View original document

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

AUGUST 1994

VOLUME 74 NUMBER

U.S DEPARTMENT Of COMMERCE '.**> ECONOMICS AND STATISTICS ADMINISTRATION
v

'-:--^-~-----^4-r^




AUGUST

1994

VOLUME 74 NUMBER

8

SURVEY o
CURRENT BUSINESS
SURVEY OF CURRENT BUSINESS. Published monthly by the Bureau of Economic Analysis of the U.S. Department
of Commerce. Editorial correspondence should be addressed to the Editorin-Chief, SURVEY OF CURRENT BUSINESS, Bureau of Economic Analysis, U.S.
Department of Commerce, Washington,
DC 20230.
Subscriptions to the SURVEY OF CURRENT 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.

U.S. Department of Commerce
Ronald H. Brown, Secretary
V Economics and Statistics Administration

Everett M. E&rlicfa, Under Secretary for Economic Affairs
U.S, MP/WIMENI OF COMMEI

BUREAU OF ECONOMIC

Bureau of Economic Analysis
Carol S. Carson, Director
J. Steven LmdeMdt DeputyDirector

Make checks payable to the Superintendent of Documents.
Subscription and single-copy prices:
Second-class mai 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

7

<

^

Publication Staffi
W. Ronnie Foster, M, Gretchen Gibson*
Ernestine T, Gladden, Eric B, Manning
:
THIS XSSUB of the SURVEY went to the^
I
It incorporates data from the following monthly BEA news releases:
.'.-.
Gross Domestic Product (Aug. 26)*
; ;
- "
Personallncome and Outlays (Aug.39), ap4
;
:;
Composite Indexes of Leading, Coincident, and Lagging Indicators (A&g; 31),

August 1994

SURVEY OF CURRENT BUSINESS

TABLE

OF

CONTENTS

J\egular features
1

Business Situation
Real GDP increased 3.8 percent in the second quarter 0/1994 after increasing3.3
percent in the first quarter. Corporate profits increased $39.1 billion, a sharp
turnaround from the first quarter, when profits were reduced as a result of the
Northridge, California, earthquake. The Federal deficit decreased $31.2 billion,
to $145.0 billion, the smallest deficit in over 3 years; the State and local government surplus increased $0.5 billion, to $25.7 billion.

64

State Personal Income, Revised Estimates for 1991-93
The annual estimates of State personal income for 1991-93 have been revised to
incorporate last month's NIPA revision and to incorporate newly available Statelevel source data. For the most part, the revisions were relatively small, but they
were substantial in some regions and States for some years. Among the regions,
personal income in the Far West was revised up substantially for 1991-92, and
personal income in New England and the Southeast was revised down substantially for 1993.

80

Gross State Product, 1977-91
The estimates of gross state product (GSP) have been updated for 1977-91 to incorporate new source data and methodology. During the subperiod 1987-91, w
States had annual growth in real GSP that was at least i percentage point above
the U.S. average of 1.8 percent; Nevada had the fastest growth, at 7.4 percent.
Seven States had annual growth in real GSP that was at least i percentage point
below the U.S. average; of these, Michigan was the only State with negative
growth, at -0.4 percent.

l\eports and statistical presentations




11 National Income and Product Accounts
11

Selected NIPA Tables

30

NIPA Charts

32
48

Quantity and Price Indexes, 1988-94
Reconciliation and Other Special Tables
— Continued on next page —

II




SURVEY OF CURRENT BUSINESS

49

Selected Monthly Estimates

51

Relationship Between Personal Income and Adjusted Gross
Income, 1991-92

54

Fixed Reproducible Tangible Wealth in the United States:
Revised Estimates for 1991-93 and Summary Estimates for
1925-93

98

Foreign Direct Investment in the United States: Detail for
Historical-Cost Position and Related Capital and Income
Flows, 1993

127 U.S. Direct Investment Abroad: Detail for Historical-Cost
Position and Related Capital and Income Flows, 1993
C-1

Business Cycle Indicators
C-l
C-6
C-7

Data tables
Footnotes for pages C-1 through C-5
Charts

August 1994

SURVEY OF CURRENT BUSINESS

August 1994

THE BUSINESS SITUATION
The first two
sections of this
article were
prepared by Daniel
Larkins, Ralph W.
Morris, and
Deborah Y. SierY.
The section on the
government sector
was prepared by
Pamela A. Kelly
and Michael W.
Webb.

(T\ EAL GROSS domestic product (GDP) in.ly^creased 3.8 percent in the second quarter
of 1994, according to the "preliminary" estimates
of the national income and product accounts
(NIPA'S).* The "advance" estimates of the NIPA'S,
reported in the July "Business Situation," showed
a 37-percent increase. Real gross domestic
purchases, a measure of goods and services purchased by U.S. residents, increased 4.4 percent,
the same as the advance estimate. The fixedweighted price index for gross domestic purchases increased 3.3 percent, o.i percentage point
more than the advance estimate. (The sources of
these revisions are discussed in "Revisions" later
in this article.)
The 3.8-percent increase in real GDP in the second quarter followed a 3.3-percent increase in the
first (chart i). Output of goods other than motor vehicles accelerated, and structures turned up;
in contrast, motor vehicles turned down sharply,
and services slowed (table i).
The 44-percent increase in real gross domestic purchases followed an increase of 5.0
percent (table 2). More than half of the secondquarter increase reflected a jump in inventory
investment, as businesses added $56.3 billion to
i. Quarterly estimates in the national income and product accounts
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 and are
based on 1987 weights. Alternatively weighted measures of real GDP and prices
are discussed on page 7 of this article.

Table 1.—Real Gross Domestic Product, by Major Type of Product
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter

Billions of 1987 dollars
Change from preceding quarter

1993

Level

1993
1994:11
Gross domestic product ... 5,310.2

I

II

34.0

78.6

43.1

49.1

2.7

57.3
22.2
35.1

33.3
18.0
15.3

31.9

-12.7

1.6
-17.8
3.9

-9.8
18.1

Services

2,632.7

17.6

476.9

III

IV

2,200.7
222.9
1,977.8

Structures ....... ...

1994

III

Goods
Motor vehicles
Other

8.3

8.1

1994

5.1
16.2

14.6
-4.8

44.6

6.9
10.4

2.7
7.4

II

I

IV
6.3
11.5
53.8

7.7

.8
15.0

3.3

3.8

6.4

6.0
-19.9
9.6

37.4

3.2
2.3
-4.0

1.1
9.2

NOTE.—Most series are found in NIPA table 1.4. Output of motor vehicles is the sum of auto output and truck output (from
tables 8.4 and 8.6, respectively).




inventories—more than at any time since the
fourth quarter of 1987. Final sales to domestic
purchasers slowed to a 2.0-percent increase from
a 3.9-percent increase. Personal consumption ex-

Real Product:
Change from Preceding Quarter
Biffion1987$
100
GROSS DOMESTIC PRODUCT

80
60
40
20
0
-40
60

PERSONAL CONSUMPTION EXPENDITURES

40
20
0
-20
.42,9....

40
20
0
-20
-40

FIXED INVESTMENT

40
20
0
-20
40

CHANGE IN BUSINESS INVENTORIES

40
20
0
-20
-40

NET EXPORTS

40
20
0
-20

GOVERNMENT PURCHASES

1991

1992

1993

1994

Based on Seasonally Adjusted Annual Rates
Bureauof Economiclnslysis

SURVEY OF CURRENT BUSINESS

2 • August 1994

penditures slowed sharply, and fixed investment
(both residential and nonresidential) slowed a little. Government purchases decreased much less
than in the first quarter.
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 second quarter, exports turned up, and imports
accelerated.

ter increasing 4.7 percent in the first (table 3).
The slowdown may reflect decelerations in real
disposable personal income in the first two
quarters of 1994; after increasing 4.3 percent
in the fourth quarter of 1993, income slowed
to a 34-percent increase in the first quarter
of 1994 and to a 2.j-percent increase in the
second (chart 2). Two other factors associated with changes in consumer spending were
more positive. The Index of Consumer Sentiment (prepared by the University of Michigan's Survey Research Center) had jumped to
its highest level in 5 years in the first quarter; in the second quarter, it remained high.

Personal consumption expenditures
Real personal consumption expenditures increased 1.4 percent in the second quarter af-

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
Level
1994:11
Gross domestic product
Less1 Exports of goods and services
Plus: Imports of goods and services
Equals'. Gross domestic purchases
Less1 Change in business inventories
Equals: Final sales to domestic purchasers
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Government purchases

Change from preceding quarter
1993
III

1993

1994

IV

III

I

II

5,310.2

34.0

78.6

43.1

49.1

642.7
755.6

-4.9
12.0

29.9
25.8

-5.6
16.2

23.1
32.0

5,423,1

51.1

74.4

64.9

58.0

56.3

-5.9

-2.2

14.6

30.9

5,366,7

57.0

76.6

50.3

27.0

3,558.6
657.9
234.0
916.3

33.0
16.9

34.0
29.3
13.5

40.1
16.4

12.3
14.3

4.7
2.5

-.3

2.7

6.3

3.8

3.3

7.4

21.7
16.0

9.5

15.8
18.9

4.0

5.8

5.0

4.4

4.5

6.0

3.9

2.0

4.7

1.4
9.2
7.3

-3.2

4.0

3.9
12.2

9.4
1.1

-3.6

II

I

IV

4.1

5.4
-11.6

1994

21.1
28.2

-.1

-3.5

10.9
10.0
-4.9

-1.6

NOTE—Dollar levels are found in NIPA tables 1.2 and 1.6, and percent changes are found
in table 8.1.

Table 3.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Level

Percent change from preceding quarter

Change from preceding quarter
1994

1993

Personal consumption expenditures
Durable goods
Motor vehicles and parts .
New autos
New trucks
Other
Furniture and household equipment
Other

3,558.6
523.3
206.6
84.1
45.7
76.8

232.3
84.4

Nondurable goods
Food
Clothing1 and shoes
Enerav
Other

1,103.9
536.3
205.0

Services
Housing
Household2 operation
Energy
Other household operation
Transportation
Medical care
Other

1,931.3
500.0
229.0
100.4
128.6
131.7
477.5
593.2

1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.




97.6

265.0

33.0

9.0
-.1
-.1
-1.7

1.7
6.7
2.4
7.4
2.8
2.5
2.2
.1
16.6

2.2
4.6
3.6
1.0
.8
3.3
5.7

II

I

IV

III

34.0
18.1

9.7
7.2
5.1
-2.6

8.0
.4

II

IV

III

1994:11

1994

1993

40.1
10.9

9.0
-1.6

1.0
9.6
1.3
.5

6.3
3.0
3.8
-.9
.4

10.3

9.6
1.7
-.5
-.3
g
1.4
2.8
4.2

18.9

3.8
1.4
.7
4.3
2.3
1.8
1.5
.5
1.1
2.8
11.0

12.3

1.6
-7.1
-1.5
-2.0
-3.6

3.9
7.7
-.2
-.5
-14.8
9.8

6.4
2.4

13.4
12.8

5.6
4.4
1.2

2.8
2.2
5.2
9.3
.2

-1.9

1.9
5.0
2.3
.3
-.7
.9
.8
4.3
-2.7

3.6
1.8
8.5
15.8

3.2
2.5
2.9
4.0

4.0

4.7

1.4

8.8

1.2
-12.6

15.5
21.4
41.2
58.8

18.8
-7.1

-13.4

66.3

-15.7
-16.7

15.6

2.3
2.5

11.8
12.2

2.0
2.4
2.3
7.9
-3.6

.6
2.0
1.4
-.9
-1.2

-.9
4.4
2.4
2.9

8.8

-6.8

3.8
2.9
2.8
2.9
6.8

2.1
3.4
2.4
74
2.9

4.0
1.9
3.2
6.2
1.6
3.4
2.4
7.7

1.0
1.9
.5
27
2.8
2.5
3.7
-1.8

NOTE.—Dollar levels are found in NIPA table 2.3. New auto and truck purchases are found
in tables 8.4 and 8.6, respectively. Percent changes in major aggregates are found in table 8.1.

SURVEY OF CURRENT BUSINESS

August 1994

The unemployment rate dropped from 6.6 percent in the first quarter to 6.2 percent in the
second.
Expenditures for durable goods slowed to a
1.2-percent increase after increasing 8.8 percent.
The slowdown was more than accounted for by
motor vehicles and parts, which decreased after increasing. Net purchases of used autos
dropped after increasing sharply; purchases of
trucks also turned down. In contrast, furniture
and household equipment increased more than
in the first quarter; almost two-thirds of the stepup was accounted for by "other durable house
furnishings," which includes such items as floor
coverings and lamps.
Expenditures for nondurable goods slowed to
a 2.1-percent increase after increasing 3.8 percent.
The slowdown reflected a downturn in fuel oil
and coal and a slowdown in "other" nondurables.
Expenditures for services slowed to a i.opercent increase after increasing 4.0 percent.
Most of the slowdown was accounted for
by "other" services—most notably brokerage
services and net foreign travel by U.S. residents.

Selected Factors
Affecting Consumer Spending
Percent change
15
REAL DISPOSABLE PERSONAL INCOME1

10

5
0

-5
-10
Percent
10 I UNEMPLOYMENT RATE2

Index
110
CONSUMER SENTIMENT3
100

90
80

Nonresidential fixed investment

70
60

Real nonresidential fixed investment increased 9.2
percent in the second quarter after increasing 10.9
percent in the first (table 4). Structures turned
up sharply, but producers' durable equipment
slowed.

1901
1992
199$
1994
1. Disposable personal income in 1987 dollars: seasonally adjusted annual rates.
2, All civilian workers, seasonally adjusted,
Data: US, Department of labor, Bureau of tabor Statistics
3,Dala:UnjveTSifyofMohi5an'sSureeY Research Center.
U.S. Department of Commence, Bureau of Economic Analysts

Table 4.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Percent change from preceding quarter

Billions of 1987 dollars
Change from preceding quarter

1994

1993

Level
1993

1994

III

1994:11
Gross private domestic fixed investment
Nonresidential

II

21.5

42.9

21.7

18.5

11.4

23.0

10.6

8.7

657.9

16.9

29.3

16.4

14.3

12.2

21.1

10.9

9.2

3.3
9.0
0
-21.0
-18.5

-11.8
-13.0

19.6
26.5

27.5
35.1
42.1
27.2
19.8
29.0
29.8
23.4
14.9

18.6
15.0
16.3
13.5
14.1
37.9
53.8

150.7
105.2

Producers' durable equipment
Information processing and related equipment
Computers and peripheral equipment
Other
Industrial equipment
Transportation and related equipment
Motor vehicles
Other
Other

507.3
242.0
130.2
111.9

28.8

9.7
6.8

88.9
92.6
84.8

7.8

.2
2.0
-.2
-.7
-1.0

28.2
16.3
10.3

3.9
2.4

6.0
3.7
5.6
5.0
.6
2.7

-5.1

-.7
-4.4

1.3

234.0
127.7

4.7
1.7
.7
2.3

11.2
95.0

1.2
2.2
0
-.6
-.4

16.6
18.1
14.2

83.7

NOTE.—Dollar levels are found in NIF'A table 5.5. Motor vehicles are found in tables 8.4 (autos)
and 8.6 (trucks). Percent changes in major aggregates are found in table 8.1.




I

891.9

Structures
Nonresidential buildings, including farm
Utilities .
Mining exploration, shafts, and wells
Other

Residential
Single-family structures
Multifamily structures
Other

IV

II

I

IV

III

13.5

8.1
-.2
5.5

-4.6
-3.5

-.1
-.7
20.9

8.0
4.7
3.3
2.8
7.6
9.0

.5
8.4

6.6
6.0
.4
.1
-.1

-22.8
-37.6

7.9
8.8
3.0
5.9
2.5

16.2
43.7
71.8
17.9
13.0

-5.9
-3.4
-2.5

-2.8

-20.7
-3.7

2.4

2.4

-73.7
7.1

5.4
6.8
.3

4.1
2.6
1.2
.1

34.1
10.8

-1.4

-1.5

9.4
6.4

28.2
32.8
-7.8
26.5

-1.4

-11.6
-32.1

5.8
4.2
-5.7

6.5
16.0

9.8
24.2
12.1

-39.9

-21.9
-14.6
-67.1

12.7

12.3

10.0
25.1
13.0
-6.1

7.3
8.6
57.4

.4

SURVEY OF CURRENT BUSINESS

August 1994

Factors that affect investment spending, like
those that affect consumer spending, were mixed
in the second quarter. On the one hand, borrowing costs increased and sales slowed: The yield on
new high-grade corporate bonds increased 73 basis points, and real final sales of domestic product
increased only 1.4 percent, its smallest increase
in five quarters. On the other hand, pressure
on capacity continued to mount, and profitability improved: The capacity utilization rate in
manufacturing increased 0.4 percentage point, to
82.9 percent, following two quarterly increases
of a percentage point or more; corporate profits
rebounded from a first-quarter drop associated
with the Northridge, California, earthquake; and
cash flow increased.
Structures increased 19.6 percent—the largest
percentage increase in 10 years—after dropping
11.8 percent. Most of the upturn was accounted
for by industrial and commercial buildings. Industrial buildings increased for the fifth time
in six quarters. Commercial buildings posted
a strong increase for the second time in three
quarters.
Producers' durable equipment slowed to a 6.5percent increase after increasing 18.6 percent.
Transportation equipment more than accounted
for the slowdown, as purchases of both autos and
trucks turned down, and purchases of aircraft
decreased more than in the first quarter. Information processing equipment increased a little
more than in the first quarter, despite a small
slowdown in computer purchases.




Housing Starts

Residential investment
Real residential investment increased 7.3 percent
in the second quarter after increasing 10.0 percent
in the first. Single-family construction (which
accounts for more than half of all residential investment) decelerated, multifamily construction
accelerated, and "other" residential investment
changed little after decreasing.
Single-family construction increased 8.6 percent after increasing 25.1 percent. Single-family
construction for a quarter can usually be approximated by housing starts in that quarter and in the
preceding quarter; accordingly, construction in
the second quarter of 1994 would reflect housing
starts in the first two quarters of 1994. However,
in these two quarters, housing starts averaged 1.18
million units (seasonally adjusted annual rate)—
down from an average of 1.23 million units for
the fourth quarter of 1993 and the first quarter of 1994 (chart 3). The seeming anomaly of
a decrease in average starts and an increase in
single-family construction can be explained by
an increase in the "quality" (that is, the size, location, and amenities) of the units. Such an
increase in quality is reflected in the NIPA estimate of single-family construction but not in the
average number of starts.
Multifamily construction—which is the smallest of the three components of residential investment and accounts for less than 5 percent of the
total—increased 57.4 percent after increasing 13.0
percent. The increases occurred despite a rental

Selected Interest Rates

Millions of unris

Percent
12

2.0

10
Mortgage Commitments

3-Month Treasury Bills
1991

1992

1993

1994

Seasonally Adjusted at Annual Rates
Data: Bureau of the Census
US, Department of Commerce, Bureau of Economic Analysis

1991

1992

1993

Data; Federal Reserve Board
US, Department of Commerce, Bureau of Economic Analysis

1994

SURVEY OF CURRENT BUSINESS

August 1994 • 5

accounted for by furniture and appliance stores
and by building material and hardware stores;
retail auto inventories decreased after increasing. Most of the increase in inventories of
nondurables was accounted for by apparel and
department stores.
Manufacturing inventories increased less than
in the first quarter. Inventories of nondurable
goods decreased after increasing; the decrease was
accounted for by chemicals and petroleum. Inventories of durable goods increased about the
same as in the first quarter.
"Other" nonfarm inventories increased a little
less than in the first quarter.3 Since the second
quarter of 1993, this component has increased, on
average, $9.9 billion; in 1990-92, in contrast, it
decreased, on average, $2.1 billion.
Farm inventories increased $4.6 billion after
increasing $3.3 billion. Inventories of crops increased more than in the first quarter; inventories
of livestock decreased after a slight increase.
The constant-dollar ratio of nonfarm inventories to all final sales of domestic businesses moved
up to 2.49 in the second quarter from 2.46 in
the first. A different ratio, in which final sales
are limited to goods and structures, shows much
the same picture; it moved up to 4.29 from 4.25.
Despite these increases, both ratios remained low
by historical standards.

vacancy rate that remained high (7.4 percent in
the second quarter).
"Other" residential investment increased 0.4
percent after decreasing 6.1 percent.2 The upturn
was more than accounted for by brokers' commissions. Sales of new and existing single-family
residences increased 24,000 units after decreasing
277,000 units (seasonally adjusted annual rates);
the upturn occurred despite a jump in the mortgage interest rate of more than 100 basis points
(chart 4).
Inventory investment
Real inventory investment—that is, the change
in business inventories—increased $30.9 billion
in the second quarter after increasing $14.6 billion in the first. The second-quarter increase
reflected a sharp step-up in nonfarm inventory
accumulation (table 5).
Nonfarm inventories increased $51.8 billion after increasing $22.1 billion; the second-quarter
increase was the largest since the fourth quarter
of 1987. The step-up was attributable to upturns
in wholesale trade inventories and in retail trade
inventories other than those held by auto dealers.
Within wholesale trade, inventories of durable
goods increased considerably more than in the
first quarter; about half the second-quarter increase was in inventories of motor vehicles and
parts and of electrical goods. Inventories of nondurable goods decreased less than in the first
quarter.
Within retail trade, accumulation of durable
goods stepped up, and inventories of nondurable
goods increased after decreasing. The secondquarter increase in inventories of durables was

Net exports of goods and services
Real exports increased 15.8 percent in the second
quarter after decreasing 3.5 percent in the first.
Real imports increased 18.9 percent—twice as fast
as in the first quarter (table 6).
3. "Other" nonfarm inventories consists mainly of inventories held by
mining, construction, public utilities, transportation, communication, and
service industries.

2. "Other" residential investment includes improvements (major replacements and additions and alterations), sales of new mobile homes, brokers'
commissions on house sales, and residential equipment.

Table 5.—Change in Real Business inventories
[Billions of 1987 dollars; seasonally adjusted at annual rates]
Change from preceding quarter

Level

1993

II
Change in business inventories

18,9

13.0

Farm

-3.9

-7.9

Nonfarm
Manufacturing
Wholesale trade
Retail trade
Auto dealers
Other retail trade
Other

22.8

20.9

Addenda:
Motor vehicles
Nonfarm less motor vehicles

....

. . .

...

3.9
7.3
1.8
-.8
2.6
9.8

-3.2
26.0

NOTE.—Dollar levels for change in real business inventories are found in NIPA table 5.11. Motor
vehicles are found in tables 8.4 (autos) and 8.6 (trucks).




2.5
6.8
6.2
-7.4
13.6

5.3

-6.7
27.6

1993

1994

10.8

.1
10.7
-7.7

.7
5.0
-4.5

9.5
12.7

.6
10.1

III

II

I

IV

III

25.4

3.3
22.1

9.9
-1.0

56.3

4.6
51.8

3.3

11.3

14.7
23.3
-2.1
25.4
10.4

-1.9
24.0

49.7

2.0
2.5
-.5

2.1

1994

IV

-5.9

-2.2

I

II

14.6

30.9

-4.0

8.0

3.2

-1.9
-1.4

-10.2
-10.2

11.4
17.6
-1.7
-3.0

29.7
-6.6
15.7
21.3

7.0
-10.0

^.6

7.4

-1.4

-.9

7.3
-17.5

-2.5
13.9

-.5
4.4

-6.1
-1.2

-6.6
11.0
-4.5

-4.1

-3.5

1.6

2.9

1.3

25.9

4.0
25.7

SURVEY OF CURRENT BUSINESS

August 1994

Exports of goods increased 17.5 percent after
decreasing 3.1 percent. Following a sharp firstquarter decrease, exports of agricultural products
increased moderately. Exports of nonagricultural products increased strongly after decreasing
slightly. All major end-use categories contributed
to the upturn; the largest contributions were by
industrial supplies and materials and by nonautomotive capital goods other than civilian aircraft
and computers. Exports of services increased
after a decrease.
Imports of goods increased 22.6 percentmore than twice as much as in the first quarter.
Imports of petroleum and petroleum products
turned up, and imports of nonpetroleum products accelerated; the acceleration was accounted
for by autos and by nonautomotive consumer
goods. Imports of services decreased modestly
after increasing.

in the first (table 7). Federal Government purchases decreased less than in the first quarter, and
State and local government purchases increased
after decreasing.
Federal defense purchases decreased 6.2 percent after decreasing 16.0 percent. (Federal
defense purchases have decreased in 12 of the
last 13 quarters).
The second-quarter decrease reflected decreases in all types of purchases, but about half of it was accounted
for by services. Within services, the largest
decrease was in compensation of employees, which decreased for the 13th consecutive
quarter.
Federal nondefense purchases decreased 14.0
percent after increasing 2.9 percent. All categories
of purchases except durable goods contributed to
the decrease; the largest decreases were in services
and structures.
State and local government purchases increased
2.9 percent after decreasing 1.4 percent. The
upswing was accounted for by a rebound in
structures.

Government purchases
Real government purchases decreased 1.6 percent
in the second quarter after decreasing 4.9 percent

Table 6.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]
Percent change from preceding quarter

Billions of 1987 dollars

1993

Change from preceding quarter

1994

Level

1993
1994:11

III

1994

Net exports of goods and services

-112.9

17.0

Exports of goods and services
Goods
Agricultural products
Nonagricultural products
Services

642.7
483.5

-4.9
-4.8

446.0
159.2

-2.4

Imports of goods and services
Goods
Petroleum and products
Nonpetroleum products
Services

755.6
647.4

12.0

9.7

25.8
22.8

60.4

-1.0
10.7

21.4

37.5

587.0
108.1

4.1
29.9
29.6

24
2

2.2
27.5

-8.9

-5.6
-3.7
-2.5
-1.3

23.1
19.1

1.4

.9
18.2

19

-3.2
-4.3

-22.3
-2.4

4.0

16.2
15.3
-1.6
16.8

32.0
32.2

3.9

1.0

7.4
7.0

16.0
16.8
10.2
17.5
12.4

8.7
9.3

-.4

21.7
29.9
26.1
30.3

.5

-6.8

28.4

.9

3.1

II

IV

II

-21.8

.4

2.3

II!

I

IV

-3.5
-3.1

-23.2
-1.2
-4.8

9.5
10.6

-10.6
13.0

15.8
17.5
10.2
18.1
10.7
18.9
22.6
30.6
21.9

3.4

15

NOTE.—Dollar levels are found in NIPA tables 4.2 and 4.4, and percent changes in major aggregates are found in table 8.1.

Table 7.—Real Government Purchases
[Seasonally adjusted at annual rates]
Percent change from preceding quarter

Billions of 1987 dollars

1993

Change from preceding quarter

1994

Level

1993

1994

III
1994:11
Government purchases

916.3

Federal
National defense
Nondefense

333.9
224.9
109.0

State and local
Structures
Other

........
. . .

582.4
88.1

494.3

NOTE.—Dollar levels are found in NIPA table 3.8B, and percent changes in major aggregates
are found in table 8.1.




III
2.5
-2.7

59
3.2
5.2
2.9
2.3

-0.3

-11.8

-3.6

-4.5
-2.2
-2.3

-9.4

-7.8
-3.6
-4.2

4.2
2.0
2.2

IV

II

II

I

IV

-10.2
.8
-2.1
-6.0

3.9

4.1
1.7
2.4

1.1
-3.0
-9.2
12.0

3.7
13.9

1.9

-0.1

-4.9

-1.8

-5.0
-3.6
-7.8

10.3

-8.8
-6.2

2.9
9.1
1.8

-16.0
2.9
-1.4
23.6

3.2

-14.0
2.9
8.1
2.0

SURVEY OF CURRENT BUSINESS

Revisions
The preliminary second-quarter estimate of a 3.8percent increase in real GDP is o.i percentage
point higher than the advance estimate (table 8).
This revision is quite small; the average revision
(without regard to sign) between the advance and
the preliminary estimate is 0.5 percentage point.
Exports were revised up $6.6 billion, and imports were revised up $6.1 billion; the net effect
on GDP was small—an upward revision of $0.5
billion. The revisions to both exports and imports primarily reflected the incorporation of
newly available source data that showed largerthan-expected increases in merchandise trade in
June.
The other major components of GDP generally
registered small, offsetting revisions. The largest
upward revision ($2.3 billion) was to change in
business inventories: A large upward revision to
retail trade inventories, reflecting the incorporation of newly available source data for June, more
than offset downward revisions to manufacturing and wholesale trade inventories. Personal
consumption expenditures was also revised up;
an upward revision to nondurable goods, reflecting revised retail sales data for May and June,
was partly offset by a downward revision to motor vehicles, reflecting newly available data on
consumers' share of new car purchases in May,
and by a downward revision to services, mainly
reflecting newly available data on brokerage services for June. Federal Government purchases was
revised down.
The preliminary estimate of the increase in
gross domestic purchases, 4.4 percent, is the same
as the advance estimate.
The second-quarter increase in the fixedweighted price index for gross domestic purchases was revised up o.i percentage point. The
increase in the price index for GDP was not
revised.
Alternative measures
Both of BEA'S alternative measures of real
GDP—the chain-type annual-weighted and the
benchmark-years-weighted measures—increased
3.9 percent in the second quarter of 1994, o.i
percentage point more than the featured fixedi98/-weighted measure. In the first quarter, both
alternative measures had increased o.i percentage
point less than the featured measure.4
4. The alternative quantity and price indexes are found in tables 7.1-7.3
of the "Selected NIPA Tables," and the associated percent changes are found
in table 8.1. For additional information about the alternative indexes, see
"Quantity and Price Indexes, 1988-94" in this issue.




August 1994

In the second quarter, as well as in the first, the
small difference in the GDP growth rates reflected
offsetting differences among the growth rates of
the major components. In the second quarter,
the sources of the differences were the same for
both alternative measures: Positive contributions
came from PCE for services, change in business
inventories, and imports (which is subtracted in
deriving GDP); negative contributions came from
PCE for durable goods and producers' durable
equipment.
For prices of gross domestic purchases, both
alternative measures increased 3.1 percent in the
second quarter, 0.2 percentage point less than
the featured 1987-weighted measure. In the first
quarter, the chain-type measure increased 2.5
percent, the same as the featured measure; the
benchmark-years measure increased 2.6 percent.
For GDP prices, both alternatives increased 2.7
Table 8.—Revisions in Real Gross Domestic Product and Prices, Second
Quarter 1994
[Seasonally adjusted at annual rates]
Percent change from
preceding quarter
Advance
estimate

Gross domestic product
Less' Exports of goods and services
Goods
Services
Plus: Imports of goods and services
Goods
Services

3.7
11.1
12.0

8.5
15.1
19.0
-5.4

Preliminary
estimate
3.8
15.8
17.5
10.7
18.9
22.6
-1.5

Preliminary estimate
minus advance
estimate
Percent-

1987

dollars

0.1

10

4.7
5.5
2.2
3.8
3.6
3.9

6.6
5.8
.8
6.1
4.9
1.1

Equals: Gross domestic purchases

4.4

4.4

0

Personal consumption expenditures
Durables
Nondurables
....
Services

1.2
.8
.7
1.6

1.4
1.2
2.1
1.0

.2
.4
1.4
-.6

8.7
9.2

5
-.8
1.2
12

Fixed investment
Nonresidential
.
Structures
Producers' durable equipment
Residential

9.2
10.0
18.4

7.7
7.0

19.6

6.5
7.3

.§

.3

Change in business inventories
Nonfarm
Farm
Government purchases .
Federal
National defense
Nondefense
State and local
Gross domestic purchases price index (fixed weights) *
GDP price index (fixed weights) l

Billions of

age
points

1.5
.5
3.7
-2.8

9
-1.2

.4
14
.2
2.3
1.8
.5

-.5
-4.8
-3.8
-6.9

-1.6
-8.8
-6.2

2.0

-14.0
2.9

3.2
2.9

3.3
2.9

-1.1
-4.0
-2.4
-7.1

.9

-2.4
-3.6
-1.4

22

1.2

.1
0

1. Based on 1987 weights.
NOTE.—Preliminary estimates for the second quarter of 1994 incorporate the following revised or additional major source data
that were not available when the advance estimates were prepared a month ago.
Personal consumption expenditures: Revised retail sales for May and June, and consumers' share of new car purchases for
May.

Nonresidential fixed investment: Construction put in place for April and May (revised) and June, manufacturers' shipments of
machinery and equipment for May and June (revised), and business' share of new car purchases for May.
Residential investment: Construction put in place for April and May (revised) and June.
Change in business inventories: Manufacturing and trade inventories for May (revised) and June, and revised unit inventories o?
motor vehicles for June.
Net exports of goods and services: Merchandise exports and merchandise imports for May (revised) and June.
Government purchases: Detailed Federal outlays for June, State and local construction put in place for April and May (revised)
and June, and State and local government employment for May and June (revised).
Wages and salaries: Revised employment, average hourly earnings, and average weekly hours for May and June.
GDP prices: Detailed merchandise export and import price indexes for April through June, values and quantities of petroleum
imports for June, and housing prices for the quarter.

SURVEY OF CURRENT BUSINESS

8 • August 1994

percent in the second quarter and 3.2 percent in
the first; the featured measure increased 2.9 percent in the second quarter and 3.1 percent in the
first.

industry do not exist. Second-quarter profits are
not yet available at the industry level, but preliminary and incomplete information suggests that
an increase in financial industry profits mainly
reflected profits of property and casualty insurance carriers and that an increase in nonfinancial

Corporate Profits
Profits from current production—profits before tax (PBT) plus inventory valuation adjustment (IVA) and capital consumption adjustment
(ccAdj)—increased $39.1 billion in the second
quarter after decreasing $25.7 billion in the first
(table 9). The rebound largely reflected the effect of the Northridge, California, earthquake,
which had reduced first-quarter profits by about
$30 billion.5
Domestic operations of both financial and
nonfinancial corporations contributed to the
second-quarter increase; profits from the rest of
the world changed little. For domestic operations
of nonfinancial corporations, the increase mainly
reflected an increase in unit profits, as the prices
that corporations received increased more than
the unit costs they incurred.
Cash flow from current production, a profitsrelated measure of internally generated funds
available to corporations for investment, increased $10.1 billion after increasing $1.0 billion.
Despite the step-up in cash flow, the ratio of cash
flow to nonresidential fixed investment decreased
from 84.1 percent to 83.4 percent. Since hitting a
peak of 91.9 percent in the first quarter of 1992,
the ratio has fluctuated between 83 percent and 88
percent; in the 1980*8, in contrast, it had averaged
72.1 percent.
Related measures.—-Industry profits are measured
by PBT with IVA because estimates of the ccAdj by

Table 9.—Corporate Profits
[Seasonally adjusted at annual rates]
Level
1994:11

Change from
preceding
quarter
1994:1

1994:11

Billions of dollars
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world

-25,7
-25.1
-25.7
.6
-.6

547,3
486.1
90.3

395.8
61.2

IVA
CCAdj
Profits before tax
Profits tax liability ...
Profits after tax

-12.5
36.8

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)

.1
-.2
2

-5.8
-1.8

-18.2

523.1
201.5
321.6

Cash flow from current production

39.1
39.0
15.4
23.6

39.6
17.4
22.2

-7.4

-10.8

570.0

1.0

10.1

510.6
449.4
106.0
343.4

239
-23.3
-25.0
1.7

39.4
39.3
16.4
22.9

10.9

-47
-6.3

17
-.6
2.9
3.6

61.2
80.0
18.8

.1
2.4
2.2

Dollars
Unit price, costs, and profits of domestic
nonfinancial corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production

1.170

0.006

.766
.277
.128

.003
.005

-.003

-.001

.006

0.005
.003

NOTE.-Levels of these and other profits series are found in NIPA tables 1.14, 1.16, 6.16C,
and 7.15.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment

5. See pages 2 and 3 of the June 1994 SURVEY.

Table 10.—Rate of Return, Income Share, and Average Product of Capital, Domestic Nonfinanciai Corporations,
1989-83
[Percent]

Year
Total

d)
1989
1990
1991
1992
1993

.. ..
.. ..

9.3
9.0
8.3
8.3
9.2

Rate of return

Share of domestic income

Property income

Property income

Profits from current production

Net interest

(8)

Total

Profits tax
liability

Profits after
tax

Net interest

Total

Profits from
current
production

(2)

(3)

(4)

(5)

(6)

(7)

5.9
5.7
5.4
5.9
6.8

2.3
2.1
1.8
1.9
2.4

3.6
3.6
3.6
4.0
4.4

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. Estimates for 1991-




3.4
3.3
2.9
2.4
2.4

17.3
16.7
15.7
15.4
16.5

11.0
10.6
10.2
10.9
12.2

Average
product of
capital

(9)
6.3
6.1
5.5
4.5
4.2

.538
.539
.529
.539
.558

93 are revised; estimates for earlier years, along with a discussion of the measures, appeared
in the April 1994 SURVEY OF CURRENT BUSINESS.

SURVEY OF CURRENT BUSINESS

industry profits reflected profits in trade and in
transportation and public utilities.
PBT increased $39.6 billion. The difference between this increase and the $39.1 billion increase
in profits from current production reflects very
sbnall decreases in the IVA and the ccAdj.
evisions in profits and related measures.—
Estimates of profits, net interest, and reproducible assets for 1991-93 were revised as part
of the annual revision of the national income
jand product accounts, which was presented in
the July SURVEY OF CURRENT BUSINESS.6 These
revisions are reflected in the last three rows of
table 10, which presents selected rates of return
and shares of domestic income for domestic
nonfinancial corporations.

Corporate profits tax accruals increased $14.3
billion after decreasing $6.0 billion. The increase
reflected the upturn in corporate profits.
Contributions for social insurance increased
$7.9 billion after increasing $16.8 billion. In the
second quarter, growth in wages and salaries
accounted for $5.2 billion of the increase in contributions. In the first quarter, contributions
were boosted $10.0 billion (annual rate) by an
increase in the social security taxable wage base,
an increase in the monthly premium for supplementary medical insurance, and the removal of
the $135,000 cap on the medicare taxable wage
base.
Table 11.—Government Sector Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]

Government Sector
The fiscal position of the government sector improved in the second quarter of 1994, as the
combined deficit of the Federal Government and
of State and local governments decreased $31.8
billion, to $119.3 billion (table 11). The Federal
Government deficit accounted for most of the
improvement; the State and local government
position improved slightly.
Federal
The Federal Government deficit decreased $31.2
billion, to $145.0 billion, in the second quarter, as receipts increased considerably more than
expenditures. The Federal deficit, which has
decreased for five consecutive quarters, is the
smallest in over 3 years.
Receipts.—Receipts increased $43.1 billion in the
second quarter after increasing $23.9 billion in
the first. All but one of the major components
of receipts increased; indirect business taxes were
unchanged.
Personal tax and nontax receipts increased
$20.9 billion after increasing $13.4 billion. Nearly
half of the second-quarter increase, $10.3 billion,
reflected provisions of the Omnibus Budget Reconciliation Act of 1993 that retroactively increased
tax rates for high-income taxpayers. Persons affected by the rate increases had the option of
paying the additional 1993 income taxes in three
annual installments, the first of which was due
April 15, 1994. Withheld personal income taxes
increased $5.2 billion as a result of growth in
wages and salaries.
6. See tables 1.15 and 1.16 of the "National Income and Product Accounts Tables" in the July 1994 SURVEY. See also "Fixed Reproducible Tangible
Wealth" on page 54 in this issue.




August 1994

Level

Change from preceding quarter
1993

1994: II

1994

II

III

IV

I

II

2121.2
2240.6
-119.3

64.2
13.9
50.3

15.8

54.5
39.1
15.4

31.1
-3.4
34.5

54.7
23.0
31.8

1380.6

51.0

9.0

40.9

23.9

43.1

571.1
166.1

22.6

7.7

13.4
-6.0

20.9
14.3

Government sector
Receipts
Expenditures ...
.
Surplus or deficit (-)

5.2
10.6

Federal Government
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures
Purchases
National defense
Nondefense
Transfer payments (net)
,
To persons
To rest of the world
Grants-in-aid to State and local governments
Net interest paid
Subsidies less current surplus of government enterprises
Subsidies
Of which: Agricultural subsidies
Less: Current surplus of government enterprises
Less' Wage accruals less disbursements
Surplus or deficit (-)

90.4

553.0

9.7
1.6
17.0

-1.6
-1.2

4.1

1525.6

4.5

-3.0

434.9
290.7
144.1
676.0
663.5

17

-2.5
-6.8

12.5

193.6
189.7
31.5
34.6

8.9
3.1
0

-1.2

-.5
8.0
6.5
1.5
6,2
2.3
-10.1
-7.2
-7.8

3.0
0

4.2
7.4
6.0
1.4
4.9
-1.2

-11.8
-11.3
-11.7
.4
0

-145.0

46.4

12.1

934.2

19.3

11.7

9.3
17.6

8.4
5.6
36.1

29
.1
-2.9
13.9

3.9
10.0

9.2
-.1
16.0
15.5
15.5

-.5
0
4.8

-.3
16.8

0
7.9

-20.0

11.9

-2.0

-2.9

7.4
5.4
-2.6
10.1

-12.7
-7.0
-4.2
-4.2
-3.9
-4.9

.3
0
43.9

1.0
-2.0

4.5
3.6
.9
3.6
10.4
-3.6
-3.1
-3.4

.5
0
31.2

State and local governments
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases
Of which'. Structures
Transfer payments to persons
Net interest paid .
Less: Dividends 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 (-) .
Social insurance funds
Other
NOTE.-Dollar levels are found in NIPA tables 3.2 and 3.3.

175.3
35.4

459.5
70.5

193.6

5.9
2.3
4.2
.8
6.2

908.5

15.6

731.4
101.5
270.7
-54.6

11.0

0

5.8
5.3
-.1
.1
-.4
0
A
0

25.7

3.7

65.8

.1
3.6

10.8

-28.2
.4
28.6

-40.1

1.8
3
4.5
.7
4.9
13.1

9.0
3.4
5.2
-.1
.1
—9

o"

.8
0
-1.4

-.1
13

.3

22.8

2.3
4.0
6.6
.7
9.2
12.2

7.2
3.0
5.7
-.2
.1
-.4
0
A
0
10.6

-.1
10.7

2.7
14
5.2
.8
-7.0

9.6
4.6
-5.8

5.7
-.5
.2
-.1
0
.2
0
-9.3

-.3
-9.0

15.1

2.4
3.1
5.3
.8
3.6
14.6

9.4
2.3
6.4
-.5
.1
-.5
0
.5
0

.5
-.1
.6

SURVEY OF CURRENT BUSINESS

1O • August 1994

Expenditures.—Expenditures increased $11.9 billion in the second quarter after decreasing $20.0
billion in the first. The upswing was more
than accounted for by net interest, grants-inaid to State and local governments, and transfer
payments.
Net interest paid increased $10.4 billion after
decreasing $4.2 billion. The upturn was mainly
attributable to interest paid on the public debt,
which increased $8.0 billion after decreasing $4.9
billion.
Grants-in-aid to State and local governments
increased $3.6 billion after decreasing $7.0 billion.
The turnaround was more than accounted for
by medicaid, which increased $5.6 billion after
decreasing $6.3 billion.
Transfer payments increased $4.5 billion after decreasing $2.6 billion. The turnaround was
more than accounted for by transfer payments to
the rest of the world, which increased $0.9 billion after decreasing $12.7 billion; the decrease
followed a large fourth-quarter increase that was
primarily due to $12.0 billion (annual rate) in
economic support and other payments to Israel. Transfer payments to persons increased
$3,6 billion after increasing $10.1 billion. In the
first quarter, transfer payments had been boosted
$7.7 billion by a cost-of-living adjustment in
social security benefits (old-age, survivors, and
disability insurance) in January and $1.1 billion by temporary rental assistance payments
to the victims of the earthquake that struck
Northridge, California, in January. The secondquarter increase in transfer payments included a
$1.6 billion cost-of-living adjustment for Federal
civilian and military retirees that became effective in April; in past years, these adjustments
became effective in January, but they were delayed this year by provisions of the Omnibus
Budget Reconciliation Act of 1993. The secondquarter increase also included the final payments
from the Emergency Unemployment Compensation program to persons who had exhausted
their regular unemployment benefits; these benefits have been decreasing since the third quarter
of 1993.
Subsidies less the current surplus of government enterprises decreased $3.6 billion after
decreasing $4.2 billion. The decreases in both
quarters were mostly attributable to agricultural subsidies, which decreased $3.4 billion after
decreasing $4.9 billion. The second-quarter decrease in agricultural subsidies was more than
accounted for by flood- and drought-related
payments.



Purchases decreased $2.9 billion after decreasing $2.0 billion. Nondefense purchases decreased
$2.0 billion after increasing $5.4 billion. Most
of the downturn was attributable to structures
and to services other than compensation, both
of which decreased in the second quarter after increasing in the first. Compensation of
nondefense employees increased $2.2 billion after increasing $2.9 billion. Buyout programs
at Federal civilian agencies boosted nondefense
compensation by $2.3 billion in the second quarter and by less than $0.1 billion in the first
quarter; Congress granted buyout authority to all
civilian agencies on March 24, 1994, but some
agencies, such as the Library of Congress and the
Government Printing Office, had limited buyout
authority before March. The first-quarter increase in compensation also reflected $1.1 billion
in locality pay raises.
Offsetting most of the downturn in nondefense
purchases, defense purchases decreased $1.0 billion after decreasing $7.4 billion. Purchases of
military equipment, nondurable goods, and services other than compensation decreased less in
the second quarter than in the first.
State and local
The State and local government surplus increased
$0.5 billion, to $25.7 billion, as receipts increased
slightly more than expenditures.
Receipts increased $15.1 billion in the second
quarter after increasing $0.3 billion in the first.
The acceleration was more than accounted for by
turnarounds in Federal grants-in-aid and in corporate profit tax accruals. Federal grants-in-aid
increased $3.6 billion after decreasing $7.0 billion;
the turnaround was more than accounted for by
medicaid. Reflecting the upturn in corporate
profits, corporate profits tax accruals increased
$3.1 billion after decreasing $1.4 billion.
Expenditures increased $14.6 billion in the
second quarter after increasing $9.6 billion in
the first. Purchases increased $9.4 billion after
increasing $4.6 billion. Within purchases, structures increased $2.3 billion after decreasing $5.8
billion; highway construction accounted for most
of the increase in the second quarter and for part
of the decrease in the first. Compensation of
employees increased $6.3 billion after increasing
$6.8 billion; the increases in both quarters reflected growth in employment. The impact of
the Northridge earthquake raised compensation
$1.2 billion in the first quarter and reduced it $0.9
billion in the second. Transfer payments to persons increased $6.4 billion after increasing $5.7
billion. 51

11

SURVEY OF CURRENT BUSINESS

August 1994

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Preliminary" estimates for the second 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) 606-9700.
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 1988-93, the complete official
time series of NIPA estimates can be found as follows:
1988

NIPA'S, vol. 2
Most tables
Tables 1 15, 1 16, and 7 15
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7.1, 7.2, 7.3, and 8.1 — Aug. 1994 SURVEY
Tables 7.4—7.12
Apr. 1993 SURVEY

1991-93

1990

1989
July 1992 SURVEY
Sept. 1992 SURVEY
Aug. 1994 SURVEY
Apr. 1993 SURVEY

July 1994 SURVEY

Aug. 1993 SURVEY
Sept. 1993 SURVEY

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

Aug. 1994 SURVEY
Aug. 1993 SURVEY

Summary NIPA series back to 1929 will be in the September 1994 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.

i. National Product and Income.
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

1993

1993

I
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

II

1992

1994

III

I

6,020.2 6,343.3 6,235.9 6,299.9 6,359.2

6,478.1

6,574.7

6,685.5

4,136.9 4,378.2 4,294.6 4,347.3 4,401.2

4,469.6

4,535.0

4,587.3

492.7 538.0 516.1
531.2 541.9
1,295.5 1,339.2 1,327.1 1,334.2 1,340.2
2,348.7 2,501.0 2,451.4 2,481.9 2,519.1

562.8
1,355.2
2,551.6

576.2
1,368.9
2,589.9

581.8
1,381.0
2,624.5

788.3

882.0

853.8

869.7

882.2

922.5

966.6

1,031.7

785.2
561.4
171.1

866.7
616.1
173.4

833.7
589.8
170.6

851.1
609.3
172.3

868.3
619.0
173.9

913.5
646.3
176.7

942.5
665.4
172.7

967.5
683.4
181.4

390.3
223.8

442.7
250.6

419.2
243.9

437.0
241.8

445.1
249.3

469.6
267.2

492.7
277.1

502.0
284.1

15.4
20.1
-4.7

20.1
21.6
-1.6

18.6
23.9
-5.3

13.9
24.2

24.1
22.3

64.2
60.5

3.0
-2.7

5.7

-10.3

9.0
10.7
-1.7

1.8

3.6

-30.3

-65.3

-49.6

-63.3

-77.0

-71.2

-86.7

-99.8

638.1
668.4

659.1
724.3

646.8
696.4

660.1
723.5

649.0
726.0

680.3
751.4

674.2
760.9

703.2
803.0

1,125.3 1,148.4 1,137.1 1,146.3 1,152.9

1,157.2

1,159.8

1,160.3

439.8
299.1
140.7
717.4

437.8
291.7
146.1
722.0

434.9
290.7
144.1
731.4

449.0
314.2
134.8
676.3

443.6
302.7
140.9
704.7

446.9
307.0
139.9
690.2

445.2
305.8
139.4
701.2

442.7
299.0
143.6
710.2

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




1993

1993

II

I

IV

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

II

1994

III

II

I

IV

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,310.2
3,349.5 3,458.7 3,417.k 3,439.2 3,472.2 3,506.2 3,546.3 3,558.6
452.6 489.9 472.5 483.7 492.7 510.8 521.7 523.3
1,057.7 1,078.5 1,070.0 1,074.3 1,081.7 1,088.0 1,098.3 1,103.9
1,839.1 1,890.3 1,874.8 1,881.2 1,897.8 1,907.4 1,926.3 1,931.3
725.3

819.9

789.2

806.2

821.8

862.5

898.9

§48.2

722.9
525.9
149.8

804.6
591.6
147.7

770.7
560.3
147.2

787.3
581.0
147.3

808.8
597.9
147.5

851.7
627.2
148.7

873.4
643.6
144.1

891.9
657.9
150.7

376.2
196.9

443.9
213.0

413.0
210.4

433.7
206.3

450.3,
211.0

478.5
224.5

499.4
229.9

507.3
234.0

15.3
18.5
-3.2

18.5
19.7
-1.2

18.9
22.8
-3.9

13.0
20.9
-7.9

10.8
10.7

25.4
22.1

56.3
51.8

-32.3

-73.9

-57.0

-69.3

-86.3

-82.2 -104.0 -112.9

578.8
611.2

602.5
676.3

589.2
646.8

600.2
669.6

595.3
681.6

625.2
707.4

2.5
-2.0

4.5

.1

3.3

619.6
723.6

4.6

642.7
755.6

930.9

929.8

926.5

929.3

9318

931.5

919.9

916.3

373.5
261.4
112.2
563.3

356.6
243.7
113.0
573.1

361.6
248.2
113.3
564.9

358.3
246.8
111.5
571.0

355.6
240.9
114.7
576.2

351.1
238.7
112.4
580.4

341.7
228.5
113.2
578.3

333.9
224.9
109.0
582.4

NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

12 • August 1994

Table 1.3.—Gross Domestic Product by Major Type of Product

Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Seasonally adjusted at annual rates
1992

1993

1993

I
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods l
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1
Structures

III

II

Seasonally adjusted at annual rates

s

1994

1992

6,020,2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,685.5
6,017.2 6,327.9 6,215.8 6,281.4 6,345.4 6,469.2 6,550.6 6,621.4
3.0

15.4

20.1

18.6

13.9

9.0

24.1

64.2

2,295.0 2,405.8 2,369.6 2,396.2 2,395.8 2,461.6 2,513.2 2,560.4
2,292.0 2,390.4 2,349.6 2,377.6 2,381.9 2,452.6 2,489.1 2,496.2
3.0

,.

15.4

20.1

18.6

13.9

9.0

24.1

64.2

955.6 1,041.0 1,006.1 1,034.4 1,041.7 1,081.9 1,118.7 1,140.0
968.6 1,032.4 999.1 1,030.6 1,026.8 1,072.9 1,098.2 1,102.3
-13.0

8.6

6.9

3.7

14.9

9.0

20.6

37.6

1,339.4 1,364.8 1,363,6 1,361.8 1,354.0 1,379.7 1,394.5 1,420.4
1,323.4 1,358.0 1,350.4 1,347.0 1,355.1 1,379.7 1,390.9 1,393.9
6.7

16.0

13.1

14.8

-1.1

0

3.5

26.5

3,227.2 3,405.5 3,350.4 3,383.1 3,429.3 3,459.3 3,503.8 3,551.6
532.0

498.0

515.9

520.6

534.1

557.2

I

II

I

IV

557.7

573.5

1993

1993

Gross domestic
product
Final sales of domestic
product
Change in business
inventories .
Goods 1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services 1
Structures

II

1994

HI

II

I

IV

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,310.2
4,976.9 5,119.3 5,056.8 5,086.5 5,126.5 5,207.2 5,235.7 5,253.9
2.5

15.3

18.5

18.9

13.0

10.8

25.4

56.3

1,991.0 2,081.8 2,043.7 2,069.9 2,078.2 2,135.5 2,168.8 2,200.7
1,988.5 2,066.5 2,025.2 2,051.0 2,065.3 2,124.7 2,143.3 2,144.4
2.5

15.3

18.5

18.9

895.6
906.7

986.0
977.7

945.8
939.6

973.4
968.8

-11.2

8.3

6.2

4.6

13.0

10.8

25.4

56.3

991.4 1,033.6 1,061.4 1,073.9
977.9 1,024.7 1,041.7 1,040.8
13.5

8.9

19.7

33.1

1,095.4 1,095.8 1,098.0 1,096.5 1,086.8 1,101.9 1,107.4 1,126.8
1,081.8 1,088.8 1,085.7 1,082.2 1,087.4 1,100.0 1,101.7 1,103.6
13.6

7.0

12.3

14.3

-.6

1.9

5.7

23.2

2,549.3 2,597.6 2,584.7 2,588.5 2,606.1 2,611.2 2,625.8 2,632.7
439.0

455.1

446.9

447.0

455.1

471.3

466.5

476.9

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars

[Billions of dollars]
6,020.2
Gross domestic product
Less: Exports of goods and
services
6381
Plus: Imports of goods and
668.4
services
Equals: Grossl domestic
purchases
..... 6,050.5
Less: Change in business
inventories
3.0
Equals: Final sales to 2
domestic purchasers
6,047.5

[Billions of 1987 dollars]

6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,685.5
6591

6468

6601

6490

6803

6742

7032

724.3

696.4

723.5

726.0

751.4

760.9

803.0

6,408.6 6,285.5 6,363.3 6,436.3 6,549.3 6,661.4 6,785.3
15.4

20.1

18.6

13.9

9.0

24.1

64.2

6,393.2 6,265.4 6,344.7 6,422.4 6,540.3 6,637.3 6,721.2

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross1 domestic
purchases
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers

4,979.3

5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,310.2

578.8

602.5

589.2

600.2

595.3

625.2

619.6

642.7

611.2

676.3

6468

669.6

681.6

707.4

723.6

755.6

5,011.6 5 208.4 5,132 9 5,174.7 5,225.8 5,300.2 5,365.1 5,423.1

2.5

15.3

18.5

18.9

13.0

10.8

25.4

56.3

5,009.2 5,193.1 5,114.4 5,155.8 5,212.8 5,289.4 5,339.7 5,366.7

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.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

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.
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
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

6,020.2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,685.5
5,090.4 5,371.4 5,276.7 5,332.3 5,382.1 5,494.4 5,575.7 5,673.1
49961 52938 5,171 8 52493 53223 5,431 7 5 524.7 5611 1
4,494.4 4,771.0 4,657.5 4,730.8 4,796.4 4,899.5 4,975.0 5,067.3
501.7 522.7 514.3 518.5 525.8 532.2 549.6 543.8
65.4
-5.5

79.2

87.1

79.7

-16.5

-36.1

-17.7

283.4

286.9

291.0

295.7

300.1

10.7

10.8

10.9

11.1

11.3

272.7

276.1

280.0

284.5

288.8

2.3

79.4
25.5

77.3

8.8

268.6

285.3

279.7

10.1

10.8

258.4

274.5

106
269.1

85.6

75.3

5.7

661.2

686.6

679.5

684.2

690.2

692.7

703.3

712.4

199.5
461 7

203.6
4830

204.1
4754

203.6
4806

204.3
4859

202.5
4902

206.3
497.1

209.0
503.4

4,584.2 4,844.0




Gross domestic
product
Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,310.2
4,258.7 4,409.4 4,352.0 4,380.4 4,413.3 4,491.7 4,532.6 4,579.9
4,170.6 4,336.4 4,255.3 4,303.4 4,353.8 4,433.2 4,486.1 4,515.6
3,771.0 3,925.5 3,849.1 3,893.8 3,941.1 4,017.9 4,070.6 4,097.9
3996 4109
4062 409.6 412.7 415.3 415.5 417.8
75.9
78.6
64.0
72.0
757
71 0
72.3
808
-14.3
-29.3
4.7
-4.5
-13.5
1.9
21.0
7.3
208.5

215.6

212.2

215.0

217.0

218.1

220.1

222.4

88
199.8

90
206.5

90
203.2

90
206.0

90
208.0

90
209.1

91
211.0

9.2
213.2

512.0

509.6

511.2

510.0

509.1

508.2

508.4

507.9

151 9
360.1

1460

1490

363.6

362.1

146.9
363.1

145.1
364.0

143.2
365.1

141.9
366.5

139.8
368.1

3,855.4 3,994.9

SURVEY OF CURRENT BUSINESS

August 1994 • 13

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

Seasonally adjusted at annual rates
1992

1993

1993

I
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
Equals: Personal income
Addenda:
Net domestic product
Domestic income
Gross national income

II

1992

1994

ill

IV

i

I

II

6,020.2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,685.5

133.5

136.6

130.2

137.6

137.1

141.3

145.4

160.9

127.9

132.1

122.2

134.3

128.6

143.3

146.1

166.1

6,025.8 6,347.8 6,243.9 6,303.3 6,367.8 6,476.2 6,574.0 6,680.3
658.5

669.1

662.9

662.0

677.3

674.0

734.1

698.9

604.2

635.1

618.5

626.9

644.8

650.3

683.2

669.8

-54.4

-33.9

-44.3

-35.1

-32.6

-23.8

-50.9

-29.1

5,367.3 5,678.7 5,581.1 5,641.2 5,690.5 5,802.2 5,840.0 5,981.3
504.4

525.3

515.5

521.4

524.7

539.7

544.7

549.9

28.1

28.7

28.9

28.6

30.1

30.3

5.7

28.9
-5.5

8.8

-3.9

8.8

2.3

28.2
25.5

3.5

9.0

19.3

-16.5

-36.1

11.7

7.4

1993

1993

-17.7

3.2

4,829,5 5,131.4 5,031.1 5,094.0 5,138.5 5,262.0 5,308.7 5,422.0

Gross domestic product
Plus: Receipts of factor
income from the rest of the
world 1
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income
Gross national income

4,979.3 5,134.5

II

1994

III

IV

I

II

5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,310.2

109.2

109.1

104.7

110.1

109.4

112.4

114.8

126.2

102.8

103.4

96.1

105.3

100.4

111.7

113.2

128.1

4,985.7 5,140.3 5,083.9 5,110.1 5,148.4 5,218.7 5,262.7 5,308.3
595.8

599.5

596.4

593.9

605.5

602.0

648.1

614.7

4,389.9 4,540.8 4,487.5 4,516.2 4,542.9 4,616.7 4,614.6 4,693.6

406.0
7.3

421.2
1.9

415.1
21.0

418.2
4.7

423.1
-4.5

428.3
-13.5

432.7
-29.3

434.5
-14.3

3,976.6 4,117.7 4,051.4 4,093.3 4,124.3 4,201.8 4,211.3 4,273.4
4,383.5 4,535.1 4,478.9 4,511.4 4,533.9 4,616.0 4,613.0 4,695.5
3,970.2 4,112.0 4,042.8 4,088.5 4,115.3 4,201.1 4,209.7 4,275.3
4,978;4 5,138.4 5,062.9 5,105.4 5,153.0 5,232.2 5,292.1 5,322.6

1. Consists largely of receipts by U.S. residents ofinterest 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.

405.1
420.0

485.8
399.5

442.5
414.6

473.1
397.6

493.5
396.7

533.9
389.1

508.2
394.2

547.3
394.4

Table 1.11—Command-Basis Gross National Product in Constant
Dollars

556.4

585.6

568.3

586.1

590.9

597.2

614.7

623.5

[Billions of 1987 dollars]

-20.0
665.2

20.0

80.0

637.9

653.2

0
636.6

0
634.1

0
627.7

0
631.1

0
645.0

161.0

181.3

178.0

180.4

182.8

184.1

185.7

191.7

837.9

892.6

875.8

887.6

898.8

908.3

924.2

934.2

22.3

22.8

22.8

22.8

22.8

22.7

23.2

23.4

5,154.3 5,375.1 5,255.5 5,364.5 5,395.9 5,484.6 5,555.8 5,651.0
5,361.7 5,674.2 5,573.0 5,637.9 5,681.9 5,804.1 5,840.7 5,986.6
4,824.0 5,126.9 5,023.1 5,090.7 5,130.0 5,264.0 5,309.4 5,427.2
6,017.0 6,345.5 6,218.5 6,297.5 6,373.3 6,492.7 6,610.1 6,697.9

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.




4,985.7 5,140.3 5,083.9 5,110.1 5,148.4 5,218.7 5,262.7 5,308.3
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
688.0 711.6 693.8 710.3 704.7 737.6 734.5 768.9
Plus: Command-basis exports
of goods and services and
receipts of factor income l . 691.8 724.4 705.1 720.7 719.3 752.2 756.2 787.9
Equals: Command-basis
gross national product .... 4,989.5 5,153.1 5,095.2 5,120.5 5,163.1 5,233.3 5,284.5 5,327.3
Addendum:
Terms of trade2
100.5 101.8 101.6
101.5 102.1
102.0 103.0 102.5
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.

SURVEY OF CURRENT BUSINESS

14 • August 1994

Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancia!
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

1993

I

II

Seasonally adjusted at annual rates

1994

IV

III

I

1992

II

1993

1993

I
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
Nonfarm
Proprietors' income
IVA
CCAdj
Rental income of persons
with CCAdj
Rental income of persons ..
CCAdi
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
SVA
CCAdj
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA and
CCAdj
Undistributed profits with
IVA and CCAdj
Consumption of fixed
capita!
Less- IVA
Equals: Net cash flow

II

1994

IV

III

I

II

4,829.5 5,131.4 5,031.1 5,094.0 5,138.5 5,262.0 5,308.7 5,422.0
3,591.2 3,780.4 3,713.1 3,761.1 3,801.7 3,845.8 3,920.0 3,979.6
2,954.8 3,100.8 3,053.9 3,085.1 3,115.9 3,148.4 3,208.3 3,257.6
567.3 583.8 580.3 580.9 586.1 587.8 595.7 602.5
2,387.5 2,517.0 2,473.6 2,504.2 2,529.8 2,560.7 2,612.6 2,655.1
636.4

679.6

659.2

676.0

685.9

697.4

711.7

722.0

307.7
328.7

324.3
355.3

315.1
344.1

324.6
351.4

327.0
358.8

330.6
366.8

338.5
373.2

343.6
378.4

418.7

4416

444.4

438.8

420.3

462.9

471.0

467.6

49.6

39.4

15.8

44.4

47.2

35.8

44.4

37.3

51.9
-7.5

44.5
-7.2

56.7
-7.2

46.5
-7.2

23.2
-7.4

51.5
-7.0

54.5
-7.3

43.1
-7.3

374.4
362.0
-.5

404.3
390.2
-.8

394.8
381.8
1.3

399.4
385.5
-.8

404.5
389.8
-.1

418.5
403.7
-.9

423.8
409.3
-.6

431.8
417.4

12.9

14.9

14.4

14.7

14.8

15.7

15.2

-1.0
15.4

-5.5

24.1

16.5

23.4

26.3

30.3

15.3

33.0

61.2

86.3

-66.7

-62.2

-63.8

-60.3

-62.6

-62.1

101.7
-86.4

-64.6

405.1

485.8

442.5

473.1

493.5

533.9

508.2

547.3

389.4
395.9
139.7
256.2
171.1

456.2
462.4
173.2
289.2
191.7

421.5
432.7
159.8
273.0
188.2

446.6
456.6
171.8
284.8
190.7

461.7
458.7
169.9
288.9
193.2

85.1
-6.4

97.5
-6.2

84.7

94.1

95.6

495.1
501.7
191.5
310.2
194.6
115.6

-11.2

471.2
483.5
184.1
299.4
196.3
103.0
-12.3

510.6
523.1
201.5
321.6
202.5
119.1
-12.5

15.7

29.5

21.0

26.5

31.7

38.8

37.0

36.8

420.0

399.5

414.6

397.6

396.7

389.1

394.2

394.4

80.3

83.6

-10.0

88.9

3.0

92.4

-6.5

97.7

265.4

312.5

282.8

301.3

323.6

342.4

324.1

345.9

491.1

528.7

496.8

515.5

543.6

558.9

559.9

570.0

94.3

120.9

94.5

110.7

130.3

147.9

127.7

143.4

396.8

407.8

-6.4

-6.2

497.5

534.9




402.3
-11.2
508.0

404.8
-10.0
525.4

413.3
3.0
540.6

411.1
-6.5

565.5

432.2
-12.3
572.2

426.6
-12.5
582.5

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
Domestic income
Compensation of
employees
Wages and salaries ...
Supplements to wages
and salaries
Corporate profits with
IVA and CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
Gross domestic
product of financial
corporate business ..
Gross domestic
product of
nonfinancial
corporate business ..
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Domestic income
Compensation of
employees
Wages and salaries ...
Supplements to wages
and salaries
Corporate profits with
IVA and CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest

3,563.6 3,796.2 3,694.9 3,767.3 3,817.9 3,904.8 3,957.0 4,035.8
396.8

407.8

402.3

404.8

413.3

411.1

432.2

426.6

3,166.9 3,388.4 3,292.6 3,362.5 3,404.6 3,493.7 3,524.8 3,609.2

361.9

377.5

369.3

374.7

377.6

388.3

393.5

397.5

2,804.9 3,010.9 2,923.4 2,987.8 3,027.0 3,105.4 3,131.3 3,211.7
2,340.9 2,471.6 2,429.1 2,459.2 2,484.4 2,513.8 2,564.0 2,602.9
1,942.1 2,045.6 2,011.4 2,035.5 2,055.7 2,079.6 2,121.1 2,153.9
398.8

426.1

417.8

423.7

428.7

434.2

442.9

449.0

344.5
335.3
139.7
195.6
147.7

420.5
397.2
173.2
223.9
177.2

375.0
365.2
159.8
205.4
178.4

410.4
393.8
171.8
222.0
173.2

424.3
389.6
169.9
219.7
177.1

472.2
440.0
191.5
248.5
180.2

447.1
422.4
184.1
238.3
177.0

486.1
461.9
201.5
260.4
181.4

47.8
-6.4
15.7

46.7
-6.2
29.5

48.8

42.7

79.0

-12.3

-12.5

21.0

26.5

31.7

68.3
-6.5
38.8

61.3

-11.2

37.0

36.8

119.5

118.8

119.2

118.2

118.3

119.4

120.2

122.7

340.7

386.5

370.5

381.0

389.1

405.5

388.4

408.9

27.1

-10.0

3.0

3,222.9 3,409.7 3,324.4 3,386.3 3,428.7 3,499.3 3,568.6 3,626.9
352.9

361.5

356.9

358.8

366.5

363.7

383.7

376.8

2,870.0 3,048.2 2,967.4 3,027.5 3,062.2 3,135.6 3,184.8 3,250.1

328.9

344.0

336.1

341.3

344.3

354.3

358.9

362.5

2,541.1 2,704.2 2,631.3 2,686.2 2,717.9 2,781.3 2,825.9 2,887.6
2,151.0 2,259.2 2,225.2 2,248.5 2,269.1 2,293.9 2,337.1 2,372.8
1,782.3 1,866.2 1,839.5 1,857.7 1,873.9 1,893.8 1,929.4 1,959.5
368.7

393.0

385.7

390.8

395.2

400.1

407.7

413.3

372.2
332.8
132.5
200.3
159.5

395.8
355.9
143.3
212.6
163.0

165.5
136.3

330.9
293.5
116.8
176.7
159.8

293.5
269.3
106.2
163.0
160.6

324.4
293.7
116.7
176.9
156.7

334.3
285.7
113.5
172.2
159.4

371.6
325.4
130.8
194.6
162.3

29.2
-6.4
29.7

16.9
-6.2
43.6

2.4
-11.2

20.2

12.8

-10.0

35.4

40.7

45.7

32.2
-6.5
52.7

113.5

114.0

112.6

113.3

114.4

115.8

276.6
253.4
87.8

3.0

40.8

49.6

-12.3

-12.5

51.7

116.6

52.4

119.0

Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business ..
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Domestic income

2,802.8 2,942.9 2,868.4 2,920.5 2,963.3 3,019.5 3,062.6 3,098.9
319.2 325.3 322.4 322.9 329.0 327.0 342.4 333.9
2,483.6 2,617.6 2,546.0 2,597.6 2,634.2 2,692.5 2,720.2 2,765.0

260.7 272.4 268.2 270.4 273.7 277.3 280.6 281.9
2,222.8 2,345.2 2,277.8 2,327.2 2,360.5 2,415.2 2,439.6 2,483.1

SURVEY OF CURRENT BUSINESS

August 1994

2. Personal Income and Outlays.
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product

Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]

[Billions of dollars]

Seasonally adjusted at annual rates
1992

1993

1993

I

Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Rental income of persons
with capital
consumption
adjustment
Personal dividend income
Personal interest income
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
Less: Personal
contributions for social
insurance
Less: Personal tax and
nontax payments
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption
expenditures
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
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
Personal saving as
percentage of disposable
personal income

II

Seasonally adjusted at annual rates

1994

I

IV

III

1992

II

1993

1993

I

II

1994

III

IV

II

I

5,154.3 5,375.1 5,255.5 5,364.5 5,395.9 5,484.6 5,555.8 5,651.0
2,974.8 3,080.8 2,973.9 3,085.1 3,115.9 3,148.4 3,208.3 3,257.6
757.6 773.8
578.3 588.4
682.3 701.9
967.6 1,021.4
567.3 583.8

746.3 776.4 781.4 791.0 801.9 811.4
565.8 591.4 594.9 601.7 609.4 612.6
681.2 704.0 709.6 712.6 728.6 742.4
966.1 1,023.7 1,038.8 1,057.0 1,082.0 1,101.3
580.3 580.9 586.1 587.8 595.7 602.5

328.7

344.1

418.7

355.3

441.6

444.4

351.4

438.8

358.8

420.3

44.4

37.3

49.6

39.4

15.8

374.4

404.3

394.8

399.4

404.5

366.8

462.9
44.4

418.5

373.2

471.0
47.2

423.8

378.4

467.6
35.8

431.8

-5.5

24.1

16.5

23.4

26.3

30.3

15.3

33.0

161.0

181.3

178.0

180.4

182.8

184.1

185.7

191.7

665.2

637.9

653.2

636.6

634.1

627.7

631.1

645.0

860.2

915.4

898.6

910.4

921.6

931.0

947.4

957.6

414.0

444.4

436.8

441.9

446.8

452.1

463.8

470.6

38.9
19.3

33.9
20.1

34.3
20.0

34.0
20.2

34.5
20.2

32.7
20.0

27.9
20.0

23.5
19.8

109.9
278.1

118.7
298.3

116.0
291.4

118.0
296.2

119.6
300.5

121.1
305.1

122.8
312.9

126.2
317.5

23.3

23.9

23.6

24.0

24.0

24.1

24.2

24.4

254.9

274.4

267.8

272.2

276.5

281.0

288.7

293.1

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
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other

4,136.9 4,378.2 4,294.6 4,347.3 4,401.2 4,469.6 4,535.0 4,587.3
492.7

538.0

516.1

531.2

541.9

562.8

576.2

581.8

204.1

228.0

216.6

225.7

228.4

241.4

253.0

247.5

192.5

208.9
101.1

201.6

205.5
100.0

210.6
102.9

217.7
103.7

218.1
105.1

225.0
109.3

96.1

97.8

1,295.5 1,339.2 1,327.1 1,334.2 1,340.2 1,355.2 1,368.9 1,381.0
626.8
227.7
105.5

649.7
235.4
105.6

640.4
231.8
108.4

646.0
233.2
105.6

651.7
235.9
104.1

660.8
240.7
104.4

667.9
241.9
103.2

675.7
244.0
103.1

13.0

14.0

14.1

13.9

14.2

13.9

15.5

13.1

322.5

334.4

332.4

335.5

334.2

335.4

340.4

345.0

2,348.7 2,501.0 2,451.4 2,481.9 2,519.1 2,551.6 2,589.9 2,624.5
601.3
239.4
105.7

629.0
256.3
112.8

619.0
250.6
110.5

625.9
252.9
110.1

632.4
260.4
115.5

638.8
261.3
115.1

648.2
261.1
116.3

655.2
265.8
115.4

133.7
156.7
628.3
723.0

143.5
170.6
680.5
764.7

140.1
167.3
664.1
750.5

142.8
170.0
674.5
758.7

144.9
171.5
686.1
768.8

146.2
173.6
697.3
780.7

144.8
175.4
707.4
797.8

150.4
178.0
720.8
804.7

Table 2.3— Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]

248.7

261.3

253.2

261.5

263.8

266.6

276.3

279.9

648.6

686.4

657.3

685.9

695.4

707.0

723.0

746.4

4,505.8 4,688.7 4,598.2 4,678.6 4,700.5 4,777.6 4,832.8 4,904.6
4,257.8 4,496.2 4,413.7 4,464.6 4,518.2 4,588.2 4,657.3 4,713.3
4,136.9 4,378.2 4,294.6 4,347.3 4,401.2 4,469.6 4,535.0 4,587.3
111.4
108.2
107.5 107.2 108.7 111.7 115.5
109.3
9.5

9.9

9.8

9.8

9.9

9.8

10.5

10.5

247.9

192.6

184.6

214.0

182.3

189.4

175.5

191.3

3,648.1 3,704.1 3,658.9 3,701.3 3,708.4 3,747.8 3,779.2 3,804.7
17,636 18,153 17,874 18,141 18,174 18,421 18,588 18,819
14,279 14,341 14,222 14,351 14,338 14,451 14,535 14,598
255.5

258.3

257.3

257.9

258.6

259.4

260.0

260.6

5.5

4.1

4.0

4.6

3.9

4.0

3.6

3.9

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




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
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other

3,349.5 3,458.7 3,417.2 3,439.2 3,472.2 3,506.2 3,546.3 3,558.6
452.6

489.9

472.5

483.7

492.7

510.8

521.7

523.3

181.8

196.1

189.7

195.1

195.0

204.7

213.7

206.6

1933

2141

2052

2099

2166

2323

787

2246
81 5

225.9

776

820

844

775

797

81 1

1,057.7 1,078.5 1,070.0 1,074.3 1,081.7 1,088.0 1,098.3 1,103.9
5147

193.2

856
11 2
253.0

5240
197.8

520.7
194.0

5223
196.1

525.1
198.6

528.1
202.4

531.9
203.8

5363
205.0

865
121

861
120

857

875
122

866
122

861

862

258.2

257.2

258.4

258.8

11 8
258.3

13.4

263.1

11 4
265.0

1,839.1 1,890.3 1,874.8 1,881.2 1,897.8 1,907.4 1,926.3 1,931.3
4852
217.8
95.2
1225

122.9
4543
558.9

4926
225.3

4898
224.1

98.6

98.5

126.7
127.9
4664
578.2

125.6
125.8
4631

572.0

4915

222.8
96.3
1265

127.6
4643
575.0

4937
227.4
99.9

127.5
128.4
4676
580.7

4954
226.9
99.6
1272

129.8
4704
584.9

4977
228.7
101.1

5000
229.0
100.4

127.7
130.9
4732
595.9

131.7
4775
5932

1286

l6 • August 1994

SURVEY OF CURRENT BUSINESS

3. Government Receipts and Expenditures.
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
1993

1993

1992

I
Receipts
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes . .
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
Purchases
National defense
Nondefense
.. ..
Transfer payments (net)
To persons
To rest of the world (net) ...
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

II

Seasonally adjusted at annual rates
1992

1994

I

1,178.3 1,265.7 1,212.7 1,263.7 1,272.7 1,313.6 1,337.4 1,380.6
489.5
476.8

520.3
505.9

497.2
484.0

519.8
505.0

527.5
513.3

536.8
521.4

550.2
533.6

571.1
552.5

11.3

12.9

11.7

13.3

12.6

13.8

14.8

16.9

1.4

115.6

1.6

143.0

1.5

132.1

1.5

141.8

1.6

140.2

1.7

157.8

1.7

151.8

1.8

166.1

16.8
98.8

16.0

16.4

16.0

15.7

15.8

16.0

16.9

127.0

115.6

125.8

124.4

142.0

135.8

149.2

81.3
45.8
18.3
17.2

84.6
48.5
19.9
16.3

81.9
47.0
18.5
16.4

83.5
46.7
20.4
16.4

82.3
46.3
20.3
15.7

90.7
53.9
20.2
16.6

90.4
53.1
20.2
17.1

90.4
52.9
21.5
15.9

491.9

517.8

501.6

518.6

522.7

528.3

545.1

553.0

1,460.9 1,507.0 1,496.2 1,500.6 1,497.6 1,533.7 1,513.7 1,525.6
449.0
314.2
134.8

443.6
302.7
140.9

446.9
307.0
139.9

445.2
305.8
139.4

442.7
299.0
143.6

439.8
299.1
140.7

437.8
291.7
146.1

434.9
290.7
144.1

625.3
608.8

658.0
642.2

644.8
633.4

652.8
639.9

660.2
645.9

674.1
649.8

671.5
659.9

676.0
663.5

16.5

15.7

11.4

12.9

14.3

24.3

11.6

12.5

172.2

186.1

176.7

182.9

187.8

197.0

190.0

193.6

186.8
217.5
177.1

183.6
214.3
172.7

182.5
212.8
172.0

184.8
215.5
174.7

183.6
214.9
172.6

183.5
213.9
171.4

179.3
208.3
165.1

189.7
217.7
173.4

40.5

41.6

40.8

40.8

42.2

42.4

43.2

44.3

30.7

30.7

30.2

30.8

31.2

30.4

29.1

28.0

27.6
31.7

35.7
37.4

45.2
44.6

35.1
37.4

23.3

393

26.1.

41.6

35.1
37.7

31.5
34.6

4.1

1.7

-.6

2.4

2.8

2.3

2.6

3.1

0

0

0

0

0

0

0

0

-282.7 -241.4 -283.5 -237.0 -224.9 -220.1 -176.2 -145.0
33.2

34.0

24.2

36.5

36.0

39.3

49.3

53.7

-315.8 -275.4 -307.6 -273.5 -260.9 -259.4 -225.5 -198.7




1993

1993

II

I

IV

III

Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other ..
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
Federal grants-in-aid
Expenditures
Purchases
Compensation of
emolovees
Other
Transfer payments to persons
Net interest paid
Interest paid
Less: Interest received by
government
Less: Dividends 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

II

1994

II

I

IV

III

842.9

891.0

865.0

884.3

896.0

918.8

919.1

934.2

159.1
118.1

166,1
123.3

160.2
118.1

166.1
123.4

167.9
124.9

170.2
126.6

172.9
128.7

175.3
130.6

21.8
19.1

22.7
20.1

22.3
19.7

22.5
20.2

22.8
20.2

23.2
20.4

23.5
20.7

23.7
21.1

24.2

30.3

27.7

30.0

29.7

33.7

32.3

35.4

423.1
202.1
177.5

440.7
212.4
184.0

433.7
208.4
181.8

437.9
210.6
183.3

442.4
212.8
184.8

449.0
217.8
186.4

454.2
220.7
188.0

459.5
224.0
189.8

43.5

44.3

43.5

44.0

44.8

44.9

45.6

45.7

64.5

67.8

66.7

67.5

68.2

68.9

69.7

70.5

172.2

186.1

176.7

182.9

187.8

197.0

190.0

193.6

818.1

864.7

843.4

859.0

872.1

884.3

893.9

908.5

676.3

704.7

690.2

701.2

710.2

717.4

722.0

731.4

461.7
214.6

483.0
221.7

475.4
214.8

480.6
220.6

485.9
224.3

490.2
227.2

497.1
224.9

503.4
228.1

229.0

250.4

242.4

247.7

252.9

258.6

264.3

270.7

-53.1

-53.4

-53.2

-53.3

-53.4

-53.6

-54.1

-54.6

64.8

65.1

64.9

65.0

65.1

65.2

65.3

65.5

117.9

118.4

118.1

118.3

118.5

118.8

119.4

120.1

10.1

10.4

10.2

10.3

10.4

10.5

10.7

10.8

-24.0
.4

-26.7
.4

-25.9
.4

-26.3
.4

-27.2
.4

-27.6
.4

-27.7
.4

-28.2
.4

24.4

27.1

26.3

26.7

27.5

27.9

28.1

28.6

0

0

0

0

0

0

0

0

24.8

26.3

21.6

25.3

23.9

34.5

25.2

25.7

66.4

66.3

66.3

66.4

66.3

66.2

65.9

65.8

-41.6

-40.0

-44.7

-41.1

-42.4

-31.7

-40.7

-40.1

SURVEY OF CURRENT BUSINESS

August 1994 • 17

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

Seasonally adjusted at annual rates
1992

1993

II

I

Government purchases 1,125.3
Federal
449.0
National defense
314.2
Durable goods
80.9
Nondurable goods
10.2
Services
.217.8
Compensation of
employees
135.9
Military
90.2
Civilian
45.8
Other services
81.8
Structures
5.3
Nondefense
134.8
Durable goods
6.6
Nondurable goods
7.7
Commodity Credit
Corporation
inventory change ...
-.6
8.4
Other nondurables
Services
109.9
Compensation of
employees
63.6
Other services
46.3
Structures
10.5
State and local
676.3
Durable goods
35.7
Nondurable goods . .
59.9
Services
486.2
Compensation of
employees
461.7
Other services
24.5
Structures
94.5

1992

1994

1993

IV

III

I

1993

II

I

II

1,148.4 1,137.1 1,146.3 1,152.9 1,157.2 1,159.8 1,166.3
443.6

446.9

445.2

442.7

439.8

437.8

434.9

302.7

307.0

305.8

299.0

299.1

291.7

290.7

70.6

75.0

66.6

64.6

64.2

9.0
218.6

74.3
10.5

66.7

9.5
218.1

216.7

9.2
218.2

9.2
219.1

7.9
214.5

7.4
215.0

135.8

136.9

135.4

136.2

134.4

135.3

135.9

88.3
47.5
82.4

90.2
46.7
81.7

89.0
46.5
81.2

87.6
48.7
81.9

86.4
48.0
84.6

87.1
48.2
79.2

87.1
48.8
79.1

4.5

4.3

4.3

5.0

4.4

4.7

4.3

140.9
7.2
7.2

139.9
6.8
8.1

139.4
7.2
6.8

143.6
7.4
6.9

140.7
7.3
7.2

146.1
7.4
7.5

144.1
7.4
7.2

-.3
7.6
114.8

-.4
8.5
113.2

-.5
7.3
114.2

-.8
7.6
117.6

.3
6.9
114.3

-.2
7.7
119.2

-.1
7.3
119.1

67.9
47.0
11.7

67.1
46.1
11.8

68.2
46.0
11.3

68.1
49.6
11.7

68.1
46.2
11.9

71.0
48.2
12.0

73.1
45.9
10.5

704.7

690.2

701.2

710.2

717.4

722.0

731.4

36.9
62.6

36.5
62.1

36.8
63.0

37.2
62.5

37.3
62.6

38.0
64.3

38.3
64.9

505.7

498.9

502.8

508.5

512.5

520.5

526.7

483.0

475.4

480.6

485.9

490.2

497.1

503.4

22.6
99.6

23.5
92.8

22.2
98.6

22.6

22.3

102.0

105.0

23.5
99.2

101.5

23.3

Government purchases
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

1994

1993

III

IV

II

I

936.9

929.8

926.5

929.3

931.8

931.5

919.9

916.3

373.5

356.6

361.6

358.3

355.6

351.1

341.7

333.9

261.4

243.7

248.2

246.8

240.9

238.7

228.5

224.9

74.3

64.8

67.6

67.7

62.5

61.4

57.9

57.0

9.4
173.3

8.6
166.9

8.2
169.1

9.2
166.6

8.5
166.2

8.4
165.7

7.4
159.8

6.8
158.0

102.2

96.5
63.0
33.4
70.4

98.9
64.6
34.2
70.2

97.3
63.5
33.7
69.3

96.0
62.6
33.4
70.3

93.7
61.3
32.4
72.0

92.5
60.5
32.0
67.3

91.4
59.6
31.8
66.7

66.8
35.4
71.1

4.4

3.4

3.3

3.3

3.6

3.1

3.4

3.0

112.2
7.2
7.2

113.0
8.0
6.4

113.3
7.2
7.4

111.5
7.8
6.1

114.7
8.7
5.8

112.4
8.5
6.4

113.2
7.5
6.5

109.0
7.7
6.2

-.4
7.5

-.3
6.8

-.3
7.7

-.3
6.5

.3
6.1

-.2
6.8

-.3
6.5

-1.0

6.8

88.6

88.5

88.5

87.9

90.1

87.4

88.9

86.3

49.7
38.9

50.1
38.4
10.3

49.6
38.3

9.7

49.2
40.9
10.1

49.4
38.0
10.2

49.4
39.5
10.2

48.4
37.9

9.2

49.6
38.9
10.1

563.3

573.1

564.9

571.0

576.2

580.4

578.3

582.4

31.6
51.8

32.1
53.6

31.9
52.9

32.0
53.3

32.2
53.9

32.4
54.4

32.7
55.2

32.8
55.6

394.3

399.1

397.2

398.2

399.8

401.2

404.0

405.9

360.1

363.6

362.1

363.1

364.0

365.1

366.5

368.1

34.2
85.7

35.5
88.3

35.1
82.9

35.0
87.5

35.7
90.4

36.2
92.4

37.5
86.4

37.8
88.1

Table 3.10.—National Defense Purchases

Table 3.11.—National Defense Purchases In Constant Dollars

[Billions of dollars]

[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
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support2l
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other

314.2

302.7

307.0

305.8

299.0

299.1

291.7

290.7

80.9

70.6

75.0

74.3

66.7

66.6

64.6

64.2

749
231

658

705

693

61 8

61 8

596

21.7
10.5

21.3
13.0

23.2
10.1

20.8

21.5

14.1

121
3.8
6.6
151
6.0

109
3.0
6.4
134
4.8

11 2
4.3
6.6
142
4.5

126
3.2
6.8
134
5.0

9.2
99
2.3
6.4
131
4.9

9.8
100
2.1
5.6
128
4.8

604
204
9.5
93
20
6.2
131
4.2

10.2

9.5

9.0

10.5

9.2

9.2

7.9

7.4

35
34
3.4

32
35
2.8

30
33
2.7

35
43
2.7

34
28
3.0

29
37
2.5

25
30
2.4

34
17
2.3

217.8

218.1

218.6

216.7

218.2

219.1

214.5

215.0

1359

1362
87.6
48.7
81.9

1344
86.4
48.0
84.6

1353

1359

871

871

48.2

17.5

9.6
11 6
1.8
5.6
137
4.5

1358

1369

1354

902

883

902

890

45.8

46.7
81.7

46.5

81 8

47.5
82.4

792

48.8
79.1

270

274

276

275

268

276

245

266

23.2

25.3

24.3

25.9

25.7

25.1

26.8

26.0

9.0

8.0

7.8

8.3

7.2

6.1

15.1

14.7

13.8

14.8

15.5

15.6

14.4

5.3
4.3

4.6
4.4

3.9
4.0

5.0
5.0

5.3
4.1

4.6
3.9
-33

4.3
3.4
-1 6

-2.0

-2.0

8.4
14.9

4.2
4.2
-2.0

81 2

7.4

-1.3

-3.2

-1.3

5.3

4.5

4.3

4.3

5.0

4.4

4.7

4.3

35
18

31
13

29
13

31
12

35
15

3.0
14

30
17

27
15

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 support2 1
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures
..
Military facilities
Other
. .

8.8

261.4

243.7

248.2

246.8

240.9

238.7

228.5

224.9

74.3

64.8

67.6

67.7

62.5

61.4

57.9

57.0

67.9

62.4

61.8

56.0

55.3

197

176

180

13.1

11.2

11.1

11.1

53.3
16.8
10.5

51.8

182

14.4

58.9
18.4
11.6

104
34
6.1

91
25
5.9

94
36
6.1

206

11.4

12.1

6.4

5.9

5.2

106
26
6.2
11 4
5.9

9.4

8.6

8.2

2.9
3.5
3.0

2.8
3.3
2.5

173.3
102.2

13.0

66.8
35.4

82
20
5.9
11.2

83
18
5.2
10.9

77
1.6
5.6
11.1

140
10.2

94
15
5.1
11.6

6.5

6.1

4.6

9.2

8.5

8.4

7.4

6.8

2.7
3.2
2.4

3.0
3.9
2.4

3.0
2.8
2.8

2.6
3.6
2.3

2.5
2.7
2.2

3.1
1.7
2.0

166.9

169.1

166.6

166.2

165.7

159.8

158.0

96.5
63.0
33.4

98.9
64.6
34.2

973

96.0
62.6
33.4

93.7
61.3
32.4

92.5
60.5
32.0

59.6
31.8

63.5
33.7

5.2

914

71 1

704

702

693

703

720

673

667

239

240

243

241

235

242

21 6

232

20.2

21.7

21.2

22.4

22.0

21.5

22.9

21.9

7.5

6.4

6.8

5.9

6.2

6.6

5.6

4.8

11.4

11.0

11.2

10.3

11.0

11.4

11.6

10.7

57
39
-1 5

50
3.7
-1 4

45
36
-1 5

41
35
-1 0

55
44
-23

58
35
-1 0

47
33
-23

42
29
-1 1

4.4

3.4

3.3

3.3

3.6

3.1

3.4

3.0

30
15

24
10

24
10

25
9

26
11

22
10

22
12

20
11

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.

l8 • August 1994

SURVEY OF CURRENT BUSINESS

4. Foreign Transactions.
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]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1992

1993

1993

I
Receipts from rest of the
world
Exports of goods and services
Merchandise l
Durable
Nondurable
Services l
. . . .
2

Receipts of factor income

IV

III

821.6

819.6

864.1

649.0
450.3
307.1
143.2
198.7

680.3
480.3
329.2
151.1
200.0

674.2
476.0
329.4
146.6
198.3

703.2
498.1
345.3
152.9
205.1

133.5 136.6 130.2 137.6 137.1

141.3

145.4

160.9

0

0

0

821.6

819.6

864.1

638.1
449.7
301.4
148.3
188.5

646.8
451.6
306.5
145.1
195.3

659.1
461.0
314.8
146.2
198.1

0

0

660.1
461.7
316.3
145.4
198.4

0

0

0

771.6 795.6 777.1 797.7 786.1

Imports of goods and services
Merchandise 1
Durable
Nondurable
Services1
... .

668.4
544.6
346.3
198.3
123.8

726.0
593.2
386.4
206.8
132.8

751.4
613.3
407.8
205.6
138.1

760.9
622.3
418.1
204.2
138.6

803.0
664.3
444.8
219.5
138.7

Payments of factor income3

127.9 132.1 122.2 134.3 128.6

143.3

146.1

166.1

26.7

40.1
24.3

29.0
10.5
11.6

30.0
10.5
12.5

5.9

6.9

Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment

696.4
569.3
368.4
200.9
127.1

724.3
592.1
385.5
206.6
132.2

31.8

31.5

9.5

9.9

16.5

15.7

-92.3

28.8

9.8

30.3

9.8

5.5

14.3

6.1

-68.3 -88.9

9.8

9.9

12.9

11.4

5.9

5.8

-56.6

723.5
592.6
379.6
213.0
130.9

6.1

-98.8

Exports of goods
and services .
Merchandise 1
Durable
Nondurable
Services *

Imports of merchandise
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
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products .....

37.7
28.8

42.5
1034

39.7
1041

37.8

41.0
1030

40.4
1032

32.7
29.3

33.2
28.9

36.4
28.3

26.7
29.5

34.5
30.6

34.2
31.3

266

284

276

285

284

293

286

305

24.9

26.2

25.3

25.2

26.7

27.7

26.8

27.8

298

283

262

285

282

301

278

301

14.9
14.9

14.1
14.1

13.1

14.3

14.1

15.1

13.9

15.1

131

143

141

151

139

151

39.0
1012

111 8
368 376 373 376 379 375 379 396
682 651 657 656 633 659 662 722
176.1 182.2 177.0 183.2 176.3 192.4 194.7 204.2
34.1
31.9
109.6 120.2 114.9 118.5 120.1 127.3 129.1 1382
52.7
50.4
52.4
55.0
54.3
55.9
47.0
51.5
55.4
51.4
54.7
58.3
53.7
55.2
56.9
52.8

544.6 592.1 569.3 592.6 593.2 613.3 622.3 6643
276 279 272 274 280 289 294 305
823

879

894

923

976 1028
39.2
46.7
43.0
41.4
43.3
48.7
526
40.8
43.2
451 465 461 457 488 502
45.9
516 51.5
47.6
515
57.2
50.1
41.6
51.0
134.3 152.4 142.9 150.5 152.9 163.2 170.5 179.4
889

859

11.7
10.4
12.4
12.6
10.6
11.3
11.3
37.1
44.4
38.0
38.9
40.3
41.8
35.9
900 1031 964 101 6 1036 1106 1174 1224
91.8 102.4 100.6 101.7 101.5 105.9 108.1 116.4

12.6
31.7

122.7 134.0 128.8 132.7 136.6 137.9 137.8 144.5
639 702 676 685 71 4 732 721 768
587 638 61 2 642 653 647 657 677
34.3
329 352 347 375 374 392
35.1
172 175 164 176 174 188 187 196
172 175 164 176 174 188 187 196
44.0

43.7

43.7

43.6

42.1

45.4

43.7

43.8

405.6 417.3 407.8 418.1 408.1 435.0 432.2 454.4
493.0 540.6 518.3 535.4 543.1 565.7 580.7 612.8

1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials,
and of nondurable consumer goods, except automotive.




589.2
433.9
301.2
132.7
155.3

600.2
443.3
310.4
132.9
156.9

595.3
438.5
308.0
130.5
156.7

109.2 109.1 104.7 110.1

Imports of goods
and services
Merchandise l
Durable
Nondurable
Services 1

611.2
512.8
333.4
179.4

Payments of factor income3

102.8 103.4

676.3
572.7
380.9
191.8
98.4 103.6

646.8
546.6
361.0
185.7
100.1
96.1

669.6
567.4
373.7
193.7
102.2

IV

II

625.2
468.1
330.6
137.5
157.1

619.6
464.4
332.6
131.7
155.2

642.7
483.5
347.9
135.6
159.2

109.4 112.4 114.8 126.2
681.6
577.1
384.0
193.0
104.5

707.4
599.9
405.1
194.8
107.6

105.3 100.4 111.7

723.6
615.2
417.7
197.5
108.5

755.6
647.4
442.9
204.6
108.1

113.2 128.1

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 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of 1987 dollars]
Exports of merchandise

449.7 461.0 451.6 461.7 450.3 480.3 476.0 498.1
40.7
1027

III

I

7.0

[Billions of dollars]

40.3
1051

II

Receipts of factor income2

Table 4.3.—Exports and Imports of Merchandise by End-Use Category

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

602.5
446.0
312.5
133.4
156.5

1994

I

-113.2 -116.4 -135.0

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.

Exports of merchandise

578,8
426.5
291.4
135.2
152.3

1993

1993

II

I

771.6 795.6 777.1 797.7 786.1

Capital grants received by the
United States (net)
Payments to rest of the
world

II

1992

1994

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
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
Addenda:
Exports of agricultural products l .......
Exports of nonagricultural products ...
Imports of nonpetroleum products .....

426.5 446.0 433.9 443.3 438.5 468.1 464.4 483.5
358
974

356
947

32.1

31.0
63.7

365
94.8
31.2
63.6

359
943
30.6
63.6

338

362

330

320

93.4
31.1
62.3

96.4
31.0
65.4

95.4
30.8
64.5

99.8
32.2
67.7

21.1
68.5

27.0
74.0

26.8
76.9
1130
47.7
47.3
25.2

653
180.7 197.6 188.6 195.4 194.6 211.9 216.7 226.8
30.7
53.9

25.9
66.6

960 1051
41.9
44.4

46.3
46.9

236
209
263
132

252
21 7
248
124

13.2

12.4

26.6
60.9

29.0
62.9

101 1 1035

105.0 1109

26.5
79.3

121 0
49.0
49.8
26.9

48.6
48.6
25.9

227

221

229

25.0

44.6
47.3
25.3
22.1
24.8

26.4

24.2

26.1

125

124

132

121

130

12.5

12.4

13.2

12.1

13.0

45.5
45.3
24.3

46.6
46.2
25.3

21 0
231
11 6

209

11.6

512.8 572.7 546.6 567.4 577.1 599.9 615.2 647.4
257

256

259

256

25.3

721
338
382

782
371
41 1

754
351
403

771
356
41 5

793
377
41 6

79.7

87.4

87.2

87.1

86.4

257

262

262

81 1 855 893
400 41 8 445
41 1 438 448
56.7
57.7
53.4
51.2
581 565 604
56.5
149.2 180.9 165.9 176.7 183.6 197.3 207.8 219.5
8.2
10.2
9.7
9.3
8.5
8.9
9.8
8.8
87.8
60.4
99.7 107.0
80.0
73.3
83.9
94.6
84.1
87.6
87.4
88.0
78.5
930 992 1026
88.9

90.3

96.6

104.9 113.9 110.2 112.8 115.9 116.7 116.9 122.2
556 604 585 591 61 3 628 61 9 657
493 535 51 6 537 546 539 550 565
287 305 29.9 320 320 332
30.3
30.0
15.1
14.9
15.2
14.4
15.0
160 16.0 166
150 151 144 152 149 160 160 166
39.8

38.6

39.1

39.3

36.9

39.1

36.6

37.5

386.7 407.4 394.8 404.0 401.6 429.1 427.8 446.0
461.6 516.3 493.2 509.7 520.4 541.8 558.6 587.0

1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials,
and of nondurable consumer goods, except automotive.

SURVEY OF CURRENT BUSINESS

August 1994 •

5. Saving and Investment.
Table 5.1.—Gross Saving and Investment
Seasonally adjusted at annual rates
1992

1993

1993

I

Gross saving
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
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy

II

1994

II

I

IV

III

825.8

886.2

914.3

760.1

775.0

788.9

980.8 1,002.5 1,022.0
247.9 192.6
184.6

986.6
214.0

989.9 1,011.4 1,037.3 1,033.7
182.3 189.4 175.5 191.3

94.3
85.1

120.9

94.5
84.7

110.7

130.3

94.1

95.6

-6.4

-6.2

-11.2

-10.0

15.7

29.5

21.0

26.5

31.7

396.8

407.8

402.3

404.8

261.8

261.2

260.6

257.2

-20.0

20.0

80.0

722.9

787.5

97.5

0

147.9
115.6

127.7
103.0

143.4
119.1

-6.5

-12.3

-12.5

38.8

37.0

36.8

413.3

411.1

432.2

426.6

264.1

263.0

301.8

272.3

3.0

0

0

0

0

-257.8 -215.0 -261.9 -211.6 -201.0 -185.6 -151.1 -119.3
-282.7 -241.4 -283.5 -237.0 -224.9 -220.1 -176.2 -145.0
26.3

24.8

0

0

21.6

25.3

0

0

23.9

0

34.5

0

25.7

25.2

0

0
850.2

896.7

731.7

789.8

785.5

780.8

783.4

788.3
-56.6

882.0
-92.3

853.8
-68.3

869.7
-88.9

882.2 922.5 966.6 1,031.7
-98.8 -113.2 -116.4 -135.0

8.8

2.3

25.5

5.7

-5.5

809.3

-16.5

-17.7

-36.1

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

1993

I

Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
eauioment 1
Other
Industrial equipment
Transportation and related
eauiDment ... .

ota_!!...::::::::::::::::::::::::::

Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment

785.2 866.7
561.4 616.1
171.1 173.4

III

IV

I

609.3 619.0 646.3 665.4 683.4
172.3

173.9 176.7 172.7 181.4
119.0

127.0

34.7

34.4

34.9

34.2

34.1

34.4

34.7

35.5

11.8

12.2

12.7

12.8
10.1

12.0

11.4

11.1

11.1

9.9

9.2

9.0

9.1

8.6

7.9

7.9

390.3 442.7 419.2 437.0 445.1 469.6 492.7 502.0
132.0

151.5 140.4 146.1 155.0 164.4
42.5
97.8
91.5

169.3 177.0
52.6

53.4

36.5
95.5
86.0

104.5

91.5
80.8

104.2 100.0 107.3 101.4 107.9 118.6 112.5
90.7
94.4
90.4
87.4
89.0
97.8 101.5

47.0
96.7

44.8

49.1

51.5

116.7 123.6
101.4 105.9 112.9
94.6
97.9 102.9 107.0 111.0

223.8 250.6 243.9 241.8 249.3 267.2 277.1 284.1
216.5 242.8 236.4 234.2 241.5 259.2 269.1 275.8
152.5 156.5
116.5 133.3 129.9 128.1 132.0 143.2
13.1
86.9

7.3

10.8
98.8

7.7

10.6
95.9

7.5

10.3
95.8

7.6

11.2
98.3

7.8

11.1

11.4

13.0

105.0 105.2 106.4
8.0

8.0

8.3

1993

1993

I

II

851.1 868.3 913.5 942.5 967.5

114.7 117.6 114.0 115.2 118.7 122.3

1. Includes new computers and peripheral equipment only.




833.7
589.8
170.6

II

1992

1994

Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment l
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment

II

1994

III

IV

I

II

722.9 804.6 770.7 787.3 808.8 851.7 873.4 891.9
525.9 591.6 560.3 581.0 597.9 627.2 643.6 657.9
149.8 147.7 147.2
100.8

100.0

147.3 147.5

29.9

28.8

98.4
29.7

98.5
28.7

10.3

10.7

11.1

11.2

8.9

8.2

8.0

9.0

148.7 144.1 150.7

100.5 102.7
28.5
10.5

8.0

28.5

9.9
7.6

99.2
28.4

9.6
6.9

105.2
28.8

9.7
6.8

376.2 443.9 413.0 433.7 450.3 478.5 499.4 507.3
156.8 200.9 178.7 190.8 208.9 225.2 233.2 242.0
68.3
88.5
71.7
78.3
69.4

105.4
95.5
79.2
87.8
76.1

88.8
89.8
75.6

98.0
92.8
77.5

84.5
74.3

90.4
74.9

112.2 122.5 127.2 130.2
96.7 102.7 106.0
111.9
79.9

83.6

86.4

88.9

85.3
76.2

90.9
78.9

98.5
81.3

92.6
83.7

196.9 213.0 210.4 206.3 211.0

224.5 229.9 234.0

189.9 205.7 203.2 199.1 203.5 216.9 222.4 226.2
102.4
112.1 111.2 108.5 110.2 118.3 125.1 127.7
11.7
9.6
9.2
9.5
9.9
9.7 10.0
11.2
75.8

7.0

84.1

7.4

1. Includes new computers and peripheral equipment only.

82.5

7.2

81.3

7.2

83.5

7.5

88.9

7.6

87.3

7.5

87.3

7.8

SURVEY OF CURRENT BUSINESS

2O • August 1994

Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars

Table 5.10.—Change in Business Inventories by Industry
[Billions of dollars]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

1992

1993

1993

I
Change in business inventories
Farm
Nonfarrn
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
.
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods

II

9.0

15.4

20.1

18.6

13.9

5.7

-4.7

-1.6

-5.3

-10.3

-1.7

20.1
28.4
-8.3

21.6
37.6

23.9
38.1

24.2
19.6

-15.9

-14.2

10.7
18.4
-7.7

-2.0
-2,3

-2.9
-5.9

6.4
-9.1

4.7

.3

3.0

3.2
-.1
3.4

2.5 -10.8
2.6 -5.5
-.1 -5.2

7.5
3.8
3.7

4.9
2.2
2.8

2.9
0
2.9

7.5
.8
6.7

8.1
7.1
1.0

7.4
3.9
3.4
.1
-.1
.2

5.0
2.1
2.9
-.1
.1
-.2

2.2
-.3
2.5
.7
.3
.4

7.0
2.3
4.7
.5

-11.9
-15.0
3.1

3.9
.6
.7
-.1
3.3
-2.2
-2.4

.2

5.3
_ -|
5^4
5.1

10.5

6.9
3.5
3.4

-5.0
-3.3
-1.7

6.5
4.1
-2.5

.6

2.0

-3.1

1.8
.8
-.9
1.8
1.0

26.7
16.3
14.4

10.3

10.6

-1.5

1.8

1.8

8.2
7.7
6.4
5.8
.6

3.6

-18.3

-20.8

1.1
J
.4

-2.0

.1
-.2
.3
1.0
.9
.1

-3.2
-2.2
-1.0

9.9
1.1

64.2

60.5
81.4

8.3
5.3
2.9

-1
-2.0

3.8
7.7
-3.9
17.4
17.6

-.2
15.6
17.2
-1.7

1.1
2.1

1.8
.3
1.5

-1.0

2.7
6.2
3.0
3.2

27.4

8.1

-3.5

-2.7
10.8
19.2

13.3

11.9

14.7

9.2
5.5

1993

1993

I

II

22.3
40.6

-5.4

-8.7

2.2
9.1

24.1

5.7
4.6

7.2
-.5

11.3

I

IV

III

3.0

-2.7

Seasonally adjusted at annual rates
1992

1994

Change in business inventories
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods . .
Nondurable goods

II

1994

IV
10.8

2.5

15.3

18.5

18.9

13.0

4.5

-3.2

-1.2

-3.9

-7.9

-2.0

18.5

19.7

22.8

20.9

-10.2
-13.1
2.9

-1.3

10.7

.5

3.1

6.5
3.4
3.1

4.3
2.0
2.4

2.6
-.1
2.7

7.3
.9
6.4

6.8
6.4
.4

6.4
3.5
2.9
.1
-.1
.2

4.4
1.9
2.5
0
.1
-.2

2.1
-.3
2.4
.6
.2
.4

6.8
2.2
4.6
.5

9.1
5.9
3.3

3.6
.6
.6
0
3.0

9.1
4.7
0
4.7
4.4

23.2
14.1
12.6

5.9
2.9
3.0

-4.3
-2.9
-1.4

.2

-1.8
-4.9

2.5
2.5
0

1.8
1.8
1.0
-.8
1.8
.8

1.5
9.1

.7
.8
0
4

.5
29

-.3
-.1
1.1
1.0
.1

6.2
3

5.0
4.0

-7.4

22.1

9.9
6.8
3.1
-1.0

.3
-1.3
-2.0
-1.8

-.1
1.0
2.2
12
2.0
5.0
2.5
2.5

-4.5

7.0
6.5

9.8
1.9
7.9

3.3

-7.7
-3.5
-4.2

-2.3

-1.3

25.4

.1

3.9
.8
3.1

-1.9
-2.1

-.8

8.5
1.1

5.3
5.0
.3

II

I

III

12.7

Inventories l
Farm
Nonfarm
Durable goods

1993

1994

.

Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
.
Nondurable goods
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
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

95.6

96.7

97.6

99.1

95.2

1,022.6 1,027.4 1,034.6 1,040.8 1,046.6 1,071.6
569.9 571.2 576.1 582.9 588.0 603.8
452.7 456.2 458.5 457.9 458.6 467.7
397.9
246.2
151.7

397.3
245.8
151.5

397.0
245.8
151.2

394.6
245.2
149.4

395.9
246.3
149.6

402.1
251.6
150.6

252.9
157.5

254.6
158.2

257.5
160.4

259.9
161.7

260.0
162.4

265.6
167.1

95.3

96.4

97.1

98.2

97.7

98.5

224.6
139.9

226.3
141.0

230.0
143.2

232.2
144.1

231.8
144.1

237.0
148.9

84.7
28.3
17.7
10.6

85.3
28.3
17.2
11.1

86.9
27.5
17.2
10.3

88.0
27.7
17.5
10.2

87.8
28.2
18.3

88.1
28.6
18.3
10.4

276.1
130.7

277.2
131.7

279.7
132.4

282.0
135.4

283.0
136.6

68.2
62.5

69.0
62.7

67.0
65.4

66.8
68.6

67.5
69.2

68.5
72.3

151.8

9.9

292.6
140.9

145.5

145.5

147.3

146.6

146.4

95.6

98.3

100.4

104.4

107.7

111.1

438.1

442.8

447.4

457.1

462.6

467.4

238.8

241.5

243.0

250.8

253.9

255.8

2.56
2.33

2.54
2.32

2.53
2.31

2.49
2.28

2.48
2.26

2.50
2.29

4.28

4.25

4.26

4.15

4.12

4.19

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.




I

II

1,122.0 1,123.0 1,131.3 1,138.4 1,145.7 1,166.7
99.5

1.7
.2
1.5
23.3

6.9
-2.1

9.1

3.5
6.9

Seasonally adjusted quarterly totals

Seasonally adjusted quarterly totals

I

-.5
13.0
15.0
-2.0

10.4

7.5
3.7

[Billions of 1987 dollars]

IV

14.7
15.2

11.3

7.7
5.0

[Billions of dollars]

III

-^.1

4.2
7.7

9.1
4.2

1993

3.3
7.4

16.4

Table 5.13.—inventories and Final Sales of Domestic Business
by Industry in Constant Dollars

II

4.6
51.8

-3.0

Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry

I

§6.3

Inventories l
Farm
Nonfarm
Durable goods

Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods ..
Nondurable goods
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
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

II

993.1

1994

I

IV

III

II

997.9 1,001.1 1,003.8 1,010.2 1,024.2

88.4

87.4

85.5

85.5

86.3

87.5

904.7
510.2
394.5

910.4
511.4
399.0

915.6
514.8
400.9

918.3
517.0
401.3

923.8
521.9
401.9

936.8
530.2
406.6

360.0
226.5
133.4

361.0
226.7
134.2

361.6
227.4
134.2

359.7
226.5
133.2

362.1
228.2
133.9

363.0
230.1
132.9

220.2
138.9

222.0
139.1

223.7
140.7

223.9
140.9

223.7
140.9

227.3
144.8

81.4

83.0

83.1

83.0

82.7

82.6

195.4
123.3

197.1
123.9

199.3
125.3

199.2
125.3

198.7
124.8

202.0
128.6

72.0
24.8
15.5

73.2
25.0
15.2

74.0
24.4
15.3

74.0
24.7
15.6

73.9
24.9
16.1

73.4
25.3
16.2

9.3

9.8

9.1

9.1

8.8

9.2

239.4
114.7

239.9
114.9

241.4
114.9

242.7
115.9

243.2
117.1

249.0
118.8

60.8
53.9

60.6
54.3

58.8
56.1

57.6
58.2

58.3
58.9

57.7
61.1

124.7

124.9

126.5

126.8

126.1

130.1

85.1

87.6

88.9

92.1

94.9

97.5

361.1

363.5

366.7

373.4

375.6

377.0

206.0

208.2

210.0

216.3

217.5

218.4

2.75
2.51

2.75
2.50

2.73
2.50

2.69
2.46

2.69
2.46

2.72
2.49

4.39

4.37

4.36

4.24

4.25

4.29

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.

SURVEY OF CURRENT BUSINESS

August 1994 • 21

6. Income, Employment, and Product by IndustryTable 6.1 C.—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

II

I

National income
without capital
consumption
adjustment
Domestic industries
Private industries
Agriculture, forestry, and
fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Government
Rest of the world

III

IV

I

I
II

4,875.3 5,156.4 5,066.7 5,120.2 5,162.1 5,276.7 5,350.3 5,441.7
4,869.8 5,151.9 5,058.7 5,116.8 5,153.5 5,278.7 5,351.0 5,447.0
4,131.4 4,386,7 4,299.3 4,355.4 4,385.2 4,507.0 4,567.5 4,653.9
100.2

106.0

40.4

40.3

40.6

73.4
39.8

103.8

38.8

40.9

1079
39.7

203.3

215.4

208.8

212.5

217.7

222.7

227.9

862.8
483.7
379.1

911.9
514.3
397.6

881.0
490.8
390.2

908.1
509.2
398.9

913.1
518.2
394.9

945.5
539.1
406.4

967.1
554.9
412.2

361.8
153.4
102.6

384.8
166.1
107.6

378.2
161.6
105.7

380.8
163.8
108.5

388.1
168.9
108.4

392.2
170.2
107.7

391.0
169.3
110.1

105.8

111.1

110.9

108.5

110.9

114.3

111.6

279.5
420.3

288.6
444.9

280.9
437.5

290.9
441.2

288.3
449.4

294.3
451.4

300.2
455.8

951

972

:::::

781.3 846.0 834.1 836.2 848.4 865.2 860.7
1,083.3 1,159.6 1,132.5 1,147.9 1,167.1 1,190.9 1,217.2
738.4

765.2

759.3

761.5

768.3

5.6

4.5

8.0

3.3

8.5




771.7
-1.9

783.5
-.7

1993

1993

1994

1993

1993

1992

793.1
-5.2

Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
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

II

1994

III

IV

I

II

405.1 485.8 442.5 473.1 493.5 533.9 508.2 547.3
344.5 420.5 375.0 410.4 424.3 472.2 447.1 486.1
90.3
74.9
90.0 100.6
86.0
81.5
67.9
89.5
276.6 330.9 293.5 324.4 334.3 371.6 372.2 395.8
60.6
65.4

4.8

65.3
74.2

8.9

67.5
71.5

4.0

62.7
75.3
12.6

69.1
75.2

6.1

389.4 456.2 421.5 446.6 461.7

61.7
74.7

61.1
77.6

61.2
80.0

13.0

16.6

18.8

495.1 471.2 510.6

328.8 391.0 354.0 383.8 392.6 433.4 410.1 449.4
100.1 103.9 114.6 89.6 106.0
95.9
81.9 103.7
17.8
64.2

16.0
87.7

16.4
79.6

15.9
84.2

15.7
88.2

15.8
98.8

16.0
73.6

16.9
89.1

246.9 287.3 258.0 283.7 288.7 318.8 320.5 343.4
96.2 114.2 112.4 134.2 145.1
94.5 114.2
35.5

-.4
7.5

61
9.0

49.4

.2
6.8
74
11.9

4.1

34.1
-1.3

5.7

56
10.4

-.9

47.2

.6
7.0
71
9.1
4.0

-1.5
14.8
58.9
17.5

19.0
64.9
16.9

14.6
62.1
19.1

19.4
67.0
16.4

15.8
-1.4
27.1
55.6
54.8
42.0
60.6

17.5
25.8
65.0
61.2
46.9
65.3

18.6
-1.7
26.1
61.3
56.0
44.7
67.5

27.7
61.9
63.3
44.3
62.7

4.7

16.9

6.0

52.2

_2
6.7

91
13.0

3.1
20.4
60.2
16.3
15.7

5.4
22.9
67.0
62.0
47.3
69.1

64.0

1.8
7.8

76

71.4

.2
9.0
93

14.9

16.6

10.3
21.5
70.2
15.9

14.4
21.8
73.8
20.9

18.8

9.1
26.4
69.7
63.7
51.3
61.7

18.4

5.5
29.0
63.4
59.0
53.0
61.1

" 81 2

SURVEY OF CURRENT BUSINESS

22 • August 1994

7. Quantity and Price Indexes.
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1987=100]
Seasonally adjusted

Seasonally adjusted

1992

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 weignts
Imnlint nrirp ripflfltnr

Gross private domestic investment:
Current dollars
Quantity indexes:
PivoH 1QR7 u/oinhtQ

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
Imolicit orice deflator




II

1992

1994

1993

1993

III

IV

132.6 139.7 137.4 138.8 140.1 142.7

I

II

144.8 147.3

109.7 113.1 111.8 112.5 113.2 114.9 115.9 117.0
109.4 112.2 111.2 111.7 112.2 113.6 114.5 115.6
109.3 112.0 111.0 111.5 112.0 113.4 114.3 115.4
121.9
121.2
121.4
120.9

125.5
124.6
124.8
123.5

135.5 143.4

124.4
123.6
123.8
122.9

125.2
124.3
124.5
123.4

140.7 142.4

125.8
124.9
125.1
123.7

126.6
125.6
125.8
124.1

144.2 146.4

127.5
126.6
126.8
125.0

128.5
127.5
127.7
125.9

148.6 150.3

109.7 113.3 112.0 112.7 113.8 114.9 116.2 116.6
109.3 112.5 111.3 111.9 112.9 113.9 115.1 115.5
109.3 112.5 111.3 111.9 112.9 113.8 115.1 115.5
124.6
124.1
124.1
123.5

128.1
127.5
127.5
126.6

127.0
126.5
126.5
125.7

127.8
127.3
127.3
126.4

128.3
127.7
127.7
126.8

129.1
128.6
128.6
127.5

129.8
129.2
129.2
127.9

130.7
130.2
130.2
128.9

122.0 133.3 127.8 131.6 134.2 139.4 142.7 144.1
112.1 121.4 117.0 119.8 122.0 126.5 129.2 129.6
110.6 118.8 114.9 117.5 119.3 123.3 125.7 125.8
110.7 118.9 115.1 117.7 119.5 123.4 125.9 126.0
111.6
110.4
110.2
108.9

113.9
112.2
112.1
109.8

112.7
111.2
111.1
109.2

113.7
112.0
111.8
109.8

114.3
112.5
112.3
110.0

115.0
113.1
113.0
110.2

115.5
113.6
113.4
110.5

116.7
114.6
114.4
111.2

128.1 132.4 131.3 132.0 132.5 134.0 135.4 136.6
104.6 106.7 105.8 106.3 107.0 107.6 108.6 109.2
107.2 108.2 108.7
104.4 106.3 105.5 105.9 106.6
104.4 106.3 105.5 105.9 106.6 107.1 108.1 108.7
123.0
122.7
122.7
122.5

125.0
124.6
124.6
124.2

124.7
124.4
124.4
124.0

143.4 152.7 149.7

125.0
124.6
124.6
124.2

124.7
124.3
124.4
123.9

125.4
125.0
125.1
124.6

151.6 153.8 155.8

125.4
125.2
125.2
124.6

125.9
125.6
125.6
125.1

158.2

160.3

112.3 115.4 114.5 114.9 115.9 116.5 117.6 118.0
112.0 114.8 113.9 114.3 115.3 115.8 116.9 117.3
117.3
112.0 114.8 113.9 114.3 115.3 115.8 116.9
128.7
128.3
128.3
127.7

133.5
133.0
133.0
•loo q

131.9
131.5
131.5
130.8

133.1
132.6
132.6
131.9

105.2 117.7 113.9 116.1
96.8
95.5
95.5

133.9
133.5
133.5
132.7

135.0
134.5
134.5
133.8

117.7 123.1

135.9
135.5
135.5
134.4

137.0
136.6
136.6
135.9

129.0

137.7

109.4 105.3 107.6 109.7 115.1 120.0
126.6
114.1 121.0
105.4 102.6 104.1 105.2 109.6
114.1 120.9
105.4 102.7 104.1 105.2 109.6

108.6 119.9

115.3 117.7

120.1 126.4 130.4 133.8

100.0 111.3 106.6 108.9 111.9 117.8 120.8 123.4
103.2 104.8 106.6 111.8 114.6 116.9
98.0 106.6
98.5 107.2 103.8 105.3 107.2 112.4 115.1 117.5
112.0
110.9
110.3
108.6

114.4
112.4
111.9
107,7

114.7 115.3 116.2 117.0
113.3 114.1
111.7 112.3 112.7 113.0 113.8 114.6
111.2 111.7 112.1 112.4 113.3 114.0
1081 1074 1073
1079
108.5
10R?

1993

1993

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

112.8 123.8 118.5

II

1994

III

IV

I

II

122.4 124.4 129.8 133.7 137.3

105.7 118.8 112.6 116.7 120.1 126.0 129.3 132.2
102.8 112.1 107.6 110.9 112.5 117.4 120.3 122.8
103.5 112.9 108.4 111.6
113.3 118.1 121.1 123.6
111.2
109.7
109.0
106.7

113.0
110.4
109.7
104.1

112.2
110.0
109.3
105.3

99.9

101.2

99.6

87.4

86.2

85.9

86.0

86.1

86.8

84.1

87.9

87.5

86.2

86.0

86.0

86.1

86.8

84.2

88.0

87.5

86.2

86.0

86.0

86.1

86.8

84.2

88.0

114.1
114.2
114.2
114.2

117.3
117.4
117.4
117.4

115.8
115.8
115.8
115.9

116.9
116.9
116.9
116.9

117.8
117.9
117.9
117.9

118.8
118.8
118.8
118.8

119.7
119.7
119.7
119.8

120.3
120.3
120.3
120.4

112.8
110.4
109.6
104.9

113.3
110.5
109.8
103.5

113.7
110.7
109.9
103.0

114.4
111.3
110.5
103.4

115.1
111.9
111.2
103.9

100.6 101.5 103.1 100.8 105.9

119.6 135.6 128.4 133.9 136.3 143.8 150.9

153.8

115.2 136.0 126.5 132.8 137.9 146.6 153.0 155.4
111.2 126.5 119.6 124.7 127.2 134.4 140.5 142.3
141.4 143.3
112.1 127.4 120.6 125.6 128.2 135.3
109.7 110.7 110.3
107.5 107.2 107.3
106.7 106.5 106.6
103.8 99.7 101.5
99.4

110.7 110.9 111.1 111.7 112.5
107.4 107.2 107.1 107.5 108.2
106.6 106.4 106.3 106.7 107.4
98.7
100.8 98.8
98.1
99.0

111.2 108.3 107.3 110.7 118.6 123.0 126.2

87.4

94.6

93.4

91.6

93.7

99.7

87.4
87.4

94.6
94.7

93.4
93.5

91.6
91.7

93.6
93.7

99.7
99.8

113.6
113.7
113.6
113.7

117.4
117.6
117.5
117.6

115.7
115.9
115.8
115.9

116.9
117.2
117.1
117.2

118.0
118.2
118.1
118.2

118.8
119.0
118.9
119.0

102.1 103.9
102.1 103.9
102.2 104.0
120.2
120.4
120.3
120.5

121.1
121.4
121.3
121.4

175.3 181.1 177.7 181.4 178.3 186.9 185.3 193.2
159.0 165.5 161.9 164.9 163.6 171.8 170.2 176.6
155.5 159.7 157.1 159.8 157.2 164.8 162.4 168.4
156.5 160.8 158.2 160.9 158.3 165.8 163.5 169.5
113.9
112.8
112.0
110.2

115.3
113.4
112.6
109.4

114.7
113.1
112.4
109.8

131.8

142.9 137.3 142.7 143.2 148.2 150.1 158.4

115.3
113.5
112.8
110.0

115.4
113.4
112.7
109.0

115.6
113.5
112.7
108.8

116.7
114.2
113.5
108.8

117.4
114.9
114.2
109.4

120.5 133.4 127.6 132.1 134.4 139.5 142.7 149.0
116.3 126.7 122.0 125.7 127.2 131.7 134.4 139.9
117.5 127.9 123.3 127.0 128.5 132.9 135.6
141.2
115.4
113.6
112.5
109.4

115.2
112.8
111.7
107.1

114.7
112.6
111.5
107.7

115.9
113.5
112.4
108.1

115.0
112.5
111.4
106.5

115.3
112.5
111.4
106.2

114.5
111.6
110.5
105.2

116.4
113.3
112.2
106.3

SURVEY OF CURRENT BUSINESS

August 1994 • 23

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

Se asonally adjust ed

1992

19 93

1993

I

II

Government purchases:
127.7 130.3 129.0 130.0
Current dollars
Quantity indexes:
1063 1055
Fixeo 1987 weights
1051 1054
Chain-type annual weights
Benchmark-years weights
Price indexes:
120.8 124.5 1235 124.3
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
1201 1235
1227 1234
Implicit price deflator
Federal:
116.6 115.2 1161 115.6
Current dollars
Quantity indexes:
970 927 939 931
Fixea 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
121.5 126.1 125.0 125.7
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
120.2 124.4 123.6 124.2
Implicit price deflator
National defense:
107 fi 1037 105.1 1047
Current dollars
Quantity indexes:
83.4
85.0
89.5
84.5
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
122.0 126.6 125.6 126.0
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
120.2 124.2 123.7 1?39
Implicit price deflator
Nondefense:
1451 1517 1507
150.1
Current dollars
Quantity indexes:
120.8 121.7 122.0 120.1
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
119.8 1243 1230 1247
Fixed 1987 weights
Chain-type annual weights . ..
Benchmark-years weignts
120.2 124.7 1?3fi 125.0
Implicit price deflator
State and local:
1362 141 9 1390
Current dollars
141 2
Quantity indexes:
113.4 115.4 113.8 115.0
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
1203 1234 1224 1232
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
120.1 123.0 122.2 122.8
Implicit price deflator

1992

19 34

III

IV

I

1057

1057

1044

1039

124.9

1254

126.7

1283

1237

1242

1261

1273

115.0 1142

113.7

1130

924

91 2

888

867

126.5

1270

128.5

131.1

124.5

125.3

128.1

130.2

102.4

102.4

999

996

82.5

81.7

78.2

77.0

127.0

127.9

129.0

131.2

124.1

125.3

127.7

129.3

1546

151 4 157.3

1552

123.5

121.0

121.8

117.4

1251

1244

1272

1309

125.2

125.1

129.1

132.2

1430

1445

1454

1473

116.0

116.9

116.4

117.3

1237

124 1 1253

1261

123.3

123.6

125.6

124.9

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.




I

II

130.8 131.3 131.6 132.3

1993

1993

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 product1:
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 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 weignts
Implicit price deflator

II

1994

III

IV

I

II

132.6

139.7

137.4 138.8 140.1 142.7 144.8 147.3

109.7

113.1

111.8 112.5 113.2 114.9 115.9 117.0

121.9 125.5 124.4

125.2

125.8

126.6

127.5

128.5

122.9

123.4

123.7

124.1

125.0

125.9

133.3 140.2 137.7

120.9 123.5

139.2

140.6

143.3

145.1

146.7

110.3 113.4 112.0 112.7

113.6

115.4 116.0

116.4

122.0 125.6 124.5

125.3

125.9

126.7

127.7

128.6

120.9 123.6 122.9

123.5

123.8

124.2

125.1

126.0

129.2 136.8 134.2

135.9

137.4

139.9

142.2

144.9

107.0 111.2 109.6

110.5

111.6

113.2

114.6

115.8

121.8 125.2 124.1

124.9

125.4

126.2

127.0

128.0

122.5

123.0

123.2

123.6

124.2

125.1

136.2

144.3

120.7 123.0

137.9

140.4

142.5

110.7 111.9

113.6

114.7 115.2

125.3 124.2

125.0

125.5

126.3

127.1

128.1

120.7 123.1 122.5

123.1

123.2

123.6

124.3

125.2

129.9 137.3 134.5
107.6 111.5

121.9

109.8

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.

SURVEY OF CURRENT BUSINESS

24 • August 1994

Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product

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

1992

1993

1993

I

II

1994

III

IV

I

132.6 139.7 137.4

138.7 140.1 142.5 144.7 147.0

109.7 113.1 111.9 112.4 113.3 114.8 115.8 116.8

121.8 125.4 124.4 125.1 125.7 126.5 127.5 128.4
120.9 123.5 122.8 123.3 123.7 124.1 124.9 125.8

Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights ...

164.5 169.6 165.7 170.1 167.6 175.2 174.8 184.3
146.7 151.7 147.9 151.5 150.2 157.3 156.6 163.9

Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights ...

175.3 181.1 177.7 181.4 178.3 186.9 185.3 193.2
147.5 154.5 150.3 153.7 153.4 160.4 161.2 168.0

Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights ...

132.6 139.7 137.4 138.7 140.1 142.5 144.7 147.0
109.8 113.4 112.1 112.7 113.6 115.2 116.3 117.2

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.4.—Price indexes for Persona! Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures

111.6

Motor vehicles and parts
Furniture and household equipment ..
Other
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

112.7

113.7 114.3 115.0 115.5 116.7

112.4 116.1 114.2 115.5 117.0 117.8 118.3 119.7
103.9 104.3 103.8 104.1 104.2 104.9 105.3 105.9
124.2 126.8 126.1 127.2 126.8 127.1 1?R3 129.9
1?30

;.

113.9

1?50

124.7 125.0 1?47

1?54

122.0 124.4 123.3 124.1 124.5 125.6
1179 119.2 1196 1190 11R9 1191
123.3 122.1 125.9 123.1 118.9 120.5
1164 1160 1166 1176 116.2 113.6
129.0 131.8 131.5 132.4 131.8 131.7

1?54

1?59

125.9 126.3
1189

1193

119.9 119.5
115.3 114.4
131.6 132.7

128.7 133.5 131.9

133.1 133.9 135.0 135,9 137.0

1241

1279

1266

1276

112.3
111.0
113.4
129.3
139.1
131.0

115.4
114.4
116.3
134.3
147.3
134.5

113.7
112.2
115.1
134.0
144.5
133.5

115.1 116.2 116.7
114.3 115.6 1156
1157 116.7 117.7
134.1 134.5 134.5
1466 148.2 149.8
134.2 134.6 1358

1283

1292

1305

1313

117.0 117.4
1150

1150

118.8
135.1
151.2
136.5

119.5

Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




II

III

IV

I

II

112.0

114.4

113.3

114.1

114.7

115.3

116.2 117.0

111.2

113.0

112.2

112.8

113.3

113.7

114.4 115.1

Structures
Nonresidential buildings, including
farm .
Utilities
Mining exploration, shafts, and
wells
Other structures

114.1

117.3

115.8

116.9

117.8

118.8

119.7 120.3^

Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment 1
Other . .
Industrial equipment
Transportation and related
equipment
Other

109.7

110.7

110.3

110.7

110.9

111.1

111.7

112.5

93.1

91.7

92.3

91.9

91.3

91.2

91.1

91.3

59.9

51.5

54.8

52.3

50.3

48.5

47.7

47.3

Nonresidential

Residential

113.9 117.5 115.9 1-16.9 118.1 119.2 120.0 120.7
115.6 118.9 117.2 118.9 119.4 120.3 121.7 122.7
115.3 114.3 113.8 114.4 114.3 114.7 115.8 114.1
111.5 112.7 111.9 112.7 112.9 113.5 114.3 115.4

107.9 109.7 109.1 109.5 109.7 110.3 110.6 111.0
120.3 122.3 121.3 122.2 122.6 123.2 123.8 124.6
116.8 119.2 118.4 119.1 119.7 119.6 121.2 122.7
117.1 119.4 118.4 119.3 119.7 120.3 120.9 121.8
113.6

117.4

115.7

116.9

118.0

118.8

120.2 121.1

Structures
Single family
Multifamily
Other structures

113.8
113.7
111.7
114.7

117.7
118.9
112.8
117.5

116.0
116.8
111.9
116.2

117.2
118.0
112.1
117.8

118.3
119.8
113.2
117.8

119.2
121.0
114.0
118.2

120.5
121.9
114.9
120.3

Producers' durable equipment

104.9

105.5 104.5 105.4 105.9 106.3 106.8 107.9

121.4
122.5
115.4
121.8

Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
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.

124.6 128.1 127.0 127.8 128.3 129.1 129.8 130.7

Durable goods

I

1994

II

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

1993

1361

152.7
137.8

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
Merchandise l
Durable
Nondurable
Services l

113.9

115.3

114.7

115.3

115.4 115.6

116.7 117.4

109.7 110.3 109.9 110.3 110.4 110.6 111.8 112.4
1094 1106 1102 1109 1107 1107 111 2 111 5
110.2 109.8 109.4 109.3 110.0 110.4 112.9 114.0
1240

1273

1264

1274

1276

1278

1284

1297

Receipts of factor income2

122.3 125.1

124.4 125.0 125.3 125.7 126.6 127.5

Imports of goods and services

115.4

114.7

Merchandise 1
Durable
Nondurable
Services 1
Payments of factor income3

115.2

115.9

115.0

115.3

114.5

116.4

112.0 111.8 111 4 112.4 111.7 111.7 110.9 113.0
1128

1140

1130

1137

1142

1151

1154

110.7 107.9 108.5 110.1 107.3 1056 1032
1309 1307 1296 131 3 1300 131 9 1308
124.8 128.0

127.3

127.8

128.2

128.7

1161
1077

131 4

129.6 130.5

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
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.

SURVEY OF CURRENT BUSINESS

August 1994 •

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

Seasonally adjusted

1992

1993

1993

1992

1994

I

II

III

IV

I

II

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

109.7

110.3

109.9

110.3

110.4

110.6

111.8

112.4

114.5
108.3
116.5
104.6
105.9
122.8

116.2
109.2
125.3
102.0
105.7
126.0

113.1
109.1
122.3
103.0
105.6
124.7

113.1
110.4
127.6
102.6
105.6
125.5

118.2
109.1
126.3
101.3
105.6
126.4

120.2
108.4
125.1
100.9
105.8
127.6

125.8
110.6
127.8
102.8
105.8
127.9

122.4
113.6
128.7
106.7
105.9
128.7

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
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products

59.1

50.6

53.9

51.3

49.4

47.7

46.9

46.5

116.4
112.3
118.0
114.5
120.9
113.0
113.0
113.0

117.9
113.2
119.7
114.9
123.8
113.8
113.8
113.8

117.1
113.3
119.6
115.4
123.2
113.3
113.3
113.3

117.8
113.3
119.7
115.0
123.9
113.9
113.9
113.9

118.1
113.0
119.6
114.7
123.9
113.7
113.7
113.7

118.6
113.3
119.8
114.7
124.2
114.1
114.1
114.1

118.8
113.8
120.0
115.2
124.2
114.8
114.8
114.8

118.8
114.0
120.1
115.4
124.1
115.4
115.4
115.4

112.0

111.8

111.4

112.4

111.7

111.7

110.9

113.0

108.1

108.0

105.7

106.6 109.0

110.8

110.8 115.0

113.8
114.4
113.1
100.8
107.5
122.9

113.1 113.5 113.5 112.7 112.7 113.5 114.9
114.6 115.0 114.7 114.1 114.7 115.9 117.4
111.5 111.9 112.2 111.2 110.5 110.9 112.2

61.8

116.5
114.8
118.3
116.9
120.1
114.6
114.6
114.6

91.1

95.4

99.1

88.4

81.9

107.8
126.1

106.9
124.6

107.5
125.5

108.3
126.4

108.6
127.6

54.3

57.7

118.4 116.5
116.9 115.2
119.7 118.8
118.8 117.9
120.7 119.8
115.9 114.6
115.9 114.6
115.9 114,6

73.6

85.2

108.3 109.0
127.9 128.7

55.3

53.2

51.1

50.0

49.6

117.8
116.5
119.6
118.7
120.9
115.6
115.6
115.6

119.3
117.1
120.0
119.2
121.0
116.3
116.3
116.3

120.1
119.0
120.3
119.5
121.3
117.3
117.2
117.2

119.9
119.5
120.1
119.6
120.7
117.2
117.1
117.1

120.8
120.3
120.4
119.7
121.3
118.2
118.1
118.1

111.5 113.3 111.1 110.5
109.4 109.9 109.7 110.3
113.3 114.2 113.2 113.9

114.9 116.7 122,6 120.0
109.9 109.8 110.5 111.4
114.4 115.2 115.3 116.3

1. Includes parts of: exports of foods, feeds, and beverages, of nondurable industrial supplies and materials,
and of nondurable consumer goods, except automotive.




25

1993

1993

I
Government purchases
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 weignts
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes tor State and local
purchases:
Chain-type annual weights
Benchmark-years weignts

II

1994

III

IV

I

II

120.8

124.5

123.5

124.3

124.9

125.4

126.7

128.3

121.5

126.1

125.0

125.7

126.5

127.0

128.5

131.1

122.0
114.0
115.5
126.3
133.1
135.2
129.0
116.6
121.4

126.6
116.7
113.8
131.9
140.8
140.3
141.8
119.1
132.4

125.6
117.5
113.3
130.1
138.7
139.8
136.4
117.9
128.1

126.0
116.6
117.4
131.0
139.4
140.3
137.6
119.0
127.8

127.0
116.0
112.6
132.7
141.9
140.1
145.6
119.5
136.6

127.9
116.7
111.9
133.7
143.3
141.2
147.6
120.2
137.2

129.0
117.6
107.3
135.3
146.0
143.8
150.4
120.2
138.0

131.2
120.7
111.8
137.0
148.3
146.0
153.2
121.0
138.6

119.8 124.3
100.8 93.0

123.0

124.7

125.1

124.4 127.2

130.9

93.7

94.0

94.0

90.2

92.4

93.3

108.0
123.9
128.0
118.3
114.0

106.3
129.9
136.9
120.1
116.3

106.8
128.0
133.9
119.9
115.2

106.5
130.0
137.4
119.7
116.0

106.3
130.7
138.5
119.8
116.6

105.5
130.7
137.7
120.9
117.4

105.9
134.4
143.7
121.5
118.2

105.6
138.6
151.0
121.3
119.1

120.3
113.1
115.4
123.4
128.3

123.4
115.1
116.2
126.9
133.0

122.4
114.4
117.0
125.8
131.4

123.2
115.1
117.8
126.4
132.5

123.7
115.5
115.6
127.4
133.6

124.1
115.3
114.5
128.0
134.4

125.3
116.4
116.2
129.1
135.8

126.1
117.1
116.3
130.1
136.9

69.5

60.4

64.3

60.5

59.4

57.3

56.4

55.5

110.2 112.8 111.7 112.7

112.9 113.9 115.0 115.6

SURVEY OF CURRENT BUSINESS

26 • August 1994

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]

[Index numbers, 1987=100]
Se asonall) adjust 3d

1992

I

National defense purchases ... 122.0
Durable goods
114.0
Military equipment
114.8
Aircraft
1185
Missiles
1012
118.4
Ships
Vehicles
120.9
Electronic equipment
109.2
Other
116.6
Other durable goods
105.8
Nondurable goods
115.5
Petroleum products
1197
Ammunition
108.1
Other nondurable goods
117.9
Services
126.3
Compensation of employees .
1331
Military
135.2
Civilian
129.0
Other services
116.6
Contractual research and
development
1124
Installation support l
114.5
120.4
Weapons support23
Personnel support
133.0
Transportation of material
104.8
Travel of persons
110.5
Other
121.4
Structures
Military facilities
1175
Other
1287
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights

Seasonally adjusted

19 93

1993

II

1992

19 34

III

IV

I

126.6

125.6

126.0

127.0

127.9

129.0

131.2

116.7

117.5

116.6

116.0

116.7

117.6

120.7

117.9 118.7

117.7 117.1

1246

1243

117.9

118.8

122.2

1253

1243

1257

1333

944
120.6 121.3
1261 131.0
109.5 109.4
118.3 118.4
105.3 105.2

896
122.6
127.1
109.3
118.2
104.8

958
122.1
128.5
109.7
118.7
105.1

953 947
123.3 124.5
1299 129.5
110.1 110.4
118.9 119.9
105.4 105.5

113.8

113.3 117.4

112.6

111.9

107.3

1131

112.6
115.6

111 1 1203 111.6 109.5 951 1071
111.8 115.2 111.4 112.1 113.0 113.9
117.0 116.5 114.7 114.2 115.0 115.0

131.9

130.1

131.0

132.7

133.7

135.3

1408

1387

1394

141 9
140.1
145.6
119.5

143.3
141.2
147.6
120.2

1460

1483

143.8
150.4
120.2

146.0
153.2
121.0

113.4
117.3 115.3 117.4 118.3
124.4 123.1 124.0 124.4
13fifi 135.2 1361 137.2
105.3 105.0 104.9 105.8
116.5 115.5 115.7 116.4

114.2 1133
118.1 118.6
126.1 127.7
1380 137.4
105.4 105.3
118.5 119.5

113.9
119.8
127.1
1'40.6
105.5
116.8

132.4

137?

957
121.7
128.2
109.5
118.4
105.1

1246
1031

140.3 139.8
141.8 136.4
119.1 117.9
1135

1128

140.3
137.6
1190
1135

128.1

127.8

1366

131 0 1248

1239
1350

1374
1351

1351

1341

1378

136.2

111.8

137.0

138.0

138.6

1383
1373

1390
1378

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 factorl income from
the rest of the world
Less: Payments of factor
income to the
rest of the world2
Equals: Gross national product
Less: Consumption of fixed capital
Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises ....
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income

120.9

123.5

122.9

123.4

123.7

124.1

125.0

125.9

122.3

125.1

124.4

125.0

125.3

125.7

126.6

127.5

124.5

127.8

127.2

127.5

128.1

128.3

129.1

129.7

120.9

123.5

122.8

123.3

123.7

124.1

124.9

125.8

110.5

111.6

111.1

111.5

111.9

112.0

1.13.3 113.7

122.3

125.1

124.4

124.9

125.3

125.7

126.6

127.4

130.3
119.5

129.4
121.8

126.4
121.2

129.5
121.7

131.8
122.0

130.0
122.3

131.1
123.0

132.8
123.9

121.5

124.6

124.2

124.4

124.6

125.2

126.1

126.9

122.3
121.5

125.1
124.7

124.4
124.2

125.0
124.5

125.3
124.7

125.7
125.3

126.6
126.1

127.5
126.9

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.




Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business product
less housing

1993

1993

II

1994

I

II

III

IV

I

II

120.9

123.5

122.9

123.4

123.7

124.1

125.0

125.9

119.5

121.8

121.2

121.7

122.0

122.3

123.0

123.9

119.8
119.2
125.5
105.9
119.5

122.1
121.5
127.2
106.1
121.8

121.5
121.0
126.6
104.9
121.2

122.0
121.5
126.6
107.0
121.7

122.2
121.7
127.4
102.1
122.0

122.5
121.9
128.2
110.1
122.3

123.2
122.2
132.3
114.9
123.0

124.3
123.7
130.2
101.4
123.9

128.8

132.3

131.8

131.8

132.2

133.4

134.3

135.0

115.7
129.4

119.4
132.9

117.8
132.5

118.7 119.9
132.4 132.8

121.1
133.9

121.8
134.9

122.5
135.5

129.1

134.7

132.9

134.2

135.6

136.3

138.4

140.3

131.3
128.2

139.4
132.9

136.9
131.3

138.6
132.3

140.8
133.5

141.4
134.3

145.4 149.5
135.6 136.8

118.9

121.3

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 1 ...
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

1.150

1.159

1.159

1.159

1.157

1.159

1.165

.126

.123

.124

.123

.124

.120

.125

.122

1.024

1.036

1.035

1.037

1.033

1.038

1.040

1.049

.117

.116

1.170

907

919

917

.768

.117
.917
.776

920

.767

.770

.766

.117
.921
.760

.117
.923
.763

.117
.932
.766

.099

.112

.102

.111

.113

.123

040

037

040

038

043

.122
.043

.128

031
.067
.041

.073
.039

.065
.039

.071
.039

.075
.039

.080
.038

.078
.038

.081
.038

.117

.117

046

1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.

August 1994 • 27

SURVEY OF CURRENT BUSINESS

8. Supplementary Tables-

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



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

I

II

1992

1994

III

IV

I

II

5.2

5.4

4.4

4.2

3.8

7.7

6.1

6.9

2.3
2.1
2.2

3.1
2.5
2.5

1.2
.5
.5

2.4
1.8
1.8

2.7
1.8
1.8

6.3
5.1
5.1

3.3
3.2
3.2

3.8
3.9
3.9

3.2
3.0
3.1

3.0
2.8
2.8

4.2
4.0
4.0

2.4
2.3
2.3

2.0
1.9
1.9

2.4
2.5
2.4

3.1
3.2
3.2

2.9
2.7
2.7

6.0

5.8

4.1

5.0

5.1

6.4

6.0

4.7

2.8
2.6
2.7

3.3
2.9
2.9

1.6
1.3
1.3

2.6
2.3
2.3

3.9
3.5
3.5

4.0
3.4
3.4

4.7
4.3
4.3

1.4
1.4
1.5

3.5
3.4
3.5

2.8
2.8
2.8

2.9
2.9
2.9

2.6
2.5
2.5

1.4
1.5
1.5

2.8
2.8
2.8

1.9
2.0
2.0

2.8
2.9
2.8

7.9

9.2

3.6

8.3

16.3

9.9

3.9

6.4
5.9
6.1

8.2
7.4
7.4

3.2
2.4
2.3

9.8
9.3
9.2

7.7
6.3
6.3

15.5
13.9
13.9

8.8
8.2
8.1

1.2
.4
.6

2.3
1.9
2.0

2.1
1.7
1.7

1.7
1.2
1.1

3.3
2.7
2.7

2.2
1.9
1.9

2.5
2.3
2.2

1.9
1.5
1.5

4.1
3.7
3.7

3.0

3.4

.8

2.2

1.8

4.6

4.1

3.6

1.0
.9
.9

2.0
1.8
1.8

1.6
1.4
1.4

2.8
2.6
2.6

2.4
2.2
2.2

3.8
3.8
3.8

2.1
2.0
2.0

2.1
2.1
2.1

1.6
1.5
1.5

2.5
2.5
2.5

.9
.8
.7

-.8
-.9

2.2
2.3
2.2

.2
.3
.3

1.5
1.5
1.5

7.3

6.5

6.1

5.1

6.1

5.3

6.1

5.5

3.0
2.8
2.9

2.8
2.6
2.6

3.1
2.8
2.7

1.4
1.3
1.3

3.6
3.4
3.4

2.0
1.9
1.9

4.0
3.8
3.8

1.0
1.4
1.3

4.7
4.6
4.6

3.7
3.7
3.7

3.5
3.5
3.5

3.4
3.5
3.5

2.6
2.7
2.7

3.2
3.2
3.2

2.9
2.9
2.9

3.3
3.4
3.4

-1.6
-1.6
-1.6

12.2

-1.1

5.8

11.9

16.4

7.7

5.9

19.6

20.5

29.8

6.1
5.2
5.6

13.0
10.4
10.4

19.3
15.1
14.9

8.9
5.8
5.6

8.0
4.3
4.2

21.3
18.0
17.9

18.0
17.3
17.4

23.8
26.3
26.1

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 .
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 .
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
Exports of goods and services:
Current dollars
Quantity indexes:
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and services:
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-vears weiohts
Price indexes:
FiypH 1 QP<7 u/pinhtc

Chain-type annual weights
Benchmark-years weights
Government purchases:
Current dollars
Quantity indexes:
FiypH 1Qft7 wpinhte

Chain-tvoe annual weiohts
Benchmark-vears weiohts
Price indexes:
Civorl 1QQ7 uiainhte

5.2

10.4

10.7

8.6

5.5
4.5
5.0

11.3

12.3

1.1
.7
.9

.8
2.0
c
1.2

.9

o

.0

.6

8.8
8.8

8.9
8.8

8.9
6.4
6.3

2.1
1.4
1.4

2.1
1.6
1.5

2.9
2.3
2.1

9.7
12.5

9.0
9.0
1.6
.6
.6

11.8

13.9

15.1
10.4
10.2

15.6
12.7
12.4

2.0
1.2
1.1

2.3
1.3
1.2

8.3
11.4

7.0
7.0
2.2
1.3
1.3
6.5
12.2

6.1
6.2
1.5
.4
.4

22.5

13.3

23.0
21.2
20.9

10.6
10.2
10.3

2.0
1.2
1.2

3.1
2.9
2.9

18.8

12.4

21.1
18.4
18.0

10.9
10.2
10.4

1.6
.6
.6

2.5
2.1
2.2

11.0

8.7
8.3
8.3
2.7
2.6
2.6
11.3

9.2
8.8
8.8
2.6
2.3
2.4

Chain-type annual weights
Benchmark-years weights
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weight's
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

-6.5
-6.7
-6.7
-6.7

.3
.3
.3

1993

1993

1.3
-1.4
-1.4
-1.4

2.8
2.8
2.8

I

II

4.8

4.0

3.8

2.5
2.4
2.4

.3
.2
.2

.5
.6
.6

2.4
2.5
2.5

3.8
3.8
3.8

3.3
3.2
3.2

13.4

14.7

18.1

6.0
4.0
4.8

18.0
13.7
13.7

20.0
13.8
13.6

21.6
18.1
17.7

.9
-.2
-.2

1.8
.7
.6

IV

III

4.3

1.3
.4
.7

1994

1.4
.3
.1

7.6
16.2

8.4
8.5

.5
—7
-J
13.0

6.6

I

II

-8.8

21.7

3.3 -11.8
3.2 -11.6
3.2 -11.7
3.3
3.3
3.3

3.2
3.2
3.2

19.6
19.4
19.4

1.9
2.0
2.0

23.9

21.2

7.8

27.5
24,7
24.2

18.6
19.3
19.4

6.5
5.3
5.4

.7
-.5
-.5

2.1
1.7
1.8

32.0

15.7

28.2
28.4
28.4

10.0
10.2
10.1

2.9
2.5
2.5
10.5

8.3

-3.4

8.2
8.3
8.3

5.3
5.5
5.5

7C
—7.0

1.5
1.6
1.5

3.3
3.4
3.4

2.3
2.6
2.6

6.2

3.3

-1.5

8.5

-6.6

20.7

-3.5

18.3

6.7
5.5
6.0

4.1
2.7
2.7

-1.0
-2.0
-2.1

7.7
7.1
6.9

-3.2
-6.3
-6.3

21.7
20.5
20.3

-3.5
-5.6
-5.5

15.8
15.8
15.8

1.2
.6
.8

1.2
.5
.5

1.4
.5
.4

7.7

8.4

2.9

18.0
16.2
16.2
16.2

8.7
7.0
7.8

12.0

10.7

8.9
8.9

1.5
.8
1.1

-.2
-.7
-.7

2.5

2.1

-.8
-.7
-.7

-.8
-.9
-.9

3.5
3.3
3.4

3.1
2.9
2.9

.7
-3.4
-3.2
-3.3

4.3
4.0
4.2

11.6

9.7
9.6
-5.8
-6.2
-6.2

-.4
-5.9
-5.5
-5.5

5.7
5.4
5.3

-7.6
-7.6

4.2
4.5
4.5

2.1
1.5
1.4

9.4
9.2
9.3
3.7
3.5
3.5

.4
-.3
-.3

.6
.2
.1

4.5
4.8
4.8

3.8
2.6
2.8

14.7

5.2

24.0

14.9
12.8
12.6

7.4
4.9
4.8

16.0
14.9
14.5

9.5
8.3
8.3

18.9
17.5
17.5

4.2
3.2
3.1

-2.8
-3.3
-3.3

1.1
—3
—.2

-2.7
-3.0
-2.9

3.3

2.3

1.5

.9

1.2
.7
.7

1.1
3
.3

-.1
-.2
—.2

-4.9
-3.4
-3.4

2.4
2.4
2.4

2.1
2.1
2.0

1.6
1.7
1.8

4.3
4.6
4.6

-6.8

-1.5

-2.2

-2.6

-4.5
-4.6
-4.6

-15.4
-14.5
-14.6

-3.6
-4.1
-4.2

-3.0
-4.7
-4.6

-5.0 -10.3
-4.6
-7.0
-4.8 -7.0

9.3
9.0
9.0

2.3
2.3
2.3

2.6
2.7
2.5

-3.7

-10.9

-1.6

-8.6

-7.1
-6.9
-7.0

-6.8
-6.9
-6.9

-20.0
-19.0
-19.0

-2.2
-3.0
-3.1

-11.1
-11.0

3.7
3.4
3.4

9.9
9.9
9.8

2.7
2.3
2.4

1.4

-1.2

3.7
3.5
3.5

3.1
3.2
3.2

16.5

-2.7

4.7
4.6
4.7 .

2.9
2.8
2.8

7.3
7.2
7.2

1.3
1.0
1.0

-9.2

3.0
3.2
3.0

1.7
2.2
2.3

.1
-3.6
-3.0
-3.4

2.9
3.4
3.5

-1.8

4.8
5.8
5.7

6.5
6.0
6.1
2.3
-1.6
-1.8

•) 7

5.1
4.3
4.3
-2.6
-8.8
-8.9
-8.8

8.3
7.2
7.1

-9.5

-1.4

-16.0
-12.6
-12.6

-6.2
-6.3
-6.2

3.5
4.0
3.9

7.1
5.7
5.6

SURVEY OF CURRENT BUSINESS

28 • August 1994

Table 8.1,—Percent Change From Preceding Period in Selected
Series—Continued
[Percent]

Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1992

1993

1993

II

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 weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
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 weights
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
Command-basis gross national
product:
Quantity index, fixed 1987 weights ...
Disposable personal income:
Current dollars
1987 dollars

1992

1994

I

III

IV

I

II

16.3

-5.4

9.5

4.5

3.5

-1.4

12.6

-7.8

6.6
6.6
6.5

.7
.8
.8

-4.5
-3.7
-3.7

-6.2
-6.6
-6.5

12.0
10.6
10.8

-7.9
-7.7

2.8
2.7
2.8

3.7
3.7
3.7

7.2
7.1
7.1

5.7
5.4
5.3

1.1
1.7
1.5

3.8

4.2

4.1

6.5

1.1
1.0
1.0

1.7
1.6
1.6

.9
1.0
1.0

2.8
2.8
2.8

2.5
2.5
2.5

5.1
2.2
2.0
2.1

78

2.9 140
6.0 -14.0
5.8 -14.0

-.2
-.4

9.1
9.8
9.9

12.2
10.4
10.5

5.2

4.1

2.6

5.3

4.4
4.0
4.0

3.7
3.5
3.5

2.9
2.7
2.7

3.0
3.1
3.1

2.4
2.5
2.5

1.8
1.7
1.7

1.5
1.4
1.4

3.9
3.8
3.8

2.6
2.5
2.5

5.2

3.7

4.3

4.1

8.0

5.1

4.4

2.9
2.3
2.3

.2
-.2
-.3

2.4
1.9
1.9

3.2
2.1
2.2

6.4
5.5
5.4

2.2
2.2
2.2

1.4
1.4
1.5

3.2
3.0
3.1

3.0
2.8
2.8

4.2
4.0
4.0

2.4
2.3
2.3

2.0
2.0
1.9

2.5
2.5
2.4

3.2
3.2
3.2

2.9
2.7
2.7

5.3

5.9

4.9

5.0

4.7

7.2

7.0

7.7

2.5
2.3
2.4

3.9
3.2
3.2

2.7
1.8
1.7

3.3
2.5
2.4

4.0
3.0
3.0

5.8
4.7
4.7

5.0
4.7
4.7

4.4
4.2
4.2

3.2
3.0
3.1

2.8
2.6
2.6

3.3
3.2
3.1

2.6
2.5
2.5

1.6
1.6
1.6

2.4
2.4
2.4

2.5
2.5
2.6

3.3
3.1
3.1

5.2

5.7

4.1

5.2

5.0

7.5

6.1

5.2

2.5
2.2
2.3

3.7
3.0
3.0

1.7
1.0
1.0

3.3
2.6
2.5

45
3.4
3.4

6.0
5.1
5.0

3.9
3.7
3.7

2.0
1.8
1.9

3.2
3.0
3.1

2.8
2.6
2.6

3.3
3.2
3.2

2.6
2.5
2.£

1.6
1.6
1.6

2.4
2.4
2.4

2.5
2.5
2.6

3.2
3.1
3.1

5.0

5.3

5.1

3.9

4.2

7.0

6.2

6.6

2.1
1.9
2.0

ll
25

2.1
1.5

2'.5

1.8
1.2
1.1

i!f

3.0
2.1
2.1

5.6
4.4
4.4

3.4
3.2
3.2

3.5
3.6
3.6

3.2
3.0
3.1

3.0
2.8
2.8

4.2
4.0
4.0

2.4
2.3
2.3

2.0
1.9
1.9

2.4
2.5
2A

3.1
3.2
3.2

2.9
2.7
2.7

2.2

3.3

2.8

2.0

3.4

5.6

4.0

3.3

6.4
3.1

4.1
1.5

7.2
4.7

1.9
.8

6.7
4_<

4.7
3.4

6.1
2.7

-5.1
-7.4

-2.0

-1.4
-1.1
-1.2

2.9
2.8
2.8

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, 1987, 1992, and the most recent year.




1993

1993

Current dollars:
Gross domestic
product
Gross national
product
Personal income
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Constant (1987)
dollars:

II

1994

III

IV

I

II

23,564

24,559

24,239

24,427

24,588

24,978

25,288

25,652

23,586
20,175

24,576
20,810

24,271
20,429

24,440
20,800

24,621
20,863

24,970
21,147

25,285
21,369

25,631
21,682

17,636

18,153

17,874

18,141

18,174

18,421

18,588

18,819

16,192
1,928

16,951
2,083

16,693
2,006

16,856
2,059

17,017
2,095

17,233
2,170

17,443
2,216

17,601
2,232

5,071
9,193

5,185
9,683

5,158
9,529

5,173
9,623

5,182
9,740

5,225
9,838

5,265
9,961

5,299
10,070

Gross domestic
product
19,490 19,879 19,728 19,795 19,871 20,119 20,235 20,375
Gross national
product
19,515 19,901 19,762 19,814 19,906 20,122 20,242 20,367
Disposable
personal
income
14,279 14,341 14,222 14,351 14,338 14,451 14,535 14,598
Personal
consumption
expenditures ... 13,110 13,391 13,283 13,335 13,425 13,519 13,640 13,654
2,007
2,008
Durable goods
1,772
1,897
1,837
1,905
1,970
1,876
Nondurable
4,182
4,224
goods
4,195
4,236
4,140
4,176
4,159
4,165
7,354
7,410
Services
7,338
7,409
7,199
7,318
7,287
7,294
Population (midperiod,
thousands)
255,484 258,290 257,262 257,908 258,635 259,356 259,997 260,628

SURVEY OF CURRENT BUSINESS

August 1994

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

Seasonally adjusted at annual rates
1992

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 autos2

1993

1993

1992

1994

I

II

III

IV

I

II

133.3

144.5

142.6

146.8

137.5

151.0

162.7

152.7

133.2
125.9

142.2
139.3

134.2
132.4

144.5
137.8

142.0
140.5

93.4
45.9
38.8
68.3

88.3
44.1
36.3
62.7

91.5
46.3
41.3
73.4

92.3
48.2
38.8
69.0

164.2
154.7
100.1

151.0
150.7

87.4
38.6
38.0
62.7

148.3
146.5
101.3
45.2
38.8
68.2

54.6
43.4
78.8

-24.7
-32.8

-29.6
-37.7

-26.5
-36.5

-32.1
-36.6

-30.2
-39.2

-29.5
-38.6

-35.4
-35.8

14.3
47.0

14.5
52.2

14.3
50.8

14.9
51.6

13.7
52.8

15.2
53.8

16.7
52.5

2.0

1.9

.1
.5
-.4

2.2
1.9
.3

104.8
60.0

2.1

2.0

8.4

2.3
0
2.4

10.6
-2.2

112.6 113.7
65.1

60.5

1.9
-4.5
-4.5

-.1

1.7
2.7
1.6
1.1

99.4
51.4
43.6
78.7

-35.0
-45.4

2.0
-1.5

.3
-1.8

16.2
61.6

2.0
1.7
.3
1.4

112.8

103.9

119.9

133.7

125.7

66.1

68.7

65.3

66.2

69.1

1993

1993

I
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!
Sales of imported new autos2

II

1994

IV

III

I

II

121.6

121.7

123.4

114.2

127.2

135.1 125.3

117.2
121.1
.112.8 119.3

116.0
116.0

123.7
118.8

119.4
119.1

125.2
123.2

138.3
129.8

125.2
124.8

85.6
44.2
38.0
67.4

84.1
40.7
37.9
66.5

117.6

77.9
34.9
33.2
55.9

81.3
38.0
34.4
59.5

77.9
38.1
32.0
55.3

80.1
38.7
36.6
64.2

80.0
39.1
34.6
59.8

87.2
36.0
34.6
58.7

-22.8
-30.5

-25.1
-34.2

-23.4
-33.6

-27.6
-33.4

-25.2
-36.0

-24.2
-34.0

-29.4
-31.0

-28.6
-39.0

12.7
43.3

12.8
47.0

12.6
46.3

13.1
46.5

12.0
47.9

13.3
47.3

14.6
45.6

14.0
53.1

1.8

1.6

1.7

.4
.7
3

.5
.6
1

5.7
7.9
22

93.7
53.6

97.6

567

99.2
53.3

1.7
-.3
-2.0

1.7
97.4
57.8

1.4

1.6

2.0
1.5
.5

-5.2
-4.8

-.4
89.6
59.6

1.6
-3.2
-1.7

15

1.6

0
-1.1

1.1

104.3

112.9

105.7

56.2

56.6

58.5

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.




83.4

101.9

98.4

99.0

99.5

110.8

124.3

123.1

82.2
43.4
37.0
-5.1

102.1

92.0
49.3
44.5

102.5

101.4

112.5

122.7

120.3

50.8
48.8
-5.0

57.3
54.7
-3.8

56
10.7

52.3
48.7
-5.5

58
11.2

fiP

fi5

1.2

-.2

-RR

52

52.0
46.7
-6.2

58

53
10.3

49

12.0
10.0

6.3

-3.5

-1.9

12.0

6.8

68
10.6

4.4
-1.7

58.9
62.2
-4.1

67
10.7

57.4
59.2
-4.7

67
11.3

5.6

8.4

1.6

2.8

Truck output *
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

83.9

82.3

81.8

81.2

904 100.5

97.6

70.4
37.2
31.7
-4.4

84.1
43.3
39.9
-4.5

77.1
41.7
37.0
-5.6

84.7
43.3
38.3
-5.1

82.6
41.6
39.6
-4.1

91.8
46.7
44.6
-3.1

99.2
47.7
50.2
-3.3

95.5
45.7
46.9
-3.7

48
9.1
59

47
9.2
54

1.0

-.1

44
10.0

41
5.2

47
9.8
82
-2.9

43
8.4
55
-1.5

55
8.6
36
-1.4

54
8.7
45

53
9.0
67

1.3

2.1

SURVEY OF CURRENT BUSINESS

JO • August 1994

NIPA Charts

Dec. Nov.
P
T

1966

67

68

70

Jan. July July
F T P

71




72

73

74

75

76

77

78 79

80

81

July Mar.
P T

Nov.
T

82 83

84 85

86

87

89

90

91 92

93 1994

SURVEY OF CURRENT BUSINESS

Percent diange

August 1994

B&rcent Change

. ' " 10'" " '

10

1

REAL GROSS DOMESTIC PRODUCT

GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1

i.
lill.iill!
I
-10
1991

1992

1993

1993

1994

Billion$
600

Percent change

10

1992

1994

1

CORPORATE PROFITS WITH IVA AND CCAdj *

REAL GROSS DOMESTIC PURCHASES

500

I

400

300

-10

200
1991

1992

1993

Percent
10

Percent change

10

6

REAL DISPOSABLE
PERSONAL INCOME1

1991

1994

»°-

1992

1993

1994

PERSONAL SAVING RATE3

I Im.
•10

1991

1992

1993

1994

1991

1. Percent change at annual rate from preceding quarter; based on seasonally adjusted estimates.
2. Seasonally adjusted annual rate; tvA is inventory valuation adjustment, and CCAdj is capital consumption adjustment,
3. Personal saving as percentage of disposable personal income; based on seasonally adjusted estimates,
;
US. Department of Commerce, Bureau of Economic Analysis




1992

1993

1994

• 31

SURVEY OF CURRENT BUSINESS

August 1994

Quantity and Price Indexes, 1988-94
This section consists of NIPA tables 7.1-7.3, which present fixed-weighted and alternative quantity and price
indexes for major aggregates, and NIPA table 8.1, which presents the associated percent changes. These tables are
part of the presentation of the annual NIPA revision published in last month's SURVEY OF CURRENT BUSINESS.
Unlike the versions of tables 7.1-7.3 and 8.1 published last month, these tables now include the alternative
quantity and price indexes. (Except for the revisions to the second quarter of 1994, the fixed-weighted indexes
are the same as those shown last month.) The tables presented here also differ from those published last month
in that they show estimates for 1988-90; as explained in the next paragraph, changes in the weights used to
construct the indexes have led to revisions for the period prior to 1991 (the earliest year covered by this year's
annual NIPA revision).
The benchmark-years-weighted indexes have been revised back to the first quarter of 1988, and the chaintype annual-weighted indexes have been revised back to the third quarter of 1989. These revisions reflect the
incorporation of revised NIPA estimates and the updating of the weight years used to calculate the alternative
measures. The weight years have been updated according to the schedule published in "Alternative Measures
of Change in Real Output and Prices, Quarterly Estimates for 1959-92" in the March 1992 SURVEY. For the
benchmark-years-weighted indexes, estimates from the third quarter of 1987 through the second quarter of 1992
continue to be calculated using 1987 and 1992 weights (no revisions resulted for the third or fourth quarters of
1987), and estimates from the third quarter of 1992 forward are now calculated using 1992 and 1993 weights. For
the chain-type annual-weighted indexes, estimates from the third quarter of 1992 through the second quarter of
1993 are now calculated using 1992 and 1993 weights, and estimates from the third quarter of 1993 forward are
now calculated using 1993 weights.

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1987=100]
Seasonally adjusted

Line

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
Implicit price deflator
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
Implicit price deflator
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
Im elicit orice 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 orice deflator




. ..

1988

1989

1990

1991

1992

1993

1988

1989

I

II

III

IV

I

II

III

IV

1

107.9

115.7

122.2

126.1

132.6

139.7

104.7

107.0

109.0

111.1

113.4

115.2

116.3

117.7

2
3
4

103.9
103.9
103.8

106.6
106.6
106.4

107.9
107.9
107.7

107.2
107.2
106.9

109.7
109.4
109.3

113.1
112.2
112.0

102.5
102.5
102.5

103.6
103.6
103.5

104.3
104.2
104.1

105.3
105.3
105.1

106.1
106.1
105.9

106.6
106.6
106.4

106.6
106.6
106.4

107.0
107.0
106.8

5
6
7
8

104.0
103.9
103.9
103.9

108.6
108.5
108.5
108.5

113.6
113.2
113.3
113.3

118.1
117.7
117.8
117.6

121.9
121.2
121.4
120.9

125.5
124.6
124.8
123.5

102.2
102.1
102.1
102.1

103.3
103.3
103.3
103.2

104.7
104.6
104.6
104.5

105.6
105.6
105.6
105.5

106.9
106.9
106.8
106.9

108.2
108.1
108.0
108.1

109.2
109.0
109.0
109.1

110.2
110.0
110.0
110.1

9

108.0

115.4

123.2

127.9

135.5

143.4

104.8

106.8

109.0

111.3

112.7

114.6

116.4

117.9

10
11
12

103.6
103.6
103.5

105.6
105.5
105.4

107.2
107.1
107.0

106.8
106.6
106.5

109.7
109.3
109.3

113.3
112.5
112.5

102.5
102.5
102.4

103.1
103.1
103.1

103.9
103.9
103.8

104.9
104.9
104.8

105.0
104.9
104.8

105.2
105.2
105.1

106.0
105.9
105.8

106.2
106.2
106.0

13
14
15
16

104.3
104.2
104.2
104.2

109.5
109.4
109.3
109.3

115.2
115.0
115.0
114.9

120.3
120.0
119.9
119.7

124.6
124.1
124.1
123.5

128.1
127.5
127.5
126.6

102.3
102.3
102.3
102.3

103.6
103.6
103.6
103.6

105.0
104.9
104.9
104.9

106.2
106.1
106.1
106.1

107.5
107.5
107.4
107.4

109.1
109.0
108.9
108.9

110.0
109.9
109.9
109.8

111.2
111.1
111.0
111.0

17

108.3

113.8

116.0

113.1

122.0

133.3

106.2

107.3

107.4

112.2

111.7

113.3

116.6

113.5

18
19
20

106.2
106.2
106.0

109.2
109.0
108.8

109.7
109.4
109.2

105.4
104.4
104.3

112.1
110.6
110.7

121.4
118.8
118.9

105.3
105.3
105.2

105.7
105.7
105.5

105.0
104.9
104.7

108.8
108.7
108.5

107.8
107.7
107.5

109.0
108.9
108.7

111.6
111.5
111.3

108.2
108.0
107.8

21
22
23
24

102.0
102.0
101.8
102.0

104.5
104.4
104.1
104.2

106.3
106.0
105.6
105.7

109.1
108.4
108.0
107.3

111.6
110.4
110.2
108.9

113.9
112.2
112.1
109.8

100.9
100.9
100.8
100.9

101.5
101.5
101.4
101.5

102.4
102.4
102.1
102.3

103.3
103.2
102.9
103.1

103.8
103.7
103.4
103.6

104.2
104.1
103.8
104.0

104.8
104.6
104.3
104.5

105.2
105.1
104.7
104.9

25

106.2

113.7

121.6

124.4

128.1

132.4

103.0

105.0

107.4

109.4

110.9

113.4

114.4

116.1

26
27
28

102.4
102.4
102.3

104.0
103.9
103.9

104.9
104.8
104.8

103.6
103.5
103.4

104.6
104.4
104.4

106.7
106.3
106.3

101.2
101.2
101.2

102.0
102.0
101.9

102.8
102.7
102.7

103.5
103.5
103.4

103.7
103.6
103.6

103.5
103.5
103.4

104.1
104.0
104.0

104.7
104.7
104.6

29
30
31
32

103.8
103.8
103.8
103.7

109.5
109.4
109.4
109.3

116.2
116.0
116.0
115.9

120.5
120.2
120.3
120.0

123.0
122.7
122.7
122.5

125.0
124.6
124.6
124.2

101.8
101.8
101.8
101.8

103.0
103.0
103.0
103.0

104.6
104.5
104.5
104.5

105.7
105.7
105.7
105.6

107.1
107.0
107.0
107.0

109.7
109.6
109.6
109.5

110.1
110.0
110.0
109.9

111.0
110.9
110.9
110.8

SURVEY OF CURRENT BUSINESS

August 1994 • 33

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
SSeasonally adjusted

Line

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
Imolicit orice deflator
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 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 weights
Implicit price deflator

.

.

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
ImDlicit orice deflator




19 92

19 91

1990

19$)4

1993

1

II

III

IV

I

II

III

IV

1

II

III

IV

I

II

III

IV

I

II

147.3

1

120.3

122.0

123.0

123.3

124.2

125.7

126.9

127.7

129.9

131.5

133.1

135.9

137.4

138.8

140.1

142.7

144.8

2
3
4

107.9
108.0

1083

107.2
107.3

106.7
106.7

107.2
107.2

1099

1064

1069

1080

1086

1095

1109

111.7
111 5

115.9
114.5

1070

1120

114.9
113.6
113.4

1170

109.6

113.2
112.2

1079

111 8
111.2
111 0

1125

108.8

111 5
111.0

1081

107.5
107.4
107.2

108.3
108.2

1077

107.5
107.4
107.2

1090

108.4

108.1
108.1

1143

1154

5
6
7
8

1117

1129
1127

1143
1139

1153
1149

1168
1164

1177
1173

1186

1194

1223

1244
1236

1252
1243

1258
1249

1285
1275

115.0

116.5

117.4

120.2

121.1

123.8

124.5

125.1

126.8

127.7

1127

1138

1150

1164

1172

1180

1188

1199

1207

122.6
121 9

125.6
125.8

1275
1266

114.0

121 6
121.8
121 1

1232
1224

1266

1209

112.7

118.9
119.0

1205
1200

121 5

118.2
118.3

1229

1234

1237

1241

1250

1259

111 5
111.5
111 5
X

115.6

g

12Q N5

1221

1246

1257

1259

1273

1287

1296

1325

1343

1361

1393

1407

1424

1442

1464

1486

1503

10
11
12

1070
1069
1067

1072
1071
1070

1077
1076
1075

1070
1069
1068

1062
1061
1060

1068
1066
1065

1071

1070

1127

1109
1109

111 3
111 3

111 9
111 9

113.9

1067

1138
1129
1129

1149

106.7

1100
1096
1096

1120

1068

1089
1086
1086

111 5

106.9

1085
1082
1081

1138

1162
1151
1151

1166
1155
1155

13
14
15
16

1130
1128
1128
1127

1142
1140
1139
1139

1159
1157

1189
1186
1186
1185

1198
1194
1194
1192

120.8

1156
1156

1179
1176
1175
1175

1204
1204

120.1

121.8
121 4
121 4
121.1

1229
1225
1225
1221

1241
1236
1236
1232

1252
1247
1247
1237

1261
1256
1256
1249

1270
1265
1265
1257

1278
1273
1273
1264

1283
1277
1277
1268

1291
1286
1286
1275

1298
1292
1292
1279

1307
1302
1302
1289

17

118.9

115.4

115.8

113.8

111.3

112.0

114.9

114.2

118.9

119.7

122.8

126.7

127.8

131.6

1342

139.4

1427

1441

18
19
20

112.7

109.4

109.6

107.3

104.2

104.5

106.8

1092
1089

1093
1090

1068
1066

1035
1033

1036
1035

1056
1056

1098
1085
1086

1099
1085
1086

1126

1124
1122

1059
1047
1048

1161
1143
1145

1170
1149

1198
1175
1177

1220
1193
1195

1265
1233
1234

1292
1257
1259

1296
1258
1260

21
22
23
24

1059
1057
1053
1055

1060
1058
1053
1055

1063
1060
1055
1056

1069
1065
1061
1061

1081
1075
1071
1068

1087
1081
1077
1071

1096
1088
1084
1075

1100
1091
1088
1078

1107
1097
1094
1083

111 5

111 9
1106
1105
1091

1123
1109
1108
1091

1127

1103
1102
1089

1137
1120

1150
1131
1130
1102

1155
1136
1134
1105

1167
1146
1144

111 2

111 o
111 2

115 1

1092

1098

1143
1125
1123
1100

111 2
111 1

111 8

25

1189

1200

1227

1247

1239

1246

1247

1243

1262

1268

1285

131 0

131 3

1320

1325

1340

1354

1366

26
27
28

1048
1047

1053
1052
1052

1046
1045
1044

1038
1036
1036

1040
1038
1038

1038
1036
1036

1029
1027
1027

1040
1038
1038

1038
1036
1036

1045

104*3

104.7

1049
1048
1047

1043

1062
1060
1059

1058
1055
1055

1063
1059
1059

1070
1066
1066

1076
1072
1071

1086
1082
1081

1092
1087
1087

29
30
31
32

1138
1136
1136

1146
1145
1145

1168
1166
1166

1197
1193
1194

1198
1195
1196

1203
1200
1200

1206
1204
1204

121 3

121 9

1210

1216

1226
1224
1224

1236
1233
1233

1240
1236
1237

1247
1244
1244

1250
1246
1246

1247
1243
1244

1254
1250

1254
1252
1252

1259
1256
1256

113.4

114.4

116.5

119.2

119.4

119.8

120.2

122.1

123.0

123.3

124.0

124.2

123.9

124.6

125.1

121 1
120.8

121 7
121.4

125 1
124.6

SURVEY OF CURRENT BUSINESS

34 • August 1994

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted

Line

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
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 ..
Implicit price deflator
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
Implicit price deflator
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
Imolicit orice deflator




1989

1988

1990

1992

1991

1988

1993

1989

I

II

III

IV

I

II

IV

III

33

109.0

116.9

126.0

133.6

143.4

152.7

105.6

107.8

110.4

112.3

114.1

115.7

117.6

120.1

34
35
36

103.7
103.7
103.7

105.7
105.7
105.6

108.0
108.0
107.9

109.1
108.9
108.8

112.3
112.0
112.0

115.4
114.8
114.8

102.6
102.6
102.5

103.2
103.2
103.2

104.3
104.3
104.2

104.9
104.9
104.8

105.1
105.0
104.9

105.4
105.3
105.2

105.8
105.7
105.6

106.6
106.6
106.5

37
38
39
40

105.1
105.1
105.1
105.1

110.7
110.6
110.6
110.6

116.8
116.7
116.7
116.7

123.0
122.7
122.7
122.5

128.7
128.3
128.3
127.7

133.5
133.0
133.0
132.3

103.0
103.0
102.9
102.9

104.5
104.5
104.4
104.5

105.9
105.9
105.8
105.8

107.2
107.2
107.1
107.1

108.7
108.7
108.6
108.6

109.9
109.9
109.8
109.9

111.3
111.2
111.1
111.2

112.8
112.8
112.7
112.7

41

105.9

111.1

108.0

99.4

105.2

117.7

102.8

105.2

106.9

108.7

112.6

112.1

109.4

110.1

42
43
44

103.2
103.0
103.1

104.6
104.7
104.4

99.7

100.1
99.5

91.3
90.8
90.4

96.8
95.5
95.5

109.4
105.4
105.4

101.0
100.7
100.9

102.7
102.6
102.6

104.4
104.0
104.1

104.8
104.6
104.7

107.2
107.3
106.9

106.0
106.1
105.8

102.6
106.6
102.3

102.7
107.0
102.5

49

107.5

110.5

110.9

103.3

108.6

119.9

104.3

107.1

108.4

110.3

110.7

110.7

110.7

110.0

50
51
52

104.2
104.2
104.1

104.3
104.1
103.9

102.5
102.1
101.9

94.7

100.0

93.8
93.8

98.0
98.5

111.3
106.6
107.2

102.0
102.0
102.1

104.2
104.1
104.1

104.9
104.9
104.8

105.7
105.7
105.6

105.4
105.2
105.1

104.8
104.5
104.4

104.2
103.9
103.7

103.0
102.7
102.5-

53
54
55
56

103.3
103.2
102.9
103.2

106.3
106.2
105.6
105.9

109.1
108.7
108.0
108.2

110.8
110.1
109.3
109.0

112.0
110.9
110.3
108.6

114.4
112.4
111.9
107.7

102.3
102.2
102.1
102.2

102.9
102.9
102.6
102.8

103.4
103.4
103.0
103.3

104.5
104.4
104.0
104.4

105.3
105.2
104.7
105.1

106.1
105.9
105.4
105.7

106.7
106.5
106.0
106.2

107.3
107.0
106.5
106.8

45
46
47
48

57

109.6

114.1

117.9

111.9

112.8

123.8

105.8

109.3

110.6

112.5

113.2

114.2

114.8

114.3

58
59
60

106.6
106.6
106.5

108.5
108.2
108.0

109.8
109.3
109.0

103.6
102.3
102.3

105.7
102.8
103.5

118.8
112.1
112.9

104.0
104.0
104.1

106.7
106.7
106.7

107.5
107.5
107.3

108.2
108.2
108.1

108.4
108.2
108.1

108.9
108.6
108.4

108.9
108.6
108.3

107.8
107.5
107.2

61
62
63
64

102.8
102.8
102.4
102.8

105.6
105.5
104.8
105.2

108.4
107.8
106.9
107.3

110.2
109.3
108.3
108.1

111.2
109.7
109.0
106.7

113.0
110.4
109.7
104.1

101.8
101.8
101.6
101.8

102.5
102.5
102.1
102.4

102.9
102.9
102.4
102.8

104.0
104.0
103.4
104.0

104.7
104.6
104.0
104.4

105.3
105.1
104.5
104.8

106.0
105.8
105.1
105.5

106.6
106.3
105.5
106.0

65

106.2

112.8

117.7

106.8

99.9

101.2

103.1

105.9

106.9

109.0

111.0

110.7

114.1

115.6

66
67
68

101.6
101.6
101.6

103.7
103.5
103.6

104.8
104.7
104.8

93.7

87.4

93.8
93.7

87.5
87.5

86.2
86.2
86.2

100.2
100.2
100.3

101.8
101.8
101.8

101.6
101.6
101.6

102.6
102.6
102.5

103.3
103.2
103.3

102.0
101.8
102.0

104.4
104.3
104.4

104.9
104.9
104.9

69
72

104.6
104.6
104.6
104.6

109.0
109.0
109.0
108.9

112.4
112.4
112.4
112.3

113.9
113.8
113.8
113.9

114.1
114.2
114.2
114.2

117.3
117.4
117.4
117.4

102.9
103.0
102.9
102.9

104.0
104.1
104.0
104.0

105.2
105.1
105.2
105.1

106.2
106.2
106.3
106.3

107.6
107.6
107.6
107.4

108.7
108.7
108.7
108.6

109.4
109.4
109.5
109.3

110.3
110.2
110.3
110.1

73

111.3

114.8

118.0

114.6

119.6

135.6

107.3

111.1

112.5

114.4

114.3

116.0

115.2

113.6

108.7
107.0
106.9

115.2
111.2
112.1

136.0
126.5
127.4

106.0
106.0
106.1

109.3
109.3
109.2

110.6
110.5
110.4

111.2
111.3
111.1

111.0
110.9
110.6

112.6
112.3
111.9

111.2
110.8
110.4

109.3
108.8
108.4

101.7
101.7
101.3
101.6

101.8
101.8
101.2
101.7

102.9
102.8
102.1
102.8

103.2
103.1
102.4
103.0

103.5
103.4
102.6
103.1

104.1
103.9
103.1
103.6

104.7
104.3
103.4
103.9

70
71

74
75
76

109.3
109.3
109.2

111.0
110.7
110.3

112.4
111.7
111.3

77
78
79
80

101.9
101.9
101.4
101.9

103.9
103.7
102.9
103.4

106.2
105.6
104.5
104.9

108.3
107.1
105.9
105.4

109.7
107.5
106.7
103.8

110.7
107.2
106.5
99.7

101.2
101.2
101.0
101.2

.81

103.0

102.5

95.6

84.2

99.4

111.2

100.8

102.3

103.6

105.3

105.1

103.0

101.4

100.4

82
83
84

98.9
98.8
98.9

95.1
95.1
95.1

86.4
86.3
86.4

75.3
75.2
75.2

87.4
87.4
87.4

94.6
94.6
94.7

97.7

99.2
99.2
99.2

100.0
100.0
100.0

98.7

97.6
97.7

98.6
98.5
98.6

98.6
98.7

95.6
95.6
95.6

93.8
93.7
93.8

92.3
92.3
92.3

85
86
87
88

104.3
104.2
104.2
104.2

107.8
107.8
107.8
107.8

110.7
110.7
110.7
110.7

111.9
112.0
111.9
111.9

113.6
113.7
113.6
113.7

117.4
117.6
117.5
117.6

103.2
103.2
103.2
103.2

103.9
103.9
103.8
103.8

104.5
104.4
104.4
104.4

105.4
105.4
105.3
105.3

106.6
106.6
106.5
106.5

107.8
107.8
107.8
107.8

108.2
108.2
108.2
108.2

108.8
108.8
108.7
108.8

SURVEY OF CURRENT BUSINESS

August 1994 • 35

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted

1990

Line

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
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 ...
Implicit price deflator
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
Implicit price deflator
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 weicjhts
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weiqhts
Benchmark-years weights
Implicit price deflator
Residential:
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
Imolicit orice deflator




1991

1992

I

II

III

IV

I

II

III

IV

1994

1993

I

II

III

IV

147.5

149.7

151.6

153.8

113.6
113.2
113.2

114.5
113.9
113.9

114.9
114.3
114.3

115.9
115.3
115.3
133.9
133.5
133.5
132.7

I

II

III

IV

139.7

142.5

144.0

I

II

155.8

158.2

160.3

116.5
115.8
115.8

117.6
116.9
116.9

118.0
117.3
117.3

135.0
134.5
134.5
133.8

135.9
135.5
135.5
134.4

137.0
136.6
136.6
135.9

33

122.0

125.0

127.8

129.3

130.6

132.8

134.5

136.6

34
35
36

106.9
106.9
106.7

108.0
108.0
107.9

108.8
108.7
108.6

108.4
108.3
108.2

108.3
108.2
108.0

109.1
108.9
108.8

109.3
109.1
109.0

109.8
109.6
109,5

111.0
110.7
110.7

111.9
111.6
111.6

112.8
112.4
112.4

37
38
39
40

114.3
114.2
114.1
114.2

115.9
115.8
115.7
115.7

117.8
117.6
117.6
117.5

119.5
119.3
119.2
119.2

121.1
120.8
120.8
120.7

122.2
121.9
121.9
121.7

123.6
123.3
123.3
123.1

125.1
124.8
124.7
124.5

126.6
126.2
126.2
125.9

128.1
127.7
127.7
127.3

129.4
129.0
129.0
127.7

130.8
130.3
130.4
129.8

131.9
131.5
131.5
130.8

133.1
132.6
132.6
•131.9

41

110.6

111.8

108.4

100.9

97.8

97.8

101.0

101.0

99.8

105.2

106.2

109.7

113.9

116.1

117.7

123.1

129.0

137.7

42
43
44

102.3
108.0
102.1

103.3
108.4
103.2

100.2
108.1
100.1

92.8
92.5

89.6
89.2
88.8

92.9
92.2
91.9

93.1
92.4
92.1

91.7
90.7
90.6

96.8
95.7
95.6

97.9
96.3
96.4

100.8

107.3

89.4
89.2
88.8

99.1
99.2

105.3
102.6
102.7

107.6
104.1
104.1

109.7
105.2
105.2

115.1
109.6
109.6

120.0
114.1
114.1

126.6
121.0
120.9

49

113.3

111.3

111.2

107.9

103.8

103.2

103.3

102.7

1.04.3

108.4

109.3

112.4

115.3

117.7

120.1

126.4

130.4

133.8

50
51
52

105.4
105.0
104.8

103.1
102.7
102.6

102.4
102.0
101.9

99.1
98.5
98.4

94.9
94.2

94.8
93.8
93.9

94.7
93.2
93.5

95.9
94.4
94.8

99.8
98.0
98.5

100.7

94=3

94.5
93.8
93.7

98.5
99.1

103.5
101.0
101.6

106.6
103.2
103.8

108.9
104.8
•105.3

111.9
106.6
107.2

117.8
111.8
112.4

120.8
114.6
115.1

123.4
116.9
117.5

53
54
55
56

108.3
107.9
107.3
107.6

108.7
108.3
107.6
107.9

109.5
109.0
108.3
108.6

110.0
109.5
108.8
108.9

110.5
110.0
109.2
109.4

110,6
110.1
109.2
109.2

111.0
110.2
109.5
109.0

110.9
110.1
109.4
108.5

111.3
110.5
109.8
108.7

111.6
110.7
110.1
108.7

112.2
111.0
110.5
108.5

112.7
111.3
110.7
108.6

113.3
111.7
111.2
108.2

114.1
112.3
111.7
108.1

114.7
112.7
112.1
107.4

115.3
113.0
112.4
107.3

116.2
113.8
113.3
107.9

117.0
114.6
114.0
108.5

45
46
47
48

57

117.8

116.9

119.4

117.4

114.1

112.8

111.4

109.2

109.3

112.9

113.7

115.2

118.5

122.4

124.4

129.8

133.7

137.3

58
59
60

110.5
110.1
109.8

109.4
108.9
108.6

110.7
110.4
110.1

108.5
107.9
107.7

104.9
104.3
104.0

104.1
103.2
103.0

103.3
102.0
102.0

101.8

101.8

99.9

99.7

100.2

100.2

105.4
103.0
103.6

106.7
103.5
104.4

108.7
105.0
105.8

112.6
107.6
108.4

116.7
110.9
111.6

120.1
112.5
113.3

126.0
117.4
118.1

129.3
120.3
121.1

132.2
122.8
123.6

61
62
63
64

107.4
107.0
106.1
106.5

107.9
107.4
106.4
106.9

108.7
108.2
107.2
107.8

109.4
108.8
107.8
108.2

110.2
109.5
108.4
108.8

110.1
109.3
108.3
108.4

110.3
109.2
108.3
107.8

110.4
109.3
108.4
107.3

110.8
109.7
108.8
107.4

111.0
109.7
108.9
107.1

111.5
109.8
109.1
106.5

111.6
109.7
109.0
106.0

112.2
110.0
109.3
105.3

112.8
110.4
109.6
104.9

113.3
110.5
109.8
103.5

113.7
110.7
109.9
103.0

114.4
111.3
110.5
103.4

115.1
111.9
111.2
103.9

65

118.9

118.6

119.0

114.2

112.7

110.0

104.0

100.4

101.2

100.9

99.0

98.4

99.6

100.6

101.5

103.1

100.8

105.9

66
67
68

106.8
106.7
106.8

106.0
105.9
106.0

105.6
105.5
105.6

100.9
100.8
100.9

99.1
99.1
99.1

96.5
96.5
96.5

91.0
91.0
91.0

88.4
88.4
88.4

89.0
89.0
89.0

88.7
88.7
88.7

86.6
86.6
86.6

85.4
85.5
85.5

85.9
86.0
86.0

86.0
86.0
86.0

86 !l
86.1
86.1

86.8
86.8
86.8

84.1
84.2
84.2

87.9
88.0
88.0

69
70
71
72

111.4
111.4
111.4
111.3

112.0
112.0
112.0
111.9

112.8
112.8
112.8
112.7

113.3
113.3
113.3
113.3

113.7
113.7
113.7
113.8

113.9
113.9
113.9
114.0

114.3
114.2
114.3
114.3

113.5
113.6
113.6
113.6

113.6
113.6
113.6
113.7

113.7
113.8
113.8
113.8

114.2
114.2
114.2
114.3

115.1
115.1
115.1
115.2

115.8
115.8
115.8
115.9

116.9
116.9
116.9
116.9

117.8
117.9
117.9
117.9

118.8
118.8
118.8
118.8

119.7
119.7
119.7
119.8

120.3
120.3
120.3
120.4

73

117.2

116.1

119.6

119.1

114.9

114.3

115.3

113.9

113.6

119.2

121.4

124.1.

128.4

133.9

136.3

143.8

150.9

153.8

74
75
76

112.5
111.8
111.4

111.2
110.4
110.0

113.4
113.0
112.5

112.6
111.7
111.3

108.0
107.0
106.6

108.1
106.8
106.5

109,8
108.0
107.9

108.9
106.2
106.5

108.5
105.5
106.1

114.2
110.8
111.5

117.3
112.8
113.8

120.9
115.8
116.8

126.5
119.6
120.6

132.8
124.7
125.6

137.9
127.2
128.2

146.6
134.4
135.3

153.0
140.5
141.4

155.4
142.3
143.3

77
78
79
80

105.3
104.8
103.7
104.2

105.7
105.1
104.0
104.4

106.6
105.9
104.7
105.4

107.4
106.6
105.4
105.8

108.3
107.3
106.1
106.4

108.1
107.1
105.8
105.7

108.2
106.8
105.6
105.0

108.7
107.2
106.1
104.6

109.3
107.7
106.7
104.7

109.6
107.7
106.8
104.4

110.0
107.5
106.8
103.5

109.8
107.1
106.4
102.6

110.3
107.3
106.6
101.5

110.7
107.4
106.6
100.8

110.9
107.2
106.4

111.1
107.1
106.3

111.7
107.5
106.7

112.5
108.2
107.4

98.8

98.1

98.7

99.0

81

103.5

98.7

93.2

86.9

81.1

81.9

85.5

88.2

93.2

98.6

99.6

106.1

108.3

107.3

110.7

118.6

123.0

126.2

82
83
84

94.0
93.9
94.0

89.3
89.3
89.3

83.9
83.8
83.9

78.3
78.2
78.3

72.9
72.8
72.9

73.3
73.2
73.3

76.0
75.9
76.0

78.8
78.7
78.8

82.9
82.8
82.9

87.2
87.2
87.2

87.4
87.4
87.4

92.2
92.2
92.2

93.4
93.4
93.5

91.6
91.6
91.7

93.7
93.6
93.7

99.7
99.7
99.8

102.1
102.1
102.2

103.9
103.9
104.0

85
86
87
88

110.2
110.2
110.1
110.2

110.5
110.5
110.5
110.5

111.1
111.1
111.1
111.1

111.1
111.1
111.1
111.1

111.3
111.3
111.3
111.2

111.7
111.8
111.7
111.7

112.6
112.6
112.6
112.5

112.1
112.1
112.0
111.9

112.4
112.5
112.4

113.0
113.1
113.0
iis.n

113.9
114.0
114.0
iun

115.1
115.2
115.1

115.7
115.9
115.8

116.9
117.2
117.1

118.0
118.2
118.1

120.2
120.4
120.3

11RQ

1179

121.1
121.4
121.3

11S.1

118.8
119.0
118.9
nan

11?4

11R9

19ns

191 4

36 • August 1994

SURVEY OF CURRENT BUSINESS

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted

Line

Exports of goods and 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
Im elicit orice 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 weignts
Implicit price deflator
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Beinch mark-years weignts
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 weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixea 1987 weights*
Chain-type annual weights
Benchmark-years weignts
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:
Fixea 1987 weights
Chain-type annual weignts
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imolicit orice deflator




1988

1989

1990

1991

1992

1993

1988

1989

I

II

III

IV

I

II

III

IV

89

122.0

139.6

153.1

165.2

175.3

181.1

115.0

120.6

124.3

128.3

134.6

140.0

139.9

143.9

90
91
92

115.9
115.7
115.5

129.6
129.3
129.2

140.3
139.4
139.5

149.1
147.3
147.6

159.0
155.5
156.5

165.5
159.7
160.8

111.9
111.8
111.8

114.6
114.5
114.4

116.5
116.3
116.1

120.4
120.1
119.9

124.9
124.7
124.7

129.7
129.4
129.2

129.9
129.6
129.5

134.0
133.5
133.4

93
94
95
96

105.7
105.5
105.1
105.3

108.2
108.0
107.3
107.7

110.0
109.8
108.9
109.1

112.6
112.1
111.2
110.8

113.9
112.8
112.0
110.2

115.3
113.4
112.6
109.4

103.0
102.9
102.7
102.8

105.6
105.4
105.0
105.2

107.1
106.9
106.3
106.7

107.0
106.9
106.3
106.6

108.1
107.9
107.3
107.8

108.4
108.2
107.6
107.9

108.0
107.9
107.2
107.6

108.1
107.9
107.2
107.4

97

108.9

115.9

123.9

122.5

131.8

142.9

106.6

107.4

108.6

113.0

113.4

116.3

116.1

117.9

98
99
100

103.7
103.5
103.5

107.6
107.0
106.8

111.5
110.6
110.5

110.9
108.7
109.0

120.5
116.3
117.5

133.4
126.7
127.9

102.7
102.6
102.7

101.6
101.5
101.5

103.7
103.6
103.5

106.7
•106.4
106.3

105.4
105.0
104.8

106.9
106.4
106.2

108.6
107.9
107.7

109.5
108.7
108.6

101
102
103
104

105.4
105.2
104.8
105.1

108.5
108.3
107.4
107.8

112.4
112.1
110.7
111.2

113.8
112.7
111.3
110.5

115.4
113.6
112.5
109.4

115.2
112.8
111.7
107.1

104.0
103.9
103.8
103.9

106.0
105.9
105.5
105.7

105.0
104.8
104.3
104.7

106.5
106.2
105.5
106.0

108.3
108.0
107.3
107.6

109.4
109.3
108.3
108.8

107.8
107.6
106.7
106.9

108.6
108.4
107.4
107.7

105

104.2

110.6

118.8

124.5

127.7

130.3

102.6

103.7

104.2

106.4

107.8

110.1

111.8

112.8

106
107
108

100.6
100.6
100.6

102.6
102.6
102.5

105.8
105.8
105.6

107.1
106.9
106.8

106.3
106.2
106.0

105.5
105.3
105.1

100.2
100.1
100.2

100.5
100.3
100.4

100.2
100.2
100.2

101.5
101.6
101.4

101.0
101.1
101.0

102.4
102.4
102.2

103.5
103.5
103.3

103.5
103.6
103.4

109
110
111
112

103.7
103.6
103.7
103.6

107.9
107.8
107.9
107.8

112.6
112.3
112.4
112.3

116.8
116.4
116.6
116.3

120.8
120.2
120.5
120.1

124.5
123.7
124.0
123.5

102.4
102.4
102.4
102.4

103.3
103.3
103.3
103.2

104.1
104.0
104.2
103.9

104.8
104.8
104.9
104.8

106.7
106.6
106.7
106.7

107.6
107.5
107.6
107.5

108.2
108.1
108.2
108.1

109.1
109.0
109.1
109.0

113.

100.5

104.3

110.8

115.8

116.6

115.2

100.4

100.3

99.6

101.8

101.9

104.3

105.8

105.2

114
115
116

98.0
97.9
97.9

97.7

100.5
100.1

97.0

92.7

97.8
97.5

99.8
99.7
99.4

96.9
96.5

92.5
92.1

98.0
97.7
97.8

97.1
97.0
97.0

98.3
98.5
98.2

96.1
96.3
96.1

97.9
98.0
97.7

99.1
99.0
98.8

97.7
97.7

99.8

98.7
98.4
98.6

117
118
119
120

102.8
102.7
102.8
102.6

107.0
106.7
106.9
106.8

111.8
111.2
111.4
111.0

116.5
115.7
116.0
115.3

121.5
120.4
120.9
120.2

126.1
124.6
125.1
124.4

101.9
101.9
101.9
101.8

102.6
102.6
102.6
102.3

103.0
102.8
103.1
102.6

103.7
103.5
103.7
103.6

106.0
105.8
106.0
106.0

106.7
106.4
106.6
106.6

107.2
106.8
107.1
106.8

108.2
107.7
108.0
107.7

121

101.2

102.7

107.5

110.5

107.6

103.7

101.6

100.9

100.7

101.6

100.5

102.1

104.5

103.6

122
123
124

98.3
98.2

97.1
96.5
96.5

96.4

83.4
82.8
82.7

99.6
99.5
99.5

98.3
98.2
98.2

96.4

94.6
94.7

96.0
95.8
95.7

98.2

97.4
97.2

97.8
97.8
97.6

94.7

95.5
95.5

89.5
88.9
88.8

97.4

98.1

96.3
96.1
96.0

97.8
97.7

96.0
96.0

125
126
127
128

103.1
103.0
102.9
103.0

107.1
106.9
106.7
106.6

112.1
111.4
111.4
110.7

116.5
115.8
115.7
114.7

122.0
121.1
121.1
120.2

126.6
125.3
125.3
124.2

102.1
102.1
102.0
102.0

102.9
102.8
102.7
102.7

103.4
103.3
103.2
103.3

103.9
103.9
103.6
103.9

106.3
106.2
106.0
106.1

106.8
106.6
106.4
106.4

107.1
106.9
106.7
106.4

108.3
107.8
107.8
107.5

129

98.5

109.5

121.1

132.5

145.1

151.7

96.8

98.2

96.3

102.5

106.3

111.4

109.8

110.5

130
131
132

97.1
96.8
97.2

102.0
103.2
102.4

108.2
109.8
108.7

113.4
114.9
113.5

120.8
122.4
121.0

121.7
123.4
122.0

95.7
94.9
95.5

97.0
96.2
96.8

96.0
95.8
96.3

99.8

100.5
100.2

100.5
101.5
100.8

103.9
105.1
104.2

101.8
103.0
102.2

101.9
103.0
102.3

133
134
135
136

102.0
101.7
102.6
101.4

106.7
106.1
107.3
107.3

110.8
110.3
111.4
112.0

116.6
115.4
116.8
116.9

119.8
118.6
120.0
120.2

124.3
122.9
124.4
124.7

101.5
101.5
101.8
101.2

101.9
101.8
102.4
101.2

101.6
101.1
102.6
100.4

102.9
102.3
103.8
102.6

105.2
104.7
106.0
105.8

106.4
105.8
107.0
107.1

107.3
106.6
107.8
107.8

107.8
107.3
108.4
108.4

137

107.1

115.5

125.0

131.2

136.2

141.9

104.3

106.3

107.7

109.9

112.4

114.5

116.5

118.7

138
139
140

102.6
102.6
102.6

106.4
106.4
106.4

110.5
110.5
110.5

112.2
112.2
112.2

113.4
113.3
113.3

115.4
115.1
115.2

101.5
101.5
101.5

102.4
102.4
102.4

102.7
102.7
102.7

103.9
103.9
103.9

104.9
104.8
104.8

105.8
105.8
105.8

106.9
106.8
106.9

108.0
108.0
108.0

141
142
143
144

104.3
104.3
104.3
104.3

108.6
108.6
108.6
108.6

113.2
113.2
113.1
113.2

117.0
117.0
116.9
116.9

120.3
120.2
120.2
120.1

123.4
123.3
123.2
123.0

102.8
102.8
102.8
102.8

103.8
103.8
103.8
103.8

104.9
104.9
104.9
104.9

105.8
105.8
105.7
105.7

107.2
107.2
107.2
107.2

108.2
108.3
108.3
108.2

109.0
109.0
109.0
109.0

109.9
109.9
109.9
109.9

97.5

SURVEY OF CURRENT BUSINESS

August 1994 •'

37

Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted
Line

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

..

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
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 weignts
Implicit price deflator
National defense:
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

.

...

...

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 weignts
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

^

1990

I

II

89

148.9

152.1

152.6

158.7

158.4

90
91
92

137.9
137.3
137.2

140.4
139.7
139.8

139.7
138.7
138.8

143.0
142.1
142.1

142.6
141.1
141.2

93
94
95
96

108.8
108.5
107.7
108.0

109.2
108.9
108.1
108.3

110.3
110.1
109.2
109.2

111.9
111.6
110.7
111.0

112.6
112.3
111.3
111.1

97

121.5

121.3

125.0

128.0

98
99
100

110.9
110.1
110.0

112.4
111.7
111.5

112.6
111.7
111.6

109.9
108.8
108.8

101
102
103
104

110.3
110.1
108.9
109.5

108.8
108.5
107.3
107.9

112.0
111.7
110.3
111.1

105

116.6

117.7

106
107
108

105.3
105.3
105.1

105.6
105.5
105.4

109
110
111
112

111.0
110.8
110.9
110.7

113
114
115
116
117
118
119
120

I

III

IV

I

II

165.4

165.4

171.4

173.6

149.5
147.8
148.1

149.7
147.8
148.2

154.6
152.6
153.0

156.9
154.4
155.1

112.3
112.0
111.0
110.7

112.3
111.8
110.9
110.5

113.0
112.3
11.1.4
110.9

120.2

121.0

122.9

106.4
104.7
104.8

110.0
108.1
108.2

112.8
110.3
110.7

118.3
118.0
116.2
116.5

115.5
114.7
113.2
113.0

113.0
112.0
110.6
110.0

118.9

122.1

124.3

105.4
105.4
105.2

106.9
107.0
106.7

107.7
107.7
107.4

111.8
111.6
111.7
111.5

113.1
112.8
112.9
112.8

114.4
114.1
114.2
114.2

109.8

110.1

109.9

100.1
100.0
99.8

100.0
99.6
99.5

98.6
98.5
98.3

110.3
109.8
110.1
109.7

111.0
110.5
110.7
110.1

1994

1993
III

IV

I

II

III

IV

I

ii

173.8

175.5

178.4

177.7

181.4

178.3

186.9

185.3

193.2

157.5
154.1
155.2

159.5
155.5
156.7

162.3
157.9
159.1

161.9
157.1
158.2

164.9
159.8
160.9

163.6
157.2
158.3

171.8
164.8
165.8

170.2
162.4
163.5

176.6
168.4
169.5

113.2
112.4
111.6
110.7

113.8
112.8
112.1
110.4

114.1
112.9
112.2
110.0

114.3
112.9
112.2
109.9

114.7
113.1
112.4
109.8

115.3
113.5
112.8
110.0

11.5.4
113.4
112.7
109.0

115.6
113.5
112.7
108.8

116.7
114.2
113.5
108.8

117.4
114.9
114.2
109.4

125.7

126.6

130.9

133.4

136.4

137.3

142.7

143.2

148.2

150.1

158.4

114.3
111.7
112.1

116.1
112.7
113.7

119.7
115.9
117.0

122.2
117.4
118.7

124.1
119.2
120.5

127.6
122.0
123.3

132.1
125.7
127.0

134.4
127.2
128.5

139.5
131.7
132.9

142.7
134.4
135.6

149.0
139.9
141.2

112.6
111.4
110.0
109.0

114.1
112.6
111.4
110.0

113.9
112.2
111.1
109.0

114.8
113.1
112.0
109.4

116.7
114.7
113.6
109.2

116.4
114.4
113.3
109.9

114.7
112.6
111.5
107.7

115.9
113.5
112.4
108.1

115.0
112.5
111.4
106.5

115.3
112.5
111.4
106.2

114.5
111.6
110.5
1Q5.2

116.4
113.3
112.2
106.3

124.6

124.5

124.6

126.4

126.7

128.4

129.1

129.0

130.0

130.8

131.3

131.6

132.3

107.8
107.5
107.4

106.8
106.6
106.4

106.0
106.0
105.7

106.4
106.3
106.1

105.6
105.5
105.3

106.5
106.3
106.1

106.7
106.6
106.4

105.1
105.1
104.9

105.4
105.3
105.1

105.7
105.4
105.2

105.7
105.3
105.1

104.4
104.4
104.2

103.9
104.0
103.8

115.8
115.5
115.6
115.4

116.2
115.9
116.0
115.6

117.1
116.8
116.9
116.6

118.0
117.5
117.7
117.5

119.5
119.0
119.2
118.9

120.5
120.0
120.2
120.0

121.4
120.8
121.1
120.6

121.8
121.1
121.4
121.0

123.5
122.7
123.0
122.7

124.3
123.5
123.7
123.4

124.9
124.1
124.3
123.7

125.4
124.6
124.9
124.2

126.7
126.1
126.3
126.1

128.3
127.4
127.6
127.3

113.4

117.4

116.9

115.1

113.9

115.7

115.2

117.6

118.1

116.1

115.6

115.0

114.2

113.7

113.0

100.4
100.6
100.1

102.7
102.5
102.0

102.4
101.6
101.6

99.6
99.2
99.0

97.2
97.1
96.7

96.9
96.8
96.4

95.7
95.6
95.2

97.7
97.3
97.0

97.9
97.8
97.5

93.9
94.0
93.7

93.1
93.1
92.7

92.4
91.9
91.6

91.2
90.9
90.5

88.8
89.2
88.9

86.7
87.2
86.8

112.4
111.7
112.0
111.5

113.5
112.6
113.0
112.9

115.4
114.6
114.9
114.3

115.7
115.1
115.3
114.2

116.7
116.0
116.3
115.5

118.3
117.2
117.7
117.2

120.5
119.5
119.9
119.4

121.3
120.4
120.8
120.4

122.0
120.8
121.3
120.4

122.2
120.9
121.4
120.6

125.0
123.5
124.0
123.6

125.7
124.2
124.7
124.2

126.5
125.0
125.5
124.5

127.0
125.7
126.2
125.3

128.5
127.5
128.0
128.1

131.1
129.8
130.2
130.2

III

IV

II

121

106.8

107.0

105.8

110.4

113.6

111.8

109.9

106.7

106.9

106.2

109.1

108.2

105.1

104.7

102.4

102.4

99.9

99.6

122
123
124

97.7
97.1
97.1

97.6
96.7
96.9

95.4
94.6
94.7

97.8
97.4
97.2

100.0
99.3
99.2

98.8
97.3
97.6

95.6
94.6
94.7

91.0
90.6
90.5

89.3
89.0
88.8

88.2
87.6
87.6

90.6
89.7
89.7

89.9
89.2
89.2

85.0
84.6
84.6

84.5
84.0
83.9

82.5
81.5
81.5

81.7
80.9
80.8

78.2
78.2
78.1

77.0
76.9
76.9

125
126
127
128

110.6
110.0
110.0
109.4

111.3
110.7
110.6
109.6

112.7
111.9
111.9
111.0

114.0
113.1
113.1
112.9

115.3
114.4
114.4
113.6

115.5
114.9
114.8
113.2

116.7
116.1
115.9
114.9

118.7
117.7
117.8
117.2

121.0
120.1
120.2
119.7

121.9
121.1
121.1
120.4

122.6
121.7
121.8
120.4

122.7
121.4
121.5
120.4

125.6
124.3
124.3
123.7

126.0
124.6
124.6
123.9

127.0
125.6
125.6
124.1

127.9
126.6
126.7
125.3

129.0
127.8
127.9
127.7

131.2
129.6
129.6
129.3

129

119.1

119.7

122.8

122.8

129.1

133.0

131.6

136.4

143.2

143.4

144.5

149.4

150.7

150.1

154.6

151.4

157.3

155.2

130
131
132

107.7
109.3
108.2

107.4
108.9
108,0

108.9
110.6
109.5

108.6
110.5
109.1

111.0
112.8
1.11.1

113.8
115.2
114.0

112.3
113.8
112.5

116.5
117.8
116.6

120.5
121.6
120.4

119.3
121.2
119.6

120.0
121.7
120.2

123.4
125.3
123.7

122.0
124.1
122.6

120.1
122.0
120.5

123.5
125.1
123.6

121.0
122.6
121.2

121.8
124.4
122.9

117.4
119.8
118.3

133
134
135
136

109.5
109.0
110.1
110.5

110.2
109.9
110.8
111.4

111.4
110.9
112.0
112.8

112.0
111.2
112.6
113.1

115.8
114.8
116.1
116.4

116.5
115,4
116.8
116.9

116.8
115.6
117.0
117.3

117.1
115.8
117.2
117.0

118.8
117.8
119.2
118.8

119.5
118.4
119.8
120.3

120.2
118.7
120.2
120.5

120.9
119.4
120.9
121.1

123.0
121.5
123.0
123.5

124.7
123.1
124.6
125.0

125.1
123.6
125.1
125.2

124.4
123.5
125.0
125.1

127.2
126.5
127.9
129.1

130.9
129.7
131.2
132.2

137

121.8

123.6

125.9

128.9

129.6

130.6

131.8

132.8

134.8

135.6

136.8

137.6

139.0

141.2

143.0

144.5

145.4

147.3

138
139
140

109.3
109.3
109.3

109.9
110.0
110.0

110.7
110.7
110.7

111.9
111.9
111.9

111.6
111.6
111.6

112.1
112.1
112.0

112.3
112.3
112.2

112.8
112.8
112.8

113.8
113.6
113.6

113.3
113.1
113.1

113.3
113.1
113.2

113.5
113.3
113.4

113.8
113.6
113.6

115.0
114.7
114.8

116.0
115.7
115.7

116.9
116.5
116.5

116.4
116.2
116.2

117.3
116.9
117.0

141
142
143
144

111.5
111.5
111.4
111.5

112.4
112.4
112.4
112.4

113.7
113.7
113.6
113.7

115.1
115.1
115.1
115.2

116.1
116.1
116.1
116.1

116.6
116.6
116.5
116.5

117.4
117.4
117.3
117.3

117.8
117.8
117.7
117.7

118.7
118.7
118.6
118.5

120.0
119.9
119.9
119.8

121.0
120.9
120.9
120.7

121.5
121.4
121.4
121.2

122.4
122.3
122.3
122.2

123.2
123.1
123.0
122.8

123.7
123.6
123.6
123.3

124.1
124.0
124.0
123.6

125.3
125.2
125.2
124.9

126.1
126.0
125.9
125.6

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




1992

1991

the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963, 1967,
1972,1977,1982,1987,1992, and the most recent year. Percent changes from preceding period for selected items
in this table are shown in table 8.1.

$8 • August 1994

SURVEY OF CURRENT BUSINESS

Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
Seasonally adjusted
Line

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
Implicit price deflator
Final sales of domestic product1:
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
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 weights
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




1

1989

107.9

115.7

1990

1225

1991

1992

1993

1988

126.1

132.6

139.7

104.7

107.0

109.0

113.1
112.2
112.0

102.5
102.5
102.5

103.6
103.6
103.5

104.3
104.2
104.1

113.4

115.2

116.3

117.7

105.3
105.3
105.1

106.1
106.1
105.9

106.6
106.6
106.4

106.6
106.6
106.4

107.0
107.0
106.8

105.6
105.6
105.6
105.5

106.9
106.9
106.8
106.9

108.2
108.1
108.0
108.1

109.2
109.0
109.0
109.1

110.2
110.0
110.0
110.1

2
3
4

103.9
103.9
103.8

106.6
106.6
106.4

107.9
107.9
107.7

107.2
107.2
106.9

109.7
109.4
109.3

5
6
7
8

104.0
103.9
103.9
103.9

108.6
108.5
108.5
108.5

113.6
113.2
113.3
113.3

118.1
117.7
117.8
117.6

121.9
121.2
121.4
120.9

125.5
124.6
124.8
123.5

102.2
102.1
102.1
102.1

103.3
103.3
103.3
103.2

104.7
104.6
104.6
104.5

9

108.2

115.6

122.7

126.9

133.3

140.2

104.9

107.3

109.2

111.4

113.1

115.0

116.5

117.7

10
11
12

104.1
104.1
104.0

106.5
106.5
106.3

108.4
108.3
108.1

107.9
107.7
107.5

110.3
109.9
109.8

113.4
112.4
112.3

102.7
102.7
102.6

103.9
103.9
103.8

104.4
104.4
104.2

105.4
105.4
105.3

105.8
105.8
105.7

106.4
106.4
106.2

106.9
106.8
106.6

107.0
107.0
106.8

13
14
15
16

104.0
104.0
103.9
103.9

108.6
108.5
108.5
108.5

113.6
113.3
113.3
113.2

118.2
117.8
117.8
117.6

122.0
121.4
121.5
120.9

125.6
124.7
124.8
123.6

102.2
102.2
102.2
102.1

103.3
103.3
103.3
103.3

104.7
104.7
104.7
104.7

105.7
105.6
105.6
105.6

107.0
106.9
106.9
106.9

108.2
108.1
108.1
108.1

109.2
109.1
109.1
109.0

110.2
110.0
110.0
110.0

17

106.9

113.8

120.0

122.7

129.2

136.8

104.1

106.0

107.7

110.0

111.8

113.4

18
19
20

103.0
102.9
102.9

104.9
104.8
104.7

105.7
105.8
105.6

104.4
104.2
104.1

107.0
106.6
106.6

111.2
110.0
110.0

101.8
101.8
101.8

102.6
102.5
102.5

103.3
103.2
103.2

104.3
104.2
104.1

104.6
104.6
104.4

104.8
104.8
104.6

105.0
105.0
104.8

105.1
105.2
105.0

21
22
23
24

104.0
103.9
103.9
103.9

108.6
108.6
108.5
108.5

113.7
113.4
113.4
113.4

118.1
117.7
117.7
117.5

121.8
121.3
121.3
120.7

125.2
124.4
124.5
123.0

102.3
102.3
102.3
102.2

103.4
103.4
103.4
103.3

104.5
104.5
104.5
104.3

105.6
105.6
105.5
105.5

107.0
106.9
106.9
106.9

108.3
108.2
108.1
108.2

109.1
1093
108.9
109.0

1T0.2
110.0
110.0
110.0

25

107.2

113.8

120.5

123.4

129.9

137.3

104.3

106.3

108.0

110.2

111.5

113.2

114.7

115.7

26
27
28

103.1
103.1
103.0

104.8
104.8
104.7

106.2
106.1
106.0

105.0
104.7
104.7

107.6
107.0
107.1

111.5
110.2
110.3

102.0
102.0
101.9

102.8
102.8
102.7

103.4
103.3
103.3

104.4
104.4
104.3

104.3
104.2
104.1

104.6
104.6
104.4

105.2
105.1
105.0

105.2
105.1
105.0

29
30
31
32

104.0
104.0
103.9
103.9

108.7
108.6
108.5
108.5

113.8
113.5
113.4
113.4

118.2
117.8
117.7
117.6

121.9
121.4
121.4
120.7

125.3
124.6
124.5
123.1

102.3
102.3
102.3
102.3

103.5
103.4
103.4
103.4

104.6
104.5
104.5
104.5

105.7
105.6
105.5
105.6

107.0
106.9
106.9
106.9

108.3
108.2
108.2
108.2

109.2
109.1
109.0
108.9

110.2
110.1
110.0
110.0

115.7

SURVEY OF CURRENT BUSINESS

August 1994 • 39

Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases—Continued
[Index numbers, 1987=100]
Seasonally adjusted

Line

1990

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
Implicit price deflator
Final sales of domestic product l :
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
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 weights
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

II

III

IV

I

II

III

IV

I

II

1993

III

IV

I

II

1994

III

IV

1

II

1

120.3

122.0

123.0

123.3

124.2

125.7

126.9

127.7

129.9

131.5

133.1

135.9

137.4

138.8

140.1

142.7

144.8

147.3

2
3
4

107.9
108.0
107.7

108.3
108.4
108.1

108.1
108.1
107.9

107.2
107.3
107.0

106.7
106.7
106.4

107.2
107.2
106.9

107.5
107.4
107.2

107.5
107.4
107.2

108.3
108.2
108.0

109.0
108.8
108.6

109.9
109.6
109.5

111.5
111.0
110.9

111.8
111.2
111.0

112.5
111.7
111.5

113.2
112.2
112.0

114.9
113.6
113.4

115.9
114.5
114.3

117.0
115.6
115.4

... 5
6
7
8

111.7
111.5
111.5
111.5

112.9
112.7
112.7
112.7

114.3
113.9
114.0
113.8

115.3
114.9
115.0
115.0

116.8
116.4
116.5
116.4

117.7
117.3
117.4
117.2

118.6
118.2
118.3
118.0

119.4
118.9
119.0
118.8

120.5
120.0
120.2
119.9

121.5
120.9
121.1
120.7

122.3
121.6
121.8
121.1

123.2
122.4
122.6
121.9

124.4
123.6
123.8
122.9

125.2
124.3
124.5
123.4

125.8
124.9
125.1
123.7

126.6
125.6
125.8
124.1

127.5
126.6
126.8
125.0

128.5
127.5
127.7
125.9

9

120.8

122.0

123.5

124.6

125.3

126.7

127.4

128.1

130.8

132.2

133.8

136.5

137.7

139.2

140.6

143.3

145.1

146.7

10
11
12

108.4
108.3
108.2

108.3
108.2
108.1

108.5
108.4
108.2

108.3
108.2
108.0

107.6
107.6
107.3

108.1
107.9
107.8

107.9
107.7
107.5

107.8
107.6
107.5

109.1
108.9
108.7

109.5
109.2
109.1

110.4
110.0
110.0

112.0
111.4
111.3

112.0
111.3
111.3

112.7
111.8
111.8

113.6
112.4
112.4

115.4
114.0
113.9

116.0
114.6
114.5

116.4
115.0
114.9

13
14
15
16

111.8
111.5
111.5
111.4

113.0
112.8
112.7
112.7

114.3
114.0
114.0
113.9

115.4
115.0
115.1
115.0

116.9
116.5
116.5
116.4

117.8
117.4
117.4
117.2

118.7
118.3
118.3
118.1

119.5
119.0
119.1
118.8

120.6
120.2
120.2
119.9

121.6
121.1
121.2
120.7

122.4
121.8
121.9
121.1

123.3
122.5
122.6
121.9

124.5
123.7
123.8
122.9

125.3
124.4
124.5
123.5

125.9
125.0
125.1
123.8

126.7
125.8
125.9
124.2

127.7
126.8
126.9
125.1

128.6
127.6
127.7
126.0

17

118.2

119.6

120.9

121.1

121.1

122.1

123.4

124.1

126.1

128.2

129.9

132.6

134.2

135.9

137.4

139.9

142.2

144.9

18
19
20

105.9
105.9
105.7

106.3
106.3
106.1

106.1
106.1
106.0

104.7
104.8
104.6

103.8
103.8
103.6

104.2
104.1
104.0

104.8
104.6
104.5

104.6
104.4
104.3

105.4
105.2
105.1

106.4
106.1
106.0

107.4
106.9
106.9

108.9
108.3
108.3

109.6
108.8
108.7

110.5
109.4
109.4

111.6
110.2
110.2

113.2
111.5
111.5

114.6
112.8
112.8

115.8
114.0
113.9

21
22
23
24

111.8
111.6
111.5
111.6

112.8
112.6
112.5
112.6

114.3
114.0
114.0
114.0

115.9
115.6
115.6
115.6

117.0
116.6
116.6
116.6

117.6
117.2
117.2
117.1

118.5
118.1
118.0
117.8

119.3
118.9
118.9
118.6

120.4
119.9
120.0
119.7

121.4
120.9
120.9
120.5

122.4
121.8
121.8
120.9

123.1
122.5
122.5
121.8

124.1
123.4
123.5
122.5

124.9
124.2
124.2
123.0

125.4
124.7
124.7
123.2

126.2
125.4
125.5
123.6

127.0
126.2
126.3
124.2

128.0
127.2
127.2
125.1

25

118.7

119.6

121.4

122.3

122.1

123.1

123.9

124.5

127.0

128.8

130.5

133.2

134.5

136.2

137.9

140.4

142.5

144.3

26
27
28

106.4
106.3
106.2

106.3
106.1
106.0

106.5
106.4
106.3

105.8
105.7
105.5

104.8
104.6
104.5

105.1
104.9
104.8

105.2
104.9
104.8

104.9
104.6
104.5

106.1
105.8
105.8

106.9
106.4
106.5

107.9
107.3
107.4

109.4
108.6
108.7

109.8
108.9
109.0

110.7
109.6
109.6

111.9
110.5
110.5

113.6
111.9
111.9

114.7
112.9
112.9

115.2
113.4
113.5

29
30
31
32

111.9
111.7
111.6
111.5

112.9
112.7
112.6
112.6

114.4
114.1
114.0
114.0

116.0
115.7
115.6
115.6

117.0
116.7
116.6
116.6

117.7
117.4
117.2
117.1

118.5
118.2
118.1
117.9

119.4
119.0
118.9
118.7

120.5
120.1
120.0
119.6

121.5
121.0
121.0
120.5

122.5
121.9
121.9
120.9

123.2
122.6
122.6
121.8

124.2
123.6
123.5
122.5

125.0
124.3
124.3
123.1

125.5
124.8
124.8
123.2

126.3
125.6
125.5
123.6

127.1
126.4
126.3
124.3

128.1
127.3
127.3
125.2

. . . .

1. Equals GOP 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.




1992

1991

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.

40 « August 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
[Index numbers, 1987=100]
Seasonally adjusted
Line

1988

1990

1991

1992

1993

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 weights
Implicit price deflator

1

108.0

115.9

122.5

126.3

132.6

139.7

104.8

107.0

109.0

111.2

113.6

115.4

116.5

118.1

2
3
4

104.0
103.9
103.9

106.8
106.8
106.6

108.2
108.2
108.0

107.4
107.4
107.1

109.7
109.4
109.3

113.1
112.2
112.0

102.7
102.6
102.6

103.6
103.6
103.5

104.3
104.2
104.1

105.4
105.4
105.2

106.3
106.3
106.1

106.8
106.8
106.6

106.8
106.9
106,6

107.3
107.3
107.1

5

104.0
103.9
103.9
103.9

108.6
108.5
108.5
108.5

113.6
113.2
113.3
113.2

118.1
117.7
117.7
117.6

121.8
121.2
121.4
120.9

125.4
124.5
124.7
123.5

102.2
102.1
102.1
102.1

103.3
103.3
103.3
103.2

104.7
104.6
104.6
104.5

105.6
105.6
105.6
105.5

106.9
106.9
106.8
106.9

108.2
108.1
108.0
108.1

109.2
109.0
109.0
109.1

110.2
110.0
110.0
110.1

9
10

122.1
116.3

141.9
131.5

154.7
140.4

161.4
143.7

164.5
146.7

169.6
151.7

115.5
•112.6

119.8
114.4

123.8
116.6

129.4
121.6

137.0
127.3

142.9
132.3

142.0
131.5

145.7
134.7

11
12

122.0
1.16.5

139.6
131.4

153.1
138.5

165.2
144.0

175.3
147.5

181.1
154.5

115.0
111.5

120.6
113.9

124.3
118.2

128.3
122.2

134.6
127.4

140.0
131.5

139.9
132.2

143.9
134.6

13
14

108.0
104.0

115.9
106.8

122.5
108.0

126.3
107.5

132.6
109.8

139.7
113.4

104.8
102.6

107.0
103.6

109.0
104.4

111.2
105.4

113.6
106.3

115.4
106.7

116.5
106.9

118.1
107.3

7

Less: Exports of goods and services and receipts
of factor Income:
Current dollars
Quantity index, fixed 1987 weights

Pius: 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




SURVEY OF CURRENT BUSINESS

August 1994

Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross National Product and Command-Basis Gross
National Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted

Line

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 weights
Implicit price deflator
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

1990

I

II

III

IV

r

II

III

IV

I

II

1994

1993

III

IV

I

II

III

IV

1

II

1

120.6

122.3

123.2

123.9

124.6

125.8

127.0

127.9

130.0

131.6

133.1

135.7

137.4

138.7

140.1

142.5

144.7

147.0

2
3
4

108.2
108.2
108.0

108.6
108.5
108.4

108.3
108.3
108.1

107.7
107.8
107.6

107.1
107.1
106.8

107.4
107.3
107.1

107.6
107.5
107.3

107.7
107.6
107.4

108.5
108.3
108.1

109.0
108.9
108.7

110.0
109.7
109.5

111.4
110.9
110.8

111.9
111.2
111.1

112.4
111.7
111.5

113.3
112.3
112.1

114.8
113.5
113.3

115.8
114.4
114.2

116.8
115.4
115.2

5
6
7
8

111.7
111.5
111.5
111.5

112.9
112.7
112.7
112.7

114.3
113.9
114.0
113.8

115.3
114.9
115.0
115.0

116.8
116.4
116.4
116.4

117.6
117.3
117.3
117.2

118.6
118.1
118.2
118.0

119.4
118.9
119.0
118.7

120.5
120.0
120.1
119,9

121.5
120.9
121.1
120.7

122.3
121.6
121.8
121.1

123.1
122.3
122.5
121.9

124.4
123.5
123.7
122.8

125.1
124.2
124.4
123.3

125.7
124.8
125.0
123.7

126.5
125.6
125.8
124.1

127.5
126.6
126.8
124.9

128.4
127.4
127.6
125.8

9
10

150.5
138.2

153.3
140.1

153.6
139.2

161.5
144.1

160.0
142.2

161.6
144.1

159.8
142.6

164.1
145.9

164.4
146.2

164.6
146.5

164.1
146.5

165.0
147.5

165.7
147.9

170.1
151.5

167.6
150.2

175.2
157.3

174.8
156.6

184.3
163.9

11
12

148.9
136.9

152.1
140.8

152.6
137.5

158.7
138.7

158.4
140.4

165.4
144.7

165.4
144.2

171.4
146.7

173.6
143.0

173.8
147.6

175.5
147.2

178.4
147.2

177.7
150.3

181.4
153.7

178.3
153.4

186.9
160.4

185.3
161.2

193.2
168.0

13
14

120.6
108.0

122.3
108.6

123.2
108.1

123.9
107.2

124.6
106.9

125.8
107.4

127.0
107.7

127.9
107.8

130.0
108.6

131.6
109.2

133.1
110.0

135.7
111.3

137.4
112.1

138.7
112.7

140.1
113.6

142.5
115.2

144.7
116.3

147.0
117.2

NOTE.—-Percent changes from preceding period for selected items in this table are shown in table 8.1.




1992

1991

42 • August 1994

SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates

Line

1988

1989

1990

1992

1991

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 weignts .




1989

1988

II

I

IV

ill

II

IV

Hi

1

7.9

7.2

5.6

3.2

5.2

5.4

6.1

9.1

7.6

8.1

8.6

6.3

3.8

5.1

2
3
4

3.9
3.9
3.8

2.5
2.6
2.5

1.2
1.2
1.2

-.6
-.7
-.7

2.3
2.1
2.2

3.1
2.5
2.5

2.6
2.6
2.4

4.3
4.4
4.2

2.5
2.4
2.4

3.9
4.1
3.9

3.2
3.4
3.1

1.8
1.7
1.7

0
0
.1

1.5
1.5
1.5

5
6
7

4.0
3.9
3.9

4.5
4.4
4.4

4.6
4.4
4.4

4.0
3.9
4.0

3.2
3.0
3.1

3.0
2.8
2.8

3.7
3.5
3.4

4.5
4.5
4.5

5.4
5.4
5.4

3.7
3.7
3.6

5.0
5.0
4.9

4.8
4.6
4.6

3.8
3.6
3.7

3.7
3.5
3.6

8

8.0

6.9

6.8

3.8

6.0

5.8

9.9

7.9

8.4

8.9

5.1

7.0

6.3

5.3

9
10
11

3.6
3.6
3.5

1.9
1.9
1.9

1.5
1.5
1.5

-.4
-.5
-.5

2.8
2.6
2.7

3.3
2.9
2.9

7.1
7.1
6.8

2.5
2.5
2.5

2.9
2.9
2.8

4.1
4.1
4.0

.1
0
.1

1.1
1.0
1.0

2.9
2.8
2.8

.8
.9
.8

12

4.3

5.0

5.3

4.4

3.5

2.8

2.7

5.2

5.3

4.6

5.2

5.9

3.5

4.4

13
14

4.2
4.2

4.9
4.9

5.2
5.2

4.3
4.3

3.4
3.5

2.8
2.8

2.7
2.6

5.2
5.2

5.3
5.2

4.6
4.6

5.1
5.1

5.9
5.8

3.4
3.4

4.4
4.3

15

8.3

5.1

1.9

-2.5

7.9

9.2

21.1

4.1

16

6.2

2.8

.5

6.4

8.2

21.7

1.7

17
18

6.2
6.0

2.7
2.7

.4
.3

-4.0
-4.6
-4.5

5.9
6.1

7.4
7.4

21.6
21.4

1.7
1.4

19
20
21

2.0
2.0
1.8

2.4
2.3
2.2

1.7
1.5
1.4

2.6
2.3
2.3

2.3
1.9
2.0

2.1
1.7
1.7

-.4
-.5
-.7

2.4
2.4
2.1

3.4
3.3
3.1

3.4
3.3
3.2

2.0
2.0
2.0

2.3

3.0

3.4

4.8

8.1

9.3

7.6

1.0

2.0

3.6

3.0

3.3

2.9

.9
.9

1.8
1.8

3.5
3.4

3.0
2.9

3.1
3.1

1.3
1.3
1.3

5.0
5.0
5.0

.4

19.1

-1.8

6.2

15.3
15.3
15.3

-3.6
-3.8
-3.6

4.7

9.8

4.6
4.4

9.8
9.9

1.6
1.5
1.3

2.3
2.2
2.1

5.7

9.4

3.7

5.8

.5

-.4

2.2

2.4

2.9
2.9

.4
.6

-.5
-.5

2.2
2.1

2.4
2.4

6.0
5.9
5.9

4.5
4.5
4.5

5.3
5.2
5.2

9.9

1.6
1.5
1.5

3.3
3.3
3.2

-2.9
-2.9
-3.0

12.0

-10.2
-11.7
-11.8
-11.9

1.7
1.6
1.4

22

6.2

7.0

6.9

23

2.4

1.6

.9

24
25

2.4
2.3

1.6
1.6

-.8
.8

26
27
28

3.8
3.8
3.8

5.5
5.4
5.4

6.2
6.1
6.1

3.7
3.7
3.6

2.1
2.1
2.1

1.6
1.5
1.5

29

9.0

7.2

7.8

6.0

7.3

6.5

8.7

9.8

7.3

6.5

5.7

6.6

9.0

30
31
32

3.7
3.7
3.7

1.9
1.9
1.8

2.2
2.2
2.2

1.0
.9
.9

3.0
2.8
2.9

2.8
2.6
2.6

6.0
5.9
5.8

2.5
2.5
2.5

4.2
4.2
4.1

2.2
2.3
2.2

.8
.6
.6

1.1
1.1
1.1

1.7
1.6
1.6

3.3
3.2
3.2

33
34
35

5.1
5.1
5.1

5.3
5.3
5.2

5.6
5.5
5.5

5.2
5.1
5.2

4.7
4.6
4.6

3.7
3.7
3.7

4.3
4.3
4.2

6.1
6.1
6.0

5.4
5.4
5.4

5.0
5.0
5.0

5.9
5.8
5.8

4.5
4.5
4.5

5.0
4.9
4.9

5.7
5.8
5.7

36

5.9

4.9

-2.8

-7.9

5.8

11.9

-14.0

9.6

6.4

7.2

37
38
39

3.2
3.0
3.1

1.4
1.7
1.3

-4.7

-8.4

-4.4

-9.3
-9.1

6.1
5.2
5.6

13.0
10.4
10.4

-17.3
-17.2
-17.9

6.8
7.4
6.8

6.8
5.6
6.3

1.4
2.3
2.0

-6.9

5.2

10.4

7.1

4.7

7.3

-7.6
-8.1
-8.0

5.5

11.3

2.1

8.7

2.8

2.9

-41

-1.2
-1.3
-1.3

10.4

15.1

9.4
10.9

8.7

10.1
10.0

-1.7

-9.5

2.8

-4.1
-4.2
-4.1

-12.2

.3
1.5
.6

0
-12.3

40
41
42
A

43

7.5

2.8

44

4.2

.1

45
46

4.2
4.1

-.1
-.2

47

3.3

3.0

2.6

48
49

3.2
2.9

2.9
2.6

2.4
2.2

50

9.6

4.2

3.3

51
52
53

6.6
6.6
6.5

1.7
1.5
1.4

1.2
1.0
1.0

54
55
56

2.8
2.8
2.4

2.7
2.6
2.3

2.6
2.3
2.0

-1.7
-2.0
-1.9

11.5

1.4
-1.3
-1.6
-1.7

.2
-2.2
-2.6
-2.7

-.2
-2.3
-2.5
-2.6

-2.5
-4.4
-4.5
-4.6

4.5
5.0

8.8
8.8

1.8
1.6

8.7
8.3

2.8
2.6

3.1
2.9

1.5

1.1

2.1

5.2

2.7

2.0

4.1

3.2

3.0

2.2

2.3

1.3
1.3

.7
.9

1.4
1.4

5.1
4.8

2.6
2.2

1.8
1.5

4.0
3.8

3.1
2.9

2.9
2.7

2.2
2.0

2.1
1.9

-5.1

.8

9.7

13.8

4.6

7.4

2.3

3.6

2.2

-1.9

-5.7
-6.4

2.0
.5
1.2

11.0
10.9
10.4

2.9
2.8
2.6

2.7
3.0
2.8

.5
0
-.1

-.3
-.4
-.6

-3.7

1.8
1.7
1.3

4.3
4.2
3.9

2.6
2.4
2.2

2.0
1.5
1.4
,-•
2.3
2.2
1.9

-6.2

1.7
1.4
1.4

.9
.3
.6

10.1

9.0
9.0

5.7
5.4
5.1

1.6
.6
.6

4.3
4.3
3.9

12.5

2.7
2.6
2.0

2.6
2.5
2.3

-3.9
-4.0

2.4
2.0
1.8

SURVEY OF CURRENT BUSINESS

43

August 1994

Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line
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
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 weignts
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

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-vears weiants




9.1

5.9

3.1

3.5
3.5
3.5

1.5
1.5
1.6

-.9
-.8
-.9

5
6
7

5.8
5.6
5.5

4.4
4.4
4.5

4.7
4.4
4.6

8

9.2

5.3

8.3

9
10
11

2.8
2.7
2.7

.9
1.0
.9

2.1
2.0
2.0

12
13
14

6.6
6.3
6.4

4.2
4.2
4.2

6.3
6.1
6.2

1.0
-3.2
-3.0
-3.1

3.8
3.7
3.7
3.7
-2.7
-2.7
-2.7

7.0
6.7
6.8

1

II

4.9

8.6

4.4

4.2

3.8

7.7

6.1

6.9

2.4
2.2
2.2

3.5
3.1
3.3

5.7
5.2
5.1

1.2
.5
.5

2.4
1.8
1.8

2.7
1.8
1.8

6.3
5.1
5.1

3.3
3.2
3.2

3.8
3.9
3.9

5.1
5.2
5.1

3.1
3.2
3.2

3.3
3.1
3.1

2.7
2.5
2.6

3.9
3.8
3.9

3.3
3.1
3.2

2.7
2.3
2.4

2.8
2.5
2.5

4.2
4.0
4.0

2.4
2.3
2.3

2.0
1.9
1.9

2.4
2.5
2.4

3.1
3.2
3.2

2.9
2.7
2.7

.5

4.7

4.3

3.0

9.3

5.4

5.6

9.7

4.1

5.0

5.1

6.4

6.0

4.7

29

2.1
1.8
1.9

1.3
1.0
1.1

-.5
-.5
-.5

5.8
5.4
5.6

1.7
1.7
1.7

3.9
3.6
3.8

5.6
5.0
5.0

1.6
1.3
1.3

2.6
2.3
2.3

3.9
3.5
3.5

4.0
3.4
3.4

4.7
4.3
4.3

1.4
1.4
1.5

3.6
3.5
3.5

2.8
2.8
2.8

3.3
3.3
3.3

3.6
3.5
3.6

3.7
3.6
3.7

3.8
3.7
3.7

3.5
3.3
3.4

3.0
2.9
2.9

2.9
2.9
2.9

2.6
2.5
2.5

1.4
1.5
1.5

2.8
2.8
2.8

1.9
2.0
2.0

2.8
2.9
2.8

-2.8
-2.9

-8.6

2.4

-11.1
-12.0
-11.9

1.2
.5
.7

9.2
8.0
8.6

.4
.3
.2

.8
.7
.7

4.5
4.0
4.0

2.4
2.1
2.1

3.2
2.5
2.8

4.0

9.3

.3
.4
.4

1.7
1.7
1.7

-2.8
-2.9
-2.8

3.0
3.3
3.3

7.7
7.5
7.6

10.1

13.5

3.6

8.3

16.3

9.9

3.9

10.0

13.2
12.3
12.2

3.2
2.4
2.3

9.8
9.3
9.2

7.7
6.3
6.3

15.5
13.9
13.9

8.8
8.2
8.1

1.2
.4
.6

1.7
1.2
1.1.

3.3
2.7
2.7

2.2
1.9
1.9

2.5
2.3
2.2

1.9
1.5
1.5

4.1
3.7
3.7

.8

2.2

1.8

4.6

4.1

3.6

1.6
1.4
1.4

2.8
2.6
2.6

2.4
2.2
2.2

3.8
3.8
3.8

2.1
2.0
2.0

-.8
-.9

2.2
2.3
2.2

.2
.3
.3

1.5
1.5
1.5

1.5
1.2
1.4

2.5
2.1
2.4

3.1
2.5
2.8

9.5
9.7
1.5
1.0
1.1

1.2
1.0
1.0

-2.4

2.1

.5

-1.3

6.3

1.6

5.7

7.8

-3.0
-3.2
-3.1

.8
.7
.7

-.9
-.9
-.9

-3.3
-3.3
-3.3

4.2
4.2
4.2

-.7
-.7
-.7

2.7
2.7
2.7

6.9
6.6
6.6

.5
.7
.5

1.5
1.5
1.4

1.3
1.4
1.4

2.2
2.1
2.2

1.9
2.0
2.0

2.5
2.4
2.4

3.1
2.9
3.0

1.4
1.2
1.2

-1.6
-1.6
-1.6

12.2

2.5
2.5
2.5

.9
.8
.7

-1.1

6.6

9.3

8.1

4.5

6.1

5.1

6.1

5.3

6.1

5.5

.7
.7
.7

1.8
1.8
1.8

4.5
4.1
4.3

3.4
3.4
3.4

3.2
2.9
3.0

3.0
2.7
2.7

3.1
2.8
2.7

1.4
1.3
1.3

3.6
3.4
3.4

2.0
1.9
1.9

4.0
3.8
3.8

1.0
1.4
1.3

6.0
5.8
5.9

5.4
5.1
5.2

3.7
3.8
3.8

4.6
4.5
4.6

4.9
4.9
4.9

5.0
4.8
4.9

4.7
4.6
4.7

4.2
4.1
4.1

4.4
4.3
4.3

3.5
3.5
3.5

3.4
3.5
3.5

2.6
2.7
2.7

3.2
3.2
3.2

2.9
2.9
2.9

3.3
3.4
3.4

-11.5

-24.9

-11.9

.2

13.4

.2

-4.7

23.3

3.9

14.0

16.4

7.7

5.9

19.6

20.5

29.8

-11.3
-.8
-11.7

-26.4
-26.9

-14.0
-52.2
-15.3

.9
0
.4

15.4
13.8
14.6

1.1
1.0
.9

-6.0
-7.1
-6.4

24.2
24.0
24.0

4.4
2.4
3.5

12.5
12.0
11.8

19.3
15.1
14.9

8.9
5.8
5.6

8.0
4.3
4.2

21.3
18.0
17.9

18.0
17.3
17.4

23.8
26.3
26.1

6.4

16.9

3.2

11.9

10.7

8.6

8.3

22.5

13.3

11.0

5.4
5.1
5.5

17.0
16.2
16.6

3.8
1.8
2.4

11.7
10.7
10.6

12.3

8.9
8.8

8.9
6.4
6.3

23.0
21.2
20.9

10.6
10.2
10.3

2.1
1.6
1.5

2.9
2.3
2.1

33
34
35

5.2
5.1
5.1

5.7
5.7
5.7

6.7
6.5
6.6

1.8

4.4
3.9
1.5
4.4

3.5

10.7

.4
.2
.3

5.2

2.7
2.6
2.6

-1.5

2.7

15.5
15.1
15.3

3.0
2.8
2.9

4.5
4.4
4.4

-1.6

17.4

-3.3
-3.3
-3.3

6.7

.8
1.0
1.0

37
38
39

-2.2

4.3

6.3

30
31
32

36

10.9

-5
-.7
-.6

29

10.3

II

5.2

-6.5

9.8

I

7.1

-8.1
-8.5
-8.5

10.3

IV

3.1
3.0
3.1

.5
.4
.4

10.4
10.0
10.1

III

.1
.2
.1

1.1

26
27
28

II

2.6

-11.0
-11.2
-11.3

6.5

I

1.0
.8
.9

-11.0

.3
.1
.3

IV

3.8

17.5
17.3
17.4

10.0

1994

1993

III

2.2
1.7
2.0

20.1

2.4
2.1
2.1

II

5.0

2.8
-2.1
-2.3
-2.3

16
17
18

2.8
2.4
2.3

I

IV

III

15

23
24
25

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 weignts
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

1

22

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

IV

III

2
3
4

19
20
21

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 weignts

II

1992

1991

1990

9,3

4.5
-1.3
-1.3
-1.4

-3.0

10.0

40
41
42
43

... .

12.8

44
45
46

9.6
9.2
9.3

47
48
49

3.7
3.3
3.1

2

-7.0
-8.1
-8.4
-8.4

1.7
1.5
1.3

-3.0
-2.7
-2.7

2.9
2.7
2.7

-11.3

-14.3

-2.5

.6

-12.1
-13.0
-12.8

-15.8
-16.0
-16.1

-1.7
-2.4
-2.2

1.3
0
.6

1.8
1.8
1.7

2.0
1.9
1.8

.3
.1
0

1.4
.5
.9

-2.5

-.7
-2.2
-1.4

—3
-!3
-.3

1.4
1.4
1.5

1.2
.7
.9

2.1
1.1
1.4

1.7
1.0
.9

50

12.8

-2.8

8.5

-6.4

-10.7

-4.5

-5.0

-7.6

.4

13.7

2.7

5.6

11.8

13.9

51
52
53

10.4
10.0
10.1

-4.1
-4.2
-4.2

5.0
5.6
5.5

-7.7
-8.8
-8.5

-12.7
-12.8
-13.0

-3.0
-3.9
-3.6

-3.0
-4.8
-3.9

-5.7
-7.9
-6.8

-.1
-.8
-.1

15.0
13.8
14.3

5.0
2.1
2.9

7.5
5.7
5.6

15.1
10.4
10.2

15.6
12.7
12.4

1.5
.1
.6

.7
-.2
-.3

54
55
56

3.0
2.6
2.1

1.8
1.6
1.3

3.1
2.9
2.9

2.8
2.5
2.4

2.6
2.3
2.2

-.3
-.4
-.6

.6
-.4
0

.5
.3
.5

1.5
1.3
1.6

.8
.1
.4

2.0
1.2
1.1

11.4

7.0
7.0
2.2
1.3
1.3
6.5
12.2

6.1
6.2

2.3
1.5
1.3
.4
1.2 . .4

2.0
1.2
1.2

3.1
2.9
2.9

18.8

12.4

21.1
18.4
18.0

10.9
10.2
10.4

1.6
.6
.6

2.5
2.1
2.2

8.7
8.3
8.3
2.7
2.6
2.6
11.3

9.2
8.8
8.8
2.6
2.3
2.4

SURVEY OF CURRENT BUSINESS

44 * August 1994

Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line

1989

1988

1990

1992

1991

1993

1988

I

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
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 ....
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

-6.5
-6.7
-6.7
-6.7

1.3
1.3
1.3
11.3

9.3
9.3
9.2
70

3.0

4.3
4.2
4.2

1.3
-1.4
-1.4
-1.4

.3
.3
.3

-.5
-3.8
-3.8
-3.8

3.4
3.5
3.5

2.8
2.8
2.8

-7.3

-13.4
-13.5
-13.7
7.0
7.0
7.0

11.3

3.8

7.5

-1.3

13.0

6.7
6.6
6.4

-.7
-.6
-.8

3.0
2.4
3.2

-5.1
-5.2
-5.2

10.0

4.3
4.3
4.4

4.4
4.3
4.5

5.3
5.2
5.2

13.4

20.4

14.9

-3.3
-4.2
-4.0

18.0
13.7
13.7

17.1
16.8
16.5

13.1
13.1
12.4

-.2
-.2

-6.8

-11.9

18.0

-9.2
-9.2
-9.2

-12.9
-12.9
-12.9

16.2
16.2
16.2

2.7
2.7
2.7

1.5
1.6
1.5

3.0
2.9
2.5

IV

III

-2.9

2.0
1.4
1.4

1.9
1.9
1.4

-1.1
-1.2
-1.1

Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weiahts
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weiahts
Benchmark-years weights ,
Imports of goods and 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 weignts

-9.3

-10.5
-10.5
-10.5

II

4.1
4.2
4.1

3.3
3.4
3.4

2.7
2.7
2.7
-2.8

-.8

-4.8
-5.4
-5.4

-1.2
-1.7

1.8
1.8
.9

1.1
1.0

2.5
2.4
2.1
-6.1

12.0

8.2
8.3
8.3

9.7
9.9

-5.4
-5.3
-5.3

-5.8
-5.8
-5.7

4.5
4.6
4.7

7.2
7.1

-11.7
-11.8
-11.8
4.7
4.7
4.7

-7.6
-7.5
-7.4
1.4
1.4
1.4

22.0

14.4

29.4

20.9

13.0

13.5

20.9

17.2

-.4

15.8
15.7
15.5

11.9
11.8
11.8

23.6
23.7
22.7

10.3
10.1

6.8
6.5
6.2

14.0
13.8
13.6

15.7
16.2
16.8

16.3
15.8
15.6

.8
.7

10.1
9.7
9.0

6.0
5.7
5.4

5.7
5.5
5.1

5.2
4.9
4.4

2.4
2.3
2.1

85

6.4

87

3.7
3.4
3.2

8.4

-1.2

-.5

10.7

8.9
8.9

-1.7
-1.4

3.7

-1.2
-1.1
-1.6

2.8

4.9

17.1

-4.0
-4.4
-4.7

8.7
8.7
8.3

11.7
11.4
11.4

8.1
8.0
6.8

-3.9
-4.0
-4.4

-.2
-.7
-.7

4.8
4.6
4.3

2.5

2.1

1.5

1.2
1.1
1.1

-.8
-.7
-.7

-.8

-4.1
-4.4
-4.1

-.4
-.7

4.1
4.0
4.0

3.7
3.6
3.7

3.5
3.3
3.4

3.1
2.9
2.9

6.0
5.9
5.7

3.0
2.9
3.3

99

3.8

4.5

100
101
102

-.3
-.1

.7
.4
.4

103
104
105

4.1
3.9
4.0

3.0
3.0
2.5

1.3
.5
.6

6.1

4.8

93
94
95

2.0
2.1
1.9

96
97

90
91

-.4
0
-.2

5.8
5.2
4.9

4.2
3.9
3.9
1.3
-4.8
-5.2
-5.5

6.9
7.0
6.6

1.3
1.3
1.1
10.6

5.8
5.5
5.5
4.2
4.8
4.1

6.5
5.5
5.6
-5.6
-5.8
-5.8

Government purchases:
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
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 weignts
National defense:
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




106
107
108
109
110
111
112

1.2
-1.7
-1.8
-1.9

3.1
3.0
2.9

1.5
-2.0
-2.2
-2.2

3.9
3.8
3.8

4.2
4.1
4.1

-1.2
-3.4
-3.2
-3.3

4.3
4.0
4.2

-4.5
-4.6
-4.6

3.7
3.5
3.5

4.7

2.8

-2.7

-3.7

.8
.4
.5

-.8

-7.1
-6.9
-7.0

-6.8
-6.9
-6.9

4.7
4.3
4.4

-1.1
-1.0

3.9
3.9
3.9

4.7
4.6
4.7

3.7
3.4
3.4

5.6

-2.6
-2.9
-2.9

7.0
6.8
6.4

2.8
2.7
2.7

1.2

-2.5

-5.6
-5.7
-5.8

7.4
7.1
6.5

7.2
7.2
7.2

6.5
4.5
4.1
4.3
2.4
2.4
2.4

-2.6

-5.9

-11.6
-12.3
-11.6

-1.6
-1.7
-1.6

-5.0
-5.3
-5.4
3.2
3.1
2.8

-3.7
-2.7
-3.4

1.3
.9
1.8

-8.5
-8.7
-8.3

9.5
9.5
9.5
9.9

-3.4
-3.0
-3.7

2.1
2.0
2.2

-12.0
-12.4
-11.6
9.5
9.4
9.6

SURVEY OF CURRENT BUSINESS

August 1994 • 45

Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line

1990

i

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

57

Producers' durable equipmentCurrent 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 weignts
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 weignts
National defense:
Current dollars
Quantity indexes:
Fixea 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-vears weiahts




61
62
63

4.3
4.3
4.2

-.8
-2.8
-2.9
-3.0

2.2
2.2
2.2

13.2

-3.7

65
66
67

12.2
11.4
11.7

-4.6
-4.8
-4.9

2.3
1.7
1.2

1.6
1.2
.9

1.2
-1.5
-1.6
-1.5

2.7
2.7
2.7
12.6

8.3
9.6
9.3
3.4
3.0
3.0

IV

I

-15.0
-16.7
-16.5
-16.6
1.8
1.8
1.8

-13.0

3.1

-.9

-7.4

-2.3

4.8

4.0

3.8

6.6

-8.8

21.7

-10.8
-10.9
-10.9

2.9
2.8
3.0

1.6

-8.9
-9.0
-9.0

-5.5
-5.3
-5.3

2.5
2.4
2.4

.3
.2
.2

.5
.6
.6

3.3
3.2
3.2

-11.8
-11.6
-11,7

19.6
19.4
19.4

1.2
1.3
1.3

-2.6
-2.4
-2.4

.2
.3
.3

2.4
2.5
2.5

3.8
3.8
3.8

3.3
3.2
3.2

3.3
3.3
3.3

3.2
3.2
3.2

3.5

-4.9

-.9

6.5
4.3
5.3

-3.4
-6.4
-5.0

IV

-5.2

-9.4

-20.1

-6.8
-6.6
-6.8

-10.2
-10.0
-10.1

-21.1
-21.0
-21.0

.7
.7
.7

1.5
1.5
1.5

-13.5

-3.1
-4.6
-4.2

-15.3
-15.8
-15.9
3.2
2.8
2.5

-1.8

.6
-.6
-.3
-.8
-1.0
-1.2

.3
-1.2

-.6

2.2
1.6
1.9

-1.3
-2.4
-1.5

2.2
1.8
2.2

-1.5
-1.5

.4
.5
.5
21.2
22.7
21.5
22.1

1.1
0
.4

I

IV

III

1.8
1.7
1.7

3.2
3.1
3.1

7.4

9.3

11.0

18.1

20.0
13.8
13.6

21.6
18.1
17.7

12.9
10.8
10.7

1.4
-.5
0

-1.5
-1.6

1.8
.7
.6

1.4
.3
.1

-17.3

-20.7

-24.3

-24,4

4.0

19.3

13.0

24.3

25.4

4.4

28.9

8.3

-3.4

-18.3
-18.3
-18.3

-22.1
-22.3
-22.3

-24.3
-24.2
-24.2

-24.8
-24.9
-24.9

2.2
2.4
2.4

15.6
15.6
15.6

15.6
15.6
15.6

22.4
22.2
22.3

22.7
22.7
22.7

.8
1.1
1.0

23.8
23.9
23.9

5.3
5.5
5.5

-7.6
-7.6
-7.6

75
76
77

5.2
5.3
5.3

1.3
1.3
1.3

2.3
2.1
2.2

-.1
-.1
-.2

.8
.9
.8

1.5
1.6
1.5

3.2
3.1
3.2

-2.0
-2.0
-2.0

1.3
1.6
1.4

78

14.6

8.8

79
80
81

12.1
12.0
12.0

7.6
7.0
7.6

85

2.5
2.3
2.1
12.7

86
87
88

5.6
5.4
5.2

89
90
91

6.2
6.5
5.7

92

1.5
1.5
1.3
-.7
5.4
6.0
5.7
-5.2
-5.9
-5.7

1.3
-1.9
-2.8
-2.7

4.1
4.2
4.1
13.1

.5
-.1
.1
12.3
12.3
11.5

17.1

9.6
10.2

9.7

.7
-1.1
-2.8
-2.6

5.9
5.8
5.8

2.7
2.5
2.3

9.9

-22.4

-9.1

-10.0
-9.6

-.1

15.3

5.3

.6

3.9

6.7

.6
.2
.4

13.7
13.6
13.7

6.1
4.7
5.5

1.5
-.6
.3

5.3
3.6
3.8

7.2
6.4
6.3

-1.0
-1.1
-1.1

0
-.5
3

2.3
1.5
1.9

.8
.6
.8

2.2
1.5
1.7

.9
.1
.3

.9
.2
.2

6.2

9.6

2.7

14.6

7.9

9.0

5.4
4.8
5.3

6.6
4.0
5.5

13.0
11.5
12.2

8.4
5.4
6.0

6.5
6.3
6.2

2.9

10.4

-9.1

-8.4
-9.0
-8.8

-1.4
-2.3
-2.0

11.2

-9.9

3.8

4.3

7.2

1.2

93
94
95

7.0
6.9
6.9

1.1
.8
1.0

-.6
-.3
-.5

5.8
6.2
5.7

3.0
2.5
2.7

.5
-.5
.1

96
97
98

6.9
6.7
6.7

3.0
3.1
3.0

4.8
4.5
4.6

4.8
4.5
4.6

4.9
4.9
4.9

1.3
1.6
1.5

14.0

99

18.5

.9

100
101
102

10.3

-.7

103
104
105
106

9.8
9.9
8.3
8.0
7.9
13.3

107
108
109

5.5
4.6
5.0

110
111
112

8.9
8.4
8.4

-1.5
-1.1

2.6
2.7
2.4

-.4
-5.2
-4.6
-5.0

5.0
4.3
4.5

13.2

9.3
7.9
8.2

4.1
3.3
3.7

6.8
7.1
6.9

.5

-4.3

18.5

-.4

-8.8
-8.3
-8.5

10.7
12.3
11.0

-1.6
-1.2

2.5
2.6
2.3

5.2
4.4
4.7

14.7

7.5
8.8
7.6

4.7
4.1
4.3

8.6
9.6

-.4
-3.9
-3.4
-3.7

3.1
3.0
3.0

5.6
4.6
5.0

.1
-2.9
-2.3
-2.6

3.2
2.5
2.9

-1.4

-6.0

-4.3

-1.1
-3.4
-1.9

-10.2

-9.5
-8.1
-8.8

1.1
1.9
1.5

-9.1
-9.8

3.4
3.1
3.2

5.6
4.3
4.9

-6.1

-6.8

-11.1

9.3
7.7
8.3

-4.8
-7.6
-6.1

-12.2
-10.6
-11.4

-18.0
-15.8
-16.8

4.6
4.8
4.8

.7
1.8
1.3

4.1
4.1
4.1

7.1
5.8
6.4

12.0

4.0
4.0
4.0

18.9

14.4
13.5
13.7

-10.8

3.3
3.4
3.4

20.7
20.4
20.9

-12.2
-14.2
-13.9

24.1
24.6
23.1

2.1
2.1
2.1

-1.0
-1.5
-1,1

6.2
1.5
1.2
1.3
5.0
5.0
5.0
6.4
-1.3
-1.4
-1.4

7.7
8.2
8.0

.8
-7.2
-7.1
-7.1

8.2
8.5
8.5

3.3
3.2
3.2

7.0
5.9
6.2

.8

5.5

2.2

3.4
2.8
3.0

.9
1.2
1.2

3.0
2.7
2.8

1.3
1.1
1.1

-3.0
-2.8
-2.9

3.6
3.7
3.6

-1.2
-1,1
-1.1

2.3
2.6
2.6
1.5
-1.0
-2.0
-2.1

1.4
.5
.4
2.9
11.6

9.7
9.6
-5.8
-6.2
-6.2

-.4
-5.9
-5.5
-5.5

5.7
5.4
5.3

4.2
4.5
4.5

I

IV

II!

14.7

7.5
8.5

-.7

II

7.1
7.2
7-2

13.0

1994

1993

II

III

-1.6

3.3
2.9
2.8

1992

I

II

72
73
74

82
83
84

.

III

64

71

. . .

Exports of goods and services:
Current dollars
Quantity indexes:
Fixea 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and 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 weignts ,

7.1
7.3
7.1

68
69
70

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

11.8

58
59
60

II

1991

7.6
16.2

8.4
8.5

.5
-.7
-.7
13.0

9.4
9.2
9.3
3.7
3.5
3.5

II

1.9
2.0
2.0

23.9

21.2

7.8

27.5
24.7
24.2

18.6
19.3
19.4

6.5
5.3
5.4

2.1
1.7
1.8

2.9
2.5
2.5

.7
-.5
-.5
32.0

15.7

28.2
28.4
28.4

10.0
10.2
10.1

2.9
2.8
2.8

4.5
4.8
4.8

10.5

7.3
7.2
7.2
3.1
3.2
3.2

8.5

-6.6

20.7

-3.5

18.3

7.7
7.1
6.9

-3.2
-6.3
-6.3

21.7
20.5
20.3

-3.5
-5.6
-5.5

15.8
15.8
15.8

2.1
1.5
1.4

.4
-.3
—3

.6
.2
.1

3.8
2.6
2.8

2.7
2.3
2.4

16.5

1.4

14.7

5.2

24.0

14.9
12.8
12.6

7.4
4.9
4.8

16.0
14.9
14.5

9.5
8.3
8.3

18.9
17.5
17.5

4.2
3.2
3.1

-2.8
-3.3
-3.3

1.1
-.3
-.2

-2.7
-3.0
-2.9

3.3

2.3

1.5

.9

1.2
.7
.7

1.1
.3
.3

-.1
-.2
-.2

-4.9
-3.4
-3.4

2.4
2.4
2.4

2.1
2.1
2.0

1.6
1.7
1.8

4.3
4.6
4.6

6.5
6.0
6.1
2.3
-1.6
-1.8
-1.7

5.1
4.3
4.3

-1.8

9.0

1.7

-6.8

-1.5

-2.2

-2.6

-1.8

-2.6

-4.8
-4.6
-4.7

8.6
7.3
7.6

1.1
1.9
1.9

-15.4
-14.5
-14.6

-3.6
-4.1
-4.2

-3.0
-4.7
-4.6

-5.0
-4.6
-4.8

-10.3

-8.8
-8.9
-8.8

2.5
1.6
1.9

.7
.1
.1

9.3
9.0
9.0

2.3
2.3
2.3

2.7
2.8
2.8

2.6
2.7
2.5

-2.8

11.6

-3.2

-10.9

-1.6

-8.6

-5.1
-6.0
-5.6

11.5

-3.3
-2.2
-2.2

-20.0
-19.0
190

-2.2
-3.0
-3.1

-9.2

2.8
3.3
3.1

9.8
10.0

2.5
1.8
2.1

.2
-.9
-.9

9.9
9.9
9.8

1.3
1.0
1.0

-11.1
-11.0
3.0
3.2
3.0

1.7
2.2
2.3

.1
-3.6
-3.0
-3.4

2.9
3.4
3.5

-7.0
-7.0

4.8
5.8
5.7

8.3
7.2
7.1

-9.5

-1.4

-16.0
-12.6
-12.6

-6.2
-6.3
-6.2

3.5
4.0
3.9

7.1
5.7
5.6

46 • August 1994

SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line

1988

1989

1991

1990

1992

1989

1993

IV

III

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 weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
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 weights
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 weights
Command-basis gross national product:
Quantity index, fixed 1987 weights
Disposable personal income:
Current dollars
1987 dollars




113

-1.6

11.3

-25.3

-7.3

28.0

15.5

20.5

-5.7

2.8

114
115
116

-2.9
-3.2
-2.8

5.1
6.5
5.3

5.9
6.5
6.2

-28.3
-30.4
-27.9

-4.4
-1.6
-2.3

17.2
21.4
17.5

3.1
3.8
2.3

14.0
15.2
14.1

-8.0
-8.0
-7.6

.1
.4

4.6
4.4
4.6

3.8
3.9
3.8

5.8
5.9
6.1

-1.3
-2.5
.5

5.2
4.6
4.8

9.4
9.7
9.2

4.3
4.4
3.6

3.4
3.0
3.1

2.2
2.4
2.1

120

9.4

7.7

7.1

7.8

121
122
123

3.6
3.5
3.6

3.7
3.6
3.6

4.1
4.1
4.2

4.4
4.5
4.4

124
125
126

5.5
5.6
5.6

4.0
4.0
4.0

2.9
2.9
2.8

3.2
3.2
3.1

117
118
119

2.0
1.7
2.6

9.5

10.6

4.5

127

3.4

9.4

7.4

8.1

6.7

5.5

4.3

128
129
130

-.5
-.5
-.5

6.3
6.2
6.0

4.6
4.6
4.4

1.9
1.9
1.9

4.1
4.2
4.0

2.2
2.1
1.9

1.8
1.7
1.8

.7
.8
.7

131
132
133

4.0
4.0
4.0

3.7
3.6
3.4

4.5
4.5
4.5

5.5
5.4
5.5

3.7
3.7
3.6

4.8
4.6

3.7
3.7
3.7

3.7
3.6
3.5

2.3

4.1

6.9

8.6

6.7

5.8

3.7

4.6

-1.3
-1.5
-1.4

2.8
2.7
2.7

3.9
4.0
3.9

1.2
1.3
1.1

1.0
.9
.9

.5
.6

.7
.7

3.8
3.7
3.8

4.1
4.2
4.3

4.1
4.3
4.2

4.6
5.3
5.2

4.7
4.9
4.8

4.4
3.0
3.1

4.4
3.8
3.8

134

6.9

6.4

135
136
137

3.0
2.9
2.9

1.8
1.9
1.8

138
139
140

14.3
3.9
3.9

15.5
4.5
4.4

5.4

17.7
4.6
4.6

10.0

141

5.9

5.2

5.7

7.8

6.6

4.6

6.2

5.4

3.8

142
143
144

1.3
1.3
1.3

2.5
2.2
2.3

3.7
3.0
3.0

4.1
4.0
4.0

2.2
2.2
2.2

-.4
-.6
-.5

1.3
1.2
1.1

2.4
2.2
2.3

-.1
0
-.1

145
146
147

4.7
4.6
4.6

3.2
3.0
3.1

2.8
2.6
2.6

3.7
3.6
3.5

4.4
4.3
4.3

5.2
5.2
5.2

5.0
4.9
4.9

3.1
3.0
3.0

3.9
3.8
3.8

148

5.7

6.4

7.5

6.3

4.0

5.4

149
150
151

1.3
1.3
1.3

3.0
2.9
2.7

2.4
2.3
2.3

1.7
1.7
1.7

.1
.1
.3

1.8
1.8
1.8

152
153
154

4.6
4.4
4.4

3.7
3.5
3.4

5.4
5.4
5.5

4.8
4.6
4.6

3.8
3.7
3.7

3.7
3.5
3.5

3.1
-2.6

4.0
.7

7.5
2.9

155
156
157

4.0
3.9
3.9

2.2

3.3

2.9
8.1
5.4

4.0

3.3
7.9
2.5

3.4

August 1994 «

SURVEY OF CURRENT BUSINESS

47

Table 8.1.—Percent Change From Preceding Period in SeSected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line
I

Nondefense:
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
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

113

35.0

114
115
116

24.8
26.5
25.4

117
118
119
120
.

. . .

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 weignts

Final sales to domestic purchasers:
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

Command-basis gross national product:
Quantity index, fixed 1987 weights
Disposable personal income:
Current dollars
1987 dollars

:.. .

11.1

2.2

IV

III

.4

10.8

-.8

5.3
6.4
5.6

2.8
3.1
2.7

4.2
3.9
4.1

2.3
1.2
2.3

5.9

7.6

9.9

-1.2
-1.2

-1.2

.4
-1.4

4.8
4.9
4.8

2.3
2.4
2.4

2.7
2.8
2.7

4.6
4.5
4.4

124
125
126

5.9
5.9
5.9

3.4
3.4
3.3

4.6
4.7
4.6

5.3
5.2
5.2

4.1

5.0

3.4

128
129
130

5.2
5.0
5.1

-.4
-.5
-.4

.5
.6
.6

-.6
-.6
-.7

131
132
133

5.9
5.5
5.6

4.4
4.5
4.4

4.7
4.5
4.6

3.9
3.6
3.8

134

8.9

4.9

4.4

135
136
137

2.9
2.9
2.9

1.4
1.4
1.4

-.6
-.6
-.6

138
139
140

4.5
6.0
5.9

4.2
3.5
3.6

4.8
5.2
5.4

141

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

6.2
6.7
6.5

II

121
122
123

127

Gross domestic 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

1991

1990

10.8

3.1

6.3

142
143
144

4.6
4.4
4.5

.5
-.5
-.5

.8
.9
.8

145
146
147

6.2
5.9
6.0

3.6
3.6
3.5

5.5
5.3
5.4

148

9.0

5.8

149
150
151

3.4
3.3
3.4

1.4
1.3
1.4

152
153
154

5.8
5.5
5.5

4.4
4.4
4.5

155

3.0

2.2

156
157

10.6

11.8

5.2

4.9
.5

3.0
-1.0
-1.0
-1.0

4.7
4.4
4.6
-1.9

5.3
-.7

.5
-5.1
-5.0
-5.1

5.2
5.6
5.6
2.8
-2.6
-2.6
-2.7

5.8
5.6
5.6
2.2
-2.1
-1.8
-2.0

3.8
3.6
3.7
-3.4

6.1
-.5

I!

III

IV

I

22.4

12.6

-3.8

14.8

21.8

10.5

-5.2
-4.9
-5.2

15.8
15.0
15.4

14.8
13.5
13.7

9.4
8.5
7.6

III

.6
-4.2
-1.1
-2.6

I

IV

3.0

14.1

2.2
1.5
2.1

12.0
12.2
12.1

3.5

II

III

IV

I

-1.4

12.6

-7.8

16.3

-5.4

-6.2
-6.6
-6.5

12.0
10.6
10.8

-7.8
-7.9
-7.7

2.9
6.0
5.8

-14.0
-14.0
-14.0

-2.0

9.1
9.8
9.9

12.2
10.4
10.5

1.0
.7
.8

.7
.6
.8

6.1
7.3
6.7

2.2
1.8
2.0

2.4
1.2
1.5

2.4
2.4
2.4

7.2
7.1
7.1

5.7
5.4
5.3

1.1
1.7
1.5

3.0

3.6

3.3

5.9

2.6

3.3

2.5

4.1

6.5

5.2

4.1

1.6
1.5
1.5

.9
.7
.8

2.0
1.8
1.9

3.3
3.0
3.1

.1
0
0

.8
.8
.8

.9
1.0
1.0

4.4
4.0
4.0

3.7
3.5
3.5

2.9
2.7
2.7

3.5
3.5
3.4

1.5
1.5
1.5

2.9
2.9
2.9

1.5
1.4
1.4

3.0
2.9
3.0

4.3
4.3
4.3

3.4
3.3
3.4

1.8
1.7
1.7

3.0
3.1
3.1

2.4
2.5
2.5

1.8
1.7
1.7

1.5
1.4
1.4

2.4

4.6

2.2

2.2

8.6

4.4

4.8

8.3

3.7

4.3

4.1

1.8
1.4
1.6

-.8
-.9
.8

—2
-2
-.2

4.8
4.6
4.7

1.5
1.3
1.4

3.5
3.0
3.2

5.6
5.0
5.0

.2
-.2
.3

2.4
1.9
1.9

3.2
2.1
2.2

5.1
5.2
5.1

3.1
3.2
3.2

3.2
3.1
3.2

2.6
2.5
2.6

3.9
3.8
3.9

3.3
3.1
3.2

2.7
2.3
2.4

2.8
2.5
2.5

4.2
4.0
4.0

2.4
2.3
2.3

0

3.4

4.5

2.0

6.8

6.7

5.4

8.8

4.9

1.6
1.1
1.4

2.1
1.7
1.9

-.8
-.6
-.7

3.2
2.9
3.1

3.7
3.5
3.6

3.9
3.3
3.6

5.7
5.2
5.1

2.7
1.8
1.7

3.6
3.5
3.5

2.1
2.2
2.2

3.0
2.8
2.9

3.0
2.8
2.9

3.6
3.6
3.6

3.4
3.3
3.3

3.2
2.9
3.0

2.5
2.3
2.3

3.3
3.2
3.1

-.4

3.0

2.9

1.2
.8
1.0

.2
0
.1

3.6
3.5
3.5

2.2
2.2
2.2

3.0
2.9
2.9

2.4

3.9

26

1.1
.7
1.0

5.1
5.2
5.0

2.4
-1.1
-1.1
-1.0

-2.4
-2.5
-2.5

-3.4
-3.6
-3.6

-3.7
-3.8
-3.8

-2.4
-2.5

-1.0

4.2
.8

-1.8
-1.6
-1.7

II

-4.5
-3.7
-3.7

2.6
2.1
2.2

14.2
13.5
13.2

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




8.9
11.0

II

1994

1993

1992

1

—2
-!4

2.6
-1.4
-1.1
-1.2

5.3
2.9
2.8
2.8

3.9
3.8
3.8

2.6
2.5
2.5

8.0

5.1

4.4

6.4
5.5
5.4

2.2
2.2
2.2

1.4
1.4
1.5

2.0
2.0
1.9

2.5
2.5
2.4

3.2
3.2
3.2

2.9
2.7
2.7

5.0

4.7

7.2

7.0

7.7

3.3
2.5
2.4

4.0
3.0
3.0

5.8
4.7
4.7

5.0
4.7
4.7

4.4
4.2
4.2

2.6
2.5
2.5

1.6
1.6
1.6

2.4
2.4
2.4

2.5
2.5
2.6

3.3
3.1
3.1

8.3

5.9

5.3

8.6

4.1

5.2

5.0

7.5

6.1

5.2

4.9
4.5
4.8

2.8
2.6
2.7

3.8
3.2
3.4

5.6
5.0
5.0

1.7
1.0
1.0

3.3
2.6
2.5

4.5
3.4
3.4

6.0
5.1
5.0

3.9
3.7
3.7

2.0
1.8
1.9

3.0
2.8
2.9

3.6
3.6
3.6

3.4
3.3
3.3

3.2
2.9
3.0

2.5
2.3
2.3

3.3
3.2
3.2

2.6
2.5
2.5

1.6
1.6
1.6

2.4
2.4
2.4

2.5
2.5
2.6

3.2
3.1
3.1

3.6

2.9

6.8

4.9

4.8

8.0

5.1

3.9

4.2

7.0

6.2

6.6

.7
.6
.6

.4
.6
.4

2.9
2.7
2.9

2.2
2.0
2.0

3.4
3.0
3.2

5.2
4.6
4.6

1.8
1.2
1.1

2.1
1.5
1.5

3.0
2.1
2.1

5.6
4.4
4.4

3.4
3.2
3.2

•3.6

3.1
3.2
3.1

3.2
3.0
3.1

2.7
2.5
2.6

3.8
3.8
3.9

3.3
3.1
3.2

2.6
2.2
2.3

2.8
2.5
2.5

4.2
4.0
4.0

2.4
2.3
2.3

2.0
1.9
1.9

2.4
2.5
2.4

3.1
3.2
3.2

2.9
2.7
2.7

2.1

1.1

.1

3.3

1.9

3.3

4.8

2.8

2.0

3.4

5.6

4.0

3.3

4.3
1.6

2.5
-.5

5.4
1.9

9.4
5.9

5.8
2.1

3.3
1.7

7.2
4.7

1.9
.8

6.7
4.3

4.7
3.4

6.1
2.7

1.7
-1.0
-1.0
-1.0

14.9
10.6

-5.1
-7.4

3.5
3.6

indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959,1963,1967,1972,1977,1982,1987,1992, and the most recent year,

48 • August 1994

SURVEY OF CURRENT BUSINESS

Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual
rates
1991

1992

1993

1993
III

BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing)
Less* Contribution of supplements to wages and salaries per hour
Plus' Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions

1994
r

IV

\

II*

5.1

5.1

3.4

2.8

2.4

.5

.5

.2

.5

.5

0

0.8
•j

.1

-.1

-1

.1

-.3

.1

0

6.1

Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid family
workers and self-employed .

.2

0

0

-.1

-.2

.5

0

Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector

4.4

4.7

3.2

2.3

2.1

5.3

1.0

Less1 Contribution of wages and salaries per hour of nonproduction workers in manufacturing

-.1

0

0

-.1

-.4

-.5

-.4

1

Less Other differences

J

1.6

2.3

.6

.3

-•7

2.8

-.5

Equals: BLS average hourly earnings of production or nonsupervisory workers on private nonfarm
payrolls

2.9

2.4

2.5

2.1

3.2

3.1

1.8

Addendum:
BLS estimates of comoensation oer hour in the nonfarm business sector2

5.1

5.1

3.4

2.8

2.4

6.1

,8

r

Revised.
p Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmarking procedures; quarterly estimates also inelude differences in seasonal adjustment procedures.
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates




,

include compensation and hours of tenant-occupied housing. BEA estimates for the second quarter of 1994 also include statistical revisions not yet incorporated in the BLS estimates.
NOTE.—The table incorporates BLS March 1993 benchmarks and updated seasonal adjustment
factors,
BLS Bureau of Labor Statistics

SURVEY OF CURRENT BUSINESS

August 1994

49

Selected Monthly Estimates
Table 1.—Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
1994

1993

1992

1993

June
Personal income

Feb.

5,356.1

5,415.4

5,416.3

5,454.4

5,482.8

5,516.7

5,483.9

3 086.9
2,504.7
7760
591 1
703.5
1 025 2
5822
353.9

3,124.7
2,538.8
7809
5944
712.9
1 0449
5859

3119.6
2,531.3
7847
5978
706.3
1 0404
5883
361.4
427.8

3 138.5 3,146.0
2,551.3 2,558.6
7908
7873
598.7
601.2
712.7
711.0
1 051 3 1 0568
5872
5874
366.7
364.0

3 160.8
2,572.1
7949
714.2
1 0630
5886
369.6

3,198.2
2,604.0
7976
605.8
727.4
10790
594.2
371.4

5,576.0
3,206.7
2,610.5
8026
610.6
727.1
1 0808
596.2
373.2

431.0

3 103.2
2,519.2
7786
5926
709.6
1 031 1
5840
356.3
405.5
3.7
401 8
21 1

461.3

473.8

182.1

182,9
6347
9227
446.2

418.7

441.6

Less: Personal contributions for social insurance

Jan.

Dec.

5,361.1

328.7

Addenda:
Total nonfarm income
Total farm income * .. ..

Nov.

Oct.

5,375.1

Proprietors' income with IVA and CCAdj
Farm
Nonfarm

Transfer payments to persons
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Other

Sept.

29748
2 407.5
7576
5783
682.3
9676
5673

Other labor income

Rental income of persons with CCAdj
Personal dividend income
Personal interest income

Aug.

5,154.3

3 080.8
2 497.0
7738
5884
701.9
1 021 4
'5838
355.3

Wage and salary disbursements
Private industries
Commodity-producing industries
Manufacturing
Distributive industries
Service idustries
Government

July

358.8
427.6

44.4

37.3

27.1

3744

4043
241

4039
237

181.3
6379
915.4
444.4

181.2
631 3
914.9
442.5

33.9
4371

36.4

33.9

436.0

438.0

35.0
4414

261.3

261.8

262.9

5,316.6
585

5,312.7
484

5,331.2

-55

161.0
665.2
860.2
414.0
38.9

407.3
248.7
5,089.4
64.9

6333
917.5
445.6

24.9

21.9

21.8

4056

4060
293

284

183.5
6343
924.6
448.6

6051

445.9

466.3

476.5

31.4
4145

48.0
4183

Juner

July'

5,655.7

5,663.0

5,692.9

3,263.8
2,659.1

3,267.5
2,664.1
814.2
613.8
745.7
1 1042
603.3

3,284.3
2,679.4

Mar.

Apr.'

May

5,607.5

5,634.5

3,220.1
2,623.2
805.4
611.9
731.4
1 0863
596.9

3,241.4
2,642.0
809.3
611.9
737.8
1 0949
599.4
376.7
475.0

466.4

375.0
477.9

8107

612.0
743.6

1 1047
6048
378.4

380.1
461.4

8169

614.3
751.8

1 1107
604.9
381.9
462.4

43.1

49.5

48.8

44.9

34.4

28.1

27.6

4227

418.2

4243

4290

430.1

4320

4333

4348

296

301

31 4

-270

34.6

38.4

34.4

336

183.9
6309
927.5
449.8

184.1

184.3
6249
936.8
455.9

184.5
6279
943.2
461.3

185.4

187.1

191.8

195.1

631.1
947.4
463.1

634.4
951.5
466.9

189.9
639.7
955.9
469.5

31 1
193.4

6449
956.9
470.7

6504
959.9
471.6

6554
964.5
473.7

53.9

6273
928.8
450.7

314

34.5

32.8

32.0

33.3

29.1

28.4

26.3

25.3

22.7

22.4

22.2

4449

455.9
276.2

461.1

267.5

452.9
275.7

458.3

265.8

446.1
266.4

447.6

264.5

441.5
264.1

276.9

278.6

463.5
280.2

4659
280.9

468.6
282.2

5,372.1
433

5,373.0
433

5,401.4
530

5,413.1
696

5,441.1
757

5,418.6
652

5,504.3

5,536.4
71 1

5,567.1
673

5,598.7
570

5,612.2
508

5 642.5
504

p Preliminary.
r
Revised.
1. Equals farm proprietors' income, farm wages, farm other labor income, and agricultural net interest.

71.7

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

June
Personal income
Less: Personal tax and nontax payments
Equals'. Disposable personal income
Less* Personal outlays
Personal consumption expenditures
Durable goods
Nondurable ooods . .
Services
Interest paid by persons
Personal transfer payments to rest of world
Equals: Personal savings
Addenda:
Disposable personal income:
total, billions of 1987 dollars1
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
income2

July

Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr."

May

June'

July
5,692.9

5,154.3

5,375.1

5,361.1

5,356.1

5,415.4

5,416.3

5,454.4

5,482.8

5,516.7

5,483.9

5,576.0

5,607.5

5,634.5

5,655.7

5,663.0

648.6

686.4

687.9

691.8

696.9

697.5

703.6

706.6

710.8

720.3

722.5

726.3

763.2

737.3

738.7

742.4

4,505.8

4,688.7

4,673.3

4,664.3

4,718.5

4,718.8

4,750.8

4,776.1

4,805.9

4,763.6

4,853.5

4,881.2

4,871.2

4,918.4

4,924.3

4,950.5

4,257.8

4,496.2

4,483.7

4,499.7

4,523.7

4,531.4

4,567.5

4,592.1

4,604.9

4,605.8

4,665.9

4,700.0

4,686.9

4,713.2

4,739.8

4,748.8

4,136.9
497.3
1,300.9
2,341.6

4,378.2
537.9
1,350.0
2,503.9

4,366.8
534.0
1,334.7
2,498.1

4,382.8
538.1
1,336.9
2,507.9

4,406.7
545.1
1,341.4
2,520.2

4,414.0
542.6
1,342.1
2,529.2

4,449.8
556.3
1,352.1
2,541.3

4,473.8
562.9
1,355.7
2,555.2

4,485.2
569.2
1,357.8
2,558.3

4,484.3
564.7
1,346.8
2,572.8

4,544.2
575.8
1,374.0
2,594.4

4,576.5
588.3
1,385.8
2,602.4

4,562.2
581.8
1,373.9
2,606.4

4,587.3
578.2
1,380.4
2,628.7

4,612.5
585.4
1,388.6
2,638.5

4,620.2
579.0
1,392.9
2,648.3

111.4
9.5

108.2
9.9

107.1
9.8

106.9
9.9

107.1
9.9

107.5
9.9

107.9
9.8

108.4
9.8

109.8
9.8

111.0

111.1

113.0

114.2

115.4

116.8

118.1

10.5

10.5

10.5

10.5

10.5

10.5

10.5

247.9

192.6

189.5

164.6

194.8

187.4

183.3

184.0

201.0

157.8

187.5

181.2

184.3

205.2

184.5

201.7

3,648.1

3,704.1

3,695.7

3,684.5

3,722.2

3,718.4

3,730.9

3,745.0

3,767.6

3,741.1

3,793.3

3,803.1

3,787.1

3,815.6

3,811.4

3,817.5

17,636
14,279
255,484

18,153
14,341
258,291

18,104
14,317
258,134

18,052
14,260
258,377

18,244
14,391
258,638

18,227
14,363
258,892

18,334
14,398
259,129

18,415
14,440
259,359

18,514
14,514
259,579

18,337
14,401
259,780

18,669
14,591
259,972

18,761
14,617
260,180

18,706
14,543
260,404

18,871
14,640
260,626

18,878
14,611
260,854

18,960
14,621
261,097

3,349.5
456.6
1,062.9
1,822.3
120.0

3,458.7
490.0
1,088.1
1,875.2
130.0

3,453.3
486.4
1,076.9
1,890.0
126.5

3,462.2
489.7
1,078.4
1,894.1
126.6

3,476.2
495.5
1,082.0
1,898.8
126.8

3,478.2
493.0
1,084.8
1,900.5
126.9

3,494.4
503.8
1,086.6
1,904.0
127.3

3,508.0
510.5
1,087.9
1,909.7
127.5

3,516.2
518.2
1,089.5
1,908.4
127.6

3,521.7
513.0
1,081.2
1,927.5
127.3

3,551.6
521.3
1,102.9
1,927.4
127.9

3,565.7
530.8
1,110.8
1,924.1
128.3

3,546.9
524.9
1,100.4
1,921.6
128.6

3,558.7
519.8
1,104.3
1,934.7
128.9

3,570.1
525.2
1,107.1
1,937.7
129.2

3,562.8
519.2
1,105.1
1,938.6
129.7

5.5

4.1

4.1

3.9

3.9

4.0

3.9

4.0

3.8

3.8

3.6

3.8

3.9

3.9

4.0

Percent change from preceding period
Personal income, current dollars

3.0

4.3

Disposable personal income:
Current dollars
1987 dollars

6.4
3.1

4.1
1.5

-.3
-.3

Personal consumption expenditures:
Current dollars
1987 dollars .

6.0
2.8

5.8
3.3

.4
.4

-0.2

1.1

0

0.7

0J

0.8

-o.a

1.7

0.6

0.5

0.4

0.1

0.5

-.2
-.3

1.2
1.0

-.1

0

.7
.3

.5
.4

.6
.6

-.9
-.7

1.9
1.4

.6
.3

-.2
-.4

1.0
.8

.1
-.1

.5
.2

.4
.3

.5
.4

.2
.1

.8
.5

.5
.4

.3
.2

0
.2

1.3
.8

.7
.4

-.3
-.5

.6
.3

.5
.3

.2
-.2

-0.1

p Preliminary.
r
Revised.
1. Disposable personal income in 1987 dollars equals the current-dollar figure divided by the implicit price deflator
for personal consumption expenditures.




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,

JO • August 1994

SURVEY OF CURRENT BUSINESS

Table 3.—U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
1992

1994

1993
1993
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Mayr

Junep

616924

641677

52,683

52022

52731

53300

55086

54465

56728

53479

52645

58073

56152

56166

58172

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
Adjustments 1

440361
40270
109140
175915
47028
51,425
24385
-7805

456866
40628
111 814
181 696
52404
54,656
23893
-8224

37257
3214
8,844
15279
4254
4,441
1 914
-690

36471
3225
9210
14227
4060
4,523
1 954
-728

37356
3100
8959
15107
4223
4,595
2146
-774

37909
3411
9499
14707
4313
4,677
2003
-700

39361
3458
9881
15471
4536
4,647
2027
-658

39364
3476
9615
15491
4679
4,870
1 953

38530
3346
8974
16022
4417
4,500
1 988
-717

37426
3163
8721
15318
4417
4,468
2020
-680

42Q60
3405
10604
17309
4760
4,882
1 849

719

40953
3665
9630
16894
4529
4,715
2224
-705

748

40378
3087
9625
16747
4721
4,659
2250
-711

40276
3268
9914
16555
4543
4,804
2018
-828

42015
3087
9851
17711
4716
5,115
2319
-784

Services
Travel
Passenger fares
Other transportation
< .. . .
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts2
U.S. Government miscellaneous services

176 563
54284
16972
22704
19922
50992
10,828
861

184811
57621
16550
23151
20,398
54870
11,413
808

15426
4757
1394
1906
1729
4538
1,006
95

15551
4,868
1 432
1 894
1,724
4586
978
68

15375
4807
1 372
1 871
1,717
4602
945
60

15391
4772
1 361
1 927
1709
4659
906
56

15725
5067
1 440
1 986
1,703
4640
832
56

15100
4595
1 285
1 924
1,698
4740
801
57

15774
5066
1 410
1 996
1697
4762
784
60

14949
4538
1 252
1 915
1,711
4660
802
71

15219
4628
1 294
1 875
1,715
4831
801
75

16012
5074
1 427
2114
1,722
4798
801
76

15774
5020
1 425
2029
1,731
4706
788
73

15890
5026
1 411
2038
1,733
4838
771
74

16157
5233
1476
2059
1,734
4831
752
72

Exports of goods and services .

Imports of goods and services

657,308

717,402

60,335

59,475

59550

61,286

63,005

61,997

61,253

61,258

62,254

64,947

64,680

65,683

67,540

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
Adjustmentsl

536 458
27610
138644
134253
91,788
122657
17713
3,795

589441
27867
145,606
152365
102,420
134015
18386
8,783

49716
2334
12768
12923
8585
11 164
1 547
397

48810
2262
12228
12781
8037
11 160
1 526
816

48974
2313
11,827
12547
8,586
11 498
1,411
792

50440
2422
12,158
12902
8,748
11 496
1 500
1,217

51895
2551
12541
13600
8,893
11 673
1590
1,045

50,886
2328
12,276
13308
8,856
11 526
1,686
905

50068
2339
11,495
13888
8,728
11 281
1710
629

50,501
2440
11,653
14121
8,683
11 603
1 598
403

50,967
2364
11,932
14028
8,787
11 502
1,566
789

53510
2543
12,659
14467
9,549
11 335
1,837
1,119

53,715
2492
12,771
14727
9,491
11 845
1,808
581

54,547
2531
13,155
14883
9,481
12136
1,801
559

56,178
2593
14,044
15236
10,129
12142
1,826
208

Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services

120,850
39,007
10,608
23,460
4,987
26,625
13,862
2,301

127,961
40,564
11,416
24,502
4,840
32,119
12,176
2,344

10,619
3,238
923
2,100
396
2,721
1,047
195

10,665
3,323
950
2,071
402
2,714
992
212

10,577
3,262
947
2,017
409
2,759
970
213

10,846
3,459
1,006
2,040
417
2,761
955
209

11,110
3,563
978
2,140
440
2,848
960
182

11,112
3,566
972
2,091
446
2,905
954
178

11,185
3,690
,992
2,039
448
2,889
946
181

10,758
3,430
970
1,965
442
2,812
936
203

11,287
3,564
1,022
1,992
707
2,861
931
210

11,437
3,673
1,059
2,172
443
2,949
929
213

10,965
3,499
1,016
2,101
455
2,777
918
197

11,136
3,630
1,057
2,116
461
2,766
908
199

11,361
3,631
1,064
2,187
503
2,879
898
200

-96 097
55,713
-40 384

-132575
56,850
-75 725

-12459
4,807
-7,652

-12339
4,886
-7,453

-11 618
4,799
-6819

-12531
4,545
-7,986

-12533
4,614
-7919

-11 521
3,988
-7533

-9115
4,589
-4,526

-11 971
4,191
-7,780

-13541
3,933
-9608

-1 1 450 -13 337
4,809
4,576
-6,874
-8,528

-14271
4,754
-9,517

-14163
4,795
-9,368

Memoranda:
Balance on goods
Balance on services
Balance on goods and services
p

Preliminary.
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and

r




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.

July

SURVEY OF CURRENT BUSINESS

August 1994

Relationship Between Personal Income and Adjusted Gross Income, 1991-92

THIS REPORT UPDATES and extends the reconciliation of two
widely used measures of the income of U.S. households, the Bureau of Economic Analysis (BEA) measure of personal income
and the Internal Revenue Service (IRS) measure of adjusted gross
income (AGI). It presents estimates for 1991-92 by type of income of the reconciliation and of the "AGI gap"; the estimates
for 1991 have been revised to reflect the annual revision of the
NOTE.—This report was prepared by Thae S. Park.

national income and product accounts (NIPA'S) and the revised
IRS estimates of the AGI for 1991.1
Tables i and 2 show the reconciliation between personal income and AGI, by type of income, for 1991 and 1992, respectively.
i. The reconciliation for total personal income and AGI for 1990-92 was published in
NIPA table 8.24 in the July 1994 SURVEY OF CURRENT BUSINESS. The reconciliation by type
of income for 1990 was published in the November 1993 SURVEY on page 68 and that for
1988-89 in the May 1992 SURVEY on pages 33-34. The reconciliation for 1947-87 also is
available. For order information, write to the Government Division (BE-SJ), Bureau of
Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.

Table 1.—Reconciliation of Personal Income and Adjusted Gross Income, by Type of income, 1991
[Billions of dollars]

Personal Wages
and
income salaries

Line

1

Persondl income

4,860.3

2

Less: Portion of personal income not included in adjusted
cross income

1,490.3

3. www

3

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

I..W..IW

Transfer payments except taxable military retirement,
taxable government pensions, and taxable social
security benefits
Other labor income except fees
Imputed income in personal income6
Investment income retained by life insurance
carriers and
private noninsured pension funds7
Investment income received by nonprofit institutions or
retained by fiduciaries
Differences in accounting treatment between NIPA's and
tax regulations, net
Other personal income exempt or excluded from adjusted
gross income
Plus: Portion of adjusted gross income not included in
personal income
Personal contributions for social insurance
Net gain from sale of assets
Taxable private pensions9
Small business corporation income
Other types of income

23

Equals: BEA-derived adjusted gross income

24

Adjusted gross income of IRS (as reported)

25

Plus: Intercomponent reaiiocation

26
27
28

Estate or trust income
Partnership income
Other ^allocations

29

Adjusted gross income of IRS (reallocated)

30

Adjusted gross income (AGI) gap

31
32

Percent distribution of AGI gap
AGI gap as a percentage of BEA-derived AGI

See the footnotes at the end of table 2.




0
0

97.3

12.8

199.8

. .

Income
Taxable Other
not
Taxable Taxable
Personal Rental in- Personal pensions
unem- social
dividend come of2 interest
ployment curityse- personal included
in
and
3 income
Nonfarm income persons income annuities compenpersonal
sation benefits
income

Farm
36.7

339.5

150.5

-10.5

695.1

-1.3

37.5

65.6

-38.9

0
0
0

0
0
.4

0
0
4.4
0

0

0

52.4

0

0

88.9

0

-1.7

131.7

17.3

.3
32.8

0

0

0

4

0

0

920.5

34.7

0
0
0

0
0
0

625.8
294.4
0

0
0
0

0

27.1

24.6

441.9

0

0

0
0
-49.2

0
0
129.0

0
0
0

0

199.8

0

0

0

12.0

3.7

36.2

0

0

0

18.7

6.6

32.4

0

0

0

35.0

0

44.7

5

688.7

92.6

0

0

0
0

.3

0

0

0

0

8

34.7

530.4

5.2

0

1.1

0

2.2

0

151.7

0

0

236.2

236.2

34.3
13.9

0
0
0
0
5.2

0
0
0
0
0

0
0
0
0

1.1

0
0
0
0
0

0
0
0
0
2.2

0
0
0
0
0

0
0
151.7
0
0

0
0
0
0
0

0
0
0
0
0

236.2
0
0
0
0

0

5.2

0

4.4

37.1

0

-43.4

-5.2

0

0

-4.4

6.3

0
0
0
0
0
0

0
0
0
0
5.2
0

0
0
0
0
0
0

4.7
-.3
0
0
0
0

0
0
0

0
0
0
-43.4
0
0

0
0
0
0

0
0
0
0
0
0

-4.7

-6.3

0
0
0
0
0
0

0
0
0
0
0
6.3

30.5

24.6

0

105.6

32.6

105.6

94.3

Fees in other labor income
Fiduciaries' share of partnership income 10
Interest received by nonfarm proprietors
Interest distributed by regulated investment companies ...
Taxable disability income payments .
. .
Capital gain dividends . . . .

30.2

625.8
294.4

151.7

Plus: Sntercomponent ^allocation (personal income)

2,816.1

Proprietors'
income l

43.4

0

3,900.4

2,796.3

38.0

307.5

121.9

3,464.5

2,674.3

-2.9

141.9

77.3

28.8

0

0

0

.8

0
0
0

0
0
0

0
.8
0

11.2

27.1

5.2

209.4

176.5

23.3

21.4

3.0

0

0

0

0

-32.6

0

3.0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

-3.7

0
0
0

8.2

209.4

176.5

23.3

21.4

.4

62.7

.1
2

14.4
26.2

77.3

122.0

40.0

136.9

44.6

22.3

28.0

9.2
105.3

31.4
44.5

10.2
36.6

73.1

4.4

5.4

0

0

100.0

34.3

239.2

170.6

435.8

0

209.8

-2.0

2,674.3

28.1

0
94.3

0
0
0
0
0
0

0
0
0

3,464.5

.7

134.0

5.1

-5.2

3.8

.9
14.0

9

.3
0
0
0
0

-28.9
0

3.2

.7
13.1

0

105.6

0

0

SURVEY OF CURRENT BUSINESS

52 • August 1994

In these tables, the reconciliation items that convert personal income to the IRS definition of AGI are shown in three groups. The
first group (lines 3-9) consists of the portion of personal income
that is not included in AGI; the largest items in this group are
transfer payments (line 3) and other labor income except fees
(line 4). The second group (lines 11-15) consists of the portion of
AGI that is not included in personal income; the largest items in
this group are personal contributions for social insurance (line
n), net gain from sale of assets (line 12), and taxable private pension payments (line 13). The third group (lines 17-22 and 26-28)
consists of "intercomponent reallocations," which are needed to
arrive at comparable BEA and IRS estimates of AGI by type of income; the reallocations affecting personal income are shown in

lines 17-22, and those affecting the iRS-reported AGI are shown
in lines 26-28.
The AGI gap for a type of income (line 30) is the difference
between the BEA-derived AGI for that type of income (line 23)
and the reallocated IRS AGI for that income (line 29). The percent
distribution of the AGI gap by type of income is shown in line
31, and the "relative AGI gap" for a type of income, which is the
AGI gap for that type of income (line 30) as a percentage of the
BEA-derived AGI by that income type (line 23), is shown in line
32.
The AGI gap can be considered an indicator of noncompliance
with the Federal tax code because the BEA and the IRS measures
of AGI are derived from different sources. The BEA measure of

Table 2.—Reconciliation of Personal Income and Adjusted Gross Income, by Type of Income, 1992
[Billions of dollars]

Personal Wages
and
income salaries

Line

1 Personal income
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Less: Portion of personal income not included in adjusted
gross income
Transfer payments except taxable military retirement,
taxable government pensions, and taxable social
security benefits
Other labor income except fees
Imputed income in personal income6
Investment income retained by life insurance
carriers and
private noninsured pension funds7
Investment income received by nonprofit institutions or
retained by fiduciaries
Differences in accounting treatment between NIPA's and
tax regulations, net
Other personal income exempt or excluded from adjusted
gross income
Pius: Portion of adjusted gross income not included in
personal income
Personal contributions for social insurance
Net gain from sale of assets
Taxable private pensions9
Small business corporation income
Other types of income
Plus: intercomponent reallocation (personal income)
Fees in other labor income . .
.
Fiduciaries' share of partnership income 10
Interest received by nonfarm proprietors
Interest distributed by regulated investment companies ....
Taxable disability income payments
Capital gain dividends

23

Equals: BEA-derived adjusted gross income

24

Adjusted gross income of IRS (as reported)

25

Plus: Intercomponent reallocation ....

26
27
28

Estate or trust income
Partnership income
Other reallocations .

29

Adjusted gross income of IRS (reallocated)

30

Adjusted gross income (AGI) gap

31
32

5,154.3

Percent distribution of AGI gap
AGI gap as a percentage o? BEA-derived AGI

...

2,974.8

Farm

44.4

374.4

161.0

-5.5

665.2

32.8

73.1

-40.6

1,595.0

27.5

1.0

693.7
323.9
109.8

0
0
13.3

0
0
.4

0
0
4.8

202.5

0

0

0

48.6

0

0

79.5

0

137.0

14.2

0
0
0

5

39.7

27.9

448.5

0

0

0

1,017.9

0
0
-52.2

0
0
143.5

0
0
0

0
0
0

0
0
0

693.7
323.9
0

0
0
0

0

0

0

202.5

0

0

0

4.5

31.8

0

0

0

34.8

0

.3

27.7

19.2

7.1

24.9

0

0

0

0

0

0

42.3

0

45.7

0

0

0

0

.7

0

773.7

98.9

11.7

0
.3

4

0
8

34.8

589.2

6.0

0

1.3

0

2.3

0

160.8

0

0

248.7

170.1

248.7
101.4
160.8

0
0
0
0
0

0
0
0
0
1.3

0
0
0
0
0

0
0
0
0
2.3

0
0
0
0
0

0
0
160.8
0
0

0
0
0
0
0

0
0
0
0
0

248.7
0
0
0
0

0
101.4
0

47.0
31.4

0
0
0
0
6.0

0

4.9

0

4.6

36.1

0

-42.6

-4.9

0

0

-4.5

6.4

0
0
0
0
0
0

0
0
0
0
4.9
0

0
0
0
0
0
0

4.8
-.3
0
0
0
0

0
0
0

0
0
0
-42.6
0
0

0
0
0
0
0

0
0
0
0
0
0

0
0
0
0
0
0

-4.8

-6.4

0
0
0
0
0
0

0
0
0
0
0
6.4

347.4

124.0

37.4

174.1

254,8

39.7

27.9

0

141.8

4,148.6

2,958.3

3,639.5

2,815.0

43.3

42.6

0

-4.9

.3
0
0
0
0

47.0
21,8

1.7

150.8

77.5

9.9

158.5

189,1

31.6

23.6

43.5

141.8

0

0

2.0

38.3

0

3.2

0

0

0

0

-43.5

0

0
0
0

0
0
0

0
2.0
0

0

3.2
0
0

0
0
0

0
0
0

0
0
0

0
0
0

-3.8

37.7

0
0
0

0
0
0

.3

189.1

77.5

13.1

158.5

189.1

31.6

23.6

158.3

46.5

24.3

15.6

65.7

31.1
45.6

37.5

3,639.5

2,815.0

509.0

143.3

100.0

28.1

12.3

4.8

1. With inventory valuation and capital consumption adjustments.
2. With capital consumption adjustment.
3. Also includes a small amount of taxable railroad retirement benefits.
4. Consists of the taxable portion of government employee pension payments included in personal income—
nondisability military retirement pay and the taxable portion of Federal Government and of State and local government employee pension payments.
5. Consists primarily of other labor income, the nontaxable portion of government transfer payments to persons,
business transfer payments, less personal contributions for social insurance.
6. Consists of the imputations included in personal income (line 58) except for employer-paid health and life insurance premiums (line 115) in table 8.18 of the July 1994 Survey of Current Business. In this table, these premiums




Income
not
Taxable Taxable Taxable
Personal Rental in- Personal pensions unem- social se- Other included
personal
dividend come of2 interest and an- ployment curity
in
Nonfarm income persons income nuities compen- benefits3 income personal
sation
income

Proprietors'
income1

43.0

8.5
99.3

.6

9.1

4.8
65.0

3.1
9.0

12.9
25.8

8.2
1.6
20.5

-39.7
0

4.3

0

141.8

0

0

.8
15.3

are included in line 4.
7. Equals imputed interest received by persons from life insurance carriers and private noninsured pension plans
(line 51) in table 8.17 in the July 1994 Survey.
8. Statutory adjustments. These are adjustments to total income, such as payments to an individual retirement
arrangement, which are allowed as deductions in arriving at AGI for income tax purposes.
9. Consists of the taxable portion of private pension benefit payments received by individuals.
10. Consists of partnership income retained by fiduciaries.
BEA Bureau of Economic Analysis
IRS Internal Revenue Service
NIPA's National income and product accounts

SURVEY OF CURRENT BUSINESS
AGI is derived from estimates of personal income that are largely
based on sources other than individual income tax returns; for
the estimates that are based on tax returns, BEA accounts for
incomes that are misreported by making adjustments primarily using information from audits of taxpayer compliance. In
contrast, the IRS measure of AGI is based entirely on unaudited
individual income tax return data.2
In addition to indicating noncompliance, the AGI gap includes
income earned by low-income individuals who are not required
to file income tax returns, the net effect of errors in personal
income and in the IRS measure of AGI, and gross errors and omissions in the estimates of the reconciliation items. The largest
known omission is an adjustment to the personal income meas2. The noncompliance indicated by the AGI gap is limited to the types of income that
are included in personal income, which excludes income such as unreported capital gains
and unreported illegal income. Thus, the AGI gap is not a measure of the size of the underground economy. For additional information, see Carol S. Carson, "The Underground
Economy: An Introduction," SURVEY 64 (July 1984): 109. For a discussion of the misreporting adjustments that are incorporated in personal income, 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.

Table 3.—Revisions to the Reconciliation Estimates for 1991
[Billions of dollars]
Previously
published

Line1

1 Personal income
2
3
4

5
6
7
8

9

10
11
12

13
14
15

Less: Portion of persona! income not included in
adjusted gross income
Transfer payments except taxable military
retirement, taxable government pensions,
and taxable social security benefits
Other labor income except fees
Imputed income in personal income
Investment income retained by life insurance
carriers and private noninsured pension
funds
Investment income received by nonprofit
institutions or retained by fiduciaries
Differences in accounting treatment between
NIPA's and tax regulations net
Other personal income exempt or excluded
from adjusted gross income
Plus-, Portion of adjusted gross income not
inciuded in personal income
Personal contributions for social insurance ...
Net gain from sale of assets
Taxable private pensions
Small business corporation income
Other types of income
. .

Revised
4,860.3

1,458.4

1,490.3

623.6

625.8
2944

2.2
23

952

97.3

2.1

2037

199.8

48.5

52.4

2921

3.9

88.9

131 7

304
-6.8

537,2

530.4

237.8

236.2

88.7
1539
35.9

151 7

94.3
34.3

209

139

3,900.4

29

Adjusted gross income of IRS

3,471.5

3,464.5

30

Adjusted gross income (AGI) gap

458.2

435.8

11.7

11.2




-3.9

939

3,929.7

AGI gap as a percentage of BEA-derived AGI

31.9

101 3

Equals: BiA-deriveci adjusted gross income

32

9.4

4,850.9

23

1. Line numbers in this table correspond to those in table 1.
BEA Bureau of Economic Analysis
IRS Internal Revenue Service
NIPA's National income and product accounts

Revision

-5.0

-1.6

5.6

-22
-1.6

70
-29.3
-7.0

-22,4

-.5

August 1994 • 53

ure of wages and salaries to account for employee contributions
to deferred compensation agreements, such as those allowed under IRS Code section 40i(k). All these contributions are excluded
from the IRS measure of AGI; however, since 1985, an unknown
amount of these contributions has been included in the personal
income and BEA-derived AGI measures of wages and salaries,
which resulted in an overestimation of the gap for wages and
salaries. According to estimates from Social Security Administration tabulations of contributions to deferred compensation
plans reported on Form w-2, these contributions amounted to
about $38 billion for 1990.
Revisions to the AGI gap for 1991
The AGI gap for 1991 was revised down $22.4 billion (table 3).
Revisions to the AGI gap stem from three sources: Revisions to
personal income that carry through to the AGI gap, revisions to
the IRS measure of AGI that carry through to the AGI gap, and
revisions to the reconciliation items that are unrelated to the
revisions to personal income and the IRS measure of AGI.
Personal income (line i) was revised up $9.4 billion, and the
reconciliation items that are offsets to components of personal
income (lines 3-6, most of line 9, and line 11) were revised up
$31.9 billion. Thus, the revisions to personal income that carried
through to the AGI gap reduced the gap $22.5 billion; most of the
reduction was accounted for by a downward revision to personal
interest income.
The IRS measure of AGI (line 29) was revised down $7.0 billion,
and the reconciliation items that are offsets to the revision to
the IRS measure of AGI (lines 12, 14, and 15) were revised down
$3.0 billion. Thus, the revisions to the IRS measure of AGI that
carried through to the AGI gap increased the gap $4.0 billion.
The reconciliation items that are either unrelated or indirectly
related to the revisions to personal income or to the IRS measure
of AGI (lines 7-8, part of line 9, and 13) were revised up $3.9
billion. Thus, these revisions, all of which carry through to the
AGI gap, reduced the gap $3.9 billion.
The $22.4 billion downward revision to the total AGI gap was
primarily accounted for by the gap for interest income, which
reflected a downward revision to the interest component of personal income. In addition, there were large, but mostly offsetting
revisions to the gaps for farm and nonfarm proprietors' income;
the gap for farm proprietors' income was revised up $13.6 billion
and the gap for nonfarm proprietors' income was revised down
$13.9 billion. These revisions primarily reflect a correction to the
intercomponent reallocation for fiduciaries' share of partnership
income; intercomponent reallocations do not affect the total AGI
gap.3 H
3. This correction also affects the gaps for these types of income for 1990: The gap for
farm proprietors' income is raised $9.4 billion, to $36.6 billion, and the gap for nonfarm
proprietors' income is reduced $9.4 billion, to $122.8 billion.

SURVEY OF CURRENT BUSINESS

54

August 1994

Fixed Reproducible Tangible Wealth in the United States:
Revised Estimates for 1991-93 and Summary Estimates for 1925-93

TABLES 1-20 present estimates of fixed reproducible tangible
wealth in the United States for 1990-93. These estimates,
which cover the stock of privately owned and governmentowned durable equipment and structures and of durable goods
owned by consumers, incorporate the revised national income
and product accounts estimates for 1991-93 that appeared in
the July 1994 SURVEY OF CURRENT BUSINESS. Estimates of fixed
private capital are shown in tables 1-4; fixed nonresidential private capital, in tables 5-8; residential capital, in tables 9-12;
government-owned fixed capital, in tables 13-16; and durable
goods owned by consumers, in tables 17-20. Tables 21-24 present
summary wealth estimates for 1925-93, the entire period for
which these estimates are available.
Data availability
A complete set of BEA wealth estimates for the years through
1989 is available in Fixed Reproducible Tangible Wealth in the
United States, 1925-89 (see page 63 for order information). This
publication presents annual estimates of gross and net stocks,
depreciation, discards, and average ages of gross and net stocks




in historical-cost, constant-cost, and current-cost valuations for
the types of wealth shown in tables 1-20 and for private and
government capital by type of equipment and structures; it also
provides the investment data and service lives used to derive the
estimates and a statement of the methodology underlying the
estimates.
In addition, annual estimates of gross and net stocks, depreciation, and discards in historical-cost, constant-cost, and
current-cost valuations for the types of wealth shown in tables
1-20 and for private and government capital by type of equipment and structures, together with the investment data used to
derive the estimates, are available on diskettes for the following
years: For fixed private capital by industry, 1947-93; for all other
estimates, 1925-93. For more information, write to the National
Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, or
call (202) 606-9700.
NOTE.—Shelby W. Herman and Michael D. Glenn prepared the
wealth estimates.

Tables i through 24 follow.

SURVEY OF CURRENT BUSINESS

August 1994 • 55

Table 1—Current-Cost Gross Stock of Fixed Private Capital,
Nonresidential and Residential, by industry, 1990-931

Table 2.—Current-Cost Net Stock of Fixed Private Capital, Nonresidential
and Residential, by Industry, 1990-931

[Billions of dollars]

[Billions of dollars]
1990

1992

1993

16,871,4 17,437.0 18,136.9 19,089.7

Fixed private capital
Nonresidential
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction .
. .
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures . .
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment . .
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing .
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation . .
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Electric services
Gas services
Sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair sen/ices
Motion pictures
Amusement and recreation services
Other services
....
Health services
Legal services
Educational services
Other2
Residential
Farms
Real estate

1991

„...„....

9,484.8
416.3
3688

9,744.6 10,052.1 10,489.7
415.7
415.9
422.9
3599
361 5
3644

47.5

51.3

56.0

61.4

536.4
41 0
490
418.4

527.2
404
482
409.3

492.0
400

477.2
399

48.0

49.1

374.4

358.0

28.1

29.3

29.6

30.2

113.4
2,114.0
1,137.6

115.0
2,176.5
1,160.8

117.4
2,250.1
1,188.0

120.3
2,347.4
1,234.0

41.5

41.0

41.0

42.3

192

195

200

209

64.5

63.7

63.8

65.2

2064

2070

1261
1978
1682
1200

964
782

2086

211 5

1286

1304

2022

2083

1740
1228
1001

1806
1250
1040

1337
2164
1903
1322
1101

823

862

19.2

19.5

20.1

9765

1 0157

1 0621

2013
14.5

2127
14.7

1923
14.2

906
20.9

1 1133
2250
15.0

522

524

530

542

18.3

18.2

18.4

18.7

145.3
82 1
271.7
128.0

150.7
854
286.3
131.8

155.7
891
304.6
135.5

161.3
940
323.5
139.9

68.4

71.0

74.3

77.7

4.0
2,400.0

4.0
2,442.1

4.0
2,510.9

6160

6134

6196

2495

2463

247.7

4.0
2,599.7
6360
259.4

12.5

12.2

11.9

11.6

106.8
556

104.1
546

1067
41.2
43.8

1104

102.2
549
115.6

100.8
551
119.8

42.6
44.7

43.8
45.6

6086
5267
81 9
1,175.3
9085
208.4

6223
5345
878
12064
9295
213.7

58.4

41 5
44.3

63.3

401.8
604.6
2,046.1

414.7
6358
2,135.6

4148

4391

106.6
129
124.9
5.9
1,353.1

113.7
128
133.2
5.9
1,403.6

6393
5449
944
12520
9582
2238
70.0

434.7
672.7
2,238.0
4666
123.1
131
145.4
6.0
1,456.3

6634
561 1
102.3
1,300.4
9907
233.0
76.6

457.5
7262
2,372.2
4973
134.8
136
158.8
6.2
1,532.9

27.8

27.3

27.6

28.6

852.2

882.0

920.4

966.4

1291
32.1

1307

1317
35.7

1346

224.7
150.9
151
198
413
2391
1297
25.5

5.4
78.5

332
2344
156.5
152
21 6
420
248.3
1357
26.6

5.7
80.4

245.8
164.6
159
233
430
260.3
143.6
28.0

6.1
82.6

7,692,4

8,084.8

1598

1629

1661

72269

75295

7918.8

7,386.6

389
259.4
172.2
170
254
446
274.3
1525
29.1

6.5
86.1

8,599.9
171 4
8,428.5

1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; membership organizations; engineering
and management services; and services, not elsewhere classified.




1990

Residential
Farms
Real estate

1992

1993

10,116.5 10,384.8 10,751.2 11,290.9

Fixed private capital
Nonresidential
Agriculture, forestry, and fisheries
Farms
Agricultural services forestry and fisheries
Mining
Metal mining
Coal mining .
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric gas, and sanitary services
Electric services
Gas services
Sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate .
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services . .
Other2
.

1991

5,320.7
197.1
169.3
27.8

30.3

33.3

239.1
180

218.8
177

5,769.6
201.4
164.7
368
210.3
175
251
152.9

25.8

24.9

24.6

189.3

181.3

161.8

14.1

14.9

14.7

14.8

61.6

61.1

60.8

61.0

1,184.0
620.6

1,218.5
628.4

1,270.2
651.7

21.3

20.9

20.7

11 1

11 1

11 2

11 6

30.3
95.1

29.6
94.6

29.6
94.8

30.9
95.9

663
112.3
102.1

663
113.0
103.9

658
114.6
106.0

664
117.7
110.8

61.8

63.5

64.5

69.9

570
468

585
488

601
504

635
523

21.6

10.1

10.3

10.6

11.1

538.5

563.4

590.1

1048

1108

1181

82

618.5
125.7
8.0

26.1

26.8

83
25.7

99
82.6

83
25.8

98
85.2

98

99

87.0

89.3

51 3

530

555

1625
67.9
39.8

1753
69.2
41.5

1875

2.0
1,287.7
2840

1.9
1,298.1
2794

1.9
1,326.9
281 4

1.9
1,368.3
2890

1082

1068

1076

1134

498
151.3
65.8
38.3

6.4

6.0

707
43.2

5.6

5.2

44.8
21.9

43.8
21.8

49.9
23.3

46.9
22.3

555

566

604

630

20.5
20.3

20.4
20.4

20.7
20.3

21.2
20.6

332.0
2788
532
671 7
524.5

336.7
2804

344.4
2846

356.6
2926

56.4

59.8
7012

1066
40.7

1094
43.7

1154
48.0

243.3
365.0
1,272.2
265.4
645
8.0
883
2.9
8259
173
493.3

246.4
381.8
1,307.7
276.1
669
7.7
929
2.8
8448
165
504.7

254.4
404.7
1,346.8
288.6
712
7.6

264.1
437.7
1,411.0
303.6
773
7.8

1003

1086

681.9
528.9

537.7

28
8601

163
521.7

64.1

722.7
550.2
120.6
51.9

3.0
8940
167
545.5

71.6

71.3

69.8

69.8

179

184

201

223

1306

889
81
122

-..

5,549.5
197.1
163.8

247.8
186

1,152.7
614.2

.

5,419.9
196.9
166.6

1339

914
82
133

1390

1467

22.7

23.3

141.3

144.9

958
88
142
238
150.2

79.8

82.4

86.4

156
37
423

158
39
428

162
41
434

998
97
153
248
157.1
913
165
45
448

4,795.8
685
4,727.3

4,964,9
700
4.895.0

5,201.7
714
5.130.3

5,521.3
738
5.447.5

1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; membership organizations; engineering
and management services; and services, not elsewhere classified.

SURVEY OF CURRENT BUSINESS

$6 • August 1994

Table 3.—Constant-Cost Gross Stock of Fixed Private Capital,
Nonresidentia! and Residential, by Industry, 1990-93'
[Billions of 1987 dollars]
1990

Fixed private capital
Nonresidentiai
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal minina
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturina
Durable goods
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric gas and sanitary services
Electric services
Gas services
Sanitary services
Wholesale trade
Retail trade
Finance insurance and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents brokers and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
•
Educational services
Other2
Residential
Farms
Real estate
1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological
and management services; and services, not elsewhere classified.




1991

1992

Table 4.—Constant-Cost Net Stock of Fixed Private Capital,
Nonresidential and Residential, by Industry, 1990-93'
[Billions of 1987 dollars]

15,245.2 15,525.4 15,803.3 16,162.0
8,491.0
369.8
3272
426
448.8
366
437
3436
24.9

8,660.3
363.4
318.0

8,814.4
356.1
307.6

45.4

48.5

433.7

413.7
348
416

35.7

425
3299
25.5

3119
25.4

100.5
1,917.1
1 0300

100.0
1,951.9
1 0397

1803

36.1
17.4
57.0
1786

35.3
17.6
56.4
1769

111.7
179.7

112.2
183.9

111.7
188.1

1520
1063

1569
1071

1608
1073

100.8
1,875.6
1 0167
36.9

172
580

887

906

74.9
17.2

77.5
17.4

8871
1753
12.8

9122

454
161
129.7

450
159
132.0

77.0

79.7

2498

261 4

1130
60.4

1155
62.0

1167
63.7

36
2,141.4
5525
226.0

35
2,155.2
541 0
220.8

35
2,173.4
5340
216.6

11.5

11.0
91.1

10.6
86.8

475

466

95.1

98.1

861
71 5
170
8589
1691

126
458
162
126.0
740
2382

959
485
954
358
39.3

181 8
12.7

357

358

39.7

39.6

5632
4874
758
1 0258
7903
181 9
536
374.2
548.9
1,854.5
3793
967
124
121 3
57
1 2123
269
7770
115.9

5687
487.5
81 2
1 0455
8020

5745
488.4
862
1,0649
811 2

1847

1891

588
387.7
574.4
1,929.8
401 0

645
403.6
599.6
1,994.9
4228
111 0
126

29.6
2031

30.6

32.6

207.8
144.4

214.5
149.7

13.7
20.1
37.8

14.2
21.6
38.0

2277
121.9

2355
126.4

25.5

26.8

5.2

5.5

75.1

76.8

139.7
135
183
37.5
2194

117.6
241
49
728
6,754 2
146.4
66078

1030

125
1337

1476

5.8
1 246.8
270
7986
116.5

6.0
1 267.6
273
821.3
115.1

6,865.1
144.7
6,720.4

1990

1993

6,988.8
142.9
6,846.0

Fixed private capital

9,022.9 Nonresidential
352.0
Agriculture, forestry, and fisheries
299.8
Farms
52.2
Agricultural services, forestry, and fisheries
395.6
Mining
33 8
Metal mining
41 5
Coal mining
295 0
Oil and gas extraction
25.3
Nonmetallic minerals, except fuels
99.8
Construction
1,999.6
Manufacturing
1 061 8
Durable goods
35.5
Lumber and wood products
18.0
Furniture and fixtures
57.1
Stone clay, and glass products
1758
Primary metal industries
111.7
Fabricated metal products
194.0
Industrial machinery and equipment
167 0
Electronic and other electric equipment
1110
Motor vehicles and equipment
94 0
Other transportation equipment
80.1
Instruments and related products
17.7
Miscellaneous manufacturing industries . . . .
937 8
Nondurable goods
188 4
Food and kindred products
12.6
Tobacco manufactures
45 0
Textile mill products
157
Apparel and other textile products
134.5
Paper and allied products
83.2
Printing and publishing
272 1
Chemicals and allied products
1178
Petroleum and coal products
65.1
Rubber and miscellaneous plastics products
3.4
Leather and leather products
2,192.7
Transportation and public utilities
527 9
Transportation
213.3
Railroad transportation
.^...
10.1
Local and interurban passenger transit
83 4
Trucking and warehousing
46 0
Water transportation
100.0
Transportation by air
35.9
Pipelines, except natural gas
39.2
Transportation services
580 0
Communications
488.2
Telephone and telegraph
91 8
Radio and television
1,0849
Electric, gas, and sanitary services
821 8
Electric services
192 7
Gas services
70 4
Sanitary services
421.8
Wholesale trade
635.6
Retail trade
2,074.6
Finance, insurance, and real estate
446 5
Depository institutions
121 1
Nondepository institutions
130
Security and commodity brokers
1 62 9
Insurance carriers
6.3
Insurance agents, brokers, and service
1,296.6
Real estate
28 1
Holding and other investment offices
851.1
Services
113.9
Hotels and other lodging places
35.5
Personal services
224.7
Business services
155.1
Auto repair, services, and parking
15.2
Miscellaneous repair services
23.4
Motion pictures
38.6
Amusement and recreation services
244 7
Other services . .
131.2
Health services
27.9
Legal services
5.8
Educational services
79.7
Other2
7,139.1 Residential
141 .2
Farms
6,997.9
Real estate

;; membership organizations; engineering

1991

1992

1993

9,157.6

9,261.5

9,373.8

9,562.6

4,773.2

4,828.9

4,876.9

4,979 5

175.3

172.5

169.0

168.0

150.3

145.6

140.1

1366

25.0

26.9

28.9

314

208.1

197.8

184.5

174.9

16.6
23.1
1559
12.5
54.9

1,025.7
550.5
19.0
10.0
27.4

16.0

15.4

149

221

21 4

21 3

1466
13.0
53.6

1,046.6
552.7
18.5

9.9
26.8

1351
12.7
52.0

1264
12.4
50.7

1,060.5

1,087.0

552.0

564.1

17.9
26.5

18.3
10.0
27.5

801

9.8

833

81 9

807

58.8

58.0

56.5

55.6

102.2

102.9

103.7

106.2

92.2

93.7

94.3

97.3

549
509

556
519

556
524

590
543

42.8

44.5

45.4

46.4

9.0

9.1

9.2

9.4

4753

4939

5229

924
7.4

969
7.3
224
87

5085
101 3

7.0
222
85

6.7
224
83

22.7

89

1056

71.8
45.0

73.6
46.4

73.9
47.4

74.6
49.2

133.2

142.4

151.0

158.2

582

597

598

598

34.0

34.8

35.7

36.3

1.8

1.7

1.7

1.6

1,148.8

1,146.1

1,149.4

1,155.8

255.6

247.3

243.4

241.0

98.2

96.0

94.2

93.4

5.9

5.5
41.1

5.0

4.5

204

195

50.1
17.9
18.3

49.3
17.6
18.3

18.0

36.3
18.4
53.4
17.3
17.7

306.1
256.9

306.6
254.6

308.4
253.9

310.7
253.2

52.1

54.5

57.4

587.1
456.7

592.2
457.1

597.6
455.9

604.1
456.7

93.2
37.3

94.7
40.4

97.7
44.0

99.9
47.5

226.5

230.2

236.4

244.4

331.7

345.4

361.3

384.3

1,152.1

1,179.7

1,198.2

1,232.7

242.6

251.3

260.2

271.4

584
7.6

605
7.4

642
7.3

699
7.4

44.8

492

84.7

91.5

38.0
18.8
52.0
17.4

99.5

108.7

2.8

2.8

2.9

3.2

739.6

750.3

748.4

755.8

16.5

16.0

15.7

16.2

450.1

457.2

465.6

481.7

64.3
16.6

63.5
17.1

61.0
18.5

59.1
20.5

117.8

118.3

121.0

127.3

82.4

84.4

87.1

90.0

7.3

7.4

7.9

8.8

11.3
20.6

12.4
21.0

13.1
21.0

14.1
21.5

129.8

133.0

135.9

140.3

72.3
14.7

74.0
15.2

76.0
15.6

78.4
15.8

3.4
39.4

4,384.4
62.8

4,321.6

3.5
40.3

3.7
40.6

4,432.6

4,496.9

62.1

61.3

4,370.5

4,435.5

3.9
42.1

4,583.2
60.7

4,522.5

1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; membership organizations; engineering
and management services; and services, not elsewhere classified.

August 1994 • 57

SURVEY OF CURRENT BUSINESS

Table 5.—Current-Cost Gross Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1990-93
[Billions of dollars]

1990
1991
1992
1993

Equipment
and
structures

Equip- Strucment tures

9,484.8
9,744.6
10,052.1
10,489.7

4,506.1
4,635.5
4,782.6
4,973.6

4,978.7
5,109.1
5,269.5
5,516.1

Equipment Equip- Strucand
struc- ment tures
tures
368.8
364.4
359.9
361.5

156.6
152.4
146.6
142.9

Nonfarm
nonmanufacturing

Manufacturing

Farms
Yearend

By legal form of organization

By major industry group

Total

212.2
212.0
213.3
218.6

Equipment Equip- Strucand
struc- ment tures
tures
2,114.0
2,176.5
2,250.1
2,347.4

857.2
888.1
928.8
978.7

1,256.9
1,288.3
1,321.3
1,368.7

Corporate

Noncorporate

Total

Nonfinancial

Equipment Equip- Strucand
struc- ment tures
tures

Equipment Equip- Strucand
struc- ment tures
tures

Equipment Equip- Strucand
struc- ment tures
tures

7,001.9
7,203.7
7,442.0
7,780.9

7,189.0
7,393.8
7,638.9
7,976.5

3,092.6
3,194.8
3,314.6
3,462.0

3,909.3
4,009.0
4,127.4
4,318.9

3,7327
3,840.6
3,971.3
4,134.5

3,456.3
3,553.2
3,667.6
3,842.1

6,529.4
6,695.0
6,891.2
7,172.9

3,315.6
3,400.8
3,501.6
3,631.3

3,213.9
3,294.2
3,389.6
3,541.6

Equipment Equip- Strucand
struc- ment tures
tures
2,295.7
2,350.8
2,413.2
2,513.2

773.4
794.9
811.2
839.1

1,522.3
1,555.8
1,601.9
1,674.0

Table 6.—Current-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1990-93
[Billions of dollars]

1990
1991
1992
1993

Equipment Equip- Strucand
struc- ment tures
tures

5,320.7
5,419.9
5,549.5
5,769.6

2,416.7
2,462.9
2,524.9
2,631.0

2,904.0
2,957.0
3,024.6
3,138.6

Equipment Equip- Strucand
struc- ment tures
tures
169.3
166.6
163.8
164.7

65.2
64.9
63.9
64.2

Nonfarm
nonmanufacturing

Manufacturing

Farms
Yearend

By legal form of organization

By major industry group

Total

104.1
101.6
99.9
100.5

Equipment Equip- Strucand
struc- ment tures
tures
1,152.7
1,184.0
1,218.5
1,270.2

652.9
668.5
683.4
711.9

499.8
515.5
535.1
558.3

Equipment Equip- Strucand
struc- ment tures
tures
3,998.7
4,069.3
4,167.3
4,334.8

1,698,6
1,729.5
1,777.7
1,854.9

2,300.1
2,339.8
2,389.6
2,479.9

Corporate

Noncorporate

Nonfinancial

Total
Equipment Equipand
struc- ment
tures

Structures

Equipment
and
structures

Equipment

Structures

Equipment Equip- Strucand
struc- ment tures
tures

4,021.2
4,101.4
4,210.6
4,383.2

2,016.7
2,058.4
2,108.4
2,189.9

3,595.2
3,658.2
3,743.6
3,886.8

1,744.3
1,776.8
1,824.0
1,899.5

1,850.9
1,881.4
1,919.6
1,987.3

1,299.5
1,318.4
1,339.0
1,386.4

2,004.5
2,043.0
2,102.2
2,193.3

887.3
898.5
916.2
948.7

412.3
419.9
422.8
437.7

Table 7.—Constant-Cost Gross Stock of Fixed Nonresidentiai Private Capital, by Major Industry Group and Legal Form of Organization,
1990-93
[Billions of 1987 dollars]
By major industry group

Total

Manufacturing

Farms
Yearend

1990
1991
1992
1993

Equipment Equip- Strucand
struc- ment tures
tures

8,491.0
8,660.3
8,814.4
9,022.9

4,090.8
4,180.0
4,273.7
4,423.7

4,400.2
4,480.3
4,540.7
4,599.2

Equipment Equip- Strucand
struc- ment tures
tures
327.2
318.0
307.6
299.8

137.8
130.1
122.4
116.5

189.4
187.9
185.2
183.4

Equipment Equip- Strucand
struc- ment tures
tures
1,875.6
1,917.1
1,951.9
1,999.6

1,110.1
1,129.3
1,145.3
1,177.9

By legal form of organization
Nonfarm
nonmanufacturing

765.5
787.8
806.6
821.7

Equipment Equip- Strucand
struc- ment tures
tures
6,288.2
6,425.2
6,554.9
6,723.5

2,843.0
2,920.6
3,006.0
3,129.3

3,445.3
3,504.6
3,548.9
3,594.1

Corporate

Noncorporate

Nonfinancial

Total
Equipment
and
structures

Equipment

Structures

Equipment Equip- Strucand
struc- ment tures
tures

6,436.6
6,574.7
6,710.0
6,885.0

3,390.2
3,468.7
3,557.8
3,689.7

3,046.4
3,106.0
3,152.3
3,195.3

5,826.6
5,924.5
6,016.4
6,142.2

2,996.7
3,048.2
3,105.4
3,199.0

2,829.9
2,876.3
2,911.0
2,943.2

Equipment Equip- Strucand
struc- ment tures
tures
2,054.4
2,085.5
2,104.4
2,138.0

700.6
711.3
716.0
734.0

1,353.8
1,374.3
1,388.4
1,403.9

Table S.—Constant-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1990-93
[Billions of 1987 dollars]

By major industry group

Total

Farms
Yearend

1990
1991
1992
1993

Equipment Equip- Strucand
struc- ment tures
tures

4,773.2
4,828.9
4,876.9
4,979.5

2,202.4
2,230.7
2,267.8
2,359.7




2,570.9
2,598.2
2,609.1
2,619.7

Equipment Equipand
struc- ment
tures
150.3
145.6
140.1
136.6

57.4
55.5
53.4
52.3

Nonfarm
nonmanufacturing

Manufacturing

Structures

92.9
90.1
86.7
84.3

Equipment
and
structures
1,025.7
1,046.6
1,060.5
1,087.0

Equipment

579.3
589.3
595.7
618.0

By legal form of organization

Structures

446.4
457.3
464.8
468.9

Equipment Equip- Strucand
struc- ment tures
tures
3,597.2
3,636.7
3,676.3
3,755.9

1,565.6
1,585.9
1,618.8
1,689.4

2,031.5
2,050.8
2,057.5
2,066.5

Corporate
Noncorporate

Nonfinancial

Total
Equipment Equipand
struc- ment
tures

Structures

Equipment Equipand
struc- ment
tures

Structures

Equipment Equip- Strucand
struc- ment tures
tures

3,608.5
3,656.8
3,707.5
3,797.9

1,780.7
1,803.3
1,814.4
1,823.6

3,215.4
3,246.5
3,277.0
3,341.3

1,632.6
1,646.4
1,650.5
1,653.7

1,164.8
1,172.1
1,169.4
1,181.6

1,827.8
1,853.5
1,893.1
1,974.2

1,582.8
1,600.2
1,626.5
1,687.6

374.6
377.2
374.7
385.5

790.2
794.9
7947
796.1

SURVEY OF CURRENT BUSINESS

August 1994

Table 9.—Current-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1990-93
[Billions of dollars]
By tenure group l

By type of owner and legal form of organization
Private
Yearend

Owner-occupied

Government

Total

Tenant-occupied

Corporate
Total

Noncorporate
Total

1990
1991
1992
1993

7,562.8
7,874.4
8,274.0
8,797.5

7,386.6
7,692.4
8,084.8
8,599.9

Total

Nonfinancial

94.8
97.0
100.0
103.6

94.8
97.0
100.0
103.6

Federal

176.1
182.0
189.1
197.6

7,291.9
7,595.4
7,984.9
8,496.4

73.9
75.7
77.5
80.2

State and
local

102.2
106.3
111.6
117.3

Farm

149.5
152.6
155.5
160.4

Nonfarm

Farm

Nonfarm

21.7
21.8
22.2
23.0

5,272.2
5,514.9
5,821.0
6,219.3

2,077.1
2,142.5
2,231.2
2,348.8

Table 10.—Current-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1990-93
[Billions of dollars]
By tenure group *

By type of owner and legal form of organization
Private
Yearend

Owner-occupied

Government

Total

Tenant-occupied

Corporate
Noncorporate

Total
Nonfinancial

Total

1990
1991
1992
1993

.. .

4,912.6
5,084.8
5,325.6
5,650.3

4,795.8
4,964.9
5,201.7
5,521.3

53.7
54.7
56.0
57.8

53.7
54.7
56.0
57.8

4,742.1
4,910.3
5,145.7
5,463.5

Total

Federal

116.8
119.9
123.9
129.1

53.0
53.8
54.7
56.3

State and
local

63.9
66.1
69.2
72.7

Farm

64.7
66.1
67.4
69.7

Nonfarm

Nonfarm

Farm

7.7
7.7
7.9
8.2

3,560.1
3,703.9
3,901.9
4,163.8

1,261.2
1,288.4
1,329.2
1,388.8

Table 11.—Constant-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1990-93
[Billions of 1987 dollars]
By tenure group 1

By type of owner and legal form of organization
Private
Yearend

Owner-occupied

Government

Total

Tenant-occupied

Corporate
Noncorporate

Total
Nonfinancial

Total

1990
1991
1992
1993

6,916.4
7,030.3
7,157.4
7,312.0

6,754.2
6,865.1
6,988.8
7,139.1

86.6
87.0
87.6
88.6

86.6
87.0
87.6
88.6

6,667.6
6,778.1
6,901.2
7,050.5

Total

Federal

162.1
165.2
168.5
173.0

68.8
69.7
70.3
71.7

State and
local

93.3
95.5
98.2
101.3

Farm

137.0
135.4
133.7
132.1

Nonfarm

Nonfarm

Farm

19.8
19.5
19.2
18.9

4,820.7
4,916.4
5,019.0
5,137.4

1,900.3
1,920.8
1,947.5
1,985.8

Table 12.—Constant-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1990-93
[Billions of 1987 dollars]
By tenure group1

By type of owner and legal form of organization
Private
Yearend

Owner-occupied

Government

Total
Corporate
Noncorporate

Total
Total

1990
1991
1992
1993

4,491.3
4,540.8
4,606.8
4,695.8

4,384.4
4,432.6
4,496.9
4,583.2

49.1
49.0
49.1
49.4

Nonfinancial

49.1
49.0
49.1
49.4

4,335.3
4,383.5
4,447.8
4,533.8

Total

106.9
108.3
110.0
112.7

Federal

48.6
48.9
49.0
49.8

1. Excludes stocks of other nonfarm residential capital, which consists of dormitories, fraternity and sorority houses, nurses' homes, etc.




State and
local

58.3
59.4
61.0
62.9

Farm

59.3
58.6
58.0
57.3

Nonfarm
3,254.3
3,303.9
3,365.0
3,439.7

Tenant-occupied
Farm

Nonfarm

7.0
6.9
6.8
6.7

1,153.4
1,154.7
1,160.6
1,175.8

SURVEY OF CURRENT BUSINESS

August 1994 • 59

Table 13.—Current-Cost Gross Stock of Government-Owned Fixed Capital, 1990-93
[Billions of dollars]
Federal

Total
Excluding military

Total
Yearend

1990
1991
1992
1993

.

Equipment
and
structures

Equipment

Structures

Equipment
and
structures

47289
4,873.9
50670
5,308.8

9521
1,017.3
1 0854
1,131.6

37768
3,856.5
3981 5
4,177.2

3,848 4
3,952.0
40902
4,293.5

Equipment

3297
352.6
3729
395.6

Structures

Equipment
and
structures

3,5187
3,599.4
37173
3,897.9

1,477.3
1,535.0
1 6056
1,668.5

Equipment

7248
770.8
821 6
849.5

State and local

Excluding military

Total
Structures

Equipment
and
structures

7525
764.2
7840
818.9

5968
613.2
6288
653.2

Equipment

Military

Structures

4944
507.0
5198
539.7

1024
106.1
1091
113.5

Equipment
and
structures
8805
921.8
9768
1,015.3

Equipment

6224
664.7
7125
736.1

Fnnirv
cquip-

Structures

2581
257.1
2643
279.2

ment
and
structures

Fnuirv
cquip-

ment

3,251 6
3,338.9
3461 3
3,640.3

227.3
246.5
2638
282.1

Structures

3,024.3
3,092.4
3 197.5
3,358.2

Table 14.—Current-Cost Net Stock of Government-Owned Fixed Capital, 1990-93
[Billions of dollars]
Total
Total
Yearend

1990
1991
1992
1993

Equipment
and
structures
2,783.8
2,863.8
2,967.3
3,091.2

Equipment

566.7
607.3
642.5
659.1

State and local

Federal
Excluding military

Structures

Equipment
and
structures

2,217.2
2,256.6
2,324.8
2,432.1

2,295.5
2,349.8
2,425.0
2,536.8

Equipment

192.0
204.7
214.7
224.8

Structures

2,103.5
2,145.1
2,210.3
2,312.0

837.1
870.1
905.5
928.8

Equipment

433.7
462.9
488.8
496.3

Military

Excluding military

Total
Equipment
and
structures

Structures

Equipment
and
structures

403.4
407.2
416.7
432.5

348.8
356.1
363.2
374.4

Equipment

Structures

289.8
295.8
302.2
312.4

59.0
60.3
61.0
61.9

Equipment
and
structures
488.3
514.1
542.3
554.4

Equipment

374.7
402.6
427.8
434.3

Structures

113.6
111.4
114.5
120.1

Equipment
and
structures
1,946.7
1,993.7
2,061.8
2,162.4

Equipment

133.0
144.4
153.7
162.8

Structures

1,813.8
1,849.3
1,908.1
1,999.6

Table 15.—Constant-Cost Gross Stock of Government-Owned Fixed Capital, 1990-93
[Billions of 1987 dollars]

Excluding military

Total
Yearend

1990
1991
1992
1993

Equipment
and
structures
4,308.9
4,411.6
4,514.2
4,612.8

Equipment

880.0
919.6
958.7
989.4

State and local

Federal

Total

Structures

Equipment
and
structures

3,428.9
3,492.0
3,555.5
3,623.4

3,495.2
3,576.5
3,659.7
3,746.9

Equipment

302.3
318.7
334.8
350.9

Structures

3,192.9
3,257.8
3,324.9
3,396.0

1,352.1
1,382.1
1,410.7
1,432.2

Equipment

671.7
699.3
726.9
746.3

Military

Excluding military

Total
Equipment
and
structures

Structures

Equipment
and
structures
538.4
547.0
556.1
566.3

680.4
682.8
683.8
686.0

Equipment

Structures

444.4
448.6
453.2
458.6

94.0
98.4
102.9
107.7

Equipment
and
structures
813.7
835.1
854.5
865.9

Equipment

577.7
600.9
623.9
638.5

Structures

236.0
234.2
230.6
227.4

Equipment
and
structures
2,956.8
3,029.5
3,103.5
3,180.6

Equipment

208.3
220.3
231.8
243.2

Structures

2,748.5
2,809.2
2,871.7
2,937.4

Table 16.—Constant-Cost Net Stock of Government-Owned Fixed Capital, 1990-93
[Billions of 1987 dollars]
Total
Total
Yearend

1990
1991
1992
1993

Federal
Excluding military

State and local

Excluding military

Total

Military
Fonincquip-

Equipment
and
structures
2,539.1
2,594.7
2,645.8
2,690.2

Equipment

526.2
551.3
569.3
578.6




Structures

Equipment
and
structures

2,012.9
2,043.4
2,076.6
2,111.6

2,085.4
2,127.6
2,170.5
2,214.7

Equipment

176.4
185.7
193.9
200.9

Structures

1,909.0
1,941.9
1,976.7
2,013.8

Equipment
and
structures
768.3
785.3
797.6
801.5

Equipment

404.3
422.3
434.2
438.2

Structures

364.1
363.0
363.3
363.3

Equipment
and
structures
314.7
318.2
322.2
326.1

Equipment

54.5
56.7
58.8
60.5

Structures

260.2
2615
263.4
265.6

Equipment
and
structures
453.7
4671
475.3
475.4

Equipment

349.8
365.6
375.4
377.7

Structures

103.9
101.5
99.9
97.8

ment
and
structures
1,770.7
1 8094
1,848.3
1,888.6

Pnnirv
cquip-

ment

121.9
1290
135.0
140.4

C4ri ip_

tures

1,648.8
1 6804
1,713.2
1,748.3

6o • August 1994

SURVEY OF CURRENT BUSINESS
Table 17.—Current-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1990-93
[Billions of dollars]
Motor vehicles

Yearend

Furniture and household equipment

Total
Autos

1990
1991
1992
1993

l

4 074.5
4,333.7
45797
4,872.0

Other

1,471.7
1,565.1
1 661 5
1,784.2

354.6
379.8
4063
440.2

Furniture,
including
mattresses
and
bedsprings

Kitchen and
other
household 2
appliances

China,
glassware,
tableware,
and utensils

4331
453.0

2314

160.2

239.4
251 2
266.6

172.5

4822
513.2

Other durable
house
furnishings 3

3379
358.8
3760
395.7

1776

187.0

Other
Video and
audio
products,
computing
equipment,
and musical
instruments
2925
310.5
3331

352.4

Jewelry and
watches

Ophthalmic
products and
orthopedic
appliances

Books and
maps

3181
347.3

576
62.2

141 1
152.1

3602
377.3

656

1637

68.0

174.2

Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft
2763
293.1
3022
313.3

Table 18.—Current-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1990-93
[Billions of dollars]
Motor vehicles

Yearend

Furniture and household equipment

Total
Autos

1990
1991
1992
1993

l

2,047.1
2,138.9
2,222.2
2,336.3

Other

195.6
203.3
214.6
233.0

615.6
630.1
640.7
664.4

Furniture,
including
mattresses
and
bedsprings

Kitchen and
other
household
appliances2

China,
glassware,
tableware,
and utensils

235.6
245.6
260.5
277.1

126.5
131.1
138.1
147.4

84.9
91.3
94.0
99.3

Other durable
house
furnishings 3

184.5
194.4
202.8
212.7

Other
Video and
audio
products,
computing
equipment,
and musical
instruments

175.0
185.6
199.1
211.7

Jewelry and
watches

Ophthalmic
products and
orthopedic
appliances

Books and
maps

174.0
187.0
191.4
199.1

30.8
32.6
33.7
34.6

76.3
82.2
88.6
94.0

Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft

148.3
155.5
158.6
163.1

Table 19.—Constant-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1990-93
[Billions of 1987 dollars]
Motor vehicles

Yearend

3,790.3
3,945.6
4,119.2
4,320.9

Other

1,370.4
1,414.1
1,467.2
1,531.4

Other

Furniture and household equipment

Total
Autos

1990
1991
1992
1993

l

330.2
343.1
358.7
377.7

Furniture,
including
mattresses
and
bedsprings

410.5
422.2
433.6
446.7

Kitchen and
other
household
appliances2

China,
glassware,
tableware,
and utensils

Other durable
house
furnishings3

Video and
audio
products,
computing
equipment,
and musical
instruments

Jewelry and
watcnes

233.3
243.8
255.8
269.2

148.3
152.7
157.6
163.2

306.6
318.3
331.0
344.0

319.7
360.2
405.7
461.3

252.9
259.8
266.0
272.6

Ophthalmic
products and
orthopedic
appliances

50.0
51.7
52.7
53.6

Books and
maps

Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft

121.4
126.4
131.9
137.3

246.9
253.3
258.9
264.0

Books and
maps

Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft

65.7
68.4
71.4
74.1

Table 20.—Constant-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1990-93
[Billions of 1987 dollars]
Motor vehicles!

Yearend

Total
Autos

1990
1991
1992
1993

1,906.7
1,953.9
2,010.4
2,091.6

573.2
569.4
565.8
570.5

Other

182.2
183.7
189.5
199.9

Furniture,
including
mattresses
and
bedsprings

Kitchen and
other
household
appliances2

China,
glassware,
tableware,
and utensils

223.4
228.9
234.2
241.2

127.5
133.5
140.7
148.9

78.6
80.8
83.4
86.6

1. Includes tires, tubes, accessories, and other parts.
2. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners,
sewing machines, vacuum cleaners, and other appliances.
3. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors,
art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.




Other

Furniture and household equipment

Other durable
house
furnishings3

167.4
172.5
178.5
184.9

Video and
audio
products,
computing
equipment,
and musical
instruments

Jewelry and
watcnes

Ophthalmic
products and
orthopedic
appliances

191.2
215.4
242.5
277.1

138.3
139.9
141.4
143.8

26.7
27.1
27.1
27.2

132.5
134.4
135.9
137.4

SURVEY OF CURRENT BUSINESS

6i

August 1994

Table 21.—Current-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-93

Table 22,—Current-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-93

[Billions of dollars]

[Billions of dollars]

Fixed private capital

Yearend

Nonresidential

Total
Total

Total

Equipment

ResiStruc- dential
tures
129.6

Government-owned fixed
Durable
capital
goods
owned
State
by conTotal Federal and
sumers
local

Fixed private capital
Yearend

Nonresidential

Total
Total

Total

Equipment

Structures

Government-owned fixed
Durable
capital
goods
owned
ResiState
by condential Total Federal and
sumers
local

1925
1926
1927
1928
1929

419.9
434.6
446.1
460.9
466.8

311.0
321.5
328.8
339.7
343.8

181.4
186.8
190.7
193.4
193.1

54.5
57.0
58.5
59.5
60.1

126.8
129.8
132.2
133.9
133.1

134.7
138.2
146.3
150.7

48.4
49.8
51.1
52.4
52.8

11.9
11.9
11.7
11.6
11.4

36.5
37.9
39.4
40.8
41.5

60.5
63.3
66.1
68.8
70.2

1925
1926
1927
1928
1929

250.7
260.2
267.1
275.9
279.4

182.8
189.5
194.1
200.8
203.2

102.8
104.7
105.9
106.0

29.4
30.8
31.4
31.8
32.3

70.3
71.9
73.3
74.1
73.7

83.0
86.8
89.4
94.8
97.3

35.1
35.8
36.5
37.2
37.4

1930
1931

327.0
291.6
266.4
272.8
281.5

183.2
166.4
155.0
156.0
159.0

58.1
54.5
51.4
50.8
51.3

125.1
111.9
103.6
105.2
107.7

143.8
125.2
111.5
116.9
122.5

51.3
46.6
46.6
54.3
60.1

10.7

1933
1934

445.5
399.1
368.4
382.1
397.0

10.9
12.4

40.6
36.9
37.0
43.4
47.6

67.3
60.9
55.4
54.9
55.5

1930
1931
1932
1933
1934

264.5
232.9
210.4
214.9
220.5

191.7
168.0
149.6
150.0
152.2

99.7
88.8
80.1
78.2
78.0

30.8
27.9
24.9
23.5
23.1

69.0
60.8
55.1
54.6
54.8

91.9
79.2
69.5
71.8
74.2

36.2
32.8
32.7
37.9
41.6

1935
1936
1937
1938
1939

405.0
435.0
460.5
465.3
475.5

285.7
305.9
326.2
328.9
334.9

161.4
170.8
180.2
178.9
180.2

51.0
52.7
55.7
55.7
56.1

110.4
118.2
124.5
123.1
124.1

124.3
135.0
146.0
150.0
154.7

64.2
72.2
75.4
77.8
81.1

13.9
16.7
17.4
18.3
19.5

50.4
55.4
58.0
59.6
61.6

55.1
56.9
59.0
58.6
59.5

1935
1936
1937
1938
1939

223.1
240.0
253.9
255.3
260.8

152.4
162.5
173.2
173.3
175.8

78.0
82.3
87.2
85.7
85.7

22.8
24.0
26.3
26.3
26.7

55.2
58.3
60.9
59.4
59.1

74.5
80.2
86.0
87.7
90.0

44.2
49.7
51.3
52.8
54.9

1940
1941

356.2
388.7
415.8
436.9
458.4

189.0
205.6
218.7
223.7
228.2

59.2
64.5
66.9
67.5
68.6

129.8
141.1
151.7
156.2
159.6

167.2
183.1
197.1
213.2
230.2

89.1

64.1
75.2
85.8
96.0

1940
1941
1942
1944

187.1
204.9
216.5
224.5
233.4

103.6
104.1
105.4

28.9
32.7
33.4
33.0
33.7

61.2
66.2
70.2
71.1
71.6

106.0
112.9
120.4
128.1

60.1
77.4

101.0

280.4
320.1
371.4
424.0
461.0

90.1
98.9

126.2
176.1

66.6
78.3
89.1
91.1
89.5

97.0

112.9
159.9
217.3
265.6

22.5
34.6
70.8

1943
1944

509.3
576.9
661.5
750.2
824.9

113.2
154.7
181.5

1945
1946
1947
1948
1949

913.0
1,038.4
1,177.1
1,249.0
1,280.7

496.4
589.5
695.0
757.9
792.0

248.7
299.0
353.7
386.3
402.4

75.3
89.9

247.7
290.6
341.4
371.6
389.7

313.8
335.1
346.9
337.1
319.5

219.8
226.2
218.2
198.5
181.0

108.9
128.7
138.6
138.6

102.8
113.7
135.2
154.0
169.1

1945
1946
1947
1948
1949

498.1
554.3
627.0
674.3
697.5

251.4
302.1
363.0
404.3
428.4

115.4
141.8
172.5
193.6
205.2

38.4
47.7
60.6
73.4
82.2

77.1
94.1

107.8
125.6
138.9

173.4
209.1
245.8
260.7
263.4

111.9
120.2
122.9

136.0
160.3
190.5
210.7
223.3

200.5
199.0
198.9
193.8
182.5

141.0
131.1
119.4
108.5

1950
1951
1952
1953
1954

1,392.6
1,524.9
1,608.3
1,668.3
1,738.6

868.3
946.4
993.8
1,031.4
1,075.6

441.1
483.4
509.1
529.7
549.5

158.3
178.4
192.8
207.9
221.3

282.9
305.1
316.3
321.8
328.2

427.1
462.9
484.7
501.6
526.0

323.9
351.9
370.2
379.4
395.4

172.6
181.2
190.9
200.5
208.3

151.3
170.8
179.3
179.0
187.2

200.4
226.6
244.3
257.5
267.6

1950
1951
1952

477.7
526.5
557.0
583.4
612.9

228.4
253.5
268.8
282.7
295.0

94.6

106.8
114.5
122.9
129.2

133.9
146.7
154.3
159.8
165.8

249.3
273.1
288.2
300.7
317.9

188.2
205.1
220.5
231.1
242.3

95.1
99.7

1954

774.1
856.0
911.5
957.4
1,002.3

1955
1956
1957
1958
1959

1,866.0
2,023.7
2,117.1
2,191.9
2,278.1

1,155.1
1,241.8
1,300.8
1,341.1
1,394.7

594.8
654.3
693.9
715.5
742.7

243.2
272.9
297.3
311.8
328.8

351.5
381.4
396.6
403.6
413.9

560.4
587.5
606.9
625.6
651.9

427.4
468.7
491.4
505.8
520.4

221.9
239.7
248.0
252.4
259.4

205.4
229.1
243.4
253.4
261.0

283.5
313.1
324.9
345.1
363.1

1955
1956
1957
1958
1959

1,084.6
1,178.7
1,235.3
1,276.4
1,328.0

664.5
719.9
758.6
784.1
820.5

322.0
358.1
383.0
395.2
411.7

141.4
158.2
171.8
177.7
186.2

180.6
199.9
211.2
217.4
225.5

342.5
361.8
375.6
389.0
408.8

1960

1,436.8
1,480.0
1,532.6
1,579.4
1,666.0

761.0
780.9
808.2
838.5
879.9

341.7
350.9
365.1
381.5
402.6

419.2
430.0
443.2
457.0
477.3

675.9
699.1
724.3
740.9
786.0

538.5
562.6
596.9
626.1
654.5

266.9
276.5
290.4
300.0
309.8

271.6
286.1
306.5
326.1
344.7

375.5
387.4
400.2
419.0
434.8

1960

1962
1963
1964

2,350.8
2,430.1
2,529.6
2,624.4
2,755.2

1964

1,371.3
1,417.6
1,478.5
1,539.5
1,625.1

849.5
878.2
913.8
947.0
1,006.0

423.5
435.7
453.4
472.9
500.4

192.4
196.0
203.5
212.5
225.3

231.1
239.7
249.9
260.4
275.1

1965
1966
1967
1968
1969

2,909.6
3,148.0
3,368.2
3,710.2
4,067.4

1,764.5
1,914.5
2,042.0
2,265.9
2,487.9

941.1
1,024.4
1,104.0
1,215.0
1,334.9

431.1
474.2
519.5
570.1
619.1

510.0 823.4
550.2 890.1
584.5 938.0
644.9 1,050.9
715.8 1,153.0

696.1
752.7
805.6
873.2
957.9

322.7
340.8
357.2
375.0
398.1

373.4
411.9
448.4
498.2
559.8

449.0
480.9
520.5
571.2
621.6

1965
1966
1967
1968
1969

1,730.2
1,890.7
2,033.0
2,256.8
2,487.5

1,074.7
1,175.5
1,258.1
1,403.2
1,548.3

542.3
598.7
649.4
719.3
796.3

244.0
272.3
300.0
330.7
361.4

298.2
326.4
349.4
388.6
435.0

1970
1971
1972
1973
1974

4,428.2
4,847.4
5,367.8
6,044.9
7,127.2

2,689.0
2,973.9
3,367.5
3,827.1
4,456.7

1,469.6 679.5 790.1 1,219.4 1,059.6
1,619.0 734.0 885.0 1,354.9 1,151.2
1,797.2
791.4 1,005.8 1,570.3 1,222.3
2,035.1 879.1 1,156.0 1,792.0 1,359.4
2,435.8 1,089.7 1,346.1 2,020.9 1,664.8

1970
1971
1972
1973
1974

2,707.8
2,965.1
3,294.4
3,722.4
4,373.0

1,673.8
1,854.6
2,110.5
2,408.3
2,794.3

878.8
967.7
1,076.4
1,223.1
1,459.5

396.2
425.6
458.3
512.7
635.6

1975
1976
1977
1978
1979

7,843.4
8,577.0
9,622.8
11,056.1
12,683.5

4,978.7
5,502.8
6,236.7
7,169.2
8,233.9

2,754.6
3,023.4
3,371.6
3,832.1
4,397.2

1,264.5
1,405.3
1,576.6
1,791.8
2,057.5

1,490.1
1,618.1
1,794.9
2,040.3
2,339.7

2,224.1
2,479.4
2,865.1
3,337.1
3,836.7

1,745.6
1,840.4
2,014.3
2,345.5
2,691.9

1975
1976
1977

4,773.7
5,192.1
5,820.9
6,694.3
7,682.0

3,101.5
3,415.4
3,872.6
4,462.0
5,132.7

1,638.0 731.2 906.9
1,784.5 805.7 978.8
1,981.4 900.9 1,080.5
2,250.8 1,024.9 1,225.9
2,585.6 1,178.4 1,407.2

1,463.4
1,630.9
1,891.2
2,211.2
2,547.1

1980 .......

9,364.1
10,387.1
11,004.6
11,476.5
12,082.5

5,072.1
5,755.3
6,186.1
6,442.8
6,786.9

2,388.7
2,723.3
2,939.0
3,066.6
3,213.7

2,683.4
3,031.9
3,247.1
3,376.2
3,573.2

4,292.0
4,631.8
4,818.5
5,033.7
5,295.6

2,978.7 885.0 2,093.7 1,963.3
3,141.4 968.0 2,173.4 2,141.7
3,237.1 1,018.0 2,219.1 2,284.9
3,368.0 1,066.6 2,301.5 2,432.5
3,568.4 1,119.3 2,449.0 2,608,2

1980

1983
1984

14,306.0
15,670.2
16,526.5
17,277.1
18,259.0

8,619.0
9,373.7
9,792.1
10,172.1
10,734.4

5,814.2
6,412.9
6,737.3
6,987.0
7,348.0

2,974.2
3,363.3
3,589.0
3,707.1
3,899.4

1,359.8
1,539.6
1,637.1
1,687.6
1,765.6

1,614.5
1,823.8
1,951.9
2,019.5
2,133.8

1985
1986
1987
1988
1989

19,329.7
20,502.6
21,774.4
22,965.5
24,361.2

12,746.6
13,535.7
14,387.6
15,077.9
16,022.3

7,156.4
7,550.1
7,930.6
8,488.0
9,012.4

3,373.6
3,599.2
3,775.0
4,009.9
4,256.9

3,782.8
3,950.9
4,155.6
4,478.2
4,755.5

5,590.2
5,985.6
6,457.0
6,589.9
7,009.9

3,771.9
3,916.4
4,083.5
4,305.9
4,516.2

1,176.1
1,226.7
1,269.4
1,324.5
1,394.0

2,595.8
2,689.7
2,814.1
2,981.4
3,122.3

2,811.1
3,050.5
3,303.3
3,581.7
3,822.7

1985
1986
1987

11,367.3
12,062.7
12,802.9
13,458.4
14,244.6

7,751.8
8,224.3
8,729.1
9,108.3
9,650.3

4,112.7
4,322.2
4,515.9
4,810.3
5,084.2

1,851.8
1,968.6
2,053.1
2,173.9
2,298.6

1990
1991
1992
1993

25,674.8
26,644.5
27,783.5
29,270.5

16,871.4 9,484.8 4,506.1
17,437.0 9,744.6 4,635.5
18,136.9 10,052.1 4,782.6
19,089.7 10,489.7 4,973.6

4,978.7
5,109.1
5,269.5
5,516.1

7,386.6
7,692,4
8,084.8
8,599.9

4,728.9
4,873.9
5,067.0
5,308.8

1,477.3
1,535.0
1,605.6
1,668.5

3,251.6
3,338.9
3,461.3
3,640.3

4,074.5
4,333.7
4,579.7
4,872.0

1990 .......

14,947.4
15,387.5
15,940.6
16,718.4

10,116.5
10,384.8
10,751.2
11,290.9

5,320.7
5,419.9
5,549.5
5,769.6

2,416.7
2,462.9
2,524.9
2,631.0

1932 .......

1942 .......

1961 .......

1981

1982 .......




9.7
9.6

94.0

424.1 635.5 679.7
446.2 704.9 722.4
448.1 774.2 778.0
472.3 887.0 858.4
533.8 1,131.0 1,005.6
563.9
607.6
651.9
722.7
797.9

1,181.7
1,232.8
1,362.4
1,622.8
1,894.0

1,119.1
1,233.8
1,371.8
1,541.5
1,757.7

1943

.......

1953 .......

1961 .......
1962

1963 .......

1978 .......
1979 .......
1981 .......
1982

1983 .......
1984

1988 .......
1989
1991
1992

1993 .......

99.8

8.4
8.1
7.8
7.5
7.2
6.7
5.9
5.8
6.8
7.8
8.8

26.7
27.7
28.8
29.7
30.2

32.7
34.8
36.5
37.9
38.8

29.6
26.8
26.8
31.2
33.9

36.6
32.2
28.1
27.0
26.7

35.4
38.8
40.2
41.2
42.6

26.4
27.7
29.4
29.2
30.1

45.8
53.5
60.1
60.2
57.9

33.2
37.9
41.7
44.9
46.1

59.5
67.8
79.5
85.3
85.1

46.2
53.2
65.1
76.3
86.6

93.2

109.7
120.4
125.8

105.3
110.7
110.7
116.5

108.2
124.4
134.0
143.0
147.1

262.8
286.9
300.6
310.3
318.5

134.1
142.7
146.7
149.3
152.1

128.7
144.1
153.9
161.0
166.4

157.3
171.9
176.2
182.0
189.0

426.0
442.4
460.4
474.1
505.6

328.1
342.7
362.3
379.7
395.4

154.4
158.8
164.6
168.3
170.7

173.8
183.8
197.7
211.4
224.7

193.7
196.8
202.3
212.8
223.7

532.5
576.9
608.7
683.9
752.0

419.4
456.6
491.6
539.4
595.4

174.5
184.8
193.7
206.3
219.9

244.9
271.8
297.9
333.1
375.6

236.1
258.5
283.2
314.2
343.7

482.6 795.0 661.6
542.1 886.8 716.8
618.1 1,034.0 759.2
710.4 1,185.2 843.6
823.9 1,334.8 1,034.6

235.2
244.3
241.5
252.8
285.1

426.4
472.5
517.7
590.8
749.5

372.4
393.7
424.7
470.5
544.2

1,076.5
1,124.0
1,222.7
1,417.2
1,624.9

298.1 778.3
317.1 807.0
338.0 884.7
372.7 1,044.5
415.0 1,209.9

595.7
652.8
725.5
815.2
924.4

2,840.0
3,049.6
3,148.3
3,279.9
3,448.6

1,790.5
1,874.5
1,921.1
1,991.3
2,104.9

464.2
508.5
537.1
567.8
600.7

1,326.3
1,366.1
1,384.0
1,423.5
1,504.3

1,014.3
1,086.2
1,133.7
1,193.8
1,281,5

2,260.8
2,353.6
2,462.8
2,636.4
2,785.6

3,639.1
3,902.1
4,213.2
4,298.0
4,566.1

2,224.5
2,310.9
2,414.3
2,541.8
2,664.7

640.7
677.6
711.8
745.8
789.3

1,583.8
1,633.3
1,702.5
1,796.0
1,875.3

1,391.1
1,527.5
1,659.5
1,808.4
1,929.6

2,904.0
2,957.0
3,024.6
3,138.6

4,795.8
4,964.9
5,201.7
5,521.3

2,783.8
2,863.8
2,967.3
3,091.2

837.1
870.1
905.5
928.8

1,946.7
1,993.7
2,061.8
2,162.4

2,047.1
2,138.9
2,222.2
2,336.3

10.9
11.1
11.6
12.3
14.3
23.9
53.1
94.4

123.6

97.3

62 • August 1994

SURVEY OF CURRENT BUSINESS

Table 23.—Constant-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-93

Table 24.—Constant-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-93

[Billions of 1987 dollars]

[Billions of 1987 dollars]

Government-owned fixed
capital

Fixed private capital
Yearend

Nonresidential

Total
Total

Total

ResiEquip- Struc- dential
ment tures

1,913.7
1,968.3

Total Federal

State
and
local

Durable
goods
owned
by consumers

Fixed private capital
Yearend

Nonresidential

Total
Total

Total

Equipment

Structures

Government-owned fixed
Durable
capital
goods
owned
ResiState
by condential Total Federal and
sumers
local

4,052.9
4,197.2
4,331.6
4,460.2
4,585.3

3,338.3
3,448.4
3,546.9
3,638.5
3,724.8

492.1
508.2
518.6
529.2
545.0

1,421.7
1,460.1
1,496.8
1,530.7
1,569.0

1,424.5
1,480.1
1,531.5
1,578.7
1,610.8

455.0
474.8
497.1
520.3
543.7

124.1
125.0
125.8
126.3
127.0

330.9
349.8
371.3
394.0
416.7

259.6
274.1
287.6
301.4
316.8

1925
1926
1927
1928
1929

2,429.7
2,522.4
2,605.2
2,681.1
2,752.3

1,964.3
2,035.5
2,096.6
2,150.2
2,197.7

1,052.1
1,082.0
1,106.1
1,127.5
1,158.2

263.6
272.1
275.8
279.7
288.9

788.5 912.2
809.9 953.5
830.3 990.5
847.8 1,022.7
869.3 1,039.4

325.1
336.6
350.4
365.1
379.9

87.7

2,015.4
2,059.9
2,114.0

85.5
83.3
81.3
79.9

237.4
251.1
267.1
283.7
300.0

140.2
150.3
158.3
165.9
174.7

1931
1932
1933
1934

4,672.2
4,717.7
4,717.0
4,698.8
4,691.6

3,775.7
3,788.7
3,767.2
3,736.4
3,711.7

2,149.4
2,151.4
2,129.1
2,099.5
2,074.5

552.0
546.7
532.4
516.5
504.0

1,597.4
1,604.7
1,596.6
1,583.1
1,570.6

1,626.3
1,637.2
1,638.1
1,636.8
1,637.2

572.0
601.6
626.4
644.5
667.6

128.5
131.1
135.1
141.1
148.7

443.5
470.5
491.3
503.4
518.9

324.5
327.5
323.5
317.9
312.3

1930
1931
1932
1933
1934

2,785.4
2,779.0
2,730.3
2,669.7
2,625.7

2,210.4
2,187.2
2,131.6
2,071.0
2,021.0

1,170.9
1,151.7
1,109.9
1,065.0
1,028.7

289.0
277.6
257.9
239.0
226.3

881.9
874.0
852.1
826.0
802.5

1,039.6
1,035.6
1,021.7
1,006.0
992.2

399.4
419.6
434.7
442.3
454.5

79.3
79.9
81.9
85.4
90.3

320.1
339.8
352.8
356.9
364.3

175.5
172.2
164.0
156.3
150.2

1935
1936
1937
1938
1939

4,698.5
4,741.7
4,792.3
4,822.8
4,874.4

3,697.4
3,702.9
3,719.4
3,716.6
3,723.9

2,054.7
2,048.3
2,051.3
2,035.4
2,021.8

496.0
496.5
501.2
494.9
491.4

1,558.7
1,551.9
1,550.1
1,540.5
1,530.3

1,642.7
1,654.6
1,668.0
1,681.3
1,702.1

691.8
728.3
759.1
794.1
834.7

158.9
168.8
177.9
187.1
196.8

532.9
559.5
581.2
607.0
637.9

309.2
310.5
313.8
312.1
315.9

1935
1936
1937
1938
1939

2,601.1
2,616.2
2,639.1
2,641.7
2,666.8

1,985.5
1,973.0
1,972.8
1,954.5
1,948.4

1,001.4
990.3
990.1
971.9
958.0

220.3
224.1
232.6
229.5
229.8

781.0
766.3
757.5
742.4
728.2

984.2
982.7
982.7
982.6
990.4

467.6
492.3
510.7
532.6
559.5

97.3

103.9
109.3
114.3
119.7

370.2
388.4
401.4
418.3
439.9

148.0
150.9
155.5
154.5
158.8

1940
1941
1942
1944

4,943.2
5,093.7
5,357.4
5,716.8
6,025.7

3,745.5
3,780.5
3,768.2
3,736.5
3,717.5

2,020.0
2,028.9
2,010.7
1,982.4
1,968.4

496.8
508.3
507.2
503.6
509.2

1,523.2
1,520.6
1,503.5
1,478.8
1,459.2

1,725.5 873.1 212.2
1,751.6 974.5 297.7
1,757.5 1,245.8 561.5
1,754.1 1,635.0 949.3
1,749.1 1,962.9 1,276.9

660.9
676.8
684.3
685.7
686.0

324.6
338.8
343.4
345.3
345.3

1940
1941
1942
1943
1944

2,708.5
2,811.6
2,997.5
3,229.5
3,372.5

1,957.7
1,980.8
1,953.5
1,909.4
1,879.6

956.9
967.1
947.0
918.8
906.0

238.4
252.6
250.4
245.8
251.1

718.6 1,000.8 583.7
714.5 1,013.7 662.0
696.6 1,006.5 878.4
673.0 990.6 1,159.7
654.8 973.6 1,337.9

130.2
202.3
420.9
710.2
897.1

453.4
459.7
457.6
449.6
440.7

167.0
168.8
165.6
160.4
155.1

1945
1946
1947
1948
1949

6,202.8
6,159.4
6,159.5
6,180.6
6,253.3

3,725.3
3,807.7
3,914.6
4,044.2
4,150.8

1,979.3
2,024.5
2,079.4
2,141.8
2,189.9

532.0
566.4
617.6
670.0
709.4

1,447.3
1,458.1
1,461.7
1,471.8
1,480.4

1,746.0
1,783.1
1,835.3
1,902.4
1,960.9

2,130.1 1,443.3
1,982.4 1,288.4
1,844.1 1,133.5
1,702.0 971.4
1,632.6 878.6

686.8
694.0
710.6
730.6
753.9

347.4
369.4
400.8
434.4
470.0

1945
1946
1947
1948
1949

3,387.2
3,295.5
3,291.7
3,349.7
3,420.0

1,876.8
1,944.7
2,037.9
2,148.5
2,232.8

917.9
960.4
1,013.3
1,069.8
1,109.0

273.1
302.1
346.7
390.0
416.9

644.8 958.9 1,357.5
658.3 984.3 1,182.4
666.6 1,024.5 1,064.0
988.4
679.8 1,078.7
692.1 1,123.7
949.1

924.8
751.4
625.6
539.5
486.1

432.7
431.0
438.4
448.9
463.0

152.9
168.4
189.9
212.8
238.0

1950
1951
1952
1953
1954

6,375.0
6,568.0
6,790.5
7,024.3
7,261.2

4,295.4
4,430.3
4,560.2
4,699.2
4,837.3

2,250.2
2,316.6
2,381.4
2,452.7
2,516.9

756.0
806.3
854.8
904.8
946.4

1,494.1
1,510.3
1,526.6
1,547.9
1,570.4

2,045.3
2,113.8
2,178.8
2,246.5
2,320.5

1,569.4
1,593.1
1,653.6
1,717.0
1,780.2

789.0
785.0
817.1
849.7
875.1

780.5
808.1
836.5
867.3
905.2

510.1
544.6
576.7
608.2
643.6

1950
1951
1952
1953
1954

3,555.5
3,696.5
3,858.4
4,037.5
4,197.2

2,349.4
2,452.9
2,546.3
2,647.1
2,746.0

1,155.5
1,205.7
1,250.1
1,300.0
1,342.5

447.4
478.3
504.0
530.6
548.4

708.2
727.4
746.1
769.3
794.0

1,193.8 934.3
1,247.2 947.3
1,296.2 998.3
1,347.2 1,055.0
1,403.6 1,099.7

454.1
449.3
482.3
518.9
536.9

480.1
498.0
516.1
536.2
562.8

271.9
296.4
313.7
335.3
351.4

1955
1956
1957
1958
1959

7,524.4
7,781.1
8,024.9
8,248.4
8,518.3

5,000.2
5,163.8
5,317.2
5,448.5
5,612.7

2,591.2
2,675.0
2,754.6
2,809.9
2,876.3

993.2
1,041.5
1,085.8
1,111.4
1,144.4

1,598.0
1,633.5
1,668.7
1,698.4
1,731.9

2,409.0
2,488.7
2,562.7
2,638.7
2,736.4

1,838.3
1,891.5
1,947.5
2,011.9
2,086.6

892.0 946.3
903.0 988.5
914.2 1,033.3
930.8 1,081.1
956.2 1,130.4

686.0
725.8
760.2
788.0
818.9

1955
1956
1957
1958
1959

4,385.3
4,551.4
4,708.2
4,843.4
5,017.9

2,868.0
2,988.4
3,098.4
3,186.3
3,304.9

1,394.3
1,454.9
1,511.3
1,544.7
1,588.2

572.6
598.0
620.8
626.9
641.0

821.6
856.9
890.5
917.8
947.2

1,473.7
1,533.6
1,587.1
1,641.6
1,716.7

1,139.2
1,167.5
1,200.9
1,243.9
1,288.6

547.1
545.7
547.5
556.4
566.4

592.1
621.7
653.4
687.5
722.2

378.1
395.5
408.9
413.2
424.4

1960
1961
1962
1963
1964

8,781.3
9,038.7
9,329.0
9,640.8
9,979.1

5,773.1
5,930.4
6,105.1
6,300.9
6,518.0

2,948.1
3,017.7
3,097.4
3,183.4
3,290.4

1,176.5
1,203.8
1,238.5
1,278.2
1,329.3

1,771.6
1,813.8
1,858.9
1,905.2
1,961.1

2,825.0
2,912.7
3,007.7
3,117.5
3,227.6

2,160.6
2,237.9
2,323.3
2,404.6
2,487.4

980.8
1,004.8
1,035.1
1,057.2
1,076.8

1,179.7
1,233.1
1,288.2
1,347.4
1,410.6

847.6
870.4
900.5
935.2
973.7

1960
1961
1962
1963
1964

5,184.3
5,346.4
5,533.6
5,745.3
5,977.2

3,418.5
3,527.0
3,651.4
3,792.9
3,951.3

1,637.1
1,682.6
1,738.1
1,797.2
1,874.5

655.5
666.1
684.4
707.1
740.1

981.6
1,016.4
1,053.7
1,090.1
1,1344

1,781.4
1,844.5
1,913.2
1,995.7
2,076.9

1,330.5
1,378.9
1,428.4
1,478.8
1S?fi7

573.8
584.2
594.8
602.3
603.9

756.7
794.7
833.6
876.6
922.7

435.3
440.5
453.8
473.5
499.2

1965
1966
1967
1968
1969

10,371.1
10,784.0
11,184.3
11,621.4
12,067.5

6,774.3
7,037.8
7,290.9
7,568.4
7,858.8

3,431.3
3,591.4
3,744.6
3,906.1
4,082.1

1,399.4
1,484.5
1,565.4
1,653.1
1,749.7

2,031.9
2,106.9
2,179.2
2,253.0
2,332.4

3,343.1
3,446.4
3,546.3
3,662.3
3,776.7

2,572.7
2,666.1
2,758.1
2,844.9
2,929.1

1,094.8
1,116.2
1,129.6
1,133.8
1,141.0

1,477.9
1,550.0
1,628.5
1,711.1
1,788.0

1,024.0
1,080.1
1,135.4
1,208.1
1,279.6

1965
1966
1967
1968
1969

6,256.1
6,555.7
6,831.4
7,139.1
7,439.9

4,143.8
4,336.6
4,511.5
4,703.8
4,902.1

1,981.4 790.0
2,102.5 851.2
2,209.9 904.1
2,320.3 960.0
2,439.3 1,021.0

1,191.4
1,251.4
1,305.9
1,360.3
1,418.3

2,162.3
2,234.1
2,301.6
2,383.5
2,462.8

1,576.4
1,641.5
1,705.7
1,774.6
1,834.0

604.3
615.8
621.0
628.5
632.6

972.1
1,025.7
1,084.7
1,146.1
1,201.4

535.9
577.5
614.2
660.7
703.8

1970
1971
1972
1973
1974

12,476.2
12,923.7
13,401.3
13,934.7
14,408.9

8,131.2
8,429.9
8,759.0
9,131.4
9,462.2

4,250.1
4,410.3
4,580.7
4,795.2
5,007.1

1,839.2
1,922.5
2,019.6
2,149.1
2,279.5

2,411.0
2,487.8
2,561.1
2,646.1
2,727.6

3,881.1
4,019.6
4,178.3
4,336.2
4,455.2

3,001.4
3,071.9
3,129.8
3,182.6
3,235.7

1,141.5
1,143.3
1,136.2
1,126.9
1,116.4

1,859.9
1,928.6
1,993.6
2,055.7
2,119.3

1,343.7
1,421.8
1,512.5
1,620.7
1,711.0

1970
1971
1972
1973
1974

7,690.6
7,958.9
8,255.9
8,598.9
8,865.3

5,074.2
5,266.9
5,486.7
5,741.4
5,943.7

2,543.6
2,635.5
2,735.7
2,873.9
3,000.7

1,070.5
1,112.0
1,165.3
1,247.8
1,325.3

1,473.1
1,523.5
1,570.4
1,626.1
1,675.4

2,530.7
2,631.4
2,751.0
2,867.5
2,943.0

1,883.5
1,920.9
1,947.7
1,973.6
2,001.1

633.7
626.7
613.7
603.7
594.7

1,249.8
1,294.1
1,334.0
1,369.9
1,406.3

732.8
771.1
821.6
883.9
920.6

1975
1976
1977
1978
1979

14,816.3
15,266.6
15,785.9
16,372.5
16,963.4

9,725.6
10,020.4
10,378.4
10,792.2
11,220.3

5,170.6
5,334.7
5,527.2
5,762.4
6,021.7

2,373.4
2,468.3
2,588.4
2,731.1
2,882.,3

2,797.3
2,866.3
2,938.8
3,031.3
3,139.5

4,554.9
4,685.7
4,851.2
5,029.7
5,198.6

3,292.3
3,344.9
3,392.5
3,441.0
3,486.5

1,114.6
1,113.7
1,113.3
1,115.4
1,113.4

2,177.7
2,231.2
2,279.2
2,325.5
2,373.1

1,798.5
1,901.3
2,015.0
2,139.4
2,256.5

1975
1976
1977
1978
1979

9,050.8
9,277.2
9,572.0
9,919.2
10,270.4

6,075.8
6,235.2
6,454.0
6,719.1
6,993.0

3,077.8
3,152.1
3,251.9
3,387.5
3,543.0

1,366.6
1,408.3
1,472.9
1,556.7
1,646.2

1,711.2
1,743.8
1,779.0
1,830.8
1,896.9

2,998.0
3,083.1
3,202.1
3,331.7
3,449.9

2,023.7
2,042.0
2,057.1
2,072.6
2,095.6

587.2
580.0
575.8
574.0
577.6

1,436.5
1,462.0
1,481.2
1,498.7
1,517.9

951.3
1,000.0
1,061.0
1,127.4
1,181.9

1980
1981
1982
1983

17,468.5
17,963.0
18,370.1
18,845.1
1984 ....... 19,440.5

11,584.7
11,936.3
12,216.7
12,523.3
12,909.2

6,263.6
6,509.7
6,711.4
6,891.2
7,126.0

3,008.8
3,125.9
3,205.9
3,285.4
3,396.5

3,254.8
3,383.8
3,505.5
3,605.8
3,729.5

5,321.2
5,426.6
5,505.2
5,632.1
5,783.2

3,543.7
3,602.7
3,648.3
3,704.8
3,769.8

1,122.3
1,137.9
1,142.1
1,155.9
1,176.7

2,421.5
2,464.8
2,506.2
2,548.9
2,593.0

2,340.1
2,423.9
2,505.1
2,616.9
2,761.6

1980
1981
1982
1983
1984

10,523.7
10,754.8
10,902.0
11,111.7
11,440.6

7,197.7
7,383.9
7,499.3
7,642.5
7,865.7

3,677.4
3,810.6
3,900.6
3,970.2
4,096.8

1,709.2
1,763.0
1,782.1
1,804.4
1,862.2

1,968.3
2,047.6
2,118.5
2,165.8
2,234.7

3,520.3
3,573.3
3,598.7
3,672.3
3,768.8

2,123.0
2,148.1
2,166.5
2,191.3
2,223.0

587.1
597.5
602.9
614.7
630.2

1,535.9
1,550.6
1,563.6
1,576.6
1,592.8

1,203.0
1,222.7
1,236.2
1,277.9
1,351.9

1985 ....... 20,091.3
20,752,8
21,399.9
22,062.1
22,717.3

13,322.3
13,727.6
14,112.0
14,503.6
14,886.3

7,388.5
7,616.0
7,825.5
8,045.3
8,272.2

3,518.4
3,632.7
3,737.3
3,854.6
3,978.9

3,870.1
3,983.3
4,088.2
4,190.8
4,293.3

5,933.8
6,111.6
6,286.5
6,458.2
6,614.0

3,849.2
3,933.8
4,026.3
4,114.9
4,204.4

1,204.4
1,232.7
1,266.0
1,292.6
1,319.1

2,644.8
2,701.1
2,760.3
2,822.3
2,885.3

2,919.8
3,091.5
3,261.7
3,443.5
3,626.7

1985
1986
1987
1988
1989

11,823.5
12,214.2
12,576.9
12,942.1
13,292.9

8,112.4
8,346.3
8,557.9
8,773.8
8,980.3

4,247.8
4,361.5
4,457.1
4,561.9
4,672.9

1,929.0
1,986.3
2,034.1
2,092.0
2,154.9

2,318.9
2,375.2
2,423.0
2,469.8
2,518.0

3,864.6
3,984.7
4,100.8
4,211.9
4,307.5

2,268.7
2,320.5
2,380.0
2,429.9
2,481.7

654.8
680.2
710.2
729.6
748.5

1,613.9
1,640.3
1,669.8
1,700.3
1,733.2

1,442.3
1,547.4
1,639.0
1,738.4
1,830.8

23,344.4
23,882.6
24,436.7
25,095.7

15,245.2
15,525.4
15,803.3
16.162.0

8,491.0
8,660.3
8,814.4
9,022.9

4,090.8
4,180.0
4,273.7
4,423.7

4,400.2
4,480.3
4,540.7
4,599.2

6,754.2
6,865.1
6,988.8
7,139.1

4,308.9
4,411.6
4,514.2
4,612.8

1,352.1
1,382.1
1,410.7
1,432.2

2,956.8
3,029.5
3,103.5
3,180.6

3,790.3
3,945.6
4,119.2
4,320.9

1990
1991
1992
1993

13,603.4
13,810.1
14,030.0
14,344.4

9,157.6
9,261.5
9,373.8
9,562.6

4,773.2
4,828.9
4,876.9
4,979.5

2,202.4
2,230.7
2,267.8
2,359.7

2,570.9
2,598.2
2,609.1
2,619.7

4,384.4
4,432.6
4,496.9
4,583.2

2,539.1
2,594.7
2,645.8
2,690.2

768.3
785.3
797.6
801.5

1,770.7
1,809.4
1,848.3
1,888.6

1,906.7
1,953.9
2,010.4
2,091.6

1925
1926

1927 .......
1928
1929

1930 .......

1943 .......

1986
1987
1988
1989
1990
1991
1992
1993




Essential Data on the Infrastructure of the United States . .

IN
This report presents BEA's latest official estimates of the stock of privately owned and government-owned durable
equipment and structures and of durable goods owned by consumers in the United States. The report provides annual
estimates of gross and net stocks, depreciation, discards, and average ages of gross and net stocks in historical-cost,
constant-cost, and current-cost valuations, as follows:
• Fixed nonresidential private capital owned by each two-digit Standard Industrial
Classification(SIC) establishment-based industry for 1947-89, based on the 1987 SIC;
• Fixed nonresidential private capital, by type of equipment and structures and by
legal form of organization, for 1925-89;
•Residential capital, by type of equipment and structures, by legal form of
organization, by industry, and by tenure group, for 1925-89;
• Durable goods owned by consumers, by type of goods, for 1925-89;
• Government-owned fixed capital, by type of equipment and structures, separately
for the Federal Government and for State and local government, for 1925-89.
The report also includes the investment series and service lives used to derive the wealth estimates and a detailed
statement of methodology. BEA's fixed capital and investment estimates are used by economists, academics, public
officials, private business leaders, students, and others. The estimates are used in studies of industry, productivity, and
economic growth, in econometric models, and in studies of business taxation. Order your copy today!
The estimates are also available in other media; for information, call BEA at (202) 606-9740.

Superintendent of Documents Publications Order Form
Order Processing Code:

*7055

Charge your order.
It's Easy!

I—I YES, please send me the following publication:

To fax your orders (202) 512-2250
copies of FIXED REPRODUCIBLE TANGIBLE WEALTH IN THE UNITED STATES 1925-89,
S/N 003-010-00235-2 at $25 each ($31.25 foreign).

The total cost of my order is $.

(Company or Personal Name)
(Additional address/attention line)
(Street address)

_. Price includes regular domestic postage and handling and is subject to change.

(Please type or print)

Please Choose Method of Payment:
i i
Check Payable to the Superintendent of Documents
GPO Deposit Account | | |
VISA or MasterCard Account

i i i i i-n

I

I

I

I

I

I

I I /^ ^

^

I I (Credit card expiration date)

Thank you for
your order!

(City, State, ZIP Code)
(Daytime phone including area code)

(Authorizing Signature)

(Purchase Order No.)

Mail To: Superintendent of Documents
P.O. Box 371954, Pittsburgh, PA 15250-7954




2/93

SURVEY OF CURRENT BUSINESS

64

August 1994

State Personal Income,
Revised Estimates for 1991-93
ARTICLE presents revised annual estimates of State personal income for 1991-93.
It summarizes the revisions and then gives brief
definitions of total and disposable personal income. At the end of the article, table i presents
the revised estimates of total and per capita
personal income, table 2 presents the revised estimates of total and per capita disposable personal
income, and table 3 presents the revised estimates of personal income by major source and
of earnings by industry.
The annual revision of the State estimates of
personal income incorporates results from the
annual revision of the national income and product accounts (NIPA'S) that was published in the
July 1994 SURVEY OF CURRENT BUSINESS/ Specifically, the annual NIPA revision provided revised
national "control totals" for the estimates of State
personal income and of its components.
The annual revision of State personal income
also incorporates State-level source data that are
more current, more detailed, and otherwise more

pertinent than the data used previously. The
State-level revisions affect the distribution of the
national control totals to the States. For wages
and salaries, other labor income, and personal
contributions for social insurance, the revised
1993 estimates reflect more pertinent data for
the fourth quarter and more detailed estimating methods. For farm proprietors' income,
the revised 1993 estimates reflect newly available estimates of farm income for 1993 from
the U.S. Department of Agriculture. For nonfarm proprietors' income, the 1991-93 estimates
are now partly based on newly available data
for 1991 on the number of small establishments
by industry from the Census Bureau's County
Business Patterns. For dividends, interest, and
rent, the 1992-93 estimates are now mainly based
on newly available Internal Revenue Service tabulations of individual income tax returns for
1992. For transfer payments, the 1993 estimates
are now mainly based on newly available data
for 1993 on the benefits provided to individuals under Federal and State programs; the data

i. "Annual Revision of the U.S. National Income and Product Accounts,"
SURVEY 74 (July 1994): 7-48.




Acknowledgments
The revised estimates of State 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, 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. 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.

SURVEY OF CURRENT BUSINESS

are from the agencies that administer the benefit
programs.
Table A presents, for 1991-93, the previously published and revised annual estimates of
State personal income and the amounts of the

August 1994

revisions.2 Although the revisions to the national
estimates for all 3 years were relatively small, the
2. The annual estimates of State personal income for 1991-93 were
previously published in the April 1994 SURVEY.

Table A.—Revisions in Total Personal Income for States and Regions, 1991-93
[Millions of dollars]

United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michioan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina ..
South Carolina
Tennessee
Virginia
West Virginia
Southwest
Arizona
New Mexico
Oklahoma . . .
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wvomino
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington

. .

1991

1992

1993

1991

Percent revision

Revision

Revised

Previously published
State and region

1992

1993

4,831,697 5,128,373 5,368,962 4,840,768 5,135,062 5,359,589
308,308 319,387
294,889 308,867 321,025 295,985
91,625
89,043
85,038
92,124
89,029
84,581
23,271
22,460
21,421
22,456
21,378
23,420
141,578
136,673
141,884
147,148
147,679
136,210
24,457
24,947
24,229
23,231
23,218
25,498
21,204
20,304
19,411
20,256
19,523
21,096
10,112
10,737
11,193
10,742
11,207
10,077
976,538 1,033,068 1,069,249 979,399 1,033,548 1,068,536
15,042
15,220
14,579
13,831
14,318
13,748
17,259
16,569
15,506
16,333
15,491
17,028
109,347
114,414
118,759
114,075
119,375
109,400
192,341 204,091 210,622
212,478
204,038
191,559
436,354
448,076 413,726 437,119 450,754
412,663
234,648 247,115 255,921
257,248
233,676 247,611
795,386 846,445 885,877 795,567 846,619 885,296
237,658 252,938 263,591
237,427 252,858 264,152
109,465
104,022
109,701
103,922
96,851
96,720
175,244 185,665
194,687
184,765
. .
193,849
175,001
196,927
218,371
217,693
208,560
209,851
197,425
95,434
95,049
88,812
99,860
99,805
88,888
354,972 322,012 343,309
343,429
354,656
322,043
47,714
51,564
51,541
50,953
51,225
47,695
48,341
50,295
45,476
50,967
48,764
45,553
91,654
94,942
85,368
95,152
85,314
91,611
98,441
93,358
101,867
93,442
102,369
98,470
31,754
30,775
28,700
31,703
28,720
30,368
10,872
9,877
11,104
10,859
10,809
9,891
12,860
11,520
11,427
12,286
12,638
12,183
1,028,748 1,095,327 1,161,410 1,028,204 1,092,607 1,155,025
68,254
72,154
71,620
63,863
63,808
68,358
37,312
38,776
37,434
34,341
34,276
39,138
283,297
265,418
254,585 265,764 285,300 254,880
117,094
132,832
125,116
116,891
133,345
125,642
64,237
65,064
57,520
61,698
57,365
62,043
63,944
71,252
71,593
68,167
64,083
67,831
....
36,744
39,362
38,869
34,243
36,827
34,265
122,117
113,392
121,880 129,790
113,445
129,889
61,236
58,262
55,077
61,645
55,130
58,410
88,553
93,894
81,659
93,993
88,816
81,831
133,452
139,831
140,421
133,534
126,206
126,229
29,392
28,086
26,385
29,503
28,215
26,440
437,573 469,786 493,669
437,913 470,588 497,775
71,317
71,326
66,687
62,543
67,001
62,779
26,402
24,550
24,452
26,343
22,872
22,930
52,807
55,047
49,593
54,998
52,630
49,531
302,627 326,016
302,612 326,230
346,002
345,009
130,157 139,385 149,761
139,555
150,108
129,865
71,292
76,581
76,895
66,536
71,600
66,519
16,452
17,775
19,395
17,746
19,279
16,368
14,617
13,469
12,753
13,344
14,541
12,623
28,078
26,038
28,206
30,089
30,010
26,076
8,770
8,378
9,275
9,188
8,659
8,278
846,656 891,897 927,652 851,530 900,699 929,154
13,074
12,280
12,970
13,785
13,688
12,226
634,896 667,318 683,002
659,567
681,061
630,901
25,912
25,657
24,539
27,361
27,389
24,488
29,210
31,593
26,755
31,569
26,582
28,931
58,962
55,615
51,919
55,286
58,948
51,701
114,422
109,570
101,140
109,485
115,025
100,758

1991
9,071
1,096
457
43
463
13
112
35
2,861
83
15
-53
782
1,063
972
181
231
131
243
-498

76
-51
19
-77
54
-84
-20
-14
93
-544

-55
-65
295
-203
-155
-139

-22
53
-53
-172

23
-55
340
236
58
62
-15
292
17
84
130
-38
100
4,874
54
3,995
51
173
218
382

1992

1991

1993

6,689
-559

14
4
-306
-228

-48
5
480
261
236
-339

53
765
-496

174
80
100
900
-1,291
385
-120
-272
-423

43
-29
407
50
103
-2,720
-104
-122
-346
-526
-345
-336

-83
-237
-148
-263

-82
-129

S02

314
98
177
214
-170
-308

29
125
-128

111
8,802
104
7,751
255
279
329
85

-9,373
-1,638
-499
-149
-531
-551

108
-14
-713

178
231
-616

-1,856
2,678
-1,327
-581
-561
-236

838
-678

55
-316

23
-672

210
502
51
-232

222
-6,385
-534
-362

1992

0.2
.4
.5
.2
.3
•j
.6
.3
.3
.6
.1
0
.4
.3
.4
0
.1
.1
.1
-.3
.1
0
0
-.2
.1
-.1
-.1
-.1
.8
-.1
-.1
—2

-2,003

!i

-513
-827
-341
-493

-.2
-.3
-.2
-.1
0
-.1
-.2
0
-.2
,1
.4
.3
.1
0
.2
0
.5
1.0
-.1
1.2
.6
.4
.6
.2
.7
.4
.4

-99
-409

-99
-590

111
-894

-9
59
49
-993
-347
-314
-116

76
-79
87
1,502
97
1,941
28
24
14
-603

0.1
-.2
0
0
-.2
9
-.2
0
0
i.8
1.4
-.3
0
.2
-.2
0
0
.1
.5
-.6
.4
0
-.5
-.9
0
0
1.3
.5
.8
-.2
—2
-!3
-.1
-.4
-.6
-.5
-.2
-.2
-.3
-.3
-.1
-.5
.2
.5
.4
.3
.1

1993
-0.2

-.5

-A

-.4
-2.2

.5
-.1
-.1
1.2
1.4
-.5
-.9
.6
-.5
-.1
-.2
-.2
.4
-.3
.1
-.1
0
-1.3

-.2
.5
.2
-2.1

1.8
-.5
—7
-!9
-.7
-.4
-1.3

-.5
-1.3

1.0
.8
1.2
1.0
1.0
.6
.1

-.1
-.7
-.1
-.4
-.4
-.2
0
.2
.1
—3
-.2
-A
-.6
.5
-.3
.9
.2
.7
.3
.1
.1
0
-.5

-.2
0
0
0
-.1
-.3
0
.2
1.0

-.5
-.1
-.1
-.1
4
-.7
-.3
-1
.2

-,1
-.4
.2
.9
-.5
1.3

Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain ,
Pacific




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

321,025
917,803
885,877
354,972
931,550
270,574
511,732
279,346
896,084

295,985
840,715
795,567
322,012
831,593
237,075
450,425
242,621
824,774

308,308
888,325
846,619
343,309
877,438
255,248
484,180
260,146
871,489

319,387
917,298
885,296
354,656
927,616
268,620
510,083
279,073
897,561

1,096
2,816
181
-31
107
-403
-157

759
4,701

-559

322
174
-120

-1,308
-797

-67
521
8,524

-1,638
-505
-581
-316

-3,934
-1,954
-1,649
-273

1,477

.4
.3
0
0
0
-.2
0
.3
.6

•

SURVEY OF CURRENT BUSINESS

66 • August 1994

revisions to the estimates for several regions and
States were substantial.

Definition of total and disposable personal
income

Personal income in the Far West region was
revised up substantially for 1991-92, mainly reflecting revisions to nonfarm proprietors' income
and property income (dividends, interest, and
rent). Personal income in every State in the
region was revised up.

The personal income of a State is defined as
the income received by, or on behalf of, all
the residents of the State. It consists of the
income received by persons from all sources—
that is, from participation in production, from
both government and business transfer payments,
and from government interest (which is treated
like a transfer payment). "Persons" consists of
individuals, nonprofit institutions that primarily serve individuals, private noninsured welfare
funds, and private trust funds.
Personal income is calculated as the sum of
wage and salary disbursements, other labor income, proprietors' income, rental income of
persons, personal dividend income, personal interest income, and transfer payments to persons,
less personal contributions for social insurance.
State per capita personal income is calculated as
the personal income of the residents of a State
divided by the midyear resident population of the
State.
Disposable personal income is the income
available to persons for spending or saving; it
is calculated as personal income less personal
tax and nontax payments. Personal tax and
nontax payments consists of tax payments that
are not chargeable to business expense and of
certain other payments to government agencies
(except government enterprises) that are treated
like taxes. Personal taxes includes taxes on income, including realized net capital gains, taxes
on transfers of estates and gifts, and taxes on
personal property. Personal nontaxes includes

Personal income in the New England region
and in the Southeast region was revised down
substantially for 1993, mainly reflecting revisions
to property income. In the New England region, personal income was revised down in every
State except Rhode Island; in New Hampshire,
the revisions were particularly large, reflecting
downward revisions to farm and nonfarm proprietors' income and to transfer payments as well
as to property income. In the Southeast, personal
income was revised down in every State.
In Delaware, Montana, South Dakota, and
Wyoming, personal income was revised up substantially for all 3 years. These revisions partly
reflected upward revisions to nonfarm proprietors' income. In addition, the upward revisions
to personal income reflected upward revisions to
the following components: In Delaware, property income for all 3 years and transfer payments
for 1993; in Montana, property income for 1992;
and in South Dakota, farm proprietors' income
for 1993.
In North Dakota, personal income was revised down sharply for 1993. The large downward revision mainly reflected revisions to farm
proprietors' income and property income.

Release Schedule for the Annual Estimates of State and Local Area Personal Income
The annual estimates of total and per capita personal
income and of total and per capita disposable personal
income for States for a given year are prepared in two
steps. First, in April, preliminary estimates for the preceding year that are derived from the quarterly estimates
for that year are prepared. Second, in August, the preliminary estimates are superseded by estimates that are more
detailed and more reliable because they are derived from
source data that are more current, more detailed, and
otherwise more pertinent than the data that were used
to prepare the quarterly estimates and the preliminary
annual estimates.
The following April, the annual estimates for the year
are revised in order to incorporate any newly available
data that are used to prepare the county estimates of
personal income for that year.
The annual estimates for a year are routinely revised
again for 2 more years. The State estimates are re


vised in August and \in April, and the county estimates
are revised in April; each revision incorporates newly
available source data. These routine revisions are completed 3 years after the preliminary State estimates were
prepared and 2 years after the county estimates were
prepared.
In addition, the State and county estimates may be
revised again either to incorporate a comprehensive revision to the national income and product accounts or
to incorporate State- or county-level source data that are
available less frequently than biennially. For example, in
April 1994, the estimates for 1981-92 were revised to incorporate journey-to-work data from the 1990 Census of
Population, selected data on production expenses from
the 1987 Census of Agriculture, and data on the income
of sole proprietorships and partnerships for 1987-89 from
the Internal Revenue Service.

SURVEY OF CURRENT BUSINESS

donations and fees, fines, and forfeitures. State
per capita disposable personal income is calculated m the disposable personal income of
the residents of a State divided by the midyear
resident population of the State.
These definitions are essentially the same as
those underlying the personal income estimates
in the NIPA'S. However, the State estimates of
personal income exclude the labor earnings (that
is, wages and salaries and other labor income
less personal contributions for social insurance by
employees) of U.S. residents who are temporarily
working and living abroad (mainly Federal civil-

ian and military personnel), whereas the NIPA
estimates include these labor earnings.
In addition, the national totals of the components of the State estimates of personal income
may differ from the corresponding estimates in
the NIPA personal income series because of different data sources and revision schedules. For
example, the national totals of the State estimates incorporate updated tabulations of wages
and salaries of employees covered by unemployment insurance that became available after the
NIPA estimates were prepared.
Tables i through 3 follow. H

Data Availability
The State personal income estimates presented here,
as well as more detailed tabulations and estimates, are
available on magnetic tape, printouts, and diskettes. Tables of total and per capita personal income are available
for 1929-93, and tables of total and per capita disposable
personal income are available for 1948-93.
Detailed estimates of personal income by major source
and of earnings by industry are available for 1929-93. Tables for 1958-93 present labor and proprietors* earnings
at the Standard Industrial Classification (sic) two-digit
level (for example, food stores) based on the 1967 sic for
1958-74, on the 1972 sic for 1975-87, and on the 1987 sic
for 1988-93. Tables for 1929-57 present earnings at the
sic division level (for example, total retail trade) based
on the 1967 sic.
Supplemental tables are available for wages and salaries
by sic two-digit industry for 1958-93 and by division
level for 1929-57, employment (either including or excluding self-employment) by sic two-digit industry for
1969-93, transfer payments by major program for 194893, farm income and expenses (including broad categories
of gross receipts arid expenses of all farms and four different measures of net farm income) for 1969-93, and




personal tax and nontax payments by level of government
and by type for 1948-93.
A magnetic tape containing a complete set of the State
annual estimates costs $100. Printouts are priced by
the number of pages, and diskettes by the number of
diskettes; thus, the cost of an order depends on the number of series, areas, and years of data ordered. There is
a minimum charge of $10.00 per order.
The State estimates of personal income and employment for 1969-90—in somewhat less detail than that
described above—are also available on the Regional Economic Information System CD-ROM for $35. However,
the State estimates for 1991-92 on this CD-ROM have been
superseded by the revised estimates presented in this
article. (The CD-ROM is updated annually; the latest
update was released in May 1994.) The CD-ROM also
contains the entire set of estimates of personal income
and employment for counties and metropolitan areas for
1969-92.
For further information or to place an order, call
(202) 606-5360 or write to Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.

August 1994

•

67

68 • August 1994

SURVEY OF CURRENT BUSINESS
Table 1.-Total and Per Capita Personal Income by State and Region, 1988-93
Per capita2

Total

1988
United States1

Average annual growth
(percent)

Millions of dollars

State and region
1989

1990

1991r

1992r

1993

r

1992-93

1988

1989

1990

1991'

1992r

1993r

1988

1993

Rank
in
U.S.
1993

5.70

4.37

16,610

17,690

18,667

19,199

20,131

20,781

100

100

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

295,985
85,038
21,421
136,673
23,218
19,523
10,112

319,387
91,625
23,271
147,148
24,947
21,204
11,193

3.78
3.87
4.71
3.43
3.62
4.20
5.46

3.59
2.90
3.61
3.93
2.96
4.68
4.20

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
16,891

21,935
25,426
17,041
22,248
20231
19,035
17,444

22,421
25,844
17,330
22,796
20,961
19,451
17,811

23,364
27,154
18,167
23,625
21,729
20,229
18,801

24,141
27,957
18,775
24,475
22,169
21,203
19,442

122
139
92
125
116
104
94

116
135
90
118
107
102
94

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

979,399 1,033,548 1,068,536
13,831
14,579
15,220
15,506
16,569
17,259
109,347
114,075
118,759
192,341
204,091
210,622
413,726
437,119
450,754
234,648
255,921
247,115

5.07
6.01
5.16
5.29
4.68
4.97
5.43

3.39
4.40
4.16
4.11
3.20
3.12
3.56

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

22,306
20,317
26,094
22,483
24,744
22,925
19,638

23,427
21,102
28,313
23,199
26,098
24,138
20,601

24,083
21,735
29,836
23,920
26,732
24,771
21,241

116
106
128
119
131
119
100

116
105 '""l3
144
5
115
129
2
119
3
102
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
230,790
93,415
169,808
190,608
85,288

795,567
237,658
96,851
175,244
196,927
88,888

846,619
252,938
104,022
185,665
208,560
95,434

885,296
263,591
109,465
194,687
217,693
99,860

5.41
5.48
5.97
5.06
5.08
6.10

4.57
4.21
5.23
4.86
4.38
4.64

16,299
17,725
14,911
16,502
15,732
15,397

17,392
19,071
15,972
17,546
16,644
16,438

18,297
20,159
16,815
18,239
17,547
17,399

18,767
20,622
17,275
18,693
18,001
17,970

19,818
21,781
18,384
19,681
18,923
19,115

20,580
22,534
19,161
20,542
19,627
19,822

98
107
90
99
95
93

99
108
92
99
94
95

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

309,893
46,375
43,763
82,388
89,245
27,470
9,765
10,888

322,012
47,714
45,476
85,368
93,358
28,700
9,877
11,520

343,309
50,953
48,341
91,654
98,441
30,775
10,859
12,286

354,656
51,564
50,295
94,942
102,369
31,754
10,872
12,860

5.67
5.38
5.34
6.01
5.28
5.84
6.82
7.49

3.31
1.20
4.04
3.59
3.99
3.18

15,351
14,332
15,748
16,504
15,570
15,211
11,925
12,835

16,462
15,647
16,399
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

18,103
17,102
18,259
19,289
18,105
18,047
15,594
16,419

19,158
18,178
19,219
20,513
18,965
19,228
17,127
17,344

19,645
18,324
19,874
21,017
19,559
19,757
17,123
17,977

92
86
95
99
94
92
72
77

95
88 ""35
21
96
101
18
94
26
23
95
82
40
87
37

Southeast
Alabama
Arkansas
Florida .
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

849,116
52,521
28,793
205,127
97,819
46,930
53,911
28,854
93,560
45,018
68,379
106,011
22,193

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 1,028,204 1,092,607 1,155,025
60,332
68,254
63,808
71,620
32,450
37,312
34,276
38,776
244,604
254,880
265,418
283,297
111,406
116,891
125,116
132,832
54,454
61,698
64,237
57,365
63,944
71,252
60,228
67,831
36,744
32,398
34,243
38,869
108,339
113,445
121,880
129,790
52,855
55,077
58,262
61,236
77,786
81,659
88,553
93,894
121,397
133,452
126,229
139,831
25,034
28,086
29,392
26,385

6.35
6.40
6.13
6.67
6.31
6.48
5.74
6.14
6.77
6.35
6.55
5.69
5.78

5.71
4.93
3.92
6.17
4.12
5.04
5.78
6.49
5.10
6.03
4.78
4.65

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

17,062
15,601
14,458
19,203
17,636
15,442
15,067
13,210
16,810
15,469
16,489
20,074
14,665

17,881
16,496
15,584
19,686
18,472
16,436
15,852
14,050
17,828
16,171
17,622
20,870
15,527

18,650
17,106
15,994
20,710
19,203
16,954
16,588
14,708
18,688
16,810
18,415
21,544
16,148

88
79
74
100
93
77
76
67
87
79
85
106
73

90 ........
82
77
49
19
100
92
29
82
43
45
80
71
50
90
33
44
81
34
89
104
14
47
78

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

437,913
62,779
22,930
49,593
302,612

470,588
67,001
24,550
52,807
326,230

497,775
71,317
26,402
55,047
345,009

6.68
6.02
7.13
5.48
6.99

5.78
6.44
7.54
4.24
5.76

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

16,965
16,760
14,818
15,656
17,440

17,892
17,483
15,520
16,475
18,449

18,563
18,119
16,333
17,035
19,134

87
91
76
80
89

89
87 ""36
79
46
42
82
92
31

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

130,157
66,536
16,452
12,753
26,038
8,378

139,385
71,292
17,775
13,469
28,078
8,770

149,761
76,581
19,279
14,617
30,010
9,275

7.47
7.25
8.76
7.32
7.49
6.93

7.44
7.42
8.46
8.52
6.88
5.76

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

17,495
19,745
15,854
15,793
14,737
18,295

18,271
20,577
16,676
16,379
15,503
18,871

19,116
21,475
17,540
17,413
16,138
19,724

87
100
77
77
75
86

92
103
84
84
78
95

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

851,530
12,280
634,896
24,539
26,755
51,919
101,140

900,699
13,074
667,318
25,912
29,210
55,615
109,570

929,154
13,785
683,002
27,389
31,593
58,962
114,422

5.86
7.24
5.11
7.68

3.16
5.44
2.35
5.70
8.16
6.02
4.43

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

20,601
21,592
20,880
21,621
20,774
17,789
20,163

21,400
22,244
21,599
22,420
21,857
18,716
21,306

21,782
23,008
21,884
23,378
22,747
19,447
21,773

109
108
113
105
108
91
100

105
111
105
112
109
94
105

20,276
19,137
16,299
15,351
16,215
13,018
14,016
14,706
18,140

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

22,421
22,260
18,767
18,103
18,714
15,445
16,600
17,304
20,596

23,364
23,423
19,818
19,158
19,459
16,434
17,568
18,092
21,385

24,141
24,061
20,580
19,645
20,281
17,091
18,228
18,887
21,749

122
115
98
92
98
78
84
89
109

116
116
99 "'.""'.
95
98
82
88
91
105

Rocky Mountain
Colorado
Idaho
.
Montana
Utah
Wyoming

4,061,806 4,366,135 4,655,420 4,840,768 5,135,062 5,359,589

1988-93

Percent of
national
average

Dollars

..

Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington

308,308
89,043
22,460
141,578
24,229
20,256
10,742

10.41
7.37
8.15

.12
4.67

674

'i
32
4
10
17
28

9
30
20
25
22

'""is
38
39
48
24
7
11
6
8
27
12

Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r

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
309,893
797,691
224,970
425,755
227,536
796,077

295,985
840,715
795,567
322,012
831,593
237,075
450,425
242,621
824,774

308,308
888,325
846,619
343,309
877,438
255,248
484,180
260,146
871,489

Revised.
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 tem-




319,387
3.78
917,298
5.03
5.41
885,296
5.67
354,656
./6.21
927,616
268,620 ^ 6.43
510,083
6.58
279,073
7.36
897,561
5.72

3.59
3.26
4.57
3.31
5.72
5.24
5.35
7.28
2.99

porarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision
schedules.
«
2. 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.

SURVEY OF CURRENT BUSINESS

69

August 1994

Table 2.—Total and Per Capita Disposable Personal Income by State and Region, 1988-93
Per capita1

Total
Average annual growth
(percent)

Millions
minions nf
oi rlnllarc
Qoiiars

State and region

Percent of
national

Dollars

average
1988

1989

1990

1991

'

1992r

1993r

1988-93

1992-93

1988

1989

1990

1991

r

Rank
in
US

1992'

1993'

3,535,222

3,774,071

4,033,622

4,217,960

4,487,681

4,674,270

5.75

4.16

14,457

15,291

16,173

16,729

17,593

18,124

100

100

New England
Connecticut
Maine ....
Massachusetts
New Hampshire
Rhode Island
Vermont

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

255,133
72,712
19,152
116,516
20,816
17,053
8,883

264,566
74,925
20,138
120,543
21,638
17,854
9,469

273,474
76,974
20,792
125,020
22,192
18,659
9,837

3.68
3.60
5.05
3.29
3.55
4.53
5.52

3.37
2.74
3.25
3.71
2.56
4.51
3.89

17,440
19,707
13,500
17,784
17,219
15,004
13,678

18,289
20,860
14,490
18,501
17,799
15,741
14,711

18,828
21,604
15,064
18,926
18,120
16,570
15,225-

19,327
22,098
15,494
19,434
18,793
16,990
15,646

20,049
22,849
16,289
20,115
19,404
17,830
16,573

20,671
23,487
16,775
20,794
19,721
18,658
17,088

121
136
93
123
119
104
95

114
130
93
115
109
103
94

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

838999
1l!808
12,901
92,583
165,919
350,646
205,142

887,324
12,432
13,839
97,797
175,464
372,358
215,433

916,914
13,000
14,376
101,894
180,645
383,885
223,115

5.25
6.56
4.99
5.47
4.71
5.28
5.49

3.33
4.57
3.88
4.19
2.95
3.10
3.57

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

19,108
17,344
21,710
19,036
21,345
19,430
17,169

20,112
17,995
23,648
19,888
22,437
20,562
17,960

20,666
18,564
24,852
20,523
22,927
21,096
18,518

113
101
124
116
129
114
100

114
102 ""l5
.
137
113
5
2
127
3
116
102
16

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

692,204
206,302
84,673
152,646
171,665
76,918

740,747
220,298
91,550
163,214
182,712
82,974

772,422
229,144
96,048
170,814
189,870
86,545

5.43
5.54
5.94
5.22
4.97

4.28

6.01

4.02
4.91
4.66
3.92
4.30

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

16,329
17,901
15,103
16,282
15,692
15,550

17,340
18,970
16,180
17,301
16,578
16,619

17,956
19,589
16,813
18,023
17,119
17,179

98
106
91
99
95
93

99 ........
108
93
30
99
19
94
26
95
25

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

280,733
41,362
39,757
72,737
82,165
25,372
8,873
10,467

300,259
44,254
42,334
78,008
87,204
27,436
9,828
11,196

308,656
44,423
43,870
80,315
90,458
28,190
9,740
11,662

5.54
4.99
5.24
5.70
5.39
5.78
6.85
7.34

3.63
2.96
3.73
2.75
-.90
4.16

13,442
12,578
13,804
14,168
13,687
13,540
tO,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

15,782
14,826
15,963
16,435
15,934
15,954
14,010
14,918

16,755
15,789
16,830
17,459
16,800
17,142
15,500
15,804

17,097
15,786
17,335
17,779
17,283
17,540
15,340
16,301

93
87
95
98
95
94
74
81

94
87 ""37
96
23
98
20
24
95
22
97
85
39
35
90

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
98,168
20,895

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^

909,461
56,632
30,533
226,288
102,494
50,143
57,030
31,366
99,382
48,885
73,613
109,451
23,645

966,958
61,047
33,293
234,786
110,088
53,974
60,793
33,611
106,588
51,963
79,462
115,977
25,377

1,019,331
63,906
34,520
249,938
116,311
55,988
63,757
35,359
113,253
54,432
84,061
121,333
26,472

6.34
6.37
6.07

12,896
11,662
10,976
14,591
13,572
11,229
11,389
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

15,092
13,846
12,879
17,049
15,464
13,498
13,438
12,100
14,726
13,730
14,864
17,406
13,142

15,825
14,754
13,905
17,414
16,253
14,378
14,208
12,852
15,591
14,423
15,812
18,137
14,029

16,459
15,264
14,239
18,272
16,815
14,777
14,843
13,380
16,307
14,943
16,486
18,694
14,544

89
81
76
101
94
78
79
71
87
81
89
104
76

91
84 ""46
48
79
18
101
29
93
82
45
44
82
74
50
90
34
82
43
91
33
103
13
47
80

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

388,234
55,035
20,520
43,738
268,940

419,410
59,412
22,038
46,482
291,478

442,918
63,066
23,668
48,389
307,795

6.72
6.11
7.36
5.19
7.06

5.60

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

15,040
14,693
13,261
13,807
15,499

15,946
15,503
13,932
14,502
16,484

16,517
16,022
14,642
14,974
17,070

89
92
77
82
91

91
88 ""36
81
46
83
42
94
28

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

113,724
57,400
14,856
11,198
22,730
7,541

121,597
61,141
16,011
11,804
24,757
7,883

130,491
65,645
17,334
12,784
26,412
8,315

7.07
6.66
8.63
6.97
7.24
6.82

7.31
7.37

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

15,286
17,034
14,316
13,867
12,865
16,466

15,939
17,647
15,022
14,354
13,669
16,962

16,656
18,409
15,771
15,229
14,203
17,682

89
101
80
79
76
89

92 ........
102
87
38
84
41
78
49
98
21

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
10,149
528,976
19,691
21,434
42,044
82,770

739,471
10,903
550,841
20,884
23,375
44,710
88,759

786,819
11,655
582,965
22,198
25,501
47,862
96,640

810,065
12,277
595,212
23,499
27,480
50,680
100,917

5.98
6.94
5.32

2.95
5.34

7.67

5.86
7.76
5.89
4.43

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

17,890
19,171
18,115
18,401
18,149
15,319
17,695

18,694
19,829
18,869
19,207
19,081
16,107
18,792

18,990
20,491
19,071
20,057
19,786
16,716
19,203

109
112
112
104
107
91
103

105
113
105
111
109
92
106

17,440
16,294
14,212
13,442
14,111
11 '688
12,506
12,997
15,728

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
14522
17*383

19,327
19^109
16,329
15*782
16,370
13795
14,750
15167
17*882

20,049
20* 125
17,340
16J55
17,051
14686
15,676
15894
18i681

20,671
20*660
17,956
17*097
17,731
15*226
16,241
16561
18*963

121
113
98
93
98
81
87
90
109

114
114
99
94
98
84
90
91
105

United States

Rocky Mountain
Colorado
Idaho
Montana .
Utah
Wyoming
Far West ...
Alaska ....
California
Hawaii ....
Nevada ..
Oregon ..
Washington

6.83
6.29
6.26
5.47
5.96
6.71
6.33
6.32
5.92
5.57

10.47
7.04
7.89

2.80

.38

5.42
4.68
3.69
6.45
5.65
3.73
4.88

520
6.25
4.75
5.79
4.62
4.31

6.15
7.40
4.10
5.60

8.26
8.30
6.69
5.48

2.10

1988

1993

1993

1

31
4
9
14
27

6
12
7
8
32
11

Census Divisions

New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r

228,223
61 1 ,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
187736
352,121
186,024
630,277

248 890
693,909
667,483
269,410
693,933
200302
376,386
199,179
683,630

255,133
721,707
692 204
280,733
727,437
211*754
400,241
212,654
716,097

264 566
763,255
740 747
300,259
768847
228*093
432,046
228,548
761,318

Revised.
1. 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.




273,474
787,645
772,422
308'656
811,008
239*315
454,461
244,705
782,584

3.68
5.21
5.43
5.54
6.31
6.27
6.54
7.19
5.84

3.37
3.20
4.28
2.80
5.48

4^92
5.19
7.07
2.79

...

...

SURVEY OF CURRENT BUSINESS

JO • August 1994

Table 3.—Personal Income by Major Source and Earnings by Industry, 1991-93
[Millions of dollars]
United States

Connecticut

New England

Maine

Massachusetts

Item

Line

1991

1992

1993

1991

1992

1993

1991

1992

1993

1991

1992

1993

1991

1992

1993

Income by Place of Residence
1 Total personal income (lines 6-11)
2
Nonfarm personal income
Farm income (line 17)2
3
4
5

4,840,768 5,135,062 5,359,589
4,796,091 5,085,150 5,312,834
44,677
49,912
46,755

295,985
295,215
771

308,308
307,420
888

319,387
318,478
908

85,038
84,818
220

89,043
88,811
231

91,625
91,367
258

21,421
21,264
157

22,460
22,263
197

23,271
23,085
186

136,673
136,451
222

141,578
141,358
220

147,148
146,912
236

257,908
20,781

13,201
22,421

13,196
23,364

13,230
24,141

3,290
25,844

3,279
27,154

3,277
27,957

1,236
17,330

1,236
18,167

1,239
18,775

5,995
22,796

5,993
23,625

6,012
24,475

3,472,632 3,705,208 3,865,406
235,312
248,032
260,682
3,236,535 3,456,398 3,603,896
843,362
835,062
820,601
769,171
858,063
912,331

207,976
14,062
3,287
197,201
52,771
46,013

218,824
14,783
3,653
207,694
50,834
49,780

227,387
15,557
3,713
215,543
52,100
51,744

60,494
4,322
2,608
58,780
15,669
10,589

63,153
4,634
2,973
61,492
15,217
12,334

65,031
4,900
3,039
63,170
15,620
12,835

14,565
814
85
13,836
3,570
4,016

15,227
845
100
14,482
3,540
4,438

15,730
885
118
14,962
3,614
4,694

98,572
6,525
-1,990
90,057
23,953
22,664

103,991
6,776
-2,079
95,136
22,738
23,704

108,641
7,104
-2,159
99,378
23,293
24,476

2,801,916 2,964,451 3,072,264
298,784
328,433
354,994
412,324
371,932
438,148
37,968
33,858
32,400
339,532
374,356
404,290
. . .

169,535
18,400
20,041
479
19,562

177,176
19,762
21,886
604
21,282

182,691
21,284
23,411
597
22,814

49,327
5,442
5,725
142
5,583

51,170
5,796
6,187
155
6,033

52,251
6,180
6,600
174
6,426

11,305
1,353
1,907
94
1,813

11,736
1,441
2,050
136
1,914

12,002
1,551
2,177
119
2,058

81,440
8,585
8,547
142
8,404

85,241
9,247
9,503
142
9,361

88,431
10,006
10,205
151
10,054

49,912
44,677
46,755
3,427,955 3,655,296 3,818,651
3,046,712
3,187,253
2,850,331
22,370
23,133
24,568
21,502
20,201
19,165
2,932
3,066
3,205
34,942
34,364
35,151
7,107
7,721
7,776
20,127
19,657
20,833
2,971
2,965
2,978
4,246
4,123
3,953
197,592
185,297
186,229

771
207,205
179,298
1,202
872
330
151
7
9
13
122
9,638

908
888
217,936 226,478
196,570
189,196
1,225
1,175
958
895
267
280
181
166
7
12
11
9
11
13
146
139
10,077
9,369

220
60,274
52,815
264
253
11
55

258
64,773
56,777
296
285
11
72
12
7
7
47
2,860

157
14,408
11,663
180
78
102

197
15,030
12,213
161
80
81
6

186
15,544
12,754
166
82
84

0
(D)

9
2,838

231
62,922
55,245
270
260
10
63
6
6
6
45
2,757

R

8

220
103,771
90,934
515
377
139
54
0
2
2
50
3,895

236
108,406
94,868
523
403
120
57
0
3
2
52
4,340

Population (thousands) 3 .. .
.
Per capita personal income (dollars)4

252,137
19,199

255,078
20,131

Derivation of Total Personal Income
6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85)
Less* Personal contributions for sxial insurance5
Plus' Adjustment for residence6
Equate Net earnings by place of residence
Plus' Dividends interest and rent7
Plus' Transfer payments

-785

-778

-828

Earnings by Place of Work
Components of Earnings:
12 Wages and salaries
Other labor income
13
14
Proorietors' income8
Farm
15
Nonfarm8
16

.

Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28

Farm
Nonfarm
. .
...
Private
Agricultural services, forestry, fisheries, and other9
Agricultural services
Forestry, fisheries, and other9
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction

H

1
866

4
875

2
4
912

222
98,350
85,749
532
370
162
52
0
2
2
47
4,049

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products .
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries ...
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products ...
Instruments and related products .
Miscellaneous manufacturing industries

661,640
258,057
50,324
15,423
18,903
26,755
50,200
55,509
9,575
2,582
26,168
2,618
403,583
20,100
11,911
31,343
46,032
79,772
59,268
48,733
37,450
17,521
40,727
10,726

692,766
273,513
53,047
16,473
19,745
28,382
52,489
59,631
10,132
2,686
28,347
2,581
419,253
21,154
12,841
31,489
47,634
81,527
61,061
48,693
43,838
18,093
41,549
11,374

709,492
281,611
54,653
17,057
19,978
29,166
54,144
61,176
10,111
2,545
30,191
2,590
427,881
22,966
13,720
32,175
49,171
84,118
63,627
44,875
45,456
18,807
41,099
11,867

45,017
13,562
1,555
961
627
2,323
3,398
2,336
100
41
1,715
505
31,455
740
363
1,113
3,467
6,925
5,649
5,685
198
701
5,085
1,530

46,026
14,148
1,606
1,027
673
2,395
3,447
2,485
123
60
1,830
501
31,878
761
388
1,132
3,563
7,055
5,762
5,515
246
717
5,137
1,603

45,988
14,634
1,645
1,076
680
2,414
3,557
2,494
137
51
2,035
547
31,354
836
412
1,147
3,625
6,834
5,557
5,186
258
723
5,154
1,622

14,325
3,776
457
78
132
419
926
1,268
14
40
398
43
10,549
(D)
(D)
414
1,301
1,858
1,391
3,655
105
157
1,220
283

14,452
3,881
445
74
145
430
927
1,327
17
60
418
37
10,571
78
89
408
1,333
1,808
1,472
3,533
115
137
1,298
300

14,280
3,977
434
77
140
431
955
1,349
21
50
449
70
10,303
82
89
403
1,354
1,810
1,396
3,291
127
140
1,308
302

3,021
1,618
161
121
49
806
145
33
11
0
88
204
1,403
305
(D)
(D)
89
147
228
481
P)
39
34
16

3,097
1,686
164
128
54
837
148
43
14
0
90
209
1,411
306
29
23
92
142
229
492
18
37
26
17

3,165
1,728
171
136
52
841
152
47
15
0
98
215
1,438
336
31
23
96
144
232
474
20
40
23
18

19,772
5,870
666
454
373
766
1,788
839
69
0
749
164
13,902
110
127
384
1,584
3,660
2,942
1,216
33
314
3,000
533

20,201
6,147
707
506
394
795
1,800
903
86
0
801
156
14,054
112
142
377
1,598
3,790
2,942
1,184
55
344
2,959
552

20,178
6,383
738
518
391
805
1,858
891
95
0
929
156
13,796
124
151
371
1,619
3,627
2,813
1,125
53
342
2,983
587

53
54
55
56
57
58
59

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communications
Electric, gas, and sanitary services ..

232,514
12,232
54,233
6,888
51,421
59,331
48,409

245,388
12,940
56,894
6,797
54,670
62,136
51,951

257,360
13,699
60,076
6,812
57,235
65,513
54,025

10,599
239
2,195
224
2,201
3,029
2,712

11,017
247
2,186
213
2,370
3,130
2,871

11,523
273
2,280
203
2,514
3,225
3,027

3,098
34
641
67
720
872
763

3,100
(D)
562
70

767
45
261
(D)

$
783

3,290
(°)
579
69
(D)
940
857

200

795
43
266
(D)
(D)
181
214

829
41
272
D
(D
)
( !
186
227

5,123
134
902
108
1,207
1,544
1,228

5,392
142
939
93
1,307
1,610
1,300

5,577
163
1,000
85
1,377
1,616
1,336

60
61
62
63
64

Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate

223,032
335,476
241,230
78,589
162,641

236,590
352,433
281,230
85,794
195,436

240,724
368,207
296,538
90,571
205,967

13,246
20,203
17,848
4,789
13,059

13,946
20,888
20,148
5,114
15,034

14,039
21,598
21,169
5,262
15,907

3,987
5,467
6,930
1,467
5,463

4,135
.5,519
7,751
1,588
6,164

4,012
5,641
8,076
1,563
6,513

727
1,752
807
252
555

748
1,855
864
255
608

770
1,953
919
266
653

6,712
9,162
7,769
2,320
5,449

7,070
9,457
9,090
2,541
6,550

7,153
9,727
9,683
2,687
6,996

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking ....
Miscellaneous repair services
Amusement and recreation services
Motion pictures
.. ..
Health services
Legal services
Educational services
...
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services

914,408
34,031
29,540
8,984
153,237
26,742
12,244
36,350
14,569
295,361
77,112
39,081
27,901
1,251
31,294
120,342
6,369

994,001 1,057,621
35,254
36,675
33,094
31,436
9,948
10,515
168,829
186,069
27,358
29,649
12,733
13,670
44,814
41,593
14,778
16,390
324,012
342,999
83,317
85,996
42,997
41,246
30,886
33,471
1,364
1,444
34,357
32,846
131,399
138,201
7,002
7,280

61,395
1,573
1,750
409
9,914
1,409
707
1,755
417
20,942
4,524
5,331
2,233
118
1,391
8,570
352

66,461
1,623
1,829
447
10,721
1,409
734
2,055
436
22,897
4,822
5,560
2,416
124
1,423
9,582
383

70,770
1,656
1,928
469
11,886
1,553
787
2,237
483
24,272
5,029
5,811
2,625
130
1,477
10,033
394

15,851
245
520
138
2,700
360
221
453
123
5,691
1,136
1,108
565
23
375
2,065
129

17,198
243
539
151
2,981
352
219
575
129
6,124
1,213
1,164
596
25
388
2,362
137

18,250
245
565
158
3,280
390
239
664
166
6,445
1,268
1,205
638
26
406
2,419
135

3,538
155
112
38
364
123
52
168
22
1,460
266
171
156
t
90
332
25

3,813
162
117
42
382
123
58
201
26
1,583
285
181
172

4,033
164
123
44
405
135
57
214
24
1,677
291
194

9'
357
27

9f
382
29

32,578
796
806
169
5,420
648
324
842
212
10,355
2,474
3,234
1,117
78
696
5,261
146

35,260
819
840
184
5,824
648
336
960
223
11,415
2,609
3,365
1,211
81
702
5,880
162

37,631
832
890
194
6,486
719
363
1,025
232
12,134
2,719
3,501
1,334
85
723
6,225
169

577,624
116,322
48,392
412,910

608,584
123,209
51,288
434,087

27,907
4,684
1,550
21,674

28,740
4,883
1,514
22,343

29,909
5,151
1,420
23,338

7,459
942
414
6,102

7,677
1,040
381
6,257

7,996
1,074
352
6,570

2,745
637
282
1,826

2,816
657
270
1,890

2,789
616
258
1,915

12,601
2,235
521
9,845

12,837
2,265
521
10,050

13,537
2,525
489
10,523 ^

82
83
84
85

Government and government enterprises
Federal civilian
Military
State and local .

See footnotes at end of table.




631,398
128,185
49,469
453,744

$

19;

SURVEY OF CURRENT BUSINESS

August 1994

and Earnings by Industry1,1991-93
of dollars]

Mideast

Vermont

Rhode Island

New Hampshire

1991

1992

1993

1991

1992

1993

1991

1992

1993

23,218
23,173
45

24,229
24,180
49

24,947
24,886
61

19,523
19,485
38

20,256
20,219
37

21,204
21,158
45

10,112
10,023
89

10,742
10,589
153

11,193 979,399 1,033,548 1,068,536
11,070 977,300 1,031,070 1,066,140
123
2,099
2,396
2,478

1,108
20,961

1,115
21,729

1,125
22,169

1,004
19,451

1,001
20,229

1,000
21,203

568
17,811

571
18,801

576
19,442

43,907
22,306

44,119
23,427

14,731
916
1,857
15,672
4,305
3,241

15,659
964
1,898
16,592
4,184
3,453

16,320
1,014
1,938
17,244
4,280
3,423

12,599
1,043
673
12,229
3,339
3,955

13,279
1,095
705
12,889
3,236
4,131

13,804
1,147
719
13,375
3,318
4,510

7,015
442
55
6,628
1,935
1,549

7,515
469
56
7,101
1,921
1,719

7,860
506
59
7,413
1,975
1,805

699,372
51,415
-8,761
639,196
178,598
161,605

11,635
1,308
1,788
23
1,764

12,353
1,426
1,881
28
1,853

12,752
1,540
2,029
38
1,991

10,360
1,098
1,141
27
1,115

10,888
1,186
1,205
27
1,178

11,226
1,282
1,296
34
1,263

5,469
613
933
51
882

5,788
666
1,060
116
944

45
14,686
12,783
81
70
11
14

49
15,610
13,616
84
73
10
15

61
16,259
14,198
90
79
11
15

37
13,242
11,013
89
52
38
8
0

45
13,759
11,464
92
53
39
7
0

0
1
13
800

0
1
14
795

0
1
15
846

38
12,561
10,474
91
49
43
5
0
0
1
4
604

153
7,361
6,174
56
53
2
20
P)
0

6
569

6
601

89
6,926
5,815
53
51
2
19
0
0
0
19
481

3,557
1,011
94
94
32
204
223
56
3
0
249
56
2,546
118
29
140
193
947
434
42
1
67
522
52

3,779
1,057
99
98
40
189
235
64
3
0
266
61
2,722
129
36
153
231
995
482
38
2
74
529
53

3,782
1,102
96
110
53
190
249
46
3
0
286
68
2,680
139
39
162
249
916
487
35
2
74
525
54

2,783
909
76
205
23
56
192
116
1
0
201
38
1,874
P)
43
127
211
178
135
203
P)
42
241
628

2,894
964
78
210
21
70
207
123
1
0
216
38
1,930
17
43
141
221
183
131
189
45
43
257
661

2,947
1,013
83
223
22
71
207
135
1
0
232
38
1,934
20
46
156
223
195
135
187
42
46
246
637

723
P)
156
P)
84
179
293

800
P)
165
P)
P)
190
341

838
P)
171
P)
P)
195
353

517
P)
119
18
P)
167
123

536
P)
131
18
P)
176
118

844
1,785
1,046
285
761

927
1,903
1,083
265
819

1,012
2,028
1,082
272
810

619
1,241
917
316
600

3,934
142
148
26
638
127
47
136
26
1,351
259
300
157
4
81
473
20

4,231
152
157
28
699
130
52
148
24
1,477
281
316
172
4
84
487
21

4,504
156
168
30
776
141
54
155
24
1,570
298
335
177
4
88
507
23

1,902
296
46
1,561

1,994
315
45
1,634

2,061
322
45
1,695

1992

District of Columbia

Delaware

1991

Maryland
1992

Line

1991

1992

1993

1991

1992

1993

13,831
13,688
143

14,579
14,448
131

15,220
15,100
121

15,506
15,506

16,569
16,569

17,259 109,347 114,075 118,759
17,259 108,986 113,699 118,421
375
361
338

44,368
24,083

681
20,317

691
21,102

700
21,735

594
26,094

585
28,313

578
29,836

4,863
22,483

4,917
23,199

4,965
23,920

4
5

742,633
54,082
-9,352
679,200
173,663
180,685

767,644
56,016
-9,597
702,032
175,934
190,570

11,107
1,140
-606
9,361
2,608
1,863

11,585
1,168
-610
9,807
2,659
2,113

12,040 29,050 30,985 32,131
2,394
1,221
2,224
2323
-634 -16,877 -17,898 -18,649
10,185
9,948 10,764 11,088
2,477
2,766
2,375
2,399
2,269
3,429
3,693
3,158

70,642
4,587
11,168
77,223
17,106
15,019

73,608
4,737
11,937
80,808
16,876
16,391

76,437
4,935
12,490
83,993
17,515
17,251

6
7
8
9
10
11

6,030 572,124
725 57,539
69,708
1,105
82
1,201
68,508
1,023

603,212
62,562
76,859
1,605
75,254

618,213
67,127
82,305
1,442
80,863

9,198
1,056
854
118
736

9,503
1,147
935
106
829

9,824
1,231
985
94
891

60,201
5,843
7,564
285
7,279

62,063
6,319
8,055
239
7,815

12
13
14
15
16

2478
740,155
616,327
3,039
2,421
618
1,652
883
253
38
478
32,324

2396
765,249
636,763
3,248
2,557
690
1,582
778
262
38
503
33,306

143
10,964
9,435
42
40
1
21
15

131
11,455
9,871
43
42
1
20
14

121
11,920
10,260
47
45
1
19
15

20
479

123
2099
7,738 697,273
6,508 578,544
2,975
58
2,373
56
2
602
23
1,651
875
P)
247
0
41
P)
22
488.
518 33,533

P)
692

P)
680

713

P)

1,559
378
102
9
17
71
123
23
1
0
32
0
1,181
106
P)
P)
89
135
518
87
7
83
68
18

1,604
414
115
10
18
74
130
25
1
0
40
0
1,190
119
49
29
89
138
506
79
11
83
68
20

1,635 113,749
431 53,669
123
8,188
11
1,576
21
4,869
75
4,143
135 12,905
26 15,804
1
1,718
0
179
40
3,738
0
548
1,204
60,080
134
1,589
55
1,289
32
6,542
84
6,636
142 11,903
495
9,131
3,213
73
14
3,148
3,682
81
69 10,449
24
2,498

116,373
55,908
8,526
1,565
4,911
4,333
13,460
16,668
1,739
179
4,010
517
60,465
1,602
1,306
6,312
6,833
11,827
9,191
3,294
3,463
3,699
10,349
2,589

116,633
56,522
8,709
1,642
4,954
4,359
13,647
16,615
1,751
188
4,152
504
60,112
1,700
1,350
6,185
6,875
11,580
9,270
3,121
3,563
3,721
10,055
2,692

3,339
2,578
209
P)
26
66
72
2,009
P)
0
P)
P)
761
21
14
44
61
44
P)
P)
371
24
131
14

3,333
2,527
222
27
28
69
72
1,930
64
P)
114
P)
806
23
15
45
60
63

571
P)
128
17
P)
191
133

371
8
116
5
46
90
105

395
8
124
5
49
95
115

418
8
130
5
54
99
123

45,217
1,463
9,045
1,629
10,253
13,830
8,996

47,325
1,561
9,197
1,605
10,549
14,831
9,582

49,042
1,701
9,462
1,588
10,893
15,409
9,987

666
1,315
949
310
639

677
1,368
981
314
667

358
796
379
149
230

400
839
411
155
256

415
881
427
160
267

44,520
58,526
70,798
20,880
49,919

47,173
60,528
84,851
22,813
62,038

3,697
65
106
18
589
90
34
97
1.3
1,436
286
349
178
5
110
305
15

3,989
64
115
20
598
94
37
110
12
1,590
319
356
194
6
113
345
16

4,220
65
118
21
664
99
40
116
13
1,681
330
389
204
6
119
337
17

1,797
170
58
19
203
61
29
59
21
649
104
168
61
4
39
134
17

1,970
183
61
21
238
63
31
61
23
707
116
179
70
5
41
152
20

2,132 207,573
193
6,651
64
5,091
22
1,980
275 33,912
4,447
69
33
1,918
64
7,553
24
2,595
765 63,544
123 22,629
188 12,073
7,941
78
5
353
43
7,001
164 28,405
21
1,479

2,088
389
250
1,448

2,229
406
258
1,565

2,294
402
236
1,657

1,112
184
36
891

1,188
201
39
948

1,230 118,729
212 30,407
41
4,540
977 83,782




8

a

1993

1991

1993

1
2
3

25,556
2,048
1,446

26,959
2,249
1,777

27,797
2,419
1,915

1,446

1,777

1,915

58,156
5,394
7,092
267
6,825

29,050
16,387
263
5
258
10
P)
P)
423

30,985
17,426
273
6
267
8
P)
5
2
P)
355

32,131
18,044
307
6
301
8
P)
5
2
P)
339

361
70,281
54,459
382
345
37
71
32
3
2
35
4,941

375
73,232
57,101
393
349
44
62
30
P)
P)
27
4,717

338
76,099
59,366
420
373
47
62
28
P)
P)
29
4,861

17
18
19
20
21
22
23
24
25
26
27
28

3,358
2,457
233
27
31
73
73
1,835
65
P)
118
P)
901
24
16
58
59
70

753
638
15
1
1
2
599
18
3
P)
P)
0
115
2
1
3
3
10

751
656
16
3
1
4
608
19
5
0
0
0
95
1
3
3
3
9

773
678
16
1
1
4
628
22
6
0
0
0
95
1
3
4
3
9

398
26
130
15

434
26
169
14

7
4
3

5
5
4
3

P)
5
6
3
3

7,426
3,130
747
P)
181
301
940
606
P)
0
257
38
4,295
113
79
494
289
620
801
337
224
244
1,021
73

7,502
3,257
752
25
180
311
990
639
40
0
283
36
4,246
108
88
473
308
615
784
367
264
232
942
65

7,509
3,355
760
29
185
301
1,037
671
45
0
295
33
4,154
120
97
454
304
624
806
280
264
238
900
67

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

581
P)
145
24
P)
90
182

609
P)
154
23
P)
92
197

634
P)
159
22
P)
99
201

1,142
P)
27
8
P)
634
231

1,208
P)
27
6
P)
. 665
245

1,240
P)
27
11
P)
667
242

4,234
P)
895
132
P)
1,377
941

4,370
P)
925
130
P)
1,416
979

4,522
P)
962
124
P)
1,463
1,032

53
54
55
56
57
58
59

47,494
61,852
89,137
23,278
65,860

466
992
949
619
330

471
1,047
1,126
703
424

482
1,086
1,248
789
459

388
901
1,242
551
690

402
900
1,568
574
994

353
907
1,591
586
1,005

4,006
7,403
4,878
1,497
3,380

4,149
7,676
5,456
1,683
3,773

4,198
7,721
5,796
1,853
3,943

60
61
62
63
64

223,061
6,829
5,353
2,176
36,406
4,444
1,895
8,344
2,653
69,595
24,245
12,763
8,739
389
7,315
30,352
1,564

234,470
7,096
5,534
2,289
38,810
4,686
1,968
8,846
2,747
73,507
24,956
13,340
9,284
411
7,629
31,768
1,598

2,353
56
72
23
396
76
38
68
14
862
226
78
100
13
86
234
10

2,542
45
79
26
412
80
42
71
14
959
244
82
110
15
91
264
11

2,673
41
84
27
447
85
43
75
13
1,010
251
88
117
16
94
270
12

11,266
510
102
84
960
68
16
109
41
1,579
2,952
997
295
10
1,440
2,027
75

11,961
524
104
90
1,054
69
16
126
44
1,657
3,099
1,036
319
16
1,537
2,192
78

12,526
530
108
94
1,093
72
13
131
46
1,654
3,282
1,086
348
16
1,641
2,329
83

21,119
673
625
214
4,195
505
217
608
162
6,236
1,578
878
617
14
747
3,735
116

22,776
663
656
237
4,540
514
231
669
160
6,862
1,688
929
704
21
787
3,990
124

24,277
817
678
250
4,786
557
253
740
169
7,264
1,760
987
764
23
824
4,276
130

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

123,829
32,163
4,653
87,013

128,485
33,445
4,529
90,511

1,529
207
160
1,162

1,584
226
164
1,194

1,660
233
159
1,267

12,662
9,928
692
2,042

13,559
10,770
740
2,048

14,086
11,296
742
2,048

15,822
6,149
1,245
8,427

16,132
6,378
1,307
8,446

16,733
6,786
1,273
8,674

82
83
84
85

"a

a a q a

(

J2 9 August 1994

SURVEY OF CURRENT BUSINESS
Table 3. Personal Income by Major Source
[Millions
Item

Line

New York

New Jersey

1991

1992

1991

1993

1992

Great Lakes

Pennsylvania
1993

1991

1992

1993

1991

1992

Illinois
1993

1991

1992

n

1993

Income by Place of Residence
1 Total personal income (lines 6-11)
2
Nonfarm personal income
Farm income (line 17) 2
3
4
5

Population (thousands) 3
Per capita personal income (dollars) 4

192,341
192,097
244

204,091
203,846
245

210,622
210,331
291

413,726
413,014
712

437,119
436,352
766

450,754
450,076
678

234,648
234,008
639

247,115
246,154
960

255,921
254,954
967

795,567
792,298
3,269

846,619
841,540
5,079

885,296
880,872
4,424

237,658
236,979
679

252,938
251,410
1,529

263,591
262,422
1,168

7,773
24,744

7,820
26,098

7,879
26,732

18,047
22,925

18,109
24,138

18,197
24,771

11,949
19,638

1.1,995
20,601

12,048
21,241

42,392
18,767

42,719
19,818

43,017
20,580

11,525
20,622

11,613
21,781

11,697
22,534

129,161
9,354
9,723
129,531
37,347
25,464

137,124
9,827
10,905
138,203
36,746
29,143

142,583
10,031
11,096
143,647
37,425
29,550

299,458 319,597
24,282
22,938
-13,002 -14,641
263,518 280,673
74,044
77,101
73,107
82,401

328,543
25,077
-14,882
288,583
74,142
88,029

159,954
11,172
833
149,616
42,037
42,994

169,735
11,745
955
158,944
40,963
47,207

175,910
12,358
983
164,535
41,609
49,778

572,248
41,481
1,955
532,722
135,413
127,433

614,304
43,706
2,085
572,683
133,044
140,892

643,436
46,165
2,178
599,450
135,993
149,853

174,065
12,271

186,030
12,885

193,984
13,509

161,569
42,896
33,193

172,879
42,076
37,983

180,221
43,147
40,223

106,800
10,804
11,558
141
11,417

112,937
11,772
12,415
145
12,269

116,499
12,726
13,358
182
13,176

245,003
23,278
31,177
386
30,791

259,205
25,353
35,039
450
34,589

263,966
27,048
37,529
332
37,197

127,412
14,961
17,582
288
17,293

134,406
16,198
19,131
619
18,511

138,063
17,383
20,464
595
19,869

471,302
53,095
47,851
1,715
46,136

500,612
60,120
53,572
3,503
50,069

522,010
64,547
56,879
2,783
54,097

142,349
15,556
16,161
377
15,784

150,611
17,005
18,414
1,225
17,189

156,188
18,421
19,376
838
18,538

244
128,917
109,778
491
460
31
112
(D)
8
(D)
99
6,142

245
136,879
116,496
499
473
26
111
(D)
10
(D)
97
5,964

291
142,292
121,046
540
513
28
119
(D)
12
(D)
102
6,293

712
298,746
250,610
1,043
787
256
257
0
82
26
149
12,291

766
318,831
269,261
1,039
781
258
262

639
159,315
137,874
755
736
20
1,181
827
145
4
205
9,045

960
168,774
146,172
792
770
21
1,189
837
140
3
208
9,189

967
174,943
151,513
835
811
24
1,096
734
145
4
214
9,509

3,269
568,978
489,182
2,588
2,526
62
2,426
1,187
481
165
593
29,857

5,079
609,225
524,567
2,775
2,709
66
2,419
1,129
472
166
651
30,499

4,424
639,012
550,852
2,947
2,875
72
2,303
960
506
164
672
32,552

679
1,529
173,386 184,501
150,207 159,997
808
859
792
843
16
16
971
966
627
648
134
(D)
12
(D)
172
200
9,692
9,706

1,168
192,816
167,332
911
893
18
841
504

(D)
144
11,419

678
327,865
276,534
1,099
809
289
278
(D)
95
(D)
158
11,590

43,933
19,581
2,694
516
2,824
1,415
6,802
3,529
288
148
1,144
221
24,352
424
462
1,011
2,021
5,430
3,824
1,141
1,824
1,137
5,825
1,252

43,324
19,492
2,679
551
2,801
1,407
6,817
3,436
288
158
1,154
200
23,832
442
469
1,012
2,019
5,108
3,769
1,012
1,806
1,131
5,747
1,317

35,456
14,310
2,797
583
1,158
1,518
2,598
3,487
686
26
1,283
174
21,146
891
506
4,332
2,960
3,982
2,674
1,546
597
1,581
1,419
658

36,575
14,962
2,938
582
1,186
1,586
2,684
3,724
678
25
1,397
161
21,613
920
519
4,132
3,096
3,916
2,834
1,653
726
1,622
1,498
695

37,390
15,335
3,076
598
1,127
1,638
2,768
3,790
671
25
1,471
170
22,055
982
533
4,044
3,145
4,098
2,981
1,697
733
1,654
1,461
725

156,652
49,737
10,008
372
1,534
5,891
9,979
11,792
1,380
16
8,315
450
106,915
2,655
2,973
12,484
15,710
22,703
11,458
4,356
24,546
3,733
4,389
1,908

167,381
53,120
10,734
384
1,493
6,281
10,605
12,716
1,493
18
8,939
457
114,261
2,872
3,209
12,655
16,539
23,385
11,999
4,158
28,676
4,001
4,730
2,037

174,445
55,270
10,898
402
1,581
6,541
10,940
13,400
1,444
17
9,591
457
119,174
3,151
3,455
13,170
17,427
24,831
12,694
3,870
29,554
4,151
4,764
2,107

35,949
14,930
3,494
(D)
322
1,174
3,869
3,527
544
(D)
1,792
106
21,019
350
469
2,228
3,424
5,965
3,917
500
1,299
694
1,472
703

37,685
16,066
3,784
92
333
1,272
4,026
3,944
593
16
1,911
95
21,619
383
507
2,190
3,668
5,896
4,031
468
1,475
740
1,497
763

39,317
16,603
3,801
91
333
1,331
4,167
4,134
579
15
2,059
94
22,713
406
528
2,314
3,843
6,304
4,266
464
1,511
800
1,534
744

Derivation of Total Personal Income
6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85)
Less' Personal contributions for6 social insurance5
Plus' Adjustment for residence
Equals' Net earnings by place of residence
Plus' Dividends, interest and rent7
Plus' Transfer payments

12
13
14
15
16

Components of earnings:
Wages and salaries
Other labor income 8
Proprietors' income
Farm 8
Nonfarm

-225

-265

-254

Earnings by Place of Work

Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28

Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other9
Agricultural services
Forestry, fisheries, and other9
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals except fuels
Construction

8

8

188
10,123

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

Manufacturing
.
....
Nondurable goods
Food and kindred products
Textile mil! products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products .
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone clay and glass products
Instruments and related products
Miscellaneous manufacturing industries

23,665
14,278
1,810
408
687
923
2,217
6,473
654
(D)
1,002
P)
9,386
130
219
626
1,346
1,855
1,760
125
260
654
1,862
548

24,279
14,925
1,905
412
693
948
2,304
6,825
664
(D)
1,070
(D)
9,354
125
219
647
1,344
1,793
1,684
108
247
677
1,950
560

24,279
15,205
1,946
436
809
935
2,323
6,861
676
(D)
1,113
9,074
130
232
614
1,345
1,671
1,648
109
321
665
1,774
565

43,111
18,734
2,610
534
2,816
1,332
6,481
3,211
277
148
1,090
236
24,377
432
469
1,041
1,976
5,391
3,815
1,176
1,691
1,172
6,012
1,201

53
54
55
56
57
58
59

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communications
Electric gas and sanitary services ....'.

10,125
124
2,523
595
1,854
3,462
1,567

10,707
130
2,544
636
1,974
3,747
1,677

11,447
141
2,668
645
2,106
4,138
1,749

18,397
354
2,656
587
5,342
6,244
3,214

18,926
369
2,687
539
5,314
6,526
3,492

19,136
379
2,706
521
5,300
6,588
3,642

10,737
648
2,800
284
2,120
2,024
2,861

11,505
720
2,861
271
2,276
2,385
2,992

12,062
823
2,940
266
2,456
2,455
3,122

35,599
2,147
10,549
392
6,555
7,810
8,146

37,564
2,255
11,156
400
7,002
8,048
8,702

39,448
2,406
11,916
433
7,507
8,285
8,901

12,828
874
3,022
117
3,374
2,735
2,706

13,645
916
3,132
111
3,548
3,011
2,928

14,428
1,002
3,384
136
3,802
3,186
2,919

60
61
62
63
64

Wholesale trade
Retail trade
Finance insurance and real estate
Depository and nondepository credit institutions
Other finance insurance and real estate

11,206
11,481
9,575
2,432
7,143

12,248
11,854
10,828
2,640
8,188

12,397
12,190
11,542
2,780
8,762

18,821
22,052
43,555
12,411
31,144

19,692
22,616
54,049
13,554
40,495

19,744
22,945
56,671
13,505
43,166

9,633
15,697
10,601
3,368
7,232

10,211
16,435
11,824
3,659
8,165

10,320
17,003
12,291
3,766
8,525

38,817
53,188
35,897
11,660
24,237

40,978
56,181
40,690
12,943
27,747

42,026
58,673
42,941
13,740
29,201

14,136
15,423
14,845
4,373
10,472

14,746
16,210
16,854
4,853
12,001

14,779
16,866
17,665
5,222
12,444

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

Services
Hotels and other lodging places
.
Personal services
Private households
Business services .
Auto repair services and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services

36,982
2,440
935
237
7,541
909
444
928
245
11,063
2,520
1,142
795
12
843
6,677
—250

40,006
2,519
989
261
8,192
915
457
1,036
261
12,261
2,721
1,211
862
17
856
7,190
259

42,239
2,576
1,030
276
8,845
972
471
1,132
286
12,948
2,840
1,281
932
22
893
7,464
270

97,324
91,084
2,022
2,092
2,092
2,003
1,172
1,287
15,033 • 15,963
1,604
1,614
636
681
4,967
4,513
1,943
1,908
26,237
28,573
11,903
12,686
5,562
5,806
4,852
4,419
257
249
2,396
2,485
10,667
11,338
705
743

101,748
2,107
2,123
1,354
16,924
1,633
654
5,202
1,988
30,352
12,892
6,022
5,107
267
2,547
11,822
754

44,769
950
1,355
250
5,787
1,274
523
1,328
225
17,566
3,451
3,414
1,715
56
1,489
5,064
323

48,452
987
1,434
274
6,245
1,262
514
1,475
230
19,284
3,808
3,699
1,892
64
1,559
5,378
348

51,008
1,024
1,511
288
6,716
1,367
535
1,567
245
20,278
3,931
3,876
2,016
67
1,630
5,607
349

134,158
3,014
4,775
892
22,045
4,246
1,874
4,601
1,295
48,796
10,086
5,196
4,446
228
5,522
16,206
935

146,080
3,073
5,128
983
24,327
4,398
1,990
5,268
1,347
53,517
10,940
5,533
4,952
242
5,827
17,539
1,016

155,518
3,105
5,411
1,034
26,971
4,766
2,162
5,768
1,431
56,356
11,342
5,855
5,426
257
6,106
18,443
1,086

45,561
1,152
1,364
279
8,186
1,356
609
1,488
704
13,452
4,332
1,961
1,324
107
1,981
6,884
382

49,322
1,177
1,468
308
8,907
1,392
680
1,735
695
14,678
4,659
2,088
1,432
109
2,090
7,490
413

52,402
1,153
1,543
325
9,873
1,500
724
1,970
727
15,308
4,878
2,234
1,574
117
2,199
7,826
452

19,139
3,141
576
15,422

20,383
3,308
565
16,510

21,246
3,407
517
17,323

48,136
5,996
1,148
40,991

51,331
6,423
1,169
43,739

21,441
4,985
719
15,737

22,602
5,137
718
16,748

23,429
5,301
668
17,460

79,796
12,117
2,801
64,878

84,658
12,932
2,798
68,928

88,160
13,349
2,641
72,170

23,179
4,066
1,117
17,996

24,504
4,308
1,108
19,088

25,484
4,424
1,016
20,044

82
83
84
85

Government and government enterprises
Federal civilian
Military
State and local .

See footnotes at end of table.




....
....

(D)

49,569
6,344
1,159
42,066

SURVEY OF CURRENT BUSINESS

August 1994 * 73

and Earnings by Industry1,1991-93—Continued
of dollars]
Michigan

Indiana

1992

1992

96,851
96,684
167

104,022 109,465 175,244 185,665 194,687 196,927 208,560 217,693
103,367 108,694 174,561 184,954 193,891 196,130 207,392 216,599
711
1,094
771
797
1,167
655
683
795

1993

1991

1993

1991

1992

Plains

Wisconsin

Ohio

1991

1993

1991

Iowa
• 1992

1991

1992

88,888
87,944
944

95,434
94,417
1,017

99,860 322,012 343,309 354,656
99,265 313,149 332,884 348,387
596
8,863 10,425
6,269

47,714
46,128
1,586

50,953
48,972
1,981

1993 "

1992

1993

1991

Kansas
1993 "

1993 "

Line

1991

1992

51,564
51,179
385

45,476
44,297
1,179

48,341
46,857
1,484

50,295
48,830
1,465

2
3

1

5,607
17,275

5,658
18,384

5,713
19,161

11,091
19,627

4,947
17,970

4,993
19,115

5,038
19,822

18,054
19,645

2,790
17,102

2,803
18,178

2,814
18,324

2,491
18,259

2,515
19,219

2,531
19,874

4
5

70,046
4,378
1,404
67,072
15,274
14,505

75,602
4,628
1,494
72,468
15,145
16,408

73,980 124,466 133,971 140,706 141,267 151,019 157,672
9,249
9,763 10,384 11,239 11,782 12,385
4,936
484
1,536
512 -1,002 -1,048 -1,080
446
76,581 115,663 124,692 130,834 129,026 138,189 144,207
15,442 29,690 29,210 29,681 32,386 31,247 31,971
17,442 29,890 31,764 34,172 35,514 39,124 41,515

62,404
4,344
1,332
59,392
15,165
14,331

67,682
4,646
1,419
64,454
15,366
15,613

71,094 231,679 249,299 256,975
4,950 16,138 17,060 18,004
1,463 -2,435 -2,554 -2,650
67,607 213,106 229,685 236,321
15,751 58,379 58,818 59,712
16,502 50,527 54,807 58,623

32,878
2,255
296
30,919
8,961
7,835

35,504
2,381
328
33,451
9,007
8,495

35,667
2,524
339
33,482
9,069
9,013

31,255
2,239
945
29,961
8,534
6,980

33,849
2,359
964
32,454
8,214
7,672

35,228
2,466
1,030
33,792
8,301
8,202

6
7
8
9
10
11

57,742
6,750
5,555
-41
5,596

61,468
7,662
6,472
446
6,025

64,566 103,704 110,142 115,372 116,266 123,096 127,798
8,322 12,483 14,829 15,553 12,353 13,964 14,989
7,092
8,278
8,999
9,780 12,647 13,960 14,885
350
434
545
330
566
935
843
8,649
9,347 12,082 13,024 14,042
6,548
7,948

51,241
5,952
5,211
484
4,727

55,295
6,660
5,727
547
5,181

58,086 182,366 194,523 202,673
7,262 19,897 22,051 23,956
5,746 29,416 32,725 30,346
124
7,465
9,052
4,839
5,622 21,950 23,673 25,507

25,337
2,873
4,667
1,279
3,389

27,019
3,162
5,323
1,671
3,652

28,251
3,450
3,966
51
3,915

24,494
2,737
4,024
991
3,033

26,194
3,030
4,625
1,309
3,317

27,094
3,272
4,862
1,284
3,578

12
13
14
15
16

167
69,880
60,147
311
307
4
356
243
17
2
95
4,165

655
74,947
64,654
337
333
4
347
227
17
1
101
4,247

711
797
1,167
1,094
944
771
683
795
79,209 123,783 133,260 139,911 140,470 149,852 156,577 61,460
68,487 105,587 114,050 120,008 120,786 128,951 134,811 52,455
644
674
377
496
531
563
361
596
357
506
638
362
476
536
589
668
7
4
21
26
7
26
6
15
84
374
375
632
397
647
631
331
207
0
0
274
1
248
0
295
17
134
129
194
146
3
(DD)
(DD)
1
139
143
140
7
5
()
()
107
112
152
175
74
101
103
161
4,547
5,584
7,074
7,733
3,520
5,683
6,099
6,896

1,017
66,665
56,915
404
391
14
96
1
4
5
86
3,790

596
8,863 10,425
6,269
70,499 222,816 238,874 250,706
60,214 185,669 199,848 210,171
437
1,580
1,687
1,806
421
1,560
1,780
1,663
20
16
24
26
102
1,445
1,482
1,510
1
309
348
309
4
416
427
430
392
6
405
418
340
91
315
328
4,049 11,452 12,180 13,067

1,586
31,292
25,883
321
319
2
69
2
1
3
62
1,661

1,981
33,523
27,847
344
342
2
73
2
1
3
67
1,792

385
35,282
29,361
365
363
2
74
2
1
3
68
1,908

1,179
30,077
24,380
239
239
1
334
9
291
1
33
1,472

1,484
1,465
32,365 33,762
26,205 27,294
253
276
252
275
1
1
350
353
(D)
(D)
308
309
1
1
(D)
(D)
1,687
1,589

22,055
6,162
973
24
180
458
1,119
1,899
212
1
1,259
37
15,893
572
547
3,089
1,713
2,284
2,714
1,072
2,350
571
681
300

23,782
6,546
1,037
27
197
496
1,221
1,932
233
1
1,366
37
17,236
628
599
3,205
1,789
2,510
2,851
873
3,133
608
724
316

25,132
6,869
1,057
31
209
532
1,253
2,048
232
1
1,471
35
18,264
695
649
3,338
1,906
2,789
2,974
874
3,358
627
717
336

4,704
349
1,862
66
486
929
1,012

4,934
364
1,984
75
523
929
1,059

5,162
382
2,087
77
554
961
1,101

6,412
321
1,620
50
1,239
1,437
1,746

6,696
339
1,698
49
1,345
1,407
1,858

7,006
351
1,787
54
1,443
1,444
1,926

7,996
471
2,562
138
974
1,977
1,873

4,010
6,792
3,617
1,260
2,357

4,264
7,169
4,144
1,473
2,671

4,475
7,591
4,354
1,527
2,826

7,663
11,473
5,990
2,251
3,738

8,218
12,017
6,844
2,504
4,340

8,534
12,507
7,178
2,589
4,589

14,137
308
633
113
2,009
540
242
398
85
6,109
776
619
473
21
634
1,093
84

15,432
318
684
125
2,188
555
251
444
87
6,800
854
659
528
23
665
1,160
91

16,534
327
730
131
2,444
602
264
475
97
7,224
903
694
581
25
697
1,247
94

27,969
546
982
196
4,956
896
417
864
290
10,424
1,885
732
998
23
1,089
3,468
203

30,594
550
1,049
215
5,598
926
437
979
331
11,410
2,013
111
1,114
24
1,157
3,794
221

9,733
1,660
344
7,728

10,293
1,813
343
8,136

10,722
1,891
349
8,482

18,195
2,053
456
15,687

19,210
2,194
426
16,590

9,375
18,693

9,434
19,681

39,626 43,091
8,312
8,838
1,541
1,664
56
P)
544
628
884
818
1,382
1,479
2,248
2,418
121
111
0
(D)
1,440
1,578
104
89
31,314 34,253
420
446
1,282
1,226
1,658
1,769
4,348
4,600
4,992
5,175
1,086
1,158
629
608
15,458 17,611
667
700
615
676
214
229




9,478
20,542

10,940
18,001

11,021
18,923

17,788
18,103

17,920
19,158

17
18
19
20
21
22
23
24
25
26
27
28

44,723
14,630
2,249
127
298
1,477
2,497
4,123
490
0
3,292
77
30,093
698
464
4,907
4,749
6,138
2,753
1,692
5,545
1,644
1,032
470

18,073
7,116
1,964
93
138
2,098
1,323
513
17
0
827
143
10,957
744
337
702
1,854
3,748
1,215
229
820
278
762
268

19,390
7,581
2,068
96
145
2,202
1,452
550
18
0
904
146
11,809
796
389
746
1,908
3,941
1,269
247
1,083
309
835
286

20,209
7,886
2,120
93
146
2,272
1,517
594
21
0
967
154
12,324
870
424
813
1,991
4,081
1,347
268
1,080
335
805
309

45,874
19,224
6,544
84
645
2,525
4,381
2,616
335
0
1,762
333
26,650
1,318
758
1,167
3,557
6,836
2,999
3,780
2,093
1,049
2,447
647

48,706
20,486
6,976
89
717
2,688
4,647
2,733
365
0
1,955
316
28,220
1,433
863
1,194
3,479
7,121
3,282
3,984
2,451
1,089
2,634
690

50,337
21,320
7,255
88
754
2,759
4,829
2,842
374
1
2,110
308
29,018
1,545
923
1,262
3,517
7,732
3,360
3,704
2,424
1,141
2,644
766

7,364
2,991
1,416
10
89
169
596
264
11
0
419
17
4,373
196
173
310
544
1,596
486
62
261
173
428
144

7,778
3,192
1,514
13
108
195
617
284
9
0
432
19
4,586
227
187
328
440
1,635
619
69
312
183
424
162

8,170
3,340
1,585
16
113
206
629
299
9
0
462
19
4,830
239
211
337
463
1,766
641
71
327
186
426
165

5,929
2,210
757
6
77
145
538
279
132
0
273
3
3,719
75
37
86
307
617
261
1,721
275
191
108
39

6,265
2,345
783
7
85
155
569
293
141
0
307
4
3,920
85
36
88
285
613
280
1,873
312
199
107
41

6,391
2,490
860
4
89
156
607
297
138
0
331
5
3,902
93
38
97
295
693
293
1,728
298
207
115
46

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

8,390
495
2,733
145
1,066
1,960
1,992

8,727
507
2,931
144
1,161
1,940
2,045

3,659
133
1,482
21
483
733
809

3,899
142
1,609
21
520
742
866

4,125
164
1,728
22
548
753
911

18,327
2,179
5,141
134
3,266
4,461
3,147

19,095
2,279
5,389
119
3,542
4,409
3,356 •

19,778
2,418
5,661
106
3,481
4,664
3,448

2,030
216
797
1.1
132
423
451

2,123
220
840
12
143
430
478

2,260
242
907
13
153
456
490

2,580
388
717
1
290
635
548

2,727
424
736
1
343
653
568

2.818
423
760
.1
339
711
584

53
54
55
56
57
58
59

9,180
13,434
7,856
2,680
5,176

9,615
14,334
8,697
2,878
5,819

9,926
14,929
9,270
3,061
6,209

3,828
6,066
3,589
1,096
2,493

4,135
6,452
4,151
1,235
2,916

4,312
6,781
4,474
1,341
3,133

16,959
22,664
14,863
4,804
10,058

18,294
24,112
16,719
5,242
11,477

18,608
25,528
17,890
5,682
12,208

2,269
3,388
2,088
726
1,362

2,475
3,597
2,313
111
1,536

2,515
3,755
2,465
826
1,639

2,205
3,153
1,727
585
1,142

2,358
3,347
1,939
626
1,313

2,387
3,513
2,032
667
1,365

60
61
62
63
64

32,661
563
1,108
226
6,268
1,005
473
1,056
356
12,074
2,044
824
1,207
24
1,206
3,988
238

33,232
666
1,250
213
4,987
1,017
428
1,392
164
13,319
2,311
1,313
1,061
66
1,220
3,642
181

36,134
667
1,345
235
5,505
1,075
430
1,599
173
14,586
2,534
1,394
1,205
71
1,277
3,843
195

38,197
679
1,417
247
6,034
1,166
489
1,693
185
15,282
2,610
1,445
1,298
73
1,331
4,041
208

13,259
342
545
91
1,906
436
179
459
53
5,492
782
571
590
11
597
1,119
85

14,599
360
582
100
2,129
449
191
512
60
6,043
880
616
672
16
638
1,253
96

15,723
382
613
106
2,352
493
212
575
67
6,468
907
658
767
17
672
1,341
94

52,505
1,427
2,153
405
7,940
1,867
837
1,729
403
20,115
3,529
2,387
2,023
69
2,228
4,938
453

57,573
1,500
2,308
447
9,012
1,931
879
2,004
420
22,103
3,874
2,522
2,223
73
2,334
5,448
495

61,647
1,573
2,443
470
10,076
2,145
948
2,243
447
23,359
4,069
2,699
2,418
77
2,446
5,703
530

6,693
163
297
68
872
262
134
178
45
2,758
421
368
298
5
274
490
61

7,351
178
326
75
1,020
270
148
196
47
3,012
466
388
331
5
285
539
66

7,848
178
341
78
1,177
304
162
221
45
3,159
488
410
348
5
299
561
72

6,741
139
294
56
1,111
243
190
149
30
2,625
359
173
207
3
273
834
56

7,377
139
316
62
1,224
253
189
163
30
2,879
394
185
237
4
287
956
60

7,837
143
338
65
1,356
287
197
173
33
3,016
403
194
261
4
303
1,000
65

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

19,902
2,271
386
17,246

19,684
3,343
700
15,641

20,901
3,538
725
16,637

21,766
3,627
687
17,452

9,005
995
184
7,825

9,750
1,078
196
8,476

10,285
1,136
202
8,947

37,147
6,681
2,534
27,932

39,026
6,973
2,664
29,388

40,535
7,229
2,560
30,745

5,409
704
114
4,590

5,676
751
121
4,804

5,922
776
125
5,020

5,696
981
670
4,045

6,160
1,056
810
4,294

6,468
1,135
794
4,539

82
83
84
85

45,064
9,283
1,670
60
595
929
1,506
2,500
122
0
1,804
97
35,781
482
1,390
1,798
4,938
5,518
1,354
572
18,060
746
675
248

40,949 43,433
13,217 14,090
2,182
2,037
113
(D)
275
266
1,428
1,343
2,427
2,287
3,604
3,872
538
486
0
(D)
2,997
3,180
75
75
27,732 29,343
570
618
432
395
4,807
4,745
4,371
4,574
5,864
5,715
2,526
2,689
1,962
1,925
4,619
5,375
1,524
1,644
997
858
424
443

SURVEY OF CURRENT BUSINESS

74 • August 1994

Table 3.—Personal Income by Major Source
[Millions
Missouri

Minnesota
Line

North Dakota

Nebraska

South Dakota

Item

1991

1992

85,368
84,038
1,330

91,654
90,200
1,454

4,426
19,289

1993n

1991

1992

1993 "

1991

1992

94,942
94,725
217

93,358
92,805
552

98,441
97,554
887

102,369
101,853
516

28,700
26,371
2,329

30,775
28,401
2,373

31,754
29,735
2,019

9,877
9,252
625

10,859
9,852
1,007

4,468
20,513

4,517
21,017

5,156
18,105

5,191
18,965

5,234
19,559

1,590
18,047

1,601
19,228

1,607
19,757

633
15,594

64,378
4,794

69,753
5,125

71,974
5,415

59,118
14,069
12,180

64,135
14,233
13,286

66,059
14,718
14,165

73,836
4,796
-2,779
66,261
18,083
18,025

23,379
1,643

-501

71,017
4,564
-2,657
63,797
17,923
16,722

22,680
1,553

-493

66,740
4,353
-2,583
59,805
17,886
15,668

21,354
1,473

-466

52,454
5,621
6,304
973
5,330

56,584
6,264
6,905
1,090
5,815

58,987
6,827
6,161
6,309

53,932
5,961
6,848
379
6,469

56,859
6,582
7,576
712
6,864

1,330
63,048
53,675
326
314
12
349
0
9
281
59
3,281

1,454
68,299
58,415
350
333
17
358
0
13
281
64
3,454

217
71,758
61,532
372
354
18
352
0
15
271
66
3,638

552
66,188
56,383
347
344
3
231
84
5
43
99
3,389

887
70,130
59,980
371
368
3
232
(D)
6

3,573

3,865

14,543
6,055
1,657
53
60
1,711
1,521
467
105
0
428
54
8,489
655
151
258
1,280
3,045
954
172
193
252
1,312
217

15,574
6,561
1,807
49
71
1,792
1,633
535
120
0
494
60
9,012
706
172
260
1,254
3,165
1,034
213
273
268
1,445
222

16,140
6,750
1,792
46
76
1,839
1,705
562
129
0
539
63
9,390
769
183
269
1,246
3,384
1,061
207
262
293
1,446
269

13,973
6,034
1,630
9
345
433
1,371
1,494
68
0
437
247
7,939
274
302
425
1,196
981
911
1,742
1,213
319
410
164

14,667
6,302
1,704

14,927
6,555
1,794

3$
470
1,453
1,487
73
(D)
498
220
8,364
293
355
426
1,238
1,042
940
1,742
1,381
322
450
176

402
478
1,501
1,548
75

1993 »

1993 "

1993 "

1991

1992

10,872
10,340
532

11,520
10,259
1,262

12,286
11,049
1,238

12,860
11,725
1,135

634
17,127

635
17,123

702
16,419

708
17,344

715
17,977

6,919
508

7,765
523

7,695
559

-192

-213

-229

8,730
555
-72
8,103
2,124
2,059

9,196
599
-80
8,516
2,170
2,174

1991

1992

Income by Place of Residence
1 Total personal income (lines 6-11)
2
Nonfarm personal income
Farm income (line 17) 2
3
4
5

.

Population (thousands) 3
Per capita personal income (dollars)4
Derivation of Total Personal Income

6
1
8
9
10
11

Earnings by place of work (line 12-16 or 17-85)s
Less* Personal contributions for social insurance
Plus' Adjustment
for residence6
Equsls1 Net earnings by place of residence
Plus' Dividends interest and rent7
Plus' Transfer payments

12
13
14
15
16

Components of Earnings:
Wages and salaries
Other labor income
Proprietors' income8
Farm 8
Nonfarm

-377

-410

-431

19,505
5,039
4,156

20,716
5,504
4,555

21,305
5,546
4,903

6,219
1,816
1,842

7,029
1,812
2,018

6,907
1,825
2,140

8,154
517
-58
7,579
2,074
1,867

59,076
7,098
7,662
327
7,334

15,604
1,631
4,120
2,113
2,007

16,547
1,804
4,329
2,171
2,158

17,263
1,971
4,144
1,809
2,335

5,199
491
1,229
548
682

5,539
551
1,676
935
740

5,831
607
1,257
457
800

5,346
584
2,224
1,183
1,041

5,781
659
2,291
1,164
1,127

6,171
731
2,294
1,059
1,235

516
73,320
62,799
395
392
3
251
P)

2,329
19,025
15,140
191
190
1
199
153
15
1
29
923

2,373
20,307
16,291
202
202
0
194
P)
13

2,019
21,360
17,245
217
216
1
207
P)
13
2
P)
1,094

625
6,294
4,788
60
59
1
163
60
90
1
12
335

1,007
6,758
5,169
63
63
1
164
65
83
1
16
361

532
7,163
5,520
69
68
1
171
72
82
1
17
403

1,262
6,893
5,419
95
95
1
100
0
4
75
22
393

1,238
7,493
5,940
104
103
1
112
0
3

1,135
8,060
6,420
113
112
1
101
0
3

432

8

472

2,981
1,508
842

3,128
1,584
883

543
238
130

3

P)
53
5
17
0
12
0
273
10
19
2
23
103
39
19
28
17
3
10

B
P)

1,038
362
210
0

65
266
121
4
P)
191
13
1,544
50
98
78
216
399
284
69
108
74
142
25

55
5
17
0
14
0
305
12
19
2
29
121
43
18
30
18
3
10

836
336
191
0
32
11
56
7
0
0
38
0
500
61
5
18
40
137
67
4
32
28
60
49

946
355
207
0

259
120
4
P)
171
14
1,473
43
87
71
199
375
299
62
102
74
137
24

457
208
112
3
9
2
51
4
16
0
12
0
249
9
16
2
26
97
29
19
22
16
4
9

495
222
118

209
8,371
309
366
456
1,224
1,131
958
1,606
1,352
337
441
191

2,771
1,389
781
3
32
54
248
101
4
0
155
12
1,382
47
74
68
163
363
290
60
97
69
125
25

62
9
0
0
41
0
591
69
6
20
41
188
71
5
42
26
67
56

65
9
0
0
40
0
675
73
7
23
43
239
81
5
48
27
71
59

Earnings by Place of Work

.

.

.

-148

Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28

Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other9
Agricultural services
Forestry, fisheries, and other9
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
.

8

i

&

8

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

Manufacturing
Nondurable goods
Food and kindred products ..
Textile mill products
Apparel and other textile products
Paper and allied products ...
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products ..
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment .
Stone, clay and glass products
Instruments and related products
Miscellaneous manufacturing industries

53
54
55
56
57
58
59

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communications
Electric, gas, and sanitary services

4,474
371
1,011
40
1,490
798
764

4,740
379
1,033
39
1,635
811
843

4,819
417
1,093
37
1,592
843
837

6,347
503
1,621
79
1,168
2,013
963

6,417
529
1,702
65
1,197
1,905
1,018

6,611
556
1,752
52
1,159
2,025
1,066

1,779
585
601
2
94
381
116

1,897
604
659
2
119
386
128

1,999
637
704
1
126
395
137

631
97
163
0
49
110
212

668
103
173
0
56
114
221

712
119
185
0
61
117
230

487
18
231
0
43
101
93

523
20
246
0
48
110
99

558
24
260
0
52
118
104

60
61
62
63
64

Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate

4,981
6,053
4,472
1,239
3,233

5,396
6,497
5,183
1,402
3,781

5,580
6,942
5,670
1,583
4,087

4,963
6,496
4,444
1,445
2,998

5,340
6,897
4,892
1,566
3,326

5,354
7,292
5,193
1,682
3,511

1,500
1,953
1,378
420
958

1,611
2,039
1,548
462
1,087

1,629
2,160
1,633
487
1,146

553
722
321
149
172

590
775
369
162
207

606
829
394
174
220

489
899
434
239
194

523
961
475
248
227

537
1,037
504
263
240

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair services and parking .
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums botanical zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services

15,196
423
595
91
2,487
502
186
574
106
5,399
1,140
618
786
32
620
1,494
145

16,864
447
625
100
2,921
527
193
716
117
5,979
1,269
644
846
33
649
1,638
160

18,019
459
659
106
3,253
563
209
808
136
6,369
1,339
677
910
35
675
1,650
172

16,194
471
643
124
2,262
579
206
597
191
6,145
1,204
934
435
21
721
1,523
137

17,592
495
692
137
2,512
595
217
642
194
6,743
1,306
992
482
21
754
1,660
148

18,912
537
732
144
2,790
670
246
709
199
7,136
1,375
1,083
542
22
785
1,785
158

4,448
90
187
39
909
165
75
143
16
1,615
264
190
151
6
171
402
26

4,840
95
199
42
1,002
167
79
175
16
1,763
286
203
165

5,178
97
211
45
1,122
186
80
189
18
1,853
300
215
177

1,546
56
69
14
134
51
20
26
6
795
66
38
li

1,683
59
76
15
147
53
25
29
6
863
70
42
82

181
467
30

77
105
14

&
115
15

1,686
85
69
14
166
65
26
62
9
778
75
66
72
t
93
89
14

1,865
88
75
15
185
66
27
82
c
864
83
69
81

174
440
28

1,792
59
81
16
171
60
24
37
7
899
73
47
8£
t
91
122
16

102
101
16

2,060
101
81
16
208
75
30
107
9
927
92
73
91
2
112
118
18

9,373
1,272
191
7,910

9,883
1,367
198
8,319

10,225
1,390
186
8,648

9,805
2,497
562
6,746

10,149
2,507
598
7,044

10,521
2,577
567
7,377

3,885
566
478
2,841

4,015
587
441
2,987

4,115
619
381
3,115

1,506
298
304
904

1,589
319
301
969

1,643
328
307
1,008

1,474
363
215
896

1,553
386
195
972

1,641
404
199
1,037

82
83
84
85

Government and government enterprises
Federal civilian
Military
State and local

See footnotes at end of table.




...

fi

8

8

a

SURVEY OF CURRENT BUSINESS

Augusti994 • 75

and Earnings by Industry1,1991-93—Continued
of dollars]
Southeast
1991

1992

Alabama
1993

1,028,204 1,092,607 1,155,025
1,015,141 1,078,903 1,142,465
13,704
13,063
12,560

Florida

Arkansas

199210

Louisiana

Kentucky

Georgia
199311

199210

Line

1991

1992

1993

1991

38,776 254,880 265,418 283,297 116,891 125,116 132,832
37,521 251,920 262,826 280,748 115,319 123,437 131,246
1,255
2,592
1,572
2,961
2,549
1,679
1,586

57,365
56,308
1,058

61,698
60,428
1,269

64,237
63,099
1,138

63,944
63,488
456

67,831
67,226
605

71,252
70,814
438

2
'3

1991

1992

1993

1991

1992

1993

63,808
62,547
1,261

68,254
67,155
1,099

71,620
70,517
1,103

34,276
33,207
1,069

37,312
35,804
1,509

1991

1993

1991

1992

1993

1

60,262
17,062

61,104
17,881

61,932
18,650

4,090
15,601

4,138
16,496

4,187
17,106

2,371
14,458

2,394
15,584

2,424
15,994

13,679
20,710

6,628
17,636

6,773
18,472

6,917
19,203

3,715
15,442

3,754
16,436

3,789
16,954

4,244
15,067

4,279
15,852

4,295
16,588

4
5

712,809
45,203
5,425
673,032
180,670
174,502

764,816
48,008
5,588
722,397
175,694
194,516

807,725
51,118
5,743
762,349
184,154
208,522

45,680
3,001
527
43,206
8,765
11,837

48,807
3,178
564
46,193
8,823
13,238

51,292
3,358
602
48,537
9,013
14,071

24,125
1,973
-217
21,936
5,196
7,145

26,618
2,123
-254
24,241
5,122
7,949

27,655 154,479 164,275 174,517
2,246
9,078
9,656 10,364
-262
603
657
643
25,146 146,004 155,262 164,811
5,179 65,261 61,249 66,266
8,450 43,616 48,907 52,220

88,215
-117
82,739
17,531
16,621

95,056 101,250
5,727
6,134
-135
-153
94,962
89,193
17,508 18,083
18,415 19,786

39,954
2,551
-2
37,401
8,962
11,002

43,575
2,737
-126
40,713
8,878
12,107

45,548
2,904
-117
42,527
9,031
12,680

45,544
3,341
-118
42,085
9,469
12,391

48,125
3,470
-104
44,551
9,224
14,056

49,977
3,631
-93
46,253
9,519
15,480

6
7
8
9
10
11

577,650
61,345
73,814
10,491
63,324

617,064
68,105
79,647
11,246
68,401

648,737
74,637
84,350
9,806
74,544

36,618
4,113
4,949
1,133
3,816

39,149
4,558
5,099
979
4,121

40,887
4,963
5,442
963
4,479

18,662
2,163
3,301
818
2,482

20,229
2,414
3,976
1,270
2,705

21,103 125,579 133,472 141,037
2,644 12,448 13,681 15,077
3,908 16,452 17,122 18,403
987
1,894
2,226
1,732
2,921 14,225 15,229 16,671

71,687
7,738
8,790
1,363
7,427

76,971
8,632
9,453
1,481
7,972

81,655
9,540
10,055
1,357
8,698

31,808
3,787
4,359
880
3,479

34,436
4,257
4,881
1,096
3,785

35,879
4,610
5,059
954
4,105

36,394
4,093
5,056
295
4,762

38,126
4,439
5,561
451
5,109

39,351
4,799
5,827
264
5,563

12
13
14
15
16

13,063
699,746
566,144
4,714
4,190
524
8,287
3,981
2,939
105
1,262
39,882

13,704
751,112
610,210
4,922
4,444
479
8,025
3,900
2,777
102
1,246
40,593

12,560
795,164
648,160
5,308
4,778
530
7,759
3,516
2,828
102
1,312
44,217

1,261
1,099
44,419 47,707
35,239 38,024
291
270
217
236
55
53
588
557
410
382
74
(D)
4
P)
91
97
2,494
2,489

1,103
50,189
40,135
319
261
58
558
375
77
4
102
2,621

1,069
23,056
19,052
197
180
17
133
P)
P)
(D\
34
1,182

1,509
25,110
20,843
219
201
18
131
4
88
5
34
1,275

2,592
2,549
1,255
2,961
26,400 151,518 161,684 171,969
21,997 124,770 134,010 142,874
232
1,690
1,766
1,896
212
1,564
1,662
1,785
104
111
20
126
134
309
316
303
0
4
0
P)
87
39
44
60
5
16
16
P)
37
247
239
243
9,977
1,357
9,026
9,030

1,572
86,642
71,216
447
391
56
282
0
4
3
275
4,343

1,679
93,377
77,332
469
412
57
304
0
4
3
297
4,351

1,586
99,664
82,842
518
453
65
315
0
5
3
308
4,775

1,058
38,897
31,694
246
244
2
1,437
1,317
49
1
70
2,067

1,269
42,306
34,437
251
248
2
1,419
1,293
51
1
74
2,291

1,138
44,410
36,396
263
261
2
1,368
1,233
54
1
79
2,479

456
45,088
36,751
260
167
94
2,485
43
2,337
15
90
3,001

605
47,520
38,672
254
178
76
2,324
43
2,166
18
97
3,136

438
49,540
40,376
273
186
87
2,383
47
2,214
21
101
3,189

17
18
19
20
21
22
23
24
25
26
27
28

132,909
67,203
10,367
11,799
6,670
7,575
7,950
12,681
1,390
2,343
6,013
414
65,706
6,131
4,277
5,314
7,325
11,235
10,692
7,373
4,678
3,976
3,220
1,484

142,549
72,198
10,905
12,750
7,176
8,162
8,296
13,705
1,528
2,426
6,827
423
70,351
6,627
4,657
5,625
7,678
11,763
11,443
7,598
5,866
4,130
3,383
1,581

148,158
74,307
11,513
13,170
7,084
8,447
8,665
13,932
1,583
2,286
7,210
418
73,851
7,428
5,020
5,803
7,996
12,346
11,976
7,322
6,365
4,411
3,500
1,685

10,532
4,954
723
850
807
1,004
352
540
58
9
609
1
5,578
707
209
967
650
881
634
685
366
236
104
140

11,288
5,357
771
977
839
1,051
367
589
68
10
686
0
5,931
794
236
1,033
678
891
696
669
440
246
110
138

11,682
5,516
812
1,052
823
1,077
394
602
72
10
675
-1
6,166
900
264
1,032
678
944
750
636
462
255
108
136

5,796
2,775
1,081
76
157
530
278
210
38
0
333
71
3,021
534
205
291
440
454
462
152
149
122
141
72

6,200
2,961
1,153
86
182
555
270
220
45
0
373
76
3,240
566
222
310
458
490
492
154
186
135
147
79

6,564
3,108
1,230
70
184
596
280
229
45
0
396
78
3,455
621
229
349
476
527
522
150
202
142
153
84

15,789
5,966
1,383
99
540
523
1,862
920
59
31
511
38
9,823
477
276
180
883
1,582
2,134
2,154
172
589
1,165
211

16,519
6,278
1,412
100
578
581
1,934
986
63
32
552
39
10,241
489
286
181
863
1,605
2,339
2,191
221
589
1,260
216

16,837
6,424
1,472
100
584
595
2,003
957
70
35
572
36
10,413
548
314
185
910
1,583
2,454
2,020
235
645
1,270
250

15,713
9,066
1,791
2,461
923
1,296
1,147
743
37
174
466
27
6,647
793
207
610
553
846
1,018
1,041
542
552
324
161

16,905
9,730
1,883
2,635
1,000
1,406
1,193
802
41
203
539
28
7,175
868
214
615
600
912
1,106
1,205
573
565
351
166

17,644
10,186
2,064
2,776
980
1,439
1,260
847
41
184
570
25
7,457
975
243
617
641
980
1,125
1,140
588
590
382
176

8,759
3,745
637
182
450
309
551
657
201
262
467
27
5,015
274
87
694
554
1,026
895
92
871
298
102
121

9,531
4,078
679
205
524
353
561
694
238
270
526
28
5,453
296
99
735
603
1,034
957
115
1,058
326
109
123

9,982
4,182
701
201
532
379
589
720
210
260
561
31
5,800
333
112
762
637
1,092
990
119
1,176
344
107
127

6,839
4,205
504
74
154
529
249
1,852
749
0
93
0
2,634
385
15
94
483
419
237
652
143
135
29
44

7,175
4,495
533
94
163
553
250
1,983
804
0
115
0
2,679
419
16
96
479
424
228
616
157
150
41
52

7,352
4,625
522
96
168
549
257
2,053
848
0
132
0
2,727
462
18
100
446
445
225
607
164
168
43
50

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

50,689
2,997
12,671
2,075
10,123
12,840
9,983

54,022
3,133
13,670
2,011
10,888
13,605
10,716

57,059
3,119
14,709
2,013
11,665
14,512
11,041

3,121
217
869

844

3,226
224
930
P)
P)
936
874

3,431
223
1,009
P)
P)
980
936

2,016
234
834
9
106
355
478

2,167
254
885
9
117
349
553

2,251
269
935
12
130
381
524

10,016
368
1,887
548
2,617
2,796
1,800

10,698
401
1,998
583
2,694
3,078
1,944

11,465
407
2,156
593
3,010
3,332
1,967

7,947
404
1,686
73
2,162
2,459
1,164

8,806
423
1,931
69
2,433
2,694
1,256

9,372
420
2,099
70
2,539
2,962
1,282

2,932
283
994
97
472
467
620

3,139
281
1,091
97
531
481
659

3,278
255
1,167
90
588
503
675

3,828
192
708
789
525
655
960

3,918
212
727
744
558
657
1,020

4,032
227
787
748
579
693
998

53
54
55
56
57
58
59

44,294
74,095
41,190
14,500
26,690

47,383
78,940
45,573
15,708
29,865

49,267
84,011
48,733
17,068
31,665

2,518
4,296
2,090
808
1,282

2,718
4,589
2,356
90V
1,455

2,849
4,915
2,496
978
1,518

1,262
2,685
1,052
395
657

1,372
2,963
1,181
424
757

1,455
3,102
1,281
451
829

9,778
18,579
11,992
3,754
8,238

10,602
19,677
13,315
4,000
9,315

11,044
20,907
14,143
4,241
9,902

8,006
8,374
6,045
1,879
4,166

8,574
8,915
6,598
2,041
4,557

8,985
9,686
6,967
2,228
4,739

2,080
4,137
1,785
728
1,058

2,238
4,428
2,000
793
1,207

2,293
4,737
2,199
847
1,353

2,602
4,320
2,257
821
1,437

2,722
4,577
2,390
852
1,537

2,775
4,792
2,525
914
1,610

60
61
62
63
64

170,083
6,952
6,387
2,089
27,612
5,320
2,672
6,500
1,202
60,524
12,277
5,963
4,357
178
6,337
20,827
886

188,203
7,255
6,846
2,319
31,120
5,548
2,839
7,503
1,264
67,306
13,627
6,339
4,903
208
6,652
23,474
1,000

203,648
7,619
7,293
2,458
35,703
6,129
3,137
8,362
1,401
72,318
14,313
6,283
5,428
222
6,980
24,939
1,061

9,335
216
371
129
1,206
324
177
179
69
3,644
706
256
211
2
408
1,389
48

10,505
227
400
142
1,401
338
199
201
71
4,070
809
262
237
3
425
1,666
53

11,263
232
423
150
1,566
375
215
213
77
4,365
856
271
259
3
445
1,757
56

4,729
138
220
55
635
200
83
110
29
2,184
266
111
178
1
191
301
28

5,336
144
240
60
733
204
91
122
30
2,460
291
116
205
1
199
406
32

5,623
148
254
64
822
226
100
128
32
2,595
310
121
222
1
206
360
34

47,591
2,610
1,564
578
7,529
1,437
681
2,858
282
16,859
3,718
1,209
1,272
41
1,552
5,237
163

52,087
2,734
1,671
642
8,499
1,504
703
3,229
304
18,466
4,071
1,262
1,426
45
1,631
5,718
184

56,301
2,954
1,795
682
9,975
1,648
785
3,407
357
19,611
4,192
1,326
1,563
49
1,707
6,062
188

20,060
865
715
245
3,920
667
294
529
308
6,323
1,614
780
388
14
730
2,495
173

22,411
912
775
274
4,457
697
309
663
333
7,322
1,772
835
434
16
765
2,661
186

24,579
915
826
293
5,137
781
339
743
364
7,959
1,881
923
491
18
803
2,908
199

8,250
218
374
94
1,028
291
116
203
43
3,879
541
262
222
7
321
613
37

9,140
229
402
104
1,174
304
124
216
46
4,325
617
277
249
8
336
689
42

9,796
241
426
110
1,347
341
135
234
51
4,560
656
292
271
8
351
727
46

11,158
382
339
164
1,608
286
202
267
46
4,288
1,304
472
240
6
366
1,132
57

12,176 • 13,055
399
402
364
388
190
181
1,655
1,803
326
299
210
236
313
365
50
60
4,770
5,160
1,435
1,490
495
526
273
298
17
16
384
401
1,251
1,303
82
89

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

133,602
28,124
17,842
87,637

140,902
29,851
19,669
91,382

147,005
31,103
18,925
96,977

9,181
2,370
850
5,961

9,683
2,499
915
6,269

10,054
2,520
916
6,619

4,004
753
348
2,903

4,267
802
317
3,148

4,403
824
265
3,314

26,748
4,458
3,092
19,197

27,674
4,812*
3,212
19,649

29,095
5,010
2,946
21,138

15,427
3,512
1,752
10,163

16,045
3,678
2,080
10,286

16,822
3,859
2,046
10,917

7,203
1,405
870
4,927

7,869
1,472
1,101
5,296

8,013
1,496
1,059
5,459

8,337
1,306
924
6,107

9,163
1,424
814
6,925

82
83
84
85




13,273
19,203

13,483
19,686

C OCQ

0,00*7

8,848
1,387
925
6,536

SURVEY OF CURRENT BUSINESS

August 1994

Table 3.—Personal Income by Major Source
[Millions
Mississippi

Item

Line

North Carolina

1991

1992

1993

1991

1992

South Carolina
1993

"

1991

1992

Virginia

Tennessee

1993

»

1991

1992

1993

1991

1992

1993

u

Income by Place of Residence
1
2
3

Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17)2

34,243
33,702
541

36,744
35,952
792

38,869
38,383
485

113,445
110,869
2,576

121,880
119,456
2,424

129,790
127,207
2,583

55,077
54,677
401

58,262
57,893
368

61,236
60,903
332

81,659
81,201
459

88,553
87,892
661

93,894
93,373
521

126,229
125,583
646

133,452
132,831
622

139,831
139,353
478

4
5

Population (thousands)3
Per capita personal income (dollars) 4

2,592
13,210

2,615
14,050

2,643
14,708

6,749
16,810

6,836
17,828

6,945
18,688

3,561
15,469

3,603
16,171

3,643
16,810

4,952
16,489

5,025
17,622

5,099
18,415.

6,288
20,074

6,394
20,870

6,491
21,544

23,066
1,490
745
22,320
4,514
7,409

24,960
1,577
765
24,148
4,379
8,217

26,503
1,705
789
25,587
4,508
8,774

85,201
5,275

92,372
5,656

98,279
6,059

-676

-629

-728

79,442
16,626
17,378

86,186
16,555
19,140

91,639
17,179
20,972

44,444
2,887
587
42,144
7,854
11,238

71,064
4,692

-581

42,308
2,721
545
40,133
7,628
10,501

66,695
4,376

-530

40,087
2,602
506
37,991
7,643
9,444

61,118
4,065

-484

56,377
11,312
13,971

61,690
11,228
15,636

65,645
11,559
16,690

88,474
5,325
4,606
87,754
21,365
17,109

94,100
5,597
4,804
93,307
21,097
19,048

98,620
5,900
4,994
97,715
21,886
20,231

18,244
2,097
2,724
360
2,364

19,455
2,333
3,171
621
2,550

20,816
2,587
3,100
293
2,808

68,803
7,255
9,143
2,257
6,886

74,547
8,150
9,675
2,117
7,558

78,752
9,003
10,524
2,259
8,265

33,156
3,450
3,482
308
3,174

34,858
3,805
3,645
281
3,364

36,390
4,172
3,882
231
3,650

48,642
5,461
7,015
327
6,687

52,665
6,212
7,818
534
7,284

55,890
6,828
8,346
386
7,960

74,489
7,101
6,884
483
6,401

78,833
7,835
7,433
465
6,967

82,247
8,538
7,835
313
7,522

541
22,525
17,741
173
128
44
178
0
162
0
16
1,073

792
24,167
19,152
183
141
42
179
0
162
0
17
1,144

485
26,018
20,728
195
147
48
187
0
168
0
18
1,320

2,576
82,625
67,901
478
426
53
182
0
4
2
175
4,640

2,424
89,947
73,732
492
445
47
124
0
4
2
119
4,799

2,583
95,696
78,682
534
482
52
132
0
4
2
127
5,313

401
39,687
31,229
219
178
41
60
1
1
11
47
2,745

368
41,940
33,156
230
185
46
61
0
2
13
46
2,600

332
44,112
35,137
246
196
50
67
0
2
12
53
2,778

459
60,660
51,447
260
257
3
195
52
12
33
98
3,159

661
66,034
56,509
276
274
2
195
45
14
35
102
3,365

521
70,543
60,421
298
294
4
200
40
15
34
110
3,721

646
87,829
65,367
416
381
35
650
534
23
2
90
5,254

622
93,478
69,787
429
400
29
665
545
24
2
93
5,164

478
98,142
73,539
466
434
31
642
512
25
2
103
5,614

14,641
6,987
1,111
443
923
797
967
1,685
34
42
848
137
7,655
446
551
568
1,341
1,112
1,000
406
1,164
426
339
301

16,150
7,588
1,189
484
994
872
1,051
1,764
33
52
1,003
145
8,562
475
635
603
1,403
1,187
1,110
400
1,582
474
351
341

17,061
7,820
1,243
505
1,005
903
1,089
1,779
36
51
1,071
138
9,241
542
695
632
1,504
1,291
1,195
394
1,737
532
358
362

12,821
6,379
911
797
398
661
1,088
1,218
31
718
534
22
6,442
593
407
433
608
718
1,335
1,263
325
373
299
88

13,439
6,755
976
863
429
704
1,148
1,256
33
728
598
19
6,684
637
443
457
615
796
1,336
1,274
420
350
270
88

13,663
6,7.51
1,022
890
392
710
1,198
1,154
37
669
659
21
6,912
707
470
464
629
844
1,314
1,254
462
362
310
96

5,844
447
1,094
187
1,115
2,026
975

6,187
463
1,165
178
1,207
2,119
1,055

6,420
467
1,224
170
1,303
2,133
1,123

Derivation of Total Personal Income
6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85) 5
L&SS' Personal contributions for6 social insurance
Plus' Adjustment for residence
Equsls' Net earnings by place of residence
Plus: Dividends, interest, and rent7
Plus' Transfer payments
. ..

12
13
14
15
16

Components of earnings
Wages and salaries
Other labor income 8
Proprietors' income
Farm 8
Nonfarm

Earnings by Place of Work

. . . .

Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28

Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other9
Agricultural services
Forestry fisheries and other9
..
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals except fuels
Construction

...

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries

5,897
2,387
561
128
497
344
168
277
120
0
286
6
3,510
600
545
120
343
381
533
591
110
140
65
83

6,351
2,575
589
150
515
364
179
296
137
0
339
6
3,775
647
597
119
360
419
562
639
134
145
64
90

6,694
2,676
614
147
512
378
188
311
150
0
370
5
4,018
729
647
124
367
436
607
672
138
149
63
85

22,669
12,707
1,221
4,463
1,191
840
847
1,952
25
1,096
1,010
62
9,962
801
1,667
412
823
2,487
1,763
149
638
609
449
162

24,616
13,829
1,254
4,828
1,281
908
889
2,300
25
1,120
1,162
62
10,787
880
1,788
475
910
2,600
1,880
140
831
637
469
178

25,721
14,199
1,328
4,935
1,258
966
943
2,391
28
1,066
1,219
65
11,522
999
1,896
542
949
2,688
2,010
137
909
703
490
199

10,609
6,746
353
2,211
579
715
318
1,755
16
6
791
2
3,864
352
92
323
479
1,169
602
130
187
288
158
85

11,419
7,203
367
2,311
629
783
320
1,910
18
5
860
_•<
4,216
368
105
348
533
1,264
659
130
253
300
162
93

11,913
7,445
390
2,379
608
827
325
1,984
21
5
909
-1
4,468
397
116
340
564
1,376
710
123
277
303
162
100

53
54
55
56
57
58
59

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communications
Electric gas and sanitary services

1,559
74
543
66
112
351
413

1,635
81
559
61
129
355
451

1,710
85
586
61
142
386
449

5,459
170
1,734
69
1,160
1,075
1,251

5,814
170
1,867
47
1,214
1,196
1,320

6,166
160
1,992
42
1,250
1,305
1,418

2,234
125
489
72
283
569
696

2,311
126
539
62
294
565
724

2,439
118
585
62
307
601
765

4,301
281
1,511
(D)
(D)
867
242

4,596
293
1,634

886
277

4,924
291
1,801
(D)
(D)
942
302

60
61
62
63
64

Wholesale trade
Retail trade
. . . .
Finance insurance and real estate
Depository and nondepository credit institutions
Other finance insurance and real estate

1,150
2,424
1,047
460
587

1,240
2,595
1,147
492
655

1,294
2,787
1,205
520
685

5,335
8,607
4,260
1,691
2,570

5,723
9,163
4,802
1,886
2,915

5,952
9,753
5,193
2,101
3,091

1,799
4,362
1,821
702
1,119

1,851
4,646
1,913
748
1,165

1,935
4,976
2,021
782
1,239

4,099
6,494
3,182
1,099
2,084

4,407
7,087
3,532
1,199
2,333

4,591
7,582
3,814
1,316
2,498

4,809
8,187
5,034
1,889
3,145

5,036
8,570
5,655
2,084
3,572

5,189
8,948
6,165
2,382
3,783

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair services and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums botanical zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services

4,239
111
188
97
452
176
121
73
26
1,772
355
154
119
2
201
358
34

4,677
113
205
107
495
182
135
121
29
1,958
399
158
134
2
211
393
35

5,336
123
220
112
565
201
164
351
31
2,150
435
163
147
3
220
416
37

16,270
480
742
182
2,684
562
267
510
114
5,518
920
1,123
554
19
666
1,848
81

18,199
498
790
201
3,161
594
283
586
95
6,140
1,037
1,225
635
23
706
2,137
89

19,918
519
843
214
3,725
653
310
649
103
7,072
1,106
842
713
26
743
2,307
95

7,379
386
336
112
1,205
279
190
286
38
2,263
542
231
238
5
311
916
42

8,125
406
360
124
1,313
283
206
319
49
2,517
643
246
265
6
329
1,013
45

8,762
431
381
131
1,482
313
223
349
52
2,698
685
260
289
6
347
1,067
49

15,114
605
609
134
2,208
428
208
763
99
5,979
765
597
255
16
555
1,827
65

16,900
619
659
149
2,528
455
223
911
108
6,728
848
639
289
21
586
2,065
72

18,230
648
698
158
2,848
504
241
1,036
122
7,099
901
682
325
24
613
2,253
78

22,354
814
783
265
4,810
577
256
600
133
6,063
1,269
683
553
62
916
4,429
142

24,642
839
823
295
5,338
591
274
691
132
6,618
1,389
732
599
66
955
5,139
160

26,433
860
874
314
6,007
652
302
747
137
6,977
1,466
717
659
66
1,012
5,413
170

4,784
919
552
3,314

5,016
990
575
3,451

5,290
1,041
614
3,635

14,724
1,937
2,179
10,609

16,215
2,164
2,810
11,241

17,014
2,209
2,870
11,936

8,457
1,317
1,566
5,575

8,784
1,303
1,600
5,880

8,974
1,333
1,447
6,194

9,213
2,288
446
6,478

9,524
2,286
444
6,794

10,122
2,386
415
7,321

22,461
7,267
5,183
10,011

23,691
7,807
5,601
10,283

24,603
8,302
5,457
10,844

82
83
84
85

Government and government enterprises
Federal civilian
Military
,
State and local

See footnotes at end of table.




8

SURVEY OF CURRENT BUSINESS

August 1994 • 77

and Earnings by Industry1,1991-93
of dollars]
Southwest

West Virginia

1991

New Mexico

Arizona

Oklahoma

1992

1993

1991

1992

1993

1991

1992

1993

437,913 470,588 497,775
432,934 465,333 491,069
5,254
4,979
6,705

62,779
62,001
777

67,001
66,353
648

71,317
70,577
740

22,930
22,498
432

24,550
24,093
457

26,402
25,823
579

49,593
48,784
810

52,807
51,819
988

55,047 302,612
53,883 299,651
1,164
2,960

26,302
17,892

26,816
18,563

3,746
16,760

3,832
17,483

3,936
18,119

1,547
14,818

1,582
15,520

1,616
16,333

3,168
15,656

3,205
16,475

3,231
17,035

17,926
1,190
45
16,780
4,004
7,302

18,576 322,861 347,500 369,037
1,238 20,088 21,304 22,636
47
272
319
311
17,384 303,044 326,514 346,712
4,077 68,597 68,265 70,156
7,930 66,272 75,808 80,906

43,104
2,656
225
40,673
11,424
10,681

46,113
2,811
243
43,545
11,387
12,069

49,346
3,020
253
46,579
11,771
12,967

16,145
1,093
58
15,110
3,593
4,227

17,290
1,155
63
16,198
3,659
4,693

18,701
1,246
61
17,516
3,805
5,080

34,156
2,451
578
32,283
7,899
9,411

13,568
1,638
1,660
39
1,621

14,323
1,789
1,813
57
1,756

14,731 254,354 270,904 284,188
1,877 28,553
31,183 34,135
1,968 39,953 45,412 50,714
67
4,167
3,861
5,510
36,092 41,245 45,204
1,901

35,456
3,498
4,150
578
3,572

37,720
3,879
4,514
441
4,073

40,072
4,327
4,946
508
4,438

13,008
1,384
1,754
339
1,415

13,859
1,511
1,920
360
1,559

14,823
1,680
2,198
471
1,726

65
16,801
13,737
58
57
1
1,787
1,620
137
2
28
903

83
17,843
14,557
63
62
1
1,749
1,588
129
2
30
947

5,254
93
6,705
4,979
18,482 317,882 342,245 362,332
15,033 262,012 282,350 299,361
68
2,078
2,199
2,370
66
1,967
2,098
2,262
1
100
110
108
1,471
13,268 13,985 14,407
1,304
497
451
458
132 11,852 12,487 12,967
2
636
648
631
33
328
354
350
1,071
17,382 18,248 19,560

777
42,327
34,331
365
360
4
584
61
5
497
21
2,445

648
45,465
37,098
390
386
4
632
62
5
538
27
2,584

740
48,606
39,853
424
420
5
620
63
6
521
30
2,918

432
15,713
11,291
92
90
2
644
113
355
83
93
797

457
16,833
12,129
100
98
2
633
123
344
69
97
893

2,842
1,287
91
14
52
27
123
870
19
5
65
19
1,555
170
15
622
169
159
79
60
12
208
45
17

2,957
1,349
98
17
43
29
133
905
22
5
76
20
1,608
189
16
652
177
141
78
66
13
212
48
17

3,046
1,374
115
20
36
30
139
906
23
7
77
22
1,672
215
16
657
194
140
75
71
15
218
54
19

49,502
19,150
3,469
135
1,202
1,139
3,042
5,916
2,283
2
1,789
174
30,353
1,077
511
1,721
3,573
6,601
6,331
4,864
1,072
1,441
2,346
815

51,745
20,696
3,649
146
1,342
1,223
3,174
6,571
2,464
2
1,931
195
31,049
1,171
548
1,748
3,773
6,390
6,427
4,999
1,163
1,507
2,467
857

54,344
21,661
3,802
149
1,471
1,278
3,324
6,878
2,469
2
2,101
187
32,683
1,359
609
1,789
3,886
6,731
7,133
4,853
1,261
1,625
2,536
902

6,397
1,232
260
15
72
66
464
182
5
0
160
9
5,166
144
66
252
264
682
1,574
1,253
85
160
578
109

6,602
1,326
275
17
68
72
486
231
6
0
160
10
5,276
155
75
311
309
563
1,645
1,229
118
164
591
117

6,957
1,437
301
19
76
77
518
246
6
0
184
9
5,520
177
85
313
327
554
1,827
1,191
141
179
601
124

1,272
353
87
18
32
6
110
41
41
0
13
6
920
54
13
62
31
93
249
104
56
67
137
54

1,432
201
325
32
60
274
540

1,525
206
345
34
70
289
582

1,571
197
368
34
77
294
602

26,180
1,090
4,753
569
7,025
5,241
7,502

28,012
1,197
5,049
566
7,642
5,402
8,156

29,839
1,299
5,411
582
8,157
5,919
8,470

2,684
97
502
4
801
656
623

2,807
109
536
4
823
679
657

3,012
120
583
4
884
717
703

855
1,632
624
276
348

899
1,729
684
289
395

905
1,825
724
305
419

21,285
33,013
17,934
6,430
11,504

22,526
35,115
21,579
6,938
14,641

23,165
37,277
22,846
7,440
15,406

2,454
4,859
2,791
1,111
1,680

2,693
5,168
3,402
1,289
2,114

3,605
127
147
36
326
94
74
122
15
1,752
277
84
126
2
120
283
17

4,004
137
157
39
368
97
82
131
16
1,931
315
92
156
2
125
335
19

4,352
147
166
41
425
110
87
140
18
2,071
335
101
190
2
131
366
20

81,370
2,804
2,996
989
15,404
2,766
1,261
2,483
524
25,942
7,838
2,182
1,917
77
2,810
10,866
511

88,941
2,882
3,260
1,103
17,051
2,903
1,321
2,806
560
28,464
8,478
2,255
2,130
83
2,957
12,131
556

95,555
2,952
3,463
1,174
18,876
3,185
1,444
3,103
636
30,520
8,776
2,357
2,298
89
3,113
12,980
586

11,752
784
434
103
2,032
448
167
415
67
3,964
893
266
387
17
436
1,282
57

3,064
592
79
2,393

3,286
649
89
2,547

3,450
700
76
2,674

55,870
11,389
5,393
39,087

59,895
12,116
5,852
41,927

62,971
12,493
5,858
44,620

7,996
1,568
704
5,724

1992

1993

26,385
26,320
65

28,086
28,003
83

29,392
29,298
93

1,799
14,665

1,809
15,527

1,820
16,148

16,866
1,143
54
15,777
4,029
6,580

25,813
16,965




1992

1993

Rocky Mountain

Texas

1991

1991

Line

1991

1992

1993

130,157
127,339
2,818

139,385
136,947
2,438

149,761
146,369
3,392

1
2
3

18,031
19,134

7,440
17,495

7,629
18,271

7,834
19,116

4
5

36,329
2,563
625
34,390
7,981
10,436

38,023 229,455 247,768 262,968
2,699 13,887 14,776 15,672
-612
651
-589
-655
35,976 214,978 232,381 246,641
8,067 45,680 45,239
46,513
11,005 41,954 48,610 51,855

95,371
6,361
233
89,244
22,086
18,827

102,835
6,803
233
96,265
22,374
20,747

111,448
7,347
227
104,327
23,131
22,303

6
7
8
9
10
11

26,737
2,980
4,440
673
3,767

28,103
3,256
4,969
858
4,111

29,029
3,503
5,491
1,022
4,469

191,222 200,264
22,537 24,624
34,009 38,079
2,508
3,508
31,501
34,570

74,974
7,734
12,663
2,281
10,382

80,950
8,632
13,254
1,883
11,371

86,513
9,632
15,302
2,770
12,532

12
13
14
15
16

579
18,122
13,199
110
108
2
675
142
377
68
88
1,066

810
33,347
26,177
204
201
3
1,893
24
1,817
7
44
1,420

988
35,341
27,715
219
215
4
1,919
24
1,843
8
45
1,484

1,164
3,162
4,222
2,960
36,859 226,495 244,606 258,745
29,012 190,213 205,408 217,297
236
1,417
1,490
1,600
232
1,399
1,316
1,503
4
91
97
101
1,924 10,147 10,801
11,187
20
288
253
233
1,846
9,676 10,295 10,738
9
48
33
32
48
185
184
170
1,607 12,720 13,287 13,969

2,818
2,438
92,553 100,397
74,370 80,971
650
708
608
664
42
44
3,073
3,092
907
926
1,170
1,161
606
573
391
431
5,330
5,935

3,392
108,056
87,785
778
731
47
3,215
966
1,218
594
437
6,852

17
18
19
20
21
22
23
24
25
26
27
28

1,280
363
90
16
38
6
114
44
39
0
11
5
917
56
15
58
34
85
246
112
47
69
135
61

1,382
400
99
15
42
7
129
47
41
0
16
4
982
55
18
57
38
85
302
96
53
76
129
73

5,339
1,786
383
15
104
133
290
138
316
0
400
7
3,553
89
53
165
594
1,076
282
358
413
300
159
65

5,458
1,893
404
15
107
140
304
150
318
0
448
7
3,565
83
57
159
617
1,043
280
357
430
309
161
68

5,655
1,964
426
15
113
145
314
159
316
0
469
7
3,691
97
67
169
645
1,121
289
318
439
303
167
76

36,493
15,779
2,739
87
994
935
2,177
5,555
1,922
2
1,216
152
20,714
791
379
1,242
2,684
4,749
4,227
3,149
518
915
1,472
588

38,406
17,115
2,880
97
1,128
1,006
2,271
6,146
2,101
2
1,311
173
21,291
877
401
1,219
2,813
4,700
4,256
3,301
569
965
1,580
611

40,351
17,860
2,977
100
1,240
1,049
2,363
6,425
2,105
2
1,432
167
22,490
1,030
439
1,250
2,875
4,970
4,717
3,247
629
1,066
1,638
629

13,318
4,617
1,672
15
155
285
1,145
817
197
0
281
47
8,701
1,252
173
424
635
1,738
1,108
1,402
161
468
1,047
294

14,098
4,957
1,753
16
166
306
1,230
919
214
0
296
56
9,140
1,362
211
437
690
1,935
1,064
1,304
201
509
1,101
325

14,900
5,273
1,847
16
177
324
1,313
975
235
0
329
57
9,627
1,518
229
473
734
2,081
1,208
1,105
251
544
1,126
358

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

1,102
91
273
0
140
226
372

1,132
101
277
0
155
224
375

1,198
101
289
1
180
233
395

2,797
100
536
4
904
524
729

2,988
103
598
4
951
525
807

3,146
104
642
5
993
556
845

19,597
802
3,443
560
5,180
3,834
5,779

21,085
884
3,637
557
5,715
3,974
6,317

22,483
974
3,898
572
6,100
4,413
6,527

7,901
763
1,787
9
1,590
2,278
1,475

8,417
824
1,904
8
1,684
2,439
1,558

9.086
890
2,032
8
1,824
2,653
1,677

53
54
55
56
57
58
59

2,813
5,593
3,672
1,403
2,269

681
1,813
628
265
363

755
1,956
739
287
452

796
2,114
816
322
494

1,825
3,530
1,708
652
1,057

1,951
3,703
1,851
680
1,171

1,890
3,874
1,942
720
1,222

16,325
22,811
12,807
4,402
8,405

17,127
24,287
15,587
4,683
10,904

17,666
25,696
16,415
4,995
11,421

5,512
9,691
5,281
1,748
3,533

5,863
10,549
6,109
1,969
4,141

6,148
11,399
6,898
2,283
4,615

60
61
62
63
64

12,818
817
474
116
2,281
471
174
451
68
4,383
939
283
420
18
467
1,397
60

13,843
859
500
124
2,540
538
197
515
80
4,661
968
293
439
20
500
1,551
59

4,262
187
133
43
605
135
53
104
24
1,186
277
98
126
2
162
1,074
54

4,641
203
143
48
661
141
57
112
26
1,305
288
110
149
2
172
1,169
56

5,042
216
156
51
722
156
61
121
28
1,416
297
122
166
2
186
1,289
56

7,460
147
329
90
1,166
338
127
197
35
2,716
665
217
259
6
379
735
55

8,144
147
353
99
1,286
357
133
214
37
3,024
700
229
298
6
399
803
59

8,739
147
370
105
1,442
388
149
232
42
3,259
723
237
326
6
417
837
61

57,897
1,685
2,100
753
11,600
1,846
914
1,767
397
18,076
6,003
1,601
1,145
53
1,833
7,775
347

63,337
1,715
2,291
840
12,823
1,934
957
2,028
429
19,752
6,552
1,633
1,263
58
1,919
8,762
381

67,930
1,731
2,437
894
14,172
2,103
1,038
2,235
487
21,185
6,788
1,706
1,368
62
2,010
9,304
410

23,612
1,067
773
183
4,365
822
364
975
190
7,066
1,589
767
619
21
1,165
3,479
167

26,200
1,133
845
205
4,977
859
382
1,188
203
7,870
1,754
805
695
25
1,238
3,837
186

28,510
1,216
916
220
5,526
970
418
1,324
272
8,469
1,816
866
770
26
1,303
4,199
200

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

8,367
1,671
701
5,995

8,753
1,746
689
6,318

4,423
1,083
480
2,860

4,704
1,171
502
3,031

4,922
1,238
502
3,183

7,169
1,720
806
4,643

7,625
1,846
913
4,867

7,847
1,880
902
5,065

36,281
7,019
3,404
25,859

39,198
7,428
3,737
28,034

41,449
7,630
3,764
30,054

18,183
4,481
1,792
11,910

19,426
4,757
1,895
12,775

20,270
5,010
1,898
13,363

82
83
84
85

1991

17,352
17,440

179,154
20,691
29,610
2,271
27,339

1992

1993

326,230 345,009
323,068 340,786
3,162
4,222
17,683
18,449

SURVEY OF CURRENT BUSINESS

August 1994

Table 3.—Personal Income by Major Source
[Millions
Colorado

Idaho

Utah

Montana

Wyoming

Item

Line

1991

1992

1993

1991

1992

1993

1991

1992

1993

1991

1992

1993

66,536
65,670
867

71,292
70,614
678

76,581
75,620
960

16,452
15,540
913

17,775
16,914
861

19,279
18,143
1,136

12,753
12,182
571

13,469
13,068
401

14,617
13,877
740

26,038
25,807
230

28,078
27,801
278

30,010
29,723
287

8,378
8,140
238

8,770
8,550
220

9,275
9,005
270

3,370
19,745

3,465
20,577

3,566
21,475

1,038
15,854

1,066
16,676

1,099
17,540

807
15,793

822
16,379

839
17,413

1,767
14,737

1,811
15,503

1,860
16,138

458
18,295

465
18,871

470
19,724

49,314
3,319
78
46,073
11,748
8,716

53,230
3,553
80
49,757
11,855
9,680

57,669
3,842
77
53,905
12,294
10,381

11,954
820
162
11,296
2,599
2,558

13,000
887
163
12,277
2,676
2,822

14,289
966
158
13,482
2,770
3,026

8,364
649
-19
7,696
2,576
2,481

8,825
693
-10
8,122
2,651
2,697

9,758
745
-10
9,003
2,701
2,913

19,927
1,239
10
18,698
3,451
3,889

21,691
1,325
6
20,372
3,475
4,231

23,253
1,427
8
21,834
3,613
4,563

5,812
333
2
5,481
1,713
1,185

6,088
345
-7
5,736
1,717
1,317

6,479
368
-7
6,103
1,753
1,419

39,576
4,063
5,675
698
4,977

42,739
4,522
5,969
503
5,466

45,819
5,056
6,794
765
6,029

8,507
885
2,562
740
1,821

9,302
999
2,700
683
2,016

9,996
1,125
3,168
936
2,232

6,111
623
1,631
471
1,159

6,580
694
1,551
299
1,252

6,997
765
1,996
625
1,371

16,328
1,712
1,887
180
1,707

17,691
1,924
2,076
226
1,849

18,847
2,145
2,261
229
2,031

4,451
452
908
190
718

4,638
492
958
171
788

4,854
542
1,083
215
869

867
48,447
39,476
282
276
6
1,219
308
665
210
35
2,555

678
52,552
42,982
311
307
4
1,190
327
625
193
46
2,921

960
56,709
46,662
345
340
5
1,257
349
642
217
50
3,482

913
11,042
8,986
174
155
18
197
0
0
102
94
844

861
12,139
9,896
187
165
23
203
0
1
84
118
948

1,136
13,154
10,798
202
180
23
191
0
1
69
121
1,066

571
7,793
6,036
83
72
11
270
76
54
109
31
446

401
8,424
6,541
88
78
10
263
64
55
111
32
493

740
9,018
7,051
96
84
12
267
65
59
112
31
539

230
19,697
15,683
60
57
3
380
126
83
144
27
1,095

278
21,413
17,138
66
64
3
403
131
90
153
30
1,180

287
22,966
18,556
74
71
3
408
128
90
163
27
1,344

238
5,574
4,188
52
48
4
1,007
397
367
40
202
390

220
5,868
4,413
55
51
4
1,033
404
390
34
206
393

270
6,209
4,718
60
56
4
1,092
425
427
33
208
421

2,286
867
454
2
6
113
101
170
0
0
17
4
1,418
780
12
4
61
260
213
19
16
29
12
13

2,484
913
464
1
6
121
107
189
0
0
21
3
1,571
840
15
4
63
308
241
22
18
32
13
15

2,775
954
487
1
7
124
111
198
1
0
22
3
1,821
931
17
6
67
373
316
24
21
36
13
17

684
241
64
0
13
39
57
21
44
0
2
0
444
263
7
63
18
17
10
3
5
27
7
23

732
257
68

782
275
72

3,379
907
288

3,548
1,000
304

62
24
59
0
6

i s
291
9
57
18
16
6
4
6
29
8
31

318
11
48
19
21
6
6
7
31
8
33

?3
56
231
119
61
0
69
P)
2,473
81
82
257
223
343
305
606
131
104
205
137

65
248
145
70
0
85
P)
2,548
96
90
273
237
365
282
534
176
121
220
155

294
168
24
0
1
0
36
44
56
0
6
1
126
34
1
13
13
33
1
7
0
18
3
3

299
164
24
P)

59
22
53
0

3,203
853
268
6
69
52
214
123
53
0
67
1
2,351
77
71
236
197
261
390
618
99
99
183
120

P)
37
47
48
0
6
1
135
37
1
14
13
35
2
8
1
19
3
2

321
182
30
P)
2
P)
38
53
50
0
7
1
139
40
2
15
13
35
2
6
1
20
3
3

752
113
268
5
78
128
160

808
117
285
5
85
140
177

771
169
215
0
80
124
182

808
178
219
0
90
130
190

862
200
221
0
98
138
205

1,594
131
457
0
370
270
365

1,709
144
487
0
412
283
383

1,874
150
529
0
455
319
421

571
154
140
1
43
70
163

586
153
145
1
43
70
174

612
158
152
1
48
73
179

1991

1992

1993

Income by Place of Residence
1 Total personal income (lines 6-11)
2
Nonfarm personal income
Farm income (line 17)2
3
4
5

Population (thousands) 3
Per capita personal income (dollars) 4
Derivation of Total Personal Income

6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85) 5
L&SS' Personal contributions for6 social insurance
Plus' Adjustment for residence
Equate" Net earnings by place of residence
Plus' Dividends interest and rent7
Plus' Transfer payments

12
13
14
15
16

Components of earnings:
Wages and salaries
Other labor income 8
Proprietors' income
Farm
Nonfarm 8

Earnings by Place of Work

Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28

Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other9
Agricultural services
Forestry fisheries and other9
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals except fuels
Construction

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52

Manufacturing
Nondurable goods
Food and kindred products
. . .....
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
:
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone clay and glass products
. . ,
Instruments and related products
Miscellaneous manufacturing industries

6,851
2,488
863
7
67
81
737
459
44
0
189
41
4,363
99
82
107
346
1,167
495
756
41
295
841
135

7,203
2,716
908
7
P)
P)
797
542
51
0
196
51
4,487
114
103
105
374
1,233
510
663
46
325
873
140

7,474
2,863
955
7

53
54
55
56
57
58
59

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communications
Electric gas and sanitary services

4,259
200
722
2
1,028
1,691
615

4,562
236
786

4,929
266
844

1,062
1,827
650

1,138
1,983
694

706
107
253
5
68
123
149

60
61
62
63
64

Wholesale trade
Retail trade
Finance insurance and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate

2,985
4,881
3,228
919
2,309

3,206
5,249
3,728
1,038
2,690

3,364
5,706
4,212
1,214
2,999

640
1,265
465
190
276

701
1,386
554
210
344

732
1,507
607
224
383

441
1,040
365
148
217

477
1,139
416
160
256

504
1,214
451
174
278

1,251
1,941
1,040
404
635

1,271
2,170
1,199
472
727

1,340
2,328
1,376
577
799

195
565
183
86
97

208
606
212
88
123

208
644
252
95
158

65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

Services
Hotels and other lodging places
Personal services
.
Private households
Business services
Auto repair services and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services

13,217
599
426
106
2,825
420
166
590
83
3,695
1,005
312
331
13
471
2,090
86

14,612
627
463
119
3,143
429
177
741
100
4,089
1,100
337
365
15
499
2,313
94

15,892
666
502
128
3,478
481
198
822
134
4,393
1,130
360
399
17
526
2,557
101

2,410
91
87
21
274
102
47
69
13
776
131
72
68

2,682
98
96
24
314
108
51
77
14
877
151
76
71

2,909
106
104
25
368
125
53
87
15
943
160
83
87

2,126
108
72
21
200
87
39
105
17
870
139
49
94

2,336
116
75
22
224
99
43
121
28
943
143
56
106

5,120
183
151
27
972
173
84
186
51
1,538
264
319
95

5,759
193
167
30
1,196
190
83
217
64
1,739
290
321
10(

6,263
212
186
32
1,318
216
89
232
84
1,879
306
345
122

930
98
42
11
115
43
30
39
8
271
64
19
42

1,022
107
46
12
124
44
32
48
8
295
73
22
4<

80
559
20

86
605
25

92
631
28

1,935
96
66
18
179
84
37
91
36
787
126
45
8;
t
99
175
12

112
199
14

119
225
15

48(
557
38

50!

527
667
43

35
98
11

37
110
12

1,109
115
49
12
138
50
33
61
9
311
76
23
56
4
39
120
13

82
83
84
85

Government and government enterprises
Federal civilian
Military
State and local

8,972
2,086
1,101
5,784

9,570
2,209
1,179
6,183

10,047
2,418
1,179
6,451

2,055
429
161
1,465

2,243
473
173
1,597

2,356
496
182
1,678

1,757
434
156
1,166

1,883
47'
157
1,254

1,967
494
167
1,305

4,014
1,287
260
2,467

4,275

4,410
1,325
257
2,828

1,386
244
114
1,027

1,455
262
119
1,074

1,490
276
113
1,101

. . . .

Museums botanical zoological gardens
Membership organizations
,
Engineering and management services
Miscellaneous services

0

. .

854
554
55
0
209
51
4,612
134
109
132
398
1,287
602
535
47
335
882
151

Data are suppressed in order to avoid the disclosure of confidential information; estimates are included in totals.
1. The industry classification uses the 1987 Standard Industrial Classification (SIC).
2. Farm income consists of proprietors' net income; the cash wages, pay-in-kind, and other labor income of hired
farm workers; and the salaries of officers of corporate farms.
3, Midyear population estimates provided by the Bureau of the Census. Estimates for 1991-93 reflect State popu-




611
41

1341

267
2,667

8

lation estimates available as of February 1994.
4. The computation of per capita personal income used midyear population estimates provided by the Bureau
of the Census. See footnote 3.
5. Personal contributions for social insurance are included in earnings by type and industry but excluded from
personal income.

SURVEY OF CURRENT BUSINESS

August 1994 ®

79

and Earnings by industry1,1991-93—Continued
of dollars]
1991

Far West
1992

1993

851,530
842,716
8,814
41,334
20,601

900,699
891,054
9,646
42,090
21,400

California

Alaska

1992

1992

1993

929,154
919,054
10,100
42,658
21,782

12,280
12,273
7
569
21,592

13,074
13,068
6
588
22,244

13,785 634,896 667,318
13,778 628,564 660,287
7
7,031
6,332
30,895
599 30,407
23,008 20,880 21,599

683,002
675,921
7,081
31,211
21,884

24,539
24,324
215
1,135
21,621

630,316
40,564
-762
588,989
138,548
123,992

664,997 681,753
42,286 43,839
-753
-750
621,961 637,162
137,909 142,181
140,829 149,810

10,473
699
-694
9,080
1,319
1,881

11,052
717
-720
9,615
1,386
2,074

11,555 471,211 492,516 500,309
748 30,576 31,630 32,607
149
-744
21
85
10,063 440,656 460,971 467,850
1,422 103,263 102,050 104,867
2,300 90,977 104,297 110,285

499,611
52,220
78,485
4,908
73,577

520,011
56,018
88,968
5,908
83,061

527,239
59,674
94,840
6,111
88,729

8,225
837
1,411
4
1,408

8,648
901
1,503
3
1,500

8,814
9,646
621,502 655,352
515,113 543,243
6,627
6,583
5,307
5,069
1,514
1,320
4,122
4,063
59
70
2,543
2,540
1,007
1,016
454
496
38,222
37,080
104,619 105,888
31,999
30,896
8,521
8,899
480
496
3,266
3,200
2,874
2,993
7,400
7,629
3,834
3,547
2,207
2,172
0
0
2,555
2,559
116
146
73,889
73,723
5,337
5,326
1,659
1,568
2,386
2,577
5,130
5,079
11,832
12,052
11,894
11,900
18,061
17,842
1,554
1,772
2,441
2,471
11,745
11,748
1,550
1,692
39,937
38,001
1,354
1,444
8,092
8,342
1,858
1,875
10,409
10,993
9,843
10,272
7,011
6,446
40,427
38,398
64,095
66,120
37,420
45,560
15,067
13,778
23,642
30,493
183,712 197,482
10,542
10,960
5,614
5,866
2,037
2,268
35,214
32,045
5,864
5,867
2,611
2,693
10,754
12,424
7,943
7,896
48,432
52,260
15,577
14,640
5,184
5,468
4,365
4,829
205
220
4,840
5,101
29,037
27,051
1,802
1,585
106,389 112,109
18,439
19,535
11,940
12,243
80,331
76,011

10,100
671,654
557,591
6,887
5,561
1,327
4,195
68
2,611
1,031
485
37,962
104,687
32,624
8,986
515
3,276
3,043
7,869
4,041
2,119
0
2,663
113
72,062
5,430
1,723
2,345
5,111
11,983
12,428
15,714
1,779
2,492
11,322
1,735
41,586
1,592
8,604
1,878
11,193
10,845
7,474
39,977
67,870
46,923
15,818
31,105
207,504
11,459
6,106
2,401
38,222
6,214
2,806
12,930
8,973
54,198
15,694
5,787
5.221
'231
5,302
30,136
1,825
114,063
20,405
11,639
82,019

7
10,466
7,180
360
16
343
979
11
834
131
3
642
637
458
305
P)
1
45
54
26
24
0
2
P)
179
134
1
4
5
P)
1
10
1
15
P)
3
1,049
0
P)
P)
P)
177
147
305
965
319
124
195
1,925
150
65
13
319
73
32
90
16
485
126
35
108
1
98
297
15
3,287
721
679
1,886

6
11,046
7,539
302
19
282
955
12
806
132
6
643
667
496
340
0
1
49
53
26
26
0
2
0
171
127
P)
5
5
4
1
8
0
14
P)
3
1,147
0
136
P)
P)
184
148
318
1,038
353
133
220
2,116
159
73
15
339
75
33
106
17
551
136
38
120
1
107
329
17
3,507
778
738
1,991

1991

Nevada

Hawaii
1991

1991

1993

199210

Oregon

Washington
Line

1993

1991

1992

1993

1991

1992

1993

1991

1992

1993

25,912
25,703
209
1,156
22,420

27,389
27,193
196
1,172
23,378

26,755
26,658
97
1,288
20,774

29,210
29,142
68
1,336
21,857

31,593
31,499
94
1,389
22,747

51,919
51,116
803
2,919
17,789

55,615
54,822
793
2,972
18,716

58,962
58,066
896
3,032
19,447

101,140
99,780
1,360
5,016
20,163

109,570
108,031
1,538
5,143
21,306

114,422
112,597
1,825
5,255
21,773

1
2
3
4
5

19,073
1,149

20,437
1,207

21,063
1,243

17,924
3,435
3,180

19,230
3,114
3,567

19,820
3,677
3,892

19,824
936
-410
18,478
4,550
3,728

21,734
1,015
-450
20,269
4,745
4,196

23,716
1,118
-509
22,090
4,988
4,515

37,066
2,600
-611
33,855
9,461
8,603

39,827
2,764
-634
36,429
9,641
9,546

42,512
2,965
-698
38,849
9,837
10,276

72,669
4,605
933
68,997
16,520
15,623

79,431
4,953
969
75,448
16,973
17,149

82,598
5,157
1 049
78',490
17,390
18,542

6
7
8
9
10
11

8,942 373,137 383,783 385,528
974 39,950 42,335 44,797
69,983
58,124 66,398
1,639
4
4,298
4,139
3,469
62,100 65,845
1,635
54,655

15,337
1,500
2,235
-1
2,237

16,357
1,640
2,440
-10
2,451

16,627
1,752
2,684
-14
2,698

15,961
1,405
2,458
65
2,393

17,340
1,603
2,791
35
2,756

18,750
1,829
3,137
57
3,080

28,990
3,143
4,933
495
4,438

30,979
3,458
5,391
502
4,889

32,779
3,794
5,940
586
5,354

57,960
5,386
9,323
875
8,447

62,905
6,082
10,445
1,080
9,365

64,613
6,529
11,456
1,338
10,118

12
13
14
15
16

7
6,332
7,031
7,081
11,548 464,879 485,485 493,228
7,932 388,622 405,933 413,165
4,357
4,685
326
4,508
4,482
22
4,141
4,311
197
203
303
216
2,234
2,307
930
2,178
3
3
12
1,807
1,714
785
1,684
208
128
200
199
289
318
6
293
764 27,354 25,711 25,632
79,563
648 81,128 80,989
25,049 25,378
472 24,369
6,478
6,204
6,445
319
0
434
418
403
1
3,003
2,982
3,029
1,677
1,656
47
1,561
6,107
5,945
47
5,850
3 355
3,515
3,109
28
1,959
l!983
1,890
28
0
0
P)
P)
2,174
2,121
2
2,176
-1
127
P)
P)
177 56,759
55,940 54,186
1,683
132
1,820
1,680
1,347
1,416
1,458
P)
4
1,483
1,335
1,346
4,227
4,297
4,197
5
5 10,347 10,505 10,313
1
10,789 10,692 11,066
7 11,897 11,273
9,678
1,299
0
1,155
1,258
1,817
15
1,874
1,823
10,520
10,127
10,610
P)
1,174
4
1,141
1,239
1,194 27,209 28,385 29,469
924
0
862
1,009
5,841
6,003
136
5,749
1,112
1,101
1,100
P)
7,614
7,503
7,202
P)
7,671
8,050
195
7,390
5,346
5,693
159
4,893
325 29,280 30,571 29,836
47,853 48,645
1,084
46,989
387 29,346 35,949 36,594
12,235
150 10,896 11,791
236 18,451 24,158 24,359
2,275 140,781 149,733 156,435
4,544
4,532
166
4,581
4,396
4,550
76
4,251
1,771
1,970
2,083
16
379 25,893 27,977 30,541
4,493
4,677
80
4,531
2,097
36
1,977
2,028
9,607
114
9,428
8,203
7,581
8,639
20
7,650
596 36,578 39,054 40,087
137 12,092 12,765 12,816
4,179
4,629
42
4,395
3,716
3,184
3,472
126
1
174
166
157
3,701
3,831
119
3,540
346 20,925 22,322 23,023
1,441
1,431
19
1,269
76,257 79,552 80,063
3,616
829 12,364 13,033 13,646
7,280
7,815
7,740
735
2,051
56,153 58,704 59,138

215
18,858
14,118
133
119
14
15

209
20,229
15,119
138
126
11
19

196
20,867
15,636
145
131
14
19

P)
P)
17
1,687
890
672
245
P)
41
9
318
19
31
0
6
P)
218
P)
17
4
19
9
1
20
1
104
P)
22
1,728
0
151
134
888
353
201
794
2,670
1,445
464
981
5,749
1,237
174
28
728
162
65
268
45
1,453
403
208
153
19
146
641
18
5,110
1,194
1,613
2,303

P)
P)
17
1,777
881
658
211
P)
50
9
329
19
32
0
7
P)
222
P)
18
4
18
10
2
20
1
105
P)
21
1,722
0
142
133
886
346
215
810
2,770
1,536
510
1,026
5,976
1,235
184
29
775
170
72
290
46
1,552
396
224
169
19
154
642
19
5,231
1,213
1,576
2,442

68
21,666
18,599
99
85
13
651
1
8
601
42
1,605
957
319
68
P)
10
6
130
38
1
P)
65
P)
638
P)
P)
48
58
66
44
18
11
83
80
182
1,302
50
203
P)
P)
273
370
912
2,099
996
360
635
9,979
4,159
224
32
802
176
61
1,440
31
1,507
336
43
80
2
105
957
25
3,067
518
268
2,280

94
23,622
20,385
109
95
14
673

1
1
13
1,692
829
604
239
P)
35
9
262
17
32
0
6
P)
224
15
21
5
18
P)
1
22
1
108
P)
17
1,595
0
P)
P)
797
349
168
754
2,537
1,250
415
836
5,312
1,173
163
25
695
160
62
231
39
1,309
369
195
131
17
137
589
17
4,740
1,118
1,535
2,087

97
19,727
16,927
101
83
18
632
1
8
588
36
1,548
821
290
60
1
7
2
129
34
1
0
56
0
531
28
18
45
64
66
43
16
11
70
71
99
1,222
47
192
P)
P)
259
329
827
1,961
774
321
453
9,041
3,813
211
28
694
173
57
1,231
32
1,372
302
44
70
2
96
899
19
2,800
458
282
2,060

803
36,263
30,191
442
248
194
82
10
1
24
48
2,210
7,404
1,865
629
41
57
431
448
96
28
0
128
8
5,539
2,036
78
491
342
664
698
282
226
146
469
107
2,526
179
885
110
404
486
462
2,662
4,269
1,902
681
1,221
8,693
314
332
72
1,439
336
172
285
74
3,162
609
274
341
13
320
869
83
6,072
1,180
142
4,750

793
39,034
32,491
456
267
189
88
16
P)
P)
48
2,293
7,725
1,962
658
44
55
448
472
106
32
0
140
8
5,763
2,083
93
461
355
696
794
295
269
140
464
111
2,665
190
927
106
443
531
469
2,899
4,534
2,242
761
1,481
9,589
330
355
81
1,634
354
184
331
86
3,445
676
291
388
16
333
992
95
6,543
1,278
144
5,120

896
41,616
34,727
493
296
197
98
15
P)
P)
56
2,502
8,104
2,055
675
44
59
462
502
114
22
0
169
8
6,049
2,141
108
427
383
763
922
283
289
146
465
122
2,810
208
983
109
468
549
493
2,993
4,855
2,466
854
1,612
10,406
348
378
86
1,852
411
201
362
91
3,677
696
314
437
18
352
1,082
102
6,889
1,319
147
5,423

1,360
71,309
58,075
1,189
460
729
177
36
14
64
62
4,776
13,800
3,310
1,084
33
118
825
657
266
128
0
189
10
10,490
1,304
102
549
403
740
369
5,834
160
258
588
183
4,401
266
994
414
1,098
1,183
446
4,570
7,375
3,827
1,341
2,486
17,960
511
593
128
3,005
591
311
714
133
5,527
1,143
457
531
14
649
3,471
183
13,234
2,598
1,562
9,074

1,538
77,893
63,562
1,125
498
627
174
38
8
61
66
5,142
14,660
3,502
1,143
32
130
826
711
291
134
0
224
10
11,158
1,389
111
532
415
771
362
6,227
191
283
676
200
4,711
282
1,084
443
1,165
1,260
477
4,933
7,926
4,576
1,558
3,018
20,315
530
645
144
3,733
607
321
853
136
6,250
1,260
493
616
16
709
3,796
207
14,331
2,734
1,665
9,932

1,825
80,773
65,747
1,129
534
595
168
37
6
54
71
5,286
14,469
3,706
1,224
35
146
839
747
326
145
0
236
9
10,762
1,422
116
518
426
818
386
5,705
218
305
634
214
4,956
321
1,116
437
1,173
1,403
505
5,078
8,282
4,844
1,665
3,179
21,534
557
680
153
3,790
679
333
939
142
6,675
1,308
532
683
16
736
4,095
220
15,027
2,855
1,650
10,521

17
18
19
20
21
22
23
24
25
26
27
28
29
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
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

9
617
46
2,001
1,021
355
78
P)
17
9
138
38
1
P)
74
P)
666
P)
P)
46
81
74
52
21
12
97
86
135
1,435
53
225
P)
P)
301
409
935
2,234
1,097
405
692
10,879
4,620
238
35
884
197
68
1,617
35
1,609
342
46
90
3
111
948
34
3,237
542
251
2,444

6. U.S. adjustment for residence consists of adjustments for border workers: Earnings of U.S. residents commuting foreign embassies and consulates in the United States.
outside U.S. borders to work less earnings of foreign residents commuting inside U.S. borders to work plus certain
10. The 1992 estimates of personal income reflect the losses resulting from damage caused by Hurricane Andrew
Caribbean seasonal workers.
in Florida and Louisiana and by Hurricane Iniki in Hawaii.
7. Includes the capital consumption adjustment for rental income of persons,
11. The 1993 estimates of personal income reflect the losses from damage caused by floods in Illinois, Iowa,
Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin and by drought in Georgia,
8. Includes the inventory valuation and capital consumption adjustments.
9. "Other" consists of the wages and salaries of U.S. residents employed by international organizations and by North Carolina, South Carolina, and Virginia.




SURVEY OF CURRENT BUSINESS

August 1994

Gross State Product, 1977-91
By Richard M. Beemiller and Ann E. Dunbar

HIS ARTICLE presents new cur rent-dollar estimates of gross state product (GSP) for 1991
and revised estimates for 1977-90 (see table i,
which follows the text). The estimates incorporate new source data and methodology.
These estimates update and extend those published in the December 1993 SURVEY OF CURRENT
BUSINESS/ This article also presents constantdollar estimates of GSP by industry for selected
years in 1977-91 (see table 2).2 The current- and
constant-dollar GSP estimates are consistent with
the estimates of gross product by industry for the
Nation that were published in the November 1993

GSP is the market value of the goods and services produced by the labor and property located
in a State. GSP for a State is measured as the sum
of gross state product originating (GSPO) in all
industries in the State. As such, it is the State
counterpart of the Nation's gross domestic product (GDP) measured as the sum of gross product
originating (GPO) in all industries. An industry's
GSPO, referred to as its "value added," is equivalent to its gross output (sales or receipts and other
operating income, plus inventory change) minus
its intermediate inputs (consumption of goods
and services purchased from other industries or
imported).
BEA prepares GSPO estimates for 61 industries
(appendix A). For each industry, GSPO is composed of four components: (i) Compensation
of employees (hereafter termed "compensation");
(2) proprietors' income with inventory valuation adjustment (IVA) and capital consumption
allowances ("proprietors' income"); (3) indirect
business tax and nontax liability ("IBT"); and

SURVEY.3

1. Richard M. Beemiller and Ann E. Dunbar, "Gross State Product, 197790," SURVEY 73 (December 1993): 28-49.
2. The constant-dollar estimates are derived by deflating new and revised current-dollar estimates for 61 industries with implicit price deflators
computed from the estimates of national gross product originating. Detailed
estimates of GSP in current and constant dollars for 1977-91 for 61 industries
are available on diskette. (See the box "Data Availability" on page 85.)
3. See tables 6 and 8 in Robert E. Yuskavage, "Gross Product by Industry,
1988-91," SURVEY 73 (November 1993): 38,40.

Table A.—Average Annual Percent Change in Gross State Product for Selected States and the United States,
1987-91
[Based on estimates in 1987 dollars]
Goods-producing industries
Total
GSP

Rank

Total

Nondurables
Agricul- Durables
manumanuture
facturing facturing

Private service-type industries

Construction

Mining

Total

Transportation
and
public
utilities

Wholesale
trade

Retail
trade

Finance,
insurance,
and real
estate

Services

Government

1
2
3
4
5
6
7
8
9
10

Fastest growing
States:
Nevada
Hawaii
Washington
Delaware
Idaho
New Mexico
Nebraska
Utah
South Carolina
Oregon

7.4
5.2
4.5
4.4
4.4
4.4
3.6
3.5
3.1
2.9

14.9
6.0
4.3
-.1
6.0
10.7
5.7
5.2
3.1
1.4

9.9
.8
3.2
1.4
5.7
8.3
11.4
3.8
5.3
1.6

4.8
7.9
6.1
-1.9
8.6
36.7
4.7
5.9
4.2
0

-0.9
—4
-15
.5
1.9
-1.2
1.4
4.5
2.6
1

6.6
10.8
7.2
14
6.6
-2.9
1.0
1.8
1.8
8.9

37.1
20.1
14.0
23.6
9.1
4.5
-1.6
8.1
3.8
9.0

6.2
5.9
5.0
7.2
3.7
2.4
3.3
3.2
3.5
3.8

4.4
7.4
5.0
2.1
4.3
1.3
5.1
3.3
5.4
5.3

5.6
4.8
4.6
3.2
4.3
2.1
2.3
4.1
2.1
4.4

6.1
6.0
5.5
3.0
4.9
3.7
3.1
4.0
3.2
4.7

6.2
5.1
.3.6
11.6
2.5
1.5
2.6
1.7
2.8
2.6

6.8
6.1
6.5
3.9
3.6
3.2
3.3
3.9
3.6
3.3

5.0
2.2
2.4
2.2
3.4
1.2
1.3
1.7
2.0
2.6

United States

1.8

.0

2.4

1.2

.4

-2.2

2.5

2.3

3.3

1.9

1.8

2.1

2.3

1.8

44
45
46
47
48
49
50

Slowest growing
States:
Missouri
New York
New Hampshire
North Dakota
Massachusetts
Rhode Island
Michigan

.8
.6
.4
.4
.3
.3
-.4

-1.0
-.7
-1.7
.3
-1.5
-1.4
-3.0

0
1.4
-.6
-1.6
.3
-3.2
3.5

-2.6
1.5
3.2
6.9
2.0
1.0
-5.0

2.6
-1.4
-.4
.5
-2.9
-2.1
1.2

-4.8
-4.1
-16.1
-2.5
-11.4
-9.6
-.9

1.6
-3.4
-11.5
1.6
-10.0
-12.0
1.5

1.6
.9
1.2
.4
1.1
1.1
.9

3.3
1.4
1.7
-1.3
4.2
2.4
-.6

1.6
-1.2
-.2
-.3
.1
-2.3
1.5

.5
.1
-1.8
3.2
-1.9
-1.4
1.1

1.2
1.1
2.2
-.2
1.2
2.0
1.2

1.3
1.5
2.2
1.0
1.6
2.0
.9

1.1
1.2
2.3
.5
-.2
.4
1.5




August 1994 • 8l

SURVEY OF CURRENT BUSINESS

(4) other, mainly capital-related, charges ("capital charges"). The compensation and proprietors'
income components are mostly derived from
BEA'S estimates of earnings by place of work,
an aggregate in the State personal income series. (Appendix B shows in detail how GSP
corresponds to earnings and GDP.) The IBT component reflects the liabilities charged to business
expense, most of which are sales and property
taxes levied by State and local governments.4 The
capital charges component comprises corporate
profits with IVA, corporate capital consumption
allowances, business transfer payments, net interest, rental income of persons, and subsidies less
current surplus of government enterprises.
The first section of this article discusses growth
rates in real GSP for selected State economies
in 1987-91 and the relative size of the State
economies in 1991. The second section sum-

marizes the major sources of revisions to the
current-dollar estimates for 1977-90.

4. These taxes include property taxes on owner-occupied housing because owner-occupied housing is treated as a business in the national income
and product accounts.

5. In this article, the discussion of constant-dollar growth rates is limited
to 1987-91, and the changes in total real GSP and in GSPO in all industries
are calculated using fixed-i987-weighted measures. Because of substantial

Changes in GSP, 1987-91
GSP growth rates
Comparisons of constant-dollar GSP growth rates
with the U.S. average growth rate can be used
to gauge the performance over time of States
and industries. From 1987 to 1991, real GSP
for the United States increased at an annual
rate of 1.8 percent (table A). GSPO in goodsproducing industries (agriculture, mining, construction, and manufacturing) increased 0.6 percent, GSPO in private service-type industries
(trade, the finance-insurance-real estate group,
the transportation-public utilities group, and
services) increased 2.3 percent, and GSPO in
government increased 1.8 percent.5

GrossStateProduct: Average Annual Percent Change, 1987-91
Based on estimates In1987 dollars

NH0.4
MA 0.3
'RI0.3
CT1.1
NJ1.3

UNITED STATES 1.8%
Fastest growing States
Slowest growing States
D All other States

US. Depan-nent of Commerce, Bureau of Economic Analysis




SURVEY OF CURRENT BUSINESS

82 • August 1994

Fastest growing States.—In 10 States, increases in
total real GSP were at least i.o percentage point
above the U.S. average of. 1.8 percent (chart i).
Most of these States had above-average increases
in GSPO in all major goods-producing industries
except nondurables manufacturing. According to
the estimates in 6i-industry detail, increases in
durables manufacturing GSPO were above average in electronic and other electric equipment in
Idaho, New Mexico, and Utah; in industrial machinery and equipment in Idaho, Nebraska, and
South Carolina; in transportation equipment in
Washington and Utah; and in both primary and
fabricated metals in Utah. In addition, increases
in mining GSPO were above average in metal mining in Nevada and in oil and gas extraction in
New Mexico and Utah.
changes in the relative price structure in manufacturing—changes that were
largely traceable to the rapidly declining prices of computers and peripheral
equipment—the fixed-weighted measure with 1987 price weights is appropriate for only a fairly short period of years around 1987. See Robert P. Parker,
"Gross Product by Industry, 1977-90," SURVEY 73 (May 1993): 36-37-

Most of the 10 States had above-average increases in GSPO in all major private service-type
industries and in government. The above-average
increases were mainly in communications, in depository institutions, in real estate, in business
services, and in State and local government. In
addition, increases in GSPO were above average in
hotels and lodging places in Nevada and Hawaii.
Slowest growing States.—In seven States, increases
in total real GSP were at least i.o percentage
point below the U.S. average (chart i). Most
of these States had declines or below-average increases in GSPO in agriculture, in nondurables
manufacturing, in construction, and in mining.
In addition, Missouri, Michigan, and Rhode Island had declines or below-average increases in
GSPO in durables manufacturing; the weaknesses
were mainly in motor vehicles and equipment in
Missouri and Michigan, in other transportation
equipment and in electronic and other electric
equipment in Missouri and Rhode Island, and

G$<m
Based on estimates in current dollars

More than 2.0%
CD 1.0%-2.0%
..'*<*-^.

U.S. Department of Commerce, Bureau of Economic Analysis




LJ Less than 1.0%

SURVEY OF CURRENT BUSINESS

in both primary and fabricated metals in Rhode
Island and Michigan.

August 1994 •

GSP shares
Current-dollar GSP shares can bemused to measure
the relative size of the various State economies
at a given point in time.
Chart 2 shows
each State's current-dollar GSP as a share of
the U.S. total in 1991. Fourteen States that
have relatively large GSP—California, Texas, three
Great Lakes States, eight East Coast States, and
Washington—accounted for two-thirds of the

Most of the seven States had declines or belowaverage increases in GSPO in all major private
service-type industries and in government. The
weaknesses were mainly in communications, in
electric, gas, and sanitary services, in depository
institutions, in real estate, in business services,
and in State and local government.

Table B.—Revisions in Gross State Product, 1977-90
[Millions of dollars]
1977
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia ..
Maryland
New Jersey
New York
Pennsylvania

Far West .... ....
Alaska
California
Hawaii
Nevada
Oregon
Washington

1987

0

0

0

0

0

25

194
51
14
158

117
42
17
83

133
54
11
100

145
14
14
149

97
28
10
113

632
327
-4
222

555
394
-48
81

876
709
-54
-8

18
-13

20
-26

22
-26

20
-27

44
-43

36
-30

26
-39

132
-23

222
-65

292
-80

13

27

25

-17

-33

37

-41

-21

27

17

860
35

856
-2

908
2

893
43

-73
-5

1,420

1,909

3,208

7
65

9
74

8
87

19
83

26
71

158

105

139

107

425
171

538
132

512
159

496
146

-749
-253
-104

Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming

1986

1985

172
42
9
155

Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

Southwest
Arizona
New Mexico
Oklahoma
Texas

1984

1983

0

-586
-237
-375

-36
36
26

-55
-28
-60

-602
-231
-353

-81
33
28
-961
-302
-113

-70
-46
-103
-224
-104

-684
-261
-401

-78
33
22
-907
-258
-125

-39
-51
-77

-756
-220
-453
-165

68
14
-642
-170

-93
-23
1
-62

-10
-328

173
-653
-285
-435

155
165
57
-882
-280
-102

-37
-44
-118
-210

-480

-374

164

381

2

-83

1,497
202

820

-3,229

-1,975

-2,792

-695
-604
-296
-143
-237

-936
-824
-431
-134
-466

-2,096

-2,425

-665
-310
-196

-846
-251
-351
-231
-230
-344
-173

-412
-153
-390
-110

173
68
-832
-198

111
-19
-56
-96

-470
-189
-306
-118

94
47
-867
-182

118
-15
-31
-82

212

64
13
-37

38

139
-84
-11

113
-51
-36

-6
19
15
-36
-4
-236

-7
-211

120
34
26
-28
89
-357

23
-376

-37
-140

13
2

4
26

245
89
36
-61
181

267
88
33
-26
172

-484

24
-538

-360

-7
-404

-63
-105

-258

128
-122

-102

-85

-29
20

11
-19

584
123
114
25
323

581
49
116
14
402

-143

54
-332

-149

52
-300

122
-122

96
-50
-142

-78
-115

_2
-26
964
55
129
8
772
-334

30
-351

-31
11
1

-44
25
14

-23
34
19

22
17
12

99
30
7

95
-6
10

25
-35
-3

632
55
382
1
18
37
139

695
50
421
-2
30
54
143

627
34
378
-1
40
67
109

321
11
162
-51
34
66
100

838
24
445
-44
56
236
122

1,125

1,286




10

594
369

96

9
-41

-39

-167

3
552

-520

218

-127

-2,993

325

117

58
-26

-7
6

1,407

-42

25
-696

64
5

-35
-81

g

35

60
23

2
-26

4820

-270

14

-221

191
632

51
15

-25
-72

3

63

40
1

7

-125

280
-269
-314

-63
546

140
-18
211

-133

51

111

111
-91
254

24

-18

173
560

83
-58
202

35

12

419
-260

38

16
-61
126

-167

196

131
1 022

-277

44

-158

571

-5

17

-155

-126

40

-153

135
998

-94

-41

19,689

103
293

95
728

196

-122

-1,877

693
472

-41

-91

17

-107

-1,072

71
502

166

5

382
566

-31

-67

194

-989

20
83

98

-114

-349

1990

-13

82

-73

-227

-347

1989

23
63

-1157

-245
-112

-213

1988

-11

-327
-111

-176

....

1982

1981

1980

246
56
g
189

Great Lakes
Illinois
Indiana
Michigan ...
Ohio
Wisconsin

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

1979

1978

22
691
-58
47
285
137

31
898
-67
49
305
70 .

-82
-185
-488
-170

-1,165

90
-224

406
114
-243
-190
-137
-289
-216
-188
-208

-1,795

263
-187

78
134
-219
-465
-174
-338
-278
-237
-289

-477

3,713
392

-259

-227

-4,773
-2625
-1 059

-6,065
-2585
-1 009
-1 109

-973

-1
-50
-3,421
-1 694

-3,822
-1 604

-3,968
-2342

-886
-561
-158
-613

-830
-161
-729

-822

-1,063

-1,086

-2,557
-1 026

-2820
-1 178

-2708
-1 282

-3,156
-1 212

-1 451
-1 298

94

-96

-983

715

134

-298

-172
-315
-231
-311
-314
-188

-494
-386
-273
-264
-129

-247
-630

-37

8

-3,060

-1216

-5246

-4,292

257

645
-93
771

-190
-307

120
-362
-675
-174
-484
-473
-248
-430

888
-423
-371

-88
-290

150
-228
-764

481

-266
-298
-975
-113
-301

351
-307

-39
22

-687
-886

933

579
-255
-502

273
-98
-149

-2145

248
-361

-97
189

-595
-326
-438
-689
-429
-452

-463

-635
-290
-339

-644
-478
-306
-833
-559
-461

-1 176

-1 509

-1 268

-1 296

-90

901
-350
-519

-50
-214

-80

-83

-94

103

94

122

132

1,190

539
64
7

591
26
-18

1,914

3,759

5,273

12,001

246
-59

415
204

427
360

487
414
922

1
71

-364

-277

-466

-146

1,263

748

946

2003

3606

4,632

10,178

-1,114

-1,217

-1,564

-1,466

-688

-270
-652
-101

-527
-631
-108

-878
-525
-136

-657
-702

-17
344

1,267
1 200

-464

-145

-279

-69

-476

-399

-83
-35
-36

-39
116
38

75
309
81
13,757
1,033
7,935

-78
-13

61
-12

-17
7

-78
-8
-21

2,893

4,879

5,982

1,362

6,482

9,269

37

-30

140

272

2,066

3,580

4,037

3,125

4,940

-44
180
257

-78
298
240
869

38
400
350

-91
146
12
417
227
652

443
710
601

440
898
439

1,082

1,463

2,279

2,478

397

-132

1,288

438
791

SURVEY OF CURRENT BUSINESS

84 • August 1994

U.S. total. Twenty States that have relatively
small GSP—mainly States in the West and in New
England—accounted for only 10 percent of the
U.S. total.
Sources of the Revisions
The revisions to the previously published estimates of current-dollar GSP for 1977-90 are
shown in table B. The revisions largely reflect five
sources. For 1990, State estimates of GSPO for all
industries and components now use as "control
totals" the revised estimates of GPO for the Nation that were released in November 1993.6 For
1983-90, the estimates of government GSPO reflect new source data that are used to exclude the
wages and salaries of Federal civilian and military personnel stationed abroad; government GPO
for the Nation includes such wages and salaries.
Summing these new State estimates of government GSPO resulted in revisions to total GSP for
the Nation; the new estimates accounted for all of
the revisions to total GSP for the Nation for 19836. When the State estimates are summed, the initial total of the State
estimates for an industry may differ from the national total for that industry;
in such cases, the difference is allocated to States so that the State total is
"controlled," that is, conforms to the national total.

89 and for the rest of the national revision for
1990. For 1984-90, the State estimates of nonfarm
proprietors5 income are based on new source
data.7 For 1977-79 and 1981-89, the estimates
of GSPO for the nonfarm housing component of
real estate were extrapolated back from 1980 and
interpolated between 1980 and 1990 using State
nonfarm personal income; previously, State personal income—which is affected by fluctuations
in farm income—was used for the extrapolation
and interpolation.8 For 1977-90, the estimates of
GSPO for "other" real estate reflect the incorporation of improved estimates of the rental income
of nonoperator landlords.
The sources of revision that contributed the
most to the revisions to the State estimates varied. For 1977-83, the major contributor was the
revisions to the real estate estimates; for 1984-89,
the revisions to the proprietors' income estimates;
and for 1990, the revisions to both the proprietors' income estimates and the national GPO
estimates.
Appendixes A and B and tables i and 2 follow. B
7. See "Local Area Personal Income: Estimates for 1990-92 and Revisions
to the Estimates for 1981-91," SURVEY 74 (April 1994): 127-50.
8. See "Gross State Product, 1977-90."

Appendix A—Industries for Which GSPO Estimates Are Available
1987
SIC
code

Agriculture, forestry, and fisheries
Farms
Agricultural services forestry, and fisheries

A
01-02
07-09

Mining .
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals except fuels
Construction

.

B
10
12
13
14

;

c

....

Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
..
Food and kindred products
Tobacco manufactures
..
..
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Railroad transportation
GSPO Gross state product originating
SIC Standard Industrial Classification




1987

SIC
code

D

...
.

...

;...

24
25
32
33
34
35
36
371
372-79
38
39
20
21
22
23
26
27
28
29
30
31
E
40

Local and interurban passenger transit
Trucking and warehousing
Water transportation
.. .
..
Transportation by air
Pipelines except natural oas
Transoortation services
Communications
Flprtrir na^ and sanitarv ^prx/irps

41
42
44
45
46
47
48
49

Wholesale trade

F

Retail trade

G

Finance, insurance, and real estate
Deoositorv institutions
Nondepositorv institutions

Hnlrlinn nffirp^ snH inx/psitmpnt ^prvipp^

Insurance carriers
Insurance aoents brokers and service
R0ai estate
Services
Hotels and other lodging places
Personal services
Business services
Auto repair services and parking
Miscellaneous repair services
Motion oictures
Amusement and recreation services
Health services
Leoal services
Educational services

^nrisl sprvirps snrl mpmhp.r^hin nrnsni73tinnQ

Other services
Private households
Government
Federal civilian government
Federal military government
State and local Government

H
60
61
62 67
63
64
65
I
70
72
73
75
76
70

7Q
on
81

82
83 86
84 87 89
88
J
91-96
97
91-96

SURVEY OF CURRENT BUSINESS

August 1994

Appendix B.—The Relation of Gross Domestic Product to Totai State Earnings by Place of Work and to
Gross State Product, 1991
[Billions of dollars]
Gross state product
Gross
domestic
product l

Compensation of employees:
Wages and salaries
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
Nonfarm:
Proprietors' income
IVA
CCAdj

2,815.2
290.6
296.9

State
earnings by
place of
work2

3

Compensation of
employees

2,801.1

4

Proprietors'
income with
IVA and CCA

IBT and
nontax
liability

Other,
mainly
capital-related, charges

2,799.6

2,799.6
5

6

296.6

7

44.4
-7.6

41. 8

327.7
0

327.7
0

11.8

11.8

283.9
296.6

283.9
6
296.6

-7.6

Total

44.4
(8)

44.4

327.7
0
(8)

327.7
0

Rental income of persons with CCAdj:
Rental income of persons
CCAdj

45.2
(8)

45.2

-57.9

Corporate profits with IVA and CCAdj:
Profits before tax
IVA
CCAdj
..

295.5
4.9
2.2

295.5
4.9
(8)

295.5
4.9

Net interest

515.3

515.3

515.3

Business transfer payments

45.2

26.3

Indirect business tax and nontax liability
Less: Subsidies less current surplus of government
enterprises
Consumption of fixed capital:
CCA:
Corporate
Noncorporate
Less: CCAdj:
Corporate
Noncorporate
Statistical discrepancy

26.3

-.3

385.5
180.5

-.3

-.3

385.5

385.5
180.5

180.5

2.2
-62.4

8

(8)

-8.6

26.3
476.6

476.6

476.6

'-IF

9.6

Total

5,722.9

3,471.4

1. For definitions of the line items shown in this table, see U.S. Department of Commerce,
Bureau of Economic Analysis, National Income and Product Accounts of the United States, Volume 2:1959-88 (Washington, DC: U.S. Government Printing Office, 1992).
2. Earnings is the sum of wage and salary disbursements, other labor income, and proprietors'
income.
3. Differs from the gross domestic product (GDP) entry because it excludes the wages and
salaries of Federal civilian and military personnel stationed abroad ($15.6 billion), includes other
statistical revisions not yet incorporated into GDP ($1.0 billion), and includes wages and salaries
paid to U.S. residents employed by international organizations and by foreign embassies and consulates in the United States ($0.5 billion).
4. Differs from the GDP entry because it excludes the wages and salaries of Federal civilian
and military personnel stationed abroad ($15.6 billion).
5. Differs from the GDP entry because it excludes employer contributions for social insurance
of Federal civilian and military personnel stationed abroad ($6.7 billion).

3,380.1

561.2

476.6

Data Availability
Detailed estimates of GSP in current and constant dollars for 1977-91 for
61 industries for States, BEA regions, and the United States are available on
a 31/2-inch, high-density diskette for $20. (Other types of diskettes are available on request.) The diskette includes either a DOS or a Windows program
so that selected records from the data files can be imported into computer
spreadsheets.
When ordering, please specify the BEA Accession Number—-61-94-40-421
for GSP with DOS or 61-94-40-423 for GSP with Windows. Send your order,
along with a check or money order payable to "Bureau of Economic Analysis," to Public Information Office, Order Desk, BE-SS, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230, For further
information or to order using MasterCard or VISA, call (202) 606-3700.




1,273.0

5,690.9

6. Differs from the GDP entry because it excludes other labor income of Federal civilian personnel stationed abroad ($0.3 billion).
7. Differs from the GDP entry because different data sources are used.
8. When income and capital consumption allowances are parts of the same aggregate, the
two associated entries for the capital consumption adjustment cancel. In the case or the capital
consumption allowance for buildings and equipment owned and used by nonprofit institutions serving individuals, there is no income, and the capital consumption adjustment of $8.6 billion is included in gross state product.
NOTE.—Not all line items of gross domestic product or gross state product are available by
industry.
CCA Capital consumption allowances
CCAdj Capital consumption adjustment
IBT Indirect business tax
IVA Inventory valuation adjustment

86 ® August 1994

SURVEY OF CURRENT BUSINESS
Table 1— Gross State Product for States and Regions by Component, 1977-91
[Millions of dollars]

State and region
United States:
Gross state product
Compensation ...
Proprietors' income
Capital charges .
Indirect business taxes

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1 955 748 2217053 2 466 360 2 684 793 3 008,658 3 144550 3382185 3 771 939 4 037 830 4 251 849 4548182 4911 706 5 232 032 5518482 5 690 865
1,169,853 ,325,095 1,487,941 1,634,862 1,804,591 1,903,717 2,016,876 2,212,827 2,368,226 2,508,423 2,682,201 2,904,359 3,082,662 3,277,860 3,380,109
481 613 517536 540 926 561 252
208150 237 250 261 619 262 770 283 531 283613 304 652 360,208 391,953 423 349 457,844
412270 476,901 528,066 575,204 671,259 700,795 780,553 889,424 947,741 974,577 1,043,151 1,140,391 1,217,143 1,255,649 1,272,924
249,277
165,475
177,807
188,734 211,957
256,425 280,104 309,480 329,910
345,500 364,986 385,343 414,691 444,047 476,580

.

New England:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

102990
65505
9180
18481
9824

116318
73668
10,455
21 710
10,485

128676
82822
11,549
23370
10936

141 197
92296
12108
25509
11284

155916
101,561
12,716
29,361
12,279

167518
109,345
13,040
32,215
12,918

185,648
118,674
15,192
37,660
14,124

210895
132,650
18,123
44,331
15,792

230 020
144,224
20,91 1
47,808
17,076

253018
156,910
24,196
53,057
18,855

277,749
172,267
26,798
58,468
20,216

303,694
189,829
29,249
63,152
21,464

319944
198830
29,793
68,318
23,002

327,043
203,795
30,580
68,420
24,248

331,974
203,637
31,382
71,225
25,730

Connecticut:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

29690
18461
2584
5600
3045

33466
20803
2900
6511
3251

37061
23575
3146
6,904
3,435

40633
26516
3256
7,419
3,442

44,750
29,238
3,426
8,202
3,883

48,413
31,521
3,498
9,175
4,219

53472
33,912
4,009
10,875
4,675

60,594
37,862
4,887
12,545
5,300

65,743
41,196
5,600
13,229
5,717

72,140
44,649
6,476
14,692
6,323

79,234
49,185
7,351
15,959
6,738

86,429
54,164
8,017
17,147
7,101

91,292
56,796
8,235
18,571
7,691

94,329
58,683
8,511
18,816
8,319

96,384
59,262
8,597
19,770
8,755

Maine:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

7491
4572
946
1 301
672

8325
5125
1,019
1 453
727

9191
5704
1,115
1 606
765

10,053
6340
1 124
1 768
821

10,957
6904
1,189
1 963
901

11,743
7,431
1,109
2236
968

12,918
7,976
1,326
2534
1,082

14,508
8,736
1,592
2950
1,230

15,593
9,311
1,890
3083
1,310

17,093
10,118
2,223
3318
1,435

18,993
11,176
2,385
3,844
1,587

20,895
12,389
2,476
4,305
1,724

22,415
13,369
2,637
4,547
1,863

23,007
13,903
2,664
4,494
1,945

23,241
13,856
2,765
4,580
2,041

Massachusetts:
Gross state product
Compensation
Proprietors' income
Capital charges
indirect business taxes

49018
31 928
3,940
8522
4628

55,367
35660
4,579
10217
4911

60998
39919
5,070
10988
5021

67,049
44408
5,414
12037
5190

74,154
48853
5,679
14171
5,452

79,404
52657
5,980
15317
5451

88,296
57473
7,002
17952
5,869

100,571
64645
8,116
21,351
6,459

109,880
70313
9,274
23269
7,023

120,856
76386
10,641
26145
7,684

132,250
83,598
11,815
28695
8,143

145,116
92,180
13,325
30922
8,689

152,301
95,928
13,214
33,985
9,174

154,208
97,737
13,589
33,512
9,371

156,090
97,404
14,077
34,567
10,042

New Hampshire:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

6264
3896
662
1 184
522

7305
4566
759
1417
563

8253
5233
865
1543
612

9106
5,845
900
1684
676

10173
6,507
964
1,945
757

11 126
7,099
1,007
2,155
865

12,667
7,872
1,232
2,594
969

14,806
8,805
1,579
3,319
1,102

16,675
9,820
1,959
3,707
1,189

18,587
11,002
2,330
3,890
1,365

20,760
12,218
2,448
4,617
1,477

22,444
13,501
2,533
4,813
1,596

23,170
14,049
2,644
4,693
1,784

23,616
14,138
2,628
4,917
1,933

24,404
14,000
2,737
5,566
2,101

Rhode Island:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

7119
4634
598
1,260
628

7887
5172
642
1,386
687

8755
5757
734
1,525
739

9547
6294
788
1,687
777

10,531
6,843
788
2,046
853

11,150
7,206
832
2,168
945

12090
7729
949
2,402
1,012

13,549
8,537
1,095
2,810
1,107

14,675
9,142
1,227
3,115
1,191

16,050
9901
1,431
3,408
1,310

17,366
10785
1,572
3,575
1,434

18,794
11,759
1,620
3,924
1,492

19,931
12,409
1,673
4,270
1,578

20,664
12,802
1,753
4,391
1,718

20,657
12,513
1,746
4,618
1,780

Vermont:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

3408
2013
450
615
330

3968
2342
556
725
346

4419
2634
618
803
364

4810
2,892
626
913
378

5352
3,215
670
1,034
432

5682
3,432
615
1,164
471

6204
3,712
673
1,303
517

6,867
4,064
854
1,356
593

7454
4,441
961
1,404
647

8292
4,854
1,095
1,605
738

9,147
5,306
1,226
1,778
838

10,016
5,837
1,277
2,041
861

10,835
6,280
1,391
2,251
913

11,219
6,532
1,434
2,290
962

11,198
6,602
1,459
2,124
1,012

387 495
247 066
33743
71 496
35190

432 825
272,864
38,549
84,272
37,140

474,052
301,003
42504
91647
38,899

511026
329,689
44037
96,326
40,974

561,500
360,695
46,676
109,407
44,722

594,818
383,371
48,884
114,544
48,019

648,422
408,003
54,360
132,549
53,510

717,479
445,739
62,646
149,540
59,554

775,366
477,598
69,301
164,123
64,344

839,198
512,412
77,591
179,408
69,786

908,066
554,209
84,573
195,224
74,060

5,669
3,672
529
1,125
342

6,255
4,091
577
1,216
371

6,798
4,510
609
1,291
387

7,371
5,033
590
1,345
403

8,160
5,419
658
1,656
427

8,790
5,829
687
1,809
465

9,800
6,211
751
2,299
539

10,746
6,688
871
2,567
620

11,929
7,189
914
3,103
723

13,061
7,616
1,011
3,706
729

14,786
8,416
1,063
4,481
826

16,261
9,269
1,163
4,885
944

18,354
10,140
1,235
6,001
979

19,664
10,732
1,235
6,635
1,063

21,274
11,116
1,262
7,683
1,214

District of Columbia:
Gross state product
Compensation
Proprietors' income
Capital charges .
Indirect business taxes

14038
11 168
827
1 486
558

15,476
12245
886
1,705
639

16,647
13382
937
1,675
652

17,867
14650
960
1,553
704

19,343
15,737
1,001
1,769
836

20,393
16,677
1,074
1,711
931

22,162
17,660
1,186
2,292
1,024

23,977
19,108
1,339
2,416
1,113

25,771
20,444
1,451
2,654
1,221

27,327
21,560
1,620
2,852
1,294

29,371
23,292
1,793
2,857
1,430

32,170
25,750
1,905
3,020
1,495

34,770
27,604
2,141
3,328
1,695

36,646
29,489
2,183
3,193
1,780

38,160
31,012
2,262
2,979
1,908

Maryland:
Gross state product
Compensation
Proprietors' income
Caoital charaes
Indirect business taxes

33895
22271
2944
5762
2918

37,771
24883
3248
6535
3105

41551
27560
3484
7294
3211

45103
30305
3512
7976
3310

50,271
33,457
3,849
9,361
3,604

53,216
35362
4143
9,868
3,843

58,879
38,464
4,541
11,550
4,325

66,475
42,535
5,683
13,467
4,790

73,790
46,399
6,698
15,512
5,181

80,718
50,259
7,696
17,080
5,683

88,790
54,974
8,517
19,201
6,097

97,009
60,280
8,782
21,436
6,511

103,989
64,638
9,636
22,685
7,030

109,202
68,677
9,956
23,312
7,258

111,874
69,924
10,376
23,970
7,603

New Jersey:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

65,902
41,522
5585
12046
6750

74,526
46,443
6377
14,633
7074

82,113
51,619
7020
16,067
7407

89,343
57,135
7263
16,982
7964

98,872
62,844
7,680
19,764
8585

105,871
67,541
8,105
20,763
9,461

117,844
73,263
9,187
24,474
10919

131,987
81,180
10,613
28,347
11,846

143,980
87,511
12,064
31,611
12,795

158,044
94,713
13698
35,511
14,122

171,774
103,468
14,542
38,926
14,839

190,550
114,047
16,234
44,424
15,845

201,129
120,042
16981
46,724
17,383

207,449
125,722
17,209
46,164
18,354

212,822
127,474
17,848
47,386
20,113

New York:
Gross state product
Compensation
Proprietors' income
Capital charges ,
Indirect business taxes

168330
104,893
14,076
32,134
17,227

187,323
114,767
16,412
38,097
18,046

204,417
125,937
18,369
41,294
18,816

221,815
138,586
19,752
43,672
19,805

244,120
152,562
20,923
48,788
21,847

262,927
164,904
21,935
52,848
23,240

286,124
176,372
24,575
59,831
25,345

315,562
192,858
27,547
66,432
28,724

341,015
207,264
29,957
72,692
31,102

369,400
223,742
33,386
78,567
33,706

398,315
240,833
36,902
84,679
35,901

428,687
261,926
37,617
91,867
37,276

444,937
274,227
36,082
93,984
40,645

466,827
289,251
40,145
94,307
43,124

475,961
290,629
42,949
96,787
45,596

Pennsylvania:
Gross state product ....
Compensation
Proprietors' income
Capital charges ......
Indirect business taxes

99,661
63,541
9,782
18,943
7,396

111,474
70,434
11,049
22,085
7,906

122,527
77,993
12,084
24,024
8,425

129,527
83,981
11,961
24,798
8,788

140,733
90,677
12,565
28,068
9,423

143,621
93,057
12,940
27,546
10,078

153,614
96,033
14,121
32,103
11,357

168,732
103,369
16,592
36,31
12,460

178,881
108,791
18,217
38,55
13,322

190,647
114,524
20,180
41,691
14,253

205,030
123,226
21,756
45,079
14,968

220,319
133,156
22,341
49,169
15,653

233,864
141,478
24,316
51,456
16,614

244,584
149,812
25,113
52,023
17,635

254,528
154,263
26,386
54,370
19,510

389,010
240,176
36,976
82,971
28,887

434,879
270,204
39,972
93,610
31.093

472,169
297,533
43,519
97,98
33.13

482,583
310,813
41.803
95,404
34,564

526,143
332,924
43,790
111,497
37.93

530,238
337,840
44,346
107,481
40,570

569,870
352,679
47,085
125,188
44,918

639,060
387,069
55,362
147,73
48,89

680,384
411,646
58,244
158,653
51.84

717,399
434,230
62,400
165,988
54,780

756,970
458,931
67,902
173,11'
57.027

808,135
495,856
70,001
182,496
59.782

859,411
523,278
75,680
195,998
64.455

891,410
552,455
77,898
193,089
67.968

913,777
568,570
79,641
192,922

Mideast:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes
Delaware:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

Great Lakes:
Gross state product ........
Compensation
Proprietors' income
Capital charges
Indirect business taxes




...

984,995 1,037,042 1,084,371 1,114,620
604,429 638,130 673,682 684,418
95,841
101,083
88,042
90,390
225,634 233,174
214,800 224,177
89,214
95,945
77,724
84,346

7S>fUA

SURVEY OF CURRENT BUSINESS

August 1994 •

8j

Table 1.— Gross State Product for States and Regions by Component, 1977-91—Continued
[Millions of dollars]
1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

Illinois:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

114,603
70,304
11,942'
23,319
9,039

127,865
78,544
12,856
26,898
9,568

139,412
86,052
14,303
28,794
10,263

144,657
91,233
12,989
29,530
10,905

158,212
98,195
15,147
33,137
11,732

161,317
101,397
14,732
32,729
12,459

170,337
104,992
15,840
35,661
13,843

190,261
114,924
18,246
41,758
15,333

202,306
120,898
19,131
46,270
16,007

214,239
127,872
20,179
49,325
16,863

226,333
136,220
21,647
50,929
17,537

242,585
148,056
22,424
53,407
18,698

258,852
156,149
24,147
58,272
20,284

270,503
165,909
25,210
57,483
21,900

279,283
171,215
25,881
58,844
23,343

Indiana:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

47,729
29,071
4,956
10,076
3,627

53,641
32,796
5,456
11,431
3,959

58,292
36,233
5,714
12,268
4,076

58,861
37,471
5,469
11,745
4,177

63,952
40,537
5,476
13,381
4,558

63,946
40,738
5,847
12,674
4,687

68,956
42,652
6,012
15,034
5,258

78,308
46,567
7,281
18,491
5,968

82,033
49,125
7,565
18,973
6,370

87,035
51,657
8,084
20,614
6,680

92,827
55,260
8,717
21,987
6,863

99,095
59,801
8,515
23,505
7,273

107,565
63,546
9,895
26,339
7,786

111,164
67,165
10,146
25,685
8,168

114,211
69,950
9,628
25,865
8,769

Michigan:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

89,004
56,125
6,687
19,997
6,195

99,299
63,664
7,197
21,681
6,757

105,322
69,759
7,544
20,696
7,323

103,083
70,680
7,473
17,109
7,820

112,702
74*636
7,649
21,614
8,804

111,136
73^965
7,677
20,397
9,097

123,683
78^047
8,370
27,407
9,859

139,990
86*577
9,820
32,863
10,730

1 52,334
95014
10^490
35,457
11,373

160,318
101*144
11 ',355
35,713
12,106

167,004
105*176
12*,402
36,561
12,864

176,023
112*791
12*,486
37,836
12,910

184,655
119*221
13',695
37,668
14,071

187,155
124*048
13',582
35,007
14,518

189,445
125*946
HQOI
34,062
15,436

Ohio:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

97,411
60,981
8,614
20,918
6,897

108,698
68,240
9,321
23,697
7,439

118,767
75,266
10,099
25,511
7,892

122,803
79,118
9,946
25,818
7,921

133,889
84,920
9,598
30,579
8,793

134,644
85,896
10,190
28,869
9,688

144,239
89,594
10,908
32,965
10,772

160,932
98,169
12,759
38,690
11,314

170,335
103,884
13,560
40,766
12,125

178,762
108,541
14,853
42,490
12,879

189,217
114,334
16,433
45,215
13,235

202,219
123,147
17,712
47,412
13,949

213,979
129,315
18,199
51,555
14,910

223,058
136,155
18,933
52,288
15,682

228,109
139,554
19,983
51,716
16,856

Wisconsin:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

40,263
23,695
4,777
8,661
3,130

45,376
26,960
5,143
9,903
3,370

50,376
30,222
5,860
10,718
3,576

53,178
32,311
5,926
11,202
3,740

57,387
34,637
5,920
12,786
4,044

59,195
35,845
5,900
12,812
4,639

62,655
37,393
5,955
14,121
5,185

69,569
40,832
7,256
15,930
5,551

73,376
42,726
7,497
17,187
5,965

77,043
45,015
7,930
17,846
6,251

81,590
47,940
8,702
18,419
6,528

88,213
52,062
8,864
20,336
6,951

94,360
55,047
9,743
22,164
7,405

99,530
59,177
10,027
22,626
7,700

102,729
61,906
10,148
22,435
8,241

147,002
82,960
22,193
30,953
10,895

167,606
93,823
26,864
35,012
11,907

186,837
105,715
28,156
40,166
12,799

195,083
114,809
23,309
43,312
13,653

219,056
124,662
28,867
50,353
15,175

223,369
129,960
28,315
48,907
16,188

234,628
136,725
27,392
52,251
18,261

264,717
149,102
34,800
60,761
20,055

278,893
157,040
35,576
65,229
21,048

288,876
164,477
36,731
65,545
22,122

305,688
174,460
40,037
68,080
23,111

323,970
187,272
40,932
71,144
24,622

348,445
198,545
44,967
78,911
26,023

367,980
211,151
46,886
82,437
27,506

379,866
220,323
47,309
82,599
29,635

Iowa:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

26,135
13,539
4,610
6,311
1,676

30,269
15,082
6,206
7,169
1,811

32,821
16,887
5,845
8,076
2,013

33,775
18,055
5,030
8,516
2,175

37,817
19,200
6,386
9,913
2,318

36,282
19,238
5,770
8,763
2,511

35,996
19,741
5,286
8,176
2,794

40,314
20,901
6,749
9,666
2,998

41,510
21,370
6,660
10,361
3,119

42,364
22,014
6,616
10,412
3,322

44,235
23,499
7,277
10,009
3,450

46,776
25,545
7,351
10,329
3,551

51,780
27,343
8,288
12,400
3,748

54,800
29,246
8,554
13,022
3,979

56,032
30,630
8,443
12,679
4,280

Kansas:
Gross state product
Compensation ...
Proprietors' income
Capital charges
indirect business taxes

20,261
11,096
2,995
4,490
1,680

22,592
12,648
2,982
5,083
1,879

26,137
14,435
3,796
5,938
1,967

27,817
15,988
2,995
6,682
2,152

31,519
17,651
3,582
7,756
2,531

33,023
18,447
4,003
7,994
2,578

34,757
19,247
3,874
8,818
2,818

38,205
20,936
4,832
9,298
3,139

40,240
21,883
4,976
10,043
3,338

41,009
22,907
5,093
9,530
3,479

43,766
23,949
5,570
10,679
3,567

46,291
25,473
5,721
11,157
3,939

47,939
26,824
6,055
11,153
3,906

51,691
28,496
6,225
12,807
4,163

53,281
29,842
6,437
12,361
4,640

Minnesota:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

35,690
20,998
5,114
6,791
2,787

40,542
24,045
5,690
7,749
3,058

45,801
27,471
5,793
9,288
3,249

49,049
30,078
5,671
9,924
3,376

53,743
32,683
6,003
11,400
3,658

55,789
34,288
6,031
11,346
4,124

59,568
36,329
5,931
12,434
4,874

68,235
40,374
7,544
14,797
5,519

72,248
43,016
7,778
15,661
5,793

75,982
45,548
8,116
16,216
6,102

81,493
48,908
8,799
17,363
6,423

87,555
53,018
9,164
18,462
6,911

95,418
56,410
10,331
21,196
•7,481

99,751
60,196
10,863
20,881
7,810

103,301
62,920
10,958
21,011
8,413

Missouri:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

41,096
24,899
4,854
8,564
2,780

45,987
27,994
5,481
9,489
3,023

50,861
31,110
6,357
10,154
3,241

52,528
33,443
5,504
10,285
3,296

57,813
36,277
6,363
11,693
3,480

59,895
38,160
6,236
11,768
3,731

65,035
40,709
6,639
13,340
4,346

73,757
44,796
8,016
16,193
4,752

78,983
47,820
8,489
17,565
5,108

83,855
50,445
9,199
18,701
5,511

88,764
53,427
9,852
19,788
5,697

93,737
56,922
10,029
20,715
6,070

99,305
60,090
10,687
22,062
6,466

103,172
63,197
11,311
21,846
6,817

106,214
65,133
11,653
22,159
7,268

Nebraska:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

13,558
7,350
2,246
2,851
1,110

15,672
8,221
3,079
3,199
1,173

17,132
9,250
2,968
3,659
1,255

17,687
10,099
2,137
4,147
1,304

20,549
10,950
3,303
4,869
1,427

20,583
11,486
2,993
4,581
1,523

21,156
24,005
11,954
12,912
2,742
3,574
4,771
5,751
1,689 „ 1,768

25,378
13,518
3,546
6,463
1,852

25,691
• 13,938
3,593
6,188
1,972

26,498
14,621
3,933
5,823
2,122

29,003
15,683
4,124
6,987
2,209

31,054
16,671
4,473
7,538
2,372

33,648
17,964
4,623
8,474
2,587

35,281
18,969
4,659
8,904
2,749

5,189
2,651
1,115
1,015

6,517
3,043
1,868
1,134

7,313
3,453
1,660
1,658

7,625
3,795

778

10,904
4,935
2,156
2,704
1,110

10,837
5,018
2,155
2,626
1,038

9,607
5,406
2,272

541

10,067
4,789
1,522
2,696
1,059

10,209
5,182
2,368
1,714

472

10,146
4,598
1,787
2,697
1,064

9,880
5,024
2,102
1,849

409

10,124
4,301
1,712
2,990
1,121

905

944

933
996

10,789
5,639
2,575
1,514
1,061

11,990
5,982
2,703
2,181
1,124

12,045
6,305
2,561
1,995
1,183

5,072
2,428
1,260

6,027
2,790
1,557
1,190

6,772
3,109
1,737
1,393

6,602
3,352
1,150
1,529

7,491
3,600
1,518
1,734

7,652
3,744
1,495
1,757

8,051
3,956
1,397
2,018

9,299
4,249
1,929
2,352

9,697
4,416
1,972
2,509

10,094
4,601
2,012
2,650

10,723
4,874
2,237
2,703

11,001
5,224
2,272
2,560

12,159
5,567
2,558
3,047

491

534

571

640

656

680

769

800

831

908

945

987

12,929
6,070
2,608
3,226
1,025

13,712
6,524
2,597
3,489
1,102

383,241
223,989
41,274
86,789
31,190

437,641
255,828
47,870
99,451
34,492

488,300
288,234
52,083
110,583
37,400

538,158
320,537
52,017
123,283
42,321

607,305
356,527
57,076
143,489
50,213

636,045
377,692
54,636
152,075
51,642

691,557
404,171
58,761
170,464
58,161

775,552
445,395
69,853
195,964
64,341

829,972
478,111
75,485
207,493
68,883

878,576
509,474
81,489
215,581
72,032

951,228
549,697
89,837
234,708
76,986

1,029,294
594,690
92,007
260,894
81,703

1,095,950
632,625
98,833
276,296
88,195

1,156,954
675,181
103,003
284,442
94,329

1,208,921
700,997
106,883
298,954
102,088

Alabama:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

26,049
16,000
2,744
5,661
1,645

29,753
18,200
3,200
6,450
1,902

32,788
20,173
3,497
7,014
2,105

35,296
21,981
3,275
7,754
2,287

39,139
23,818
3,667
8,950
2,705

40,561
24,754
3,394
9,649
2,765

44,145
26,410
3,615
11,129
2,991

48,933
28,774
4,465
12,271
3,423

52,267
30,955
4,844
12,901
3,567

55,119
32,816
5,302
13,294
3,707

59,545
35,045
5,882
14,778
3,843

63,584
37,613
5,748
16,211
4,012

67,117
39,845
6,290
16,681
4,302

70,594
42,563
6,428
17,041
4,563

73,956
44,673
6,742
17,732
4,808

Arkansas:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes

14,818
7,988
2,424
3,487
919

17,379
9,166
3,137
4,058
1.019

18,910
10,268
3,160
4,390
1.092

19,873
11,182
2,635
4,840
1.216

22,221
12,222
3,124
5,485
1.390

22,710
12,732
2,632
5,930
1.416

24,490
13,714
2,686
6,534
1.556

27,898
15,048
3,351
7,614
1.885

28,852
15,876
3,526
7,475
1.975

30,179
16,766
3,678
7,667
2.069

32,078
17,623
4,099
8,252
2.103

34,356
18,826
4,223
9,108
2.199

36,424
19,920
4,478
9,703
2.323

38,376
21,473
4,621
9,853
2.428

40,561
22,744
4,688
10,451
2.678

State and region

Plains:
Gross state product ..
Compensation
Proprietors' income
Capita! charges
Indirect business taxes

North Dakota:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes
South Dakota:
Gross state product
Compensation ...
Proprietors' income
Capital charges
Indirect business taxes
Southeast:
Gross state product ..
Compensation
Proprietors' income
Capital charges .....
Indirect business taxes




931
453

822
2,229

88 • August 1994

SURVEY OF CURRENT BUSINESS
Table 1.— Gross State Product for States and Regions by Component, 1977-91—Continued
[Millions of dollars]
1977

State and region

1978

Florida:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

63338
38059
7029
12,253
5997

73790
44152

Georgia:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

108887
66833
10547
21,955
9552

118130
72439
9502
25,676
10512

132811
79449
10709
30,705
11 948

149 726
88846
12660
34,539
13681

163508
97079
14003
37,139
15287

178536
105418
15666
40,567
16885

197054
116223
18007
44,126
18698

213937
127089
17851
48,099
20898

231 022
136 177
19424
52,822
22599

244 527
146264
20713
53,059
24491

255129
150804
21 874
56,448
26003

66784
42740
14697
4,468

75,340
46904
5526
17,792
5,118

87,229
53141
6929
21334
5,825

96,154
58572
7757
23344
6,481

106,073
63888
8890
26354
6,941

115,171
69321
10042
28208
7,600

124,587
74919
10,380
31,148
8,139

131,080
78905
10703
32,257
9,215

137,064
84026
11,250
31,722
10,067

143,643
86929
11 742
34,276
10,696

14,675
6764

84108
50801
9085
16,758
7465

95851
58699
10057
18,874

40,332
24948
3782
8800
2802

46247
28367
4544
10125
3,211

51346
31895
5042
10959
3449

55,608
35592
11798
3,737

62,321
39645
5076
13470
4,129

Kentucky:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

28456
15161
3665
6,859

31 782
17263
4005
7,502

35086
19433
4305
8,129

2771

3013

3219

36553
20,617
4,341
8,224
3370

40390
22351
4,958
9,535
3546

41396
23199
4,587
9,876
3734

43,176
23,958
4,518
10,431
4270

48,382
26,012
5,398
12,428
4543

50,110
27,249
5,586
12,575
4700

52,313
28,379
5,900
13,155
4879

55536
30,445
6,242
13,924
4924

59,501
32,655
6,301
15,504
5042

63,694
34,682
6,857
16,884
5272

67,028
37,282
7,145
16,960
5642

69,839
38,982
7,199
17,390
6268

Louisiana:
Gross state product
Comoensation
Proprietors' income
Capital charges
Indirect business taxes

39,914
18380
4465
13471
3599

45,392
21 430
4820
15,307
3,836

52,322
24403
5706
17923
4,291

64,652
28317
6300
23234

78,804
34428
6858
28,309
9,210

78,227
34312
6845
28,166
8,904

83,460
36022
7293
30,833
9,311

84,864
36496
7695
31371
9,302

73,123
35089
6894
23,209
7,931

75,205
35015
7339
24,657
8,194

82,581
37009
7,839
29,720
8,013

84,314
38530

6801

77,677
32731
6838
27,434
10,674

29,184
8,472

91,784
41,696
8,371
33,017
8,699

95,377
44215
8,820
31,850
10,492

Mississippi:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

16215
8698
2306
3897
1,314

18261
9866
2,403
4,565
1,427

20891
11028
2,929
5,427
1,508

22062
11987
2489
5,936
1,649

24773
13207
2,764
7,010
1,793

25284
13757
2,649
7,008
1,870

26106
14,336
2,687
7,009
2,074

29252
15,387
3,273
8,203
2,389

30655
16182
3370
8,588
2,516

31 089
16,860
3,555
8,077
2,597

33743
17669
3,920
9,513
2,641

35964
18,964
3,874
10,270
2,856

37619
20,154
4,168
10,216
3,081

39471
21346
4,280
10,558
3,287

41,481
22,327
4,396
11,158
3,600

North Carolina:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

50,401
29,433
5428
11 475
4065

54,938
33,032
5337
12269
4299

59,067
36,349
5378
12948
4392

65,893
40,209

68,279
42,270
5627
15261

77,333
46,223
6335
18021
6754

87,712
51,558
7549
21,438

95,305
55,741

104,333
60,057
8968
27090
8218

113,246
65,475
9572
29292
8908

123,811
71,174
10013
33222

. .

44048
25,957
4499
9830
3762

133,458
76,079
10877
36778
9,724

140,630
80,612
11 220
38505
10293

147,520
83,395
11 500
41 351
11 274

22705
14768
2086
4365
1 487

25282
16613
2322
4766
1 581

27315
18411
2,157
5043
1 704

30 579
20,385
2,416
5887
1 891

31 864
21,283
2,324

2059

35295
23094
2,586
7250
2365

40158
25,542
3,075
8935
2,606

42492
27046
3,332
9243

. . .

19723
13010
1 773
3622
1 317

2871

46300
28858
3,529
10587
3325

50848
31,112
4,086
12014
3637

55306
33,893
4,304
13363
3745

59,245
36,508
4,604
13,983
4,149

63,706
39,309
4,928
15,019
4,450

66,408
40,409
5,192
16,202
4,604

Tennessee:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

33440
19,889
3,646
7303
2603

38052
22865
4,282
8022
2884

42130
25,491
4,664
8900
3074

45077
27,593
4,668
3205

50135
30,261
4,989
11 382
3504

51 623
31,460
5,171
11 306
3,686

56287
33,580
5,606
13021
4080

63,315
36,926
6,835
14,798
4,756

67892
39,519
7,434
15704
5235

73370
42,456
8,232
16953
5728

80781
46,281
9,030
19293
6,177

86,501
49,986
9,295
20,715
6,504

91,598
53,022
10,066
21,528
6,982

95,234
56,268
10,371
21,208
7,387

100,804
58,858
10,617
23,424
7,905

Virginia:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business- taxes

42356
27327
3396

47850
30739

8178

9267

65130
42718
4809
12859
4744

69775
46087
4,973
13,653
5063

77557
50029
5,729
15,477
6322

86,890
55,248
6,874
17,966
6802

7194

104457
65420
8454
22 880
7703

113936
71733
9,245
24,622
8336

123,518
78,159
9,656
26,743
8960

133,465
83,889
10,540
29,126

3741

58037
38351
4358
10975
4353

94745
60178
7554
19,819

3455

52960
34450
4289
10253
3967

9911

140,362
88,374
10,884
30,524
10530

145,189
91,114
11,210
31,623
11 242

West Virginia:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

14,551
8572
1 544
3428
1,007

16,029
9580
1 666
3638
1,144

17,540
10646
1 749
3794
1,351

18,768
11 458
1 878
4,046
1,386

20,158
12146
4,618
1,539

20,835
12,544
2,039
4,512
1,739

20,791
12,163
1,918
4,931
1,779

22,598
12,890
2,150
5,603
1,954

23,128
13,220
2,217
5,700
1,992

23,684
13467
2,420
5,747
2,050

24,086
13,755
2,374
6,031
1,925

25,649
14,404
2,520
6,791
1,933

26,914
14,914
2,698
7,135
2,167

28,180
15,971
2,792
6,975
2,441

29,014
16,546
2,903
7,049
2,516

186,818
97355
23081
50,093
16288

214,860
113709
25441
57,439
18273

248,659
132296
29787
65,948
20629

293,713
153260
31,252
82,169
27033

350,039
178953
35,058
99,215
36813

369,580
194,725
35,214
104,485
35156

379,696
201,566
36,359
106,002
35,770

416,563
219,628
41,850
115,268
39818

438,607
233,821
45,450
117,424
41,913

421,026
236,304
45,046
99,128
40,547

432,723
241,888
48,051
100,038
42,745

468,322
256,850
51,382
115,013
45,076

496,254
271,254
55,730
121,486
47,784

533,961
291,745
58,287
132,204
51,725

553,604
308,765
61,525
128,215
55,099

18796
11 145
2006
3877
1 769

22438
13287
2297
4824
2030

26671
15917
2634
5837
2284

29542
18,012
2824
6,357
2,349

32765
20,297
2942
7,109
2,418

33675
21 180
2696

38,224
23,151
3,083
9,070
2,920

44174
26,279
3570
10,591
3,734

48702
29,302
3989
11,162
4,250

53808
32081
12616

57784
34450
4,843
13359

4710

5131

62,179
36,971
5,089
14,628
5,492

65097
38,846
5,470
14,740
6,042

67,752
40,884
5,598
14,814
6,456

69,767
42,592
5,889
14,403
6,882

10169

11 774

13547

5431

6251

7113

22099
11 021
1 869
6,557

1900

2218

5592
2268

5359
2626

5,405
2649

30250
15904
2692
8,436

2651

25168
13944
2437
6028
2760

27101
14977
2487
6,526

2213

23064
11 752
2000
6850
2462

1876

4841
1939

20214
10174
1 711
6,116

23476
13204

1 463
3528
1 442

19 797
9644
1 769

22359
12474

1 308
2997
1 218

19111
8977
1 704
5,855
2575

21 797
12060

1 154

16352
7925
1 647

3111

3219

31,950
16,906
4,669

38,143
19,905
4,771
10547
2920

45,817
23,402
5,174
13193
4048

49,735
25,894
5,376
14548

47,652
25,465
5,239
13103
3,845

50,321
26,679
5,721
13693
4228

51 176
27,140
5,707
13992
4337

47,268
26,559
5,427
11 218
4065

47,912
26,526
5,751
11 603
4032

50,889
27,821
5,891
12920
4257

53,392
29,212
6,451
13260
4469

56,942
31,102
6,709
14403
4728

57,914
32,608
6,874
13549
4883

South Carolina:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

..

Southwest:
Gross state product
Comoensation
Proprietors' income
Capital charges
Indire'l business taxes
Arizona:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes
New Mexico:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

2521

1 062

8198

4102

8221

4481

9611

6031

14906
4747

1856

4881

5121

6199

7314

2,485

6102
2281

7166

8167

23634
7763

4401

9401

8129

Oklahoma:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

23966
12684
3,415
1 735

27,405
14,668
3,685
7097
1 955

Texas;
Gross state product
Compensation
Proprietors' income
Capita! charges
Indirect business taxes

133886
68095
16507
37564
11 721

153243
79502
18,151
42521
13069

176491
92359
21 021
48403
14707

209 677
107417
22010
60424
19825

252 346
126277
25,238
73058
27772

266 374
138006
25372
76522
26473

273607
142776
26,326
77714
26792

299 969
155648
30691
84426
29204

315665
165627
33753
85421
30864

298 152
165603
33342
69702
29505

304 668
168439
35557
69716
30956

331 777
178854
38,184
82059
32679

352 597
189252
41,372
87459
34514

382 167
204 782
43,493
96461
37430

395 673
217661
46,070
91 827
40,115

54032
30610
6974
11 953
4.495

63,270
35644
8,361
14166
5.100

72,224
41 066
8783
16505
5.870

82,635
46281
9623
19763
6.968

94,569
52681
10,010
23083
8.795

99,039
56489
10,157
23179
9.215

104,988
58916
10417
25899
9.756

114,311
63803
11,905
27877
10.726

118547
67066
12420
27995
11.066

118,445
68250
12873
26327
10.994

121,720
69772
13897
26984
11.067

129,743
73886
14874
29754
11.229

138,422
78469
16228
31 777
11.949

147,820
84560
16699
33741
12.820

156,395
90668
17,475
34675
13,578

Rocky Mountain:
Gross state product
Compensation
.
Proprietors' income
Capital charges
Indirect business taxes

6132

. ..




8180
2196

3917

SURVEY OF CURRENT BUSINESS

August 1994 •

89

Table 1.— Gross State Product for States and Regions by Component, 1977-91—Continued
[Millions of dollars]
1977

1978

1979

1980

1981

1982

1983

Colorado:
Gross state product
Compensation ....
Proprietors' income
Capital charges .
Indirect business taxes

24,574
14,788
2,907
4,800
2,079

28,607
17,269
3,308
5,702
2,329

32,828
20,140
3,602
6,438
2,648

37,387
23,053
3,935
7,511
2,888

42,784
26,652
4,104
8,688
3,340

46,312
29,347
4,310
9,053
3,602

49,922
30,851
4,679
10,461
3,931

54,537
33,623
5,177
11,276
4,461

57,103
35,451
5,379
11,568
4,705

58,240
36,435
5,450
11,488
4,867

60,160
37,323
5,990
11,643
5,204

Idaho:
Gross state product
Compensation ....
Proprietors' income
Capital charges .
Indirect business taxes

7,151
3,915
1,144
1,646
446

8,268
4,463
1,442
1,864
499

9,047
4,973
1,476
2,054
543

9,749
5,335
1,692
2,181
542

10,579
5,821
1,686
2,504
569

10,575
5,892
1,564
2,525
594

11,822
6,275
1,593
3,224
729

12,596
6,747
2,001
3,049
799

13,001
7,073
2,046
3,055
826

13,189
7,125
2,169
2,999
896

6,446

7,648
3805
1,401
1 848
594

8,401
4259
1,223
2245
675

9,284
4597
1,236
2668
783

10,583
5046
1,478

10,702
5227
1,569

3150

2881

909

1 026

10,982
5463
1,315
3 111
1 093

11,430

1,013
1 584
535

10,986
5760
1,575
2460
1 191

10224

11 880

13615

15209

6140

7138

8152

9104

1,207

1,453
2956

1,507
3378
1 219

17279
10327
1,493
3967
1,491

18377
11 063
1,525
4249
1 540

19891
11 692
1,768
4755
1675

22393
12938
2,041
5483
1 931

24009
13781
2,212
5892

807

1,323
2487
931

5636
2453
702
1,854
627

6,867
2969
887
2,265
746

8333
3543
1 028
2,811
951

11,006

13,344
4835
1,249
4,774
2,486

13,073
4960
1 190
4,472
2452

12,372
4636
1 062
4,347
2327

13,355
4795
1 160
5,059
2342

13,448

1 253
4,025
1 536

305,161
182192
34730
59533
28705

349,654
209355
39,739
71 243
29,317

395,443
239 273
45,238
81 862
29070

440,397
267 177
48,622
89438
35160

494,130
296 588
49,339
104855
43,348

523,942
314 296
49021
117908
42717

567,375
336 143
55,087
130540
45605

633,362
369442
65,670
147953
50298

686,041
398 719
74566
159016
53740

735,312
426 365
83023
169542
56382

794,038
460 977
86749
186539
59773

863,554
501 547
95127
203 139
63742

Alaska:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

7405
4730
680
1 341
655

9033
4,522
820

10907
4689
977

23816
7355
1,664
9487
5,309

23187
8,094
1,635
9468
3,990

24812
8490
1,732
10731
3858

25 753
8663
2,110
11134
3,845

21 328
8305
1,852
7926
3,245

21 786

4196
1045

22286
6,353
1,644
7763
6,526

21 123
7890
1,929

2931

15619
5,317
1,322
5483
3,497

California:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

224 523
133386
26038
43,309
21 791

255,549
153243
29604
51,229
21 474

287,813
175096
33925
58,469
20322

319,804
196042
36,195
63,996
23571

358,886
218480
36,874
75,649
27883

382,239
232810
36,629
85,300
27501

416,072
250 590
41,642
93,598
30242

468,036
278 244
49658
106,209
33925

511,087
302 328
55998
116,166
36595

Hawaii:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

8783
5854
697
1 400
832

9772
6534
698
1 666
874

11 036
7273
886
1 891
985

12351
1,160
1 991
1 069

13215
8775
1,028
2243
1 168

14125
9350
1,110

15506
10,010
1,288
2857
1 352

16687
10628
1,569
3068
1 422

Nevada:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

7299
4445
699
1 518
638

8978
5455
847
1 908
769

10328
6402
895

13241
8329
974
2930
1 009

13833
8653
1,000

844

11 721
7360
989
2494
878

15100
9096
1,176
3599
1 230

Oregon:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

22008
12836
2675

28497
17019
3395
6473
1 610

30022
18305
3544
6,433
1 740

31 170
19'l90
3447
6563
1 970

31 096
19209

1 368

25285
14944
3037
5805
1 499

Washington:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

35,142
20941
3,942
6837
3,421

41 037
24657
4734
7704
3,942

46863
28 794

50,879
32024
5,411
9040
4,404

55333
35460
5372
9707
4,793

58833
36918

State and region

Montana:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes
Utah:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes
Wyoming:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes
Far West:
Gross state product
Compensation
Proprietors' income
Capital charges
Indirect business taxes

3314

2071

5128

759

1054

2188

5160

8645
4,264

4193

8130

NOTE.—The GSP estimates are consistent with the estimates of gross product by industry for the Nation that
were published in the November 1993 SURVEY OF CURRENT BUSINESS.




2441

1 224

3061

1 119

3431

6374
2081

5187

11 244
5483

1984

5701

1,526
3009
1 194

1985

2124

5001
1208

5,020
2219

1986

1987

1989

1990

1991

64,021
39,335
6,659
12,811
5,215

67,971
41,607
7,097
13,676
5,591

72,669
44,605
7,418
14,574
6,072

76,921
47,773
7,814
15,040
6,293

13,899
7,395
2,326
3,213
966

15,166
8,028
2,460
3,655
1,024

17,065
8,703
2,896
4,331
1,136

18,156
9,570
3,021
4,349
1,217

19,047
10,280
3,101
4,338

11,351
5680
1,927
2566
1 177

11,764
5822
2,051
2694
1 197

11,885

13,161
6489
2,334
3092
1 247

13,406

2,104
2427
1 193

14,419
7425
2,384

24344
14227
2,295
5550
2272

24915
14770
2,408
5720

27008
15750
2,396
6598
2264

28602
16902
2,670
6630
2399

30913
18354
2,749
7333
2477

33078
19772
2,906
7695
2705

11,320
4782

10,983
4462
1 123
3,715

11,662

12,675

12,931

5113
1221

5418
1270

1683

1534

11,623
4768
1 230
4,048
1 576

4,616
1 724

4,406
1 837

1031

3,724
1 782

2017

1988

6161

4611

1 255
4,263

6917

2,290
2870
1 329

1328

3195

1 415

936,564 1 008 942 1 031 709
541 532
585 291
602 732
111 731
105916
115955
220 180
235 681
231 160
68936
76238
81 862

2,286

23489
9085
2,556
9275
2,574

27303

2,376
8583
2,707

2,696
11 686
3,300

26212
10184
2,904
9800
3,324

552,355
324 760
62333
126,683
38579

598,992
352 785
65258
139,156
41 793

650,246
383455
70975
151,604
44212

702,723
411 647
78,555
164,753
47768

752,665
442 081
83518
174,717
52349

763,577
450 250
86110
170,712
56504

17985
11284
1,851
3327
1 523

19621
12016
2,175
3746
1 684

21 354
13088
2,390

26495
15,924
3,162

4013

23993
14,383
2,817
4636

1 863

2156

2298

29087
17700
3,200
5583
2604

30802
18,924
3,300
5808
2770

16730
9854
1,471
4025
1 380

18283
10634
1,767

20000
11 460
2,064
4847

22054
12631
2305
5346
1 771

25745
14304
2,685
6800
1 956

28892
16080
3054
7595

31 830
17994
3323
8095

33322
18953

2164

2417

33 820
20*056
3698
7768
2298

37616
21*727

39582
22874
4791
9156

9719

45097
25674
5657
10589

52803
30559
6658
11 925

2562

2760

2970

3177

49079
28141
5994
11651
3292

56217
33306
6724
12188
4000

58799
34959

4411
8916

63 691
38298
5649
13250
6494

69480
40498
6829
15003

73352
42935
8049
14882
7485

79976
45808
9274
16621
8274

85418
48909

92704
53142
10280
19864

102161
58237
11 930
21 521
10,472

1 1 1 839
64590
12269
23413
1 1 568

118997
69 461
13028
24 141
12366

7150

4351

1 532

1628

42031
24016
5325

9018

9210

18416
8883

8121

9419

5111

3661

9621

3601

8 142
2627

7013

12556
4270

9O • August 1994

SURVEY OF CURRENT BUSINESS

Table 2.—Gross State Product for States and Regions, by Industry for Selected Years in 1977-91
[Millions of 1987 dollars]
1977

|

1982

|

1987

1988

1989

1990

1991

||

1977

1982

United States
Total gross state product
Farms
Agricultural services forestry, and fisheries
Mining
. . . .
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1987

1988

Total gross state product

Total gross state product

Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

3,738,155

4,548,182

4,731,458

4,836,446

4,888,324

4,883,224

185,066

206,405

277,749

292,611

296,506

290,280

285,140

53,834
9,818
83,518
190,817
741,551
440,892
300,659
314,312
170,078
317,980
596,536
538,895
103,095
54,082
304,001

60,226
13,101
73,054
164,873
711,118
392,397
318,721
331,282
218,241
336,757
708,428
629,185
104,786
56,199
330,905

66,047
22,493
83,044
213,038
877,827
501,898
375,929
419,842
303,072
441,758
809,744
782,544
108,881
59,910
359,982

63,201
21,857
94,249
211,720
923,545
536,361
387,184
437,082
311,329
469,681
846,461
812,819
112,426
59,511
367,577

66,221
21,731
83,277
213,103
932,242
543,187
389,055
449,450
324,549
483,916
865,477
845,742
114,473
59,227
377,038

71,604
24,155
91,836
210,154
928,483
536,998
391,485
462,640
319,543
478,080
868,306
869,360
117,417
58,536
388,210

70,387
26,990
91,525
194,522
908,011
525,513
382,498
478,087
326,372
474,137
878,390
866,693
117,853
58,174
392,083

732
559
160
7,758
43,126
28,680
14,446
14,781
8,750
16,656
36,490
33,511
4,651
1,773
16,119

855
693
150
7,834
47,481
31,749
15,732
14,157
11,241
17,723
44,207
38,960
4,814
1,921
16,371

1,182
1,547
289
15,231
58,222
40,242
17,980
19,443
18,717
27,829
56,660
53,103
4,269
2,035
19,223

1,160
1,477
304
15,233
60,250
42,213
18,037
19,591
19,677
30,074
61,249
57,016
4,354
2,031
20,195

1,009
1,420
261
13,685
61,585
43,654
17,931
20,004
20,247
30,195
62,728
58,390
4,423
1,994
20,563

1,117
1,453
211
11,372
60,592
43,383
17,209
21,052
19,117
28,317
60,794
58,785
4,483
1,978
21,010

1,166
1,570
193
9,553
59,766
42,719
17,047
22,230
18,957
26,824
61,085
57,379
4,313
1,868
20,236

Maine

53,107

59,721

79,234

83,340

84,692

83,785

82,684

13,357

14,413

18,993

20,066

20,633

20,422

19,942

151
112
61
2,150
14,364
10,418
3,946
3,974
2,510
4,492
10,651
8,711
1,634
493
3,805

169
165
65
2,167
15,150
10,686
4,464
3,957
3,482
4,919
13,493
9,750
1,787
500
4,117

251
333
107
4,218
17,530
12,607
4,923
5,686
5,563
7,686
17,405
13,674
1,079
541
5,162

260
328
121
4,303
17,650
12,743
4,907
5,766
5,896
8,326
19,055
14,729
955
528
5,423

226
309
102
3,853
17,683
12,792
4,890
5,979
6,138
8,493
19,612
15,217
970
513
5,597

272
322
72
3,186
17,866
12,981
4,884
6,296
5,754
8,183
19,184
15,508
1,011
532
5,601

280
334
63
2,757
17,798
12,855
4,943
6,407
5,797
7,765
19,421
14,950
1,017
502
5,593

220
109
4
766
2,809
940
1,869
1,162
614
1,403
2,175
2,081
493
345
1,175

186
67
4
585
3,279
1,228
2,052
1,139
674
1,444
2,602
2,249
548
345
1,291

257
209
4
1,264
3,879
1,826
2,053
1,462
1,107
2,294
3,213
2,929
568
350
1,457

227
194
6
1,253
4,103
1,853
2,250
1,546
1,158
2,543
3,451
3,086
612
362
1,526

219
189
7
1,207
4,107
1,859
2,248
1,553
1,226
2,598
3,605
3,312
645
354
1,613

255
210
7
1,067
4,077
1,839
2,237
1,563
1,173
2,472
3,536
3,362
646
342
1,714

244
246
6
851
3,856
1,761
2,094
1,722
1,118
2,372
3,538
3,312
614
339
1,724

New Hampshire

88,480

98,034

132,250

139,786

141,242

136,717

134,086

11,188

13,599

20,760

21,608

21,444

21,004

21,111

155
241
38
3,260
18,967
12,638
6,329
7,421
4,331
7,878
18,041
17,422
1,800
566
8,362

206
337
39
3,491
21,059
14,419
6,640
6,826
5,482
8,183
21,001
21,037
1,739
615
8,019

282
717
96
6,748
26,518
18,508
8,010
8,817
9,414
12,697
26,806
28,314
1,878
652
9,312

296
686
93
6,747
27,584
19,740
7,844
9,037
9,886
13,619
28,840
30,559
2,000
653
9,787

254
659
82
5,988
28,714
20,908
7,806
9,483
10,079
13,493
29,221
30,890
1,989
643
9,749

270
646
71
4,922
27,521
20,351
7,169
9,719
9,571
12,408
28,121
30,842
1,987
635
10,004

316
695
63
4,151
27,144
20,020
7,124
10,397
9,460
11,759
28,147
30,189
1,864
625
9,277

47
31
17
706
2,541
1,536
1,004
823
457
1,091
2,161
1,913
242
146
1,012

52
32
11
840
3,196
2,051
1,145
907
636
1,290
2,899
2,261
255
145
1,074

98
99
44
1,598
4,576
3,171
1,405
1,690
1,151
2,330
4,021
3,437
269
161
1,286

99
99
46
1,503
4,942
3,483
1,459
1,405
1,187
2,534
4,360
3,637
284
155
1,356

73
93
37
1,244
4,943
3,509
1,433
1,121
1,217
2,516
4,519
3,780
299
154
1,450

83
98
27
947
4,939
3,539
1,400
1,475
1,145
2,313
4,289
3,764
301
123
1,499

89
103
27
793
4,974
3,592
1,382
1,809
1,140
2,171
4,385
3,743
291
55
1,531

Vermont

Rhode Island

Total dross state product
Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government




1991

3,478,517

Massachusetts

Farms
Agricultural services, forestry, and fisheries
Mining

1990

New England

Connecticut

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods ...
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

1989

12,816

13,709

17,366

18,123

18,428

18,291

17,605

6,119

6,929

9,147

9,688

10,067

10,061

9,711

18
45
7
549
3,239
2,304
935
832
594
1,188
2,394
2,254
337
188
1,171

35
63
6
427
3,279
2,264
1,015
790
669
1,211
2,890
2,482
330
279
1,247

66
131
10
801
3,889
2,796
1,093
1,047
997
1,781
3,577
3,177
308
290
1,292

63
114
10
773
3,985
2,899
1,086
1,053
1,022
1,915
3,841
3,387
317
291
1,351

51
116
8
748
4,031
2,973
1,058
1,061
1,052
1,924
3,982
3,473
326
290
1,367

47
117
8
702
4,027
3,006
1,022
1,145
959
1,820
3,898
3,551
334
302
1,382

49
124
6
535
3,918
2,913
1,005
1,152
909
1,680
3,875
3,438
323
303
1,294

142
21
33
327
1,206
843
363
570
243
604
1,069
1,130
146
34
594

208
28
23
324
1,518
1,100
417
539
297
676
1,320
1,181
155
36
623

228
58
28
602
1,830
1,334
496
742
487
1,041
1,639
1,571
167
42
714

215
55
29
654
1,986
1,495
491
784
526
1,137
1,702
1,619
185
43
752

185
54
27
646
2,108
1,612
498
808
536
1,171
1,788
1,720
195
40
788

190
60
26
547
2,163
1,666
497
855
514
1,121
1,766
1,758
204
45
811

189
68
28
466
2,077
1,579
499
743
532
1,078
1,720
1,746
203
44
818

SURVEY OF CURRENT BUSINESS

August 1994 • pi

labile 2.—Gross State Product for States and Regions, by Industry for Selected Years in 1977-91—Continued
[Millions of 1987 dollars]
1977

|

1982

1987

1988

1989

1990

1991

11

1977

1982

1987

Mideast
Total Qfoss state product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods ...
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

Total gross stats product

Total gross state product

Total gross state product




1991

734,377

908,066

948,374

958,843

957,848

951,168

10,115

10,696

14,786

15,497

16,797

17,176

17,572

2,720
1,152
2,513
28,651
142,651
79,187
63,464
68,957
36,155
58,159
137,876
125,894
27,769
4,617
64,305

3,495
1,528
1,993
27,032
134,221
67,511
66,710
66,970
45,057
57,646
155,783
143,324
27,203
4,955
65,169

4,382
2,594
2,447
43,579
152,348
76,331
76,017
82,330
63,299
79,234
193,568
179,626
26,912
5,483
72,265

4,115
2,521
2,625
43,960
159,666
82,754
76,913
86,339
65,004
84,123
202,943
189,126
28,039
5,422
74,491

3,972
2,586
2,668
43,535
157,549
81,639
75,910
85,536
66,389
86,051
204,794
195,579
28,522
5,361
76,298

4,036
2,844
2,686
41,371
155,278
79,079
76,200
89,583
64,536
83,340
202,096
199,377
29,264
5,446
77,990

3,895
3,044
2,458
36,973
152,501
78,183
74,318
91,160
64,013
80,892
209,210
195,054
29,267
5,457
77,244

95
19
20
677
3,155
697
2,459
936
394
766
1,439
1,308
161
188
955

116
21
2
662
3,279
739
2,540
741
486
776
1,861
1,457
163
185
946

176
45
3
780
4,028
928
3,100
1,008
605
1,076
3,758
1,891
214
195
1,006

222
41
4
844
3,790
861
2,929
1,051
653
1,191
4,125
2,101
248
193
1,036

209
40
5
788
4,111
1,024
3,087
1,154
665
1,233
4,888
2,200
248
191
1,065

187
44
6
769
4,236
918
3,317
1,098
673
1,229
5,161
2,236
252
188
1,097

186
48
7
738
4,026
860
3,167
1,094
686
1,210
5,826
2,206
244
191
1,109

Maryland

27,343

26,576

29,371

30,855

31,821

31,918

31,568

61,843

66,606

88,790

93,086

95,754

96,143

94,917

0
5
2
699
851
69
782
1,991
504
1,264
2,974
6,933
9,623
785
1,712

0
3
2
459
900
48
853
1,590
485
1,201
3,441
7,688
8,890
768
1,150

0
8
8
527
1,169
159
1,010
1,740
538
1,383
3,890
9,378
8,553
733
1,442

0
9
8
524
1,246
153
1,093
1,894
554
1,456
4,120
9,895
8,899
742
1,509

0
10
7
536
1,239
156
1,083
1,923
545
1,484
4,334
10,360
9,055
746
1,582

0
10
8
541
1,137
147
991
1,945
549
1,433
4,214
10,515
9,240
792
1,534

0
10
10
446
989
144
846
2,127
556
1,321
4,041
10,377
9,409
831
1,448

312
151
55
3,839
8,598
4,901
3,696
5,313
2,769
6,399
10,588
10,713
5,522
1,232
6,353

397
198
82
3,212
8,197
4,289
3,908
5,184
3,621
6,637
12,934
12,648
5,332
1,367
6,797

558
367
130
6,512
9,723
5,281
4,443
7,401
5,715
9,761
16,083
18,290
5,559
1,476
7,215

576
354
133
6,789
10,023
5,635
4,388
8,196
5,933
10,326
17,244
18,847
5,752
1,460
7,454

534
373
138
' 6,878
10,090
5,678
4,413
8,395
6,109
10,693
17,797
19,683
5,931
1,454
7,677

564
476
142
6,727
10,406
5,687
4,719
8,247
5,823
10,275
17,964
20,049
6,082
1,477
7,913

564
424
138
5,833
10,021
5,512
4,509
8,900
5,860
9,959
17,863
19,836
6,091
1,498
7,930

New York

117,385

128,553

171,774

182,011

184,812

182,473

180,952

308,721

328,078

398,315

415,719

414,169

413,720

408,756

262
245
102
4,690
27,480
12,559
14,921
11,989
6,661
10,084
22,270
19,299
2,631
800
10,872

307
333
73
5,127
27,650
11,448
16,202
12,142
9,168
10,311
24,673
23,580
2,839
781
11,569

448
605
111
9,197
33,629
13,543
20,086
16,359
14,643
15,260
33,293
31,836
2,655
826
12,911

417
582
119
9,360
35,033
14,450
20,583
17,538
15,312
16,355
36,005
34,209
2,735
800
13,546

412
581
128
8,892
34,164
13,647
20,518
17,661
16,012
16,446
37,634
35,472
2,815
766
13,828

367
591
113
8,014
32,832
12,536
20,296
17,946
15,691
15,857
36,942
36,298
2,874
744
14,206

392
626
98
6,875
31,896
11,993
19,903
18,614
15,800
15,298
37,443
35,854
2,927
691
14,437

937
428
456
9,566
56,322
31,131
25,191
30,827
17,961
23,814
71,786
59,917
5,319
1,003
30,388

1,318
556
271
10,369
54,421
28,018
26,403
31,142
21,823
23,664
80,553
66,752
5,263
1,094
30,850

1,458
771
426
16,787
59,657
31,913
27,743
35,504
28,869
32,401
100,054
80,428
5,098
1,309
35,554

1,310
816
481
16,754
63,819
35,298
28,521
36,700
29,187
34,316
103,511
85,411
5,384
1,339
36,690

1,274
857
479
16,651
62,471
35,157
27,315
34,646
29,288
34,946
101,445
87,673
5,408
1,392
37,640

1,358
915
457
15,845
61,328
34,025
27,303
38,329
28,385
33,808
98,769
89,058
5,671
1,373
38,425

1,359
1,001
371
14,213
60,055
33,836
26,219
37,564
27,525
32,540
104,658
85,400
5,460
1,378
37,230

Pennsylvania

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
. . .
. . . .
Federal civilian government
Federal military
State and local government

1990

701,418

New Jersey

Farms
Agricultural services, forestry, and fisheries
Mining
. ..
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

1989

Delaware

District of Columbia

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods ...
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

1988

Great Lakes

176,011

173,868

205,030

211,207

215,490

216,417

217,404

681,257

633,395

756,970

778,966

796,011

795,387

789,420

1,114
304
1,878
9,180
46,245
29,830
16,415
17,901
7,866
15,831
28,820
27,724
4,513
609
14,025

1,357
417
1,562
7,203
39,774
22,970
16,804
16,171
9,475
15,057
32,322
31,199
4,714
759
13,857

1,742
797
1,770
9,776
44,141
24,506
19,635
20,318
12,929
19,353
36,490
37,803
4,832
943
14,137

1,590
719
1,880
9,689
45,756
26,356
19,400
20,960
13,365
20,479
37,938
38,663
5,022
889
14,257

1,544
724
1,911
9,791
45,473
25,977
19,495
21,759
13,769
21,249
38,696
40,192
5,066
812
14,505

1,561
809
1,960
9,476
45,340
25,766
19,574
22,019
13,415
20,739
39,046
41,222
5,145
872
14,815

1,394
934
1,834
8,867
45,513
25,838
19,675
22,861
13,585
20,564
39,379
41,380
5,135
867
15,090

10,956
1,142
4,349
33,365
211,263
154,853
56,410
59,429
32,100
61,095
106,144
93,776
10,993
3,084
53,561

10,430
1,525
3,607
23,032
164,110
106,757
57,353
54,073
37,017
56,930
111,816
100,176
11,328
3,182
56,170

9,287
2,543
4,934
30,275
205,513
137,482
68,030
71,004
51,302
70,860
122,234
116,938
11,480
3,575
57,024

7,254
2,404
5,220
30,925
215,245
144,956
70,289
70,535
52,631
74,722
127,579
119,469
11,856
3,524
57,602

10,464
2,452
5,069
31,958
213,287
143,766
69,521
73,404
55,288
76,959
129,573
123,038
12,280
3,500
58,738

10,677
2,757
5,181
32,246
210,241
139,467
70,774
72,843
54,184
75,656
129,314
126,036
12,621
3,492
60,139

9,118
3,109
4,928
30,573
202,255
131,747
70,508
75,580
55,771
75,580
130,038
125,647
J2.467
3,361
60,992

92 • August 1994

SURVEY OF CURRENT BUSINESS

Table 2.—Gross State Product for States and Regions, by Industry for Selected Years in 1977-91—Continued
[Millions of 1987 dollars]
1977

1982

1987

1988

1989

1990

1991

|

1977

1982

1987

Illinois
Total gross state product

.

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government . . . .
Federal military
State and local government

200 507

192416

3722
333
1 505
10440
48720
30484
18236
19091
11 718
18034
35518
31,055

3035
443

3691

1 412
15269

1298

7757
40131
21 494
18638
18079
13830
16674
36121
33,965
3921
1400

15761

226 333
2133

739
1 618
10020
46242
26065
20178
24343
18804
20700
41 573
39,032

Total gross state product

Total gross state product

Total gross state product




.

1991

239 503

240 279

240 286

82489

76376

92827

95173

99050

99353

99170

1 319
740

2860
747
1 715
10500
48311
27773
20538
24588
20273
22534
44549
41,742

2806
859
1 731
10650
48385
27646
20739
24673
19797
21 989
44297
43,064

2250
985
1 712
9989
47195
26261
20934
26323
20259
21 857
44678
42854

1 940
126
372
4276
27784
21 126
6658
7540
3432
7994
11 887
9,601
1 382
337
5820

1 770
213
427

1 461
303
659
3868
29007
20 129
8878

917
280
691
3955
29797
20797

1 690
278
754

1 703
312
811

1 214
362
750
4204
30102
20849
9252
10068

1708

10 164
48532
27686
20846
25293
19161
21 844
43524
40,303

3914

4011

1 477
15738

1 428
15338

4146
1422

4271
1415

16117

16344

4178

1 344
16663

3145

22013
15803
6210

6776
3797
7553
12429
10150
1 437
364
6302

158814

134332

167004

171 082

1,303
233
1 004
6,683
59583
50805
8,778
11 595
6039
13,458
22350
20607
1,747
516
13,696

1,435
269
694
4,301
38336
30,101
8,235
9628
6588
12,005
23993
20831
1,789
501
13,963

1,358
494
1 011
5,917
52411
41,164
11,247
13371
10323
15,219
25244
25332
1,765
574
13,983

1,241
475
1 225
6,236
54577
42659
11,918
12882
10530
15,885
26102
25335
1,864
574
14,157

9001

9416
5153

9745
5297

9407
13*012
12012
1 591
442
6494

13536
12345
1 622
434
6637

9915

4102

4138

31 255
21 850
9405
9804
5669
10 192
13704
12730
1 706
420
6746

30597
21 303
9294
9895
5612

5810

10 117
13758
13,100
1 749
424
7137

10 172
13827
13248
1 720
413
7280

Ohio
172535
1478

481
1 073
6,387
51 811
39865
11,946
13943
11 074
16,495
26594
26385
1,882
575
14,359

168445

164 198

169387

1,495
542
1 107
6,228
49096
37339
11,757
13147
10743
15,957
26203
26599
1,936
566
14,826

1 541
585
1 075
5,705
45377
33574
11,802
13049
10961
15,897
26427
26262
1,874
546
14,900

1,712
284
1 345
8,114
54611
39,166
15,445
15651
7831

15,367
24929
23045
3,334
674
12,491

189217

194370

197920

198711

196815

1,512
1,555
366
614
1 122
1 537
5,656
7,388
54225
44667
28650
36224
16,017
18,001
14326
17467
9052 • 12108
14,691
18,198
25701
28880
24849
29268
3,077
3,246
735
847
13,137
14,053

1,630
557
1 482
7,458
56896
38361
18,535
15642
12530
19,277
30285
30002
3,144
850
14,616

1,894
587

1767

7,688
56257
38346
17911
18089
12870
19,656
30493
30293
3,268
852
14,574

2044
638
1 402
7,773
56152
37374
18778
17929
12704
19,487
30569
31049
3,367
849
14,747

54135
35894
18241
18671
13270
19,426
30466
30823
3,355
837
14,915

159 060

1399

704
1253
7195

Plains

70058

71 211

81 590

84974

87003

88599

88950

254328

265 080

305 688

312113

321 606

326919

327 688

2,279
166
123

2,678
235
66

2,146
352
113

2172

20,566
13272
7,295
5,551
3080
6244
11,460
9,468
839
145
6,285

18,963
10709
81254
5,265
3750
6,007
13,572
10,380
934
183
7,006

2,541
359
128
3282
25,655
15933
9,722
6,979
5403
8,083
14,233
11,888
1,278
232
6,942

2,629
406
130
3458
26,012
15805
10,207
7,199
5328
8,106
14,487
12,224
1,298
238
7,085

2,347
473
137
3480
25,448
15168
10,279
7,470

12,812
745
2,727
14953
48,853
29196
19,657
25,457
14849
24535
41,772
36,143
6,103
2944
22,437

13,908
1,054
2,550
10608
48,233
25681
22,552
24,867
18039
24294
47,301
40,887
6,201
2857
24,280

13,218
1,706
2,625
12952
60,927
34407
26,520
31,281
22517
29674
49,887
45,519
7,122
3,112
25,147

11,118
1,477
2,917
12 162
64,321
36983
27,338
33,142
22982
31475
50,862
46,547
6,520
3,130
25,462

13,547
1,381
2,637
12064
65,858
37694
28,163
34,079
24003
32,184
52,094
48,095
6,807
3,135
25,724

15,606
1,599
3,146
12151
66,444
36983
29,461
34,647
23639
31,681
51,613
49,284
7,704
3,111
26,293

14,488

3851

2,780
393
109
3082
23,626
13900
9,726
6,407

3,057
11749
64,698
35445
29,253
35,980
24559
32,021
52,553
49,705
7,460
3,033
26,514

3113

25,443
15454
9,989
6,973

4913

5113

7,337
13,526
11,295
1,132
234
6,756

7,801
14,131
11,483
1,215
237
6,853

5471

8,229
14,641
12,460
1,340
222
7,234

1869

Kansas

Iowa

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
.
. .
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1990

233 366

Wisconsin

Farms
Agricultural services forestry and fisheries . .
Mining
.-.
Construction
. .. .
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
.. ..
Federal civilian government .
Federal military
State and local government

1989

Indiana

Michigan

Farms
Agricultural services forestry and fisheries
Mining
Construction
.'.
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1988

44,299

43,150

44,235

45,029

47,558

48,584

48,403

35,649

38,957

43,766

44,694

44,466

45,913

45,798

3319

3391

5613

6251

4,493
4,024
3022

4,622
4,311
3085
4304
7,378
5,865
750
148
4,243

1 743
129
798
1,634
6895
3563
3,332
4,067
2450
3360
7,204
5,470
804
853
3,548

1 825
220
964
1,636
8753
4735
4,018
5,509

214
758
1,512
8665
4735
3,930
5,934

1 797
287
806
1,492
8856

3913

1 431
106
1,356
2,147
6442
3573
2,869
3,842
1 932
3,290
5,528
4,793
798
851
3,134

1 981
243
886
1,505

5006

3636
319
91
1,592
11 767
6760
5,007
4,354
3209
4,484
7,440
6,212

1 718
281
949
1,802

8919

3229
268
90
1,475
11274
6663
4,612
4,396
3289
4,506
7,604
6,061
910
142
4,313

1422

267
66
1,507

2268
322
90
1,393
10872

3185

170
102
2,640
9978
6049
3929
3,972
2346
4078

3028
375
97
1,347
10106

3138

3198

4427
6,673
6,044
954
885
3,665

4475
6,612
6,204
833
878
3,762

7196

5,697
631
89
4081

3,405
2683
3655
8,230
5,903
772
108
4,244

4061

7,224
5,754
978
145
4,076

1015

145
4,320

387
98
1,605
11478
6474
5,004
4,437
3371

4,581
7,555
6,342
913
137
4,313

8410

4389
4,020
5,273
3150
4157

6,665
5,906
937
869
3,652

9

'

8891
4813

4712

4,077
5,920
3207

4,144
5,973
3308

4411

4515

6,749
6,368
1 072
849

6672
6,460
981
804
3847

3831

SURVEY OF CURRENT BUSINESS

August 1994

93

Table 2.—Gross State Product for States and Regions, by Industry for Selected Years In 1977-91—Continued
[Millions of 1987 dollars]
1977

I 1982

1987

1988

1989

1990

1991

||

1977

1982

1987

1988

Minnesota
Total cross state product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods ....
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

Total gross stats product
.

.

.

.

Total gross state product

66,787

81,493

83,992

87,854

88,508

89,143

72,168

71,988

88,764

90,531

92,160

92,157

91,644

2,957
161
402
3,611
11,780
6,957
4,822
5,629
3,861
5,750
10,985
9,106
1,185
195
5,860

2,776
228
476
2,565
13,018
6,916
6,101
5,714
4,759
6,169
12,494
10,745
1,249
173
6,422

2,815
325
308
3,910
17,952
10,458
7,494
6,778
6,279
7,750
13,879
12,893
1,523
230
6,851

1,975
287
462
3,610
19,331
11,156
8,175
7,262
6,569
8,320
14,290
13,275
1,369
232
7,010

2,857
295
512
3,671
19,743
11,426
8,318
7,606
6,917
8,605
14,894
13,975
1,531
229
7,017

2,984
354
706
3,676
19,614
10,948
8,665
7,697
6,795
8,426
14,688
14,386
1,684
242
7,258

2,564
383
749
3,509
19,417
10,809
8,608
8,198
7,111
8,407
15,160
14,427
1,617
230
7,373

1,733
159
323
3,887
16,416
10,323
6,093
7,933
4,172
7,187
11,074
10,870
2,380
686
5,348

1,567
219
266
2,988
15,048
8,139
6,909
7,453
5,071
7,047
11,340
12,552
2,266
629
5,541

1,497
370
343
4,202
19,399
11,221
8,178
10,147
6,442
9,289
13,579
14,405
2,325
682
6,083

1,361
334
346
3,898
19,954
11,769
8,184
10,613
6,543
9,717
14,020
14,652
2,314
666
6,113

1,479
314
348
3,759
20,628
11,798
8,830
10,754
6,830
9,741
14,166
14,921
2,337
683
6,201

1,469
349
374
3,686
20,292
11,186
9,106
11,155
6,620
9,498
14,126
15,149
2,406
687
6,346

1,459
408
366
3,455
19,146
10,101
9,045
11,571
6,852
9,480
14,263
15,164
2,443
674
6,363

North Dakota

23,100

24,341

26,498

27,923

28,534

29,825

30,548

8,961

10,735

10,209

9,346

9,929

10,538

10,380

1,659
84
88
1,210
3,059
1,695
1,365
2,389
1,423
2,308
4,111
3,194
560
519
2,495

2,093
122
63
859
3,124
1,487
1,637
2,418
1,725
2,228
4,396
3,479
574
526
2,734

1,950
208
78
915
3,529
1,860
1,669
3,017
2,137
2,388
4,429
3,759
745
576
2,767

2,440
185
75
906
3,811
2,136
1,675
3,286
2,161
2,529
4,613
3,895
697
578
2,747

2,473
168
65
931
3,911
2,066
1,845
3,312
2220
2,615
4,758
4,036
703
576
2,768

2,996
195
64
956
4,147
2,213
1,934
3,432
2,292
2,607
4,656
4,200
844
570
2,863

3,090
233
73
952
3,993
2,232
1,761
3,688
2,338
2,694
4,910
4,280
809
570
2,918

772
31
373
825
514
249
264
825
621
927
1,447
1,242
238
388
759

1,170
39
805
741
500
202
298
977
783
896
1,853
1,425
246
353
947

1,035
64
703
402
609
286
323
1,149
843
936
1,581
1,390
245
368
884

275
53
803
366
617
320
298
1,163
820
1,022
1,501
1,387
121
371
847

852
50
683
361
640
358
282
1,121
845
1,054
1,554
1,412
147
371
839

1,062
58
827
366
663
363
300
1,134
820
1,045
1,652
1,434
270
361
847

963
68
749
363
704
374
330
1,090
833
1,063
1,570
1,449
325
363
840

Southeast

8,671

9,122

10,723

10,597

11,105

11,394

11,773

679,117

755,639

951,228

989,832

1,010,570

1,023,728

1,034,861

941
35
84
631
664
349
314
868
493
995
1,431
1,242
311
217
760

1,169
49
76
313
729
367
362
833
568
939
1,785
1,313
290
214
844

1,174
83
147
373
923
581
342
895
646
1,093
2,531
1,412
368
242
834

975
75
176
353
982
616
366
997
666
1,156
2,387
1,429
314
249
837

1,235
71
181
355
997
650
347
956
704
1,188
2,505
1,486
346
256
823

1,479
82
198
371
1,071
699
371
955
695
1,210
2,301
1,534
414
258
828

1,432
102
217
372
1,105
744
361
1,024
746
1,281
2,423
1,585
372
256
860

11,430
2,103
24,147
39,052
147,123
58,575
88,549
60,876
32,298
64,633
101,638
92,956
23,808
19,360
59,694

13,824
2,727
20,396
35,769
148,714
57,682
91,032
68,028
42,151
72,057
126,946
111,022
25,149
20,828
68,028

15,246
4,888
22,775
47,159
193,255
86,213
107,042
92,000
61,535
98,822
146,542
144,696
26,989
22,018
75,303

16,785
4,599
25,763
46,540
199,614
90,274
109,340
98,609
63,197
105,177
153,595
148,387
28,475
21,845
77,247

15,444
4,609
23,262
46,069
202,931
92,093
110,838
100,126
66,223
108,392
157,253
155,506
28,896
21,796
80,063

15,885
5,062
24,873
46,019
203,075
91,786
111,289
103,432
64,933
107,469
158,197
160,731
29,282
21,392
83,380

18,036
5,753
25,163
42,258
201,671
91,910
109,761
109,865
66,975
107,260
159,078
162,192
30,335
21,472
84,805

Alabama

Total gross state product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
. .
Federal civilian government .
Federal military
State and local government




1991

61,482

South Dakota

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade ..
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

1990

Missouri

Nebraska

Farms
. . . .
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
.
.
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government .
Federal military
State and local government

1989

Arkansas

45,530

48,388

59,545

61,084

61,904

62,987

64,049

25,486

26,548

32,078

33,151

33,588

34,243

35,201

704
116
832
2,970
10,188
4,937
5,251
4,411
2,349
4,188
6,406
5,639
2,635
949
4,143

878
155
1,024
1,775
10,264
4,787
5,477
4,868
2,686
4,239
7,607
6,405
2,716
1,076
4,696

962
299
950
2,312
14,378
7,146
7,232
5,857
3,616
5,649
8,125
8,230
2,911
1,134
5,122

1,129
239
1,103
2,239
14,618
7,359
7,259
6,557
3,596
5,887
8,367
8,133
2,940
1,119
5,157

1,090
253
1,184
2,219
14,297
6,817
7,481
6,588
3,790
6,045
8,730
8,388
2,941
1,070
5,309

1,189
284
1,502
2,332
14,668
7,380
7,288
6,851
3,735
5,972
8,521
8,583
2,835
1,035
5,480

1,522
336
1,396
2,272
14,669
7,451
7,218
6,788
3,786
6,121
8,712
8,787
3,017
1,019
5,623

1,252
91
519
1,643
5,873
3,279
2,594
2,369
1,179
2,548
3,758
3,232
577
396
2,048

1,200
103
416
1,158
6,050
2,950
3,100
2,549
1,338
2,629
4,199
3,585
559
397
2,365

1,318
234
353
1,192
7,961
4,292
3,669
3,674
1,838
3,394
4,463
4,107
621
440
2,483

1,564
197
389
1,128
8,204
4,448
3,756
4,044
1,851
3,555
4,471
4,116
709
426
2,496

1,221
189
339
1,102
8,534
4,466
4,067
4,021
1,925
3,677
4,664
4,257
734
418
2,508

1,228
207
372
1,212
8,766
4,440
4,326
4,279
1,883
3,683
4,524
4,373
693
424
2,599

1,295
245
365
1,152
8,837
4,575
4,261
4,500
1,974
3,845
4,637
4,490
737
416
2,708

94 ® August 1994

SURVEY OF CURRENT BUSINESS
Table 2.—Gross State Product for States and Regions, by Industry for Selected Years in 1977-91—Continued
[Millions of 1987 dollars]
1977

1982

1987

1988

1989

1990

1991

|| 1977

1982

| 1987

1988

Florida
Total gross state product
Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
,
Federal military
State and local government

TotaS gross stat3 product

Total QTOSS state product

... .

143,814

197,054

205,938

213,320

216,334

217,900

70,240

82,055

115,171

119,829

121,295

122,154

123,831

1,907
794
956
7,001
11,265
5,632
5,632
11,544
5,961
12,959
22,202
22,685
3,055
3,150
11,599

2,493
990
1,137
9,318
15,063
8,274
6,790
13,751
8,536
16,269
27,623
28,877
3,239
3,267
13,252

3,490
1,710
740
12,156
20,259
11,830
8,429
18,966
13,802
24,020
38,049
40,629
3,666
3,552
16,015

3,862
1,678
790
12,023
20,977
12,240
8,738
20,406
14,386
26,163
39,971
41,387
3,906
3,508
16,880

3,514
1,675
756
11,888
21,471
12,833
8,638
20,641
15,011
27,029
41,618
43,919
4,204
3,608
17,986

3,232
1,853
731
11,423
21,324
12,586
8,738
21,404
14,811
26,858
42,086
45,651
4,161
3,716
19,084

3,790
2,116
741
10,075
20,912
12,635
8,277
22,669
15,074
26,272
42,695
45,965
4,420
3,724
19,447

859
178
376
3,585
14,972
6,170
8,802
7,214
4,705
6,771
10,582
9,714
2,905
1,917
6,462

1,434
215
342
3,573
16,199
5,871
10,328
8,271
6,445
7,547
14,080
11,436
2,901
2,094
7,517

1,483
443
692
6,152
23,845
10,688
13,157
12,415
10,593
11,291
17,368
16,983
3,125
2,137
8,645

1,698
446
692
5,739
24,492
10,898
13,594
13,181
11,065
11,878
18,414
17,734
3,337
2,177
8,977

1,652
446
714
5,367
23,715
10,153
13,561
13,393
11,571
12,212
18,874
18,426
3,403
2,154
9,367

1,623
473
695
5,430
23,720
9,569
14,151
13,930
11,122
12,038
18,981
19,221
3,144
2,017
9,759

2,013
531
642
4,787
23,367
9,241
14,126
15,168
11,545
11,860
19,208
19,271
3,560
2,104
9,775

Louisiana

49,268

48,862

55,536

57,508

59,112

60,056

60,453

71,082

78,609

75,205

79,673

77,286

79,071

80,544

1,386
88
2,299
2,639
14,702
6,433
8,269
3,869
1,865
4,288
6,470
5,532
1,334
1,264
3,532

1,804
162
2,421
2,067
12,016
5,045
6,971
3,883
2,222
4,416
7,353
6,038
1,404
1,207
3,869

1,559
257
2,630
2,256
14,332
7,089
7,243
4,837
2,893
5,283
7,595
6,935
1,646
1,239
4,073

1,453
233
2,801
2,221
15,075
7,825
7,250
5,366
2,906
5,617
7,798
7,023
1,680
1,231
4,105

1,620
235
2,943
2,266
15,306
8,199
7,107
5,456
3,107
5,735
7,975
7,281
1,765
1,208
4,216

1,708
250
3,070
2,270
15,176
8,208
6,967
5,847
3,068
5,754
8,019
7,549
1,850
1,074
4,420

1,800
282
2,910
2,195
14,717
7,794
6,922
6,162
3,223
5,903
7,938
7,726
1,883
1,045
4,670

768
160
14,444
4,856
11,177
3,106
8,071
6,389
2,891
5,562
10,292
7,838
889
832
4,984

756
190
10,189
5,098
10,210
3,220
6,989
8,041
3,966
6,554
14,839
10,416
1,022
936
6,392

708
256
11,864
2,850
11,915
3,094
8,821
8,405
3,989
6,432
11,262
9,960
989
1,061
5,516

862
240
13,816
2,887
13,601
3,319
10,282
8,521
3,997
6,608
11,702
9,955
1,111
1,077
5,295

592
251
11,061
2,902
14,402
3,476
10,926
8,383
4,104
6,774
11,245
10,196
1,072
1,073
5,232

643
276
11,847
3,143
14,222
3,612
10,610
8,646
3,971
6,576
11,644
10,439
1,118
1,066
5,480

679
324
12,601
3,340
13,583
3,553
10,030
9,480
4,193
6,737
11,243
10,504
1,112
1,105
5,643

North Carolina

27,910

29,005

33,743

34,693

34,826

35,053

35,636

'80,549

86,243

113,246

118,442

122,182

123,195

124,501

1,084
96
691
1,647
6,470
3,476
2,994
2,525
1,242
2,808
3,967
3,329
793
687
2,570

1,021
111
688
1,467
6,324
3,357
2,966
2,527
1,419
2,898
4,694
3,483
772
111
2,823

970
203
800
1,127
7,940
4,518
3,423
4,594
1,639
3,574
4,692
3,763
815
765
2,862

1,083
170
922
1,111
8,332
4,752
3,580
4,543
1,730
3,651
4,830
3,723
916
751
2,933

727
169
739
1,159
8,531
4,744
3,787
4,540
1,807
3,717
4,861
3,830
932
715
3,098

741
188
829
1,185
8,661
4,739
3,922
4,632
1,795
3,675
4,779
3,867
912
677
3,112

847
216
703
1,125
8,745
4,792
3,953
4,956
1,859
3,712
4,815
3,978
942
662
3,077

1,565
188
180
3,671
27,488
7,750
19,738
6,633
3,435
7,096
10,204
9,069
1,442
2,577
7,002

1,870
257
189
2,888
27,391
8,271
19,120
6,871
4,572
7,568
12,626
9,926
1,605
2,742
7,739

2,177
512
383
5,087
35,433
12,776
22,656
9,162
7,211
11,319
15,219
13,169
1,641
3,001
8,933

2,364
476
379
5,079
36,738
13,703
23,035
9,776
7,409
12,231
16,089
13,930
1,833
2,936
9,203

2,330
463
401
4,950
37,636
14,789
22,847
10,466
7,831
12,611
16,402
14,670
1,819
2,995
9,609

2,701
505
401
4,993
37,150
14,794
22,355
10,552
7,755
12,393
16,837
15,322
1,912
2,670
10,006

3,048
569
429
4,607
36,917
14,871
22,046
11,469
7,997
12,438
16,866
15,371
1,967
2,621
10,202

South Carolina
Totai gross state product
Farms
Agricultural services forestry and fisheries
Minino
.
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government




.

.

...

1991

115,079

Mississippi

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
.. .
Manufacturing
Durable goods
Nondurable goods
Transoortation and public utilities
Wholesale trade
.
Retail trade
,
Finance, insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1990

Georgia

Kentucky

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and reai estate
Services ...
Federal civilian government
Federal military
State and local government

1989

Tennessee

34,045

38,349

50,848

53,096

54,727

56,884

57,478

57,771

62,560

80,781

83,105

84,532

84,644

86,763

436
95
83
1,637
9,059
2,938
6,121
2,482
1,454
3,407
4,700
4,155
1,081
1,975
3,481

519
126
71
1,569
9,846
2,992
6,854
3,187
1,861
3,665
5,604
4,659
1,115
1,955
4,173

467
226
123
2,728
13,778
4,854
8,925
4,489
2,554
5,447
6,692
6,228
1,221
1,938
4,957

547
221
132
2,786
14,073
5,279
8,794
5,062
2,588
5,779
7,196
6,396
1,311
1,883
5,124

515
223
136
2,892
14,711
5,495
9,216
5,320
2,741
6,069
7,219
6,788
1,052
1,863
5,198

461
244
143
3,296
15,043
5,635
9,408
5,397
2,774
6,236
7,568
7,127
1,327
1,887
5,381

587
264
143
2,935
15,619
5,718
9,901
5,532
2,780
6,190
7,486
7,171
1,370
1,886
5,516

850
112
344
3,057
14,932
6,855
8,076
3,931
3,350
6,079
8,625
8,217
2,735
476
5,062

1,080
170
286
2,547
14,495
5,931
8,564
4,168
3,938
6,750
10,374
9,857
3,062
523
5,311

1,019
257
350
3,579
19,403
9,647
9,756
6,519
5,886
9,305
11,770
12,686
3,501
546
5,960

1,029
233
372
3,433
20,017
10,066
9,951
6,824
5,880
9,883
12,188
13,104
3,507
543
6,094

941
228
360
3,399
20,712
10,522
10,190
6,705
6,066
9,995
12,231
13,767
3,440
537
6,149

1,017
260
364
3,237
20,486
10,078
10,408
6,808
6,029
9,921
11,951
14,098
3,639
556
6,277

1,099
296
332
3,123
21,148
10,622
10,526
7,377
6,272
10,115
12,237
14,317
3,621
539
6,286

SURVEY OF CURRENT BUSINESS

August 1994 • 95

Table 2.—Gross State Product for States and Regions, by Industry for Selected Years m 1977-91—Continued
[Millions of 1987 dollars]
1977

1982

1987

1988

1989

1990

1991

11

1977

1982

1987

1988

Virginia
Total gross state product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade .
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

Total gross state product

.

Total gross state product

Total gross state product




.
...

1991

87,891

113,936

118,439

122,553

123,340

122,596

24,246

23,313

24,086

24,874

25,243

25,768

25,909

542
158
892
4,600
15,830
5,263
10,566
6,550
2,951
6,841
11,130
10,742
5,956
5,078
6,641

670
203
895
3,373
17,338
5,349
11,988
6,965
4,072
7,444
14,091
13,234
6,327
5,787
7,493

923
439
993
6,768
20,048
8,269
11,779
9,926
6,286
10,876
17,921
18,871
6,405
6,113
8,368

1,029
417
1,129
6,961
19,503
8,430
11,073
10,771
6,573
11,647
19,109
19,742
6,746
6,102
8,711

1,073
423
1,156
7,012
19,524
8,612
10,912
11,031
7,021
12,220
20,003
20,768
7,031
6,063
9,230

1,140
462
1,174
6,490
19,726
8,768
10,959
11,510
6,741
12,075
19,882
21,211
7,174
6,175
9,581

1,152
502
1,155
5,640
19,224
8,724
10,500
12,068
6,950
11,774
19,824
21,256
7,179
6,257
9,616

76
27
2,532
1,746
5,168
2,734
2,434
2,959
915
2,085
3,301
2,803
405
59
2,171

100
46
2,738
936
3,520
1,635
1,885
2,947
1,095
2,079
3,857
3,107
426
66
2,397

169
50
2,896
954
3,962
2,011
1,952
3,156
1,229
2,234
3,386
3,137
448
93
2,370

165
50
3,238
933
3,984
1,955
2,029
3,558
1,218
2,278
3,462
3,144
478
93
2,274

169
53
3,472
913
4,092
1,986
2,106
3,582
1,249
2,307
3,430
3,216
504
93
2,162

203
61
3,744
1,008
4,134
1,977
2,157
3,576
1,249
2,288
3,403
3,289
515
95
2,202

202
72
3,746
1,008
3,933
1,933
2,000
3,697
1,322
2,293
3,418
3,355
527
95
2,241

Arizona

333,268

402,910

432,723

452,213

459,081

470,317

476,156

33,820

40,991

57,784

59,952

60,442

60,593

60,453

4,748
1,003
36,969
24,436
50,877
26,477
24,401
32,503
15,458
29,667
51,360
43,854
9,805
6,938
25,652

5,193
1,360
28,833
24,196
56,256
31,263
24,993
40,801
24,530
36,954
77,437
57,570
10,031
6,877
32,873

6,382
1,976
30,979
19,668
65,386
33,787
31,598
46,234
28,240
43,667
67,494
69,186
10,369
7,092
36,050

6,578
1,939
34,893
17,756
74,091
38,569
35,522
47,950
28,631
46,050
68,810
71,372
10,779
6,988
36,377

5,927
1,886
28,912
17,537
76,408
40,239
36,169
50,534
29,584
47,157
72,472
73,834
10,748
6,922
37,159

7,239
2,102
32,365
17,720
76,724
41,126
35,599
51,785
29,527
47,438
73,371
76,671
10,791
6,711
37,873

7,409
2,458
32,174
17,906
74,906
43,309
31,597
54,612
31,323
48,243
73,260
77,861
10,901
6,454
38,650

595
179
463
2,802
4,130
3,307
822
3,484
1,300
3,747
5,893
5,534
1,269
852
3,574

614
236
581
2,892
5,341
4,226
1,115
3,572
1,838
4,480
7,431
7,031
1,309
841
4,825

937
361
536
3,899
8,320
6,663
1,657
5,498
3,134
6,633
10,345
10,308
1,430
870
5,512

1,022
358
886
3,374
8,901
7,187
1,714
5,948
3,064
6,942
10,402
10,989
1,471
885
5,710

862
350
852
3,145
9,022
7,240
1,783
5,738
3,362
7,201
10,386
11,286
1,485
897
5,855

904
376
1,117
2,962
9,128
7,360
1,768
5,620
3,297
7,079
10,432
11,420
1,531
871
5,856

982
440
1,227
2,838
8,859
7,202
1,658
5,112
3,458
7,124
10,503
11,517
1,582
842
5,967

Oklahoma

18,337

20,876

22,359

22,778

23,334

23,958

26,511

42,720

52,714

47,912

49,421

49,528

50,312

49,875

321
42
2,908
1,310
907
517
390
1,775
583
1,667
2,767
2,584
934
544
1,997

309
56
2,433
1,302
1,139
627
512
2,076
828
1,823
3,839
3,162
888
564
2,457

390
101
2,239
1,042
1,517
883
634
2,700
961
2,225
3,375
3,694
922
586
2,608

459
96
2,544
1,005
1,575
994
581
2,376
983
2,405
3,404
3,857
949
566
2,558

486
90
2,202
971
1,786
1,082
704
2,768
1,003
2,461
3,504
3,947
1,008
554
2,555

528
97
2,568
942
1,722
1,121
602
2,773
1,007
2,491
3,592
4,025
1,040
554
2,619

565
110
2,669
925
3,687
3,083
604
2,847
1,043
2,573
3,587
4,193
1,052
572
2,687

734
108
5,269
2,608
5,573
3,457
2,116
4,012
1,984
3,979
6,698
5,529
1,913
954
3,359

1,314
131
4,546
2,494
6,520
3,931
2,589
4,803
3,285
4,881
10,253
6,865
1,971
1,020
4,632

1,280
195
3,895
1,443
7,246
4,330
2,916
4,943
2,795
4,884
7,400
6,773
1,709
1,089
4,258

1,366
177
4,172
1,431
8,036
5,153
2,882
5,143
2,894
5,103
7,364
6,795
1,653
1,053
4,233

1,352
173
3,392
1,462
8,414
5,513
2,901
5,238
2,954
5,199
7,303
6,998
1,705
1,010
4,329

1,430
200
3,844
1,533
8,185
5,361
2,824
5,427
2,856
5,159
7,494
7,103
1,705
982
4,393

1,305
237
3,424
1,465
7,996
5,109
2,887
5,787
2,971
5,254
7,278
7,050
1,670
964
4,474

Texas

Farms
Agricultural services forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
.
Finance, insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1990

77,911

New Mexico

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State. and local government

1989

West Virginia

Southwest

Farms
.
Agricultural services, forestry and fisheries
Mining
Construction
Manufacturing
>
Durable goods
Nondurable goods
,
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

|

Rocky Mountain

238,392

288,329

304,668

320,062

325,777

335,454

339,317

95,633

114,646

121,720

125,534

128,360

131,671

135,731

3,097
675
28,330
17,716
40,267
19,195
21,072
23,233
11,591
20,275
36,002
30,206
5,690
4,588
16,722

2,957
936
21,273
17,508
43,256
22,479
20,777
30,349
18,578
25,771
55,914
40,513
5,863
4,452
20,958

3,774
1,318
24,309
13,284
48,302
21,911
26,391
33,093
21,351
29,925
46,375
48,411
6,308
4,546
23,671

3,732
1,307
27,291
11,945
55,578
25,234
30,344
34,483
21,690
31,600
47,640
49,730
6,706
4,484
23,876

3,227
1,272
22,466
11,960
57,186
26,404
30,782
36,790
22,265
32,296
51,279
51,603
6,551
4,462
24,420

4,377
1,430
24,836
12,284
57,689
27,284
30,406
37,964
22,365
32,709
51,854
54,122
6,514
4,304
25,005

4,557
1,670
24,854
12,678
54,364
27,915
26,449
40,866
23,851
33,291
51,891
55,100
6,596
4,075
25,523

2,270
277
5,690
7,690
11,392
7,223
4,169
9,240
4,326
9,484
16,161
14,179
3,942
2,004
8,980

2,951
394
5,953
7,449
12,969
7,717
5,252
11,682
6,258
10,779
22,244
17,423
3,968
1,990
10,587

3,090
654
6,587
5,460
15,537
9,534
6,003
13,861
7,231
12,045
20,048
19,655
4,166
2,147
11,240

3,139
624
7,650
4,988
16,477
10,270
6,207
14,705
7,181
12,581
20,282
20,371
4,183
2,145
11,208

3,695
592
6,900
5,171
17,109
10,711
6,398
14,949
7,585
13,125
20,531
21,207
4,329
2,139
11,028

4,022
667
7,555
5,392
17,161
10,708
6,453
15,598
7,613
13,238
20,666
21,927
4,382
2,082
11,369

4,022
766
7,689
5,737
17,793
11,085
6,708
16,067
8,024
13,621
21,051
22,646
4,514
2,143
11,660

9 6 « August 1994

SURVEY OF CURRENT BUSINESS
Table 2.—Gross State Product for States and Regions, by Industry for Selected Years in 1977-91—Continued
[Millions of 1987 dollars]
1977

1982

1987

1988

1989

1990

1991

|

1977

1982

1987

Colorado
Total gross stat© product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

Total gross state product

Total gross state product

Total gross state product




1991

56145

60160

61 809

62966

64496

66235

12336

12730

13899

14589

15624

16 104

16496

751
119
1 435
3221
5479
3468
1,991
3937
2103
4,698
7724
7268
1 759
1,254
4,305

819
205
1 250
3873
6994
4267
2727
5071
3208
5656
11 421
9514
1 809
1 251
5,073

891
296
1 360
2941
8035
4908
3,128
6292
3894
6372
10483
10874
1 848
1 329
5545

1 095
283
1 562
2643
8344
5157
3187
6713
3834
6554
10631
11 435
1 912
1 319
5484

1 149
267
1 345
2681
8520
5212
3308
6767
4018
6789
10797
11 957
1 948
1 298
5431

1 314
294
1 490
2757
8651
5212
3438
7141
4074
6,842
10754
12391
2034
1 256
5496

1 234
339
1 376
2908
8864
5358
3506
7417
4254
7020
11 031
12769
2075
1 317
5631

689
65
122
1 054
1 938
1 232
705
1 058
571
1 248
2139
1 775
360
212
1 104

943
79
156
673
1 719
790
929
1 183
671
1 176
2464
1 917
353
202
1 195

997
152
142
601
2421
1 336
1*085
1 317
791
1 455
2309
l'976
344
224
1 170

1 043
153
167
595
2740
1 648
1 092
1 373
794
1 543
2351
2036
381
218
1 193

1 272
152
187
650
3000
1 863
1 137
1 425
856
1 691
2472
2101
383
219
1 215

1 379
184
224
760
2899
1 771
1 128
1 459
881
1 716
2495
2190
396
203
1 308

1 229
204
201
775
3029
1 857
1 172
1 557
935
1762
2545
2272
421
193
1373

Utah

11 308

12094

11 764

11 483

12155

11 970

12573

18197

21 492

24915

25994

26491

27549

28599

452
40
637
965
1070
684
386
1274
510
1 074
1,954
1 619
446
196
1 071

740
43
784
776
808
398
410
1,326
617
1 064
2,502
1 673
433
158
1,170

654
91
759
431
1062
653
409
1,600
647
1097
1,939
1 730
499
160
1 094

381
78
886
429
979
584
395
1,644
629
1 169
1,929
1 712
403
168
1 077

729
76
867
457
1 049
653
396
1,666
665
1 226
1,988
1 748
467
184
1034

668
82
921
454
951
575
376
1714
659
1 195
1,941
1 736
415
185
1 047

818
98
977
491
948
557
391
1,783
691
1 255
1,965
1 798
488
187
1 076

195
30
701
1 506
2452
1 686
766
1,934
887
1 766
2,986
2599
1,163
216
1,762

248
41
749
1 127
3129
2139
990
2557
1 255
1 942
3,659
3282
1,161
255
2,086

316
66
1 049
1 072
3'636
2508
1 128
2777
1 545
2332
3936
4225
1 253
290
2418

367
67
1 260
948
3949
2713
1 236
2957
1 588
2506
3,988
4328
1,252
297
2,487

325
52
1 176
1 005
4087
2844
1 243
3067
1 705
2604
3,953
4523
1,299
299
2397

375
58
1 382
1 035
4223
3004
1219
3130
1 683
2659
4,117
4718
1,296
304
2,569

374
69
1 433
1 151
4504
3160
1 344
3165
1 815
2725
4,212
4916
1,296
310
2,629

Far West

9,739

12,184

10,983

11,660

11,123

11,552

11,828

548,430

625,703

183
22
2795
944
453
133
320
1 037
255
698
1 358
918
215
125
737

201
26
3,014
1,000
319
124
196
1 545
508
940
2198
1,037
211
123
1,063

231
49
3,276
415
384
130
254
1,874
354
791
1 380
850
222
144
1,013

253
44
3776
373
464
167
297
2018
335
810
1383
859
235
143
967

220
43
3,326
378
453
139
315
2,025
341
816
1 321
879
233
139
951

284
48
3538
385
436
146
291
2144
317
825
1360
892
241
134
948

367
56
3702
412
448
153
295
2145
328
859
1298
890
235
136
950

8167
2,837
6963
34,913
86266
56,703
29,563
43070
26,143
53,752
105095
98,582
16,024
13,364
53,254

9,569
3,821
9,572
28,954
99134
64,038
35,096
50,704
33,949
60,374
122694
119,824
16,092
13,590
57,427

794,038

831,816

865,470

892,174

883,061

13260
6,587
12407
38,715
126640
83902
42,738
63688
50,230
79,626
153311
153,821
17,575
14,448
63,729

13,052
6,816
14,877
40,156
133882
90,343
43,539
66,212
52,026
85,480
161,143
160,530
18,220
14,426
64,995

12,162
6,806
13,567
43,084
137515
93,390
44,125
70,817
55,230
89,852
166,032
170,092
18,467
14,380
67,465

13,021
7,671
15819
43,884
138966
94,467
44,500
73,700
55,995
90,941
172,256
176,550
18,891
14,325
70,156

12,252
8,421
15,863
39,774
134420
91,114
43,306
72,593
56,751
89,696
172,115
176,210
18,597
14,388
71,981

California

Alaska

Farms
Agricultural services forestry and fisheries
Mining
Construction
. .
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
....
. . . ,
Federal civilian government
Federal military
State and local government

1990

44,054

\A/yoming

Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1989

Idaho

Montana

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

1988

13,765

21,143

21,123

22,055

22,254

23,802

23,412

403,235

457,949

598,992

626,011

649,552

665,21 1

651,786

8
135
1 421
2729
553
158
396
1 229
313
887
1 863
1,759
724
783
1 362

9
105
4430
1 825
682
199
484
3903
404
1,021
3801
1764
646
707
1 845

20
317
6956
833
795
255
540
3160
427
1,021
2879
1,582
632
755
1,746

19
582
7981
708
878
312
566
2795
402
1,059
2988
1,563
661
781
1,637

16
498
7139
765
907
324
583
3430
418
1,168
2958
1,756
670
795
1,734

15
493
8392
821
919
317
602
3,174
425
1,196
3,321
1,816
697
800
1,733

16
561
8353
777
890
262
629
3146
441
1,200
2957
1,818
704
813
1,735

6,039
1,986
5153
22,639
64,197
41,478
22719
30,376
19,460
40,027
81,607
73,543
10,483
8,656
39,069

6,940
2,892
4608
19827
77,521
49,777
27744
34,371
25,379
45,067
90,780
90,620
10,494
8955
40,495

9,758
4,344
4498
30103
98,334
65,111
33224
44,982
38,556
60,613
120676
119,465
11,514
9539
46,610

9,581
4,263
5269
31 178
104,322
70,508
33814
46738
40,029
64,672
126 605
124,325
11,894
9462
47,671

8,784
4,402
4389
32743
106,446
72,253
34193
50,243
42,380
67,472
130,457
131,156
12,124
9,432
49,525

9,479
4,990
4881
32614
106,943
72,250
34692
52,351
42,669
67,920
134,521
135,520
12,210
9363
51,751

8,686
5,385
4660
28,427
103,431
69,305
34126
50,334
42,817
66,257
134,514
133,286
12,089
9337
52564

SURVEY OF CURRENT BUSINESS

August 1994

•

97

Table 2.—Gross State Product for States and Regions, by Industry for Selected Years In 1977-91—Continued
[Millions of 1987 dollars]
1977

1982

1987

1988

1989

1990

1991

||

1.977

1982

1987

Hawaii
Total gross state product
Farms
Agricultural services, forestry, and fisheries
Mining
Construction
Manufacturing
Durable goods ....
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Federal civilian government
Federal military
State and local government

Total cross state oroduct

1990

1991

16,413

17,894

21,354

23,034

24,392

25,663

26,130

13,785

17,313

22,054

24,640

26,746

28,556

29,352

229
42
0
1,162
851
235
616
1,568
547
1 625
2,641

281
53
3
917
859
133
726
1,640
634
1 872
3,518

359
100
12
1,157
926
182
744
2,137
916

306
113
10
1,468
1,050
229
821
2,481
1,021

328
133
12
1,654
987
239
748

303
170
25
1,742
980
247
733

144
99
1,683
1,729
1,018
641
378

148
114
2,134
1,779
1,066
676
390

145
125
2,398

2,839

106
42
345
1,011
709
413
296
1,522
548
1 714
2,810

134
68
1,308
1,401
976
588
388

2,656

77
28
190
1,147
583
368
216
1,239
352
1271
2,110

122
63
679
1,245
948
568
380
2,265

2,480

2,629

977
2189

3,580

5,020

6,299

3,555
7,676

1,019
2419
3,981

3,223

2744
3,962
4,427

1,102
1,862
1,563

1,174
1,726
1,639

1,177
1,821
1,617

356
101
10
1,234
971
215
756
2,362
1,029
3234
4,276
4,738
1,193
1,807
1,722

337
321
1,111

344
358
1,506

407
328
1,599

3438

4,513
5,131
1,197
1,785
1,878

1,068

1,107

3535
4,935
5,392

3465
4,838

1,169
1,793

5,616
1,102
1,849

2,002

2,093

1605

1,082

1,172

8,430

2646
4,288
8,872

2729
4,445
9,557

427
311
1,686

457
354
1,744

482
325
1,862

1,050
684
366
2,691
1,216
2778
4,529
9,974
497
337
2,008

2,744

Washingto i

38727

38245

45097

47105

48445

49843

50618

62506

73158

85418

88971

94081

99099

101 763

709
190
112

870
250
59

1 217

1335

1 227

1282

1286

1 106

1 363

554
61

533
59

478
64

583
77

602
86

458
86

480
128

1 784
1,209

1 626
1269

1 685
1,217

1 768
1 358

1 818
1 579

201

251

282

323

2428
8436

1318

3958
16658

4912
2,127

4056
12323
8604

15719

6331
2,105

1530
9918
7211

3846

7039

10575

11 372

3906

3700
2404
3500

5,144
7041
6148

5,286
7486
6230

8832
14550
13476

9471
2778

4446
17855
12390
5,466
7672
6705
10267
15743
15260
2745

1,892
8112

1,842

1867

18166
13406
4,760
8543
7,357
10923
16771
17332
2876
1,881

8360

8482

9107

2011
3594

6712
5660

996
157
3817

7710
6041
1013

2,707

4102
3206
4226
7689

7196
1 174

1,675

1,933

2151

2153

4808

10077
7347
2,729

10238
7553
2,685
4362
3,623

9902

11 646
8133
3,513

5072
8505

10162

8185
1 328

9377
2384

11 521

1,584

1692
7751

4625
8064

4861
8072

9853
7209
2,643
4668
3670
4923
8590

7461
1 268

7917
1273

8167
1 377

4351
3,317

7211
2,692
5040

3813

152

177

174

172

176

171

4190

4046

4165

4224

4326

4475

NOTE.—The GSP estimates are consistent with the estimates of gross product by industry for the Nation that
were published in the November 1993 SURVEY OF CURRENT BUSINESS.




1989

Nevada

Oregon

Farms
Agricultural services forestry and fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Federal civilian government
Federal military
State and local government

1988

4753
3460
6348

6332

3,719
5568
4579
7200
14074
2422

2671
1827
8113

15229

14011

4864

19199
13775
5424

8106
6993
10638
16444
16099
2957

340
5071

98

SURVEY OF CURRENT BUSINESS

August

Foreign Direct Investment in the United States:
Detail for Historical-Cost Position and Related Capital and Income Flows, 1993
THE FOLLOWING SET of tables presents detailed estimates of the
foreign direct investment position in the United States on a
historical-cost, or book-value, basis and of the related capital
and income flows. These tables supplement an article in the
June 1994 SURVEY OF CURRENT BUSINESS that summarized developments in 1993 in the U.S. direct investment positions at
historical cost.1 Tables 16 and 17 show estimates of the position,
capital flows, and income at the most detailed levels possible—
that is, for every country from which there was investment and
for every industry in which investment was made. Estimates for
1993 are preliminary; those for 1991-92 are revised.
The estimates in tables 3-18 differ in two respects from those
for comparable items included in the international investment
position of the United States and in the U.S. international transactions accounts.2 First, the estimates in tables 3-18 are on a
historical-cost basis, which is the only basis on which detailed
estimates by country and industry are available; in contrast,
the direct investment position estimates in the international investment position of the United States are presented on both
1. See "Direct Investment Positions on a Historical-Cost Basis, 1993: Country and
Industry Detail," SURVEY OF CURRENT BUSINESS 74 (June 1994): 72-78.
2. See "The International Investment Position of the United States in 1993," and "U.S.
International Transactions, First Quarter 1994," SURVEY 74 (June 1994): 63-71 and 86-127.




a current-cost and a market-value basis, and direct investment
income and capital flow estimates in the U.S. international transactions accounts are presented on a current-cost basis. Second,
the estimates of direct investment current-account items (income
and services) in tables 3-18, unlike those in the U.S. international
transactions accounts, are net (after deduction) of U.S. and foreign withholding taxes; estimates gross of withholding taxes are
not available by country or by industry.
Table i shows the total foreign direct investment position in
the United States and a comparable rate of return on all three
valuation bases (historical cost, current cost, and market value);
table 2 reconciles the estimates presented in tables 3-18 with
those included in the U.S. international transactions accounts.
Tables i through 18 follow. HI

The survey from which the estimates were derived was conducted
by Gregory G. Fouch under the supervision of James L. Bomkamp.
Peter J. Fox, Nancy F. Halvorson, Tracy K. Leigh, Beverly E.
Palmer, and Linden L. Webber assisted with the processing of
the survey and with the preparation of the estimates. D. Richard
Mauery programmed the tables.

SURVEY OF CURRENT BUSINESS

August 1994 •

99

Table 1.—Alternative Position and Rate-of-Return Estimates for Foreign Direct Investment in the United States, 1991-93
Millions of dollars
Changes in 1993 (decrease (-))

Changes in 1992 (decrease (-))
Valuation method

Position at
yearend 1991

Total

418,780
491,877
674,218

Historical cost..,
Current cost
Market value ....

Position at
yearend 1992

Attributable to:
Capital inflows

Valuation
adjustments

^,596
-4,706
12,740

11,452
9,888
9,888

5,182
22,628

Attributable to:
Total

425,636
497,059
696,846

19,632
19,665
48,790

-2,998
-1,701
27,424

22,630
21,366
21,366

Direct investment income

1992

1991
l

-2,084
-3,244
-2,942

Historical cost
Current cost23 .,
Market value ,

Direct investment position at yearend

1993

1990

6,374
5,110
4,067

3,740
2,176
-871

394,911
468,145
539,601

445,268
516,724
745,636

Percent

Millions of dollars
Valuation method

Position at
yearend 1993

Valuation
adjustments

Capital inflows

Rate of return

1992

1991

418,780
491,877
674,218

1991

1993

445,268
516,724
745,636

425,636
497,059

1992

1993

0.9
.4
-.1

-0.5

-.7
-.5

1.5
1.0
.6

1. On a historical-cost basis, direct investment income excludes capital gains and losses and is computed without
a current-cost adjustment to earnings; it equals the sum of lines 9 and 14 of table 2. The rate of return based
on historical cost equals this measure of income divided by the average of the beginning- and end-of-year historicalcost direct investment positions. In accordance with international guidelines, this measure of income, like the other
measures shown in this table, is recorded gross (before deduction) of U.S. and foreign withholding taxes on distributed earnings and interest. However, it differs from the measure disaggregated by country and industry, in subsequent
tables, which is recorded net (after deduction) of withholding taxes, because withholding tax data are not available
by country or industry.
2. On a current-cost basis, direct investment income excludes capital gains and losses and includes a currentcost adjustment to earnings; the latter revalues depreciation, depletion, and expensed exploration and development

costs to reflect current-period prices, as required for the national and international economic accounts. Income on
a currenteost basis equals line 1 of table 2. The rate of return based on current cost equals this measure of
income divided by the average of the beginning- and end-of-year current-cost direct investment positions.
3. On a market-value basis, direct investment income measures financial return to investors; thus, it includes
capital gains and losses but excludes the current-cost adjustment, which is an economic accounting adjustment,
and currency translation adjustments, which in company financial statements are taken directly to an equity account,
without passing through the income statement. It is derived as line 1 minus line 8 of table 2, plus the part of
the total in column 11 of table 5 that represents capital gains and losses other than currency translation adjustments.
The rate of return based on market value equals this measure of income divided by the average of the beginningand end-of-year direct investment positions at market value.

Table 2.—Foreign Direct investment in the United States: Reconciliation
With International Transactions Accounts

Table 3.—Foreign Direct Investment Position in the United States
on a Historical-Cost Basis

[Millions of dollars]
Line

1 Income with current-cost adjustment, before deduction of
withholding taxes (IT table 1, line 26, with sign reversed)
2
Earnings
3
Distributed earnings
4
Reinvested earnings
$
Interest, net
6
U.S. affiliates' payments
7
U S affiliates' receipts
R Less: Current-cost adjustment to earnings
9 Less: Withholding taxes, net
m
On distributed earnings
11
On interest net
12
On U.S. affiliates' payments
r?
On U.S. affiliates' receipts
14 Equals: Income without current-cost adjustment, after deduction of
withholding taxes (shown in the accompanying tables)
15 Capital inflows with current-cost adjustment (IT table 1, line 57)
16
Equity capital
17
Increases in equity capital
18
Decreases in equity capital
19
Reinvested earnings (line 4)
?n
Intercompany debt
?1
U.S. affiliates' payables
??
U.S. affiliates' receivables
?3 Less: Current-cost adjustment (line 8)
24 Equals: Capital Inflows without current-cost adjustment (shown in
the accompanying tables
Equity capital (line 16)
?*>
26
Reinvested earnings without current-cost adjustment (line 19 less line
23)
27
Intercompany debt (line 20)
28 Royalties and license fees, before deduction of withholding taxes,
net
29
U.S. affiliates' payments (IT table 1, part of line 22, with sign
reversed)
30
U S affiliates' receipts (IT table 1 part of line 8)
3-t Less: Withholding taxes, met
fl?
On U.S. affiliates' payments
On U S. affiliates' receipts . . .
^
34 Equals: Royalties and license fees, after deduction of withholding
taxes, net (shown in the accompanying tables)
3S
U.S. affiliates' payments
36
U.S. affiliates' receipts
1
17 Charges for other services, net
U.S. affiliates' payments (IT table 1, part of line 23, with sign
38
reversed' also shown in the accompanying tables)
U.S. affiliates' receipts (IT table 1, part of line 9, also shown in the
39
accompanying tables)

Direct investment position
1991

1992

1993

Millions of dollars
1991

-3,244
-11,978
8307
-20 285
8734
11 260
2525

2,176
-4,785
6865
-11 650

5,110
-1040
8355
-9396

6961

6150

9600
2639

12093
5943

-1,160

-1,564

-1,264

263
300
-37
89
126

174
230
-56
76
132

76
277

-2,347

3,566

-201

96
297
6,298
21,366
21,696
26845

-3,688

9,888
25,466
30991
5526
-1 1 650
-3929
3045
-6,973

-9396
9065
15271
-6,206

-1,160

-1,564

-1,264

27246
44043

11 452
25466

22630
21 696

-19125
2328

-10086
-3929

-8,132
9065

26,086
44,043
51 828
7786
-20 285
2328
6017

2,254

2,368

5149

2,432

2830

3069

3247

576
110
139
29

701
116
151
35

816
119
160
41

2,143

2,253

2691

2918

2,313
3088

548
-306

666
-1,264

775
-480

4342

4628

5005

4,649

5,893

5,484

1. Withholding taxes on "other" services transactions between U.S. affiliates and their foreign parent groups are
assumed to be negligible, and no estimates of them are made. Therefore, there is no difference between the "before-tax" estimates shown in the international transactions accounts and the "after-tax" estimates shown in the accompanying tables.
NOTE.—This table reconciles the estimates for which country and industry detail are presented in this report with
the aggregate estimates presented in the U.S. international transactions accounts in the June 1994 SURVEY OF
CURRENT BUSINESS (see U.S. International Transactions, First Quarter, 1994," SURVEY 74 (June 1994): 86-127).
In the international transactions accounts, the earnings component of direct investment income and the reinvested
earnings component of capital inflows are adjusted to a current-cost basis, and direct investment current-account
items are adjusted to be gross (before deduction) of U.S. and foreign withholding taxes. These adjustments are
not made to the estimates in tables 3-18 in this report, because the source data needed to make the adjustments
by country and industry are not available.
IT International transactions




All areas
Petroleum
Manufacturing
Wholesale trade .
Other

1992

Change

Percent

Millions of dollars
1993

1992

1993

418,780
37,222
158,559
58,171
164,828

425,636
34,347
163,354
59,024.
168,911

445,268
32,647
166,698
59,290
186,633

6,856
-2,875
4,795
853
4,083

19,632
-1,700
3,343
267
17,722

Canada
Petroleum
Manufacturing
Wholesale trade
Other

36,341
1,511
15,440
1,690
17,700

37,845
1,649
17,005
1,506
17,686

39,408
1,991
16,600
1,101
19,716

1,504
138
1,564

1,563
343

-15

2,031

Europe
Petroleum
Manufacturing
Wholesale trade
Other

252,692
28,790
116,039
23,444
84,419

251,206
26,006
117,617
21,811
85,772

270,767
24,979
122,590
21,776
101,422

-1,486
-2,784
1,579
-1,633
1,353

19,561
-1,027
4,973
-35
15,650

Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade .
Other

59,776
12,422
18,889
6,251
22,215

65,323
11,783
22,994
5,724
24,822

68,477
12,424
22,856
6,253
26,944

5,547

United Kingdom
Petroleum
Manufacturing
Wholesale trade .
Other

98,236
13,980
40,838
5,686
37,732

89,073
10,901
40,777
5,096
32,299

japan
Petroleum
Manufacturing
Wholesale trade
Other

93,787
150
18,258
30,681
44,698

Other
Petroleum
Manufacturing
Wholesale trade
Other

35,960
6,771
8,822
2,356
18,011

-183

-405
-405

-639

3,154
641

4,105

-138

-527

2,608

529
2,122

95,415
9,367
42,543
4,908
38,598

-9,162
-3,079
-61

6,342
-1,534
1,766

-590

-189

-5,433

6,299

97,537
140
18,321
32,841
46,235

96,213
254
17,746
33,910
44,303

3,750
-10
63
2,160
1,538

-1,324
114

39,047
6,552
10,411
2,866
19,218

38,879
5,423
9,762
2,504
21,190

3,087

-168

-219

-1,129

1,590
510
1,207

-650
-362

-575

1,069
-1,932

1,973

1992

1993

1.6
-7.7

3.0
1.5
2.5
4.1
9.1
10.1

-10.9
-.1
-.6
-9.7

1.4
-7.0

1.6

9.3
-5.1
21.7
-8.4
11.7
-9.3

-22.0
-.1
-10.4
-14.4
4.0
-6.6

.3
7.0
3.4
8.6
-3.2
18.0
21.6

6.7

4.6
-4.9

2.0
.5
10.5

4.1
20.8
-2.4

-26.9
11.5

7.8
-3.9

4.2
-.2
18.2

4.8
5.4
-.6
9.2
8.5
7.1
--14.1
4.3
-3.7
19.5
-1.4
81.2
-3.1

3.3
-4.2

-.4
-17.2
-6.2

-12.6
10.3

SURVEY OF CURRENT BUSINESS

1OO • August 1994

Table 4.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis by Account
[Millions of dollars]
1992

1993

Intercompany debt
Total

Ail areas
Petroleum
Manufacturing
Wholesale trade
Other

Equity1

Net

U.S.

affiliates'
payables

Intercompany debt

US.
affiliatesreceivables

Total

Equity1

Net

U.S.

U.S.

affiliates'
payables

affiliates'
receivables

425,636
34,347
163,354
59,024
168,911

309,031
28,817
110,365
39,605
130,243

116,605
5,529
52,990
19,418
38,668

175,006
9,239
64,722
26,927
74,119

58,401
3,709
11,733
7,508
35,451

445,268
32,647
166,698
59,290
186,633

319,598
29,346
110,966
40,107
139,180

125,670
3,302
55,732
19,184
47,453

190,277
7,461
66,071
26,644
90,102

64,607
4,159
10,338
7,461
42,649

Canada
Petroleum
Manufacturing
Wholesale trade
Other ....

37,845
1,649
17,005
1,506
17,686

31,904
(D)
15,262
1,075
(D)

5,941
(D)
1,742
432
(D)

9,830
754
3,635
828
4,613

3,889
(D)
1,893
396
(D)

39,408
1,991
16,600
1,101
19,716

33,257
1,504
14,705
790
16,258

6,151
487
1,895
311
3,458

10,229
623
3,049
726
5,831

4,078
135
1,154
415
2,373

Europe
Petroleum
Manufacturing
Wholesale trade
Other ....

251,206
26,006
117,617
21,811
85,772

175,790
23,037
74,683
12,424
65,646

75,416
2,969
42,934
9,387
20,126

111,660
5,901
51,053
11,961
42,745

36,244
2,932
8,119
2,574
22,620

270,767
24,979
122,590
21,776
101,422

184,236
22,717
77,050
12,600
71,869

86,531
2,262
45,540
9,176
29,553

123,744
4,701
53,368
11,663
54,012

37,213
2,439
7,828
2,487
24,459

65,323
11,783
22,994
5,724
24,822

37,051
11,641
11,219
2,645
11,546

28,272
142
11,775
3,078
13,277

32,075
(D)
13,990
3,554
(°)

3,803
(D)
2,214
475
(D)

68,477
12,424
22,856
6,253
26,944

39,037
(D)
10,464
3,107
(D)

29,439
(D)
12,392
3,146
(D)

33,333
(D)
14,345
3,421
(D)

3,893
112
1,952
275
1,554

89,073
10,901
40,777
5,096
32,299

59,567
8,449
23,736
2,424
24,958

29,506
2,453
17,040
2,673
7,341

46,174
(D)
19,658
3,825
(D)

16,667
(D)
2,618
1,153
(D)

95,415
9,367
42,543
4,908
38,598

63,163

32,252

(D)

52,606
(D)
20,386
3,497
(D)

20,354
2,092
2,518
1,195
14,549

Japan
Petroleum
Manufacturing
Wholesale trade
Other

97,537
140
18,321
32,841
46,235

72,391
(D)
14,277
23,671
(D)

25,146
(D)
4,044
9,170
(D)

31,279
108
4,763
12,319
14,090

6,133
(D)
719
3,149
(D)

96,213
254
17,746
33,910
44,303

72,089
(D)
12,961
24,591
(D)

24,124
P)
4,785
9,319
(D)

32,093
(D)
5,242
12,137
(D)

7,968
151
457
2,818
4,543

Other
Petroleum
Manufacturing
Wholesale trade
Other

39,047
6,552
10,411
2,866
19,218

28,946
4,378
6,142
2,436
15,989

10,102
2,174
4,269
430
3,229

22,237
2,476
5,271
1,819
12,671

12,135
302
1,002
1,389
9,442

38,879
5,423
9,762
2,504
21,190

30,016
P)
6,250
2,125
(D)

A

8863

24,211
(D)
4,411
2,119
(D)

15,348
1,434
900
1,740
11,274

Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade
Other
United Kingdom
Petroleum
Manufacturing
Wholesale trade
Other
.

D

.

. .

Suppressed to avoid disclosure of data of individual companies.
1. Includes capital stock, additional paid-in capital, retained earnings, and cumulative translation adjustments.




24,675
2,606
(D)

*£
2,302

379
(D)

SURVEY OF CURRENT BUSINESS

August 1994

• 1O1

Table 5.—Change in the Historical-Cost Foreign Direct Investment Position in the United States by Account
[Millions of dollars]
Valuation adjustments

Capital inflows
Intercompany debt
Total

(2)

(D

Total

Capital
gains and
losses, including
translation
adjustments

Other

(10)

(11)

(12)

6,973
1,093
2,284
292
3,304

-4,596
-1,678
-1,664
-1,094

-5,171
-1,565
-1,653
-270

-824

-159

-1,684

1,525

1,194
P)
634
16
P)

2,227

-1,004

3,232

5,033
1,095
888
530
2,521

-7,508
-2,002

-3,676
-1,562

-936

-919
-119

1533

-1,076

-1,842

Equity capital

Total

Net

Increases

Decreases

(3)

(4)

(5)

Reinvested
earnings

Net

Increases
in U.S.
affiliates'
payables

Increases in
U.S.
affiliates'
receivables1

(6)

(7)

(8)

(9)

1992

AH areas
Petroleum
Manufacturing
Wholesale trade
Other
Canada
Petroleum
Manufacturing
Wholesale trade
Other

.

Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade
Other

1,947

1,995

4,242

15,059

1,359
-1
-1,822

1,518
(D)
1,053
43
P)

2,100
P)
1,072
43
P)

-1,486
-2,784

6,023

13,745

1,579

4,743

1,353

2,514
19
4,272

796
8,189

17,000
264
5,868
953
9,915

5,547

3,621

1,504
138
1,564
-183

-15

Europe
Petroleum
Manufacturing
Wholesale trade
Other

-1,633

.

.

. ..

. .. .

United Kingdom
Petroleum
Manufacturing
Wholesale trade
Other
Japan
Petroleum
Manufacturing
Wholesale trade
Other

.

.

18

2,906

2,669

-253

1,660

40
133
215
2,281

242
P)

2,767

3,384

iJQ71

-527

-609

2,608

2,108

-9,162
-3,079

-3,462
-1,913

%

5,526

305
1,444
399
3,377

-3,704

246
1,125
157
1,726

-737
-593

952

aS
27
P)

617
P)
159

4,186

7,625

8,620

-10
63
2,160
1,538

-111

i£
906

P)
1,795
950
P)

995
0
222
44
729

3,271
65
934
448
1,823

694
15
78
198
403

-219

2,577

51
856
250
1,420

912

-960

3,255

3,750

1,967
-44
1,638
290
84

1,637
1,204
1,162

-1,798

-1,989

(D)

3,045

-647

-443

-5,433

949
1,639
1,709

-3,929
-2,052

582
44
19
0
519

(D)
1,637
71
(D)

P)

669
-1,119

-2,142

-228

669

-10,086

-8,675

-590

1,590
510
1,207

. .

-782

186
8,225

-639

3,087

Other
Petroleum
Manufacturing
Wholesale trade
Other

-724
-259

25,466

4,105

-61
.

11,452
-1,197
6,459

30,991
491
9,669
2,394
18,437

-2,875
4,795
853
4,083

fl

153
385
-144
-531

945
-3,319
-153

P)
-79
100
P)

-959

-604
-124

554
116
-1,151

-4,018
-1,745
-1,491

1,014

-184
-599

346
1,922

390

-650
-603

619
P)
1,191

377
571
-5
-1,097

-671

923

P)

-270

-5,960

-1,000

P)
-1 492

-1,033

186
524
196

957
-820

-103

-784

P)

-3,954

514
P)
-85
859
P)

-71
-540
-126

-3,218

-514

-937

278
691
770
-85
323
673
-140

1,374
-43
1,009
137
271

1,865

204
-1,905

9,065
-2,228
2,743

15,271
-1,778

-346

-235

-282

15,983

-1,984

-52
-227

-97
-1,608

-101

1,364
70
531

397
205

-3
-149

23

-182

1,808

-1,652
-2,919

-875

226
P)
234
306
P)

2,641

4,960
P)
459
381
P)

-5,700
-1,165
-3,444

-1,281

256
P)
408
-187
P)

-435

-673

490
-58
355
-67
260

1,120

6,206
450
-1,395
-48
7,198

-2,998
-1,057
-3,994

188

-1,220

-385

2,445

82
500

-383

-<3
&
-2,484

-?3

-730
-361

P)

101

-4
-419

-886

521
-172

-175

-48
220
1,124

-78
-172

182
5
-165

-96
438

576
-114

12

400
355
-205

2,682
-3,832
-440

-17

3,024

ja

3

-3,216

-JS
P)

-2,162

238
106
-467

599

n

938
-179

117
315
686

1993

All areas
Petroleum
Manufacturing
Wholesale trade
Other
Canada
Petroleum
Manufacturing
Wholesale trade
Other

. . . .

Europe
Petroleum
Manufacturing
Wholesale trade
Other

.
. ...

19,632
-1,700
3,343

22,630

21,696

26,845

267
17,722

1,083
14,852

1,381
6,500
1,664
12,152

1,442
7,217
1,856
16,330

5,149
61
717
192
4,178

-8,131

-643

-6,085

8,785

1,563
343

2,783

3,599

211

>)
989
41
P)

210
0
59
7
144

-1,026

209
414

12,648

7,338

-405
-405

-215

2,031

2,375

(D)
931
34
(D)

19,561
-1,027
4,973

19,590

9,407

172

791

847

7,353

3,674

4,264

-35

-4

509

589

15,650

12,069

4,433

6,949

Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade
Other

3,154
641
138
529
2,122

2,519
897
378
304
941

2,099

2,286

P)
387
74
P)

P)
449
76
P)

United Kingdom
Petroleum

6,342
-1,534

6,504
-1,414
2,883

2,377

(D)
811
163
(D)

-446

107
123
1,079
-1,754
702
-1,130

1,766
Wholesale trade
Other
japan

-189

-107

6,299

5,141

-1,324

114
Manufacturing
Wholesale trade
Other
Other
Petroleum
Manufacturing
Wholesale trade
Other

-575

1,069
-1,932
-168

-1,129
-650
-362

1,973

-552

222
2,162

399

a

-131
-586
-102

P)

1,218

-932

11,115

87
1,073

12,084
-1,200

2,606

-26
-670
-128
-203

-121

-707

2,315

£19
P)
969
-493
-291

-87
1,840

-301

-211

-298

-1,791

9,427

11,267

187
26
61
3
97

-747

1,167
P)
617
67
P)

1,258

1,495

P)

3,319
P)
910
163
P)

942

1,381
435
1,244
101

2,746

6,433
-1,485

3,687

4,995

6,020

4
813
777
3,402

4
841
814
4,361

1,024
0
28
37
959

3,694

4,368

(D)
1,082
343
P)

J3
412

674
6
41
68
558

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow.




3,241
55
590
80
2,517

1,348

P)

Q
fl

182
-626

162
-466

P)
828
-371

-460

355
-133

727
-328

P)

7,518

-4,419

-1,022

813

-5
153
-3,136

108
741
149
-2,020

A

-1,754

-1,238

-399

-1,431

148
-877

-70
-955

P)

-757

-51
P)

-182

90
P)
-262
-200

P)
-100

-816

2,869

134
-819
-191
-345

-2,687

P)

-1,037

P)
1,716

P)
1,153

-780

P)

-488

P)

996
P)
-68
P)
1,411

-2,313

-31
3,581

2,170
-92
13
-538

-2
435
199
-3

-162
-120

-1,117

-864

-82
1,157

-18
1,085

1,836
P)

-878

-456

-262
-330

-698

43
P)

7
-10

-8

P)

P)

-178

-372

1,975
P)

3,213
1,132

-870

-425

-859

300
P)

-102

351
1,832

0

-97
-584
-189

P)

-234

-1,026

225
1,181

-440

-fl

-111

-29

634

P)

-2,958

-1,198
-2,381

-255
-517

-311

n

-75
-381

30

726
-268

21
227
746
-361
-117
-253

-64
72
-423

7
-615

-9
194
-445

0
-23
-203
-219

NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

1O2 « August 1994

SURVEY OF CURRENT

BUSINESS

Table 6.—Foreign Direct Investment in the United States: Earnings and Reinvestment Ratios
[Millions of dollars or ratio]
1992

AH areas
Petroleum
Manufacturing
Wholesale trade
Other .
Canada
Petroleum
Manufacturing
Wholesale trade
Other

Reinvested

-3,221
938
1,181
-445
-4,895

6,865
269
2,300
516
3,780

-10,086
669
-1,119

328
(D)
431
P)
67

772

621
1,090.
1,370
-226
-1,613

Europe
Petroleum
Manufacturing
Wholesale trade
Other

Reinvestment ratio1

Distributed

Total

-8,675

385

D

597

4,325
144
2,108
367
1,706

-144
-531

(22)
()

-3,704
945

(2)

2,032
(D)
1,750
P)
98

2,302
(D)
1,226
(D)
882

-270

-196
-784

-2,656
-70
-486
-18
-2,082

1,298
1
53
107
1,137

-3,954
-71

-1,513
(D)
-134
P)
-1,268

.99
.87
(22)
()

-540
-126

-3,218
-1,984
-52
-97
-1,608

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Reinvested earnings divided by earnings.

8

8,355
1,123
2,473
653
4,106

-8,131
204
-1,905

920

-1,026
-26

$15

258

461

4,515
(D)
2,912
(D)
321

5,447
(D)
1,838
(D)
2,112

-187

(D)
-531

217
(D)

560
(D)
95
55
(D)

Reinvestment ratio1

-346

-6,085

-670
-128
-203
-932

87
1,073
-301

-1,791
-747

(2)
(22)
(2)
()
(2)

-434

0
P)
.36
(22)
()

3,894
P)
1,541
P)
1,934

752
2,916

P)
P)
P)
191

-466

(2)

P)

(2)
(2)
(2)
(2)
(2)
(2)
(2)

-2,994
-5
-1,347
355
-1,998

1,425
1
84
202
1,138

-4,419
-5
-1,431
153
-3,136

(2)
(2)
(2)

2

-1,191
163
(D)
P)

564
15
(D)
(D)
395

-1,754
148

(2)

-877

(2)
(2)
(2)

.42
.59

P)
(2)

-399

1,250
230
336
255
430

-70

-465
-786

614
2,591
-583

128
-1,055
16
328

1,122
P)

2,772

-136

-858

P)
406

1,811
292
1,528

207
P)
11
7
P)

-1,197
167
631

-269

-594
-195

-42
46

1,651
248
721
297
384

127

-465
-892

374
84

31
94
2

323
P)
P)
P)
707

93
P)
P)
P)
54

-400

-19
-385

n

65
-861

.91

1,954

8P)

-338

.43

Reinvested

149

P)
-1,186
174
P)

(2)

-955

1,490
854
173
137
326

-387

1,381
435
1,244
101

-560

-612

.74

162

Distributed

3,444
389

$
P)
(2)

182
-626

Total

(2)
.15
(22)
(2)
()

1,902
(D)
841
(D)
928

()
(2)
(2)
(2)
(2)

-227

224
1,327
569
307
-1,979

Reinvested

3,283
(D)
2,085
(D)
528

fl .29

186
524

471
(D)
93
(D)
340

.86

(2)

United Kingdom
Petroleum
Manufacturing
Wholesale trade
Other

Distributed

-113

-153

377
571
-5
-1,097

Total

.89

-3,319

353
1
84
48
220

Earnings

-106

(22)
(2)
()

-737
-593

200
378
655
43
-876

Other
Petroleum
Manufacturing
Wholesale trade
Other

(22)
()

-443
-153

Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade
Other .

japan
Petroleum
Manufacturing
Wholesale trade
Other .....

(2)
.71
(22)
(2)
()

-960

3
()

1992-93 change in earnings

1993

Earnings

65
279
82
230
200
-650

27
653

2. Reinvestment ratio is not defined because reinvested earnings are negative.
NOTE.—In this table, distributed earnings are shown before deduction of withholding taxes. Unlike in the international transactions accounts, earnings and reinvested earnings are shown here without a current-cost adjustment.

D

Table 7.—Foreign Direct Investment in the United States: Income and its Components
[Millions of dollars]
1992

Ail areas
Petroleum
Manufacturing
Wholesale trade
Other
Canada
Petroleum
Manufacturing ...
Wholesale trade
Other
Europe
Petroleum
Manufacturing ...
Wholesale trade
Other
Of which:
Netherlands
Petroleum
Manufacturing
Wholesale trade
Other
United Kingdom
Petroleum
Manufacturing
Wholesale trade
Other
japan
Petroleum
Manufacturing ...
Wholesale trade
Other
Other
Petroleum
Manufacturing ...
Wholesale trade
Other
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.

D




Total
(-col. 2
less col. 3
plus col. 4)

Earnings

(D

(2)

3,566
1,370
4,398
141
-2,343
659
-49
525

-3,221
938
1,181

-109

292

5,389
1,314
4,044
284
-252

Withholding taxes
on distributed earnings

(3)

-445

-4,895
328
P)
431
P)
67
621
1,090
1,370
-226

-1,613

2,149
448
1,370
280
51

-876

4,079
469
3,075
58
477
-1,724
-62

2,032
P)
1,750
P)
98
-2,656
-70

-357

-486

29
-1,334
-758

-18
-2,082
-1,513

168
186
-63
-1,049

-fl
-J3

200
378
655
43

1993

Interest (net of withholding taxes)
U.S.

U.S.

Net

affiliatespayments

affiliates'
receipts

Total
(-col. 8
less col. 9
plus
col. 10)

(4)

(5)

(6)

(7)

7,017
450
3,305
609
2,653
343
-1
95
23
226

9,524
551
3,612
751
4,610
386
2
104
26
254

164
9
80
11
65

4,932
233
2,753
520
1,426

6,757
330
3,041
575
2,810

15
0
4
2
8

1,963
70
719
239
935

89
P)
40
P)
39

2,136
174
1,366
178
419
974
8
134
58
774
768
211
322
7
228

2,084
75
782
244
984
3,138
P)
1,498
P)
1,190
1,241
8
137
114
981
1,141
211
330
36
564

230
19
88
23
101

12
P)

$

41

(

l
10

26
13

«
T

2,508
101
308
142
1,957
43
3
9
3
29
1,825
97
288
55
1,385

6,298
1,640
3,728
757
173
-35
-21

9,184
1,327
5,693
504
1,660

121
5
63
5
48

1,878
266
335
440
838

1,001

4,939
586
3,358
293
702
-2,319

fi

P)
772
267

n3

56
208
373

-256

-96
337

-1.18
420
-1,551
-532

335

<]
29

-522

336

-273

-72

WithholdEarnings

(8)

Interest (net of withholding taxes)

on distributed earnings

U.S.

U.S.

Net

affiliates'
payments

affiliates'
receipts

(9)

(10)

(11)

(12)

i

6,351
326
3,293
477
2,255
135
-5
42
18
80

11,997
424
3,656
735
7,183
273
5
54
20
194

5,646
98
363
258
4,927
137
9
12
2
114

4,515
P)
2,912
P)
321

150
P)
65
P)
62

4,818
155
2,846
417
1,401

8,723
242
3,184
584
4,714

3,905
87
338
167
3,313

-187

21
P)
3
2
P)
57
7
29
1
20

2,086
42
869
225
950
1,713
P)
1,302
P)
194
723
4
167
76
475
674
172
237
-34
299

2,221
44
925
229
1,023

136
2
57
5
72

4,458
137
1,429
200
2,692
1,818
5
170
105
1,539
1,183
173
248
25
737

2,745

224
1,327
569
307
-1,979
-106

P)
P)
-113

258

P)
-531

217
P)
3,283
P)
2,085
P)
528
-2,994
-5
-1,347
355
-1,998
-1,191
163

8

-560

277
13
133
27
103
64

48

0
12
29
15
0

8
12

s
&
1,095

<!

29
1,063
509
1
11
59
438

NOTE.—In this table, unlike in the international transactions accounts, income and interest are shown net of withholding taxes, and income and earnings are shown without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 10J

Table 8.—Foreign Direct investment in the United States: Royalties and License Fees and Charges for Other Services
[Millions of dollars]
1992

1993

Charges for other services1

Royalties and license fees

U.S.

U.S.

affiliates'
payments

affiliates'
receipts,

2,253
13
1,764
459
16

2,918
14
2,074
641
189

666
1
310
182
173

-1,264

Canada
Petroleum
Manufacturing
Wholesale trade
Other

-32
2
14

48
2
23
18
6

80
0
9

298

Europe
Petroleum
Manufacturing
Wholesale trade
Other

1,739
11
1,609
11
107

2,180
13
1,841
161
165

441
1
232
150
58

168
1
151
(D)
P)

272
1
164

104
0
13

'8

8

868

108
0
43

42

975
P)
899
4
(D)

569
0
153
449
-33

670
0
197
460
13

100
0
45
10
46

-742

-24
0
-12
(DD)
()

21
0
14
2
5

45
0
25
(D)
P)

-338
-214

Net

All areas

Petroleum
Manufacturing
Wholesale trade
Other

8

Of which:
Netherlands ...
Petroleum .
Manufacturing
Wholesale trade
Other
United Kingdom
Petroleum .
Manufacturing
Wholesale trade
Other

fi( )
D

Petroleum
Manufacturing
Wholesale trade
Other
Other
Petroleum . . . . . .
Manufacturing
Wholesale trade
Other

U.S.

affiliates'
receipts

U.S.
affiliates'
payments

Net

1,115
63
363
141
548

633
260
224
41
108

186
160
-49

2,730
108
1,400
456
766

2,542
217
1,215
296
815

87
-4
102
2
-13

282
9
190
14
69

195
13
88
12
82

674
32
193
131
319

864
162
361
46
295

794
8
189
336
261

1,570
3
152
903
513

366
53
63
87
163

739
249
182
95
213

775
0
287
258
229

895
35
222
118
521

597
258
189
50
100

-19

52

2
12
-33

20
19

70
0
11
8
51

-14

2,692
212
1,196
335
950

3,175
506
1,072
633
964

1,834
(D)
1,646
11
P)

2,222
P)
1,839
162
P)

388
0
193
151
44

245
P)
203
-1
(D)

487
6
297
17
167

242
(D)
94
18
(D)

138
0
101

226

88
0
10

8

8

8

731
121
168
57
386

994
(D)
283
23
(D)

911
P)
883
P)
45

1,036

124
P)
51
P)
17

-190
-130
-168

694
5
160
204
324

1,436

463

708

180
364
-81

232
442
34

245
0
52
78
115

-777

158
762
516

346
57
42
71
176

685
271
119
151
143

34
0
-10
-15
59

106
0
22
6
78

72
0
31
21
19

-373
-196
-119

249
-223

33
68
421
-482
-294

124
-298

-262

-ffl34
P)
4
3
-557
-191

-78
-80
33

n
13

0

n

n

111

fi

P)
62

U.S.

affiliates'
receipts
5,484
729
1,772
1,334
1,649

3,088
P)
2,106
630
P)

-868

U.S.

affiliates'
payments
5,005
232
2,016
1,019
1,738

2,313
(D)
1,819
372
(D)

-480
-^97

243
-315

90
483
-197

139
100
440
188
-109

85
24
5
38
-567
-252

-8
-50

property were $566 million, and payments of film and television tape rentals were $1 million; U.S. affiliates' receipts
were $5,245 million, $234 million, and $5 million, respectively.
NOTE.—In this table, unlike in the international transactions accounts, royalties and license fees and charges for
other services are shown net of withholding taxes.

[Millions of dollars]
1987

1988

1989

1990

263 394

314754

1991

1992

1993

368 924

394 91 1

418780

425 636

445 527

59,581
34319
579
24683

58,571
45046
1 963
1 1 ,562

69,010
51 776
7390
24624

48,422
56239
14 156
6339

27,246
44043
19 125
2328

11,452
25468
10086
-3929

22630
21 696
-8 131
9065

Income

8659

12774

7491

2936

2347

3566

6298

Royalties and license fees net payments
U S affiliates' payments
U.S. affiliates' receipts

896
1 105
209

1001
1 244
243

1 249
1 580
331

1 499
1 863
364

2143
2691
548

2253
2918
666

2313
3088
775

Charges for other services net payments 1
U.S. affiliates' payments
U S affiliates' receipts

-530
2306
2836

-178
2582
2760

-50
3128
3179

-306
3784
4090

-306
4342
4649

-1264
4628
5893

-480
5005
5484

Direct investment position

Net

5,893
1,037
1,538
1,596
1,722

Table 9.—Foreign Direct Investment in the United States: Position on
a Historical-Cost Basis and Balance of Payments Flows, 1987-93

Capital inflows (outflows (-))
Equity capital
Reinvested earnings
Intercompany debt

U.S.

affiliates'
receipts

4,628
309
1,619
728
1,971

82

8

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. In
1993, U.S. affiliates' payments for service charges were $4,437 million, payments of rentals for the use of tangible

U.S.

affiliates'
payments

-728

8

D




Net

Charges for other services1

Royalties and license fees

1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.
NOTE.—In this table, unlike in the international transactions accounts, income, royalties and license fees, and charges for other
services are shown net of withholding taxes, and capital inflows, reinvested earnings, and income are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

1O4 • August 1994

Table 10.1.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1991
[Millions of dollars]
Manufacturing
Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

Wholesale
trade

51,135

13,277

29,039

41,056

58,171

2,170

3,879

1,690

Banking

Finance,
except
banking

Insurance

Real
estate

Services

Other
industries

9,045

24,347

17,380

33,241

28,682

34,116

18,016

-1,892

2,052

3,410

3,678

4,661

969

4,823

10,363
-29

-104

26,800

19,301

11,298

-278

«

£89

236

1,373

P)
1,618

10,037
1
61
0
-1
120

14
222
22
2,442

140
P)
1,005

2,012
5
-2
0

710
P)
771
1
-15
2,270

4,490
40
P)
0
0
5,190

1,142
P)
21
23
93
4,140

412
P)
-82
-15
P)
5,300

P)
4
345
120
3,771
24

69
-4
157
755
9,627
2

209
8,419
P)

All industries

Petroleum

Total

Food
and
kindred
products

418,780

37,222

158,559

24,053

36,341

1,511

15,440

D

()

()

1,860

252,692
520
3,204
1,426
1,508
25,359

28,790

15,722
0
59
(D)
(D)
1,564

45,467
P)
931

8,713
(D)
102
(D)
512
2,958

20,632
78
45
102
40
3,084

25,505
28
287
83
130
3,393

23,444
123
85
281
51
1,325

6,724
-3
776

409

116,039
143
1,424
604
1,113
17,928

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

28,602
2,232
2,749
110
1,054
59,776

216
6
147
(D)
54
12,422

15,394
231
2,532
36
180
18,889

-69
126
15
(D)

8,665
2
(D)
0
-94
8,244

852

6
279
852

3,230
34
16
-1
-28
4,876

2,716
69
207
(D)
21
2,278

6,500
142
306
55
498
6,251

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

620
1,406
5,322
20,155
98,236
413

(D)
0
(D)
65
13,980
(D)

389
63
4,861
11,331
40,838
83

n
2,441

445
1,948
0

9
-1
1,408
1,707
13,135
(D)

197
94
949
765
5,686
137

(D)
76
6

8,521
P)

742
3,395
14,049
-1

24
-3
2,574
3,344
3,185
33
-58

3,595

1,167

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

2,639

D

8

6,929

(D)
3

fl

R

Retail
trade

i&

1,495
2,306
-7

-298

2,451

4,630

310

644

139

1,025
(D)
2
(D)
390
(D)

915
-85
246
783
-15
-15

28
-3
37
-6
0

230

n

468
-30
-13
(D)
-12
(D)

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U K Islands Caribbean
Other

11,810
1,987
1,396
7,812

1,426

3,716
1
823
2,696
198
-3

282
(D)

176
0

-91
(D)
(D)
14
7
0

69
(D)

(D)

(D)

3
()

3
0
3

(

-2

8

78

<2

%

R

(D)
81
-3

0
0
0
0
0
0
0

(DD)
()
0
0
-1
0
0

5
n0

81

-2
2
-3
0
0
-1
0

180
163
1

(D)
-14

(15D)

P)
892
7
2

-56
3,446

6,207
522
49
5,333
11
29
-1
3
84
164
13

8,002
769
12
7,179
13
-1
-9
P)
19

31,832
787
556
30,681
-559
19
44
-11
30
191
95

1,428
(D)
188
1,113

14,540
-5

22,183
-3

21,169
7

-578

1,193

Africa
South Africa
Other

756
-17
772

3

1,422

R
^P)

D

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

4,725
1,295
1,662
-23
1,606
68
116

(D)

7

n

Asia and Pacific
Australia
Hono.y Konaa
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
,.
Singapore
Taiwan
Other

105,359
6,364
1,859
93,787
661
52
92
63
923
1,109
450

2,749
2,464
129
150
14

22,049
2,275
262
18,258
67
29
-11
10
492
572
95

224,080
3,877

28,547
2,013

. .

Addenda:
European Communities (12) l
OPEC2

.

0

T(D)

80
-1
P)

R

98,078
-24

R

R

100
0

0

3

(D)

n

-6

fl

R
64

J2n

12,918
-3

40,999
-13

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. The European Communities (12) compn'ses Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxem-

D




0
1

0
0
0
0

n
2,567
982
(D)
1,408
37
0
4
0
8

fl
7,438

n

-50
-13
-56
-6
-2

0

-2

R

9

1,005

' 843
P)
792
-2
-6
-437

2,368

2,039

428

1,984

2,266

1,018

556

316
-3
239
(D)
3
(D)

197
23
134
37
-6
10

12
0
7
5
0
0

1,733
558
231
372
68
504

912
0
12
912
4
-16

P)

233
6
57
112
24
33

36
0
22
11

P)
-11
49
77
P)

3,279

970
(D)
251
156
369
(D)

2,356
0
(D)
1,259
272
(D)

306
0

-484

$
(I
2

-199

295
-2,623
P)

(D)

7
-3
10

0
0
D
()

845 2,ll
46

T
q

R
175
2,864

2,231
0

7,096
539
759
4,818
476
505

5
232

-3.-B

160
P)
866
4,054
9,943
0

18,907

-128

fl
-1,097

1

1
912
68
1,658
1,434
114

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

Latin America and Other Western Hemisphere

P)

8

-141

n
-1
16

0

TP)

0
-1

R

n

^
P)

2
51

2,033
28
117
968
865
55

307
0
307

0
0
0

-2
0
-2

907
785
22
0
-15
5
111

282

0
0
0
0
0
0
0

1,155
-2
1,173
-30
16
3
-5

13,057
P)
152
13,273

779
P)

1,145
273
-2
725
105
0
40

^

0
3

R

P)

10,565
435
219
9,487
19
2
44
-1
330
23
7

12,777
927
173
11,582

0
0
0

8,979
63
182
8,000
190
7
P)
49
P)
203
240

7,009
P)

8,502
153

-115

21,581
-1

9,538
1,222

18,308
48

1

(D0

^0

P)

"4
0

<!
P)

fl
-28
0
25

T
P)

(D19

eSi
5
0
18

(D0

982

8

9

205

745
153
P)

1

P)

181

fl

R

P)

13

pi
0

R

1

|J
-3
P)
-5

P)
11,463
61

bourg, Netherlands, Portugal, Spain, and the United Kingdom.
2. OPEC, the Organization of Petroleum Exporting Countries, comprises Algeria, Ecuador, Gabon, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

SURVEY OF CURRENT BUSINESS

August 1994 • 105

Table 10.2.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1992
[Millions of dollars]
Manufacturing

All countries
Canada

...

....

Europe
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
..

...

...

.

Latin America and Other Western Hemisphere

Banking

Finance,
except
banking

Insurance

Real
estate

Services

Other
industries

9,981

26,311

17,683

34,265

29,915

34,635

16,121

595

2,148

2,272

2,883

4,751

1,029

4,010

21,811
131
340
341
15
1,517

5,997
-4
869

-480

28,335

11,102

223

11,584
113
(D)
270
89
1,740

-2,435

8

0
196
1,667

64
0
-2
122

18,734
2
16
164
22
3,716

10,500
14
71
155
5
1,295

2,572
182
204
(D)
38
2,537

5,821
175
440
48
84
5,724

1,719
5
-8
0
(D)
1,528

961
(D)
598
1
-2
2,556

-2,484
360
(D)
(°)
106
2,851

4,550
54
(°)
0
10
6,677

1,345

106
4,625

611
(°)
-96
-38
(D)
5,182

14
-22
1,431
1,682
12,155
(D)

106
103
756
918
5,096
196

(D)
84
1

1,688
0

19
960
123
P)
1,745
135

-3
(D)
(D)
1,423
1,383
(D)

4^005
9,468
0

348
(D)
4,528
7

48
3
108
1,453
7,285
3

322
6,202
5
168

Total

Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

Wholesale
trade

All industries

Petroleum

425,836

34,347

163,354

25,587

53,681

12,911

29,156

42,019

59,024

37,845

1,649

17,005

(D)

(D)

2,446

2,643

4,035

1,506

251,206
518
4,288
1,508
1,416
25,459

26,006
0
(D)
4

117,617
148
1,502
549
1,076
17,563

17,111
0

47,481

7,886

1,561

7,416

3^
2,316

20,658
68
(D)
462
112
3,078

24,481
37
267
15
132
3,192

29,603
2,750
274
40
730
65,323

664
(D)
132

15,376
515
208
30
316
22,994

-106

8,780
5
-93
0
0
9,689

976
0
89

3,154
10
-4
1
(D)
5,661

709
1,546
6,850
20,635
89,073
485

38
0

n

19
17
2,403
2,484
3,168
33

3

B
()

8

D

318
13

8

4,064

(

10,901
(D)

404
72
4,909
11,088
40,777
91

2,408
8,269
(D)

895
3,957
15,339
-1

S

31

8

249
1,043
(D)
(D)
179
557
1,845

Retail
trade

p

l

-136

114
-156

n

^r

1,039

8
-2
(

1

1

33
27
1,404
-13
7
-381

21,098

2,288

6,636

111

1,412

76

-116

5,153

1,378

1,532

2,049

1,462

2,316

2,054

1,214

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

7,790
574
1,230
5,040
440
507

841
(D)
2

1,243
-92
582
734
45
-27

57
-4
69
-8
0
0

577
-10
-19
(D)
47
(D)

155
-1
•j
162
0

-166

218
27
189
14
-7
-4

-3
-4
4
-2
0

1,749
600
187

n

535

1,127
0
12
1,108
1
7

(D)

0

620
-10
558
(D)
3
(D)

170
7
54
56
22
31

127
-3
129
9
-3
-6

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other

13,308
2,779
1,473
8,618
-38
476

1,447
(D)
-31
1,480

5,393
-2
1,009
4,004
366
16

H5

835
0

-79
(D)

50
4

4,533
(D)

9sD
()

'l

1,535
2
(D)
1,273
187
(D)

300
0
(D)
164
(D)

1,884
52
79
604
975
173

1,087
(D)
172
561
301
(D)

(D)
-93
5

3
()

3
0
3

5

Tp)

169
(D)
(D)

8

0
0
0
0
0
0
0

Africa
South Africa
Other

723
-20
743

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hona Kona
japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

,
...

...

Addenda:
European Communities (12) l
OPEC2
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.
2. See footnote 2, table 10.1.

D




4,786
1,284
1,643
-29
1,688
93
106

8

TP)
"o
D

( 0)
(D)
-6
(D)

D

n

109,978
7,069
1,842
97,537
823
73
69
68
873
1,117
506

2,630
2,493
-3
140
-2
0
0
0
4
0
-2

21,768
2,124
237
18,321
-16
22
72
6
342
530
129

220,628
3,981

25,577
1,888

99,870
31

54

53
0

-156

80

.3PI
PI
T
0
4

0
0

n

-67
-20
-74
-4

20
16

256

0

n

1,160
113
299
164
576
8

-15
7
-22

-3
-3
0

74

-171

(

42
33
0

4

l

0
0
0

n
n

(

S

8
n

75

a

0
0

-1

a
93
59
(D)

p'i
8

0

0

8,272
600
33
7,567
17

B

194
(D)

2,518
871
(D)
1,554
-50
0
5
0
3
-1
(D)

5,932
623
63
5,023
13
22
1
1
41
124
22

22
(D)
33

56
-1
-2
42
192
43

14,263
-1

42,271
43

6,656
-3

15,537
-4

21,142
-4

19,642
22

D

()

-15
(D)
946
5
2
(D)
(D)

D

(44)
-59
3,231

n
-2
-6

fl

p]

34,406
905
584
32,841
-254

T
(D)

a
n

19
_g
22

§"3

789
621
(D)
0
23
7
(D)

1,236
(D)
248
980

9,723

0
3

-103

0

(D)

335
2,463

59

£
-^

(^

(D)
D0

0
0
0

(

2
0
2
0
0
0
0

1,141
-2
1,158
-37
27
2
-6

730
177
2
486
(D)
0

()
(D)

i

4

13,809

a?)
T4

0
0
0
0

241
8,809
169
1
2
47
53
220
284

6,127
(D)

9,781
272

1 420
(D)

3

Tn

0
-27
0
55
(D)
28

1

47

a
A(D)

22,755

n

'l

(D)
-11

71
73
(D)
6

B
13

a
<i( )
<°i

13
(D)
4
0
-3
(D)

10,861
282
230
9,909
14
2
28
-2
372
19
6

13,554
1,077
47
12,334
(D)
-8

1,262
509
19
630
102
1

«0
5
86
4

8

10,650
1,221

17,136
42

10,511
92

D

-5
(D)

1O6 • August 1994

SURVEY OF CURRENT BUSINESS
Table 10.3.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1993
[Millions of dollars]
Manufacturing

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

Total

Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

Wholesale
trade

Retail
trade

Banking

Finance,
except
banking

Insurance

Real
estate

Services

Other
industries

17,096

All industries

Petroleum

445,268

32,647

166,698

25,376

57,693

12,969

29,748

40,913

59,290

10,430

31,026

26,542

39,154

28,609

33,776

39,408

1,991

16,600

(D)

(D)

2,321

2,363

4,373

1,101

738

2,289

3,346

4,338

4,691

1,629

2,685

270,767
557
4,589
833
1,500
28,470

24,979
0
(D)
5
50
60

122,590
164
1,879
513
1,087
16,937

17,099
0

51,429
(D)
1,101

8,356

24,496
45
543
-4
460
2,229

21,776
141
118
307
23
1,642

6,217

14,724

7,772

30,770

238

241
104
2,004

10,850
1
61
0
P)
47

17,527
2
-70
P)
P)
4,111

13,562
14
79
157
-2
1,278

8

17,852
407
439
25
823
22,856

5,485
-61
516
46
167
6,253

1,819
(D)
-9
0
(D)
1,460

1,972
P)
542
2
-5
3,537

35
443
-477
-33
113
2,590

4,507
P)

1,074
128
P)
-38
107
4,487

-118
-44
-273
5,148

1,279
3
2
33
23
2,604

P)
2

-3

n
2,494

J3
1,061

4,422
6

40
2
94
1,625
5,727
3

215
18
181
295
7,379
4

1,682

780

33

221
7
51
114
21
29

329
P)
289
27
P)

852

1,461
61
160
271
782
187

451
P)
178
193
-36
P)

6
P)
-147
5

75

n

P)

260

75

P)

3
0
3
0
0
0
0

1,037
-3
1,071
-44
21
1
10

P)
96
P)
0
P)

10,274
175
233
9,460
13
3
15
-2
355
23
-3

13,684
1,236
5
12,170
86
P)

10,433
1,123

15,678
67

1,601

8

7,516

aa

2,642

21,210
74
-40
446
77
2,949

-122
230
22

10,449
7
123

977
0
113

3,974
47
-25

278
1,137

n

8,639

23
5,846

2,575
124
206
(D)
394
3,267

(D)
5
1,074
4,522
17,530

(D)
11
233
521
1,953

n

-2
13
2,549
2,274
2,983
22

(D)
-27
1,529
1,488
11,596
(D)

111
82
764
1,016
4,908
258

(D)
80
1
-307
2,026
0

P)
1,181
128
1,610
2,123
153

6,432
P)

P)
191
P)
4,417
10,487
0
3,061

08
(D)

a

-fl

a

-161

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

34,667
2,593
1,229
-15
990
68,477

Norway
Spain
Sweden
Switzerland
United Kingdom ...
Other

844
623
8,077
21,384
95,415
537

9,367
(D)

302
4
5,384
11,299
42,543
76

20,342

1,236

5,219

246

1,247

45

-69

3,750

664

1,684

2,259

3,724

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

6,604
714
1,039
4,754
-398
494

-608

866
-80
453
453
50
-10

63
-5
79

416
-20

-26
-1
(D)

-70
37
-53
14
-9
-58

-19
-3
4
-21
0

2

529
-11
486
60
3
-9

1,935
692
198

?!

-117
-42
-49
-28
-2
4

n

559

1,210
-1
44
1,134
-1
33

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other ...

13,739
1,184
1,442
6,984
3,511
617

1,843
(D)
-6
1,593

71
-3

48
5

3,221

fl24

1,703
(D)
214
1,246
224
(D)

324
0

fl
T

734
125
236
73
298
1

a

T

13

121
87
(D)

/D}

Latin America and Other Western Hemisphere

Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon ..
Saudi Arabia
United Arab Emirates
Other

127
-6
(D)
12,424

35

8
366

n

8

805
-7
812

5,027
1,712
1,555
-35
1,591
107
98

«D0

()
(D0)
(D)

0

(-3D)

2

4,353
2
528
3,270
529
23

D

8,480
(D)

n

849

(D

ri
(D)

(D)

183
0

831
0

a (aD^
32
0

(D)

3
0
3

(D)
372
(DD)
(D)
()
-3
-2

0
0
0
0
0
0
0

P)

DO

( }

D

()
P)
(D)

^

0
-2
-2
-2

D

()
-32

( )
67

(D)
986
7
2
(D)
2
-3
D
()
74

U3
1
fl
238

-2

21,618
2,234
331
17,746
-113
50
105
3
434
570
259

24,226
857

104,252
78

14,347
1

Asia and Pacific
Australia
Hong Kong
japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

108,918
7,278
2,015
96,213
795
250
104
67
228
1,272
694

2,788
2,513
7
254
6
0
0
0
10

Addenda:
European Union 1
OPEC2

237,960
2,959

-1

D

(D)

45,472
43

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1993, the European Union was known as the European Communities (12). The European Union comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and
D




(D)

-12
P)
(D)

8n

n0
n0

370
331
0

0

n
n
2,260
702
(D)
1,508
-131

n5

0
1
-1
(D)
7,313

n

1
0

a

389
(D)

-186

0
0
-1
0

fln
n

5,873
746
123
4,768
14
53
-2
2
-6
123
53

8,225
752
74
7,176
-4
-2
P)

73

220
147

16,215
39

20,904
-5

19,416
22

35,815
894
662
33,910
-152
81

§ 8

(D)

a

&
%

8

2,514
792
P)
178
1,546
P)

TP)

8

0
150
2,314

p

l

P)
7,117

a
0

P)0
P)

T
R
(^
0
0
0

P)

0
4

775
580
P)
0
28
P)
110

1,096
(D)
231
844
P)

10,966
144
244
9,803
101

11,133
P)
328
11,151
P)

0
0
0

57
62
254
265

-27
0
P)
P)
P)

982
224
1
686
P)
0
29
P)
-1
P)
P)

6,516
P)

12,619
306

7,200
P)

24,802
3

10

a

80
-1
0
4

P)

a1

a

(D

^

T

10
104
7

76
P)

n
P)
106

a
-8
P)
0

3
562
255
-26
189
90
0

S
P)

12,817
84

the United Kingdom.
2. OPEC, the Organization of Petroleum Exporting Countries, comprises Alaeria, Gabon, Indonesia, Iran, Iraq,
Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Before January 1, 1993,
Ecuador was also a member of OPEC.

August 1994 • 10 J

SURVEY OF CURRENT BUSINESS
Table 11.1.—Foreign Direct Investment in the United States: Capital Inflows, 1991
[Millions of dollars; outflows (-)]
Manufacturing

All countries
Canada

Petroleum

27,246

-2,699

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other

.

Other Western Hemisphere
Bahamas
.
Bermuda
Netherlands Antilles
U K. Islands Caribbean
Other

Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Addenda:
1
^rogwn
uommunmes (12)
w
European Communities
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




1,678

3,075

355

D

D

-348

969

()

()

-11

5,813
11
-83
393
143
1,844

1,252
0

2,438
(D)
-59

373
(D)
-16

293

474

1,859
463
-199
-57
-1,219
1,097

74
-1
250

340
44
216
-13
-89
-37

-189
48

786
-4
(D)
0
-91
-912

-470

-132
397
-15
1,542
3,503
86

(D)

(D)

8

-1,558
(D)

46
-12
179
649
2,154
28

-604

63

-730

67

375
121
156
124
7
-34

15

7
-2
11
-2
0

(D)

-154
-24
1
-149
-9
27

48

-576

61

9
()

-S

173
-87
260

....

7,772

Primary
and
fabricated
metals

-2,223

-979
360
-89
-3,848
2,288
311

Africa
South Africa
Other

Total

Food
and
kindred
products

12,566
-120
-528
596
278
5,016

1,320

Europe
Austria
Belgium
Denmark
Finland
France

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
. ...

All industries

Chemicals
and
allied
products

568
595
214
-6
-217
1
-18

P)

,q
P)
p]2

D

8
D

(^>
. ^( )
D

0

(D)
-2
(D)

13,224
-201
402
11,421
1,718
-9
-29
-28
-370
313
7

55
-156
(D)
83

10,936
61

-2,061
187

11
4
P)

-255
45
(D)

8( )
D

fl
A
3
fl
84
(D)

n

8(D)
48
0

(D)
5
(D)

1
0

8
8
()

0
0
0
0
0
0
0

D

8

2,041
161

1,998

1
(D)
-34
(D)

Other
manufacturing
623

Wholesale
trade

6,564

Retail
trade

-1,182

Banking

1,340
226

4,340

-250

8
fl
1,861

fl0

-2
0

2
17
1

P)
1,019

-59

328

-96
P)
-18
32
P)
P)

-45
P)

66
P)
-54
-3
P)
-146

493
0
-20
-2
P)
-326

5

-4
-2
-94
-16
-279
P)

-779
-2
86
(D)
-2
16

115
-111
110

-176
0
-6
0
(D)
-184

-59
(D)
94
1
-23
-324
-68
288

123
479
0

236

P)

P)

-134

-3,127

P)

237
110
70
(D)

-7
0

P)

-29

64
2
60

P)
10
-3
-4

431
-27

-25

28

-56

-744

47

104

(D)
-16
1
(D)
-6
P)

(D)

-31
-4
(D)
-18
-3
(D)

-68

33
33
29
-17
5
-17

-4
0
1
-5
0

-25
(D)
0
-3
1
(D)

-676

108
0

( )

15
(D)
-27
-31
66
(D)

4
1
3

79

-179

8

8

1

208
206

T

8
?i

~
R
-11

0

(D)

8
80
0
«0

n

%
P)

1,559
17
-71
1,664
-17
-3
-4
-1
-141
174
-60

J3(D)

-2

94
(D)

4,766
(D)

741
-2

2,179
-5

350

8
-3
fl

«0

T

0
0

72
(D)
0
(D)

"o

g
(D)

J8
D

2
-1
0
0

(

0

2

.a
•a

-138
42
-89
2
5
-3
-1

1,416
120
-1
1,354
-23
-1
(D)

P)

-98
16
-13

235
(D)

1,809
-3

n
-42
87

4
0
P)

n

n
n3
-1
0

n

fi

-66
(D)
(D)
0
(D)

0

D0

()

$

3
-10
D

()

(D

i

4
0
4
296
312
21
0
-31
2
-8

620

B
-9

5,271
-207
5
4,895
464
4
-6
-19
-17
111
40

1

331

-197
-1

1,654
6

-575
P)

554
27

s
523

T0
0
0
0

n

69

139
-369
-4

n

n

-1

598

2,613

109

-30
50
2,244
1

169
0

fl0

n

3,476

214
-67
-69
2

(D)
11
(D)
-188
-320
0

n

214

-29
-28
-183

92
-6
-245
-16
790
84

55
1,783

-539

-1,405

1,398
4
P)
0
0
660

18
-21
34
76
799
(D)

94

Other
industries

231

-1,121

1,576
-19
-177
42
33
-88

-1
-3
-87
296
-681
18

a

Services

1,345
-97
(D)
126
(D)
40

-359

-247
15
-100
1
-183
^43

«e

Real
estate

-274

-548

14
73

Insurance

4,609

307
50
-37
-4
175
597

fl

Finance,
except
banking

6,428

3,575

117

99
112
-49
-3
-20
887

1

103
1

Machinery

1,462
27
48
1,304
30
-5
P)
-9

/D\

P)

?!

33

-64

P!

-2
-50
1,974
P)

8
?

T

-22
-3
-4

§

P)
0
148
P)

-105
10
95
-507
306
-8

-3,191
P)

0
0
0

-6
0
-6

P)

0
0
0
0
0
0
0

207
-1
227
-7
-7
-1
-5

P)

-1,436
-3
2
-1,393
3

fl

0

p)<2
2,064
P)
110
796
P)

8

n

P)
0
-1

P)
P)

(

160

l

0
-178
P)

n

-23
P)
0
0
P)

637
P)

3,721
-1

-3,221
30
P)

P)

n
222
P)
-74
-2

13

a

(

-31
P)

p)

p-1

3,410
-15

819

3,4°)

30
15

i
%

ai
fl (i
n
11

-2
P)

-368
216

8

2,592
4

^

P)
-2

«3
H
P)
16
-22

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

1O8 • August 1994

Table 11.2.—Foreign Direct Investment in the United States: Capital Inflows, 1992
[Millions of dollars; outflows (-)]
Manufacturing

All industries

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

..
......
.

. .

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

.

.

Petroleum

Total

-1,197

6,459

1,598

3,230

-259

1,359

(D)

(D)

6,023
-14
1,032
129
-111
430

-782

«
8

2,514
3
106
-39
-61
-579

1,539
0

2,444

2,205
429
-343
-39
162
2,906

509

-59
282
-244
-6
166
1,660

-10
192
-2
(D)

g
(D)
0
(D)

-3
-1,913
(D)

1,610

1

2,023

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

825
29
468
340
-43
32

-17
(D)

385
-12
327
29
56
-15

Other Western Hemisphere
Bahamas
Bermuda
.
Netherlands Antilles
UK Islands Caribbean
Other

785
573
61
678
199
-727

18

Latin America and Other Western Hemisphere

.

. ...

Africa
South Africa
Other

-31
-4
-28

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

45
-20
10
-7
40
25
-3

Asia and Pacific
Australia
Hong Kong
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore

«

.

.

Tai
wan ...":::'":::.'.:...'."::....:: : . : ".
Other

."

Addenda:
European Communities (12)1
OPEC2
..
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1,table 10.1.

D




Primary
and
fabricated
metals

-724

11
9
94
494
669
9

I1VI ItMJ

Chemicals
and
allied
products

11,452

122
128
1,555
823
-3,462
70

Norwav
Spain
Sweden
Switzerland
United Kingdom
Other

Food
and
kindred
products

fi

8
554

8
(D)

D0

()

(DD

^

()

0

3
()
D

1,638
-3
186
1,413
33
10
(D)

fi

J3
(°)-6

1
-32
265
(D)

-198

29
-2
33
-3
0

n

-48
0

n0
n

3
5

0
0
0
0
0
0
0

5
3
,
fl

4,528
425
-132
4,186
74
21
-40
7
-57
3
40

-221
29
-132
-111
-15
(D)
0
0
4
P)

595
-96
-44
949
-69
-7
37
-4
-154
-31
15

3,651
67

-971
-112

1,974
51

1,517

2

-187

i

-255

208
3

3

94
-13

(D)
(D)
155
660
1,123

n

Other
manufacturing

Wholesale
trade

Retail
trade

Banking

Finance,
except
banking

-72

1,948

1,947

-434

1,762

1,760

189

165

800

538

359

_^

134

92

-1,747

441

63

1,012
130

258
P)
52

1,644

-87

112

-722

249

199
0

3

20
251

164
-395

n

-560

-6
P)
9
74

3
5
-54
1

-180

-406

-334

-122

-23
-13
2
P)
452

111
7
P)
13
-65

-6
20

1

3
-20
57
-20
-83
P)

-155
-277
-240

592
-2
90
P)

158
36
90
-1
-3

71
0
-6
0

-609

-95
8
-218

176
-228

59

-54

50

1,383

51

183
20
-5

-66
-1
-1
-64
0
-1

-54
-22
-13
-16
-2
-2

294
-7
313
P)

30
7
52
-21
-1
-7

12

104

P)
0

«0
96
-2
P)

P)

-13
7
-19

-11
-3
-8

0

n0
n0

B( )
D

8
"o

^
{

l

0

(27)
-3
-93
0

n

S
()
D

1,607
56

0

?!
-35
-102

P)
140
77
0
1
0
-5
-1
P)
-185

-3

fi
1,089

8(
S
P)

21
P)
48
-16
62
P)

-3

-23

3

8

6

10
-8
P)

1

T
0
1
<3
0
70
5
14
118
4
7
2
-1
-43
-41
19
-355

763
21
1
736
3
2

(D }

4

-609

2

-1

-252

19
4
252
40
-2
352

842

D

11

46

?!
P)
-200

659
0

-226

-243

Machinery

16

-S
T-6

ffl

-7
333

240
P)
-112
1
13
186

10
37
50

Insurance

fi

J ,
P)
49

740

-131

-83
506

13
P)
0
10
1,385

8

a

P)

339
-176
107
0

74

625

311

48
36
-46
P)
P)
25

92
0
4
29

P)

533

2
P)
13
-77
P)

25
0

B
P)

$

(*)

P)
0
P)

12
0
12

429
42
0
-830

-7
-4
3
-6
0

n

-823

fl20

-157
-168
P)
0
-3
3
P)

-102
-518

n
59

P)
23
P)
438
-1
-284

-47
1
-4
-40
-2
-2

3

P)
0
P)

0
0
0

(

5
p)

1,891
-18
55
1,639
196
32
2
9
10
-8
-25

-34
P)
17
-41

0
0
0
0
0

P)
12
24

0
30
P)
28

94
19

171
P)

1,080
58

-630
P)

3

-28
14
-402

-11
P)

P)

"o

-50
P)

-436

n

687
-152
59
748
-7
-6

7

T36

fi

0

0
P)

n

-2
0
-1

-237

R

o

TP)

760
P)
84
215

"

Other
industries

Services

Real
estate

0
-553

-1
1,414

740
P)
33
16
P)
173

-20
P)
14
3
P)
265

746
0
-24
-1
P)
183

3
7
28
123
-1,692
0

-6
13
41
139

1
-3

-254

-559

P)
-107

103
-2
109

8
-357

P)
22
-18
P)
-1

105
114

79
P)

J3
I
-1

5

P)

-14

l

fi

8

2
0
2
0
0
0
0

1
-1

9
T
8

-1
P)

-21

89
-67
-1
175
-6

<")

-9
P)
0

a
fiP)
1,460
1

11
-31

(

3
11
-1
-2

-8-1
35
-1
-1
-58
15

P)
-101
-351

0

849
233
-190

805

-2

-66
128
20
-184

-5
1
-18
0
2
P)

n

5P)

-44
-2

575
20

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

®

109

Table 11.3.—Foreign Direct investment in the United States: Capita! inflows, 1993
[Millions of dollars; outflows (-)]
Manufacturing

All countries

.

Canada
Europe
Austria
Belgium
Denmark
Finland
France

Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

Wholesale
trade

130

3,961

-75

1,334

1,988

1,083

D

-13

746

-215

1,109
7
(D)
-15
-32
84

1,672
8
149
-19
330
-511

-16
79

1,202
37
-23
-1
(D)
118

32
-59
2
(D)
13
1,039

847

-22
-4
108

All industries

Petroleum

22,630

-643

7,338

2,783

209

414

()

()

-4

19,590
22
-95
-677
73
3,522

172
0
(D)

7,353
16
234
-36
21
64

285
DO

3,894

392

67

159

265

2,912

-16
-88
9
(D)
(D)

1,689
2
5
0
P)

4
0
25

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

6,832
-272
719
-55
-189
2,519

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

-115
-927
570
1,119
6,504
41

fl10
(D)
3
8
897

Total

-108

17
-5
119
378

D

-310

(D)

'3

a

-548

-112

n

314
-1,414
(D)

-92
-68
465
566
2,883
-15

-1
417
364
(D)

131

-1,053

-1,320

135

-165

-287

-7

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

-1,392
148
-97
-590
-835
-18

-1,448

-505

-159
-10

-275

8

-110

^28
5
16

6
-1
10
(D)
D0

()

-5
25
-29
—7
2
3

Other Western Hemisphere
Bahamas
Bermuda .
Netherlands Antilles
U.K. Islands, Caribbean
Other

1,261
-1,593
247
-1,379
3,848
139

395
(D)
25
113

-815

129

-5
0

Latin America and Other Western Hemisphere

67
13
53

Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

.

288
431
-39
-6
-97
8
-9

-3

8

12

-21
0

(DD

(D)
15
(D)

(

"o
D

(D)
334
(D)

(D
D]

S

^

()

( 0)
()

150
20
11
107
7
0
0
0
6
-1
0

Addenda:
European Union *
OPEC2

17,928
-975

-1,031




D

165
6

32
465
151
-446
-28
165
34
-5
-647
153
190

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.3.

fl( )

8

Asia and Pacific
Australia
Hong Kong
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

D

5
-255
-736

-164

-2

537
144
50
123
-97
28
34
-3
89
40
130

6,398
47

l

(*)

0
0
0
0
0
0
0

D

()

-17
(D)
39
2

fl-2

S
51
3

P)
(D)
178
564
1,762

n

-16
149

n

a a(i
a
3
a
a n
3
(D)

-12

0

(D)
11
(D)

0
0
-1
_2
-2
D

( )
33
P)
90

n
6

fl44
(D)

3,143

n

0
0
0
0

-209
-121

-11

-2
( }

*o

D

()
5

n
3
3

n
339
309
0
(D)

8

«0
0

-179
-149

-98
122
16

<?3
-80

8

-248

2
31
-1

n

0
-2
—1
(D)

-49
-1
31

565
3

1,270
42

3

133
-190

728
P)
-997

-72
-1
-54

?
P)
-925

(D)

a
a( )
a^

136
(D)

D

0

«z

577
155
41
229
-21
-2

9

a
40

1,369
_2

-4
10
-222

-34
7
100
-77
-237

77
-2
19
304
12
-21
16
91

Banking

Finance,
except
banking

Insurance

658

3,795

8,302

3,024

150

43

768

1,447

139

674

307
4
-5
(D)
-2
15

2,360

7,948

749
0
1
0
-63
559

-41

30

-1,442
0
-86
P)

P)
-62

&

108
(D)

1,036
P)
-70
1
-2
429

Retail
trade

0
(D)
-187

(D)

n
-141

8

-32
-3
164

1

a

2,272
2,539
68
P)
P)
-343

-173

a
0

P)

68

a

£1
-364

£
166

508
0

P)
344
9

4,831
P)

-123

206

223

2,179

-202

-4
1
1
-6
0

-54

n

191
100
11
P)
P)
19

47
-1
33
-9
-2
26

0
P)

79
12
-24
40
57

210

33
0

2,132
-1,656

P)
0

-107

60

9
-156

n
-1

_-!

-15
(D)
(D)

27
28
(D)

Pi11
50
(D)

°0

P)

(D)

a

^
P)

18
-42

'"a

8

n0
n

-81
P)
-17
-64
P)
0
0
0
0
0
0

1,193
279
27
904
-68

-2,539
P)
91
-1,791
P)
-1
1
0

446
P)

2,121
35

n

1,412
-9
71
1,079
101
26
(D)
(D)
22
27
104
-200

0
0

a

a

8
9
34
-17

-797

-1,000

51
P)
P)
-36
2
-131

8

114
P)
-18
-1
-387

P)

(DP)

-4
56
-1
-2

^

P)
P)
P)

n

-436

9
81
-335
-205

-36
11
46
-33
1,015
1

-365

-98

192

fi18
P)
-557

«

-277
-349

70

n

P)

70

P)

1
1

-00
-1
-42
-7
-6
-1
-5

P)
27

a

596
1

-518

-48
-7
-429

-1
1
-13

I?
101
88
-28
-136

P)

8

-9

0
5
19
3

-93
-49

-1,718
25

-fl4

2,189
-1
8
1
-7
-2

-8
-1
-14
197
-1,704
1

0
0
0

220
41
-1
176
P)
0

872
-847

-160

P)

0
0
0
0

Other
industries

70
3
-5
-1
-4
1,265

8

-22
-6
P)

14

8
8,322
P)

Services

49

0

1

fl(
'l

-3

-&
fl 4,039
8 P)

0

608

Real
estate

P)
P)
-19
3

3
9
P)
-30

o
91

a
-21
P)
-6
0

fl-2
-442

-23
-45
-414

-12
-1
P)
P)
P)

P)

2,220
-8

2. See footnote 2, table 10.3.
NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment.

HO

SURVEY OF CURRENT BUSINESS

® August 1994

Table 12.1.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1991
[Millions of dollars; outflows (-)]
Manufacturing
All industries

Petroleum

Total

Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Wholesale
trade

Other
manufacturing

Banking

Retail
trade

Finance,
except
banking

Insurance

Real
estate

Other
industries

Services

44,043

46

14,125

1,175

3,140

878

3,870

5,062

5,281

1,556

4,918

4,922

1,911

3,982

5,679

3,192

(D)

519

68

P)

47

90

P)

11

4

231

357

P)

999

P)

208

20,014
76
310
217
418
2,751.

-390
0

2,511
0
6
0
P)
P)

603
0
0
0

2,990

2,916
9
0

1,376
0
0
58

847
P)

2,912
P)

1,174
0
0
0
0
41

1,680
0

741
0

^

760
0
0
0

13

9,780
9
6
5
300
2,426

a

0
0

621
2
7
P)
0
139

1,275
5
0
15
0
P)

Liechtenstein
Luxembourg
Netherlands

3,654
151
864
(D)
(D)
2,783

0
0
250
0
0
(D)

1,547
P)
534
2
(D)
1,987

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

11
386
299
2,064
5,635
48

T0

T

1,029

AH countries
Canada
Europ©
Austria
Belgium
Denmark
Finland
France

...

.

Germany
Ireland
Italy

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
.
.......
Venezuela
Other

263
75
125
40
11
11

Other Western Hemisphere
Bahamas
Bermuda
N°therlands Antilles
UK Islands Caribbean
Other

:

(D16

-1

P)
T0
0
0

269

0
0
0

p-9

(D0)

1

46

-307

74

8
0
0

n0

n

*

(D0

3
0
3
0
0
0
71
0
0
0
71
0

-5
P)
11

^

T0

P)

57
805
2,066
P)

0

1,180
0

P)
285

1
0

<20
1,3S
213

R

P)

0
0
1,030

0
0

0
0

0
0

0
0
0
0
0
0
0

0
0
0
0
0

274
0
49
P)
0
0
0
0
0

229
59

421
0
0
311
0
0
0
0
0
110
0

229

0
0
0
0
0
0
0

4,052
262
P)
3,612
28
0
4
0
0
140
P)

14
0
4
0
0
0
P)

0
-28
3

17,087
130

-412
(D)

8,582
0

454
0

2,251
0

468
0

2,669
0

Addenda:
European Communities (12) 1
2

OPEC

* Less than $500,000 (±).

D

Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.
2. See footnote 2, table 10.1.




p

^

T0

0

184
0

60
0
41

0

0
0
0
0
0
0
0

fl

P)
0
0

T

0
0
0
0
0
0
0

.

(D0

-8
0
0
0
-8
0

16
. 0

3
3
0
0
0
0
0

. . .

52

71
0
70
1
0
0

0
0
0
0
0
\Q

(D)
0
0
0

..

255

26
0
P)

0
0
0
0
0
0

0

258
139
96
0
4
3
16

Taiwan
Other

492

0
0
0

MiddieEast
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

41

P)

104
64
P)
P)
16
11

0
0
0

1

81

120

0
0
0
0
0
0

0
0
0

(D)

11
0
0
3
219
0

P)

0
0
0

Malaysia
New Zealand
Philippines
.rSinaaoore
.y "

0
0
47
10
509
3

39
0
32
7
0
0

80
0
80

Japan
Korea Republic of

0
103
173
P)
61
0

0
0
0
0
0
0

0

0

^

(DP)

^

{

1

(D

^

T
0
0

(D

86

^

0
222

P)79

1
0
1
9
574
0

T

0

467

0

8{
'l

P)48

0

0
0
0

0
0
0

4
0
4

300
0
300

0
0
0

31
0
31

0
0
0

2
0
2

2
2
0
0
0
0
0

32
32
0
0
0
0
0

0
0
0
0
0
0
0

139
104
P)
0

4
0
0
0
0
0
4

0
0
0
0
0
0
0

77
0
77
0
0
0
0

P)

0
0
0
0

0
0
0
0
0
0
0

2,340

3,738
141
41
3,394

3,007

165
P)
0

0
0
0
0

1,642
25
22
1,555
4
0
12
0
21
2
1

4,244
P)
0
4,105
P)
0
0
0
2
0
P)

87
P)
0
87
0
0
P)
0
0
0
0

1,389
0

664
77

605
P)

1,259
-8

0
0
0

80
0
80

1

-380

T

& 2,122T
T0
T(

l

^

5
0

n

«0

T

T
0

788
58

2
1
0

0
0
0
0
0
0

85

TP)
T

1

45

0
0
0
P)
454
P)

0
0
0
0
0
0

13

l

P)
1,008
972
28

123

62
0
62

ivny i x w n y

0

P)0

^

(

1,192

SI
(
23

P)

T
T
(D
^
(D

3

P)

0

478
0
478

0

309

(D

1,656
0
45
0
0
P)

0

P)

Africa
South Africa
Other

(D)

.8

-81
P)
40
0

R

^

0

19,071
781
81
16,698
1,161

&

P)
0
0
0
0

130
P)

204
176
0

()

Asia and Pacific
Australia
Mono Kono
. .

432
0
P)

8
fi1

-302
0
-380
1
76
0

T

8

264
0
135

7

3
3

0
9
P)
11
1,650
4

P)
P)
P)0

766
-1
-221
320
667
1

D0

R

fl0

1,623

3
P)

P)0
0

P)0

P)3

0
0
74
0

0
0
0
0
0
0

2,740
0

1,337
0

690
0

0
0

1
13
1,512

a

1,252
40
-2
-3

0

1J
2,005

12
36

1,001
0
0
0
P)
2
0

1,785
54

1,190
3

n
n

(D

^

0

-1

R
339
1

(a
^ •1

fl

SURVEY OF CURRENT BUSINESS

August 1994

»

111

Table 12.2,—Foreign Direct investment in the United States: Equity Capital Inflows, 1992
[Millions of dollars; outflows (-)]
Manufacturing

Ail industries

All countries
Canada
Europe
Austria ...
Belgium .
Denmark
Finland ..
France ...

Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon
. .
Saudi Arabia
United Arab Emirates
Other

.. .

Asia and Pacific
Australia
Hong Kong
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinqapore
Taiwan
Other
Addenda:
European Communities (12) l
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 10.1.
2. See footnote 2, table 10.1.

D




Other
manufacturing

Wholesale
trade

Retail
trade

Banking

Finance,
except
banking

Insurance

Real
estate

Services

Other
industries

8,225

323

1,685

794

2,994

2,430

1,995

814

4,071

1,548

1,732

2,153

4,006

(D)

1,053

96

(D)

153

384

P)

43

P)

391

13

-67

323

25

13,745
246
389
126
100
3,367

18
0

4,743
4

196
0
0

1,418
0

()

0
0
fl

313

886
2
0
0
0
-5

1,750

D0

796
P)
0
80
0
223

1,462
234

-14

863
0
-1
0
17
180

774
P)

fl

1,983
4
0
-49

994

283
0
0
0
4
D
()

P)

720
0
0
0
0
3

1,784
0
0
1
0
590

1,164
P)
129
0
-1
133

0
0
4
0
0

380
0
(D)
0
D0

135

1
0

65

0
0
0
40

166
10
0
0
0
P)

46
P)
0
P)
P)
193

0
P)
794^

4
P)

0
0
0
0
(D)
0

0
(D)
49
420
1,637
(D)

(*)
0

0
P)
0

152
0

0
P)
40
P)
228
0

(D)

(D)

359

408
0

p)0

P)
(D)
194
1,282
2,767
73

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands Caribbean
Other

Machinery

186

Norway .
Spain ....
Sweden .
Switzerland
United Kingdom
Other

.. .

Primary
and
fabricated
metals

1,518

2,427
-48
41
7
87
2,669

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

Total

Chemicals
and
allied
products

25,466

Germany
Ireland ...
Italy
Liechtenstein
Luxembourg
Netherlands .

Latin America and Other Western Hemisphere

Petroleum

Food
and
kindred
products

1,615
674
34
509
37
86
7

«0
D0

()

T

(D)
(DD)
( 0)
0
0
0

941
116
153
318
342
12

TD0

47
0
47

0
0
0

196
89
92
0
10
2
3

( 0)
0

(D

^

0

8,344
193
109
7,625
201
4
-18
(D)
(D)
27
126

122

.11,901
246

18
-3

(D(D)

^0
0
0
0
0
0
0

8

§

0

()

P)

497
0
0
0
0
P)

0
0
D0

401
0

0
0
5
P)
176
0

0
0
45
275
467
0

441
P)

71
P)

0
P)
0
P)
280
0

P)

0

10

445

223

-17

55

136

T0

0
0
0
0
0
0

43
6
4
6
22
6

(
p^

(D
^
(D0

0

0
0
0
0
0
0

29

fl

0
0
0
0
0
0

0

0

11
2
1
7
0
2

0
0
0
0
0
0

0
0
0
0
0
0

10
0
0
0
0
10

T7

-17
0

10

0
0
0
0
0
0

P)
68
1

0

P)
0

12
0
5
3
4
0

0

0
0
0

200
0
0
50
149
1

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

(DP)

0
0
0

0
0
0

23
0
23

0
0
0

0
0
0
0

0
0
0
0
0
0
0

0
0
0
0
0
0
0

•30

0
0
0
0
0
0
0

0
0
0
0

0
0
0
0
0
0
0

36
36
0
0
0
0
0

0
0
0
0
0
0
0

2
0
2
0
0
0
0

95
0
84
0

35
35
0
0
0
0
0

D

D

p)

0
0

D0

()

1 T0
0
T

T
<eS

-3
0

P)0

8

80

1,899
300
-52
1,573
(D)

()

()

0

0
0
0
0

(37)

358

0

«0
292

(D

8
20

0
-64
(D)
1
0
2
0
0
0
0

4,169
(D)

172
0

1,393
(D)

2
0

1
0

^

0
0
0
0
0
0

T0
0
0
0

P)

222
0

618
192
12
403
0
1
0
0

a
<iS T

(

-90

215

0
P)

0

fl

(D
P)

^3
0
0

781

T
713

0

0
0
0
0
2
0
P)

1,596
0

787
1

8

fl0

8
-3
0
0

1

D4

311
P)

-104

584

P)
-34
24
-18
150
72

0
4
5
308
P)
0

§
0

0
0
2
51
393
0

P)

211

^

a
14
0
-4
2
P)

0
P)
0
0
1
7

2
0
0
0
0
0
0

2,113
-31
102
1,878
P)
3
-2
P)
14
3
96

763
2

455
0

1,207
88

933

£
116

^0

0
0
219

T

-108

(D0

0
0
108

P)

T15

i

P)
100
0

P)28

512

571
0

512
0
0
0
0
0
0
0

^
(D
^
P)

T
P)

(DP)

(D

^

«0
0
0

{

l

28

(D0

^0

P)

-104

0
70
33
0

(D

^
1
37

£!

0

3
0

^
P)
P)

1

*32

1,685
2

652
92

1,691
0

0
0
0
0
0
0

781
-52
21
779
1
0
P)
0

814
0
47

0

1,802
P)
23
1,757
1
0
0
0
0
P)
0

H5

735
-290

(

1
P)
0
0
0
0
0
0
0

s

%
0
0
0
1

0
0
690
P)

112 • August 1994

SURVEY OF CURRENT BUSINESS
Table 12.3.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1993
[Millions of dollars; outflows (-)]
Manufacturing

All countries

All industries

Petroleum

21,696

1,381

Canada

3,599

Europe
Austria
Belgium
Denmark
Finland
France

9,407
62
99

. . . .

90
745

Total

6,500

791
0

1

3,674
1
P)

S32

1,474
0
58
0

2,216
157
-27
3
27
2,099

1
0
0
0
0

Norway
Spain
Sweden
Switzerland .
United Kingdom
Other

-5
141
540
884
2,377
6

0
0
0
0
0

64
664
811
0

2,099

240

392

552
65
217
261
£)

South and Central America
Brazil
Mexico
Panama
Venezuela
Other
. .

1,547
16
452
203
842
33

Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hono Kono
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
Taiwan
Other

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.3.
2. See footnote 2, table 10.3.

0

2- a
183
5

309
291

P)

323

8

. .

0

0

0
0
0

6,261
705
93
4,995
29
145
147
33
45
7,827

68

Machinery

Other
manufacturing

468

735

404

2,678

2,214

1,664

634

2,676

1,862

2,389

1,819

1,203

239

49

468

34

P)

367

216

P)

348

534

270

-44
0
0
0

1,992

919
0

509
3
0

305
4
0
1
0
1

-65
3
-23
P)

1,478
P)
0
0
0

672
0
1
0
0
0

-102
0
0

1,130
0
4
0
0
68

97

1
0
0
0
0
172

39
0
5
0
3
14
P)

989
1

275
0
0
-1
0

0
0
160
0
0
0

P)

0
0
5
0
0
85
4
0
0
0
0
0
0
0
789
5

0
0
0
1,180
156
0
813
8

2,885

532
0
9
0
0
3

69
0
3
0
0
51

68
0

0
0
0
48
350
0

0
0

0
0
0
0
0
0

0

0
0
0

1
-39

.. .. .. ..

j)

21
0
21

0

Addenda:
European Union1
OPEC2




387

0

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U K Islands Caribbean
Other

Primary
and
fabricated
metals

931

Germany
Ireland .
. .
Italy
Liechtenstein
Luxembourg
Netherlands

Latin America and Other Western Hemisphere

Food
and
kindred
products

Chemicals
and
allied
products

0
0
0
0
0
0

0
0

a

if]

1
P)
54

1
20

1,093
J)

250
0

135
39

0
0
0
0

Wholesale
trade

164

0
0
13

0
3
74

Finance,
except
banking

Banking

Retail
trade

0
0

8

-213

1,015

0
0
6

P)

0
0
0
23

n

0
0
6
P)
190
0

0
0
P)
229
213
0

236
0

P)
0
0
103
-605
0

P)

253

342

16

0
P)
0
0

72
0
1
69
0
2

R

0
0
0
0
0
0

181
0
P)
36
36
P)

51
151
P)

P)

0
0
0

0
0
0

7
7
0
0
0
0
0

0
-7
0

25
0

375
0

163
4

fl
0

141

n

220

202

P)

§8

80

0
0
0
0
0
0

40
0
£)

0
0

46
0
46
0
0
0

56
47

0
0

5
0
3
2
0
0
215
0

156

0
0

0
0
0
0
0
0

0

P)0

P)

0

2
0
0
2

40

8

S

n
n

12
2
0

P)
0
2
P)

P)0
P)

171
5

-27
P)
168
0

0
0
0

0
0
0

0
0
0

0
0
0

1

/D\
/D\

5
177
0
P)

0
0

0
0

0
0

0
Q

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

320

0
0

3
3
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0
0
0
0
0

-48
-8
-2
0
0
1
-39

0
0
0
0
0
0
0

79

112

68
5
0
64
0
0

316

605

919

38
0
0
38
0
0
0
0
0
0
0

2,365

I0)
777
46
P)
0
0
0
0
0

45
45
0

-22
8

550
0
0
514
P)
0
0
0
0
P)
P)

0
0
0
0
0
0

488
4
14
469
0
0
0
0
0
0
2

471
0

301
0

259
P)

757
0

923
1

562
22

J)

0
0

n0

100
3
0
0
0

0
0
0

a

268
0

484
0

0
0
0
0

0

0
J3

222
6

-1
0
8
9
0
1,427

-103

0

0
0
0
0

809
0

1,569

0
0
0

112
5
-335
181
1

0
0
0

P)

Other
industries

Services

8

0
2

0

Real
estate

279
P)
-112
0
_p
44

0
3
25

fl(*)

Insurance

2,018
-57

n

0

1

0
0
0
0

(D)

0

8

16

fi
0

P)0
P)
P)
P)
(*)

0
0
0
0

421

169

243

120
0
0
0
0
P)
0
0

?}
0
4
0
3

1,122

-243

2

n

SURVEY OF CURRENT BUSINESS

August 1994 • 113

Table 13,1.—Foreign Direct Investment in the United States: Reinvested Earnings, 1991
[Millions of dollars]
Manufacturing

All countries

All industries

Petroleum

-19,125

-529

Canada

-2,762

-684

Europe
Austria
Belgium
Denmark
Finland
France

-9,618
. . .

Germany
Ireland
Italy

Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere

-190
-293

-22

-265

92
0
P)

fl

-1,240

-117

-1,319

20
-1
-10

-166
-262

-50

-186

-2,266
-38
24

11

242

Total

-835
-1
-238
-4
10
-412

1
9
P)

10

-92
0
P)

-330
-5
-40

-425
P)
-14

-136

1
0
63
180
(*)

45

-133

-23

-82

-49

-19
P)

4

-17
4
9
-16

n

-26
-1
-17
-8
0
0

(

-56
2

-32
2
-1
-38
4

0
0
0
0
0
0
0

Addenda:
European Communities (12)1
OPEC2
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




-5,163

-4
-21
-12
-64
-9
-40

-S5
-10
0
-55
0
0
0
0
0
0
0

-2,635
-124
-49
-2,378
-26
(*)

-7,405
2

82
59

-2,039
-2

-175

-49
-4,513
-276

-2
-5
-21
-26

12

9
-25
-63
-174
-466
_2

-2
-1

iv/uy .»wny

Ja

-§
ifl
-175

-2
0
-125
-249
-278

1
0
1

Asia and Pacific
Australia
Mono Kona
japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

n

-110

1
3

-4
0
-5
-26
-102
0

-12
0
-12

^

J

5
-64

-5
0
-49
-164
960
0

(

-7
0
-7

fl
fl

8

0
0
334

-13
P)

(D0

-869
-22
-297
0
P)
-16

-82

-14
0
(D)
D
( )
-12
0

P)
0

-1,552
-155

-546

(D)
20

-117
4
-124
25
-18
-3

1

-612

-2,467

-1,577
2

(

-760

-1,519
-6
-4
-5
-28
-332

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands Caribbean
Other

-82
-50
-7
-6
35
-26
-28

64

-348
1
-18
0
-31
-71

0

Middle East .
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

-1,060

11

1,048
0
49
-2
(D)
89

-7
0
-5
-2
0
0

-3

-1,584

-805

321
0
P)

-21

-114

-1,799

-145

-2,965
-6
22
-15
-119
-839

-98
-3
-22
-73
-1

?!

-1,121

-157

103

-215

-117

-3,933

-2,344

-98

-2
-7
0

Africa
South Africa
Other

Finance,
except
banking

-923

(D)

-20

Banking

963

194
38
32
113
-3
14

-249

Retail
trade

-14

-1,383

-1,116

Wholesale
trade

385

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

-194

Other
manufacturing

626

14
-60
0

1
n

Machinery

219

-1,097
-1,622
-72

T
12

Primary
and
fabricated
metals

-5,610

-2
-24
-243
-550
294
-2

-553

Food
and
kindred
products

Chemicals
and
allied
products

-58
P)
-39

"o
0
P)

0

(D

^
fl
«3
T
()
D

(D)
0
0
0

p

l

0

-105

«

-5

«5

-2
1
-3

T
T
P)

T0

0
0
0

P)
-342

9
-105

~15

-300

0
0
0
0

p

0

P)

1,266
-1

-282
0

i
t Q
254
0

s
Hn

n

•2^0

-1

i

0
0
0

-1
-1
0

8P)

n
-1
0
-1

-1
0
-1
0
0

-iS
17
31
-5

8
n

-29

-4
96
3
P)
-5
60
0
-2
0

22
-2
53
1
P)
-623

0
-1

-222
0

-18
30
13
-147
-541
-56

-298

P)
0

.a
n
-375

TPI
(D-3
-186
-101

^

P)

n

«2
o

16
16

-5

-30

0

-904
-26
-48
-806
-2
0
-1
0
-5
-14
-2
-1,108

n

-1,226
-58

-,.18
T
-3
0

fi
-2,169
-1

-24

fl-6
-fl

73
39
0
1
38

-17
0

34
4
P)
-31
80
P)

3r
(
n

<2

n
18
P)
2
0

0
0

0

8

-154
114
35
-153
-127
-2
-16
1

-78
-1
-3
-73
-1
0
0
0
0
0
0

-40
-119
16
62
-10
-3

21
-5

1
0

-231
-5

-1,245
-27

-702
1

-560
-1

-337
4
P)
0
0
273

134
46
62
-3
-2
31

n
n

-21

36

(

2
P)
-346

Other
industries

-3,492

-2,563

-1,362

-948

-21

-210

-943
0
-2
8
D
-57

-798

0
-1
-12
-83
P)
-32
-33
-498

-3
P)

22
-77
P)
-6

n

-19
16
1
-64
-29
0
-19
-2

-& -fi
?!

-77
-454
-4

-13
42
-339
1

P)
0
-80
-4
-375
-1

P)

-544

-584

-176

P)

-55

-5

0

3
-44

-13
0
-12
-1
0
0

-571
P)
6
-538
-42
P)

-171
3
-15
-77
-81
-2

(D

l
-1
-1
0

-3
-4
-488

-S

3
-4
2

n

§

-349
-85
P)

0
0
0

-40
0
-40

1
3
P)
P)

0
0
0
0
0
0
0

6
-1
25
-7
-7
-1
-5

-45
P)

pP)

^
q

30

T
«31

Services

n **$
-3

•2
$

116

fl

Real
estate

1

-22
-5
-98
-4

-120
-69
2
0

8

-5
-242

-2
5
-25
11
142
0

n
-5

(
i
9
i <2
n
n

'l

-18

Insurance

4

<30

-755
-46
-27
-596
P)

n

J

9
fln
0

-988
27
-17
-982
P)
0

1

-3
P)

'?
p
i

67
-1

-1,101
14

-970
-7

n
-1
P)
-2
P)
-19
-4
-106
P)
0

n
n
n0
p)

-705
-29

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

Table 13.2.—Foreign Direct Investment in the United States: Reinvested Earnings, 1992
[Millions of dollars]
Manufacturing
All industries

All countries

.

Canada ..
Europe ...
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Italy ....
Liechtenstein
Luxembourg
Netherlands .
Norway
Spain ..
Sweden
Switzerland
United Kingdom
Other ..
Latin America and Other Western Hemisphere

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.




Other
manufacturing

Wholesale
trade

Finance,
except
banking

Banking

Retail
trade

Insurance

Real
estate

Services

Other
industries

669

-1,119

120

1,895

-810

-1,362

-962

-960

-320

-2,240

-354

-2,716

-2,069

-746

385

134

17

-92

196

131

-144

126

-245

-135

1

-226

21

-72

-3,704
-137
327
-77
-175
-1,185

945
0

-737

101
0

2,015

-223

-1,030

-1,600

-593

-156

-517

-199

-397

-1,149

-698

-203

P)

-3

0

-1

-2
0

-1
-10
-1
-245

-14

-1,050

-10
-2

-2
8
-29
-8

236
0
-17
-1
-10

s
-1

-6
7
-11
-78
-580

0

P)
P)

-31

6
317

2

-6

-2

-14
1
-45

P)
-5
-32
-321

-26
-10
P)
-523

-490

-317

-5
-13
0
P)
220

-141

-2
-6
-22

3
-19
-39

-22

-10
-4
-8

111

-8
13
571

P)50

0
0
461

6
0
-10
-8
21
-20

10
-24
-32
-64
524
7

1

-71
149
7

6
0
27
347

2
0
2
8

1,009

-145

-78

1
0
6
5
186
0

-826

50

147

-52

25

-158

o

-5
-20

n0

27
-466

-71
-12
-153

-17
62
-245
-185
-270

-875
37
283
-881
-306

Addenda:
European Communities (12) l
OPEC2

Machinery

-153

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other

Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

Primary
and
fabricated
metals

-443

48
41
-87
71
28
-5

Middle East
Israel .
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other .

Total

Food
and
kindred
products

-10,086

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

Africa
South Africa
Other.

Petroleum

Chemicals
and
allied
products

-1
-2
377

/D\

-700

-1
-365

n

n0

-1

3
-3
0
0

306
-1

-52

P)
P)
0

26
P)

(*)

-2
-48
0

-89
-3
-86

P)
0

-27
0
-27

-182

P)

3
3
-1

-8

-71
-18
-7
-87
10
-10

P)
P)

o

25
3
-10

o

4
0
P)
0
0

-134

n

(*)
(*)
(*)
H

-4,841
-252

-105
-34

-889
-158

-91

0
-71
0

-4

-3,954
-295
-11
-52

-11
-49
-11

0
0

0
0

-115

o
o

-2830
-115

970
-55

-540
-127
(*)
-23

-2
-9
-6
-21
-567

-4

0
-2

(!)
P)

-246

8
P)
-1
-2

-101
-398

-84

-1
-11

a

-34

-27

34

-209

-56
P)
-3
-3
1
-5

13
0
-3
0
-4
-79

-71
P)
-8
1

-14
-37
P)
-5
3

-356

-36

-312

-12
1
-62
-18

0
-2
-1
96

n
71

-104
-111

-196

-258

0

43
-47

170
0

-543

-29

-1
P)
P)
124
50
-3

-1

1

-6

0

15
-219

3
P)
0
0
247
-12
P)

-88
P)
-1
-45
-14
-346

n
-1

p)
-71

n

-356

2

n

-13
79

-23

-215

-6
0
-26
-6

0

-92
0

P)

P)

-34

354

P)

-157

19

29

P)

-553

-386

-141

P)
0
0
P)
-1
0

P)
0
0
P)
0
P)

-21
-4

P)
1
-5
-4
-1
P)

-6
0

5
30
-50
-5
11
19

42
0
1
41

£)

-57

P)

-43
-1
-23
-19
0
0

n
n

P)
0

-6
0
-6
-1
0
0

-8
(*)
—3
-6
P)
P)

18
0

-43

-14
(

396
-1

-40

14

-13

-6

0
-1

35
-14

0
-2

-12
-2

P)
—23
0

-34
-7

-96
-58
0

7
8

-30
-1
-3

-1
0
-4

P)

D
0

n0

n

P)(!)0

n

-1
2

P)
0

n0
n

P)
DO

P)
0
P)

0
0
0

-1
0

-1

P)

0
0
0
0
0
0
0

0

D0

3
3
0

-1

-5
-5
0

0

(*)

0

-63

-123
4

-363
-78

-496
P)

151
0

a

n

-30

P)
0

(!)
P)
o

21
-2

n

-8

( )

-S-2

-12

-112

fl-8

n
-46
n

90
2
0

-231

0
0
0

(*)

o

-1
-138

0
0
0

0
0
11

1,628

-1

0
0
0
0

4
-166
-120
0
1

0
0
-1
-3
-184

0

o

n

n
Q

0

-1
0
0

0

n

(!)

n0

0

0
0

156
-16

-124
P)

n

-6
0
0
-152
0
2

n
p)6
P)

n0
0

n
P)
0
P)
P)
-92

n0
p)1

-8
0
-8

-5
-3
-2

n0

-13
-1
7
-7
-7
-1
-5

-1
P)
0
0
0

-13
P)
P)
0
-1
P)
-2

-757
-19

-997
-59

-312
48

-27

-32

-22
(*)

-654

-887

-2

P)

P)
1

o

n0
1

-3
-1
-41
(*)
-10

-251

-144

-1,021

1

-1

-3

(*)

24
P)
P)

o

(*)
Q

-2

n
-72
44

P)

-2

-44

-126

-110

-1,096

-111

-2

-95

2

-45

0
-1

0
-2

0
2

0
0

-9
-4

P)

0
-9
P)
-2

0
1
-1
-17

-1
-1
11
P)

0
0

-8
-1
9
-72

-1,439

-462

-4

-248

P)

-193

-31

-133
2
-15

-18

8

n

fl
-369

0
0
0

18

-723

-379

P)
-53
P)

0

o
o

-496
-1
-21
-363

-30
P)

2
194
-5

-384

-1

n

-5
-46
-2
-4

-126

-94
-18

-1,392
-121

-9

o

-119

0
1

0
2
2

0
0
0
0
0

8n

n

-18

(!)
P)

-2

n0
1

-4
P)
-756

P)

-337

-3
0
P)

n
n
n

-159

P)

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

August 1994 • 115

SURVEY OF CURRENT BUSINESS
Table 13.3.—Foreign Direct Investment in the United States: Reinvested Earnings, 1993
[Millions of dollars]
Manufacturing

All industries

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

-1,905

-26

-670

-932

87
0

-204
-385

SPn)

-624
-197
-217

%

-55
-41
-747

-44
77
-280

1,105
1,381
^9

Latin America and Other Western Hemisphere
South and Central America
Brazil
.
.
Mexico
Panama
Venezuela
Other

.

.

Other Western Hemisphere
Bahamas .
Bermuda
Netherlands Antilles
UK Islands Caribbean .
Other
Africa
South Africa
Other

204

-1,026

-2

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

.

. . . .

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore . .
Taiwan
Other
Addenda:
European Union l
OPEC2
* Less than $500,000 (±)
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.3.

D




Total

-8,131

-121
-529

Germany
Ireland
Italy .
Liechtenstein
Luxembourg
Netherlands .

Petroleum

-5

12

182

1
0

8

435
(D)

Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

20

2,798

-1,040

-2,871

-812

-394

1,073
-2
10
-4
-90
-26

480
0

55
-82
-64
-2
-14

-10
(D)
-10

n

4
-6
33

n1

-626

-96

-25
-16
-23
736
1,244
2

(

i
()
D

107
5

-40

-216

-198

2,897
0
(D)

-174

-1,827

r'i

224

620

n1

-90
0
-11

0
0
265

-18
-12

6
0
23
771
941

n

-1,263

116

-697

4

(D)

-82
44
-58

18

-469

5
0
7
-2
0
0

(D)
0
0

-115

36
11

-1,181
30
-285
-556
-389

p
n
^

"o
98
3

R
0

18
-61
-2
-59

-7
-2
16
-6
17
-19
-13

-4,842
-85
7
-4,419

(

1
P)

p
(D^

T^

0

-5

n0

-9
-26
-5
-67
-7
4

-5
0
0
0
0
0
0
0

-1,302
6

45
22

-235

-2
-51
-416

n
n

-228

fl30
(D)

-1
0
(D)
-2
(D)
0

-27
0
-27

n0
n

106
(D)

0
0
0
0
0
0
0

aR

-1,594
4
-26
-1,431
-83

-70
-23
(D)
-51
2

«J
-2

8

-2

-38
-24
7

30

478
-4

23
0

3
1
$0
(D)
0
(D)
D
0
0
0

n0
0

-70
6

n
-68
-1
0
0
0
0
-7

n
-3

1
8
-2
-43
33

-4
-48

0

n
6

T

5
-2

n

3
-10
60
9
310
-3

-8
-5
-63
88
101
-26

-13

(D)

P)

D

()

n

P)
-17
0
0

-4

P)

-157

fl

•)•)

(
D2

(> 8
1 n
p
0
( 0)

0
0
0
(*)

0
0

n0

-285
-25
(D)
-199
-80

n

8

-12
3
P)
-9

50

l0

{

r!
-3

-6
162

n(^
i
n

(D)
0
(D)

(

-S

-8
-2

i

1
P)
-14
-3
-229

-77

8

-301

-258

-123
-495

()
(D0)

-72

-206

(D)
-2

D

-435

-128

-154

fl

50

-4
(D)

-346

P)
-167

-656

(D)
-5
17

-303

Retail
trade

-149

-14
-14

n

179

Wholesale
trade

0
0

11
D

fl
-844

17
-35
-796

-2
0

n0

n

0
0
-1
(D)

-16
-11
-2

2,079
-1

-133
0

-1,137
-2

0
0

-325
29
3
-318
-2
0
-2
0
P)

P)
-355
-1

12
-37
-121

n

a
-5
-5

n

•30

-179

-1
-10
1
-2
13

-6

n

30

n

-809

P)

-608
0

P)
-34
91

-37
-99

619
P)
-72
10
-4
165

n

373

-160

-5
-39
-23
-6
2
-152

n

P)

118
45
12
11
27
24

64
0
1
63

n
(D
^

26
0

2
-4

-83
-19

0
0
0

14

n
n

33

-53
-56
5
0
5
-1
-6

10

-1
-4

0
0
0
0
-65
P)

n
1]

28

(D)
0
P)

n2

-39
-8
-405

145

-8
0
-8

-80
-1
-5
-75

-273
P)
1
0
0
-78

-3

-259

n0
n

8(
'0l

«3

n

-4
0
1
-13

P)
3
-174
56
-20
0

-12
289

n

287
7
41
153
5

-1

-491

T

n

-288

-2,854

15

fl
-51

-1,429

115
430

-36
13
-16
-22
-8
-2

-132

Services

444

-1
103
P)
14
162
-18

-138

Real
estate

242

0
-4
-2
-58
0

Insurance

-323

-18
101
-90
1

-109

Finance,
except
banking

-1,176

68
0
-3
0
-4
-68

0

a

Banking

n
12

-1,555
-144

15
-1,243
122
-2

39
10
P)
717
-7

f)
0

n0
n
311
8
2
297
P)
0
1
0
10

1

-391
P)

0

-1

-2
0

n

(D

^

P)0

0
0
0

16
4

•3n

0
2
1
-1
0
1
-463

n

-75
-170

-1
-504

60
-559

0
1
2
P)
-353

-17
-8
-18
-5

n

-59

-1

n

-13
88
-150

P)
-212

1
0
1

-55

n

-5
-45
-1
-4

n
0
-213

Other
industries

-749

-49
-94
-1
-4
P)
-5
-9
-32
0
-14
-1
-9
-77

P)
3
-6
-15
96
-5
-94

-7

n

-6
3
1

P)

-87
5
3
P)
-28
P)

n

P)
0
P)

-9
-2
-7

-8

80
0

-30
(D)
-6
0

0

fl-2

-448

-2
-20
-325

-14
4

10
-7
-6
-1
-5

13
n
-74

fl

-1,028
-14
-15

-721

-937

-733

-8n

-41
2
-10
-688

3

41
-4
-16
-6

(

'l1

-4
0
-602

-4

-473

10
-3
-453

p

l

P)

n
n
-6

-3

-44
-17

2. See footnote 2, table 10.3.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

116 • August 1994

Table 14.1.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1991
[Millions of dollars; outflows (-)]
Manufacturing

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

.

. . . .

All industries

Petroleum

2,328

-2,217

241

2,566

2,703

-1,895

360

-225

-321

-10

920

(D)

163

P)

-1,013
(D)
-10
-1
(D)
14

-15

-78

a
-18

2,659
0

2,935
0
13

1,837

P)

221
0
0
0
0
-47

(D)

79

-6
13
0
P)
5
228

39

-257

-111

118
(D)
2

110
-250

-82
8
-1
-29
-1
-59

403
-38
258

53

-372

8

(D)
-80
-11
(D)
-1,611

-198

fl

8
(D)
(D)
-11
-1
30

8

(

1

364
394
-207

-51
(D)
11

327

8
-61
13
(D)

-14
(D)

-189

(D)
0
(D)

(D)

-256

24
-7

-265

0
()
0
D

-258

-2
(D)

(D)
-282

(D)

%

8
(D
( ^)
D

-121

370
-765

833

5
-17

-157

143

-«84
-807

(D)
94
-11

1
4
(D)
1

1,254
-71

-1,730
(D)

(

1

P)

(°)

o

-75

15

359
326
-3,052
1,870
330

392
506
125
0

(°)

-208

-68

-84

OS
3

8

()

a
-,a
-18
-3
-5

%
(D)
-405

D

-168

-105




-938

-1,121
(D)
-113

-510

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.
2. See footnote 2, table 10.1.

2,404

172
0
31
(D)
214
(D)

-12
239
576

European Communities (12) 1
OPEC2

-507

-1,001
8

-105

. .

515

-*•

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

Asia and Pacific
Australia .
Hong Kong
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

400

D

2,170

479

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

-1,028

()

-802

Africa ..
South Africa
Other

-123

7

-476

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other

Wholesale
trade

231

—6

,

Other
manufacturing

()

D

401
125
3,505

.

Machinery

889

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

-743

Primary
and
fabricated
metals

41

-545

Latin America and Other Western Hemisphere

Total

Food
and
kindred
products

Chemicals
and
allied
products

10
-2
13
0
0

n

a4

16
-11
0

0
0
0
0
0
0
0
0
0
0
-317

B
80

(DD)
()
-15

56
(D)

0
-5

1,776
(D)

33
-2

(D)
-70
0
-91
-1,514

24
(D)
197
16
647

fi
PI
%
0
(D)
(D)

-33

()

527

-696
6
(D)

p,;

a
9

216

-16
-34

1
-3
(D)

n

8
13

(D)

161

-33

-8
3
()

-1
(D)

-12

D

^
3n

3n
"o

a
3 a
0

10

a

0
0

0
D0

3

( 0)

-£( )
D

p)
-20
(D)
0
-1
0
(D)

()

30

108

71

-22
11
(D)
-8
(D)
-3
-1

145

n

3
pi
-16
(D)

1,338

-(3
(D
-221

0
0

n

3

n

-93
58
-14

49
(D)

248
-3

1

^

462

9
-6
(D)
239

100
10

-386

(D)

88

(D)

-27

-1
(D)

11
29
-12
-8
(D)
(D)

32

-38
-15
-35

(D-3

^0

0
(D)

-150

a

160
158
0
0
3
-1
0

1,686

H
359

-461

(D)

-768

n

0
0
0
0
-13
27

(D)

-71
1,654

8
877
6

()

-1,075
803

3
349

1
0
P)

0
1
(D)

0

-1

(D)

250
j)

0

(D

l

(D)

0
0
0
276
276

0
D0

()

,e

30
(D)
0

-10
D

(D)
()
-10

0
0
0
0

0
0

(D)

p'!
(D)

30
0
0
0

-597
110
109
-947
310

n
n0

P)
114

(D-1
0
-11

^

-200

P)

8n

P)
-2
-14
-21
-478

P)

P,
-2,804

P)
197
19

P)

51
P)

R
?!

0
0
0

3
0
3

-1
-1
0

0
0
0
0
0
0
0

125
0
125
0
0
0
0

-22
4

i

155

6
2
2
0

(

<3

0

0
-26

n

$

-2,798

-83

(

P)

-83

-159

1,846
344

-S3

72
-573

-17
5
2,364
0

-65

0
0

3
245

-153

P)
P)
163
1
-124
2

0

2,363

Other
industries

Services

Real
estate

D

a •5 3
5
-16

n

-713D

Insurance

-aPI &
pi P)
(D
^ P) nl
3 3 3
(D
(
l
p l p]
l
n
0

303

513

0
0

i
(*)
i p(ll
4 ()

a

-25
-1
P)

30

3
0
0
0
1

-244

0
0
0
0
0
0
0

0

a

11
(D)

72

P)

16

8

n
n
n

0
D0

-177

276

4
1
3

3

960
-15

P)
(D)

n

162

P)

D

Finance,
except
banking

Banking

Retail
trade

p

l

3
p)(
S
14

0

«30

8

0
14
0

-2,324
19
7
-2,352

154

33

a

92
1
23
50
P)

0
P)

-1
0

n
0

1

3
0

an

30
P)

0

p)

-1,034
(D)

14
0

149
(D)

2,265
0

69
125

2,958
P)

-1
-1

fl
1
1

a

-538

15

August 1994 • llj

SURVEY OF CURRENT BUSINESS
Table 14.2.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1992
[Millions of dollars; outflows (-)]
Manufacturing

All industries

Petroleum

Total

-3,929

-2,052

Canada

-1,798

(D)

-79

Europe
Austria
Belgium
Denmark
Finland
France

-4,018

-1,745

-1,491
4

All countries

.

-124

316
80
-35
-1,752

Germany
Ireland
Italy .
Liechtenstein
Luxembourg
Netherlands .

827
450
83
25
87
390

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

P!

1,607
-274

-5,960
75

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other

103
-47
46
232
-157

29

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands Caribbean
Other
Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon .
Saudi Arabia
United Arab Emirates
Other

719
420
-375

1,241
163
-730

11
H

. . . .

Other

.

11

31
-39
-64
0
117
13
4

.

Asia and Pacific
Australia
Hong Kong
japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan

822

.
... .

..

Addenda:
European Communities (12) J
OPEC2
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.
2. See footnote 2, table 10.1.

D




8
fl( )
D

32
154
957

3
D

(-9)

(D)
(D)
D

55
-989

1
57

181
P)
29
P)

-S

,'S

30

147
20
-5
145

()

8

-57
4
46
P)

20
0
20
115
0

3

110
-5
(D)

P)

3
1

%

-174

$
3
8
«3
-415
-239

30
0
0
0
0
0
0
0
0
0
0
41

358
-2

-1,628
P)

8

0
P)

Wholesale
trade

Retail
trade

-928

-1,704

479

912

-42

P)

100

-1,674
-5
-48
63

176
5
31
-44

-184

-18
1
2
15
P)

15
165

97
P)

-126

74

585

P)

3

P)

3
P)

P)

108

3
108

586

P)
0

fl

P)

P)

P)

-11
-3
-8

3

a
0
0
0
0
0

-200

-2

<3
0
0
0

(

3

30

-30

-51

a

% l
In
p

11

-18
P)

1,193
2

-1,414
P)

3
n

0
0
-5
0

-223

-3

(

2

99
6
-9
3
-1

-656

a I
fl

56

P)

30

P)

-132

0

P)

-2

Pi0
0
0
0
0
-174

15
-3
P)
0
P)

n
1,082

P)

— 2o
21

8

a

-1,228
-2

44
2

-655

2
8
108

175
32

s11

3
P)
-207

18

-1,312

728

-1,138

-1,680

344

16

291
0

343
0
0
0
0

0
0
0
0
13
3

-429

P)

B

^

n
(

2
fl
3
n0

690
120
-2

60

JS
234
0
1,211

a

0
0
0
0

<?!

(

58

P)

-36
0

2
P)

n0

78
0
P)

59
11
-10

•36
0
1,070
-18
-67
P)
11

JJ
1
P)

129
P)

fl

-4
167

1
-7
0

Pi
fl67

-1,8(0]

JSp)

-227

-36

n

8

1
0
P)

-123

11n
P)
p)

50
131

P)
0
P)

0
0
0

0
0
0

P)

P)

0
0
0
0
0
0
0

-81
0
-90
0

P!P)

3
P)

30

13
0
0
0
0
13
0

26
1
1
9

64
4
5
50
-5
0
P)
0
P)

44
P)

P)
44

0
0
0
0

P)

320
365
81
-185

^

ID\

%0

0

0
28
P)
28

1
Pi

66
0

-974

11
-191

(Dn

32

^

0

32

-89

30

0

59

62

-35
0
0
-35

-249

-1
0
0
-1

0
0
0

P)

a
p)
i2
0
10

50

3
(DI

1

-8
-19
0

-28
P)
0

0

3
30 T
0
P)

n

n

460

3
P)

PI

0

8

-533

(D-5

P]

P)

-1,330

Pi
4Z
P)

18
54

-172

8
2

-1
-4
3
0
0
0

Other
industries

Services

214

311

-103

-34
-18
-13
P)
-2
P)

P)
p)

o

-3
0
P)
-44

Real
estate

566

67

W

Insurance

-12

3
3
50

3

Finance,
except
banking

-69

3
n

-83
7
P)
194

11

366

P)

-5

-820

Banking

-26

79

-4
26

-178
-306
-615

P)

10
252
50
-5
241

1

14

n
P)
P)
P)10

Other
manufacturing

640
0
P)
771
P)
0

-14
-3

11
-85

P)

-1,959
-53

n

8 a
-1
P)

-247

3 128 30
-SP) -An J3n
787

D

-15

Machinery

-340

3
-4
0
94
P)

P)
-2

-156

-227

-283

P)

18

Primary
and
fabricated
metals

a <°)
§ -an a -<S
3
a
3
a a
a a
fl

P)

-132

-5,420
-64

-350

P)

135
-7

-150

Pi

fl

77
138
-1,492
P)

1,155

()

-239

-13
29

5

-993
-523

1,025
484
514
168
28
30

-647

Food
and
kindred
products

Chemicals
and
allied
products

-950

P)

-81

n

7
310
-74

1

fl
0

-182

-64

1
8
P)

-979

5

%

Pi
-2
1
P)

P)
44
13

II8 ® August 1994

SURVEY OF CURRENT BUSINESS
Table 14.3.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1993
[Millions of dollars; outflows (-)]
Manufacturing
All industries

Petroleum

Food
and
kindred
products

Total

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Wholesale
trade

Other
manufacturing

Finance,
except
banking

Banking

Retail
trade

Insurance

Real
estate

Other
industries

Services

9,065

-2,228

2,743

-358

428

560

1,527

585

-235

459

2,294

5,996

520

238

Canada ...

211

(D)

153

-33

-23

-27

136

99

-121

P)

n

310

P)

283

Europe ...
Austria
Belgium
Denmark
Finland
France

11,115

2,606

-469

465

610

944
6
-25
-11
15
114

1,056
12
74
-19
323

-211

180
1

1,807
150

7,094

-121

97
0
0
0

-782

P)
-49

0
-87
139
106
P)

P)
-2
-61

316
51
(D)
-1
20
611

41

-77
3
4
0
2
1,328

All countries

.

Germany
Ireland
Italy ....
Liechtenstein
Luxembourg
Netherlands
Norway
Spain ..
Sweden
Switzerland
United Kingdom
Other ..
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
UK Islands Caribbean
Other
Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand .
Philippines
Singapore
Taiwan
Other
Addenda:
European Union 1
OPEC2
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 10.3.
2. See footnote 2, table 10.3.




-707

81
336
—669
187
3,161

0
507

5,239

592

9
(D)

-231

964
-3
-175

1,167
-65
-1,145

310
-871

2,746

84
-966

-1,862

39
-256
-735

R
896
-1,640
79
-1,027
3,395
88
107
16
92
-14
142
(D)
0
(D)
27
44
-1,387

?

R( )
D

-3
(D)
A
(D)
-9
-1,409
D

()
11
-2
-545
-914

(D)

(D(D)

^

-156

30
4
( )
D

70

127
142
11,403
-1,049

7
0
0
0
6
-1

n

-999
-1,058

j)

P)

-67

P)

1,000
3
1
0

R
R

-373

(D)

828
-18
-1,015

(D)

-833

D

( )
14

(D)

R

3

5
16

R

a( )
D

D

(30)
-2
-2
951
-15
75
741
-23
(D)

?!
R
«B

R( )
D

-1
-47
189
(D)

-148

-1,022

R

-67
(D)
423

T

52

-728

1,383
-26
23
-3
P)
617

-18

~P)
-46
(D)

-155

177
28

18
(D)
-32
51
57

(D)

130

n3

s

-fi

R

155
-255

471

n

-197

(D)
-10
(D)
-152

3
(D)

8
D

( 0)

T
2
91

-83
2
P)
D
()
192

n
p)

-29
-1
-31
1

3

T
-S
2
0

0
0
0

12
11
1

0
0
0
0
0
0
0

D

()

T0

-1
-2
-2

(D)
3
(D)

20
-16
P)
3

-268

43
P)

S

580
1

P)
0
P)
0

P)
9
45
0
5
96

R
J

P)

0

2
P)

P)
0
P)
P)
-84
0

P)
-1
-1

5
P)

-305

(•=0

T

P)
0
26

4,900

P)

71
-27
0

P)

20

2,071

14

2
1
1
0
0
0

16
8

-58

30

2
0
0

(DD)

R
fl
()

n

n
8
7
0
P)

T0

0
0
0
0

-3
P)
-45
80
P)
14
P)
10
-7

i

-137

P)
-85
0
-85

0
0
0

8

T

fl

(D0

0

^0

-40

R

26

800
3

980
(D)

915

R
-383
-3

-28

«0
0
0
0
0
0
209
0

(*)
0
P)

0

84
23
P)
0
0
P)
P)

149
50

T

-15
0
-19
P)
0
P)

P)
43
0

R -<3

-2
26

2,128
P)

32
33
P)
0

P)

R

4
0
P)

P)
P)

0
-2
0
21

n

P)

T

206

22

R

133
P)
-13
P)

1

R0

296
P)
39
P)
-18
-2
P)

30

R
R

P)

430
(D)
51
325
-3
(D)
0
(*)
-41
1
33

I

774
0
132
0
0
12

212

P)
P)

R

n0

0
-25
P)

(D)

-190

80

P)
2,175

-731

P)

3
P)
P)

0
0
0

82

2
-32

«

3
27
-29
D
2
3

R

n0

-371

0
0

P)
P)0

q

p,

5

3
3

«3
R

3

23
67

R

38
-129
-1
148

-241

(D)
-69
-11

1

17

1,152

20
0

( )
27
(D)
57
-1
-1
6

-19
0

3
206

234

R

-854

R
R
8

D

(

-399

7

-774

383
P)
129
111
0
0

T46
P)
1,145
P)

4,045

1
0
0
(*)

-3,401

%
-2,602
0
-1
0
0
P)
-5
-8
7,957

-4

T

0
0
0

159
-9
-1
168
P)
0
P)

-136

32
0
0
32

<3
-169
10

$

-158

P)

P)
^

T
»0
0
0
0
22
-38
-6
40
0
1

n0

5
-949

P)
-495

P)

R
(

°4

'I
-2
P)
-425

12
9
-1
10

52

-1,068
1,153

1

1

R

-70
3

-21

P)
P)
-15
8

3
%
1
2

R
R

115

14
P)
P)
0

(D

"90

P)0

401

-138

-S
354

P)
-42
-80
P)

37
1
P)
0

l

0
0
0

(D

24
2
-1

n
23
n

0
P)
23
7
P)

136
H

34
-74

-873
27

1,142
9

R^

SURVEY OF CURRENT BUSINESS

August 1994

Table 15.1.—Foreign Direct Investment in the United States: income, 1991
[Millions of dollars]
Manufacturing
Food
and
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manufacturing

1,477

3,909

-561

-1,655

-1,404

49

-1,467

-199

-988

1,036

111

-43

-98

-794

169

108

-9

-789

-18

15

-443

188
-2
1
-29
4
-64

-383

-1,239
-139

-1,206
-1
-296
0
P)
-189

797

-362

-393

-3
0
-1
-5

-31
'0
-2
14
1
44

P)
-11

11
P)
-22

91
0
-2

88
_•<
57

5
0
-19

1
P)
-594

-30
-27
-48

27
-73
P)

-133
261

-328
4
P)
0
0
559

-56
P)
-1

0
P)
-65

-169
P)
-3
-6

-4
4
-188

-2
P)
-116

0
-1

-17
34
13
-60

-2
9
1
35
465
0

-3
P)
4
-48

P)

P)
0
-76
1

All industries

Petroleum

-2,347

1,356

1,766

-1,208

-219

428

P)

P)

-87

2,071
-152
-79
-13
-81
-486

1,169
0

3,532
-5
39
-16
-70
-171

1,063
0
P)
1
P)
58

3,835
0
57
-4
P)
302

-49
2
-17
0
9
47

-874
-6
-3
-5
-23
-236

Germany
Ireland ...
Italy
Liechtenstein
Luxembourg
Netherlands .

-852
-174
-259
-45
-123
874

44
-1
-10

2
13
P)

-288
-3
-39

8
175

157
P)
P)
0
-7
848

-80
0
P)

fl34

n

312

-564
5
-224
-3
13
960

-4
109

-3
P)
-206

Norway ..
Spain .....
Sweden .
Switzerland
United Kingdom
Other .....

-40
36
-364
99
3,789
-60

P)
0
11
15
777
4

11
-20
11
378
3,189
-2

D
1
0
206
601
C)

8
4
93
521
2,029
0

-4
0
-1
-22
-50
0

-2
0
-67

9
-25
-13

-181
-126

-145

-248

P)

231

-6

145

South and Central America
Brazil .
Mexico
Panama
Venezuela
Other .

416
50
38
292
10
25

55
-3
0

10
-3
-22
35
-1

-7
(*)
—5
-2
0
0

P)
g

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other.

-664
66
-177
-203
-359
8

P)
0

-13
P)
(D)
-3

-127

1
0
P)
P)
-11
0

0

P)
0

-116
-3
-113

-7
0
-7

-12
0
-12

1

p)o

P)

-34
-60
32
-6
48
-26
-23

P)
0
P)
j)

-1

-2,811
-193
-18
-2,339
-208
-4
-18
-9
-4
-6
-12

49
95
0
-46
0
0
0
0
0
0
0

2,661
74

1,183
85

All countries
Canada
Europe
Austria ...
Belgium .
Denmark
Finland ..
France ...

_

Latin America and Other Western Hemisphere

Africa
South Africa
Other
Middle East
Israel
Kuwait ...
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
Japan ....
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan ..
Other
Addenda:
European Communities (12) *
OPEC2 .
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




p)(!)
-104

a

Total

0

(*)

P)4

221
3

o
0

367
-18
-3

(*)
-1

(!)
P)

n
P)
"2-98

-42
-2,199

-25
0
-4
-2
-2
-21
-20
3,211

-2

0

1

0
-i

H

P)

p)

P)

o

p)
P)0

p)
P)

(*)
-51
0
0
0
0
P)
-1

n

-294
9
1
-278
P)
0
0
0
0
-1
P)

3,213
-1

-33
0

n
P)
p)3

852
0

0
0
0
0

-4

-213

159

19

-21
1
8
-17
P)
P)

P)

o
•\

172
57
68

o

8
-2

(D

p)
p)0

266
1
P)
P)
P)

0

-12
3
11
-33
5
2

0
0
0

-1

-29

n
n0
n

-1
0
0
0

n

-5

0

0
0

(*)
0

0
0

-869
-26

-1,160
-57
1
-1,069
P)
0
-3
0

0
0
-1
1
-3

0

-47
-774

-1
0
-1
0
-5
-14
-2
-594

0

0
-1

-1

0
( )

p)

-227

-1

D
()

-33

-22
-1
-17

0

-fi

-49

-19
P)

n
p)2

n
-368

P)
-3
13
48

-518

P)
P)
£)

-4
0

-4
127
3
P)
2

Finance,
except
banking

-159
0

244

n
<ri
n

Banking

Retail
trade

—139
3
-114
-3

-23

a
-2

P)
-186

-129

P)

3
-26
1
(*)

n

81
273
-5

0

o

-356

734
-2

p)0
Q

-343

n

0
0
0
0
0
0
0

0

-1
P)
-8
-62

Wholesale
trade

-1

-124
-101
P)

Insurance

H00
P)

-3

Other
industries

Real
estate

Services

-1,901

-1,322

n

n

-676

0

-18
17
1
-45

-4

-3
61
127
1

P)

-375

-406

-151

39
0
1
38
0

P)

-49
(*)
—5

-14
0
-13

-2
-1

-1

n

-1

-39
-2

-4
3

-13
0
1
P)
P)
0

-20
66
P)
-15
-57
P)

0

-326

n
D
-1

P)
-20

P)

-215

-359

-70
P)

-42
P)

4
-15
-67
-69
-2

42

D°

0

-128

-3

n
n

-392

6

-123

-1

H
(*)

-149

n

0
o

n

0
0
(*)

(*)

o

-30

0
0
0

-40
0
-40

P)
0
P)

P)
-3
P)

-3
-2

-5

-108
-63
2
0
P)

18
P)
2
0

-44
P)
P)
0
_^

-16

P)

P)

44
-1
63
-7
-6
-1
-5

P)
D
-1
0
D

n

0
0
0
0
0
0
0

0

P)
-2

25
114
51
19
-140
-2
-16
-1
-1
P)

-72
-1

820
-101
20
811
55
-3

72
P)
2
295
P)
0

an

-379
-41

-841
20

P)
-18

-25

-17

30

-274

-826

(*)

P)

P)
0
-3
0
1
P)
0

-4
-82
P)
0
2

H

-3
-67
-1
0
0
0
0
0
0

296
-2

-9
-5

n
n0
0

n

n

o

n0

-6
6
25
13

15
1
0

-1,053
-21

-999
2

0
5

(*)

0
0

n
n
-23
-2

1

-3
P)

715
-1

-283

53

-92
-7

n
n0

p)

-309
-28

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

12O • August 1994

SURVEY OF CURRENT BUSINESS
Table 15.2.—Foreign Direct Investment in the United States: Income, 1992
[Millions of dollars]
Manufacturing

All countries
Canada
Europe
Austria
Belgium
Dsnmark
Finland
France

All industries

Petroleum

3,566

1,370

659

-49

5,389
-98
358/
-46
-49
-580

1,314
0
(D)

5

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

-585
84
-467
-67
7
2,149

18
2
(D)
-1
_2
448

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

9
92
-123
680
4,079
-55

1
0
6
6
469
3

Food
and
kindred
products

Chemicals
and
allied
products

4,398

833

3,854

525

173

17

-61

4,044

743
0

3,805

17
2
-13
1
-27
37

-435
-6
(D)
11
-29
-235

-86
-2
-25
-9
(D)
-505

15
0
1
-8
33
31

-442
-4
-13

-253
33
(D)
0

419

15

2

-2
-2
21

3
-19
30
-50
716

Total

-5
24
5
-46
-157
-501

48
-8
26
1,370

-71
0

21

7

-44

(D)

(D)

(n

(D)

3,075

536

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
UK Islands Caribbean
Other

-110
48
293
-184
-271
3
-84
-3
-81

Africa
South Africa
Other

-107
-54
27
-7
-77
10
-5

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hono
'
» Kona
• «"'»
Japan
Korea Republic of
Malaysia
New Zealand
PhiliDoines
' " rK""**
Singapore
Taiwan
Other

.

.
.

European Communities (12)
OPEC2

,.

l

.

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.




(D4

^

8

-8
489
7

-85
-5
-20
-60
-1
(*)

1
<J
n

fl0

n0

i

-3
0
0

(

l
(D)
0

621
-1
(D)
339
(D)

-45
0
-2
5
-48
0

75
0

-27
0
-27

(

Tn
<2

C)

3
3
-1

'l
n
o
0
0
0
0
0
0

0
(D)
0
0

8

-2,506
-254
-51
1,724
-267
-11
-49
-10
-44
-3
-92

-92
-29
0
-62
0
0
0
0
0
0
0

-682
-139
0
-357
-126
P)
-22
-2
-9
-9
-18

.a

5,058
-27

1,333
-26

3,525
-4

a

-37

0
0

1
0

284
(D)
-79
5
-83

66

n
-3
3
280

602

-21
-4

(D)

-42
-1
-23
-18
0
0

-40

-13

644

-22

fl-5

•3
-12

T
T

-2

0
0
0
0
0
0

T
0

"o
D

()

D

( )

n

728
0

3,073
-1

33
0

-167

n

1

%

n

-21
0

0
0
0

-1
0
-1

3
3
0

-1

n

•30
-447

9

-338

-2
0
-1
0
-9
(D)
-2
-253

n

0
-1
0
0

1

Finance,
except
banking

Banking

Retail
trade

-45
135

-34

'l9

fl0

-2

141
-109

n

(

-331
-61
4
-151
-120
0
1
0
0
-1
-3

n

193

Wholesale
trade

-2
2
-55
121
58
-17

-81
5
0
-96
0
0
0
0
0
8
1

8
-21

Other
manufacturing

921

204

18
4
50
657
1,920
0

67

.. ..

188

-709

1

22
-17
106
442

255

188
3
-10
D
( )

7
496

-501

0
727

325
42
43
192
49
—1

D

-8
19

0
(D)

Machinery

fl
177

215

T
( )
1

]
8

-349

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

Latin America and Other Western Hemisphere

p

Primary
and
fabricated
metals

33
-3
129
2

n2

37
0
-3
0
-4
14
0
-2
-1
103

-970

-162

355

-193

e

-563

534

-436

i

0

-141

2

8

15
29

5
-88

-3

-59
-36
(D)
-5
2
-209

8
•3
n
91

n

7
159
-343

3

"o
0
493

-2

-9
(D)
-81
-39
659
0

161

56

P)

146
31
81

40
0
1
40

1
3

25

8

135

-148

-90

-1
0

n

-1,428

1,070

(D)

n
-1
0
n

Other
industries

-119

(D)

-1

Services

-350

73
-39

3
-5

Real
estate

-24

-458

0

-243

Insurance

n
12

-166

n

0

-1
10
-60
(D)
-43
-8
-12

n

fl

-49
-232

-1
-414

-1
-3

-4
0
-2
1
-4

-81
-10

a «,

n

16
44
-14
-18
7
-2

i( )
D

n0
n

0
0
0

P)

24

1

0

-5
-5
0

n
0
0

q
0

-77
(
l
(D)

n

1

214
-16
3
248
-5
0
-2
0
1
-1
-14

-94
0
2
-1
-1
-11
(D)

2
0
0
0
0
0
0

-21
-9
-4
-7
-1
19
-60

-56
-4

244
-2

-66
(D)

56
-23

49

8
29

8

-102

-367
-113

-40
-131

<3

'5
P)

253

fl
272
"o

1

0
-28
2
4
-593

5

(

l
n
0
0
0
0

8

-2
n0

-363

-148

251
0
-17
-1
-10
-84

3

-6

346
1

-20
-2
42
-6

n
n
112
-364

n

-122

n
n

-358

J

-7

3

-5
(D)
(D)
-115

-29
(D)

-17
(*)
-17

-4
0
-4

-5
-3
-2

31
-1
51
-7
-6
-1
-5

-1
(D)
0
0

-11
(D)

-252

-398

-13
-23
-343

-1

n

nn
1

3

656
-1

9
8
-29
-7
-1

3
-15
(D)
-45
(D)

42

-2
-1
-7

0

n

3
-1

15
0
-1
8
8

(

3
-113

3
-42

-88
0
3
-33
-58
0

n

149
(*)
-13
(D)
(D)

-7

-1

-30
-4

114

172
0

-51

23

S3

24

-342

43

8
0

-798

-57
-30
-690

1
-1
(D)
-2
-286

51
(D)
-318

(D)
-2
-2
0
1
-4
D
()

-2
0

65
-7

182
D

8n
n

()

2. See footnote 2, table 10.1.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 121

Table 15.3.—Foreign Direct Investment in the United States: Income, 1993
[Millions of dollars]
Manufacturing

All industries

All countries

6,298

..

-35

Canada
Europe
Austria
Belgium
Denmark
Finland
France

.
...
.

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other

.

.

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other

9

'^

Petroleum

1,640
-21

1,327
0
(D)

-60

-15

1,121
0
4
5
-4
78

4,645
0
(D)

-365

15

50
P)
0

-387

5

P)

8

-334

<]
-2

fl
(D)

-440

37
-263

28
-300

0

243
3

R

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

49
8
50
-6
26
-19
-10

-2,553
-50
74
-2,319
-243

-8
-19
-4
-23
4
36
7,691
74

D0

()
"oD
()

n

0
0

23

10
0

fi
257
(D)
5
-27
0
-27
106

0

«0
0

-1

-1
0

«30

-1,327
18
-23
-1,187
-82

n

"a
"
(

l
n
0
0
0
0
0
0
0

-37
-23
(D)
-18
2

(

l
-2

0
0
0
0
0

-2
-39
-24
11

(^
0

1,253
46

4,574
-4

594
0

757

-195

199

1,112
-3

-185

-5
21

293

-1

845

0
3
582

-286

-2
-51

-2,217

-162

n
(445)

154
50
19
16
53
16

-737

-71
0

3
-14
84
1,085
3,358
2

5

Wholesale
trade

fi

1
0
P)
40
586
(D)

1

Other
manufacturing

894
0

-6
61
75
1,808
4,939
-13

-3
D

Machinery

-1,231

-49
-38
1,878

4
52

Primary
and
fabricated
metals

46
2
9
-2
-21
79

9n

(D)




4,799

-5
0
-2
266

-138
-160

-61
-2
-59

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.3.

5,693

1,038

517
-43
-43
-2
5
335

(D6)

Africa ....
South Africa
Other

D

-256

0

260

fi

0

Addenda:
European Union l
OPEC2

3,728

21
2
-53
436

444
-3
-93
465

59

Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

Total

Food
and
kindred
products

Chemicals
and
allied
products

14
1
3
948
1,642

n
D

()

8

9
22

(D)
33

•n
(D)

9
P)
p

n

-3
1
-45
-81
-11
-14

fi

-417

P)
-72
-434

24

n

-13

P)

^

n

P)

-4

P)

fi
9

fi

0

<36
9

«0

9

0
0
0

P)
0

fi
P)

(

l

0
0

1

PI
•20
0
0
0

0

n

22
8
0
23
-1
0
0
0
0
-8

-254
-10

-S
-80
n
0
0
-1

n

P)

3,661
-1

58
0

n

11

1

fi

0

-788
17
-34
-742
-1
0

n0

-16
-11
-2
-676

-2

P)

?!
9

P)

(
('l

l

0

1
—269
27
3
-262

-2
0
-2
0
P)

Services

Other
industries

-1,625

-594

-322

-96

-35

271

574

-442

65

-34

504

-33
-1
8

1,106
P)
-72
10
-1
271

810
0

-159

45
0
-2
8

305

-176

P)
2
-2
-3
440
-2
-2
-66
230
293
-16
P)

2

P)

0

Real
estate

1,695

n
0
0

Insurance

414

-9
-2

0

Finance,
except
banking

776

-47

3
-10
134
47
1,214
—3

Banking

-62

-3-2
-136
P)
-21
-2
P)
97

Retail
trade

9

-170

n
-2
25

12
2
-27
-118

0
P)

fi

-42
0

-1
113
P)
51
193
-12

-2

122
677
0

-64

256

132

P)

-2

230
51
99
22
29
28

62
0
1
61

27
0

70
16
-16
-12
61
22

-101

R

-2
0

n

n

i
9(
i
0

0
0

0

3 3

P)

-1
-4
P)
P)

937
-1

361
-2

-43

0
-4
-2

33
P)

n3

«2
-2

106
103
-35
1

-5
-5

538
7
55
420
-24

9
922

94
0
-3
0
-4
1

-62

-130

-414

n

-45
-1
-5
-40

<20
0
0
0
0
73
P)

440

015

n

-8
0
-8
-42
-47
5
0
5
-1
-4
-502
-101

58
-330
-104

-2

99
21
P)

1,114

n

32
-29
-47
-6
-10

$

-21
318
-499

?!

(

1

P)

P)
P)
0

n0
n
402
-25
7
408

91
0
15

"
-695

P)

0
4
-11

-$

-25
0
-14
_<
-9
81

P)

R

9

-37
-3
-30

-10
-7
-18
-2
-13
135

P)

g

n
n

-52
28
-1

125
62
P)

-124

-365

P)

-48

0

5
-40

9.-1
1

0

1

2
2
-4
0
0
0

9(D
^
0
0
0

17
5

<3
(
l3

1
-1
0
1
800
0

-1
-3
-317

n

-19
-227

-66
-5

-193

26
-1
44
-7
-6
-1
-5
-672

-9
-11
-632

?!

-12

32

3
-11
283
-5
-106

2
0
1

n
n
195

-7

1]
-5
3

n
-99

8 5
$P) J
P)

-14

J]

n

-2
P)
-5
20

P)

-176

334

-121

n

P)
^

<Jn
0

9

-515

43
-4
-529

-16
-6
0
0
1
-4

-9
-2
-7
-29
P)
-5
0

s

-449

13
-3
-438

P)
0
P)

5
n

-8

n

-6

-77
38

-53
-4

341
-16

2. See footnote 2, table 10.3.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

122 • August 1994

Table 16.—Foreign Direct Investment in the United States: Country Detail for Selected Items
[Millions of dollars]
Direct investment position on a historical-cost basis
1989

All countries

1990

1992

1991

Capital inflows (outflows (-))

1993

Income

1989

1990

1991

1992

1993

1989

1990

368,924

394,911

418,780

425,636

445,268

69,010

48,422

27,246

11,452

22,630

7,491

Canada .

. ,

30,370

29,544

36,341

37,845

39,408

1,793

1,821

1,320

-724

2,783

-855

Europe
.
Austria
Belgium
.
Denmark
Finland
Francs

. .

239,190
386
3,799
656
1,297
15,365

247,320
625
3,900
819
1,504
18,650

252,692
520
3,204
1,426
1,508
25,359

251,206
518
4,288
1,508
1,416
25,459

270,767
557
4,589
833
1,500
28,470

43,046
290
467
47
998
2,744

21,549
227
115
165
386
5,987

12,566

28,386
1,416
1,436
177
407
56,734

28,232
1,340
1,524
167
2,195
64,671

28,602
2,232
2,749
110
1,054
59,776

29,603
2,750
274
40
730
65,323

34,667
2,593
1,229
-15
990
68,477

3,738
1,008
850
-13
509
7,323

585

1,859
463

2,205
429

-199

-343

-57
-1,219
1,097

-39
162
2,906

576
601
5,435
18,746
103,458
316

773
792
5,484
17,674
98,676
295

620
1,406
5,322
20,155
98,236
413

709
1,546
6,850
20,635
89,073
485

844
623
8,077
21,384
95,415
537

364
90
587
5,184
18,939
-78

268
1

247
1
P)
62
94
(D)

264
1
10
48
73
50
14

240
1
P)
34
80
P)
20
-6
2
24
26

-68
0
P)

Germany1
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Western Europe nee
Andorra
Cyprus
Gibraltar
Greece
Iceland
Malta
Portugal
Serbia2 2
Slovenia
Turkey
Yugoslavia3
Eastern Europe
Bulgaria
Czechoslovakia45
Czech Republic
Hungary
Poland
Romania
Russia6
Union of Soviet Socialist Republics7
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Argentina
Belize
Bolivia
Chile
Colombia
Costa Rica
Ecuador
El Salvador
Guatemala
Guyana
Honduras
Nicaragua
Peru
Suriname
Uruguay

.

. ...

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
Antigua and Barbuda
Aruba
Barbados
Dominica
Dominican Republic
French Islands, Caribbean
Grenada
Haiti
Jamaica
St. Kitts and Nevis
Trinidad and Tobago
Africa
South Africa
Other .
Saharan

Egypt

Morocco
Sub-Saharan
Angola
Botswana
Cameroon
Cote d'lvoire
Ethiopia8
Gabon
Guinea
Kenya
Liberia
Malawi
Nigeria




P)
2
7

-19

254
1
P)
61
52
P)
11
-15

17
33

20
44

40
45

25

48

l

48
0
0

159
0
0

221
0
P)

297
0

7
28
0

P)
29
0

-'i
43
P)

42
P)
167

n

13

D

( )

P)

16,218

20,168

18,907

5,819
428
350
3,392
1,163
486
370
-1
0
40
53
1
5

6,140
377
575
4,188
496
504
420
P)

7,096
539
759
4,818
476
505
385

(

3
Qn
0
10
10,399
-52
1,012
8,733
-215

922
0
0
51
0
0

5
55
-2
6

n
0
8

fl0
9
14,028
1,535
1,550
12,974
-2,979
948
0
0
191
0
0

2

71
3
5
-1
-12
0
7

n5

Q
30

(

1

0
430
-1
-1

'l

0
-20

780

-17

6

P)

a

3

-2
-26

-28
-20

-2
11

-2
1

8

110
0
0

63
0
P)

0

P)

P)

P)

Pi

21,098

20,342

4,069

5,199

7,790
574
1,230
5,040
440
507
412
-1
1
46
72
-6

6,604
714
1,039
4,754

1,095
145
107
148
616
79
79
-1
1
9
-16

992
-46
224
870
-72
16
50

375
121
156
124
7
-34
-41

3

321

51

-8
5

n

-1
-13
-2
6

(

'l

n

723
-20
743
6
14
-8
737
0
-1
0
0
0
-1
1
730
-1
9

-398

494
395
-1
-2
24
59
-10
-1
-2
-20
0
4

n

26
0
23

13,739
1,184
1,442
6,984
3,511
617
0

£
0
6
P)
P)

n2
3
805
-7
812
-8
4
-12
820
2
0
0
0

n

-2

0

-4
(*)

R

2
13

2,974

-ffl
-126

3,201
P)
0
0
-107

0
0

n

n3
n
-1
n

3-1
4,208
1,573
741
4,456
-2,552
-10
0
0
103
0
0

h 4
T-1

P)
0
1

55
-11
66
-12

-8
-16
8
5
9
-4
2

8
78
0
0

0

"i2

8

C
2
76

813
0
P)

-35

n

I

-20

jj
-17

P)

0

-2

fl0

~8

3
-979

360
-89
-3,848
2,288
311
0
P)
-43
0
0

fl0
«0

n

173
-87
260
-6
-4
-2
266
0
0
-1
0
0
19
0
-1
291
1
23

785
573
61
678
199
-727

0
P)
42

n
1

fl
-31
-4
-28
-7
6
-13
-20
0
-1
1
0
0

<2

-2
-22
-1
2

659

-35

4,400

2,071

-136

-152

5,389
-98
358
-46
-49

9,184
-96
444
-3
-93
465

165
-49
-100
-915
-147

-24
-274

-171

-12
-81
2,027

-55
59
179

21
25

-79
-13
-81
-486

-580

-852
-174
-259

-585

260

84

-45
-123

874
-40
36

6,298

-467

-138
-160

-67
7
2,149

-49
-38
1,878

9
92

-6
61
-75
1,808
4,939
-13

-123

214
5,593
-36

99
3,789
-60

680
4,079
-55

-11
0

-37
0

-58
0

-4
0
(D)

0

<i

-3
2
0
-10

80

-44
0
0
-3
-26
7

n

-2

3
-9
3

3
-12
-7
-3
-1
-9
0

P)
-4
3
P)
75

0
-28

n

3,566

-1,208

n1

n
n0

n

<2
-34

-131

-1,392
148
-97
-590
-835

-18
-18
0
-3
-22
-16
-4
-1
-1
-7
2
-1

n

21
0
32

1,261
-1,593
247
-1,379
3,848
139
0

fi
<]
R

-1
1
0

1
0
0

-2
0
0

-11
0
0

-1
1
0

-2
0
0

-3
1
0
-9

-149

26
79
11
6
0
0
4
-2

n
n

ii
0

1

390
32
15
178
121
45

30

1]

0

n
-1
o

1
-372

-312

24
-146
-143
-129

97
-26
-110
-381

81
0
0

47
0
0

l

30

p

0

(n

n

'i

pi

"a

3

(D0)
n

67
13
53
-14
-10
-4
67
2
1
0

-34
-3
-31
-6
-4
-2
-26
0
0
0

-41
-3
-38
-7
-1
-6
-31
0
0
0

n1
1
P)

70
1
P)

(

l0

0
0
-29
0
3

1

1

18

28
63

(D)

-3
-1

1
-284

n

-5
2

0

n

P)

-2,347

57

-364

-12
-10
-6

n

n

305
125

2,936

-121

570
1,119
6,504
41

825
29
468
340
-43
32
62
0

15
-1
-8
-4

8,485
-86
317
-5
-18
209

1993

-13
29
201
946
4,726
-11

-115
-927

1

1,610

s

-189

2,519

75
0

(D)
2
-12

-604

719
-55

-33
0
P)
-15

-44
P)
11
-4

g

-272

7
0
P)
-13
22
P)
3
13
1
-7
-14

2

13,308
2,779
1,473
8,618
-38
476
0
P)
124

A-1

-24
0

P)14

(*)

(

-26
0

-633

6,832

122
128
1,555
823
-3,462
70

P)

11,810
1,987
1,396
7,812

756
-17
772
13
8
5
759
0
0
-1
0
0
-1

4,519
-18

397
-15
1,542
3,503
86

-8
1
0

16
2

505
10
496
8
1
7
488
0
0

-132

73
3,522

430

P)
-4
45
P)
243

s fi « <i
1 1 s; n

505
26
480
3
-8
11
476
0
0
-1
2
0

288
188
443

-677

-111

fl

0
-11

-578

429
-8
1,851
7,163

596
278
5,016

<3

0
16

1,193
0
P)
82
0
0

3

-138

-120
-528

19,590
22
-95

6,023
-14
1,032
129

1992

1991

i
n

215

-248

416
50
38
292
10
25
30
0

325
42
43
192
49
-1
14
0

-7

-15

n3

n

s

0
H

n
0

1

-664

0
0
0
-28
0
-3

n
n

-2

0

-1

n3
0

n
-110

66
-177
-203
-359

p

i

0

(0
(l
1
n
-116

-3
-113

-6
-1
-5
-107

0
0
0
0
0
0
0
0
-108

0
2

0
-3
3
0
-9
-286

154
50
19
16
53
16

i
Sn
0
0
-1
(

1
0

n
-440

48
293
-184
-271

8
0

n0

n2

36

3

$

i(n
i
<in

-84
-3
-81
-5

n

-5
-76

0
0
0
0
0

4pi

37
-263

28
-300

59
0
P)
30
0
0
2

P

J
3
0
2

-61
-2
-59
-5
-1
-4
-54

0
0
0
0
0
0
0
-46
0
P)

SURVEY OF CURRENT BUSINESS

August 1994 • 123

Table 16.—Foreign Direct Investment in the United States: Country Detail for Selected Items—Continued
[Millions of dollars]
Direct investment position on a historical-cost basis
1989

1990

D

D

1992

1991

Sudan
Swaziland
Tanzania
Uganda
U K Islands, Atlantic (Africa)
Zaire
Zimbabwe

()

()

n2

-1
(D)
0

n2

-1
(D)

0
1
0
2

0
1
0
2

n

80

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Bahrain
Iran
Iraq-Saudi Arabia Neutral Zone9
Jordan
Oman
Qatar

7,588
630
4,280
-9
2,455
112
119
67

4,425
640
1,805
-16
1,811
99
86
46
(D)
0
22
7
(D)
92,948
6,542
1,511
83,091
-1,009
56
157
77
1,289
836
398

Asia and Pacific
. .
Australia
Hona Kona
japan
Korea, Republic of
Malaysia
New Zealand
Philiooines
Singapore
Taiwan
Other
Afghanistan
Bangladesh
Bhutan
Brunei
Burma
Cambodia
China
India
Indonesia
Nauru .
Pakistan
Palau
Papua New Guinea
S r i Lanka
. .
Thailand
Tonga .
United Kingdom Islands Indian Ocean
United Kingdom Islands Pacific
Vanuatu
Addenda:
European Union 10
OPEC11

(D31

^

8
(D)

.

75,053
4,962
1,124
67,268
-307

29
166
82
934
476
318

(D0

^

T
-1

.

.

'7
4




D

()

8

R

8n

0

4,725
1,295
1,662
-23
1,606
68
116
43
(D)
0
55
5
(D)

4,786
1,284
1,643
-29
1,688
93
106
38
1

5,027
1,712
1,555
-35
1,591
107
98
19
1

900
15
257
-2
611
2
19
14
(D)

57
4
7

71
-1
7

105,359
6,364
1,859
93,787
661
52
92
63
923
1,109
450

109,978
7,069
1,842
97,537
823
73
69
68
873
1,117
506
(D)

108,918
7,278
2,015
96,213
795
250
104
67
228
1,272
694
(D)

-1
0
0
-3
134
48
101
38
19
0
0
-1
149

(D)

-1
0
0
-4
304
82
83
38
2
0
0
-1
169
0
2
5
(D)

220,628
3,981

237,960
2,959

"
n0
n
-3

100
0
0
5
1

212,361
8,067

220,874
4,216

224,080
3,877

•35

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. For 1989, this line includes only the Federal Republic of Germany. For 1990-93, it also includes the former
German Democratic Republic (GDR), This change has no effect on the data because, prior to 1990, there were
no U.S. affiliates of the former GDR.
2. Prior to 1992, data were included in Yugoslavia.
3. Prior to 1992, included data for Serbia and Slovenia.
4. Prior to 1993, included data for Czech Republic.
5. Prior to 1993, data were included in Czechoslovakia.
6. Prior to 1992, data were included in the Union of Soviet Socialist Republics.
D

D

1991

()

160
29
42
39
21
0
0
-1
140
0
1
5
(D)

n

1990

0
1
0
2
-2
0
0

-2
124
30
25
35
19
-1
0
-1
150
0
0
5
2

87
26
39
31
19
0
0

Capital inflows (outflows (-))
1989

1993

n

(D)
0

n3

-1

(D)

19,147
-81
388
18,653
-821

-86
471
421
158

T0
(D-1

^

98
5
17
1
4
0
2

Income
1993

1992
D

()

n
n

fln fl(n)
D

0

(

l
fl
()
D

0

1989

0

n0
n

fl

1990

0

(

l

n

0

80

-613
5
49
—7
-613
-13
-33
-21
(D)
0
-9
-1
(D)

568
595
214
-6
-217
1
-18
-2
(D)
0
-15
-2
(D)

45
-20
10
-7
40
25
-3
2
(D)

288
431
-39
-6
-97
8
-9
-20

19
37
-42
-4
38
-22
11
3

2

n

16
0

n

20,474
1,279
259
18,754
-698
19
56
-5
370
356
84

13,224
-201
402
11,421
1,718
-9
-29
-28
-370
313
7
(D)
2

4,528
425

32
465
151
-446
-28
165
34
-5
-647
153
190
(D)
0

i
1

37
3
-13
4

n

fln
3
-7
14
3
3
1
0

-132

4,186
74
21
-40
7
-57
3
40
(D)

<in

n

<20

-25
19
41

-1
170
34
-15

<30

-I?0

-1,481

-2,811
-193
-18
-2,339
-208
-4
-18
-9
-4
-6
-12

-254

-328

-15
670
-149

n

-66
-1
25
11

80
0
0
0
-1
-60

n
1

D0

()

(D)

35,699
1,503

20,836
-700

10,936
61

3,651
97

17,928
-975

7,467
50

n

n
0

30

160

-13
0
1
0
(D)

n

0

7
-1
1

n0

28
0
0
0
3

n

8
n

0

n0
(n
-34
-60
32
-6
48
-26
-23
1

0
-1
55
0
0
0
1

0
1
20

n
<2

-18
-2
46
-7
-14
-26
-14
-9
(*)
0
-5
-1
1

8
0
0
0
3
0
0
0
0

0
-1
9

1992

1991

-16
-996
-115

-6
-15
-5
18
-3
-15

1
(
l

0

0
-23
-1
1

1
(
l

1993

r0

i
h 4
0

<2

0

0

0

-77
10
-5
2
_2

49
8
50
-6
•26
-19
-10
-10
1

-4
-1

1
-1

-2,506
-51
-1,724

-2,553
-50
74
-2,319

-267

-243

-107

-54
27
•7

n

-254

-11
-49
-10
-44
-3
-92

(D

J

H
0
0
-1
-4

n

-8
-19
-4
-23
4
36

(D(
^

l

0
-1
-20
_j
1
4
8
0
0
0
1
0
0
0

0
-1
-21
-13
6
3
8
0
0
0
6
0
0
0

-14
0
0
0

n

0
0
-17
0
0
0
D

4,579
123

2,661
74

5,058
-27

7,691
74

n

n

%

0

-2
0
0

n

0
-1
117
-16
-30

fl0

7. Prior to 1992, included data for Russia.
8. Prior to 1993, included data for Eritrea.
9. Beginning with 1992, no longer recognized by the U.S. Government.
10. See footnote 1, table 10.3.
11. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Prior to 1993, Ecuador
was also a member of OPEC; its data are included in this line through 1992.
NOTE—In this table, unlike in the international transactions accounts, income and capital inflows are shown without a current-cost adjustment, and income is shown net of withholding taxes.

SURVEY OF CURRENT BUSINESS

124 • August 1994

Table 17.—Foreign Direct Investment in the United States: Industry Detail for Selected Items
[Millions of dollars]
Direct investment position on a historical-cost basis

1989
All Industries
Petroleum .
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, nee
Other
Oil and gas extraction
Crude petroleum (no refining) and natural gas
Oil and gas field services
Petroleum tanker operations
Pipelines petroleum and natural gas
Petroleum storage for hire
Petroleum wholesale trade
Gasoline service stations .

1990

1991

1992

Capital inflows (outflows (-))

1993

1989

1990

1989

1990

1991

1992

1993

394,911

418,780

425,636

445,268

69,010

48,422

27,246

11,452

22,630

7,491

2,936

-2,347

3,566

6,298

42,882
31,261
29,220
1,782
259
11,621
4,277
3,769
508

37,222
27,566
26,755
524
288
9,656
2,913
2,135
778

34,347
24,476
23,698

-2,699
-1,673
-1,822
106
43
-1,026
-1,538
-1,425

-1,197
-1,473
-1,439

-643

2,862
2,664
2,445
199
20
198
194

3,119
2,951
2,827
86
37
168

1,356
1,145
1,090
29
27
210

1,370
1,191
1,168
-5
28
179

-289
-254

-221
-238

-165
-173

1,640
1,596
1,553
21
23
44
-23

SI

858
-1,042
-2,010
916
52
1,900
-89
-96
7
(°)

663
451
10
392
48
212
107
203
-96

fl157

32,647
24,765
23,860
565
340
7,882
1,889
654
1,235
(D)
667

R

9,871
2,664
1,648
1,016

tfi( )

<fl
480

1,885

152,805

163,354

166,698

38,604

23,585
6,627
16,958
187
1,163
284
9,525
827
4,973

22,543
9,146
13,397
155
1,100
472
7,754
929
2,986

24,053
10,195
13,857
180
1,326
545
8,606
922
2,279

25,587
10,488
15,099
73
1,292
474
8,813
1,976
2,471

25,376
11,143
14,232
51
1,233
498
8,127
2,006
2,318

7,757
333
7,424
-70
345

Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap cleaners, and toilet goods
Other
Agricultural chemicals
Chemical products nee

38,408
23,224
8,957
5,348
878
206
672

45,746
23,154
11,528
6,218
4,846
238
4,608

51,135
26,553
12,111
6,197
6,273
299
5,975

53,681
25,983
13,808
6,776
7,114
520
6,594

Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
Metal cans forgings, and stampings
Cutlery hardware and screw products
Heating equipment, plumbing fixtures & structural
metal
Metal services, ordnance, and fabricated metal, nee ...

15,110
6,550
2,236
4,314
8,560
2,246
605

13,713
7,235
2,164
5,070
6,478
3,189
599

13,277
7,922
1,983
5,939
5,354
2,606
474

1,226
4,484

1,203
1,487

Machinery
Machinery except electrical
Computer and office equipment
Other
Engines and turbines
Farm and garden machinery
Construction, mining, & materials handling
machinery
Metalworking machinery
Special industry machinery
General industrial machinery
Refrigeration and service industry machinery
Industrial and commercial machinery, nee
Electric and electronic equipment
Household audio & video, & communications
equipment
Electronic components and accessories
Other
Household appliances
Electrical machinery nee

27,839
12,762
2,981
9,780
114
334

Other manufacturing
Textile products and apparel
Textile mill products
Apparel and other textile products
Lumber wood furniture and fixtures
Lumber and wood products
Furniture and fixtures
Paper and allied products
Pulp paper and board mills
Other paper and allied products
Printing and publishing
Newsoaoers
Other
'. . "..".."... "..". "."". '.. "..
Miscellaneous publishing
Commercial printing services
Rubber products
Miscellaneous plastics products
Stone clay and glass products
Glass products
Stone clay concrete gypsum etc
Transportation equipment
Motor vehicles and equipment
Other transportation equipment nee
Instruments and related products
Measuring, scientific, and optical instruments
Medical instruments and supplies
Photographic equipment and supplies
Other
Tobacco products
Leather and leather products
Miscellaneous manufacturing industries

418

150,949

Food and kindred products
Beverages
Other
Meat products
Dairy products
Preserved fruits and vegetables
Grain mill products
Bakery products
Other food and kindred products

40
41

-113

R

D




1993

40,345
31,137
29,172
1,754
210
9,209
1,989
1,861
128

5,408
(D)
158,559

Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals except petroleum
Electrical goods
Machinery equipment and supplies
Other durable goods
Lumber and other construction materials
Hardware, plumbing, and heating equipment and
suDCiies

Income

1992

368,924

5,756
426

Manufacturing

1991

3

-44

J
&
-21

$
7,772

6,459

521

390
-1,287
-38
14
84
-1,758
114
299

1,678
202
1,477
19
288
78
806
39
246

1,598
347
1,250
-48
-90
-74
382
1,043
38

57,693
27,022
17,054
6,955
6,661
685
5,976

13,341
4,711
7,577
873
180
-24
204

8,459
1,659
5,288
795
717
51
666

3,075
2,486
81
121
387
60
326

3,230
336
1,700
761
432
47
385

12,911
6,156
1,575
4,581
6,756
2,742
751

12,969
6,118
1,702
4,416
6,852
2,959
780

3,223
522
513
9
2,701
777
-24

3,037
1,419
772
647
1,618
1,154
54

355
666
-95
761

606
1,668

1,203
2,060

1,175
1,937

535
1,412

27,626
11,527
2,608
8,919
147
1,188

29,039
11,011
2,710
8,301

29,156
11,058
2,046
9,012
85
1,901

29,748
10,457
940
9,517
183
2,086

7,820
3,374
1,712
1,662
96
154

3,942
521
1,945
1,343
891
689
15,077

2,092
757
1,597
1,510
869
759
16,099

1,673
744
1,128
1,812
929
606
18,028

1,841
703
1,213
1,681
992
596
18,098

2,020
730
1,145
1,750
1,149
453
19,290

462
149
66
269
48
419
4,446

5,471
3,236
6,370
2,081
4,289

5,169
4,173
6,757
2,113
4,644

5,571
4,016
8,441
2,168
6,273

6,390
4,784
6,924
1,924
5,000

7,254
4,822
7,214
1,670
5,544

1,404
1,370
1,671

R

196
-1,192

46,008
2,873
2,257
616
605
447
158
1,678
755
924
11,158
2,399
8,759
7,012
1,747
2,871
1,452
9,427
1,595
7,832
4,789
3,736
1,052
5,306
3,233
1,856
218
5,849

43,176
1,785
1,227
558
770
439
331
2,763
1,116
1,646
11,899
3,197
.8,701
7,221
1,480
3,946
1,634
9,458
1,786
7,672
3,647
3,100
548
8,094
5,736
2,348
11

41,056
1,906
1,274
632
477
122
355
2,465
1,026
1,439
10,158

42,019
1,917
1,420
496
545
136
409
2,741
982
1,759
10,572

5,877
45
-5
50
201
100
101
881
342
539
716
558
158
265

3,914
1,457
9,209
1,845
7,364
5,348
2,952
2,395
7,024
3,819
3,198
8

40,913
1,938
1,382
556
638
203
435
3,290
942
2,348
8,964
98
8,867
7,473
1,394
3,768
1,402
9,258
1,767
7,491
4,336
2,734
1,602
7,657
4,140
3,446
71

-818

-371

-708

-338

R

(°)

R

R

17,053
-897

-124

-38

7,338

5,496

2,721

1,766

130
911

1,359
427
931
34
-15
15
560
91
246

1,129
624
505
-34
-32
46
469
43
12

1,477
704
773
-10
78
30
522
86
67

833
324
509
-21
17
15
497
47
-45

1,038
585
453
-18
71
24
451
-64
-11

2,872
1,513
1,062
242
54
30
24

4,298
1,210
2,286
309
494
38
455

3,909
567
2,406
514
422
30
392

3,854
708
2,474
353
319
29
290

4,799
1,073
2,654
661
411
111
301

728
485
179
307
243
70
18

555
355
131
225
199
132
-5

-561
-368
-275

-501
-396
-235
-161
-106

-737
-449
-187
-262
-288

20
135

-73
145

-95
-79

-2,228
-1,274
-1,104

-1,655

S

-781

-35
-71
43
-565

-26
-126

3,961
930
2,740
745
-455

169
-623

-75
-87
-38
-49
11
328
29

111
157

-141
-205

577
307
-1,097
1,404
24
860

2,041
208
262
-54

-72
628
176
452

1,334

-289

-377
-694

-100

R

R

245
103
162
271
356
910
-996

-201

2
215
-18
58
-139

1,834

73
32
1,729
-4
1,733
623
-24
44
-69
25
-11
36
1,150
-68
1,238

1,023

n
1,247

1,416

1,763

45,456
15,441
3,681
3,444
5,986
4,158
4,166
262

50,910
16,225
3,040
3,858
9,737
3,358
5,949
887

58,171
16,916
4,760
4,628
11,608
3,446
6,545
718

59,024
17,308
4,918
3,512
12,645
2,925
7,413
469

59,290
17,451
4,068
3,447
13,083
3,134
8,222
727

4,308
311
50
1,004
966
374
712
-58

7,368
1,483
509
620
3,239
1,009
213

6,564
890
1,482
620
2,301
-65
491
-62

812

885

879

984

1.178

140

1

21

-107

493
401
2,614
234
2,380
302
500
-198

2,366
2,179
277
-90
-2,143
(D)
(D)
150

-437

-700

(D)
(D)
-734

fi140
-291

-62
-229

111
163
-53
-617
-992

385
-10
533
22
—3
513

82
-42
154
-119

65
51
-701

244
33
-978
-137
-841

1,948
-4
99
-103

31
5
26
182
-43
226
553
-3
556
335
221
24
167
-48
260

-16
-4

-875
-558
-317

8

183
-35

-63
-9
120
70
34
11

-71
-27
-84
51
-57

-130

J8

-780

-136

81
114
-128

1,710
863
27
820
-252

1,072
1,988
199
127
72
118
92
27
642
-13
655
-239

R

-154

D

1,083
112

-289
-151

-981

882
-61

47
414
449
903
271

89

193

-531

-93
-193

(°)
61

1,947
548
499

D

196

733
456
209
243
4
42
35
-3
10

545
-188

95

fi( )

317
98
141

( )
-29
-22
199
-55
253
219
201
17
620
332
224
64
282
14
10
259

-309

83
-6
45
(D)
161
(D)
3,728

-14

(

77
198

155
-7

-105

(D)

-35

3

145
264

-138

17

8
5
42
(D)
305
(D)
4,398

-70

-95

(D)
(D)
1,677

(°)
3,893
1,850
9,279
1,685
7,594
4,653
3,217
1,436
6,745
3,740
3,004
1

R
"&

-16
133
-643
-819
-917
98
-12
123

481
201
11

-311
-491

6,463
749
719
30
42
123
-81
471
375
96
2,458
48
2,410
3,531
-1,122
751
219
737
278
459
1,573
1,296
277
556
244
220
92
-1,094
(D)
(D)
422

.

-243
-724
-304
-419

-18

-384

-36
-121
-226

12
-239

826
-64
-39
-25
37
31
6
212
62
150
-177

271
-447
-487

40
-119

69
181
-5
186
-267
-282

15
97
81

R
R

857

10

448
157
-116

166
-159

1
252
38
65

-170

-161
-301
-493

6
-14
-80
-46

19
-17
-54
59

-453

-390
-448
-133
-316

-1,033

-1,404

-193

-165

-40

-92
-102

54
31
23
76
18
58
135
404
-269
-288

19
-432

-24
-300

-82
-218
-355
-327

-28
193
319
-80
-45
-186

5

10
-175

9
2
7
-10
-5
-6
103

21
25
-40

-756
-291
-565
-138
-426
-497
-384
-113

-19

-709
-156

-2,217
-1,318
-1,017

248
-404

9
-12
-193

-78
-139

37
-10
-18
-553

59
-219
-393

17
-411

921
51
90
-39
32
17
15
61
-2
63
-64

~V)
49
8

-301

-9
88
-93
-56
-100

-51
-8
-73
-898
-213
-293
-392

7
-399

845
155
173
-18
83
53
30
155
-31
186
189
-5
194
167
27
-258

34

-542
-111
-431

-147
-118

281

-144

-221

451
318
159
-26
316

502
426
297
128
1
621

R

R

49
115
-44

141
129

-98

-315

-113

R

104
(D)

-23
70

61

-29
-72
-72
563
386
169
8
215

3

94
12

142
-24

233
12

757
42E
7
14
-21 S
-34
35S
27

76

61

59

6C

8
253
-143

44
-227
-157

-109
-196
-210

-178

-61
3
-250

SURVEY OF CURRENT BUSINESS

August 1994 • 125

Table 17.—Foreign Direct Investment in the United States: Industry Detail for Selected Items—Continued
[Millions of dollars]
Direct investment position on a historical-cost basis

1989
Durable poods nsc
Groceries and related products
Farm product raw materials
Other nondurable goods
Paper and paper products
Drugs, proprietaries, and sundries
Apparel, piece goods, and notions
Nondurable goods, nee ..
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Eating and drinking places
Retail trade, nee

1990

1991

1992

1993

3,092
2,026
555
6,000
1,791
381
563
3,266

4,177
1,672
916
6,157
1,662
722
577
3,195

4,947
1,956
1,076
7,237
1,405
782
726
4,325

5,960
1,871
1,602
6,830
1,554
848
370
4,058

6,316
1,998
1,476
6,412
1,517
922
381
3,592

8,549
833
2,448
1,465
3,804
313
3,491

9,242
3,679
1,258
4,908
1,683
3,225

9,045
-1,216
4,917
340
5,004
1,698
3,306

9,981
847
4,032
-19
5,122
1,205
3,917

10,430
731
4,573

-603

-246

5,372
1,259
4,113

Capital inflows (outflows (-))
1989

1991

1990

630
805
465
330
38
-78
175

795
124
318
503
21
209
-37
310

-1,328
-1,463
-2
83
55
109
-54

1,010
-36
375
-7
382

-379

401
-948

1992

532
526
235
83
-259

11
85
247

-1,182
-348

348
-818
-363
-243
-120

Income

1989

1993

854
132
428
429
-43
132
-64
405
-434
-719

214
142
-70
-320

250

440
102
-118

155
-41
132
12
52
656
-35
601
-233

324
50
274

1990

149
1
-14
159
45
97
-93
110

5
64
-9
88
71
74
-67
10

-1,803

-483
-530

$
B14

1992

1991

228
-101

82

-80
-6
-74

1993

105
161
74
116
-10
41
-39
124

162
110
2
154
-17
100
-86
158

-1,467

-45
-61
73
155

-627

206
-853
-193

19
-213

-211
-130

-81

268
-21
-2
228
17
238
-91
63
-170

-71
68
-272

104
56
48

Banking

13,431

18,442

24,347

26,311

31,026

2,221

925

3,575

1,762

3,795

459

-1,447

-199

-458

776

Finance, except banking
Savings institutions and credit unions
Holding companies
Franchising, business — selling or IK ensmg
Other finance, including security and commodity brokers

18,657
1,415
6,189
11
11,042

8,361
1,455
2,319
12
4,575

17,380
2,102
3,633
15
11,630

17,683
389
3,395
12
13,887

26,542
504
4,263
314
21,461

11,210
414
1,895
8
8,893

-3,374
167
-58
2
-3,485

6,428
634
1,407
3
4,383

1,760
74

8,302
115
277
302
7,608

31
-19
150
2

-7§6

-988

-350

414
54
18
1
341

Insurance
Life insurance
Accident and health insurance
Other insurance

22,509
8,483
893
13,133

27,121
9,868
989
16,264

33,241
8,991
1,269
22,981

34,265
9,352
1,487
23,426

39,154
11,965
1,762
25,427

2,239
604
62
1,573

4,358
1,902
95
2,361

4,609
1,319
328
2,962

189

-119

2
1,803
-479

97
571

3,024
2,262
94
668

18
85
2

-102

734
226
89
418

82
-82
3

19
-64
2

-862

-992

-307

1,388
516
97
774

1,036
199
119
718

1,070
624
141
305

1,695
917
123
654

Real estate

30,386

34,939

28,682

29,915

28,609

3,800

6,608

-1,405

165

-797

-270

-1,282

-1,901

-1,428

-1,625

Services
Hotels and other lodging places
Business services
Computer and data processing services
Computer processing and data preparation services
Information retrieval services
Computer related services, nee
Other business services .
Advertising
Services to buildings ..
Equipment rental and leasing, except autos &
computers
Personnel supply services
Business services, nee
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Accounting, auditing, and bookkeeping services
Research development and testing services
Management and public relations services
Health services
Other
Automotive rental and leasing without drivers
Automotive parking repair and other services ...
Miscellaneous repair services
Amusement and recreation services
Legal services
Educational services
Other services provided on a commercial basis

20,614
5,765
6,629
2,084
32
183
1,869
4,546
1,027
187

30,592
10,537
5,804
1,358
17
199
1,142
4,446
1,534
143

34,116
12,088
6,508
1,479
20
196
1,263
5,029
1,189
154

34,635
11,439
6,372
1,853
6
668
1,180
4,519
905
P)

33,776
10,133
6,604
2,029
6
729
1,294
4,575
827
P)

6,399
1,863
2,973
1,228
-75
64
1,238
1,745
P)
-27

10,545
5,116
708
237
14
18
205
471
776
37

3,476
1,026
457
250
-1
19
231
207

800

-1,000
-1,412
269
288

-677
-153
-324

-400
-217

-1,322

-970
-494

-594
-380

(DD)
()
2,247
2,028
3,276
420
0
53
367
282
2,214

554
346
1,869
9,404
1,130
493
0
9
485
534

964
P)
1,692
10,861
1,232
1,112
32
366
715
630
2,989
7
105
166
2,011
2
69
629

1,280
P)
1,358
10,119
929
1,029
P)
347
P)
733
4,229
6
P)
163
2,668
2
P)
970

P)
P)
329

a

1
25
1,364

972
1,009
1,705
10,298
1,061
763
45
147
570
607
2,792
-5
81
91
2,065
1
25
535

Other industries
Agriculture, forestry, and fishing
Agriculture
Agricultural production—crops
Agricultural production—livestock & animal specialty
Agricultural services ....
Forestry and fishing
Forestry
Fishing, hunting, and trapping
Minina

13,027
1,350
1,271
737
471
64
79
64
15
4,741
933
933

19,616
1,457
1,175
668
444
62
282
278
4
8,486
829
830
-1
7,656
6,447
P)
5,904
326
P)
1,210
1,210
0
4,110
2,285
954
83

18,016
1,216
1,108
538
510
61
108
81
28
7,509
1,251
1,253
-2
6,258
5,335
191
4,804
344
-4
923
923
0
3,743
2,304
941
92

16,121
1,045
961
422
483
56
84
P)
P)
8,055
1,513
1,518
-5
6,542
5,541
221
4,940
385
-5
1,002
1,002
0
1,307
1,887
694
212

17,096
783
732
352
338
42
51
25
26
9,336
1,498
1,504
-6
7,838
6,252
220
5,602
436
-5
1,586
1,586
0
1,021
2,405
670
129

-355

-529

-859

-479

0
243
1,360
3,278
1,062

0
130
1,670
3,244
742
225
516
2,502

0
295
1,545
3,828
1,291
413
878
2,537

0
463
1,622
3,551
1,279
342
937
2,273

SCoal'::::::::::::::::'
''
mining

Coal mining services ...
Other
Metal mining
Iron ores
Copper, lead, zinc, gold, and silver ores
Other metallic ores .
Metal mining services
Nonmetallic minerals, except fuels
Nonmetallic minerals mining, except fuels
Nonmetallic minerals services, except fuels
Construction
Transportation
Railroads
Water transportation
Transportation by air
Pipelines, except petroleum and natural gas
Passenger transportation arrangement ....
Transportation and related services, nee
Communication and public utilities
Communication
Telephone and telegraph communications
Other communications services
Electric, gas, and sanitary services

(D)

(D)
33
1,186
1
22
919

3,808
1,746
(D)
1,378
216
P)
2,062
2,062
0
2,407
2,221
688
50
82
0
169
1,233
2,307
-86

8

2,393

*.T
1,225

8

2,216

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
NOTE.—In this table, unlike in the international transactions accounts, income and capital inflows are shown with-'




-234

289

(

'l

-38
38
170

1

1?
3
738

ti

-98
3,833
415
57
0
-53
110
-41
457

8
-91
145

«3

579

385

699
74
73
59
10
3
1
_^
2
639
-8
-7

3,875
-45
-42
-32
-8
-2
-3
12
-14
2,836
-17
-16
-1
2,854
2,560
P)
2,426
70
P)
293
293
0
508
583
268
56
38
0
78
142
-8
9

646
183
P)
66
80

J8
463
0
205
191
37
17
63
0
70
4
-409

-1,319
P)
$

a

-17

-177

12
422
-24
-26
1,108
-42
135
-15
53
97
66
727

a

-24
834

n

-89
109
-80
-109
-110

3
-1
29
18
11
198
465
466
-1
-267

85
3
119
P)

-352
-352

0
207
-118
-157

-9
-245

0
-4
297
-97
-308

-370

-89
-42
1
4
-47
-47
-22
P)
111

n
81

207
-18
-79
P)
243

B -1,027
-fl
1,011
-1
372
-14
190
196
23
-146

-1
-34
-112
-173

0
44
129

n

-71
-54
-13
-28
-13
-17

$

804
710
712
-1
94
10
21
-6
-3
-1
84
84
0
-308
-653
-371

32
-159

0
-13
-141

228
232
164
68
-4

-193

18
P)
10
P)
112
1,232
-1
P)
672

fl

315
872
-241
-208
-48
-146
-14
-33
P)
P)
1,081
13
-12
-1
1,094
503
7
446
51
-1
591
591
0
-262
309
-23
-84
424
0
-84
76
-15
-12
-71
59
-3

-619

-59

184
-26
-2
7
-31
210
34
10

15
63
-1
31
33
-48
-71
P)

-43
181
-4
7

87
168
-44
8

28
28
70

12
79
76

-16
-9
P)

84
-15
109

121
-16
100

-32
19
36
-87
-292
-360

-201

-351

-22
5
0
-39
44
9
-7

-19
-25
0
-47
22
20
24
1
-7
-2
-34

-70

69

116

n
-2

212
-173

168
-97
-73
1
-5
-2
-3
262
27
27
-1
235
137
3
137
-2
_•(
98
98
0
-25
-1
-12
-18
-9
0
-3
41
149
-61
15
-76
210

out a current-cost adjustment and income is shown net of withholding taxes.

n
n
-52
n

68
-162
-152

-72
-78
-2
-10

a

324

n

_<

324
303
-7
317
-6
-1
21
21
0
-114

-66
20
-43
-27
0
-2
-13
87
-156

9
-165

243

-482
-124

-41
-1
-36
-4
28
-100

n

-4

-Sn

fl

-676
-168
-169

-79
-88
-3

n

-5
5
231
10
11
-1
221
205
-8
234
-20
-1
16
16
0
-161
-358

-57
-13
-196

0
-13
-78
-220
-402

7
-408

182

187
6

fi

-618

-58
-1
-10
-10
20
41
-28
—1
10
-6
-92

n

60
-162
-186
-171

-48
-108

-15
-15
-8
-7
566
209
210
—1
357
316
-24
349
-8
_•<
41
41
0
-388
-175

-69
1
-205

0
-2
99
22
-151

14
-165

174

275
107

s

-316
-199

-40
2
-18
-23
35
31
P)
P)

n

-74

fl92
-322
-185
-155

-44
-97
-14
-29
-10
-20
354
1
2
-1
353
321
-9
342
-11
-1
32
32
0
-460

9
-2
-8
-42
0
-13
75
-41
-41
P)

8

SURVEY OF CURRENT BUSINESS

126 • August 1994

Table 18.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis and Direct Investment Income,
by Country of Each Member of the Foreign Parent Group and by Country of Ultimate Beneficial Owner'
[Millions of dollars]
1991
By country of each
member of the foreign
parent group
Position

Income

1992

By country of ultimate
beneficial owner

By country of each
member of the foreign
parent group

Position

Position

418,780

-2,347

418,780

36,341

-1,208

42,403

252,692
520
3,204
1,426
1,508
25,359

2,071
-152
-79
-13
-81
-486

241,107
261
3,266
1,201
2,003
28,311

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

28,602
2,232
2,749
110
1,054
59,776

-852
-174
-259
-45
-123
874

34,090
1,830
3,904
102
542
43,295

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

620
1,406
5,322
20,155
98,236
413

-40
36
-364
99
3,789
-60

851
1,186
6,667
20,447
92,789
362

18,907

-248

All countries
Canada

. . . .

Europe
Austria
Belgium
Denmark
Finland
France

Latin America and Other Western Hemisphere .

Income
-2,347

Income

1993

By country of ultimate
beneficial owner

By country of each
member of the foreign
parent group

By country of ultimate
beneficial owner

Position

Position

Position

Income

425,636

3,566

425,636

3,566

445,268

6,298

445,268

37,845

659

44,813

1,454

39,408

-35

49,563

648

1,310

251,206
518
4,288
1,508
1,416
25,459

5,389
-98
358
-46
-49

240,936
392
3,667
1,310
2,066
30,124

5,126

270,767
557
4,589
833
1,500
28,470

9,184
-96
444
-3
-93
465

257,520
832
4,296
81
1,660
35,497

8,567
-59
391
8
-68

34,667
2,593
1,229
-15
990
68,477

260

-49
-38
1,878

39,932
1,485
4,608
-25
585
44,786

-42
-58
2,035

-6
61
-75
1,808
4,939
-13

868
563
8,512
22,451
90,978
409

-15
-12
158
1,709
4,743
-31

-286

10,738

-248

6,481
2,022
1,738
817
1,316
587

-301

-174
-103

7
-41
-834
-351
-177
-763

-80
-76
452
-16
-24

29,603
2,750
274
40
730
65,323

227
3,708
-85

709
1,546
6,850
20,635
89,073
485

-359

-580
-585

84
-467

-67
7
2,149

34,517
1,627
2,611
-23
556
44,185

-131

354
-38
1
-730
-161

2
-619

-76
-19
1,978

680
4,079
-55

757
1,138
7,880
21,510
88,282
337

494
4,245
-63

844
623
8,077
21,384
95,415
537

9
92
-123

8
31
-148

10,685

233

21,098

215

10,963

149

20,342

7,096
539
759
4,818
476
505

416
50
38
292
10
25

6,838
1,697
1,181
1,231
2,093
636

272
100
-33
5
199
1

7,790
574
1,230
5,040
440
507

325
42
43
192
49
-1

7,276
1,766
1,694
1,123
2,088
605

140
110
-16

6,604
714
1,039
4,754

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other

11,810
1,987
1,396
7,812
-578
1,193

-664
66
-177
-203
-359
8

3,848
262
2,292
878
400
15

-39
51
20
-4

13,308
2,779
1,473
8,618
-38
476

756
-17
772

116
-3
-113

2,031
1,730
301

-52
-9
-42

723
-20
743

4,725
1,295
1,662
-23
1,606
68
116

-34
-60
32
-6
48
-26
-23

9,261
1,337
3,306
271
3,348
745
254

-20
-58
30
-44
141
-70
-20

4,786
1,284
1,643
-29
1,688
93
106

105,359
6,364
1,859
93,787
661
52
92
63
923
1,109
450

-2,811
-193
-18
-2,339
-208
-4
-18
-9
-4
-6
-12

110,214
6,959
2,094
96,759
488
84
528
108
467
1,734
994

-3,297

109,978
7,069
1,842
97,537
823
73
69
68
873
1,117
506

3,078

279

210,431
9,648

1,753
291

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
jaoan
Korea Republic of
Malaysia
New Zealand
Philippines .
Singapore
Taiwan
Other
United States
Addenda:
European Union2
OPEC3

224,080
3,877

2,661
74

-104

-2

-141
-330

-2,428

1. The ultimate beneficial owner is that person, proceeding up a U.S. affiliate's ownership chain, beginning with
and including the foreign parent, that is not owned more than 50 percent by another person. The country of ultimate
beneficial owner is often the same as that of the foreign parent, but it may be a different foreign country or the
United States.




Income

-800

South and Central America
Brazil ....
Mexico ..
Panama
Venezuela
Other ....

Africa
South Africa
Other

Income

-206

-9
-32
-7
-29
-84
-32

220,628
3,981

-116

192
-31

-398

3

3,687
279
1,972
1,108
320
7

9
-46
72
31
-45
-2

13,739
1,184
1,442
6,984
3,511
617

-84
-3
-81

1,552
1,333
219

51
113
-62

-110

48
293
-184
-271

-107

-54
27
-7
-77
10
-5

-2,506
-254

-51
-1,724
-267

-11
-49
-10
-44
-3
-92

5,058
-27

9,449
1,326
3,372
265
3,471
752
263

-191

-23
-28
-37
75
-27
-2

114,291
6,229
2,534
100,717
675
125
475
114
639
1,805
978

-3,270

3,631

247

208,074
10,064

4,980
2

-405
-339

-1,885
-281

-3
-75
-13
-23
-78
-170

494

-138
-160

154
50
19
16
53
16

6,298

-160

751
-173
-294

138
-3
-405

-28
-4

59

4,257
253
1,883
1,262
797
62

53
-56
88
62
-41
1

805
-7
812

-61
-2
-59

1,233
1,059
175

22
27
-6

5,027
1,712
1,555
-35
1,591
107
98

49
8
50
-6
26
-19
-10

9,778
1,781
3,248
265
3,459
772
254

72
30
124
-33
20
-50
-19

108,918
7,278
2,015
96,213
795
250
104
67
228
1,272
694

-2,553
-50
74
-2,319

112,582
5,710
1,672
99,740
597
357
473
119
831
1,967
1,116

-2,991
-38

237,960
2,959

-440

37
-263

28
-300

-243

-8
-19
-4
-23
4
36

7,691
74

-235

-2,334
-252

4
-36
-4
-38
-50
-10

3,853

229

222,841
9,104

7,194
30

2. See footnote Liable 10.3.
3. See footnote 11, table 16.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

August 1994

SURVEY OF CURRENT BUSINESS

127

U.S. Direct Investment Abroad:
Detail for Historical-Cost Position and Related Capital and Income Flows, 1993
THE FOLLOWING SET of tables presents detailed estimates of the
U.S. direct investment position abroad on a historical-cost, or
book-value, basis and of the related capital and income flows.
These tables supplement an article in the June 1994 SURVEY OF
CURRENT BUSINESS that summarized developments in 1993 in
the U.S. direct investment positions at historical cost.1 Tables 17
and 18 show estimates of the position, capital flows, and income
at the most detailed levels possible—that is, for every country
and for every industry in which investment was made. Estimates
for 1993 are preliminary; those for 1990-92 are revised.
The estimates in tables 3-18 differ in two respects from those
for comparable items included in the international investment
position of the United States and in the U.S. international transactions accounts.2 First, the estimates in tables 3-18 are on a
historical-cost basis, which is the only basis on which detailed
1. See "Direct Investment Positions on a Historical-Cost Basis, 1993: Country and
Industry Detail," SURVEY OF CURRENT BUSINESS 74 (June 1994): 72-78.
2. See "The International Investment Position of the United States in 1993," and "U.S.
International Transactions, First Quarter 1994," SURVEY 74 (June 1994): 63-71 and 86-127.

estimates by country and industry are available; in contrast,
the direct investment position estimates in the international investment position of the United States are presented on both
a current-cost and a market-value basis, and direct investment
income and capital flow estimates in the U.S. international transactions accounts are presented on a current-cost basis. Second,
the estimates of direct investment current-account items (income
and services) in tables 3-118, unlike those in the U.S. international
transactions accounts, are net (after deduction) of U.S. and foreign withholding taxes; estimates gross of withholding taxes are
not available by country or by industry.
Table i shows the total U.S. direct investment position abroad
and a comparable rate of return on all three valuation bases (historical cost, current cost, and market value); table 2 reconciles
the estimates presented in tables 3-18 with those included in the
U.S. international transactions accounts.
Tables i through 18 follow. H

Errata
The survey from which the estimates were derived was conducted
by Mark W. New under the supervision of Patricia C. Walker.
Spicer V. Conant, Laura A. Downey, Marie K. Laddomada, Sherry
Lee, Leila C. Morrison, Gary M. Solamon, and Dwayne Torney
assisted with the processing of the survey and with the preparation
of the estimates. Smith W. Allnutt m programmed the tables.




Tables 11.3, 11.4, and 17 in this report show corrected estimates
of the direct investment position on a historical-cost basis in
Eastern Europe for 1992 and 1993; the estimates published in table 3 of "Direct Investment Positions on a Historical-Cost Basis,
1993: Country and Industry Detail," in the June 1994 SURVEY OF
CURRENT BUSINESS were incorrect.

128 • August 1994

SURVEY OF CURRENT BUSINESS
Table 1.—Alternative Position and Rate-of-Return Estimates for U.S. Direct Investment Abroad, 1991-93
Millions of dollars
Changes in 1992 (decrease (-))

Valuation method

Position at
yearend 1991

Total

467,844
650,591
813,757

Historical cost
Current cost
Market value

Changes in 1993 (decrease (-))

Attributable to:
Capital
outflows

31,147
17,590
-27,854

Position at
yearend 1992

Valuation
adjustments

41,587
41,004
41,004

-10,440
-23,414
-68,858

498,991
668,181
785,903

Valuation
adjustments

Capital
outflows

49,653
47,982
207,248

58,094
57,870
57,870

-8,441
-9,888
149,378

Millions of dollars
Valuation method

Direct investment income
1992

1991
Historical cost
Current cost23
Market value

1

50,472
49,889
51,958

53,525
52,124
56,268

. . . .

1990

57,738
57,515
58,353

430,521
620,533
719,368

548,644
716,163
993,151

Percent

Direct investment position at yearend
1993

Position at
yearend 1993

Attributable to:
Total

1991

Rate of return

1992

467,844
650,591
813,757

1993

498,991
668,181
785,903

1991

1992
11.9
8.2
73

548,644
716,163
993,151

1993
10.4
7.6
6.5

11.0
8.3
6.6

1. On a historical-cost basis, direct investment income excludes capital gains and losses and is computed without
a current-cost adjustment to earnings; it equals the sum of lines 9 and 14 of table 2. The rate of return based
on historical cost equals this measure of income divided by the average of the beginning- and end-of-year historicalcost direct investment positions. In accordance with international guidelines, this measure of income, like the other
measures shown in this table, is recorded gross (before deduction) of U.S. and foreign withholding taxes on distributed earnings and interest. However, it differs from the measure disaggregated by country and industry, in subsequent
tables, which is recorded net (after deduction) of withholding taxes, because withholding tax data are not available
by country or industry.
2. On a current-cost basis, direct investment income excludes capital gains and losses and includes a currentcost adjustment to earnings; the latter revalues depreciation, depletion, and expensed exploration and development

costs to reflect current-period prices, as required for the national and international economic accounts. Income on
a current-cost basis equals line 1 of table 2. The rate of return based on current cost equals this measure of
income divided by the average of the beginning- and end-of-year current-cost direct investment positions.
3. On a market-value basis, direct investment income measures financial return to investors; thus, it includes
capital gains and losses but excludes the current-cost adjustment, which is an economic accounting adjustment,
and currency translation adjustments, which in company financial statements are taken directly to an equity account,
without passing through the income statement. It is derived as line 1 minus line 8 of table 2, plus the total in
column 12 of table 5. The rate of return based on market value equals this measure of income divided by the
average of the beginning- and end-of-year direct investment positions at market value.

Table 2.—U.S. Direct Investment Abroad: Reconciliation With
International Transactions Accounts

Table 3.—U.S. Direct Investment Position Abroad on a HistoricalCost Basis

[Millions of dollars]

1 Income with current-cost adjustment, before deduction of
withholding taxes (IT table 1 line 12)
2
Earnings
3
Distributed earnings
4
Reinvested earnings
5
Interest, net
6
U S parents' receipts .
7
U.S parents' payments
8 Less: Current-cost adjustment to earnings
9 Less: Withholding taxes net
On distributed earnings
. . . .
10
11
On interest, net
12
On U S parents' receipts
On U.S. parents' payments
13
14 Equals: income without current-cost adjustment, after deduction of
withholding taxes (shown in the accompanying tables)
15 Capital outflows with current-cost adjustment (IT table 1, line 44,
with sign reversed)
Equity capital
•.
16
17
Increases in equity capital
Decreases in equity capital
18
Reinvested earnings (line 4)
19
Intercompany debt
20
21
U S parents' receivables
22
U S oarents' oavables
23 Loss: Current-cost adjustment (line 8)
24 Icrua/s: Capital outflows without current-cost adjustment (shown in
the accompanying tables
25
Equity capital (line 16)
Reinvested earnings without current-cost adjustment (line 19 less line
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Direct investment position
1992

1991

Line

Intercompany debt (line 20)
Royalties and license fees, before deduction of withholding taxes,
net
U S parents' receipts (IT table 1 part of line 8)
U.S. parents' payments (IT table 1, part of line 22, with sign
reversed)
Less: Withholding toes, net
On u S parents' receipts
On U S parents' payments
Equals: Royalties and license fees, after deduction of withholding
taxes, net (shown In the accompanying tables)
U S parents' receipts
U S parents' payments
Charges for other services net l
U.I. parents' receipts (IT table 1, part of line 9; also shown in the
accompanying tables)
..
U.S. parents'
payments (IT table 1, part of line 23, with sign
reversed1 also shown in the accompanying tables)

1993

52124
50871
33945
16926
1,254
4740
3486
-1,401
1438
1 229
209
237
28

49889
48732
34256
14476
1,157
3903
2746
-583
1,348
1 175
173
195
22

57515
56117
26552
29565
1398
3746
2349
-224
1 115
947
169
187
19

52087

49123

56623

31,295
17682
29,431
11 749
16926
-3,313
-1767
-1 546
-1,401

41,004
14438
26,635
12197
14476
12,090
11030
1 060
-583

57,870
17,423
24,322
6,898
29565
10,882
14,694
-3811
-224

32,606
17,682

41,587
14,438

58,094
17,423

18,327
-3313

15,059
12090

29,789
10882

13,653
13819

15037
15226

14,926
15158

166
682
691
8

190
752
761
9

232
746
758
11

12,970
13128
158
4,434

14,285
14465
181
4,880

14,180
14400
221
4908

8694

10,222

10497

5,260

5,342

5,589

1. Withholding taxes on "other" services transactions between U.S. parents and their foreign affiliates are assumed to be negligible, and no estimates of them are made. Therefore, there is no difference between the "beforetax" estimates shown in the international transactions accounts and the "after-tax" estimates shown in the accompanying tables.
NOTE.—This table reconciles the estimates for which country and industry detail are presented in this report with
the aggregate estimates presented in the U.S. international transactions accounts in the June 1994 SURVEY OF
CURRENT BUSINESS (see ''U.S. International Transactions, First Quarter, 1994," SURVEY 74 (June 1994): 86-127).
In the international transactions accounts, the earnings component of direct investment income and the reinvested
earnings component of capital outflows are adjusted to a current-cost basis, and direct investment current-account
items are adjusted to be gross (before deduction) of U.S. and foreign withholding taxes. These adjustments are
not made to the estimates in tables 3-18 in this report, because the source data needed to make the adjustments
by country and industry are not available.
IT International transactions




Change

Millions of dollars

Percent

Millions of dollars

1991

1992

1993

1992

1993

467,844
57,742
179,230
230,872

498,091
57,487
186,675
254,828

548,644
62,409
199,457
286,778

31,147
-255
7,445
23,956

49,653
4,921
12,782
31,950

Canada
Petroleum
Manufacturing .
Other

70,711
10,050
32,042
28,620

68,832
8,170
33,068
27,594

70,395
8,840
34,062
27,492

-1,880
-1,880
1,026
-1,026

1,563
670
995
-102

Europe
Petroleum
Manufacturing .
Other

235,163
23,895
92,302
118,966

246,228
23,721
94,338
128,169

269,156
24,203
96,752
148,201

11,065
-175
2,036
9,203

22,928
483
2,414
20,031

4.7
-.7
2.2
7.7

15.6

32,411

33,578
2,169
20,177
11,232

37,524
2,468
22,283
12,772

1,167

19,533
(°)

644
f°)

3,946
299
2,106
1,541

3.6
P)
3.3
P)

11.8
13.8
10.4
13.7

79,819
11,790
23,732
44,297

82,641
13,516
22,004
47,120

96,430
13,802
22,855
59,774

2,822
1,726
-1,728
2,823

13,789
285
851
12,653

3.5

16.7

Latin America and
Other Western
Hemisphere ..
Petroleum
Manufacturing
Other

77,677
4,050
24,618
49,008

90,671
4,618
26,717
59,336

101,936
5,506
29,641
66,789

12,994
568
2,098
10,328

11,265
888
2,925
7,453

Asia and Pacific
Petroleum
Manufacturing
Other

72,219
13,824
28,105
30,290

79,984
15,164
29,827
34,993

92,269
17,328
35,846
39,095

7,76©
1,341
1,722
4,703

12,285
2,164
6,019
4,102

Otiw
Petroleum
Manufacturing
Other

9,390
4,403
2,163
2,825

10,084
4,427
2,726
2,932

11,757
5,184
3,156
3,417

694
24
563
107

1673
757
430
486

International

2,684

3,193

3,132

509

-61

Ail areas ....
Petroleum
Manufacturing
Other

Of which:
Germany ....
Petroleum
Manufacturing
Other
United Kingdom
Petroleum
Manufacturing
Other

D

Suppressed to avoid disclosure of data of individual companies.

1992

1993

6.7
-.4
4.2
10.4
1

-2,7

-18.7
3.2
-3.6

14.6
-7.3

6.4

16.7
14.0

8.5
21.1
10.8

9.7
6.1
15.5

7.4
.5
26.0

3.8
18.9

10.0

8.6
6.8
12.5

2.3
8.2
3.0
-.4
9.3
2.0
2.6

2.1
3.9
26.9

12.4
19.2
10.9
12.6
15.4
14.3
20.2
11.7
16.6
17.1
15.8
16.6
-1.9

SURVEY OF CURRENT BUSINESS

August 1994 • 129

Table 4.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis by Account
[Millions of dollars]
1992

1993

Intercompany debt
Total

AH areas
Petroleum
Manufacturing
Other

Equity i

U.S.

Net

parents'
receivables

Intercompany debt

U.S.

Total

Equity1

parents'
payables

U.S.

Net

parents'
receivables

U.S.

parents'
payables

498,991
57,487
186,675
254,828

462,346
50,480
169,259
242,608

36,644
7,008
17,416
12,220

112,677
18,846
32,669
61,162

76,032
11,838
15,252
48,942

548,644
62,409
199,457
286,778

501,117
53,307
184,004
263,806

47,527
9,102
15,453
22,973

127,370
21,517
33,796
72,057

79,843
12,415
18,343
49,085

68832
8!l70
33,068
27,594

59,304
6,787
30,183
22,334

9,527
1,383
2,885
5,260

15,144
1,872
6,480
6,792

5,617
489
3,595
1,532

70,395
8,840
34,062
27,492

61,177
7,044
31,258
22,875

9,218
1,797
2,804
4,617

16,089
2,122
6,515
7,452

6,871
326
3,711
2,835

246,228
23,721
94,338
128,169

215,054
17,676
83,716
113,662

31,174
6,044
10,622
14,507

60,158
8,667
15,812
35,680

28,985
2,623
5,190
21,172

269,156
24,203
96,752
148,201

230,710
17,840
87,873
124,997

38,446
6,363
8,879
23,203

68,974
9,255
15,257
44,463

30,529
2,891
6,378
21,260

33,578
2,169
20,177
11,232

29,801
1,921
18,662
9,218

3,777
248
1,515
2,014

6,902
268
3,347
3,287

3,125
20
1,832
1,273

37,524
2,468
22,283
12,772

31,746
2,081
19,984
9,680

5,778
387
2,299
3,092

7,447
417
3,413
3,617

1,669
30
1,115
525

82,641
13,516
22,004
47,120

60,677
8,849
18,845
32,982

21,964
4,668
3,159
14,138

32,143
6,195
4,537
21,411

10,179
1,528
1,378
7,273

96,430
13,802
22,855
59,774

68,245
9,353
19,980
38,912

28,186
4,449
2,875
20,862

38,695
6,259
4,688
27,748

10,509
1,811
1,812
6,886

Latin America and Other Western Hemisphere
Petroleum
Manufacturing . .
Other

90,671
.4,618
26,717
59,336

103,058
4,424
24,222
74,412

-12,387
194
2,495
-15,075

10,207
1,529
3,690
4,988

22,593
1,335
1,195
20,063

101,936
5,506
29,641
66,789

111,328
4,493
27,998
78,837

-9,392
1,013
1,643
-12,048

12,545
1,833
4,410
6,302

21,937
820
2,767
18,351

Asia and Pacific
Petroleum
Manufacturing ..
Other

79,984
15,164
29,827
34,993

70,947
14,508
28,553
27,887

9,037
657
1,275
7,105

22,687
3,993
6,444
12,250

13,650
3,336
5,170
5,145

92,269
17,328
35,846
39,095

82,628
16,379
33,970
32,280

9,641
949
1,876
6,815

24,416
4,652
7,254
12,510

14,775
3,704
5,377
5,694

10,084
4,427
2,726
2,932

11,262
5,693
2,586
2,983

-1,178
-1,266
140
-52

3,391
2,485
242
664

4,569
3,751
102
716

11,757
5,184
3,156
3,417

12,611
6,247
2,906
3,459

-1,063
250
-41

4,211
3,243
361
608

5,066
4,306
111
649

3,193

2,721

471

1,088

617

3,132

2,663

469

1,134

665

..

Canada
Manufacturing
Other
Europe
..
Petroleum
Manufacturing
Other

,

Of which:
Germany ...
Petroleum
Manufacturing
Other
United Kingdom
Petroleum
Manufacturing

.

Other
Petroleum . .
Manufacturing
Other
International

....

. . . .

1. Includes capital stock, additional paid-in capital, retained earnings, and cumulative translation adjustments.




-855

SURVEY OF CURRENT BUSINESS

August 1994

Table 5.—Change in the Historical-Cost U.S. Direct Investment Position Abroad by Account
[Millions of dollars]
Capital outflows

Valuation adjustments
Intercompany debt

Total

Equity capital
Total

(2)

d)

Net

Increases

Decreases

(3)

(4)

(5)

Total

Translation
adjustments2

Other capital gains
and losses

Other

(9)

(10)

(11)

(12)

(13)

-14,607
-1,465
-7,223
-5,919

1,486
1,541
-1,860
1,804

-2,738

-924
-384

Reinvested
earnings

Net

Increases
in U.S.
parents'
receivables

Increases
in U.S.
parents'
payables x

(6)

(7)

(8)

1992
31,147

All areas
Petroleum
Manufacturing
Other. ..

-255

7,445
23,956

41,587
71
16,858
24,658

14,438
944
6,876
6,618

26,635
2,325
8,780
15,530

12,197
1,381
1,904
8,912

15,059
-2,288
7,567
9,780

12,090
1,414
2,415
8,260

11,030
1,671
1,174
8,186

-1,060
256
-1,241
-74

-10,440

556

1,806

2,127
62
1,016
1,049

321
204
40
77

-4,093
-904

-663

-1,264
-1,925

-1,064
-1,011

5,530
801

391
72
-2,332
2,651

-6,817
247
-7,116
52

-11,245

Canada
Petroleum
Manufacturing
Other

-1,880
-1,880
1,026
-1,026

2,213

798
226

2,016
58
962
995

1,459
526
164
770

-148
-366

2,290
899

Europe
Petroleum
Manufacturing
Other

11,065

17,882

3,489
-1,377
1,719
3,146

Of which:
Germany
Petroleum

-175

-421

9,152
9,151

9,253
226
5,216
3,812

15,999
421
5,716
9,861

6,745
196
500
6,050

1,167

1,594

i,0(2D

1,405

280

A

(D)

1,685
(D)
630
(D)

2,822
1,726
-1,728
2,823

6,068
1,443
1,091
3,534

5,677
(D)
1,991
(D)

7,448
(D)
2,079
P)

1,771
(D)
88
P)

12,994
568
2,098
10,328

12,725
359
2,876
9,490

2,728
473
466
1,789

4,260
525
649
3,086

1,532
52
182
1,297

7,766
1,341
1,722
4,703

7,265
1,053
1,859
4,352

1,201
(D)
119
(D)

3,331

2,129

694
24
563
107

758
-70
681
147

(D)
538
276
(D)

P)
709
278
(D)

509

745

(D)

(D)

644
988

United Kingdom
Petroleum
Manufacturing
Other
Latin America and Other Western Hemisphere
Petroleum
Manufacturing
Other
Asia and Pacific . .
Petroleum
Manufacturing
Other
Other
Petroleum
Manufacturing
Other

.....

International

-468

2,036
9,203

-465

Other

-976

C)

1,175
(D)

(

S

(D)

-143

516

976
972

-299

5,140
730
2,217
2,193
586
-68
800

-397
-289
-327

218

-1,197
190
-1,131
-256

6,794
-122

2,887
4,028

-145

-115

4,844
72
-139
-221

433

1,589
(D)
231
(D)

3,227

3,203
8

-223

-478

-313

-140

P)
79

3,673

12

4,795
86
2,112
2,597

1,268

3,174
P)
541
P)

30

(°),

332
284

(D)
-23
72
(D)

(D)

100

i£(D)
(°)
170
2

-$
(D)

-586

(D)
-275

-514

-71
-1,021
578

1,638
P)
-371

P)

-3,426
71
165
-3,661
1,906

-326

-9,413
-702

^27
P)

-439

-288

-405

-349

P)

P)

-252

-123
-451

3,559
-339

79
3,819
301

P)
-308
2

P)

P)

P)

-3,247
283
-2,819

-5,781

1,225
876

1,309

-257

152
1,406

-710

269
209
-778

838
501
288
-137

fi

143

-464

868
1,441
-1,320
747

P)

-402
-330

3,413
-431

-77

-5,875
-4,514

-855

2,681

351
-64
94

-345

-2,713
-2,722
-515

26
-204
-337

667
175
-483

974

-249

118
7
-91
201

-47
51
-51
-47

713
195
38
480

-61
-21
-29
-11

150
104
-18
64

-153

-2

12

-246

-5,818

614
98
-2,585
3,101

45
(D)

-27
P)

-118

(D)

(D)

P)

-236

10,882
1,964
-1,929
10,848

14,694
2,758
1,165
10,771

3,811
794
3,094
-77

-165

-108

-6,301
-1,975

-3,312
-2,398

945
244
81
620

1,254

-831

-1,258

165
1,252

-555
-269

-232
-564
-463

-6,134

-40

606

P)

-166

42
-124

-83

12
-71
-94

1993

-8,441

17,423
241
9,432
7,750

24,322
1,405
11,345
11,572

6,898
1,164
1,913
3,821

29,789
2,882
11,580
15,327

885

2,243
87
1,158
999

1,357
295
588
474

1,818
478
1,064
275

-309

570
524

30,023
801
8,743
20,480

11,131
-45
6,563
4,613

13,197
370
7,178
5,649

2,066
415
615
1,036

11,620
553
3,216
7,851

7,272
293
-1,036
8,016

8,816
622
220
7,974

1,544
330
1,257
-42

-7,095

3,946
299
2,106
1,541

4,744
402
2,940
1,403

1,265

1,408
(D)
925
P)

143
(D)
113
(D)

1,478
235
835
409

2,001
(D)
1,293
(D)

545
(D)
602
(D)

-1,456
P)

-798
-103
-833

P)

138

13,789
285
851
12,653

13,886
171
1,763
11,952

3,317

1,082
389
199
494

4,319
677
271
3,371

6,250

6,581
57
183
6,341

331
283
441

-97
114

1,750
1,847

4,399
109
1,950
2,340

-393

701

-303
-177

Latin America and Other Western Hemisphere
Petroleum
Manufacturing
Other

11,265
888
2,925
7,453

15,003
887
4,971
9,145

2,542
29
1,099
1,414

4,525
153
1,389
2,982

1,983
124
291
1,568

9,466
151
4,802
4,513

2,995
706

-656
-320

3,218

2,338
386
561
1,391

1,491
-1,827

-3,738
1
-2,046
-1,693

-338
-376

Asia and Pacific
Petroleum
Manufacturing
Other

12,285
2,164
6,019
4,102

8,829
1,746
3,329
3,753

2,581
228
1,171
1,182

3,839
399
1,587
1,852

1,257
171
416
670

5,644
1,239
2,136
2,269

604
279
23
302

1,729
643
196
890

1,125
363
173
588

3,456
417
2,689
350

2,381
474
1,041
866

1,673
757
430
486

1,702
872
491
339

(D)
P)
30
10

P33

(D)
(D)
3
67

1,052
354
362
335

(D)
(D)
99
-7

(D)

$

-29
-115

107
-38

8
-31

-79
-14
-45
-20

-31

144

(D)

P)

189

(D)

(D)

P)

-205

49,653
4,921
12,782
31,950

58,094
5,086
19,083
33,925

Canada
Petroleum
Manufacturing
Other

1,563
670
995

-209

-102

2,394
678
1,549
167

Europe
Petroleum
Manufacturing
Other

22,928
483
2,414
20,031

Of which:
Germany
Petroleum
Manufacturing
Other
United Kingdom
Petroleum
Manufacturing
Other

AH areas
Petroleum
Manufacturing
Other

Other
Petroleum
Manufacturing
Other

.

International
D

. . .

£
D

(

)

-280

77
(D)

Suppressed to avoid disclosure of data of individual companies.
1. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow.
2. Represents gains or losses that arise because of changes from the end of one accounting period to the next




408
-84
-632

-227
-258

6,734

-930

(D)

-164

-691

7

-318

-322

-6,329

-3,406
-2,405

-448

-912

-61
147

55
176
-151

30
930
139
-371

1,162

-715
-102
-495
-118

16
19
-92
89

-455

922
88
-40
874

26

-724

-10

-3

-3,237
-155
-403

-2,679
373
49
160
164

-1,891
-135

-2,552
796
-99
-20
-247

167
-564

1
-569

4

-1,132
-4
-2,159
1,031

-1,882
16
450
-2,347

928
-31
119
840

147
-26
1,530
-1,357

-175
-188

-24
36

9

225
87
8
130
-210

in exchange rates applied in translating affiliates' assets and liabilities from foreign currencies into dollars.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

Table 6.—U.S. Direct Investment Abroad: Earnings and Reinvestment Ratios
[Millions of dollars or ratio]
1992

Total

All areas
Petroleum
Manufacturing
Other

Distributed

«,

.54
.66
.59
.32

1,189
733
463
-7

.17

23,428
2,410
6,809
14,209

11,808
1,856
3,593
6,359

11,620
553
3,216
7,851

.50
.23
.47
.55

3,201
572
-2,009
4,638

8

.25

2,700
556
1,322
822

1,222
321
488
414

1,478
235
835
409

.55
.42
.63
.50

-64
90
-97
-57

(2)
.42
(2)
(2)

7,900
933
1,591
5,376

3,581
256
1,321
2,004

4,319
677
271
3,371

.55
.73
.17
.63

4,855
487
516
3,853

-661

.51

6,179
518
2,386
3,275

9,466
151
4,802
4,513

.61
.23
.67
.58

2,436
-24
2,831

-237
-297

.66
.49

15,645
669
7,188
7,788

-372

-857

4,795
86
2,112
2,597

.43
.03
.59
.59

11,606
3,197
3,670
4,739

5,963
1,959
1,535
2,469

5,644
1,239
2,136
2,269

.49
.39
.58
.48

378
-23
74
326

30
332
284

.01
(2)
.78
.49

2,049
1,045
458
546

997
690
95
211

1,052
354
362
335

.51
.34
.79
.61

100

.38

241

51

189

.79

4,242
257
2,207
1,779

-1,197
190
-1,131

Latin America and Other Western Hemisphere
Petroleum
Manufacturino
Other

13,210
693
4,357
8,160

6,416
815
1,470
4,131

6,794
2,887
4,028

Asia and Pacific
Petroleum ..
Manufactured
Other

11,228
3,220
3,596
4,412

6,433
3,134
1,484
1,815

Other
Petroleum
Manufacturing
Other

2,204
1,199
425
580

2,174
1,785
93
296

264

164

-148
-366

516




(2)

-299

3,489
-1,377
1,719
3,146

(2)
.19
.33

-397
-289
-327

218

-256

(2)

-122

-586

-580

1,966
844
548
574

-4,930
-1,358
-3,506
-66

8,131
1,930
1,497
4,704

-1,940

1,876
524
1,161
191

-777
-111

-86

-434

-1,258
-248

-1
-886

226

917

-470

-1,175
51
654

32
-33

-1,177
-1,094
2
-85

-23

-112

-155
-154

5,516
488
1,401
3,627
2,672
273
1,914
485
848
1,153
23
-328

1,023
940
31
52

89

NOTE.—In this table, distributed earnings are shown before deduction of withholding taxes. Unlike in the international transactions accounts, earnings and reinvested earnings are shown without a current-cost adjustment.

Table 7.—Selected Transactions with, and Position on a HistoricalCost Basis in, Netherlands Antillean Finance Affiliates
[Millions of dollars]
Line

1989

Direct investment position
Equity1
Intercompany debt, net
U.S. parents' receivables
U.S. parents' payables

1990

1991

-8,493
9,069
-17,562
1,220
18,782

-4,698
8,451
-13,149
3,065
16,214

1992

-5,307
9,046
-14,353

157

194
8,867

-760

3,534

2,174

(D)
85
(D)
(D)
(D)

2,069

3,807

284

13

90
376

4,628
-3,864

4,413
1,845
-2,568

-1,226
-2,750
-1,524

12
13

Income (13 - 14 + 15)
Earnings
Withholding taxes on distributed earnings
Interest (net of withholding taxes)

-1,307

-957

-762

837

777

7
-2,137

11
-1,723

-23
8,650
-8,673

10,878

3,778
-1,134

764

-2,207
8,513
-10,721

316

Capital outflows
Equity capital
...
Reinvested earnings
Intercompany debt, net
Increases in U.S. parents' receivables
Increases in U.S. parents' payables2

-620

1993

14,669

6
7
8
9
10
11

14
15

14,730
5,170
4,013
5,547

1,818
478
1,064
275

3,045
446
1,076
1,523

1

-7,704
-4,052
-2,622
-1,030

1,554
243
732
580

3,162
755
1,746
661

2
3
4
5

Reinvested

3,372
721
1,796
855

15,059
-2,288
7,567
9,780

1. Reinvested earnings divided by earnings.
2. Reinvestment ratio is not defined because reinvested earnings are negative.

Distributed

7,026
1,118
1,391
4,517

2,764
466
1,419
879

International

Total

.53
.35
.58
.54

16,738
3,214
7,099
6,425

United Kingdom
Petroleum
Manufacturing
Other

Reinvestment ratio l

29,789
2,882
11,580
15,327

20,227
1,837
8,819
9,571

...

Reinvested

26,552
5,271
8,341
12,941

2,331
354
817
1,160

Of which:
Germany
Petroleum
Manufacturing
Other

Distributed

56,341
8,152
19,921
28,268

2,183
-12
1,333
862

Europe
Petroleum
Manufacturing
Other

Total

.31
(2)
.41
.41

34,256
9,322
10,963
13,970

.

Earnings

Reinvestment ratio l

Reinvested

49,315
7,034
18,530
23,750

Canada
..
Petroleum
Manufacturing
Other

1992-93 change in earnings

1993

Earnings

-446

706

572

-1,468

0
-1,018

42
64
37
-2,032
-304

536
0
-840

* Less than $500,000.

1. Includes capital stock, additional paid-in capital, retained earnings, and cumulative translation adjustments.
2. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow.
NOTE—This table shows transactions with, and positions in, affiliates primarily established to borrow funds abroad
and relend them to their U.S. parents. In this table, unlike in the international transactions accounts, income and
interest are shown net of withholding taxes, and income, earnings, reinvested earnings, and capital outflows are
shown without a current-cost adjustment.

132 • August 1994

SURVEY OF CURRENT BUSINESS
Table 8.—U.S. Direct Investment Abroad: Income and Its Components
[Millions of dollars]
1992

Withholding taxes
on distributed earnings

1993

Interest (net of withholding taxes)

Withholding taxes
on distributed earnings

Interest (net of withholding taxes)

U.S.

U.S.

Net

affiliates'
payments

affiliates'
receipts

Total
(-col. 8
less col. 9
plus
col. 10)

(4)

(5)

(6)

(7)

(8)

174
2,513

56,623
8,557
20,289
27,778

56,341
8,152
19,921
28,268

947
129
471
347

1,229
533
839

656
152
129
376

36
1
25
10

4,005
861
1,822
1,322

3,372
721
1,796
855

115
24
61
29

748
165
87
497

794
166
112
517

46
1
24
20

1,309
344
631
334

2,573
369
757
1,446

1,263
26
126
1,112

24,264
2,653
7,336
14,276

23,428
2,410
6,809
14,209

361
35
121
206

1,197
278
647
272

2,283
295
710
1,277

1,086
18
63
1,005

244
40
128
76

237
-1
107
130

342

105
1
72
32

2,954
539
1,468
947

2,700
556
1,322
822

61
17
26
19

315

366

179
162

172
143

18
172

52
0
22
29

3,045
446
1,076
1,523

102
20
57
25

1,152
277
214
661

1,389
293
236
860

238
17
23
199

8,763
1,131
1,772
5,860

7,900
933
1,591
5,376

74
9
27
37

936
207
208
521

1,089
225
215
650

153
17
7
129

11,864
712
4,292
6,859

13,210
693
4,357
8,160

170
6
129
35

-1,176
25
65
-1,266

189
25
75
89

1,365

1,355

8

14,496
704
7,058
6,733

15,645
669
7,188
7,788

262
18
189
55

53
60
1,000

243
53
75
114

1,130
1
16
1,114

Asia and Pacific
Petroleum
Manufacturing
Other

11,254
3,209
3,579
4,465

11,228
3,220
3,596
4,412

166
27
91
47

192
17
75
100

236
22
88
126

44
5
13
25

11,570
3,177
3,620
4,773

11,606
3,197
3,670
4,739

191
42
94
56

155
21
44
90

212
27
61
124

57
6
17
34

Other
Petroleum
Manufactured
Other

2,199
1,203
419
576

2,204
1,199
425
580

23
14
7
1

18
19
1
-2

30
23
1
6

12
4

'l

2,039
1,045
453
542

2,049
1,045
458
546

18
11
6
1

8
11
2
-4

18
12
2
5

10
1
0
9

284

264

n

21

24

3

249

241

n

9

10

1

Total
(-col.2
less col. 3
plus col. 4)

Earnings

(D

(2)

49,123
7,443
18,830
22,851

49,315
7,034
18,530
23,750

1,175
166
576
432

Canada
Petroleum
Manufacturing
Other ..

2,653
101
1,396
1,156

2,183
-12
1,333
862

150
37
41
72

620
150
104
366

Europe ...
Petroleum
Manufacturing
Other ..

20,869
2,099
9,143
9,628

20,227
1,837
8,819
9,571

667
82
308
277

Of which
Germany ..
Petroleum
Manufacturing
Other

2,757
426
1,398
934

2,764
466
1,419
879

United Kingdom
Petroleum
Manufacturing
Other

4,095
703
1,232
2,159

Latin America and Other Western Hemisphere
Petroleum
Manufacturing
Other

Ail areas
Petroleum
Man ufactu rind
Other
"'

International

(3)

984
575
876
-467

* Less than $500,000 (±).
NOTE—In this table, unlike in the international transactions accounts, income and interest are shown net of withholding taxes, and income and earnings are shown without a current-cost adjustment.




3,708
612
1,050
2,045

n

*$

(

Earnings

(9)

U.S.

U.S.

Net

affiliatespayments

affiliates'
receipts

(10)

(11)

(12)

-143

n

-888

3,559
560
959
2,040

w»
120
2,183

August 1994 • 133

SURVEY OF CURRENT BUSINESS
Table 9.--U.S. Direct Investment Abroad: Royalties and License Fees and Charges for Other Services
[Millions of dollars]
1993

1992

Charges for other services1

Royalties and license fees
U.S.

Net

affiliates'
payments

U.S.
affiliates'
receipts

Net

Charges for other services1

Royalties and license fees

U.S.

U.S.

affiliates'
payments

affiliates'
receipts

U.S.

Net

affiliates'
payments

U.S.
affiliates'
receipts

Net

U.S.

U.S.

affiliates'
payments

affiliates'
receipts

14,285
6
9,806
4,473

14,466
6
9,847
4,613

180
C)

4,880
805
2,238
1,837

10,221
958
4,927
4,337

5,342
153
2,689
2,500

14,180
9
9,624
4,548

14,401
9
9,692
4,700

221
0
68
153

4,908
673
2,241
1,994

10,497
902
4,785
4,810

5,589
229
2,544
2,815

Canada
Petroleum
Manufacturing
Other

1,009
(*)
767
241

1,020
1
771
248

11

1,257
24

1,802
135
1,129
537

545
111
(D)
(D)

1,006
1
775
230

1,022
1
782
239

17
0
7
10

1,292
-30
949
373

1,880
109
1,232
539

587
139
282
166

Europe
Petroleum
Manufacturing
Other

9,717
2
6,512
3,203

9,820
2
6,545
3,273

103
0
33
70

2,199

5,360
393
2,710
2,257

3,161
8
1,716
1,438

8,986
4
5,978
3,004

9,148
4
6,029
3,115

162
0
51
112

2,135
315
834
986

5,291
358
2,440
2,493

3,156
43
1,606
1,507

1,896
0
1,542
353

1,916
0
1,554
361

20
0
12
8

-119
P)
-199

553

672

1,856
2
1,444
410

33
0
18
15

581

A

1,823
2
1,426
395

-30

fi

fi
P)

611
1
P)
P)

1,730
1
1,188
540

1,760
1
1,197
563

31
0
9
22

489

1,550

34
0
7
27

198

-J3P)

1,547
170
437
940

1,349
P)
653
P)

538
1
385
151

539
1
386
152

Asia and Pacific
Petroleum
Manufacturing
Other

2,902
2
2,099
861

Other
Petroleum
Manufacturing
Other

All areas
Petroleum
Manufacturing
Other

v Of which:
Germany
Petroleum
Manufacturing
Other

.

. . . .

United Kingdom
Petroleum
Manufacturing
Other
Latin America and Other Western Hemisphere
Petroleum
Manufacturing
Other

international

41
140

n

384
995
820

(D)

(D)

137

72

-fl
(D)

1,181
(D)
622
(D)

1,072
477

1,584
1
1,079
504

2
0
1
1

471
(D)
145
P)

710
98
185
426

239
P)
40
(D)

690
1
510
179

697
1
513
182

6
0
3
3

539
P)
227
P)

794
105
276
413

255
P)
49
P)

3,025
2
2,101
921

63
0
3
61

815
126
(D)
(D)

1,982
130
881
972

1,167
4

3,438
2
2,314
1,122

3,473
2
2,321
1,150

35
0
7
28

823
133
217
472

2,162
138
819
1,205

1,339
4
602
733

56
0
43
13

57
0
43
14

1
0

224
171

57
3

60
0
48
13

61
0
48
13

1
0
0
1

182
158
14
10

254
159
19
77

72
1
5
66

4

4

0

0

0

-63

116

179

R

8

281
174
21
85

0

-86

87

8
173

ty were $444 million, and receipts of film and television tape rentals were $701 million; U.S. parents' payments
were $5,444 million, $145 million, and less than $500 thousand, respectively.
NOTE.—In this table, unlike in the international transactions accounts, royalties and license fees and charges for
other services are shown net of withholding taxes.

Table 10,—U.S. Direct Investment Abroad: Position on a Historical-Cost
Basis and Balance of Payments Flows, 1989-93
[Millions of dollars]
1989
Direct investment position

8

1,671
204
469
998

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. In
1993, U.S. parents' receipts of service charges were $9,352 million, receipts of rentals for the use of tangible proper-




8

7

1990

1991

1992

1993

381 781

430 521

467 844

498 991

548644

Capital outflows (inflows(-))
Equity capital
Reinvested earnings
Intercompany debt

37604
6395
12697
18,512

30982
8739
21 436

32696
17682
18327
-3,313

41 587
14438
15059
12,090

58094
17,423
29789
10,882

Income

53,929

58004

52,087

49,123

56,623

Royalties and license fees, net receipts
U.S. parents' receipts
U S. parents' payments

10,014
10082
68

11,998
12224
226

12,970
13128
158

14,285
14466
180

14,180
14401
221

Charges for other services net receipts l
U.S. parents' receipts
U.S. parents' payments

4333

4199

9117

9532
5334

4434
9694
5260

4880
10221
5342

4908
10497
5589

4783

'807

1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.
NOTE.—In this table, unlike in the international transactions accounts, income, royalties and license fees, and charges for other
services are shown net of withholding taxes, and capital outflows, reinvested earnings, and income are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

134 • August 1994

Table 11.1.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1990
[Millions of dollars]
Manufacturing

All countries
Canada
Europe
Austria ..
Belgium
Denmark
Finland .
France ..
Germany
Greece .
Ireland ..
Italy
Luxembourg
Netherlands
Norway .
Portugal
Spain ....
Sweden
Switzerland
Turkey ..
United Kingdom
Other

All industries

Petroleum

430,521

52,826

69,508

10,494

214,739
1,113
9,464
1,726
544
19,164

21,326
(D)
505

27,609
282
5,894
14,063
1,697
19,120

(D)
15
-8
P)
34
1,429

4,209
897
7,868
1,787
25,099
522
72,707
974

'3,537
(D)
171
2
623

37,988

10,520

30,875

15,550

21,522

38,140

43,681

20,670

109,657

13,446

2,538

6,056

2,839

2,986

1,847

7,000

10,009

5,368

1,076

11,661

2,185

5,450

85,030
280
4,950
379
86
11,557

7,833

20,103
16
2,736

M.

a

5,843
91
199
35
2
433

8,478
P)
175

n

25,815
375
1,590
519
368
3,300

60,636
105
1,893
315
0
1,789

8,707
24
313
146
6
752

4,108
P)
55

0
614

18,284
56
1,119
P)
47
2,898

9,119
48
158

3,107

193
43
(D)
506

19,562
P)
198
-4
9
3,650

16,141
111
3,716
9,069
845
6,547

1,075

2,842
73
1,071
2,109
(D)
2,825

1,312
0
149
265
(D)
529

3,644
0
546
3,704
P)
1,101

956
5
646
554
4
632

3,620
0
73
335
P)
61

2,691
33
1,007
1,439
P)
582

2,234
67
P)
1,694
P)
1,606

1,578
P)

3,790
P)
1,871
1,279
508
7,458

898
P)

P)
44
224
-4
163

0
P)
1,166

SP)

354
229
1,098
519
7,725
P)
3,898
141

46
194
1,006
P)
1,410
76
2,830
P)

27,971
P)

2,816

23,655

2,985

4,954

14,522
1,336
11,494
226
593
79
58
674
62

1,670
334
1,030
19
155
18
6
68
39

2,738
367
1,766
132
212
15
23
223

n

23

8,283
160
60
117
7,784
160
2

1,270
34
29
(D)
1,119
26
(D)

1,915
76
13
2
1,703
115
6

(D)
15
-2
1
345
(D)
5

850

45
0
3
1
3

301

963
2
49
P)

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

28,065
4,004
252
20,169
529
625
-4,501
485
5,929
574

1,222
345
86

Africa
Egypt ...
Nigeria
South Africa
Other ..

3,650
1,231

2,054
1,073

-401

1$

Middle East
Israel ..
Saudi Arabia
United Arab Emirates
Other ..
Asia and Pacific
Australia
China ...
Hong Kong
India ....
Indonesia
Japan .
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other

. .

International
Addenda:
Eastern Europe 1
European Communities (12)2
OPEC3

0
817

24
2,741
0

20,415
251
130
262
10,313
9,289
169

P

J2

78
524
15
116
57
P)

p)

848
59
32
473
284

3,959
746
1,899
409
905

1,317
(D)

967
396
570

64,718
15,110
354
6,055
372
3,207
22,599
2,695
1,466
3,156
1,355
3,975
2,226
1,790
356

12,214
2,801
114
234
(D)
2,751
3,988
71
402
320
(D)
650
2
626
120

2,535

1,226

127
180,491
7,145

1
16,665
3,453

£
932

<8
663

10
85
-2
1,604
0

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

775
2,045

330
231
1
348

17
80
826
87
147
47
3,918
(D)

2,011
471
507
P)
461
102

P)

n

26,391
5,574
138
1,756
220
120
11,182
1,269
745
276
675
2,143
1,469
768
57

2
92
855

8

8
5
0
(D)
(D)
3




p1

n^
119
(DD)
(31)
0

6
1
P)
P)
209
P)
4,654
H

1.&
P)

52
2,295
7

157
P)
P)
6,233
0

1,699

3,101

1,551

3,646

5,719

970

2,568
P)
2,243
1
0
0
0

835
27
731
P)

1,885
49
1,669

8

q

3,855
216
3,088
168
146
21

P)0

1
42
0

0
89
0

8

532
0
0
0
532
0
0

689
12
0
0
676
0
2

1,762
0
0
0
1,762
0
0

P)
23
19

n0

26
0
4
0

0
0
0
0
0
0
0
0
0
0

&

fl
-141
26
13

T0
0
-3

T0
0
0

0
0
0
0
0

«J0

(D }

"o

0

(D0

^

n

3,328

233
43
118
P)

TP)

T
T

s

1,429
26
163
125
P)
P)
425
13
130

939
21
3
12
551
346
7

8
0
3
2

8,516
0
4
P)
619
7,876
P)

426
3
3
P)
291
107
P)

1,280
65
9
P)
963

19,307
1,322
39
19,365

308
-11

620

SP)

P)
P)

P)

8P)

81

a
2

1,070
270
85
517
16
39
22
0
117
3

4,689
2,032

2,482
P)

12
3,233
P)

113
46
P)
0
P)

T8

J3

0

15

8
(E

2

34
1

8

230
3
3
6
218

51
7
3
5
37

196
4
0
P)
P)
145
P)
104
P)
10

5,930
265
10
1,052

2,356
270
P)
3
0
1,682
238
0
P)
0

9,275
1,598
106
2,084
10
P)
3,540
298
91
193
107
731
285
173
P)

4,129
1,092

8

3,940
1,186
29
P)
27
P)
1,513
286
105
82
76
P)
122
P)

5,770
1,246
1
854
P)

1,399
547
7
233
9
P)
404
P)

5,540
2,254
-12
317
3
239
376

P)
11
57
45
34
0

2,138
50
35
45
33
P)

5,057
518
P)
221
54
P)
3,144
40
4
2
-5
755
-10
P)

n

967

2,601
168
1,433
873
30

137
32
87
15
4

867
378

191
7
10
235
(D)
56
39

30,424

1,330
337
513
360
P)

937
118

6,140
2,015
29
117
123
61
2,403
312
52
82
215
112
443
121
56

i

6,028

807
150
157
163
79
28
66
179
-15

205
0
P)
-4
P)

2,101
942
12
28

3
254
42
2
(D)
16
25
P)
30

9
,$27

T

116

250
P)
33
60
P)

|J
|D

P)
106
417
50
710
P)
2,954
32

P)
3
38
0
P)

8
fl

13
11
1
0
0

T
552

262

4
4
0
0
0

8
T

25

0

n

-4
1,679

21

536

0

60
16
0

a
P)
a ap)

333
328
5
0
0

8*

61

i£
8
n(
'j1

85
P)
69
23
13,222

20,077

1
110
P)

157
3
0
141
14

3
106

20

435
298
140

Other
industries

157
39
P)
61
P)

162
(D)

8

<1

Wholesale
trade

37
P)
0
15
P)

47

199
25
15
115
44

1,634
160
575
38
139
1,022
785
237

n

a
0
0

0

n

n
577
103
61
339
922
29
P)
249
237
290
131
P)

an

2,769
121
183
194
P)
123
91
25
P)

B

1,309

81,776
1,478

0
7,376
114

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Eastern Europe comprises Albania, Bulgaria, Czechoslovakia, Hungary, Poland, Romania, and the Union of
Soviet Socialist Republics.
D

Services

15,570

4,196

682
128

Banking

33,274

22,933
2,531
14,384
1,896
1,677
280
599
1,087
479

fl
204

Other
manufacturing

170,164

71,413

. . .

Transportation
equipment

Finance
(except
banking),
insurance,
and real
estate

Chemicals and
allied
products

10,347
32

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

Electric
and
electronic
equipment

Food
and
kindred
products

Total

132
274
4,991
1,126
1,341
225
23,198
63

Latin America and Other Western Hemisphere

Machinery,
except
electrical

Primary
and
fabricated
metals

0
19,776
823

0
4,814
70

18,42£
40

P)
5,485
64

7
8,353
93

0
17,544
275

P)
16,281
356

P)
7,058
363

1
46,959
916

4
7,825
143

4
3,927
436

2. The European Communities (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom.
3. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.

SURVEY OF CURRENT BUSINESS

August 1994 •

1J5

Table 11.2.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1991
[Millions of dollars]
Manufacturing

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

...
,

All industries

Petroleum

467,844

57,742

70,711

10,050

235,163
1,268
10,611
1,940
386
21,569

23,895
(D)
329
(D)

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

179,230

17,148

40,613

9,515

32,079

15,383

23,341

41,152

49,927

21,283

120,552

15,781

23,330

32,042

2,818

5,304

2,927

2,417

2,126

6,586

9,862

6,848

1,078

12,040

3,038

5,615

92,302
450
5,361
404
66
13,015

8,020
31
378
257
1
1,058

22,721
21
3,382
(D)
10
3,871

4,558
3
200
42
5
427

21,043
60
113

5,797
155
145
7

10,035

27,553
379
1,735
570
228
3,343

9,136
47
125

66,420
68
2,294
322
0
2,234

9,663
P)
705
148
6
870

6,193
-1
63
9
P)
P)

1,496
(D)
243
706
0
562

3,406
70
1,276
2,448
(D)
3,072

652
53
P)
338
P)
1,225

P)
0
P)
708
P)
592

2

Total

8
8
fi

32,411
306
6,471
15,085
1,734
20,293

28
1,808

19,533
134
4,156
9,209
853
6,587

4,318
1,034
8,088
2,323
25,682
545
79,819
1,282

3,714
61
136
(D)
582
(D)
11,790
92

91
355
5,180
1,623
998
356
23,732
198

56
(D)
29
2,372
18

%

Wholesale
trade

3,528

n
417

8
<2
623

20,128
P)
P)
73
P)
3,091

1,052
0
180
255
(D)
443

5,082
0
443
3,535
P)
964

853
P)
702
371
P)
433

4,939
0
70
324
P)
76

2,704
P)
1,242
1,570
P)
1,038

2,480
52
35
2,147
50
2,026

1,639
280
188
127

4,369
2
1,805
1,898
593
7,928

6
154
850
85
165
54
3,693
(D)

1
(D)
197
14
90
P)
1,517
0

P)
2
952
P)
152
P)
4,889
7

P)
80
208
5
159
6
2,185
P)

0

82
2,217
8

59
34
945
208
P)
44
6,859
P)

231
265
984
521
8,085
24
4,243
157

47
199
1,103
P)
1,458
128
2,874
P)

126
12
147
48
13,591
P)
30,724
P)

12
142
448
56
905
P)
3,836
39

96
0
90
91
63
1
2,619
52

a

i,Sn

8

294

(

1

77,677

4,050

24,618

3,537

5,465

1,135

2,611

1,427

4,292

6,151

4,462

6,417

32,599

1,190

4,341

South America
Argentina
Brazil ..
Chile ..
Colombia
Ecuador
Peru ..
Venezuela
Other

24,607
2,831
14,997
2,069
1,876
321
492
1,427
594

2,293
441
618

1,889
404
1,112
26
179
22
5
90
51

2,930
351
2,035
71
234
4
8
227
-1

772
P)
801
-187
30
14
P)
42
3

2,139
P)
2,021
1
0
0
0
P)
0

760
34
649
P)
19
9

1,978
22
1,782

4,071
218
3,225
167

1,524
361
647
346

2,955
302
1,618
887
14
P)
57
50
P)

238
49
116
P)
-8
0
P)
18
18

1,716
43
232
343

146
(D)
214
155

14,538
1,176
11,626
89
681
79
35
780
70

Central America
Costa Rica
Guatemala . . . .
Honduras
Mexico
Panama
Other .

23,939
417
107
255
12,501
10,484
175

940
16
13
-8
P)
667
(D)

9,554
226
75
109
8,978
152
14

1,587
90
34
66
1,382

2,226
80
15
10
2,004
112
5

P)
14
-3
1
349
P)

472
0
0
0
472
0
0

9
0
1
3
P)

9,605
0
P)
16
670
8,910
P)

552
5
3
P)
317
191
P)

1,884
23
P)

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

29,131
3,864
291
22,262
661
763
-5,072
510
5,397
455

816
78
35
-90

527

61
15
3
1
3
(D)
4
6
0
(D)

310

•30

20,040
1,530
60
21,150
P)
3
-5,307
16
2,564
P)

400
-18
P)
40

741

69
C)

p
282
P)
P)
P)
P)
P)
P)

4,427
1,246
529
868
1,784

2,668
1,048
423

(D)
3

P)
18
18
104
(D)

175
3
1
42
129

175
3
0
159
12

60
15
3
5
37

170
3
0
P)
P)

4,963
826
2,303
416
1,419

1,735

(D)
36
(D)

27

Latin America and Other Western Hemisphere

Africa
EdVDt

.

Nigeria
'.
South Africa
Other

'. '.

'. '. II LZ™;7 JL" '.

Middle East
Israel
Saudi Arabia .
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hono Kona
India
Indonesia
japan
Korea Republic of
Malaysia
New Zealand
Philippines
SinoaDore
Taiwan
Thailand
Other
W

. . . .
. . . .

^MfVIW

International

.

Addenda;
Eastern Europe 1
European Communities (12)2
OPEC3
..
4

a'S

i
332

8
8

235
1,381

72,219
16,072
426
6,656
415
3,826
25,403
2,900
1,774
2,949
1,395
5,363
2,666
2,025
348

13,824
2,462
117
354

2,684

1,520

307
199,361
9,729

58
19,094
5,292

3,350
4,603
70
480
341
(D)
958
16
775

P)

T3

105
164
10
97
68
P)

911
53
57
506
295

1,252
491
736
25
0
28,105
6,170
196
1,257
210
177
11,463
1,226
1,031
455
818
2,558
1,724
780
40

a

a
a
62

(D)

0
0

2,636
1,237
12
(D)
6
699
209
8
6
294
D
()
65
42
1




s
6
(D)
41
0

8

6,235
2,005
54
125
128
76
2,422
262
54
91
270
43
534
134
37

T
0
0
-3

234
16

641
7
0
0
632
0
2

2,314
0
0
0
2,314
0
0

P)
35
29
32
1,825
16
P)

1,395
148
-3
5
750
493
2

27
0
3
0
P)
0
0
0

0
0
0
0
0
0
0
0
0
0

P)

1,723
127
121
877
8
536
6
0

4,884
2,087

24

8

2,612
P)

168
0

178
33

137
91

P)
15

46
P)
5
18
P)

S
P)

8

°0

P)

P)

303
4
4
9
287

39
16
1
22
0

420
411
6
3
0

4
4
0
0
0

36
2
33
0

125
P)

225
0

1,177
126

221
138
62
14
8

229
P)
146
P)
48

5,795
570
12
244
46

5,562
371
P)
424
6
P)
1,284
165
810
30
147
1,193
828
292
1

2,378
370
P)

4,807
1,356
38
373
16
P)
1,864
306
124
302
83
P)
100
P)

10,761
1,532
94
2,122

4,291
886

8,013
1,799
1
1,585

1,608
573
P)
308
11
9
518
27
-1
P)
186
210
82
44
0

5,617
2,650

1
(
0
0
0

8
0
0

692
260
-1
P)
11
4
183
51
4
P)
18
26
P)
37
-1

0
0
0
0

(

1

'l ^
0

3$
83
31
2
-5
1,042
130
P)
2

51
P)

3
0
1,667
149
0
P)
11
34
P)
0
0

aP)

n

1
82
11
0

a

n

n

100
P)

8

4,652
404
107
103
112
945
392
202
32

p

l

9
P)
94

"

2

§ ap)

&
160

72
307
1,036
48

233
305
167
P)

3
3,457
152
91
202
P)
414
92
27
P)

(

l1
P)

?!
i£n
27

^

fi
fl
403

-15
20
1,866
84
45
54
30
-10

1,164
119
88,519
1,857

P)
7,888
157

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Eastern Europe comprises Albania, Bulgaria, Czechoslovakia, Estonia, Hungary, Latvia, Lithuania, Poland, Ro-

D

T

126
0

1,343
458
138
235
107
36
91
231
47

«*8
1,004

0
4,357
73

7
19,519
95

>)
5,413
65

8
9,766
138

mania, and the Union of Soviet Socialist Republics.
2. See footnote 2, table 11.1.
3. See footnote 3, table 11.1.

P)

19,271
325

20
17,929
445

73
6,933
357

P)
52,329
1,121

4
8,657
118

P)
5,899
539

SURVEY OF CURRENT BUSINESS

August1994

Table 11.3.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1992
[Millions of dollars]
Manufacturing

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

25,394

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

186,675

20,196

43,903

9,486

29,719

15,461

25,498

42,412

52,668

24,081

135,600

17,086

33,068

3,172

5,712

2,883

2,131

1,789

7,490

9,891

6,144

874

12,625

2,869

5,081

94,338
694
5,698
315
90
13,311

9,671
34
458
136
1
1,338

24,519
22
3,442
(D)
14
4,401

4,496
2
220
50
4
427

1*878

5,965
124
129

10,504
(D)
P)

72,045
83
2,494
322
1
3,838

11,093
P)
740
118
7
964

6,280

510

29,018
288
1,845
547
183
4,437

9,732
42

(
2,9 S

20,245
P)
935
107
P)
2,929

2,169
(D)
173
403
31
1,557

20,177
134
4,737
8,664
842
7,488

1,907
(D)

3,820
68
1,517
2,550

952
0
151
214

883
P)
866
346

2,973
28
1,639
1,454

4,396
P)
2,415
1,873
681
6,401

770

1,541
0

8

2,477
59
59
2,025
33
2,346

2,048

3$

4,902
0
200
3,180
(D)
888

3,824
1,225
8,345
1,887
29,190
674
82,641
1,741

3,166
(D)
125
38
322
(D)
13,516
180

80
354
5,208
1,240
2,408
444
22,004
450

(D)
102
509
(D)

71
207
1,039
P)
1,764
114
2,811
P)

90,671

4,618

South America
Argentina
Brazil
Chile
Colombia.
Ecuador
Peru
Venezuela
Other

28,360
3,399
16,343
2,655
2,436
294
620
1,977
636

2,920
515
741

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

25,863
275
115
239
13,723
11,329
182

1,051
-45
21

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

36,448
4,733
494
25,668
779
892
-2,072
565
5,315
72

647
67
39

4,440
1,337
301
879
1,922

2,419
1,122
198

5,644
1,358
2,351
429
1,506

2,007

79,984
16,885
516
8,730
485
4,472
26,590
2,850
1,598
3,206
1,724
6,728
2,910
2,595
696

15,164
2,601
80
450
(D)
3,899
4,767
72
351
404

3,193

1,388

743
207,170
10,779

147
1.9,615
5,661

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

. .

Norway
Portuoal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

.

......

Latin America and Other Western Hemisphere

Africa
Eavot

N^a'
""'":1'"";:::::::;;;:::":;!:::;;::.:::;:;;".":;;::::.;!:";:::::::;:::;:::::":::.:":
South Africa
Other

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hono Kono
India
U
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philiooines
Sinaaoore
Taiwan
Thailand
Other
Wll

.

.

.

.

\0MfSVIV

International
Addenda:
Eastern Europe 1
European Communities (12)2
OPEC3

..

All industries

Petroleum

498,991

57,487

68,832

8,170

246,228
1,378
11,115
1,676
364
24,709

23,721
(D)
194

33,578
372
7,686
13,899
1,783
20,142

9?3
137
(D)
199
140

8

744
127

(D)
42
31

R
8

233
1,600

J8
A
172

Total

A

0
634

2,172
83

5
153
794
100
173
125
3,441
P)

26,717

4,083

15,924
1,326
12,218
178
741
88
18
1,280
74




(

'l

a
P)

<2
744
4,741
0

A-3
93

i£
57
P)
874
163

336

T

164
184
129

109
(D)
1,450
(D)

12
2
601
888
159
(D)
4,822
(D)

59
211
6
191
P)
2,194
(D)

0
-8
2,004
P)
8
73
1,865
8

7,

225
319
1,175
432
8,449
19
3,923
178

5,671

1,190

2,507

1,499

5,176

6,590

4,752

2,345
466
1,373
35
184
26
3
201
57

3,168
415
2,180
73
246

838
(D)
796
-127
30
16
(D)
47
3

2,071
(D)
1,971
1
0
0
0

722
35
606
9
24

2,568
22
2,024

4,212
253
3,268

1,437
482
152
304
108
38
63
200
90

10,231
278
85
117
9,608
132
11

1,691
110
42
(D)
1,371
98
(D)

2,181
83
13
11
2,051
18
6

1,245
46
-4
6
812
382
3

47
0
2
5
P)
P)
2

10,665
0
6
P)
794
9,841
P)

562

47
16
3
P)
3
0
5
7
0
(D)

322

2,070
113
310
804
7
668
12
0
153
3

5,997
3,022

25,890
1,462
67
24,425
P)

3
P)
2,877
P)

-2,207
16
2,103
P)

155

136
91
P)
0
P)

166
21
22
122
1

12,433
1,663
76
2,804
26
47
5,284
277
103
108
108
1,138
517
243
40

n

3
134
160
(D)
89
70
43

g

963
74
64
486
339

160

1,762
947
807
8

64

n

29,827
6,379
306
1,433
203
144
11,838
1,201
926
625
1,022
3,150
1,759
799
41

96

fi
0

3,045
1,268
69
P)

P)
698
247
9
196
339

975
1

n

255
-1

T
8
148

2

A22

D

()
18
-3
2
P)

6

T0

838

T
T0
0

°0
0

p)0
0
0
0
0
0

8

a
28

0

461
0

<3

749
24
0
0
724
0
2

2,608
0
0
0
2,608
0
0

2,210
43
33

28
0
3
0

^
( 0)

0
0
0
0
0
0
0
0
0
0

48
4

59
P)

8

22
P)

«£}16
P)
168

n
1

0
-3
(D)
0
0
0
0

h

17
134
(D)

179
5
2
45
127

104
4
0
84
16

a

33
(D)

ri
n

°0
0

18
16
2
0
0

593
580
5
8
0

3
3
0
0
0

n

7,008
2,234
47
158
118
55
2,767
239
67
95
388
25
652
122
38

705
189
-3
P)
11
5
231
49
6
5
24
28

6,080
449
14
209
51
(D)
3,617
78
-133
0
-5
1,463
91

5,568
283
3
533
5
(D)
1,150
183
844
(D)
158
1,345
805
218
1

2,206
418

5,215
1,538

R

A13

aT
s
{

9

0
D0

D

«

4
0
1,560
19
0

<3P)
B

o
0

109

2
«0

P)
148

43

0

P)
1,814
387
132
302
107
186
64
109
C)

P)

a

527
3
1,530

§
R

%
9
691

124
36
209

33,706
192

17
178
421
61
985
P)
4,381
53

P)
2,299
P)

8,049

40,277

1,206

5,054

2,005
427
1,010
359
P)

3,722
545
1,923
1,084
16

260
58
99

2,092
46
200
511

140
P)
169
77
15,186

n

876
P)

T

a

(

30

%

8

9
23
P)

400
P)
190

521
5

2,104
-9
3
37
1,947

A
141
P)
424
5
P)
113
P)
18
P)

65

8
858

1

a
R

n

P*

436
5
P)
P)
431

83
41
4
5
32

247
3
0
76
167

141
0

1,085
160

281
158
69
29
26

201

5,149
1,011

9,132
2,054
12
2,335
P)
8
3,282
165
103
190

1,554
471

6,726
2,705
P)
483

98

233
P)
266
1,125
91
P)
341
386
331
230
155

§

A
160

a

&

15
P)
566
28
1

76
47
0

A
8
<fl

589
-17
23
1,885
61
61
P)

R

1,805

334
88,932
2,395

82
8,279
275

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Eastern Europe comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czechoslovakia, Estonia, Georgia,
Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia, Tajikstan, Turkmenistan,
0

8

Wholesale
trade

12
23,957
1,071

4.S

86

17$
50

Ukraine, and Uzbekistan.
2. See footnote 2, table 11.1.
3. See footnote 3, table 11.1.

5$
71

8
10,117
474

19,077
368

31
19,245
461

100
7,158
418

P)

56,366
990

5
9,929
173

P)
5,926
681

August 1994 • 137

SURVEY OF CURRENT BUSINESS
Table 11.4.-U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1993
{Millions of dollars]
Manufacturing

46,135

9,922

29,736

18,353

26,229

46,502

57,645

26,720

155,597

18,104

28,713

5,032

2,745

2,240

1,623

8,720

10,059

6,653

623

12,242

2,425

5,349

96,752
578
5,557
206
127
13,257

9,956
411

25,441
25
3,415

4,903
2
240

17,753
54
56

*•£
8

11,372
P)
97

1,267

4,536

6,494
P)
215
15
2
359

85,111
110
2,794
363
1
2,374

12,151
12
708
113
7
996

7,373
P)
91
20
P)
868

2,054

3,812
50
2,340
2,607

5,107
34
3,389
1,816
753
5,199

862

352
30
1,055

22,283
125
5,122
8,745
1,289
7,775

fi513

1,630
0
52
227
P)
791

3,136
(D)
140
1
629
P)
13,802
196

584
340
3,481
1,166
1,923
606
22,855
734

(D)
160
622
17
(D)
128
2,314
176

101,936

5,506

29,641

30,921
4,355
16,908
2,869
2,542
511
631
2,295
809

3,074
566
738
(D)
758
355
(D)
198
199

17,135
1,993
12,574
229
769
97
20
1,371
82

28,966
385
138
223
15,413
12,575
232

1,132
2
28

11,569
339
102
144
10,802
169
12

2,640
134
51
(D)
2,334

2,652
97
23
3
2,392

3

'8

42,049
4,194
644
28,153
1,020
1,077
20
693
6,054
195

1,300
471
95

937
P)

513

(D)
237
168
21

35
0
3
1
4
0
(D)

30
169

fl48

0
P)

5,297
1,374
527
925
2,472

2,958
1,087
P)
(D)
1,210

1,064
81
50
544
389

6,459
1,660
2,567
537
1,695

2,225

1
8

92,269
18,437
877
10,457
759
5,031
31,393
3,001
1,928
3,037
1,770
8,782
3,096
2,893
807

17,328
2,579
223
496
P)
4,552
5,429
74
303
339

3,132

1,348

1,746
224,587
11,853

166
19,827
6,422

24,203
210
249

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

37,524
424
9,575
13,920
2,314
19,887

2,468

Norway
Portuaal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

4,353
1,162
6,437
1,802
32,901
1,023
96,430
2,770

... ..

Central America .
Costa Rica
Guatemala . .
Honduras
Mexico
Panama
Other

.
.

.

Other Western Hemisphere
Bahamas
.
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
...
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
Africa
EdVDt

Nigeria
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hono Kono
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinoaoore
v
~
Taiwan
Thailand
Other

..

..

3-pw

International
Addenda:
Eastern Europe l2
European Union
OPEC3

.

8

8

724
144

8

291
1,730

1$
P)
1,011
188

Total

35,846
7,076
461
2,660
395
160
13,610
1,236
1,079
778
960
4,632
1,896
863
40

n

fi432
0
955




8

«£
8
549

(
°4
488

1,194
0
198
215
P)
494

66
234
142
3,722
151

2
P)
122
5
132
P)
1,591
P)

5,513

6,402

1,117

2,838
667
1,596
30
220
33
5
221
64

3,237
443
2,144
119
284
-3
-4
255
-1

142

82
65

80
0
3,259
1,319
66
-1
1
P)
806
268

8

275
86
80
49
2

P}

0

705

5,368
0
-14
3,127
9^
10
3
415

9
T0

a ^

-2
46
237
-10

3,686
29
1,420
1,625
P)
1,382

2,945
60
159
2,086
1
3,090

2,229

53
43
590
95
594
71
6,810
119

200
266
984
370
9,482
23
4,408
165

85
195
1,090
P)
1,791
98
.4,122
604

44,401
352

1,502

5,034

7,496

4,682

8,013

46,496

991

6,607

852
56
715
P)
26
P)

2,816
23
2,265
P)

4,227
578
1,946
1,185
335
0
0
156
27

299
77
80

2,871
455
334
628

438
0

997
135
96
204
117
38
51
223
132

2,318
552
1,139
374

35
0

4,645
386
3,514
169
204
31
9
316
16

639
35
0
0
605
0
-1

2,218
0
0
0
2,218
0
0

2,577
53
32
P)
2,438
21
P)

1,481
67
-6
15
823
578
4

98
0
1

11,873
0
7
23
912
10,926
4

421
6
3
0
316

10
0
2
0
5
0
0
0
3
0

0
0
0
0
0
0
0
0
0
0

274

2,204
140
379
794
5

5,597
2,707

271
-38

(D0
(D^

5
2,801
P)

30,396
817
88
26,826
3
8
-23
P)
2,648
P)

n

P)
P)

48
5
2

75

187
41
P)
76
P)

185

a

577

239

P)

0

P)
554

87
36
5
6
40

198
25
27
142
4

216
0
P)
P)
135

1,185
202
P)
P)
16

307
133
104
23
46

237

13,732
1,706
144
3,624
23
-25
5,859
245
92
108
151
1,076
454
250
25

6,110
1,199
P)
1,079
316
95
309
1,231
96
P)
368
469
401
300
212

9,987
2,060
-2
1,562

*%
Q18

7,124
3,083

0
0
0

T
1
0
(D0

^

0

T0

0

0
0
0
0

p

i

149
P)

184
7
2
41
134

162
5
0
124
33

an a
i
n

P)

36

19
17
2
0
0

839
834
5
0
0

3
3
0
0
0

936
317
P)
P)
11
6
260
50
8
7
27
30

6,985
624
16
302
68
P)
3,800
39

7,849
405
P)
1,559

2,560
472

e

179

2,577

4

8,192
2,235
67
149
143
61
3,189
212
49
110
386
525
802
228
39

141
127
160
167
17,823

P)
1,845

2,042

n

0
0
0
0

T15

187
131

2,247
P)

157

0

I

303
P)
4,265
4

& i,S1

P)
21
-4
3
P)

A

3$

5,293
0
52
163
-2
80

0
700

0
P)
946
P)
10
113
1,906
3

-181

34
18
9
P)
2

877
P)
762
577

«s.
8

32,194
453
2,056
572
141
4,733

(

1
-2

1,796
87

«

a

P!
1,614
186
858
38
161
1,873
775
221
1

P)

a

5
-1
1,824
59
0

3

n1

2
210
11
0

8
T1
156
P)

0

n
6,065
1,704
53
531
164
P)
2,118
422
149
317
114

879

n

J

P*

a
«0

R

n

(°)

4,780
169
332
198
P)
356
144

a

29
145
405
70
1,156
P)
4,447
60

80
8

1

a

fi
80
1
65

P)
740
24
2
P)
-196

187
79
59
0

&
P)

98
P)
2,396
659

8P)

281
237

2,392
-30
3
P)
2,258

8
"&0
359
P)

83

32
^
P)

a
45
34

£
&
666
23
25
1,587
6
125

Pi
P)
1,784

618
91,034
2,461

176
8,667
274

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Eastern Europe comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czech Republic, Estonia, Georgia,
Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia, Slovakia, Tajikstan,
Turkmenistan, Ukraine, and Uzbekistan.
2. Prior to 1993, the European Union was known as the European Communities (12). The European Union comD

Other
industries

3,645

269,156
1,384
11,552
1,797
336
23,565

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

Services

22,579

8,840

Latin America and Other Western Hemisphere

Banking

34,062

62,409

70,395

»

Other
manufacturing

Finance
(except
banking),
insurance,
and real
estate

199,457

548,644

Europe
Austria
Belgium
Denmark
Finland
France

Transportation
equipment

Wholesale
trade

Chemicals and
allied
products

Petroleum

All countries

Electric
and
electronic
equipment

Food
and
kindred
products

All industries

Canada

Machinery,
except
electrical

Primary
and
fabricated
metals

41
24,760
1,139

P)

4,620
88

4
16,455
64

P)
5,819
53

3
9,392
442

119
21,321
401

27
21,362
403

125
8,719
502

176
66,517
1,133

6
10,803
243

628
6,326
689

prises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and
the United Kingdom.
3. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Prior to 1993, Ecuador
was also a member of OPEC.

August 1994

SURVEY OF CURRENT BUSINESS
Table 12.1.-U.S. Direct Investment Abroad: Capital Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing
All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

6,109

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

2,385

-1,427

3,632

1,727

96

761

P)

P)

-1,572

-3,736

1,333

715

Wholesale
trade

3,467

Other
manufacturing

30,982

4,107

2,885

1,965

1,421

1,241

Canada ....

3,902

-286

2,737

643

511

567

143

61

P)

P)

271

Europe ....
Austria .
Belgium
Denmark
Finland
France .

10,194

3,392

8,471
-52
151
14
26
560

4,707
9
71
13

1,285
3
124
P)
P)
171

852

1,026

-1,656

1,806

%5

JB-2

8
P)

P)
121

fl

450
30
18
-3
-1
49

1,590
58
206
38
6
114

(D)
(D)
-2
(D)
20
166

844
22
245
1,196

97

-16
P)
77
130
P)
402

315
0

240
0

P)

112
23

-58
(D)
14
-26
160
(D)
2,285
4

29
-19
247
191
4,405
23

2
P)
-21
P)

143

-74
0

2
-8
-22
5
6
4
371
P)

All countries

54
746

D

()
33

.
1,626
33
926
1,219

Germany
Greece
Ireland .
Italy
Luxembourg
Netherlands

-129

-2,004

-43

Norway
Portugal
Spain ..
Sweden
Switzerland
Turkey
United Kingdom
Other

P)
460

279
5,314
149
-202

(D)

16,536

-109

894

-338

<?
n

40
184
0
123

n

13
64

§

a

8
p

l

253
0

-163

747
P)
58

P)
P)

404

2,753

485

538

305

-42

1,951
379
876
520
77
-32
-83
177
37

-55
-15
34
P)

1,086
295
545
81
106
-4
-4
66
2

75
19
31
4
34
-3
-1
-14
6

289
65
218
18
7
-4
-15
1
-1

28
P)
-8

-95
P)

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

2,611
43
10
3
1,926
612
15

45
0

1,367
28
7
22
1,323
16
-29

403
3
5
(D)
393
-1
(D)

206
16
2

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
.
Jamaica
.
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

5,580

300
(D)

7
0

43

Africa
Egypt .
Nigeria
South Africa
Other

.

.

-32
111
1,431
(D)
283
3,885

-fi
145
. . .

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

-450
-292
-423

8*

17
(D)
413
55
52

211
-545
-278

78
186

(D)
(D)
165

515

324

-163

494
14
170

8

2,213
610
12
26
33
19
424
126
104
-46
87
473
141
201
3

-104

-260

P)

1
3,222
605

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.
2. See footnote 2, table 11.1.

D




1,277

252
-5
264

1,078
422
-22
39
P)
572
-99
-1
26

International

4,230

109
-12
15
87
18

8

6,783

Addenda:
Eastern Europe l
European Communities (12)2
OPEC3

19
282
6
(D)
18
P)

29
208

Asia and Pacific
Australia
China .
Hong Kong
India
Indonesia
japan .
Korea Republic of
Malaysia
New Zealand
Philippines . . .
Singapore
Taiwan
Thailand
Other

794
30
352
(D)
691
984
330
175
2,019
177
620
222
316
(D)

n

a

142
2
53
-23

8
fl
()
D

18

8
1
n

T2
P)
-5

n

i
fl
49

Pi
«0
0
0
0

P)0

P)

T0

0
0
0
-10

8

9
7
2
16
-1

0

aT

5
P)
27
67
-3
-87
13
P)
11
0

278
42
4
-4
14
6
-46
92
7
5
40
91
-3
27
3

-237

0
0
0
0

T
53
0
0
0
53
0
0

<30
(

0
0
0
0

'l

0

48

n0

42
6

P)

1
1

0
^
250
211
P)
4
1
-21
7

§4
P)

(*;

<?0
245
-1
P)
-28
17
P)
15
-2
-9

n

-2
258
-113

P)

n

42

0
0
-100

p)0
41

-46

-1

<pj
n
0

p)
0
0

TP)
(D
^

«2
p)

0
0
0

p)0

6

fl
8

-168

P)
2
12
16

14

1
23
175
P)
-1,228
17

6

P)
-27
P)
P)
432
0

-2
26
-14
109
571
P)
293
19

P)

-2,98
P)

582

931

142

138

325
6
262

578
P)
394
29

55
40
38
21
-14
-5
12
-11
-25

163
60

18

-22
0

0

p)

121
P)

0
16
0
257
0
0
0
257
0
0

0
0
0
0
0
0
0
0
0
0

q
2
P)

-11

3
PI6

n

2
12
4

n

«0

n

fl
3
0
P)

8
p0

^

21
P)

69
-42
51
48
-1
2

-233

&

a
a
3

n1
p)
p)
n

-102

-50

£
P)

P)
160
11

5,813

80

812

606
-22
259
339

7
P)
-18
P)

89
P)
20
-21

0

ng

1,449

8
0

P)

n

700
0
1
P)
P)
P)
P)
4,507

T12

1$
fl
3,807

-267

~ P)

P)

-5

-3

fl
-12

<iP)

-25
1

2
-139

(

'l

-29

0
0

54
P)
17
P)
P)

-13
0

0
0

P)
1
P)
0
P)

781

287
53
P)
1
1
0
187
11
0

114

333

-73
46

937
38

-72
P)
P)

148
P)
-2
615
11
24
95
P)
-67
23
12
P)

18

a

274
-77
96
4
24
72
226
37

n

(DP)

^

1
0

-1
P)
-11
28
14
P)
16
P)
15
P)

n

30
87
2

$

88
24
-57
22
143
31
14
P)

-186

125
-3
P)
-23
-35
18
21
P)

15

4

8

488
15

fl

479

-10
P)

a

58
-23

235
P)
0

-2

(

^l

£)

42

P)

1
P)

P)

-118
-196

P)
P)

n

1
2

-1n
P)19

0

a «i

-229

a
P)

T
P)
n
P)

n

P)
25
56
5
-61

P)

J3
-23

-3
231

2

189

fl

-3,591

-156

1
469

0
429

3

i

91

-82
45

136
P)
571

4,023

a
a
P)

n

«

-S
8

(

11

-114

27
P)

-3

a
-8

297
88
P)
97

-1,306

-116

-4
-6

264

0

258
P)

a

P)
P)
-27
-8
20
P)

10,141

-29
P)
55
20

109
P)
-47
51
P)
131

B fi
i
n

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Pgru
Venezuela
Other

Latin America and Other Western Hemisphere

-552

Other
industries

n

4
14
-4
P)
193
-15
P)
27
2

8P)

0

a
a

-27

B
2,101
-78
P)
97

fl

-51
P)

fl uB

116
-44
2
6
P)

-33
8
4
10
P)
156

(D)

3,707

361

0
537
-5

n

1,277
271

0
791
—e

18

P)
255
7

6
-1,594
18

0
1,684
62

P)
802
4

P)
-387

79

1
-5,141

108

1
1,380
47

n

647
73

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 139

Table 12.2.-U.S. Direct investment Abroad: Capital Outflows, 1991
[Millions of dollars; inflows (-)]
Manufacturing
All industries

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

.
.

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other ..

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
Other Western Hemisphere
.
.
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom IsFands Caribbean
Other
Africa
Eavot
Nigeria
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

.

.

'.

'.

..

'.

.

Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
international
Addenda:
Eastern Europe l
European Communities (12)2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 11.2.
2. See footnote 2, table 11.1.

D




Food
and
kindred
products

Chemicals and
allied
products

-622

1,946
-193

1,942
P)
-20

824
47
17
-11
-1
-21

'•$
T0

2,010

2,746

74

392

$

227
48
-76
330

128
P)
72
42
P)
-2

1,581
0
-3
-1
P)
18

114
P)
194
120
P)
353

252
4
P)
416
P)
739

P)
34
-22
-2
13
P)
430
P)

0
P)
120
P)

1

P)
1
P)
50
P)
P)
798
P)

-6
46
-62
23
279
P)
449
24

and

2,226

12,914

2,205

3,894

-198

283

198

194

19,563
130
1,411
219
-76
2,737

1,040

9,126
135
565
32
-13
1,664

1,003
5
90
33

2,743

ifi

3
558
P)
P)
734

4,832
14
537
1,508
-3
1,654

D

3,500

474
P)
42
184
0
38

52
9
359
381
P)
304

-41
(D)
42
63

-2
118
40
126
-45
154
1,116
228

J
1
18

-2
68
117
-9
17
10
88
P)

-10

2,144

546

421

-9

163
-13
203
-53
45
-13
-14
9
-1

-28
P)
-11
-43
5
2
P)

P)

JS
8( )
D

()

8( )
D

127

23

-3(°)

13
580
411
-23
527

-117

2,893
367
890
174
33
49
-44
1,245
179

88
26
58
P)
-95
57
P)
52
-1

795
35
564
-97
122
-1
-19
184
8

271
62
134
8
27
4
-2
24
14

2,759
-37
-16
-2
2,321
527
-34

48
1
-28

1,322
27
9
-4
1,325
-6
-30

268
15
5
P)
281
P)
P)

268
5
1
2
262
-3

27
P)

7

-10
P)
0

1,541
-225
41
2,797
143
144
-695
-2
-551
-110

a
50
(D)

-146

-6
-50

8
mP!

8

32
18
1
-45
12
P)

75
-28
887
110
-894

-85
-26
P)

109
-4
18
63
32

521
94
224
24
180

131

266
99
166
1

3,854
1,061
40
474
74
413
-203
209
270
-267

8

1
121

n

1,166

987
669
58
83
21
61
-1,143
-37
158
227
119
454
343

-333

3
121

a

1,067
479
228
10

169
-1
79
40
P)
291
8
151
P)

152

181

281
17,738
2,706

57
1,059
1,442

n

-24

8
flP)
0

P)
P)

fl

<3
8
P)
0
0

427
292
2
P)
P)
1
57
25
1
-4
52

T

2
0

n

136
-769

1
19
2
P)

-30

-190

1,341
0

0
27
-10
P)
-93
1
P)
21
3
9
P)
-453

0

D

1,831

3,305

4,778

-1,157

8,572

1,964

3,400

185

-478

240

106

21

743

209

173

4,343

1,462
P)
358
2

1,723
P)
-9
1
P)
P)

-90
-33

n

-286

P)

a fi

931
82
39

-17
P)
-20

P)
274

P)
33
-15
1
147
P)
1,065
7

P)
0
-14
P)
-9
P)
940
24

P)
290

2,190

203

2,004

-285

-27
8
-34

336
-29
264

364
-42
331
-9

187
9
134
-2
P)

(

378
136
84
154
-16
P)

32
9
4
P)
5
0

1,138
28
59
54
P)
P)
-10

P)
13

P)
P)

1
0

415
0
P)
P)
51
360
P)

P)

-324

<J
0
0

p)0

n0

9

38

'1

-230

480
P)
-220

373

0
0
0

1
-31
10
2
P)
2

-36
P)
-5

n

244

594

R
fl
0

0
0
0
0
0

9
12
-2
P)

8

-21

-37
380
18
0
350

955

0
0
0

0
0

2
-23

-68

37
P)
972
7

1
0

-15
23

-878

-294

a

n0

pi

a

22
P)
43
19
556
P)
1,660
P)

P)

P)0

(

Other
industries

353

P)Qn

(*)

a a
363
157
27
-6
9
18
68
-40
1
9
41
11
79
14
-25

P)
-89

Services

Other
manufacturing

-42
1
0
0
-43
0

P)

0

-111
-305

Banking

Finance
(except
banking),
insurance,
and real
estate

Transportation
equipment

-9
0
0
0
-9
0
0

14
P)
P)
10
0

p)

a

-193

fl <1

P)
-9
-3
10
P)

Wholesale
trade

fabricated
metals

1,337

7,194

.

Total

Electric
and
electronic
equipment

Machinery,
except
electrical

32,696

112
193
-29
162
930
144
4,665
424

,

Petroleum

Primary

0

n

«3

P)0
0
0

1

32
-603

82
0

-5

274
125
-12
46
26
5
7
13
64

619
0
0
0
619
0
0

P)
6
4
P)
196
P)
P)

212
-70
-3
2
205
80
-2

0
0
0
0
0
0
0
0
0
0

P)
0

( }

D

3

3
P)
P)
P)
-5

9
P)
5
2
P)

6
4

89
88

0

i

-1
-1
0
0
0

(

2
34
n2
448
8
P)
9
18
P)
-91
23
28

n
n

280
95
P)

n

(

-680

-14
P)
22

-6
108
-8
12
148
135
-61
1

-27
79
P)
(*)
0
-69
-58
0

i
1
0

H

8
2
0

R
p

^

P)
20
P)
P)

n
0

p)

446
134

d

3
10
17
238
6
P)
31
P)

n

-114
-129

17
27
P)
42
87
-608

1

n
P)
p)
(*)

102
-142

39
73
-3
129
-8
0

a

8

239
P)

-3
-11
P)
12
P)

-26
5
P)
0
P)

T

P!

39
P)
4
43
P)

-189

1,516
31
13
205
P)
P)
946
111
16
-92
11
156
85
33
P)

-374
-262

0
P)
1
P)

1
16
53
-6
-228

106
10
P)
-12
-70
-1
26
P)

1,397
59
21
2,754
P)
P)
-760

3
-680

P)
74
1

n3

70
237
6
P)

a

985
711

n
32

P)
36
31
6
19
P)
100
21
-3
P)

T

3

a

60
1

701
4

n

9 &
33
P)

8

111

164

3
n
pi

a^
8

22
-t,
9
8
1

n
(*)
-31
-17
16
-1
4
111
-19
P)
90
3
P)
52
P)

fl

-174
131
19
10
0

(D

-2

n0
P)
P)
68

%
P)
37
-537

263

-SI

fl

-34
P)
2
-439
9
5
4
11
P)
-29

S,S
428

i£
45

2,eS

181

0
-864
4

7
1,819
44

P)
672
2

1
1,211
90

P)

1,919
66

P)

2,464

78

P)

-1,054
-235

P)
3,761
250

1
1,386
-6

P)
1,578
748

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

Table 12.3.-U.S. Direct Investment Abroad: Capital Outflows, 1992
[Millions of dollars; inflows (-)]
Manufacturing

All industries

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

»
.

.

. . . .

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

. . .

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
.

....

.

.

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
. . . .
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

..

Asia and Pacific
Australia
China
Hono Kono
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
PhilJDDines
' " rr ' **"
Sinaaoore
r, "a r
Taiwan
Thailand
Other

16,858

3,303

4,764

516

2,290

385

481

59

17,882
92
742
-29
83
3,628

-421

9,152
220
656
119
60
1,534

1,946

3,124
2
357

240
-1
31
6
1
-12

1,049
12
675
807
52
960

489

(D)

..

. ..

'

v

.

,

..

Addenda:
Eastern Europe l
European Communities (12) 2
OPEC3

.

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote .1, table 11.3.
2. See footnote 2, table 11.1.
D




-ffl

$
(D)

1,594
75
1,230
1,192
118
-1,719

-299

-235

-504

174
1,252
-18
2,922
134
6,068
575

%
-A( )

1,443
84

177
14
816
-66
505
87
1,091
386

12,725

359

3,942
558
2,037
191
299
12
-3
692
155
1,844

-21
3

n

24
93

n
313

8
70
0
79

"7

710

358
5
401
499

A

40
0
17
10
P)
31

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

908

4,288

1,008

778
28
-10
-12
-7
77

2,089

34

92
0

-645

-54
-$47

-4

-29
0
-250

128
P)
-69

-178

fi18

9
%
17

3

0
103

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

5,150

1,294

12,283

2,169

485

-57

283

7

181

2,655
-72
197
-18
13
1,240

138
-8

1,812

8
-9

3,574
17
105
12
1
963

1,247
1
P)
26

1
-31

8

100
17
25
31
-15
397

148
P)
-11
-14
1
2

24

152

P)
0

21
29
121
P)
50
7

Wholesale
trade

3,724
588

1,622

832
3?]

66
P)
294
132

%
T

fi

0
P)
1,142
P)

2
P)
-26
-15

13
422

991

%
-21

fi58

Other
industries

3,761

3
9

87
-3,122

P)
290

13

8
45
19
10
171
P)
859
15

44
15
124

§

-2
272
67

-1
14
-36
-5
25
28
5
P)

P)

6
61
169
-25
409
6
92
21

P)

2$
P)

2,876

393

561

109

-263

-55

1,309

822

600

1,042

7,530

30

289

475
50
68
P)
230
13
(D)
12
41

2,026
151
1,138
60
99
7
-12
578
4

345
63
129
7
17
4
-1
120
6

395
64
272
5
19
-3
-7
46
-1

115

-236

904

B
29

-219

-11
1
-19

514
32
383

135
25
9
73
11
2
-29
1
43

434
39
361

19
9
-10
P)
2
0

15

807
269
452
37
-3
P)
-1
38
P)

45
14
18
-13
P)
P)
-2
P)
P)

34
-61
6

798
43
10
7
759
-19
-3

50
20
9
(D)
26

153
3
-2
1
152
-1

86

28
0

764
0

16

8

610
P)

52
P)

-2

D

P)

(D)
18
(D)

6,939
473
191
2,980
130
137
3,437
55
-86

-151

-378

-302

-12
-7

n

34
8
2

31
D

()

-358

55
-272

118
2

8

845
511
45
73
216

288

7,265
1,401
50
1,914
52
834
627

1,053
120
-37
89

-133
-132

M

international

71

-271

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

Chemicals and
allied
products

-976

-87
65

Africa
Egypt
Nigeria
South Africa
Other

Food
and
kindred
products

2,213

5
-16
1,334
660
8

...

Total

41,587

-147

.

Petroleum

Primary
and
fabricated
metals

192

£44
3
-173

404
136
1,190
184
517
222

67
P)
285
(D)
94
P)

745

127

548
14,327
1,490

88
259
382

%

8

8
JJ
P)

n

12
P)
0

8
15

1
0
(D)

9
19

9
P)

3

<i
0

(

n$
.
°4

n

0
0
0

T0

0
0

P)

n

-244

P)
20
P)
-87
P)

P)

<20
0

1
T0
0

1
0

T0
0
0
0
0

«

155
16
16
91
31

P)
2
-1
40
P)

-3

21
1
0
15
4

526
450
71
5
(*)

P)

6

1

1,859
560
82
152
4
-29
291
-179
-33
297
127
559
7
17
4

0
0
507
49
31

§

49
1
295
45
(D)

n
n

25

P)
0
0
478
248
-2
33
2
-20
52
-14
16
5
89
-18
67
18
3

(

7
2

'l

8

1
63
-2
3

8

^

1
0
358
0

-44
6
0
0
-50
0

404
0
0
0
404
0
0

1
0

0
0
0
0
0
0
0
0
0
0

n

n0

(

i

0
0

P)

0

P)

fl

14
P)
0
5
P)

P)

n

T

4
P)
267

fl
1
n

%
2
P)0
P)19
P)

i

9

8n

298
36
3
-33
7
P)
242
-5
-165
0

184
-27
P)
62
-1
P)
-42
18
101

-133
88

430
172
P)
94
-6

(

0

1
2
&
P)

(DP)

n

180
176
-1
5
0

0
0

95
-7
-1
P)

1
27
P)
396
P)

-41
P)

43

171
-43
-29

n

0
0

P|
0
-40
-256

0
P)
-2
P)
P)
0
0

0

n

931
11
3
19
P)
11
P)

n

-102

-1
1
99
89
1
379
-14
188
-42
-1
132
6
0

-485

fl

8
n

580
470

2

923
2,041

5,959
2
5
2,813
P)
3,534
1

1
P)

8
-8
P)
-5
23

%

9

P)
217
P)

118
-28

1
125
P)
0
P)

2

-397

8

P)

P)

0

-14
-32
P)
9
P)

-23
-2
P)
0
P)

49
1
P)
P)
60

26
26
1

n

a

21

1
0

-87
33
P)
P)
P)

124
21
9
12
82

-28
P)
-14

468
185
-1
87
36

933
229
10
671
P)
16

171
74

1,374
231
P)
159
0
P)
174
-2
3
42
-32
16
P)
P)
P)

"e

25
P)

1,405
-18
748

-86
-8
-13
11
199
116
32
8

JB
113

29
P)
-11
29
«-2
51
P)

-287

16
46

fl
111
60
P)
P)

o

92

a4

-8
-3
8
0

79
0
0

8

618

349
7,784
649

p)

1,382
136

28
3,003
89

P)

134
11

P)
-598

-21

P)
679
8

(*)
1,896
360

p)

1,287
68

15
2,297
34

9
-250
29

P)
1,542
-95

1
1,557
113

P)
1,138
377

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

Table 12.4.-U.S. Direct investment Abroad: Capita! Outflows, 1993
[Millions of dollars; inflows (-)]
Manufacturing
All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

58,094

5,086

19,083

5,778

3,703

672

936

1,712

1,687

4,595

5,218

1,865

22,533

1,285

3,024

2,394

678

1,549

566

-124

29

-99

3

1,524

-350

43

-28

-294

258

188

30,023
53
660
181
3
-534

801
(D)
-30
(D)

8,743
19
53
-101
48
-155

3,245
1
16

2,319
6
212
P)
45
350

525

-109
-1

201
P)
24
-3

-228
P)

2,789

1,063

-654

n

14,668
112
356
26

11

-45

0
22

P)
144

2,841
18
289
69
-27
110

-25

-444

533
P)
2
-4
1
-154

^
^

4,744
82
1,761
1,346
644
934

402
(D)
(D)
5
0
-355

2,940
26
666
982
558
419

748

379
6
657
330
P)
-153

117
0
13
16

283
0
-111
153
P)
73

54

855
0

503
6
80
134
P)
274

-344
9
88
185
0
654

94
P)
P)
16
-15
12

1,354
P)
867
166
48
114

117
P)

64

P)
30
159

~P)

-22
20
31
1,204
4
563
-12

19
P)

43
-227
1

1
P)
-84
-9
P)
33
1,214
P)

12
28
149
P)

99
72
98

P)
-12
-4
12
46
29
334
P)

n

309
P)
171
77

1,452
33
-783
9
302
208
1,763
344

17
873
P)

85
1,550
0
10,175
156

-11
-10
-72
5
287
P)
191
6

15,003

887

4,971

1,502

995

56

@14

131

383

1,291

623

217

6,618

66

1,622

5,345
939
3,304
168
137
222
-5
435
146

498
50
-3
P)
89
223
(D)
49
48

3,308
363
2,724
-28
66
10
2
182
-10

518
202
191
27
44
7
2
54
-10

323
48
225
8
31
-2
-5
18
1

-16
P)
-14
-49
6

608

202
10
191

791
1
824
P)

883
131
653

146
-24
122
3

450
94
310
12

260
33
116
23
7
P)
0
76
P)

15
12
-12
P)

667
410
48
129

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

3,710
108
32
13
2,472
1,035
50

51
0
10

1,414
55
23
27
1,267
40
1

981
20
10
P)
929
P)
P)

498
16
13
(*)
430

1,220
0
1
P)
309
906
P)

114

Other Western Hemisphere
Bahamas .
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

5,949
-435
140
2,833
181
197
2,115
122
675
121

338
49
56

249
P)

3
0

174
P)
0

8
8( )

P)
43
11

-63
-43
P)
27
P)
11
P)

-24
138

5,138
-76
12
2,601
P)
4
2,174
P)
427
P)

913
-10
232
94
597

677
-86
P)
(D)
P)

150
10
-5
82
63

115

4
-2
1

789
305
215
105
165

195

341

B,m

1,746
138
143
41
P)
684
214
3
-45
-58

All countries

*

Canada
Europe
Austria
Belgium
Denmark
Finland
France

.

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

. ...

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kinadom

1,605
105
-667
96
3,683
296
13,886
1,145

K™._::i:::z
Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile . . . .
Colombia
Ecuador
Peru
Venezuela
Other

.^

.

Africa
Egypt

Nigeria
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other

„

,

,

;

international
Addenda:
Eastern Europe12
European Union
OPEC 3 .
4

D

Less than $500,000 (±).

Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.4.
2. See footnote 2, table 11.4.




1,719
494
1,661
240
634
1,766
207
313
-398
137
1,734
78
216
26

8

1
-27

a

-17
16

D

a

59
115

eS
8

-41

144

103

1,119
23,141
1,574

79
414
971

n

a
35
5

8n
n

3,329
460
278
498
190
17
302
57
269
97
95
988
17
57
4

8
17

8

281
0
265

8

f\
0
P)

a

a

8

n

3

n
-66
-12
10
P)
429
P)

8
°l
0
0

9

0

P)

0

18

P)
-11
-3
16
P)

0
0
0
8
2

«2

3

a a a(i
6

0
0

3

0
0

P)0
0

T0
0
0
0
0

n

h

48
1
0
41
7

1
1

fj
1
-4
1
2
-3
3
2
P)
P)
-1

-S
-3
'?3,
422
-22
P)
C)

«

3

8

-74
6
0
0
-78
0
-2

-408
0
0
0
-408
0
0

359
11

3
0

0
0
0
0
0
0
0
0
0
0

n0

^
0
0

^1
2

fl

fl

340
6
P)

49
0

n
n

41

2

18
P)

p)0

P)

P)

»
_4

p)21

252
252

-1

0
0
0

"0

-9
65

810
123
P)
162
147
P)
168
38
26
8
14
P)
11
14

1,125
39
P)
253

7
-62
6
-28
13
55
121
117
27
4

0

-S

11
0

480
30
15
58
12

2o

2
6

-2
0

0

a

-S

3

a |J 1

0

51
-20

l

^

0

?
926

n

fi
<2

n0

431
119
27

36

P)
-2
70
-46

P)0

441
105
107

(

Qp)

(1 T(D
i ^
n
{

107
P)
-36

£

0
0

p)

JS

p

n0

fl
360
-14
134
P)
-29
341
-99
3

n

R
-2
-57
3
0

T

8(
l

P)

n

n

i

j
10
42

17

174
73
-2
1
23
78
1

33
0
-1
1

302
12
69
78
-2
P)

-266
-431

0
P)

n

T
<°i

sP)

n

70
41
P)
15
P)

30
P)
P)

^

110

24
4
5
12
2

63
0
P)

112
46

1,618
288
49
622

521
226
P)
36
46

-17
483
-4
-7
15
26
156
24
-5
-13

%
101

n

p

(

3

-8

S
-63
88
56
40

p)3
17

§

a

68
P)
9
P)
36

iQp)

0

a
fl83

8

(

'l

0

(

1,313
267
-3
227
P)
P)
810
13
101
6
P)
-16
-120

a

182
0
P)
-3
P)
107

'l

28
-27
31
4
19
396
162
P)
154
3
P)
40
-2
1
P)
P)
-1
22
12
0

(D)
44
704
-21

fl

722

a

250

a
8
aP)

^

-133
P)
0
-41
P)

26
P)

a

-95
179
P)
83
0
-^48
-9
39
2
-488
-33
71
P)

a
41

343
6,400
264

98
1,595
65

42
2,161
85

P)
524
19

-$
4

p)
-5

1

1
-307
11

tA

78

-2
1,621
17

3
1,011
68

P)

12,746
128

n

252
70

P)
697
57

3. See footnote 3, table 11.4.
NoTE.--ln this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment.

142 • August 1994

SURVEY OF CURRENT BUSINESS
Table 13=1.-U.S. Direct Investment Abroad: Equity Capital Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing

All industries

AH countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

.
.

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

Petroleum

Total

P)

P)

7,016
(D)
294
56
P)
554

562

4,169
0
42
0
(D)
-79

T
T0

-7
0
8
0
D
()
-98

311
0
P)
0
0

39
0
0
0
0
5

866
-7
-184
-147
-188
-314

P)

p

i>0

0
2

T0
p

^

-52

(D)
0
0
0

258
0
-247

86
(D)
53

29

278
100
72
0
4
-9
0
111
0

Central America
Costa Rica ..
Guatemala ..
Honduras ...
Mexico
Panama
Other

463
0
0
-3
508
-43
(*)

%
ffl
17

-382

209
0
284
(D)
2
-617

1
-230

3
0
1
0
0

^

0
0
D1

( 0)
D

()
0
0
0
0
0

1

0

p)

109
8
7
0
93

92
5

-182

(D)
2
(D)

-164

502
332
183
-94
2
31
-119

140
44
68
-64
15
-51
-4
19

International

-140

(D)
4,342
267




R4

(D)

Addenda:
Eastern Europe1
European Communities (12)2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.

p>

P)
^
-172

0
0

92
0
0
0
92
0
0

(

'l0
0
0

•3

0
0
0

P)0
P)0
4

P)
(D)

R

0
0

23

44
253

<1

0
-113
9
0
5
(D)
0

(E

(°)20

2

°0
0

T

(P)

5

^

0
0
-27

490
162
116
55

D

T

-65

South America
Argentina ....
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela ...
Other

Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand ..
Philippines
Singapore
Taiwan
Thailand
Other

364

4

141

370

Middle East
Israel
Saudi Arabia ..
United Arab Emirates
Other

307

3,762

370

16

W

-22

4,941

123

571

Nigeria
South Africa ...
Other

647

452

1,197
0

Africa

-140

Electric
and
electronic
equipment

863

-84
(D)
6
108
(D)

Other Western Hemisphere
Bahamas ....
Barbados ...
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago ,
United Kingdom Islands, Caribbean
Other

Chemicals and
allied
products

Machinery,
except
electrical

8,739

77
-55
2,999
14
3,337
(D)

Latin America and Other Western Hemisphere

Food
and
kindred
products

Primary
and
fabricated
metals

T8

-239
103
36
(D)
0
62
-102
5
-1

R0
^
(D)
9

'10
p0

^0

"o

0
0

T0
0
0
0
0
0
0
0
0
0
0
D

( 0)

(D

^

0
0
0
0
0
0

<1
0
0

«
11

R0
<l0
0

P)

(D

^

R0

0
0
0
-2

0
0
-46

0
0
0
0
P)
0

n

0
121
0

p)0

3
0

1
T0

143
0

0
0
0
168
P)
28

2

29

2
0
2

T

0
0
0

30
0
30
0
0
0
0
0
0

-26
0
0
0
-26
0
0

0
0
0
0
0
0
0

-1
0
0
0
-1
0
0

0
0
0
0

n
1
0
1
0
0

-117
-26
0
0
0
0
-142
71
6
0
0
P)

3

1
0
0
0

<Z

0
0
0

-S^
R

T0

74
P)
13
0
4
0
0

0
0
0
0
0
0
0
0
0
0

(D

0
0
2

49

«30

^5

T
T0

0
0
4
0

1,664

470

41

198

5

126

1,846

382

<3

fl
T

288
0
8
0
0
P)

P)

p)

-76
0
P)
0
0
2

83
1
P)
6
P)

T0
T2

-28
0
-1
-45
1
P)

25
P)
0
89
0
-47

0
0
-2
0
0
5

0

36
0

4
P)
2
P)
8
0
-17
0

546
1

130

18

165

(

1
PI

n2

R6

R-8

0
0
0
0
P)
0

P)
0
1
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

112

2

170
0
0
0
0

T

0

70

22

Other
manufacturing

3
0
0
0
3
0
0

T0

Services

109

Transportation
equipment

(D0

Banking

Finance
(except
banking),
insurance,
and real
estate

Wholesale
trade

(

l

"o

0
0

(D

(

°4
11

?!0
0
5
0

P)

0

0

0
0
0
0
0
0
0
0
0
0

3
0
0
0
0
0
3
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

p)

0
0
0
0
0

0
0
0
0
0

3
0
0
0
3

^

-141
-3

-35
-7
0

3
0
0

P)0

(0

1
0
0
0
0

162

«3
0
-3
0
0

q1
0
0
2

p)

0

"o
P)0
(

ai

P

l

0

1
0

(D

0
0
0
0

-1

3
0
0
-159
P)

0
0

0
0

q

l
0

0
126
8
0
P)
0

0

0

<i
1 1
(

577
DO

0

n

a

0
P)

p] j
<i i
62
22
12

<J
1
4

Rn

^

0
0
0
0

P)

TPI
"6
fi
pi

0

0
0
0
0

0

'!

-18
0
0
0

1
0

0
0
0
4

T0

-313

121
343
0
0

?!

0
0

-223

n

^
0
0

P)

T

0
-1

p)

208
P)
0
15
2
P)
42
28

0
3

942
1

-535

79
P)
32
31
0
0
0
0
P)
-13
0
0
-3
P)

T
-601
-135
0
198
0
0
-620
0

P)

2
P)
0
-8
0
2
0
0
0
0

1
0

p)
-3
P)

3
0

(D

fl0

435
0

2
127
P)

3

534

T

22
0
0

^

P)
0
0
0
0
0
0
1
0
0
0
1
0
0

P)
p

Rn
Tpi
"o

0

(D0

^

0

P)0

(D0

^

0
0

2
0
0
0

P)0

n

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

2
0
2
0
0

§

P)
P)0

153
77
0
-1
0
0

11

0

0

0
0

0
0

p)
p

l 5*J
P)
n 1
0
0
0

0
0
0
2
0
0
0

-191

0
982
-17

1,030

R

R-9
21
31
2
P)

Other
industries

0

0

Rp

i

P)
51

-(3
121

0
-404
3

0
1

p)

0
284
0

0
26
0

2. See footnote 2, table 11.1.
3. See footnote 3, table 1 1.1.

P)

-24
P)

5
160

p)

0
-58
-2

0
51
5

n

609
31

1
1,935
2

0
524
-1

0
255
125

SURVEY OF CURRENT BUSINESS

August 1994 • 143

Table 13.2.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1991
[Millions of dollars; inflows (-)]
Manufacturing
All industries

Petroleum

Food
Total

and
kindred
products

Chemicals and
allied
products

17,682

2,267

2,763

175

470

Canada ..

2,465

387

1,112

72

110

Europe ..
Austria
Belgium
Denmark
Finland
France

7,321
-71
112
11
5
629

581
0
(D)
0
D0

1,597
(D)
-51
0
4
60

195
22
85
723
-30
662

6
0
0
0
0
-9

All countries

Germany
Greece
Ireland
Italy ....
Luxembourg
Netherlands ,

92
57

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

-417

Latin America and Other Western Hemisphere
South America
Argentina ..
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama ....
Other

.

Other Western Hemisphere
Bahamas
Barbados
Bermuda ...
.
.
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

.

Africa
. .
Egypt
Nigeria
South Africa
Other

^0

43
0
9

0
(D)
-328
(D)

29
0

1
3
87
P)
795
(D)
124
11
5
-8
116

1
(°)

121
24
(D)
41
207
63
(D)
84

^

0
0
0
0
0

124

188

95

-79

(D)

121

D

74
57
1
0
0
0
0

-16
36
36

-6
0
-11
0
0
0

7
(D)

T0

()
94
159
(D)
5
(D)
1
52
D
()

T

8
0

T
0
0

1

0
0

T

8

158

P)

219
6,591
853

44
490
398

0

0

T

8,307

459

P)

P)

P)

756

-6

P)

1,000
0
0
0
0

405
0

548
0
1
0
0
2

351

506

507

'•$

412
0

4
169

37
P)
1
17

589
0
4
0
0
P)

P)

T0
14

269
0
P)
22
0
3

0
0
5
2
0
0
P)

«0

«0

TP)

0
0

P)

0

n

'?

0

8
-1

P)

3
0
3
0
0
0
0

P)
0

(

10

•3

0

0
0
0
0
0
0
0
0
0
0

T

P)

0
0
7
0
0
8
518
0

T
P)0

0
0
0
0
0

3
-1
4
0
0

2
0
2
0
0

2
0
2
0
0

0
0
0
0
0

0
0
0
0
0

-1

0
0
0
0
0

201
164
0

152
(D)

T

-18
0
0
0
0
0

-974

70
12

53
-3
(D)

^D00
(D)
( 0)
0
0

T0
0
-36
(D)

T0
D0

( 0)
(D)

P)0
0
0
0
0
1
0
0

-1
0
0
0
-696

2
0

T0

P)
P)0

P)13

25

p-2

(

^

8

0
-3
0

8

0
2
191
P)

0
0
0
0
0
0
0
0
0
0

0
7
-8
0

T0

8

0
0
0
0
0
0
0
0
0
0
5
0
5
0
0

0
0
0
0

0

0
0
0
0
0
0
0
0
0
0

P)0

0
0
0
0
0

367
P)
39
-5
0

0
0

0

0
0

0
0
0
0
0

-137

0
0

<i

-13
0
0
0
-13
0
0

-5
0
0
-5
0

°k

97
0
P)

P)
0

0

0

(

22
6
9

65

51
P)
0
41
0
P)

28
0

7

0
0

0
0

13

0
0
0
6
0
0
0
0
-2
0
0
0

3 a
0
457

20
1
23
0
0
0
0
0
-4

T0

n

0
52

127

-2
0
0
-2
0

( 0)

0
0
0
0
0

Other
industries

676

2
0
2
0
0

0
0
0
0
D0

Services

58

-3
0
0
0
-3
0
0

(D)
0
0
0

1,132

Banking

180

1
0
0
0
1
0
0

(D)
0
0
0

Other
manufacturing

Finance
(except
banking),
insurance,
and real
estate

795

-287

0
0
0
0

5
0

Transportation
equipment

Wholesale
trade

1,336

1

0
0

p)0

and
electronic
equipment

0
0
0
0
0
0
0
0
0
0

(D)
0
0

0

T
T

P)

0
0
0
0
0
0
0
0
0
0

-1

8
8

(D)

20
0
0
0
20
0
0

140
12
2
0
126

fl

-1

2
0
0
0
2
0
0

0
0

14
0
P)
0
0
2
0

1
(D)

(D(D)

8

1,718
343
349
-55
10

2,974

8

0
(D)

1
0

()

6,180

608
0
1
0
602
13
-8

0

-157

190

-815




p)

fl
1,503

850

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.2.

( 0)

l0

0
88
(D)

1,636
1,046
37
56
30
102

4

2
-61

0

p

n0

Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other

D

R

D0

-797

Electric

6

1,007

123

0
-8
D

-203

Addenda:
Eastern Europe1
European Communities (12) 2
OPEC 3

T

Machinery,
except
electrical

-733

0

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

International

106
(D)
P)

2
5
543
44

3,854
. . . . . .

(D(D)

()

196
131
95
4,541
282

22

.

()

0
0
0
0
D

238
0
7
0
0
(D)

-196

Primary
and
fabricated
metals

n
n0
0
0
257
P)
0
P)
-5
0
-81
-8
5

(

1

14
0
0
0

a

696

33
0
31
0

-18
P)
67
P)
659
P)

n
p)
P)
p)
34

146

a'!
0
0
0
0
0

1
0
0

P)
-5

0
-2
0

n1

0
0
-4
0
0
0

n0

«3

0

3
0
0

^3

3
(D

P)
0

0

(D

0
879
P)

503
0

424
P)

167

4,032

-6

1,529

66

187

T4

P)

fi
P)

0
2
1
15
0
1
0
P)

?!

86
38
0
0
1

n0
0

p)
P)

-17
-1
-3
0
-13

1
0
0
P)
0
23
0
0
0
3
20
0
3,822

P)
0
2,973

0
0
90
0

(D

^0
0
0
0
0

P)
0
P)

P)0
p)0

P)

0

422
227
0
26
0
0
167
3
0
-1

222
81
0

0
0

29
-90
0
0
_•<
0
P)

0

0
0
0
0
0

n
n

T0

2,079

a
61
13

353

8
fl

p)

464
0
-11
0
8
-90
28
-4
P)
0
15
P)
0
0

^

0
0
0
0

^
^

0

a
0
1

T
P)0

p)
p)
P)0

0
0

0
0

P)0
0

T

P)0
0

0
0
0
0

5
0
0
P)
0
3
0
0
P)
0

0
0
0
0
0

3
0
0
0
3

2
2
0
0
0

-6
0
-6
0
0

58
P)
0
0
4
0
0
0
0

P)
-39
0
1
0
P)
2
7
0
0
P)

1
0

0
0
P)

0

T0

"a

P)
128
1,374
53

-fl
11

0
226

n

0
-820
5

7
990
0

an

2. See footnote 2, table 11.1.
3. See footnote 3, table 1 1 .1 .

0
540
P)

P)
317
0

0
322

n

363
P)

P)
3,107
-26

0
399
P)

P)
536
P)

SURVEY OF CURRENT BUSINESS

144 * August 1994

Table 13.3.-U.S. Direct Investment Abroad: Equity Capital Outflows, 1992
[Millions of dollars; inflows (-)]
Manufacturing

All industries

AH countries

14,438

Canada . .
Europe
Austria
Belgium
Denmark
Finland
France

556

.

.

.

9,253
4
194
22
(D)
3,142

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

1,405

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

205
30
274
32
74
14
5,677
598

%
451
13

(D)

. .

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
p@ru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
•

Petroleum

-468

226
0
0
0
0
3

"o

29
1
0
10

"o

0
0

p( )

l

653
0
5
0
P)
Q

959
0
P)
0
0

806
0
3
0

61
0
0
-1
0
0

180
0
P)
79
0
7

0
0
0
0
0

-7
0
2
3
0
0
318
0

P)
128

-5

P)

6
0
6
0
0
0
0
0
0

2
0
2
0
0
0
0
0
0

1

(D)
1,481

576
0
74
129
1
236

(*)

«Z0

5
(D)

70
0
0
0
73
(D)
(D)

0

-4

0
0
1
0
0

-237

1
(D)
(*)
D

1,201
441
77
(D)
-13
156

(

7J
(D)

n

P)

<!
(D0

(DP)

^

0

0
0
0
0

P)

91
0

-o

0
91
0
0

31

R

-22

-5

P)

P)0

80
0
0
0
2
0
-57
0
0
0

1
P)
P)0

0
0
0
0
0
0
0

3

(D0

^

0
-8
0

P)0

(D)

P)

0
0

3

P)

47

153

1,545

P)

P)

27
0
P)

-6

P)
-3
24
-6
0
1
2
3
P)

259
240

T

P)
0
0
0

P)
0
1
0

24
0
0
0

0

TP)

80

89
80
0
0

<3
0
0
0
0

Rn
0
0
0
0
2

0
0
0
0
0

1
^

0
0
0
0
0

2
0
0
2
0

0
0
0
0
0

P)

0
0
0
0
0
0
0

n

0
—2
0
0
0
0
5
0
0
0

P)0

"c

0

0
0

P)
p

R

11

^
P)
T
0

9
0
P)

P)
P)

0
0
0
0
0

T0

Q

P)

0
0
0
0

P)

<3

P)0

n0

(0

0
0
0
0
0
0
0
0
0
0

'l
•p)
-3
-1

P)

T

0
0
0
0
0
0
Q
0
0
0

33

565
0
11
P)

974
0

0
0
0
0
0
0
0
0
0
0

-336

0
0

n1

786

81
0
1,657
0

0
0
0
0
0
0
0
0
0
0

-46
-1
0

4
0
D

ti

R

0
0
0
0
0
0
0
0
0
0

12
0

0
61

730
1

0

0

§

0

0

P)0

0
0

n

-6
0

<D^

P)0

fl0

1
0
0
210
0

0
0
262
P)

T0
p0

P)
79

P)
300
P)
49
-6
21

^0
P)0
P)
P)0
P)0

5
0
0
0
5
0
0

0
0

R

3
0

^

-10
0
0
0
-10
0
0

P)
0
0
0

R

-125

23
0
0
160
0
P)

fl1

R

3
3
0
0
0

0
0
-5
P)
0
300

706
3
0
P)
0
62

(D1

0
0
0
0
0

R 4

1,123
0
0
0
0
P)

0
0
0

Q
0
0
0
0

-10
D

-158

'?,

2
0
2
0
0

(

P)

922

-3
P)
184

R

355

P)

1,220
0

0
0

P)

119
112

1,644

13

0
0

0
0

0
0
0

1,319

-509

88

3

P)

2
0
0

1,026

172
P)
0
47
0
P)

0
14
(D)

0

1,225

386

53
0
P)
14
1
38

P)5

^

1,404

1,377

-5
10
0
0

6
0

0
0
0
0
0

(D

Other
industries

P)

«0
0
0
0

°0
29
0
0
2
0
109
(D)

P)
142

^0

T
fi

Services

240

0
0
0
0

-84
99
304
-81
93
36
(D)
(D)

-120

(D0

0
0
P)

Banking

Finance
(except
banking),
insurance,
and real
estate

Wholesale
trade

P)

0

()
-251

579
8,299
382

R

^

T
104

P)

D0

0
-77

-428

"o

0
369

(D)

0

Asia and Pacific
Australia
China
Hona Kona
India . " "
i
Indonesia
japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other




873
0
0
0
0

p)

8

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.3.

142
0
P)
0
0
0

S
4 T ()

1,550
92

fi

D

P)

980
0

139

210
0
0

Addenda:
Eastern Europe1
European Communities (12) 2
OPEC3

P)

804

397
14
64
(D)
1
0
0
P)

470
(D)

Internationa!

P)

5,216

466

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

Nigeria
South Africa
Other

80

231

369
(D)
75
J)

( )
290
-22
15
(D)

EdVDt
r".?'" .

798

12

473

328
285
-5
0
48

Africa

892

1,075
260
163
125

(D0
^
D0

1,325

186

-19

2,728

104
0
1
0
77
23
3

634

1,037

1#
425

0

Other
manufacturing

1,426

6,876

()
P)

23

Transportation
equipment

Chemicals and
allied
products

0
0
0
6
62

1

D0

Electric
and
electronic
equipment

Food
and
kindred
products

Total

944

Machinery,
except
electrical

Primary
and
fabricated
metals

lP) (°l

P)
(D

^

0
0

15
0
0
16
0
0

P)0

0
0
0
0

1

4
0
0
C)
0

0
0

«0

0
0
0
0
0
50
0

©
0
0
0
0

3n
17

-5

D

hp)
-6
0
0

R

-250

0
2
3
0
-269

0
0
0
2
P)
P)
0
0

P)

-5
P)
36
20
-1
1
P)
18
13
5
P)

^

(D0

^

»0
0
0
0
0
0

R

-2
0
0
0
-2
0
0

-56
0
0
0
-56
0
0

1,262
14
0

64
0

(D0

0
0
0
0
0
0

3
0
0
0
1
2
0
0
0
0

0
0
0
0
0

0
0
0
0
0

(

1
P)
0
0
P)

^

(D
P)
0

^

"o

T
p
^
0

3

(D

162^

6
0
28
0
0
58
P)
P)
3
0
P)
P)
0
0

n
64

1
0
0

(D

110

^

-1
0
0
-2'
0
0
1

(D

0

P)

5

1

1
0
0
0
655
147
0

n0

Rp)
0
-1

0

p)

0
0

q

l

0

3
425
4,536
P)

62
563
P)

31
905
P)

P)91
-8

0
877
0

2. See footnote 2, table 11.1.
3. See footnote 3, table 11.1.

128
533
0

0
958
210

aS

0

p)

1,196
0

0
874
-6

0
-233
-4

0
1,167
0

P)
617
P)

August 1994 • 145

SURVEY OF CURRENT BUSINESS
Table 13.4.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1993
[Millions of dollars; inflows (-)]
Manufacturing
All industries

All countries

17,423

885

Canada ..

11,131

Europe ..
Austria
Belgium
Denmark
Finland
France

(D)
137

8

936

Germany
Greece
Ireland
Italy ....
Luxembourg
Netherlands .

1,265
31
341
675

uB
*3
214

Norway
Portugal
Spain .
Sweden
Switzerland
Turkey
United Kingdom
Other
Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

Africa
Eayot
Nigeria
South Africa
Other
Middle East
Israel .
Saudi Arabia
United Arab Emirates
Other .
Asia and Pacific
Australia
China .
Hong Kong
India..
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
International
Addenda:
Eastern Europe *
European Union2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.4.

D




()
(D0)
0
0
0
6

T

460

( )

131

P)

10

56

P)

213

P)

P)

142

258

779
0

349
0
0

1,133
0
0
0
0

428

1,139
0

589
-6

'1

1,776
0
24
1
0
94

1,000
0

'!
0
P)

488
P)
3
1
0
36

760
0
P)

(D2

582
0
3
0
0
4

p-1

^

P)

76
0
5
P)
0
P)

42
0
0
P)
0
0

81
0

155
P)

P)

187
0

16
0

8

<30

58
0
0

1

0
0
14

812
(D)
P)
532
(D)
320

P}
0

126

T

(D)
425

P)

P)
0
0
2
0
1

430
0
2

(D)

20
(D)
9
P)
0
15

«0

0
0

0
0
0
0
0
0

0
0
6
5

i

P)0

^

T
1
36

69

(D)

806

206

189
213

68
(D)
3
0
(D)
(D)
2
0
0

.8

8

4
()
41
(D)
373
(D)
D

311

T( )
D

T

0
0
0
0
0

P)

T
P)
0
0

0
0
0
0
D0

()

1

299
(D)

17
0
0

0

8

T

18
25

fl

-46

<1

-272

0

866
0

P)

2,581
476
271
239
182
197
1,159
48
46
115
-35
113

1
2

7
0
-2
0
4
4
0

260

19
-40
P)

0

-15

0

8
228
(D)

T
0
145
33
0
0

1
0

fl

(D)

(D)

987
8,118
206

(D)
-250
131

T
(D)

1,099

-139

1,004

2,154
0
0
0
0

^

"o
(D)

2,239

570

29

640
9
-2

974

6,563
0
51
-7
(D)
736

2,542

1,623
71
(D)

668

450

8

p)0

998

Services

D

1,750
338

1,714
0

1,001

Banking

1,223

-2$
P)

(D)
(D)

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean .
Other

-45
0
0
0
D0

Other
manufacturing

3,593

9,432

%

P)2
.. ..

-209

Transportation
equipment

Finance
(except
banking),
insurance,
and real
estate

Chemicals and
allied
products

3$
995

52
13

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

241

Electric
and
electronic
equipment

Food
and
kindred
products

Total

p4

-166

.. ..

Petroleum

Machinery,
except
electrical

Primary
and
fabricated
metals

5
P)
0
0
0
D0

()

T

0
D0

( 0)
0

0
0
0
0
0
0
0
0
0
0

p

T^0
0
0
0
0
29
0
(D)
0
(D)
0
0

T0
0
0
0
D0

()

T
<D0^

(D

0

0
0
0
0
0
0
0
0
0
0

^

0
0

"o

0
0
0
0
0

1,171
5
187

170
(D)

145
(D)

-165

3
0

0
D0

()

D0

( 0)
0

(

i1
0
0
0
0

P)

10

0
0
0
0
0
0
0

p

5
0
5
0
0

()

8

0

0
0
0
0
0
0

«0

707
6
46
P)
2
P)

l
T

0
0
0
0
0

T

2
2
0
0
0

(D)
2
(D)

p

P!

5
0
5
0
0
0
0
0
0

12
5
7
0
0

0
^
D0

^

P,

0
0
0
0
0

T

p

P)

^
p)
p
^

0
0
0
0
0

p)
q

«Z
^

T
T
T

-4
0
0
0
0
0
0
0
0

Wholesale
trade

1,499

1,146

8
8

82
0
9

0
P)
0
0

«0

0
0
26
0
0
3
444
7

1
3
40
4
57
0
206
5

0
0
6
0
5
3
400
3

P)

129

268

280

T

23
-2

T0

T

0
0
0
0
0

2
0
0
0

5
0
0
0
5
0
0

17
0
0
0
17
0
0

107
0
0
0
107
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

3
3
0
0
0

T

0
0
0
0
21
0
0
0
0
14

547
0
P)
6
0
0
393
5

(D

^

0

1
0
11

(D0

^

0
50

T

0
0
0
0
0

p)

1
0
0

"9
T0

80
p

«2^

P)
-3
1

0
0
0
0
0
0
0
0
0
0

p)0

230

0
2
0

«0
0
0

0
0
0
0
0

T

0
0
P)

0
0
0
0
0

8

0
0
0
0
0

2
0
2
0
0

0
0
0
0
0

387
3
0

76
48
0
7
0
0
16
P)
0
-6

0
0
0
8
0
0
0
0
0
0
0
0

1

102
0
0
0
0

p)

3
0

T<D
^
0

2,387

(

i

p)

q

0
0
4
0

P)2

73
0
581
P)

388
0

0
0
272
P)

185

-23

704

'?1

(D

^

-111

P)

R

0

"o

0

4
669

Other
industries

«0

T

0
0
0
0
0

0
0

8
264
0
0
0
194
69
0

(

109
84
0
30
P)
0
0
P)
0

°l

{

T0

P)

0
0

°l0
0
0

P)
P)
P)0

31
P)
-2
P)
0
0
42
0
177
0

-1
0
0
0
0
0
-1

0
0
0
0
0

0
0
0
0
0

11
0
0
4
8

3

0
0
0
0
0

166
23
P)
-11
P)
6
39
8

368

125
-2
0

447
102
0

<30

(D44

{

l

0

"o
0
0
15

(

3
l0

p

241
«0
1

3 1

0
-2

0

0
0
0

0
4
6
0
0
0
0
«0
0
0

p)
p)0
p)0
0

1 1^
0
0
0
0
0
5
0

110

(D0

n^0
6

338
4,491
9

69
640
0

670
7

0
349
0

0
1,017
0

1 . See footnote 2, table 1 1 .4.
2. See footnote 3, table 11.4.

a
0

0

p)0

7
1,128
2

5
528
P)

0
481
17

i,e(S
13

n.

752
0

P)
449
P)

146 • August 1994

SURVEY OF CURRENT BUSINESS
Table 14.1.—U.S. Direct Investment Abroad: Reinvested Earnings, 1990
[Millions of dollars]
Manufacturing

All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

21,436

1,943

9,826

1,270

2,296

692

1,463

798

1,366

1,941

3,319

-1,776

6,885

1,127

Canada ....

288

-421

423

209

207

154

-185

80

-139

97

117

55

353

59

-299

Europe ....
Austria .
Belgium
Denmark
Finland
France .

12,347
211
817
61
3
758

1,745
18
40
P)
P)
-5

5,318
157
418
30

679
7
52
26

1,278
3
189

333

164
30
-6

-44

-3
149

92

U

0
-38

3,519
-21
201
17
0
100

-101

393

2,270
61
194
23
20
332

988
1
P)

n

723
P)
64
1

-1,394
-3

T
(2

1,319
-4
-7
-2

59

n

-4
-1

Germany
Greece
Ireland .
Italy
Luxembourg
Netherlands .

1,252
28
781
1,084
-90
2,403

559
3
P)
41
4
-56

701
10
381
765
-85
565

56
0
42
107
0
135

203
10
87
217
P)
196

125
0
2
-2
P)
74

267
0
65
P)
3
36

90
-1
32
-27
1
57

170
0
4
-15
1
5

-31
-5
317
123
-17
1,016

56
5
P)
35
P)
461

39
0
-1
10
P)
13

Norway
Portugal
Spain ..
Sweden
Switzerland
Turkey
United Kingdom
Other

307
105
1,308
172
2,123
62
951

312
1
28
2
166
P)
640
-17

11
24
1,079
173
184
19
507
P)

n
11

3

4
1
P)

n
15

0

134
P)
P)
4
78

(*)
( )
71
1
8
4
132
-1

P)
3
-22
6
1,428
0
438
P)

1
17
78
8
95
P)
112
7

—3
2
1
-2

-31

1,933

194

447

125

867
161
462
55
136
5
-9
54
4

18
-15
-6
4
35

214
28
159
5
32
-4
-19
12
-1

47
P)
15
17
P)
2

975
23
7
13
963
-1
-29

168
8
5

198
D6

fi—1

0
193
P)
-1

All countries

Latin America and Other Western Hemisphere

g

4,874

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

1,189
105
665
269
122
-7

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

1,888
31
8
-11
1,201
667
-8

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

1,798

Africa

-128

120
45

-147

95
1,451
150
125
30
-9
101

n

-153

98

Nigeria
South Africa
Other .
Middle East
Israel .
Saudi Arabia
United Arab Emirates
Other .
Asia and Pacific
Australia
China .
Hong Kong
India ..
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other .
International
Addenda:
Eastern Europe European Communities (12)2
OPEC3
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 11.1.
2. See footnote 2, table 11.1.

D




-173

88
-166

-160

-44
-39
P)
-9
-7
P)
28
25

8

n1
n
-16
19
121
P)
16
29
4
6
-1
P)
10
14
-354

80
-184

a

90
-1

n1

21
61

o

(D)

-7
6

P)
8
0

n
n
1
1

/D\

/D\

0

11

5

4

116
4
4
85
23

12
2
4
6

-1

(

610
107
373
93
36

203
4
(*)
114
85

233

0
-7

0
0

3,434
958
-23
361
39
627
95
199
84
-4
81
664
164
200
-13

854
317
-64
36
-8
656

1,802
430
18
179
26
12
174
45
95
9
90
504
117
100
2

176
89
1
4
(*)
( )
30
20
1
2
11
6
D6

-147

-1
-31
-23
P)
84
1
P)
7

0
-1

n

37

-55

-26
9459
946

/D\

m\

o

1 257
501

4788
234

596
-3

n

35
-1
0

n

6
28
P)
-12
P)
0

D

n

-13
1
16
3
90

o

n
n
P)3
n
-8

8

D
P)
P)
0
0
0

0

P)

0
0
0
0

P)

7

(

2
14
P)

n2

P)
2
P)
0
-7

2

193
83
6

14
5
-22
14
3
5
41
-3
25
18
P)

1

4

(*)
1
0
0
72
28
-2
P)
1
1
10
7
P)
2
2
3
4
5

0

n

P)
-1
-10
0
-97
-115

P)
-283

P)
0
0
0
P)
0
18
0
0
0
18
0
0

821
(D\

/D\

-108

62

81
1
22
124
0
420

-152

13
-9
-13
16
-15

747

271

2,534

37

234

217
-17
219

526
-9
395
30
34
P)
P)
64
-1

81
10
29
P)
-4
1
15
26
P)

101
38
-13
63
3
-3
3
2
9

265
-74
199
141
-2
-1
0
3
-1

19
7
-5
9
1
0
-1
6
2

16
8
32
-10
-3
-3
P)
2
P)

91

-4
0

753
0
1
3
83
665
(*)

0
1

65
7

( }

D
2
0
-11
0

6
P)
57
P)
71
1
285

P)
23
33
-4
-296

12
-881

P)
-103

335
0
0
0
335
0
0

203
5

18
0

o

0
0
0
0
0
0
0
0
0
0

P)
0
P)
2
1
24
0
0
20
4

18
12
4
2
1

-7
4
1
0
-13

60
1

6
P)

5
3
0
1
1

1
1
(*)
0
0

P)
78
P)
0
0

-1
-1
0
0
0

-2

31
P)
P)
10
-3

-20
0
P)
(*)
( )

382
35
2
19
14

501
15

126
81
P)

n0

0
0
4
0
P)
P)
0

0
0

n0

0
0

1
0

0

n0
0
44
1
0
37
6

n

-71
-2
P)
1
0
298
30
P)
0

0
0
p)

(DJ

18
-1
-3
53
-10
71
7
24
192
33
18

n

n

552

-35
-40
-2
-37
P)
2
1

0

0
150
P)

o

1
7
-81
(*)

P)

-209

?i

-1
P)

3
39
115
-16
545
13
283
11

p)D3

-38
-8
20
2
12
P)

D
P)

222

114

n0

37
1
0
-5
0
P)
0
0

8

205
P)
-4

n
n
14

ID\
/D\

o

n
352
99

3-2
P)
137
16
14
-3
12

31
P)

-1n
2
56
33

n

99
-42
53
54
-1
P)
P)
0
30

n

612
138
47
55
3
P)
122
67
4
P)
13
.96
54
23
-1

n

-3
-1

n

-200
-112

P)
0
-2

n

-3
-112

P)

-306

-11
-87
17
1
-228

92
7
P)
-16
-68
-21
P)
5

1,516
-29
18
1,390

8

13
2
161
-39

n

-148

5

-893

-6

-7
3

19
1
P)
4
-1
3
P)

153
P)
0
-27

n

-1
-1

P!

2
-1
2
P)

n

6
-3
1
1
7

7
-1
0

144
7
P)
P)

12
-1
-5
-8
26

6
3
2
P)
P)

274
-55

25
30
P)
44
2
1
-45
-2
-1
1
P)
13
6
6
0

173
109
P)
89
D
P)
-2
-4

3
56

n

n

45
-1
-2
221
2
11
-2
P)
28
4
3
P)

Pi

n

37
24
7
2
8
P)
92

(*)
1,267
177

o
311
-4

0
1,125
6

*D\

13^
-4

n

694
-9

o
662
72

_1
1 633
45

P)
-1 131
48

0
2139

137

1
875
25

n
-101

-45

3. See footnote 3, table 11.1.
NOTE—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 147

Table 14.2.—U.S. Direct Investment Abroad: Reinvested Earnings, 1991
[Millions of dollars]
Manufacturing
All industries

18,327

All countries

461

Europe
Austria
Belgium
Denmark
Finland
France

.

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

.. ..

..

Petroleum

2,294
-604

9,267
49
823
152
-49
1,191

1,975
P)
31

2,471
-31
1,145
1,230
126
1,914

692
4

216

367

609

612

1,972

2,754

-1,863

6,131

657

-76

-12

94

20

525

-81

7

-7

206

199

3,706
17
519
41
-2
721

748
1
32
37

2,247
4
530

336

n
95

T

304
47
-12
-9
-1
47

-497
(D)
16
0
0
32

1,065
(D)
-58
(D)

1,986
11
154
59
-49
362

-1,410
2
P)
-9
-1
-67

2,750
P)
144
17
0
12

368
-1
11
P)

364

19
5
(*)
28

-496
-2
-8
-2
3
-85

1,548
14
599
736
92
253

199
-2
51
106
0
-2

113
11
353
343
(D)
290

135
0
20
13
7
47

104
0
36
(D)

115
6
-9
216
2
483

-91
P)
-14

217
-1
539
78
62
1,005

-18
P)
6
85

n

n
14

n

P)

42
15
163
1

8

63
-5
17
1
108
D
( )

7
1
-482
D
( )
5
-1
-164

-1
30
25
10
116
P)
94
7

(D
-23
11
1
-1
-90
10

468

414

1,338
249
594
261
47
-2
-45
174
60

-68
49
-58
P)
-70

3

172
-9
121
(D)
32
2

11

694
-8
497
-29
115
7
-17
127
3

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

1,856
13
-15
-7
1,344
531
-10

66
4
-16
-1
9
68
2

1,055
25
3
12
1,047
-18
-14

235
12
4
(D)
220
(D)
(D)

Other Western Hemisphere .
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
. . . .

1,801
-361
108
1,362
162
84
250
-11
193
15

34
7
8
-11

67
5

6
1

.
.

.

.

.

.

Africa
Egypt
Nigeria
South Africa
Other

•3
811
12

8

22
1
-2
12
2

1

n
n
n2
1
1
0
2

-31
-70
188
115
-264

-150
-89
171
(D)
(D)

111
2
17
73
18

30

Middle East
Israel
Saudi Arabia ;
United Arab Emirates
Other

631
110
457
76
-13

72
5
5
64
-2

223

n
n
n0

0

0

Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea Republic of . .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other

2,873
-446
-16
569
38
860
873
-14
191
75
103
512
290
-133
-30

947
-99
-47
99
(D)
891
188
-1
53
67
P)
88
6
(D)
-39

1,249
298
12
77
22
6
224
-107
106
-19
104
298
181
44
3

128
58
(D)

131

21

-41
7,789
1,680

-50
2,030
1,041

International
Addenda:
Eastern Europe l
European Communities (12)2
OPEC3
.
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.2.
2. See footnote 2, table 11.1

D




Other
industries

2,998

1,816

.

Services

167

33

.

-302

Banking

1,487

4,994

South America
Argentina
Brazil
...
Chile
Colombia
Ecuador
....
Peru
Venezuela
Other

Other
manufacturing

Finance
(except
banking),
insurance,
and real
estate

637

-46

Latin America and Other Western Hemisphere

Transportation
equipment

Wholesale
trade

7,743

12
-3
-294
101
114
47
-828
22

A

Electric
and
electronic
equipment

Chemicals and
allied
products

35
5
-1
-2
-59

..

Machinery,
except
electrical

Food
and
kindred
products

Total

75
93
-424
120
1,180
57
-904
47

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

Primary
and
fabricated
metals

R

n

ft
8
29
0

-10
D

25
1
-4
42
-5
1
5

n

n

-329
-361

( )

n

-16
(D)
2
27

l
210

8
34
4
0

fl17

n
-2
(D0)

31

()
n
n
25
(D)
n

^
p
l
0
0
0
0
0
0

-5
1

"
( )
D

0
0

217
8
4
-7
9
-3
85
-28
8
8
42
1
63
23
3

0
0
0
0
0

233

125

2,331

10

445

195
141
-32
52
11
1
-5
24
3

122
9
72
24
4
-6
3
4
12

257
23
85
146
-2

17
9
-6
8
P)
0
P)

120
28
37

51
0

407
-31
373
(D)
26
3
(D)
51
-1

3

26

394
0
0
0
394
0
0

163
7
-1
(D)
158
2
(D)

134
-8
-1
2
69
71

-14
0
-1
1
P)

455
0
1
3
97
354

60
1

99
-9

n

n

-24
130
1
2

0
0
0
0
0
0
0
0
0
0

27
0

-96
-124
59
36

18
-180

1,620
-74
11
1,298

-67
2
P)
2

226
3
0
37

8n

"
P)

31
3

2
1
1
0
0
58
13

«
1
18
8
1

n2
n

9

9
1
0
0
8
0

(Dn

^

n0
(D0)
0
0

0

n0

D

()

pi
1

2
1

P)
85

<10

(D)

391
70
1
33
14

184
10
-8
11
-1
(D)
-23
-44
59
1
8
123
46
2
(D)

8
n
12
(

2

176
48

B

^

275
-1
207
(D)

( )
2
-4
-1

1 q
35

18
11
465
0
169
12

I?

597

D

0
0

'3

146
-2
-25
30
-1,265
28

fl12
1 J3

n

32
0
0
0
32
0
0

(

17
41
-295
-10
568
32
269
15

10

669

T <i

n

4

-21

9

26
D

n0

3

0

8
-24
—00

fl

1
21
(D)

196
(D)

2>

(

«£|
P)

-20
56
(D)
137
0

-1
8

(D

( )
0
-3
-21
1
(D)

239
292
5
157
163

23
-108

(D)
21
-1
(D)
(D)

( )
(D)
-24
(D)

.£

D

fl9

238
16
190
18
31
-4
-11
-2
-1

15
(D)

"1

P)

D

610

n0

1
0

10
7
0
3

n

-1

-1
0
0
0
-95
42
P)

(

i

-68
(D)
0
(D)

4

(

l
0

n
n
22

T

-1

p)

27
0
(D)
22
(D)
-2
P)

1
0
366
98
4
28
-2

&18
24

T
-2
24

fl

n
n

-8
1
0
-59

n

8
T5
P)

fi

(n

1 i
6
(D)
-5

-7
0
P)

8

P)
0

3
16
-7

509
-346
P)
329

a

344
23
8
-67
20
81
64
28
5

_H
-1

5
3

n
382
7
-1
-2
1

«3

-6

8
-3
P)

n

3
1

23

n

2

9
8

n0

(

i

8

232
12
P)
P)
P)

14
1
9

n4

37
2
17
P)
P)

-604
-343
1
22
48

613
46

57
-37

101
35

J2

-5
291
-10
10
-7
P)
104
12
P)

<?,

-24

84

-82
-2
26
8

18
—1

3 -i!3
42

3
P)
44

I
24
6
0

72
-3
P)
124
P)
4

P)
-11
110

n

3,396
290

1
723
36

n

2,198
124

o
313
11

n

-616
8

£-1 ~&
54

0
1,021
58

2
1,402
52

9
-1,442
54

2,264
P)

1
261
20

P)
-123
P)

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

148 • August 1994

Table 14.3.—U.S. Direct Investment Abroad: Reinvested Earnings, 1992
[Millions of dollars]
Manufacturing

All industries

All countries

15,059

Petroleum

-2,288

1,612
2
241
3
7
305

143

-8

-999
-5
4
-3
3
-260

17
1
411
399

-4
0
19
15
6
38

-197
0
-49
P)
2
P)

-18

§2
(D)

3
P)
40
1
5

18

s

1
1
-143
-38
28

0

-289

-327

Latin America and Other Western Hemisphere

-839

114
304
-68
1,299
104
-1,197
-114

6,794

South America
Argentina
Brazil
Chile
Colombia
Ecuador .
Peru
Venezuela
Other

2,646
219
1,807
230
9
-11
-5
334
64

Central America
Costa Rica
Guatemala
Honduras
Mexico ..
Panama
Other

2,450
203
4
-35
1,643
628
7

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
.
United Kingdom Islands Caribbean
Other

1,697
492
209
851
132
85
110
-15

Africa
Egypt
Nigeria
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
HonQ Kono
India
Indonesia
Japan

Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
i; ,o "
Taiwan
Thailand
Other
International
Addenda:
Eastern Europe *
European Communities (12) 2
OPEC3
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 11.3.
2. See footnote 2, table 11.1.
0




-108

-59
-434
-385

-12
87
-124

5
-11
9
19
(D)
190
-53
-122

-93
-32
15
P)
-137

-13
(D)
21
19
-16
1
-4
P)

J3

-13

p

l
-30
«5

8

B
-690
-416

-35

8

9
663
640
100
325
8
-30
323
-71
349
65
-1,131
-68

(

'l

-28

£
3
.324

57

4

n

47
22

0
74
146
0
-4
-60
2
P)

0

R
fl'

-181

6
195
112

3
P)
69
-16
50
P)

5,865

646

584

-95

218

44

-459

1,113
-58
1
-53
3
288

-1,038
-8
P)
-2
-3
-76

2,847
17
68
12

353
-4
83
-17
1

-129
-13
P)

40
12
22
111
3
240

95
10
P)
-18
1
2

16
P)
624
59
57
748

12
56

P)
29
125

22
4
P)

-4
14
-1,200
44

-140

n

-7

103

-182

-6

1,126

836

440

918

1,498
130
974
1
109
4
-11
286
5

100
36
1
(D)
24
(D)

67
(D)
79
-21
(D)

-203

-42

572

590
30
457
6
31
2
4
63

97
42
18
62
7
3
-23
-14
3

412
42
338
6
P)

24
6

415
60
251
11
25
-3
-6
79
-1

1,343
39
10
15
1,262
21
-4

243

245

206
10
3

228
P)

-14
0
-1

fl

2
1
P)

46
-5

6
1

n
%

P*
-2
35
(D)

T

P)
185
17

n

H

P)
2
-8
1
6

0
1
1

99
-5
8
60
36

15

86
30
-98
77
-10
-5
44
3
(D)
55
P)
28
7
-26
-14

2,112
413
26
133
17
3
301
-20
189
3
162
718
132
33
2

100

77

26

2
44
26
0
-25

3

S0

116

-6

661

4,795
1,110
-36
1,156
54
108
623
38
208
170
165
798
271
104
26

-40

-112

fl

2,569

348

232
163
67
3
(*)

-409

18

<J
(D)

Services

2,887

105
4
20
61
19

-136

811

-103

Banking

Finance
(except
banking),
insurance,
and real
estate

Wholesale
trade

-6
250
1
334
-4

463
219
82
83
79

3,052
648

334
17
-11
11
1
139

335

-397

-144

294

-8

-148

-787

-9

56

1,719
121
274
16
12
440

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

1,643

183

395

162

-1,377
-70
14
(D)
P)

511

1,550

2,697

235

3,489
-13
389
-72
16
338

()

476

1,143

516

Europe
Austria
Belgium
Denmark
Finland
France

43
1,304
778
147
1,302

Other
manufacturing

7,567

-366

D

Transportation
equipment

Chemicals and
allied
products

-148

.

-337

Electric
and
electronic
equipment

Food
and
kindred
products

Total

Canada

Germany . .
Greece
Ireland
Italy .
Luxembourg
Netherlands .

Machinery,
except
electrical

Primary
and
fabricated
metals

16
-139

"

233
(D)

n

-7
-2

n
p)3
n1
p)
P)

1
-6
0

P)0

fl11

(D

1
-8

0
0
0

^

°l

0
0
0

11
-6

15
2

P)

T( )

l8

3
3

67
(D)

<20

T0

207
90
12
(D)

183
64
-6
23
12
-9
-26
-13
6
4
75
-11
54
8
2

0
2

<£j

fl14
24
1
-5
51
3
3
16

n

(

D

(

J!
-4

n6
p)

-394

P)
-197

n0
0
0

h
35
3
0
0
33
0

0

n

554
0
0
0
554
0
0

"o

1
0

0
0
0
0
0
0
0
0
0
0

P)

4
1
0
2
1

fl0

T
T0
0

P)0
0
0
0
0
0

0
0
0

n

22

-2
-2

0

<317

0

1

4

-2

1
1

146
144

'l0

(

'l0

71
20
-1

829
49
P)

1
13
1
P)

&
-2

l
4
4
P)

<31

fl

0

(

A
R
0
121
0

t

n

n

-44
-1
5
P)
D

-1

-262

9

(0

^

479
18
P)

(

440
1
3
46
-1
2
-74
14
149
1
11
227
43
18

n

0
0
-57
54
P)

P)
0
-66
-63
0
0

n

-1
0
0

n

P)
-6

fl
14

8n

n

-68

-106

42
1
1
76
P)
196

n

2,081

109

480

564
21
452
42
P)
0
-1
34
P)

19
9
-4
P)
0
-2
3
P)

148
5
15
90
1
-5
P)
P)
16

720
0
1
4
126
589

48
1

141
P)

n

229
-20
2

797
111
12
854

42

191

n
22
n4

"o
p)

n

n

810

n

-81

-1

0

32
12
6
10
4

-18
-2
-1
0
-15

76
1
9
4
62

30
24
1

9
10
-1
0

23

7
0
P)

-23
35
P)

8

102
P)
13
2
P)

667
109
-1
332

9
3
P)
12

n

439
135
3
65

19
8
2
19
12
11
20

n

1

19
-2

967
162
P)
385
3
1
212
-31
P)
-18
15
59
114
23
6

P)
341
167
-1
87
41
6
-127

102
30
5
-22*

-7
-11
46
24

n

-74
P)
-65

657
0
667
-47

34
0
1
23
10

-1
2
4

25
0

P)
15
9
-6
6
P)
-14
6

520
390
1
0

n
n
n
n
210

1

35
P)
2
21
P)
-43
8

115
9
190
-28
-1
-2
1
0
-55

39
0

Other
industries

n

1

85
3
-269

fl

152
-1
4
3
P)
-18
34
13
5

n

3
-3

n

2
P)
5
-5
8
0

fl

s1
39
0
0

8
18

«
<n>
612
225
7
129
0
P)
50
-13
3
121

3
8
2

23
-90
1,303
371

3
109
33

-4
1,572
131

0
101
6

-4
-983

4

p)40
3

p)

194
123

7
271
73

P)
915
20

9
-1,095
34

1
2,193
-21

1
263
105

P)
-118
112

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a
current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 149

Table 14.4.—U.S. Direct Investment Abroad-. Reinvested Earnings, 1993
[Millions of dollars]
Manufacturing
All industries

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain ..
Sweden
Switzerland
Turkey
United Kingdom
Other ..

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

29,789

2,882

11,580

2,118

3,412

260

359

1,362

1,887

2,182

4,111

913

9,688

451

1,818

478

1,064

198

180

-10

-149

-38

632

251

61

-32

380

71

-205

11,620
118
428
37
-15
52

553
-21
12
(D)
-3
(D)

3,216
137
242
-8
11
4

947
1
22

120
1
-2
3
1
-7

-346

62

-27
(D)
-18
0
0
42

420
4
-19
-6
0

2,491
-3
42
52
-20
248

537
-6
P)
-16
-3
-60

4,776
30
170
7

221
-5
52
-8
1

-174

j

2,040
5
300
-1
7
338

1,478
33
1,379
597
171
800

235
(D)
(D)
49
2
138

835
11
814
403
98
246

152
1
66
11
0
102

126
4
573
240
(D)
13

25
0
24
10
-1
17

-42
0
40
136
4
112

127
-4
51
-29

59

R

-fl

7$

-15
12

213
31
502
159
55
215

81
38
-93

(D)
30
103

n
n
-25

144

a

P)
49
3

3

5
-1
69
22
19
5
50
(D)

0
2,568
-9

n

-44
-3
2
-390

1
-6
-8
2

n

-33
30

257
0
-3
-29

n
11

-109

313
6
147
5
22
85

n

40

-168

20

T44
P)
-181

163

-13

9P)
-10
0

-2
P)

-55

6

2
(D)
-28
-16
28
18
367
(D)

3

4
1
-49
-21
10
-1
-95
-9

-2

(D)
2
-42
(D)
61
(D)
-34
-21

-3

-9
15
444
37

9,466

151

4,802

647

780

117

618

254

1,302

1,085

437

-36

3,643

53

417

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

4,438
238
3,501
86
90
2
-8
451
79

32
19
-31
(D)
-63
4

3,297
132
2,793
-62
156
5
-2
270
6

329
18
200
6
46
4
2
47
6

329
43
213
14
42
-2
-5
23

75

620
-16
625

225
(D)
217

940
-3

780
63
655
-25
16

423
85
297

n

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

2,611
85
17
12
1,610
873
14

(0

3

21
13
-12
13
1
0
-1
6
2

140
40
5
42
P)
-5~

0
10
0

425
-24
349
54
15
0
0
25
5

1,384
37
13

314
(D)
11

380
(D)

41
3

30

,$
(
1

8-1

891
0
1
4
119
768
0

43
1

2
9
-25
9

9
0
-1
1
1
8

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

2,416

119

-421

811

121
2

Latin America and Other Western Hemisphere

-84
144
-120
-122

2,341
172
4,319
-108

98
2,379
158
14
67
9
104
9

-170

6
-2
(D)
-24
(D)

677
-121

1

'l

T
a
18

-112

148
134
271
-45

5
210

S
10
2
1
(D)

Africa
Egypt ..
Nigeria
South Africa
Other ..

578
107
282
121
68

301
75
253

Middle East
Israel ..
Saudi Arabia
United Arab Emirates
Other ..

475
253
125
45
51

53
4
16
22
11

247
193
53

5,644
1,080
58
1,046
54
551
594
129
96
56
194
1,310
247
183
46

1,239
51
-63
98
-5
606
216
3
-96
6

2,136
390
75
386
20
20
-88
54
141
27
125
818
167

189

100

Asia and Pacific
Australia
China ..
Hong Kong
India ...
Indonesia
Japan .
Korea, Republic of
Malaysia
New Zealand
Philiooines
Sinaaoore
;i ;a "
Taiwan
Thailand
Other
International
Addenda:
Eastern Europe 12
European
Union
OPEC3 .
* Less than $500,000 (±).

D

Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.4.
2. See footnote 2, table 11.4.




-133

9,319
1,448

8

A4
125
1

-113

902
903

116
-3
(D)
64
(D)

n
0

n

n
3
0

n
n
0

1
1

0

1

17

n

312
P)

72
2
0

p)2

8
1

(

i

( }

D

10

8n

n
0
0
0
0
0
0
0
0
0
0

15
-10
2
16
7

13
2

3
2
1
0
0

59
(D)
(D

305
148
45

338
113
13
4
10
9
28
3
3
-10
53
-27
122
16
2

fl
fl

?!3
11
29
1
P)
37
3
1
6

n

o>

0

(

0

•30
-3
0
0
0
0
0
0

50

362
0
0
0
362
0
0

259
8
1
1
248
2

202
(D)
-2
1
65
(D)

1
0

0
0
0
0
0
0
0
0
0
0

46
0

0
-1
2
4

134
4
71
(D)
-2
P)

8
2
2
3
1

39
0
1
24
14

41
P)
6
15
(D)

—1
-1
0
0
0

4
4

24
6
5
14
«

n0
1
0
0
0
1
0

1

1
1

177
177

2

n2

?!0

(

'l

<20

17
-18

212
-76
(D)
50
12

907
20
6
263

-2-3S

3
107
-17
92
5
19
384
19
16

3
2
1
P)
-1

(D)

(

2
440
12

(D)

n

a£!

28
8
0
0
19
0
1

T

3
(D)

-3
1
P)

-234

-27
1,208

n

'l
1
n

-3

p)
1

43

0

(

7

0

(D)

2
-4
-148

100
-27
101
12
5
1
-16
15
9

23
1
0
15
7

n4

0

(D)
-121

n

n

8PI

<3
113

-27
59
-2
1
1
(D)
-90
-2
0

^5

?!

0

•3
68

n

n

82

n0
C)
383
143
(D)
55
-3

(

S
43
25
9
13
12
11
4

n

0
15

n

1,068
60
(D)
385
P)
456
-15
-15
11
17
90
30
-6
5

n

a
-2
-1
6
17

n

-469
-470

n0

A

2,327
2
11
2,208

n

-5
34
44
4
301
-3
76
6

-24
P)
-69
-9
2
P)
-17
28

n

0
43

-1

n
-11

fl
31

Q34
82
P)

fl

127
-6
2
195

(D

l

21

a
$-1
n

3
-1
1
-8
19
-13

64
1
36

fl2
1
0

5
16

90
P)

12
3
1

(P)

^

Q

(

l

13
0
0
2
10

52
0

30
39

5

p]

41
4
14
2
21

27
6
15
-1
7

54
52
4
-25
3
7
-62
-1

1
137
P)
-79
0
-65
29
-10
2
-11

-5
49
23
7
0

%
-4

a
387
203

n
47

P)
-8
-110

93
-9
P)
58
-9
4
45
25

n

769
188
0
234

n

-8
152
5
73

23
11
5

n

1
9
83

-54
2,861
355

6
859
57

-5
1,993
83

3
52
16

-9
-331

11

3
-1

(D)

-75
113

-21
371
75

-7
1,335
38

3
493
51

9
4,012
2

-851

30
-206

49

3. See footnote 3, table 11.4.
NOTE.—In this table, unlike in the international transactions accounts, reinvested < arnings are shown without a
current-cost adjustment.

IJO e August 1994

SURVEY OF CURRENT BUSINESS
Table 15.1—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing

All industries

807

Ail countries
Canada ....

2,751

Europe ....
Austria .
Belgium
Denmark
Finland
France .

-9,169
(D)
-365

a

-44

Germany
Greece
Ireland .
Italy
Luxembourg
Netherlands .

13
328
282
150
-4,093

8

.

Africa
Egypt
Nigeria
South Africa
Other

Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
Taiwan
Thailand
Other

. .

International
Addenda:
Eastern Europe l
European Communities (12) 2
OPEC3
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 11.1.

D




Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

729

626

-20

136

-2,281

1,504

-1,004

237

-4,917

130

293

369

P)

P)

-23

333

P)

152

0

210

P)

P)

1,085
-3
-7
112
-2
(D)

-1,016

P)

14

208

1,159

-36
-1
-139
P)

528

P)
-13
0
49

135
0
0
0

-9,102

J3
%
119

-2,647
-207

-210
-309

-16
37
246
-115

13
111
345
16
274

8

ft
8
()

p)30
p)

54

-3

T

P)

D

76
(D)

-59
34
11
26
-34
-1
4
-99
-2

48
39

32

5

-22
-3
27
-6

260
13
2
17
217
-12
23

(D)
0
2

4,165
-94
16

8

-952

Q
T0

n

15
157
4,472

fD\

J2P)

-47
(D)

P)

-283
-363
-258

-10
260

5
331

87
(D)
118
P)
298

292

2,847

201
104

209
(D)
0
0
-2
221
(D)

P)
(D)

-13
i
-9

P)
-58
(D)

1 a
1
P)
28
39

n

52
-25
1
(D)
12
-29

-1

-15

13
-9,571
64

(D)
983
121

366
-73
-6

q

-1
490
-23
-27
P)
-3
-93
126
95
1

42

n0
0
0
0

P)
(D

^

0

P)

-3
P)
2

n4

34
10
P)
0
6
17
P)
7
P)
0
0

P)24

0
P)

3
3n
2

"
8
P)

P)

0
0

P)
P)

82

202
-15
-2
P)

0

B

p)
n
36

a
2
P)

P)
0

-4
P)
45

n
p)

-2
1
6

fl-9
P)

«0
0
P)
-618
0
37

-30
0

&
%

104
-7
P)

°0

3
P)
11

-239

75

a
0

P)

P,

P)

-261

148

a
<r!

-20
15

n
n
119
6
-2

15
<3
P)

P)

0

27

-39

55

-20

-9
-25
17

P)
2
P)

P)
14
7
-1
P)

i
i 1^

T0

10

P)
0

"o

T0
ID0

-81
0
0
0
-81
0
0

36
1
P)
P)
37

ri

36
0
0
0
36
0
0

196
0
0
0
0
196
0
0
0
0

0
0
0
0
0
0
0
0
0
0

P)0

P)

0
0
0
0

0
0
0
0
0
0
0
0
0
0

-21

5
-1
0
5
0

p)

P)

^

0
0
0
0
0

-62
-61

.3
53

118

(D0
0

0

(

2

p)32
(

8

-6
-14

3
1
0

-3
3
0
P)

a
-5

§
0

^

0

(

1

fl T
8 fl
(

'l0

3

ap)

S

136
-71

P)
-2
-42

0
0

3n

-121

B0

P)
19
0

P)
"o

1
P)
-2

8
0
0
0

1
0

P)
P)

(D

0
1

P)
P)
P)1
P)

P)
-28

-97

n0
146

^
3
-19
^0

T
P)

-A
-8
P)

8P)

n
11
P)
-5

0
0

P)
P)0

-147

P)
26
-2
7
-11
-6
-3
-42
P)

30
0

-S0
-32

-4,2

103
0

2
P)
2
P)
94
0
-4,333
-6

77

3,814

0
0
0

262

(

S

p)
P)

0
0
0
0
0
0
0

-39
0
0
P)
-2
-53
P)

77
0
C)
0
P)

3,592

«0
0

3
3
-22
-3
P)
36
P)
39

28
167
P)
P)
0
P)
P)

p)

n
16

33
-9
16
33

-410

-131

P)
18
P)
28
8

a

-15
0
P)

a

6

8

a
aq
8
0

14
0
0

«
-4
P)

aB

0
P)
4,413

P)
-24
P)
-5
3
-5
58

fln

fl0

-23
-11
P)
-14
P)

3

-85
0
0
0
-85

30

20
14

T0

3
-6
0
P)
-1
0

(

^

0

«0
0

p)0

0

0
0

1
0

-4

-220

0

37
14

-763

8
9n
P)n

178

-24

P)
0

'l

P)
-60
0

n
117

S
0

a

-331

<3 Jn 1 $ 1a11
p)
a
d n
-1

13
-29

P)
-6

(

2

8
-2

300
5
269
17

35

9
201

0
2
-43
-1
99
P)

102
(D)
-3

n

3

P)

272
112
95
197

85
(D)
33
1,009
-9
46
1,954
160
-59
108
120
(D)

Other
manufacturing

Wholesale
trade

1,077

P)

-497
-130

Transportation
equipment

1,769

450

-304

Electric
and
electronic
equipment

1,944

419

-405
-398
-257

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

Machinery,
except
electrical

4,096

-25

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

Primary
and
fabricated
metals

-14
-28
(D)
45
448
21

JS

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

Chemicals and
allied
products

163
191
73
-4,490
20

-924

Latin America and Other Western Hemisphere

Total

Food
and
kindred
products

12

1,712

-492

Norway
Portugal
Spain ...
Sweden
Switzerland
Turkey .
United Kingdom
Other

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

Petroleum

-243
-360

25

-17
P)

«c

-812

0
0

n

ia
20
-34
9
P)
-24

8

fl
1
12
7
P)
0

-102

P)
-411

-264
-203

-65
6

n

510
16
0
105
P)

aB

9
P)
P)

0

fl
23
P)
19
4
P)

2,879

a
0

8
-46
P)
P)
154
5
P)

32

n
18
P)
181
P)
44
51
P)
-11
P)

fl32
22
10

«
fl

ap)
P)6

0
P)
14
-63

8
-fl
(D
l
0
-4
P)

P)
0
-28
0
P)
P)
-134

-17
0

-88
7
0

P 6
fi §«

-59
-4
0
P)

2
28

13
-3
-1,067
6

0
345
-5

0
9
P)

0
195
2

-383

2. See footnote 2, table 1 1.1.
3. See footnote 3, table 11.1.

-4
146
P)

-2,448
P)

0
1,080
-8

-eS
-46

0
135
0

0
-9,215
-31

0
-19
23

n

493
-7

SURVEY OF CURRENT BUSINESS

August 1994 ®

151

Table 15.2.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1991
[Millions of dollars; inflows (-)]
Manufacturing

All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

-3,313

-2,335

2,408

543

426

-256

1,241

31

-116

538

891

30

-5,866

847

Canada ..

-1,589

20

-1,467

-41

161

26

P)

159

P)

141

41

P)

-218

17

P)

Europe ,
Austria
Belgium
Denmark
Finland
France

2,974
153
476
55
-32
918

-1,517
-5

3,822
P)
97
-9
-15
884

451
4
58
-4
0
P)

208
-1
20
P)

-308

1,438
P)
-12
P)
P)
P)

116

1,322
166

595
-4
20

25
0
0

3
0
40

-1,535
8
P)
P)
0
-118

682

1,242
P)
P)

0
-82

255
-6
35
P)
-28
-49

0
P)

1,846

8

968
0

-73

1,023
0

8(
1

.

34

All countries

. ..

.

Germany
Greece
Ireland
Italy ...
Luxembourg
Netherlands

2,165
23

,. .

Norway
Portugal
Spain
Sweden
Switzerland
Turkey .
United Kingdom
Other

-55
42
812

8

179
-231

-9
-80

-8
1,027
94

-3,981

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

-162
-225

-52
-33
-24

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

295
-50
-2
5
376
-17
-16

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
Africa
EaVDt

Nigeria..
South Africa
Other .

'.""".

"T

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other ... .

-166

-152

5
-549
-260

102
55
P)
-144

.

. ..

International
Addenda:
Eastern Europe l
European Communities (12) 2
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.2.

D




348
127
(D)
-44
-137

104
3,357
173

3
-5
-31
5

0

-2
P)
53
-4

flP)

-179

'I

1
P)
11
2

-18

140

37

32

34
P)
P)

(D)
-51
-92

-59
-65
-23

P)
2
24

-32
(D)
-20
49
-12

2

24
13
12
P)
-5

(D)
-2
-12

n

8
8

75
51
P)
P)

461
19

-9
P)
0
P)

3
<S
n
»6

P)

-18
32
694
2

-655

335

a
a

9
(D
^
P)

^
-,§

93
-17
P)
-54
(D)

-326
-116

-50
-1,248
65

5

-4,114
107
-66
-1,539
19
57
-1,032
(D)
-1,538
(D)

-746

a

-14
(D)
662
(D)
158
(D)
441
16

-154
-381

Latin America and Other Western Hemisphere

Asia and Pacific
Australia
China .
Honq Konq
India .
Indonesia
Japan .
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
ji
,» "
Taiwan
Thailand
Other

-693
-445
-100
-922

%

11
-38

-58
-78

49

-822

(D)

34
P)
265
2
6
-16
276
12
-16

P)
P)
0
0
6
-4
0
P)

fl
-1
-7
-6
-3
14
40

-87
(D)
-630

8

22
-8
P)
-34

S

-26
-5
201
2
32
9

P)
-272

-108

§
13
3

n

-15
40

-8
«30

a
fl
-11

-32

i°|
fl
3

3
fl
n

-42
0
0
0
-42
0
0

-48
0
0
0
-48
0
0

80

0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0

3
311
0

T0

3
^-8

"i

-2
-4
-2
0

P)

38

0

0

20

P)

8P)
n

90

a

98
70
P)

-6

R

9

-126

4
P)
-33
4
54
-393

n
40

8

96
109
-42
P)

0
0

P)

fln
0

fln

-31
P)
-8
P)
165
32

31

P)
0
0
0
0
3
0

a a
8

0
23

-77

0
2
-3

P)
P)

a 9
R a a
? a
i
a
an
p)
p)32

0
0

P)

a

P)

1
21
19
P)
P)
-1
10

6

(

0

P)

3

0
0

0
—2

n0

"

ih

"a

a
0
0
-3
0

2
0

<3

P)

a

34

-ffl
fl

3

-38
-9

2
284
47
0
P)
P)
P)
P)
606
P)

-S
469

159

-9

-6

-2

-4,174

198

30

-S
3
3
P)

-63
-11
-64
P)

P)

0
0

-66

(D)

P)

0

P)
0

P)
0
0
0

P)0
0

fl
0
0
0
0
0

8

'?
3
30

p)

3

P)
-2
5

P)
-63

n8n

fl14

0
0
0
0
0
0
0

30

-15
-4
-20
36
-3
137
-6
0
P)
P)

P|

P)0

0

(D

-3

P)
-12

(Dp
^

l

-2
0

3
(
i
(
pi

3
-3

ap) i

0
P)

p)
n
%
p)

0
0
0
0
0

585
151
P)

7
0
0

P)

-2
5
P)

8

-13
15
5
12
-11
61

-177

0

-321

P)

fl

-161
1
-11
-2
-3

3
8

0

-149

8
P)
435
86
8
-25
-9
75
22
4
P)

flp)
0
8
0
0
0

a

5a
3
«
-63
0
P)

-S
-14
P)

-4,045
P)
11
-1,518

8

-1,226
2

0

(

'l

22
-36

3
fl

n
p)0
0

n

a
31

P)
p)
P)
200

-1

-2
46
P)
13

8
-67

3

P)
-17
76
P)

n

11
P)

75
0
0
0
75

0

2
n

n

-6
0
0
P)
P)

3
30

-46
-20
-25
-2
0

37
P)
16
0
P)

p)

-3
P)

2S

8

201
0
-96

3

-165

14

9

-19

0
0

(

n

60
0

n
P)
n4
P)
P)
n0

(D)

63
-1,461
3

0

P)

0

-26
P)
P)

-62
P)

0
0
0
0
0

o

-177

57
P)
613
P)

-169

P)
-8
6

-23

166
P)
P)
P)
P)
-1,663

3

^

3
P)

a
a6

34
0
0
0
P)

D

470
P)

-5

0

87
P)
P)
160

9

P)
149
9

P)0

18 a
47
37
0

8

P)
3

a

. 3

n
16
n

P)

3

0
0
0
0

75
-61
P)
-23
4
P)
P)

P)
31
P)
-81
259

0
4
P)
0

^0

4
4
0
0
0

-206

0
0
0
0
0
0
0
0
0
0

(D0

2

n0

0
3
P)

fl

-16

711

p)44
fl

-108

P)
P)
-563

-3
-1
-1
P)
-53
P)

34
3,773
86

1
627
-3

0
224
P)

0
-357

-11

n

1,445
36

2. See footnote 2, table 11.1.
3. See footnote 3, table 11.1.

32
93
1

1
1,159
P)

0
581
8

P)
740
27

0
25
P)

0
-1,610
P)

0
725
P)

P)
1,165
13

August

SURVEY OF CURRENT BUSINESS

Table 15.3.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1992
[Millions of dollars; inflows (-)]
Manufacturing

All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

-202

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Other
industries

Services

12,090

1,414

733

1,031

-65

-1,200

1,412

705

1,178

-47

5,392

205

Canada

1,806

-143

976

70

338

P)

-57

P)

P)

367

105

P)

574

-50

P)

Europe
Austria
Belgium
Denmark
Finland
France

5,140
102
159
22

730

808

531

-521
1

125
P)
-10

336

-8

$
-5

670
10
-4
17

.£

323
-14
P)
24
9
P)

886

S

836
95
179
0
0
P)

-21
0
0
0

9
(D)

-45
-1
P)
P)

483

a

2,217
99
P)
103

586

-68
14
-54
-6
2

800
3
-63
37
-49
399

601

104

217

(D)

0
-1
-28

-1
12
(D)
(D)

All countries .

Germanv
Greece ...
Ireland
Italy
Luxembourg
Netherlands

. .

. .

-ft

-36
-42
(D)

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

347
30
675
18
1,549
15
1,589
92

. . ..

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

...

-117

-165

8

-11
(D)

-286

16

8

3,203

8

221
79
66
163
P)

-S

68

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

-710
-350

Other Western Hemisphere , .
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

3,692

-1
18

200

Egypt

.

...

Middle East
Israel . . . .
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hono KonQ
India
Indonesia
japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other

-18
(D)
-4
56
3,564
70

1
49

-89

-27

J2
-S
8
P)
11
571
432
-87
-439

-71
52
299

. .

International
Addenda:
Eastern Europe *
European Communities (12)2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.3.

D




-123

B

a
1

254
P)
11
-70

(D)

(D)

105
2,976
460

a
476

P)
-2

§

32

P)
P)

pi

0
6
691

-28

3

3

p)
<ri

-478

-94

-79

11

-77

P)

P)

8
3

P)
-11

-38
-16
-27
0
0
0
0
5
0

29
1
24

?

131
7
101

n

6
4
0
(D)
-3
3
(D)
0

fl

B
8
17
(D)

(D)

«
2
0

(D)
18
(D)
12
(D)
606
(D)

P)
-1
-103

"o

&

a

124

3
()

a a

16
(D)

0

n

21
7
P)
6

24

P)
3
P)

-576

^

-12
0
P)

3

-285
P)
1
-7
-251

(D71

-17
0
-2
-3
P)
-6

e

P)
22
(D)

-615
4

8

p)
p!(°)

-4

a
a

afl
P)

(D)
-62
10
24

-13
35
-3

D

8
S

231
28

«D0

-237

-151

8

-1
(D)
-1

-$ -£
4
186
5 -231

1,268

l

J33

10
-2
-111

a
aP)

(

82
0
(D)

-1
P)
(D)
-5
-9
22

-386

Africa
Nigeria
.
South Africa
Other

2,415

-372

35

a

-2
(D)
241
-34

3
p)

-209
-119

-37
1

(D0)
0

(D0)

-1
0
0
0

P)

(

i

n
-34
0
-36
(D)
-2

p]2
0

{D

l

0
P)
-3
5

a<3
25
8
(D)

1
'3
0

P)

0
0

-55
-41

n

-12
0
4
-13

<r!
n
0
-4
9
0

0
0
D

0

pi

30

0
1
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0

0
0
0
0

-8
0
0
2
-10

-1

p)
-27

3
11
P)
P)
135
-1
8
1

0
4

(P)

^

-2

an
-2
P)

q

0

P)0

0

3
0
0

3

£

-543

-13
P)
-37
-2
P)
-52
-4

26
0

-155

0
0
0
-155

0
0
0
0
0
0
0
0
0
0
0
0

31
30
-1
2
0

0
0
0
0
0

-210
-27
P)

260
1
19
P)

0
0
0
0
0

^n
-141
-59

3

3
3
P)

aP)

-52
P)
-46
0

194

-112

8
J2

-126

P)

"o

(D }

0
P)

3
3
S0

«

76

-19
P)

-1

-2

a a

p)0

3

n0

245

0
P)

-557

87

pi
(
°l
3

49
4
P)

P)
-4
P)

30

-ifi

30

-8
P)

0

SP)
n

a
8
10

-72
7

3
P)
33

-285
P)

-15
P)

P)

112

-29

3,904

P)

-17
8
-5

P)

%
44

3
P)

a11

P)

n
-6

0

15
38

4

-28
-1
1

P)

8

P)

p)0
p)

(D

o>

1
-2

-2

3

30

a

-2
-14
0
135
5
0

9
aP) a
p)
0

3
0
0
0
0

0
0
0
0

P)

40
0
0

-2
P)
-1
7
P)

0
0
0
0
0

688

p)

S
14
0

P)
P)
9
3

-68
-5
0
17
2
-77
P)
0

3

3

3
-5

8

-111
22

•fl

1

<3-1

3
77

-18
P)

0

P)

P)
361
P)
P)
460
-55

23
-3
P)

33

-4
2
0

(

-161

-31
0
0

c!n aa
a J3 a

8

P)

P)

-24
37
P)
13
P)
4

20
0

P)

-29
P)

0

0
0

a

-13
0
4
0

3,900

0
0
0
0
0

n

(!)

31
(0

-29
0
P)
0
P)
P)
0

-48
-44

p)
-4

^

P)
-21
7
0

92
3

a

(D

3
P)

26
1,302
P)
527
P)

3 pi
3 a

•8

0

21
23
14

-103

'ai

'3
-2

0
0

()
105

P)

P)

-39
0
0
0
-39
0
0

0

n (
p)
8 i(n°) ni
T

%0

a

1,532

1
P)
0
0
2
-8
0
P)
(

1°]

-5
0
0

-123

-8
P)

3
P)
-2

S
3
(
30
104
114
11
311

Pi

-497

P)

38

a
a

5
P)
-114
P)

3

p)
p)

p)3

-46
0
-21

-4
10
P)
52

n
-5
0

n

103
4
4
P)
-4

3n
0

a

107
-141

P)
30
0
3
P)
P)

n

-78

11

2
P)
3
P)
592

14
1,944
(D)

P)
710
(D)

2
526
P)

0
-58
13

J3
-25

2. See footnote 2, table 11.1.
3. See footnote 3, table 11.1.

-3
107
5

P)
744
27

3
407
-5

2
186
14

0
-28
0

ja
-69

0
127
8

-2
639
P)

SURVEY OF CURRENT BUSINESS

August 1994 • 153

Table 15.4.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1993
[Millions of dollars; inflows (-)]
Manufacturing

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland ..
Italy
Luxembourg
Netherlands

,

. .

Petroleum

10,882

.
. ..
*..

Food
and
kindred
products

Total

Central America
Costa Rica ..
Guatemala
Honduras
Mexico
Panama .
Other

-933

-38

-424

-648

-868

-93

D

-92

D

31

836

7,272
P)
95

293
P)
-42
183
(D)
9

-1,036
-156
-240
-86

144

-500

56
-1
22

-895

-288
P)
21

-784
-148

8

2,001
18
42
74
(D)
-930

B

-44
-44
-3
-222

-fi
1,293

8
47
(D)
-148

(D)
-5

P)
-42

-816

I."....."

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

P)

398
(D)
25

90
(D)

.'.:."...."....'...;

-227

718
487
-32
30
35

-761

Africa
Eovot
Nigeria
'.....'.
South Africa
Other

33

706

«
8

8

-17
10
41

45
0
6

8
4
8

2,892
-23
45
593
19
(D)
2,007
(D)
198
(D)

264
1
P)
111

24
(D)
-55
(D)
269

77

n
p)
(D6)

8

Asia and Pacific
Australia ..
China
Hong Kong
India
Indonesia ..
Japan
Korea Republic of
Malaysia ...
New Zealand
Philippines
Sinoaoore
r.
.S r
Taiwan
Thailand
Other

604
163
165
377
3
-114

13
31
171

.. •
,
. ..

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.4.

D




8

-54

-S3
4
-68
D
( )

^

-145

(D)

3
D

()

fi

n

52

Sp)

(D)

(D)

265
5,704
-80

-fi
-63

-413

233
(D)
75

3
-181

a
23

49

9

a

-14
(D)
-2
3
1
7
D
()

T
3
-11

8

-5

n

&
i

-11
4
ft
-28

0
(D)
-47
-11
(D)
-43

()

-1

T
-20

89
(DD)
()

-2

0

-17
1
1
D
( )
-39
19
0

17
13

0
D0

(°)

3

-48

8
4
0

ft

a

p)

-10
-1
-5

-6
0
0

-4

n

-22

-3

n

P)
%
21

(

D
(( )

D

16
54
2

30

3
1

(D)

ft

P)
105

5
10
D
()
0
3
0
D
()
-4

P)
8

3
0

-6
•10
2

-2
0
0
-102

556
0
( }

D

0
-7

26
0

a
72
72
0
0
0

l

n

fi
0

fi12

n

-141

118
0
3
-32
P)
50
0

-2

a

-48
-53
P)
-13
0

955

81
21
-28
-48
1
P)

-626

8
132
0
-55

P)

60
71
P)

P)
3
21
-9

-102

0
-786

0
0
0
-786

10

P)
P)
P)

0
0
0
0
0

3
24
5
0

n0

P)

p0

^

fi
fi0
-6
4
-1
P)
-14
4
P)
3
0
0
0
2

"o

P)

8
-4
0
P)
P)

8(
l0
40
-24
-1
P)
P)
3
-5

n
-1
2
7
-1
6
0

549

-448
P)
P)

P)

.a
3

136

8,116
82
162
18
0
-578

-82

33

474

-238

77

-330

18
3
-7
0
P)

a

-171

P)

-188

-68

10,606

37
0
0
P)

-7

fi61

-22

P)

1 fl
109

Services

45

804
P)

0
0
0
0
0
0
0
0
0
0

-4

-40

Banking

Finance
(except
banking),
insurance,
and real
estate

-231

28

1
2

2
0
0
0

3
80

Wholesale
trade

-2
-21
129
54
-62
4
58
-13

-681

0
0

0

P)

372
110

0
-3

30

n0

-51
(D)
(D)

81
148

i?
-107

25

•20
{

ft

P)

0
0
0
0
0
0

0
0
0
0
0

ft

-28
P)
-31
P)

0
0

a
a
9
0
0

-133

0
0
0
0
P)
0

-1

0

3

J8( )

0

D0

0
0
0

§
%

-25

8

0

(D)
(D)
-5
0

-35
(D)

-3
82

23
(*)
0
1
22
0

0
D0

23
65
16
(D)
-316

(DD)
()
0
(DD)
()

3
PI

-153

30

a aP)
a aP) S 1

P)

0
0
D0

-24

-105

1
a
8 fi
a a In T
(
1
T
1 ()
(D )
^ p
()
^
()

0

-S
%
-34

1

ft
11
-69
-4

19

82

279
(D)

()

19

-837

9 1

-568

-22
310
104
15
-45

51
-930

311

(D)
46
71
100
(D)

....

p-6n

-4

2,995

24
(D)
2

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

914

67

-84

-615

„

Other
manufacturing

-1,929

«fi
259

. . . . . . . .

Transportation
equipment

408

(D)
1,056

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru . .
Venezuela
Other

Electric
and
electronic
equipment

1,964

-760

Latin America and Other Western Hemisphere

Chemicals and
allied
products

Machinery,
except
electrical

-309

-1,522

Norway
Portugal
Spain
Sweden . .
Switzerland
Turkey
United Kingdom
Other . ...

Addenda:
Eastern Europe l2
European Union
OPEC3

All industries

Primary
and
fabricated
metals

n
-1

T
T0

3
0

<3 fia
'<]

T
fl
T
(

1
-2

3
-109

n3

-4
501

8

-54

P)

419
286
43
57

"ft
0

0

1
8
0
0
0

-27
P)

(DP)

^

0
0

0
0
0
0
0

-2
1
-2
2

R

(

0

-1

-18

P)

36

2

10

p)31

2,791

29

-15
11
P)

a
fi

-27

8

0
0

%P)

a

10

p]
a
P)
6
0
P)
18
3

P)
214
P)

0
-1
0

(D-1

24
0

-7
-5
0

(D }

24

3

-44
-72

p,

-13

P)
P)
-31

1
P)

p)

18

3
2,069

74
P)

8

-30

a9

-51
-43
-1
-4

l

(

fin

2,780

177

0
0

fi
?!0

-105

30

-32

(

-273

65
0
0
P)
-4
69
P)

3
an 3P) a

an

2

134
0

29
P)

0
0
29
0

484
180

-6
-44
-120

80
&

0
7,025
P)

3
P)
30
P)

-11
-770

315

Other
industries

417

§
P)

0

-69
P)
-5
P)

-32
18
3
-2
217
113
P)

T

^

P)
P)

o

a

-544

-60

(

'i

-27

8 ?!
P)
1

P)

-50
-1

«3

-588

3
53
P)
P)
P)

-48

60
-953
-100

23
97
7

.fi
-5

3

-fi

2. See footnote 2, table 1 1.4.
3. See footnote 3, table 11.4.

23
P)
2

a

-102

P)
1,226
1

n

-241

P)

0
37
0

P)
7,068
113

0
-422

19

-4
454
P)

SURVEY OF CURRENT BUSINESS

154 • August 1994

Table 16.1.—U.S. Direct Investment Abroad: Income, 1990
[Millions of dollars]
Manufacturing

All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

4,816

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

1,623

58,004

9,869

24,774

2,522

5,671

1,140

5,389

1,401

3,836

6,779

380

12,830

1,748

Canada ....

4,793

489

2,637

341

599

173

296

112

512

604

302

55

801

125

383

Europe ....
Austria .
Belgium
Denmark
Finland
France .

32,647
308
1,597
234
94
2,494

4,708
34
43

630

3,865
-4
-3
-2

368
33
-1
1
P)
38

2,293
P)

60

2,547
P)
88
6
6
406

4,127
116
349
103
78
558

-416

40

1,388
8
70
39
0
181

3,428

R

14,519
171
857
50
P)
1,689

8,081
-17
237
20
0
158

1,395
2
P)
3
2
102

234
3
P)
1
-4
21

Germany
Greece
Ireland .
Italy
Luxembourg
Netherlands

4,509
69
1,433
2,070
177
4,117

740
3
(D)
41
4
300

3,149
12
834
1,527
74
1,152

222
0
45
110
0
183

165

1,032
0
8
-9
1
12

325
1
204
P)
38
91

217
12
89
249

336
-3
437
200
90
1,591

88
5
P)
43
P)
578

119

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

815
161
1,424
315
4,423
102
8,237
68

790
5
32
3
383
(D)
2,184
-17

16
37
1,163
287
237
29
3,239
(D)

0

14
65
116
10
1,036
18
587
23

(*)
(*)
9
2
2

£9

_H

P)

P)
3
-20
6
2,554
0
2,482
P)

5
25
90
11
141

n

9
P)
56
P)
75
2
955
0

All countries

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

.
...

Other Western Hemisphere
Bahamas
Barbados
. . .
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
Africa
Eovot
Nigeria
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

.

Asia and Pacific
Australia
China
Hono Kono
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
PhilioDines
Sinaaoore
;i ;a "
Taiwan
Thailand
Other

Addenda:
Eastern Europe1
European Communities (12)2
OPEC 3 .
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.
2. See footnote 2, table 11.1.

D




568

3

n

h1

n

41

472

351
11
442
307
P)
518

197
0
18
27

857
0
76
P)

8

176

n

135
P)
P)
9
277
0

P)
88
3
27
6
582
-1

3
(*)
37
2
16
3
155
0

-1
847
0

1
14
-33
-5
29
2
26
P)

n

492

4
1

n

40
-10
1
76

T0

1

10
397

n
488

1

-75
-140

40
-5
-12
16
-11

934
-4
71
15
-470

(

l

23
P)
18

45
5

8,685

605

3,348

397

752

199

-14

109

853

1,052

627

472

3,209

72

351

2,685
405
1,427
337
342
29
-122
152
115

220
98
13
P)
136
21
P)
28
27

1,666
206
1,090
87
197
7
-9
81
7

139
-2
67
7
56

106
P)
64
21
P)
3

-60
P)

79
-2
77
P)

327
-15
303

3
n

122
18
31
P)
9
4
17
27
P)

181
70
18
72
3
-3
3
2
16

385
-1
238
146
-2
1
0
4
-1

26

0
P)
0

720
-5
572
32
42
P)

2
9

354
40
250
6
56
-2
-19
24
—1

87
8
38
-3
-3
-2
P)

2,981
41
21
-8
1,850
1,075
2

117

1,564
31
14
13
1,488
41
-23

248
10
7

346
11
P)

P)4

293
P)

59

224
1
-1
4
135
85

-3
0
1
1
-3

n

8

980
0
1
3
108
867

18
1

fi
fl

45
0
0
0
45
0
0

3,019
438
163
2,067
162
170
-932
105
789
56

269
P)
23
28
4
6
-1
(D)
10
19

118
3

10
0

52
3
0

282
37
95
69

294
126
P)
0

1,845
206
26
1,964

28
1

902
407
197
163
135

514
361
180

1,071
132
454
133
352

n6

1
9
78
22

n

29
62

R

n
n
2
2

n

<]

1

28
P)
-11

6

0
4

T

164
6
6
108
44

18

P)

500
4
10
131
355

240

-1

%

n

9,677
1,888
-20
1,200
78
1,886
1,722
269
469
78
227
1,127
341
358
54

2,983
516
-62
36
-8
1,752
98
-1
309
27
P)
142
1
P)
38

3,865
829
19
331
42
19
1,221
77
106
19
156
709
197
131
10

378
104
1

230

71

-11
26,522
2,853

(D)
3,464
2,100

R

0

n2
5
11

0
0

fl
164
31
1
2
42
6
11
P)

n

0

n

fl
P)0

0
0
0

1

-244

T0

fl0
p,
0
0
27
0
P)

n0

P)
0

0
0
0
0
0

'*?

0
0
0

0
0
0

n0

(

23
1

p)

P)

14

53
1
0
46
7

TP)
0

n2

1
1

P)76

0

P)
0
0

708
368
6
P)
21
9
111
23
7
7
55
7
59
21
P)

113
39
-2
P)

l
16

n

<2

2

0
0

1
15
8
P)
2
3
4
g

n

0

n0
1,188
50
2
57
17

n
543
-2
P)
2
0
396
43

n

T
(
i
P)

724
29

ifl
-1
-3
107
-6
74
9
33
287
54
18
f)

0
-11
0

8
-1

526
0
0
0
526
0
0

308

0
0
0
0
0
0
0
0
0
0

25
0

P)
2
1

6
4
0
1
1

R

304
P)
-4

8

20

(D

^

fi

(

ci
n

n
:

i!

-957
2
594
9

0
32
1

138
P)

33
0
0
26
7

27
12
6
4
4

17
15
5
0
-3

68
1

1
-1
0
0
0

R

R

61

14
0
P)

225
9

173
87
P)

581
153
P)
111

(

i

75
1
0
-5
0

1
0
0

0

n

P)
207
22
16
23

81
P)

15
-2

1,635
282
47
503
3
P)
382
94
28
P)
23
126
92
37
2

fl
238
-7

0

82
37
11
-191

98
17
P)
39
83
34
P)
30

•3

64

R
2

446
45

n
91

-1
-2
227
6
9
-1
P)
34
5
3
P)

«i1
0

-1
8
2

8

5
11
1

(

P)
82
8
0
-30
108
-6
3
182

«0

°4

n
p*
-3

R

-1
-1

2
-1
2
P)

19
10
1
1
7

94
1
0
P)
P)

22
3
-3
-6
28

9
3
2
P)
P)

115
46
P)
65
3
5
-14
-1
-1
4
P)
24
6
7
0

394
178
P)
92
1
P)
-2
-4
2
41
27
9
6
11
P)
159

P)
13,784
273

0
1,274
6

3,389
196

0
605

n

0
3,598
7

P)
319
-4

n

2,162
-9

0
2,437
76

1
2,832
72

P)
-538

62

0
5,531
216

1
1,222
37

n

226
93

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

155

Table 16.2.—U.S. Direct Investment Abroad: Income, 1991
[Millions of dollars]
Manufacturing
All industries

A l l countries

. . . .

. .

Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

.

.

.
.

.

.

.

.

.

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other
Latin America and Other Western Hemisphere

Petroleum

Food
and
kindred
products

Total

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

20,133

2,929

5,893

729

2,821

1,053

2,687

4,022

5,969

250

12,137

1,463

1,836

16

1,702

367

229

19

266

38

575

209

150

-7

888

257

201

27,963
303
1,692
189
17
2,171

4,537

11,883
180
1,093
55
9
1,412

1,428
3
42
50

4,123
4
891
P)

588

440
48
-11
-9

2,333
P)
40
P)

£U£

671

.Q

3,833
62
225
68
-6
438

-62

7,118
P)
192
18
0
80

956
1
96
P)
1
P)

185

28

1,221
P)
113
0
0
34

-549
3

2
43

1,751
-2
-6
-2
3
36

4,693
30
1,556
2,256
192
3,609

817

329
13
538
424
P)
429

184
0
22
14
7
58

381
0
39
P)
1
P)

282
6
1
349
2
519

-50
P)
-9
P)
14
-8

355
3
617
134
71
1,767

102

-19
1
P)

454
5
231
225
P)
142

52

286

301
-2
52
117
0
87

P)

3

3,133
17
902
1,470
92
846

962
138
1,210
155
3,216
88
5,427
57

916
5
9
-2
23
(D)
1,946
-45

15
5
976
116
157
54
1,328
22

n
n

0
P)

P)

30
2
613
P)

T1
23

'3

0

-1
273
(*)

26
55
13
9
1,238
32
490
23

n

28
2

8
1
127
P)

7
6

85
18
P)
P)
373
1

25

-285

8

-355

i

n

n

16
119

n

811

3,141

718

790

453
202
-6
P)
155
25

1,155
62
729
-10
207
9
-17
170
6

338
37
184
P)
72
2
P)
25
8

341
37
234
18
52
-3
-11
14
-1

Central America
Costa Rica
Guatemala
Honduras
Mexico ....
Panama ..
Other

3,267
27
8
-7
2,267
955
17

135
4
-4

1,900
34
11
12
1,803
52
-12

371
14
6
P)
352
P)
P)

404
P)

Other Western Hemisphere
Bahamas .
Barbados
Bermuda
Dominican Republic
Jamaica .
Netherlands Antilles
Trinidad and Tobago ,
United Kingdom Islands, Caribbean
Other

3,201
306
239
2,016
171
132

223
22
22
5

85
5

8
1

45
4
0

International
Addenda:
Eastern Europe J
European
Communities (12)2
OPEC3
4

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.2.
2. See footnote 2, table 11.1.

D




Other
industries

10,299

2,525
500
931
321
374
30
-17
276
109

Asia and Pacific
Australia
China
Hong Kong ..
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
.
...

Services

3,208

8,993

Middle East ....
Israel
Saudi Arabia
United Arab Emirates
Other

Banking

Finance
(except
banking),
insurance,
and real
estate

52,087

South America
Argentina
Brazil
Chile
Colombia
Ecuador .
Peru
Venezuela
Other

Africa
Egypt
Nigeria
South Africa
Other

Wholesale
trade

P)34

34

n

17
93
26

n

130
1,073
20

"s
9

30
23
2
1
21
3

1,143
324
642
158
19

836
286
617
(D)
P)

141
4
17
96
25

978
115
472
140
251

361
5
13
104
239

232

9,316
749
-12
1,540
58
1,785
2,293
70
505
130
232
1,138
414
408
8

3,502
521
-45
99
P)
1,631

3,035
640
14
218
33
18
1,017
-82
116
1
171
600
222
62
6

487

236

-40
23,164
3,294

-50
3,571
2,352

-888

18.

46 1

*

320
64
P)
234
6
P)
-27

q
n

n
n
2
1
1
0
2

2
341
P)

fl18
1
1
P)
0

33

P)

fi

1
17
P)

11

{nn

i

P)

(D

l

0

0

383
89

603
196
4
39
16
6
169
-24
12
9
61
3
81
25
5

8n
163
34
1
-4
67
4
8
7

n

86

-15

P)
-361

<20
-1
8

0

n

T

44
P)
0

69
0
0
0
69
0
0

n

41
P)

(E

2

0
0
0

P)0
0
0
0

it

10
0
0
0
0

00
0
43

<2

39
3

n
48
20

1
31
fl16
P)
27

Tn
(D
^
0

0
0
2
0

P)2

<12

8

92
21
-2

1,043
80
1
50
14

Qn
6

P)
-1

&
P)
12
1
0
369
41
P)

n

"o
3

267
-7
-1
3
171
100

-11
0
-1

774
0

63
1

139
-5

30
0

259
34
165
49

671
152
P)
0
8

P)
0
-1
P)

34
3
0
-26

0
0
0
0
0
0
0
0
0
0

3
1
(*)
2
0

18
9
2

n

149
28
45
P)
P)
-2
P)
6
37

310
8
4
P)
300
2
P)

n

10
7
0
3

n

n

n
n
24

35
0
P)
27
P)
P)

-1

<1

-1
0
0
0

T
n

421
29
-8
43
-1
P)
40
-39
63
2
21
218
52
2
P)

-68
45
P)

561
179
5
51
2
P)
212
24
26
P)
18
2
32

0

(

i

-47
P)
0
P)

4
2
0
0

518

313
32
122
153
-2

658
0
0
0
658
0
0

43
1
0
0
42
0

28
25
9
-1
8

2,881

1
6

i

P)
0
-5
11

145
11
73
35
4
-6
3
4
20

546
-30
474
P)
38
3
P)
63

1

3
38
40
11
123
P)
202
9

805

886

0
54
0

P)
8

810

950
292
-1
207
P)

(

fl15

284
157
-31
58
21
3
22
50
5

57

2

^

28

n

8

P)

30
159
-2
41
32

(D
117
P)
191

p]
9

19
12
1,631
0
2,195
12

53
P)
726
0

3
1
2
0
0

1
1

1

3
-1

fl

n
n

n
P)11

-763

8n

-1
6
3

3
118
651

n

1,794
86
21
1,919

8

-762

512

n
P)10

2
525
2
58
1

n

P)

n

$

-60
2
P)
2
-1
P)
P)

25

n
n
n

8

17
1
11
1
4

-8

8

1,112

-53

942
95

-246

P)
506
P)
P)
502
60
37
-62
28
91
110
47
6

-340

1
229
55
18
232
97

47
33
32
28

n

310
i

n

379
-2
11
-5
P)
104
14
P)
5

8
2

1
-3

42
3
17

3
54
250
13
P)

230
5
0
42

52
1
0
3
48

<i

P)
0
P)

n

-25
165
1
2

13
12
1

-1
0
P)

4
22
2

i10

191
-19
P)
51
3
P)
88

n

8
54
24
8
0

8
587
98
0
127

n

96
79
-3
P)
154
P)
8
5
P)
-11
251

P)
11,330
352

1

1,368
46

n

4,054
150

0
562
13

n

1,629
10

P)
371
3

1,073
57

0
2,273
74

3
2,449
100

9
-651

79

n

5,456
P)

1
831
29

P)
179
P)

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

156 • August 1994

SURVEY OF CURRENT BUSINESS
Table 16.3.—U.S. Direct Investment Abroad: Income, 1992
[Millions of dollars]
Manufacturing

All industries

Petroleum

Food
kindred
products

Chemicals and
allied
products

and

Total

Electric

Primary

Ma-

and

chinery,
except
electrical

fabricated
metals

and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

49,123

7,443

18,830

3,187

5,975

717

1,144

1,096

2,427

4,284

5,707

2,245

11,587

1,467

1,844

2,653

101

1,396

326

461

90

46

17

242

213

259

-92

891

189

-91

20,869

2,099

352

2,874

-10
85
67
8
387

198
-2

aS

22
6
12
11
238

-107
-2

5,804

(°)8

955
P)
81
0
0
78

2,278

4
482
3
7
647

-39
-5
6
-3
3
-215

248

-36
18
(D)

1,468
6
30
13

3,880

167
1,072
121
42
1,499

9,143
200
621
23
23
1,191

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

2,757

426

187
2
48
98
0
104

338
12
622
502
(D)
468

66
0
20
19
9
47

-167
0
66

98

433
0
-3
-40

444
6
214
P)
P)
214

109
0

4
220

1,398
21
1,034
1,361
124
797

Norway
Portugal
Spain
Sweden
Switzerland
. .
Turkey
United Kingdom
Other

743
153
873
-19
2,199
143

11
-15
731
-54
430
79
1,232
-65

0
8
-9
7
(D)

-43

680
5
-10
9
89
(D)
703
-45

365
(D)

P)
-23
29
16
659
18

5
P)
76
-8
70
P)
645
-7

11,864

712

4,292

817

4,252

420
129
32
P)
154
-1
(D)
48
24

2,262

413
86
198
(D)
64
(D)
-1
36
9

All countries
Canada .
Europe
Austria
Belgium
Denmark
Finland
France ..

.

...

87
1,841
1,822
204
3,113

.

...

4,095

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

518
2,336

379
411
9
30
488
80

.3

Central America
Costa Rica
Guatemala
Honduras . . . .
Mexico
Panama
Other

3,607

917
32

24

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other

4,006

194

Africa
Eavot
r".?/r .
Nigeria
South Africa
Other

.

211
22
-31

98
2
8

2,455

.

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
..
Australia
China
Hong Kong
India
Indonesia .
Japan
Korea, Republic of
Malaysia .
New Zealand
Philippines
Singapore
Taiwan ....
Thailand .
Other
International
Addenda:
Eastern Europe l
European Communities (12)2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.3.
2. See footnote 2, table 11.1.

D




719
297
1,929
216
125
-417
161
944
31

a

-25
(D)
5

222
1,439
26
205
9
-11
365
8

1,937
45 .
15
15
1,815
42
4

94
-3

fl50
«
-5
26
6
177
3
32
90
51

397
(D)
10

&38

n
7

!J
(

i

1

0
2
45

1,170
343
620
156
51

745
292
566

1,029
222
256
259
291

459
4
23
218
214

243
164
74
5

n0

0

0

11,254

3,209

3,579

2,219
-29
1,855
66
1,509
1,954
143
663
210
374
1,373
416
436
65

727
-94
89
-10
1,312
361
4
(D)
66
P)
121
7
240
-2

692
28
253
28
17
921
19
214
14
258
900
172
59
3

527
126
14
(D)

284

119

-121
17,636
3,222

8

-32
1,413
2,156

n

hP)
3
3

fl

224
35
1
-5
95
3
7
18

n

n
14

28

fl

«
(D)

3
(D)
1
57

n

68
25

n
-84

P)

2
(D)

2
1
33
-38
42

B1

%
0

-339
-4

(°)8

1,011

134

-75

26

1,262

581
98
330
11
52
-2
-6
99
-1

86

-31
1
-39
2
6
P)

609
1
434

395
(D)

n

376
(D)

36
-4
0

fl16
1
-5

-116

8 -%n
-19
«
-7
3
0

T

0
0

(D0

^

D

( 0)

0
1
(D)
D
( )
2

(D0)

T

1

0
0
D0

0
0

0

0
0
0
0
0

( 0)

26

n

T

n0
1
0
0
0
2
0

4
25

fl

K8

21
4

<31

71

9
(D)

1
1

149
144

«0
0

<30

531
200
-6
48
19
-2
51
-9
13
8
112
-10
78
27
3

105
24
-1
(D)

1
15
2
(D)
<J
6
4
D
( )
_•)

1,186
65

(

1

10
2
490
2

1

0
615
16
P)

0
142
0

0
0
0
0
0
0
0
0
0
0

27
2

0

1

2
0

n

21
-5

1

-1

653
0
0
0
653
0
0

T

•3

&1

54
3
0
0
52
0

0
0
0

P)

0

6
1

10
650
14
3
87
-1
2
8
19
163
3
16
269
50
18

n

3

20
160
24

-2
-30

«J

859
-3
110
-14
1
-66

311
13
34
252
4
453

133
29
P)
5
19
3

299
P)
761
146
62
1,367

82
11
3
89
P)
314

11
76
-63
13
689
2
542

P)
32
157

25
4
P)

n

66
23
-672
45

898

720
31
546
13
43
3
4
80

236
78
19
76
22
6
-3
30
7

349
11
6

405
P)

-5
0
-1

3?7

3
153
P)

1,117

n

P)

n

8
8
n

-71
P)
-43

796
0
2,109
7

36
P)
14
121
P)
83
8

P)
15
50
-6
8
P)
97
6

1,495

3,667

137

662

428
42
339
17
P)

700
32
488
130

25
9
-1
P)

182
6
19
100

(-1

0
-2
6
P)

8

901
0
1
4
160
736

51
1

220
P)

40
10
1

283
5
2

2,066

61
1
9
27

260

n

n
fl16

8n

^

35
P)

n

8

n

18

fl

258
17
250
-3
-1
32
4
0
-41

1,072
616
1
0
3

8

508
1

0

-3

8
5
0
2
1

44
0
1
28
15

42
12
8
11
11

12
10
4
0
-1

79
1
9
4
65

30
24
1

85
0
0
P)
P)

n
n0

10
10

35

16
0
P)

152
37

104
P)
14

20
P)

0
0
-40
56
P)

p

i
-53
-63
0
0

n4
3
0
0

49
0

a«.

-1
2
4

(

l

0
620
208
4
79

8

187
33
12
8
30
13
15
21

n

n

0
25
2
1,599
185
P)
576
4
10
412
16
P)
-13
20
71
181
57
6

n
n
n
445

87
21
1,890

n

-446

n

2

in a
3

n4

P)
P)

P)
922
175
-1
241
41
20
-30
114
33
6
28
171
27
50
47

993
157
-1
470

fl

230
5
9
5
P)
28
35
13
8

148
9

84
P)
5
-1

<1
9
-5
10
0

804
273
7
163
0

(

3

-13
3
129
P)
16
-1
8
2
166

-88
8,518
500

5
1,203
68

-4
3,828

162

0
305
15

-4
-38
8

P)
234
6

6^
144

-7
2,170
97

P)
2,162
87

11
-253
56

1
4,950

151

1
655
113

P)
190
159

3. See footnote 3, table 11.1.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994 • 157

Table 16.4.—U.S. Direct Investment Abroad: Income, 1993
[Millions of dollars]
Manufacturing
All industries

Petroleum

and
kindred
products

Chemicals and
allied
products

Primary
•and
fabricated
metals

Food
Total

Machinery,
except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurance,
and real
estate

Services

Other
industries

56,623

8,557

20,289

3,672

5,954

565

1,030

2,006

2,631

4,431

6,533

3,838

14,307

1,598

1,501

4,005

861

1,822

298

434

27

-128

32

700

458

149

-32

1,112

119

-25

24,264

2,653

7,336

3,438

21
77
61
-8
348

d

£

1,809
13
-5
-4
7
76

-3
34

ifi

1,150
-5
142
-6
1
-96

174
-3

383
_<
8
615

32
P)
-17
0
0
47

7,349

155
350
8
19
780

296
P)
5

3,734

15
20
P)
3
(D)

276
1
-2
4
1
18

-111

224
905
110
12
1,292

1,596
2
30
12

Germany
Greece
Ireland
Italy
Luxembourg
Netherlands

2,954

539
P)
P)
87
4
118

1,468
21
1,087
695
116
472

257
1
69
40
0
128

244
12
780
317
P)
108

99
0
28
11
3
25

256
0
-2
1
P)
14

526
7
203
71
37
162

288
-4
182
34

87

380
31
513
194
62
534

81
P)
28
66
P)
311

110
0

-42

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other

762
172
79
-64
3,419
228
8,763
-46

652
6
-2
P)

84
44
15
-99
236
153
1,772
-41

P)
31
110
4
P)
15
380
10

2
P)
36
-16
41
22
816
P)

3
,.$0

-11
P)
-25
-9
4
P)
86
28

All countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France

. . .

104
1,856
1,077
239
2,177

fl

1,131
-109

1
-43
-3
2
-364

n
n

1
0
36
200
4
125

41

-17
-1
P)
P)
34
3

4
1
-39
-21
16
-1
-21
-9

5
-1
69
23
23
5
117
P)

i:!

85

n

-25
56

0
P)

P)

n

770

11
13

n

ifl
31
1,168
40

3,951
30

-134

_2

Q
fi
-21

-6
1,609
1
470

P)
47
-222

26
14

41
243
21

-5
36
55
17
318
-2
185
7

-29

-115

1,867

P)
/S

9

P)

-SP)

14,496

704

7,058

1,088

1,302

141

852

301

1,883

1,492

660

790

4,557

95

632

South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other

6,691
615
4,720
282
382
11
18
559
105

458
131
70
P)
131
6

4,737

619
118
339
18
76
4
2
53
9

634
116
392
14
61
-1
-5
57

90

8n
T(

840
8
821

254
P)
220
3
6

1,294
2

1,005
78
812
-8
36
1
4
83

177
-20
107
21
21
3

446
86
303
P)

32
14
-4
13
1
0
-1
7
2

221
48
10
95

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other

3,727

51

92
30
14

0
11

47
1

154
P)

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

4,078

Latin America and Other Western Hemisphere

.

Africa ...

Sypt
Nigeria
South Africa
Other

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand .
Other
International
Addenda:
Eastern Europe1
European Union2
OPEC3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.4.
2. See footnote 2, table 11.4.

D




2,469

1,082
39
146
173
3,029
238
44
-295

66
645
31

51
3
0

%

l

8

Ap
l

8n

14
0
0
0
14
0
0

46
8
0
0
37
0
1

589
0
0
0
589
0
0

417
9
5
1
400
2
1

232
P)
-2
1
80
P)

14
0
-1
1
2
12

1,072
0
1
4
142
925

46
-1

n

198
-6
2

164

5
0
0
0

91
2
0
P)
8
8
1
1
P)
0

0
0
0
0
0
0
0
0
0
0

-3
0
0
0
0
0
0

1
0

0
0
0
0
0
0
0
0
0
0

69
0
0

251
20
111
P)

330
30

2,864

16

257

0
-1
2
5

23
-10
2
24
8

23
2

11
5
2
3
1

47
0
1
31
15

T16

76

8
P)
P)

-1
-1
0
0
0

5
4
1
0

37
6
7
21
4

620
214

1,906
94
P)
649
P)
14
663
28
33
22
31
126
134
67
5

fl71

p,
-1
P)
P)
21

11,570

576
P)
3

p

196
P)
P)
13

853
257
249
119
227

22

464
P)
12

-7
233
9
-1
348
9

4
22
-16
30

775
202
544

;i

2,157
43
20
P)
1,979

365
3,782

B11

1,187
243
608
175
160

n

0
11
0

621
-9
451
128
16
0
0
27
8

10
3
2
P)
5

0
2
1
0
1

184

53

fl95

fl6

P)

P)

270
4
19
80
166

269
196
73

3
2
1
0
0

3,620

2,185
84
2,094
70
1,222
1,782
227
649
192
421
1,720
435
403
88

3,177
548
-58
118
-4
1,151
507
4
311
49
5
308
4
221
13

249

117

8

'

8
836
96
569
32
34
331
98
182
33
247
921
208
30
2

634
187
64
P)

(

'l

207
40
1
P)
92
3
5
8

n

8
0
0

681
269
13
20
17
17
81
7
19
-8
98
-26
137
35
2

-2

1
0

n
-3

fl0

P)
P)
P)
2
0
133
0

(

3

1
0
0
0

1

0

0

24
1
0
16
7

3
2

n2
-1

1
1

177
177

n0

T0

<20

89
31
-1
P)

393
39

1,198
33
6
381

n
13
8

1
1
1
P)
3
2
1
P)

S12
1
-189

-3
P)

(

3

481
12
P)

•3

164
-9
104
6
27
439
29
16

n

5
63
-2
1
1
P)
-66
4
0

1
2
«2

n

fl2

n

s
1

P)

133
58
36
10
28
21
22
10

n

n

29
15

P)
2
0
20

n

47

P)

3
-17

n
n0
6

n

n

46
28

•3

2,803

fl44

-304

fl2

n4

3
S
39

fl
(

1

34
P)
P)
4

-3
289
6

1
283
2

2
7
0

3

36
17
P)
0
P)

94
P)

18
9
1
1
8

34
0
0
3
31

59
0

143
41

811

8

45
-5
16
2
22

30
6
15
1
7

1,118
203

1,052
219
0
256

171
70
4
38
4
9
-41

§25
215
P)
173
0

n

291
P)
21
-22
99
45
P)
71
208
39
59
50

P)
89

17

n

-8
327
7
75

29
13
8

n
n

-5
55.
23
10
0

n

17
-10
2
60
P)
19
-3
3
9
132

-49

-115

-104

19,729
2,769

2,082

6,828

1,825

496

10
1,444
92

-5
3,372

140

3
204
22

-9
-103

12

P)
215
1

P)
-20
133

-21
1,717
96

-6
2,107
78

6
1,686
91

9
6,089

105

1
819
58

30
117
116

3. See footnote 3, table 11.4.
NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes
and without a current-cost adjustment.

SURVEY OF CURRENT BUSINESS

August 1994

Table 17.—U.S. Direct Investment Abroad: Country Detail for Selected Stems
[Millions of dollars]
Direct investment position on a historical-cost basis

1989
AH countries
Canada
Europe
Austria
Belgium
Denmark
Finland
France
Germany l
Greece
Ireland
Italy
Luxembourg
Netherlands

....

.

Norway
Portugal
Spain
Sweden
Switzerland
Turkey
. .
United Kingdom
Other
2
Azerbaijan
Croatia3
Cyprus
Czech Republic4
Czechoslovakia5
Gibraltar
Greenland
,
Hungary
Iceland
Kazakhstan 2
Liechtenstein
Malta .
Poland
Romania
Russia2
Serbia3 4
Slovakia
Slovenia3
Union of Soviet Socialist Republics6
Uzbekistan 2
. ..
Yugoslavia7

1992

1993

1989

1990

1991

1992

1993

56,623

498,991

548,644

37,604

30,982

32,696

41,587

58,094

53,929

58,004

52,087

49,123

70,711

68,832

70,395

1,268

3,902

1,337

2,213

2,394

6,501

4,793

3,208

2,653

4,005

189,467
962
7,710

235,163
1,268
10,611
1,940
386
21,569

246,228
1,378
11,115
1,676
364
24,709

269,156
1,384
11,552
1,797
336
23,565

23,679
33
669
P)
P)
1,584

10,194
54
746

17,882
92
742
-29
83
3,628

27,637
233
1,169
163
110
2,163

32,647
308
1,597
234
94
2,494

27,963
303
1,692
189
17
2,171

20,869

1,267

19,563
130
1,411
219
-76
2,737

30,023
53
660
181
3

16,443

214,739
1,113
9,464
1,726
544
19,164

24,264
224
905
110
12
1,292

23,673
210
4,665
11,221
1,560
19,160

27,609
282
5,894
14,063
1,697
19,120

32,411
306
6,471
15,085
1,734
20,293

33,578
372
7,686
13,899
1,783
20,142

37,524
424
9,575
13,920
2,314
19,887

2522
-80
793
1,657
65
3,112

1,626
33
926
1,219
-129
-2,004

4,832
14
537
1,508
-3
1,654

1,594
75
1,230
1,192
118
-1,719

4,744
82
1,761
1,346
644
934

3,530
56
1,286
1,408
182
3,129

4,509
69
1,433
2,070
177
4,117

4,693
30
1,556
2,256
192
3,609

2,757

3,447

4,318
1,034
8,088
2,323
25,682
545
79,819
1,282

3,824
1,225
8,345
1,887
29,190
674
82,641
1,741

4,353
1,162
6,437
1,802
32,901
1,023
96,430
2,770

-1,029
P)
979
-4
1,269
93
11,825
P)

-43
P)
460
279
5,314
149
-202
P)

112
193
-29
162
930
144
4,665
424

-235

1,605
105

(D)

4,209
897
7,868
1,787
25,099
522
72,707
974

738
130
1,501
275
3,805
49
7,672
35

815
161
1,424
315
4,423
102
8,237
68

962
138
1,210
155
3,216
88
5,427
57

26

40

39

10

343

67,722

0
P)

5

8

2
189
31

P)
19

119
26

342
P)
0
-2

362
3
-1

385
P)
32
8

4

6

63

(D)

a

4

s

^

254
30
P)
345
P)
191
16
160
P)

6

P)
3
1,001
34
P)
325
13
256
25
230

3
pi

141

18,297
(D)
383

-8,378
P)
6,123
427
3
P)
P)

n

68
(*)
26

%
3,936
1,541
-42
699
1,739
6

8
81

22,262
661
763

-5,072
510

5,397
455
4

8
8

32
1
P)

1
18
1
P)

3,650
1,231
-401
775
2,045
1
P)

4,427
1,246
529
868
1,784
6
P)

P)

2
P)

«

P)

291

-126

36,448
4,733
494
25,668
779
892
-2,072
565
5,315
72

a186

2
31
1
P)

4,440
1,337
301
879
1,922
49
P)
-101

2
263

3
P)
0
2

%1

29
P)
29
8

-36
P)
178
9
86
P)

4

2

58

fl

5
-4

35

32

83
17
105

2

40
1
0
1

1

-14

-49

n

P)

P)

-1

a

0

P)

n0

n

8
3

n

-75

fl-4

P)

3
P)
19
-9
-11
15
-50
9
1
-1

0

0

fl29
P)
5
3
P)

15,003

9,245

8,685

8,993

11,864

14,496

5,345
939
3,304
168
137
222
-5
435
146
68

4,061
43
3,505
303
82
26
-131
111
122
10
1

2,685
405
1,427
337
342
29

-6
-25
-21

2,525
500
931
321
374
30
-17
276
109
26
2
5
3
35
37

4,252
518
2,336
379
411
9
30
488
80
13
2
11
4
14
36

6,691
615
4,720
282
382
11
18
559
105
18
1
7
6
21
52

28,966
385
138
223
15,413
12,575
232
P)
104
P)

1,299
31
14
11
1,652
-430
21
2
14
5

2,611
43
10
3
1,926
612
15
P)
21
P)

2,759
-37
-16
-2
2,321
527
-34
2
-3
-32

1,844

3,607
211
22
-31
2,455
917
32
1
23
8

3,727
92
30
14
2,469
1,082
39
1
33
6

42,049
4,194
644
28.153
1,020
1,077
20
693
6,054
195
5
-13
P)

4,392

5,580
-32
111
1,431
P)
283
3,885

1,541

6,939
473
191
2,980
130
137
3,437
55
-86

29,131
3,864

22,493
4,577

4

n

3,942
558
2,037
191
299
12
-3
692
155

28,065
4,004
252
20,169
529
625
-4,501
485
5,929
574
3

Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
Antigua and Barbuda
Aruba
Cuba
Dominica
French Islands, Caribbean
Grenada
Haiti . ....
St Kitts and Nevis
St. Lucia
St. Vincent

8
p)

152

12,725

25,863
275
115
239
13,723
11,329
182

175
12
83
80

6

761

n

174
5

7,194

23,939

12,501
10,484

-14
P)

2,893
367
890
174
33
49
-44
1,245
179
52

20,415
251
130
262
10,313
9,289
169
P)
90
P)

8,913
94
11
67
16

31

P)

1,951
379
876
520
77
-32
-83
177
37
18
2
7
2
18
-9

158
316

8,264

3
p)2

-1
P)

10,141

28,360
3,399
16,343
2,655
2,436
294
620
1,977
636
122
P)
P)
49
139
261

417
107
255

8

0

9,094

90,671

24,607
2,831
14,997
2,069
1,876
321
492
1,427
594
185

213
111
251

%

3

0

112
P)

141
6

2

3

-43
P)
0
9

3,404

77,677

22,933
2,531
14,384
1,896
1,677
280
599
1,087
479
196
4
7
44
134
95

17,846

P)

4,095

762
172
79
-64
3,419
228
8,763
-46
P)
0
13
-12

30,921
4,355
16,908
2,869
2,542
511
631
2,295
809
196
P)

71,413

21,806

8

3

96
3,683
296
13,886
1,145
P)
0
10
8

743
153
873
-19
2,199
143

2,954
104
1,856
1,077
239
2,177

101,936

62,145

46
147
184

9
p)

-667

87
1,841
1,822
204
3,113

P)

P)

1,412
1,660
301
813
932
448
184
2
3
42
116
101

7
0

-534

167
1,072
121
42
1,499

3

P)

2,215

1
0

174
1,252
-18
2,922
134
6,068
575
P)
0
-18

127

123

-3

14,025




1991

467,844

1,297

,

1990

69,508

21,144

,

Income

1989

430,521

(D)

.. .

Capital outflows (inflows (-))

1993

63,948

Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
Belize
El Salvador
Nicaragua

Africa
Egypt
Nigeria
South Africa
Other
Algeria
Angola
Botswana
Burkina
Cameroon

1992

381,781

6,500

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile .
Colombia
Ecuador
Peru .
Venezuela
Other
Bolivia
French Guiana
Guyana
Paraguay
Suriname
Uruguay

1991

1990

B

n

114
2
35
1
P)
2

5,297
1,374
527
925

2,472

32
277

59
3,014
583
-152
-41
-102
32
10
61
2

-61
-37
-502
P)
277
3,814
P)
817
-116
-2

8n
(11

i
fln
-554
42
-214
-375
-7

8
fl

-fi
145

P)

11
91

-225

41
2,797
143
144
-695

-2
-551
-110

a
2
44
81

-147

5
-16
1,334
660
8
P)
P)

-378

an a an
12

(

l

§
-450
-292
-423

78
186
-6

8
A

0
13

n
-1
P)
n

-16

75
-28
887
110
-894

5
P)
fl

12

fl
$
-87
65
-271

118
2
43
P)
24

n
-52

8
15
13
41

3,710
108
32
13
2,472
1,035
50

an

5,949
-435
140
2,833
181
197
2,115
122
675
121
1
128
P)

n8
1
3

(£j
913
-10
232
94
597

a

-51

n
15

5

8

-122

152
115
25
2
-2
3
P)
P)

30
15
22
1,417
929
11

2,981
41
21
-8
1,850
1,075
2

16
-5

%
P)

3,267
27
8
-7
2,267
955
17
1
21
-6

2,761
63
123
2,652
147
254
-1,309
75
701
55

3,019
438
163
2,067
162
170

3,201
306
239
2,016
171
132

4,006
719
297
1,929
216
125

4,078
146
173
3,029
238
44

-888

-417

-295

2,423

n

8

-932

105
789
56
1
P)
P)

n
12

n5
n
n

0
-1
8

775
286
200
122
166

%
fl

130
1,073
20

Sn
13

161
944
31
1
P)

?,13

(

•30

n

i
n

902
407
197
163
135

1,143
324
642
158
19

1,170
343
620
156
51

fl10

<i

£!

a

1

s
43

66
645
31
1
8
-3

n

13
1
5
0
6
1
1,187
243
608
175
160
-24
P)
6

ft

SURVEY OF CURRENT BUSINESS

August 1994 • 159

Table 17.—U.S. Direct Investment Abroad: Country Detail for Selected Items—Continued
[Millions of dollars]
Direct investment position on a historical-cost basis

1989
Chad
Congo
Cote D'lvoire
Djibouti
Equatorial Guinea
Ethiopia
Gabon
Ghana ..
Guinea
Kenya
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mauritius
Morocco
Niger
Rwanda
Senegal
Sierra Leone
Somalia
Sudan
Swaziland

...

....

:

19
3
9
4
38
5
60
27
77

Togo
Tunisia
Uganda
Zaire
Zambia
Zimbabwe
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Bahrain
Iran
Jordan
Kuwait
Lebanon
Oman
Qatar
Syria ..
Yemen8
Yemen (Aden)9

40
P)
47
(D)
0
2
93
122
(D)
133
0
262
221
5
-2
2
2
3
35
2
1
16
P)

3,518
827
1,655
391
644
-65
P)

75

.

.

Asia and Pacific
Australia
China
Mono Kono
India
Indonesia
japan
Korea Republic of
Malaysia
New Zealand
PhilioDines
Sinaaoore
.
.. »
Taiwan....:"."...'.'. '.!
Thailand
Other
Bangladesh
Brunei
Burma
Federated States of Micronesia
Fiji
French Islands, Indian Ocean
French Islands Pacific .
Macau
Marshall Islands
North Korea
Pakistan
Palau
Papua New Guinea
Sri Lanka
Tonga
United Kingdom Islands Pacific
Vanuatu
Western Samoa
International
Addenda:
10
Eastern Europe u
European Union
12
OPEC

.

f|

.

'"....

1992

1991

P)
21
59

"o

2
355
116
P)
100
1
235
235

n3

3
-3
3
50
2
1
19
P)
10

3
42
6
33
31
92

3,959
746
1,899
409
905
-139

n8

B81
R

28
-13
20
P)
0
3
334
141
P)
99
1
193
232
4
1
3

357
3
2
19
P)
P)

8

-4
4
244
122
P)
88
2
203
268
P)
3

(

i




16
P)
11
P)
0

44

40
P)

QP)

-2
4
184
117
P)
104
2
209
275
P)
16
3

-8
-4
P)
17
-1
17
1
-3
-3
1

n
11
n
n
p)

3
94
2
2
13

77
3
2
13

R
-20

5
-7
1

5

9

3

3
21

46
6
39
28
91

30
7
35
35
109

8
54
45
132

4,963
826
2,303
416
1,419
-3

5,644
1,358
2,351
429
1,506

6,459
1,660
2,567
537
1,695
-114

3P)

514

-130

1
P)
11

fi

(

123
36
355
910

79,984
16,885
516
8,730
485
4,472
26,590
2,850
1,598
3,206
1,724
6,728
2,910
2,595
696
P)
42
45
P)

92,269
18,437
877
10,457
759
5,031
31,393
3,001
1,928
3,037
1,770
8,782
3,096

10
37
P)
4

7
42
4
4

n

7
1
-8
1
11
-473

-33
56
-99
-399

15

3
1

8
88

f|

72,219
16,072
426
6,656
415
3,826
25,403
2,900
1,774
2,949
1,395
5,363
2,666
2,025
348

6
21
13
2

6
27
3

184
3
43
12
4
-1
1
1

1#
4
-33
7
4
1
-1
1

2,962

2,535

2,684

3,193

3,132

216

(D)
160,988
6,217

127
180,491
7,145

307
199,361
9,729

743
207,170
10,779

1,746
224,587
11,853

P)
23,297

(D)

n
3
9
13
2

,»2
54
10
2
-1

n

n

g
55
P)

A5
193
9
4
-1
49
1

2

$

aP)
P)

n

254
P)
281
10
4
-1
P)

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. For 1989, this line includes only the Federal Republic of Germany. Beginning in 1990, it also includes the
former German Democratic Republic (GDR). This change has no effect on the data because there were no affiliates
of U.S. companies in the former GDR in these years.
2. Prior to 1992, data were included in the Union of Soviet Socialist Republics.
3. Prior to 1992, data were included in Yugoslavia.
4. Prior to 1993, data were included in Czechoslovakia.
5. Prior to 1993, included data for Czech Republic and Slovakia.
6. Prior to 1992, included data for Azerbaijan, Kazakhstan, Russia/and Uzbekistan.
7. Prior to 1992, included data for Croatia, Serbia, and Slovenia.
8. Prior to 1990, Yemen included only Yemen (Sanaa). Beginning in 1990, it also includes Yemen (Aden).
D

Capital outflows (inflows (-))

1989

1993

64,718
15,110
354
6,055
372
3,207
22,599
2,695
1,466
3,156
1,355
3,975
2,226
1,790
356
7
26
P)
P)

55,805
14,368
436
5,412
(D)
2,771
19,911
2,370
1,263
1,062
1,107
2,998
1,968
1,511

1
17

<

1990

P)
-12
P)
0
1
256
-2
P)
-19

-813

-4
5
1
-5

8n

n
P!
-8
10

q1

-29
4
11

515
-163

494
14
170
-73
-99
-6

35
-4
P)
P)

6,783
794
30
352

5
299

A
984

332
50
162
49
165
177
384

330
175
2,019
177
620
222
316
P)

10

n
n
1
162
n
25

a

8

-535

-13
-34

8n
2
11
1
1

n
1
-11
1
2

(

1

n
-104

&
1,277

31
-50
23
P)

.B
-2
4

fl
I

n
1
p)
-37

Income

1989

1993
D4

3
P)

-644

4,375
1,997
100
465

8
P)
8(
'1l

1992

1991

1990

1
-60
-20
P)

n

(

\
'i
fl
«?

2
1
-35
10
P)
10

n

-13
8
P)
12

R
1
0
1
-40
25

3
8
-7
_4

n

«2

<?9

?
312

209
270
-267

u8
479
228
10
P)

50
P)

-133
-132

404
136
1,190
184
517
222

137
1,734
78
216
26

p>

-10

9 'p)511

•3n*

-15

1

-43

8

8

-398

3

8n
-2
6

0

(

n
n

14

n2
1

2
1
22

1

50
252

8,973
2,006
-56
1,282
61
1,057
2,070
245
231
87
270
727
443
471
78
2
18
•j
6

9,677
1,888
-20
1,200
78
1,886
1,722
269
469
78
227
1,127
341
358
54
2
21
(*)
6

9,316
749
-12
1,540
58
1,785
2,293
70
505
130
232
1,138
414
408
8
3
22
P)

4
1
1
0
63
1
-51
3

7
1

n
n
1
4
2

n

iin

«2

-2
P)

"i

si1
-30
3

n
n
n

3

-5
-2
1
-5

8n

S|

5

11

8

-12

n2

4Z1

$i
<3>

n6
1

11
9
20

13
12
21

1,029
222
256
259
291
55
1
1
P)

853
257
249
119
227
52
1
4
39
3
23
1
43
61

i

53
68

11,254
2,219
-29
1,855
66
1,509
1,954
143
663
210
374
1,373
416
436
65
4
26

80
8

11,570
2,185
84
2,094
70
1,222
1,782
227
649
192
421
1,720
435
403
88
7
25
-9
P)

n
6

n

n

46
1
2
2
1

0
27
1
2
2
0

8

n

-2

51

152

745

144

154

230

48?

284

281
17,738
2,706

548
14,327
1,490

1,119
23,141
1,574

13
22,390
1,835

-11
26,522
2,853

-40
23,164
3,294

17,636
3,222

n

P)
-14
3
2
2
1
-4
4
P)
14

0

(

11
90
166

-3
34
32
-9

i 8
%
8 1 8n
o
?! n

49
1
100

'-5
<?

978
115
472
140
251
17
1
2

3
p>

-203

-8-5

1,071
132
454
133
352
-27
1
2

789
305
215
105
165
8

8,829
1,719
494
1,661
240
634
1,766
207
313

6
4
P)
17

«51 21

0

845
511
45
73
216
-35

7,265
1,401
50
1,914
52
834
627

-4
-4
P)
10

646
106
370
93
77
-18

521
94
224
24
180
131

3,854
1,061
40
474
74
413

-21
P)

n
15

n
n
n

1993

R

-7
1
1
1
-20
1
15
-2
11

14

P)
149

n

1992

P)

24
11
22

Q

n2

8n

1

4
15
-64
216

8

-2
-4

-5

-3
17

$
11

5
2
0
1
-47
2
P)
-6

15

-36
1
-8
8
23

8

R

-5

n

3 3
-1
1 jjp)1

1991

1990

8
-121

«
249

-115
19,729
2,769

9. Beginning in 1990, data are included in Yemen.
10. As of yearend 1993, Eastern Europe comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia,
Slovakia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. For additional information on geopolitical changes in
Eastern Europe between 1989-92, see footnotes 2,4,5, and 6.
11. See footnote 2, table 11.4.
12. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Prior to 1993, Ecuador
was also a member of OPEC; its data are included in this line through 1992.
NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes.

l6o • August 1994

SURVEY OF CURRENT BUSINESS
Table 18.-U.S. Direct Investment Abroad: Industry Detail for Selected Items
[Millions of dollars]
Direct investment position on a historical-cost basis
1989

All Industries

1991

1990

1992

1993

Capital outflows (inflows (-))

Income

1989

1990

1991

1992

1993

1989

1990

1991

1992

1993

381,781

430,521

467,844

498,991

548,644

37,604

30,982

32,696

41,587

58,094

53,929

58,004

52,087

49,123

56,623

48,325
25,311
23,126
2,186
15,765
10,721
4,873
171
5,442
1,806
915
444
184
263

52,826
26,341
24,670
1,671
17,855
11,765
5,911
178
6,956
1,674
893
256
210
315

57,742
30,352
27,928
2,423
18,765
12,153
6,283
329
6,723
1,903
1,104
251
248
301

57,487
30,607
27,838
2,768
18,378
11,483
6,478
417
6,673
1,830
856
227
253
493

62,409
33,320
31,024
2,297
18,925
12,063
6,682
180
8,349
1,814
804
145
235
629

-7,113
-3,319
-3,356
36
-3,101
-3,769
649
19

4,107
1,314
1,745

71
226
96
130

5,086
3,033
2,807
225
1,020
903
196
-79
1,073
-39

29
33

2,226
1,766
1,375
391
236
103
120
14
19
204
99
37
17
51

96

5,454
3,329
3,369
-40
1,144
857
247
40
761
219
55
78
15
71

9,869
6,693
6,676
17
1,597
1,097
460
40
1,294
286
123
55
18
90

10,299
6,751
6,572
180
2,089
1,055
986
48
1,090
368
152
59
19
138

7,443
5,400
5,230
170
1,001
480
447
75
832
210
11
47
20
132

8,557
5,300
5,235
65
1,776
1,063
695
19
1,294
187
33
9
22
122

147,944

170,164

179,230

186,675

199,457

17,201

16,536

12,914

16,858

19,083

27,034

24,774

20,133

18,830

20,289

11,890
3,235
2,639
596
2,532
6,122
349
400
1,726
3,648

15,570
4,175
3,183
992
3,076
8,319
507
494
2,326
4,992

17,148
4,478
3,682
796
4,336
8,334
301
731
2,699
4,603

20,196
4,922
3,989
932
5,554
9,720
305
988
2,994
5,434

22,579
5,600
4,432
1,168
6,635
10,344
261
769
2,763
6,551

169
-2,261
343
-2,604
870
1,221
124
52
415
630

6,109
848
375
472
5,443
74
71
274
5,025

2,205
478
575
-97
996
731
-66
222
318
257

3,303
830
595
236
1,202
1,271
-20
214
221
856

5,778
652
549
103
1,937
3,189
-20
232
439
2,538

2,295
574
410
164
705
1,016
21
105
275
615

2,522
652
536
116
660
1,210
64
137
179
831

2,929
600
536
65
1,003
1,326
14
253
409
650

3,187
603
523
81
1,264
1,320
24
194
383
719

3,672
714
615
99
1,616
1,342
-26
204
351
812

33,563
15,580
8,221
4,741
937
4,083

37,988
17,348
9,314
5,994
934
4,398

40,613
17,781
11,296
6,074
1,055
4,406

43,903
18,431
12,890
6,564
1,022
4,994

46,135
18,457
14,320
6,842
1,479
5,037

4,341
1,782
1,530
659
133
237

2,885
1,567
520
592
5
201

3,894
661
2,207
710
67
249

4,764
1,161
1,899
851
137
716

3,703
157
1,995
837
330
384

5,918
2,505
1,783
708
123
798

5,671
2,163
1,848
773
101
784

5,893
1,448
2,902
918
128
497

5,975
1,693
2,730
977
-8
584

5,954
1,505
2,501
1,220
140
588

8,175
2,091
375
1,715
6,084
1,395
1,183

10,520
2,958
401
2,557
7,562
1,858
1,451

9,515
2,800
387
2,414
6,714
1,475
1,781

9,486
2,914
397
2,517
6,573
1,390
1,860

9,922
2,485
727
1,758
7,437
1,253
1,870

1,489
223
5
218
1,266
271
563

1,965
792
38
754
1,173
260
225

-622
-243

516
116
7
109
400
46
249

672
296
470

1,541
458
17
441
1,084
144
314

1,140
190
25
165
950
232
361

729
-92
31

717
58
18
40
659
49
334

765

901

768

676

824

37

66

2,740

3,352

2,690

2,646

3,489

394

622

6

Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery ,
Office and computing machines
Other
Engines and turbines
Metalworking machinery
Special industry machinery
General industry machinery and equipment
Refrigeration and service industry machinery
Machinery, except electrical, nee

26,787
352
3,376
18,422
4,636
823
455
916
1,223
843
375

30,875
204
3,650
22,152
4,869
975
150
1,047
1,229
1,030
438

32,079
133
3,087
22,567
6,292
1,365
576
1,146
1,521
1,129
554

29,719
132
2,101
20,722
6,763
1,467
877
1,296
1,549
1,124
451

29,736
323
2,411
20,579
6,423
997
879
1,247
1,631
1,143
527

1,200
131
396
638
35
3
24
114

1,421
-86
212
1,364
-68
76

1,946
80

25
77

2
-9
127
56

939
1,125
437
365
35
153
86
48

Electric and electronic equipment
Household appliances
Radio, television, and communication equipment
Electronic components and accessories
Electrical machinery, nee

13,303
1,656
2,457
6,257
2,932

15,550
1,740
3,074
7,548
3,188

15,383
1,736
2,539
8,225
2,882

15,461
1,501
2,554
8,583
2,823

18,353
1,493
4,442
9,146
3,273

2,917
284
557
609
1,467

1,241
-36
326
777
174

353
220
346
846
-1,059

Transportation equipment
Motor vehicles and equipment .
Other

21,421
20,451
970

21,522
20,410
1,112

23,341
22,177
1,163

25,498
24,303
1,195

26,229
24,785
1,444

1,700
1,596
104

-552
-602

50

Other manufacturing
Tobacco manufactures
Textile products and apparel
Textile mill products .
.
Apparel and other textile products
Lumber wood furniture and fixtures
Lumber and wood products
Furniture and fixtures
Paper and allied products
Pulp paper and board mills . .
Other paper and allied products
Printing and publishing
Newspapers
Miscellaneous publishing
........
Commercial printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products
Instruments and related products
. .
Measuring scientific and optical instruments
Medical instruments and supplies and ophthalmic

32,807
1,982
1,597
947
650
851
492
360
9,418
4,299
5,119
1,451
20
1,034
397
3,269
2,205
1,182
2,058
7,421
1,262

38,140
2,869
1,761
1,070
690
1,056
501
555
9,954
4,593
5,361
1,603
16
1,212
375
3,357
2,422
1,405
2,765
9,120
1,878

41,152
3,767
1,971
1,270
701
1,158
578
580
10,936
5,109
5,827
1,463
20
1,119
323
3,480
2,955
1,868
2,847
9,056
1,839

42,412
3,842
2,280
1,077
1,203
1,279
685
595
11,212
5,140
6,071
1,813
16
1,487
309
3,453
3,164
1,465
2,615
9,489
1,768

46,502
5,117
2,198
1,537
661
1,271
789
481
12,128
4,178
7,950
1,877
49
1,463
365
3,646
2,803
2,109
2,941
10,512
2,372

5,724

2,564
3,595
1,371
85
1,286

3,189
4,053
1,826
87
1,739

3,454
3,763
1,652
12
1,640

4,257
3,464
1,801
7
1,794

4,156
3,984
1,901
-22
1,923

38,454
26,231
1,698
30
14,178
793
2,984

43,681
29,069
1,806
25
15,285
555
3,552

49,927
32,163
2,425
26
15,957
1,075
3,544

52,668
32,691
1,625
-36
16,919
1,124
4,274

553

542

648

668

Petroleum
Oil and gas extraction
Crude petroleum extraction (no refining) and natural gas
Oil and gas field services
Petroleum and coal products
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, nee
Petroleum wholesale trade
Other
Petroleum tanker operations
Petroleum and natural gas pipelines
Petroleum storage for hire
Gasoline service stations
Manufacturing

..

Food and kindred products
Grain mill and bakery products
Grain mill products
Bakery products .
Beveraaes
Other
Meat products
Dairy products
Preserved fruits and vegetables
Other food and kindred products
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap cleaners and toilet goods

... .

....

.....

..

Chemical products nee
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
Metal cans forgings and stampings
Cutlery, hand tools, and screw products
Heating and plumbing equipment and structural metal
products
Fabricated metal products, nee, ordnance, and
services

goods

. .... .. ..

Photographic equipment and supplies
Other
Leather and leather products
Miscellaneous manufacturing industries
Durable trade ..
Motor vehicles and equipment
Lumber and other construction materials
Professional and commercial equipment and supplies
Metals and minerals
Electrical goods
Hardware, plumbing, and heating equipment and
suoolies




-899

207
82
73
16
36

-208

-431

1,728
1,142
574
13
1,027
37
188
-214

-182

-319

-83
160
-378
-614

340
-111

-198

-227
-773

501
44
-185

257
101
-63
11
209

-134

n

-174

376
36
130

-123

822
143
393

565
-110

18
-127

675
57
342

-15

41

113

57

27

44

76

121

170

513

300

258

233

200

5,203

1,144

4,010
632
105
31
53
208
113
121

5,389
-14
168
4,709
527
54
28
92
175
97
80

2,821

470
112
202
128
92
-2
-62

936
133
-65
532
336
83
38
114
118
28
-45

2,646
444
99
26
102
143
80
-6

970
507
183
28
88
124
75
10

1,030
P)
(°)
711
289
108
2
28
103
27
22

908

1,712

-645
-175
-107
-833

8

-108
-161

8

126
564
355

895
766
203

2,028
141
677
785
425

1,401
152
403
585
260

1,053
144
349
408
153

1,096
107
277
739
-28

2,006
37
928
844
197

1,831
1,732
99

4,288
4,224
63

1,687
1,166
521

5,094
5,143
-49

3,836
3,740
96

2,687
2,625
61

2,427
2,342
85

2,631
2,498
132

3,467
582
94
118
-24
52
-18
70
821
327
494
97
-4
125
-24
208
93
36
336
973
239

3,305
680
102
66
36
9
-25
34
1,066
589
476
-37
-1
-52
15
314
170
493
36
434
-69

3,724
129
307
15
291
57
52
5
1,111
523
587
367
-4
386
-16
379
33
28
75
1,121
116

4,595
1,369
127
92
35
189
119
70
-18

4,816
574
245
86
158
58
15
43
1,058
235
823
202
-3
171
35
279
269
186
310
1,430
203

4,022
868
169
121
48
17
-15
32
608
6
602
160
-5
158
7
324
250
110
146
1,288
228

4,284
QQfi
yyo
212
145
67
32
39
-7
421

4,431
1,212
133
88
44
76
74
2
393

-111

-129

692
295
27
246
23
539
157
271
125
902
414

4,955
542
235
111
125
100
68
32
1,291
450
841
216
-2
181
37
473
335
238
357
1,004
167

88
143
1,277
140

522
225
-7
228
3
701
202
40
145
1,180
162

333
196
279
1
278

397
337
174
3
172

240
263
38
-9
47

1,033
-29
119
-1
120

392
96
641
-1
642

526
310
163
10
153

489
737
206
4
202

589
471
83
-4
88

658
479
56
-1
57

581
437
124
6
119

57,645
35,119
1,438
12
17,661
1,356
5,310

3,018
2,533
551
-14
810
99
273

2,385
749

5,150
2,240

5,218
3,191

-610

-154

6,198
4,054
532

435

4,778
2,264
543
5
1,081
220
81

-21
1,247
85
1,200

-4
2,419
191
418

1,877
245
460

6,779
4,228
359
-3
2,447
180
622

5,969
3,370
382
2
1,760
75
602

5,707
3,093
241
7
1,505
77
675

6,533
3,468
49
-2
1,988
73
717

677

84

-3

93

36

72

72

48

42

64

58

-813

100
65
36
65
62
2
4,517
3,909
608
365
2
258
105
230
288
90
230
374
-155

-150

-6
245
-303

-137

-152

-710

532
206
-4
210

&
249

SURVEY OF CURRENT BUSINESS

August 1994

Table 18.—U.S. Direct Investment Abroad: Industry Detail for Selected Items—Continued
[Millions of dollars]
Direct investment position on a historical-cost basis

Machinery, equipment and supplies, nee
Durable goods nee
Nondurable goods
Paper ana paper products
Drugs, proprietaries, and sundries
Apparel piece goods and notions
Groceries and related products
Farm-product raw materials
Nondurable goods nee
Banking
Finance (except banking), insurance, and real estate
Finance except banking
Savings institutions and credit unions
Business franchising
Other
Insurance
Life insurance
Accident and health insurance
Other
„
Real estate
Holding companies
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers)
Computer and data processing services
Computer processing and data preparation services ...
Information retrieval services
Computer related services nee
Business services nee
Services to buildings
Personnel supply services
Other
Automotive rental and leasing
Motion pictures, including television tape and film
Health services
Engineering, architectural, and surveying services
Management and public relations services
Automotive parking, repair, and other services
Miscellaneous repair services
Amusement and recreation services
Legal services
Educational services
Accounting, auditing, and bookkeeping services
Research, development, and testing services
Other services provided on a commercial basis
Other Industries
Agriculture forestry and fishing
Agricultural production—crops
Agricultural production—livestock
Agricultural services
.
..
Forestry
Fishing hunting and trapping
Mining
Metal mining
Iron ores
Copper, lead, zinc, gold, and silver ores
Other metallic ores
Metal mining services
Nonmetallic minerals
Coal
Coal mining services
Nonmetallic minerals except fuels
Nonmetallic minerals services, except fuels
Construction
Transportation
Railroads
Water transportation
Transportation by air
Pipelines except petroleum and natural gas
Passenger transportation arrangements
Transportation and related services nee
Communication and public utilities '.
Other communications services
Electric gas and sanitary services
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Eating and drinking places
Retail trade nee

,

1989

1990

1991

1992

1993

4,724
1,271
12,222
239
3,298
655
1,497
1,094
5,440

5,744
1,562
14,612
292
4,092
687
1,484
1,205
6,852

6,783
1,704
17,763
343
4,662
1,190
2,317
1,609
7,642

5.819
2,297
19,977
645
5,526
1,438
1,507
1,878
8,983

6,502
2,163
22,526
318
6,298
2,065
2,450
1,438
9,956

1991

1990

490
241
485
8

310
1,207

334
196
1,636
17
500
-71
15
151
1,023

90
151
2,514
63
566
516
113
365
892

-139

-31

-871

Income

1992

1993

1989

24
279
2,910
561
837
377

-64
313
2027

-100
-115

-332

1,350

-157

1,026
551

13
925

1990

565
302
2,144
43
706
194
315
29
856

1992

1991

267
308
2,552
33
787
294
438
146
854

196
311
2,599
25
835
523
216
136
865

1993

188
337
2,614
41
838
530
60
378
766

287
298
3,065
-5
1,101
463
504
39
962

19,378

20,670

21,283

24,081

26,720

-1,192

-1,427

-1,157

1,294

1,865

219

380

250

2,245

101,086
25,613
0
214
25,399
15,998
1,926
1,028
13,044
1,611
57,864

109,657
23,297

135,600
30,243
0
185
30,058
19,798
3,758
1,676
14,364
2,266
83,292

155,597
46,023
0
457
45,565
23,374
4,350
1,892
17,132
2,629
83,570

22,138
13,981

3,632
-3,403

8,572
1,548

12,137
1,954

1,546
196
379
147

22,533
13,505
0
109
13,396
2,128
92
208
1,829
377
6,523

12,830
2,107

-3,402
1,964
826
224
914
188
4,883

12,283
6,531
0
27
6,504
763
69
130
564
352
4,637

11,547
1,526

23,070
18,547
2,463
1,594
14,490
1,876
65,937

120,552
24,777
0
165
24,612
18,888
3,503
1,582
13,803
1,919
74,968

11,587
1,631
0
27
1,604
1,029
171
261
597
-18
8,945

14,307
4,016
0
66
3,950
1,809
93
325
1,390
138
8,344

11,736
1,181
4,796
1,117
634
1,661
99
185
1,376
1,385
166
236
983
731
1,800
348
663
1,094
1,123
34
144
(D)
94
114
87
297
(D)

13,446
1,316
5,421
1,096
650
2,119
455
237
1,427
1,556
170
292
1,095
1,007
2,019
217
756
1,126
1,584
47
172
335
138
127
94
333
337

15,781
1,428
7,533
1,932
669
3,167
914
258
1,995
1,765
161
127
1,476
881
1,822
182
878
1,400
1,658
42
208
204
181
153
114
588
168

17,086
1,490
7,811
1,981
666
3,401
1,030
291
2,080
1,764
147
95
1,522
1,595
1,595
217
923
1,677
1,777
54
248
243
241
127
140
544
182

18,104
1,286
7,552
1,411
819
3,576
1,169
272
2,135
1,746
145
349
1,252
1,409
2,245
244
1,014
1,955
2,398
43
222
149
282
122
123
601
855

2,207
203
1,083
288
-8
589
227
-34
395
214
1
76
136
-61
813

2,169
148
564
273
-6
144
203
9
-68
152
-9
14
147
790
192
27
141
184
124

1,285
19
642
42
148
453
290
9
154

1,732
115
482
66
45
163
64
-2
101
209

1,598
79
684
164
41
422
176
8
239
56
17
-2
41
112
273
37
187
279
-54
1
7

14,859
582
393
77

20,077
615
392
109

23,330
546
373
108

25,394
659
239
170
22

28,713
678
226
213

n

8

4,717
2,823
434
1,952
349
87
1,893
1,474
0
417
2
615
1,811

i£

112
0
P)
503
920
325
45
549
6,215
1,549
1,059
293

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.




Capital outflows (inflows (-))
1989

8

28

a a

5,007
3,324
550
2,290
416
68
1,683
1,246
0
434
3
706
2,328
2
1,524
51

n

-14
763
4,425
2,895
30
1,500
6,996
1,646
784
288

a

5,256
3,134
596
1,952
516
70
2,122
1,599
0
520
3
1,214
2,684
1
1,503
59

8

1,094
5,494
3,579
168
1,747
8,136
1,709

1

i?

$

%
5,586
3,444
582
2,349
446
67
2,142
1,619
0
520
1,083
3,479
-3
2,207
54
0
23
1,199
5,727
4,238
341
1,149
8,859
1,828
1,078
386

8

*aa

3,909
666
2,824
388
30
2,044
1,553
0
488
3
763
3,720
30
2,421
47
1
36
1,185
7,503
5,601
223
1,680
10,096
2,363
1,046
211
4,521
1,956

8

13,913
321
-167

-48
535
225
7,610

(

'l

-330

365
6,463

1,964

12
181
206
2
29
P)
44
32
15
76
P)

1,727
126
605
28
-23
433
356
53
23
167
9
30
128
255
510
-38
20
27
222
11
23
-2
44
-4
-9
22
137

1,345
30
-3
6

4,023
36
19
15

3,400
-19
35
-4

-230

117
40
-396

514
-87
9
78
77
0
-2
3
102
286
P)
162
15
0
P)
115
360
141
5
214
450
101
-97
28

%

231
328
120
164
64
-19
-97
-119

0
22

.

369
P)
280
-70

-115

1,395
221
2
849
429
-6
426
323
1
3
320
-108

237
-70
172
482
-28
-43
-28
-90
43
26
25
165
-127

-235

37
-326

55
-2
327
316
0
11

A
435
1
95
-11

-8
389
3,228
2,520
-16
723
69
6
-247

10

1,770
1,388
128
253
872
45
301
65

a a

8

-62
59
15
4
67
39

3,761
99
-87
30
-13

&
692
14
590
91
-2

-113
-120

0

-8

1,089
-4
705
-2
0
15
376
961
758
165
38
1,059
161
62
40

8.

8

n
14

2,058
2,079
522
177
1,380
-66
8,709

1,940
1,546
294
208
1,044
-88
8,725

28
243
185
435
2
8
-88
46
-6
37
-4
441

155
32
504
46
61
298
193
3
26
-7
81
18
24
27
21

1,748
162
638
164
52
170
14
43
113
253
22
43
188
22
455
24
118
174
155
3
18
-19
52
17
22
23
40

1,483
91
702
247
49
236
118
25
94
170
17
6
147
17
-63
19
156
307
234
3
18
37
49
13
25
21
67

1,467
57
713
266
12
325
116
26
182
110
-7
11
106
58
155
27
254
108
95

67
12
17
32
47

59
9
2
8
67

3,024
21
-30
38

1,744
64
25
12

1,623
-15
-24
10

1,836
-60
-16
-14

1,844
-42
-62
31

8
-fi-

ft
&

3
465
P)
201
P)
-2
61
17
0
44

333
82
108
145
-2
61
-16
0
77

-8
-2
480
346
44
138
165
-1
135
49
0
86

1,501
-13
-46
22
1
4
5
380
344
36
187
122
-1
36
-18
0
54

1862

ifi92

43-1
20
-165
-102

-133

27
54
-205

-9
-127

-75
0
-52

fl26
111
35
67

fl12
2,033
1,288
196
548
1,095
388
4
28

P,

1352

21
190
1,641
-47
8,216

8

562
95
243
224
1
-69
-151

0
81

n

101
205
-3
176
17
0
3
12
222
120
-4
107
659
196
75
40
248
100

sS

4
154
16

n

-113

299
113
-8
194
646
P)
31
19
P)
85

-7
300
9

3

-203

578
318
-20
280
660
P)
79
1
P)
129

a
n

n

148
122
-9
215
10
0
7
-101

523
377
-21
168
612
38
69

n
416
89

-206

n

91
9
-8
177
21

n

-186

505
295
-24
234
529
-108

-10
-16

8

NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes.

U.8. Census Bureau Announces

Census Catalog
and Guide: 1994
It's official all right, though not your
usual government catalog—
A 360-page One-Stop Guide to all
kinds of statistics!
You'll quickly find enough information about each source
to help you select what you need. You'll find the where,
the when, and especially the what—in detail.
A major reference resource, it covers everything from
mid-'88 through '93—and shows how to get the
latest version.
Want More?
You'll find thousands of phone numbers and addresses for
easy access to information and assistance. Why pass up
help—State or local, public or private?
The catalog describes what you'll find on CD-ROM,
paper, floppy disk, or tape:
* 1990 Census of Population and Housing
* Current Surveys of Population and Housing
Plus all our other topics too—
*
*
*
*
*

Agriculture
Business
Construction
Foreign Trade
Geography

*
*
*
*
*

Governments
International
Manufacturing
Mineral Industries
Transportation
r - - or Photocopy

*7367

Superintendent of Documents Publications Order Form

P3

Charge your order.
it's easy!

I I JL JlfO 9 please send me the following:.

To fax your orders (202) 512-2250

copies of

Census Catalog and Guide: 1994, S/N 003-024-08752-9, at $23 each ($28.75 foreign)
The total cost of my order is $

. Prices include regular domestic postage and handling and are subject to change.
Please Choose Method of Payment:

(Company or personal name)
(Additional address/attention line)

(Please type or print)

Q Check payable to the Superintendent of Documents
GPO Deposit Account
| [
VISA or MasterCard Account

i i i i im-n

(Street address)
(City, State, ZIP Code)
(Daytime phone including area code)
(Purchase
Order No.)



(Credit card expiration date)
(Authorizing Signature)

Mail Tb: Superintendent of Documents
RO. Box 371954 PittRhiirah PA

Thankyou for
your order!
5/94

C-l

SURVEY OF CURRENT BUSINESS

August 1994

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

1993

1994

Series title and timing classification
June |

1993

Aug.

July

Sept.

Dec.

| NO,.

CM.

Jan.

|

Feb.

Mar.

May

Apr.

June

July

1. COMPOSITE INDEXES
The Leading Index
9104

•
1•
54
8*
32*
20*

29 4
92*

99 •
.19*
1064

834
950

•

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 (ILL)
Average weekly initial claims for unemployment
insurance, thous. (L.C.L)^.
Mfrs.' new orders, consumer goods and materials,
bil.1987$ (L,L,L)§.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
Contracts and orders for plant and equipment, bil. 1987$
(L,L,L)§.
Index of new private housing units authorized by local
building permits, 1967*100 (L.L.L).
Change in mfrs.' unfilled orders, durable goods, bil.
1987$, smoothed (L,L,L)f.
Change in sensitive materials prices, percent, smoothed
(L,L,L)f.
Index of stock prices, 500 common stocks, 1941-43*10,
NSA (L.L.L)*.
Money supply M2 bil. 1987$ (L L L)
Index of consumer expectations, U. of Michigan,
1966:1-100, NSA (L.L.L)©2.
Diffusion index of 11 leading indicator components:
Percent rising over 1 -month span
Percent rising over 6-month span

98.7
.1
1.4

-2.0

41.4

98.1

97.9

-.2
1.2

0

98.4

.5
2.1

98.6
.2
5.0

99.1

.5
4.5

99.5

.4
6.7

100.2
.7
5.4

100.4
.2
4.1

100.5
.1
4.1

101.2
.7
3.2

101.2
0
3.2

101.3
.1
1.2

101.5
.2

'101.5
'0

'1.2

41.3

41.4

41.5

41.7

41.7

41.7

41.3

42.1

42.2

42.1

42.0

383

399

371

41.5
370

41.6

365

354

336

318

360

338

327

344

371

348

'41.9
345

1,304.63

"106.60

105.36

"106.61

"108.97

'111.33

'112.47

'114.60

116.08

'115.62

"118.25

'117.69

'118.70

"117.66

'113.99

51.6

50.2

50.0

51.3

50.9

50.7

50.7

51.7

55.0

58.8

55.1

57.6

60.7

59.7

57.3

38.67

'36.14

'37.00

'36.48

'38.48

'41.33

'40.82

'42.06

'42.18

'43.49

'42.02

'42.08

'44.20

'43.07

89.5

93.2

98.4

100.9

103.5

108.7

117.5

104.6

99.8

-2.89

-2.21

444.42
96.3

r

r

-2.87

-3.35

-3.30

-3.15

-3,23

-3.10

-2.92

-.26

-.43

-.43

-.48

-.50

-.32

-.05

451.41

448.06

447.29

454.13

463.90

2,774.9

2,778.5

2,778.1

'2,773.4

2,777. 7 '2,771.9

459.24
r

-1.68

104.7

110.0

108.2

104.9

106.6

-1.41

-1.02

'-.63

'-.18

'-.20

.26

.52

.85

'1.07

'1.16

'1.30

'1.71

2.28

462.89

465.95

472.99

471.58

463.81

447.23

450.90

454.83

451.40

'2,772.8

'2,772.3

'2,776.4

'2,767.0

'2,769.3

"2,771.5

'2,767.7

72.8

70.4

64.7

65.8

66.8

72.5

70.3

78.8

86.4

83.5

85.1

82.6

84.2

•56.1

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
90.9

77.3

81.8
63.6

'63.6

45.5

'86.4

45.5
63.6

54.5

64.4

'63.6

109.1
.1
2.5

108.9
.1
.7

108.8
-.1
2.2

109.4
.6
2.6

109.6
.2
4.5

110.0
.4
4.1

110.5
.5
5.6

111.1
.5
3.7

111.0
_ •<
48

111.8
.7
4.8

112.4
.5

112.8
'.3

"113.1

'5.5

M
3.6

110,525
3,523.2

110,372
3,514.8

110,628
3,506.0

110,714
3,543.1

110,923
3,539.6

111,112
3,556.1

111,366
3,571.8

111,610
3,589.3

111,711
3,566.9

111,919
3,618.9

112.298
3,629.0

112,699
'3,638.1

110.9

110.4

"2,755.7 '2,755.9
82.7
78.5

'31.8

The Coincident Index
9204
4
41 4
51 4

474
574
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

6,198,175 '"514,744

r

110.9

111.1

111.3

111.9

112.8

114.0

114.6

115.0

51 0,930

518,086

520,413

523,034

528,548

534,432

532,406

538,629

100.0
100.0

100.0
100.0

100.0
100.0

100.0
100.0

50.0

100.0

100.0
100.0

100.0
100.0

96.6

96.4

96.2

96.2

96.4

96.0

'95.9

80.2
97.9

62.5

50.0

87.5

100.0

100.0

100.0

96.4

96.3

96.7

96.4

'112.5

"2.5

3

113.3
3
.2

112,951 '113,307 '113,566
'3,645.3 "3,640.2 '3,645.6

'116.0
116.3
"116.9
115.9
545,901 '542,338 "543,025 * 546,1 13
3

3

'.3
2.9

75.0

'100.0

"75.0

'97.4
4" 5

'117.2

3

100.0

100.0

The Lagging index
9304
4
914

774
624

1094
101 4

954
1204

952
4

9404

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) 5 $
Ratio, mfg. and trade inventories to sales in 1987$
(Lg.Lg.Lg).
Change in labor cost per unit of output, mfg., percent,
AR, smoothed (Lg.Lg.Lg) f.
Average prime rate charged by banks, percent, NSA
(Lg.Lg.Lgr.
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) t.
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, 1987-100 (L.L.L) .

.1
0
18.1
1.54

0
1.3
17.8
1.55

.4
.4

-.3
1.3

17.9
1.56

18.3
1.54

.1

18.4
1.54

.9

-.2
-.8
18.4
1.53

.5

-.2
-1.6
18.9
1.52

0
0

.2
-.8

'-.1

'.5

'96.9
'.5

0

'3.8

'6.4

"-1£

96.4

4

97.3
-.1

4

s!s

18.2
1.50

18.3
1.51

18.7
1.50

19.2
1.47

19.1
1.49

19.6
1.50

18.3
'1.49

19.2

-2.1

-2.8

-2.4

-2.9

'-3.4

'-3.7

'-3.4

'-3.0

6.00

6.00

6.00

6.00

6.00

6.00

6.00

6.00

6.00

6.00

6.06

6.45

6.99

7.25

7.25

371.343

370,002

375,158

376,605

376,574

373,963

374,072

373,476

14.13

14.03

14.14

14.07

14.25

14.29

14.35

14.42

14.60

14.45

14.57

14.68

'14.83

'15.00

3.8

4.1

4.0

3.9

3.7

3.6

3.5

3.5

3.1

3.2

3.6

3.6

3.3

3.0

49.4
42.9

57.1
35.7

64.3
50.0

28.6
50.0

50.0
50.0

28.6
35.7

28.6
21.4

42.9
28.6

50.0
35.7

35.7
42.9

57.1

"71.4

113.2

113.1

112.5

113.5

113.5

114.1

114.9

115.5

115.1

116.5

'116.4

"116.1

-.9

-.8

-.5

NOTE.—The following current high values were reached before June 1993: May 1991—BCI-106 (2,865.8); December 1991-BCI-77 (1.66); January 1992-BCI-120 smoothed (4.2); October 1992-BCI-62 smoothed (3.0); December
1992-BCI-51 (3.706.5) and BCI-83 (89.5); and April 1993-BCI-91 (17.7).
See page C-6 for other footnotes.




.2
-1.2

-.5

'375,033 "371,935 '369,083 '371,341 '376,092 "378,007 '381,691

42.9

'42.9
'117.2

4

78.6
40.0

'116.7

.

2.9

4

50.0

'116.4

SURVEY OF CURRENT BUSINESS

C-2 • August 1994
Series

no.

Year

1994

1993

Series title and timing classification
June |

1993

July

Aug.

| Sept. |

Oct. |

Nov. j

Dec.

| Feb.

Jan.

Mar.

|

Apr. j

May j June

July

2. LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
441
442
451
452
453

14
21 4
5*

46 *
60
484

42
41 4
963

40 •
90 o

37
43*
45
91 •
44

Labor force:
Civilian labor force thous. l
Civilian employment thous l
Civilian labor force participation
rates (percent):
Males 20 years and over1
Females 20 years and over l
Both sexes 16-19 years of age1
Marginal employment adjustments:
Average weekly hours mfg (L L L)
....
Average weekly overtime hours mfg (L C L)
Average weekly initial claims for unemployment
2
insurance, thous. (L,C,L) t
Job vacancies:
Index of help-wanted advertising, 1967=100 (L.Lg.U) l
Ratio, help-wanted advertising to unemployed (L,Lg,U)
Employment:
Employee hours in nonagricultural 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. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U,Lg,U) *.
Unemployment:
J
Number of persons unemployed, thous. (L,Lg,U)
$
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) l $
Unemployment1 rate, 15 weeks and over, percent
(Lg,Lg,Lg) $.

128040
119306

128334
119692

128 108
119568

128580
119941

128662
120 332

128898
120661

130667
121 971

130776
122258

130580
122037

130747
122338

130774
122 872

130248
122430

130457
122452

584
51 8

770
585
51 6

767
584
51 2

770
586
51 1

768
587
51 2

768
589
509

770
593
533

769
595
524

768
593
523

767
592
540

767
593
53 1

762
589
537

764
590
525

41 4
41
399

41 5
41
371

41 5
42
370

41 6
43
354

41 7
44
336

41 7
44
313

41 7
45
360

41 3
45
338

421
47
327

422
48
344

421
'47
371

420
46
348

'41 9
'46
345

128 056
119 187

128 102
119370

51.5

770
585
51 5

41 4
41
365

41 3
41
383

76.9

584

101
.344

98
.329

77.0

101

103

101

106

.344

,355

.352

.365

107
.382

110

105

.397

.359

115
.402

117

116

.407

.410

121

'117

.456

'.445

204.76

204.27

204.90

205.58

204.88

206.15

206.18

206.89

207.96

205.56

208.41

209.56

'210.47

'209.83

'210.05

116,232

116,156

116,327

116,687

116,475

116,920

117,218

117,565

118,639

118,867

118,611

118,880

119,437

119,195

119,173

110,525

110,372

110,628

.110,714

110,923

111,112

111,366

111,610

111,711

111,919

112,298

112,699

112,951 ' 11 3,307 P 113,566

562
595
23,256

51 1

588
57.9

500
588
23,207

567

54.5

574
608
23,245

61 0
628
23,281

574
636
23,298

566
670
23,328

583
659
23,327

629
''685
23,395

625
P663
23,506

23,225

23,232

59.7

23,206

r

'563
r

23,51 9

r

pQ22

23,564

'586

'23,592

61.6

61.6

61.6

61.8

61.6

61.8

61.9

62.0

62.2

62.3

62.2

62.3

62.5

62.2

62.2

8,734
6.8
2.6

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

8,408
6.4
2.5

7,902
6.0
2.5

7,817
6.0
2.5

8,005
6.1
2.5

18.1

17.8

17.9

18.3

18.4

18.4

18.9

18.2

18.3

18.7

19.2

19.1

19.6

18.3

19.2

2.4

2.4

2.3

2.3

2.4

2.4

2.3

2.2

2.3

2.4

2.4

2.3

2.1

2.1

2.2

3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
55*

50
49
47*
734
744
75*
124
82*

Output:
Gross domestic product, bil. 1987$, AR (C.C.C)
Percent change from previous quarter AR
Gross national product bil. 1987$ AR (CCC)
Value of domestic goods output bil. 1987$, AR (C,C,C)
Industrial production indexes, 1987*100:
Total (C C C)
Durable manufactures (C.C.C)
Nondurable manufactures (C L L)
Consumer goods (CLC)
Capacity utilization rates (percent):
Total industry (L,C,U)
Manufacturing (L,C U)

5139.4
27
5 148.4
2,078.2

5,134.5
31
51403
2,081.8

5,218.0
63
5,218.7
2,135.5

5261.1
33
5 262.7
2,168.8

' 5,310.2
r
38
'5,308.3
r
2,200.7

111 9
116.2

1128

114.0
120.1

1146

1150

118.0

120.4

120.9

115.9
121.7

1088

1091

1097

1096

1101

1117

108.6

111.3
115.0
108.5
108.5

109.2

109.7

110.1

110.9

111.6

111.9

81.4
80.3

81.4
80.4

81.7
80.8

82.2
81.5

82.9
82.3

83.2
82.2

83.3
82.4

83.8
83.0

2.05

1109

1104

1109

114.3

113.0

113.7

111.1
113.9

1086

1089

1091

1092

108.8

108.1

108.9

81.5
80.6

81.1
80.1

81.3
80.3

r

116.0
122.5
111
8
r
111.2
r

1163

M169

122.5
'1127
'111.3

122.6
'1129
r
112.3

r

83.1

'83.7
'83.1

-1.96
-1.41

.35
-1.02

55.1

57.6

r

83.7

r

P1172
' 123.3
M131

' 112.7

'83.0

'83.9
'83.1

'-.63

'1.03
'-.18

'-2.33
'-.20

60.7

59.7

83.9

4. SALES, ORDERS, AND DELIVERIES

924
324

Change from previous month bii. 1987$
Change from previous month, bil. 1987$, smoothed
(L,L,L)f.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).

-2.88
-2.87

-3.41
-3.35

-1.29
-3.30

-2,40
-3.15

-4.40
-3.23

-1.97
-3.10

-2.26
-2.92

-3.51
-2.89

-2.21

-1.26
-1.68

51.6

50.2

50.0

51.3

50.9

50.7

50.7

51.7

55.0

58.8

'.15

57.3

5. FIXED CAPITAL INVESTMENT

124
134

10
204
274

94

61
1004

694

Formation of business enterprises:
Index of net business formation, 1967=100 (L,L,L)
Number of new business incorporations (L,L,L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(L.L.L).
Contracts and orders for plant and equipment, bil. 1987$
(L,L,L)§.
Mfrs.' new orders, nondefense capital goods, bil. 1987$
(L,L,L)§.
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft. (L.C.U)©4.
Business investment expenditures:
New plant and equipment expenditures by business,
bil.$, AR (C,Lg,Lg)*.
New plant and equipment expenditures by business,
bil. 1987$, AR(C,Lg,Lg)*.
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C.Lg.Lg).

NoTE.-The foil
April 1993-BCI-91 (17J).
See page C-6 for other footnotes.




'125.1
60,680

'125.4
'58,992

121.1
707,413

120.8
60,422

120.7
58,387

121.1
58,209

122.3
63,758

119.2
55,294

123.5
61,739

125.3
61,873

429.75

38.44

'34.74

35.63

34.94

36.56

38.78

38.84

40.91

40.72

41.12

39.41

'39.69

'42.06

'40.43

444.42

'38.67

'36.14

'37.00

'36.48

'38.48

'41.33

'40.82

'42.06

'42.18

'43.49

'42.02

'42.08

'44.20

'43.07

401.86

'34.68

'32.10

'33.87

'33.09

'35.28

'37.99

'37.60

'38.43

'38.50

'39.27

'38.98

'38.54

'40.88

'39.42

535.60

43.43

47.58

44.44

45.34

46.74

47.15

52.36

52.76

49.34

61.83

50.96

53.48

51.96

62.47

125.2
61,978

'127.5
64,119

'124.8

585.64

594.11

604.51

619.11

"63714

555.70

565.28

576.82

589.63

a

462.79

461.01

440.76

467.15

1993: July 1991-BCI-92 change (6.72), and

461.86

467.11

489.94

511.08

480.27

491.54

503.68

499.28

'123.6

607 81

'504.10

'517.30

'123.4

August 1994 «

SURVEY OF CURRENT BUSINESS
Series
no.

Series title and timing classification

Year

1994

1993

June | July

1993

Aug.

| Sept

C-3

Oct

| Nov. | Dec.

Jan.

| Feb. | Mar. | Apr. | May

June

July

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$,
AR:
Total (C Lg C)
Structures (Lg Lg Lg)
Producers' durable equipment (C Lg C)
Residential construction and investment:
New private housing units started, thous., AR (L,L,L)
Index of new private housing units authorized by local
building permits, 1967-1 00 (L.L.L).
Gross private residential fixed investment bil 1987$ AR
(L,L,L).

134.6

133.9

134.6

137.7

136.3

134.8

141.8

142.9

627.2

597.9

591.6

139.7

145.0

1475

1487

1441

450.3

478.5

499.4

1,238

1,245

1,319

96.3

89.5

93.2

98.4

1,359
100.9

1,409
103.5

1,612
117.5

1,271
104.6

2245

211 0

2130

1,406
108.7

'146.3

1,328
99.8

r

146.7

r

147.3

P 147.9

1,351
104.9

* 1,415
106.6

r

643.6

1477

443.9
1,288

145.5

r

657.9
1507
507.3

r

1,519
104.7

1,471
110.0

' 1,491
108.2
r

2299

234,0

6. INVENTORIES AND INVENTORY INVESTMENT
70
77*

inventories on hand:
Mfg. and trade inventories, bil. 1987$ (Lg,Lg,Lg)0
Ratio, mfg. and trade inventories to sales in 1987$

30*
31 *

Inventory investment:
Change in business inventories bil. 1987$ AR (LLL) ...
Change in mfg. and trade inventories, bil.$, AR (L,L,L) ..

(Lg.Lg.Lg).

801.57

797.87

798.91

799.28

802.34

801.82

801.57

802.70

805.34

804.03

1.54

1.55

1.56

1.54

1.54

1.53

1.52

1.50

1.51

1.50

1.47

1.49

r

23.7

22.9

14.7

10.8
55.3

-13.6

25.3

25.4
49.8

-19.8

57.6

98.55
.90

99.48
.94

-.32

-.05

153
23.8

'12.0

130

8.3

803.66

' 805.63

1.50

P 813.94
^1.49

56.3
122.4

M1.3

'812.37

r

r

7. PRICES

99*

98

23*

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*
CoDDer scrao $ oer Ib ©
Lead scrap $ per Ib. ©
Steel scrap $ per ton ©
T i n $ p e r l b NSA©
Zinc, $ per Ib., NSA©
Burlap I 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.

99.58

99.15

98.88

98.03

97.67

-.03
-.26

-.16
-.43

-.27
-.43

-.86
-.48

-.37
-.50

161.79

159.63

160.26

159.54

161.13

165.78

18Q.4
174.1
100.6

181.1
170.7

179.7
172.1

185.9
174.4

184.4
177.7

97.2

102.8
140.2
179.1
133.8
130.6
115.0
133.7

94.0
80.8

93.5
80.4

142.3
172.8
136.2
129.3
113.8
134.0

176.8
172.0
104.0
107.4
140.6
170.4
135.4
126.6
113.3
133.3

139.4
170.0
130.2
127.5
113.5
133.8

92.2
56.5

84.7
55.2

85.5
53.4

260.4

257.1

257.2

90.2

.702
.139

.693
.144

.672
.140

115.553
3.494

112.183
3.482

119.654
3.395

.484
.247
.556
.677

.467
.245
.502
.644

3.339

3.400

.470
.245
.509
.640

3.400

101.38
.88
.52

103.25

'.81

1.75

3.77

.85

'104.31
'1.03
'1.07

105.15

.26

'1.16

'1.30

'1.71

4.17
2.28

169.43

172.15

174.01

173.02

'173.22

169.88

167.85

171.29

174.86

185.2
181.3

182.6
183.8

181.8
186.5

94.0
79.3

91.1
74.2

88.0
72.3

185.6
174.0
103.8

138.9
171.2
125.1
125.6
107.5
134.8

139.0
190.7
119.0
128.7
100.7
136.3

139.9
202.5
117.3
128.1

85.7
54.9

90.5
51.7

95.9
53.1

97.9
56.8

141.2
207.4
123.2
129.6
102.4
136,2
104.3

139.9
203.0
128.2
132.0
106.5
137.2
114.8

178.1
'181.7
'100.2
'72.4
195.0
'201.4
'137.4
'146.5
'119.1
136.9
121.4

181.2
177.0

94.2
80.2

176.4
181.8
101.1

191.1
177.6
116.6
170.2
361.4
169.0
160.9
160.2
131.1
137.3
121.0

203.1
176.9
208.9
302.1
477.2
175.9
161.4
172.5
139.1
138.0
107.4

255.5

253.1

255.6

258.1

.654
.134

114.042
3.294
.451
.240
.513
.688

3.400
.792

.445
.241
.547
.700

3.400

1.03

1.84

75.0

157.6
205.8
135.1
141.7
115.4
136.9
124.6

56.7

63.2

69.3

80.2

86.4

83.5

85.0

275.2

279.1

280.9

288.0

290.9

299.5

.572
.123

.644
.124

.696
.128

.717
.131

.747
.130

138.940
3.225

140.435
3.286

139.625
3.324

140.201
3.598

138.530
3.621

.459
.247
.571
.700

.466
.256
.607
.750

.492
.265
.644
.750

.496
.269
.703
.750

.483
.273
.753
.750

3.500

3.500

3.750

.467
.275
.726
.750

3.900

.799

.774

.762

.805

.815

.808

.798

.756

.746

.788

60.000

60.000

59.940

59.940

59.118

56.112

56.225

55.944

55.944

55.944

.450
.147

.440
.148

.437
.148

.441
.146

.447
.142

.442
.140

.448
.138

.446
.143

.448
.152

.447
.156

124.7
0
.2
135.8
0
.3
123.0
0
-.2
131.4
.2
1.8
116.2

125.1
-.5

125.1
0

124.1
-.8

124.3
.2

-2.4

-2.2

-1.4

136.4
-.3

136.6
.1

135.1

-2.5

-1.1
-2.2

135.2
.1

-1.3

123.5
-.6

123.4
-.1

122.1
11

122.3
.2

124.2
-.1
-.8
134.8
-.3
-.6
122.3
0

-2.1

-3.2

-2.9

-2.3

-1.6

131.2
-.1
1.4
116.3

131.6
.3
.2
116.3

131.8
.2
.8
116.3

131.9
.1
1.2
116.3

131.4
-.4
2.0
116.4

124.3
.1
1.6
135.3
.4
1.8
122.4
.1
1.5
131.8
.3
2.0
116.6

124.2

-1.3

124.6
.3
1.8
136.2
.5
2.8
122.4
.2
1.1
132.9
.7
4.0
116.4

125.1
.4
1.5
136.3
.1
3.0
123.0
.5
.5
133.1
.2
4.1
116.9

.1
1.0
102.4
0
.9
124.0

0
0
103.6

0
-.3
101.5

-3.4

-3.4

.1
.2
103.7
2.2
4.0

.2
1.0
103.4
-.3
2.6

.1
1.2
103.5
1.7
-.4

.4
1.2
102.1

-2.0

0
0
101.5
.7

-.3
1.4
101.8

-1.5

0
.5
100.8
-.7

6

1.4

124.3

144.4
.1
2.2
152.3
.2
2.7
157.8
3.9
4.1

144.4
.1
2.2
152.6
.2
2.5
158.2
3.1
4.0

144.8
.3
2.4
153.0
.3
2.8
158.7
3.9
3.9

_ 4

'i!e

135.5

.1

'1.9

122.1
-.2
'1.3

132.0
.2
'2.3

116.3

-1.5
'3.8

2.4

145.1
.1
2.6
153.1
.1
2.8
159.1
3.1
3.7

145.7
.3
2.4
153.5
.3
2.6
159.5
3.1
3.6

145.8
.3
2.4
154.1
.4
2.6
160.0
3.8
3.5

-1.4
-2.7

.876
.128

.917
.129

.895
.157

135.827
3.630

125.098
3.730

113.198
3.713

117.992
3.620

.461
.275
.724
.772

.478
.275
.752
.860

.484
.275
.705
.890

.490
.275
.673
.890

.744
.128

3.950
.845

146.2
0
2.5
154.6
.1
3.0
160.6
.8
3.1

146.7
.3
2.3
155.0
.3
2.9
161.3
5.4
3.2

.873

4.000
.886

4.000
.906

56.000

56.000

.512
.145

.518
.157

.557
.164

.627
.173

'125.3
.2
1.6
'136.5
'.1
2.5
'123.1
'.1
1.0
'133.4
'.2
4.0
117.1

125.3
'0
1.9
136.7
.1
1.6
123.0

125.2
-.1

125.2
0

125.8
.5

137.3
.4

137.2
-.1

137.3
.1

122.7
-.2

122.7
0

123.4
.6

134.5
.4

134.6
.1

134.8
.1

117.3

117.7

118.3

.2
2.4
'103.4

0
3.3
103.5
'.1

.493
.155

'1.3

2.2

'-.1

1.6
134.0
.4
2.9
117.1

56.000

g

.5

102.9
.9

102.0
-.9

147.5
.2

148.0
.3

148.4
.3

156.3
.3

156.7
.3

157.0
.2

162.5
1.5
3.3

162.8
2.2
3.0

163.3
3.7
2.9

102.0
-1.4

-2.9
1267

26

2.8

145.8
.2
2.9
154.4
.2
3.2
160.5
3.8
3.5

3.910

55.888

125.9

1250

18

2.8

144.5
.2
2.6
152.2
.3
3.0
157.9
3.8
3.8

-1.3

83.0

242.4
184.1
144.1
151.2
122.5
136.9
122.2

115.65

268.8

.578
.118

3.600

194.4
195.3
136.9
150.1
120.9
137.5
120.4

111.02

58.1

127.351
3.189

3.450

99.4
78.8

106.99

263.7

59.238

NOTE—The following current high values were reached before June 1993: July 1991—BCI-120 change (5.9); December 1991-BCI-77 (1.66); and January 1992—BCI-120 smoothed (4.2).
See page C-6 for other footnotes.




.611
.123

110.402
3.095

98.5

135.7

100.50

147.2
.3
2.5
155.5
.3
3.0
162.0
5.3
3.6

147.4
.1
3.2
155.8
.2
3.1
162.3
2.2
3.6

SURVEY OF CURRENT BUSINESS

C-4 • August 1994
Series
no.

1993

Year
Series title and timing classification

1993

June

Aug.

July

Sept.

1994
Nov.

Oct

Dec.

Jan.

| Feb.

Mar.

Apr.

May

June

|

July

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 (LL.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.1 982*1 00 (L,L,L)§.
Corporate net cash flow bil. 1987$ AR (LLL)

2892
245.1
7.4

2889
2448
7.3

8.2

8.4
r

103.7

4947

3102

2994

2649
8.0

2531

9.0
r

103.7

r

1045
5249

4996

"3216
"2718

7.6

"8.1

8.4

"8.9

104.1

P 104.6

5271

"5345

162.1

"162.5

9. WAGES, LABOR COSTS, AND PRODUCTIVITY
Wages and compensation:
Index of average hourly compensation, all employees,
nonfarm business sector, 1982-1 00 §.
Percent change from previous quarter AR § . .
index of real average hourly compensation, all
346
employees, nonfarm business sector, 1982-100 §.
Percent change from previous quarter AR §
53*
Wages and salaries in mining, mfg., and construction,
bil. 1987$, AR(C,C,C).
Unit labor costs:
Index of unit labor cost, ail persons, business sector
63
1982-100 {Lg,Lg,Lg)§.
Index of labor cost per unit of output, mfg., 1987-100 ...
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
62*
(Lg,Lg,Lg)t.
Productivity:
370
Index of output per hour all persons business sector
1982-1 00 §.
$
Percent change over 1-quarter span AR§
Percent change over 4-quarter span AR §
^
Index of output per hour all persons nonfarm business
358
sector, 1982-1 00 §.

345

r

158.3

r

r

r

603.4

603.5

606.0

606.9

606.1
r

137.4
111.6
0
-.8

111.7
2.2
.1

111.5
-1.1

-.5

112.0
3.3
.9

r

16
23
r

1155

r

110.2

-5.2

-5.3

-8.3
-2.1

-.5

110.5
3.3

-2.8

-2.4

r

r

5.7

r
31
115.8

r

"26
117.2

r

613.1

615.0

109.7

'109.3
r
-4.3
'-3.4

"-1.9
614.6

r

' 61 5.8

"615.5

'109.0
r

"108.8
"-2.2
"-3.0

P 138.0

137.4

110.2
0

1191

3.4

106.6
612.9

r

111.0

r

610.4

136.3

.5

P 8
"106.1

5.7

'3.5

608.5

111.5

M174

1173

r

24
105.7
'-.6

1.1

602.2

136.9
111.3
-25
-.9

30
105.9

r

159.9

r

33
105.7
3
599.8

r

159.0

-8.4
-2.9

' 109.0
r
-3.2
'-3.7

r

o

-3.4

"119.5

119.9
'2.9

"-1.4

118.0

P 117.6

10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51 *

58
83*
122
123*

Personal income:
Personal income, bil. 1987$, AR (C.C.C)
Personal income less transfer payments, bil. 1987$, AR
(C.C.C).
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1-100, NSA
(L.L.L)©1.
Consumer expectations, U. of Michigan, 1966:1-100,
NSAfl-.U.)©1.
Consumer confidence, The Conference Board, 1985=100
(L,L,L)*.
Consumer expectations, The Conference Board,
1985-100 (L.L.L)*.

4,246.4 4,238.0
3,523.2 . 3,514.8

82.8
72.8

4,230.7
3,506.0

81.5

77.0

70.4

64.7

4,270.8
3,543.1

77.3
65.8

r
4,381.4 '4,387.7
'3,638.1 '3,645.3

4,268.2
3,539.6

4,284.7
3,556.1

4,300.2
3,571.8

4,323.4
3,589.3

77.9

82.7

81.2

88.2

94.3

93.2

91.5

92.6

92.8

91.2

89.0

66.8

72.5

78.8

86.4

83.5

85.1

82.6

84.2

82.7

78.5

92.1

88.9

92.5

91.3

95.4

93.6

94.6

91.9

70.3

4,307.9
3,566.9

4,359.7
3,618.9

4,370.6
3,629.0

65.9

58.6

59.2

59.3

63.8

60.5

71.9

79.8

82.6

79.9

86.7

77.4

69.6

66.8

66.8

72.8

66.7

80.3

91.8

92.6

84.4

92.6

'4,383.1 "4,389.3
'3,640.2 "3,645.6

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
Psrsonal saving rate percent

,

7875
789.9
192.6

7889
807.6
182.3
-201 0
3.9

2150
4 -j

886.2
861.8
175.5
-151.1
3.6

8258
821.9
189.4
-1856
4.0

"914.3
"842.3
'191.3
"-11 9.3
'3.9

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 money supply M1 (L.L.L)*
Percent change in money supply M2 (L,C,U)
....
Money supply M1 bil 1987$ (LLL)
Money supply M2 bil. 1987$ (LLL)
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 (L.U.U) $
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.$, AR
(L.L.L).
Percent change in business and consumer credit
outstanding, AR (L.L.L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L,L,L).
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
Percent of consumer installment
loans delinquent 30
days and over (L,L,L)©20|.

.81
.14
8489
2 774.9

.78
.07
859.1
'2,773.4

.81
.53
.35
.21
874.1
876.8
2,772.8 '2,772.3

".64
'-.11
'.16
'.31
.45
.33
.45
-.11
'.09
'.40
'.23
'-.20
".39
.15
'879.8
"882.7
882.6
882.8
'880.5
'880.5
880.7
'2,776.4 '2,767.0 '2,769.3 '2,771.5 '2,767.7 '2,755.7 "2,755.9

.95
.14
8544
2,778.1

1.524

1.519

1.516

1.532

1.528

1.537

1.540

1.546

1.535

1.562

1.565

'1.569

901
180

730
181

845
244

600
352

662
428

804
285

1,012
89

981
82

1,375
73

1,070
70

912
55

1,027
124

58.39
65.68

2.05

-.43

55.22

118.67

-22.73
86.10

-2.98
92.29

-21.72
103.94

'39.56
64.07

'-34.12
58.50

'-21.98
136.63

'35.99
121.38

2.15

1Z50

65.64

63.73

383,914

1.77

489,428

2,738.0
2.06

r

5.777

5.804

5880

47,554.7

r

2.08

2.03

432,628

1.95

1.93

1.86

'5.847

5.776

'1.573

'1.578

"1.581

'715

'772

649
458

200

333

'70.93
'137.52

'49.48
"130.63

"60.94

"431,692

'5,552.7 "7,382.0 "3,062.6 "2,222.1 "2,991.0 "2,552.3

NoiE.-The following current high values were reached before June 1993: May 1991-BCI-106 (2,865.8); July
1991-BCI-93 (345); August 1991-BCI-94 (764); October 1992-BCI-62 smoothed (3.0) and BCI-111 (3.0); December 1992-BCI-51 (3,706.5), BCI-52 (4,412.0), BCI-53 (664.2), BCI-62 index (113.3), BCI-62 change (16.1), BCI-




.75
.89
.23
.10
866.1
869.8
2,777. 7 '2,771.9

,83
.19
8477
2,778.5

1.77

"1,736.4 "2,141.3 "2,166.0 "1,688.7 "2,565.0 "2,328.6 "2,111.7
1.98

1.87

1.74

83 (89.5), and BCI-123 (103.9); and May 1993-BCI-85 (1.97) and BCI-1Q2 (0.68).
See page C-6 for other footnotes.

SURVEY OF CURRENT BUSINESS
Series
no.

August 1994 •
1994

1993

Year
Series title and timing classification
June

1993

Aug.

July

C-5

Sept

|

Oet

|

Nov. j

Jan.

Dec.

Feb.

Mar.

Apr.

817,173

827,288

May

June

|

July

12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
66
72
101 *
954

119$
114*
116*
115*
117
118
109*
19*

Outstanding debt:
Consumer installment credit outstanding, mi!.$
(Lg,Lg,Lg)0.
Commercial and industrial loans outstanding, mil.$,
(Lg.Lg.La).
Commercial and industrial loans outstanding, mil. 1987$
(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)*.

800,912

805,787

r

838,748 '849,634

795,573

752,081

757,554

762,156

772,045

779,220

786,911

795,573

429,487

429,942

434,808

434,979

434,943

433.049

432,801

430,991

r

434,288

r

431, 445

' 429,61 3 ' 432,612 '•438,623

r

442,646 '447,724

371,343

370,002

375,158

376,605

376,574

373,963

374,072

373,476

r

375.033

r

371 ,935

r

r

378,007 '381,691

1413

1403

14 14

1407

1425

1429

1^35

1442

1460

1445

1457

1468

3.02
3.02
7.34
6.46
5.60
7.46
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

2.96
3.08
7.22
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

3.56
3.74
7.95
7.32
6.23
8.63
6.45

454.13

459.24

462.89

465.95

472.99

471.58

463.81

447.23

450.90

454.83

451.40

9343
6,136

10064
4,902

7314

8834
"7,180
'68.5

'14601
'7,024
'68.0

'5,873
'67.1

451.41

448.06

447.29

76,649

10169
5,788

9656
7,231

302
3.12
7.17
6.25
5.47
7.51
6.00

463.90

369,083

r

371, 341

'"376,092
r

1483

4.01
4.19
8.17
7.47
6.19
8.63
6.99

'1500

4.25
4.18
8.16
7.43
6.11
9.03
7.25

4.26
4.39
8.30
7.61
6.23
8.65
7.25

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

74.8

11 785
6,598

74.9

74.6

74.0

961
302.7

965

954

944
2990

465 091
41 940
99787
580,659
50,455
79399
456,866
589 441
-132,575

37947
r
3566
8094
49319
r
4,677
6699

5,304

5,172

5,239

10247
7,738

73.7

72.7

72.5

71.5

71.0

69.9

940

933

923

910

901

895
291.7

892

887

41 657
3768
8975
49 439
3,371
6849

39247
3497
8435
50,097
2,981

38106

42808

3118

3412

8363
50,178
3,960

9096
52,391
4,162
7258

41 089
3326
9009
53,134
3,997
7546

11 359
6,446

2991

69.9

6,280
'69.8

883
290.7

'876

41 103
3685

42799

9198

9329
55,970
4,606
7842

r

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 $
Merchandise exports, adjusted, excluding military, mil.$ l ....
Merchandise imports adjusted excluding military mil $ J
Balance on merchandise trade, mil.!1

37199
3428
8153

47993
4,323
5983

38131
3401

8529
48182
3,757
6555
111,736
148224
-36,488

38610
3550

40019

8301

8279
50,849
3,936

49,224
3,698
6736

3521

6871

40084
3509
8660
49979
3,729
6748
119,679
152848
-33169

6134

6713

r

r

53,988
3,863
7300

3718

'118,012
'154977
'-36,965

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*

750*
758*
755*
756*
752*
757*
753*

Industrial production indexes (1987-100):
United States
OECD European countries2
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,
Stock price indexes (1967-100, NSA):
United States*
Japan*
Federal Republic of Germany*
France*
United Kinadom*

110.9
107
111.7

1059

107
106
104
'1057

110.9
107
H1 1
106
107
105
'1069

103.2

1037

1445

2.6
118.5
1.1
125.6
3.5
1435

1434

107
107
105

AR
AR
AR
AR

1.9
1653

AR
AR
AR

......

ST. _.::::::::::::::::::": : :::: •
Canada* ....

Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
NSAX
Foreign currency per U.S. dollar (NSA):
Japan (yen)*
Federal Republic of Germany (d. mark)*
France (franc)*
United Kingdom (pound)* .
Italy (lira)*
Canada (dollar)*

1.9
186.3
4.2
147.9
1.1

r

110.4
106
112 1

r

r

111.1
'108
1110

r

111 3
r
108
1114

r

111.9
r
108
1081

1128
r

108
1097
107
107
107

108
107
105
r
1088

108
107
105
r
1045

107
106
107
r
1066

1027

1035

1044

104.4

'1066
1052

1444

1444

1448

145 1

1457

1458

22
118.5
2.0

22

?4

26

24

118.8

119.2

1193

119.2

1257

1260

2.9

13
1657

2.3
1863

4.8
1476

2.1

491.0
1 381 4
312.2
9702
1 3750
5752
441 1

4874
1 4629
2934
9077
1 341 0
5600
4482

93.18

91.81

1.0

1.0

.5

-.2

1261

1264

2.7

2.9

2.7

2.9

1435
15
1653

1435
17
1660

1440
18
1667

1443

2.3

2.0

2.6

2.4

187.0

1872

1874

1260

1.5
1666
188.6

4.7

4.5

1480

1481

1.9

2.2

2.6

1.5

4940

4996
1 5064
3229

5046
1 4906
3379
1 0472
1 4402

4866
1 4689

1 5104

311 6

3254

9545
1 3253
580'o
4483

1 021 3

94.59

94.32

1 4057
6344
4675

3.9
1482

3.9
1484

24
1185

—5
1267

34
1444

18
1664

114.6

115.0

1090
107
106
106

'1095

1090

105
107
107

107
107
108

1051
1047

1048
1051

1458

1462

107

109

'116.0
111

'1137

'1111

108
107

'110

115.9

1068
1046

'108
1063
1060

1107
1074

1467

1472

1474

1475

1480

119.6

1192

110
109

29

25

23

25

32

1186

118.7

118.7

119.3

1195

.7

.7

.7

1269

1280

1285

1287
r
3.3
1452
17
1674

.7

35

3.5

3.2

1443
17
1667

1445
18
1660

1449
17
1670

1290

2.8

3.1

2.7

23

1906

191 3

191 7

1922

3.3
149 1
-.9

3.5

3.4

3.6

3.6

3.2

1488
-1.6

1488
-1.5

1477
-2.5

1476
-2.3

1476

92.07

93.29

95.47

'111

129 3

'1295

1296

1459

1458

1700

1700

1692

1929

1933

1936

1473

1476

1482

-12

5130
5145
4865
5045
4905
4948
1 3760 1 445 1 1 4669 1 4570 1 4886 1 526 2
3742
3727
3802
3969
3998
3631
*373 1
1 111 5 '1 1458 '1 141 4 ' 1 095 8' 1 072 1
' 1 075 8 ' 987 1
1 5843 1 5843 1 5206 1 4883 1 4726 1 4099 '
1 509 1
6227
*7033
8239
757 1
6468
6999
8156
4892
5147
4999
4822
4889
4883
4548

111 08
10741
10769
10702
10557
10377
10788
10991
1.7157
1.6545
1.6547
1.6944
1.6405
1.6219
1.7005
1.7105
5.6669
57541
55700
58464
59298
56724
59069
58477
6662
6687
6656
6630
6705
6558
6753
6706
1 573 41 1 505 05 1 586 02 1 603 75 1 569 10 1 60093 1 666 31 1 687 17
1.2902
12789
1 2820
1 3215 1 3263
1 3080
1 3174
1 3308

96.54

95.79

94.35

1.7426
59207

10630
1.7355
58955
6760

1.6909
57647
6703

'259.6
232.6

'260.1
'234.0

'260.3
237.1

1484

1459

5069
1 3087

95.73

'117.2

28
1456
17
1694

2.2

4809

'116.9

116.3
'111
'110 1
'110
'110
'109
'1106
'1081

109

1895

4509

6172

r

1140
'108

1895

2.4

5035
1 381 9
3457
1 0238
1 4308
5752
4723

1 0071
1 414 1
6331

r

92.79

91.60

10348
1.6984
58170
6746

10375
1.6565
56728
6648

10253
1.6271
55597
6552

'261.5
'237.2

'262.4
239.4

'262.5
'239.5

94.39

491 0

1 4985
372Q
'9982
1 426 4

'7403
4722
89.06

9845
1.5674
53702
6701
6465
1 699 45 1 585 gg 1 666 53 1 626 07 1 594 56 1 592 22 1 56231
1 3173 'l 3424
1 3644
1 3808
1 3836
1 3830
1 3826
111 44

10510

16. ALTERNATIVE COMPOSITE INDEXES
990*
991 •

4

CIBCR long-leading composite index, 1967«100
CIBCR short-leading composite index, 1967=100 4

See footnotes on page C-6.




254.9
224.2

'253.7
223.1

'254.4
222.2

'254.7
'223.8

'254.1
226.4

'255.9
226.7

'258.0
229.9

'261.0
230.7

'264.2
'239.2

SURVEY OF CURRENT BUSINESS

C-6 • August 1994

FOOTNOTES FOR PAGES Ol THROUGH €-5
a
AR

c

NSA
p
r
*
§
o

Annual rate.
Corrected.
Copyrighted.
Estimated.
Later data listed in notes.

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 $ 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 f 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 the 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 through C-32 in the April 1994 SURVEY.

Page C-1
NOTE.—Major data revisions:
Manufacturers' new orders in 1987 dollars, consumer goods and materials (BCI-8)—see note for
page C-2.
Contracts and orders for plant and equipment in 1987 dollars (BCI-20)—see note for page C-2.
* Preliminary August 1994 values: BCI-19 = 462.57 and BCI-109 = 7.46.
1. Data exclude Puerto Rico, which is included in figures published by the source agency. From
August 1992 through April 1994, data include initial claims made under the July 1992 Emergency
Unemployment Compensation amendments.
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 BCl-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.

Page C-2
NOTE.—Major data revisions:
Manufacturers' new orders in 1987 dollars, consumer goods and materials (BCI-8) and manufacturers' new orders in 1987 dollars, nondefense capital goods (BCI-27) have been revised from 1991 forward
to incorporate revisions in the price indexes used as deflators. For further information, contact the U.S.
Department of Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC
20230.
Contracts and orders for plant and equipment in 1987 dollars (BCI-20) has been revised from 1991
forward to incorporate the revision in BCI-27 (see above) and the revision in the value of construction
put in place (see note for page C-2 of the July 1994 SURVEY). For further information, contact the U.S.
Department of Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC
20230.
* Anticipated 3d quarter 1994 values: BCI-61 = 639.71 and BCMQO = 611.27; anticipated 4th quarter
1994 values: BCI-61 = 640.12 and BCI-100 = 612.68.
1. Data beginning January 1994 are based on the revised Current Population Survey and are not
directly comparable with data for earlier periods.
2. Data exclude Puerto Rico, which is included in figures published by the source agency. From
August 1992 through April 1994, data include initial claims made under the July 1992 Emergency
Unemployment Compensation amendments.
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-3
* Preliminary August 1994 value: BCI-23 = 304.8.
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-4
NOTE—Major data revision: Series on productivity and costs (BCI-26, -63, -345, -346, -358, and
-370) have been revised from 1991 forward to incorporate revised output and compensation measures
reported in the national income and product accounts (see note for page C-2 of the July 1994 SURVEY)
and updated seasonal adjustment factors. For further information, contact the U.S. Department of Labor,
Bureau of Labor Statistics, Office of Productivity and Technology, Division of Productivity Research,
Washington, DC 20210.
* Preliminary August 1994 values: BCI-122 = 89.0, BCI-123 = 88.9, and BCI-85 = 0.20.
1. 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.
2. 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 August 1994 values: BCI-119 = 4.39, BCI-114 = 4.50, BCI-116 = 8.26, BCI-115 = 7.55,
BCI-117 = 6.21, BCI-109 = 7.46, BCI-19 (1941-43=10) = 462.57, BCI-19 (1967=100) = 503.2, BCI-748
= 1,502.4, BCI-745 = 383.6, BCI-746 = 1,029.2, BCI-742 = 1,492.6, BCI-747 = 721.6, BCI-743 = 480.0,
BCI-750 = 89.19, BCI-758 = 99.94, BCI-755 = 1.5625, BCI-756 = 5.3536, BCI-752 = 0.6480, BCI-757
= 1,581.48, and BCI-753 = 1.3797.
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
through C-32 in the April 1994 SURVEY.
• 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




(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

SURVEY OF CURRENT BUSINESS

August 1994 • C-7

Composite Indexes
Aug. Apr.

Apr. Feb.

P T

P

T

Jan. July July Nov.
PT
P
T

July Mar.
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—The numbers and arrows indicate length ol leads (-) and lags (+) in months from business
Tycle turning dates. Current data for these series are shown on page C-1




SURVEY OF CURRENT BUSINESS

C-8 • Aug

Composite Indexes: Rates of Change
Aug. Apr.

P T

Dec. Nov.
P T

Apr. Feb.

P

T

Jan. July July Nov.
PT
P
T

July Mar.
P T

Pgrc^ihange over3-nionthspanl|nn"glrate

siteindexcf 4coi

930c. Coriposit*

Composite Indexes: Diffusion
xof 11 leadir g indicator c

Percent of components rising over 6-month span

of 4 coinci lent in icator comoonents

1 1 t-l-t i i i 1 1 mi i i i I i M 1 1 i I i M i 1 1 1 i i i i i 1 1 1 1 i M I rrrt M I N I i i i nnJ i i i 1 1 1 1 1 1 1 i 1 1 i 1 1 1 m 111K j-i i 1 1 1 1 1 i i 1 1 1 1 i M I N I i n I nit 1 1 1 1 1 1 1 in 1 1 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.




SURVEY OF CURRENT BUSINESS

C-9

Composite Indexes: Leading Index Components
Aug. Apr

P T

Jan. July July Nov.
PT
P
T

Apr. Feb.

P

T

July Mar.
P T

(housa ids—irivertec sc ale

Veiidorix rfornu nce^f Jo

LLLJJjJ.
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-10 •

AUK
ist 1994

SURVEY OF CURRENT BUSINESS

Composite Indexes: Leading Index Components—Continued
Aug. Apr.
P T

Apr. Feb.
P T

Jan. July July Nov.
PT
P
T

July Mar.
P T

Michi jan2 (hdex: 1966:1=

1957 58 59 60 61 62 63 64 65

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

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
Irom the University of Michigan, Survey Research Center.




NOTE.—Current data for these series are shown on page C-1.

SURVEY OF CURRENT BUSINESS

August 1994

Composite Indexes: Coincident Index Components
Aug. Apr.

P T

Apr. Feb.

P

T

1957 58 59 60 61 62 63 64 65 66 67 68
NOTE.—Current data for these series are shown on page C-1.




Dec. Nov.

P

T

Jan. July July Nov.
PT
P
T

July Mar.
P T

70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 931994

C-ll

C-12 •

SURVEY OF CURRENT BUSINESS

August 1994

Composite Indexes: Lagging Index Components
Aug Apr.
P T

Apr. Feb.

P

T

Dec. Nov.
P

Jan. July July Nov.
PT
P
T

T

July Mar.
P T

Average duntiono unermloyrridnt (wesks—ir

%
manuf icturm 3 and trade ir ventories to s ales ir

n indeK of lat or cost per unit of output, nanufc

arge< by ba iks (p< rcent)

(outstanding to

Price llndex'or

!'!j
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
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.




8990 91 92 931994

SURVEY OF CURRENT BUSINESS

August 1994

• C-J3

Employment and Unemployment
Dec. Nov.

P

Nov.

Mar.

P

T

T

Jan. July
P T

July Mar.
P T

July
P

me hours of product on or

46. Help -wanted Jdvertisi ig

s-p roducinc industri es (millic n

1966 67

68 69

70

71

72

73

74

75

NOTE.—Current data for these series are shown on page C-2




76

77

78 79

80

81

82 83

84 85 86

87

88 89

90 91 92

93 1994

C-14 •

August 1994

SURVEY OF CURRENT BUSINESS

Output, Production, and Capacity Utilization

nonduratlemanulactures

1966 67

68 69

70

71

72

73

74

75

NOTE.—Current data for these series are shown on page C-2.




76

77

78 79

80

81 82

83

84 85

86

87

88 89

90 91

92

93 1994

SURVEY OF CURRENT BUSINESS

C-15

Sales and Orders

Wages and Consumer Attitudes

1966

67

68 69

70

71

72

73

74

75

76

NOTE.—Current data for these series are shown on pages C-2 and C-4.




77

78 79

80

81

82 83

84

85

86

87

88

90

91 92

93 1994

C-16 •

August 1994

SURVEY OF CURRENT BUSINESS

Fixed Capital Investment
Dec. Nov.
P T

1966 67

68

70

Nov.
P

71

72

73

Mar.
T

74

75

76

77

78 79

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.




July Mar.
P T

Jan. July July
P T
P

80 81

82

83

84

85

86

87

88

89

90

91

NOTE.—Current data for these series are shown on page C-2.

92

93 1994

SURVEY OF CURRENT BUSINESS

August 1994

• C-17

Fixed Capital Investment—Continued
Jan. July July
P T
P

1966 67

68 69

70

71

72

73

74

75

76

1. Dotted line represents anticipated expenditures.
NOTE.—Current data lor these series are shown on pages C-2 and C-3.




77

78

79

80

81

Nov.
T

82

83

July Mar.
P T

84

85

86

87

88

89

90

91

92

93 1994

C-18 •

SURVEY OF CURRENT BUSINESS

August 1994

Fixed Capital Investment—Continued
Nov.

Mar.

P

T

Jan. July
P T

July
P

Nov.
T

July Mar.
P T

Inventories and Inventory Investment
inventories in 1987dollars,(

ing and t-ade invc ntories

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-3.




SURVEY OF CURRENT BUSINESS

August 1994 * C-19

Prices and Profits

prices, ray mdusti)ial ma

rofits after tax

ts after tax to cor oorate d< imestic

l^rtio, qo rporate domesti profits ifter tax
corpo n te dome) itic incor ie, Q (pe rcent)

, implic
or, Q (in

1966 67 68 69 70 71 72

ce d jflator to unit

73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 1994

IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.




IVA mdCCAJjt

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.

C-20 •

August 1994

SURVEY OF CURRENT BUSINESS

Money, Credit, and Interest Rates
Nov.
P

Mar.
T

Jan. July July
P T
P

Nov.
T

JulyMar.
P T

cortsumer installmer
bil.
U-,L

by private iponfinanfial b
Jate, ~ ""

1966 67

68 69 70 71 72

73 74 75 76 77 78 79 80 81

NOTE.—Current data for these series are shown on page C-4.




82

83

84

85

86

87

88

90

91

92

93 1994

SURVEY OF CURRENT BUSINESS

August 1994

Money, Credit, and Interest Rates—Continued
Dec.

Nov.

P

T

Jan. July July
F T P

Nov.
T

July Mar.
P T

•ade con orate bo ids (per

Alternative Composite Indexes

1966 67

68 69

70

71

72

73

74

75

76

77

CIBCR Center for International Business Cycle Research (Columbia University).
NOTE.—Current data for these series are shown on page C-5.




78 79

80

81

82

83

84

85

86

87

88 89

90

91

92

93 1994

• C-21

C-22 •

SURVEY OF CURRENT BUSINESS

August 1994

Prices
Dec. Nov.
P T

Nov.
P

Jan. July July Nov.
P T
P
T

Mar.
T

July Mar.
P T

"TjAja^ggji^fflgissasMaafaraFTW "

r mf

i

r

Percent change
at annual rate
*S^E:
311c. F xed-weu |hted pri :e index, yossfk mestic business

20

Cons imer Priie Indexe s for all
20

323c. AH items I »ss food and eneigy

20

Prod icer Pric j Indexe: >—
336c. Finished (pods

20-i

100-10-

337?if Jij$te$£ oodsles sfoods nd enerc

20-i

10-10-1

334c. F rtished t onsumei goods

20-i
10-10-1
20-,

Hi
"IS
-10J

20-i
100-10-

5040302010-

0-10-20-30-1

1966 67

68 69

70

71

72

73

74

75

NoiE.—Current data for these series are shown on page C-3




76

77

78 79

80

81

82

83

84

85

90

91

92

93 1994

SURVEY OF CURRENT BUSINESS

August 1994

Other Measures
Nov.

Mar.

P

T

Jan. July
P T

July
P

Nov.
T

July Mar.
P T

saving i ale, Q (p jrcent)

Govern nent sur olus or d sf i

output f er hour

perso is, busir ess sect >r (ann
4-q jarter sp m

FeceralGovjrnment purchases for

Merchandise impprts
9 (ann.

Merchcndiseexjorts
excluding military

1966 67

68 69 70

71 72

73

74

75

76

NOTE.—Current data (or these series are shown on pages C-4 and C-5.




77

78 79

80

81

82

83

84

85

86

87

88 89

90

91

92

93 1994

C-23

C-24 •

August 1994

SURVEY OF CURRENT BUSINESS

International Industrial Production
Jan. July July
P T
P

1966 67

68 69 70

71

72

73

74

75

NOTE.—Current data tor these series are stiown on page C-5.




76

77

78 79

80

81

Nov.
T

82

July Mar.
P T

83

84

85

86

87

88

90 91 92

93 1994

SURVEY OF CURRENT BUSINESS

August 1994

International Consumer Prices
Dec. Nov.
P
T

Jan. July July
P T
P

Nov.
T

July Mar.
P T

Percent change over 6-month

1966 67
NOTE.—Current data for these series are shown on page C-5.




92

93 1994

C-25

C-26

SURVEY OF CURRENT BUSINESS

August 1994

International Stock Prices
Nov.
P

Dec. Nov.
P
T

1966 67

68 69

70

71

72

73

74

75

NOTE.—Current data for these series are shown on page C-5.




Jan. July July
P T
P

Mar.
T

76

77

78 79

80

81

Nov.
T

82

July Mar.
P T

83

84

85

87

88

89

90

91

92

93 1994

SURVEY OF CURRENT BUSINESS

J

Rates
Jan. July July
F T P

Dec. Nov.
P
T

Nov.
T

July Mar.
P T

8
1966 67

68 69

70

71

72

73

74

75

NOTE.—Current data for these series are shown on page C-5.




76

77

78 79

80

81

82

83

84

85

86

87

88 89

90

91

92

93 1994

Comprehensive Information
on the U.S. Economy
SUKVBY o/CURRENT BUSINESS

The SURVEY OF CURRENT BUSINESS provides the broad scope
and the statistical detail to keep you informed, month by
month, about U.S. economic conditions. It is the journal of
record for many of the headline-making economic statistics
that influence decisionmakers in business and government,
including:
Gross domestic product (GDP),
Personal income (both national and regional),
Leading economic indicators, and
U.S. balance of payments.

The SURVEY'S articles analyze these numbers and present the
statistical detail and methodologies that underlie them.
The SURVEY also contains the "Business Cycle Indicators"
section, which consists of tables for about 270 series and
charts for about 130 series that are widely used in analyzing
current cyclical developments.
To keep up with the rapidly changing U.S. economy,
subscribe to the SURVEY OF CURRENT BUSINESS today.

Superintendent of Documents Subscriptions Order Form
Order Processing Code:

Charge your order.
It's Easy!

*6121
I I YES, enter my subscription(s) as follows:

To fax your orders (202) 512-2233

,subscription(s)of SURVEY OF CURRENT BUSINESS, SCUB: second-class mail—$34.00 domestic,
$42.50 foreign; first-class mail — $71.00 domestic. For foreign air mail prices or to place an order by
telephone, call (202) 783-3238.
The total cost of my order is $_
(Company or Personal Name)
(Additional address/attention line)

(Please type or print)

For privacy protection, check the box below:
Q Do not make my name available to other mailers
Please choose method of payment:
Q Check Payable to the Superintendent of Documents
Q G P O Deposit Account M i l l ! ! !""["]
I I VISA or MasterCard Account

(Street address)
(City, State, ZIP Code)

(Credit eard expiration date)

Thank you for
your order!

(Daytime phone including area code)
Digitized for(Purchase
FRASER Order No.)


(Authorizing Signature)

03/94

Mail To: Superintendent of Documents
P.O. Box 371954, Pittsburgh, PA 15250-7954 USA

BEA INFORMATION
BEA'S economic information is available in publications, on computer tapes, on diskettes, and through a variety of other products arid services. Most of these are described
in A User's Guide to BEA Information. For a copy, write to the Public Information Office, BE~53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington,
DC 20230, or call (201) 606-9900,

Recent Publications from GPO
FROM: Superintendent of Documents, P.O. Box 371954,
Pittsburgh, PA 15250-7954. Payment may be by check (made payable to Superintendent of Documents) or charged to a GPO deposit
account number, VISA, or MasterCard, Phone (202) 783-3238 or
fax (202) 512-2250,

National Income and Product Accounts of the United States. (1992j) Two volumes. Presents the Ml set of national income and product
xounts (NIPA) estimates for 1929-88 that resulted from the most recent
^mprehensive, or benchmark, revision. Text describes the statistical
>nventions used in the NIPA'S and the definitions and classifications uneriying the accounts*
Vol iri£2£~5$. 264 pp. $15.00 (GPO STOCK NO* 003-010-00236-1).
Vol &• i5>59~#£ 424 pp. $25.00 (GPO STOCK NO. 003-010-00231-0).
Fixed Reproducible Tangible Wealth in the United States, 1925-89.
993) Contains annual estimates of the stock of privately owned and
overnment-owned durable equipment and structures and of durable
sods owned by consumers in the United States for 1925*89. Estimates
re for fixed nonresidential private capital by major industry group, for
*sidential capital by tenure group, for government-owned fixed capital
y type of government, and for n types of durable goods owned by conimers, 460 pp. $25.00. (GPO STOCK NO. 003-010-00235-2).
The 1982 Benchmark Input-Output Accounts of the United States.
1991) Presents tables for 541 industries/commodities showing the prouction of commodities (goods and services) by each industry, the use of
Dmmodities by each industry, the commodity composition of GNP, and
le industry distribution of value added. Prepared primarily on the basis
f data collected in the 1982 Economic Censuses. 368 pp. $19.00 (GPO
POCK NO. 003-010^00226^3).
BEA Regional Projections to 2040. (1990) Three volumes. Presents reional projections for selected economic and population variables for
?95» 2000, 2005, 2010, 2020, and 2040. Includes projections for employlent and earnings by industry and for personal income, as well as a
tatement of methodology,
Vol i: States, Out of print at GPO. Call BEA at (202) 606^5341 for availability.
Vol ~&~ Metropolitan Statistical Arms, 352 pp. $17.00 (GPO STOCK NO,
003-010-00211-5).
Vol 3: BEA Economic Areas, 200 pp, $10,00 (GPO STOCK NO. 003-010-

"00212-3), " v ...... ..... : .......... ...... ........ ;............"•"...........; ". ...... " "" ......

Regional Multipliers: A User Handbook for the Regional Input-Outut Mojdeling System (RIMS xx). (1992) Presents updated tables of reional input-output (i-o) multipliers by industry, for output, earnings,
nd employment, for all States and the District of Columbia. Multipliers




are shown on a direct-effect and a final-demand basis. Explains how to
obtain multipliers for over 500 industries for any geographic area composed of one or more U.S, counties or county equivalents. Includes case
studies. 124 pp. $13.00 (GPO STOCK NO, 003-010-00227-1),
Foreign Direct Investment in the United States: Operations of U.S.
Affiliates of Foreign Companies, Revised 1991 Estimates, (1994) Presents
revised results for 1991 from BBA'S annual survey covering the financial
structure and operations of nonbank U.S. affiliates of foreign direct investors. Data are classified by industry of U.S. affiliate, by country and
industry of ultimate beneficial owner, and, for selected data, by State. 92
pp. $6.00 (GPO STOCK NO. 003-010-00246-8).
Foreign Direct Investment in the United States: Establishment Data
for 1987. (1992) A joint effort by BEA and the Bureau of the Census, this
publication provides new data on operations of U.S. affiliates of foreign
direct investors in much greater industry detail than has been available in
the past Over 800 4-digit sic industries are covered. Presents the number,
employment, payroll, and shipments or sales of the establishments. Data
are disaggregated by industry, by State, and by country of ultimate beneficial owner. 696 pp. $36.00 (GPO STOCK NO. 003-010-00228-0).
Foreign Direct Investment in the United States: Establishment Data
for Manufacturing. (1994) A joint effort by BEA and the Bureau of the
Census, this series of publications presents new data for foreign-owned
U.S. manufacturing establishments (plants), including data on their
number, value added, shipments, employment, total employee compensation, employee benefits, hourly wage rates of production workers, cost
of materials and energy used, inventories by stage of fabrication, and ex- ;
penditures for new plant and equipment. The data are disaggregated by
detailed industry (up to 459 Industries), by Stated and by country of investor. 1990: 216 pp. $14,00 (GPO STOCK NO. 003-010-00242-5); 1989: 204 pp.
$13.00 (GPO STOCK NO, 003-010-00243-3); 1988: 204 pp. $13.00 (GPO
STOCK NO, 003-010-0O244-l).

U.S. Direct Investment Abroad: 1989 Benchmark Survey, Final Results. (1992) Presents final results of the latest benchmark survey of the
worldwide operations of U.S. multinational companies. Contains detailed 1989 data on the financial structure and overall operations of U.S.
parent companies and their foreign affiliates in 263 tables organized by
industry of parent or by country and industry of affiliate. Also contains a
complete methodology and copies of survey forms and instructions. 448
pp. $25.00 (GPO STOCK NO, 003-010-00234-4).

K
*U.S.
Direct Investment Abroad: Operations of U.S, Parent Companies

and Their Foreign Affiliates, (1994) Two publications containing results
for 1991 and 1992 from BEA'S annual survey of the worldwide operations
of US . multinational companies. Contains information on the financial
structure and operations of U.S. parent companies and their foreign affiliates. Data are classified by country and industry of affiliate and by
industry of U.S. parent. 100 pp. $6,50 each, Preliminary 1992 Estimates:
GPO STOCK NO. 003-010-00245-0; Revised 1991 Estimates: GPO STOCK NO.
003-010-00244*1.

UNITED STATES
GOVERNMENT PRINTING OFFICE
SUPERINTENDENT OF DOCUMENTS
WASHINGTON, DC 20402

SECOND CLASS MAIL
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, July 1994
Gross Domestic Product, 2d quarter 1994 (final)
Corporate Profits, 2d quarter 1994 (revised)
Personal Income and Outlays, August 1994

* Sept 20
Sept. 29
Sept. 29
Sept. 30

Composite Indexes of Leading, Coincident, and Lagging Indicators, August 1994
U.S. International Trade in Goods and Services, August 1994
State Personal Income, 2d quarter 1994
Gross Domestic Product, 3d quarter 1994 (advance)
...
Personal Income and Outlays, September 1994

Oct.
* Oct.
Oct.
Oct.
Oct.

Composite Indexes of Leading, Coincident, and Lagging Indicators, September 1994
U.S. International Trade in Goods and Services, September 1994
Gross Domestic Product, 3d quarter 1994 (preliminary)
Corporate Profits, 3d quarter 1994 (preliminary)

Nov. 2
* Nov. 18
Nov. 30
Nov. 30

Personal Income and Outlays, October 1994
Composite Indexes of Leading, Coincident, and Lagging Indicators, October 1994
Summary of International Transactions, 3d quarter 1994
U.S. International Trade in Goods and Services, October 1994
Gross Domestic Product, 3d quarter 1994 (revised)
Corporate Profits, 3d quarter 1994 (revised)
Personal Income and Outlays, November 1994
Composite Indexes of Leading, Coincident, and Lagging Indicators, November 1994

Dec.
Dec.
Dec.
* Dec.
Dec.
Dec.
Dec.
Dec.




* Joint release by the Bureau of the Census and BEA.
For information, call (202) 606-9900, Bureau of Economic Analysis, U.S. Department of Commerce.

4
19
20
28
31

i
2
14
20
22
22
23
29