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AUGUST I998 ^
VOLUME 78 NUMBER
8
SURVEY of CURRENT BUSINESS
IN THIS ISSUE . . .
Annual Revision of the NIPA '$
U.S. DEPARTMENT OF COMMERCE ^
ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
A0QUST 1998
VOLUME 7 8 NUMBER
8
SURVEY of
CURRENT BUSINESS
SURVEY OF CURRENT BUSINESS (ISSN
0039-6222). Published monthly by the
Bureau of Economic Analysis of the U.S.
Department of Commerce.
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correspondence should be addressed to the
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BUSINESS, Bureau of Economic Analysis,
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- AM> STATISTICS
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THIS ISSUE ofthe SURVEY went to the printer on August 12,1998*
Itincorporates data from thefoIlowingmonthiyBEAnews releases:
US. International Trade in Goods and Services (July xy)»
Gross Domestic Product {July 31), and
Personal Income and Outlays (August 3),
August 1998
SURVEY OF CURRENT BUSINESS
TABLE
OF
CONTENTS
special in this issue
7
Annual Revision of the National Income and Product Accounts:
Annual Estimates, 1995-97, and Quarterly Estimates, 1995:1-1998:1
The revised NIPA estimates show somewhat faster economic growth and a
somewhat slower increase in prices than were shown by the previously published
estimates. Over the period covered by the revisions, the average growth rate of
real GDP was revised up 0.3 percentage point to 3.4 percent, and the average
increase in the price index for gross domestic purchases was revised down 0.3
percentage point to 1.8 percent. Personal saving (and the personal saving rate)
was revised down substantially, and undistributed corporate profits and the
State and local government surplus or deficit were revised up substantially.
The annual revisions reflect the incorporation of regular source data and
the introduction of the following major changes in methodology: A redefinition affecting dividends paid by regulated investment companies (mutual
funds); new source data for several types of consumer services; geometric-meantype consumer price indexes for deflation of detailed components of personal
consumption expenditures (PCE); and several new price measures—primarily
producer price indexes and international price indexes—for deflation of PCE,
fixed investment, exports and imports, and government spending.
l\egular features
1
Business Situation
Real GDP increased 1.4 percent in the second quarter of 1998 after increasing
S.5 percent in thefirstquarter; the deceleration was primarily accounted for by
a sharp downturn in inventory investment and by a slowdown in investment
in producers' durable equipment. The price index for gross domestic purchases
increased 0.4 percent in the second quarter after decreasing 0.2 percent in the
first.
167 Personal Income by State and Region, First Quarter 1998
Personal income in the Nation increased $112.0 billion, or 1.6 percent, in the
first quarter of 1998; the largest increase was in the Southeast region, which
accounted for 25 percent of the growth. By State, the fastest growth in personal
income was in Alaska, South Carolina, Massachusetts, Colorado, and Arizona.
The slowest growth was in North Dakota, Delaware, Vermont, and Arkansas.
— Continued on next page —
ii
SURVEY OF CURRENT BUSINESS
l\eports and statistical presentations
36 . National Income and Product Accounts Tables
119
Annual NIPA Revision: Revised Estimates for 1982-94
147
GDP
D-l
and Other Major NIPA Series, 1929-97
BEA Current and Historical Data
National Data:
D-3 Domestic Perspectives
D-5 Charts
International Data:
D-7 Transactions Tables
D-13 Investment Tables
D-l 8 International Perspectives
D-20 Charts
Regional Data:
D-21 State and Regional Tables
D-25 Local Area Table
D-27 Charts
Appendixes:
D-29 Appendix A: Additional Information About BEA'S NIPA Estimates
D-31 Appendix B: Suggested Reading
Inside back cover: BEA Information
(A listing of recent BEA publications availablefromGPO)
Back cover: Schedule of Upcoming BEA News Releases
August 1998
SURVEY OF CURRENT BUSINESS
August 1998
BUSINESS
This article was
prepared by Daniel
Larkins, Larry R.
Moran, Ralph W.
Morris, and
Deborah Y. Sieff.
SITUATION
decelerated in the second
quarter of 1998, according to the "advance"
estimates of the national income and product accounts (NIPA'S), as real gross domestic
product (GDP) increased 1.4 percent after increasing 5.5 percent (revised) in the first quarter
(chart 1 and table 1).1 Real final sales of domestic product—GDP less change in business
inventories—decelerated much less, as a 3.9percent increase followed a 4.3-percent increase.
CONOMIC GROWTH
1. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted
annual rates unless otherwise specified. Quarter-to-quarter dollar changes
are differences between the published estimates. Quarter-to-quarter percent
changes are annualized and are calculated from unrounded data. Real estimates are expressed in chained (1992) dollars, and price indexes are chain-type
indexes.
NIPA estimates beginning with the first quarter of 1995 have been revised;
see "Annual Revision of the National Income and Product Accounts: Annual
Estimates, 1995-97, and Quarterly Estimates, 1995:1-1998:1" in this issue.
Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real
Final Sales to Domestic Purchasers
[Seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Level
1998
Change from preceding
quarter
1997
The price index for gross domestic purchases
increased 0.4 percent after decreasing 0.2 percent.
The deceleration in real GDP primarily reflected
a sharp downturn in inventory investment: Inventory accumulation slowed to $44.7 billion in
the second quarter from $91.4 billion in the first;
in the fourth quarter of 1997, accumulation had
been $66.3 billion. Also contributing to the deceleration was a slowdown in producers' durable
equipment (PDE), which was mainly accounted
for by transportation equipment and information
processing equipment.
The largest contributors to the second-quarter
increase in real GDP were personal consumption
Selected Measures;
Change From Preceding Quarter
Percent
REAL GROSS DOMESTIC PRODUCT
Percent change from
preceding quarter
1998
1997
1998
26.3
4.2
3.0
5.5
1.4
-6.9 -20.6
42.6 33.8
10.6
13.5
4.4
6.3
-2.8
15.7
-6.0
72.4
4.6
3.2
7.8
3.8
74.1 71.4
25.5 17.1
26.9 21.9
24.5 33.6
55.4 35.1
45.7 25.6
-2.6 -2.3
52.4 30.9
9.4
10.6
24.9 -46.7
23.2
1.6
3.1
6.2
16.8
5.1
4.7
12.0
17.0
12.4
18.8
-.4
2.8
3.1
-.4
4.3
3.6
1.8
.9
2.2
8.2
Gross domestic product
7,491.0
74.7
53.4 100.1
Less: Exports of goods and services ..
Plus: Imports of goods and services ...
971.3
1,224.2
24.5
35.3
10.7
17.3
Equals: Gross domestic purchases .
7,717.3 83.7
59.0 142.8
5,126.5 74.3
727.4 25.8
1,543.1 18.6
2,862.9 31.8
1,260.0 32.3
957.5 34.0
5.9
200.8
769.7 28.8
-.2
307.9
44.7 -28.0
36.6 -28.1
34.0
5.2
-1.4
29.4
10.2
4.0
.5
3.8
REAL GROSS DOMESTIC PURCHASES
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic fixed investment
Nonresidential fixed investment
Structures
Producers' durable equipment
Residential investment
Change in business inventories
Nonfarm
Farm
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Final sales to domestic purchasers
Final sales of domestic product
8.4
1,294.8
453.8
300.0
153.0
841.2
.5
4.5
-1.5
-1.5
0
5.9
7,668.8 109.7
7,442.5 100.8
5.6
15.5
18.7
.3 -6.2
-2.4 -10.4
-1.5 -15.4
4.6
-.9
4.2
2.8
11.8
7.7
6.7
1.1
4.1
44.1 120.1 116.6
38.5 77.7 70.0
5.8
6.1
15.8 10.0
7.4 5.9
3.5 4.8
20.4 11.9
22.2 11.4
-4.9 -4.5
34.3 17.8
15.6 13.2
GROSS DOMESTIC PURCHASES PRICE INDEX
1.4
-1.2
-1.8
-.1
2.9
-1.9
-2.1 -8.8
-2.0 -18.5
-2.3 13.1
2.1
1.3
3.7
7.0
9.4
2.8
2.0
6.6
4.3
6.3
3.9
2.4
2.1
lllllllll.il
I
I
1995
1996
I
1997
Mote—Percent change at annual rate from preceding quarter;
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar
value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1992) dollar levels and residuals,
which measure the extent of nonadditivity in each table, are in NIPA tables 1.2, 1.4, and 1.6. Percent changes are calculated from
unrounded data. Percent changes in major aggregates are in NIPA table 8.1.
US. Department of Commerce, Bureau of Economic Analysis
1998
2 • August 1998
SURVEY OF CURRENT BUSINESS
expenditures (PCE) and PDE. PCE more than accounted for the growth, increasing 5.8 percent
and contributing 3.9 percentage points to overall
growth; purchases of durable goods, nondurable
goods, and services all rose.2 PDE increased 17.8
percent and contributed 1.3 percentage points;
the increase was largely accounted for by information processing equipment (which includes
computers and peripheral equipment). Also con-
tributing to the second-quarter increase in real
GDP were government spending and residential
investment. Government spending increased 3.7
percent, largely reflecting spending by the Federal
Government for national defense, and residential
investment increased 13.2 percent, reflecting increases in single-family structures and in "other"
residential investment (which includes brokers'
commissions).
2. NIPA table 8.2 shows the contributions of the major components of
GDP to the quarter-to-quarter percent change in real GDP.
These positive contributions to GDP growth
were largely offset by negative contributions from
Second-Quarter 1998 Advance GDP Estimate: Source Data and Assumptions
The "advance" GDP estimate for the second quarter
is based on preliminary and incomplete source data;
as more and better data become available, the estimate will be revised. The advance estimate is based
on the following major source data. (The number
of months for which data were available is shown in
parentheses.)
Personal consumption expenditures: Sales of retail stores
(3) and unit auto and truck sales (3);
Nonresidential fixed investment Unit auto and truck
sales (3), construction put in place (2), manufacturers*
shipments of machinery and equipment other than aircraft (3), aircraft shipments (2), and exports and imports
of machinery and equipment (2);
Residential investment Construction put in place (2)
and single-family housing starts (3);
Change in business inventories: Manufacturing and
trade inventories (2) and unit auto and truck inventories
(3);
Net exports of goods and services: Exports and imports
of goods and services (2);
Government consumption expenditures and gross investment Department of Defense outlays (3), other Federal
outlays (3), State and local construction put in place (2),
and State and local employment (3);
GDP prices: Consumer Price Index (3), Producer Price
Index (3), U.S. Import and Export Price Indexes (3), and
values and quantities of petroleum imports (2).
BEA made assumptions for source data that were not
available. Table A shows the assumptions for key series;
a more comprehensive listing of assumptions is available
on the Department of Commerce's Economic Bulletin
Board or from BEA.
Table A.—Summary of Major Data Assumptions for Advance Estimates, 1998:11
[Billions of dollars, seasonally adjusted at annual rates]
1998
January
Fixed investment:
Nonresidential structures:
Buildings, utilities, and farm:
Value of new nonresidential construction put in place
Producers' durable equipment:
Manufacturers' shipments of complete civilian aircraft
Residential structures:
Value of new residential construction put in place:
1-unit structures
2-or-more-unit structures
Change in business inventories, nonfarm:
Change in inventories for manufacturing and trade (except nonmerchant
wholesalers) for industries other than motor vehicles and equipment in trade
Net exports:2
Exports of goods:
U.S. exports of goods, balance-of-payments basis
Excluding nonmonetary gold
Imports of goods:
U.S. imports of goods, balance-of-payments basis
Excluding nonmonetary gold
Net exports of goods (exports less imports)
Excluding nonmonetary gold
Government consumption expenditures and gross investment:
State and local:
Structures:
Value of new construction put in place
1. Assumed.
2. Nonmonetary gold is included in balance-of-payments-basis exports and imports but is
not used directly in the estimation of NIPA exports and imports.
February
March
April
May
June 1
167.6
167.0
165.4
168.1
165.3
167.8
59.2
50.3
34.8
3B.7
43.8
43.6
172.1
25.1
175.2
25.4
178.8
24.8
181.3
24.9
180.5
23.2
181.8
24.0
98.3
86.1
47.5
36.6
17.7
54.3
694.8
687.6
676.2
672.4
681.7
664.0
660.5
652.3
647.9
655.7
650.6
899.7
932.7
924.8
-246.1
-243.1
920.0
914.8
-256.0
-254.3
925.9
920.2
922.4
-204.9
-204.4
893.6
889.2
-217.4
-216.8
-273.8
-272.3
132.7
132.2
130.9
131.9
126.9
892.0
917.1
-266.7
-266.5
133.7
August 1998
SURVEY OF CURRENT BUSINESS
on the lost production noted above, the strike
accounted for about four-fifths of the secondquarter decrease.3 Final sales of motor vehicles
to domestic purchasers increased 21.8 percent after increasing 10.8 percent. Inventory investment
decreased substantially more than in the first
quarter.
Autos accounted for most of the decrease in
output in the first and second quarters. According to data on units, domestic auto production
decreased to 5.1 million units (seasonally adjusted
annual rate) in the second quarter from 5.6 million in the first and 5.9 million in the fourth
quarter of 1997.
Consumer purchases of motor vehicles increased more than in the first quarter. Factors frequently considered in analyses of consumer spending were mixed in the second quarter. Growth of real disposable personal income
slowed to 2.9 percent from 4.0 percent, but the
Index of Consumer Sentiment (prepared by the
University of Michigan Survey Research Center) remained close to its first-quarter level, the
highest in 45 years, and the unemployment rate
decreased from 4.7 percent to 4.4 percent. Two
factors specific to motor vehicle purchases were
favorable: Manufacturers offered more attractive
inventory investment and from imports and exports of goods and services. The stock of
inventories increased only about half as much as
in the first quarter, imports (which are subtracted
in the calculation of GDP) increased 11.9 percent,
and exports decreased 8.0 percent.
A strike at a motor vehicle manufacturer, which
began June 5 and continued through the end of
the quarter, was a factor in the small secondquarter growth. A quantitative estimate of its
impact would require an estimate of how much
motor vehicle production was reduced by the
strike and how the strike affected production of
other businesses, such as those providing raw materials for the motor vehicle industry. Production
schedules published before the strike indicate that
the production of automobiles and light trucks
was reduced about 190,000 units. If most other
businesses did not alter production because of the
strike and if motor vehicle manufacturers would
otherwise have met their production schedules,
then the strike reduced second-quarter growth
by about one-half percentage point. Among
the components of GDP, this reduction mainly
affected inventory investment, exports, and imports. The strike does not appear to have had an
effect on final sales to domestic purchasers.
Motor vehicles.—Real motor vehicle output decreased 14.5 percent in the second quarter after
decreasing 8.6 percent in the first (table 2). Based
3. Because motor vehicle output covers the value of complete vehicles,
the estimate of the impact of the strike on motor vehicle output does not
require an estimate of the strike's impact on suppliers.
Table 2.—Motor Vehicle Output, Sales, and Inventories
[Seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Level
Percent change from preceding
Change from preceding quarter
1QQQ
1QQ7
1997
1998
Output
Autos
Trucks
258.3
106.8
151.0
.
I
IV
III
II
1998
III
II
IV
I
II
6.9
9.6
-.7
8.6
10.2
-6.2
-5.7
-.4
-10.2
-9.8
-.5
27.2
25.7
28.4
15.2
-2.2
31.9
-17.5
-1.0
-.1
-2.4
-1.4
7.5
-17.0
63.4
131
-?3
-.3
35?
.6
-6?
-304
-flOfl
-306
-15.5
-12.8
-?65
37.5
44.7
-3.5
-?8
15.5
-*6
-145
-?9 5
-1.5
.5
.8
-.8
1.2
0
.8
.1
-.2
1.3
.3
6.4
6.1
1.0
-3.3
-2.2
-1.1
.3
-.3
6.4
1.4
32.7
7.5
-71
16.2
7.7
8.5
5.5
-2.8
8.2
.5
.4
.1
-3.8
-8.9
.1
23.2
20.2
26.8
7.0
-6.5
24.6
.6
1.0
.1
-10.3
-19.2
.4
-22.6
-12.2
-102
-1.2
.5
-1.5
9.5
3.7
-7.7
-4.3
-3.4
-25.2
-12.1
-12.7
Equals: Final sales to domestic purchasers
Autos ..
Trucks
339.4
173.8
165.3
17.6
7.3
10.2
-te
-6.4
8.2
4.6
25.4
19.0
33.6
10.8
11.5
3.5
16.3
2.9
13.4
-5.1
-14?
2.3
64
100
21.8
70
40?
Addenda: Personal consumption expenditures
Producers' durable equipment
Gross government investment
197.9
132.6
10.4
11.9
4.2
-1.7
-.6
-1.9
3.6
5.4
8.0
6.7
-7
1.8
29.9
15.4
65.6
-3.5
-19
-53.5
7.9
191
-24.4
17.8
?31
114.0
Less: Exports
Autos
Trucks
24.6
14.3
10.4
Plus' Imports
Autos
Trucks
83.3
69.4
13.9
Equals: Gross domestic purchases
Autos
Trucks ...
317.0
161.9
154.7
Less' Change in business inventories
Autos
Trucks
NOTE.—See note to table 1 for an explanation of chained (1992) dollars. Truck output includes
new trucks only; auto output includes new cars, and used cars. Chained (1992) dollar levels for
1.3
5.5
-.9
-.8
-5
motor vehicle output, auto and truck output, and residuals, which measure the extent of
nonadditivity in each table, are in NIPA tables 1.4, 8.5, and 8.7.
August 1998
SURVEY OF CURRENT BUSINESS
sales-incentive programs than in the first quarter,
and the average interest rate on new-car loans at
commercial banks decreased from 8.9 percent to
8.7 percent.
Business purchases increased slightly more than
in the first quarter, and government purchases
turned up. Imports decreased after increasing,
and exports decreased substantially after little
change.
Motor vehicle inventory investment decreased
substantially more than in the first quarter. The
second-quarter decrease reflected a sharp pickup
in the liquidation of auto inventories and a swing
from accumulation to liquidation in truck inventories; these liquidations, particularly at the
retail level, reflected the strike. For new domestic
autos, the inventory-sales ratio calculated from
units data decreased from 2.4 at the end of the
first quarter to 1.9 at the end of the second, its
lowest level since the third quarter of 1986; the
traditional industry target is 2.4.
Prices
The price index for gross domestic purchases,
which measures the prices paid for goods and
services purchased by U.S. residents, increased
0.4 percent in the second quarter after decreasing
0.2 percent in the first (table 3). Energy prices
decreased much less than in the first quarter, and
Table 3.—Price Indexes
Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases
1.2
-1.6
-2.1
1998
0.9
Private nonresidential fixed investment
Structures
Producers' durable equipment
Private residential investment
Prices of nonresidential fixed investment decreased 3.3 percent after decreasing 3.0 percent.
Prices of structures increased 2.6 percent, about
the same as in the first quarter, PDE prices
decreased 5.3 percent after decreasing 5.0 percent; prices of information processing and related
equipment decreased a little more than in the first
quarter. Prices of private residential investment
increased 0.8 percent after no change.
0.8
-1.6 -3.4
-2.3 -10.4
-1.9
-4.5
1.1
1.1
1.0
-.2
1.1
1.0
-.1
1.3
3.1
2.6
1.1
0
1.1
1.2
2.3 -20.2
1.3
-7.5
1.0
1.0
1.1
1.4
-1.0
4.3
-2.9
-1.6
3.3
-3.3
-<3.0
2.7
-5.0
-3.3
2.6
-5.3
4.0
2.4
-.2
-.4
.4
1.4
2.2
1.4
1.2
1.8
2.7
1.1
2.7
2.9
2.2
.2
.6
-.1
.1
-.4
1.0
.4
Less: Change in business inventories
Equate Final sales to domestic purchasers
Personal consumption expenditures
Food
Energy
Personal consumption expenditures less food
and energy
PCE prices increased 1.0 percent after no change
in the first quarter, PCE energy prices decreased
7.5 percent after decreasing 20.2 percent; prices
of gasoline and oil decreased less than in the
first quarter, prices of fuel oil and coal decreased
slightly less than in the first quarter, and prices of
electricity and gas increased slightly after decreasing, PCE food prices increased 1.3 percent after
increasing 1.1 percent; prices of fresh fruits and
vegetables accelerated, and prices of nonalcoholic
beverages decreased less than in the first quarter. Prices of PCE less food and energy increased
1.4 percent after increasing 1.1 percent, partly reflecting an upturn in the prices of clothing and
shoes.
Prices of government consumption expenditures and gross investment increased 0.6 percent
after increasing 1.1 percent. Prices paid by the
Federal Government decreased 0.1 percent after
increasing 2.7 percent; nondefense prices turned
down, and national defense prices slowed. Prices
[Percent change at annual rates; based on seasonally adjusted index numbers
(1992=100)]
1997
food prices increased slightly more. The price
index for gross domestic purchases less food and
energy increased 0.7 percent, the same as in the
first quarter (chart 2).
1.0
Gross Domestic Purchases Prices:
Change From Preceding Quarter
Percent
6
•Total
111 I I 111 I • 11 .
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Addendum: Gross domestic purchases less
food and energy
1.0
NOTE.—Percent changes in major aggregates are in NIPA table 8.1. Index number levels are
in tables 7.1, 7.2. and 7.4.
Less Food and Energy
-2
1995
1996
1997
Note-fercent change at annual rate from preceding quarter;
based on seasonally adjusted index numbers (1992-100).
US. Department of Commerce, Bureau of Economic Analysis
1998
August 1998
SURVEY OF CURRENT BUSINESS
paid by State and local governments increased 1..0
percent after increasing 0.2 percent.
The GDP price index, which measures the prices
paid for goods and services produced in the
United States, increased 0.8 percent after increasing 0.9 percent. The GDP price index, unlike the
price index for gross domestic purchases, includes
the prices of exports and excludes the prices of
imports. Export prices decreased 1.9 percent after
decreasing 3.4 percent; prices of foods, feeds, and
beverages and prices of industrial supplies and
materials decreased less than in the first quarter,
while prices of nonautomotive consumer goods
decreased after little change. Import prices decreased 4.5 percent after decreasing 10.4 percent;
prices of petroleum products, prices of industrial supplies and materials, and prices of foods,
feeds, and beverages decreased less than in the
first quarter.
Personal income
Real disposable personal income (DPI) increased
2.9 percent in the second quarter after increasing
4.0 percent in the first (chart 3). Current-dollar
DPI increased 3.9 percent after increasing 4.0 percent. The personal saving rate (saving as a
percentage of current-dollar DPI) decreased to
0.6 percent from 1.2 percent, reflecting a larger
increase in personal outlays than in DPI. (The
saving rate for 1982:1-1998:1 was revised to reflect
a redefinition of personal dividend income and,
thus, of personal income; see "Annual Revision
of the National Income and Product Accounts,"
page 29.)
Personal income increased $77.5 billion in the
second quarter after increasing $99.0 billion in
the first (table 4). Three-fourths of the deceleration was accounted for by a slowdown in wages
and salaries; transfer payments and other labor
income also contributed to the deceleration.
Table 4.—Personal Income and Its Disposition
[Billions of dollars; seasonally adjusted at annual rates]
Selected Personal Income and
Saving Measures
Level
Change from preceding
quarter
1998
Billions $
1997
140
1998
CHANGE IN PERSONAL INCOME
120
I
4,117.1
3,431.5
1,022.7
750.5
931.8
1,477.0
685.6
60.0
55.0
14.0
10.3
16.1
24.9
5.1
74.4
69.5
24.3
19.0
18.2
27.0
4.7
Other labor income
405.6
2.1
Proprietors' income with IVA and CCAdj
Farm
Nonfarm
571.1
26.4
6.6
-1.5
544.6
8.1
Rental income of persons wil l CCAdj
Personal dividend income ....
Personal interest income
161.5
262.1
762.4
.6
.5
4.8
1,146.8
7.2
345.0
4.5
Wage and salary disbursements .
Private industries
Goods-producing industries .
Manufacturing
Distributive industries
Service industries
Government
100
80
60
40
20
Percent
0
CHANGE IN REAL DPI
Transfer payments to persons
3.7
.1
12.9
32.5
6.1
3.4
5.8
2.8
1.5
^t.9
6.4
6.2
-4.0
10.2
-1.0
7.8
.2
.9
-.5
,3
4.0
3.2
.5
5.4
18.5
7.8
7.3
4.1
99.0
77.5
41.3
20.4
57.7
57.1
2.5
6.5
5
.11
1111 1 1 ll 1
Less: Personal contributions for social insurance
5.4
PERSONAL SAVING RATE
llllllllMii..
1996
1997
1998
Note—Changes are from preceding quarter; based on seasonally adjusted annual
rates
U.S. Department of Commerce, Bureau of Economic Analysis
77.3
1,087.2
23.2
5,994.2
53.9
5,958.9 107.3
1
Percent
10
1995
7,081.4
Less: Personal tax and nontax payments
Less: Personal outlays
1
-5
Personal income
Equate Disposable personal income
0
Equals: Personal saving
Addenda: Special factors In personal income:
In wages and salaries:
Federal Government and Postal Service pay adjustments, including
"buyouts"
Strike in the motor vehicle industry
In transfer payments to persons:
Social security retroactive payments
Cost-of-living adjustments in Federal transfer programs
Earned Income Tax Credit payments
In personal contributions for social insurance:
Tax rate, base, and law changes
In personal tax and nontax payments:
Recent tax law changes
NOTE.—Most dollar levels are in NIPA table 2.1.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
55.2
49.1
72.0
64.0
15.3
9.1
14.4
34.3
8.1
84.0
26.5
57.6
6.9
82.8
94.9
-25.2
-37.7
4.0
-.6
3.5
0
.1
-.6
0
9.8
21.9
-1.1
35.3 -53.4
57.9
-.3
9.8
.7
0
0
0
1.5
1.5
-7.9
-.5
6 • August 1998
SURVEY OF CURRENT BUSINESS
Wage and salary disbursements increased $55.2
billion after increasing $72.0 billion. The slowdown was primarily in goods-producing industries, mostly in manufacturing. Only a small
part of the slowdown in manufacturing was accounted for by the motor vehicle strike; on the
basis of the number of workers affected and the
length of time they were out of work, it is estimated that the strike reduced wages and salaries
by about $0.6 billion (annual rate). Wages
and salaries in the service industries, in the
distributive industries, and in government increased only slightly less than in the first quarter.
Overall, private industry employment and average hourly earnings increased less than in the
first quarter, and average hours decreased after
increasing.
Transfer payments increased $7.8 billion after
increasing $18.5 billion; the first-quarter increase
had been boosted by cost-of-living adjustments
to benefits under social security and other Federal retirement and income support programs.
Other labor income increased $2.8 billion after
increasing $5.8 billion.
Rental income of persons increased after decreasing. Personal interest income and proprietors* income increased slightly more than in the
first quarter; farm proprietors' income decreased
less than in the first quarter, and nonfarm proprietors' income increased less. Personal dividend
income changed little in both quarters.
Personal contributions for social insurance,
which is subtracted in the calculation of personal
income, increased $4.1 billion after increasing $7.3
billion.
Personal tax and nontax payments increased
$20.4 billion after increasing $41.3 billion. The
large first-quarter increase partly reflected a stepup in estimated income tax payments and final
settlements less refunds. [ 3
SURVEY OF CURRENT BUSINESS
August 1998
Annual Revision of the National Income and
Product Accounts
. Annual Estimates, 1995-97
. Quarterly Estimates, 1995:1-1998:1
By Eugene P. Seskin
rr N THIS issue of the SURVEY OF CURRENT
1 BUSINESS, the Bureau of Economic Analysis (BEA) presents revised estimates of the national income and product accounts (NIPA'S) for
1995-97 and the first quarter of 1998.1 As is usual
in annual NIPA revisions, these estimates incorporate source data that are more complete, more
1. For information on the structure, definitions, presentation, and
methodologies that underlie the NIPA'S, see "A Guide to the NIPA'S," SURVEY
OF CURRENT BUSINESS 78 (March 1998): 26-68.
The historical NIPA estimates are published in the two-volume National
Income and Product Accounts of the United Stales, 1929-94; for order information, see the inside back cover of this issue. Note that the estimates for
1982-94 in that publication do not reflect the change in methodology that
redefined dividend payments; see the tables beginning on page 119 in this
issue.
detailed, and otherwise more appropriate than
those that were previously incorporated. In addition, a number of methodological improvements
have been introduced. An unusual feature of this
annual revision is that one of the methodological improvements—a redefinition of dividend
payments—resulted in revisions that were carried
back to 1982 for some NIPA series (see the section
"Changes in Methodology").
The first section of this article discusses the impact of the revisions on key NIPA measures of
economic activity, and the second section provides a summary of the revisions and the major
source data underlying them. The third section
CHART 1
CHART2
Real Gross Domestic Product
Gross Domestic Purchases Price Index
(Chain-Type Weights)
Billion chained (1992)$
7500
Index, 1992=100
LEVELS
115
Reviseck
LEVELS
Previously Published
>—
7000
110
Previously Published
i
6500 I—I—I—L.
I
i
i
i
I
i
i
i
Percent
10
PERCENT CHANGES
1
Previously Published
Revised
I
105
Percent
I
I
i
i i I I I I I I
PERCENT CHANGES
» Previously Published
'Revised
ll 111 I i l l . I.
• 1111. I l l l 1
1995
1996
1997
I
1998
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
1995
1996
I
1997
1998
Seasonally Adjusted at Annual Rates
US. Department of Commerce, Bureau of Economic Analysis
8 • August 1998
SURVEY OF CURRENT BUSINESS
describes the changes in the methodology used
to prepare the estimates. Appendix A shows, in
current dollars, the revised annual estimates and
the revisions for the five summary accounts of
the NIPA'S. Tables presenting most of the revised
monthly, quarterly, and annual NIPA estimates
and the "advance" estimates for the second quarter of 1998 follow this article (a list of these tables
is shown beginning on page 36). The tables
showing the revised NIPA series for 1982-94 begin
on page 119. Finally, the data back to 1929 for
gross domestic product (GDP) and other major
NIPA series are presented beginning on page 147.
Publication of the revised estimates and related
estimates will continue in subsequent issues of
the SURVEY. The September SURVEY will present
"Updated Summary NIPA Methodologies," which
lists the principal source data and estimating
methods used in preparing the current-dollar and
real estimates of GDP; reconciliation table 8.26,
which shows the relationship between personal
income in the NIPA'S and adjusted gross income
published by the Internal Revenue Service; and
revised estimates of fixed reproducible tangible
wealth in the United States for 1995-97. The October SURVEY will present NIPA tables 3.15-3.17
(government expenditures by function), tables
3.18-3.20 (government sector reconciliation tables), and tables 9.1-9.6 (seasonally unadjusted
estimates); it will also present revised real inventories, sales, and inventory-sales ratios for
manufacturing and trade for 1995:1-1998:1 and
revised estimates of State personal income that
incorporate the results of this annual revision of
the NIPA'S. The November SURVEY will present
revised and updated estimates of gross product
by industry.
Impact of the Revisions
The revised estimates show that the U.S. economy
grew at a somewhat faster rate than that shown
by the previously published estimates (chart 1).
From the fourth quarter of 1994 to the first
quarter of 1998, the growth rate (average annual rate of change) for real GDP was revised
up 0.3 percentage point to 3.4 percent (table 1).
Acknowledgments
Brent R. Moulton, Associate Director for National Income, Expenditures, and Wealth Accounts and Acting Chief of the National
Income and Wealth Division, supervised the preparation of this
year's annual revision of the national income and product accounts.
Karl D. Galbraith, Chief of the Government Division, directed major
parts of the revision. Robert P. Parker, Chief Statistician, also provided overall supervision. Brooks B. Robinson—assisted by Shelby
W. Herman, Raymen G. LaBella, Charles S. Robinson, David B.
Wasshausen, and Ernest D. Wilcox—coordinated and conducted the
estimation and review process.
Eugene P. Seskin wrote the article describing the revision. Duane
G. Hackman, Sherman Hammack, Kali K. Kong, Karl V. Rohrer,
Teresa L. Weadock, and Mary D. Young prepared analyses and other
review materials for both the article and the news release. Mary
Carol Barron, Michael J. Boehm, and Sherman Hammack were responsible for developing and operating the computer systems used
to compile, check, analyze, and report the final estimates.
Other BEA staff who made significant contributions to the revision
are listed below.
Personal consumption expenditures—Clinton P. McCully. Goods—
Moses J. Branch, Everette P. Johnson, M. Greg Key, Kali K. Kong,
James J. Raley in. Services—Aaron C. Catlin, Thea C. Graham,
Myung G. Han, Arnold J. Katz, Robert J. Penney.
Investment—Carol E. Moylan. Structures-—Wharton H. Berger,
Velma P. Henry. Producers' durable equipment—Jeffrey W. Crawford, Nicole M. Spugnardi. Inventories—Leonard J. Loebach,
Jennifer A. Ribarsky, Nadia F. Sadee. Investment prices—Leonard J.
Loebach, Christine R. Pruitt, Nadia F. Sadee.
Net exports—David B. Wasshausen.
Federal Government transactions—Pamela A. Kelly, Peter G. Beall,
Kurt S. Bersani, Laura M. Bilenki, James E. Boucher, Ann M.
Groszkiewicz, Doris N. Johnson, Sean P. Keehan, Raymen G. LaBella, Claire G. Pitzer, Michael D. Randall, Michelle D. Robinson,
Mary L. Roy, Keena J. Shah, Shelly Smith, Benyam Tsehaye, Andrew
E. Vargo, Michael W. Webb.
State and local government—Bruce E. Baker and David F. Sullivan,
Steven J. Andrews, Florence H. Campi, Richard L. Carlson, Janet H.
Kmitch, Donald L. Peters.
Chain-type quantity and price measures—Christian Ehemann,
Michael J. Boehm, Sherman Hammack, Michael N. Reynnells, John
Sporing, Jr.
Income—Ralph H. Kozlow.
Personal income—Paul R. Lally, Thae S. Park, Toui Pomsouvan,
James E. Rankin.
Employee compensation—Paul R. Lolly. Wages and salaries—
Bradley J. Payne. Other labor income—Monisha Primlani, Ernest D.
Wilcox.
Business income—Kenneth A. Petrich Corporate profits—Joyce
Northwood, Jerry L. Stone. Nonfarm proprietors' income—Willie J.
Abney.
Property income—George M. Smith. Farm output and income
Frederick G. Kappler. Interest income—Mary Kate Schuster. Rental
income of persons and housing output—Denise A. McBride.
Consumption of fixed capital—Shelby W. Herman. Private—
Michael D. Glenn, Kurt Kunze, Phyllistine M. Barnes, Dennis R.
Weikel. Government—D. Timothy Dobbs, Charles S. Robinson,
Jennifer A. Bennett.
NIPA information—Marilyn E. Baker, Phyllistine M. Barnes,
Virginia H. Mannering, Shirley D. Tisdale, Teresa L. Weadock.
Secretarial—Esther M. Carter, Katherine Dent, Angela P. Pointer,
Colleen A. Ryan, Angela M. Tucker, Dorothy A. Wilson.
SURVEY OF CURRENT BUSINESS
The upward revision was more than accounted
for by upward revisions to personal consumption
expenditures (PCE) for goods, to nonresidential
fixed investment, and to government consumption expenditures and gross investment and by
a1 downward revision to imports of goods and
services; these revisions were partly offset by a
downward revision to the change in business
inventories. In the revised estimates, the major components contributing to growth were the
same as those in the previous estimates: Increases
in PCE, in gross private fixed investment, in exports of goods and services, and in State and
local government consumption expenditures and
gross investment more than offset an increase in
imports of goods and services and a decrease in
Federal Government consumption expenditures
and gross investment.
The percent change from the preceding year for
real GDP was revised up for all 3 years: From 2.0
percent to 2.3 percent for 1995, from 2.8 percent
to 3.4 percent for 1996, and from 3.8 percent to 3.9
percent for 1997. On a fourth-quarter-to-fourthquarter basis, the increase during 1995 was revised
up from 1.6 percent to 2.1 percent; the increase
during 1996 was revised up from 3.2 percent to 3.9
August 1998
percent; and the increase during 1997 was revised
up from 3.7 percent to 3.8 percent.
On the revised basis, the current economic
expansion is slightly more vigorous. From the
cyclical trough in the first quarter of 1991 to the
first quarter of 1998, the average annual rate of
change for real GDP was revised up 0.2 percentage
point, from 2.9 percent to 3.1 percent.
In the revised estimates, the statistical discrepancy is smaller (in absolute value) for all 3 years.2
As a percentage of GDP, the statistical discrepancy
was unrevised at -0.4 percent for 1995, was revised from -0.8 percent to -0.4 percent for 1996,
and was revised from -1.1 percent to -0.7 percent for 1997. The 1996 and 1997 revisions to the
statistical discrepancy were primarily accounted
for by upward revisions to GDP.
2. The statistical discrepancy is the difference between current-dollar GDP
and current-dollar gross domestic income (GDI), which measures the costs
incurred and the incomes earned in the production of GDP.
BEA continues to conduct research to identify and, when possible, to reduce the statistical discrepancy. For example, BEA is researching the extent to
which capital gains are included in the source data on wages and salaries and
not deducted in the calculation of corporate profits and the extent to which
foreign source income is not totally removed from domestic corporate profits.
The results of this research will be reported in future issues of the SURVEY
and will be reflected in subsequent annual and comprehensive revisions of
the NIPA'S.
For a further discussion of the statistical discrepancy, see "The Statistical
Discrepancy," SURVEY yj (August 1997): 19.
Table 1.—Revisions to Real GDP and Its Major Components Over the Period 1994.-IV-1998:1
[Billions of chained (1992) dollars, seasonally adjusted annual rates]
Previously published
1994:1V
1998:1
Dollar
Revision in change
Revised
Change, 1994:1V1998:1
Percent
(annual
rate)
Change, 1994:1V1998:1
1998:1
Dollar
Percent
(annual
rate)
Dollar
Percentage
points
6,688.6
7,375.7
687.1
3.1
7,464.7
776.1
3.4
89.0
0.3
Personal consumption expenditures
Durable goods
Nondurable goods
Services
4,534.1
576.6
1,402.5
2,555.9
4,998.7
682.7
1,484.4
2,834.1
464.6
106.2
82.0
278.2
3.0
5.3
1.8
3.2
5,055.1
710.3
1,521.2
2,829.3
520.9
133.7
118.8
273.4
3.4
6.6
2.5
3.2
56.4
27.5
36.8
-4.9
.4
1.3
.7
0
Gross orivate domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable eouiDrnent
Residential
Change in business inventories
1,003.0
938.5
672.9
175.0
499.1
265.9
63.6
1,318.3
1,202.2
909:2
194.1
726.1
297.7
105.7
315.3
263.8
236.3
19.0
227.0
31.8
42.2
8.8
7.9
9.7
3.2
12.2
3.5
1,321.8
1,224.9
931.9
2031
738.8
298.5
91.4
318.8
286.5
259.0
281
239.7
32.6
27.8
8.9
8.5
10.5
4.7
12.8
3.6
3.5
22.7
22.6
9.1
12.7
.8
-14.3
.1
.6
.8
1.5
6
.1
Net exoorts of aoods and services
Exports
Goods
Services
Imports
Goods
Services
-105.9
747.3
540.4
207.5
853.2
720.4
133.2
-208.4
989.6
753.5
241.5
1,198.0
1,030.6
169.6
-102.5
242.3
213.1
34.0
344.8
310.2
36.4
10.8
4.8
11.0
11.6
7.7
-198.5
991.9
748.5
247.8
1,190.4
1,021.0
171.3
-52.7
244.5
208.1
40.3
337.2
300.6
38.1
9.1
10.5
5.6
10.8
11.3
8.0
9.9
2.3
-5.0
6.3
-7.6
-9.6
1.7
.1
-.3
8
-.2
-.3
.3
Government consumption expenditures and gross investment ....
Federal
National defense
Nondefense
.
State and local
1,255.8
481.7
329.6
151.7
774.1
1,264.1
444.3
295.5
148.2
819.9
8.3
-37.4
-34.1
-3.5
45.8
.2
-2.5
-3.3
-.7
1.8
1,283.0
446.1
293.3
151.9
837.1
27.3
-35.6
-36.3
.2
63 0
.7
-2.3
-3.5
0
2.4
19.0
1.9
-2.2
3.7
17.2
.5
.2
-.2
.7
.6
Addenda:
Gross domestic purchases
Final sales of domestic product
Gross national product
Gross domestic income
6,791.3
6,624.8
6,691.2
6,693.7
7,563.5
7,266.4
7,362.6
7,462.1
772.2
641.6
671.3
768.4
3.4
2.9
3.0
3.4
7,644.9
7,372.5
7,455.2
7,512.9
853.6
747.6
764.0
896.2
3.7
3.3
3.4
3.6
81.4
106.0
92.6
127.8
.3
.4
.4
.2
Gross domestic product
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity
index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the
£6
formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
SURVEY OF CURRENT BUSINESS
10 • August 1998
to prepare the chained-dollar estimates; they also
reflect the introduction of changes in methodology. This section describes the revisions to
the annual current-dollar, price, and chaineddollar estimates, and then it briefly describes the
revisions to the quarterly estimates.
The revised estimates show a somewhat slower
rate of increase in prices than that shown by the
previously published estimates (chart 2). From
the fourth quarter of 1994 to the first quarter of
1998, the average annual rates of increase in the
price indexes for both gross domestic purchases
and GDP were revised down 0.3 percentage point
to 1.5 percent and to 1.8 percent, respectively
(table 2). The percent change from the preceding
year for the price index for gross domestic purchases was revised down from 2.5 percent to 2.3
percent for 1995, from 2.2 percent to 1.8 percent
for 1996, and from 1.7 percent to 1.6 percent for
1997. The revisions to the price index for GDP
were similar. Most of the downward revisions to
prices resulted from methodological changes (see
the section "Changes in Methodology").
The revised estimates of gross (national) saving as a percentage of gross national product
are similar to the previously published estimates.
However, within gross saving, personal saving
(and the personal saving rate) was revised down
substantially, and undistributed corporate profits
and the State and local government surplus or
deficit were revised up substantially
Annual current-dollar estimates
Table 3 summarizes the current-dollar revisions to major NIPA components. It provides a
guide to the major revisions by identifying the
subcomponent series for which revisions were
$2.0 billion or more for any of the years covered
by this annual revision and by listing the major
source data that underlie the revised estimates.
Note that the incorporation of new and revised
source data usually results in a revision to the
level of an estimate not only for the year into
which they are directly incorporated, but also for
subsequent years.
This annual revision incorporated data from
the following primary Federal statistical sources:
Bureau of the Census annual surveys of State
and local governments (for fiscal years 1995-97),
of manufacturing, of merchant wholesale trade,
of retail trade (for 1995 and 1996), and of services (for 1995-97); Census Bureau surveys of the
value of construction put in place (for 1996-97);
Summary of the Revisions
The revisions reflect the incorporation of new
and revised source data for the current-dollar estimates and for the prices and quantities used
Text continues on page 15.
Table 2.—Revisions to Chain-Type Price Indexes Over the Period 1994:1V—1998:1
[Index numbers (1992=100), seasonally adjusted]
Revised
Previously published
Percent
change,
1994:1V
1998:1
1994:TV-
1998:1
1998:1
(annual rate)
106.07
113.40
Less: Exports of goods and services
Plus: Imports of goods and services .
102.11
100.72
97.47
91.49
Equals: Gross domestic purchases ...
Gross domestic product
Percent
change,
1994:1V1998:1
(annual rate)
Revision in
percent change
(percentage
points)
2.1
112.33
1.8
-0.3
-1.4
-2.9
98.13
92.05
-1.2
-2.7
.2
.2
105.88
112.32
1.8
111.29
1.5
-.3
Personal consumption expenditures
Durable goods
,
Nondurable goods '.
Services
106.31
103.94
103.64
108.27
113.39
100.72
109.24
118.51
2.0
-1.0
1.6
2.8
112.30
99.27
107.35
118.00
1.7
-1.4
1.1
2.7
-.3
-.4
-.5
-.1
Gross private domestic investment..
Fixed investment
Nonresidential
Structures
Producers' durable equipment .
Residential
Change in business inventories
104.04
102.12
109.00
99.46
108.83
104.06
98.78
120.45
91.49
118.51
0
-1.0
3.1
-2.5
2.7
103.81
98.90
120.58
91.57
117.21
-.1
-1.0
3.2
-2.5
2.3
0'
.1
0
-.4
Government consumption expenditures and gross investment.
Federal
National defense
Nondefense
State and local
105.75
105.53
104.31
108.42
105.89
115.76
116.07
114.98
118.69
115.58
2.8
3.0
3.0
2.8
2.7
114.17
114.66
113.04
118.46
113.89
2.4
2.6
2.5
2.8
2.3
-.4
-.4
-.5
0
-.4
106.09
106.05
113.55
113.34
2.1
2.1
112.45
112.28
1.8
1.8
-.3
-.3
Addenda:
Final sales of domestic product.
Gross national product
August 1998 • 11
SURVEY OF CURRENT BUSINESS
Table 3.-NIPA Revisions: I
Selectee1 Component Detail and Major Source Data
Billions of dollars
Revision in level
NIPA component
4.2
25.6
31.0
7.9
5,493.7
13.3 .
22.3
2,273.6
.6
3.5
6.1
269.5
.6
c
3.2
57.3
c
2.6
3.0
9.8
16.2
1.0
3.4
4.0
Other motor vehicles
Goods other than motor vehicles and parts
Of which'
Furniture and household equipment
I
271.4
.8
1.9
3.6
45
780.9
-5.2
.2
-14.4
3.3
3,220.1
829.8
.2
-3.8
.8
-1.4
3.5
-.5
-.9
-2.2
-1.9
-2.5
.2
Revised Census Bureau annual retail trade survey (ARTS) sales data for 1995; new ARTS
data for 1996; revised Census Bureau monthly sales data for 1997.
132.1
-1.1
-4.2
.1
Services
Housing
Of which:
Owner-occupied nonfarm dwellings—space rent
Household operation
Of which:
Water and other sanitary services
Revised stock of autos held by consumers from trade sources for 1995 and 1996; new stock
data for 1997; Census Bureau annual retail trade survey data on sales of goods and gross
margin of used car dealers for 1996; revised Census Bureau monthly retail sales data for
87.2 Trucks: Revised Census Bureau annual survey of manufactures (ASM) commodity shipments
data for 1995; new ASM shipments data for 1996; trade source unit sales and prices for
new trucks for 1997; BEA estimates for used truck transactions from a variety of data
sources for 1996 and 1997; revised tabulations of exports and imports for 1995-97.
2,004.1
-3.3
Other durable goods
Food
Major source data incorporated'
8,110.9
8.1
Goods . .
.
.
Of which:
Motor vehicles and parts
Of which'
Net purchases of used autos
0
590.3 Census Bureau current population survey data on housing units for 1997.
327.3
41.1
Revised Census Bureau Government Finances (GF) tabulations on municipal water and sewerage systems and refuse collection for FY 1996 for 1995 and 1996; new GF tabulations for
FY 1997 for 1996 and 1997.
0
4.0
4.1
4.3
192.2
3.5
2.4
154.9
3.4
Medical care
Of which:
Hospitals
Of which:
Nonprofit
3.9
0
Transportation
Of which:
User-operated transportation
Of whirhRepair, greasing, washing, parking, storage,
rental, and leasing.
104.2 Revised Census Bureau annual survey of communications services (ASCS) data on residential
and nonresidential long-distance service revenue for 1995; new ASCS data for 1996; trade
source data on cellular telephone revenue for 1997.
240.3
0
Telephone and telegraph
-1.3
-10.8
843.4
Revised trade source data on auto repair at franchised car dealers for 1995; new trade source
data for 1996; revised Census Bureau service annual survey (SAS) data for 1995 and 1996;
new SAS data for 1997; trade source data on motor vehicle personal lease registrations for
1995-97.
.2
.
....
Legal services
Recreation
Of which:
Commercial participant amusements
Other
Fixed investment
Nonresidential structures
Of which:
Nonresidential buildings, excluding farm
fif whirhCommercial structures
Mining exploration, shafts, and wells
df whirhPetroleum and natural gas
Nonresidential producers' durable equipment
-3.4
-8.4
334.3
-1.5
Other services
Of which:
Personal business
Of which:
Services furnished without payment by financial
intermediaries except life insurance carriers
and private noninsured pension plans.
Expense of handling life insurance
Revised
1997
level
-3.8
Gross domestic product
Personal consumption expenditures
Health insurance
1997
1996
1995
-4.4
-8.3
4.3
1.1
-3.4
-39
-6.6
-10 4
220.0 Trade source data on expenses for FY 1996 for 1995 and 1996" trade source data on community hospital expenses for 1997.
58.0 Revised Health Care Financing Administration (HCFA) data on net cost of health insurance for
1995; preliminary HCFA data for 1996; and BLS data on employer costs for health insurance
for 1996-98 (March).
9793
-.3
-4.9
-5.9
-.7
-2.4
3.7
.3
-2.5
-3.0
.3
.8
-2.0
190.9 Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
Federal Deposit Insurance Corporation data, National Credit Union Administration data, Office of Thrift Supervision data, trade source data on investment companies for 1997.
80.2 Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
trade source data on expenses for 1996; BLS tabulations of wages and salaries covered by
State unemployment insurance for 1997.
55.9 Revised Census Bureau service annual survey (SAS) data for 1995 and 1996; new SAS data
-.3
-3.1
-6.9
200.2
-.2
-1.5
-4.0
-.1
-1.6
-2.9
49.1 Revised Census Bureau service annual survey (SAS) data for 1995 and 1996; trade source
data on casino gambling for 1996; new SAS data for 1997; State gaming commissions data
on casino gambling for 1997.
151.1 Revised Census Bureau Government Finances (GF) tabulations on lotteries, spectator sports,
and high school recreation for FY 1996 for 1995 and 1996; new GF tabulations for FY 1997
for 1996 and 1997; revised Census Bureau service annual survey (SAS) data for 1995 and
1996; new SAS data for 1997.
4.4
9.1
14.5
1,188.6
.7
459.1
1.7
10.0
240.2
0
1.0
2.5
173.3
0
0
1.2
2.0
2.1
6.8
87.0 Revised Census Bureau value of construction put in place data for 1996 and 1997.
22.7
0
1.7
6.4
20.8 Trade source data on drilling costs for 1996; revised trade source data on footage drilled for
1995-97.
4.0
4.8
3.8
620.5
SURVEY OF CURRENT BUSINESS
12 • August 1998
Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued
Billions of dollars
NIPA component
Revision in level
1996
1995
Information processing and related equipment
Of which:
Computers and peripheral equipment
-5.7
-5.7
-4.3
-4.3
81.1
Industrial equipment
2.3
4.2
3.8
138.6
.5
2.7
2.0
152.0
.3
2.4
4,5
79.9
Autos
-.7
-.5
-2.7
45.7
Other equipment
1.3
3.4
4.1
128.3
Residential fixed investment
Structures
Of which:
New
Of which:
Improvements
2.6
2.6
.7
.6
327.9
319.9
-.2
2.7
1.6
282.7
0
2.6
.5
81.5
Major source data incorporatedl
206.6
-7
coco
.2
1997
Revised
1997
level
Transportation and related equipment
Of which:
Trucks, buses, and truck trailers
Farm
Nonfarm
.6
6.2
-1.0
4.7
1.5
-2.4
1.4
4.3
63.1
Revised Census Bureau annual survey of manufactures (ASM) product shipments data for
1995; new ASM data for 1996; revised tabulations of exports and imports for 1995-96; trade
source unit sales and prices for new trucks for 1997.
Revised trade source data on optional equipment percentages for model years 1995 and 1996;
new trade source data on prices and optional equipment percentages for domestic autos for
model vear 1997.
Revised Census Bureau annual survey of manufactures (ASM) product shipments data for
1995; new ASM data for 1996; revised Census Bureau monthly industry shipments data for
1997; revised BEA tabulations of exports and imports for 1995-97.
BLS consumer expenditures survey and Census Bureau landlord survey data for 1996 and
1997.
67.4
-1.4
2.0
Change in business inventories
Revised Census Bureau annual survey of manufactures (ASM) product shipments data for
1995; new ASM data for 1996; revised Census Bureau monthly industry shipments data for
1997; revised BEA tabulations of exports and imports for 1995-97.
Revised Census Bureau annual survey of manufactures (ASM) product shipments data for
1995; new ASM data for 1996; revised Census Bureau monthly industry shipments data for
1997; revised BEA tabulations of exports and imports for 1995-97.
Revised USDA data for 1995 and 1996; new USD A data for 1997.
Revised information on accounting methods used for inventory reporting in the annual survey of
manufactures (ASM), in the annual trade surveys (ATS), and in the annual retail trade surveys (ARTS) for 1995 and 1996; revised data on the cost of inventories for 1995-97.
Change in book value
Of which:
Manufacturing
.6
.5
1.6
52.1
2.6
.6
-1
19.0
Retail trade
1.2
2.9
-.4
5.5
.2
4.4
.6
.1 Revised Census Bureau annual retail trade survey (ARTS) inventory book value data for 1995;
-3.7
-3.4
.7
8.0 Revised IRS tabulations of inventory book value data from corporate tax returns for 1995; new
0 / which:
Automotive
Revised Census Bureau annual survey of manufactures (ASM) inventory book value data for
1995; new ASM data for 1996; revised Census Bureau monthly inventory data for 1997.
Revised Census Bureau annual retail trade survey (ARTS) inventory book value data for 1995;
new ARTS data for 1996; revised BEA estimates based on inventory data from trade
sources for 1997; revised Census Bureau monthly inventory data for 1997.
new ARTS data for 1996; revised BEA estimates based on inventory data from trade
sources for 1997.
Other than manufacturing and trade
IRS tabulations of inventory book value data from sole proprietorship, partnership, and corporate tax returns for 1996; Census Bureau Quarterly Financial Report data for mining for
1997.
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal consumption expenditures and gross investment
2.1
3.6
7.7
-93.4
1.0
-.1
1.0
-1.2
.1
-1.2
Net exports of goods and services
2.9
.8
2.2
-.7
0
-.7
8.3
2.0
6.3
.7
-.2
.8
965.4
688.3
277.1
1,058.8
888.3
170.4
.9
-1.5
1.9
1,454.6
-.5
-1.6
^3.6
520.2
-.2
-1.8
-4.3
346.0
-.4
-1.6
-4.6
306.3
-.4
-.3
-4.7
278.2
-.3
-1.4
-2.6
133.3
-.6
-1.5
-2.5
84.2
1.3
.1
5.5
934.4
Revised BEA balance of payments accounts estimates for 1995-97.
a which:
National defense
Of which:
Consumption expenditures
Of which:
Services
Of which:
Compensation of general government
employees, except force-account
construction.
Of which:
Military
State and local consumption expenditures and gross
investment.
Consumption expenditures
Of which:
Services
Of which:
Compensation of general government employees,
except force-account construction.
Other services
-3.4
-6.2
-4.1
758.8
-3.2
-6.1
^3.6
662.9
-1.5
-4*
-3.9
566.7
-1.9
-2.6
-1.2
35.7
Revised FY 1997 Federal budget data for 1996 and 1997; preliminary FY 1998 Federal budget
data for 1997.
Revised BLS tabulations of wages and salaries of employees covered by State unemployment
insurance for 1995 and 1996; new BLS tabulations for 1997; revised Census Bureau Government Finances (GF) tabulations of retirement plans for FY 1995 and FY 1996 for 1995
and 1996; and new GF tabulations for FY 1997 for 1996 and 1997.
Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997.
SURVEY OF CURRENT BUSINESS
August 1998
• 13
Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued
Billions of dollars
NIPA component
Revision in level
1995
Gross domestic product
1997
6.4
2.4
9.6
4.0
2.6
3.9
5.6
Gross investment
Structures
Equipment
1996
Revised
1997
level
Major source data incorporatedl
175.6
142.4 Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997; revised Census Bureau
value of construction put in place data for 1995-97.
33.2 Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997.
8,110.9
4.2
25.6
31.0
12.3
10.7
11.8
-8.0
Receipts of factor income from the rest of the world
2.4
1.;
3.3
265.5
Payments of factor income to the rest of the world .
-9.9
-9.5
-8.
16.5
36.3
42.8
Plus: Net receipts of factor income
Equals: Gross national product
Less: Statistical discrepancy2
Revised BEA balance of payments accounts estimates for 1995-97.
273.5
8,102.9
1.7
27.7
30.2
-55.8
Equals: Gross national income
14.7
8.6
12.5
8,158.7
Compensation of employees
-6.5
-17.9
-16.4
4,687.2
-.7
-1.0
-.3
6.8
-1.4
-1.7
15.0
12.4
-1.1
3,893.6
-.2
-1.6
-3.3
177.5
0
-.2
2.2
.3
13.6
8.2
2.5
-5.9
-.7
-24.7
-4.0
-31.3
-7.7
-1.0
-3.9
-6.8
-5.2
-20.6
-4.8
-16.2
80.6 DOL tabulations of data on employer contributions to pension and profit-sharing plans for 1995;
-.4
-5.9
DOL pension and wage cost per hour data for 1995-97. IRS tabulations of corporate tax return data on pension, profit sharing, stock, annuity for 1995 and 1996.
BLS data on employer costs for health and life insurance for 1996-98 (March).
-.9
7.4
6.7
551.2
-1.0
1.7
-5.2
35.5
-1.1
1.7
-5.3
43.0
Wage and salary accruals
Wage and salary disbursements
Government
Federal
State and local
Private
-.7
Wage accruals less disbursements
Supplements to wages and salaries
Employer contributions for social insurance
Of which:
State and local social insurance funds
Other labor income
Of which:
Pension and profit-sharing plans
Group health and life insurance
Proprietors' income with IVA and CCAdj
Farm
Of which:
Proprietors' income with IVA
-23.7
3,889.8
664.2
Revised postal service data for 1995; new Postal Service data 1996 and 1997; revised Office
of Personnel Management data for 1995 and 1996; revised FY 1996 and FY 1997 Federal
Budget data for 1995 and 1996; preliminary FY 1998 Federal Budget data for 1997.
486.7 Revised BLS tabulations of wages and salaries of employees covered by State unemployment
insurance for 1995 and 1996; new BLS tabulations for 1997.
3,225.7 Revised BLS tabulations of wage and salaries of employees covered by State unemployment
insurance for 1995 and 1996; new BLS tabulations for 1997; revised USDA data on farm
wages for 1995 and 1996; new USDA data for 1997; new balance of payments data on restof-tne-world wage and salary accruals for 1995-97.
3.7 Revised BLS tabulations of wage and salaries of employees covered by State unemployment
insurance for 1995 and 1996; new BLS tabulations for 1997.
793.7
400.7
56.7
Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997.
392.9
268.0
Revised USDA data for 1995 and 1996; new USDA data for 1997; revised IRS tabulations of
corporate tax return data for 1995; new IRS tabulations for 1996.
5.7
12.0
515.8
6.3
-.2
10.8
1.0
485.3 New IRS tabulations of sole proprietorship and partnership tax return data for 1996.
29.9 Capital consumption allowances: New IRS tabulations of sole proprietorship and partnership tax
return data for 1996.
Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1995-97.
3.9
10.3
158.2
2.0
5.1
11.3
208.6
22.4
14.5
12.9
817.9
13.0
3.6
4.6
-.4
1.1
-.1
-.6
1.5
8.3
7.0
1.3
2.8
3.7
.9
1.7
2.2
-11.0
3.1
-1.9
3.3
8.9
7.2
1.7
.5
1.8
1.4
1.3
-2.3
-11.1
1.5
-2.1
5.5
12.9
10.5
2.4
.4
3.6
3.1
1.4
Nonfarm
a which:
Proprietors' income
CCAdj
3.9
-2.6
Rental income of persons with CCAdj
Of which:
Rental income of persons
Corporate profits with IVA and CCAdj
Profits before tax
Of which:
Construction
Manufacturing
Transportation
Electric, gas, and sanitary services
Retail trade
Finance, insurance, and real estate
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world
IVA
Revised Federal Reserve Board mortgage debt outstanding data for 1995-97; revised USDA
data on rent on farms owned by nonoperator landlords Tor 1995 and 1996; new USDA data
for 1997; BLS consumer expenditure survey data on maintenance and repairs for 1996 and
1997; trade source data on property insurance for 1996; Census Bureau current population
survey data on owner- and tenant-occupied units for 1997.
734.4 Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
regulatory agency and public financial reports profits data for 1997.
18.0
212.2
17.0
39.5
60.1
138.1
130.0
8.1
99.0 Revised BEA balance of payments accounts estimates for 1995-97.
149.5
50.4
6.9
14 • August 1998
SURVEY OF CURRENT BUSINESS
Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued
Billions of dollars
NIPA component
Revision in level
1995
7.8
CCAdj
1996
9.6
1997
6.9
Revised
1997
level
Major source data incorporated2
76.6 Capital consumption allowances: Revised IRS tabulations of corporate tax return data for 1995;
new IRS tabulations for 1996.
Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1995-97.
Net interest3
Monetary interest:
Monetary interest paid
Domestic business .
Of which:
Financial corporations
Nonfinancial corporations
Sole proprietorships and partnerships
Other private business
Persons
Government
Monetary interest received
Domestic business
Of which:
Financial corporations
Nonfinancial corporations
Financial sole proprietorships and partnerships ,
Persons
Government
Federal
State and local
Rest of the world
From business
From Federal Government.
-4.5
-6.5
2.2
4.7
-17.4
-13.2
5.8
.8
0
-1.9
-.9
-.3
-31.1
13.3
7.9
-3.4
-1.6
-2.0
2.2
18.2
-17.4
-2.2
2,038.1
1,373.6 Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
new IRS tabulations of sole proprietorship and partnership tax return data for 1996; revised
Federal Reserve Board flow-of-funds accounts data for 1997; Federal Deposit Insurance Corporation data and Office of Thrift Supervision data for 1997.
20.8
-2.8
0
-13.3
8.2
-.1
-5.9
-2.0
5.7
-10.2
6.1
-2.0
1,092.7
237.0
8.3
8.1
-10.9
-6.9
-3.9
-11.2
-7.2
-3.9
Imputed interest:
Interest paid (by domestic financial corporate business)
Of which:
Life insurance carriers and private noninsured pension
plans.
Interest received
Of which:
Persons
From banks, credit agencies, and investment
companies.
From life insurance carriers and private noninsured
pension plans.
Consumption of fixed capital
-16.7
432.0
2,038.1
1,444.9 Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
new IRS tabulations of sole proprietorship and partnership tax return data for 1996; revised
Federal Reserve Board flow-of-funds accounts data for 1995-97; revised USDA data on interest paid by farmers for 1995 and 1996; new USDA data for 1997; revised trade source
data on investment companies, Federal Deposit Insurance Corporation data, Office of Thrift
Supervision data, and Housing and Urban Development survey of mortgage lending activity
data for 1997.
6.7
-2.3
-3.6
615.1
375.3
137.8
316.7
161.5
316.9
43.8
311.8
151.1
20.9 Revised FY 1997 Federal budget data for 1996 and 1997; preliminary FY 1998 Federal budget
data for 1997; revised BEA balance of payments accounts estimates for 1995-97.
130.2 Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997.
201.6 Revised BEA balance of payments accounts estimates for 1995-97.
114.2
87.5
-5.1
541.2
-3.7
244.6
-5.1
541.2
4.0
-6.1
-2.4
5.3
3.7
1.5
244.6
1.9
3.9
Revised Federal Reserve Board (FRB) flow-of-funds accounts data on private noninsured pension plans for 1995-97; trade source data on life insurance companies for 1996.
Revised Federal Reserve Board (FRB) flow-of-funds accounts assets data for 1995 and 1996;
new FRB data for 1997; Federal Deposit Insurance Corporation data for 1997.
435.5
190.9
-3.7
-.7
-.7
Revised Federal Reserve Board consumer credit data for 1995-97.
Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997.
871.8
& which:
Private
Of which:
Corporate
Capital consumption allowances .....
Corporate
Noncorporate.
4.0
1.6
3.3
720.2
2.2
8.0
10.0
-.3
9.8
9.3
1.7
10.1
8.6
477.3
760.5
554.0
-2.0
.5
1.4
206.5 New IRS tabulations of sole proprietorship and partnership tax return data for 1996; revised
4.0
7.8
-3.7
8.3
-1.4
6.8
6.9
0
40.4 CCAdj is calculated as consumption of fixed capital less capital consumption allowances.
76.6
-36.2
-2.6
0
-.2
.3
1.0
.6
29.9
151.6
-.8
5.2
11.8
640.4
-1.6
-1.0
-.6
1.6
-1.3
3.0
7.8
2.5
5.3
-.1
-3.4
-4.2
Revised BEA fixed investment and price estimates for 1995-97.
Revised IRS tabulations of corporate tax return data for 1995; new IRS tabulations for 1996;
revised BEA fixed investment estimates for 1995-97.
BEA fixed investment estimates for 1995-97.
Less: CCAdj
Corporate
Noncorporate
9.6
a which:
Nonfarm proprietors' income
Government
Nonfactor incomes .
Of which:
Indirect business tax and nontax liability ...
Federal
State and local
Less: Subsidies less current surplus of government
627.2
93.8 Treasury Department income tax collections data for 1995-97.
533.4 Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997; revised Census Bureau
quarterly tax revenue data for 1995 and 1996; new tax revenue data for 1997.
21.9
August 1998
SURVEY OF CURRENT BUSINESS
Text continues from page 10.
employees covered by State unemployment insurance (for 1997); U.S. Department of Agriculture
farm statistics (for 1995-97); BEA balance of payments accounts (for 1995-97); and BE A capital
stock statistics (for 1995-97).
Federal Government budget data (for fiscal years
1996-98); Internal Revenue Service (IRS) tabulations of income tax returns for corporations (for
1995 and 1996) and for sole proprietorships and
partnerships (for 1996); Bureau of Labor Statistics (BLS) tabulations of wages and salaries of
Gross domestic product (GDP).—The level of
current-dollar GDP was revised up for all 3 years:
Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data-Continued
Billions of dollars
NIPA component
Revision in level
1995
Of which:
Federal
-1.6
Addenda:
Gross domestic income
National income
1996
-5.0
1997
Major source data incorporated'
Revised
1997
level
-5.9
32.5
Revised FY 1997 Federal budget data for 1996 and 1997; preliminary FY 1998 Federal budget
data for 1997; new FY 199^97 Postal Service financial data for 1995-97
For consumption of enterprise fixed capital: Perpetual-inventory calculations at current cost
based on gross investment and on investment prices for 1995-97. i
investment.
8,166.7
2.5
,
Personal income
Wage and salary disbursements, other labor income,
proprietors' income with IVA and CCAdj, and rental income
of persons with CCAdj.
Wage and salary disbursements
Other labor income
Proprietors' income with IVA and CCAdj
Rental income of persons with CCAdj
Personal dividend income
Personal interest income
Net interest
Domestic business
Rest of the world
Net interest paid by government
Federal
State and local
Interest paid by persons
Transfer payments to persons
Of which:
From government
,
Federal
-2.1
.8
11.4
1.5
-3.2
6,646.5
See entries under "gross national income."
-78.7
-6.2
-70.0
-10.7
-89.9
5.7
6,784.0
4,992.1
See entries under "gross national income" and additional sources below.
-1.0
-5.2
-.9
.9
-59.1
-1.4
-20.6
7.4
3.9
-43.0
12.4
-23.7
6.7
10.3
-61.2
3,889.8
392.9
551.2
158.2
260.3
-14.0
-4.5
-14.2
9.6
-8.5
0
-8.6
-.9
.9
-16.3
-21.3
-16.7
-28.2
11.6
-11.3
.9
-12.2
6.7
-10.7
747.3
432.0
535.9
-103.9
153.8 See entries under "net interest."
231.2
-77.4
161.5 See entries under "net interest."
1,110.4
-10.8
-3.1
1,083.3
779.2
-7.7
304.1
.1
-.5
Equals: Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Equals: Personal saving
-.5
165.1
0
0
2.5
2.1
303.0
-1
.3
3.6
.3
.3
-5.3
-.5
3.3
5.6
-78.7
-73.6
-90.1
7.4
8.1
-1.6
-81.1
15.6
5,674.1
-.9
-74.8
7.9
6.7
-105.7
New Social Security Administration data on taxable wages for 1997; new BLS tabulations of
employer contributions to the unemployment insurance trust fund for 1997; Monthly Treasury
Statement contributions to the unemployment trust fund for 1997; Monthly Treasury Statement data on contributions to the military retirement fund for 1997.
989.0
769.1 Social Security Administration taxable wage data for 1997; Treasury Department personal income tax collections data for 1996 and 1997.
219.9 Revised Census Bureau Government Finances (GF) tabulations for FY 1995 and FY 1996 for
1995 and 1996; new GF tabulations for FY 1997 for 1996 and 1997; revised Census Bureau
quarterly tax revenue data for 1995 and 1996; new Census Bureau tax revenue data for
5,493.7 See entries under "personal consumption expenditures."
161.5 See entries under "net interest."
121.0
1. In these descriptions, "new" indicates this is the first time that data from the specific source are being incorporated into the component estimate for the given year and "revised" indicates that data from the specific source
were incorporated previously and now revised data from that source are being incorporated.
2. The statistical discrepancy is gross national product (GNP) less gross national income (GNI); it is also the
difference between gross domestic product (GDP) and gross domestic income (GDI), which is GNI less net receipts
of factor income. The statistical discrepancy arises because the product-side measures of GNP and GDP are estimated independently from the income-side measures of GNI and GDI.
3. Net interest is the sum of monetary interest paid by domestic business and by the rest of the world and
imputed interest paid by domestic financial corporate business, less monetary interest received by domestic business
and by the rest of the world and imputed interest received by domestic business and by the rest of the world.
New Health Care Financing Administration tabulations for 1997.
5,795.1
-3.9
-3.8
Revised FY 1997 Federal budget data for 1996; preliminary FY 1998 Federal Budget data for
1997.
326.2
-.2
Less: Personal contributions for social insurance ,
Of which:
Federal
State and local.
-16.8
10.4
-8.3
1.3
-9.6
-1.6
0
-1.3
State and local
Of which:
Medical care .
Less: Personal tax and nontax payments .
Federal
-6.5
Revised IRS tabulations of corporate tax return data for 1995; new IRs tabulations for 1996;
regulatory agency and public financial statements data on dividends for 1997. The revisions
also reflect a methodological improvement affecting the treatment of capital gains distributions of regulated investment companies, which resulted in downward revisions of $28.5 billion for 1995, $49.5 billion for 1996, and $61.5 billion for 1997.
See entries under "net interest."
See entries under "net interest."
BEA Bureau of Economic Analysis
BLS Bureau of Labor Statistics
CCAdj Capital consumption adjustment
DOL Department of Labor
FY Fiscal year
IRS Internal Revenue Service
IVA Inventory valuation adjustment
USDA U.S. Department of Agriculture
n.e.c. Not elsewhere classified.
l6
• August 1998
SURVEY OF CURRENT BUSINESS
$4.2 billion, or 0.1 percent, for 1995; $25.6 billion, or 0.3 percent, for 1996; and $31.0 billion, or
0.4 percent, for 1997. These revisions are about
average in comparison with recent annual NIPA
revisions.
Among the major components, for 1995,
upward revisions to nonresidential producers'
durable equipment (PDE) and to net exports of
goods and services more than offset a downward
revision to personal consumption expenditures
(PCE) for services. For 1996, upward revisions
to PCE for goods, to change in business inventories, to PDE, to exports of goods and services,
and to residential investment more than offset
a downward revision to PCE for services. For
1997, upward revisions to PCE for goods, to nonresidential structures, to exports of goods and
services, to State and local government consumption expenditures and gross investment,
and to PDE more than offset downward revisions to PCE for services and to Federal Government consumption expenditures and gross
investment.
PCE for goods.—PCE for goods was revised up for
all 3 years: $0.3 billion for 1995, $13.3 billion for
1996, and $22.3 billion for 1997. For 1996 and
1997, the revisions were primarily accounted for
by "goods other than motor vehicles and parts"
and resulted from the incorporation of revised
annual retail sales data for 1995 and 1996 and revised monthly sales data for 1997 from the Census
Bureau. The largest upward revisions were to furniture and household equipment and to "other
durable goods" for 1995-97 and to food for 1997;
food was revised down for 1995 and 1996.
Motor vehicles and parts was revised up for
all 3 years: $0.6 billion for 1995, $3.5 billion for
1996, and $6.1 billion for 1997. For 1996 and
1997, the revisions reflected upward revisions to
"other motor vehicles," and for 1997, the revision
also reflected an upward revision to net purchases
of used autos. The revisions to "other motor
vehicles" were primarily accounted for by revisions to purchases of new trucks; for 1996, the
revision reflected the incorporation of product
shipments data from the Census Bureau annual
survey of manufactures and revised exports and
imports data from the annual revision of BEA'S
balance of payments accounts (BPA'S), and for
1997, the revision reflected new estimates of average expenditures for light trucks (see the section
"Changes in Methodology"). The revision to net
purchases of used autos reflected the incorporation of new trade source data on the stock of
autos held by consumers.
PCE for services.—PCE for services was revised
down for all 3 years: $4.2 billion for 1995, $5.2
billion for 1996, and $14.4 billion for 1997. For
1995, downward revisions to household operation
services and to "other services" more than offset an upward revision to medical care services.
For 1996, downward revisions to household operation, to medical care, and to "other services"
more than offset an upward revision to transportation services. For 1997, downward revisions
to medical care and to "other services" more than
offset upward revisions to transportation services
and to housing services.
The downward revision to household operation
services for 1995 was primarily accounted for by
a downward revision to telephone and telegraph
services, reflecting revised Census Bureau annual
communications survey data on residential and
nonresidential long-distance service revenue. For
1996, the downward revision to household operation services was more than accounted for by
a downward revision to water and sanitary services, reflecting new and revised data from Census
Bureau surveys of State and local governments.
For medical care services, the upward revision for 1995 reflected an upward revision to
health insurance that more than offset a downward revision to nonprofit hospitals. For 1996, a
downward revision to nonprofit hospitals more
than offset an upward revision to health insurance. For 1997, the downward revision was mostly
accounted for by a downward revision to nonprofit hospitals, but health insurance was also
revised down. For 1995, the upward revision to
health insurance—measured as premiums minus
benefits—reflected revised estimates of benefits
based on Health Care Financing Administration
(HCFA) data. For 1996, the upward revision reflected revised estimates of premiums based on
BLS data on employer costs for health insurance
and revised estimates of benefits based on preliminary HCFA data. For 1997, the downward revision
primarily reflected estimated premiums based on
BLS data on employer costs for health insurance.
For all 3 years, the downward revisions to nonprofit hospitals were based on newly incorporated
trade source expense data.
The downward revision to "other services" for
1995 was widespread among its components, reflecting the incorporation of new and revised
data from regular sources. For 1996 and 1997,
the downward revisions to "other services" were
more than accounted for by downward revisions
to personal business services and to recreation
services. For 1996, the revision to personal
SURVEY OF CURRENT BUSINESS
business services reflected downward revisions to
"services furnished without payment by financial intermediaries except life insurance carriers
and private noninsured pension plans"3 and to
"expense of handling life insurance"; both revisions reflected newly incorporated data from
regular sources. For 1997, the revision to personal
business services reflected downward revisions to
"expense of handling life insurance" and to legal
services that more than offset an upward revision
to "services furnished without payment by financial intermediaries except life insurance carriers
and private noninsured pension plans"—again
reflecting newly incorporated data from regular
sources.
The upward revisions to transportation services for 1996 and 1997 primarily reflected upward
revisions to "repair, greasing, washing, parking, storage, rental, and leasing"—-particularly to
motor vehicle leasing, reflecting newly available
trade source data (see the section "Changes in
Methodology").
The upward revision to housing services for
1997 was accounted for by an upward revision
to owner-occupied dwellings, reflecting the incorporation of Census Bureau current population
survey data on housing units.
Nonresidential structures.—Nonresidential structures was revised up for all 3 years: $0.7 billion
for 1995, $1.7 billion for 1996, and $10.0 billion for
1997. For 1997, the revision was mostly accounted
for by an upward revision to petroleum and natural gas exploration, reflecting newly incorporated
trade source data on drilling footage and newly
incorporated prices that are used to calculate the
current-dollar estimates from the real estimates
obtained by quantity extrapolation (see the section "Changes in Methodology"). Commercial
structures was also revised up, reflecting the incorporation of revised Census Bureau data on the
value of construction put in place.
Nonresidential producers' durable equipment
(PDE).—Nonresidential PDE was revised up for
all 3 years: $4.0 billion for 1995, $4.8 billion for
1996, and $3.8 billion for 1997. For all 3 years,
the upward revisions were widespread among the
components of PDE. For 1995, the largest revision
3. This PCE category consists of imputed payments made by persons to
depository institutions—that is, commercial banks, mutual savings banks,
savings and loan associations, credit unions, and regulated investment
companies—to purchase checking, bookkeeping, and investment services for
which they do not pay an explicit service charge. For additional information,
see U.S. Department of Commerce, Bureau of Economic Analysis, Personal
Consumption Expenditures, Methodology Paper Series No. 6 (Washington,
DC: U.S. Government Printing Office, 1990): 11-12. This publication can be
found on the BEA Web site at <www.bea.doc.gov/bea/mp.htm>.
was to industrial equipment, reflecting revised
product shipments data from the Census Bureau
annual survey of manufactures. For 1996 and
1997, upward revisions to industrial equipment
and to "other equipment" were partly offset by a
downward revision to computers and peripheral
equipment; these revisions reflected the incorporation of product shipments data from the
Census Bureau annual survey of manufactures for
1996 and revised Census Bureau monthly industry shipments data for 1997. For 1997, an upward
revision to transportation and related equipment
reflected an upward revision to trucks, buses, and
truck trailers that more than offset a downward
revision to autos; these revisions reflected the incorporation of new data on prices and optional
equipment from trade sources (see the section
"Changes in Methodology").
Residential fixed investment.-—Residential fixed
investment was revised down $0.3 billion for 1995,
up $2.6 billion for 1996, and up $0.7 billion for
1997. For 1996, the revision was accounted for by
"improvements," reflecting revised data from the
BLS consumer expenditures survey and from the
Census Bureau landlord survey.
Change in business inventories (CBI).—The CBI
was revised up $0.6 billion for 1995, up $6.2 billion for 1996, and down $1.0 billion for 1997.
The change in farm inventories was revised down
$1.4 billion for 1995, up $4.7 billion for 1996,
and down $2.4 billion for 1997; the revisions reflected newly incorporated data from the U.S.
Department of Agriculture.
The change in nonfarm inventories was revised
up for all 3 years: $2.0 billion for 1995, $1.5 billion
for 1996, and $1.4 billion for 1997.
For 1995 and 1996, upward revisions to the
change in book value for manufacturing and for
retail trade more than offset downward revisions
to the change in book value for industries "other
than manufacturing and trade." The upward
revision to the change in book value for manufacturing reflected newly incorporated data on
inventory book values from the Census Bureau
annual survey of manufactures. The upward revision to the change in book value for retail trade
reflected newly incorporated data on inventory
book values from the Census Bureau annual retail
trade survey; for 1996, the revision was more than
accounted for by inventories of retail automotive
dealers. The downward revisions to the change
in book value for industries "other than manufacturing and trade" reflected the incorporation
of revised inventory data from IRS tabulations of
August 1998 •
1J
l8
• August 1998
SURVEY OF CURRENT BUSINESS
corporate tax returns for 1995 and from newly
available IRS tabulations of corporate and sole
proprietorship and partnership tax returns for
1996.
Net exports of goods and services.—Net exports of
goods and services was revised up for all 3 years:
$2.1 billion for 1995, $3.6 billion for 1996, and $77
billion for 1997. The upward revisions for 1995
and 1996 were primarily accounted for by upward
revisions to exports of services and by downward
revisions to imports of services. The upward revision for 1997 was more than accounted for by an
upward revision to exports of goods and services.
For all 3 years, the revisions to exports of
goods primarily reflected the annual revision of
the BPA'S; for 1997, the upward revision to exports
of services was primarily in transfers under U.S.
military agency sales contracts. (For more information about the revision of the BPA'S, see the
section "Changes in Methodology.")
Government consumption expenditures and gross
investment—Government consumption expenditures and gross investment was revised up $0.9
billion for 1995, down $1.5 billion for 1996, and
up $1.9 billion for 1997.
Federal Government consumption expenditures and gross investment was revised down for
all 3 years. For 1996 and 1997, the revisions were
more than accounted for by downward revisions
to national defense consumption expenditures,
primarily to compensation of military employees,
reflecting revised Federal budget data for fiscal
years 1996 and 1997 and preliminary budget data
for fiscal year 1998.
State and local government consumption expenditures and gross investment was revised up
for all 3 years. Upward revisions to gross investment in equipment and in structures more
than offset downward revisions to consumption
expenditures. The revisions to equipment reflected the incorporation of new and revised data
from Census Bureau surveys of State and local
governments, and the revisions to structures reflected revised Census Bureau data on the value
of construction put in place. The revisions to
consumption expenditures were mainly to compensation of employees (primarily to employer
contributions for employee retirement) and to
"other services," reflecting the incorporation of
data from regular sources.
Net receipts of factor income.—Net receipts of factor income from the rest of the world, which
is excluded from GDP but included in gross na-
tional product, was revised up for all 3 years:
$12.3 billion for 1995, $10.7 billion for 1996, and
$11.8 billion for 1997. For all 3 years, receipts of
factor income was revised up, and payments of
factor income was revised down. These revisions
reflected the incorporation of the annual revision of the BPA'S: For receipts of factor income,
primarily data from BEA'S benchmark survey of
U.S. direct investment abroad for 1994 and from
the Treasury Department's benchmark survey of
U.S. portfolio investment abroad; for payments
of factor income, primarily data from the Treasury Department's benchmark survey of foreign
portfolio investment in the United States. (For
more information about the revision of the BPA'S,
see the section "Changes in Methodology.")
Gross national product (GNP).—GNP was revised
up for all 3 years: $16.5 billion, or 0.2 percent,
for 1995; $36.3 billion, or 0.5 percent, for 1996;
and $42.8 billion, or 0.5 percent, for 1997. These
revisions to GNP were larger than those to GDP,
reflecting the upward revisions to net receipts of
factor income.
Gross domestic income (GDI).—The revisions to
GDI were small for all 3 years, GDI was revised up
$2.5 billion for 1995, down $2.1 billion for 1996,
and up $0.8 billion for 1997.
For 1995, the revision to GDI reflected an upward revision to corporate profits with inventory
valuation adjustment (IVA) and capital consumption adjustment (ccAdj) that more than offset
downward revisions to net interest and to supplements to wages and salaries. For 1996, the
revision to GDI reflected downward revisions to
supplements to wages and salaries and to net interest that more than offset upward revisions to
corporate profits with IVA and ccAdj, to wage and
salary accruals, and to nonfarm proprietors' income with IVA and ccAdj. For 1997, the revision
to GDI reflected upward revisions to wage and
salary accruals, to corporate profits with IVA and
ccAdj, to nonfarm proprietors' income with IVA
and ccAdj, and to rental income of persons with
ccAdj that more than offset downward revisions
to supplements to wages and salaries and to net
interest.
Statistical discrepancy.—Revisions to the statistical discrepancy reflect differences between the
revisions to GDP and those to GDI. For all 3 years,
the revisions to GDP were larger than those to
GDI, and the statistical discrepancy was revised
from -$28.2 billion to -$26.5 billion for 1995,
SURVEY OF CURRENT BUSINESS
from -$59.9 billion to -$32.2 billion for 1996, and
from -$86.0 billion to -$55.8 billion for 1997.
Compensation of employees.—Compensation of
employees was revised down for all 3 years: $6.5
billion for 1995, $17.9 billion for 1996, and $16.4
billion for 1997.
For 1995, the downward revision was mostly
accounted for by a downward revision to supplements to wages and salaries, primarily to other
labor income. The revision to other labor income
was mostly accounted for by a downward revision to pension and profit-sharing plans, which
reflected newly available Department of Labor
tabulations of IRS data on employer contributions to these plans. A downward revision to
group health and life insurance reflected the incorporation of BLS data on employer costs for
insurance.
For 1996, the downward revision to compensation of employees reflected a downward revision
to supplements to wages and salaries that was
partly offset by an upward revision to wage and
salary accruals. The downward revision to supplements was to both other labor income and
employer contributions for social insurance. The
downward revision to other labor income was
more than accounted for by downward revisions
to pension and profit-sharing plans, which were
based on IRS tabulations of tax return data on
employer contributions to these plans, and to
group health and life insurance, which were based
on BLS data on employer costs for insurance. The
downward revision to employer contributions for
social insurance was for State and local social insurance funds (for employee retirement). The
upward revision to wage and salary accruals was
more than accounted for by an upward revision
to the adjustment "wage accruals less disbursements/' which reflected the use of newly available
BLS tabulations of wages and salaries of employees covered by State unemployment insurance for
1997-4
For 1997, the downward revision to compensation of employees reflected a downward revision
to supplements to wages and salaries that was
partly offset by an upward revision to private
wage and salary disbursements. Within supplements, both other labor income and employer
contributions for social insurance were revised
down.5 The revision to employer contributions
4. For a discussion of this adjustment, see "Improved Estimates of
the National Income and Product Accounts for 1959-95: Results of the
Comprehensive Revision," SURVEY 76 (January/February 1996): 23-24.
5. For 1997, the revisions cannot be attributed to the same level of component detail as those for 1995 and 1996, because for 1997, the quarterly
estimates are prepared at a less detailed level.
was mostly accounted for by State and local social insurance funds (for employee retirement).
The upward revision to private wage and salary
disbursements reflected newly available BLS tabulations of wages and salaries of employees covered
by State unemployment insurance.
Proprietors' income with IVA and CCACIJ.—
Proprietors' income with IVA and ccAdj was
revised down $0.9 billion for 1995, up $7.4 billion
for 1996, and up $6.7 billion for 1997. For 1996,
the upward revision was mostly accounted for by
nonfarm proprietors' income, and for 1997, an
upward revision to nonfarm proprietors' income
more than offset a downward revision to farm
proprietors' income.
The revisions to farm proprietors' income primarily reflected newly incorporated information
from the U.S. Department of Agriculture. The
revisions to nonfarm proprietors' income primarily reflected newly incorporated IRS tabulations
of sole proprietorship and partnership tax return
data. The ccAdj for nonfarm proprietors' income was revised down for 1995 and 1996 and
up for 1997. (The ccAdj converts depreciation as
reported on income tax returns to depreciation
based on the replacement cost of the fixed assets;
see "Consumption of fixed capital.")
Rental income of persons with ccAdj.—Rental income of persons with ccAdj was revised up for
all 3 years: $0.9 billion for 1995, $3.9 billion
for 1996, and $10.3 billion for 1997. The revisions were more than accounted for by rental
income of persons (without ccAdj) and resulted
from downward revisions to several categories
of expenses—notably, mortgage interest, property insurance, and maintenance and repairs—
reflecting the incorporation of data from regular
sources, and, for 1997, the incorporation of
data from the Census Bureau current population
survey.
Corporate profits with IVA and cCAdj.—Corporate
profits with IVA and ccAdj were revised up for
all 3 years: $22.4 billion for 1995, $14.5 billion for
1996, and $12.9 billion for 1997. Upward revisions
to the ccAdj accounted for about one-third of the
revision for 1995, about two-thirds of the revision
for 1996, and about one-half of the revision for
1997 (see "Consumption of fixed capital"). Most
of the rest of the upward revisions for these years
were accounted for by corporate profits before
tax, though the IVA was also revised up.
Corporate profits before tax was revised up
for all 3 years, as both domestic profits and
August 1998
•
19
20
SURVEY OF CURRENT BUSINESS
• August 1998
rest-of-the-world profits were revised up. Within
domestic profits, upward revisions to financial
institutions accounted for almost two-thirds of
the revision for 1995 and more than accounted
for the revisions for 1996 and 1997. The revisions to domestic profits primarily reflected
revised IRS tabulations of corporate tax return
data for 1995, newly available tabulations for 1996,
and other data from regular sources for 1997.
The revisions to rest-of-the-world profits were
primarily accounted for by upward revisions to
receipts from U.S. investment abroad, reflecting
the incorporation of the annual revision of the
BPA'S.
The upward revisions to domestic profits that
resulted from the incorporation of newly available source data were partly offset by improvements to the following adjustments, which convert the IRS data to a NIPA basis: The adjustment
to remove capital gains from trading-account
activity of security brokers and dealers and of
depository institutions, which are reported as ordinary income to IRS, and the adjustment to
remove amortization or depreciation of intangible assets that are not deducted in the calculation
of NIPA profits. In addition, a new adjustment
was made in the calculation of NIPA profits to
deduct the full value of purchases of computer
software that were capitalized for IRS purposes
(see the section "Changes in Methodology").
Net interest.—Net interest was revised down for
all 3 years: $4.5 billion for 1995, $6.5 billion for
1996, and $16.7 billion for 1997.6
For 1995, the downward revision was attributable to an upward revision to monetary
interest received by domestic business that was
partly offset by an upward revision to monetary interest paid by domestic business and by a
downward revision to monetary interest received
by the rest of the world. The revisions to domestic business reflected revised IRS tabulations
of corporate tax return data, and the revision to
the rest of the world reflected the annual revision
of the BPA'S.
For 1996, the downward revision was attributable to downward revisions to imputed
interest paid by domestic business—primarily
by life insurance carriers and private noninsured pension plans—reflecting newly incorporated regular source data, and to monetary in6. Net interest is calculated as the sum of monetary interest paid by
domestic business and by the rest of the world and imputed interest paid
by domestic financial corporate business, less monetary interest received by
domestic business and by the rest of the world and imputed interest received
by domestic business and by the rest of the world.
terest paid by domestic corporations, reflecting
new IRS tabulations of corporate tax return data.
These revisions were largely offset by a downward
revision to monetary interest received by the rest
of the world, reflecting the annual revision of the
BPA'S.
For 1997, the downward revision was attributable to the revised 1996 levels and to newly
incorporated regular source data, mainly reports
from financial regulatory agencies.7
Consumption of fixed capital (CFC).—CFC—that
is, the charge for the using up of private and
government fixed capital—was revised up for all
3 years: $4.0 billion for 1995, $1.9 billion for
1996, and $3.9 billion for 1997. The revisions
were primarily accounted for by the private component of CFC and reflected the incorporation
of revised BEA estimates of fixed investment and
prices. (These estimates of investment and prices
are direct inputs into the calculation of both government and private net capital stocks, which are
used to calculate the CFC.)
Private capital consumption allowances
(CCA)—that is, tax-return-based depreciation
for corporations and nonfarm proprietorships
and historical-cost depreciation (using consistent
service lives) for farm proprietorships, rental income of persons, and nonprofit institutions—was
revised up for all 3 years: $8.0 billion for 1995,
$9.8 billion for 1996, and $10.1 billion for 1997.
The revision for 1995 reflected revised IRS tabulations of corporate tax return data, and the
revision for 1996 reflected new IRS data for corporations and for nonfarm proprietorships and
partnerships. The revision for 1997 reflected
revised BEA projections, which are based on attributing the amounts of fixed investment to
the various tax-return-depreciation patterns and
service lives, CCA for all 3 years was reduced by
improved estimates of the adjustment to remove
depreciation or amortization of intangible assets
that are treated as either investment or intermediate inputs and by the incorporation of a new
adjustment to exclude depreciation or amortization of computer software, which is treated as an
intermediate input (see the section "Changes in
Methodology").
Private capital consumption adjustment
(ccAdj), which is derived as the difference between private CCA and private CFC, was revised
up for all 3 years: $4.0 billion for 1995, $8.3 billion
for 1996, and $6.8 billion for 1997.
7. For 1997, the revision cannot be attributed to the same level of component detail as that for 1996, because for 1997, the quarterly estimates are
prepared at a less detailed level.
SURVEY OF CURRENT BUSINESS
Nonfactor incomes.—Nonfactor incomes—which
comprises indirect business tax and nontax liability, business transfer payments, and subsidies less
current surplus of government enterprises—was
revised down $0.8 billion for 1995, up $5.2 billion
for 1996, and up $11.8 billion for 1997. Indirect
business taxes were revised down for 1995 and up
for 1996 and 1997; subsidies less current surplus
of government enterprises, which is subtracted in
aggregating nonfactor incomes, was revised down
for all 3 years.
For 1996, the revision to indirect business taxes
was due to an upward revision to State and local indirect business taxes that more than offset
a downward revision to Federal indirect business
taxes. For 1997, the revision to indirect business taxes was due to upward revisions to both
Federal Government and State and local government indirect business taxes. The revisions
to State and local indirect business taxes were
mostly accounted for by sales taxes, reflecting
new and revised data from Census Bureau annual surveys of State and local governments. The
revisions to Federal indirect business taxes were
mostly accounted for by indirect business nontaxes, reflecting newly incorporated data from the
Treasury Department.
The downward revisions to subsidies less current surplus of government enterprises were
more than accounted for by the Federal Government component—specifically by the current
surplus of government enterprises for the Postal
Service—reflecting newly incorporated financial
data from the Postal Service.
National income.—National income—income
that originates from production—was revised up
$11.4 billion for 1995, up $1.5 billion for 1996,
and down $3.2 billion for 1997. These revisions
reflected the previously described revisions to
compensation of employees, proprietors' income,
rental income of persons, corporate profits, and
net interest.
Personal income and its disposition.—Personal
income—income received by persons from participation in production, from government and
business transfer payments, and from government interest—was revised down substantially
for all 3 years: $78.7 billion for 1995, $70.0 billion for 1996, and $89.9 billion for 1997. These
revisions were mainly due to the redefinition
of dividends affecting the treatment of capital
gains distributions of regulated investment companies (mutual funds) (see the section "Changes
in Methodology"). The revisions also reflected
the previously described revisions to the components of national income that are included
in personal income-—wage and salary disbursements, other labor income, proprietors' income,
and rental income of persons—and to the components of personal income—personal dividend
income and personal interest income—that are
derived from related components of national income. The revisions also resulted from revisions
to transfer payments to persons and to personal
contributions for social insurance.
Personal dividend income—which consists of
dividend income received by persons from all
sources and which equals net dividends less
dividends received by government—was revised
down for all 3 years: $59.1 billion for 1995,
$43.0 billion for 1996, and $61.2 billion for 1997.
These revisions primarily stemmed from the redefinition affecting dividends paid by regulated
investment companies; they also reflected newly
incorporated IRS tabulations of corporate tax return data, the annual revision of the BPA'S, and
data from public financial statements.
Personal interest income—which consists of
monetary and imputed interest received by persons from all sources and which equals net
interest plus interest paid by persons and interest paid by government less interest received by
government—was revised down for all 3 years:
$14.0 billion for 1995, $16.3 billion for 1996, and
$21.3 billion for 1997. These revisions reflected
not only the previously described revisions to net
interest, but also the revisions to net interest paid
by government and to interest paid by persons.
The revisions to personal interest income for 1995
and 1996 were mostly accounted for by downward revisions to net interest and to net interest
paid by government; for 1997, downward revisions to net interest and to net interest paid by
government were partly offset by an upward revision to interest paid by persons. The revisions
to net interest paid by government were more
than accounted for by revisions to State and local government interest received, reflecting new
and revised data from Census Bureau surveys of
State and local governments. The revision to interest paid by persons reflected revised data on
consumer credit from the Federal Reserve Board.
Transfer payments to persons was revised up
$0.9 billion for 1995, was revised little for 1996,
and was revised down $10.7 billion for 1997. For
1997, the revision was mostly accounted for by
a downward revision to State and local government medical care transfer payments, reflecting
newly incorporated data from the Health Care
August 1998
21
22 • August 1998
SURVEY OF CURRENT BUSINESS
Financing Administration on payments for medicaid. Federal transfer payments were also revised
down, reflecting newly incorporated data on
unemployment insurance payments from the Department of Labor. Personal contributions for
social insurance—which is subtracted in calculating personal income—was revised up $0.5 billion
for 1995, was revised little for 1996, and was
revised up $2.5 billion for 1997.
Personal tax and nontax payments was revised
down $0.1 billion for 1995, up $3.6 billion for
1996, and up $0.3 billion for 1997. For 1996,
the revision was primarily attributable to an upward revision to tax and nontax payments to
State and local governments. For 1997, an upward
revision to tax payments to State and local governments more than offset a downward revision
to Federal Government tax payments. The revisions to State and local tax and nontax payments
reflected new and revised data from Census Bureau surveys of State and local governments.
The revision to Federal Government tax payments reflected newly incorporated data from the
Treasury Department.
Reflecting the revisions to personal income and
to personal tax and nontax payments, disposable
personal income (DPI) was revised down for all
3 years: $78.7 billion for 1995, $73.6 billion for
1996, and $90.1 billion for 1997.
Personal outlays—PCE, interest paid by persons, and personal transfer payments to the rest
of the world (net)—was revised down $3.9 billion
for 1995, up $7.4 billion for 1996, and up $15.6
billion for 1997. For 1995, the revision was mostly
accounted for by a downward revision to PCE.
For 1996, the revision was more than accounted
for by an upward revision to PCE. For 1997, the
revision was about equally accounted for by an
upward revision to PCE and an upward revision
to interest paid by persons.
Personal saving—the difference between DPI
and personal outlays—was revised down sharply
for all 3 years: $74.8 billion for 1995, $81.1 billion
for 1996, and $105.7 billion for 1997. The downward revisions primarily reflected the redefinition
affecting dividends paid by regulated investment
companies. The personal saving rate—personal
saving as a percentage of DPI—was also revised
down sharply for all 3 years: From 4.8 percent to
3.4 percent for 1995, from 4.3 percent to 2.9 percent for 1996, and from 3.9 percent to 2.1 percent
for 1997 (see the box "Recent Trends in the NIPA
Personal Saving Rate" on page 30).
Gross saving and investment—Gross saving was
revised up for all 3 years: $21.9 billion for 1995,
$6.7 billion for 1996, and $12.0 billion for 1997
(see appendix A, account 5). Gross saving as a
percentage of GNP was revised up 0.3 percentage point to 16.3 percent for 1995, was unrevised
at 16.0 percent for 1996, and was revised up 0.1
percentage point to 17.4 percent for 1997.
For 1995, the revision reflected upward revisions to gross private saving and to government
saving. Within gross private saving, an upward
revision to undistributed profits with IVA and
ccAdj more than offset the downward revision
to personal saving; these revisions primarily reflected the redefinition affecting dividends paid
by regulated investment companies (see the section "Changes in Methodology"). The revision
to government saving was mostly accounted for
by an upward revision to the State and local
government surplus.
For 1996 and 1997, upward revisions to the
government surplus or deficit more than offset downward revisions to gross private saving.
The revisions to the government deficit were
mostly accounted for by upward revisions to
the State and local government surplus. Within
gross private saving, downward revisions to personal saving more than offset upward revisions
to undistributed profits with IVA and ccAdj and
to the adjustment "wage accruals less disbursements." The revisions to personal saving and
undistributed profits again primarily reflected
the redefinition of dividends paid by regulated
investment companies.
Gross investment—the sum of gross private domestic investment, gross government investment,
and net foreign investment—was revised up for
all 3 years: $23.7 billion for 1995, $34.4 billion for
1996, and $42.2 billion for 1997. For all 3 years,
all the components were revised up.
Annual price estimates
Revisions to the chain-type price indexes result
from the incorporation of newly available and
revised source data, the regularly scheduled incorporation of weights for the most recent year
(1997) into the chain formula, and the introduction of methodological changes that affect both
the use of source data and the weights.8 In this
annual revision, the source data for price indexes that are used for deflation and the source
data that affect implicit prices were revised; the
implicit prices are derived from current-dollar estimates and from the quantity data that are used
8. The estimates for the first four quarters of the previous "tail" period—
the third quarter of 1996 through the second quarter of 1997—have been
revised to incorporate the annual weights for 1996 and 1997.
SURVEY OF CURRENT BUSINESS
in quantity extrapolation and direct valuation. In
addition, the prices used for deflation reflected
updated seasonal adjustment factors.
As described in the section "Changes in
Methodology," the revisions to prices reflect
the introduction of geometric-mean-type consumer price indexes (CPI'S) for deflation of
detailed components of PCE and the introduction of a number of new price indexes for
PCE, fixed investment, exports and imports, and
government.
Newly available source data resulted in revisions to the implicit prices for the following components: Four types of PCE services—automobile
insurance, health insurance, brokerage and investment charges, and "services furnished without payment by financial intermediaries except
life insurance carriers and private noninsured
pension plans"—and Federal Government and
State and local government compensation of employees. The revisions to most of these prices
reflected the previously discussed revisions to the
corresponding current-dollar estimates.
The level of the chain-type price index for gross
domestic purchases was revised down for all 3
years: 0.24 index point to 107.28 for 1995, 0.68 index point to 109.18 for 1996, and 0.84 index point
to 110.92 for 1997. Reflecting these revisions in
level, the annual percent increase in the index was
revised down 0.2 percentage point to 2.3 percent
for 1995, down 0.4 percentage point to 1.9 percent
for 1996, and down 0.1 percent to 1.9 percent for
1997 (table 4). For all 3 years, the revisions to the
percent change in the chain-price index for GDP
were the same as those to the chain-price index
for gross domestic purchases.
The largest contributor to the downward revisions to the percent change in GDP prices was
the downward revision to PCE for nondurable
goods. For 1996, PCE for services and State and
local government consumption expenditures also
were large contributors to the downward revision to GDP prices. The contribution from State
and local government reflected a large downward revision to the implicit price for employee
compensation, which, in turn, reflected a large
downward revision to current-dollar employee
compensation.
By major component of GDP, the largest downward revision was to the change in the price
index for State and local government for 1996,
which was revised down 1.0 percentage point,
reflecting the revised data on employee compensation. Prices of three major components of
GDP had downward revisions of 0.4 percentage
point or more for all 3 years: Prices of PCE
for durable goods were revised down 0.6 percentage point for 1995, 0.5 percentage point for
1996, and 0.4 percentage point for 1997; prices of
PCE for nondurable goods were revised down 0.5
percentage point for 1995, 0.6 percentage point
for 1996, and 0.4 percentage point for 1997; and
prices of Federal national defense were revised
down 0.4 percentage point for 1995, 0.6 percentage point for 1996, and 0.6 percentage point for
1997. The downward revisions to prices of PCE for
durable and nondurable goods primarily reflected
the introduction of the geometric CPI'S as deflators. The downward revisions to the prices of
Federal national defense reflected revised source
data and were widespread among subcomponents. The prices of residential fixed investment
were revised down 0.5 percentage point for 1996
and 0.4 percentage point for 1997, reflecting the
introduction of a new deflator for real estate brokers' commissions. The largest upward revision
was 0.3 percentage point to the prices of nonresidential structures for 1996, reflecting a large
upward revision to the implicit price of petroleum and gas well drilling and exploration, which
in turn reflected a large upward revision to the
current-dollar estimate.
Annual real GDP estimates
In general, revisions to real GDP reflect four factors: (1) Revisions to the current-dollar components of GDP for which chained-dollar estimates
are prepared by deflation, (2) revisions to the
prices used in deflation, (3) revisions to the quantities used to estimate components of real GDP
by extrapolation or direct valuation, and (4) revisions resulting from the use of revised and
updated weights in the calculation of real GDP.
For the GDP components for which chaineddollar estimates are prepared by extrapolation or
direct valuation, the current-dollar and chaineddollar estimates are based on independent source
data; consequently, the corresponding revisions
are unrelated.9 Thus, differences between the
current-dollar revisions and the chained-dollar
revisions to these components are reflected as revisions to their implicit prices. In this annual
revision, the revisions to the current-dollar GDP
estimates are smaller than those to the chaineddollar GDP estimates, resulting in downward
revisions to the implicit prices.
9. For a list of these components, see table 2 in "A Guide to the NIPA'S"
in the March 1998 SURVEY, pages 62-68. An updated version of this table will
be published in the September 1998 SURVEY.
August 1998
•
23
24
SURVEY OF CURRENT BUSINESS
• August 1998
Table 4.—Revisions to Percent Change in GDP, Real GDP, and Price Indexes (Chain-type Weights)
[Percent change from preceding period]
1996
1995
1994
1997
PrePrePreRevised Revision viously
viously
Revised Revision viously
Revised Revision
published
published
published
Current dollars
Gross domestic product
4.6
0
5.1
5.4
0.3
5.8
5.9I
0.1
5.8
9.3
4.2
5.9
5.1
5.0
3.3
6.1
5.0
5.4
3.2
5.9
-.1
.4
-.1
-.2
5.0
4.3
4.0
5.7
5.3
5.3
4.4
5.7
.3
1.0
.4
0
5.3
3.9
3.7
6.5
5.3
4.6
4.0
6.2
0
10.6
9.4
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential .
..
4.6
6.5
9.4
7.0
10.1
.5
.7
8.2
8.1
8.6
8.3
.4
.2
7.7
8.4
8.1
9.2
10.7
8.7
5.2
5.9
.
4.6
8.7
9.1
.4
7.3
7.8
.5
7.0
11.3
13.7
9.7
-.3
10.6
-.4
.9
-1
8.4
8.5
8.5
9.5
.1
1.0
8.9
5.8
9.5
.
13.5
11.4
13.6
11.2
.1
6.4
6.6
-.2
6.8
6.8
0
9.6
.1
-.1
3.8
2.1
3.6
1.8
-.2
-.3
3.3
.7
-.1
2.4
1.9
-.5
-7
-.1
.2
1.4
4.8
1.7
4.7
.3
-.1
3.7
4.8
.7
.3
-.3
.4
.8
3.7
-.2
-.6
Chanae in business inventories
Net exports of goods and services
Exports
Imports
12.9
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
2.3
-1.6
-3.2
2.1
4.9
3.2
-.1
-1.3
2.4
5.4
3.3
-.2
-1.4
2.3
5.6
.2
9.9
10.5
9.7
.6
3.5
.3
-1.4
4.1
5.4
.2
-.4
.1
-.7
.4
.6
Shained (1992) dollar5
3.5
2.0
2.3
0.3
2.8
3.4
0.6
3.8
3.9
0.1
Personal consumption expenditures
Durable goods
Nondurable goods
Services
3.3
7.1
2.9
2.7
2.4
4.0
1.6
2.5
2.7
5.0
2.0
2.5
.3
1.0
.4
0
2.6
4.7
1.4
2.7
3.2
6.3
2.4
3.0
.6
1.6
1.0
.3
3.3
5.6
1.8
3.5
3.4
6.8
2.4
3.2
.1
1.2
.6
-.3
Gross private domestic fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
8.6
8.0
5.1
9.0
5.5
9.6
.4
.6
8.3
9.2
8.8
9.3
.5
.1
7.9
9.9
8.3
10.7
.4
.8
1.0
4.3
4.8
.5
4.8
5.0
.2
3.6
7.1
3.5
11.0
10.1
10.8
-3.8
11.5
-3.8
.7
0
10.9
5.9
10.9
7.4
0
1.5
12.5
2.7
12.1
2.5
-.4
-2
8.2
11.1
8.9
11.3
8.8
.2
8.3
8.5
.2
12.2
-.1
9.1
9.2
.1
12.3
14.2
12.8
13.9
-.3
0
-0.8
-4.9
-1.1
0
-3.3
-4.3
-1.4
.2
-3.3
-4.0
-1,8
.2
.3
-.4
.5
-1.3
-1.5
-.9
1.1
-1.1
-1.3
-.5
.6
.2
.2
.4
.9
-1.6
-2.9
1.2
1.3
-1.6
-3.2
1.7
.4
0
-.3
.5
2.6
2.1
2.4
.3
1.6
2.4
.
a
2.4
3.1
.7
Gross domestic product
Change in business inventories
Net exports of goods and services
Exports
Imports
Government consumption expenditures and gross investment
Federal
National defense
.
Nondefense
State and local
0
.5
Chain-type price indexes
2.4
Gross private domestic fixed investment
Nonresidential
Structures
Producers' durable eauioment
Residential
2.5
2.3
-O.2
2.3
1.9
-0.4
2.0
1.9
-0.1
2.4
2.0
Gross domestic product
Personal consumDtion exoenditures
Durable goods
Nondurable goods
Services
2.6
1.0
2.3
.4
-.3
-.6
2.4
-.4
2.0
-.9
-.4
-.5
2.0
-1.6
1.9
-2.0
-.1
—4
-.5
-.2
2.6
2.0
-.6
1.9
1.5
-.4
2.9
2.7
-.2
2.9
2.9
0
-.1
-1.0
-.1
-.9
0
-.2
-1.3
0
3.4
.1
1.3
..
1.2
3.5
3.3
1.8
1.2
1.3
.4
1.4
.5
3.6
...
1.7
3.1
4.2
4.1
.3
3.3
-1.0
3.6
_^
-.9
3.5
-!i
.1
-.2
-1.4
2.3
2.6
.3
3.3
-2.3
2.4
-2.2
1.9
.1
-.5
-3.1
3.0
-3.0
2.6
.1
-.4
-1.8
-2.2
-1.7
-2.2
.1
-2.2
-4.9
-2.0
-3.7
.2
0
.1
Change in business inventories
Net exoorts of aoods and services
Exports
Imports
1.2
2.2
2.1
-.1
.6
2.2
2.2
0
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
2.3
2.3
1.8
3.3
2.3
3.3
3.3
3.1
3.9
3.2
3.1
3.2
2.7
4.1
3.1
-.2
-.1
-.4
.2
-.1
3.3
3.4
3.9
2.3
3.2
2.5
2.9
3.3
2.2
2.2
-.8
-.5
-.6
-.1
-1.0
2.4
2.4
2.4
2.5
2.3
2.2
2.0
1.8
2.4
2.2
-.2
-.4
-.6
-.1
-.1
Addendum:
Gross domestic purchases
2.3
2.5
2.3
-.2
2.2
1.8
-.4
1.7
1.6
-.1
.2
SURVEY OF CURRENT BUSINESS
For 1995, the annual changes in PCE for goods,
in PDE, and in State and local government
consumption expenditures and gross investment
were revised up. For 1996, the changes in most
major GDP components except for nonresidential
structures were revised up. For 1997, upward revisions to the changes in PCE for goods, in State
and local government, in nonresidential structures, and in exports of goods and services and
a downward revision to the change in imports of
goods and services more than offset downward
revisions to the changes in PCE for services and
in CBI.
Revisions to the components of real GDP.—The annual percent change in real PCE was revised up
for all 3 years: 0.3 percentage point to 2.7 percent for 1995, 0.6 percentage point to 3.2 percent
for 1996, and 0.1 percentage point to 3.4 percent
for 1997. For 1995, the upward revision was more
than accounted for by upward revisions to PCE
for durable and nondurable goods (mainly furniture and household equipment and clothing and
shoes). For 1996, the upward revision was the
result of widespread upward revisions to PCE for
durable and nondurable goods and of an upward
revision to PCE for services (mainly household
operation and transportation). For 1997, the upward revision was more than accounted for by
widespread upward revisions to PCE for durable
and nondurable goods; PCE for services was revised down (mainly "other services" and medical
care).
The change in nonresidential fixed investment
was revised up for all 3 years: 0.6 percentage point to 9.6 percent for 1995, 0.1 percentage
point to 9.3 percent for 1996, and 0.8 percentage point to 10.7 percent for 1997. For 1995,
PDE primarily accounted for the revision. Within
PDE, the upward revision was widespread; notably, an upward revision to industrial equipment
was offset by a downward revision to computers
and peripheral equipment. For 1997, structures
more than accounted for the revision. Within
structures, the largest upward revisions were to
petroleum and gas well drilling and exploration
and to utilities.
The change in residential investment was unrevised at -3.8 percent for 1995, was revised up 1.5
percentage points to 7.4 percent for 1996, and was
revised down 0.2 percentage point to 2.5 percent
for 1997. Improvements to existing structures accounted for most of the revision for 1996 and
more than accounted for the revision for 1997.
The change in inventory investment was revised up $0.4 billion (chained dollars) for 1995,
was revised up $4.6 billion for 1996, and was
revised down $7.5 billion for 1997. For 1995,
an upward revision to nonfarm inventory investment more than offset a downward revision
to farm inventory investment; within nonfarm
inventory investment, the largest upward revision was to manufacturing durable goods, and
the largest downward revision was to "other
durable goods." For 1996 and 1997, farm inventory investment more than accounted for the
revisions.
The change in exports of goods and services
was revised up for all 3 years: 0.2 percentage
point to 11.3 percent for 1995, 0.2 percentage point
to 8.5 percent for 1996, and 0.5 percentage point
to 12.8 percent for 1997. For 1997, the revision was
mainly accounted for by "other private services."
The change in imports of goods and services
was revised down 0.1 percentage point to 8.8 percent for 1995, was revised up 0.1 percentage point
to 9.2 percent for 1996, and was revised down
0.3 percentage point to 13.9 percent for 1997. The
downward revision for 1997 was mostly accounted
for by computers, peripherals, and parts and by
travel.
The change in government consumption expenditures and gross investment was revised up
for all 3 years: 0.2 percentage point to 0.2 percent for 1995, 0.6 percentage point to 1.1 percent
for 1996, and 0.4 percentage point to 1.3 percent
for 1997. For 1995, upward revisions to State and
local investment in equipment and in structures
more than offset a downward revision to State
and local consumption of "other services." For
1996, an upward revision to State and local compensation of employees accounted for most of
the revision. For 1997, widespread upward revisions to State and local government spending
more than accounted for the revision.
Quarterly estimates
Revisions to the quarterly (and monthly) NIPA
estimates reflect the revisions to the annual
estimates from the newly incorporated annual
source data, the incorporation of new and revised
monthly and quarterly source data (including the
updating of seasonal factors that are used to indicate quarterly patterns), and the introduction of
changes in methodology. In this annual revision,
these changes in methodology include those that
affected nonfarm CBI and net exports.
In general, the quarter-to-quarter patterns of
change in the principal measures of real output
and prices on the revised basis are not markedly
different from those on the previously published
August 1998 •
25
26
SURVEY OF CURRENT BUSINESS
• August 1998
Table 5.—GDP, Real GDP, the GDP Price Index, and the Gross Domestic Purchases Price Index: Revisions to Percent
Change From Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted annual rates]
GDP
Previously
published
Real GDP
Revised
Revision
Previously
published
Revised
GDP price index
Revision
3.6
1994:1V
6.4
1995:1
II
Ill
IV
4.2
2.3
5.2
4.5
4.3
2.3
5.3
4.9
1996:1
II
Ill
IV
4.7
7.7
3.6
6.2
1997:1
II
Ill
IV
1998:1
.1
.4
1.7
.4
3.3
2.8
.8
.1
.3
.6
5.7
7.3
3.9
6.1
1.0
-.4
.3
-.1
1.8
6.0
1.0
4.3
3.3
6.1
2.1
4.2
7.4
5.2
4.6
5.2
7.2
5.6
5.4
4.2
-.2
.4
.8
-1.0
4.9
3.3
3.1
3.7
6.6
6.4
-.2
5.4
0
Revised
Revision
2.6
.9
.3
3.0
2.2
.1
Previously
published
Gross domestic purchases price
index
Previously
published
Revised
Revision
2.5
2.1
2.0
2.1
2.5
2.0
1.9
2.0
-.8
-.1
-.1
-.1
3.0
2.5
1.7
1.9
2.2
2.4
1.6
1.8
-.8
-.1
-.1
-.1
1.5
.1
1.1
-.1
2.8
1.9
2.7
1.9
2.2
1.4
1.8
1.6
-.6
-.5
-.9
_2
2.7
1.8
2.4
2.4
2.1
1.4
1.5
2.1
-.6
-.4
-.9
-.3
4.2
4.0
4.2
3.0
-.7
.7
1.1
-.7
2.4
1.8
1.4
1.4
2.8
1.7
1.2
1.1
.4
-.1
-.2
-.3
1.9
.8
1.3
1.4
2.2
.9
1.1
1.0
.3
.1
-.2
-.4
5.5
.1
1.2
.9
-.3
.1
-.2
-.3
basis (table 5). For real GDP, the revisions to
the 13 quarterly percent changes (at annual rates)
averaged 0.6 percentage point (without regard
to sign). The changes were revised up for 10
quarters and down for 3 quarters. With three
exceptions, the quarterly percent changes in real
GDP were revised less than 1.0 percentage point.
For the first quarter of 1996, the percent change
in real GDP was revised up 1.5 percentage points to
3.3 percent; most of the major GDP components
contributed to the revision. For the third quarter of 1996, the percent change in real GDP was
revised up 1.1 percentage points to 2.1 percent;
PCE for services and CBI more than accounted for
the revision. For the third quarter of 1997, the
percent change in real GDP was revised up 1.1 percentage points to 4.2 percent; exports of goods
and services and PCE for services accounted for
most of the revision.
For gross domestic purchases prices, the revisions to the 13 quarterly percent changes (at annual rates) averaged 0.4 percentage point (without regard to sign). The changes were revised
down for 11 quarters and up for 2 quarters. The
largest revision was a downward revision of 0.9
percentage point for the third quarter of 1996; the
sources of this revision were widespread.
Changes in Methodology
This section describes the changes in methodology—either in the source data or in the methods used to prepare the estimates—that were
incorporated into this annual revision.10 Several
10. These methodological changes update the two tables that list the principal source data and methods used to prepare the estimates of GDP. These
tables were published in "A Guide to the NIPA'S" in the March 1998 SURVEY,
pages 49-68; updated tables will be published in the September 1998 SURVEY.
•3.3
of these changes were identified as high priority
items in BEA'S strategic plan for maintaining and
improving the Nation's economic accounts.11
Autos and trucks.—In this annual revision, data
on rebates collected by BLS as part of the CPI estimation of the index for new autos have been
incorporated into the monthly estimates of average expenditures for autos; previously, rebates
were estimated annually, based on data on rebate
programs reported in Automotive News. For estimates of light trucks in PCE for durable goods and
producers' durable equipment, beginning with
1997, the average value for 1996, which is based
on data on shipments from the Census Bureau's
annual survey of manufactures, has been extrapolated by an average of list prices by nameplate
that is based on representative list prices from
the Automobile Invoice Service and by unit sales
by nameplate reported in Ward's Automotive Reports. The list-price average has also been used
to interpolate monthly estimates for 1995 and
1996. Previously, the CPI for new trucks was
used for extrapolation and interpolation of the
average value of consumer purchases, and the
PPI for light trucks was used for extrapolation
and interpolation of the average value of business
purchases.
PCE for services.—BEA has introduced improved
measures of annual and of quarterly and monthly
expenditures for brokerage and investment counseling, casino gambling, motor vehicle leasing,
telephone services, and computer online services. The new extrapolators that are described
in the following paragraphs are used to prepare
11. See "BEA'S Mid-Decade Strategic Plan: A Progress Report," SURVEY 76
(June 1996): 52-55.
SURVEY OF CURRENT BUSINESS
the current quarterly estimates—either the advance, preliminary, or final estimates—as soon as
the data become available; until then, judgmental
trends continue to be used.
For brokerage and investment counseling,
current-period estimates of investment advisory
services of securities broker-dealers are extrapolated using quarterly Securities and Exchange
Commission (SEC) data on revenues for these
services; previously, a judgmental trend was used.
For trust services of commercial banks, currentperiod estimates are extrapolated using data on
income from fiduciary activities of insured commercial banks reported to the Federal Deposit
Insurance Corporation; previously, a judgmental trend was used. For sales charges on mutual
fund sales, the monthly interpolator and extrapolator, which is mutual fund sales reported by
the Investment Company Institute, now excludes
reinvested dividends; this change was made so
that the indicator series now consists only of new
sales. The quarterly interpolator and extrapolator continues to be based on revenues from SEC
data, which do not include reinvested dividends.
For casino gambling, revenues from legalized
gambling for States other than Nevada and New
Jersey for the most recent year are now derived by
extrapolating the gambling revenues reported by
the State regulatory commissions for Colorado,
Illinois, Indiana, Mississippi, and South Dakota.
Revenues from gambling on Indian reservations
for the most recent year are now extrapolated
using revenues from the largest Indian gambling
casino. For monthly interpolation and extrapolation, revenues for the newly introduced States are
used for all gambling revenues outside of Nevada
and New Jersey; previously, these revenues were
interpolated and extrapolated using Nevada and
New Jersey gambling revenues.
For telephone and telegraph services, the extrapolation of expenditures for local services for
the most recent year and the interpolated and
extrapolated quarterly estimates of local telephone services are now based on local service
revenues of large telephone companies from SEC
IOQ reports. Similarly, expenditures for intrastate
long-distance services are now interpolated and
extrapolated using long-distance revenues for
these companies. Previously, total operating revenues of these companies were used for annual
and quarterly interpolation and extrapolation of
both local and intrastate long-distance services.
For cellular telephone services, semiannual data
on revenues of cellular telephone companies
reported by the Cellular Telecommunications In-
dustry Association (CTIA) are used. Monthly
interpolation is now based on the number of
cellular telephone subscribers reported by the
CTIA. Beginning with January 1998, extrapolation uses the product of CTIA subscribers and
the CPI for cellular telephone services; previously, extrapolation and interpolation of cellular
telephone services expenditures had been judgmental. Cellular interstate long-distance services
are extrapolated using SEC IOQ reports on residential revenues for the largest cellular long-distance
company and on long-distance revenues for the
second and third largest companies.
For motor vehicle leasing, which includes automobiles and light trucks, expenditures for leasing
each type of vehicle are measured as the sum
of downpayments on new leases and of monthly
lease payments on new and continuing leases.
For 1996 and 1997, downpayments for each type
of vehicle are extrapolated using the number of
new personal lease registrations from R.L. Polk
and Company together with average expenditures for new autos and light trucks. Monthly
lease payments are extrapolated using estimates
of the sum of lease payments on new and existing
leases. For all leases, equal monthly payments
are determined by the amortization of cumulated depreciation of the vehicle over the lease
term. Cumulated depreciation, in real terms,
is the difference between the new-vehicle value
(less downpayment) and the expected residual,
or lease-end, value of the vehicle. The distribution of lease terms was based on information
provided by R.L. Polk, on lease-initiation values
by average expenditures less estimated downpayments, and on lease-end values on depreciation
schedules for used autos, determined by historical price-adjusted averages of used-to-new-price
ratios for autos by age. The interest rate used to
amortize the depreciation is the interest rate on
new-car loans at the time of lease initiation as reported by the Federal Reserve Board. Estimated
monthly lease payments were also used to interpolate the annual estimates for 1995-97 and are
used to extrapolate the current-period estimates.
For 1996 and 1997, annual and quarterly expenditures for computer online services are now
estimated using online service revenuesfromSEC
IOQ reports for the two largest online services and
the number of subscribers to computer online
services and Internet service providers reported
in Interactive Services Report. Beginning with January 1998, estimates are extrapolated using the
product of the average number of subscribers
series and the CPI for computer information
August 1998 •
2J
28
• August 1998
SURVEY OF CURRENT BUSINESS
processing services. Real estimates for 1995-97
are extrapolated using the number of monthly
subscribers.
Change in nonfarm business inventories
(CBI).—Effective with this annual revision, a new
methodology is used to compute the quarterly
and monthly estimates of CBI for manufacturing and for merchant wholesale and retail
trade. Inventories for these industries are reported monthly by businesses to the Census
Bureau on a non-LiFO (non-last-in-first-out) basis. To estimate CBI for these industries, BEA
revalues the inventories reported to the Census
Bureau to a current-period replacement cost, so
that CBI equals the change in the quantity of
goods held in inventory valued in average prices
of the period; this revaluation eliminates gains or
losses that result from holding inventories when
prices change.
Previously, the monthly and quarterly estimates
of CBI for these industries used just the non-LiFO
inventory values, whereas the annual estimates
used the LIFO inventory values for those businesses that reported them on both a LIFO and
non-LiFO basis on the Census Bureau's annual
surveys.12 BEA is now using a similar methodology for both sets of estimates that incorporates
a mixture of LIFO and non-LiFO inventory valuations as reported in the most recent annual
surveys. The use of the LiFO-valued inventories provides a more reliable estimate of CBI
because the LIFO valuation more closely approximates current-period replacement-cost valuation.
The change in methodology resulted because BEA
concluded that the non-LiFO methodology introduced an unreasonable amount of volatility into
estimates for industries having a large proportion of LiFO-valued inventories and products with
volatile prices, such as the petroleum refining
industry.
Net exports.—The major source of the NIPA estimates of foreign transactions is the U.S. balance
of payments accounts (BPA'S), which are also
prepared by BEA. In this year's annual BPA revision, newly available data from regular sources,
including revised monthly data on foreign travelers in the United States, and from benchmark
surveys conducted by BEA and by the Department of the Treasury were incorporated. Several
improvements in estimating methodologies were
also introduced, including the seasonal adjust12. For the annual surveys, businesses that also value inventories for financial accounting or for income tax reporting purposes on a LIFO valuation
basis report that information to the Census Bureau.
ment of estimates for exports of complete civilian
aircraft in the category "civilian aircraft, engines,
and parts."13 In addition to the revisions to the
BPA'S, the NIPA'S also incorporate revisions to
the items that adjust for the differences between
the two sets of accounts. (These differences are
identified in NIPA table 4.5.)
As usual, the BPA revisions were brought into
the NIPA'S at their "best level," beginning with estimates for 1995; the NIPA estimates for foreign
transactions for earlier years were not revised.
(Revisions to the BPA'S for years prior to 1995 will
be incorporated in the next comprehensive NIPA
revision.) As a result, there are discontinuities in
the NIPA estimates from 1994 to 1995: The change
in current-dollar net exports of goods and services is overstated by $3.7 billion, and the change
in current-dollar GDP is overstated by $3.9 billion. These discontinuities are accounted for by
services. For net receipts of factor income, the
change is overstated by $6.8 billion. For GNP,
which includes both net exports of goods and
services and net receipts of factor income, the
change is overstated by $10.7 billion.
Computer software.—In the NIPA'S, business purchases of computer software that is not embedded
in computer hardware are treated as intermediate inputs and are excluded from the fixed
investment component of GDP. Similarly, the consumption of fixed capital component of gross
domestic income (GDI) excludes depreciation of
these purchases.
For tax purposes, some business purchases of
computer software are capitalized and depreciated or amortized rather than expensed. To the
extent that capitalization occurs, inconsistencies
between the estimates of GDP and GDI will result
because tabulations of IRS corporate tax return
data are the principal source data for the NIPA
estimates of corporate profits and of corporate
capital consumption allowances (CCA).14
Largely on the basis of a detailed analysis of
tax returns of large corporations, BEA determined
that most business purchases of computer software are being expensed; however, to the extent
that businesses are capitalizing these purchases,
the NIPA estimates of CCA have been adjusted
to eliminate the amount of capitalized software
purchases, and the IRS profits data have been adjusted to reflect the "expense" treatment. As a
result, corporate profits and the CCA were revised
13. See Christopher L. Bach, "U.S. International Transactions, Revised
Estimates for 1986-97," SURVEY 78 (July 1998): 47-55.
14. For the derivation of these NIPA measures from the tax return data,
see NIPA tables 8.20 (for CCA) and 8.23 (for corporate profits).
SURVEY OF CURRENT BUSINESS
down; the corporate ccAdj was also revised down
by the same amount as the CCA because it is calculated as the difference between the CCA and the
consumption of fixed capital, which is not based
on tax return data.
because profits of regulated investment companies are calculated using receipts that are defined
consistently with those of all the other corporations, which also exclude dividends and capital
gains. Finally, the change does not affect either
gross domestic income or GDP.
In the previously published estimates for 1997,
dividends included about $61 billion in capital gains distributions of regulated investment
companies. As a result, the level of undistributed profits was understated by 30 percent,
and personal saving was overstated by 37 percent.
The inclusion of these dividends had overstated
personal income by about 0.9 percent and the
personal saving rate (the ratio of personal saving
to disposable personal income) by 2.1 percentage
points; as a result, the redefinition of dividends
significantly reduced the personal saving rate, a
rate that has fallen to near-record lows in recent
years.
In the previously published estimates, the NIPA
personal saving rate declined from a high of 9.1
percent in 1982 to a post-World War 11 low of 3.9
percent in 1997. In the revised estimates, the rate
declines from 9.0 percent in 1982 to 2.1 percent in
1997, and it has declined even further in 1998. (As
described in the "Business Situation" in this issue,
the rate has fallen to 0.6 percent in the second
quarter of 1998.) The box, "Recent Trends in the
NIPA Personal Saving Rate" on the following page
provides a perspective on these trends in NIPA
personal saving.
Dividends.—Effective with this annual revision,
dividend payments are redefined to exclude distributions that reflect capital gains income. In
practice, this redefinition means that the capital gains distributions of regulated investment
companies—that is, mutual funds—are excluded
from dividend payments. Because of a lack of
source data on other types of capital gains that
are included in dividends, total dividends continue to reflect capital gains distributions, though
it is believed that the remaining distributions are
small relative to those of the regulated investment
companies.
The rationale for the redefinition is that all
identified forms of capital gains should be excluded from NIPA measures of output and income; capital gains and losses, such as holding
gains on inventories, have always been excluded
from the estimates of GDP and of gross domestic
income. However, dividend payments that reflected capital gains income had been included
because dividends were defined without regard to
the source of income used to fund them. The
redefinition is being made in this annual NIPA
revision rather than in the next comprehensive
revision, as would be the usual practice, because
capital gains distributions of regulated investment
Federal income taxes.—The revised estimates for
companies have grown rapidly in recent years and
Federal personal tax and nontax payments (rehave become large enough that NIPA estimates of
ceipts) incorporate a new methodology for deundistributed corporate profits were significantly
riving the monthly and quarterly estimates of
understated, and the estimates of personal saving
declarations and settlements (estimated income
were significantly overstated.
tax payments and final settlements) less refunds.
This change affects dividend payments of regThese taxes have grown sharply and unexpectedly
ulated investment companies and the aggregates
in recent years, and the previous methodology
that include them—that is, NIPA personal inof preparing the monthly and quarterly estimates
come and disposable personal income. Beby interpolating, without an indicator, the ancause personal saving is calculated as disposable
nual collections data from the Department of
personal income less personal outlays, the rethe Treasury and the projections for the current
definition reduces personal saving. Similarly,
year from the Federal Budget resulted in large
because undistributed corporate profits, a comrevisions when the collections data replaced the
ponent of business saving, is calculated as profits
projections.
after tax less dividends, the redefinition raises
The new methodology separates estimated inundistributed corporate profits. Consequently,
come tax payments and final settlements into
the redefinition does not affect gross (national)
estimated taxes, final settlements, back taxes,
saving, because the downward revisions to perfiduciary taxes (taxes paid by estates and trusts on
sonal saving are offset by the upward revisions
income earned), arid refunds. The methodology
to undistributed corporate profits. The change
has not been changed for estimated and fiduciary
also does not affect corporate profits from curtaxes, which are primarily based on tax liabilirent production (corporate profits with inventory
ties for the current year and have monthly and
valuation and capital consumption adjustments),
August 1998 •
29
30
SURVEY OF CURRENT BUSINESS
• August 1998
Recent Trends in the NIPA Personal Saving Rate
This box discusses the historically low personal saving rate—saving
as a percentage of disposable personal income—that resulted from
the revisions to personal income, largely from the redefinition of
dividends affecting the treatment of capital gains distributions of
regulated investment companies (see "Dividends" on page 29).
In this annual revision, the personal saving rate for 1995-97 was
revised down significantly, from an average of 4.3 percent to 2.8 percent. The saving rate was revised back to 1982, but the revisions
were smaller (see table A). Although the revision to the personal
saving rate is large for recent years, the overall trend in personal
saving is not changed (chart A). The previously published personal
saving rate of 3.9 percent for 1997 was already the lowest rate since
1947. The pattern in the NIPA personal saving rate is similar to that
in the Federal Reserve Board's (FRB'S) measure of saving, which is
based on households' net acquisition of financial assets plus their net
investment in tangible assets less the net increase in their liabilities.
The FRB'S rate is 2.4 percent in 1997, close to the revised NIPA rate of
2.1 percent, and is the lowest rate since 1946, when the series begins.
Since 1991, the year that includes the last cyclical GDP trough,
the personal saving rate has declined from 5.6 percent to 2.1 percent. This decline, which reflects a faster increase in personal outlays
(mainly in personal consumption expenditures) than in disposable
personal income, may be attributable to the "wealth effect," which
is the term used to refer to the tendency of households to increase spending in response to an increase in the value of their asset
holdings. According to FRB data, nominal holding gains, primarily
related to changes in stock prices, increased household net worth by
Table A.—Revisions to the Personal Saving Rate, 1982-37
[Percent]
Previously
published
Year
1982
1983
1984
1985
1986
1987
1988
1989
..
..
..
..
..
..
..
..
9.1
7.0
8.7
7.2
6.5
5.3
5.5
5.1
Revised Revision
9.0
6.7
8.6
6.9
5.9
5.0
5.4
5.0
-0.1
-.3
-.1
-.3
-.6
-.3
-.1
-.1
Year
1990
1991
1992
1993
1994
1995
1996
1997
Previously
published
..
..
..
..
..
..
..
..
5.3
6.0
6.2
5.1
4.2
4.8
4.3
3.9
Revised Revision
5.1
5.6
5.7
4.4
3.5
3.4
2.9
2.1
-.2
-.4
-.5
-.7
-.7
-1.4
-1.4
-1.8
$1,099.2 billion in 1991, or one-fourth of disposable personal income.
In 1997, these gains increased household net worth by $3,445.2 billion, or three-fifths of disposable personal income. If these gains are
compared with personal saving, the potential impact of the wealth
effect is even more dramatic. The ratio of nominal holding gains to
NIPA personal saving grew from 4V4 in 1991 (compared with a postWorld War 11 high of 8'/2 in 1947) to almost 30 in 1997.1 The ratio of
nominal holding gains to disposable personal income in 1997 is the
highest since 1946, the first year for which this measure is available.
The focus of the NIPA'S is on the incomes and savings generated
by current production rather than on changes in net worth, which
reflect the change in wealth that results from the revaluation of existing assets. This focus on current production is embedded in the
definition of GDP, which is the value of goods and services produced
in the United States. Thus, GDP does not, and should not, include
sales of existing assets, such as stocks or houses, or the capital gains
and losses on those assets, in its measure of current production. Related NIPA measures of income and saving likewise exclude income
from the sale of existing assets and are restricted to income earned
from current production and saving out of current income.
These NIPA concepts and definitions are essential to the NIPA
savings-investment account (see NIPA table 5.1 on page 70), which
details the equality between saving and investment in the economy
and shows the sectoral distribution of savings. This account is useful
in analyzing the sources of external deficits and their relationship
to a shortfall in private saving (or excess of consumption); it is
also useful in other types of analyses, including the interaction between public and private saving, fiscal policy, and the impact of
interest-rate and tax policies on saving and investment behavior. The
saving-investment identity and the marginal propensity to save out
of current income also play a major role in the determination of
equilibrium and multiplier effects in macroeconomic models.
1. The increases in the value of asset holdings may not result in increases in consumer spending in the same period that the value increases, because the increases may
not be realized in that period. Comprehensive data on "realizations" of asset gains are
not available, but it is likely that the gains realized in 1997 reflected value increases in
earlier periods and in 1997.
Personal Saving as a Percentage of Disposable Personal Income
' 1 9 4 6 4 7 4 8 4 9 5051 5 2 5 3 5 4 5 5 5657 585960 6162 63 6465 66 67 6869 70 7172 7374 75 76 7778 7980 81 828384 858687 8 8 8 9 9 0 9192 9394 95 9697
Source: Federal Reserve Board and Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
quarterly patterns similar to those of current-year
income.
For final settlements, back taxes, and refunds,
which are primarily based on tax liabilities for
previous years, the full amount of the annual
changes are now recorded in the first quarter (in
January) of the year, and the monthly and quarterly estimates are held at that level throughout
the rest of the year.
Although monthly Department of the Treasury
collections data on these taxes are available, they
are not used to prepare the current estimates,
because these data are very volatile and do not
have an identifiable seasonal pattern. However,
these monthly data are used by BEA to update the
Budget projections for the current year, usually
when the data for April become available.15
New prices.—In this annual revision, new price
measures are introduced into the estimates for
PCE, fixed investment, exports and imports, and
State and local government.
Many of the detailed PCE categories are deflated
using components of the BLS consumer price index (CPI). For most of these categories, new BLS
geometric-mean-type CPI'S are now used in place
of the fixed-weighted indexes that presently constitute the official CPI. BLS currently publishes
these geometric price indexes as experimental series and plans to incorporate these indexes into
the official CPI when the estimates for January
1999 are released. The categories for which the
geometric-mean price indexes are used as PCE deflators are those that will switch to the use of a
geometric-mean formula in the CPI; thus, fixedweighted CPI'S will continue to be used for some
of the other components, such as tenant- and
owner-occupied rent, household utilities, and
dentists.
The recent revision of the CPI item classification system, which provided more detailed CPI'S
for a number of service categories, led to several
other changes in PCE price deflators. A newly
available CPI for cellular telephone service is used
to deflate the cellular telephone subcomponent of
local telephone service, beginning with January
1998. For the years 1995-97, cellular telephone
service is deflated using a price index developed
by Jerry Hausman of the Massachusetts Institute
of Technology.16 Previously, the CPI for local
telephone service was used.
15. For example, see the "Business Situation " SURVEY 78 (June 1998): 11,
footnote 18.
16. J.A. Hausman, "Cellular Telephone, New Products and the CPI," National Bureau of Economic Research Working Paper No. 5982 (March
1997).
PCE for computers is deflated using a weighted
average of newly available CPI'S for personal computers (PC'S) and peripheral equipment and for
computer software and accessories; previously,
a weighted average of producer price indexes
(PPI'S) for PC'S and portable computers was used.
Online services, a subcomponent of "other recreation," is deflated using a newly available CPI for
computer information processing services; previously, the CPI for "other entertainment services"
was used. Video cassette rental is deflated using a
newly available CPI for rental of video tapes and
disks.
Within "auto rental, leasing, and other," auto
and truck rental and parking fees and tolls are
now separately deflated using newly available
CPI'S for these categories. Auto leasing and truck
leasing are now separately deflated using newly
constructed implicit prices that reflect changes in
the CPI'S for new vehicles and changes in interest
rates on new-car loans by auto finance companies. Previously, all components of this category
were deflated with the CPI for "other automobile
related fees."
Within "other professional (medical) services,"
home health care services and medical laboratories are deflated using newly available PPI'S, and
eye examinations is deflated using the CPI for
eyeglasses and eye care; previously, these services
were deflated using the CPI for "other professional
services." Commercial and vocational schools is
deflated using the CPI for technical and business
school tuition; previously, a BEA composite index
of input prices was used. Employment agency
fees is deflated using a newly available PPI for
"employment agencies, primary services"; previously, it was deflated using the CPI for personal
financial services.
For fixed investment, new prices are introduced
into the estimates for petroleum and gas well
drilling and exploration. For the latest year, for
which no cost data exist, the new price indexes
are used to calculate the current-dollar estimates
from the real estimates, which are obtained by
quantity extrapolation, PPI'S for offshore drilling
of oil and gas wells and oil and gas field services
are used to calculate the offshore component of
petroleum and gas well drilling and exploration,
and PPI'S for onshore drilling and services are
used to calculate the onshore component. Previously, the offshore and onshore components were
not separated, and an input cost index was used.
For computers and peripheral equipment, a
component of PDE, the following changes are introduced: The PPI for ink-jet printers replaces an
August 1998 •
31
August 1998
SURVEY OF CURRENT BUSINESS
annual BEA price index for domestically produced
ink-jet printers, beginning with 1995; the PPI for
impact printers replaces an annual BEA price index for domestically produced impact printers,
beginning with 1997; and the BLS import price
index for PC'S replaces a BEA price index for
imported PC'S, beginning with 1997.
Capitalized engineering services, a component
of many PDE categories, is deflated using the
PPI for engineering services, beginning with
1997. Previously, average weekly earnings for
engineering services was used.
For residential improvements, the major replacements component is deflated by a new BEA
composite price index for home maintenance and
repair, beginning with 1998. The new index is
composed of an unweighted average of the PPI
for materials for construction, the employment
cost index for construction, and the Census Bureau index for new homes sold; previously, the
recently discontinued CPI for maintenance and
repairs was used. The additions and alterations
component is deflated by a weighted average of
the new composite price index for home maintenance and repair and the Census Bureau price
index for single-family houses under construction. Brokers' commissions, another component
of residential structures, is deflated using the PPI
for real estate brokerage, beginning with 1996;
previously, quantity extrapolation was used.
New price indexes are also used to deflate
a number of components of exports and imports, BLS import price indexes replace PPI'S for
imports of ocean liner freight services and for
air freight services, beginning with 1995. The
BLS export price index for air transportation
(freight) services replaces the PPI for scheduled
air cargo transportation (freight), beginning with
1997. The PPI for "trucking services, except local" is incorporated into the deflator for rail
and trucking transportation (freight) services for
both exports and imports, beginning with 1995;
previously, only the PPI for rail transportation
was used. The PPI for pharmaceutical preparations is incorporated into the deflator for the
imports component of the territorial adjustment
for Puerto Rico, beginning with 1995. The PPI
for ink-jet printers replaces the annual BEA price
Data Availability
NIPA estimates beginning with 1929, including the
revised estimates presented in this article, are available on computer diskettes for $40.00 (product number
NDN-0139). To order using MasterCard or Visa, call the
BEA Order Desk at 1-800-704-0415 (outside the United
States, call 202-606-9666). To order by mail, send a
check payable to "Bureau of Economic Analysis BE-53"
to the BEA Order Desk, BE-53, Bureau of Economic
Analysis, Washington, DC 20230.
These estimates are also available through the
Commerce Department's STAT-USA Economic Bulletin
Board and Internet services; for information, call
202-482-1986, or access the STAT-USA Internet site at
< www.stat- usa.gov>.
The major NIPA estimates are also available on BEA'S
Web site at <www.bea.doc.gov>.
index for exported ink-jet printers for 1995 and
1996. Beginning with 1997, imports of personal
computers is deflated using a newly available import price index for personal computers, and
imports of computer printers is deflated using
the import price index for printers. In addition,
beginning with 1997, BLS export price indexes are
used to deflate all five components of exports of
computers.
State and local government consumption expenditures for "other professional services" is
deflated by a price index for "other professional
services," beginning with 1997. The index is composed of an unweighted average of the PPI'S for
advertising agencies; for legal services; for engineering design, analysis, and consulting services;
for architectural design, analysis, and consulting
services; and for accounting, auditing, and bookkeeping services. Previously, the CPI for medical
services was used.
Beginning with 1995, State and local government consumption expenditures for maintenance
and repair services is deflated using the implicit
price deflator for new State and local construction, and maintenance and repair goods is deflated using the PPI for materials for construction.
Previously, two detailed CPI'S for maintenance
and repairs were used.
Appendix A follows. 0
August 1998
SURVEY OF CURRENT BUSINESS
•
Appendix A.—Revisions to the National Income and Product Accounts
[Billions of dollars]
1995
Revised
1997
1996
Revised
Revision
Revision
Revised
Revision
Account 1.—National Income and Product Account
Compensation of employees ...:
Wage and salary accruals
Disbursements
Wage accruals less disbursements
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
4,208.9
3,441.9
3,428.5
13.4
767.0
365.3
401.6
,
.
.
,
.
.
Proprietors' income with inventory valuation and capital consumption adjustments
488.1
4,409.0
3,640.4
3,631.1
-17.9
4,687.2
3,893.6
3,889.8
.3
9.3
8.2
3.7
-5.9
-5.2
768.6
381.7
387.0
-24.7
-4.0
-20.6
793.7
400.7
392.9
-16.4
15.0
12.4
2.5
-31.3
-7.7
-23.7
-.9
527.7
7.4
551.2
6.7
-6.5
-.7
-1.0
-.7
6.8
-1.4
133.7
Rental income of persons with capital consumption adjustment
Corporate profits with inventory valuation and capital consumption adjustments ...
Corporate profits with inventory valuation adjustment
Profits before tax
,
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
.
.9
150.2
3.9
158.2
10.3
672.4
613.0
635.6
211.0
424.6
205.3
219.3
-22.6
59.4
22.4
14.6
13.0
-2.2
15.2
-59.1
74.3
750.4
679.0
680.2
226.1
454.1
261.9
192.3
-1.2
71.4
14.5
817.9
741.2
734.4
246.1
488.3
275.1
213.2
12.9
5.9
4.6
-3.3
8.0
1.7
7.8
4.9
3.6
-2.9
6.5
-42.9
49.5
1.3
9.6
-61.0
76.6
69.0
1.4
6.9
6.9
420.6
-4.5
418.6
-6.5
432.0
-16.7
5,923.7
11.4
6,256.0
1.5
6,646.5
-3.2
32.9
25.8
.7
.8
-.2
33.8
26.4
35.1
27.2
581.2
25.1
-1.6
-3.4
627.2
21.9
-.2
.1
-.2
7.8
-.1
606.4
22.0
.2
.4
-.3
1.6
800.8
657.0
143.8
122.4
21.4
4.0
4.0
0
0
0
832.0
684.3
147.7
125.3
22.4
1.9
1.6
.3
.2
.1
871.8
720.2
151.6
128.3
23.4
7,313.6
14.7
7,706.2
8.6
8,158.7
225.2
2.4
235.5
1.2
265.5
207.6
-9.9
223.1
-9.5
273.5
7,296.1
2.5
7,693.8
-2.1
8,166.7
-26.5
1.7
-32.2
27.7
-55.8
GROSS DOMESTIC PRODUCT
7,269.6
4.2
7,661.6
25.6
8,110.9
Personal consumption expenditures
Durable goods
Nondurable goods
Services
4,953.9
611.0
1,473.6
2,869.2
-3.8
-2.2
-4.2
5,215.7
643.3
1,539.2
3,033.2
8.1
8.8
4.5
5,493.7
673.0
1,600.6
3,220.1
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
1,043.2
1,012.5
727.7
201.3
526.4
284.8
30.7
5.0
4.4
4.7
.7
4.0
-.3
.6
1,131.9
1,099.8
787.9
216.9
571.0
311.8
32.1
15.4
-83.9
819.4
903.3
2.1
1.0
Government consumption expenditures and gross investment
Federal
National defense
Nondefense
State and local
GROSS DOMESTIC PRODUCT
Net interest
.
•
.
National income
Business transfer payments
:
To persons
To the rest of the world
Indirect business tax and nontax liability
,
:
Less: Subsidies less current surplus of government enterprises
Consumption of fixed capital
Private
Government
General government
Government enterprises
7.1
....
Gross national income
Less: Receipts of factor income from the rest of the world
Plus: Payments of factor income to the rest of the world
..;
Gross domestic income
Statistical discrepancy
,
:
,
Net exports of goods and services
Exports
Imports
,
.
2.5
7.3
-5.2
8.0
-42
3.9
3.3
.6
.5
.1
12.5
3.3
-S.5
.8
30.2
31.0
7.9
13.7
8.6
-14.4
9.1
6.5
1.7
4.8
2.6
6.2
1,256.0
1,188.6
860.7
240.2
620.5
327.9
67.4
10.0
3.8
.7
-1.0
-1.2
-91.2
873.8
965.0
3.6
2.9
-.7
-93.4
965.4
1,058.8
7.7
8.3
.7
1,356.4
509.1
344.4
164.7
847.3
.9
-.5
-.2
-.3
1.3
1,405.2
518.4
351.0
167.4
886.8
-1.5
-1.6
-1.8
.1
.1
1,454.6
520.2
346.0
174.3
934.4
1.9
-3.6
-4.3
.8
5.5
7,269.6
4.2
7,661.6
25.6
8,110.9
31.0
13.5
14.5
13.8
34
SURVEY OF CURRENT BUSINESS
• August 1998
Appendix A.—Revisions to the National Income and Product Accounts—Continued
[Billions of dollars]
Revised
1997
1996
1995
Revision
Revised
Revision
Revised
Revision
Account 2.—Personal Income and Outlay Account
890.5
Personal transfer payments to the rest of the world (net)
Personal saving
989.0
0.3
7.4
8.1
-1.6
1.0
5,674.1
5,493.7
161.5
18.9
15.6
7.9
6.7
1.0
158.5
Personal outlays
Personal consumption expenditures
Interest paid by persons
3.6
5,376.2
5,215.7
143.6
16.9
Personal tax and nontax payments
-81.1
121.0
-105.7
6,425.2
Proprietors' income with inventory valuation and capital consumption adjustments
-89.9
3,889.8
12.4
-20.6
392.9
-23.7
527.7
Other labor income
6,784.0
-1.4
387.0
Wage and salary disbursements
-70.0
3,631.1
PERSONAL TAXES, OUTLAYS, AND SAVING
7.4
551.2
6.7
150.2
158.2
10.3
-43.0
-42.9
.1
260.3
275.1
14.8
-61.2
-61.0
.2
719.4
418.6
157.1
143.6
Personal dividend income
Dividends
Less: Dividends received by government
Personal interest income
Net interest
Net interest paid by government
Interest paid by persons
3.9
248.2
261.9
13.7
Rental income of persons with capital consumption adjustment
-16.3
-6.5
-6.3
-1.6
747.3
432.0
153.8
161.5
-21.3
-16.7
-11.3
6.7
1,110.4
27.2
1,083.3
-10.7
.1
1,068.0
26.4
1,041.5
Transfer payments to persons
From business
From government
306.3
Less: Personal contributions for social insurance
6,425.2
PERSONAL INCOME
0
.4
-.5
0
-70.0
326.2
6,784.0
-10.8
2.5
-89.9
Account 3.—Government Receipts and Expenditures Account
Consumption expenditures
1,138.1
-4.0
1,175.5
-6.9
1,219.2
-7.6
Transfer payments
To persons
To the rest of the world (net) ,.
1,001.5
990.1
11.4
0
.1
-.1
1,057.7
1,041.5
16.2
-.6
-.5
-.1
1,096.0
1,083.3
12.7
-11.3
-10.8
156.7
-8.5
157.1
-8.3
153.8
Less: Dividends received by government
12.5
0
13.7
.1
14.8
Subsidies less current surplus of government enterprises
25.1
-.1
22.0
-3.4
21.9
0
0
0
0
0
~
Net interest paid
Less: Wage accruals less disbursements
Current surplus or deficit (-), national income and product accounts
Federal
State and local
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS
Personal tax and nontax payments
Corporate profits tax liability
Indirect business tax and nontax liability
Contributions for social insurance
Employer
Personal
GOVERNMENT RECEIPTS
-62.7
-174.4
111.7
8.7
0
8.6
12.3
-110.3
122.6
17.4
.2
17.3
113.1
-21.1
134.1
2,246.1
-4.1
2,411.0
-1.7
2,589.2
795.0
-.1
890.5
3.6
989.0
211.0
-2.2
226.1
-2.9
246.1
581.2
-1.6
606.4
1.6
627.2
658.9
365.3
293.6
-.2
-.7
.5
688.0
381.7
306.3
-4.0
-4.0
0
727.0
400.7
326.2
2,246.1
-4.1
2,411.0
-1.7
2,589.2
-.5
-11.3
.2
-4.2
0
34.1
7.7
26.3
-.4
.3
-3.3
7.8
-5.1
-7.7
2.5
SURVEY OF CURRENT BUSINESS
August 1998
•
35
Appendix A.—Revisions to the National income and Product Accounts—Continued
[Billions of dollars]
1995
Revised
1997
1996
Revision
Revised
Revision
Revised
Revision
Account 4.—Foreign Transactions Account
Exports of goods and services
819.4
1.0
873.8
Receipts of factor income
225.2
2.4
235.5
Capital grants received by the United States (net)
0
0
0
2.9
965.4
1.2
265.5
0
0
8.3
3.3
0
1,044.6
3.4
1,109.3
4.2
1,230.9
11.6
Imports of goods and services
903.3
-1.2
965.0
-7
1,058.8
.7
Payments of factor income
207.6
-9.9
223.1
-9.5
273.5
34.2
15.7
11.4
7.1
.6
.9
40.4
16.9
16.2
7.3
.6
1.0
-.1
-.3
39.5
18.9
12.7
8.0
.1
1.0
-.5
-.2
RECEIPTS FROM THE REST OF THE WORLD
Transfer payments to the rest of the world (net)
From persons (net)
From government (net)
From business
_ -j
-2
Net foreign investment
-100.6
13.8
-119.2
13.7
-140.9
19.3
PAYMENTS TO THE REST OF THE WORLD
1,044.6
3.4
1,109.3
4.2
1,230.9
11.6
Account 5.—Gross Saving and Investment Account
Gross private domestic investment
Gross government investment
1,043.2
5.0
1,131.9
15.4
1,256.0
13.5
218.3
4.9
229.7
5.4
235.4
9.4
Net foreign investment
-100.6
13.8
-119.2
13.7
-140.9
19.3
GROSS INVESTMENT
1,160.9
23.7
1,242.3
34.4
1,350.5
42.2
179.8
-74.8
158.5
-81.1
121.0
-105.7
13.4
.3
9.3
8.2
3.7
2.5
Undistributed corporate profits with inventory valuation and capital consumption
adjustments
,
256.1
83.7
262.4
60.3
296.7
77.2
Consumption of fixed capital
Private
Government
General government
Government enterprises
800.8
657.0
143.8
122.4
21.4
4.0
4.0
0
0
0
832.0
684.3
147.7
125.3
22.4
1.9
1.6
.3
.2
.1
871.8
720.2
151.6
128.3
23.4
3.9
3.3
.6
.5
Government current surplus or deficit (-), national income and product accounts
-62.7
8.7
12.3
17.4
113.1
0
0
0
Personal saving
Wage accruals less disbursements (private)
Capital grants received by the United States (net)
Statistical discrepancy
GROSS SAVING AND STATISTICAL DISCREPANCY
0
0
-26.5
1.7
-32.2
27.7
-55.8
1,160.9
23.7
1,242.3
34.4
1,350.5
.1
34.1
0
30.2
42.2
SURVEY OF CURRENT BUSINESS
August 1998
National Income and Product Accounts Tables
This section presents revised estimates for 1995 through the first quarter of 1998 and advance estimates
for the second quarter of 1998 for most of the national income and product accounts (NIPA) tables that are
usually published as part of an annual revision of the NIPA'S. (The article that precedes this section describes the
annual revision.) "GDP and Other Major NIPA Series, 1929-97," which includes the revised annual and quarterly
estimates for major aggregates and components, begins on page 147.
Tables 3.15-3.20, 8.26, and 9.1-9.6 are not yet available on the revised basis. Table 8.26 is scheduled to
be published in the September SURVEY, and the remaining tables are scheduled to be published in the October
SURVEY.
The estimates presented here, along with unrevised estimates for earlier periods (for most tables, back to
1929), are available in electronic form from STAT-USA and on diskettes from BEA (see the box "Data Availability"
on page 32).
The tables contain annual, quarterly, and monthly estimates, indicated as follows:
A
Q
QA
MA
Only annual estimates
Only quarterly estimates
Quarterly and annual estimates
Monthly and annual estimates
Table number and title
Table number and title
A
Summary National Income and Product Accounts, 1997
38
1. National Product and Income
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
Gross Domestic Product: QA
Real Gross Domestic Product: QA
Gross Domestic Product by Major Type of Product: QA
Real Gross Domestic Product by Major Type of Product: QA
Relation of Gross Domestic Product, Gross Domestic Purchases, and
Final Sales to Domestic Purchasers: QA
Relation of Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers: QA
Gross Domestic Product by Sector: QA
Real Gross Domestic Product by Sector: QA
Relation of Gross Domestic Product, Gross National Product, Net
National Product, National Income, and Personal Income: QA
Relation of Real Gross Domestic Product, Real Gross National
Product, Real Net National Product: QA
Command-Basis Real Gross National Product: QA
Net Domestic Product by Sector: A
Real Net Domestic Product by Sector: A
Natjonal Income by Type of Income: QA
National Income by Sector, Legal Form of Organization, and Type of
Income: A
Gross Domestic Product of Corporate Business in Current Dollars and
Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars: QA
40
40
41
41
2.4
2.5
2.6
2.7
2.8
2.9
2.10
2.11
Personal Income and Its Disposition: QA
Personal Consumption Expenditures by Major Type of Product: QA
Real Personal Consumption Expenditures by Major Type of Product:
QA
Personal Consumption Expenditures by Type of Expenditure: A
Real Personal Consumption Expenditures by Type of Expenditure: A ...
Personal Consumption Expenditures by Type of Product: A
Real Personal Consumption Expenditures by Type of Product: A
Personal Income by Type of Income: MA
Personal Income arid Its Disposition: MA
Personal Consumption Expenditures by Major Type of Product: MA
Real Personal Consumption Expenditures by Major Type of Product:
MA
3.9
42
42
43
3.10
t43
3.12
3.13
3.14
3.15
44
44
44
44
f45
46
Government Receipts and Current Expenditures: QA
Federal Government Receipts and Current Expenditures: QA
3.16
3.17
|47
3.19
|48
49
49
50
51
52
53
f 54
t55
56
56
3.20
57
57
t Some of the estimates in this table have been revised beginning with 1982 to reflect
the redefinition of dividend payments discussed in the article on the annual revision. The
revised data of these tables for 1982-94 are presented beginning on page 119 of this
issue.
State and Local Government Receipts and Current Expenditures: QA
Personal Tax and Nontax Receipts: A
Indirect Business Tax and Nontax Accruals: A
Contributions for Social Insurance: A
Government Consumption Expenditures and Gross Investment by
Type:QA
,
Real Government Consumption Expenditures and Gross Investment by
Type:QA
Government Consumption Expenditures Gross and Net of Sales by
Type: A
National Defense Consumption Expenditures and Gross Investment:
QA
Real National Defense Consumption Expenditures and Real Gross
Investment: QA
Government Transfer Payments to Persons: A
Subsidies Less Current Surplus of Government Enterprises: A
Social Insurance Funds Receipts and Current Expenditures: A
Government Current Expenditures and Gross Investment by Function:
A
Federal Government Current Expenditures and Gross Investment by
Function: A
State and Local Government Current Expenditures and Gross
Investment by Function: A
Relation of Federal Government Receipts and Current Expenditures
and Gross Investment in the National Income and Product Accounts
to the Unified Budget, Fiscal Years: QA
Relation of State and Local Government Receipts and Current and
Gross Investment in the National Income and Product Accounts to
Bureau of the Census Government Finances Data, Fiscal Years: A
Relation of Commodity Credit Corporation Expenditures in the National
Income and Product Accounts to Commodity Credit Corporation
Outlays in the Unified Budget: A
58
59
59
59
60
61
62
63
64
65
65
65
(*)
(*)
(*)
(*)
(*)
(*)
4. Foreign Transactions
4.1
4.2
4.3
4.4
4.5
* Table not published in this issue. See the introductory text.
3.11
3.18B
3. Government Receipts and Current Expenditures
3.1
3.2
3.8
42
2. Personal Income and Outlays
2.1
2.2
2.3
3.3
3.4
3.5
3.6
3.7
Foreign Transactions in the National Income and Product Accounts:
QA
Real Exports and Imports of Goods and Services and Receipts and
Payments of Factor Income: QA
Exports and Imports of Goods and Services by Type of Product: QA
Real Exports and Imports of Goods and Services by Type of Product:
QA
Relation of Foreign Transactions in the National Income and Product
Accounts (NIPA's) to the Corresponding Items in the Balance of
Payments Accounts (BPA's): A
66
66
67
68
69
SURVEY OF CURRENT BUSINESS
Table number and title
Table number and title
5. Saving and Investment
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
5.10
5.11
5.12
5.13
5.14
5.15
Gross Saving and Investment: QA
Gross and Net Investment by Major Type: A
Real Gross and Net Investment by Major Type: A
Private Fixed Investment by Type: QA
Real Private Fixed Investment by Type: QA
,
Private Purchases of Structures by type: A
Real Private Purchases of Structures by Type: A
Private Purchases of Producers' Durable Equipment: A
Real Private Purchases of Producers' Durable Equipment: A
Change in Business Inventories by Industry Group: QA
Real Change in Business Inventories by Industry Group: QA
Inventories and Domestic Final Sales of Business by Industry Group:
Q
Real Inventories and Real Domestic Final Sales of Business by
Industry Group: Q
Gross Government Fixed Investment by Type: A
Real Gross Government Fixed Investment by Type: A
7.13
f 70
71
71
72
72
73
73
74
74
75
75
76
76
77
77
6. Income, Employment, and Product by Industry
6.1C
6.2C
6.3C
6.4C
6.5C
6.6C
6.7C
6.8C
6.9C
6.10C
6.11C
6.12C
6.13C
6.14C
6.15C
6.16C
6.17C
6.18C
6.19C
6.20C
6.21C
6.22C
National Income Without Capital Consumption Adjustment by Industry
Group: QA
Compensation of Employees by Industry: A
Wage and Salary Accruals by Industry: A
Full-time and Part-time Employees by Industry: A
Full-time Equivalent Employees by Industry: A
*
Wage and Salary Accruals Per Full-time Equivalent Employee by
Industry: A
,
Self-employed Persons by Industry Group: A
Persons Engaged in Production by Industry: A
Hours Worked by Full-time and Part-time Employees by Industry
Group: A
Employer Contributions for Social Insurance by Industry Group: A
Other Labor Income by Industry Group and by Type: A
Nonfarm Proprietors' Income by Industry Group: A
Noncorporate Capital Consumption Allowances by Industry Group: A
Inventory Valuation Adjustment to Nonfarm Income by Legal Form of
Organization and Industry Group: A
Net Interest by Industry Group: A
,
Corporate Profits by Industry Group: QA
Corporate Profits Before Tax by Industry: A
Federal, State, and Local Corporate Profits Tax Liability by Industry:
A
Corporate Profits After Tax by Industry: A
Net Corporate Dividend Payments by Industry: A
Undistributed Corporate Profits by Industry: A
Corporate Capital Consumption Allowances by Industry: A
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
Quantity and Price Indexes for Gross Domestic Product: QA
Quantity and Price Indexes for Gross Domestic Product, Final Sales,
and Purchases: QA
Quantity and Price Indexes for Gross National Product and
Command-basis Gross National Product: QA
Chain-type Quantity and Price Indexes for Personal Consumption
Expenditures by Major Type of Product: QA
Chain-type Quantity and Price Indexes for Personal Consumption
Expenditures by Type of Product: A
Chain-type Quantity and Price Indexes for Private Fixed Investment
by Type: QA
Chain-type Quantity and Price Indexes for Private Purchases of
Structures by Type: A
Chain-type Quantity and Price Indexes for Private Purchases of
Producers' Durable Equipment by Type: A
Chain-type Quantity and Price Indexes for Exports and Imports of
Goods and Services and for Receipts of Payments of Factor
Income: QA
Chain-type Quantity and Price Indexes for Exports and Imports of
Goods and Services by Major Type of Product: QA
Chain-type Quantity and Price Indexes for Government Consumption
Expenditures and Gross Investment by Type: QA
Chain-type Quantity and Price Indexes for National Defense
Consumption Expenditures and Gross Investment by Type: A
7.15
7.16
7.17
7.18
7.19
7.20
8.1
8.2
8.3
81
81
82
8.10
8.11
82
83
83
84
84
84
84
85
86
86
87
|87
f88
88
8.12
8.13
8.14
8.15
8.16
8.17
8.18
8.19
8.20
8.21
8.22
89
91
91
8.23
8.24
92
93
95
8.25
8.26
96
96
8.27
100
102
t Some of the estimates in this table have been revised beginning with 1982 to reflect
the redefinition of dividend payments discussed in the article on the annual revision. The
revised data of these tables for 1982-94 are presented beginning on page 119 of this
x
issue.
103
104
104
105
105
106
106
106
Percent Change from Preceding Period in Selected Series: QA
Contributions to Percent Change in Real Gross Domestic Product: QA
Selected Per Capita Product and Income Series in Current and
Chained Dollars: QA
Auto Output: QA
Real Auto Output: QA
Truck Output: QA
Real Truck Output: QA
Farm Sector Output, Gross Product, and National Income: A
Real Farm Sector Output, Real Gross Product, and Real Net Product:
A
Housing Sector Output, Gross Product, and National Income: A
Real Housing Sector Output, Real Gross Product, and Real Net
Product: A
Consumption of Fixed Capital by Legal Form of Organization: A
Capital Consumption Adjustment by Legal Form of Organization and
Type of Adjustment: A
Business Transfer Payments by Type: A
Supplements to Wages and Salaries by Type: A
Rental Income of Persons by Type: A
Dividends Paid and Received by Sector: A
Interest Paid and Received by Sector and Legal Form of
Organization: A
,
Imputations in the National Income and Product Accounts: A
Relation of Consumption of Fixed Capital in the National Income and
Product Accounts (NIPA's) to Depreciation and Amortization as
Published by the Internal Revenue Service (IRS): A
Relation of Nonfarm Proprietors' Income in the National Income and
Product Accounts (NIPA's) to Corresponding Measures as
Published by the Internal Revenue Service (IRS): A
Relation of Net Farm Income in the National Income and Product
Accounts (NIPA's) to Net Farm Income as Published by the U.S.
Department of Agriculture (USDA): A
Relation of Corporate Profits, Taxes, and Dividends in the National
Income and Product Accounts (NIPA's) to Corresponding Measures
as Published by the Internal Revenue Service (IRS): A
Relation of Monetary Interest Paid and Received in the National
Income and Product Accounts (NIPA's) to Corresponding Measures
as Published by the Internal Revenue Service (IRS): A
Relation of Wages and Salaries in the National Income and Product
Accounts (NIPA's) to Wages and Salaries as Published by the
Bureau of Labor Statistics (BLS): A
Comparison of Personal Income in the National Income and Product
Accounts (NIPA's) With Adjusted Gross Income as Published by
the Internal Revenue Service (IRS): A
Quantity Indexes and Percent Change from Preceding Period in
Selected Series, Fixed 1992 Weights: QA
f 107
109
f 109
110
110
111
111
112
112
112
112
113
113
113
113
114
f 114
114
-f-115
116
116
116
f 117
117
117
(*)(f)
118
9. Seasonally Unadjusted Estimates
97
98
Chain-type Quantity and Price Indexes for Gross Government Fixed
Investment by Type: A
Chain-type Quantity and Price Indexes for Gross Domestic Product by
Sector: QA
Current-dollar Cost and Profit Per Unit of Real Gross Domestic
Product of Nonfinancial Corporate Business: QA
Implicit Price Deflators for Inventories of Business by Industry Group:
Q
Chain-type Quantity Indexes for Gross Domestic Product by Major
Type of Product: QA
Chain-type Quantity Indexes for Auto Output: QA
Chain-type Quantity Indexes for Truck Output: QA
Chain-type Quantity Indexes for Gross and Net Investment by Major
Type: A
Page
8. Supplemental Tables
8.4
8.5
8.6
8.7
8.8
8.9
* Table not published in this issue. See the introductory text.
7.14
78
79
79
80
80
7. Quantity and Price Indexes
7.1
7.2
August
9.1
9.2
9.3
9.4
9.5
9.6
Gross Domestic Product: Q
Personal Consumption Expenditures by Major Type of Product: Q
Federal Government Receipts and Current Expenditures: Q
State and Local Government Receipts and Current Expenditures: Q ...
Foreign Transactions in the National Income and Product Accounts: Q
Corporate Profits With Inventory Valuation Adjustment: Q
(*)
(*)
(*)
(*)
(*)
(*)
SURVEY OF CURRENT BUSINESS
August 1998
Table A.—Summary National Income and Product Accounts, 1997
[Billions of dollars]
Account 1.—National Income and Product Account
Line
Line
4,687.2
3,893.6
3,889.8
3.7
793.7
400.7
392.9
Compensation of employees
Wage and salary accruals
Disbursements (2-7)
Wage accruals less disbursements (3-8 and 5-5) ....
Supplements to wages and salaries
Employer contributions for social insurance (3-16) ....
Other labor income (2-3)
36
37
38
39
Personal consumption expenditures (2-3)
Durable goods
Nonduraole goods
.....
Services
5,493.7
673.0
40
41
42
43
44
45
46
Gross private domestic investment (5-1).
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
1,256.0
1,188.6
860.7
240.2
620.5
327.9
67.4
47
48
49
Net exports of goods and services
Exports (4-1)
Imports (<M)
965.4
1,058.8
246.1
488.3
50
275.1
213.2
51
52
53
54
Government consumption expenditures and gross investment (3-1
and 5-2)
Federal
National defense
Nondefense
State and local
1,454.6
520.2
346.0
174.3
934.4
GROSS DOMESTIC PRODUCT
8,110.9
Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)
9
10
551.2
Rental income of persons with capital consumption adjustment (2-10)
158.2
11
12
13
14
15
16
17
18
Corporate profits with inventory valuation and capital consumption
adjustments
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability (3-13)
Profits after tax
Dividends (2-12)
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
19
Net interest (2-15)
20
National income
21
22
23
24
25
Business transfer payments
To persons (2-19)
To the rest of the world (4-9)
Indirect business tax and nontax liability (3-14)
Less: Subsidies less current surplus of government enterprises (3-7)
26
27
28
29
30
Consumption of fixed capital (5-7)
Private (5-6)
Government (5-9)
General government (5-10)
Government enterprises (5-11)
31
Gross national income
32
Less: Receipts of factor income from the rest of the world (4-2)
265.5
33
Plus: Payments of factor income to the rest of the world (4-5) ..
273.5
34
Gross domestic income
35
Statistical discrepancy (5-14)
1,600.6
3,220.1
817.9
741.2
734.4
6.9
76.6
-93.4
432.0
6,646.5
,
35.1
27.2
8.0
627.2
21.9
871.8
720.2
151.6
128.3
23.4
8,158.7
....
8,166.7
-55.8
8,110.9
GROSS DOMESTIC PRODUCT
Account 2.—Personal Income and Outlay Account
Line
Line
Personal tax and nontax payments (3-12)
Personal outlays
Personal consumption expenditures (1-36)
Interest paid by persons (2-17)
Personal transfer payments to the rest of the world (net) (4-7),
Personal saving (5-4)
PERSONAL TAXES, OUTLAYS, AND SAVING
989.0
5,674.1
5,493.7
161.5
18.9
121.0
6,784.0
7
8
9
3,889.8
Wage and salary disbursements (1-3)
Other labor income (1-7)
392.9
Proprietors' income with inventory valuation and capital consumption
adjustments (1-8)
551.2
10 Rental income of persons with capital consumption adjustment
11 Personal dividend income
12
Dividends (1-15)
13
Less: Dividends received by government (3-6)
14 Personal interest income
15
Net interest (1-19)
16
Net interest paid by government (3-5)
17
Interest paid by persons (2-4)
18 Transfer payments to persons
19
From business (1-22)
20
From government (3-3)
21 Less: Personal contributions for social insurance (3-17)
PERSONAL INCOME
(1-9)
158.2
260.3
275.1
14.8
747.3
432:0
153.8
161.5
1,110.4
27.2
1,083.3
326.2
6,784.0
SURVEY OF CURRENT BUSINESS
August 1998
Table A.—Summary National Income and Product Accounts, 1997—Continued
[Billions of dollars]
Account 3.—Government Receipts and Expenditures Account
Line
Line
Consumption expenditures (1-50)
1,219.2
12
Personal tax and nontax payments (2-1)
Transfer payments
To persons (2-20)
To the rest of the world (net) (4-8)
1,096.0
1,083.3
12.7
13
Corporate profits tax liability (1-13)
246.1
14
Indirect business tax and nontax liability (1-24)
627.2
15
16
17
Contributions for social insurance
Employer (1-6)
Personal (2-21)
727.0
400.7
326.2
Net interest paid (2-16)
153.8
Less: Dividends received by government (2-13)
14.8
Subsidies less current surplus of government enterprises (1-25)
21.9
0
Less: Wage accruals less disbursements (1-4)
10
11
989.0
Current surplus or deficit (-), national income and product accounts
(&-12)
Federal
State and local
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS
113.1
-21.1
134.1
2,589.2
GOVERNMENT RECEIPTS
2,589.2
Account 4.—Foreign Transactions Account
Line
Line
1
Exports of goods and services (1-48)
965.4
4
2
Receipts of factor income (1-32)
265.5
5
Payments of factor income (1-33)
6
7
8
9
Transfer payments to the rest of the world (net)
From persons (net) (2-5)
From government (net) (3-4)
From business (1-23)
3
Capital grants received by the United States (net) (5-13)
0
10
RECEIPTS FROM THE REST OF THE WORLD
Imports of goods and services (1-49)
1,058.8
273.5
39.5
18.9
12.7
8.0
Net foreign investment (5-3)
-140.9
PAYMENTS TO THE REST OF THE WORLD
1,230.9
1,230.9
Account 5.—Gross Saving and Investment Account
Line
Line
Gross private domestic investment (1-40)
Gross government investment (1^50)
Net foreign investment (4-10)
1,256.0
Personal saving (2-6)
121.0
Wage accruals less disbursements (private) (1-4)
235.4
3.7
Undistributed corporate profits with inventory valuation and capital
consumption adjustments
-140.9
7
8
9
10
11
296.7
Consumption of fixed capital (1-26)
Private (1-27)
Government (1-28)
General government (1-29)
Government enterprises (1-30)
871.8
720.2
151.6
128.3
23.4
i
12
Government current surplus or deficit (-), national income and
product accounts (3-9)
13
Capital grants received by the United States (net) (4-3)
14
GROSS INVESTMENT
1,350.5
NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For
example, line 7 of account 1 is shown as "other labor income (2-8)"; the counterentry is shown
in account 2, line 8.
Statistical discrepancy (1-35)
GROSS SAVING AND STATISTICAL DISCREPANCY ..
113.1
0
-55.8
1,350.5
40
• August 1998
SURVEY OF CURRENT BUSINESS
1. National Product and Income.
Table 1.1.—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
I
II
1997
1996
1995
IV
III
I
II
III
I
IV
II
1998
III
IV
I
II
1
6,947.0 7,269.6 7,661.6 8,110.9 7,095.7 7,170.8 7,210.9 7,304.8 7,391.9 7,495.3
2
4,717.0 4,953.9 5,215.7 5,493.7
3
4
5
668.9
673.0
599.3
598.4
681.2
611.0
606.0
616.9
622.8
632.3
647.3
642.5
651.1
659.9
682.2
579.5
643.3
705.1
718.2
1,428.4 1,473.6 1,539.2 1,600.6 1,453.7 1,459.6 1,470.7 1,476.8 1,487.5 1,506.8 1,537.9 1,543.6 1,568.3 1,589.7 1,588.2 1,611.3 1,613.2 1,633.1 1,657.7
2,869.2 3,033.2 3,220.1 2,767.2 2,804.5 2,854.7 2,892.7 2,925.0 2,969.0 3,013.7 3,056.3 3,093.9 3,143.9 3,190.7 3,247.9 3,297.8 3,338.2 3,395.2
2,709.1
Gross private domestic investment
6
1,007.9
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
7
8
12
946.6
660.6
184.5
476.1
286.0
61.2
13
-90.9
-53.9
-91.2
-93.4
-95.6
-94.7
-108.0
-74.5
-58.4
14
15
16
17
18
19
721.2
509.6
2116
812.1
676.8
135.3
819.4
583.8
235.6
903.3
757.6
145.7
965.4
873.8
688.3
618.3
277.1
255.5
965.0 1,058.8
888.3
809.0
170.4
156.0
763.7
544.6
219.0
859.2
721.7
137.5
787.8
563.1
224.7
882.5
740.3
142.2
803.4
574.2
229.3
911.4
766.1
145.3
835.1
593.3
241.7
909.6
762.5
147.1
851.5
604.8
246.7
909.9
761.6
148.2
20
1,313.0
1,356.4
1,405.2
1,454.6
1,328.0
1,344.1
1,357.8
1,362.3
21
5102
349.2
161.0
802.8
509.1
344.4
164.7
847.3
518.4
351.0
167.4
886.8
520.2
346.0
174.3
934.4
508.3
343.6
164.7
819.6
512.3
346.1
166.2
831.8
511.7
348.1
163.6
846.2
511.2
345.5
165.7
851.1
Gross domestic product
Personal consumption expenditures
DurablG goods
Nondurable goods
Services
9
10
11
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
.
.
. . . .
Government consumption expenditures and gross
investment.
Federal
National defense .
Nondefense
State and local
22
23
24
1,043.2
1,131.9
1,256.0
1,012.5 1,099.8 1,188.6
860.7
727.7
787.9
240.2
201.3
216.9
526.4
620.5
571.0
284.8
327.9
311.8
67.4
30.7
32.1
7,629.2 7,703.4 7,818.4 7,955.0 8,063.4
8,170.8 8,254.5 8,384.2 8,431.7
4,820.2 4,862.5 4,931.5 4,986.4 5,035.3 5,108.2 5,199.0 5,242.5 5,313.2 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,771.0
1,075.3
1,118.3
1,167.9
1,166.0
1,206.4
977.0 1,000.0 1,004.3 1,013.5 1,032.1 1,059.1
687.5
713.6
728.1
729.5
739.5
759.0
190.7
197.9
203.0
202.2
201.8
206.5
496.8
515.6
537.2
526.3
526.5
552.6
289.5
286.4
276.2
284.0
292.6
300.1
66.2
59.0
25.3
17.1
16.3
21.5
1,089.7
774.8
211.3
563.5
315.0
28.5
1,118.1
801.1
218.0
583.1
317.0
49.8
1,132.2
816.8
232.1
584.8
315.3
33.8
1,146.7 1,176.4 1,211.1 1,220.1 1,271.1 1,300.3
827.1
850.5
882.3
882.8
938.7
921.3
236.2
234.3
246.4
243.8
243.7
245.0
591.0
616.2
636.4
638.5
676.3
6951
319.5
325.9
328.8
337.4
349.8
361.6
59.7
83.5
54.6
71.9
95.5
46.3
-75.7
-84.0
-115.5
-79.6
856.6
609.9
246.7
932.3
780.2
152.1
863.0
609.5
253.4
957.0
802.7
154.2
861.4
612.6
248.9
976.9
818.3
158.6
1,361.4
1,387.5
1,406.0
1,408.6
1,418.8
1,439.4
1,451.5
1,459.5
1,468.1
1,464.9
1,480.7
501.2
337.9
163.3
860.2
517.1
350.3
166.8
870.4
523.1
355.6
167.4
882.9
519.0
351.3
167.7
889.6
514.6
346.7
167.9
904.2
517.0
341.1
175.9
922.4
522.9
349.1
173.8
928.6
521.0
347.1
173.9
938.5
520.1
346.5
173.6
947.9
5116
331.6
180.0
953.3
520 3
339.2
181.1
960.4
1,043.1
1,058.9
1,029.6
1,030.6
1,053.6
-93.3
1,259.9
1,265.7
-86.8
-94.7
1,292.0
-98.8
1,366.6
-123.7
1,346.6
-166.7
930.2
914.2
961.1
981.7
988.6
973.3
948 6
641.2
661.4
700.2
682.9
708.9
694.5
666.8
278.2
273.0
268.8
279.7
281.5
278.8
281 9
993.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,115.3
834.8
859.1
879.2
902.7
912.4
937.4
920.9
164.4
168.7
159.0
173.6
174.9
176.2
177.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.2.—Real Gross Domestic Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1995
1994
1997
IV
Gross domestic product
Personal consumption expenditures .
Durable goods
Nondurable goods
Services
IV
1998
I
6,610.7 6,761.7 6,994.8 7,269.8 6,688.6 6,717.5 6,724.2 6,779.5 6,825.8 6,882.0 6,983.9 7,020.0 7,093.1 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,491.0
4,486.0 4,605.6 4,752.4 4,913.5 4,534.1 4,555.3 4,593.6 4,623.4 4,650.0 4,692.1 4,746.6 4,768.3 4,802.6 4,853.4 4,872.7 4,947.0 4,981.0 5,055.1 5,126.5
602.4
575.2
653.8
656.3
626.5
629.5
583.5
576.6
679.6
637.5
611.0
595.3
668.6
727.4
710.3
684.8
626.1
589.1
561.2
1,389.9 1,417.6 1,450.9 1,486.3 1,402.5 1,410.4 1,415.9 1,418.5 1,425.6 1,433.5 1,450.4 1,454.7 1,465.1 1,477.9 1,477.1 1,495.7 1,494.3 1,521.2 1,543.1
2,535.5 2,599.6 2,676.7 2,761.5 2,555.9 2,570.4 2,594.8 2,610.3 2,622.9 2,648.5 2,668.4 2,688.1 2,701.7 2,722.1 2,743.6 2,775.4 2,804.8 2,829.3 2,862.9
Gross private domestic investment
975.7
996.1 1,084.1
1,206.4
1,003.0
1,013.5
982.0
983.4 1,005.4
Fixed investment
Nonresidential
Structures ..
Producers' durable equipment
Residential
Change in business inventories
915.5
648.4
172.5
476.8
267.0
60.6
966.0 1,050.6 1,138.0
776.6
710.6
859.4
189.7
180.7
203.2
589.8
531.7
660.9
275.9
256.8
282.8
30.0
27.7
63.2
938.5
672.9
175.0
499.1
265.9
63.6
957.1
698.4
179.5
520.4
259.9
54.3
957.8
710.2
181.7
529.9
249.5
21.7
965.8
711.7
181.5
531.8
255.6
14.7
983.1 1,011.4
744.8
722.3
182.6
179.8
565.0
544.8
268.0
262.1
14.4
20.1
1,043.5 1,067.1 1,080.4 1,096.0 1,127.0 1,159.3 1,169.5 1,224.9 1,260.0
807.0
790.1
764.4
848.2
820.9
931.9
882.2
886.2
957.5
200.6
189.9
185.9
203.1
199.3
202.5
205.2
205.7
200.8
738.8
608.8
604.0
581.6
653.8
621.0
682.6
686.4
769.7
298.5
276.3
279.0
280.2
282.5
278.4
282.3
287.9
307.9
91.4
32.1
47.5
26.1
79.0
56.3
51.0
66.5
44.7
Net exports of goods and services
-104.6
-96.5
-111.2
-136.1
-105.9
-109.5
-114.7
-86.8
-74.8
-95.5
-113.5
712.4
509.8
202.9
817.0
684.1
133.2
792.6
573.7
219.5
889.0
749.7
139.7
629.4
231.8
971.2
824.7
147.3
970.0
726.5
247.0
1,106.1
945.7
161.8
747.3
540.4
207.5
853.2
720.4
133.2
763.9
552.4
212.1
873.4
734.2
139.6
774.0
561.0
213.6
888.7
750.8
138.4
806.3
582.4
224.4
893.1
754.1
139.5
826.1
598.9
227.9
900.9
759.9
141.3
833.6
608.9
225.6
929.1
785.0
144.5
845.5
615.0
231.2
958.9
813.5
146.0
1,252.3
1,254.5
1,268.2
1,285.0
1,255.8
1,256.2 1,259.9
1,257.6
486.6
336.9
149.5
765.7
470.6
323.5
146.9
783.9
465.6
319.1
146.2
802.7
458.0
308.9
148.6
827.1
481.7
329.6
151.7
774.1
478.6
328.3
150.0
777.6
476.2
328.4
147.6
783.7
473.1
323.9
148.8
784.5
454.6
313.3
141.1
790.0
463.5
318.7
144.5
791.0
472.6
325.0
147.3
803.6
467.0
319.8
146.8
804.2
459.5
313.0
146.1
811.8
456.3
305.0
150.7
821.5
460.4
311.7
148.2
824.2
458.9
310.2
148.2
830.1
-.3
.4
-1.5
-7.3
.8
2.1
1.4
-1.9
-.2
-.8
-1.4
-4.2
-5.0
-6.7
-8.9
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense .
Nondefense
State and local
Residual
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines. Percent changes
1,029.3
1,072.8
1,118.1
-140.1
1,116.1
-95.9
1,156.6
-121.5
1,211.3
-131.6
1,215.8
-142.4
1,241.9
-149.0
1,321.8
-198.5
1,309.1
-252.9
929.4
963.6
911.1
849.9
988.1
991.9
998.8
971.3
691.4
719.1
667.4
626.4
740.6
754.9
748.5
724.3
240.7
247.5
244.9
225.3
251.1
248.6
247.8
249.8
990.0 1,007.0 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,224.2
896.8
937.4
841.3
966.7
981.8 1,021.0 1,055.3
859.0
155.3
159.2
149.5
165.2
167.5
149.0
171.3
171.6
1,244.5 1,254.5 1,276.2 1,271.1 1,271.2 1,277.7 1,284.4 1,288.9 1,289.2 1,283.0 1,294.8
456.5
308.7
147.3
832.9
446.1
293.3
151.9
837.1
453.8
300.0
153.0
841.2
-14.2
-6.9
from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change
in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table appear in table 7.1.
August 1998
SURVEY OF CURRENT BUSINESS
•
41
Table 1.3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
1997
1996
1995
1998
I
7,391.9 7,495.3
7,703.4
7,818.4
7,955.0
8,063.4
8,170.8
7,600.6 7,653.6
49.8
28.5
7,784.6
33.8
7,895.2
59.7
7,979.9
83.5
8,116.2 8,182.6 8,288.7 8,385.4
54.6
71.9
95.5
46.3
2,832.3
2,858.1
2,927.7
2,967.0
2,998.9
2,775.9 2,782.5 2,824.3
49.8
33.8
28.5
2,868.0
59.7
2,883.6 2,944.3 2,948.7 3,005.8 3,013.6
83.5
54.6
71.9
95.5
46.3
Gross domestic product
6,947.0
7,269.6
7,661.6
8,110.9
7,095.7
7,170.8
7,210.9
7,304.8
Final sales of domestic product
Change in business inventories
6,885.7
61.2
7,238.9
30.7
7,629.5
32.1
8,043.5
67.4
7,029.6 7,111.8
66.2
59.0
7,185.6
25.3
7,287.7 7,370.4
17.1
21.5
2,581.4 2,675.6
2,812.4
2,978.5
2,643.7
2,678.1
2,718.4
2,754.9
2,804.5
2,618.4 2,661.0
17.1
25.3
2,696.9
21.5
2,738.6
16.3
..
Goods .
2,643.0
2,662.2
2,576.9 2,603.2
66.2
59.0
7,479.1
16.3
7,629.2
8,254.5
3,020.5
8,384.2
3,101.3
8,431.7
3,059.9
2,520.2
61.2
2,644.9
Durable goods
Final sales
Change in business inventories
1,106.1
1,072.5
33.6
1,175.7 1,249.5 1,343.8 1,128.9 1,163.8 1,154.2 1,180.9 1,204.0 1,216.1
1,143.4 1,228.7 1,310.1 1,093.4 1,116.4 1,126.5 1,155.8 1,174.8 1,201.5
29.2
47.5
27.7
14.6
33.6
35.6
25.1
32.4
20.8
Nondurable goods
Final sales
Change in business inventories
1,475.3 1,499.9 1,562.9 1,634.8 1,514.1 1,498.4 1,489.4 1,497.2 1,514.4 1,538.8 1,561.0 1,556.8 1,595.1 1,620.3 1,624.5 1,641.8 1,652.3 1,674.4 1,680.4
1,447.6 1,501.5 1,551.6 1,601.0 1,483.5 1,486.8 1,491.8 1,505.2 1,522.2 1,537.1 1,550.9 1,549.7 1,568.6 1,592.4 1,589.9 1,607.2 1,614.4 1,628.8 1,645.1
30.6
1.7
7.1
27.9
-7.7
26.5
11.5
-2.4
-8.0
10.1
34.6
37.9
11.4
33.8
34.7
45.6
35.3
27.7
-1.6
3,843.9
3,893.5 3,955.6 4,006.7 4,043.8 4,096.7 4,157.3 4,196.1 4,267.7 4,320.2 4,386.9 4,448.0 4,501.2 4,538.4 4,618.8
3,772.3 3,974.9 4,179.5 4,414.1
Final sales
Change in business inventories .....
Services
Structures
2,780.3 2,911.1
32.1
67.4
30.7
669.7
265.9 272.9 277.1
6,681.1 6,996.7 7,384.4
293.7
7,817.2
615.1
718.3
593.2
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
619.1
1,243.5 1,275.5
1,225.1 1,232.8
18.4
42.7
271.1
6,824.7
611.7
620.0
629.7
643.7
667.4
675.0
276.9
6,893.9
268.8
6,942.1
263.8
7,041.0
281.9
7,110.0
257.2
7,238.1
289.2
7,340.0
284.3
7,419.1
1,263.0
1,255.7
7.3
692.6
1,307.4 1,342.5 1,357.0 1,368.2 1,426.9 1,379.5
1,275.5 1,293.6 1,337.1 1,334.3 1,376.9 1,368.4
31.8
48.8
19.9
34.0
49.9
11.1
707.1
277.8 287.9
7,540.6 7,667.0
709.4
723.9
732.7
744.6
753.0
280.7
299.7
306.4
300.3
286.4
7,782.7 7,871.0 7,948.1 8,083.9 8,145.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
.1994
1997
1996
1995
I
Gross domestic product
6,610.7
6,761.7
6,994.8
Final sales of domestic product
Change in business inventories
6,551.2
60.6
6,731.7
27.7
6,961.6 7,203.7
63.2
30.0
7,269.8
6,688.6
63.6
6,717.5
6,724.2
6,779.5 6,825.8
6,882.0
6,983.9
7,020.0
6,803.3
20.1
6,863.6
14.4
6,954.7
26.1
6,970.3 7,057.9
32.1
47.5
6,661.8 6,700.0 6,761.7
14.7
21.7
54.3
7,093.1
7,166.7
7,236.5
7,311.2 7,364.6 7,464.7
7,491.0
7,294.8 7,372.5
91.4
66.5
7,442.5
44.7
7,108.1 7,155.5 7,256.3
56.3
79.0
51.0
-1.1
2.3
3.2
2.9
.2
1.4
2.5
3.1
2.4
4.0
3.1
2.2
3.1
2.3
2.0
3.9
3.3
.8
3.8
2,514.2
2,591.0
2,708.8
2,867.9
2,563.1
2,580.7
2,561.4
2,592.1
2,629.8
2,653.7
2,699.7
2,728.2
2,753.5
2,811.6
2,852.6
2,890.2
2,917.0
3,000.8
2,965.3
Final sales
Change in business inventories .
2,453.9
60.6
2,561.1 2,675.6
30.0
27.7
2,799.7
63.2
2,498.4 2,524.3 2,537.5 2,574.9
14.7
21.7
54.3
63.6
2,607.7
20.1
2,636.1
14.4
2,670.8
26.1
2,677.5
47.5
2,718.2
32.1
2,751.4 2,768.7
79.0
56.3
2,834.0
51.0
2,844.8 2,904.3 2,916.5
91.4
66.5
44.7
Durable goods
Final sales
Change in business inventories .
1,089.7
1,056.7
32.3
1,167.0 1,247.7 1,364.8
1,135.6 1,227.7 1,331.9
, 30.4
31.6
19.5
1,114.1 1,149.6 1,144.4
1,079.4- 1,103.5 1,117.7
44.6
26.0
33.8
1,198.3 1,207.3
1,151.4 1,169.9 1,193.4
13.7
27.6
23.5
1,243.3
1,275.9
1,233.9
40.1
1,264.2
1,257.6
7.0
1,310.3 1,359.4 1,384.8 1,404.8 1,470.3 1,431.1
1,279.2 1,311.2 1,365.8 1,371.4 1,420.4 1,421.2
29.8
18.7
45.8
32.2
10.4
47.3
Nondurable goods
Final sales
Change in business inventories .
1,424.9
1,397.5
1,425.8 1,464.2 1,509.6
1,426.8 1,451.5 1,475.1
1,449.4
1,419.3
1,459.5 1,456.7 1,492.1
1,448.5 1,447.3 1,464.8
1,505.6 1,499.7 1,512.7 1,520.4 1,541.6 1,542.8
1,476.9 1,463.9 1,477.1 1,482.4 1,495.2 1,506.1
Residual .
Goods
Services
Structures .
Residual
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
1,432.4
1,418.2 1,418.7 1,433.8
1,421.5 1,420.7 1,425.2 1,439.8
1,448.7
1,445.3
1,225.7
17.3
28.2
-3.0
10.5
31.5
29.7
9.4
-4.6
-9.1
-7.8
.7
8.8
7.5
25.1
26.4
33.2
32.3
34.2
44.1
34.4
3,542.9
3,615.7
3,701.7
3,798.7
3,567.7
3,580.4
3,611.9
3,633.0
3,637.5
3,660.1
3,698.1
3,706.3
3,742.2
3,752.3
3,784.9
3,816.4
3,841.1
3,854.8
3,905.9
554.9
557.3
588.5
612.5
560.1
558.7
552.2
556.4
561.8
571.6
589.8
590.6
602.2
610.3
607.9
614.6
617.2
625.2
630.0
-1.8
-1.1
-4.6
-11.5
-1.4
.3
-3.0
-2.8
-4.3
-5.7
-5.8
-8.2
-10.4
-13.7
-13.9
-22.3
-17.0
246.0
6,364.4
247.3
6,514.1
246.3
6,748.4
260.8
7,008.8
248.1
6,440.1
253.2 244.3
6,463.7 6,479.6
253.4
6,572.0
230.4
6,651.9
257.0
6,726.6
251.9
6,767.9
246.0
6,847.2
253.8
6,912.8
249.6
265.1
7,046.0
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in business inventories is the difference between gross domestic product and
the sum of final sales of domestic product and of change in business inventories; the residual line following struc-
1,175.5
238.5
6,541.0
274.7
258.3
268.5
7,089.7 7,195.9 7,232.3
tures is the difference between gross domestic product and the sum of the detailed lines of goods, of services,
and of structures.
Percent changes from preceding period for selected items in this table are shown in table 8.1 Chain-type quantity
indexes for the series in this table appear in table 7.17.
SURVEY OF CURRENT BUSINESS
42 • August1998
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Finai Sales to Domestic Purchasers
[Billions of dollars]
Seasonally adjusted at annual.rates
Line
1994
1997
1995
1994
1995
1997
1996
I
I
6,947.0 7,269.6
Gross domestic product
7,661.6
819.4
903.3
873.8
965.0
8,110.9 7,095.7 7,170.8 7,210.9 7,304.8 7,391.9
763.7
859.2
787.8
882.5
7,037.9 7,353.5 7,752.8 8,204.3 7,191.3
66.2
6,976.6 7,322.8 7,720.7 8,136.9 7,125.1
Less: Exports of goods and services
721.2
812.1
Plus: Imports of goods and services
Equals: Gross domestic purchases
61.2
Less: Change in business inventories
Equals: Final sales to domestic purchasers
30.7
32.1
965.4
1,058.8
67.4
803.4
911.4
7,318.9
7,379.3
59.0
25.3
7,293.6
7,362.2
861.4
976.9
863.0
957.0
7,450.3 7,571.0
7,723.2
16.3
28.5
49.8
33.8
7,428.8 7,554.8
7,694.6
7,769.1
7,864.2
17.1
7,206.5
7,629.2 7,703.4 7,818.4 7,955.0
856.6
932.3
835.1
909.6
7,265.5
7,495.3
851.5
909.9
21.5
914.2
993.8
930.2
1,023.5
IV
I
II
8,063.4
8,170.8 8,254.5 8,384.2 8,431.7
961.1
1,047.9
981.7
1,076.4
988.6
1,087.4
973.3
1,097.1
948.6
1,115.3
7,818.9 7,898.0 8,048.2 8,150.2 8,265.5 8,353.3 8,508.0
8,598.3
59.7
83.5
54.6
71.9
46.3
95.5
7,988.5 8,066.7 8,210.9 8,281.4 8,412.5 8,552.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
Gross domestic product
1
Less: Exports of goods and services
Plus: Imports of goods and services
2
3
Equals: Gross domestic purchases
4
Less: Change in business inventories
5
Equals: Final sales to domestic purchasers
6
1995
I
II
1996
III
IV
I
II
1997
IV
III
I
II
1998
III
IV
1
II
6,610.7 6,761.7 6,994.8 7,269.8 6,688.6 6,717.5 6,724.2 6,779.5 6,825.8 6,882.0 6,983.9 7,020.0 7,093.1 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,491.0
712.4
817.0
792.6
889.0
860.0
971.2
970.0
1,106.1
747.3
853.2
763.9
873.4
774.0
888.7
806.3
893.1
826.1
900.9
833.6
929.1
849.9
990.0
845.5
958.9
911.1
1,007.0
929.4
963.6
1,050.9 1,095.2
988.1
998.8
991.9
971.3
1,130.5 1,147.8 1,190.4 1,224.2
6,712.7 6,855.0 7,101.1 7,396.5 6,791.3 6,823.3 6,834.6 6,863.5 6,898.4 6,974.0 7,092.8 7,152.6 7,185.2 7,281.3 7,359.4 7,443.1 7,502.1 7,644.9 7,717.3
60.6
27.7
30.0
63.2
63.6
54.3
21.7
14.7
20.1
14.4
47.5
26.1
32.1
56.3
79.0
51.0
66.5
91.4
44.7
6653 2 6,824.9 7,068.0 7,330.2 6,727.5 6,767.5 6,810.4 6,845.7 6,875.9 6,955.7 7,063.5 7,102.7 7,149.9 7,222.6 7,278.3 7,388.0 7,432.1 7,552.2 7,668.8
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for selected items in this table are shown in table 8.1.
Chain-type quantity indexes for the series in this table appear in table 7.2.
Table 1.7.—Gross Domestic Product by Sector
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
Nonfarm
Nonfarm less housing .
Housing
Farm
Households and institutions .
Private households
Nonprofit institutions
2
Federal
State and local
6,947.0
7,269.6 7,661.6
8,110.9
7,095.7
7,170.8 7,210.9 7,304.8 7,391.9 7,495.3 7,629.2
7,703.4
7,818.4
7,955.0 8,063.4
6,080.6 6,432.9
6,836.5
5,936.3
5,994.7 6,025.7 6,111.6 6,190.4 6,281.3 6,404.7
6,470.0
6,575.7
6,695.4 6,792.9
6,341.3 6,746.3
5,679.2 6,047.2
699.1
629.6 662.1
90.2
91.6
72.3
5,718.1 6,008.3
5,123.6 5,378.8
594.4
83.5
5,858.8 5,923.0
5,250.4 5,304.0
619.0
608.4
71.7
77.5
5,955.8 6,042.4 6,112.1
5,329.2 5,413.8 5,468.2
626.7 628.6 644.0
78.2
69.3
69.9
6,373.6
5,706.3
667.3
96.3
93.7
6,195.0 6,311.0
5,547.7 5,655.2
655.9
647.2
86.3
312.7
331.4
345.0
361.4
320.5
325.4
329.9
333.2
337.0
339.6
343.0
11.0
301.7
11.8
319.5
11.9
333.1
12.0
349.4
11.3
309.2
11.6
313.8
11.8
318.2
11.9
321.3
12.0
325.0
11.9
327.7
11.9
331.1
12.0
334.6
912.9
838.9
850.7
855.2
864.5
874.5
881.5
279.2
604.4
281.3
631.7
272.0
566.9
276.3
574.4
275.1
580.1
275.8
584.2
274.6
590.0
279.2
595.3
279.9
601.6
6,485.5 6,605.0
5,807.7 5,917.0
688.0
677.8
90.4
90.2
346.5
832.7
857.6
275.2
557.5
275.4
582.2
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross nonfarm product equals gross domestic business product less gross farm
product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.7.
1998
I
5,801.6
Gross domestic product .
Business1
General government
1997
1996
1995
351.0
.
12.0
343.4
8,384.2 8,431.7
7,083.1 7,117.6
6,700.6 6,799.7
6,004.4
696.2 702.9
12.0
347.8
6,880.0
6,170.6
709.4
91.2
87.0
6,999.3
6,285.4
713.9
83.8
7,033.6
6,307.0
726.6
84.0
363.5
92.2
355.4
12.0
339.1
8,254.5
6,967.0
8,170.8
366.9
371.1
377.9
12.0
351.5
12.0
355.0
11.8
359.2
12.0
365.9
891.7
279.6
607.3
904.2
910.7
916.3
920.5
930.1
936.2
278.3
613.4
282.9
621.3
282.4
628.3
281.0
635.3
278.8
641.7
282.1
648.0
281.1
655.0
SURVEY OF CURRENT BUSINESS
August 1998
• 43
Table 1.8.—Real Gross Domestic Product by Sector
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1997
1995
1996
1994
1997
IV
6,983.9 7,020.0 7,093.1 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,491.0
6,610.7 6,761.7 6,994.8 7,269.8 6,688.6 6,717.5 6,724.2 6,779.5 6,825.8
Gross domestic product .
5,925.3 5,997.9 6,067.9 6,133.3 6,203.0 6,255.6 6,352.3 6,375.0
5,530.6 5,677.4 5,903.5 6,164.9 5,606.6 5,633.3 5,638.1 5,693.4 5,745.1 5,801.1
Business'
1998
I
5,446.0 5,604.9 5,824.3 6,074.3 5,524.8 5,557.4 5,564.2 5,624.9 5,673.1 5,724.3 5,810.8 5,846.0 5,916.1 5,979.7 6,042.3 6,109.2 6,165.8 6,260.4 6,284.7
5,050.6 5,090.3 5,143.1 5,225.9 5,255.0 5,319.9 5,379.2 5,438.9 5,504.4 5,559.6 5,655.9 5,674.6
4,883.3 5,027.5 5,236.0 5,470.5 4,954.9 4,982.3
585.4
581.5
577.3
596.6
601.0
575.0
574.5
604.0
605.6
582.9
591.4
607.3
606.2
562.7
588.7
604.5
569.8
611.5
577.4
78.2
76.2
73.4
81.3
87.9
75.6
67.9
90.7
93.7
71.3
88.8
91.1
85.0
78.6
90.3
81.9
78.5
89.2
72.0
Nonfarm >
Nonfarm less housing .
Housing
Farm
:...
297.9
301.0
302.7
304.1
305.4
307.0
308.5
310.8
312.7
315.0
317.5
320.2
323.1
325.1
326.7
327.9
10.2
311.3
10.5
290.5
10.7
292.1
10.8
293.3
10.9
294.5
10.8
296.2
10.7
297.9
10.6
300.2
10.5
302.3
10.4
304.7
10.4
307.2
10.3
310.0
10.2
313.0
10.0
315.1
9.8
316.9
9.9
318.1
780.2
781.2
786.2
781.5
782.0
782.5
781.5
774.9
773.8
784.9
783.7
782.3
783.7
785.7
788.1
787.3
789.6
792.0
248.2
532.1
240.7
540.8
235.4
551.3
253.8
527.8
252.0
530.0
251.0
531.5
249.3
532.3
240.3
534.9
240.5
533.5
242.8
542.4
241.3
542.7
238.2
544.5
237.4
546.8
236.3
549.9
235.5
553.2
232.5
555.5
232.4
557.9
231.7
561.0
-.3
Federal
State and local .
321.5
10.5
301.3
782.6
General government 2 .
311.8
10.8
294.0
258.4
524.2
Private households ...
Nonprofit institutions .
304.8
10.4
287.5
Households and institutions .
-1.8
-3.7
-.6
-.2
-1.4
-1.6
-1.7
-2.5
-3.2
-3.6
-4.4
-4.2
-5.5
-5.0
Residual .
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross nonfarm product equals gross domestic business product less gross farm
product.
2. Equals compensation of general government employees plus general government consumption.of fixed capital
as shown in table 3.8.
-.5
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines,
Chain-type quantity indexes for the series in this table appear in table 7.14.
Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
Gross domestic product
III
I
1997
1996
1995
1994
IV
I
1998
III
IV
I
6,947.0 7,269.6 7,661.6 8,110.9 7,095.7 7,170.8 7,210.9 7,304.8 7,391.9 7,495.3 7,629.2 7,703.4 7,818.4 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,431.7
Plus: Receipts of factor income from the rest of the
176.5
225.2
235.5
265.5
194.6
216.9
227.4
224.6
231.6
229.7
229.3
234.7
248.2
253.1
268.3
274.3
266.3
270.3
Less: Payments of factor income to the rest of the
168.3
207.6
223.1
273.5
193.5
198.4
205.0
216.2
210.9
210.0
.215.2
229.5
237.6
255.6
269.4
283.0
285.9
285.1
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
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
Plus: Personal interest income .
Personal dividend income
Government transfer payments to persons .
Business transfer payments to persons
6,955.2 7,287.1 7,674.0 8,102.9 7,096.8 7,189.3 7,233.3 7,313.2 7,412.6 7,515.0 7,643.3 7,708.6 7,829.0 7,952.4 8,062.3 8,162.0 8,234.9 8,369.4
777.5
638.6
647.3
8.7
138.8
118.2
20.6
800.8
657.0
677.1
20.1
143.8
122.4
21.4
832.0
684.3
719.7
35.4
147.7
125.3
22.4
871.8
720.2
760.5
40.4
151.6
128.3
23.4
771.4
631.2
651.5
20.3
140.2
119.5
20.7
783.1
641.2
658.9
17.8
142.0
120.9
21.0
794.4
651.1
671.6
20.5
143.3
122.1
21.2
803.5
659.2
682.3
23.1
144.3
122.8
21.5
822.2
676.4
695.4
19.0
145.7
123.9
21.8
818.6
672.2
704.2
32.0
146.4
124.4
22.0
581.2
32.9
-26.5
25.1
606.4
33.8
-32.2
22.0
627.2
35.1
-55.8
21.9
579.4
31.5
-5.4
27.4
579.1
32.5
3.1
24.6
580.6
32.6
-22.7
24.9
579.6
33.3
-43.0
25.5
585.6
33.4
-43.2
25.2
672.4
817.9
617.7
629.3
653.9
412.3
630.5
13.3
668.1
171.0
930.9
23.7
432.0
418.6
420.6
727.0
688.0
658.9
9.3
3.7
13.4
747.3
719.4
704.9
248.2
260.3
192.8
990.1 1,041.5 1,083.3
27.2
26.4
25.8
430.7
641.2
.3
700.4
183.6
945.4
24.4
426.9
650.5
13.4
702.3
185.0
971.1
25.1
420.2
655.1
13.4
701.5
186.7
985.6
25.7
750.4
846.4
697.3
734.8
37.6
149.2
126.4
22.8
856.1
705.8
743.7
37.9
150.3
127.3
23.0
866.5
714.9
754.3
39.4
151.6
128.3
23.3
877.0
725.2
765.8
40.6
151.8
128.3
23.5
887.6
734.7
778.2
43.5
152.9
129.1
23.7
894.5
741.1
790.5
49.4
153.4
129.4
24.0
901.6
747.9
805.2
57.3
153.7
129.6
24.1
593.9
33.2
-26.3
24.0
599.7
33.7
-20.6
22.8
603.8
33.9
^9.3
20.0
628.3
34.2
-32.6
21.2
617.2
34.5
-43.1
21.3
625.0
35.0
-47.7
21.0
632.0
35.4
-65.1
22.0
634.5
35.6
-67.3
23.4
641.9
35.6
-54.1
23.5
647.8
36.7
23.9
6,119.6 6,226.8 6,303.6 6,373.9 6,509.0 6,604.5 6,704.8 6,767.9 6,875.0
5,590.7 5,923.7 6,256.0 6,646.5 5,747.3 5,816.1 5,873.3 5,965.3
570.5
836.5
688.5
724.9
36.4
148.0
125.5
22.5
6,816.9 6,872.1 6,982.6 7,096.3 7,195.8 7,285.1 7,347.3 7,474.9
6,177.7 6,486.3 6,842.0 7,231.1 6,325.4 6,406.2 6,438.9 6,509.7 6,590.5
568.5
30.5
14.6
26.6
826.4
679.2
714.7
35.6
147.2
125.0
22.2
707.8
735.9
748.3
419.7
419.2
415.2
420.2
684.2
673.4
662.3
667.7
9.3
9.3
13.4
13.4
715.9
713.5
702.6
713.2
243.5
234.4
191.8
207.9
996.9 1,006.7 1,028.4 1,039.1
26.3
26.2
26.1
26.3
755.4
762.0
794.3
815.5
430.4
431.8
417.5
418.1
714.0
722.1
701.3
693.0
3.7
9.3
3.7
9.3
740.1
726.8
745.7
721.5
259.7
259.6
259.9
255.4
1,045.6 1,053.1 1,073.5 1,079.7
27.1
26.7
26.9
26.5
840.9
820.8
829.2
432.4
433.3
440.5
740.9
730.8
755.0
762.8
3.7
3.7
4.0
4.0
753.0
750.5
757.0
762.4
261.3
260.4
262.1
261.6
1,086.7 1,093.1 1,111.2 1,118.7
27.5
27.3
27.8
28.1
Equals: Personal income
5,757.9 6,072.1 6,425.2 6,784.0 5,911.2 5,979.5 6,030.3 6,093.5 6,185.0 6,284.3 6,390.0 6,476.7 6,549.8 6,666.7 6,743.6 6,820.9 6,904.9 7,003.9 7,081.4
Addenda:
Gross domestic income
Gross national income
Net domestic product
6,932.4 7,296.1 7,693.8 8,166.7 7,101.1 7,167.7 7,233.6 7,347.8 7,435.1 7,521.6 7,649.7 7,752.7 7,851.1 7,998.1 8,111.1 8,235.9 8,321.8 8,438.4
6,940.6 7,313.6 7,706.2 8,158.7 7,102.2 7,186.2 7,256.0 7,356.3 7,455.8 7,541.3 7,663.9 7,757.9 7,861.6 7,995.5 8,110.0 8,227.1 8,302.2 8,423.6
6,169.5 6,468.8 6,829.6 7,239.1 6,324.3 6,387.7 6,416.5 6,501.3 6,569.8 6,676.7 6,802.8 6,866.9 6,972.0 7,098.8 7,196.9 7,293.8 7,366.9 7,489.8 7,530.1
44
SURVEY OF CURRENT BUSINESS
• August 1998
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1997
1996
1994
1996
1995
1997
III
IV
I
IV
1998
I
IV
I
6,983.9
7,020.0
7,093.1
7,166.7
7,236.5
7,311.2
168.4
209.9
214.8
238.0
184.2
203.9
212.4
208.9
214.3
211.1
209.9
213.5
224.5
227.8
241.0
245.6
237.6
241.0
160.0
191.9
200.9
240.7
181.4
185.3
190.1
199.1
193.1
190.8
194.6
206.1
212.0
226.1
237.5
248.9
250.5
249.6
6,619.1 6,779.5
7,008.4
7,266.2
6,999.0 7,027.1
7,105.3
7,167.8 7,239.3
7,307.0
7,350.7
7,455.2
753.5
620.4
133.8
113.6
19.6
777.2
642.4
135.5
114.8
20.1
808.8
672.2
137.4
116.1
20.6
735.2
602.9
132.3
113.0
19.3
814.0
676.0
137.7
116.3
20.7
829.3
683.1
138.1
116.6
20.9
841.1
694.4
138.6
116.9
21.0
5,955.8
6,610.7 6,761.7 6,994.8
Gross domestic product
Plus: Receipts of factor income from the rest of the
world.
Less: Payments of factor income to the rest of the
world.
Equals: Gross national product
7,269.8
747.3
615.2
132.2
112.7
19.4
Less: Consumption of fixed capital
Private
Government
General government
Government enterprises
Equals: Net national product
5,871.9 6,025.8
6,596.8 6,786.3
6,605.2 6,804.0
5,863.5 6,008.1
7,024.1
7,037.7
6,217.4
6,691.2 6,735.9 6,746.3
6,230.9 6,457.3
Addenda:
Gross domestic income'
Gross national income 2
Net domestic product
6,717.5 6,724.2 6,779.5 6,825.8
6,788.9 6,846.8 6,902.1
751.4
615.3
133.6
113.5
19.5
757.1
621.4
134.1
113.7
19.6
762.5
635.8
134.5
113.9
19.8
768.2
632.5
134.9
114.3
19.9
5,991.6 5,995.5
6,032.3
6,083.8
6,135.3
6,222.8
7,319.7 6,693.7 6,714.5 6,745.4 6,819.5 6,865.7
7,316.2 6,696.4 6,733.0 6,767.4 6,828.9 6,886.7
6,460.8 5,953.2 5,973.6 5,973.7 6,021.9 6,063.0
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
NOTE.—Except as noted in footnotes 1 and 2, chained (1992) dollar series are calculated as the product of the
chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because
786.4
652.8
136.2
115.3
20.3
792.7
661.2
136.7
115.6
20.4
799.2
668.7
137.2
116.0
20.6
6,247.8 6,317.9 6,373.6
6,437.3
774.3
638.8
135.3
114.6
20.0
743.3
609.2
133.0
113.2
19.4
780.1
645.6
135.7
114.9
20.2
7,364.6 7,464.7
7,491.0
854.4
707.2
139.0
117.2
21.1
6,493.3 6,525.1 6,617.8
6,906.1 7,002.8 7,064.9 7,122.7 7,205.5 7,279.3 7,369.5 7,424.7 7,512.9
6,926.2 7,017.8 7,072.0 7,134.9 7,206.6 7,282.1 7,365.2 7,410.8 7,503.4
6,115.6 6,207.8 6,240.2 6,305.9 6,371.9 6,434.3 6,497.6 6,539.4 6,627.8 6,641.4
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive.
Chain-type quantity indexes for the series in this table appear in table 7.3.
Table 1.11.—Command-Basis Real Gross National Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1997
1996
1995
1994
1994
.
1995
IV
I
II
1997
1996
I
II
III
IV
I
II
III
IV
I
6,846.8
6,902.1
6,999.0
7,027.1
7,105.3
7,167.8
7,239.3
7,307.0
7,350.7
7,455.2
1,157.4
1
6,619.1
6,779.5
7,008.4
7,266.2
6,691.2
6,735.9
6,746.3
Less: Exports of goods and services and receipts of
2
881.1
1,003.4
1,075.2 1,208.2
932.0
968.7
987.6
1,015.9 1,041.2 1,045.2 1,055.7 1,064.0 1,135.8
Plus: Command-basis exports of goods and services
and receipts of factor income'.
3
895.1
1,017.7 1,095.2 1,246.7
942.8
985.2
997.3
1,029.9
1,058.5 1,065.6 1,075.5
Equals: Command-basis gross national product...
4
6,633.2
6,793.8
7,028.3
7,304.7
6,702.1
6,752.3
6,755.9
6,802.9
6,864.1
6,922.4
7,018.7
7,050.8
Addendum:
Terms of trade 2
5
101.6
101.4
101.9
103.2
101.2
101.7
101.0
101.4
101.7
101.9
101.9
102.2
6,788.9
1998
IV
11
1
1,205.2 1,234.2
1,235.8
1,232.8
1,183.3 1,246.0 1,277.2
1,280.2
1,296.5
7,121.4
7,193.7
7,280.1
7,350.1
7,395.1
7,518.9
101.4
102.2
103.4
103.5
103.6
II
105.2
1,087.7 1,151.9
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
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.
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
Percent changes from preceding period for selected items in this table are shown in table 8.1.
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
Chain-type quantity indexes for the series in this table appear in table 7.3.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
Table 1.13.—Real Net Domestic Product by Sector
Table 1.12.—Net Domestic Product by Sector
[Billions of chained (1992) dollars]
[Billions of dollars]
Line
Nonfarm'
Nonfarm less housing ....
Housing
Farm
Households and institutions.,
Private households ...
Nonprofit institutions .
2
General government .
Federal
State and local.
1995
1996
6,169.5
6,468.8
6,829.6
7,239.1
5,402.3
5,726.2
6,093.0
5,082.5
4,605.5
477.0
59.8
5,354.8
4,837.9
516.9
47.5
5,660.4
5,114.5
545.9
65.9
6,029.4
5,453.0
576.4
63.6
312.7
331.4
345.0
361.4
11.0
301.7
11.8
319.5
11.9
333.1
12.0
349.4
Net domestic product .
1994
1995
1996
1997
5,863.5
6,008.1
6,217.4
6,460.8
4,896.0
Nonfarm'
Nonfarm less housing .
Housing
Farm
Households and institutions .
Private households ...
Nonprofit institutions ,
714.5
735.2
758.3
784.7
General government
208.3
506.2
207.4
527.8
211.3
547.0
213.5
571.2
Federal
State and local .
1. Net domestic business product equals net domestic product less net product of households and institutions
and of general government. Net nonfarm product equals net domestic business product less net farm product.
2. Equals compensation of general government employees as shown in table 3.7.
Line
1997
5,142.3
Net domestic product .
1994
Residual .
5,037.4
5,240.8
5,472.0
4,833.8
4,380.6
453.2
62.9
4,987.6
4,510.6
476.9
49.0
5,184.8
4,697.7
487.3
55.2
5,405.0
4,904.9
500.5
66.6
297.9
304.8
311.8
321.5
10.4
287.5
10.8
294.0
10.5
301.3
10.2
311.3
666.7
666.5
670.2
185.5
481.3
178.7
488.1
174.2
496.7
-1.4
-3.6
2
195.1
474.8
-1.0
1. Net domestic business product equals net domestic product less net product of households and institutions
and of general government. Net nonfarm product equals net domestic business product less net farm product.
2. Equals compensation of general government employees as shown in table 3.8.
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
August 1998
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
I
II
1997
1996
1995
III
IV
I
II
III
IV
1
II
1998
III
IV
I
II
1
5,590.7 5,923.7 6,256.0 6,646.5 5,747.3 5,816.1 5,873.3 5,965.3 6,039.8 6,119.6 6,226.8 6,303.6 6,373.9 6,509.0 6,604.5 6,704.8 6,767.9 6,875.0
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
2
3
4
5
6
7
8
4,012.0 4,208.9 4,409.0 4,687.2 4,093.9 4,150.3 4,183.6 4,230.0 4,271.6 4,303.5 4,382.4 4,444.4 4,505.9 4,586.3 4,649.2 4,715.5 4,798.0 4,882.8 4,944.4
3,254.0 3,441.9 3,640.4 3,893.6 3,325.9 3,381.6 3,416.8 3,462.7 3,506.5 3,542.0 3,615.2 3,673.6 3,730.9 3,802.2 3,859.2 3,919.3 3,993.6 4,065.9 4,121.1
657.0
661.6
647.2
640.9
664.2
608.0
624.5
639.1
666.7
617.3
627.8
634.4
642.7
671.4
679.5
602.2
622.7
621.2
685.6
2,651.8 2,819.2 2,999.5 3,229.4 2,717.8 2,764.3 2,795.6 2,838.2 2,878.7 2,907.6 2,976.0 3,030.8 3,083.7 3,145.2 3,197.6 3,252.6 3,322.2 3,386.4 3,435.5
784.1
790.0
775.0
768.6
793.7
768.1
767.2
767.2
796.2
768.8
765.1
761.5
770.9
804.4
816.8
758.0
767.0
766.7
823.3
398.4
402.7
389.0
394.5
381.7
361.7
407.4
414.1
400.7
363.2
367.0
373.5
379.6
384.5
353.0
358.3
369.5
365.3
417.8
389.7
386.4
386.0
391.5
393.6
387.0
392.9
407.1
400.3
409.8
403.6
395.6
387.9
387.5
397.0
402.8
405.0
401.6
405 6
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
. .
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
9
471.6
488.1
527.7
551.2
476.1
478.6
482.4
489.8
501.5
516.1
528.0
533.5
533.1
540.5
549.9
556.5
558.0
564.2
571.1
10
11
36.9
44.8
22.4
30.3
38.9
46.7
35.5
43.0
29.1
37.0
22.8
30.7
20.4
28.3
19.1
27.0
27.4
35.3
34.8
42.7
41.0
48.8
43.2
51.0
36.7
44.4
36.4
44.1
37.8
45.4
36.3
43.8
31.4
38.8
27.4
34.7
264
33.7
12
15
16
-7.9
434.7
415.0
-.6
20.4
-7.9
465.6
442.7
-1.6
24.6
-7.8
488.8
461.6
-.6
27.8
-7.5
515.8
485.3
.6
29.9
-7.9
447.0
424.3
-1.0
23.7
-7.9
455.7
434.9
-2.4
23.3
-7.9
462.0
439.9
-2.5
24.7
-7.9
470.7
447.1
-1.2
24.8
-7.9
474.1
449.0
-.4
25.5
-7.9
481.3
455.4
-.7
26.6
-7.8
487.0
460.5
-1.0
27.6
-7.8
490.3
462.5
-.3
28.2
-7.7
496.4
468.1
-.5
28.8
-7.7
504.1
474.6
.4
29.1
-7.6
512.1
481.5
1.0
29.6
-7.5
520.2
489.8
.4
30.0
-7.4
526.6
495.5
.5
30.6
-7.3
536.8
502.9
2.4
31.5
-7 2
544.6
5120
.1
32.5
National income
Rental income of persons with capital
consumption adjustment.
Rental income of persons
Capital consumption adjustment
13
14
17
124.4
133.7
150.2
158.2
128.9
131.1
133.3
131.9
138.7
145.0
148.4
152.1
155.3
157.5
158.0
158.6
158.8
158.3
161.5
18
19
172.0
-47.6
181.8
^8.0
198.4
-48.1
208.6
-50.4
173.9
-45.0
177.5
-46.4
180.0
-46.7
178.9
-47.1
190.7
-51.9
192.2
-47.3
196.0
-47.5
200.8
-48.6
204.4
-49.1
206.9
^9.4
208.0
-50.0
209.4
-50.8
210.2
-51.4
209.5
-51.2
212.5
-51.0
20
570.5
672.4
750.4
817.9
617.7
629.3
653.9
698.6
707.8
735.9
748.3
755.4
762.0
794.3
815.5
840.9
820.8
829.2
21
519.1
613.0
679.0
741.2
560.3
572.6
595.5
637.4
646.5
667.0
677.1
683.0
688.7
720.5
740.1
763.7
740.7
744.3
22
6356
211.0
424.6
205.3
219.3
-22.6
59.4
680.2
226.1
454.1
261.9
192.3
-1.2
71.4
734.4
246.1
488.3
275.1
213.2
610.5
202.9
407.6
197.1
210.5
-37.9
56.7
629.4
207.6
421.9
199.0
222.8
-33.9
58.3
650.8
219.1
431.6
204.4
227.2
-13.4
61.2
651.8
214.3
437.5
220.7
216.8
-5.3
61.3
669.9
223.9
446.0
247.6
198.4
-2.9
68.9
683.4
228.6
454.8
257.1
197.6
-6.2
71.2
681.9
227.7
454.2
269.1
185.1
685.7
224.2
461.5
273.6
187.9
712.4
238.8
473.6
274.1
199.5
736.4
249.3
487.1
276.4
210.6
1.2
3.0
8.1
4.8
4.3
72.3
73.3
73.8
729.8
241.9
487.8
274.7
213.2
10.3
75.5
758.9
254.2
504.7
275.1
229.5
76.6
583.9
206.2
377.7
195.3
182.4
-23.6
57.4
77.2
80.1
719.1
239.9
479.2
277.3
201.8
25.3
84.9
418.6
432.0
430.7
426.9
420.2
415.2
420.2
419.2
419.7
418.1
417.5
430.4
431.8
433.3
432.4
440.5
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate prof its. with inventory valuation
adjustment.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
28
535.1
186.6
348.5
182.4
166.1
-16.1
51.4
Net interest
29
412.3
420.6
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation
and capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals' Net cash flow
23
24
25
26
27
6.9
30
383.8
461.4
524.3
571.8
411.5
426.4
446.3
479.4
493.5
512.0
519.7
527.7
537.8
555.5
573.6
586.7
571.4
613.8
687.2
714.4
774.1
629.4
648.9
675.1
709.2
715.4
707.6
711.2
713.5
725.4
748.6
772.6
792.3
782.6
804.5
32
201.4
256.1
262.4
296.7
216.2
229.3
247.3
275.0
272.7
264.4
262.6
258.7
264.2
281.4
299.0
311.5
295.0
312.0
33
34
35
412.3
-16.1
629.8
431.1
-22.6
709.8
452.0
-1.2
715.7
477.3
6.9
767.2
413.1
-23.6
653.0
419.6
-37,9
686.8
427.9
-33.9
709.0
434.2
-13.4
722.6
442.7
-5.3
720.8
443.2
-2.9
710.5
448.6
-6.2
717.4
454.9
1.2
712.4
461.2
3.0
722.4
467.2
8.1
740.6
473.7
10.3
762.3
480.8
4.8
787.5
487.7
4.3
778.4
492.5
25.3
779.2
91.6
589.3
31
278.1
497.6
46 • August 1998
SURVEY OF CURRENT BUSINESS
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income
[Billions of dollars]
Une
1996
1995
1994
1997
5,590.7
5,923.7
6,256.0
6,646.5
4,555.3
4,839.6
5,140.3
5,508.4
3,266.0
2,642.0
2,164.8
477.2
497.1
461.8
-16.1
51.4
3.487.2
2,781.4
2,299.8
481.6
582.8
546.1
3,705.7
2,926.5
4,005.7
3,139.8
2,644.4
-1.2
126.9
-22.6
59.4
122.9
71.4
125.
147.1
Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Propnetors' income with inventory valuation and capital consumption adjustments
Farm
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment
Nonfarm
Proprietors'income
Inventory valuation adjustment
Capital consumption adjustment
Net interest
790.4
244.5
213.1
31.5
468.6
36.9
44.8
-7.9
431.7
411.3
-.6
21.0
77.2
822.6
260.3
227.9
32.5
485.4
22.4
30.3
-7.9
463.0
439.2
-1.6
25.4
76.9
876.1
276.3
243.6
32.7
524.8
38.9
46.7
-7.8
485.9
457.9
-.6
28.6
74.9
915.7
295.2
261.5
33.7
548.2
35.5
43.0
-7.5
512.7
481.5
.6
30.7
72.3
Other private business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital consumption adjustments
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption adjustment
Rental income of persons
Capital consumption adjustment
Net interest
.
412.8
441.4
14.8
13.0
1.9
2.7
3.5
-.8
133.7
181.8
-48.0
468.3
494.1
15.4
13.6
1.9
16.4
14.5
National income
Domestic business
Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and capital consumption adjustments
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Z'..Z!..!.-..'.!.!
'.
'.
'.
14.6
12.7
1.9
3.0
3.6
-.7
124.4
172.0
-47.6
270.8
2.9
3.7
-.8
150.2
495.5
718.9
635.4
6.9
.76.6
1.9
3.0
3.9
-.8
158.2
•
•
*
Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income (1-48)
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and capital consumption adjustments (16+29)
Rental income of persons with capital consumption adjustment (32)
Corporate profits with inventory valuation and capital consumption adjustments (7)
Net interest (11+24+35)
,
92.8
92.8
68.0
24.8
331.4
345.0
361.4
331.4
281.2
50.1
345.0
296.0
49.0
361.4
312.1
49.3
735.2
758.3
784.7
714.5
539.2
175.2
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
90.2
90.2
66.2
24.0
714.5
General government
88.4
88.4
64.8
23.6
312.7
263.8
49.0
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
208.6
-50.4
290.1
198.4
-48.1
299.8
312.7
Households and institutions
654.0
583.8
86.2
86.2
63.0
23.2
Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Host of ins world
2,449.1
477.4
735.2
557.9
177.3
758.3
574.7
183.6
784.7
596.2
188.5
316.5
8.2
17.5
12.4
-8.0
-2.5
73.4
-62.7
-2.7
89.5
-69.3
-2.7
96.4
-81.3
99.0
-103.9
5,582.5
4,014.5
471.6
124.4
497.1
475.0
5,906.1
4,211.6
488.1
133.7
582.8
489.9
6,243.6
4,411.8
527.7
150.2
654.0
499.9
6,654.5
4,690.3
551.2
158.2
718.9
535.9
SURVEY OF CURRENT BUSINESS
August 1998
•
47
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
1996
1995
'
1997
I ii I 11 I iv
1
Billions of dollars
4,107.6 4,354.0 4,607.8 4,960.9 4,230.2 4,264.5 4,309.4 4,401.5 4,440.4 4,491.6 4,575.2 4,643.5 4,720.7 4,825.9 4,911.3 5,015.5 5,090.8 5,160.6
Gross domestic product of corporate
business.
413.1
419.6
427.9
434.2
442.7
443.2
448.6
454.9
461.2
467.2
473.7
480.8
487.7
492.5
497.6
3,695.2 3,922.9 4,155.8 4,483.5 3,817.1 3,844.9 3,881.6 3,967.3 3,997.7 4,048.3 4,126.6 4,188.7 4,259.5 4,358.7 4,437.6 4,534.7 4,603.2 4,668.0
445.7
434.7
436.0
434.4
462.7
442.5
471.8
474.5
484.7
435.7
437.4
437.5
440.5
429.2
450.1
477.8
495.0
501.1
412.3
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
431.1
452.0
477.3
3,266.0 3,487.2 3,705.7 4,005.7 3,379.7 3,410.1 3,445.6 3,532.9 3,560.2 3,607.9 3,684.1 3,742.9 3,787.7 3,896.0 3,963.1 4,049.9 4,114.0 4,173.0
2,642.0 2,781.4 2,926.5 3,139.8 2,701.4 2,739.1 2,761.8 2,797.1 2,827.8 2,843.9 2,906.1 2,954.6 3,001.3 3,060.6 3,109.1 3,160.8 3,228.8 3,283.2 3,327.4
2,164.8 2,299.8 2,449.1 2,644.4 2,217.6 2,255.8 2,279.9 2,315.4 2,348.2 2,371.4 2,429.8 2,475.8 2,519.3 2,570.1 2,615.0 2,664.1 2,728.3 2,773.3 2,813.4
481.9
481.7
479.7
476.3
478.8
482.0
483.3
472.5
490.5
494.1
496.7
500.5
495.5
483.9
509.9
477.2
477.4
481.6
514.0
560.7
661.7
544.2
615.1
654.8
656.1
710.2
611.3
643.3
697.9
728.8
497.1
718.9
542.6
738.6
730.6
582.8
654.0
461.8
186.6
275.1
150.6
124.5
-16.1
51.4
126.9
583.8
226.1
357.7
224.8
132.9
-1.2
71.4
125.2
635.4
246.1
389.3
234.7
154.5
6.9
76.6
147.1
397.8
Gross domestic product of financial
corporate business.
546.1
211.0
335.1
174.4
160.7
-22.6
59.4
122.9
433.6
473.4
546.4
3,709.7 3,920.4 4,134.4 4,414.5
Gross domestic product of nonfinancial
corporate business.
360.7
375.6
415.4
508.8
206.2
302.7
160.7
142.0
-23.6
57.4
135.6
413.8
3,816.4
360.0
525.4
202.9
322.5
163.1
159.4
-37.9
56.7
126.8
536.2
207.6
328.6
163.0
165.6
-33.9
58.3
123.2
567.3
219.1
348.2
180.1
168.1
-13.4
61.2
120.7
555.4
214.3
341.1
191.3
149.8
-5.3
61.3
121.0
577.3
223.9
353.4
212.5
140.9
-2.9
68.9
120.7
589.9
228.6
361.3
216.9
144.4
-6.2
71.2
123.2
588.2
227.7
360.6
231.8
128.8
1.2
72.3
126.6
579.8
224.2
355.6
238.0
117.6
3.0
73.3
130.2
616.0
238.8
377.2
235.2
141.9
8.1
73.8
137.5
624.4
241.9
382.4
230.0
152.4
10.3
75.5
143.9
656.6
254.2
402.3
229.7
172.7
4.8
77.2
150.5
644.5
249.3
395.1
244.0
151.2
4.3
80.1
156.4
620.5
239.9
380.6
240.6
140.0
25.3
84.9
159.2
420.4
430.1
445.0
438.7
458.6
468.8
474.6
491.4
518.7
535.6
553.6
577.7
586.4
91.6
3,844.1 3,879.3 3,956.5 4,001.7 4,033.0 4,106.4 4,168.9 4,229.3 4,307.1 4,375.7 4,461.9 4,513.2 4,574.2
365.6
372.6
378.1
385.9
385.8
390.6
395.9
401.3
406.5
412.2
418.4
424.4
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
428.5
432.8
3,349.0 3,544.8 3,741.0 3,999.1 3,456.4 3,478.5 3,506.7 3,578.3 3,615.8 3,647.2 3,715.8 3,773.1 3,828.0 3,900.6 3,963.5 4,043.4 4,088.8 4,145.7
412.7
397.0
419.5
396.0
400.2
405.3
425.6
396.1
409.1
434.5
442.1
445.0
389.0
411.6
436.8
397.1
397.3
450.5
Consumption of fixed capital
455.1
393.4
2,960.1 3,147.5 3,329.4 3,562.3 3,059.2 3,082.4 3,109.7 3,182.3 3,215.6 3,241.9 3,306.7 3,360.4 3,408.5 3,475.0 3,529.0 3,601.4 3,643.8 3,695.2
2,426.7 2,556.0 2,679.7 2,871.2 2,485.2 2,519.5 2,539.5 2,569.6 2,595.3 2,607.1 2,661.8 2,704.3 2,745.7 2,799.1 2,843.4 2,889.8 2,952.6 3,002.3 3,042.7
1,985.4 2,111.4 2,240.7 2,416.6 2,037.4 2,072.7 2,094.4 2,125.2 2,153.3 2,172.0 2,223.7 2,264.2 2,302.9 2,348.4 2,389.7 2,434.3 2,494.2 2,534.5 2,571.1
445.1
440.1
442.8
450.6
446.8
444.4
442.0
435.0
438.1
453.7
441.2
454.6
447.8
455.5
458.4
444.6
439.0
467.8
471.6
466.2
554.9
562.8
575.4
460.0
508.3
515.0
533.0
543.4
586.7
437.1
487.4
594.2
615.2
599.3
548.5
472.0
599.3
392.3
128.8
263.5
158.6
104.9
-16.1
60.8
96.3
441.5
136.7
304.7
179.3
125.4
-22.6
68.5
104.2
473.1
151.5
321.5
217.1
104.4
-1.2
76.7
101.2
505.4
169.8
335.6
229.3
106.3
6.9
81.9
96.9
428.9
141.1
287.8
166.8
121.0
-23.6
66.7
102.1
431.5
134.6
296.9
169.0
127.9
-37.9
66.3
103.0
432.1
132.8
299.2
171.2
128.0
-33.9
68.1
104.0
451.4
139.3
312.0
184.5
127.6
-13.4
70.3
104.5
450.9
140.3
310.7
192.7
118.0
-5.3
69.5
105.3
460.8
146.8
314.0
208.4
105.5
-2.9
75.1
101.9
473.3
151.3
321.9
210.4
111.5
-6.2
76.3
101.6
476.5
152.5
324.0
222.2
101.8
1.2
77.2
101.2
481.8
155.5
326.3
227.3
99.0
3.0
78.0
100.0
488.3
164.4
323.9
227.0
96.8
8.1
79.1
100.6
495.6
166.4
329.2
224.6
104.6
10.3
80.7
99.0
528.0
178.1
349.9
226.1
123.8
4.8
82.5
96.3
509.8
170.1
339.6
239.6
100.1
4.3
85.3
91.9
484.2
159.7
324.5
237.3
87.2
25.3
89.8
93.6
95.9
Billions of chained (1992) dollars
Gross domestic product of nonfinancial
corporate business'.
Consumption of fixed capital
Net domestic product3
2
36
3,586.3 3,745.5 3,914.8 4,154.4 3,664.9 3,682.3 3,710.0 3,776.2 3,813.5 3,826.9 3,891.0 3,944.2 3,997.1 4,054.5 4,117.0 4,198.5 4,247.5 4,309.2
376.4
381.4
355.8
392.2
351.5
359.9
366.6
367.5
371.8
387.0
397.2
402.1
347.6
349.8
358.5
374.3
394.6
409.3
3,236.5 3,387.0 3,540.5 3,759.8 3,317.3 3,330.8 3,354.2 3,416.2 3,446.9 3,459.4 3,519.1 3,567.7 3,615.7 3,667.5 3,724.9 3,801.3 3,845.5 3,899.9
1. Chained-dollar gross domestic product of nonfinancial corporate business equals the current-dollar product deflated by the implicit price deflator for goods and structures in gross domestic product.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of
417.7
the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net domestic product of nonfinancial corporate business is the difference between the gross
product and the consumption of fixed capital.
48
• August 1998
SURVEY OF CURRENT BUSINESS
2. Personal Income and Outlays.
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
1
II
1996
III
IV
I
II
1997
III
IV
I
II
1998
III
IV
I
II
1
Personal income
Wage and salary disbursements
Private industries
:
Goods-producing industries
Manufacturing
Distributive industries
Service industries ....
Government
1995
..
.
5,757.9 6,072.1 6,425.2 6,784.0 5,911.2 5,979.5 6,030.3 6,093.5 6,185.0 6,284.3 6,390.0 6,476.7 6,549.8 6,666.7 6,743.6 6,820.9 6,904.9 7,003.9 7,081.4
2
3
4
5
6
7
8
3,240.7 3,428.5 3,631.1 3,889.8 3,325.6 3,368.2 3,403.5 3,449.4 3,493.2 3,532.7 3,605.8 3,664.2 3,721.6 3,798.5 3,855.5 3,915.5 3,989.9 4,061.9
2,638.5 2,805.8 2,990.2 3,225.7 2,717.5 2,750.9 2,782.2 2,824.8 2,865.3 2,898.2 2,966.7 3,021.5 3,074.4 3,141.5 3,193.9 3,248.9 3,318.4 3,382.4
868.1
904.2
919.4
858.1
880.5
931.9
951.6
965.4
847.2
853.8
875.7
979.4 1,003.7 1,019.0
863.9
909.0
975.0
824.4
650.4
672.2
682.1
644.0
689.4
702.4
712.0
637.1
642.4
654.6
722.3
7413
647.9
674 6
654.6
7504
719.5
6208
817.1
829.8
870.2
778.2
788.2
795.3
803.3
842.9
858.1
879.8
763.6
770.1
886.3
741.4
782.9
904.5
918.9
823.3
1,072.7 1,158.9 1,257.9 1,370.8 1,106.7 1,127.0 1,145.9 1,168.5 1,194.3 1,214.4 1,245.4 1,272.4 1,299.5 1,331.7 1,358.3 1,383.2 1,410.2 1,444.5
634.4
642.7
661.6
621.2
624.5
627.8
639.1
647.2
657.0
664.2
608.0
617.3
666.7
602.2
622.7
671.4
679.5
640.9
4,117.1
3,431.5
1,022.7
7505
931.8
1,477.0
685.6
Other labor income
9
4050
4016
387 0
392.9
409.8
407.1
403.6
400.3
395.6
387.9
387.5
386.4
386.0
389.7
391.5
393.6
397.0
4028
405 6
Proprietors' income with inventory valuation
and capital consumption adjustments.
Farm
Nonfarm
10
471.6
488.1
527.7
551.2
476.1
478.6
482.4
489.8
501.5
516.1
528.0
533.5
533.1
540.5
549.9
556.5
558.0
564.2
571.1
11
12
36.9
434 7
22.4
4656
38.9
4888
35.5
515.8
29.1
447.0
22.8
455.7
20.4
462.0
19.1
470.7
27.4
474.1
34.8
481.3
41.0
487.0
43.2
490.3
36.7
496.4
36.4
504.1
37.8
512.1
36.3
5202
31.4
526 6
27.4
5368
26.4
544 6
Rental income of persons with capital
consumption adjustment.
13
124.4
133.7
150.2
158.2
128.9
131.1
133.3
131.9
138.7
145.0
148.4
152.1
155.3
157.5
158.0
158.6
158.8
158.3
161.5
Personal dividend income
14
171.0
192.8
248.2
260.3
183.6
185.0
186.7
191.8
207.9
234.4
243.5
255.4
259.6
259.7
259.9
260.4
261.3
261.6
262.1
Personal interest income
15
668.1
704.9
719.4
747.3
700.4
702.3
701.5
702.6
713.2
713.5
715.9
721.5
726.8
740.1
745.7
750.5
753.0
757.0
762.4
Transfer payments to persons
Old-age, survivors, disability, and health
16
17
954.7
473.0
1,015.9 1,068.0 1,110.4
565.9
507.8
538.0
969.8
482.4
996.2
497.6
1,072.1 1,079.7
540.6
546.2
1,100.4
559.1
18
19
20
21
22
21.4
208
133.8
332.0
23.3
3088
21.9
21 6
141.3
345.0
21.6
3235
19.9
224
151.4
350.8
19.7
331 1
20.9
20.1
127.6
318.7
24.2
294 5
20.6
20.6
130.2
327.0
23.8
3032
21.1
20.8
133.3
330.5
23.5
307 0
21.7
21.1
135.1
333.7
23.1
3106
22.2
20.6
136.6
337.0
22.7
314.3
22.8
21.5
137.6
343.1
22.3
3208
22.1
21.9
141.1
344.8
21.9
322.9
21.4
21.7
142.3
346.0
21.4
324.6
21.5
21.5
144.4
346.2
20.7
325.5
20.9
22.5
148.9
349.0
20.2
328.8
19.9
22.4
150.7
349.9
19.9
330.0
19.6
22 6
152.2
351.3
19.5
3318
19.3
223
153.8
352.9
19.1
3338
19.6
233
156.8
357.6
18.7
3389
19.4
233
158.4
360.3
181
3421
293.6
306.3
326.2
282.9
288.9
291.9
295.3
298.1
299.8
304.6
308.5
312.4
319.5
323.7
328.2
333.6
340.9
345.0
767.2
795.7
818.3
849.7
893.3
899.4
919.7
955.6
975.8
999.0
23
23.6
202
124.5
313.5
24.3
2893
Less: Personal contributions for social
insurance
24
277.5
Less: Personal tax and nontax payments
25
Equals: Disposable personal income
26
Government unemployment insurance benefits
Veterans benefits
Government employees retirement benefits
Other transfer payments
Family assistance'
Other
Less* Personal outlays
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the
world (net).
739.1
795.0
890.5
989.0
753.0
799.0
1,106.8 1,114.0 1,120.5
563.9
568.3
572.2
1,139.0 1,146.8
581.6
585.3
1,025.5 1,066.8 1,087.2
5,018.9 5,277.0 5,534.7 5,795.1 5,158.2 5,212.3 5,234.7 5,294.5 5,366.8 5,434.6 5,496.7 5,577.3 5,630.1 5,711.2 5,767.9 5,821.8 5,879.4 5,937.1 5,994.2
27
4,842.1
28
29
30
4,717.0 4,953.9 5,215.7 5,493.7 4,820.2 4,862.5 4,931.5 4,986.4 5,035.3 5,108.2 5,199.0 5,242.5 5,313.2 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,771.0
161.5
116.1
130.2
136.3
137.1
140.7
146.1
150.7
155.4
159.0
110.9
127.6
143.6
119.8
124.4
163.5
168.2
168.3
168.0
17.2
14.2
15.7
18.9
14.4
15.6
15.8
16.6
16.6
18.5
18.0
18.2
16.9
15.2
14.8
19.5
19.8
19.2
19.9
5,097.2 5,376.2 5,674.1 4,950.7
4,997.4
31
176.8
179.8
Total, billions of chained (1992) dollars 2
32
4,772.9
4,906.0
5,043.0 5,183.1 4,852.1
Current dollars
Chained (1992) dollars
Population (mid-period millions) .
33
34
35
19,251
18,308
260.7
20,050
18,640
263.2
20,840
18,989
265.6
21,633
19,349
267.9
19,711
18,541
261.7
19,876
18,621
262.2
36
3.5
3.4
2.9
2.1
4.0
4.1
Equals: Personal saving
1,011.2 1,023.0 1,033.1 1,054.6 1,065.5
516.7
511.5
529.6
535.6
505.6
158.5
121.0
207.5
214.9
5,070.6 5,132.1 5,188.8 5,261.1 5,356.2 5,405.2 5,482.5
172.2
5,575.8 5,616.0 5,723.3 5,781.2 5 8640 5 958 9
135.4
164.0
162.4
178.0
173.5
4,883.0 4,876.0
4,909.1
4,956.1
4,992.0
5,018.4 5,072.8 5,089.0 5,130.8 5,167.5 5,198.4 5,235.8 5,287.1 5,324.7
19,915
18,551
262.8
20,091
18,628
263.5
20,316
18,761
264.2
20,533
18,860
264.7
20,722
18,919
265.3
20,976
19,079
265.9
21,127
19,096
266.5
21,391
19,217
267.0
21,558
19,315
267.5
21,709
19,385
268.2
21,871
19,478
2688
22,046
19,632
2693
22,212
19,731
269 9
3.1
3.1
3.3
3.2
2.6
3.1
2.6
2.4
2.6
1.7
1.7
1.2
.6
140.5
147.6
151.9
98.5
98.2
73.0
35.3
Addenda:
Personal saving as a percentage of disposable
personal income.
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
August 1998
•
49
Table 2.2.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1994
1997
IV
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
1
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
I
II
III
IV
I
II
1997
III
IV
I
II
1998
III
IV
I
II
4,717.0 4,953.9 5,215.7 5,493.7 4,820.2 4,862.5 4,931.5 4,986.4 5,035.3 5,108.2 5,199.0 5,242.5 5,313.2 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,771.0
2
579.5
611.0
643.3
673.0
599.3
598.4
606.0
616.9
622.8
632.3
647.3
642.5
651.1
668.9
659.9
681.2
682.2
705.1
718.2
3
4
5
2466
226.2
106.7
255.4
241.2
114.4
2648
256.0
122.5
2695
271.4
132.1
253.7
235.4
110.2
250.3
236.2
111.9
254.4
237.9
113.7
257.9
243.2
115.8
259.1
247.4
116.3
264.9
248.9
118.5
267.7
257.1
122.6
262.8
257.2
122.6
264.0
260.8
126.3
271.3
266.6
131.0
260.7
269.2
130.0
274.5
273.8
132.8
271.6
276.0
134.6
277.0
288.5
139.6
287 6
288.7
141.8
6
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
1996
1995
7
8
9
10
11
12
13
14
15
16
17
18
19
1,428.4 1,473.6 1,539.2 1,600.6 1,453.7 1,459.6 1,470.7 1,476.8 1,487.5 1,506.8 1,537.9 1,543.6 1,568.3 1,589.7 1,588.2 1,611.3 1,613.2 1,633.1 1,657.7
714.5
2478
109.4
10.5
346.2
731.8
2541
115.6
10.9
361.3
755.0
2657
124.5
12.2
381.8
780.9
2780
126.5
11.2
403.9
723.7
253.2
114.3
9.8
352.7
726.1
251.4
116.1
10.1
355.9
730.4
252.9
116.8
11.1
359.5
733.0
255.3
115.2
11.0
362.2
737.6
256.8
114.3
11.3
367.5
743.3
260.1
118.8
12.6
371.9
751.8
267.3
127.5
12.0
379.5
757.5
266.5
123.4
11.8
384.5
767.4
268.8
128.3
12.3
391.5
775.4
274.8
130.7
11.6
397.2
775.8
275.6
123.7
11.5
401.5
785.3
280.9
125.7
11.2
408.1
787.1
280.7
125.9
10.7
408.8
796.9
291.0
116.2
811.7
2962
111.2
9.5
9.8
419.4
428.8
2,709.1 2,869.2 3,033.2 3,220.1 2,767.2 2,804.5 2,854.7 2,892.7 2,925.0 2,969.0 3,013.7 3,056.3 3,093.9 3,143.9 3,190.7 3,247.9 3,297.8 3,338.2 3,395.2
7127
283.7
116.6
167.0
186.2
731.6
794.8
7504
296.9
119.2
177.7
203.1
776.2
842.6
7874
314.5
125.5
189.0
222.3
806.8
902.3
8298
327.3
126.2
201.1
240.3
843.4
979.3
727.2
112.8
173.7
192.6
746.4
814.5
736.9
288.0
113.5
174.5
195.7
762.3
821.6
745.9
295.2
118.9
176.3
200.5
771.4
841.7
754.5
303.0
123.8
179.2
206.2
780.8
848.2
764.5
301.5
120.7
180.8
209.9
790.2
858.9
773.2
308.6
124.5
184.1
213.5
792.6
881.2
792.1
313.9
124.7
189.3
224.5
809.7
916.0
782.1
315.4
126.7
188.8
219.9
803.7
892.5
802.2
320.0
126.1
193.9
231.1
821.3
919.3
812.8
318.3
123.2
195.2
234.4
829.3
949.1
824.0
323.6
125.4
198.1
238.4
837.7
967.1
835.4
847.0
859.1
8723
330.4
337.0
327.6
337 6
129.2
127.0
116.8
123.5
203.4
207.8
210.9
214.1
242.2
246.3
253 5
249.5
848.7
857.9
871.5
883.3
991.3 1,009.5 1,030.5 1,048.5
Table 2.3.—Real Personal Consumption Expenditures by Major Type of Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
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
Residual
1
I
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
4,486.0 4,605.6 4,752.4 4,913.5 4,534.1 4,555.3 4,593.6 4,623.4 4,650.0 4,692.1 4,746.6 4,768.3 4,802.6 4,853.4 4,872.7 4,947.0 4,981.0 5,055.1 5,126.5
2
561.2
589.1
626.1
668.6
576.6
575.2
583.5
595.3
602.4
611.0
629.5
626.5
637.5
656.3
653.8
679.6
684.8
710.3
727.4
3
4
230.0
2294
102.3
230.6
251.2
109.0
235.0
277.5
117.1
239.3
307.7
127.7
232.6
240.3
104.5
227.4
242.6
106.5
229.5
246.6
108.7
232.6
254.1
110.3
232.8
261.4
110.5
235.9
265.0
112.3
237.9
277.7
117.0
232.8
280.0
117.6
233.3
287.2
121.5
239.1
296.2
125.8
230.8
303.7
125.9
244.4
312.7
128.5
242.7
318.1
130.8
247.8
3358
135.1
257.8
3390
138.0
5
6
7
8
9
10
11
12
1,389.9 1,417.6 1,450.9 1,486.3 1,402.5 1,410.4 1,415.9 1,418.5 1,425.6 1,433.5 1,450.4 1,454.7 1,465.1 1,477.9 1,477.1 1,495.7 1,494.3 1,521.2 1,543.1
687.9
247.1
109.8
10.7
334.3
689.5
260.1
114.3
11.2
343.1
692.6
276.1
116.0
11.2
356.7
699.3
288.4
117.9
10.3
373.0
689.5
254.7
110.7
10.2
337.8
689.5
256.4
113.5
10.4
340.9
689.6
258.4
114.2
11.4
342.8
688.9
262.1
114.3
11.3
342.7
690.0
263.5
115.3
11.7
346.0
691.1
268.0
114.7
11.9
348.9
693.4
276.4
116.2
11.1
355.0
691.4
279.8
116.0
11.3
358.2
694.3
280.3
117.0
10.6
364.8
699.4
286.0
116.7
9.8
368.3
697.3
283.3
118.3
10.4
369.9
700.6
291.9
118.4
10.7
377.0
699.9
292.3
118.1
10.1
376.8
706.8
307.4
118.5
9.2
383.5
717.6
312.3
118.1
9.7
389.6
2,535.5 2,599.6 2,676.7 2,761.5 2,555.9 2,570.4 2,594.8 2,610.3 2,622.9 2,648.5 2,668.4 2,688.1 2,701.7 2,722.1 2,743.6 2,775.4 2,804.8 2,829.3 2,862.9
13
14
15
16
17
18
19
674.3
270.5
112.5
158.0
175.2
662.1
754 0
688.6
280.6
114.7
165.8
186.4
675.0
769.8
700.9
291.4
118.0
173.3
200.5
686.6
7986
717.4
301.3
116.0
185.1
212.2
701.7
8305
681.1
272.4
108.9
163.4
180.1
666.0
756.9
684.9
272.8
109.4
163.3
182.8
669.1
761.4
687.0
279.6
114.8
164.8
184.2
673.0
771.7
689.7
286.0
119.1
166.9
187.6
677.2
770.7
692.7
283.8
115.6
168.1
191.0
680.9
775.3
695.7
289.0
118.8
170.2
195.5
679.5
7901
698.6
292.7
119.6
173.0
199.1
685.6
7938
702.6
289.6
116.5
173.0
202.1
687.7
807.3
706.7
294.4
117.2
177.1
205.3
693.5
803.1
711.2
291.1
112.4
178.6
208.6
694.8
817.5
715.1
297.8
116.0
181.6
210.7
698.6
823.0
719.5
305.0
117.2
187.7
213.7
704.2
834 8
723.9
311.1
118.4
192.5
215.9
709.4
846.6
728.7
306.3
110.5
195.6
217.9
714.9
862 9
733.0
315.0
116.8
198.0
222.4
720.5
874 0
20
-1.6
-3.7
-7.7
-13.0
-2.6
-2.8
-3.1
-4.1
-4.8
-5.5
-7.8
^8.0
-9.3
-11.0
-11.9
-14.3
-14.5
-19.5
-20.3
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity
indexes for the series in this table appear in table 7.4.
II
1997
1996
1995
August 1998
SURVEY OF CURRENT BUSINESS
Table 2.4.—Personal Consumption Expenditures by Type of Expenditure
[Billions of dollars]
Line
1994
1995
1996
4,953.9
5,215.7
5,493.7
761.7
780.4
805.2
832.3
Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages' (n.d.)
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)
451.6
254.3
477.0
268.8
8.8
.4
50.2
494.2
277.2
8.1
.5
47.3
461.9
261.0
8.5
.5
48.6
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.).
Other alcoholic beverages (n.d.)
633.6
53.9
649.1
54.8
669.0
57.1
692.4
58.6
27.0
27.9
28.9
30.0
312.7
321.8
338.0
353.3
36.0
211.6
137.5
74.1
.3
36.9
216.8
140.5
76.4
.3
11.6
37.7
15.6
12.2
39.4
16.1
38.5
226.9
146.5
80.4
.3
12.7
41.4
18.2
39.8
237.9
152.9
85.0
.3
13.1
43.1
19.2
68.4
71.8
75.0
79.4
45.3
23.0
47.2
24.6
49.7
25.3
52.6
26.8
712.7
750.4
787.4
829.8
507.0
174.0
5.8
532.4
184.8
559.1
193.2
26.0
5.9
27.3
29.1
590.3
203.2
6.3
30.0
535.0
559.4
592.8
620.7
45.9
25.6
24.0
52.3
27.2
50.8
47.7
27.2
25.2
54.6
28.7
52.3
50.6
28.5
27.0
57.9
30.7
54.6
54.8
29.7
28.6
61.8
32.8
56.5
15.1
163.8
84.2
32.4
36.6
10.5
82.6
11.9
35.8
15.8
168.0
87.9
31.3
37.9
10.9
87.7
12.8
39.3
16.8
176.6
90.3
35.2
38.9
12.2
97.1
12.5
40.4
18.0
178.5
90.2
36.0
41.1
11.2
104.2
13.2
42.7
826.1
875.0
912.4
957.3
81.6
12.9
180.0
43.9
85.5
91.1
14.6
198.2
98.1
Line
1997
4,717.0
Personal consumption expenditures
Food and tobacco
Clothing, accessories, and jewelry
Shoes (n.d.)
Clothing and accessories except shoes 2
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes (s.)
Jewelry and watches (d.)
Other i (s.)
Personal care
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
Housing
Owner-occupied nonfarm dwellings—space rent 4 (s.)
Tenant-occupied nonfarm dwellings—rent5 (s.)
Rental value of farm dwellings (s.)
Other 6 (s.)
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances/ (d.)
China, glassware, tableware, and utensils (d.)
Other durable house furnishings8 (d.)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous household
supplies and paper products (n.d).
Stationery and writing supplies (n.d.)
Household utilities
Electricitv s)
Gas (s.)..:...:
::.:.:
Water and other sanitary services (s.)
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s.)
Other 1 0 (s.)
Medical care
Drug preparations and sundries 11 (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services 12 (s.j
Hospitals and nursing homes 13
Hospitals
Nonprofit (s.)
Proprietary (s.)
Government (s.)
Nursing homes (s.)
Health insurance
Medical care and hospitalization14 (s.)
,
95.7
357.0
298.1
200.2
32.1
65.8
58.9
55.0
42.9
13.3
191.5
47.6
104.9
374.3
310.8
206.4
34.7
69.8
63.5
57.9
45.6
6.1
49.5
111.9
389.8
321.7
212.9
36.6
72.2
68.1
57.4
45.0
9.1
.4
51.4
15.7
205.2
52.6
119.4
408.1
334.3
220.0
40.7
73.5
73.9
58.0
46.1
1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on- and off-premise.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and
furniture and purchases of fuel and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and other group housing.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. 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.
9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also
includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses,
postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified.
13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing
homes, and (2) payments by patients to proprietary and government hospitals and nursing homes.
14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and
dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of nonprofit and self-insured health plans.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation.
17. Consists of (1) operating expenses of life insurance carriers and private noninsured pension plans, and (2)
premiums, less benefits and dividends, of fraternal benefit societies. Excludes expenses allocated by commercial
carriers to accident and health insurance.
Income loss 15 (s.)
Workers' compensation16 (s.)
2.8
9.2
370.4
388.8
416.2
459.1
36.2
31.6
39.1
33.9
46.6
37.3
54.4
41.5
63
151.5
159.1
167.5
190.9
67
72.6
48.8
11.1
18.5
75.7
49.4
12.2
19.4
77.4
53.0
13.3
21.1
80.2
55.9
13.8
22.4
542.2
574.1
611.6
636.4
502.6
91.2
44.1
76.8
34.5
116.4
531.9
86.6
53.0
79.7
36.2
128.7
567.3
85.8
55.8
84.7
38.5
143.6
588.3
86.2
57.3
87.2
38.8
154.9
109.4
2.6
27.5
8.9
5.9
3.0
30.7
.7
1.1
124.5
2.8
31.5
10.0
6.5
3.5
126.5
3.0
34,4
25.8
3.2
115.6
2.8
29.4
9.1
6.0
3.2
33.0
.8
1.1
27.9
3.3
34.3
.8
1.1
28.5
3.9
37.7
.8
1.2
31.5
4.1
370.2
404.2
432.3
462.9
20.6
24.5
39.7
35.6
22.4
25.7
42.3
39.3
24.2
27.6
45.1
42.3
25.2
29.1
47.8
48.1
78.5
86.4
92.0
96.5
4.5
13.4
19.0
5.6
8.2
4.9
13.8
20.1
5.8
8.7
5.0
14.8
21.9
6.2
9.3
5.4
15.9
23.3
6.6
10.0
5.2
11.8
36.2
3.3
83.1
5.5
12.7
41.3
6.4
13.0
44.7
3.3
92.1
3.4
98.3
6.7
13.8
49.1
3.5
105.1
104.7
112.0
119.7
129.4
59.0
21.4
24.4
62.4
22.9
26.7
65.7
23.5
30.4
25.7
34.1
Recreation
Higher education 25 (s.)
Nursery, elementary, and secondary schools26 (s.)
Others.)
•
•
Religious and welfare activities 2 8 (s.)
Foreign travel and other, net
Foreign travel by U.S. residents 29 (s.)
Expenditures abroad by U.S. residents (n.d.)
Less: Expenditures in the United States by nonresidents 30 (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
1997
2.6
9.8
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and leasing
(s.).
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.j
Insurance19 (s.)
Purchased local transportation
Mass transit systems (s.j
Taxicab(s.)
Purchased intercity transportation
Railway (s.)
Bus (s.)
Airline (s.)
Other 26 (s.)
Education and research
1996
2.3
10.0
Transportation
Books and maps (d.)
Magazines, newspapers, and sheet music (n.d.)
Nondurable toys and sport supplies (n.d.)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (d.).
Video and audio products, computing equipment, and musical
instruments (d.).
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of nonprofit
institutions (except athletics) (s.).
Spectator sports 21 (s.)
Clubs and fraternal organizations22 is.)
Commercial participant amusements23 (s.)
Pari-mutuel net receipts (s.)
Other 24 (s.)
1995
2.7
9.4
Personal business
Brokerage charges and investment counseling (s.)
Bank service charges, trust services, and safe deposit box rental
(s.).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured pension
plans (s.).
Expense of handling life insurance 17 (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
1994
87
10.4
6.8
3.6
131.2
138.6
151.1
157.6
-18.3
-22.7
-26.1
-24.4
50.1
2.7
51.2
2.7
75.2
1.4
54.7
2.5
82.0
1.3
86.0
1.3
69.7
1.4
59.9
3.0
18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation
services, and other personal business services.
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21. Consists of admissions to professional and amateur athletic events and to racetracks.
22. Consists of dues and fees excluding insurance premiums.
23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other
commercial participant amusements.
24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable
TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational
services, not elsewhere classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and
less expenditures for research and development financed under contracts or grants. For government institutions,
equals student payments of tuition.
26. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in
religious and welfare activities.
27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational
services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research
organizations and foundations for education and research.
28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations, t h e expenditures are
net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education
and research. For proprietary and government institutions, equals receipts from users.
29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in
1981.
30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981.
NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
August 1998 •
SURVEY OF CURRENT BUSINESS
51
Table 2.5.—Real Personal Consumption Expenditures by Type of Expenditure
[Billions of chained (1992) dollars]
Line
1994
1995
1996
1997
4,486.0 4,605.6 4,752.4 4,913.5
Personal consumption expenditures
735.0
736.8
740.0
745.7
Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages' (n.d.)
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)
434.5
245.1
7.8
.5
47.2
434.9
246.1
8.0
.4
47.4
436.6
247.4
8.1
.4
47.5
442.3
248.4
8.2
.4
46.4
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.).
Other alcoholic beverages (n.d.)
608.7
53.7
609.4
54.4
611.4
55.4
617.5
56.1
Food and tobacco
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
25.9
361.8
35.7
211.2
137.0
74.1
.3
11.0
35.6
14.7
37.2
222.7
145.4
77.2
.3
11.4
37.7
15.0
39.0
236.9
155.7
81.2
.3
11.7
41.2
16.7
40.4
247.7
162.5
85.3
.3
11.7
44.5
17.2
68.1
70.1
73.0
45.3
22.8
47.4
22.7
49.8
23.3
700.9
717.4
479.6
165.2
5.2
24.3
487.4
171.4
5.2
24.7
496.0
174.7
5.1
25.2
508.9
178.7
5.0
24.9
514.5
533.0
555.6
578.4
43.2
25.0
23.5
51.4
25.7
50.2
44.3
26.7
25.2
53.7
26.8
50.3
46.4
27.9
27.3
56.8
28.7
51.2
50.4
29.3
29.1
60.4
30.6
52.5
14.4
156.3
82.6
30.0
33.0
10.7
79.6
11.2
34.2
14.4
159.0
84.3
30.5
33.1
11.2
85.5
11.7
35.8
14.7
161.9
85.1
32.9
32.8
11.2
94.7
11.0
35.5
15.0
160.1
84.6
31.5
33.8
10.3
105.0
11.2
36.4
751.0
766.9
782.6
803.6
76.7
12.3
162.4
39.8
89.2
331.5
276.9
187.8
29.2
59.9
54.6
40.0
36.6
2.4
79.6
12.3
166.2
41.1
95.9
336.9
280.4
188.5
30.5
61.4
56.4
37.1
34.8
2.5
83.0
13.3
170.8
40.8
100.5
341.1
283.3
189.7
31.4
62.0
57.9
36.2
34.0
2.7
88.2
14.1
174.5
41.5
103.3
350.2
289.6
192.2
34.6
62.6
60.5
35.8
33.6
2.9
674.3
Housing
Owner-occupied nonfarm dwellings—space rent 4 (s.)
Tenant-occupied nonfarm dwellings—rent5 (s.)
Rental value of farm dwellings (s.)
OtherMs.)
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances/(d.)
China, glassware, tableware, and utensils (d.)
Other durable house furnishings8 (d.)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous household
supplies and paper products (n.d).
Stationery and writing supplies (n.d.)
Household utilities
Electricity (s.)
Gas (s.)
Water and other sanitary services (s.)
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s)
Other 10 (s.)
Medical care
Drug preparations and sundries11 (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services12 (s.)
Hospitals and nursing homes 13
Hospitals
Nonprofit (s.)
Proprietary (s.)
Government (s.)
Nursing homes (s.)
Health insurance
Medical care and hospitalization14 (s.)
Income loss 15 (s.)
25.8
345.7
43.7
21.8
Personal care
25.7
324.2
65.5
Shoes (n.d.)
Clothing and accessories except shoes 2
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes (s.)
Jewelry and watches (d.)
Others.)
•
25.6
308.5
Clothing, accessories, and jewelry
1
1
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Line
Workers' compensation16 (s.)
Personal business
Brokerage charges and investment counseling (s.)
Bank service charges, trust services, and safe deposit box rental
(s.).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured pension
plans (s.).
Expense of handling life insurance17 (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
Transportation
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and leasing
(s.).
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance19 (s.)
Purchased local transportation
Mass transit systems (s.)
Taxicab(s.)
Purchased intercity transportation
Railwav (s)
Bus(s!i ..i...i::i:i;iiz:z;:iii:i;;iiiziii;:i;iiizi in.:;:;;
Airline fs)
Other 20 (s.) '.
Recreation
Books and maps (d.)
Magazines, newspapers, and sheet music (n.d.)
Nondurable toys and sport supplies (n.d.)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (d.).
Video and audio products, computing equipment, and musical
instruments (d.).
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of nonprofit
institutions (except athletics) (s.).
Spectator sports 21 (s.)
Clubs and fraternal organizations22 (s.)
Commercial participant amusements23 (s.)
Pari-mutuel net receipts (s.)
Other 24 (s.)
Education and research
Higher education25 (s.)
Nursery, elementary, and secondary schools26 (s.)
Religious and welfare activities28 (s.)
Foreign travel and other, net
Foreign travel by U.S. residents29 (s.)
Expenditures abroad by U.S. residents (n.d.)
Less: Expenditures in the United States by nonresidents30 (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
Residual
1994
59
60
61
62
23
.
18
.
17
.
16
.
352.1 354.3 364.6 377.2
37.8
42.1
61.2
51.1
27.5
27.9
29.0
30.8
63
146.5
144.2
145.3
148.1
64
65
66
67
68
69
70
7
1
72
73
74
68.1
45.3
10.1
17.1
515.3
476.6
86.2
37.5
71.4
35.1
108.5
68.8
44.4
10.5
17.3
531.5
491.1
80.2
41.4
72.0
36.7
117.5
66.2
46.1
10.9
18.3
551.7
509.0
78.2
42.4
75.0
39.1
128.6
65.2
46.7
10.7
18.9
569.7
525.3
78.5
44.1
76.5
39.7
137.0
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
109.8 114.3 116.0 117.9
24
.
25
.
25
.
25
.
25.6
26.0
26.7
28.3
86
.
85
.
84
.
86
.
57
.
55
.
55
.
57
.
29
.
30
.
30
.
30
.
30.1
31.9
34.4
35.9
.
7
.
7
.
7
.
7
11
.
12
.
12
.
12
.
25.5
27.2
29.2
30.4
28
.
28
.
33
.
34
.
365.2 399.1 429.9 466.9
19.6
21.0
21.8
22.5
22.9
23.1
23.9
25.0
38.9
41.9
44.5
47.6
34.8
38.0
40.9
46.8
91
87.4
92
93
94
95
96
42
.
13.4
17.8
52
.
77
.
97
98
99
100
11
0
102
103
104
105
106
107
108
109
110
11
1
112
1995
103.6
44
.
13.3
18.2
53
.
79
.
1996
1997
123.8
146.8
44
.
14.8
18.9
53
.
80
.
46
.
16.5
19.6
56
.
84
.
49
.
50
.
56
.
56
.
11.2
11.5
12.1
11.6
34.1
37.9
40.0
42.9
31
.
30
.
29
.
29
.
79.1
85.9
88.6
91.4
96.8
98.7 102.0 106.8
53.1
53.7
54.0
54.8
20.4
20.7
20.9
22.4
23.4
24.4
27.3
30.0
125.6 127.8 137.0 140.4
-16.2 -20.1 -21.4 -17.7
48.8
48.3
50.5
54.5
28
.
24
.
23
.
31
.
66.4
69.6
73.0
74.1
13
.
13
.
12
.
12
.
-5.7
-20.7
-33.5
The residual line is the difference between the first line and the sum of the most detailed lines. See notes and
footnotes to table 2.4.
52
• August 1998
SURVEY OF CURRENT BUSINESS
Table 2.6.—Personal Consumption Expenditures by Type of Product
[Billions of dollars]
Line
1996
5,215.7
5,493.7
579.5
611.0
643.3
673.0
Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)
246.6
91.2
44.1
76.8
34.5
255.4
86.6
53.0
79.7
36.2
264.8
85.8
55.8
84.7
38.5
269.5
86.2
57.3
87.2
38.8
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio products, computing equipment, and musical
instruments (91).
Other durable house furnishings (32)
226.2
45.9
25.6
24.0
78.5
241.2
47.7
27.2
25.2
86.4
256.0
50.6
28.5
27.0
92.0
271.4
54.8
29.7
28.6
96.5
52.3
54.6
57.9
61.8
Other
Ophthalmic products arid orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
106.7
12.9
35.6
114.4
13.3
39.3
122.5
14.6
42.3
132.1
15.7
48.1
37.7
20.6
39.4
22.4
41.4
24.2
43.1
25.2
1,428.4
1,473.6
714.5
451.6
254.3
8.5
731.8
461.9
261.0
8.9
633.6
53.9
649.1
54.8
Durable goods
Nondurable goods
Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).
Addenda: Food excluding alcoholic beverages(8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
1994
1995
1994
1995
1996
1997
507.0
174.0
5.8
26.0
532.4
184.8
559.1
5.9
27.3
193.2
6.1
29.1
590.3
203.2
6.3
30.0
Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
283.7
84.2
32.4
36.6
82.6
11.9
35.8
296.9
87.9
31.3
37.9
87.7
12.8
39.3
314.5
90.3
35.2
38.9
97.1
12.5
40.4
327.3
90.2
36.0
41.1
104.2
13.2
42.7
Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab(80)
Purchased intercity transportation
186.2
146.6
116.4
203.1
160.9
128.7
222.3
178.0
143.6
240.3
192.2
154.9
30.2
8.9
5.9
3.0
32.2
9.1
6.0
3.2
33.0
.8
1.1
34.3
10.0
6.5
3.5
34.3
.8
1.1
28.5
Line
1997
4,717.0 4,953.9
Personal consumption expenditures
1,539.2 1,600.6
9.2
780.9
494.2
277.2
9.5
57.1
692.4
58.6
755.0
477.0
268.8
27.0
27.9
28.9
30.0
Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes
(14).
Men's and boys' clothing and accessories except shoes (15+16)
247.8
36.0
137.5
254.1
36.9
140.5
265.7
38.5
146.5
278.0
39.8
152.9
74.4
76.7
80.7
85.3
Gasoline and oil (75)
109.4
115.6
124.5
126.5
Fuel oil and coal (40)
10.5
10.9
12.2
11.2
346.2
361.3
381.8
403.9
47.3
45.3
27.2
50.8
48.6
47.2
28.7
52.3
50.2
49.7
30.7
54.6
51.4
52.6
32.8
56.5
81.6
39.7
15.1
1.4
24.5
13.4
85.5
42.3
15.8
1.3
25.7
13.8
91.1
45.1
16.8
1.2
27.6
14.8
98.1
47.8
18.0
1.7
29.1
15.9
2,709.1
2,869.2
712.7
750.4
Other
Tobacco products (7)
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
Net foreign remittances (109 less 111)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (93)
Services
Housing
NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4.
3,033.2 3,220.1
787.4
829.8
Owner-occupied nonfarm dwellings—space rent (24)
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
3.9
806.8
198.2
49.5
11.1.9
389.8
57.4
843.4
205.2
52.6
119.4
408.1
58.0
388.8
39.1
33.9
902.3
56.2
12.7
25.3
18.2
416.2
46.6
37.3
979.3
59.1
13.1
26.8
19.2
459.1
54.4
41.5
151.5
159.1
167.5
190.9
72.6
48.8
11.1
18.5
157.9
19.0
138.9
104.7
59.0
21.4
24.4
131.2
-19.6
50.1
69.7
75.7
49.4
12.2
19.4
174.3
20.1
154.2
112.0
62.4
22.9
26.7
138.6
-24.0
51.2
75.2
77.4
53.0
13.3
21.1
186.3
21.9
164.4
119.7
65.7
23.5
30.4
151.1
-27.3
54.7
82.0
80.2
55.9
13.8
22.4
200.2
23.3
176.9
129.4
69.6
25.7
34.1
157.6
-26.1
59.9
86.0
30.7
.7
1.1
25.8
3.2
Railway (82)
Bus (83)
Airline (84)
Other (85)
37.4
10.4
6.8
3.6
37.7
.8
1.2
31.5
4.1
'
27.9
3.3
Medical care
Physicians (47)
Dentists (48)
'.
"I..!!"....!"..."."..!!!.".."
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)
731.6
180.0
43.9
95.7
357.0
55.0
776.2
191.5
47.6
104.9
374.3
Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured
pension pi.
Expense of handling life insurance (64)
Legal services (65)
Funeral and burial expenses (66)
Other (67)
Recreation
Admissions to specified spectator amusements (94)
Other(92+98+99+100+101)
Education and research
Higher education (103)
Nursery, elementary, and secondary schools (104)
Other (105)
;.
Religious and welfare activities (106)
Net foreign travel
Foreign travel by U.S. residents (108)
Less: Expenditures in the United States by nonresidents (110)
794.8
50.2
11.6
23.0
15.6
842.6
52.9
12.2
24.6
16.1
370.4
36.2
31.6
87
57.9
SURVEY OF CURRENT BUSINESS
August 1998
•
53
Table 2.7.—Real Personal Consumption Expenditures by Type of Product
[Billions of chained (1992) dollars]
1994
1995
1996
1997
1
4,486.0
4,605.6
4,752.4
4,913.5
2
561.2
589.1
626.1
668.6
Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)
3
4
5
6
7
230.0
86.2
37.5
71.4
35.1
230.6
80.2
41.4
72.0
36.7
235.0
78.2
42.4
75.0
39.1
239.3
78.5
44.1
76.5
39.7
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio products, computing equipment, and musical
instruments (91).
Other durable house furnishings (32)
8
9
10
11
12
229.4
43.2
25.0
23.5
87.4
251.2
44.3
26.7
25.2
103.6
277.5
46.4
27.9
27.3
123.8
307.7
50.4
29.3
29.1
146.8
13
51.4
53.7
56.8
60.4
Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
14
15
16
102.3
12.3
34.8
109.0
12.3
38.0
117.1
13.3
40.9
127.7
14.1
46.8
17
18
35.6
19.6
37.7
21.0
41.2
21.8
44.5
22.5
Line
Personal consumption expenditures
Durable goods
Nondurable goods
Food
.
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced, and consumed on farms (5+6).
19
1,389.9 1,417.6
1,450.9 1,486.3
20
21
22
23
687.9
434.5
245.1
8.3
689.5
434.9
246.1
8.5
692.6
436.6
247.4
8.5
699.3
442.3
248.4
8.6
Addenda: Food excluding alcoholic beverages(8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
24
25
608.7
53.7
609.4
54.4
611.4
55.4
617.5
56.1
26
25.6
25.7
25.8
25.9
Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes
27
28
29
247.1
35.7
137.0
260.1
37.2
145.4
276.1
39.0
155.7
288.4
40.4
162.5
•(14).
30
74.4
77.5
81.5
85.6
Gasoline and oil (75)
31
109.8
114.3
116.0
117.9
Fuel oil and coal (40)
32
10.7
.11.2
11.2
10.3
Other
Tobacco products (7)
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
Net foreign remittances (109 less 111)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (93)
33
34
35
36
37
334.3
47.2
43.7
25.7
50.2
343.1
47.4
45.3
26.8
50.3
356.7
47.5
47.4
28.7
51.2
373.0
46.4
49.8
30.6
52.5
38
39
40
41
42
43
76.7
38.9
14.4
1.4
22.9
13.4
79.6
41.9
14.4
1.1
23.1
13.3
83.0
44.5
14.7
1.1
23.9
14.8
88.2
47.6
15.0
1.9
25.0
16.5
44
2,535.5
2,599.6
2,676.7
2,761.5
45
46
674.3
479.6
688.6
487.4
700.9
496.0
717.4
508.9
Men's and boys' clothing and accessories except shoes (15+16)
Services
Housing
Owner-occupied nonfarm dwellings—space rent (24)
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive,
Line
1994
1995
1996
47
48
49
165.2
171.4
174.7
5.2
5.2
24.3
24.7
25.2
178.7
5.0
24.9
Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
50
51
52
53
54
55
56
270.5
82.6
30.C
33.C
79.6
11.2
34.2
280.6
84.3
30.5
33.1
85.5
11.7
35.8
291.4
85.1
32.9
32.8
94.7
11.0
35.5
301.3
84.6
31.5
33.8
105.0
11.2
36.4
Transportation
User-operated transportation
p
p
Ri
i
hi
Repair, greasing, washing, parking, storage, rental, and leasing
57
58
59
175.2
136.5
108,5
186.4
145.9
117.5
200.5
157.7
128.6
212.2
167.7
137.0
60
61
62
63
64
65
66
67
68
28.0
28.5
29.2
8.6
5.7
2.9
8.5
5.5
3.0
8.4
5.5
3.0
30.1
31.9
34.4
.7
1.1
.7
1.2
.7
1.2
25.5
27.2
29.2
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82)
Bus (83)
i
Airline (84)
Other (85)
5.1
3.3
30.8
8.6
5.7
3.0
35.9
.7
1.2
30.4
3.4
Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)
69
70
71
72
73
74
662.1
162.4
39.8
89.2
331.5
40.0
675.0
166.2
41.1
95.9
336.9
37.1
686.6
170.8
40.8
100.5
341.1
36.2
701.7
174.5
41.5
103.3
350.2
35.8
Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
....„
Personal business
,
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured
pension pi.
Expense of handling life insurance (64)
Legal services (65)
Funeral and burial expenses (66)
Other (67)
Recreation
Admissions to specified spectator amusements (94)
Other(92+98+99+100+101)
Education and research
:...
Higher education (103)
Nursery, elementary, and secondary scnoois (i04)
Other (105)
Religious and welfare activities (106)
Net foreign travel....:
Foreign travel by U.S. residents (108)
Less: Expenditures in the United States by nonresidents (110)
75
76
77
78
79
80
81
82
754.0
47.5
11.0
21.8
14.7
352.1
37.8
27.5
769.8
49.2
11.4
15.0
354.3
42.1
27.9
798.6
51.1
11.7
22.7
16.7
364.6
51.1
29.0
830.5
52.2
11.7
23.3
17.2
377.2
61.2
30.8
83
146.5
144.2
145.3
148.1
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
68.1
45.3
10.1
17.1
149.5
17.8
131.7
96.8
53.1
20.4
23.4
125.6
-17.6
48.8
66.4
68.8
44.4
10.5
17.3
160.9
18.2
142.8
98.7
53.7
20.7
24.4
127.8
-21.3
48.3
69.6
66.2
46.1
10.9
18.3
166.5
18.9
147.5
102.0
54.0
20.9
27.3
137.0
-22.5
50.5
73.0
65.2
46.7
10.7
18.9
173.6
19.6
153.9
106.8
54.8
22.4
30.0
140.4
-19.6
54.5
74.1
99
99
-4.3
-9.4
-18.6
-31.5
Residual
2.8
2.8
228
The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity
indexes for the series in this table appear in table 7.5. The figures in parentheses are the line numbers of the
corresponding items in table 2.4.
SURVEY OF CURRENT BUSINESS
54 • August 1998
Table 2.8.—Personal Income by Type of Income
[Billions of dollars; months seasonally adjusted at annual rates]
Wage and salary disbursements
Year and month
Personal
income
Goods-producing
All
industries
Private
industries
Total
Manufacturing
Distributive
Service
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
Less:
Personal
contributions
for social
insurance
1994
5,757.9
3,240.7
2,638.5
824.4
602.2
405.0
36.9
434.7
124.4
171.0
668.1
954.7
277.5
1995
1996
1997
6,072.1
6,425.2
6,784.0
3,428.5
3,631.1
3,889.8
2,805.8
2,990.2
3,225.7
863.9
909.0
975.0
647.9
674.6
719.5
782.9
823.3
879.8
1,158.9
1,257.9
1,370.8
622.7
640.9
664.2
401.6
387.0
392.9
22.4
38.9
35.5
465.6
488.8
515.8
133.7
150.2
158.2
192.8
248.2
260.3
704.9
719.4
747.3
1,015.9
1,068.0
1,110.4
293.6
306.3
326.2
5,529.1
5,595.1
5,625.8
5,707.1
5,743.1
5,749.2
5,777.7
5,800.2
5,834.3
5,894.2
5,902.7
5,936.8
3,138.4
3,128.5
3,148.0
3,214.5
3,241.8
3,239.7
3,256.6
3,262.2
3,281.9
3,319.6
3,318.6
3,338.5
2,543.8
2,532.1
2,551.1
2,615.4
2,638.1
2,638.6
2,654.5
2,658.7
2,677.0
2,713.1
2,710.8
2,728.7
793.5
794.9
802.9
816.1
821.2
824.1
829.0
832.0
837.6
842.9
847.5
851.3
598.6
598.4
605.2
615.2
618.9
621.2
624.1
626.8
629.8
633.7
637.1
640.6
715.7
711.9
719.9
732.8
738.9
742.1
745.7
746.4
752.0
764.1
761.3
765.4
1,034.6
1,025.3
1,028.3
1,066.5
1,078.1
1,072.4
1,079.8
1,080.3
1,087.4
1,106.1
1,101.9
1,112.0
594.6
596.4
596.9
599.1
603.7
601.1
602.1
603.4
604.9
606.5
607.8
399.8
398.3
400.4
402.2
405.0
403.9
406.8
406.4
407.5
411.0
409.1
409.3
46.5
47.9
44.8
41.1
38.8
36.7
34.9
33.2
31.6
31.2
29.3
27.0
430.5
432.4
434.9
436.5
436.3
435.6
438.8
440.8
444.3
446.5
450.2
93.6
120.7
124.0
124.5
126.0
127.5
127.9
130.2
132.1
129.8
128.9
128.0
157.2
158.9
161.2
164.3
166.8
169.2
171.8
174.4
177.5
180.7
184.0
186.2
639.5
640.8
643.9
651.0
656.3
661.9
666.9
673.8
681.6
693.5
700.9
706.8
936.3
941.0
943.9
949.6
948.8
951.0
955.3
959.9
961.1
966.6
967.9
974.7
272.0
271.4
272.7
275.0
276.8
276.9
278.1
278.5
279.8
282.4
282.4
283.8
5,963.5
5,979.9
5,995.1
6,015.1
6,025.3
6,050.5
6,067.0
6,091.0
6,122.5
6,155.8
6,184.9
6,214.4
3,354.5
3,369.3
3,380.8
3,397.4
3,396.4
3,416.7
3,434.8
3,447.5
3,465.7
3,482.3
3,493.9
3,503.3
2,739.8
2,751.7
2,761.4
2,777.7
2,775.4
2,793.6
2,810.8
2,822.9
2,840.7
2,856.1
2,866.2
2,873.7
851.4
854.8
855.3
858.1
855.9
860.3
864.7
867.6
872.2
875.0
876.8
875.3
641.4
643.0
642.9
644.1
642.9
645.1
648.5
650.0
652.6
654.2
655.5
654.2
768.2
770.0
772.1
778.5
775.5
780.7
784.5
788.1
791.9
792.9
795.7
797.2
1,120.2
1,126.8
1,134.0
1,141.1
1,144.0
1,152.6
1,161.6
1,167.2
1,176.7
1,188.2
1,193.6
1,201.2
614.7
617.6
619.4
619.7
621.0
623.1
624.0
624.6
625.0
626.2
627.7
629.6
408.0
407.2
406.2
404.7
403.6
402.4
401.6
400.3
398.9
397.6
395.7
393.5
24.3
22.7
21.5
21.0
20.3
19.8
18.1
18.8
20.5
24.8
27.4
30.0
454.0
455.7
457.6
457.4
462.5
466.3
467.1
472.1
472.8
473.1
474.6
474.6
130.1
131.1
132.1
133.1
133.4
133.3
130.9
131.5
133.2
133.6
140.3
142.4
184.8
184.8
185.3
185.5
186.3
188.3
188.4
190.7
196.3
200.0
206.6
217.0
705.6
702.4
698.9
701.5
701.5
701.6
700.9
702.3
704.8
711.2
713.5
714.8
990.0
995.7
1,002.7
1,005.9
1,012.8
1,015.0
1,019.6
1,022.9
1,026.6
1,030.6
1,031.1
1,037.6
287.7
288.9
289.9
291.4
291.5
292.9
294.3
295.2
296.4
297.4
298.2
6,231.7
6,294.9
6,326.3
6,354.8
6,384.7
6,430.6
6,447.1
6,477.0
6,506.0
6,517.0
6,547.3
6,585.0
3,498.1
3,543.4
3,556.6
3,576.8
3,601.3
3,639.4
3,639.0
3,664.8
3,688.9
3,694.6
3,719.6
3,750.6
2,864.7
2,909.0
2,921.1
2,939.4
2,961.9
2,998.8
2,997.2
3,022.3
3,045.0
3,049.3
3,072.3
3,101.5
870.6
887.1
883.9
897.9
903.5
911.2
913.9
920.0
924.2
925.4
931.1
939.3
647.7
660.3
655.8
668.3
671.8
676.7
678.4
682.6
685.3
684.8
688.5
694.7
792.2
806.6
811.2
808.4
815.3
827.6
822.2
830.0
837.1
836.7
842.4
849.7
1,202.0
1,215.3
1,225.9
1,233.1
1,243.2
1,260.0
1,261.2
1,272.3
1,283.7
1,287.2
1,298.9
1,312.4
633.3
634.4
635.6
637.5
639.4
640.6
641.7
642.5
643.9
645.3
647.3
649.1
389.4
387.6
386.7
387.8
387.6
387.3
386.6
386.3
386.1
385.8
385.9
386.4
32.5
34.9
37.1
39.5
41.2
42.3
44.8
43.5
41.3
38.9
35.9
35.2
477.2
481.8
484.8
486.1
487.6
487.4
490.4
489.2
491.4
494.6
496.2
498.3
143.6
145.0
146.3
147.3
148.4
149.6
151.0
152.2
153.3
154.4
155.4
156.2
226.0
235.2
241.9
241.4
242.5
246.4
251.1
255.8
259.2
259.3
259.6
259.8
713.1
713.4
714.0
714.6
715.7
717.3
720.7
721.5
722.3
723.9
726.5
730.1
1,049.4
1,054.1
1,060.2
1,064.1
1,064.6
1,067.7
1,070.4
1,072.2
1,073.5
1,076.0
1,080.3
1,082.9
297.6
300.5
301.3
302.7
304.3
306.8
306.8
308.5
310.1
310.5
312.2
314.4
6,627.3
6,668.1
6,704.9
6,720.3
6,744.1
6,766.4
6,785.8
6,826.7
6,850.1
6,875.5
6,910.9
6,928.3
3,767.0
3,802.2
3,826.2
3,837.1
3,856.9
3,872.3
3,922.7
3,937.1
3,964.0
3,998.0
4,007.7
3,111.9
3,144.7
3,167.7
3,177.0
3,195.4
3,209.2
3,222.0
3,255.9
3,268.8
3,294.0
3,326.3
3,335.0
943.9
951.8
959.2
961.4
966.2
968.5
972.2
980.9
985.3
995.2
1,004.0
1,012.1
697.7
701.5
707.9
709.6
712.1
714.2
716.7
723.7
726.6
735.1
741.8
746.8
851.2
857.9
865.3
866.8
871.0
872.7
877.0
889.1
892.7
898.7
908.7
906.3
1,316.8
1,335.0
1,343.2
1,348.8
1,358.1
1,367.9
1,372.8
1,386.0
1,390.7
1,400.2
1,413.7
1,416.7
655.0
657.5
658.5
660.1
661.6
663.1
664.9
666.8
668.3
670.0
671.6
672.7
389.0
389.7
390.3
390.7
391.5
392.5
392.0
393.5
395.3
394.4
396.9
399.7
36.2
36.3
36.6
37.8
38.0
37.8
37.3
36.4
35.1
33.5
31.5
29.1
501.0
504.6
506.6
509.0
511.7
515.5
517.0
519.2
524.5
525.4
526.2
528.4
157.0
157.5
157.9
157.8
158.0
158.2
158.4
158.6
158.7
158.7
158.8
158.9
259.6
259.6
259.8
259.8
259.9
260.1
260.1
260.3
260.7
261.0
261.3
261.4
735.3
740.4
744.6
745.4
745.7
745.9
749.2
750.6
751.7
752.5
753.0
753.3
1,099.4
1,097.5
1,104.3
1,105.1
1,106.2
1,109.1
1,110.9
1,114.1
1,116.8
1,117.5
1,119.3
1,124.7
317.3
319.8
321.5
322.3
323.8
324.9
326.1
328.6
329.7
331.7
334.1
334.9
6,970.5
7,007.3
7,033.9
7,055.6
7,086.2
7,102.4
4,040.0
4,066.4
4,079.3
4,097.9
4,123.4
4,129.9
3,362.9
3,386.5
3,397.9
3,414.3
3,437.9
3,442.3
1,016.7
1,020.2
1,020.1
1,022.8
1,024.5
1,020.7
748.7
750.8
751.8
750.8
752.3
748.5
915.3
920.8
920.5
926.4
935.5
933.5
1,430.8
1,445.5
1,457.3
1,465.0
1,477.9
1,488.1
677.2
680.0
681.4
683.6
685.6
687.6
401.7
402.8
403.8
404.7
405.7
406.3
28.2
27.3
26.6
26.5
26.4
26.4
531.6
536.6
542.2
543.3
543.7
546.8
158.3
158.4
158.3
159.8
161.2
163.4
261.5
261.6
261.8
262.0
262.1
262.3
754.7
757.0
759.3
761.1
762.4
763.6
1,133.8
1,138.4
1,144.7
1,143.8
1,146.7
1,149.8
339.3
341.2
342.2
343.5
345.5
346.1
620.8
741.4
1,072.7
1994
January
February
March
April
May
June
July
August
September...
October
November....
December....
1995
January
February
March
May
IZZ.
June
July
August
September...
October
November....
December....
1996
January
February
March
April
May
June
July
August
September...
October
November....
December....
1997
January
February
March
April
May
June
July
August
September...
October
November....
December....
1998
January
February
March
April
May
June
SURVEY OF CURRENT BUSINESS
August 1998
• 55
Table 2.9.—Personal Income and Its Disposition
[Months seasonally adjusted at annual rates]
Billions of dollars
Disposable personal income
Less: Personal outlays
Year and month
Personal
income
Less:
Personal tax
and nontax
payments
Equals:
Disposable
personal income
Total
Personal
consumption
expenditures
Interest paid
by persons
Per capita
Personal
transfer
payments to
rest of the
world (net)
Equals:
Personal
saving
Total, billions
of chained
(1992)
dollars'
Current
dollars
Chained
(1992) dollars
Population
(mid-period,
thousands)
Personal saving
as a percentage
of disposable
personal income
1994
5,757.9
739.1
5,018.9
4,842.1
4,717.0
110.9
14.2
176.8
4,772.
19,25
18,308
1995
1996
1997
6,072.1
6,425.2
6,784.0
795.0
5,277.0
5,534.7
5,795.1
5,097.2
5,376.3
5,674.1
4,953.9
5,215.7
5,493.7
127.6
143.6
161
15.7
16.9
18.9
179.8
158.5
121.0
4,906.0
5,043.0
5,183.1
20,050
20,840
21,633
18,640
18,989
19,349
260,705
263,195
265,579
267,880
3.4
2.9
2.1
1994
January
February
March
April
May
June
July
August
September...
October
November....
December....
5,529.1
5,595.1
5,625.8
5,707.1
5,743.1
5,749.2
5,777.7
5,800.2
5,834.3
5,894.2
5,902.7
5,936.8
711.8
711.0
715.8
780.6
735.7
735.
737.5
738.8
743.
751.6
751.8
755.7
4,817.4
4,884.1
4,910.0
4,926.4
5,007.5
5,014.0
5,040.2
5,061.4
5,091.1
5,142.6
5,150.9
5,181.1
4,681.6
4,757.2
4,775.8
4,784.7
4,797.8
4,827.3
4,841.7
4,886.3
4,900.4
4,935.0
4,953.7
4,963.4
4,559.6
4,635.8
4,654.4
4,662.8
4,675.,r
4,703.5
4,718.0
4,760.9
4,772.9
4,806.4
4,823.2
4,830.9
107.9
107.3
107.4
107.8
108.5
109.8
109.6
111.3
113.3
114.2
116.1
118.1
14.0
14.0
14.0
14.1
14.1
14.1
14.2
14.2
14,
14.4
14.4
14.4
135.8
126.9
134.1
141.;
209.6
186.7
198.5
175.1
190.
207.6
197.2
217.8
4,645.<
4,696.6
4,708.7
4,716.4
4,786.9
4,779.2
4,786.9
4,790.7
4,808.0
4,845.0
4,844.3
4,867.0
18,560
18,805
18,890
18,938
19,234
19,242
19,326
19,389
19,485
19,666
19,683
19,784
17,897
18,083
18,116
18,131
18,387
18,341
18,354
18,352
18,402
18,528
18,511
18,584
259,560
259,726
259,928
260,138
260,345
260,571
260,804
261,040
261,275
261,494
261,695
261,888
2.8
2.6
2.7
2.9
4.2
3.7
3.9
3.5
3.7
4.0
3.8
4.2
763.5
768.1
769.9
823.9
778.3
784.8
792.4
799.0
805.6
811.7
818.6
824.5
5,200.0
5,211.7
5,225.2
5,191.2
5,247.1
5,265.7
5,274.7
5,291.9
5,316.9
5,344.2
5,366.3
5,389.8
4,997.9
4,982.5
5,011.9
5,019.2
5,075.8
5,116.9
5,102.3
5,148.7
5,145.3
5,150.3
5,189.8
5,226.2
4,863.7
4,847.9
4,875.8
4,882.2
4,936.7
4,975.5
4,959.0
5,003.5
4,996.7
4,998.7
5,036.0
5,071.1
119.0
119.4
120.9
122.2
124.3
126.6
127.8
129.6
133.0
134.4
136.6
137.9
15.2
15.2
15.2
14.8
14.8
14.8
15.6
15.6
15.6
17.2
17.2
17.2
202.
229.
213.3
172.0
171.3
148.7
172.3
143.3
171.6
193.8
176.5
163.6
4,878.0
4,882."
May
June
July
August
September...
October
November....
December....
5,963.5
5,979.9
5,995.1
6,015.1
6,025.3
6,050.5
6,067.0
6,091.0
6,122.5
6,155.8
6,184.9
6,214.4
19,843
19,875
19,911
19,766
19,963
20,017
20,034
20,081
20,157
20,244
20,314
20,389
18,614
18,621
18,627
18,449
18,588
18,616
18,607
18,605
18,673
18,709
18,766
18,807
262,057
262,223
262,427
262,639
262,842
263,060
263,289
263,525
263,767
263,984
264,172
264,351
3.9
4.4
4.1
3.3
3.3
2.8
3.3
2.7
3.2
3.6
3.3
3.0
1996
January
February
March
April
May
June
July
August
September...,
October
November
December
6,231.7
6,294.9
6,326.3
6,354.8
6,384.7
6,430.6
6,447.1
6,477.0
6,506.0
6,517.0
6,547.3
6,585.0
837.5
852.2
859.2
916.7
876.2
887.0
891.6
899.1
907.6
912.0
918.8
928.1
5,394.2
5,442.7
5,467.0
5,438.1
5,508.5
5,543.6
5,555.5
5,578.0
5,598.4
5,605.0
5,628.5
5,656.9
5,226.0
5,267.6
5,289.7
5,345.4
5,367.8
5,355.6
5,391.8
5,404.7
5,418.9
5,458.8
5,478.3
5,510.3
5,073.3
5,114.8
5,136.4
5,189.9
5,210.4
5,196.6
5,231.0
5,242.0
5,254.4
5,292.0
5,309.4
5,338.4
136.9
137.0
137.5
138.8
140.8
142.4
144.2
146.2
147.9
148.3
150.4
153.3
15.8
15.8
15.8
16.6
16.6
16.6
16.6
16.6
16.6
18.5
18.5
18.5
168.2
175.0
177.3
92.7
140.7
188.0
163.7
173.2
179.5
146.1
150.2
146.6
18,769
5,028.0
5,057.4
5,057.9
5,075.4
5,085.2
5,076.3
5,088.2
5,102.4
20,394
20,564
20,640
20,516
20,767
20,883
20,912
20,979
21,038
21,047
21,121
21,213
264,505
264,667
264,870
265,066
265,253
265,456
266,106
266,308
266,492
266,672
3.1
3.2
3.2
1.7
2.6
3.4
2.9
3.1
3.2
2.6
2.7
2.6
6,627.3
947.1
956.2
963.4
967.9
976.0
983.3
990.0
1,000.3
1,006.7
1,015.5
1,026.9
1,034.1
5,680.2
5,711.8
5,741.5
5,752.4
5,768.1
5,783.1
5,795.7
5,826.4
5,843.4
5,860.0
5,884.0
5,894.2
5,560.3
5,576.9
5,590.1
5,597.7
5,604.1
5,646.2
5,709.8
5,720.6
5,739.6
5,752.7
5,783.4
5,807.4
5,388.1
5,403.6
5,415.7
5,421.9
5,427.0
5,467.5
5,529.1
5,537.7
5,554.0
5,565.8
5,596.4
5,617.4
154.3
155.3
156.4
157.6
158.8
160.5
161.2
163.3
166.0
167.2
167.2
170.2
18.0
18.0
18.0
18.2
18.2
18.2
19.5
19.5
19.5
19.8
19.8
19.8
119.8
134.9
151.5
154.7
164.0
136.9
85.9
105.8
103.8
107.2
100.6
5,113.7
5,130.7
5,147.8
5,152.8
5,171.7
5,178.0
5,181.3
5,203.2
5,210.7
5,221.4
5,239.7
5,246.5
21,288
21,395
21,491
21,516
21,560
21,600
21,630
21,726
21,772
21,814
21,888
21,912
19,273
19,331
19,340
19,337
19,403
19,415
19,437
19,491
19,504
266,975
267,161
267,354
267,541
267,741
267,952
268,171
268,391
268,633
268,823
268,989
2.1
2.4
2.6
2.7
2.8
2.4
1.5
1.8
1.8
1.8
1.7
1.5
1,058.7
1,069.4
1,072.4
1,076.7
5,911.8
5,937.9
5,961.5
5,978.8
5,997.2
6,006.5
5,837.3
5,870.0
5,884.7
5,915.1
5,964.4
5,997.3
5,649.3
5,682.7
5,697.5
5,727.3
5,776.1
5,809.7
168.8
168.1
168.0
168.0
168.4
167.7
19.2
19.2
19.2
19.9
19.9
19.9
74.5
67.9
76.8
63.7
32.8
9.3
5,264.9
5,287.0
5,309.5
5,318.1
5,324.2
5,331.9
21,965
22,049
22,122
22,171
22,223
22,241
19,562
19,632
19,703
19,721
19,729
19,743
269,143
269,302
269,482
269,669
269,862
270,067
1.3
1.1
1.3
1.1
.5
.2
1995
January
February
March
April
1997
January
February
March
April
May
June
July
August
September....
October
November
December
6,704.9
6,720.3
6,744.1
6,766.4
6,785.8
6,826.7
6,850.1
6,875.5
6,910.9
6,928.3
1998
January
February
March
April
May
June
6,970.5
7,007.3
7,033.9
7,055.6
7,086.21
7,102.4
1,095.9
1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
4,845.5
4,885.6
4,897.1
4,899.1
4,902.9
4,925.3
4,939.0
4,957.6
4,971.7
4,964.4
5,001.6
5,009.9
18,914
18,749
18,955
19,052
19,038
19,089
19,110
19,062
19,093
19,134
19,165
19,218
3.5
SURVEY OF CURRENT BUSINESS
August 1998
Table 2.10.—Personal Consumption Expenditures by Major Type of
Product
[Billions of dollars; months seasonally adjusted at annual rates]
Year and month
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Table 2.11.—Real Personal Consumption Expenditures by Major Type of
Product
[Billions of chained (1992) dollars; months seasonally adjusted at annual rates]
Year and month
Personal consumption expenditures
Durable goods
Nondurable goods
Services
1994 .
4,717.0
579.5
1,428.4
2,709.1
1994 .
4,486.0
561.2
1,389.9
2,535.5
1995 .
1996 .
1997 ,
4,953.9
5,215.7
5,493.7
611.0
643.3
673.0
1,473.6
1,539.2
1,600.6
2,869.2
3,033.2
3,220.1
1995 .
1996 .
1997 .
4,605.6
4,752.4
4,913.5
589.1
626.1
668.6
1,417.6
1,450.9
1,486.3
2,599.6
2,676.7
2,761.5
1994
January
;
February
March
April
May
June
July
August
September
October
November
December
4,559.6
4,635.8
4,654.4
4,662.8
4,675.3
4,703.5
4,718.0
4,760.9
4,772.9
4,806.4
4,823.2
4,830.9
550.4
567.2
572.0
578.1
567.5
571.6
576.8
587.0
586.1
595.3
603.1
1,385.1
1,407.7
1,420.2
1,408.4
1,414.3
1,425.2
1,431.3
1,442.5
1,444.6
1,451.3
1,454.1
1,455.7
2,624.0
2,660.9
2,662.1
2,676.4
2,693.5
2,706.6
2,709.9
2,731.4
2,742.2
2,759.8
2,766.1
2,775.9
January
February
March
April
May
June
July
August
September....
October
November
December
4,396.8
4,457.8
4,463.6
4,464.1
4,469.4
4,483.2
4,480.8
4,506.2
4,507.6
4,528.2
4,536.1
4,538.0
539.4
554.9
557.7
563.9
550.5
552.9
556.0
565.3
563.9
573.4
580.0
576.3
1,360.4
1,381.8
1,392.8
1,379.9
1,385.6
1,390.9
1,389.5
1,395.1
1,394.9
1,401.3
1,403.5
1,402.6
2,497.2
2,521.5
2,513.9
2,520.8
2,533.5
2,539.7
2,535.7
2,546.4
2,549.3
2,554.2
2,553.6
2,559.9
4,863.7
4,847.9
4,875.8
4,882.2
4,936.7
4,975.5
4,959.0
5,003.5
4,996.7
4,998.7
5,036.0
5,071.1
604.7
587,8
602.6
588.3
608.7
621.2
608.7
626.2
616.0
613.6
620.6
634.1
1,471.5
1,451.3
1,455.9
1,463.5
1,473.3
1,475.5
1,471.2
1,475.8
1,483.3
1,476.9
1,487.5
1,498.1
2,787.4
2,808.8
2,817.3
2,830.5
2,854.7
2,878.8
2,879.1
2,901.5
2,897.5
2,908.2
2,927.9
2,938.9
4,562.4
4,542.1
4,561.3
4,557.0
4,596.6
4,627.2
4,605.9
4,635.6
4,628.7
4,619.7
4,652.5
4,677.7
581.8
565.1
578.6
564.6
586.3
599.6
587.5
603.9
594.6
592.9
601.1
613.1
1,422.2
1,402.3
1,406.5
1,410.2
1,417.6
1,419.8
1,413.7
1,417.8
1,423.9
1,414.8
1,427.1
1,435.0
2,559.9
2,574.8
2,576.7
2,582.3
2,593.4
2,608.6
2,605.0
2,614.8
2,611.1
2,612.5
2,625.1
2,631.1
5,073.3
5,114.8
5,136.4
5,189.9
5,210.4
5,196.6
5,231.0
5,242.0
5,254.4
5,292.0
5,309.4
5,338.4
6222
642.4
632.4
649.3
653.3
639.4
638.9
647.6
641.1
652.8
651.0
649.4
1,497.6
1,508.3
1,514.6
1,538.3
1,540.3
1,535.2
1,540.4
1,540.2
1,550.2
1,563.8
1,567.4
1,573.6
2,953.5
2,964.1
2,989.4
3,002.3
3,016.8
3,021.9
3,051.8
3,054.1
3,063.1
3,075.4
3,090.9
3,115.4
May
June
July
August
September
October
November
December
4,669.0
4,700.3
4,706.9
4,743.0
4,755.8
4,740.8
4,762.4
4,769.7
4,772.8
4,792.8
4,799.7
4,815.1
601.0
620.8
611.1
629.4
635.8
623.3
622.7
631.6
625.2
637.4
637.2
637.9
1,428.5
1,436.4
1,435.7
1,450.9
1,451.1
1,449.3
1,451.7
1,454.3
1,458.1
1,465.2
1,464.3
1,465.6
2,640.0
2,644.7
2,660.8
2,664.6
2,671.1
2,669.6
2,688.6
2,685.3
2,690.4
2,692.2
2,699.9
2,713.0
5,388.1
5,403.6
5,415.7
5,421.9
5,427.0
5,467.5
5,529.1
5,537.7
5,554.0
5,565.8
5,596.4
5,617.4
670.8
668.4
667.4
656.3
656.7
666.8
682.9
683.5
677.1
671.7
684.8
690.1
1,585.8
1,589.5
1,593.8
1,585.4
1,586.9
1,592.3
1,608.6
1,610.8
1,614.4
1,614.6
1,614.8
1,610.2
3,131.5
3,145.7
3,154.5
3,180.2
3,183.5
3,208.4
3,237.7
3,243.5
3,262.5
3,279.5
3,296.7
3,317.1
1997
January
February
March
April
May
June
July
August
September
October
November
December
4,850.7
4,853.8
4,855.6
4,856.7
4,865.9
4,895.4
4,942.9
4,945.4
4,952.6
4,959.3
4,983.6
5,000.1
659.3
654.9
654.6
648.3
650.8
662.2
679.4
682.6
676.9
673.0
687.9
693.3
1,474.9
1,476.8
1,482.1
1,472.0
1,476.5
1,482.9
1,497.2
1,495.4
1,494.6
1,494.4
1,495.7
1,492.6
2,719.6
2,724.8
2,721.8
2,737.8
2,740.3
2,752.8
2,770.3
2,771.7
2,784.1
2,794.0
^2,803.3
2,817.3
5,649.3
5,682.7
5,697.5
5,727.3
5,776.1
5,809.7
709.6
708.2
697.6
698.5
722.1
733.9
1,623.8
1,636.7
1,638.8
1,646.9
1,661.3
1,664.8
3,315.9
3,337.8
3,361.0
3,381.8
3,392.8
3,411.0
January
February
March
April
May
June
5,031.1
5,059.7
5,074.3
5,094.4
5,127.9
5,157.1
713.8
713.1
703.8
704.2
731.7
746.3
1,508.6
1,523.7
1,531.4
1,536.9
1,543.8
1,548.7
2,814.9
2,829.0
2,843.8
2,857.4
2,860.0
2,871.3
1995
January
February
March
April
May
June
July
August
September..,
October
November...,
December...
1996
January
February
March
April
May
June
July
August
September
October
November
December
1997
January
February
March
April
May.
May
June
July
August
September
October
November
December
1998
January
February
March
My ZZI1
a
June
1995
January
February
March
ft.:::::::
June
July
August
September....
October
November
December
1996
January
February
March
1998
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
August 1998
SURVEY OF CURRENT BUSINESS
•
$J
3. Government Receipts and Expenditures.
Table 3.1.—Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1995
1994
1997
1996
IV
I
2,124.7 2,246.1 2,411.0 2,589.2 2,179.8
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
739.1
186.6
568.5
630.5
795.0
211.0
581.2
658.9
890.5
226.1
606.4
688.0
989.0
246.1
627.2
727.0
753.0
206.2
579.4
641.2
2,199.7 2,238.9 2,260.0 2,285.9 2,340.8 2,405.9 2,423.8 2,473.5 2,525.6 2,564.9 2,616.0 2,650.3 2,703.6
767.2
202.9
579.1
650.5
795.7
207.6
580.6
655.1
799.0
219.1
579.6
662.3
818.3
214.3
585.6
667.7
849.7
223.9
593.9
673.4
899.4
227.7
603.8
693.0
893.3
228.6
599.7
684.2
919.7
224.2
628.3
701.3
955.6
238.8
617.2
714.0
975.8
241.9
625.0
722.1
999.0
254.2
632.0
730.8
1,025.5 1,066.8 1,087.2
249.3 239.9
634.5 641.9 " 6 4 7 1
740.9 755.0 762.8
2,214.5 2,308.8 2,398.7 2,476.1 2,257.3 2,278.9 2,304.2 2,323.9 2,328.1 2,373.7 2,389.4 2,401.7 2,430.1 2,448.4 2,469.6 2,479.8 2,506.7 2,504.6 2,532.0
Current expenditures
1,107.0 1,138.1 1,175.5 1,219.2 1,116.8 1,127.8 1,138.3 1,145.5 1,140.7 1,158.3 1,174.7 1,180.7 1,188.5 1,204.1 1,218.8 1,222.3 1,231.6 1,227.5 1,249.4
Consumption expenditures
Transfer payments (net)
To persons
To the rest of the world (net)
947.3 1,001.5 1,057.7 1,096.0
930.9 990.1 1,041.5 1,083.3
16.4
12.7
16.2
11.4
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
144.9
286.4
239.4
47.0
141.5
156.7
313.8
256.4
57.4
157.1
157.1
315.7
248.3
67.4
158.6
153.8
316.9
229.4
87.5
163.1
Less: Dividends received by government
11.4
12.5
13.7
26.6
25.1
22.0
21.9
33.7
7.1
34.2
9.1
34.0
12.0
33.4
11.5
983.0
971.1
11.9
996.3 1,008.2 1,018.4 1,047.4 1,050.2 1,057.4 1,075.9 1,083.1 1,089.6 1,096.6 1,114.6 1,121.1 1,128.2
985.6 996.9 1,006.7 1,028.4 1,039.1 1,045.6 1,053.1 1,073.5 1,079.7 1,086.7 1,093.1 1,111.2 1,118.7
10.8
11.2
11.8
9.9
11.6
19.0
9.9
9.5
9.9
9.5
21.5
11.0
22.8
153.6
298.6
245.9
52.6
145.0
155.6
307.4
254.2
53.2
151.8
157.0
314.3
257.9
56.4
157.3
157.3
316.5
257.1
59.4
159.2
156.7
317.0
256.5
60.4
160.3
157.2
315.8
255.3
60.5
158.6
155.4
313.6
250.5
63.1
158.2
157.3
316.1
245.8
70.3
158.9
158.6
317.2
241.5
75.7
158.6
154.4
314.9
234.1
80.8
160.5
154.9
317.7
230.1
87.6
162.8
153.7
317.7
226.9
90.8
164.0
152.3
317.2
226.5
90.7
164.9
148.2
314.3
224.4
89.9
166.1
12.1
12.3
12.6
12.9
13.2
13.7
13.7
14.0
14.4
14.7
14.8
15.2
15.7
16.0
27.4
24.6
24.9
25.5
25.2
24.0
22.8
20.0
21.2
21.3
21.0
22.0
23.4
23.5
23.9
32.7
5.3
33.6
9.0
34.1
9.2
34.4
8.9
34.6
9.4
34.1
10.1
34.1
11.3
34.0
14.0
33.9
12.7
33.9
12.6
33.6
12.6
33.3
11.3
32.7
9.3
31.8
8.4
31.4
7.5
-79.2
-65.3
-63.9
-42.3
-32.8
14.8
Subsidies less current surplus of government
enterprises.
Subsidies
Less: Current surplus of government enterprises
971.2
945.4
25.8
0
Less: Wage accruals less disbursements
0
0
0
-89.8
Social insurance funds
Other
-62.7
12.3
113.1
128.1
-217.9
Current surplus or deficit (-), national
income and product accounts.
129.4
-192.0
125.0
-112.7
138.5
-25.4
0
0
0
0
0
0
16.5
22.2
43.4
77.2
95.3
136.2
143.6
130.3
-86.9
129.4
-52.2
135.2
-39.9
140.8
-4.6
148.5
152.0
47.0
168.1
199.0
119.5
132.1 130.0 127.6
129.9 130.0
122.6
127,6
-209.6 -209.1 -192.9 -193.8 -172.3 -152.3 -106.1 -105.5
146.4
314.5
0
-77.5
0
157.8
Table 3.2.—Federal Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
1
Receipts
2
Indirect business tax and nontax accruals
Excise taxes
Customs duties
Nontaxes
1998
III
IV
710.0
689.5
17.9
741.7
719.5
19.6
759.1
735.8
20.6
776.9
753.7
20.5
798.6
774.2
21 6
2.1
2.2
2.3
2.4
2.5
2.6
2.6
2.6
2.6
2.6
2.7
173.2
22 9
150.3
172.5
22.8
149.6
176.6
23.8
152.8
186.2
23.6
162.6
182.1
23.3
158.7
191.2
19.9
171.3
195.2
20.0
175.2
194.3
20.1
174.3
191.4
20.3
171.1
203.9
19.9
184.0
206.5
20.2
186.3
93.8
595
19.6
14.6
99.0
60.1
21.7
17.3
96.0
59.3
19.9
16.8
94.6
58.1
20.0
16.6
89.2
57.9
20.0
11.3
90.3
57.3
19.5
13.6
89.9
55.3
20.1
14.5
88.5
54.3
19.4
14.7
90.5
55.0
20.3
15.2
109.2
58.7
17.1
33.4
90.7
57.1
18.8
14.8
647.0
566.2
574.7
578.7
585.5
590.5
596.2
606.7
615.0
622.9
634.8
193.0
201
172.9
210.0
206
189.5
9
10
11
12
98.7
593
21.1
18.2
92.5
581
19.8
14.6
94.5
55.9
19.2
19.4
557.1
582.4
610.2
14
II
693.8
672.8
18.4
179.3
234
155.9
13
I
691.4
671.4
17.4
156.7
205
136.3
Current expenditures
IV
652.6
633.9
16.2
143
2.0
Contributions for social insurance
III
623.9
605.5
16.0
571.1
554.8
206
2.7
8
. ...
II
I
608.2
590.5
15.4
769.1
745.8
175
2.6
6
7
IV
609.4
593.3
13.9
6870
666.9
149
2.2
Corporate profits tax accruals
Federal Reserve banks
Other
1997
1996
III
582.9
566.7
14.2
6061
589.0
151
1.9
3
4
5
II
I
I
II
1,374.8 1,460.3 1,584.7 1,719.9 1,409.5 1,426.2 1,459.3 1,469.1 1,486.8 1,529.9 1,581.7 1,593.7 1,633.5 1,671.1 1,703.6 1,739.6 1,765.5 1,809.1
5623
545.3
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
.
. . .
1995
1994
8365
810.0
855 7
826.3
2.8
235
3.0
262
32
217.0
20.8
196.2
212.8
21.2
191.6
204.8
216
183.2
95.5
60.5
20.4
14.6
95.1
59.7
20.5
14.9
93.8
608
18.9
14.2
93.9
607
19.1
14.1
95.4
620
19.3
14.1
642.4
650.6
660.3
673.9
681.1
1,561.4 1,634.7 1,695.0 1,741.0 1,596.4 1,615.8 1,637.1 1,646.0 1,639.8 1,680.0 1,694.4 1,693.8 1,711.9 1,722.3 1,738.4 1,739.9 1,763.4 1,750.3 1,762.7
Consumption expenditures
15
443.2
442.8
450.9
460.4
440.8
443.0
444.7
447.2
436.5
445.7
453.1
452.9
451.8
456.8
464.8
460,0
460.1
450.9
465.0
Transfer payments (net)
To persons
To the rest of the world (net)
16
683.0
666 6
16.4
720.3
7089
11.4
764.2
7480
16.2
791.9
7792
12.7
700.7
674.9
25.8
707.8
695.8
11.9
717.1
706.3
10.8
724.8
713.6
11.2
731.5
719.8
11.6
757.8
738.8
19.0
757.9
746.9
11.0
762.5
750.7
11.8
778.6
755.8
22.8
783.4
773.9
9.5
787.1
777.3
9.9
791.2
781.2
9.9
805.9
784 4
21.5
808.5
7986
9.9
8119
8023
9.5
17
18
Grants-in-aid to State and local governments
19
199.2
212.0
218.9
225.0
206.6
212.4
216.4
211.0
208.1
214.3
223.8
219.0
218.4
220.7
223.2
224.4
231.8
228.7
223.7
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
20
224 8
249.9
192.6
57.4
25.1
228 A
252.4
185.0
67.4
24.0
2312
253.6
1661
87.5
22.4
210.8
234.9
182.3
52.6
24.2
218.3
243.6
190.4
53.2
25.2
224.3
250.4
194.0
56.4
26.1
227.8
252.6
193.2
59.4
24.7
228.7
253.2
192.7
60.4
24.4
227.7
252.4
191.9
60.5
24.7
226.1
250.3
187.2
63.1
24.2
228.6
253.0
182.6
70.3
24.3
231.1
254.0
178.3
75.7
23.0
229.4
251.8
171.0
80.8
22.4
231.6
254.5
166.9
87.6
22.8
231.9
254.4
163.6
90.8
22.5
231.8
253.8
163.1
90.7
22.0
228.8
250.7
160.7
89.9
21.8
2285
250.6
23
24
2000
222.7
175.7
47.0
22.7
Subsidies less current surplus of government
enterprises.
Subsidies
Less: Current surplus of government enterprises ...
25
35.9
34.8
32.7
32.5
37.5
34.4
34.6
35.2
35.1
34.4
33.5
30.8
32.0
32.0
31.6
32.5
33.7
33.4
33.6
26
27
33.4
-2.6
33.8
-1.0
33.7
1.0
33.0
.5
32.4
-5.2
33.3
-1.1
33.8
-.8
34.1
-1.1
34.2
-.8
33.8
-.6
33.7
.2
33.6
2.8
33.5
1.5
33.5
1.5
33.3
1.7
32.9
.4
32.4
-1.4
315
-1.9
310
-2.6
Less* Wage accruals less disbursements
28
0
Current surplus or deficit (-), national
income and product accounts.
Social insurance funds
Other
. ..
21
22
0
0
0
0
0
29
-186.7
-174.4
-110.3
-21.1
-186.8
-189.6
-177.9
-176.9
-153.0
-150.1
-112.6
-100.1
-78.3
-61.2
-34.8
-.3
2.2
58.8
30
592
-245.8
54.7
-229.1
546
-164.9
703
-91.4
62.7
-249.6
57.1
-246.7
52.8
-230.6
54.2
-231.2
54.8
-207.8
47.4
-197.5
51.7
-164.3
57.9
-158.0
61.5
-139.8
60.8
-112.0
66.7
-101.5
72.9
-73.3
80.9
-78.7
84 5
-25.7
22.1
31
0
0
0
0
0
0
0
0
0
0
0
0
0
902
SURVEY OF CURRENT BUSINESS
August 1998
Table 3.3.—State and Local Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1996
1997
1995
949.2
997.7 1,045.2 1,094.3
976.8
176.8
131.2
24.8
20.8
188.9
140.4
27.1
21.4
203.5
151.9
29.5
22.1
182.0
135.0
25.4
21.6
1997
1996
1995
1994
1994
III
Receipts
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
I
184.2
136.9
26.1
21.2
186.3
138.1
26.8
21.3
190.8
141.9
27.5
21.4
194.4
144.8
28.1
21.5
197.1
146.7
28.6
21.8
201.9
150.6
29.2
22.0
205.6
153.6
29.8
22.1
209.7
156.7
30.4
22.5
213.9
159.8
31.0
23.0
216.7
161.6
31.7
23.4
222.1
166.1
32.3
23.8
226.9
169.9
32.9
24.1
230.4
172.3
33.6
24.5
29.9
Indirect business tax and nontax accruals
Sales taxes
Property taxes
Other
31.7
33.1
36.0
32.9
30.4
31.0
32.9
32.2
32.7
33.4
33.3
32.8
34.9
35.4
37.3
36.5
488.7
239.5
196.9
52.3
511.9
252.0
202.7
57.2
533.4
261.5
209.1
62.8
480.4
233.0
196.2
51.2
483.1
235.9
195.5
51.8
486.0
237.8
196.2
52.0
490.4
241.0
197.2
52.2
495.3
243.3
198.6
53.4
504.0
248.6
200.3
55.2
511.3
252.0
201.9
57.3
513.3
252.5
203.5
57.2
519.1
254.9
205.1
59.1
526.5
259.3
206.7
60.5
529.5
259.1
208.3
62.1
536.9
261.9
209.9
65.1
540.7
265.7
211.5
63.5
548.0
268.4
213.9
65.7
231.5
172.5
34.2
24.8
35.1
469.8
228.2
191.4
50.2
Corporate profits tax accruals
552.4
271.2
215.9
65.3
73.4
Current expenditures
77.8
79.9
74.9
75.8
76.4
76.8
77.1
77.2
77.6
78.0
78.4
79.2
79.7
80.2
80.6
81.1
81.7
212.0
218.9
225.0
206.6
212.4
216.4
211.0
208.1
214.3
223.8
219.0
218.4
220.7
223.2
224.4
231.8
228.7
223.7
852.3
Federal grants-in-aid
76.5
199.2
Contributions for social insurance
Consumption expenditures
219.9
164.3
32.0
23.6
I
V
996.0 1,001.9 1,007.1 1,025.3 1,047.9 1,049.1 1,058.3 1,075.2 1,084.5 1,100.8 1,116.5 1,123.3
886.0
922.6
960.1
867.5
875.5
883.4
918.8
926.9
936.6
946.8
954.4
964.3
975.1
695.2
724.7
758.8
676.0
684.8
693.5
698.4
704.2
712.6
721.6
727.8
736.7
747.2
754.0
762.2
771.5
776.7
784.4
....
993.0
Transfer payments to persons
264.3
281.2
293.5
304.1
270.5
275.2
279.2
283.4
286.9
289.6
292.3
294.9
297.3
299.7
302.5
305.5
308.6
312.6
3i6.4
Net interest paid
Interest paid
Less: Interest received by government
-55.1
63.7
118.8
-68.2
63.9
132.0
-71.3
63.3
134.5
-77.4
63.3
140.6
-57.2
63.7
120.8
-62.7
63.8
126.5
-67.4
63.9
131.3
-70.5
63.9
134.4
-72.1
63.8
135.9
-70.5
63.5
134.0
-70.7
63.3
134.0
-71.4
63.2
134.5
-72.5
63.1
135.6
-75.0
63.1
138.1
-76.7
63.2
140.0
-78.2
63.3
141.5
-79.5
63.4
142.9
-80.7
63.6
144.3
-82.1
63.8
146.0
Less: Dividends received by government
11.4
12.5
13.7
14.8
11.7
12.1
12.3
12.6
12.9
13.2
13.7
13.7
14.0
14.4
14.7
14.8
15.2
15.7
16.0
Subsidies less current surplus of government
enterprises.
Subsidies
Less: Current surplus of government enterprises
-9.3
-9.7
-10.7
-10.6
-10.1
-9.B
-9.7
-9.7
-9.9
-10.4
-10.7
-10.8
-10.9
-10.7
-10.6
-10.5
-10.3
-9.9
-9.7
.4
9.7
.3
10.1
.4
11.0
.4
10.9
.3
10.5
.3
10.1
.3
10.0
.3
10.0
.3
10.2
.3
10.7
.3
11.0
.4
11.2
.4
11.2
.4
.4
11.0
.4
10.9
.4
10.7
.4
10.3
.4
10.0
130.1
136.6
141.4
140.2
68.5
61.6
67.9
68.7
67.6
73.8
67.5
72.7
Less: Wage accruals less disbursements
Current surplus or deficit (-), national
income and product accounts.
Social insurance funds
Other
0
0
0
0
0
0
0
0
0
0
0
11.1
0
96.8
111.7
122.6
134.1
109.3
110.4
112.6
113.0
110.7
T17.3
129.1
122.3
121.7
68.9
27.9
74.6
37.0
70.4
52.2
68.1
66.0
69.4
40.0
72.9
37.6
74.8
37.7
75.7
37.3
75.2
35.5
72.0
45.3
70.9
58.2
52.5
52.9
128.4
59.8
0
0
67.7
SURVEY OF CURRENT BUSINESS
August 1998
Table 3.4.—Personal Tax and Nontax Receipts
59
1996
1997
381.7
400.7
Table 3.6.—Contributions for Social Insurance
[Billions of dollars]
•
[Billions of dollars]
687.0
769.1
589.0
501.5
174.2
86.7
548.9
209.2
91.1
745.8
594.1
247.4
95.7
14.9
2.2
17.5
2.6
20.6
2.7
188.9
203.5
219.9
131.2
5.0
9.5
3.6
2.7
140.4
5.0
9.9
3.8
2.6
151.9
5.6
10.0
4.0
2.5
164.3
6.3
10.6
4.1
2.5
24.8
9.7
15.1
Income taxes
Estate and gift taxes
Motor vehicle licenses
Property taxes
Other taxes 2
Nontaxes
Fines
Other 3
606.1
176.8
State and local
890.5
15.1
1.9
Estate and gift taxes
Nontaxes'
1996
795.0
545.3
466.4
157.2
78.3
Income taxes
Withheld
..:
Declarations and settlements
Less: Refunds
1995
562.3
Federal
1994
739.1
Line
Personal tax and nontax receipts
27.1
10.6
16.5
29.5
11.6
17.9
32.0
12.6
19.4
1997
[Billions of dollars]
1994
1995
1996
1997
1
568.5
581.2
606.4
627.2
2
98.7
92.5
94.5
93.8
3
4
5
6
7
8
9
10
59.3
21.3
58.1
21.2
55.9
22.3
59.5
23.0
7.0
5.8
7.1
5.5
7.4
6.0
6.6
5.7
7.4
5.7
7.8
2.5
74
6.0
76
6.5
12.6
11.4
10.2
9.1
11
21.1
19.8
19.2
19.6
12
13
14
15
18.2
14.6
19.4
14.6
2.7
8.0
7.4
2.7
4.3
7.6
4.2
7.2
8.1
4.7
1.9
8.0
16
469.8
488.7
511.9
533.4
228.2
189.0
127.6
24.9
239.5
198.2
135.7
25.2
252.0
208.7
143.1
26.2
261.5
216.0
149.0
26.7
3.6
6.6
8.6
8.1
9.6
3.6
6.7
8.2
8.6
3.7
7.1
9.3
8.7
3.7
7.2
9.0
9.4
10.3
41.3
28.3
10.7
43.3
29.6
11.0
45.5
30.9
Property taxes
Motor vehicle licenses
Severance taxes
Other taxes 3
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Nontaxes
Rents and royalties
Special assessments
Fines .,
Other 4
34
35
36
37
38
l
Customs duties
Nontaxes
Outer Continental Shelf royalties
Deposit insurance premiums
Other 2
State and local
Sales taxes
State ..
General
Gasoline
Alcoholic beverages
Tobacco
Public utilities
Insurance receipts
Other
Local..
General
Public utilities
Other
..
39.2
27.0
6.8
5.4
7.2
5.8
7.5
6.2
7.9
6.6
191.4
196.9
202.7
209.1
4.1
4.3
4.3
3.9
4.3
4.4
4.5
4.5
22.3
23.8
26.3
28.8
19.5
20.4
22.1
25.0
5.7
3.2
3.3
7.4
5.5
3.2
3.5
8.2
6.0
3.2
3.9
9.0
6.7
3.3
4.2
10.8
1. Consists largely of taxes on telephone, tires, coal, nuclear fuel, trucks, as well as refunds other than for alcoholic beverages and tobacco.
2. Consists largely of fines, fees, and royalties other than Outer Continental Shelf.
3. Consists largely of business licenses and documentary and stamp taxes.
4. Consists largely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco companies
($920 million).
353.0
365.3
727.0
301.0
State tax
Federal tax
Railroad employees
Federal employees
Federal employee retirement
Civilian
Military
Railroad retirement
Pension benefit guaranty ..
Veterans life insurance
Workers' compensation
Military medical insurance'
326.5
344.1
229.4
179.4
50.0
246.4
192.9
53.5
29.3
22.9
28.8
22.2
5.9
0
.6
27.9
21.3
5.8
0
.7
57.3
34.1
23.2
61.4
34.5
26.9
62.8
36.1
26.7
2.6
1.0
0
1.9
Unemployment insurance
310.8
217.6
170.2
47.4
58.2
33.5
24.7
Old-age, survivors, disability, and hospital insurance .
Old-age, survivors, and disability insurance
Hospital insurance
206.6
162.8
43.7
29.5
23.2
5.5
0
.7
Federal social insurance funds
2.5
2.6
1.3
0
6.1
0
.5
1.4
1.9
1.3
2.6
1.2
0
1.9
1.2
52.0
54.5
55.1
56.7
40.8
0
43.6
0
10.9
44.9
0
46.8
0
11.2
Personal contributions .
Line
Excise taxes
Gasoline
Alcoholic beverages
Tobacco
Diesel fuel
Air transport
Crude oil windfall profits tax
Other 1
658.9
State and local employee retirement...
Temporary disability insurance
Workers' compensation
Table 3.5.—Indirect Business Tax and Nontax Accruals
Federal
1995
630.5
Employer contributions
1994
State and local social insurance funds....
1. Consists largely of fines and immigration fees.
2. Consists largely of hunting, fishing, and other personal licenses.
3. Consists largely of donations and unclaimed bank deposits.
Indirect business tax and nontax accruals
Line
Contributions for social insurance .
1.9
1.2
10.2
277.5
Federal social insurance funds
Old-age, survivors, disability, and hospital insurance
EmpIoyG6S
o"
•
Old-age, survivors, and disability insurance
Hospital insurance
Self-employed
Supplementary medical insurance
State unemployment insurance
Federal civilian employee retirement
Railroad retirement
Veterans life insurance
State and local social insurance funds ..
State and local employee retirement.
Temporary disability insurance
.......*
293.6
306.3
326.2
256.1
232.0
207.5
162.8
44.6
24.5
17.3
.2
4.6
271.5
245.2
218.5
170.2
48.3
26.7
283.7
258.4
303.0
277.3
247.7
192.9
54.8
29.6
19.2
0
1.2
.8
1.3
.8
21.4
18.3
3.1
22.0
19.4
2.6
19.6
.2
4.6
230.6
179.4
51.2
27.8
18.6
.1
4.5
1.3
4.5
1.3
.8
22.6
20.4
2.2
23.3
21.6
1.6
1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities.
60
• August 1998
SURVEY OF CURRENT BUSINESS
Table 3.7.—Government Consumption Expenditures and Gross Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
Government consumption expenditures and
gross investment1.
1
I
II
1997
1996
1995
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
1,313.0 1,356.4 1,405.2 1,454.6 1,328.0 1,344.1 1,357.8 1,362.3 1,361.4 1,387.5 1,406.0 1,408.6 1,418.8 1,439.4 1,451.5 1,459.5 1,468.1 1,464.9 1,480.7
2
510.2
509.1
518.4
520.2
508.3
512.3
511.7
511.2
501.2
517.1
523.1
519.0
514.6
517.0
522.9
521.0
520.1
511.6
520.3
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
.
Compensation of general government
employees, except force-account
3
construction .
Consumption of general government fixed
capital4.
Other services
Gross investment
Structures ...
EQuioment
3
4
5
6
7
8
349.2
301.6
23.0
7.5
271.1
133.8
344.4
298.2
21.1
6.3
270.8
131.2
351.0
304.1
21.1
7.6
275.3
133.8
346.0
306.3
20.7
7.4
278.2
133.3
343.6
297.3
21.9
8.2
267.2
131.5
346.1
298.7
21.6
6.1
271.0
132.6
348.1
300.2
19.8
6.6
273.8
131.0
345.5
301.1
23.9
6.7
270.5
131.2
337.9
292.7
19.0
5.9
267.8
130.0
350.3
300.1
19.8
7.0
273.4
133.8
355.6
305.9
22.0
8.1
275.7
134.1
351.3
305.5
22.7
8.5
274.2
134.2
346.7
304.7
19.9
6.9
278.0
133.0
341.1
303.8
20.5
7.9
275.5
134.6
349.1
310.4
21.7
7.2
281.4
133.5
347.1
306.0
19.6
7.4
279.1
133.1
346.5
304.8
20.8
7.2
276.7
131.9
331.6
293.3
20.4
6.5
266.4
133.4
339.2
303 5
19.5
65
277.6
131.8
9
56.7
57.3
56.8
56.3
56.8
57.1
57.4
57.3
57.5
57.0
57.0
56.6
56.7
56.7
56.7
56.0
55.7
55.3
54.8
10
11
12
13
80.5
47.6
5.8
41.8
82.3
46.2
6.3
39.9
84.7
46.9
6.7
40.2
88.6
39.7
5.7
34.0
78.9
46.3
6.1
40.2
81.3
47.4
6.9
40.5
85.4
47.9
6.1
41.8
82.0
44.5
6.0
38.5
80.3
45.2
6.5
38.7
82.6
50.2
6.7
43.5
84.6
49.8
7.2
42.6
83.4
45.8
6.5
39.3
88.3
42.0
6.4
35.6
84.2
37.3
5.8
31.4
91.2
38.7
5.6
33.2
90.0
41.1
5.7
35.4
89.1
41.7
5.7
36.1
111
38.3
5.4
32.9
91.0
35 7
4.9
30.8
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods . .
Commodity Credit Corporation inventory
change.
Other nondurables
Services
.
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital4.
Other services
Gross investment
..
Structures
Equipment
14
15
16
17
18
161.0
141.6
1.0
6.8
-.5
164.7
144.7
.8
6.5
-.2
167.4
146.8
1.0
5.8
-.4
174.3
154.2
1.0
6.8
-.1
164.7
143.5
1.0
7.1
-.2
166.2
144.3
1.1
7.0
0
163.6
144.5
1.0
6.0
-.8
165.7
146.1
.8
6.6
-.2
163.3
143.8
.5
6.5
-.1
166.8
145.6
1.2
6.3
-.1
167.4
147.2
1.1
5.8
-.5
167.7
147.4
1.0
5.5
-.5
167.9
147.0
.6
5.6
-.3
175.9
153.0
1.1
6.5
-.1
173.8
154.4
1.3
6.7
-.2
173.9
154.0
.9
6.7
-.2
173.6
155.3
.9
7.4
.1
180.0
157.6
1.2
7.3
0
181.1
161.4
1.3
7.6
.2
19
20
21
7.3
133.8
74.4
6.8
137.3
76.1
6.2
140.0
77.5
6.9
146.3
80.2
7.3
135.3
73.3
7.0
136.2
76.0
6.8
137.6
76.0
6.7
138.7
76.5
6.5
136.8
76.1
6.4
138.0
77.4
6.3
140.3
77.7
6.0
140.9
77.5
5.9
140.8
77.3
6.5
145.4
80.2
6.8
146.5
80.7
6.9
146.4
80.3
7.3
147.0
79.5
7.3
149.1
81.5
7.4
152.6
82.6
Federal
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital4.
Other services
Gross investment
Structures
Equipment
Addenda:
Compensation of general government employees3
Federal
State and local
22
10.2
10.7
11.1
11.5
10.4
10.5
10.6
10.8
10.9
11.0
11.0
11.1
11.2
11.3
11.5
11.5
11.7
11.8
11.9
23
24
25
26
49.3
19.5
10.4
9.0
50.5
20.0
10.9
9.1
51.5
20.6
10.9
9.8
54.7
20.1
10.0
10.0
51.7
21.2
11.8
9.4
49.7
21.9
11.5
10.4
51.0
19.1
10.8
8.3
51.5
19.6
11.1
8.5
49.8
19.5
10.2
9.3
49.7
21.2
10.5
10.7
51.6
20.2
11.1
9.1
52.2
20.3
10.9
9.4
52.3
20.9
11.0
9.9
53.9
22.9
10.7
12.2
54.4
19.3
10.0
9.4
54.6
19.8
10.8
9.1
55.8
18.3
8.7
9.6
55.8
22.4
10.6
11.8
58.2
19.6
10.5
9.2
27
28
29
30
31
32
802.8
663.8
13.9
67.8
582.1
502.6
847.3
695.2
14.8
72.7
607.7
524.0
886.8
724.7
15.6
77.7
631.4
542.9
934.4
758.8
16.2
79.7
662.9
566.7
819.6
676.0
14.2
69.3
592.6
510.9
831.8
684.8
14.4
71.0
599.3
517.4
846.2
693.5
14.7
73.4
605.5
522.3
851.1
698.4
14.9
73.3
610.1
525.6
860.2
704.2
15.3
73.2
615.7
530.5
870.4
712.6
15.4
75.5
621.7
534.9
882.9
721.6
15.5
77.8
628.4
540.5
889.6
727.8
15.6
77.8
634.4
545.5
904.2
736.7
15.8
79.9
641.1
550.7
922.4
747.2
15.9
80.3
651.0
557.6
928.6
754.0
16.1
79.1
658.8
563.7
938.5
762.2
16.3
79.2
666.8
570.1
947.9
771.5
16.4
80.1
675.0
575.4
953.3
776.7
16.6
78.0
682.1
581.1
960.4
784.4
16.7
78.3
689.4
587.7
33
51.3
54.4
57.4
60.5
52.3
53.3
54.0
54.8
55.6
56.4
57.0
57.8
58.5
59.3
60.1
60.8
61.8
62.4
62.9
35
36
37
28.1
138.9
113.4
25.6
29.3
152.1
123.1
29.0
31.1
162.1
130.9
31.2
35.7
175.6
142.4
33.2
29.4
143.6
117.9
25!8
28.6
147.0
119.6
27.4
29.2
152.6
124.0
28.6
29.8
152.8
123.3
29.5
29.6
156.0
125.6
30.4
30.4
157.9
127.4
30.5
30.9
161.3
130.4
30.9
31.2
161.7
130.3
31.4
31.9
167.5
135.6
31.9
34.2
175.2
142.7
32.4
35.0
174.6
141.6
32.9
36.0
176.3
142.8
33.4
37.8
176.4
142.6
33.9
38.6
176.6
142.0
34.6
388
176.0
140.8
35.1
38
39
40
714.5
208.3
506.2
735.2
207.4
527.8
758.3
211.3
547.0
784.7
213.5
571.2
719.4
204.8
514.5
729.7
208.6
521.1
733.2
207.0
526.1
737.2
207.7
529.4
740.6
206.2
534.4
750.1
211.2
538.9
756.4
211.9
544.6
761.4
211.8
549.6
765.3
210.3
555.0
776.9
214.9
562.0
782.5
214.3
568.2
788.0
213.4
574.6
791.4
211.5
579.9
800.6
215.0
585.6
806.6
214.5
592.1
34 •
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new force-account construction and related expenditures
for goods and services are classified as investment in structures. The compensation of all general government env
pioyees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.
August 1998
SURVEY OF CURRENT BUSINESS
•
6l
Table 3.8.—Real Government Consumption Expenditures and Real Gross Investment by Type
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
Government consumption expenditures and
gross investment1.
1
1995
I
II
1997
1996
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
1,252.3 1,254.5 1,268.2 1,285.0 1,255.8 1,256.2 1,259.9 1,257.6 1,244.5 1,254.5 1,276.2 1,271.1 1,271.2 1,277.7 1,284.4 1,288.9 1,289.2 1,283.0 1,294.8
2
486.6
470.6
465.6
458.0
481.7
478.6
476.2
473.1
454.6
463.5
472.6
467.0
459.5
456.3
460.4
458.9
456.5
446.1
453.8
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment
3
4
5
6
7
8
336.9
292.2
22.8
7.8
261.5
129.4
323.5
281.1
20.9
6.3
253.7
122.3
319.1
276.6
20.8
7.0
248.6
117.2
308.9
272.4
20.4
7.0
244.9
112.9
329.6
286.2
21.9
8.2
256.0
126.5
328.3
284.3
21.4
6.3
256.3
124.9
328.4
284.6
19.5
6.6
258.1
123.5
323.9
283.1
23.7
6.7
252.8
122.0
313.3
272.4
18.9
5.7
247.5
119.0
318.7
275.0
19.4
6.6
248.8
118.1
325.0
279.3
21.7
7.6
250.0
118.0
319.8
277.4
22.5
7.9
247.0
117.2
313.0
274.6
19.7
6.0
248.7
115.3
305.0
270.8
20.2
7.0
243.4
114.3
311.7
276.2
21.4
6.8
247.8
113.2
310.2
272.3
19.2
7.1
245.7
112.9
308.7
270.0
20.6
6.9
242.4
111.4
293.3
257.9
20.1
6.7
231.1
110.6
300.0
266.7
19.4
68
240.3
109.1
9
53.5
52.5
51.5
50.5
53.1
52.9
52.6
52.4
52.1
51.9
51.7
51.4
51.1
50.9
50.6
50.3
50.0
49.6
49.3
10
11
12
13
78.6
44.8
50
39.7
78.9
42.4
54
36.9
80.1
42.6
55
37.0
81.8
36.5
45
31.9
76.4
43.4
5.2
38.1
78.5
44.1
5.9
38.0
82.1
43.9
5.2
38.6
78.4
40.8
50
35.7
76.4
40.9
5.4
35.4
78.9
43.8
5.6
38.1
80.5
45.8
6.0
39.7
78.5
42.5
5.3
37.1
82.5
38.4
5.1
33.1
78.4
34.1
4.7
29.2
84.6
35.4
4.4
30.9
82.9
37.9
4.5
33.3
81.5
38.7
4.5
34.2
70.8
35.4
43
31.0
82 4
33.1
39
29 2
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
..
.
Services '.
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital4.
Other services
Gross investment
Structures
Equipment
14
15
16
17
18
149.5
130.4
1.1
6.1
-.6
146.9
127.5
1.0
5.8
-.3
146.2
126.1
1.2
5.2
-.2
148.6
128.7
1.4
6.1
-.1
151.7
131.1
1.2
6.3
-.4
150.0
128.8
1.2
6.3
0
147.6
129.0
1.1
5.2
-.8
148.8
129.9
.9
5.9
-.1
141.1
122.3
.7
5.8
-.1
144.5
124.0
1.4
5.6
-.1
147.3
127.5
1.3
5.2
-.3
146.8
127.0
1.3
4.9
-.3
146.1
125.7
1.0
5.2
-.2
150.7
128.5
1.4
5.8
-.1
148.2
129.0
1.6
5.9
-.2
148.2
128.5
1.3
6.0
-.2
147.3
129.0
1.3
6.6
.2
151.9
130.0
1.5
6.6
0
153.0
133.3
1 6
6.9
.2
19
20
21
6.7
123.2
,65.5
6.0
120.8
62.9
5.5
119.6
61.2
6.2
121.4
60.8
6.6
123.6
64.0
6.3
121.4
63.9
6.1
122.8
64.4
6.0
123.0
64.3
5.8
115.9
58.9
5.7
117.0
60.0
5.5
121.0
62.3
5.3
120.7
61.7
5.4
119.7
60.8
5.9
121.3
61.1
6.1
121.6
61.3
6.2
121.3
61.0
6.5
121.2
59.9
6.5
122.0
60.7
67
125.0
61.6
Federal
22
9.9
10.2
10.6
11.0
10.0
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
11.0
11.1
11.2
11.3
11.4
23
24
25
26
47.9
19.0
9.9
9.1
47.9
19.3
9.9
9.4
48.3
20.2
96
10.7
50.3
19.8
86
11.6
49.9
20.7
11.1
9.6
47.6
21.2
10.7
10.6
48.4
18.4
9.8
8.5
48.7
18.9
10.0
8.8
47.1
18.8
9.2
9.7
47.0
20.5
9.4
11.3
48.5
19.8
9.9
9.9
48.9
19.9
9.6
10.3
48.7
20.4
9.6
11.0
50.0
22.5
9.3
13.8
50.0
19.1
8.5
10.8
50.0
19.6
9.2
10.6
51.1
18.1
7.3
11.3
51.0
22.2
8.8
14.1
53 0
19.5
87
11.1
27
28
29
30
31
32
765.7
6334
13.6
674
552.5
471.6
783.9
644 0
14.0
69 0
561.1
477.8
802.7
6568
14.6
711
571.3
484.5
827.1
672 3
15.1
734
583.9
492.8
774.1
639.0
13.7
68.2
557.2
474.6
777.6
641.0
13.8
68.3
559.0
476.4
783.7
642.8
13.9
68.7
560.2
477.3
784.5
644 3
14.0
69 2
561.3
477.8
790.0
647.8
14.3
69.6
564.1
479.9
791.0
648.1
14.4
70.2
563.7
478.1
803.6
657.9
14.6
70.8
572.7
486.4
804.2
659.1
14.7
71.4
573.2
486.2
811.8
662.2
14.8
72.0
575.5
487.4
821.5
665.9
15.0
72.5
578.5
489.0
824.2
670.1
15.1
73.2
582.0
491.7
830.1
674.7
15.2
73.7
586.0
494.4
832.9
678.5
15.3
74.3
589.1
496.2
837.1
682 8
15.4
74 9
592.7
498.1
841.2
687 4
15.6
75 4
596 5
500.8
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital4.
Other services .
Gross investment
Structures
Equipment
33
49.4
50.9
52.7
54.8
49.9
50.3
50.7
51.1
51.5
52.0
52.5
53.0
53.5
54.0
54.5
55.0
55.6
56.1
56.7
34
35
36
37
32.1
1322
107.1
25.2
33.1
139 9
111.5
28.6
35.0
1458
114.9
31.1
37.7
154 8
121.0
34.3
33.5
135.0
109.6
25.4
33.0
136.6
109.6
27.0
32.9
140.9
112.7
28.2
33.1
1401
111.2
29.1
33.3
142.1
112.3
30.0
34.6
142.9
112.9
30.2
34.7
145.7
115.1
30.8
34.9
145.1
114.0
31.4
35.7
149.6
117.8
32.1
36.8
155.5
122.7
33.0
37.1
154.0
120.6
33.9
38.0
155.3
121.0
34.8
38.9
154.3
119.5
35.5
40.2
154 2
118.5
36.7
41 0
153 8
1173
37.7
Residual
38
-.4
-.8
-1.7
-2.9
-.5
-.5
-.3
-.7
-1.0
-1.7
-1.6
-1.9
-2.0
-2.3
-2.7
-2.6
-4.0
-39
-41
Addenda:
Compensation of general government employees3
Federal
State and local
39
40
41
669.9
195.1
474.8
666.7
185.5
481.3
666.5
178.7
488.1
670.2
174.2
496.7
668.6
190.7
477.9
668.8
189.1
479.7
669.0
188.3
480.8
667.8
186.7
481.2
661.0
177.9
483.4
659.6
178.3
481.6
670.3
180.7
490.0
668.8
179.4
489.8
667.1
176.5
491.1
668.2
175.8
492.9
669.8
174.9
495.5
671.9
174.3
498.3
670.8
171.7
500.0
672.8
171.8
501.9
674.9
171 4
504.5
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines
in the addenda.
Chain-type quantity indexes for the series in this table appear in table 7.11.
See footnotes to table 3.7.
62 • August 1998
SURVEY OF CURRENT BUSINESS
Table 3.9.—Government Consumption Expenditures Gross and Net of Sales by Type
[Billions of dollars]
Line
Government consumption expenditures
Federal
National defense
Durable goods l
Gross consumption expenditures
Less: Sales
Nondurable goods
Gross consumption expenditures
Less: Sales
Services
Gross consumption expenditures
Less: Sales
...
Nondefense
Durable goods'
Gross consumption expenditures
Less: Sales
Nondurable goods
Commodity Credit Corporation inventory change
Gross consumption expenditures
Less* Sales
Other
Gross consumption expenditures
Less: Sales
!.
Services
Gross consumption expenditures
Less: Sales
State and local
Durable goods'
Gross consumption expenditures
Less: Sales
Nondurable goods
Gross consumption expenditures
Less: Sales
Services
Gross consumption expenditures
Less: Sales
Tuition and related educational charges
Health and hospital charges
Other sales
1. Consumption expenditures for durable goods excludes expenditures classified as investment,
except for goods transferred to foreign countries by the Federal Government
1994
1995
1997
1996
1,107.0
1,138.1
1,175.5
443.2
442.8
450.9
460.4
301.6
23.0
298.2
21.1
21.1
0
6.3
6.3
0
270.8
304.1
306.3
20.7
20.7
0
7.4
7.4
0
23.1
0
7.5
7.5
0
21.1
21.2
1,219.2
271.8
.7
271.7
.1
7.6
7.6
0
275.3
276.5
.9
1.2
141.6
1.0
1.7
.8
6.8
-.5
1.7
2.3
7.3
8.0
.7
133.8
137.7
144.7
.8
1.6
.8
6.5
-.2
.3
.6
6.8
7.4
.7
137.3
141.3
146.8
3.9
3.9
143.0
3.0
146.3
148.2
1.9
663.8
695.2
724.7
758.8
13.9
14.9
1.0
67.8
78.4
14.8
15.9
1.1
72.7
83.7
10.6
582.1
10.9
607.7
754.3
15.6
16.7
1.1
77.7
89.1
11.4
631.4
785.5
154.1
34.2
87.7
32.1
271.1
719.6
137.5
30.1
79.1
28.3
146.6
32.0
84.4
30.1
1.0
1.7
.7
5.8
-.4
.2
.5
6.2
7.3
1.2
140.0
278.2
278.9
.7
154.2
1.0
1.7
.7
6.8
-.1
.2
.3
6.9
7.4
.5
16.2
17.3
1.1
79.7
91.5
11.8
662.9
825.1
162.1
36.8
90.5
34.8
SURVEY OF CURRENT BUSINESS
August 1998 •
Table 3.10.—National Defense Consumption Expenditures and Gross Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
1996
1995
I
II
III
IV
I
II
1997
III
IV
I
II
1998
III
IV
I
II
1
349.2
344.4
351.0
346.0
343.6
346.1
348.1
345.5
337.9
350.3
355.6
351.3
346.7
341.1
349.1
347.1
346.5
331.6
339.2
2
3
4
5
6
7
8
9
301.6
298.2
304.1
306.3
297.3
298.7
300.2
301.1
292.7
300.1
305.9
305.5
304.7
303.8
310.4
306.0
304.8
293.3
303.5
Durable goods2
Aircraft .
Missiles
Ships.
Vehicles
Electronics
Other durable goods
23.0
9.4
3.5
1.6
.8
3.1
4.6
21.1
8.9
3.0
1.2
.9
2.5
4.6
21.1
9.0
3.0
,9
.8
25
4.9
20.7
9.6
2.6
.7
.9
26
4.3
21.9
9.1
2.9
1.5
.9
2.9
4.6
21.6
9.9
2.6
1.1
.9
2.6
4.5
19.8
7.0
3.3
1.3
1.0
2.4
4.8
23.9
10.5
3.6
1.6
1.1
2.7
4.4
19.0
8.0
2.7
.9
.7
2.2
4.6
19.8
8.8
2.7
.7
.8
2.2
4.6
22.0
9.0
3.2
.9
.7
2.8
5.4
22.7
9.3
3.4
1.3
.9
2.8
5.1
19.9
9.0
2.7
.6
.8
2.2
4.7
20.5
9.7
2.5
.7
.9
2.6
4.2
21.7
10.3
2.6
.7
.9
2.7
4.5
19.6
8.7
2.5
.7
.9
2.7
4.1
20.8
9.7
2.7
.7
1.0
2.4
4.4
20.4
9.3
2.4
7
1.0
26
4.4
19.5
95
2.3
5
6
21
4.4
WOl mUf ilOfc OtffJOS
10
7.5
6.3
7.6
7.4
8.2
6.1
6.6
6.7
5.9
7.0
8.1
8.5
6.9
7.9
7.2
7.4
7.2
6.5
6.5
11
12
13
3.0
1.7
2.8
2.8
1.2
2.4
3.4
1.3
2.9
2.9
1.5
3.0
2.8
2.3
2.6
1.1
2.3
2.8
1.3
2.5
3.3
1.1
2.3
2.4
1.1
2.4
3.1
1.4
2.4
3.4
1.6
3.1
4.1
1.3
3.2
3.0
.9
3.0
3.1
1.7
3.0
3.1
1.5
2.7
3.1
1.2
3.2
2.5
1.7
3.1
2.0
1.4
3.1
20
1.3
3.2
14
271.1
270.8
275.3
278.2
271.0
273.8
270.5
267.8
273.4
275.7
274.2
278.0
275.5
281.4
279.1
276.7
266.4
277.6
15
133.8
131.2
133.8
133.3
132.6
131.0
131.2
130.0
133.8
134.1
134.2
133.0
134.6
133.5
133.1
131.9
133.4
131.8
16
17
18
83.9
49.9
56.7
81.5
49.6
57.3
84.3
49.5
56.8
84.2
49.1
56.3
82.2
49.3
56.8
82.2
50.4
57.1
81.6
49.4
57.4
81.7
49.5
57.3
80.7
49.2
57.5
83.9
49.9
57.0
84.3
49.8
57.0
84.6
49.6
56.6
84.3
48.7
56.7
84.7
49.9
56.7
84.1
49.4
56.7
84.1
48.9
56.0
83.7
48.2
55.7
85.0
48.4
55.3
844
47.4
54.8
19
20
21
22
23
24
25
26
805
25.0
26.1
8.4
16.9
3.8
4.4
-4,0
823
22.8
26.7
7.6
18.2
4.3
4.2
-1.6
847
25.9
27.2
5.7
18.8
4.9
4.0
-1.9
886
28.9
26.3
6.4
20.1
4.6
3.6
-1.3
78.9
23.6
26.2
7.9
17.8
3.6
3.8
-4.0
81.3
22.7
26.6
7.7
17.9
3.8
4.1
-1.5
85.4
24.2
27.2
8.0
18.2
4.2
4.3
-.6
82.0
22.5
26.7
7.6
18.4
4.3
4.3
-1.8
80.3
21.9
26.1
7.1
18.4
4.9
4.2
-2.3
82.6
23.9
26.2
6.1
18.8
5.0
4.2
-1.5
84.6
25.1
27.8
5.4
18.7
5.1
4.0
-1.5
83.4
25.5
27.5
5.0
18.5
4.9
3.9
-2.1
88.3
29.0
27.5
6.3
19.2
4.7
3.8
-2.3
84.2
26.5
25.8
5.3
19.4
4.6
3.7
-1.3
91.2
31.3
26.8
6.3
19.7
4.5
3.6
-1.0
90.0
29.3
26.9
6.9
20.4
4.5
3.6
-1.5
89.1
28.6
25.7
7.0
21.0
4.7
3.6
-1.4
777
22.0
25.1
5.6
18.6
4.6
3.5
-18
National defense consumption expenditures
and gross investment'.
Consumption expenditures
Petroleum products
Ammunition
Other nondurable goods
Services
.
....
Compensation of general government
employees, except force-account
construction3.
Military
Civilian
Consumption of general government fixed
capital4.
Other services
Research and development
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
Other
3.1
267.2
131.5
91 0
*'•27 0
67
22.0
47
3.5
-9
27
47.6
46.2
46.9
39.7
46.3
47.4
47.9
44.5
45.2
50.2
49.8
45.8
42.0
37.3
38.7
41.1
41.7
38.3
Structures
28
5.8
6.3
6.7
5.7
6.1
6.9
6.1
6.0
6.5
6.7
7.2
6.5
6.4
5.8
5.6
5.7
5.7
5.4
4.9
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
29
30
31
32
33
34
35
41.8
104
5.7
8.1
1.0
40
12.6
39.9
9.0
4.7
8.0
1.1
35
13.6
40.2
9.2
4.3
68
1.1
35
15.3
34.0
6.0
3.0
61
1.5
36
13.9
40.2
11.5
4.8
7.1
1.0
3.7
12.2
40.5
9.3
4.1
8.7
1.2
3.9
13.3
41.8
9.1
5.8
8.5
1.0
3.2
14.1
38.5
8.1
5.1
7.6
1.2
3.7
13.0
38.7
9.5
3.7
7.2
1.0
3.2
14.2
43.5
13.7
4.4
7.0
1.3
3.2
13.9
42.6
9.9
4.7
7.2
1.2
3.7
15.9
39.3
7.6
4.5
6.6
1.1
3.9
15.6
35.6
5.4
3.7
6.3
1.0
3.2
15.8
31.4
4.7
2.9
5.6
1.4
3.7
13.2
33.2
3.7
2.9
6.7
1.5
3.8
14.7
35.4
7.1
3.1
6.4
1.5
3.6
13.6
36.1
8.3
3.1
5.8
1.4
32
14.3
32.9
51
3.2
63
1.3
34
13.6
30.8
42
28
61
16
29
13.1
36
133.9
131.2
133.8
133.3
131.5
132.6
131.0
131.2
130.0
133.8
134.1
134.2
133.0
134.6
133.5
133.1
131.9
133.5
131.8
Addendum:
Compensation of general government employees3
35.7
1. Gross government investment consists of general government and government enterprise expenditures for fixed for goods and services are classified as investment in structures. The compensation of all general government emassets; inventory investment is included in government consumption expenditures.
ployees is shown in the addendum.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
transferred to foreign countries.
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
3. Compensation of government employees engaged in new force-account construction and related expenditures
return on these assets.
64
• August 1998
SURVEY OF CURRENT BUSINESS
Table 3.11.—Real National Defense Consumption Expenditures and Real Gross Investment
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
I
IV
1996
1995
1994
II
III
I
IV
II
1997
III
IV
I
II
1998
III
IV
I
II
1
336.9
323.5
319.1
308.9
329.6
328.3
328.4
323.9
313.3
318.7
325.0
319.8
313.0
305.0
311.7
310.2
308.7
293.3
300.0
Consumption expenditures
2
292.2
281.1
276.6
272.4
286.2
284.3
284.6
283.1
272.4
275.0
279.3
277.4
274.6
270.8
276.2
272.3
270.0
257.9
266.7
Durable goods 2
Aircraft
.
MissilGS
Ships
Vehicles
Electronics
Other durable goods
3
4
5
6
7
8
9
22.8
9.2
3.6
1.6
8
3.1
4.5
20.9
8.6
3.3
1.2
.9
2.5
4.4
20.8
87
3.2
.8
7
2.6
4.7
20.4
9.4
2.7
.7
.8
2.8
4.1
21.9
8.9
3.2
1.5
.9
2.9
4.5
21.4
9.7
2.7
1.1
.9
2.7
4.3
19.5
6.9
3.4
1.2
1.0
2.4
4.6
23.7
10.2
3.9
1.5
1.1
2.7
4.2
18.9
7.7
3.0
.8
.7
2.2
4.4
19.4
8.5
2.8
.7
.8
2.3
4.4
21.7
8.6
3.5
.9
.6
3.0
5.1
22.5
9.0
3.7
1.2
.8
2.9
4.8
19.7
8.7
2.9
.5
.7
2.3
4.5
20.2
9.4
2.6
.7
.8
2.7
3.9
21.4
10.0
2.8
.7
.8
2.9
4.2
19.2
8.5
2.6
.7
.8
2.9
3.8
20.6
9.6
.6
.8
2.6
4.2
20.1
9.1
2.5
.7
.8
2.8
4.2
19.4
9.3
2.4
.5
6
2.3
4.2
National defense consumption expenditures
and gross investment1.
Nondurable goods
Petroleum products
Ammunition
.
Other nondurable goods
Services
Compensation of general government
employees, except force-account
construction3.
Military
Civilian
Consumption of general government fixed
capital4.
Other services
Research and development
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
Other
n
10
7.8
6.3
7.0
7.0
8.2
6.3
6.6
6.7
5.7
6.6
7.6
7.9
6.0
7.0
6.8
7.1
6.9
6.7
6.8
11
12
13
3.4
1.7
2.8
3.1
1.1
2.3
3.1
12
2.8
2.8
1.4
2.8
3.0
2.1
3.1
3.1
1.0
2.2
3.1
1.2
2.4
3.6
1.0
2.2
2.5
1.0
2.2
3.1
1.3
2.3
3.2
1.5
2.9
3.7
1.2
3.0
2.4
.8
2.8
2.6
1.6
2.8
3.0
1.4
2.6
3.2
1.1
3.0
2.5
1.6
2.9
2.5
1.3
2.9
2.7
12
3.0
14
261.5
253.7
248.6
244.9
256.0
256.3
258.1
252.8
247.5
248.8
250.0
247.0
248.7
243.4
247.8
245.7
242.4
231.1
240.3
15
129.4
122.3
117.2
112.9
126.5
124.9
123.5
122.0
119.0
118.1
118.0
117.2
115.3
114.3
113.2
112.9
111.4
110.6
109.1
16
17
18
842
45.2
53.5
798
42.6
52.5
76 9
40.4
51.5
74.8
38.3
50.5
822
44.3
53.1
81.3
43.6
52.9
80.5
43.1
52.6
79.2
42.8
52.4
78.3
40.8
52.1
77.7
40.5
51.9
77.0
41.1
51.7
76.7
40.6
51.4
76.1
39.4
51.1
75.4
39.0
50.9
74.7
38.6
50.6
74.9
38.2
50.3
74.3
37.3
50.0
738
37.0
49.6
731
36.3
49.3
19
20
21
22
23
24
25
26
78.6
24 9
25.0
80
16.8
3.8
4.2
-40
78.9
23.0
24.7
7.1
17.3
4.3
3.9
-15
80.1
262
24.9
52
17.0
4.9
3.8
-1 7
81.8
28.5
23.8
5.6
17.5
4.5
3.4
-1.1
76.4
23.5
24.7
7.5
17.4
3.6
3.7
-3.9
78.5
22.8
25.0
7.2
17.3
3.8
3.9
-1.5
82.1
24.5
25.2
7.5
17.4
4.2
3.9
-.6
78.4
22.7
24.5
7.1
17.5
4.3
3.9
-1.7
76.4
22.0
24.1
6.6
17.1
4.8
4.0
-2.2
78.9
24.1
24.2
5.7
17.4
5.0
4.0
-1.4
80.5
25.6
25.5
5.0
17.1
5.1
3.8
-1.4
78.5
25.9
25.0
4.5
16.7
4.9
3.6
-1.9
82.5
29.1
25.0
5.7
16.9
4.7
3.6
-2.0
78.4
26.5
23.5
4.7
17.0
4.6
3.5
-1.1
84.6
31.0
24.4
5.5
17.2
4.4
3.4
-.9
82.9
28.7
24.3
6.1
17.8
4.3
3.3
-1.3
81.5
27.9
23.1
6.1
18.0
4.6
3.3
-1.2
70.8
21.4
22.6
4.9
15.8
4.5
3.1
-1.5
82.4
27 2
24.1
58
18.5
4.5
3.1
-8
33.1
27
44.8
42.4
42.6
36.5
43.4
44.1
43.9
40.8
40.9
43.8
45.8
42.5
38.4
34.1
35.4
37.9
38.7
35.4
Structures
28
5.0
5.4
5.5
4.5
5.2
5.9
5.2
5.0
5.4
5.6
6.0
5.3
5.1
4.7
4.4
4.5
4.5
4.3
3.9
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
29
30
31
32
33
34
35
39.7
8.9
56
7.7
9
4.2
12.2
36.9
7.2
4.7
7.2
1.0
3.9
13.0
37.0
6.9
4.6
6.1
1.0
4.4
14.4
31.9
4.9
3.1
5.4
1.3
4.9
13.0
38.1
9.7
4.9
6.7
.9
4.0
11.8
38.0
7.9
4.2
7.9
1.1
4.3
12.7
38.6
7.2
5.9
7.6
.9
3.6
13.5
35.7
6.5
5.2
6.7
1.1
4.2
12.3
35.4
7.2
3.7
6.4
.9
3.7
13.5
38.1
8.8
4.7
6.2
1.2
3.9
13.1
39.7
8.1
4.8
6.5
1.1
4.6
14.9
37.1
6.4
4.8
5.9
1.0
5.0
14.7
33.1
4.3
4.0
5.7
.9
4.2
14.9
29.2
3.7
3.0
4.9
1.2
4.9
12.4
30.9
2.9
2.9
5.9
1.4
5.2
13.7
33.3
5.9
3.3
5.6
1.4
5.1
12.7
34.2
7.0
3.2
5.1
1.3
4.6
13.4
31.0
4.2
3.2
5.6
1.2
5.0
12.7
29.2
3.4
30
5.5
14
4.4
12.2
Residual
36
1
0
-7
-1.5
.2
.3
0
-2
.4
-.1
-.8
-1.0
-1.3
-.9
-2.0
-1.5
-1.4
-.9
-1 1
Addendum:
Compensation of general government employees3
37
129.4
117.2
112.9
126.5
124.9
122.0
119.0
118.1
118.0
117.2
115.3
114.3
113.2
112.9
111.4
110.6
109.1
Gross investment
122.3
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the line
123.5
in the addendum.
Chain-type indexes for the series in the table appear in table 7.12.
See footnotes to table 3.10.
August 1998
SURVEY OF CURRENT BUSINESS
Table 3.12.—Government Transfer Payments to Persons
Table 3.13.—Subsidies Less Current Surplus of Government Enterprises
[Billions of dollars]
[Billions of dollars]
Line
1994
1995
1
930.9
2
666.6
708.9
748.0
779.2
Benefits from social insurance funds
Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance ..
•.. Unemployment insurance
State
Railroad employees
Federal employees
Special unemployment benefits
Federal employee retirement
Civilian1
Military2
Railroad retirement
Pension benefit guaranty
Veterans life insurance
Workers' compensation
Military medical insurance3
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
574.7
312.1
160.9
23.9
21.5
.1
.7
1.7
64.1
37.2
27.0
8.0
.4
1.9
1.9
1.4
610.4
327.6
180.2
21.7
21.0
.1
.7
643.6
342.0
196.0
22.2
21.5
.1
.6
672.8
356.7
209.2
20.2
19.6
.1
.5
67.3
39.1
28.1
8.0
.5
1.9
1.9
1.3
69.6
40.4
29.2
8.1
.6
2.0
1.9
1.2
73.1
42.6
30.5
8.2
.4
1.9
1.9
1.2
Veterans benefits
Pension and disability
Readjustment
Other4
19
20
21
22
17.9
17.0
.9
18.6
17.5
1.1
19.3
18.2
1.1
20.3
19.0
1.2
Food stamp benefits
Black lung benefits
Supplemental security income
Direct relief
Earned income credit
Other5
23
24
25
26
27
28
22.8
1.3
22.2
22.4
1.2
23.9
22.0
1.2
25.3
18.7
1.1
25.4
11.7
16.1
15.3
17.0
19.7
17.0
21.7
19.1
29
264.3
281.2
293.5
304.1
30
31
32
33
34
35
36
37
38
39
40
41
42
43
71.1
60.3
2.2
8.6
180.9
141.7
24.3
3.8
3.4
2.0
5.7
7.6
1.1
3.7
77.3
66.5
2.1
8.7
190.1
151.3
23.3
3.8
3.4
1.5
6.9
8.7
1.2
3.9
82.7
71.7
2.1
8.9
196.7
159.9
21.6
3.6
3.5
1.4
6.6
9.0
1.1
4.1
89.4
78.3
2.0
9.0
200.7
165.1
19.7
3.8
3.7
1.4
7.0
8.6
1.0
4.4
Line
990.1 1,041.5 1,083.3
Government transfer payments to persons
Federal
[
State and local
Benefits from social insurance funds
State and local employee retirement
Temporary disability insurance
Workers' compensation
Public assistance
Medical care .
Family assistance6
Supplementalsecurity income7
General assistance
Energy assistance
Other5
Education
Employment and training
1996
1997
1. Consists of civil service, foreign service, Public Health Service officers, Tennessee Valley Authority, and several
small retirement programs.
2. Includes the Coast Guard.
3. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities.
4. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits.
5. Consists largely of payments to nonprofit institutions, aid to students, and payments for medical services for
retired military personnel and their dependents at nonmilitary facilities.
6. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
7. Prior to 1974, consists of old-age assistance, aid to the blind, and aid to the permanently and totally disabled,
which were partly federally funded.
8. Consists of emergency assistance, medical insurance premium payments paid on behalf of indigents, and payments to nonprofit welfare institutions.
9. Consists largely of foster care, veterans benefits, Alaska dividends, and crime victim payments.
Subsidies less current surplus of government enterprises
1994
1995
1996
1997
26.6
32.5
33.8
7.4
24.6
.3
0
1.6
-1.0
-5.8
2.5
2.1
.2
33.7
7.8
24.5
.2
0
1.1
1.0
-4.1
3.0
2.0
0
33.0
8.1
23.7
.1
0
1.0
.5
-5.4
3.1
2.3
.6
-9.7
-10.7
-10.6
.4
9.7
3.6
6.7
1.8
.5
1.5
-2.3
-12.7
10.5
Subsidies
Less: Current surplus of government enterprises
Water and sewerage
Gas and electricity
Toll facilities
Liquor stores
Air and water terminals
Housing and urban renewal
Public transit
Other3
32.7
-9.3
State and local
21.9
34.8
33.4
7.9
23.1
.2
0
2.2
-2.6
-7.6
2.5
1.9
.7
Subsidies
Agricultural
Housing
Maritime
Air carriers
Other1
Less: Current surplus of government enterprises
Postal Service
Federal Housing Administration
Tennessee Valley Authority
Other2
;.
22.0
35.9
Federal
25.1
.3
10.1
3.4
7.0
1.8
.6
1.3
-2.2
-13.2
11.3
.4
11.0
2.8
7.5
1.9
.7
.4
10.9
2.8
7.7
2.0
.7
1.2
-2.9
-14.1
13.6
1.1
-1.6
-13.6
12.2
1. Consists largely of subsidies to railroads and mass transit systems.
2. Consists largely of the Bonneville Power Administration, other electric power agencies, and insurance agencies
other than those insuring deposits in financial institutions.
3. Consists of lotteries, off-track betting, local parking, and miscellaneous activities.
Table 3.14.—Social Insurance Funds Receipts and Current Expenditures
[Billions of dollars]
Line
1994
1995
1996
1997
Federal
1
675.5
708.8
753.4
557.1
582.4
610.2
647.0
3
4
5
6
Personal contributions
Employer contributions
Government
Other
643.7
2
Receipts
Contributions for social insurance
256.1
301.0
95.9
205.1
271.5
310.8
95.8
215.0
283.7
326.5
100.8
225.7
303.0
344.1
103.5
240.6
7
106.4
6542
6831
9.8
574 7
10.3
6104
10.6
6436
10.3
6728
59 2
547
546
703
146.0
158.7
1606
165 6
13
Current surolus or deficit (-)
98.7
620.7
12
Administrative expenses (consumption expenditures)
Transfer payments to persons
93.1
584.5
9
10
11
Current expenditures
86.5
8
Interest received
734
765
778
79 9
14
15
16
17
21.4
52.0
43.7
83
22.0
54.5
46.4
81
22.6
55.1
47.4
78
23.3
56.7
49.4
73
18
72 6
82 2
82 8
85 7
19
77.1
84.1
90.2
97 5
20
21
5.9
71.1
6.8
773
7.5
82 7
8.1
894
22
68.9
74.6
70.4
68.1
State and local
Receipts
Contributions for social insurance
Personal contributions
Employer contributions
Government
Other
Interest and dividends received
Current expenditures
Administrative expenses (consumption expenditures)
Transfer payments to persons
Current surplus or deficit (—)
....
NOTE.—In this table, interest and dividends received is included in receipts; in tables 3.1, 3.2, 3.3, 3.15, 3.16,
3.17, 3.18,3.19, 9.3 and 9.4, interest received and dividends received are netted against expenditures.
66 • August 1998
SURVEY OF CURRENT BUSINESS
4. Foreign Transactions.
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
1
897.7
1,044.6
2
3
4
5
6
721.2
5096
349.3
160.3
211.6
819.4
5838
394.3
189.6
235.6
Receipts of factor income .. .
7
176.5
225.2
Capital grants received by the United States (net)
8
Receipts from the rest of the world
Exports of goods and services
Goods'
Durable
Nondurable
Services'
0
0
1,109.3 1,230.9
958.2
873.8
618.3
421.6
196.7
255.5
965.4
688.3
483.0
205.3
277.1
763.7
544.6
367.4
177.2
219.0
235.5
265.5
194.6
0
0
1,109.3 1,230.9
1995
I
1997
1996
lit
IV
I
H
III
1,092.3
1,096.1
I
IV
II
803.4
574.2
386.6
187.6
229.3
835.1
593.3
400.7
192.6
241.7
851.5
604.8
409.9
194.9
246.7
856.6
609.9
412.7
197.2
246.7
863.0
609.5
414.8
194.8
253.4
861.4
612.6
419.2
193.3
248.9
914.2
641.2
439.9
201.4
273.0
930.2
661.4
459.4
202.0
268.8
961.1
682.9
478.7
204.2
278.2
981.7
700.2
495.3
204.9
281.5
988.6
708.9
498.7
210.2
279.7
973.3
694.5
495.4
199.2
278.8
216.9
227.4
224.6
231.6
229.7
229.3
234.7
248.2
253.1
268.3
274.3
266.3
270.3
0
0
0
0
0
0
1,004.7 1,030.8 1,059.7 1,083.1 1,086.3 1,092.3
0
0
0
0
0
11
12
13
14
10
812.1
6768
453.6
223.1
135.3
903.3
7576
510,3
247.3
145.7
965.0
809.0
533.6
275.4
156.0
1,058.8
888.3
589.5
298.8
170.4
859.2
721.7
489.8
231.9
137.5
882.5
7403
500.2
240.1
142.2
911.4
7661
513.6
252.4
145.3
909.6
762.5
511.7
250.8
147.1
909.9
761.6
515.8
245.8
148.2
932.3
780.2
524.5
255.7
152.1
957.0
802.7
529.3
273.5
154.2
976.9
818.3
539.3
279.0
158.6
993.8
834.8
541.4
293.4
159.0
Payments of factor income
15
168.3
207.6
223.1
273.5
193.5
198.4
205.0
216.2
210.9
210.0
215.2
229.5
237.6
255.6
269.4
Transfer payments (net)
From persons (net)
From government (net)
From business
16
17
18
19
37.3
14.2
16.4
6.8
34.2
15.7
11.4
7.1
40.4
16.9
16.2
7.3
39.5
18.9
12.7
8.0
47.3
14.4
25.8
7.1
34.5
15.2
11.9
7.4
32.4
14.8
10.8
6.9
34.0
15.6
11.2
7.2
35.9
17.2
11.6
7.0
41.8
15.8
19.0
7.0
35.0
16.6
11.0
7.4
35.9
16.6
11.8
7.4
48.9
18.5
22.8
7.6
35.1
18.0
9.5
7.6
36.0
18.2
9.9
8.0
20
-120:0
-100.6
-119.2
-140.9
-141.8
-110.7
-118.0
-100.1
-73.5
-97.8
-114.9
-146.2
-118.0
-130.9
-123.9
Net foreign investment
. ..
1,096.1
0
948.6
6668
472.4
194.4
2819
0
0
1,162.4 1,183.3 1,229.4 1,256.0 1,254.9 1,243.6
1,044.6
Durable
Nondurable
Services •
II
1,162.4 1,183.3 1,229.4 1,256.0 1,254.9 1,243.6
787.8
5631
379.9
183.2
224.7
1,083.1 1,086.3
897.7
Sods 1
I
IV
1,059.7
9
Payments to the rest of the world
1998
III
1,004.7 1,030.8
0
958.2
II
1,023.5 1,047.9 1,076.4
859.1
879.2
902.7
565.1
583.7
600.5
293.9
295.5
302.3
164.4
168.7
173.6
1,087.4
912.4
608.7
303.7
174.9
1,097.1
9209
625.6
295.2
176.2
283.0
285.9
285.1
37.6
19.5
9.9
8.1
49.4
19.8
21.5
8.1
37.0
19.2
9.9
7.9
-141.0
-167.8
-175.6
IV
I
1,115.3
9374
638.1
299.3
177.9
38.0
19.9
9.5
8.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
Table 4.2.—Real Exports and Imports of Goods and Services and Receipts and Payments of Factor Income
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
214.8
238.0
889.0
749.7
5123
11
139.7
971.2
824.7
571.7
253.4
147.3
1,106.1
945.7
667.7
280.3
161.8
12
160.0
191.9
200.9
240.7
181.4
185.3
10
2372
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
833.6
608.9
442.0
169.3
225.6
II
845.5
615.0
453.4
165.4
231.2
III
849.9
626.4
465.1
165.9
225.3
208.9
214.3
211.1
209.9
213.5
888.7
750.8
512.5
238.1
138.4
893.1
754.1
512.2
241.4
139.5
900.9
759.9
524.0
236.1
141.3
929.1
785.0
543.8
241.5
144.5
958.9
813.5
561.7
251.9
146.0
990.0
841.3
583.2
258.5
149.5
190.1
199.1
193.1
190.8
194.6
206.1
203.9
873.4
734.2
500.6
233.3
139.6
209.9
817.0
684.1
4560
2278
133.2
I
212.4
184.2
168.4
7
8
9
IV
826.1
598.9
433.5
167.5
227.9
853.2
720.4
489.7
230.4
133.2
6
Imports of goods and services
1997
1996
III
806.3
582.4
419.2
164.9
224.4
774.0
561.0
400.7
161.4
213.6
860.0
629.4
464.1
169.3
231.8
Receipts of factor income
II
763.9
552.4
390.3
162.7
212.1
747.3
540.4
376.9
163.6
207.5
792.6
5737
410.9
164.1
219.5
1
2
3
4
5
Payments of factor income
I
712.4
5098
356.5
1535
202.9
Exports of goods and services
Goods'
Durable
Nondurable
Services'
Durable
Nondurable
Services1
970.0
726.5
554.5
180.8
247.0
1995
IV
I
II
1998
III
911.1
667.4
495.7
176.7
244.9
929.4
691.4
521.0
177.2
240.7
963.6
719.1
548.6
179.2
247.5
988.1
740.6
570.4
180.4
251.1
224.5
227.8
241.0
245.6
1,007.0 1,050.9 1,095.2 1,130.5
937.4
896.8
859.0
966.7
659.2
633.8
598.1
6812
261.7
287.7
265.2
280.0
159.2
155.3
149.0
165 2
212.0
226.1
237.5
248.9
998.8
754.9
578.1
186.3
248.6
991.9
748.5
577.9
181.1
247.8
237.6
II
241.0
971.3
724 3
554.1
1793
249.8
1,147.8 1,190.4 1,224.2
981.8 1,021.0 .1,055.3
7504
7269
696.6
288.1
297.6
3084
167.5
171.3
171 6
250.5
249.6
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Chain-type quantity indexes for the series in this table appear in table 7.9.
August 1998 •
SURVEY OF CURRENT BUSINESS
67
Table 4.3—Exports and Imports of Goods and Services by Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
I
III
763.7 787.8
544.6 563.1
48.4
47.9
126.9 . 137.4
48.2
44.6
89.2
82.3
213.2 219.4
25.6
29.5
36.4
35.6
148.1 157.5
64.0
62.0
62.9
63.3
32.2
32.6
30.3
31.1
31.5
30.9
15.7
15.5
15.7
15.5
219.0 224.7
12.8
10.1
803.4
574.2
48.6
141.7
49.8
91.9
228.4
27.0
37.5
163.9
59.9
64.2
32.8
31.4
31.4
15.7
15.7
229.3
13.5
835.1
593.3
52.8
143.8
51.8
92.1
239.5
26.4
41.0
172.1
61.3
65.1
32.6
32.4
30.8
15.4
15.4
241.7
14.7
1998
I
II
III
IV
I
II
III
IV
I
II
851.5
604.8
52.6
142.0
495
92.5
247.8
25.6
43.7
178.5
62.1
65.6
33.2
32.4
34.7
17.4
17.4
246.7
14.0
856.6
609.9
56.7
140.5
49.7
90.7
250.1
26.7
45.2
178.2
62.8
68.4
34.3
34.0
31.5
15.7
15.7
246.7
13.0
863.0
609.5
56.4
138.0
51.1
86.9
247.6
28.5
43.2
176.0
63.7
69.6
35.2
34.3
34.2
17.1
17.1
253.4
13.9
861.4
612.6
54.3
139.6
51.1
88.5
248.4
29.8
43.1
175.5
67.3
69.6
35.8
33.8
33.5
16.7
16.7
248.9
14.1
914.2
641.2
54.7
146.1
51.9
94.2
266.5
38.2
43.4
184.9
66.4
73.0
37.8
35.2
34.5
17.3
17.3
273.0
17.4
930.2
661.4
52.5
147.4
53.2
94.2
278.6
40.1
46.9
191.6
71.2
75.4
38.2
37.1
36.4
18.2
18.2
268.8
16.2
961.1
682.9
50.1
153.3
55.6
97.7
290.4
39.0
49.6
201.8
73.5
78.2
40.5
37.7
37.4
18.7
18.7
278.2
19.0
981.7
700.2
49.4
155.1
55.7
99.4
305.7
42.8
51.9
211.0
74.8
77.5
40.3
37.2
37.7
18.9
18.9
281.5
18.9
988.6
708.9
54.0
154.4
55.8
98.6
306.5
43.6
49.1
213.9
76.6
78.8
40.5
38.3
38.5
19.2
19.2
279,7
15.8
973.3
694.5
49.8
148.6
56.4
92.1
302.0
48.9
45.5
207.7
77.7
78.3
40.2
38.1
38.1
19.1
19.1
278.8
17.9
948.6
666.8
44.9
146.1
54 6
91.5
286.3
44.5
44.2
197 6
71.5
78.1
40.1
38.0
39.9
20.0
20.0
281.9
15.5
IV
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
721.2
509.6
420
115.7
413
745
205.2
31.5
33.3
1405
57.8
60.0
30.6
29.4
28.9
14.5
14.5
211.6
10.9
819.4
583.8
50.5
141.3
49.8
91.4
233.8
26.1
39.7
168.0
61.8
64.4
32.8
31.6
32.1
16.0
16.0
235.6
13.8
873.8
618.3
55.5
141.0
51.0
90.1
253.1
30.8
43.7
178.6
65.0
70.1
35.8
34.3
33.4
16.7
16.7
255.5
14.6
20
21
22
23
24
25
26
27
28
29
58.4
17.1
24.9
111
59.9
177
812.1
676.8
31 0
105.0
63.4
18.9
26.8
30.3
63.6
18.9
903.3
757.6
33.2
119.9
69.8
73.3
20.4
20.9
27.9
27.0
33.7
32.8
82.2
70.8
20.0
21.6
965.0 1,058.8
809.0 888.3
39.7
35.7
125.2 135.4
59.2
17.3
26.5
24.0
62.8
19.0
859.2
721.7
31.9
114.4
59.5
18.2
25.9
28.9
61.1
18.4
882.5
740.3
34.2
118.5
60.2
18.0
27.0
29.7
62.4
18.5
911.4
766.1
32.6
122.6
65.4
19.5
26.8
31.3
64.7
19.3
909.6
762.5
33.0
119.6
68.5
20.0
27.5
31.3
66.0
19.3
909.9
761.6
32.9
119.1
67.4
20.0
26.0
32.0
68.5
20.0
932.3
780.2
34.4
121.2
70.6
20.2
26.9
32.0
70.1
19.7
957.0
802.7
35.8
123.0
64.7
19.5
26.7
33.0
70.8
20.1
976.9
818.3
35.8
127.3
76.4
74.2
72.8
73.3
72.8
72.8
75.4
22.0
20.5
20.8
21.4
20.8
21.5
22.1
28.5
27.8
27.7
27.9
27.2
28.3
27.8
33.2
34.3
33.6
34.3
33.5
33.1
33.1
74.1
77.0
81.0
84.7
84.4
86.0
85.7
20.4
21.3
21.7
21.7
21.9
21.8
111
993.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,115.3
834.8 859.1 879.2 902.7 912.4 920.9 937.4
38.1
36.8
39.9
40.5
403
41.7
414
129.1 131.2 133.7 137.8
139.0 141.3 145.8
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
53.5
514
51.3
184.4
11,3
46.2
126.9
118.3
146.3
111
69.1
406
20.3
20.3
135.3
10.3
438
12.9
11Z
5.6
29.4
6.1
59.8
60.2
56.2
221.4
10.7
56.3
154.4
123.8
160.0
838
76.2
43.1
21.5
21.5
145.7
10.0
44.9
14.7
27.4
6.9
35.4
6.3
63.1
62.1
72.7
229.1
12.7
61.5
154.9
128.9
171.1
89.4
81.7
46.3
23.1
23.1
156.0
11.1
48.0
15.8
27.7
7.9
38.8
6.7
69.3
66.2
71.8
254.2
16.6
70.2
167.4
140.8
193.0
985
94.5
534
26.7
26.7
170.4
11.5
51.2
18.2
29.3
9.4
43.8
7.0
58.8
55.6
51.1
199.9
11.8
51.0
137.1
128.5
154.5
81.8
72.6
41.5
20.7
20.7
137.5
9.5
43.9
12.9
27.8
5.7
31.4
6.3
61.0
57.5
52.3
206.4
10.6
50.8
145.1
129.1
158.9
83.3
75.6
40.7
20.4
20.4
142.2
10.1
43.9
13.6
27.4
6.3
34.4
6.5
61.2
61.4
59.4
219.4
11.2
53.7
154.5
126.6
161.8
84.6
77.2
43.8
21.9
21.9
145.3
9.9
45.2
14.6
27.6
6.6
35.2
6.2
58.5
61.1
57.7
226.8
10.4
58.1
158.3
120.5
162.0
84.4
77.5
43.0
21.5
21.5
147.1
9.9
44.3
15.0
27.9
7.1
36.6
6.4
58.4
60.7
55.2
233.1
10.6
62.6
159.9
119.0
157.5
82.9
74.6
44 9
22.4
22.4
148.2
10.1
46.2
15.4
26.9
7.7
35.6
6.3
59.6
61.6
58.6
232.7
10.9
61.8
160.0
123.7
164.3
86.0
78.4
45.2
22.6
22.6
152.1
10.9
47.8
15.4
26.4
7.2
37.8
6.5
62.4
60.6
74.3
226.3
12.8
60.7
152.8
129.6
167.3
87.8
79.5
46.4
23.2
23.2
154.2
11.0
47.1
15.6
28.3
7.4
38.4
6.6
65.0
62.3
75.3
225.9
13.1
60.9
152.0
133.3
174.1
91.9
82.3
46.5
23.2
23.2
158.6
11.3
48.6
16.0
28.3
9.1
38.6
6.8
65.5
63.6
82.7
231.3
14.0
62.6
154.7
129.2
178.7
92.0
86.8
47.1
23.5
23.5
159.0
11.1
48.8
16.3
27.9
7.7
40.4
6.9
66.0
65.2
77.4
239.4
13.7
66.7
159.0
141.4
182.2
93.7
88.5
49.3
24.7
24.7
164.4
11.2
50.9
17.2
28.5
8,4
41.2
6.9
68.9
64.8
70.7
251.7
15.6
70.4
165.7
139.0
191.7
97.9
93.8
52.5
26.2
26.2
168.7
10.8
51.1
18.7
29.6
8.7
43.0
6.9
70.4
67.4
70.3
260.9
19.0
72.8
169.1
141.7
196.0
99.6
96.3
555
27.8
27.8
173.6
11.8
51.6
18.8
29.1
10.2
45.0
7.2
71.8
SI 2
68.6
264.8
18.1
70.9
175.8
141.0
202.3
102 9
99.4
565
28.2
28.2
174.9
12.2
51.3
18.2
299
10.3
45 9
7.1
73.4
67.9
54.9
268.9
17.9
72.4
178.7
148.0
209.3
107 0
102.3
567
28.4
28.4
176.2
12.6
52.7
18.3
29.1
11.5
44.9
7.2
77.7
681
54.8
274.3
21.3
72.7
180.2
144.5
217.5
1121
105.4
592
29.6
29.6
177.9
12.6
536
18.8
298
10.3
45 7
7.2
52
53
54
47.1
4625
625.5
57.2
526.6
701.5
61.5
556.8
736.3
58.4
6299
816.6
53.9
490.7
670.6
55.6
507.5
687.9
54.9
519.2
706.7
58.5
534.8
704.8
59.9
544.9
706.4
64.2
545.6
721.6
61.6
547.9
728.4
59.3
553.2
743.0
60.8
580.4
752.1
58.7
602.8
781.7
57.3
625.6
808.4
57.3
642.9
832.4
60.5
6484
843.8
56.4
6381
865.9
52.7
6141
882.6
965.4
688.3
51.5
152.5
55.1
97.5
295.3
41.4
49.4
204.6
74.0
77.4
39.9
37.6
37.5
18.8
18.8
277.1
17.5
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
1997
1996
II
IV
Exports of goods and services
Exports of aoods'
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
Exports of services'
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and services
.-.
ImDorts of aoods'
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 aoods
Imports of services'
Direct defense expenditures
Travel
. .
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods
1995
2. Includes parts of foods, feeds, and beverages; of nondurable industrial supplies and materials; and of nondurable nonautomotive consumer goods.
68 • August 1998
SURVEY OF CURRENT BUSINESS
Table 4.4.—Real Exports and Imports of Goods and Services by Type of Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
Exports of goods and services
Exports of goods'
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
Exports of services' .
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Residual
Imports of goods and services
Imports of goods'
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
imports of services'
Direct defense expenditures
Travel
;
Passenger fares
. . .
Other transportation
Royalties and license fees
Other private services
Other ........!....!
Residual
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods
1995
1994
II
III
IV
1998
III
I
IV
I
II
III
IV
I
II
911.1
667.4
46.2
126.8
46.3
80.6
339.4
33.0
108.3
216.6
63.5
69.9
36.8
33.1
34.0
17.0
17.0
244.9
15.8
929.4
691.4
44.1
127.6
47.0
80.7
359.6
34.2
123.8
226.5
67.8
71.9
37.0
34.9
36.0
18.0
18.0
240.7
14.7
963.6
719.1
41.9
133.0
49.1
83.9
381.5
33.2
143.1
239.0
69.9
74.6
39.0
35.5
37.0
18.5
18.5
247.5
17.2
988.1
740.6
42.3
134.2
49.1
85.1
404.7
36.1
156.2
250.7
71.1
73.7
38.8
34.9
37 5
18.7
18.7
251.1
17.7
998.8
754.9
47.4
134.7
50.2
84.6
408.7
36.7
152.4
254 9
72.9
74.8
390
35.8
383
19.2
19.2
248.6
14.9
991.9
748.5
45.6
132.8
51.4
81.5
405.5
41.0
146.2
2484
73.9
74.4
387
35.6
383
19.2
19.2
247.8
16.7
971.3
724.3
41.8
1325
50.1
825
387.0
37.2
147.4
2368
68 0
74.4
388
35.6
403
202
20.2
249.8
14.5
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
712.4
509.8
40.2
1081
37.5
706
218.4
29.7
45.4
1454
56.7
59.1
304
28.7
282
14.1
14.1
202.9
10.2
792.6
573.7
44.5
1164
42.3
74 2
263.2
23.8
66.1
1807
59.9
62.6
323
30.3
303
15.2
15.2
219.5
12.5
860.0
629.4
43.9
121.9
44.8
77.1
310.8
27.0
98.1
2033
62.4
67.3
34.9
32.4
323
16.1
16.1
231.8
13.2
970.0
726.5
43.9
132.4
48.8
83.6
388.6
35.0
143.9
2428
70.4
73.7
38.5
35.3
372
18.6
18.6
247.0
16.1
747.3
540.4
46.8
111.1
39.4
71.7
230.9
27.6
51.3
155 3
60.5
62.2
31.9
30.3
298
14.9
14.9
207.5
9.3
763.9
552.4
45.5
113.9
41.0
72.9
240.6
23.6
55.4
166.2
62.3
61.5
32.2
29.3
29.8
14.9
14.9
212.1
11.9
774.0
561.0
44.5
114.0
41.9
72.2
254.8
24.7
59.6
175.6
58.3
62.4
32.4
30.0
29.5
14.7
14.7
213.6
12.3
806.3
582.4
45.2
117.9
43.9
74.1
271.4
24.0
69.7
186.0
59.6
63.0
32.1
31.0
29.1
14.5
14.5
224.4
13.4
826.1
598.9
42.8
119.9
42.4
77.4
286.0
23.1
79.7
195.0
59.6
63.5
32.6
30.9
33.0
16.5
16.5
227.9
12.4
833.6
608.9
45.1
120.0
42.9
77.1
294.6
23.9
89.3
196.9
60.3
65.8
33.6
32.2
30.0
15.0
15.0
225.6
11.4
845.5
615.0
42.2
119.4
44.6
74.9
301.1
25.1
94.4
198 6
61.2
66.7
34.3
32.4
32.8
16.4
16.4
231.2
12.6
849.9
626.4
42.2
121.3
45.5
76.0
308.2
26.0
100.3
201.2
64.5
66.7
34.8
31.9
32.3
16.2
16.2
225.3
12.8
20
21
22
23
24
25
26
27
28
29
30
561
16.4
24 6
21.6
57 6
16.4
-3.3
817.0
684.1
28.7
102.8
594
17.2
26 0
28.2
599
16.3
-11.4
889.0
749.7
29.3
107.9
62.9
64.0
19.7
18.6
25 5
26.3
29.9
30.2
65 7
75 0
16.2
16.1
-28.1 -56.8
971.2 1,106.1
824.7 945.7
35.5
32.3
123.7
114.2
56.7
16.3
26.1
22.7
60 0
16.6
-5.0
853.2
720.4
28.1
108.0
56.6
16.7
25.2
27.1
58.1
16.4
-6.3
873.4
734.2
29.9
108.8
56.4
16.1
25.9
27.7
59.0
16.2
-3.2
888.7
750.8
28.9
110.4
61.0
17.8
26.0
29.1
60.6
16.5
-12.7
893.1
754.1
29.0
106.5
63.4
18.3
26.8
28.9
61.8
16.2
-18.2
900.9
759.9
29.5
105.9
61.6
18.2
24.9
29.4
63.8
16.5
-23.5
929.1
785.0
31.5
109.3
63.9
18.8
25.5
29.3
65.1
16.1
-26.3
958.9
813.5
31.7
112.2
64.1
64.9
64.0
68.0
57.9
62.8
62.5
64 0
19.1
19.9
19.5
17.8
20.4
19.3
20.3
21.5
26.3
25.9
26.5
25.2
26.3
264
271
266
30.2
30.0
30.7
29.9
31.0
29.9
29.5
29.5
74.1
68.2
77.3
70.6
65.5
782
77 7
76.7
16.1
16.1
16.0
16.0
16.1
16.1
16.2
16.2
-30.2 -32.3 ^13.6 -65.9 -65.1 -62.4 -57.1 -57.8
990.0 1,007.0 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,224.2
937.4
966.7
896.8
859.0
841.3
981.8 1,021.0 1,055.3
38.0
33.2
35.3
34.3
32.6
36.3
36.3
38.2
118.2
117.1
123.0
118.8
138.7
125.9
127.3
132.8
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
51 7
51.0
602
196.9
10.6
62.2
126.3
112.9
144.0
75.8
68.2
39.4
197
19.7
133.2
10.5
41.9
13.0
27.2
5.3
29.3
5.8
-3.0
535
54.3
593
247.1
9.8
89.5
154.4
114.8
155.2
81.3
73.9
40.1
200
20.0
139.7
9.2
42.2
14.1
26.5
6.4
35.4
5.9
-10.8
573
56.8
638
296.6
11.2
121.8
177.5
118.8
165.4
86.7
78.7
43.0
215
21.5
147.3
10.3
43.9
15.0
26.1
7.2
39.0
6.0
-24.2
618
61.8
667
373.3
14.1
163.5
217.6
129.4
188.8
97.7
91.1
49.9
24 9
24.9
161.8
11.6
47.2
16.3
28.1
8.4
44.1
6.3
-44.9
54 8
53.1
58 2
215.3
11.1
72.1
135.7
120.8
151.4
80.3
71.1
39.5
197
19.7
133.2
9.2
40.8
12.9
27.7
5.4
31.4
5.9
-4.8
55.3
53.4
56.4
225.2
9.8
74.7
144.2
121.2
155.3
81.3
73.9
38.4
19.2
19.2
139.6
9.8
42.9
13.3
27.0
5.9
34.5
6.2
-A.7
55.1
55.3
58.5
240.7
10.4
82.9
152.0
117.3
156.7
81.9
74.7
40.7
20.4
20.4
138.4
8.8
41.9
14.0
26.5
6.2
35.3
5.8
-7.6
51.8
54.6
62.6
253.3
9.5
93.6
157.7
111.2
156.6
81.6
75.0
39.8
19.9
19.9
139.5
9.0
40.9
14.4
26.7
6.6
36.1
5.9
-12.9
52.0
53.9
59.6
269.2
9.7
106.8
163.7
109.4
152.3
80.3
72.0
41.5
20.8
20.8
141.3
9.1
43.2
14.7
25.7
7.1
35.7
5.8
-18.9
54.1
55.1
58.1
279.8
9.8
112.4
169.8
113.9
158.4
83.0
75.4
41.9
21.0
21.0
144.5
10.1
44.4
14.6
24.9
6.7
37.9
5.9
-20.5
56.5
55.7
66.2
286.8
11.3
118.3
170.7
119.5
161.5
85.0
76.5
43.0
21.5
21.5
146.0
10.3
43.3
14.8
26.5
6.7
38.5
5.9
-21.5
59.1
58.0
66.8
298.7
11.4
123.5
178.1
122.7
168.4
89.3
79.2
43.2
21.6
21.6
149.5
10.4
43.9
15.3
26.7
8.3
38.9
6.1
-23.5
59.7
58.5
64.3
321.1
12.2
132.8
191.6
118.9
173.3
89.6
83.7
43.7
21.9
21.9
149.0
10.3
44.0
15.2
26.1
6.9
40.6
6.1
-30.5
59.3
59.5
62.9
344.5
11.7
148.1
204.2
130.2
177.5
92,0
85.5
45.8
22.9
22.9
155.3
10.9
46.5
15.8
26.8
7.6
41.6
6.2
-38.0
61.2
61.7
68.1
367.0
13.3
160.8
214.8
128.2
187.3
96.9
90.3
49.0
24.5
24.5
159.2
10.8
46.5
16.6
28.3
7.8
43.2
6.2
-43.8
62.4
63.5
69.1
385.0
16.1
171.9
220.2
130.2
191.9
99.0
92.8
51.9
25.9
25.9
165.2
12.2
47.6
16.6
28.1
9.2
45.4
6.5
-48.4
64 5
62.7
669
396.7
15.2
173.1
231.1
129.1
198.6
102.9
95.7
52.8
264
26.4
167.5
12.6
48.4
16.2
29.0
9.2
46.1
6.4
-504
672
65.6
683
413.6
15.0
187.9
238.5
135.5
206.3
107.8
98.5
53.4
267
26.7
171.3
13.7
50.6
16.3
28.9
10.3
45.3
6.5
-571
71 9
66.5
754
430.7
17.8
201.2
242.1
132.4
215.5
1139
101.7
55.6
27 8
27.8
171.6
135
50.9
167
29.2
92
46.1
6.5
-64 4
54
55
56
44.4
465 6
623.4
49.5
524 4
689.1
48.5
582.5
759.4
49.3
681.1
878.3
50.7
4895
661.1
50.9
501.3
676.4
49.1
511.9
691.0
49.7
533.0
690.0
48.5
551.3
699.1
51.0
558.5
725.6
46.2
570.6
745.6
46.0
582.5
772.9
50.8
618.4
793.6
48.6
645.9
833.4
47.6
675.6
868.5
48.6
696.3
896.9
52.2
7064
914.5
509
701 5
952.2
482
6801
980.1
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following the detail for exports is the difference between the aggregate "exports of goods and
services" and the sum of the detailed lines for exports of goods and export of services. The residual line following
1997
1996
I
the detail for imports is the difference between the aggregate "imports of goods and services" and the detailed
lines for imports of goods and imports of services.
Chain-type quantity indexes for the series in this table appear in table 7.10.
See footnotes to table 4.3.
SURVEY OF CURRENT BUSINESS
August 1998
Table 4.5.—Relation of Foreign Transactions in the National Income and Product Accounts (NIPA's) to the Corresponding
Items in the Balance of Payments Accounts (BPA's)
[Billions of dollars]
Line
Exports of goods, services, and income, BPA's
Less: Gold, BPA's 1
.
Capital gains, net of losses, in direct investment income receipts, BPA's 2
Transfers of goods and services under military grant programs, net 3
Statistical differences4
Other items 5
.
Plus: Adjustment for U.S. territories and Puerto Rico 6
Services furnished without payment by financial intermediaries except life insurance carriers
and private noninsured pension pi.
Adjustment for grossing of parent/affiliate transactions7
Other items
Equals: Exports of goods and services and receipts of factor income, NIPA's
Imports of goods, services, and income, BPA's .
Less: Gold, BPA's 1
Capital gains, net of losses, in direct investment income payments, BPA's 2
Statistical differences4
Plus: Gold, NIPA's»
Adjustment for U.S. territories and Puerto Rico 6
Imputed interest paid to the rest of the world
Adjustment for grossing of parent/affiliate transactions7
Other items 8
Equals: Imports of goods and services and payments of factor income, NIPA's
Balance on goods, services, and income, BPA's (1-12)
Less: Gold (2-13+16)
Capital gains, net of losses, in direct investment income, BPA's (3-14)
Statistical differences (5-15)
Plus: Adjustment for U.S. territories and Puerto Rico(7-17)
Other items (-4-6+10-20)
Equals: Net exports of goods and services and net receipts of factor income, NIPA's (11-21) .
Allocations of special drawing rights, BPA's
Plus: Other items
Equals: Capital grants received by the United States, net, NIPA's
Unilateral transfers, net, BPA's
Less: Transfers of goods and services under military grant programs, net 3
Statistical differences4
Plus: Adjustment for U.S. territories and Puerto Rico 6
Other items 9
:
Equals: Transfer payments to the rest of the world, net, NIPA's
1995
861.6
1996
1997
5.8
999.5
.5.1
1,064.0
6.9
1,179.4
5.7
.5
5.2
.6
31.9
13.3
.3
0
.7
33.3
14.5
.4
0
.7
34.4
15.5
.3
0
.5
37.0
17.1
2.9
0
897.7
3.4
0
1,044.6
3.4
0
1,109.3
1,230.9
946.0
4.7
1,080.1
5.3
1,158.3
7.7
1,294.9
-5.2
-0.9
980.4
0
-3.6
21.9
14.5
3.4
0
1,111.0
0
-3.8
22.4
15.5
3.4
0
1,188.1
0
-3.5
26.5
17.1
3.9
0 '
1,332.3
-84.4
-2.9
-80.6
-3.8
-94.3
-4.6
-115.5
-4.4
10.4
0
11.4
-1.0
-66.4
0
12.0
-1.1
-78.8
0
10.6
-.8
21.5
13.3
2.9
0
10.4
-1.0
^82.7
3.9
0
-101.4
0
0
0
;
.-
Balance on current account, BPA's (22-32)
Less: Gold (23)
Capital gains, net of losses, in direct investment income, BPA's (24)
Statistical differences (25-34)
Other items (-27-33+36)
Plus: Capital grants received by the United States, net, NIPA's (31)
Adjustment for U.S. territories and Puerto Rico (26-35)
Equals: Net foreign investment, NIPA's (28+31-37)
1. Beginning with 1967, exports and imports of gold in the NIPA's differs from that in the
BPA's. BPA gold exports (line 2) and imports (line 13) are excluded from the NIPA's; imports
of gold in the NIPA's (line 16) is the excess of the value of gold in gross domestic purchases
over the value of U.S. production of gold.
2. BPA capital gains and losses included in U.S. direct investment income abroad (line 3) and
in foreign direct investment income in the United States (line 14) are removed from the NIPA's
beginning with 1974 for imports and with 1977 for exports. Beginning with 1982, U.S. direct investment income abroad in the BPA's excludes capital gains and losses associated with currency
translation adjustments.
3. Transfers of goods and services under military grant programs, net, are classified as exports
in the BPA's. In the NIPA's, these transactions are excluded from exports and included in Federal
Government consumption expenditures. Beginning with 1988, the BPA's classify certain items as
military grants that the NIPA's do not.
4. Consists of statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's.
5. Consists of arms shipments to Israel financed under the Emergency Security Act of 1973.
In the NIPA's, these arms shipments are classified as military grants, which are included in the
defense consumption expenditure component of GDP at the time they are acquired by the U.S.
Government. Their transfer abroad is not reflected in the NIPA's. Beginning with 1988, the BPA's
classify certain items as military grants that the NIPA's do not.
6. Consists of transactions between the United States and its territories, Puerto Rico, and the
Northern Mariana Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana
Islands in the NIPA's differs from that in the BPA's. In the NIPA's, they are included in the rest
of the world; in the BPA's, they are treated as part of the United States. The adjustments to
exports and imports of goods and services and to receipts and payments of factor income are
shown in lines 7 and 17, respectively. The adjustment to unilateral transfers, net (line 35) consists
only of transfer payments from persons because transfer payments, subsidies, and grants-in-aid
1994
0
0
0
0
0
0
0
0
0
39.4
.5
.7
.2
-1.1
37.3
34.6
.3
0
.2
-.4
34.2
40.6
.4
0
.3
0
40.4
39.7
.3
0
.3
-.2
39.5
-123.8
-115.3
-134.9
-4.6
-155.2
-4.4
0
.3
0
11.2
-100.6
0
.7
0
11.8
-119.2
0
.4
0
10.3
-140.9
-2.9
9.7
-.5
0
10.1
-120.0
from the Federal Government to residents of U.S. territories, Puerto Rico, and the Northern Mariana Islands are excluded from NIPA transfer payments to the rest of the world.
7. In the BPA's, income transactions between parents and affiliates are recorded on a net
basis. In BPA exports, U.S. parents' receipts from foreign affiliates for interest are net of such
payments by U.S. parents to foreign affiliates. In BPA imports, U.S. affiliates' payments to foreign
parents for interest are net of such receipts by U.S. affiliates from foreign parents. In the NIPA's,
these transactions are recorded on a gross basis beginning with 1974. The amount of adjustment
is identical in payments and in receipts of factor income and, thus, does not affect NIPA net
receipts of factor income or net foreign investment. In addition, for 1974 through 1981, royalties
and license fees and other private services are recorded on a net basis in the BPA's but on
a gross basis in the NIPA's. Beginning with 1982, these transactions are recorded on a gross
basis in both the BPA's and the NIPA's. The amount of adjustment is identical in exports and
in imports of services and, thus, does not affect NIPA net exports of goods and services or net
foreign investment.
8. For 1946 through 1959, includes shipments to the United States from Alaska and Hawaii.
These are added to imports for 1946 to adjust to geographic coverage of imports to the 48-State
coverage used in the NIPA's prior to 1960. From 1947 through 1959, such shipments are negligible. Beginning with 1960, the adjustment is not required because Alaska and Hawaii gained
statehood in 1959. For 1959 through 1981, includes withheld nonresident taxes associated with
royalties and license fees, other private services, and income transactions. In the NIPA's, these
transactions are recorded before the deduction of nonresident taxes withheld beginning with 1959.
In the BPA's, the corresponding flows are recorded before the deduction of nonresident taxes
withheld beginning with 1982.
9. Consists of financing provided to Israel in accordance with the Emergency Security Act of
1973; a U.S. Government payment to India under the Agricultural Trade Development and Assistance Act; less write-offs of loan principal owed to the U.S. Government, which are a type of
financial transaction that is excluded from the NIPA's.
•
69
SURVEY OF CURRENT BUSINESS
JO • August 1998
5. Saving and Investment.
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
1997
1996
1995
1998
III
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
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income
and product accounts.
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income
and product accounts.
Capital grants received by the United States (net)
C:
Gross investment
Oross private domestic investment
Gross government investment
Net foreign investment
Statistical discrepancy
Addendum:
Gross saving as a percentage of gross national
product.
1,079.2
1,187.4
1,274.5 1,406.3 1,118.0 1,161.5 1,153.8 1,190.4 1,244.0 1,233.0 1,255.3 1,298.8 1,311.0 1,353.9 1,416.3 1,427.0 1,428.0 1,482.5
1,030.2 1,106.2 1,114.5 1,141.6 1,055.3 1,098.7 1,075.8 1,110.0 1,140.5 1,119.4 1,091.6 1,128.6 1,118.4 1,126.3 1,169.5 1,139.0 1,131,6 1,130.1
172.2
173.5
140.5
147.6
135.4
151.9
207.5
176.8
179.8
121.0
214.9
164.0
162.4
178.0
98.5
98.2
158.5
73.0
258.7
264.4
262.6
281.4
299.0
216.2
264.2
201.4
296.7
272.7
311.5
295.0 312.0
256.1
262.4
229.3
247.3
275.0
227.2
-13.4
61.2
434.2
225.0
13.4
216.8
-5.3
61.3
442.7
233.7
13.4
198.4
-2.9
68.9
443.2
229.0
9.3
197.6
-6.2
71.2
448.6
230.6
9.3
62.7
80.4
264.7
62.8
78.0
49.5 -117.0 -119.4 -107.2 -106.2
70.7
70.6
69.8
70.3
70.7
-176.9
103.5
-$2.0
71.0
-153.0
113.6
-79.4
70.7
-150.1
163.7
-41.9
70.7
-112.6
186.6
73.6
113.0
185.4
74.7
110.7
193.0
75.7
117.3
205.6
76.5
129.1
182.4
-23.6
57.4
413.1
218.1
.3
166.1
-16.1
51.4
412.3
226.3
13.3
219.3
-22.6
59.4
431.1
225.9
13.4
192.3
-1.2
71.4
452.0
232.3
9.3
49.0
160.0
-39.6
70.6
-186.7
81.2
-103.7
70.7
-174.4
-110.3
-21.1
-186.8
-189.6
-177.9
166.2
69.4
96.8
184.8
73.2
111.7
199.6
77.1
122.6
215.2
81.1
134.1
179.7
70.4
109.3
182.1
71.7
110.4
185.2
72.6
112.6
0
0
-117.2
69.5
0
1,093.8
0
1,160.9
0
1,242.3
213.2
6.9
76.6
477.3
242.8
3.7
0
0
210.5
-37.9
56.7
419.6
221.5
13.4
2228
-33.9
58.3
427.9
223.2
13.4
-26.5
-32.2
15.5
16.3
16.6
0
0
0
229.5
9.3
-100.1
192.5
-7.6
70.7
-78.3
227.5
19.6
70.8
-51.2
-34.8
288.0
70.0
70.3
-.3
199.8
77.5
122.3
200.2
78.5
121.7
207.9
79.5
128.4
210.7
80.6
130.1
218.0
81.4
136.6
454.9
233.6
9.3
170.2
-29.6
70.5
0
0
0
213.2
10.3
75.5
473.7
241.3
3.7
246.9
36.1
70.9
0
4.8
77.2
480.8
244.4
3.7
210.6
4.3
80.1
487.7
247.0
3.7
201.8
25.3
84.9
492.5
248.6
4.0
296.4
72.3
70.2
2.2
352.4
128.7
69.9
58.8
224.1
82.7
141.4
223.7
83.5
140.2
0
0
91.6
497.6
250.3
4.0
69.5
84.2
0
1,350.5 1,112.6 1,164.6 1,131.1 1,147.3 1,200.8 1,206.7 1,234.7 1,249.5 1,278.3 1,310.8 1,368.6 1,361.9 1,360.7 1,428.4
1,007.9 1,043.2 1,131.9 1,256.0 1,043.1 1,058.9 1,029.6
205.9 218.3 229.7 235.4 211.2 216.3 219.6
-120.0 -100.6 -119.2 -140.9 -141.8 -110.7 -118.0
14.6
0
187.9
3.0
73.3
461.2
236.1
199.5
8.1
73.8
467.2
238.6
3.7
185.1
1.2
72.3
35.3
-55.8
17.4
1,030.6 1,053.6 1,075.3 1,118.3 1,167.9 1,166.0 1,206.4 1,259.9 1,265.7 1,292.0 1,366.6 1,346.6
229.2
231.3
220.7
216.8
227.9 230.3 235.3 232.6 237.3 236.5 237.4 231.3
-100.1
-73.5
-97.8
-114.9
-146.2
-118.0
-130.9
-123.9
-141 r0
-167.8
-175.6
-5.4
3.1
-22.7
-43.0
-43.2
-26.3
-20.6
-49.3
-32.6
-43.1
-47.7
-65.1
-67.3
-54.1
15.8
16.2
16.0
16.3
16.8
16.4
16.4
16.8
16.7
17.0
17.6
17.5
17.3
16.8
August 1998
SURVEY OF CURRENT BUSINESS
[Billions of chained (1992) dollars]
[Billions of dollars]
Line
1994
1995
1996
1,007.9 1,043.2 1,131.9 1,256.0
638.6
657.0
684.3
720.2
369.2
386.2
535.9
447.6
4
5
6
946.6 1,012.5 1,099.8 1,188.6
657.0
684.3
720.2
638.6
355.5
468.4
415.5
308.0
7
8
9
660.6
512.6
148.0
727.7
535.3
192.4
787.9
558.6
229.3
860.7
587.7
273.0
Structures
Less: Consumption of fixed capital
Equals: Net structures
10
11
12
184,5
133.2
51.3
201.3
137.0
64.2
216.9
142.0
75.0
240.2
149.2
91.0
Producers' durable equipment
Less: Consumption of fixed capital
Equals: Net producers' durable equipment
13
14
15
476.1
379.4
96.7
526.4
398.2
128.2
571.0
416.7
154.3
620.5
438.4
182.1
16
17
18
286.0
126.0
160.0
284.8
121.7
163.1
311.8
125.7
186.2
327.9
132.5
195.4
Nonresidential
Less: Consumption of fixed capital
Equals: Net nonresidential
Residential
Less: Consumption of fixed capital
Equals: Net residential
19
61.2
30.7
32.1
67.4
20
21
22
23
24
25
26
205.9
138.8
67.1
-2.5
-9.1
6.7
69.6
218.3
143.8
74.5
-4.4
-11.1
6.7
78.9
229.7
147.7
82.0
-3.1
-9.9
6.9
85.0
235.4
151.6
83.8
-10.8
-16.5
5.8
94.5
Structures
Less: Consumption of fixed capital
Equals: Net structures ..
Federal ....
National defense
Nondefense
State and local
27
28
29
30
31
32
33
129.6
61.6
68.0
2.5
-2.2
4.8
65.5
140.3
64.9
75.5
3.1
-1.8
4.9
72.4
148.5
68.2
80.3
2.9
-1.6
4.6
77.4
158.2
71.9
86.3
.5
-2.9
3.4
85.8
Equipment
Less: Consumption of fixed capital
Equals: Net equipment.,
Federal ....
National defense
Nondefense
State and local
34
35
36
37
38
39
40
76.4
77.3
-.9
-6.0
-€.9
1.9
4.1
78.0
78.9
-.9
-7.5
-3.3
1.8
6.6
81.2
79.5
1.7
-6.0
-8.3
2.3
7.6
77.2
79.8
-2.5
-11.3
-13.7
2.4
8.7
Change in business inventories
Gross government investment'
Less: Consumption of fixed capital
Equals: Net government investment
Federal
National defense
Nondefense
State and local
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.
Line
1994
1995
Gross private domestic investment
Less: Consumption of fixed capital
Equals: Net private domestic investment
1
2
3
975.7
615.2
360.5
996.1 1,084.1 1,206.4
620.4
642.4
672.2
375.7
441.6
534.2
Fixed investment
Less: Consumption of fixed capital
Equals: Net fixed investment
4
5
6
915.5
615.2
300.4
966.0 1,050.6 1,138.0
620.4
642.4
672.2
345.6
408.1
465.7
7
8
9
648.4
497.5
150.9
710.6
511.6
199.0
776.6
532.7
243.9
859.4
560.0
299.4
Structures
Less: Consumption of fixed capital
Equals: Net structures
10
11
12
172.5
124.5
47.9
180.7
122.7
58.0
189.7
123.6
66.1
203.2
125.4
77.7
Less: Consumption of fixed capital
Equals: Net producers' durable equipment
13
14
15
476.8
373.0
103.8
531.7
389.3
142.4
589.8
410.0
179.9
660.9
436.1
224.8
16
17
18
267.0
117.6
149.5
256.8
109.2
147.6
275.9
110:3
165.6
282.8
113.1
169.7
1997
1
2
3
Fixed investment
l e s s : Consumption of fixed capital
Equals: Net fixed investment
Jl
Table 5.3.—Real Gross and Net Investment by Major Type
Table 5.2.—Gross and Net Investment by Major Type
Gross private domestic investment
.
Loss* Consumption of fixed capital
Equals' Net private domestic investment
•
Nonresidential
Less: Consumption of fixed capital
Equals: Net nonresidential
Residential
Less: Consumption of fixed capital
Equals: Net residential
1996
1997
19
60.6
27.7
30.0
63.2
20
21
22
23
24
25
26
196.0
132.2
63.9
-2.1
-6.7
6.6
66.0
201.6
133.8
67.8
-3.3
-9.9
6.5
71.1
2086
135.5
73.0
-1.8
-6.7
6.9
74.6
211.3
137.4
73.9
-7.7
-13.7
6.1
81.1
Structures
Less: Consumption of fixed capital
Equals: Net structures ...
Federal
National defense
Nondefense
State and local
27
28
29
30
31
32
33
122.0
57.5
64.5
2.6
-2.0
4.5
62.0
126.8
58.5
68.3
2.9
-1.6
4.4
65.4
130.1
59.6
70.5
2.7
-1.4
4.0
67.7
134.0
60.8
73.2
.6
-2.3
2.9
72.6
Equipment
Less: Consumption of fixed capital
Equals: Net equipment...
Federal
National defense
Nondefense
State and local
34
73.9
74.6
-.7
-4.7
-6.8
2.1
4.0
74.7
75.3
-.6
-6.4
-8.4
2.1
5.8
78.4
75.8
2.5
-4.5
-7.4
3.0
7.1
769
Change in business inventories
Gross government investment'
Less: Consumption of fixed capital
Equals: Net government investment
Federal
National defense
Nondefense
State and local
35
36
37
38
39
40
76.5
.4
-6.3
-11.5
3.5
8.7
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Chain-type quantity indexes for the senes in this table appear in table 7.20.
J2
• August 1998
SURVEY OF CURRENT BUSINESS
Table 5.4.—Private Fixed Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
1,118.1
I
II
1998
III
IV
I
II
1,132.2 1,146.7 1,176.4 1,211.1 1,220.1 1,271.1
687.5
713.6
728.1
729.5
739.5
759.0
774.8
801.1
816.8
827.1
850.5
882.3
882.8
921.3
938.7
240.2
177.3
33.5
22.7
6.7
190.7
133.2
32.4
18.1
7.0
197.9
139.7
33.6
17.3
7.4
201.8
144.2
34.5
15.6
7.6
203.0
144.7
34.4
16.2
7.7
202.2
146.6
33.2
16.0
6.5
206.5
151.1
31.9
16.7
6.7
211.3
157.0
31.2
16.9
6.3
218.0
162.4
31.0
18.6
5.9
232.1
173.2
32.9
20.3
5.7
236.2
177.5
32.5
20.6
5.6
234.3
172.9
33.4
22.2
5.8
243.8
180.0
34.1
23,8
6.1
246.4
178.9
34.1
24.3
9.2
245.0
180.6
34.2
23.5
6.6
243.7
180.3
34.4
22.5
6.4
571.0
189.4
74.4
114.9
131.7
137.2
112.7
620.5
206.6
81.1
125.5
138.6
152.0
123.3
496.8
515.6
158.5 . 162.6
55.1
56.1
103.4
106.4
114.0
119.3
131.0
126.1
102.7
98.3
526.3
173.6
64.1
109.6
124.8
125.5
102.3
526.5
174.8
66.6
108.2
125.8
122.5
103.5
537.2
181.1
72.8
108.3
125.3
125.8
105.1
552.6
185.0
73.4
111.5
129.6
130.0
107.9
563.5
185.2
72.0
113.2
133.1
134.3
111.0
583.1
192.7
75.5
117.2
131.7
143.4
115.3
584.8
194.6
76.8
117.8
132.3
141.2
116.6
591.0
197.1
76.8
120.3
132.7
141.5
119.7
616.2
202.6
79.9
122.7
138.9
151.9
122.8
638.5
213.0
84.0
129.0
140.7
158.8
126.0
636.4
213.6
83.7
129.9
142.1
155.9
124.8
676.3
226.5
91.8
134.7
145.4
172.4
132.0
695.1
232.1
94.4
137.8
146 5
178.8
137.6
526.4
173.0
64.9
108.1
123.8
126.2
103.4
13
14
1,089.7
IV
860.7
476.1
152.1
51.8
100.3
109.3
118.6
96.2
12
III
216.9
160.9
31.7
18.1
6.2
201.3
143.8
33.9
16.3
7.3
8
9
10
11
II
787.9
727.7
7
Producers' durable equipment
Information processing and related equipment...
Computers and peripheral equipment >
Other
Industrial equipment
Transportation and related equipment
Other
1
1,013.5
184.5
128.7
32.0
16.7
7.1
6
IV
1,004.3
660.6
4
5
III
1,000.0
3
Structures
Nonresidential buildings, including farm
Utilities
Mining exploration, shafts and wells
Other structures
II
977.0
946.6
2
Nonresidential
I
1,012.5 1,099.8 1,188.6
1
Private fixed investment
1997
1996
1995
1,032.1 1,059.1
1,300.3
15
286.0
284.8
311.8
327.9
289.5
286.4
276.2
284.0
292.6
300.1
315.0
317.0
315.3
319.5
325.9
328.8
337.4
349.8
361.6
Structures
Single family
Multifamily
Other structures
16
17
19
279.1
153.8
14.1
111.2
277.5
145 0
17.9
114.6
304.3
159.1
20.3
124.8
319.9
164.4
22.6
132.8
282.3
153.0
16.2
113.1
279.2
149.2
17.2
112.7
269.0
140.1
17.1
111.8
276.6
142.4
18.4
115.9
285.3
148.3
18.9
118.0
292.7
153.3
20.0
119.4
307.4
160.1
21.7
125.6
309.4
162.5
19.4
127.5
307.6
160.6
20.2
126.8
311.6
161.6
22.0
128.0
317.9
163.5
22.7
131.8
320.8
164.0
22.0
134.7
329.4
168.7
23.8
136.8
341.5
175 8
25.1
140.6
353.1
181 7
24.0
147.4
Producers' durable equipment
20
6.9
7.3
7.6
8.0
7.2
7.2
7.2
7.3
7.4
7.4
7.6
7.6
7.8
7.9
8.0
8.0
8.0
8.3
8.4
Residential
•.
18
1. Includes new computers and peripheral equipment only.
Table 5.5.—Real Private Fixed Investment by Type
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
Private fixed investment
1
915.5
966.0
I
II
1997
1996
1995
1994
III
IV
I
II
11
1
IV
1,050.6 1,138.0
938.5
957.1
957.8
965.8
983.1
1,011.4
1,043.5
1,067.1
1,080.4
I
II
1,096.0 1,127.0
1998
III
IV
I
II
1,159.3 1,169.5 1,224.9
1,260.0
2
648.4
710.6
776.6
859.4
672.9
698.4
710.2
711.7
722.3
744.8
764.4
790.1
807.0
820.9
848.2
882.2
886.2
931.9
957.5
Structures
Nonresidential.buildings, including farm
Utilities
Mining exploration, shafts, and wells
Other structures
3
4
5
6
7
172.5
119.9
29.9
15.8
6.9
180.7
128.8
30.6
14.4
6.7
189.7
141.0
27.8
15.3
5.5
203.2
150.5
28.7
17.9
5.8
175.0
121.8
29.8
16.7
6.7
179.5
126.1
30.7
15.7
6.9
181.7
129.5
31.3
13.9
7.0
181.5
129.3
30.9
14.2
7.1
179.8
130.4
29.6
13.9
5.9
182.6
133.9
28.3
14.4
6.0
185.9
138.3
27.5
14.4
5.6
189.9
141.6
27.1
15.6
5.3
200.6
150.2
28.4
16.7
5.1
202.5
152.8
28.1
16.6
4.9
199.3
147.8
28.6
17.6
5.1
205.2
152.0
29.1
18.6
5.2
205.7
149.5
29.2
18.9
7.8
203.1
150.1
29.2
17.9
5.6
200.8
148.7
29.4
17.0
5.5
Producers' durable equipment
Information processing and related equipment...
Computers and peripheral equipment •
Other
Industrial equipment
Transportation and related equipment
Other
8
9
10
11
12
13
14
476.8
165.1
67.2
99.4
105.5
113.2
92.9
531.7
201.5
100.8
108.1
115.4
119.4
97.9
589.8
245.4
151.3
115.4
120.5
127.6
104.2
660.9
298.0
214.8
126.6
125.9
140.3
113.0
499.1
175.6
75.3
102.8
108.9
120.5
94.5
520.4
183.7
80.4
106.1
113.2
125.3
98.5
529.9
199.2
95.2
109.2
116.4
119.1
97.1
531.8
205.2
105.3
108.2
116.6
115.3
97.8
544.8
217.7
122.1
108.7
115.6
118.0
98.4
565.0
229.5
133.6
111.9
119.1
121.9
100.4
581.6
238.0
142.6
113.7
122.0
125.0
103.1
604.0
253.1
158.5
117.9
120.4
132.7
106.4
608.8
260.9
170.7
118.2
120.6
130.8
106.9
621.0
271.8
182.5
121.1
120.8
131.1
109.8
653.8
288.1
203.9
123.7
126.4
140.5
112.4
682.6
311.5
229.9
130.0
127.7
145.9
115.6
686.4
320.7
242.9
131.5
128.6
143.8
114.1
738.8
353.4
292.2
136.7
131.5
159.6
120.2
769.7
377.7
330.8
1404
132.3
165.8
125.1
15
267.0
256.8
275.9
282.8
265.9
259.9
249.5
255.6
262.1
268.0
280.2
279.0
276.3
278.4
282.5
282.3
287.9
298.5
307.9
16
17
260.3
140.1
13.6
106.5
249.8
1268
16.9
106.6
268.6
136.6
18.7
113.8
275.1
137.2
20.2
118.5
259.0
136.1
15.5
107.6
252.9
131.2
16.3
105.7
242.6
122.7
16.2
104.2
248.5
124.2
17.4
107.6
255.0
128.9
17.8
108.8
261.0
133.0
18.7
109.8
272.9
138.5
20.1
114.8
271.7
138.6
17.7
115.9
268.9
136.3
18.3
114.8
270.9
136.3
19.8
115.3
274.9
137.2
20.3
118.0
274.5
136.1
19.5
119.7
280.1
139.0
21.0
120.9
290.5
145 2
22.1
123.8
299.8
150.0
21.2
129.2
Nonresidential
Residential
Structures
Single family
Multifamily
Other structures
18
19
Producers' durable equipment
20
6.7
7.0
7.3
7.7
6.9
7.0
6.9
7.1
7.1
7.1
7.3
7.3
7.4
7.5
7.6
7.8
7.8
8.0
8.2
21
-2.1
-13.4
-34.4
-69.1
-4.6
-6.0
-10.9
-15.2
-22.1
-26.7
-29.4
-37.9
-44.0
-50.6
-62.1
-77.8
-85.5
-117.2
-143.6
Residual
1. Includes new computers and peripheral equipment only.
NOTE.—Chained (1992) dollar series are calculated as the p
„
,
. ,
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table appear in table 7.6.
SURVEY OF CURRENT BUSINESS
August 1998
•
Table 5.6.—Private Purchases of Structures by Type
Table 5.7.—Real Private Purchases of Structures by Type
[Billions of dollars]
[Billions of chained (1992) dollars]
'
T
Line
1994
1995
1996
1997
1
Nonresidential buildings excluding farm
Industrial
Commercial
Office buildings'
Other 2
Religious
Educational .
Hospital and institutional
Other 3
184.3
200.9
216.6
238.9
4
5
6
7
8
9
10
11
12
125.5
28.9
61.9
25.8
36.1
3.8
5.6
13.7
11.6
140.8
32.5
70.8
29.8
41.0
4.2
6.2
12.5
14.5
157.1
32.7
78.8
32.4
46.3
4.4
7.7
13.1
20.5
173.3
31.4
87.0
38.2
48.8
5.7
9.5
15.3
24.4
32.0
3.3
10.1
13.0
4.6
1.0
33.9
3.5
11.0
12.3
6.2
.9
31.7
4.4
11.7
9.8
4.8
1.0
33.5
3.2
16.7
14.7
1.9
6.9
3.0
16.3
14.8
1.5
6.9
3.8
18.1
16.5
1.6
5.8
4.0
22.7
20.8
1.9
5.4
24
25
1.5
-1.2
1.6
-1.3
1.8
-1.5
2.0
-.7
15
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other 4
Brokers' commissions on sale of structures
Net purchases of used structures
5.1
11.5
11.1
4.8
1.0
1997
1994
1995
1996
1
432.8
430.5
458.4
2
172.5
180.7
189.7
203.2
3
172.2
180.3
189.4
202.0
Nonresidential buildings, excluding farm
Industrial
Commercial
Office buildings 1
Other 2
Religious
Educational
Hospital and institutional
Other3
4
5
6
7
8
9
10
11
12
116.9
27.0
57.7
24.1
33.6
126.1
29.1
63.4
26.7
36.7
137.7
28.6
69.0
28.4
40.5
3.5
5.2
3.8
5.6
3.9
6.7
12.7
10.8
11.2
13,0
11.5
18.0
147.2
26.7
73.8
32.4
41.4
4.9
8.1
13.0
20.7
Utilities
Railroads
Telecommunications
Electric light and power
Gas
Petroleum pipelines
13
14
15
16
17
18
29.9
30.6
27.8
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other 4
19
20
21
22
23
Private purchases of structures .
Nonresidential
New
Brokers' commissions on sale of structures .
Net purchases of used structures
24
25
3.0
9.6
3.1
12.1
10.1
11.0
4.2
.9
5.6
.8
3.7
10.2
8.7
4.3
.9
3.0
2.7
3.3
15.8
14.0
14.4
13.1
15.3
13.8
1.8
6.6
1.3
6.3
1.4
5.1
1.4
1.5
1.7
-1.2
-1.1
-1.3
478.4
28.7
4.1
9.9
9.7
4.2
.8
3.4
17.9
16.3
1.6
4.6
1.8
-.6
279.1
277.5
304.3
319.9
Residential
26
260.3
249.8
268.6
275.1
27
248.5
246.7
269.7
282.7
New .
27
230.8
220.6
236.0
240.4
28
29
New housing units
Permanent site
Single-family structures
Multifamily structures
Mobile homes
Improvements
Other 5
177.2
167.9
153.8
14.1
9.3
71.0
.3
174.2
1629
145.0
17.9
11.3
72.0
.5
192.1
1794
159.1
20.3
12.6
77.0
.6
200.4
187.1
164.4
22.6
13.3
81.5
.8
28
29
30
31
32
33
34
162.0
153.7
140.1
13.6
152.9
143.4
126.8
16.9
165.3
154.9
136.6
18.7
10.3
70.2
.3
.4
.5
167.7
156.9
137.2
20.2
10.7
72.0
.7
31.6
-1.0
32.1
-1.3
36.4
-1.8
39.7
-2.5
35
36
30.4
30.3
-1.1
34.2
-1.5
37
.3
-.1
0
30
31
32
33
34
..
.
.
...
35
36
New housing units
Permanent site
Single-family structures
Multifamily structures
Mobile homes
Improvements
Other 5
Brokers' commissions on sale of structures .
Net purchases of used structures
Residual
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and fraternity and sorority houses.
•
Line
26
.
New
Brokers' commissions on sale of structures
Net purchases of used structures
240.2
19
20
21
22
23
Utilities
Railroads
Telecommunications
Electric light and power
560.1
216.9
16
17
18
...
521.2
201.3
13
14
.
478.8
184.5
3
New
463.6
2
Private purchases of structures
Nonresidential
Residential
73
8.3
9.5
68.4
67.3
-.9
37.1
-2.0
-.5
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and fraternity and sorority houses.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table appear in table 7.7.
SURVEY OF CURRENT BUSINESS
74 • August 1998
Table 5.8.—Private Purchases of Producers' Durable Equipment by Type
[Billions of dollars]
1994
1995
1996
533.7
578.6
628.5
476.1
526.4
571.0
620.5
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment'
Other
Communication equipment
Instruments
Photocopy and related equipment
152.1
59.3
51.8
7.5
52.8
22.1
17.9
173.0
73.4
64.9
8.5
59.1
22.8
17.7
189.4
83.0
74.4
8.6
64.1
24.5
17.7
206.6
90.3
81.1
9.2
71.1
26.1
19.1
industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment .
Electrical transmission, distribution, and industrial apparatus
109.3
10.5
4.8
24.4
26.9
23.6
19.0
123.8
11.8
4.2
28.3
32.5
26.0
20.9
131.7
12.9
4.7
29.7
33.5
28.6
22.2
138.6
13.4
3.8
32.7
34.0
30.3
24.4
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
118.6
55.0
48.0
8.9
1.5
5.1
126.2
63.6
41.6
13.4
1.8
5.8
137.2
71.3
44.8
13.0
2.3
5.8
152.0
79.9
45.7
17.9
2.4
6.1
25.6
9.9
9.7
12.0
1.5
13.4
10.7
16.9
108.2
28.2
10.4
10.8
13.4
1.9
14.0
11.7
17.7
117.1
29.7
10.8
11.5
15.8
1.9
14.9
12.9
19.6
128.3
33.7
11.7
12.3
17.6
2.3
15.1
14.0
21.7
3.7
4.7
4.4
5.0
6.9
7.3
7.6
8.0
[Billions of chained (1992) dollars]
1997
483.0
Table 5.9.—Real Private Purchases of Producers' Durable Equipment by
Type
Line
Private purchases of producers' durable equipment ..
Npnresidential equipment
-.
Other equipment
Furniture and fixtures
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Other
Less: Sale of equipment scrap, excluding autos
Residential equipment
Addenda:
Private purchases of producers' durable equipment
Less: Dealers' margin on used equipment
Net purchases of used equipment from government ...
Plus: Net sales of used equipment
Net exports of used equipment
Sale of equipment scrap
Equals: Private purchases of new equipment
1. Includes new computers and peripheral equipment only.
n.e.c. Not elsewhere classified.
1994
1995
1996
1997
483.5
538.7
597.1
668.5
476.8
531.7
589.8
660.9
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment'
Other
Communication equipment
Instruments
Photocopy and related equipment
165.1
73.9
67.2
7.3
53.7
21.2
17.3
201.5
107.1
100.8
8.2
61.9
21.6
16.8
245.4
154.1
151.3
8.4
298.0
16.4
17.6
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment .
Electrical transmission, distribution, and industrial apparatus
105.5
10.4
4.6
23.3
25.9
22.6
18.6
115.4
11.1
4.0
26.0
30.2
24.2
19.9
120.5
11.8
4.3
26.8
30.5
26.2
20.9
125.9
12.0
3.4
29.3
30.7
27.4
23.0
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
113.2
50.6
47.8
8.4
1.5
4.9
119.4
56.9
42.7
12.2
1.7
5.2
127.6
63.4
44.7
11.5
2.1
5.1
140.3
71.5
44.2
15.6
2.2
5.4
96.0
24.5
9.5
9.2
11.4
1.5
13.0
10.6
16.3
101.4
26.2
9.8
10.0
12.4
1.7
13.1
11.3
16.7
107.8
27.0
10.1
10.4
14.2
1.8
13.7
12.5
18.1
116.9
30.1
10.8
11.0
15.6
2.0
13.7
13.8
19.9
3.1
6.7
3.5
3.6
4.0
7.0
7.3
7.7
-1.4
-9.4
-29.1
-59.0
Line
Private purchases of producers' durable equipment ..
Nonresidential equipment
Other equipment
Furniture and fixtures
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n e e
Other
Less: Sale of equipment scrap, excluding autos
Residential equipment
483.0
4.9
1.0
31.3
1.5
3.8
40
513.7
533.7
6.1
1.0
37.8
.5
4.8
569.8
578.6
6.6
1.2
39.5
.4
4.5
615.2
628.5
6.8
1.2
39.9
.6
5.1
Residual
:
,
;
68.5
22.8
212.7
214.8
9.0
76.5
24.3
1. Includes new computers and peripheral equipment only.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table appear in table 7.8.
n.e.c. Not elsewhere classified.
SURVEY OF CURRENT BUSINESS
August 1998 •
75
Table 5.10.—Change in Business Inventories by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1994
1997
1996
1995
IV
Change in business inventories
Farm ,
.
Nonfarm
Change in book value'
Inventory valuation adjustment2
Manufacturing
Durable goods
Nondurable ooods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
*.
Retail trade
Durable goods
Motor vehicle dealers3
Other3
Nondurable goods
Other
Durable goods
..
Nondurable goods
:
..
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
61.2
108
505
69.4
-18.9
11.3
8.5
2.8
159
11.4
4.6
14.3
101
4.2
1.6
12
.4
17.5
11.6
6.4
53
5.9
5.7
2.0
3.6
30.7
-93
401
67.8
-27.7
12.0
9.2
2.8
138
13.4
.4
11.3
11 4
-.1
2.4
20
.5
11.0
88
5.3
35
2.2
3.3
1.0
2.3
32.1
76
24 5
28.7
-4.2
12.8
9.9
2.9
37
4.3
-.6
2.7
34
-.7
1.1
1.0
.1
6.3
4.4
2.2
22
1.9
1.6
2.1
-.5
67.4
43
631
52.1
11.0
21.4
12.5
8.9
233
13.8
9.5
19.6
114
8.2
3.8
24
1.4
7.3
5.1
1.3
39
2.2
11.0
2.2
8.8
I
II
III
IV
I
66.2
42
620
89.0
-27.1
10.4
7.0
3.5
261
15.5
10.6
22.7
137
9.0
3.4
1.8
1.6
17.9
13.5
9.3
4.3
4.4
7.5
-.5
8.0
59.0
-7.7
66.7
110.8
-44.1
16.9
8.6
8.3
21.2
19.2
2.1
19.0
17.5
1.5
2.2
1.6
.6
21.4
15.9
13.0
2.9
5.6
7.1
3.8
3.3
25.3
-14.1
39.4
81.0
-41.6
13.1
7.5
5.6
12.6
10.9
1.7
9.1
8.8
.4
3.5
2.2
1.3
17.0
12.4
7.4
5.0
4.6
-O.4
-3.1
-.3
17.1
-15.5
32.6
47.4
-14.8
12.7
12.0
.7
15.1
9.2
5.9
13.3
7.5
5.8
1.8
1.7
.1
2.9
2.5
-5.6
8.1
.4
1.8
1.4
.5
21.5
-.1
21.6
32.0
-10.4
5.4
8.6
-5.3
6.1
14.2
-6.1
3.8
11.9
-6.0
2.2
2.3
-.1
2.4
4.3
6.4
-2.1
-1.9
7.7
2.1
5.6
16.3
5.0
11.2
19.1
-7.8
17.9
14.6
3.3
5.0
6.9
-1.9
1.5
4.4
-2.9
3.5
2.5
1.0
-12.6
-11.5
-15.7
4.2
-1.2
1.0
4.5
-3.6
1. Beginning with 1982, this series is derived from the Census Bureau series "current cost inventories." For earlier
periods, it is derived from the Census Bureau "book value inventories" series. The series differ in the treatment
of inventories reported on a last-in, first-out (UFO) basis: The series prior to 1982 is a mix of UFO and non-LIFO
inventories; the series beginning with 1982 is entirely on a non-LIFO basis.
2. Beginning with 1973, the inventory valuation adjustment (IVA) shown in this table differs from the IVA that
adjusts business incomes. The IVA in this table reflects the mix of methods (first-in, first-out; last-in, first-out; etc.)
II
1997
III
28.5
12.7
15.9
22.0
-6.2
-.8
2.7
-3.5
2.4
1.7
.8
3.0
1.6
1.4
-6
0
-.6
13.3
14.2
12.0
2.2
-.9
.9
-.2
1.1
49.8
9.7
40.1
38.2
1.9
18.0
14.2
3.9
-3.0
9.2
-12.3
-4.4
7.5
-11.9
1.3
1.7
-.4
21.2
16.0
15.0
1.0
5.1
3.9
3.3
.6
I
IV
33.8
3.1
30.7
35.5
16.1
8.3
7.8
10.5
-.5
11.0
10.5
-.1
10.6
0
-.5
.5
3.4
-1.1
-2.6
1.5
4.5
.6
.6
0
59.7
-1.1
60.8
42.4
18.4
21.7
13.6
8.0
24.4
15.9
8.5
20.7
13.8
6.9
3.7
2.1
1.6
-.5
-.1
-4.6
3.5
-.4
15.3
2.4
12.9
1998
II
III
IV
83.5
6.2
77.2
63.2
14.0
28.4
19.2
9.2
29.9
25.7
4.1
23.0
20.7
2.3
6.9
5.1
1.8
6.5
1.6
-3.8
5.5
4.9
12.4
2.2
10.2
54.6
7.3
47.3
41.8
5.5
16.9
8.8
8.0
17.5
4.6
12.9
15.6
3.7
11.9
1.9
.9
1.0
5.5
3.7
.8
2.9
1.7
7.4
2.7
4.7
71.9
4.9
66.9
61.1
5.9
18.7
8.4
10.4
215
8.9
12.6
19.0
7.3
11.7
2.5
1.6
.9
17.8
15.3
11.7
35
2.5
8.9
1.4
7.5
I
II
95.5
5.0
90.5
56.3
34.3
31.8
21.9
9.9
281
25.8
2.3
26.0
233
2.7
2.0
2.4
-.4
18.3
1.8
-4.1
59
16.5
12.3
.4
11.9
46.3
7.7
38.6
25.2
13.4
276
20.3
7.2
204
106
9.8
17.1
90
8.1
3.3
16
1.7
-18.5
-207
-15.3
-54
2.2
9.1
.9
8.3
underlying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics. Prior to 1973, the two IVA's
are the same because information required for separate estimates is not available.
3. Prior to 1981, inventories of auto and home supply stores are included in motor vehicle dealers. Beginning
with 1981, these inventories are included in "other durable goods."
Table 5.11.—Real Change in Business Inventories by Industry Group
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
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
Motor vehicle dealers
Other
Nondurable goods
Other
Durable goods
Nondurable goods
Residual
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
60.6
11.7
49.0
11.1
8.3
2.8
15.5
11.0
4.5
13.9
9.8
4.1
1.6
1.2
.4
16.9
10.9
5.9
5.0
5.8
5.5
1.9
3.7
0
27.7
-11.0
37.7
11.2
8.7
2.6
13.0
12.8
.3
10.6
10.9
-.1
2.4
1.9
.5
10.4
8.1
4.7
3.3
2.1
3.1
.9
2.2
1.0
30.0
7.1
23.2
12.0
9.5
2.6
4.1
4.2
.1
3.1
3.2
0
1.0
63.2
4.3
58.8
20.1
12.0
8.1
22.0
13.3
8.7
18.5
11.0
7.5
3.6
.9
2.3
.1
5.9
4.0
1.9
2.1
1.8
1.3
1.8
-.6
-.4
1.2
6.8
4.7
1.1
3.6
2.1
9.9
1.9
8.1
0
I
63.6
4.8
58.7
9.7
6.7
3.0
25.3
15.0
10.3
22.0
13.2
8.7
3.3
1.8
1.5
16.3
12.6
8.4
4.1
3.5
7.3
-.4
8.0
.3
54.3
-9.5
62.5
15.8
8.0
7.7
20.0
18.3
1.9
17.8
16.7
1.3
2.2
1.6
.6
20.1
14.7
11.7
2.7
5.1
6.8
3.4
3.2
1.8
NOTE.—Chained (1992) dollar series for real change in business inventories are calculated as the period-to-period
change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first
line and the sum of the most detailed lines.
1997
1996
1995
II
III
21.7
-16.4
36.7
11.9
7.0
4.9
12.0
10.5
1.6
8.7
8.4
.3
3.3
2.1
1.3
16.0
11.4
6.6
4.8
4.4
-3.1
-2.8
-2
1.3
14.7
-17.1
30.6
11.8
11.3
.6
14.1
8.8
5.2
12.3
7.2
5.1
1.7
1.7
.1
2.9
2.3
-5.0
7.6
.6
1.7
1.2
.4
1.0
IV
20.1
-.8
20.8
5.2
8.3
-2.9
6.0
13.6
-7.3
3.8
11.4
-7.2
2.2
2.3
-1
2.5
3.9
5.6
-1.9
-1.7
7.2
1.9
5.4
-.2
1
14.4
4.3
10.4
16.7
13.8
3.0
4.9
6.6
-1.5
1.6
4.2
-2.4
3.4
2.5
1.0
-11.9
-10.4
-13.9
4.0
-1.2
.5
4.0
-3.6
-1.3
II
III
IV
26.1
11.6
15.2
-.6
2.6
-3.0
2.8
1.6
1.2
3.3
1.5
1.8
-.6
0
-.6
12.4
12.9
10.6
2.0
-.9
.7
-.1
.9
-.3
47.5
9.2
38.6
16.8
13.5
3.4
-1.3
8.8
-9.5
-2.5
7.2
-9.1
1.2
1.7
-.4
19.8
14.5
13.2
1.0
5.0
3.4
2.9
.5
-.6
32.1
3.3
28.7
15.1
8.0
7.0
10.1
-.4
10.1
10.1
0
9.6
0
-.5
.4
3.1
-1.0
-2.3
1.4
4.3
.6
.5
0
.4
I
56.3
—5
56.2
20.0
13.0
7.0
22.8
15.3
7.6
19.5
13.3
6.3
3.4
2.0
1.4
-.6
-.1
-3.2
3.3
-.5
13.7
2.1
11.8
.3
1998
II
III
IV
79.0
6.8
72.1
26.7
18.4
8.4
28.3
24.9
3.9
21.8
20.0
2.2
6.6
4.9
1.7
6.0
1.4
-3.5
5.1
4.7
11.1
1.9
9.3
-.9
51.0
7.3
44.0
15.8
8.4
7.4
16.7
4.5
11.8
14.9
3.6
10.9
1.8
.9
.9
5.0
3.4
.7
2.7
1.6
6.5
2.3
4.2
.1
66.5
3.7
62.7
17.7
8.1
9.5
20.2
8.6
11.4
17.8
7.0
10.5
2.4
1.5
.9
16.9
14.1
10.5
3.3
2.5
8.1
1.2
6.9
.9
I
91.4
5.3
85.9
30.2
21.0
9.2
27.0
25.1
2.3
24.8
22.6
2.6
2.1
2.4
-.3
17.3
1.6
-3.7
5.5
16.1
11.5
.4
11.5
-1.2
II
44.7
8.4
36.6
26.2
19.6
6.8
19.6
10.3
9.2
16.4
8.8
7.6
3.2
1.6
1.7
-17.5
-19.1
-13.9
-5.1
2.1
85
.7
8.0
-1.6
SURVEY OF CURRENT BUSINESS
August 1998
Table 5.12.—Inventories and Domestic Final Sales of Business by Industry Group
[Billions of dollars]
Seasonally adjusted quarterly totals
Line
1994
IV
Inventories J
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
.
.
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
Motor vehicle dealers
Other
Nondurable goods
Other
Durable goods
Nondurable goods
Final sales of domestic business2
Final sales of goods and structures of domestic business 2
II
I
1997
1996
1995
II
I
IV
III
II
I
IV
III
1998
III
II
I
IV
1,200.6 1,235.5 1,247.7 1,251.2 1,261.9 1,266.6 1,280.2 1,292.7 1,299.6 1,309.8 1,323.3 1,339.9 1,348.4 1,363.6 1,369.0
104.4
108.4
109.2
109.2
107.0
98.4
95.4
109.1
110.5
98.3
104.4
104.1
110.8
99.1
110.2
1,096.5 1,131.1 1,148.6 1,155.8 1,163.6 1,168.2 1,173.2 1,183.5 1,195.2 1,201.4 1,214.1 1,229.4 1,239.3 1,252.8 1,258,8
704.1
691.1
682.6
700.6
680.5
669.6
664.9
663.3
657.8
721.5
711.0
644.4
721.6
653.3
625.1
510.3
512.6
525.2
513.5
503.1
503.6
503.3
500.3
531.3
498.0
495.2
486.7
471.4
537.2
528.3
447.1
454.1
449.3
441.4
458.6
437.0
438.3
434.8
466.1
462.0
435.0
432.4
426.9
469.3
413.3
280.4
284.2
277.3
273.9
271.0
271.0
267.7
292.1
287.9
286.0
268.5
265.9
263.6
257.3
295.8
168.9
169.9
174.1
169.9
167.5
165.9
172.7
167.3
174.0
166.3
167.3
156.0
173.5
166.5
163.3
277.5
171.2
106.2
287.3
177.6
109.7
292.6
180.9
111.7
296.6
182.3
114.2
298.9
185.1
113.8
300.9
186.2
114.7
302.4
186.3
116.1
300.5
188:8
111.7
301.5
188.2
113.3
306.7
192.3
114.4
311.9
198.3
113.6
317.8
199.1
118.8
321.0
200.5
120.5
324.8
206.2
118.6
329.0
208.0
121.1
239.8
149.2
90.6
37.6
22.0
15.6
248.7
155.1
93.6
38.7
22.6
16.1
252.9
157.7
95.2
39.7
23.2
16.5
256.6
158.8
97.7
40.0
23.5
16.5
258.2
161.2
97.1
40.7
24.0
16.7
258.9
161.7
97.3
42.0
24.5
17.4
260.8
161.8
99.0
41.6
24.5
17.2
258.0
163.9
94.1
42.5
24.9
17.6
258.8
163.4
95.4
42.7
24.7
17.9
263.8
167.0
96.7
42.9
25.3
17.6
267.7
171.8
95.8
44.2
26.4
17.8
272.9
172.4
100.4
45.0
26.6
18.4
276.0
173.6
102.5
44.9
26.9
18.0
280.2
178.7
101.4
44.6
27.4
17.2
283.7
180.3
103.4
45.3
27.7
17.6
290.7
155.9
79.6
76.3
134.8
298.2
161.0
83.7
77.3
137.1
304.3
165.0
86.0
79.0
139.3
305.6
165.8
84.7
81.2
139.8
307.8
167.6
86.8
80.8
140.1
304.9
164.5
82.8
81.8
140.4
309.4
168.6
85.9
82.7
140.9
315.6
172.8
89.6
83.2
142.7
316.7
172.2
88.6
83.6
144.6
316.3
172.3
87.6
84.8
144.0
316.3
171.5
85.4
86.0
144.9
318.1
172.1
85.6
86.5
146.0
321.4
175.3
88.0
87.4
146.0
325.3
175.8
86.9
88.8
149.5
321.8
170.3
83.1
87.2
151.5
115.0
40.6
74.4
118.7
42.2
76.5
119.2
41.5
77.7
118.6
41.9
76.7
122.1
42.0
80.1
124.1
43.2
80.9
124.4
43.7
80.7
126.0
44.9
81.2
129.8
45.0
84.8
129.0
46.0
83.0
131.9
46.7
85.2
134.8
47.1
87.8
135.0
47.3
87.7
136.6
47.4
89.2
138.7
47.5
91.2
489.2
265.5
494.6
268.2
500.0
269.2
507.9
273.4
514.1
277.2
522.1
281.9
531.3
286.9
535.0
288.1
545.2
293.1
553.0
297.9
559.1
299.4
569.7
305.7
574.6
306.8
582.3
312.5
589.3
313.9
2.45
2 24
4.13
2.50
2.50
2 30
4.27
2.45
2.43
2.41
2.42
2.35
2.34
224
221
221
217
216
216
215
4.20
4.14
4.09
4.11
2.37
2.17
4.03
2.35
226
4.23
2.38
2.19
4.08
2.37
228
4.22
4.05
4.02
4.04
4.01
2.32
2.14
4.01
Ratio of inventories to final sales of domestic business
28
29
30
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures
229
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GDP.
The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices,
The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition,
2.46
changes calculated from this table are at quarterly rates; whereas, CBI is stated at annual rates,
2. Quarterly totals at monthly rates. Final sales of domestic business equajs final sales of domestic product less
gross product of households and institutions and of general government and includes a small amount of final sales
by farm.
Table 5.13.—Real Inventories and Real Domestic Final Sales of Business by Industry Group
[Billions of chained (1992) dollars]
Seasonally adjusted quarterly totals
Line
1994
IV
Inventories
Farm
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1
. . .
.
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
Motor vehicle dealers
Other
Nondurable goods
Other
Durable goods
Nondurable goods
Residual
Final sales of domestic business2
Final sales of goods and structures of domestic business 2
I
II
1997
1996
1995
IV
III
I
II
I
IV
III
II
1998
III
I
IV
II
1,156.6 1,170.1 1,175.5 1,179.2 1,184.2 1,187.8 1,194.3 1,206.2 1,214.3 1,228.3 1,248.1 1,260.8 1,277.5 1,300.3 1,311.5
105.2
106.7
104.4
105.1
109.1
102.6
98.3
98.1
99.2
102.1
106.8
108.6
109.6
110.9
113.0
1 047 7 1 063.4 1 0726 1,080.2 1 0854 1 0880 1 091 8 1 101 5 1 1087 1 122 7 1,140.7 1 151 7 11674 1188 9 11980
659.7
664.4
648.2
672.4
684.2
686^8
640.8
614.4
639.0
5908
602.0
608.5
621.3
624.7
629 0
467.9
474.4
465.7
481.0
464.0
463.2
462.7
462.5
487.3
504.6
461.3
463.9
494.9
511.1
456.8
415.2
411.4
420.2
426.8
401.9
403.2
407.2
430.8
435.2
392.0
395.9
398.9
407.3
442.8
449.3
263.9
267.1
271.7
254.4
245.7
247.7
249.5
252.3
257.9
258.5
261.9
273.8
275.8
281.1
286.0
151.4
153.2
157.1
149.4
149.5
148.8
149.7
155.3
146.2
148.2
149.6
148.8
159.5
161.8
163.5
265.7
164.2
101.5
270.7
168.8
102.0
273.7
171.4
102.4
277.2
173.6
103.7
278.7
177.1
101.8
280.0
178.7
101.5
280.7
179.1
101.8
280.3
181.3
99.4
282.8
181.2
101.9
288.6
185.0
103.8
295.6
191.2
104.8
299.8
192.4
107.7
304.9
194.5
110.6
311.6
200.8
111.2
316.5
203.4
113.5
229.1
142.9
86.2
36.7
21.4
15.3
233.5
147.0
86.5
37.2
21.8
15.4
235.7
149.1
86.6
38.0
22.3
15.7
238.8
150.9
87.9
38.5
22.7
15.8
239.7
153.8
86.1
39.0
23.3
15.7
240.1
154.8
85.5
39.9
23.9
16.0
240.9
155.2
85.9
39.7
23.9
15.8
240.3
157.0
83.6
40.0
24.3
15.7
242.8
157.0
86.1
40.0
24.2
15.8
247.7
160.3
87.6
40.9
24.7
16.2
253.1
165.3
88.2
42.5
25.9
16.6
256.8
166.2
90.9
43.0
26.2
16.9
261.3
168.0
93.5
43.6
26.5
17.1
267.5
173.6
94.1
44.1
27.1
17.0
271.6
175.8
96.0
44.9
27.5
17.4
279.9
144.4
71.8
72.6
135.3
284.9
148.0
74.8
73.2
136.6
288.9
150.9
76.4
74.4
137.7
289.6
151.5
75.2
76.3
137.9
290.3
152.5
76.6
75.9
137.5
287.3
149.9
73.1
76.9
137.2
290.4
153.1
75.8
77.4
136.9
295.3
156.7
79.1
77.6
138.2
296.1
156.5
78.5
77.9
139.2
296.0
156.4
77.7
78.8
139.1
297.5
156.8
76.8
80.0
140.3
298.7
157.6
77.0
80.7
140.7
302.9
161.2
79.6
81.5
141.3
307.3
161.6
78.7
82.9
145.3
302.9
156.8
75.2
81.7
145.9
110.1
36.3
73.8
111.8
37.2
74.6
111.0
36.5
74.6
111.4
36.8
74.7
113.2
37.2
76.0
113.4
38.2
75.1
113.6
38.2
75.3
114.4
38.9
75.5
114.5
39.1
75.5
118.0
39.6
78.4
120.8
40.1
80.7
122.4
40.7
81.8
124.4
41.0
83.5
127.3
41.0
86.4
129.4
41.2
88.4
.4
.7
.9
.8
.4
.5
.3
.5
.5
.4
.2
.6
.4
-.1
461.9
254.9
464.8
256.9
467.8
257.4
473.0
260.9
476.9
264.0
481.9
267.2
488.4
271.7
489.6
272.3
496.9
276.7
500.8
280.1
504.3
281.3
512.3
287.3
515.5
288.4
521.6
294.0
527.2
295.4
2.50
2.27
4.11
2.52
2.29
4.14
2.51
2.29
4.17
2.49
2.28
4.14
2.48
2.28
4.11
246
226
245
224
246
2.45
2.24
4.01
2.47
2.26
4.05
2.46
2.25
4.01
249
249
4.02
2.44
2.23
4.01
248
4.07
2.26
4.05
2.28
4.04
0
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
. •
29
30
31
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas, the change in the 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 of general government and includes a small amount of final sales
by farm.
NOTE.-Chained (1992) dollar inventory series are calculated as the product of the chain-type quantity index and
2 25
4.04
227
4.06
the average of the end-of-year fixed-weighted inventories for 1991 and 1992, divided by 100. Chained (1992) dollar
final sales series are calculated as the product of the chain-type index and the 1992 current-dollar value of the
corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories.
August 1998
SURVEY OF CURRENT BUSINESS
•
Table 5.14.-—Gross Government Fixed Investment by Type
Table 5.15.—Real Gross Government Fixed Investment by Type
[Billions of dollars]
JJ
[Billions of chained (1992) dollars]
Line
1994
1995
1996
205.9
218.3
229.7
Federal
National defense
Nondefense .
2
3
4
67.0
47.6
19.5
66.2
46.2
20.0
67.6
46.9
20.6
59.8
39.7
20.1
State and local
5
138.9
152.1
162.1
175.6
6
129.6
140.3
148.5
158.2
7
8
9
10
11
12
13
16.2
17.2
17.6
15.7
5.8
5.8
2.0
1.4
.7
3.8
6.3
6.3
2.0
1.4
.6
4.4
6.7
6.7
2.0
1.4
.6
4.7
5.7
5.7
1.8
1.4
.4
3.9
14
15
0
10.4
10.9
0
10.9
11.4
0
10.9
11.1
0
10.0
10.5
17
18
3.8
4.5
4.7
4.9
19
20
21
22
23
.7
0
.7
2.4
.4
.8
0
.8
2.9
.4
.7
0
.9
3.1
.4
Line
235.4
.5
0
1.2
3.2
.4
Structures 2
Federal
National defense
New
Buildings
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense .
New
Buildings
Residential
Industrial
Educational
Hospital
Other 4
Highways and streets
Conservation and development
Other 5
Net purchases of used structures
16
24
25
4.4
2.3
4.2
2.3
3.6
2.4
-.4
-.6
-.2
27
28
29
30
31
32
33
34
35
36
37
38
39
40
113.4
110.6
44.9
123.1
120.0
50.8
130.9
127.5
53.6
41
Federal .
..
National defense
Aircraft
Missiles
Ships
Vehicles ....
Electronics
Other equipment
Nondefense ..
State and local..
State and local..
New..
Buildings ...
Residential
Industrial
Educational
Hospital
Other 4 ..
Highways and streets
Conservation and development
Sewer systems
Water systems
Other 5
Net purchases of used structures
Equipment
Addenda:
Government enterprise gross fixed investment
Federal
Structures .
Equipment
State and local
Structures .
Equipment
3.0
3.4
3.5
142.4
138.7
59.1
.3-7
19.5
22.3
23.1
25.9
3.4
3.5
3.7
3.9
19.0
39.7
21.5
41.0
23.3
43.9
25.6
48.1
2.0
8.5
5.7
9.8
2.7
2.5
9.5
6.2
2.9
2.9
10.1
10.0
7.8
10.8
3.1
7.3
9.7
3.4
76.4
78.0
81.2
77.2
42
43
44
45
46
47
48
49
50
50.8
41.8
10.4
49.0
39.9
50.0
40.2
44.1
34.0
5.7
8.1
1.0
4.0
9.0
4.7
8.0
1.1
3.5
9.2
4.3
6.8
1.1
3.5
6.0
3.0
6.1
1.5
3.6
12.6
13.6
15.3
9.0
9.1
9.8
13.9
10.0
51
25.6
29.0
31.2
33.2
10.1
3.7
52
53
43.1
4.3
45.3
4.5
46.8
4.0
49.7
4.1
2.7
1.6
2.9
1.6
2.2
1.8
2.2
2.0
38.8
33.4
40.8
35.2
42.8
37.2
45.5
39.6
5.4
5.6
5.6
5.9
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures includes compensation of government employees engaged in new force-account construction and
related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and
5. Consists primarily of electric and gas facilities, transit systems, and airfields.
211.3
63.8
44.8
19.0
61.7
42.4
19.3
62.7
42.6
20.2
56.1
36.5
19.8
Buildings
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense
New
Buildings
Residential
Industrial
Educational
Hospital
Other4
Highways and streets
Conservation and development
Other 5
Net purchases of used structures
132.2
139.9
145.8
154.8
122.0
126.8
130.1
134.0
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
New
14.9
15.3
15.2
13.1
5.0
5.0
1.9
1.2
.6
3.1
0
9.9
5.4
5.4
1.8
1.2
.6
3.6
0
9.9
10.3
10.5
3.6
4.1
5.5
5.5
1.7
1.2
.5
3.8
0
9.6
9.8
4.1
4.5
4.5
1.5
1.1
.4
3.0
0
8.6
9.0
4.2
.7
0
.6
2.2
.4
4.1
2.2
-.4
.7
0
.7
2.6
.4
3.8
2.1
-.5
.6
0
.8
2.7
.3
3.2
2.1
-.2
.4
0
1.0
2.7
.3
2.7
1.8
-.4
107.1
104.6
42.1
111.5
108.7
45.7
121.0
117.8
50.2
22.0
27
28
29
30
31
32
33
34
35
36
37
38
39
40
State and local
New ...
Buildings
Residential
Industrial
Educational
Hospital
Other4
Highways and streets
Conservation and development
Sewer systems
Water systems
Other5
Net purchases of used structures
2.7
3.0
114.9
112.0
47.1
3.0;
18.2
20.0
20.2
3.1
3.3
3.2
3.4
3.4
17.9
38.3
19.5
37.5
20.5
38.5
21.8
40.6
2.0
7.7
5.1
9.5
2.5
2.3
8.4
5.5
9.4
2.7
2.6
8.8
6.3
8.7
3.0
2.5
8.5
6.6
9.4
3.1
41
73.9
74.7
78.4
76.9
Federal ..
National defense
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
Nondefense
42
43
44
45
46
47
48
49
50
48.8
39.7
46.3
36.9
47.5
37.0
43.0
31.9
8.9
5.6
7.7
.9
4.2
7.2
4.7
7.2
1.0
3.9
6.9
4.6
6.1
1.0
4.4
4.9
3.1
5.4
1.3
4.9
12.2
13.0
9.1
9.4
14.4
10.7
13.0
11.6
State and local
51
25.2
28.6
31.1
34.3
52
.3
-.1
-.6
-1.2
53
54
40.8
4.2
41.5
4.4
55
56
57
58
59
26
1.6
365
26
1.7
371
41.9
3.8
1 9
43.5
4.1
1 9
1.9
31.4
31.9
5.1
5.2
2.3
393
338
5.5
Equipment
Residual
54
55
56
57
58
1997
208.6
5
Federal .
National defense
-.5
1996
201.6
6
State and local
Structures2
3.1
2.1
26
Federal
National defense
Nondefense
1995
196.0
2
3
4
Gross government fixed investment'
1994
1
1997
1
Gross government fixed investment'
. . .
Addenda:
Government enterprise gross fixed investment
Federal.
Structures
Equipment .
State and local
Structures .
Equipment .
.
.
38 0
328
5.2
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures includes compensation of government employees engaged in new force-account construction and
related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and
passenger terminals.
5. Consists primarily of electric and gas facilities, transit systems, and airfields.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines
in the addenda.
Chain-type quantity indexes for the series in this table appear in table 7.13.
SURVEY OF CURRENT BUSINESS
August 1998
6. Income, Employment, and Product by IndustryTable 6.1C—National Income Without Capital Consumption Adjustment by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
1
II
1997
1996
1995
III
IV
I
II
III
IV
I
6,463.3
II
1998
III
IV
I
1
5,574.5
5,719.0 5,790.6
5,845.0
5,934.4 6,012.7
6,079.5
6,183.5
6,259.6
6,328.3
Domestic industries
2
5,566.3 5,878.1 6,200.3 6,606.0 5,718.0 5,772.1
5,822.6
5,925.9 5,992.0
6,059.8 6,169.3
6,254.4
6,317.7 6,465.8 6,558.1 6,664.5
6,735.4
6,832.2
Private industries
3
4,765.6
5,054.5
4,910.6 4,953.8 5,001.1
5,100.3 5,162.9
5,220.3
5,323.2
5,403.2
5,460.6 5,596.8 5,683.5
5,783.9
5,849.7
5,937.2
4
5
98.9
421
2490
87.1
45.3
266.5
101.4
479
281.0
108.6
47.2
286.3
110.9
48.6
292.2
107.5
52.8
306.0
103.0
538
312.5
99.9
549
320.1
National income without capital consumption
adjustment.
Agriculture, forestry, and fishing
Mining
6
Manufacturing
Nondurable aoods
7
8
9
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
10
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
14
11
12
13
15
16
17
5,895.7
6,212.7
6,598.0
5,351.8 5,728.5
106.4
47.9
289.2
106.0
52.5
305.1
92.1
43.3
257.4
86.3
42.5
260.0
84.4
44.9
262.7
84.1
467
270.0
93.5
46,9
273.1
104.8
47.8
297.5
105.5
51.0
299.5
6357.0 6,655.8 6,715.8 6,817.4
108.0
52.3
302.4
1,007.1 1,065.2 1,085.9 1,151.0 1,042.6 1,051.7 1,056.1 1,075.2 1,077.6 1,063.6 1,084.1 1,094.4 1,101.6 1,117.3 1,142.8 1,168.8 1,175.1 1,170.9
596.4
633.0
650.7
659.4
596.6
599.5
627.0
674.1
617.9
602.2
608.3
619.1
625.9
680.0
603.3
606.3
577.8
678.8
459.5
469.4
474.6
484.3
492.2
468.0
491.6
446.2
449.5
464.0
465.0
468.5
429.2
461.8
469.0
494.6
495.1
492.1
4215
176.3
1242
120.9
4428
184.3
1295
129.0
464.7
195.0
137.0
132.7
480.9
208.0
139.3
133.6
435.6
182.9
128.4
124.3
433.5
182.2
126.6
124.7
437.3
183.5
126.5
127.4
448.8
184.6
132.6
131.7
451.5
187.0
1323
132.2
456.1
188.3
133.9
133.9
466.6
194.7
137.5
134.5
468.7
199.9
139.5
129.3
467.4
197.2
137.1
133.1
473.3
202.4
137.2
133.8
476.3
205.3
136.5
134.4
484.4
210.6
141.4
132.4
489.4
213.6
'142.0
133.8
4973
213.7
1485
135.0
367.4
384.2
341.1
342.2
374.6
382.4
350.9
317.9
316.9
318.6
330.6
352.9
389.4
334.3
390.3
309.1
325.1
400.9
5432
536.0
509.6
474.4
478.8
483.9
487.4
497.2
507.7
519.8
537.5
476.1
513.8
5466
5528
4618
4811
5670
980.4
996.7 1,012.4 1,032.9 1,044.4 1,063.6 1,086.0 1,101.6 1,105.8 1,161.9 1,181.3 1,201.9 1,223.0 1,245.4
946.2 1,021.6 1,089.2 1,192.0
1,230.0 1,319.9 1,407.9 1,513.6 1,265.2 1,291.7 1,305.9 1,327.9 1,354.1 1,368.5 1,394.5 1,420.0 1,448.6 1,477.7 1,500.6 1,526.5 1,549.8 1,580.6
Government
18
800.7
823.6
848.5
8775
807.4
818.2
821.5
825.6
829.1
839.5
846.1
851.3
857.1
869.1
874.6
880.6
885.7
895.0
Rest of the world
19
8.2
17.5
12.4
-8.0
1.1
18.5
22.4
8.4
20.7
19.7
14.2
5.2
10.6
-2.5
-1.1
-8.7
-19.6
-14.8
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
II
August 1998
SURVEY OF CURRENT BUSINESS
Table 6.2C—Compensation of Employees by Industry
Table 6.3C—Wage and Salary Accruals by Industry
[Millions of dollars]
[Millions of dollars]
Line
Compensation of employees
Domestic industries
Private industries
Agriculture, forestry, and fishing
Farms;...;:;::
;
:
Agricultural services, forestry, and fishing
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 products
Textile mill products
Apparel ana 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
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
Health services
Legal services
Educational services
Social services and membership organizations
Social services
Membership organizations
Other services'
Private households
Gov©rnm6nt
>*..•.«..*.
..*
Federal
General government
Civilian
Military2
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 3
Addenda:
Households and institutions
Nonfarm business
1994
1995
1996
1994
1995
1996
1997
9
10
11
12
13
14
15
16
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
86
87
88
89
Wage and salary accruals
Domestic industries
Private industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing ,
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 products
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
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
Health services
Legal services
Educational services
Social services and membership organizations ...
Social services
Membership organizations
Other services •
Private households
Government
Federal
General government
Civilian
Military2
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 3
90
91
312,741 331,370 345,034 361,412
•972,798 3,129,403 1,291,981 3,527,365
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
2. Includes Coast Guard.
3. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
2. Includes Coast Guard.
3. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Line
1997
4,012,002 4,208,870 4,409,048 4,687,227
4,014,482 4,211,572 4,411,780 4,690,309
3,213,81 3,387,953 3,563,288 3,812,807
34,780
42,006
36,988
39,623
16,849
14,477
15,627
16,457
25,157
20,303
21,3623,166
36,046
32,656
32,857
33,639
3,321
2,791
3,148
3,352
5,939
6,375
6,138
5,965
21,742
19,069
18,932
19,544
5,044
4,421
4,639
4,778
182,016 193,550 208,925 227,550
792,034 813,922 829,590 877,630
486,844 502,834 511,897 545,567
23,018
23,790
24,811
26,227
14,927
.15,441
16,788
15,756
21,564
22,040
23,959
22,871
36,102
37,102
38,722
37,598
58,501
63,405
59,883
56,398
100,778 105,029 114,334
95,407
87,277
80,699
72,726
77,006
59,791
61,771
63,604
57,115
50,630
46,080
46,843
47,367
50,404
47,940
44,806
45,513
14,030
12,979
13,352
12,758
332,063
305,190 311,088 317,693
64,563
59,381
60,983
62,316
3,030
2,768
2,932
2,993
19,457
19,274
18,924
18,787
20,308
21,352
20,960
20,350
34,808
32,236
32,886
33,561
65,957
58,652
60,325
62,415
71,577
63,653
65,201
67,460
11,026
10,769
10,744
10,669
38,620
34,133
35,262
36,423
2,717
2,871
2,972
2,719
265,575 276,425 287,024 304,209
144,649 150,390 157,500 166,582
15,974
15,346
15,335
15,677
10,559
8,911
10,002
9,303
63,109
59,865
63,763
66,708
8,541
7,961
7,757
7,831
51,066
48,000
34,424
35,720
1,012
1,000
1,126
1,050
16,321
14,995
13,322
14,443
81,661
74,923
67,070
71,435
55,989
51,679
53,990
19,963
18,934
15,391
17,445
53,856
54,600
54,601
55,966
310,690
276,103 289,402
365,722 382,895 399,459 421,469
384,579
310,211 324,678 353,791
88,915
80,121
77,101
29,586
25,075
21,684
21,474
81,931
72,090
59,440
53,798
79,931
75,941
72,682
70,378
35,180
32,787
30,988
29,514
48,891
44,988
42,175
41,284
20,145
18,812
17,588
16,662
1,208,628
970,992 1,050,535 1,121,835
39,606
37,432
34,231
35,640
26,058
24,872
22,439
23,836
256,237
168,265
193,807 221,435
32,184
25,924
27,784
30,242
12,493
10,222
11,239
12,059
20,060
14,426
16,864
18,613
40,646
31,264
34,578
37,277
325,041 344,286 357,093 372,635
63,231
58,219
60,101
57,683
49,079
51,938
54,476
91,106
86,121
95,523 100,368
45,464
47,864
51,087
42,375
45,642
47,659
49,281
43,746
149,417
175,437
136,059
11,821
11,943
11,990
11,035
800,668 823,619 848,492 877,502
258,006 258,024 263,137 266,971
208,312 207,395 211,310 213,508
123,976 124,063 125,217 127,483
86,093
86,024
84,336
83,332
51,827
53,464
50,629
585,355 610,531
542,662 565,595
506,154 527,777 546,998 571,175
265,457 278,320 290,385 304,733
240,697 249,457 256,613 266,442
39,356
38,357
36,508
37,818
-3,082
-2,732
-2,702
-2,480
1,252
1,298
1,284
1,239
4,334
4,030
3,986
3,719
10
11
12
13
14
15
16
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
86
87
88
89
3,254,030 3,441,903 3,640,421 3,893,552
3,256,511 3,444,605 3,643,153 3,896,634
2,654,320 2,821,887 3,002,276 3,232,458
29,852
31,94
36,611
34,535
14,408
12,325
13,336
14,203
22,203
17,527
18,605
20,332
29,935
26,378
26,809
27,658
2,684
2,187
2,515
2,705
4,750
4,993
4,84
4,739
18,292
15,606
16,257
15,635
4,209
3,592
3,81"
3,95'
189,068
147,425
157,729 172,253
720,554
625,496 651,191 676,71
447,678
379,616 397,941 417,035
21,756
18,495
20,458
19,399
13,921
11,986
12,986
12,583
19,575
17,054
17,650
18,560
29,866
26,841
27,962
28,845
51,797
44,496
46,796
48,51
95,263
76,720
82,178
72,555
58,302
62,580
66,392
48,708
42,384
44,871
46,678
40,635
36,861
36,125
37,255
41,746
35,960
36,963
39,428
11,856
10,517
10,834
11,233
272,876
2^5,880 253,250 259,676
52,843
47,614
49,508
50,745
2,316
2,062
2,281
2,209
16,196
15,840
15,691
15,629
16,817
17,442
17,290
16,800
26,230
27,039
27,649 . 28,797
55,218
48,193
50,084
51,995
58,427
50,743
52,485
54,6r
8,165
7,796
7,804
7,861
27,527
28,771
31,845
29,852
2,433
2,369
2,247
2,252
211,840 222,041 232,331 247,490
133,889
113,626
119,055
125,919
11,815
11,249
11,286
11,568
8,794
7,292
7,662
8,287
50,493
49,750
52,526
47,032
6,939
6,238
6,324
6,485
27,189
41,309
28,408
39,214
929
868
828
847
10,979
11,981
12,505
13,692
55,320
59,282
62,430
68,416
42,517
44,650
46,500
51,605
12,803
14,632
15,930
16,811
42,894
43,704
43,982
45,185
217,964 234,475 246,964 266,289
313,776 329,863 346,009 366,696
327,555
260,045 273,048 300,194
73,794
62,949
65,613
69,512
25,387
18,087
18,319
21,307
72,330
46,857
51,922
63,625
66,907
58,148
60,182
63,383
30,184
25,039
26,363
28,025
41,486
34,567
35,423
37,990
17,467
14,398
15,226
16,352
1,048,260
821,544 894,790 965,621
34,275
30,319
32,135
23,021
19,383
20,757
21,831 223,291
142,292
165,266 190,945
28,054
22,053
23,798
26,180
10,875
8,709
9,646
10,445
17,444
12,224
14,412
16,030
34,980
26,179
29,223
31,843
271,678 289,645 303,770 319,192
54,852
48,407
49,738
51,862
49,737
41,294
46,704
44,001
87,633
73,364
78,026
82,766
43,581
35,109
37,970
40,468
44,052
38,255
40,056
42,298
116,205
128,396 139,425 153,175
11,731
10,790
11,563
11,685
602,190 622,718 640,877 664,176
177,508
173,413 174,778 175,633 141,405
139,744 140,441 140,449
86,375
84,864
85,622
84,825
55,030
54,880
54,827
55,616
36,103
35,184
33,669
34,337
486,668
428,777 447,940 465,244 454,783
399,489 417,438 434,225 240,476
207,472 218,026
214,307
192,017 199,412 205,839
31,885
29,288
30,502
31,019
-3,082
1,252
-4,480
-2,702
-2,732
1,239
4,334
1,284
1,298
3,719
3,986
4,030
SURVEY OF CURRENT BUSINESS
8O • August
Table 6.4C—Full-Time and Part-Time Employees by Industry
Table 6.5C—Full-Time Equivalent Employees by Industry
[Thousands]
[Thousands]
Line
1994
1995
1996
124,576
127,015
129,980
Domestic industries
122,258
125,146
127,567
130,567
100,326
103,188
105,606
108,498
1,936
840
2,004
868
1,136
2,079
870
1,209
2,133
876
1,257
587
52
106
321
108
583
54
600
53
99
97
340
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
1,096
606
49
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
113
339
105
110
5,197
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 products
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
5,386
5,671
5,951
18,428
Construction
18,591
10,722
18,575
10,835
801
506
546
18,758
11,054
819
513
555
710
1,485
2,173
1,690
983
858
10,507
776
505
535
697
1,396
2,000
1,582
900
852
860
404
7,921
1,683
43
681
982
693
1,566
1,056
147
954
116
6,060
3,834
233
407
Transportation and public utilities
Transportation
790
512
541
707
1,444
2,070
1,625
709
1,452
2,116
1,659
970
967
817
842
404
821
855
403
7,740
1,697
41
630
874
682
1,565
1,032
139
981
99
7,869
1,688
41
664
945
692
1,570
1,039
143
978
109
6,176
6,294
4,063
224
440
864
404
7,704
1,694
41
616
829
685
1,577
1,036
137
997
92
6,462
906
6,476
6,561
6,740
21,159
21,867
22,255
7,021
Wholesale trade
Retail trade
6,929
2,023
463
553
7,052
2,018
513
581
1,505
746
22,620
7,243
2,028
573
630
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
2,068
488
543
1,522
723
1,422
255
33,684
1,500
732
1,410
248
1,658
177
1,119
14
431
1,349
937
412
882
1,442
247
36,536
1,712
1,276
3
21,961
5,552
4,570
2,026
2,544
5,386
4,398
1,952
2,446
972
87
21,958
982
16,212
15,295
8,220
7,075
917
Government enterprises
1,056
2,073
4,618
2,435
2,183
3,050
1,281
5,720
4,748
2,100
2,648
State and local
General government
Education
Other
1,132
374
507
1,517
21,932
Federal
General government
Civilian
Military2
Government enterprises
6,935
1,075
350
458
1,421
9,318
1,059
2,024
4,478
2,328
2,150
2,877
1,284
Government
35,172
1,757
1,300
6,352
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations ..
Social services
Membership organizations
Other services'
Private households.
16,406
15,482
8,383
988
16,575
-563
9,572
7,099
924
-570
1,794
1,317
7,484
1,205
1,522
767
1,481
242
37,991
1,828
1,323
8,161
1,245
389
539
389
563
1,591
9,813
1,063
2,134
1,668
10,033
1,083
2,196
4,759
4,925
2,622
2,303
3,344
2,515
2,244
3,202
1,246
15,662
8,536
7,126
913
-552
1,233
22,069
5,263
4,282
1,899
2,383
981
16,806
15,905
8,751
7,154
901
-587
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
2. Includes Coast Guard.
3. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
113,729
116,532
93,115
95,396
98,129
1,755
744
1,011
1,816
, 746
1,070
1,835
751
1,084
575
52
103
315
105
572
54
97
315
106
588
53
49
110
332
102
Construction
95
333
107
4,883
5,181
5,444
5,739
18,013
10,337
758
18,188
10,560
772
502
530
697
1,421
2,051
1,606
18,164
10,661
782
497
532
704
1,425
2,073
1,644
958
815
843
388
7,503
1,654
40
18,339
10,874
493
528
692
1,371
1,964
1,564
892
844
846
385
7,676
1,633
43
670
960
685
1,449
1,037
145
941
113
,
961
809
827
384
7,628
1,642
41
654
919
684
1,450
1,027
142
962
107
5,664
3,564
220
5,782
371
1,720
167
698
384
1,788
167
728
17
371
1,182
838
344
918
Wholesale trade
933
6,235
179
750
'.
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 products
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
;:
111,468
954
593
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
3,961
232
420
1,912
178
781
15
423
1,309
916
393
1,843
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
4,170
220
457
1,704
183
1,139
14
453
1,422
1,004
418
870
17
405
1,293
916
377
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
Rest of the world
321
109
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
1997
116,029
1,674
720
.....
1996
113,256
108,478
Private industries
1995
110,980
90,186
Domestic industries
Private industries
Full-time equivalent employees'
1994
107,996
1997
121,695
Line
Full-time and part-time employees .
1,197
838
359
895
3,690
220
15
388
624
846
676
1,445
1,020
138
965
95
5,885
3,783
212
402
1,550
166
1,043
14
396
1,230
855
375
872
792
501
544
705
1,461
2,139
1,671
974
850
850
387
7,465
1,651
40
610
803
674
1,463
1,019
135
981
89
6,032
3,880
208
418
1,592
171
1,061
14
416
1,294
914
380
858
5,971
6,281
6,452
18,029
18,382
18,745
6,620
6,552
6,636
6,784
1,972
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
6,201
17,307
Retail trade
1,935
446
532
1,451
1,921
491
557
1,449
707
1,274
237
1,921
546
468
521
1,468
687
697
1,259
245
1,252
29,461
1,479
1,118
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
,
Social services and membership organizations
Social services
Membership organizations
Other services 2
Private households
30,852
1,522
1,139
6,372
1,061
343
5,795
• 1,005
320
355
1,143
8,288
239
394
1,229
8,496
32,216
1,561
1,162
6,875
1,136
358
421
1,295
8,778
940
Government
937
944
1,747
3,808
2,020
1,788
2,642
821
1,799
2,118
1,815
2,808
819
1,862
4,065
2,199
1,866
3,933
601
1,459
724
1,302
231
33,615
1,599
1,159
7,538
1,179
360
442
1,363
8,984
962
2,963
796
1,912
4,219
2,304
1,915
3,110
788
18,292
18,353
18,333
18,403
Federal
General government
Civilian
Military3
Government enterprises
4,661
3,867
2,052
1,815
4,564
3,764
2,026
1,738
800
4,415
3,614
1,952
1,662
801
4,307
3,513
1,899
1,614
794
State and local
General government
Education
Other
Government enterprises
13,631
12,754
6,635
6,119
877
13,789
12,903
13,918
13,042
6,765
6,880
6,138
6,162
876
14,096
13,230
7,044
6,186
866
-473
-503
Rest of the world 4
794
87
-*82
1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of
employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in
each industry is the product of the total number of employees and the ratio of average weekly hours per employee
for all employees to average weekly hours per employee on full-time schedules.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
SURVEY OF CURRENT BUSINESS
Line
1994
1995
1996 1997
30,131
31,014
32,143
33,557
Domestic industries
30,020
30,902
32,034
33,438
Private industries
29,432
30,305
31,472
32,941
Wage and salary accruals per full-time equivalent
employee.
Mining
Metal mining
Coalmining
,
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 products
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
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions ..
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services
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
Health services
Legal services
Educational services
Social services and membership organizations
Social services ..
Membership organizations
Other services' ...»
Private households
Government
Federal
General government
Civilian
Military2
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world
.....
10
11
12
13
14
15
16
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
86
87
17,833
17,118
18,372
44,482
44,633
45,391
47,006
35,216
30,191
34,725
36,724
24,400
24,312
32,299
38,788
32,455
39,063
37,277
47,516
43,674
42,506
27,317
32,032
29,157
47,953
23,642
18,169
38,292
33,259
48,932
53,766
29,253
21,531
37,401
31,882
51,132
19,655
28,924
37,353
38,953
54,647
29,593
46,802
50,736
37,218
46,725
36,504
18,130
39,282
31,921
38,647
89,937
39,610
36,447
27,456
58,767
27,886
19,585
17,337
24,554
21,943
27,216
34,434
22,904
32,780
51,497
23,637
19,266
17,381
21,395
43,984
13,143
32,921
37,205
36,138
41,357
30,237
42,404
31,456
31,323
31,269
31,380
33,396
19,951
18,200
19,01!
19,185
17,925
19,039
20,482
18,403
19,002
50,910
46,624
48,353
50,642
48,365
50,093
50,000
47,058
48,856
54,931
49,635
51,610
39,336
36,305
37,330
32,944
30,444
31,641
39,291
35,803
37,256
41,170
37,684
39,118
27,470
25,128
26,161
27,786
25,066
26,129
35,983
33,302
34,887
42,363
40,118
40,973
35,453
32,932
34,047
44,536
40,067
41,815
43,420
38,966
40,384
50,008
46,692
48,724
47,806
44,654
45,712
49,113
44,695
46,771
30,636
28,214
28,951
36,554
33,200
34,610
32,007
30,151
30,680
57,900
53,878
57,025
26,551
23,992
25,046
20,943
18,814
19,858
42,726
39,531
40,901
37,743
34,541
35,983
57,338
51,105
53,546
60,481
54,958
56,964
32,462
29,907
30,935
25,303
22,140
23,653
41,030
38,402
39,479
34,507
32,264
33,285
56,803
51,300
54,566
21,038
19,953
20,614
31,717
29,377
30,343
40,579
37,868
39,066
38,934
39,022
37,597
60,500
57,867
59,143
32,913
30,879
31,578
52,872
49,525
50,756
56,461
53,282
54,386
44,239
40,758
42,480
52,663
48,831
50,438
41,272
37,812
39,319
19,562
18,296
18,823
48,283
41,674
45,237
38,414
33,909
36,185
46,496
41,074
43,395
97,598 114,228 120,349
45,858
41,476
43,743
41,691
37,824
31,863
28,293
29,819
75,615
63,707
31,184
29,003
29,973
21,435
19,920
20,586
19,863
18,787
18,224
29,622
27,774
25,936
23,795
23,046
22,430
30,208
29,176
28,122
38,076
36,579
25,664
24,589
23,778
35,529
34,606
34,092
57,019
54,939
53,082
26,013
25,083
24,459
20,771
20,361
19,839
18,915
18,403
17,927
22,668
23,004
22,069
47,055
49,252
45,725
14,680
14,887
14,118
34,958
36,091
33,930
39,781
41,214
38,295
38,862
40,252
37,312
43,864
45,484
41,868
34,095
32,000
43,925
45,470
42,921
33,428
34,525
32,485
33,294
34,375
32,352
33,196
34,139
32,229
32,488
33,405
34,644
34,427
36,819
35,410
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
2. Includes Coast Guard.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
8l
[Thousands]
[Dollars]
Line
•
Table 6.7C—Self-Employed Persons by Industry Group
Table 6.6C—Wage and Salary Accruals Per Full-Time Equivalent
Employee by Industry
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
August 1998
Self-employed persons 1
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing ..,
Mining
Construction
Manufacturing
1994
1995
1996
1997
10,564
10,680
10,694
10,722
1,474
1,648
1,577
1,510
1,071
1,256
1,146
1,095
403
392
431
415
14
15
14
15
1,523
1,476
1,512
1,508
432
448
419
434
Durable goods
247
262
254
260
Nondurable goods
185
186
165
174
381
396
435
437
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
353
362
314
283
1,590
1,458
1,495
1,527
631
666
680
636
4,166
4,211
4,248
4,372
1. Consists of active proprietors or partners who devote a majority of their working hours to their unincorporated
businesses.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
SURVEY OF CURRENT BUSINESS
82 • August 1998
Table 6.9C—Hours Worked by Full-Time and Part-Time Employees by
Industry Group
Table 6.8C—Persons Engaged in Production by Industry
[Thousands]
Line
1994
1995
1996
[Millions of hours]
1997
118,560
121,660
123,917
119,042
122,148
124,390
127,254
Private industries
100,750
103,795
106,057
3,403
2,000
1,403
3,360
1,859
1,501
3,345
1,846
1,499
607
49
110
345
103
590
52
103
327
108
586
54
97
327
603
53
95
346
108
109
6,406
6,657
6,956
7,247
18,445
10,584
835
515
544
693
18,636
10,822
18,583
10,915
18,773
11,134
866
525
549
700
859
865
530
565
706
1,390
1,442
2,084
1,615
Persons engaged in production'
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
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 products
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
Transportation by air
Pipelines, except natural gas
Transportation services..
Communications
Telephone and telegraph
Radio and television
Electric, gas, and 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
Health services
Legal services
Educational services
Social services and membership organizations .
Social services
Membership organizations
Other services2
Private households.
Government
Federal
General government
Civilian
Military3
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 4
1,996
1,573
895
850
853
440
7,861
1,654
43
676
963
816
835
427
7,814
1,659
41
661
521
564
707
1,446
2,095
1,654
960
820
850
439
7,668
1,664
40
632
1,481
2,171
1,680
976
855
859
446
7,639
1,676
40
618
831
677
145
951
118
142
967
111
881
677
1,536
1,027
138
971
102
6,045
6,178
4,048
220
431
2,051
178
734
15
419
1,221
852
6,320
4,182
212
444
1,854
174
1,050
14
434
1,260
874
878
6,324
369
909
6,563
6,595
6,735
18,897
19,487
19,877
20,272
7,251
1,973
485
7,218
1,937
466
7,316
1,923
506
592
621
1,451
856
1,648
239
1,449
873
1,681
237
7,420
1,922
562
680
1,459
877
1,689
231
951
686
1,551
1,039
3,922
220
437
1,977
175
704
17
392
1,192
844
348
931
1,468
853
1,635
245
33,627
1,560
1,036
1,560
1,026
135
987
4,279
208
480
1,877
179
1,066
14
455
1,325
939
386
647
35,063
1,594
1,783
7,116
1,362
593
544
1,327
8,909
1,173
1,913
36,464
2,563
4,490
2,675
1,788
3,254
821
1,815
3,440
819
4,624
2,758
1,866
3,580
796
2,017
4,802
2,887
1,915
3,803
788
18,292
18,353
18,333
18,403
4,661
3,867
2,052
1,815
4,564
3,764
4,415
3,614
1,952
1,662
801
4,307
3,513
1,899
1,614
13,918
13,042
6,880
6,162
876
14,096
13,230
7,044
-473
-603
1,549
1,725
6,538
1,338
568
498
1,264
8,677
1,184
1,860
4,351
794
13,631
12,754
6,635
6,119
877
-482
2,026
1,738
800
13,789
12,903
6,765
6,138
1,631
1,812
7,671
1,480
575
572
1,422
9,174
1,147
1,980
37,987
1,673
1,802
8,293
1,507
588
594
1,513
9,404
1,203
794
1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family
workers are not included.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Private industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
1994
1995
1996
1997
209,227
213,345
219,223
210,383
214,470
220,420
172,278
Hours worked by full-time and part-time employees
203,920
205,067
108,851
3,148
1,791
1,357
Line
126,751
Domestic industries
177,590
181*711
187,553
3,442
1,733
1,709
3,578
1,795
1,783
3,706
1,808
1,898
3,800
1,821
1,979
1,296
1,282
1,287
1,330
Construction
10,177
10,574
11,162
11,743
Manufacturing
Durable goods
Nondurable goods
36,327
20,944
15,383
36,474
21,224
15,250
36,403
21,421
14,982
37,022
22,017
15,005
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
11,279
7,131
2,351
1,797
11,728
7,511
2,430
1,787
11,941
7,673
2,533
1,735
12,296
7,923
2,665
1,708
Wholesale trade
11,601
12,179
12,338
12,708
Retail trade
31,491
32,425
32,997
33,633
Finance, insurance, and real estate
11,947
11,911
12,141
12,550
Services
54,718
57,439
59,736
62,471
32,789
29,398
3,391
32,793
29,365
3,428
32,759
29,342
3,417
32,867
29,479
3,388
-1,147
-1,156
-1,125
-1,197
Government
General government
Government enterprises
Rest of the world l
.
;
1. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
SURVEY OF CURRENT BUSINESS
Table 6.10C—Employer Contributions for Social Insurance by Industry
Group
August
Table 6.11C—Other Labor Income by Industry Group and by Type
[Millions of dollars]
[Millions of dollars]
Line
Line
1994
1995
404,970
401,645
386,954 392,944
Domestic industries
404,970
401,645
386,954
392,944
Private industries
346,146
343,002
327,573
332,465
Agriculture, forestry, and fishing
2,271
2,270
2,259
2,363
Mining
4,066
3,850
3,735
3,718
20,872
21,539
21,581
22,369
114,198
75,174
39,024
109,144
71,868
37,276
98,273
61,052
37,221
99,780
62,214
37,566
Transportation and public utilities
Trsnsportfltion ......••.•.•..*
*
Communications
Electric, gas, and sanitary services .
34,961
19,632
7,608
7,721
35,148
19,695
7,787
7,666
34,689
19,515
7,839
7,335
35,689
20,101
8,166
7,422
24,472
23,192
23,272
24,030
25,606
25,740
25,360
25,590
31,169
31,874
32,110
33,553
59,381
60,479
396,377 381,464
387,201
1995
1996
353,002
365,322
381,673
400,731
353,002
365,322
381,673
400,731
213,348
223,064
233,439 247,884
Agriculture, forestry, and fishing
2,657
2,777
2,829
3,032
Mining
2,212
2,198
2,246
2,393
13,719
14,282
15,091
16,113
Construction
52,340
32,054
20,286
53,587
33,025
20,562
54,606
33,810
20,796
57,296
35,675
21,621
Manufacturing
Durable goods
Nondurable goods
18,774
11,391
4,142
3,241
19,236
11,640
4,366
3,230
20,004
12,066
4,654
3,284
21,030
12,592
5,079
3,359
Employer contributions for social insurance .
Domestic industries
Private industries .......
......
Construction
;
,
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
,
,
1994
1997
Other labor income
1996
By industry
Wholesale trade
17,392
18,436
19,166
20,371
Wholesale trade
Retail trade
26,340
27,292
28,090
29,183
Retail trade
Finance, insurance, and real estate
18,997
19,756
21,487
23,471
Finance, insurance, and real estate
74,995
Services
88,531
90,245
148,234
152,847
Government
58,824
58,643
Services
60,917
65,500
Government
139,654
142,258
Rest of the world
1997
.-
85,373
Rest of the world
By type
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Employer contributions to private pension and welfare funds
Pension and profit-sharing
Group insurance
Group health insurance
Group life insurance .
Workers' compensation
Supplemental unemployment
Other 1
Addenda:
Benefits paid by private pension and welfare funds
Pension and profit-sharing
Group health insurance
Group life insurance .
Workers' compensation
Supplemental unemployment
399,871
93,754 78,617 80,608
266,998 263,529 264,252 267,995
259,820 256,309 256,370 259,439
7,178
7,220
7,882
8,556
40,792 38,782 38,299 38,257
312
260
296
341
91,821
5,099
5,268
480,740
165,434
267,120
12,320
498,395
186,729
264,334
35,647
12,620
34,504
219
208
1. Consists largely of directors' fees and of judicial fees.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
5,490
5,743
537,401
205,099 219,456
518,139
266,713
13,097
33,043
187
271,233
13,464
33,035
213
84
SURVEY OF CURRENT BUSINESS
• August 1998
Table 6.14C—Inventory Valuation Adjustment to Nonfarm Incomes by
Legal Form of Organization and Industry Group
Table 6.12C—Nonfarm Proprietors' Income by Industry Group
[Millions of dollars]
Line
1994
1995
414,958
442,728
Agricultural services, forestry, and fishing
8,103
7,869
6,840
Mining
4,471
6,079
6,808
7,535
Construction
54,111
56,094
58,916
59,336
Manufacturing
Durable goods
Nondurable goods
27,585
11,850
15,735
30,749
13,355
17,394
28,035
11,996
16,039
29,947
12,806
17,141
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
33,126
15,200
8,905
9,021
38,004
16,001
10,767
11,236
40,491
16,446
11,232
12,813
42,807
17,213
11,380
14,214
[Millions of dollars]
7,104
Nonfarm proprietors' income ....
1996
1997
Line
1994
1995
1
-16,680
-24,267
-1,869
7,439
2
-16,065
-22,632
-1,243
6 864
Mining ..
3
-243
-5
-688
354
Construction
4
-1,451
-645
-523
-162
Manufacturing
Durable goods
Nondurable goods
5
6
7
-7,209
^,125
-3,084
-10,570
-3,874
-6,696
2,179
2,603
-424
2,220
640
1,580
8
9
10
11
-52
-62
-68
78
-103
-210
104
3
-699
-578
144
-265
926
521
250
155
12
-3,864
-5,958
792
2,360
13
-2816
-3275
-2101
1 076
14
-430
- 1 876
-203
90
15
-€15
-1635
-626
575
461,620 485,332
Inventory valuation adjustment to nonfarm incomes ...
Corporate business
.
Wholesale trade
13,536
13,879
14,670
15,604
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Retail trade
39,483
40,996
42,596
44,454
Wholesale trade
Finance, insurance, and real estate
36,981
44,903
50,124
50,626
Retail trade
197,562
1,445
15,433
44,313
10,587
4,911
4,145
5,633
49,959
32,890
28,246
204,155
2,195
15,344
45,625
10,141
5,334
5,014
7,328
50,097
33,702
29,375
213,140
2,679
14,983
50,995
10,009
4,928
5,182
7,319
50,731
35,373
30,941
227,919
2,657
15,512
56,271
10,475
5,379
5,508
7,893
52,943
37,976
33,305
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Other 1
1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for
management and public relations; and miscellaneous services, not elsewhere classified.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Other
.
.
.
Noncorporate business
16
.
Construction
Manufacturing
Durable goods
Nondurable goods
. .
-25
-1
-106
54
-223
-149
-100
-31
18
19
20
210
130
80
-251
-70
-181
85
91
-$
18
11
7
...
Retail trade
.
104
Other
21
-111
-224
35
22
-348
-443
-332
125
23
Wholesale trade
-118
-567
-208
305
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Table 6.15C—Net Interest by Industry Group
[Millions of dollars]
[Millions of dollars]
Line
1994
1995
1996
1
183,581
186,571
196,262
206,528
Agriculture forestry and fishing
Farms
Agricultural services, forestry, and fishing
2
3
4
15,760
13,877
1,883
16,971
14,801
2,170
17,963
15,656
2,307
18,969
16,552
Mining
5
5,238
5,251
5,043
5,169
Construction
Construction
6
5,304
5,273
5,808
6,076
Manufacturing
Durable goods
Nondurable goods
7
8
9
5,628
2,790
2,838
6,038
3,124
2,914
8,375
5,208
3,167
8,443
5,133
3,310
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
10
11
12
13
13,366
4,604
4,731
4,032
14,041
4,772
6,333
2,935
15,249
5,320
6,962
2,968
15,926
5,543
7,338
3,045
Wholesale trade
14
1,705
1,622
1,270
1,396
Retail trade
Retail trade .
15
7,203
7,224
7,592
7,912
Finance, insurance, and real estate
Finance and insurance
Real estate
Owner-occupied nonfarm housing
Other
16
17
18
19
20
103,518
2,004
101,513
43,681
57,833
103,409
2,305
101,103
45,824
55,280
107,699
2,616
105,083
48,538
56,545
114,090
2,733
111,357
51,944
59,413
Finance, insurance, and real estate ....
Finance
Services
Hotels and other lodging places
Personal services
Business services
Auto repair services and parking
Miscellaneous repair services .
Motion pictures
Amusement and recreation services
Health services
Legal services .
Other'
21
22
23
24
25
26
27
28
29
30
31
25,858
3,857
1,627
7,433
2,075
589
527
1,143
3,718
1,467
3,423
26,743
4,032
1,440
7,937
2,284
463
793
1,053
3,746
1,356
3,638
1995
1996
420,603
418,646
431,966
1997
Domestic industries
474,978
28,546
27,262
4,162
1,587
7,728
2,160
491
355
1,339
4,189 ....
1,604
3,647
499,912
535,897
Agriculture, forestry, and fishing .
9,801
10,110
10,406
10,859
Mining
1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for
management and public relations; and services, not elsewhere classified.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
1994
412,257
1997
Net interest
Noncorporate capital consumption allowances
1997
17
Mining
Table 6.13C—Noncorporate Capital Consumption Allowances by
Industry Group
Line
1996
1,847
1,779
2,040
1,889
801
394
651
391
Manufacturing
Durable goods
Nondurable goods
35,644
2,256
33,389
36,831
74
36,757
32,568
-<3,297
35,866
29,038
-6,230
35,268
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services .
6,072
11,534
22,082
42,400
6,658
13,430
22,311
44,602
6,474
14,924
23,204
45,100
6,442
14,904
23,754
Wholesale trade
Other
Services
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world .
6,381
9,179
8,900
8,023
10,994
14,386
16,124
15,971
354,820 360,622 369,502
40,062 28,758 35,769
345,507 354,275
410,094
-13,643 -20,542
-24,093
324,351
-9,593
15,002
-62,720
78,376
141,096
60,126
374,062
14,224
15,118
14,531
-€9,323
99,972
169,295
-81,267
99,713
180,980
-103,932
114,798
218,730
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 1998 •
SURVEY OF CURRENT BUSINESS
85
Table 6.16C—Corporate Profits by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
I
II
1997
1996
III
IV
1
II
I".
IV
I
II
1998
III
IV
I
Domestic industries
•.
•
.
1
570.5
672.4
750.4
817.9
617.7
629.3
653.9
698.6
707.8
735.9
748.3
755.4
762.0
794.3
815.5
840.9
820.8
829.2
2
Corporate profits with inventory valuation
and capital consumption adjustments.
Financial
Nonfiriancial
1995
497.1
582.8
654.0
718.9
542.6
544.2
560.7
615.1
611.3
643.3
654.8
661.7
656.1
697.9
710.2
738.6
728.8
730.6
3
4
60.0
437.1
95.5
487.4
105.5
548.5
124.7
594.2
70.6
472.0
84.3
460.0
94.5
466.2
106.9
508.3
96.3
515.0
110.3
533.0
111:5
543.4
106.9
554.9
93.3
562.8
122.5
575.4
123.5
586.7
123.3
615.2
129.5
599.3
131.3
599.3
105.4
5
73.4
89.5
96.4
99.0
75.0
85.1
93.2
83.4
96.4
92.6
93.5
93.6
105.9
96.4
102.3
92.0
98.6
6
7
96.8
23.5
123.9
34.4
134.5
38.1
149.5
50.4
105.4
30.3
117.3
32.3
125.9
32.7
122.9
39.5
129.5
33.0
129.4
36.8
130.9
37.5
133.4
39.8
144.1
38.3
144.9
48.4
153.3
47.9-
157.2
54.8
142.5
50.6
146.1
47.5
8
519.1
613.0
679.0
741.2
560.3
572.6
595.5
637.4
646.5
667.0
677.1
683.0
688.7
720.5
740.1
763.7
740.7
744.3
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods . . . . 7
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
Transportation
Communications
Electric, gas, and sanitary services •
Wholesale trade
Retail trade
Other
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
445.7
694
17.8
51.7
3763
151.6
76.7
22
11.0
12.7
22.5
7.5
209
74.8
200
24.5
.1
30.2
83.1
103
36.8
36.0
29.4
46.0
66.2
523.4
104 6
22.2
82.4
4188
183.9
87.1
70
11.8
22.3
21.0
-.1
25.0
96.8
27 6
29.7
6.4
33.1
86.0
11.3
33.8
40.8
26.2
43.3
79.5
582.6
1107
21.8
88.9
4718
195.6
97.2
5.4
14.2
26.1
20.1
2.4
29.0
98.5
22.0
28.8
10.9
36.7
92.7
14.8
35.8
42.1
37.9
51.8
93.8
642.2
1300
23.3
106.6
512.3
214.4
107.3
5.6
15.5
27.6
24.8
3.8
30.0
107.1
22.7
28.1
18.0
38.3
88.4
17.6
31.2
39.7
49.8
61.2
98.5
485.2
800
20.0
60.0
405.3
166.2
83.0
2.6
12.7
16.3
25.5
3.3
22.7
83.2
22.5
27.8
5.0
27.9
90.8
13.7
38.6
38.6
28.6
47.8
71.8
487.5
93.9
21.7
72.2
393.6
170.3
85.0
6.6
11.6
20.0
21.5
2.1
23.2
85.3
25.2
26.4
1.5
32.1
84.2
10.8
34.7
38.8
22.8
42.5
73.8
502.3
104.2
22.5
81.6
398.1
176.9
82.1
8.0
12.3
20.4
18.9
-1.7
24.0
94.9
27.9
30.3
5.9
30.8
84.0
11.4
32.7
39.9
21.2
41.9
74.1
553.9
116.0
22.4
93.6
438.0
193.0
89.5
6.7
11.5
23.9
21.7
.2
25.5
103.5
28.7
31.8
10.4
32.7
89.3
11.4
35.4
42.5
29.7
43.5
82.4
550.0
104.4
22.1
82.4
445.6
195.4
92.0
6.8
11.9
24.9
22.0
-.9
27.4
103.4
28.5
30.5,
7.7
36.7
86.3
11.6
32.5
42.2
31.1
45.3
87.6
574.4
1165
21.6
94.9
457.9
191.6
91.4
5.5
13.7
27.2
17.6
.7
* 26.8
100.2
23.8
30.5
7.7
38.2
89.6
11.5
34.2
43.9
35.6
49.7
91.3
583.7
1166
21.7
95.0
467.0
195.0
98.5
5.0
12.9
26.3
19.5
4.7
30.1
96.6
19.2
30.2
10.8
36.3
96.2
15.3
36.4
44.4
31.9
52.5
91.4
589.4
111 7
21.8
89.9
477.7
197.3
100.1
6.0
15.2
25.8
19.7
5.0
28.2
97.2
20.6
28.2
11.3
37.1
93.9
17.4
37.8
38.7
37.7
53.8
95.1
582.8
98.0
22.1
76.0
484.8
198.6
98.8
5.1
15.1
25.2
23.4
-.8
30.7
99.8
24.2
26.4
13.8
35.3
91.3
15.0
34.9
41.4
46.3
51.2
97.3
624.0
127.7
22.6
105.1
496.3
200.8
96.0
4.3
14.2
22.3
23.4
4.3
27.4
104.8
21.4
27.8
18.1
37.4
89.8
16.9
32.4
40.5
48.3
60.8
96.6
634.7
128.7
23.0
105.8
506.0
215.5
105.7
5.5
14.9
26.6
24.4
2.6
31.7
109.8
21.4
27.2
20.7
40.5
87.0
18.3
28.9
39.8
50.5
59.1
93.8
661.4
128.6
23.6
105.0
532.8
228.9
120.0
6.6
17.3
31.5
27.6
6.0
31.0
109.0
222
28.9
18.2
39.7
88.3
18.0
32.3
38.0
52.7
62.7
100.1
648.7
134 7
24.1
110.6
514.0
212.3
107.5
5.8
15.7
30.1
24.0
2.1
29.8
104.8
25.9
28.4
14.9
35.7
88.6
17.0
31.3
40.3
47.6
62.2
103.4
645.8
1363
24.5
111.8
5094
197.1
100.8
6.3
12.6
23.2 ••21.9
6.2
30.7
96.2
20.6
27.0
10.9
37.8
91.7
17.3
34.1
40.3
51.5
67.4
101.8
Rest of the world
34
73.4
89.5
96.4
99.0
75.0
85.1
93.2
83.4
96.4
92.6
93.5
93.6
105.9
96.4
105.4
102.3
92.0
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.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification.
98.6
II
SURVEY OF CURRENT BUSINESS
86 • August 1998
Table 6.18C—Federal, State, and Local Corporate Profits Tax Liability by
Industry
Table 6.17C—Corporate Profits Before Tax by Industry
[Millions of dollars]
Corporate profits before tax ....
1994
1995
1996
635,621
680,194
734,376
461,754
546,079
583,804
635,352
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
1,384
400
1,802
531
1,271
2,826
2,992
Mining
Metal mining
Coal mining '.
Oil and gas extraction
Nonmetallic minerals, except fuels
3,416
623
570
1,257
966
4,549
521
238
2,802
988
6,183
6,578
Domestic industries
...
[Millions of dollars]
1997
535,133
Line
Line
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
13,756
17,408
21,368
17,993
194,472
193,454
212,158
Construction
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
80,874
4,862
2,046
3,914
3,510
11,714
12,609
22,688
7,716
3,987
3,905
3,923
91,008
5,916
2,238
4,963
7,714
12,626
21,981
21,464
310
4,579
4,995
4,222
94,580
106,651
Manufacturing
Nondurable goods
Food and kindred products
Tobacco products
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
77,914
20,353
1,869
2,457
3,148
6,712
13,269
25,431
103,464
28,804
2,115
1,921
2,631
14,297
11,203
31,024
6,742
4,245
482
98,874
83,138
86,061
93,439
87,519
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
10,408
11,511
3,137
15,364
17,038
Communications
Telephone and telegraph
Radio and television
36,821
31,839
4,982
33,713
30,081
3,632
35,701
30,975
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Electric, gas, and sanitary services
35,909
40,837
42,374
39,506
Communications
Telephone and telegraph
Radio and television
Wholesale trade
33,311
32,141
37,108
47,415
Retail trade
48,803
46,583
53,888
60,133
Finance, insurance, and real estate
72,341
110,117
117,497
138,119
Transportation and public utilities
Depository institutions
Federal Reserve banks
Commercial and mutual 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
Other 1
Rest of the world 2
Receipts from the rest of the world
Less: Payments to the rest of the world .
299
4,288
2,948
320
5,162
378
66
654
81,012
17,764
63,248
15,418
10,579
-7,668
3,862
-776
-30,086
105,507
395
3,500
409
2,193
766
1,111
4,097
1,234
-11,205
46,817
1,323
2,231
14,431
491
52,946
2,032
908
1,532
987
2,320
2,955
2,903
22,946
14,948
2,217
24,932
14,752
687
5,094
58,041
62,445
2,511
17,012
249
2,903
820
6,457
73,379
89,542
96,842
23,463
123,894
34,352
134,468
38,078
99,024
149,456
50,432
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their
incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings
of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76).
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
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 products
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
,
Electric, gas, and sanitary services
31,199
7,446
978
771
944
2,427
3,979
10,474
3,003
1,052
125
28,319
4,186
1,163
82
1,440
249
709
260
283
12,063
10,239
1,824
12,070
Retail trade
Depository institutions
Federal Reserve banks
Commercial and mutual 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
Other 1
1996 1997
36,185
39,776
30,601
32,883
34,563
4,242
1,107
59
1,243
287
986
292
4,919
5,760
12,294
10,567
1,727
13,623
14,574
34,811
8,222
726
625
835
3,354
3,559
12,394
4,007
935
154
13,364
60,834
39,504
20,470
19,034
4,325
2,858
11,168
807
999
1,173
10,586
656
454
3,199
352
120
232
629
4,944
3,766
197
80
901
14,065
14,341
14,229
9,416
Wholesale trade
Finance, insurance, and real estate
22,177
77,221
18,571
2,017
-3,995
1995
186,644 210,975 226,088 246,086
186,644 210,975 226,088 246,086
703
668
814
750
486
440
217
228
907
1,314
1,524
2,017
280
383
171
137
242
522
214
272
2,309
2,700
3,160
2,659
60,796 65,616 70,302 80,801
29,597 30,805 34,117 41,025
1,312
1,687
626
74f
1,137
1,382
1,471
2,118
3,029 3,166
3,772 4,623
8,682 8,636
3,316
2,347
1,779
2,091
3,206 2,527
1,267
1,486
Corporate profits tax liability
Domestic industries
158,788
Construction
Manufacturing
1994
10,912
14,022
12,503
14,171
16,157
77,610
79,860
80,610
12,526
14,443
49,080
23,389
25,691
4,530
3,435
17,187
866
1,090
1,422
10,547
637
456
3,898
263
134
231
578
4,350
2,948
207
122
1,073
Rest of the world
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 1998
SURVEY OF CURRENT BUSINESS
•
Table 6.19C—Corporate Profits After Tax by Industry
Table 6.20C.—Net Corporate Dividend Payments by Industry
[Millions of dollars]
[Millions of dollars]
Line
1997
488,290
335,104
357,716
389,266
1,134
91
1,043
2,076
2,178
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
3,235
138
101
2,280
4,659
4,561
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
18,208
15,334
Construction
123,152
131,357
Manufacturing
60,463
65,626
-66
767
2,509
343
Mining
Metal mining
Coal mining .,
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
1996
454,106
681
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
1995
424,646
275,110
Domestic industries
1994
348,489
Corporate profits after tax
399
1,015
752
,
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 products
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
716
11,447
14,708
97,992
51,277
3,550
1,420
2,777
2,039
8,685
8,837
14,006
4,400
2,208
699
2,656
128,856
60,203
4,229
1,496
3,581
5,596
9,460
17,358
12,828
-2,037
2,488
2,468
2,736
46,715
12,907
891
1,686
2,204
4,285
68,653
20,582
1,389
1,296
1,796
10,943
7,644
18,630
2,735
9,290
14,957
-2,704
3,236
-37
65,731
3,310
328
54,819
55,460
60,556
52,956
6,222
1,785
238
3,722
129
-643
394
597
7,269
2,030
336
2,257
10,445
11,278
Communications
Telephone and telegraph
Radio and television
24,758
21,600
3,158
21,419
19,514
1,905
22,078
Electric, gas, and sanitary services
23,839
26,772
28,033
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
122
1,207
474
843
16,401
25,277
Wholesale trade
24,485
22,725
26,196
33,393
Retail trade
35,439
34,080
39,717
43,976
Finance, insurance, and real estate
Depository institutions
Federal Reserve banks
Commercial and mutual 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
Other 1
Rest of the world 2
Receipts from the rest of the world ....:
Less: Payments to the rest of the world
11,507
32,507
41,508
-2,706
44,214
50,318
-1,212
51,530
14,041
-1,418
-21,182
3,231
144
11,093
7,721
-18,836
3,055
-1,775
37,637
57,509
42,399
1,395
2,055
13,114
-14
853
2,089
2,325
20,582
11,804
4,193
96,842
23,463
123,894
34,352
45,515
48,002
96,390
134,468
38,078
99,024
149,456
50,432
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their
incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings
of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76).
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Nondurable goods
:
Food and kindred products.
Tobacco products
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
1994
1995
1996
1997
182,397
205,312
261,855
275,072
150,595
174,373
224,784
234,732
1,577
976
601
1,825
1,083
742
2,017
2,160
2,821
424
364
1,804
3,588
746
361
1,989
3,880
3,619
229
492
5,257
6,791
56,352
61,390
21,634
1,677
17,687
1,445
497
933
1,436
2,659
2,790
4,021
1,745
422
916
823
8,528
6,321
79,479
89,245
24,388
28,895
55,091
60,350
646
953
1,806
3,687
1,828
3,072
4,079
844
2,227
815
38,665
8,922
-361
811
849
2,377
3,743
39,756
9,802
-600
941
1,091
2,864
3,493
13,116
14,734
7,339
5,806
1,718
.151
1,507
118
41,440
45,042
52,000
50,836
4,408
1,241
132
5,304
2,176
92
1,360
326
344
359
647
7,208
7,845
22,936
25,369
21,856
17,622
15,606
20,377
1,466
370
305
324
570
18,879
19,873
18,788
1,085
19,865
Wholesale trade
11,318
13,136
Retail trade
15,193
16,911
17,383
19,717
-946
2,638
17,970
16,425
19,097
20,351
231
20,120
5,750
27,921
26,032
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Finance, insurance, and real estate
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
698
5,384
89,542
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
Insurance carriers
2,696
73,379
Domestic industries
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
-31,259 -12,627
36,231
667
1,777
11,232
139
788
1,300
2,326
18,002
11,182
2,020
607
Line
Net corporate dividends
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
Other1
Rest of the world
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3
18,153
17,223
930
212
18,885
2,991
2,338
2,184
-14,189
2,626
5,909
6,337
-18,278 -20,421
-15,342
2,339
17,583
1,090
732
6,337
524
23,052
960
999
9,125
529
380
367
1,476
9,216
4,442
241
123
1,501
7,035
3,557
522
198
2,758
3,515
31,802
30,939
37,071
40,340
52,536
20,734
56,786
25,847
63,736
26,665
68,070
27,730
957
302
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classitied.
2. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed
by unincorporated foreign affiliates to their U.S. parents.
3. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed
by unincorporated ;U.S. affiliates to their foreign parents.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
88 • August 1998
SURVEY OF CURRENT BUSINESS
Table 6.21 C—Undistributed Corporate Profits by Industry
Table 6.22C—Corporate Capital Consumption Allowances by Industry
[Millions of dollars]
[Millions of dollars]
1994
1995
1996
219,334
192,251
213,218
124,515
160,731
132,932
154,534
-896
-1,062
166
-691
-992
301
59
18
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
-512
-81
35
-789
523
-553
-608
-260
291
224
779
942
Construction
6,190
7,917
9,680
9,013
Line
1997
166,092
Line
Undistributed corporate profits .
Domestic industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
41,640
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
67,466
43,673
42,112
38,569
2,552
850
2,628
3,790
5,773
15,530
9,756
-6,116
1,644
241
1,921
36,075
36,731
28,897
7,598
923
1,844
603
6,026
6,047
9,985
2,655
1,786
-217
1,833
8,050
3,985
1,252
Nondurable goods
Food and kindred products
,
Tobacco products
,
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
5,381
10,780
1,989
355
705
875
1,355
1,908
5,547
1,841
-10,043
1,518
-188
10,418
8,556
2,120
1,814
544
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing .
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
4,151
3,896
-3,071
1,803
210
13,379
Transportation and public utilities
1,965
-146
244
3,237
3,433
106
2,256
-241
-948
70
27
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
33,590
2,105
Manufacturing
Corporate capital consumption allowances
8,079
;
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 products
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
....
....
115
196
1,546
726
820
-858
Electric, gas, and sanitary services
4,960
6,907
6,177
1995
1996 1997
490,491
523,418
553,981
3,647
2,345
1,302
3,892
4,318
9,085
1,625
1,109
5,136
1,215
11,402
12,229
.
10,144
12,207
13,151
187,732
196,415
205,125
100,540
3,203
1,255
3,064
5,288
6,796
8,697
25,388
32,100
6,657
5,416
2,676
110,648
116,302
87,190
14,727
3,323
85,766
88,824
2,912
...
1,363
8,523
4,176
20,786
27,056
3,979
687
1,604
8,119
4,350
23,364
24,037
4,120
634
98,718
97,025
106,258
112,759
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
22,877
4,171
641
22,906
3,969
629
25,059
27,184
7,165
1,236
7,338
43
2,283
8,377
1,421
6,556
33
1,921
Communications
Telephone and telegraph
Radio and television
897
-204
863
6,605
4,377
2,228
2,890
926
2,902
5,880
6,182
8,947
22,251
25,796
7,085
4,944
2,062
83,561
11,454
37,364
32,303
5,061
39,629
33,145
6,484
44,062
45,463
Transportation and public utilities
Communications
Telephone and telegraph ...
Radio and television
1994
463,725
3,726
2,413
1,313
8,851
1,535
1,200
4,936
1,180
9,271
173,426
38,477
34,490
37,137
40,112
Wholesale trade
32,564
35,740
36,403
39,140
Electric, gas, and sanitary services
7,655
Wholesale trade
13,167
9,589
10,590
13,016
Retail trade
35,364
38,642
36,047
37,918
Retail trade
20,246
17,169
22,334
24,259
Finance, insurance, and real estate
53,511
56,951
62,744
67,646
Finance, insurance, and real estate
12,453
29,869
19,667
41,084
22,411
-2,918
29,967
-1,443
31,410
8,291
-3,602
23,358
178
23,180
3,820
1,561
12,426
26,180
136
26,044
3,832
2,307
12,894
1,002
7,316
3,420
58,051
61,694
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
25,329
8,102
5,383
-3,494
716
-7,684
-12,981
Rest of the world
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3
-6,193
7,794
17,594
18,648
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
Other 1
-6,993
605
64
19,347
-423
1,045
4,895
-385
547
1,177
825
10,967
7,625
1,498
409
1,435
435
1,056
3,989
-543
473
1,722
849
11,366
7,362
1,739
396
1,869
41,577
58,603
59,319
58,684
44,306
2,729
67,108
8,505
70,732
11,413
81,386
22,702
21,970
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
Other1
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign
affiliates and reinvested earnings of their unincorporated foreign affiliates.
3. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S.
affiliates and reinvested earnings of their unincorporated U.S. affiliates.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions ....
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
903
8,354
3,089
48,294
3,114
1,535
15,433
10,965
588
1,145
4,652
10,861
6,153
495
344
3,870
51,527
3,504
1,949
15,997
11,314
631
1,282
4,849
12,001
6,624
565
446
4,366
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 1998
SURVEY OF CURRENT BUSINESS
89
7. Quantity and Price Indexes.
Table 7.1.—Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
1997
1996
1995
1998
IV
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1
2
3
4
111.25
105.87
105.09
105.09
116.42
108.28
107.51
107.51
122.69
112.02
109.54
109.53
129.89
116.42
111.57
111.57
113.63
107.11
106.07
106.09
114.83
107.58
106.74
106.75
115.48
107.68
107.26
107.24
116.98
108.57
107.76
107.75
118.38
109.31
108.30
108.29
120.03
110.21
108.90
108.91
122.18
111.84
109.28
109.24
123.36
112.42
109.77
109.74
125.21
113.59
110.21
110.23
127.39
114.77
110.97
111.00
129.13
115.89
111.45
111.43
130.85
117.08
111.77
111.76
132.19
117.94
112.09
112.08
134.27
119.54
112.33
112.32
135.03
119.96
112.57
112.56
5
6
7
8
111.78
106.31
105.15
105.15
117.40
109.14
107.56
107.56
123.60
112.62
109.75
109.75
130.19
116.44
111.81
111.81
114.23
107.45
106.31
106.31
115.23
107.95
106.75
106.74
116.87
108.86
107.38
107.35
118.17
109.57
107.85
107.85
119.33
110.19
108.28
108.29
121.05
111.19
108.87
108.87
123.20
112.48
109.56
109.53
124.24
113.00
109.95
109.94
125.91
113.81
110.62
110.63
128.03
115.02
111.31
111.31
128.89
115.47
111.63
111.62
131.29
117.23
112.00
111.99
132.55
118.04
112.30
112.29
134.52
119.79
112.30
112.29
136.76
121.49
112.58
112.57
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9
10
11
12
118.63
114.87
103.27
103.27
125.08
120.59
103.72
103.72
131.68
128.16
102.75
102.75
137.77
136.86
100.66
100.66
122.67
118.02
103.94
103.94
122.49
117.74
104.05
104.03
124.05
119.44
103.94
103.86
126.28
121.86
103.60
103.63
127.48
123.30
103.30
103.39
129.43
125.06
103.47
103.49
132.51
128.86
102.92
102.83
131.52
128.24
102.54
102.56
133.27
130.50
102.06
102.13
136.91
134.34
101.84
101.92
135.08
133.82
100.96
100.94
139.43
139.12
100.23
100.23
139.64
140.17
99.62
99.63
144.34
145.39
99.27
99.28
147.00
148.90
98 72
98.73
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
13
14
15
16
108.06
105.15
102.77
102.77
111.49
107.24
103.96
103.95
116.44
109.77
106.08
106.08
121.09
112.44
107.69
107.69
109.98
106.10
103.64
103.65
110.42
106.70
103.49
103.49
111.27
107.11
103.89
103.88
111.72
107.31
104.11
104.11
112.53
107.85
104.34
104.34
114.00
108.45
105.12
105.12
116.35
109.73
106.04
106.03
116.78
110.05
106.12
106.11
118.64
110.84
107.05
107.04
120.26
111.81
107.57
107.56
120.15
111.75
107.52
107.52
121.90
113.16
107.72
107.72
122.04
113.05
107.95
107.96
123.55
115.09
107.35
107.36
125.41
116.74
107.42
107.42
Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
17
18
19
20
112.44
105.23
106.85
106.85
119.08
107.89
110.37
110.37
125.89
111.09
113.32
113.32
133.64
114.61
116.61
116.61
114.85
106.08
108.27
108.27
116.40
106.68
109.11
109.11
118.48
107.69
110.03
110.02
120.06
108.34
110.82
110.82
121.40
108.86
111.52
111.52
123.22
109.92
112.11
112.10
125.08
110.75
112.95
112.94
126.85
111.57
113.71
113.70
128.41
112.13
114.51
114.52
130.48
112.98
115.50
115.50
132.43
113.87
116.30
116.29
134.80
115.19
117.04
117.03
136.87
116.41
117.59
117.58
138.55
117.42
118.00
117.99
140.91
118.82
118.61
118.59
21
22
23
24
127.51
123.44
103.32
103.30
131.98
126.02
104.74
104.73
143.20
137.15
104.46
104.41
158.90
152.62
104.10
104.11
131.97
126.89
103.96
104.00
133.97
128.22
104.40
104.48
130.25
124.24
104.89
104.84
130.39
124.42
104.86
104.80
133.30
127.20
104.82
104.79
136.04
130.22
104.56
104.47
141.47
135.72
104.35
104.24
147.75
141.46
104.53
104.45
147.52
141.20
104.39
104.47
152.63
146.32
104.22
104.31
159.39
153.24
104.08
104.02
160.13
153.82
104.12
104.10
163.46
157.12
103.99
104.03
172.90
167.22
103.39
103.39
170.37
165.62
102.83
102.86
25
26
27
28
120.83
116.86
103.40
103.40
129.23
123.30
104.81
104.81
140.38
134.10
104.68
104.68
151.72
145.25
104.45
104.45
124.70
119.79
104.04
104.10
127.64
122.17
104.45
104.48
128.19
122.26
104.95
104.85
129.37
123.28
104.93
104.94
131.75
125.49
104.92
104.99
135.18
129.10
104.72
104.72
139.10
133.20
104.55
104.43
142.71
136.21
104.76
104.78
144.52
137.91
104.70
104.79
146.37
139.90
104.53
104.62
150.16
143.85
104.40
104.39
154.59
147.98
104.50
104.47
155.74
149.28
104.37
104.33
162.25
156.36
103.81
103.77
165.97
160.83
103.24
103.20
29
30
31
32
118.42
116.22
101.89
101.89
130.44
127.38
102.40
102.40
141.24
139.21
101.46
101.46
154.28
154.04
100.15
100.15
123.24
120.62
102.12
102.17
127.91
125.19
102.16
102.17
130.51
127.30
102.66
102.53
130.77
127.58
102.49
102.50
132.56
129.47
102.28
102.38
136.06
133.50
101.89
101.91
138.88
137.02
101.50
101.36
143.60
141.64
101.37
101.38
146.42
144.66
101.09
101.21
148.27
147.14
100.65
100.77
152.46
152.04
100.28
100.28
158.16
158.13
100.04
100.02
158.24
158.86
99.64
99.61
165.14
167.04
98.90
98.86
168.27
171.63
98.08
98.04
Structures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
33
34
35
36
109.07
101.94
107.00
107.00
118.96
106.78
111.41
111.41
128.23
112.16
114.33
114.33
141.97
120.09
118.22
118.22
112.73
103.45
109.00
108.98
.117.00
106.11
110.26
110.27
119.30
107.43
111.06
111.05
120.01
107.31
111.83
111.84
119.54
106.28
112.49
112.48
122.03
107.94
113.08
113.06
124.88
109.87
113.69
113.66
128.84
112.24
114.84
114.79
137.17
118.57
115.72
115.69
139.59
119.71
116.66
116.61
138.51
117.81
117.59
117.57
144.13
121.29
118.83
118.83
145.64
121.56
119.79
119.81
144.79
120.06
120.58
120.60
144.02
118.67
121.34
121.36
Producers' durable equipment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
37
38
39
40
122.49
122.66
99.86
99.86
135.43
136.80
99.00
99.00
146.90
151.75
96.80
96.80
159.64
170.04
93.88
93.88
127.81
128.42
99.46
99.53
132.66
133.87
99.08
99.09
135.40
136.34
99.47
99.31
135.46
136.81
98.98
99.01
138.22
140.15
98.49
98.62
142.16
145.36
97.77
97.80
144.97
149.64
97.05
96.88
150.02
155.38
96.52
96.55
150.45
156.62
95.88
96.06
152.05
159.77
95.01
95.16
158.53
168.20
94.23
94.25
164.27
175.62
93.54
93.53
163.72
176.58
92.75
92.72
174.00
190.08
91.57
91.54
178,82
198.01
90.34
90.31
41
42
43
44
126.80
118.39
107.11
107.11
126.26
113.85
110.90
110.90
138.25
122.32
113.03
113.02
145.37
125.36
115.96
115.96
128.33
117.90
108.83
108.84
126.96
115.21
110.19
110.20
122.43
110.63
110.68
110.67
125.90
113.33
111.10
111.09
129.74
116.22
111.64
111.64
133.03
118.84
111.95
111.94
139.63
124.24
112.41
112.39
140.53
123.71
113.61
113.60
139.80
122.48
114.14
114.14
141.67
123.41
114.80
114.79
144.48
125.26
115.35
115.34
145.77
125.14
116.50
116.49
149.58
127.64
117.20
117.19
155.10
132.34
117.21
117.20
160.30
136.51
117.44
117.43
Personal consumption expenditures:
Current dollars
...
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross private domestic investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Fixed investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Residential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
See note at the end of the table.
9O
SURVEY OF CURRENT BUSINESS
• August 1998
Table 7.1 .--Quantity and Price indexes for Gross Domestic Product—Continued
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
1995
IV
I
II
' 1996
III
IV
1997
1998
I
II
III
IV
1
II
III
IV
1
II
148.36
151.91
97.66
97.66
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index ..
Implicit price deflator
45
46
47
48
112.79
11141
101.24
101.23
128.15
123.95
103.39
103.39
136.65
134.50
101.60
101.60
150.98
151.70
99.53
99.53
119.43
116.88
102.11
102.19
123.20
119.47
103.13
103.12
125.65
121.05
103.99
103.80
130.60 133.17
126.10 129.20
103.52 102.92
103.57 103.07
133.96
130.37
102.62
102.76
134.96
132.23
102.19
102.07
134.72
132.92
101.35
101.36
142.97
142.48
100.26
100.35
145.48
145.35
100.01
100.09
150.31
150.70
99.76
99.74
153.52
154.53
99.36
99.35
154.61
156.21
98.97
98.97
152.22
155.12
98t3
98.13
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
49
50
51
52
11358
113.62
99.96
99.96
130.13
127.86
101.77
101.77
137.81
140.28
98.23
98.23
153.42
161.92
94.75
94.75
121.39
120.44
100.69
100.79
125.50
123.12
101.94
101.93
127.97
125.05
102.59
102.34
132.24
129.81
101.78
101.87
134.81
133.48
100.78
100.99
135.93
135.72
99.90
100.15
135.85
137.07
99.24
99.12
136.53
139.60
97.80
97.80
142.92
148.75
96.00
96.08
147.42
154.09
95.58
95.67
152.20
160.28
94.98
94.96
156.05
165.07
94.54
94.54
157.99
168.25
93.89
93.90
15479 148.61
166.82 161.43
92.78 92.04
92.79 92.06
Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
53
54
55
56
110.93
10638
104.28
104.28
123.51
115.07
107.33
107.33
133.95
121.50
110.24
110.24
145.25
129.48
112.18
112.18
114.83
108.79
105.54
105.55
117.79
111.19
105.97
105.94
120.19
111.99
107.36
107.32
126.74
117.63
107.76
107.74
129.32
119.48
108.24
108.24
129.35
118.27
109.46
109.37
132.86
121.21
109.63
109.61
130.46
118.10
110.47
110.47
143.11
128.42
111.42
111.44
140.93
126.20
111.67
111.67
145.86
129.77
112.41
112.40
147.58
131.64
112.11
112.11
146.64
130.32
112.53
112.53
146.17
129.91
112.52
112.52
147.77
130.94
112.86
112.85
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
57
58
59
60
121.39
122.13
9939
99.39
135.03
132.90
101.61
101.61
144.25
145.19
99.36
99.36
158.27
165.35
95.72
95.72
128.44
127.54
100.72
100.71
131.91
130.57
101.09
101.03
136.24
132.85
102.79
102.55
135.97
133.51
101.78
101.84
136.01
134.67
100.77
100.99
139.36
138.88
100.32
100.35
143.05
143.35
99.94
99.79
146.04
147.99
98.62
98.68
148.56
150.53
98.55
98.69
153.00
157.10
97.45
97.39
156.65
163.72
95.66
95.68
160.90
169.00
95.16
95.21
162.55
171.59
94.62
94.73
164.00
177.95
9205
92.16
166.72
183.00
9099
91.10
Imports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
61
62
63
64
12421
125.56
9893
. 98.93
13905
137.61
101 05
101.05
148.48
151.36
98.10
98.10
163.04
173.56
93.94
93.94
132.46
132.22
100.22
100.19
135.86
134.75
100.90
100.83
140.60
137.79
102.32
102.04
139.95
138.40
101.03
101.12
139.78
139.48
99.95
100.22
143.19
144.07
99.35
99.39
147.33
149.31
98.83
98.67
150.19
154.40
97.20
97.27
153.21
157.65
97.01
97.19
157.67
164.59
95.87
95.80
161.35
172.05
93.76
93.79
165.68
177.43
93.32
93.38
167.46
180.19
92.81
92.94
16901
187.38
9007
90.19
17204
193.68
88 71
88.83
Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
65
66
67
68
109.03
107.31
10161
101.61
11741
112.56
10431
104.31
125.69
118.65
105.93
105.93
137.34
130.39
105.33
105.33
110.78
107.34
103.15
103.21
114.57
112.46
101.81
101.88
117.09
111.52
105.00
105.00
118.52
112.38
105.54
105.47
119.45
113.89
104.88
104.88
122.56
116.42
105.27
105.27
124.28
117.64
105.64
105.64
127.82
120.45
106.15
106.12
128.12
120.10
106.68
106.68
132.49
125.12
105.88
105.89
135.97
128.32
105.95
105.97
139.92
133.11
105.10
105.12
140.97
135.01
104.40
104.42
141.98
138.03
102.85
102.87
14334
138.26
10365
103.67
69
70
71
72
103.90
99.09
104.85
104.85
107.33 111.19
9927 100.35
108.12 110.80
108.12 110.80
115.10
101.68
113.20
113.20
105.08
99.37
105.75
105.75
106.36
99.40
107.00
107.00
107.44
99.70
107.76
107.77
107.80
99.51
108.34
108.33
107.72
98.48
109.38
109.39
109.79
99.27
110.53
110.61
111.25
100.98
110.21
110.17
111.46
100.58
110.86
110.82
112.27
100.59
111.61
111.61
113.90
101.10
112.67
112.66
114.85 ,115.49
101.63 101.99
113.01 113.24
113.01 113.24
116.17102.01
113.87
113.87
115.91
10153
114.17
114.17
117,17
10245
114.36
114.36
73
74
75
76
96.64
92.17
104.84
104.85
96.42 98.19
89.14 88.19
10817 111.35
108.17 111.34
98.53
86.75
113.58
113.58
96.28
91.23
105.53
105.53
97.02
90.65
107.02
107.03
96.91
90.20
107.39
107.44
96.82
89.60
108.07
108.06
94.92
86.10
110.21
110.24
97.93
87.78
111.36
111.57
99.07
89.51
110.76
110.67
98.31
88.45
111.26
111.15
97.46
87.02
112.00
112.00
97.91
86.43
113.32
113.29
99.03
87.20
113.57
113.57
98.68
86.92
113.52
113.52
98.51
86.46
113.91
113.93
96.90 9854
84.50 85.94
114.66 114 64
114.67 114.66
National defense:
Current dollars
.
Chain-type quantity index
Chain-type price index
Implicit price deflator
77
78
79
80
92.92
8966
103.63
103.64
91.65
8608
106.48
106.47
93.41
84.93
109.98
109.98
92.07
8220
112.00
112.00
91.45
87 71
104.31
104.26
92.09
87.36
105.42
105.41
92.63
87.39
105.97
106.00
91.95
86.19
106.69
106.68
89.91
83.37
107.83
107.85
93.23
84.82
109.59
109.91
94.64
86.50
109.52
109.41
93.49
85.11
110.04
109.85
92.26
83.29
110.79
110.77
90.77
81.15
111.87
111.85
92.90
82.94
112.01
112.02
92.38
82.56
111.90
111.90
92.21
82.15
112.23
112.25
8824
7806
113.04
113.05
90.27
7983
113.06
113.09
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
81
82
83
84
105.80
98.24
107.70
107.70
108.20
96.50
112.13
112.13
110.01
96.03
114.57
114.57
114.50
97.64
117.27
117.27
108.20
99.69
108.42
108.53
109.20
98.54
110.78
110.82
107.47
96.98
110.74
110.82
108.85
97.77
111.33
111.32
107.27
92.70
115.67
115.72
109.55
94.91
115.46
115.44
110.00
96.77
113.73
113.67
110.19
96.46
114.19
114.24
110.31
95.97
114.92
114.94
115.55
99.01
116.72
116.70
114.16
97.39
117.21
117.22
114.22
97.36
117.32
117.32
114.07
96.79
117.83
117.85
118.26
99.83
118.46
118.46
118.97
100.51
118.36
118.36
85
86
87
88
109.11
104.06
104.85
104.85
115.16
10655
108.09
108.09
120.52
109.09
110.48
110.48
126.99
112.42
112.96
112.96
111.40
105.21
105.89
105.89
113.05
105.69
106.98
106.97
115.00
106.51
107.98
107.97
115.68
106.62
108.50
108.49
116.91
107.37
108.89
108.89
118.30
107.51
110.05
110.04
120.00
109.22
109.89
109.87
120.90
109.30
110.61
110.61
122.89
110.33
111.37
111.38
125.36
111.65
112.28
112.28
126.21
112.01
112.68
112.67
127.55
112.82
113.07
113.06
128.83
11319
113.83
113.82
129.56
11377
113.89
113.88
13053
114 33
114.18
114.17
Government consumption expenditures and gross
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Federal:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
State and local:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
.
.. .
NOTE.— Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and
prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed
price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained-
dollar output multiplied by 100.
Percent changes from preceding period for items in this table are shown in table 8.1. (Contributions to the percent
change in real gross domestic product are shown in table 8.2),
SURVEY OF CURRENT BUSINESS
August 1998 •
91
Table 7.2.—Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1995
1994
IV
1
1996
1997
1998
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
Gross domestic product:
Current dollars
. . .
Chain-type quantity index
Chain-type price index
Implicit price deflator
1
2
3
4
11125
105.87
105.09
105.09
11642
108.28
107.51
107.51
12269
112.02
109.54
109.53
12989
116.42
111.57
111.57
113.63 114.83
107.11 107.58
106.07 106.74
106.09 106.75
115.48
107.68
107.26
107.24
116.98
108.57
107.76
107.75
118.38
109.31
108.30
108.29
120.03
110.21
108.90
108.91
122.18
111.84
109.28
109.24
123.36
112.42
109.77
109.74
125.21
113.59
110.21
110.23
127.39
114.77
110.97
111.00
129.13
115.89
111.45
111.43
130.85
117.08
111.77
111.76
132.19
117.94
112.09
112.08
134 27 13503
119.54 119.96
112.33 112.57
112.32 112.56
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5
6
7
8
110.39
105.03
105.11
105.11
116.06
107.92
107.54
107.53
122.32
111.61
109.59
109.59
128.95
115.49
11166
111.66
112.70
106.21
106.09
106.11
114.02
106.80
106.75
106.76
115.20
107.42
107.28
107.25
116.84
108.41
107.78
107.78
118.16
109.07
108.33
108.34
119.91
110.04
108.94
108.97
121.85 122.70
111.50 111.75
109.33 109.83
109.29 109.80
124.80
113.15
110.28
110.30
126.58
113.96
111.04
111.07
127.94
114.72
111.53
111.52
130.12
116.33
111.87
111.85
131.19
116.95
112.19
112.17
132.89 134.44
118.20 119.32
11245 11269
112.43 112.67
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9
10
11
12
11218
106.99
104.85
104.84
11721
109.26
107.28
107.27
12357
113.18
109.18
109.18
13077
117.89
110.92
110.92
114 62
108.25
105.88
105.89
115.80
108.76
106.47
106.48
116.65 117.62
108.94 109.40
107.11 107.52
107.09 107.52
118.75
109.95
107.99
108.00
120.67
111.16
108.56
108.56
123.10 124.62
113.05 114.00
108.94 109.34
108.89 109.32
125.89
114.52
109.90
109.92
128.28
116.06
110.51
110.53
129.90
117.30
110.76
110.74
131.74
118.63
111.06
111.05
133.14
119.57
111.34
111.35
135 61 137 05
121.85 123.01
111.29 111.41
111.29 111.42
13
14
15
16
111.32
106.16
104.86
104.86
116.85
108.90
107.30
107.30
123.20
11278
109.24
109.23
129.84
11697
111.00
111.00
113.69
107.35
105.90
105.91
114.99
107.99
106.49
106.49
116.38 117.48
108.67 109.23
107.13 107.55
107.09 107.55
118.54
109.72
108.02
108.04
120.55
110.99
108.60
108.61
122.78
112.71
108.98
108.93
123.97 125.49
113.34 114.09
109.39 109.97
109.38 109.99
127.47
115.25
110.59
110.60
128.72
116.14
110.84
110.83
131.02
117.89
111.15
111.14
132.14
118.59
111.44
111.43
134.23 136.46
12051 12237
111.40 111.53
111.39 111.52
17
18
19
103.83
10099
105.16
106.06
10189
107.69
108.82
10694
109.35
111.24 104.88
107 69 102.43
111.05 106.18
105.26
102.18
106.83
105.86
102.52
107.49
106.80
101.10
108.48
107.44
104.09
108.92
108.27
107.83
109.08
109.36
106.63
109.48
110.53
110.88
110.52
110.87
106.24
110.98
111.62
106.54
111.23
111.95 112.18
107 09 10084
111.49 111.69
Final sales to domestic purchasers:
Current dollars
Chain-tvoe auantitv index . . . .
;
Chain-type price index
Implicit price deflator
..
Addenda:
Chain-type price indexes for gross domestic
purchases:
Food
Energy
Gross domestic purchases less food and
energy.
106.32
101.77
107.95
110.22
109.19
109.92
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product
[Index numbers, 1992=100]
1995
1996
1997
1994
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
111.18
105.81
105.08
105.08
116.49
108.38
107.49
107.49
122.68
112.04
109.51
109.50
129.53
116.16
111.51
111.52
113.45
106.97
106.05
106.06
114.93
107.68
106.72
106.73
115.63
107.85
107.24
107.22
116.91 118.50
108.53 109.45
107.73 108.27
107.72 108.26
120.13
110.34
108.87
122.19 123.23
111.89 112.33
109.24 109.74
109.21 109.70
125.15
113.58
110.17
110.19
127.13
114.58
110.91
110.95
128.88
115.73
111.39
111.37
130.48
116.81
111.72
111.70
131.64
117.51
112.04
112.03
133.79
119.18
112.28
112.26
Less: Exports of goods and services and receipts
of factor income:
Chain-type quantity index
113.35
129.08
138.32
155.43
119.90
124.63
127.06
130.69
133.95
134.47
135.82
136.88
146.13
148.90
155.05
158.77
158.99
158.60
Plus: Command-basis exports of goods and
services and receipts of factor income:
Chain-type quantity index
115.14
130.91
140.87
160.36
121.28
126.72
128.28
132.47
136.15
137.07
138.34
139.91
148.17
152.21
160.28
164.29
164.67
166.77
Equals: Command*basis gross national product:
Chain-type quantity index
106.04
108.60
112.35
116.77
107.14
107.94
108.00
108.75
109.73
110.66
112.20
112.71
113.84
114.99
116.38
117.50
118.22
120.19
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1995
1997
1994
Line
1996
11252
98 75
111.88
92
SURVEY OF CURRENT BUSINESS
• August 1998
Table 7.4.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1996
1995
,
|
,
|
IV
.
I
II
1997
III
IV
I
1998
II
III
IV
I
II
121.49
Chain-type quantity indexes
107.45
107.95
108.86
109.57
110.19
111.19
112.48
113.00
113.81
115.02
115.47
117.23
118.04
119.79
136.86
118.02
117.74
119.44
121.86
123.30
125.06
128.86
128.24
130.50
134.34
133.82
139.12
140.17
145.39
148.90
3
4
5
111.17
121.15
110.80
111.47
132.64
118.08
113.58
146.55
126.88
115.66
162.50
138.41
112.43
126.90
113.26
109.93
128.09
115.34
110.94
130.24
117.80
112.46
134.20
119.46
112.53
138.03
119.71
114.02
139.95
121.69
114.97
146.68
126.78
112.51
147.87
127.42
112.79
151.68
131.63
115.59
156.44
136.27
111.56
160.39
136.37
118.15
165.15
139.26
117.33
168.01
141.74
119.77
177.34
146.43
124.64
179.05
149.54
105.15
107.24
109.77
112.44
106.10
106.70
107.11
107.31
107.85
108.45
109.73
110.05
110.84
111.81
111.75
113.16
113.05
115.09
116.74
104.23
10958
10302
98.47
10486
104.48
11533
107.26
102.73
107.61
104.94
12243
108.80
102.90
11188
105.96
12787
110.59
93.96
116.99
104.48
112.93
103.82
93.05
105.94
104.48
113.68
106.48
95.63
106.93
104.49
11458
107.14
104.59
107.51
104.38
116.22
107.26
103.65
107.49
104.55
116.83
108.17
107.04
108.53
104.72
118.82
107.59
109.48
109.44
105.07
122.57
109.06
101.32
111.33
104.76
124.06
108.84
103.76
112.34
105.21
124.29
109.73
97.04
114.43
105.98
126.81
109.51
90.16
115.52
105.66
125.62
110.97
95.72
116.01
106.15
129.44
111.08
97.69
118.25
106.06
129.62
110.79
92.27
118.17
107.10
13629
111.18
84.48
120.30
108.74
13846
110.79
88.60
122.19
12
105.23
107.89
111.09
114.61
106.08
106.68
107.69
108.34
108.86
109.92
110.75
111.57
112.13
112.98
113.87
115.19
116.41
117.42
118.82
18
19
10425
108.96
10555
111.51
11082
102.39
106.24
106.46
113.03
107.66
117.01
117 93
104.39
108.47
10836
117.40
11073
122.35
12686
106.17
112.52
110.92
121.36
108.85
130.63
134 28
108.52
117.02
105.30
109.73
102.18
115.31
113.94
102.99
106.65
105.88
109.91
102.67
115.26
115.63
103.47
107.29
106.22
112.64
107.73
116.29
116.53
104.07
108.74
106.63
115.22
111.77
117.81
118.72
104.72
108.60
107.09
114.34
108.48
118.68
120.83
105.29
109.25
107.56
116.43
111.47
120.11
123.68
105.08
111.33
108.01
117.91
112.22
122.13
125.98
106.02
111.85
108.62
116.67
109.28
122.14
127.87
106.35
113.75
109.26
118.60
109.94
125.02
129.92
107.25
113.16
109.95
117.28
105.47
126.03
132.00
107.45
115.20
110.56
119.96
108.89
128.16
133.30
108.03
115.97
111.24
122.87
109.94
132.46
135.22
108.90
117.63
111.93
125.31
111.09
135.87
136 61
109.70
119.29
112.67
123.38
10367
138.04
13785
110.55
121.58
113.33
126.89
10960
139.79
14070
111.42
123.15
20
105.15
107.56
109.75
111.81
106.31
106.75
107.38
107.85
108.28
108.87
109.56
109.95
110.62
111.31
111.63
112.00
112.30
112.30
112.58
21
103.27
103.72
102.75
100.66
103.94
104.05
103.94
103.60
103.30
103.47
102.92
102.54
102.06
101.84
100.96
100.23
99.62
99.27
98.72
22
23
24
107 23
98.60
104.38
110.77
96.02
105.00
112 72
92.25
104.60
112.65
88.20
103.41
109.10
97.94
105.39
110.08
97.39
105.11
110.86
96.59
104.61
110.87
95.62
105.05
111.28
94.49
105.23
112.33
93.82
105.50
112.54
92.71
104.74
112.88
91.81
104.19
113.13
90.65
103.97
113.45
89.84
104.14
112.96
88.66
103.24
112.31
87.57
103.34
111.88
86.75
102.92
111 79
85.92
103.29
111 55
85.15
102.75
25
102.77
103.96
106.08
107.69
103.64
103.49
103.89
104.11
104.34
105.12
106.04
106.12
107.05
107.57
107.52
107.72
107.95
107.35
107.42
26
27
28
29
30
10387
100.28
9958
97.95
10354
106.14
97.69
101.11
97.18
105.30
10902
96.21
107 34
108.61
107 04
111.67
96.39
107.33
109.60
108.30
104.95
99.39
103.32
96.33
104.42
105.30
98.05
102.29
96.76
104.39
105.94
97.85
102.28
97.22
104.91
106.41
97.39
100.77
97.62
105.69
106.90
97.46
99.10
97.14
106.20
107.56
97.06
103.62
105.70
106.60
108.42
96.67
109.67
107.90
106.92
109.55
95.23
106.35
104.48
107.34
110.54
95.87
109.70
116.38
107.30
110.87
96.08
112.00
117.39
107.82
111.25
97.28
104.61
109.61
108.57
112.10
96.20
106.11
105.38
108.26
112.45
96.00
106.60
106.02
108.52
112.74
94.68
9805
103.44
10936
113.10
94.85
9417
101.21
110 07
31
106.85
110.37
113.32
116.61
108.27
109.11
110.03
110.82
111.52
112.11
112.95
113.71
114.51
115.50
116.30
117.04
117.59
118.00
118.61
32
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
116.44
128.16
13
Services
112.62
120.59
8
9
10
11
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
109.14
6
Nondurable goods
106.31
114.87
7
Motor vehicles and parts
Furniture and household equipment
Other
1
2
Personal consumption expenditures
Durable aoods
33
34
35
36
37
38
105.70
104.87
103.71
105.72
10632
110.51
105.42
108.99
105.84
103.91
107.21
108.95
114.98
109.46
112.34
107.91
106.34
109.04
110.85
117.51
112.99
115.66
108.65
108.79
108.68
113.23
120.18
117.91
106.78
105.22
103.63
106.36
106.94
112.07
107.59
107.60
105.57
103.73
106.90
107.08
113.93
107.91
108.57
105.60
103.56
107.05
108.89
114.64
109.09
109.40
105.94
103.94
107.37
109.89
115.31
110.06
110.37
106.23
104.43
107.53
109.93
116.06
110.78
111.14
106.79
104.81
108.21
109.22
116.64
111.55
111.96
107.79
105.90
109.14
110.48
117.23
112.47
112.76
108.40
107.07
109.38
111.12
117.74
113.48
113.52
108.65
107.60
109.44
112,58
118^43
114.45
114.30
109.33
109.55
109.29
112.38
119.35
116.09
115.23
108.65
108.10
109.11
113.16
119.91
117.52
116.11
108.31
108.38
108.38
113.32
120.52
118.77
117.00
108.33
109.12
107.95
114.06
120.95
119.28
117.90
106.96
105.69
107.80
114.51
121.92
119.45
119.01
107.16
105.76
108.07
114.01
122.60
119.99
39
40
41
103.87
10149
105.65
106.14
102.27
108.19
109.02
10692
110.09
111.67
108.13
112.10
104.95
103.14
106.78
105.30
102.72
107.30
105.94
102.67
107.98
106.41
102.15
108.51
106.90
101.57
108.99
107.56
104.29
109.43
108.42
107.79
109.90
109.55
106.61
110.27
110.54
108.99
110.78
110.87
111.07
111.44
111.25
106.50
112.05
112.10
107.17
112.32
112.45
107.79
112.59
112.74
10189
112.89
113.10
9993
113.29
14
15
16
17
Chain-type price indexes
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas .
Other household operation
Transportation
Medical care
Other . . .
.
.
Addenda:
Price indexes for personal consumption
expenditures:
Food
Energy'
Personal consumption expenditures less food
and energy.
1. Consists of prices for gasoline and oil, fuel oil and coal, and electricity and gas.
SURVEY OF CURRENT BUSINESS
August 1998
•
93
Table 7.5.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product
[Index numbers, 1992=100]
Chain-type quantity indexes
Chain-type quantity indexes
Line
1995
1996
109.14
120.59
111.47
97.63
116.91
120.98
123.09
132.64
111.39
120.27
121.56
169.42
112.62
116.44
128.16
136.86
113.58
95.26
119.60
126.03
131.28
115.66
95.62
124.47
128.58
133.15
146.55
116.66
125.74
131.90
202.46
162.50
126.51
131.76
114,87
Durable goods
Motor vehicles and parts
:
Newautos (70)
".
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)
111.17
105.00
105.81
119.92
117.62
,
Furniture and household equipment
:
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio products, computing equipment, and musical
instruments (91).
Other durable house furnishings (32)
,
121.15
108.48
112.36
113.36
142.81
113.06
118.06
124.89
132.85
Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
110.80
105.97
116.52
118.08
106.67
127.33
126.88
114.56
137.07
138.41
122.02
156.90
107.40
110.85
113.63
118.60
124.09
123.58
134.17
127.21
105.15
107.24
109.77
112.44
104.23
102.64
107.23
103.00
104.48
102.72
107.68
105.47
104.94
103.14
108.23
105.99
105.96
104.49
106.86
i 04.23
104.36
107.79
104.71
109.66
105.74
111.04
Nondurable goods
Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).
Addenda: Food excluding alcoholic beverages (8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
106.30
140.68
100.31
100.92
101.32
101.49
Clothing and shoes
Shoes (12)
,
Women's and children's clothing and accessories except shoes
(14).
Men's and boys' clothing and accessories except shoes (15+16)
109.58
106.35
109.37
115.33
110.74
116.06
122.43
116.25
124.25
127.87
120.34
129.71
111.62
116.29
122.24
128.32
Gasoline and oil (75)
103.02
107.26
108.80
110.59
98.47
102.73
102.90
93.96
104.86
95.26
105.65
110.48
107.89
107.61
95.66
109.43
115.24
108.07
111.88
95.85
114.53
123.66
110.12
116.99
93.68
120.35
131.67
112.73
102.26
113.75
106.24
106.12
122.55
106.15
110.67
130.24
108.37
117.60
139.08
110.88
106.03
109.24
107.23
108.76
110.70
121.00
115.83
134.28
105.23
107.89
111.09
114.61
104.25
106.46
108.36
110.92
Fuel oil and coal (40)
:
Other
Tobacco products (7) .,
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89) .'.
Stationery and writing supplies (35)
Net foreign remittances (109 less 111)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (93)
Services
Housing
See note at the end of the table.
:
Line
1994
1995
1996
1997
104.75
102.94
96.48
105.21
106.45
106.79
96.52
106.79
108.35
108.83
95.57
108.70
111.17
111.34
93.06
107.66
Household operation
Electricity (37)
Gas (38)
.:
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
108.96
107.19
101.45
106.07
113.31
103.14
116.30
113.03
109.41
103,29
106.16
121.68
107.30
121.74
117.40
110.50
111.52
105.37
134.78
101.21
121.00
121.36
109.85
106.58
108.54
149.38
102.77
124.08
Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82)
Bus (83)
Airline (84)
Other (85)
110.82
111.70
114.96
117.93
119.45
124.57
126.86
129.05
136.29
134.28
137.23
145.21
100.73
106.84
105.15
110.37
108.10
90.99
105.05
109.66
100.97
102.25
106.03
101.69
115.18
114.58
88.10
115.10
116.86
103.33
104.91
105.04
100.68
114.24
123.49
86.34
112.44
125.64
119.54
110.70
107.55
104.39
114.22
128.83
91.96
118.13
130.89
125.22
Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)
102.39
97.13
103.31
113.98
103.61
93.80
104.39
99.42
106.71
122.53
105.27
87.02
106.17
102.19
105.97
128.39
106.61
84.81
108.52
104.40
107.63
131.98
109.44
83.78
106.24
102.10
96.85
100.09
109.78
103.04
124.52
98.21
108.47
105.72
100.47
104.73
111.78
103.71
138.79
99.60
112.52
109.72
102.89
104.39
124.22
106.72
168.34
103.61
117.02
112.16
103.36
107.01
128.05
110.41
201.42
109.91
102.51
100.93
101.67
103.65
100.99
97.30
100.65
104.68
111.59
107.62
112.15
104.05
102.14
105.56
107.44
108.64
101.95
95.49
104.10
105.49
120.09
109.90
121.54
106.06
103.14
107.41
112.15
110.53
99.02
108.03
112.00
124.21
114.42
125.60
109.62
103.81
108.41
125.44
118.45
96.69
100.33
106.71
115.71
129.51
118.52
131.07
114.75
105.26
116.02
138.04
121.42
112.29
102.63
111.31 116.27
107.59 112.83
125.57
114.53
1997
106.31
Personal consumption expenditures
1994
Owner-occupied nonfarm dwellings—space rent (24)
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
'.
Other
Personal care
,
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
:
:
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured
pension pi.
Expense of handling life insurance (64)
Legal services (65)
:
Funeral and burial expenses (66)
Other (67)
Recreation
Admissions to specified spectator amusements (94)
Other(92+98+99+100+101)
Education and research
Higher education (103)
Nursery, elementary, and secondary schools (104)
Other (105)
Religious and welfare activities (106)
Net foreign travel
Foreign travel by U.S. residents (108)
Less: Expenditures in the United States by nonresidents (110)
SURVEY OF CURRENT BUSINESS
94 • August 1998
Table 7.5.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product—Continued
[Index numbers, 1992=100]
Chain-type price indexes
Chain-type price indexes
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio products, computing equipment, and musical
instruments (91).
Other durable house furnishings (32)
1997
107.56
109.75
111.81
103.72
102.75
100.66
110.77
107.98
127.94
110.64
98.63
112.72
109.66
131.71
112.96
98.45
112.65
109.75
129.89
113.96
97.90
106.29
102.46
102.14
89.81
Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)
1996
107.23
105.78
117.68
107.63
98.30
Durable goods
1995
103.27
Personal consumption expenditures
1994
105.15
Line
96.02
107.49
101.93
100.12
83.41
92.25
108.96
101.98
98.95
74.26
88.20
108.86
101.37
98.32
65.74
101.75
104.40
107.02
100.60
110.95
96.68
112.24
103.96
106.08
107.69
106.14
106.21
106.04
105.46
109.02
109.26
108.64
107.73
111.67
111.71
111.62
110.83
104.09
100.37
106.52
100.61
109.41
103.06
112.13
104.42
105.62
108.46
111.97
115.74
100.28
100.82
100.30
Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes
(14).
Men's and boys' clothing and accessories except shoes (15+16)
103.41
111.42
102.64
103.87
103.94
103.76
103.05
Addenda: Food excluding alcoholic beverages (8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
102.27
104.60
109.72
103.31
102.77
Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).
101.97
105.00
107.93
103.38
105.67
105.20
Nondurable goods
101.80
104.38
104.76
102.37
Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
99.40
96.60
96.21
98.68
94.10
96.39
98.54
94.09
98.97
99.68
Gasoline and oil (75)
99.58
101.11
107.34
107.33
Fuel oil and coal (40)
97.95
97.18
108.61
109.60
103.54
100.08
103.73
105.96
101.10
105.30
102.55
104.34
107.18
104.11
107.04
105.69
104.98
106.74
106.49
108.30
110.60
105.73
107.07
107.74
106.41
102.11
104.86
107.44
101.01
110.04
109.72
101.34
114.80
111.29
100.46
119.85
106.92
100.22
110.93 115.48
103.23 99.96
116.61
96.78
106.85
110.37
113.32
116.61
105.70
108.99
112.34
115.66
99.96
Other
Tobacco products (7)
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
Net foreign remittances (109 less 111)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (93)
Services
Housing
45
NOTE.—See notes and footnotes to table 2.4. The figures in parentheses are the line numbers of the corresponding items in table 2.4.
Line
1994
1995
1996
1997
105.71
105.31
112.00
106.73
109.24
107.81
114.95
110.65
112.71
110.60
119.33
115.49
115.98
113.71
126.65
120.44
Household operation
Electricity (37)
..
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
104.87
102.02
108.17
110.92
103.80
106.30
104.75
105.84
104.34
102.55
114.51
102.62
109.55
109.98
107.91
106.08
106.83
118.67
102.55
113.43
113.81
108.65
106.65
114.20
121.63
99.26
117.57
117.11
Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab(80)
Purchased intercity transportation
Railway (82)
Bus (83)
Airline (84)
Other (85)
106.32
107.41
107.34
108.95
110.26
109.50
110.85
112.87
111.71
113.23
114.64
113.03
107.62
103.97
103.84
104.23
102.05
102.39
96.73
101.01
113.57
113.20
107.40
108.10
106.06
103.48
107.90
93.73
102.47
115.54
117.55
118.54
119.06
117.56
99.76
1,14.94
95.52
97.62
117.64
121.33
120.65
119.82
122.18
105.01
114.80
95.91
103.61
119.32
Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)
110.51
110.86
110.31
107.28
107.68
137.50
114.98
115.22
115.77
109.40
111.11
155.90
117.51
116.02
121.18
111.39
114.27
158.51
120.18
117.58
126.84
115.65
116.54
162.25
Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured
pension pi.
Expense of handling life insurance (64)
Legal services (65)
Funeral and burial expenses (66)
Other (67)
Recreation '.
Admissions to specified spectator amusements (94
Other (92+98+99+100+101)
Education and research
Higher education (103)
Nursery, elementary, and secondary schools (104)
Other (105)
Religious and welfare activities (106)
Net foreign travel
Foreign travel by U.S. residents (108)
Less: Expenditures in the United States by nonresidents (110)
105.42
105.66
105.69
105.68
105.60
105.21
95.85
114.79
109.46
107.45
107.17
107.85
107.06
109.73
92.76
121.45
112.99
109.97
108.93
111.31
108.80
114.16
91.10
128.34
117.91
113.09
111.58
115.07
111.36
121.70
88.93
134.64
103.46
110.30
115.34
128.92
106.61
107.83
110.03
107.89
105.58
106.47
105.47
108.14
110.98
104.93
104.33
104.43
110.12
111.25
116.52
112.43
108.31
110.22
108.05
113.47
116.31
110.39
109.53
108.44
116.91
115.15
122.26
115.17
111.92
115.68
111.43
117.33
121.71
112.36
111.69
110.32
122.95
119.81
128.60
118.31
115.36
118.91
114.90
121.14
127.16
114.55
113.58
112.26
102.73
105.04
105.84
108.05
108.36
112.34
109.82
116.08
Owner-occupied nonfarm dwellings—space rent (24)
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
:
87
August 1998
SURVEY OF CURRENT BUSINESS
•
95
Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1995
I
II
1997
1996
III
IV
I
II
III
IV
1998
I
II
III
IV
I
II
Chain-type quantity indexes
1
Structures
.
.
.
.
116.86
123.30
134.10
145.25
119.79
122.17
122.26
123.28
125.49
129.10
133.20
136.21
137.91
139.90
143.85
147.98
149.28
156.36
160.83
2
Private fixed investment
Nonresidential .....
116.22
127.38
139.21
154.04
120.62
125.19
127.30
127.58
129.47
133.50
137.02
141.64
144.66
147.14
152.04
158.13
158.86
167.04
171.63
3
101.94
105.97
8657
118.55
83.48
106.78
113.80
8882
108.49
81.83
112.16
124.58
8067
114.88
67.12
120.09
132.99
8331
134.77
70.12
103.45
107.62
86.35
125.67
81.14
106.11
111.45
89.14
117.73
84.29
107.43
114.39
90.75
104.55
85.50
107.31
114.20
89.67
107.03
86.12
106.28
115.18
85.75
104.67
71.42
107.94
118.27
81.97
108.25
73.14
109.87
122.24
79.65
108.01
68.25
112.24
125.15
78.66
117.57
64.87
118.57
132.68
82.40
125.71
62.21
119.71
135.01
81.37
124.73
59.55
117.81
130.56
82.91
132.50
61.85
121.29
134.27
84.35
139.96
63.73
121.56
132.12
84.59
141.90
95.34
120.06
132.62
84.77
134.72
68.64
118.67
131.40
8512
128.18
66.89
122.66
123.07
152.80
11017
118.14
131.37
117.59
136.80
150.15
229.28
11975
129.23
138.57
123.93
151.75
182.88
344.37
127 94
134.93
148.11
131.86
170.04
222.13
488.82
14028
140.93
162.83
142.95
128.42
130.88
171.33
113.89
121.88
,139.80
119.59
133.87
136,89
182.97
117.57
126.71
145.37
124.63
136.34
148.48
216.71
121.03
130.36
138.19
122.92
136.81
152.97
239.54
119.95
130.50
133.77
123.73
140.15
162.25
277.90
120.48
129.37
136.95
124.46
145.36
171.08
304.07
124.01
133.35
141.52
127.03
149.64
177.39
324.38
126.05
136.59
145.07
130.46
155.38
188.62
360.58
130.64
134.81
153.99
134.65
156.62
194.45
388.44
131.06
134.98
151.84
135.30
159.77
202.59
415.31
134.20
135.20
152.09
138.91
168.20
214.73
463.97
137.09
141.48
163.01
142.26
175.62
232.17
523.22
144.09
143.00
169.27
146.25
176.58
239.04
552.78
145.72
144.03
166.94
144.39
190.08
263.41
664.79
15152
147.28
185.27
152.09
198.01
281.52
752.75
15565
148.12
192.37
158.25
Nonresidential o u o n 9 5 > includinq farm
buildings, l o u
y
Utilities
'
4
5
Mining exploration shafts and wells
Other structures
6
Producers' durable equipment
Information processing and related equipment ...
Computers and peripheral equipment'
Other
Industrial equipment
Transportation and related equipment
Other
7
8
9
10
11
12
13
14
15
118.39
113.85
122.32
125.36
117.90
115.21
110.63
113.33
116.22
118.84
124.24
123.71
122.48
123.41
125.26
125.14
127.64
132.34
136.51
Structures
Single family .
Multifamily
Other structures
16
17
18
19
118.59
120.26
104.20
118.50
113.79
108.80
129.13
118.55
122.37
117.24
142.79
12661
125.33
117.72
154.04
131.79
118.00
116.84
118.52
119.65
115.21
112.62
124.55
117.55
110.53
105.33
123.52
115.92
113.23
106.58
132.75
119.68
116.17
110.67
135.70
121.04
118.88
114.14
142.61
122.10
124.31
118.86
153.46
127.73
123.78
118.95
135.32
128.91
122.49
117.00
139.77
127.68
123.39
117.00
151.45
128.27
125.24
117.77
155.40
131.29
125.07
116.78
149.30
133.12
127.62
119.34
160.01
134.47
132.34
124.67
169.09
137.71
136.56
12878
162.06
14372
Producers' durable equipment
20
110.85
116.34
120.47
126.88
114.28
115.31
114.62
117.30
118.11
117.08
121.43
120.92
122.44
124.35
126.48
128.14
128.56
132.40
134.84
103.24
Residential
Chain-type price indexes
Private fixed investment
Nonresidential
21
103.40
104.81
104.68
104.45
104.04
104.45
104.95
104.93
104.92
104.72
104.55
104.76
104.70
104.53
104.40
104.50
104.37
103.81
22
101.89
102.40
101.46
100.15
102.12
102.16
102.66
102.49
102.28
101.89
101.50
101.37
101.09
100.65
100.28
100.04
99.64
98.90
98.08
23
24
25
111.41
111.62
11077
112.85
108.23
114.33
114.14
114 03
118.62
111.73
118.22
117.79
11662
126.85
115.51
109.00
109.38
108.74
108.55
105.26
110.26
110.73
109.35
110.43
106.38
111.06
111.37
110.14
112.13
107.64
111.83
111.94
111.38
113.71
108.80
112.49
112.45
112.20
115.13
110.11
113.08
112.95
113.00
116.06
111.29
113.69
113.51
113.43
117.56
111.58
114.84
114.71
114.13
119.40
111.70
115.72
115.37
115.57
121.47
112.34
116.66
116.16
115.97
124.44
113.69
117.59
117.02
116.72
126.26
115.11
118.83
118.41
117.05
127.82
115.87
119.79
119.57
116.73
128.91
117.39
120.58
120.29
11713
131.00
117.66
121.34
121.20
11730
131.81
117.61
96.80
77.17
49.18
99.56
109.26
107.53
108.17
6931
37.75
99.14
110.12
108.35
109.15
99.46
90.07
72.75
100.59
104.72
104.65
103.97
99.08
88.39
69.25
100.32
105.45
104.56
104.29
99.47
87.31
66.67
100.36
107.15
105.41
105.35
98.98
84.99
62.71
99.96
107.93
106.21
105.85
98.49
82.81
58.99
99.59
108.49
106.57
106.85
97.77
80.46
54.55
99.70
108.86
106.66
107.50
97.05
78.00
50.23
99.57
109.07
107.43
107.71
96.52
76.03
47.40
99.39
109.37
108.09
108.38
95.88
74.20
44.56
99.57
109.73
107.93
109.09
95.01
72.11
41.65
99.28
109.89
108.01
109.05
94.23
70.19
38.86
99.19
109.95
108.15
109.19
93.54
68.31
36.25
99.24
110.17
108.87
109.01
92.75
66.63
34.25
98.84
110.46
108.37
109.34
91.57
64.12
31.23
98.58
110.52
107.99
109.84
90.34
61.49
28.34
98.15
110.79
107.86
109.99
Structures
Nonresidential buildings, including farm
Utilities
Mining exploration shafts and wells
Other structures
27
107.00
107.31
107 31
105.69
103.85
Producers' durable equipment
Information processing and related equipment...
Computers and peripheral equipment'
Other .. .
Industrial equipment
Transportation and related equipment
Other
28
29
30
31
32
33
34
99.86
92.08
77.13
100.87
103.58
104.77
103.48
99.00
85.88
64.40
100.06
107.26
105.69
105.59
26
35
107.11
110.90
113.03
115.96
108.83
110.19
110.68
111.10
111.64
111.95
112.41
113.61
114.14
114.80
115.35
116.50
117.20
117.21
117.44
Structures
Single family
Multifamily
Other structures
36
37
38
39
107.22
109.80
10320
104.36
111.11
114.40
10580
107.53
113.27
116.50
108 70
109.64
116.29
119.90
11220
112.11
108.97
112.38
104.42
105.17
110.37
113.74
105.34
106.68
110.88
114.16
105.48
107.33
111.31
114.65
105.90
107.68
111.87
115.05
106.42
108.43
112.17
115.28
107.33
108.72
112.65
115.60
107.84
109.40
113.87
117.26
109.56
109.99
114.40
117.83
110.21
110.46
115.06
118.55
110.95
111.03
115.66
119.14
111.53
111.63
116.85
120.52
112.79
112.59
117.58
121.36
113.49
113.19
117.58
121.04
113.25
113.59
11782
121.09
113.29
114.11
Producers' durable equipment
40
102.96
103.37
103.97
104.03
103.59
103.45
103.33
103.32
103.38
103.84
103.37
104.01
104.66
105.28
104.12
103.54
103.18
103.92
103.40
Residential
1. Includes new computers and peripheral equipment only.
g6
SURVEY OF CURRENT BUSINESS
• August 1998
Table 7.7.—Chain-Type Quantity and Price indexes for Private Purchases
of Structures by Type
[Index numbers, 1992=100]
Line
1994
1995
1996
Table 7.8.—Chain-Type Quantity and Price Indexes for Private Purchases
i
of Producers' Durable Equipment by Type
[Index numbers, 1992=100]
Line
1997
1994
1995
1996
1997
Chain-type quantity indexes
Chain-type quantity indexes
1
111.35
110.75
117.93
123.08
2
101.94
106.78
112.16
120.09
3
101.61
106.37
111.74
119.20
Nonresidential buildings, excluding farm
Industrial
Commercial
'.
..
Office buildings'
:
..:....:
Other 2
Religious, educational, hospital and institutional, and other
4
5
6
7
8
9
105.53
92.94
111.54
101.98
119.55
107.35
113.83
100.34
122.62
113.23
130.49
111.72
124.27
98.60
133.39
120.57
144.14
133.38
132.84
91.84
142.80
137.48
147.26
155.31
Utilities
Railroads
Telecommunications
Electric light and power
Gas
Petroleum pipelines
10
11
12
13
14
15
86.57
103.14
107.19
80.99
62.22
107.89
88.82
105.67
113.27
73.60
81.93
98.59
80.67
126.98
113.91
58.11
63.18
106.71
83.31
141.29
110.45
64.53
61.64
99.29
16
17
18
19
20
126.19
118.55
117.30
128.89
77.61
112.64
108.49
109.95
96.03
74.34
139.03
114.88
116.40
101.94
60.34
140.08
134.77
137.03
115.20
54.08
21
22
109.07
119.07
130.54
140.39
23
118.59
113.79
122.37
125.33
24
119.17
113.89
121.86
124.11
25
26
27
28
29
30
31
119.96
118.61
120.26
104.20
151.51
117.42
85.51
113.19
110.61
108.80
129.13
172.70
115.52
124.06
122.37
119.54
117.24
142.79
187.84
120.42
142.90
124.12
121.04
117.72
154.04
195.09
123.60
191.88
32
33
112.02
111.67
126.13
136.63
Private purchases of structures
Nonresidential
....
,
New
,
.'
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas '..
Other
Other4
.;
:
.'.
,
Brokers' commissions on sale of structures
Net purchases of used structures
Residential
New
;
New housing units
Permanent site
Single-family structures
Multifamily structures .1
Mobile homes
Improvements
Other 5
Brokers' commissions on sale of structures
Net purchases of used structures
107.12
111.22
113.70
117.08
35
107.00
111.41
114.33
118.22
36
107.02
111.44
114.37
118.27
Nonresidential buildings, excluding farm
Industrial
Commercial
Office buildings'
Other 2
Religious, educational, hospital and institutional, and other :
37
38
39
40
41
42
107.31
107.29
107.33
107.29
107.37
107.29
111.62
111.59
111.66
111.59
111.71
111.59
114.14
114.10
114.18
114.10
114.23
114.10
117.79
117.76
117.82
117.76
117.86
117.76
Utilities
Railroads
Telecommunications
Electric light and power
43
44
45
46
47
48
107.31
110.60
105.01
107.50
108.99
108.95
110.77
113.41
109.00
111.40
111.00
110.99
114.03
118.29
115.00
112.60
111.99
112.03
116.62
122.29
117.00
115.00
115.00
114.95
49
50
51
52
53
107.27
105.69
105.50
107.30
104.31
111.59
112.85
113.00
111.58
109.01
114.10
118.62
119.10
114.13
112.85
117.77
126.85
127.80
117.76
116.95
54
55
104.41
106.95
107.36
111.26
109.03
113.96
111.38
116.50
New
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other 4
Brokers' commissions on sale of structures
Net purchases of used structures
Residential
New
New housing units
Permanent site
Single-family structures
Multifamily structures
Mobile homes
Improvements
Other 5
Brokers' commissions on sale of structures
Net purchases of used structures
56
107.22
111.11
113.27
116.29
57
107.67
111.83
114.26
117.61
58
59
60
61
62
63
64
109.39
109.24
109.80
103.20
112.43
103.70
109.83
113.94
113.64
114.40
105.80
119.53
106.95
114.49
116.22
115.84
116.50
108.70
122.93
109.75
116.43
119.53
119.26
119.90
112.20
124.67
113.21
119.94
65
66
104.10
109.72
106.00
114.58
106.30
117.82
107.10
122.12
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes.
136.48
151.26
122.66
136.80
151.75
170.04
3
4
5
6
7
8
9
123.07
144.09
152.80
99.08
113.18
102.56
117.41
150.15
208.77
229.28
111.48
130.47
104.19
113.73
182.88
300.43
344.37
113.72
144.43
110.19
111.32
222.13
414.65
488.82
122.69
161.19
117.62
119.59
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment .
Electrical transmission, distribution, and industrial apparatus
10
11
12
13
14
15
16
118.14
113.47
105.53
126.01
115.03.
122.88
114.03
129.23
120.83
90.96
140.50
134.17
131.67
121.60
134.93
128.99
98.63
144.41
135.75
142.21
127.70
140.93
130.82
78.20
158.29
136.37
148.88
140.98
Transportation and related equipment
17
18
19
20
21
22
131.37
152.97
135.58
63.58
116.32
146.08
138.57
172.10
121103
92.26
132.03
155.83
148.11
191.76
126.64
86.98
166.65
151.04
162.83
216.08
125.32
118.09
171.89
1.61.18
23
24
25
26
27
28
29
30
31
117.31 . 123.93
107.00 114.75
131.32 135.94
137.15 149.02
146.59 159.02
126.55 147.67
118.39 119.64
94.91 101.98
116.93 119.49
131.70
118.02
139.37
154.58
182.97
149.81
125.01
112.13
129.41
142.90
131.53
1.49.84
164.20
200.30
171.44
124.55
123.94
142138
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment l
Other
i
Communication equipment
Instruments
Photocopy and related equipment
,
Trucks, buses, and truck trailers
Autos
Aircraft
'.
Ships and boats
;
Railroad equipment
Other equipment
Furniture and fixtures
Tractors
<
1
,
:
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Other
.
Less: Sale of equipment scrap, excluding autos
Residential equipment
169.36
32
111.40
124.69
128,60
142.67
33
110.85
116.34
120.47
126.88
34
99.91
99.07
96.90
94.01
35
99.86
99.00
96.80
93.88
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment'
Other
Communication equipment
.'.
Instruments
Photocopy and related equipment
36
37
38
39
40
41
42
92.08
80.23
77.13
103.05
98.36
104.05
103.16
85.88
68.56
64.40
104.03
95.46
105.77
105.53
77.17
53.87
49.18
102.72
93.58
107.48
107.93
69.31
42.44
37.75
101.69
92.98
107.44
108.09
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment .
Electrical transmission, distribution, and industrial apparatus
43
44
45
46
47
48
49
103.58
100.83
103.01
104.69
104.12
104.40
102.22
107.26
106.06
106.13
108.76
107.78
107.46
105.45
109.26
109.12
107.81
111.18
109.86
109.49
106.24
110.12
111.87
109.85
111.54
110.91
110.56
105.96
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
50
51
52
53
54
55
104.77
108.75
100.50
105.45
105.72
104.23
105.69
111.72
97.51
109.76
107.38
110.99
107.53
112.42
100.30
113.38
110.17
113.71
108.35
111.72
103.45
115.08
112.86
111.72
Other equipment
Furniture and fixtures
56
57
58
59
60
61
62
63
64
104.07
104.67
104.57
105.20
105.27
103.23
103.51
101.86
103.67
106.65
107.62
106.02
107.86
108.59
106.98
106.41
103.28
106.19
108.68
110.17
107.48
110.52
111.06
109.32
108.60
103.08
108.43
109.73
111.93
107.86
111.79
113.11
111.30
110.23
101.57
109.10
Private purchases of producers' durable equipment .
34
Nonresidential
122.48
2
Nonresidential equipment
Chain-type price indexes
Chain-type price indexes
Private purchases of structures
1
Private purchases of producers' durable equipment .
Nonresidential equipment
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Other
t
Less: Sale of equipment scrap, excluding autos
Residential equipment
1. Includes new computers and peripheral equipment only.
n.e.c. Not elsewhere classified.
65
119.89
137.75
124.08
127.08
66
102.96
103.37
103.97
104.03
SURVEY OF CURRENT BUSINESS
August 1998
Table 7.9.—Chain-Type Quantity and Price indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Factor Income
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1996
1995
I
II
IV
III
I
II
1997
1998
III
IV
I
II
III
IV
I
II
142.48
148.75
164.76
119.54
128.42
145.35
154.09
173.17
119.89
126.20
150.70
160.28
182.32
121.24
129.77
154.53
165.07
18957
122.04
131.64
156.21
168.25
19215
126.07
130.32
155.12
166.82
192 06
12256
129.91
151.91
161.43
18417
12129
130.94
Chain-type quantity indexes
1
2
129.20
133.48
144.07
113.36
119.48
130.37
135.72
146.92
114.58
118.27
132.23
137.07
150.69
111.92
121.21
132.92
139.60
154.58
112.27
118.10
5
111.41
113.62
11849
103.87
106.38
ReceiDts of factor income
6
122.16
152.21
155.75
172.59
133.56
147.86
154.06
151.49
155.42
153.08
152.23
154.86
162.82
165.22
174.78
178.10
172.29
174.77
ImDorts of aoods and services
7
11
122.13
125.56
131 62
114.81
107.31
132.90
137.61
14788
119.55
112.56
145.19
151.36
165 01
127.72
118.65
165.35
173.56
192 73
141.26
130.39
127.54
132.22
141 35
116.13
107.34
130.57
134.75
14451
117.59
112.46
132.85
137.79
147.92
119.99
111.52
133.51
138.40
147.86
121.64
112.38
134.67
139.48
151.25
118.99
113.89
138.88
144.07
156.96
121.73
116.42
143.35
149.31
162.13
126.97
117.64
147.99
154.40
168.33
130.28
120.45
150.53
157.65
172.63
131.90
120.10
157.10
164.59
182.95
133.67
125.12
163.72
172.05
190.29
141.14
128.32
169.00
177.43
196.63
144.99
133.11
171.59
180.19
20107
145.23
135.01
177.95
187.38
20981
149.97
138.03
12
126.13
151.31
158.39
189.82
143.05
146.08
149.90
157.02
152.23
150.45
153.47
162.51
167.13
178.30
187.25
196.25
197.50
196.82
Exports of aoods and services
Sods» ™
Durable
Nondurable
._
*
:
Services l
Toods° _
Durable
Nondurable
Services'
:
" ._
Payments of factor income
3
4
8
9
10
123.95
127.86
13657
111.05
115.07
134.50
140.28
154 24
114.58
121.50
151.70
161.92
184 30
122.31
129.48
116.88
120.44
12526
110.69
108.79
119.47
123.12
12972
110.07
111.19
121.05
125.05
13317
109.19
111.99
126.10
129.81
139.31
111.57
117.63
183.00
193.68
21659
155.41
138.26
Chain-type price indexes
13
103.99
102.59
96.73
116.35
107.36
103.52
101.78
9546
116.79
107.76
102.92
100.78
94.35
116.09
108.24
102.62
99.90
93.19
115.98
109.46
102.19
99.24
91.59
117.80
109.63
101.35
97.80
90.07
116.69
110.47
100.26
96.00
88.57
114.10
111.42
100.01
95.58
88.05
114.00
111.67
99.76
94.98
87.30
113.90
112.41
99.36
94.54
8684
113.58
112.11
98.97
93.89
8623
112.85
112.53
98.13
92.78
85 69
109 99
112.52
17
101.24
99.96
97 99
104.39
104.28
Receipts of factor income
18
104.75
107.27
109.65
111.56
105.64
106.40
107.04
107.54
108.08
108.81
109.26
109.90
110.55
111.09
111.34
111.70
112.09
112.16
Imports of aoods and services
Goods 1
Durable
Nondurable
Services1
19
20
21
22
23
99.39
98.93
99.49
97 95
101.61
101.61
101.05
99.61
104.24
104.31
99.36
98.10
93.34
108.67
105.93
95.72
93.94
88.29
106 63
105.33
100.72
100.22
100.00
100.81
103.15
101.09
100.90
100.05
10285
101.81
102.79
102.32
100.63
106.03
105.00
101.78
101.03
99.68
104.00
105.54
100.77
99.95
98.08
104.09
104.88
100.32
99.35
96.34
105.97
105.27
99.94
98.83
94.42
108.57
105.64
98.62
97.20
92.32
108.02
106.15
98.55
97.01
90.30
112.12
106.68
97.45
95.87
89.13
111.04
105.88
95.66
93.76
88.55
105.41
105.95
95.16
93.32
88.14
104.91
105.10
94.62
92.81
87.33
105.15
104.40
92.05
9007
86.02
9899
102.85
Pavments of factor income
24
105.20
108.21
111.06
113.61
106.72
107.12
107.87
108.57
109.26
110.11
110.61
111.39
112.14
113.07
113.47
113.74
114.15
114.23
Exports of aoods and services
Goods 1
Durable
Nondurable
Services'
14
15
16
103.39
101.77
95 95
115.51
107.33
101.60
98.23
9086
116.14
110.24
99.53
94.75
8710
113.58
112.18
102.11
100.69
9732
108.45
105.54
103.13
101.94
9727
112.81
105.97
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
97 66
92.04
85 21
10850
112.86
90.99
88 71
84.99
9683
103 65
SURVEY OF CURRENT BUSINESS
9 8 • August 1998
Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product
[Index numbers, 1992=100]
1994
1995
1996
1997
1994
111.41
123.95
134.50
151.70
116.88
119.47
121.05
126.10
129.20
130.37
132.23
132.92
142.48
145.35
150.70
154.53
156.21
155.12
151.91
113.62
127.86
140.28
161.92
120.44
123.12
125.05
129.81
133.48
135.72
137.07
139.60
148.75
154.09
160.28
165.07
168.25
166.82
161.43
99.56
102.87
101.88
103.43
124.07
78.68
157.80
132.68
120.64
114.89
114.38
115.40
98.05
98.06
98.05
110.39
110.84
114.81
108.73
149.48
63.18
229.78
164.90
127.48
121.74
121.60
121.87
105.46
105.46
105.46
108.86
116.03
121.61
113.08
176.54
71.57
341.06
185.56
132.62
130.80
131.20
130.37
112.14
112.15
112.14
108.86
126.02
132.60
122.56
220.70
92.90
500.14
221.55
149.78
143.37
144.74
141.93
129.34
129.34
129.33
116.06
105.78
106.98
105.15
131.12
73.07
178.25
141.76
128.64
120.95
120.11
121.80
103.53
103.53
103.53
112.85
108.42
111.28
106.92
136.66
62.49
192.63
151.65
132.41
119.67
121.34
117.92
103.56
103.56
103.56
110.37
108.52
113.62
105.82
144.74
65.35
207.18
160.20
124.06
121.26
121.89
120.59
102.47
102.47
102.47
112.16
112.27
119.13
108.66
154.12
63.61
242.15
169.77
126.68
122.58
120.65
124.57
101.17
101.17
101.17
106.20
114.13
115.22
113.53
162.42
61.26
277.16
177.98
126.76
123.45
122.53
124.40
114.64
114.64
114.64
111.83
114.22
116.38
113.06
167.34
63.25
310.56
179.72
128.20
127.93
126.39
129.50
104.17
104.17
104.17
104.51
113.63
121.02
109:75
171.02
66.62
328.16
181.22
130.05
129.76
129.10
130.44
113.89
113.89
113.89
104.65
115.51
123.39
111.37
175.05
68.87
348.85
183.62
137.25
129.69
130.98
128.32
112.39
112.39
112.39
114.45
120.73
125.66
118.14
192.75
87.53
376.68
197.67
134.99
135.84
138.34
133.23
118.14
118.14
118.14
109.32
121.50
127.47
118.36
204.22
90.53
430.26
206.74
144.26
139.81
139.25
140.39
125.19
125.19
125.19
103.88
126.59
133.30
123.05
216.65
88.08
497.43
218.13
148.64
145.02
146.94
143.01
128.64
128.64
128.64
104.84
127.73
133.37
124.76
229.84
95.72
542.94
228.74
151.26
143.24
146.08
140.26
130.34
130.34
130.33
117.42
128.26
136.26
124.05
232.10
97.25
529.93
232.61
154.96
145.41
146.71
144.04
133.18
133.18
133.18
112.93
126.37
139.53
119.48
230.31
108.63
508.13
226.64
157.10
144.58
145.75
143.35
133.29
133.29
133.29
103.54
126.09
135.94
120.95
219.82
98.67
512.60
216.14
144.54
144.64
146.04
143.17
140.17
140.17
140.17
106.38
Line
130.94
1995
1997
1996
1998
Chain-type quantity indexes
Exports of goods and services
Exports of goods 1
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
Exports of services1
115.07
121.50
129.48
108.79
111.19
111.99
117.63
119.48
118.27
121.21
118.10
128.42
126.20
129.77
131.64
130.32
129.91
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other T.
93.40
114.80
120.86
148.15
85.74
109.23
113.00
122.84
114.12
104.23
115.87
117.91
145.45
134.66
158.28
162.54
137.13
153.02
132.81
102.43
98.79
103.99
108.04
115.48
110.12
108.43
103.61
109.74
140.98
120.12
109.36
114.83
111.77
107.65
149.47
131.69
108.25
116.82
118.43
111.02
150.73
150.52
107.75
103.50
97.91
109.94
113.45
120.41
111.01
103.43
100.60
106.51
135.51
116.55
109.69
103.08
96.64
109.34
138.62
118.33
108.55
111.35
107.08
109.81
145.28
121.62
110.56
115.87
110.13
113.30
144.50
123.99
108.63
112.47
109.34
104.90
146.65
128.01
110.41
116.71
113.18
107.63
146.23
130.57
107.60
105.85
107.07
106.31
150.05
131.39
107.63
124.29
117.49
111.78
154.95
136.79
107.37
116.91
119.65
109.50
149.33
141.62
107.20
118.57
114.82
111.08
150.81
148.60
107.60
117.01
116.43
111.13
153.42
155.06
108.04
114.80
122.84
112.39
149.34
156.81
108.17
114.23
122.28
111.43
147.50
153.83
108.35
116.83
129.23
114.32
147.17
155.77
108.41
Imports of goods and services
122.13
132.90
145.19
165.35
127.54
130.57
132.85
133.51
134.67
138.88
143.35
147.99
15053
157.10
163.72
169.00
171.59
177.95
183.00
125.56
137.61
151.36
173.56
132.22
134.75
137.79
138.40
139.48
144.07
149.31
154.40
157.65
164.59
172.05
177.43
180.19
187.38
193.68
103.94
124.85
106.18
131.06
116.82
138.73
128.72
150.31
101.61
131.19
108.12
132.12
104.58
134.12
105.17
129.33
106.86
128.66
114.03
132.71
114.77
136.34
118.07
142.24
120.40
143.62
124.18
144.36
127.80
149.41
131.31
152.87
131.58
154.60
138.43
161.33
137.46
168.42
132.01
118.22
116.75
146.69
84.58
196.41
140.34
122.97
117.40
118.54
116.14
113.67
113.67
113.67
136.75
125.79
114.95
184.06
78.27
282.53
171.58
125.02
126.54
127.16
125.87
115.73
115.73
115.73
146.44
131.61
123.73
220.93
88.71
384.26
197.28
129.38
134.86
135.69
133.96
124.04
124.04
124.04
157.94
143.27
129.39
278.05
111.94
515.96
241.80
140.97
153.94
152.86
155.06
143.99
143.99
143.99
140.02
123.02
112.80
160.38
88.10
227.54
150.82
131.64
123.43
125.57
121.08
113.89
113.89
113.89
141.31
123.63
109.44
167.77
77.89
235.82
160.28
132.05
126.59
127.21
125.90
110.70
110.70
110.70
140.62
128.13
113.42
179.26
82.34
261.67
168.91
127.76
127.74
128.18
127.26
117.51
117.51
117.51
132.34
126.53
121.44
188.68
75.76
295.53
175.24
121.10
127.65
127.59
127.70
114.86
114.86
114.86
132.74
124.86
115.50
200.54
77.10
337.08
181.91
119.16
124.19
125.65
122.61
119.85
119.85
119.85
138.18
127.66
112.55
208.39
77.73
354.62
188.68
124.09
129.15
129.87
128.37
121.03
121.03
121.03
144.28
129.01
128.31
213.62
89.72
373.38
189.65
130.20
131.69
133.04
130.23
124.12
124.12
124.12
150.84
134.32
129.43
222.52
90.74
389.81
197.92
133.70
137.32
139.65
134.80
124.81
124.81
124.81
152.48
135.44
124.64
239.18
96.63
419.24
212.88
129.54
141.29
140.18
142.46
126.20
126.20
126.20
151.48
137.81
121.99
256.63
93.35
467.39
226.95
141.82
144.74
143.94
145.57
132.31
132.31
132.31
156.40
142.97
131.97
273.38
105.50
507.51
238.66
139.63
152.68
151.63
153.78
141.54
141.54
141.54
159.28
147.00
133.93
286.75
127.70
542.54
244.71
141.80
156.43
154.92
158.01
149.71
149.71
149.71
164.62
145.31
129.65
295.47
121.20
546.41
256.88
140.64
161.90
160.95
162.89
152.39
152.39
152.39
171.48
151.91
132.43
308.05
119.07
593.05
265.09
147.58
168.17
168.64
167.69
154.04
154.04
154.04
183.72
154.10
146.23
320.80
141.84
635.01
269.00
144.29
175.68
178.16
173.11
160.35
160.35
160.35
107.31
112.56
118.65
130.39
107.34
112.46
111.52
112.38
113.89
116.42
117.64
120.45
120.10
125.12
128.32
133.11
135.01
138.03
138.26
75.73
108.65
123.32
106.90
104.62
117.21
104.21
66.36
109.50
133.33
104.10
127.01
141.48
105.54
74.40
113.87
141.93
102.33
141.07
155.65
107.70
84.16
122.50
154.42
110.19
166.13
176.15
112.75
66.18
105.95
121.89
108.74
105.76
125.41
104.95
70.61
111.26
125.75
106.19
116.18
137.90
110.44
63.81
108.60
132.30
104.17
121.76
141.05
103.34
65.13
106.10
136.44
104.92
129.90
144.21
104.67
65.90
112.05
138.84
101.11
140.19
142.76
103.69
73.17
115.18
138.68
97.97
131.22
151.34
105.77
74.58
112.23
140.66
104.18
132.70
153.83
106.21
75.20
113.89
144.72
104.72
163.74
155.28
109.05
74.65
114.17
143.67
102.44
136.64
162.16
109.77
79.03
120.60
150.07
105.27
149.37
166.08
110.79
78.23
120.58
157.15
111.30
153.43
172.65
110.81
88.07
123.34
157.21
110.41
180.51
181.45
115.18
91.30
125.49
153.25
113.78
181.22
184.40
114.22
98.95
131.26
154.12
113.68
202.68
180.90
116.08
97.24
131.92
158.04
114.84
180.33
184.09
115.72
100.76
115.06
126.37
112.45
129.59
139.71
110.09
143.96
153.95
111.85
168.32
178.06
115.01
120.98
134.02
115.53
123.89
137.12
111.44
126.53
140.09
112.79
131.72
139.89
110.04
136.24
141.72
115.80
138.02
147.10
104.85
141.02
151.15
104.42
143.97
156.69
115.30
152.84
160.89
110.34
159.62
168.95
108.13
166.97
176.07
110.41
172.10
181.83
118.52
174.59
185.39
115.46
173.38
193.04
109.47
168.08
198.70
Imports of goods l
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
Imports of services'
Direct defense expenditures
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods
See note at the end of the table.
,
August 1998
SURVEY OF CURRENT BUSINESS
•
99
Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product—Continued
[Index n^rtibers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
I
II
1997
1996
1995
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
Chain-type price indexes
55
Exports of goods and services
Exports of goods 1
....
. •.
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 aoods
ExDorts of services'
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods land services
ImDorts of aoods'
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
imports of services'
Direct defense expenditures
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods
NOTE.—See footnotes to table 4.3.
101.24
103.39
101.60
99.53
102.11
103.13
103.99
103.52
102.92
102.62
102.19
101.35
100.26
100.01
99.76
99.36
98.97
98.13
97.66
56
99.96
101.77
98.23
94.75
100.69
101.94
102.59
101.78
100.78
99.90
99.24
97.80
96.00
95.58
94.98
94.54
93.89
92.78
92.04
57
58
59
70
71
104.48
107.09
109.99
105.52
93.96
106.03
73.41
96.61
101.84
101.53
100.68
102.45
102.48
102.48
102.48
113.35
121.31
117.82
123.26
88.82
109.62
60.00
92.97
103.13
102.91
101.52
104.40
105.78
105.78
105.78
126.48
115.71
113.74
116.78
81.44
114.05
44.57
87.85
104.25
104.27
102.72
105.94
103.62
103.62
103.62
117.30
115.23
112.74
116.60
75.99
118.02
34.31
84.26
105.10
105.05
103.71
106.48
100.84
100.84
100.84
103.40
114.20
113.37
114.68
92.06
106.82
68.93
95.08
102.46
101.71
100.83
102.67
103.90
103.86
103.86
105.15 109.14
120.74 124.26
117.58 118.81
122.51 127.31
91.08 . 89.91
108.38 109.29
65.06
62.43
94.61
93.57
102.72 102.75
102.22 102.94
101.05 101.32
103.48 104.68
105.64 106.36
105.63 106.37
105.63 106.37
116.86
121.83
118.11
123.89
88.00
109.92
58.25
92.35
102.97
103.19
101.84
104.65
105.92
105.95
105.95
122.27
118.43
116.77
119.33
86.30
110.90
54.24
91.35
104.10
103.29
101.88
104.81
105.20
105.24
105.24
124.70
116.94
115.95
117.43
84.62
112.14
50.23
90.33
104.11
103.91
102.33
105.62
104.93
104.98
104.98
133.46
115.69
114.50
116.30
82.36
113.47
45.52
88.77
104.14
104.26
102.75
105.90
104.49
104.54
104.54
128.97
115.06
112.37
116.55
80.46
114.96
42.68
87.10
104.24
104.39
102.87
106.04
103.44
103.48
103.48
118.78
115.17
112.16
116.85
78.33
115.64
39.84
85.20
104.53
104.51
102.92
106.23
101.63
101.66
101.66
118.83
115.45
113.16
116.70
77.35
117.41
37.71
84.56
104.91
104.81
103.40
106.33
101.18
101.21
101.21
119.30
115.29
113.28
116.38
76.16
117.49
34.50
84.44
105.14
104.87
103.76
106.07
101.03
101.04
101.04
116.76
115.59
113.34
116.82
75.52
118.43
33.04
84.19
105.18
105.18
103.77
106.70
100.65
100.65
100.65
114.31
114.60
111.17
116.52
74.93
118.73
32.01
83.85
105.17
105.32
103.91
106.84
100.50
100.48
100.48
109.56
111.90
109.79
113.02
74.40
119.11
30.94
83.57
105.17
105.35
103.79
107.04
99.46
99.43
99.43
107.74
110.28
108.98
110.89
7389
119.44
29.78
83.40
105.14
105.03
103.33
106.85
99.00
98.98
98.98
60
61
62
63
64
65
66
67
68
69
72
104.28
107.33
110.24
112.18
105.54
105.97
107.36
107.76
108.24
109.46
109.63
110.47
111.42
111.67
112.41
112.11
112.53
112.52
112.86
73
107.48
110.12
111.11
108.28
108.64
108.22
110.08
109.70
112.47
115.14
109.97
109.85
109.47
110.24
109.92
107.00
105.95
107.77
107.80
74
75
76
77
78
79
104.18
104.06
101.23
. 104.79
103.96
107.73
106.80
109.81
103.06
107.34
106.12
115.66
110.96
109.90
105.87
109.70
107.89
124.01
114.57
106.17
106.20
111.61
109.51
134.50
104.55
106.11
101.93
105.70
104.60
114.93
105.00
108.58
102.61
106.46
105.21
112.13
106.62
112.09
104.08
107.10
105.80
114.13
107.34
109.45
103.16
107.60
106.74
117.07
108.04
109.30
102.41
108.13
106.71
119.31
109.45
109.83
104.54
108.86
107.28
121.36
110.51
107.57
105.48
109.31
107.68
122.49
111.58
109.46
105.96
109.96
108.04
125.05
112.23
112.62
107.51
110.61
108.58
127.15
113.73
103.20
107.24
111.15
109.00
133.03
114.27
108.78
106.10
111.40
109.39
135.32
114.43
107.75
105.34
111.76
109.58
134.33
115.87
105.11
106.11
112.15
110.05
135.34
116.46
105.51
102.90
112.22
110.12
135.46
117.87
102.80
102.76
112.48
110.38
137.03
90.99
80
99.39
101.61
99.36
95.72
100.72
101.09
102.79
101.78
100.77
100.32
99.94
98.62
98.55
97.45
95.66
95.16
94.62
92.05
81
98.93
101.05
98.10
93.94
100.22
100.90
102.32
101.03
99.95
99.35
98.83
97.20
97.01
95.87
93.76
93.32
92.81
90.07
88.71
82
83
107.88
102.14
113.16
111.16
110.73
109.59
111.70
109.45
113.76
105.99
114.57
108.91
112.97
110.96
113.52
112.42
111.60
112.36
109.32
110.91
112.91
109.54
110.12
108.71
110.56
109.21
111.16
110.62
112.96
108.64
111.82
109.39
110.85
109.15
109.24
106.32
109.05
105.07
84
86
87
88
89
90
91
92
93
94
95
96
97
103.58
10080
85.15
93.62
106.19
74.17
100.50
104.79
101.58
101.82
101.33
103.17
103.17
103.17
111.62
11080
94.71
89.61
108.75
62.86
100.03
107.88
103.10
103.09
103.12
107.47
107.47
107.47
110.05
109.23
113.98
77.23
113.54
50.52
87.24
108.57
103.44
103.06
103.87
107.71
107.71
107.71
112.02
106.97
107.54
68.09
117.86
42.92
76.94
108.80
102.24
100.86
103.76
107.14
107.14
107.14
107.23
104.84
87.88
92.74
106.79
70.30
101.06
106.42
102.05
101.96
102.15
105.12
105.12
105.12
110.18
107.75
92.72
91.79
107.86
67.48
100.95
106.54
102.34
102.42
102.26
106.14
106.14
106.14
110.99
111.02
101.50
91.70
108.56
64.46
102.37
107.91
103.24
103.20
103.29
107.64
107.64
107.64
113.02
111.93
92.17
89.06
108.89
61.46
99.93
108.34
103.44
103.51
103.37
108.04
108.04
108.04
112.31
112.51
92.62
85.89
109.68
58.05
96.87
108.74
103.40
103.23
103.58
108.07
108.07
108.07
110.02
111.90
101.01
82.83
111.61
54.66
93.92
108.58
103.71
103.53
103.92
107.95
107.95
107.95
110.42
108.75
112.30
79.08
113.16
51.20
89.88
108.44
103.55
103.18
103.97
107.84
107.84
107.84
109.97
107.55
112.87
75.32
114.45
49.14
84.93
108.64
103.37
102.90
103.90
107.45
107.45
107.45
109.78
108.74
128.59
71.68
114.93
47.08
80.22
108.64
103.13
102.62
103.70
107.59
107.59
107.59
111.28
110.05
123.05
69.48
116.93
44.98
77.86
108.63
102.64
101.84
103.52
107.62
107.62
107.62
112.49
104.88
103.90
68.54
117.43
43.71
77.14
108.44
102.36
101.00
103.85
107.01
107.01
107.01
112.91
105.95
101.78
67.72
118.31
42.24
76.79
108.87
102.12
100.59
103.80
107.05
107.05
107.05
111.40
106.99
102.62
66.63
118.78
40.78
75.96
109.25
101.85
99.99
103.88
106.90
106.90
106.90
109.30
103.40
80.40
64.90
119.41
38.37
74.81
109.24
101.45
99.22
103.89
106.26
106.26
106.26
108.03
10216
72.63
63.57
119.68
36.02
74.34
109.07
10092
98.36
10372
106.58
106.58
106.58
98
101.61
104.31
105.93
105.33
103.15
101.81
105.00
105.54
104.88
105.27
105.64
106.15
106.68
105.88
105.95
105.10
104.40
102.85
103.65
99
98.23
104 52
98.99
100.13
104.74
100.32
104.68
108.77
10640
104.21
103.51
107.37
100.11
107.34
107.65
109.45
105.59
106.46
109.71
99.56
110.59
98.67
108.45
111.88
104.30
111.64
99.33
111.47
102.77
107.49
100.43
100.54
105.70
100.13
106.44
103.10
102.42
102.61
101.48
106.46
99.50
104.72
111.59
107.97
104.73
103.81
107.10
99.70
107.86
109.68
108.39
104.06
104.16
107.60
101.62
108.52
110.71
106.95
105.42
104.58
108.13
99.64
108.27
108.31
107.58
105.54
105.96
108.86
99.71
109.26
106.48
108.79
104.89
106.68
109.31
99.73
110.15
108.41
110.59
104.62
106.21
109.96
99.28
111.20
107.42
110.86
107.31
107.01
110.61
99.52
111.76
101.98
109.57
108.87
106.25
111.15
99.22
111.78
99.65
109.83
112.47
104.39
111.40
99.60
111.92
96.36
108.49
113.43
103.47
111.76
99.03
111.32
96.66
106.03
112.74
103.10
112.15
99.48
110.86
91.97
10417
112.26
100.30
112.22
99.14
109.98
93.59
10535
112.56
101.81
112.48
99.10
111.05
106.04
9935
100.34
115.54
10043
101.79
126.79
95 59
96.95
118.59
92.49
92.97
106.42
100.10
101.46
109.22
101.18
101.81
111.83
101.64
102.59
118.00
100.22
101.99
123.11
98.68
100.77
125.18
97.56
99.36
132.90
96.16
97.83
129.19
94.92
96.03
119.90
93.72
94.58
120.46
93.23
93.80
120.07
92.63
93.08
117.75
92.34
92.79
116.08
91.77
92.21
111.07
90 94
90.88
109.41
9028
89.99
85
100
101
102
103
104
105
106
107
108
100
• August 1998
SURVEY OF CURRENT BUSINESS
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 11992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1995
I
II
1997
1996.
III
IV
1
•
1998
III
IV
I
II
III
IV
1
II
Chain-type quantity indexes
Government consumption expenditures and
gross investment1.
Federal
National defense
Consumption expenditures
.....
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
Compensation of general government
employees, except force-account
construction3.
.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
\
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment
Addenda:
Compensation of general government employees3
Federal
State and local
See footnotes at the end of the table.
1"
99.27
100.98
100.58
100.59
101.10
101.63
101.99
102.01
101.53
102.45
86.10
87.78
89.51
88.45
87.02
86.43
87.20
86.92
86.46
84.50
85.94
83.37
85.23
62.69
60.76
88.37
83.13
84.82
86.03
64.40
69 51
88.82
82.54
86.50
87.36
71.96
79.96
89.24
82.44
85.11
86.78
74.73
83.56
88.19
81.92
83.29
85.90
65.35
63.28
88.77
80.57
81.15
84.73
67.23
74.19
86.91
79.87
82.94
86.40
71.11
72.30
88.48
79.08
82.56
85.20
63.92
75.60
87.72
78.87
82.15
84.48
68.51
7304
86.55
77.81
78.06
80.68
66.85
7067
82.50
77.29
7983
8343
64.33
71 65
8580
76.26
96.60
96.07
95.68
95.26
94.77
94.30
93.82
93.31
92.78
92.18
91.52
90.92
94.68
72.76
95.94
70.19
92.37
72.89
103.30
69.50
95.29
78.08
107.04
74.86
97.22
81.70
114.01
78.10
94.80
75.70
101.60
72.84
99.71
68.43
98.26
65.08
94.75
60.67
89.51
57.42
102.16
63.11
84.72
60.72
100.20
67.53
86.11
65.51
98.45
6889
85.60
67.11
85.52
6303
81.96
60.95
99.56
58 95
73 72
57.37
96.98
98.22
97.77
98.84
92.70
93.08
94.91
94.40
96.77
97.05
96.46
96.63
95.97
95.69
99.01
97.78
97.39
98.21
97.36
97.82
96.79
98.17
99.83
98.96
10051
101.44
87.93
97.44
94.47
84.70
98.56
95.25
84.25
98.70
95.02
81.26
93.00
87.07
79.70
93.93
88.65
77.26
97.08
92.07
73.77
96.90
91.20
74.89
96.03
89.87
82.46
97.34
90.31
85.19
97.61
90.60
86.27
97.38
90.11
90.44
9728
88.53
91.27
97 95
89.68
93.22
10028
91.01
107.89
108.76
109.80
110.71
111.70
112.65
113.81
114.81
115.92
117.03
118.13
119.13
120.19
121.32
122.26
104.81
99.33
107.52
90.89
99.88
102.04
103.68
100.61
101.56
88.55
95.76
81.07
102.17
90.56
97.61
83.19
98.92
90.20
89.03
92.15
98.74
98.60
91.26
107.61
101.83
94.96
95.84
94.38
102.59
95.39
93.49
98.20
102.12
98.17
93.67
104.19
104.97
108.17
90.41
130.84
105.02
91.52
83.11
102.23
105.02
94.22
89.17
100.36
107.23
86.82
71.25
107.12
106.99
106.68
85.90
133.92
111.30
9384
84.23
105.55
112.42
111.38
122.03
120.55
110.11
107.91
105.21
105.87
110.53
112.02
105.07
103.91
105.69
106.20
111.45
112.22
105.40
104.30
106.51
106.49
112,15
112.89
105.64
104.52
106.62
106.75
113.25
113.56
105.84
104.61
107.37
107.33
115.35
114.27
106.37
105.08
107.51
107.38
116.35
115.21
106.29
104.68
109.22
108.99
117.37
116.21
107.99
106.50
109.30
109.19
118.51
117.17
108.08
106.47
110.33
109.70
119.45
118.17
108.53
106.73
111.65
110.32
120.53
119.13
109.09
107.08
112.01
111.01
121.62
120.13
109.74
107.66
112.82
111.78
122.60
120.95
110.50
108.26
113.19
112.41
123.36
122.00
111.08
108.65
113.77
113.12
124.47
122.94
111 76
109.07
114.33
113.87
125.59
123.88
11249
109.65
113.04
117.41
106.90
107.75
108.63
tO9.53
110.48
111.48
112.52
113.55
114.61
115.69
116.83
117.97
119.13
120.31
121.50
12970
110.31
10631
129.43
139.74
117.11
111.88
142.55
124.35
102.17
101.37
105.79
122.40
103.33
101.39
112.32
121.82
106.60
104.27
117.40
122.68
106.02
102.82
121.17
123.65
107.52
103.88
124.79
128.21
108.09
104.41
125.56
128.76
110.21
106.47
127.98
129.42
109.77
105.42
130.72
132.42
113.17
108.93
133.47
136.47
117.67
113.52
137.36
137.55
116.55
111.52
140.85
140.80
117.49
111.95
144.55
14416
116.72
11052
147.45
14908
116.71
10960
152.56
151 91
116.34
10847
156 60
99.35
84 75
106.12
99.90
82.61
107.98
99.66
90.42
103.91
99.69
89,66
104.30
99.74
89.29
104.53
99.55
88 54
104.62
98.54
84.39
105.09
98.32
84.55
104.70
99.93
85.69
106.52
99.70
85.07
106.49
99.45
83.69
106.78
99.60
83.39
107.16
99.85
82.97
107.73
100.16
82 68
108.33
100.00
81 42
108.71
100.29
81 48
109.11
100.60
8127
109.68
99.37
99.40
99.70
99.51
98.48
86.75
91.23
90.65
90.20
89.60
82.20
85.20
67.69
73.78
87.41
78.91
87.71
89.54
72.75
87.12
91.40
88,36
87.36
88.93
71.25
66.26
91.51
87.28
87.39
89.02
64.89
70.14
92.15
86.29
86.19
88.58
78.59
71.34
90.24
85.25
95.00
93.02
97.96
97.53
97.03
96.76
7598
105.23
72.72
98.89
65.05
86.49
62.69
92.30
77.40
100.15
74.88
94.89
78.51
112.24
74.76
99.17
78.17
99.14
75.85
96.50
97.04
96.03
95.94
97.64
97.99
99.69
99.75
98.54
98.03
84.53
9693
92.95
76.41
9598
90.45
86.09
97.40
89.88
92.62
99.21
94.60
106.62
110.24
114.30
118.62
100.57
9142
96.35
86.51
100.63
9284
96.52
89.25
101.32
96.78
93.56
101.09
105.56
95.18
83.49
110.14
27
28
29
30
31
32
104.06
104.94
109.71
110.66
10419
103.26
106.55
106.69
113.05
113.23
10581
104.63
109.09
108.82
117.92
116.69
107.72
106.09
33
105.87
109.10
34
35
36
119 02
100.06
99 06
104 61
12264
105.87
10309
118.92
99.86
92 52
103.23
99.38
87 97
104.63
99.09
99.27
100.35
101.68
92.17
89.14
88.19
8
89.66
91.41
75.84
8218
93.36
90.42
86.08
87.94
69.35
6712
90.57
85.49
84.93
86.52
69.11
7408
88.76
81.87
9
98.59
96.81
10
11
95.00
79 76
95.87
77.98
95.28
75 58
102.66
72.57
14
15
16
17
18
98.24
99.25
19
20
21
93.60
9884
96.78
22
23
24
25
26
2
3
4
5
6
7
12
13
37
38
39
40
SURVEY OF CURRENT BUSINESS
August 1998
•
101
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type—Continued
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1995
1994
IV
1
II
1997
1996
III
IV
1998
II
III
IV
I
II
III
IV
I
II
110.53
110.21
110.86
111.61
112.67
113.01
113.24
113.87
114.17
114.36
I
Chain-type price indexes
Government consumption expenditures and
gross investment1.
Federal...:.:
National defense .
Consumption expenditures
Durable goods 2
Nondurable goods
:
Services
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment
....
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
....
...
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment .
. .
..
:
Structures
Equipment
.
. ..
41
104.85
42
43
108.12
110.80
104.84
108.17
111.35
44
45
46
47
48
103.63
103.22
100.92
9705
103.64
103.44
106.48
106.07
100.87
99.78
106.74
107.23
109.98
109.95
101.43
108.83
110.76
114.17
49
106.00
109.19
110.37
113.20
107.76
108.34
109.38
107.02
107.39
108.07
110.21
111.36
110.76
111.26
112.00
113.32
113.57
113.52
113.91
114.66
114.64
105.42
105.08
100.63
97;37
105.72
106.11
105.97
105.51
101.27
99.73
106.08
106.06
106.69
106.32
100.94
99.99
107.01
107.51
107,83
107.37
100.65
102.03
108.14
109.23
109.59
109.12
102.01
105.44
1Q9.88
113.26
109.52
109.53
101.55
107.12
110.33
113.65
110.04
110.13
101.06
107.93
111.02
114.47
110.79
111.01
101.11
114.82
111.80
115.30
111.87
112.18
101.45
112.20
113.14
117.74
112.01
112.38
101.41
105.60
113.55
117.99
111.90
112.38
101.64
103.41
113.59
117.88
112.23
112.86
101.05
104.81
114.13
118.43
113.04
113.74
101.27
9781
115.30
120.65
113.06
113.82
100.53
9545
115.52
120.76
108.07
109.02
109.39
110.27
109.92
110.44
110.22
110.90
111.39
111.94
111.36
111.36
111.45
111.15
103.51
107.51
117.12
106.46
104.15
108.84
117.54
107.92
104.63
108.96
118.65
107.89
105.04
110.73
119.48
109.81
104.72
112.59
118.94
112.03
105.19
109,38
120.98
108.03
106.28
109.26
122.56
107.67
107.05
109.09
124.29
107.22
107.37
109.62
124.95
107.73
107.92
109.39
125.93
107.31
108.55
108.41
126.85
106.07
109.41
107.72
126.60
105.33
109.72
10804
126.74
105.67
110.45
10758
127.16
105.09
105.75
107.00
113.58
105.53
112.00
112.45
101.39
106.50
113.61
118.01
104.31
103.89
100.25
99.92
104.36
103.96
111.51
106.96
50
51
52
53
102.41
10621
115.30
105.23
104.33
10901
118.20
108.02
105.81
110.08
121.69
108.74
108.31
108.78
126.09
106.61
103.27
106.95
116.69
105.88
54
55
56
57
58
107.70
108.58
112.13
113,47
114.57
116.47
117.27
119.76
108.42
109.33
110.78
111.96
110.74
111.84
111.33
112.53
115.67
117.54
115.46
117.37
113.73
115.48
114.19
116.07
114.92
116.95
116.72
119.11
117.21
119.68
117.32
119.84
117.83
120.42
118.46
121.20
11836
121.16
59
60
61
109.25
108 68
113.60
111.66
113.71
121.08
112.67
117.06
126.58
112.06
120.57
131.80
110.41
109.43
114.43
110.62
112.12
118.73
111.51
111.98
117.72
111.84
112.74
118.82
112.67
118.00
129.06
113.09
117.92
128.91
113.48
116.00
124.68
113.10
116.66
125.63
111.00
117.68
127.12
110.91
119.92
131.25
112.47
120.47
131.59
112.55
120.63
131.65
112.30
121 24
132.70
111.36
12214
134.30
110.88
12213
134.11
62
102.99
104.43
104.30
104.37
103.43
103.84
104.30
104:61
104.96
104.71
104.23
104.09
104.17
104.25
104.49
104.13
104.62
104.48
104.32
63
64
65
66
102.79
10217
105.43
98.75
105.28
103.56
109.71
97.04
106.59
102.45
113.01
91.73
108.69
101.35
116.95
86.56
103.50
102.71
106.98
98.17
104.45
103.26
108.13
98.07
105.34
103.66
109.21
97.73
105.74
103.64
110.28
96.63
105.58
103.67
111.24
95.73
105.63
103.23
112.11
94.01
106.39
102.53
112.57
92.17
106.87
102.14
113.29
90.89
107.48
101.91
114.08
89.85
107.82
101.49
115.10
88.28
108.69
101.45
116.40
87.16
109.08
101.18
117.46
85.82
109.16
101.29
118.82
84.99
109.44
10098
120.10
83.67
109.66
10047
120.51
82.54
67
68
69
70
71
72
104.85
104.80
102.27
100.62
105.36
106.59
108.09
107.96
105.77
105.48
108.30
109.65
110.48
110.33
106.40
109.37
110.53
112.05
112.96
112.86
106.77
108.52
113.53
114.99
105.89
105.79
103.18
101.53
106.36
107.65
106.98
106.84
104.38
103.97
107.23
108.62
107.98
107.90
105.38
106.72
108.09
109.41
108.50
108.38
106.45
106.00
108.71
110.02
108.89
108.70
106.87
105.22
109.16
110.55
110.05
109,95
106.64
107.64
110.29
111.89
109.89
109.69
106.19
109.89
109.73
111.14
110.61
110.43
106.33
108.97
110.69
112.19
111.37
111.26
106.44
110.98
111.39
112.99
112.28
112.22
106.39
110.70
112.53
114.02
112.68
112.54
106.49
108.18
113.21
114.66
113.07
112.98
106.91
107.49
113.80
115.30
113.83
113.71
107.29
107.73
114.60
115.97
113.89
113.76
107.40
104.14
11510
116.68
11418
114.13
107.47
103.79
11558
117.36
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
:
Compensation of general government
employees, except force-account
construction3.
Consumption of general government fixed
capital 4 .
Other services .
Gross investment
Structures
Equipment
73
103.92
106.92
108.86
110.45
104.94
106.05
106.67
107.16
107.79
108.44
108.59
109.07
109.33
109.80
110.34
110.47
111.19
111.13
111.05
74
75
76
77
87.68
105.06
10584
101,71
88.64
108.70
11046
101.31
88.84
111.18
113.90
100.17
94.83
113.46
117.75
96.79
87.64
106.38
107.57
101.27
86.71
107.66
109.12
101.45
88.98
108.37
110.00
101.46
89.93
109.03
110.93
101.11
88.92
109.74
111.80
101.21
87.83
110.52
112.84
101.01
88.96
110.80
113.32
100.49
89.24
111.48
114.34
99.94
89.31
111.93
115.11
99.25
92.88
112.61
116.30
98.08
94.30
113.35
117.47
97.29
94.78
113.53
117.99
96.23
97.37
114.37
11927
95.57
9611
114.51
11982
, 94.35
94 82
114.44
12006
93.28
Addenda:
Compensation of general government employees3
Federal
State and local
78
79
80
106.65
106.78
106.59
110.28
111.81
109.66
113.78
118.25
112.06
117.09
122.57
115.00
107.59
107.41
107:66
109.11
110.28
108.63
109.58
109.90
109.42
110.38
111.23
110.03
112.04
115.85
110.56
113.72
118.45
111.90
112.85
117.26
111.15
113.85
118.12
112.20
114.72
119.18
113.00
116.28
122.20
114.03
116.82
122.48
114.67
117.28
122.43
115.31
117.97
123.15
115.99
119.00
125.15
116.69
119.51
12515
117.37
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new force-account construction and related expenditures
for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.
102 • August 1998
SURVEY OF CURRENT BUSINESS
Table 7.12.—Chain-Type Quantity and Price indexes for National Defense Consumption Expenditures and Gross Investment by Type
[Index numbers, 1992=100]
Line
1994
1995
1996
1997
Line
Chain-type quantity indexes
86.08
84.93
82.20
Consumption expenditures
91.41
87.94
86.52
85.20
Durable goods 2
Aircraft
Missiles".!!...!'.!'....."!....!!!
Ships
Vehicles
Electronics
Other durable goods
75.84
69.35
67.69
65.91
75.39
73.79
63.50
94.22
97.72
61.75
68.04
54.88
70.60
76.66
94.50
69.11
62.15
67.04
39.09
57.10
80.28
101.25
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
82.18
96.76
65.14
81.39
67.12
88.38
42.12
66.77
Services
-.
Compensation of general government employees, except forceaccount construction3.
Military
Civilian
:
Consumption of general government fixed capital 4
Other services
Research and development
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
93.36
90.42
90.29
90.70
98.59
95.00
95.41
107.53
90.68
106.90
63.35
78.33
!!
1997
National defense consumption expenditures and gross
investment1.
37
109.98
112.00
Consumption expenditures
103.22
67.01
56.28
32.20
61.19
83.94
87.51
100.92
101.90
96.21
101.53
103.04
100.41
102.31
89.08
47.88
80.77
73.78
80.71
55.02
83.15
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
90.57
85.49
88.76
81.87
87.41
78.91
103.64
103.44
85.60
85.36
96.81
95.28
88.21
106.25
81.17
110.62
71.84
72.91
64.20
82.46
80.94
95.00
96.76
100.40
107.13
59.39
108.49
83.09
70.56
71.85
80.25
76.74
93.02
98.89
109.45
102.42
63,89
111.65
75.29
62.69
47.19
Services
Compensation of general government employees, except forceaccount construction3.
Military
Civilian
Consumption of general government fixed capital 4
Other services
,
Research and development
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
,
106.07 109.95
100.87 101.43
102.60 103.76
92.53 92.22
103.45 103.82
103.39 106.62
98.61 96.07
103.98 105.35
99.78 108.83
89.63 109.33
109.41 107.89
104.96 105.37
106.74 110.76
107.23 114.17
112.45
Durable goods 2
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
99.67
110.41
106.00
102.41
100.58
104.39
104.94
100.71
100.80
103.94
101.30
102.18
116.58
109.19
104.33
99.16
107.95
106.42
105.20
100.70
107.70
103.45
109.61
122.61
110.37
105.81
98.83
109.38
110.13
110.64
99.81
105.02
110.82
112.48
128.31
111.51
108.31
101.33
110.44
113.55
114.91
102.38
107.56
114.72
75.58
75.98
65.05
110.08
108.78
118.20
121.69
126.09
72.57
83.34
45.08
71.07
36.89
94.14
88.43
72.72
79.80
43.60
60.16
37.29
105.35
97.73
56.37
29.60
53.27
46.91
117.59
88.70
106.21
115.30
105.23
116.80
100.36
104.66
108.47
94.72
102.89
109.01
105.23
77.98
103.26
53.75
76.31
33.72
101.33
83.16
36
106.48
95.87 102.66
Structures
103.63
79.76
!!!!...!!!.!!
Gross investment
108.02
124.82
98.56
111.65
107.63
88.69
104.86
108.74
132.63
94.92
111.71
110.15
79.67
106.54
106.61
122.21
96.63
113.69
111.12
72.42
106.81
90.42
85.49
81.87
78.91
103.44
107.23
114.17
118,01
74.08
other
Gross investment
97.05
89.99
105.01
99.24
,
!!!....!.!!...!!!!
,
Structures
62.69
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries.
3. Compensation of government employees engaged in new force-account construction and related expenditures
1996
169.57
!!!!!..!!!!!!
Equipment
Aircraft
Missiles
Ships
Vehicles
!
!
Electronics
Other equipment
Addendum:
Compensation of general government employees3
1995
Chain-type price indexes
89.66
National defense consumption expenditures and gross
investment'.
other
1994
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
Addendum:
Compensation of general government employees 3
67
72
101.39
102.66
95.10
103.56
115.13
93.44
105.64
106.50
104.17
107.29
105.33
113.61
118.01
for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on th
tn
these assets.
t
August 1998 •
SURVEY OF CURRENT BUSINESS
103
Table 7.13.—Chain-Type Quantity and Price Indexes for Gross Government Fixed Investment by Type
[Index numbers, 1992=100]
Line
1994
1995
1996
1997
Line
Chain-type quantity indexes
.
;
;
93.75
96.43
99.74 101.05
2
3
4
82.91
79.76
91.42
80.19
75.58
92.84
81.51
75.98
96.78
72.96
65.05
95.18
5
.
State and local
New
Buildings
Residential
Industrial
Educational
Hospital
...
Other4
Highways and streets
Conservation and development
Sewer systems
.
Water systems
Other5
Net purchases of used structures
Equipment
federal
National defense
Aircraft
Missiles
..
Ships
Vehicles
Electronics
Other equipment
Nondefense
State and local
Government enterprise aross fixed investment
Federal
Structures
Equipment
State and local
Structures
Equipment
100.06 105.87
110.31 117.11
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State and local
Structures2
Federal
National defense
New
.
.
Buildings .
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense
New
Buildings
.
.
Residential
Industrial
Educational
Hospital
Other4
. . .
Highways and streets
Conservation and development
5
Other ....
Net purchases of used structures
98.71
96.35
95.87
95.85
91.35
111.35
66.91
98.55
102.55
98.88
102.66
102.63
86.19
105.77
62.25
112.39
105.23 108.41
97.88 84.71
105.23 86.49
105.21 86.48
83.21 75.09
103.60 102.70
58.22 41.04
118.27 93.24
96.35
97.80
77.60
96.52
98.88
88.63
93.56
92.91
89.02
8280
84.52
70 07
44.73
109.55 122.40 142.01
70.47 83.64 84.98
188.13 180.82 147.03
91.51 84.62 71.50
185.10 178.79 179.97
177.95
86.92
147.03
59.54
153.11
83.49
85.30
90.14
105.02 107.39 107.76 106.52
106.21 109.01 110.08 108.78
102.17 103.56 102.45 101.35
State and local
63
105.06
108.70 111.18 113.46
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
106.18
108.56
115.30
115.29
108.27
111.40
103.57
119.73
109.03
105.43
105.41
106.18
110.71
112.36
118.20
118.19
112.65
115.91
107.77
121.84
109.18
109.71
109.53
110.28
114.14
115.72
121.69
121.68
115.83
118.84
111.50
125.50
109.24
113.01
112.70
113.12
118.02
11980
126.09
126.07
119.48
122.22
11590
130.30
111.21
116.95
116.62
116.99
103.54
107.40
104.76
107.35
103.72
105.08
104.41
107.68
111.57
108.73
111.46
109.40
108.81
109.02
11147
114.30
111.64
114.05
114.13
111.77
112.92
11578
11757
115.61
11781
118.41
115.53
117.07
105.84
105.76
106.74
109.90
110.46 11390
110.40 113.86
111.05 11383
114.38 116.56
11775
117.72
11758
119.95
90
91
92
93
94
95
96
97
98
107.30
104.73
105.89
103.73
104.95
109.81
109.87
103.20
108.55
111.57
108.79
110.26
109.41
108.49
112.74
112.74
107.77
112.94
114.15
111.69
113.31
114.08
111.66
115.10
115.15
111 53
115.26
117.74
11553
117.25
118.44
115.33
117.77
117.76
11585
118.78
99
100
101
102
103
104
105
106
107
108
109
103.29
104.03
105.23
116.80
100.36
104.66
108.47
94.72
102.89
98.75
101.71
104.37
105.94
108.02
124.82
9856
111.65
107 63
88.69
104.86
97.04
101.31
103.57
105.35
10874
132.63
94 92
111.71
11015
79.67
106.54
91.73
100.17
100.44
102.45
10661
122.21
9663
113.69
11112
72.42
106.81
8656
96.79
110
111
112
113
114
115
116
105.61 109.02
101 51 10323
105.60 109.27
97.41 96.12
10622 10984
106.47 110.44
104.63 106.07
111.64
10278
112.13
91.77
11279
113.64
107.53
114.18
10060
11583
84.59
11583
117.24
107.09
Structures2
Federal
National defense
New
Buildings
Residential
Industnal
Military facilities3
Net purchases of used structures
Nondefense ..
New
Buildings
Residential
Industrial
Educational
Hospital
Other4
Highways and streets
Conservation and development
Other 5 ..
Net purchases of used structures
103.09
103.59
103.73
82.30
106.31 111.88
106.67 112.28
106.78 113.99
81.13 83.89
32
33
34
35
36
37
38
39
40
87.77
118.22
105.89
110.41
102.50
81.86
87.31
10633
79.27
96.52
116.08
115.28
108.06
122.52
88.68
92.64
104.88
86.65
97.78
121.10
121.15
110.93
135.04
92.94
107.20
97.80
94.35
41
42
43
44
45
46
47
48
49
50
51
86.48 87.42 91.71 89.96
79.44 75.33 77.28 70.01
77.98 72.57 72.72 62.69
103.26 83.34 79.80 56.37
53.75 45.08 43.60 29.60
76.31 71.07 60.16 53.27
3372 36.89 37.29 46.91
101.33 94.14 105.35 117.59
83.16 88.43 97.73 88.70
86.51 89.25 101.09 110.14
104.61 118.92 129.43 142.55
Equipment
Federal
National defense
Aircraft
Missiles
Ships
Vehicles
Electronics .
Other equipment
Nondefense ...
State and local
52
53
54
55
56
57
58
91.36 93.03 93.86 97.43
7004 61 74 6627
6813
83.57 84.30 62.34 60.28
51.56 54.78 62.18 75.11
96 64 9884 10228
9501
93.24 94.81 97.46 100.43
107.49 109.56 108.48 115.43
Addenda:
Government enterprise gross fixed investment
Federal
Structures
....
Equipment
State and local .. ..
Structures
Equipment
106.38
121.29
128.76
117.15
130.24
90.02
112.30
104.78
98.59
108.28 110.13 11t4!
105.05
60
61
62
9906
99.67
9545
74.15
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures includes compensation of government employees engaged in new force-account construction and
related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
1997
59
Gross aovernment fixed investment'
State and local..
New
Buildings ...
Residential
85
86
87
88
InHnctrial
. . .
1996
Federal
National defense
Nondefense ..
27
28
29
30
...
1995
Chain-type price indexes
1
Gross Government fixed Investment'
Federal
.
National defense
Nondefense
1994
OQ
Educational
Hospital ,
Other4 ..,
Highways and streets
Conservation and development
Sewer systems
Water systems
Other5
Net purchases of used structures
. . .
4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and
passenger terminals.
5. Consists primarily of electric and gas facilities, transit systems, and airfields.
104
SURVEY OF CURRENT BUSINESS
• August 1998
Table 7.14.—-Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
I
II
1997
1996
1995
III
IV
II
I
III
IV
1998
I
II
III
IV
I
II
Chain-type quantity indexes
1
105.87
108.28
112.02
116.42
107.11
107.58
107.68
108.57
109.31
110.21
111.84
112.42
113.59
114.77
115.89
117.08
117.94
119.54
119.96
2
106.68
109.51
113.87
118.91
108.14
108.66
108.75
109.82
110.82
111.90
113.60
114.29
115.69
117.04
118.30
119.65
120.66
122.53
122.97
3
Gross domestic product
Business'
109.82
110.24
106.31
89.40
114.12
114.81
108.38
97.50
119.02
119.95
111.29
112.04
108.25
108.65
104.90
101.67
108.89
109.25
105.86
93.82
10902 110.21
109.35 110.74
10628 10576
91.10 84.22
111.16
111.61
107.32
88.44
112.16
112.77
107.05
94.57
113.85
114.59
107.77
97.02
114.54
115.23
108.88
97.48
115.92
116.65
109.83
100.92
117.16
117.95
110.64
109.07
118.39
119.26
111.20
112.60
119.70
120.70
111.50
116.25
120.81
121.90
111.81
110.25
122.66
124.02
111.60
113.12
12314
124.43
11259
11065
Nonfarm'
Nonfarm less housing
Housing
Farm
4
5
6
106.70
107.08
103.59
105.49
Households and institutions
7
106.75
109.23
111.72
115.20
107.86
108.48
108.98
109.44
110.01
110.56
111.38
112.07
112.88
113.77
114.74
115.79
116.49
117.06
117.51
8
9
102 92
106.89
106.98
109.31
104.40
112.00
101.12
115.74
104.32
108.00
105.71
108.58
107.20
109.05
107.81
109.50
107.20
110.12
105.64
110.75
105.25
111.61
103.80
112.38
102.92
113.26
102.63
114.19
101.81
115.23
100.63
116.38
99.38
117.15
97.46
117.82
98.17
118.26
10
100.21
99.90
100.02
100.66
100.07
100.12
100.19
100.06
99.22
99.07
100.50
100.35
100.16
100.34
100.60
100.91
100.81
101.10
101.40
11
12
94.18
103.47
90.44
105.04
87.71
106.75
85.80
108.83
92.48
104.18
91.85
104.61
91.49
104.90
90.86
105.06
87.56
105.58
87.64
105.31
88.48
107.06
87.93
107.13
86.80
107.48
86.51
107.93
86.11
108.55
85.82
109.20
84.75
109.64
84.71
110.12
84.46
110.74
13
105.09
107.51
109.54
111.57
106.07
106.74
107.26
107.76
108.30
108.90
109.28
109.77
110.21
110.97
111.45
111.77
112.09
112.33
112.57
14
104.90
107.10
108.98
110.89
105.86
106.40
106.90
107.36
107.76
108.26
108.79
109.24
109.62
110.30
110.78
111.11
111.38
111.52
111.66
15
16
17
18
105.00
104.92
105.65
98.24
107.20
106.99
109.03
100.35
108.89
108.48
112.46
116.63
111.06
110.54
115.66
99.93
106.03
105.94
106.77
94.23
106.56
106.44
107.65
94.60
107.06
106.89
108.55
95.16
107.43
107.20
109.43
102.29
107.74
107.43
110.48
109.37
108.20
107.85
111.32
113.38
108.65
108.26
112.05
119.75
109.07
108.64
112.85
122.25
109.62
109.16
113.63
111.14
110.41
109.95
114.49
103.59
110.91
110.42
115.26
102.08
111.32
110.78
116.07
97.13
111.60
111.01
116.81
96.93
111.83
111.16
117.76
91.17
111.94
111 17
118.81
93.22
Private households
Nonprofit institutions
General government2
Federal
State and local
Chain-type price indexes
Gross domestic product
Business1
Nonfarm'
Nonfarm less housing
Housing
Farm
19
104.98
108.71
110.67
112.42
106.49
107.48
108.49
109.09
109.77
110.06
110.36
110.80
111.43
111.93
112.37
112.50
112.88
113.59
115.25
Private households
Nonprofit institutions
20
21
106.30
104.94
109.55
108.68
113.41
110.57
117.56
112.24
107.45
106.45
108.53
107.45
108.97
108.47
109.68
109.07
110.99
109.72
111.84
110.00
112.42
110.29
114.15
110.68
115.28
111.29
115.74
111.80
116.77
112.22
118.17
112.30
119.63
112.64
120.13
113.36
121.12
115.04
2
22
106.39
109.92
113.12
116.12
107.34
108.79
109.30
110.04
111.56
113.01
112.31
113.18
113.98
115.38
115.92
116.28
116.92
117.80
118.21
23
106.49
106.35
110.99
109.41
116.04
111.76
119.48
114.57
107.18
107.41
109.59
108.39
109.52
109.17
110.61
109.76
114.26
110.30
116.11
111.58
115.31
110.91
115.90
111.91
116.83
112.65
119.18
113.63
119.51
114.26
119.33
114.85
119.89
115.53
121.38
116.16
12131
116,76
Households and institutions
General government
Federal
State and local
:
24
1. Gross domestic business product equals gross domestic product less gross product of households and institu-
product,
tions and of general government. Gross nonfarm product equals gross domestic business product less gross farm
2. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 7.15.—Current-Dollar Cost and Profit Per Unit of Real Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1.041
I
1.044
II
III
1
1.034
Consumption of fixed capital
2
.101
.100
.100
.100
.098
.099
.100
.100
Net domestic product
3
.934
.946
.956
.963
.943
.945
.945
.948
Current-dollar cost and profit per unit of
real gross 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
1.047
1.056
1.063
1.048
IV
1.049
I
II
III
1.057
IV
1.058
I
1.062
1.054
1,055
.101
.101
.100
.100
.100
.100
.948
.953
.955
.957
.958
.962
II
1998
III
IV
I
1.063
1.063
.100
.100
.100
.099
.963
.963
.963
.962
1.063
1.061
4
.108
.106
.105
.105
.108
.108
.107
.105
.105
.106
.105
.105
.105
.105
.106
.105
.105
.105
5
6
7
.825
.677
.122
.840
682
!13O
.850
.685
.140
.857
.691
.143
.835
.678
.129
.837
.684
.125
.838
.685
.126
.843
.680
.135
.843
.681
.135
.847
.681
.139
.850
.684
.140
.852
.686
.141
.853
.687
.141
.857
.690
.142
.857
.691
.143
.858
.688
.147
.858
.695
.141
.858
.697
.139
8
9
036
.086
.037
.094
.039
.101
041
.102
.038
.090
.037
.088
.036
.090
.037
.098
.037
.098
.038
.101
.039
.101
.039
.102
.039
.102
.041
.101
.040
.102
042
.104
.040
.101
037
.102
10
.027
.028
.026
.023
.028
.028
.028
.028
.028
.027
.026
.026
.025
.025
.024
.023
.022
.022
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
1.046
1997
1996
1995
II
SURVEY OF CURRENT BUSINESS
August 1998
•
105
Table 7.16.—Implicit Price Deflators for Inventories of Business by Industry Group
[Index numbers, 1992=100]
Seasonally adjusted at annual rates
Line
1994
1995
1997
1996
1998
IV
Inventories'
1
. . ..
Farm
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
103.81
105.59
106.14
106.10
106.56
106.64
107.19
107.17
107.03
106.63
106.02
106.27
105.55
104.86
104.39
2
96.58
96.97
100.17
99.22
104.79
104.57
99.24
103.15
102.21
101.73
99.58
99.90
97.54
106.36
107.05
105.50
107.09
107.38
106.75
107.00
107.07
106.95
107.20
106.77
107.83
107.37
106.44
108.66
107.46
106.45
108.85
107.45
106.48
108.79
107.81
106.53
109.55
107.01
106.61
107.56
106.43
106.20
106.75
106.74
105.99
107.78
106.16
105.74
106.74
105.37
105.45
105.29
105.07
105.06
105.10
105.44
104.70
106.69
107.81
106.39
110.22
108.40
106.59
111.46
108.24
106.10
111.88
107 85
105.56
111.74
10761
105.10
111.88
107 31
104.83
111.51
107.30
104.60
11.1.90
107.70
105.06
112.17
106.94
104.97
110.28
106.37
104.57
109.40
106.46
104.43
109.89
106.15
104.38
109.13
10528
103.93
107.53
104 44
103.44
106.10
104.41
104.26
104.65
'106,13
105.22
107.58
106.90
105.50
109.15
106.97
105.00
110.19
107.25
104 57
111.75
107.48
104 20
113.04
107.76
104 02
114.10
107.20
104.14
112.40
106.59
103.85
111.20
106.28
103.93
110.18
105.49
103.68
108.41
106.02
103.48
110.25
105.29
103.07
108.97
104.23
10268
106.70
103.96
102 28
106.70
12
....
97.85
104.65
105.79
103.20
9
10
11
. .
.
95.45
3
4
8
,
Nonfarm
Durable goods
Nondurable cioods
104.69
104.46
105.07
102.71
102.93
102.47
106.49
105.45
108.19
103 92
103.69
104.32
107.32
105.74
109.92
104.35
103.93
104.99
107.46
105.23
111.20
103 98
103.50
104.72
107.72
104 79
112.73
104 44
10310
106.44
107.85
10443
113.78
10526
102.68
109.11
108.24
104.26
115.17
104 84
102.47
108.36
107.37
104.38
112.54
106.19
102.55
111.66
106.59
104.10
110.84
10661
102.24
113.17
106.50
104.18
110.42
104.94
102.26
108.92
105.74
103.94
108.69
103.99
101.97
106.93
106.24
103.74
110.49
104.68
101.77
109.03
105.65
103.33
109.57
10315
101.37
105.72
104.74
10294
107.74
10112
101.00
101.08
104.47
102 54
107.71
10091
10057
101.22
103.88
108.01
110.82
105.19
99.61
104 66
108.78
111.95
105.61
100.37
105.33
109.37
112.54
106.19
101.13
105.51
109.48
112.63
106.34
101.38
106 03
109.95
113.40
106.50
101.95
10614
109.79
113.23
106.38
102.35
10656
110.12
113.37
106.88
102.87
106.85
110.28
113.36
107.20
103.31
10697
110.05
112.87
107.23
103.81
106.88
110.16
112.71
107.61
103.50
106.34
109.36
111.20
107.50
103.25
106.49
109.15
111.11
107.18
103.79
106 08
108.80
110.44
10716
103.32
10587
108.79
110.42
10714
102.88 .
10623
108 62
110.43
10680
103.83
104.41
111.81
100.74
106.18
113.45
102.56
107.42
113.80
104.25
106.46
113.95
102.74
107.79
112 75
105.32
109.43
11285
107.70
109.58
114.35
107.16
110.15
115.20
107.57
113.35
115.20
112.43
109.38
116.30
105.86
109.19
116.50
105.50
110.15
115.75
107.30
108.48
115 40
105.00
107.33
11555
103.23
107.17
11520
103.16
5
6
Manufacturing
Durable goods
Nondurable goods
Wholesale
Durable goods
Nondurable goods
I
'.
7
'.
....
.
'.
Merchant wholesalers
Durable goods
Nondurable goods .
Nonmerchant wholesalers
Durable goods
.
Nondurable goods
.
13
14
15
16
17
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
'
..
18
19
20
21
;
22
23
24
Other
Durable goods
Nondurable goods
25
1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown
in tables 5.12 and 5.13.
Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product
[Index numbers, 1992=100]
Seasonally adjusted
1994
Line
1995
1996
1997
1995
1994
IV
I
II ,:
1997
1996
1998
III
IV
I
II
III
IV
I
II
III
IV
I
II
Gross domestic product
1
105.87
108.28
112.02
116.42
107.11
107.58
107.68
108.57
109.31
110.21
111.84
112.42
113.59
114.77
115.89
117.08
117.94
119.54
119.96
Final sales of domestic product
Chanos in business inventories
2
3
105.03
107.92
111.61
115.49
106.21
106.80
107.42
108.41
109.07
110.04
111.50
111.75
113.15
113.96
114.72
116.33
116.95
118,20
119.32
4
108.32
111.63
116.71
123.56
110.43
111.19
110.36
111.68
113.30
114.33
116.32
117.54
118.63
121.14
122.90
124.52
125.68
129.29
127.76
5
6
106.05
110.68
115.63
120.99
107.97
109.09
109.66
111.27
112.69
113.92
115.42
115.71
117.47
118.90
119.65
122.47
122.94
125.51
126.04
114.10
10939
122.19
11756
130.65
12709
142.91
137.89
116.65
111.75
120.37
114.24
119.83
115.71
123.09
119.20
125.48
121.11
126.42
123.55
130.19
126.89
133.60
127.75
132.37
130.19
137.20
132.43
142.35
135.75
145.00
141.40
147.10
141 97
153.95
14705
149.85
14713
104.31
10367
104.38
105 84
107.19
107.67
110.51
109.42
106.11
105.29
104.86
105.45
103.82
105.39
103.86
105.72
104.97
106.80
106.05
107.21
106.84
107.45
106.64
107.36
109.23
108.66
110.22
109.56
109.79
108.60
110.74
109.57
111.30
109.97
112.85
11092
112.94
111 72
Goods
Final sales
Change in business inventories
Durable goods
Final sales
Change in business inventories
Nondurable goods
,
Final sales
Change in business inventories
;
;
7
8
9
10
11
:
12
Services
13
103.86
106.00
108.52
111.36
104.59
104.96
105.89
106.50
106.64
107.30
108.42
108.65
109.71
110.00
110.96
111.88
112.61
113.01
114.51
Structures
14
108.32
108.78
114.88
119.55
109.32
109.06
107.79
108.60
109.66
111.56
115.12
115.28
117.54
119.12
118.65
119.96
120.47
122.03
122.98
Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output
15
11982
105.39
120 49
107.87
120 00
111.74
127.05
116.06
120.85
106.64
123.36
107.03
119.03
107.29
116.16
108.31
12342
108.82
112.24
110.15
12521
111.38
122.72
112.07
119.84
113.38
123.62
114.47
121.62
115.69
129.15
116.67
13381
117.40
13082
119.15
12581
119.76
16
106
SURVEY OF CURRENT BUSINESS
• August 1998
Table 7.18.—Chain-Type Quantity Indexes for Auto Output
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1997
1996
1995
1994
IV
Auto output
I
II
1997
1996
1995
III
IV
II
I
III
I
IV
1998
II
III
I
IV
II
1
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
Gross government investment
108.88
104.91
98.56
98.92
106.12
110.61
102.33
99.84
106.86
89.22
106.05
104.68
94.30
98.27
95.56
101.19
100.64
95.91
87.90
2
.
107.96
105.25
105 00
105.81
135.58
12347
105.71
102.29
104.00
97 63
116.91
121.04
12000
116.96
101.86
103.35
95.26
119.60
126.65
125.81
122.93
98.12
105.24
95.62
124.47
125.33
127.54
128.69
102.08
103.90
103.24
105.24
138.51
126.73
109.35
98.13
101.88
96.12
113.51
124.40
121.10
115.10
99.16
103.65
96.99
117.14
119.00
117.00
112.82
106.38
106.15
96.86
124.77
121.11
122.38
122.26
105.49
104.33
100.56
112.21
119.66
119.53
117.68
103.07
102.93
97.56
113.89
123.99
121.32
116.20
104.54
106.43
96.88
125.52
128.77
128.59
126.50
100.62
102.55
92.61
122.39
130.36
131.21
130.47
99.19
101.49
93.98
116.59
123.48
122.12
118.56
100.23
106.93
97.26
126.27
131.66
132.60
131.94
95.09
102.08
90.28
125.55
124.94
127.34
128.68
100.34
107.51
98.73
125.06
126.62
128.25
128.55
96.83
104.46
96.21
120.99
118.10
121.98
125.58
95.55
106.90
97.93
124.86
123.92
126.51
128.18
97.29
108.07
10390
116.56
127.52
13058
132.85
112.84
121.99
100.29
112.40
123.74
109.31
112.16
126.62
103.21
110.27
139.33
89.31
106.95
133.96
95.22
119.47
132.74
92.62
108.47
128.76
116.64
110.62
117.90
102.55
111.06
115.53
125.41
116.48
122.15
112.26
104.50
126.32
90.66
115.33
130.78
92.09
112.33
127.24
117.85
106.98
141.73
91.93
114.88
139.77
80.80
109.64
140.27
92.71
109.57
135.54
91.78
109.74
148.67
79.51
100.26
147.62
95.22
11932
104.18
11368
100.75
110.84
98.05
110.36
106.63
118.40
105.49
124.26
100.14
109.69
99.68
109.23
100.09
111.53
103.07
102.83
97.37
116.60
97.81
118.51
98.10
105.44
98.92
109.59
107.84
108.04
103.37
113.34
108.62
110.46
106.69
10539
115.47
9714
121.64
3
4
5
6
7
8
g
10
11
12
Change in business inventories of new and used
autos.
New
Used
14
15
Addenda:
Domestic output of new autos'
Sales of imported new autos 2
17
13
16
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 gross government invest-
ment.
Table 7.19.—Chain-Type Quantity Indexes for Truck Output
[Index numbers, 1992=100]
Seasonally adjusted
Line
1994
1997
1996
1995
1994
1997
1996
1995
1998
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1
135.54
142.83
150.72
167.41
141.99
141.67
142.96
139.55
147.15
145.22
152.66
148.54
156.46
159.98
158.99
169.26
181.39
180.93
180.27
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
2
3
4
5
6
134.29
122.49
149.75
142.04
121.24
168.63
153.94
127.21
187.13
166.62
130.57
209.96
141.87
128.54
161.47
141.99
123.15
168.41
139.28
120.18
164.44
140.45
118.50
168.34
146.43
123.12
173.35
152.84
130.42
176.90
149.49
125.86
180.74
151.87
124.41
190.24
161.55
128.13
200.63
158.74
125.97
201.72
159.20
122.66
203.84
171.77
134.74
213.92
176.79
138.92
220.36
180.63
140.51
229.67
196.05
154.83
244.78
118.31
105 04
100.41
134.54
11037
100.76
156.23
11646
102.20
184.82
134.35
122.69
126.57
112.90
96.59
137.74
114.96
92.89
128.96
109.74
99.36
140.39
107.91
93.16
131.07
108.89
117.63
141.45
108.65
119.34
155.05
120.51
96.92
158.90
123.59
88.70
169.55
113.06
103.84
169.67
134.59
112.20
170.05
131.35
124.99
192.25
140.97
141.46
207.30
130.51
112.14
203.99
13289
106.46
186.19
13045
129.07
Chanae in business inventories
9
Truck output'
7
8
1. Includes new trucks only.
Table 7.20.—Chain-Type Quantity Indexes for Gross and Net Investment by Major Type
[Index numbers, 1992=100]
1994
1995
1996
1997
Gross private domestic investment
Less: Consumption of fixed capital
Equals: Net private domestic investment
123.44
105.09
175.81
126.02
105.99
183.20
137.15
109.75
215.35
152.62
114.84
260.47
Fixed investment
Less: Consumption of fixed capital
Equals: Net fixed investment
116.86
105.09
151.65
123.30
134.10
109.75
206.06
145.25
114.84
235.13
116.22
105.46
175.12
127.38
108.46
231.00
139.21
112.94
283.02
154.04
118.72
347.45
Structures
Less: Consumption of fixed capital
Equals: Net structures
101.94
103.90
97.17
106.78
102.38
117.46
112.16
103.16
134.01
120.09
104.68
157.54
Producers' durable equipment
Less: Consumption of fixed capital
Equals: Net producers' durable equipment
122.66
106.00
281.85
136.80
110.64
386.72
151.75
116.51
488.48
170.04
123.95
610.44
118.39
103.45
133.56
113.85
96.06
131.90
122.32
125.36
99.50
151.63
Line
Nonresidential
Less: Consumption of fixed capital
Equals: Net nonresidential
Residential
Less: Consumption of fixed capital
Equals: Net residential
105.99
174.46
97.05
147.97
Change in business inventories
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.
Line
1994
1995
Gross government investment' ....
Less: Consumption of fixed capital ...
Equals: Net government investment .
Federal
National defense
Nondefense
State and local
93.75
103.62
78.91
-18.94
-463.61
71.79
96.43
104.41
83.81
-30.11
-524.24
70.85
101.74
Structures
Less: Consumption of fixed capital
Equals: Net structures
Federal
National defense .
Nondefense
State and local
98.71
104.70
94.22
80.86
106.34
89.59
94.86
Equipment
Less: Consumption of fixed capital
"
lent
86.48
102.80
94.42
,
-6.82
-59.62
National defense .
Nondefense
State and local
-182.69
50.00
88.21
ai
102.55
106.04
99.73
92.30
83.98
88.10
100.08
87.42
103.15
^.80
-80.33
-225.62
49.91
127.38
1996
1997
99.74
105.76
90.20
101.05
107.24
91.25
-16.00
-460.64
74.83
106.83
-69.79
-729.93
105.23
108.19
102.85
84.80
74.72
79.54
103.72
108.41
91.71
103.86
20.45
-56.97
-198.22
71.71
155.04
65.80
116.08
110.36
106.85
19.07
125.07
56.87
111.17
89.96
104.77
3.15
-104.90
-307.49
84.61
192.11
August 1998 •
SURVEY OF CURRENT BUSINESS
1OJ
8. Supplementary Tables.
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1994
Line
1995
1996
1997
1994
I
IV
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1995
II
1997
1996
III
IV
I
II
IV
III
I
II
1998
III
IV
1
II
1
2
3
4
5.9
3.5
2.4
2.4
4.6
2.3
2.3
2.3
5.4
3.4
1.9
1.9
5.9
3.9
1.9
1.9
6.4
3.6
2.6
2.7
4.3
1.7
2.5
2.5
23
A
2.0
1.8
5.3
3.3
1.9
1.9
4.9
2.8
2.0
2.0
5.7
3.3
2.2
2.3
7.3
6.1
1.4
1.2
3.9
2.1
1.8
1.8
6.1
4.2
1.6
1.8
7.2
4.2
2.8
2.8
5.6
4.0
1.7
1.6
5.4
4.2
1.2
1.2
4.2
3.0
1.1
1.2
6.4
5.5
c
2.3
1.4
.8
.9
5
6
7
8
5.8
3.3
2.4
2.4
5.0
2.7
23
2.3
53
3^2
2.0
2.0
5.3
3.4
1.9
1.9
6.0
3.2
2.7
2.7
3.6
1.9
1.7
1.6
5.8
3.4
2.4
2.3
4e
4.0
2.3
1.6
1.6
5.9
3.7
2.2
2.2
7.3
4.7
2.5
2.5
3.4
1.8
1.5
1.5
5.5
2.9
25
2.5
6.9
4.3
2.5
2.5
2.7
1.6
1.1
1.1
7.7
6.2
1.3
1.4
3.9
2.8
1.1
1.1
6.1
6.1
o
#
0
6.8
5.8
1.0
1.0
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9
10
11
12
9.3
7.1
2.0
2.0
5.4
5.0
.4
.4
5.3
6.3
-.9
-.9
4.6
6.8
11.4
11.0
-.6
.4
.4
.4
.4
5.2
5.9
-.4
-.7
9.9
-1.0
-2.0
-2.0
12.7
-2.1
-2.5
-2.9
-1.9
-1.5
-1.1
10.0
-2.2
-2.2
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
13
14
15
16
4.2
2.9
1.3
1.3
3.2
2.0
1.2
1.2
4.4
2.4
2.0
2.0
4.0
2.4
1.5
1.5
4.0
2.7
1.3
1.3
1.6
2.3
-.6
-.6
Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
17
18
19
20
5.9
2.7
3.1
3.1
5.9
2.5
3.3
3.3
5.7
3.0
2.7
2.7
6.2
3.2
2.9
2.9
5.9
1.9
3.9
3.9
21
22
23
24
15.0
13.0
3.5
2.1
1.4
1.4
8.5
8.8
-.3
-.3
11.0
11.3
15.1
13.3
-.3
-.3
25
26
27
28
10.6
7.0
5.5
1.4
1.4
8.6
8.8
-.1
-.1
29
30
31
32
9.4
8.0
1.2
1.2
10.1
9.6
.5
.5
8.3
9.3
-.9
-.9
10.7
-1.3
-1.3
4.6
3.6
3.6
9.1
4.8
4.1
4.1
7.8
5.0
2.6
2.6
Personal consumption expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross private domestic investment:
Current dollars
Chain-type quantity index
Chain-type price index
...
Implicit price deflator
Fixed investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1.8
1.8
8.6
1.8
1.8
Structures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
33
34
35
36
Producers' durable equipment:
Current dollars
Chain-type quantity index .......
Chain-type price index
Implicit price deflator
37
38
39
40
11.3
11.0
10.6
11.5
.3
.3
-.9
-.9
Residential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
41
42
43
44
13.7
10.1
-3.8
3.3
3.3
3.5
3.5
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
'.
45
46
47
48
9.5
8.2
1.2
1.2
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
49
50
51
52
10.8
14.6
12.5
5.9
9.7
1.8
1.8
Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
53
54
55
56
6.4
4.3
2.0
2.0
11.3
See note at the end of the table.
.
1.0
9.9
.8
.8
7.4
8.3
3.8
4.8
-1 3
-1.1
-!9
-.9
6.3
5.8
.6
.4
3.1
1.6
1.6
1.5
1.6
.7
.8
.9
2.9
2.0
.9
.9
5.3
2.2
3.0
3.0
8.5
4.8
3.6
3.5
1 5
5.5
2.3
3.2
3.1
7.4
3.8
3.4
3.4
5.4
2.4
2.9
2.9
4.5
1.9
2.5
2.6
6.2
4.0
2.1
2.1
6.2
4.3
1.7
1.9
-10.6
-11.9
1.3
1.6
1.9
1.4
.4
.6
-.1
-.2
9.2
9.3
-.2
0
8.1
8.3
-.2
-.2
8.6
7.0
1.3
1.5
9.7
8.2
1.6
1.4
1.7
.3
1.9
1.4
3.7
3.4
-.1
.3
7.6
7.3
0
.2
9.2
12.6
12.6
16.1
16.0
-.3
0
.2
0
8.4
6.9
2.0
1.4
.8
.9
-.7
-.1
8.7
2.3
6.2
6.3
16.0
10.7
4.7
4.8
8.1
5.1
2.9
2.9
2.4
-.4
2.8
2.9
14.1
16.9
-2.7
-2.4
16.1
18.1
-1.5
-1.7
8.5
7.6
1.6
.9
-2.0
-1.2
10.1
-2.0
-1.6
10.7
7.1
3.4
3.4
8.5
8.7
10.9
-2.2
-2.2
12.1
-3.0
-4.0
9.5
7.4
1.9
1.9
5.2
2.5
2.6
2.6
13.6
11.3
6.6
8.5
2.1
2.1
-1.7
-1.7
-.4
8.2
2.9
2.9
£6
1.8
1.9
.2
1.4
5.4
7.2
11.4
12.3
-1.8
-1.7
-.9
-.8
-5.2
-1.5
-3.4
-3.8
13.5
16.8
-2.8
-2.8
-2.4
-2.4
14.1
15.8
-1.4
-1.4
\2
.3
.3
65
2.9
3.6
3.6
5.6
3.6
2.0
1.9
-.4
-.2
-.2
-.2
5.9
5.1
.8
.8
.5
-.4
.9
.9
-2.2
-2.2
6.1
5.9
.2
.3
6.2
3.0
3.0
3.0
5.8
3.0
2.7
2.7
5.0
2.0
2.9
2.9
6.6
3.1
3.5
3.5
6.1
3.2
2.8
2.8
7.4
4.7
2.5
2.5
6.3
4.3
1.9
1.9
5.0
3.5
1.4
1.4
7.0
4.8
2.1
2.1
8.5
9.8
16.9
18.0
19.0
18.0
19.0
20.3
-.8
-.9
.7
.8
-.6
-.7
-.5
.1
14.6
15.3
-1.0
-1.2
-.7
-.6
-.5
-1.1
1.9
1.5
.2
.3
8.6
8.9
-.5
-.3
25.2
28.3
-2.3
-2.4
-5.7
-3.8
-2.2
-2.0
10.9
12.0
12.1
13.3
10.8
-1.0
-1.1
5.2
5.9
-.6
-.7
12.3
12.0
-.6
5.1
5.1
-.2
.1
10.8
11.8
-.8
-.5
-.9
.4
.3
3.0
3.6
-.5
-.5
17.8
20.4
-2.1
-2.1
11.9
-5.2
-5.2
5.6
6.1
-.8
-.5
11.0
13.1
-1.5
-1.8
11.8
14.0
-1.5
-1.9
15.8
17.0
-1.0
-1.0
.2
1.8
18.6
7.8
11.0
-1.5
-2.2
222
-1.6
-1.6
-3.0
-3.0
11.4
-3.3
-3.3
-1.5
-3.8
8.6
6.4
2.1
2.0
7.2
3.9
3.3
3.2
-3.1
-6.2
17.2
12.4
-2.1
-4.5
4.3
4.3
4.3
.9
3.3
3.3
-2.3
-4.9
3.3
3.4
2.7
2.7
2.6
2.6
11.9
15.7
-2.9
-3.3
-1.3
-3.3
-3.5
27.6
34.3
-6.0
-5.0
11.6
17.8
-5.3
-6.3
15.6
15.6
14.1
13.2
2.4
2.3
8.4
-.1
-42
-6.0
-6.8
-13.5
-15.0
11.8
10.1
12.8
10.6
5.2
5.2
5.1
5.1
1.8
1.7
1.5
1.5
2.0
2:0
10.5
12.8
-2.0
-2.0
18.1
14.7
13.2
8.2
5.4
3.4
2.6
16.7
17.8
-1.8
-.9
10.2
-2.3
-1.9
11.3
15.4
-3.5
-3.5
21.4
18.1
2.7
2.8
9.2
5.0
4.6
8.1
6.4
2.6
14.0
16.1
-4.1
-1.8
11.8
-3.9
-3.4
3.4
6.9
-4.5
-6.5
-3.4
-3.3
8.4
5.6
2.7
2.7
8.4
6.6
1.8
1.8
10.4
10.7
6.9
3.1
3.3
9.1
1.6
1.5
8.4
6.4
1.8
1.9
.1
^.0
4.6
4.2
2.9
2.9
9.2
4.0
3.7
14.2
• 1.6
8.4
2.9
5.4
5.3
23.6
21.7
1.5
1.6
8.1
8.0
10.5
9.3
1.1
1.1
8.6
9.3
.8
1.4
14.3
14.2
8.1
8.8
5.1
7.0
-.5
.1
-1.1
-1.7
-1.8
9.7
7.4
2.2
2.2
13.3
28.5
24.5
8.2
12.3
-2.9
-3.7
14.7
16.2
-2.2
-1.4
21.4
19.5
1.6
1.6
8.9
4.1
4.0
-.7
3.1
3.2
.6
3.1
1.1
3.2
4.3
8.3
-2.6
-2.0
-3.6
-3.7
18.2
22.8
-3.2
-3.8
15.3
18.8
-2.9
-3.0
-1.7
-2.1
-3.9
4.3
4.4
1.9
1.9
5.4
3.1
2.3
2.3
8.2
6.1
1.9
1.9
3.6
-.4
4.0
4.0
7.2
8.3
13.9
15.5
-1.0
-1.4
10.6
-1.6
-1.6
-1.6
-1.5
10.5
12.5
-1.8
-1.8
2.6
2.4
3.7
3.0
5.8
-.7
2.1
-1.2
-1.2
-1.7
-2.7
-3.2
-2.8
-42
-3.9
-1.0
-1.0
-.2
4.0
2.0
7.6
-2.6
-4.1
-5.6
-5.2
20.1
28.9
-7.2
-6.8
13.2
15.2
-1.7
-1.7
13.6
17.1
-2.5
-2.9
11.3
10.3
-7.0
-9.9
44.8
39.8
-6.9
-6.7
14.7
11.8
.6
.9
3.1
3.2
3.5
3.6
.9
.8
2.7
2.6
26.9
32.0
8.8
2.2
10.9
8.2
2.4
2.4
2.9
4.4
5.0
7.4
0
0
7.6
9.5
.8
.8
-6.0
-2.8
-3.4
-3.4
-9.8
-8.0
-1.9
-1.9
-2.7
-2.7
-7.9
-3.4
-4.7
-4.7
-15.0
-12.3
-3.1
-3.1
4.8
5.9
-2.5
-4.0
-1.3
-1.2
-1.0
-1.0
1.5
1.5
4.4
3.2
1.2
1.2
5.1
7.9
0
0
108 • August 1998
SURVEY OF CURRENT BUSINESS
Table 8.1 .—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
1995
Line
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Imports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1996
1997
1994
1995
1996
10.2
13.1
-1.8
-2.5
11.0
13.5
-1.5
-2.2
13.6
-5.2
-4.4
12.5
18.6
-4.4
-5.2
9.9
17.9
-7.1
-6.8
11.3
13.5
-2.1
-1.9
4.1
6.3
-2.3
-2,0
3.6
15.7
-10.4
-10.4
6.8
11.9
-4.5
-4.5
-42
-3.5
10.1
13.8
-2.4
-3.3
12.1
15.4
-2.1
-2.9
8.0
14.3
-6.4
-5.5
12.2
18.8
-4.6
-5.6
9.7
19.4
-8.5
-8.1
11.2
13.1
-1.9
-1.7
4.4
6.4
-2.2
-1.9
3.8
17.0
-11.3
-11.3
7.4
14.1
-5.9
-5.9
3.2
5.5
-2.5
-2.2
10.8
9.2
1.5
1.5
11.9
9.9
1.9
1.8
14.4
17.8
-3.0
-2.9
10.9
10.6
.3
.3
12.1
15.8
-3.2
-3.2
3.0
5.8
-2.6
-2.6
2.9
9.3
-5.8
-5.8
3.9
.7
3.2
3.2
-.3
-4.1
7.9
3.2
4.3
4.5
2.9
0
2.7
2.9
5.9
2.1
3.8
3.8
3.4
2.1
1.2
1.2
2.2
1.4
2.4
.1
2.2
2.3
-.9
-1.9
-1.2
-1.6
.8
-1.6
2.4
2.4
4.4
3.7
3.9
3.9
-.4
-2.6
2.5
2.3
-7.6
-14.7
8.2
8.3
13.3
8.0
4.2
4.9
4.7
8.1
-2.1
-3.2
-3.0
-4.7
1.8
1.7
-3.4
-6.3
2.7
3.1
1.9
-2.7
4.8
4.7
4.6
3.6
.9
1.0
-1.4
-1.2
-.2
-.2
-.7
-2.1
1.4
1.5
-6.4
-8.8
2.7
2.6
7.0
7.0
-.1
0
2.4
.1
2.1
2.3
-2.9
-5.4
2.7
2.6
-8.6
-12.5
4.3
4.5
15.6
7.2
6.7
7.9
6.2
8.1
-.3
-1.8
-4.8
-6.3
1.9
1.6
-5.2
-6.3
2.7
3.4
-6.3
-9.9
4.0
4.0
9.7
9.1
.5
.6
-2.2
-1.8
-.4
-.4
-7
-2.0
1.2
9.5
9.4
1.3
-16.1
-18.5
2.9
2.9
3.7
^t.6
9.0
8.7
-6.2
-6.2
-.2
0
5.2
3.3
2.1
1.8
-5.7
-19.2
16.5
16.8
-.7
-1.0
1.6
8.1
-5.9
-6.0
.7
-1.3
1.6
2.0
.4
-2.0
2.6
2.5
20.4
13.3
6.4
6.3
-4.7
-6.4
1.7
1.8
.2
-.1
.4
.3
-.5
-2.3
1.8
1.8
15.5
13.1
2.2
2.1
2.4
2.8
-.4
-.3
3.9
1.2
2.6
2.6
6.1
1.8
4.2
4.2
7.1
3.2
3.8
3.8
4.3
2.8
1.4
1.5
4.8
.5
4.3
4.3
5.8
6.5
-.6
-.6
3.0
.3
2.7
2.7
6.7
3.8
2.8
2.8
8.3
4.9
3.3
3.3
2.7
1.3
1.4
1.4
4.3
2.9
1.4
1.4
4.1
1.3
2.7
2.7
2.3
2.1
.2
.2
3.0
2.0
1.0
1.0
11.2
8.8
2.2
2.2
9.2
-2.2
-2.2
9.7
13.9
-3.7
-3.7
11.6
9.9
1.5
1.5
11.3
9.8
1.4
1.3
13.8
7.2
6.9
6.2
-3.9
-2.7
14.2
13.6
.5
.5
11.9
9.6
2.1
2.1
6.8
10.0
-2.9
-2.9
9.8
14.7
-4.2
-42
13.6
12.2
1.3
1.2
10.7
7.9
2.8
2.6
14.7
9.3
5.7
4.9
-4.9
-3.6
6.9
5.3
1.6
1.6
7.7
4.9
2.7
2.7
7.1
5.4
1.6
1.6
1.9
-.6
14.4
20.5
-5.1
-5.1
9.1
-3.3
13.2
12.8
3.3
.2
3.1
3.1
3.6
1.1
2.5
2.5
3.5
1.3
2.2
2.2
-1.3
-3.8
2.6
2.7
4.9
.1
4.8
4.8
4.2
1.2
2.9
2.9
-.2
-3.3
3.2
3.2
1.8
-1.1
2.9
2.9
.3
-1.6
2.0
2.0
-8.9
-11.3
2.7
2.7
3.1
-2.6
5.8
5.8
-.5
-2.0
1.4
1.5
-1.4
-4.0
2.7
2.7
1.9
-1.3
3.3
3.3
-1.4
-3.2
1.8
1.8
-16.7
-18.6
2.5
2.3
2.8
-1.6
4.3
4.5
2.3
-1.8
4.1
4.1
1.7
-1.1
3.3
3.3
22
2.2
4.1
1.7
2.4
2.4
10.4
6.5
3.2
3.7
4.9
2.6
2.3
2.3
5.6
2.4
3.1
3.1
4.7
2.4
2.2
2.2
5.4
3.1
2.2
2.2
12.9
12.2
,
Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Government consumption expenditures and gross
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Federal:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
National defense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
-3.2
-4.9
1.8
1.8
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
2.1
State and local:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1997
-.8
2.0
-1.8
1.8
5.0
3.1
2.0
1.8
.1
3.5
-3.9
-.5
3.1
5.4
7.1
1.1
1.1
.1
.1
Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
90
91
92
5.3
2.9
2.4
2.4
5.4
3.5
1.9
1.9
5.5
2.7
2.6
2.7
4.8
2.2
2.5
2.5
4.2
2.3
2.0
1.9
4.6
2.5
2.0
2.1
6.0
3.6
2.3
2.4
6.7
5.4
1.4
1.2
2.8
.9
1.9
1.9
7.0
5.1
1.7
1,8
5.8
2.9
2.8
2.8
4.4
2.7
1.8
1.6
7.0
5.8
1.2
1.2
3.3
2.1
1.2
1.1
5.3
4.3
.9
4.7
3.9
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
93
94
95
96
6.3
3.9
2.3
2.3
5.8
4.2
1.6
1.6
5.8
3.2
2.5
2.5
4.2
1.9
2.2
2.3
3.0
.7
2.4
2.3
3.9
2.0
1.8
1.8
6.6
4.5
2.1
2.1
8.3
7.0
1.4
1.2
5.1
3.4
1.5
1.6
4.1
1.8
2.1
2.2
7.8
5.5
2.2
2.2
5.2
4.4
5.8
4.6
1.1
1.1
4.3
3.2
1.0
1.1
7.6
7.8
-.2
-.2
4.3
3.8
.4
.5
Final sales to domestic purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
97
98
99
100
5.7
3.3
2.3
2.3
5.4
3.7
1.6
1.6
4.9
2.4
2.5
2.5
4.6
2.4
2.2
2.2
4.9
2.6
2.4
2.3
3.7
1.8
1.8
1.9
7.0
4.7
2.2
2.1
7.6
6.3
1.4
1.2
3.9
2.2
1.5
1.7
5.0
2.7
2.1
2.2
6.5
4.1
2.3
2.3
4.0
3.1
7.3
6.2
1.1
1.1
3.5
2.4
1.0
1.0
6.5
6.6
-.1
-.1
6.3
.5
.5
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
101
102
103
104
5.8
3.3
2.4
2.4
5.6
3.7
1.8
1.8
6.1
3.4
2.6
2.6
5.3
2.7
2.6
2.6
2.5
.6
2.0
1.8
5.5
3.5
2.0
2.0
5.6
3.3
2.2
2.3
7.0
5.7
1.4
1.2
3.5
1.6
1.8
1.8
6.4
4.5
1.6
1.8
6.5
3.6
2.7
2.8
5.6
4.1
1.7
1.5
5.0
3.8
1.2
1.2
3.6
2.4
1.1
1.2
6.7
5.8
Command-basis gross national product:
Chain-type quantity index
105
3.4
3.9
3.5
3.0
3.6
3.4
5.7
1.8
4.1
4.1
4.9
3.9
2.5
Disposable personal income:
Current dollars
Chained (1992) dollars
106
107
4.8
2.3
4.7
2.8
7.6
4.3
2.6
5.6
3.9
5.2
2.9
4.6
2.1
6.0
4.4
5.9
3.3
4.0
2.9
3.8
2.4
4.0
2.9
NOTE.— Contributions to the percent change in real gross domestic product are shown in table 8.2.
4.0
4.0
3.9
2.9
SURVEY OF CURRENT BUSINESS
August 1998
•
109
Table 8.2.—Contributions to Percent Change in Real Gross Domestic Product
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
in
II
1997
1996
1995
I
IV
I
IV
II
I
IV
III
1998
II
III
IV
I
II
Percent change at annual rate:
2.1
4.2
4.2
3.21
1.26
1.97
1.03
.96
1.20
-.16
.24
1.18
.58
.57
.81
1.33
2.45
2.48
.61
1.65
1.29
1.83
1.09
1.29
1.37
-.11
.17
.24
.11
.71
-.62
-1.84
.37
-.39
.40
.25
1.12
.36
-.32
.20
.89
-.17
-.26
1.60
.70
.91
.64
.54
.45
1.81
1.16
1.10
.89
.21
.27
.09
.64
.21
-1.71
-1.51
-.20
-1.11
-1.13
-.80
-.87
.02
-1.09
-.72
-.37
.07
-.20
-.14
-.06
.20
.24
-.75
.02
.22
-.15
-.30
-.27
-.03
-.24
-.20
-.04
-.08
-.06
-.01
-.11
-.15
.04
-.89
-1.03
.15
-.18
-.08
-.11
-.14
.01
-.14
.30
.28
.28
.35
.14
.21
.36
1
3.5
2.3
3.4
3.9
3.6
2
2.23
1.81
2.17
2.31
3
4
5
.58
.60
1.06
.41
.41
.99
.52
.48
1.18
.56
.49
1.26
Gross private domestic investment
6
1.73
.30
1.26
1.65
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
7
1.12
.75
1.21
8
9
10
.74
.03
.71
.91
.13
.78
.92
.14
.78
1.18
1.08
.20
.88
11
12
.39
.61
-.16
-.45
.29
.04
.10
.47
13
-.50
.14
-.19
14
15
.82
.69
1.17
.92
.95
.76
16
17
18
19
.13
.25
-1.32
-1.22
-.10
20
1.7
.4
3.3
2.8
3.3
6.1
2.18
1.25
2.26
1.77
1.57
2.50
.87
.54
.75
-.09
.45
.88
.47
.31
1.46
.66
.15
.95
.39
.41
.77
.48
.45
1.57
1.84
.63
-1.79
.09
1.26
.93
1.14
1.09
1.47
.05
.47
1.00
.27
-.01
1 08
-.21
.90
1.19
-.37
-.46
.67
.14
.54
.10
.06
-.27
.34
1.43
1.21
1.45
1.24
.18
.22
-1.03
-.94
-.10
-1.13
-1.02
-.11
.00
.03
21
22
23
24
4.0
4.2
3.0
5.5
1.4
2.91
1.08
4.19
1.88
4.09
3.88
.98
.71
1.20
-.13
-.04
1.26
1.30
1.00
1.85
.26
-.08
1.70
1.23
1.41
140
81
1.13
1 91
-.12
2.17
2.92
.23
1.34
4.07
-.62
.72
.83
.71
.11
.59
1.66
1.67
48
.88
.64
.24
282
2.21
-.15
-.14
134
.12
1.33
1.32
-.02
-1.41
236
-.16
-.83
1.63
1.39
-.19
1.58
.24
1.27
.32
.85
.60
1.22
.53
-2.33
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods
Services
^——
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment.
Federal
National defense
Nondefense
State and local
,
.16
.03
.13
.35
1 74
121
.73
.61
1.12
-.07
1.17
-1.10
-.94
-1.33
2.35
-1.24
-.45
-.47
-.30
-2.24
-2.42
.65
.33
3.22
2.06
1.14
-.85
-.88
.20
-2.21
-1.99
-.21
-1.69
-1.38
-.31
.53
67
-.14
-.83
-.71
-.12
-.33
-29
-.04
-1.94
-1.75
-.19
-.96
- 1 06
.38
.02
.95
1.19
-.24
-2.21
-1.87
-.34
1.22
1.02
-1.60
-1.52
-.09
.23
.57
-.34
-1.58
-1.38
-.19
1.76
1.37
-.40
-.29
-.11
.43
.57
-.14
-1.54
-1.36
-.18
-1.49
- 1 47
-.01
-.78
.59
1.28
-.30
.00
.37
.38
.25
.02
-.34
.64
-.19
-.27
.08
-1.10
-.63
-.48
.53
.32
.20
.54
.37
.17
-.33
-.30
-.03
-.44
-.39
-.05
-.18
-.46
.27
.23
.38
-.15
-.08
-.08
.00
-.14
-.09
-.05
-57
-.84
26
42
.36
06
.05
.33
.06
.74
.04
.44
.55
.15
.33
.15
.24
.22
.33
11
Table 8.3.—Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
I
II
1997
1996
1995
1994
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal
1
2
3
4
26,647
26,678
22,086
19,251
27,621
27,687
23,071
20,050
28,849
28,895
24,193
20,840
30,278
30,248
25,325
21,633
27,115
27,119
22,589
19,711
27,345
27,416
22,802
19,876
27,434
27,519
22,942
19,915
27,719
27,751
23,123
20,091
27,982
28,060
23,413
20,316
28,318
28,393
23,743
20,533
28,761
28,815
24,090
20,722
28,972
28,992
24,359
20,976
29,338
29,378
24,578
21,127
29,795
29,786
24,970
21,391
30,138
30,134
25,206
21,558
30,468
30,436
25,435
21,709
30,707
30,634
25,686
21,871
31,132
31,244
31,077
26,007 '"26"240
22,046
22,212
Personal consumption
5
18,093
18,822
19,639
20,508
18,419
18,542
18,762
18,922
19,061
19,299
19,600
19,717
19,938
20,235
20,329
20,660
20,807
21,078
21,385
Durable goods
Nondurable goods
Services
6
7
8
2,223
5,479
10391
2,322
5,599
10 902
2,422
5,795
.11,421
2,512
5,975
12,021
2,290
5,555
10,574
2,282
5,566
10,695
2,306
5,595
10,861
2,341
5,604
10,977
2,358
5,631
11,072
2,389
5,693
11,217
2,440
5,798
11,361
2,417
5,806
11,495
2,443
5,885
11,610
2,505
5,954
11,775
2,467
5,936
11,926
2,540
6,008
12,111
2,538
6,001
12,268
2,618
6,064
12396
2,661
6,143
12 581
Gross domestic product
Gross national product
Disposable personal
9
10
11
25,357
25,389
18,308
25,691
25,758
18,640
26,338
26,389
18,989
27,138
27,125
19,349
25,559
25,569
18,541
25,616
25,686
18,621
25,582
25,666
18,551
25,726
25,762
18,628
25,839
25,918
18,761
26,001
26,077
18,860
26,329
26,386
18,919
26,402
26,429
19,079
26,617
26,662
19,096
26,843
26,847
19,217
27,048
27,058
19,315
27,263
27,248
19,385
27,397
27,345
19,478
27,718
27,758
27,683
19,632 ""19,731
Personal consumption
12
17,207
17,499
17,894
18,342
17,326
17,371
17,476
17,544
17,602
17,727
17,894
17,934
18,021
18,178
18,213
18,447
18,529
18,770
18,996
13
14
15
2,153
5,331
9 725
. 2,238
5,386
9,877
2,358
5,463
10,079
2,496
5,548
10,309
2,203
5,359
9,767
2,193
5,378
9,802
2,220
5,387
9,872
2,259
5,383
9,905
2,280
5,397
9,929
2,308
5,416
10,007
2,373
5,468
10,060
2,356
5,471
10,110
2,392
5,498
10,138
2,458
5,536
10,196
2,444
5,521
10,255
2,534
5,578
10,349
2,547
5,559
10,434
2,637
5,649
10,506
2,695
5,718
10,609
16
260,705
263,194
265,579
267,880
261,692
262,235
262,847
263,527
264,169
264,680
265,258
265,887
266,491
266,987
267,545
268,171
268,815
269,309
269,866
Chained (1992) dollars:
Durable goods
Nondurable goods
Services
.....
Population (mid-period,
thousands).
SURVEY OF CURRENT BUSINESS
HO • August 1998
Table 8.4.—Auto Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
1994
IV
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
Gross government investment
Change in business inventories of new and used
autos.
New
Used
Addenda:
Domestic output of new autos'
Sales of imported new autos2
II
I
1997
1996
1995
III
I
IV
II
III
I
IV
1998
III
II
I
IV
II
1
142.8
139.6
134.5
134.7
141.4
146.3
135.6
133.0
143.7
120.3
144.7
143.5
129.6
135.5
129.6
138.8
135.2
130.4
117.5
2
3
4
5
6
7
8
9
10
11
12
140.9
135.3
91.2
44.1
48.0
74.6
-26.6
^4.7
16.4
611
2.1
136.5
139.6
86.6
53.0
41.6
74.0
-32.4
-47.1
16.7
63.8
2.3
139.8
141.6
85.8
55.8
44.8
78.8
-34.0
-48.9
17.0
65.9
2.3
134.8
143.5
86.2
57.3
45.7
79.9
-34.2
-56.4
16.8
73.1
2.0
135.2
136.9
90.7
46.2
48.7
77.4
-28.8
-52.4
15.8
68.2
2.0
130.5
136.2
84.7
51.5
42.4
74.2
-31.8
-50.0
17.7
67 7
2.0
132.5
139.5
86.0
53.5
40.7
72.1
-31.4
-50.2
16.1
66.3
2.5
141.7
142.3
86.0
56.3
41.9
75.6
-33.7
-44.7
16.4
61.1
2.2
141.2
140.4
89.6
50.9
41.5
74.0
-32.5
-43.5
16.8
60.3
2.7
140.0
140.6
87.2
53.4
42.8
75.4
-32.6
-45.9
17.6
63.5
2.4
142.9
145.5
87.0
58.5
45.3
80.3
-35.0
-49.8
15.8
65.6
2.0
138.9
140.8
83.8
57.0
46.7
82.6
-35.9
-50.6
17.4
68.1
2.0
137.2
139.5
85.1
54.4
44.4
76.9
-32.5
-49.3
17.1
66.3
2.6
138.7
147.4
87.8
59.5
47.0
83.3
-36.3
-57.6
16.2
73.9
2.0
131.4
139.9
81.5
58.4
45.2
79.9
-34.7
-65.6
17.5
73.1
1.8
137.5
145.7
89.0
56.6
46.9
80.4
-33.5
-57.2
16.7
73.9
2.1
131.8
141.0
86.3
54.7
43.7
76.1
-32.4
-65.0
16.7
71.7
2.1
130.1
144.2
87.7
56.5
45.8
78.8
-330
-61.7
16.7
78.5
1.8
132.3
145.7
92.8
52.9
46.9
81.1
-34 3
-62.5
15.3
778
2.2
13
1.9
3.2
-5.2
-.1
6.2
15.8
3.2
-4.7
2.5
-19.6
1.7
4.6
-7.7
-5.3
-1.8
1.3
3.4
.4
-14.8
14
15
1.6
.4
3.1
.1
-5.5
.2
.2
-.3
3.5
2.7
14.7
1.1
3.6
-.5
-6.9
-1.8
.9
1.6
-21.1
1.4
2.6
-.8
3.9
.7
-7.3
-.4
-2.8
-.4
-.9
-.9
1.4
-.1
3.0
.4
1.8
-1.4
-182
3.4
16
17
125.7
59.4
122.1
58.6
120.6
58.0
120.0
63.1
125.8
60.9
132.0
57.9
117.0
58.0
117.7
58.4
121.4
60.3
110.9
57.2
127.1
57.7
129.3
58.3
115.2
58.8
119.8
63.9
116.4
61.3
124.5
64.3
119.3
62.9
114.8
67.9
104.1
71.3
III
IV
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 gross government invest-
ment.
Table 8.5.—Real Auto Output
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line
1994
1995
1996
1997
IV
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
Gross government investment
II
I
1997
1996
1995
1994
III
I
IV
III
II
I
IV
II
1998
II
I
1
132.3
127.5
119.8
120.2
129.0
134.4
124.4
121.3
129.9
108.4
128.9
127.2
114.6
119.4
116.1
123.0
122.3
116.6
106.8
2
3
4
5
6
7
8
9
10
11
12
131.8
123.7
862
37.5
47.8
70.5
-53.1
-41.3
16.1
57.4
2.0
124.9
122.3
802
41.4
42.7
68.5
-25.6
-42.2
16.0
58.2
2.2
124.3
121.5
78.2
42.4
44.7
71.8
-26.9
-43.6
16.0
59.6
2.1
119.8
123.7
78.5
44.1
44.2
72.8
-58.1
-49.8
15.7
65.5
1.8
124.6
122.2
84.8
37.3
48.8
72.4
-23.9
-47.7
15.3
63.0
1.9
119.8
119.8
78.9
40.2
43.9
69.1
-25.1
-45.4
17.0
62.4
1.9
121.1
121.9
79.6
41.5
42.0
66.8
-24.6
-45.1
15.5
60.6
2.4
129.9
124.8
79.5
44.2
42.7
69.9
-26.7
-39.7
15.8
55.5
2.1
128.8
122.7
82.6
39.8
42.2
68.2
-25.7
-38.5
15.8
54.3
2.5
125.8
121.0
80.1
40.4
43.7
69.3
-25.4
-40.8
16.6
57.5
2.3
127.6
125.1
79.6
44.5
45.4
73.4
-27.6
-44.5
14.9
59.4
1.8
122.8
120.6
76.0
43.4
46.0
74.9
-28.5
-45.1
16.5
61.5
1.9
121.1
119.3
77.2
41.3
43.5
69.7
-25.9
-43.8
16.0
59.8
2.4
122.4
125.7
79.9
44.8
46.4
75.7
-28.8
-51.4
15.3
66.7
1.9
116.1
120.0
74.1
44.5
44.0
72.7
-28.1
-49.3
16.4
65.7
1.6
122.5
126.4
81.1
44.3
44.6
73.2
-28.1
-60.3
15.6
66.0
1.9
118.2
122.8
79.0
42.9
41.6
69.7
-57.4
-48.1
15.6
63.8
1.9
116.6
125.7
804
44.3
43.7
72.2
-28.0
-54.3
15.7
69.9
1.6
118.8
127.0
853
41.3
45.0
74.6
-29.0
-55.1
14.3
69.4
1.9
1
Change in business inventories of new and used
autos.
New
Used
13
.4
2.5
-4.7
.4
4.2
14.3
3.2
-8.6
1.0
-17.6
1.1
4.4
-6.8
-3.1
0
.5
4.2
-.1
-12.2
14
15
.7
-2
3.2
1.0
13.9
.7
3.7
-.4
-7.3
-1.4
-.5
1.3
-19.3
1.1
1.9
-.7
3.9
.5
-6.7
-.3
-2.8
-.4
.9
-.8
.6
-.1
4.0
.3
1.3
-1.2
-16.0
29
16
2.5
.1
.4
-5.1
.2
Residual
.9
-.4
0
.7
.4
0
.2
.5
.7
.2
.8
.5
.1
.7
.5
.5
.5
.1
.2
.9
Addenda:
Domestic output of new autos»
Sales of imported new autos2
17
18
119.3
56.2
113.6
54.3
110.8
52.9
110.3
57.5
124.2
54.0
109.6
53.7
109.2
54.0
111.5
55.6
102.8
52.5
116.5
52.7
118.4
52.9
105.4
53.3
109.5
58.1
108.0
55.7
113.3
58.6
110.4
57.5
105.3
62.3
97.1
65.6
118.3
56.9
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 gross government investment.
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines
in the addenda.
Chain-type quantity indexes for the series in this table appear in table 7.18.
August 1998 •
SURVEY OF CURRENT BUSINESS
111
Table 8.6.—Truck Output
[BillipAS of dollars]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
Change In business inventories
I
II
1997
1996
III
IV
I
II
III
IV
I
1998
IV
III
II
1
II
1
:
123.1
133.2
142.6
158.9
129.7
130.6
133.2
130.8
138.2
136.9
144.5
140.8
148.3
152.5
151.1
161.0
171.3
169.9
168.9
2
Truck output'
Final sales
Personal consumption expenditures
Producers'durable equipment
Net exports
Exports
Imports .
Gross government investment
1995
120.1
130.4
61.9
66.1
-5.1
143.3
66.5
73.8
-4.7
127.6
64.6
61.8
-6.7
127.7
128.9
62.0 , 61.2
64.5
65.5
-5.3
-5.3
129.5
60.9
66.3
-4.5
135.4
63.6
68.3
-6.2
141.8
67.6
69.9
-4.5
139.3
65.6
71.5
-6.1
141.6
65.3
75.2
-5.4
150.6
67.7
78.8
-3.6
148.8
66.8
79.6
7.2
7.9
7.4
8.1
7.5
8.2
9.0
9.1
9.8
S.O
9.9
12.9
6.9
13.2
6.8
12.7
7.3
12.6
6.9
12.8
8.7
12.7
8.9
14.1
7.2
14.6
6.6
13.3
7.7
15.8
8.3
148.8
65.0
80.0
-5.4
10.0
15.4
9.2
160.6
71.4
83.9
-5.2
11.3
16.6
10.4
164.3
73.5
85.7
-3.1
12.3
15.5
8.2
166.9
74.0
88.8
-3.6
12.2
15.8
7.7
180.7
81.2
94.6
-4.4
11.1
15.6
9.4
2.1
1.8
5.5
1.3
2.8
-4.9
5.2
-.8
-2.3
3.7
2.3
.4
7.0
3.0
-11.8
67
9.0
12.8
7.4
13.7
7.6
155.6
69.2
82.3
-4.9
10.9
15.8
9.0
3.1
2.9
-.7
3.3
607
57.2
-5.1
8
9
7.7
11.8
7.2
3
4
5
6
7
.
1. Includes new trucks only.
Table 8.7.—Real Truck Output
[Billions of chained (1992) dollars]
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
Truck outDut'
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports ..
. . .
Exports
Imports...
Gross government investment
Change in business inventories
Rpcjrinfl!
II
I
III
IV
I
II
III
IV
I
II
1998
III
IV
I
II
1
113.5
119.6
126.2
140.2
118.9
118.6
119.7
116.9
123.2
121.6
127.8
124.4
131.0
134.0
133.1
141.7
151.9
151.5
151.0
2
3
4
110.7
56.1
52.6
-4.6
117.1
55.5
59.2
-4.3
126.9
58.3
65.7
-3.7
116.9
58.9
56.7
-5.0
117.0
56.4
59.1
-4.6
114.8
55.1
57.7
-4.5
115.8
54.3
59.1
-3.7
120.7
56.4
60.8
-4.3
126.0
59.7
62.1
-3.7
123.2
57.7
63.4
-4.2
125.2
57.0
66.8
-4.3
133.1
58.7
70.4
-2.6
130.8
57.7
70.8
-4.9
131.2
56.2
71.5
-4.5
161.6
70.9
85.9
7;0
77
7.2
7.8
7.3
7.9
8.6
8.8
9.4
9.4
9.5
12.2
6.1
11.7
6.6
11.5
6.1
11.6
7.8
11.6
7.9
12.8
6.4
13.2
5.8
12.0
6.8
14.3
7.4
14.0
8.2
145.7
63.6
77.4
-2.4
11.5
13.9
7.4
148.9
64.4
80.6
-2.8
12.0
6.4
141.6
61.7
75.1
-4.3
10.7
15.0
9.3
2.0
1.6
5.0
1.2
2.6
-4.3
4.6
-.7
-2.0
3.1
1.9
.4
5.9
2.5
-10.2
-3
_1
_2
0
-.1
-.6
66
75
87
8
11.2
6.6
11.8
6.6
12.4
6.7
137.3
59.8
73.7
-4.0
10.3
14.3
8.1
9
2.9
2.6
-.6
2.8
10
-.1
0
2
2
5
6
7
1. Includes new trucks only.
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table appear in table 7.19.
1997
1996
1995
2
-5
113
14.2
7.0
-35
104
139
8.5
SURVEY OF CURRENT BUSINESS
112 • August 1998
Table 8.8.—farm Sector Output, Gross Product, and National Income
[Billions of dollars]
Equals: Gross farm product
Less: Consumption of fixed capital
,
207.2
110.6
96.5
5.9
.5
5.5
-9.3
6.1
.4
6.3
7.6
8.8
-1.1
124.4
109.9
14.5
130.5
113.5
17.0
135.1
119.6
15.5
72.3
91.6
90.2
24.8
25.8
26.6
93.0
6.3
.5
7.1 . •*
4.3
5.1
-.7
59.8
Plus: Subsidies to operators
Equals: Farm national Income
65.9
5.1
6.1
5.1
6.1
5.5
6.2
61.5
Less: Indirect business tax and nontax liability
47.5
63.6
4.8
6.6
Equals: Net farm product
48.4
66.9
64.4
14.6
12.3
2.2
37.8
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income and corporate profits with inventory
valuation and capital consumption adjustments.
Proprietors'income
Corporate profits
Net interest
15.7
13.3
2.4
23.3
16.5
14.2
2.3
40.6
16.9
14.4
2.5
37.3
36.9
.9
9.1
Compensation of employees
[Billions of dollars]
225.3
201.7
108.7
23.7
....:.,
222.1
194.1
107.2
87.0
83.5
Less: Intermediate goods and services purchased
Intermediate goods and services, other than rent
Rent paid to nonoperator landlords
196.7
119.4
105.3
14.1
Cash receipts from farm marketings
Crops
Livestock
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock
1995
180.9
92.8
88.1
5.8
.5
4.9
10.8
9.7
1.1
Farm output
1996
1997
1994
202.9
Line
Table 8.10.—Housing Sector Output, Gross Product, and National
Income
22.4
.8
9.5
38.9
1.7
9.8
35.5
1.8
10.2
Table 8.9.—Real Farm Sector Output, Real Gross Product, and Real Net
Product
Line
1995
1996
1997
723.1
758.4
799.8
680.9
507.0
717.2
532.4
752.3
559.1
174.0
Nonfarm housing
Owner-occupied .,
Tenant-occupied ,
Farm housing
....
1994
686.7
Housing output >
184.8
193:2
793.5
590.3
203.2
5.8
6.3
91.1
95.3
634.6
667.2
704.5
594.4
439.5
629.6
463.0
662.1
486.4
175.6
5.2
119.6
63.0
699.1
155.0
4.7
120.5
Nonfarm housing ....
Owner-occupied .
Tenant-occupied .
Farm housing
6.i
88.5
599.1
Equals: Gross housing product
5.9
87.6
Less: Intermediate goods and services consumed
-56.5
-59.1
547.7
578.3
119.9
123.5
Less: Consumption of fixed capital
Capital consumption allowances
Less: Capital consumption adjustment
60.9
-59.6
166.5
5.0
115.9
59.7
-56.2
Equals: Net housing product
478.6
518.7
Less: Indirect business tax and nontax liability plus business transfer
payments.
Plus: Subsidies less current surplus of government enterprises
112.9
116.0
20.6
20.8
Equals: Housing national income
386.4
423.5
7.7
17.6
513.4
185.8
5.3
126.2
67.1
22.3
477.1
8.1
25.0
449.6
8.5
26.5
96.7
105.2
119.7
127.7
4.2
5.0
5.2
5.5
260.2
Compensation of employees
,
Proprietors' income with inventory valuation and capital
consumption adjustments.
Rental income of persons with capital consumption
adjustment.
Corporate profits with inventory valuation and capital
consumption adjustments.
Net interest ...'.
21.9
280.1
289.7
306.9
9.1
27.9
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
2.4.
[Billions of chained (1992) dollars]
Line
Farm output
,
1994
1995
1996
1997
199.4
190.7
195.7
208.3
178.2
188.8
97.1
177.3
87.1
91.3
5.2
.5
5.0
90.6
5.1
.4
5.3
7.1
6.5
5.2
.5
4.8
11.7
9.2
1.2
-11.0
-9.2
.3
-1.3
191.0
96.0
95.1
5.0
.4
6.2
4.3
4.2
-.8
114.7
100.7
14.0
118.5
104.0
14.5
116.9
100.7
16.4
118.2
103.6
14.6
Equals: Gross farm product
85.0
72.0
78.6
90.3
Less: Consumption of fixed capital
22.4
22.8
23.2
23.7
Equals: Net farm product
62.9
49.0
55.2
66.6
Cash receipts from farm marketings
Crops
Livestock
'.'.
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock
Less: Intermediate goods and services purchased
Intermediate goods and services, other than rent .
Rent paid to nonoperator landlords
Table 8.11.—Real Housing Sector Output, Real Gross Product, and Real
Net Product
[Billions of chained (1992) dollars]
Line
Housing output 1
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
Less: Intermediate goods and services consumed ,
Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
Less: Consumption of fixed capital
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Equals: Net housing product
1994
1995
1996
649.9
663.9
675.8
692.6
644.8
479.6
165.2
658.7
487.4
171.4
670.7
496.0
174.7
687.6
508.9
5.2
5.2
5.1
5.0
83.1
82.1
82.7
83.8
608.7
566.8
562.7
415.6
147.1
4.2
112.2
454.5
581.8
593.0
577.4
423.3
154.2
588.7
430.5
158.3
103.7
104.6
478.3
488.7
1997
178.7
604.5
441.9
162.6
4.2
107.2
501.7
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
2.5.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
SURVEY OF CURRENT BUSINESS
August 1998
Table 8.14.—Business Transfer Payments by Type
Table 8.12.—Consumption of Fixed Capital by Legal Form of
Organization
[Billions of dollars]
[Billions of dollars]
Line
1994
1995
1996
1997
777.5
800.8
832.0
871.8
638.6
657.0
684.3
720.2
Domestic corporate business
Financial
Nonfinancial
Sole proprietorships and partnerships
Farm
Nonfarm
412.3
51.7
360.7
431.1
55.6
375.6
452.0
58.6
393.4
477.3
62.0
415.4
99.4
21.8
77.6
96.4
22.7
73.7
98.9
23.5
75.5
102.1
24.1
78.0
Other private business
Rental income of persons
Nonfarm housing
Owner-occupied
Tenant-occupied
Farms owned by nonoperator landlords
Nonfarm nonresidential properties
Buildings and equipment owned and used by nonprofit
institutions serving individuals.
Proprietors'income
126.9
99.7
98.7
82.2
16.6
.1
.9
24.3
129.4
101.9
100.9
85.1
15.8
.1
.9
25.4
133.4
105.0
104.0
87.7
16.3
.1
.9
26.2
140.7
111.0
109.9
93.0
16.9
.1
1.0
27.5
2.9
2.2
2.2
2.2
138.8
143.8
147.7
151.6
118.2
66.9
51.3
20.6
2.6
18.0
122.4
68.0
54.4
21.4
2.6
18.7
125.3
67.9
57.4
22.4
2.7
19.7
128.3
67.8
60.5
23.4
2.8
20.6
635.5
518.1
653.5
540.9
564.7
716.9
594.2
Line
Consumption of fixed capital
Private
Government
General government
Federal
State and local
Government enterprises
Federal
State and local
Addenda:
Nonfarm business
Nonfarm business less housing
[Billions of dollars]
1994
8.7
Capital consumption adjustment'
1995
20.1
1996
35.4
1997
40.4
187.1
184.2
173.3
164.3
-155.6 -153.2 -148.8 -146.7
For consistent accounting at historical cost
For current replacement cost
Domestic corporate business
For consistent accounting at historical cost
For current replacement cost
Financial
For consistent accounting at historical cost
For current replacement cost
Nonfinancial
For consistent accounting at historical cost
For current replacement cost
51.4
124.2
-72.8
-9.5
-6.5
-O.0
60.8
130.7
-69.9
131.8
-72.5
-9.2
-6.5
-2.7
68.5
138.3
-69.8
71.4
139.7
-68.3
-5.2
-3.2
-2.0
76.7
142.9
-66.2
76.6
140.3
-63.7
-5.2
-4.0
-1.3
81.9
144.3
-62.4
Sole proprietorships and partnerships
Farm'
Nonfarm
:
For consistent accounting at historical cost
For current replacement cost
13.1
-7.9
21.0
40.1
-19.0
17.5
-7.9
25.4
41.4
-16.0
20.8
-7.8
28.6
44.5
-15.9
23.1
-7.5
30.7
46.8
-16.1
Other private business1
Rental income of persons
Nonfarm housing
Owner-occupied
Tenant-occupied
Farms owned by nonoperator landlords
Nonfarm nonresidentiai properties
Buildings and equipment owned and used by nonprofit institutions
serving individuals.
Proprietors'income
-55.8
-47.6
^7.3
-38.5
-3.8
0
-.3
-7.6
-56.8
-48.0
-47.7
-39.2
-8.5
0
-.3
-7.9
-56.8
-48.1
^7.8
-39.2
-6.7
0
-.3
-7.9
-59.4
-50.4
-50.0
-41.1
-9.0
0
-.3
-8.2
-.8
-.8
43.3
48.6
Addendum:
Capital consumption adjustment for national income (4+13+19+26)
-.7
27
16.2
28.0
1. Except for farm proprietorships and partnerships (line 14) and other private business (line 18), the capital
consumption adjustment is calculated in two parts. The adjustment for consistent accounting at historical cost converts depreciation, based on the service lives and depreciation schedules employed by firms when filing their income
tax returns, to consistent service lives and empirically-based depreciation schedules. The adjustment for current replacement cost converts the historical cost series with consistent accounting to a current replacement cost series.
For farm proprietorships and partnerships and other private business, the historical cost series is based on consistent service lives and empirically-based depreciation schedules so that the adjustment reflects only a conversion
to current replacement cost.
1994
1995
1996
1997
30.5
33.8
35.1
23.7
12.4
10.1
2.3
7.1
Payments to persons
Insurance payments to persons by business
Automobile insurance
Medical malpractice insurance
Donations by corporate business to nonprofit institutions serving
individuals.
Other1
,
32.9
25.8
13.4
11.1
2.3
7.4
26.4
14.2
11.6
2.6
7.9
27.2
14.3
11.6
2.6
8.5
4.2
5.0
4.4
4.4
6.8
Payments to the rest of the world 2
7.1
7.3
8.0
1. Consists largely of cash prizes from business, and losses by business due to fraud and unrecovered thefts.
2. Consists of income taxes paid by domestic business to foreign governments on income earned abroad.
Table 8.15.—Supplements to Wages and Salaries by Type
[Billions of dollars]
Line
Supplements to wages and salaries
1994
1996
1997
758.0
767.0
768.6
793.7
Employer contributions for social insurance (3.6;2)
Other labor income (6.11,1)
353.0
405.0
365.3
401.6
381.7
387.0
400.7
392.9
By type
Pension, profit-sharing, and other retirement benefit plans
Old-age, survivors, and disability insurance (3.6;5)
Federal civilian employee retirement (3.6,13)
Federal military employee retirement (3.6;14)
Railroad retirement (3.6,15)
Pension benefit guaranty (3.6;16)
State and local employee retirement (3.6;21)
Private pension and profit-sharing (6.11,-21)
357.2
162.8
33.5
24.7
2.6
1.0
40.8
91.8
368.3
170.2
34.1
23.2
2.5
.9
43.6
93.8
368.1
179.4
34.5
26.9
2.6
1.2
44.9
78.6
387.0
192.9
36.1
26.7
2.6
1.3
46.8
80.6
Health insurance
.'
Federal hospital insurance (3.6;6)
Military medical insurance (3.6;19)
Temporary disability insurance (3.6;22)
Private group health insurance (6.11;23)!
Table 8.13.—Capital Consumption Adjustment by Legal Form of
Organization and Type of Adjustment
Line
Business transfer payments
305.0
43.7
1.4
0
259.8
305.0
47.4
1.3
0
256.3
307.6
50.0
1.2
0
256.4
314.1
53.5
1.2
0
259.4
7.2
0
7.2
7.3
0
7.2
7.9
0
7.9
8.6
0
8.6
Workers' compensation
Federal (3.6;18)
State and local (3.6;23)
Private insurance' (6.11 ;25)
53.8
1.91
11.2
40.8
51.5
1.9
10.9
38.8
50.4
1.9
10.2
38.3
50.0
1.9
9.8
38.3
Unemployment insurance ..
State unemployment insurance (3.6;8)
Federal unemployment tax (3.6;9)
Railroad employees unemployment insurance (3.6,10) .
Federal employees unemployment insurance (3.6;11) ..
Private supplemental unemployment (6.11,26)
29.7
23.2
5.5
0
.7
.3
29.6
22.9
5.8
0
.7
.3
29.1
22.2
5.9
0
28.2
21.3
6.1
0
.5
.3
5.1
5.3
5.5
5.7
:...
Life insurance
Veterans life insurance (3.6,17)
Private group life insurance (6.11;24) >
Other (6.11 ;27) 2
1. Employer contributions to publicly administered programs are classified as employer contributions for social
insurance. Employer contributions to privately administered programs are classified as other labor income. Consequently, government contributions to privately administered health and life insurance and to workers1 compensation
plans for government employees are classified as other labor income.
2. Consists largely of directors' fees and of judicial fees.
NOTE.—The numbers in parentheses indicate the tables and line numbers from which the entries in this table
are derived.
SURVEY OF CURRENT BUSINESS
114 • August 1998
Table 8.18.—Interest Paid and Received by Sector and Legal Form of
Organization
Table 8.16.—Rental Income of Persons by Type
[Billions of dollars]
Line
1995
1996
181.8
198.4
208.6
164.1
Tenant-occupied (permanent site) ....
Farms owned by nonoperator landlords
104.1
95.3
8.8
114.3
105.4
121.2
111.6
8.9
9.7
48.7
53.0
56.4
5.6
Mobile homes
177.6
5.8
6.9
6.2
15.8
16.3
14.5
Nonfarm nonresidential properties
10
Royalties
Line
Monetary interest paid
200.2
167.3
41.6
Owner-occupied
Permanent site
190.0
152.8
102.3
93.5
8.8
Nonfarm housing
173.8
143.9
Rental income
[Billions of dollars]
1997
172.0
Rental income of persons
1994
15.2
7.9
8.0
8.5
1. Rental income of owner-occupied farm housing is included in farm income as shown in table 8.8.
Domestic business»
Corporate business
Financial
On deposits2
On other liabilities
Nonfinancial
Sole proprietorships and partnerships
Farm
Nonfarm
Other private business
Rental income of persons
Nonprofit institutions serving individuals
Proprietors' income
1994
1995
1996
1997
1,594.1
1,828.5
1,905.8
2,038.1
1,118.4
733.9
1,287.1
874.6
535.5
126.5
409.0
339.1
122.1
1,346.8
1,444.9
990.4
615.1
139.7
475.4
375.3
137.8
10.5
127.4
316.7
299.2
16.3
1.3
431.6
97.0
334.6
302.4
113.3
9.3
916.5
557.3
132.1
425.2
359.2
130.2
9.9
10.3
104.0
112.3
271.1
254.4
14.9
290.4
273.7
119.9
300.0
282.8
15.9
1.3
1.9
15.3
1.4
Persons
[Billions of dollars]
Line
Dividends paid
Domestic corporate business'
Financial
Nonfinancial
Rest of the world 2
Dividends received
1994
1995
1996
1997
300.8
339.6
413.3
437.6
248.3
282.8
349.5
369.6
46.7
201.6
56.5
226.3
79.5
270.1
85.1
284.5
52.5
56.8
63.7
68.1
300.8
339.6
413.3
437.6
97.7
108.4
124.7
134.8
Financial
54.7
43.0
61.5
46.9
71.8
53.0
79.7
55.1
Nonfinancial
20.7
25.8
26.7
27.7
Domestic corporate business2
Rest of the world >
Government
11.4
12.5
13.7
14.8
171.0
192.8
248.2
260.3
182.4
150.6
31.8
171.0
205.3
174.4
30.9
192.8
261.9
224.8
37.1
248.2
275.1
234.7
40.3
260.3
Persons
Addenda:
127.6
143.6
161.5
286.4
222.7
63.7
313.8
249.9
63.9
315.7
252.4
63.3
316.9
253.6
63.3
78.4
75.2
3.2
100.0
96.0
3.9
99.7
95.5
4.2
114.8
111.6
3.2
1,594.1
1,828.5
1,905.8
2,038.1
1,023.1
1,003.7
828.6
175.1
1,208.0 1,270.2 1,373.6
1,183.7 1,235.8 1,329.7
984.5 1,014.8 1,092.7
199.1
221.0
237.0
34.4
24.3
43.8
0
0
0
Rest of the world
To business and persons
To Federal Government
Monetary interest received
Domestic business'
Corporate business
Financial
Nonfinancial
Financiaj sole proprietorships and partnerships3
Other private business
Persons
3
Government
Federal
19.2
.1
310.0
..
State and local
Rest of the world
From business
From Federal Government
Imputed interest paid
Net corporate dividend payments (14+15)
Domestic corporate business (2-7)
Rest of the world (5-10)
Personal income dividends (13-11)
1. Remitted earnings to foreign residents from their unincorporated U.S. affiliates are treated as dividends paid
by domestic corporate business (line 2) and as dividends received by the rest of the world (line 10).
2. Earnings of U.S. residents remitted by their unincorporated foreign affiliates are treated as dividends paid by
the rest of the world (line 5) and as dividends received by domestic corporate business (line 7).
110.9
Government
Federal
State and local
Table 8.17.-Dividends Paid and Received by Sector
Domestic corporate business (financial)
Banks, credit agencies, and investment companies
Life insurance carriers and private noninsured pension plans
Imputed interest received
Domestic business'
Corporate business
Financial
Nonfinancial
Sole proprietorships and partnerships
Farm
Nonfarm
Other private business
318.2
321.9
311.8
133.3
21.6
111.7
147.5
23.9
123.6
148.2
22.7
125.5
151.1
20.9
130.2
127.8
80.7
47.0
154.8
97.5
57.4
165.5
98.1
67.4
201.6
114.2
87.5
438.5
479.1
493.7
541.2
438.5
231.9
206.6
479.1
251.4
227.7
493.7
263.7
230.0
541.2
296.6
244.6
438.5
479.1
493.7
541.2
58.8
41.8
10.8
68.3
70.3
49.3
76.7
54.8
13.4
31.0
47.1
11.3
15.7
.2
35.8
21.0
1.7
19.3
.2
358.1
151.5
206.6
Government
Federal
State and local
Rest of the world
Persons
From banks, credit agencies, and investment companies
From life insurance carriers and private noninsured pension plans
Addenda:
Net interest (57+61)
Domestic business (2+37-23-41)
Corporate (3+37-24-42)
Sole proprietorships and partnerships (8-27-45)
Other private business (11-28-48)
Rest of the world (19-53-55)
Net interest paid by government (16-30-62))
Interest paid by persons (15)
Personal interest income (56+62+63) or (29+49)
12.2
37.1
19.1
.2
41.3
21.7
1.8
19.9
.2
386.7
159.1
227.7
397.5
167.5
230.0
435.5
190.9
244.6
8.2
1.1
7.2
9.6
1.2
8.4
10.3
1.3
9.0
11.9
1.5
10.4
13.3
14.5
15.5
17.1
412.3
475.0
126.9
77.2
270.8
-62.7
144.9
110.9
668.1
420.6
489.9
122.9
76.9
290.1
-69.3
156.7
127.6
704.9
418.6
499.9
125.2
74.9
299.8
-81.3
157.1
143.6
719.4
432.0
535.9
147.1
72.3
316.5
-103.9
153.8
161.5
747.3
16.9
1.2
20.9
1.8
1. Excludes interest paid or received by government enterprises, which is included in the government sector.
2. Consists of interest paid on the deposit liabilities of commercial and mutual savings banks, savings and loan
associations, and credit unions.
3. Interest received by nonfinancial sole proprietorships and partnerships is considered interest received by persons and is included in line 29.
NOTE.—In table 8.18, imputed interest paid (line 36) is the difference between the property income received by
financial intermediaries from the investment of depositors' or beneficiaries' funds and the interest paid by them to
business, persons, and governments, and the rest of the world. In table 8.19, imputed interest (line 55)—the interest
component of imputations that affect GNP—consists of the imputed interest paid by financial intermediaries other
than life insurance carriers and private noninsured pension plans to persons and government, and the interest paid
on owner-occupied housing and on buildings and equipment owned and used by nonprofit institutions serving individuals.
August 1998
SURVEY OF CURRENT BUSINESS
• 115
Table 8.19.—Imputations in the National Income and Product Accounts
[Billions of dollars]
Line
1994
1995
1996 1997
6,955.2 7,287.1 7,674.0 8,102.9
933.9 965.5 1,001.3 1,059.7
Gross national product
Imputations (89+97+102+106+107+111 +112+113+114+115+
116+117+118+121+123).
Excluding imputations (1-2)
6,021.3 6,321.6 6,672.7 7,043.2
Personal consumption expenditures
Imputations (6+7)
Housing services (89+97+114-122)
Other (102+106+111+112+113+115-124)
Excluding imputations (4-5)
4,717.0 4,953.9 5,215.7 5,493.7
740.5 780.2 790.3 835.3
278.5 312.0 314.0 334.7
500.6
468.
462.1
476/
3,976.5 4,173.8 4,425.< 4,658.4
Gross private domestic investment
Imputations (122+123+124)
Excluding imputations (9-10)
1,007.9 1,043.2 1,131.9 1,256.0
196.7 208.6
180.9
171.6
935.2 1,047.4
826.9
871.5
Net exports of goods and services and net receipts of factor income
Imputations (16-19)
Excluding imputations (12-13)
Exports of goods and services and receipts of factor income
Imputations (108)
Excluding imputations (15-16)
Imports of goods and services and payments of factor income ....
Imputations (108)
Excluding imputations (18-19)
-66.4
0
-66.4
-78.8 -101.4
0
0
-78.8 -101.4
897.
1,044.6
13.3
14.r
1,030.1
1,111.0
13.3
14.5
967.0 1,096.5
1,109.3 1,230.9
17.1
15."
1,093.8 1,213.8
-62.7
0
-S2.7
1,188.1 1,332.3
17.1
15.5
1,172.6 1,315.2
Government consumption expenditures and gross investment
Imputations (107+116+117+118+121)
Excluding imputations (21-22)
1,313.0 1,356.4 1,405.2 1,454.6
13.7
15.8
12.4
14.3
1,300.6 1,342.7 1,390.9 1,438.8
Gross national income
Imputations (89+97+102+106+107+111+112+113+114+115+
116+117+118+121+123).
Excluding imputations (24-25)
6,940.6 7,313.6 7,706.2 8,158.7
933.9 965.5 1,001.3 1,059.7
,.
6,006.7 6,348.1 6,704.9 7,099.0
Consumption of fixed capital
Imputations (90+98+103)
Excluding imputations (27-28)
777.5
109.4
800.8
113.5
687.3
832.0
117.1
714.9
871.8
123.8
748.0
Indirect business tax and nontax liability
Imputations (91+99+104)
Excluding imputations (30-31)
568.5
83.7
484.8
581.2
86.1
495.1
88.8
517.6
627.2
91.6
535.6
26.6
.8
25.8
25.1
.1
25.0
22.0
0
22.0
21.9
.1
21.8
Subsidies less current surplus of government enterprises
Imputations (92)
Excluding imputations (33-^34)
National income
Imputations (93+94+100+101 +105+106+107+111+112+113+114+
115+116+117+118+121+123).
Excluding imputations (36-37)
Wage and salary accruals
Imputations (112+113+114)
Excluding imputations (39-40)
5,590.7 5,923.7 6,256.0 6,646.5
741.6 765.9 795.4 844.4
4,849.1 5,157.7 5,460.5 5,802.1
3,254.0 3,441.9 3,640.4
9.8
10.4
10.8
3,244.2 3,431.5 3,629.7 3,882.5
Other labor income
Imputations (115)
Excluding imputations (42-43)
405.0
267.0
138.0
401.6
263.5
138.1
387.0
264.3
122.7
392.9
268.0
124.9
Employer contributions for social insurance
Imputations (116+117+118+121)
Excluding imputations (45-46)
353.0
4.2
348.8
365.3
4.0
361.3
381.7
4.0
377.7
400.7
3.9
396.8
Proprietors' income with inventory valuation and capital consumption
adjustments.
Imputations (101+111+123)
Excluding imputations (48-49)
471.6
488.1
527.7
551.2
5.8
465.8
6.0
482.0
521.1
544.1
Rental income of persons with capital consumption adjustment
Imputations (94)
Excluding imputations (51-52)
124.4
63.8
60.6
133.7
64.9
68.9
150.2
75.2
75.0
158.2
80.2
78.1
Net interest
Imputations (93+100+105+106+107)
Excluding imputations (54-55)
412.3
390.9
21.3
420.6
417.1
3.5
418.6
434.7
-16.1
432.0
474.1
-42.2
Personal income
Imputations (94+101+106+111+112+113+114+115+123-92)
Excluding imputations (57-58)
Interest received by government
Imputations (107)
Excluding imputations (60-61)
Interest paid by persons
Imputations (-93-100-105)
Excluding imputations (63-64)
Government transfer payments to persons
Imputations (-92)
Excluding imputations (66-67)
Personal taxes, outlays, and saving
5,757.9 6,072.1 6,425.2 6,784.0
497.2 503.8 524.3 557.2
i.260.8 5,568.3 5,900.9 6,226.9
141.5
8.2
133.3
157.1
9.6
147.5
158.6
10.3
148.2
163.1
11.9
151.1
110.9
127.6
143.6
161.5
-231.2 -248.4 -256.8 -271.3
342.1 376.0 400.5 432.9
930.9
-.8
931.8
990.1
-.1
990.2
,041.5
0
,041.5
,083.3
-.1
,083.3
5,757.9 6,072.1 6,425.2 6,784.0
1994
1995
1996 1997
497.2 503.1
524.3 557.2
5,260.8 5,568.: 5,900.9 6,226.9
Personal tax and nontax payments
Imputations (-91-99-104)
Excluding imputations (72-73)
739.
-S3.7
822.8
Disposable personal income
Imputations (91+94+99+101+104+106+111+112+113+114+115+12392). .
Excluding imputations (75-76)
795.I
-86:
890.5 989.0
-88.
-91.6
979.3 1,080.5
5,018.9 5.277J 5,534/ 5,795.1
589.9 613.1 648.7
580."
4,438.0 4,687.
4,921.6 5,146.3
4,842.1 5,097.; 5,376.2 5,674.1
509.3 531.8 533.5 564.0
Personal outlays
Imputations
(90+91+94+98+99+101+103+104+106+111+112+113+114+11592-122-124).
Excluding imputations (78-79)
4,332.8 4,565.4 4,842.7 5,110.1
Personal saving
Imputations (122+123+124-90-98-103)
Excluding imputations (81-62)
176.8
71.6
105.2
Gross investment, or gross saving and statistical discrepancy
Imputations (122+123+124)
Excluding imputations (84-85)
179.8
58.1
121.7
158.5
79.6
78.9
121.0
84.8
36.2
1,093.8 1,160.9 1,242.3 1,350.5
180.9
196.7 208.6
171.6
912.9
1,045.; 1,141.9
Specific imputations
Owner-occupied nonfarm housing:
Space rent
Less: Intermediate goods and services consumed
Equals: Gross housing product
Consumption of fixed capital
Indirect Business tax and nontax liability
Subsidies
Net interest
Rental income of persons with capital consumption adjustment ....
87
507.0
67.5
439.5
532.4
69.4
463.0
559.1
72.7
590.3
76.9
513.4
82.2
78.5
.8
215.8
63.8
85.1
80.7
87.7
83.2
0
240.3
75.2
93.0
85.9
.1
254.4
80.2
232!
64.9
Owner-occupied farm housing:
Space rent
Less: Intermediate goods and services consumed
Equals: Gross housing product
5.9
.9
5.0
Consumption of fixed capital
Indirect business tax and nontax liability
Net interest
Proprietors' income with inventory valuation and capital
consumption adjustments.
Rental value of buildings and equipment owned and used by
nonprofit institutions serving individuals.
Consumption of fixed capital
Indirect business tax and nontax liability
Net interest
3.3
.9
43.6
45.2
46.8
48.6
24.3
4.4
•14.9
25.4
4.6
15.3
26.2
4.7
15.9
27.5
4.8
16.3
151.5
8.2
13.3
159.1
9.6
14.5
167.5
10.3
15.5
190.9
11.9
17.1
.5
.3
.5
.3
.4
.2
.5
.3
9.2
9.7
10.1
10.4
.3
.3
267.0
.3
.4
263.5
.3
.4
264.3
.3
.3
268.0
Services furnished without payment by financial intermediaries
except life insurance carriers and private noninsured pension
plans:
To persons
To government
To rest of the world
Farm products consumed on farms
1. Contributions for these programs, for which a social insurance fund is imputed, are set equal to benefits paid.
These payments are funded directly out of current budget.
2. Prior to 1984, all military retirement programs were funded directly out of current budget. With the establishment
of the Military Retirement Trust Fund in October 1984, only the Coast Guard program continues to be funded directly
out of current budget.
3. Consists largely of retirement programs for Public Health Service officers and employees of the judiciary.
4. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities.
Line
Imputations (94+101+106+111 +112+113+114+115+123-92)
Excluding imputations (69-70)
Less: Intermediate goods and services consumed
Equals: Gross farm product
Employment-related:
Food furnished to employees, including military and domestic
service.
Standard clothing issued to military personnel
Employees' lodging
Employer-paid health and life insurance premiums
Employer contributions for social insurance for Federal
Government employees':
Workers'compensation
Unemployment insurance
Retirement programs
Military2
Other
Military medical insurance4
1.5
.4
.8
.6
.2
1.2
Other:
Net purchases of owner-occupied residential structures
Margins on owner-built housing
Net purchases of buildings and equipment owned and used by
nonprofit institutions serving individuals.
165.7
5.4
9.8
156.2
5.6
9.8
177.8
6.2
12.7
184.0
6.7
17.8
NOTES— (1) Only national income and product items for which there are imputations are shown in this table.
(2) In table 8.18, imputed interest paid (line 36) is the difference between the property income received from the
investment of depositors' or beneficiaries' funds and the interest paid by them to business, persons, governments,
and the rest of the world. In table 8.19, imputed interest (line 55)—the interest component of imputations that affect
GNP—consists of the imputed interest paid by financial intermediaries other than life insurance carriers and private
noninsured pension plans to persons and government, and the interest paid on owner-occupied housing and on
buildings and equipment owned and used by nonprofit institutions serving individuals.
SURVEY OF CURRENT BUSINESS
116 • August 1998
Table 8.20.—Relation of Consumption of Fixed Capital in the National Income and Product Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal Revenue Service (IRS)
Table 8.21.-—Relation of Nonfarm Proprietors' Income in the National InA come and Product Accounts (NIPA's) to Corresponding Measures as
Published by the Internal Revenue Service (IRS)
[Billions of dollars]
[Billions of dollars]
Line
1994
1995
1996
1997
2.5
8.9
13.3
10.0
15.2
6.0
5.3
454.1
3.1
1.6
Equals: Capital consumption allowances, NIPA's
463.7
490.5
Less: Capital consumption adjustment
Equals: Consumption of fixed capital, NIPA's
1995
1996
231.8
247.3
287.1
Plus: Adjustments for misreporting on income tax returns
Posttabulation amendments and revisions'
Depletion on domestic minerals
Adjustment to depreciate expenditures for mining exploration,
shafts, and wells.
496.7
3.3
14.3
13.6
4.1
14.0
Depreciation and amortization, IRS
Less: Depreciation of assets of foreign branches
Depreciation or amortization of intangible assets •
Other 2
Plus: Accidental damage to fixed capital other than repairable damage
Depreciation of mining exploration, shafts, and wells charged
to current expense.
Depreciation of motor vehicles not in IRS depreciation3
Depreciation of railroad track charged to current expense 4
Other 5
1994
Net profit (less loss) of nonfarm proprietorships and partnerships,
plus payments to partners, IRS.
Corporations
Line
199.1
-24.1
.8
-1.0
213.7
-28.2
.8
0
224.4
-61.8
3.6
1.1
3.6
4.6
1.1
3.5
6.1
1.1
3.7
415.0
442.7
461.6
Income received by fiduciaries
Income of tax-exempt cooperatives .
523.4
554.0
51.4
59.4
71.4
76.6
412.3
431.1
452.0
477.3
102.4
107.3
113.8
.8
9.3
.7
4.5
2.1
1.1
9.2
.8
.9
1.5
1.9
9.6
.8
.7
1.4
.5
.5
99.1
104.1
108.7
Equals: Nonfarm proprietors' income, NIPA's .
1997
1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written
off, of adjustments for corporate partners and statutory employees, of interest income, and of margins on ownerbuilt housing.
Nonfarm sole proprietorships and partnerships
Depreciation and amortization, IRS
Less: Depreciation or amortization of intangible assets
Adjustment for misreporting on income tax returns
Other6
Plus: Accidental damage to fixed capital other than repairable damage
Depreciation of mining exploration, shafts, and wells charged
to current expense.
Depreciation of motor vehicles not in IRS depreciation3
Equals: Capital consumption allowances, NIPA's
Table 8.22.—Relation of Net Farm Income in the National Income and
Product Accounts (NIPA's) to Net Farm Income as Published by the
U.S. Department of Agriculture (USDA)
[Billions of dollars]
Line
Less: Capital consumption adjustment
21.0
25.4
28.6
30.7
Equals: Consumption of fixed capital, NIPA's
77.6
73.7
75.5
78.0
1. Consists of intangible assets that the IRS allows to be amortized, including computer software.
2. Consists of depreciation or amortization of the following items: Breeding, dairy, and work animals; motion picture films; rental videocassettes; and rental clothing.
3. Consists of depreciation of employees' motor vehicles reimbursed by business and business motor vehicles
charged to current expense.
4. Beginning with 1981, included in IRS depreciation (line 1).
5. Consists of depreciation of assets owned by Federal Reserve banks, Federally sponsored credit agencies,
credit unions, and nonprofit institutions serving business; depreciation of interest paid by public utilities for forceaccount construction prior to 1987 (beginning with 1987, included in line 1); and write-offs of abandoned nuclear
power plants charged to current expense.
6. Consists of depreciation or amortization of rental videocassettes and rental clothing.
Net farm income, USDA
1
Plus: Depreciation and other consumption of farm capital, USDA
Farm housing, NIPA's
Monetary interest received by farm corporations
Valuation adjustment, Commodity Credit Corporation loans
Less: Consumption of fixed capital, NIPA's
Gross rental value of farm housing, USDA
Patronage dividends received from cooperatives
Equals: Farm proprietors' income and corporate profits with
inventory valuation and capital consumption adjustments.
Proprietors'income
Corporate profits
1994
1995
1996
1997
2
3
4
5
6
7
8
9
10
48.2
17.3
58
.
.
6
-4
.
23.7
87
.
.
4
.
8
37.8
35.9
17.5
59
.
.
7
-9
.
24.8
93
.
.
6
12
.
23.3
54.2
17.5
61
.
.
8
-6
.
25.8
98
.
.
7
11
.
40.6
50.5
17.8
63
.
.
6
.
9
26.6
10.2
.
8
13
.
37.3
1
1
12
36.9
.
9
22.4
.
8
38.9
17
.
35.5
18
.
1. Consists largely of salaries paid to corporate officers and to certain farm operators.
August 1998
SURVEY OF CURRENT BUSINESS
•
117
Table 8.23.—Relation of Corporate Profits, Taxes, and Dividends in the
National Income and Product Accounts (NIPA's) to Corresponding
Measures as Published by the Internal Revenue Service (IRS)
Table 8.24.—Relation of Monetary Interest Paid and Received in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS)
[Billions of dollars]
[Billions of dollars]
1997
Line
1994
1995
1
611.2
744.8
2
3
4.0
21.3
9.2
29.2
Line
Total receipts less total deductions, IRS
.. ...
Plus: Adjustment for misreporting on income tax returns
Posttabulation amendments and revisions»
,
Income of organizations not filing corporation income tax
1994
1995
1
585.1
717.8
2
3
78.1
-23.4
-4.5
85.7
-15.4
Interest paid, IRS
-9
Less: Interest paid by foreign branches of commercial banks
Plus: Interest paid by organizations not filing corporation income tax
97.4
99.2
3.0
4
5
1996
1996
1997
916.5
990.4
119.9
127 4
Corporations
Federal Reserve banks
::.
Federally sponsored credit agencies 2
Other 3
Depletion on domestic minerals
Adjustment to depreciate expenditures for mining exploration,
6
7
8
9
17.8
2.1
-24.3
7.6
-3.4
22.2
2.6
-25.6
8.1
-1.9
Federally sponsored credit agencies
;
Hthor 1
'
Interest paid by regulated investment companies reported as
distributions to stockholders.
Adjustment for mutual savings banks and savings and loan
4
c
6
7
.4
State and local corporate profits tax accruals
Interest payments of regulated investment companies
Bad debt expense
:....
10
11
12
29.9
-97.4
67.9
31.7
-99.2
67.8
Other 2 ... . . . .
8
7.7
7.6
9
733.9
874.6
Less: Tax-return measures of:
Gains, net of losses, from sale of property
Dividends received from domestic corporations
Income on equities in foreign corporations and branches, (to
Costs'of trading or issuing corporate securities4
Taxes paid by domestic corporations to foreign governments
on income earned abroad.
Equals: Monetary interest paid by corporations, NIPA's
16.8
•it) C
Nonfarm proprietorships and partnerships
13
14
15
71.0
33.0
62.2
116.5
38.7
64.9
16
17
5.2
6.8
20.3
Interest paid IRS
10
455
52 6
Plus* Interest reported on rental expense schedule
Interest passed through to partners
Interest capitalized on tax returns
Less: Adjustment for misreporting on income tax returns
7.1
11
12
13
54.8
10.1
2.2
57.2
10.0
1.7
:
18
73.4
89.5
Equals: Profits before taxes, NIPA's
19
535.1
635.6
Federal income and excess profits taxes, IRS
20
172.8
21
.7
20.5
29.9
29.2
8.1
734.4
23.4
31.7
33.5
8.9
24
25
26
Equals: Profits tax liability, NIPA's
27
186.6
211.0
226.1
246.1
28
348.5
424.6
454.1
488.3
29
380.9
30
31
-40.0
1.3
32
31.8
30.9
33
2.8
2.8
34
-97.4
35
36
897
7.1
1013
Equals: Net corporate dividend payments, NIPA's
37
182.4
205.3
19
20
21
881.6 1,039.5
.
12.3
115.0
12.7
128.5
20.9
12.8
81 2
25.4
18.9
842
Equals: Monetary interest received by corporations, NIPA's
22
2.4
4.2
23
17.0
24 3
24
1,003.7 1,183.7 1,235.8 1,329.7
Nonfarm proprietorships and partnerships
25
19.2
24.3
34.4
26
19.2
24.3
34.4
43.8
1. Consists of interest paid by nonprofit organizations serving business and by credit unions.
2. Consists of construction interest capitalized on tax returns, interest reported on tax returns in cost of goods
sold, and interest passed through to shareholders by small business corporations.
3. Consists of private noninsured pension plans, nonprofit organizations serving business", credit unions, and other
tax-exempt interest received by commercial banks and nonlife insurance carriers.
4. Consists of interest received by credit agencies and finance companies reported as business receipts on tax
returns, and interest passed through to shareholders by small business corporations.
-99.2
Less* Dividends received by U S corporations
Earnings of U.S. residents remitted by their unincorporated
foreign affiliates.
17
18
Equals: Monetary interest received by sole proprietorships and
partnerships, NIPA's.
-68.2
1.1
16
interest received by financial sole proprietorships and partnerships, -,
IRS.
445.1
Plus: Posttabulation amendments and revisions 6
Dividends paid by Federal Reserve banks and certain federally
sponsored credit agencies 2 .
U.S. receipts of dividends from abroad, net of payments to
abroad
Earnings remitted to foreign residents from their
unincorporated U.S. affiliates.
Interest payments of regulated investment companies
Interest received, IRS
Other 4
Profits after tax, NIPA's (19-27)
Dividends paid in cash or assets, IRS
9.3
112.3
Less: Interest received by foreign branches of commercial banks ........
Plus: Interest received by organizations not filing corporation income
tax returns.
Federal Reserve banks
Federally sponsored credit agencies
Other 3
Adjustment for mutual savings banks and savings and loan
680.2
-.5
22
23
8.6
104.0
Corporations
198.8
Plus: Posttabulation amendments and revisions, including results of
audit and renegotiation and carryback refunds.
Amounts paid to U.S. Treasury by Federal Reserve banks
State and local corporate profits tax accruals
Less: U.S. tax credits claimed for foreign taxes paid
Investment tax credit 5
Other tax credits 5
14
15
Equals: Monetary interest paid, NIPA's
Plus: Income received from equities in foreign corporations and
branches by all U.S. residents, net of corresponding payments.
6.0
261.9
275.1
1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written
off, of adjustments for insurance carriers and savings and loan associations, of amortization of intangible assets,
and of tax-exempt interest income.
2. Consists of the Farm Credit System for 1947 forward and the Federal home loan banks for 1952 forward.
3. Consists of private noninsured pension plans, nonprofit organizations serving business, and credit unions.
4. Includes the imputed financial service charge paid by corporations to domestic securities dealers who do not
charge an explicit commission.
5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26).
6. Consists largely of an adjustment to remove capital gains distributions of regulated investment companies.
10.8
Table 8.25.—Relation of Wages and Salaries in the National Income and
Product Accounts (NIPA's) to Wages and Salaries as Published by
the Bureau of Labor Statistics (BLS)
[Billions of dollars]
Line
Total wages and salaries, BLS'
Plus: Adjustment for misreporting on employment tax returns2 ....
Adjustment for thrift savings plans 3
Adjustment for selected industries4
Other 5
Equals: Wage and salary disbursements, NIPA's ....
Plus: Wage accruals less disbursements, NIPA's ...
Equals: Wage and salary accruals, NIPA's
1994
1995
3,033.7 3,215.9
74.0
8.6
111.3
13.1
78.9
6.4
116.0
11.3
1996
1997
3,414.7 3,669.5
84.0
5.4
115.8
11.2
90.2
4.8
114.3
11.0
3,240.7 3,428.5 3,631.1
13.3
13.4
3,254.0 3,441.9
9.3
3.7
3,640.4 3,893.6
1. Total annual wages of workers covered by State unemployment insurance (Ul) laws and by the Unemployment
Compensation for Federal Employees program. Data for the most recent year are preliminary.
2. Consists of unreported wages and salaries paid by employers and of unreported tips.
3. Consists of voluntary contributions by employees. Prior to 1985, employers were not required to report these
contributions. In 1985, reporting requirements were enacted by over one-half of the States; by 1990, the requirement
had been enacted by almost all States.
4. For the following industries, consists of the difference between estimates from more comprehensive source
data (excluding the adjustments in lines 2 and 3) and BLS wages and salaries: Agriculture, forestry, and fishing;
railroad transportation; health services; educational services; social services; membership organizations; private
households; and the Federal Government.
5. Consists of wages and salaries for insurance agents classifed as statutory employees, for students and their
spouses employed by public colleges or universities, for nonprofit organizations not participating in the Ul program
(in industries not listed in footnote 4), and of other coverage adjustments.
Il8
SURVEY OF CURRENT BUSINESS
• August 1998
Table 8.27.—Quantity Indexes and Percent Change from Preceding IPeriod in Selected Series, Fixed 1992 Weights
Seasonally adjusted
Line
1994
1995
1996
1997
1994
IV
1995
I
ii
I
•
,„
IV
1
1997
1996
IV
III
I
II
in
IV
1998
II
Index numbers, 1992=100
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
Net exports of goods and services
1
106.06
108.98
113.44
119.34
107.44
108.06
108.29
109.31
110.26
111.33
113.15
114.00
115.31
116.85
118.57
120.40
121.53
124.10
125.22
2
106.48
109.52
113.45
118.07
107.69
108.22
109.18
109.97
110.72
111.82
113.26
113.87
114.84
116.25
116.93
119.02
120.07
122.24
124.14
3
4
5
115.45
105.17
10538
122.14
107.34
108.16
132.39
109.94
111.53
146.47
112.69
11526
118.86
106.16
106.27
118.73
106.77
106.89
120.63
107.20
107.94
123.43
107.44
108.63
125.77
107.97
109.18
127.94
108.57
110.33
132.59
109.90
111.18
132.97
110.25
111.98
136.04
111.03
112.62
141.08
112.02
113.54
142.62
111.95
114.46
149.61
113.44
115.88
152.56
113.35
117.17
160.30
115.50
118.21
165.00
117.18
11967
6
123.85
128.50
142.27
164.18
127.76
129.63
126.43
127.05
130.90
134.29
140.03
147.10
147.65
154.61
163.57
166.81
171.74
188.48 192.33
7
8
g
10
11
12
117.33 125.77 139.90
116.93 130.54 146.96
10191 10675 11207
123.46 140.89 162.14
118.34 113.99 122.45
157.64
170.60
11994
192.65
125.61
120.68
121.79
103.42
129.79
117.93
123.46
126.77
106.08
135.77
115.29
124.35 126.02
129.83 131.06
107.40 107.27
139.59 141.41
110.79 113.54
129.27
134.50
106.23
146.80
116.36
133.54
139.43
107.89
153.16
118.98
138.28
143.90
109.82
158.73
124.38
142.50
150.05
112.14
166.55
123.82
145.29
154.45
118.45
170.12
122.62
148.94
159.18
119.61
176.40
123.60
154.86 161.87 164.90 178.28 188.31
166.74 176.60 179.85 196.74 209.12
117.66 121.11 121.37 11992 11858
188.11 200.76 205.31 230.17 248.53
125.49 125.42 127.92 132.62 136.85
13
14
15
16
17
18
19
11245
115.01
10643
122.82
126.42
107 02
12784
133.15
11535
135.63
140.96
112.25
14349
152.67
12190
152.52
160.12
119.15
16867
185.13
12994
179.99
191.20
130.76
118.48
122.55
108.91
128.53
133.42
107.01
121.65
126.00
111.42
131.61
136.08
112.01
124.00
129.00
112.22
134.50
139.83
111.11
130.56
135.95
117.89
136.75
142.40
111.94
135.14
141.64
119.85
139.67
145.53
113.92
137.43
145.39
118.71
144.44
150.73
116.82
140.35
148.28
121.69
149.46
156.61
118.10
142.24
152.37
118.42
155.17
162.97
120.96
153.93
164.63
128.77
161.01
170.19
120.70
159.46
173.46
126.53
170.23
180.41
125.54
167.30 173.42
183.07 190.99
130.19 132.10
177.85 184.38
189.07 195.97
128.62 133.51
174.50
193.02
130.96
187.50
199.37
135.37
17276 16926
190.70 18523
13056 131 69
194.88 19984
207.74 213.75
138.41 13877
20
99.19
99.52
100.89
102.67
99.48
99.61
99.90
99.78
98.80
99.63
101.41
101.22
101.31
101.92
102.61
103.02
103.13
102.88
104.06
21
22
23
24
92.28
89.85
98.28
104.14
89.51
8647
97.00
106.71
88.97 88.03
85 56 8328
97.40 99.75
109.44 113.17
91.36
87.93
99.84
105.31
90.99
87.70
99.12
105.79
90.50
87.75
97.28
106.65
90.00
86.69
98.19
106.79
86.55
83.76
93.41
107.60
88.27
85.19
95.89
107.79
90.11
87.04
97.68
109.52
89.42
85.85
98.21
109.69
88.10
84.17
97.82
110.78
87.57
82.13
101.00
112.21
88.56
84.14
99.49
112.68
88.21
83.66
99.45
113.65
87.77
83.20
99.07
114.15
85.91
79.17
102.57
115.05
87.65
81 16
103.66
115.84
25
3.6
2.7
4.1
5.2
4.1
2.3
0.9
3.8
3.5
3.9
6.7
3.0
4.7
5.5
6.0
6.3
3.8
8.7
3.7
26
3.4
2.9
3.6
4.1
3.4
2.0
3.6
2.9
2.8
4.0
5.3
2.2
3.4
5.0
2.4
7.3
3.6
7.4
6.4
27
28
29
7.5
2.9
2.8
5.8
2.1
2.6
8.4
2.4
3.1
10.6
2.5
3.3
11.6
2.8
2.0
-.4
2.3
2.4
6.5
1.6
4.0
9.6
.9
2.6
7.8
2.0
2.0
7.1
2.3
4.3
15.4
5.0
3.1
1.2
1.3
2.9
9.5
2.9
2.3
15.7
3.6
3.3
4.5
-.3
3.3
21.1
5.4
5.1
8.1
-.3
4.5
21.9
7.8
36
122
5.9
50
Gross private domestic investment
30
13.3
3.8
10.7
15.4
14.6
6.0
-9.5
2.0
12.7
10.8
18.2
21.8
1.5
20.2
25.3
8.1
12.4
45.1
8.4
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
31
32
33
34
35
36
9.0
85
1.0
11.5
10.0
7.2
116
4.7
14.1
-3.7
11.2
126
5.0
15.1
7.4
12.7
16.1
7.0
18.8
2.6
8.5
14.3
2.3
18.9
-4.8
9.5
17.4
10.7
19.8
-8.7
2.9
100
5.1
11.7
-14.7
5.5
3.8
-.5
5.3
10.3
10.7
10.9
-3.8
16.1
10.3
13.9
15.5
6.4
18.5
9.3
14.9
13.4
7.3
15.4
19.4
12.8
18.2
8.7
21.2
-1.8
8.1
12.3
24.5
8.9
-3.8
10.4
12.8
4.0
15.6
3.2
16.9
20.4
-6.4
29.3
6.2
19.4
25.8
12.2
29.8
-.2
7.7
7.6
.9
9.4
8.2
36.6
432
-4.7
58.0
15.5
245
27 7
-44
35.9
134
Net exports of goods and services
37
38
39
40
41
42
43
90
10.9
4.3
12.6
14.2
5.1
137
15.8
8.4
10.4
11.5
4.9
122
14.7
5.7
125
13.6
6.1
176
21.3
6.6
180
19.4
9.7
16.7
20.5
7.3
10.4
12.6
-1.1
11.1
11.7
9.6
10.0
8.2
20.0
7.9
9.9
2.9
9.1
11.5
-3.2
22.9
23.3
21.8
6.9
7.6
3.0
14.8
17.8
6.8
8.8
9.1
7.3
7.0
11.0
-6.8
14.4
15.1
10.6
8.8
8.2
10.4
14.7
16.5
4.5
5.5
11.5
-10.3
16.2
17.3
10.0
37.2
36.3
39.8
15.9
18.9
-.9
15.2
23.2
-6.8
25.0
26.3
17.0
21.2
24.1
12.1
19.1
20.6
10.2
15.5
18.4
6.0
15.5
15.4
16.1
2.5
4.3
-3.4
6.9
7.1
5.7
-39
-4.7
-1.2
167
179
9.3
-79
-110
44
.1
.3
1.4
1.8
-4.0
.5
1.2
-.5
-3.9
3.4
7.3
-.8
.3
2.4
2.7
1.6
.4
-1.0
4.7
45
46
47
48
-3.7
-48
-1.1
2.6
-3.0
-38
-1.3
2.5
-.6
-11
.4
2.6
-1.1
-27
2.4
3.4
-11.9
-19.1
6.8
1.3
-1.6
-1.0
-2.9
1.9
-2.2
.2
-7.2
3.3
-2.2
-4.7
3.8
.5
-14.5
-12.8
-18.1
3.1
8.2
7.0
11.1
.7
8.6
9.0
7.7
6.6
-3.0
-5.3
2.2
.6
-5.8
-7.6
-1.6
4.1
-2.4
-9.3
13.7
5.3
4.6
10.1
-5.9
1.7
-1.6
-2.3
-.1
3.5
-2.0
-22
-1.5
1.8
-82
-180
14.9
3.2
83
104
43
2.8
Exports
Goods
Services
Goods
Services
Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local
Percent change from preceding period
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Exports
Goods
Services
Imports
Goods
Services
.
Government consumption expenditures and gross
investment.
Federal
.
National defense
Nondefense
State and local
NOTE.—Fixed-weighted quantity indexes shown in this table are calculated using the detailed composition of output
in 1992 as weights for each aggregate and component.
35
106
121
1.1
SURVEY OF CURRENT BUSINESS
August 1998
119
Annual NIPA Revision: Revised Estimates for 1982-94
THIS SECTION PRESENTS estimates for the national in-
come and product accounts (NIPA'S) that have been
revised as a result of a redefinition of dividend payments in this year's annual revision of the NIPA'S.
(For a discussion of the redefinition, see the section
"Changes in Methodology" in the article "Annual Revision of the National Income and Product Accounts"
in this issue.)
All the series that are affected by the redefinition
have been revised back to 1982. Below is a listing of
the individual lines (or columns) in the NIPA tables
that are affected.
The revised estimates for 1982-94 are presented beginning on the next page. (The revised estimates for
1995 forward are included in the presentation of the
"National Income and Product Accounts Tables" in
this issue.) All the tables except for table 8.1 are presented in their entirety, though only the specified line
(or column) items have been revised; for table 8.1,
only the revised line items are presented because of
space considerations. £ 2
Lines and Columns in NIPA Tables Affected by the Redefinition of Dividend
Payments
Table
number
1.9
1.14
1.16
2.1
2.8
2.9
5.1
6.20B
6.20C
6.21 B
6.21C
8.1
8.3
8.17
8.19
8.23
8.26
Lines affected
Columns affected
Remarks
23, 26.
,
25, 26, 31 32, 35.
13, 14.
1,14,26, 31,32,33,34,36.
1, 13.
1 , 3 , 8 , 9 , 1 0 , 1 1 , 13.
3, 4, 5.
2,51,60.
2, 51, 60.
2,51,60.
2,51,60.
106, 107.
3,4,11.
1,2,3,6,12,13,14,16.
57,59,69,71,75,77,81,83.
30, 37
1,10,12,16,18, 19,20
Footnote 6 added to line 30.
Title of line 12 changed.
SURVEY OF CURRENT BUSINESS
120 • August 1998
Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1992
1993
1994
5,438.7
5,743.8
5,916.7
6,244.4
6,558.1
6,947.0
3,178.6
3,231.6
144.7
169.0
177.5
156.2
137.9
150.8
176.5
95.1
131.7
154.8
156.4
140.5
126.8
132.1
168.3
4,701.3
5,062.6
5,452.8
5,764.9
5,932.4
6,255.5
6,576.8
6,955.2
545.8
447.0
496.3
49.2
98.7
85.3
13.4
582.2
478.0
522.9
44.9
104.2
89.8
14.4
625.4
515.1
547.7
32.6
110.3
94.8
15.6
651.5
534.3
547.0
12:7
117.3
100,9
16.3
679.9
556.4
557.1
.7
123.5
106.4
17.1
713.5
585.4
575.4
-10.0
128.2
110.2
18.0
727.9
594.5
599.1
4.6
133.4
114.3
19.1
777.5
638.6
647.3
8.7
138.8
118.2
20.6
3,917.2
4,155.5
4,480.5
4,827.4
5,113.4
5,252.5
5,542.0
5,848.9
344.7
23.9
23.3
25.1
364.8
24.2
-15.4
31.0
385.5
25.4
-47.3
28.5
414.7
26.3
13.2
24.2
442.6
26.5
17.4
25.3
478.1
26.3
10.1
23.6
505.6
28.4
44.8
27.1
532.5
28.2
52.6
31.1
3,383.4
3,550.3
3,813.0
4,145.3
4,397.3
4,652.1
4,761.6
4,990.4
304.0
293.8
333.2
382.1
380.0
397.1
411.3
428.0
318.5
345.5
,
.2
472.3
75.4
438.5
15.1
337.2
375.9
-.2
508.4
79.4
468.7
17.8
363.1
402.0
0
543.3
86.3
498.0
20.7
372.2
423.3
0
560.0
90.2
522.5
20.8
462.8
0
595.5
104.2
556.8
20.8
456.6
491.2
0
674.5
126.3
604.9
21.1
467.3
518.5
.1
704.4
134.9
666.5
21.3
448.0
543.5
-.1
699.2
137.7
749.1
20.8
2,894.4
3,211.4
3,440.9
3,639.6
3,877.8
4,178.9
4,496.4
4,796.2
3,477.4
3,509.4
3,069.2
3,897.5
3,928.5
3,441.0
4,178.3
4,198.7
3,694.1
4,398.9
4,411.8
3,904.3
4,707.8
4,716.7
4,146.6
5,096.9
5,110.0
4,467.4
5,425.4
5,439.6
4,813.2
5,7264
5,747.5
5,092.3
1982
1983
1984
1985
1986
1987
3,242.1
3,514.5
3,902.4
4,180.7
4,422.2
4,692.3
5,049.6
96.9
97.6
118.7
108.1
106.5
116.0
65.8
65.6
87.6
87.7
93.6
107.1
3,273.2
3,546.5
3,933.5
4,201.0
4,435.1
424.3
.346.2
325.9
-20.3
78.1
66.1
12.0
445.3
365.2
369.3
4.1
80.1
69.5
10.6
461.5
378.4
412.3
33.9
83.1
70.6
12.5
486.6
399.5
462.4
62.9
87.1
75.3
11.9
517.9
424.4
478.0
53.6
93.5
80.8
12.6
2,848.9
3,101.3
3,472.0
3,714.5
256.4
15.2
-2.5
21.1
280.1
16.2
37.1
25.6
309.5
18.6
5.0
25.5
329.6
20.9
2.4
21.9
2,600.8
2,793.3
3,164.4
182.3
235.2
290.1
264.9
280.6
0
379.2
63.8
396.3
11.8
275.9
301.9
-.4
403.2
71.0
426.6
12.8
Equals: Personal income
2,724.1
Addenda:
Gross domestic income
Gross national income
Net domestic product
3,244.6
3,275.7
2,817.8
Line
1982
III
Gross domestic product
.
Plus: Receipts of factor income from the rest of the
world.
Less: Payments of factor income to the rest of the
world.
Equals: Gross national product
Less: Consumption of fixed capital
.,
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
.
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons ..
Business transfer payments to persons
IV
3,259.1
3,299.1
1X53.1
96.9
•- 92.4
67.5
67.6
3,210.0
3,267.1
3,288.4
3,327.3
410.7
336.2
312.2
-24.0
74.5
64.7
418.9
343.1
320.7
-22.4
75.8
65.8
10.0
432.3
347.9
330.0
-17.9
84.5
66.7
17.8
435.2
357.6
340.6
-17.0
77.5
67.2
10.3
6,177.7
2,799.3
2,848.2
2,856.1
2,892.2
568.5
30.5
14.6
26.6
252.3
14.3
-1.5
17.6
253.6
15.4
-11.9
18.1
257.5
15.4
-3.8
26.0
262.3
15.9
7.3
22.8
5,266.8
5,590.7
2,551.8
2,609.2
2,612.9
2,629.5
492.8
570.5
176.0
186.0
414.3
571.4
-15.8
667.2
137.9
835.7
22.5
402.5
596.0
4.4
651.0
147.1
889.8
22.1
412.3
630.5
13.3
668.1
171.0
930.9
23.7
261.8
276.4
-.1
372.6
64.1
374.6
11.3
276.2
279.8
389.1
62.6
386.7
11.7
263.2
282.5
0
379.6
63.0
403.9
12,0
258.2
283.8
0
375.4
65.4
419.9
12.3
4,965.6
5,255.7
5,481.0
5,757.9
2,660.3
2,717.3
2,739.1
2,779.7
5,906.6
5,922.3
5,236.8
6,199.7
6,210.7
5,530.9
6,505.5
6,524.2
5,830.2
6,932.4
6,940.6
6,169.5
3,180.1
3,211.4
2,768.0
3,243.5
3,279.0
2,812.7
3,262.9
3,292.2
2,826.8
3,291.7
3,320.0
2,863.9
L 0
64.1
180.6
Seasonally adjusted at annual rates
1984
1983
Line
IV
I
1985
IV
II
I
I
IV
:......
3,361.0
3,469.2
3,563.3
3,664.6
3,791.1
3,879.7
3,942.2
3,996.7
4,081.2
4,134.8
4,221.4
4,285.3
4,358.2
4,385.6
4,443.3
4,501,7
Plus: Receipts of factor income from the rest of the
world.
Less: Payments of factor income to the rest of the
world.
89.0
94.3
101.1
106.0
111.3
120.0
124.3
119.2
107.4
110.2
104.8
110.0
111.1
108.3
104.1
102.4
60.3
62.7
68.2
71.2
79.8
87.8
92.1
90.9
87.2
92.7
95.6
90.6
95.3
3,389.7
3,500.8
3,596.2
3,699.5
3,822.7
3,911.9
3,974.5
4,025.0
4,101.3
4,158.1
4,238.4
4,306.4
4,376.6
4,398.2
4,456.7
4,508.7
431.6
352.9
350.8
-2.1
78.7
68.2
10.4
436.9
357.3
361.8
4.5
79.6
69.1
10.5
444.6
364.1
372.4
8.3
80.5
69.9
10.6
468.1
386.5
392.2
5.8
81.6
70.9
10.8
451.2
370.8
386.1
15.4
80.4
69.5
10.9
454.3
372.9
405.8
32.9
81.4
70.3
11.1
465.5
378.2
418.2
40.0
87.3
70.8
16.5
475.0
391.8
439.3
47.5
83.2
71.8
11.4
473,6
389.1
448.2
59.1
84.5
72.9
11.6
479.8
394.3
459.1
64.9
85.5
73.7
11.8
492.4
403.9
468.3
64.4
88.5
76.6
11.9
500.5
410.6
474.0
63.4
89.9
77.8
12.1
504.8
414.0
473.2
59.2
90.9
78.6
12.3
513.3
420.9
476.2
55.3
92.3
79.8
12.5
522.4
428.2
479.5
51.3
94.3
81.5
12.7
531.0
434.7
483.2
48.5
96.4
83.4
13.0
2,958.1
3,063.9
3,151.6
3,231.4
3,371.5
3,457.6
3,509.0
3,550.0
3,627.7
3,678.3
3,746.0
3,805.9
3,871.8
3,885.0
3,934.3
3,977.7
266.7
15.8
24.5
23.4
277.8
16.1
32.6
26.2
284.5
16.1
46.9
26.6
291.6
17.0
44.6
26.3
300.7
17.5
28.9
28.4
307.3
18.3
9.5
23.9
312.2
19.0
-€.8
27.7
317.7
19.7
-11.7
21.9
321.4
19.9
-11.3
21.3
331.6
20.6
-3.6
20.9
331.9
21.1
3.1
22.0
333.6
22,1
21.3
23.4
345.4
23.3
5.0
24.0
339.2
23.9
23.3
25.0.
344.6
24.2
36.0
25.5
2,674.5
2,763.7
2,830.7
2,904.4
3,052.8
3,146.3
3,212.3
3,246.1
3,319.0
3,350.6
3,411.8
3,452.2
3,522.0
3,523.6
3,555.0
3,600.5
201.5
238.6
252.9
247.7
285.4
297.1
290.0
287.8
301.2
300.0
318.9
295.7
315.9
294.9
277.3
287.1
259.8
295.0
0
378.7
68.0
422.8
12.6
268.9
299.5
-1.3
392.1
70.0
429.7
M2.7
282.3
303.7
-.4
412.7
72.2
425.1
12.8
292.6
309.5
0
429.3
73.8
428.8
13.2
296.6
337.1
.2
440.0
75.0
433.9
14.0
315.9
343.4
.2
464.2
75.9
437.3
14.8
331.3
348.9
0
490.2
75.1
439.7
15.5
330.3
352.7
.6
495.0
75.7
442.9
16.2
329.3
368.8
.1
496.5
77.7
461.9
17.0
333.9
373.0
-1.0
505.6
79.0
465.5
17.5
338.3
377.6
0
509.2
79.9
471.8
18.0
347.2
384.4
0
522.3
80.8
475.7
18.8
363.7
395.3
0
542.2
84.1
487.9
20.0
362.5
398.6
0
543.1
86.5
494.4
20.7
367.2
403.3
0
546.3
87.2
502.8
21.0
359.0
410.8
0
541.5
87.4
506.8
20.9
2,800.4
2,862.4
2,915.0
2,999.8
3,096.4
3,181.9
3,262.7
3,304.6
3,372.7
3,412.4
3,455.9
3,522.4
3,581.3
3,612.3
3,664.5
3,700.1
3,336.5
3,365.2
2,929.5
3,436.6
3,468.2
3,032.3
3,516.3
3,549.3
3,118.6
3,620.0
3,654.9
3,196.5
3,762.3
3,793.8
3,339.9
3,870.1
3,902.3
3,425.4
3,949.1
3,981.3
3,476.8
4,008.3
4,036.6
3,521.7
4,092.5
4,112.6
3,607.6
4,138.4
4,161.7
3,655.0
4,218.3
4,235.3
3,729.0
4,264.0
4,285.1
3,784.7
4,353.2
4,371.6
3,853.4
4,362.3
4,374.9
3,872.3
4,407.3
4,420.7
3,920.9
4,472.9
4,479.9
3,970.6
Gross domestic product
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances .,:
Less: Capital consumption adjustment
Government
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
;.
;
Contributions for social insurance
Wage accruals less disbursements
,....
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons ..
Business transfer payments to persons
Equals: Personal income '.
Addenda:
Gross dornestic income
Gross national income
Net domestic product
-•
:
87.8
349.6.
24.3
28.8
25.6
August 1998
SURVEY OF CURRENT BUSINESS
•
121
Table 1,9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
..:
1990
III
I
Gross domestic product
1988
1987
Line
IV
I
4,835.9
4,898.2
5,000.4
5,094.5
5,205.3
5,316.8
5,413.2
5,486.9
5,537.8
5,660.6
139.5
145.8
155.8
162.7
171.4
169.8
172.0
173.6
173.3
173.1
190.0
158.7
157.9
IV
I
III
II
IV
I
IV
4,565.7
Plus: Receipts of factor income from the rest of the
world.
Less: Payments of factor income to the rest of the
world.
4,645.1
4,722.6
106.2
~
114.7
118.4
124.8
137.8
121.8
126.3
135.0
143.6
150.5
160.6
155.3
153.0
152.5
156.4
5,750.8
5,782.2
5,781.7
98.7
109.6
4,573.2
4,655.6
4,731.4
4,844.9
4,914.2
5,013.5
5,105.3
5,217.5
5,329.0
5,424.0
5,501.4
5,556.8
5,681.6
5,767.6
5,796.6
5,813.8
536.2
438.7
488.0
Equals: Gross national product
104.1
115.9
541.9
443.8
548.0
448.9
493.1
49.2
498.8
49.9
99.1
85.6
568.4
466.3
512.4
46.0
102.0
88.0
14.0
577.5
474.2
519.5
45.3
103.3
89.0
14.3
586.0
481.0
526.5
45.5
105.0
90.6
14.5
596.8
490.4
533.3
42.9
106.4
91.7
14.7
605.5
497.6
541.3
43.7
107.9
92.9
15.0
613.4
504.0
545.8
41.8
109.3
94.1
15.2
638.5
527.5
551.7
24.1
110.9
95.5
15.5
644.4
531.3
552.0
20.7
113.1
96.6
16.5
639.1
524.6
546.0
21.4
114.5
98.6
16.0
646.0
530.2
546.2
13.6
556.9
456.7
505.2
48.5
100.2
86.5
13.7
665.3
544.6
548.7
4.0
120.7
104.0
16.7
84.3
13.1
84.7
13.3
16.2
655.7
537.7
547.1
9.4
118.0
101.5
16.5
4,037,1
4,113.7
4,183.4
4,287.9
4,345.8
4,436.1
4,519.3
4,620.7
4,723.5
4,810.7
4,862.9
4,912.4
5,042.5
5,121.6
5,140.9
5,148.5
355.1
24.1
9.6
28.9
362.3
24.5
-12.1
31.3
369.1
24.3
-29.9
31.6
372.9
23.7
-29.3
32.3
377.0
25.2
-43.5
32.5
381.7
25.6
-45.3
27.8
388.1
25.0
395.2
25.9
-51.3
28.0
-49.1
25.6
403.8
26.7
-20.1
24.8
411.3
25.9
9.7
24.0
420.6
25.9
24.7
23.5
423.2
26.5
38.8
24.4
432.1
26.1
44.4
23.8
436.1
26.8
18.7
24.5
447.3
26.9
17.6
25.7
455.0
26.4
-11.0
27.3
3,677.2
3,770.2
3,851.5
3,952.8
4,019.7
4,101.9
4,185.5
4,274.2
4,338.0
4,387.8
4,415.2
4,448.4
4,563.7
4,664.5
4,674.8
4,705.4
295.8
330.1
352.7
354.1
357.4
372.5
389.8
408.7
381.0
383.9
384.4
370.5
396.4
421.8
379.2
390.9
358.4
416.5
0
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
367.2
420.4
0
551.6
88.3
521.8
389.2
389.9
383.8
452.8
0
582.3
459.7
0
458.9
511.1
0
579.9
101.3
553.8
20.7
680.5
124.8
597.4
21.1
465.3
493.5
0
682.3
129.2
610.0
20.9
456.2
497.5
0
98.3
549.6
20.5
484.9
0
653.7
119.0
587.7
21.8
463.4
488.9
0
93.7
529.0
20.4
419.3
472.7
0
619.7
111.1
565.1
.21.3
441.6
431.0
-.2
584.5
402.5
466.0
0
600.3
106.0
558.8
20.8
681.6
132.3
624.3
20.8
690.6
136.2
649.2
21.3
465.0
516.2
0
701.1
136.5
656.5
21.5
467.7
522.4
0
711.6
134.7
669.3
21.3
477.5
524.3
.2
714.2
132.1
691.0
21.1
49.2
97.5
General government
Government enterprises
Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.
Equals: National income
Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons ..
Business transfer payments to persons
98.1
16.0
115.8
99.6
21.1
21.1
374.1
425.4
.2
562.8
90.7
525.1
20.7
Equals: Personal income
3,771.1
3,835.3
3,898.4
4,006.4
4,070.3
4,141.3
4,213.2
4,290.6
4,412.6
4,475.4
4,514.4
4,583.2
4,694.5
4,777.1
4,842.4
4,870.9
Addenda:
Gross domestic income
Gross national income
Net domestic product
4,556.1
4,563.6
4,029.6
4,657.2
4,667.7
4,103.2
4,752.5
4,761.3
4,174.6
4,865.2
4,874.1
4,279.0
4,941,7
4,957.7
4,329.8
5,045.7
5,058.9
4,422.9
5,145.8
5,156.6
4,508.5
5,254.3
5,266.6
4,608.5
5,336.9
5,349.2
4,711.2
5,403.6
5,414.3
4,799.9
5,462.3
5,476.7
4,848.5
5,499.0
5,518.0
4,893.4
5,616.1
5,637.2
5,021.4
5,732.1
5,748.9
5,104.8
5,764.6
5,779.0
5,126.5
5,792.7
5,824.8
5,116.4
541.3
.88.0
514.1
Seasonally adjusted at annual rates
III
I
IV
I
III
IV
I
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
.-...<
,..
III
IV
5,892.5
5,95Q.2
6,002.1
6,121.8
6,201.2
6,271.7
6,383.1
6,444.5
6,509.1
6,574.6
6,704.2
6,794.3
6,911.4
6,986.5
7,095.7
174.0
156.0
148.1
146.6
140.7
143.3
133.8
133.9
145.6
148.9
153.2
155.6
161.1
168.3
181.9
194.6
147.1
143.8
138.7
132.2
124.2
132.3
124.3
126.4
122.1
132.7
130.9
142.7
144.2
159.3
176.1
193.5
5,904.7
5,959.6
6,016.5
6,138.3
6,212.2
6,281.1
6,390.5
6,468.1
6,525.3
6,596.9
6,717.1
6,811.2
6,920.3
6,992.3
7,096.8
671.9
550.7
552.4
676.4
553.1
555.1
690.4
565.0
562.9
687.2
560.9
564.3
1.6
121.1
104.3
16.8
2.0
123.2
106.2
680.9
556.6
558.1
1.5
-2.2
125.4
108.0
3.4
126.3
108.7
17.0
107.0
17.3
17.4
17.6
692.4
564.7
568.4
3.6
127.7
109.9
17.8
770.1
641.5
590.4
-51.1
128.6
110.5
18.1
704.3
574.3
578.5
4.2
130.0
111.6
18.4
721.8
590.5
598.0
7.5
131.3
112.6
18.7
720.7
588.1
592.1
4.1
132.7
113.6
19.0
735.3
601.1
601.7
.5
134.2
115.0
19.2
733.6
598.1
604.5
6.4
135.5
116.0
19.5
823.3
685.2
663.8
-21.3
138.1
116.9
21.2
753.1
614.9
631.6
16.7
138.1
118.0
20.2
762.2
623.3
642.2
18.9
138.9
118.5
20.5
771.4
631.2
651.5
20.3
140.2
119.5
20.7
5,176.9
5,228.3
5,278.7
5,326.1
5,451.1
5,519.7
5,510.9
5,686.2
5,746.2
5,804.6
5,861.5
5,987.9
6,167.3
6,230.1
6,325.4
464.7
26.0
-5.2
24.4
472.9
26.3
6.9
22.7
483.7
26.0
18.5
23.5
491.2
26.8
20.1
23.6
495.7
27.6
24.5
24.6
497.9
28.5
37.4
25.4
507.1
28.6
52.7
26.9
521.7
28.8
64.6
31.5
520.6
27.8
71.0
33.0
525.9
27.7
46.9
32.8
534.4
28.2
47.5
30.2
549.4
29.0
45.0
28.5
556.9
29.7
6.3
28.1
564.4
30.1
42.4
25.9
573.2
30.7
15.2
25.1
579.4
31.5
-5.4
27.4
4,715.8
Equals: Gross national product
Less: Consumption of fixed capital
Private
Capital consumption allowances
Less: Capital consumption adjustment
Government
General government
Government enterprises
1994
1993
I
5,848.8
Plus: Receipts of factor income from the rest of the
world.
Less: Payments of factor income to the rest of the
world.
Equals: Personal income
IV
5,821.9
Gross domestic product
Addenda:
Gross domestic income
Gross national income
Net domestic product
1992
1991
Line
4,744.9
4,774.1
4,811.7
4,927.9
4,981.5
4,949.5
5,102.6
5,159.8
5,236.9
5,281.7
5,388.7
5,423.2
5,556.3
5,636.1
5,747.3
420.9
408.8
407.2
444.2
437.2
376.1
454.6
459.2
478.2
492.8
541.2
512.0
562.0
590.1
617.7
460.4
536.8
.2
446.6
546.0
0
697.0
139.2
754.1
20.8
434.3
550.3
0
692.3
136.9
774.0
21.1
419.2
565.1
0
417.5
570.1
0
674.1
132.8
816.4
21.9
673.0
133.9
831.0
22.5
408.1
574.8
0
661.2
138.6
842.5
22.8
412.4
575.7
-63.0
660.4
146.2
853.0
22.9
411.2
585.3
70.1
660.3
140.5
874.9
22.3
404.6
594.0
-.1
653.7
144.1
886.0
22.0
398.9
598.7
-.1
647.8
149.3
895.3
22.0
395.4
606.1
-52.2
642.1
154.6
903.1
22.2
397.2
619.2
52.4
641.4
159.1
917.3
23.1
405.6
628.2
.3
656.4
166.8
926.2
23.6
415.6
633.4
.3
674.1
174.5
934.8
24.0
430.7
641.2
.3
705.4
136.4
725.6
20.8.
450.6
540.9
-.4
702.2
138.1
742.5
20.7
700.4
183.6
945.4
24.4
4,885.7
4,948.5
4,985.4
5,043.0
5,144.7
5,217.0
5,255.5
5,405.4
5,332.1
5,466.1
5,505.7
5,620.3
5,583.3
5,733.1
5,804.1
5,911.2
5,827.1
5,854.0
5,150.0
5i885.5
5,897.7
5,216.1
5,931.7
5,941.1
5,269.3
5,982.1
5,996.4
5,311.7
6,097.4
6,113.8
5,434.7
6,163.8
6,174.8
5,508.8
6,219.0
6,228.4
5,501.5
6,318.4
6,325.9
5,678.8
6,373.5
6,397.0
5,722.7
6,462.2
6,478.4
5,788.4
6,527.1
6,549.4
5,839.2
6,659.2
6,672.0
5,970.6
6,788.0
6,804.9
5,971.0
6,869.0
6,878.0
6,158.3
6,971.3
6,977.1
6,224.4
7,101.1
7,102.2
6,324.3
124.3
122 • August 1998
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
1985
1986
1987
1988
2,793.3
3,164.4
3,383.4
3,550.3
3,813.0
4,145.3
4,397.3
2,044.2
1,684.8
324.5
1,360.3
359.4
182.2
177.2
2,257.0
1,855.3
347.8
1,507.5
401.7
212.8
188.9
2,425.7
1,995.7
373.5
1,622.1
430.0
226.9
203.1
2,572.4
2,116.5
396.6
1,720.0
455.9
239.9
216.0
2,757.7
2,272.7
423.1
2,973.9
2,453.6
450.4
1,849.5
485.0
249.7
235.4
2,003.2
520.3
268.6
251.7
3,151.6
2,598.1
479.4
2,118.7
553.5
280.4
273.1
191.9
248.7
268.6
279.5
305.1
335.3
14.5
23.4
4.1
12.8
23.2
31.6
23.6
31.5
24.2
32.1
31.5
39.2
27.5
35.1
-8.9
165.1
158.2
-.6
7.5
-6.7
187.8
172.2
-.7
16.3
-8.4
225.5
199.7
-.5
26.3
-7.9
245.0
210.5
-.2
34.8
-7.9
255.3
39.4
-7.7
273.6
238.2
-1.0
36.4
46.5
46.1
50.1
48.1
41.5
75.0
-28.5
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
1984
179.6
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
1983
1,927.6
1,593.9
307.3
1,286.7
333.7
168.3
165.4
National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
1982
2,600.8
Line
75.1
-28.9
79.4
-29.4
79.3
-31.2
73.0
-31.5
215.9
0
1990
1991
1992
1993
1994
4,652.1
4,761.6
3,352.8
2,757.5
517.2
2,240.3
595.2
294.6
300.6
3,457.9
2,827.6
546.0
2,281.5
630.4
307.7
322.7
4,990.4
5,266.8
5,590.7
2,551.8
2,609.2
2,612.9
2,629.5
3,644.9
2,970.6
567.8
2,402.9
674.3
323.0
351.3
3,814.9
3,094.0
584.3
2,509.7
720.8
335.7
385.1
4,012.0
3,254.0
602.2
2,651.8
758.0
353.0
405.0
1,899.9
1,573.5
300.2
1,273.3
326.4
165.4
161.0
1,919.5
1,587.3
304.3
1,283.0
332.1
167.9
164.2
1,939.0
1,293.6
336.5
169.4
167.1
1,952.0
1,612.4
315.7
1,296.7
339.7
170.5
169.2
357.4
374.0
36.3
43.9
35.4
43.3
376.5
423.8
450.8
471.6
167.4
182.0
177.9
191.0
29.3
37.2
37.1
45.2
32.4
40.4
36.9
44.8
15.7
24.5
14.0
22.9
13.2
22.1
14.9
24.0
-7.7
307.8
272.0
-1.5
37.3
-7.7
321.1
284.8
-1.4
37.7
-7.8
338.6
312.7
-1.2
27.1
-7.9
347.2
325.0
-.1
22.4
-8.1
386.7
-8.0
418.4
392.7
-1.1
26.8
-7.9
434.7
363.1
-.7
24.3
-8.9
168.0
161.8
-.6
• 20.4
-8.8
151.7
148.3
-3.2
6.7
-8.9
164.6
156.2
.8
7.7
-9.1
176.1
166.5
.6
44.8
55.1
51.7
61.0
67.9
79.4
105.7
124.4
46.6
45.5
46.2
47.7
77.9
-33.1
90.1
-35.0
91.4
-39.7
99.1
-38.1
107.5
-39.6
127.5
-48.1
148.5
-42.8
172.0
-47.6
74.2
-27.6
73.5
-28.1
74.5
-28.3
77.6
-29.9
415.0
1982
1,602.5
308.9
9.0
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
182.3
235.2
290.1
304.0
293.8
333.2
382.1
380.0
397.1
411.3
428.0
492.8
570.5
176.0
186.0
176.7
63.1
113.6
66.7
46.9
-9.9
15.5
203.7
212.8
77.2
135.5
74.4
61.2
-9.1
31.5
238.5
244.2
94.0
150.1
79.3
70.9
-5.6
51.5
230.5
229.9
272.9
293.6
127.1
166.5
96.0
70.5
-20.7
60.2
325.0
354.3
137.0
217.3
111.1
106.3
-29.3
57.1
330.6
348.1
141.3
206.8
134.4
358.2
371.7
140.5
231.2
143.9
87.3
-13.5
38.9
378.2
374.2
133.4
240.8
147.2
33.1
398.9
406.4
143.0
263.4
147.9
115.5
-7.5
29.1
456.9
465.4
165.2
300.2
157.6
142.6
-8.5
36.0
519.1
535.1
186.6
348.5
182.4
166.1
-16.1
51.4
164.4
176.3
49.6
.5
73.5
234.0
222.6
106.5
116.1
91.4
24.7
11.4
59.8
47.0
-12.0
11.6
172.3
181.6
65.3
116.3
65.6
50.7
-9.4
13.7
178.7
65.2
113.5
66.0
47.5
-9.8
17.7
161.6
170.3
59.3
111.0
68.4
42.5
-8.6
19.0
Net interest
264.9
275.9
318.5
337.2
363.1
372.2
467.3
448.0
414.3
402.5
412.3
261.8
276.2
263.2
258.2
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow
30
96.5
133.4
83.9
72.4
-17.5
49.3
93.6
4.0
62.4
113.9
66.9
180.6
119.2
157.9
196.1
207.5
187.3
206.1
245.1
238.7
256.6
277.9
285.0
327.6
383.8
113.6
120.6
121.4
121.3
276.0
322.0
363.6
383.6
374.2
402.9
447.5
440.1
463.0
495.2
513.4
558.5
613.8
263.4
276.5
280.1
283.8
52.5
83.6
116.8
123.6
95.9
110.0
134.0
104.3
112.7
130.8
137.1
170.1
201.4
46.7
55.1
55.4
52.9
223.5
-9.9
285.9
238.4
-9.1
331.1
246.9
-5.6
369.3
260.0
.5
383.1
278.3
11.4
362.8
292.9
-20.7
423.6
313.5
-29.3
476.9
335.8
-17.5
457.5
350.3
-13.5
476.5
364.5
4.0
491.3
376.4
-7.5
520.9
388.4
-8.5
567.0
412.3
-16.1
629.8
216.8
-12.0
275.4
221.5
-9.4
285.9
224.7
-9.8
289.9
230.9
-8.6
292.5
Seasonally adjusted at annual rates
Line
1984
1983
1985
1986
I
2,674.5
2,904.4
3,052.8
3,146.3
3,212.3
3,246.1
3,319.0
3,350.6
3,411.8
3,452.2
3,522.0
3,523.6
3,555.0
3,600.5
2,019.8
1,662.0
322.7
1,339.3
357.8
181.0
176.8
2,062.1
2,116.0
1,748.3
329.5
1,418.9
367.7
186.3
181.4
2,186.3
2,236.9
2,402.9
2,442.1
1,946.6
365.2
2,009.4
376.5
1,455.4
392.3
207.8
184.5
1,581.4
421.2
222.9
198.3
1,976.5
369.7
1,606.8
426.5
225.3
201.1
2,489.9
2,050.2
382.7
1,667.5
439.7
208.1
2,524.2
2,078.1
387.8
1,690.3
446.1
236.2
209.8
2,546.8
1,838.1
344.5
1,493.6
398.8
211.5
187.3
2,322.6
1,911.4
356.9
1,554.5
411.2
217.0
194.2
2,367.8
1,794.1
338.7
2,282.2
1,877.6
351.2
1,526.3
404.6
214.9
189.8
1,702.8
451.1
237.9
213.2
2,583.9
2,125.7
399.0
1,726.7
458.2
240.3
217.9
2,634.9
2,166.7
406.8
1,760.0
468.2
245.3
222.9
188.0
190.4
200.1
236.4
250.3
258.5
249.6
268.4
265.1
266.4
274.3
271.9
275.7
287.2
283.0
13.4
22.2
6.4
15.2
-4.2
4.4
21.7
30.2
23.8
32.3
22.7
31.1
24.5
32.7
25.9
34.0
22.9
30.8
21.5
29.3
24.0
31.8
20.1
27.9
20.5
28.4
28.1
36.1
28.0
35.9
-8.9
174.6
163.3
-1.2
12.5
-8.7
184.0
170.0
-1.2
15.1
-8.6
193.2
176.3
-.3
17.2
-8.5
199.3
179.3
-.3
20.2
-3.5
214.7
192.3
-.4
22.8
-6.5
226.5
202.1
-.7
25.1
-6.4
235.8
208.6
-.3
27.5
-8.3
225.1
195.7
-.5
29.9
-8.1
242.5
210.2
.5
-7.9
245.0
209.2
0
-7.8
251.8
-7.9
255.2
-7.9
255.0
39.3
215.4
0
39.8
-7.9
259.1
219.8
-.4
35.8
-7.8
250.2
214.1
-1.2
37.3
211.4
1.0
31.9
-8.0
242.2
208.4
-.2
34.0
46.2
46.0
44.3
48.0
48.1
46.0
50.3
55.9
52.3
48.8
46.1
45.1
46.3
74.7
-28.4
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
2,830.7
1,629.8
319.0
1,310.8
349.2
178.2
171.0
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
.,
Proprietors'income
Inventory valuation adjustment
Capital consumption adjustment
2,763.7
1,979.0
National income
Compensation of employees
Wage and salary accruals
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
74.3
-28.4
74.5
-30.1
76.8
-28.8
77.0
-28.9
75.2
-29.2
79.9
-29.6
85.6
-29.7
82,2
-29.9
78.6
-29.8
78.4
-32.3
77.8
-32.7
77.2
-30.8
1,699.2
326.9
1,372.3
362.9
183.3
179.6
1,632.9
432.7
227.8
204.9
231.6
2,095.7
392.9
39.7
216.8
-.7
39.0
43.8
39.4
36.4
74.9
71.0
-31.7
68.7
-32.3
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
201.5
238.6
252.9
247.7
285.4
297.1
290.0
287.8
301.2
300.0
318.9
295.7
315.9
294.9
277.3
287.1
172.8
172.7
58.9
113.8
71.2
42.5
.1
28.7
206.1
216.3
217.0
235.9
245.5
258.6
101.4
95.5
129.1
82.0
47.1
5.2
244.0
234.2
99.7
134.6
84.5
50.1
9.8
51.6
83.9
141.3
79.8
61.5
.8
61.7
71.5
225.1
224.7
93.0
131.7
83.5
48.2
.4
74.8
223.0
236.2
97.8
138.3
85.5
63.7
-10.3
32.6
233.3
232.8
87.5
145.3
79.1
66.2
.5
56.7
229.8
224.6
88.4
147.5
75.6
71.9
-18.9
35.8
249.3
260.1
103.3
156.8
78.7
78.1
-10.8
36.1
226.1
225.3
79.4
137.0
73.3
218.8
226.2
82.2
143.9
77.3
66.6
-7.4
29.0
74.9
72.8
251.2
215.1
102.5
112.5
89.0
23.6
36.1
64.8
234.1
215.8
102.7
113.1
91.5
21.6
18.3
60.8
219.7
220.1
104.4
115.7
92.4
23.3
-.3
57.6
231.0
239.4
116.4
123.0
92.7
30.3
-8.4
56.1
Net interest
259.8
268.9
282.3
292.6
296.6
315.9
331.3
330.3
329.3
333.9
338.3
347.2
363.7
362.5
367.2
359.0
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow
,
30
157.2
79.7
77.5
-13.1
52.9
-13.2
32
33
34
35
142.6
159.3
164.4
165.5
182.1
195.7
202.5
203.8
205.7
206.9
219.3
197.9
213.4
192.2
173.0
170.8
299.5
317.8
323.8
347.0
345.2
358.2
369.1
382.0
377.3
381.0
397.0
379.3
395.8
376.8
361.4
363.1
88.2
103.5
116.1
123.4
124.1
123.7
123.5
134.8
112.4
124.4
100.7
80.5
78.0
242.1
-13.1
371.3
245.7
.5
368.6
258.0
.8
381.2
253.6
5.2
372.1
257.5
.4
380.6
262.2
9.8
387.3
266.9
-13.2
392.5
271.3
36.1
359.7
276.1
18.3
358.4
280.9
-.3
285.0
-8.4
371.4
71.4
85.9
228.1
.1
299.3
231.9
-10.3
328.1
234.9
-18.9
342.7
258.8
-7.4
354.4
241.7
-10.8
356.0
361.7
August 1998
SURVEY OF CURRENT BUSINESS
• 123
Table 1.14.—National Income by Type of Income—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
1989
1987
Line
1990
IV
III
3,677.2
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors'income
Inventory valuation adjustment
Capital consumption adjustment
3,851.5
3,952.8
4,019.7
4,101.9
4,185.5
4,274.2
4,338.0
4,387.8
4,415.2
4,448.4
4,563.7
4,664.5
4,674.8
2,728.8
2,246.9
420.4
1,826.5
481.8
248.2
233.7
2,773.8
2,287.3
425.1
2,844.1
2,087.1
540.4
277.2
263.2
2,578.1
474.8
2,103.3
549.1
279.4
269.7
3,165.4
2,607.1
482.8
2,124.3
558.4
281.9
276.5
3,217.5
2,651.3
491.1
2,160.2
566.2
283.1
283.1
2,199.6
581.5
290.1
291.4
3,344.7
2,753.0
514.3
2,238.6
591.7
294.0
297.8
3,384.9
2,784.5
520.8
509.0
263.2
245.9
3,053.4
2,521.4
460.0
2,061.5
532.0
273.9
258.0
3,285.5
497.2
253.4
243.8
3,000.0
2,476.3
452.7
2,023.6
523.7
270.4
253.3
3,127.3
1,914.4
2,952,3
2,435.7
447.6
1,988.1
516.6
266.9
249.6
3,096.4
2,556.0
468.9
1,862.2
486.6
250.9
235.7
2,889.9
2,380.9
441.3
1,939.6
2,263.6
600.5
296.4
304.0
2,788.8
529.4
2,259.3
607.1
297.9
309.2
296.5
302.7
308.1
313.1
330.1
339.0
340.5
331.6
361.9
356.5
352.3
358.9
367.7
375.4
378.6
374.4
29.3
37.1
31.6
39.3
31.5
39.2
33.7
41.3
38.9
46.6
30.6
38.2
27.9
35.5
12.5
20.2
39.0
46.6
38.4
45.9
33.2
41.1
34.5
42.2
35.5
43.3
38.3
46.0
34.9
42.8
33.1
41.0
-7.7
267.1
230.6
-.5
37.1
-7.7
271.1
236.1
-1.4
36.3
-7.7
276.5
241.4
-.9
36.0
-7.6
279.5
244.5
-1.0
36.0
-7.7
291.2
255.8
-1.1
36.5
-7.6
308.4
272.7
-1.2
37.0
-7.6
312.6
276.9
-1.9
37.7
-7.7
319.1
282.7
-1.6
38.0
-7.5
322.9
285.9
-2.5
39.5
-7.5
318.1
281.0
-2.1
39.1
-8.0
319.1
282.0
-.3
37.4
-7.6
324.4
290.4
-7.8
337.1
-.8
34.8
-7.8
332.2
302.2
-1.0
31.0
309.4
-.4
28.2
-7.9
343.7
319.7
-1.7
25.6
-7.9
341.3
319.6
-1.9
23.6
42.4
41.6
42.9
52.3
52.4
54.2
52.7
61.2
57.0
56.8
47.7
45.2
55.1
57.6
64.4
66.7
74.9
-52.5
74.4
-32.9
76.3
-33.4
86.0
-33.7
-34.4
-34.9
87.8
-35.1
96.7
-35.5
93.0
-35.9
93.5
-36.7
91.9
-44.2
87.3
-42.1
92.8
-37.7
95.4
-37.8
102.7
-38.4
105.3
-38.6
295.8
330.1
352.7
354.1
357.4
372.5
408.7
381.0
383.9
384.4
370.5
421.8
379.2
390.9
236.8
255.5
111.1
144.4
93.6
50.8
-18.7
270.0
294.4
293.7
316.1
135.5
299.0
327.9
126.9
201.0
104.7
96.3
-28.9
58.4
332.4
359.8
139.5
220.3
113.1
107.2
-27.4
57.4
353.7
377.3
146.3
231.0
118.3
112.6
-23.6
55.1
92.7
-•6.7
54.6
330.0
350.5
143.7
206.7
132.7
74.0
-20.5
53.9
338.4
329.9
133.0
196.9
137.4
59.5
8.5
46.0
327.8
339.1
134.7
204.4
140.8
63.6
-11.2
42.7
353.4
354.7
133.0
221.7
144.8
76.9
-1.3
43.1
381.1
373.4
141.2
232.2
145.5
86.7
7.7
40.7
341.9
381.9
148.0
233.9
143.8
90.1
-40.0
37.4
356.5
376.7
139.7
237.1
141.5
80.7
-22.4
60.5
314.9
352.4
135.3
217.1
108.1
108.9
-37.4
57.6
326.4
373.1
153.8
219.3
126.6
58.9
127.1
167.3
94.1
73.2
-24.4
60.0
291.2
308.4
134.6
173.8
96.6
77.1
-17.2
61.5
95.6
-20.3
34.4
358.4
367.2
374.1
389.2
389.9
383.8
402.5
419.3
441.6
463.4
465.3
456.2
458.9
465.0
467.7
477.5
184.7
202.9
218.0
218.6
230.4
237.2
250.3
262.4
227.2
240.1
251.4
235.9
263.5
280.6
231.2
251.2
378.8
399.6
415.1
418.0
431.4
440.0
452.7
466.0
427.5
438.0
454.6
440.3
462.5
482.7
439.9
467.0
,
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow
3,770.2
2,684.2
2,209.6
414.5
1,795.1
474.6
246.3
228.3
National income
Compensation of employees
:.,
Wage and salary accruals
»
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
30
2,346.9
432.6
2,704.0
504.3
4,705.4
3,395.9
91.1
108.8
121.4
118.8
125.8
129.1
137.2
144.1
100.6
107.4
114.0
95.1
118.6
135.1
87.5
109.7
287.7
-18.7
397.4
290.8
-24.4
424.0
293.7
-17.2
432.3
299.2
-22.4
440.4
305.7
-28.9
460.3
310.9
-37.4
477.4
315.5
-27.4
480.1
321.9
-23.6
326.9
-46.7
474.2
330.5
-20.5
458.4
340.5
8:5
446.0
345.2
-11.2
451.5
343.9
-1.3
463.9
347.6
7.7
475.0
352.5
-40.0
480.0
357.3
-20.3
487.2
III
IV
I
II
Seasonally adjusted at annual rates
1991
Line
1994
1993
1992
I
II
III
IV
I
II
III
IV
1
1
4,715.8
4,744.9
4,774.1
4,811.7
4,927.9
4,981.5
4,949.5
5,102.6
5,159.8
5,236.9
5,281.7
5,388.7
5,423.2
5,556.3
5,636.1
5,747.3
Compensation of employees
Wage and salary accruals ..
Government
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
2
3
4
5
6
7
8
3,405.7
2,789.5
541.5
2,248.0
616.2
303.8
312.4
3,440.7
2,814.7
544.9
2,269.8
626.0
306.3
319.7
3,474.2
2,838.8
546.9
2,292.0
635.4
309.1
326.3
3,511.0
2,867.1
550.8
2,316.3
643.8
311.4
332.4
3,577.1
2,916.5
561.4
2,355.1
660.7
319.9
340.8
3,626.5
2,956.2
567.2
2,389.0
670.3
322.7
347.6
3,669.2
2,988.2
569.8
2,418.3
681.0
325.1
355.9
3,707.0
3,021.7
572.5
2,449.2
685.3
324.2
361.1
3,749.3
3,045.5
581.1
2,464.5
703.8
330.0
373.8
3,796.3
3,079.3
581.5
2,497.7
717.0
334.7
382.3
3,837.6
3,111.0
586.3
2,524.7
726.6
337.1
389.5
3,876.2
3,140.4
588.4
2,552.0
735.8
340.9
394.9
3,937.4
3,190.7
596.0
2,594.8
746.7
347.1
399.5
3,988.0
3,232.3
601.3
2,631.0
755.6
352.0
403.7
4,028.7
3,267.2
603.5
2,663.7
761.5
354.6
406.9
4,093.9
3,325.9
608.0
2,717.8
768.1
358.3
409.8
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
9
National income
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment
IV
362.4
378.7
378.9
385.7
410.2
420.8
426.6
437.4
440.3
452.2
446.2
464.4
463.9
474.7
471.6
476.1
26.5
34.4
33.4
41.2
27.3
35.2
30.0
37.9
35.9
43.7
37.1
44.9
39.0
47.8
36.5
44.4
29.7
37.7
36.3
44.2
25.6
33.8
38.0
46.0
46.4
54.3
38.8
46.7
33.2
41.1
291
37.0
12
-7.9
3360
313.0
-7.9
345.4
323.3
-7.9
351.7
329.9
-7.9
355.8
333.7
-7.9
374.4
350.8
-8.8
387.6
364.4
-7.9
401.0
376.3
-6.2
420.6
394.8
-.2
-.3
-.5
-.2
22.1
22.6
23.8
-7.9
417.5
408.1
-1.8
11.2
-7.9
435.9
410.9
22.2
-8.0
410.6
383.5
-1.2
28.4
-8.0
416.0
389.0
22.6
-7.9
383.8
360.7
-1.3
24.4
23.3
-7.9
4384
416.6
-1.4
23.2
-7 9
447 0
4243
-1 0
23.7
13
14
15
3
16
-.9
-.4
24.1
25.1
-.4
-.5
27.4
26.3
-8.0
426.5
403.4
-2.4
25.4
1.8
17
66.3
66.0
67.1
72.3
77.2
79.5
69.5
91.2
99.7
105.6
106.1
111.5
112.7
126.0
130.1
128.9
18
19
104.6
-38.3
104.4
-38.4
105.8
-38.8
115.2
-42.9
115.3
-38.2
118.1
-38.6
145.4
-75.9
131.1
-39.8
144.8
-45.1
146.6
-41.0
149.4
-43.3
153.3
-41.9
171.2
-58.4
169.0
-43.0
174.0
-43.9
173.9
-45.0
20
420.9
408.8
407.2
408.4
444.2
437.2
376.1
454.6
459.2
478.2
492.8
541.2
512.0
562.0
590.1
617.7
21
22
23
24
375.5
368.7
132.3
236.4
147.6
88.8
373.8
374.6
136.0
238.6
148.7
89.9
411.4
411.1
143.9
267.2
142.6
124.6
420.5
420.3
149.7
270.6
156.4
114.2
-.8
32.7
33.0
504.1
508.9
184.9
324.0
165.4
158.6
-4.8
37.1
470.8
475.1
163.0
312.1
170.2
141.9
33.4
444.4
461.5
165.4
296.1
154.5
141.6
-17.1
33.8
459.8 ,
459.6
161.2
298.4
159.8
138.6
6.8
404.3
426.2
150.9
275.2
144.0
131.3
-21.9
32.9
359.4
368.0
127.6
240.4
148.7
91.7
33.3
375.2
382.8
135.2
247.6
146.5
101.0
-7.6
33.3
535.0
556.2
194.6
3616
186.0
175.6
-21.2
55.1
560.3
5839
206.2
377 7
1953
1824
-23.6
57.4
450.6
446.6
434.3
419.2
28
388.3
370.7
130.1
2407
145.8
94.9
17.6
32.6
Net interest
29
460.4
III
10
11
Corporate profits with inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation and
capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
...
Equals* Net cash flow
II
25
26
27
%
.3
-&6
.2
16.7
34.1
419.2
431.7
149.2
282.5
150.7
131.8
-12.5
40,0
41.2
510.2
525.3
182.8
342.5
178.1
164.4
-15.1
51.8
417.5
408.1
412.4
411.2
404.6
398.9
395.4
397.2
405.6
415.6
430.7
411.5
.2
30
290.8
276.5
271.2
273.2
300.3
286.3
248.5
304.9
309.9
312.8
331.5
356.3
348.9
379.3
395.5
31
507.2
492.2
487.7
493.8
526.2
513.0
489.8
524.7
542.3
543.3
564.7
583.5
604.0
604.0
617.7
629.4
32
145.1
128.8
122.5
126.6
157.6
142.3
99.8
148.4
159.2
158.3
171.8
191.0
178.7
201.2
209.5
216.2
33
34
35
362.1
17.6
489.6
363.4
6.8
485.5
365.2
-.8
488.6
367.1
-7.6
501.4
368.6
.3
525.9
370.7
-21.9
534.9
389.9
-8.6
498.3
376.3
.2
524.5
383.0
-12.5
554.8
385.0
-17.1
560.4
393.0
.2
564.6
392.6
-4.8
588.3
425.3
-4.3
608.3
402.8
-15.1
619.1
408.2
-21.2
638.9
413.1
-23.6
653.0
SURVEY OF CURRENT BUSINESS
124 • August 1998
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars
Seasonally adjusted at annual rates
Line
1982
1983
1984
1985
1986
1987
1989
1988
1990
1991
1992
1993
1994
1982
I
II
III
IV
1,957.7
Billions of dollars
1
1,943.6
2,097.5
2,345.5
2,505.5
2,635.4
2,834.3
3,058.6
3,226.4
3,382.3
3,462.9
3,616.2
3,820.8
4,107.6
1,916.6
1,943.1
1,956.9
Consumption of fixed capital
2
223.5
238.4
246.9
260.0
278.3
292.9
313.5
335.8
350.3
364.5
376.4
388.4
412.3
216.8
221.5
224.7
230.9
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
. ., ...............
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
...
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
3
4
1,720.1
185.4
1,859.1
203.8
2,098.6
226.7
2,245.5
.244.2
2,357.1
259.2
2,541.4
272.4
2,745.1
290.4
2,890.6
309.9
3,032.0
327.2
3,098.4
353.0
3,239.8
373.9
3,432.4
397.4
3,695.2
429.2
1,699.9
182.7
1,721.6
183.6
1,732.2
185.9
1,726.8
189.6
5
6
7
8
9
1,534.7
1,301.1
1,079.3
221.8
154.9
1,655.3
1,374.8
1,139.7
235.1
204.6
1,871.9
1,524.3
1,266.7
257.5
257.4
2,001.3
1,635.4
1,364.3
271.1
270.6
2,097.9
1,733.2
1,445.3
287.9
259.2
2,269.0
1,859.1
1,551.5
307.6
291.5
2,454.7
1,999.2
1,671.0
328.3
331.4
2,580.7
2,106.1
1,760.1
346.0
322.0
2,704.8
2,222.0
1,851.9
370.1
331.3
2,745.4
2,264.6
1,875.8
388.9
342.6
2,865.9
2,387.7
1,969.0
418.7
363.1
3,035.0
2,500.7
2,049.3
451.4
419.0
3,266.0
2,642.0
2,164.8
477.2
497.1
1,517.2
1,288.8
1,070.3
218.5
149.4
1,538.0
1,298.3
1,077.2
221.1
157.7
1,546.3
1,307.7
1,084.3
223.4
160.8
1,537.2
13095
1,085.3
224.1
151.8
10
11
12
13
14
15
16
17
149.3
63.1
863
50.3
35.9
-9.9
15.5
78.7
182.2
77.2
104 9
62.0
43.0
-9.1
31.5
75.9
211.5
94.0
117.4
66.7
50.7
-5.6
51.5
90.3
196.5
96.5
100.0
71.9
28.2
.5
73.5
95.3
187.9
106.5
81.4
73.5
8.0
11.4
59.8
105.5
252.0
127.1
124.9
79.6
45.3
-20.7
60.2
118.3
303.6
137.0
166.6
79.8
86.8
-29.3
57.1
124.1
290.1
141.3
148.8
106.1
42.7
-17.5
49.3
152.7
305.9
140.5
165.5
122.9
42.6
-13.5
38.9
151.4
305.5
133.4
172.1
125.6
46.5
4.0
33.1
138.2
341.5
143.0
198.5
124.5
74.0
-7.5
29.1
115.1
391.6
165.2
226.4
136.8
89.6
-8.5
36.0
115.3
461.8
186.6
275.1
150.6
124.5
-16.1
51.4
126.9
149.8
62.4
87.3
55.4
31.9
-12.0
11.6
78.9
153.3
65.3
88.0
42.8
45.1
-9.4
13.7
82.1
152.8
65.2
87.6
48.3
39.3
-9.8
17.7
77.8
1415
59.3
821
548
27.3
-86
19.0
759
Gross domestic product of financial corporate
business.
18
120.2
147.2
158.0
186.2
219.1
244.6
253.4
275.5
298.3
330.8
353.5
390.4
397.8
107.8
115.0
124.1
133.7
Gross domestic product of nonfinancial
corporate business.
19
1,823.4
1,950.3
2,187.5
2,319.3
2,416.3
2,589.6
2,805.2
2,950.9
3,084.0
3,132.1
3,262.6
3,430.4
3,709.7
1,808.8
1,828.1
1,832.8
1,824.0
Gross domestic product of corporate business
Consumption of fixed capital
20
209.7
222.7
228.7
238.9
253.2
263.6
279.7
297.4
308.4
320.2
330.5
340.3
360.7
203.8
208.0
210.7
216.4
Net domestic product
..
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
.
.
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends \
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
..
21
22
1,613.7
172.1
1,727.6
189.0
1,958.8
210.2
2,080.4
224.4
2,163.1
235.8
2,326.1
246.7
2,525.5
263.5
2,653.5
280.8
2,775.6
296.8
2,811.9
318.0
2,932.2
337.0
3,090.1
358.5
3,349.0
389.0
1,605.0
170.2
1,620.1
170.5
1,622.1
172.3
1,607.6
175.5
23
24
25
26
27
1,441.6
1,217.0
1,009.8
207.2
142.1
1,538.6
1,280.5
1,060.9
219.6
181.5
1,748.6
1,421.7
1,180.5
241.2
239.0
1,856.0
1,521.9
1,268.0
254.0
243.5
1,927.3
1,603.2
1,334.3
268.9
226.0
2,079.3
1,715.5
1,428.6
286.9
258.6
2,262.0
1,846.7
1,540.7
306.0
294.3
2,372.7
1,950.0
1,627.6
322.5
276.7
2,478.8
2,056.0
1,711.8
344.2
275.3
2,493.9
2,090.6
1,729.9
360.7
269.7
2,595.1
2,195.3
1,808.9
386.5
295.6
2,731.6
2,290.7
1,874.0
416.7
346.4
2,960.1
2,426.7
1,985.4
441.2
437.1
1,434.8
1,209.3
1,004.7
204.7
142.9
1,449.6
1,215.7
1,009.0
206.7
147.7
1,449.8
1,221.9
1,013.5
208.4
146.1
1,432.1
1,221.0
1,012.2
208.8
131.6
28
29
30
31
32
33
34
35
133.7
46.3
87 4
53.3
34 2
-9.9
183
82.5
157.4
59.4
97.9
64.2
338
-9.1
332
76.6
191.0
73.7
117.3
67.8
49.5
-6.6
53.7
87.8
167.6
69.9
97.6
72.3
25.4
.5
75.4
90.6
151.5
75.6
75.9
73.9
2.1
11.4
63.1
98.1
214.9
93.5
121.4
75.9
45.5
-20.7
64.4
105.3
260.6
101.7
158.8
79.4
79.4
-29.3
63.1
121.0
237.0
98.8
138.3
103.5
34.8
-17.5
57.2
145.9
237.3
95.7
141.6
118.4
23.3
-13.5
51.5
147.5
218.1
85.4
132.8
124.6
8.2
4.0
47.6
133.7
257.8
91.1
166.7
133.6
33.1
-7.5
45.3
104.2
308.6
105.0
203.6
147.7
55.9
-8.5
46.3
94.5
392.3
128.8
263.5
158.6
104.9
-16.1
60.8
96.3
140.7
47.2
93.5
57.8
35.7
-12.0
14.2
82.6
140.4
48.8
91.6
46.7
44.9
-9.4
16.6
86.2
135.2
47.8
87.4
51.3
36.1
-9.8
20.6
81.8
1184
41.2
773
57.3
200
-8.6
218
79.5
Billions of chained (1992) dollar
Gross domestic product of nonfinancial
corporate business1.
Consumption of fixed capital
Net domestic product3 .,
2
See footnotes at the end of the table.
36
2,298.8
2,405.1
2,641.2
2,747.3
2,835.4
2,973.9
3,130.1
3,179.8
3,210.2
3,168.8
3,262.6
3,374.4
3,586.3
2,306.6
2,311.2
2,297.9
2,279.6
37
38
2452
2,053.6
252 9
2,152.2
263.2
2,378.1
276.4
2,470.9
287.5
2,547.9
295.9
2,678.0
303.1
2,827.0
312.9
2,866.9
316.4
2,893.8
322.4
2,846.4
330.5
2,932.2
335.1
3,039.3
349.8
3,236.5
241.3
2,065.3
243.6
2,067.6
245.0
2,052.8
251 0
2,028.6
SURVEY OF CURRENT BUSINESS
August 1998 •
125
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars—Continued
Seasonally adjusted at annual rates
1983
Line
I
II
1985
1984
III
IV
I
II
III
IV
1986
II
I
III
IV
I
II
III
IV
2,684.0
Billions of dollars
1
1,991.8
2,070.6
2,127.6
2,199.8
2,272.1
2,331.4
2,367.6
2,410.8
2,449.8
2,482.2
2,536.9
2,553.3
2,617.7
2,611.1
2,628.7
2
228.1
231.9
234.9
258.8
241.7
242.1
245.7
258.0
253.6
257.5
262.2
266.9
271.3
276.1
280.9
285.0
3
4
1,763.7
193.2
1,838.8
202.4
1,892.7
207.2
1,941.1
212.5
2,030.4
219.9
2,089.3
224.6
2,122.0
228.4
2,152.8
233.8
2,196.2
236.6
2,224.7
245.5
2,274.6
246.1
2,286.4
248.7
2,346.3
260.6
2,335.1
254.2
2,347.9
258.7
2,398.9
263.3
5
6
7
8
9
1,570.5
1,323.8
1,097.1
226.7
173.5
1,636.4
1,353.5
1,121.7
231.8
208.9
1,685.5
1,386.7
1,149.7
237.0
222.1
1,728.6
1,435.3
1,190.3
245.0
213.7
1,810.5
1,472.9
1,222.3
250.6
255.0
1,864.7
1,510.9
1,254.9
256.0
264.6
1,893.5 1,919.0
1,543.2 1,570.1
1,282.9 .1,306.8
260.2
263.3
254.0
255.9
1,959.6
1,595.8
1,330.0
265.8
270.1
1,979.2
1,620.2
1,351.6
268.6
264.6
2,028.5
1,645.3
1,373.2
272.2
287.9
2,037.7
1,680.4
1,402.6
277.8
259.7
2,085.8
1,703.6
1,420.9
282.7
278.7
2,080.9
1,715.4
1,430.5
284.9
261.2
2,089.2
1,739.6
1,450.4
289.1
242.9
2,135.7
1,7741
1,479.2
294.9
254.0
10
11
12
13
14
15
16
17
144.7
58.9
85.8
60.9
24.9
.1
28.7
73.2
186.6
79.4
107.2
59.6
47.7
-10.3
32.6
74.0
205.2
88.4
116.7
62.4
54.3
-18.9
35.8
76.7
192.2
82.2
109.9
64.9
45.0
-7.4
29.0
79.5
229.6
103.3
126.4
67.8
58.6
-10.8
36.1
82.6
226.0
101.4
124.7
67.0
57.6
-13.1
51.6
89.2
198.6
87.5
111.1
67.2
43.9
.5
56.7
94.5
191.5
83.9
107.6
64.9
42.6
.8
61.7
94.9
193.5
95.5
98.0
67.5
30.4
5.2
71.5
93.8
189.4
93.0
96.3
76.8
19.5
.4
74.8
94.3
203.2
99.7
103.5
70.1
33.4
9.8
74.9
95.3
200.1
97.8
102.3
73.0
29.3
-13.2
72.8
97.6
177.8
102.5
75.3
71.3
4.0
36.1
64.8
103.4
182.0
102.7
79.3
77.0
2.3
18.3
60.8
104.3
185.6
104.4
81.2
70.8
10.5
-.3
57.6
106.8
2062
116.4
898
74.7
151
-S.4
561
107.6
Gross domestic product of financial corporate
business.
18
141.4
148.0
148.3
150.8
154.1
156.4
156.9
164.6
175.2
184.4
189.2
196.2
209.0
217.7
221.1
228.3
Gross domestic product of nonfinancial
corporate business.
19
1,850.4
1,922.6
1,979.3
2,049.0
2,118.0
2,175.1
2,210.7
2,246.1
2,274.6
2,297.8
2,347.7
2,357.1
2,408.6
2,393.4
2,407.6
2,455.7
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
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability '.
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
.
Consumption of fixed capital
20
213.1
216.5
219.0
242.2
224.6
224.3
227.2
238.8
233.7
236.8
240.7
244.4
247.9
251.6
255.1
258.1
Net domestic product
...
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
'.
Inventory valuation adjustment
Capital consumption adjustment
Net interest
21
22
1,637.2
179.0
1,706.1
187.6
1,760.3
192.2
1,806.8
197.1
1,893.4
204.1
1,950.7
208.6
1,983.6
211.8
2,007.4
216.3
2,041.0
218.4
2,061.0
226.0
2,107.0
225.8
2,112.7
227.4
2,160.7
238.3
2,141.8
231.3
2,152.5
234.9
2,197.5
238.7
23
24
25
26
27
1,458.2
1,232,6
1,021.3
211.4
"•150.3
1,518.5
1,260.2
1,043.8
216.4
183.1
1,568.1
1,291.6
1,070.0
221.5
199.5
1,609.7
1,337.8
1,108.4
229.3
193.0
1,689.3
1,373.5
1,138.9
234.6
234.4
1,742.2
1,409.9
1,170.0
239.9
245.1
1,771.7
1,439.3
1,195.5
243.8
240.8
•1,791.1
1,464.1
1,217.4
246.7
235.7
1,822.6
1,487.6
1,238.5
249.2
245.1
1,835.0
1,508.8
1,257.1
251.7
236.2
1,881.2
1,530.3
1,275.4
254.9
260.5
1,885.3
1,561.0
1,300.9
260.1
232.2
1,922.3
1,579.5
1,315.2
264.4
245.2
1,910.6
1,587.7
1,321.6
266.2
225.2
1,917.6
1,607.8
1,337.9
269.9
211.0
1,958.9
1,637.7
1,362.6
275.1
222.8
28
29
30
31
32
33
34
35
119.5
41.3
78.2
62.6
15.6
.1
30.6
75.3
159.1
61.3
97.9
62.0
35.8
-10.3
34.2
75.3
181.1
70.8
110.3
65.0
45.3
-18.9
37.3
77.1
169.8
64.5
105.4
67.0
38.3
-7.4
30.5
78.9
207.0
82.9
124.1
68.7
55.4
-10.8
38.2
81.4
204.4
80.9
123.5
67.8
55.8
-13.1
53.8
87.1
181.4
68.0
113.4
68.1
45.3
.5
58.9
91.5
171.0
62.8
108.2
66.8
41.4
.8
63.9
91.3
166.7
69.5
97.2
69.1
28.1
5.2
73.2
89.8
159.2
65.8
93.4
76.1
17.3
.4
76.6
89.9
173.9
73.2
100.7
71.1
29.6
9.8
76.8
90.4
170.5
71.2
99.3
72.8
26.4
-13.2
74.9
92.1
141.7
71.2
70.5
72.4
-1.9
36.1
67.4
97.6
143.0
70.6
72.4
76.6
-4.2
18.3
63.8
97.6
150.2
74.1
76.1
72.4
3.7
-.3
61.2
98.9
171.1
864
84.7
741
10.6
-84
60.1
98.3
Billions of chained (1992) dollars
Gross domestic product of nonfinancial
corporate business 1 .
Consumption of fixed capital2
Net domestic product3
See footnotes at the end of the table.
36
2,304.2
2,376.9
2,434.9
2,504.5
2,571.9
2,634.0
2,663.7
2,695.3
2,711.2
2,725.1
2,777.9
2,775.2
2,838.5
2,819.3
2,819.4
2,864.3
37
38
242.6
2,061.5
245.5
2,131.4
248.8
2,186.2
274.6
2,229.9
257.4
2,314.5
257.2
2,376.8
261.7
2,402.0
276.4
2,418.9
270.6
2,440.6
274.6
2,450.4
278.5
2,499.3
281.8
2,493.4
283.9
2,554.6
286.4
2,532.9
288.7
2,530.7
290.9
2,573.4
SURVEY OF CURRENT BUSINESS
126 • August 1998
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars—Continued
Seasonally adjusted at annual rates
1987
Line
1
II
1989
1988
III
IV
I
II
III
IV
I
1990
II
III
IV
I
II
III
IV
3,401.7
Billions of dollars
1
2,734.9
2,804.4
2,869.1
2,928.6
2,959.2
3,025.3
3,088.2
3,161.7
3,179.2
3,212.6
3,247.4
3,266.5
3,330.6
3,400.5
3,396.5
Consumption of fixed capital
2
287.7
290.8
293.7
299.2
305.7
310.9
315.5
321.9
326.9
330.5
340.5
345.2
343.9
347.6
352.5
357.3
Net domestic product .
..
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
. .
3
4
2,447.2
265.3
2,513.6
270.9
2,575.4
274.9
2,629.4
278.3
2,653.5
283.9
2,714.4
288.2
2,772.8
290.4
2,839.8
299.0
2,852.4
303.4
2,882.1
307.3
2,906.8
313.5
2,921.3
315.4
2,986.7
320.3
3,052.9
322.3
3,044.1
330.3
3,044.4
336.1
5
6
7
8
9
2,181.9
1,809.9
1,509.6
300.3
260.7
2,242.6
1,838.2
1,533.7
304.5
287.8
2,300.4
1,869.6
1,560.4
309.3
311.1
2,351.1
1,918.7
1,602.3
316.4
306.6
2,369.6
1,939.0
1,619.7
319.3
310.9
2,426.2
1,985.8
1,659.6
326.1
321.0
2,482.4
2,018.1
1,687.2
331.0
338.9
2,540.8
2,054.0
1,717.3
336.7
354.7
2,548.9
2,078.1
1,737.2
340.9
326.0
2,574.8
2,091.2
1,748.1
343.1
328.8
2,593.3
2,110.0
1,763.4
346.6
326.7
2,605.9
2,145.0
1,791.8
.353.2
306.4
2,666.4
2,182.4
1,822.2
360.2
332.7
2,730.6
2,220.7
1,852.1
368.6
356.9
2,713.7
2,243.9
1,869.2
374.7
318.8
2,708.4
2,241.2
1,864.2
377.0
316.9
10
11
12
13
14
15
16
17
220.4
111.1
109.3
78.6
30.7
-18.7
58.9
111.3
252.1
127.1
125.0
76.7
48.4
-24.4
60.0
116.6
266.8
134.6
132.2
77.2
55.0
-17.2
61.5
119.7
268.6
135.5
133.1
86.0
47.1
-22.4
60.5
125.7
281.4
126.9
154.5
69.3
85.1
-28.9
58.4
119.8
300.8
135.3
165.5
75.6
89.9
-57.4
57.6
119.4
308.9
139.5
169.4
93.1
76.4
-27.4
57.4
125.4
323.2
146.3
176.9
81.3
95.6
-23.6
55.1
132.0
318.0
153.8
164.2
107.7
56.5
^6.7
54.6
144.9
295.4
143.7
151.7
106.6
45.1
-50.5
53.9
154.8
272.1
133.0
139.1
110.3
28.8
8.5
46.0
156.7
274.9
134.7
140.2
100.0
40.2
-11.2
42.7
154.5
291.0
133.0
158.0
124.2
33.8
-1.3
43.1
151.4
308.5
141.2
167.3
120.6
46.7
7.7
40.7
153.0
321.5
148.0
173.5
120.9
52.6
-40.0
37.4
151.0
3028
139.7
163.1
126.0
37.1
-20.3
34.4
1503
Gross domestic product of financial corporate
business.
18
234.6
245.0
247.7
251.2
243.6
251.8
257.3
260.8
272.5
275.2
274.2
280.2
287.8
297.5
303.8
304.3
Gross domestic product of nonfinancial
corporate business.
19
2,500.3
2,559.4
2,621.4
2,677.5
2,715.5
2,773.5
2,830.9
2,900.9
2,906.7
2,937.4
2,973.1
2,986.3
3,042.8
3,103.0
3,092.7
3,097.4
Gross domestic product of corporate business
Consumption of fixed capital
20
259.9
262.0
264.0
268.3
273.6
277.8
281.2
286.3
289.9
292.6
301.6
305.3
303.2
306.1
310.2
314.2
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
21
22
2,240.4
240.4
2,297.3
245.4
2,357.4
249.0
2,409.1
252.1
2,441.9
257.4
2,495.7
261.6
2,549.7
263.5
2,614.6
271.3
2,616.7
275.1
2,644.7
278.4
2,671.5
284.0
2,680.9
285.6
2,739.6
290.5
2,796.9
292.6
2,782.6
299.7
2,783.3
304.3
23
24
25
26
27
2,000.0
1,669.9
1,389.8
280.1
231.3
2,051.9
1,695.1
1,411.2
283.9
253.9
2,108.4
1,724.7
1,436.3
288.4
277.6
2,157.0
1,772.4
1,477.1
295.3
271.4
2,184.5
1,789.1
1,491.6
297.6
281.8
2,234.1
1,833.9
1,529.9
304.0
284.2
2,286.2
1,864.9
1,556.4
308.5
297.6
2,343.3
1,898.8
1,585.0
313.8
313.6
2,341.7
1,923.4
1,605.5
317.9
278.7
2,366.3
1,936.2
1,616.4
319.9
282.2
2,387.5
1,953.6
1,630.6
323.0
284.7
2,395.3
1,986.8
1,657.7
329.1
261.3
2,449.1
2,022.0
1,686.5
335.5
280.7
2,504.3
2,055.8
1,712.9
343.0
299.6
2,482.9
2,074.7
1,726.6
348.1
260.6
2,478.9
2,071.4
1,721.2
350.2
260.4
28
29
30
31
32
33
34
35
187.2
799
107.3
749
32.4
-18.7
62.7
98.8
214.3
934
120.9
731
47.8
-24.4
64.0
102.9
229.2
100.4
128.8
74.2
54.5
-17.2
65.6
106.1
228.7
100.0
128.6
81.5
47.1
-22.4
65.1
113.2
246.9
96.2
150.7
68.8
81.9
-28.9
63.7
113.6
258.3
100.8
157.5
75.6
81.9
-37.4
63.3
116.0
261.6
101.9
159.6
90.4
69.2
-27.4
63.5
123.7
275.4
108.0
167.4
82.9
84.6
-23.6
61.7
130.9
264.0
111.5
152.5
103.0
49.6
-46.7
61.4
139.5
241.5
100.8
140.7
103.1
37.6
-20.5
61.2
147.9
222.0
91.9
130.2
106.5
23.7
8.5
54.2
149.1
220.6
90.8
129.8
101.3
28.4
-11.2
52.0
147.2
227.9
90.5
137.3
119.5
17.8
-1.3
54.2
146.5
239.0
96.4
142.7
116.5
26.2
7.7
52.9
148.9
250.1
101.1
148.9
1181
30.8
-40.0
50.6
147.6
232.3
947
137.7
1195
182
-20.3
483
147.1
Billions of chained (1992) dollars
Gross domestic product of nonfinancial
corporate business'.
Consumption of fixed capital 2
Net domestic product3
See footnotes at the end of the table.
36
2,899.1
2,949.6
3,001.4
3,045.3
3,076.3
3,113.8
3,137.0
3,193.3
3,173.2
3,170.7
3,188.3
3,187.1
3,207.2
3,240.3
3,205.5
3,187.6
37
38
2930
2,606.2
2949
2,654.6
296.8
2,704.6
298.7
2,746.6
300.5
2,775.9
302.2
2,811.5
304.0
2,833.1
305 7
2,887.7
307.4
2,865.8
309.1
2,861.6
316.5
2,871.8
318 7
2,868.4
314 0
2,893.2
315 6
2,924.7
3172
2,888.3
3188
2,868.8
August 1998 •
SURVEY OF CURRENT BUSINESS
127
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Chained Dollars—Continued
Seasonally adjusted at annual rates
1992
1991
Line
I
II
III
IV
1
II
1993
III
IV
1994
II
I
III
IV
'. I •
III
IV
4,230.2
Billions of dollars
1
3,425.9
3,447.7
3,479.7
3,498.4
3,568.6
3,597.8
3,592.6
3,705.7
3,720.3
3,789.1
3,837.2
3,9363
3,993.2
4,068.3
4,1383
Consumption of fixed capital
2
362.1
363.4
365.2
367.1
368.6
370.7
389.9
376.3
383.0
385.0
393.0
392.6
425.3
402.8
408.2
413.1
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
3
4
3,063.7
342.2
3,084.3
348.8
3,114.5
357.1
3,131.3
364.0
3,200.1
367.1
3,227.0
368.3
3,202.7
374.5
3,329.4
385.5
3,337.3
386.3
3,404.1
392.4
3,444.2
398.7
3,543.9
412.1
3,568.0
420.6
3,665.5
426.4
3,730.3
432.6
3,817.1
437.4
5
6
7
8
9
2,721.5
2,230.0
1,851.2
378.8
345.7
2,735.5
2,251.6
1,866.3
385.3
342.6
2,757.4
2,276.2
1,883.8
392.4
345.3
2,767.2
2,300.7
1,901.8
398.9
336.9
2,832.9
2,339.8
1,932.9
406.9
374.5
2,858.7
2,371.9
1,957.1
414.8
370.5
2,828.2
2,403.5
1,980.9
422.6
312.2
2,943.9
2,435.7
2,005.2
430.5
395.3
2,951.0
2,456.5
2,015.3
441.2
379.6
3,011.7
2,488.9
2,040.4
448.5
408.3
3,045.5
2,514.5
2,060.0
454.5
415.7
3,131.8
2,543.1
2,081.7
461.4
472.3
3,147.4
2,588.9
2,119.0
469.9
440.0
3,239.1
2,625.1
2,148.9
476.2
489.7
3,297.7
2,652.5
2,173.7
478.7
515.9
3,379.7
2,701.4
2,217.6
483.9
542.6
10
11
12
13
14
15
16
17
2956
130.1
1655
123.4
42.0
176
32.6
145.8
3025
132.3
1702
127.9
42.3
68
33.3
141.3
312.8
136.0
176.7
125.6
51.1
-.8
33.4
135.9
311.3
135.2
176.1
125.4
50.6
-7.6
33.3
129.7
341.4
143.9
197.5
115.2
82.4
.3
32.7
118.6
359.4
150.9
208.5
120.3
88.2
-21.9
32.9
116.3
304.1
127.6
176.6
123.4
53.2
-8.6
16.7
112.4
361.0
149.7
211.4
139.1
72.2
.2
34.1
112.9
352.2
149.2
203.0
133.5
69.5
-12.5
40.0
114.9
391.6
165.4
226.2
133.5
92.7
-17.1
33.8
114.6
382.5
161.2
221.3
136.1
85.2
.2
33.0
115.3
439.9
184.9
255.0
144.0
111.0
-4.8
37.1
116.5
403.2
163.0
240.2
142.5
97.7
-4.3
41.2
118.5
453.0
182.8
270.2
151.4
118.9
-15.1
51.8
124.3
482.0
194.6
287.3
147.9
139.5
-21.2
55.1
129.4
5088
206.2
3027
160.7
142.0
-236
57.4
135.6
Gross domestic product of financial corporate
business.
18
318.2
328.5
337.7
338.9
366.4
361.7
322.1
363.9
368.6
388.8
392.9
411.3
368.8
409.3
413.8
Gross domestic product of nonfinancia!
corporate business.
19
3,107.7
3,119.1
3,142.0
3,159.5
3,202.2
3,236.1
3,270.5
3,341.7
3,351.8
3,400.3
3,444.3
3,525.2
3,624.5
3,729.1
3,816.4
Gross domestic product of corporate business
Consumption of fixed capital
;
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
344.5 , 343.4
3,668.9
20
318.3
319.3
320.8
322.3
323.3
325.1
343.8
329.7
335.8
337.3
375.1
351.6
355.9
360.0
21
22
2,789.3
309.2
2,799.9
314.2
2,821.2
321.2
2,837.2
327.3
2,878.9
330.4
2,911.0
331.8
2,926.7
337.8
3,012.0
348.0
3,015.9
348.2
3,063.0
353.8
3,099.8
359.7
3,181.9
372.3
3,249.3
380.4
3,317.3
386.1
3,373.2
392.3
3,456.4
397.1
23
24
25
26
27
2,480.2
2,060.0
1,708.3
351.7
277.5
2,485.7
2,078.8
1,721.3
357.5
269.3
2,500.0
2,101.2
1,737.2
364.0
267.6
2,509.9
2,122.2
1,752.6
369.6
264.3
2,548.4
2,152.8
1,776.9
375.8
285.5
2,579.2
2,183.2
1,800.0
383.2
290.0
2,588.9
2,209.3
1,819.3
389.9
278.9
2,664.0
2,236.1
1,839.3
396.8
328.2
2,667.7
2,253.5
1,846.1
407.3
316.0
2,709.2
2,279.9
1,865.9
413.9
334.4
2,740.1
2,301.5
1,882.0
419.4
345.5
2,809.6
2,327.8
1,901.9
426.0
389.9
2,868.9
2,372.5
1,938.6
433.9
405.4
2,931.1
2,409.8
1,969.6
440.2
427.0
2,980.9
2,439.2
1,996.1
443.1
444.1
3,059.2
2,485.2
2,037.4
447.8
472.0
28
29
30
31
32
33
34
35
213.3
83.1
130.3
120.7
9.5
17.6
46.5
142.7
215.0
84.0
131.0
125.4
5.6
6.8
47.5
137.6
220.6
86.8
133.8
124.9
8.9
-.8
47.9
131.1
223.7
87.5
136.2
127.5
8.7
-7.6
48.3
123.3
236.3
82.4
153.9
124.0
29.9
.3
48.9
110.2
262.6
93.6
169.0
129.7
39.3
-21.9
49.3
106.0
254.4
89.9
164.5
134.3
30.2
-6.6
33.0
100.8
277.9
98.4
179.5
146.3
33.2
.2
50.1
99.7
275.6
92.5
183.1
143.5
39.6
-12.5
52.9
98.2
306.9
104.7
202.2
144.2
58.0
-17.1
44.5
95.0
303.1
102.9
200.2
147.6
52.5
A22
93.1
349.0
120.0
228.9
155.6
73.4
-4.8
45.7
91.9
359.1
119.5
239.6
150.4
89.2
-4.3
50.6
91.1
3807
124.6
256.1
158.7
974
-15.1
614
94.3
4007
130.1
2706
158.5
1121
-21.2
646
97.6
4289
141.1
2878
166.8
1210
-23.6
667
102.1
Billions of chained (1992) dollars
Gross domestic product of nonfinancial
corporate business1.
Consumption of fixed capital
Net domestic product3
2
36
37
38
3,163.8
3,158.6
3,16^.5
3,183.5
3,217.0
3,238.4
3,267.0
3,328.2
3,310.2
3,352.5
3,387.2
3,447.7
3,526.1
3,559.8
3,594.6
3,664.9
320.5
2,843.2
3219
2,836.7
323.1
2,846.3
324.2
2,859.3
325.0
2,891.9
326.1
2,912.3
342.3
2,924.7
328.6
2,999.6
332.7
2,977.5
331.9
3,020.6
339.8
3,047.3
336.1
3,111.6
366.0
3,160.0
3413
3,218.5
3443
3,250.3
3476
3,317.3
1. Chained-dollar gross domestic product of nonfinancial corporate business equals the current-dollar product deflated by the implicit price deflator for goods and structures in gross domestic product.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of
the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net domestic product of nonfinancial corporate business is the difference between the gross
product and the consumption of fixed capital.
SURVEY OF CURRENT BUSINESS
128 • August 1998
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
2,724.1
2,894.4
3,211.4
3,440.9
3,639.6
3,877.8
4,178.9
4,496.4
4,796.2
4,965.6
5,255.7
5,481.0
5,757.9
2,660.3
2,717.3
2,739.1
2.779.7
1,593.9
1,855.1
1,507.5
586.6
445.9
445.2
475.6
347.6
1,995.9
1,622.1
620.7
468.9
476.5
525.0
373.8
2,116.5
1,720.0
637.3
481.2
501.6
581.0
396.6
2,272.7
1,849.5
660.4
497.2
535.4
653.7
423.1
2,453.6
2,003.2
707.0
530.1
575.3
720.9
450.4
2,598.1
2,118.7
732.4
548.1
606.8
779.5
479.4
2,757.5
2,240.3
754.2
561.2
634.1
852.1
517.2
2,827.6
1,286.7
515.1
386.2
385.9
385.7
307.3
1,685.3
1,360.3
528.2
401.2
405.7
426.4
325.0
2,281.5
746.3
562.5
646.6
888.6
546.1
2,986.4
2,418.6
765.7
583.5
680.3
972.6
567.8
3,089.6
2,505.3
781.2
592.9
699.4
1,024.7
584.3
3,240.7
2,638.5
824.4
620.8
741.4
1,072.7
602.2
1,573.6
1,273.3
522.1
390.6
379.9
371.3
300.3
1,587.3
1,283.0
519.0
388.5
384.2
379.8
304.3
1,602.5
1,293.6
513.5
385.5
388.3
391.9
308.9
1,612.3
1,296.7
505.9
380.3
391.1
399.7
315.7
165.4
177.2
188.9
203.1
216.0
235.4
251.7
273.1
300.6
322.7
351.3
385.1
405.0
161.0
164.2
167.1
169.2
179.6
191.9
248.7
268.6
279.5
305.1
335.3
357.4
374.0
376.5
423.8
450.8
471.6
167.4
182.0
177.9
191.0
14.5
165.1
4.1
187.8
23.2
225.5
23.6
245.0
24.2
255.3
31.5
273.6
27.5
307.8
36.3
321.1
35.4
338.6
29.3
347.2
37.1
386.7
32.4
418.4
36.9
434.7
15.7
151.7
14.0
168.0
13.2
164.6
14.9
176.1
46.5
46.1
50.1
48.1
41.5
44.8
55.1
51.7
61.0
67.9
79.4
105.7
124.4
46.6
45.5
46.2
47.7
Line
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
...
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
Rental income of persons with capital
consumption adjustment.
1994
1982
63.8
71.0
75.4
79.4
86.3
90.2
104.2
126.3
134.9
137.7
137.9
147.1
171.0
64.1
62.6
63.0
65.4
Personal interest income
379.2
403.2
472.3
508.4
543.3
560.0
595.5
674.5
704.4
699.2
667.2
651.0
668.1
372.6
389.1
379.6
375.4
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
Family assistance'
Other
:
408.1
204.5
439.4
221.7
453.6
235.7
486.5
253.4
518.6
543.3
282.9
577.6
300.4
626.0
325.1
687.8
352.0
769.9
382.3
858.2
414.0
912.0
444.4
954.7
473.0
385.9
194.9
398.4
197.5
415.9
269.2
209.4
432.2
216.4
25.2
16.4
54.6
107.4
13.3
94.1
26.3
16.6
58.0
116.9
. 14.2
102.6
15.9
16.4
60.9
124.7
14.8
109.9
15.7
16.7
66.6
134.2
15.4
118.7
16.3
16.7
70.7
145.7
16.4
129.3
14.5
16.6
76.0
153.3
16.7
14,4
17.3
87.6
181.6
18.0
18.1
17.8
94.5
205.3
19.8
136.6
13.3
16.9
82.2
164.8
17.3
147.6
163.6
185.6
26.8
18.3
102.2
240.2
22.0
218.2
38.9
19.3
109.0
277.1
23.3
253.8
34.0
20.2
116.6
296.8
24.0
272.8
23.6
20.2
124.5
313.5
24.3
289.3
19.1
16.3
517
103.8
13.2
90.6
23.9
16.2
54.8
106.0
13.2
92.8
26.0
16.3
55.6
108.6
13.3
95.3
31.8
16.6
56.1
111.2
13.6
97.6
Less: Personal contributions for social insurance
112.3
119.7
132.7
149.0
162.1
173.7
194.2
210.8
223.9
235.8
248.4
260.3
371.4
369.3
395.5
437.7
459.9
514.2
532.0
594.9
624.8
Equals: Disposable personal income
2,352.7
2,525.1
2,815.9
3,003.2
3,179.7
3,363.6
3,646.9
3,901.6
4,171.4
4,340.9
4,605.1
Less: Personal outlays
2,141.8
2,355.5
2,574.4
2,795.8
2,991.1
3,194.7
3,451.7
3,706.7
3,958.1
4,097.4
4,341.0
2,076.8
58.8
6.2
2,283.4
65.5
6.5
2,492.3
74.7
7.4
2,704.8
83.2
7.8
2,892.7
90.3
8.1
3,094.5
91.5
8.7
3,349.7
92.9
9.1
3,594.8
102.4
9.6
3,839.3
108.9
4,219.8
111.7
9.9
3,975.1
111.9
10.4
210.9
169.7
241.5
207.4
188.6
168.9
195.2
194.8
213.3
243.5
3,491.1
3,583.7
3,850.0
3,960.3
4,076.8
4,154.7
4,325.3
4,411.7
4,489.6
10,132
15,034
232.2
10,776
15,293
234.3
11,912
16,286
236.4
12,592
16,604
238.5
13,211
16,939
240.7
13,851
17,109
242.8
14,881
17,650
245.1
15,771
17,833
247.4
16,689
17,962
250.0
9.0
6.7
8.6
6.9
5.9
5.0
5.4
5.0
5.1
Personal dividend income
Less: Personal tax and nontax payments
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1992) dollars 2
Per capita:
Current dollars
Chained (1992) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.
...
277.5
111.0
111.9
113.0
113.3
739.1
370.2
376.5
366.8
372.1
4,791.1
5,018.9
2,290.1
2,340.9
2,372.2
2,407.6
4,580.7
4,842.1
2,084.7
2,110.4
2,156.4
2,2157
9.6
4,459.2
108.2
13.3
4,717.0
110.9
14.2
2,021.4
57.5
5.9
2,046.1
58.0
6.2
2,091.1
59.0
6.4
2,148.7
60.6
6.4
264.1
210.3
176.8
205.4
230.5
215.8
191,9
4,483.5
4,605.1
4,666.7
4,772.9
3,460.0
3,503.1
3,494.2
3,506.9
17,179
17,744
252.7
18,029
18,029
255.4
18,558
18,077
258.2
19,251
18,308
260.7
9,897
14,953
231.4
10,094
15,106
231.9
10,203
15,029
232.5
10,330
15,046
233.1
5.6
5.7
4.4
3.5
9.0
9.8
9.1
8.0
650.5
SURVEY OF CURRENT BUSINESS
August 1998
•
129
Table 2.1.--Personal Income and Its Disposition—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
1984
1983
Line
1985
IV
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service Industries
Government
2,800.4
2,862.4
2,915.0
2,999.8
3,096.4
3,181.9
3,262.7
3,304.6
3,372.7
3,412.4
3,455.9
3,522.4
3,581.3
3,612.3
3,664.5
3,700.1
1,629.8
1,310.8
509.6
384.7
392.0
409.2
319.1
1,663.3
1,339.3
518.2
394.1
401.3
419.8
324.0
1,699.6
1,372.3
533.5
405.9
407.6
431.3
327.3
1,748.4
1,793.9
1,977.5
1,606.8
616.3
465.0
473.1
517.3
370.8
2,009.4
1,632.9
622.1
469.4
479.8
531.0
376.5
2,050.2
1,667.5
631.7
476.9
488.2
547.5
382.7
2,078.1
1,526.4
593.7
450.9
450.5
482.2
351.3
1,910.8
1,554.5
601.4
457.5
458.5
494.5
356.3
1,946.5
1,455.4
568.4
432.7
430.7
456.3
338.5
1,837.9
1,493.6
582.8
442.4
441.3
469.5
344.3
1,877.6
1,418.9
551.5
420.0
421.9
445.5
329.5
2,095.7
1,702.8
633.8
478.7
496.6
572.4
392.9
2,125.7
1,726.7
636.7
481.1
503.8
586.1
399.0
2,166.7
1,760.0
643.8
485.5
512.4
603.8
406.8
1,581.4
612.5
464.4
464.9
504.0
365.1
1,690.3
635.0
479.6
493.8
561.5
387.8
Other labor income
171.0
176.8
179.6
181.4
184.5
187.3
194.2
198.3
201.1
204.9
208.1
209.8
213.2
217.9
222.9
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarm
188.0
190.4
189.0
200.1
236.4
250.3
258.5
249.6
268.4
265.1
266.4
274.3
271.9
275.7
287.2
283.0
13.4
174.6
6.4
184.0
-42
193.2
.9
199.3
21.7
214.7
23.8
226.5
22.7
235.8
24.5
225.1
25.9
242.5
22.9
242.2
21.5
245.0
24.0
250.2
20.1
251.8
20.5
255.2
28.1
259.1
28.0
255.0
46.2
46.0
44.3
48.0
48.1
46.0
50.3
55.9
52.3
48.8
46.1
45.1
46.3
43.8
39.4
36.4
Rental income of persons with capital
consumption adjustment.
Personal dividend income
68.0
70.0
72.2
73.8
75.0
75.9
75.1
75.7
77.7
79.0
79.9
80.8
84.1
86.5
87.2
87.4
Personal interest income
378.7
392.1
412.7
429.3
440.0
464.2
490.2
495.0
496.5
505.6
509.2
522.3
542.2
543.1
546.3
541.5
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
Family assistance'
Other
435.4
217.2
442.4
220.6
438.0
222.0
442.0
226.9
447.9
231.2
452.1
234.4
455.3
235.8
459.1
241.2
478.9
249.1
483.0
251.4
489.8
256.3
494.5
256.8
507.9
264.5
515.1
266.9
523.8
272.1
527.6
273.2
30.1
16.9
56.3
114.9
14.0
100.9
31.9
16.6
57.7
115.6
14.2
101.5
23.2
16.6
58.6
117.6
14.3
103.3
19.8
16.6
59.5
119.3
14.5
15.6
16.4
61.9
123.9
14.9
104.8
17.1
16.4
61.0
122.1
15.0
107.1
109.0
15.0
16.5
62.8
125.1
14.5
110.7
15.7
16.4
58.0
127.7
14.8
113.0
16.7
16.9
65.4
130.8
15.1
115.7
15.8
16.8
66.1
132.9
15.3
117.7
14.9
16.6
66.8
135.2
15.6
119.6
15.5
16.5
68.0
137.7
15.7
121.9
15.5
17.0
69.2
141.7
15.9
125.8
16.2
16.9
70.1
145.1
16.4
128.7
16.8
16.6
71.1
147.1
16.5
130.6
16.8
16.4
72.4
148.8
16.7
132.1
Less: Personal contributions for social insurance
116.8
118.5
120.4
123.1
129.3
131.9
134.1
135.7
145.9
147.7
149.8
152.7
159.1
160.8
163.0
165.5
366.8
376.0
362.7
371.7
378.7
387.7
401.6
413.8
451.2
407.8
442.2
449.4
447.3
451.2
462.2
478.9
2,552.4
Less: Personal tax and nontax payments
Equals: Disposable personal income
2,433.6
2,486.4
Less: Personal outlays
2,253.4
2,327.4
2,185.0
62.4
6.0
2,257.2
63.8
6.4
180.2
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1992) dollars 2
Per capita:
Current dollars
Chained (1992) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
See footnotes and note at the end of the table.
2,628,1
2,717.6
2,794.1
2,861.1
2,890.7
2,921.5
3,004.6
3,013.8
3,073.0
3,134.1
3,161.1
3,202.4
3,221.2
2,451.1
2,500.9
2,556.9
2,593.7
2,645.8
2,711.7
2,763.5
2,834.3
2,873.5
2,919.7
2,953.4
3,025.3
3,066.0
2,316.8
66.3
6.8
2,374.7
69.6
6.9
2,422.5
71.3
7.1
2,475.6
73.9
7.4
2,510.5
75.9
7.3
2,560.6
77.5
7.7
2,623.8
80.0
7.9
2,673.4
82.5
7.7
2,742.3
84.1
8.0
2,779.6
86.2
7.7
2,823.3
88.5
7.8
2,855.6
89.9
7.9
2,926.2
91.0
8.1
2,965.6
92.0
8.5
159.0
162.5
177.0
216.7
237.2
267.3
244.9
209.8
241.0
179.4
199.5
214.3
207.7
177.1
155.2
3,515.5
3,547.1
3,599.4
3,672.8
3,762.6
3,834.6
3,895.7
3,906.9
3,909.6
3,979.5
3,958.6
3,993.3
4,045.1
4,076.9
4,096.0
4,089.3
10,420
15,053
233.5
10,625
15,157
234.0
10,879
15,342
234.6
11,176
15,619
235.2
11,535
15,970
235.6
11,835
16,243
236.1
12,090
16,462
236.7
12,185
16,469
237.2
12,292
16,449
237.7
12,615
16,708
238.2
12,621
16,578
238.8
12,837
16,682
239.4
13,066
16,864
239.9
13,151
16,961
240.4
13,290
16,999
241.0
13,336
16,930
241.5
7.4
6.4
6.4
6.7
8.0
8.5
9.3
8.5
7.2
8.0
6.0
6.5
6.8
6.6
5.5
4.8
13O • August 1998
SURVEY OF CURRENT BUSINESS
Table 2.1.—Personal Income and Its Disposition—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
1987
Line
1990
3,771.1
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
3,835.3
3,898.4
4,006.4
4,070.3
4,141.3
4,213.2
4,290.6
4,412.6
4,475.4
4,514.4
4,583.2
4,694.5
4,777.1
4,842.4
4,870.9
2,209.6
Personal income
2,246.9
1,826.5
653.7
491.8
531.0
641.9
420.4
2,287.0
1,862.2
663.2
499.5
541.8
657.2
424.8
2,347.2
1,914.4
674.8
507.1
548.5
691.0
432.8
2,380.9
1,939.6
690.2
518.6
559.7
689.7
441.3
2,435.7
1,988.1
702.5
526.0
571.0
714.6
447.6
2,476.3
2,023.6
711.6
532.6
580.7
731.2
452.7
2,521.4
2,061.5
723.6
543.3
589.8
748.1
460.0
2,556.0
2,087.1
729.5
548.6
599.6
757.9
468.9
2,578.1
2,103.3
728.1
545.7
604.4
770.8
474.8
2,607.1
2,124.3
731.9
547.0
607.4
785.0
482.8
2,651.3
2,704.0
2,199.6
748.7
554.8
624.4
826.5
504.3
2,753.0
2,238.6
757.7
563.9
633.9
847.1
514,3
2,784.4
2,263.6
758.5
564.9
638.9
866.2
520.8
2,788.6
2,259.3
751.8
561.2
639.1
868.4
529.3
1,795.1
650.0
490.4
520.5
624.6
414.5
2,160.2
740.2
551.1
616.0
804.1
491.1
228.3
233.7
235.7
243.8
245.9
249.6
253.3
258.0
263.2
269.7
276.5
283.1
291.4
297.8
304.0
309.2
296.5
302.7
308.1
313.1
330.1
339.0
340.5
331.6
361.9
3563
352.3
358.9
367.7
375.4
378.6
374.4
29.3
267.1
31.6
271.1
31.5
276.5
33.7
279.5
38.9
291.2
30.6
308.4
27.9
312.6
12.5
319.1
39.0
322.9
38.4
318.1
33.2
319.1
34.5
324.4
35.5
332.2
38.3
337.1
34.9
343.7
33.1
341.3
42.4
41.6
42.9
52.3
52.4
54.2
52.7
61.2
57.0
56.8
47.7
45.2
55.1
57.6
64.4
66.7
88.3
90.7
93.7
101.3
106.0
111.1
119.0
124.8
129.2
132.3
136.2
136.5
134.7
132.1
Personal interest income
541.3
551.6
562.8
584.5
582.3
579.9
600.3
619.7
653.7
680.5
682.3
681.6
690.6
701.1
711.6
714.2
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
Family assistanceJ
Other
535.2
278.8
542.9
283.0
545.8
284.1
549.4
285.8
570.1
574.4
299.0
579.6
645.1
316.6
618.5
321.7
630.9
301.2
586.4
303.8
609.5
297.8
328.1
334.1
670.5
348.1
678.1
348.6
690.6
352.6
712.0
358.7
15.3
16.7
73.7
150.8
16.6
14.3
16.5
77.1
153.8
16.7
14.0
17.0
81.0
160.4
17.0
143.4
13.2
16.9
82.5
163.0
17.1
145.9
13.1
16.9
82.3
166.0
17.3
148.7
12.9
16.7
83.1
169.9
17.5
152.3
13.6
17.5
86.0
175.8
17.6
158.2
13.7
17.3
87.0
178.8
17.7
161.1
14.6
17.3
88.0
182,9
18.1
164.8
16.4
18.0
93.0
195.0
19.1
137.1
13.4
16.5
77.7
156.0
16.7
139.3
15.6
17.2
89.4
188.7
18.4
134.2
14.9
16.7
75.7
152.6
16.7
135.9
170.3
175.9
17.1
17.8
93.7
200.9
19.5
181.4
18.2
17.7
94.9
207.2
20.0
187.2
20.9
17.8
96.4
218.1
20.5
197.6
Less: Personal contributions for social insurance
170.2
172.3
174.6
177.7
192.8
195.5
198.7
207.7
209.5
211.6
214.4
221.0
222.3
225.9
226.4
474.7
536.7
513.9
531.3
515.0
535.1
532.3
545.7
577.7
600.7
594.6
606.3
613.0
628.2
630.8
627.1
Equals: Disposable personal income
3,296.4
3,298.6
3,384.4
3,475.1
3,555.4
3,606.2
3,680.9
3,745.0
3,834.9
3,874.7
3,919.7
3,976.8
4,081.5
4,148.9
4,211.5
4,243.8
Less: Personal outlays
3,101.6
3,170.1
3,235.3
3,271.7
3,348.1
3,411.7
3,484.2
3,562.8
3,614.7
3,680.8
3,740.0
3,791.4
3,875.8
3,929.4
3,999.3
4,027.9
3,002.4
91.0
8.3
3,070.0
91.3
8.8
3,134.2
92.1
9.0
3,171.3
91.7
8.7
3,247.1
91.9
9.2
3,310.2
92.5
9.1
3,382.3
93.1
8.8
3,459.2
94.3
9.3
3,506.1
99.3
9.3
3,569.7
101.6
3,627.3
103.4
3,759.2
106.7
3,811.8
108.0
9.5
9.4
3,676.1
105.2
10.1
9.9
9.5
3,879.2
109.8
10.2
3,907.0
110.9
10.1
194.8
128.5
149.1
203.3
207.2
194.5
196.7
182.2
220.3
194.0
179.7
185.4
205.8
219.4
212.2
215.8
4,134.6
4,097.9
4,160.5
4,225.9
4,296.8
4,305.6
4,336.9
4,362.0
4,411.0
4,393.2
4,412.5
4,430.0
4,482.9
4,500.3
4,503.9
4,471.2
13,621
17,084
242.0
13,601
16,897
242.5
13,921
17,113
243.1
14,258
17,339
243.7
14,559
17,595
244.2
14,736
17,594
244.7
15,002
17,676
245.4
15,226
17,734
246.0
15,560
17,897
246.5
15,686
17,785
247.0
15,825
17,814
247.7
16,011
17,836
248.4
16,396
18,009
248.9
16,624
18,033
249.6
16,826
17,994
250.3
16,905
17,811
251.0
5.9
3.9
4.4
5.9
5.8
5.4
5.3
4.9
5.7
5.0
4.6
4.7
5.0
5.3
5.0
5.1
Other labor income
,
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
Nonfarrn
Rental income of persons with capital
consumption adjustment.
Personal dividend income
Less: Personal tax and nontax payments
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
. (net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1992) dollars2
Per capita:
Current dollars
Chained (1992) dollars
Population (mid-period, millions)
Personal saying as a percentage of disposable
personal income.
See footnotes and note at the end of the table.
August 1998
SURVEY OF CURRENT BUSINESS
Table 2.1 .—Personal Income and Its Disposition—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
1991
Line
I
II
1993
1992
III
IV
I
II
III
IV
I
II
1994
III
IV
I
II
III
IV
1
4,885.7
4,948.5
4,985.4
5,043.0
5,144.7
5,217.0
5,255.5
5,405.4
5,332.1
5,466.1
5,505.7
5,620.3
5,583.3
5,733.1
5,804.1
5,911.2
Wago and salary disbursements
Private industries
\
Goods-oroducina industries
Manufacturing
Distributive industries
Service industries
Government
2
2,789.3
2,248.0
742.5
555.5
6367
868.8
541.3
2315.1
2,269.8
742.8
558.4
644 6
882.5
545.3
2,838.8
2,292.0
749.4
566.3
649.7
892.8
546.9
2,867.1
2,316.3
750.6
569.7
655.3
910.5
550.8
2,916.5
2,355.1
752.7
571.5
666.2
936.2
561.4
2,956.2
2,389.0
761.9
579.6
673.6
953.4
567.2
2,988.2
2,418.3
764.6
583.0
681.5
972.2
569.8
3,084.7
2,512.2
783.6
599.7
699.9
1,028.6
572.5
2,975.4
2,394.4
749.7
566.7
677.5
967.2
581.1
3,079.3
2,497.8
779.9
592.8
697.7
1,020.2
581.5
3,111.1
2,524.8
786.5
597.2
704.3
1,034.0
586.3
3,192.6
2,604.2
808.6
614.9
718.2
1,077.4
588.4
3,138.3
2,542.3
797.1
600.7
715.8
1,029.4
596.0
3,232.0
2,630.7
820.5
618.4
737.9
1,072.3
601.3
3,266.9
2,663.4
832.9
626.9
748.0
1,082.5
603.5
3,325.6
2,717.5
847.2
637.1
763 6
1,106.7
608.0
Other labor income
9
312.4
319.7
326.3
332.4
340.8
347.6
355.9
361.1
373.8
382.3
389.5
394.9
399.5
403.7
406.9
409.8
Proprietors' income with inventory valuation and
capital consumption adjustments.
Farm
..
Nonfarm
10
362.4
378.7
378.9
385.7
410.2
420.8
426.6
437.4
440.3
452.2
446.2
464.4
463.9
474.7
471.6
476.1
11
12
26.5
3360
33.4
3454
27.3
351.7
30.0
355.8
35.9
374.4
37.1
383.8
39.0
387.6
36.5
401.0
29.7
410.6
36.3
416.0
25.6
420.6
38.0
426.5
46.4
417.5
38.8
435.9
33.2
438.4
29.1
447 0
13
66.3
66.0
67.1
72.3
77.2
79.5
69.5
91.2
99.7
105.6
106.1
1113
112.7
126.0
130.1
128.9
136.9
132.8
133.9
149.3
154.6
159.1
166.8
Personal income
.
;....
3
4
5
$
7
8
Rental income of persons with capital
consumption adjustment.
14
136.4
138.1
139.2
138.6
146.2
140.5
144.1
174.5
183.6
Personal interest income
15
705.4
702.2
697.0
692.3
674.1
673.0
661.2
660.4
660.3
653.7
647.8
642.1
641.4
656.4
674.1
700.4
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
Family assistance'
Other
16
746.4
374.6
763.2
380.0
774.9
384.7
795.1
389.9
838.3
405.4
853.5
412.2
865.3
416.9
875.8
421.5
897.2
437.6
908.0
441.9
917.3
446.4
925.3
451.8
940.4
463.3
949.8
470.4
958.8
475.8
969.8
482.4
23
24.5
18.1
102.2
227.0
21.1
205.9
27.7
18.7
101.6
235.3
21.8
213.5
26.0
18.3
102.3
243.6
22.2
221.4
29.2
18.2
102.9
255.0
22.7
232.2
39.2
20.4
107.8
265.5
23.0
242.5
40.4
18.9
108.6
273.3
23.1
250.2
38.7
18.8
109.0
281.9
23.4
258.5
37.1
19.1
110.5
287.7
23.5
264.2
34.5
20.0
114.2
291.0
23.7
267.3
34.4
20.5
115.9
295.4
24.0
271.4
34.7
20.3
117.4
298.6
24.0
274.6
32.6
19.8
119.0
302.1
24.2
277.9
27.7
20.0
120.5
308.9
24.3
284.6
23.9
20.1
123.8
311.6
24.3
287.3
21.6
20.5
125.9
315.0
24.4
290.7
20.9
201
127.6
318.7
24.2
294.5
Less: Personal contributions for social insurance
24
233.0
234.6
236.9
238.9
245.2
247.4
249.7
251.4
255.2
259.2
261.6
265.2
272.0
276.2
278.8
282.9
25
622.3
620.5
623.7
632.5
636.7
640.0
650.6
674.8
662.5
685.6
695.5
716.4
712.9
750.5
739.9
753.0
26
4,263.4
4,328.0
4,361.7
4,410.4
4,508.0
4,577.0
4,604.9
4,730.5
4,669.6
4,780.5
4,810.2
4,903.9
4,870.5
4,982.6
5,064.2
5,158.2
27
4,032.5
4,083.3
4,123.9
4,149.8
4,250.0
4,304.8
4,359.5
4,450.0
4,488.4
4,549.5
4,609.8
4,675.2
4,738.2
4,803.3
4,876.1
4,950.7
28
29
30
3,910.7
111.4
10.4
3,961.0
112.0
10.3
4,001.6
112.0
10.2
4,027.1
112.1
10.6
4,127.6
112.9
9.4
4,183.0
112.1
9.7
4,238.9
111.4
9.2
4,329.6
110.4
9.9
4,365.4
110.0
13.1
4,428.1
108.3
13.1
4,488.6
107.9
13.4
4,554.9
106.6
13.7
4,616.6
107.6
14.0
4,680.5
108.7
14.1
4,750.6
111.4
14.2
4,820.2
116.1
14.4
31
230.9
244.7
237.8
260.6
258.1
272.2
245.4
280.6
181.2
231.0
200.5
228.7
132.3
179.3
188.1
207.5
32
4,452.9
4,490.8
4,490.2
4,500.3
4,558.4
4,591.7
4,591.6
4,678.9
4,585.6
4,666.8
4,679.5
4,735.0
4,683.6
4,760.9
4,795.2
4,852.1
33
34
35
16,942
17,695
251.7
17,154
17,800
252.3
17,238
17,746
253.0
17,381
17,736
253.7
17,725
17,923
254.3
17,947
18,004
255.0
18,001
17,949
255.8
18,440
18,238
256.5
18,159
17,832
257.2
18,545
18,104
257.8
18,607
18,101
258.5
18,920
18,268
259.2
18,752
18,032
259.7
19,138
18,286
260.4
19,400
18,369
261.0
19,711
18,541
261.7
36
5.4
5.7
5.5
5.9
5.7
5.9
5.3
5.9
3.9
4.8
4.2
4.7
2.7
3.6
3.7
4.0
Personal dividend income
;.
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays
:
:
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world
(net).
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained (1992) dollars 2
Per capita:
Current dollars
Chained (1992) dollars
....
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal income.
17
18
19
20
21
22
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
132 • August 1998
SURVEY OF CURRENT BUSINESS
Table 2.8.-—Personal Income by Type of Income
[Billions of dollars; months seasonally adjusted at annual rates]
Wage and salary disbursements
Year and month
Personal
income
Goods-producing
All
industries
Private
industries
Total
Manufacturing
Distributive
Service
Government
Other
labor
income
Proprietors' income
Rental income
with inventory valuof persons with
ation and capital concapital
sumption adjustments
consumption
adjustment
Farm
Nonfarm
Personal
dividend
income
Persona!
interest
income
Transfer
payments
Less:
Personal
contributions
for social
insurance
1982
1983
1984
2,724.1
2,894.4
3,211.4
1,593.9
1,685.3
1,855.1
1,286.7
1,360.3
1,507.5
515.1
528.2
586.6
386.2
401.2
445.9
385.9
405.7
445.2
385.7
426.4
475.6
307.3
325.0
347.6
165.4
177.2
188.9
14.5
4.1
23.2
165.1
187.8
225.5
46.5
46.1
50.1
63.8
71.0
75.4
379.2
403.2
472.3
408.1
439.4
453.6
112.3
119.7
132.7
1985
1986
1987
1988
1989
3,440.9
3,639.6
3,877.8
4,178.9
4,496.4
1,995.9
2,116.5
2,272.7
2,453.6
2,598.1
1,622.1
1,720.0
1,849.5
2,003.2
2,118.7
620.7
637.3
660.4
707.0
732.4
468.9
481.2
497.2
530.1
548.1
476.5
501.6
535.4
575.3
606.8
525.0
581.0
653.7
720.9
779.5
373.8
396.6
423.1
450.4
479.4
203.1
216.0
235.4
251.7
273.1
23.6
24.2
31.5
27.5
36.3
245.0
255.3
273.6
307.8
321.1
48.1
41.5
44.8
55.1
51.7
79.4
86.3
90.2
104.2
126.3
508.4
543.3
560.0
595.5
674.5
486.5
518.6
543.3
577.6
626.0
149.0
162.1
173.7
194.2
210.8
1990
1991
1992
4,796.2
4,965.6
5,255.7
5,481.0
5,757.9
2,757.5
2,827.6
2,986.4
3,089.6
3,240.7
2,240.3
2,281.5
2,418.6
2,505.3
2,638.5
754.2
746.3
765.7
781.2
824.4
561.2
562.5
583.5
592.9
620.8
634.1
852.1
CZAR R
04b.O
OQQ 0
OOO.D
680.3
699.4
741.4
972.6
1,024.7
1,072.7
517.2
546.1
567.8
584.3
602.2
300.6
322.7
351.3
385.1
405.0
35.4
29.3
37.1
32.4
36.9
338.6
347.2
386.7
418.4
434.7
61.0
67.9
79.4
105.7
124.4
134.9
137.7
137.9
147.1
171.0
704.4
699.2
667.2
651.0
668.1
687.8
769.9
858.2
912.0
954.7
223.9
235.8
248.4
260.3
277.5
2,646.4
2,662.9
2,671.5
2,702.9
2,721.6
2,727.6
2,733.7
2,739.4
2,744.1
2,764.7
2,781.5
2,793.0
1,567.6
1,576.2
1,577.1
1,577.8
1,590.5
1,593.5
1,601.0
1,604.2
1,602.2
1,606.8
1,609.9
1,620.3
1,268.6
1,276.0
1,275.4
1,274.9
1,286.3
1,287.9
1,292.0
1,296.0
1,292.8
1,293.0
1,294.2
1,302.8
521.2
523.3
521.8
518.3
520.1
518.7
516.4
513.7
510.3
506.8
504.8
506.0
391.8
390.2
387.8
389.0
388.8
387.2
385.7
383.6
380.5
379.8
380.6
378.3
381.0
380.5
381.0
385.4
386.2
387.1
389.5
388.1
389.3
390.3
393.7
369.0
371.7
373.1
375.6
380.7
383.0
388.5
392.8
394.4
396.8
399.1
403.1
299.1
300.1
301.7
303.0
304.3
305.7
309.1
308.1
309.4
313.8
315.7
317.5
159.9
161.0
162.1
163.2
164.2
165.2
166.2
167.1
167.9
168.5
169.2
16.6
15.6
14.9
14.3
14.0
13.6
14.0
13.2
12.5
13.9
15.6
15.2
150.5
151.9
152.8
166.6
169.2
168.4
162.3
164.6
166.9
174.4
175.9
177.9
47.1
46.7
46.1
45.7
45.3
45.5
45.5
46.2
46.8
49.4
48.5
45.2
64.9
63.9
63.5
62.9
62.6
62.4
62.6
62.9
63.4
64.3
65.4
66.4
368.1
372.4
377.3
387.5
390.1
389.8
382.0
379.4
377.4
375.7
375.1
375.3
382.4
386.4
389.0
396.1
397.7
401.4
413.0
414.8
419.9
424.9
435.3
436.4
110.6
111.1
111.2
111.2
112.1
112.3
113.0
113.1
112.9
113.1
113.2
113.7
1,629.3
1,624.7
1,635.6
1,647.9
1,666.6
1,675.4
1,690.9
1,697.3
1,710.6
1,738.7
1,745.7
1,760.6
1,311.1
1,305.6
1,315.5
1,326.5
1,340.0
1,351.3
1,365.9
1,367.6
1,383.4
1,410.6
1,416.3
1,429.7
510.3
508.6
509.9
514.0
517.9
522.7
528.4
531.7
540.3
546.5
551.8
556.1
383.2
384.2
386.8
390.3
394.2
397.6
402.1
404.2
411.2
416.0
420.5
423.6
392.1
389.5
394.4
397.8
401.5
404.7
408.6
406.0
408.1
419.9
420.4
425.3
408.7
407.6
411.2
414.8
420.6
423.9
429.0
429.9
435.1
444.2
444.1
448.3
318.1
319.1
320.0
321.4
326.6
324.1
325.0
329.7
327.2
328.1
329.5
330.9
169.8
170.8
172.3
175.3
176.9
178.2
178.9
179.7
180.4
180.6
181.3
182.2
9.9
May
June
July
August
September...
October
November....
December ...,
2,791.1
2,795.5
2,814.5
2,838.7
2,868.2
2,880.2
2,902.7
2,904.5
2,937.8
2,970.3
2,998.8
3,030.4
9.4
7.0
2.9
-2.4
-5.7
-4.5
-4.7
.4
6.9
177.0
174.0
172.9
182.5
183.9
185.6
192.6
190.5
196.5
196.4
199.1
202.4
46.7
46.2
45.9
45.9
45.9
46.0
46.3
39.6
47.0
47.8
48.1
48.2
67.1
68.1
68.8
69.3
70.2
70.6
71.5
72.2
72.8
73.4
73.8
74.0
376.1
378.3
381.7
386.5
391.8
397.9
406.4
412.8
418.8
424.7
429.6
433.8
432.1
434.8
439.2
439.6
444.7
442.9
438.4
438.3
437.1
436.1
443.9
446.1
116.9
116.5
117.0
117.6
118.7
119.1
119.9
120.3
121.0
122.6
123.0
123.8
1984
January
February
March
April
May
June
July
August
September..,
October
November....
December...,
3,060.3
3,099.5
3,129.3
3,163.9
3,174.9
3,206.7
3,231.0
3,263.3
3,293.8
3,282.4
3,307.8
3,323.6
1,781.5
1,793.8
1,806.4
1,828.8
1,833.2
1,851.7
1,866.8
1,874.2
1,891.9
1,894.1
1,910.3
1,928.0
1,445.4
1,455.2
1,465.6
1,486.2
1,505.6
1,518.1
1,522.7
1,538.2
1,539.3
1,554.0
1,570.2
562.9
569.7
572.6
579.0
581.7
587.7
590.6
594.7
595.9
597.4
601.3
605.6
428.7
433.4
436.1
440.8
441.7
444.9
448.4
451.3
452.8
454.8
457.3
460.3
429.2
430.0
432.9
439.5
439.4
445.0
449.0
448.7
453.8
453.7
459.5
462.3
453.3
455.6
460.1
467.7
467.8
472.9
478.5
479.4
488.5
488.2
493.2
502.2
336.2
338.6
340.8
342.6
344.3
346.1
348.7
351.5
353.7
354.8
356.2
357.8
183.5
184.5
185.4
186.4
187.3
188.2
188.6
189.7
190.9
192.7
194.2
195.6
16.0
22.7
26.4
24.1
23.4
23.9
22.6
22.5
22.8
23.9
24.5
25.0
204.2
218.1
221.9
226.4
225.2
228.0
224.6
238.0
244.8
222.8
224.9
227.6
48.4
48.2
47.7
45.8
45.8
46.5
48.6
50.2
51.9
54.4
56.8
56.6
74.1
75.1
75.8
76.1
75.8
75.6
75.2
74.7
75.4
75.6
75.7
75.9
434.4
439.4
446.0
455.8
464.1
472.6
484.7
491.0
495.0
493.9
495.1
496.0
446.8
447.1
449.7
451.9
451.6
452.9
453.3
456.7
455.9
459.9
461.9
455.4
129.3
130.1
131.4
131.6
132.7
133.5
133.9
134.8
134.9
135.6
136.5
1985
January
February
March
April
May
June
July
August
September...
October
November....
December....
3,353.0
3,370.3
3,394.9
3,397.7
3,409.4
3,430.0
3,442.5
3,455.6
3,469.7
3,503.5
3,512.7
3,551.1
1,933.3
1,942.6
1,963.5
1,964.9
1,974.7
1,993.0
1,994.4
2,008.7
2,025.1
2,036.1
2,045.1
2,069.3
1,570.3
1,577.3
1,596.6
1,593.5
1,605.0
1,621.8
1,620.6
1,632.2
1,646.0
1,656.1
1,662.0
1,684.4
608.2
620.5
613.7
616.3
618.9
619.2
622.8
624.4
630.6
630.1
634.5
462.3
459.6
471.2
463.0
464.9
467.2
467.8
470.0
470.3
476.6
475.6
478.5
461.5
464.9
468.1
468.7
473.2
477.5
476.7
479.2
483.5
484.5
487.0
493.2
500.0
504.2
507.9
511.1
515.4
525.4
524.7
530.2
538.0
541.0
544.9
556.7
363.0
365.3
367.0
371.4
369.7
371.2
373.8
376.5
379.1
380.0
383.2
384.9
197.1
198.3
199.4
200.0
201.1
202.3
203.7
204.9
206.0
207.2
208.1
208.9
26.1
26.1
25.5
23.6
22.8
22.2
21.4
21.3
21.8
24.2
24.3
23.6
240.0
243.7
244.0
242.4
242.1
242.1
244.7
244.9
245.3
250.1
250.3
250.3
53.5
52.3
51.1
49.4
48.6
48.3
49.3
49.3
39.7
47.9
39.7
47.7
77.4
77.7
78.2
78.5
79.0
79.5
79.8
79.9
80.1
80.4
81.0
80.9
494.8
496.2
498.4
503.4
505.8
507.6
506.6
508.8
512.2
516.9
522.1
527.9
476.0
479.1
481.6
482.4
482.8
483.7
491.4
487.6
490.5
492.4
494.5
496.5
145.1
145.6
146.8
146.9
147.5
148.6
148.8
149.8
150.9
151.7
152.4
154.1
June
July
August
September...
October
November....
December....
3,565.1
3,578.3
3,600.6
3,599.0
3,610.8
3,627.2
3,649.5
3,664.2
3,679.9
3,682.7
3,697.1
3,720.7
2,067.4
2,075.5
2,091.5
2,087.1
2,094.5
2,105.4
2,113.9
2,128.1
2,135.0
2,153.8
2,169.5
2,176.9
1,681.7
1,687.7
1,701.7
1,695.8
1,701.6
1,711.0
1,717.2
1,729.0
1,733.8
1,749.8
1,762.8
1,767.4
634.6
632.2
638.2
633.9
634.3
633.3
634.5
638.0
637.7
644.8
642.0
644.7
478.4
476.8
483.6
478.1
479.4
478.6
479.6
482.0
481.8
487.8
483.8
485.1
492.2
493.5
495.7
494.4
496.2
499.1
501.5
503.8
506.1
508.7
514.5
514.0
554.9
562.0
567.8
567.6
571.1
578.6
581.2
587.2
590.0
596.4
606.3
608.7
385.7
387.8
389.8
391.3
392.9
394.4
396.7
399.1
401.2
404.0
406.7
409.5
209.0
209.8
210.7
211.9
213.2
214.6
216.3
217.9
219.5
221.2
222.9
224.7
20.8
20.0
19.6
19.3
20.2
21.9
26.7
28.4
29.3
27.8
27.9
28.2
251.9
251.3
252.1
255.3
255.0
255.4
255.1
258.1
264.0
252.6
251.3
261.2
47.1
46.4
45.6
44.9
43.8
42.6
40.6
39.3
38.2
36.1
35.1
38.1
82.8
84.3
85.2
86.0
86.5
87.1
87.1
87.2
87.4
87.4
87.5
87.2
538.4
542.9
545.3
542.4
543.0
543.8
546.4
546.6
545.9
542.4
541.3
540.8
505.9
507.1
510.8
512.1
515.4
517.9
525.5
521.7
524.2
526.2
527.1
529.7
158.1
158.9
160.2
160.1
160.7
161.5
162.2
163.1
163.6
164.8
165.7
166.1
1987
January
February
March
April
May
June
July
August
September...
October
November
December
3,743.4
3,774.2
3,795.7
3,808.8
3,842.1
3,855.1
3,867.9
3,903.8
3,923.4
3,972.8
3,998.8
4,047.6
2,192.2
2,210.6
2,226.0
2,231.4
2,250.1
2,259.2
2,267.2
2,294.0
2,299.9
2,323.3
2,340.4
2,377.9
1,778.8
1,796.0
1,810.5
1,813.6
1,829.7
1,836.4
1,843.3
1,869.1
1,874.0
1,894.2
1,907.9
1,941.0
646.4
648.5
655.0
650.2
654.6
656.1
658.1
663.8
667.6
671.8
675.6
677.0
487.5
489.2
494.4
489.8
492.3
493.3
495.3
499.4
503.6
505.3
507.5
508.7
515.3
522.3
523.9
528.1
531.8
532.9
536.8
543.0
545.6
546.8 •
549.8
549.0
617.1
625.2
631.6
635.2
643.2
647.3
648.4
662.4
660.8
675.6
682.6
715.0
413.4
414.6
415.5
417.9
420.4
422.9
423.8
424.8
425.9
429.0
432.5
436.9
226.5
228.3
230.1
232.4
233.8
234.8
234.1
235.5
237.5
242.0
244.1
245.4
27.8
29.8
30.5
32.2
31.6
30.9
31.2
31.5
31.9
32.5
32.6
35.9
264.2
268.4
268.7
268.6
271.6
273.1
275.3
276.6
277.7
278.1
278.9
281.4
40.7
42.7
43.8
41.1
41.2
42.3
41.0
43.0
44.9
50.8
52.3
53.6
88.5
87.9
87.7
87.5
88.5
89.0
89.8
90.6
91.6
92.7
93.9
94.6
539.8
540.9
543.1
548.0
551.6
555.2
557.5
562.4
568.5
580.8
585.4
587.3
533.0
535.8
536.9
539.0
546.2
543.4
545.3
545.3
546.7
548.9
548.6
550.8
169.3
170.2
171.0
171.4
172.5
172.9
173.5
175.0
175.2
176.3
177.3
179.4
1993
1994
1982
January
February
March
June
July
August
September
October
November
December
1983
January
February
March
1986
January
February
March
April
fay
15.0
15.2
SURVEY OF CURRENT BUSINESS
August 1998
• 133
Table 2.8.—Personal Income by Type of Income—Continued
[Billions of dollars; months seasonally adjusted at annual rates]
1
Year and month
1988
January
February
March
April
May
June
July
August
September...
October
November
December..;.,
Personal
income
Goods-producing
All
industries
Private
industries
Total
Manufacturing
Distributive
Service
Government
Other
labor
income
lupiiviui^
iiiwm^
with inventory valuation and capital consumption adjustments
Farm
4,045.6
4,070.1
4,095.2
4,123.8
4,136.5
4,163.6
4,194.7
4,210.5
4,234.4
4,269.2
4,281.7
4,321.1
2,364.7
2,382.4
2,395.6
2,421.4
2,433.4
2,452.3
2,471.1
2,471.6
2,486.2
2,517.8
2,515.2
2,531,3
1,925.3
1,941.0
1,952.6
1,976.1
1,985.8
2,002.4
2,019.7
2,018.8
2,032.2
2,060.9
2,055.1
2,068.4
683.6
687.9
699.1
699.2
701.7
706.6
710.4
709.7
714.7
725.6
722.2
722.9
513.6
516.3
526.1
523.2
525.7
529.1
531.7
530.9
535.2
545.5
542.3
542.1
556.8
562.0
560.3
568.5
570.0
574.5
580.4
579.1
582.7
588.9
587.4
593.2
684.8
691.0
693.2
708.3
714.2
721.3
728.9
730.0
734.8
746.3
745.5
752.3
439.4
441.4
443.0
445.4
447.6
449.9
451.4
452.8
454.0
456.9
460.1
462.9
244.9
245.8
246.9
248.4
249.7
250.9
251.9
253.2
254.7
256.4
258.0
259.7
37.9
39.1
39.6
34.5
29.7
27.5
30.5
29.3
24.0
12.2
January
February
March
April
May
June
July
August
September ....
October
November
December
4,382.1
4,407.6
4,448.3
4,469.4
4,468.6
4,488.3
4,505.8
4,513.8
4,523.4
4,554.1
4,587.7
4,607.7
2,552.2
2,550.3
2,565.4
2,581.3
2,570.5
2,582.6
2,604.9
2,601.2
2,615.1
2,646.9
2,647.3
2,659.7
2,084.8
2,081.3
2,095.2
2,108.9
2,095.6
2,105.4
2,124.8
2,118.4
2,129.6
2,158.4
2,156.1
2,165.9
727.0
726.9
734.6
729.2
727.3
727.9
730.3
732.8
732.6
741.5
739.6
739.4
545.8
546.2
553.8
546.3
545.1
545.7
546.7
547.4
546.8
553.8
549.9
549.7
600.4
598.4
600.0
607.7
601.5
603.9
610.1
603.3
608.7
615.6
614.6
617.7
757.4
755.9
760.5
772.0
766.8
773.6
784.5
782.3
788.3
801.3
802.0
808.8
467.4
469.0
470.2
472.4
474.9
477.2
480.0
482.8
485.6
488.5
491.2
493.7
1990
January
February
March
April
May
June
July
August
September....
October
November
December
4,661.6
4,698.0
4,723.9 .
4,764.6
4,767.3
4,799.4
4,829.2
4,833:4
4,864.5
4,858.2
4,865.2
4,889.2
2,678.4
2,707.8
2,725.7
2,748.8
2,744.4
2,765.7
2,782.4
2,775.7
2,795.2
2,780.0
2,782.8
2,803.0
2,177.9
2,203.2
2,217.8
2,237.9
2,229.9
2,248.1
2,263.9
2,255.3
2,271.7
2,253.7
2,253.6
2,270.7
739.6
751.2
755.3
757.7
756.0
759.5
759.2
756.9
759.4
755.6
748.8
750.9
547.7
556.4
560.4
564.5
562.4
564.8
565.3
564.1
565.4
564.7
558.1
560.8
620.6
624.2
628.3
634.2
630.8
636.6
639.2
636.5
640.9
636.0
637.9
643.4
817.6
827.8
834.2
846.0
843.1
852.1
865.5
861.8
871.4
862.1
866.9
876.3
1991
January
February
March
April
May
June
July
August
September....
October
November
December
4,878.2
4,882.5
4,896.5
4,922.8
4,945.1
4,977.7
4,965.8
4,982.4
5,007.9
5,011.7
5,034.6
5,082.5
2,788.9
2,787.6
2,791.6
2,799.0
2,809.1
2,837.3
2,825.2
2,835.9
2,855.3
2,848.5
2,862.2
2,890.7
2,250.1
2,246.1
2,248.0
2,255.0
2,264.0
2,290.5
2,277.5
2,289.2
2,309.2
2,300.3
2,311.3
2,337.4
746.2
742.2
739.0
740.2
742.1
746.1
747.3
749.4
751.6
750.3
749.1
752.3
558.3
554.5
553.6
555.3
558.0
562.0
564.2
566.5
568.2
568.8
569.5
570.6
637.3
634.6
638.2
638.6
643.0
652.0
645.7
648.8
654.7
650.7
654.5
660.6
5,109.9
5,155.6
5,168.7
5,194.1
5,218.6
5,238.3
5,249.5
5,236.6
5,280.4
5,325.0
5,349.1
5,542.0
2,889.3
2,925.3
2,934.9
2,942.2
2,959.0
2,967.5
2,974.3
2,996.5
2,993.7
3,010.5
3,032.7
3,210.9
2,330.2
2,363.5
2,371.5
2,376.6
2,391.8
2,398.6
2,404.5
2,426.4
2,424.1
2,437.6
2,461.0
2,637.9
749.1
752.4
756.7
759.3
762.7
763.7
764.4
765.4
764.1
766.5
769.2
815.2
567.7
572.3
574.5
577.2
580.4
581.2
583.1
582.8
583.1
583.2
585.8
630.2
May ..'.'."".'.".".'.".'
June
July
August
September
October
November
December
5,329.0
5,337.7
5,329.6
5,445.5
5,480.3
5,472.5
5,479.3
5,518.4
5,519.5
5,541.4
5,564.8
5,754.5
2,975.2
2,979.4
2,971.7
3,064.6
3,091.9
3,081.5
3,097.5
3,119.4
3,116.3
3,130.0
3,137.7
3,310.1
2,390.9
2,399.9
2,392.3
2,484.4
2,510.3
2,498.7
2,513.1
2,533.2
2,528.1
2,542.4
2,549.6
2,720.5
748.2
752.4
748.4
780.1
780.5
779.2
783.2
785.3
791.0
793.2
797.5
835.0
1994
January
February
March
April
May
June
July
August
September
October
November
December
5,529.1
5,595.1
5,625.8
5,707.1
5,743.1
5,749.2
5,777.7
5,800.2
5,834.3
5,894.2
5,902.7
5,936.8
3,138.4
3,128.5
3,148.0
3,214.5
3,241.8
3,239.7
3,256.6
3,262.2
3,281.9
3,319.6
3,318.6
3,338.5
2,543.8
2,532.1
2,551.1
2,615.4
2,638.1
2,638.6
2,654.5
2,658.7
2,677.0
2,713.1
2,710.8
2,728.7
793.5
794.9
802.9
816.1
821.2
824.1
829.0
832.0
837.6
842.9
847.5
851.3
Nonfarm
Rental income
of persons with
capital
consumption
adjustment
Personal
dividend
income
Personal
interest
income
Transfer
payments
Less:
Personal
contributions
for social
insurance
16.4
287.7
291.1
294.8
305.5
307.8
311.9
309.7
313.0
315.2
317.3
318.8
321.1
52.1
52.6
52.5
54.5
54.1
54.0
51.4
51.9
54.9
58.9
62.1
62.5
97.6
98.3
99.0
100.1
101.2
102.5
104.1
106.2
107.8
109.8
111.4
112.1
583.1
582.3
581.5
577.3
579.0
583.3
593.6
600.3
606.9
611.1
619.1
628.9
566.2
568.3
575.8
574.0
574.2
575.0
577.6
580.2
581.0
584.0
586.4
588.8
188.7
189.7
190.4
191.9
192.6
193.8
195.2
195.2
196.2
198.3
198.3
199.6
261.3
263.1
265.2
267.5
269.7
271.9
274.2
276.5
278.7
280.6
283.0
285.6
29.9
41.9
45.3
39.3
38.6
37.3
33.9
32.9
32.6
34.1
34.6
34.9
323.5
322.3
322 9
319.3
317.8
317.1
316.2
321.3
320.0
320.4
325.5
327.3
58.1
57.1
56.0
58.2
56.8
55.5
51.6
50.7
40.9
33.4
50.5
51.8
116.9
119.0
121.2
123.2
124.7
126.3
128.1
129.2
130.2
131.7
132.8
132.4
643.4
653.9
663.7
675.3
681.4
684.8
682.1
682.4
682.4
680.4
681.2
683.1
604.1
607.2
617.2
615.0
618.0
622.5
626.3
630.9
635.5
640.7
647.0
647.7
207.3
207.3
208.5
209.6
209.0
209.9
211.4
211.2
212.1
214.2
214.2
214.8
500.6
504.6
507.9
510.9
514.5
517.5
518.5
520.4
523.5
526.3
529.2
532.3
288.9
291.5
293.8
295.7
297.8
299.9
302.1
304.0
305.9
307.8
309.3
310.6
36.9
33.4
36.2
38.3
38.5
38.1
35.8
34.8
34.1
34.4
33.3
31.6
333.6
332.3
330.6
335.9
337.5
338.0
341.4
344.5
345.1
341.2
341.9
340.8
54.1
55.2
56.2
56.3
57.5
59.0
62.6
64.4
66.0
66.1
66.9
67.1
135.0
136.2
137.2
138.2
135.3
135.9
135.4
134.7
134.1
133.2
132.3
130.9
687.4
690.6
693.9
697.5
701.0
704.6
709.3
711.9
713.7
715.0
714.6
712.9
668.8
670.4
672.4
674.1
676.8
683.3
686.0
688.6
697.1
706.2
710.0
719.9
221.5
219.4
222.1
220.3
221.6
225.0
225.9
225.4
226.5
225.7
226.0
227.6
866.6
869.2
870.8
876.2
878.9
892.4
884.6
891.0
902.9
899.3
907.6
924.5
538.8
541.6
543.6
544.0
545.1
546.8
547.7
546.7
546.2
548.2
550.9
553.3
310.7
312.2
314.2
317.4
319.7
322.0
324.1
326.3
328.4
330.1
332.4
334.9
27.7
25.0
26.8
32.0
34.8
33.3
28.0
27.0
26.9
27.6
30.9
31.5
333.6
336.3
338.0
342.4
345.5
348.2
350.9
351.2
352.8
352.1
354.8
360.4
66.7
66.3
66.1
65.9
66.0
66.2
65.8
66.8
68.6
66.8
74.1
75.9
134.8
137.4
137.0
137.3
138.3
138.8
139.3
139.2
139.1
138.2
137.1
135.4
707.5
705.2
703.5
703.6
702.3
700.8
698.7
697.0
695.4
695.9
692.8
688.3
741.2
745.5
752.5
758.8
763.6
767.3
769.8
775.7
779.3
790.5
788.8
805.9
232.9
232.9
233.1
233.5
234.1
236.1
236.0
236.7
237.9
237.8
238.4
240.5
658.5
669.8
670.3
670.6
675.7
674.7
676.3
683.4
684.9
685.5
691.7
722.7
922.7
941.3
944.5
946.8
953.3
960.2
963.8
977.6
975.1
985.6
1,000.1
1,100.0
559.0
561.8
563.5
565.5
567.2
568.9
569.8
570.1
569.6
572.9
571.7
573.0
338.2
340.8
343.3
345.1
347.5
350.1
353.6
356.0
358.0
358.4
360.8
363.9
34.6
37.5
35.4
34.6
36.0
40.6
40.0
39.1
37.8
37.8
36.6
35.0
372.8
374.3
375.9
382.4
383.6
385.4
387.3
387.0
388.5
399.9
403.5
399.6
76.4
77.2
78.0
78.3
79.4
80.7
82.3
45.2
81.1
88.6
91.0
94.1
133.5
132.7
132.3
132.9
133.7
135.0
136.6
138.7
140.4
143.0
145.8
149.7
677.7
673.5
671.2
674.9
673.4
670.6
663.5
660.8
659.3
660.7
660.4
660.0
830.9
840.1
844.0
850.3
853.6
856.5
860.8
863.6
871.6
877.5
870.8
879.2
243.4
245.8
246.4
246.5
247.6
248.1
248.8
250.2
250.0
251.4
252.5
250.4
566.5
568.2
565.3
594.5
592.2
591.9
594.2
595.7
601.5
601.1
604.7
639.0
679.1
678.7
674.8
693.4
702.0
697.7
702.6
706.3
704.0
708.5
707.2
738.8
963.6
968.8
969.1
1,010.9
1,027.9
1,021.9
1,027.2
1,041.7
1,033.1
1,040.7
1,044.9
1,146.7
584.3
579.4
579.4
580.2
581.6
582.8
584.4
586.1
588.3
587.6
588.1
589.6
371.3
374.4
375.7
379.2
383.9
383.8
386.9
390.6
390.9
393.3
394.6
396.7
30.0
29.2
29.9
36.1
37.5
35.2
26.8
23.4
26.6
32.2
39.0
42.7
409.5
412.3
410.0
413.9
417.9
416.1
417.7
422.9
421.3
422.3
426.8
430.3
99.5
102.3
97.4
104.6
105.6
106.6
100.6
108.3
109.5
107.6
111.8
115.0
139.4
140.5
141.5
142.7
144.1
145.7
147.4
149.2
151.1
153.1
154.8
155.9
661.3
660.4
659.3
656.3
653.3
651.3
649.8
647.7
645.9
644.2
641.0
641.1
897.6
894.7
899.4
906.3
906.2
911.7
913.2
918.9
919.8
921.9
922.9
931.2
254.9
255.6
255.2
258.1
260.1
259.5
260.6
262.1
262.0
263.1
263.8
268.7
598.6
598.4
605.2
615.2
618.9
621.2
624.1
626.8
629.8
633.7
637.1
640.6
715.7
711.9
719.9
732.8
738.9
742.1
745.7
746.4
752.0
764.1
761.3
765.4
1,034.6
1,025.3
1,028.3
1,066.5
1,078.1
1,072.4
1,079.8
1,080.3
1,087.4
1,106.1
1,101.9
1,112.0
594.6
596.4
596.9
599.1
603.7
601.1
602.1
603.4
604.9
606.5
607.8
609.8
399.8
398.3
400.4
402.2
405.0
403.9
406.8
406.4
407.5
411.0
409.1
409.3
46.5
47.9
44.8
41.1
38.8
36.7
34.9
33.2
31.6
31.2
29.3
27.0
389.8
430.5
432.4
434.9
436.5
436.3
435.6
438.8
440.8
444.3
446.5
450.2
93.6
120.7
124.0
124.5
126.0
127.5
127.9
130.2
132.1
129.8
128.9
128.0
157.2
158.9
161.2
164.3
166.8
169.2
171.8
174.4
177.5
180.7
184.0
186.2
639.5
640.8
643.9
651.0
656.3
661.9
666.9
673.8
681.6
693.5
700.9
706.8
936.3
941.0
943.9
949.6
948.8
951.0
955.3
959.9
961.1
966.6
967.9
974.7
272.0
271.4
272.7
275.0
276.8
276.9
278.1
278.5
279.8
282.4
282.4
283.8
9.0
1989
1992
January
February
March
April
May
June
July
August
September
October
November
December
1993
January
February
March
SURVEY OF CURRENT BUSINESS
• August 1998
Table 2.9.—Personal Income and Its Disposition
[Months seasonally adjusted at annual rates]
Disposable personal income
Billions of dollars
Per capita
Less: Personal outlays
Year and month
Personal
income
Personal tax
and nontax
payments
Equals:
Disposable
personal income
Total
Personal
consumption
expenditures
Interest paid
by persons
Personal
transfer
payments to
rest of the
world (net)
Equals:
Personal
saving
Total, billions
of chained
(1992)
dollars 1
Current
dollars
Chained
(1992) dollars
Population
(mid-period,
thousands)
Personal saving
as a percentage
of disposable
persona! income
1982
1983
1984
2,724.1
2,894.4
3,211.4
371.4
369.3
395.5
2,352.7
2,525.1
2,815.9
2,141.8
2,355.5
2,574.4
2,076.8
2,283.4
2,492.3
58.8
65.5
74.7
6.2
6.5
7.4
210.9
169.7
241.5
3,491.1
3,583.7
3,849.9
10,132
10,776
11,912
15,034
15,293
16,286
232,218
234,332
236,394
9.0
6.7
8.6
1985
1986
1987
9
1989
3,440.9
3,639.6
3,877.8
4,178.9
4,496.4
437.7
459.9
514.2
532.0
594.9
3,003.2
3,179.7
3,363.6
3,646.9
3,901.5
2,795.8
2,991.1
3,194.7
3,451.7
3,706.7
2,704.8
2,892.7
3,094.5
3,349.7
3,594.8
83.2
90.3
91.5
92.9
102.4
7.8
8.1
8.7
9.1
9.6
207.4
188.6
168.9
195.1
194.8
3,960.3
4,076.9
4,154.7
4,325.3
4,411.7
12,592
13,211
13,851
14,881
15,771
16,605
16,939
17,109
17,650
17,833
238,506
240,682
242,842
245,061
247,387
6.9
5.9
5.0
5.4
5.0
1990
1991
1992
1993
1994
4,796.2
4,965.6
5,255.7
5,481.0
5,757.9
624.8
624.8
650.5
690.0
739.1
4,171.4
4,340.9
4,605.1
4,791.1
5,018.9
3,958.1
4,097.4
4,341.0
4,580.7
4,842.1
3,839.3
3,975.1
4,219.8
4,459.2
4,717.0
108.9
111.9
9.9
10.4
111.7
110.9
9.6
13.3
14.2
213.
243.5
264.1
210.3
176.8
4,489.6
4,483.5
4,605.1
4,666.7
4,772.9
16,689
17,179
18,029
18,558
19,251
17,962
17,744
18,029
18,077
18,308
249,956
252,680
255,432
258,161
260,705
5.1
5.6
5.7
4.4
3.5
2,646.4
2,662.9
2,671.5
2,702.9
2,721.6
2,727.6
2,733.7
2,739.4
2,744.1
2,764.7
2,781.5
2,793.0
366.1
372.5
371.9
366.6
378.3
384.6
365.1
367.6
367.8
369.9
371.7
374.7
2,280.3
2,290.5
2,299.6
2,336.3
2,343.3
2,343.1
2,368.6
2,371.8
2,376.3
2,394.8
2,409.8
2,418.3
2,068.
57.6
57.4
57.5
57.6
58.1
58.4
58.6
58.9
59.3
59.9
60.7
61.2
5.9
5.9
5.9
6.2
6.2
6.2
6.4
6.4
6.4
6.4
6.4
6.4
212.
198.4
205.7
2,230.9
2,004.7
2,028.8
2,030.6
2,033.0
2,051.0
2,054.4
2,078.4
2,085.6
2,109.3
2,130.2
2,152.5
2,163.3
187.3
3,454.2
3,459.2
3,466.7
3,519.6
3,507.8
3,482.1
3,498.7
3,494.4
3,489.8
3,496.6
3,508.1
3,516.1
9,931
10,082
10,105
10,095
10,197
10,202
10,211
10,282
10,339
10,368
14,938
14,950
14,971
15,189
15.126
15,003
15,062
15,030
14,997
15,013
15,051
15,075
231,235
231,392
231,558
231,727
231,901
232,090
232,290
232,496
232,708
232,905
233,077
233,241
9.3
8.7
8.9
10.3
9.7
9.6
9.5
9.3
8.5
8.3
7.9
7.7
2,791.1
2,795.5
2,814.5
2,838.7
2,868.2
2,880.2
2,902.7
2,904.5
2,937.8
2,970.3
3,030.4
365.0
366.6
368.8
367.4
378.5
382.0
360.3
362.6
365.0
369.7
371.2
374.4
2,426.2
2,428.9
2,445.8
2,471.3
2,489.8
2,498.2
2,542.4
2,541.9
2,572.8
2,600.6
2,627.7
2,656.0
2,242.4
2,244.7
2,273.3
2,302.4
2,325.3
2,354.5
2,377.6
2,389.2
2,402.8
2,430.8
2,445.7
2,476.9
2,174.6
2,176.2
2,204.3
2,232.8
2,255.3
2,283.5
2,305.3
2,316.0
2,329.0
2,355.6
2,369.0
2,399.4
61.8
62.5
63.0
63.2
63.6
64.6
65.5
66.4
67.1
68.3
69.8
70.6
6.0
6.0
6.0
6.4
6.4
6.4
6.8
6.8
6.8
6.9
6.9
6.9
183.8
184.2
172.5
169.0
164.5
143.7
164.8
152.7
170.0
169.8
182.0
179.1
3,510.6
3,509.1
3,526.8
3,539.4
3,550.8
3,551.3
3,599.1
3,584.5
3,614.5
3,642.6
3,670.4
3,705.4
10,846
10,835
10,957
11,067
11,174
11,287
15,041
15,026
15,091
15,135
15,173
15,163
15,354
15,279
15,394
15,501
15,608
15,747
233,398
233,543
233,697
233,852
234,020
234,213
234,404
234,601
234,804
234,993
235,157
235,310
7.6
7.6
7.1
6.8
6.6
5.8
6.5
6.0
6.6
6.5
6.9
6.7
January
February
March
April
May
June:::::.:::.:.:
July
August
September
October
November
December
3,060.3
3,099.5
3,129.3
3,163.9
3,174.9
3,206.7
3,231.0
3,263.3
3,293.8
3,282.4
3,307.8
3,323.6
375.3
379.4
381.4
383.6
386.9
392.8
398.0
400.9
406.0
408.2
413.7
419.6
2,685.0
2,720.1
2,747.9
2,780.4
2,788.0
2,814.0
2,833.1
2,862.4
2,887.7
2,874.2
2,894.1
2,903.9
2,506.2
2,485.4
2,511.3
2,536.9
2,555.5
2,578.3
2,574.1
2,591.8
2,615.3
2,616.1
2,656.8
2,664.5
2,428.8
2,406.6
2,431.9
2,456.9
2,474.2
2,495.8
2,491.4
2,508.6
2,531.6
2,531.5
2,571.7
2,578.5
70.3
71.6
72.2
72.7
73.9
75.1
75.4
75.9
76.4
76.9
77.4
78.3
7.1
7.1
7.1
7.4
7.4
7.4
7.3
7.3
7.3
7.7
7.7
7.7
178.7
234.7
236.6
243.4
2325
235.7
259.0
270.6
272.4
258.1
237.3
239.4
3,731.1
3,764.6
3,791.9
3,823.2
3,827.0
3,853.7
3,869.9
3,896.5
3,920.8
3,891.7
3,911.2
3,917.8
11,403
11,545
11,655
11,785
11,810
11,911
11,982
12,095
12,191
12,124
12,199
12,233
15,846
15,979
16,084
16,206
16,211
16,312
16,367
16,465
16,553
16,416
16,486
16,503
235,456
235,601
235,757
235,916
236,077
236,254
236,449
236,655
236,868
237,068
237,238
237,392
6.7
8.6
8.6
8.8
8.3
8.4
9.1
9.5
9.4
9.0
8.2
8.2
1985
January
February
March
April
May
June
July
August
September
October
November
December
3,353.0
3,370.3
3,394.9
3,397.7
3,409.4
3,430.0
3,442.5
3,455.6
3,469.7
3,503.5
3,512.7
3,551.1
419.3
452.1
482.2
425.8
359.0
438.6
438.8
442.2
445.5
447.0
448.6
452.8
2,933.7
2,918.2
2,912.7
2,971.9
3,050.4
2,991.4
3,003.7
3,013.4
3,024.1
3,056.6
3,064.1
3,098.3
2,693.9
2,716.5
2,724.8
2,739.0
2,778.1
2,773.5
2,796.3
2,828.8
2,877.9
2,846.1
2,866.7
2,907.8
2,607.0
2,628.7
2,635.8
2,649.4
2,687.9
2,682.8
2,704.9
2,737.1
2,784.9
2,752.8
2,772.8
2,813.2
79.1
80.0
81.1
81.8
82.5
83.0
83.4
83.7
85.0
85.6
86.2
86.9
7.9
7.9
7.9
7.7
7.7
7.7
8.0
8.0
8.0
7.7
7.7
7.7
239.8
201.7
187.9
233.0
272.3
217.9
207.4
184.6
146.3
210.4
197.4
190.5
3,943.3
3,904.9
3,880.9
3,949.2
4,040.6
3,948.8
3,956.8
3,958.7
3,960.5
3,987.7
3,981.6
4,010.7
12,351
12,278
12,248
12,488
12,808
12,550
12,590
12,620
12,653
12,778
12,799
12,934
16,601
16,430
16,319
16,594
16,965
16,566
16,585
16,578
16,571
16,670
16,632
16,742
237,535
237,667
237,816
237,987
238,172
238,368
238,573
238,789
239,006
239,210
239,392
239,558
8.2
6.9
6.5
7.8
8.9
7.3
6.9
6.1
4.8
6.9
6.4
6.1
3,565.1
3,578.3
3,600.6
3,599.0
3,610.8
3,627.2
3,649.5
3,664.2
3,679.9
3,682.7
3,697.1
3,720.7
446.1
447.4
448.3
447.7
450.0
456.0
458.0
462.7
465.9
471.1
477.6
488.1
3,119.0
3,130.9
3,152.3
3,151.3
3,160.8
3,171.2
3,191.5
3,201.6
3,214.0
3,211.6
3,219.5
3,232.5
2,922.7
2,916.1
2,920.4
2,934.6
2,959.7
2,965.8
2,987.6
3,006.7
3,081.5
3,044.9
3,041.8
3,111.4
2,826.8
2,819.6
2,823.6
2,837.3
2,861.8
2,867.8
2,888.9
2,907.8
2,981.8
2,944.3
2,941.3
3,011.2
88.0
88.7
89.0
89.4
90.0
90.2
90.6
90.8
91.6
92.2
92.1
91.7
7.8
7.8
7.8
7.9
7.9
7.9
8.1
8.1
8.1
8.5
8.5
8.5
196.3
214.8
231.9
216.7
201.2
205.4
203.9
194.9
132.6
166.7
177.7
121.1
4,022.4
4,038.0
4,075.0
4,077.7
4,078.1
4,075.1
4,094.5
4,097.5
4,096.4
4,086.1
4,087.1
4,094.9
13,011
13,053
13,134
13,120
13,150
13,183
13,256
13,287
13,327
13,306
13,329
13,374
16,780
16,835
16,979
16,977
16,929
16,921
16,942
239,713
239,858
240,011
240,183
240,365
240,555
240,753
240,961
241,171
241,371
241,544
241,702
6.3
6.9
7.4
6.9
6.4
6.5
6.4
6.1
4.1
5.2
5.5
3.7
3,743.4
3,774.2
3,795.7
3,808.8
3,842.1
3,855.1
3,867.9
3,903.8
3,923.4
3,972.8
3,998.8
4,047.6
474.3
471.3
478.4
608.3
499.5
502.5
507.3
515.1
519.5
523.4
528.6
541.9
3,269.1
3,302.9
3,317.3
3,200.6
3,342.6
3,352.6
3,360.7
3,388.7
3,403.9
3,449.3
3,470.2
3,505.7
3,055.5
3,120.2
3,129.2
3,155.4
3,164.9
3,190.0
3,212.0
3,249.4
3,244.6
3,255.0
3,264.4
3,295.7
2,956.3
3,021.0
3,029.9
3,055.4
3,065.0
3,089.8
3,110.9
3,148.3
3,143.5
3,154.5
3,164.2
3,195.3
91.0
91.0
91.1
91.2
91.1
91.4
92.1
92.0
92.0
91.8
91.6
91.7
8.3
8.3
8.3
8.8
8.8
8.8
9.0
9.0
9.0
8.7
8.7
8.7
213.6
182.6
188.1
45.1
177.7
162.6
148.7
139.4
159.3
194.3
205.8
210.0
4,115.2
4,140.7
4,148.0
3,988.6
4,153.7
4,151.0
4,150.2
4,165.2
4,166.1
4,204.7
4,217.5
4,255.4
13,517
13,648
13,699
13,207
13,783
13,814
13,835
13,939
13,989
14,163
14,238
14,374
17,015
17,110
17,129
16,459
17,128
17,103
17,085
17,132
17,121
17,265
17,305
17,448
241,857
242,005
242,166
242,338
242,516
242,706
242,908
243,118
243,335
243,543
243,724
243,895
6.5
5.5
5.7
1.4
5.3
4.8
4.4
4.1
4.7
5.6
5.9
6.0
108.
1982
January
February
March
April
June
July
August
September
October
November
December
2,092.1
2,094.0
2,096.8
2,115.3
2,119.1
2,143.3
2,150.9
2,175.0
2,196.5
2,219.7
239.5
228.0
224.0
2253
220.9
201.3
198.3
190.2
1983
January
February
March
May.!
lay.
June ....
July
August
September
October
November
December
10,395
10,400
10,466
10,568
10,639
1984
1986
January
February
March
April
My . Z I Z
a
June
July
August
September
October
November
December
1987
January
February
March
June
July
August
September
October
November
December
See footnote at the end of the table.
16,940
17,007
17,005
August 1998
SURVEY OF CURRENT BUSINESS
• 135
Table 2.9.—Personal Income and Its Disposition—Continued
[Months seasonally adjusted at annual rates]
Billions of dollars
Disposable personal income
Less: Personal outlays
Year and month
Personal
income
Less:
Personal tax
and nontax
payments
Equals:
Disposable
personal income
Total
Personal
consumption
expenditures
Per capita
Interest paid
by persons
Personal
transfer
payments to
rest of the
world (net)
Equals:
Personal
saving
Total, billions
of chained
(1992)
dollars'
Current
dollars
Chained
(1992) dollars
Population
(mid-period,
thousands)
Personal saving
as a percentage
of disposable
personal income
1988
January
February
March
April
May
June
July
August
September
October
November
December
4,045.6
4,070.1
4,095.2
4,123.8
4,136.5
4,163.6
4,194.7
4,210.5
4,234.4
4,269.2
4,281.7
4,321.1
518.0
509.1
517.8
551.5
529.8
524.0
529.6
531.4
536.0
542.9
544.3
549.7
3,527.6
3,561.0
3,577.4
3,572.4
3,606.7
3,639.6
3,665.1
3,679.1
3,698.4
3,726.3
3,737.3
3,771.3
3,333.3
3,336.4
3,374.7
3,382.4
3,414.3
3,438.5
3,464.3
3,489.1
3,499.1
3,541.5
3,558.3
3,588.6
3,232.5
3,235.4
3,273.5
3,281.1
3,312.8
3,336.7
3,362.8
3,387.1
3,397.0
3,438.7
3,454.8
3,484.1
91.7
91.9
92.1
92.2
92.4
92.8
92.8
93.2
93.3
93.4
94.2
95.2
9.2
9.2
9.2
9.1
9.1
9.1
8.8
8.8
8.8
9.3
9.3
9.3
194.4
224.6
202.7
190.0
192.5
201.1
200.8
190.0
199.3
184.8
179.0
182.7
4,271.6
4,307.2
4,311.4
4,282.6
4,307.3
4,326.8
4,335.8
4,337.5
4,337.4
4,353.1
4,354.3
4,378.5
14,454
14,582
14,640
14,609
14,739
14,861
14,952
14,995
15,060
15,160
15,194
15,322
17,503
17,638
17,644
17,514
17,602
17,667
17,688
17,679
17,662
17,711
17,702
17,789
244,056
244,205
244,362
244,528
244,708
244,914
245,131
245,352
245,579
245,789
245,970
246,140
5.5
6.3
5.7
5.3
5.3
5.5
5.5
5.2
5.4
5.0
4.8
4.8
1989
January
February
March
April
May
June
July
August
September
October
November
December
4,382.1
4,407.6
4,448.3
4,469.4
4,468.6
4,488.3
4,505.8
4,513.8
4,523.4
4,554.1
4,587.7
4,607.7
580.8
571.0
581.4
618.5
596.0
587.6
592.2
593.7
598.0
604.2
605.5
609.3
3,801.3
3,836.6
3,866.9
3,850.9
3,872.6
3,900.7
3,913.6
3,920.1
3,925.4
3,949.9
3,982.2
3,998.4
3,611.0
3,612.2
3,620.7
3,669.1
3,679.9
3,693.3
3,713.4
3,752.2
3,754.4
3,772.4
3,780.0
3,821.7
3,503.4
3,503.6
3,511.4
3,558.8
3,568.7
3,581.6
3,601.3
3,639.3
3,641.2
3,657.6
3,664.7
3,705.9
98.4
99.4
100.1
100.8
101.7
102.2
102.8
103.5
103.8
104.7
105.2
105.7
9.3
92
92
95
9.5
9.5
9.4
9.4
9.4
190.3
224.3
246.2
181.9
192.7
207.3
200.2
167.9
171.0
177.5
202.2
176.7
4,388.6
4,414.6
4,429.5
4,381.0
4,387.7
4,410.9
4,413.3
4,416.5
4,407.6
4,412.8
4,436.3
4,440.9
15,433
15,567
15,679
15,603
15,678
15,778
15,815
15,826
15,832
15,916
16,033
16,086
17,818
17,913
17,960
17,750
17,763
17,842
17,835
17,831
17,777
17,781
17,861
17,866
246,301
246,454
246,626
246,814
247,010
247,228
247,458
247,695
247,942
248,174
248,380
248,569
5.0
5.8
6.4
4.7
5.0
5.3
5.1
4.3
4.4
4.5
5.1
4.4
1990
January
February
March
April
May
""*/
June
July
August
September
October
November
December
4,661.6
4,698.0
4,723.9
4,764.6
4 767 3
4,799.4
4 8292
4,833.4
4,864.5
4,858.2
4,865.2
4,889.2
607.7
613.6
6175
624.4
6279
632.4
6314
629.5
631.6
627.1
625.6
628.7
4,053.9
4,084.4
4,106.3
4,140.2
4,139.4
4,167.0
4,197.8
4,203.9
4,232.9
4,231.1
4,239.6
4,260.5
3,867.4
3,866.9
3,893.0
3,914.7
3,918.0
3,955.5
3,974.3
4,001.1
4,022.5
4,029.0
4,030.8
4,024.0
3,751.4
3,750.1
3,776.1
3,797.8
3,800.4
3,837.3
3,854.7
3,881.0
3,901.9
3,908.2
3,909.7
3,903.1
106.1
106.9
107.1
107.5
108.1
108.6
109.4
109.9
110.3
110.7
111.1
110.9
10.2
10.2
10.2
10.1
10.1
10.1
186.5
217.4
213.4
225.5
221.3
211.5
223.4
202.8
210.5
202.2
208.8
236.5
4,472.8
4,487.3
4,488.6
4,507.9
4,492.2
4,500.8
4,519.3
4,495.4
4,497.1
4,466.9
4,466.2
4,480.5
16,297
16,408
16,483
16,605
16,587
16,682
16,788
16,796
16,894
16,870
16,889
16,957
17,982
18,027
18,017
18,080
18,000
18,018
18,074
17,960
17,949
17,810
17,791
17,833
248,743
248,920
249,123
249,339
249 561
249,794
250 040
250,299
250,558
250,804
251,035
251,254
46
5.3
52
5.4
53
5.1
53
4.8
5.0
4.8
4.9
5.6
48782
4,882.5
4,896.5
4,922.8
4 9451
4,977.7
4,965.8
4,982.4
5,007.9
5,011.7
5,034.6
5,082.5
6253
621.6
620.1
619.9
6191
622.6
620.7
622.8
627.5
629.7
631.0
636.9
42529
4,260.9
4,276.5
4,302.9
4 3260
4,355.0
4,345.1
4,359.6
4,380.4
4,382.0
4,403.6
4,445.6
4 0013
4,026.2
4,069.9
4,064.0
4 0892
4,096.7
4,119.0
4,116.9
4,135.8
4,122.5
4,153.2
4,173.6
3,879.8
3,904.4
3,947.9
3,941.8
3,966.8
3,974.4
3,996.7
3,994.4
4,013.7
3,999.8
4,030.6
4,050.8
111.1
111.4
111.7
111.9
1121
112.0
112.0
112.3
111.8
112.1
111.9
112.2
10.4
10.4
10.4
10.3
10.3
10.3
10.2
10.2
10.2
10.6
10.6
10.6
251.6
234.7
206.6
239.0
236 8
258.3
226.2
242.7
244.6
259.5
250.4
272.0
4,450.4
4,447.1
4,461.0
4,476.5
44865
4,509.4
4,487.4
4,488.6
4,494.5
4,487.0
4,491.4
4,522.4
16,913
16,932
16,980
17,071
17147
17,246
17,190
17,229
17,294
17,284
17,354
17,506
17,699
17,672
17,713
17,760
17,783
17,857
17,753
17,739
17,744
17,698
17,700
17,808
251 456
251,646
251,848
252,065
252293
252,528
252,773
253,034
253,293
253,535
253,748
253,946
59
5.5
4.8
5.6
55
5£
5.2
5.6
5.6
5.9
5.7
6.1
5,109.9
5,155.6
5,168.7
5,194.1
5218 6
5,238.3
5,249.5
5,236.6
5,280.4
5,325.0
5,349.1
5,542.0
634.7
642.1
633.3
637.5
640.2
642.3
646.5
652.2
653.3
658.9
663.7
701.9
4,475.2
4,513.5
4,535.4
4,556.6
4,578.4
4,596.0
4,603.1
4,584.4
4,627.1
4,666.1
4,685.4
4,840.1
4,234.2
4,247.8
4,267.8
4,279.3
4,308.0
4,327.1
4,352.8
4,329.2
4,396.4
4,428.4
4,444.6
4,476.9
4,112.1
4,125.2
4,145.6
4,157.3
4,186.3
4,205.6
4,232.1
4,208.6
4,276.0
4,307.5
4,324.3
4,357.0
112.7
113.1
112.8
112.3
112.0
111.8
111.5
111.4
111.2
111.0
110.4
109.9
9.4
February
March
April
May
June
July
August
September
October
November
December
9.4
9.7
9.7
9.7
9.2
9.2
9.2
9.9
9.9
9.9
241.0
265.7
267.6
277.3
270.5
269.0
250.3
255.2
230.7
237.7
240.8
363.2
4,538.6
4,564.5
4,572.1
4,581.1
4,593.4
4,600.6
4,590.3
4,583.0
4,601.5
4,622.0
4,634.0
4,780.5
17,609
17,747
17,818
17,884
17,953
18,004
18,013
17,921
18,069
18,204
18,263
18,851
17,859
17,947
17,962
17,980
18,011
18,022
17,963
17,915
17,969
18,032
18,063
18,619
254,137
254,329
254,548
254,785
255,030
255,281
255,548
255,819
256,079
256,324
256,547
256,760
6.1
59
5.9
54
5.6
5.0
5.1
5.1
7.5
1993
January
February
March
April
May
June
July
August
September
October
November
December
5,329.0
5,337.7
5,329.6
5,445.5
5,480:3
5,472.5
5,479.3
5,518.4
5,519.5
5,541.4
5,564.8
5,754.5
6610
663.1
663.2
6822
687.8
686.7
691.2
697.0
698.3
702.8
705.9
740.5
4,668.0
4,674.5
4,666.4
4,763.3
4,792.5
4,785.7
4,788.1
4,821.4
4,821.2
4,838.7
4,858.9
5,014.0
4,488.5
4,500.6
4,476.2
4,535.7
4,543.6
4,569.2
4,594.3
4,607.9
4,627.1
4,657.5
4,674.2
4,693.9
4,365.2
4,377.3
4,353.7
4,413.4
4,422.7
4,448.2
4,473.2
4,486.6
4,505.9
4,536.8
4,554.2
4,573.8
110.2
110.2
109.4
109.2
107.9
108.0
107.7
108.0
107.9
107.1
106.3
106.4
13.1
13.1
13.1
13.1
13.1
13.1
13.4
13.4
13.4
13.7
13.7
13.7
179.5
173.9
190.2
227.7
248.9
216.5
193.8
213.5
194.0
181.2
184.8
320.1
4,596.3
4,588.2
4,572.5
4,654.2
4,677.3
4,669.0
4,666.3
4,689.7
4,682.4
4,678.3
4,690.2
4,836.3
18,166
18,178
18,133
18,494
18,591
18,548
18,539
18,650
18,632
18,683
18,746
19,330
17,887
17,843
17,768
18,071
18,145
18,096
18,068
18,141
18,095
18,064
18,095
18,645
256,961
257,148
257,346
257,558
257,781
258,017
258,266
258,518
258,764
258,991
259,194
259,388
38
3.7
4.1
4.8
5.2
4.5
4.0
4.4
4.0
3.7
3.8
6.4
5,529.1
5,595.1
5,625.8
5,707.1
5,743.1
5,749.2
5,777.7
5,800.2
5,834.3
5,894.2
5,902.7
5,936.8
711.8
711.0
715.8
780.6
735.7
735.2
737.5
738.8
743.2
751.6
751.8
755.7
4,817.4
4,884.1
4,910.0
4,926.4
5,007.5
5,014.0
5,040.2
5,061.4
5,091.1
5,142.6
5,150.9
5,181.1
4,681.6
4,757.2
4,775.8
4,784.7
4,797.8
4,827.3
4,841.7
4,886.3
4,900.4
4,935.0
4,953.7
4,963.4
4,559.6
4,635.8
4,654.4
4,662.8
4,675.3
4,703.5
4,718.0
4,760.9
4,772.9
4,806.4
4,823.2
4,830.9
107.9
107.3
107.4
107.8
108.5
109.8
109.6
111.3
113.3
114.2
116.1
118.1
14.0
14.0
14.0
14.1
14.1
14.1
14.2
14.2
14.2
14.4
14.4
14.4
135.8
126.9
134.1
141.7
209.6
186.7
198.5
175.1
190.7
207.6
197.2
217.8
4,645.4
4,696.6
4,708.7
4,716.4
4,786.9
4,779.2
4,786.9
4,790.7
4,808.0
4,845.0
4,844.3
4,867.0
18,560
18,805
18,890
18,938
19,234
19,242
19,326
19,389
19,485
19,666
19,683
19,784
17,897
18,083
18,116
18,131
18,387
18,341
18,354
18,352
18,402
18,528
18,511
18,584
259,560
259,726
259,928
260,138
260,345
260,571
260,804
261,040
261,275
261,494
261,695
261,888
2.8
2.6
2.7
2.9
4.2
3.7
3.9
3.5
3.7
4.0
3.8
4.2
1991
January
February
March
April
May
June
July
August
September
October
November
December
10.1
10.1
10.1
9.9
9.9
9.9
9.5
9.5
9.5
1992
January
1994
January
February
March
April
May
"••*/
June
July
August
September
October
November
December
1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
9.4
5.4
5.9
5.9
SURVEY OF CURRENT BUSINESS
August 1998
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1982
1984
1983
1985
1987
1986
1989
1988
1990
1992
1991
1994
1993
1982
604.3
589.0
750.7
745.6
719.8
779.6
876.0
906.3
903.1
934.0
904.3
949.5
1,079.2
612.0
648.0
602.9
554.3
609.6
618.4
169.7
83.6
736.7
730.5
207.4
123.6
708.9
188.6
726.0
168.9
110.0
807.2
814.3
194.8
104.3
860.3
970.7
264.1
137.1
979.3
213.3
112.7
930.6
243.5
130.8
1,030.2
176.8
201.4
588.3
205.4
46.7
628.6
230.5
55.1
619.1
215.8
55.4
602.5
191.9
52.9
61.2
-9.1
31.5
238.4
126.8
0
70.9
-6.6
51.5
246.9
131.5
0
49.6
24.7
11.4
72.4
-17.5
87.3
-13.5
93.6
4.0
38.9
350.3
184.0
0
33.1
206.1
4.4
166.1
-16.1
51.4
412.3
226.3
13.3
47.0
-12.0
11.6
216.8
119.5
0
50.7
-9.4
13.7
221.5
121.6
0
47.5
-9.8
49.3
115.5
-7.5
29.1
376.4
209.0
-15.8
42.5
-3.6
19.0
230.9
126.7
0
14.0
-111.9
44.1
-156.0
-29.8
-182.7
49.0
-117.2
23.7
-60.9
-186.7
39.1
-100.1
19.3
-68.2
39.8
-16.2
-104.8
69.5
-134.7
-29.4
-131.8
42.6
-174.4
-108.0
-152.7
-48.1
-137.3
40.6
-178.0
87.5
36.2
51.3
102.4
37.5
64.9
125.9
39.0
86.9
132.0
41.0
91.0
166.2
69.4
96.8
84.6
35.4
49.3
87.5
36.0
51.5
88.6
36.6
52.1
89.2
36.9
52.3
601.8
626.2
755.7
748.0
743.1
764.2
828.7
919.5
920.5
944.0
949.1
1,002.1
1,093.8
610.5
636.0
599.1
561.6
Gross private domestic investment
Gross government investment
Net foreign investment
501.1
106.9
-6.1
547.1
116.5
-37.3
715.6
131.7
-91.5
715.1
747.2
173.5
-156.4
773.9
172.9
-118.1
829.2
182.7
-92.4
799.7
199.4
-78.6
736.2
200.5
7.3
790.4
209.1
-50.5
876.2
204.5
-78.6
1,007.9
-116.9
722.5
163.5
-142.9
-120.0
511.1
101.5
-2.0
514.1
107.4
14.6
509.3
106.8
-16.9
469.8
111.8
-20.0
Statistical discrepancy
-2.5
37.1
5.0
2.4
23.3
-15.4
-47.3
13.2
17.4
10.1
44.8
52.6
14.6
-1.5
-11.9
-3.8
7.3
18.5
16.6
19.1
17.7
16.2
16.6
17.3
16.6
15.7
15.7
14.5
14.4
15.5
19.1
19.8
18.3
16.7
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
210.9
52.5
46.9
-9.9
15.5
223.5
122.7
0
-5.3
-92.8
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
41.9
Gross investment
24
195.2
134.0
lib
260.0
59.8
278.3
70.5
-20.7
60.2
292.9
139.4
0
146.1
0
154.2
0
57.1
313.5
164.5
0
15.2
10.8
-116.9
46.1
-162.9
-127.9
49.6
53.6
-77.2
51.7
68.8
-67.0
54.3
-177.5
-128.9
138.8
43.9
94.9
130.8
47.1
83.8
0
0
0
Capital grants received by the United States (net) ...
Addendum:
Gross saving as a percentage of gross national
product.
241.5
116.8
0
149.9
106.3
-29.3
335.8
179.3
0
364.5
191.9
0
210.3
170.1
142.6
-8.5
36.0
388.4
42.7
-94.0
60.7
3.3
-132.2
63.9
-215.0
65.9
-121.3
92.0
-56.4
57.0
-113.4
-154.7
-196.0
-280.9
67.9
-250.7
135.8
49.9
85.9
148.4
53.3
95.1
136.7
56.6
80.1
135.5
59.6
75.8
148.6
62.3
86.3
152.9
65.5
87.4
0
0
0
0
0
-66.5
0
0
0
205.9
0
17.7
224.7
123.2
0
47.9
0
0
0
Seasonally adjusted at annual rates
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
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
Capital grants received by the United States (net) ...
Gross investment
Gross private domestic investment
Gross government investment
Net foreign investment
Statistical discrepancy
Addendum:
Gross saving as a percentage of gross national
product.
1984
1983
Line
1985
558.0
576.8
583.9
637.3
712.0
746.7
778.1
766.0
765.4
750.4
734.7
732.1
773.4
725.8
684.0
695.9
604.4
180.2
71.4
602.3
159.0
85.9
615.5
651.6
177.0
88.2
690.9
726.2
237.2
116.1
768.9
760.8
244.9
124.1
758.8
241.0
123.5
718.1
179.4
134.8
722.5
199.5
112.4
752.7
214.3
124.4
729.4
207.7
100.7
685.8
267.3
123.4
722.6
209.8
123.7
177.1
80.5
667.9
155.2
78.0
42.5
.1
28.7
228.1
124.8
0
63.7
-10.3
32.6
231.9
71.9
-18.9
35.8
66.2
.5
56.7
245.7
61.5
.8
61.7
258.0
133.8
0
47.1
5.2
52.9
-13.2
74.9
262.2
72.8
266.9
141.7
0
143.7
0
23.6
36.1
64.8
271.3
142.6
0
21.6
71.5
253.6
135.5
0
48.2
.4
74.8
257.5
136.8
0
50.1
9.8
129.2
0
78.1
-10.8
36.1
241.7
129.0
0
77.5
-13.1
125.4
0
66.6
-7.4
29.0
258.8
127.7
0
23.3
-.3
57.6
280.9
147.3
0
30.3
-8.4
56.1
285.0
149.6
0
-25.5
-125.3
42.2
-167.5
-14.3
-126.5
43.7
-170.1
21.0
-101.6
42.1
-143.7
20.5
-107.4
42.7
-S.3
-140.8
44.8
-185.5
16.6
-116.4
47.2
-163.6
9.7
-135.0
41.5
-176.4
-31.5
-140.6
42.9
-183.5
-123.7
48.0
-171.7
28.0
-105.4
37.2
51.4
99.8
37.4
62.4
109.1
37.6
71.4
112.2
38.0
74.2
122.6
38.4
84.3
132.4
40.7
91.7
133.0
41.3
91.7
133.4
42.0
91.5
133.4
45.2
88.2
-46.4
0
0
162.5
234.9
0
0
216.7
103.5
0
51.6
242.1
130.8
0
132.5
0
9.2
5.2
-124.0
43.6
-150.1
-114.5
48.1
-162.7
-167.6
42.7
-86.4
44.3
-130.8
127.9
38.8
89.2
123.7
39.2
84.5
129.2
39.6
89.6
129.2
40.2
89.0
0
0
0
0
0
0
0
18.3
60.8
276.1
144.9
0
20.7
-120.8
48.3
-3.5
-141.5
-169.1
-190.4
-1.8
-144.1
50.0
-194.1
141.4
42.6
137.9
43.4
94.5
142.3
44.2
98.1
0
48.9
0
0
51.1
-156.5
0
582.5
609.3
630.9
682.0
740.8
756.2
771.3
754.4
754.0
746.8
737.8
753.4
778.4
749.1
720.0
724.6
481.3
112.0
-10.7
526.0
113.5
-30.2
561.7
119.2
-50.0
619.4
121.1
-58.5
695.6
125.8
-30.6
716.2
129.6
-89.5
731.7
131.2
-91.7
718.8
140.0
-104.4
705.6
140.6
-92.2
711.2
149.1
-113.5
706.3
156.0
737.2
153.8
-137.6
752.1
155.6
-129.2
729.7
160.8
-141.5
699.4
-124.5
171.3
-150.6
708.9
166.2
-150.4
24.5
32.6
46.9
44.6
28.9
9.5
-6.8
-11.7
-11.3
-3.6
3.1
21.3
5.0
23.3
36.0
28.8
16.5
16.5
16.2
17.2
18.6
19.1
19.6
19.0
18.7
18.0
17.3
17.0
17.7
16.5
15.3
15.4
SURVEY OF CURRENT BUSINESS
August 1998
Table 5.1.—Gross Saving and Investment—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
930.0
912.8
903.4
878.9
894.9
893.5
884.6
196.7
137.2
818.5
220.3
100.6
805.4
194.0
107.4
821.3
179.7
114.0
811.8
185.4
95.1
849.0
205.8
118.6
884.7
219.4
135.1
837.4
212.2
87.5
870.1
215.8
109.7
108.9
-37.4
57.6
310.9
163.3
0
107.2
-27.4
57.4
315.5
165.5
0
112.6
-23.6
55.1
321.9
168.5
0
92.7
-46.7
54.6
326.9
74.0
-20.5
53.9
330.5
76.9
-1.3
43.1
343.9
180.7
0
90.1
-40.0
37.4
352.5
185.3
0
95.6
-20.3
34.4
357.3
173.5
0
63.6
-11.2
42.7
345.2
186.1
0
86.7
7.7
40.7
347.6
170.8
0
59.5
8.5
46.0
340.5
187.0
0
75.9
-59.7
53.7
77.5
-59.9
111.4
-06.1
56.0
82.2
-67.3
57.4
-124.7
45.9
-94.8
54.5
-84.4
59.3
59.7
-92.0
107.4
^3.6
56.6
-100.2
58.0
-113.4
83.1
-57.7
55.4
-113.2
67.0
-78.5
54.8
-114.7
-136.5
-154.1
135.6
49.5
86.1
137.4
50.3
87.1
140.9
51.0
89.9
147.5
51.9
95.6
151.0
52.7
98.3
149.5
53.6
95.9
145.5
55.2
90.4
140.7
55.2
85.5
761.0
784.5
837.2
838.1
873.7
892.4
681.1
128.5
108.8
719.4
778.9
203.3
118.8
799,3
207.2
125.8
797.8
194.5
129.1
814.9
50.8
-18.7
58.9
287.7
151.0
0
73.2
-24.4
60.0
77.1
-17.2
61.5
290.8
153.0
0
293.7
80.7
-22.4
60.5
299.2
96.3
-28.9
58.4
305.7
155.2
0
157.5
0
160.7
0
38.8
-90.7
79.9
123.9
46.0
77.9
0
Capital grants received by the United States (net) ..
-65.4
51.4
-110.0
51.7
-117.1
58.3
-72.2
52.1
-124.3
138.5
•
•
65.1
^58.6
11.2
-112.6
51.5
-164.1
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
149.1
121.4
130.5
47.5
83.0
130.5
48.1
82.4
46.7
91.8
0
0
0
53.1
-143.8
129.5
48.9
0
1990
816.7
182.2
144.1
735.8
724.6
194.8
91.1
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
0
0
0
0
0
0
0
0
182.6
0
187.3
0
56.1
14.5
-144.1
-81.9
60.8
-142.6
-115.0
62.8
-177.7
138.9
56.1
82.8
137.9
57.2
80.7
129.4
57.9
71.5
0
0
0
745.4
24
807.9
794.6
828.3
841.0
850.7
909.8
922.5
928.1
917.6
939.3
957.9
911.1
873.6
732.3
173.0
-156.4
734.0
177.0
792.8
175.4
-160.3
756.5
167.1
-129.0
767.3
174.0
-112.9
776.5
173.0
-108.5
795.5
-156.3
177.4
-122.2
829.0
176.6
-95.8
836.0
179.8
-93.3
832.0
187.1
-91.0
819.9
187.2
-89.5
822.7
196.0
-79.4
835.0
196.7
-73.8
804.7
199.7
-93.3
736.3
205.4
-68.1
9.6
Statistical discrepancy
754.6
729.6
Gross private domestic investment
Gross government investment
Net foreign investment
748.9
168.5
-152.7
Gross investment
Addendum:
Gross saving as a percentage of gross national
product.
1989
1987
Line
-12.1
-29.9
-29.3
-43.5
-45.3
-51.3
-49.1
-20.1
9.7
24.7
38.8
44.4
18.7
17.6
-11.0
16.1
16.3
16.6
17.3
17.4
17.5
17.2
17.5
16.8
16.4
15.8
15.8
16.3
15.4
15.2
Seasonally adjusted at annual rates
Line
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
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income and
product accounts.
Capital grants received by the United States (net) ...
1992
1991
982.0
926.9
904.3
922.6
920.3
926.7
244.7
128.8
916.9
237.8
122.5
952.3
260.6
126.6
976.6
979.3
272.2
142.3
17.6
32.6
362.1
188.6
0
6.8
33.3
363.4
89.9
-.8
33.4
365.2
189.7
0
191.4
0
101.0
-7.6
33.3
367.1
197.9
0
55.3
-72.0
62.6
-134.6
.2
-132.9
63.9
-196.7
-12.6
-29.7
-149.7
64.3
-214.0
-174.0
64.8
-238.8
127.3
58.6
133.1
59.4
73.7
137.1
60.0
77.1
144.4
230.9
145.1
94.9
0
0
0
0
258.1
157.6
124.6
.3
32.7
368.6
192.3
0
131.3
-21.9
32.9
370.7
194.0
0
932.0
986.7
942.1
943.8
980.1
1,062.4
1,065.5
1,071.0
1,118.0
1,001.1
181.2
159.2
977.3
231.0
158.3
973.3
200.5
171.8
965.6
228.7
191.0
1,048.6
132.3
178.7
995.7
179.3
201.2
1,021.2
188.1
209.5
1,055.3
207.5
216.2
245.4
99.8
91.7
-8.6
16.7
114.2
.2
34.1
376.3
198.0
-63.0
131.8
-12.5
40.0
383.0
207.5
141.6
-17.1
33.8
385.0
203.0
138.6
.2
33.0
393.0
208.1
-.1
158.6
^.8
37.1
392.6
205.5
-52.2
141.9
-4.3
41.2
425.3
259.9
52.4
164.4
-15.1
51.8
175.6
-21.2
55.1
408.2
215.1
.3
182.4
-23.6
57.4
413.1
218.1
.3
389.9
251.6
0
-86.9
-29.4
14.5
-155.8
-118.3
69.3
-187.6
-117.0
-56.3
-202.2
65.2
-267.4
-65.3
-213.9
65.8
-231.5
66.0
-67.3
-212.5
66.5
-279.6
-297.5
145.9
61.1
84.8
148.5
62.0
86.6
144.6
62.7
82.0
0
0
1994
940.3
280.6
148.4
914.0
926.7
1993
0
70.1
-.1
-69.1
-35.2
-181.7
67.5
-279.0
-211.2
67.0
-278.2
155.2
63.5
91.7
142.1
64.3
77.8
0
0
402.8
212.1
.3
69.7
-83.6
68.8
-224.6
13.8
-139.9
69.1
-249.2
-182.2
68.4
-250.6
-209.0
-163.2
146.5
65.2
81.3
152.7
65.8
86.9
170.4
66.6
103.7
153.7
69.0
84.7
163.3
68.5
94.8
0
0
0
0
69.6
0
62.7
168.0
69.6
0
69.8
-186.8
179.7
70.4
109.3
0
976.8
933.8
922.7
942.7
944.8
951.3
952.5
947.7
1,003.0
989.0
991.3
1,025.1
1,068.7
1,107.8
1,086.2
1,112.6
Gross private domestic investment
Gross government investment
Net foreign investment
723.5
198.1
55.3
716.4
201.5
16.0
744.1
201.3
-22.6
760.7
201.4
-19.4
755.2
209.5
-19.9
790.7
209.3
^8.7
799.7
208.9
-56.0
816.1
208.8
-77.2
854.3
202.9
-54.2
857.4
206.5
-74.9
872.8
203.4
-84.9
920.3
205.2
-100.4
963.4
197.0
-51.6
1,017.9
202.4
-112.5
1,007.1
213.2
-134.2
1,043.1
211.2
-141.8
Statistical discrepancy
-5.2
6.9
18.5
20.1
24.5
37.4
52.7
64.6
71.0
46.9
47.5
4&0
6.3
42.4
15.2
-5.4
16.8
15.7
15.2
15.3
15.0
14.7
14.3
13.8
14.4
14.3
14.6
15.6
15.4
15.3
15.8
Gross investment
Addendum:
Gross saving as a percentage of gross national
product.
••I
138
SURVEY OF CURRENT BUSINESS
• August 1998
Table 6.20B.—Net Corporate Dividend Payments by Industry
[Millions of dollars]
Line
Net corporate dividends .
1983
1985
1984
1987
66,718
83,859
91,418
96,046
61,959
66,728
71,856
73,465
79,603
293
263
30
319
289
30
435
382
53
622
462
160
301
210
91
2,477
111
202
1,925
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
79,284
315
253
62
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .
74,353
50,333
Domestic industries
2,106
97
170
1,690
149
1,733
229
219
1,147
1,307
267
125
718
197
2,100
287
381
1,254
2,289
749
289
689
562
670
1,187
1,148
25,580
25,000
27,980
11,452
731
200
400
1,571
720
2,421
1,579
1,683
529
1,267
351
10,431
705
243
270
573
284
1,426
2,863
2,494
648
537
388
17,549
4,101
79
343
477
1,074
2,277
5,847
3,140
110
101
239
Construction
506
Manufacturing
16,738
2,898
629
154
499
528
489
1,079
692
-1,403
-322
269
284
138
336
21,074
6,352
429
141
348
615
638
1,503
1,392
492
-78
578
294
22,898
178
14,128
2,075
388
273
317
1,282
1,734
4,977
2,962
9
111
10,107
481
400
343
511
693
1,451
2,358
1,582
666
1,180
442
14,893
2,544
1,259
418
607
1,057
1,588
4,625
2,782
53
-40
13,840
1,773
736
184
303
757
1,601
4,388
3,992
-78
184
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
,
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
14,722
2,527
1,178
222
337
947
1,369
3,693
4,116
152
181
9,126
408
168
332
1,114
949
1,943
1,147
1,391
661
642
371
13,772
1,850
1,638
154
240
1,071
1,004
4,359
3,071
280
105
18,232
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries ....
Fabricated metal products .
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
1982
21,494
24,922
26,776
26,411
27,157
1,881
797
20
353
53
177
265
216
2,222
1,027
12
406
175
135
358
109
2,440
1,058
127
397
85
190
344
239
2,131
896
54
481
26
219
395
60
2,179
775
23
626
105
220
380
50
1,989
812
62
555
147
65
381
-33
6,563
6,187
376
7,452
6,843
609
9,080
8,482
598
10,275
9,674
601
10,482
9,916
566
11,033
10,696
337
9,788
11,820
13,402
14,370
13,750
14,135
Wholesale trade
7,182
7,714
7,129
7,117
6,178
5,467
Retail trade
2,951
4,912
4,310
4,387
4,534
4,967
1,015
5,327
85
5,242
334
89
-9,713
280
2,226
2,472
2,751
5,229
93
5,136
1,435
172
-10,464
509
3,145
2,725
3,223
4,272
5,133
Holding and other investment offices .
-604
4,071
79
3,992
461
211
-9,018
347
1,656
1,668
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
Other1
2,536
332
85
723
113
38
163
124
958
403
78
60
417
2,465
428
109
471
200
4
45
149
1,059
423
55
13
568
2,330
303
52
809
153
180
73
117
643
392
16
16
219
6,259
103
6,156
1,488
23
-12,901
345
3,308
4,701
2,361
273
145
710
232
76
65
103
757
520
47
16
174
6,748
110
6,638
1,919
448
-13,055
639
3,638
3,935
3,161
321
97
784
358
61
339
237
964
627
41
31
265
7,523
117
7,406
1,487
569
-12,437
647
1,823
5,521
5,161
1,518
236
1,516
328
45
204
237
1,077
736
55
47
239
16,385
12,394
12,556
12,003
17,953
16,443
23,853
7,468
19,772
7,378
19,915
7,359
21,158
9,155
27,941
27,648
11,205
Finance, insurance, and real estate
Banking
Federal Reserve banks
Commercial and mutual banks
Credit agencies other than banks
Security and commodity brokers
Insurance carriers
;
Insurance agents, brokers, and service
Rest of the world .
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3
1. Consists of social services, membership organizations, and miscellaneous professional services.
2. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed
by unincorporated foreign affiliates to their U.S. parents.
3. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed
by unincorporated U.S. affiliates to their foreign parents.
NOTE.—Estimates in this table are based on the 1972 Standard Industrial Classification (SIC).
August 1998
SURVEY OF CURRENT BUSINESS
Table 6.20C.—Net Corporate Dividend Payments by Industry
[Millions of dollars]
Line
Net corporate dividends .
Domestic industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .
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 products
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
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
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
Other 1
Rest of the world .
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3
1
2
3
4
5
6
7
8
9
10
1
1
12
1
3
14
15
16
17
18
19
20
2
1
22
23
24
25
26
27
28
29
30
3
1
32
33
34
35
36
37
38
39
40
4
1
42
43
44
45
46
47
48
49
50
5
1
52
53
54
55
56
57
5
8
59
60
6
1
62
63
64
65
66
67
68
69
70
7
1
72
73
74
75
76
1988
96,046
79,603
31
0
210
9
1
2,289
79
4
29
8
69
8
562
1,148
27,980
10,431
75
0
243
270
573
284
1,426
2,863
2,494
648
537
388
17,549
4,101
7
9
343
477
1,074
2,277
5,847
3,140
10
1
11
0
27,157
1,989
812
62
555
17
4
65
31
8
^33
11,033
10,696
337
14,135
5,467
4,967
5,133
8,141
17
1
8,024
869
59
6
-12,437
111,064
79,826
1,024
834
190
2,994
498
61
4
1,325
530
1,520
27,526
5,730
812
327
369
96
6
1,373
-1,544
1,621
412
427
395
572
21,796
1,518
913
356
294
1,383
1,994
9,835
5,024
31
8
98
26,929
2,822
1,166
69
111
11
5
14
9
448
67
9,797
9,876
-79
14,310
4,728
7,628
1,027
9,790
16
2
9,664
1,156
216
-14,282
67
4
1,823
5,521
5,161
1,518
26
3
1,516
328
45
204
237
1,077
76
3
55
47
239
16,443
27,648
11,205
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed
1990
1987
44
6
3,184
49
9
6,450
1,124
254
2,313
547
57
66
333
1,756
1,196
95
47
418
31,238
44,473
13,235
134,370
106,142
862
61
7
11
9
3,720
620
760
1,849
41
9
3,123
40,536
12,518
923
51
0
804
1,792
1,671
-1,037
3,141
2,100
1,379
539
705
28,018
4,198
1,926
653
690
2,888
3,752
11,374
2,087
337
13
1
29,715
2,812
1,004
50
996
19
5
256
423
-76
10,604
9,993
61
1
16,299
6,024
9,008
4,677
12,086
10
3
11,956
1,031
13
4
-13,119
78
9
3,340
398
8,477
428
440
3,138
41
3
86
252
653
3,049
1,972
14
5
357
566
28,228
46,762
18,534
1991
1992
1993
1994
143,878
122,930
1,124
833
21
9
3,986
417
536
2,576
457
3,203
48,298
11,940
988
322
432
1,713
1,513
-762
3,117
2,812
535
420
850
36,358
5,018
908
435
71
7
2,932
3,896
13,776
7,411
1,041
10
7
33,779
3,085
1,057
53
945
215
17
8
386
242
11,840
10,884
96
5
18,854
7,277
8,240
9,238
13,294
11
4
13,153
730
81
2
-11,587
147,161
125,581
1,052
798
254
3,887
729
392
2,538
228
3,924
50,713
13,682
1,253
220
600
1,268
1,870
249
3,503
2,581
403
840
895
37,031
7,573
1,067
578
839
2,245
3,073
13,724
7,013
643
276
34,201
3,295
1,233
86
958
216
9
1
469
242
11,565
10,918
647
19,341
6,812
10,007
4,642
16,554
13
5
16,401
1,523
806
-11,151
1,603
3,622
-8,315
10,343
21
9
446
4,729
308
167
21
5
816
3,335
1,837
197
11
7
1,130
21,580
38,500
16,920
147,930
124,488
1,397
1,162
235
2,168
345
249
1,295
279
3,926
55,373
16,451
1,092
292
1,091
2,137
1,656
1,505
4,374
2,568
-97
1,178
655
38,922
7,439
1,131
61
9
1,414
2,583
4,376
13,716
6,603
782
187
36,723
4,131
1,688
13
3
1,086
223
324
345
332
13,812
12,782
1,030
18,780
7,454
11,625
-5,527
14,189
172
14,017
1,785
1,467
-14,775
1,684
4,260
-14,137
11,349
41
8
41
9
4,013
376
260
154
1,184
4,390
2,503
255
228
1,404
23,442
39,751
16,309
157,596
136,766
1,169
750
419
2,890
19
3
246
2,052
453
4,611
58,614
17,966
1,069
518
667
1,145
1,720
2,730
3,860
2,321
1,670
1,869
397
40,648
8,840
-343
1,031
91
9
2,161
3,617
14,920
8,365
904
12
6
39,584
4,283
1,865
80
1,075
279
244
359
31
8
15,199
15,148
5
1
20,102
9,641
12,571
-5,610
16,544
15
9
16,349
2,165
1,956
-13,563
1,582
5,202
-19,496
13,296
586
602
4,807
528
304
^49
1,517
5,401
2,818
407
14
7
2,002
20,830
39,467
18,637
182,397
150,595
1,577
96
7
61
0
2,821
424
364
1,804
229
5,257
56,352
17,687
1,445
497
933
1,436
2,659
2,790
4,021
1,745
422
96
1
823
38,665
8,922
-361
81
1
849
2,377
3,743
13,116
7,339
1,718
11
5
41,440
4,408
1,241
132
1,466
370
305
324
570
18,153
17,223
930
18,879
11,318
15,193
-946
19,097
212
18,885
2,991
2,338
-15,342
2,339
5,909
-18,278
17,583
1,090
732
6,337
524
21
4
13
2
1,501
7,035
3,557
522
198
2,758
31,802
52,536
20,734
97
3
3,920
1,123
7,785
497
385
2,612
300
11
5
639
649
2,552
1,375
142
11
3
904
20,948
41,539
20,591
by unincorporated foreign affiliates to their U.S. parents.
3. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed
by unincorporated U.S. affiliates to their foreign parents.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
14O • August 1998
SURVEY OF CURRENT BUSINESS
Table 6.21 B.—Undistributed Corporate Profits by Industry
[Millions of dollars]
Line
Undistributed corporate profits
Domestic industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining .
Coal mining ...
Oil and gas extraction
Nonmetallic minerals, except fuels
1982
49,560
24,663
70,466
35,926
42,957
50,692
28,169
7,968
45,287
-377
-415
38
-605
-573
-32
-465
-840
-610
145
-917
77
95
399
1,041
287
754
-5,884
-661
187
-6,385
^65
-5,295
-612
3
-7,405
-1,136
-242
-6,166
-7,604
-£99
-348
-4,528
-1,417
-25
-6,369
-3,147
139
112
-6,428
-68
-5,921
18
59
1,007
127
24,582
-3,754
-754
341
21,672
Transportation and public utilities
Transprtation
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
1987
70,857
Manufacturing ..
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
1986
61,189
Construction ....
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
1985
1984
1983
46,930
-6,042
356
1,448
27,380
1,660
1,062
10,514
1,326
558
-1,845
69
498
885
-5,381
598
153
-1,098
1,228
2,522
267
215
-5,188
725
-623
-173
3,191
2,232
118
-2,215
1,541
81
753
4,635
2,337
374
28,336
2,122
20,012
1,511
280
341
294
887
1,197
1,504
-2,123
23,054
863
2,519
4,256
21,585
-2,319
4,680
302
679
5,349
1,221
515
1,879
-223
1,956
-991
-2,119
1,031
3,097
-1,124
107
1,075
-2,942
1,929
-198
-1,433
4,086
1,831
-917
299
729
1,200
875
2,230
-648
12,550
1,115
16,905
1,710
-46
439
656
1,551
2,999
-256
8,522
61
7,326
16,668
2,902
769
1,058
2,124
3,285
2,668
634
-1,055
3,791
-122
614
-7,668
961
332
805
7,025
2,247
583
1,043
494
824
3,227
3,326
2,795
-6,463
1,154
1,308
1,070
302
342
986
2,881
-2,501
10,826
1,598
93
-14,861
1,051
104
1,945
3,226
-1,725
197
170
1,115
176
-250
259
4,198
-4,079
-6,712
-3,367
-3,177
-1,115
-897
-729
101
160
177
942
1,621
692
62
1,101
-2,187
-299
42
-2,490
^56
-19
-491
-634
-934
238
43
-689
392
-708
-532
-69
644
-286
-689
702
1,040
-338
303
273
30
145
544
1,124
2,634
-399
-1,510
1,092
1,852
-760
-3,751
-2,154
410
523
500
23
61
2
828
-848
-1,913
110
-107
1,202
-718
-2,301
-56
-142
289
132
82
2,404
454
2,274
-2,037
-5,346
Wholesale trade
7,982
9,728
13,927
5,442
6,762
8,515
Retail trade
7,123
8,773
10,447
10,825
10,334
10,999
-4,135
3,602
-6,239
-5,106
-3,948
-3,371
4,489
-49
4,538
-7,959
8,051
7,713
275
7,438
12,521
-1,566
13,661
-2,410
16,071
-2,156
Electric, gas, and sanitary services
Finance, insurance, and real estate
Banking
Federal Reserve banks
Commercial and mutual banks
Credit agencies other than banks
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
Educational services
Other 1
Rest of the world .
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3 ....
1. Consists of social services, membership organizations, and miscellaneous professional services.
2. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign
affiliates and reinvested earnings of their unincorporated foreign affiliates.
261
7,790
13,397
338
-3,961
-194
-3,601
-1,260
-5,910
-942
14,087
-972
-736
-8,393
442
-6,968
-1,000
5,878
5,786
5,291
5,228
6,705
4,979
-159
501
1,359
86
126
405
79
3,481
2,661
533
53
234
-518
379
901
16
169
221
-214
4,632
3,481
723
-506
509
-730
255
873
-525
143
-71
^85
5,768
3,808
848
111
1,001
-1,154
267
-2,453
345
797
-592
368
-146
11,004
18,232
20,165
21,391
7,382
-3,622
16,980
-1,252
22,619
2,454
21,199
-192
-1,183
-1,447
-399
4,599
1,797
197
93
335
-1,787
-1,645
-3,690
22
1,275
-137
120
-216
-637
5,083
3,558
806
127
592
-913
-1,908
-8,728
531
-7,659
1,068
1,634
-343
252
303
9
5,737
3,721
1,195
15,553
3,045
-424
-9,708
1,557
-4,284
-6,954
-179
6,839
4,055
69
752
1,365
207
1,212
16,147
-548
24,628
-551
25,179
3. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S.
affiliates and reinvested earnings of their unincorporated U.S. affiliates.
NOTE.—Estimates in this table are based on the 1972 Standard Industrial Classification (SIC).
August 1998
SURVEY OF CURRENT BUSINESS
• 141
Table 6.21 C.—Undistributed Corporate Profits by Industry
[Millions of dollars]
Line
Undistributed corporate profits
Domestic industries
Agriculture, forestry, and fishing .
Farms .
Agricultural services, forestry, and fishing ....
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 products
Textile mill products
Apparel and other textile products
Paper and allied products
'.
Printing and publishing
Chemicals and allied products
v
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
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Federal Reserve banks ....
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
,
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
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
Other 1
Rest of the world .
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3 .
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
1
6
17
18
1
9
20
2
1
22
23
24
25
26
27
28
29
30
3
1
32
33
34
35
36
37
38
39
40
4
1
42
43
44
45
46
47
48
49
50
5
1
52
53
54
55
56
57
58
59
60
6
1
62
63
64
65
66
67
68
69
70
7
1
72
73
74
75
76
1987
1992
1991
1994
1993
106,259
72,437
87,343
93,647
115,461
142,646
166,092
45,287
86,751
42,661
42,551
46,526
74,006
89,607
124,515
15
4
4
1
104
-131
-238
-453
-507
-52
-383
31
3
29
-53
82
-396
-1,062
54
-3,976
-306
-117
-3,146
-3,110
-630
-3,850
-860
-908
-441
-312
1,041
202
287
754
-267
-4,528
-1,417
-3,632
-276
469
107
16
6
6
1
176
93
35
162
11
8
-2,055
-657
-279
-787
-332
7,326
8,309
6,239
5,578
2,506
2,501
3,774
23,693
51,279
25,247
19,205
-1,114
1,671
12,613
41,640
16,668
2,902
31,085
2,206
18,984
2,121
11,999
1,284
-269
6,150
1,390
15,823
2,298
33,590
2,105
769
41
8
41
8
1,844
-25
-12
-3,147
-5,520
1,058
2,124
3,285
2,668
634
-1,055
3,791
-122
4,807
3,808
10,297
2,984
2,385
1,579
1,172
38
-198
2,469
2,895
8,868
2,148
-1,575
632
805
71
8
-32
-67
-2,483
-3,085
675
187
342
21
2
-3,210
2,443
1,471
8,050
3,985
1,252
•^,479
4,306
295
330
872
71
8
448
6,263
583
416
486
998
-1,040
78
843
308
640
5,380
2,914
3,132
-411
3,379
1,882
824
1,402
-715
1,691
6,026
6,047
9,985
2,655
1,786
-217
1,833
979
885
20,194
5,992
1,043
938
51
1
-2,398
3,966
-6,242
2,179
1,828
523
6,190
-1,797
3,723
1,602
5,295
91
3
853
-81
35
-789
677
-30
7,206
3,734
1,036
2,685
8,340
614
31
8
433
-502
-1,508
1,611
1,764
1,619
-8,031
3,736
1,452
89
-737
-2,988
2,808
1,385
1,185
-4,674
3,695
1,132
1,570
7,025
2,247
875
923
603
902
875
893
1,165
-283
2,996
-4,454
-11,431
1,179
552
3,718
-4,485
-10,598
1,521
1,574
31
1
252
324
796
299
-5,617
-6,346
-2,814
293
35
2
11
0
-5,367
91
6
326
945
1,355
1,908
5,547
1,841
-10,043
1,518
-188
5,286
13,379
-708
-632
-135
-649
-4,107
-2,100
-4,686
-989
-4,736
-1,370
-1,057
-1,422
1,814
-59
644
-69
682
79
87
179
106
-5,078
-1,089
-120
19
6
16
1
74
759
73
1,476
2,666
3,227
3,326
2,795
-8,463
1,154
289
992
868
-859
1,310
-3,938
2,529
2,270
-4,996
-7,011
439
544
16
0
-326
-2,685
-4,705
-5,722
2,224
-161
-5,778
-5,700
2,256
-241
-948
132
82
57
8
1
48
258
-41
300
54
19
7
59
333
70
27
1,092
1,852
-760
2,377
3,381
-1,004
-362
1,905
-2,267
79
-75
-9
2,158
-2,167
3,804
4,301
-497
5,278
4,720
7,341
4,719
2,622
6,605
4,377
2,228
-3,751
-1,297
-1,148
-3,259
-1,932
-217
-998
4,960
8,515
13,903
10,988
6,418
7,870
10,069
9,932
13,167
20,246
-286
-689
11
2
558
-67
10,999
7,806
6,675
7,186
9,600
13,671
17,319
-3,371
3,988
1,141
8,635
27,796
33,383
26,627
12,453
15,466
-2,156
17,622
14,577
16,363
-1,624
17,987
3,896
-2,797
-2,634
1,155
-7,642
-7,200
25,283
-2,368
27,651
5,222
-631
-3,573
1,242
-9,821
-4,087
37,346
-681
38,027
6,496
-3,956
--3,419
44,578
33,201
22,411
-2,918
25,329
8,102
5,383
-3,494
976
-424
-9,708
1,557
-4,284
-6,954
11
1
14,466
2,028
-3,765
-642
1,302
-5,461
-4,051
630
-11,109
1,808
81
5
-37
43,727
9,124
-2,790
-11,914
33,288
9,219
-1,064
-10,816
713
965
716
-9,348
3,020
-8,348
3,470
-7,684
-12,981
4,979
3,951
1,819
7,116
6,985
13,346
16,082
18,648
-5,453
-1,999
-1,767
-2,193
-1,591
-1,067
-296
-423
1,045
4,895
-385
345
797
-592
368
-146
-179
6,839
4,055
1,365
207
1,212
475
792
820
1,372
-1,035
1,068
-1,182
2,847
-320
539
382
118
555
515
-654
-255
589
459
453
-60
632
4,099
2,475
2,418
1,016
5,743
3,626
646
237
71
4
-117
745
242
953
1,130
566
639
209
-798
775
818
4,317
-666
5,061
-137
390
453
547
1,964
1,177
678
825
7,501
5,589
1,334
1,163
7,100
4,956
7,541
5,699
636
425
81
5
892
279
973
767
219
856
10,967
7,625
1,498
409
1,435
25,179
19,508
29,776
44,792
47,121
41,455
53,039
41,577
24,628
-551
20,408
21,335
-8,441
30,352
-14,440
27,847
-19,274
28,260
-13,195
43,800
-9,239
44,306
2,729
1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign
1990
1988
70,466
900
affiliates and reinvested earnings of their unincorporated foreign affiliates.
3. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S.
affiliates and reinvested earnings of their unincorporated U.S. affiliates.
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
SURVEY OF CURRENT BUSINESS
142 • August 1998
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Line
1982
1984
1983
1987
1986
1985
1988
1989
1990
1991
1993
1992
1994
1982
1
Disposable personal income:
Current dollars
Chained (1992) dollars
106
107
6.5
.8
11.5
7.4
7.3
2.7
6.7
2.9
5.9
2.9
8.4
4.1
5.8
1.9
7.0
2.0
4.1
-.1
6.9
1.8
4.0
1.3
6.1
2.7
4.8
2.3
II
III
9.2
5.1
1.9
-3.1
IV
5.5
-1.0
6.1
1.5
Seasonally adjusted at annual rates
Line
II
1
Disposable personal income:
Current dollars
Chained (1992) dollars
1984
1983
106
107
4.4
1.0
9.0
3.6
I
IV
III
12.4
8.4
11.0
6.0
II
1985
11.7
7.9
14.3
10.1
IV
III
I
4.2
1.1
9.9
6.5
II
4.3
.3
1986
III
IV
1.2
-2.1
11.9
7.4
I
II
8.1
3.6
8.2
5.3
III
3.5
3.2
IV
5.3
1.9
2.4
-.7
Seasonally adjusted at annual rates
II
I
Disposable personal income:
Current dollars
Chained (1992) dollars
1988
1987
Line
.3
9.7
4.5
106
107
III
I
IV
10.8
9.6
6.9
11.2
6.3
II
6.4
1990
1989
IV
III
8.5
2.9
5.8
.8
I
7.2
2.3
II
III
10.0
4.2
4.6
-1.6
1
IV
4.7
1.8
6.0
1.6
II
III
6.8
1.6
11.0
4.9
IV
6.2
.3
31
-2.9
Seasonally adjusted at annual rates
Line
\
Disjwsable personal income:
Current dollars
Chained (1992) dollars
106
107
II
III
I
IV
3.2
-.1
6.2
3.5
1.9
-1.6
1993
1992
1991
9.2
5.3
4.5
.9
6.3
2.9
II
IV
III
II
2.5
0
11.4
9.8
7.3
-5.1
-7.7
7.8
1994
III
IV
I
8.0
4.8
i!i
II
-2.7
-4.3
III
IV
6.7
2.9
9.5
6.8
7.6
4.8
Table 8.3.—Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
1989
1990
1991
1992
1993
1994
20,605
20,659
17,052
14,881
13,669
1,840
4,411
7,417
•21,984
22,042
18,176
15,771
14,531
1,911
4,704
7,915
22,979
23,064
19,188
16,689
15,360
1,906
4,982
8,472
23,416
23,478
19,652
17,179
15,732
1,802
5,056
8,874
24,447
24,490
20,576
18,029
16,520
1,913
5,175
9,433
25,403
25,476
21,231
18,558
17,273
2,054
5,309
9,910
26,647
26,678
22,086
19,251
18,093
2,223
5,479
10,391
13,737
13,872
11,497
9,897
8,736
1,008
3,351
4,377
13,935
14,088
11,717
10,094
8,823
1,016
3,354
4,453
14,018
14,144
11,781
10,203
8,994
1,024
3,407
4,562
14,155
14,276
11,926
10,330
9,219
1,073
3,440
4,705
23,264
23,300
17,109
15,740
1,873
5,103
8,758
23,934
23,988
17,650
16,211
1,973
5,200
9,028
24,504
24,559
17,833
16,430
2,006
5,269
9,145
24,549
24,632
17,962
16,532
1,974
5,265
9,287
24,060
24,121
17,744
16,249
1,828
5,156
9,265
24,447
24,490
18,029
16,520
1,913
5,175
9,433
24,750
24,822
18,077
16,825
2,029
5,233
9,563
25,357
25,389
18,308
17,207
2,153
5,331
9,725
19,948
20,132
14,953
13,198
1,212
4,648
7,393
20,193
15,106
13,204
1,213
4,639
7,408
19,837
20,005
15,029
13,248
1,219
4,649
7,438
19,815
19,975
15,046
13,428
1,273
4,678
7,528
242,842
245,061
247,387
249,956
252,680
255,432
258,161
260,705
231,395
231,906
232,498
233,074
1987
1982
1983
1984
1985
13,961
14,095
11,731
10,132
8,943
1,030
3,388
4,525
14,998
15,135
12,352
10,776
9,744
1,194
3,543
5,007
16,508
16,640
13,585
11,912
10,543
1,375
3,738
5,430
17,529
17,614
14,427
12,592
11,341
1,514
3,889
5,938
18,374
18,427
15,122
13,211
12,019
1,656
3,977
6,385
19,323
19,359
15,968
13,851
12,743
1,716
4,175
6,851
19,896
20,076
15,034
13,270
1,229
4,654
7,442
20,499
20,675
15,293
13,829
1,397
4,747
7,720
21,744
21,904
16,286
14,415
1,586
4,872
7,966
22,320
22,418
16,604
14,954
1,725
4,941
8,290
22,801
22,857
16,939
15,409
1,863
5,052
8,482
232,218
Line
234,332
236,394
238,506
240,682
1982
Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Chained (1992) dollars:
Gross domestic product
Gross national product
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Population (mid-period, thousands)
Seasonally adjusted at annual rates
1984
1983
Line
1985
1986
Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
1,290
3,620
5,189
16,091
16,225
13,142
11,535
10,282
1,337
3,673
5,272
16,434
16,570
13,478
11,835
10,486
1,374
3,739
5,373
16,658
16,794
13,787
12,090
10,608
1,373
3,755
5,481
16,847
16,966
13,930
12,185
10,793
1,416
3,783
5,594
17,171
17,256
14,191
12,292
11,040
1,472
3,826
5,742
17,360
17,458
14,327
12,615
11,224
1,488
3,875
5,861
17,679
17,749
14,473
12,621
11,484
1,578
3,902
6,004
17,901
17,989
14,714
12,837
11,611
1,517
3,953
6,141
18,170
18,246
14,931
13,066
11,771
1,544
3,986
6,241
18,245
18,298
15,028
13,151
11,880
1,601
3,950
6,330
18,440
18,496
15,208
13,290
12,144
1,751
3,966
6,427
18,637
18,667
15,319
13,336
12,278
1,729
4,007
6,542
20,849
15,342
13,926
1,428
4,774
7,754
21,004
21,192
15,619
14,113
1,497
4,803
7,832
21,449
21,615
15,970
14,236
1,553
4,820
7,874
21,742
21,909
16,243
14,391
1,586
4,887
7,923
21,847
22,013
16,462
14,445
1,579
4,886
7,990
21,935
22,078
16,469
14,587
1,626
4,895
8,074
22,120
22,217
16,449
14,773
1,680
4,913
8,185
22,184
22,298
16,708
14,866
1,696
4,933
8,241
22,445
22,524
16,578
15,085
1,799
4,948
8,331
22,531
22,631
16,682
15,089
1,724
4,968
8,404
22,767
22,851
16,864
15,192
1,752
5,020
8,422
22,744
22,799
16,961
15,322
1,811
5,057
8,447
22,810
22,868
16,999
15,533
1,961
5,051
8,495
22,881
22,908
16,930
15,587
1,927
5,080
8,561
234,603
235,153
235,605
236,082
236,657
237,232
237,673
238,176
238,789
239,387
239,861
240,368
240,962
241,539
14,391
14,514
11,991
10,420
9,356
1,090
3,448
4,818
14,824
14,959
12,231
10,625
9,645
1,174
3,517
4,954
15,188
15,329
12,425
10,879
9,875
1,223
3,587
5,066
19,966
20,125
15,053
13,515
1,284
4,690
7,594
20,355
20,529
15,157
13,759
1,379
4,721
7,698
233,546
234,028
15,584
15,732
12,757
11,176
Chained (1992) dollars:
Gross domestic product
Gross national product
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Population (mid-period, thousands)
SURVEY OF CURRENT BUSINESS
August 1998
•
143
Table 8.3.—Selected Per Capita Product and Income Series in Current and Chained Dollars—Continued
[Dollars]
Seasonally adjusted at annual rates
Line
1990
1989
1988
1987
Current dollars:
18,897
15,582
13,621
12,406
1,629
4,103
6,674
19,153
19,197
15,814
13,601
12,659
1,706
4,166
6,786
19,425
19,461
16,035
13,921
12,892
1,788
4,198
6,906
19,842
19,879
16,438
14,258
13,012
1,740
4,234
7,038
20,057
20,123
16,667
14,559
13,296
1,819
4,281
7,197
20,433
20,487
16,923
14,736
13,527
1,832
4,363
7,332
20,764
20,808
17,172
15,002
13,785
1,822
4,459
7,504
21,163
21,212
17,444
15,226
14,064
1,888
4,542
7,634
21,573
21,622
17,904
15,560
14,226
1,876
4,594
7,755
21,914
21,958
18,118
15,686
14,451
1,913
4,694
7,844
22,152
22,210
18,225
15,825
14,644
1,956
4,738
7,950
22,296
22,373
18,453
16,011
14,800
1,899
4,790
8,111
22,740
22,824
18,859
16,396
15,102
1,982
4,904
8,216
23,043
23,111
19,142
16,624
15,274
1,914
4,929
8,431
23,101
23,159
19,346
16,826
15,498
1,891
5,019
8,589
23,032
23,160
19,404
16,905
15,564
1,840
5,076
8,648
22,982
23,010
17,084
15,560
1,801
5,096
8,665
23,165
23,209
16,897
15,726
1,870
5,115
8,735
23,311
23,347
17,113
15,848
1,942
5,100
8,794
23,595
23,632
17,339
15,823
1,881
5,101
8,838
23,690
23,760
17,595
16,069
1,969
5,139
8,951
23,881
23,936
17,594
16,150
1,972
5,176
8,992
23,960
24,004
17,676
16,242
1,948
5,221
9,067
24,202
24,251
17,734
16,381
2,003
5,264
9,102
24,389
24,438
17,897
16,363
1,982
5,256
9,117
24,515
24,555
17,785
16,385
2,011
5,245
9,117
24,578
24,634
17,814
16,485
2,048
5,281
9,142
24,534
24,609
17,836
16,487
1,982
5,294
9,203
24,716
24,797
18,009
16,587
2,053
5,299
9,222
24,729
24,795
18,033
16,568
1,985
5,277
9,301
24,539
24,594
17,994
16,574
1,959
5,273
9,338
24,216
24,345
17,811
16,398
1,897
5,212
9,287
242,009
Gross domestic product
Gross national product
Personal income
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
242,520
243,120
243,721
244,208
244,716
245,354
245,966
246,460
247,017
247,698
248,374
248,928
249,564
250,299
251,031
Chained (1992) dollars:
Gross domestic product
Gross national product
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Population (mid-period, thousands)
Line
1992
1991
1994
1993
Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
23,135
23,242
19,415
16,942
15,540
1,784
5,040
8,716
23,355
23,404
19,614
17,154
15,700
1,794
5,072
8,833
23,515
23,553
19,702
17,238
15,815
1,826
5,072
8,917
23,654
23,711
19,874
17,381
15,871
1,802
5,041
9,028
24,070
24,134
20,228
17,725
16,229
1,864
5,124
9,241
24,315
24,358
20,456
17,947
16,402
1,887
5,130
9,384
24,516
24,553
20,544
18,001
16,570
1,925
5,185
9,460
24,881
24,910
21,070
18,440
16,877
1,973
5,260
9,643
25,061
25,153
20,735
18,159
16,976
1,969
5,267
9,740
25,250
25,313
21,204
18,545
17,177
2,033
5,300
9,844
25,432
25,518
21,297
18,607
17,363
2,078
5,315
9,970
25,866
25,915
21,684
18,920
17,574
2,134
5,355
10,084
26,158
26,223
21,496
18,752
17,774
2,168
5,407
10,199
26,546
26,581
22,021
19,138
17,978
2,199
5,439
10,341
26,764
26,786
22,234
19,400
18,199
2,235
5,514
10,450
27,115
27,119
22,589
19,711
18,419
2,290
5,555
10,574
24,031
24,138
17,695
16,231
1,822
5,168
9,240
24,078
24,124
17,800
16,290
1,825
5,185
9,281
24,069
24,104
17,746
16,280
1,847
5,166
9,268
24,061
24,117
17,736
16,194
1,819
5,106
9,269
24,281
24,346
17,923
16,410
1,872
5,168
9,370
24,366
24,409
18,004
16,454
1,887
5,144
9,423
24,474
24,511
17,949
16,522
1,923
5,164
9,435
24,663
24,692
18,238
16,692
1,968
5,223
9,502
24,608
24,699
17,832
16,671
1,960
5,201
9,509
24,671
24,734
18,104
16,769
2,014
5,228
9,527
24,732
24,816
18,101
16,891
2,050
5,248
9,593
24,989
25,038
18,268
16,968
2,092
5,254
9,624
25,120
25,181
18,032
17,092
2,120
5,307
9,667
25,352
25,386
18,286
17,178
2,135
5,322
9,723
25,396
25,420
18,369
17,232
2,152
5,337
9,745
25,559
25,569
18,541
17,326
2,203
5,359
9,767
251,650
252,295
253,033
253,743
254,338
255,032
255,815
256,543
257,151
257,785
258,516
259,191
259,738
260,351
261,040
Chained (1992) dollars:
Gross domestic product
Gross national product
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Population (mid-period, thousands)
Table 8.17.—Dividends Paid and Received by Sector
[Billions of dollars]
Line
1983
1982
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
Financial
Nonfinancial
1
124.9
128.6
137.9
143.6
156.8
161.9
204.7
234.5
244.5
241.0
247.5
261.5
300.8
2
101.1
108.8
117.9
122.4
128.9
134.3
160.3
187.7
203.0
202.5
207.7
222.0
248.3
3
4
Dividends paid
Domestic corporate business'
13.4
87.7
14.5
94.3
18.3
99.6
21.2
101.2
22.8
106.1
27.3
107.0
33.6
126.7
40.3
147.4
43.2
159.8
39.5
163.0
33.7
174.1
37.0
185.0
46.7
201.6
2
5
23.9
19.8
19.9
21.2
27.9
27.6
44.5
46.8
41.5
38.5
39.8
39.5
52.5
Dividends received
6
124.9
128.6
137.9
143.6
156.8
161.9
204.7
234.5
244.5
241.0
2475
261.5
300.8
7
50.7
46.9
51.2
50.5
55.4
54.7
80.4
81.6
80.1
76.9
83.3
85.2
97.7
8
16.4
34.4
16.7
30.2
19.5
31.7
21.6
28.9
23.2
32.2
23.7
31.0
33.2
47.2
37.7
43.9
38.6
41.5
38.5
38.4
42.8
40.5
48.0
37.3
54.7
43.0
20.7
Rest of the world
Domestic corporate business2
Financial
Nonfinancial
9
Rest of the world'
10
7.5
7.4
7.4
9.2
10.0
11.2
13.2
18.5
20.6
16.9
16.3
18.6
Government
11
2.9
3.4
3.9
4.5
5.1
5.9
6.9
8.1
9.0
9.5
10.1
10.5
11.4
Persons
12
63.8
71.0
75.4
79.4
86.3
90.2
104.2
126.3
134.9
137.7
137.9
147.1
171 0
' Net corporate dividend payments (14+15)
Domestic corporate business (2-7)
Rest of the world (5—10)
Personal income dividends (13—11)
13
14
15
16
66.7
50.3
16.4
63.8
74.4
62.0
12.4
71.0
79.3
66.7
12.6
75.4
83.9
71.9
12.0
79.4
91.4
73.5
18.0
86.3
96.0
79.6
16.4
90.2
111.1
79.8
31.2
104.2
134.4
106.1
28.2
126.3
143.9
122.9
20.9
134.9
147.2
125.6
21.6
137.7
147.9
124.5
23.4
137.9
157.6
136.8
20.8
147.1
182.4
1506
31.8
171.0
1. Remitted earnings to foreign residents from their unincorporated U.S. affiliates are treated as dividends paid
by domestic corporate business (line 2) and as dividends received by the rest of the world (line 10).
2. Earnings of U.S. residents remitted by their unincorporated foreign affiliates are treated as dividends paid by
the rest of the world (line 5) and as dividends received by domestic corporate business (line 7).
144
SURVEY OF CURRENT BUSINESS
• August 1998
Table 8.19.—Imputations in the National Income and Product Accounts
[Billions of dollars]
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1
2
3,273.2
377.4
3,546.5
417.2
3,933.5
446.5
4,201.0
475.9
4,435.1
521.0
4,701.3
567.2
5,062.6
620.0
5,452.8
677.6
5,764.9
737.3
5,932.4
789.1
6,255.5
847.9
6,576.8
887.0
6,955.2
933.9
Line
Gross national product
Imputations
(89+97+102+106+107+111+112+113+114+115+116+117+118+121+123).
Excluding imputations (1-2)
3
2,895.8
3,129.3
3,487.0
3,725.1
3,914.0
4,134.1
4,442.6
4,775.2
5,027.6
5,143.2
5,407.7
5,689.8
6,021.3
Personal consumption expenditures
Imputations (6+7)
'.
Housing services (89+97+114-122)
Other(102+106+111+112+113+115-124)
Excluding imputations (4-5)
4
5
8
7
8
2,076.8
309.8
156.3
153.5
1,767.0
2,283.4
309.5
133.3
176.2
1,973.9
2,492.3
320.5
131.8
188.6
2,171.8
2,704.8
361.1
149.1
212.0
2,343.7
2,892.7
380.3
143.2
237.1
2,512.4
3,094.5
414.3
156.8
257.5
2,680.1
3,349.7
461.0
178.5
282.5
2,888.8
3,594.8
526.7
214.8
311.9
3,068.1
3,839.3
599.2
252.5
. 346.7
3,240.1
3,975.1
670.2
289.3
381.0
3,304.9
4,219:8
707.3
293.7
413'6
3,512.5
4,459.2
713.6
278.3
435.2
3,745.7
4,717.0
740.5
278.5
462.1
3,976.5
Gross private domestic investment
Imputations (122+123+124)
Excluding imputations (9-10)
9
10
11
501.1
46.6
454.5
547.1
85.2
461.9
715.6
106.8
608.8
715.1
106.8
608.3
722.5
132.1
590.4
747.2
143.4
603.8
773.9
149.2
624.8
829.2
140.7
688.5
799.7
127.3
672.4
736.2
107.0
629.1
790.4
127.9
662.5
876.2
160.8
715.3
1,007.9
180.9
826.9
Net exports of goods and services and net receipts of factor income
Imputations (16-19)
Excluding imputations (12-13)
12
13
14
10.6
0
10.6
-19.6
0
-19.6
-70.9
0
-70.9
-93.8
0
-93.8
-118.6
0
-118.6
-133.2
0
-133.2
-93.0
0
-93.0
-66.3
0
-66.3
-50.2
0
-50.2
-4.8
0
-4.8
-18.5
0
-18.5
-42.0
0
-42.0
-62.7
0
-82.7
15
16
17
379.5
2.9
376.6
374.6
4.2
370.4
421.8
4.9
416.9
411.1
6.1
405.0
427.1
6.6
420.5
481.8
8.1
473.7
591.9
8.6
583.3
678.3
8.5
669.8
734.8
9.2
725.6
757.9
10.0
747.9
777.3
10.9
766.4
809.4
11.9
797.5
897.7
13.3
884.3
18
19
20
368.9
2.9
366.0
394.2
4.2
390.0
492.7
4.9
487.8
504.9
6.1
498.9
545.8
6.6
539.2
615.0
8.1
606.9
684.9
8.6
676.3
744.6
8.5
736.1
785.0
9.2
775.8
762.7
10.0
752.7
795.8
10.9
784.9
851.4
11.9
839.5
980.4
13.3
967.0
21
22
23
684.8
21.0
663.8
735.7
22.5
713.2
796.6
19.2
777.4
875.0
8.1
867.0
938.5
8.7
929.9
992.8
9.4
983.4
1,032.0
9.9
1,022.1
1,095.1
10.2
1,084.9
1,176.1
10.8
1,165.3
1,225.9
11.9
1,214.0
1,263.8
12.7
1,251.1
1,283.4
12.6
1,270.8
1,313.0
12.4
1,300.6
24
25
3,275.7
377.4
3,509.4
417.2
3,928.5
446.5
4,198.7
475.9
4,411.8
521.0
4,716.7
567.2
5,110.0
620.0
5,439.6
677.6
5,747.5
737.3
5,922.3
789.1
6,210.7
847.9
6,524.2
887.0
6,940.6
933.9
Exports of goods and services and receipts of factor income
Imputations (108)
Excluding imputations (15-16)
iports of goods an
Imputations (108)
Excluding imputations (18-19)
Government consumption expenditures and gross investment
Imputations (107+116+117+118+121)
Excluding imputations (21-22)
Gross national income
,
Imputations
(89+97+102+106+107+111 +112+113+114+115+116+117+118+121 +123).
Excluding imputations (24-25)
26
2,898.3
3,092.2
3,482.0
3,722.7
3,890.8
4,149.5
4,489.9
4,762.0
5,010.2
5,133.2
5,362.9
5,637.2
6,006.7
Consumption of fixed capital
Imputations (90+98+103)
Excluding imputations (27-28)
27
28
29
424.3
54.2
370.1
445.3
56.6
388.7
461.5
59.1
402.4
486.6
63.8
422.8
517.9
66.3
451.6
545.8
70.9
474.9
582.2
76.0
506.2
625.4
85.2
540.2
651.5
85.8
565.7
679.9
90.6
589.3
713.5
105.4
608.1
727.9
100.5
6274
777.5
109.4
668.1
Indirect business tax and nontax liability
Imputations (91+99+104)
Excluding imputations (30-31)
30
31
32
256.4
39.2
217.2
280.1
42.1
238.0
309.5
45.5
264.0
329.6
48.5
281.1
344.7
51.7
293.1
364.8
54.3
310.5
385.5
56.8
328.7
414.7
63.1
351.6
442.6
67.8
374.8
478.1
73.1
405.0
505.6
77.5
428.1
532.5
80.8
451.7
568.5
83.7
484.8
Subsidies less current surplus of government enterprises
Imputations (92)
Excluding imputations (33-34)
33
34
35
21.1
.3
20.8
25.6
.3
25.3
25.5
.3
25.2
21.9
.3
25.1
.2
24.9
31.0
.2
30.8
28.5
.2
28.3
24.2
.2
24.0
25.3
.2
25.1
23.6
.2
23.4
27.1
.2
26.9
31.1
.6
30.5
26.6
.8
25.8
36
37
2,600.8
284.2
2,793.3
318.8
3,164.4
342.2
3,383.4
363.9
3,550.3
403.3
3,813.0
442.2
4,145.3
487.4
4,397.3
529.5
4,652.1
583.9
4,761.6
625.6
4,990.4
665.2
5,266.8
706.3
5,590.7
741.6
National income
Imputations (93+94+100+101 +105+106+107+111 +112+113+114+115+
116+117+118+121+123).
Excluding imputations (36-37)
214
38
2,316.6
2,474.5
2,822.2
3,019.6
3,147.0
3,370.8
3,658.0
3,867.9
4,068.2
4,136.0
4,325.1
4,560.4
4,849.1
Wage and salary accruals
Imputations (112+113+114)
Excluding imputations (39-40)
39
40
41
1,593.9
7.8
1,586.2
1,684.8
7.7
1,677.1
1,855.3
7.7
1,847.6
1,995.7
7.5
1,988.1
2,116.5
7.3
2,109.2
2,272.7
7.1
2,265.6
2,453.6
7.6
2,446.0
2,598.1
8.1
2,590.0
2,757.5
8.4
2,749.1
2,827.6
8.8
2,818.8
2,970.6
9.1
2,961.5
3,094.0
9.4
3,084.6
3,254.0
9.8
3,244.2
Other labor income
Imputations (115)
Excluding imputations (42-43)
42
43
44
165.4
87.8
77.5
177.2
96.6
80.6
188.9
105.2
83.7
203.1
114.9
88.2
216.0
122.4
93.6
235.4
136.0
99.4
251.7
152.5
99.2
273.1
174.0
99.2
300.6
194.7
105.9
322.7
211.6
111.1
351.3
234.3
117.0
385.1
254.3
130.8
405.0
267.0
138.0
Employer contributions for social insurance
Imputations (116+117+118+121)
Excluding imputations (45-^6)
45
46
47
168.3
17.0
151.3
182.2
18.1
164.1
212.8
14.4
198.4
226.9
2.3
224.6
239.9
2.5
237.4
249.7
2.7
247.0
268.6
3.0
265.6
280.4
3.2
277.2
294.6
3.5
291.1
307.7
4.0
303.6
323.0
4.7
318.3
335.7
4.8
330.9
353.0
4.2
348.8
Proprietors' income with inventory valuation and capital consumption adjustments
Imputations (101+111+123)
Excluding imputations (48-49)
48
49
50
179.6
2.8
176.8
191.9
3.6
188.3
248.7
3.6
245.1
268.6
3.6
265.0
279.5
4.0
275.5
305.1
5.0
300.1
335.3
4.4
330.9
357.4
4.2
353.2
374.0
4.4
369.6
376.5
4.8
371.6
423.8
5.4
418.4
450.8
5.8
445.0
471.6
5.8
465.8
Rental income of persons with capital consumption adjustment
Imputations (94)
Excluding imputations (51-52)
51
52
53
46.5
13.0
33.5
46.1
10.5
35.6
50.1
10.2
39.9
48.1
6.0
42.1
41.5
4.2
37.3
44.8
8.2
36.6
55.1
16.5
38.7
51.7
12.6
39.1
61.0
18.4
42.5
67.9
21.4
46.5
79.4
25.1
54.2
105.7
50.2
55.5
124.4
63.8
60.6
Net interest
Imputations (93+100+105+106+107)
Excluding imputations (54-55)
54
55
56
264.9
155.9
108.9
275.9
182.3
93.6
318.5
201.1
117.4
337.2
229.6
107.6
363.1
262.9
100.2
372.2
283.3
88.9
398.9
303.4
95.5
456.6
327.4
129.2
467.3
354.5
112.9
448.0
375.0
73.0
414.3
386.5
27.7
402.5
381.8
20.7
412.3
390.9
21.3
Personal income
Imputations (94+101+106+111+112+113+114+115+123-92)
Excluding imputations (57-58)
57
58
59
2,724.1
154.0
2,570.2
2,894.4
175.6
2,718.8
3,211.4
187.1
3,024.2
3,440.9
204.0
3,236.9
3,639.6
228.1
3,411.5
3,877.8
253.7
3,624.1
4,178.9
284.9
3,894.0
4,496.4
308.8
4,187.6
4,796.2
346.8
4,449.4
4,965.6
379.6
4,586.1
5,255.7
416.6
4,839.1
5,481.0
463.4
5,017.7
5,757.9
497.2
5,260.8
Interest received by government
Imputations (107)
Excluding imputations (60-61)
60
61
62
75.0
4.0
71.0
84.9
4.4
80.5
95.6
4.8
90.8
107.9
5.8
102.1
118.2
6.2
112.0
119.7
6.8
112.9
125.9
6.9
119.0
135.5
7.1
128.4
140.4
7.3
133.1
143.5
7.9
135.6
141.5
7.9
133.5
138.7
7.8
130.9
141.5
8.2
133.3
Interest paid by persons
Imputations (-93-100-105)
Excluding imputations (63-64)
63
64
65
58.8
-109.0
167.8
65.5
-120.5
186.0
74.7
-135.5
210.2
83.2
-151.5
234.7
90.3
-166.4
256.7
91.5
-178.8
270.3
92.9
-192.4
285.4
102.4
-210.3
312.7
108.9
-226.1
334.9
111.9
-234.0
345.8
111.7
-235.8
347.4
108.2
-229.7
337:9
110.9
-231.2
342.1
Government transfer payments to persons
Imputations (-92)
Excluding imputations (66-67)
66
67
68
396.3
-.3
396.6
426.6
-.3
426.9
438.5
-.3
438.7
468.7
-.3
469.0
498.0
-.2
498.2
522.5
-.2
522.7
556.8
-.2
557.0
604.9
-.2
605.1
666.5
-.2
666.7
749.1
-.2
749.3
835.7
-.2
835.9
889.8
-.6
890.5
930.9
-.8
931.8
See footnotes and notes at the end of the table.
August 1998
SURVEY OF CURRENT BUSINESS
•
145
Table 8.19.—Imputations in the National Income and Product Accounts—Continued
[Billions of dollars]
1987
1988
1990
1991
1992
1993
1994
4,178.9
284.f
3,894.1
4,796.2
346.8
4,449.4
4,965.6
379.6
4,586.1
5,255.'
416.6
4,839.
5,481.0
463.'
5,017.7
5,757.9
228.1
3,411.5
3,877.8
253.7
3,624.1
497.2
5,260.8
459.9
-51.7
511.6
514.2
-54.3
568.5
532.C
-56.8
588.8
594.9
657.9
624.8
-67.8
692.6
624.8
-73.1
697.9
650.
-77.
728.0
690.0
-«0.8
770.8
739.1
-83.7
822.8
3,646.9
341.7
3,305.2
3,901.6
371
3,529.7
4,171.414.6
3,756.8
4,340.9
452.7
3,888.
4,605.
494.1
4,111.0
4,791.1
544.2
4,246.
5,018.9
2,899.9
3,363.6
308.0
3,055.6
2,795.8
209.5
2,991.1
213.9
3,194.7
235.5
3,451.7
268.5
3,706.7
316.'
3,958.1
373.2
4,097.4
436.3
4,341.0
471.5
4,580.7
483.8
4,842.1
509.3
2,586.;
1982
1983
1984
1985
2,724.1
154.0
2,570.2
2,894.'
175.6
2,718.8
3,211.4
187.1
3,024.2
3,440.9
204.0
3,236.9
3,639.6
371.4
-39.2
410.6
369.
-42.1
411.4
395.5
-45.5
441.0
437.7
-48.
486.2
Disposable personal income
Imputations (91 +94+99+101 +104+106+111+112+113+114+115+123-92)
Excluding imputations (75-76)
2,352.7
193."
2,159.
2,525.1
217.7
2,307.4
2,815.9
232.6
2,583.3
3,003.2
252.5
2,750.;
Personal outlays
Imputations (90+91+94+98+99+101 +103+104+106+111+112+113+114+115-92122-124).
Excluding imputations (78—79)
2,141.8
200.8
2,355.5
189.1
2,574.4
185.0
Line
Personal taxes, outlays, and saving
Imputations (94+101+106+111+112+113+114+115+123-92)
Excluding imputations (69-70)
Personal tax and nontax payments
Imputations (-91-99-104)
Excluding imputations (72—73)
3,179.;
279.7
308.8
4,187.6
580.9
4,438.0
1,941.1
2,166.4
2,389.4
2,777.2
2,959.2
3,183.2
3,390.3
3,584.9
3,661.1
4,096.9
4,332.8
Personal saving
Imputations (122+123+124-90-98-103)
Excluding imputations (81-82)
210.9
-7.6
218.5
169.7
28.7
141.0
241J
47."
193.9
207.4
43.0
164.4
188.6
65.8
122.8
168.9
72.5
96.4
195.
73.2
122.0
194.8
55.5
139,
213.3
41.4
171.9
243.5
16.4
227.1
264.1
22.6
241.5
210.3
60.4
150.0
176.8
71.6
105.2
Gross investment, or gross saving and statistical discrepancy .
Imputations (122+123+124)
Excluding imputations (84-85)
601.8
626.2
85.2
541.0
755.7
106.8
648.9
748.0
106.8
641.2
743.1
132.1
611.0
764.2
143.4
620.8
828.7
149.
679.5
919.5
140.
778.8
920.5
127.3
793.2
944.0
107.0
837.0
949.1
127.9
821.1
1,002.1
160.8
841.3
1,093.8
46.6
555.2
217.9
25.3
192.6
235.6
30.5
205.1
257.2
33.3
223.9
279.4
37.7
241.7
303.1
44.2
258.8
328.2
47.8
280.4
356.2
49.0
307.2
383.2
49.3
333.9
410.7
52.6
358.1
434.1
57.2
376.9
457.8
58.0
399.8
480.9
65.9
414.9
507.0
67.5
439.5
41.5
39.8
.3
43.3
42.9
.3
47.3
45.8
52.5
51.1
56.3
53.4
64.
59.2
63.6
63.6
3
13.0
113.5
10.5
127.8
10.2
1423
6.0
48.9
48.7
.2
157.3
4.2
168.9
8.2
198.0
12.6
212.8
18.4
67.4
68.6
.2
219.8
21.4
81.1
72.7
.2
221.1
25.1
74.8
75.8
.6
214.7
50.2
82.2
78.5
.8
215.8
63.8
4.8
.8
3.9
4.8
.8
4.0
4.8
.9
3.9
4.7
.8
3.9
4.6
.7
3.9
4.7
1.0
3.6
4.7
.9
3.8
5.0
1.0
4.0
5.3
.9
4.3
5.5
1.1
4.4
2.0
.3
.8
.8
2.1
A
.8
.7
2.1
.4
.8
.6
2.2
.4
.8
.5
2.2
.5
.7
.4
2.3
.5
.5
.3
2.5
.6
.6
.1
.2
2.6
.6
.6
.2
2.8
.7
.5
.4
2.9
.8
.5
.2
19.5
21.1
22.8
24.5
26.0
28.3
30.9
33.5
36.0
38.1
41.8
43.6
12.4
1.8
5.2
13.0
2.0
6.1
13.7
2.2
6.9
14.4
2.3
7.8
15.2
2.5
8.3
16.1
2.7
9.5
17.3
2.9
10.7
18.5
3.3
11.7
19.7
3.6
12.7
20.7
3.9
13.6
21.6
4.2
14.1
23.0
4.3
14.5
24.3
4.4
14.9
42.9
4.0
2.9
57.4
4.4
4.2
72.3
5.8
6.1
90.4
6.2
6.6
97.7
6.8
8.1
104.1
6.9
8.6
110.0
7.1
8.5
121.1
7.3
9.2
133.2
7.9
10.0
142.9
7.9
10.9
144.2
7.8
11.9
151.5
8.2
13.3
1.0
.7
.9
.5
.7
.4
.7
.4
.7
.4
.7
.4
.6
.4
.5
.3
.5
.3
6.6
.2
.3
136.0
7.0
.2
.4
152.5
7.6
.2
.4
7.9
.2
.4
174.0
194.7
8.2
.2
.4
211.6
8.8
.3
.3
254.3
9.2
.3
.3
267.0
180.9
912.9
Specific imputations
Owner-occupied nonfarm housing:
Space rent
Less: Intermediate goods and services consumed
Equals: Gross housing product
Consumption of fixed capital
Indirect business tax and nontax liability
Subsidies
Net interest
Rental income of persons with capital consumption adjustment.
39.7
37.
1812
16.5
Owner-occupied farm housing:
Space rent
Less: Intermediate goods and services consumed
Equals: Gross housing product
Consumption of fixed capital
Indirect business tax and nontax liability
Net interest
Proprietors' income with inventory valuation and capital consumption adjustments
Rental value of buildings and equipment owned and used by nonprofit
institutions serving individuals.
Consumption of fixed capital
Indirect business tax and nontax liability .
Net interest
Services furnished without payment by financial intermediaries except life
insurance carriers and private noninsured pension plans:
To persons
To government
To rest of the worid
Farm products consumed on farms
Less: Intermediate goods and services consumed
1.1
.6
Equals: Gross farm product
Employment-related:
Food furnished to employees, including military and domestic service
Standard clothing issued to military personnel
Employees' lodging
Employer-paid health and life insurance premiums
Employer contributions for social insurance for Federal Government
employees1:
Workers' compensation
Unemployment insurance ..,
Retirement programs
Military 2
Other 5
Other
Military medical insurance4
7.2
.2
.3
105.2
7.3
.2
.3
87.8
.7
.3
15.5
15.4
.1
.5
.7
.4
16.4
16.3
.1
76.1
2.5
6.7
96.4
2.6
7.8
6.8
.2
.3
122.4
8.5
.2
.4
234.3
.8
.3
12.7
12.6
.1
.7
40.5
1.5
4.6
7.0
.1
.3
114.9
1.4
.6
.7
.5
.2
1.4
Other:
Net purchases of owner-occupied residential structures .
Margins on owner-built housing ,
Net purchases of buildings and equipment owned and used by nonprofit institutions
serving individuals.
1. Contributions for these programs, for which a social insurance fund is imputed, are set equal to benefits paid.
These payments are funded directly out of current budget.
2. Prior to 1984, all military retirement programs were funded directly out of current budget. With the establishment
of the Military Retirement Trust Fund in October 1984, only the Coast Guard program continues to be funded directly
out of current budget.
3. Consists largely of retirement programs for Public Health Service officers and employees of the judiciary.
4. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities.
96.8
2.7
7.3
119.8
3.2
9.1
127.5
4.4
11.5
132.8
3.9
12.6
123.3
3.8
13.6
109.9
3.9
13.4
92.1
4.4
10.5
110.5
4.8
12.5
141.3
5.2
14.3
165.7
5.4
9.8
NOTES.—(1) Only national income and product items for which there are imputations are shown in this table.
(2) In table 8.18, imputed interest paid (line 36) is the difference between the property income received from the
investment of depositors' or beneficiaries' funds and the interest paid by them to business, persons, governments,
and the rest of the world. In table 8.19, imputed interest (line 55)—the interest component of imputations that affect
GNP—consists of the imputed interest paid by financial intermediaries other than life insurance carriers and private
noninsured pension plans to persons and government, and the interest paid on owner-occupied housing and on
buildings and equipment owned and used by nonprofit institutions serving individuals.
146
• August 1998
SURVEY OF CURRENT BUSINESS
Table 8.23.—Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts (NIPA's) to Corresponding Measures
as Published by the Internal Revenue Service (IRS)
[Billions of dollars]
Line
1982
1983
1984
1987
1985
1990
1988
1992
1993
1994
154.8
Plus: Adjustment for misreporting on income tax returns
Posttabulation amendments and revisions'
Income of organizations not filing corporation income tax returns
Federal Reserve banks
Federally sponsored credit agencies2
Other 3
Depletion on domestic minerals
Adjustment to depreciate expenditures for mining exploration, shafts, and
wells.
State and local corporate profits tax accruals
Interest payments of regulated investment companies
Bad debt expense
190.0
232.5
240.1
274.4
336.8
411.4
390.3
376.9
349.4
412.2
505.0
585.1
29.8
14.4
Total receipts less total deductions, IRS
41.4
12.0
7.2
14.6
41.2
3.5
7.3
16.4
1.4
48.8
-.8
4.4
16.3
.7
56.6
-23.8
60.9
-25.5
.9
1.7
-12.7
6.4
7.5
15.7
.6
-15.4
1.5
-17.4
66.7
-25.1
2.9
20.2
2.2
-10.5
6.5
11.2
53.8
1.4
1.1
15.5
0
-14.4
7.6
6.9
-7.2
6.9
-5.0
-19.5
7.3
-7.5
67.6
-14.1
1.7
20.3
2.0
-20.6
6.8
-7.7
70.7
-9.0
-1,1
17.8
1.9
-20.8
7.3
-7.0
72.5
-6.6
^.0
16.1
2.1
-22.3
-3.9
65.2
-26.4
3.5
21.4
2.0
-19.9
7.6
^.6
78.1
-23.4
-4.5
17.8
2.1
-24.3
7.6
-3.4
7.9
15.2
1.6
-9.0
5.8
19.9
1.2
-8.6
6.2
10.2
17.6
6.9
-6.0
14.0
-23.2
26.7
-17.5
30.5
18.8
-21.7
33.8
20.2
-24.4
43.3
22.7
-28.5
53.4
23.9
-45.1
54.6
26.0
-53.5
58.6
24.2
-67.5
68.8
22.5
-68.0
83.7
23.6
-68.7
100.9
24.4
-69.9
89.6
-78.7
80.7
29.1
18.2
44.8
42.0
19.7
41.6
46.7
21.2
44.8
75.2
17.0
45.7
124.0
15.2
38.7
82.9
13.9
43.4
80.1
22.3
59.9
82.9
24.8
49.0
62.8
23.4
54.9
62.2
23.5
46.2
70.9
25.3
56.2
90.8
28.8
59.1
71.0
33.0
62.2
5.3
3.4
7.0
3.4
5.6
3.5
8.0
3.1
12.9
3.3
8.3
3.3
11.1
4.6
8.3
5.1
7.9
5.2
16.5
5.4
17.4
5.8
20.4
6.0
5.2
6.8
27.4
30.6
32.7
33.4
34.6
41.6
50.7
58.0
65.7
68.7
64.9
73.9
73.4
176.7
212.8
244.2
229.9
222.6
293.6
354.3
348.1
371.7
374.2
406.4
465.4
535.1
86.8
92.2
108.0
111.3
111.1
118.5
131.4
127.8
128.2
121.1
131.3
154.4
172.8
-13.2
-4.7
-4.8
-4.9
-7.9
-1.5
-2.3
-.7
-2.0
-3.6
.3
2.4
.7
15.2
14.0
21.2
17.3
1.2
14.2
15.9
21.5
16.1
2.7
16.1
18.8
23.1
17.8
20.2
26.7
17.8
22.7
24.4
17.7
23.9
23.5
17.4
26.0
29.4
21.6
24.2
26.8
23.6
22.5
28.2
20.8
23.6
24.6
16.8
24.4
25.3
16.0
26.9
27.6
20.5
29.9
29.2
20.9
21.3
12.9
8.0
6.1
4.8
3.6
4.0
4.5
6.9
8.1
63.1
77.2
94.0
96.5
106.5
127.1
137.0
141.3
140.5
133.4
143.0
165.2
186.6
Profits after tax, NIPA's (19-27)
113.6
135.5
150.1
133.4
116.1
166.5
217.3
206.8
231.2
240.8
263.4
300.2
348.5
Dividends paid in cash or assets, IRS
131.2
128.3
144.9
161.5
190.7
197.5
223.6
262.5
282.4
289.6
302.8
340.1
380.9
-7.9
.7
-2.0
-5.4
.7
-9.7
.9
-31.4
.7
-13.9
.5
-3.0
.6
-10.3
.7
-14.0
-21.2
.5
-24.9
.8
-412
1.0
-40.0
1.1
16.4
12.4
1.2
-17.5
12.6
1.0
-21.7
12.0
31.2
1.5
-45.1
1.3
-53.5
28.2
1.7
-67.5
20.9
1.4
-68.0
21.6
1.1
-24.4
18.0
1.4
-28.5
16.4
1.0
-23.2
1.8
-68.7
23.4
2.0
-69.9
20.8
2.7
-78.7
31.8
2.8
-97.4
Less: Dividends received by U.S. corporations
Earnings of U.S. residents remitted by their unincorporated foreign affiliates ...
41.6
9.7
42.9
5.7
48.3
4.6
51.5
5.9
52.7
6.8
55.1
5.7
82.7
6.6
78.0
2.9
77.1
2.3
73.6
2.9
77.0
9.3
79.6
7.6
89.7
7.1
Equals: Net corporate dividend payments, NIPA's
66.7
74.4
79.3
83.9
91.4
96.0
111.1
134.4
143.9
147.2
147.9
157.6
182.4
Less: Tax-return measures of:
Gains, net of losses, from sale of property
Dividends received from domestic corporations
Income on equities in foreign corporations and branches (to U.S.
corporations).
Costs of trading or issuing corporate securities4
Taxes paid by domestic corporations to foreign governments on income
earned abroad.
Plus: Income received from equities in foreign corporations and branches by all U.S.
residents, net of corresponding payments.
Equals: Profits before taxes, NIPA's
Federal income and excess profits taxes, IRS
20
Plus: Posttabulation amendments and revisions, including results of audit and
renegotiation and carryback refunds.
g
y
A t
id t U.S. Treasury by Federal Reserve banks
S
Amounts paid to U T
State and local corporate profits tax accruals
p
p
Less: U.S. tax credits claimed for foreign taxes paid
US t
dit l i d f f i
t
id
Investment tax credit 5
Other tax credits 5
Equals: Profits tax liability, NIPA's
Plus: Posttabulation amendments and revisions6
Dividends paid by Federal Reserve banks and certain federally sponsored
credit agencies 2 .
U.S. receipts of dividends from abroad, net of payments to abroad
Earnings remitted to foreign residents from their unincorporated U.S. affiliates
Interest payments of regulated investment companies
15.9
1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written
off, of adjustments for insurance carriers and savings and loan associations, of amortization of intangible assets,
and of tax-exempt interest income.
2. Consists of the Farm Credit System for 1947 forward and the Federal home loan banks for 1952 forward.
26.9
29.9
-97.4
67.9
3. Consists of private noninsured pension plans, nonprofit organizations serving business, and credit unions.
4. Includes the imputed financial service charge paid by corporations to domestic securities dealers who do not
charge an explicit commission.
5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26).
6. Consists largely of an adjustment to remove capital gains distributions of regulated investment companies.
Table 8.26.—Comparison of Personal Income in the National Income and Product Accounts (NIPA's) with Adjusted Gross Income as Published by
the Internal Revenue Service (IRS)
[Billions of dollars]
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
2,724.1
2,894.4
3,211.4
3,440.9
3,639.6
3,877.8
4,178.9
4,496.4
4,796.2
4,965.6
5,255.7
5,481.0
5,757.9
Less: Portion of personal income not included in adjusted gross income
Transfer payments except taxable military retirement and taxable
government pensions.
Other labor income except fees
Imputed income in personal income •
Investment income of life insurance carriers and private noninsured
pension plans 2 .
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 .
819.4
352.5
891.4
379.3
990.9
381.2
1,097.8
408.1
1,173.0
434.9
1,161.9
445.6
1,250.8
472.7
1,360.1
511.7
1,494.9
561.2
1,620.5
625.6
1,732.4
692.8
1,845.4
740.0
1,934.6
770.5
163.2
66.1
65.4
174.5
79.0
79.1
186.0
82.0
102.2
199.8
89.1
122.9
212.4
105.7
130.3
231.4
117.8
147.7
247.5
132.4
158.2
268.8
134.8
178.8
296.1
152.1
189.7
318.1
168.0
199.8
346.5
182.3
200.2
380.1
209.1
214.6
399.9
230.2
206.6
29.3
30.8
35.0
37.9
37.6
39.7
45.0
50.1
52.3
52.3
50.7
49.0
49:5
47.3
32.3
69.1
85.5
83.8
76.4
77.7
93.2
90.1
83.7
62.5
62.0
95.7
116.3
135.4
154.4
168.3
103.4
117.2
126.5
150.3
166.6
176.2
190.1
216.0
Plus: Portion of adjusted gross income not included in personal income
Personal contributions for social insurance
Gains, net of losses, from sales of property
Taxable private pensions
Small business corporation income
Other types of income
194.7
112.3
35.0
48.4
-.9
-.2
231.8
119.7
50.6
60.1
2.0
-.6
268.0
132.7
56.2
76.6
6.2
-3.8
308.6
149.0
69.8
87.1
6.3
-3.6
412.3
162.1
133.6
113.4
7.6
-4.4
440.6
173.7
138.0
113.9
17.7
-2.7
502.6
194.2
155.6
108.9
34.5
9.4
530.2
210.8
146.7
124.5
35.6
12.6
520.2
223.9
115.7
130.1
36.4
14.1
519.0
235.8
100.6
136.5
31.7
14.4
578.4
248.4
115.6
147.4
47.9
19.2
618.9
260.3
140.3
147.6
51.9
18.8
665.2
277.5
139.1
150.5
71.7
26.3
Equals: BEA-derived adjusted gross income ....
2,099.4
2,234.8
2,488.5
2,651.7
2,878.9
3,156.5
3,430.7
3,666.5
3,821.5
3,864.1
4,101.7
4,254.6
4,488.5
Adjusted gross income, IRS
1,852.1
1,942.6
2,139.9
2,306.0
2,481.7
2,773.8
3,083.0
3,256.4
3,405.4
3,464.5
3,629.1
3,723.3
3,907.5
247.3
292.2
348.6
345.8
397.3
382.7
347.6
410.2
416.0
399.6
472.6
531.3
581.0
11.8
88.2
13.1
14.0
86.0
13.0
87.0
13.8
86.2
12.1
87.9
10.1
89.9
11.2
88.8
10.9
10.3
89.7
11.5
88.5
12.5
87.5
12.9
87.1
Line
Personal income, NIPA's
Adjusted gross income (AGI) gap 3
AGI gap (line 18) as a percentage of BEA-derived AGI (line 16)
AGI of IRS (line 17) as a percentage of BEA-derived AGl (line 16)
1. Consists of the imputations included in personal income shown in table 8.19 except for employer-paid health
and life insurance premiums (line 115). In table 8.26, these premiums are included in line 4.
2. Equals imputed interest received by persons from life insurance carriers and private noninsured pension plans
as shown in table 8.18 (line 51).
3. Consists of income earned by low-income individuals who are not required to file income tax returns, unreported income that is included in the NIPA measure, and gross errors and omissions in lines 2 through 15. Also
includes the net effect of errors in the IRS adjusted gross income (line 17) and NIPA personal income (line 1)
measures. Such errors can arise from the sample used by IRS to estimate line 17 and from the source data used
by BEA to estimate line 1.
SURVEY OF CURRENT BUSINESS
August 1998
GDP and Other Major NIPA Series, 1929-97
form, respectively.
Table 3 presents NIPA price
indexes, and table 4 presents national income and personal income. These estimates are updated quarterly
and are available from STAT-USA'S Economic Bulletin
Board and Internet services; for information, call
TABLES 1-4 PRESENT historical series from the
national income and product accounts (NIPA'S).
Table 1 presents current-dollar gross domestic
product and its components.
Tables 2A and
2B present real gross domestic product and its
components, in chained dollars and in index
(202) 482-1986.
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
fJet exports»
Gross private domestic investment
Government2
Fixed investment
Year anrl
Tear ana
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Nonresidential
Total
Total
Total
Structures
PDE
Residential
CBI
Net
Exports , Imports
1929
103.8
77.5
9.2
37.7
30.5
16.7
14.9
11.0
5.5
55
4.0
1930
1931
1932
1933
1934
91.1
76.4
58.6
56.2
65.9
70.2
60.7
48.7
45.9
51.4
7.2
5.5
29.0
26.2
22.3
20.2
20.5
10.6
5.9
11.0
7.0
8.6
5.3
4.4
2.6
4.2
2.6
2.4
1.8
3.6
3.5
4.2
34.0
29.0
22.7
22.3
26.7
1.1
1.7
3.7
3.6
3.1
4.3
2.9
2.5
3.3
1.4
1.1
1.2
1.5
1.4
2.1
.8
.6
.9
1935
1936
1937
1938
1939
73.1
83.6
91.8
85.9
91.9
55.9
62.2
66.8
64.2
67.2
5.1
6.3
6.9
5.7
6.7
29.3
32.9
35.2
34.0
35.1
21.5
23.0
24.7
24.6
25.4
6.7
8.7
5.6
75
9.5
7.7
9.1
4.3
5.8
7.5
5.5
6.1
1.4
1.9
2.7
2.1
2.2
2.8
3.9
4.8
3.4
3.9
1 j
17
2.1
2.1
3.0
1.1
1.2
2.7
-.6
.2
1940
1941
1942
1943
1944
101.2
126.7
161.6
198.3
219.7
71.2
81.0
88.9
99.7
108.5
7.8
9.7
6.9
6.5
6.7
37.0
42.9
50.8
58.6
64.3
26.4
28.5
31.3
34.6
37.4
13.6
18.2
10.5
11.2
13.8
6.1
7.8
8.5
6.9
8.7
7.7
9.7
6.3
5.4
7.4
2.6
3.3
2.2
1.8
2.4
5.2
6.4
4.1
3.7
5.0
3.5
4.1
2.2
1.4
1.4
2.4
4.4
1.9
-.8
-.9
-2.4
-2.2
1945
1946
1947
1948
1949
223.2
222.6
244.6
269.7
267.8
119.9
144.3
162.3
175.4
178.9
8.0
71.9
82.7
90.9
96.6
94.9
40.0
45.8
51.0
56.0
59.0
10.9
31.3
35.0
48.1
36.7
12.3
25.1
35.5
42.4
39.6
10.6
17.3
23.5
26.8
24.9
3.3
7.4
8.1
9.5
9.2
73
&9
1.7
7.8
-1.4
_g
6.7
15.8
20.4
22.9
25.0
15.3
17.3
15.7
12.1
15.6
14.6
6.2
-.5
5.6
7.'1
10.8
5.4
5.2
14.1
18.7
15.5
14.4
1950
1951
1952
1953
1954
294.6
339.7
358.6
379.7
381.3
192.7
208.7
219.7
233.5
240.7
30.8
29.9
29.3
32.7
32.1
98.2
109.2
114.7
117.8
119.7
63.7
69.7
75.7
83.0
89.0
54.2
60.3
54.0
56.3
53.8
48.3
50.3
50.5
54.5
55.8
27.8
31.8
31.9
35.1
34.7
10.0
12.0
12.2
13.6
13.9
17.8
19.9
19.7
21.5
20.8
20.5
18.4
18.6
19.4
21.1
-1.9
.7
2.4
1.0
-.8
.3
1955
1956
1957
1958
1959
415.1
438.0
461.0
467.3
507.2
259.1
271.9
286.7
296.3
318.1
38.9
38.2
39.7
37.2
42.7
124.7
130.8
137.1
141.7
148.5
95.5
103.0
109.9
117.4
127.0
69.0
72.2
70.6
64.5
78.8
64.0
68.1
69.7
64.9
74.6
39.0
44.5
47.5
42.5
46.5
15.2
18.2
19.0
17.6
18.1
23.9
26.3
28.6
24.9
28.3
25.0
23.6
22.2
22.3
28.1
4.9
4.1
.9
-.4
4.2
.4
2.3
4.0
.4
1960
1961
1962
1963
1964
526.6
544.8
585.2
617.4
663.0
332.2
342.6
363.4
383.0
411.4
43.3
41.8
46.9
51.6
56.7
152.9
156.6
162.8
168.2
178.7
136.0
144.3
153.7
163.2
176.1
78.8
77.9
87.9
93.4
101.7
75.5
75.0
81.8
87.7
96.7
49.2
48.6
52.8
55.6
62.4
19.6
19.7
20.8
21.2
23.7
29.7
28.9
32.1
34.4
38.7
26.3
26.4
29.0
32.1
34.3
3.2
2.9
6.1
5.7
5.0
1965
1966
1967
1968
1969
719.1
787.8
833.6
910.6
982.2
444.3
481.9
509.5
559.8
604.7
63.3
68.3
70.4
80.8
85.9
191.6
208.8
217.1
235.7
253.2
189.4
204.8
222.0
243.4
265.5
118.0
130.4
128.0
139.9
155.0
108.3
116.7
117.6
130.8
145.5
74.1
84.4
85.2
92.1
102.9
28.3
31.3
31.5
33.6
37.7
45.8
53.0
53.7
58.5
65.2
34.2
32.3
32.4
38.7
42.6
9.7
1,035.6
1,125.4
1,237.3
1,382.6
1,496.9
648.1
702.5
770.7
851.6
931.2
85.0
96.9
110.4
123.5
122.3
272.0
285.5
308.0
343.1
384.5
291.1
320.1
352.3
384.9
424.4
150.2
176.0
205.6
242.9
245.6
148.1
167.5
195.7
225.4
231.5
106.7
111.7
126.1
150.0
165.6
40.3
42.7
47.2
55.0
61.2
66.4
69.1
78.9
95.1
104.3
41.4
55.8
69.7
75.3
66.0
1975
1976
1977
1978
1979
1,630.6
1,819.0
2,026.9
2,291.4
2,557.5
1,029.1
1,148.8
1,277.1
1,428.8
1,593.5
133.5
158.9
181.1
201.4
213.9
420.6
458.2
496.9
549.9
624.0
475.0
531.8
599.0
677.4
755.6
225.4
286.6
356.6
430.8
480.9
231.7
269.6
333.5
403.6
464.0
169.0
187.2
223.2
272.0
323.0
61.4
65.9
74.6
91.4
114.9
107.6
121.2
148.7
180.6
208.1
1980
1981
1982
1983
1984.;...'....'.
2,784.2
3,115.9
3,242.1
3,514.5
3,902.4
1,760.4
1,941.3
2,076.8
2,283.4
2,492.3
213.5
230.5
239.3
279.8
325.1
695.5
758.2
786.8
830.3
883.6
851.4
952.6
1,050.7
1,173.3
1,283.6
465.9
556.2
501.1
547.1
715.6
473.5
528.1
515.6
552.0
648.1
350.3
405.4
409.9
399.4
468.3
133.9
164.6
175.0
152.7
176.0
1985
1986
1987
1988
1989
4,180.7
4,422.2
4,692.3
5,049.6
5,438.7
2,704.8
2,892.7
3,094.5
3,349.7
3,594.8
361.1
398.7
416.7
451.0
472.8
927.6
957.2
1,014.0
1,081.1
1,163.8
1,416.1
1,536.8
1,663.8
1,817.6
1,958.1
715.1
722.5
747.2
773.9
829.2
688.9
712.9
722.9
763.1
797.5
502.0
494.8
495.4
530.6
566.2
193.3
175.8
172.1
181.3
192.3
1970
1971
1972
1973
1974
....
.
See footnotes at the end of the table.
12.2
7.1
9.3
1.7
Total
Federa
State
and
local
Final
sales of
domestic
product
Percent change
from preceding
period
GNP
GDP
Final
sales of
domestic
product
5.9
5.6
9.3
1.7
7.6
102.1
104.6
4.4
2.9
4.1
2.9
9.9
9.8
1.8
1.8
8.1
8.0
1.9
1.9
2.2
8.7
8.6
.3
2.0
2.0
2.6
10.4
1.8
2.2
3.2
6.9
6.4
7.2
91.4
77.6
61.0
57.7
66.4
91.8
76.9
58.9
56.5
66.1
-12.3
-16.1
-23.4
-4.0
17.1
-10.5
-15.1
-21.3
-5.5
15.1
—2.
0
.9
.8
2.8
3.0
4.0
3.8
3.9
3.0
3.2
4.0
2.8
3.1
10.8
13.0
12.7
13.7
14.6
3.3
5.5
5.0
5.6
5.9
75
7^5
7.7
8.1
8.8
72.0
82.4
89.1
86.5
91.7
73.5
83.9
92.2
86.3
92.3
11.0
14.3
14.5
4.8
5.4
4.3
3.9
4.8
3.4
4.4
4.6
6.3
6.9
15.0
26.5
62.7
94.9
105.6
6.4
17.9
54.1
86.6
97.2
8.5
8.5
8.5
8.3
8.3
98.8
122.2
159.7
199.1
220.6
75
84.4
29.2
22.8
24.5
28.0
8.9
9.2
93.3
39.9
36.5
40.8
47.0
10.7
13.7
16.3
19.0
12.3
17.0
16.3
15.2
15.7
11.6
14.6
15.3
16.0
15.4
47.1
68.3
83.8
90.7
86.4
26.3
45.3
59.4
64.5
57.4
-1.7
17.6
21.2
23.9
20.4
20.6
17.2
18.9
19.9
20.0
22.3
86.7
91.6
99.8
106.1
112.0
2.4
3.4
2.4
3.3
5.5
25.3
26.0
27.4
29.4
33.6
22.8
22.7
25.0
26.1
28.1
13.8
10.5
3.9
1.9
1.4
9.1
9.5
-1.3
-1.2
35.4
38.9
41.4
45.3
49.3
2.2
8.5
9.9
-3.0
-6.0
17.5
14.1
62.7
82.5
110.3
131.6
141.0
216.4
240.9
234.9
246.7
292.3
308.7
319.0
323.3
349.3
373.9
-1.1
-2.5
-1.5
-.6
0.4
0
0
8.4
9.7
8.1
-6.4
-2.9
7.0
6.0
101.6
127.2
162.1
198.7
220.2
10.1
25.2
27.6
22.7
10.8
23.7
30.7
24.7
10.8
224.6
216.4
245.1
264.1
270.6
2235
223.3
245.8
271.2
269.1
9i
20.7
23.0
24.5
26.2
29.0
288.7
329.7
355.0
377.9
383.2
54.9
56.7
61.3
63.8
67.2
31.7
34.8
38.5
42.3
44.8
113.2
120.9
131.4
137.7
144.4
65.6
69.1
76.5
78.1
79.4
31.5
37.1
39.9
46.6
50.5
153.0
173.6
194.6
212.1
223.8
-3.1
57.0
59.3
66.2
91.8
124.3
55.8
62.3
74.2
91.2
127.5
-6.3
16.9
23.1
27.2
16.9
13.6
-2.3
-23.7
-26.1
-24.0
136.3
148.9
158.8
186.1
228.7
123.2
122.6
105.7
152.5
179.8
-7.6
28.2
-14.5
-4.9
67.5
-14.9
-15.0
-20.5
-51.7
-102.0
186.9
218.1
227.6
232.5
231.3
26.2
-114.2
-131.5
-142.1
-106.1
-60.4
-2.8
5.9
10.1
3.5
1.8
9.6
24.2
10.9
31.7
1.4
1.0
_j
1.2
.6
7o
!
7.9
1.6
7.8
1.8
-3.6
13.2
—7
.
7.8
2.4
296.1
341.7
360.7
381.7
383.4
10.0
15.3
14.2
5.5
5.9
.4
7.7
6.4
1.4
410.2
433.9
460.1
467.7
503.0
417.7
440.9
464.2
470.1
510.1
8.9
5.5
5.3
1.4
8.5
7.0
5.8
6.1
1.6
7.6
47.6
51.8
55.0
59.6
65.0
523.3
541.9
579.1
611.7
658.0
529.8
548.4
589.4
621.9
668.0
3.8
3.5
7.4
5.5
7.4
4.0
3.5
6.9
5.6
7.6
81.8
94.1
106.6
113.8
115.8
71.2
79.5
88.1
98.3
108.0
709.4
774.0
823.1
901.4
972.7
724.5
793.0
839.1
916.7
988.4
8.5
9.5
5.8
9.2
7.9
7.8
9.1
6.3
9.5
7.9
236.1
249.9
268.9
287.6
323.2
115.9
117.1
125.1
128.2
139.9
120.2
132.8
143.8
159.4
183.3
1,033.4
1,116.9
1,227.4
1,365.2
1,482.8
1,042.0
1,133.1
1,246.0
1,395.4
1,512.6
5.4
8.7
9.9
6.2
8.1
9.9
11.7
11.2
122.7
151.1
182.4
212.3
252.7
362.6
385.9
416.9
457.9
507.1
154.5
162.7
178.4
194.4
215.0
208.1
223.1
238.5
263.4
292.0
1,636.9
1,802.0
2,003.8
2,264.2
2,540.6
1,643.9
1,836.1
2,047.5
2,313.5
2,590.4
278.9
302.8
282.6
277.0
303.1
293.8
317.8
303.2
328.6
405.1
572.8
633.4
684.8
735.7
796.6
248.4
284.1
313.2
344.5
372.6
324.4
349.2
371.6
391.2
424.0
2,791.9
3,087.8
3,256.6
3,519.4
3,835.0
2,819.5
3,150.6
3,273.2
3,546.5
3,933.5
303.0
320.7
365.7
447.2
509.3
417.2
452.2
507.9
553.2
589.7
875.0
938.5
992.8
1,032.0
1,095.1
410.1
435.2
455.7
457.3
477.2
464.9
503.3
537.2
574.7
617.9
4,154.5
4,412.6
4,668.1
5,038.7
5,407.0
4,201.0
4,435.1
4,701.3
5,062.6
5,452.8
10.1
10.3
6.7
8.3
8.6
8.9
10.4
10.1
11.2
13.0
12.2
11.5
11.4
13.0
11.6
8.9
9.9
11.9
10.6
4.1
8.4
11.0
5.5
8.1
9.0
7.1
5.8
6.1
7.6
7.7
8.3
6.2
5.8
7.9
7.3
148
SURVEY OF CURRENT BUSINESS
• August 1998
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
Net exports
Gross private domestic investment
1
Government2
Fixed investment
GDP
Total
NonDurable durable
goods
goods
Services
Nonresidential
Total
Total
Total
Structures
PDE
Residential
CBI
Net
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Percent change
from preceding
period
GNP
GDP
Final
sales of
domestic
product
1990
1991
1992
1993
1994
5,743.8
5,916.7
6,244.4
6,558.1
6,947.0
3,839.3
3,975.1
4,219.8
4,459.2
4,717.0
476.5
455.2
488.5
530.2
579.5
1,245.3
1,277.6
1,321.8
1,370.7
1,428.4
2,117.5
2,242.3
2,409.4
2,558.4
2,709.1
799.7
736.2
790.4
876.2
1,007.9
791.6
738.5
783.4
855.7
946.6
575.9
547.3
557.9
604.1
660.6
200.8
181.7
169.2
176.4
184.5
375.1
365.6
388.7
427.7
476.1
215.7
191.2
225.6
251.6
286.0
8.0
-2.3
7.0
20.5
61.2
-71.3
-20.5
-29.5
-60.7
-90.9
557.3
601.8
639.4
658.6
721.2
628.6
622.3
669.0
719.3
812.1
1,176.1
1,225.9
1,263.8
1,283.4
1,313.0
503.6
522.6
528.0
518.3
510.2
672.6
703.4
735.8
765.0
802.8
5,735.8
5,919.0
6,237.4
6,537.6
6,885.7
5,764.9
5,932.4
6,255.5
6,576.8
6,955.2
5.6
3.0
5.5
5.0
5.9
6.1
3.2
5.4
4.8
5.3
1995
1996
1997
7,269.6 4,953.9
7,661.6 5,215.7
8,110.9 5,493.7
611.0
643.3
673.0
1,473.6
1,539.2
1,600.6
2,869.2
3,033.2
3,220.1
1,043.2
1,131.9
1,256.0
1,012.5
1,099.8
1,188.6
727.7
787.9
860.7
201.3
216.9
240.2
526.4
571.0
620.5
284.8
311.8
327.9
30.7
32.1
67.4
-83.9
-91.2
-93.4
819.4
873.8
965.4
903.3
965.0
1,058.8
1,356.4
1,405.2
1,454.6
509.1
518.4
520.2
847.3
886.8
934.4
7,238.9
7,629.5
8,043.5
7,287.1
7,674.0
8,102.9
4.6
5.4
5.9
5.1
5.4
5.4
1946:1
II
Ill
IV
210.4
218.5
228.6
232.8
134.9
140.1
148.9
153.2
12.6
14.7
17.1
18.7
78.9
80.6
85.1
86.3
43.5
44.9
46.7
48.2
25.1
32.2
33.3
34.6
19.4
23.5
27.4
30.2
13.6
16.1
18.7
20.9
6.2
7.4
7.9
7.9
7.3
8.6
10.8
13.0
5.9
7.4
8.7
9.3
5.7
8.6
5.9
4.5
6.5
7.3
8.4
6.3
13.0
14.2
15.4
13.6
6.6
7.0
7.0
7.3
43.9
39.0
38.1
38.7
34.2
28.8
27.1
26.9
9.7
10.3
11.0
11.8
204.7
209.9
222.8
228.3
211.1
219.2
229.4
233.6
16.3
19.8
7.4
10.5
26.9
10.3
1947:1
II
Ill .....
IV
237.4
240.9
245.1
255.0
156.6
160.5
164.1
168.2
19.4
20.0
20.3
22.0
87.7
90.1
92.1
93.6
49.4
50.5
51.7
52.6
33.6
32.4
32.9
41.2
33.2
33.6
35.6
39.6
22.8
23.2
23.3
24.5
7.9
7.9
8.3
8.4
14.9
15.2
15.0
16.1
10.4
10.4
12.3
15.1
.4
-1.2
-2.8
1.6
10.8
11.2
11.7
9.2
18.3
19.4
19.4
17.6
7.5
8.2
7.7
8.3
36.5
36.7
36.5
36.3
23.6
23.4
22.6
21.7
12.9
13.3
13.9
14.6
237.1
242.1
247.9
253.3
238.5
242.0
246.3
256.2
8.3
5.9
71
17.0
16.3
8.7
10.0
9.1
1948:1
II
Ill
IV
260.8
267.9
274.4
275.8
170.9
174.7
177.6
178.5
22.0
22.4
23.7
23.3
95.1
97.0
97.0
97.3
53.9
55.3
56.9
57.9
44.9
48.1
50.3
49.1
41.3
42.2
43.1
43.1
26.2
26.0
27.0
28.1
8.8
9.3
9.9
10.1
17.3
16.7
17.1
18.0
15.2
16.3
16.1
15.0
3.5
5.8
7.2
6.0
7.2
5.2
4.9
4.4
16.9
15.2
15.4
14.6
9.6
10.0
10.5
10.1
37.8
39.9
41.7
43.8
22.7
24.1
24.9
26.4
15.1
15.9
16.7
17.4
257.3
262.0
267.3
269.8
262.3
269.4
276.0
277.3
9.5
11.3
10.2
2.0
6.4
7.6
8.3
3.8
1949: I
II
Ill
IV
270.6
266.7
268.1
265.7
177.4
179.0
178.3
180.8
22.8
24.8
25.8
26.8
96.3
95.3
93.5
94.3
58.3
58.9
59.0
59.8
40.9
33.9
37.2
35.0
40.5
39.2
38.6
39.9
26.6
25.5
24.1
23.5
9.7
9.4
8.9
8.7
16.8
16.1
15.2
14.9
14.0
13.7
14.5
16.3
.4
-5.3
-1.5
-4.9
6.4
6.2
5.1
2.9
16.0
15.6
14.0
12.0
9.6
9.4
8.9
9.1
45.9
47.6
47.5
46.9
27.9
28.9
28.0
27.2
18.0
18.7
19.4
19.7
270.2
272.0
269.6
270.5
272.0
268.1
269.4
266.9
-7.4
-5.6
2.1
-3.6
.6
2.6
-3.5
1.5
1950:1
II
Ill
IV
276.0
285.3
302.8
314.4
183.6
187.5
201.2
198.6
27.7
28.1
35.6
31.5
94.S
96.3
100.9
100.9
61.1
63.0
64.7
66.2
44.4
49.9
56.2
66.3
42.3
47.0
52.0
51.8
24.2
26.6
29.6
30.6
9.1
9.5
10.3
11.0
15.1
17.1
19.4
19.6
18.1
20.4
22.3
21.3
2.1
2.9
4.3
14.5
2.1
1.6
-.8
-.2
11.6
11.8
12.2
13.5
9.5
10.2
13.0
13.7
45.9
46.4
46.2
49.8
25.8
26.0
25.2
28.2
20.0
20.4
21.0
21.6
273.9
282.5
298.5
299.9
277.3
286.7
304.5
316.1
16.5
14.2
26.8
16.3
5.1
13.1
24.7
1.9
1951:1
II
Ill
IV
329.5
337.1
344.0
348.4
209.7
205.3
207.9
211.9
33.8
28.9
28.3
28.4
107.8
107.4
109.4
112.0
68.0
69.0
70.2
71.4
62.1
65.0
59.5
54.6
51.7
50.0
49.6
49.6
30.9
31.8
32.5
32.2
11.5
12.2
12.3
11.9
19.4
19.7
20.2
20.2
20.8
18.2
17.2
17.5
10.5
14.9
9.9
4.9
.1
19
3.7
4.1
15.0
17.0
18.0
18.1
14.9
15.2
14.3
14.0
57.6
65.0
72.9
77.9
35.5
42.1
49.4
54.2
22.1
22.9
23.4
23.7
319.1
322.2
334.1
343.5
331.1
339.1
346.1
350.7
20.7
9.5
8.4
5.3
28.0
4.0
15.6
11.8
1952:1
II
Ill
IV
351.7
352.5
358.7
371.4
213.3
217.4
219.9
228.0
28.9
29.1
27.4
31.5
111.4
113.7
115.9
117.9
72.9
74.6
76.5
78.6
55.4
49.9
53.9
57.0
50.5
51.4
48.3
51.9
32.4
32.9
29.8
32.5
12.0
12.1
12.2
12.6
20.4
20.8
17.7
19.9
18.0
18.5
18.5
19.4
4.9
-1.5
5.6
5.1
3.6
1.8
-.1
-1.1
18.6
16.5
15.1
15.2
15.0
14.6
15.3
16.3
79.4
83.3
85.0
87.5
55.6
58.7
60.6
62.6
23.8
24.6
24.4
25.0
346.8
353.9
353.1
366.3
353.8
354.6
360.8
373.5
3.8
.9
7.2
15.0
3.9
8.5
-.9
15.8
1953:1
II
Ill
IV
378.5
382.1
381.6
376.6
231.6
233.5
234.5
234.2
33.0
32.9
32.7
32.1
118.1
118.1
117.6
117.5
80.5
82.5
84.2
84.7
57.8
57.9
57.2
52.2
54.0
54.6
55.1
54.3
34.3
34.8
35.9
35.4
13.1
13.5
13.7
14.0
21.3
21.3
22.1
21.4
19.7
19.8
19.2
18.9
3.8
3.4
2.2
-2.2
-.8
-1.4
-.7
-.4
15.0
15.1
15.7
15.1
15.8
16.4
16.3
15.5
89.9
92.0
90.5
90.7
64.1
66.3
64.1
63.7
25.8
25.7
26.4
27.0
374.7
378.7
379.4
378.8
380.5
384.3
383.5
378.6
7.8
3.9
-.6
-5.1
9.4
4.4
.7
-.6
1954: I
II
Ill
IV
376.4
376.9
381.7
390.1
236.4
239.1
241.4
246.0
31.4
32.1
31.6
33.3
118.7
118.8
119.9
121.3
86.3
88.2
90.0
91.4
51.6
51.2
54.7
57.8
53.5
54.6
56.8
58.1
34.5
34.3
35.0
34.9
13.9
13.9
13.9
13.8
20.6
20.4
21.1
21.1
19.0
20.3
21.8
23.2
-1.9
-3.4
-2.1
-.3
-.4
.2
.5
1.1
14.3
16.3
15.8
16.5
14.8
16.2
15.3
15.5
88.8
86.4
85.0
85.2
60.9
57.8
55.5
55.3
27.9
28.6
29.6
29.9
378.3
380.3
383.7
390.4
378.4
379.0
383.8
392.5
-.3
.6
5.1
9.1
-.6
2.2
3.7
7.1
1955:1
II
Ill
IV
402.9
411.3
419.8
426.4
252.2
257.2
261.5
265.6
36.5
38.8
40.6
39.6
122.3
124.0
125.0
127.5
93.4
94.4
95.8
98.4
64.2
68.1
69.9
73.7
60.4
63.5
65.7
66.6
35.4
37.9
40.4
42.5
14.3
14.7
15.4
16.2
21.1
23.1
25.0
26.3
25.0
25.6
25.2
24.2
3.7
4.6
4.2
7.1
1.0
-.3
.6
.1
17.2
16.8
18.1
18.3
16.2
17.1
17.4
18.1
85.6
86.2
87.8
86.9
54.7
54.8
55.9
54.4
30.9
31.5
31.9
32.5
399.2
406.7
415.6
419.3
405.5
413.8
422.4
429.0
13.8
8.6
8.5
6.4
9.4
7.7
9.1
3.6
1956:1
II
Ill
IV
429.0
434.7
439.6
448.5
267.2
269.7
272.8
278.0
37.9
38.0
37.6
39.3
129.1
130.0
131.3
132.7
100.2
101.8
103.9
106.0
73.1
71.5
72.6
71.5
66.6
67.8
68.9
69.0
42.8
43.9
45.4
45.9
17.4
18.0
18.6
18.7
25.4
25.9
26.8
27.2
23.7
23.9
23.5
23.0
6.6
3.7
3.7
2.5
.3
1.8
2.5
4.4
19.3
20.8
21.7
23.0
18.9
19.0
19.3
18.5
88.4
91.6
91.7
94.5
54.8
57.1
56.5
58.6
33.6
34.5
35.2
36.0
422.5
431.0
435.9
446.0
432.0
437.6
442.6
451.1
2.5
5.4
4.6
8.3
3.1
8.3
4.6
9.6
1957:1
II
Ill
IV
457.2
459.0
466.4
461.6
282.3
284.5
289.1
290.9
40.3
39.8
39.4
39.1
134.5
135.8
139.2
138.9
107.5
108.9
110.5
112.9
71.9
71.9
73.4
65.1
69.6
69.3
70.4
69.4
47.0
47.1
48.4
47.5
18.8
19.0
19.1
18.9
28.2
28.1
29.3
28.6
22.6
22.2
22.0
21.9
2.3
2.6
3.0
-^.3
4.7
4.0
3.9
3.3
24.8
24.3
23.6
22.9
20.1
20.3
19.8
19.6
98.3
98.5
100.0
102.4
61.0
60.4
61.1
62.6
37.3
38.1
38.8
39.8
454.9
456.3
463.4
465.9
460.4
462.4
469.7
464.3
8.0
1.6
6.6
-4.0
8.2
1.2
6.3
2.3
1958:1
II
III
IV
454.0
458.3
471.8
485.2
290.5
293.5
298.6
302.5
37.1
36.3
37.0
38.3
139.5
140.8
142.8
143.9
113.9
116.4
118.9
120.3
60.5
58.7
65.5
73.2
64.6
63.0
63.9
68.0
43.6
42.0
41.4
43.0
18.1
17.6
17.3
17.6
25.5
24.4
24.1
25.5
20.9
21.0
22.5
24.9
-4.0
-42
1.5
5.2
1.0
.4
.7
-.4
20.4
20.4
20.5
20.5
19.5
20.1
19.7
20.8
102.0
105.7
107.0
109.8
61.2
64.0
64.1
66.0
40.8
41.8
42.9
43.8
458.0
462.6
470.3
480.0
456.8
461.2
474.5
487.9
-6.4
3.8
12.3
11.8
-6.6
4.0
6.8
8.5
1959:1
II
Ill
IV
496.3
509.3
509.6
513.8
310.4
316.4
321.7
323.8
41.5
43.2
44.1
41.8
146.1
147.7
149.3
150.9
122.8
125.5
128.4
131.1
76.7
82.7
76.3
79.4
72.3
74.9
76.1
75.1
44.5
46.1
47.8
47.6
17.4
18.0
18.6
18.5
27.1
28.1
29.1
29.1
27.8
28.8
28.3
27.5
4.4
7.8
.2
4.3
-1.7
-2.5
-1.1
-1.4
19.7
20.0
21.-8
21.1
21.4
22.5
22.9
22.5
110.9
112.6
112.6
111.9
66.2
67.8
67.7
67.1
44.7
44.9
44.9
44.8
491.9
501.5
509.4
509.5
499.0
512.0
512.5
516.9
9.5
10.9
.2
3.3
10.3
8.0
6.4
.1
1960:1
II
Ill
IV
527.3
526.1
529.0
523.9
327.3
333.2
333.1
335.0
43.2
44.1
43.6
42.4
150.8
153.6
153.0
153.9
133.3
135.5
136.5
138.7
89.1
79.4
78.4
68.1
77.8
76.3
74.2
73.8
49.4
50.2
48.9
48.5
19.4
19.5
19.4
20.0
30.1
30.7
29.5
28.4
28.4
26.1
25.3
25.3
11.3
3.1
4.2
-5.7
.9
1.7
3.0
4.0
24.2
25.2
25.9
25.8
23.3
23.5
22.9
21.7
110.0
111.8
114.5
116.7
64.0
64.5
66.2
67.7
46.0
47.3
48.2
49.0
516.0
523.0
524.8
529.6
530.3
529.2
532.2
527.3
10.9
-.9
2.2
-3.8
5.2
5.6
1.4
3.7
1961:1
II
Ill
IV
528.1
538.9
549.6
562.6
335.7
340.6
343.5
350.7
39.9
40.9
42.1
44.2
155.2
156.0
156.5
158.6
140.6
143.7
144.9
147.9
70.1
75.4
82.2
84.0
72.7
73.8
75.5
78.0
47.4
48.3
48.6
50.2
19.9
19.6
19.7
19.6
27.5
28.7
28.9
30.6
25.3
25.5
26.9
27.8
-2.6
1.6
6.7
6.0
4.4
3.3
2.8
2.9
26.1
25.2
26.1
26.8
21.7
21.9
23.3
23.9
117.8
119.7
121.0
124.9
67.1
68.7
69.3
71.3
50.8
50.9
51.7
53.6
530.7
537.3
542.9
556.6
531.8
542.4
553.2
566.3
3.3
8.4
8.1
9.9
.9
5.1
4.2
10.5
1962:1
II
Ill
IV
575.3
582.8
589.9
592.9
355.3
361.3
365.4
371.7
45.2
46.4
46.9
48.9
160.6
161.9
163.4
165.3
149.5
152.9
155.0
157.5
89.3
87.9
89.1
85.4
79.8
82.2
82.9
82.4
51.4
53.0
53.7
53.2
20.0
20.8
21.4
20.9
31.4
32.2
32.3
32.3
28.4
29.2
29.2
29.1
9.5
5.6
6.2
3.1
2.3
3.2
2.9
1.5
26.6
28.1
28.0
27.0
24.3
24.9
25.1
25.6
128.4
130.4
132.6
134.3
74.5
75.9
77.3
78.1
53.9
54.5
55.3
56.2
565.8
577.1
583.7
589.8
579.0
586.9
594.1
597.7
9.3
5.3
5.0
2.0
6.8
8.3
4.6
4.2
1963:1
II
Ill
IV
602.2
610.9
623.7
632.8
375.1
379.4
386.4
391.1
50.0
51.3
52.0
53.1
166.3
167.0
169.4
169.9
158.8
161.1
165.0
168.0
90.3
91.8
94.7
96.6
83.3
86.9
88.8
91.8 i
53.1
54.7
56.3
58.1
20.2
21.2
21.4
21.9
32.9
33.5
34.9
36.2
30.2
32.2
32.5
33.7
7.0
4.9
5.9
4.8
2.0
3.7
3.1
4.4
27.2
29.6
29.8
31.1
25.2
25.9
26.7
26.8
134.7
135.9
139.5
140.7
76.9
77.3
79.1
79.0
57.8
58.7
60.4
61.7
595.1
606.0
617.8
627.9
606.8
615.3
628.2
637.5
6.4
5.9
8.7
5.9
3.7
7.5
8.0
6.7
See footnotes at the end of the table.
SURVEY OF CURRENT BUSINESS
August 1998
•
149
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
^Jet export s
Gross private domestic investment
1
Government2
Percent change
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Nonresidential
Total
Total
Total
1964:1
II
Ill .....
IV
649.4
658.4
669.2
Structures
PDE
Residential
CBI
Net
Exports
Imports
Total
675.1
400.5
408.3
417.1
419.8
55.2
56.6
58.4
56.4
174.1
177.3
181.0
182.3
171.2 .
174.4
177.7
181.1
100.6
100.4
101.5
104.4
95.0
95.6
97.2
99.0
59.6
61.4
63.5
65.2
22.4
23.4
24.3
24.8
37.2
38.0
39.3
40.3
35.4
34.2
33.7
33.8
5.6
4.8
4.3
5.4
5.9
4.9
5.4
5.7
32.9
32.6
33.9
35.0
27.0
27.7
28.4
29.3
142.
144.
145.
145.3
1965:1
I!
Ill .....
IV
695.6
708.2
725.0
747.7
430.6
437.8
447.2
461.5
61.9
61.7
63.6
65.9
185.0
188.7
192.6
200.0
183.7
187.4
191.0
195.7
115,8
115.8
119.1
121.3
103.5
106.6
109.6
113.4
69.7
72.4
75.3
78.9
26.1
28.2
28.5
30.4
43.5
44.3
46.8
48.5
33.9
34.2
34.3
34.5
12.3
9.2
9.5
7.8
3.0
4.7
3.7
4.1
31.5
36.3
35.7
38.0
28.5
31.7
32.0
33.9
1966:1
II
Ill
IV
770.5
780.0
793.6
807.1
472.0
477.1
486.4
492.0
68.9
66.3
68.8
69,1
204.3
208.0
211.0
211.7
198.7
202.8
206.6
211.2
130.5
129.9
129.4
132.0
117.0
117.4
117.3
114.9
82.2
84.2
85.3
85.7
31.1
31.2
31.9
31.2
51.1
53.0
53.4
54.5
34.8
33.2
31.9
29.2
13.5
12.5
12.2
17.0
3.2
2.0
.8
1.5
38.2
38.2
39.0
40.4
1967:1
II
Ill
IV
817.5
823.3
838.9
854.7
496.8
506.2
513.7
521.2
67.6
71.0
71.1
72.0
213.9
215.6
218.0
220.9
215.3
219.6
224.5
228.3
127.7
123.0
128.5
133.0
112.7
116.2
118.1
123.3
84.3
84.5
84.7
87.2
31.7
30.9
31.5
32.0
52.7
53.6
53.2
55.3
28.3
31.6
33.4
36.0
15.0
2.3
2.1
1.1
1968:1
II
Ill
IV
880.5
904.9
920.1
936.8
539.5
553.2
569.1
577.5
77.1
79.1
83.3
83.6
228.1
233.3
239.4
242.0
234.3
240.9
246.3
251.9
135.7
141.9
138.7
143.5
127.5
128.0
130.7
137.0
90.6
89.9
91.8
96.0
33.1
33.2
33.2
34.8
57.6
56.7
58.6
61.3
36.9
38.2
38.9
40.9
8.1
-1.2
1969:1
II
Ill
IV
960.0
974.1
993.6
1,001.0
588.8
599.4
609.2
621.1
85.5
85.9
86.1
86.2
246.4
251.1
255.2
259.9
256.9
262.4
267.9
275.0
154.7
154.4
159.0
152.0
142.7
144.8
148.3
146.2
99.5
101.4
105.1
105.6
35.8
36.7
38.9
39.4
63.7
64.7
66.1
66.2
43.2
43.4
43.2
40.7
1970:1
II
Ill
IV
1,013.9
1,029.5
1,047.8
1,051.3
632.4
642.7
655.2
662.1
84.9
86.0
86.9
82.1
266.2
269.8
273.7
278.4
281.4
286.8
294.6
301.6
148.5
151.1
153.8
147.6
146.5
146.5
148.6
150.6
105.8
107.1
108.2
105.7
39.5
40.3
40.6
40.8
66.4
66.8
67.6
64.9
40.7
39.4
40.4
45.0 '
1971:1
II
Ill
IV
1,096.8
1,117.7
1,137.3
1,149.8
681.6
695.8
708.2
724.5
92.7
95.5
97.8
101.5
280.3
284.1
286.7
291.0
308.6
316.1
323.7
332.1
169.3
177.1
181.1
176.6
156.8
165.7
170.7
176.8
108.2
111.1
112.4
115.3
41.5
42 3
43.8
66.7
68.8
69.3
71.5
48.6
54.6
58.3
61.5
1972:1
II
III
IV
1,190.2
1,224.4
1,247.8
1,286.8
741.9
759.9
778.1
802.9
104.9
108.1
111.4
117.0
295.9
304.3
311.5
320.5
341.1
347.5
355.2
365.3
191.8
204.2
209.8
216.8
187.2
191.7
195.8
208.1
120.6
123,5
126.3
133.8
45.8
46.6
47.3
49.0
74.9
76.9
78.9
84.9
66.6
68.2
69.6
74.3
12.4
14.0
1973:1
II
Ill
IV
1,337.5
1,369.4
1,391.4
1,432.3
827.2
842.1
860.8
876.1
125.2
124.1
123.8
121.1
330.3
337.0
347.6
357.4
371.6
381.0
389.4
397.6
232.9
242.4
240.3
255.8
219.0
224.7
228.7
229.1
141.2
149.0
153.7
156.4
51.3
54.1
56.8
57.7
89.9
94.9
96.8
98.6
77.9
75.8
75.0
72.7
13.9
17.6
11.6
26.7
1974:1
II
Ill
IV
1,446.5
1,482.5
1,511.7
1,546.8
894.4,
922.4
950.1
957.8
118.9
123.0
128.8
118.6
369.1
380.3
391.7
396.7
406.3
419.1
429.7
442.4
241.2
247.5
242.8
251.0
228.0
231.2
235.9
231.0
159.0
163.7
168.5
171.0
59.0
61.3
61.4
63.2
100.0
102.3
107.1
107.8
69.0
67.5
67.4
60.0
13.2
16.3
1975:1
II
Ill
IV
1,560.3
1,597.8
1,657.1
1,707.3
982.7
1,012.4
1,046.3
1,075.1
123.2
128.3
138.0
144.4
404.4
415.5
427.7
435.0
455.1
468.6
480.6
495.7
212.2
211.2
234.3
243.7
223.9
225.9
234.4
242.6
166.3
166.0
169.7
173.9
61.7
60.4
61.3
62.0
104.6
105.6
108.4
111.8.
57.7
59.9
64.6
68.7
-11.7
-14.7
1976:1
II
Ill
IV
1,767.3
1,797.9
1,830.4
1,880.3
1,110.2
1,130.2
1,159.8
1,195.0
154.1
156.3
159.6
165.3
445.3
452.6
462.4
472.4
510.7
521.4
537.7
557.3
271.3
285.8
289.5
299.8
255.2
264.0
270.4
288.9
179.1
183.4
189.8
196.4
64.1
65.1
66.7
67.8
115.0
118.3
123.1
128.6
1977:1
II
Ill
IV .....
1,934.4
2,005.1
2,063.2
2,104.7
1,230.7
1,259.1
1,290.3
1,328.1
173.6
178.7
183.0
189.0
483.7
492.0
498.5
513.5
573.4
588.3
608.8
625.5
321.3
353.2
373.8
378.0
306.4
330.2
341.8
355.7
208.8
218.5
226.8
238.8
69.7
73.6
76.4
78.5
1978:1
II
Ill
IV
2,147.7
2,273.7
2,333.9
2,410.2
1,358.3
1,417.4
1,450.6
1,488.7
186.8
204.4
204.8
209.8
524.1
542.6
558.1
574.9
647.5
670.4
687.7
704.0
392.9
425.6
443.5
461.2
364.8
398.8
417.1
433.9
243.8
268.2
281.3
294.8
1979:1
ii
Ill
IV .....
2,464.5
2,522.3
2,592.8
2,650.4
1,529.3
1,563.9
1,617.4
1,663.5
211.1
209.9
218.4
216.3
593.5
610.1
635.3
657.1
724.7
743.9
763.7
790.1
471.1
482.4
486.4
483.5
446.8
455.1
474.9
479.2
1980:1
II
Ill
IV
2,722.3
2,719.4
2,783.4
2,911.8
1,713.1
1,716.9
1,774.9
1,836.8
219.4
199.2
212.4
223.0
679.2
686.0
698.9
717.8
814.5
831.7
863.6
895.9
493.0
449.8
430.8
490.1
1981:1
II
Ill
IV
3,040.2
3,070.3
3,167.7
3,185.5
1,890.3
1,923.5
1,967.4
1,983.9
232.6
227.4
238.4
223.6
745.1
755.5
762.5
769.5
912.6
940.6
966.6
990.8
1982:1
II
Ill
IV
3,178.6
3,231.6
3,259.1
3,299.1
2,021.4
2,046.1
2,091.1
2,148.7
233.2
235.6
238.1
250.1
775.5
777.8
792.2
801.9
1983:1
II
Ill
IV
3,361.0
3,469.2
3,563.3
3,664.6
2,185.0
2,257.2
2,316.8
2,374.7
254.6
274.7
286.8
303.3
805.3
823.1
841.4
851.1
See footnotes at the end of the table.
:
43J
irom preceding
period
Final
Fixed investment
6.8
10.4
654.5
663.4
674.3
679.9
10.
5.
6.
3.
10.5
146.2
149.9
155.0
160.9
78.3
79.9
82.4
86.5
67.9
70.1
72.7
74.3
683.4
699.0
715.5
739.9
701.2
713.9
730.4
752.6
12.
7.4
9.
13.
8.4
9.5
9.8
35.0
36.2
38.2
38.8
164.8
171.1
176.9
181.6
88.5
92.9
96.7
98.4
76.3
78.2
80.2
83.3
757.0
767.5
781.4
790.1
775.6
785.2
798.6
812.5
12.7
5.0
7.
7.0
9.6
5.7
7.4
4.5
41.7
41.1
40.7
41.9
39.4
39.0
39.5
41,7
190.8
191.9
195.6
200.3
105.1
105.0
107.0
109.1
85.6
87.0
88.6
91.2
802.5
816.5
828.5
845.0
822.8
828.4
844.7
860.4
5.2
2.8
7.8
7.8
6.4
7.2
6.0
8.2
43.2
44.8
47.0
46.2
44.4
45.4
48.2
48.2
206.6
210.4
213.6
217.7
112.4
113.1
114.2
115.5
94.2
97.3
99.5
102.3
872.4
891.0
912.1
930.2
886.4
911.0
926.4
943.1
12.6
11.5
13.6
41.9
50.9
51.0
53.2
43.8
52.7
52.4
53.1
218.4
222.0
226.7
227.8
114.1
114.8
117.6
116.7
104.3
107.2
109.2
,111.1
948.1
964.5
982.5
995./:
966.4
980.3
999.6
1,007.1
10.3
6.0
8.3
3.0
7.9
7.1
7.9
5.1
54.7
57.6
57.3
58.3
53.5
55.2
56.4
57.9
231.8
233.4
237.9
241.2
117.1 i
115.5
115.3
115.7
114.7
117.9
122.5
125.5
1,011.9
1,025.0
1,042.6
1,054.4
1,020.2
1,036.2
1,054.4
1,057.4
5.2
6.3
7.3
1.4
6.9
5.3
7.1
4.6
59.5
59.5
62.4
56.0
58.7
63.3
65.5
61.9
245.1
248.7
251.1
254.6
116.2
116.8
117.3
117.8
128.8
131.9
133.8
136.8
1,084.3
1,106:3
1,126.9
1,150.0
1,104.2
1,125.8
1,144.6
1,157.6
18.4
11.8
-O.8
-3.1
-4.0
7.9
7.2
4.5
8.4
7.7
8.4
-8.6
-3.3
-7.9
-7.1
63.5
63.1
66.2
72.1
72.2
71.4
74.1
79.2
265.2
268.6
267.9
274.1
125.2
127.3
123.1
124.7
140.0
141.3
144.7
149.4
1,185.6
1,211.9
1,233.8
1,278.1
1,198.5
1,232.6
1,256.9
1,295.9
14.8
12.0
13.0
-4.4
-1'.1
81.0
88.3
94.3 '
103.4
85.4
89.5
91.1
98.7
281.8
286.0
287.1
295.6
128.3
129.1
126.0
129.6
153.5
157.0
161.1
166.1
1,323.6
1,351.7
1,379.8
1,405.6
1,348:3
1,381.1
1,405.4
1,446.7 .
-.6
-1.3
-1.9
12.0
-1.9
-1.8
-1.C
2.0
4.6
5.2
-3.1
12.4
11.4
10.4
—.2
4.6
8.7
.1 .
1.1
2.4
c
}
.8
3.2
4.7
4.3
80.
-5.6
-9.1
-2.2
114.6
123.8
124.5
134,4
110.3
129.4
133.6
136.6
306.6
318.2
328.0
340.1
133.7
137.2
140.9
147.8
172.9
181.0
187.1
192.3
1,433.3
1,466.2
1,504.9
1,526.8
1,463.7
1,499.1
1,527.2
1,560.3
0
1.2
13.1
16.6
11.6
12,9
138.0
131.8
133.7
141.7
124.9
115.2
122.1
128.7
352.3
357.7
364.9
375.5
150.5
153.0
154.7
159.7
201.8
204.6
210.2
215.9
1,572.1
1,612.5
1,657.1
1,706.1
1,572.0
1,609.7
1,670.3
1,723.5
76.2
80.7
80.6
92.5
16.0
21.8
19.1
10.9
4.2
-1.1
-5.0
-7.2
143.1
146.0
150.9
155.4
138.9
147.1
155.8
162.7
381.7
383.0
386.0
392.8
159.3
160.8
163.1
167.7
222.3
222.2
222.9
225.0
1,751.3
1,776.1
1,811.3
1,869.4
139.1
144.8
150.4
160,3
97.6
111.7
115.0
116.9
14.9
23.0
32.0
22.3
-21.6
-21.7
-21.1
-30.3
154.8
161,3
161.8
157.1
176.4
183.0
182.9
187.4
403.9
414.6
420.2
428,9
172.7
177.8
179.5
183.7
231.2
236.8
240.7
245.2
79.2
88.6
95.8
102.0
164.5
179.6
185.6
192.8
121.1
130.5
135.8
139.1
28.1
26,9
26.4
27.4
-39.3
-23.3
-24.6
-17.3
164.0
185.6
190.5
204.5
203.3
208.8
215.1
221.8
435.8
453.9
464.4
477.5
186.3
192.5
196.1
202.9
308.2
314.2
331.4
338.0
104.8
110.0
119.1
125.7
203.4
204.3
212.2
212.3
138.6
140.9
143.5
141.2
24.3
27.3
11.6
4.3
-19.2
-23.4
-24.4
-29.0
210.7
219.7
232.9
251.5
229.8
243.1
257.3
280.5
483.3
499.3
513.4
532.3
484.6
450.1
464.6
494.8
350.0
338.9
348.7
363.5
130.3
129.8
133.6
141.9
219.7
209.1
215.1
221.6
134.5
111.2
115.9
131.3
8.4
-.3
-47.2
-16.7
-33.8
-4.7
3.3
-8.9
267.1
275.9
282.5
290.3
304.3
292.6
279.2
299.2
549.9
534.7
576.1
564.1
511.6
525.3
533.6
541.8
379.7
396.4
413.4
432.2
147.5
158.3
166.8
185.7
232.1
238.1
246.6
246.5
132.0
128.9
120.2
109.6
-17.0
-16.4
-10.2
-16.3
302.8
305.5
299.7
303.2
1,012.8
1,032.7
1,060.8
1,096.7
511.1
514.1
509.3
469.8
531.5
517.8
505.0
507.9
426.7
415.0
402.6
395.1
183.8
179.6
170.4
166.2
242.9
235.4
232.2
228.9
104.8
102.8
102.3
112.8
-58.1
-17.2
-5.0
-30.3
-29.7
1,125.1
1,159.4
1,188.5
1,220.2
481.3
526.0
561.7
619.4
514.6
534.0
563.4
596.0
383.7
385.8
400.9
427.4
156.7
147.8
151.0
155.5
227.0
238.0
249.9
272.0
130.9
148.2
162.6
168.5
-33.3
-8.0
-1.7
23.4
. -24.6
^5.5
-65.2
-71.3
6.9
20.0
38.3
9.4
42.5
22.4
-20.4
-3.8
4.3
Final
sales of
domestic
product
643.8
653.6
664.9
669.7
8.0
6.6
5.8
GDP
62.9
64.6
65.7
66.7
13.9
9.7
79.4
domestic
product
GNP
79.4
78.6
9.7
10.7
Federa
State
and
local
6.9
7.5
6.2
7.1
3.0
14.3
8.8
9.8
8.2
7.9
9.2
7.4
13.1
15.1
16.7
15.0
9.9
6.6
12.3
4.0
10.3
8.6
7.7
8.1
9.5
8.1
9.6
11.0
3.5
10.0
15.7
12.7
12.4
10.7
11.5
12.4
1,783.3
1,814.8
1,847.8
1,898.5
14.8
11.0
1,919.4
1,982.1
2,031.3
2,082.5
249.5
261.4
268.3
274.6
206.5
212.0
216.0
225.6
553.4
569.5
574.5
593.8
319.7
322.0
309.9
319.4
292.3
294.2
279.0
265.1
270.6
272.5
278.2
286.7
5.9
7.1
7.4
5.8
8.2
11.4
13.5
1,955.5
2,026.2
2,084.5
2,123.9
12.0
15.5
12.1
11.1
13.7
10.3
10.5
2,119.6
2,246.8
2,307.5
2,382.8
2,170.1
2,292.8
2,355.3
2,435.5
8.4
7.3
25.6
11.0
13.7
26.3
11.2
13.7
276.8
287.3
297.4
306.6
2,440.2
2,495.0
2,581.2
2,646.1
2,491.1
2,552.7
2,629.9
2,687.8
236.3
247.8
248.5
261.1
317.1
321.7
325.9
332.8
2,713.9
2,719.8
2,817.2
2,916.5
2,761.2
2,756.2
2,819.0
2,941.7
616.9
628.5
634.4
653.7
271.3
282.8
285.4
296.9
345.6
345.7
348.9
356.8
3,001.9
3,060.8
3,125.2
3,163.1
3,073.6
3,102.4
3,202.1
3,224.4
309.5
299.1
309.3
294.9
663.4
676.3
689.1
710.3
301.5
307.6
314.8
328.9
361.9
368.7
374.3
381.4
3,199.1
3,235.3
3,254.8
3,337.2
3,210.0
3,267.1
3,288.4
3,327.3
-.9
6.8
3.5
5.0
295.3
318.0
343.4
358.0
719.4
731.5
750.0
741.9
334.5
343.8
355.5
344.0
384.8
387.7
394.5
397.9
3,394.3
3,477.2
3,565.0
3,641.2
3,389.7
3,500.8
3,596.2
3,699.5
7.7
7.0
13.5
11.3
11.9
10.1
10.5
8.3
9.3
9.7
10.0
11.7
14.6
10.4
9.2
11.3
-.4
9.7
9.3
10.7
.9
19.8
15.1
14.9
18.8
12.2
4.0
8.1
8.7
4.9
13.3
2.3
4.6
4.6
2.4
10.5
8.8
150
• August 1998
SURVEY OF CURRENT BUSINESS
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Net exports »
Gross private domestic investment
Personal consumption expenditures
Governmen t 2
Fixed investment
Year and
quarter
GDP
Total
NonDurable durable
goods
goods
Services
Nonresidential
Total
Total
Total
Structures
PDE
Residential
CBI
Net
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Percent change
from preceding
period
GNP
GDP
1984:1
II
Ill
IV
3,791.1
3,879.7
3,942.2
3,996.7
2,422.5
2,475.6
2,510.5
2,560.6
315.0
324.4
324.9
336.0
865.4
882.7
888.6
897.5
1,242.0
1,268.5
1,297.1
1,327.0 ''
695.6
716.2
731.7
718.8
616.0
645.4
659.3
671.6
440.4
464.0
478.4
490.3
164.5
174.4
181.0
184.2
275.9
289.6
297.5
306.1
175.6
181.4
180.8
181.3
79.5
70.7
72.4
47.2
-94.3
-103.5
-103.1
-107.1
293.7
303.0
306.5
309.2
388.0
406.5
409.6
416.4
767.4
791.4
803.1
824.5
358.1
372.6
373.3
386.3
409.3
418.8
429.8
438.2
3,711.6 3,822.7
3,808.9 3,911.9
3,869.8 3,974.5
3,949.5 4,025.0
1985:1
II
III
IV
4,081.2
4,134.8
4,221.4
4,285.3
2,623.8
2,673.4
2,742.3
2,779.6
349.8
354.4
376.8
363.2
909.3
923.0
931.7
946.3
1,364.7
1,395.9
1,433.8
1,470.1
705.6
711.2
706.3
737.2
680.0
686.9
685.8
702.8
496.6
504.1
498.2
508.9
193.5
194.1
191.0
194.6
303.1
310.0
307.2
314.3
183.4
182.8
187.7
193.9
25.6
24.3
20.5
34.4
-91.4
-114.7
-117.2
-133.6
305.9
303.9
297.0
305.3
397.3
418.6
414.2
438.9
843.1
864.8
890.0
902.1
395.2
404.4
418.6
422.2
448.0
460.4
471.4
479.9
4,055.6
4,110.5
4,201.0
4,250.9
1986:1
II
Ill
IV
4,358.2
4,385.6
4,443.3
4,501.7
2,823.3
2,855.6
2,926.2
2,965.6
370.3
384.7
422.0
417.6
956.1
949.4
955.6
967.8
1,496.9
1,521.5
1,548.7
1,580.2
752.1
729.7
699.4
708.9
707.0
710.9
712.6
721.1
502.4
492.6
488.6
495.6
190.9
173.9
168.3
170.1
311.5
318.7
320.3
325.5
204.5
218.3
224.1
225.6
45.1
18.8
-13.2
-12.2
-126.9
-128.8
-138.0
-132.3
312.2
314.5
320.5
335.4
439.1
443.4
458.5
467.7
909.7
929.1
955.7
959.5
418.6
431.1
448.4
442.8
491.1
498.0
507.3
516.7
1987:1
II
Ill
IV
4,565.7
4,645.1
4,722.6
4,835.9
3,002.4
3,070.0
3,134.2
3,171.3
394.2
413.8
434.7
424.1
992.9
1,010.4
1,020.7
1,031.9
1,615.2
1,645.8
1,678.9
1,715.3
729.6
732.3
734.0
792.8
705.3
719.3
732.0
735.1
480.0
490.1
504.6
506.8
165.4
167.3
175.3
180.3
314.6
322.8
329.3
326.5
225.3
229.2
227.4
228.4
24.3
13.0
2.0
57.7
-139.4
-144.7
-142.4
-142.0
337.4
356.9
373.9
394.7
476.9
501.6
516.4
536.7
973.2
987.4
996.8
1,013.8
447.9
454.9
456.5
463.4
1988:1
II
Ill
IV
4,898.2
5,000.4
5,094.5
5,205.3
3,247.1
3,310.2
3,382.3
3,459.2
444.2
448.2
447.1
464.5
1,045.4
1,067.8
1,094.0
1,117.1
1,757.5
1,794.2
1,841.2
1,877.6
756.5
767.3
776.5
795.5
744.3
760.9
766.8
780.3
515.9
529.4
533.2
543.7
177.4
182.5
181.9
183.3
338.5
346.9
351.3
360.4
228.4
231.4
233.6
236.6
12.2
6.4
9.7
15.2
-120.9
-103.3
-95.8
-104.2
421.1
442.1
456.2
469.3
542.0
545.4
552.0
573.5
1,015.5
1,026.2
1,031.5
1,054.8
1989:1
II
Ill
IV
5,316.8
5,413.2
5,486.9
5,537.8
3,506.1
3,569.7
3,627.3
3,676.1
462.5
472.5
484.6
471.7
1,132.3
1,159.6
1,173.6
1,189.8
1,911.4
1,937.6
1,969.1
2,014.5
829.0
836.0
832.0
819.9
790.1
794.2
808.1
797.5
553.0
562.0
579.0
570.9
188.3
188.0
196.4
196.6
364.7
374.0
382.5
374.3
237.2
232.2
229.1
226.6
38.8
41.8
23.9
22.4
-83.7
-81.2
-79.3
-77.5
492.6
512.8
509.7
522.1
576.3
594.0
589.0
599.7
1990:1
II
Ill
IV
5,660.6
5,750.8
5,782.2
5,781.7
3,759.2
3,811.8
3,879.2
3,907.0
493.3
477.6
473.2
461.9
1,220.7
1,230.2
1,256.2
1,274.1
2,045.3
2,104.1
2,149.8
2,171.0
822.7
835.0
804.7
736.3
813.9
794.0
791.2
767.5
581.2
571.6
580.3
570.6
201.9
202.4
203.5
195.4
379.3
369.2
376.7
375.1
232.7
222.4
210.9
196.9
8.8
41.0
13.6
-31.2
-74.3
-60.3
-78.5
-72.0
^541.6
554.8
555.5
577.3
1991:1
II
Ill
IV
5,821.9 3,910.7
5,892.5 3,961.0
5,950.2 4,001.6
6,002.1 4,027.1
449.0
452.7
462.0
457.3
1,268.3
1,279.7
1,283.4
1,279.0
2,193.5
2,228.6
2,256.3
2,290.7
723.5
716.4
744.1
760.7
739.7
736.2
738.6
739.5
555.4
550.2
544.3
539.2
192.3
187.6
176.1
170.8
363.1
362.6
368.2
368.4
184.3
185.9
194.3
200.3
-16.3
-19.8
5.5
21.3
-32.9
-12.3
-22.0
-14.8
1992:1
II
Ill
IV
6,121.8
6,201.2
6,271.7
6,383.1
4,127.6
4,183.0
4,238.9
4,329.6
474.1
481.3
492.5
506.2
1,303.1
1,308.4
1,326.3
1,349.5
2,350.4
2,393.3
2,420.1
2,473.9
755.2
790.7
799.7
816.1
755.4
780.5
788.1
809.7
544.1
556.8
561.0
569.6
171.6
170.4
167.6
167.1
372.5
386.3
393.4
402.5
211.3
223.7
227.1
240.1
-.2
10.2
11.6
6.5
1993:1
II
Ill
IV
6,444.5 4,365.4
6,509.1 4,428.1
6,574.6 4,488.6
6,704.2 4,554.9
506.4
524.2
537.2
553.1
1,354.4
1,366.3
1,373.9
1,388.0
2,504.6
2,537.6
2,577.4
2,613.8
854.3
857.4
872.8
920.3
823.5
842.9
858.8
897.5
580.5
598.8
606.4
630.6
171.7
175.2
177.8
180.7
408.9
423.6
428.6
449.9
243.0
244.1
252.4
266.8
1994:1
II
Ill
IV
6,794.3
6,911.4
6,986.5
7,095.7
4,616.6
4,680.5
4,750.6
4,820.2
563.2
572.4
583.3
599.3
1,404.4
1,416.0
1,439.5
1,453.7
2,649.0
2,692.2
2,727.8
2,767.2
963.4
1,017.9
1,007.1
1,043.1
911.0
941.7
956.9
977.0
634.6
652.9
667.4
687.5
175.4
185.2
186.8
190.7
459.3
467.7
480.6
496.8
1995:1
II
Ill
IV
7,170.8
7,210.9
7,304.8
7,391.9
4,862.5
4,931.5
4,986.4
5,035.3
598.4
606.0
616.9
622.8
1,459.6
1,470.7
1,476.8
1,487.5
2,804.5
2,854.7
2,892.7
2,925.0
1,058.9
1,029.6
1,030.6
1,053.6
1,000.0
1,004.3
1,013.5
1,032.1
713.6
728.1
729.5
739.5
197.9
201.8
203.0
202.2
1996:1
II
Ill
IV
7,495.3 5,108.2
7,629.2 5,199.0
7,703.4 5,242.5
7,818.4 5,313.2
632.3
647.3
642.5
651.1
1,506.8
1,537.9
1,543.6
1,568.3
2,969.0
3,013.7
3,056.3
3,093.9
1,075.3
1,118.3
1,167.9
1,166.0
1,059.1
1,089.7
1,118.1
1,132.2
759.0
774.8
801.1
816.8
1997:1
II
Ill
IV
7,955.0 5,402.4
8,063.4 5,438.8
8,170.8 5,540.3
8,254.5 5,593.2
668.9
659.9
681.2
682.2
1,589.7
1,588.2
1,611.3
1,613.2
3,143.9
3,190.7
3,247.9
3,297.8
1,206.4
1,259.9
1,265.7
1,292.0
1,146.7
1,176.4
1,211.1
1,220.1
827.1
850.5
882.3
882.8
1. Net exports of goods and services.
2. Government consumption expenditures and gross investment.
GDP Gross domestic product
Final
sales of
domestic
product
14.5
9.7
6.6
5.6
8.0
10.9
6.5
8.5
4,101.3
4,158.1
4,238.4
4,306.4
8.7
5.4
8.7
6.2
11.2
5.5
9.1
4.8
4,313.2
4,366.8
4,456.5
4,513.9
4,376.6
4,398.2
4,456.7
4,508.7
7.0
2.5
5.4
5.4
6.0
5.1
8.5
5.2
525.3
532.6
540.4
550.4
4,541.5
4,632.1
4,720.6
4,778.2
4,573.2
4,655.6
4,731.4
4,844.9
5.8
7.1
6.8
9.9
2.5
8.2
7.9
5:0
456.3
454.6
453.5
465.0
559.1
571.6
578.1
589.9
4,886.0
4,993.9
5,084.8
5,190.1
4,914.2
5,013.5
5,105.3
5,217.5
5.3
8.6
7.7
9.0
9.3
9.1
7.5
8.5
1,065.3
1,088.7
1,107.0
1,119.4
465.5
476.5
484.9
482.0
599.9
612.1
622.1
637.4
5,277.9
5,371.4
5,463.0
5,515.4
5,329.0
5,424.0
5,501.4
5,556.8
8.8
7.5
5.6
3.8
6.9
7.3
7.0
3.9
615.9
615.1
634.1
649.2
1,153.0
1,164.3
1,176.9
1,210.4
496.4
500.1
501.2
516.7
656.6
664.2
675.7
693.7
5,651.8 5,681.6
5,709.8 5,767.6
5,768.7 5,796.6
5,812.9 5,813.8
9.2
6.5
2.2
0
10.3
4.2
4.2
3.1
577.4
602.7
602.6
624.4
610.3
615.0
624.5
639.3
1,220.6
1,227.4
1,226.5
1,229.2
525.6
528.2
520.9
515.5
695.0
699.2
705.5
713.6
5,838.2
5,912.2
5,944.7
5,980.9
5,848.8
5,904.7
5,959.6
6,016.5
2.8
4.9
4.0
3.5
1.7
5.2
2.2
2.5
-8.9
-29.0
-37.6
-42.7
632.4
635.9
640.2
649.1
641.3
664.9
677.8
691.8
1,247.9
1,256.4
1,270.7
1,280.0
521.8
523.2
532.0
535.0
726.1
733.2
738.7
745.1
6,122.1
6,191.0
6,260.1
6,376.6
6,138.3
6,212.2
6,281.1
6,390.5
8.2
5.3
4.6
7.3
9.8
4.6
4.5
7.7
30.7
14.5
14.0
22.9
-46.6
-57.5
-72.1
-66.6
647.1
661.2
646.8
679.4
693.7
718.7
718.9
746.0
1,271.5
1,281.2
1,285.3
1,295.5
521.3
517.8
515.7
518.5
750.1
763.4
769.6
777.0
6,413.8
6,494.7
6,560.6
6,681.3
6,468.1
6,525.3
6,596.9
6,717.1
3.9
4.1
4.1
8.1
2.4
5.1
4.1
7.6
276.4
288.7
289.5
289.5
52.4
76.3
50.2
66.2
-76.6
-87.9
-103.4
-95.6
678.5
710.1
732.6
763.7
755.1
797.9
836.0
859.2
1,291.0
1,300.8
1,332.3
1,328.0
506.9
505.3
520.4
508.3
784.1
795.5
811.9
819.6
6,741.9
6,835.1
6,936.3
7,029.6
6,811.2
6,920.3
6,992.3
7,096.8
5.5
7.1
4.4
6.4
3.7
5.6
6.1
5.5
515.6
526.3
526.5
537.2
286.4
276.2
284.0
292.6
59.0
25.3
17.1
21.5
-94.7
-108.0
-74.5
-58.4
787.8
803.4
835.1
851.5
882.5
911.4
909.6
909.9
1,344.1
1,357.8
1,362.3
1,361.4
512.3
511.7
511.2
501.2
831.8
846.2
851.1
860.2
7,111.8 7,189.3
7,185.6 7,233.3
7,287.7 7,313.2
7,370.4 7,412.6
4.3
2.3
5.3
4.9
4.8
4.2
5.8
4.6
206.5
211.3
218.0
232.1
552.6
563.5
583.1
584.8
300.1
315.0
317.0
315.3
16.3
28.5
49.8
33.8
-75.7
-94.0
-115.5
-79.6
856.6
863.0
861.4
914.2
932.3
957.0
976.9
993.8
1,387.5
1,406.0
1,408.6
1,418.8
517.1
523.1
519.0
514.6
870.4
882.9
889.6
904.2
7,479.1
7,600.6
7,653.6
7,784.6
7,515.0
7,643.3
7,708.6
7,829.0
5.7
7.3
3.9
6.1
6.0
6.7
2.8
7.0
236.2
234.3
243.8
246.4
591.0
616.2
638.5
636.4
319.5
325.9
328.8
337.4
59.7
83.5
54.6
71.9
-93.3
-86.8
-94.7
-98.8
930.2
961.1
981.7
988.6
1,023.5
1,047.9
1,076.4
1,087.4
1,439.4
1,451.5
1,459.5
1,468.1
517.0
522.9
521.0
520.1
922.4
928.6
938.5
947.9
7,895.2 7,952.4
7,979.9 8,062.3
8,116.2 8,162.0
8,182.6 8,234.9
7.2
5.6
5.4
4.2
5.8
4.4
7.0
3.3
CBI Change in business inventories
GNP Gross national product
PDE Producers' durable equipment
August 1998
SURVEY OF CURRENT BUSINESS
• 151
Table 2A.—Real Gross Domestic Product
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter
GDP
Personal
consumption
expenditures
Gross private
investment
Exports and imports of
ooods an'*' * ° n / i ' s o e
Exports
Percent change from preceding period
Government 1
Residual
Final sales
of domestic
Gross
domestic
UUIMCdUw
product
Imports
Ul UUillCollO
purchases
Final sales to
1 II IUI WUlWW >VJ
domestic
purchasers
GNP
GDP
Final sales
of domestic
product
Gross
domestic
purchases
Fins I odlw?£> \C\
^AIP^ LU
domestic
purchasers
\W\Q\
GNP
1929
790.9
593.9
92.4
35.6
46.3
105.4
9.9
797.8
807.4
814.6
796.8
1930
1931
1932
1933
1934
719.7
674.0
584.3
577.3
641.1
562.1
544.9
496.1
484.8
519.0
59.8
37.6
16.4
31.5
29.4
24.4
19.1
19.2
21.4
40.3
35.2
29.2
30.4
31.1
116.2
121.2
117.1
112.8
127.3
-7.5
-18.9
-28.7
-25.5
-27.0
743.2
700.0
620.2
600.7
657.5
736.8
691.5
600.8
594.3
658.0
761.2
718.5
637.9
618.6
675.1
725.4
678.5
588.0
580.3
643.7
-9.0
-6.4
-13.3
-1.2
11.0
-6.8
-5.8
-11.4
-3.1
9.5
-8.7
-6.1
-13.1
-1.1
10.7
1935
1936
1937
1938
1939
698.4
790.0
831.5
801.2
866.5
550.9
606.9
629.7
619.5
654.0
58.0
75.5
94.0
61.3
79.5
22.6
23.7
29.9
29.6
31.2
40.7
40.2
45.3
35.2
36.9
131.3
152.5
147.0
157.8
171.6
-23.7
-28.4
-23.8
-31.8
-32.9
699.0
790.8
825.0
812.7
872.8
722.7
815.5
854.5
815.7
882.1
723.6
816.4
848.0
827.5
888.7
701.4
792.4
835.0
804.9
870.3
8.9
6.3
9.8
7.2
9.0
13.1
13.1
12.8
12.8
13.0
5.2
4.3
4.8
3.9
5.4
-3.6
-1.5
-4.5
-2.4
-3.6
8.1
7.4
8.1
7.4
8.1
954.3
1,125.9
1,353.2
1,590.2
1,715.9
943.0
1,101.3
1,353.0
1,612.9
1,740.1
944.2
1,105.9
1,312.7
1,526.3
1,648.2
8.6
6.6
8.2
6.1
8.5
17.1
18.8
16.3
15.9
21.4
18.0
18.0
20.2
17.5
16.8
22.9
19.2
17.1
18.7
16.3
9.9
-6.6
-5.6
-11.2
-3.0
9.1
-9.0
-6.5
-13.3
-1.3
10.9
1940
1941
1942
1943
1944
941.2
1,101.8
1,308.9
1,523.0
1,644.7
688.0
737.1
719.7
739.5
761.0
111.3
137.3
72.1
41.9
52.2
35.4
36.4
23.9
19.9
21.4
37.8
46.5
42.2
53.3
55.7
174.2
288.0
692.0
1,032.2
1,158.5
-29.9
-50.5
-156.6
-257.2
-292.7
930.1
1,077.7
1,308.3
1,544.2
1,667.5
8.0
8.0
7.9
7.9
8.0
1945
1946
1947
1948
1949
1,626.7
1,447.7
1,430.7
1,491.0
1,479.8
808.4
907.9
926.2
946.4
972.2
68.8
176.8
169.9
216.0
163.2
30.3
66.0
75.4
59.4
58.8
59.3
49.1
46.6
54.4
52.5
1,012.0
349.0
290.3
310.3
345.8
-233.5
-2.9
15.5
13.3
-7.7
1,654.6
1,424.7
1,450.2
1,475.7
1,509.0
1,685.6
1,437.4
1,403.7
1,497.5
1,484.8
1,715.0
1,413.5
1,423.4
1,481.7
1,514.6
1,629.3
1,452.0
1,437.0
1,498.8
1,486.8
-1.1
-11.0
-1.2
-.8
-1.4
-17.6
-1.1
-10.9
-1.0
4.2
-.8
1.8
1.8
2.3
-1.8
-14.7
-2.3
1950
1951
1952
1953
1954
1,611.3
1,734.0
1,798.7
1,881.4
1,868.2
1,034.1
1,049.2
1,082.4
1,135.0
1,158.9
234.1
235.2
210.6
220.4
209.9
51.4
63.1
60.1
56.1
58.9
62.0
64.5
70.2
76.8
73.0
344.6
468.6
566.2
605.2
562.6
9.1
-17.6
-50.4
-58.5
-49.1
1,595.4
1,705.5
1,797.5
1,886.9
1,890.9
1,638.9
1,750.5
1,827.0
1,923.9
1,902.8
1,622.9
1,721.6
1,825.9
1,929.8
1,926.2
1,619.1
1,743.7
1,809.0
1,891.0
1,878.6
8.9
7.6
3.7
4.6
-.7
5.7
6.9
5.4
5.0
.2
1955
1956
1957
1958
1959
2,001.1
2,040.2
2,078.5
2,057.5
2,210.2
1,242.6
1,278.2
1,308.2
1,318.8
1,394.6
261.9
257.9
246.1
224.5
271.7
65.1
75.9
82.5
71.2
71.9
81.8
88.4
92.1
96.5
106.6
541.3
542.8
566.8
585.3
618.5
-28.0
-26.2
-33.0
-4S.Z
-39.9
1,994.8
2,038.2
2,089.4
2,072.6
2,206.9
2,039.2
2,071.5
2,105.6
2,103.2
2,268.0
2,033.1
2,069.7
2,116.9
2,118.9
2,265.1
2,012.9
2,053.2
2,092.4
2,069.2
2,222.0
7.1
2.0
1.9
7.4
5.5
2.2
2.5
-.8
6.5
1960
1961
1962
1963
1964
2,262.9
2,314.3
2,454.8
2,559.4
2,708.4
1,432.6
1,461.5
1,533.8
1,596.6
1,692.3
270.5
267.6
302.1
321.6
348.3
86.8
88.3
93.0
100.0
113.3
108.1
107.3
119.5
122.7
129.2
617.2
647.2
686.0
701.9
715.9
-36.1
-43.0
^0.6
-38.0
-32.2
2,264.2
2,318.0
2,445.4
2,552.4
2,705.1
2,304.1
2,354.3
2,503.0
2,604.2
2,745.9
2,305.7
2,358.2
2,493.8
2,597.3
2,742.7
2,276.0
2,329.1
2,471.5
2,577.3
2,727.8
2.4
2.3
6.1
4.3
5.8
1965
1966
1967
1968
1969
2,881.1
3,069.2
3,147.2
3,293.9
3,393.6
1,799.1
1,902.0
1,958.6
2,070.2
2,147.5
397.2
430.6
411.8
433.3
458.3
115.6
123.4
126.1
135.3
142.7
143.0
164.2
176.2
202.5
214.0
737.6
804.6
865.6
892.4
887.5
-25.4
-111
-38.7
-34.8
-28.4
2,860.4
3,033.5
3,125.1
3,278.0
3,377.2
2,932.1
3,134.0
3,221.1
3,382.7
3,485.6
2,911.2
3,097.9
3,199.0
3,367.1
3,469.5
2,901.4
3,087.8
3,166.4
3,314.5
3,413.3
1970
1971
1972
1973
1974
3,397.6
3,510.0
3,702.3
3,916.3
3,891.2
2,197.8
2,279.5
2,415.9
2,532.6
2,514.7
426.1
474.9
531.8
595.5
546.5
158.1
159.2
172.0
209.6
229.8
223.1
235.0
261.0
272.6
265.3
866.8
851.0
854.1
848.4
862.9
-28.1
-19.6
-10.5
3,406.5
3,499.8
3,689.5
3,883.9
3,873.4
3,478.5
3,602.4
3,806.2
3,989.3
3,928.6
3,488.3
3,592.6
3,793.8
3,956.8
3,910.8
1975
1976
1977
1978
1979
3,873.9
4,082.9
4,273.6
4,503.0
4,630.6
2,570.0
2,714.3
2,829.8
2,951.6
3,020.2
446.6
537.4
622.1
693.4
709.7
228.2
241.6
247.4
273.1
299.0
235.4
281.5
311.6
338.6
344.3
876.3
876.8
884.7
910.6
924.9
-11.8
-5.7
3,906.4
4,061.7
4,240.8
4,464.4
4,614.4
3,875.9
4,124.6
4,345.7
4,574.9
4,674.6
4,615.0
4,720.7
4,620.3
4,803.7
5,140.1
3,009.7
3,046.4
3,081.5
3,240.6
3,407.6
628.3
686.0
587.2
642.1
833.4
331.4
335.3
311.4
303.3
328.4
321.3
329.7
325.5
366.6
455.7
941.4
947.7
960.1
987.3
1,018.4
25.5
35.0
4,641.9
4,691.6
4,651.2
4,821.2
5,061.6
5,323.5
5,487.7
5,649.5
5,865.2
6,062.0
3,566.5
3,708.7
3,822.3
3,972.7
4,064.6
823.8
811.8
821.5
828.2
863.5
337.3
362.2
402.0
465.8
520.2
485.2
526.1
558.2
580.2
603.0
1,080.1
1,135.0
1,165.9
1,180.9
1,213.9
5,296.9
5,480.9
5,626.0
5,855.1
6,028.7
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
. .
2.8
2.6
1.2
12.9
21.1
5.6
^3.0
8.0
1.0
-3.9
-4.0
-2.2
2.8
-13.9
6.7
-.8
.7
4.1
2.2
4.3
-.8
-1.1
7.1
6.1
6.1
5.7
-.2
8.9
7.7
3.7
4.5
-.7
7.2
1.6
1.6
-.1
7.8
5.6
1.8
2.3
.1
6.9
7.1
2.0
1.9
2.6
2.4
5.5
4.4
6.0
1.6
2.2
6.3
4.0
5.4
1.8
2.3
5.7
4.2
5.6
2.4
2.3
6.1
4.3
5.8
6.4
6.5
2.5
4.7
3.0
5.7
6.1
3.0
4.9
3.0
6.8
6.9
2.8
5.0
3.0
6.1
6.4
3.3
5.3
3.0
6.4
6.4
2.5
4.7
3.0
3,417.1
3,532.1
3,726.3
3,950.1
3,930.2
.1
3.3
5.5
5.8
-.6
.9
2.7
5.4
5.3
-.3
-.2
3.6
5.7
4.8
.5
3.0
5.6
4.3
-1.5
-1.2
.1
3.4
5.5
6.0
-.5
3,908.5
4,103.3
4,312.8
4,536.2
4,658.2
3,903.3
4,118.8
4,314.5
4,543.7
4,687.4
-.4
5.4
4.7
5A
2.8
.9
4.0
4.4
5.3
3.4
-1.3
6.4
5.4
5.3
2.2
-.1
5.0
5.1
5.2
2.7
-.7
5.5
4.8
5.3
3.2
4,581.5
4,693.1
4,619.3
4,864.3
5,276.2
4,607.8
4,664.0
4,649.7
4,881.6
5,197.7
4,670.8
4,769.9
4,662.0
4,844.8
5,178.0
-.3
2.3
-1.1
2.4
4.0
7.0
.6
1.1
-.9
3.7
5.0
-2.0
-2.1
1.2
-.3
5.0
5,482.8
5,663.9
5,816.7
5,986.1
6,147.8
5,456.3
5,657.2
5,793.4
5,976.1
6,114.5
5,346.7
5,501.2
5,658.2
5,878.5
6,075.7
3.6
3.1
2.9
3.8
3.4
4.6
3.5
2.6
4.1
3.0
3.9
3.3
2.7
2.9
2.7
-1.0
10.4
6.8
4.4
5.3
-1.6
5.3
8.5
-1.1
7.4
-.4
2.1
-2.3
3.9
6.5
6.9
5.0
3.7
2.4
3.2
2.3
3.3
2.9
2.9
3.9
3.4
See footnotes at the end of the table.
NOTE: Users of this table are cautioned that comparisons across
the chained (1992) dollar components of GDP may be misleading,
particularly for periods before 1982. For example, during the years
of World War II, the residual column in this table, which is the
difference between GDP and the sum of the most detailed component
series in this table, is very large. During these years, because of
spending associated with World War II, the share of GDP accounted
for by government consumption expenditures and gross investment
doubled before returning to a more normal share; in addition, the
prices paid for goods and services throughout the economy were
tightly controlled and very different from postwar levels.
The large residuals illustrate the problems with calculating
contributions to GDP or other aggregates from the chained (1992)
dollar values. Accurate estimates of the contributions to changes
in real GDP are provided in NIPA table 8.2, which is published
monthly in the SURVEY OF CURRENT BUSINESS in the "BEA
Current and Historical Data" section; for historical data, see
National Income and Product Accounts of the United States, 1929-94:
Volume 2. (For ordering information, see the inside back cover of
this issue.)
For a more detailed discussion of the use of chained dollars,
including a method for closely approximating contributions to
changes in real GDP for longer periods, see "BEA'S Chain Indexes,
Time Series, and Measures of Long-Term Economic Growth" in the
May 1997 SURVEY.
SURVEY OF CURRENT BUSINESS
152 • August 1998
Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter
GDP
Personal
consumption
expenditures
Gross private
domestic
investment
Exports and imports of
goods and services
Exports
Percent change from preceding period
Government1
Residual
Imports
Final sales
of domestic
product
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
GDP
Final sales
of domestic
product
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
1990
1991
1992
1993
1994
6,136.3
6,079.4
6,244.4
6,389.6
6,610.7
4,132.2
4,105.8
4,219.8
4,343.6
4,486.0
815.0
738.1
790.4
863.6
975.7
564.4
599.9
639.4
658.2
712.4
626.3
622.2
669.0
728.4
817.0
1,250.4
1,258.0
1,263.8
1,252.1
1,252.3
0.6
-.2
0
.5
1.3
6,126.7
6,082.6
6,237.4
6,368.9
6,551.2
6,199.8
6,101.6
6,274.0
6,459.0
6,712.7
6,190.2
6,104.9
6,267.0
6,438.3
6,653.2
6,157.0
6,094.9
6,255.5
6,408.0
6,619.1
1.2
-.9
2.7
2.3
3.5
1.6
-.7
2.5
2.1
2.9
0.8
-1.6
2.8
2.9
3.9
1:2
-1.4
2.7
2.7
3.3
1.3
-1.0
2.6
2.4
3.3
1995
1996
1997
6,761.7
6,994.8
7,269.8
4,605.6
4,752.4
4,913.5
996.1
1,084.1
1,206.4
792,6
860.0
970.0
889.0
971.2
1,106.1
1,254.5
1,268.2
1,285.0
1.9
1.3
1.0
6,731.7
6,961.6
7,203.7
6,855.0
7,101.1
7,396.5
6,824.9
7,068.0
7,330.2
6,779.5
7,008.4
7,266.2
2.3
3.4
3.9
2.8
3.4
3.5
2.1
3.6
4.2
2.6
3.6
3.7
2.4
3.4
3.7
1947:1
II
Ill
IV ....
1,402.5
1,424.6
1,437.5
1,458.1
912.1
928.5
931.9
932.1
158.9
159.8
164.3
196.7
79.5
79.3
75.6
67.0
48.7
49.1
43.2
45.5
288.0
291.0
293.5
288.8
12.7
15.1
15.4
19.0
1,432.0
1,447.0
1,460.7
1,461.1
1,372.2
1,394.0
1,406.1
1,442.6
1,401.7
1,416.6
1,429.8
1,445.5
1,408.6
1,430.9
1,443.7
1,464.8
6.5
3.7
5.9
4.2
3.9
.1
6.5
3.5
10.8
4.3
3.8
4.5
6.5
3.6
6.0
1948:1
II
Ill
IV ....
1,474.3
1,493.9
1,497.0
1,498.9
936.2
946.2
947.8
955.4
212.8
221.8
220.5
209.0
63.8
57.7
59.0
56.9
51.5
53.7
56.7
55.8
294.4
307.7
313.0
326.1
18.6
14.2
13.4
7.3
1,465.6
1,473.8
1,475.3
1,488.0
1,470.4
1,502.1
1,506.6
1,510.8
1,461.5
1,481.4
1,484.3
1,499.7
1,481.6
1,501.8
1,504.9
1,506.8
4.5
5.4
.8
.5
1.3
2.2
.4
3.5
7.9
8.9
1.2
1.1
4.5
5.6
.8
4.2
4.7
5.5
.8
.5
1949:1
II
Ill
IV ....
1,480.1
1,474.1
1,490.7
1,474.5
957.0
971.5
973.3
986.8
177.8
152.4
166.3
156.3
63.8
63.3
58.0
50.2
53.9
53.2
51.0
51.9
334.7
349.8
353.2
345.4
.7
-9.7
-9.1
-12.3
1,494.1
1,513.3
1,512.1
1,516.5
1,479.8
1,473.8
1,495.5
1,490.3
1,494.0
1,513.7
1,517.4
1,533.4
1,487.6
1,481.3
1,497.6
1,480.7
-4.9
-1.6
4.6
-4.3
1.6
5.2
-.3
1.2
-8.0
-1.6
6.0
-1.4
-1.5
5.4
1.0
43
-5.0
-1.7
4.5
-4A
1950:1
II :
III
IV ....
1,538.2
1,584.5
•1,644.1
1,678.6
1,003.6
1,019.9
1,072.2
1,040.7
198.8
221.0
240.4
276.0
49.3
49,9
51.2
55.3
53,1
56.1
69.5
69.5
339.2
344.4
337.0
358.0
.4
5.4
12.8
18.1
1,541.2
1,582.2
1,637.5
1,620.8
1,557.6
1,607.0
1,680.7
1,710.3
1,560.9
1,604.9
1,674.3
1,651.5
1,544.8
1,591.5
1,652.7
1,687.2
18.4
12.6
15.9
8.7
6.7
11.1
14.7
-4.0
19.3
13.3
19.7
7.2
7.4
11.8
18.4
-5.3
18.5
12.7
16.3
8.6
1951:1
II
Ill
IV ...,
1,693.1
1,724.0
1,758.2
1,760.6
1,063.7
1,034.4
1,046.0 . i1,052.4
244.3
251.6
232.7
212.4
58.2
63.9
65.3
64.8
69.5
67!2
61.4
59.9
394.4
449.8
501.0
529.1
2.0
-8.5
-25.4
-38.2
1,665.1
1,674.0
1,728.4
1,754.5
1,721.1
1,742.2
1,768.6
1,770.0
1,692.7
1,691.5
1,738.4
1,763.8
1,701.2
1,733.7
1,768.4
1,771.6
3.5
7.5
8.2
.6
11.4
2.1
13.6
6.2
2.5
5.0
6.2
.3
10.4
-.3
11.6
6.0
3.4
7.9
8.3
.7
1952:1
II
Ill
IV ....
1,779.2
1,778.8
1,790.9
1,846.0
1,055.5
1,075.8
1,081.0
1,117.3
216.6
196.8
207.3
221.7
68.0
60.5
55.8
562
66.9
66.5
70.5
76.7
547.0
566.1
571.7
579.8
-41.0
-53.9
-54.4
-52.3
1,770.3
1,799.3
1,782.6
1,837.9
1,792.5
1,802.2
1,825.4
1,887.9
1,783.5
1,823.2
1,817.2
1,879.9
1,789.5
1,789.3
1,801.2
1,856:1
4.3
-,1
2.8
12.9
3.7
6.7
-3.7
13.0
5.2
2.2
5.2
14.4
4.6
9.2
-1.3
14.5
4.1
-.1
2.7
12.8
1953:1
II
Ill
IV ....
1,882.6
1,897.3
1,887.4
1,858.2
1,131.1
1,139.1
1,137.7
1,132.1
227.4
227.3
222.1
204.8
55.2
55.6
57.8
55.9
75.1
78.8
78.5
74.6
599.5
613.3
606.2
601.8
-55.5
-59.2
-57.9
-61.8
1,878.5
1,895.0
1,891.7
1,882.3
1,924.5
1,943.2
1,929.7
1,898.4
1,920.6
1,941.1
1,934.3
1,923.3
1,892.4
1,907.7
1,896.5
1,867.3
8.2
3.2
-2.1
-6.1
9.1
3.6
-.7
-2.0
8.0
3.9
-2.7
-6.3
9.0
4.3
-1.4
-2.3
8.1
3.3
-2.3
-S.0
1954:1
II
Ill .....
IV ....
1,849.9
1,848.5
1,868.9
1,905.6
1,135.9
1,148.2
1,164.0
1,187.5
203.5
201.7
212.0
222.5
53.4
61.1
59.1
61.8
70.2
76.5
72.2
72.9
585.8
565.2
551.8
547.6
-58.5
-51.2
-45.8
-40.9
1,871.5
1,876.0
1,893.1
1,922.9
1,888.6
1,883.4
1,902.4
1,937.0
1,910.9
1,911.7
1,927.3
1,954.8
1,859.9
1,858.4
1,879.0
1,917.1
-1.8
-.3
4.5
8.1
-2.3
.9
3.7
6.4
-2.0
-1.1
4.1
7.5
-2.6
.2
3.3
5.8
-1.6
-.3
4.5
8.4
1955:1
II
Ill
IV ....
1,959.6
1,994.4
2,020.1
2,030.5
1,212.6
1,236.7
1,252.3
1,268.6
246.5
263.0
266.4
271.7
64.1
62.6
66.7
67.0
76.9
81.4
82.9
85.9
546.9
542.1
544.5
531.8
-33.6
-28.6
-26.9
-22.7
1,959.2
1,986.6
2,014.9
2,018.6
1,993.1
2,035.3
2,057.6
2,070.9
1,993.0
2,027.7
2,052.6
2,059.0
1,971.3
2,005.9
2,031.8
2,042.4
11.8
7.3
5.3
2.1
7.8
5.7
5.8
.7
12.1
8.8
4.4
2.6
8.0
7.2
5.0
1.3
11.8
7.2
5.3
2.1
1956:1
II
Ill
IV ....
2,023.6
2,037.7
2,033.4
2,066.2
1,270.6
1,273.9
1,275.9
1,292.3
263.1
259.8
255.5
253.2
70.2
74.9
77.5
81.0
89.2
88.9
89.6
85.9
533.2
544.0
540.0
554.1
-24.3
-26.0
-25.9
-28.5
2,014.6
2,034.8
2,035.0
2,068.4
2,062.9
2,070.7
2,063.8
2,088.8
2,054.1
2,068.0
2,065.6
2,091.2
2,037.0
2,050.9
2,047.1
2,078.0
-1.4
2.8
-.8
6.6
-.8
4.1
0
6.7
-1.5
1.5
-1.3
4.9
-1.0
2.7
-.5
5.1
-1.1
2.8
-.8
6.2
1957:1
II
Ill
IV ....
2,077.5
2,071.9
2,094.0
2,070.8
1,301.0
1,303.1
1,313.7
1,315.0
248.6
248.0
255.1
232,6
86.3
83.7
81.3
78.8
92.4
93.2
91.3
91.5
564.7
561.1
565.9
575.6
-30.7
-30.8
-30.7
-59.7
2,086.4
2,079.1
2,096.0
2,096.2
2,100.0
2,098.5
2,122.2
2,102.0
2,109.2
2,106.0
2,124.5
2,128.1
2,091.7
2,087.2
2,108.6
2,082.2
2.2
-1.1
4.3
-4.4
3.5
-1.4
3.3
0
2.2
-.3
4.6
-3.8
3.5
-.6
3.6
.7
2.7
-.8
4.2
^t.9
1958:1
II
Ill
IV ....
2,012.6
2,024.7
2,072.3
2,120.6
1,296.7
1,307.1
1,327.7
1,343.9
214.1
208.4
226.8
248.9
70.8
71.0
71.5
71.6
92.5
96.5
95.6
101.3
568.9
584.5
587.9
599.9
^5.4
^9.8
-46.0
-42.4
2,040.7
2,051.6
2,079.9
2,118.2
2,054.0
2,069.9
2,117.2
2,171.8
2,083.0
2,097.6
2,125.2
2,169.8
2,024.5
2,036.7
2,083.8
2,131.9
-10.8
2.4
9.7
9.7
-10.2
2.1
5.6
7.6
-8.8
3.1
9.5
10.7
-6.2
2.8
5.4
8.7
-10.6
2.4
9.6
9.6
1959:1
II
Ill
IV ....
2,165.0
2,223.3
2,221.4
2,231.0
1,369.9
1,391.7
1,407.2
1,409.5
260.4
285.4
265.3
275.6
68.6
70.1
75.8
72.9
102.4
108.0
109.4
106.7
610.2
621.1
624.2
618.5
-41.7
-37.0
-41.7
-38.8
2,165.5
2,204.2
2,232.6
2,225.3
2,222.0
2,285.0
2,277.0
2,288.0
2,222.9
2,266.0
2,288.9
2,282.6
2,176.2
2,234.5
2,233.5
2,243.9
8.6
11.2
-.3
1.7
9.2
7.3
5.3
-1.3
9.6
11.8
-1.4
1.9
10.2
8.0
4.1
-1.1
8.6
11.1
-.2
1.9
1960:1
II
Ill
IV .... .
2,279.2
2,265.5
2,268.3
2,238.6
1,422.5
1,439.6
1,433.5
1,434.8
304.3
271.7
269.4
236.6
83.2
86.7
88.7
88.7
110.5
111.2
107.8
102.7
605.5
613.6
621.6
627.9
-25.8
-34.9
-37.1
-46.7
2,248.5
2,268.4
2,265.1
2,274.7
2,327.7
2,309.8
2,307.1
2,271.9
2,296.5
2,313.1
2,304.1
2,309.1
2,291.6
2,278.2
2,281.6
2,252.7
8.9
-2.4
.5
-5.1
4.2
3.6
-.6
1.7
7.1
-3.0
-.5
-6.0
2.5
2.9
-1.6
.9
8.8
-2.3
.6
-5.0
1961:1
II
Ill
IV ....
2,251.7
2,292.0
2,332.6
2,381.0
1,434.2
1,455.7
1,463.5
1,492.8
241.7
258.6
282.2
288.0
89.3
85.0
88.6
90.1
102.3
103.6
110.4
113.1
635.6
641.2
648.0
663.9
-46.8
-44.9
-39.3
-40.7
2,277.7
2,301.1
2,320.4
2,372.8
2,284.2
2,332.1
2,375.3
2,425.3
2,311.0
2,341.6
2,363.1
2,417.2
2,266.8
2,306.3
2,347.1
2,395.9
2.4
7.4
7.3
8.6
.5
4.2
3.4
9.3
2.2
8.7
7.6
8.7
.3
5.4
3.7
9.5
2.5
7.1
7.3
8.6
1962:1
II
Ill
IV ....
2,422.6
2,448.0
2,471.9
2,476.7
1,508.4
1,526.7
1,539.6
1,560.6
305.2
301.9
306.5
295.0
89.5
95.4
95.2
91.9
116.5
119.0
120.5
122.0
674.8
682.4
691.4
695.4
-38.8
-39.4
-40.3
-44.2
2,400.3
2,440.7
2,462.0
2,478.7
2,471.8
2,492.5
2,518.7
2,529.1
2,449.3
2,485.4
2,508.9
2,531.5
2,437.4
2,464.4
2,488.4
2,495.9
7.2
4.3
4.0
.8
4.7
6.9
3.5
2.7
7.9
3.4
4.3
1.7
5.4
6.0
3.8
3.7
7.1
4.5
3.9
1.2
.
1963:1
II
Ill
IV ....
2,508.7
2,538.1
2,586.3
2,604.6
1,571.2
1,586.3
1,607.6
1,621:1
313.1
316.2
327.4
329.7
92.1
100.6
101.3
106.0
119.1
122.0
125.0
124.7
691.1
694.5
713.3
708.6
-09.7
-37.5
-38.3
-36.1
2,492.4
2,533.8
2,578.0
2,605.3
2,559.0
2,581.0
2,632.0
2,644.8
2,542.6
2,576.9
2,623.9
2,645.7
2,526.9
2,555.5
2,604.0
2,622.9
5.3
4.8
7.8
2.9
2.2
6.8
7.2
4.3
4.8
3.5
8.1
2.0
1.8
5.5
7.5
3.4
5.1
4.6
7.8
2.9
1964:1
II
Ill
IV ....
2,666.7
2,697.5
2,729.6
2,739.7
1,653.6
1,683.1
1,713.9
1,718.6
346.1
344.2
349.1
353.9
111.7
110.8
114.2
116.6
124.5
127.4
130.8
134.2
712.5
721.4
714.9
714.7
-32.7
-34.6
-31.7
-29.9
2,663.1
2,695.0
2,727.6
2,734.5
2,701.0
2,736.2
2,767.9
2,778.4
2,697.5
2,733.8
2,766.1
2,773.3
2,686.8
2,716.8
2,749.5
2,758.1
9.9
4.7
4.8
1.5
9.2
4.9
4.9
1.0
8.8
5.3
4.7
1.5
8.1
5.5
4.8
1.0
10.1
4.5
4.9
1.3
1965:1
II
Ill
IV ....
2,808.9
2,846.3
2,898.8
2,970.5
1,756.2
1,776.1
1,806.1
1,858.0
392.0
391.6
400.9
404.2
102.5
118.7
116.6
124.7
129.4
144.7
145.3
152.5
713.8
728.4
746.3
761.7
-26.2
-23.8
-25.8
-25.6
2,777.2
2,826.7
2,879.8
2,957.8
2,862.3
2,894.3
2,951.2
3,020.8
2,830.2
2,874.5
2,932.1
3,008.1
2,830.0
2,868.2
2,918.9
2,988.6
10.5
5.4
7.6
10.3
6.4
7.3
7.7
11.3
12.6
4.5
8.1
9.8
8.5
64
8.3
.10.8
10.8
5.5
7.3
9.9
See footnotes at the end of the table.
SURVEY OF CURRENT BUSINESS
August 1998
•
153
Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter
GDP
Personal
consumption
expenditures
Gross private
domestic
investment
Exports and imports of
goods and services
Exports
Percent change from preceding period
Government 1
Residual
Imports
Final sales
of domestic
product
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
Final sales
of domestic
product
GDP
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
1966:1
II ......
Ill
IV ....
3,042.4
3,055.5
3,076.5
3,102.4
1,885.6
1,890.9
1,912.4
1,919.1
436.1
429.8
426.7
429.8
123.1
122.2
123.0
125.1
156.3
160.2
169.3
171.1
776.3
799.9
812.5
829.5
-22.4
-27.1
-28.8
-O0.0
3,008.8
3,023.1
3,047.2
3,054.8
3,099.9
3,117.9
3,146.5
3,171.9
3,065.8
3,085.0
3,116.9
3,123.7
3,061.1
3,074.2
3,094.7
3,121.4
10.0
1.7
2.8
3.4
7.1
1.9
3.2
1.0
10.9
2.3
3.7
3.3
7.9
2.5
4J
10.1
1.7
2.7
3.5
1967:1
II
Ill
IV ....
3,127.2
3,129.5
3,154.2
3,178.0
1,931.2
1,957.5
1,967.1
1,978.5
415.7
399.3
411.5
420.6
127.0
125.6
124.4
127.3
173.6
172.4
174.8
184.0
864.3
860.2
865.4
872.5
-07.4
-40.7
-39.4
-36.9
3,085.6
3,119.0
3,134.2
3,161.5
3,197.2
3,200.4
3,229.2
3,257.8
3,155.2
3,190.0
3,209.3
3,241.5
3,145.9
3,147.7
3,174.4
3,197.5
3.2
til
3.1
4.1
4.4
2.0
3.5
3.2
3'1
3.6
4.1
4.5
2.4
4.1
3.2
.2
3.4
2.9
1968:1
II
Ill
IV ....
3,236.2
3,292.1
3,316.1
3,331.2
2,025.1
2,056.4
2,095.1
2,104.4
425.2
442.9
430.1
434.9
130.3
132.5
140.7
137.6
194.7
197.7
209.6
207.8
887.3
892.2
893.6
896.6
-37.0
-34.2
-03.8
-34.5
3,225.3
3,258.0
3,303.9
3,325.1
3,323.1
3,380.2
3,404.8
3,422.6
3,312.5
3,345.9
3,392.9
3,416.9
3,256.2
3,312.5
3,337.3
3,352.2
7.5
7.1
3.0
1.8
8.3
4.1
5.8
2.6
8.3
7.0
2.9
2.1
9.1
4.1
5.7
2.9
7.6
7.1
3.0
1.8
1969:1
II
Ill
IV ....
3,381.9
3,390.2
3,409.7
3,392.6
2,128.0
2,141.4
2,152.0
2,168.8
463.3
458.9
468.2
442.6
123.2
149.5
147.7
150.4
188.3
225.3
222.4
220.0
891.6
890.8
888.7
878.8
-05.9
-25.1
-24.5
-28.0
3,357.5
3,373.0
3,389.6
3,388.9
3,475.9
3,483.3
3,503.0
3,480.1
3,451.5
3,466.3
3,483.1
3,476.9
3,402.8
3,410.3
3,428.5
3,411.4
6.2
1.0
2.3
-2.0
4.0
1.9
2.0
-.1
6.4
.9
2.3
-2.6
4.1
1.7
2.(
6.2
.9
2.2
-2.0
1970:1
II
Ill
IV ....
3,386.5
3,391.6
3,423.0
3,389.4
2,182.3
2,192.9
2,211.6
2,204.6
427.6
427.3
435.9
413.8
153.8
159.0
158.7
160.9
219.4
223.6
223.0
226.5
871.8
863.2
866.7
865.5
-29.6
-27.2
-26.9
-28.9
3,397.6
3,391.9
3,421.9
3,414.8
3,469.3
3,471.7
3,503.6
3,469.6
3,481.3
3,472.5
3,503.2
3,496.3
3,406.0
3,411.9
3,442.9
3,407.4
—.7
.6
3.7
-3.9
1.0
-.7
3.6
-.8
-1.2
c
3.7
-3.8
-i!c
3.6
-.8
-6
.7
3.7
-4.1
1971:1
II
Ill
IV ....
3,481.4
3,500.9
3,523.8
3,533.8
2,246.5
2,266.5
2,283.9
2,321.1
465.0
480.6
484.1
470.0
159.6
159.4
16811
149.7
223.9
240.9
246.1
229.2
856.4
852.5
848.8
846.4
-22.2
-17.2
-15.0
-24.2
3,458.9
3,481.2
3,509.4
3,549.5
3,563.2
3,597.9
3,615.5
3,633.0
3,540.8
3,578.4
3,601.4
3,649.8
3,503.3
3,524.3
3,544.7
3,556.0
11.3
2c
2^6
1.1
5.3
2.6
3.3
4.7
11.2
3.9
2.0
2.0
5.2
41
2.S
5.5
11.7
2.4
2.3
1.3
1972:1
II
III
IV ....
3,604.7
3,687.9
3,726.2
3,790.4
2,352.0
2,394.9
2,430.6
2,486.1'
502.4
533.3
542.4
549.1
167.4
164.8
172.4
183.5
263.0
253.1
258.2
269.6
858.8
859.9
848.4
849.2
-12.9
-11.9
-9.4
-7.9
3,608.0
3,665.7
3,700.0
3,784.3
3,713.5
3,793.1
3,827.6
3,890.4
3,717.6
3,771.2
3,801.6
3,884.7
3,627.9
3,710.7
3,751.2
3,815.3
8.3
9.6
4.2
7.1
6.8
6.5
3.8
9.4
9.2
8.9
3.7
6.7
7.6
5.9
3.3
9.0
8.3
9.4
4.4
7.0
1973:1
II
Ill
IV ....
3,892.2
3,919.0
3,907.1
3,947.1
2,530.4
2,527.5
2,539.9
2,532.6
588.6
601.0
583.0
609.2
200.3
209.0
210.3
218.8
281.5
273.7
266.2
269.1
854.6
852.3
839.1
847.7
-.2
2.9
1.0
7.9
3,867.0
3,884.5
3,890.9
3,893.1
3,985.0
3,994.6
3,972.6
4,005.1
3,959.9
3,960.0
3,956.6
3,950.7
3,921.5
3,950.4
3,944.1
3,984.4
11.2
2.8
-1.2
4.2
9.0
1.8
.7
.2
10.1
1.0
-2.2
3.3
8.0
0
-i
11.6
3.0
-.6
4.1
1974:1
II
Ill
IV ....
3,908.1
3,922.6
3,880.0
3,854.1
2,512.7
2,522.7
2,532.4
2,490.9
565.5
561.0
530.3
529.2
226.4
236.4
225.0
231.1
260.6
271.1
266.1
263.4
857.5
866.9
861.8
865.6
6.6
6.7
-O.4
.7
3,889.1
3,899.7
3,882.5
3,822.2
3,944.7
3,958.1
3,924.9
3,886.9
3,925.6
3,935.1
3,927.6
3,854.7
3,952.4
3,964.3
3,917.6
3,886.1
-3.9
1 5
-4.3
-2.6
-.4
1.1
-1.8
-6.1
-5.9
1.4
-O.3
-0.8
-2.5
1.0
-.8
-7.2
-3.2
1.2
-4.6
-3.2
1975:1
II
Ill
IV ....
3,800.9
3,835.2
3,907.0
3,952.5
2,513.2
2,556.3
2,591.8
2,618.7
431.2
419.9
462.4
472.8
230.5
220.9
224.7
236.7
237.3
218.4
236.6
249.3
875.7
871.6
875.7
882.2
-12.4
-15.1
-11.0
-O.6
3,848.3
3,887.9
3,922.7
3,966.7
3,801.5
3,826.1
3,915.7
3,960.3
3,849.2
3,879.0
3,931.4
3,974.6
3,827.3
3,861.8
3,936.1
3,987.9
-5.4
3.7
7.7
4.7
2.8
4.2
3.6
4.6
-O.5
2.6
9.7
4.6
-.6
3.1
5.5
4.5
-5.9
3.7
7.9
5.4
1976:1
II
Ill
IV ....
4,044.6
4,072.2
4,088.5
4,126.4
2,674.2
2,697.9
2,724.4
2,760.8
519.7
540.5
539.9
549.6
235.9
238.1
244.7
247.7
265.2
276.5
287.5
296.8
886.1
876.8
872.8
871.5
-6.1
^.6
-5.8
-6.4
4,027.0
4,039.1
4,061.7
4,119.0
4,073.8
4,112.4
4,133.4
4,178.9
4,056.0
4,079.2
4,106.5
4,171.6
4,078.8
4,107.9
4,124.8
4,163.7
9.7
2.8
1.6
3.8
6.2
1.2
2.3
5.8
12.0
3.8
2.1
4.5
8.4
2.3
2.7
6.5
9.4
2.9
1.6
3.8
1977:1
II
Ill
IV ....
4,176.3
4,260.1
4,329.5
4,328.3
2,794.3
2,810.3
2,836.9
2,877.6
577.7
622.7
652.8
635.3
243.8
250.1
252.2
243.6
310.8
313.3
309.1
313.4
878.1
887.6
887.4
885.8
-6.8
2.7
9.3
-.6
4,161.4
4,228.4
4,270.0
4,303.3
4,251.7
4,330.6
4,392.2
4,408.2
4,236.9
4,298.7
4,332.6
4,383.0
4,219.4
4,302.2
4,371.2
4,365.0
4.9
8.3
6.7
-.1
4.2
6.6
4.0
3.2
7.2
7.6
5.8
1.5
6.4
6.0
3.2
4.7
5.5
8.1
6.6
-.6
1978:1
II
Ill
IV ....
4,345.5
4,510.7
4,552.1
4,603.7
2,893.1
2,954.6
2,968.2
2,990.6
650.5
691.0
710.7
721.4
249.5
275.5
278.3
289.1
334.4
335.1
340.3
344.7
887.5
910.9
917.8
925.9
-.7
13.8
17.4
21.4
4,306.0
4,474.6
4,511.6
4,565.4
4,443.2
4,575.1
4,619.3
4,662.0
4,403.7
4,538.7
4,578.7
4,623.7
4,388.6
4,546.1
4,591.1
4,649.0
1.6
16.1
.3.7
4.6
.3
16.6
3.4
4.9
3.2
12.4
3:9
3.7
1.9
12.8
3.6
4.0
2.2
15.2
4.0
5.1
1979:1
II
Ill
IV ....
4,605.7
4,615.6
4,644.9
4,656.2
3,008.1
3,003.5
3,028.7
3,040.2
717.8
722.9
708.2
690.1
288.9
289.7
299.7
317.8
344.6
345.7
340.0
346.9
916.2
924.8
925.6
932.9
19.3
20.4
22.7
22.1
4,579.0
4,577.0
4,639.2
4,662.5
4,664.3
4,674.7
4,681.7
4,677.8
4,637.5
4,636.0
4,675.7
4,683.8
4,652.6
4,668.7
4,708.8
4,719.5
.2
.9
2.6
1.0
1.2
-.2
5.5
2.0
.2
.9
.6
-.3
1.2
-.1
3.5
.7
.3
1.4
3.5
.9
1980:1
II
Ill
IV ....
4,679.0
4,566.6
4,562.3
4,651.9
3,037.2
2,968.8
2,998.5
3,034.2
689.6
614.5
570.7
638.3
327.7
333.9
332.8
331.1
347.8
322.7
299.4
315.4
946.5
948.3
936.4
934.4
25.8
23.8
23.3
29.3
4,675.3
4,579.0
4,637.1
4,676.1
4,688.1
4,532.4
4,495.6
4,610.1
4,684.1
4,544.3
4,569.1
4,633.6
4,743.0
4,625.6
4,617.8
4,696.6
2.0
-9.3
-.4
8.1
1.1
-0.0
5.2
3.4
.9
-12.6
-3.2
10.6
0
-11.4
2.2
5.8
2.0
-9.5
-.7
7.0
1981:1
II
Ill
IV ....
4,739.2
4,696.3
4,753.0
4,693.8
3,045.6
3,045.8
3,058.8
3,035.3
699.8
662.4
704.5
677.1
336.7
338.9
331.4
334.1
328.5
329.4
325.9
334.9
946.1
947.7
945.5
951.7
39.5
31.4
38.7
30.5
4,692.9
4,699.0
4,702.5
4,672.0
4,707.6
4,664.1
4,725.1
4,675.5
4,661.6
4,665.9
4,674.7
4,653.7
4,787.7
4,742.6
4,801.4
4,747.9
7.7
-3.5
4.9
-4.9
1.4
.5
.3
-2.6
8.7
-3.6
5.3
^.1
2.4
.4
.8
-1.8
8.0
-3.7
5.1
^.4
1982:1
||
III
IV ....
4,615.9
4,634.9
4,612.1
4,618.3
3,054.0
3,062.1
3,080.1
3,129.7
605.8
601.6
593.7
547.6
320.4
322.8
308.2
294.3
325.7
320.2
334.7
321.7
949.0
954.7
961.2
975.5
12.4
13.9
3.6
-7.1
4,655.4
4,651.2
4,616.9
4,681.3
4,603.9
4,612.2
4,626.8
4,634.2
4,642.8
4,628.1
4,631.3
4,696.8
4,658.5
4,682.9
4,651.1
4,655.6
-6.5
1.7
-2.0
.5
-1.4
-.4
-2.9
5.7
-6.0
13
.6
-.9
-1.3
.3
5.8
-7.3
2.1
-2.7
.4
1983:1
II
Ill
IV ....
4,663.0
4,763.6
4,849.0
4,939.2
3,156.5
3,220.0
3,267.1
3,318.6
563.9
617.7
661.4
725.3
298.9
299.8
304.3
310.2
328.8
354.5
382.2
401.0
978.4
985.0
1,001.8
984.1
-5.9
-4.4
^3.4
2.0
4,719.4
4,785.3
4,860.7
4,919.5
4,682.5
4,814.4
4,927.7
5,032.9
4,738.3
4,835.9
4,939.1
5,013.0
4,700.1
4,804.4
4,891.3
4,983.5
3.9
8.9
7.4
7.7
3.3
5.7
6.4
4.9
4.2
11.8
9.7
8.8
3.6
8.5
8.8
6.1
3.9
9.2
7.4
7.8
1984:1
II
Ill
IV ....
5,053.6
5,132.9
5,170.3
5,203.7
3,354.0
3,397.5
3,418.4
3,460.6
812.2
835.6
850.8
834.9
317.5
325.7
332.0
338.3
433.0
451.2
462.5
476.1
994.1
1,016.6
1,022.5
1,040.4
8.8
8.7
9.1
5.6
4,961.0
5,050.0
5,085.6
5,149.9
5,176.3
5,267.3
5,310.1
5,351.4
5,083.7
5,184.2
5,225.2
5,297.5
5,092.6
5,172.4
5,209.5
5,237.5
9.6
6.4
3.0
2.6
3.4
7.4
2.9
5.2
11.9
7.2
3.3
3.1
5.8
8.1
3.2
5.7
9.1
6.4
2.9
2.2
1985:1
II
Ill
IV ....
5,257.3
5,283.7
5,359.6
5,393.6
3,511.2
3,540.8
3,602.1
3,612.1
816.6
821.1
816.0
841.8
338.7
337.3
332.0
341.4
466.0
489.0
484.6
501.3
1,053.2
1,072.8
1,095.7
1,098.9
3.6
.7
-1.6
.7
5,231.7
5,261.0
5,336.9
5,358.0
5,393.2
5,447.3
5,524.6
5,566.2
5,367.8
5,424.6
5,502.0
5,530.6
5,280.3
5,310.8
5,378.4
5,417.5
4.2
2.0
5.9
2.6
6.5
2.3
5.9
1.6
3.2
4.1
5.8
3.0
5.4
4.3
5.8
2.1
3.3
2.3
5.2
2.9
1986:1
||
Ill ..'...
IV ....
5,460.8
5,466.9
5,496.3
5,526.8
3,644.0
3,683.0
3,742.8
3,764.8
855.3
824.0
781.3
786.7
351.3
355.9
364.1
377.5
501.0
523.0
538.1
542.3
1,108.3
1,129.6
1,154.5
1,147.7
2.9
-2.6
-A3
-7.6
5,410.5
5,448.4
5,518.2
5,546.6
5,621.9
5,646.7
5,683.3
5,703.7
5,571.6
5,628.3
5,705.3
5,723.6
5,481.1
5,480.1
5,510.4
5,533.1
5.1
.4
2.2
2.2
4.0
2.8
5.2
2.1
4.1
1.8
2.6
1.4
3.0
4.1
5.6
1.3
4.8
-.1
2.2
1.7
See footnotes at the end of the table.
154
• August 1998
SURVEY OF CURRENT BUSINESS
Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter
GDP
Personal
consumption
expenditures
Gross private
domestic
investment
Exports and imports of
goods and services
Exports
Percent change from preceding period
Government 1
Residual
Imports
Final sales
of domestic
product
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
Final sales
of domestic
product
GDP
Gross
domestic
purchases
Final sales to
domestic
purchasers
GNP
1987:1
II
Ill
IV ....
5,561.8
5,618.0
5,667.4
5,750.6
3,765.7
3,814.0
3,852.9
3,856.5
808.6
807.1
806.3
864.0
377.7
393.5
411.1
425.7
538.8
553.7
563.2
577.0
1,153.4
1,162.8
1,165.9
1,181.5
^.8
-5.7
-5.6
-.1
5,535.8
5,608.4
5,671.5
5,688.3
5,734.8
5,789.8
5,830.2
5,912.4
5,708.9
5,780.2
5,834.3
5,850.2
5,568.7
5,628.7
5,676.0
5,759.6
2.6
4.1
3.6
6.0
-0.8
5.4
4.6
1.2
2.2
3.9
2.8
5.8
-1.0
5.1
3.8
1.1
2.6
4.4
3.4
6.0
1988:1
II
Ill
IV ....
5,785.3
5,844.0
5,878.7
5,952.8
3,924.2
3,952.2
3,985.1
4,029.1
817.8
823.2
830.0
841.7
448.8
461.4
469.4
483.5
574.8
568.3
580.0
597.8
1,172.5
1,177.0
1,176.1
1,198.1
-3.2
-1.5
-1.9
-1.8
5,774.2
5,840.1
5,869.2
5,937.0
5,919.0
5,956.7
5,995.4
6,073.4
5,908.0
5,952.8
5,986.0
6,057.6
5,802.3
5,857.5
5,889.4
5,964.9
2.4
4.1
2.4
5.1
6.2
4.6
2.0
4.7
.5
2.6
2.6
5.3
4.0
3.1
2.2
4.9
3.0
3.9
2.2
5.2
1989:1
II
Ill
IV ....
6,011.0
6,055.6
6,088.0
6,093.5
4,032.8
4,047.4
4,083.2
4,095.0
870.5
873.1
864.0
846.3
502.0
522.0
521.3
535.5
590.7
601.9
605.8
613.5
1,193.5
1,211.1
1,222.6
1,228.4
2.9
3.9
2.7
1.8
5,970.0
6,010.9
6,063.1
6,070.8
6,103.5
6,138.3
6,175.4
6,174.0
6,062.5
6,093.6
6,150.7
6,151.4
6,023.1
6,065.5
6,101.8
6,112.3
4.0
3.0
2.2
.4
2.2
2.8
3.5
.5
2.0
2.3
2.4
-.1
.3
2.1
3.8
0
4.0
2.9
2.4
.7
1990:1
II
Ill
IV ....
6,152.6
6,171.6
6,142.1
6,079.0
4,128.9
4,134.7
4,148.5
4,116.4
842.6
853.4
817.9
746.1
555.2
566.8
561.8
573.9
622.3
633.5
633.0
616.4
1,246.5
1,248.2
1,246.8
1,259.9
1.7
2.0
.1
-.9
6,144.6
6,127.5
6,126.6
6,108.1
6,221.3
6,240.0
6,215.4
6,122.3
6,213.5
6,196.0
6,199.9
6,151.4
6,172.8
6,188.0
6,155.7
6,111.3
3.9
1.2
-1.9
-4.0
5.0
-1.1
-.1
-1.2
3.1
1.2
-1.6
-5.9
4.1
-1.1
.3
-3.1
4.0
1.0
-2.1
-2.9
1991:1
II
III
IV ....
6,047.5
6,074.7
6,090.1
6,105.3
4,084.5
4,110.0
4,119.5
4,109.1
725.1
718.5
745.8
763.2
572.3
600.3
603.6
623.5
596.6
617.4
633.4
641.4
1,262.6
1,263.8
1,255.1
1,250.7
-.4
-.5
-.5
.2
6,065.4
6,095.9
6,085.4
6,083.8
6,071.7
6,091.6
6,120.0
6,123.0
6,089.6
6,112.9
6,115.3
6,101.6
6,074.3
6,086.4
6,099.2
6,119.5
-2.1
1.8
1.0
1.0
-2.8
2.0
-7
-.1
-3.3
1.3
1.9
.2
-4.0
15
.2
-.9
-2.4
.8
.8
1.3
1992:1
II
Ill
IV ....
6,175.7
6,214.2
6,260.7
6,327.1
4,173.8
4,196.4
4,226.7
4,282.3
758.2
792.8
798.5
812.2
633.0
635.8 •
639.7
649.1
647.8
668.3
670.5
689.1
1,258.5
1,257.5
1,266.5
1,272.5
0
0
-.2
.1
6,175.8
6,203.8
6,249.5
6,320.7
6,190.3
6,246.9
6,291.7
6,367.0
6,190.5
6,236.3
6,280.5
6,360.7
6,192.0
6,225.2
6,270.3
6,334.6
4.7
2.5
3.0
4.3
6.2
1.8
3.0
4.6
4.5
3.7
2.9
4.9
6.0
3.0
2.9
5.2
4.8
2.2
2.9
4.2
1993:1
II
Ill
IV ....
6,327.9
6,359.9
6,393.5
6,476.9
4,286.8
4,322.8
4,366.6
4,398.0
845.5
846.1
858.6
1904.0
647.2
660.1
646.3
679.1
701.9
Till
729.4
759.7
1,250.1
1,253.1
1,250.5
1,254.7
.2
.5
.9
.8
6,297.3
6,344.9
6,379.3
6,453.8
6,382.3
6,422.0
6,475.6
6,556.2
6,351.7
6,407.0
6,461.4
6,533.1
6,351.3
6,375.9
6,415.3
6,489.7
.1
2.0
2.1
5.3
-1.5
3.1
2.2
4.8
1.0
2.5
3.4
5.1
-.6
3.5
3.4
4.5
1.1
1.6
2.5
4.7
1994:1
II
Ill
IV ....
6,524.5
6,600.3
6,629.5
6,688.6
4,439.4
4,472.2
4,498.2
4,534.1
939.9
987.8
972.2
1,003.0
676.0
704.1
722.1
747.3
773.6
808.0
833.2
853.2
1,241.9
1,243.3
1,268.1
1,255.8
.9
.9
2.1
1.6
6,473.0
6,526.7
6,580.4
6,624.8
6,620.2
6,701.8
6,737.5
6,791.3
6,568.7
6,628.0
6,688.4
6,727.5
6,540.5
6,609.3
6,635.6
6,691.2
3.0
4.7
1.8
3.6
1.2
3.4
3.3
2.7
4.0
5.0
2.1
3.2
2.2
3.7
3.7
2.4
3.2
4.3
1.6
3.4
1995:1
II
Ill
IV ....
6,717.5
6,724.2
6,779.5
6,825.8
4,555.3
4,593.6
4,623.4
4,650.0
1,013.5
982.0
983.4
1,005.4
763.9
774.0
806.3
826.1
873.4
888.7
893.1
900.9
1,256.2
1,259.9
1,257.6
1,244.5
2.0
3.4
1.9
.7
6,661.8
6,700.0
6,761.7
6,803.3
6,823.3
6,834.6
6,863.5
6,898.4
6,767.5
6,810.4
6,845.7
6,875.9
6,735.9
6,746.3
6,788.9
6,846.8
1.7
.4
3.3
2.8
2.2
2.3
3.7
2.5
1.9
.7
1.7
2.0
2.4
2.6
2.1
1.8
2.7
.6
2.6
3.5
1996:1
II
Ill
IV ....
6,882.0
6,983.9
7,020.0
7,093.1
4,692.1
4,746.6
4,768.3
4,802.6
1,029.3
1,072.8
1,118.1
1,116.1
833.6
845.5
849.9
911.1
929.1
958.9
990.0
1,007.0
1,254.5
1,276.2
1,271.1
1,271.2
1.6
1.7
2.6
-.9
6,863.6
6,954.7
6,970.3
7,057.9
6,974.0
7,092.8
7,152.6
7,185.2
6,955.7
7,063.5
7,102.7
7,149.9
6,902.1
6,999.0
7,027.1
7,105.3
3.3
6.1
2.1
4.2
3.6
5.4
.9
5.1
4.5
7.0
3.4
1.8
4.7
6.3
2.2
2.7
3.3
5.7
1.6
4.5
1997:1
II
Ill
IV ....
7,166.7
7,236.5
7,311.2
7,364.6
4,853.4
4,872.7
4,947.0
4,981.0
1,156.6
.1,211.3
1,215.8
1,241.9
929.4
963.6
988.1
998.8
1,050.9
1,095.2
1,130.5
1,147.8
1,277.7
1,284.4
1,288.9
1,289.2
.5
-.3
1.9
1.5
7,108.1
7,155.5
7,256.3
7,294.8
7,281.3
7,359.4
7,443.1
7,502.1
7,222.6
7,278.3
7,388.0
7,432.1
7,167.8
7,239.3
7,307.0
7,350.7
4.2
4.0
4.2
3.0
2.9
2.7
5.8
2.1
5.5
4.4
4.6
3.2
4.1
3.1
6.2
2.4
3.6
4.1
3.8
2.4
1. Government consumption expenditures and gross investment.
NOTE.—The residual is the difference between GDP and the sum of the detailed components shown in this table.
GDP Gross domestic product
GNP Gross national product
August 1998
SURVEY OF CURRENT BUSINESS
• 155
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Personal consumption expenditures
Year and
quarter
;;
Government 1
Exports and imports 0
goods and services
Gross private domestic investment
Fixed investment
GDP
Total
Durable
goods
Nondurable goods
Services
Total
Nonresidential
Total
Total
Structures
PDE
Residential
Exports
Imports
Total
Federal
State and
local
Final
sales of
domestic
product
GNP
1929
12.67
14.07
8.12
20.68
11.53
11.69
15.79
14.67
38.42
8.32
20.06
5.56
6.93
8.34
3.56
14.57
12.79
12.74
1930
1931
1932
1933
1934
11.53
10.79
9.36
9.25
10.27
13.32
12.91
11.76
11.49
12.30
6.70
5.72
4.29
4.21
4.86
19.71
19.61
18.01
17.74
19.26
11.24
10.88
10.18
9.86
10.23
7.56
4.76
1.25
2.08
3.99
12.10
8.40
4.88
4.32
5.58
12.09
7.92
4.75
4.28
5.45
32.87
21.16
12.97
10.08
11.35
6.60
4.40
2.58
2.64
3.64
12.19
10.20
5.39
4.40
6.02
4.60
3.82
2.99
3.01
3.34
6.03
5.26
4.36
4.54
4.64
9.19
9.59
9.27
8.93
10.08
3.95
4.09
4.16
5.12
6.91
16.04
16.76
15.99
14.31
15.04
11.91
11.22
9.94
9.63
10.54
11.60
10.85
9.40
9.28
10.29
1935
1936
1937
1938
1939
11.18
12.65
13.32
12.83
13.88
13.06
14.38
14.92
14.68
15.50
5.93
7.28
7.68
6.27
7.45
20.41
22.81
23.62
23.95
25.19
10.55
11.08
11.48
11.35
11.70
7.34
9.55
11.90
7.76
10.06
7.23
9.63
11.29
8.95
10.75
6.90
9.34
11.19
8.21
9.17
12.58
16.50
20.93
16.74
17.66
4.97
6.82
7.94
5.54
6.39
8.42
10.66
11.59
11.66
16.55
3.53
3.71
4.67
4.62
4.88
6.08
6.01
6.76
5.26
5.52
10.39
12.07
11.63
12.48
13.58
7.08
10.79
9.81
10.77
11.50
15.55
15.48
15.54
16.42
18.09
11.21
12.68
13.23
13.03
13.99
11.21
12.67
13.35
12.87
13.91
1940
1941
1942
1943
1944
15.07
17.65
20.96
24.39
26.34
16.30
17.47
17.06
17.53
18.03
8.58
9.96
6.07
5.31
4.85
26.32
28.09
28.57
29.52
30.69
12.11
12.73
13.27
13.97
14.43
14.08
17.37
9.12
5.30
6.61
12.92
14.74
8.32
6.43
7.89
11.35
13.35
7.87
6.58
8.74
20.06
23.82
14.72
10.70
14.01
8.28
9.70
5.58
5.02
6.70
18.67
19.84
10.03
5.95
5.13
5.54
5.69
3.74
3.12
3.35
5.66
6.95
6.31
7.96
8.33
13.78
22.79
54.76
81.68
91.67
12.45
32.90
104.06
165.01
187.75
17.54
16.46
14.98
13.64
13.17
14.91
17.28
20.98
24.76
26.73
15.10
17.68
20.99
24.40
26.35
26.05
23.19
22.91
23.88
23.70
19.16
21.52
21.95
22.43
23.04
5.47
10.41
12.37
13.15
14.21
32.89
34.69
33.75
33.86
34.38
14.93
16.33
17.14
17.80
18.25
8.70
22.37
21.50
27.33
20.65
10.80
19.66
23.66
26.01
23.74
12.28
17.73
20.64
21.66
19.62
18.89
37.16
33.79
35.54
34.29
9.61
11.58
15.76
16.52
14.44
6.02
25.42
32.76
39.20
36.25
4.74
10.32
11.79
9.28
9.20
8.86
7.34
6.97
8.13
7.85
80.08
27.62
22.97
24.56
27.36
161.50
43.74
31.37
33.62
36.60
13.53
14.92
17.04
18.14
20.93
26.53
22.84
23.25
23.66
24.19
26.05
23.21
22.97
23.96
23.77
1950
1951
1952
1953
1954
25.81
27.77
28.81
30.13
29.92
24.51
24.86
25.65
26.90
27.46
17.34
15.75
15.31
17.30
17.32
35.46
36.39
37.83
39.02
39.51
19.15
20.07
20.96
21.88
22.77
29.61
29.76
26.64
27.88
26.56
28.35
27.08
26.54
28.48
28.90
21.42
22.30
21.83
23.90
23.36
36.82
39.71
39.59
43.10
44.58
15.91
16.22
15.71
17.26
16.26
49.61
41.53
40.79
42.24
45.74
8.04
9.86
9.40
8.78
9.20
9.27
9.64
10.49
11.47
10.91
27.27
37.08
44.80
47.89
44.52
34.33
56.44
73.79
79.45
68.80
22.68
22.85
23.23
24.39
26.52
25.58
27.34
28.82
30.25
30.32
25.88
27.88
28.92
30.23
30.03
1955
1956
1957
1958
1959
32.05
32.67
33.29
32.95
35.39
29.45
30.29
31.00
31.25
33.05
21.12
20.19
20.23
18.61
21.10
41.42
42.83
43.62
44.04
45.87
23.93
25.16
26.11
27.11
28.53
33.13
32.63
31.13
28.41
34.37
32.67
32.56
32.27
29.85
34.09
25.95
27.12
27.61
24.45
26.47
47.75
52.73
52.70
49.52
50.71
18.50
18.64
19.22
16.34
18.37
53.16
48.83
45.84
46.31
58.14
10.18
11.87
12.90
11.14
11.24
12.22
13.21
13.77
14.42
15.94
4283
42.95
44.85
46.31
48.94
62.41
61.53
63.70
63.70
68.29
28.46
29.36
31.09
33.73
34.90
31.98
32.68
33.50
33.23
35.38
32.18
32.82
33.45
33.08
35.52
1960
1961
1962
1963
1964
36.24
37.06
39.31
40.99
43.37
33.95
34.64
36.35
37.84
40.10
21.53
20.72
23.14
25.39
27.73
46.56
47.42
48.91
49.93
52.39
29.78
30.98
32.52
33.98
36.04
34.22
33.86
38.23
40.69
44.06
34.36
34.19
37.28
40.04
43.87
27.95
27.70
30.11
31.62
35.34
54.74
55.48
57.98
58.62
64.71
19.12
18.67
20.83
22.41
25.23
54.01
54.16
59.35
66.34
70.20
13.58
13.80
14.54
15.64
17.73
16.15
16.05
17.87
18.34
19.32
48.84
51.21
54.28
55.54
56.65
66.18
68.76
74.48
74.21
72.95
36.32
38.57
39.70
42.09
44.98
36.30
37.16
39.21
40.92
43.37
36.38
37.23
39.51
41.20
43.61
1965
1966
1967
1968
1969
46.14
49.15
50.40
52.75
54.35
42.64
45.07
46.41
49.06
50.89
31.24
33.88
34.42
38.20
39.56
55.18
58.19
59.12
61.80
63.44
37.96
39.88
41.82
43.98
46.10
50.25
54.48
52.10
54.82
57.98
48.31
50.94
49.91
53.37
56.54
41.46
46.50
45.77
47.76
51.20
75.03
80.17
78.13
79.24
83.51
29.81
34.43
34.08
36.15
39.15
68.15
62.05
60.10
68.29
70.31
18.08
19.30
19.72
21.16
22.31
21.37
24.55
26.34
30.26
31.99
58.36
63.66
68.49
70.62
70.22
72.96
81.28
89.34
90.22
87.11
48.00
51.09
53.58
56.61
58.17
45.86
48.63
50.10
52.55
54.14
46.38
49.36
50.62
52.99
54.56
1970
1971
1972
1973
1974
54.41
56.21
59.29
62.72
62.32
52.08
54.02
57.25
60.02
59.59
38.29
42.11
47.46
52.37
48.77
64.99
66.16
69.06
71.33
69.94
47.96
49.72
52.40
54.76
56.08
53.91
60.08
67.28
75.33
69.14
55.16
59.34
66.41
72.43
67.68
50.70
50.63
55.16
63.19
63.52
83.78
82.41
84.94
91.86
89.94
38.46
38.76
43.69
51.77
52.84
66.10
84.23
99.20
98.56
78.21
24.73
24.90
26.90
32.78
35.93
33.35
35.13
39.01
40.76
39.66
68.59
67.34
67.58
67.14
68.28
80.90
75.19
73.90
70.29
69.85
59.80
61.75
63.12
65.03
67.35
54.61
56.11
59.15
62.27
62.10
54.63
56.46
59.57
63.15
62.83
1975
1976
1977
1978
1979
62.04
65.38
68.44
72.11
74.16
60.90
64.32
67.06
69.95
71.57
48.74
54.96
60.06
63.21
62.90
70.99
74.50
76.44
79.11
80.92
58.03
60.47
63.01
65.96
68.06
56.50
67.99
78.71
87.73
89.79
60.12
66.07
75.78
84.34
88.78
56.88
59.61
66.65
75.75
83.05
80.53
82.50
86.52
95.96
108.01
47.32
50.22
58.05
66.80
72.21
68.06
84.09
101.89
108.62
104.65
35.69
37.79
38.69
42.71
46.77
35.19
42.08
46.59
50.62
51.47
69.34
69.38
70.01
72.05
73.18
69.68
68.99
70.09
71.54
72.59
69.32
69.90
70.18
72.68
73.87
62.63
65.12
67.99
71.57
73.98
62.40
65.84
68.97
72.64
74.93
1980
1981
1982
1983
1984
73.91
75.60
73.99
76.93
82.32
71.32
72.19
73.02
76.79
80.75
57.85
58.51
58.44
67.01
76.75
80.58
81.27
81.75
84.16
87.14
69.34
70.39
71.73
75.08
78.15
79.49
86.78
74.29
81.23
105.43
82.77
84.32
77.91
83.51
97.32
82.66
87.07
83.23
81.82
95.97
115.27
124.37
122.50
109.79
125.44
69.01
71.56
66.97
70.08
83.52
82.52
75.92
62.10
87.62
100.39
51.83
52.43
48.71
47.44
51.36
48.03
49.28
48.66
54.81
68.12
74.49
74.99
75.97
78.13
80.58
75.63
78.77
81.33
85.74
87.83
73.88
72.41
72.22
72.69
75.44
74.42
75.22
74.57
77.29
81.15
74.67
76.25
74.53
77.45
82.78
1985
1986
1987 ....
1988
1989
85.25
87.88
90.47
93.93
97.08
84.52
87.89
90.58
94.14
96.32
84.21
91.79
93.13
98.97
101.57
89.15
91.98
93.75
96.41
98.61
82.06
84.72
88.27
91.82
93.90
104.23
102.71
103.93
104.77
109.24
102.02
102.76
102.05
104.45
106.20
101.90
98.32
97.22
101.46
105.55
134.63
120.16
115.77
116.35
118.91
88.10
88.99
89.24
94.99
99.73
101.75
113.95
114.22
111.96
107.84
52.76
56.65
62.87
72.85
81.36
72.53
78.65
83.44
86.73
90.13
85.47
89.81
92.26
93.44
96.06
93.87
98.18
101.21
99.36
100.67
79.47
83.85
85.87
89.24
92.78
84.92
87.87
90.20
93.87
96.65
85.47
87.94
90.45
93.97
97.13
1990
1991
1992
1993
1994
98.27
97.36
100.00
102.32
105.87
97.92
97.30
100.00
102.93
106.31
100.98
94.56
100.00
107.23
114.87
99.56
98.57
100.00
102.20
105.15
96.34
97.16
100.00
102.47
105.23
103.11
93.39
100.00
109.25
123.44
102.86
94.62
100.00
107.58
116.86
104.90
98.18
100.00
107.58
116.22
120.18
107.32
100.00
100.95
101.94
98.24
94.20
100.00
110.52
122.66
97.80
85.76
100.00
107.56
118.39
88.27
93.82
100.00
102.94
111.41
93.62
93.01
100.00
108.89
122.13
98.94
99.55
100.00
99.08
99.09
102.64
102.16
100.00
95.78
92.17
96.31
97.68
100.00
101.45
104.06
98.23
97.52
100.00
102.11
105.03
98.43
97.43
100.00
102.44
105.81
1995
1996
1997
108.28
112.02
116.42
109.14
112.62
116.44
120.59
128.16
136.86
107.24
109.77
112.44
107.89
111.09
114.61
126.02
137.15
152.62
123.30
134.10
145.25
127.38
139.21
154.04
106.78
112.16
120.09
136.80
151.75
170.04
113.85
122.32
125.36
123.95
134.50
151.70
132.90
145.19
165.35
99.27
100.35
101.68
89.14
88.19
86.75
106.55
109.09
112.42
107.92
111.61
115.49
108.38
112.04
116.16
1947:1
II
Ill
IV ....
22.46
22.81
23.02
23.35
21.62
22.00
22.09
22.09
11.84
12.14
12.32
13.17
33.32
33.95
34.08
33.64
17.02
17.22
17.19
17.14
20.10
20.22
20.79
24.88
23.12
22.60
23.43
25.49
20.85
20.59
20.24
20.89
33.57
33.76
34.16
33.68
16.08
15.71
15.19
16.06
29.93
28.58
33.05
39.48
12.44
12.40
11.83
10.48
7.28
7.34
6.46
6.80
22.79
23.02
23.23
22.85
31.49
31.73
31.72
30.56
16.57
16.84
17.23
17.51
22.96
23.20
23.42
23.42
22.52
22.88
23.08
23.42
1948:1
II
IV ....
23.61
23.92
23.97
24.00
22.19
22.42
22.46
22.64
13.04
13.11
13.32
13.11
33.63
33.97
33.68
34.16
17.46
17.71
17.95
18.09
26.92
28.06
27.89
26.45
26.30
26.21
25.90
25.62
22.12
21.29
21.32
21.89
34.31
35.16
36.11
36.57
17.36
16.18
15.98
16.54
38.95
41.17
39.82
36.87
9.98
9.03
9.23
8.90
7.70
8.02
8.47
8.35
23.30
24.35
24.77
25.80
31.58
33.33
33.90
35.68
17.49
17.99
18.30
18.77
23.50
23.63
23.65
23.86
23.69
24.01
24.06
24.09
I
II
Ill
IV ....
23.70
23.61
23.87
23.61
22.68
23.02
23.07
23.39
12.85
14.03
14.72
15.25
34.34
34.41
34.15
34.63
18.17
18.29
18.24
18.29
22.50
19.29
21.04
19.77
24.14
23.38
23.31
24.13
20.83
20.01
18.99
18.65
35.93
35.09
33.53
32.60
15.45
14.70
13.89
13.72
34.12
33.55
36.43
40.90
9.98
9.89
9.07
7.84
8.06
7.95
7.63
7.75
26.48
27.68
27.95
27.33
36.27
37.61
37.19
35.32
19.54
20.68
21.54
21.95
23.95
24.26
24.24
24.31
23.78
23.68
23.94
23.67
1945
1946
1947
1948
1949
...
Ill
1949:
See footnotes at the end of the table.
'
156
• August 1998
SURVEY OF CURRENT BUSINESS
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Personal consumption expend tures
Year and
quarter
Exports and imports of
goods and services
Gross private domestic investment
Government'
Fixed investment
GDP
Total
Durable
goods
Nondurable goods
Services
Total
Presidential
Total
Total
Structures
PDE
Residential
Exports
Imports
Total
Federal
State and
local
Final
sales of
domestic
product
GNP
1950:1
II
Ill
IV ....
24.63
25.37
26.33
26.88
23.78
24.17
25.41
24.66
15.87
15.99
20.01
17.50
35.05
35.42
36.06
35.30
18.56
19.10
19.37
19.58
25.16
27.96
30.42
34.92
25.67
28.06
30.15
29.54
19.19
20.92
22.79
22.77
34.22
35.95
38.06
39.05
13.96
15.55
17.20
16.93
45.53
49.96
52.72
50.24
7.71
7.80
8.01
8.65
7.93
8.38
10.39
10.39
26.84
27.25
26.67
28.33
33.57
34.25
32.87
36.63
22.50
22.71
22.74
22.75
24.71
25.37
26.25
25.99
24.70
25.44
26.42
26.97
1951:1
II
Ill
IV ....
27.11
27.61
28.16
28.20
25.21
24.51
24.79
24.94
17.94
15.28
14.94
14.83
36.19
35.78
36.58
36.99
19.88
20.00
20.17
20.25
30.90
31.83
29.44
26.87
28.39
27.04
26.58
26.31
22.10
22.36
22.59
22.13
39.18
40.53
40.32
38.80
16.12
16.10
16.42
16.26
47.58
41.16
38.52
38.86
9.11
9.99
10.21
10.14
10.39
10.04
9.18
8.95
31.21
35.60
39.65
41.86
43.47
52.92
62.11
67.25
22.51
22.91
23.02
22.98
26.70
26.84
27.71
28.13
27.20
27.72
28.27
28.32
1952:1
II
Ill
IV ....
28.49
28.49
28.68
29.56
25.01
25.49
25.62
26.48
15.01
15.26
14.28
16.71
36.75
37.62
38.22
38.73
20.53
20.80
21.10
21.44
27.41
24.90
26.22
28.04
26.58
26.97
25.37
27.25
22.16
22.43
20.48
22.26
38.82
39.12
39.45
40.95
16.28
16.53
14.16
15.88
39.92
40.64
40.22
42.38
10.64
9.46
8.72
8.79
9.99
9.94
10.54
11.47
43.29
44.80
45.24
45.88
70.49
73.37
75.25
76.05
23.04
23.53
22.89
23.44
28.38
28.85
28.58
29.47
28.61
28.60
28.79
29.67
1953:1
II
Ill
IV ....
30.15
30.38
30.23
29.76
26.81
26.99
26.96
26.83
17.38
17.37
17.39
17.08
39.03
39.20
38.93
38.91
21.61
21.92
22.06
21.92
28.77
28.76
28.10
25.91
28.40
28.57
28.57
28.38
23.55
23.72
24.23
24.10
42.19
42.99
43.22
44.00
17.08
17.08
17.62
17.28
43.05
43.17
41.54
41.19
8.64
8.69
9.04
8.74
11.22
11.79
11.73
11.15
47.44
48.53
47.97
47.62
78.98
81.59
79.43
77.81
23.96
23.91
24.55
25.15
30.12
30.38
30.33
30.18
30.25
30.50
30.32
29.85
1954:1
II
Ill
IV ....
29.63
29.60
29.93
30.52
26.92
27.21
27.58
28.14
16.52
17.14
17.28
18.34
39.19
39.06
39.56
40.22
22.17
22.64
23.02
23.25
25.75
25.52
26.82
28.15
27.95
28.33
29.34
29.98
23.41
23.05
23.53
23.43
44.42
44.75
44.66
44.48
16.36
15.86
16.44
16.37
41.61
44.32
47.03
50.00
8.35
9.55
9.24
9.67
10.49
11.44
10.80
10.90
46.35
44.73
43.66
43.33
73.68
69.77
66.34
65.42
26.05
26.14
26.88
27.01
30.01
30.08
30.35
30.83
29.73
29.71
30.04
30.65
1955:1
II
Ill
IV ....
31.38
31.94
32.35
32.52
28.74
29.31
29.68
30.06
19.95
21.19
21.94
21.38
40.53
41.22
41.54
42.40
23.58
23.74
23.97
24.44
31.19
33.27
33.71
34.37
31.28
32.67
33.37
33.36
23.99
25.54
26.80
27.48
45.84
46.97
48.51
49.67
16.68
18.21
19.30
19.81
53.71
54.51
53.35
51.07
10.02
9.79
10.44
10.48
11.49
12.17
12.39
12.84
43.28
42.90
43.09
42.08
63.81
62.44
62.95
60.42
28.16
28.55
28.49
28.65
31.41
31.85
32.30
32.36
31.51
32.07
32.48
32.65
1956:1
II
Ill
IV ....
32.41
32.63
32.56
33.09
30.11
30.19
30.24
30.62
20.35
20.28
19.80
20.32
42.82
42.71
42.74
43.06
24.70
24.99
25.29
25.66
33.29
32.87
32.33
32.04
32.54
32.73
32.61
32.35
26.82
27.16
27.29
27.19
51.24
53.04
53.37
53.25
18.66
18.61
18.69
18.60
49.76
49.44
48.45
47.67
10.97
11.72
12.12
12.67
13.33
13.28
13.40
12.84
42.19
43.04
42.73
43.85
60.30
61.83
60.90
63.10
28.95
29.29
29.45
29.74
32.30
32.62
32.63
33.16
32.56
32.79
32.72
33.22
1957:1
II
Ill
IV ....
33.27
33.18
33.53
33.16
30.83
30.88
31.13
31.16
20.74
20.23
20.05
19.88
43.21
43.42
44.05
43.83
25.81
26.00
26.17
26.48
31.45
31.38
32.28
29.42
32.40
32.15
32.54
31.97
27.44
27.46
28.12
27.42
52.88
52.82
52.75
52.34
18.98
19.02
19.79
19.09
47.04
45.89
45.25
45.18
13.49
13.09
12.71
12.32
13.81
13.94
13.65
13.68
44.68
44.40
44.78
45.55
64.09
63.10
63.41
64.20
30.49
30.74
31.18
31.96
33.45
33.33
33.60
33.61
33.44
33.37
33.71
33.29
1958:1
II
Ill
IV ....
32.23
32.42
33.19
33.96
30.73
30.98
31.46
31.85
18.53
18.18
18.52
19.20
43.29
43.61
44.36
44.91
26.55
27.02
27.37
27.49
27.09
26.36
28.69
31.48
29.86
28.97
29.36
31.21
25.27
24.13
23.74
24.66
51.16
49.47
48.36
49.11
16.90
15.98
15.80
16.68
43.40
43.52
46.68
51.65
11.07
11.11
11.18
11.20
13.83
14.42
14.29
15.15
45.01
46.25
46.52
47.47
61.84
64.02
63.78
65.17
32.85
33.37
34.04
34.67
32.72
32.89
33.35
33.96
32.36
32.56
33.31
34.08
1959:1
II
Ill
IV ....
34.67
35.61
35.57
35.73
32.46
32.98
33.35
33.40
20.59
21.35
21.81
20.67
45.39
45.76
46.00
46.31
27.84
28.35
28.76
29.16
32.95
36.11
33.57
34.87
33.03
34.26
34.74
34.33
25.31
26.27
27.17
27.14
48.94
50.43
51.92
51.53
17.70
18.20
18.77
18.80
57.60
59.64
58.52
56.81
10.74
10.96
11.85
11.40
15.30
16.15
16.36
15.95
48.29
49.15
49.39
48.94
66.74
68.72
69.24
68.45
34.92
34.94
34.98
34.77
34.72
35.34
35.79
35.68
34.79
35.72
35.71
35.87
1960:1
II
Ill
IV ....
36.50
36.28
36.33
35.85
33.71
34.12
33.97
34.00
21.39
21.88
21.72
21.13
46.31
46.85
46.52
46.56
29.51
29.77
29.76
30.06
38.50
34.38
34.08
29.93
35.46
34.68
33.73
33.58
28.10
28.45
27.71
27.54
53.69
54.31
54.43
56.52
19.44
19.77
18.96
18.32
58.44
53.64
52.01
51.94
13.01
13.56
13.87
13.87
16.52
16.62
16.12
15.36
47.92
48.55
49.19
49.69
65.34
65.74
66.50
67.14
35.33
36.15
36.70
37.10
36.05
36.37
36.32
36.47
36.63
36.42
36.47
36.01
1961:1
II
Ill
IV ....
36.06
36.71
37.36
38.13
33.99
34.50
34.68
35.38
19.88
20.31
20.82
21.86
46.86
47.35
47.38
48.06
30.36
30.91
31.06
31.60
30.58
32.72
35.70
36.43
33.18
33.60
34.42
35.58
26.99
27.47
27.70
28.64
56.25
55.31
55.32
55.03
17.68
18.44
18.71
19.84
52.14
52.33
55.16
57.00
13.96
13.30
13.86
14.09
15.29
15.49
16.51
16.90
50.30
50.73
51.28
52.53
66.98
68.30
69.12
70.64
38.30
38.07
38.41
39.49
36.52
36.89
37.20
38.04
36.24
36.87
37.52
38.30
1962:1
II
Ill
IV ....
38.80
39.20
39.59
39.66
35.75
36.18
36.48
36.98
22.32
22.91
23.13
24.19
48.47
48.71
49.08
49.38
31.90
32.39
32.69
33.08
38.61
38.20
38.77
37.32
36.31
37.48
37.78
37.54
29.28
30.22
30.61
30.34
56.03
58.07
59.64
58.17
20.33
20.94
21.01
21.04
58.03
59.85
59.79
59.72
14.00
14.93
14.88
14.37
17.42
17.79
18.02
18.24
53.40
54.00
54.71
55.02
73.14
74.19
75.19
75.38
39.14
39.41
39.91
40.32
38.48
39.13
39.47
39.74
38.96
39.40
39.78
39.90
1963:1
II
Ill
IV ....
40.18
40.65
41.42
41.71
37.24
37.59
38.10
38.42
24.71
25.27
25.56
26.00
49.57
49.78
50.17
50.21
33.25
33.62
34.28
34.75
39.61
40.00
41.42
41.72
37.94
39.64
40.65
41.93
30.24
31.13
32.05
33.08
56.13
58.78
59.19
60.37
21.41
21.80
22.75
23.66
61.87
66.33
67.55
69.61
14.41
15.73
15.85
16.57
17.81
18.23
18.69
18.64
54.69
54.96
56.45
56.07
73.55
73.65
75.67
73.97
41.09
41.49
42.59
43.21
39.96
40.62
41.33
41.77
40.40
40.85
41.63
41.93
1964:1
II
Ill
IV ....
42.71
43.20
43.71
43.88
39.19
39.89
40.62
40.73
26.97
27.69
28.61
27.67
51.16
52.11
53.06
53.24
35.29
35.80
36.29
36.78
43.78
43.54
44.16
44.77
43.57
43.42
44.10
44.38
33.94
34.79
35.96
36.66
61.93
64.05
66.17
66.69
24.28
24.75
25.59
26.28
73.88
70.16
69.01
67.75
17.48
17.33
17.86
18.23
18.62
19.04
19.55
20.06
56.38
57.09
56.57
56.55
73.77
74.16
72.29
71.58
43.89
44.84
45.34
45.84
42.70
43.21
43.73
43.84
42.95
43.43
43.95
44.09
1965:1
II
Ill
IV ....
44.98
45.58
46.42
47.57
41.62
42.09
42.80
44.03
30.31
30.38
31.46
32.82
53.86
54.46
55.24
57.15
37.13
37.66
38.18
38.86
49.59
49.54
50.72
51.14
46.47
47.72
48.98
50.06
39.20
40.62
42.13
43.90
70.10
74.99
75.77
79.26
28.39
28.84
30.41
31.61
67.99
68.52
68.79
67.29
16.04
18.57
18.23
19.50
19.35
21.64
21.72
22.79
56.49
57.64
59.06
60.27
70.87
72.02
73.52
75.43
46.26
47.43
48.80
49.50
44.52
45.32
46.17
47.42
45.24
45.85
46.66
47.78
1966:1
II
Ill
IV ....
48.72
48.93
49.27
49.68
44.68
44.81
45.32
45.48
34.39
32.96
34.09
34.09
57.68
58.18
58.57
58.34
39.23
39.71
40.05
40.54
55.17
54.38
53.98
54.38
51.92
51.21
51.13
49.49
45.81
46.48
46.96
46.75
81.17
79.58
81.34
78.58
33.37
34.55
34.67
35.12
68.81
63.29
61.26
54.84
19.25
19.12
19.24
19.57
23.37
23.95
25.31
25.58
61.43
63.30
64.29
65.64
77.22
81.08
82.68
84.13
50.20
50.60
51.15
52.43
48.24
48.47
48.85
48.98
48.93
49.14
49.47
49.90
1967:1
II
Ill
IV ....
50.08
50.12
50.51
50.89
45.77
46.39
46.62
46.89
33.42
34.94
34.62
34.69
58.80
59.08
59.12
59.45
41.08
41.59
42.15
42.46
52.60
50.52
52.06
53.21
48.28
49.57
50.11
51.68
45.70
45.60
45.42
46.35
79.38
77.13
77.93
78.06
33.69
34.14
33.71
34.79
53.18
59.21
62.19
65.81
19.86
19.65
19.46
19.92
25.95
25.77
26.13
27.50
68.40
68.06
68.48
69.04
89.85
88.69
89.36
89.45
53.03
53.30
53.53
54.45
49.47
50.01
50.25
50.69
50.29
50.32
50.75
51.12
1968:1
II
Ill
IV ....
51.83
52.72
53.11
53.35
47.99
48.73
49.65
49.87
36.86
37.59
39.31
39.05
60.74
61.51
62.48
62.47
43.01
43.73
44.30
44.86
53.80
56.03
54.41
55.03
52.88
52.59
53.34
54.64
47.76
46.89
47.49
48.89
79.62
78.93
78.39
80.01
36.05
35.20
36.06
37.31
66.21
67.89
69.10
69.97
20.37
20.72
22.01
21.53
29.11
29.55
31.33
31.07
70.21
70.60
70.71
70.95
91.01
90.48
89.70
89.68
55.33
56.39
57.14
57.57
51.71
52.23
52.97
53.31
52.05
52.95
53.35
53.59
1969:1
II
Ill
IV ....
54.16
54.29
54.60
54.33
50.43
50.75
51.00
51.40
39.74
39.64
39.55
39.32
63.06
63.37
63.48
63.87
45.34
45.83
46.30
46.93
58.62
58.06
59.24
55.99
56.31
56.52
57.42
55.89
50.27
50.77
52.08
51.69
81.21
81.89
85.78
85.16
38.65
39.06
39.59
39.29
72.48
71.69
71.14
65.92
19.26
23.38
23.09
23.52
28.14
33.68
33.25
32.88
70.55
70.49
70.32
69.54
88.33
87.59
87.09
85.42
57.86
58.28
58.35
58.20
53.83
54.08
54.34
54.33
54.40
54.52
54.81
54.54
See footnotes at the end of the table.
SURVEY OF CURRENT BUSINESS
August 1998
•
15J
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Personal consumption expenditures
Year and
quarter
Government'
Exports and imports 0
goods and services
Gross private domestic investment
Fixed investment
GDP
Total
Durable
goods
Nondurable goods
Services
Total
Nonresidential
Trtfal
iULdl
Total
Structures
PDE
Residential
Exports
Imports
Total
Federal
State and
local
Final
sales of
domestic
product
GNP
1970:1
II
Ill
IV ....
54.23
54.31
54.82
54.28
51.72
51.97
52.41
52.25
38.62
39.03
39.15
36.34
64.54
64.68
65.11
65.63
47.39
47.66
48.22
48.55
54.09
54.06
55.14
52.35
55.59
54.33
55.29
55.41
51.26
50.96
51.23
49.34
84.52
83.64
83.96
83.01
38.94
38.82
39.06
37.01
66.06
61.67
64.92
71.76
24.05
24.87
24.82
25.16
32.80
33.43
33.33
33.86
68.98
68.30
68.58
68.48
83.29
81.16
79.93
79.23
58.78
59.12
60.48
60.82
54.47
54.38
54.86
54.75
54.45
54.54
55.04
54.47
1971:1
II
Ill
IV ....
55.75
56.07
56.43
56.59
53.24
53.71
54.12
55.01
40.38
41.32
42.43
44.30
65.85
66.08
66.09
66.63
48.96
49.43
49.86
50.61
58.83
60.80
61.24
59.46
56.67
59.01
60.06
61.61
49.81
50.51
50.61
51.57
82.77
82.55
82.28
82.04
37.64
38.57
38.78
40.05
75.61
83.25
87.34
90.72
24.96
24.93
26.29
23.41
33.47
36.01
36.79
34.26
67.76
67.46
67.17
66.97
77.02
75.71
74.78
73.26
61.17
61.58
61.74
62.53
55.45
55.81
56.26
56.91
56.00
56.34
56.67
56.85
1972:1
II
Ill
IV ....
57.73
59.06
59.67
60.70
55.74
56.75
57.60
58.91
45.38
46.51
47.75
50.22
67.05
68.70
69.65
70.86
51.43
51.97
52.60
53.59
63.56
67.47
68.62
69.47
64.42
65.56
66.28
69.39
53.34
54.22
55.08
58.01
84.19
84.66
84.79
86.11
41.61
42.57
43.62
46.94
96.78
98.68
98.90
102.44
26.17
25.78
26.97
28.69
39.31
37.84
38.59
40.30
67.95
68.04
67.13
67.20
75.19
75.70
72.87
71.84
62.81
62.59
63.11
63.99
57.85
58.77
59.32
60.67
58.00
59.32
59.97
60.99
1973:1
II
Ill
IV ....
62.33
62.76
62.57
63.21
59.96
59.90
60.19
60.02
53.57
52.69
5229
50.92
71.60
71.00
71.52
71.21
54.07
54.64
55.01
55.33
74.47
76.04
73.76
77.07
72.35
72.91
72.64
71.83
60.76
63.19
64.21
64.62
88.94
91.71
93.82
92.97
49.58
51.81
52.44
53.25
105.88
100.48
96.21
91.67
31.33
32.69
32.89
34.22
42.08
40.92
39.79
40.23
67.62
67.44
66.40
67.08
72.30
71.70
68.29
68.87
64.39
64.52
65.22
65.98
62.00
62.28
62.38
62.42
62.69
63.15
63.05
63.69
197.4:1
II
Ill
IV ....
62.59
62.82
62.14
61.72
59.55
59.78
60.01
59.03
49.56
50.01
50.44
45.04
70.32
70.08
70.17
69.19
55.45
55.95
56.22
56.70
71.55
70.98
67.09
66.95
70.12
69.06
67.77
63.77
64.57
64.38
63.55
61.60
92.45
92.11
88.16
87.05
53.36
53.23
53.48
51.30
84.93
81.21
78.51
68.21
35.41
36.98
35.19
36.15
38.95
40.53
39.78
39.38
67.85
68.60
68.19
68.49
69.62
70.22
69.44
70.15
66.78
67.63
67.51
67.50
62.35
62.52
62.25
61.28
63.18
63.37
62.63
62.12
1975:1
II
Ill .....
IV ....
60.87
61.42
62.57
63.30
59.56
60.58
61.42
62.06
46.14
47.12
50.12
51.59
69.54
70.99
71.59
71.83
57.18
57.90
58.21
58.85
54.55
53.12
58.51
59.81
59.71
58.86
60.37
61.55
57.63
56.07
56.62
57.20
82.63
79.47
79.97
80.04
47.58
46.62
47.17
47.89
63.99
65.36
69.92
72.97
36.05
34.55
35.15
37.02
35.47
32.65
35.37
37.27
69.29
68.97
69.29
69.81
69.79
69.74
69.48
69.71
69.15
68.62
69.39
70.11
61.70
62.33
62.89
63.60
61.18
61.74
62.92
63.75
1976:1
II
Ill
IV ....
64.77
65.21
65.47
66.08
63.37
63.93
64.56
65.43
54.38
54.50
55.00
55.97
73.26
74.26
74.90
75.58
59.60
60.00
60.67
61.62
65.75
68.38
68.30
69.53
64.13
65.18
65.80
69.18
58.24
58.87
60.11
61.23
82.23
81.95
82.80
83.04
48.52
49.44
50.78
52.15
80.43
82.75
81.41
91.77
36.90
37.24
38.27
38.73
39.64
41.33
42.98
44.37
70.12
69.38
69.07
68.96
69.18
69.03
68.86
68.90
71.05
69.88
69.45
69.24
64.56
64.76
65.12
66.04
65.20
65.67
65.94
66.56
1977:1
II
Ill
IV ....
66.88
68.22
69.33
69.32
66.22
66.60
67.23
68.19
58.28
59.76
60.58
61.61
76.07
76.03
76.15
77.50
62.14
62.46
63.38
64.06
73.09
78.78
82.59
80.38
72.01
75.98
76.88
78.26
64.11
65.94
67.16
69.39
83.79
86.47
87.63
88.20
55.65
57.13
58.34
61.09
94.35
104.89
104.79
103.54
38.13
39.12
39.44
38.09
46.45
46.84
46.20
46.86
69.49
70.24
70.22
70.09
69.32
70.51
70.49
70.04
69.84
70.27
70.25
70.37
66.72
67.79
68.46
68.99
67.45
68.78
69.88
69.78
1978:1
II
Ill
IV ....
69.59
72.24
72.90
73.72
68.56
70.02
70.34
70.87
60.15
64.75
63.74
64.22
77.91
78.72
79.46
80.35
64.97
65.89
66.34
66.64
82.29
87.42
89.92
91.27
78.70
84.27
86.39
88.01
69.74
75.47
77.77
80.03
86.93
94.43
99.46
103.00
62.00
66.96
68.23
69.99
104.21
109.16
110.69
110.40
39.02
43.09
43.52
45.21
49.99
50.10
50.87
51.53
70.23
72.08
72.63
73.27
70.22
71.70
71.83
72.39
70.47
72.61
73.47
74.17
69.04
71.74
72.33
73.19
70.16
72.67
73.39
74.32
1979:1
II
Ill
IV ....
73.76
73.92
74.39
74.57
71.29
71.18
71.77
72.05
63.56
62.12
63.84
62.08
80.70
80.31
81.01
81.68
67.44
67.93
68.13
68.74
90.81
91.46
89.60
87.31
88.73
88.12
89.68
88.60
81.88
81.72
84.31
84.29
103.04
104.99
110.25
113.78
72.45
71.54
73.10
71.77
107.81
105.91
104.49
100.39
45.18
45.30
46.88
49.70
51.51
51.68
50.82
51.85
72.50
73.18
73.24
73.82
72.21
72.87
72.56
72.73
72.95
73.65
74.00
74.88
73.41
73.38
74.38
74.75
74.38
74.63
75.27
75.45
1980:1
II
Ill
IV ....
74.93
73.13
73.06
74.50
71.98
70.35
71.06
71.90
61.28
54.41
56.95
58.75
81.41
80.32
80.09
80.48
69.02
68.61
69.43
70.31
87.25
77.74
72.20
80.75
87.50
79.46
80.32
83.77
85.30
80.73
81.40
83.22
115.72
112.94
114.35
118.07
72.41
67.27
67.65
68.72
93.25
75.31
76.71
84.80
51.25
52.23
52.05
51.78
51.98
48.23
44.76
47.15
74.90
75.04
74.09
73.94
74.84
76.46
75.62
75.61
75.19
74.22
73.20
72.92
74.96
73.41
74.34
74.97
75.82
73.95
73.82
75.08
1981:1
II
Ill
IV ....
75.89
75.22
76.12
75.17
72.17
72.18
72.49
71.93
60.54
58.06
59.93
55.52
81.20
81.34
81.25
81.30
69.81
70.46
70.59
70.72
88.54
83.81
89.14
85.66'
84.33
84.58
84.44
83.94
84.48
85.95
87.96
89.87
117.41
121.67
124.57
133.81
70.72
71.10
72.74
71.70
83.35
80.15
73.83
66.34
52.67
53.01
51.82
52.24
49.11
49.24
48.71
50.07
74.86
74.99
74.81
75.30
77.02
79.24
79.19
79.64
73.49
72.07
71.79
72.30
75.24
75.34
75.39
74.90
76.54
75.81
76.76
75.90
1982:1
II
Ill
IV ....
73.92
74.22
73.86
73.96
72.37
72.56
72.99
74.17
57.41
57.60
58.00
60.74
81.37
81.39
81.77
82.48
71.00
71.31
71.77
72.82
76.64
76.11
75.11
69.28
81.19
78.21
75.95
76.30
87.48
84.19
81.41
79.86
129.55
125.26
118.76
116.42
70.07
67.19
65.93
64.69
62.55
60.53
59.76
65.55
50.10
50.49
48.20
46.03
48.68
47.86
50.03
48.08
75.09
75.54
76.06
77.19
79.59
80.36
81.63
83.74
71.98
72.19
72.14
72.55
74.64
74.57
74.02
75.05
74.47
74.86
74.35
74.42
1983:1
II
Ill
IV ....
74.67
76.29
77.65
79.10
74.80
76.31
77.42
78.64
61.39
66.05
68.56
72.06
82.87
83.58
84.73
85.45
73.60
74.77
75.50
76.44
71.34
78.15
83.68
91.77
77.66
80.85
85.39
90.13
78.13
78.98
82.32
87.83
111.70
106.32
108.89
112.26
64.18
67.53
71.14
77.46
75.70
85.53
93.34
95.90
46.75
46.89
47.58
48.52
49.15
52.99
57.14
59.94
77.42
77.94
79.27
77.87
84.21
85.70
88.09
84.94
72.59
72.40
72.94
72.85
75.66
76.72
77.93
78.87
75.14
76.80
78.19
79.67
1984:1
II
Ill
IV ....
80.93
82.20
82.80
83.33
79.48
80.51
81.01
82.01
74.89
76.64
76.50
78.97
85.92
87.29
87.49
87.85
77.00
77.63
78.48
79.50
102.76
105.71
107.63
105.63
93.10
97.10
98.78
100.29
90.61
95.15
97.93
100.17
118.69
124.60
128.48
130.00
78.77
82.72
85.04
87.56
99.31
101.78
100.47
99.98
49.65
50.94
51.92
52.92
64.72
67.45
69.13
71.17
78.66
80.44
80.91
82.32
85.38
88.23
87.71
89.98
73.90
74.88
76.09
76.87
79.54
80.96
81.53
82.56
81.41
82.69
83.28
83.73
1985:1
II
Ill
IV ....
84.19
84.62
85.83
86.37
83.21
83.91
85.36
85.60
81.74
82.71
87.94
84.46
88.34
88.89
89.38
89.97
80.73
81.46
82.56
83.50
103.31
103.88
103.23
106.50
101.21
102.12
101.47
103.28
101.21
102.66
101.02
102.69
135.56
135.65
132.77
134.55
86.77
88.76
87.63
89.25
100.61
100.08
102.07
104.24
52.97
52.76
51.93
53.39
69.66
73.09
72.45
74.94
83.34
84.89
86.70
86.95
91.36
93.09
95.69
95.35
77.62
79.03
80.26
80.96
83.88
84.35
85.56
85.90
84.41
84.90
85.98
86.60
1986:1
II
Ill
IV ....
87.45
87.55
88.02
88.51
86.36
87.28
88.70
89.22
86.03
89.12
96.74
95.26
91.09
91.95
. 92.07
92.83
83.84
84.27
84.96
85.82
108.21
104.25
98.84
99.53
103.30
102.95
102.17
102.61
101.06
98.24
96.57
97.40
131.38
119.07
114.79
115.39
88.26
89.32
88.72
89.65
108.67
114.90
116.40
115.82
54.95
55.66
56.95
59.03
74.89
78.18
80.44
81.07
87.70
89.38
91.36
90.82
94.71
97.50
101.11
99.40
82.73
83.59
84.38
84.70
86.74
87.35
88.47
88.92
87.62
87.60
88.09
88.45
1987:1
II
Ill
IV ....
89.07
89.97
90.76
92.09
89.24
90.38
91.31
91.39
89.21
92.83
96.64
93.82
93.31
93.86
93.80
94.05
87.03
87.93
88.73
89.40
102.30
102.11
102.01
109.31
100.10
101.82
103.33
102.92
94.33
96.36
99.27
98.94
112.28
113.06
117.86
119.89
86.62
89.14
91.26
89.95
114.72
115.63
113.57
112.94
59.06
61.54
64.29
66.58
80.55
82.77
84.20
86.26
91.27
92.01
92.26
93.49
99.80
101.19
101.17
102.68
85.19
85.46
85.90
86.93
88.75
89.92
90.93
91.20
89.02
89.98
90.74
92.07
1988: I
II
Ill
IV ....
92.65
93.59
94.14
95.33
93.00
93.66
94.44
95.48
98.43
98.78
97.83
100.85
94.94
95.83
96.91
97.96
90.72
91.32
92.33
92.92
103.46
104.15
105.00
106.48
103.02
104.54
104.75
105.48
99.68
101.65
101.81
102.70
115.81
117.70
116.11
115.79
92.69
94.68
95.60
96.99
111.42
111.83
112.12
112.49
70.19
72.16
73.41
75.62
85.92
84.95
86.70
89.36
92.78
93.13
93.06
94.80
99.93
98.91
98.08
100.49
87.68
89.02
89.49
90.76
92.57
93.63
94.10
95.18
92.76
93.64
94.15
95.35
1989:1
II
Ill
IV ....
96.26
96.98
97.49
97.58
95.57
95.91
96.76
97.04
99.97
101.70
103.86
100.75
97.99
98.02
98.97
99.48
93.26
93.47
93.98
94.87
110.13
110.46
109.30
107.07
106.18
106.06
107.29
105.27
103.87
105.15
107.64
105.54
118.08
116.57
120.92
120.08
97.70
100.17
101.84
99.21
111.99
108.32
106.45
104.61
78.51
81.64
81.53
83.75
88.30
89.97
90.56
91.70
94.44
95.83
96.74
97.21
98.75
100.76
101.84
101.32
91.38
92.33
93.12
94.28
95.71
96.37
97.21
97.33
96.28
96.96
97.54
97.71
See footnotes at the end of the table.
:;
. :
August 1998
SURVEY OF CURRENT BUSINESS
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Year and
quarter
Government
Exports and imports of
goods and services
Gross private domestic investment
Personal consumption expenditures
Fixed investment
GDP
Total
Durable
goods
Nondurable goods
Services
fPresidential
Total
Total
Total
Structures
PDE
Residential
Exports
Imports
Total
Federal
State and
local
Final
sales of
domestic
product
GNP
1990:1
II
Ill
IV ....
98.53
98.83
98.36
97.35
97.85
97.98
98.31
97.55
104.64
101.40
100.38
97.50
99.80
99.63
99.85
98.98
95.28
96.33
97.01
96.75
106.60
107.97
103.47
94.40
106.54
103.54
102.52
98.85
106.72
104.58
105.43
102.88
122.08
121.49
121.27
115.87
100.03
97.21
98.53
97.22
106.12
101.00
95.28
88.81
86.83
88.65
87.86
89.76
93.02
94.70
94.63
92.14
98.64
98.77
98.66
99.70
102.83
102.85
101.93
102.95
95.65
95.87
96.33
97.38
98.51
98.24
98.22
97.93
98.68
98.92
98.41
97.70
1991:1
II
Ill
IV ....
96.85
97.28
97.53
97.77
96.79
97.40
97.62
97.38
93.87
94.26
95.66
94.46
98.40
98.96
98.88
98.02
96.51
97.18
97.33
97.62
91.73
90.90
94.35
96.56
94.79
94.38
94.59
94.72
99.50
98.76
97.74
96.71
113.58
110.63
103.73
101.34
93.38
93.59
95.14
94.70
83.07
83.49
86.73
89.75
89.51
93.88
94.40
97.50
89.18
92.29
94.69
95.88
99.91
100.00
99.31
98.97
103.65
103.62
101.57
99.80
97.24
97.42
97.70
98.38
97.24
97.73
97.56
97.54
97.10
97.30
97.50
97.83
1992:1
II
Ill
IV ....
98.90
99.52
100.26
101.32
98.91
99.45
100.16
101.48
97.45
98.49
100.70
103.36
99.44
99.26
99.95
101.36
98.91
99.74
100.17
101.17
95.93
100.30
101.02
102.75
96.79
99.87
100.49
102.85
97.58
99.93
100.48
102.01
102.07
101.07
98.97
97.89
95.62
99.42
101.14
103.82
94.84
99.71
100.53
104.93
99.00
99.44
100.05
101.52
96.84
99.91
100.23
103.02
99.59
99.51
100.22
100.69
99.45
99.11
100.31
101.14
99.69
99.79
100.15
100.37
99.01
99.46
100.19
101.34
98.99
99.52
100.24
101.26
1993:1
II
Ill
IV ....
101.34
101.85
102.39
103.72
101.59
102.44
103.48
104.22
103.18
106.29
108.47
110.97
101.19
101.97
102.64
103.02
101.49
101.93
102.93
103.53
106.96
107.05
108.63
114.37
104.00
106.08
107.79
112.43
103.57
106.67
107.96
112.13
99.32
100.66
101.50
102.33
105.43
109.32
110.80
116.51
105.08
104.67
107.38
113.10
101.22
103.24
101.07
106.21
104.93
108.03
109.04
113.56
98.92
99.16
98.95
99.29
97.00
96.19
94.98
94.95
100.30
101.29
101.81
102.40
100.96
101.72
102.28
103.47
101.53
101.93
102.55
103.74
1994:1
II
Ill
IV ....
104.49
105.70
106.17
107.11
105.21
105.98
106.60
107.45
112.72
113.77
114.99
118.02
104.28
104.81
105.40
106.10
104.21
105.06
105.58
106.08
118.91
124.96
123.00
126.89
113.32
116.56
117.78
119.79
112.25
114.94
117.08
120.62
98.31
103.13
102.86
103.45
118.51
120.22
123.49
128.42
115.84
120.37
119.44
117.90
105.73
110.12
112.93
116.88
115.65
120.79
124.56
127.54
98.27
98.38
100.35
99.37
92.28
91.13
94.02
91.23
102.57
103.59
104.89
105.21
103.78
104.64
105.50
106.21
104.56
105.66
106.08
106.97
1995:1
||
III
IV ....
107.58
107.68
108.57
109.31
107.95
108.86
109.57
110.19
117.74
119.44
121.86
123.30
106.70
107.11
107.31
107.85
106.68
107.69
108.34
108.86
128.22
124.24
124.42
127.20
122.17
122.26
123.28
125.49
125.19
127.30
127.58
129.47
106.11
107.43
107.31
106.28
133.87
136.34
136.81
140.15
115.21
110.63
113.33
116.22
119.47
121.05
126.10
129.20
130.57
132.85
133.51
134.67
99.40
99.70
99.51
98.48
90.65
90.20
89.60
86.10
105.69
106.51
106.62
107.37
106.80
107.42
108.41
109.07
107.68
107.85
108.53
109.45
1996:1
II
Ill
IV ....
110.21
111.84
112.42
113.59
111.19
112.48
113.00
113.81
125.06
128186
128.24
130.50
108.45
109.73
110.05
110.84
109.92
110.75
111.57
112.13
130.22
135.72
141.46
141.20
129.10
133.20
136.21
137.91
133.50
137.02
141.64
144.66
107.94
109.87
112.24
118.57
145.36
149.64
155.38
156.62
118.84
124.24
123.71
122.48
130.37
132.23
132.92
142.48
138.88
143.35
147.99
150.53
99.27
100.98
100.58
100.59
87.78
89.51
88.45
87.02
107.51
109.22
109.30
110.33
110.04
111.50
111.75
113.15
110.34
111.89
112.33
113.58
1997:1
II
Ill
IV ....
114.77
115.89
117.08
117.94
115.02
115.47
117.23
118.04
134.34
133.82
139.12
140.17
111.81
111.75
113.16
113.05
112.98
113.87
115.19
116.41
146.32
153.24
153.82
157.12
139.90
143.85
147.98
149.28
147.14
152.04
158.13
158.86
119.71
117.81
121.29
121.56
159.77
168.20
175.62
176.58
123.41
125.26
125.14
127.64
145.35
150.70
154.53
156.21
157.10
163.72
169.00
171.59
101.10
101.63
101.99
102.01
86.43
87.20
86.92
86.46
111.65
112.01
112.82
113.19
113.96
114.72
116.33
116.95
114.58
115.73
116.81
117.51
;
1. Government consumption expenditures and gross investment.
GDP Gross domestic product
GNP Gross national product
PDE Producers' durable equipment
August 1998
SURVEY OF CURRENT BUSINESS
• 159
Table 3.—Price Indexes and the Gross Domestic Product and Gross Domestic Purchases Implicit Price Deflators
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Implicit price
Price indexes (chain-type)
Percent change from
(JQf|atnrc
Year and
quarter
Private fixed investment
Personal consumption expenditures
Nonresidential
GDP
Total
Durable
goods
Nondurable
goods
Services
Total
Total
Structures
PDE
type price inde
Government2
Residential
Exports •
Imports'
Total
Federa
State
and
local
Gross
domestic
purchases
GNP
GDP
GNP
GDP
Gross
domestic
purchases
GNP
1929
13.12
13.05
23.29
13.79
11.00
12.08
13.43
8.45
17.01
8.75
16.72
11.99
8.81
8.99
7.09
12.80
13.11
13.13
13.12
1930
1931
1932
1933
1934
12.60
11.34
10.05
9.78
10.27
12.49
11.14
9.82
9.47
9.91
21.91
19.61
17.37
16.85
17.77
13.06
11.17
9.55
9.49
10.49
10.71
10.01
9.11
8.50
8.32
11.59
10.72
9.46
9.30
9.78
12.80
11.92
10.78
10.59
10.98
8.00
7.32
6.34
6.40
6.43
16.32
15.46
14.58
14.00
14.83
8.56
7.75
6.31
6.23
6.92
15.14
11.90
10.33
10.34
11.98
10.22
8.26
6.62
6.35
7.21
8.54
8.11
7.40
7.62
8.19
8.56
8.51
8.15
8.28
8.83
6.90
6.48
5.84
6.04
6.51
12.26
11.05
9.77
9.49
9.95
12.60
11.34
10.05
9.78
10.27
12.65
11.34
10.02
9.74
10.27
12.65
11.34
10.02
9.74
10.28
-3.9
-10.0
-11.4
-2.6
-4.2
-9.9
-11.6
-2.8
-3.9
-10.0
-11.4
-2.6
4.9
4.8
5.0
1935
1936
1937
1938
1939
10.46
10.58
10.96
10.75
10.61
10.15
10.24
10.61
10.37
10.27
17.67
17.78
18.51
18.56
18.37
10.87
10.90
11.28
10.73
10.55
8.44
8.60
8.92
9.00
9.00
9.82
9.92
10.78
10.92
10.85
11.09
11.07
11.98
12.07
11.94
6.73
6.73
7.64
7.50
7.42
14.68
14.65
15.46
15.82
15.64
6.82
7.15
7.85
8.09
8.13
12.27
12.64
13.40
12.78
12.55
7.33
7.84
8.75
8.09
8.49
8.21
8.50
8.65
8.67
8.51
8.79
9.58
9.70
9.84
9.64
6.56
6.58
6.74
6.69
6.58
10.14
10.27
10.66
10.45
10.33
10.46
10.58
10.97
10.75
10.61
10.47
10.59
11.04
10.72
10.61
10.47
10.59
11.04
10.72
10.61
1.9
1.2
3.6
1.8
1.3
3.8
1.9
1.2
3.6
-1.9
-1.3
-2.0
-1.1
-1.9
-1.3
10.73
11.43
12:34
13.03
13.37
10.35
10.99
12.35
13.48
14.26
18.55
19.88
23.17
25.21
28.25
10.64
11.54
13.44
15.02
15.86
9.05
9.29
9.77
10.27
10.76
11.12
11.95
13.09
13.66
14.12
12.21
13.02
14.37
14.83
15.13
7.54
8.07
9.00
9.78
9.99
16.06
17.10
18.76
18.85
19.22
8.37
9.15
9.83
10.65
11.69
13.59
14.86
17.99
19.70
22.18
9.06
9.57
10.96
11.79
12.39
8.58
9.07
9.05
9.19
9.11
9.73
10.12
9.84
9.92
9.79
6.63
7.06
7.74
8.27
8.61
10.44
11.10
11.96
12.63
12.94
10.73
11.43
12.34
13.03
13.37
10.75
11.50
12.35
13.02
13.36
10.76
11.50
12.35
13.02
13.36
1.1
6.5
8.0
5.6
2.6
1.0
6.3
7.8
5.6
2.5
1.1
6.5
8.0
5.6
2.6
1945
1946
1947
1948
1949
13.72
15.35
17.08
18.08
18.09
14.83
15.89
17.53
18.54
18.40
29.77
31.00
33.82
35.59
36.08
16.54
18.04
20.37
21.58
20.87
11.12
11.64
12.36
13.06
13.42
14.56
16.33
19.17
20.84
21.28
15.51
17.53
20.38
22.20
22.77
10.44
11.74
14.23
15.84
15.82
19.53
22.12
25.03
26.95
28.06
12.49
13.63
16.32
17.69
17.92
22.04
21.33
24.79
26.10
24.52
12.74
14.20
17.01
18.49
17.62
9.21
11.43
12.56
13.14
13.57
9.89
12.64
13.75
13.79
14.47
8.90
9.74
10.91
12.20
12.31
13.29
14.97
16.64
17.64
17.68
13.72
15.35
17.09
18.09
18.10
13.72
15.37
17.10
18.09
18.09
13.72
15.38
17.10
18.10
18.10
1950
1951
1952
1953
1954
18.26
19.51
19.92
20.18
20.41
18.63
19.89
20.30
20.57
20.77
36.31
38.81
39.10
38.65
37.93
20.96
22.70
22.95
22.85
22.92
13.81
14.40
14.98
15.74
16.22
21.75
23.70
24.30
24.43
24.64
23.25
25.61
26.23
26.34
26.63
15.98
17.80
18.25
18.61
18.39
28.81
31.55
32.28
32.12
32.97
18.35
19.67
20.21
20.35
20.43
23.87
26.98
27.18
27.10
26.76
18.72
22.62
21.80
20.87
21.15
13.64
14.57
14.79
14.98
15.34
14.50
15.18
15.21
15.36
15.77
12.43
13.70
14.31
14.60
14.86
17.91
19.19
19.55
19.77
20.02
18.26
19.51
19.92
20.18
20.42
18.28
19.59
19.93
20.18
20.41
1955
1956
1957
1958
1959
20.71
21.44
22.18
22.72
22.95
20.85
21.28
21.92
22.47
22.81
37.70
38.73
40.14
40.92
41.38
22.78
23.10
23.78
24.35
24.49
16.56
16.99
17.47
17.97
18.47
25.04
26.70
27.58
27.75
27.95
26.99
29.45
30.87
31.18
31.51
18.76
20.38
21.26
21.04
21.16
33.26
36.40
38.27
39.20
39.74
20.85
21.39
21.44
21.39
21.43
27.01
27.92
28.97
28.71
28.74
21.04
21.41
21.65
20.75
20.94
16.00
16.86
17.60
18.12
18.10
16.65
17.44
18.20
18.95
18.61
15.14
16.12
16.83
17.05
17.45
20.30
21.01
21.70
22.21
22.44
20.71
21.44
22.18
22.73
22.95
1960
1961
1962
1963
1964
23.27
23.54
23.84
24.12
24.48
23.19
23.44
23.69
23.99
24.31
41.18
41.27
41.47
41.61
41.82
24.84
24.99
25.18
25.48
25.80
18.96
19.33
19.62
19.94
20.28
28.08
28.03
28.03
27.98
28.15
31.61
31.50
31.48
31.53
31.69
21.13
21.01
21.18
21.38
21.68
39.99
39.90
39.66
39.52
39.50
21.58
21.61
21.65
21.48
21.65
29.10
29.51
29.48
29.44
29.64
21.14
21.14
20.89
21.30
21.75
18.34
18.66
19.15
19.61
20.15
18.75
19.01
19.42
19.90
20.58
17.82
18.24
18.83
19.25
19.63
22.75
23.00
23.28
23.58
23.94
1965
1966
1967
1968
1969
24.95
25.66
26.48
27.64
28.94
24.69
25.34
26.01
27.04
28.16
41.44
41.25
41.89
43.28
44.47
26.27
27.14
27.78
28.85
30.19
20.72
21.32
22.03
22.97
23.91
28.64
29.25
30.08
31.31
32.87
32.06
32.55
33.40
34.59
36.04
22.31
23.11
23.84
25.03
26.68
39.55
39.67
40.59
41.70
42.88
22.26
23.07
23.87
25.14
26.88
30.61
31.55
32.80
33.48
34.54
22.05
22.56
22.65
23.00
23.60
20.73
21.56
22.47
23.74
25.19
21.19
21.89
22.55
23.84
25.13
20.17
21.14
22.35
23.60
25.23
1970
1971
1972
1973
1974
30.48
32.05
33.42
35.30
38.46
29.49
30.82
31.90
33.62
37.03
45.44
47.10
47.60
48.29
51.35
31.66
32.65
33.74
36.39
41.59
25.20
26.73
27.91
29.17
31.41
34.28
36.05
37.64
39.74
43.69
37.76
39.59
41.00
42.59
46.75
28.42
30.61
32.83
35.38
40.24
44.48
45.88
46.51
47.30
50.85
27.74
29.35
31.14
33.89
37.39
36.04
37.27
38.50
43.78
54.11
24.99
26.53
28.44
33.44
48.04
27.21
29.33
31.46
33.88
37.45
27.08
29.42
32.00
34.51
37.89
1975
1976
1977
1978
1979
42.09
44.55
47.42
50.88
55.22
40.04
42.32
45.13
48.41
52.76
56.04
59.16
61.73
65.23
69.62
44.83
46.53
49.18
52.59
58.33
33.97
36.50
39.46
42.62
46.08
49.22
52.12
56.19
61.09
66.71
53.30
56.33
60.05
64.38
69.71
45.03
47.22
50.95
56.30
62.88
58.59
62.19
65.90
69.59
74.13
40.86
43.49
47.99
53.72
59.75
59.72
61.62
64.17
68.16
76.48
52.13
53.69
58.54
62.68
73.39
41.36
43.99
47.11
50.28
54.82
1980
1981
1982
1983
1984
60.34
66.01
70.18
73.16
75.92
58.49
63.73
67.40
70.46
73.14
75.56
80.64
83.81
85.48
86.71
65.30
70.57
72.81
74.64
76.71
50.96
56.17
60.80
64.86
68.17
73.03
79.94
84.47
84.38
85.01
75.96
83.48
88.28
87.52
87.48
68.66
78.22
84.45
82.23
82.94
80.67
86.60
90.24
90.58
90.04
66.22
71.62
75.45
77.19
79.41
84.17
90.31
90.76
91.32
92.30
91.45
96.39
93.13
89.64
88.90
1985
1986
1987
1988
1989
78.53
80.58
83.06
86.10
89.72
75.84
78.00
80.96
84.32
88.44
87.76
88.91
91.59
93.28
95.29
78.72
78.73
81.82
84.83
89.28
71.62
75.28
78.23
82.16
86.55
86.20
88.56
90.44
93.25
95.85
88.31
90.22
91.34
93.73
96.16
84.86
86.47
87.85
92.10
95.61
90.15
92.24
93.22
94.59
96.45
81.45
84.87
88.34
92.06
95.08
89.82
88.54
90.99
96.00
97.91
1990
1991
1992
1993
1994
93.64
97.32
100.00
102.64
105.09
92.91
96.82
100.00
102.66
105.15
96.59
98.54
100.00
101.22
103.27
94.62
98.06
100.00
101.46
102.77
91.22
95.78
100.00
103.62
106.85
98.24
99.63
100.00
101.53
103.40
98.42
99.93
100.00
100.65
101.89
98.78
100.09
100.00
103.26
107.00
98.23
99.84
100.00
99.57
99.86
97.80
98.85
100.00
103.71
107.11
1995
1996
1997
107.51
109.54
111.57
107.56
109.75
111.81
103.72
102.75
100.66
103.96
106.08
107.69
110.37
113.32
116.61
104.81
104.68
104.45
102.40
101.46
100.15
111.41
114.33
118.22
99.00
96.80
93.88
194? I .
II
Ill
IV ....
1672
16.91
17.17
17.53
1717
17.29
17.61
18.05
3364
33.68
33.75
34.20
1992
20.08
20.43
21.06
1205
12.16
12.48
12.74
1839
19.01
19.44
19.83
19 64
20.17
20.67
21.04
13.87
13.92
14.34
14.81
1948:1
II
Ill
IV ....
17.75
17.97
18.30
18.30
18.26
18.46
18.74
18.68
34.49
35.03
36.37
36.46
21.39
21.60
21.79
21.54
12.81
12.96
13.17
13.28
20.08
20.57
21.22
21.49
21.22
21.87
22.67
23.05
1949:1
II
Ill
IV ....
18.25
18.13
17.99
18.00
18.54
18.42
18.32
18.33
36.36
36.16
35.84
35.95
21.22
20.95
20.72
20.59
13.31
13.36
13.44
13.56
21.43
21.41
21.18
21.10
22.85
22.83
22.78
22.64
1940
1941
1942
1943
1944
.
See footnotes at the end of the table.
2.6
2.7
2.6
11.9
11.3
12.6
11.2
11.9
11.3
5.9
.1
6.0
.2
5.9
.1
18.29
19.60
19.94
20.19
20.41
.9
6.8
2.1
1.3
1.2
1.3
7.1
1.9
1.1
1.3
.9
6.8
Z1
1.3
1.2
20.74
21.47
22.18
22.71
22.95
20.75
21.47
22.18
22.72
22.96
1.5
3.5
3.4
2.5
1.0
1.4
3.5
3.3
2.3
1.0
1.5
3.5
3.4
2.5
1.0
23.27
23.54
23.85
24.13
24.49
23.27
23.54
23.84
24.12
24.48
23.28
23.55
23.85
24.13
24.49
1.4
1.2
1.3
1.2
1.5
1.4
1.1
1.2
1.3
1.6
1.4
1.2
1.3
1.2
1.5
24.39
25.07
25.83
26.95
28.21
24.96
25.68
26.49
27.65
28.95
24.96
25.67
26.49
27.64
28.94
24.97
25.68
26.50
27.66
28.96
1.9
2.8
3.2
4.4
4.7
1.9
2.8
3.0
45
47
2.0
2.8
3.2
4.4
4.7
27.31
29.23
30.97
33.32
37.00
29.73
31.32
32.71
34.64
38.17
30.49
32.07
33.43
35.32
38.48
30.48
32.06
33.42
35.30
38.47
30.50
32.08
33.44
35.32
38.49
5.3
5.2
4.2
5.6
8.9
5.4
53
4.5
5.9
10.2
5.3
5.2
4.2
5.6
8.9
41.95
44.63
48.18
51.47
56.10
40.80
43.38
46.19
49.26
53.73
41.72
44.15
47.18
50.65
55.22
42.11
44.58
47.45
50.91
55.26
42.09
44.55
47.43
50.89
55.23
42.11
44.58
47.46
50.92
55.26
9.4
5.8
6.5
7.3
8.5
9.3
5.8
6.9
7.4
9.0
9.4
5.8
6.4
7.3
8.5
60.86
66.84
71.32
74.51
78.23
62.20
68.31
72.94
76.08
80.36
59.70
65.57
69.93
73.16
76.40
61.10
66.72
70.64
73.31
75.90
60.37
66.05
70.22
73.20
75.97
60.33
66.01
70.17
73.16
75.92
60.36
66.05
70.21
73.20
75.97
9.3
10.7
9.4
6.3
4.3
3.8
9.2
5.9
3.8
3.5
9.3
9.4
6.3
4.3
3.8
85.99
85.95
90.99
95.35
97.81
81.01
82.69
85.15
87.39
90.21
82.74
83.96
85.26
87.18
89.79
79.51
81.59
85.02
87.52
90.51
78.34
80.40
83.11
86.13
89.78
78.57
80.62
83.08
86.12
89.75
78.53
80.58
83.06
86.09
89.72
78.57
80.62
83.09
86.12
89.75
3.4
2.6
3.1
3.7
4.2
3.2
2.6
3.4
3.6
4.2
3.4
2.6
3.1
3.7
4.2
98.74
100.31
100.00
100.07
101.24
100.37
100.02
100.00
98.75
99.39
94.06
97.45
100.00
102.50
104.85
92.92
96.88
100.00
102.51
104.84
94.91
97.86
100.00
102.49
104.85
93.83
97.30
100.00
102.48
104.85
93.66
97.33
100.00
102.64
105.08
93.60
97.32
100.00
102.64
105.09
93.63
97.33
100.00
102.63
105.08
4.4
3.9
2.8
2.6
2.4
4.5
3.7
2.8
2.5
2.3
4.4
3.9
2.7
2.6
2.4
110.90
113.03
115.96
103.39
101.60
99.53
101.61
99.36
95.72
108.12
110.80
113.20
108.17
111.35
113.58
108.09
110.48
112.96
107.28
109.18
110.92
107.49
109.51
111.51
107.51
109.53
111.57
107.49
109.50
111.52
2.3
1.9
1.9
2.3
1.8
1.6
2.3
1.9
1.8
23.98
24.92
25.48
25.72
15.51
16.26
16.55
16.95
23.02
24.42
25.53
26.19
1536
16.66
17.68
18.34
12.57
12.59
12.51
12.57
14.04
13.94
13.60
13.44
10.57
10.74
10.98
11.34
16.30
16.47
16.72
17.07
16.72
16.92
17.18
17.53
16.93
16.91
17.05
17.49
16.93
16.91
17.06
17.49
4.7
6.2
8.6
4.4
6.1
8.7
4.8
6.3
8.6
15.23
15.69
16.14
16.32
25.68
26.46
27.55
28.10
17.29
17.50
17.92
18.03
26.42
26.33
26.04
25.63
18.68
18.69
18.45
18.12
12.84
12.98
13.32
13.41
13.61
13.66
13.93
13.96
11.75
11.99
12.43
12.61
17.30
17.52
17.86
17.87
17.76
17.97
18.31
18.31
17.69
17.93
18.33
18.40
17.70
17.94
18.34
18.41
5.2
5.0
7.7
0
5.4
5.2
7.9
.2
5.2
4.9
7.6
0
16.02
15.80
15.72
15.75
28.01
28.19
28.17
27.87
18.15
18.12
17.69
17.69
25.16
24.67
24.27
24.00
17.82
17.61
17.51
17.55
13.68
13.60
13.43
13.57
14.53
14.54
14.25
14.57
12.49
12.29
12.27
12.20
17.82
17.72
17.59
17.61
18.25
18.14
18.00
18.01
18.28
18.09
17.98
18.02
18.29
18.10
17.99
18.02
-1.2
-2.5
-31
-1.1
-5.3
-2.9
-1.2
-2.5
-3.1
.2
.5
.2
160
• August 1998
SURVEY OF CURRENT BUSINESS
Table 3.—Price Indexes and the Gross Domestic Product and Gross Domestic Purchases Implicit Price Deflators—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Price indexes (chain-type)
Year and
quarter
Personal consumption expenditures
Government
Nonresidential
GDP
Total
Durable
goods
Nondurable
goods
Services
Implicit price
deflators
Private fixed investment
Total
Total
Structures
PDE
Residential
Exports'
Imports'
Total
Federal
2
State
and
local
Gross
domestic
purchases
GNP
GDP
GNP
Percent change rom
preceding period for
type price index
GDP
Gross
domestic
purchases
GNP
1950:1
II
Ill
IV ....
17.94
18.02
18.38
18.70
18.30
18.39
18.77
19.09
35.75
36.05
36.46
36.96
20.47
20.58
21.17
21.62
13.65
13.69
13.86
14.03
21.10
21.42
22.03
22.46
22.65
22.85
23.35
24.14
15.69
15.64
15.97
16.64
27.96
28.39
29.03
29.88
17.68
18.13
18.82
18.79
23.62
23.66
23.88
24.33
17.95
18.30
18.88
19.74
13.50
13.46
13.68
13.93
14.52
14.36
14.48
14.63
12.09
12.19
12.54
12.90
17.57
17.66
18.04
18.37
17.94
18.02
18.39
18.70
17.94
18.01
18.42
18.73
17.95
18.02
18.42
18.73
-1.4
1.8
8.3
7.1
-0.8
2.1
8.7
7.5
-1.4
1.8
8.3
7.0
1951:1
II
Ill
IV ....
19.35
19.44
19.50
19.74
19.71
19.85
19.87
20.13
38.57
38.74
38.76
39.19
22.54
22.71
22.63
22.92
14.21
14.32
14.44
14.64
23.27
23.63
23.82
24.08
25.08
25.53
25.77
26.06
17.31
17.72
18.00
18.15
31.02
31.47
31.64
32.06
19.39
19.62
19.74
19.93
25.72
26.70
27.54
27.95
21.34
22.55
23.23
23.37
14.57
14.44
14.55
14.72
15.40
15.02
15.06
15.23
13.36
13.58
13.84
14.02
19.02
19.13
19.18
19.41
19.35
19.44
19.51
19.75
19.46
19.55
19.56
19.79
19.46
19.56
19.57
19.79
14.6
2.0
1.3
5.0
15.0
2.2
1.2
4.9
14.6
2.0
1.3
5.0
1952:1
II
Ill
IV ....
19.75
19.84
19.98
20.09
20.21
20.22
20.35
20.41
39.43
39.03
39.32
38.64
22.94
22.88
22.95
23.03
14.75
14.89
15.06
15.22
24.26
24.35
24.31
24.29
26.30
26.32
26.11
26.17
18.32
18.24
18.20
18.25
32.36
32.47
32.10
32.18
20.01
20.19
20.38
20.26
27.32
27.20
27.12
27.07
22.37
21.98
21.60
21.25
14.49
14.72
14.89
15.08
14.87
15.15
15.27
15.56
14.04
14.20
14.50
14.48
19.41
19.49
19.61
19.70
19.76
19.85
19.99
20.09
19.77
19.82
20.03
20.12
19.77
19.82
20.03
20.12
.2
1.8
2.8
2.1
-.1
1.7
2.6
1.8
.2
1.8
2.8
2.1
1953:1
II
Hi
IV ....
20.10
20.13
20.21
20.27
20.48
20.50
20.61
20.69
38.90
38.85
38.49
38.38
22.90
22.80
22.85
22.84
15.46
15.62
15.85
16.04
24.26
24.40
24.61
24.46
26.12
26.33
26.56
26.37
18.30
18.57
18.81
18.77
32.01
32.14
32.34
31.98
20.27
20.29
20.47
20.38
27.20
27.15
27.08
26.98
21.03
20.86
20.78
20.80
14.98
14.98
14.93
15.05
15.35
15.35
15.28
15.47
14.63
14.60
14.60
14.57
19.70
19.72
19.80
19.86
20.10
20.13
20.21
20.27
20.10
20.14
20.22
20.27
20.11
20.14
20.22
20.27
.2
.6
1.5
1.2
0
.5
1.5
1.3
.3
.6
1.5
1.2
1954:1
II
Ill
IV ....
20.36
20.43
20.42
20.44
20.81
20.82
20.74
20.72
38.84
38.26
37.45
37.17
22.91
23.02
22.92
22.82
16.15
16.17
16.23
16.33
24.45
24.63
24.73
24.75
26.43
26.70
26.69
26.72
18.52
18.33
18.33
18.35
32.39
33.15
33.14
33.18
20.28
20.33
20.56
20.55
26.83
26.75
26.71
26.72
21.06
21.14
21.20
21.21
15.14
15.29
15.41
15.52
15.62
15.68
15.83
15.95
14.55
14.88
14.95
15.04
19.97
20.04
20.04
20.06
20.36
20.43
20.43
20.44
20.34
20.39
20.42
20.47
20.35
20.39
20.43
20.47
1.8
1.3
-.1
.4
2.1
1.5
0
.4
1.8
1.3
-.1
.4
1955:1
il
Ill
IV ....
20.52
20.62
20.77
20.92
20.80
20.81
20.88
20.93
37.45
37.55
37.88
37.92
22.83
22.76
22.77
22.76
16.43
16.50
16.59
16.71
24.68
24.83
25.14
25.50
26.53
26.65
27.08
27.70
18.41
18.56
18.82
19.26
32.72
32.79
33.38
34.13
20.65
20.82
20.96
20.98
26.81
26.91
27.06
27.25
21.04
21.01
21.02
21.07
15.64
15.90
16.12
16.33
16.21
16.59
16.79
17.01
14.93
14.98
15.23
15.43
20.12
20.22
20.36
20.50
20.53
20.63
20.78
20.92
20.56
20.62
20.78
21.00
20.57
20.63
20.79
21.00
1.6
2.0
3.0
2.8
1.4
1.9
2.9
2.7
1.6
2.0
3.0
2.8
1956:1
II
Ill
IV ....
21.12
21.34
21.58
21.72
21.03
21.18
21.39
21.52
38.13
38.30
38.92
39.57
22.80
23.02
23.24
23.32
16.84
16.91
17.05
17.15
26.10
26.47
27.01
27.23
28.62
29.01
29.87
30.31
20.09
20.04
20.59
20.80
35.02
35.88
37.01
37.67
21.14
21.47
21.51
21.42
27.48
27.76
28.06
28.37
21.22
21.35
21.48
21.58
16.57
16.83
16.98
17.05
17.19
17.48
17.54
17.55
15.78
16.00
16.27
16.44
20.70
20.91
21.14
21.27
21.13
21.34
21.58
21.72
21.20
21.33
21.62
21.71
21.21
21.34
21.62
21.71
4.0
4.1
4.7
2.6
4.0
4.0
4.6
2.5
4.0
4.1
4.7
2.6
1957:1
II
Ill
IV ....
21.96
22.10
22.26
22.39
21.70
21.84
22.01
22.12
39.79
40.26
40.21
40.30
23.54
23.67
23.91
23.98
17.29
17.38
17.53
17.69
27.42
27.50
27.64
27.75
30.68
30.76
30.90
31.13
20.98
21.26
21.40
21.39,
38.21
38.05
38.16
38.67
21.34
21.40
21.55
21.48
28.77
28.99
29.08
29.06
21.75
21.74
21.65
21.47
17.40
17.55
17.66
17.77
18.02
18.11
18.24
18.44
16.61
16.85
16.93
16.91
21.50
21.63
21.78
21.90
21.96
22.10
22.27
22.39
22.01
22.15
22.27
22.29
22.01
22.16
22.28
22.30
4.5
2.6
3.0
2.3
4.3
2.5
2.8
2.1
4.5
2.6
3.0
2.2
1958:1
II
Ill
IV ....
22.60
22.71
22.77
22.82
22.40
22.46
22.49
22.52
40.96
40.90
40.94
40.87
24.38
24.43
24.35
24.24
17.81
17.88
18.02
18.17
27.60
27.75
27.81
27.82
30.95
31.20
31:29
31.30
20.89
21.02
21.09
21.16
38.91
39.26
39.36
39.29
21.37
21.39
21.39
21.41
28.86
28.76
28.65
28.56
21.04
20.82
20.63
20.52
17.89
18.10
18.20
18.29
18.68
18.93
19.03
19.14
16.88
17.02
17.12
17.18
22.09
22.20
22.25
22.29
22.60
22.71
22.78
22.82
22.56
22.64
22.77
22.88
22.56
22.64
22.77
22.88
3.8
2.0
1.1
.8
3.6
1.9
1.0
.7
3.7
2.1
1.1
.8
1959:1 ......
II
Ill
IV ....
22.86
22.92
22.96
23.05
22.67
22.74
22.86
22.98
41.24
41.46
41.40
41.42
24.35
24.41
24.55
24.65
18.32
18.38
18.53
18.66
27.99
27.95
27.96
27.90
31.59
31.50
31.53
31.40
21.03
21.14
21.22
21.24
39.50
39.75
39.97
39.72
21.42
21.44
21.43
21.45
28.67
28.60
28.70
29.00
20.90
20.88
20.90
21.08
18.18
18.16
18.00
18.06
18.80
18.72
18.43
18.51
17.39
17.44
17.45
17.50
22.35
22.41
22.45
22.53
22.87
22.93
22.97
23.05
22.92
22.91
22.94
23.03
22.93
22.91
22.95
23.04
.8
1.1
.7
1.5
1.1
1.1
.7
1.5
.8
1.1
,7
1.5
1960:1
II
Ill
IV ....
23.10
23.21
23.32
23.44
23.01
23.14
23.24
23.35
41.34
41.26
41.10
41.04
24.65
24.81
24.88
25.01
18.74
18.89
19.03
19.16
28.04
28.10
28.10
28.08
31.60
31.64
31.63
31.58
21.32
21.19
21.09
20.94
39.94
40.03
40.00
39.99
21.51
21.59
21.59
21.62
29.09
29.05
29.18
29.07
21.07
21.10
21.22
21.17
18.15
18.21
18.42
18.56
18.52
18.57
18.86
19.06
17.69
17.78
17.87
17.94
22.57
22.69
22.80
22.92
23.10
23.22
23.33
23.45
23.13
23.22
23.32
23.40
23.14
23.23
23.33
23.41
.9
2.0
2.0
2.1
.8
2.1
2.0
2.1
.9
2.0
2.0
2.0
1961:1
II
Ill
IV ....
23.48
23.51
23.55
23.61
23.41
23.40
23.47
23.50
41.06
41.25
41.42
41.36
25.06
24.93
24.99
24.97
19.23
19.29
19.36
19.43
28.01
28.09
28.00
28.00
31.52
31.59
31.42
31.45
20.94
20.98
21.01
21.09
40.04
40.14
39.74
39.69
21.55
21.64
21.64
21.62
29.20
29.59
29.51
29.73
21.18
21.15
21.12
21.11
18.55
18.64
18.66
18.80
18.98
19.01
18.96
19.09
18.02
18.18
18.31
18.45
22.96
22.97
23.01
23.06
23.49
23.52
23.56
23.62
23.45
23.51
23.56
23.63
23.46
23.52
23.57
23.64
.7
.5
.7
1.1
.6
.2
.7
.9
.7
.5
.7
1.1
1962:1
II
Ill
IV ....
23.73
23.80
23.86
23.96
23.56
23.67
23.73
23.82
41.40
41.50
41.55
41.41
25.07
25.15
25.19
25.33
19.46
19.60
19.68
19.76
28.07
28.06
28.01
27.99
31.54
31.52
31.45
31.43
21.13
21.20
21.17
21.24
39.83
39.72
39.60
39.49
21.66
21.66
21.65
21.62
29.73
29.41
29.38
29.42
20.87
20.92
20.83
20.94
19.02
19.09
19.16
19.33
19.28
19.33
19.42
19.64
18.71
18.80
18.83
18.95
23.17
23.24
23.31
23.41
23.74
23.81
23.87
23.97
23.75
23.81
23.87
23.94
23.76
23.81
23.87
23.95
2.0
1.1
1.1
1.7
1.9
1.4
1.1
1.8
2.0
1.1
1.1
1.7
1963:
I
II
Ill
IV ....
24.03
24.07
24.11
24.26
23.87
23.92
24.04
24.12
41.42
41.54
41.67
41.79
25.38
25.38
25.55
25.61
19.82
19.89
19.98
20.07
28.03
28.01
27.91
27.97
31.50
31.52
31.55
31.54
21.31
21.35
21.41
21.44
39.55
39.53
39.52
39.47
21.63
21.54
21.30
21.44
29.52
29.46
29.38
29.39
21.14
21.23
21.35
21.48
19.49
19.55
19.53
19.85
19.79
19.84
19.76
20.21
19.12
19.22
19.26
19.42
23.48
23.53
23.58
23.72
24.04
24.08
24.12
24.27
24.00
24.07
24.12
24.29
24.01
24.08
24.13
24.30
1.2
.6
.7
2.4
1.3
.8
.9
2.5
1.2
.6
.7
2.4
1964:
I
II
ill
IV ....
24.33
24.41
24.53
24.64
24.22
24.26
24.34
24.43
41.92
41.85
41.81
41.70
25.74
25.75
25.81
25.90
20.14
20.22
20.33
20.44
27.86
28.11
28.16
28.48
31.50
31.66
31.69
31.89
21.41
21.64
21.67
22.01
39.43
39.50
39.53
39.55
21.24
21.58
21.64
22.12
29.47
29.43
29.66
29.98
21.66
21.77
21.75
21.81
19.98
20.07
20.27
20.29
20.38
20.47
20.76
20.71
19.49
19.59
19.68
19.77
23.80
23.89
23.99
24.09
24.34
24.42
24.54
24.65
24.35
24.41
24.52
24.64
24.36
24.42
24.53
24.65
1.2
1.3
1.9
1.8
1.3
1.5
1.8
1.6
1.2
1.3
1.9
1.8
1965:1
II
ill
IV ....
24.76
24.88
25.01
25.16
24.52
24.66
24.76
24.84
41.78
41.60
41.35
41.06
25.99
26.22
26.38
26.47
20.54
20.65
20.77
20.90
28.47
28.55
28.61
28.91
31.89
32.01
32.12
32.23
22.06
22.22
22.27
22.70
39.50
39.55
39.70
39.46
22.10
22.12
22.11
22.72
30.69
30.60
30.63
30.51
21.99
21.89
22.05
22.28
20.46
20.57
20.77
21.10
20.87
20.98
21.21
21.69
19.96
20.07
20.24
20.41
24.19
24.31
24.44
24.61
24.77
24.89
25.02
25.18
24.77
24.88
25.01
25.17
24.78
24.89
25.02
25.18
2.0
2.0
2.1
2.5
1.6
2.0
2.2
2.8
2.0
2.0
2.1
2.5
1966:1
II
Ill
IV ....
25.30
25.50
25.82
26.03
25.04
25.23
25.44
25.64
41.03
41.16
41.33
41.49
26.81
27.04
27.26
27.45
21.02
21.20
21.41
21.62
28.77
29.28
29.28
29.66
32.19
32.52
32.59
32.90
22.64
23.15
23.18
23.48
39.45
39.57
39.68
39.97
22.40
23.21
23.07
23.59
31.01
31.29
31.66
32.25
22.39
22.62
22.56
22.69
21.21
21.34
21.78
21.90
21.66
21.61
22.16
22.14
20.66
21.01
21.31
21.58
24.73
24.93
25.22
25.41
25.31
25.51
25.83
26.04
25.32
25.53
25.79
26.02
25.34
25.54
25.81
26.03
2.2
3.2
5.1
3.4
1.9
3.2
4.8
3.1
2.2
3.2
5.1
3.4
1967:1
II
Ill
IV ....
26.16
26.32
26.57
26.87
25.72
25.86
26.12
26.35
41.40
41.59
42.06
42.51
27.51
27.61
27.89
28.11
21.75
21.92
22.12
22.33
29.81
29.94
30.11
30.48
33.10
33.27
33.46
33.78
23.58
23.70
23.87
24.21
40.27
40.47
40.67
40.94
23.63
23.71
23.84
24.30
32.84
32.75
32.71
32.89
22.71
22.63
22.63
22.65
22.06
22.30
22.58
22.94
22.13
22.37
22.63
23.08
21.95
22.19
22.49
22.76
25.52
25.67
25.92
26.21
26.17
26.33
26.59
26.89
26.14
26.31
26.60
26.90
26.15
26.32
26.61
26.91
2.0
2.5
3.9
4.6
1.6
2.5
3.9
4.5
2.0
2.5
3.9
4.6
1968:1
II
Ill
IV ....
27.19
27.50
27.75
28.12
26.65
26.91
27.17
27.44
42.84
43.07
43.41
43.81
28.41
28.69
28.99
29.31
22.62
22.87
23.08
23.31
30.81
31.11
31.29
32.02
34.06
34.40
34.67
35.25
24.54
24.85
25.05
25.69
41.16
41.50
41.83
42.32
24.71
24.95
24.95
25.94
33.11
33.82
33.38
33.60
22.81
22.98
23.02
23.18
23.27
23.56
23.88
24.27
23.34
23.63
24.05
24.35
23.15
23.46
23.66
24.15
26.52
26.80
27.06
27.43
27.21
27.51
27.76
28.14
27.21
27.49
27.75
28.12
27.22
27.50
27.76
28.13
4.8
4.5
3.7
5.5
4.9
4.2
4.0
5.5
4.9
4.5
3.7
5.5
1969:1
II
Ill
IV ....
28.38
28.74
29.14
29.51
27.67
27.99
28.31
28.64
44.07
44.37
44.57
44.86
29.56
29.98
30.42
30.79
23.52
23.77
24.02
24.32
32.36
32.71
32.98
33.41
35.50
35.83
36.20
36.64
26.06
26.48
26.84
27.36
42.45
42.68
43.03
43.37
26.44
26.82
26.92
27.33
34.08
34.10
34.57
35.40
23.28
23.38
23.56
24.16
24.47
24.91
25.50
25.90
24.39
24.79
25.54
25.82
24.51
25.01
25.44
25.95
27.66
28.02
28.40
28.77
28.39
28.75
29.15
29.52
28.39
28.73
29.14
29.51
28.40
28.75
29.16
29.52
3.7
5.2
5.7
5.2
3.5
5.3
5.6
5.2
3.7
5.2
5.7
5.2
See footnotes at the end of the table.
August 1998
SURVEY OF CURRENT BUSINESS
•
l6l
Table 3.—Price Indexes and the Gross Domestic Product and Gross Domestic Purchases Implicit Price Deflators—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Implicit price
deflators
Price indexes (chain-type)
Year and
quarter
Private fixed investment
Personal consumption expenditures
Government
Nonresidentia!
GDP
Total
Durable
goods
Nondurable
goods
Services
Total
Total
Structures
PDE
Residential
Exports»
Imports'
Total
Federa
2
Percent change from
preceding period fo
type price inde
xes
State
and
local
Gross
domestic
purchases
GNP
GDP
GNP
GDP
Gross
domestic
purchases
GNP
1970:1
II
Ill
IV ....
29.92
30.36
30.60
31.02
28.98
29.31
29.63
30.04
44.95
45.10
45.43
46.28
31.20
31.56
31.80
32.10
24.65
24.98
25.36
25.79
33.67
34.46
34.30
34.71
37.03
37.69
37.89
38.41
27.62
28.49
28.56
29.02
43.87
44.29
44.60
45.15
27.30
28.33
27.56
27.78
35.52
36.26
36.12
36.24
24.42
24.70
25.30
25.55
26.57
27.01
27.42
27.84
26.59
26.88
27.27
27.59
26.53
27.11
27.54
28.06
29.18
29.59
29.87
30.29
29.94
30.37
30.62
31.03
29.94
30.36
30.6
31.02
29.95
30.37
30.63
31.03
5.7
6.0
3.2
5.6
5.9
5.8
3.8
5.7
5.7
6.0
3.2
5.6
1971:1
II
Ill
IV ....
31.50
31.93
32.25
32.53
30.34
30.70
31.01
31.22
46.99
47.33
47.17
46.92
32.20
32.53
32.82
33.04
26,16
26.55
26.95
27.24
35.34
35.88
36.31
36.66
38.97
39.48
39.82
40.08
29.63
30.31
30.98
31.53
45.62
45.95
45.98
45.98
28.53
29.11
29.66
30.11
37.31
37.34
37.09
37.33
26.19
26.28
26.62
27.01
28.61
29.14
29.54
30.04
28.56
29.16
29.62
30.35
28.63
29.10
29.45
29.74
30.75
31.18
31.52
31.81
31.51
31.95
32.27
32.55
31.50
31.93
32.27
32.54
31.52
31.94
32.29
32.55
6.3
5.7
4.1
3.5
6.2
5.7
4.5
3.7
6.3
5.7
4.1
3.5
1972:1
II
Ill
IV ....
33.01
33.23
33.50
33.93
31.55
31.74
32.02
32.30
47.32
47.57
47.79
47.72
33.39
33.53
33.83
34.22
27.53
27.76
28.03
28.30
37.14
37.38
37.74
38.30
40.58
40.89
41.12
41.39
32.14
32.54
32.99
33.64
46.35
46.55
46.59
46.56
30.54
30.68
31.18
32.14
37.94
38.26
38.39
39.40
27.48
28.23
28.70
29.35
30.84
31.23
31.53
32.24
31.46
31.82
31.90
32.80
30.28
30.69
31.18
31.73
32.28
32.53
32.82
33.23
33.03
33.25
33.52
33.94
33.02
33.20
33.49
33.95
33.03
33.22
33.51
33.97
6.0
2.6
3.3
5.2
6.0
3.1
3.6
5.1
6.0
2.7
3.3
5.2
1973:1
II
Ill
IV ....
34.38
34.96
35.63
36.24
32.68
33.32
33.90
34.59
47.87
48.23
48.44
48.64
34.88
35.90
36.81
37.96
28.54
28.95
29.38
29.83
38.68
39.38
40.19
40.71
41.70
42.32
42.95
43.41
34.13
34.86
35.82
36.70
46.70
47.20
47.57
47.71
32.57
33.38
34.50
35.11
40.57
42.43
44.89
47.23
30.24
32.59
34.19
36.72
32.94
33.55
34.21
34.83
33.52
34.05
34.93
35.52
32.40
33.08
33.58
34.20
33.69
34.33
34.95
35.60
34.40
34.99
35.65
36.26
34.36
34.94
35.61
36.29
34.38
34.96
35.63
36.31
5.5
6.9
7.8
7.0
5.6
7.8
7.5
7.6
5.5
7.0
7.8
7.0
1974:1
II
III
IV ....
36.98
37.79
38.93
40.14
35.60
36.58
37.50
38.44
49.06
50.28
52.18
53.86
39.74
41.09
42.19
43.34
30.42
31.09
31.73
32.39
41.45
42.67
44.39
46.23
44.13
45.56
47.54
49.78
37.67
39.30
41.14
42.87
48.24
49.49
51.55
54.13
35.91
36.75
37.93
38.97
50.57
52.34
55.28
58.24
42.63
47.70
50.12
51.72
35.70
36.74
38.05
39.29
36.24
37.07
38.39
39.87
35.19
36.39
37.68
38.75
36.55
37.59
38.71
39.84
37.00
37.80
38.95
40.16
37.01
37.79
38.96
40.13
37.03
37.81
38.98
40.15
8.4
9.0
12.7
13.0
11.1
11.9
12.5
12.2
8.4
9.0
12.7
13.0
1975:1
II
III
IV ....
41.04
41.67
42.44
43.21
39.12
39.61
40.38
41.07
54.68
55.75
56.40
57.35
44.02
44.27
45.20
45.83
33.05
33.60
34.28
34.96
47.87
49.04
49.61
50.37
51.73
53.12
53.78
54.55
44.12
44.91
45.29
45.82
56.57
58.38
59.24
60.18
39.96
40.66
41.05
41.79
59.95
59.69
59.43
59.79
52.64
52.73
51.57
51.60
40.21
41.03
41.64
42.55
40.80
41.53
42.12
43.35
39.66
40.54
41.16
41.84
40.69
41.34
42.05
42.79
41.06
41.69
42.47
43.23
41.05
41.66
42.41
43.19
41.07
41.68
42.44
43.22
9.2
6.3
7.6
7.4
8.8
6.5
7.0
7.2
9.3
6.3
7.7
7.4
1976:1 ......
II
Ill
IV ....
43.68
44.17
44.78
45.56
41.53
41.91
42.58
43.28
58.05
58.73
59.41
60.46
46.00
46.13
46.71
47.26
35.57
36.07
36.80
37.55
50.85
51.77
52.51
53.36
55.17
55.91
56.67
57.54
46.08
46.92
47.61
48.29
61.05
61.71
62.50
63.50
42.02
43.25
43.95
44.73
60.63
61.34
61.69
62.80
52.43
53.27
54.23
54.83
43.05
43.65
44.21
45.04
43.58
44.08
44.82
46.05
42.53
43.20
43.62
44.17
43.26
43.76
44.42
45.16
43.70
44.19
44.81
45.59
43.69
44.15
44.77
45.57
43.72
44.18
44.80
45.60
4.4
4.6
5.7
7.2
4.5
4.7
6.1
6.9
4.4
4.6
5.7
7.2
1977:1
II
III
IV ....
46.31
47.08
47.74
48.55
44.04
44.82
45.50
46.16
60.97
61.25
61.86
62.84
48.08
48.98
49.54
50.13
38.32
39.10
39.87
40.53
54.39
55.57
56.78
58.00
58.46
59.52
60.57
61.65
49.20
50.35
51.57
52.68
64.42
65.41
66.35
67.42
45.90
47.26
48.70
50.11
63.55
64.57
64.10
64.47
56.76
58.40
59.21
59.80
45.97
46.71
47.34
48.41
47.14
47.74
48.19
49.63
44.98
45.81
46.58
47.37
45.99
46.81
47.55
48.36
46.34
47.11
47.77
48.58
46.32
47.07
47.66
48.63
46.34
47.10
47.69
48.66
6.7
6.8
5.7
7.0
7.6
7r
R4
7.1
6.7
6.9
5.7
6.9
1978:1
II
Ill
IV ....
49.39
50.43
51.32
52.37
46.96
47.99
48.88
49.79
63.60
64.66
65.78
66.90
50.90
52.18
53.15
54.13
41.37
42.24
43.03
43.85
59.18
60.52
61.70
62.98
62.64
63.86
64.92
66.09
53.97
55.57
57.03
58.63
68.23
69.19
70.02
70.91
51.55
53.07
54.42
55.86
65.78
67.47
68.55
70.85
60.82
62.28
63.25
64.36
49.09
49.86
50.58
51.58
50.22
50.89
51.67
53.10
48.12
48.95
49.63
50.32
49.19
50.22
51.11
52.08
49.42
50.46
51.35
52.40
49.42
50.41
51.27
52.35
49.45
50.44
51.30
52.39
7.1
8.6
7.3
8.4
7.0
8.6
7.G
7.9
7.1
8.6
7.3
8.4
1979:1
II
Ill
IV ....
53.46
54.70
55.82
56.92
50.86
52.10
53.39
54.71
68.00
69.17
70.01
71.31
55.67
57.53
59.30
60.83
44.61
45.47
46.53
47.71
64.30
66.00
67.59
68.96
67.51
69.03
70.49
71.81
60.21
62.04
63.96
65.29
72.24
73.57
• 74.70
76.02
58.96
58.93
60.81
62.29
73.02
75.98
77.76
79.16
66.89
70.46
75.56
80.65
52.78
54.02
55.47
57.01
54.23
55.14
56.40
58.62
51.57
53.04
54.63
55.66
53.21
54.52
55.89
57.25
53.49
54.73
55.85
56.95
53.51
54.65
55.82
56.92
53.54
54.68
55.85
56.95
8.6
9.6
8.5
8.1
9.0
10.2
10.4
10.2
8.6
9.6
8.4
8.1
1980:1
II
Ill
IV ....
58.25
59.59
60.93
62.57
56.40
57.84
59.19
60.54
73.30
74.93
76.32
77.68
63.09
64.62
66.01
67.47
48.98
50.33
51.64
52.91
70.59
72.29
73.83
75.42
73.44
75.24
76.80
78.37
66.38
67.74
69.19
71.32
78.00
80.09
81.73
82.87
63.93
65.42
66.92
68.60
81.48
82.62
84.89
87.70
87.19
90.70
93.19
94.72
58.46
60.09
61.33
63.57
59.76
61.42
62.22
65.41
57.34
58.94
60.52
62.02
58.89
60.41
61.77
63.33
58.28
59.63
60.96
62.61
58.18
59.55
61.01
62.59
58.22
59.58
61.05
62.64
9.7
9.6
9.3
11.2
12.0
10.7
9.3
10.5
9.7
9.6
9.3
11.3
1981:1
II
Ill
IV ....
64.19
65.35
66.65
67.85
62.07
63.15
64.32
65.36
78.64
80.14
81.36
82.41
69.42
70.27
71.00
71.61
54.26
55.41
56.84
58.16
77.44
79.31
80.70
82.31
80.62
82.78
84.34
86.16
74.42
77.09
79.35
82.02
84.47
86.25
87.27
88.40
70.07
71.17
72.08
73.15
90.00
90.27
90.35
90.63
97.15
97.77
95.17
95.46
65.23
66.30
67.17
68.67
66.75
67.54
68.42
70.54
63.93
65.21
66.07
67.07
64.96
66.15
67.27
68.48
64.23
65.39
66.70
67.89
64.15
65.37
66.65
67.87
64.20
65.42
66.69
67.91
10.7
7.4
8.2
7.4
10.7
7.5
7.0
7.3
10.8
7.4
8.2
7.4
1982:1
II
Ill
IV ....
68.85
69.71
70.69
71.46
66.20
66.84
67.90
68.65
83.12
83.77
84.07
84.29
72.10
72.30
73.29
73.56
59.21
60.13
61.36
62.49
83.50
84.47
84.89
85.01
87.40
88.32
88.67
88.72
83.73
84.64
84.92
84.50
89.26
90.17
90.57
90.96
74.23
75.32
75.96
76.31
91.22
91.19
90.52
90.10
95.19
93.46
92.29
91.58
69.89
70.86
71.70
72.83
71.72
72.54
73.06
74.42
68.32
69.42
70.51
71.45
69.42
70.17
71.10
71.85
68.89
69.75
70.72
71.49
68.86
69.72
70.66
71.44
68.91
69.77
70.70
71.47
6.0
5.1
5.7
4.5
5.6
4.4
5.4
4.3
6.0
5.1
5.7
4.4
1983:1
II
Ill
IV
72.12
72.84
73.50
74.19
69.23
70.11
70.92
71.59
84.87
85.15
85.68
86.22
73.54
74.51
75.13
75.36
63.44
64.36
65.35
66.30
84.61
84.34
84.20
84.37
88.05
87.60
87.25
87.19
83.02
82.14
81.95
81:83
90.91
90.79
90.33
90.31
76.68
76.87
77.25
77.94
90.57
91.00
91.39
92.32
89.70
89.78
89.79
89.28
73.54
74.27
74.82
75.42
75.25
75.97
76.32
76.79
72.06
72.81
73.52
74.23
72.33
73.03
73.65
74.24
72.16
72.88
73.54
74.24
72.08
72.83
73.48
74.19
72.12
72.87
73.52
74.24
3.7
4.1
3.7
3.8
2.7
3.9
3.4
3.2
3.8
4.1
3.7
3.9
1984:1
II
Ill
IV ....
75.00
75.62
76.25
76.82
72.25
72.87
73.44
74.00
86.16
86.66
86.91
87.10
76.23
76.51
76.83
77.29
66.97
67.82
68.60
69.29
84.46
84.91
85.20
85.47
87.12
87.49
87.58
87.71
81.94
82.74
83.28
83.78
90.11
90.20
89.99
89.87
78.40
79.02
79.78
80.41
92.50
93.15
92.24
91.30
89.56
90.10
88.52
87.43
77.20
77.89
78.58
79.24
79.44
80.02
80.67
81.29
75.28
76.05
76.78
77.48
75.04
75.65
76.19
76.71
75.04
75.66
76.30
76.87
75.02
75.58
76.25
76.81
75.06
75.63
76.29
76.85
4.4
3.3
3.4
3.0
4.4
3.3
2.9
2.7
4.4
3.3
3.4
3.0
1985:1
II
Ill
IV ....
77.64
78.25
78.80
79.44
74.74
75.52
76.14
76.95
87.58
87.74
87.76
87.98
77.89
78.56
78.85
79.57
70.17
71.14
72.08
73.08
85.75
85.87
86.31
86 86
87.93
88.04
88.43
88.82
84.38
84.56
85.01
85.49
89.84
89.90
90.26
90.59
80.82
80.99
81.54
82.47
90.33
90.22
89.44
89.30
85.39
85.74
85.54
87.28
80.07
80.68
81.18
82.10
81.94
82.38
82.75
83.89
78.46
79.21
79.83
80.56
77.38
78.02
78.58
79.37
77.68
78.29
78.84
79.48
77.63
78.25
78.76
79.45
77.67
78.29
78.80
79.49
4.3
3.2
2.8
3.3
3.6
3.3
2.9
4.1
4.3
3.2
2.8
3.3
1986:1
II
Ill
IV ....
79.81
80.26
80.81
81.44
77.48
77.56
78.18
78.78
88.12
88.44
89.31
89.76
79.40
78.12
78.52
78.88
74.11
74.95
75.66
76.42
87.38
88.16
89.04
89.66
89.15
89.91
90.69
91.13
85.88
86.29
86.65
87.08
90.88
91.87
92.88
93.33
83.47
84.27
85.37
86.37
88.87
88.47
88.03
88.77
87.48
84.73
85.35
86.25
82.09
82.31
82.76
83.61
83.73
83.83
83.93
84.37
80.68
80.99
81.74
82.94
79.77
79.97
80.60
81.25
79.85
80.29
80.85
81.48
79.81
80.22
80.84
81.45
79.85
80.26
80.88
81.49
1.9
2.2
2.8
3.2
2.0
1.0
3.2
3.3
1.9
2.2
2.8
3.2
1987:1
II
Ill
IV ....
82.11
82.68
83.35
84.08
79.72
80.51
81.36
82.25
90.47
91.29
92.07
92.53
80.49
81.45
82.34
83.01
77.03
77.70
78.54
79.65
89.90
90.18
90.45
91.22
91.14
91.18
91.16
91.89
87.05
87.43
87.96
88.97
93.36
93.20
92.88
93.45
87.08
87.88
88.75
89.63
89.25
90.73
91.22
92.75
88.45
90.78
91.62
93.09
84.40
84.95
85.46
85.80
85.04
85.20
85.37
85.45
83.82
84.71
85.50
86.05
82.07
82.74
83.44
84.19
82.15
82.71
83.38
84.11
82.09
82.68
83.33
84.09
82.12
82.71
83.36
84.12
3.3
2.8
3.3
3.6
4.1
3.3
3.4
3.6
3.3
2.8
3.3
3.6
1988:1
II
Ill
IV ....
84.69
85.56
86.67
87.46
82.77
83.77
84.88
85.85
92.38
92.90
93.56
94.26
83.33
84.31
85.41
86.28
80.43
81.56
82.77
83.86
92.23
92.92
93.44
94.41
92.78
93.38
93.88
94.89
90.58
91.66
92.59
93.57
93.95
94.29
94.56
95.58
90.89
91.76
92.35
93.24
93.88
95.89
97.16
97.08
94.28
96.06
95.13
95.92
86.59
87.19
87.70
88.08
86.45
87.04
87.53
87.71
86.67
87.27
87.80
88.34
84.81
85.68
86.58
87.44
84.72
85.59
86.70
87.49
84.67
85.56
86.66
87.44
84.69
85.59
86.69
87.47
2.9
4.2
5.3
3.7
3.0
4.2
4.3
4.0
2.9
4.2
5.3
3.7
1989:1
II
Ill
IV ....
88.44
89.40
90.13
90.91
86.94
88.20
88.83
89.80
94.69
95.12
95.54
95.82
87.41
89.52
89.72
90.49
85.07
86.02
86.95
88.18
94.97
95.62
96.14
96.69
95.41
95.84
96.43
96.95
94.27
95.34
96.03
96.78
96.01
96.11
96.64
97.04
93.87
95.03
95.40
96.02
98.17
98.34
97.69
97.42
97.62
98.78
97.22
97.61
89.27
89.89
90.54
91.16
89.27
89.56
90.14
90.19
89.23
90.11
90.81
91.89
88.47
89.52
90.14
90.98
88.46
89.43
90.17
90.95
88.45
89.39
90.13
90.88
88.48
89.42
90.16
90.91
4.5
4.4
3.3
3.5
4.8
4.8
2.8
3.8
4.5
4.5
3.3
3.5
See footnotes at the end of the table.
l62
• August 1998
SURVEY OF CURRENT BUSINESS
Table 3.—Price Indexes and the Gross Domestic Product and Gross Domestic Purchases Implicit Price Deflators—Continued
[Index numbers, 1992=100; quarterly data are seasonally adjusted]
Price indexes (chain-type)
Year and
quarter
Governmen t
Nonresidential
GDP
Total
Durable
goods
Nondurable
goods
Implicit price
deflators
Private fixed investment
Personal consumption expenditures
Services
Total
Total
Structures
PDE
Residential
Exports'
Imports •
Total
Federal
2
State
and
local
Grass
domestic
purchases
GNP
GDP
GNP
Percent change rom
preceding period for chaintype price index
GDP
Gross
domestic
purchases
GNP
1990:1
II
Ill
IV ....
92.01
93.20
94.19
95.14
91.05
92.19
93.51
94.91
96.48
96.42
96.51
96.94
92.55
93.40
95.16
97.39
89.10
90.67
91.99
93.13
97.49
97.86
98.52
99.11
97.61
97.96
98.68
99.42
97.79
98.47
99.19
99.66
97.52
97.69
98.42
99.30
97.18
97.62
98.11
98.29
97.52
97.94
98.93
100.55
98.79
97.09
99.97
105.63
92.50
93.30
94.39
96.05
91.44
92.13
93.13
95.00
93.29
94.18
95.34
96,83
92.17
93.14
94.32
95.68
92.06
93.22
94.22
95.16
92.00
93.18
94.14
95.11
92.04
93.21
94.17
95.13
4.9
5.2
4.3
4.1
5.4
4.2
5.2
5.9
5.0
5.2
4.3
4.1
1991:1
II
Ill
IV ....
96.26
97.02
97.70
98.30
95.74
96.38
97.14
98.01
97.91
98.35
98.82
99.09
97.50
97.84
98.19
98.72
94.34
95.18
96.22
97.40
99.61
99.61
99.68
99.61
100.08
99.95
99.81
99.87
100.05
100.23
100.39
99.69
100.10
99.81
99.52
99.94
98.36
98.74
99.34
98.96
100.91
100.49
99.77
100.07
102.21
99.68
98.55
99.63
96.63
97.16
97.72
98.27
95.94
96.61
97.13
97.85
97.15
97.57
98.15
98.59
96.42
96.95
97.58
98.27
96.28
97.03
97.70
98.31
96.27
97.00
97.70
98.31
96.29
97.01
97.71
98.32
4.8
3.2
2.8
2.5
3.1
2.2
2.6
2.9
4.8
3.2
2.8
2.5
1992:1
II
Ill
IV ....
99.14
99.81
100.17
100.88
98.90
99.70
100.30
101.10
99.59
100.09
100.10
100.23
99.15
99.74
100.39
100.72
98.63
99.60
100.29
101.48
99.60
99.80
100.10
100.50
99.91
99.92
100.07
100.11
99.35
99.66
100.07
100.91
100.15
100.02
100.06
99.77
98.82
99.52
100.20
101.46
99.86
100.10
100.07
99.98
98.95
99.60
101.03
100.42
99.16
99.92
100.33
100.59
99.38
100.01
100.44
100.17
99.00
99.86
100.25
100.89
99.04
99.76
100.28
100.92
99.14
99.81
100.17
100.87
99.13
99.79
•100.17
100.88
99.13
99.79
100.17
100.88
3.4
2.8
1.4
2.8
3.2
2.9
2.1
2.6
3.4
2.7
1.4
2.8
1993:1
II
Ill
IV ....
101.85
102.38
102.83
103.52
101.83
102.46
102.80
103.57
100.47
101.00
101.38
102.03
101.26
101.38
101.27
101.92
102.43
103.35
103.93
104.79
101.08
101.45
101.69
101.91
100.49
100.66
100.66
100.80
102.15
102.90
103.56
104.42
99.80
99.72
99.45
99.32
102.54
103.41
104.25
104.64
99.97
100.22
100.04
100.03
98.82
99.45
98.55
98.19
101,71
102.24
102.77
103.26
101.79
101.94
102.83
103.48
101.65
102.44
102.74
103.13
101.71
102.28
102.64
103.28
101.84
102.37
102.83
103.51
101.84
102.35
102.83
103.51
101.84
102.34
102.83
103.50
3.9
2.1
1.8
2.7
3.2
2.3
1.4
2.5
3.9
2.1
1.8
2.7
1994:1
II
Ill
IV ....
104.16
104.74
105.39
106.07
104.00
104.68
105.61
106.31
102.28
103.02
103.85
103.94
101.90
102.23
103.31
103.64
105.50
106.37
107.24
108.27
102.64
103.19
103.71
104.04
101.36
101.89
102.20
102.12
105.46
106.16
107.37
109.00
99.69
100.15
100.14
99.46
105.79
106.36
107.45
108.83
100.44
100.99
101.40
102.11
97.64
98.87
100.34
100.72
103.95
104.61
105.07
105.75
104.04
104.97
104.83
105.53
103.90
104.39
105.21
105.89
103.80
104.46
105.24
105.88
104.16
104.73
105.38
106.05
104.13
104.71
105.39
106.09
104.14
104.71
105.38
106.06
2.5
2.2
2.5
2.6
2.0
2.6
3.0
2.5
2.5
2.2
2.5
2.6
1995:1
II
Ill
IV ....
106.74
107.26
107.76
108.30
106.75
107.38
107.85
108.28
104.05
103.94
103.60
103.30
103.49
103.89
104.11
104.34
109.11
110.03
110.82
111.52
104.45
104.95
104.93
104.92
102.16
102.66
102.49
102.28
110.26
111.06
111.83
112.49
99.08
99.47
98.98
98.49
110.19
110.68
111.10
111.64
103.13
103.99
103.52
102.92
101.09
102.79
101.78
100.77
107.00
107.76
108.34
109.38
107.02
107.39
108.07
110.21
106.98
107.98
108.50
108.89
106.47
107.11
107.52
107.99
106.72
107.24
107.73
108.27
106.75
107.24
107.75
108.29
106.73
107.22
107.72
108.26
2.5
2.0
1.9
2.0
2.2
2.4
1.6
1.8
2.6
2.0
1.9
2.0
1996:1
II
Ill
IV ....
108.90
109.28
109.77
110.21
108.87
109.56
109.95
110.62
103.47
102.92
102.54
102.06
105.12
106.04
106.12
107.05
112.11
112.95
113.71
114.51
104.72
104.55
104.76
104.70
101.89
101.50
101.37
101.09
113.08
113.69
114.84
115.72
97.77
97.05
96.52
95.88
111.95
112.41
113.61
114.14
102.62
102.19
101.35
100.26
100.32
99.94
98.62
98.55
110.53
110.21
110.86
111.61
111.36
110.76
111.26
112.00
110.05
109.89
110.61
111.37
108.56
108.94
109.34
109.90
108.87
109.24
109.74
110.17
108.91
109.24
109.74
110.23
108.88
109.21
109.70
110.19
2.2
1.4
1.8
1.6
2.1
1.4
1.5
2.1
2.2
1.4
1.8
1.6
1997:1
II
Ill
IV ....
110.97
111.45
111.77
112.09
111.31
111.63
112.00
112.30
101.84
100.96
100.23
99.62
107.57
107.52
107.72
107.95
115.50
116.30
117.04
117.59
104.53
104.40
104.50
104.37
100.65
100.28
100.04
99.64
116.66
117.59
118.83
119.79
95.01
94.23
93.54
92.75
114.80
115.35
116.50
117.20
100.01
99.76
99.36
98.97
97.45
95.66
95.16
94.62
112.67
113.01
113.24
113.87
113.32
113.57
113.52
113.91
112.28
112.68
113.07
113.83
110.51
110.76
111.06
111.34
110.91
111.39
111.72
112.04
111.00
111.43
111.76
112.08
110.95
111.37
111.70
112.03
2.8
1.7
1.2
1.1
2.2
.9
1.1
1.0
2.7
1.7
1.2
1.1
1. Exports or imports of goods and services.
2. Government consumption expenditures and gross investment.
GDP Gross domestic product
PDE Producers' durable equipment
GNP Gross national product
August 1998
SURVEY OF CURRENT BUSINESS
• 163
Table 4.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supplements to
wages
and
salaries
Proprietors' income
with IVA anri
wiin ivM ana
CCAdj.
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
1 PCC
LcSS.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Persona
income
Personal
tax and
nontax
payments
Equals:
DPI
Less:
Persona
outlays
Equals:
Persona
saving
Saving
as a per
centage
of DPI
Real
DPI 1
1929
86.5
51.1
50.5
0.7
6.2
8.7
5.6
10.3
0.5
-0.8
10.6
9.2
4.6
85.2
2.3
82.9
79.4
3.5
4.3
635.3
1930
1931
1932
1933
1934
75.3
60.1
43.7
41.2
50.1
46.9
39.8
31.1
29.6
34.3
46.2
39.2
30.5
29.0
33.7
.7
.6
.6
.6
.6
4.4
3.5
2.1
2.6
2.9
7.3
5.6
3.5
3.2
4.6
4.9
4.0
3.2
2.5
2.1
7.0
2.5
-.6
_I
4C
3.4
_•
_j
—1
-1^9
49.9
46.8
53.7
74.2
63.9
48.8
45.6
524
71.4
61.6
49.5
46.6
52.1
2.8
2.2
_7
1.2
2.3
2.1
1.5
1.1
1.2
1.3
3.8
3.5
-15
1.7
3.1
4.8
4.8
4.4
3.9
3.9
76.3
_{
_c
3.3
2.4
1.0
1935
1936
1937
1938
1939
57.8
65.7
73.9
67.3
72.8
37.4
43.0
48.0
45.0
48.2
36.7
42.0
46.1
43.0
46.0
.7
1.0
1.8
2.0
2.2
5.3
42
6.1
4.4
4.4
5.4
6.6
7.1
6.8
7.3
2.2
2.3
2.6
3.1
3.3
3.6
5.8
6.6
4.5
6.1
4.2
6.9
7.5
4.4
7.6
33
5.5
5.9
3.4
6.2
3.9
3.7
3.6
3.5
3.5
60.4
68.6
74.1
68.4
72.8
1.6
2.0
2.7
2.6
2.2
58.7
66.7
71.5
65.8
70.6
1940
1941
1942
1943
1944
81.1
104.2
137.5
171.3
184.2
52.2
64.8
85.3
109.6
121.3
49.9
62.1
82.1
105.8
116.7
2.3
2.8
3.2
3.8
4.5
4.5
6.4
8.4
9.4
10.9
14.0
17.0
18.3
14.9
20.0
24.4
24.5
10.4
18.3
22.0
25.6
24.5
7.6
10.1
12.0
12.0
3.4
4.0
5.0
5.6
5.9
10.7
10.6
11.5
11.5
3.2
3.2
3.1
2.7
2.3
78.3
96.0
123.3
151.8
165.7
2.3
3.0
5.7
17.6
18.6
1945
1946
1947
1948
1949
183.2
182.2
198.7
223.6
217.2
123.3
119.6
130.1
142.1
142.0
117.5
112.0
123.1
135.5
134.7
5.8
7.6
7.0
6.5
7.3
12.4
14.9
15.1
17.5
12.7
19.3
21.7
20.5
23.0
23.1
6.1
7.0
7.3
8.1
8.5
20.0
17.2
23.3
30.6
28.3
1950
1951
1952
1953
1954
241.7
279.6
294.3
309.6
309.8
155.4
181.6
196.3
210.4
209.4
147.2
171.6
185.6
199.0
197.2
8.2
25.1
27.9
29.3
30.4
31.1
9.6
10.0
10.7
11.5
12.1
13.5
16.0
15.1
13.0
12.5
10.5
11.7
13.0
14.1
35.0
40.0
38.0
38.2
37.4
1955
1956
1957
1958
1959
340.1
360.6
377.1
379.5
413.9
225.9
244.7
257.8
259.8
281.2
212.1
229.0
239.9
241.3
259.8
13.8
15.7
17.8
18.5
21.4
11.5
11.3
11.3
13.1
10.9
34.1
35.8
37.8
38.4
40.9
14.6
15.2
16.0
16.9
17.7
47.9
46.7
46.3
41.6
52.9
—3
-.3
1960
1961
1962
1963
1964
429.8
444.8
479.0
506.3
544.1
296.7
305.6
327.4
345.5
371.0
272.8
280.5
299.3
314.8
337.7
23.8
25.1
28.1
30.7
33.2
11.5
12.1
12.1
11.9
10.8
40.5
42.3
44.4
45.8
49.8
18.6
19.2
20.0
20.7
21.0
51.4
52.5
60.5
66.3
73.3
1965
1966
1967
1968
1969
592.0
648.9
685.5
747.3
805.4
399.8
443.0
475.5
524.7
578.3
363.7
400.3
428.9
471.9
518.3
36.1
42.7
46.6
52.8
60.0
13.0
14.1
12.7
12.8
14.6
52.1
55.3
58.2
62.5
64.6
21.8
22.5
23.6
22.7
23.4
1970
1971
1972
1973
1974
840.6
908.6
1,005.3
1,132.3
1,214.9
618.1
660.1
726.8
813.1
892.4
551.5
584.5
638.7
708.6
772.2
66.6
75.6
88.1
104.4
120.3
14.8
15.4
19.5
32.6
25.8
65.4
71.1
78.8
84.2
89.8
1975
1976
1977
1978
1979
1,305.9
1,459.4
1,638.0
1,862.3
2,078.5
951.3
1,061.5
1,182.9
1,338.5
1,503.3
814.7
899.6
994.0
1,121.1
1,255.7
136.6
162.0
188.9
217.4
247.5
24.1
18.6
17.5
22.2
25.3
1980
1981
1982
1983
1984
2,244.5
2,501.4
2,600.8
2,793.3
3,164.4
1,653.9
1,827.8
1,927.6
2,044.2
2,257.0
1,377.6
1,517.6
1,593.9
1,684.8
1,855.3
276.3
310.2
333.7
359.4
401.7
12.2
21.9
14.5
1985
1986
1987
1988
1989
3,383.4
3,550.3
3,813.0
4,145.3
4,397.3
2,425.7
2,572.4
2,757.7
2,973.9
3,151.6
1,995.7
2,116.5
2,272.7
2,453.6
2,598.1
1990
1991
1992
1993
1994
4,652.1
4,761.6
4,990.4
5,266.8
5,590.7
3,352.8
3,457.9
3,644.9
3,814.9
4,012.0
1995
1996
1997
5,923.7
6,256.0
6,646.5
171.8
179.0
186.5
191.7
1946:1
II
Ill
IV
'.
2A
-2.1
-.6
_2
-.3
—7
—L
0
1.0
-.7
_2
-.8
-2.5
-1.2
-.8
-.3
-1.0
-.8
-.9
-1.0
_c
—A
r
j\
654
-1.0
-1.4
-2.1
,l
594.2
573.5
496.7
481.6
528.6
56.6
62.9
67.7
65.1
68.0
2.2
3.7
3.8
7
2.6
3.7
5.6
5.3
1.1
3.7
578.9
650.9
673.5
634.4
687.9
76.0
92.9
117.7
134.3
147.0
72.2
82.1
89.7
100.4
109.3
3.8
5.0
10.8
28.0
33.8
37.7
11.7
23.8
25.2
25.7
734.3
845.6
952.8
995.8
1,031.3
19.9
"
-.6
.6
-5.3
-5.9
-2.2
-2.5
-2.8
-3.1
-3.2
20.0
24.9
31.9
35.9
29.6
15.8
20.7
23.4
19.4
2.1
1.8
2.4
2.4
2.7
171.3
179.0
191.8
210.7
207.8
150.8
160.7
170.7
190.1
189.8
120.8
145.7
164.1
177.5
181.1
30.0
15.0
21.1
20.6
18.0
-.3
-3.2
-3.5
-3.2
-2.4
-1.5
43.2
44.7
40.2
41.6
39.2
25.3
22.2
20.8
21.3
21.6
3.0
3.5
3.8
45
54
229.7
258.6
276.0
292.9
295.7
20.1
28.4
33.5
34.9
31.8
209.6
230.2
242.5
258.0
263.9
195.4
211.6
222.9
237.5
245.0
-1.7
-2.7
—1 5
-.1
_g
-1.0
-.8
—.2
49.7
50.3
48.9
42.7
53.4
27.7
28.3
27.5
23.8
29.7
6.1
6.8
7.9
9.7
10.2
317.3
340.5
359.6
370.3
394.4
34.6
38.7
41.3
40.9
44.5
282.7
301.8
318.3
3294
349.9
-.2
.3
0
.1
-.5
.5
1.2
4.1
5.1
5.8
51.1
51.0
56.4
61.2
68.0
28.4
28.2
32.4
34.9
40.0
11.2
13.1
14.6
16.1
18.2
412.5
430.0
457.0
480.0
514.5
48.7
50.3
54.8
58.0
56.0
84.1
89.8
87.4
94.2
90.9
-1.2
-2.1
-1.6
-3.7
-5.9
6.6
6.9
7.1
7.3
7.8
78.8
85.1
81.8
90.6
89.0
47.9
51.4
49.2
51.2
49.4
21.1
24.3
28.1
33.6
556.7
605.7
650.7
714.5
779.3
23.6
24.6
24.3
25.8
25.7
78.7
92.0
106.7
120.1
109.2
-6.6
-4.6
-6.6
-20.0
-39.5
6.9
6.5
8.8
9.2
5.8
78.4
90.1
104.5
130.9
142.8
44.0
52.4
62.6
81.6
91.0
40.0
45.4
49.3
56.5
71.3
97.7
115.0
129.9
147.4
159.7
24.7
24.3
22.8
24.8
26.9
128.2
154.9
184.3
209.0
213.1
-11.0
-14.9
-16.6
-25.0
-41.6
-1.3
-4.0
-2.5
-4.1
-7.1
140.4
173.8
203.5
238.1
261.8
89.5
109.6
130.4
154.6
173.8
33.9
44.5
46.5
46.1
50.1
188.3
207.0
182.3
235.2
290.1
-43.0
-25.7
-9.9
-9.1
-5.6
-10.1
23.2
164.4
165.7
165.1
187.8
225.5
15.5
31.5
51.5
241.4
229.8
176.7
212.8
244.2
430.0
455.9
485.0
520.3
553.5
23.6
24.2
31.5
27.5
36.3
245.0
255.3
273.6
307.8
321.1
48.1
41.5
44.8
55.1
51.7
304.0
293.8
333.2
382.1
380.0
.5
11.4
-20.7
-29.3
-17.5
73.5
59.8
60.2
57.1
49.3
2,757.5
2,827.6
2,970.6
3,094.0
3,254.0
595.2
630.4
674.3
720.8
758.0
35.4
29.3
37.1
32.4
36.9
338.6
347.2
386.7
418.4
434.7
61.0
67.9
79.4
105.7
124.4
397.1
411.3
428.0
492.8
570.5
4,208.9
4,409.0
4,687.2
3,441.9
3,640.4
3,893.6
767.0
768.6
793.7
22.4
38.9
35.5
465.6
488.8
515.8
133.7
150.2
158.2
672.4
750.4
817.9
-22.6
-1.2
115.2
117.6
121.4
124.4
107.7
109.6
113.5
117.2
7.5
8.0
7.8
7.2
13.0
13.7
16.1
16.6
21.1
22.1
22.2
21.3
6.9
7.0
7.1
7.1
13.9
16.8
17.8
20.3
4.1
8.7
1,016.8
1,011.0
974.1
1,025.6
1,031.6
14.1
18.6
19.6
20.5
18.8
6.7
8.1
8.1
7.9
7.1
1,124.7
1,157.3
1,194.8
1,254.3
1,270.2
264.0
277.5
292.6
302.3
324.7
18.7
24.3
25.7
27.1
25.2
6.6
8.0
8.1
8.2
7.2
1,355.6
1,418.5
1,452.6
1,4664
1,533.9
363.8
379.7
402.2
422.0
458.5
339.6
350.5
371.8
392.5
422.1
24.2
29.2
30.4
29.5
36.4
6.6
7.7
7.6
7.0
7.9
1,569.2
1,6194
1,697.5
1,759.3
1,885.8
61.9
71.0
77.9
92.1
109.9
494.8
534.7
572.9
622.5
669.4
456.2
494.7
523.0
574.6
621.4
38.7
40.1
49.9
47.8
47.9
7.8
7.5
8.7
7.7
7.2
2,003.9
2,110.6
2,202.3
2,302.1
2,377.2
837.1
900.2
988.8
1,107.5
1,215.9
109.0
108.7
132.0
140.6
159.1
728.1
791.5
856.8
967.0
1,056.8
666.1
721.6
791.6
8754
956.6
62.0
69.9
65.2
91.5
100.2
8.5
8.8
7.6
9.5
9.5
2,469.0
2,568.3
2,685.7
2,875.2
2,854.2
80.0
85.1
100.7
120.5
150.3
1,319.0
1,459.4
1,616.1
1,825.9
2,055.8
156.4
182.3
210.0
240.1
280.2
1,162.6
1,277.1
1,406.1
1,585.8
1,775.7
1,054.8
1,176.7
1,308.9
1,467.6
1,639.5
107.8
100.4
97.2
118.2
136.2
9.3
7.9
6.9
7.5
7.7
2,903.6
3,017.6
3,115.4
3,276.0
3,365.5
156.6
148.6
113.6
135.5
150.1
191.9
234.5
264.9
275.9
318.5
2,293.0
2,568.5
2,724.1
2,894.4
3,211.4
312.4
360.2
371.4
369.3
395.5
1,980.5
2,208.3
2,352.7
2,525.1
2,815.9
1,811.5
2,001.1
2,141.8
2,355.5
2,5744
169.1
207.2
210.9
169.7
241.5
8.5
9.4
9.0
6.7
8.6
3,385.7
3,464.9
3,491.1
3,583.7
3,850.0
229.9
222.6
293.6
354.3
348.1
133.4
116.1
166.5
217.3
206.8
337.2
363.1
372.2
398.9
456.6
3,440.9
3,639.6
3,877.8
4,178.9
4,4964
437.7
459.9
514.2
532.0
594.9
3,003.2
3,179.7
3,363.6
3,646.9
3,901.6
2,795.8
2,991.1
3,194.7
3,451.7
3,706.7
207.4
188.6
168.9
195.2
194.8
6.9
5.9
5.0
54
5.0
3,960.3
4,076.8
4,154.7
4,325.3
4,411.7
38.9
33.1
29.1
36.0
51.4
371.7
374.2
406.4
465.4
535.1
231.2
240.8
263.4
300.2
348.5
467.3
448.0
414.3
402.5
412.3
4,796.2
4,965.6
5,255.7
5,481.0
5,757.9
624.8
624.8
650.5
690.0
739.1
4,171.4
4,340.9
4,605.1
4,791.1
5,018.9
3,958.1
4,097.4
4,341.0
4,580.7
4,842.1
213.3
243.5
264.1
210.3
176.8
5.1
5.6
5.7
4.4
3.5
4,489.6
4,483.5
4,605.1
4,666.7
4,772.9
6.9
59.4
71.4
76.6
635.6
680.2
734.4
424.6
454.1
488.3
420.6
418.6
432.0
6,072.1
6,425.2
6,784.0
795.0
890.5
989.0
5,277.0
5,534.7
5,795.1
5,097.2
5,376.2
5,674.1
179.8
158.5
121.0
3.4
2.9
2.1
4,906.0
5,043.0
5,183.1
-1.2
-2.8
-8.1
-8.9
-1.9
-2.3
-2.7
-3.0
17.0
21.9
28.6
32.3
10.8
13.9
18.1
20.5
1.7
1.8
1.8
1.9
171.4
176.6
182.5
185.8
17.2
18.5
19.0
18.9
154.2
158.1
163.5
166.9
136.1
141.5
150.4
154.8
18.1
16.6
13.1
12.1
11.7
10.5
21.2
20.0
19.8
21.7
2.4
24
24
2.3
188.2
186.5
194.5
198.0
20.5
20.7
21.0
22.1
167.8
165.8
173.5
175.9
158.3
162.2
165.8
170.0
9.5
3.7
7.6
5.9
5.7
2.2
4.4
3.3
977.2
959.2
985.4
974.5
22.9
24.1
23.7
23.0
2.5
2.4
2.4
2.4
203.9
209.3
214.9
214.8
22.6
20.5
19.6
19.8
181.4
188.8
195.3
195.1
173.0
176.8
179.7
180.6
84
12.1
15.5
14.4
4.6
6.4
8.0
7.4
993.3
1,022.9
1,042.0
1,044.1
1.9
-5.0
-1.2
1.0
-1.0
-13.5
4.0
-7.5
-8.5
-16.1
3.0
1947:1
II
Ill
IV
194.4
195.5
198.6
206.2
127.2
128.7
130.1
134.3
119.7
121.5
123.4
127.8
7.6
7.3
6.7
6.5
16.7
13.2
14.8
15.7
20.7
20.3
20.2
20.9
7.1
7.1
7.4
7.6
20.3
23.7
23.7
25.4
-9.7
-4.7
-4.0
-5.2
-2.8
-2.6
-2.8
-2.8
1948:1
II
Ill
IV
215.6
222.9
227.2
228.7
138.0
139.7
144.6
146.0
131.4
133.2
138.1
139.5
6.6
6.5
6.5
6.5
15.7
18.8
18.5
16.9
22.1
22.8
23.4
23.5
7.8
8.1
8.1
8.2
29.4
31.0
30.2
31.6
-2.9
-2.9
-2.8
-2.8
-3.0
-3.3
-3.5
35.0
36.9
36.3
35.1
20.6
9.3
3.9
6.6
4.6
32.7
30.9
30.6
33.4
See footnotes at the end of the table.
9.3
-.1
304
184
6.7
12.6
8.0
7.3
l64
• August 1998
SURVEY OF CURRENT BUSINESS
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supplements to
wages
and
salaries
Proprietors' income
with IVA and
CCAdj.
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Saving
Less:
Equals: as a perPersonal Personal centage
saving
outlays
of DPI
Real
DPI 1
1949:1
II
Ill
IV
221.6
216.7
216.7
213.6
144.2
142.0
141.2
140.6
136.9
134.6
133.9
133.4
7.3
7.4
7.3
7.2
13.3
12.8
12.1
12.5
23.1
23.1
23.0
23.2
8.2
8.3
8.6
8.8
30.2
27.9
29.1
25.8
1.4
2.8
3.0
.2
-3.2
-3.2
-3.2
-3.1
32.0
28.2
29.3
28.7
21.0
18.5
19.2
18.8
2.6
2.7
2.7
2.7
209.0
207.6
206.8
208.0
19.1
18.3
17.6
17.1
189.9
189.3
189.2
190.9
179.5
181.2
180.6
183.2
10.4
8.1
8.6
7.7
5.5
4.3
4.5
4.0
1,024.5
1,027.6
1,032.6
1,041.8
1950:1
II
Ill
IV
222.8
233.4
249.1
261.5
144.7
150.8
159.1
167.1
137.1
142.9
150.8
158.3
7.7
7.9
8.3
8.8
12.8
12.8
13.7
14.9
23.9
24.5
26.1
26.0
9.2
9.4
9.7
10.0
29.3
32.9
37.5
40.5
-.7
-3.3
-7.3
-3.5
-2.9
-3.1
-3.1
-3.6
32.9
39.3
47.9
52.6
19.3
23.0
28.0
30.8
2.9
3.0
3.0
3.1
222.2
223.0
231.9
241.6
17.8
18.8
20.1
23.7
204.4
204.2
211.7
217.9
186.1
190.1
204.0
201.4
18.3
14.1
7.8
16.4
9.0
6.9
3.7
7.5
1,117.6
1,110.8
1,128.5
1,142.0
1951:1
II
Ill
IV
271.1
277.5
282.3
287.6
175.1
180.7
183.9
186.6
165.5
170.8
173.8
176.2
9.6
9.9
10.1
10.4
15.7
15.9
16.0
16.6
27.5
27.6
28.1
28.5
10.1
10.4
10.7
10.9
39.3
39.4
40.1
41.3
-8.7
-1.0
3.5
1.5
-3.8
-3.6
-3.4
-3.3
51.8
44.0
40.0
43.1
25.5
21.7
19.9
21.6
3.3
3.5
3.6
3.6
250.2
257.3
260.8
266.2
25.7
27.6
29.1
31.1
224.5
229.6
231.7
235.1
212.6
208.2
210.8
214.8
11.9
21.4
20.9
20.3
5.3
9.3
9.0
8.6
1,138.9
1,156.8
1,165.6
1,167.7
1952:1
II
Ill
IV
288.6
289.2
294.6
304.9
191.6
193.0
196.5
204.3
181.2
182.4
185.7
193.3
10.5
10.6
10.8
11.1
14.7
15.3
16.7
13.7
28.7
29.1
29.4
30.1
11.3
11.6
11.9
12.2
38.6
36.5
36.3
40.5
1.3
1.2
.7
.8
-3.4
-3.3
-3.1
-2.9
40.7
38.6
38.7
42.6
20.9
20.0
20.1
22.1
3.7
3.8
3.9
4.0
268.3
271.9
278.8
284.9
32.3
33.3
33.8
34.5
236.0
238.6
245.0
250.4
216.3
220.6
223.3
231.6
19.6
18.0
21.7
18.8
8.3
7.6
8.9
7.5
1,167.6
1,180.6
1,204.2
1,226.9
1953:1
II
Ill
IV
310.3
312.7
311.3
304.0
208.2
211.6
211.7
210.2
196.9
200.1
200.3
198.7
11.3
11.5
11.5
11.6
13.6
13.1
12.5
12.8
30.5
30.4
30.3
30.3
12.6
12.9
13.2
13.5
41.2
40.3
39.1
32.2
-.4
-1.6
-2.0
0
-2.8
-2.6
-2.4
-1.8
44.4
44.5
43.5
34.0
22.8
22.8
22.2
17.4
4.3
4.4
4.5
4.9
289.6
293.8
294.1
294.1
35.1
35.0
34.8
34.6
254.5
258.8
259.3
259.5
235.4
237.5
238.7
238.5
19.1
21.3
20.6
21.1
7.5
8.2
8.0
8.1
1,242.8
1,262.3
1,257.9
1,254.3
1954:1
II
Ill
IV
305.7
305.9
309.4
318.3
208.3
207.9
208.5
212.8
196.4
195.9
196.3
200.3
11.9
12.0
12.2
12.4
13.6
12.1
12.5
12.0
30.3
30.9
31.1
32.1
13.8
14.0
14.2
14.3
34.6
35.8
37.7
41.3
0
0
-.7
-.5
-1.8
-1.7
-1.5
-1.1
36.4
37.6
39.9
43.0
20.0
20.6
22.0
23.7
5.1
5.3
5.5
5.7
293.7
292.8
295.2
301.2
31.9
31.6
31.7
32.1
261.8
261.1
263.5
269.0
240.6
243.3
245.9
250.4
21.2
17.9
17.6
18.7
8.1
6.8
6.7
6.9
1,257.6
1,254.1
1,270.4
1,298.5
1955:1
II
Ill
IV
329.2
337.7
343.7
350.0
217.3
223.8
228.8
233!8
204.2
210.3
214.6
219.4
13.1
13.5
14.1
14.4
12.0
11.8
11.3
10.8
33.1
33.7
34.5
35.1
14.4
14.5
14.6
14.8
46.5
47.7
48.2
49.2
-1.1
-.9
-2.2
-2.8
-.6
-.3
.4
.1
48.2
48.8
50.0
51.9
26.8
27.2
27.8
28.9
5.9
6.1
6.3
6.2
306.8
314.1
321.5
326.7
33.1
34.0
35.1
36.1
273.7
280.1
286.4
290.6
256.7
262.0
266.5
270.8
17.0
18.1
19.9
19.8
6.2
6.5
7.0
6.8
1,316.0
1,346.6
1,371.7
1,388.2
1956:1
II
Ill
IV
352.7
358.5
362.0
369.1
238.3
242.9
246.0
251.8
223.3
227.5
229.9
235.3
15.0
15.4
16.1
16.5
10.7
11.1
11.8
11.6
35.2
35.6
35.9
36.6
15.0
15.1
15.3
15.5
47.1
47.0
46.1
46.7
-2.9
-3.6
-1.2
-3.0
-.1
-.6
-1.2
-1.5
50.1
51.2
48.5
51.3
28.1
28.7
27.4
29.0
6.5
6.8
6.9
6.8
331.7
338.0
342.6
349.9
37.4
38.5
39.1
40.0
294.3
299.5
303.5
309.9
272.6
275.3
278.5
283.8
21.7
24.2
25.0
26.1
7.4
8.1
8.2
8.4
1,399.8
1,414.3
1,419.3
1,440.4
1957:1
II
Ill
IV
375.1
377.1
380.9
375.3
255.5
257.2
259.9
258.4
238.2
239.6
241.8
240.1
17.3
17.6
18.1
18.3
10.4
11.1
11.8
11.9
37.6
37.8
38.2
37.7
15.7
15.9 ,
16.0
16.3
48.4
47.4
46.7
42.7
-2.4
-1.5
-1.3
-.9
-1.3
-1.0
-.8
-.9
52.1
49.9
48.8
44.6
29.3
28.0
27.4
25.0
7.5
7.8
8.2
8.2
353.8
358.5
363.2
363.1
40.8
41.5
41.7
41.2
312.9
317.0
321.4
321.9
288.2
290.4
295.1
296.9
24.8
26.6
26.4
25.0
7.9
8.4
8.2
7.8
1,442.1
1,452.0
1,460.7
1,455.5
1958:1
II
Ill
IV
369.7
370.9
382.0
395.6
255.4
255.0
261.1
267.4
237.3
236.9
242.6
248.4
18.1
18.2
18.6
19.0
13.4
13.4
13.0
12.7
37.6
38.1
38.6
39.5
16.5
16.8
17.0
17.2
37.6
38.1
42.3
48.5
-.2
.3
-.2
-.9
-.5
-1.2
-1.1
-.6
38.3
39.0
43.7
50.0
21.4
21.8
24.3
27.7
9.0
9.5
9.9
10.3
362.6
365.0
374.0
379.7
40.6
40.0
41.2
41.6
322.0
325.0
332.8
338.1
296.6
299.5
304.6
308.6
25.4
25.4
28.2
29.5
7.9
7.8
8.5
8.7
1,437.2
1,447.1
1,479.4
1,501.7
1959:1
II
Ill
IV .....
404.9
418.3
414.0
418.6
274.8
281.9
282.5
285.8
254.0
260.5
260.9
263.9
20.8
21.3
21.7
21.9
11.8
10.9
10.2
10.9
40.0
41.2
41.4
41.1
17.1
17.5
18.0
18.3
51.1
56.6
51.6
52.1
-.6
-1.0
-.3
.8
-1.3
-.2
.1
.5
53.0
57.8
51.9
50.8
29.6
32.2
28.9
28.3
10.1
10.2
10.2
10.4
385.5
394.1
396.1
401.7
42.8
44.1
44.9
46.0
342.6
350.0
351.2
355.7
316.6
322.9
328.5
330.8
26.0
27.1
22.7
24.9
7.6
7.7
6.5
7.0
1,512.1
1,539.2
1,535.9
1,548.2
1960:1
II
Ill
IV
430.1
429.9
430.4
428.6
294.2
297.1
297.9
297.4
270.7
273.4
273.9
273.3
23.5
23.8
24.0
24.1
10.3
11.3
11.8
12.4
40.8
40.7
40.3
40.2
18.4
18.5
18.6
18.7
55.6
51.5
50.5
48.1
-.9
.4
-.6
.4
.5
.6
56.1
51.7
49.4
47.3
31.1
28.7
27.5
26.5
10.8
10.7
11.3
11.8
407.6
412.2
414.4
415.9
47.7
48.7
49.1
49.4
360.0
363.6
365.3
366.4
334.4
340.6
340.7
342.8
25.5
22.9
24.6
23.6
7.1
6.3
6.7
6.5
1,564.6
1,570.8
1,572.0
1,569.3
1961:1
II
Ill
IV
430.1
439.5
448.4
461.2
298.3
302.4
307.4
314.1
273.7
277.6
282.2
288.4
24.5
24.8
25.2
25.7
12.3
11.6
11.9
12.6
41.2
42.1
42.6
43.3
18.9
19.1
19.3
19.5
47.2
51.5
53.7
57.5
-.1
1.0
.3
-.2
1.0
1.3
1.3
1.3
46.4
49.2
52.1
56.4
25.8
27.2
28.8
31.1
12.2
12.9
13.4
14.1
419.7
425.6
432.8
441.7
49.6
49.9
50.5
51.3
370.2
375.7
382.3
390.4
343.5
348.3
351.4
358.7
26.7
27.4
30.9
31.7
7.2
7.3
8.1
8.1
1,581.5
1,605.9
1,628.6
1,661.7
1962:1
II
Ill
IV
469.7
476.2
481.6
488.4
320.6
326.6
329.5
333.0
293.2
298.7
301.1
304.2
27.4
27.9
28.3
28.8
12.2
•11.9
11.9
12.3
43.7
44.3
44.8
44.8
19.7
19.8
20.1
20.4
59.9
59.2
60.3
62.6
.4
-.1
-.8
.5
3.9
4.0
4.2
4.3
55.5
55.3
56.9
57.8
31.7
31.7
32.7
33.5
13.6
14.5
14.9
15.3
447.2
454.9
460.0
465.7
52.4
54.2
55.5
56.9
394.8
400.6
404.5
408.8
363.3
369.5
373.9
380.4
31.5
31.1
30.6
28.4
8.0
7.8
7.6
7.0
1,676.1
1,693.1
1,704.3
1,716.6
1963:1
II
Ill
IV
493.4
502.2
510.0
519.6
337.9
342.6
347.7
353.9
307.9
312.3
316.8
322.2
30.0
30.3
30.9
31.7
12.1
11.7
11.8
12.3
44.9
45.4
46.0
46.9
20.5
20.7
20.8
20.7
62.7
66.1
67.4
68.9
1.0
.2
-.2
-.8
4.4
5.1
5.2
5.6
57.3
60.8
62.4
64.1
32.9
34.7
35.6
36.6
15.3
15.7
16.4
16.9
470.5
475.4
482.5
491.8
57.5
57.8
58.2
58.6
413.0
417.6
424.3
433.2
384.2
388.7
396.1
401.0
28.8
28.9
28.2
32.2
7.0
6.9
6.6
7.4
1,729.9
1,746.0
1,765.3
.1,795.8
1964:1
II
Ill
IV
531.1
539.3
549.7
556.4
360.3
367.7
375.0
381.0
328.2
334.8
341.4
346.7
32.1
32.9
33.6
34.3
10.8
10.1
10.4
11.8
48.5
49.7
50.5
50.6
20.9
20.9
21.1
21.1
73.1
73.0
74.1
73.0
-.2
-1
-.9
-.7
5.9
5.7
5.9
5.7
67.5
67.5
69.1
68.0
39.7
39.6
40.6
40.1
17.4
17.9
18.6
18.9
500.7
509.5
519.3
528.4
57.3
53.7
55.6
57.3
443.4
455.8
463.7
471.1
410.7
418.8
428.0
430.9
32.8
37.0
35.6
40.2
7.4
8.1
7.7
8.5
1,830.7
1,878.6
1,905.1
1,928.6
1965:1
II
Ill
IV .....
573.2
584.6
596.0
614.1
387.6
394.4
402.6
414.6
352.8
358.8
366.2
377.1
34.9
35.6
36.5
37.5
12.0
12.8
13.3
14.0
51.0
51.6
52.2
53.6
21.4
21.7
22.0
22.0
81.0
83.1
84.2
88.2
-.4
-1.1
-1.5
-1.9
6.2
6.5
6.9
6.6
75.2
77.7
78.8
83.6
45.8
47.4
48.0
50.7
20.2
21.0
21.6
21.7
538.7
548.6
563.0
576.6
61.1
62.4
61.2
62.7
477.5
486.2
501.8
513.9
442.0
449.6
459.3
473.8
35.6
36.5
42.5
40.1
7.5
7.5
8.5
7.8
1,947.6
1,972.4
2,026.7
2,069.0
1966:1
II
Ill
IV
633.9
642.6
653.7
665.6
426.9
438.1
449.2
457.6
385.7
395.9
406.1
413.4
41.2
42.2
43.1
44.2
15.7
13.5
13.5
13.7
54.7
54.9
55.5
56.2
22.4
22.3
22.6
22.6
91.4
90.1
88.4
89.5
-1.2
-2.7
-3.6
-1.0
6.8
6.8
6.8
7.0
85.7
85.9
85.2
83.5
51.8
51.9
51.5
50.5
22.8
23.8
24.7
25.9
588.3
598.0
611.5
625.2
66.1
70.2
72.5
75.2
522.2
527.7
539.0
550.0
484.4
489.8
499.3
505.1
37.8
37.9
39.7
44.9
7.2
7.2
7.4
8.2
2,086.1
2,091.7
2,119.1
2,145.4
1967:1
II
Ill
IV
671.0
676.5
690.4
704.1
463.9
469.4
479.0
489.8
418.8
423.5
431.9
441.5
45.1
45.8
47.0
48.3
13.2
12.3
13.0
12.5
57.2
57.7
59.0
58.9
23.2
23.8
23.9
23.5
86.8
85.7
87.0
90.1
-.4
-1.3
-1.7
-2.8
6.8
7.0
7.4
7.3
80.3
80.0
81.3
85.5
48.1
48.1
49.1
51.4
26.7
27.6
28.5
29.4
635.9
643.0
656.6
667.4
76.0
75.7
78.9
80.8
559.9
567.3
577.7
586.6
510.0
520.0
527.2
534.8
49.9
47.3
50.5
51.8
8.9
8.3
8.7
8.8
2,176.6
2,193.7
2,212.2
2,226.6
1968:1
II
Ill
IV
721.6
740.4
756.5
770.9
504.5
518.0
531.9
544.5
454.1
465.9
478.3
489.3
50.4
52.1
53.6
55.1
12.5
12.3
13.0
13.3
60.5
622
63.4
63.9
22.9
22.7
22.7
22.5
91.2
94.8
94.9
96.1
-4.7
-2.9
-3.0
-4.1
7.4
7.4
7.3
7.2
88.5
90.3
90.6
93.0
49.9
51.0
51.2
52.7
29.9
30.5
30.5
30.7
686.9
706.8
724.8
739.7
83.3
86.7
97.1
101.3
603.6
620.1
627.7
638.5
553.5
567.7
584.2
593.0
50.1
52.3
43.5
45.5
8.3
8.4
6.9
7.1
2,265.8
2,305.0
2,311.0
2,326.6
See footnotes at the end of the table.
.5
.3
August 1998 •
SURVEY OF CURRENT BUSINESS
165
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supplements to
wages
and
salaries
1
Proprietors income
with IVA and
CCAdj.
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Persona
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Less:
Persona
outlays
Equals:
Persona
saving
Saving
as a per
centage
of DPI
Real
DPI 1
1969:1
II
Ill
IV
785.1
798.9
815.1
822.3
556.6
570.3
587.2
598.9
499.0
511.3
526.3
536.4
57.6
59.0
60.8
62.5
13.1
14.3
14.9
16.1
64.5
64.8
65.0
63.9
23.0
23.6
23.6
23.3
95.7
92.8
90.2
85.1
-4.9
-5.2
^.9
-8.4
7.7
7.8
7.9
7.7
93.0
90.2
87.2
85.8
51.7
50.0
48.4
47.4
32.2
33.1
34.2
35.0
752.9
770.8
789.8
803.6
107.9
111.2
109.5
111.0
645.0
659.6
680.3
692.6
604.8
616.1
626.3
638.5
40.2
43.5
54.0
54.0
6.2
6.6
7.9
7.8
2,331.2
2,356.4
2,403.0
2,418.2
1970:1
II
Ill
IV
826.7
837.2
849.2
849.5
609.4
614.9
623.1
625.1
545.0
549.0
555.6
556.3
64.3
65.9
67.5
68.8
15.7
14.2
15.0
14.3
64.1
64.6
65.9
67.0
23.3
23.5
23.1
24.3
77.5
81.0
80.6
75.8
-8.8
-4.6
-6.2
-6.6
7.4
6.9
6.7
6.5
78.9
78.7
80.2
75.9
44.7
44.4
44.9
42.1
36.7
39.0
41.4
43.1
814.0
834.5
845.6
854.3
110.4
111.4
106.5
107.6
703.5
723.0
739.1
746.8
650.2
660.6
673.3
680.4
53.4
62.4
65.8
66.4
7.6
8.6
8.9
8.9
2,427.7
2,467.1
2,494.7
2,486.6
1971:1
II
Ill
IV
882.6
901.1
915.8
934.7
642.6
654.8
665.3
677.5
570.1
580.2
588.6
598.9
72.5
74.6
76.6
78.6
15.0
15.3
14.9
16.3
68.0
70.2
72.0
74.0
24.0
24.8
24.8
24.7
88.6
90.7
92.9
96.0
-3.6
-4.7
-5.6
^.5
6.1
6.4
6.7
6.8
86.1
88.9
91.7
93.6
48.8
50.7
54.2
55.7
44.3
45.3
45.9
46.2
872.8
895.4
908.2
924.4
104,4
106.9
108.9
114.5
768.4
788.5
799.2
809.9
700.1
714.6
727.5
744.4
68.3
73.9
71.7
65.6
8.9
9.4
9.0
8.1
2,532.7
2,568.6
2,577.3
2,594.7
1972:1
II
Ill
IV
966.6
984.0
1,014.7
1,055.7
702.2
717.6
731.6
755.7
617.8
630.4
642.3
664.2
84.4
87.2
89.3
91.6
15.0
17.8
20.7
24.4
75.6
76.7
80.1
82.7
25.7
21.5
24.5
25.4
101.5
102.5
107.6
114.9
-5.8
-5.8
-5.8
-9.0
8.0
8.0
9.2
9.9
99.4
100.4
104.3
114.0
59.4
60.1
62.8
68.3
46.5
47.9
50.1
52.5
952.5
968.7
996.2
1,038.0
129.0
130.9
132.3
135,8
823.5
837.7
863.8
902.2
762.0
780.6
799.3
824.7
61.6
57.1
64.6
77.5
75
6^8
7.5
8.6
2,610.9
2,640.1
2,698.5
2,793.5
1973:1
II
Ill
IV
1,092.3
1,114.2
1,140.2
1,182.6
783.8
802.7
821.6
844.3
683.2
700.0
716.1
735.3
100.5
102.7
105.5
109.1
24.2
30.6
33.3
42.5
84.1
83.2
84.4
85.0
24.4
25.7
25.1
28.2
121.7
118.1
118.9
121.7
-16.1
-21.7
-19.0
-23.4
9.5
8.9
8.6
9.7
128.3
130.8
129.3
135.4
79.1
81.2
81.3
85.0
54.1
54.0
57.0
60.8
1,061.2
1,090.3
1,117.9
1,160.8
135.2
136.8
141.9
148.3
925.9
953.4
976.0
1,012.5
849.6
865.4
884.7
901.9
76.3
88.0
91.2
110.6
8.2
9.2
9.3
10.9
2,832.4
2,861.7
2,879.9
2,926.8
1974:1
II
Ill
IV
1,189.8
1,202.6
1,228.3
1,238.7
862.5
883.3
905.5
918.5
748.1
765.2
783.0
792.4
114.4
118.1
122.5
126.1
32.4
22.2
23.4
25.4
87.3
89.1
91.8
91.2
28.0
26.1
26.2
22.7
113.6
111.5
107.8
103.9
-33.0
-38.3
-51.5
-35.0
8.7
7.2
5.4
2.0
137.8
142.6
153.9
136.9
89.0
91.2
97.1
86.8
66.0
70.6
73.7
77.1
1,176.1
1,198.2
1,235.2
1,254.2
151.1
157.0
162.9
165.4
1,024.9
1,041.2
1,072.3
1,088.8
919.4
947.7
975.8
983.5
105.5
93.5
96.5
105.3
10.3
9.0
9.0
9.7
2,879.4
2,847.6
2,858.0
2,831.6
1975:1
II ......
Ill .....
IV
1,245.0
1,274.0
1,331.5
1,373.1
921.8
933.7
959.8
989.8
791.8
800.2
821.2
845.6
130.0
133.4
138.7
144.2
21.4
22.0
26.2
26.7
93.8
95.5
98.9
102.8
24.0
25.0
24.8
25.0
106.0
118.7
140.7
147.2
-12.7
-7.3
-12.2
-11.7
.3
-.9
-1.8
-2.7
118.4
126.9
154.7
161.6
75.8
81.0
97.8
103.4
78.1
79.2
81.1
81.6
1,267.4
1,298.0
1,336.0
1,374.6
166.1
129.8
161.9
167.7
1,101.2
1,168.2
1,174.1
1,206.9
1,008.3
1,037.6
1,072.0
1,101.2
92.9
130.6
102.0
105.6
8.4
11.2
8.7
8.8
2,816.3
2,949.8
2,908.5
2,939.7
1976:1
II
Ill
IV
1,420.2
1,442.2
1,471.5
1,503.7
1,024.6
1,048.5
1,073.1
1,100.0
871.1
889.2
908.3
929.8
153.5
159.3
164.8
170.3
21.4
18.5
17.4
17.1
108.2
112.6
117.6
121.5
25.5
24.4
23.6
23.7
158.7
153.8
154.0
153.1
-11.6
-15.5
-15.9
-16.6
-3.6
-4.5
-4.2
-3.5
173.9
173.9
174.2
173.2
108.5
109.4
110.0
110.3
81.8
84.4
85.9
88.3
1,411.0
1,438.6
1,475.4
1,512.5
171.6
178.8
185.8
193.2
1,239.5
1,259.9
1,289.6
1,319.2
1,137.1
1,157.7
1,188.0
1,224.0
102.4
102.2
101.6
95.3
8.3
8.1
7.9
7.2
2,985.6
3,007.3
3,029.4
3,047.9
1977:1
II
Ill
IV
1,554.5
1,614.7
1,670.0
1,713.0
1,129.5
1,166.6
1,199.3
1,236.1
949.9
980.8
1,007.3
1,038.0
179.6
185.8
192.0
198.1
18.8
15.6
15.1
20.6
124.8
127.8
131.6
135.5
23.8
22.6
22.3
22.5
163.6
184.0
198.7
191.0
-22.3
-16.0
-10.6
-17.7
-3.3
^3.0
-1.7
-2.1
189.2
202.9
211.0
210.8
121.7
129.8
135.2
134.9
94.0
98.2
103.0
107.5
1,550.0
1,589.4
1,635.0
1,690.0
205.7
206.4
209.1
218.9
1,344.3
1,383.0
1,425.9
1,471.1
1,260.8
1,290.3
1,322.6
1,361.9
83.5
92.8
103.2
109.3
6.2
6.7
7.2
7.4
3,052.2
3,087.0
3,135.0
3,187.5
1978:1
II
III
IV
1,751.1
1,844.1
1,893.2
1,960.6
1,272.0
1,321.0
1,358.1
1,402.7
1,064.0
1,106.3
1,137.8
1,176.1
208.0
214.7
220.3
226,6
21.1
23.4
23.1
20.9
138.6
147.2
147.9
155.8
23.9
23.4
25.5
26.3
183.1
210.9
215.8
226.3
-22.3
-24.9
-24.6
-28.4
-3.2
-3.9
-4A
-^.6
208.6
239.7
244.8
259.4
137.8
154.3
158.3
168.t
112.3
118.2
122.7
128.5
1,734.1
1,800.0
1,854.1
1,915.4
222.3
233.4
246.9
258.0
1,511.8
1,566.5
1,607.3
1,657.4
1,394.1
1,455.2
1,490.4
1,530.5
117.7
111.3
116.8
126.9
7.8
7.1
73
77
3,220.0
3,265.5
3,288.8
3,329.5
1979:1
II
Ill .....
IV
2,010.1
2,049.6
2,101.4
2,153.1
1,447.8
1,480.0
1,521.5
1,563.7
1,210.1
1,236.2
1,270.8
1,305.8
237.7
243.8
250.7
257.9
27.3
24.7
25.7
23.6
153.7
159.4
163.0
162.7
28.5
25.1
24.5
29.3
215.0
215.4
213.7
208.4
-37.3
-41.7
^5.2
-42.2
-5.3
-6.9
-7.9
-8.3
257.6
263.9
266.8
258.8
168.4
174.4
178.4
173.8
137.8
145.0
153.0
165.4
1,972.6
2,017.8
2,084.2
2,148.8
264.6
273.0
286.1
297.1
1,708.0
1,744.8
1,798.2
1,851.7
1,572.5
1,608.8
1,664.1
1,712.4
135.5
136.0,
134.1
139.3
7.9
7.8
7.5
7.5
3,359.6
3,351.0
3,367.3
3,384.1
1980:1
II
Ill
IV
2,206.6
2,184.5
2,237.0
2,350.0
1,604.8
1,627.1
1,659.7
1,724.0
1,338.3
1,354.8
1,381.0
1,436.3
266.4
272.3
278.7
287.7
14.3
1.6
12.3
20.6
165.2
158.5
164.2
169.6
34.2
34.6
31.3
35.5
206.7
173.7
178.2
194.5
-54.4
-35.0
-43.0
-39.7
-9.8
-10.7
-10.6
-9.3
270.9
219.4
231.8
243.5
174.6
144.9
151.6
155.3
181.5
189.0
191.3
205.8
2,216.2
2,235.5
2,310.0
2,410.2
296.8
304.9
315.7
332.3
1,919.4
1,930.6
1,994.2
2,077.9
1,763.5
1,767.3
1,825.9
1,889.1
155.9
163.3
168.3
188.8
8.1
8.5
8.4
9.1
3,402.9
3,338.3
3,369.1
3,432.5
1981:1
II
III
IV
2,438.7
2,458.6
2,555.3
2,552.8
1,777.2
1,809.7
1,848.2
1,876.1
1,474.8
1,502.5
1,535.3
1,558.0
302.4
307.2
313.0
318.1
20.4
20.8
27.4
18.8
174.0
162.4
165.0
161.6
43.8
42.7
43.9
47.5
210.6
200.3
220.4
196.8
-39.4
-25.9
-18.9
-18.6
-1.6
1.9
7.5
4.1
251.7
224.2
231.8
211.4
160.5
144.6
148.4
141.0
212.7
222.7
250.4
252.1
2,483.6
2,522.0
2,620.8
2,647.6
344.4
356.9
371.7
367.9
2,139.2
2,165.2
2,249.1
2,279.7
1,947.3
1,982.4
2,028.2
2,046.4
192.0
182.7
220.9
233.3
9.0
8.4
9.8
10.2
3,446.6
3,428.5
3,496.7
3,487.7
1982:1
II
Ill
IV
2,551.8
2,609.2
2,612.9
2,629.5
1,899.9
1,919.5
1,939.0
1,952.0
1,573.5
1,587.3
1,602.5
1,612.4
326.4
332.1
336.5
339.7
15.7
14.0
13.2
14.9
151.7
168.0
164.6
176.1
46.6
45.5
46.2
47.7
176.0
186.0
186.6
180.6
-12.0
-9.4
-9.8
-8.6
11.6
13.7
17.7
19.0
176.3
181.6
178.7
170.3
113.9
116.3
113.5
111.0
261.8
276.2
263.2
258.2
2,660.3
2,717.3
2,739.1
2,779.7
370.2
376.5
366.8
372.1
2,290.1
2,340.9
2,372.2
2,407.6
2,084.7
2,110.4
2,156.4
2,215.7
205.4
230.5
215.8
191.9
9.0
9.8
9.1
8.0
3,460.0
3,503.1
3,494.2
3,506.9
1983:1
II
Ill
IV
2,674.5
2,763.7
2,830.7
2,904.4
1,979.0
2,019.8
2,062.1
2,116.0
1,629.8
1,662.0
1,699.2
1,748.3
349.2
357.8
362.9
367.7
13.4
6.4
-4.2
.9
174.6
184.0
193.2
199.3
46.2
46.0
44.3
48.0
201.5
238.6
252.9
247.7
.1
-10.3
-18.9
-7.4
28.7
32.6
35.8
29.0
172.7
216.3
235.9
226.2
113.8
137.0
147.5
143.9
259.8
268.9
282.3
292.6
2,800.4
2,862.4
2,915.0
2,999.8
366.8
376.0
362.7
371.7
2,433.6
2,486.4
2,552.4
2,628.1
2,253.4
2,327.4
2,389.9
2,451.1
180.2
159.0
162.5
177.0
7.4
6.4
6.4
6.7
3,515.5
3,547.1
3,599.4
3,672.8
1984:1
II
Ill
IV
3,052.8
3,146.3
3,212.3
3,246.1
2,186.3
2,236.9
2,282.2
2,322.6
1,794.1
1,838.1
1,877.6
1,911.4
392.3
398.8
404.6
411.2
21.7
23.8
22.7
24.5
214.7
226.5
235.8
225.1
48.1
46.0
50.3
55.9
285.4
297.1
290.0
287.8
-10.8
-13.1
.5
.8
36.1
51.6
56.7
61.7
260.1
258.6
232.8
225.3
156.8
157.2
145.3
141.3
296.6
315.9
331.3
330.3
3,096.4
3,181.9
3,262.7
3,304.6
378.7
387.7
401.6
413.8
2,717.6
2,794.1
2,861.1
2,890.7
2,500.9
2,556.9
2,593.7
2,645.8
216.7
237.2
267.3
244.9
8.0
8.5
9.3
8.5
3,762.6
3,834.6
3,895.7
3,906.9
1985:1
||
III
IV
3,319.0
3,350.6
3,411.8
3,452.2
2,367.8
2,402.9
2,442.1
2,489.9
1,946.6
1,976.5
2,009.4
2,050.2
421.2
426.5
432.7
439.7
25.9
22.9
21.5
24.0
242.5
242.2
245.0
250.2
52.3
48.8
46.1
45.1
301.2
300.0
318.9
295.7
5.2
.4
9.8
-13.2
71.5
74.8
74.9
72.8
224.6
224.7
234.2
236.2
129.1
131.7
134.6
138.3
329.3
333.9
338.3
347.2
3,372.7
3,412.4
3,455.9
3,522.4
451.2
407.8
442.2
449.4
2,921.5
3,004.6
3,013.8
3,073.0
2,711.7
2,763.5
2,834.3
2,873.5
209.8
241.0
179.4
199.5
7.2
8.0
6.0
6.5
3,909.6
3,979.5
3,958.6
3,993.3
1986:1
II
Ill
IV
3,522.0
3,523.6
3,555.0
3,600.5
2,524.2
2,546.8
2,583.9
2,634.9
2,078.1
2,095.7
2,125.7
2,166.7
446.1
451.1
458.2
468.2
20.1
20.5
28.1
28.0
251.8
255.2
259.1
255.0
46.3
43.8
39.4
36.4
315.9
294.9
277.3
287.1
36.1
18.3
-.3
-8.4
64.8
60.8
57.6
56.1
215.1
215.8
220.1
239.4
112.5
113.1
115.7
123.0
363.7
362.5
367.2
359.0
3,581.3
3,612.3
3,664.5
3,700.1
447.3
451.2
462.2
478.9
3,134.1
3,161.1
3,202.4
3,221.2
2,919.7
2,953.4
3,025.3
3,066.0
214.3
207.7
177.1
155.2
6.8
6.6
5.5
4.8
4,045.1
4,076.9
4,096.0
4,089.3
1987:1
II
Ill
IV
3,677.2
3,770.2
3,851.5
3,952.8
2,684.2
2,728.8
2,773.8
2,844.1
2,209.6
2,246.9
2,287.3
2,346.9
474.6
481.8
486.6
497.2
29.3
31.6
31.5
33.7
267.1
271.1
276.5
279.5
42.4
41.6
42.9
52.3
295.8
330.1
352.7
354.1
-18.7
-24.4
-17.2
-22.4
58.9
60.0
61.5
60.5
255.5
294.4
308.4
316.1
144.4
167.3
173.8
180.6
358.4
367.2
374.1
389.2
3,771.1
3,835.3
3,898.4
4,006.4
474.7
536.7
513.9
531.3
3,296.4
3,298.6
3,384.4
3,475.1
3,101.6
3,170.1
3,235.3
3,271.7
194.8128.5
149.1
203.3
5.9
3.9
4.4
5.9
4,134.6
4,097.9
4,160.5
4,225.9
1988:1
II
III
IV
4,019.7
4,101.9
4,185.5
4,274.2
2,889.9
2,952.3
3,000.0
3,053.4
2,380.9
2,435.7
2,476.3
2,521.4
509.0
516.6
523.7
532.0
38.9
30.6
27.9
12.5
291.2
308.4
312.6
319.1
52.4
54.2
52.7
61.2
357.4
372.5
389.8
408.7
-28.9
-37.4
-27.4
-23.6
58.4
57.6
57.4
55.1
327.9
352.4
359.8
377.3
201.0
217.1
220.3
231.0
389.9
383.8
402.5
419.3
4,070.3
4,141.3
4,213.2
4,290.6
515.0
535.1
532.3
545.7
3,555.4
3,606.2
3,680.9
3,745.0
3,348.1
3,411.7
3,484.2
3,562.8
207.2
194.5
196.7
182.2
5.8
5.4
5.3
4.9
4,296.8
4,305.6
4,336.9
4,362.0
See footnotes at the end of the table.
166
SURVEY OF CURRENT BUSINESS
• August 1998
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supplements to
wages
and
salaries
1
Proprietors income
with IVA and
CCAdj.
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Less: Personal outlays
Equals:
Personal
saving
Saving
as a
percentage of
DPI
Real
DPI 1
1989:1
II
Ill
IV
4,338.0
4,387.8
4,415.2
4,448.4
3,096.4
3,127.3
3,165.4
3,217.5
2,556.0
2,578.1
2,607.1
2,651.3
540.4
549.1
558.4
566.2
39.0
38.4
33.2
34.5
322.9
318.1
319.1
324.4
57.0
56.8
47.7
45.2
381.0
383.9
384.4
370.5
-46.7
-20.5
8.5
-11.2
54.6
53.9
46.0
42.7
373.1
350.5
329.9
339.1
219.3
206.7
196.9
204.4
441.6
463.4
465.3
456.2
4,412.6
4,475.4
4,514.4
4,583.2
577.7
600.7
594.6
606.3
3,834.9
3,874.7
3,919.7
3,976.8
3,614.7
3,680.8
3,740.0
3,791.4
220.3
194.0
179.7
185.4
5.7
5.0
4.6
4.7
4,411.0
4,393.2
4,412.5
4,430.0
1990:1
II
Ill
IV
4,563.7
4,664.5
4,674.8
4,705.4
3,285.5
3,344.7
3,384.9
3,395.9
2,704.0
2,753.0
2,784.5
2,788.8
581.5
591.7
600.5
607.1
35.5
38.3
34.9
33.1
332.2
337.1
343.7
341.3
55.1
57.6
64.4
66.7
396.4
421.8
379.2
390.9
-1.3
7.7
-40.0
-20.3
43.1
40.7
37.4
34.4
354.7
373.4
381.9
376.7
221.7
232.2
233.9
237.1
458.9
465.0
467.7
477.5
4,694.5
4,777.1
4,842.4
4,870.9
613.0
628.2
630.8
627.1
4,081.5
4,148.9
4,211.5
4,243.8
3,875.8
3,929.4
3,999.3
4,027.9
205.8
219.4
212.2
215.8
5.0
5.3
5.0
5.1
4,482.9
4,500.3
4,503.9
4,471.2
1991:1
II
Ill
IV
4,715.8
4,744.9
4,774.1
4,811.7
3,405.7
3,440.7
3,474.2
3,511.0
2,789.5
2,814.7
2,838.8
2,867.1
616.2
626.0
635.4
643.8
26.5
33.4
27.3
30.0
336.0
345.4
351.7
355.8
66.3
66.0
67.1
72.3
420.9
408.8
407.2
408.4
17.6
6.8
-.8
-7.6
32.6
33.3
33.4
33.3
370.7
368.7
374.6
382.8
240.7
236.4
238.6
247.6
460.4
450.6
446.6
434.3
4,885.7
4,948.5
4,985.4
5,043.0
622.3
620.5
623.7
632.5
4,263.4
4,328.0
4,361.7
4,410.4
4,032.5
4,083.3
4,123.9
4,149.8
230.9
244.7
237.8
260.6
5.4
5.7
5.5
5.9
4,452.9
4,490.8
4,490.2
4,500.3
1992:1
II
Ill
IV
4,927.9
4,981.5
4,949.5
5,102.6
3,577.1
3,626.5
3,669.2
3,707.0
2,916.5
2,956.2
2,988.2
3,021.7
660.7
670.3
681.0
685.3
35.9
37.1
39.0
36.5
374.4
383.8
387.6
401.0
77.2
79.5
69.5
91.2
444.2
437.2
376.1
454.6
.3
-21.9
-8.6
.2
32.7
32.9
16.7
34.1
411.1
426.2
368.0
420.3
267.2
275.2
240.4
270.6
419.2
417.5
408.1
412.4
5,144.7
5,217.0
5,255.5
5,405.4
636.7
640.0
650.6
674.8
4,508.0
4,577.0
4,604.9
4,730.5
4,250.0
4,304.8
4,359.5
4,450.0
258.1
272.2
245.4
280.6
5.7
5.9
5.3
5.9
4,558.4
4,591.7
4,591.6
4,678.9
1993:1
II
Ill
IV
5,159.8
5,236.9
5,281.7
5,388.7
3,749.3
3,796.3
3,837.6
3,876.2
3,045.5
3,079.3
3,111.0
3,140.4
703.8
717.0
726.6
735.8
29.7
36.3
25.6
38.0
410.6
416.0
420.6
426.5
99.7
105.6
106.1
111.5
459.2
478.2
492.8
541.2
-12.5
-17.1
.2
-4.8
40.0
33.8
33.0
37.1
431.7
461.5
459.6
508.9
282.5
296.1
298.4
324.0
411.2
404.6
398.9
395.4
5,332.1
5,466.1
5,505.7
5,620.3
662.5
685.6
695.5
716.4
4,669.6
4,780.5
4,810.2
4,903.9
4,488.4
4,549.5
4,609.8
4,675.2
181.2
231.0
200.5
228.7
3.9
4.8
4.2
4.7
4,585.6
4,666.8
4,679.5
4,735.0
5,423.2
5,556.3
5,636.1
5,747.3
3,937.4
3,988.0
4,028.7
4,093.9
3,190.7
3,232.3
3,267.2
3,325.9
746.7
755.6
761.5
768.1
46.4
38.8
33.2
29.1
417.5
435.9
438.4
447.0
112.7
126.0
130.1
128.9
512.0
562.0
590.1
617.7
-4.3
-15.1
-21.2
-23.6
41.2
51.8
55.1
57.4
475.1
525.3
556.2
583.9
312.1
342.5
361.6
377.7
397.2
405.6
415.6
430.7
5,583.3
5,733.1
5,804.1
5,911.2
712.9
750.5
739.9
753.0
4,870.5
4,982.6
5,064.2
5,158.2
4,738.2
4,803.3
4,876.1
4,950.7
132.3
179.3
188.1
207.5
2.7
3.6
3.7
4.0
4,683.6
4,760.9
4,795.2
4,852.1
1995:1
II
Ill
IV
5,816.1
5,873.3
5,965.3
6,039.8
4,150.3
4,183.6
4,230.0
4,271.6
3,381.6
3,416.8
3,462.7
3,506.5
768.8
766.7
767.2
765.1
22.8
20.4
19.1
27.4
455.7
462.0
470.7
474.1
131.1
133.3
131.9
138.7
629.3
653.9
698.6
707.8
-37.9
-33.9
-13.4
-5.3
56.7
58.3
61.2
61.3
610.5
629.4
650.8
651.8
407.6
421.9
431.6
437.5
426.9
420.2
415.2
420.2
5,979.5
6,030.3
6,093.5
6,185.0
767.2
795.7
799.0
818.3
5,212.3
5,234.7
5,294.5
5,366.8
4,997.4
5,070.6
5,132.1
5,188.8
214.9
164.0
162.4
178.0
4.1
3.1
3.1
3.3
4,883.0
4,876.0
4,909.1
4,956.1
1996:1
II
Ill
IV
6,119.6
6,226.8
6,303.6
6,373.9
4,303.5
4,382.4
4,444.4
4,505.9
3,542.0
3,615.2
3,673.6
3,730.9
761.5
767.2
770.9
775.0
34.8
41.0
43.2
36.7
481.3
487.0
490.3
496.4
145.0
148.4
152.1
155.3
735.9
748.3
755.4
762.0
-2.9
-6.2
1.2
3.0
68.9
71.2
72.3
73.3
669.9
683.4
681.9
685.7
446.0
454.8
454.2
461.5
419.2
419.7
418.1
417.5
6,284.3
6,390.0
6,476.7
6,549.8
849.7
893.3
899.4
919.7
5,434.6
5,496.7
5,577.3
5,630.1
5,261.1
5,356.2
5,405.2
5,482.5
173.5
140.5
172.2
147.6
3.2
2.6
3.1
2.6
4,992.0
5,018.4
5,072.8
5,089.0
1997:1
II
Ill
IV
6,509.0
6,604.5
6,704.8
6,767.9
4,586.3
4,649.2
4,715.5
4,798.0
3,802.2
3,859.2
3,919.3
3,993.6
784.1
790.0
796.2
804.4
36.4
37.8
36.3
31.4
504.1
512.1
520.2
526.6
157.5
158.0
158.6
158.8
794.3
815.5
840.9
820.8
8.1
10.3
4.8
4.3
73.8
75.5
77.2
80.1
712.4
729.8
758.9
736.4
473.6
487.8
504.7
487.1
430.4
431.8
433.3
432.4
6,666.7
6,743.6
6,820.9
6,904.9
955.6
975.8
999.0
1,025.5
5,711.2
5,767.9
5,821.8
5,879.4
5,575.8
5,616.0
5,723.3
5,781.2
135.4
151.9
98.5
98.2
2.4
2.6
1.7
1.7
5,130.8
5,167.5
5,198.4
5,235.8
1994:1
II
III
IV
";;..
1. Real DPI in chained (1992) dollars. Derived by deflation using the implicit price deflator for personal consumption expenditures.
CCAdj. Capital consumption adjustment
DPI Disposable personal income
IVA Inventory valuation adjustment
August 1998
SURVEY OF CURRENT BUSINESS
167
Personal Income by State and Region,
First Quarter 1998
By Duke Tran
The quarterly
estimates of State
personal income
are prepared by the
Regional Economic
Measurement
Division.
N THE first quarter of 1998, U.S. personal
income increased $112.0 billion, or 1.6 percent
(table A).1 The largest increase was in the Southeast region, which accounted for 25 percent of the
growth (chart 1). The increase in the Southeast
was largely accounted for by Florida, Virginia,
North Carolina, and Georgia.
By type of income, most of the increase in
U.S. personal income was accounted for by an
$80.6 billion increase in net earnings.2 Transfer
1. The estimate of personal income for the Nation is derived as the sum
of the State estimates; it differs from the estimate of personal income in the
national income and product accounts (NIPA'S) because, by definition, State
personal income omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. This estimate can also differ from the MPA estimate because
of different data sources and revision schedules.
2. Net earnings are by place of residence and are calculated as earnings
by place of work less personal contributions for social insurance plus an adjustment that converts these earnings to a place-of-residence basis. Earnings
by place of work is the sum of wage and salary disbursements (payrolls),
other labor income, and proprietors' income.
Net earnings (by place of residence) is often used to analyze changes in
the composition of personal income; earnings (by place of work) is often used
to analyze changes in the industrial structure of earnings. For the definitions
of the components of earnings, see Slate Personal Income, 1929-93011 the BEA
Web site at <www.bea.doc.gov/bea/mp.htm>.
CHART 1
Regional Shares of the U.S. Dollar Change
in Personal Income, 1997:1 V-1998:1
(U.S. dollar change=$112 billion)
Southwest (11.5%)
Great Lakes (11 .7%)
-""I
~ \
^ ^
I
'
\
Far West |
(18.0%) I
\
New England
(6.8%)
^ ^ ^ \
J^U\
^>C——
Mountain
^
^ _ _ ^ - ^
Plains (4.6%)
Rcy
ok
J (3.3%)
Southeast (25.0%)
payments increased $20.0 billion, and dividends,
interest, and rent increased $11.4 billion.
U.S. earnings by place of work increased $88.4
billion (table B). Earnings in all the industries
except farms increased; the largest increase ($32.6
billion) was in services. The decline in farm
earnings was accounted for by a decline in farm
proprietors' income, reflecting decreases in the
prices of crops and livestock.
Table 1 at the end of this article presents the
quarterly estimates of personal income for each
State and region, beginning with the first quarter
of 1995. Table 2 presents the quarterly estimates of personal income by major source and
of earnings by Standard Industrial Classification
division, beginning with the third quarter of 1996.
Growth rates by region
The first-quarter growth in personal income of
1.6 percent was the same rate as in the fourth
quarter of 1997.3 By type of income, a deceleration in net earnings was offset by accelerations in
transfer payments and in dividends, interest, and
rent. By industry, growth in earnings by place of
work decelerated in farms, in manufacturing, in
transportation and public utilities, and in trade;
earnings growth accelerated in construction, in
finance, insurance, and real estate, in services,
and in government.
In the Southwest, Far West, Rocky Mountain,
and Southeast regions, personal income grew
faster in the first quarter than in the fourth. In all
four regions, earnings growth accelerated in construction, in finance, insurance, and real estate,
in retail trade, and in government.
In the Great Lakes, New England, Plains, and
Mideast regions, personal income grew slower in
the first quarter than in the fourth. In all four
regions, earnings growth decelerated in farms,
Mideast
(19.0%)
3. In this article, the percent changes are expressed at quarterly rates.
U.S. Department ol Commerce, Bureau of Economic Analysis
Text continues on page 1/0.
168
SURVEY OF CURRENT BUSINESS
• August 1998
Table A.—-Personal Income by Component, 1997:1V—1998:1
[Seasonally adjusted]
Percent change !
Percent
change in
Net earnpersonal
ings by
income l
place of
residence 2
Net earnings by
place of
residence 2
Dividends,
interest,
and rent
Transfer
payments
1.6
1.7
0.9
1.8
1.6
1.8
2.1
1.0
1.7
1.8
1.8
1.8
2.0
2.0
.9
.8
1.9
1.9
2.1
1.2
1.0
.5
2.5
1.2
1.0
0
1.1
1.0
.7
1.1
1.6
.5
1.8
0
.9
.9
Personal
income
United States
.
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
. ..
. .
. .
Personal
income
Net earnings by
place of
residence 2
0.3
111,985
80,584
11,369
20,032
.2
7,602
2,191
5,770
1,686
780
1,052
497
346
213
43
291
108
.2
.2
.3
.3
4,139
427
271
77
3,279
293
162
3
393
64
34
34
466
70
76
40
.2
.2
.3
.3
21,314
107
15,265
0
2,132
38
3,917
69
.3
.3
Dividends,
interest,
and rent
Transfer
payments
1.1
0.2
1.4
.2
1.8
1.8
1.4
1.2
.2
.2
.2
.4
1.6
1.7
1.5
1.8
2.1
1.2
1.0
.5
1.7
.9
.6
0
.2
.2
.1
.2
1.7
2.3
1.6
.5
1.1
0
Dividends,
interest,
and rent
Transfer
payments
.5
.9
1.2
1.8
1.2
1.0
.9
.6
2.2
2.0
1.5
.8
.9
.9
1.8
1.8
1.3
1.8
1.8
1.3
1.4
1.3
.9
.2
.2
.2
.2
.3
.2
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1.1
1.4
.9
.8
1.1
1.4
1.1
1.5
.7
.6
1.1
1.5
.9
.9
.9
.8
.9
.9
1.6
1.6
1.6
1.6
1.6
1.3
1.1
1.4
.9
.8
1.1
1.4
.7
1.0
.5
.4
.7
1.0
.2
.2
.2
.1
.1
.2
.2
.2
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
1.1
.8
1.3
1.3
1.1
.8
.4
1.1
.8
1.3
1.4
1.0
.8
0
.8
.6
1.1
.9
.9
.4
.7
1.7
1.3
1.7
1.7
1.9
1.5
1.6
1.1
.8
1.3
1.3
1.1
.8
.4
.7
.5
.9
1.0
.7
.5
0
.2
.1
.2
.1
.2
.1
.1
.8
.6
.7
1.7
.8
.4
.1
.3
132
66
20
46
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1.8
1.6
2.0
1.7
.9
1.0
1.9
1.9
1.8
1.6
1.3
1.1
.2
.1
.3
.4
28,027
1,499
20,139
1,021
2,598
135
5,290
343
.7
1.9
.3
2.4
1.0
.9
1.8
2.0
.7
1.9
.2
1.3
.1
.2
.4
.4
357
96
1.8
1.6
1.7
1.7
1.9
2.3
2.0
2.0
1.1
2.0
1.8
1.8
1.9
2.0
2.6
2.2
2.3
1.0
1.1
.9
2.1
1.6
1.9
1.8
2.2
1.9
2.0
1.9
1.6
1.8
1.6
1.7
1.7
1.9
2.3
2.0
2.0
1.1
1.4
1.2
.2
.1
.1
.1
1.4
1.7
1.5
1.6
.6
.2
.1
.3
.3
.4
.4
.4
.4
.3
.3
.4
7,197
3,381
1,353
1,588
883
3,415
1,809
2,538
3,622
386
4,988
2,516
973
1,087
612
2,459
1,398
1,918
2,865
206
313
121
119
60
307
123
183
283
39
1366
551
259
381
211
649
288
437
474
141
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.9
2.1
1.5
1.2
2.0
2.1
2.3
1.4
1.1
2.2
2.0
1.9
2.1
1.8
2.1
1.9
2.1
1.5
1.2
2.0
1.4
1.5
.9
.7
1.5
.2
.2
.1
.1
.1
.3
.3
.4
.4
.3
12,858
2,159
515
813
9,371
9,661
1,595
314
461
7,291
1,055
233
51
97
673
2,142
331
150
255
1,406
Rocky Mountain
Colorado
Idaho
Montana .
Utah -.
Wvomina
1.8
2.1
.8
1.7
1.9
1.4
2.0
2.4
.4
1.9
2.1
1.5
1.9
2.0
2.2
1.9
1.8
1.8
1.8
2.1
.8
17
1.9
1.4
1.4
1.6
.2
1.1
1.5
.9
.2
1.1
1.1
.9
1.1
1.0
.2
.3
.2
.4
.4
.2
.3
3,735
2,268
198
300
811
158
2,785
1,779
62
201
641
101
394
221
46
33
68
26
556
267
90
66
102
31
1.7
2.3
1.7
.9
1.9
2.5
2.0
.7
.9
1.0
.8
.8
1.7
2.3
1.6
1.7
1.7
2.3
1.7
.9
1.2
1.7
1.3
.5
.2
.1
.1
.1
.3
.4
.2
.3
20,145
353
15,055
282
15,058
263
11,585
150
1,917
23
1,296
44
3,169
67
2,174
88
2.0
2.0
1.3
2.1
2.2
1.2
1.4
1.0
1.0
2.1
2.1
1.9
2.0
2.0
1.3
1.5
1.4
.8
.3
.2
.2
.3
.3
.3
925
676
1,592
1,937
1,164
1,220
122
160
273
128
268
445
.
1*
OCO
1.0
1.2
.9
1. Percent changes are expressed at quarterly rates and are calculated from unrounded data.
2. Net earnings by place of residence is earnings by place of work—the sum of wage and salary disbursements
(payrolls), other labor income, and proprietors' income—less personal contributions for social insurance plus an adjustment to convert earnings by place of work to a place-of-residence basis.
230
1,545
4,966
10,128
4,338
163
911
19
237
48
397
3,899
7,237
3,054
429
899
510
637
1,992
773
.2
13,144
4,912
1,245
2,013
3,154
1,821
8,622
3,579
700
1,024
1,973
1,346
1,795
572
216
374
412
221
2,728
761
329
615
768
254
.3
.2
.2
.2
.3
.2
.3
5,161
548
861
1,715
1,512
333
59
3,285
337
569
1,229
869
213
1
696
69
134
193
233
29
19
1,180
142
158
293
411
91
40
CM CM CO
.
1.1
1.0
1.0
.9
.7
CM CM CM CM
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
. ..
coco
1.4
.9
1.8
1.8
1.3
CMCMi-
1.2
1.0
.1
.2
CMCV
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Dollar change (millions)
Contribution to percent change
in personal income
(percentage points)
NOTE.—Estimates may not add to totals because of rounding.
71
843
190
SURVEY OF CURRENT BUSINESS
August 1998 •
169
Table B.—Earnings by Place of Work: Dollar Change by Industry Group, 1997:1 V-1998:1
[Millions of dollars, seasonally adjusted]
_
Private goods-producing industries
Earnings
by place
of work 1
Farms
Construc- Manufaction
turing
Total
Transportation
and public utilities
Wholesale
trade
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
88,361
Great Lakes
Illinois .
Indiana
Michigan
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
Wvomina
.;
.
.
.
.
•*
.
.
.
69,023
6,975
5,069
8,185
16,223
32,571
8,305
6,089
1,682
376
3,702
207
120
1
2,131
699
140
1,250
123
23
-104
-104
-26
-52
-6
-6
-18
797
196
21
536
1
52
-8
1,421
521
113
759
128
-23
-77
3,690
935
227
2,345
43
53
87
390
94
30
204
29
19
13
163
-97
11
227
2
14
g
364
8
1
300
15
25
14
966
478
72
549
-68
-79
14
1,808
452
113
1,064
65
73
41
268
48
9
107
42
44
17
2,260
-90
21
-185
1,038
1,126
350
-156
-15
0
-13
-05
-57
-46
1,263
45
13
101
423
262
418
1,093
-122
2
-281
639
916
-60
13,191
48
295
468
2,822
6,861
2,698
1,025
2
-82
66
335
386
318
797
5
8
98
296
240
150
1,218
49
9
197
292
454
217
3,926
-116
88
-466
727
3,001
691
6,225
108
272
573
1,172
2,780
1,321
1,307
16
150
407
106
381
246
-1,253
346
-175
-1,227
-514
317
-778
-124
-146
-28
-278
-203
1,087
226
148
215
319
179
-1,615
244
-190
-1,430
-573
335
9,665
3,419
801
1,983
2,451
1,011
931
329
135
126
223
118
752
232
87
154
206
73
1,204
373
111
306
253
161
2,408
1,001
211
437
523
236
4,370
1484
257
960
1,246
423
1,007
174
80
373
266
114
-1,045
-279
-24
14
-367
-161
-158
-69
-1,467
-406
-226
-93
-135
-310
-201
-97
132
40
78
-92
-28
119
27
-12
246
85
114
188
-219
23
16
38
4,282
561
542
1,267
1,196
405
170
141
561
69
87
117
237
0
36
15
304
5
35
142
50
46
19
7
499
76
98
87
159
63
9
6
1,045
146
103
340
296
102
28
30
1,874
265
219
581
452
195
77
85
573
120
137
87
156
35
22
16
22,154
1,104
134
5,422
2,762
1,115
1,187
655
2,788
1,504
2,113
3,160
209
4,236
285
-521
805
180
415
333
172
706
402
410
862
-13
-2,270
-119
-324
-197
-468
-120
-42
-81
-846
-55
8
-15
-10
1,979
105
18
328
316
172
103
62
245
217
123
273
16
4,395
298
-24
636
314
357
217
170
1,292
236
268
595
35
15,668
737
380
4,157
2,229
591
755
385
1,706
987
1,519
2,046
175
1,527
81
58
414
279
79
80
41
124
37
203
128
5
1,395
68
26
288
266
14
48
43
212
101
162
154
13
1,973
121
47
467
252
138
109
49
197
198
189
179
27
3,108
143
65
856
443
114
128
64
446
147
278
396
28
7,665
324
183
2,133
989
246
391
189
727
505
687
1,189
103
2,251
83
74
460
353
109
99
98
376
115
185
252
47
1,955
315
24
-137
1,754
-€11
-98
-27
-94
-392
1,166
195
25
91
856
1,114
224
22
-171
1,038
7,624
1,402
253
532
5,437
1,124
108
22
90
905
568
105
12
42
410
1,150
304
50
74
722
1,587
300
52
96
1,139
3,194
585
117
231
2,261
954
24
66
102
763
3,020
1,926
64
226
694
110
Mideast
Delaware
District of Columbia
Maryland .
New Jersey
New York
Pennsylvania
8,573
3,810
402
655
1,368
984
279
34
88
.
8,825
9,420
3,939
706
1,129
2,204
1,442
.
-7,100
10,533
1,740
343
497
7,953
New England
Connecticut . . .
Maine
Massachusetts
New Hampshire ..
Rhode Island
Vermont
11,034
16,758
-26
467
690
3,966
8,368
3,294
United States
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
Total 2
Private services-producing industries
649
645
-156
18
106
36
-207
-94
-82
-26
-4
-1
602
451
46
15
79
11
206
270
-123
28
25
7
1,941
1,103
130
169
477
62
271
155
23
49
27
17
127
65
24
3
31
4
362
208
28
22
94
9
460
291
43
28
83
14
722
384
12
67
241
17
431
179
89
39
111
13
16,576
310
12,734
165
738
1,335
1,295
2,100
87
2,272
-36
166
266
-654
-1,506
1
-1,280
-1
0
-84
-142
1,799
27
1,283
26
146
96
220
1,711
40
2,190
-63
42
241
-739
12,963
171
9,447
170
474
887
1,814
1,146
38
727
19
37
57
268
964
7
680
5
25
110
136
1,416
45
893
20
91
110
257
2,723
15
2,196
48
5
156
303
6,713
66
4,951
77
316
454
848
1,513
51
1,016
31
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income.
2. Also includes mining and agricultural services, forestry, and fishing.
NOTE.—Estimates may not add to totals because of rounding.
98
182
135
SURVEY OF CURRENT BUSINESS
1J0 • August 1998
Text continues from page 167.
in manufacturing, in wholesale trade, and in
services.
Growth rates by State
In all States, the growth rates in personal income
in the first quarter exceeded the 0.1-percent increase in the prices paid by U.S. consumers (as
measured by the price index for personal consumption expenditures). The rates of growth
in personal income ranged from a 2.3-percent
increase in Alaska to a 0.4-percent increase in
North Dakota.
The States with the fastest rates of growth in
personal income were Alaska (2.3 percent), South
Carolina (2.3 percent), Massachusetts (2.1 percent), Colorado (2.1 percent), and Arizona (2.1
percent) (chart 2). By type of income, net earnings contributed substantially more to personal
income growth in all of these States than transfer payments or dividends, interest, and rent. By
industry, services was the major contributor to
growth in earnings by place of work in all of
these States (tables C and D). In Alaska, retail
Personal Income: Percent Change, 1997:IV-1998:I
UNITED STATES 1.6%
HI 0.9
Q
Fastest growing States
Slowest growing
All other States
trade, government, manufacturing, and transportation and public utilities also contributed
substantially; in South Carolina, manufacturing,
construction, and retail trade; in Massachusetts,
manufacturing, finance, insurance, and real estate, and construction; in Colorado, construction
and finance, insurance, and real estate; and in
Arizona, finance, insurance, and real estate and
retail trade.
The States with the slowest rates of growth in
personal income were North Dakota (0.4 percent),
Delaware (0.5 percent), Vermont (0.5 percent),
and Arkansas (0.7 percent). Personal income
growth in all of these States was dampened by
little or no growth in net earnings. By industry,
large declines in farm earnings dampened growth
in earnings by place of work in North Dakota
and Arkansas. In Delaware, declines in manufacturing and in finance, insurance, and real
estate were the major contributors to a decline in
earnings. In Vermont, a decline in manufacturing was the major contributor to the negligible
growth in earnings.
Tables C, D, 1, and 2 follow. £g
August 1998
SURVEY OF CURRENT BUSINESS
•
1/1
Table C—Earnings by Place of Work: Percent Change by Industry Group, 1997:1V—1998:1
[Seasonally adjusted at quarterly rates]
Private goods-producing industries
Earnings
bv place
of work 1
Total
2
Farms
Private services-producing industries
Construc- Manufacturing
tion
Transportation
and public utilities
Total
Wholesale
trade
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
1.8
0.9
-17.2
3.2
1.0
2.3
2.1
1.6
1.8
3.8
2.3
1.1
2.1
2.0
2.0
2.6
.9
.7
0
2.9
3.2
2.9
3.8
1.8
.6
-3.7
-17.4
-17.0
3.9
-26.6
-11.6
-22.0
-17.0
5.5
5.0
1.9
8.0
.1
6.6
-1.2
2.5
3.0
3.3
3.1
2.4
-.7
^3.9
2.0
1.8
2.2
2.5
25
2.2
2.9
2.7
2.4
2.3
2.4
.9
-1.7
1.1
2.4
.1
1.7
c
1.4
.1
0
2.4
.6
1.6
1.4
3.3
4.4
6.0
3.9
-4.3
-6.0
2.5
1.9
1.8
2.2
2.1
1.1
1.4
1.5
.8
.5
.3
.7
1.7
1.7
1.2
1.8
-.2
1.3
.7
2.2
2.1
1.5
1.2
-1.6
1.1
-1.1
2.8
1.7
.6
-11.1
-18.2
.8
-2.7
.3
-3.1
2.3
1.8
-.1
2.2
.5
1.5
.8
2.5
2.4
2.1
1.7
-7.5
-14.0
-19.6
-5.9
3.0
4.1
3.1
1.6
5.4
1.8
3.5
-5.7
1.2
2.2
1.6
2.2
1.4
.7
2.4
1.8
1.9
1.0
1.2
1.7
3.5
1.1
2.2
2.1
1.7
1.1
3.2
-4.6
4.3
-5.8
4.6
3.8
4.2
2.1
2.7
1.9
1.8
2.2
2.2
2.0
.9
.8
1 1
2.1
.4
7
.9
1.1
1.6
.7
.6
1.1
1.6
-.4
.5
-.4
-1.7
-.7
1.0
-18.2
-9.6
-17.8
-3.9
-22.2
-97.0
2.4
1.7
2.2
2.3
2.9
3.2
-.7
.5
-.6
-2.4
-1.0
1.3
2.2
2.2
1.6
2.2
2.3
2.2
1.9
1.8
2.2
1.4
2.0
2.2
1.4
1.3
1.5
1.3
1.5
1.3
1.7
1.9
1.2
2.0
1.4
2.0
4.0
4.1
3.5
4.5
4.0
3.8
2.1
2.1
1.2
2.2
2.5
2.0
1.0
.6
7
1 6
1.1
.9
1.1
.8
1.5
1.4
1.0
.9
.4
.8
-1.1
-1.7
-.2
0
-1.4
-2.0
-8.9
-2.1
-20.3
-18.0
-16.7
-9.0
-59.6
-19.9
.7
1.5
3.0
-1.6
-.5
7.5
4.1
-1.6
.4
.8
1.3
.9
-1.2
.5
2.1
2.4
2.3
2.3
2.2
2.2
2.2
2.4
3.0
2.2
2.2
2.3
2.4
1.9
3.0
0
4.2
1.9
1.3
.2
1.0
1.9
.8
2.4
2.4
.9
1.6
1.7
2.3
1.0
1.8
2.4
.9
.5
4.2
4.0
3.8
4.2
4.2
4.7
5.2
3.8
2.2
2.5
2.1
2.2
1.8
2.6
3.1
3.0
1.2
17
1.9
.7
1.2
.7
1.2
9
2.1
1.7
.4
2.4
2.0
1.9
1.9
1.9
2.1
2.7
2.3
2.5
1.0
1.6
1.5
-2.7
2.1
.5
2.2
1.9
1.6
1.6
2.2
1.5
3.3
-.2
-20.8
-18.8
-23.8
-11.6
-27.4
-16.2
-9.2
-12.1
-30.1
-15.3
3.7
-5.5
3.1
2.8
.9
2.4
4.1
5.1
2.3
3.0
2.8
5.6
2.1
3.5
1.2
2.4
2.1
-.3
3.2
1.4
2.7
2.4
2.2
4.1
1.7
1.3
3.6
1.0
2.6
2.3
2.1
2.7
2.6
2.0
2.1
2.3
2.6
3.6
2.8
2.8
1.5
2.0
1.9
2.0
2.8
2.1
1.8
1.6
1.7
1.5
1.1
2.8
1.5
.3
2.1
1.8
1.5
1.9
2.2
.5
1.3
2.6
2.7
3.5
2.6
2.3
1.2
1.9
2.0
1.2
1.8
2.0
2.4
1.8
1.4
1.6
3.2
1.9
1.6
1.2
4.3
4.0
3.8
4.0
4.4
3.9
3.7
4.1
5.3
4.8
4.7
4.4
3.0
2.7
2.2
2.4
2.8
2.7
1.9
2.2
2.3
2.5
4.1
2.7
3.2
1.8
1.3
7
1.4
1.3
17
1.2
.9
1.5
1.8
1.1
1.6
.9
1.2
Southwest
Arizona
New Mexico
Oklahoma
Texas
2.1
2.4
1.5
1.1
2.2
1.4
1.8
.5
-1.1
1.7
-13.4
-15.2
-7.1
-13.1
-14.0
3.8
3.7
1.5
4.5
3.9
1.4
2.2
1.2
-2.3
1.8
2.6
3.1
2.0
2.2
2.6
2.7
2.5
1.5
2.4
2.9
1.7
1.8
1.7
2.4
3.8
1.9
1.7
2.2
4.6
4.7
4.3
4.1
4.6
2.4
2.7
1.8
2.1
2.4
1.3
.2
1.1
1 2
1.5
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wvomina
2.0
2.4
.4
1.9
2.1
1.5
1.8
3.6
-2.7
.7
1.3
1.6
-11.6
-14.3
-12.8
-10.7
-3.0
-.6
5.3
7.9
3.1
1.6
3.1
1.8
1.1
2.8
-3.8
3.1
.5
1.6
2.2
2.2
1.4
2.5
2.4
1.8
2.1
2.0
2.0
5.1
1.1
2.4
1.5
1.3
2.4
.5
1.6
1.4
2.3
2.7
1.5
1.5
2.6
1.2
4.2
4.4
4.8
4.3
3.5
4.4
1.7
1.6
.3
2.1
2.7
1.2
1.8
1.5
3.2
1.7
2.0
.8
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1.9
2.6
2.0
.8
2.2
2.3
1.2
1.0
3.3
1.5
-1.5
2.5
1.5
-2.2
-14.4
7.2
-16.0
-.6
1.1
-10.1
-10.3
3.7
3.1
4.0
2.0
3.8
2.2
3.1
1.3
6.9
2.2
-7.7
2.6
2.1
-5.8
2.5
2.9
2.4
1.2
2.0
2.7
2.9
2.1
2.9
1.9
1.0
1.9
1.6
3.6
1.8
2.1
1.8
.6
1.7
2.6
2.0
1.8
3.8
1.6
.8
2.7
1.8
2.6
4.0
3.0
4.2
2.7
.2
4.0
4.6
2.5
2.5
2.4
1.2
2.2
3.0
2.7
1.2
1.5
1.1
.6
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
Michigan
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 Virainia
. .
.
.'.
:
-12.8
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income.
c
1.6
r
.C
2.2
1.2
2. Also includes mining and agricultural services, forestry, and fishing.
NOTE.—Percent changes are calculated from unrounded data.
2.3
2.2
.8
1J2
SURVEY OF CURRENT BUSINESS
• August 1998
Table D.—Earnings by Place of Work: Contribution to Percent Change by Industry Group, 1997:1V—1998:1
[Seasonally adjusted]
Percentage points
Percent
change in
earnings
of work
Private services-producing industries
Private goods-producing industries
1
Transportation
and public utilities
Total
Total 2
Farms
Construc- Manufaction
turing
Wholesale
trade
Finance,
insurance,
and real
estate
Retail
trade
Services
Government
0.2
0.2
1.4
0.1
0.1
0.2
0.3
0.7
0.2
0
0
0
0
0
0
-.2
.3
.2
.1
.4
1.3
1.1
1.2
1.6
.3
-.1
.5
.6
.6
.5
.6
-.1
-.8
.9
.1
.1
.2
.1
.1
.1
.1
.1
-.1
.1
.2
0
.1
0
.1
0
0
.2
.1
.2
.2
.3
.6
.4
.4
-.3
-.5
.1
.6
.5
.6
.7
.3
.4
.4
.1
.1
.1
.1
.2
.3
.2
Mideast
Delaware
District of Columbia
Maryland
New Jersey
NewYork
Pennsylvania
1.8
-.2
1.3
.7
2.2
2.1
1-5
.2
-.5
.1
-.2
.6
.3
.2
0
-.1
o
0
.1
.3
0
.1
.2
.1
.2
.1
-.7
0
-.3
.4
.2
0
1.4
.3
.8
.5
1.6
1.7
1.3
.1
0
-.2
.1
.2
.1
.1
.1
0
0
.1
.2
.1
.1
.1
.3
0
.2
.2
.1
.1
.4
-.7
.2
-.5
.4
.7
.3
.7
.6
.8
.6
.7
.7
.6
.1
.1
.4
.4
.1
1
.1
1.1
1.6
.7
.6
1.1
1.6
-.2
.1
-.2
-.7
-.3
.3
-.1
0
-.1
0
-.1
-.2
.1
.1
.1
.1
.2
.2
-.2
.1
-.2
-.8
-.3
.4
1.2
1.4
.8
1.1
1.2
1.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.2
.1
.2
.3
.4
.2
.2
.3
.3
.5
.6
.3
.5
.6
.5
.1
.1
.1
.2
.1
.1
1.1
.8
1.5
1.4
1.0
.9
.4
.8
-.3
-.6
-.1
0
-.4
-.5
-1.7
-.6
-.4
-.8
-.5
-.1
-.1
-1.0
-2.2
-.9
0
.1
.2
-.1
0
.4
.3
-1
.1
.2
.3
.2
-2
.1
.2
.3
1.3
1.2
1.2
1.3
1.3
1.4
1.8
1.2
,2
.1
.2
.1
.3
0
.4
.1
.1
0
.1
.1
.1
.2
.2
.1
.3
.3
.2
.4
.3
.3
.3
.3
.6
.6
.5
.6
.5
.7
.8
.7
.2
.3
.3
.1
.2
.1
.2
.1
2.1
1.7
.4
2.4
2.0
1.9
1.9
1.9
2.1
2.7
2.3
2.5
1.0
.4
.4
-.9
A
.1
.7
.5
.5
.5
.7
.4
.7
-.1
-.2
-.2
-.9
-.1
-.3
-.2
-.1
-.2
-.6
-.1
0
0
0
.2
.2
.1
.1
.2
.3
.2
1.5
1.2
1.1
1.8
1.6
1.0
1.2
1.1
1.3
1.7
1.6
1.6
.8
.1
.1
.2
.2
.2
.1
.1
.1
.1
.1
.2
.1
.1
.1
.1
.1
.2
.3
.3
.3
.1
.7
.5
.5
.9
.7
.4
.6
.5
.6
.9
.7
.9
.5
.2
.1
.2
.2
0
.1
.1
.2
.2
.2
.1
.1
.2
.2
.1
.2
.2
.2
.2
.1
.1
.4
.2
.1
.1
.3
.2
.2
.4
.4
.1
.2
.1
.4
.5
-1
.3
.2
.6
.3
.5
1.0
.4
.3
.5
.2
2.1
2.4
1.5
1.1
2.2
.4
.4
.1
-.3
.5
-.1
-.1
-.1
-.2
-.1
,2
.3
.1
.2
.2
.2
.3
.1
-.4
.3
1.5
1.9
1.1
1.2
1.5
.2
.1
.1
.2
.3
.1
.1
.1
.1
.1
.2
.4
.2
.2
.2
.3
.4
.2
.2
.3
.6
.8
.5
.5
.6
3
.2
.2
2.0
2.4
.4
1.9
2.1
1.5
.4
.8
-.9
.2
.3
.5
-.1
-.1
-.5
-2
0
0
.4
.6
.3
.1
.2
.1
.1
.3
-.7
.2
.1
.1
1.3
1.4
.7
1.5
1.4
.8
.2
.2
.1
.4
.1
.2
.1
.1
.1
.2
0
.1
0
.3
.1
.3
.4
.2
.2
.3
.5
.5
.1
.6
.7
.2
.3
.2
.5
3
.3
.2
1.9
2.6
2.0
.8
22
2.3
1.2
.2
.7
.4
-.2
.5
.5
-.6
-.2
0
-.2
0
0
-.1
-.1
.2
.2
.2
.1
.4
.2
.2
.2
.3
.3
-.3
.1
.4
-.7
1.5
1.4
1.5
.8
1 4
1.5
1.7
.1
.3
.1
.1
1
.1
.2
.1
.1
.1
0
.1
.2
.1
.2
.4
.1
.1
.3
.2
.2
.8
.5
.8
.4
9
.8
.8
.2
4
2
.1
3
.3
.1
.
,
,
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska .
North Dakota
South Dakota
.
,
,
. ...
,...„
,
.
i
..
.
..
*
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income. Percent changes are expressed at quarterly rates and are calculated from unrounded data.
2. Also includes mining and agricultural services, forestry, and fishing.
NOTE.—Estimates may not add to totals because of rounding,
CO-
.
CVI
Far West
Alaska
.
California
Hawaii
Nevada
Oregon
Washington
COCVICV
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wvomina
.1
.2
.2
.1
.1
.4
.2
o
.3
.3
.3
.3
.2
.2
CVI^
Southwest
Arizona
New Mexico
Oklahoma
Texas
0
.2
.2
CVICVJ
. .
0
0
CVJCV,
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virainia
o
0
CO CVI CVI
-O.1
.7
.8
.8
.9
.6
.1
-1.1
CO CVI CM CM CO
0.2
2.1
2.0
2.0
2.6
.9
.7
0
CVI CO
1.8
New Enaland
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
United States
August 1998
SURVEY OF CURRENT BUSINESS
Table 1.--Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1995
Area name
I
II
1997
1996
III
I
IV
I!
III
IV
r
\
Ik
1998
III'
IV
\P
Percent change'
1997:1111997: IV
1997:1V1998:1
1.6
1.6
430,550
124,601
28,580
201,895
34,665
26,466
14,342
2.4
2.9
2.0
2.0
2.6
2.7
3.1
1.8
1.8
1.8
2.1
1.2
1.0
.5
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
1,184,607 1,194,810 1,203,048 1,215,160 1,236,233 1,252,392 1,262,579 1,280,273 1,303,513 1,314,382 1,329,269 1,352,538 1,373,852
20,257
20,842
21,493
21,927
19,190
20,658
21,820
18,586
18,853
19,646
20,916
18,476
19,838
19,063
19,362
18,017
18,002
18,518
18,792
18,068
18,308
18,655
18,768
19,133
17,953
18,231
133,879
146,810
148,225
151,544
135,000
140,788
142,701
145,498
153,090
132,154
133,215
137,463
139,238
273,884
260,939
264,335
239,500
241,671
251,390
254,333
268,918
237,700
245,793
249,200
259,780
235,237
530,585
554,550
560,925
569,570
503,400
506,656
511,888
521,731
527,781
539,518
549,359
579,698
499,539
321,554
304,407
312,449
315,228
325,892
283,891
286,159
289,342
293,291
298,104
301,041
309,190
281,248
1.8
1.5
.4
2.2
1.7
1.5
2.0
1.6
.5
1.2
1.0
1.8
1.8
1.3
Great Lakes .
Illinois
Indiana
Michigan....
Ohio
Wisconsin ..
1,010,950 1,016,351 1,025,146 1 038 089 1,050,235
299,717
302,382
306,672
312,076
298,069
126,976
128,633
125,755
124,847
125,170
227,552
229,853
234,392
232,821
227,670
255,173
249,879
252,119
257,163
247,428
117,971
114,034
116,446
115,038
112,935
1,067,370 1,080,301 1,089,650 1,109,153 1,123,712 1,133,807 1,154,583 1,167,728
320,182
324,047
334,865
338,393
350,322
316,097
329,442
345,410
133,092
138,367
139,022
136,412
142,047
143,292
131,340
134,560
251,624
241,018
249,413
242,695
247,329
255,155
257,168
238,969
265,927
277,136
261,247
264,643
271,452
281,901
285,055
274,731
121,367
126,335
127,633
130,071
131,891
119,717
122,421
124,519
1.8
2.1
2.2
1.4
1.7
1.9
1.1
1.4
.9
.8
1.1
1.4
467,865
67,939
65,641
130,858
133,627
40,239
13,347
16,214
1.4
1.8
1.5
1.5
1.3
.6
1.0
.2
1.1
.8
1.3
1.3
1.1
.8
.4
.8
1,409,214 1,428,240 1,443,156 1,473,093 1,490,630 1,507,180 1,531,646 1,559,673
86,696
90,449
85,642
87,483
88,977
89,866
91,970
93,469
47,967
48,367
48,700
49,681
47,486
49,456
50,593
50,950
355,314
372,787
346,884
351,655
367,211
376,774
383,971
362,540
170,774
172,724
181,054
168,043
176,879
178,961
183,929
187,309
77,613
81,177
76,359
78,169
79,600
82,468
83,821
80,595
86,117
90,602
86,912
88,641
92,727
85,242
89,825
94,315
49,864
48,070
48,271
49,117
50,219
51,142
47,461
52,025
163,988
166,565
170,797
174,256
161,778
173,113
177,656
181,071
73,542
74,693
75,425
76,909
78,849
80,276
82,084
77,819
117,799
119,047
124,550
116,382
121,648
123,101
126,959
129,497
169,463
171,295
175,284
176,467
178,998
182,210
185,832
167,401
32,994
33,406
34,559
34,000
34,942
33,585
34,351
35,328
1.6
1.7
1.8
1.1
1.6
1.6
2.3
1.8
2.0
1.8
1.9
1.8
1.1
1.8
1.6
.7
1.9
1.8
1.6
1.7
1.7
1.9
2.3
2.0
2.0
1.1
United States .
New England
Connecticut
Maine
Massachusetts ...
New Hampshire .
Rhode Island
Vermont
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
6,040,250 6,102,128 6,166,444 6,242,690 6,344,988 6,446,115 6,526,158 6,602,863 6,734,618 6,823,157 6,906,890 7,017,563 7,129,549
362,015
104.786
24.632
168,234
28,837
23,105
12,420
397,161
58,245
55,483
109,163
114,604
34,302
11,634
13,731
367,472
105,960
24,963
171,018
29,518
23,505
12,508
401,451
58,656
55,921
110,296
116,252
34,644
11,823
13,859
371,338
106,986
24,985
173,444
29,576
23,709
12,637
405,890
59,375
56,490
111,254
117,510
35,324
11,871
14,066
375,980
108,293
25,272
175,714
30,038
23,850
12,813
411,800
60,355
57,063
113,325
118,667
35,956
12,141
14,292
380,053
109,680
25,588
177,343
30,485
23,944
13,014
422,960
62,423
58,652
116,338
120,825
36,982
12,861
14,880
1,315,560 1,331,076 1,346,874 1,366,190 1,384,339
84,107
83,195
81,660
82,513
80,863
46,105
46,328
44,661
45,249
44,029
341,767
334,527
325,849
330,253
321,913
164,035
154,384
156,073
158,686
162,061
72,329
72,917
73,992
74,903
71,479
82,892
83,938
81,810
82,989
81,258
45,978
46,608
44,681
45,289
44,245
151,482
156,685
157,990
153,315
148,915
72,159
70,531
71,553
69.074
69,861
114,507
112,307
113,991
111,128
109.671
160,884
162,734
165,270
159,637
157,956
32,037
32,726
32,379
31,905
31,771
385,795
111,186
25,970
180,394
30,828
24,250
13,167
430,169
63,291
59,313
118,861
122,706
37,663
13,101
15,235
389,569
112,010
26,261
182,374
31,242
24,370
13,312
435,915
64,116
60,082
120,788
124,025
38,067
13,345
15,492
395,684
113,754
26,651
185,460
31,689
24,735
13,394
440,337
64,558
60,607
121,864
125,565
38,803
13,334
15,608
404,453
116,868
27,105
189,565
32,188
25,114
13,613
445,140
65,041
61,909
123,357
127,808
38,862
12,706
15,458
409,190
118,276
27,440
191,569
32,706
25,423
13,776
452,003
65,961
63,112
125,666
129,036
39,423
12,930
15,875
413,169
119,006
27,530
193,932
33,363
25,508
13,829
456,535
66,232
63,814
127,249
130,373
39,665
13,152
16,050
422,948
122,410
28,083
197,756
34,238
26,195
14,265
462,704
67,391
64,780
129,143
132,115
39,906
13,288
16,082
Southwest
Arizona .
New Mexico
Oklahoma
Texas ...
568,332
85,355
30,202
60,309
392,466
575,996
86,456
30,541
61,036
397,964
584,172
88,342
31,003
61,599
403,228
592,542
89,956
31,325
62,380
408,881
603,416
92,246
31,761
63,165
416,243
613,181
93,867
32,102
64,254
422,958
623,216
95,629
32,365
65,022
430,200
630,148
96,687
32,553
65,562
435,345
648,384
99,285
33,260
67.403
448,435
659,109
100,983
33,842
68.040
456.243
671,721
102,775
34,094
68,551
466,301
680,238
105,031
34,520
68,002
472,685
693,096
107,190
35,035
68,815
482,056
1.3
2.2
1.2
-.8
1.4
1.9
2.1
1.5
1.2
2.0
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
172,959
90,017
21,940
15,906
35,211
9,886
174,619
90,798
22,121
16,042
35,692
9,966
177,461
92,439
22,438
16,246
36,282
10,057
180,763
93,682
22,960
16,447
37,476
10,199
183,516
95,758
23,111
16,584
37,888
10,175
187,099
97,504
23,563
16,810
38,883
10,340
190,028
99,179
23,798
17,011
39,601
10,439
192,116
100,466
23,897
17,199
40,059
10,495
196,070
102,643
24,281
17,280
41,118
10,748
199,311
104,519
24,624
17,527
41,783
10,858
203,066
106,742
25,064
17,732
42,545
10,982
206,008
108,705
25,227
18,085
42,882
11,109
209,743
110,973
25,425
18,385
43,693
11,267
1.4
1.8
.6
2.0
.8
1.2
1.8
2.1
.8
1.7
1.9
1.4
1,206,897 1,227,042
15,634
15,987
879,320
894,375
31,096
31,379
46,258
47,184
80,742
82,333
153,847
155,784
1.2
1.0
1.1
-.3
2.4
1.2
1.9
1.7
2.3
1.7
.9
2.0
2.0
1.3
Far West
Alaska
California.
Hawaii
Oregon
Washington .
p Preliminary.
r
Revised.
1. Percent changes are
1,028,666 1,040,352 1,052,513 1,062,166 1,084,236 1,100,895 1,116,309 1,131,498 1,154,811 1,174,822 1,192,143
14,990
15,475
14,799
14,811
14,921
15,220
15,468
14,599
14,640
14,513
14,521
869,607
813,415
840,674
855,571
791,319
824,940
760,910
769,110
775,349
803,049
753,101
29,905
30,052
30,171
30,159
30,586
30,827
29,638
31,190
29,655
29,713
29,363
43,054
39,041
40,283
41,313
42,213
44,092
44,852
45,194
38,337
37,505
36,905
70,634
79,766
71,919
73,282
74,621
75,661
77,666
78,620
69,377
68,220
67,288
136,011
140,968
142,695
146,572
150,911
138,388
149,483
129,549
131,453
132,789
127,488
at quarterly rates and are calculated from seasonally adjusted unrounded data,
NOTE.—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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
and revision schedules.
SURVEY OF CURRENT BUSINESS
1998
174
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
New England
United States
Item
Line
1996
1997
1997
1996
1998
Income by Place of Residence
6,526,158
6,477,125
Personal income (lines 4-11) .
Nonfarm
Farm (line 17)
49,033
6,602,863 6,734,618 6,823,157 6,906,890 7,017,563 7,129,549 389,569
6,553,325 6,691,749 6,777,563 6,863,433 6,976,342 7,095,427 388,871
49,537
42,868
45,594
43,457
41,222
34,122
395,684
394,994
404,453
403,895
558
409,190
408,580
610
413,169
412,539
630
422,948
422,348
600
430,550
430,054
495
300,388
19,495
5,898
286,791
80,587
63,172
1,505
61,667
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
4,582,349 4,641,773 4,730,008
307,752
311,016
317,710
-3,431
-3,487
-3,574
4,271,166 4,327,271 4,408,724
1,182,632 1,194,204 1,218,792
1,072,360 1,081,388 1,107,102
20,804
21,092
21,654
1,051,556 1,060,296 1,085,448
4,797,643
320,837
-3,650
4,473,156
1,233,114
1,116,887
21,487
1,095,400
4,864,261
324,320
-3,728
4,536,214
1,245,084
1,125,592
21,092
1,104,500
4,961,778 5,050,139 267,618 272,935 278,989 282,460 285,106 294,299
329,888 337,577 17,505 17,823 18,237 18,388 18,480 19,035
5,554
5,467
5,547
5,721
-3,809
^3,897
5,336
5,757
4,628,081 4,708,666 255,449 260,578 266,306 269,620 272,347 281,021
1,254,782 1,266,151 74,995 75,646 77,342 78,317 79,136 79,806
1,134,700 1,154,732 59,125 59,460 60,806 61,253 61,686 62,121
1,524
1,594
1,537
1,508
20,972
20,864
1,475
1,475
1,113,728 1,133,868 57,650 57,936 59,211 59,716 60,178
3,656,592 3,710,868
408,180
408,848
522,057
517,577
34,149
33,829
487,908
483,748
3,796,229
412,075
521,704
27,302
494,402
3,852,896
414,873
529,874
29,844
500,030
3,912,989
417,464
533,808
27,524
506,284
4,001,220 4,083,942
421,139 424,840
539,419 541,357
25,111
17,830
514,308 523,527
49,537
49,033
4,533,316 4,592,236
3,837,692 3,893,192
30,244
30,312
38,816
39,136
257,148
261,072
831,872
508,440
510,788
318,148
321,084
311,160
310,276
291,456
425,160
416,636
385,548
378,332
1,292,160 1,318,360
699,044
695,624
132,340
131,948
48,752
48,484
514,924
518,220
42,868
45,594
43,457
4,687,140 4,752,049 4,820,804
3,977,902 4,037,696 4,099,877
31,140
32,246
33,384
40,560
41,403
41,794
266,364 269,773 272,094
849,592 861,621 872,347
523,095 531,645 538,810
326,496 329,976 333,537
318,589 323,222 328,759
298,120 303,336 308,289
431,081 434,124 439,907
393,476 402,393 412,157
1,348,981 1,369,579 1,391,145
709,238 714,354 720,927
135,550 135,201 134,709
49,467
49,153
49,222
524,221 530,000 536,996
41,222
34,122
4,920,557 5,016,018
4,193,242 4,280,398
33,715
34,158
42,675
42,968
278,619
287,444
894,412
902,985
555,328
560,507
339,084
342,477
336,101
343,076
314,420
319,490
448,564
456,749
422,306
438,528
1,422,429 1,455,001
727,315
735,619
135,064
137,157
48,884
49,516
543,367
548,946
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
215,658
23,609
28,351
351
28,000
220,452
23,820
28,663
340
28,323
225,960
24,050
28,979
204
28,775
228,965
24,182
29,313
252
29,061
231,218
24,200
29,689
268
29,421
239,344
24,719
30,236
233
30,003
244,594
25,030
30,764
125
30,639
690
272,244
558
278,431
244,972
1,628
213
13,819
52,415
35,285
17,130
14,510
17,842
24,721
610
281,850
248,118
1,666
221
13,730
53,211
630
600
284,476 293,699
250,296 259,262
1,736
1,758
222
227
495
299,892
91,136
33,459
5,582
1,274
26,603
92,140
33,732
5,589
1,267
26,876
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6 ..
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
."."
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State andi localH!!....!""".!....!
266,920
233,996
1,573
213
13,116
50,961
34,385
16,576
14,282
17,100
24,139
26,533
86,079
32,924
5,348
1,249
26,328
1,592
206
13,384
51,512
34,889
16,623
14,361
17,570
24,605
27,165
88,972
32,877
5,378
1,248
26,251
New Hampshire
Item
Line
1996
35,933
17,278
14,829
18,346
24,875
29,100
13,795
53,928
36,546
17,382
14,917
18,529
25,134
29,225
92,811
34,180
5,543
1,254
27,384
14,437
55,985
38,237
17,748
15,450
19,128
26,281
29,346
96,650
34,438
5,607
1,225
27,606
265,187
1,778
223
15,234
57,406
39,339
18,067
15,840
19,290
26,645
30,312
98,458
34,705
5,654
1,208
27,843
Rhode Island
1998
1997
1997
1996
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
31,242
31,195
47
31,689
31,642
47
32,188
32,144
43
32,706
32,660
46
33,363
33,317
46
34,238
34,194
44
34,665
34,626
39
24,370
24,339
19,925
1,378
2,610
20,460
1,415
2,760
21,805
6,258
4,125
37
4,087
20,882
1,439
2,767
22,210
6,337
4,159
33
4,126
21,471
1,478
2,771
22,764
6,404
4,196
35
4,160
22,260
1,530
2,812
23,542
6,459
4,237
41
4,196
22,467
1,549
2,917
23,835
6,523
4,307
34
4,273
15,257
21,156
6,059
4,027
33
3,993
20,283
1,402
2,665
21,547
6,117
4,026
35
3,991
15,748
1,826
2,351
20
2,331
16,087
1,837
2,359
21
2,338
16,256
1,827
2,376
16
2,360
16,619
1,855
2,407
19
2,389
17,157
1,900
2,414
18
2,396
17,845
1,951
2,463
16
2,447
18,026
1,953
2,488
11
2,478
47
19,878
47
20,236
17,942
43
20,416
18,079
121
19
1,200
4,616
3,282
1,334
1,167
1,397
2,417
1,378
5,763
2,338
386
44
1,908
46
20,836
18,471
125
19
1,234
4,793
3,425
1,368
1,184
1,446
2,450
1,411
5,810
2,365
386
44
1,936
46
21,426
18,953
130
18
1,206
4,990
3,620
1,370
1,192
1,584
2,476
1,434
5,924
2,473
389
43
2,041
44
22,216
19,797
132
22
1,288
5,267
3,859
1,408
1,236
1,576
2,596
1,580
6,099
2,418
401
42
1,975
39
22,428
31
24,735
24,704
31
25,114
25,085
25,423
25,391
32
25,508
25,477
31
26,195
29
29
26,466
26,444
23
15,578
1,221
994
15,351
4,490
4,894
16,007
1,250
1,044
15,801
4,612
5,011
154
4,857
15,969
1,241
1,068
15,796
16,637
1,291
1,079
16,425
4,677
5,093
164
4,929
16,757
1,304
1,134
16,587
4,711
5,169
160
5,009
13,773
1,323
1,541
18
1,523
13,873
1,316
1,568
11
1,556
26,166
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
176
4,703
4,718
15,748
1,234
1,037
15,550
4,568
4,996
179
4,817
12,519
1,274
1,463
21
1,442
12,815
1,289
1,474
20
1,454
12,969
1,287
1,491
19
1,472
13,205
1,297
1,505
21
1,484
13,167
1,280
1,522
20
1,502
31
31
15,547
13,070
106
8
728
29
15,225
12,757
108
8
714
32
15,974
31
15,938
13,409
114
2,955
3,029
1,885
1,889
1,141
762
791
1,198
975
15,033
4,458
4,879
177
4,649
5,064
171
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
...
"
State and local
See footnotes at end of table.
17,553
115
20
1,177
4,635
3,338
1,297
1,156
1,303
2,295
1,277
5,575
2,325
369
43
1,914
117
21
1,174
4,633
3,333
1,300
1,157
1,407
2,397
1,322
5,715
2,293
373
42
1,878
19,968
134
19
1,289
5,395
3,987
1,408
1,265
1,577
2,612
1,512
6,164
2,460
409
41
2,010
1,070
758
778
1,410
1,443
1,091
1,097
5,105
2,477
451
224
1,802
4,935
2,469
441
215
1,813
15,718
13,178
105
8
758
3,124
1,921
1,203
779
799
1,453
1,112
5,039
2,540
463
237
1,840
13,349
108
9
753
3,057
1,929
1,128
794
808
1,477
1,189
5,154
2,626
467
234
1,926
9
772
3,016
1,917
1,099
781
814
1,515
1,180
5,208
2,529
471
226
1,832
16,608
14,009
117
23
16,734
14,091
118
10
784
3,141
2,044
1,097
819
857
1,549
1,313
5,420
2,599
475
218
1,906
3,118
2,024
1,094
837
871
1,574
1,234
5,493
2,643
480
224
1,940
SURVEY OF CURRENT BUSINESS
August 1998
•
1J5
1998
Line
and Earnings by Industry, 1996:111-1998:1'
adjusted at annual rates]
Maine
Connecticu
1997
1996
IIr
\P
IV
lr
IV
III
Massachusetts
1997
1996
1998
IK
1998
\p
IV
1997
\p
III
IV
\"
II'-
28,580
28,503
182,374
182,211
185,460
185,297
189,565
189,397
191,569
191,377
193,932
193,726
197,756
197,562
74
77
163
163
168
192
206
194
17,864
1,259
18,359
1,293
18,735
1,324
251
264
266
16,856
5,065
5,609
17,330
5,102
5,650
17,676
5,145
5,759
131,275
8,337
-3,217
119,720
34,694
27,960
134,155
8,499
-3,293
122,362
34,961
28,137
137,133
8,697
-3,397
125,040
35,789
28,737
138,491
8,745
-3,412
126,334
36,281
28,954
140,414
8,830
-3,474
128,110
36,691
29,131
143,955
9,025
-3,504
131,427
37,027
29,303
III
IV
I'-
112,010
111,808
113,754
113,552
l l 6,868
116,732
118,276
118,125
119,006
118,849
122,410
122,260
124,601
124,476
26,261
26,149
26,651
26,541
27,105
27,029
27,440
27,363
27,530
27,455
28,083
28,009
202
202
136
151
158
150
125
112
110
76
77
75
75,092
4,774
4,671
74,989
22,179
14,842
76,514
4,861
4,788
76,441
22,394
14,919
78,888
5,019
4,846
78,715
22,871
15,282
79,975
5,064
4,830
79,741
23,137
15,397
80,162
5,049
5,011
80,123
23,362
15,521
83,450
5,246
5,007
83,211
23,545
15,653
85,132
5,370
5,136
84,898
23,758
15,945
17,082
1,208
17,379
1,228
17,628
1,250
17,869
1,264
227
233
229
236
16,101
4,814
5,346
16,385
4,864
5,403
16,607
4,966
5,532
16,842
5,019
5,579
III'-
1996
III'-
IV
III'
143 .
147,657
9,294
-0,657
134,706
37,420
29,769
395
402
407
380
374
375
379
114
116
122
120
106
102
111
705
743
793
793
771
741
767
14,447
14,517
14,875
15,017
15,147
15,279
15,566
5,232
5,286
5,410
5,459
5,503
5,548
5,647
27,255
27,394
27,944
28,161
28,360
28,562
29,002
59,968
6,746
8,378
61,304
6,805
8,405
63,388
6,938
8,561
64,284
6,983
8,708
64,399
6,914
8,849
67,251
7,141
9,058
68,666
7,235
9,231
13,533
1,493
2,056
13,796
1,504
2,079
14,065
1,513
2,050
14,293
1,525
2,051
14,301
1,507
2,056
14,766
1,535
2,058
15,090
1,556
2,089
106,894
11,443
12,938
109,403
11,563
13,188
112,102
11,660
13,371
113,303
11,694
13,494
114,940
11,781
13,693
118,090
11,921
13,945
121,300
12,132
14,226
107
106
39
53
58
50
23
38
36
1
1
-2
-4
-2
69
68
72
94
107
95
42
8,272
8,299
8,521
8,656
8,791
9,008
9,208
2,018
2,043
2,049
2,051
2,058
2,062
2,090
12,869
13,120
13,299
13,399
13,585
13,850
14,184
202
202
136
151
158
150
125
112
110
76
77
75
74
77
163
163
168
192
206
194
143
74,890
66,080
76,312
67,690
78,751
69,974
79,824
71,002
80,004
70,811
83,300
74,403
85,007
76,062
16,971
14,136
17,269
14,389
17,552
14,620
17,793
14,854
17,789
14,868
18,285
15,295
18,658
15,659
131,112
115,975
133,992
118,740
136,965
121,507
138,299
122,707
140,208
124,512
143,761
127,703
147,515
131,349
408
93
415
87
421
90
430
92
452
91
463
91
469
92
194
4
198
5
198
5
208
5
218
4
218
4
221
4
684
66
693
64
717
70
729
74
754
76
758
76
765
76
3,528
15,615
10,958
4,658
3,908
4,807
5,950
9,232
22,540
8,810
1,125
3,538
15,832
11,239
4,593
3,971
4,935
6,190
9,421
23,303
8,622
1,113
3,750
16,216
11,446
4,771
4,050
5,045
6,149
10,403
23,847
8,778
1,116
3,775
16,616
11,729
4,887
4,045
5,363
6,153
10,310
24,219
8,822
1,113
3,733
16,346
11,502
4,844
4,128
5,273
6,198
10,174
24,416
9,193
1,107
3,924
17,282
12,305
4,978
4,273
5,597
6,528
10,760
25,485
8,897
1,128
4,119
17,803
12,700
5,103
4,367
5,500
6,536
11,238
25,937
8,945
1,132
1,128
3,220
1,547
1,673
1,193
3,216
1,543
1,673
1,173
3,335
1,647
1,688
1,004
1,136
3,374
1,658
1,716
1,034
1,114
3,302
1,571
1,731
1,029
1,070
3,452
1,674
1,778
1,050
1,012
2,185
1,203
5,101
2,990
1,091
3,565
1,770
1,795
1,080
1,023
2,186
1,275
5,213
2,999
5,935
22,695
15,330
7,365
6,959
8,830
11,520
13,357
45,929
15,137
2,611
6,126
22,962
15,556
7,405
6,969
9,031
11,549
13,721
47,625
15,252
2,636
6,321
23,228
15,609
7,619
6,998
9,199
11,649
14,188
49,137
15,458
2,762
6,208
23,483
15,818
7,664
7,247
9,303
11,717
14,498
49,450
15,592
2,777
6,356
24,389
16,574
7,815
7,259
9,408
11,813
14,746
49,711
15,697
2,731
6,718
24,877
16,925
7,953
7,525
9,598
12,410
13,944
51,796
16,058
2,761
7,254
25,637
17,497
8,140
7,729
9,825
12,710
14,493
52,861
16,166
2,787
988
929
988
935
2,021
1,069
4,582
2,835
2,065
1,104
4,686
2,880
940
962
974
2,082
1,114
4,768
2,932
2,099
1,172
4,866
2,938
2,139
1,168
4,920
2,921
385
388
393
396
395
377
358
575
205
577
205
620
212
614
208
611
205
612
206
612
206
7,299
7,121
7,269
7,313
7,691
7,391
7,455
2,055
2,098
2,100
2,117
2,105
2,172
2,181
1997
\r
IV
III
IIr
347
346
343
343
339
337
12,269
12,350
12,472
12,623
12,958
13,041
\P
IV
III'-
13,394
13,258
13,613
13,508
13,776
13,664
13,829
13,714
14,265
14,157
144
137
105
113
115
108
8,987
9,025
9,133
9,236
9,226
9,639 .
610
71
612
79
622
79
627
82
623
95
651 1
97
8,449
2,792
2,072
8,493
2,820
2,082
8,589
2,890
2,133
8,692
2,931
2,153
8,698
2,966
2,165
9,086
2,995
2,184
III
lr
II'
III'-
IV
1998
III'-
IV
\P
9,640
654
103
9,089
3,029
2,224
51
52
56
56
51
52
54
2,030
2,078
2,097
2,114
2,132
2,170
6,996
7,045
7,178
7,262
7,254
7,620
7,639
827
822
825
827
818
848
838
1,165
1,158
1,130
1,147
1,155
1,171
1,163
97
89
57
64
66
58
40
1,068
1,069
1,073
1,083
1,088
1,113
1,123
144
137
105
113
115
108
90
8,844
7,495
8,889
7,537
9,028
7,615
9,124
7,736
9,111
7,743
9,531
8,056
9,550
8,058
64
21
634
64
22
624
65
21
616
66
23
624
69
23
614
70
24
653
71
23
646
1,841
1,328
1,841
1,329
1,894
1,380
1,890
1,375
1,885
1,362
1,965
1,430
1,888
1,360
514
513
454
942
508
512
514
472
962
501
514
512
461
970
493
515
525
465
979
521
524
528
476
992
522
535
547
489
527
561
494
2,519
1,348
, 2,538
• 1,352
2,583
1,413
2,642
1,388
2,633
1,368
1,027
546
560
2,748
1,476
2,789
1,493
227
42
229
42
234
43
233
42
233
43
229
42
233
43
1,079
1,082
1,136
1,113
1,092
1,204
1,216
1996
1997
IIr
IV
III
14,342 1,262,579 1,280,273 1,303,513 1,314,382 1,329,269 1,352,538 1,373,852
14,252 1,260,341 1,277,976 1,302,098 1,312,906 1,327,791 1,351,127 1,372,597
2,239
2,296
1,476
1,415
1,478
1,255
1,411
90
2,021
1,013
IV
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Delaware
1997
1996
1998
13,312
13,168
359
12,167
Mideast
Vermont
1996
1
2
201,895
201,752
1998
Line
I*
20,257
20,134
20,658
20,517
20,916
20,824
20,842
20,750
21,493
21,398
21,820
21,740
21,927
21,862
123
141
92
92
95
80
65
15,900
16,663
1,022
-1,368
14,274
4,181
3,038
16,945
1,041
-1,357
14,546
4,253
3,128
13,442
1,521
1,981
875,401
58,570
-12,447
804,384
237,161
221,034
5,519
215,515
890,413
59,416
-12,665
818,332
239,266
222,674
5,183
217,491
905,101
60,512
-12,873
831,715
243,909
227,889
5,290
222,599
911,265
60,659
-12,700
837,906
246,540
229,936
5,315
224,621
923,213
61,246
-13,035
848,932
248,767
231,570
5,101
226,469
943,831
62,448
-12,965
868,417
250,613
233,508
5,165
228,343
960,589
63,813
-13,093
883,682
252,745
237,425
4,991
232,434
957
976
993
975
-1,227
13,389
3,970
2,898
-1,268
13,693
4,000
2,965
-1,289
13,834
4,097
2,985
-1,240
13,684
4,141
3,016
97
126
70
71
2,801
2,839
2,915
2,945
2,973
16,971
1,039
-1,386
14,546
4,215
3,059
58
3,001
706,521
75,504
93,377
1,121
92,256
720,057
75,874
94,483
1,169
93,314
734,367
76,231
94,503
739,868
76,154
95,243
750,597
76,575
96,041
769,165
77,399
97,267
783,962
78,009
98,618
12,138
1,489
1,945
12,424
1,500
2,013
12,652
1,512
1,951
12,498
1,465
1,936
13,152
1,543
1,968
13,449
1,550
1,972
274
321
310
231
62
95
113
64
63
66
50
35
94,229
94,921
95,731
97,036
98,556
1,850
1,900
1,888
1,874
1,902
1,922
1,946
2,239
873,163
735,246
3,956
2,067
39,380
128,116
64,180
63,936
57,912
53,131
67,067
110,240
273,377
137,916
34,276
4,239
99,402
2,296
888,117
749,770
3,985
2,182
40,226
128,664
64,321
64,343
57,460
53,816
68,545
115,346
279,545
138,347
34,357
4,184
99,805
1,415
903,686
764,346
4,039
2,136
41,185
131,155
65,457
65,698
58,197
55,071
69,466
118,326
284,771
139,340
34,911
4,255
100,175
1,476
909,789
767,590
4,113
2,224
41,178
132,211
65,894
66,317
58,936
55,919
69,648
116,278
287,083
142,199
34,814
4,280
103,106
1,478
921,735
780,286
4,275
2228
40,987
133,360
65,790
67,570
60,164
56,525
70,370
121,337
291,040
141,449
34,792
4,280
102,377
1,411
942,419
799,252
4,507
2,292
42,095
137,423
68,535
68,888
61,156
57,693
72,046
123,425
298,615
143,167
34,745
4,275
104,147
1,255
959,334
814,859
4,559
2,302
43,357
138,516
69,595
68,921
62,181
58,489
73,264
127,350
304,841
144,475
35,204
4,320
104,950
15,573
15,937
16,116
65 v
67
3,061
123
141
92
92
95
80
65
15,450
13,507
15,796
13,864
16,024
14,066
15,808
13,856
16,568
14,583
16,891
14,902
16,879
14,874
64
7
63
7
65
7
67
7
69
7
71
7
72
7
1,103
4,382
1,257
4,336
1,174
4,637
1,069
4,234
1,117
4,627
1,152
4,393
855
826
888
838
973
3,527
3,511
3,748
3,396
3,654
1,106
4,515
1,017
3,498
704
597
689
602
690
601
699
609
723
615
747
648
749
652
1,276
1,927
3,448
1,943
1,290
2,092
3,528
1,932
1,330
1,952
3,612
1,958
1,323
2,202
3,646
1,952
1,348
2,259
3,817
1,985
1,375
2,495
3,937
1,989
1,424
2,379
4,045
2,005
938
3,455
247
170
244
167
241
169
239
168
239
167
242
165
245
167
1,527
1,521
1,547
1,544
1,578
1,582
1,593
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Ij6
SURVEY OF CURRENT BUSINESS
• August 1998
Table 2—Personal Income by Major Source
[Millions of dollars, seasonally
District of Columbia
Maryland
1997
Item
Line
1998
1997
1996
1998
Income by Place of Residence
18,518
18,518
0
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
18,655
18,655
0
18,768
34,364
2,200
-20,775
11,389
3,263
3,867
77
3,790
34,570
2,209
-20,923
34,985
2,235
-21,309
11,442
19,362
19,362
0
140,788
142,701
142,355
346
145,498
338
35,611
3,978
-21,528
11,834
3,429
4,099
70
4,030
86,314
5,880
13,617
94,051
25,515
21,222
347
20,875
87,803
5,972
13,700
95,531
25,713
21,457
346
21,111
89,407
6,097
13,957
97,267
26,227
22,004
369
21,635
90,454
6,144
13,761
98,071
26,528
22,211
368
21,843
30,452
2,681
2,243
0
2,243
30,251
2,617
2,277
0
2,277
30,685
2,623
2,303
0
2,303
71,481
7,196
7,637
226
7,411
72,897
7,246
7,659
233
7,426
74,535
7,304
7,568
62
7,506
75,497
7,332
7,625
64
7,561
0
35,376
0
35,144
21,212
533
17
422
0
35,611
21,529
970
131
837
1,432
326
850
2,048
14,616
132
838
14,888
13,932
14,082
11,390
737
1,805
11,516
748
1,818
346
87,457
68,718
520
74
5,951
8,020
4,322
3,698
5,069
5,000
8,461
6,831
28,792
18,739
7,517
1,343
9,879
177
89,230
70,387
968
338
85,976
67,384
517
73
5,818
8,028
4,366
3,662
5,078
4,904
8,287
6,692
27,988
18,592
7,448
1,370
9,775
180
90,275
71,121
536
80
6,228
8,277
4,451
3,826
5,159
5,137
8,532
7,230
29,943
19,154
7,742
1,408
10,004
18,792
18,792
0
19,063
19,063
0
19,133
19,133
0
34,588
18,768
0
35,376
2,238
-21,497
11,641
2,212
-21,262
140,450
145,321
177
146,810
146,630
148,225
148,043
181
151,544
151,368
177
153,090
91,033
6,160
14,152
94,305
6,367
94,995
6,435
14,014
101,952
26,980
14,303
102,863
27,217
387
22,033
22,612
387
22,225
23,009
364
22,645
76,037
7,316
7,680
64
7,615
79,006
7,522
7,777
58
7,719
79,645
7,475
7,875
44
7,831
181
177
94,129
152,926
163
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence3
Equals: Net eamjngs by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
2,196
86
3,840
3,349
3,977
72
3,905
-20,985
11,407
3,373
4,012
81
3,931
29,495
2,711
2,158
0
2,158
29,722
2,703
2,145
0
2,145
30,103
2,698
2,184
0
2,184
29,737
2,642
2,210
0
2,210
0
34,364
20,437
0
34,570
20,720
353
14
0
34,985
15
420
0
34,588
20,592
345
12
397
960
959
118
841
1,364
307
882
1,971
111
848
1,318
287
870
1,981
14,423
13,996
11,450
736
1,809
11,437
3,292
3,926
3,394
4,028
74
3,954
35,144
11,671
3,411
4,051
73
2,249
26,779
22,420
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military'
'.
State and local
331
14
386
947
122
825
1,348
295
887
1,887
14,342
13,927
11,200
735
1,992
389
952
116
836
1,349
294
887
1,970
14,513
13,849
11,193
733
1,924
20,899
352
14,628
14,086
11,505
745
1,836
21,270
395
18
428
1,002
113
889
1,328
332
876
2,089
14,802
14,106
11,432
727
1,947
539
17
435
1,350
333
859
2,135
529
78
6,199
8,234
4,434
3,800
5,134
5,034
8,562
7,060
29,556
18,844
7,702
1,369
9,772
Great Lakes
Item
Line
1996
90,852
71,583
542
78
6,169
8,356
4,503
3,853
5,170
5,236
8,632
7,224
30,177
7,791
1,411
10,067
74,762
570
79
6,314
9,042
5,050
3,993
5,379
5,338
8,935
8,006
31,098
19,367
7,729
1,407
10,231
163
94,832
75,058
577
81
6,415
8,761
4,655
4,107
5,445
5,436
9,132
7,541
31,670
19,774
7,937
1,423
10,415
Illinois
1998
1997
1996
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
1,080,301 1,089,650 1,109,153 1,123,712 1,133,807 1,154,583 1,167,728
1,075,572 1,084,851 1,104,819 1,119,138 1,129,465 1,150,306 1,164,228
4,277
4,729
4,334
4,799
4,574
4,342
3,499
320,182
318,404
1,777
324,047
322,191
1,856
329,442
328,111
1,331
334,865
232,446
235,809
15,652
240,433
15,888
-582
243,122
-634
219,624
223,963
63,822
47,080
1,265
45,815
226,509
64,428
47,456
1,264
44,432
63,097
46,720
1,297
45,423
187,120
20,959
24,367
1,549
22,817
190,512
21,024
24,273
1,021
23,252
194,389
21,319
24,725
1,074
23,651
1,856
1,331
234,479
205,276
1,387
239,046
209,487
1,156
736
13,232
47,481
28,879
18,602
17,680
17,279
19,283
23,595
69,045
29,559
4,711
1,181
23,666
333,478
1,387
338,393
337,045
345,410
344,118
1,292
350,322
349,153
1,283
46,173
249,752
16,397
-654
232,702
64,914
47,795
1,258
46,537
253,691
16,725
-685
236,281
65,485
48,556
1,227
47,330
196,747
21,396
24,980
1,031
23,949
202,599
21,742
25,410
972
24,439
206,129
21,864
25,698
845
24,853
1,348
1,292
248,459
218,180
1,215
713
13,301
50,231
30,771
19,460
18,402
17,904
19,880
24,609
71,924
30,280
4,767
1,264
24,249
1,169
252522
222,068
1,231
697
13,527
50,475
30,875
19,600
18,731
18,136
20,254
25,610
73,407
30,454
4,861
1,295
24,297
1,348
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
721,989
2,960
728,405
191,474
166,838
3,553
163,285
193,030
168,215
3,728
164,488
789,743
52,433
3,043
740,353
196,934
171,866
3,938
167,928
625,967
77,237
67,074
2,931
64,143
632,439
76,954
67,573
2,981
64,593
644,541
77,245
67,957
2,495
65,462
4,729
765,549
667,730
3,623
2,478
42,931
209,810
147,497
62,312
46,513
49,581
66,731
53,976
192,087
97,818
14,049
2,500
81,270
4,799
772,168
673,489
3,589
2,468
43,301
209,929
147,106
62,822
46,358
50,301
67,919
54,557
195,066
98,679
14,113
2,483
82,083
4,334
4,574
785,409 796,720
685,729
3,703
3,821
2,460
2,566
44,183 45,110
213,474 215,752
149,715 151,131
63,759 64,621
47,222 48,539
51,561 52,414
770,278
51,180
2,891
776,967
51,521
801,294
52,976
3,080
751,398
199,201
173,113
3,824
654,555
77,767
68,972
2,713
66,259
53,284
3,107
758,403
201,096
174,308
3,774
170,533
827,671
54,383
3,153
776,442
202,624
175,517
3,722
171,795
837,091 229,345
55,264 15,226
3,237
-549
785,064 213,570
204,419 61,301
178,245 45,311
1,228
3,695
174,549 44,083
661,441
77,758
69,381
2,459
66,922
678,596
78,706
70,369
2,373
67,996
687,811
78,597
70,684
1,574
69,109
184,450
20,939
23,956
1,466
22,490
4,277
823,394
720,586
4,016
3,936
2,578
2,465
45,973
44,705
217,217 223,311
156,734
152,151
66,577
65,066
49,935
48,668
54,355
52,958
71,515
70,059
3,499
833,592
729,776
4,072
2,574
47,060
221,696
154,616
67,080
50,866
55,107
72,719
62,104
213,576
103,816
14,614
2,574
86,628
1,777
227,568
198,947
1,083
775
12,488
45,440
27,604
17,836
16,631
16,442
18,512
21,942
65,636
28,621
15,395
-546
216,504
61,846
45,697
16,006
-607
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private """.'.'.'.
...
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal civilian
.
Military
State and local
See footnotes at end of table.
55.68G
198,606
99,679
14,350
2,512
82,817
69,129
57,627
201,624
100,137
14,262
2,467
83,407
4,342
804,238
702,647
58,044
204,595
101,591
14,239
2,568
84,784
209,207
102,808
14,350
2,535
85,923
4,679
1,201
22,740
230,590
201,298
1,063
757
12,607
45,619
27,551
18,068
16,638
16,556
22,308
29,292
4,706
1,206
23,381
1,119
720
12,785
46,430
28,078
18,352
16,962
16,978
19,261
23,139
67,882
29,203
4,773
1,221
23,209
241,775
212,059
1,184
688
12,744
49,050
30,122
18,929
17,607
17,385
19,730
23,790
29,715
4,708
1,282
23,725
August 1998
SURVEY OF CURRENT BUSINESS
and Earnings by Industry, 1996:111-1998:11—Continued
adjusted at annual rates]
New York
New Jersey
1997
1996
1998
\P
IV
K
IK
UK
273,884
273,667
216
530,585
530,032
553
539,518
538,968
550
549,359
549,070
289
554,550
554,228
322
560,925
560,607
318
569,570
569,279
291
176,415
12,009
15,341
179,747
53,791
35,380
1,207
34,172
180,381
12,332
15,597
183.64S
54,221
36,017
1,240
34,777
374,839
24,374
-19,688
330,776
97,937
101,872
1,833
100,039
382,987
24,850
-20,292
337,844
98,904
102,770
1,827
100,944
389,150
25,296
-20,628
343,226
100,741
105,392
1,944
103,448
392,464
25,401
-20,749
346,314
101,860
106,376
1,937
104,438
397,829
25,658
-21,210
350,961
102,789
107,176
1,831
105,344
141,558
14,484
16,524
118
16,406
145,079
14,621
16,715
104
16,611
148,599
14,833
16,949
68
16,882
301,451
30,714
42,674
147
42,527
308,718
30,975
43,294
140
43,154
314,697
31,116
43,337
-126
43,463
317,634
31,113
43,717
-98
43,815
264
172,302
148,193
789
230
7,682
27,226
9,632
17,594
15,023
15,366
13,668
15,174
53,036
24,109
3,337
524
20,248
251
176,164
151,628
797
238
7,799
27,681
9,916
17,765
15,247
15,667
13,912
15,796
54,490
24,536
3,350
520
20,667
216
180,165
155,523
808
239
8,221
28,320
10,060
18,260
15,583
15,963
14,205
16,522
55,661
24,642
3,346
521
20,775
553
374,286
320,022
1,302
311
13,539
46,755
24,728
22,027
22,683
21,632
25,067
70,071
118,661
54,264
6,602
909
46,754
550
382,437
327,959
1,322
342
13,717
46,897
24,886
22,011
22,290
21,847
25,772
74,339
121,432
54,478
6,602
898
46,979
289
388,861
334,184
1,338
315
13,788
48,062
25,437
22,624
22,530
22,496
26,087
75,943
123,625
54,678
6,760
900
47,017
322
392,142
335,363
1,365
322
13,853
48,232
25,238
22,994
22,942
22,841
26,308
74,633
124,869
56,778
6,746
897
49,135
IV
K
IK
UK
251,390
251,116
273
254,333
254,048
285
259,780
259,526
254
260,939
260,675
264
264,335
264,072
264
268,918
268,666
251
163,606
11,279
13,990
166,317
51,021
34,052
1,649
32,403
165,978
11,411
14,432
169,000
51,471
33,863
1,295
32,568
169,829
11,691
14,606
172,745
52,432
34,604
1,281
33,323
169,929
11,635
14,796
173,090
52,968
34,880
1,258
33,622
172,566
11,779
15,045
175,831
53,422
35,082
1,186
33,895
133,465
14,286
15,855
134
15,721
135,602
14,323
16,054
145
15,909
139,126
14,463
16,240
112
16,128
139,176
14,366
16,387
120
16,266
273
163,332
140,102
733
213
7,328
26,046
9,515
16,532
14,452
14,313
13,095
14,238
49,684
23,230
3,307
504
19,419
285
165,693
142,173
736
216
7,419
26,097
9,442
16,655
14,454
14,536
13,340
14,536
50,838
23,520
3,302
496
19,722
254
169,575
145,638
744
226
7,681
26,447
9,563
16,884
14,544
14,921
13,516
15,768
51,792
23,938
3,372
512
20,054
264
169,665
145,570
762
230
7,719
26,945
9,683
17,262
14,777
15,137
13,492
14,242
52,266
24,095
3,351
520
20,223
IV
\p
1996
1997
IV r
579,698
579,464
234
301,041
300,090
952
304,407
303,433
974
309,190
308,588
603
312,449
311,831
618
315,228
314,608
620
321,554
320,941
613
325,892
325,315
577
1
2
3
405,565
26,073
-21,509
357,983
103,561
108,026
1,763
106,263
413,933
26,725
-21,989
365,220
104,460
110,018
1,750
108,268
200,706
13,879
1,635
188,462
55,456
57,124
1,516
55,607
203,139
13,998
1,687
190,827
55,887
57,693
1,504
56,189
205,614
14,201
1,789
193,202
57,062
58,927
1,554
57,373
207,930
14,308
1,716
195,338
57,670
59,441
1,600
57,841
209,746
14,390
1,843
197,200
58,202
59,826
1,556
58,270
215,430
14,748
1,837
202,519
58,655
60,380
1,676
58,704
218,723
15,031
1,880
205,573
59,165
61,154
1,501
59,652
4
5
6
7
8
9
10
11
322,346
31,333
44,150
-107
44,257
329,275
31,525
44,765
-139
44,904
336,634
31,893
45,406
-200
45,606
158,491
19,107
23,108
519
22,588
160,694
19,127
23,318
538
22,780
163,254
19,137
23,222
162
23,061
165,326
19,236
23,368
172
23,196
167,052
19,218
23,476
168
23,307
172,105
19,564
23,761
157
23,604
174,957
19,663
24,104
115
23,988
12
13
14
15
16
318
397,511
341,968
1,404
359
13,872
48,739
25,317
23,422
23,762
22,878
26,528
78,653
125,773
55,543
6,683
898
47,961
291
405,275
348,251
1,432
326
14,448
49,611
26,165
23,446
23,948
23,168
27,361
78,727
129,228
57,024
6,665
900
49,459
234
413,700
356,295
1,446
317
14,711
50,527
26,786
23,741
24,334
23,409
27,815
81,728
132,008
57,405
6,745
911
49,749
952
199,754
173,795
1,010
1,449
11,206
41,958
24,595
17,363
13,647
11,389
18,456
15,426
59,255
25,960
5,472
552
19,936
974
202,164
176,336
991
1,530
11,493
42,361
24,729
17,632
13,609
11,539
18,796
15,577
60,442
25,828
5,499
548
19,781
603
205,011
179,173
1,011
1,496
11,923
42,816
25,015
17,800
13,935
11,712
19,089
15,633
61,558
25,837
5,331
559
19,948
618
207,312
181,087
1,038
1,573
11,911
43,564
25,573
17,991
14,042
11,908
19,123
15,991
61,937
26,225
5,285
550
20,390
620
209,126
182,689
1,075
1,537
11,719
43,410
25,251
18,159
14,158
12,098
19,319
15,939
63,434
26,437
5,309
551
20,576
613
214,817
188,498
1,103
1,624
12,005
45,605
26,257
19,349
14,403
12,546
19,612
16,353
65,247
26,319
5,370
547
20,402
577
218,147
191,581
1,117
1,639
12,423
45,545
27,026
18,519
14,721
12,696
19,829
17,044
66,568
26,566
5,415
550
20,601
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
K
IK
UK
143,292
142,620
671
241,018
240,538
480
242,695
242,205
491
247,329
246,645
684
249,413
248,712
701
251,624
250,917
707
255,155
254,448
707
102,420
6,756
2,502
98,166
22,968
20,913
264
20,649
103,126
6,836
2,576
98,866
23,183
21,242
261
20,981
172,513
11,312
698
161,899
42,120
36,999
911
36,088
173,636
11,369
709
162,975
42,371
37,349
1,007
36,342
176,902
11,583
723
166,042
43,184
38,102
1,034
37,069
178,262
11,626
743
167,379
43,667
38,367
1,011
37,356
179,890
11,695
752
168,947
44,066
38,611
992
37,619
80,413
9,972
9,203
562
8,640
82,867
10,155
9,398
602
8,796
83,640
10,111
9,374
454
8,921
141,638
19,970
10,905
5
10,899
142,893
19,856
10,887
2
10,885
145,783
19,960
11,159
189
10,970
147,080
19,904
11,278
200
11,077
775
98,813
86,968
457
394
6,356
31,628
22,573
9,056
5,915
5,619
9,201
5,775
21,623
11,845
1,769
226
9,849
817
101,603
89,509
467
424
6,688
32,678
23,565
9,113
6,080
5,814
9,377
5,973
22,008
12,094
1,771
225
10,098
671
102,454
90,280
474
429
6,837
32,488
23,196
9,292
6,215
5,901
9,488
6,184
22,265
12,174
1,789
226
10,159
480
172,033
150,428
763
400
8,591
57,282
46,200
11,082
8,386
10,524
14,297
9,202
40,983
21,605
2,456
255
18,894
491
173,145
151,440
774
404
8,693
57,315
46,326
10,989
8,355
10,765
14,509
9,286
41,339
21,705
2,462
250
18,993
684
176,218
153,912
799
415
8,925
58,277
47,110
11,167
8,642
11,072
14,585
9,323
41,875
22,306
2,489
252
19,566
701
177,561
155,318
814
429
9,156
57,945
46,807
11,138
8,860
11,198
14,772
9,760
42,386
22,243
2,490
252
19,501
K
IK
UK
133,092
132,141
951
134,560
133,646
913
136,412
135,668
744
138,367
137,558
809
139,022
138,246
775
142,047
141,230
817
95,795
6,383
2,264
91,676
21,605
19,811
256
19,555
96,824
6,441
2,295
92,677
21,851
20,031
263
19,768
97,840
6,524
2,354
93,670
22,288
20,454
271
20,183
99,377
6,599
2,405
95,183
22,560
20,623
276
20,347
99,588
6,590
2,442
95,440
22,784
20,797
300
20,497
76,728
10,001
9,066
742
8,324
77,721
9,973
9,130
708
8,422
78,836
9,964
9,040
536
8,504
80,152
10,054
9,172
599
8,573
951
94,845
83,238
421
360
6,068
30,841
22,313
8,528
5,855
5,348
8,842
5,398
20,103
11,607
1,757
227
9,623
913
95,910
84,127
419
375
6,222
30,773
22,102
8,671
5,772
5,428
8,990
5,512
20,636
11,784
1,749
223
9,811
744
97,096
85,503
420
379
6,351
31,287
22,435
8,852
5,818
5,532
9,084
5,536
21,095
11,593
1,788
225
9,580
809
98,568
86,780
442
400
6,398
31,753
22,869
8,884
5,923
5,607
9,136
5,717
21,404
11,788
1,779
224
9,785
\p
UK
IV
Ohio
\P
1997
1996
1998
IV
IV
Line
\p
K
III
III
1998
IV
1997
1996
1998
1997
II r
III
IV
Michigan
Indiana
1998
III
III
1996
Pennsylvania
1997
1996
1998
IV r
Line
III
IV
K
IK
UK
257,168
256,488
679
264,643
263,636
1,007
265,927
264,927
1,000
271,452
270,181
1,271
274,731
273,429
1,303
277,136
275,958
1,178
281,901
280,649
1,252
285,055
284,081
974
1
2
3
183,002
11,863
783
171,923
44,380
38,852
967
37,885
184,132
11,989
804
172,946
44,754
39,467
1,000
38,467
187,626
12,730
-1,398
173,497
44,516
46,630
677
45,953
188,260
12,748
-1,392
174,119
44,853
46,955
693
46,262
192,060
13,000
-1,428
177,633
45,771
48,048
825
47,222
194,657
13,122
-1,458
180,077
46,284
48,371
769
47,603
196,443
13,206
-1,481
181,756
46,718
48,662
712
47,950
200,806
13,451
-1,534
185,820
47,073
49,008
705
48,303
203,010
13,669
-1,547
187,794
47,485
49,776
704
49,072
4
5
6
7
8
9
10
11
148,641
19,878
11,370
201
11,170
151,565
19,941
11,496
195
11,301
152,786
19,709
11,636
161
11,475
153,385
17,765
16,476
748
15,728
154,146
17,616
16,498
746
15,752
157,404
17,697
16,959
1,013
15,946
159,711
17,811
17,135
1,042
16,093
161,481
17,806
17,157
914
16,243
165,341
18,041
17,424
985
16,439
167,582
18,015
17,413
704
16,708
12
13
14
15
16
707
179,183
156,184
843
419
9,268
58,020
46,889
11,131
8,760
11,353
14,868
9,493
43,160
22,999
2,495
252
20,252
707
182,295
159,111
862
433
9,436
58,895
47,394
11,501
8,826
11,643
15,555
9,776
43,684
23,185
2,488
250
20,446
679
183,453
159,894
876
435
9,651
57,465
46,049
11,415
8,952
11,797
15,861
10,213
44,645
23,558
2,613
251
20,695
1,007
186,619
162,058
854
822
10,379
52,155
36,314
15,841
10,568
12,150
17,468
11,748
45,915
24,561
3,899
636
20,025
1,000
187,260
162,848
843
814
10,388
51,967
36,079
15,888
10,558
12,374
17,784
11,742
46,377
24,412
3,923
625
19,863
1,271
190,790
165,795
876
824
10,641
52,635
36,578
16,057
10,701
12,670
18,040
11,894
47,514
24,995
4,020
633
20,342
1,303
193,354
168,456
895
873
10,743
53,209
36,809
16,400
10,918
12,947
18,019
12,562
48,290
24,899
3,991
627
20,280
1,178
195,266
169,951
923
837
10,782
53,150
36,682
16,468
11,078
13,095
18,285
12,704
49,097
25,315
3,974
623
20,717
1,252
199,554
174,473
934
877
10,885
55,213
38,472
16,741
11,253
13,362
18,510
13,185
50,255
25,081
4,018
611
20,451
974
202,036
176,689
946
882
11,204
54,640
37,741
16,899
11,476
13,567
18,763
13,709
51,501
25,347
4,032
617
20,699
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
IV
I*
1/8 • August 1998
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Wisconsin
Plains
1997
Item
Line
1998
1997
1996
1998
Income by Place of Residence
127,633
127,298
335
130,071
129,861
84,797
22,868
18,671
503
18,168
89,537
5,787
2,001
85,752
23,100
18,782
488
18,294
91,691
5,917
2,057
87,831
23,290
18,949
528
18,421
72,005
8,600
6,525
-265
6,790
73,223
8,680
6,663
-203
6,865
74,159
8,707
6,671
-248
6,920
76,224
8,827
6,640
-380
7,021
305
374
88,191
76,543
514
335
89,203
77,485
209
91,482
121,367
120,852
515
Personal income (lines 4-11)
Nonfarm
Farm (line 17)'
122,421
121,882
124,519
124,214
305
126,335
539
84,999
87,131
5,674
1,927
83,384
22,593
18,541
511
18,031
88,565
5,740
1,972
17,606
85,801
5,568
1,895
82,128
22,108
18,185
501
17,683
69,766
8,563
6,670
-31
6,701
70,560
8,550
6,692
-24
6,716
515
84,484
539
85,262
73,776
491
119
5,391
24,254
15,048
125,962
374
131,891
131,885
435,915
440,337
428,800
11,538
445,140
424,671
11,244
93,133
6,045
2,088
89,177
23,512
19,203
503
18,700
313,408
21,834
-3,678
287,896
80,740
67,279
1,009
66,270
316,737
22,000
-3,730
291,008
81,442
67,888
1,110
66,778
319,028
22,442
-3,824
77,672
8,899
6,562
-590
7,152
245,753
28,567
39,088
9,666
29,423
93,127
452,003
443,588
8,415
456,535
448,410
8,125
462,704
455,488
7,216
467,865
462,117
5,748
324,818
22,739
-3,877
298,202
333,843
23,308
^,008
1,129
69,911
1,110
68,801
328,344
22,930
-3,920
301,494
84,627
70,414
1,088
69,326
306,527
85,227
70,950
1,092
69,858
337,653
23,781
-4,060
309,812
85,924
72,129
1,111
71,019
248,649
28,570
39,518
9,927
29,591
254,038
28,810
36,181
6,252
29,928
258,691
29,071
37,056
6,766
30,290
262,095
29,177
37,072
6,457
30,615
267,774
29,421
36,648
5,529
31,119
272,464
29,581
35,608
4,042
31,565
11,244
302,164
256,550
11,538
305,199
8,415
316,403
2,009
1,989
1,527
18,918
8,125
320,219
272,852
2,200
1,577
18,853
26,629
16,755
9,875
59,985
35,536
24,449
35,731
24,910
22,959
22,341
29,054
22,525
7,216
326,627
279,719
2,219
1,623
20,053
65,691
39,327
26,364
25,023
23,998
31,050
24,912
85,151
12,169
1,305
185
5,492
5,706
8,354
6,389
21,758
12,283
1,319
185
10,679
10,779
35,393
7,882
311,147
264,930
2,050
1,523
19,113
62,144
36,729
25,415
24,512
22,804
29,813
22,533
80,437
46,217
8,006
2,547
35,664
7,968
2,490
36,450
5,748
331,904
284,423
2,250
1,636
20,185
65,937
39,310
26,627
25,584
24,302
31,549
25,956
87,025
47,481
8,137
2,510
36,835
209
437,259
7,882
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
5,528
1,875
81,347
21,932
18,088
482
292,762
83,022
69,357
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
73,059
501
121
5,405
24,093
15,067
9,025
5,073
9,206
5,035
5,118
7,613
5,687
19,449
11,425
5,178
7,766
5,709
19,834
11,486
1,273
1,257
181
9,987
179
10,035
75,244
489
123
5,482
24,844
15,514
9,331
5,099
5,308
7,866
5,793
20,239
11,582
1,281
182
10,120
529
127
5,556
129
5,582
25,365
25,369
15,767
15,886
9,483
9,598
5,158
5,383
5,308
5,506
7,920
5,992
7,975
20,501
11,648
6,282
20,833
11,718
1,291
1,293
182
10,175
184
10,241
79,313
538
132
5,662
26,294
16,533
9,761
5,375
5,632
8,193
6,152
21,335
80,844
545
131
5,841
259,536
1,525
77,298
45,614
7,689
2,532
60,641
23,099
22,564
29,573
22,619
78,607
45,663
7,725
2,515
35,423
Missouri
Item
Line
1996
269,463
2,119
1,604
19,453
37,479
25,455
24,417
23,226
30,171
23,820
81,720
46,940
8,038
2,514
36,387
19,484
63,729
37,692
26,038
24,620
23,391
30,602
24,213
83,035
47,367
7,992
2,512
36,863
Nebraska
1997
1998
1997
1996
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
125,565
127,808
124,731
833
127,625
6,209
-3,447
81,374
-3,411
24,155
20,900
260
20,640
6,049
-3,329
80,114
24,393
21,058
275
20,782
21,545
284
25,175
21,714
262
21,262
21,452
70,870
8,567
8,763
647
8,116
72,063
8,620
8,808
645
8,163
74,072
8,739
8,219
-7
8,226
74,722
8,727
8,341
59
8,282
75,589
8,752
833
183
76,382
449
238
5,769
17,719
10,128
7,591
7,491
6,162
8,450
6,418
23,686
12,276
2,684
654
8,939
78,303
466
230
5,933
18,331
10,352
7,979
7,798
6,232
8,490
6,488
24,335
12,543
2,832
662
9,049
252
91,538
78,825
482
245
5,932
18,154
10,344
7,810
7,780
6,320
8,573
6,747
24,591
12,713
2,861
645
9,208
255
92,493
79,718
494
242
5,926
18,533
10,434
8,099
7,840
6,310
8,677
6,810
24,886
12,776
2,801
663
9,312
124,025
123,187
183
129,036
128,784
252
130,373
130,118
255
132,115
131,888
226
133,627
133,535
91
38,067
35,893
2,174
38,803
36,342
2,461
38,862
37,164
91,790
6,231
92,749
6,274
-3,433
94,247
6,355
-3,461
95,232
6,457
-3,475
28,064
1,973
-506
28,748
1,996
-520
83,041
25,416
21,916
291
21,625
84,431
25,618
22,066
265
85,300
25,851
22,476
39,423
37,533
39,665
37,883
1,890
1,782
39,906
38,353
1,553
40,239
38,996
1,243
29,166
2,065
-544
26,558
7,089
5,776
41
5,735
29,343
2,078
-652
29,544
2,103
-656
26,231
6,955
5,617
50
5,566
28,672
2,053
-545
26,075
7,053
5,734
47
5,687
26,714
7,124
5,827
49
5,778
26,885
7,150
5,871
48
5,823
29,823
2,154
-571
27,098
7,179
5,962
43
5,919
22,851
2,448
4,246
1,262
2,984
23,344
2,472
4,008
949
3,059
1,553
1,243
28,580
23,892
338
64
1,700
4,376
2,173
2,203
2,745
1,987
2,749
2,268
7,665
4,688
684
393
3,611
1,697
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
91,030
88,201
5,973
-3,258
78,970
82,147
21,801
22,185
25,585
6,923
5,559
44
5,515
76,965
8,793
8,489
29
8,460
77,993
8,792
8,446
-108
8,555
21,002
2,371
4,691
1,906
2,785
21,336
2,386
5,025
2,183
2,843
21,969
2,442
4,261
1,416
2,845
22,212
2,438
4,517
1,605
2,912
22,456
2,438
4,449
1,494
2,955
226
94,021
81,284
91
95,140
82,247
504
253
6,022
18,682
10,537
8,145
8,177
6,471
8,901
7,319
25,918
12,893
2,814
642
9,437
2,174
25,890
21,339
300
60
1,594
3,920
1,956
1,963
2,425
1,762
2,537
2,021
6,720
4,551
629
395
3,527
2,461
26,287
1,697
26,975
22,366
302
60
1,890
27,277
22,614
316
63
1,686
4,117
2,088
2,029
2,695
1,855
2,613
2,101
7,169
4,663
663
394
3,606
1,782
27,561
22,888
336
61
1,666
4,195
2,094
2,101
2,681
1,853
2,645
2,108
7,344
4,672
666
387
3,619
291
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm
Nonfarm
8,348
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
838
87,363
75,167
447
240
5,681
17,346
9,930
7,416
7,423
6,035
8,293
6,350
23,351
12,196
2,683
650
8,862
497
245
6,050
18,901
10,826
8,075
7,940
6,420
8,742
7,023
25,466
12,737
2,733
654
9,350
21,751
293
57
1,793
3,985
1,956
2,029
2,453
1,784
2,577
1,992
6,817
4,536
633
392
3,511
1,579
4,015
2,044
1,971
2,976
1,824
2,597
1,959
7,055
4,609
659
398
3,551
27,991
23,338
333
63
1,581
4,353
2,192
2,161
2,745
1,941
2,686
2,166
7,470
4,653
675
388
3,591
SURVEY OF CURRENT BUSINESS
August 1998
•
1J9
and Earnings by Industry, 1996:111-1998:1 '—Continued
adjusted at annual rates]
Kansas
Iowa
1997
1996
IV
III
K
IK
UK
\P
IV
IV
III
Minnesota
1997
1996
1998
1998
IK
K
UK
\P
IV
1997
1996
1998
III
IV
K
IK
UK
IV
Line
\p
64,116
60,956
3,161
64,558
61,343
3,215
65,041
62,357
2,684
65,961
63,259
2,702
66,232
63,687
2,545
67,391
65,133
2,258
67,939
66,087
1,852
60,082
58,919
1,163
60,607
59,408
1,199
61,909
60,535
1,374
63,112
61,645
1,467
63,814
62,383
1,431
64,780
63,428
1,351
65,641
64,515
1,126
120,788
118,861
1,927
121,864
120,012
1,852
123,357
122,187
1,170
125,666
124,510
1,156
127,249
126,161
1,087
129,143
128,105
1,039
45,286
3,158
45,569
3,169
45,674
3,217
46,503
3,266
46,628
3,275
47,764
3,374
48,166
3,448
250
262
284
274
284
264
273
42,378
11,679
10,059
42,661
11,754
10,142
42,740
11,943
10,357
43,510
12,030
10,421
43,637
12,107
10,487
44,654
12,166
10,571
44,992
12,235
10,712
41,360
2,920
1,108
39,548
11,455
9,078
41,790
2,945
1,138
39,984
11,468
9,155
42,671
2,998
1,184
40,856
11,719
9,335
43,719
3,058
1,143
41,804
11,886
9,422
44,262
3,089
1,141
42,314
12,022
9,478
45,115
3,146
1,137
43,105
12,136
9,538
45,770
3,222
1,127
43,675
12,270
9,696
89,963
6,354
-812
82,797
21,294
16,697
90,586
6,387
-822
83,378
21,599
16,887
91,380
6,492
-837
84,050
22,054
17,252
93,461
6,620
-864
85,976
22,295
17,395
94,833
6,701
-879
87,253
22,502
17,494
96,508
6,794
-899
88,815
22,668
17,660
97,875
6,920
-906
90,044
22,861
17,953
1
2
3
130,858
129,912
946
182
188
204
189
183
193
176
139
152
146
159
149
140
150
341
397
401
400
369
402
406
9,878
9,954
10,153
10,232
10,304
10,377
10,537
8,939
9,004
9,189
9,262
9,329
9,397
9,546
16,356
16,490
16,851
16,995
17,125
17,258
17,548
34,016
4,057
7,213
2,890
4,322
34,275
4,042
7,252
2,948
4,303
34,846
4,055
6,773
2,415
4,358
35,560
4,106
6,838
2,429
4,408
35,820
4,097
6,712
2,270
4,442
37,100
4,190
6,474
1,980
4,494
37,811
4,223
6,133
1,571
4,562
32,283
3,864
5,214
32,685
3,862
5,243
73,673
8,064
8,850
1,449
7,401
79,668
8,332
8,507
81,005
8,378
8,493
763
744
671
618
520
4,596
73,007
8,101
8,854
1,537
7,317
78,171
8,286
8,376
938
35,505
4,019
5,591
1,077
4,514
76,872
8,228
8,360
4,306
34,677
3,974
5,611
1,160
4,451
74,995
8,096
8,288
910
34,163
3,949
5,608
1,199
4,409
36,269
4,057
5,444
4,303
33,327
3,879
5,464
1,109
4,355
7,525
7,616
7,705
7,890
7,973
3,161
42,125
35,450
3,215
42,354
35,658
2,684
42,990
36,152
2,702
43,801
36,957
2,545
44,083
37,206
2,258
45,506
38,594
1,852
46,314
39,282
1,163
40,197
33,169
1,199
40,591
33,530
1,374
41,297
34,281
1,467
42,252
35,090
1,431
42,830
35,594
1,351
43,764
36,482
1,126
44,645
37,226
1,927
88,036
76,314
1,852
88,735
77,108
1,170
90,210
78,504
1,156
92,305
80,282
1,087
93,745
81,486
1,039
95,469
83,692
96,929
85,066
362
80
359
80
368
80
380
84
389
89
396
91
401
87
271
397
273
394
283
412
288
431
2,724
9,540
5,898
3,642
2,733
2,954
4,157
3,116
9,785
6,675
2,644
9,511
5,857
3,654
2,745
3,017
4,205
3,231
9,865
6,696
2,721
9,755
6,068
3,687
2,816
3,050
4,228
3,146
9,987
6,839
2,771
9,958
6,192
3,766
2,864
3,131
4,249
3,351
10,169
6,844
2,743
10,035
6,233
3,802
2,879
3,132
4,320
3,355
10,264
6,877
2,766
10,597
6,630
3,967
2,931
3,223
4,389
3,647
10,555
6,912
2,806
10,683
6,713
3,970
3,000
3,228
4,465
3,793
10,819
7,032
2,444
7,911
5,092
2,819
3,212
3,015
4,013
2,465
9,441
7,028
1,203
2,449
7,940
5,116
2,824
3,207
3,117
4,105
2,449
9,597
7,061
1,218
2,498
8,036
5,171
2,865
3,437
3,170
4,172
2,444
9,830
7,015
1,267
2,569
8,311
5,367
2,944
3,420
3,184
4,244
2,592
10,051
7,162
1,250
862
124
863
124
869
126
870
126
862
127
862
128
879
130
5,688
5,709
5,844
5,848
5,889
5,921
6,023
IV
III
305
421
310
427
416
445
402
452
412
442
424
462
443
454
450
479
456
485
2,622
8,732
5,727
3,005
3,558
3,336
4,364
2,697
10,446
7,282
1,273
2,700
8,846
5,746
3,099
3,644
3,371
4,463
2,800
10,665
7,419
1,286
5,117
19,114
11,214
7,900
5,622
7,157
7,988
7,392
23,063
11,722
1,545
5,037
19,333
11,241
8,093
5,667
7,075
8,147
7,335
23,659
11,627
1,565
5,176
19,756
11,590
8,166
5,907
7,136
8,222
7,317
24,137
11,706
1,602
5,252
20,070
11,917
8,153
6,046
7,283
8,363
7,789
24,593
12,023
1,613
5,288
20,159
11,842
8,317
6,193
7,393
8,467
8,024
25,064
12,259
1,618
5,659
20,739
12,353
8,386
6,225
7,573
8,669
8,070
25,827
11,777
1,635
5,567
20,927
12,499
8,428
6,343
7,715
8,755
8,410
26,408
11,864
1,659
674
686
685
676
674
692
194
192
194
193
193
191
191
5,168
5,062
5,227
5,304
5,336
5,441
9,982
9,870
9,910
10,217
10,448
9,951
10,014
South Dakota
UK
IK
K
299
414
2,570
8,461
5,502
2,958
3,438
3,229
4,317
2,637
10,228
7,237
1,257
'
678
\P
IV
IV
III
K
1998
UK
IK
\p
IV
13,334
12,547
12,706
12,743
12,930
12,940
13,152
13,074
13,288
13,259
16,082
15,322
16,214
15,552
-11
78
28
15,608
14,417
1,190
16,050
15,104
-37
15,492
14,346
1,146
15,875
14,915
788
13,347
13,519
-172
15,458
14,647
835
811
960
946
760
662
9,531
9,480
8,777
8,960
9,171
9,298
9,332
11,003
11,072
10,826
11,219
11,359
11,367
11,455
693
691
700
709
716
726
747
764
763
773
789
798
809
827
-293
7,783
2,494
2,429
-297
7,954
2,519
2,457
-303
8,152
2,539
2,460
-311
8,261
2,555
2,472
-323
8,262
2,573
2,512
-170
10,070
2,802
2,621
-168
10,141
2,822
2,645
-170
9,883
2,870
2,705
-177
10,253
2,896
2,726
-180
10,382
2,918
2,751
-183
10,376
2,934
2,772
-186
10,442
2,954
2,818
-290
8,499
2,451
2,385
28
31
32
43
30
26
31
16
17
17
15
18
17
15
2,337
2,354
2,397
2,414
2,430
2,446
2,481
2,605
2,628
2,688
2,712
2,733
2,755
2,803
7,021
7,038
7,142
7,272
7,373
7,518
7,718
7,891
8,011
716
711
712
922
722
967
723
728
1,074
1,051
741
873
-147
1,070
-122
1,089
-35
-36
1,109
1,137
1,794
1,731
730
679
1,064
1,053
7,553
7,580
7,687
8,166
8,325
890
884
885
902
907
911
919
2,608
1,085
1,523
2,253
2,426
2,441
2,290
2,211
-288
1,161
2,560
1,045
1,515
705
852
837
650
551
1,549
1,574
1,604
1,640
1,660
835
788
^37
-11
78
28
760
662
8,971
7,139
9,093
7,275
9,269
7,455
1,190
9,882
8,195
946
8,814
7,011
1,146
9,857
8,201
960
8,692
6,912
-172
9,504
7,668
811
8,696
6,911
10,015
8,312
10,259
8,556
10,413
8,685
10,607
8,874
10,792
9,043
73
187
646
706
432
273
821
757
923
498
75
186
594
719
439
279
821
755
940
497
75
186
575
746
460
286
848
762
942
489
77
201
595
758
466
293
865
786
941
515
76
198
617
776
485
291
844
792
980
528
79
207
661
796
496
300
857
805
984
540
80
204
688
813
514
299
893
824
994
567
141
116
646
139
119
631
145
114
632
152
117
648
163
118
674
158
116
714
160
115
702
1,449
1,014
1,433
1,504
1,044
1,565
1,104
1,570
1,100
1,573
1,103
1,611
1,128
460
730
631
460
747
668
470
746
682
470
768
699
483
783
706
2,300
1,786
2,327
1,780
2,389
1,802
2,401
1,832
2,464
1,818
2,528
1,814
2,605
1,836
435
723
661
1,143
994
439
714
655
1,149
1,162
1,189
1,196
1,216
1,222
683
697
690
725
751
769
799
2,638
1,656
2,657
1,688
2,704
1,703
2,746
1,702
2,784
1,728
2,860
1,733
2,945
1,750
339
343
340
335
347
337
352
332
360
326
355
318
366
321
427
148
421
145
430
144
430
140
429
140
435
139
448
141
1,104
1,105
1,118
1,148
1,132
1,141
1,149
1,081
1,122
1,129
1,133
1,159
1,159
1,160
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
1996
1997
1998
Line
III
13,345
12,509
-590
8,548
2,431
2,365
12
13
14
15
16
Southeast
1997
1996
1998
1997
946
5,148
North Dakota
1996
848
4
5
6
7
8
9
10
11
IV
K
IK
UK
IV
\p
1,428,240
1,414,134
14,106
1,443,156
1,429,148
14,008
1,473,093
1,461,169
11,924
1,490,630
1,477,989
12,641
1,507,180
1,495,822
11,359
1,531,646
1,520,731
10,916
1,559,673
1,551,027
8,646
1
2
3
973,463
66,206
5,864
913,121
257,681
257,437
3,071
254,367
983,815
66,766
5,913
922,962
260,422
259,772
3,192
256,580
1,002,983
68,286
6,021
940,717
266,010
266,366
3,236
263,129
1,015,298
68,789
5,856
952,365
269,220
269,045
3,324
265,721
1,027,218
69,422
6,036
963,833
271,926
271,421
3,331
268,090
1,048,568 1,070,723
70,650
72,594
5,888
5,816
983,806 1,003,945
274,173
276,771
273,668
278,957
3,175
3,220
270,493
275,738
4
5
6
7
8
9
10
11
787,239
88,376
97,848
11,329
86,519
797,203
88,363
98,248
11,246
87,002
816,600
89,069
97,313
9,131
88,182
826,808
89,524
98,967
9,815
89,152
838,435
89,871
98,913
8,500
90,413
857,725
90,766
100,077
8,025
92,053
879,103
92,083
99,537
5,722
93,815
12
13
14
15
16
14,106.
959,357
795,691
6,710
8,565
59,794
169,871
89,673
80,199
70,378
60,082
98,320
64,458
257,512
163,666
32,410
19,282
111,974
14,008
969,807
805,083
6,688
8,687
60,763
170,901
89,774
81,127
69,694
61,157
100,220
64,845
262,129
164,724
32,567
19,234
112,923
11,924
991,058
822,983
6,910
8,799
61,723
173,718
91,793
81,926
71,230
62,831
102,121
65,653
269,997
168,076
33,466
19,651
114,959
12,641
1,002,657
834,756
7,102
9,057
62,018
175,761
93,400
82,361
72,487
63,358
102,223
68,975
273,774
167,901
33,287
19,568
115,047
11,359
1,015,860
845,399
7,503
9,103
63,023
175,418
92,654
82,763
74,002
64,518
103,816
69,496
278,519
170,461
33,136
19,625
117,700
10,916
1,037,653
865,324
7,427
9,372
64,773
180,627
96,388
84,240
75,899
65,614
105,397
71,922
284,294
172,329
33,268
19,640
119,421
8,646
1,062,077
887,497
7,534
9,396
6fy752
185,023
98,857
86,166
77,427
67,008
107,369
75,030
291,959
174,580
33,816
19,762
121,001
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
SURVEY OF CURRENT BUSINESS
180 • August 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Alabama
Item
Line
Arkansas
1997
1996
1998
1997
1996
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
962
88,977
88,203
775
60,225
4,333
666
56,557
12,725
17,414
210
17,204
60,753
4,361
671
57,062
12,852
17,568
211
17,357
61,589
4,440
695
57,844
13,125
18,008
222
17,786
48,486
5,640
6,098
804
5,294
48,987
5,631
6,135
837
5,298
931
962
59,790
48,827
387
641
3,749
13,403
7,498
5,905
4,000
3,466
5,819
3,359
14,005
10,963
2,518
861
7,584
85,765
931
87,483
86,521
90,449
91,970
91,339
631
92,957
512
62,433
4,472
722
58,683
13,436
18,330
220
18,110
63,737
4,554
64,841
4,659
740
59,923
13,551
18,497
229
18,267
762
60,943
13,686
18,840
229
18,610
50,408
5,661
6,075
671
5,405
50,796
5,641
5,997
541
5,456
52,000
5,703
6,034
500
5,533
798
61,346
50,150
398
650
3,819
13,716
7,729
5,987
4,088
3,577
5,930
3,522
14,451
11,196
2,616
855
7,725
670
61,763
50,464
414
637
3,800
13,529
7,531
5,998
4,146
3,585
5,983
3,706
14,665
11,299
2,611
857
7,831
631
63,106
51,575
415
627
3,836
14,072
7,907
6,164
4,257
3,689
6,147
3,600
14,934
11,530
2,616
858
8,056
89,779
798
670
62,145
4,458
708
58,394
13,296
18,176
221
17,955
49,939
5,651
5,999
648
5,350
775
60,814
49,623
393
638
3,784
13,524
7,607
5,917
4,088
3,524
5,897
3,431
14,345
11,192
2,635
863
7,694
47,967
46,046
49,456
50,593
50,950
49,229
1,364
49,911
35,397
2,393
-379
32,625
7,469
10,352
223
10,129
34,531
2,331
-359
31,841
7,409
10,430
219
10,212
10,499
204
10,296
35,531
2,435
-376
32,721
7,540
10,689
210
10,479
26,003
3,060
4,786
1,288
3,497
26,404
3,085
4,966
1,421
3,546
26,637
3,079
4,815
1,238
3,577
27,498
3,142
4,757
1,122
3,635
27,900
3,149
4,482
795
3,688
1,521
32,327
1,657
32,799
27,613
279
173
1,946
7,831
4,381
3,450
2,832
1,771
3,747
1,689
7,344
5,186
917
291
1,476
1,364
34,033
28,585
302
34,492
28,970
307
48,367
46,332
2,034
48,700
47,179
1,521
33,849
2,298
-357
31,013
7,030
9,925
190
9,735
33,880
2,259
-358
31,262
7,101
10,003
195
9,809
31,194
7,244
10,262
224
10,038
53,066
5,759
6,015
380
5,635
25,372
3,071
5,186
1,695
3,491
25,534
3,059
5,287
1,804
3,484
512
64,329
52,716
421
620
3,941
14,370
8,011
6,359
4,338
3,757
6,268
3,743
15,258
11,613
2,625
862
8,125
1,921
31,708
2,034
31,846
26,738
262
160
1,964
7,614
4,253
1,921
47,800
1,657
49,681
48,204
1,476
1,039
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
33,629
2,255
-362
34,456
2,321
-365
31,769
7,335
Earnings by Place of Work
Components of earnings:
wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private"!
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
59,294
48,252
391
628
3,745
13,295
7,453
5,842
4,124
3,406
5,678
3,380
13,605
11,042
2,553
873
7,616
26,624
260
162
1,959
7,628
4,278
3,349
2,768
1,687
3,558
1,587
7,015
5,084
887
283
3,915
3,360
2,770
1,692
3,641
1,590
7,044
5.108
899
282
3,927
27,163
273
164
1,890
7,702
4,298
3,404
2,800
1,726
3,779
1,626
7,203
5,165
933
290
3,942
Louisiana
Une
Item
1996
3,977
33,054
27,796
290
171
1,932
7,800
4,310
3,490
2,869
1,787
3,784
1,668
7,495
5,259
175
1,980
8,167
4,575
3,592
2,920
1,786
3,876
1,039
180
1,998
8,143
4,535
3,608
2,979
1,812
3,923
1,723
7,656
5,448
1,788
7,840
5,522
918
932
292
4,049
291
4,225
956
302
4,265
50,219
Mississippi
1997
1998
1996
1997
Income by Place of Residence
Personal income (lines 4-11) .
Nonfarm
Farm (line 17)
86,117
85,383
734
86,912
86,278
635
88,641
88,158
482
58,672
3,777
-158
54,736
12,925
18,455
139
18,317
59,260
60,328
3,816
-161
55,283
3,898
46,514
5,255
6,903
582
6,321
47,144
5,259
6,858
481
6,377
48,228
5,304
734
57,938
47,962
318
2,731
4,230
8,240
3,339
4,901
4,594
3,262
5,439
3,119
16,028
9,976
1,530
791
7,655
635
58,626
48,443
329
2,736
4,222
8,258
3,325
4,933
4,529
3,308
5,577
3,161
16,324
10,182
1,545
789
7,848
482
59,845
49,522
331
3,019
4,281
8,438
3,416
5,022
4,645
3,353
5,640
3,139
16,677
10,323
1,596
795
7,932
48,070
47,156
913
48,271
47,386
49,117
48,361
756
49,864
49,073
790
49,455
764
51,142
50,470
672
52,025
51,435
591
32,414
2,400
32,878
2,445
19,864
6,191
10,915
134
10,782
32,390
2,395
971
30,966
6,253
11,052
146
10,906
11,181
33,470
2,478
1,002
31,994
6,453
11,417
127
11,289
33,631
2,480
1,026
32,177
6,516
11,525
137
11,389
34,455
2,541
1,048
32,962
6,567
11,614
125
11,490
35,110
2,607
1,071
33,574
6,627
11,825
115
11,709
25,465
2,959
3,966
712
3,254
26,038
2,973
3,868
580
3,288
26,525
3,005
3,940
612
3,328
3,967
584
3,383
27,470
3,048
3,937
490
3,448
28,111
3,083
3,916
406
3,509
756
32,122
25,833
258
266
1,877
7,178
4,455
2,723
2,220
1,540
3,345
1,456
7,694
6,290
1,130
698
4,461
790
32,680
26,374
257
764
32,867
26,424
259
672
591
33,783
27,365
34,520
28,003
293
1,916
7,307
4,546
2,760
288
2,001
7,234
4,480
2,754
2,317
1,591
3,406
1,519
7,810
6,443
1,097
676
278
305
282
322
2,094
7,572
4,756
2,816
2,346
1,660
3,493
1,579
8,038
6,418
1,095
2,156
7,742
4,910
2,832
2,386
1,703
3,542
1,643
8,227
6,516
1,115
90,602
90,057
545
92,727
92,266
94,315
89,315
510
461
419
61,231
3,939
-163
57,129
13,434
61,714
3,950
-158
57,605
13,560
63,710
4,077
64,897
19,263
135
19,437
93,896
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence 3 ...:.
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
13,026
18,603
146
18,456
-163
56,267
13,279
19,095
157
18,938
4,174
-179
60,545
13,778
19,993
949
30,963
19,128
135
19,302
-176
59,457
13,659
19,611
133
19,479
48,984
5,343
6,904
353
6,551
49,352
5,344
7,017
386
6,632
51,205
5,469
7,036
300
6,736
52,282
5,530
7,086
255
6,830
25,431
2,997
3,986
742
3,244
510
60,721
50,319
340
3,063
4,424
8,509
3,524
4,985
4,708
3,432
5,667
3,298
16,878
10,402
1,569
794
8,038
545
61,168
50,665
347
3,110
4,447
8,640
3,554
5,086
4,799
3,480
5,685
3,277
16,880
10,504
1,569
805
8,129
461
63,249
52,597
373
3,299
4,587
9,040
3,856
5,184
4,954
3,607
5,884
3,440
17,412
10,652
1,575
804
8,273
419
64,478
53,727
378
3,348
4,690
9,257
3,867
5,391
5,034
3,655
5,993
3,568
17,804
10,751
1,612
793
8,347
913
31,501
25,342
129
995
31,429
6,375
11,313
133
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
ProDrietors'income5
IVUIIVIVIU
•IIWMIW
Farm
Nonfarm
6,795
326
2,998
Earnings by Industry
Farm
Nonfarm
Private
kgricuitural services, forestry, fishing, and other 6
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
229
252
1,884
7,210
4,483
2,727
2,198
1,516
3,224
1,466
7,362
6,159
1,082
670
4,407
31,504
25,355
231
247
1,889
7,104
4,382
2,722
2,184
1,504
3,291
1,467
7,438
6,149
1,083
666
4,401
2,248
1,572
3,365
1,551
7,866
6,306
1,119
666
708
4,656
4,693
August 1998
SURVEY OF CURRENT BUSINESS
•
l8l
and Earnings by Industry, 1996:111-1998:11—Continued
adjusted at annual rates]
Georgia
Florida
1996
1997
\r
II r
III
IV
351,655
349.823
1.832
355,314
353,475
1,840
362,540
360,740
1,800
367,211
365,246
1,965
372,787
370,998
1,789
376,774
375,080
1,695
209,610
14,246
211,717
14,348
215,584
14,634
218,665
14,771
223,007
15,030
591
601
619
618
619
195,954
90,011
65,689
197,970
91,058
66,286
201,570
92,963
68,007
204,512
93,970
68,729
208,596
94,846
69,346
\p
\r
II r
1998
IV
\P
1997
1996
IV
\r
ll r
1998
IV
383,971
382,473
1,498
170,774
168,701
2,073
172,724
170,524
2,200
176,879
175,046
1,833
178,961
177,012
1,949
181,054
179,279
1,775
183,929
182,222
1,707
187,309
186,070
1,239
77,613
76,257
1,357
78,169
77,147
1,022
79,600
78,854
80,595
79,793
81,177
80,372
82,468
81,724
83,821
83,198
746
802
805
744
623
225,797
15,159
231,219
15,601
645
652
211,283
95,593
69,899
216,271
96,436
71,264
127,580
8,255
-245
119,080
26,809
24,885
128,988
8,316
-245
120,427
27,179
25,118
132,108
8,555
-269
123,284
27,823
25,772
133,577
8,601
-266
124,711
28,213
26,038
135,193
8,684
-268
126,241
28,536
26,276
137,721
8,817
-265
128,639
28,806
26,484
140,483
9,059
-268
131,155
29,119
27,035
54,472
3,814
-460
50,198
12,083
15,332
54,858
3,858
-495
50,505
12,194
15,470
55,795
3,947
-516
51,332
12,443
15,826
56,523
3,980
-520
52,023
12,594
15,978
56,832
3,985
-512
52,335
12,719
16,122
57,958
4,056
-513
53,389
12,823
16,257
59,073
4,159
-653
54,361
12,944
16,516
III'
III
IV
III'-
679
707
721
768
767
694
693
280
307
300
304
304
269
290
222
234
237
249
266
271
247
65,010
65,579
67,286
67,961
68,579
69,205
70,571
24,605
24,811
25,472
25,734
25,973
26,215
26,745
15,110
15,236
15,589
15,729
15,856
15,986
16,269
171,575
19,152
18,883
173,656
19,080
18,982
177,356
19,164
19,065
183,954
19,541
19,512
186,511
19,557
19,729
191,452
19,885
19,882
115,379
11,708
13,396
1,008
12,388
43,297
5,289
5,885
1,160
4,725
48,072
5,514
5,487
597
112,578
11,550
13,593
1,478
12,114
47,005
5,445
5,507
827
548
602
602
539
416
19,285
110,301
11,508
13,384
1,548
11,836
45,939
5,368
5,525
804
108,743
11,446
13,389
1,726
11,663
45,666
5,401
5,457
18,926
107,606
11,413
13,090
1,612
11,478
45,060
5,363
5,372
908
104,455
11,260
13,273
1,982
11,291
43,973
5,312
5,573
18,604
103,267
11,266
13,047
1,851
11,196
4,746
4,824
4,855
4,923
4,969
5,071
1,789
221,217
187,052
2,595
1,695
224,103
189,201
2,371
1,498
229,722
194,360
2,400
2,073
125,507
106,333
2,200
126,788
107,479
1,833
130,275
110,540
1,949
131,628
111,815
1,775
133,418
113,343
1,707
136,014
115,669
1,239
139,244
118,545
1,357
53,115
44,141
1,022
53,835
44,713
746
802
805
744
623
55,049
45,706
55,721
46,540
56,027
46,703
57,214
47,875
58,450
49,001
965
988
939
17,918
17,994
18,126
179,947
19,299
19,420
1,094
18,326
1,832
207,778
175,179
2,248
1,840
209,877
177,188
2,194
1,800
213,784
180,149
2,275
1,965
216,700
183,381
2,356
373
493
334
349
369
362
370
721
350
721
348
743
346
767
378
793
368
817
385
832
388
12,725
18,875
11,922
6,953
14,072
13,914
24,542
18,861
69,568
32,598
5,351
2,955
24,292
12,824
19,034
11,994
7,040
13,878
14,303
24,967
18,942
70,553
32,689
5,393
2,980
24,316
12,697
19,308
12,175
7,133
14,235
14,411
25,390
18,913
72,586
33,635
5,533
3,137
24,965
12,839
19,649
12,479
7,170
14,608
14,587
25,321
19,910
73,762
33,319
5,529
3,193
24,597
13,275
19,644
12,420
7,224
14,816
15,050
25,804
20,211
75,287
34,166
5,532
3,166
25,468
13,648
20,193
12,871
7,322
14,813
14,901
25,786
21,328
75,800
34,902
5,617
3,188
26,097
13,976
20,829
13,288
7,541
15,227
15,188
26,253
22,184
77,932
35,362
5,731
3,166
26,465
7,040
21,312
9,749
11,564
12,188
10,772
12,035
9,081
32,835
19,174
4,009
2,224
12,941
7,195
21,687
9,894
11,792
12,022
10,998
12,202
9,145
33,162
19,309
4,041
2,249
13,019
7,246
22,216
10,023
12,192
12,252
11,575
12,340
9,285
34,536
19,736
4,206
2,310
13,220
7,356
22,114
10,217
11,897
12,525
11,493
12,400
9,914
34,869
19,812
4,200
2,284
13,329
7,340
22,128
10,264
11,863
13,108
11,653
12,560
9,914
35,479
20,076
4,165
2,306
13,605
7,657
22,167
10,211
11,956
13,230
11,954
12,895
10,120
36,442
20,345
4,180
2,351
13,815
7,974
22,482
10,334
12,148
13,509
12,220
13,147
10,563
37,431
20,698
4,256
2,385
14,057
373
373
379
392
411
421
426
1,345
3,178
12,057
7,364
4,693
4,025
2,867
5,457
2,708
12,130
8,974
1,541
1,127
6,306
1,336
3,199
12,273
7,469
4,804
4,006
2,921
5,550
2,703
12,352
9,123
1,579
1,147
6,397
1,336
3,355
12,515
7,700
4,814
4,075
2,973
5,691
2,763
12,619
9,344
1,616
1,154
6,574
1,403
3,327
12,765
7,868
4,897
4,154
3,054
5,717
2,922
12,806
9,181
1,605
1,138
6,438
1,341
3,425
12,640
7,718
4,922
4,230
3,097
5,760
2,870
12,929
9,324
1,619
1,159
6,546
1,392
3,383
13,352
8,258
5,094
4,313
3,123
5,837
2,922
13,132
9,340
1,626
1,166
6,547
1,394
3,555
13,710
8,411
5,299
4,391
3,137
5,975
3,036
13,378
9,449
1,623
1,174
6,653
III'
IV
South Carolina
North Carolina
1997
1996
1998
1998
1996
1997
I
V
1998
III
IV
\r
163,988
160,883
3,105
166,565
163,398
3,167
170,797
167,664
3,134
173,113
169,844
3,269
174,256
171,600
2,656
177,656
174,847
2,809
181,071
179,108
1,963
74,693
74,252
75,425
74,977
76,909
76,500
77,819
77,410
78,849
78,452
80,276
79,914
82,084
81,779
117,799
117,485
119,047
118,733
121,648
121,427
123,101
122,876
124,550
124,325
126,959
126,738
129,497
129,267
442
447
409
410
396
361
306
315
314
222
225
225
221
230
120,784
8,434
-857
111,493
25,377
27,118
122,934
8,563
-881
113,490
25.690
27,385
126,035
8,793
-910
116,332
26,320
28,145
127,739
8,867
-927
117,945
26,702
28,466
128,342
8,918
-922
118,502
27,019
28,735
131,390
9,090
-948
121,352
27,283
29,021
134,178
9,385
-982
,123,811
27,590
29,670
52,384
3,767
52,853
3,794
53,758
3,864
54,401
3,894
55,223
3,942
56,479
4,021
57,983
4,149
778
798
832
841
841
860
882
49,394
11,248
14,051
49,858
11,359
14,208
50,725
11,623
14,561
51,347
11,776
14,696
52,122
11,904
14,822
53,318
12,010
14,948
54,716
12,133
15,236
86,680
5,613
-404
80,163
16,655
20,981
87,679
5,669
-915
81,094
16,823
21,130
89,521
5,797
-944
82,780
17,190
21,679
90,566
5,837
-961
83,769
17,423
21,909
91,705
5,883
-985
84,837
17,613
22,099
93,913
6,000
-1,014
86,899
17,768
22,292
96,026
6,160
-1,049
88,816
17,952
22,729
IIr
W
IV
\p
III
IV
V
II'
III'
IV
\P
III
I
If
V
385
391
389
409
402
408
448
200
203
195
188
183
177
176
314
326
335
351
346
340
344
26,994
27,756
28,057
28,333
28,612
29,222
13,851
14,005
14,366
14,508
14,639
14,771
15,060
20,667
20,804
21,344
21,558
21,753
21,952
22,384
97,106
10,729
12,950
2,730
10,220
98,980
10,807
13,147
2,793
10,354
101,787
10,944
13,304
2,755
10,549
103,174
10,997
13,568
2,886
10,682
104,250
10,991
13,101
2,269
10,832
106,820
11,117
13,453
2,417
11,036
110,004
11,348
12,826
1,567
11,259
43,297
4,920
4,167
43,758
4,914
4,181
44,634
4,931
4,194
45,218
4,965
4,217
45,988
4,993
4,243
47,149
5,057
4,273
48,530
5,148
4,306
68,401
8,087
10,193
69,326
8,093
10,260
70,986
8,166
10,369
71,840
8,205
10,521
72,752
8,206
10,748
74,584
8,327
11,001
76,378
8,433
11,215
3,105
117,679
98,258
3,167
119,767
100,003
3,134
122,901
102,660
3,269
124,470
104,094
2,656
125,686
104,848
2,809
128,581
107,621
1,963
132,215
110,879
712
179
730
185
765
193
779
200
806
197
823
209
8,270
30,643
15,087
15,556
7,699
7,615
11,960
7,818
27,696
20,242
2,663
3,222
14,358
8,360
30,804
15,124
15,680
7,833
7,720
12,036
8,098
28,264
20,377
2,693
3,238
14,446
8,451
30,582
15,028
15,554
7,887
7,851
12,344
8225
28,504
20,838
2,722
3,237
14,879
8,667
31,319
15,452
15,867
8,100
8,013
12,481
8,395
29,614
20,960
2,766
3,167
15,027
7,986
29,843
14,403
15,440
7,591
7,296
11,725
7,598
27,049
19,764
2,619
3,105
14,040
344
351
311
311
296
260
203
181
180
86
88
86
81
88
3,823
3,830
3,883
3,907
3,946
4,013
4,103
10,012
10,080
10,282
10,433
10,662
10,920
11,127
442
447
409
410
396
361
306
315
314
222
225
225
221
230
51,942
42,440
52,406
42,871
53,349
43,696
53,991
44,327
54,827
44,848
56,118
46,091
57,677
47,536
86,366
74,746
87,365
75,643
89,299
77,473
90,342
78,439
91,480
79,785
93,691
81,876
95,796
83,796
837
211
322
78
330
76
330
77
348
80
356
82
357
82
361
83
424
276
419
286
431
309
443
278
463
345
472
281
480
283
8,912
32,610
16,252
16,359
8,224
8,226
12,678
8,841
30,341
21,336
2,805
3,247
15,284
3,690
13,151
5,443
7,708
3,008
2,538
5,660
2,785
11,208
9,502
1,161
1,207
7,133
3,779
13,622
5,634
7,988
3,099
2,782
6,030
3,001
12,097
9,979
1,183
1,252
7,544
3,883
14,005
5,893
8,112
3,209
2,905
6,155
3,059
12,435
10,027
1,198
1,220
7,610
4,100
14,240
6,054
8,186
3,246
3,006
6,353
3,206
12,940
10,142
1,208
1,192
7,742
5,318
19,503
11,278
8,226
6,386
5,570
9,116
5,228
22,925
11,620
2,598
5,408
19,452
11,157
8,295
6,366
5,616
9,245
5,331
23,521
11,722
2,607
5,462
19,727
11,457
8,270
6,631
5,723
9,524
5,365
24,301
11,826
2,682
5,486
20,005
11,609
8,396
6,765
5,786
9,513
5,620
24,544
11,903
2,653
5,711
20,041
11,561
8,480
6,618
5,923
9,683
5,633
25,368
11,696
2,612
5,983
20,545
11,906
8,639
7,263
6,127
9,757
5,891
25,557
11,815
2,537
6,106
20,813
12,149
8,664
7,465
6,290
9,946
6,169
26,244
12,000
2,619
3,736
13,151
5,417
7,734
2,975
2,590
5,773
2,807
11,433
9,535
1,159
1,212
7,164
3,805
13,296
5,532
7,764
2,974
2,677
5,942
2,784
11,811
9,653
1,187
1,200
7,267
3,761
13,546
5,658
7,888
3,030
2,741
5,941
2,981
11,901
9,664
1,180
1,166
7,317
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Line
\P
26,734
7,642
29,681
14,435
15,247
7,650
7,202
11,452
7,469
26,271
19,421
2,603
3,112
13,705
1
2
3
Tennessee
1997
1996
Line
\p
III
IV
III'
Kentucky
1997
1996
1998
388
340
268
265
260
250
247
8,635
8,775
8,876
8,985
8,823
9,028
9,134
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
182 • August 1998
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Virginia
Line
1996
Item
West Virginia
1997
1997
1996
1998
Income by Place of Residence
169,463
"",968
494
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
171,295
170,785
510
175,284
175,007
277
176,467
176,182
286
178,998
178,718
280
182,210
181,933
277
185,832
185,570
262
33,406
33,415
-10
33,585
33,594
-10
34,000
34,030
-29
34,351
34,372
-21
34,559
34,582
-23
34,942
34,968
-26
35,328
35,364
^36
115,888
7,728
5,676
113,836
117,337
120,234
8,024
120,992
122,977
21,126
1,583
190
19,734
5,148
8,524
145
8,379
21,167
1,581
213
19,800
21,304
1,592
21,532
1,603
247
21,909
22,118
8,144
5,772
120,605
32,996
126,103
8,323
129,262
8,039
5,643
1,618
291
20,582
5,404
311
20,789
5,443
8,956
9,096
150
155
8,941
17,787
1,966
2,156
-53
2,209
17,979
1,962
2,177
-63
2,240
-26
-36
22,154
18,029
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
31,478
24,148
174
23,974
7,806
5,714
115,244
31,698
24,353
174
24,179
5,791
118,002
32,345
24,938
177
118,596
32,696
25,175
184
25,396
5,598
8,565
5,546
123,378
33,240
25,591
175
25,416
126,243
33,523
26,066
183
25,882
109,949
24,761
24,992
194
25,202
101,726
10,140
8,369
104,268
10,238
8,471
91
8,380
107,117
10,384
280
122,698
95,905
685
667
151
8,444
19,958
5,281
8,761
148
8,614
20,176
5,329
8,846
165
8,681
21,630
1,603
260
20,287
5,371
8,902
159
8,743
17,041
2,007
2,077
-36
2,113
17,094
1,984
2,089
^36
2,124
17,239
1,961
2,104
-56
2,160
17,451
1,977
2,105
-47
2,152
17,533
1,964
2,133
-50
2,183
-10
21,136
17,163
78
1,571
1,346
-10
21,177
17,171
77
1,528
1,388
3,322
1,855
1,467
-29
-21
21,334
17,280
21,553
-23
21,653
17,567
84
5,190
8,595
246
1,640
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
97,451
9,963
8,474
312
8,163
98,832
10,006
8,171
8,276
102,447
10,140
8,405
100
8,305
494
510
115,394
89,251
634
620
7,037
15,511
7,990
7,521
7,658
6,330
10,142
7,920
33,399
26,144
8,241
5,558
12,345
116,827
90,652
636
650
7,203
15,762
8,127
7,635
7,690
6,436
10,370
7,889
34,015
26,175
8,255
5,508
12,412
277
119,958
93,339
652
638
7,611
15,923
8,239
7,684
7,926
6,645
10,516
8,221
35,207
26,618
8,379
5,619
12,620
120,706
94,243
664
649
7,478
16,130
8,361
7,769
7,992
6,561
10,490
8,574
35,704
26,463
8,275
5,559
12,630
8,499
328
93
8,602
10,565
8,749
87
8,515
69
8,680
277
125,826
99,013
706
262
129,000
101,935
717
693
7,998
17,313
9,086
8,227
8,917
6,930
11,134
9,353
38,882
27,065
8,292
5,590
13,183
Earnings by Industry
Farm
Nonfarm
ivate
6
Agricultural services, forestry, fishing, and other ..,
Mining
Construction
Manufacturing
Durable goods ...
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
,
696
7,724
7,521
16,196
8,301
7,895
8,407
6,646
10,681
8,580
36,523
8,957
37,693
26,792
26,813
8,151
5,516
13,125
13,067
16,717
8,740
7,978
8,788
6,776
10,955
8,164
5,582
3,409
1,941
1,468
1,707
1,016
2,018
854
5,165
3,973
854
94
3,025
79
1,479
1,447
3,250
1,803
1,447
1,341
3,363
1,902
1,483
1,686
1,706
1,027
1,067
1,064
2,059
855
5,233
4,005
870
93
3,043
2,096
854
5,322
4,054
906
97
1,853
1,511
1,708
1,071
2,095
2,096
3,051
893
5,484
4,086
956
97
3,033
895
5,384
4,093
931
96
3,066
21,935
17,857
92
1,559
1,330
3,478
1,964
1,514
1,707
1,073
93
1,504
1,346
3,513
1,961
1,552
1,711
1,086
2,156
2,130
908
5,580
4,077
5,683
4,124
962
96
3,020
98
3,052
936
974
Texas
1997
1996
Item
1,528
1,307
3,386
1,683
Oklahoma
Line
17,460
80
1,542
1998
1996
1998
1997
Income by Place of Residence
65,022
64,663
359
65,562
65,206
356
67,403
66,772
68,040
67,294
747
68,551
67,855
631
43,644
3,080
734
41,298
10,613
13,111
108
13,003
43,888
3,089
742
41,540
10,801
13,222
117
13,105
45,302
3,178
757
42,881
10,996
13,526
113
13,414
45,684
3,184
773
43,273
11,121
13,646
109
13,536
45,988
3,197
33,786
3,990
5,868
214
5,654
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
34,039
3,969
5,880
215
5,665
35,067
4,042
6,194
488
5,705
359
43,285
34,763
250
2,019
2,128
7,142
4,652
2,490
3,569
2,221
4,406
2,334
10,695
.8,522
1,949
991
5,581
356
43,532
35,021
245
2,040
2,143
7,142
4,607
2,535
3,540
2,256
4,476
2,315
10,864
8,511
1,982
974
5,554
631
44,671
36,027
258
2,101
2,155
7,443
4,794
2,648
3,773
2,284
4,527
2,328
11,159
\ 8,644
2,063
967
5,613
68,815
68,195
620
430,200
428,216
1,984
435,345
433,366
713
45,127
3,112
820
42,834
11,305
13,863
101
13,762
45,624
3,164
835
43,295
11,402
14,118
108
14,009
322,392
20,269
786
43,577
11,223
13,750
102
13,648
-911
301,211
35,311
4,026
6,347
602
5,746
35,619
4,024
6,344
550
5,794
34,861
3,890
6,376
565
5,811
35,349
3,892
6,383
470
5,913
747
44,937
36,332
259
2,130
2,137
7,475
4,810
2,664
3,626
2,324
4,559
2,488
11,335
8,605
2,066
964
5,575
697
45,291
36,481
272
2,142
2,109
7,443
4,823
2,621
3,727
2,344
4,525
2,449
11,470
8,311
2,067
983
5,760
713
620
45,004
36,171
261
2,166
2,083
7,211
4,706
2,505
3,839
2,347
4,546
2,446
11,273
8,833
2,115
984
5,734
68,002
67,289
448,435
445,420
3,015
456,243
453,019
3,224
466,301
326,397
20,477
336,928
-930
-978
352,863
22,004
-1,068
1,979
463,078
3,223
472,685
469,874
2,811
482,056
479,637
2,419
358,475
22,299
-1,080
335,096
69,209
68,380
366,428
22,924
-1,117
342,387
69,882
69,787
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
.....
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
304,991
314,815
64,088
987
63,101
65,701
64,653
967
63,686
66,531
1,078
65,452
343,557
21,470
-1,009
321,078
67,935
67,230
1,078
66,151
245,409
25,892
51,090
1,253
49,837
248,835
25,931
51,632
1,265
50,367
257,197
26,439
53,291
2,293
50,998
262,626
26,770
54,161
2,493
51,668
1,984
320,408
1,979
324,418
277,373
3,015
333,913
3,224
340,334
291,995
64,901
21,135
329,790
68,635
67,876
1,085
66,790
942
934
67,439
68,853
270,415
27,326
55,121
2,484
52,637
275,476
27,445
55,554
2,063
53,491
282,466
27,837
56,125
1,663
54,462
3,223
349,640
300,734
2,131
14,772
21,485
58,120
32,345
25,776
30,464
24,098
31,839
24,498
93,326
48,906
8,337
4,174
36,395
2,811
355,664
306,231
2,147
15,164
21,859
58,640
32,631
26,008
31,525
24,495
32,416
24,571
95,414
49,433
8,329
4,134
36,970
2,419
364,009
313,814
2,179
15,384
22,716
59,678
33,506
26,172
32,430
24,904
33,137
25,710
97,675
50,196
8,464
4,293
37,439
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private ..'.
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
, ,• Retail tradp
Finance, insurance, and real estate
' Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
:
44,414
35,683
258
2,133
1,992
7,381
4,789
2,592
3,749
2,305
4,471
2,350
11,043
8,731
2,070
986
5,675
273,366
1,884
13,239
19,980
53,324
28,819
24,506
21,417
29,638
22,091
83,704
47,041
8,107
4,098
34,837
1,903
13,389
20,176
53,701
29,144
24,557
28,310
21,884
30,289
21,998
85,723
47,045
[
8,093
4,100
34,852
285,967
1,946
14,338
20,095
55,311
30,186
25,125
29,701
22,520
30,725
22,594
88,737
47,946
8,348
4,196
35,402
2,010
14,299
20,432
56,711
31,371
25,340
29,805
23,185
31,123
23,508
90,921
48,338
8,365
4,190
35,783
August 1998
SURVEY OF CURRENT BUSINESS
• 183
and Earnings by Industry, 1996:111-1998:11—Continued
adjusted at annual rates]
Arizona
Southwest
1997
1996
\P
New Mexico
1997
1996
1998
1998
\P
1996
1997
1998
III
IV
K
IK
IIK
623,216
619,748
3,468
630,148
626,739
3,409
648,384
643,659
4,725
659,109
653,959
5,150
671,721
666,675
5,046
680,238
675,682
4,556
693,096
689,151
3,945
95,629
94,879
96,687
95,983
750
704
454,046
29,536
459,041
29,793
473,249
30,706
482,031
31,136
493,251
31,775
500,351
32,134
510,884
32,990
65,879
4,569
153
152
126
119
80
104
88
256
424,663
98,404
100,150
1,338
98,812
429,400
99,690
101,058
1,329
99,729
442,669
101,849
103,866
1,439
102,426
451,014
103,170
104,926
1,432
103,494
461,556
104,263
105,902
1,432
104,470
468,321
105,164
106,753
1,294
105,459
477,982
106,219
108,895
1,275
107,619
61,567
17,623
16,439
168
164
166
165
164
171
150
75
81
82
79
81
80
83
16,271
16,429
16,868
17,042
17,201
17,362
17,714
6,436
6,510
6,692
6,764
6,830
6,897
7,043
350,485
37,449
66,112
2,213
63,899
354,955
37,435
66,651
2,171
64,480
366,376
38,126
68,746
3,472
65,274
373,471
38,533
70,026
3,883
66,143
383,010
39,168
71,074
3,764
67,310
389,478
39,261
71,611
3,259
68,352
398,874
39,756
72,254
2,633
69,621
53,514
5,634
6,732
54,206
5,619
6,743
55,841
5,710
6,843
56,923
5,779
6,994
58,226
5,858
7,098
60,085
5,965
7,149
61,681
6,055
7,204
17,775
1,933
2,423
17,876
1,916
2,396
18,271
1,936
2,418
18,612
1,958
2,523
18,749
1,960
2,510
19,057
1,962
2,532
19,378
1,972
2,543
3,468
450,578
379,167
2,909
16,759
28,421
71,205
41,909
29,296
36,978
28,651
43,677
31,230
119,337
71,411
13,221
6,427
51,763
3,409
455,633
384,248
2,924
16,859
28,723
71,621
42,224
29,397
37,075
29,256
44,697
31,118
121,973
71,385
13,248
6,407
51,730
4,725
468,525
395,760
2,991
17,923
28,617
74,045
43,973
30,072
38,947
30,056
45,333
31,769
126,079
72,765
13,670
6,530
52,565
5,150
476,881
403,609
3,090
18,027
29,197
75,718
45,321
30,397
38,911
30,887
45,829
33,068
128,883
73,271
13,701
6,505
53,065
5,046
488,205
413,926
3,257
18,479
30,349
77,336
46,558
30,777
39,766
31,995
46,682
34,189
131,874
74,279
13,645
6,490
54,144
4,556
495,795
421,137
3,263
18,876
30,736
78,319
47,235
31,084
40,975
32,500
47,633
34,544
134,291
74,659
13,656
6,443
54,559
3,945
506,940
431,327
3,313
19,113
31,903
79,433
48,278
31,155
42,100
33,068
48,783
36,131
137,485
75,613
13,862
6,620
55,130
IV
IV
IK
UK
99,285
98,581
100,983
100,230
102,775
102,038
105,031
104,386
107,190
106,643
32,365
31,990
32,553
32,184
33,260
32,886
33,842
33,416
34,094
33,704
34,520
34,134
753
736
646
547
375
369
374
427
390
386
359
68,394
4,736
69,696
4,803
73,199
5,020
74,939
5,167
22,131
1,618
22,188
1,623
22,624
1,657
23,093
1,679
23,218
1,683
23,551
1,702
23,893
1,735
263
265
270
268
267
269
74
77
82
85
94
96
101
62,227
17,868
16,592
63,923
18,328
17,034
65,163
18,613
17,207
66,560
18,849
17,365
68,446
19,052
17,533
70,041
19,285
17,864
20,587
5,267
6,511
20,642
5,320
6,591
21,050
5,436
6,774
21,499
5,500
6,843
21,628
5,555
6,911
21,945
5,599
6,976
22,259
5,650
7,126
K
71,182 ,
4,891
IV
IV
III
K
IK
IV
K
IK
UK
190,028
188,069
1,959
192,116
190,133
1,984
196,070
194,373
1,697
199,311
197,519
1,791
203,066
201,276
1,790
206,008
204,225
1,783
209,743
208,168
1,576
138,051
9,206
139,600
9,291
142,254
9,492
144,887
9,619
148,201
9,811
150,663
9,934
235
245
256
264
255
269
129,079
33,982
26,967
130,553
34,390
27,173
133,018
35,209
27,842
135,531
35,692
28,087
138,646
36,098
28,322
140,998
36,440
28,570
IV
I*
464
461
507
488
394
293
234
227
230
281
242
237
208
6,279
6,382
6,487
6,610
6,755
6,911
2,189
2,169
2,188
2,242
2,268
2,295
2,335
750
704
704
753
736
646
547
375
369
374
427
390
386
359
65,129
54,879
65,864
55,625
67,690
57,203
68,943
58,385
70,446
59,703
72,553
61,879
74,392
63,694
21,756
16,159
21,819
16,229
22,250
16,563
22,666
16,897
22,828
17,008
23,165
17,344
23,535
17,648
625
728
622
676
628
697
660
778
690
757
687
748
698
732
151
773
155
755
160
786
161
820
164
807
171
829
174
831
4,755
9,025
7,209
1,816
3,995
4,116
7,164
5,668
18,803
10,250
1,855
4,881
9,063
7,252
1,811
3,910
4,203
7,425
5,689
19,157
10,238
1,857
4,876
9,455
7,642
1,812
4,088
4,317
7,539
5,741
19,862
10,487
1,912
4,997
9,696
7,804
1,892
4,105
4,425
7,588
5,909
20,228
10,559
1,928
5,131
9,881
7,997
1,884
4,164
4,584
7,731
6,067
20,698
10,743
1,910
5,283
10,369
8,415
1,953
4,296
4,715
8,095
6,396
21,290
10,674
1,918
5,478
10,593
8,604
1,989
4,404
4,820
8,399
6,696
21,875
10,698
1,928
1,558
1,713
1,230
1,523
1,716
1,221
1,491
1,837
1,351
1,631
1,836
1,336
1,624
1,891
1,394
1,601
1,929
1,399
1,626
1,951
1,462
484
494
487
501
497
530
489
1,327
1,315
1,384
1,376
1,411
1,405
1,427
897
914
935
953
969
985
997
2,469
1,137
6,135
5,597
1,310
2,508
1,115
6,229
5,590
1,315
2,542
1,107
6,320
5,687
1,347
2,559
1,163
6,399
5,769
1,342
2,587
1,176
6,381
5,820
1,331
2,651
1,227
6,544
5,821
1,340
2,701
1,279
6,662
5,887
1,355
799
798
826
822
816
815
827
539
534
539
530
516
507
517
7,596
7,583
7,750
7,809
8,017
7,941
7,943
3,749
3,741
3,801
3,898
3,972
3,974
4,015
UK
IV
1996
1998
III
IV
512
Colorado
1997
UK
6,220
Rocky Mountain
1996
1998
\P
1997
1996
1998
IK
UK
99,179
98,509
100,466
99,798
102,643
102,014
104,519
103,838
106,742
106,067
108,705
108,043
110,973
110,405
23,798
23,002
23,897
23,103
24,281
23,670
24,624
23,983
25,064
24,420
25,227
24,586
25,425
24,866
671
668
630
681
675
662
568
796
794
611
641
645
641
559
153,683
10,178
72,633
4,667
73,687
4,730
75,177
4,830
76,751
4,909
78,749
5,025
80,502
5,119
82,429
5,265
16,880
1,164
16,866
1,163
17,077
1,192
17,324
1,200
17,711
1,225
17,776
1,223
17,840
1,235
111
49
48
50
48
43
42
41
223
233
244
252
250
263
273
143,783
36,835
29,126
68,016
18,439
12,725
69,005
18,679
12,782
70,397
19,132
13,114
71,890
19,403
13,225
73,768
19,630
13,344
75,426
19,822
13,458
77,205
20,044
13,724
15,939
4,102
3,757
15,936
4,144
3,817
16,129
4,240
3,911
16,376
4,298
3,950
16,736
4,346
3,983
16,816
4,386
4,026
16,878
4,432
4,116
IV
IV
III
K
IK
442
471
478
460
455
460
486
179
177
184
167
167
162
169
98
118
115
115
113
121
133
26,702
27,365
27,627
27,866
28,110
28,640
12,546
12,605
12,930
13,059
13,176
13,295
13,556
3,659
3,699
3,796
3,834
3,870
3,905
3,983
108,910
11,581
17,559
1,100
16,459
110,375
11,584
17,640
1,119
16,521
112,967
11,683
17,603
115,102
11,806
17,979
117,970
11,996
18,234
120,084
12,033
18,546
122,747
12,167
18,769
57,873
5,912
8,849
58,894
5,938
8,855
60,225
5,987
8,964
61,534
6,063
9,154
63,271
6,193
9,285
64,801
6,252
9,449
66,468
6,351
9,609
12,437
1,378
3,065
12,454
1,364
3,047
12,782
1,380
2,915
12,937
1,385
3,002
13,266
1,409
3,036
13,320
1,389
3,067
13,413
1,381
3,046
822
906
895
877
660
410
405
363
411
402
386
289
495
491
305
331
331
325
239
16,781
17,073
17,340
17,669
18,110
8,439
8,450
8,601
8,742
8,883
9,063
9,320
2,570
2,556
2,611
2,671
2,704
2,742
2,807
1,959
136,092
113,307
1,984
137,616
114,676
1,697
140,557
117,211
1,016
3,391
10,716
18,094
12,369
5,725
12,184
8,165
14,825
9,753
39,067
23,346
5,250
1,834
16,262
1,791
143,095
119,553
1,059
3,436
11,040
18,454
12,519
5,935
12,216
8,366
15,029
10,226
39,728
23,542
5,205
1,816
16,521
1,790
146,411
122,596
1,104
3,383
11,121
18,901
12,925
5,977
12,829
8,513
15,308
10,474
40,962
23,815
5,147
1,827
16,841
1,783
148,880
124,991
1,128
3,411
11,312
19,132
13,087
6,045
13,114
8,728
15,561
10,880
41,724
23,889
5,165
1,843
16,880
1,576
152,108
127,788
1,147
3,440
11,914
19,339
13,271
6,067
13,385
8,855
15,923
11,339
42,446
24,320
5,316
1,886
17,118
983
997
3,184
10,508
17,647
12,047
5,600
11,924
8,021
14,535
9,772
38,089
22,940
5,041
1,813
16,085
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
671
668
630
681
675
662
568
796
794
611
641
645
641
559
71,962
60,810
73,019
61,797
74,547
63,116
76,070
64,582
78,075
66,477
79,840
68,159
81,861
70,001
16,084
13,373
16,072
13,318
16,467
13,651
16,683
13,842
17,066
14,256
17,134
14,310
17,280
14,366
474
478
495
520
529
547
556
1,277
5,259
8,791
5,942
2,849
6,946
4,348
7,156
5,669
20,892
11,152
2,455
1,104
7,593
1,269
5,265
8,762
5,934
2,828
6,931
4,456
7,279
5,819
21,537
11,222
2,444
1,098
7,680
1,400
5,428
9,000
6,149
2,851
7,050
4,587
7,444
5,756
21,957
11,432
2,531
1,101
7,799
1,356
5,559
9,189
6,250
2,939
7,066
4,698
7,563
6,099
22,530
11,488
2,501
1,084
7,902
1,362
5,607
9,402
6,460
2,942
7,582
4,807
7,632
6,307
23,250
11,597
2,477
1,092
8,028
1,329
5,743
9,638
6,615
3,023
7,780
4,933
7,805
6,604
23,781
11,682
2,481
1,114
8,087
1,338
6,194
9,908
6,810
3,098
7,935
4,997
8,013
6,895
24,165
11,860
2,534
1,141
8,185
229
169
230
176
234
173
240
182
268
175
260
174
263
174
1,474
2,998
2,077
1,441
2,948
2,030
1,472
3,068
2,108
1,531
3,083
2,089
1,476
3,193
2,199
1,521
3,070
2,139
922
918
959
994
1,103
1,094
1,126
1,121
1,494
3,290
2,289
1,001
1,159
926
934
944
963
976
995
1,920
1,804
1,838
994
931
1,149
1,172
1,019
1,948
1,861
1,868
862
829
813
841
860
899
941
3,831
2,711
3,864
2,754
3,984
2,816
4,020
2,841
4,166
2,810
4,246
2,825
4,258
2,914
1,781
Line
\P
K
26,525
3,180
10,405
17,692
12,071
5,621
11,974
7,858
14,261
9,632
37,322
22,785
5,058
1,826
15,900
1
2
3
Idaho
1997
IV
III
I'
Line
35,035
34,676
704
66,568
4,604
III
516
168
518
170
541
180
526
182
513
183
516
183
549
191
2,028
2,066
2,095
2,134
2,114
2,125
2,174
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
184
• August 1998
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Montana
Line
Item
Utah
1997
1996
1998
1997
1996
1998
Income by Place of Residence
Personal income (lines 4-11) .
Nonfarm
Farm (line 17)
17,199
16,932
267
16,767
244
17,280
17,062
218
17,527
11,063
876
-16
10,171
3,631
17,011
10,995
876
-15
10,105
3,706
3,470
71
11,187
887
-15
17,298
229
17,732
17,504
228
18,085
17,840
245
18,385
18,166
219
11,348
11,670
915
-16
10,739
3,809
3,537
58
3,479
11,897
8,821
948
1,901
101
1,801
9,031
228
11,120
8,889
114
299
877
865
547
318
960
591
1,412
633
3,137
2,231
538
153
245
11,426
9,151
119
310
951
904
573
331
969
612
219
11,678
1,450
644
3,192
2,275
549
152
1,540
1,574
1,473
672
3,258
2,314
568
155
1,591
39,601
40,059
39,412
189
39,872
187
41,118
40,985
133
41,783
41,647
137
42,545
42,409
136
42,882
42,750
30,641
2,018
0
28,623
5,528
5,450
68
5,382
30,992
2,037
1
28,956
5,606
5,498
72
5,426
31,841
32,396
2,099
0
29,742
5,744
5,632
77
5,555
2,126
0
33,301
2,169
33,995
2,223
1
30,269
5,828
5,686
79
5,607
33,073
2,165
-2
30,906
5,898
5,740
87
5,654
31,133
5,957
5,792
91
5,701
31,774
6,025
5,894
89
5,805
24,908
2,786
2,947
100
2,848
25,239
2,784
2,969
97
2,872
26,040
2,825
2,976
42
2,934
26,512
2,856
3,027
44
2,983
27,126
2,889
3,058
42
3,016
27,323
2,872
3,106
38
3,068
27,924
2,899
3,172
33
3,139
189
30,452
25,338
119
415
2,333
4,656
3,345
1,311
2,328
1,763
3,242
2,171
8,312
5,114
187
30,805
25,666
132
429
2,365
4,708
3,392
1,316
2,324
1,802
3,348
2,200
8,358
5,139
1,273
260
3,606
133
31,708
26,406
125
442
2,493
4,784
3,419
1,365
2,365
1,809
3,425
2,241
8,722
5,302
1,341
266
3,695
137
32,259
26,891
133
136
32,938
27,413
133
449
2,547
4,938
3,465
1,473
2,458
1,881
3,651
2,349
9,006
5,525
1,325
128
33,867
28,287
263
3,937
132
33,169
27,700
144
452
2,561
4,992
3,532
1,460
2,517
1,922
3,634
2,399
9,079
5,469
1,329
261
3,880
132
43,693
43,565
128
Derivation of Personal Income
Earnii
lings by place of work (line 12-16 or 17-34) ..
Less: Personal contributions for social insurance 2
;:
Plus: Adjustment for residence 3 .
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
10,928
872
-16
10,041
3,596
3,374
65
3,397
70
3,327
3,310
10,285
3,746
3,496
3,399
69
3,427
895
-15
10,438
3,780
3,514
61
3,453
940
-17
10,940
3,842
3,603
66
3,537
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
8,225
938
1,765
107
1,658
8,306
935
1,822
129
8,312
921
1,762
78
931
1,796
87
1,693
1,684
1,709
244
10,684
267
10,797
8,582
103
285
876
838
533
305
920
586
1,373
606
218
10,778
8,606
105
290
786
845
533
312
971
578
1,381
595
3,055
2,171
547
152
1,472
229
10,958
8,745
108
307
807
874
557
318
961
591
1,397
621
8,576
934
1,838
85
1,753
961
1,904
73
1,831
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities .
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
8,496
104
301
794
851
543
308
926
579
1,366
609
2,966
2,996
2,188
524
160
1,504
2,214
524
153
1,538
3,079
2,213
543
151
1,519
9,364
120
309
966
931
598
334
1,019
615
1,276
259
3,579
Item
1997
1996
146
455
2,640
5,017
3,554
1,464
2,545
1,953
3,728
2,483
9,319
5,580
1,370
262
3,947
Hawaii
California
Line
467
2,573
4,901
3,457
1,444
2,387
1,856
3,465
2,333
8,777
5,368
1,339
263
3,766
1998
1997
1996
Income by Place of Residence
879,320
871,317
8,003
894,375
887,652
6,723
30,171
627,015
42,051
-588
584,376
161,518
639,750
43,181
-608
595,961
162,814
21,331
159,046
131,279
2,804
128,474
619,083
41,661
-603
576,819
160,483
132,305
2,804
129,500
133,426
130,541
135,600
2,789
132,811
1,372
0
19,959
5,339
4,872
171
4,701
461,079
48,917
83,933
3,792
80,142
471,625
49,699
85,404
4,253
81,151
482,383
50,512
86,189
3,983
82,206
489,460
50,501
87,055
3,731
83,324
501,308
51,193
87,248
2,404
84,844
17,070
1,804
2,457
2
2,456
7,921
586,008
498,235
6,364
2,138
30,055
93,332
64,782
28,550
36,173
36,807
53,380
47,030
192,955
87,774
13,066
8,431
598,297
510,410
6,692
8,209
610,875
522,426
6,730
2,292
31,511
100,044
70,461
29,583
37,833
38,212
54,874
50,214
200,716
8,003
619,012
529,164
6,703
2,235
31,881
100,391
70,705
29,685
38,446
38,686
6,723
633,026
542,162
6,779
2,237
183
21,148
33,164
102,581
1,466
792
203
52,322
202,813
89,848
13,044
5,845
70,959
54,518
207,764
90,864
13,190
5,986
71,689
840,674
832,753
7,921
855,571
847,140
8,431
869,607
606,728
40,922
-560
565,246
124,517
593,929
40,213
-528
553,188
157,259
130,227
2,875
127,352
443,750
48,253
81,809
3,780
78,030
451,807
48,582
82,725
3,857
78,867
7,753
566,059
7,941
575,173
488,555
6,122
2,043
813,415
805,662
7,753
Personal income (lines 4-11)
Nonfarm
Farm (line 17)
824,940
573,812
583,114
38,933
-505
534,374
126,167
2,770
39,460
-523
543,131
154,353
127,456
2,939
123,398
816,999
7,941
861,399
8,209
29,987
183
30,159
29,974
185
30,586
30,390
197
30,827
30,628
31,190
30,989
201
31,096
30,894
202
31,379
31,178
201
21,274
1,365
0
21,496
1,380
0
19,909
5,361
4,889
168
4,721
20,116
5,464
5,007
168
4,839
21,626
1,382
0
20,244
5,525
5,058
173
21,911
1,397
0
20,514
5,575
5,101
173
4,928
21,730
1,377
0
20,353
5,610
5,133
161
4,972
21,895
1,392
0
20,503
5,655
5,220
155
5,066
17,041
1,781
2,452
2
2,450
17,251
1,772
2,473
11
2,461
17,374
1,771
2,481
12
2,469
17,639
1,783
2,489
11
2,478
17,479
1,741
2,510
11
2,500
17,619
1,734
2,543
7
2,535
201
21,710
202
21,528
15,983
21,694
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for social insurance 2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
152,873
2,886
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing, and other 6
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
...
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal civilian
.
Military'
State and local
480,312
6,084
2,042
28,025
. ..
61,644
27,724
35,434
35,199
51,564
45,818
186,781
85,747
12,903
6,115
66,728
90,829
62,730
28,099
35,437
36,043
52,738
46,225
190,492
86,618
12,881
6,056
67,681
2,194
30,915
95,851
29,242
37,203
37,523
54,394
48,598
197,040
87,887
13,083
5,984
p Preliminary.
r
Revised.
1. The estimates of earnings for 1996-98 are based on the 1987 Standard Industrial Classification.
2. Personal contributions for social insurance are included in earnings by type and by industry, but they are
excluded from personal income.
3. The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States,
it consists of adjustments for border workers and for certain temporary and migratory workers: Wage and salary
disbursements to U.S. residents commuting or working temporarily outside U.S. borders less wage and salary disbursements to foreign residents commuting or working temporarily inside U.S borders.
4.
5.
6.
tions
13,010
5,949
69,490
72,609
29,972
39,173
39,367
56,578
15,813
143
19
589
1,750
796
2,610
1,772
6,466
5,334
1,224
1,585
2,525
185
21,089
15,751
139
17
1,404
799
202
596
1,763
790
2,629
1,745
6,466
5,338
1,223
1,582
2,533
197
21,299
15,862
140
16
1,397
795
204
591
1,800
779
2,642
1,716
6,577
5,438
1,253
1,639
2,546
199
21,427
15,982
140
18
1,367
806
198
607
1,809
804
2,648
1,794
6,597
5,445
1,255
1,633
2,556
16,025
142
16
1,317
828
191
637
1,821
795
2,659
1,780
6,667
5,685
1,258
1,622
2,805
146
16
1,311
813
194
619
1,824
809
2,648
1,778
6,639
5,545
1,258
1,624
2,664
201
16,118
147
16
1,337
750
181
569
1,843
814
2,669
1,826
6,716
5,577
1,268
1,640
2,669
Rental income of persons includes the capital consumption adjustment.
Proprietors' income includes the inventory valuation adjustment and the capital consumption adjustment.
"Other" consists of the wage and salary disbursements to U.S. residents employed by international organizaand foreign embassies and consulates in the United States.
NOTE.—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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
and revision schedules.
August 1998
SURVEY OF CURRENT BUSINESS
• 185
and Earnings by Industry, 1996:111-1998:11—Continued
adjusted at annual rates]
Wyoming
IV
III
Far West
1997
1996
1'
II'
1996
III
IV
1'
IIr
lllr
IV
1"
1,116,309
1,131,498
1,154,811
1,174,822
1,192,143
1,206,897
1,227,042
\p
IV
III'
Alaska
1998
1997
1996
1998
1997
IV
III
I'
Line
1998
UK
II'
\p
IV
10,439
10,380
10,495
10,427
10,748
10,642
10,858
10,753
10,982
10,875
11,109
11,006
11,267
11,165
14,921
14,912
14,990
14,982
59
68
106
105
107
102
102
10,590
10,814
10,333
10,937
10,687
10,463
8,957
9
9
6,968
6,991
7,164
7,229
7,320
7,413
7,523
496
-22
498
-22
502
-21
507
-21
516
-20
6,461
2,318
1,660
6,485
2,331
1,679
6,645
2,387
1,715
6,710
2,417
1,731
6,797
2,444
1,742
6,886
2,466
1,757
6,987
2,492
1,788
802,266
54,405
-1,829
746,032
210,319
175,148
4,554
170,593
818,661
55,602
-1,876
761,183
214,517
179,111
4,549
174,562
835,591
56,531
-1,940
777,120
217,085
180,617
4,484
176,132
850,347
57,373
-1,971
791,003
219,170
181,969
4,402
177,568
862,552
57,997
-2,006
802,549
220,734
183,613
4,589
179,024
879,128
59,461
-2,060
817,608
222,652
186,783
4,581
182,202
11,676
485
-21
790,085
53,715
-1,785
734,584
208,195
173,530
4,397
169,133
11,675
486
-22
88
90
104
117
104
96
111
2,629
2,659
2,725
2,751
2,775
2,799
2,852
616,060
65,857
108,167
5,119
103,048
626,738
66,248
109,281
5,195
104,085
641,379
66,860
110,421
4,651
105,771
655,436
67,836
112,319
5,188
107,131
668,224
68,719
113,404
4,872
108,532
679,054
68,833
114,665
4,584
110,081
694,388
69,617
115,124
3,012
112,112
9,350
1,002
1,323
9,359
9,463
9,634
1,003
1,358
9,593
9,720
990
992
1,374
1,386
9,989
1,010
1,409
10,590
779,495
656,005
8,481
4,029
44,248
118,947
83,188
35,760
50,164
47,864
73,387
59,736
249,148
123,490
19,897
10,698
92,894
10,814
791,452
667,022
8,548
4,023
45,248
120,958
84,696
36,262
50,306
48,771
75,065
60,124
253,979
124,430
19,911
10,600
93,920
10,333
808,328
681,972
8,804
4,115
47,007
124,547
87,775
36,772
51,787
49,790
75,968
61,066
258,888
126,355
20,315
10,864
95,176
10,937
824,654
698,023
9,276
4,268
48,048
127,579
89,968
37,612
52,887
50,819
77,219
63,299
264,628
126,631
20,304
10,736
95,591
10,687
839,660
711,875
9,373
4,338
48,630
132,458
94,495
37,963
53,794
51,860
77,936
65,179
268,308
127,785
20,215
10,667
96,903
10,463
852,089
722,972
9,397
4,296
49,241
133,923
95,784
38,139
54,547
52,405
79,082
67,582
272,498
129,117
20,305
10,432
98,380
8,957
870,171
739,541
9,506
4,284
51,040
135,634
97,240
38,394
55,693
53,369
80,498
70,305
279,211
130,630
20,554
10,635
99,440
32
34
31
31
28
28
28
1,628
1,645
1,684
1,700
1,714
1,729
1,760
5,467
5,481
5,608
5,659
5,731
5,819
5,910
568
933
-11
944
564
947
-3
949
569
986
34
952
571
999
32
967
1,105,719 1,120,685 1,144,478 1,163,884 1,181,456 1,196,434 1,218,085
571
572
575
1,018
1,022
1,038
34
984
28
994
1,012
26
59
68
106
105
107
102
102
6,909
5,289
6,923
5,312
7,058
5,432
7,125
5,492
7,212
5,561
7,311
5,672
7,422
5,770
56
54
56
57
60
60
61
1,018
1,025
1,085
1,123
1,098
1,146
1,165
545
396
165
231
671
242
717
321
561
391
158
233
655
243
732
318
538
397
160
238
672
248
736
348
570
407
166
241
682
258
743
332
595
407
164
243
670
259
744
324
582
406
168
238
699
267
753
333
592
412
171
241
716
270
762
347
1,323
1,620
1,334
1,611
1,350
1,626
1,322
1,632
1,403
1,651
1,428
1,639
1,445
1,652
288
135
282
132
290
136
296
136
294
135
291
133
294
137
1,197
1,196
1,200
1,201
1,222
1,215
1,221
1997
1996
1998
IW
III
11.78S
III
| | r-
15,475
15,466
15,634
15,625
15,987
15,977
9
9
9
11,994
11,958
12,098
12,408
783
782
78S
799
792
799
823
-769
10,124
2,080
2,717
-769
10,126
2,116
2,749
-775
10,225
2,167
2,828
-791
10,404
2,195
2,868
-788
10,377
2,219
2,878
-800
10,500
2,239
2,895
-822
10,763
2,261
2,962
993
988
1,324
1,338
5
5
5
5
5
5
5
1,318
1,320
1,333
1,352
1,370
1,382
1,403
9
9
9
9
9
9
9
11,666
8,123
11,668
8,123
11,780
8,192
11,985
8,396
11,949
8,417
12,089
8,565
12,399
8,823
230
858
894
593
175
418
231
841
886
605
170
435
245
849
871
610
183
426
261
898
889
620
180
440
253
902
886
558
183
375
255
898
871
577
189
388
258
914
898
617
185
432
1,261
1,319
1,151
1,155
1,168
1,193
1,357
346
350
344
353
354
356
364
1,135
1,124
1,131
1,151
1,164
1,176
1,221
462
457
448
474
479
499
514
2,454
3,543
2,474
3,544
2,527
3,588
2,558
3,588
2,559
3,532
2,614
3,525
2,680
3,576
761
638
755
630
785
634
779
618
783
617
775
616
786
630
2,143
2,159
2,169
2,192
2,132
2,134
2,160
1998
IV r
|||r
19$7
1996
11
1
IV
42,213
42,158
43,054
43,000
44,092
44,057
44,852
44,817
45,194
45,161
46,258
46,225
47,184
47,150
74,621
73,858
75,661
74,877
77,666
76,855
78,620
77,768
79,766
78,918
80,742
79,906
82,333
81,582
54
35
35
34
33
34
763
784
812
853
848
836
752
140,968
139,142
1,826
142,695
140,853
56
31,153
1,838
-606
28,709
7,759
5,745
31,821
1,873
-620
29,328
7,907
5,819
32,526
1,917
-636
29,973
8,127
5,993
33,083
1,942
-646
30,494
8,279
6,079
33,230
1,941
-640
30,649
8,402
6,143
34,213
1,992
-667
31,553
8,506
6,199
34,951
2,042
-680
32,229
8,628
6,327
53,429
3,792
-1,454
48,183
14,364
12,074
54,290
3,844
-1,485
48,961
14,546
12,154
55,829
3,953
-1,532
50,345
14,875
12,447
56,505
3,978
-1,533
50,994
15,074
12,553
57,485
4,034
-1,572
51,879
15,239
12,647
58,247
4,071
-1,577
52,598
15,376
12,768
59,581
4,190
-1,629
53,762
15,536
13,035
98,685
6,998
1,548
93,235
25,779
21,954
100,091
1,841
7,082
1,568
94,577
26,036
22,082
1998
IV r
|||r
153,847
152,466
1,380
155,784
154,546
1,238
1
2
3
03,091
7,349
1,596
97,337
26,625
22,609
105,655
7,507
1,590
99,738
26,966
22,779
106,680
7,549
1,633
100,764
27,252
22,895
109,249
7,706
1,626
103,169
27,485
23,192
110,544
7,834
1,680
104,390
27,758
23,637
4
5
6
7
8
9
10
11
156
179
186
184
184
414
422
428
421
411
426
464
820
795
819
790
724
836
878
5,837
5,900
5,957
6,016
6,143
11,660
11,732
12,019
12,132
12,236
12,342
12,571
21,134
21,287
21,790
21,989
22,171
22,356
22,758
25,456
2,320
3,377
26,036
2,340
3,445
26,691
2,358
3,478
27,177
2,385
3,521
27,284
2,370
3,576
28,154
2,408
3,651
28,779
2,434
3,738
42,059
4,581
6,789
42,830
4,599
6,862
44,110
4,690
7,029
44,624
4,691
7,191
45,454
4,745
7,287
46,118
4,741
7,388
47,336
4,813
7,432
78,375
7,897
12,412
1,042
11,370
79,664
7,953
12,474
1,036
11,438
82,784
8,135
12,171
85,003
8,288
12,364
85,871
8,320
12,488
88,124
8,451
12,675
89,356
8,433
12,755
1,826
96,859
79,730
1,212
1,841
98,250
81,210
1,238
17
15
-4
-4
-7
-6
-8
273
281
303
338
327
309
219
3,360
3,430
3,482
3,525
3,583
3,658
3,745
6,515
6,581
6,726
6,853
6,960
7,079
7,213
56
54
35
35
34
33
34
763
784
812
853
848
836
752
31,097
27,111
31,766
27,687
32,491
28,344
33,047
28,846
33,197
28,922
34,179
29,843
34,917
30,482
52,666
44,916
53,506
45,695
55,018
47,114
55,652
47,716
56,637
48,637
57,411
49,249
58,829
50,486
186
827
186
845
191
829
193
862
202
827
219
843
223
816
626
81
633
80
642
79
668
83
684
83
710
87
721
88
3,540
1,480
3,789
1,503
3,810
1,545
1,022
3,790
1,561
1,031
3,803
1,598
1,042
3,858
1,627
1,067
4,004
1,669
1,101
3,947
10,227
7,940
2,287
3,397
3,934
5,705
3,458
13,540
7,750
1,315
4,035
10,284
7,975
2,309
3,377
3,959
5,954
3,488
13,885
7,811
1,348
4,136
11,002
8,675
2,327
3,501
4,079
5,972
3,517
14,187
7,904
1,389
4,271
10,861
8,484
2,377
3,451
4,153
6,029
3,710
14,490
7,936
1,378
4,261
11,118
8,717
2,401
3,595
4,377
6,077
3,888
14,555
8,000
1,342
4,305
11,277
8,858
2,419
3,565
4,284
6,137
3,939
14,944
8,162
1,376
4,401
11,518
9,022
2,495
3,622
4,394
6,247
4,095
15,399
8,344
1,398
634
289
638
289
656
294
663
293
665
293
666
292
691
297
3,153
3,197
3,245
3,316
3,378
3,446
3,064
523
531
556
560
568
1,847
1,380
3,174
2,128
13,440
4,147
1,938
1,436
3,207
2,241
13,618
4,201
1,893
1,468
3,273
2,250
13,608
4,274
1,955
1,470
3,391
2,395
14,085
4,337
1,991
1,496
3,482
2,400
14,401
4,435
142
141
142
142
144
144
145
6,293
6,322
6,372
6,416
6,514
6,642
6,801
Line
150,911
149,524
1,387
141
986
517
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
149,483
148,074
1,410
5,678
1,793
1,347
3,103
2,176
12,945
4,080
12
13
14
15
16
46,572
45,213
1,360
135
979
500
4
5
6
7
8
9
10
11
\p
5,611
1,869
1,330
3,006
2,153
12,720
3,986
1
2
3
Washington
19 37
IV
15,468
15,458
9
Oregon
Nevada
1996
15.22C
15,211
544
585
552
536
384
11,627
11,780
11,936
12,139
12,370
1,360
1,410
104,246
86,672
1,321
1,387
105,293
87,448
1,362
1,380
107,869
90,169
1,364
1,238
109,306
91,471
1,377
101,731
84,226
1,222
203
197
203
213
218
217
212
6,377
16,488
12,248
4,241
6,562
6,259
9,366
6,075
27,188
7,129
3,060
1,929
2,140
6,509
16,938
12,633
4,305
6,781
6,282
9,515
6,032
27,718
17,040
3,066
1,902
12,071
6,740
17,263
12,908
4,355
7,299
6,401
9,668
6,226
29,203
17,505
3,166
2,057
12,282
6,817
17,881
13,466
4,415
7,293
6,551
9,789
6,481
30,325
17,573
3,146
2,065
12,362
6,852
18,312
13,900
4,412
7,391
6,654
9,889
6,568
30,203
17,845
3,156
2,043
12,646
7,016
19,238
14,771
4,467
7,439
6,799
10,044
6,649
31,403
17,700
3,186
1,911
12,603
7,236
18,499
14,142
4,357
7,707
6,935
10,301
6,952
32,252
17,835
3,221
1,938
12,676
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
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SURVEY OF CURRENT BUSINESS
August 1998
Contents
D-l
BEA CURRENT AND HISTORICAL DATA
National, International, and Regional Estimates
This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis and a
much briefer selection of collateral statistics prepared by other Government agencies and private organizations. 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.
BEA'S data are available at three web sites: The Federal Statistical Briefing Room (FSBR) on the White House web site
(http://www.whitehouse.gov/fsbr) provides summary statistics for GDP and other major aggregates on its output, income, and international statistics pages; BEA'S web site (http://www.bea.doc.gov) provides summary tables and charts on
BEA'S national, international, and regional data; and the Commerce Department's STAT-USA ( h t t p : / / w w w . s t a t - u s a . g o v )
provides detailed BEA databases and news releases by subscription. Information about STAT-USA'S Economic Bulletin Board
(EBB) and Internet services may be obtained at the web site or by calling (202) 482-1986 (voice).
The tables listed below present annual, quarterly, and monthly estimates, indicated as follows: [A] Annual estimates only;
[Q] quarterly estimates only; [QA] quarterly and annual estimates; [MA] monthly and annual estimates.
National Data
G.4. FDIUS: Selected items [A]
D-16
G.5. Selected financial and operating data of nonbank
U.S. affiliates of foreign companies [A]
D-17
A. Selected NIPA Tables [QA]
(*)
B. Other NIPA and NiPA-related tables [A]
(*)
H. International perspectives [MA, QA]
D-18
C. Historical tables [A]
(*)
I. Charts
D-20
D. Domestic perspectives [MA, QA]
D-3
E. Charts:
Selected NIPA series
Other indicators of the domestic economy
(*)
D-5
International Data
F. Transactions tables:
F.i. U.S. international transactions in goods
and services [MA]
F.2. U.S. international transactions [QA]
F.3. Selected U.S. international transactions,
by area [Q]
F.4. Private service transactions [A]
D—y
D-8
D-9
D-12
G. Investment tables:
G.i. International investment position of the United
States [A]
D-13
G.2. USDIA: Selected items [A]
D-14
G.3. Selected financial and operating data for nonbank
foreign affiliates of U.S. companies [A]
D-15
* These sections are not included in this issue because of the annual
revision of the national income and product accounts (see the note on page
D-2).
Regional Data
J. State and regional tables:
J.i. Total and nonfarm personal income [QA] D-21
J.2. Percent of personal income for selected
components [A]
D-22
J.3. Per capita personal income and
disposable personal income [A]
D-23
J.4. Gross state product [A]
D-24
K. Local area table:
K.i. Personal income by metropolitan area [A]... D-25
L. Charts
D-27
Appendixes
Appendix A: Additional information about
BEA'S NIPA estimates:
Statistical conventions
Reconciliation tables [QA]
D-29
D-30
Appendix B: Suggested reading
D-31
D-2
• National Data
SURVEY OF CURRENT BUSINESS
August 1998
National Data
A. Selected NIPA Tables
To accommodate the presentation of the annual revision of the national income and product
accounts, sections A, B, and C and the NIPA charts in section E are not shown this month.
A description of the annual revision appears in "Annual Revision of the National Income and
Product Accounts: Annual Estimates, 1995-97, and Quarterly Estimates, 1995:1-1998:1" in this
issue; "National Income and Product Accounts Tables" and "GDP and Other Major NIPA Series,
1929-97" follow the article.
National Data •
SURVEY OF CURRENT BUSINESS
August 1998
D-3
D. Domestic Perspectives.
This table presents data collected from other government agencies and private organizations, as noted. Quarterly
data are shown in the middle month of the quarter.
Table D.1.—Domestic Perspectives
1997
1996
1998
1997
May
| June |
July
| AUQ7\
Sept. |
Oct.
| Nov.
| Dec.
Jan.
Consumer and producer prices, (seasonally adjusted)
|
Feb. |
Mar. |
Apr.
|
May
| June
1
Consumer price index for all urban consumers,
1982-64=100:
All items
Less food and energy
Services
156.9
165.6
174.1
160.5
169.5
179.4
160.1
169.4
178.8
160.4
169.7
179.3
160.6
170.0
179.8
160.9
170.1
180.0
161.3
170.4
180.4
161.6
170.8
181.0
161.8
171.0
181.4
161.9
171.4
181.7
161.9
171.7
181.9
162.0
172.2
182.3
162.0
172.4
182.7
162.4
172.9
183.4
162.9
173.3
183.9
163.0
173.5
184.1
Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials
131.3
142.0
129.5
138.3
125.7
113.8
131.8
142.4
130.2
138.2
125.6
111.1
131.7
142.3
130.0
138.2
125.5
109.9
131.4
142.3
129.6
138.2
125.4
106.9
131.1
142.1
129.3
138.1
125.2
106.4
131.3
142.2
129.5
138.1
125.3
106.8
131.8
142.7
130.1
138.4
125.5
108.2
131.8
142.6
130.3
138.0
125.4
113.2
131.6
142.5
130.0
137.9
125.6
115.0
131.4
142.4
129.8
137.7
125.3
108.6
130.6
142.4
128.8
137.6
124.5
102.3
130.5
142.5
128.6
137.6
124.1
100.4
130.0
142.5
128.0
137.6
123.6
99.1
130.3
142.8
128.4
137.7
123.6
100.1
130.5
143.1
128.7
137.4
123.5
99.8
130.4
143.4
128.6
137.4
123.1
98.4
0.26
0.42
.69
-0.03
.78
-0.26
.23
-0.28
.42
7.822
1.698 "T694
Money, interest rates, and stock prices
Money stock (seasonally adjusted):2
Percent change:
M1
M2
Ratio:
Gross domestic product to M1
Personal income to M2
.
-0.38
.06
.
0.10
.39
0.01
.37
0.51
.82
-0.71
.55
-0.16
.51
0.68
.62
0.63
.58
-0.22
.63
6.925
1.715
Interest rates (percent, not seasonally adjusted):2
Federal funds rate
Discount rate on new 91-day Treasury bills
Yield on new high-grade corporate bonds
10-Year U.S. Treasury bonds
Yield on municipal bonds, 20-bond average
Mortgage commitment rate
Average prime rate charged by banks
Index of stock prices (not seasonally adjusted):3
500 common stocks, 194M3=10
7.580
1.726
7.564
1.733
1.731
1.730
7.660
1.726
1.723
1.720
7.722
1.718
1.712
1.712
7.784
1.708
1.702
1.694
5.30
5.02
7.62
6.44
5.76
7.80
8.27
5.46
5.07
7.40
6.35
5.52
7.60
8.44
5.50
5.13
7.90
6.71
5.70
7.94
8.50
5.56
4.92
7.71
6.49
5.53
7.69
8.50
5.52
5.07
7.44
6.22
5.35
7.50
8.50
5.54
5.13
7.30
6.30
5.41
7.48
8.50
5.54
4.97
7.04
6.21
5.39
7.43
8.50
5.50
4.95
6.90
6.03
5.38
7.29
8.50
5.52
5.15
6.79
5.88
5.33
7.21
8.50
5.50
5.16
6.68
5.81
5.19
7.10
8.50
5.56
5.09
6.62
5.54
5.06
6.99
8.50
5.51
5.11
6.66
5.57
5.10
7.04
8.50
5.49
5.03
6.63
5.65
5.21
7.13
8.50
5.45
5.00
6.59
5.64
5.23
7.14
8.50
670.83
872.72
833.09
876.29
925.29
927.74
937.02
951.16
938.92
962.37
5.49
5.03
6.63
5.65
5.20
7.14
8.50
5.56
4.99
6.43
5.50
5.12
7.00
8.50
963.36 1,023.74 1,076.83 1,112.20 1,108.42 1,108.39
Labor markets (thousands, seasonally adjusted, unless otherwise noted)'
Civilian labor force
Labor force participation rates (percent):
Males 20 and over
Females 20 and over
16—19 years of age
Civilian employment
Ratio, civilian employment to working-age
population (percent)
Persons engaged in nonagricultural activities ....
Employees on nonagricultural payrolls
Goods-producing industries
Services-producing industries
Average weekly hours, manufacturing (hours) ...
Average weekly overtime hours, manufacturing
(hours)
Number of persons unemployed
...
Unemployment rates (percent):
Total
15 weeks and over
Average duration of unemployment (weeks) ,
Nonfarm business sector, 1992=100:
Output per hour of all persons
Unit labor costs
Hourly compensation
See footnotes at the end of the table.
,
133,943 136,297 136,060 136,206 136,294 136,404 136,439 136,406 136,864 137,169 137,493 137,557 137,523 137,242 137,364 137,447
76.7
76.9
77.1
77.0
76.8
76.8
76.9
77.0
76.8
76.9
77.0
77.0
76.9
76.7
76.8
77.0
60.7
60.6
60.6
60.7
60.4
60.5
60.6
60.6
60.5
59.9
60.4
60.3
60.5
60.5
60.5
60.4
53.3
51.8
51.0
53.5
53.1
51.6
51.0
51.4
51.8
50.9
51.2
52.3
51.9
51.6
52.3
53.0
126,708 129,558 129,494 129,392 129661 129,747 129,761 129,910 130,575 130,777 131,083 131,163 130,994 131,383 131,453 131,209
64.2
64.1
64.2
64.0
63.7
63.8
63.8
63.2
64.2
64.0
63.7
63.8
64.2
63.8
63.8
64.0
123,264 126,159 126,076 126,003 126,209 126,368 126,339 126,583 127,191 127,392 127,764 127,829 127,862 128,033 128,118 127,867
119,608 122,690 122,325 122,534 122,811 122,894 123,280 123,568 123,944 124,289 124,640 124,832 124,914 125,234 125,543 125,748
24,493 24,934 24,883 24,903 24,923 24,972 24,993 25,032 25,099 25,193 25,297 25,314 25,276 25,339 25,301 25,291
95,115 97,756 97,442 97,631 97,888 97,922 98,287 98,536 98,845 99,096 99,343 99,518 99,638 99,895 100,242 100,457
42.1
42.1
41.9
42.0
42.2
42.0
41.9
41.9
41.6
41.4
41.8
41.9
42.0
42.0
41.8
41.8
4.5
4.8
4.9
4.7
4.8
4.8
4.7
4.8
4.9
4.9
4.9
4.8
4.8
4.5
4.6
4.6
6,678
6,496
6,289
6,392
6,409
6,393
6,529
5,859
5,910
6,237
4.9
4.8
1.5
16.3
4.6
1.4
4.7
1.4
16.3
4.7
1.3
15.6
4.6
1.3
15.6
4.7
1.3
14.3
4.3
1.0
14.3
4.3
1.1
14.6
4.5
1.2
13.8
7,236
6,739
6,566
6,814
6,633
6,657
5.4
1.7
4.9
5.0
1.5
15.3
4.9
1.6
16.7
1.5
15.8
4.8
1.5
15.3
4.9
1.5
15.8
102.6
108.0
110.8
104.3
110.3
115.0
104.0
110.0
114.4
16.5
104.9
110.1
115.5
1.5
15.9
15.6
105.3
111.1
117.0
105.6
112.0
118.2
D-4
• National Data
SURVEY OF CURRENT BUSINESS
August 1998
Table D.1.—Domestic Perspectives—Continued
1997
1996
1998
1997
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Construction (seasonally adjusted at annual rates)
Feb.
Mar.
Apr.
May
June
4
Total new private construction put in
place (billions of dollars)
Residential
Nonresidential
446.3
256.5
150.4
471.2
265.6
165.1
466.3
265.8
161.0
465.2
262.9
161.8
473.3
283.2
168.5
475.5
263.5
170.0
475.9
266.1
167.3
477.5
268.6
166.4
475.3
268.9
164.8
478.4
273.0
164.9
487.8
279.0
167.6
490.9
282.5
167.0
494.3
286.0
165.4
499.9
289.6
169.4
494.8 501.0
287.7 290.0
164.8 168.4
Housing starts (thousands of units):
Total
1-unit structures
1,477
1,161
1,474
1,134
1,404
1,095
1,502
1,132
1,461
1,144
1,383
1,076
1,501
1,174
1,529
1,124
1,523
1,167
1,540
1,130
1,545
1,225
1,616
1,263
1,585
1,239
1,546
1,237
1,530 1,615
1,219 1,250
757
804
764
810
808
799
809
805
875
805
853
878
836
891
New 1-family houses sold
(thousands of units)
Manufacturing and trade, nventories and sales (millions of dollars, seasonally adjusted)
901
935
4
Inventories:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
1,009,647 1,053,078 1,026,712 1,032,805 1,034,582 1,036,070 1,043,131 1,046,871 1,050,183 1,053,078 1,055,034 1,062,460 1,068,754 1,070,555 1,069,664
436,729 456,133 446,888 447,947 449,657 451,737 452,224 455,553 457,766 456,133 458,197 461,178 461,948 464,668 465,425
256,442 273,298 260,258 265,152 263,299 265,112 268,772 269,182 270,955 273,298 272,130 275,750 277,624 275,933 277,540
316,476 323,647 319,566 319,706 321,626 319,221 322,135 322,136 321,462 323,647 324,707 325,532 329,182 329,954 326,699
Sales:
Total manufacturing and trade
Manufactured
Merchant wholesalers
Retail trade
8,578,039
3,715,460
2,401,383
2,461,196
8,995,737
3,929,419
2,500,109
2,566,209
740,762
322,260
207,970
210,532
747,319
326,118
208,624
212,577
755,835
331,331
209,473
215,031
749,943
328,250
205,671
216,022
759,616
333,422
210,706
215,488
757,474
332,321
210,040
215,113
755,731
331,404
208,413
215,914
763,107
336,424
209,816
216,867
761,165
331,937
210,224
219,004
768,061
335,883
211,312
220,866
773,877
338,991
213,781
221,105
772,160
335,553
213,900
222,707
772,895
334,185
213,246
225,464 ::::::
Industrial production indexes and capacity utilization rates (seasonally adjusted)2
Industrial production indexes,
1992=100:
Total
By industry:
Durable manufactures
Nondurable manufactures ....
By market category:
Consumer goods
Capacity utilization rates (percent):
Total industry
Manufacturing
118.5
124.5
123.3
123.5
124.5
125.2
125.6
126.5
127.5
127.9
127.8
127.3
128.0
128.5
128.9 128.1
131.7
108.0
142.3
111.1
140.1
110.7
141.2
110.5
142.4
110.9
144.3
111.0
144.4
111.3
145.5
112.2
147.7
112.6
148.6
112.9
148.3
113.6
147.8
113.0
148.6
112.6
149.6
113.3
150.3 148.8
112.7 112.6
111.8
114.4
113.9
113.5
113.9
114.6
114.5
115.9
116.7
115.9
116.6
115.1
116.0
116.7
116.9 115.5
82.4
81.4
82.7
81.7
82.4
81.4
82.3
81.3
82.6
81.5
82.8
81.8
82.7
81.6
83.0
81.9
83.3
82.3
83.3
82.3
82.9
82.1
82.2
81.4
82.4
81.2
82.4
81.4
Credit market borrowing (billions of dollars seasonally( adjusted at annual rates) 2
All sectors, by instrument:
Total
Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds ...
Bank loans n e e
Other loans and advances
Mortgages
Consumer credit
Sources:
1. Bureau of Labor Statistics
2. Federal Reserve Board
1,354.5
102 6
376.5
2.6
301.7
921
62 5
327.9
88.8
1,464.9
184.1
235.9
71.4
338.8
1296
100 4
352.3
52.5
1,360.4
108.5
242.6
96.7
355.2
126 8
81 7
288.9
60.0
1,477.8
171.1
191.3
56 4
419.5
48 4
111 3
429.3
50.5
1,940.5
258.1
338.9
89.3
426.6
189 5
190 5
418.7
28 8
3. Standard and Poor's, Inc.
4. Bureau of the Census,
n.e.c. Not elsewhere classified.
1,830.0
346.6
197 2
124.3
470.3
88.4
117.8
428.5
56.9
82.4
81.1
81.6
80.3
SURVEY OF CURRENT BUSINESS
August 1998
National Data
E. Charts.
OTHER INDICATORS OF THE DOMESTIC ECONOMY
•fly Mar
CQtBUMER PRICE INDEX (PERCENT CHANGE)
Percent
JlyMar
JanJIyJIyNw
NwMar
PRODUCER PRICE NDEX (PERCENT CHANGE)
32
L Finished good* jess bod and energy
w 'si1 y u w u y
JanJIyJIyNw
CARHCITY UTILIZATION WffE
JlyMar
90-
85-
80-
75-
70Manufacturing
7' w w w w ^ u- w y y y u w
3
Hours
43
NwMar
JanJIyJIyNw
JlyMar
Ji^AGE WEEKLYH0UR8, MANUFACTURING
65
1 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
73 75 77 79 81 83 85 87 89 91 93 95 97
fUMw Mar
JanJIyJIyNw
JlyMar
AVERAGE WEEKLY OVEFfflME HOURS, MANUFACTURING
42-
41 -
40-
39-
38-
1
37
US. Department of Commerce, Bureau of Economic Analysis
I I I I I I I I
I
I I I I
TTT
73 75 77 79 81 83 85 87 89 91 93 95 97
D-5
D-6
• National Data
SURVEY OF CURRENT BUSINESS
August 1998
OTHER INDICATORS OF THE DOMESTIC ECONOMY
1 2
JanJyJIyNov
NovMar
Mar
JlyMar
JanJIyJIyNov
JlyMar
i N f t R E S T RATES
10-
15.
10-Year Treasury Bonds
I
73
Percent
NOT
I I I I I I I I
75
77 79 81
I I
83
I I
85
I I
87
I I
89
I I I I I I I I
91 93 95 97
Ratio
JanJIyJIyNov
Mar
JlyMar
9s1 y w
731 w w w
NOT
JanJIyJIyNov
Mar
JlyMar
W N E Y SUPPLY (PERCEMT CHANGE)
731 w '77 w w w w w
yw
Millions
NOT
Mar
JanJIyJIyNov
3.0
JlyMar
SALIS OF NEW ONE-FAISMLY HOUSES
2.5 -
2.0-
1.5 1.0200-
0.5 -
M l
IIIIIIIIII I
73 75 77 79 81 83 85 87 89 91 93 95 97
US. Department of Commerce, Bureau of Economic Analysis
I I I II I I I I I I I i I I I I I II I I I I I
73
75
77
79
81
83
85
87
89
91
93
95
97
International Data •
SURVEY OF CURRENT BUSINESS
August 1998
D-7
International Data
F. Transactions Tables.
Table F.i includes the most recent estimates of U.S. international trade in goods and services; the estimates were
released on July 17, 1998 and include "preliminary" estimates for May 1998 and "revised" estimates for April.
The sources for the other tables in this section are as noted.
Table F.1.—U.S. Internationa! Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
1997
1998
1997
Apr.
Exports of goods and services
Goods
Foods, feeds] and'beverages ."..".."..!".!"."".""!!.""!".'."!!!"....
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods (nonfood), except automotive
Other goods
Adjustments1
Services
,
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts/2
U.S. Government miscellaneous services
Imports of goods and services
Goods
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods (nonfood), except automotive
Other goods
Adjustments1
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services
Memoranda:
Balance on goods
Balance on services
Balance on goods and services
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.'
937,593
77,762
77,755
78,498
79,099
79,126
79,705
80,589
79,088
79,784
79,571
77,684
79,148
77,219
76,230
611,983
55,534
147,652
252,895
65,021
70,138
679,325
56,326
4,298
13,518
24,168
6,113
6,379
2,553
-703
56,103
56,811
4,100
13,765
24,128
57,455
3,907
57,100
57,747
4,275
58,467
4,503
13,304
25,614
6,448
6,752
2,896
-1,050
57,482
4,533
13,064
24,883
6,576
58,336
4,476
13,087
25,755
6,138
6,416
57,902
4,238
13,040
56,350
4,220
57,217
3,995
12,861
24,881
6,578
6,550
3,233
-882
55,335
3,758
12,471
23,790
6,468
6,590
2,913
-655
54,357
3,646
12,527
23,685
5,980
6,538
2,724
-742
22,122
6,162
1,812
2,337
2,812
7,420
1,513
21,884
6,307
1,846
2,241
2,759
7,323
1,343
21,873
6,256
1,833
2,228
2,762
7,316
1,413
-13,092
51,507
158,226
294,470
74,029
77,446
33,505
-9,858
4,121
13,337
24,282
5,977
6,536
2,853
-1,003
-842
13,103
25,692
6,307
6,426
3,061
-1,041
21,652
6,164
1,721
2,260
2,802
6,940
1,701
64
21,687
6,114
1,724
2,194
2,818
7,098
1,676
63
21,644
5,927
1,698
2,216
2,860
7,210
1,666
67
6,281
6,636
2,742
4,164
13,391
24,898
6,216
6,504
2,973
-1,047
13,136
25,409
6,180
6,437
6,521
2,575
-670
21,606
6,083
1,799
2,226
2,793
7,348
1,294
63
21,448
5,959
1,753
2,246
2,776
7,302
1,351
61
21,669
6,321
1,857
2,196
2,765
7,164
1,301
65
21,334
6,063
1,790
2,082
2,760
7,188
1,386
65
21,931
5,821
1,713
2,260
2,758
7,321
1,993
65
89,506
89,404
92,356
91,493
91,975
74,738
3,306
18,191
22,207
11,594
16,472
2,713
255
74,087
3,263
18,088
21,543
11,738
16,778
2,435
242
75,298
3,493
17,198
22,438
11,929
17,269
2,548
423
74,977
3,375
17,277
21,898
11,834
17,200
2,815
578
74,470
3,511
16,829
22,236
12,188
16,871
76,670
3,398
17,294
22,307
12,183
18,274
2,892
322
77,160
2,609
226
77,720
3,546
16,733
23,090
12,974
18,213
2,657
508
14,502
4,173
1,482
2,499
861
4,230
1,020
237
14,601
4,337
1,541
2,369
860
4,250
1,011
233
14,691
4,313
1,534
2,530
857
4,202
1,024
231
14,529
4,399
1,522
2,352
842
4,137
1,043
234
14,934
4,449
1,536
2,345
1,210
4,108
1,051
235
14,636
4,331
1,505
2,492
833
4,184
1,056
235
14,823
14,815
4,472
1,561
2,439
855
4,202
1,051
235
-16,909 -16,524 -16,270 -16,605
7,634
7,289
7,620
7,005
-9,275 -9,235 -6,650 -9,600
-16,962
6,757
-17,076
7,140
-18,120
6,400
-11,720
-13,209
22,026
959,349 1,047,799
86,716
87,165
86,649
87,697
88,401
88,940
877,279
39,694
213,767
254,175
140,779
192,918
29,338
72,831
3,318
17,546
20,864
11,523
16,115
2,443
1,021
73,085
3,367
17,938
21,037
11,587
15,911
2,348
897
72,420
3,279
17,335
21,016
11,634
15,878
2,385
73,318
74,009
3,370
18,137
21,779
11,735
16,222
2,522
245
74,271
156,029
48,048
15,818
27,403
7,854
43,138
11,081
2,687
170,520
51,220
18,235
28,949
9,411
48,421
11,488
13,885
4,193
14,392
4,287
1,556
2,354
848
4,121
981
245
14,669
2,796
14,229
4,302
1,572
2,414
745
4,060
910
226
14,379
4,271
1,561
893
227
14,080
4,269
1,551
2,471
719
3,948
896
226
-191,337
82,763
-108,574
-197,955
87,748
-110,207
-16,505
7,551
-8,954
-16,982
7,572
-9,410
-15,610
7,458
-8,152
-15,864
7,265
35,710
204,482
229,050
128,938
171,007
26,102
8,031
1,540
2,433
704
3,895
3,406
17,480
21,639
11,923
16,171
2,470
228
2,368
848
4,129
960
242
--8,599
6,609
12,553
24,807
6,350
6,425
2,802
2,695
-636
21,436
6,264
1,744
2,270
2,787
6,794
25,459
6,497
2,978
-613
3,049
-739
258,268
73,268
20,895
26,911
33,676
84,465
18,269
784
238,792
69,751
20,413
26,074
32,823
73,073
15,765
p Preliminary.
r
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
May
Mar.
850,775
6,078
1,717
2,246
2,865
7,294
1,759
67
21,958
6,320
1,797
2,216
2,855
7,246
1,458
66
3,357
17,990
21,812
11,769
16,566
2,511
266
4,339
1,587
2,480
863
4,160
997
243
-10,205
-607
4,457
1,567
2,469
842
4,199
1,056
233
3,445
17,386
23,071
12,536
17,892
2,544
-50,504 -21,335 -22,803
7,295
7,061
7,058
-14,274
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.
-15,745
D-8
SURVEY OF CURRENT BUSINESS
• International Data
August 1998
Table F.2.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
(Credits +; d e b i t s - ) 1
Line
1996
1997
1997
Seasonally adjusted
1997
1998
1998
1,063,971
1,179,380
298,106
302,613
295,681
295,287
300,481
299,843
297,855
Goods, adjusted, excluding military2
611,983
679,325
172,420
166,214
177,996
170,589
169,240
172,302
174,284
171,469
Services3
Transfers under U.S. military agency sales contracts 4 .
238,792
15,765
258,268
18,269
62,807
4,890
69,984
4,883
64,468
4,158
63,140
4,680
64,776
4,890
65,628
4,883
65,175
4,158
64,934
4,680
Travel
Passenger fares ....
Other transportation
69,751
20,413
26,074
73,268
20,895
26,911
18,157
5,027
6,719
21,890
5,988
6,721
17,149
5,072
6,897
16,007
5,004
6,368
18,542
5,189
6,724
18,325
5,212
6,678
18,204
5,364
6,809
18,205
5,360
6,538
Royalties and license fees 5 .
fithor nrivato services 5
Other private cpivirps
U.S. Government miscellaneous services ,
32,823
73,073
893
33,676
84,465
8,158
8,949
22,053
190
8,062
22,824
195
8,407
20,833
191
8,580
21,750
200
22,069
8,283
21,673
191
8,483
21,819
200
8,381
19,665
784
213,196
99,802
108,733
4,661
241,787
109,407
128,845
61,462
28,671
32,041
750
61,908
28,157
32,717
1,034
60,149
25,286
61,952
26,530
34,498
61,271
62,551
28,935
32,717
Exports of goods, services, and income
Income receipts on U.S. assets abroad .
Direct investment receipts
Other private receipts
U.S. Government receipts
Imports of goods, services, and income .
Goods, adjusted, excluding military2
Services3
Direct defense expenditures
3,535
34,069
794
924
28,286
32,041
944
899
190
195
60,384
25,470
34,069
845
61,452
26,124
34,498
830
-1,158,309
-321,456 -536,982 -335,517 -324,222 -321,342 -329,130 -332,549 -335,841
-1,294,904
-803,320
-217,227 -225,472 -229,229 -218,744 -218,336 -221,598 -224,123 -227,167
-877,279
-156,029
-11,081
-170,520
-11,488
-43,026
-2,699
-46,952
-2,938
-42,170
-3,055
-41,243
-3,150
-42,195
-2,699
^3,437
-2,938
-43,795
-3,055
^4,098
-3,150
Other transportation
-48,048
-15,818
-27,403
-51,220
-18,235
-28,949
-13,601
-4,975
-7,288
-15,667
-5,304
-7,330
-11,084
-4,003
-7,437
-11,242
-4,182
-7,006
-12,764
-4,663
-7,317
-12,897
-4,704
-7,200
-12,823
-4,557
-7,397
-13,179
-4,563
-7,189
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
-7,854
-43,138
-2,687
-9,411
-48,421
-2,796
-2,045
-11,739
-2,573
-12,410
-730
-2,707
-13,183
-701
-2,870
-12,089
-704
-2,168
-11,905
-2,559
-12,409
-730
-2,578
-12,684
-701
-2,885
-12,428
-704
-198,960
-33,641
-97,901
-67,418
-247,105
-45,674
-113,959
-87,472
-61,203
-11,279
-28,023
-21,901
-64,558
-13,011
-28,849
-22,698
-64,118
-11,061
-30,382
-22,675
-64,235
-10,359
-31,393
-22,483
-60,811
-10,887
-28,023
-21,901
-64,095
-12,548
-28,849
-22,698
-64,631
-11,574
-30,382
-22,675
-64,576
-10,700
-31,393
-52,483
-40,577
-39,691
-8,626
-9,346
-12,568
-9,358
-9,035
-9,445
-12,337
-9,224
-15,023
-4,442
-21,112
-12,090
-4,193
-23,408
-2,274
-836
-2,362
-5,516
-931
-6,053
-5,213
-1,359
-5,996
-2,257
-964
-6,137
-2,274
-1,055
-5,706
-2,362
-1,056
-6,027
-5,213
-1,069
-6,055
-2,257
-1,071
-5,896
-368,801
-478,502
-88,005
-124,276
-118,465
-47,441
-66,606 -123,317 -123,441
-44,747
6,668
-1,010
-236
-730
-4,524
370
-1,280
7,578
-350
-3,575
2,915
-133
54
-139
-463
-128
-150
-4,221
-153
-708
-1,616
1,358
-11
436
-1,421
29
-1,097
106
174
-5,302
5,504
-28
1,878
-21
-374,761
-81,072
-115,801
-86,333
-91,555
-477,666
-121,843
-87,981
-120,403
-147,439
-67,500
-27,787
-23,263
-9,825
-26,625
-123,982
-28,447
-41,167
-24,791
-29,577
Travel
27
28
29
30
31
32
33
Income payments on foreign assets in the United States ....
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers 6
U.S. assets abroad, net (increase/capital outflow (-))
34
35
36
37
38
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund ....
Foreign currencies
39
40
41
42
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
,
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net....
43
44
45
46
47
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns ,
U.S. claims reported by U.S. banks, not included elsewhere
-5,011
4,197
-679
-157
-269
-679
-236
-730
-4,524
-182
-85
-177
-133
54
-157
-139
•^63
-128
-150
-4,221
-153
-182
-65
-177
-426
-1,199
1,187
-414
436
29
1,097
29
-1,616
1,358
-11
-1,421
1,878
-1,097
1,097
29
-426
-1,199
1,187
-414
-113,970
-30,494
-6,030
-47,907
-27,539
^6,571
-33,618
-5,173
-20,683
12,903
-66,101
-56,388
-23,263
-9,825
-26,625
-123,023
-57,488
-41,167
-54,791
-59,577
-118,946
-35,470
-8,030
-47,907
-27,539
-43,877
-30,924
-5,173
-20,683
12,903
-269
-21
563,357
733,441
150,160
182,507
219,472
90,536
149,773
181,438
220,491
49
50
51
52
53
54
55
Foreign official assets in the United States, net
U.S. Government securities
U S Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
127,344
120,679
15,817
-2,936
-7,270
4,334
-2,521
21,928
-654
-5,411
-10,862
-11,689
827
-523
5,043
931
21,258
10,181
13,947
11,337
2,610
-1,059
-1,751
-5,411
-10,862
-11,689
827
-523
5,043
931
21,258
9,353
6,686
2,667
-1,167
12,439
633
-26,979
-24,492
-24,578
86
-244
-3,250
-26,979
-24,492
-24,578
-1,167
12,439
633
-544
-3250
56
57
58
59
60
61
62
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency flows
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. liabilities reported by U.S. banks, not included elsewhere
436,013
77,622
154,996
17,362
130,151
39,404
16,478
717,624
93,449
146,710
24,782
196,845
107,779
148,059
155,571
20,536
42,614
4,822
54,258
5,274
28,067
161,249
20,033
35,432
6,576
60,327
26,275
12,606
246,451
27,434
35,301
9,900
36,783
47,390
89,643
20,852
-41,199
155,184
20,149
42,614
4,822
54,258
5,274
28,067
160,180
18,964
35,432
6,576
60,327
26,275
12,606
247,470
28,453
35,301
9,900
36,783
47,390
-59,641
-99,724
-28,762
-10,009
-55,535
-5,196
-28,077
-20,027
-10,018
-52,007
3,528
-49,296
22,191
-57,105
-1,544
T58,649
-49,839
21,380
-28,459
-4,247
-32,706
-12,337
-45,043
48
63
64
64a
Foreign assets in the United States, net (increase/capital inflow (+))
5,008
-362
5,704
1,323
9,353
1,007
-956
80,355
24,663
-1,363
746
76,656
6,686
2,667
86
1,007
10,181
13,947
11,337
2,610
-1,059
-1,751
-956
80,712
25,020
-1,363
746
76,656
20,852
-41,199
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
70
115,671
Balance on goods, services, and income (lines 1 and 15 or lines 67 and 6 8 ) l 3
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 70) 1 3 ...
See footnotes to table F.3.
-191,337
82,763
-108,574
14,236
-94,338
^0,577
-134,915
-197,954
87,748
-110,206
-5,318
-115,524
-39,691
-155,215
-44,807
19,781
-25,026
259
-24,767
-8,626
-33,393
-59,258
23,032
-36,226
-2,650
-38,876
-9,346
-48,222
-51,233
22,298
-28,935
-3,969
-32,904
-12,568
-45,472
^8,155
21,897
-26,258
-2,283
-28,541
-9,358
-37,899
-49,096
22,581
-26,515
460
-26,055
-9,035
-35,090
-9,445
-38,094
1,064
6,260
-55,698
20,836
-34,862
-3,124
-37,986
-9,224
-47,210
International Data •
SURVEY OF CURRENT BUSINESS
August 1998
D-9
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
Western Europe
Line
European Union •'
1997
(Credits +; debits - ) »
1997
1998
European Union (6)1:
United Kingdom
1998
1998
1997
1997
\p
Exports of goods, services, and income
84,373
88,202
90,904
76,293
79,996
Goods, adjusted, excluding military2
35,340
23,702
1,320
39,160
41,590
32,381
22,695
1,108
21,192
1,065
6,819
2,018
1,948
5,491
1,616
1,966
4,785
1,532
1,869
3,925
7,629
43
4,388
8,086
40
26,347
11,945
14,209
193
-94,544
-46,610
-16,047
-1,731
3,978
Services3
Transfers under U.S. military agency sales contracts4
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Imports of goods, services, and income ...
Goods, adjusted, excluding military2
Services3
Direct defense expenditures
Travel
Passenger fares
Other transportation
5
Royalties and license fees
Other private services5
U.S. Government miscellaneous services
Income payments on foreign assets in the United States ,
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
U.S. assets abroad, net (increase/capital outflow (-))....
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund ..
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States, net (increase/capital inflow (+))....
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities'»
" '. '. '...
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
,
U.S. Treasury securities
U.S. currency flows
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas,
net (sum of above items with sign reversed)
25,331
11,616
13,439
276
-93,549
-43,076
-18,957
-1,774
-5,517
-2,792
-2,565
-3,199
-1,721
-2,620
IV
25,152
8,888
42,105
43,545
10,070
21,714
22,473
5,765
89
10,918
188
9,940
165
1,858
532
431
1,435
521
401
3,240
1,061
2,298
814
785
815
2,370
8
933
2,653
770
2,536
13
9,461
160
2,157
769
775
2,204
3,379
9,552
3,216
6,336
9,756
3,033
6,697
26
10,446
3,474
6,972
-30,902
-31,562
-30,643
-6,112
-6,838
-8,111
-6,132
-166
-5,412
-135
-6,185
-140
-1,406
-1,040
-668
-566
-2,366
-20
-1,055
-602
-575
-931
-656
-561
-514
-2,507
-24
36,283
24,189
8,158
21,186
808
6,306
1,936
1,650
3,730
6,719
37
20,251
699
18,839
675
5,051
1,555
1,652
4,134
7,125
35
4,400
1,477
1,597
6,479
105
2,134
631
416
3,727
6,928
35
22,726
10,013
12,481
232
23,462
10,141
13,151
170
-44,938
-64,753
-39,294
-85,848
-42,304
-15,599
-1,740
-3,192
-1,824
-2,483
-16,775
-1,351
-4,953
-2,551
-2,063
-14,113
-1,355
-2,912
-1,568
-2,121
25,355
11,507
13,612
236
-84,370
-40,618
-13,713
-1,340
-2,908
-1,640
-2,052
-1,630
-4,436
-294
-52,525
-7,657
-1,308
-1,397
H508
-252
7,923
40
28,122
13,188
14,657
111
-93,062
26,281
40,265
19,646
82,905
38,711
13
Unilateral transfers, net (line 29)
71 Balance on current account (lines 1,15, and 29 or lines 69 and 70) 13
9,701
5,184
4,381
136
-42,295
-24,714
10,451
5,677
4,645
17
11,611
6,697
4,769
129
145
-42,798
-42,693
-26,430
-25,671
-6,038
-1,100
-2,507
-1,010
-1,019
-6,760
-1,106
-1,444
-6,748
-1,100
-1,564
-705
-607
-660
-1,043
-663
-1,596
-199
-9,543
-4,133
-3,001
-2,409
-1,601
-187
-1,486
-187
-9,608
-3,489
-6,501
-2,618
-10,274
-4,148
-6,470
-2,656
-673
-1,089
-1,661
-4,821
-293
-294
-31,516
-8,743
-13,862
-8,911
-14,990
-5,503
-28,684
-7,807
-12,727
-6,150
-29,431
-6,836
-15,201
-9,667
-13,813
-8,782
-13,997
-8,939
-16,658
-3,018
-6,129
-4,511
-17,312
-2,786
-9,585
-4,941
-679
-2,294
-24
-17,347
-2,423
-9,852
-5,072
-16
215
365
279
357
50
-268
471
-29,298
-282
497
-50,942
133
-1
-299
433
203
-85
-310
-63,422
-83
-58
-387
362
-43,492
-42,199
-25,998
413
-26,997
-49
328
-40,838
-44
401
4,562
-20,189
-172
231
-597
-20,223
-142
-134
-151
189
-1,351
-420
189
-1,351
-420
-142
-134
205
-63
259
9
-151
171
-93
274
-10
189
157
-35
212
-20
-15
-1,351
-2
-420
-6
-63,465
-12,734
-20,303
-43,563
-17,346
-7,475
-29,318
-19,585
-51,288
-10,782
-20,301
-1,351
119
-45
160
4
^0,967
-16,742
-7,656
-420
185
-71
281
-25
-19,795
-9,401
-10,509
-19,919
127,671
-22,553
3,811
146,863
-5,517
-49
-151
-310
412
668
F)
43
i-l
-31,887
-7,394
379
-799
-4,296
-253
-10,222
-8,934
51,625
-5,586
117,181
-21,132
4,563
128,072
PI
*3
ft
-1,386
-4,135
-252
-30,039
-7,103
-25,697
-17,162
-730
-157
207
134
119
-77
204
-8
127
7
-26,993
-2,645
-19,865
-192
65,092
-7,805
47,853
-15
-40,972
-9,667
-7,597
4,562
-5,574
-538
-6
-20,363
-6,767
-884
-6,516
-9,196
-3,828
9,006
41,018
10,674
35,561
71,247
756
-5,593
1,171
47,541
-10,856
10,321
37
h
(18)
155
(18)
(18)
57,211
19,549
(17)
7,736
14,513
(18)
(18)
38,696
26,768
51,334
38,440
21,649
46,813
15,574
(17)
34,465
(17)
ii7j
28,359
63,396
•8-16J488
-55,024
-96,946
-20,153
-57,994
-80,154
-20,593
-31,747
-24,278
-36,118
-7,736
4,745
-2,991
-6,185
-7,450
6,648
-802
-5,540
-3,348
5,593
2,245
-4,403
-6,913
-6,021
6,138
117
-1,907
5,126
3,219
-4,684
46
347
393
-7,106
50
1,096
1,1,46
1,959
580
2,539
-6,342
-63
-6,425
-2,158
-16
-1,465
203
-6,713
365
-6,348
-2,174
(18)
10,591
60,356
4,411
-2,502
462
(18)
(18)
152,380
18,819
(17)
8
-153
192
94
-16,246
-7,462
127,003
13,254
(17)
^9
-9,225
39
(18)
p Preliminary.
1. Credits, +: Exports of goods, services, and income; unilateral transfers to United States; capital inflows (increase in foreign assets (U.S. liabilities) or decrease in U.S. assets); decrease in U.S. official reserve assets; increase in foreign official assets in the United States.
Debits, -: Imports of goods, services, and income; unilateral transfers to foreigners; capital outflows (decrease
in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official reserve assets; decrease in
foreign offical assets in the United States.
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents,
excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects
various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis;
see table 2 in "U.S. International Transactions, First Quarter 1998" in the July 1998 issue of the SURVEY.
3. Includes some goods: Mainly military equipment in line 4; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 18; and fuels purchased by airline and steamship
operators in lines 7 and 21.
2,455
3,406
17
-1,501
-4,515
-9,176
Memoranda:
65 Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and
790
2,259
3,357
23
8
-5,958
-5,969
-8,460
215
-8,245
-5,852
133
-5,719
17,518
-1,262
25,037
8
11,589
32,046
10,015
n
(18)
(18)
18
9,167
49,702
(18)
30,656
11,599
8
-2"794
11,771
8
-1,334
21,623
-5,068
2,880
-7,556
-6,901
-6,410
279
-4,362
357
-4,005
-2,030
50
-1,980
18,303
11,199
-10,786
-46,310
-2,188
158
-6,131
n
7,930
9,011
-4,716
3,180
-1,536
843
-3,198
2,713
-485
1,337
-693
59
-634
852
39
18
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude
U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition
of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts
from foreign parents.
6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign
governments and taxes paid by private nonresidents to the U.S. Government.
7. For all areas, amounts outstanding March 31, 1998, were as follows in millions of dollars: Line 34, 69,353;
line 35,11,049; line 36,10,108; line 37,17,976; line 38, 30,220. Data are preliminary.
D-10
• International Data
August 1998
SURVEY OF CURRENT BUSINESS
Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Eastern Europe
(Credits +; debits - ) '
Line
Canada
Latin America and Other Western
Hemisphere
Japan
1997
1997
1998
1997
1997
1998
3,297
3,344
3,454
47,279
49,326
49,938
62,078
63,967
60,821
27,722
26,059
25,695
Goods, adjusted, excluding military 2
1,742
2,090
2,008
36,813
39,643
39,575
34,813
37,500
35,281
15,736
15,859
14,782
Services3
Transfers under U.S. military agency sales contracts 4
1,065
69
969
112
949
101
5,067
22
4,840
24
5,099
23
11,646
89
11,415
156
10,624
155
9,669
197
8,266
112
8,906
638
Travel
Passenger fares
Other transportation
385
42
131
282
36
112
243
33
84
1,641
324
604
1,282
345
1,762
348
579
5,226
1,278
924
4,779
1,262
1,022
4,436
1,143
857
3,288
1,518
2,467
1,233
790
2,387
1,453
729
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services ....
57
366
15
61
356
10
62
416
393
390
2,069
2,190
4
354
2,029
4
529
3,564
10
14
584
3,574
38
511
3,484
38
1,787
2,027
23
1,766
1,887
11
1,610
2,078
11
490
169
198
123
285
53
199
33
497
236
175
86
5,399
2,967
2,432
4,843
2,417
2,426
5,264
2,790
15,619
5,670
15,052
10,317
107
1,580
1,934
344
1,566
2,007
516
9,820
14,916
4,112
10,737
67
2,317
2,471
3
-1
24
-3,625
-3,138
-3,383
^7,877
-49,298
-48,523
-44,783
-45,014
-2,350
-2,247
-2,418
-41,329
-44,210
-43,891
-30,730
-601
-62
-487
-84
-606
-80
^,590
-13
-3,375
-12
-31,428
-4,252
-295
Other transportation
-113
-75
-106
-63
-44
-227
^6
-62
-2,169
-157
-763
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
-4
-160
-18
-4
-171
-15
-4
-172
-15
-63
-474
-126
-348
^04
-3
-142
-259
-604
Exports of goods, services, and income
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Imports of goods, services, and income .
Goods, adjusted, excluding military2
129
738
-55,751
-36,480
-34,847
-2,993
-15
-6,573
-101
-6,525
-93
-8,309
-91
-4,341
-299
-833
-109
-600
-642
-93
-735
-3,749
-741
-598
-3,777
-648
-599
-3,771
-781
-567
-187
-1,145
-707
-198
-1,097
-591
-178
-985
-91
-1,494
-36
-1,384
-36
-59
-3,209
-50
-3,247
-111
-52
-2,936
-657
-1,043
-35
-666
-1,366
^9
-1,255
-34
-496
-1,091
-34
-359
-2
-120
-237
-1,958
-708
-989
-261
-1,713
-467
-1,006
-240
-1,639
-413
-11,970
-601
-631
-9,069
-2,895
-9,712
-2,022
-2,065
-5,625
-9,334
-1,702
-2,158
-5,474
-6,287
-8,498
-2,871
-12,014
-474
-8,720
-2,820
-12,595
-1,008
-218
-641
-710
-97
-84
-118
-2,885
-2,932
-2,854
-19
-19
-69
-474
-10
^320
-292
-10
-339
-319
-8
-383
-103
6
-102
18
-111
-7
-225
-165
-2,495
-357
-174
-2,401
-270
-146
-2,438
-23
4
-23
4
-21
-48
-3,101
2,202
-318
5,373
-6,103
-4,350
-57,889
-65,653
-4,469
5,446
3,375
5,597
14
-19
-26
14
-19
-26
2
2
Income payments on foreign assets in the United States ,
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers 6
-56,639
-116
-111
-975
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
20
-235
226
29
-7
-56
47
2
-58
-174
-3,121
-591
-602
2,209
5,363
-3,191
-4,507
-6,115
-1,910
-107
-290
-601
-34
-54
-1,674
-114
2,048
345
-1,326
14,387
-2,237
-2,825
1,934
-7,451
197
-6,688
642
(17)
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States, net (increase/capital inflow (+))
382
49
-344
10
9
C7)
7
(18)
103
-245
347
-250
354
-10
146
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities u
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency flows
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
1,463
28
-57,019
,
U.S. assets abroad, net (increase/capital outflow (-))
4,628
-36,096
Services3
Direct defense expenditures
Travel
36
91
18
330
1,315
18
-834
-2,377
-5,076
1
5,432
-257
-2,444
458
-394
1,482
-4,572
-4,856
1,936
5,964
-3,981
-2,850
-12,578
-35,894
-21,400
-34,377
-2,100
448
304
7,829
-746
-2,284
-114
951
30,601
49,519
20,910
6,644
16,769
-2,476
1,531
-22
3
-54
(18)
(18)
-580
1,196
(17)
229
913
1,669
""i2;658
ri
11,134
18
5,397
(18)
583
7
22,777
8
11,665
27,152
18
12,800
-14,626
-19,363
5,646
-1,719
-548
(.8)
"n
(.8)
18
-625
(.8)
(.8)
fa
(18)
5,621
R
J
l
3,392
(18)
2,362
2,029
(17)
7
-3,686
-311
-65,747
-6,770
-3,200
-9,330
1,063
(17)
-987
-63
-7,439
-30,353
-57,938
-6,303
-3,163
-4,350
-2,982
(18)
189
-42,326
(.8)
2,140
(.8)
18
18
1,912
12,438
-2,560
18
-18,318
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas,
net (sum of above items with sign reversed)
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 7 0 ) n .
2,299
5,684
760
-608
264
-344
-157
482
325
-119
-410
343
-67
138
206
-641
-435
71
-710
16
-328
-604
-1,132
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and unconvertible
bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities
of U.S. Government corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4 in "U.S. International Transactions, First Quarter 1998" in the July 1998 issue of the SURVEY.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State
and local governments.
4,010
6,273
2,102
24,734
12,118
-18,657
4,990
-4,516
477
-4,567
1,465
-3,102
3,130
-4,316
2,106
-2,210
3,625
-1,283
3,073
1,790
3,649
1,020
2,890
3,910
3,038
434
2,315
2,749
2,321
1,415
-118
1,297
5,439
-2,885
2,554
6,948
-2,932
4,016
5,070
-2,854
2,216
-4,039
3,441
-598
-97
-695
-84
-56
-1,170
30,466
-14,994
5,328
-15,569
4,014
-9,666
-7,395
-11,555
-7,400
-15,571
5,220
-10,351
-17,061
-19
-17,080
-18,955
-19
-18,974
-6,280
-16,631
-69
-16,700
13. Conceptually, the sum of lines 71 and 63 is equal to "net foreign investment" in the national income and
product accounts (NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the
international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical
treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment
by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of
the balance on goods and services from the international accounts and the NIPA net exports appears in appendix
A of this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the two
sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the August issue of
the SURVEY).
SURVEY OF CURRENT BUSINESS
August 1998
D-ll
International Data
Table F.3.—-U.S. International Transactions, by Area—Continued
[Millions of dollars]
Other countries in Asia and Africa
Australia
1997
(Credits +; debits - ) >
Line
International organizations and
unallocated16
1997
J998
1997
\p
IV
6,073
5,734
5,775
61,539
60,062
53,256
Goods, adjusted, excluding military2
3,091
2,899
3,109
38,679
40,845
34,244
Services3
Transfers under U.S. military agency sales contracts4
1,469
76
1,523
221
1,398
212
15,880
3,110
13,304
2,425
13,485
2,486
Travel
Passenger fares
Other transportation
567
179
85
443
161
87
398
144
76
3,964
629
2,088
2,405
419
2,191
351
2,042
112
124
132
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services.
179
381
2
182
425
4
165
1,177
4,845
67
1,119
4,662
83
967
5,555
436
938
459
873
415
940
Income receipts on U.S. assets abroad .
Direct investment receipts
Other private receipts
U.S. Government receipts
1,513
811
702
1,312
604
708
1,268
569
6,980
5,527
2,781
2,465
4,259
368
5,913
2,840
2,786
287
281
1,826
139
4,463
2,455
1,858
150
4,351
2,338
1,831
182
Imports of goods, services, and income .
-2,493
-2,455
-2,489
-65,832
-81,694
-75,960
-2,184
-2,355
-2,728
-1,294
-1,261
-1,262
-70,597
-66,993
-61,035
-782
-25
-719
-12
-756
-12
-8,293
-664
-8,096
-828
-8,281
-901
-615
-669
-1,013
Passenger fares
Other transportation
-295
-136
-52
-251
-148
-63
-280
-161
-67
-2,593
-1,178
-1,903
-2,211
-1,116
-1,942
-2,539
-1,099
-1,817
-229
-272
-290
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
-56
-204
-14
-9
-224
-12
-16
-208
-12
-38
-1,702
-215
-42
-1,758
-199
-37
-1,686
-202
-175
-211
-184
-213
-547
-176
-417
-181
-148
-88
-475
-215
-148
-112
-471
-180
-179
-112
-6,942
78
-2,427
^,593
-6,605
121
-2,460
-4,266
-6,644
268
-2,635
-4,277
-1,569
-834
-734
-1,715
-1
-1,686
-927
-758
-1
-31
-24
-31
-3,269
-6,173
-3,325
-2,192
-2,612
-2,235
-4,369
-1,331
-119
-137
-532
-1,875
-174
-185
-1,833
-252
-241
-1,742
-375
7,535
-2,483
Exports of goods, services, and income
Goods, adjusted, excluding military2
Services3
Direct defense expenditures
Travel
:
Income payments on foreign assets in the United States ,
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
,.;
U.S. Government grants 4 ...
U.S. Government pensions and other transfers
Private remittances and other transfers6
399
4
3,892
2,720
-9
-22
-8
-23
139
U.S. assets abroad, net (increase/capital outflow (-))
-15
-1,338
-126
-1,805
-1,966
-219
-6,339
-9
-122
-1,682
5,745
-J.456
1,487
1,996
88
2,294
-602
-139
-463
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
-267
-150
-4,221
-182
-85
-254
-254
-285
-285
-351
-2,375
-4,439
-155
7,924
-2,866
-3,661
-1,588
-1,952
-1,828
-2,391
469
2
936
97
-8,802
-3,678
-9,172
-1,193
5,241
6,618
14,451
-107
-15
-058
-21,367
-2,027
-107
-18,583
-650
17,569
2,565
20,315
5,477
10,046
16,347
5,477
716
10,046
771
16,347
811
1,299
1,275
-446
(18)
-178
(18)
-219
-507
-9
-293
-293
(JJ)
F3
-16
(18)
(.8)
(18)
-16;
M
(18)
(18)
(18)
(18)
1,778
(.8)
(18)
1,545
174
-4,987
-2,564
-2,590
1,797
687
2,484
1,096
3,580
-81
1,638
804
2,442
837
3,279
-24
3,255
18
(18)
-604
-1,415
(18)
(18)
-173
-88
1,392
249
-719
-21,919
-389
-402
420
-407
1
18
-6,453
.-4,371
-804
-1
-24
-474
437
13
-1,967
-542
-566
-£87
-172
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities"
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
-1,943
-910
463
-478
986
-45
137
259
-1,245
563
560
Foreign assets in the United States, net (increase/capital inflow (+))
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency flows
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
5,838
1,486
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.
U.S. claims reported by U.S. banks, not included elsewhere
5,919
(18)
373
-1,103
2,290
'*17"870
18,332
25,615
-1,821
1,847
642
2,489
797
-31,918
7,587
-24,331
38
-26,148
5,208
-20,940
-692
3,286
-31
3,255
-24,293
-3,269
-27,562
-21,632
-6,173
-27,805
-26,791
5,204
-21,587
-1,117
-22,704
2,728
1,879
8
15,546
18
(18)
18
(18)
-1,804
18
-682
746
^5
8,052
18
6,783
-4,363
-4,545
4,697
871
871
787
787
2,777
3,564
-2,612
952
474
474
2,636
3,110
-2,235
875
-68
57
3,216
9,900
38
19
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of
above items with sign reversed)
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and 68) 1 3
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 70) 1 3
3,549
14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain,
and Portugal. Beginning with the first quarter of 1995, the "European Union" also includes Austria, Finland, and
Sweden.
15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic
Energy Community, European Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged
in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also
-3,325
-26,029
2,690
3,561
-2,192
1,369
includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic
source data are not available.
17. Details not shown separately; see totals in lines 49 and 56.
18. Details not shown separately are included in line 62.
NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, First Quarter
1998" in the July 1998 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from
the balance of payments accounts.
D-12
• International Data
SURVEY OF CURRENT BUSINESS
August 1998
Table FA—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
1996
Line
1997
1997
1996
IV
I
1998
II
III
IV
\P
222,134
239,215
59,110
58,144
59,695
60,545
60,827
60,059
Travel (table F.2, line 5)
Passenger fares (table F.2, line 6)
Other transportation (table F.2, line 7)
Freight
Port services
69,751
20,413
26,074
11,146
14,929
73,268
20,895
26,911
11,773
15,137
19,090
5,497
6,882
2,963
3,920
18,197
5,130
6,698
2,913
3,785
18,542
5,189
6,724
2,910
3,814
18,325
5,212
6,678
2,919
3,759
18,204
5,364
6,809
3,031
3,778
18,205
5,360
6,538
2,814
3,724
Royalties and license fees (table F.2, line 8)
Affiliated
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated
Industrial processes!
Other2
32,823
24,710
22,781
1,929
8,113
3,488
4,625
33,676
25,515
23,457
2,058
8,161
3,272
4,889
8,577
6,505
5,806
699
2,072
849
1,223
8,306
6,267
5,905
362
2,039
832
1,207
8,407
6,373
5,897
476
2,034
819
1,215
8,580
6,543
5,929
614
2,037
812
1,225
8,381
6,330
5,724
606
2,051
809
1,242
8,283
6,208
5,502
706
2,075
811
1,264
Other private services (table F.2, line 9)
Affiliated services
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated services
Education
Financial services
Insurance, net
Premiums received
Losses paid
Telecommunications
Business, professional, and technical services
Other unaffiliated services3
73,073
23,779
14,772
9,007
49,295
7,888
8,382
1,971
5,978
4,007
3,270
17,599
10,185
84,465
26,336
16,164
10,172
58,128
8,278
11,064
2,391
5,952
3,561
3,771
21,304
11,321
19,064
6,276
3,827
2,449
12,788
2,016
2,391
557
1,505
948
817
4,388
2,620
19,813
6,250
3,794
2,456
13,563
2,013
2,395
578
1,494
916
889
4,946
2,742
20,833
6,579
4,045
2,534
14,254
2,052
2,598
592
1,485
892
938
5,293
2,780
21,750
6,791
4,128
2,663
14,959
2,108
2,914
605
1,483
879
956
5,500
2,876
22,069
6,717
4,198
2,519
15,352
2,105
3,157
616
1,491
875
987
5,564
2,923
21,673
6,497
4,059
2,438
15,176
2,100
2,806
629
1,508
880
969
5,669
3,003
142,261
156,236
36,329
37,610
38,817
39,769
40,039
40,244
48,048
15,818
27,403
16,539
10,864
51,220
18,235
28,949
17,644
11,305
12,199
4,068
6,895
4,039
2,856
12,736
4,311
7,034
4,201
2,833
12,764
4,663
7,317
4,581
2,736
12,897
4,704
7,200
4,408
2,792
12,823
4,557
7,397
4,454
2,943
13,179
4,563
7,189
4,392
2,797
7,854
5,506
766
4,740
2,347
1,233
1,115
9,411
7,087
955
6,132
2,324
1,265
1,060
1,917
1,456
221
1,235
461
323
138
2,106
1,566
217
1,349
540
320
221
2,168
1,600
220
1,380
568
315
253
2,559
1,941
235
1,706
618
313
305
2,578
1,980
284
1,696
598
317
282
2,885
1,912
259
1,653
973
324
649
43,138
16,668
8,089
8,579
26,469
1,247
2,995
3,773
14,652
10,879
8,304
5,550
4,600
48,421
18,324
9,407
8,917
30,098
1,347
3,906
5,208
15,036
9,828
8,113
6,571
4,952
11,250
4,415
2,113
2,302
6,835
317
809
951
3,644
2,693
2,069
1,468
1,222
11,423
4,414
2,179
2,235
7,009
318
846
1,115
3,683
2,568
2,006
1,543
1,181
11,905
4,473
2,355
2,118
7,432
333
1,002
1,261
3,735
2,474
1,999
1,615
1,221
12,409
4,635
2,427
2,208
7,774
346
1,093
1,381
3,787
2,406
2,028
1,676
1,251
12,684
4,801
2,445
2,356
7,883
349
965
1,452
3,832
2,380
2,080
1,737
1,299
12,428
4,433
2,144
2,289
7,995
348
952
1,477
3,869
2,392
2,121
1,832
1,266
-191,337
79,873
-111,464
-197,954
82,979
-114,975
-48,337
22,781
-25,556
-49,723
20,534
-29,189
^9,096
20,878
-28,218
-49,296
20,776
-28,520
•^9,839
20,788
-29,051
-55,698
19,815
-35,883
Exports of private services
Imports of private services
Travel (table F.2, line 19)
Passenger fares (table F.2, line 20)
Other transportation (table F.2, line 21)
Freight
Port services
Royalties and license fees (table F.2, line 22)
Affiliated
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated
Industrial processesl
Other2
Other private services (table F.2, line 23)
Affiliated services
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated services
Education
Financial services
Insurance, net
Premiums paid
Losses recovered
Telecommunications
Business, professional, and technical services
Other unaffiliated services3
Memoranda:
Balance on goods (table F.2, line 65)
Balance on private services (line 1 minus line 27)
Balance on goods and private services (lines 53 and 54)
p Preliminary.
1. Patented techniques, processes, and formulas and other intangible property rights that are
used in goods production.
2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights.
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign govern-
1
ments and international organizations in the United States. Payments (imports) include mainly
wages of foreign residents temporarily employed in the United States and Canadian and Mexican
commuters in U.S. border areas.
NOTE.—The data in table F.4 are from table 3 in "U.S. International Transactions, First Quarter
1998" in the July 1998 issue of the SURVEY OF CURRENT BUSINESS, which presents the most
recent estimates from the balance of payments accounts.
SURVEY OF CURRENT BUSINESS
August 1998
International Data • D-13
G. Investment Tables_
Table G.1.—International Investment Position of the United States at Yearend, 1996 and 1997
[Millions of dollars]
Changes in position in 1997 (decrease (-))
Attributable to:
Line
Type of investment
Position
1996'
Valuation adjustments
Capital
flows
Total
Price
changes
Exchange
Other
rate
changes
changes
(c)
(a)
Net international investment position of the United States:
With direct investment positions at current cost (line 3 less line 24)
With direct investment positions at market value (line 4 less line 25)
-767,076
-743,656
-254,939
-254,939
U.S. assets abroad:
With direct investment positions at current cost (lines 5+10+15) ...
With direct investment positions at market value (lines 5+10+16) ..
3,767,018
4,347,148
478,502
478,502
160,739
96,698
10,312
15,435
38,294
1,010
350
3,575
-2,915
81,677
79,786
79,114
672
1,891
-174
-202
-168
-34
28
-17
-8
3,524,602
4,104,732
477,666
477,666
195,897 -149,191
436,807 -217,941
936,954
1,517,084
1,280,159
403,373
876,786
121,843
121,843
87,981
46,723
41,258
449,978
857,511
120,403
147,439
4,534,094
5,090,804
733,441
733,441
226,804
532,139
801,062
612,656
592,891
19,765
23,099
113,098
52,209
15,817
-2,936
-7,270
4,334
^2,521
21,928
-654
16,968
4,615
4,174
441
12,353
3,733,032
4,289,742
717,624
717,624
209,836
515,171
-27,627
-26,297
666,962
1,223,672
504,792
186,843
1,199,460
588,043
611,417
93,449
93,449
146,710
24,782
196,845
130,879
65,966
-2,680
302,655
10,459
-1,330
202,057
19,532
182,525
-20,378
-20,378
346,727
828,248
107,779
148,059
(a+b+c+d)
(d)
-635
-939
^,570
U.S. official reserve assets
Gold
Special drawing rights
Reserve position in the International Monetary Fund ,
Foreign currencies
U.S. Government assets, other than official reserve assets
U.S. credits and other long-term assets5
Repayable in dollars
Other6
U.S. foreign currency holdings and U.S. short-term assets
U.S. private assets:
With direct investment at current cost (lines 17+19+22+23)
With direct investment at market value (lines 18+19+22+23)
Direct investment abroad:
At current cost
At market value
Foreign securities
Bonds
Corporate stocks
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States:
With direct investment at current cost (lines 26+33)
With direct investment at market value (lines 26+34)
Foreign official assets in the United States
U.S. Government securities
U.S. Treasury securities
Other
Other U.S. Government liabilities7
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets
33
34
35
36
37
38
39
40
41
42
43
Other foreign assets:
With direct investment at current cost (lines 35+37+38+39+42+43) ..
With direct investment at market value (lines 36+37+38+39+42+43)
Direct investment in the United States:
At current cost
At market value
U.S. Treasury securities
U.S.currency
U.S. securities other than U.S. Treasury securities
Corporate and other bonds
Corporate stocks
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
p Preliminary.
r
Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation
at current exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value
3. Reflects changes in the value of the official gold stock due to fluctuations in the market
price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in international transactions capital flows.
Position
1997'
-51,669 -127,725
-116,094 -197,805
175,135
416,045
-155,352
-224,102
-20,762
-20,762
-22,159
-9,961
-6,144
-456,492 -1,223,568
-578,799 -1,322,455
470,293
659,971
4,237,311
5,007,119
-7
-7
-25,903
-20,769
-285
2,636
-7,485
134,836
75,929
10,027
18,071
30,809
-194
-213
-172
-41
19
81,483
79,573
78,942
631
1,910
-27,982
-10,464
496,390
4,020,992
4,790,800
9,325 -28,998
250,235 -97,748
186,572 -108,411
-13,718
8,671
-94,693
177,901
-15,252
2,266
86,918
276,596
166,142
41,676
124,466
1,023,872
1,793,680
1,446,301
445,049
1,001,252
-7,724
-4,058
3
-27,992
-10,474
-261
-12,469
112,418
130,912
562,396
988,423
-27,627
-26,297
-5,833
-513
926,785
1,238,770
5,460,879
6,329,574
54
55
55
32,839
1,734
-3,041
4,775
-2,522
21,928
11,699
833,901
614,390
589,850
24,540
20,577
135,026
63,908
-5,887
-567
893,946
1,205,931
4,626,978
5,495,673
^,556
764
84,883
396,868
157,169
24,782
378,524
130,033
248,491
751,845
1,620,540
661,961
211,625
1,577,984
718,076
859,908
- ,331
1
106,828
141,760
453,555
970,008
4
1
380
-6,299
5. Also includes paid-in capital subscriptions to international financial institutions and outstanding
amounts of miscellaneous claims that have been settled through international agreements to be
payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts
that are not being serviced.
6. Includes indebtedness that the borrower may contractually, or at its option, repay with its
currency, with a third country's currency, or by delivery of materials or transfer of sen/ices.
7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies.
NOTE.—The data in this table are from table 1 in "International Investment Position of the United States in 1997" in the July 1998 issue of the SURVEY OF CURRENT BUSINESS.
D-14
• International Data
SURVEY OF CURRENT BUSINESS
August 1998
Table G.2.—U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1995-97
[Millions of dollars]
Direct investment position on a
historical-cost basis
1995
1997
699,015
All countries, all industries ..
1996
777,203
860,723
Capital outflows (inflows (-))
1995
92,074
1996
74,833
1997
114,537
Income
1995
87,346
1996
92,105
1997
100,703
By country
83,498
91,301
99,859
8,602
7,260
10,734
8,799
9,024
10,692
Europe
Of which:
France
Germany
Netherlands
United Kingdom .
344,596
382,366
420,934
52,275
35,992
60,558
40,853
43,179
47,869
33,358
44,242
42,113
106,332
33,746
44,651
54,437
122,692
34,615
43,931
64,648
138,765
5,196
3,349
9,386
13,830
4,750
1,467
6,914
12,080
3,166
3,002
14,329
22,435
2,707
4,215
7,456
10,921
3,389
3,842
8,667
12,016
2,637
4,117
10,240
12,898
Latin America and Other Western Hemisphere
Of which:
131,377
147,535
172,481
16,040
16,081
23,784
16,210
17,810
19,992
25,002
16,873
28,699
19,900
35,727
25,395
6,954
2,983
3,812
2,713
6,545
5,933
3,759
1,585
4,104
2,862
4,551
3,969
1,887
Canada ...
Brazil
Mexico
Africa
6,017
6,832
10,253
352
739
3,790
1,797
1,797
Middle East
7,198
7,793
8,959
879
538
1,111
1,373
1,411
1,562
122,711
136,481
142,704
14,342
12,190
13,815
18,146
18,562
18,325
24,328
37,309
28,409
35,684
26,125
35,569
5,537
2,336
3,071
-326
1,101
781
2,769
4,091
2,846
3,414
3,288
3,198
3,618
4,896
5,533
-416
2,034
746
167
322
376
68,639
74,499
85,726
675
5,058
11,455
9,036
11,692
12,114
243,954
28,896
61,374
11,555
29,626
27,514
34,076
50,913
272,244
32,998
72,209
14,178
31,597
31,623
33,839
55,801
288,290
38,380
73,487
14,732
33,563
33,833
36,439
57,855
44,472
3,718
16,924
1,570
4,408
7,060
5,888
4,903
25,149
2,700
5,657
5,283
2,565
3,883
561
4,500
32,280
6,325
8,026
1,054
4,529
3,930
3,846
4,570
34,325
4,480
8,614
1,380
4,251
4,466
3,709
7,425
34,365
4,826
9,525
1,353
4,555
4,217
3,182
6,707
37,532
5,116
9,415
1,535
5,083
4,861
4,842
6,679
68,102
69,638
69,080
8,880
5,701
3,403
9,118
29,181
33,673
34,359
1,032
1,488
2,935
3,242
3,083
2,953
Asia and Pacific
Of which:
Australia
Japan
International
By Industry
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
Other manufacturing
Wholesale trade
,
Depository institutions
Finance (except depository institutions), insurance, and real
estate
,
9,041
218,313
240,972
280,920
22,001
23,035
45,410
24,589
27,817
29,815
Services
29,721
35,793
40,874
4,014
3,343
5,464
4,136
3,588
5,258
Other industries .
41,105
50,384
61,475
11,000
11,061
13,591
2,902
3,072
3,991
NOTE.—In this table, unlike in the international transactions accounts, income and capital butflows are shown without a current-cost adjustment, and income is shown net of withholding taxes,
In addition, unlike in the international investment position, the direct investment position is valued
at historical cost.
International Data
SURVEY OF CURRENT BUSINESS
August 1998
Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by
Industry of Affiliate, 1995
Number of
affiliates
All countries, all industries
21,318
Millions of dollars
Total assets
2,815,141
Sales
2,140,438
Net income
124,675
Number of
employees
(thousands)
7,377.0
By country
2,023
246,242
231,081
8,313
918.1
10,435
1,567,904
1,176,126
63,083
3,014.5
Italy
1,226
1,358
757
2,393
124,457
234,169
68,550
112,182
60,128
363,372
4,303
6,467
2,315
Netherlands
Switzerland
United Kingdom
135,906
219,538
59,468
139,078
132,464
641,348
11,492
7,203
14,338
413.9
596.3
198.7
138.8
50.6
928.8
3,256
316,495
191,340
23,419
1,485.2
400
823
48,477
59,115
44,536
61,122
5,073
4,732
299.9
743.6
Africa
502
22,604
20,587
1,845
126.5
Middle East
338
30,231
21,703
2,899
73.4
4,665
614,555
492,181
24,464
1,747.6
855
1,006
81,055
280,164
63,056
211,821
2,944
4,979
258.7
414.9
Canada .
Europe
Of which:
France
Germany
999
505
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
Asia and Pacific
Of which:
Australia
Japan
653
17,110
International
11.8
7,421
By industry
13,981
Petroleum
1,520
272,087
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment .
Transportation equipment
Other manufacturing
8,023
764
1,942
722
1,033
855
469
2,238
779,339
99,571
180,964
35,266
112,921
71,483
124,721
154,413
984,868
113,166
189,096
36,862
159,205
95,395
218,333
172,811
230.9
53,795
7,064
15,695
1,227
7,611
6,443
4,406
11,348
4,376.6
554.4
591.9
195.7
529.4
846.0
697.6
961.5
538.3
428,030
Wholesale trade
4,878
206,015
367,515
15,124
Finance (except depository institutions), insurance, and real estate
2,742
1,229,643
108,441
30,507
191.0
Services
2,671
114,995
100,035
4,050
779.8
Other industries
1,484
213,062
151,548
7,219
1,260.4
NOTE.—The data in this table are from "U.S. Multinational Companies: Operations in 1995"
in the October 1997 SURVEY OF CURRENT BUSINESS.
D-15
D-16
• International Data
August 1998
SURVEY OF CURRENT BUSINESS
Table G.4.—Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of
Affiliate, 1995-97
[Millions of dollars]
Direct investment position on a
historical-cost basis
Capital nflows (outflows (-))
Income
1995
1996
1997
1995
1996
1997
681,651
58,772
76,453
90,748
30,931
31,970
42,502
54,799
64,022
4,824
8,235
9,411
3,658
3,295
3,215
332,374
368,322
425,220
39,686
51,672
60,021
21,745
24,759
31,245
36,167
46,017
65,116
116,272
41,132
59,863
74,320
121,288
47,088
69,701
84,862
129,551
2,725
7,908
-1,526
16,255
5,983
18,995
11,487
11,000
8,728
10,712
10,274
8,582
1,729
1,642
5,003
10,630
2,570
2,283
6,592
9,593
3,037
3,003
7,175
11,700
27,873
29,180
35,701
2,886
3,266 "
5,921
1,206
1,566
2,003
750
1,850
689
1,436
698
1,723
116
-263
-60
38
48
145
91
23
48
28
44
180
1,113
645
1,608
-117
-460
942
31
-118
-105
1995
1997
535,553
594,088
45,618
All countries, all industries ...
1996
By country
Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
Africa
5,801
5,977
6,882
-360
538
866
140
166
607
122,774
135,166
148,218
11,854
13,202
13,587
4,152
2,303
5,537
10,356
104,997
Middle East ,
Asia and Pacific
Of which:
Australia
Japan
13,877
114,534
16,229
123,514
2,003
8,118
3,739
10,214
2,557
9,430
435
3,611
362
3,159
61
6,363
By industry
34,907
43,770
47,679
3,863
8,842
4,462
3,274
4,369
4,721
214,504
27,032
72,125
14,193
37,098
64,056
242,320
27,897
76,708
17,364
39,114
81,238
267,070
27,473
88,767
20,454
46,027
84,349
28,739
5,652
11,771
403
3,516
7,398
34,500
1,829
6,692
4,968
2,429
18,583
36,228
-133
14,494
2,235
7,400
12,233
15,431
1,736
5,806
1,245
2,209
4,435
16,220
1,983
5,159
1,046
1,207
6,824
19,172
1,838
6,125
1,487
2,836
6,886
Wholesale trade
66,871
75,115
87,564
6,556
8,247
11,275
3,847
2,448
3,617
Retail trade
12,533
13,733
16,093
1,336
2,506
1,320
538
513
669
Petroleum ,
Manufacturing
Food and kindred products
Chemicals and allied products .
Primary and fabricated metals .
Machinery
Other manufacturing
Depository institutions
33,883
32,161
37,099
6,879
555
5,840
4,578
2,883
3,489
Finance, except depository institutions
34,803
37,658
42,526
4,009
4,443
5,078
472
1,182
2,108
Insurance
50,647
54,715
69,092
3,807
7,409
11,090
1,837
2,794
5,050
30,170
33,179
34,118
-639
541
658
-£09
-69
511
32,058
32,358
45,604
1,551
3,838
7,164
-132
404
974
25,176
29,080
34,806
2,672
5,572
7,632
1,695
1,225
2,191
Services
Other industries
,
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. In
addition, unlike in the international investment position, the direct investment position is valued
at historical cost.
International Data • D-17
SURVEY OF CURRENT BUSINESS
August 1998
Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies, by Country of Ultimate
Beneficial Owner and by Industry of Affiliate, 1996
Millions of dollars
Millions of dollars
Number of
affiliates
12,626
All countries, all industries
Total assets
2,613,985
Sales
1,596,022
Net income
21,110
Gross
product
339,485
4,977.5
U.S.
exports of
U.S.
imports of
shipped by
affiliates
Thousands of
employees
shipped to
affiliates
136,588
252,990
By country
Canada ...
1,289
263,862
121,650
5,035
30,026
618.6
5,658
14,123
Europe
Of which:
France
Germany
Netherlands
Switzerland
United Kingdom
5,411
1,507,678
881,931
15,885
218,174
3,103.9
63,104
86,533
667
1,328
397
623
1,203
274,775
249,891
180,292
275,890
413,966
127,434
168,151
111,395
96,026
277,026
3,120
3,096
2,785
310
5,890
32,584
40,467
29,299
19,461
73,960
411.8
610.2
378.8
306.2
972.6
18,386
13,493
4,468
6,457
12,354
12,888
28,304
8,969
7,550
13,267
1,088
57,482
53,767
147
12,699
155.4
5,725
10,621
78
275
10,652
8,454
4,462
7,982
160
-643
283
1,439
4.5
35.8
1,192
688
1,241
2,248
;
Latin America and Other Western Hemisphere ,
Of which:
Brazil
Mexico
74
2,555
22.7
522
560
-258
5,292
61.8
607
5,481
635,683
487,580
-3,370
65,469
972.9
60,077
134,416
44,617
549,408
23,013
418,320
243
-2,271
5,539
54,560
77.4
776.4
1,268
52,555
1,375
117,433
85
United States
733
21,024
171
3,240
Asia and Pacific
Of which:
Australia
Japan
10,605
26,501
4,249
Middle East
11,708
430
Africa
111,071
19,466
2,938
5,270
42.2
894
1,255
By industry
236
114,735
152,832
5,586
32,733
111.8
9,984
21,080
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
2,950
257
338
407
736
1,212
578,886
58,624
180,996
60,804
95,234
552,023
49,562
134,451
62,902
124,066
7,153
3,591
549
1,010
-737
2,738
156,354
11,783
42,095
16,079
31,863
54,534
2,213.6
205.4
409.8
233.3
536.8
828.4
58,821
2,848
15,656
4,066
20,575
15,677
78,531
3,379
14,254
7,390
28,733
24,776
Wholesale trade
2,230
2,839
41,973
488.6
62,792
147,958
377
24,544
821.0
1,507
3,408
Petroleum.
Retail trade
352
Finance, except depository institutions .
907
Insurance
161
Real estate
3,507
Services
1,283
Other industries
1,000
D
183,228
181,042
233,829
466,700
50,063
94,028
705,181
58,230
575,947
100,549
6,001
49.3
15
21
10,658
152.0
0
0
-1,718
4,984
27.1
7
1
-3,402
21,840
633.8
738
1,173
4,907
40,398
480.3
2,725
818
89,625
13,903
105,297
56,247
149,497
112,434
Suppressed to avoid disclosure of data of individual companies.
NOTE.—The data in this table are from tables A1 and A2 in Foreign Direct investment in the
United States: Operations of U.S. Affiliates of Foreign Companies, Preliminary 1996 Estimates
(forthcoming).
64
5,306
D-18
• International Data
SURVEY OF CURRENT BUSINESS
August 1998
H. International PerspectivesQuarterly data in this table are shown in the middle month of the quarter.
Table H.1.—International Perspectives
1997
1998
1997
1996
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
Exchange rates per U.S. dollar (not seasonally adjusted)
Canada (Can $/US$)
France (FFr/US$)
.
Germany (DM/USS
Italy (L/UStf)
Japan (¥/USj2)
Mexico (Peso/US$)
United Kingdom (US$/£)
Addendum:
Exchange value of the U.S. dollar1 ...
1.3638
5.1158
1.5049
15.4276
1.0878
7.6004
1.5607
1.3849
5.8393
1.7348
17.0381
1.2106
7.9177
1.6376
1.3942
5.7672
1.7119
6.9452
1.2564
7.9059
1.6293
1.3804
5.7482
1.7048
16.8433
1.1919
7.9037
1.6322
1.3843
5.8293
1.7277
16.9454
1.1429
7.9498
1.6449
1.3775
6.0511
1.7939
17.4591
1.1538
7.8679
1.6694
1.3872
6.2010
1.8400
17.9712
1.1793
7.7818
1.6035
1.3872
6.0031
1.7862
17.4322
1.2089
7.7809
1.6013
1.3869
5.8954
1.7575
17.2109
1.2106
7.8708
1.6330
1.4128
5.8001
1.7323
16.9708
1.2538
8.2716
1.6889
1.4271
5.9542
1.7788
17.4386
1.2973
8.1271
1.6597
1.4409
6.0832
1.8165
17.8787
1.2955
8.2272
1.6350
1.4334
6.0744
1.8123
17.8828
1.2585
8.5021
1.6408
1.4166
6.1257
1.8272
17.9907
1.2908
8.5681
1.6619
1.4298
6.0782
1.8132
17.9124
1.3175
8.5017
1.6723
1.4452
5.9528
1.7753
17.5079
1.3490
8.5848
1.6382
87.34
96.38
96.39
95.29
95.42
97.48
99.96
98.29
97.07
96.37
98.82
100.52
99.93
100.47
100.30
99.61
Unemployment rates (percent, seasonally adjusted)
9.7
9.2
95
94
9.1
9.0
9.0
9.0
9.1
9.0
8.6
8.9
8.6
8.5
8.4
84
12.3
10.4
12.1
3.4
12.5
11.5
12.3
3.4
12.5
11.2
12.5
11.4
12.4
12.6
11.4
12.6
11.5
12.5
11.6
12.1
12.5
11.7
12.5
11.8
12.3
11.8
12.2
11.6
12.1
11.5
12.0
12.0
11.5
11.9
11.3
3.5
3.9
3.4
3.5
3.4
3.8
3.4
3.5
3.4
3.3
3.5
3.3
3.4
3.5
3.3
3.5
3.5
3.6
3.5
3.9
3.3
4.1
3.3
11.9
11.2
12.4
4.1
3.7
3.3
4.1
12.4
11.8
12.2
3.5
5.5
Canada
France
Germany
Italy
Japan
Mexico
United Kinadom
5.6
5.4
5.3
5.2
5.1
5.0
4.9
4.9
4.8
4.8
4.8
4.8
5.0
4.9
4.9
4.9
4.8
4.6
4.7
4.7
4.6
4.7
4.3
4.3
1165
116.3
119.9
7.3
5.8
5.4
Addendum:
United States
5.5
5.7
4.9
5.0
4.8
3.2
Consumer prices (seasor ally adjus ed, 1990=100)
Canada
France
Germany (1991=100)
Italy .
..
Japan
Mexico
United Kingdom
113.5
113.8
116.5
133.2
107.1
301.7
121.1
115.3
115.2
118.6
136.0
109.0
364.0
124.9
115.2
115.0
117.9
135.6
109.1
355.8
123.9
115.3
115.2
118.4
136.0
109.0
359.0
124.4
115.5
115.2
118.6
136.0
109.3
362.2
124.9
115.5
115.0
119.2
136.0
109.3
365.3
124.9
115.7
115.3
119.3
136.1
109.5
368.6
1257
115.6
115.5
119.0
136.2
109.7
373.2
126.3
115.7
115.5
118.9
136.6
109.9
376.2
126.5
115.5
115.7
118.9
137.1
109.7
380.4
126.5
115.4
115.7
119.1
137.1
109.6
385.7
126.9
116.0
115.3
119.1
137.5
109.6
394.1
126.5
116.1
115.7
119.4
137.9
109.7
401.0
127.1
116.2
115.9
119.2
138.3
109.9
405.7
127.5
116.1
116.2
119.5
138.4
109.6
409.5
128.9
109.6
412.7
129.6
Addendum:
United States
120.0
122.9
122.5
122.5
122.8
122.9
123.1
123.5
123.7
123.8
123.9
123.9
124.0
124.0
124.3
124.7
Real gross domestic product (percent change from preceding quarter, seasonally adjusted at annual rates)
Canada
France
Germanv
Italy .
Japan
Mexico
United Kingdom
.
Addendum:
United States
See footnotes at the end of the table.
.7
3.7
2.3
23
1.5
4.2
4.7
39
8.0
4.3
3.7
29
2.0
2.8
3.2
1.2
.6
3.7
2.2
3.9
-.6
3.9
5.2
2.2
.9
7.0
3.3
-10.6
17.9
4.2
3.2
4.9
3.2
-1.5
-1.7
-5.3
2.4
3.1
3.4
3.9
4.0
4.2
30
5.5
1.2
1.6
14
1.4
D-19
International Data
SURVEY OF CURRENT BUSINESS
August 1998
Table H.1 .—International Perspectives—Continued
1997
1996
1998
1997
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Short-term, 3-month, interest rates (percent , not seasonally adjusted)
Canada
Francs
Germany
Italy
Japan
Mexico
United Kinadom
6.83
3.41
3.40
3.23
7.13
0.56
22.37
6.37
3.29
3.48
3.17
6.83
0.58
20.59
6.45
3.22
3.43
3.14
6.88
0.61
21.40
6.66
3.51
3.39
3.14
6.89
0.67
19.40
6.95
3.63
3.43
3.26
6.87
0.59
20.15
715
3.60
3.41
3.31
6.67
0.56
20.51
7 20
3.76
3.59
3.58
6.65
0.53
19.91
725
3.99
3.69
3.74
6.49
0.55
22.01
7 54
4.58
3.69
3.74
6.08
0.89
19.88
7.62
4.62
3.62
3.57
6.09
0.95
19.37
7.48
4.96
3.57
3.51
6.13
1.10
19.63
7.45
4.85
3.57
3.52
5.62
0.81
20.76
7 48
4.88
3.63
3.63
5.23
0.70
19.47
7 44
5 00
3.61
3.63
5.11
0.59
18 85
7 41
5.07
5.17
5.13
4.92
5.07
5.13
4.97
4.95
5.15
5.16
5.09
5.11
5.03
5.00
5.03
4 43
3.46
3.33
6.88
0.60
21.26
6.02
5.02
Addendum:
United States
3 53
3.94
3.31
8.82
0.59
32.91
...;
Long-term interest rates , government bond yields (percent, not seasonally adjusted)
5.50
6.55
2.37
7.09
593
5.70
7.37
2.38
6.90
5.96
5.60
7.02
2.74
6.63
5.67
5.60
6.82
2.68
6.30
5.50
5.40
6.38
2.51
6.30
5.65
5.50
6.53
2.35
6.19
5.55
5.50
6.10
2.21
5.94
5.80
5.50
5.90
1.99
5.76
5.66
5.50
5.81
1.94
5.85
5.45
5.30
5.44
1.94
5.58
5.26
5.10
5.21
1.95
5.60
5.11
4.90
5.15
2.00
5.64
5.04
4.90
4.92
1.86
5.50
512
4.90
490
1.87
5.52
5 05
4.90
4 93
1.66
7.82
7.04
7.65
7.16
7.13
7.04
7.08
6.80
6.50
6.61
6.36
6.08
6.03
5.95
5.79
5.83
6.44
Canada .
.
France
Germany
Italy
Japan
Mexico
United Kingdom
6.35
6.89
6.71
6.49
6.22
6.30
6.21
6.03
5.88
5.81
5.54
5.57
5.65
5.64
5.65
7.54
5 67
6.10
8.85
3.10
Addendum:
United States
6.47
6 51
Share price indices (not seasonally adjusted, 1
990=100)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
Addendum:
United States
. ..
.
...
64
779
189
175
145
146
116
63
659
179
187
149
154
119
68
696
185
188
151
160
123
70
782
186
201
161
175
138
70
889
190
193
161
176
139
68
815
194
206
160
170
145
65
933
198
200
159
171
149
62
815
203
190
151
161
145
57
873
194
196
157
171
154
55
917
200
196
163
177
175
56
801
205
207
175
188
189
58
839
216
221
195
201
214
58
880
226
224
208
214
238
56
894
232
222
216
219
232
56
795
237
249
219
236
249
262
262
267
272
268
275
275
290
306
315
313
154
118
116
96
189
152
158
131
74
555
167
195
1. Index of weighted average exchange value of U.S. dollar against currencies of other G-10 countries. March
1973=100. Weights are 1972-76 global trade of each of the 10 countries. Series revised as of August 1978. For
description and back data, see: "Index of the weighted-average exchange value of the U.S. dollar: Revision" on
page 700 of the August 1978 Federal Reserve Bulletin.
NOTE.—All exchange rates are from the Board of Governors of the Federal Reserve System. U.S. interest rates,
unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of Labor Statistics, and
BEA, respectively. All other data (including U.S. consumer prices and U.S. share prices, both of which have been
rebased to 1990 to facilitate comparison) are © OECD, July 1998, OECD Main Economic Indicators and are reproduced with permission of the OECD.
The exchange rates for the years 1996 and 1997 have been corrected from last month's presentation.
D-20
• International Data
SURVEY OF CURRENT BUSINESS
August 1998
I. Charts.
THE U.S. IN THE INTERNATIONAL ECONOMY
Billion $
COMPONENTS OF CURRENT ACCOUNT BALANCE
BALANCE ON CURRENT ACCOUNT
Services.
15Investment income
0-
V
\-^y
Unilateral transfers
V
H
X/
-15-
-30^ v /
-40-
M
-45-
-50
Goods
-60
\
85
89'90'91 92 93 94I95'96I97I98
Billion $
120
U.S. DIRECT INVESTMENT ABROAD AND
FOREIGN DIRECT INVESTMENT IN THE U.S.
-10
FINANCIAL INVESTMENT
-20
82'83 l 84 l 85 l 86 l 87 l 88 l 89 l 90 l 91 l 92 l 93 l 94 l 95 i 96 l 97 l 98
82 l 83 l 84 l 85 l 86 l 87 l 88 l 89 l 90 l 9i'92 l 93 '94*95*
Billion $
7000
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST
U..S. assets abroad
0-1000-
Net investment position
-2000
82'83'84 I 85'86 I 87'88'89'9O'91'92'93'94'95'96'97'98
ULS. DopBrtmsnt of Coowwoo, Buresuof Economic Analysis
Regional Data •
SURVEY OF CURRENT BUSINESS
August 1998
D-21
Regional Data
J. State and Regional Tables.
The tables in this section include the most recent estimates of State personal income and gross state product.
The sources of these estimates are noted.
The quarterly and annual State personal income estimates and the gross state product estimates are
available on diskettes or CD-ROM. For information on personal income, E-mail reis.remd@bea.doc.gov; write
to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230; or call 202-606-5360. For information on gross state product, E-mail
gspread@bea.doc.gov; write to the Regional Economic Analysis Division, BE-6I, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, DC 20230; or call 202-606-5340.
Table J.1.—Quarterly Personal Income for States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
1997
1996
1995
1998
Area name
United States .
Percent change'
1997:11997:11
1997:111997:111
1997:1111997:1 V
1997:1V1998:1
1.6
1.6
430,550
124,601
28,580
201,895
34,665
26,466
14,342
2.4
2.9
2.0
2.0
2.6
2.7
3.1
1.8
1.8
1.8
2.1
1.2
1.0
.5
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
1,184,607 1,194,810 1,203,048 1,215,160 1,236,233 1,252,392 1,262,579 1,280,273 1,303,513 1,314,382 1,329,269 1,352,538 1,373,852
20,257
20,658
21,820
21,927
19,190
19,646
19,838
20,916
20,842
21,493
18,476
18,586
18,853
18,518
18,655
19,133
19,362
18,068
18,308
18,231
18,768
18,792
19,063
17,953
18,017
18,002
132,154 133,215 133,879 135,000 137,463 139,238 140,788 142,701 145,498 146,810 148,225 151,544 153,090
235,237 237,700 239,500 241,671 245,793 249,200 251,390 254,333 259,780 260,939 264,335 268,918 273,884
499,539 503,400 506,656 511,888 521,731 527,781 530,585 539,518 549,359 554,550 560,925 569,570 579,698
281,248
286,159 289,342 293,291 298,104 301,041 304,407 309,190 312,449 315,228 321,554 325,892
1.1
1.8
15
.4
2.2
1.7
1.5
2.0
1.6
.5
1.2
1.0
1.8
1.8
1.3
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,010,950 1,016,351 1,025,146 1,038,089 1,050,235 1,067,370 1,080,301 1,089,650 1,109,153 1,123,712 1,133,807 1,154,583 1,167,728
298,069 299,717 302,382 306,672 312,076 316,097 320,182 324,047 329,442 334,865 338,393 345,410 350,322
124,847 125,170 125,755 126,976 128,633 131,340 133,092 134,560 136,412 138,367 139,022 142,047 143,292
227,670 227,552 229,853 232,821 234,392 238,969 241,018 242,695 247,329 249,413 251,624 255,155 257,168
247,428 249,879 252,119 255,173 257,163 261,247 264,643 265,927 271,452 274,731 277,136 281,901 285,055
112,935 114,034 115,038 116,446 117,971 119,717 121,367 122,421 124,519 126,335 127,633 130,071 131,891
1.3
1.6
1.4
.8
1.2
1.5
.9
1.1
.5
.9
.9
1.0
1.8
2.1
2.2
1.4
1.7
1.9
1.1
1.4
.9
.8
1.1
1.4
467,865
67,939
65,641
130,858
133,627
40,239
13,347
16,214
1.5
1.4
1.9
1.9
1.0
1.4
1.8
2.7
1.0
.4
1.1
1.3
1.0
.6
1.7
1.1
1.4
1.8
1.5
1.5
1.3
.6
1.0
.2
1.1
.8
1.3
1.3
1.1
.8
.4
.8
1,315,560 1,331,076 1,346,874 1,366,190 1,384,339 1,409,214 1,428,240 1,443,156 1,473,093 1,490,630 1,507,180 1,531,646 1,559,673
84,107
85,642
86,696
87,483
88,977
82,513
83,195
90,449
91,970
93,469
81,660
46,328
47,486
49,456
47,967
48,367
48,700
44,029
45,249
46,105
49,681
50,593
50,950
44,661
321,913 325,849 330,253 334,527 341,767 346,884 351,655 355,314 362,540 367,211 372,787 376,774 383,971
154,384 156,073 158,686 162,061 164,035 168,043 170,774 172,724 176,879 178,961 181,054 183,929 187,309
74,903
76,359
80,595
77,613
78,169
79,600
71,479
72,917
73,992
81,177
82,468
83,821
72,329
83,938
85,242
89,825
86,117
86,912
88,641
81,258
82,892
90,602
92,727
94,315
81,810
46,608
47,461
49,864
48,070
48,271
49,117
44,245
45,289
50,219
51,142
52,025
44,681
45,978
148,915 151,482 153,315 156,685 157,990 161,778 163,988 166,565 170,797 173,113 174,256 177,656 181,071
72,159
73,542
77,819
74,693
75,425
76,909
69,074
70,531
78,849
80,276
82,084
71,553
109,671 111,128 112,307 113,991 114,507 116,382 117,799 119,047 121,648 123,101 124,550 126,959 129,497
157,956 159,637 160,884 162,734 165,270 167,401 169,463 171,295 175,284 176,467 178,998 182,210 185,832
32,726
32,994
34,351
33,406
33,585
34,000
31,771
32,037
34,559
34,942
35,328
32,379
31,905
1.2
1.0
1.6
1.3
1.2
1.2
1.3
1.5
1.4
1.2
1.2
.7
1.0
1.1
.6
.5
1.5
1.2
.7
.9
.7
.7
1.3
1.2
1.4
.6
1.6
1.7
1.8
1.1
1.6
1.6
2.3
1.8
2.0
1.8
1.9
1.8
1.1
1.8
1.6
.7
1.9
1.8
1.6
1.7
1.7
1.9
2.3
2.0
2.0
1.1
1.3
6,040,250 6,102,128 6,166,444 6,242,690 6,344,988 6,446,115 6,526,158 6,602,863 6,734,618 6,823,157 6,906,890 7,017,563 7,129,549
New England
Connecticut
Maine
Massachusetts ...
New Hampshire .
Rhode Island
Vermont
362,015
104,786
24,632
168,234
28,837
23,105
12,420
Plains
397,161
58,245
55,483
109,163
114,604
34,302
11,634
13,731
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
367,472
105,960
24,963
171,018
29,518
23,505
12,508
401,451
58,656
55,921
110,296
116,252
34,644
11,823
13,859
371,338
106,986
24,985
173,444
29,576
23,709
12,637
405,890
59,375
56,490
111,254
117,510
35,324
11,871
14,066
375,980
108,293
25,272
175,714
30,038
23,850
12,813
411,800
60,355
57,063
113,325
118,667
35,956
12,141
14,292
Southwest
Arizona .
New Mexico
Oklahoma
Texas ...,
568,332
85,355
30,202
60,309
392,466
575,996
86,456
30,541
61,036
397,964
584,172
88,342
31,003
61,599
403,228
592,542
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
172,959
90,017
21,940
15,906
35,211
174,619
90,798
22,121
16,042
35,692
9,966
177,461
180,763
93,682
22,960
16,447
37,476
10,199
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington .
14,521
753,101
29,363
36,905
67,288
127,488
380,053
109,680
25,588
177,343
30,485
23,944
13,014
422,960
62,423
58,652
116,338
120,825
36,982
12,861
14,880
385,795
111,186
25,970
180,394
30,828
24,250
13,167
63,291
59,313
118,861
122,706
37,663
13,101
15,235
389,569
112,010
26,261
182,374
31,242
24,370
13,312
435,915
64,116
60,082
120,788
124,025
38,067
13,345
15,492
440,337
64,558
60,607
121,864
125,565
38,803
13,334
15,608
404,453
116,868
27,105
189,565
32,188
25,114
13,613
445,140
65,041
123,357
127,808
12,706
15,458
409,190
118,276
27,440
191,569
32,706
25,423
13,776
452,003
65,961
63,112
125,666
129,036
39,423
12,930
15,875
413,169
119,006
27,530
193,932
33,363
25,508
13,829
456,535
66,232
63,814
127,249
130,373
39,665
13,152
16,050
422,948
122,410
28,083
197,756
34,238
26,195
14,265
462,704
67,391
64,780
129,143
132,115
39,906
13,288
16,082
603,416
92,246
31,761
63,165
416,243
613,181
93,867
32,102
64,254
422,958
623,216
95,629
32,365
65,022
430,200
630,148
96,687
32,553
65,562
435,345
33,260
67,403
448,435
659,109
100,983
33,842
68,040
456,243
671,721
102,775
34,094
68,551
466,301
680,238
105,031
34,520
68,002
472,685
107,190
35,035
68,815
482,056
1.7
1.7
1.8
.9
1.7
1.9
1.8
.7
.8
2.2
2.2
1.2
-.8
1.4
1.9
2.1
1.5
1.2
2.0
183,516
95,758
23,111
16,584
37,888
10,175
187,099
97,504
23,563
16,810
190,028
99,179
23,798
17,011
39,601
10,439
192,116
100,466
23,897
17,199
40,059
10,495
196,070
102,643
24,281
17,280
41,118
10,748
199,311
104,519
24,624
17,527
41,783
10,858
203,066
106,742
25,064
17,732
42,545
10,982
206,008
108,705
25,227
18,085
42,882
11,109
209,743
110,973
25,425
18,385
43,693
11,267
1.7
1.8
1.4
1.4
1.6
1.0
1.9
2.1
1.8
1.2
1.8
1.1
1.4
1.8
.6
2.0
.8
1.2
1.8
2.1
.8
1.7
1.9
1.4
1,040,352 1,052,513 1,062,166 1,084,236 1,100,895 1,116,309 1,131,498 1,154,811 1,174,822 1,192,143 1,206,897 1,227,042
14,921
14,811
14,640
14,799
15,220
15,987
14,599
14,990
15,468
15,634
14,513
15,475
760,910 769,110 775,349 791,319 803,049 813,415 824,940 840,674 855,571 869,607 879,320 894,375
30,171
29,713
29,905
30,586
31,379
29,638
30,159
31,096
30,052
31,190
30,827
29,655
42,213
39,041
40,283
44,092
47,184
38,337
43,054
46,258
45,194
41,313
44,852
37,505
74,621
70,634
71,919
77,666
82,333
69,377
75,661
80,742
79,766
73,282
78,620
68,220
129,549 131,453 132,789 136,011 138,388 140,968 142,695 146,5721 149,483 150,911 153,847 155,784
1.7
1.6
1.8
.8
1.7
1.2
2.0
1.5
0
1.6
1.2
.8
1.5
1.0
1.2
1.0
1.1
-.3
2.4
1.2
1.9
1.7
2.3
1.7
.9
2.0
2.0
1.3
22,438
16,246
36,282
10,057
31,325
62,380
10,340
1. Percent changes are expressed at quarterly rates and are calculated from seasonally adjusted unrounded data,
„ SWnS^^^^
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
395,684
113,754
26,651
185,460
31,689
24,735
13,394
648,384
abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
^ r ^ p ' P e r s o n * .nco.0 by State and Regan, F,rst Cteter 1998" in m issue o,toeSURVEV 0F
D-22
• Regional Data
SURVEY OF CURRENT BUSINESS
August 1998
Table J.2.—Annual Personal Income and Disposable Personal Income for States and Regions
I
Disposable personal income
Personal income
Millions of dollars
Area name
1995
1996
Millions of dollars
Percent change •
1997
1995-96
1996-97
1995
1996
Percent change >
1997
1995-96
1996-97
6,137,878
6,480,031
6,851,080
5.6
5.7
5,343,659
5,594,105
5,863,470
4.7
4.8
369,201
106,506
24,963
172,103
29,492
23,543
12,595
387,775
111,658
26,118
181,393
31,061
24,325
13,222
410,952
118,574
27,422
192,847
32,891
25,436
13,783
5.0
4.8
4.6
5.4
5.3
3.3
5.0
6.0
6.2
5.0
6.3
5.9
4.6
4.2
314,558
89,242
22,096
145,200
26,203
20,685
11,132
326 329
92,137
22,957
151,037
27,343
21,240
11,617
342,388
96,782
23,917
158,997
28,659
22,017
12,016
3.7
3.2
3.9
4.0
4.3
2.7
4.4
4.9
5.0
4.2
5.3
4.8
3.7
3.4
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,199,406
18,776
18,010
133,562
238,527
505,371
285,160
1,257,869
20,100
18,428
140,048
250,179
529,904
299,211
1,321,696
21,232
18,964
147,577
262,960
557,759
313,204
4.9
7.0
2.3
4.9
4.9
4.9
4.9
5.1
5.6
2.9
5.4
5.1
5.3
4.7
1,028,840
16,093
15,393
114,434
204,777
429,079
249,064
1,070,096
17,074
15,748
119,119
212,327
446,280
259,549
1,115,016
17,873
16,066
124,230
220,828
466,370
269,650
4.0
6.1
2.3
4.1
3.7
4.0
4.2
4.2
4.7
2.0
4.3
4.0
4.5
3.9
Great Lakes
Illinois
Indiana
Michigan
Ohio .
Wisconsin
1,022,634
301,710
125,687
229,474
251,150
114,613
1,071,889
318,100
131,906
239,269
262,245
120,369
1,126,114
335,488
138,415
249,817
275,867
126,528
4.8
5.4
4.9
4.3
4.4
5.0
5.1
5.5
4.9
4.4
5.2
5.1
884,624
260,022
109,028
199,056
218,044
98,474
919,661
271,651
113,599
205,968
225,957
102,486
957,664
283,780
118,254
213,011
235,951
106,669
4.0
4.5
4.2
3.5
3.6
4.1
4.1
4.5
4.1
3.4
4.4
4.1
404,076
59,158
56,239
111,009
116,758
35,056
11,867
13,987
432,345
63,597
59,663
119,463
123,280
37,879
13,160
15,304
452,626
65,896
63,261
125,557
129,656
39,438
12,991
15,827
7.0
7.5
6.1
7.6
5.6
8.1
351,388
51,975
49,022
94,060
102,321
30,757
10,604
12,649
373,194
55,601
51,560
99,991
107,487
33,002
11,748
13,805
386,731
57,087
54,178
104,043
111,855
33,971
11,431
14,165
6.2
7.0
5.2
6.3
5.0
7.3
3.6
2.7
5.1
4.1
4.1
2.9
10.8
-2.7
9.4
4.7
3.6
6.0
5.1
5.2
4.1
-1.3
3.4
9.1
2.6
1,339,925
82,058
45,011
328,135
157,801
72,680
82,237
45,048
152,599
70,255
111,774
160,303
32,023
1,416,237
85,982
47,537
348,905
168,894
76,761
85,552
47,603
162,580
73,955
116,934
168,357
33,178
1,497,648
90,021
49,409
370,080
180,125
80,728
89,993
49,891
173,339
78,043
123,563
178,035
34,422
5.7
4.8
5.6
6.3
7.0
5.6
4.0
5.7
6.5
5.3
4.6
5.0
3.6
5.7
4.7
3.9
6.1
6.6
5.2
5.2
4.8
6.6
5.5
5.7
5.7
3.7
1,182,074
73,034
40,114
289,784
137,627
63,871
74,091
41,045
133,007
62,144
100,379
138,288
28,689
1,240,703
76,111
42,297
305,198
145,913
67,084
76,597
43,288
140,986
65,103
104,319
144,246
29,562
1,301,418
79,188
43,655
320,834
154,366
70,027
80,005
45,141
149,242
68,234
109,456
150,760
30,510
5.0
4.2
5.4
5.3
6.0
5.0
3.4
5.5
6.0
4.8
3.9
4.3
3.0
4.9
4.0
Southwest
Arizona
New Mexico
Oklahoma
Texas
580,261
87,527
30,768
61,331
400,635
617,490
94,607
32,195
64,501
426,187
663,799
101,869
33,881
68,185
459,864
6.4
8.1
4.6
5.2
6.4
7.5
7.7
5.2
5.7
7.9
518,110
76,896
27,494
54,397
359,322
546,973
82,521
28,639
56,818
378,994
583,474
88,115
29,971
59,729
405,659
5.6
7.3
4.2
4.5
5.5
6.7
6.8
4.7
5.1
7.0
Rocky Mountain
Colorado
Idaho
Montana
Utah .
Wyoming
176,451
91,734
22,364
16,160
36,165
10,027
188,190
98,227
23,592
16,901
39,108
10,362
200,636
105,300
24,783
17,616
42,072
10,865
6.7
7.1
5.5
4.6
8.1
3.3
6.6
7.2
5.0
4.2
7.6
4.9
152,757
78,794
19,585
14,262
31,238
8,877
161,495
83,492
20,546
14,797
33,541
9,119
170,582
88,562
21,406
15,348
35,767
9,499
5.7
6.0
4.9
3.8
7.4
2.7
5.6
6.1
4.2
3.7
6.6
4.2
1,045,924
14,568
764,617
29,592
37,947
68,880
130,320
1,108,234
14,880
808,180
30,072
41,716
73,871
139,516
1,177,608
15,419
857,355
30,892
44,924
79,120
149,899
6.0
2.1
5.7
1.6
9.9
7.2
7.1
6.3
3.6
6.1
2.7
7.7
7.1
7.4
911,309
12,660
665,792
25,916
32,866
58,952
115,124
955,654
12,848
695,973
26,119
35,734
62,781
122,199
1,006,197
13,226
731,649
26,736
38,135
66,547
129,904
4.9
1.5
4.5
.8
8.7
6.5
6.1
5.3
2.9
5.1
2.4
6.7
6.0
6.3
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
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
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1. Percent changes are calculated from unrounded data.
NOTE.—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
10.9
3.2
5.1
5.8
4.4
4.4
4.3
5.9
4.8
4.9
4.5
3.2
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can
also differ from the NIPA estimate because of different data sources and revision schedules.
Source: Tables 1 and 2 in "Personal, Income and Per Capita Personal Income by State and
Region, 1997" in the May 1998 issue of the SURVEY.
Regional Data •
SURVEY OF CURRENT BUSINESS
August 1998
Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions, 1995-97
Per capita personal income'
Dollars
Area name
1995
United States ...
Per capita disposable personal income'
Rank in U.S.
1996
1997
1997
Dollars
1995
1996
Rank in U.S.
1997
23,359
24,436
25,598
20,337
21,096
27,800
1997
21,908
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
32,603
20,227
28,397
25,726
23,783
21,609
29,099
34,174
21,087
29,808
26,772
24,613
22,545
30,717
36,263
22,078
31,524
28,047
25,760
23,401
23,686
27,318
17,904
23,958
22,857
20,897
19,099
24,488
28,200
18,535
24,820
23,567
21,492
19,808
25,592
29,598
19,256
25,990
24,438
22,29"
20,401
1
36
3
5
16
29
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
26,235
32,609
26,567
29,982
27,850
23,673
28,267
27,782
34,172
27,676
31,265
29,221
24,851
29,658
29,022
35,852
28,969
32,654
30,752
26,058
23,150
22,486
27,871
22,762
25,739
23,646
20,676
24,048
23,600
29,202
23,540
26,535
24,610
21,557
25,020
24,430
30,372
24,386
27,422
25,713
22,434
7
2
4
14
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
23,518
25,580
21,716
23,767
22,560
22,416
24,521
22,633
24,588
23,493
23,390
25,658
28,202
23,604
25,560
24,661
24,475
20,344
22,046
18,837
20,616
19,586
19,259
21,038
22,933
19,492
21,166
20,242
19,915
21,820
23,855
20,166
21,794
21,093
20,634
31
19
21
25
23,410
22,330
23,133
25,699
22,984
22,975
20,479
20,749
24,373
23,102
24,379
26,797
24,001
23,803
20,271
21,447
19,145
18,298
19,077
20,418
19,216
18,797
16,534
17,211
20,207
19,522
19,991
21,510
20,040
20,017
18,282
18,717
20,825
20,014
20,879
22,205
20,706
20,503
17,837
19,195
33
22
17
24
28
43
37
22,025
20,056
18,967
24,198
23,028
19,773
19,709
17,561
22,244
17,136
16,170
20,434
19,135
16,563
17,117
15,255
18,507
16,871
19,173
20,949
15,746
19,296
17,753
16,876
21,167
19,895
17,280
17,646
15,969
17,516
19,655
21,639
16,239
19,998
18,334
17,304
21,894
20,620
17,918
18,384
16,532
20,099
18,147
20,390
22,388
16,803
39
48
18
26
42
38
50
32
40
30
15
49
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
22,015
20,826
21,886
24,097
21,927
21,424
18,504
19,032
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
19,254
18,144
23,139
21,940
18,847
18,999
16,743
21,233
19,073
21,350
24,284
17,576
22,032
25,255
18,225
23,014
20,842
19,585
25,255
24,061
20,657
20,680
18,272
23,345
20,755
23,018
26,438
18,957
Southwest
Arizona
New Mexico
Oklahoma
Texas
20,721
20,316
18,246
18,748
21,381
21,642
21,335
18,814
19,574
22,324
22,857
22,364
19,587
20,556
23,656
18,502
17,849
16,305
16,628
19,177
19,170
18,609
16,736
17,242
19,852
20,091
19,345
17,327
18,006
20,868
35
47
41
23
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
21,445
24,517
19,199
18,602
18,317
20,954
22,462
25,740
19,865
19,278
19,384
21,587
23,547
27,051
20,478
20,046
20,432
22,648
18,565
21,059
16,813
16,417
15,822
18,551
19,276
21,878
17,301
16,878
16,625
18,997
20,020
22,751
17,687
17,465
17,370
19,801
10
44
45
46
34
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
24,073
24,214
24,229
25,103
24,809
21,915
23,974
25,209
24,597
25,368
25,421
26,059
23,111
25,277
26,407
25,305
26,570
26,034
26,791
24,393
26,718
20,975
21,042
21,097
21,984
21,487
18,757
21,178
21,738
21,237
21,846
22,079
22,323
19,642
22,139
22,563
21,707
22,674
22,531
22,742
20,517
23,154
21,094
1. Per capita personal income and per capita disposable personal income were computed using
midyear population estimates from the Bureau of the Census.
NOTE.—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 per-
20
12
13
11
27
sonal income because, by definition, it omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can
also differ from the NIPA estimate because of different data sources and revision schedules.
Source: Tables 1 and 2 in "Personal Income and Per Capita Personal Income by State and
Region, 1997" in the May 1998 issue of the SURVEY.
D-23
D-24
• Regional Data
SURVEY OF CURRENT BUSINESS
August 1998
Table JA—Gross State Product for States and Regions by Industry, 1996
[Millions of dollars]
State and region
Rank of
total gross
state
product
Total
oss sta
' product
Agriculture,
forestry,
and fishing
Construction
Mining
Manufacturing
Transportation and Wholesale
public
trade
utilities
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
7,631,022
129,842
113,631
306,052
1,332,093
648,280
516,777
667,903
1,445,535
1,539,525
931,384
,
435,880
124,046
28,894
208,591
34,108
25,629
14,611
3,409
893
513
1,212
252
208
332
292
52
15
130
31
19
46
14,686
4,055
1,297
6,606
1,198
895
635
72,794
20,712
5,333
32,265
7,557
4,282
2,645
28,636
7,698
2,151
13,128
2,590
1,835
1,234
29,226
8,229
1,723
14,845
2,113
1,426
890
35,538
9,211
3,197
16,373
3,098
2,242
1,416
107,237
35,041
5,340
50,880
7,566
5,802
2,607
101,792
27,029
5,410
53,879
6,617
5,814
3,043
42,271
11,126
3,915
19,273
3,088
3,106
1,762
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
1,440,922
28,331
51,197
143,190
276,377
613,287
328,540
9,244
290
14
1,338
1,524
2,780
3,298
2,464
6
12
100
128
471
1,748
48,440
970
442
7,216
9,675
17,629
12,509
197,808
5,993
1,285
12,317
37,985
72,154
68,074
121,614
1,509
2,769
11,307
27,540
49,518
28,971
92,909
1,124
580
9,046
25,132
37,741
19,286
106,168
1,698
1,369
12,514
20,221
42,056
28,310
358,390
10,026
8,863
30,573
64,187
182,389
62,352
324,047
4,042
16,684
33,229
60,211
140,228
69,654
179,839
2,673
19,180
25,552
29,773
68,323
34,338
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,233,424
370,778
155,797
263,336
304,353
139,160
16,660
5,052
2,735
2,526
3,331
3,016
4,670
1,282
715
1,173
1,134
365
50,574
15,476
7,228
10,131
11,753
5,986
313,739
71,444
49,338
71,683
38,605
97,437
34,029
12,578
17,509
23,506
9,816
87,053
28,507
9,382
18,874
21,535
8,756
107,524
29,877
14,212
23,420
27,984
12,030
201,866
71,023
20,426
41,538
46,511
22,367
226,610
76,832
23,893
48,791
53,989
23,105
127,292
37,257
15,289
27,691
31,941
15,114
Kansas
Minnesota
Missouri
Nebraska
North Dakota..,
South Dakota ..
514,201
76,315
68,014
141,573
145,123
47,187
15,701
20,289
23,553
5,771
2,986
4,174
2,621
4,330
1,668
2,003
3,406
177
983
877
522
114
482
251
22,473
3,138
2,838
6,195
6,697
2,097
764
745
99,777
18,292
12,451
27,115
31,122
6,662
1,184
2,951
47,400
6,123
7,340
10,876
14,920
4,853
1,695
1,591
39,066
5,213
5,311
11,776
10,659
3,495
1,377
1,236
45,461
6,296
6,540
12,275
13,223
3,906
1,427
1,795
79,404
10,915
8,608
25,352
21,345
7,007
1,989
4,188
92,293
11,655
11,360
27,558
27,768
8,055
2,741
3,156
61,367
8,735
9,597
15,374
16,246
6,669
2,374
2,373
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina .
South Carolina
Tennessee
Virginia
West Virginia...
1,674,519
99,190
56,417
360,496
216,033
95,410
121,143
56,406
204,229
89,476
140,750
197,809
37,160
30,754
2,016
2,886
6,520
3,801
2,438
1,488
1,798
4,757
1,208
1,651
1,952
240
29,524
1,474
570
787
906
2,448
17,973
507
259
223
399
997
2,980
71,440
4,144
2,240
17,031
8,356
3,752
5,086
2,192
8,563
4,195
5,527
8,635
1,720
315,211
22,131
13,898
29,286
39,079
26,833
22,989
13,208
55,075
23,768
32,244
29,986
6,716
152,763
9,301
6,163
32,296
24,166
7,933
10,690
6,003
16,135
7,107
11,076
17,021
4,873
111,941
6,259
3,469
26,417
18,940
5,565
6,451
3,150
13,094
5,172
10,396
11,068
1,960
161,015
9,781
5,729
40,362
19,333
8,472
9,502
5,630
18,242
9,180
15,368
16,168
3,248
265,718
12,694
6,453
78,695
35,515
10,733
14,709
6,474
29,719
11,861
19,450
35,268
4,147
308,111
15,996
8,344
84,406
38,919
14,293
19,054
9,032
31,418
13,505
27,633
39,364
6,147
228,041
15,395
6,664
44,696
27,019
12,944
13,201
8,410
26,968
13,258
17,005
37,351
5,129
Southwest
Arizona
New Mexico ....
Oklahoma
Texas
778,815
111,520
42,698
72,767
551,830
11,565
1,899
808
1,531
7,327
49,688
1,480
3,050
3,879
41,278
34,892
6,442
1,979
2,332
24,138
125,482
16,143
7,027
12,587
89,725
77,631
8,644
3,262
7,289
58,436
53,480
6,997
1,823
4,421
40,239
70,763
11,743
3,800
7,267
47,953
115,141
21,120
5,937
9,064
79,020
141,929
22,546
7,468
12,634
99,282
98,243
14,505
7,545
11,762
64,431
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
229,833
116,227
27,898
18,509
50,352
16,847
5,684
2,053
1,744
943
583
361
9,956
1,936
174
903
1,620
5,323
12,246
6,219
1,653
893
2,858
622
29,427
14,226
5,754
1,430
7,051
967
24,530
12,957
2,442
2,331
4,400
2,400
13,873
7,355
1,689
1,192
3,094
543
22,154
11,274
2,774
1,839
5,167
1,101
35,767
19,815
3,431
2,473
8,304
1,744
44,767
25,161
4,548
3,557
9,892
1,610
31,430
15,231
3,691
2,948
7,383
2,177
1,323,429
24,161
962,696
36,317
53,687
86,967
159,602
28,973
355
20,564
445
406
2,590
4,612
13,631
5,424
5,776
28
1,969
104
332
51,301
983
31,656
1,753
4,495
4,731
7,683
177,855
1,161
134,179
1,123
2,589
17,868
20,934
3,770
67,135
3,732
4,146
6,711
12,775
89,229
710
65,857
1,446
2,478
6,937
11,802
119,281
1,576
85,443
4,192
5,053
7,586
15,432
282,013
2,584
218,439
7,768
9,877
14,140
29,205
299,977
2,871
222,748
8,077
17,336
15,939
33,006
162,901
4,728
110,900
7,752
5,339
10,361
23,823
United States'
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains
Iowa
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1. The GSP estimates for transportation and public utilities and for finance, insurance, and real estate differ from
BEA's November 1997 estimates of gross product originating (GPO) for the Nation for these industries because
of the incorporation of source data that were not available when the GPO estimates were published.
NOTE.—Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy. In addition, GSP excludes and GDP includes the compensation of Federal civilian and military
personnel stationed abroad and government consumption of fixed capital for military structures located abroad and
for military equipment, except office equipment. Also, GSP and GDP have different revision schedules,
Source: Tables 6 and 7 in "Gross State Product by Industry, 1977-96" in the June 1998 issue of the SURVEY
OF CURRENT BUSINESS.
Regional Data •
SURVEY OF CURRENT BUSINESS
August 1998
D-25
K. Local Area Table.
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1994-96
Per capita personal income 3
Personal income
Area name
Millions of dollars
1994
United States 1
Metropolitan portion
Nonmetropolitan portion
1995
1996
Percent
change 2
1995-96
Rank in
U.S.
Dollars
1994
1995
1996
222,978
42,644
68,194
106,085
56,092
132,28/
98,542
238,05c
45,357
72,54v
114,31
60,771
141,282
105,835
250,787
47,786
75,71
122,834
65,084
147,044
112,597
5.3
5.4
4.4
7.5
7.1
4.1
6.4
5.2
29.97C
52,53'
39,61!
25,58' 26,989 28,412
22,508 24,000 25,342
22,283 23,518 24,2&
203,046
87,159
217,884
93,546
7.3
7.3
28,990 30,989 32,932
25,28^ 26,716 28,26$
195,280
205,68"
215,836
4.9
27,766 29,018 30,204
Abilene, TX
Akron, OH*
Albany, GA
Albany-Schenectady-Troy, NY
Albuquerque, NM
Alexandria, LA
Allentown-Bethlehem-Easton, PA ...
Altoona, PA
Amarillo, TX
Anchorage, AK
2,16
14,721
2,066
20,327
13,132
2,303
13,828
2,391
3,930
6,90^
2,333
15,812
2,18;
21,010
14,255
2,413
14,551
2,488
4,211
7,057
2,452
16,562
2,305
21,708
14,943
2,477
15,228
2,616
4,377
7,209
5.1
4.7
5.4
3.3
4.8
2.7
4.7
5.1
4.0
2.2
17,8221,873
17,768
23,069
20,331
18,294
22,649
18,079
19,776
27,471
19,057
23,386
18,790
23,850
21,598
19,048
23,804
18,849
20,610
28,129
Ann Arbor, Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asheville, NC
Athens, GA
Atlanta, GA
Atlantic-Cape May, NJ*
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
Bakersfield, CA
13,561
1,921
7,201
4,119
2,424
81,442
8,582
8,442
20,642
10,255
14,687
2,034
7,730
4,430
2,623
89,020
9,060
8,868
22,704
10,671
15,464
2,107
8,158
4,706
2,802
96,193
9,413
9,134
11,073
5.3
3.6
5.5
6.2
6.8
8.1
3.9
3.0
8.5
3.8
26,441
16,553
21,704
20,205
18,187
24,451
26,067
18,848
21,350
16,790
28,165
17,439
23,026
21,40^
19,487
25,938
27,360
19,604
22,615
17,335
Baltimore, MD*
Bangor, ME (NECMA)
Barnstable-Yarmouth, MA
(NECMA)
Baton Rouge, LA
Beaumont-Port Arthur, TX
Bellingham, WA
Benton Harbor, Ml
Bergen-Passaic, NJ*
Billings, MT
Biloxi-Gulfport-Pascagoula, MS
59,932
2,615
62,952
2,706
65,994
2,805
4.8
3.7
24,429 25,558 26,731
17,909 18,728 19,495
5,115
11,251
6,996
2,760
3,234
42,747
2,510
5,814
5,515
11,880
7,354
2,956
3,422
44,777
2,674
6,061
5,870
12,404
7,598
3,170
3,523
46,943
2,791
6,291
6.4
4.4
3.3
7.2
3.0
4.8
4.4
3.8
26,188
20,176
18,729
18,938
20,063
32,518
20,468
17,259
27,700
21,135
19,621
19,828
21,168
33,920
21,482
17,775
590,202
626,53$
659,399
152,556
44,697
35,322
161,128
48,636
37,783
169,7V
188,81
81,292
5.0
5.6
4.6
Metropolitan Statistical Areas 4
24,632
20,198
24,37"
19,688
24,695
22,353
19,656
24,866
19,91
21,215
28,908
29,137
18,082
24,030
22,454
20,463
27,241
28,266
20,161
23,669
17,810
228
90
247
82
146
249
77
239
187
28
25
290
98
142
218
37
31
230
109
295
44
261
26
164
225
203
166
5
153
287
180
94
185
251
Binghamton, NY
Birmingham, AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal, IL
Boise City, ID
Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA)
Boulder-Longmont, CO*
Brazoria, TX*
Bremerton, WA*
5,152
19,172
1,710
2,037
3,067
7,804
5,255
20,521
1,816
2,154
3,226
8,555
5,403
21,659
1,914
2,277
3,420
8,983
2.8
5.5
5.4
5.7
6.0
5.0
19,680
21,787
19,440
17,933
22,483
22,408
20,403
23,101
20,386
18,687
23,271
23,693
29,009
21,910
20,292
20,827
21,861
35,371
22,235
18,440
21,274
24,227
21,227
19,646
24,504
24,096
154,929
6,705
3,990
4,330
166,492
7,217
4,235
4,560
175,769
7,705
4,498
4,812
5.6
6.8
6.2
5.5
27,095
26,897
18,798
20,024
28,925
28,448
19,631
20,193
30,366
29,914
20,405
20,815
16
19
221
204
Brownsville-Harlingen-San Benito,
TX
Bryan-College Station, TX
Buffalo-Niagara Falls, NY
Burlington, VT (NECMA)
Canton-Massillon, OH
Casper, WY
Cedar Rapids, IA
Champaign-Urbana, IL
Charleston-North Charleston, SC ...
Charleston, WV
3,505
1,986
25,457
4,035
8,
1,468
4,105
3,238
9,195
5,465
3,684
2,083
26,750
4,369
8,558
1,578
4,354
3,405
9,501
5,653
3,911
2,202
27,677
4,632
8,890
1,620
4,592
3,580
9,889
5,889
6.1
5.7
3.5
6.0
3.9
2.6
5.5
5.1
4.1
4.2
11,734
15,207
21,464
21,673
20,133
23,008
23,237
19,495
17,709
21,513
12,029
15,862
22,659
23,279
21,278
24,733
24,323
20,400
18,643
22,225
12,461
16,748
23,588
24,445
22,077
25,454
25,521
21,312
19,678
23,149
313
306
114
88
157
62
61
178
248
124
28,714
3,354
8,
1,604
205,523
3,349
36,190
2,851
31,350
3,607
9,538
1,685
219,619
3,482
38,440
3,091
33,556
3,826
10,009
1,729
231,378
7.0
6.1
4.9
2.6
5.4
5.8
5.3
6.3
22,819
23,926
20,357
20,588
26,897
17,453
22,925
15,486
24,350
25,338
21,571
21,518
28,587
18,040
24,216
6,465
25,446
26,461
22,517
21,974
29,948
19,084
25,359
16,933
63
49
138
159
18
276
65
304
Charlotte-Gastonia-Rock Hill, NCSC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago, IL*
Chico-Paradise, CA
Cincinnati, OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
See footnotes at the end of the table.
3,682
40,465
3,287
1995
1996
53,474
9,005
56,730
9,812
59,15
10,544
2,457
9,846
4,827
32,316
6,526
1,680
74,328
1,862
2,655
10,556
5,098
34,293
6,866
1,739
80,498
1,947
7,332
20,870
Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*
Dothan, AL
Dover, DE
Dubuque, IA
Duluth-Supenor, MN-WI
31,732 33,302
5.3
8.0
4.9
New York-No. New Jersey-Long Island, NY-NJ-CT-PA
Philadelphia-Wilmington-Atlantic
City, PA-NJ-DE-MD
Portland-Salem, OR-WA
Sacramento-Yolo, CA
San Francisco-Oakland-San Jose,
CA
Seattle-Tacoma-Bremerton, WA
Washington-Baltimore, DC-MD-VAWV
378,292
84.66C
44,087
1994
Dayton-Springfield, OH
23,533 24,522
23,294 24,341
25,768 26,923
360.32S
80,18
42,156
Millions of dollars
Columbia, MO
Columbia, SC
Columbus, GA-AL
Columbus, OH
Corpus Christi, TX
Cumberland, MD-WV
Dallas TX*
Danville, VA
Davenport-Moline-Rock Island, IA-
26,24! 27,866 29,195
22,51 23,787 24,901
23,485 24,95/ 26,025
24,294 25,663 26,906
25,657 27,262 28,650
24,802 26,264 27,113
24,046 25,424 26,556
22,41
22,15C
24,26£
341,769
75,283
39,656
Percent
change 2
Cleveland-Lorain-Elyria, OH*
Colorado Springs, CO
Consolidated Metropolitan
Statistical Areas
Chicago-Gary-Kenosha, IL-IN-WI ...
Cincinnati-Hamilton, OH-KY-IN
Cleveland-Akron, OH
Dallas-Fort Worth, TX
Denver-Boulder-Greeley, CO
Detroit-Ann Arbor-Flint, Ml
Houston-Galveston-Brazoria, TX ....
Los Angeles-Riverside-Orange
County, CA
Miami-Fort Lauderdale, FL
Milwaukee-Racine, Wl
Area name
7,903
2,626
2,438
46,819
10,016
109,265
2,364
2,162
1,770
4,539
1995-96
Rank in
U.S.
Dollars
1994
1995
1996
1996
23,97 25,43
19,872 21,11
26,52
22,32
46
148
2,824
11,212
5,398
35,966
7,285
1,807
86,785
2,005
4.3
7.5
6.4
6.2
5.9
4.9
6.1
3.9
7.8
3.0
20,286
20,332
17,665
22,738
17,387
16,637
25,596
16,970
22,42
22,52
19,89
24,86
19,03
18,05
28,513
18,404
144
137
243
78
277
292
29
288
7,729
22,184
8,122
23,017
5.1
3.8
20,543 21,63 22,746
21,885 23,292 24,239
132
93
8,460
2,788
2,546
50,815
10,669
116,667
2,508
2,318
1,866
4,775
8,959
2,911
2,719
54,449
11,339
121,458
2,579
2,481
1,952
5,024
17,892
18,998
20,902
26,119
23,996
24,897
17,669
18,123
20,088
18,863
18,783
19,984
21,905
27,810
25,246
26,373
18,707
19,155
21,139
20,068
19,565
20,706
23,582
29,234
26,557
27,250
19,334
20,374
22,096
21,141
255
210
116
24
45
36
268
223
156
191
6,133
2,587
9,004
3,632
1,769
1,071
5,541
5,782
6,146
3,179
6,479
2,768
9,491
3,823
1,848
1,110
5,758
6,217
6,384
3,373
6,823
2,921
9,919
3,958
1,933
1,161
5,989
6,601
6,748
3,680
23,519
18,271
13,536
22,170
18,749
18,897
19,775
19,351
21,478
19,654
24,790
19,468
14,026
22,948
19,630
19,419
20,552
20,520
22,247
20,622
25,946
20,452
14,480
23,449
20,651
20,417
21,389
21,534
23,430
22,335
55
219
312
118
212
220
176
172
119
147
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR
Flagstaff, AZ-UT
Flint, Ml*
Florence, AL
Florence, SC
Fort Collins-Loveland, CO
Fort Lauderdale, FL*
Fort Myers-Cape Coral, FL
Fort Pierce-Port St. Lucie, FL
4,892
4,711
1,829
9,461
2,401
2,194
4,449
34,500
8,340
6,428
5,251
5,124
1,965
9,929
2,567
2,303
4,855
36,990
8,966
6,868
5,549
5,449
2,105
10,121
2,668
2,441
5,280
39,081
9,578
7,321
17,261
19,346
16,049
21,892
17,744
18,136
20,959
24,883
22,706
23,110
18,468
20,217
16,885
22,875
18,884
18,808
22,378
26,167
23,903
24,281
19,556
20,856
17,847
23,240
19,508
19,808
23,841
27,129
25,144
25,269
Fort Smith, AR-OK
Fort Walton Beach, FL
Fort Wayne, IN ...
Fort Worth-Arlington, TX*
Fresno, CA
Gadsden, AL
Gainesville, FL ....
Galveston-Texas City, TX*
Gary, IN*
Glens Falls, NY ..
3,249
3,071
10,391
31,757
14,666
1,743
3,681
4,759
12,795
2,242
3,449
3,211
11,017
33,817
15,260
1,834
3,936
5,046
13,435
2,347
3,599
3,514
11,513
36,048
16,097
1,867
4,140
5,322
14,151
2,436
17,576
19,109
22,205
21,710
17,526
17,096
19,039
20,270
20,725
18,418
18,311
19,666
23,400
22,711
18,043
17,978
20,131
21,256
21,676
19,181
18,841
21,218
24,281
23,690
18,727
18,248
20,968
22,154
22,783
19,902
1,751
1,793
1,889
1,881
1,880
2,016
1,990
2,026
2,145
5.9
4.4
6.8
7.2
6.3
4.1
2.8
7.0
4.6
5.2
5.3
5.5
4.5
3.5
4.6
4.6
4.0
6.2
5.7
9.1
5.7
6.3
7.1
1.9
3.9
6.0
8.8
5.7
6.8
6.6
4.3
9.4
4.5
6.6
5.5
1.8
5.2
5.5
5.3
3.8
5.8
7.8
6.4
16,111 17,004 17,798
17,206 18,081 19,583
18,257 18,999 19,806
256
202
294
123
259
245
103
40
71
68
281
186
92
106
284
289
200
155
130
242
296
254
246
21,577
1,524
2,568
4,645
23,213
1,627
2,739
4,984
24,508
1,701
2,931
5,234
5.6
4.5
7.0
5.0
21,807
18,803
17,776
22,421
24,139
21,051
19,328
24,638
95
195
269
83
24,599
2,165
26,488
2,342
28,025
2,478
5.8
5.8
22,212 23,578 24,597
18,671 19,877 20,800
84
205
19,233 20,511 21,267
182
240
134
74
15
300
197
41
299
39
293
1996
22,186 23,359 24,436
23,494 24,794 25,926
16,999 17,675 18,530
5,774,871 6,137,878 6,480,031
4,883,837 5,201,691 5,490,33a
891,038 936,187
Per capita personal income 3
Personal income
Dutchess County, NY*
Eau Claire, Wl
El Paso, TX
Elkhart-Goshen, IN
Elmira, NY
Enid, OK
Erie, PA .
Eugene-Springfield, OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
Goldsboro, NC ....
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Muskegon-Holland,
Great Fai[s,"MT""!."!!.'."!."!!!"!!!!.'."!!!."."
Greeley, CO*
Green Bay, Wl
Greensboro-Winston-Salem-High
Point, NC
Greenville, NC
Greenville-Spartanburg-Anderson,
SC
16,753
18,099
19,030
Hagerstown, MD*
Hamilton-Middletown, OH*
Harrisburg-Lebanon-Carlisle, PA ....
Hartford, CT (NECMA)
Hattiesburg, MS
Hickory-Morganton-Lenoir, NC
Honolulu, HI
Houma, LA
Houston, TX*
Huntington-Ashland, WV-KY-OH ....
2,303
6,454
13,782
31,062
1,646
5,988
22,372
2,952
89,794
5,330
2,427
6,917
14,551
32,492
1,775
6,291
23,200
3,110
96,557
5,499
2,535
7,321
15,343
33,713
1,876
6,598
23,507
3,310
102,778
5,663
Huntsville, AL
Indianapolis, IN
Iowa City IA .
Jackson, Ml
Jackson, MS
Jackson, TN
Jacksonville, FL
Jacksonville, NC
Jamestown, NY
Janesville-Beloit, Wl
6,799
34,870
2,200
2,890
8,000
1,841
20,826
2,027
2,494
3,038
7,172
36,666
2,278
3,073
8,655
1,979
22,486
2,152
2,568
3,288
7,456
38,557
2,406
3,188
9,105
2,068
24,041
2,313
2,652
3,402
Jersey City, NJ*
Johnson City-Kingsport-Bristol, TN-
12,244
12,879
13,433
5.1
4.5
5.8
5.4
3.8
5.7
4.9
1.3
6.4
6.4
3.0
4.0
5.2
5.6
3.8
5.2
4.5
6.9
7.4
3.3
3.5
4.3
7,943
4,211
8,499
4,394
8,902
4,569
4.7
4.0
Johnstown, PA
I.."!....!....!."""
21,50
21,51
18,77
23,91
18,12
17,24
27,14
17,80
23,158
20,120
18,475
23,706
18,255
20,438
22,635
27,916
15,912
19,574
25,768
15,781
24,593
16,852
19,119
21,652
23,816
29,322
16,763
20,280
26,693
16,541
26,028
17,385
19,917
22,640
25,002
30,473
17,386
20,988
27,040
17,476
27,195
17,922
20,769
23,915
21,903
18,967
9,440
19,191
21,452
4,194
7,598
20,808
21,884
24,884
22,495
20,025
20,831
20,355
22,828
15,118
18,175
22,184
22,595
25,898
23,687
20,644
21,592
21,029
23,679
16,184
18,793
22,685
22,305 23,465 24,456
135
56
107
213
169
196
108
308
282
133
87
8,742 19,482
8,291 19,105
264
274
7,671
7,511
D-26
• Regional Data
August 1998
SURVEY OF CURRENT BUSINESS
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1994-96—Continued
Per capita personal income 3
Personal income
Area name
Percent
change 2
Millions of dollars
1994
1995
1996
Jonesboro, AR
Joplin, MO
Kalamazoo-Battle Creek, Ml
Kankakee, IL*
Kansas City, MO-KS
Kenosha, Wl*
Killeen-Temple, TX
1,219
2,554
9,241
1,898
38,562
2,761
4,555
1,337
2,754
9,771
2,040
41,353
2,964
4,875
1,415
2,942
10,204
2,159
43,810
3,098
5,114
Knoxville, TN
Kokomo, IN
La Crosse, WI-MN
Lafayette, LA
Lafayette IN
Lake Charles, LA
Lakeland-Winter Haven, FL
Lancaster, PA
Lansing-East Lansing, Ml
Laredo, TX
12,954
2,223
2,448
6,143
3,201
3,184
7,756
9,804
9,213
1,930
13,906
2,418
2,554
6,481
3,343
3,390
8,278
10,287
9,697
2,007
14,420
2,512
2,705
6,916
3,531
3,577
8,797
10,870
10,092
2,160
Las Cruces, NM
Las Vegas, NV-AZ
Lawrence, KS
Lawton, OK
Lewiston-Auburn, ME (NECMA) ....
Lexington, KY
Lima, OH
Lincoln NE
Little Rock-North Little Rock, AR ..
Longview-Marshall, TX
2,136
23,990
1,511
1,814
1,931
9,063
2,993
4,817
11,025
3,668
2,295
26,739
1,627
1,904
1,992
9,805
3,122
5,136
11,850
3,886
2,383
29,588
1,717
1,965
2,071
10,522
3,222
5,451
12,531
4,114
Los Angeles-Long Beach, CA*
Louisville, KY-IN
Lubbock, TX
Lynchburg, VA
Macon, GA
Madison, Wl
Mansfield, OH
McAllen-Edinburg-Mission, TX
Medford-Ashland, OR
Melbourne-Titusville-Palm Bay, FL
204,873
21,942
4,373
3,942
5,755
9,797
3,214
4,954
3,150
8,961
216,269
23,298
4,586
4,133
6,127
10,510
3,379
5,303
3,392
9,412
226,592
24,487
4,874
4,309
6,487
11,080
3,517
5,680
3,605
9,836
Memphis, TN-AR-MS
Merced, CA
Miami, FL*
Middlesex-Somerset-Hunterdon,
NJ*
Milwaukee-Waukesha, Wl*
Minneapolis-St. Paul, MN-WI
Mobile AL
Modesto, CA
Monmouth-Ocean, NJ*
Monroe, LA
23,677
3,068
40,783
25,603
2,999
43,190
26,826
3,294
45,579
33,091
35,578
70,644
9,038
7,149
28,071
2,537
35,459
37,815
75,469
9,608
7,404
29,758
2,728
37,473
39,526
80,878
10,156
7,884
31,199
2,881
Montgomery, AL
Muncie, IN
Myrtle Beach, SC
Naples FL
Nashville, TN
Nassau-Suffolk, NY*
New Haven-Bridgeport-StamfordDanbury-Waterbury, CT*
New London-Norwich, CT
(NECMA)
New Orleans, LA
New York, NY*
6,217
2,311
2,800
5,820
25,676
82,459
6,620
2,411
3,092
6,073
27,852
85,472
55,291
6,289
26,769
253,351
Newark, NJ*
Newburgh, NY-PA*
Norfolk-Virginia Beach-Newport
News, VA-NC
Oakland, CA*
Ocala, FL
Odessa-Midland, TX
Oklahoma City, OK
Olympia, WA*
Omaha, NE-IA
Orange County, CA*
Orlando, FL
Owensboro, KY
Panama City, FL
Parkersburg-Marietta, WV-OH
Pensacola, FL
Peoria-Pekin, IL
Philadelphia, PA-NJ*
Phoenix-Mesa, AZ
Pine Bluff, AR
Pittsburgh, PA
Pittsfield, MA (NECMA)
Pocatello, ID
Portland, ME (NECMA)
Portland-Vancouver, OR-WA*
Providence-Warwick-Pawtucket, Rl
(NECMA)
Provo-Orem, UT
Pueblo, CO
Punta Gorda, FL
Racine, Wl*
1995-96
Rank in
U.S.
Dollars
1994
1995
1996
24,706
19,147
17,090
20,385
23,929
20,727
23,591
22,882
19,950
4.8 22,584 23,885 24,945
5.1 22,418 23,666 24,764
6.3 19,000 19,824 21,065
4.3 19,435 20,256 20,962
5.9 18,771 19,853 20,791
5.4 25,161 26,798 28,087
4.1 18,340 19,275 20,067
7.1 10,680 11,032 11,478
6.3 19,447 20,502 21,410
4.5 20,245 20,922 21,640
4.8 22,492 24,048 24,945
9.8 15,641 15,505 17,064
5.5 20,268 21,292 22,370
75
79
193
201
206
32
236
315
175
168
75
303
145
31,051
24,510
26,246
17,664
17,602
27,162
17,398
32,928
26,040
27,682
18,627
18,037
28,359
18,619
34,366
27,202
29,299
19,508
18,953
29,343
19,621
6,956
2,491
3,318
6,577
29,266
89,919
5.7
4.5
7.2
5.7
6.5
4.8
5.6
5.1
3.3
7.3
8.3
5.1
5.2
19,989
19,435
18,407
32,737
24,040
31,187
21,088
20,304
19,626
33,204
25,507
32,237
21,973
21,063
20,271
34,830
26,262
33,837
7
38
23
259
279
22
252
161
194
226
6
51
10
59,964
63,249
5.5
34,063 36,964 38,962
2
6,643
28,209
270,487
6,927
29,021
285,207
24,956 26,228 27,385
20,474 21,527 22,179
29,498 31,474 33,177
59,212
7,383
62,635
7,739
65,787
8,069
4.3
2.9
5.4
5.0
4.3
30,675 32,401 33,952
20,814 21,583 22,279
34
154
11
9
150
29,902
59,219
3,830
4,840
19,537
3,984
14,997
67,828
31,397
62,872
4,114
5,121
20,515
4,253
16,094
71,734
32,726
66,728
4,392
5,392
21,620
4,538
17,206
75,793
4.2
6.1
6.8
5.3
5.4
6.7
6.9
5.7
19,616
26,910
17,460
20,520
19,429
21,279
22,641
26,534
20,507
28,405
18,217
21,607
20,244
22,114
24,021
27,735
21,311
29,842
18,975
22,493
21,148
23,068
25,291
28,936
179
20
278
140
190
127
67
27
27,897
1,671
2,488
2,867
6,521
7,451
126,715
53,320
1,327
54,830
29,832
1,747
2,563
2,992
6,913
7,776
133,692
58,994
1,397
57,665
31,987
1,824
2,819
3,114
7,409
8,207
140,791
64,359
1,456
60,194
7.2
4.4
20,455
18,552
17,832
18,925
17,568
21,670
25,588
20,911
15,763
22,880
21,437
19,301
18,060
19,740
18,282
22,486
26,993
22,166
16,732
24,167
22,425
20,104
19,487
20,581
19,146
23,701
28,447
23,377
17,567
25,359
3,146
1,186
5,945
39,034
3,329
1,261
6,291
42,504
3,470
1,326
6,614
45,997
4.2 23,203
5.1 16,476
5.1 24,059
8.2 23,252
24,635
17,269
25,391
24,809
25,759
18,073
26,479
26,228
143
233
262
215
273
105
30
121
298
65
59
291
47
53
20,364
4,305
2,209
2,456
4,077
21,480
4,772
2,416
2,645
4,341
22,173
5,156
2,520
2,827
4,561
3.2
8.0
4.3
6.9
5.1
23,668
15,352
18,674
20,469
23,617
24,478
16,099
19,235
21,535
24,721
86
309
270
171
80
10.7
5.6
3.2
4.0
7.3
3.2
6.1
5.7
5.9
10.0
4.1
7.2
5.6
5.3
9.1
4.3
4.4
22,244
17,350
15,436
18,718
21,061
19,200
21,305
20,541
18,234
22,368
14,260
17,320
19,518
22,342
23,481
18,431
16,525
19,416
22,579
20,069
22,413
21,878
19,086
1. The personal income level shown for the United States is derived as the sum of the county estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by definition,
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also diner from the NIPA estimate because of different data sources
and revision schedules.
2. Percent change was calculated from unrounded data.
3. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for
1994-96 reflect county population estimates available as of March 1998.
4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
Area name
Percent
change 2
Millions of dollars
Rank in
U.S.
Dollars
1994
1994
1995
1996
Raleigh-Durham-Chapel Hill, NC ..
22,796
24,901
26,843
7.8
23,643 25,061 26,255
Rapid City, SD
Reading, PA
Redding, CA
Reno, NV
Richland-Kennewick-Pasco, WA ...
Richmond-Petersburg, VA
Riverside-San Bernardino, CA*
Roanoke, VA
Rochester, MN
Rochester, NY
1,630
8,085
3,053
7,495
3,581
22,776
52,445
5,192
2,652
25,426
1,734
8,481
3,137
8,178
3,709
23,991
54,696
5,566
2,792
26,696
1,805
8,890
3,262
8,819
3,808
25,213
57,446
5,804
2,996
27,751
4.1
4.8
4.0
7.8
2.7
5.1
5.0
4.3
7.3
4.0
18,848
23,198
19,111
26,468
20,597
24,860
17,979
22,730
23,486
23,399
19,917
24,209
19,499
28,126
20,690
25,909
18,453
24,382
24,834
24,588
20,770
25,248
20,144
29,528
21,120
26,974
19,090
25,387
26,478
25,543
207
69
231
21
192
43
275
64
48
60
Rockford IL
Rocky Mount, NC
Sacramento, CA*
Saginaw-Bay City-Midland, Ml
St. Cloud, MN
St. Joseph, MO
St. Louis, MO-IL
Salem, OR*
Salinas CA .
Salt Lake City-Ogden, UT
7,421
2,472
32,231
8,497
2,765
1,800
60,119
5,663
8,021
22,195
7,931
2,635
34,506
9,014
2,921
, 1,881
64,142
6,132
8,477
24,130
8,293
2,801
36,201
9,426
3,132
1,971
67,118
6,534
8,761
26,085
21,479
17,606
22,397
21,101
17,662
18,399
23,733
18,441
23,304
18,731
22,738
18,510
23,661
22,394
18,425
19,311
25,238
19,578
24,580
20,015
23,523
19,474
24,444
23,390
19,594
20,298
26,337
20,480
25,032
21,271
117
265
89
120
253
224
50
217
73
181
San Angelo, TX
San Antonio, TX
San Diego, CA
San Francisco, CA*
San Jose, CA*
San Luis Obispo-Atascadero-Paso
Robles, CA
Santa Barbara-Santa MariaLompoc, CA
Santa Cruz-Watsonville, CA*
Santa Fe, NM
Santa Rosa, CA*
1,843
27,806
58,191
57,102
46,175
1,947
29,887
61,380
61,301
51,238
2,040
31,553
65,008
65,512
56,218
4.6
6.3
4.9
4.6
7.2
4.8
4.6
6.6
3.4
8.1
4.8
5.6
5.9
6.9
9.7
18,276
19,457
22,111
34,932
29,757
19,193
20,499
23,201
37,391
32,707
19,996
21,237
24,282
39,746
35,395
237
184
91
1
4
4,397
4,652
4,941
6.2
19,645 20,515 21,483
173
9,415
5,835
3,113
10,196
9,874
6,207
3,421
10,761
10,395
6,631
3,535
11,524
5.3
6.8
3.3
7.1
24,589
24,846
23,714
24,813
Sarasota-Bradenton, FL
Savannah, GA
Scranton-Wilkes-Barre-Hazleton,
PA
Seattle-Bellevue-Everett, WA*
Sharon, PA
Sheboygan, Wl
Sherman-Denison, TX
Shreveport-Bossier City, LA
Sioux City, IA-NE
Sioux Falls, SD
14,472
5,596
15,575
5,952
16,443
6,320
5.6
6.2
27,937 29,674 30,931
20,299 21,343 22,477
42
33
58
35
14
141
12,364
60,298
2,156
2,331
1,751
7,310
2,325
3,500
12,924
64,801
2,267
2,478
1,880
7,630
2,492
3,719
13,398
69,844
2,370
2,581
2,014
7,865
2,659
4,018
19,470
27,736
17,695
21,729
17,998
19,395
19,475
22,632
20,462
29,494
18,579
22,811
19,159
20,156
20,693
23,724
21,363
31,372
19,386
23,583
20,080
20,756
21,974
25,246
177
13
267
115
235
208
159
70
South Bend, IN
Spokane, WA
Springfield, IL
Springfield, MO
Springfield, MA (NECMA)
State College, PA
Steubenville-Weirton, OH-WV
Stockton-Lodi, CA
Sumter, SC
Syracuse, NY
5,472
7,803
4,403
5,704
12,639
2,389
2,441
9,456
1,552
15,479
5,782
8,303
4,579
6,139
13,451
2,538
2,531
9,885
1,638
16,133
5,943
8,701
4,819
6,444
13,949
2,662
2,615
10,410
1,743
16,581
21,468
19,712
21,779
19,766
21,240
18,435
17,445
18,274
14,616
20,622
22,543
20,691
22,556
20,884
22,687
19,460
18,165
18,845
15,357
21,552
23,095
21,555
23,633
21,702
23,601
20,135
18,919
19,531
16,298
22,253
Tacoma, WA*
Tallahassee, FL
Tampa-St. Petersburg-Clearwater,
FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo, OH
Topeka, KS
Trenton, NJ*
Tucson, AZ
Tulsa, OK
12,680
4,813
13,544
5,169
14,353
5,450
3.7
7.8
4.5
4.2
7.1
3.1
6.7
8.0
2.8
4.8
5.3
5.0
3.7
4.9
3.3
5.3
6.4
2.8
6.0
5.4
126
170
110
167
112
232
280
258
307
151
162
199
46,279
2,686
2,082
13,336
3,561
10,220
13,838
15,668
49,670
2,805
2,198
14,094
3,770
10,891
14,828
16,525
52,738
2,872
2,306
14,628
3,936
11,296
15,766
17,456
21,503
18,002
16,981
21,804
21,620
31,114
18,840
21,182
22,817
18,772
17,916
23,066
22,883
33,078
19,647
22,170
23,984
19,226
18,666
23,955
23,888
34,292
20,535
23,141
2,850
3,242
5,849
10,291
16,624
1,605
2,785
5,417
3,535
133,045
3,011
3,469
6,006
10,666
17,630
1,696
2,882
5,569
3,793
140,302
3,159
3,706
6,101
11,271
18,467
1,801
2,964
5,918
3,960
147,306
6.2
2.4
4.9
3.8
4.4
3.7
6.3
5.6
4.9
6.8
1.6
5.7
4.7
6.2
2.8
6.3
4.4
5.0
18,277
20,316
18,573
21,419
23,714
20,066
19,672
15,712
18,267
29,874
19,003
21,457
19,511
22,197
24,937
21,048
20,409
16,035
19,099
31,192
19,887
22,506
20,220
23,267
25,839
22,065
20,987
16,905
19,655
32,376
99
271
285
100
102
8
216
125
244
139
227
122
57
158
198
305
250
12
Waterloo-Cedar Falls, IA
Wausau, Wl
West Palm Beach-Boca Raton, FL
Wheeling, WV-OH
Wichita, KS
Wichita Falls, TX
Williamsport, PA
Wilmington-Newark, DE-MD*
Wilmington, NC
Yakima, WA
2,401
2,366
32,694
2,835
10,952
2,507
2,169
14,474
3,774
3,718
2,522
2,519
35,409
2,917
11,630
2,716
2,239
15,494
4,083
3,885
2,624
2,656
37,933
3,023
12,430
2,849
2,325
16,548
4,388
4,204
4.0
5.4
7.1
3.6
6.9
4.9
3.8
6.8
7.5
8.2
19,419
19,700
34,066
17,991
21,317
18,961
17,986
26,844
19,518
17,751
20,565
20,864
36,213
18,657
22,470
20,081
18,689
28,429
20,389
18,216
21,463
21,865
38,081
19,483
23,753
20,706
19,538
30,103
21,187
19,454
174
165
3
263
104
210
257
17
189
266
Yolo, CA*
York, PA
Youngstown-Warren, OH
Yuba City, CA
Yuma AZ . .
3,090
7,838
11,660
2,249
1,726
3,278
8,301
12,306
2,344
2,025
3,418
8,686
12,670
2,446
1,946
4.3
4.6
3.0
4.4
21,158
21,780
19,351
16,695
14,357
22,104
22,773
20,515
17,196
16,627
22,747
23,610
21,192
17,739
15,520
131
111
188
297
310
1996
286
229
128
183
54
162
301
152
72
148
283
214
234
241
96
136
314
311
81
272
302
222
101
209
113
129
238
5.8 16,638 17,891 18,590
6.8 18,024 19,182 20,195
4.4 20,967 22,078 22,962
5.8 18,783 20,142 21,261
5.9 23,281 24,738 25,949
4.5 20,102 21,268 21,913
4.9 15,816 16,744 17,117
3.7 20,588 21,740 22,247
3.9 22,372 24,258 25,053
5.9 20,395 21,175 22,320
6.7 17,042 17,779 18,785
5.6 19,040 19,690 20,640
5.5 18,336 19,287 20,084
6.3 18,061 18,977 19,905
5.7 22,147 22,997 24,138
4.1 20,747 21,784 22,587
7.6 11,732 11,675 12,199
3.9 13,627 14,378 14,529
Per capita personal income 3
Personal income
Tuscaloosa, AL
Tyler, TX .
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura, CA*
Victoria, TX ...
Vineland-Millville-Bridgeton, NJ*
Visalia-Tulare-Porterville, CA
Waco, TX
Washington, DC-MD-VA-WV*
1995-96
-3.9
1995
25,764
26,288
25,255
25,860
1996
27,003
27,896
25,774
27,353
19,895 20,928 21,913
18,891 20,069 20,985
1996
52
New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT
NECMA is presented as a PMSA (part of the New York CMSA).
Source: Table 1 in "Local Area Personal Income, 1969-96" in the May 1998 issue of the SURVEY OF CURRENT
BUSINESS.
August 1998
Regional Data • D-27
SURVEY OF CURRENT BUSINESS
L. Charts.
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. PERSONAL INCOME BY REGION
1969
1997
Great Lakes
16.4%
Mideast
19.3%
Great Lakes
20.8%
New England
6.4%
Plains
7.5%
Far West
15.2%
Southeast
17.3%
Plains
6.6% -/
New England
6.0%
Far West
17.2%
Southeast
21.9%
Rocky Mountain
2.2%
Southwest
7.0%
Southwest
9.7%
Rocky Mountain
2.9%
SHARES OF U.S. GROSS STATE PRODUCT BY REGION
m
\
Great Lakes
19.6%
/
Great Lakes
16.2%
Mideast
\ 20.1%
1996
^—
\
\
-
^ ^ ^ ^ B New England
M^BB 5%
.
2
Plains
7.5%
J
—
Pis /
ln
a
6% /
.
7
^
—
—
•
^
Southwest
9.3%
\
\
mm
Southeast
21.9%
Southeast ^
19.7%
^
Mideast
1.%
89
^
^
H
H
Rocky Mountain
2.8%
f
^ ^ ^ ^ A
^ ^ ^ ^ ^ ^ ^ ^ H
\ \
\ \
N w England
e
57
. %
/ Far West
/
17.3%
Rxky Mountain
3.0%
Southwest
10.2%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-97
U
STATES WITH FASTEST GROWTH
Na
ed
va
'S'|f^9e
M^H^^^H^B^^M^^^^H
Indiana
Az n B^^B^^B^^B^^B^^^B^^I
ro a
i
Rra B ^ M ^ B M B B B ^ M ^ B ^
od
i
Ua
th
Co d
or o
la
Gog
e ra
i
7
8
Percent
U.S. Department of Commerce, Bureau of Economic Analysis
9
^B^^^^^^^^m
Illinois
^ ^ ^ ^ ^ ^ ^ B
North Dakota
^ ^ ^ ^ ^ ^ M B »
Nw Y r W B B B B M I
e ok
Oo B B B B B B
h
i
Iw BBHHBH^
oa
BBB^B^WBBB
6
BBBWM^BB^W'
Michigan
Txs B ^ B ^ B ^ B B B ^ B
ea
5
BBBBBB|
Pennsylvania
BBBBHIBBB^B
4
^ ^ ^ ^ ^ ^ ^ ^ B '
Ws Vr i i
et igna
B^BWBPWBWB
BB^^BMB^BBBM
N rh C r l a
ot aon
i
^ ^ ^ ^ ^ ^ ^ ^ ^ ^ H
Rhode Island
Nw H m s r B ^ B l ^ ^ ^ ^ B B B B B
e a p he
i
Nw M x o B i ^ B B B i B ^ ^ ^ ^ ^
e ec
i
^^fnif96
STATES WITH SLOWEST GROWTH
10
1
1 1
4
5
5
7
8
Percent
9
1
0
1
1
1
1
2
D-28
• Regional Data
SURVEY OF CURRENT BUSINESS
August 1998
SELECTED REGIONAL ESTIMATES
PER CAPITA PERSONAL INCOME.1997
-A
^ ~ >
C3*
A
K
\
ME
.$22,078
UNITED STATES $25,598
I-v I States with highest levels
HI
$26,034
E H States with lowest levels
HZ! All other States
PERSONAL INCOME GROWTH: AVERAGE QUARTERLY PERCENT CHANGE, 1997:1-1998:1
MA 1.6
UNITED STATES 1.4%
States with largest percent change
States with smallest percent change
HI 0.6
All other States
US. Department ol Commerce, Bureau ol Economic Analysis
August 1998
Appendix A
Additional Information About BEA'S
Statistical Conventions
Changes in current-dollar GDP measure changes in
the market value of goods and services produced in
the economy in a particular period. For many purposes, it is necessary to decompose these changes into
quantity and price components. To compute the
quantity indexes, changes in the quantities of individual goods and services are weighted by their prices.
(Quantity changes for GDP are often referred to as
changes in "real GDP") For the price indexes, changes
in the prices for individual goods and services are
weighted by quantities produced. (In practice, the
current-dollar value and price indexes for most GDP
components are determined largely using data from
Federal Government surveys, and the real values of
these components are calculated by deflation at the
most detailed level for which all the required data are
available.)
The annual changes in quantities and prices are
calculated using a Fisher formula that incorporates
weights from 2 adjacent years. (Similar 'formulas
are used to calculate the quarterly indexes for the
most recent quarters, called the "tail" period, and
for the indexes for the other quarters, called the
"historical period") For example, the 1996-97 annual percent change in real GDP uses prices for 1996
and 1997 as weights, and the 1996-97 annual percent
change in price uses quantities for 1996 and 1997 as
weights. These annual changes are "chained" (multiplied) together to form time series of quantity and
price. Because the Fisher formula allows for the effects
of changes in relative prices and in the compostion
of output over time, the resulting quantity or price
changes are not affected by the substitution bias that
is associated with changes in quantities and prices calculated using a fixed-weighted formula. The Fisher
formula also produces changes in quantites and prices
that are not affected by the choice of base periods. In
addition, because the changes in quantities and prices
calculated in this way are symmetric, the product of
a quantity index and the corresponding price index is
generally equal to the current-dollar index.
In addition, BEA prepares measures of real GDP
and its components in a dollar-denominated form,
designated "chained (1992) dollar estimates." These estimates are computed by multiplying the 1992 currentdollar value of GDP, or of a GDP component, by the
corresponding quantity index number. For example,
if a current-dollar GDP component equaled $100 in
1992 and if real output for this component increased
by 10 percent in 1993, then the "chained (1992) dollar"
value of this component in 1993 would be $110 ($100
X 1.10). Note that percentage changes in the chained
Appendixes •
SURVEY OF CURRENT BUSINESS
NIPA
Estimates
(1992) dollar estimates and the percentage changes calculated from the quantity indexes are identical, except
for small differences due to rounding.
Because of the formula used for calculating real GDP,
the chained (1992) dollar estimates for detailed GDP
components do not add to the chained-dollar value
of GDP or to any intermediate aggregates. A "residual" line is shown as the difference between GDP and
the sum of the most detailed components shown in
each table. The residual generally is small close to the
base period but tends to become larger as one moves
further from it. NIPA table 8.2 provides accurate measures of the contributions of the major components to
the percentage change in real GDP for all periods, the
composition of GDP growth than the chained-dollar
estimates.
BEA also publishes the "implicit price deflator
(IPD)," which is calculated as the ratio of currentdollar value to the corresponding chained-dollar value,
multiplied by 100; the values of the IPD and of the
corresponding "chain-type" price index are very close.
For quarters and months, the estimates are presented at annual rates, which show the value that would
be registered if the rate of activity measured for a
quarter or a month were maintained for a full year.
Annual rates are used so that time periods of different lengths—for example, quarters and years—may be
compared easily. These annual rates are determined
simply by multiplying the estimated rate of activity by
4 (for quarterly data) or 12 (for monthly data).
Percent changes in the estimates are also expressed
at annual rates. Calculating these changes requires a
variant of the compound interest formula:
=[(!)"'"->] xlOO,
where r is the percent change at an annual rate;
Xt is the level of activity in the later period;
Xo is the level of activity in the earlier period;
m is the yearly periodicity of the data (for
example, 1 for annual data, 4 for quarterly,
or 12 for monthly); and
n is the number of periods between the
earlier and later periods (that is, t - o).
Quarterly and monthly NIPA estimates are seasonally
adjusted, if necessary. Seasonal adjustment removes
from the time series the average impact of variations that normally occur at about the same time and
in about the same magnitude each year—for example, weather, holidays, and tax payment dates. After
seasonal adjustment, cyclical and other short-term
changes in the economy stand out more clearly.
D-29
D-30
• Appendixes
SURVEY OF CURRENT BUSINESS
August 1998
Reconciliation 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
1995
1996
1997
1997
II
BEA-derived compensation per hour of all persons in the nonfarm business sector (less
housing)
2.3
3.6
Less'. Contribution of supplements to wages and salaries per hour
-.7
-1.1
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit
institutions
,
0
III
1998
\\P
1
IV
4.0
4.0
4.7
4.5
4.6
4.3
-.5 .
-.6
-.3
-.7
-.1
-.5
-.1
-.1
-.4
-.4
-.8
-2
.2
.1
' .3
.5
-.4
.3
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid
family workers, and self-employed
.1
Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm
sector
2.8
4.5
4.3
3.9
4.1
4.7
4.2
.1
-.2
.2
.4
.6
.5
-.1
.1
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
4.8
Less: Other differences1
0
1.3
.2
.1
-.5
-.5
.4
.3
Equals: BLS average hourly earnings of production or nonsupervisory workers on private
nonfarm payrolls
2.8
3.4
3.9
3.5
4.0
4.6
3.9
4.4
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector2
2.5
3.8
3.8
3.2
3.8
5.2
4.2
p Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
differ^
procedures; quarterly estimates also include
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing,
NoiE.-This table incorporates BLS March 1997 benchmark and updated seasonal factors.
Table 2, "Relation of Net Exports of Goods and
Services and Net Receipts of Factor Income in the
National Income and Product Accounts (NIPA'S)
to Balance on Goods, Services, and Income in
the Balance of Payments Accounts (BPA'S)," will
be updated next month to incorporate the annual
revision of the NIPA'S.
Appendixes •
SURVEY OF CURRENT BUSINESS
August 1998
Appendix B
Suggested Reading
Mid-Decade Strategic Plan
BEA has published the following articles in the SURon the development and
implementation of its strategic plan for improving
the accuracy, reliability, and relevance of the national,
regional, and international accounts.
"Mid-Decade Strategic Review of BEA'S Economic
Accounts: Maintaining and Improving Their
Performance" (February 1995)
"Mid-Decade Strategic Review of BEA'S Economic
Accounts: An Update" (April 1995)
"BEA'S Mid-Decade Strategic Plan: A Progress
Report" (June 1996)
VEY OF CURRENT BUSINESS
Mid-Decade Strategic Review of BEA'S Economic
Accounts: Background Papers (1995) presents seven
background papers that evaluate the state of the U.S.
economic accounts and that identify the problems and
the prospects for improving the accounts.
Methodology
BEA has published a wealth of information about the
methodology used to prepare its national, regional,
and international estimates.
National
National income and product accounts
(NIPA'S)
NIPA Methodology Papers: This series documents
the conceptual framework of the NIPA'S and the
methodology used to prepare the estimates.
An Introduction to National Economic Accounting
(NIPA Methodology Paper No. 1, 1985) [Also
appeared in the March 1985 issue of the SURVEY]
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (NIPA Methodology Paper
No. 2,1985)
Foreign Transactions (NIPA Methodology Paper
No. 3,1987) [Revised version forthcoming]
GNP: An Overview of Source Data and Estimating
Methods (NIPA Methodology Paper No. 4, 1987)
[Largely superseded by "A Guide to the NIPA'S"
(March 1998 SURVEY)]
Government Transactions (NIPA Methodology
Paper No. 5,1988)
Personal Consumption Expenditures (NIPA Methodology Paper No. 6,1990)
The methodologies described in these papers are
subject to periodic improvements that are typically
introduced as part of the annual and comprehensive revisions of the NIPA'S; these improvements are
described in the
revisions.
SURVEY
articles that cover these
"Annual Revision of the U.S. National Income and
Product Accounts": This series of SURVEY articles, the
latest of which is published in this issue, describes
the annual NIPA revisions and the improvements in
methodology.
"Completion of the Comprehensive Revision of the
National Income and Product Accounts, 1929-96"
(May 1997) is the last in a series of SURVEY articles
that describe the most recent comprehensive revision
of the NIPA'S.
"A Guide to the NIPA'S" (March 1998 SURVEY) provides the definitions of the major NIPA aggregates and
components; discusses the measures of real output and
prices; explains how production is classified and how
the NIPA'S are presented; describes the statistical conventions that are used; and lists the principal source
data and methods used to prepare the estimates of
gross domestic product (GDP).
Information on the sources and methods used to
prepare the national estimates of personal income,
which provide the basis for the State estimates of personal income, can be found in State Personal Income,
1929-93 (1995).
"Gross Domestic Product as a Measure of U.S. Production" (August 1991 SURVEY) briefly explains the
difference between GDP and gross national product.
"BEA'S Chain Indexes, Time Series, and Measures
of Long-Term Economic Growth" (May 1997) is the
most recent in a series of SURVEY articles that describe
the conceptual basis for the chain-type measures of
real output and prices used in the NIPA'S.
"Reliability and Accuracy of the Quarterly Estimates
of GDP" (October 1993 SURVEY) evaluates GDP estimates by examining the record of revisions in the
quarterly estimates.
Availability
Most of the items listed here are available on BEA'S
Web site at <http://www.bea.doc.gov>. In addition, see
the inside back cover of this issue for the availability of
some of the publications.
The Catalog of BEA Products is available on BEA'S
Web site; a printed copy can be obtained by writing to the Public Information Office, BE-53, Bureau
of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230, or by calling 202-606-9900.
D-31
D-32
• Appendixes
SURVEY OF CURRENT BUSINESS
Wealth and related estimates
"Improved Estimates of Fixed Reproducible Tangible
Wealth, 1929-95" (May 1997 SURVEY) describes the
most recent comprehensive revision of the estimates
of fixed reproducible tangible wealth.
Gross product by industry
"Improved Estimates of Gross Product by Industry,
1959-94" (August 1996 SURVEY) describes the most recent comprehensive revision of the estimates of gross
product by industry.
"Gross Product by Industry, 1947-96" (November
1997 SURVEY) presents the most recent revision to the
estimates of gross product by industry and briefly
describes changes in methodology.
Input-output
accounts
"Benchmark Input-Output Accounts for the U.S.
Economy, 1992" (November 1997 SURVEY) describes
the preparation of the 1992 input-output accounts
and the concepts and methods underlying the U.S.
input-output accounts.
Satellite accounts
Satellite accounts that extend the analytical capacity of
the national accounts by focusing on a particular aspect of activity are presented in the following SURVEY
articles.
"Integrated Economic and Environmental Satellite
Accounts" and "Accounting for Mineral Resources:
Issues and BEA'S Initial Estimates" (April 1994)
"A Satellite Account for Research and Development" (November 1994)
"U.S. Transportation Satellite Accounts for 1992"
(April 1998)
"U.S. Travel and Tourism Satellite Accounts for
1992" (July 1998)
International
Balance of payments accounts
(BPA'S)
The Balance of Payments of the United States: Concepts, Data Sources, and Estimating Procedures (1990)
describes the methodologies used in preparing the
estimates in the BPA'S and of the international investment position of the United States. These methodologies are subject to periodic improvements that are
typically introduced as part of the annual revisions of
the BPA'S.
"U.S. International Transactions, Revised Estimates": This series of SURVEY articles, the latest of
which was published in the July 1998 issue, describes
August 1998
the annual BPA revisions and the improvements in
methodology.
Direct investment
The coverage, concepts, definitions, and classifications
used in the benchmark surveys of U.S. direct investment abroad and of foreign direct investment in the
United States are presented in the publications of the
final results of the following benchmark surveys.
U.S. Direct Investment Abroad: 1994 Benchmark
Survey, Final Results (1998)
Foreign Direct Investment in the United States: 1992
Benchmark Survey, Final Results (1995)
The types of data on direct investment that are collected and published by BEA and the clarifications of
the differences between the data sets are presented in
the following SURVEY articles.
"A Guide to BEA Statistics on U.S. Multinational
Companies" (March 1995)
"A Guide to BEA Statistics on Foreign Direct
Investment in the United States" (February 1990)
Surveys of international services
U.S. International Transactions in Private Services: A
Guide to the Surveys Conducted by the Bureau of Economic Analysis (1998) provides information on the
11 surveys that BEA conducts on these transactions—
including classifications, definitions, release schedules,
and methods used to prepare the estimates—and
samples of the survey forms.
Regional
Personal income
State Personal Income, 1929-93 (1995) includes a description of the methodology used to prepare the
estimates of State personal income. [Also available on
the CD-ROM "State Personal Income, 1958-96"]
Local Area Personal Income, 1969-92 (1994) includes
a description of the methodology used to prepare the
estimates of local area personal income. [Also available on the CD-ROM "Regional Economic Information
System, 1969-96"]
Gross state product
"Comprehensive Revision of Gross State Product by
Industry, 1977-94" (June 1997 SURVEY) summarizes
the sources and methods for BEA'S estimates of gross
state product.
"Gross State Product by Industry, 1977-96" (June
1998 SURVEY) presents the most recent revision to the
estimates of gross state product by industry and briefly
describes changes in methodology. 0
BEA INFORMATION
The economic information prepared by the Bureau of Economic Analysis (BEA)
is available in news releases, in publications, on computer diskettes, on CD-ROM*S» and
on the Internet For a description of these products in the free Catalog $f Products*
Wiite to the Public Information Office, BE-53, Bureau of Economic Analysis, US, Department of Commerce, Washington* DC 20230, or call 202-606-9900, The catalog
and other information are also available on BEA^ Web site at www,bea,docgov.
The free publication US International Transactions in Private Services: A Guide
to the Surveys Conducted by the Bureau of Economic Analysis provides information
about 11 surveys. For each survey, it details the frequency of the survey, the transactions covered, and the methods used to prepare the estimates that are derived from the
survey data; it includes a sample of each survey. To receive your copy> write to Sylvia
Bargas, BJB-^O, Bureau of Economic Analysis, U.S. Department of Cornmerce, Washington* 0^20230* or call 202-606-98^^
In addition, the foEowing publications are available from the Superintendent of
Documents of the Government Printing Office (QPO). To order, write to Superintendent of Documents, p.<x Box 371954, Pittsburgh, PA 15250-7954* call 202-512-1^60
or fax 202-512-2250. Pay by check to the Superintendent of Documents or charge to a
GK> deposit account, to ¥isa» or tq MasterCard.
National Income and Product Accounts of the United States, 1929-^4*
{1998) This two-volume set presents the estimates of the natibnaliricome and product accounts (NiPA*s) that reflect the most recent comprehensive revision and the 1997 annual revision, The text describes the
definitions arid classifications that underlie the NIFA'S arid the statistical
conventions used in the NIPA%; an appendix lists the principal source
data and methods that are used in preparing the estimates. $58.00, stock
110,003-010-00272^7.
Benchmark Input^Output Accounts of the United States, 1987, (1994)
Presents summary and detailed make and use tables for: industries and
commodities; tables showing commodity- and industry-output-re*
quire-ments per dollar of commodity demanded; and tables showing
the input-output (r-o) commodity composition of personal consumption expenditures and producers' durable equipment expenditures in
the national income and p roduct accounts\ Presents cohcepU and
methods used in the *9$7 benchmark accounts; concordance beween 1-0
and 19&7 Standard Industrial Classification codes; description of the
components of the measures of output, intermediate inputs, and value
added; and mathematical derivation of total requirements tables*
$19,06, stock no, 003-010-00251-4.
Regional Multipliers: A User Handbook for the Regional Input* Output Modeling System (HIMS 'ri), Third Edition, (1997) This handbook
describes the rive types of mus n multipliers that are available for nearly
500 industries and for any county or for any group cif counties. It details
the information that the users need In order to effectively use tfie RIMS II
multipliers to analyse the ecoriomic and industrial impact of public and
private projects and programs on State and local areas. The handbook
also includes case studies that illustrate the uses of the RIMS if rnujfiplters
and a description of the methodology that the Bureau of Bconorriic
Analysis uses to estimate the multipliers, $6,00, stock no. 003-01000264-6*
_
_
„ ",._
."
", '
,
-
Foreign Direct Investment in the United States: 1992 Benchmark Survey/tmal Results, (1995) Presents detailed data on the tmandai structure and operations of U.S. affiliates of foreign direct investors, on the
foreign direct investment position m the United States, and on the balaiice-of-payments transactions between U.S. affiliates and their foreign
parent companies in 1992* Includes data for items, such as employment
covered by collective bargaining agreements and merchandise trade by
product and country of destination and origin, that are only collected in
comprehensive benchmark surveys. The data are classified by industry
of affiliate and by country of ultimate beneficial owrier, arid selected
data are classified by State. The text describes the coverage, the concepts
and definitions, and the classifications used in the survey. $20*00, stock
no. 003-010-00259-0.
Foreign Direct Iny^stmerit iii the United States: Operations of U.S*
Affiliates of Foreign Compani^ (1997) Two publications: One presents
tHe revised estimates for 1994, and the other, the preliminary estimates
for 1995 from BEA*S annual surveys of the rlnancial structure and operations of nonbank U.S* afilliates of foreign direct investors. The esti^
mates are presented by industry of the U.S. affiliate arid by! country of
the ultimate beneficial owner (IJBO) and for selected estimates, by in»
dustry of UBO and by State. Preliminary 1995 Estimates. $^.50, stock no,
003-010-0026S-9; Revised 1994 Estimates. $$,50, stock no. 003-01000267-1.
Foreign Direct Investment in the United States: Establishment Data
for 199X {1997) This publication, which presents the results of a project
by BEA and the Bureau of the Census, provides the most recently available
dat& on the number, employment, payroll, and shipments ot sales of
foreign-owned U.S. establishments in more than 800 industries at the
Standard Industrial Classification four-digit level and by State and by
country of owner* Presents additional inforxnatidii—such as data on
value added, employee benefits, hourly wage rates of production workers, arid expenditures for plant and equipment—for manufacturing
establishments. $28.00, stock no. 003-010-00265^4,
U.S. Direct Investment Abroad: 1994 Benchmark Survey* Final &esults, (1998) This publication presents the data on the worldwide operations of U.S. multinational companies in 1994 from the most recent
comprehensive survey pf U*S. direct investment abroad. It contains 243
tables that present data on the finandal structure and operations of \J'&<
parent companies and their foreign affiliates and data on the direct
investment position and balance of payments between the parents and
their affiliates. The data are presented by industry of the parent and by
industry and country of the affiliate. The text describes the coverage, the
definitions and concepts, and the classificatioris used in the survey.
$37.00, stock no. 003-010-00271-9.
„ ';;„
U,S» Direct Investment Abrotdj Operations of US. Parent Compaiiies
and Their Foreign Affiliatesi Preliittinary 1995 Estimates. (1997} Provides preliminary results for 1995 from BEA'S annual stirvey of the worldwide operations of U.S, 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 $9.00* stock no,
00270-iv
UNITED STATES
OFFICE
PERIODICALS
2046a
FEES PAI1>
0OTICIA& BUSINESS
IJSPS Pus* No* 337-79$
PENALTY EOHPEIYATE USE, $ 3 0 0
Schedule of Upcoming BEA News Releases
Subject
U.S. International Trade in Goods and Services, June 1998
Gross Domestic Product, 2nd quarter 1998 (preliminary) and Corporate Profits, 2nd quarter 1998
(preliminary).
Personal Income and Outlays, July 1998
Release
Date
* Aug. 18
Aug. 27
Aug. 28
Summary of U.S. International Transactions, 2nd quarter 1998.
Sept. 10
State Per Capita Personal Income, 1997 (revised)
Sept. 14
U.S. International Trade in Goods and Services, July 1998
* Sept. 17
Gross Domestic Product, 2nd quarter 1998 (final) and Corporate Profits, 2nd quarter 1998 (revised) Sept. 24
Personal Income and Outlays, August 1998
Sept. 25
U.S. International Trade in Goods and Services, August 1998
State Personal Income, 2nd quarter 1998
Gross Domestic Product, 3rd quarter 1998 (advance)
*Oct. 20
Oct. 27
Oct. 30
Personal Income and Outlays, September 1998
U.S. International Trade in Goods and Services, September 1998
Gross Domestic Product, 3rd quarter 1998 (preliminary) and Corporate Profits, 3rd quarter 1998
(preliminary).
Nov. 2
*Nov. 18
Nov. 24
Personal Income and Outlays, October 1998
* 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.
Nov. 25
@FedFRASER