.8 12.2 7.7 8.2 7.8 8.7 8.5 8.9 6.4 14,272 18,921 14,328 15,457 16,158 17,609 24,593 17,318 14,808 15,072 14,920 18,378 14,983 16,263 16,799 18,215 25,947 18,145 15,074 15,356 15,620 19,236 16,289 17,295 17,363 18,765 27,769 18,717 16,251 15,974 Nottoway Orange Page Patrick Powhatan Prince Edward Pulaski Rappahannock Richmond Russell 207 345 303 240 241 214 463 125 106 351 216 350 317 245 246 219 457 131 107 368 226 365 338 257 261 232 482 136 113 388 13,771 15,999 13,912 13,760 15,599 12,307 13,418 18,745 14,557 12,246 14,350 15,827 14,434 14,005 15,321 12,602 13,282 19,612 14,793 12,769 15,036 16,244 15,173 14,662 15,560 13,146 13,960 20,075 15,417 13,422 79 54 76 85 66 102 92 1 9 7 1 99 Lewis Lincoln Mason Okanogan Pacific Pend Oreille Pierce San Juan Skagit Skamania 921 174 551 481 280 117 10,038 245 1,429 133 962 168 600 520 298 126 10,505 267 1,533 141 1,038 182 651 599 323 138 11,377 284 1,643 147 7.8 8.8 8.6 15.3 8.4 10.0 8.3 6.7 7.2 4.3 15,451 19,607 14,236 14,409 14,748 13,076 17,002 24,108 17,767 15,990 15,850 18,752 14,679 15,471 15,564 13,703 17,363 25,044 18,328 16,574 16,883 20,242 15,231 17,483 16,527 14,326 18,361 26,108 19,057 17,133 287 502 433 1,057 93 148 640 426 231 347 303 516 454 1,112 93 152 660 438 238 360 321 546 484 1,174 97 161 704 454 254 380 12,388 15,769 13,367 16,963 15,027 14,501 13,910 16,170 14,832 13,626 13,130 16,074 13,948 16,742 15,039 14,875 14,156 16,201 14,957 14,023 13,827 16,903 14,747 16,557 15,224 15,845 15,026 16,366 15,689 14,782 93 44 84 48 74 6 1 80 52 65 82 Snohomish Spokane Stevens Thurston Wahkiakum Walla Walla Whatcom Whitman Yakima 8,768 5,922 410 2,946 55 742 2S157 530 2,935 9,416 6,354 445 3,207 57 770 2,335 535 3,093 10,355 6,888 482 3,496 62 838 2,508 578 3,379 10.0 8.4 8.3 9.0 8.4 8.9 7.4 8.0 9.2 18,613 16,320 13,190 18,076 16,603 15,304 16,724 13,666 15,496 19,413 17,091 13,983 18,925 17,042 15,431 17,518 13,933 15,986 20,653 18,069 14,447 19,801 17,976 16,610 18,184 15,081 17,062 Accomack Amelia Amherst Appomattox Arlington Bath Bland Botetourt Brunswick Buchanan , Buckingham Caroline Charles City Charlotte Chesterfield Clarke Craig Culpeper Cumberland Dickenson , , Essex Fauquier Floyd Fluvanna Franklin Giles Gloucester Goochland Grayson Greene , ,. Hanover Henrico Highland Isle of Wight King and Queen King George King William Lancaster Lee Loudoun Scott Shenandoah Smyth .. Stafford Surry Sussex Tazewell Warren Westmoreland Wythe See footnotes at end of table. 8 3 Halifax + South Boston Henry + Martinsville James City + Williamsburg Montgomery + Radford Pittsylvania + Danville Prince George + Hopewell Pr. William, Manassas + Manassas Park Roanoke + Salem Rockbridge, Buena Vista + Lexington Rockingham + Harrisonburg Southampton + Franklin Spotsylvania + Fredricksburg Washington + Bristol Wise + Norton York + Poquoson Washington Metropolitan portion Nonmetropolitan portion 30,088 31,204 13,888 16,603 20,546 13,166 14,775 15,990 16,523 18,163 15,254 15,067 19,915 14,522 17,537 21,095 13,657 15,705 16,369 17,209 18,753 16,004 15,965 20,203 1992 150 • April 1994 SURVEY OF CURRENT BUSINESS Table 2.-—Total Personal Income and Per Capita Personal Income by County, 1990-92—Continued Per capita personal income 3 Total personal income Area name Percent change 2 Millions of dollars 1991-92 Dollars 1991 1992 14,695 16,527 13,380 15,598 17,507 14,227 190 1,016 396 159 403 1,708 88 104 81 643 7.3 10,705 7.8 14,694 6.6 13,383 6.2 11,272 4.9 13,923 7.0 15,636 10.7 9,670 8.2 9,031 7.1 10,293 6.7 11,661 11,319 15,290 14,241 11,429 14,230 16,526 10,133 9,610 10,622 12,598 11,996 16,103 14,921 12,136 15,055 17,713 11,117 10,328 11,337 13,401 45 10 1 9 44 18 4 5 1 55 50 32 148 475 190 590 143 998 313 572 3,685 87 160 507 201 592 153 1,064 330 588 3,855 92 166 542 216 626 168 1,132 365 616 4,114 6.8 3.7 6.8 7.5 5.8 9.9 6.4 10.6 4.7 6.7 10,499 14,211 13,701 11,461 16,758 13,010 14,413 12,078 15,817 17,771 11,578 15,176 14,504 11,722 16,788 13,667 15,319 12,691 15,921 18,597 12,325 15,555 15,360 12,339 17,802 14,877 16,160 13,980 16,360 19,803 43 15 1 6 42 3 20 9 28 7 2 203 201 539 368 824 506 306 944 346 415 216 210 575 383 866 530 319 1,000 366 447 228 229 617 409 555 344 1,056 380 484 5.6 9.3 7.4 6.7 3.5 4.8 7.8 5.6 3.9 8.2 11,837 9,403 12,567 10,521 14,407 13,565 12,169 14,552 12,970 12,334 12,595 9,775 13,331 11,118 15,103 14,259 12,706 15,442 13,639 13,201 13,169 10,579 14,361 11,988 15,572 14,868 13,814 16,231 14,086 14,395 33 53 24 46 1 4 2 1 29 8 27 23 Monongalia Monroe Morgan Nicholas Ohio Pendleton Pleasants Pocahontas Preston Putnam 1,139 146 160 319 925 98 103 107 350 625 1,220 152 174 333 979 108 108 114 363 674 1,341 158 188 348 1,035 115 119 124 382 725 10.0 4.2 7.9 4.7 5.7 6.7 10.1 8.5 5.3 7.6 15,072 11,794 13,149 11,906 18,227 12,230 13,634 11,956 12,041 14,531 16,024 12,172 13,997 12,437 19,505 13,413 14,270 12,813 12,417 15,253 17,306 12,589 14,701 12,901 20,640 14,333 15,733 13,755 12,990 15,986 6 38 22 35 1 25 12 30 Raleigh Randolph Ritchie , Roane Summers Taylor Tucker Tyler Upshur Wayne 1,064 338 111 153 140 155 93 111 266 477 1,145 368 117 164 152 167 100 117 277 503 1,216 398 127 178 163 177 106 124 289 539 6.2 13,854 8.3 12,146 10,803 10,187 7.7 9,897 6.3 10,280 6.4 12,085 5.6 11,381 4.1 11,611 7.1 11,469 14,840 13,070 11,488 10,851 10,864 10,985 12,914 11,928 12,010 12,011 Webster Wetzel Wirt Wood Wyoming 97 260 51 1,352 323 99 279 53 292 58 1,420 338 1,521 361 9,036 13,532 9,781 15,546 11,151 62,184 23,105 88,812 64,806 24,006 95,049 69,382 25,667 17,399 18,625 14,781 179 214 582 183 3,522 212 154 551 777 417 188 228 611 192 3,707 212 161 567 804 421 713 209 7,311 752 217 7,756 Barbour Berkeley Boone Braxton Brooke Cabell Calhoun Clay Doddridge Fayette !..".""" Gilmer Grant Greenbrier Hampshire Hancock Hardy Harrison Jackson Jefferson Kanawha Lewis Lincoln Logan McDowell Marion Marshall Mason Mercer Mineral Mingo Wisconsin Metropolitan portion Nonmetropolitan portion Adams Ashland Barron Bayfield Brown Buffalo Burnett Calumet Chippewa Clark Columbia Crawford Dane Dodge Door Douglas Dunn Eau Claire Florence 1991 , , 1991-92 1990 1991 17,421 1992 1992 17,975 19,140 Forest Grant Green Green Lake Iowa Iron Jackson Jefferson Juneau Kenosha 99 698 540 300 297 79 229 1,090 288 2,163 13 0 713 549 308 307 87 238 1,126 304 2,270 114 745 585 327 332 91 256 1,198 31 2 2,421 10.1 4.6 6.5 6.1 8.1 5.0 7.4 6.3 5.3 6.7 Kewaunee La Crosse Lafayette Langlade Lincoln Manitowoc Marathon Marinette Marquette Milwaukee 276 1,667 245 21 6 370 1,266 1,872 588 167 17,814 277 1,744 244 273 390 1,333 1,943 622 174 18,375 31 0 1,864 249 298 416 1,413 2,093 654 184 19,511 8.9 6.8 1.9 9.0 6.9 6.0 7.8 5.1 5.6 6.2 Monroe Oconto Oneida Outagamie Ozaukee Pepin Pierce Polk Portage Price 41 9 399 500 2,483 1,821 10 0 503 486 917 225 517 406 534 2,622 1,908 100 525 503 958 235 557 41 3 578 2,832 2,042 107 559 543 1,057 250 7.7 6.4 8.2 8.0 7.0 7.0 6.5 8.0 10.4 6.3 3 4 Racine Richland Rock Rusk St. Croix Sauk Sawyer Sheboygan Taylor Trempealeau 3,270 222 2,365 173 927 768 173 1,806 249 359 3,440 229 2,404 177 960 797 185 1,855 247 368 3,614 244 2,637 185 1,046 853 21 0 1,987 21 7 388 5.0 6.9 9.7 4.6 8.9 7.0 8.9 7.2 9.6 5.5 18,641 12,631 16,906 11,440 18,357 16,277 12,169 17,345 13,156 14,203 15,705 14,142 12,596 11,784 11,539 11,702 13,688 12,570 12,538 12,832 1 3 26 37 47 49 48 3 1 39 40 Vernon Vilas Walworth Washburn Washington Waukesha Waupaca Waushara Winnebago Wood 333 254 1,232 173 1,863 7,082 702 280 2,488 1,283 339 268 1,295 185 1,948 7,386 743 285 2,613 1,337 362 286 1,374 197 2,092 7,960 804 302 2,821 1,429 7.0 6.7 6.1 6.7 7.4 7.8 8.1 5.7 7.9 6.9 12,996 13,138 13,933 14,290 14,815 15,372 16,372 16,979 17,709 12,510 13,265 13,945 19,436 19,757 20,591 23,131 23,563 24,850 15,200 15,904 16,978 14,446 14,538 15,035 17,677 18,301 19,479 17,405 17,998 19,122 9,370 14,534 10,050 16,298 11,647 10,390 15,241 10,868 17,383 12,346 54 1 7 52 5 4 1 17,954 19,224 15,238 19,038 20,395 16,136 201 238 648 202 3,996 221 174 612 866 461 11,393 11,687 13,155 14,074 14,258 14,877 13,070 13,602 18,037 18,684 15,587 15,645 11,737 12,262 16,047 16,282 14,837 15,212 13,185 13,196 12,324 14,582 15,625 14,296 19,845 16,266 13,097 17,357 16,266 14,383 70 52 38 57 8 32 68 25 33 56 809 232 8,322 1,197 471 652 521 1,456 67 15,786 16,376 13,113 13,582 19,837 20,698 14,158 14,477 17,073 17,403 14,163 14,636 13,036 13,167 15,318 15,824 13,003 12,904 17,332 14,463 21,883 15,385 18,190 15,349 14,256 16,805 13,432 26 53 3 40 1 7 42 58 29 67 10.0 4.8 9.6 1 1 3 6 1. The personal income level shown for the United States is derived as the sum of the county estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. 1992 7.3 177 942 371 150 384 1,596 80 96 75 602 592 1991 1,754 168 879 345 147 376 1,512 76 90 72 558 469 1,306 60 1990 Rank in State Dollars 1,634 28,215 13,238 14,976 1,119 447 616 476 1,362 62 Millions of dollars Area name 1,572 26,440 12,429 14,012 1,086 438 6.7 6.5 6.9 Percent change 2 Fond du Lac 25,034 11,845 13,189 West Virginia Metropolitan portion Nonmetropolitan portion Per capita personal income 3 Total personal income 1992 1990 13,964 15,824 12,631 1990 1992 Rank in State Wyoming Metropolitan portion Nonmetropolitan portion Laramie Lincoln Natrona Niobrara Park Platte Sheridan Sublette Sweetwater Teton Uinta Washakie Weston 14,602 16,988 15,244 13,392 13,653 15,734 16,180 14,461 13,499 18,575 12,746 15,154 18,840 17,365 16,178 14,458 15,300 17,315 14,442 18,071 14,661 15,913 17,718 18,784 15,251 15,480 13,877 15,066 14,185 14,970 16,503 17,394 16,636 17,735 15,220 15,950 13,803 14,219 19,215 20,497 13,351 13,904 14,772 13,165 13,348 14,029 15,730 16,495 17,429 17,618 18,473 19,681 24,887 25,584 26,812 14,033 14,103 15,152 15,335 15,853 16,709 13,945 14,278 15,283 14,912 15,379 16,791 14,403 14,998 15,981 19,361 20,131 12,992 13,786 17,036 18,474 11,711 12,305 18,731 20,072 16,725 17,563 12,764 13,557 17,767 18,921 13,066 14,255 14,507 15,263 , 507 51 3 570 7,664 2,484 5,180 Shawano (incl. Menominee) Albany Big Horn Campbell Carbon Converse Crook Fremont Goshen Hot Springs Johnson 11,230 11,655 14,148 14,527 17,783 17,922 16,054 16,424 14,734 15,107 12,882 13,999 13,812 14,276 16,023 16,451 13,309 13,787 16,805 17,242 8,278 2,603 5,675 8,659 2,716 5,943 4.6 4.3 16,905 18,076 18,631 18,494 19,173 19,675 16,236 17,615 18,190 415 145 517 280 19 6 90 439 182 76 102 448 154 578 295 178 105 483 212 82 13 1 467 160 607 303 187 107 506 214 87 114 4.3 3.7 4.9 2.5 5.3 1.9 4.8 .9 5.9 13,499 13,883 17,590 16,850 15,280 16,920 13,073 14,733 15,971 16,485 14,665 14,685 19,345 17,998 15,925 19,741 14,134 17,123 17,591 18,185 15,121 15,082 19,806 18,737 16,412 19,843 14,713 17,265 18,503 18,233 1,292 16 7 1,193 42 375 125 41 7 86 649 336 263 19 2 112 1,360 11 9 1,242 48 418 19 3 513 88 71 2 357 290 144 19 1 1,441 202 1,275 49 443 18 3 539 92 759 395 300 11 5 124 5.9 5.9 2.6 1.4 5.9 -.4 5.1 3.6 5.3 10.8 3.4 4.9 3.9 17,663 13,847 19,486 16,902 16,195 15,412 19,977 17,632 16,724 29,875 14,110 15,356 17,190 18,432 14,728 20,056 19,839 17,924 17,108 21,768 17,778 18,086 30,230 15,139 17,305 18,326 19,093 15,400 20,377 19,855 18,663 17,042 22,559 18,169 18,730 32,245 15,256 17,785 18,732 12,335 12,869 13,726 3. Per capita personal income was computed using Bureau of the Census midyear population estimates. Estimates for 1990-92 reflect State and county population estimates available as of February 1994. 4. Denali and Lake + Peninsula Boroughs, AK begin in 1991. 5. Virginia combination areas consist of one or two independent cities with populations less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combined areas are not available. April 1994 C-l SURVEY OF CURRENT BUSINESS BUSINESS CYCLE INDICATORS Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers and are subject to their copyrights. Current and historical data for the series shown in the C-pages are available on diskettes, printouts, and the Commerce Department's Economic Bulletin Board. For more information, contact the Business Cycle Indicators Branch, Business Outlook Division (BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. (Telephone: (202) 606-5366; fax: (202) 606-5313.) NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch. Series no. Year 1994 1993 Series title and timing classification 1993 Feb. | Mar. | Apr. | May July June Aug. Oct Sept Nov. Dec. Jan. | Feb. | Mar. 1. COMPOSITE INDEXES The Leading Index 910 • 1 * 5* 84 32* 20* 29* 92* 99* 19* 106 • 83* 950 4 Composite index of leading indicators, 1987-100 (L.L.L) .... Percent change from previous month Percent change over 3-month span AR Leading index components: Average weekly hours, mfg. (L,L,L) Average weekly initial claims for unemployment insurance, thous. (L.C.L) > $. Mfrs.1 new orders, consumer goods and materials, hi I 1QA7$ (I I I ) DM. I »019 (,L,L,Lj. Vendor performance, slower deliveries diffusion index, r\arr-ani (L,L,L; . percent l\ 1 M* Contracts and orders for plant and equipment, bil. 1987$ /i i i \ IL,L,LJ. Index of new private housing units authorized by local huilctirvn narmrtc 1Qfi7 1Ofl \L,L,LJ. ouiiQing permus, iyo/—iuu fl I \\ Change in mfrs.1 unfilled orders, durable goods, bil. 1QQ7C emnAthaH (L.L.LJTiyo/«t, smoomea l\ I I \ + Change in sensitive materials prices, percent, smoothed (L,U)t. Index of stock prices, 500 common stocks, 1941-43-10, KIQA M 1 \\* NbA (L,L,L) . Money supply M2 bil 1987$ (L L L) Index of consumer expectations, U. of Michigan, 1966*1-100 NSA ( L L U © 2 Diffusion index of 11 leading indicator components: Percent rising over 1-month span Percent rising over 6-month span 98.7 99.1 98.1 98.1 97.9 98.4 98.6 99.1 .1 1.4 2 -.7 0 0 -3.2 -2.0 -4.0 -1J2 -2.0 -.2 1.2 .5 2.1 .2 5.0 .5 4.5 41.4 41.4 41.2 41.5 41.4 41.2 41.4 41.4 41.5 365 349 375 374 387 383 399 371 370 1.304.70 109.79 107.23 106.72 105.54 106.58 105.35 106.55 109.03 98.4 98.4 '1005 100.5 '100.5 '101.2 5.8 '.3 '0 '.7 6.7 '4.1 '4.1 41.6 41.7 41.7 41.8 41.2 354 336 318 360 338 327 111.43 ' 112.55 '114.63 '116.20 '115.30 '116.82 99.5 r .4 '42.2 51.6 53.0 52.5 53.1 51.7 50.2 50.0 51.3 50.9 50.7 50.7 51.7 55.0 58.8 55.1 434.98 36.26 ' 34.41 34.15 33.96 37.86 34.67 36.38 35.84 37.71 '40.53 39.98 '41.30 '41.39 '42.74 96.4 91.0 82.5 87.8 89.4 88.9 92.7 99.0 101.4 104.0 109.6 117.7 108.3 99.7 105.1 -2.87 -2.08 -2.18 -2.42 -2.97 -3.35 -3.30 -3.15 -3.23 -3.10 -2.92 -2.89 '-2.21 ••-1.69 '-1.40 -.26 -.15 -.18 -.30 -.40 -.43 -.43 -.48 '-.50 '-.32 '-.05 .29 .52 .80 1.06 451.41 441.70 450.16 443.08 445.25 448.06 447.29 454.13 459.24 463.90 462.89 465.95 472.99 471.58 463.81 2774 0 72.8 2 7754 80.6 2769 3 75.8 2 763 0 76.4 27753 68.5 2 7785 70.4 2 778 0 64.7 2,773.1 65.8 ' 2,777.1 66.8 2 769 6 72.5 2 769 6 70.3 27685 78.8 ' 2 773 4 86.4 56.1 64.4 59.1 45.5 9.1 54.5 31.8 36.4 36.4 54.5 63.6 40.9 63.6 77.3 81.8 68.2 90.9 81.8 90.9 72.7 81.8 81.8 P90.9 81.8 45.5 22.7 109.1 107.9 108.1 108.6 108.8 108.9 108.8 109.4 109.6 110.0 110.5 111.1 .3 -5.0 .2 3.8 .5 3.4 .2 3.0 .1 .7 -.1 2.2 .6 2.6 .2 4.5 .4 4.1 .5 5.6 '2.9 '110.8 '-.3 '4.0 '111.6 .1 2.5 110,178 3,519.7 109,539 3,449.3 109,565 3,471.1 109,820 3,517.7 110,058 3.524.3 110,101 3,511.7 110,338 3,499.1 110,305 3,542.3 110,502 3,544.2 110,664 3,559.7 110,880 3,578.2 111,110 3,597.4 111.079 '3,562.8 110.9 109.9 110.0 6,197,402 '•510,300 ' 509,203 110.5 507,439 110.0 510,535 110.4 514,723 110.9 510,834 111.1 518.086 111.3 520.538 111.9 523,160 112.8 528,675 114.0 534,561 75.0 100.0 75.0 100.0 62.5 100.0 50.0 100.0 87.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 r '2,764.3 ' 2 767 5 83.5 85.1 '81.8 The Coincident Index 920 • 41 • 51 • 47* 57* 951 4 Composite index of coincident indicators, 1987-100 (C,C,C) Percent change from previous month Percent change over 3-month span AR Coincident index components: Employees on nonagricultural payrolls, thous. (C,C,C) .... Personal income less transfer payments, bil. 1987$, AR (C.C.C). Index of industrial production, 1987-100 (C.C.C) Manufacturing and trade sales, mil. 1987$ (C.C.C) Diffusion index of 4 coincident indicator components: Percent rising over 1-month span Percent rising over 6-month span 80.2 97.9 100.0 100.0 62.5 75.0 96.4 96.6 .5 3 3 3 112.1 3 .4 3.6 111,277 '111,733 '3.618.8 '3,632.6 '114.4 '115.0 '532,478 '537,128 100.0 100.0 37.5 100.0 '115.6 3 100.C The Lagging index 930 • 4 91 • 77* 62 • 109 • 101 • 95 • 120 • 952 940* Composite index of lagging indicators, 1987-100 (Lg.Lg.Lg) Percent change from previous month Percent change over 3-month span AR Lagging index components: Average duration of unemployment, weeks (Lg.Lg.Lg)3 $ Ratio, mfg. and trade inventories to sales in 1987$ n n 1 n 1 n\ ^Ly.Lg.Lqj. Change in Tabor cost per unit of output, mfg., percent, AR, smoothed (Lg.Lg.Lg) f 6 . Average prime rate charged by banks, percent, NSA lL.g,L.g,L.QJnY (1 n I n 1 . Commercial and industrial loans outstanding, mil. 1987$ (Lg.Lg.Lg). Ratio, consumer installment credit outstanding to personal income, percent (Lg.Lg.Lg). Change in Consumer Price Index for services, percent, AR, smoothed (Lg.Lg.Lg) f. Diffusion index of 7 lagging indicator components: Percent rising over 1-month span Percent rising over 6-month span Ratio, coincident index to lagging index. 4$87-100 (L.L.L) . 96.4 96.4 96.3 96.3 96.7 96.4 96.6 96.4 96.2 '96.2 '96.5 -.2 -.8 -A 1.3 -.3 1.3 —1.2 _2 -!8 _2 -1.2 4 2 3.4 '—1.6 '0 4 '-.4 '96.1 '-.4 4 - 8 18.1 1.56 18.2 1.57 17.7 1.57 17.7 1.58 17.8 1.58 17.8 1.56 17.9 1.58 18.3 1.56 18.4 1.56 18.4 1.55 18.9 1.54 185 1.52 18.3 1.52 -2.5 -3.6 -3.9 -4.0 -3.3 -2.9 -2.5 -1.8 -.8 -.9 -1.6 -2.5 '-2.4 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 371,320 369,653 363.441 365.115 368,471 370,002 375,158 376,605 376,574 373,963 374,072 '373,204 '377,946 14.13 14.24 14.18 14.02 13.94 14.00 14.12 14.04 14.13 14.16 14.20 14.24 '14.48 * 14.29 3.8 3.8 3.9 4.0 4.1 4.1 4.0 3.9 3.7 3.6 3.5 3.5 3.1 3.2 49.4 43.3 71.4 35.7 35.7 57.1 71.4 50.0 50.0 50.0 57.1 35.7 64.3 50.0 5o!o 28.6 50.0 5o!o 28.6 '50.0 28.6 '21.4 '42.9 20.0 '57.1 '42.9 113.2 111.7 112.1 112.7 113.0 113.1 112.5 113.5 113.5 114.1 114.9 '115.5 '114.8 '116.1 o o o NOTE.-The following current high values were reached before February 1993: May 1991—BCi-106 (2,865.8); August 1991-BCI-92 smoothed (-0.83); December 1991—BCI-62 smoothed (3.0) and BCI-77 (1.65); January 1992— BCI-120 smoothed (4.2); and December 1992—BCi-51 (3,689.9) and BCI-83 (89.5). See page C-6 for other footnotes. 4 18.7 "1.52 ,1 o '.3 r 96.0 4_1 19.2 -1.9 '-1.9 6.00 6.06 '373,103 '370,667 3.6 4 50.0 4 '116.8 C-2 • April 1994 SURVEY OF CURRENT BUSINESS Year Series 1993 1994 Series title and timing classification no. 1993 Feb. Mar. Apr. May | June | July Aug. | Sept Oct | Nov. Dec. Jan. F*. | «,, 2. LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT 441 442 451 452 453 Labor force: Civilian labor force, thous. 1 Civilian employment, thous. ] Civilian labor force participation rates (percent): Males 20 years and over l Females 20 years and over 1 Both sexes 16-19 years of age 1 1 • 21 • 5* Marginal employment adjustments: Average weekly hours, mfg. (L.L.L) Average weekly overtime hours, mfg. (L.C.L) Average weekly initial claims for unemployment insurance, thous. ( L , C , L ) 2 t 46 • Job vacancies: Index of help-wanted advertising, 1967-100 (L,Lg,U) Ratio, help-wanted advertising to unemployed (L,Lg,U)' 48 • 42 41 • 963 40* 90* 37 43* 45 91 • 44 Employment: Employee hours in nonagncultural establishments, bil. hours, AR (U.C.C). Persons engaged in nonagricultural activities, thous. (U.C.C) 1 . Employees on nonagricultural payrolls, thous. (C.C.C) .... Diffusion index of employees on private nonagricultural payrolls, 356 industries: Percent rising over 1-month span Percent rising over 6-month span Employees in goods-producing industries, thous. (UC.U) Ratio, civilian employment to population of working age, percent (U.Lg.U). Unemployment: Number of persons unemployed, thous. (ULg.U) l $ Civilian unemployment rate, percent (L,Lg,U) 1 1 Average weekly insured unemployment rate, percent (L.Lg.U) 3 *. Average duration of unemployment, weeks (Lg.Lg.Lg)* $ Unemployment rate, 15 weeks and over, percent 1 128,040 127,400 119,306 118,442 127,440 118,562 127,539 118,585 128,075 119,180 128,056 119,187 128,102 119,370 128,334 119,692 128,108 119,568 128,580 119,941 128,662 120,332 128,898 120,661 130,667 121,971 130,776 122,258 130,580 122,037 76.9 58.4 51.5 76.9 58.2 51.9 76.9 58.2 51.5 76.9 58.2 51.8 77.1 58.4 52.5 77.0 58.5 51.5 77.0 58.4 51.8 77.0 58.5 51.6 76.7 58.4 51.2 77.0 58.6 51.1 76.8 58.7 51.2 76.8 58.9 50.9 77.0 59.3 53.3 76.9 59.5 52.4 76.8 59.3 52.3 41.4 4.1 365 41.4 4.2 349 41.2 4.0 375 41.5 4.2 374 41.4 4.1 387 41.2 4.0 383 41.4 4.0 399 41.4 4.1 371 41.5 4.1 370 41.6 4.3 354 41.7 4.3 336 41.7 4.4 318 41.8 4.4 360 41.2 4.6 338 '42.2 '4.8 327 101 .344 97 .322 96 .322 96 .319 100 .334 97 .325 101 .344 103 .355 101 .352 106 .365 107 .382 110 .397 105 .359 115 .402 '117 '.407 203.97 202.47 202.33 202.78 205.28 203.57 204.05 204.76 204.06 205.26 205.16 205.91 '207.65 ' 204.97 '207.23 116,232 115,326 115,463 115,514 116,106 116,156 116,327 116,687 116,475 116,920 117,218 117,565 118,639 118,867 110,178 109,539 109,565 109,820 110,058 110,101 110,338 110,305 110,502 110,664 110,880 111,110 111,079 111,277 '111,733 54.7 57.0 22,975 61.6 59.7 58.3 23,069 61.4 51.0 58.3 23,016 61.4 53.8 57.7 22,980 61.4 56.9 49.7 23,006 61.7 46.5 51.1 22,941 61.6 57.9 52.9 22,948 61.6 44.4 55.9 22,903 61.8 57.2 58.7 22,886 61.6 53.9 57.0 22,934 61.8 61.0 "61.0 22,994 61.9 56.0 '63.9 23,008 62.0 23,024 62. 8,734 6.8 2.6 8,958 7.0 2.5 8,878 7.0 2.5 8,954 7.0 2.6 26 . 8,869 6.9 2.7 8,732 6.8 2.7 8,642 6.7 2.6 8,540 6.7 2.6 8,639 6.7 2.6 8,330 6.5 2.6 8,237 6.4 2.5 8,696 6.7 2.5 8,518 6.5 2.6 8,543 6.5 2.6 18.1 2.4 18.2 2.5 17.7 2.4 17.7 2.3 17.8 2.4 17.8 2.4 17.9 2.3 18.3 2.3 18.4 2.4 18.4 2.4 18.9 2.3 18.2 2.2 18.3 2.3 18.7 2.4 19.2 2.4 (Lg.Lg.Lg) %. 55.8 ''57.0 118,611 '61.9 23,018 '23,101 62.2 62.3 3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION 50 49 Output: Gross domestic product, bil. 1987$, AR (C.C.C) Percent change from previous quarter, AR Gross national product, bil. 1987$, AR (C,C,C) Value of domestic goods output, bil. 1987$, AR (C,C,C) 47 4 73* 74* 75* Industrial production indexes, 1987-100: Total (C.C.C) Durable manufactures (C.C.C) Nondurable manufactures (C.L.L) Consumer goods (C.L.C) 55* 124 82* Capacity utilization rates (percent): Total industry (L,C,U) Manufacturing (L.C.U) 5,136.0 3.0 5,225.6 7.0 '5,259.0 '2.6 5,223.7 2,130.9 '2,161.0 5,138.6 2,083.8 5,078.2 .8 5,080.7 2,060.2 110.9 114.3 108.6 108.8 109.9 112.1 108.2 108.9 110.0 112.5 108.2 108.9 110.5 113.5 108.7 108.6 110.0 113.2 108.5 107.8 110.4 113.0 108.9 108.1 110.9 113.7 109.1 108.9 111.1 113.9 109.2 108.6 111.3 115.0 108.5 108.5 111.9 116.2 108.8 109.2 112.8 118.0 109.1 109.7 114.0 120.1 ' 109.7 110.1 81.5 80.6 80.2 81.2 80.1 81.4 80.6 81.0 802 81.1 80.1 81.3 80.3 81.4 80.3 81.4 80.4 81.7 80.8 82.2 81.5 -82.9 82.3 518,086 147,360 520,538 147,695 523,160 149,968 528,675 150,802 534,561 152,695 5,102.1 1.9 5.138.3 2.9 5,145.8 2,074.9 5,104.1 2.069.1 r 114.4 ' 120.4 ' 109.6 '110.6 '115.0 '121.3 '110.1 '111.8 '115.6 '121.9 '111.0 '111.5 '83.1 '82.2 83.4 '82.5 '83.6 '82.8 '532,478 '537,128 '150,626 '152,786 '153,164 4. SALES, ORDERS, AND DELIVERIES 57* 59* 7* 8* 92 • 32 • Sales: Manufacturing and trade sales, mil. 1987$ (C.C.C) Sales of retail stores, mil. 1987$ (U.L.U) Orders and deliveries: Mfrs.1 new orders, durable goods, bil. 1987$ (L,I_L) Mfrs.' new orders, consumer goods and materials, bil. 1987$ (L.L.L). Mfrs.1 unfilled orders, durable goods, mil. 1987$0 Change from previous month, bil. 1987$ Change from previous month, bil. 1987$, smoothed (L,L,L)t. Vendor performance, slower deliveries diffusion index, percent (L.L.L)*. 6,197,402 '510,300 1,757,913 '142,834 '509,203 '141,543 514,723 145,871 510,834 146,477 507,439 143,700 510,535 144,933 114.50 106.58 111.08 105.35 113.68 106.55 115.01 109.03 117.87 111.43 r '120.10 112.55 122.20 '114.63 126.96 '116.20 368,404 -1.97 -3.10 366,140 -2.26 -2.92 362,630 -3.51 -2.89 '364,684 '2.05 '-2.21 50.9 50.7 50.7 51.7 55.0 58.8 '123.5 ' 6 1 739 '126.1 '125.8 '124.79 '116.82 '126.4 1,381.61 1,304.70 117.19 109.79 112.96 107.23 112.61 106.72 109.77 105.54 362,630 -2.88 -2.87 396,886 -.35 -2.08 390,926 -5.96 -2.18 387,356 -3.57 -2.42 381,879 -5.48 -2.97 378,466 -3.41 -3.35 377,172 -1.29 -3.30 374,775 -2.40 -3.15 370,372 -4.40 -3.23 51.6 53.0 52.5 53.1 51.7 50.2 50.0 51.3 '124.51 '115.30 '363,373 '361,553 '-1.31 '-1.82 '-1.69 '-1.40 55.1 5. FIXED CAPITAL INVESTMENT 12* 13* Formation of business enterprises: Index of net business formation, 1967-100 (L.L.L) Number of new business incorporations (L L L) 10 Business investment commitments: Contracts and orders for plant and equipment, bil.$ 20* 27 4 9* 61 100 • 69* i\ 1 1 \ Contracts and orders for plant and equipment, bil. 1987$ (L,L,L). Mfrs.1 new orders, nondefense capital goods, bil. 1987$ HIM (L,L,L). Construction contracts awarded for commercial and industrial buildings, mil. sq.ft.(L.CU)© 4 . Business investment expenditures: New plant and equipment expenditures by business bil.$, AR (C,Lg,Lg)\ New plant and equipment expenditures by business bil. 1987S.AR (C.Lg.Lg)*. Mfrs.' machinery and equipment sales and business construction expenditures, bil.$, AR (C.Lg.Lg). 1212 120.9 59 691 122.0 61 002 121.0 59 648 117.6 51 765 120.8 60422 120.7 58 387 121.1 58209 122.3 63,758 119.2 55294 427.36 36.36 '34.04 33.89 33.25 38.15 33.77 35.63 34.94 36.56 38.78 38.84 40.91 '40.73 '41.40 434.98 36.26 '34.41 34.15 33.96 37.86 34.67 36.38 35.84 37.71 '40.53 39.98 '41.30 '41.39 '42.74 394.44 33.09 30.13 31.18 31.08 34.11 31.47 33.24 32.44 34.49 '37.19 36.76 '37.68 '37.73 '3a54 535.60 40.20 43.22 43.80 42.80 43.43 47.58 44.44 45.34 46.74 47.15 52.36 52.76 49.34 61.83 58564 564.13 55570 533 70 464.32 447.24 54697 465.62 448.70 NOTE.—The following current high values were reached before February 1993: July 1991—BCI-92 change (6.72) and August 1991—BCI-92 smoothed (-0.83). See page C-6 for other footnotes. 594.11 579 79 454.96 '604.51 '57682 56528 462.72 442.00 468.37 464.07 469.92 "621.28 a 492.08 513.28 '484.00 595 36 '491.97 '502.18 April 1994 • SURVEY OF CURRENT BUSINESS Series no. 1993 Yoar C-3 1994 Series title and timing classification 1993 Feb. Mar. May Apr. | June [ July [ Aug. | Sept | Oct [ Nov. | Dec. Jan. Feb. 5. FIXED CAPITAL INVESTMENT-Continued 76* 86* 87* 88 • 28* 29* 89* Business investment expenditures—Continued: Index of industrial production, business equipment, 1987-100 (C.Lg.U). Gross private nonresidential fixed investment, bil. 1987$, AR: Total (C Lg C) Structures (La La La) Producers' durable equipment (C.Lg.C) Residential construction and investment: New private housing units started, thous., AR (L.L.L) Index of new private housing units authorized by local building permits, 1967-100 (L.L.L). Gross private residential fixed investment, bil. 1987$, AR (L.L.L). 134.6 130.0 591.8 151.5 440.2 562.3 148.2 414.1 1,288 96.4 1,194 91.0 214.2 131.5 133.1 211.4 133.9 133.5 134.6 584.3 151 1 433.2 1,092 82.5 1,232 87.8 134.8 136.3 137.7 1,238 88.9 1,245 92.7 206.2 1,319 99.0 '141.8 '143.1 625.7 155.6 470.0 594.8 1512 443.6 1,241 89.4 139.7 1,359 101.4 1,409 104.0 2121 1,406 109.6 144.7 '145.7 '634.1 '148 9 '485.1 1,612 117.7 '1,271 108.3 227.2 '1,314 99.7 '1,473 105.1 '232.2 6. INVENTORIES AND INVENTORY INVESTMENT 70 77* 30 • 31 • Inventories on hand: Mfg. and trade inventories, bil. 1987$ (Lg.Lg.Lg)0 Ratio, mfg. and trade inventories to sales in 1987$ (Lg.Lg.Lg). Inventory investment: Change in business inventories, bil. 1987$, AR (L.L.L) . Change in mfg. and trade inventories, bil.$, AR (L,L,L) 810.80 1.56 799.49 1.57 801.86 1.57 803.31 1.58 804.68 1.58 805.35 1.56 806.10 1.58 806.64 1.56 809.45 1.56 14.3 23.9 29.3 -26.1 '53.2 35.1 13.0 24.9 6.8 1.9 6.5 23.7 22.9 812.33 1.54 810.80 1.52 8.5 55.3 809.90 1.55 -13.6 '811.15 1.52 '17.81 '814.34 '1.52 '30.5 '52.3 7. PRICES 99 • 336 337 334 333 • 332 • 331 311 320 323 120 • Sensitive commodity prices: Index of sensitive materials prices, 1987-100 Percent change from previous month Percent change from previous month, smoothed (L,L,L)t. Index of producer prices for sensitive crude and intermediate materials, 1987-100 (L.L.L). Cattle hides Lumber and wood products Wastepaper, news Wastepaper, mixed, NSA Wastepaper, corrugated Iron and steel scrap Copper base scrap Aluminum base scrap Other nonferrous scrap, n.e.c, NSA Sand, gravel, and crushed stone Raw cotton Domestic apparel wool Index of spot market prices, raw industrial materials, 1967-100, NSA (U.L.L)© 1 *. Copper scrap, $ per Ib.© Lead scrap, $ per Ib.© Steel scrap, $ per ton© Tin, $ per Ib., NSA© Zinc, $ per Ib., NSA© Burlap, $ per yd., NSA© Cotton, $ per Ib.© Print cloth, $ per yd., NSA© Wool tops, $ per Ib.. NSA© Hides, $ per Ib., NSA© Rosin, $ per 100 Ib.© Rubber, % per Ib.© Tallow, $ per Ib.© Producer Price Indexes: Finished goods, 1982-100 Percent change over 1-month span Percent change over 6-month span, AR Finished goods less foods and energy, 1982-100 Percent change over 1-month span Percent change over 6-month span, AR Finished consumer goods, 1982-100 Percent change over 1-month span Percent change over 6-month span, AR Capital equipment, 1982-100 Percent change over 1-month span Percent change over 6-month span, AR Intermediate materials, supplies, and components, 1982-100. Percent change over 1-month span Percent change over 6-month span, AR Crude materials for further processing, 1982-100 Percent change over 1-month span Percent change over 6-month span, AR Fixed-weighted price index, gross domestic business product, 1987-100. Percent change from previous quarter, AR Consumer Price Indexes for all urban consumers: All items, 1982-84-100, NSA Percent change over 1-month span Percent change over 6-month span, AR All items less food and energy, 1982-84-100 Percent change over 1-month span Percent change over 6-month span, AR Services, 1982-84-100 Percent change from previous month, AR Percent change from previous month, AR, smoothed (Lg.Lg.Lg) f. 99.60 -.01 -.26 101.30 -.07 -.15 100.81 -.48 -.18 99.87 -.93 -.30 99.31 -.56 -.40 99.15 -.16 -.43 98.03 -.86 -.48 '97.67 '-.37 '-.50 98.55 '.90 '-.32 '99.48 '.94 '-.05 100.77 -.27 -.43 '1.30 .29 101.25 .48 .52 102.92 1.65 .80 104.42 1.46 1.06 161.88 157.91 161.00 161.06 159.80 159.63 160.26 159.54 161.51 165.78 '169.43 172.97 173.90 172.55 173.03 180.4 174.2 100.7 90.6 142.0 172.8 136.0 129.3 113.9 134.0 92.2 56.5 260.4 175.9 168.1 109.1 86.5 143.6 160.5 160.8 135.4 128.6 132.6 93.5 63.6 270.0 177.0 174.6 110.1 97.5 149.0 157.8 151.6 129.7 125.0 132.6 94.7 57.2 266.9 173.0 177.1 112.5 101.5 147.5 154.6 142.3 123.5 118.4 133.1 89.4 53.5 261.5 175.6 175.1 104.0 107.5 143.3 158.0 131.5 125.1 113.3 132.8 88.3 53.5 257.8 176.8 172.0 104.0 107.4 140.6 170.4 135.4 126.6 113.3 133.3 84.7 55.2 257.1 181.1 170.7 97.2 102.8 140.2 179.1 133.8 130.6 115.0 133.7 85.5 53.4 257.2 179.7 172.1 94.0 80.8 139.4 170.0 130.2 127.5 113.5 133.8 85.7 54.9 255.5 185.9 174.4 93.5 80.4 138.9 171.2 125.1 125.6 107.5 134.8 '90.5 51.7 253.1 184.4 177.7 94.2 80.2 139.0 190.7 119.0 128.7 100.7 136.3 95.9 53.1 255.6 '185.2 '181.3 '94.0 '79.3 '139.9 '202.5 '117.3 '128.1 '98.5 '135.7 97.9 182.7 185.2 91.5 79.2 138.0 207.7 121.2 129.9 103.7 136.3 104.3 58.1 263.7 181.7 186.6 87.8 73.8 136.4 202.7 128.5 131.3 106.6 136.5 114.8 56.7 176.4 181.7 94.5 72.0 153.7 203.8 135.3 141.1 115.4 136.7 124.6 63.2 275.2 178.1 181.5 97.9 75.2 195.0 200.3 136.6 148.7 119.8 136.9 121.4 69.3 279.1 .702 .139 115.553 .864 .157 108.543 .812 .737 .146 105.069 .654 .134 3.312 .800 59.880 .473 .150 .572 .123 138.940 3.225 .466 .256 .607 .750 3.600 .808 56.112 .448 .138 .128 139.625 3.324 3.339 .799 59.238 .450 .147 .578 .118 127.351 3.189 .459 .247 .571 .700 3.450 .815 59.118 .442 .717 3.835 .535 .245 .569 .640 .611 .123 110.402 3.095 .445 .241 .547 .700 3.400 .805 59.940 .447 .142 .696 3.494 .484 .247 .556 .677 .702 .143 104.412 3.703 .494 .245 .532 .655 3.050 .805 60.000 .441 .152 .131 140.201 3.598 .483 .273 .753 .750 3.750 .746 55.944 .447 .156 .747 .130 138.530 3.621 .467 .275 .726 .750 3.900 .788 55.944 .493 .155 124.7 0 .2 124.8 .4 2.9 124.2 124.5 .2 125.1 .5 125.4 .2 135.9 .3 2.8 -.1 -1.0 134.8 -.3 -.7 124.2 -.1 1.8 135.8 0 .3 123.0 0 -.2 131.4 .2 1.8 116.2 124.3 .2 -1.4 135.2 .1 -1.3 '135.3 135.5 M 2.1 136.1 .4 136.3 .1 136.6 .2 122.3 .2 -2.3 131.9 .1 122.4 .1 1.5 131.8 .3 2.0 '116.6 122.1 -.2 1.5 122.3 123.0 .6 123.2 .2 132.2 .3 2.4 133.0 .6 133.1 .1 133.5 .3 1.5 116.3 122.3 0 -1.8 131.4 -.4 2.1 116.4 116.2 116.4 116.9 117.1 0 -.2 • 101.5 .7 -4.6 .1 .2 103.7 2.2 2.0 '.2 1.0 '-.3 1.4 .2 .4 .2 '103.4 '-.3 .8 101.2 '-2.1 5.0 102.5 1.3 101.2 -1.3 104.0 2.8 .1 1.0 102.4 0 .6 .157 108.044 3.779 .496 .245 .562 .652 3.160 .816 59.880 .461 .153 3.738 .504 .245 .540 .650 3.000 .814 .443 .157 125.7 .5 1.3 136.5 .3 1.6 124.3 .6 115.9 125.1 .2 1.9 136.1 .1 2.1 123.6 .2 1.8 131.0 .2 2.3 116.3 .4 2.1 101.6 -.1 4.7 .3 2.1 101.8 .2 3.8 123.3 .4 3.0 130.8 .3 2.6 125.7 0 -1.1 136.8 .2 -1.2 124.2 1.0 -.1 -1.9 131.3 .2 1.8 116.6 131.3 0 1.5 116.3 .3 1.6 103.0 1.2 -.4 -.3 .7 105.2 2.1 -1.6 3.482 .467 .245 .502 .644 3.400 .774 60.000 .440 .148 125.1 -.5 -1.3 136.4 -.3 -1.3 123.5 -.6 -2.1 131.2 .672 .140 119.654 3.395 .470 .245 .509 .640 3.400 .762 60.000 .437 .148 125.1 0 -2.4 136.6 .1 -2.5 -.1 1.4 123.4 -.1 -3.2 131.6 .3 .2 116.3 116.3 0 0 103.6 -1.5 0 -.3 101.5 -2.0 1.4 114.042 3.294 .451 .240 .513 .688 3.400 .792 59.940 .441 .146 124.1 -.8 -2.2 135.1 -1.1 '-2.2 122.1 -1.1 -2.9 131.8 .2 .8 116.3 0 '.5 100.8 -.7 '-3.4 .140 124.3 .1 1.6 r -4 1.8 .644 .124 140.435 3.286 .492 .265 .644 .750 3.500 .798 56.225 .446 .143 .496 .269 .703 .750 3.500 .756 55.944 .448 124.6 123.5 124.4 125.0 125.7 '126.4 3.0 3.7 2.9 1.9 2.2 '2.4 144.5 .2 2.6 152.2 .3 3.0 143.1 .4 3.1 150.8 .4 3.5 157.9 3.8 3.8 155.6 3.1 3.8 143.6 .2 2.8 151.1 .2 3.5 156.2 4.7 3.9 144.0 .3 2.7 151.6 .3 3.2 156.8 4.7 4.0 NOTE.—The following current high values were reached before February 1993: July 1991—BCI-120 change (5.9); December 1991—BCI-77 (1.65); January 1992—BCI-120 smoothed (4.2); March 1992—BCI-99 change (1.68); and July 1992-BCI-23 (285.7). See page C-6 for other footnotes. .152 .144 112.183 56.8 258.1 144.4 .1 2.2 144.4 .1 2.2 2.9 157.3 152.3 .2 2.7 157.8 152.6 .2 2.5 3.9 4.1 3.9 4.1 144.2 .2 2.5 152.0 .3 158.2 3.1 4.0 144.8 .3 2.4 153.0 .3 2.8 158.7 145.1 .1 2.6 153.1 .1 2.8 159.1 145.7 .3 2.4 153.5 .3 3.9 3.9 3.1 3.7 3.1 3.6 2.6 159.5 145.8 .3 2.4 154.1 .4 2.6 160.0 3.8 3.5 145.8 .2 2.9 154.4 .2 3.2 160.5 3.8 3.5 146.2 0 146.7 .3 147.2 .3 154.6 .1 155.0 .3 155.5 .3 160.6 .8 3.1 161.3 5.4 3.2 162.0 5.3 3.6 C-4 Series no. SURVEY OF CURRENT BUSINESS • April 1994 Year 1993 1994 Series title and timing classification 1993 Mar. Feb. | Apr. | May | June | July | Aug. Sept Oct Nov. Jan. Dec. Feb. | Mar. 8. PROFITS AND CASH FLOW 16* 18 • 22* 81 • 26 • 35 Profits and profit margins: Corporate profits after tax, bil.$, AR (L.L.L) Corporate profits after tax, bil. 1987$, AR (L.L.L) Ratio, corporate domestic profits after tax to corporate domestic income, percent (L.L.L). Ratio, corporate domestic profits after tax with IVA and CCAdj to corporate domestic income, percent(U,L,L). Ratio, implicit price deflator to unit labor cost, all persons, nonfarm business sector.1982-100 (L.L.L). Corporate net cash flow, bil. 1987$, AR (L.L.L) 275.4 233.9 7.2 272.3 230.7 7.2 258.9 219.2 6.9 '295.9 ' 252.8 7.8 274.3 232 7 7.0 7.8 • 7.3 7.6 7.9 '8.4 104.3 103.9 103.8 104.3 105.3 496.2 477.8 490.2 498.2 ' 518.6 9. WAGES, LABOR COSTS, AND PRODUCTIVITY Wages and compensation: Index of average hourly compensation, all employees, nonfarm business sector, 1982-100. Percent change from previous quarter, AR Index of real average hourly compensation, all employees, nonfarm business sector, 1982-100. Percent change from previous quarter, AR Wages and salaries in mining, mfg., and construction, bil.1987$,AR(C,C,C). 345 346 53* 63 62* 370 • 358 Unit labor costs: Index of unit labor cost, all persons, business sector, 1982-100 (Lg.Lg.Lg). Index of labor cost per unit of output, mfg., 1987-100 a . Percent change from previous month, A R ! Percent change from previous month, AR, smoothed {Lg,Lg,Lg) f t. Productivity: Index of output per hour, all persons, business sector, 1982-100. Percent change over 1-quarter span, AR Percent chanae over 4-auarter SDan AR Index of output per hour, all persons, nonfarm business sector, 1982-100. 158.7 157.2 157.9 159.4 160.5 3.6 106.0 2.9 106.0 1.7 105.6 3.9 2.8 106.1 .5 592.5 -1 581.7 136.8 136.4 109.1 -3.6 -2.5 109.6 -3.2 -3.6 117.6 116.6 116.6 117.6 1.8 -1.6 1.3 114.8 0 2.1 1147 3.3 6.9 1158 117.5 115.7 578.8 109.6 0 -3.9 -1.4 596.0 596.3 109.3 -3.2 -4.0 106.1 592.8 594.7 109.1 -3.2 -2.9 109.0 -1.1 -2.5 2.0 595.2 596.9 596.9 109.3 3.4 -.8 108.7 -6.4 -.9 137.4 137.3 109.4 1.1 -3.3 109.0 0 -1.8 -.2 598.8 600.8 ' 602.1 '604.3 " 604.2 107.7 -5.4 -2.5 ' 107.9 '2.3 '-2.4 '108.0 '1.1 '-1.9 " 107.6 "-4.4 '-1.9 136.1 108.2 -5.4 -1.6 119.6 10. PERSONAL INCOME AND CONSUMER ATTITUDES 52 51 • Personal income: Personal income bil. 1987$ AR (CCC) Personal income less transfer payments, bil. 1987$, AR (C.C.C). 58 Indexes of consumer attitudes: Consumer sentiment, U. of Michigan, 1966:1-100, NSA n i i \(Pi 2 83 • 122 123 • Consumer expectations, U. of Michigan, 1966:1-100, NSA(L,L,L)© 2 . Consumer confidence, The Conference Board, 1985-100 (L.LL). Consumer expectations, The Conference Board, 1985-100 (L.LL)*. 4,236.9 3,519.7 4,156.1 3,449.3 4,181.2 3,471.1 4,228.2 3,517.7 4,236.5 3.524.3 4,227.9 3,511.7 4,217.8 3,499.1 4.264.0 3.542.3 4,267.1 3,544.2 4,283.6 3,559.7 4,302.3 3.578.2 4.327.7 3.597.4 '4.297.7 '3.562.8 '4,354.6 '3,618.8 "4,366.7 "3,632.6 82.8 86.6 85.9 85.6 80.3 72.8 80.6 75.8 76.4 68.5 81.5 77.0 77.3 77.9 82.7 81.2 88.2 94.3 93.2 91.5 70.4 64.7 65.8 66.8 72.5 70.3 78.8 86.4 83.5 65.9 68.5 63.2 67.6 85.1 61.9 58.6 59.2 59.3 63.8 60.5 71.9 79.8 82.6 79.9 77.4 84.7 77.3 81.1 86.7 73.1 69.6 66.8 66.8 72.8 66.7 80.3 91.8 92.6 84.4 92.6 780.2 762.0 766.9 177.9 -262.8 11. SAVING 290 295 292 298* 293* Gross saving, bil.$, AR Business saving, bil.$, AR Personal saving, bil.$, AR Government surplus or deficit, bil.$, AR . Personal saving rate, percent 794.9 189.9 -224.6 4.0 766.7 779.6 208.7 -221.5 4.4 3.9 774.3 809.0 179.7 -214.4 3.8 '817.8 '824.1 193.4 -199.7 4.0 * 182.0 "3.7 12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES 85* 102 • 105 106 • 107 108 93 94 112 • 113 • 111 110 • 14 39 Money: Percent change in Percent change in Monev SUDDIV M1 Monev SUDDIV M2 money supply M1 (L,L,L)* money supply M2 (L,C,U) bil 1987$ ( L L U bil. 1987$ ( L L U Velocity of money: Ratio gross domestic product to money suppy M1 (C.C.C). Ratio, personal income to money supply M2 (C.Lg.C) .... Bank reserves: Free reserves mil $ NSA (LU U) t Member bank borrowings from the Federal Reserve, mil.$, NSA (L,Lg,U). Credit flows: Net change in business loans, bil.$, AR (L.L.L) Net change in consumer installment credit, bil.$, AR (LLL). Percent change in business and consumer credit outstanding, AR (LLL). Funds raised by private nonfinancial borrowers in credit markets mil.$ AR (LL L). Credit difficulties: Current liabilities of business failures, mil.$, NSA (LLL)*. Percent of consumer installment loans delinquent 30 days and over (L,L,L)© 3 0$. .81 .13 848.9 2,774.0 .23 -.25 822.4 2,775.4 5.912 .83 .19 847.7 2,778.5 .95 .14 854.4 '2,778.0 1.528 1.523 1.518 1,023 73 875 121 730 181 45.11 24.74 64.40 -22.80 12.50 25.62 6.043 1.528 1.97 .68 841.4 2,775.3 .66 .09 827.1 2,763.0 1.502 1.513 1.534 .89 .22 866.1 ' 2 777.1 .75 '.04 869.8 2 769.6 1.536 1.535 1.545 901 180 1,059 45 1,122 91 845 244 600 352 662 428 1.09 48.99 18.70 43.74 -72.79 34.84 58.39 60.44 2.05 60.47 -.43 72.84 396,874 225.244 48,504.3 '2,630.0 "4,343.0 "2,973.4 "6.634.4 "2,675.4 "5,496.4 "7,382.0 "3,062.6 "2,222.1 1.77 2.39 2.31 2.01 2.16 2.06 2.08 2.03 1.95 1.93 369.424 .81 .31 874.1 2 769.6 '.53 .19 876.8 2,768.5 .45 '.18 '880.7 '2,773.4 1.550 1.557 '1.541 1.570 "1.573 804 285 1,012 89 981 82 1.375 73 1,070 70 "912 "55 -22.73 84.56 -2.98 83.28 '-34.44 90.25 '88.24 '76.51 '-58.30 "42.52 "-11.64 "2,991.0 "2,552.3 "1,736.4 "2,141.3 1.86 1.77 5.837 5.948 NOTE.-The following current high values were reached before February 1993: May 1991-BCI-106 (2,865.8); July 1991-BCI-93 (345); August 1991—BCI-94 (764); December 1991—BCI-62 index (113.0) and BCI-62 smoothed (3.0); October 1992—BCI-111 (3.0); and December 1992—BCI-51 (3.689.9), BCI-52 (4,391.8), BCI-53 (659.1), BCI-62 .78 .06 859.1 2 773.1 .46 .02 824.2 2,769.3 5.820 481,616 .45 '-.10 '882.6 '2,764.3 "5.807 "511,212 change (13.8), BCI-83 (89.5), and BCI-123 (103.9). See page C-6 for other footnotes. ".33 ".43 "882.8 " 2 767.5 April 1994 SURVEY OF CURRENT BUSINESS Series no. Year 1993 • C-5 1994 Series title and timing classification 1993 Feb. Apr. Mar. May June | July | Aug. | Sept | Nov. Oct Dec. Jan. Feb. Mar. 12. MONEY, CREDIT, INTEREST RATES , AND STOCK PRICES-Continued Outstanding debt: Consumer installment credit outstanding, mil.$ 66 72 101 • 95 4 119 • 114 • 116 • 115 • 117 118 109* 19* (Lg.Lg.Lg) 0. Commercial and industrial loans outstanding, mil.$, (Lg.Lg.Lg). Commercial and industrial loans outstanding, mil. 1987$ (Lg.Lg.Lg). Ratio, consumer installment credit outstanding to personal income, percent (Lg.Lg.Lg). Interest rates (percent, NSA): Federal funds rate (L.Lg.Lg)* Discount rate on new 91-day Treasury bills (C.Lg.Lg)* ... Yield on new high-grade corporate bonds (Lg.Lg.Lg)* Yield on long-term Treasury bonds (C.Lg.Lg)* Yield on municipal bonds, 20-bond average (U.Lg.Lg)* ... Secondary market yields on FHA mortgages (Lg.Lg.Lg) . Average prime rate charged by banks (Lg.Lg.Lg)* Index of stock prices, 500 common stocks, 1941-43-10, NSA (L,L,L)\ 790,082 747,228 750,131 752,193 750,293 752,428 757,465 762,503 768,573 775,620 782,561 790,082 429,399 425,840 419,774 423,533 428,900 429,942 434,808 434,979 434,943 433,049 432,801 '429,931 '437,284 '432.426 '431,456 371,320 369,653 363,441 365.115 368,471 370,002 375,158 376,605 376,574 373,963 374,072 '373,204 '377,946 '373,103 '370,667 14.13 14.24 14.18 14.02 13.94 14.00 14.12 14.04 14.13 14.16 14.20 14.24 ' 14.48 ' 14.29 3.02 3.02 7.35 6.46 5.60 7.46 6.00 3.03 2.95 7.73 6.89 5.87 7.55 6.00 3.07 2.97 7.39 6.65 5.64 7.57 6.00 2.96 2.89 7.48 6.64 5.76 7.56 6.00 3.00 2.96 7.52 6.68 5.73 7.59 6.00 3.04 3.10 7.48 6.55 5.63 7.52 6.00 3.06 3.05 7.35 6.34 5.57 7.51 6.00 3.03 3.05 7.04 6.18 5.45 7.02 6.00 3.09 2.96 6.88 5.94 5.29 7.03 6.00 2.99 3.04 6.88 5.90 5.25 7.08 6.00 3.02 3.12 7.22 6.25 5.47 7.51 6.00 2.96 3.08 7.28 6.27 5.35 7.52 6.00 3.05 3.02 7.16 6.24 5.31 7.05 6.00 3.25 3.21 7.27 6.44 5.40 7.59 6.00 3.34 3.52 7.64 6.90 5.91 8.57 6.06 451.41 441.70 450.16 443.08 445.25 448.06 447.29 454.13 459.24 463.90 462.89 465.95 472.99 471.58 463.81 11,785 6,598 74.0 11359 6,446 73.7 5,304 72.7 5,172 72.5 5,239 '71.5 10,247 7,738 '70.9 ' 9,343 '6,133 '69.6 '5,107 '69.1 933 929 922 912 899 890 '884 '292 8 42,234 3,777 8,935 49,601 3,406 6,943 '39,306 3,497 8,435 '49,475 2,951 6,212 37,899 3,118 8,363 50,262 3,895 6,801 '114.4 '115.0 '107 107 107 114.0 107 108.0 '107 106 '106 106.9 '105.1 '104.6 '105.1 '104.5 146.2 146.7 118.6 118.7 118.7 ' 796,458 p 800,000 13. NATIONAL DEFENSE 525 548 557 570 564* Defense Department prime contract awards, mil.$ Manufacturers' new orders, defense products, mil.$ Index of industrial production, defense and space equipment, 1987-100. Employment, defense products industries, thous Federal Government purchases, national defense, bil.$, AR 9,579 6,361 77.9 11,628 7,411 76.8 10,231 6,853 76.9 950 992 982 975 303.4 304.8 76,649 74.8 9,317 5,434 75.6 10,169 5,788 74.9 9,656 7,231 74.6 964 954 943 307 6 299.2 301 9 14. EXPORTS AND IMPORTS 602 604 606 612 614 616 618 • 620* 622 Exports, excluding military aid shipments, mil.$ Exports of domestic agricultural products, mil.$ Exports of nonelectrical machinery, mil.$ General imports, mil.$ Imports of petroleum and petroleum products, mil.$ Imports of automobiles and parts, mil.$ Merchandjse exports, adjusted, excluding military, mil.$' Merchandise imports, adjusted, excluding military, mil.$* Balance on merchandise trade, mil.$ 1 464,980 41,807 99,711 580,511 49,926 80,672 456,766 589,244 -132,478 36,928 3,424 8,090 44,832 4,387 6,811 38,894 3,357 8,371 49,347 4,813 7,048 38,479 3,498 8,119 48,660 4,958 6,945 38,930 3,470 8,231 37,639 3,537 8,094 37,109 3,405 8,169 47,306 4,342 6,619 4,651 6,819 47,534 4,149 6,090 113,067 147,465 -34,398 111,480 140,805 -29,325 38,050 3,350 8,513 48,097 3,745 6,691 38,885 3,540 8,322 49,506 3,759 6,861 40,092 3,565 111,935 147,907 -35,972 40,236 3,458 8,655 49,914 50,990 3,613 6,880 120,284 153067 '153,067 '-32,783 15. INTERNATIONAL COMPARISONS 47* 721 • 728* 725* 726 • 722 • 727 • 723 • 320 738 • 735 736 732 737 733* 19* 748* 745* 746* 742 • 747 • 743 • Industrial production indexes (1987-100): United States OECD, European countries 2 japan Federal Republic of Germany France United Kingdom Italy Canada Consumer price indexes (1982-84-100): United States, NSA Percent change over 6-month span, Japan, NSA Percent change over 6-month span, Federal Republic of Germany, NSA Percent change over 6-month span, France, NSA Percent change over 6-month span, United Kingdom, NSA Percent change over 6-month span, Italy, NSA Percent change over 6-month span, Canada, NSA Percent change over 6-month span, 110.9 107 111.7 107 107 105 104.4 103.2 AR AR 125.6 AR AR AR AR AR Stock price indexes (1967-100, NSA): United States* Japan* Federal Republic of Germany* France* United Kingdom* Italy* Canada* 758* 755* 756* 752* 757 • 753* Exchange rates: Exchange value of U.S. dollar, index: March 1973-100, NSA^*. Foreign currency per U.S. dollar (NSA): Japan (yen)* Federal Republic of Germany (d. mark)* France (franc)* United Kingdom (pound)* Italy (lira)* Canada (dollar)* 990* 991 • CIBCR long-leading composite index, 1967-100 4 CIBCR shorWeading composite index, 1967-100 4 750 • 144.5 2.6 118.5 109.9 107 113.5 106 108 104 106.8 101.7 143.1 3.1 117.4 1.0 124.3 110.0 107 116.5 '107 107 103 105.2 '103.2 143.6 2.8 117.7 1.0 124.7 4.6 143.1 2.6 163.7 .7 184.0 4.1 147.3 .3 3.5 143.5 1.9 165.3 1.9 186.4 4.5 142.4 2.7 163.1 .9 4.2 147.9 1.1 3.8 147.4 491.0 480.5 1,171.5 291.9 908.6 1,324.5 528.2 1,351.0 534.4 390.0 93.18 183.6 1.1 110.5 105 113.4 '106 106 104 100.7 102.2 144.0 2.7 118.5 2.6 125.1 3.8 143.2 2.1 165.2 2.7 184.7 4.6 147.3 1.0 110.0 107 110.6 107 106 105 105.1 '102.0 110.4 106 112.5 107 106 104 102.8 103.7 110.9 107 111.9 106 107 106 105.1 102.7 111.1 107 110.9 108 107 106 103.4 103.5 111.3 107 113.3 108 '107 106 103.1 104.4 111.9 108 107.4 107 106 107 105.3 '104.4 144.2 2.5 118.6 144.4 2.2 118.5 2.0 125.7 2.9 143.4 1.3 165.7 2.3 186.4 5.0 147.6 2.1 144.4 144.8 2.4 119.2 1.0 126.0 2.9 143.5 145.1 2.6 119.3 .5 126.1 2.7 144.0 145.7 2.4 119.2 -.2 126.4 2.9 144.3 145.8 2.4 118.5 -.5 126.7 145.8 126.9 "i28.0 3.4 144.4 3.5 144.3 144.5 1.7 166.0 1.8 166.7 1.5 166.6 2.0 187.2 4.5 148.1 2.2 2.6 187.5 3.8 148.2 2.6 2.4 188.6 3.8 148.4 1.8 166.4 2.4 189.5 3.4 149.1 1.5 -.9 1.7 166.7 2.2 189.5 3.5 148.8 -1.6 494.0 1,509.9 448.3 325.3 1,021.0 1,404.6 634.6 467.5 499.6 1,504.5 322.8 1,006.6 1,412.4 633.2 450.9 504.6 1,489.2 337.9 1,047.2 1,438.9 617.1 480.9 503.5 1,380.9 345.9 1,023.6 1,429.9 575.1 472.3 362.9 1,111.7 1,507.5 622.9 488.3 2.7 125.5 3.2 143.5 1.5 165.8 2.3 185.4 5.1 147.6 1.4 2.2 118.8 1.0 126.0 2.7 143.5 1.5 165.3 2.3 187.1 4.7 148.0 1.9 486.6 112.8 108 109.8 109.1 '105 '106 '107 '115.6 '107 102.5 2.9 ""i28J 144.9 "i67"4 ""166.6 190.6 128.7 "i45"2 191.4 ............ "i9T8 ""14&8 484.3 1,471.1 286.1 902.3 407.1 482.0 1,409.7 293.6 '938.8 1,324.5 544.0 428.2 1,324.5 575.4 437.4 487.4 1,462.1 293.3 907.8 1,339.0 559.7 448.2 93.82 93.65 90.62 90.24 91.81 94.59 94.32 92.07 93.29 95.47 95.73 96.54 95.79 94.35 111.08 1.6545 5.6669 .6662 1,573.41 1.2902 120.76 1.6414 5.5594 .6947 1,550.43 1.2602 117.02 1.6466 5.5944 .6841 1,591.35 1.2471 112.41 1.5964 5.3984 .6474 1,536.14 1.2621 110.34 1.6071 5.4180 .6461 1,475.66 15698 107.41 1.6547 5.5700 .6630 1,505.05 1.2789 107.69 1.7157 5.8464 .6687 1,586.02 1.2820 103.77 5.9298 .6705 1,603.75 1.3080 105.57 1.6219 5.6724 .6558 1,569.10 1.3215 107.02 1.6405 5.7541 .6656 1,600.93 1.3263 107.88 1.7005 5.9069 .6753 1,666.31 1.3174 109.91 1.7105 5.8477 .6706 1,687.17 1.3308 111.44 1.7426 5.9207 .6701 1,699.45 1.3173 106.30 1.7355 5.8955 .6760 1,685.96 1.3424 105.10 1.6909 5.7647 .6703 1,666.63 1.3644 259.0 224.1 257.6 223.1 259.1 226.2 261.1 226.5 263.0 '230.0 266.5 229.6 '266.1 '232.4 '267.2 233.8 '265.9 '237.1 1,380.4 312.2 969.7 1,373.6 575.2 441.1 489.7 1,233.8 296.8 945.8 1,468.4 311.6 954.3 1,323.9 579.9 506.9 1,306.9 514.5 504.5 513.0 1,374.5 1,444.0 '1,467.7 374.1 372.7 '374.0 '1,146.0 '1,141.6 '1,096.0 1,582.8 1,582.2 '1,526.4 646.5 " 6 9 9 . 6 '696.5 514.7 489.2 499.9 16. ALTERNATIVE COMPOSITE INDEXES See footnotes on page C-6. 257.9 222.4 255.1 221.9 256.3 '219.5 257.9 223.1 258.6 222.2 258.9 223.6 C-6 • April 1994 SURVEY OF CURRENT BUSINESS FOOTNOTES FOR PAGES C-l THROUGH C-5 a AR c © e * Anticipated. Annual rate. Corrected. Copyrighted. Estimated. Later data listed in notes. NSA P r • § 0 Not seasonally adjusted. Preliminary. Revised. Graph included for this series Major revision—see notes. End of period. L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications are shown in parentheses following the series titles. t Cyclical indicator series denoted by t are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes, and current high values, t Cyclical indicator series denoted by t are smoothed by an autoregressive-moving-average filter developed by Statistics Canada. For information on composite indexes and other concepts used in this section, see "Business Cycle Indicators: Upcoming Revision of the Composite Indexes" in the October 1993 SURVEY OF CURRENT BUSINESS and 'The Composite Index of Coincident Indicators and Alternative Coincident Indexes" in the June 1992 SURVEY. References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted. Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter. Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans: 1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month. High values reached by cyclical indicators in *he expansion following the last reference cycle trough (March 1991) are shown in boldface type; high values reached prior to the period shown in the table are listed at the bottom of each page. For inverted series, low values are indicated as highs. Sources for series in this section are shown on pages C-30 and C-31. Page C-1 Page C-3 * Preliminary April 1994 values: BCI-32 = 57.6, BCI-19 = 447.23, and BCI-109 = 6.34. 1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation amendments. Data exclude Puerto Rico, which is included in figures published by the source agency. 2. Copyrighted. This series may not be reproduced without written permission from the University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248. 3. Excludes BCI-57, for which data are not available. 4. Excludes BCI-77 and BCI-95, for which data are not available. 5. Data beginning January 1994 are based on the revised Current Population Survey and are not directly comparable with data for earlier periods. 6. The wages and salaries portion of this series has been adjusted to smooth yearend 1992 bonus payments that are in the revised national income and product accounts data. The bonus payments were too large to be adequately dealt with by the autoregressive-moving-average filter used to smooth this series. * Preliminary April 1994 value: BCI-23 = 280.9. 1. Copyrighted. This series may not be reproduced without written permission from Knight-Ridder Financial Publishing, 30 South Wacker Drive, Suite 1820, Chicago, IL 60606. Page C-2 * Preliminary April 1994 values: BCI-32 = 57.6; anticipated 2d quarter 1994 values: BCI-61 = 624.99 and BC1-100 = 601.46. 1. See footnote 5 for page C-1. 2. Data include initial claims made under the July 1992 Emergency Unemployment Compensation amendments. Data exclude Puerto Rico, which is included in figures published by the source agency. 3. Data exclude Puerto Rico, which is included in figures published by the source agency. 4. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill Information Systems Company, F.W. Dodge Division, Paramount Plaza, 13th Floor, 1633 Broadway, New York, NY 10019. Page C-4 * Preliminary April 1994 values: BCI-122 = 91.7, BCI-123 = 95.6, and BCI-85 = 0.12. 1. See footnote 6 for page C-1. 2. Copyrighted. This series may not be reproduced without written permission from the University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248. 3. Copyrighted. This series may not be reproduced without written permission from the American Bankers Association, 1120 Connecticut Avenue, NW, Washington, DC 20036. Page C-5 * Preliminary April 1994 values: BCI-119 = 3.55, BCI-114 = 3.70, BCI-116 = 7.94, BCI-115 = 7.28, BCI-117 = 6.25, BCI-109 = 6.34, BCI-19 (1941-43=10) = 447.23, BCI-19 (1967=100) = 486.5, BCI-748 = 1,452.0, BCI-745 = 388.2, BCI-746 = 1,071.4, BCI-742 = 1,501.9, BCI-747 = 802.5, BCI-743 = 482.2, BCI-750 = 94.77, BCI-758 = 103.80, BCI-755 = 1.7069, BCI-756 = 5.8433, BCI-752 = 0.6777, BCI-757 = 1,633.34, and BCI-753 = 1.3844. 1. Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and Department of Defense purchases (imports). 2. Organisation for Economic Co-operation and Development. 3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a description of this index, see the August 1978 Federal Reserve Bulletin (p. 700). 4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate School of Business, Columbia University, New York, NY 10027. Notes for Pages C-7 Through C-27 The following notes explain general features of the charts that appear in this section: • Business cycle peaks (P) and troughs (T), as designated by the National Bureau of Economic Research, Inc., are indicated at the top of each chart. The shaded areas represent recessions. • For each series classified as a cyclical indicator, the timing classifications at peaks, at troughs, and overall are shown in a box adjacent to the title. (L = leading, C = coincident, Lg = lagging, U = unclassified.) A complete list of series titles and sources is shown on pages C-30 and C-31. • Arithmetic scales are designated "Scale A." On the same arithmetic scale, equal vertical distances represent equal differences in data. (For example, the vertical distance from 10 to 15 is the same as the distance from 100 to 105.) • Logarithmic (log) scales are designated L-1, L-2, or L-3 to indicate their relative size. On log scales of the same size, equal vertical distances represent equal percentage changes. (For example, the vertical distance from 10 to 15 is the same as the distance from 100 to 150.) Compared with an L-1 scale, the same percentage change covers half the distance on an L-2 scale and one-third the distance on an L-3 scale. • Data are monthly unless otherwise indicated. Quarterly data are indicated by a "Q" following the series title. • Some series include a centered moving average, which is shown as a heavy line superimposed on the actual monthly data. • Parallel lines across a plotted series indicate a missing data value, change in definition, or other significant break in continuity. • The box near the end of each plotted series indicates the latest data month (Arabic numeral) or quarter (Roman numeral) shown or, for series computed over a span of time (diffusion indexes and rates of change), the latest data period used in computing the series. April 1994 • SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Composite Indexes Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. PT P T July Mar. PT 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 NOTE—Trie numbers and arrows indicate length of leads (-) and lags (+) in months from business cycle turning dates. Current data for these series are shown on page C-1. C-7 C-8 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Composite Indexes: Rates of Change Aug. Apr. PT Apr. Feb. p T Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. PT P T Composite Indexes: Diffusion mponents rising over 6-nnth span 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 NoTi.—Current data for these series are shown on page C-1. SURVEY OF CURRENT BUSINESS April 1994 • CYCLICAL INDICATORS Composite Indexes: Leading Index Components Aug. Apr. P T Jan. July July Nov PT P T Apr. Feb. P T ,! al e I B r a m s (housa ids—111 5. Ave "age w sekly 1 utial c M: nufac urers utexdercent I. I. • ... I I I I I... ...I fc.i...l I U , . ..itwft. ...I 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 NOTE.—Current data for these series are shown on page C-1. C-9 C-10 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Composite Indexes: Leading Index Components—Continued Aug. Apr. P T Apr. Feb. P T Jan. July July Nov PT P T 29. N ew pit ate housiHunits aithOtfAdbyhcalbiildi Cf ange i1 man smoo hed1 Ml. lol lied ordectft 1987 dollar! 99. Change i I I,,.],,,I I l.,,l...l:'... ,,,! I I I,,Si,, 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada. 2. This is a copyrighted series used by permission; it may not be reproduced without written permission from the University of Michigan, Survey Research Center. NOTE.—Current data for these series are shown on page C-1. SURVEY OF CURRENT BUSINESS April 1994 CYCLICAL INDICATORS Composite Indexes: Coincident Index Components Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. PT P T 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 NOTE.—Current data for these series are shown on page C-1. • C-ll C-12 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Composite Indexes: Lagging Index Components Aug. Apr. PT Apr. Feb. PT 1957 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994 1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada. NOTE.—Current data for these series are shown on page C-1. April 1994 • SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Employment and Unemployment Jan. July P T July P July Mar. P T Nov. T oducinc mdustn JS (millic 1966 6 7 6 8 69 70 7 1 7 2 7 3 74 75 7 6 7 7 7 8 7 9 8 0 NOTE.—Current data for these series are shown on page C-2. 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 9 2 9 3 1994 C-13 C-14 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Output, Production, and Capacity Utilization Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. P T P T July Mar. P T 56005200- iross da nestle pi oduct 1987 dol §s, O f pirate, 48004400400036003200130120110100- 74. Indus trial proi luction, i ondurat le manui actures (Index 90- s 7060- I. Industlli production, durable majnufacturps (index C.CC 50-' 120- 75. Indu: (trial pro iuction 11010090807060- 32. Capacity utilization rat manufi during percent) 90807060- , 1 1I 111 1 11I 111 ..il,,, , , , ! , , , 1 , , l I 1I , 1 , ml,,, ,,,1 .I,,, , , 1I I 111 1 i . l . , , 1 ,11 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 1994 NOTE.—Current data for these series are shown on page C-2. April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Sales and Orders Dec. Nov. P T ooc s industiies (bit. < lol.) Wages and Consumer Attitudes , m mufactui ing, and 123p|puir|er expectations 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 NOTE—Current data for these series are shown on pages C-2 and C-4. 90 91 92 93 1994 • C-15 C-16 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Fixed Capital Investment Dec. Nov. P T 12. Net jusiness formatic 160140120100- 706050403020J 504030- 20- 10 J 100806040- I. . . . .. I. . 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 1. This is a copyrighted series used by permission: it may not be reproduced without written permission from McGraw-Hill Information Systems Company, F.W. Dodge Division. 90 91 MOTE.—Current data for these series are shown on page C-2. 92 93 1994 <o To SURVEY OF CURRENT BUSINESS April 1994 • CYCLICAL INDICATORS Fixed Capital Investment—Continued 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 1. Dotted line represents anticipated expenditures. NOTE.—Current data for these series are shown on pages C-2 and C-3. 90 91 92 93 1994 C-17 C-18 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Fixed Capital Investment—Continued Dec. Nov. P T I ew priva :e housi vi te reside ntial fix ve9tt»ntini9e7dollas Inventories and Inventory Investment manufactu dol.; 6- anaflaae inventories mams^vg.) ,, l I,,, ...I,,, „ , I , , , « ) : , I I,,, ..i, I , ,fe.,..,.,.I ,,, ,,!,, 1966 6 7 6 8 6 9 7 0 71 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 81 8 2 8 3 8 4 8 5 8 6 8 7 8 8 NOTE.—Current data for these series are shown on page C-3. 90 91 92 93 1994 April 1994 • SURVEY OF CURRENT BUSINESS C-19 CYCLICAL INDICATORS Prices and Profits Nov. P Dec. Nov. P T Mar. T Jan. July P T July P July Mar. P T Nov. T 23. Spot martcetf rices 400-1 350300250- 200150- J 100 18. 350- ra e profits after taxte1987*4 JM&rs, G (ann. ra e, bil. do 300250200- 150- 16. Corporal ^profits &ti|r tax in currer t dollars Q (ann, iol.) 100- 50 22. Rati) J dona &e prof its after tax to cor sorate d mestic 1412108- S CO 42- corporj te domeitictocorie, Q (pe rcent) 26. Rati 0, implic tprice 4 iflator to| unit lab( r cost, nonfarm tusiness sec or, Q (intex:198; =100) IV i 1966 67 68 69 70 71 72 73 74 75 76 _L 77 78 79 IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment. NOTE.—Current data for these series are shown on pages C-3 and C-4. 80 81 82 83 84 85 86 87 88 90 91 92 93 1994 1. From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written permission from Knight-Ridder Financial Publishing. 10610410210098- C-20 • April 1994 SURVEY OF CURRENT BUSINESS CYCLICAL INDICATORS Money, Credit, and Interest Rates Jan. July P T Dec. Nov. P T July P July Mar. P T Nov. T ness loans rate,bf§fg|;6Jtermmo L,L,L tet change in coiijim ann. rate, bil. dollfe-ter 1966 67 68 69 70 71 72 73 74 75 76 NOTE.—Current data for these series are shown on page C-4. 77 78 79 80 81 82 83 84 85 86 87 88 90 91 92 93 1994 April 1994 • SURVEY OF CURRENT BUSINESS C-21 CYCLICAL INDICATORS Money, Credit, and Interest Rates—Continued Dec. Nov. P T Nov. P Mar. T Jan. July July P T P Nov. T July Mar. P T 19- 1715- t19. Federal fun 13119753- 17 Yie d on net Ittues >f high-g 15 13- 1197- Ion j-term Ti easury b onds ( 53- Alternative Composite Indexes 140- ing :omposi e index (1967=1011) 120100J 1966 6 7 6 8 70 7 1 7 2 7 3 74 75 7 6 7 7 7 8 7 9 8 0 CIBCR Center for International Business Cycle Research (Columbia University). NOTE.—Current data for these series are shown on page C-5. 8 1 8 28 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 9 2 9 3 1994 15 C-22 • SURVEY OF CURRENT BUSINESS April 1994 OTHER IMPORTANT ECONOMIC MEASURES Prices Jan. July P T Dec. Nov. P T July P Nov. T July Mar. P T at annual rate )roduct (ti-Q spar) hted prijs index 20100- 6-month span Prii ©indexes for all 20-1 < 323c. AKHemstesS food 20-1 < 1 O ll 0-1" 336c. Finished doods 20100- -10-1 s less foods <nde 20-i 100-1020-] 100-1020100- -10- sup >lies, an< compoi ents 332c. li itermedi 20100- -10- further processir g 50403020100-10-20- -30-I ,, . l 1966 67 I , , , V,, I 68 69 70 l , , , , » , . t 71 72 73 74 I 75 NOTE.—Current data for these series are shown on page C-3. 76 I , , , . , , I , ... , . , I , , , 77 78 79 80 81 82 83 ,,, 84 ,,, 85 86 ,,, 87 88 90 91 92 93 1994 April 1994 • SURVEY OF CURRENT BUSINESS OTHER IMPORTANT ECONOMIC MEASURES Other Measures Jan. July P T Dec. Nov. P T July P Nov. T July Mar. P T Persona«vlngH| Q (p ircent) 1966 6 7 6 8 6 9 7 0 7 1 7 2 7 3 74 75 76 7 7 7 8 7 9 8 0 NOTE.—Current data for these series are shown on pages C-4 and C-5. 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 90 91 92 93 1994 C-23 C-24 • April 1994 SURVEY OF CURRENT BUSINESS OTHER IMPORTANT ECONOMIC MEASURES International Industrial Production Dec. Nov. P T 721.OECDEurdp9anco*flWes 1966 6 7 6 8 6 9 7 0 7 1 7 2 7 3 74 75 76 7 7 7 8 7 9 8 0 Nore.—Current data for these series are shown on page C-5. 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 9 2 9 3 1994 SURVEY OF CURRENT BUSINESS April 1994 • OTHER IMPORTANT ECONOMIC MEASURES International Consumer Prices Dec. Nov. P T Jan. July P T July P Nov. T July Mar. P T Percent change over 6-month 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 rtoTE.—Current data for these series are shown on page C-5. 90 91 92 93 1994 C-25 C-26 • SURVEY OF CURRENT BUSINESS April 1994 OTHER IMPORTANT ECONOMIC MEASURES International Stock Prices Dec. Nov. P T 1966 6 7 6 8 6 9 70 7 1 7 2 7 3 Nov. Mar. P T 74 75 76 7 7 7 8 7 9 8 0 NOTE.—Current data lor these series are shown on page C-5. Jan. July July P T P Nov. T 8 1 8 2 8 3 8 4 8 5 8 6 8 7 90 91 92 93 1994 . April 1994 • SURVEY OF CURRENT BUSINESS OTHER IMPORTANT ECONOMIC MEASURES International Exchange Rates Dec. Nov. P T Nov. P Mar. T Jan. July P T July P Nov. T July Mar. P T 1966 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 1994 NOTE.—Current data for these series are shown on page C-5. C-27 C-28 • April 1994 SURVEY OF CURRENT BUSINESS Business Cycle Expansions and Contractions Duration in months Business cycle reference dates Trough Peak December 1854 December 1858 June 1861 December 1867 December 1870 June 1857 October 1860 April 1865 June 1869 October 1873 March 1879 May 1885 April 1888 May 1891 June 1894 Contraction (trough from previous peak) Cycle Expansion (trough to peak) Trough from previous trough Peak from previous peak 32 18 30 22 46 18 34 48 30 78 36 40 54 50 52 March 1882 March 1887 July 1890 January 1893 December 1895 . 65 38 13 10 17 36 22 27 20 18 99 74 35 37 37 101 60 40 30 35 June 1897 December 1900 August 1904 June 1908 January 1912 June 1899 September 1902 May 1907 January 1910 January 1913 18 18 23 13 24 24 21 33 19 12 36 42 44 46 43 42 39 56 32 36 December 1914 March 1919 July 1921 July 1924 November 1927 August 1918 January 1920 May 1923 October 1926 August 1929 23 7 18 14 13 44 10 22 27 21 35 51 28 36 40 67 17 40 41 34 March 1933 June 1938 October 1945 October 1949 May 1954 May 1937 February 1945 ... November 1948 . July 1953 August 1957 43 13 8 11 10 50 80 37 45 39 64 63 88 48 55 93 93 45 56 49 April 1958 February 1961 November 1970 March 1975 July 1980 April 1960 December 1969 . November 1973 . January 1980 July 1981 24 106 36 58 12 47 34 117 52 64 32 116 November 1982 March 1991 July 1990 16 8 92 28 100 108 Average, all cycles: 1854-1991 (31 cycles) 1854-1919 (16 cycles) 1919-1945 (6 cycles) 1945-1991 (9 cycles) 18 22 18 11 35 27 35 50 53 48 53 61 Average, peacetime cycles: 1854-1991 (26 cycles) 1854-1919 (14 cycles) 1919-1945 (5 cycles) 1945-1991 (7 cycles) 19 22 20 11 29 24 26 43 48 46 46 53 1.30 2.15 3. 25 4.13 cycles. cycles. cycles. cycles. 18 8 10 11 16 47 74 18 2 49 53 61 3 48 47 45 53 4 NOTE.—Figures printed in bold italic are the wartime expansions (Civil War, World Wars I and II, Korean war, and Vietnam war), the postwar contractions, and the full cycles that include the wartime expansions. Source: National Bureau of Economic Research, Inc., 1050 Massachusetts Avenue, Cambridge, MA 02138. April 1994 • SURVEY OF CURRENT BUSINESS C-29 Cyclical Leads (-) and Lags (+) for Selected Indicators [Length in months] At reference peaks Series no. Series title July 1990 July 1981 Jan. 1980 Nov. 1973 Dec. 1969 Apr. 1960 Aug. 1957 July 1953 Nov. 1948 Mean LEADING INDICATORS 1 5 8 32 20 29 92 99 19 106 83 910 940 Average weekly hours, manufacturing Average weekly initial claims for unemployment insurance (inverted)l Manufacturers' new orders in 1987 dollars, consumer goods and materials Vendor performance, slower deliveries diffusion index Contracts and orders for plant and equipment in 1987 dollars Building permits, new private housing units Change in manufacturers' unfilled orders in 1987 dollars, durable goods (smoothed) Change in sensitive materials prices (smoothed)2 Index of stock prices, 500 common stocks Money supply M2 in 1987 dollars Index of consumer expectations Composite index of 11 leading indicators Ratio, coincident index to lagging index 41 51 47 57 920 Employees on nonagricultural payrolls Personal income less transfer payments in 1987 dollars Index of industrial production Manufacturing and trade sales in 1987 dollars Composite index of 4 coincident indicators 91 77 62 109 101 95 120 930 Average duration of unemployment (inverted)l Ratio, manufacturing and trade inventories to sales in 1987 dollars Change in index of labor cost per unit of output, manufacturing (smoothed)2 Average prime rate charged by banks Commercial and industrial loans outstanding in 1987 dollars Ratio, consumer installment credit to personal income Change in Consumer Price Index for services (smoothed)2 Composite index of 7 lagging indicators -15 -22 -2 +1 -7 -21 -3 +2 -1 -7 -18 -18 -4 -7 0 -2 -3 -3 -10 -6 -7 -8 -10 -16 -13 —9 -10 -19 -13 -7 -9 -8 0 -1 -11 -14 -11 -13 -2 +11 +1 +2 +8 NST +4 +3 -21 -23 -25 -28 -9 -30 -19 -17 -13 -16 -9 -20 -27 -10 -3 -12 -5 -8 -26 -9 -6 NST -5 -5 -9 -11 -13 -5 _7 +3 NST -2 -2 -2 -2 NST -24 -38 -15 -15 -15 -9 -11 +11 0 0 0 0 NST -2 -8 7 -4 -11 -10 -7 -10 -12 -11 -10 -11 -9 -11 -12 -13 -14 -13 -17 -12 -17 -9 NST -2 -11 -12 -6 +3 -10 -10 -7 -13 -3 n.a. -30 -17 n.a. -7 -10 -11.0 -12.9 -9.3 -8.4 -7.3 -15.4 -10.6 -7.8 -11.1 -14.2 -12.4 -11.6 -11.2 COINCIDENT INDICATORS +0.8 -.4 -1.1 -3.7 -1.2 LAGGING INDICATORS +5 +15 +6 +1 +14 NST +2 +3 +16 +16 +10 +10 +5 +11 +13 +2 +5 +6 +7 -1 +5 n.a. +5 +2 +9 +10 +3 NST +8 -6 +3 0 +8 0 NST +3 NST n.a. NST -1.4 +9.2 +6.4 +2.0 +4.6 +1.0 +1.9 +3.1 At reference troughs Mar. 1991 Nov. 1982 July 1980 Mar. 1975 Nov. 1970 Feb. 1961 Apr. 1958 May 1954 Oct. 1949 Mean LEADING INDICATORS 1 5 8 32 20 29 92 99 19 106 83 910 940 Average weekly hours, manufacturing Average weekly initial claims for unemployment insurance (inverted)l Manufacturers' new orders in 1987 dollars, consumer goods and materials Vendor performance, slower deliveries diffusion index Contracts and orders for plant and equipment in 1987 dollars Building permits, new private housing units Change in manufacturers' unfilled orders in 1987 dollars, durable goods (smoothed)2 Change in sensitive materials prices (smoothed)2 Index of stock prices, 500 common stocks Money supply M2 in 1987 dollars Index of consumer expectations Composite index of 11 leading indicators Ratio, coincident index to lagging index 41 51 47 57 920 Average duration of unemployment (inverted)1 Ratio, manufacturing and trade inventories to sales in 1987 dollars Change in index of labor cost per unit of output, manufacturing (smoothed)2 Average prime rate charged by banks Commercial and industrial loans outstanding in 1987 dollars Ratio, consumer installment credit to personal income Change in Consumer Price Index for services (smoothed)2 Composite index of 7 lagging indicators -2 -1 0 +1 -1 -10 -3 -2 -5 -7 -6 -1 -8 0 -2 -2 -2 -2 -3 -1 0 Employees on nonagricultural payrolls Personal income less transfer payments in 1987 dollars Index of industrial production Manufacturing and trade sales in 1987 dollars Composite index of 4 coincident indicators 91 77 62 109 101 95 120 930 +1 0 0 0 +3 -2 +20 0 -5 -2 -5 -2 0 -1 -2 -1 -8 +4 -13 -2 -5 -4 NST -8 -10 -10 NST -2 -4 -2 —2 -1 +4 -7 -6 -2 -8 -5 -4 -8 NST -6 -4 -5 -2 0 0 -11 +1 -2 -9 -1 -4 NST -3 -2 -1 -6 0 -4 -7 -6 -9 -4 -4 -4 -15 n.a. -4 0 -1.2 -.1 -1.8 -4.2 +.6 -5.4 -.6 -2.4 -4.6 -5.2 -4.0 -3.1 -2.9 COINCIDENT INDICATORS 0 NST 0 0 0 +1.8 +.1 0 -1.2 +.3 LAGGING INDICATORS n.a. Not available. Oata needed to determine a specific turning point are not available. 1. This series is inverted; i.e., low values are peaks and high values are troughs. 2. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada. NOTE.—Reference peaks and troughs are the cyclical turning points in overall business activity (see page C28); specific peaks and troughs are the cyclical turning points in individual series. This table lists, for the composite +19 n.a. +25 n.a. +24 +21 +18 n.a. +8 +14 +10 +8 +11 0 +2 +7 +6 +6 +7 +1 +8 NST +3 +3 +10 +44 +8 +25 +18 +11 +5 +21 +19 +27 +12 +16 +15 NST +27 +15 +5 +14 +7 +57 NST +9 +5 +6 +6 +13 +6 +4 +4 +7 +8 +4 +12 +12 +11 +14 +3 +6 n.a. +9 +8 +9 +1 NST -1 NST n.a. NST +10.3 +17.4 +9.7 +17.9 +10.2 +9.0 +9.7 +9.3 indexes and their components, the leads (-) and lags (+) of the specific peaks and troughs in relation to the corresponding reference peaks and troughs. See Measuring Business Cycles by Arthur F. Burns and Wesley C. Mitchell (National Bureau of Economic Research, Inc., 1946) for information on the selection of cyclical peaks and troughs. NST No specific turn. No specific turning point is discernible in the data. C-30 • April 1994 SURVEY OF CURRENT BUSINESS TITLES AND SOURCES OF SERIES Series are listed below in numerical order within each of the two major- groups. Series numbers are for identification only and do not reflect relationships or order among the series. "M" following a series title indicates monthly data; "Q" indicates quarterly data. Data apply to the whole period except when indicated by "EOM" (end of month) or "EOQ" (end of quarter). To save space, the following commonly used sources are referred to by number: Source 1—U.S. Department of Commerce, Bureau of Economic Analysis; Source 2—U.S. Department of Commerce, Bureau of the Census; Source 3—U.S. Department of Labor, Bureau of Labor Statistics; Source 4—Board of Governors of the Federal Reserve System. The numbers in parentheses following the sources indicate the C-pages on which the series appear: Numbers in plain type indicate data tables; numbers in bold type indicate charts. 1. Cyclical Indicators Chicago; seasonal adjustment by U.S. Department of Commerce, Office of the Chief Economist (1,2,9) 1. Average weekly hours of production or nonsupervisory workers, manufacturing (M).—Source 3 (1,2,9) 5. Average weekly initial claims for unemployment insurance, State programs (M).—Source 1 and U.S. Department of Labor, Employment and Training Administration (1,2,9) 35. Corporate net cash flow in 1987 dollars (Q).—Source 1 (4) 37. Number of persons unemployed (M).—Source 3 (2) 39. (EOM).—American Bankers Association (This is a copyrighted series used by permission; it may not be reproduced without written permission from the source.) (4) 7. Manufacturers' new orders in 1987 dollars, durable goods industries (M)— Sources 1,2, and 3(2,15) 8. Manufacturers' new orders in 1987 dollars, consumer goods and materials industries (M).-Sources 1, 2, and 3 (1,2,9) 9. Construction contracts awarded for commercial and industrial buildings, floor space (M).—McGraw-Hill Information Systems Company; seasonal adjustment by Bureau of Economic Analysis (This is a copyrighted series used by permission; it may not be reproduced without written permission from the source.) (2,16) Percent of consumer installment loans delinquent 30 days and over 40. Employees on nonagricultural payrolls, goods-producing industries (M).— Source 3 (2,13) 41. Employees on nonagricultural payrolls (M).—Source 3 (1,2,11) 42. Number of persons engaged in nonagricultural activities (M).—Source 3 (2) 43. Civilian unemployment rate (M).—Source 3 (2,13) 44. Unemployment rate, persons unemployed 15 weeks and over (M).—Source 3(2) 10. Contracts and orders for plant and equipment in current dollars (M).— Sources 1,2, and McGraw-Hill Information Systems Company (2) 45. Average weekly insured unemployment rate, State programs (M).—Source 1 and U.S. Department of Labor, Employment and Training Administration (2) 12. Index of net business formation (M).—Source 1 and Dun & Bradstreet, Inc. (2,16) 46. Index of help-wanted advertising in newspapers (M).—The Conference Board (2,13) 13. Number of new business incorporations (M).—Dun & Bradstreet, Inc. (2,16) 47. Index of industrial production (M).-Source 4 (1,2,5,11,24) 14. 48. Current liabilities of business failures (M).-Dun & Bradstreet, Inc. (4) Employee hours in nonagricultural establishments (M).—Source 3 (2,13) 16. Corporate profits after tax in current dollars (Q).—Source 1 (4,19) 49. Value of domestic goods output in 1987 dollars (Q)-Source 1 (2) 18. Corporate profits after tax in 1987 dollars (Q).-Source 1 (4,19) 50. Gross national product in 1987 dollars (Q).—Source 1 (2) 19. Index of stock prices, 500 common stocks Corporation (1,5,10,26) 51. Personal income less transfer payments in 1987 dollars (M).—Source 1 (1,4,77) 20. (M).—Standard & Poor's Contracts and orders for plant and equipment in 1987 dollars (M).—Sources 1, 2, and McGraw-Hill Information Systems Company (1,2,9) 21. Average weekly overtime hours of production or nonsupervisory workers, manufacturing (M).—Source 3 (2,13) 22. Ratio, corporate domestic profits after tax to total corporate domestic income (Q).—Source 1 (4,19) 23. Index of spot market prices, raw industrial materials (M).—Sources 1, 3, and Knight-Ridder Financial Publishing. (From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written permission from Knight-Ridder Financial Publishing.) (3,19) 26. Ratio, implicit price deflator to unit labor cost, all persons, nonfarm business sector (Q).—Sources 1 and 3 (4,19) 27. Manufacturers' new orders in 1987 dollars, nondefense capital goods industries (M).-Sources 1,2, and 3 (2,16) 28. index of new private housing units authorized by local building permits (M).-Sources 1 and 2 (1,3,10) 30. Change in business inventories in 1987 dollars (Q).—Source 1 (3,18) Personal income in 1987 dollars (M).—Source 1 (4) 53. Wages and salaries in 1987 dollars, mining, construction (M).—Sources 1 and 3 (4,75) manufacturing, and 55. Gross domestic product in 1987 dollars (Q).-Source 1 (2,14) 57. Manufacturing and trade sales in 1987 dollars (M).—Sources 1 and 2 (1,2,77) 58. Index of consumer sentiment (Q,M).—University of Michigan, Survey Research Center (This is a copyrighted series used by permission; it may not be reproduced without written permission from the source.) (4) 59. Sales of retail stores in 1987 dollars (M).-Sources 1 and 2 (2,75) 60. New private housing units started (M).-Source 2 (3,18) 29. 52. Ratio, help-wanted advertising in newspapers to number of persons unemployed (M).—Sources 1, 3, and The Conference Board (2) 61. New plant and equipment expenditures by business in current dollars (Q).— Source 2 (2) 62. Change in index of labor cost per unit of output, manufacturing, smoothed (M).—Sources 1 and 4 (1,4,12) 63. index of unit labor cost, all persons, business sector (Q).—Source 3 (4) 66. Consumer installment credit outstanding (EOM).—Source 4 (5) 69. 31. Change in manufacturing and trade inventories (M).—Sources 1 and 2 (3,18) 32. Vendor performance, slower deliveries diffusion index (M).—National Association of Purchasing Management and Purchasing Management Association of 70. Manufacturers' machinery and equipment sales and business construction expenditures (M).—Sources 1 and 2 (2,77) Manufacturing and trade inventories in 1987 dollars (EOM).—Sources 1 and 2(3) SURVEY OF CURRENT BUSINESS April 1994 • C-31 72. Commercial and industrial loans outstanding in current dollars (M).— Sources 1, 4, and The Federal Reserve Bank of New York (5) 115. Yield on long-term Treasury bonds (M).—U.S. Department of the Treasury (5,21) 73. Index of industrial production, durable manufactures (M).—Source 4 (2,14) 116. Yield on new issues of high-grade corporate bonds (M).—Citibank and U.S. Department of the Treasury (5,21) 74. Index of industrial production, nondurable manufactures (M).—Source 4 (2,14) 75. Index of industrial production, consumer goods (M).—Source 4 (2,14) 76. Index of industrial production, business equipment (M).—Source 4 (3,17) 77. Ratio, manufacturing and trade inventories to sales in 1987 dollars (M) — Sources 1 and 2 (1,3,12) 81. Ratio, corporate domestic profits after tax with inventory valuation and capital consumption adjustments to total corporate domestic income (Q).-Source 1 (4,19) 117. Yield on municipal bonds, 20-bond average (M).—The Bond Buyer (5) 118. Secondary market yields on FHA mortgages (M).—U.S. Department of Housing and Urban Development, Federal Housing Administration (5) 119. Federal funds rate (M).-Source 4 (6,21) 120. Change in Consumer Price Index for services, smoothed (M).—Sources 1 and 3 (1,3,12) 122. Index of consumer confidence (M).-The Conference Board (4) 123. Index of consumer expectations (M) —The Conference Board (4,15) 82. Capacity utilization rate, manufacturing (M)-Source 4 (2,14) 124. Capacity utilization rate, total industry (M).-Source 4 (2) 83. Index of consumer expectations (Q,M).—University of Michigan, Survey Research Center (This is a copyrighted series used by permission; it may not be reproduced without written permission from the source.) (1,4,10) 910. Composite index of 11 leading indicators (includes series 1,5,8,19, 20,29, 32, 83, 92, 99,106) (M).-Source 1 (1,7,8) 85. Change in money supply M1 (M).—Sources 1 and 4 {4,20) 86. Gross private nonresidential fixed investment in 1987 dollars (Q).—Source 1 (3,17) 87. Gross private nonresidential fixed investment in 1987 dollars, structures (Q).-Source 1 (3,17) 88. Gross private nonresidential fixed investment in 1987 dollars, producers' durable equipment (Q).—Source 1 (3,17) 89. Gross private residential fixed investment in 1987 dollars (Q).—Source 1 (3,18) 9G. Ratio, civilian employment to population of working age (M).—Source 3 P. 13) 91. Average duration of unemployment in weeks (M).—Source 3 (1,2,12) 92. Change in manufacturers' unfilled orders in 1987 dollars, durable goods industries, smoothed (M).—Sources 1,2, and 3 (1,2,10) 93. Free reserves (M).—Sources 1 and 4 (4) 920. Composite index of 4 coincident indicators (includes series 41, 47, 51, 57) (M).-Source 1 (1,7, a) 930. Composite index of 7 lagging indicators (includes series 62, 77,91, 95,101, 109,120) (M).—Source 1 (1,7,5) 940. Ratio, coincident composite index (series 920) to lagging composite index (series 930) (M).-Source 1 (1,7) 950. Diffusion index of 11 leading indicator components (M).—Source 1 (1,5) 951. Diffusion index of 4 coincident indicator components (M).—Source 1 (1,8) 952. Diffusion index of 7 lagging indicator components (M).—Source 1 (1,5) 963. Diffusion index of employees on private nonagricultural payrolls, 356 industries (M).—Source 3 (2) 990. CIBCR long-leading composite index (M).—Columbia University, Center for International Business Cycle Research (5,21) 991. CIBCR short-leading composite index (M).—Columbia University, Center for International Business Cycle Research (5,21) 94. Member bank borrowings from the Federal Reserve (M).—Source 4 (4) 95. Ratio, consumer installment credit outstanding to personal income (M)— Sources 1 and 4 (1,5,12) 98. Index of producer prices for sensitive crude and intermediate materials (M).—Sources 1 and 3 (3) 99. Change in sensitive materials prices, smoothed (M).—Sources 1, 3, and Knight-Ridder Financial Publishing. (1,3,10) 2. Other Important Economic Measures 290. Gross saving (Q).—Source 1 (4) 292. Personal saving (Q).—Source 1 (4) 293. Personal saving rate (Q).—Source 1 (4,23) 295. Business saving (Q).—Source 1 (4) 100. New plant and equipment expenditures by business in 1987 dollars (Q).— Source 2 (2,17) 298. Government surplus or deficit (Q).—Source 1 (4,23) 101. Commercial and industrial loans outstanding in 1987 dollars (M).—Sources 1, 3, 4, and The Federal Reserve Bank of New York (1,5,12) 311. Fixed-weighted price index, gross domestic business product (Q).—Source 1(3,22) 102. Change in money supply M2 (M).—Sources 1 and 4 (4,20) 320. Consumer Price Index for all urban consumers, all items (M).—Source 3 (3,5,22,25) 105. Money supply M1 in 1987 dollars (M).—Sources 1, 3, and 4 (4) 106. Money supply M2 in 1987 dollars (M).-Sources 1, 3, and 4 (1,4,10) 107. Ratio, gross domestic product to money supply M1 (Q).—Sources 1 and 4 (4) 108. Ratio, personal income to money supply M2 (M).—Sources 1 and 4 (4) 109. Average prime rate charged by banks (M).—Source 4 (1,5,12) 110. Funds raised by private nonfinancial borrowers in credit markets (Q).— Source 4 (4,20) 111. Change in business and consumer credit outstanding (M) —Sources 1, 4, Federal Home Loan Bank Board, and The Federal Reserve Bank of New York (4) 112. Net change in business loans (M).—Sources 1, 4, and The Federal Reserve Bank of New York (4,20) 113. Net change in consumer installment credit (M).—Sources 1 and 4 (4,20) 114. Discount rate on new issues of 91-day Treasury bills (M).—Source 4 (5,21) 323. Consumer Price Index for all urban consumers, all items less food and energy (M).—Source 3 (3,22) 331. Producer Price Index, crude materials for further processing (M).—Sources l a n d 3 (3,22) 332. Producer Price Index, intermediate materials, supplies, and components (M).—Sources 1 and 3 (3,22) 333. Producer Price Index, capital equipment (M) —Sources 1 and 3 (3,22) 334. Producer Price Index, finished consumer goods (M).—Sources 1 and 3 (3,22) 336. Producer Price Index, finished goods (M).—Sources 1 and 3 (3,22) 337. Producer Price Index, finished goods less foods and energy (M) —Sources l a n d 3 (3,22) 345. Index of average hourly compensation, all employees, nonfarm business sector (Q).—Source 3 (4) C-32 • April 1994 SURVEY OF CURRENT BUSINESS 346. Index of real average hourly compensation, all employees, nonfarm business sector (Q).—Source 3 (4) 725. Federal Republic of Germany, index of industrial production Statistisches Bundesamt (Wiesbaden) (5,24) 358. Index of output per hour, all persons, nonfarm business sector (Q).—Source 726. France, index of industrial production (M).—Institut National de la Statistique et des Etudes Economiques (Paris) (5,24) 3(4) 370. Index of output per hour, all persons, business sector (Q) —Source 3 (4,23) 441. Civilian labor force (M).-Source 3 (2) (M).— 727. Italy, index of industrial production (M) —Istituto Centrale di Statistica (Rome) (5,24) 728. Japan, index of industrial production (M).—Ministry of International Trade and Industry (Tokyo) (5,24) 442. Civilian employment (M).—Source 3 (2) 451. Civilian labor force participation rate, males 20 years and over (M) —Source 3(2) 452. Civilian labor force participation rate, females 20 years and over (M).— Source 3 (2) 453. Civilian labor force participation rate, both sexes 16-19 years of age (M)— Source 3 (2) 525. Defense Department prime contract awards for work performed in the United States (M).—U.S. Department of Defense, Office of the Assistant Secretary of Defense (Comptroller), Washington Headquarters Services, Directorate for Information Operations and Reports; seasonal adjustment by Bureau of Economic Analysis (5) 548. Manufacturers' new orders, defense products (M).—Source 2 (5) 557. Index of industrial production, defense and space equipment (M).—Source 4(5) 564. Federal Government purchases, national defense (Q)—Source 1 (5,23) 570. Employment, defense products industries (M).—Sources 1 and 3 (5) 732. United Kingdom, consumer price index (M).—Department of Employment (London); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 733. Canada, consumer price index (M).—Statistics Canada (Ottawa); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 735. Federal Republic of Germany, consumer price index (M).—Statistisches Bundesamt (Wiesbaden); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 736. France, consumer price index (M).—Institut National de la Statistique et des Etudes Economiques (Paris); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 737. Italy, consumer price index (M).—Istituto Centrale di Statistica (Rome); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 738. Japan, consumer price index (M).—Bureau of Statistics, Office of the Prime Minister (Tokyo); percent changes seasonally adjusted by Bureau of Economic Analysis (5,25) 742. United Kingdom, index of stock prices (M).-Central Statistical Office (London) (5,26) 602. Exports, excluding military aid shipments (M).—Sources 1 and 2 (5) 743. Canada, index of stock prices (M).—Toronto Stock Exchange (Toronto) (5,26) 604. Exports of domestic agricultural products (M).—Sources 1 and 2 (5) 606. Exports of nonelectrical machinery (M).—Sources 1 and 2 (5) 612. General imports (M).-Source 2 (5) 745. Federal Republic of Germany, index of stock prices Bundesamt (Wiesbaden) (5,26) (M).—Statistisches 614. Imports of petroleum and petroleum products (M).—Sources 1 and 2 (5) 746. France, index of stock prices (M).—Institut National de la Statistique et des Etudes Economiques (Paris) (5,26) 616. Imports of automobiles and parts (M).—Sources 1 and 2 (5) 747. Italy, index of stock prices (M)-Banca d'ltalia (Rome) (5,26) 618. Merchandise exports, adjusted, excluding military (Q).—Source 1 (5,23) 748. Japan, index of stock prices (M).—Bank of Japan (Tokyo) (5,26) 620. Merchandise imports, adjusted, excluding military (Q).—Source 1 (5,23) 750. Index of weighted-average exchange value of U.S. dollar against currencies of 10 industrial countries (M).-Source 4 (5,27) 622. Balance on merchandise trade (Q).—Source 1 (5) 752. United Kingdom, exchange rate per U.S. dollar (M).—Sources 1 and 4 (5,27) 721. Organisation for Economic Co-operation and Development, European countries, index of industrial production (M).—Organisation for Economic Co-operation and Development (Paris) (5,24) 722. United Kingdom, index of industrial production (M).-Central Statistical Office (London) (5,24) 723. Canada, index of industrial production (M).—Statistics Canada (Ottawa) 753. Canada, exchange rate per U.S. dollar (M).-Source 4 (5,27) 755. Federal Republic of Germany, exchange rate per U.S. dollar (M).—Source 4 (5,27) 756. France, exchange rate per U.S. dollar (M).—Source 4 (5,27) 757. Italy, exchange rate per U.S. dollar (M)-Source 4 (5,27) 758. Japan, exchange rate per U.S. dollar (M).—Source 4 (5,27) SURVEY OF CURRENT BUSINESS April 1994 • S-l Sources for Current Business Statistics This listing gives the address and phone number of sources for all series formerly published in the "Current Business Statistics" section, which has been discontinued. The source numbers shown in this list are printed in brackets after the series titles on pages S-i through S-32 of the March 1994 SURVEY OF CURRENT BUSINESS. 1.1 Personal income by source and disposition of personal income U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Wealth Division, BE-54, 1441 L Street NW, Washington, DC 20230 (202) 606-5304 2.3 Producer prices and producer price indexes for all commodities U.S. Department of Labor, Bureau of Labor Statistics, Division of Industrial Prices and Price Indexes, Postal Square Building, Room 3840, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-7705 1.2 Industrial production Jerry Storch, Board of Governors of the Federal Reserve System, Division of Research and Statistics, Industrial Output Section, Eccles Building, Room 3212-D, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-2932 3.1 Construction put in place and construction cost indexes George A. Roff, U.S. Department of Commerce, Bureau of the Census, Construction Statistics Division, Progress Branch, Iverson Mall, Room 301-03, Washington, DC 20233 (301) 763-5717 3.2 Construction contracts Laura Pelzer, McGraw-Hill Construction Information Group, F.W. Dodge Division, Paramount Plaza, 13th Floor, 1633 Broadway, New York, NY 10019 (212) 512-3523 1.3 Business sales, inventories, inventory-sales ratios, and retail trade Ronald Piencykoski, U.S. Department of Commerce, Bureau of the Census, Business Division, Current Retail Sales and Inventories Branch, FOB 3, Room 2626, Washington, DC 20233 (301) 763-5294 1.4 Manufacturing and trade sales, inventories, and ratios in 1987 dollars U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Wealth Division, BE-54, 1441 L Street NW, Washington, DC 20230 (202) 606-5304 1.5 Manufacturers' shipments, inventories, and orders Steve Andrews or Kathy Menth, U.S. Department of Commerce, Bureau of the Census, Industry Division, M3 Branch, FOB 4, Room 2232, Washington, DC 20233 (301) 763-2502 or (301) 763-2575 1.6 Business incorporations and industrial and commercial failures The Dun & Bradstreet Corporation, Economic Communications Department, 299 Park Avenue, New York, NY 10171 (212) 593-4163 2.1 Prices received and paid by farmers Herb Vanderberry, U.S. Department of Agriculture, National Agricultural Statistical Service, Commodity Prices Section, Economic Statistics Branch, South Building, Room 5912, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-5446 2.2 Consumer prices and purchasing power of the dollar U.S. Department of Labor, Bureau of Labor Statistics, Office of Consumer Prices and Price Indexes, Postal Square Building, Room 3615, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-7000 3.3 Housing starts and permits U.S. Department of Commerce, Bureau of the Census, Construction Statistics Division, Construction Starts Branch, Iverson Mall, Room 300-15, Washington, DC 20233 (301) 763-5731 3.4 Boeckh indexes Janet Olson, BOECKH, Division of Mitchell International, P.O. Box 51291, New Berlin, wi 53151-0291 (1-800) 809-0016, ext. 2808 3.5 Engineering News-Record and construction hourly wages Rona Nadi, McGraw-Hill Construction Information Group, Engineering News-Record, 41st Floor, 1221 Avenue of the Americas, New York, NY 10020 (212) 512-3418 3.6 Federal Highway Adm.—highway construction Claretta Duren, U.S. Department of Transportation, Federal Highway Administration, Interstate and Programs Support Branch, HNG-13, Nassis Building, Room 3128, 400 7th Street sw, Washington, DC 20590 (202) 366-4636 3.7 Real estate Zenora Hines, U.S. Housing and Urban Development, Federal Housing Administration, Information Systems Division, Room B133, 451 7th Street sw, Washington, DC 20410 (202) 755-7500, ext. 107 3.8 Federal Home Loan Banks, outstanding advances to member institutions Phil Quinn, Federal Housing Finance Board, District Bank Directorate Division, Financial Report Branch, 4th Floor, 1777 F Street NW, Washington, DC 20006 (202) 408-2865 4.1 Newspaper advertising expenditures Miles Groves, Newspaper Association of America, Newspaper Center, 11600 Sunrise Valley Drive, Reston, VA 22091 (703) 648-1339 S-2 • April 1994 SURVEY OF CURRENT BUSINESS 4.2 Wholesale trade Nancy Piesto, U.S. Department of Commerce, Bureau of the Census, Business Division, Current Wholesale Branch, FOB 3, Room 2747, Washington, DC 20233 (301) 763-3916 5.1 Labor force and population U.S. Department of Labor, Bureau of Labor Statistics, Office of Employment and Unemployment Statistics, Current Employment Analysis Section, Postal Square Building, Room 4675, 2 Massachusetts Avenue, NE, Washington, DC 20212 (202) 606-6378 5.2 Employment, average hours per week, indexes of employeehours, and hourly and weekly earnings U.S. Department of Labor, Bureau of Labor Statistics, Office of Employment and Unemployment Statistics, Monthly Industry Employment Statistics, Postal Square Building, Room 4860, 2 Massachusetts Avenue, NE, Washington, DC 20212 (202) 606-6555 5.3 Aggregate employee-hours U.S. Department of Labor, Bureau of Labor Statistics, Division of Productivity Research, Postal Square Building, Room 2150, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-5606 5.4 Employment cost index Wayne Shelly, U.S. Department of Labor, Bureau of Labor Statistics, Office of Compensation and Working Conditions, Division of Employment Cost Trends, Postal Square Building, Room 4170, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-6199 5.5 Help-wanted advertising Ken Goldstein, The Conference Board, Inc., 845 Third Avenue, New York, NY 10022 (212) 339-0331 5.6 Work stoppages U.S. Department of Labor, Bureau of Labor Statistics, Division of Developments and Labor Management Relations, Postal Square Building, Room 4175, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-6288 5.7 Unemployment insurance Cindy Ambler, U.S. Department of Labor, Employment and Training Administration, Unemployment Insurance Service, Suite s-4519, 200 Constitution Avenue NW, Washington, DC 20210 (202) 219-5922 6.1 Bankers9 acceptances Thomas Brady, Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 81, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3363 6.2 Commercial and financial company paper Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045 (212) 720-6143 6.3 Loans of the Farm Credit System Federal Farm Credit Banks Funding Corporation, Suite 1401, 10 Exchange Place, Jersey City, NJ 07302 (201) 200-8000 6.4 Federal Reserve Banks condition Kim Jefferson, Board of Governors of the Federal Reserve System, Information Resource Management, Stop 170, Martin Building, 20th & C Streets NW, Washington, DC 20551 (202) 452-2398 6.5 All member banks of Federal Reserve System, average daily figures Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 72, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3577 6.6 Large commercial banks reporting to Federal Reserve System Dennis Farley, Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 81, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3021 6.7 Commercial bank credit Virginia Lewis, Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 84, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3012 6.8 Money and interest rates and taxable U.S. Treasury bonds Deborah McMillian, Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 81, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-2851 6.9 Home mortgage rates Travis King, Federal Housing Finance Board, 1777 F Street NW, Washington, DC 20006 (202) 408-2967 6.10 Consumer installment credit Mark Peirce, Board of Governors of the Federal Reserve System, Division of Research and Statistics, Stop 93, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3760 6.11 Federal Government finance Sherry Sherrod, U.S. Department of the Treasury, Financial Management Service, Room 749, 941 North Capitol Street NE, Washington, DC 20227 (202) 208-2456 6.12 Gold, monetary stock Donald Adams, Board of Governors of the Federal Reserve System, Division of International Finance, Stop 43, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-2364 6.13 Gold and silver prices at New York Platt's Metals Week, McGraw-Hill Inc., 42nd Floor, 1221 Avenue of the Americas, New York, NY 10020 (212) 512-2823 6.14 Monetary statistics Board of Governors of the Federal Reserve System, Division of Monetary Affairs, Stop 72, Eccles Building, 20th & Constitution Avenue NW, Washington, DC 20551 (202) 452-3577 6.15 Currency in circulation Bernadette Derr, U.S. Department of the Treasury, Financial Management Service, 401 14th Street sw, Washington, DC 20227 (202) 208-1374 6.16 Profits and dividends Paul Zarrett, U.S. Department of Commerce, Bureau of the Census, Economic Census and Survey Division, FOB 3, Room 2578, Washington, DC 20233 (301) 763-2718 SURVEY OF CURRENT BUSINESS 6.17 State and municipal securities issues and domestic municipal bond yields The Bond Buyer, Statistics Department, 31st Floor, 1 State Street Plaza, New York, NY 10004 (212) 943-8542 6.18 Bond prices, domestic municipal bond yields, and stock prices and yields Standard & Poor's Corporation, Central Inquiry, 25 Broadway, New York, NY 10004 (212) 208-1199 6.19 Bond sales Mike Hyland, New York Stock Exchange, Inc., Fixed Income Markets, 20 Broad Street, New York, NY 10005 (212) 6565868 6.20 Bond yields Moody's Investors Service, Corporate Rating Desk, 99 Church Street, New York, NY 10007 (212) 553-0377 6.21 Stock prices, Dow Jones averages Dow Jones & Company, Inquiry Department, 200 Liberty Street, New York, NY 10281 (212) 416-2676 6.22 Stock prices, stock sales, and shares listed, New York Stock Exchange (NYSE) April 1994 • S-3 8.3 Motor carriers Andrew Lee, Interstate Commerce Commission, Office of Economics, Section of Costing and Financial Information, Room 3310, 12th & Constitution Avenue NW, Washington, DC 20423 (202) 927-6387 8.4 Freight carried—volume indexes, class 1 and 11 intercity truck tonnage Mike Arendes, American Trucking Association, Trucking Information Services, 2200 Mill Road, Alexandria, VA 22314-4677 (703) 838-1791 8.5 Class 1 railroads David Miller, Association of American Railroads, Economics and Finance Department, Room 5404, 50 F Street NW, Washington, DC 20001 (202) 639-2304 8.6 Foreign travel Pat Harrington, U.S. Department of Transportation, Volpe National Transportation Systems Center, Center for Transportation Information, Kendall Square, Cambridge, MA 02142 (617) 494-2450 Bethann Ashfield, New York Stock Exchange, Inc., Research Library, 17th Floor, 11 Wall Street, New York, NY 10005 (212) 656-2491 8.7 Passports issued David Brown, U.S. Department of State, Passport Services, Office of Program Support, Room 584, 1425 K Street NW, Washington, DC 20522-1705 (202) 326-6075 6.23 Stock prices and stock sales, NASDAQ over-the-counter Mike Shokouhi, National Association of Securities Dealers, Inc., Economic Research Department, 1735 K Street NW, Washington, DC 20006 (202) 728-8274 8.8 National parks, recreation visits Tom Wade, U.S. Department of Interior, National Park Service, Socio-Economic Studies, 12795 West Alameda Parkway, Denver, co 80225-0287 (303) 969-6977 6.24 Stock sales on all registered exchanges (SEC) William Atkinson, Securities and Exchange Commission, Office of Economic Analysis, Stop 9-1, 450 5th Street NW, Washington, DC 20549 (202) 272-7360 9.1 Inorganic chemicals Lissene Hafenrichter, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2212, Washington, DC 20233 (301) 763-2541 7.1 Value of exports, value of imports, and merchandise trade balance Richard Preuss, U.S. Department of Commerce, Bureau of the Census, Foreign Trade Division, Trade Data Services Branch, FOB 3, Room 2279, Washington, DC 20233 (301) 763-7754 7.2 Export and import price indexes Michelle Vachris, U.S. Department of Labor, Bureau of Labor Statistics, Division of International Prices, Branch of Index Methods, Analysis, and Evaluation, Postal Square Building, Room 3955, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-7155 7.3 Shipping weight and value Norman Tague, U.S. Department of Commerce, Bureau of the Census, Foreign Trade Division, Transportation Branch, FOB 3, Room 2266, Washington, DC 20233 (301) 763-7770 9.2 Sulfur Pamela Shorter, U.S. Department of Interior, Bureau of Mines, Branch of Industrial Metals, MS-9705, 810 7th Street NW, Washington, DC 20241 (202) 501-9506 9.3 Inorganic fertilizer materials Walter Hunter, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2212, Washington, DC 20233 (301) 763-4490 9.4 Potash, sales Connie Holcomb, Potash and Phosphate Institute, Inc., Suite 110, 655 Engineering Drive, Norcross, GA 30092 (404) 447-0335 8.1 Air carriers Paul Gavel, U.S. Department of Transportation, Research and Special Programs Administration, Office of Airline Statistics, DAI-20, Washington, DC 20590 (202) 366-4391 9.5 Industrial gases Suzanne Pasdar, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2212, Washington, DC 20233 (301) 763-4485 8.2 Urban transit industry Terry Bronson, American Public Transit Association, Suite 400, 1201 New York Avenue NW, Washington, DC 20005 (202) 898-4129 9.6 Organic chemicals and plastics and resin materials Gwen Bennett, International Trade Commission, Energy, Chemicals, and Textiles Division, Suite 513B, 500 E Street sw, Washington, DC 20436 (202) 205-3357 S-4 • April 1994 SURVEY OF CURRENT BUSINESS 9.7 Glycerin, production David Gromos, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-7809 9.8 Alcohol and alcoholic beverages U.S. Department of the Treasury, Bureau of Alcohol, Tobacco, and Firearms, Industry Compliance Division, Market Compliance Branch, 650 Massachusetts Avenue NW, Washington, DC 20226 (202) 927-8128 9.9 Paints, varnish, and lacquer Kim Ciurca, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2212, Washington, DC 20233 (301) 763-5602 10.1 Electric power production U.S. Department of Energy, National Energy Information Center, Forrestal Building, Room iF-048, 1000 Independence Avenue sw, Washington, DC 20585 (202) 586-8800 10.2 Electric power sales and revenue from sales Edison Electric Institute, 701 Pennsylvania Avenue NW, Washington, DC 20004-2696 (202) 508-5000 10.3 Gas American Gas Association, 1515 Wilson Arlington, VA 22209-2470 (703) 841-8507 Boulevard, 11.1 Dairy products Daniel Buckner, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock Branch, South Building, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-4448 11.2 Fluid milk, utilization in manufactured dairy products LaVerne T. Williams, U.S. Department of Agriculture, Economic Research Service, Livestock, Dairy, and Poultry Branch, Room 8O8D, 1301 New York Avenue NW, Washington, DC 20005 (202) 219-0769 11.3 Fluid milk wholesale prices James Hand, U.S. Department of Agriculture, National Agricultural Statistical Service, Economic Statistics Branch, Commodity Prices Section, South Building, Room 5927, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 690-3236 11.4 Grain and grain products Charles Van Lahr, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Crops Branch, South Building, Room 5175, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-2127 11.5 Rice Dan Kerestes, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Crops Branch, South Building, Room 5175, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-9526 11.6 Rye and wheat Vaughn Siegenthaler, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Crops Branch, South Building, Room 5175, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-8068 11.7 Wheat flour John Miller, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-7837 11.8 Poultry, slaughter Joel Moore, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5906, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-3244 11.9 Cold storage stocks of poultry, eggs, total meats, beef and veal, lamb and mutton, and pork John Lang, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5906, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-0585 11.10 Poultry and egg prices Debra Kenerson, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Economic Statistics Branch, South Building, Room 5912, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 690-3234 11.11 Egg production Robert Little, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5913, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-6147 11.12 Catties and calves Glenda Shepler, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5906, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-3040 11.13 Hogs Tom Kurtz, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5901,14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-3106 11.14 Sheep and lambs and meats Linda Simpson, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Livestock, Dairy, and Poultry Branch, South Building, Room 5871, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-3578 SURVEY OF CURRENT BUSINESS 11.15 Coffee, U.S. Import Price Index Rob Frumkin, U.S. Department of Labor, Bureau of Labor Statistics, Division of International Prices, Branch of International Indexes, Postal Square Building, Room 3930, 2 Massachusetts Avenue NE, Washington, DC 20212 (202) 606-7106 11.16 Fish Barbara O'Bannon, U.S. Department of Commerce, National Oceanic and Atomspheric Administration, National Marine Fisheries Service, Fisheries Statistics Division, 1315 East West Highway, Silver Spring, MD 20910 (301) 713-2328 11.17 Tobacco Greg Preston, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Crops Branch, South Building, Room 5175, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 720-3843 11.18 Tobacco leaf stocks Henry Martin, U.S. Department of Agriculture, Agricultural Marketing Service, Tobacco Division, Market Information and Program Analysis Branch, Annex Building, Room 502, 300 12th Street sw, Washington, DC 20250-2000 (202) 2050489 April 1994 • S-5 14.4 17.5. and foreign ores: Receipts and consumption at iron and steel plants and stocks at furnace yards and U.S. docks Joy Earlywine, American Iron Ore Association, 915 Rockefeller Building, 614 Superior Avenue West, Cleveland, OH 44113-1383 (216) 241-8261 14.5 Pig iron and iron products castings and steel castings Renee Reda, U.S. Department of Commerce, Bureau of the Census, Industry Division, Metals and Industrial Machinery Branch, FOB 4, Room 2207, Washington, DC 20233 (301) 763-7865 14.6 Producing steel mills, inventory Michele L. Chaney, U.S. Department of Commerce, Bureau of the Census, Industry Division, Metals and Industrial Machinery Branch, FOB 4, Room 2207, Washington, DC 20233 (301) 763-7863 14.7 Aluminum Patricia Plunkert or Cindy Lui, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9419 14.8 Aluminum products Mary Ellickson, U.S. Department of Commerce, Bureau of the Census, Industry Division, Metals and Industrial Machinery Branch, FOB 4, Room 2207, Washington, DC 20233 (301) 763-7862 12.1 Leather manufactures Nat Shelton, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-5809 14.9 Copper Dan Edelstein, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9415 13.1 Lumber—all types, southern pine, and western pine Kathy Shaffer, American Forest and Paper Association, Suite 8oo> 1111 19th Street NW, Washington, DC 20036 (202) 4632754 14.10 Lead Jerry Smith, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9444 13.2 Softwoods Western Wood Products Association, Yeon Building, 522 Southwest Fifth Avenue, Portland, OR 97204-2122 (503) 2243930 14.11 Lead producers' stocks and slab zinc production and producersy stocks Robert Clock, American Bureau of Metal Statistics, Inc., 400 Plaza Drive, P.O. Box 1405, Secaucus, NJ 07094-0405 (201) 863-6900 13.3 Hardwood flooring Patsy Davenport, National Oak Flooring Manufactures Association, P.O. Box 3009, Memphis, TN 38173-0009 (901) 526-5016 14.1 Iron and steel; pig iron and iron products; steel, raw and semifinished; and steel mill products Janet Nash, American Iron and Steel Institute, Suite 1300, 110117th Street NW, Washington, DC 20036-4700 (202) 4527203 or (202) 452-7201 14.2 Iron and steel scrap and pig iron consumption David Kulha, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-9703, 810 7th Street NW, Washington, DC 20241 (202) 501-9520 14.3 Ore William S. Kirk, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9430 14.12 Tin James Carlin, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9426 14.13 Zinc Bob Reese, U.S. Department of Interior, Bureau of Mines, Branch of Metals, MS-5208, 810 7th Street NW, Washington, DC 20241 (202) 501-9422 14.14 Industrial heating equipment Data not available for public distribution. 14.15 Materials handling equipment Elizabeth Baatz, Cahners Economics, Cahners Building, 275 Washington Street, Newton, MA 02158-1630 (617) 630-2114 14.16 Industrial supplies, machinery, and equipment Chuck Moore, American Supply & Machinery Manufacturers' Association, Inc., 1300 Sumner Avenue, Cleveland, OH 44115-2851 (216) 244-7333 S-6 • April 1994 SURVEY OF CURRENT BUSINESS 14.17 Industrial suppliers distribution of machinery and equipment Steve Hern, Industrial Distribution Association, Suite 201, 3 Corporate Square, Atlanta, GA 30329 (404) 325-2776 16.2 14.18 Fluid power products shipments indexes Steven Latin-Kasper, National Fluid Power Association, Suite 311, 3333 North Mayfair Road, Milwaukee, wi 53222 (414) 778-3358 16.3 Paper products Peggy Gilmore, Fibre Box Association, 2850 Golf Road, Rolling Meadows, IL 60008 (708) 364-9600 14.19 Machine tools Steve Bell, The Association for Manufacturing Technology, 7901 West Park Drive, McLean, VA 22102-4269 (703) 8275262 14.20 Tractors used in construction, shipments Richard Wiesler, U.S. Department of Commerce, Bureau of the Census, Industry Division, Metals and Industrial Machinery Branch, FOB 4, Room 2207, Washington, DC 20233 (301) 763-7^67 14.21 Battery shipments Mary Warmowski, Smith Bucklin & Associates Inc., 401 North Michigan Avenue, Chicago, II 60611-4267 (312) 644-6610 14.22 Radio factory sales and television set production Tom Godsman, Electronic Industries Association, 2001 Pennsylvania Avenue NW, Washington, DC 20006-1813 (202) 457-4958 14.23 Household major appliances and ranges Alane Mackay, Association of Home Appliance Manufacturers, 20 North Wacker Drive, Chicago, IL 60606 (312) 984-5800, ext. 315 14.24 Vacuum cleaners Clifford J. Wood, Vacuum Cleaner Manufacturers Association, Box 2642, North Canton, OH 44720 (216) 499-5998 14.25 Furnaces Gary Thibeault, Gas Appliance Manufacturers Association, Inc., 1901 North Moore Street, Arlington, VA 22209 (703) 525-9565 14.26 Water heaters Frank Stanonik, Gas Appliance Manufacturers Association, Inc., 1901 North Moore Street, Arlington, VA 22209 (703) 525-9565 15.1 Coal and coke U.S. Department of Energy, National Energy Information Center, Forrestal Building, Ei-231, 1000 Independence Avenue sw, Washington, DC 20585 (202) 586-8800 15.2 Petroleum coke production and stocks and petroleum and products Morris Rice, U.S. Department of Energy, Office of Oil and Gas, Ei-424, Forrestal Building, Room 2E068, Washington, DC 20585 (202) 586-4634 16.1 Pulpwood, waste paper, woodpulp, and paper and paper products American Forest and Paper Association, Paper Information Center, 1111 19th Street NW, Washington, DC 20036 (1-800) 878-8878 Newsprint Jan Liddy, American Forest and Paper Association, n t h Floor, 260 Madison Avenue, New York, NY 10016 (212) 340-0649 17.1 Tires and tubes Dan Mustico, Rubber Manufacturers Association, 1400 K Street NW, Washington, DC 20005 (202) 682-4863 18.1 Portland cement Cheryl Solomon, U.S. Department of Interior, Bureau of Mines, Branch of Industrial Minerals, MS-5209, 810 7th Street NW, Washington, DC 20241 (202) 501-9393 18.2 Clay construction products Robert Miller, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2212, Washington, DC 20233 (301) 763-4484 18.3 Flat glass shipments Susan Sundermann, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2203, Washington, DC 20233 (301) 763-2376 18.4 Glass containers Sheila Proudfoot, U.S. Department of Commerce, Bureau of the Census, Industry Division, Wood and Chemical Products Branch, FOB 4, Room 2203, Washington, DC 20233 (301) 763-7574 18.5 Gypsum and products Lawrence Davis, U.S. Department of Interior, Bureau of Mines, Branch of Industrial Minerals, MS-5209, 810 7th Street NW, Washington, DC 20241 (202) 501-9386 19.1 Cotton production Roger Lathan, U.S. Department of Agriculture, National Agricultural Statistical Service, Crops Branch, Room 5175, 14th & Independence Avenue sw, Washington, DC 202502000 (202) 720-5944 19.2 Cotton consumption and spindle activity Karen Harshbarger, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-4476 19.3 Cotton stocks in the United States Tim Barry, New York Cotton Exchange, Market Surveillance Division, 8th Floor, 4 World Trade Center, New York, NY 10048 (212) 938-7909 19.4 Cotton farm prices, American upland Debra Kenerson, U.S. Department of Agriculture, National Agricultural Statistical Service, Estimates Division, Economic Statistics Branch, Commodity Prices Section, 14th & Independence Avenue sw, Washington, DC 20250-2000 (202) 690-3234 SURVEY OF CURRENT BUSINESS 19.5 Cotton prices, strict low middling Leslie Meyer, U.S. Department of Agriculture, Economic Research Service, Commodity Economics Division, Crops Branch, Room 1034, 1301 New York Avenue NW, Washington, DC 20005-4788 (202) 219-0840 19.6 Cotton cloth broadwoven goods and production of wool broadwoven goods Keith Featherstone, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-2553 19.7 Manmade fibers and manufactures Kim Costa, Fiber Economics Bureau, Inc., 101 Eisenhower Parkway, Roseland, NJ 07068 (201) 228-1107 19.8 Wool consumption Maria Dixon, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-5895 19.9 Wool imports and wool prices John Lawler, U.S. Department of Agriculture, Economic Research Service, Commodity Economics Division, Crops Branch, Room 1034, 1301 New York Avenue NW, Washington, DC 20005-4788 (202) 219-0840 19.10 Floor coverings Amelia Williams, American Textile Manufacturers Institute, Inc., Office of Chief Economist, Suite 900,1801 K Street NW, Washington, DC 20006 (202) 862-0547 19.11 Apparel Andrew Kraynak, U.S. Department of Commerce, Bureau of the Census, Industry Division, Food, Textiles, and Apparel Branch, FOB 4, Room 2132, Washington, DC 20233 (301) 763-7108 19.12 Hosiery shipments Mary Ann Blansett, National Association of Hosiery Manufacturers, 200 North Sharon Amity Road, Charlotte, NC 28211-3004 (704) 365-0913 April 1994 • S-7 20.1 Aerospace vehicles, truck trailer and chassis shipments, and trailer chassis sold separately Lynn Sizemore, U.S. Department of Commerce, Bureau of the Census, Industry Division, Electrical and Transportation Branch, FOB 4, Room 2231, Washington, DC 20233 (301) 763-5547 20.2 Passenger cars, trucks, and buses factory sales and retail inventories of trucks and buses American Automobile Manufacturers Association, Suite 300, 7430 Second Avenue, Detroit, MI 48202 (313) 872-4311 20.3 Passenger car retail sales, inventories, and inventory-sales ratios U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Wealth Division, BE-54, 1441 L Street NW, Washington, DC 20230 (202) 606-5304 20.4 Passenger car imports Mike Hagey, U.S. International Trade Commission, Machinery and Transportation Division, 500 E Street sw, Washington, DC 20436 (202) 205-3392 20.5 Registrations of passenger cars, trucks, and buses R.L. Polk & Company, Statistical Services Division, 1155 Brewery Park Boulevard, Detroit, MI 48207-2697 (313) 393-0880 20.6 Retail sales of trucks and buses U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Wealth Division, BE-54, 1441 L Street NW, Washington, DC 20230 (202) 606-5304 20.7 Railroad equipment Association of American Railroads, Communications Department, 50 F Street NW, Washington, DC 20001-1564 (202) 639-2555 U N I T E D STATES GOVERNMENT PRINTING OFFICE SECOND CLASS MAIL SUPERINTENDENT OF DOCUMENTS WASHINGTON, DC 20402 POSTAGE AND FEES PAID U.S. GOVERNMENT PRINTING OFFICE OFFICIAL BUSINESS USPS PUB. NO. 337-790 PENALTY FOR PRIVATE USE, $300 Schedule of Upcoming BEA News Releases Subject Release Date U.S. International Trade in Goods and Services, March 1994 Gross Domestic Product, 1st quarter 1994 (preliminary) Corporate Profits, 1st quarter 1994 (preliminary) Personal Income and Outlays, April 1994 * May May May May 19 27 27 31 Composite Indexes of Leading, Coincident, and Lagging Indicators, April 1994 Summary of International Transactions, 1st quarter 1994 U.S. International Trade in Goods and Services, April 1994 Gross Domestic Product, 1st quarter 1994 (final) Corporate Profits, 1st quarter 1994 (revised) Personal Income and Outlays, May 1994 • June June * June June June June 2 15 21 29 29 30 Composite Indexes of Leading, Coincident, and Lagging Indicators, May 1994 U.S. International Trade in Goods and Services, May 1994 State Personal Income, 1st quarter 1994 Gross Domestic Product, 2nd quarter 1994 (advance) July 1 * July 19 July 20 July 29 Personal Income and Outlays, June 1994 Composite Indexes of Leading, Coincident, and Lagging Indicators, June 1994 Gross State Product by Industry, 1991 U.S. International Trade in Goods and Services, June 1994 State Per Capita Personal Income, 1993 (revised) Gross Domestic Product, 2nd quarter 1994 (preliminary) Corporate Profits, 2nd quarter 1994 (preliminary) Personal Income and Outlays, July 1994 Aug. 1 Aug. 3 Aug. 4 * Aug. 18 Aug. 23 Aug. 26 Aug. 26 Aug. 29 Composite Indexes of Leading, Coincident, and Lagging Indicators, July 1994 Aug. 31 * Joint release by the Bureau of the Census and BEA. For informationy call (202) 606-9900, Bureau of Economic Analysis, U.S. Department of Commerce.