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AUGUST 1999
VOLUME 79 NUMBER
8
SURVEY of CURRENT BUSINESS
IN THIS ISSUE . . .
Preview of the NIPA Comprehensive Revision:
Definitional and Classificational Changes
Foreign Direct Investment in the United States:
1997 Benchmark Survey, Preliminary Results
U.S. DEPARTMENT OF COMMERCE < ^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
AUGUST 1999
VOLUME 7 9 NUMBER
8
SURVEY 0/
CURRENT BUSINESS
SURVEY OF CURRENT BUSINESS (iSSN
0039-6222). Published monthly by the
Bureau of Economic Analysis of the U.S.
Department of Commerce. Editorial correspondence should be addressed to the
U.S. Department of Commerce
William M. Daley, Secretary
mm # #
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Editor-in-Chief, SURVEY OF CURRENT
BUSINESS, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, DC 20230.
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AND STATISTICS
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Expenditure, and Wealth Accounts
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THIS ISSUE of the SURVEY went to the printer on August 13,1999.
It incorporates data from the following monthly BEA news releases:
U.S.International Tradein Goods and Services (July 20),
Gross Domestic Product (July 29), and
Personal Income and Outlays (July 30).
August 1999
SURVEY OF CURRENT BUSINESS
TABLE
OF
CONTENTS
special in this issue
7 A Preview of the 1999 Comprehensive Revision of the National
Income and Product Accounts: Definitional and Classificational
Changes
The upcoming comprehensive revision of the NIPA'S will feature a number
of definitional and classificational changes that will significantly improve the
NIPA measures of output, investment, and saving. In particular, business and
government expenditures for software will be recognized as fixed investment,
government employee retirement plans will be reclassifiedfromthe government
sector to the personal sector, and certain transactions will be reclassified as
capital transfers. The recognition of software as investment will raise GDP
(for 1996, by roughly 1V2 percent); the other definitional and classificational
changes will have little effect on GDP, but several of them will raise private
saving and reduce government saving.
21 Foreign Direct Investment in the United States:
Results From the 1997 Benchmark Survey
Preliminary
In 1997, U.S. affiliates of foreign companies accounted for 6.3 percent of U.S.
gross product originating in private nonbank industries and for 4.9 percent
of U.S. employment. Trade by U.S. affiliates accounted for 20 percent of
U.S. exports of goods and for 30 percent of U.S. imports of goods. Affiliates
accounted for more than half of U.S. exports of goods to lapan and for more
than half of U.S. imports from lapan, Switzerland, Germany, and Sweden.
These findings are based on the preliminary results of BEA'S 1997 Benchmark
Survey of Foreign Investment in the United States. This survey marks the first
use by BEA of a new industry classification system that is based on the North
American Industry Classification System.
l\egular features
1
Business Situation
Real GDP increased 2.3 percent in the second quarter of 1999 after increasing
4.3 percent in the first quarter; the slowdown was mainly accounted for by
a deceleration in consumer spending and a downturn in government spending. The price index for gross domestic purchases increased 2.1 percent after
increasing 1.2 percent; the step-up reflected a sharp upturn in energy prices.
— Continued on next page —
it
SURVEY OF CURRENT BUSINESS
57
State Personal Income, First Quarter 1999
Personal income in the Nation increased 1.2 percent in the first quarter of
1999. The States with the fastest growth were Idaho, Maine, South Carolina,
Wyoming, New York, Florida, and California. Personal income declined in
North Dakota, Nebraska, South Dakota, and Iowa, and it was unchanged in
Delaware.
l\eports and statistical presentations
D-l
BEA Current and Historical Data
National Data:
D-2
D-27
D-36
D-41
D-43
Selected NIPA Tables
Other NIPA and NiPA-Related Tables
Historical Tables
Domestic Perspectives
Charts
International Data:
D-51 Transactions Tables
D-57 Investment Tables
D-62 International Perspectives
D-64
Charts
Regional Data:
D-65 State and Regional Tables
D-69 Local Area Table
D-71 Charts
Appendixes:
D-73 Appendix A: Additional Information About BEA'S NIPA Estimates
D-75
Appendix B: Suggested Reading
Inside back cover: Getting BEA'S Estimates
Back cover: Schedule of Upcoming BEA News Releases
LOOKING AHEAD
Revision of the National Income and Product Accounts. The upcoming comprehensive, or benchmark, revision of the NIPA'S is scheduled for initial release on October
28,1999. This revision will include the annual revision of the NIPA'S that would normally have been published in this issue of the SURVEY. (See this issue for a preview
of the definitional and classificational changes that will be introduced in the comprehensive revision.) The September SURVEY will include an article about the new and
redesigned NIPA tables that will be introduced in the comprehensive revision. Subsequent issues will include articles that describe the statistical changes, including a shift
in the reference year for the chain-type measures, and other aspects of the revision.
August 1999
SURVEY OF CURRENT BUSINESS
August 1999
BUSINESS
This article was
prepared by Daniel
Larkins, Larry R.
Moran, and Ralph
W. Morris.
SITUATION
EAL
GROSS domestic product (GDP) in^ creased 2.3 percent in the second quarter
of 1999, according to the "advance" estimates
of the national income and product accounts
(NIPA'S), after increasing 4.3 percent in the first
quarter (chart 1 and table 1).1 Prices paid by U.S.
residents for goods and services—the price index for gross domestic purchases—increased 2.1
percent after increasing 1.2 percent; the step-up
1. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted
annual rates. Quarter-to-quarter dollar changes are the differences between
the published estimates. Quarter-to-quarter percent changes are annualized
and are calculated from unrounded data unless otherwise specified.
Real estimates are calculated using a chain-type Fisher formula with annual weights for all years and for all quarters except those in the most recent
year, which are calculated using quarterly weights; real estimates are expressed
both as index numbers (1992=100) and as chained (1992) dollars. Price
indexes (1992=100) are also calculated using a chain-type Fisher formula.
reflected sharply higher energy prices. Reflecting
the step-up in prices, growth of real disposable
personal income slowed to 2.4 percent from 3.5
percent; the personal saving rate (current-dollar
saving as a percentage of current-dollar disposable personal income) continued its downtrend,
decreasing to negative 1.1 percent.2
The slowdown in real GDP growth was mainly
accounted for by a deceleration in personal consumption expenditures (PCE) and by a downturn
in government spending. PCE increased 4.0
percent after increasing 6.7 percent; the decel2. For a perspective on the downtrend in the saving rate, see "Note on
the Personal Saving Rate," SURVEY OF CURRENT BUSINESS 79 (February 1999):
8-9.
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
Percent change from
preceding quarter
Change from preceding
quarter
1999
1998
1999
1998
III
II
III
REAL GROSS DOMESTIC PRODUCT
1999
IV
Gross domestic product
7,803.6
67.9 111.2
Less: Exports of goods and services
Plus: Imports of goods and services
1,007.6
1,330.6
-6.8
7.0
Equals: Gross domestic purchases
8,087.0
Less: Change in business inventories
Nonfarm
Farm
19.4
15.8
3.8
I
IV
I
II
II
81.9
44.0
3.7
6.0
4.3
2.3
44.3 -13.1
35.3 40.5
11.1
30.5
-2.8
2.3
19.7
12.0
-5.1
13.5
4.5
9.7
80.2 102.5 126.5
59.2
4.2
5.4
6.6
3.0
17.5 -11.5
17.1 -9.5
.4 -1.9
REAL GROSS DOMESTIC PURCHASES
-5.5 -19.3
-2.4 -19.3
-3.6
.2
Equals: Final sales to domestic purchasers
8,059.7
63.4 112.7 131.1
76.1
3.3
6.0
6.8
3.9
Personal consumption expenditures
Durable goods
Nondurable goods
Services . . .
Gross private domestic fixed investment
Nonresidential fixed investment
Structures
Producers1 durable equipment
'..
Residential investment
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
5,384.7
809.8
1,612.7
2,977.2
1,373.6
1,038.5
207.2
849.6
340.1
51.6
4.3
8.2
38.0
6.8
-1.7
.1
-2.0
7.4
64.2
41.3
16.0
12.4
40.1
33.2
3.0
32.2
7.6
85.9
23.9
35.8
29.6
33.0
20.3
2.8
18.3
11.8
52.8
10.9
11.8
30.4
29.6
26.3
-.6
29.8
4.2
4.1
2.4
2.1
5.4
2.2
-.7
.2
-1.0
9.9
5.0
24.5
4.2
1.7
13.2
14.6
6.0
17.8
10.0
6.7
12.9
9.5
4.1
10.5
8.5
5.7
9.5
15.4
4.0
5.6
3.0
4.2
9.1
10.8
-1.2
15.3
5.1
1,320.0
454.7
296.9
156.8
865.5
4.8
-1.6
3.2
-4.5
6.4
10.7
8.1
1.1
6.8
2.7
13.6
-2.2
-5.2
2.8
15.8
-3.9
-4.7
-2.5
-1.2
-.3
1.5
-1.4
4.3
-11.5
3.1
3.3
7.3
1.3
19.8
1.3
4.2
-1.9
-€.6
7.4
7.7
-1.2
-5.2
-5.2
-3.1
-.1
Addendum: Final sales of domestic product
7,776.0
51.2 121.3
86.5
60.6
2.8
6.6
4.6
3.2
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. (See "Selected NIPA Tables," which begin on page
D-2 of this issue.)
i.llhlilll
5
0
-5
GROSS DOMESTIC PURCHASES PRICE INDEX
11 II. 1 • _ . . • • I
1
1996
1997
1998
Note—Percent change at annual rate from preceding quarter; U.S. Department of Commerce; Bureau of Economic Analysts
!
1999
SURVEY OF CURRENT BUSINESS
2 • August 1999
eration was accounted for by nondurable goods
and durable goods. Government spending decreased 1.2 percent after increasing 4.2 percent;
the downturn was mainly in spending by State
and local governments. The slowdown in GDP
was moderated by an upturn in exports.
The largest contributor to the second-quarter
increase in real GDP was PCE, which contributed
2.73 percentage points to GDP growth; durable
goods, nondurable goods, and services all increased (table 2). Nonresidential fixed invest-
ment increased 10.8 percent and contributed 1.15
percentage points to GDP growth; producers'
durable equipment accounted for the increase.
Exports increased 4.5 percent and contributed
0.49 percentage point to GDP growth. These
increases were partly offset by an increase in imports, which subtracted 1.24 percentage points
from GDP growth, and by a drop in inventory
investment, which subtracted 0.86 percentage
point. The increase in imports was largely accounted for by computers; the drop in inventory
Second-Quarter 1999 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.)
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),
Personal consumption expenditures: Sales of retail stores
State and local employment (3), and the Employment
(3) and unit auto and truck sales (3);
Cost Index for the quarter;
GDP prices: Consumer Price Index (3), Producer Price
Nonresidential fixed investment Unit auto and truck
Index (3), U.S. Import and Export Price Indexes (3), and
sales (3), construction put in place (2), manufacturers'
values and quantities of petroleum imports (2).
shipments of machinery and equipment other than airBEA made assumptions for source data that were not
craft (3), aircraft shipments (2), and exports and imports
available. Table A shows the assumptions for key series;
of machinery and equipment (2);
a more comprehensive listing of assumptions is available
Residential investment Construction put in place (2)
on the Department of Commerce's Economic Bulletin
and single-family housing starts (3);
Board or from BEA.
Table A.—Summary of Major Data Assumptions for Advance Estimates, 1999:11
[Billions of dollars, seasonally adjusted at annual rates]
1999
January
Fixed investment:
Nonresidential structures:
Buildings, utilities, and farm:
Value of new nonresidential construction put in place
Producers1 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
February
March
April
May
June 1
185.8
189.0
189.3
182.1
179.6
188.5
58.3
37.4
34.4
41.2
37.9
33.3
208.7
26.4
210.3
27.8
212.4
29.1
211.4
28.2
210.6
27.0
208.9
27.7
-8.0
27.2
9.6
7.1
20.1
28.9
663.2
660.5
656.4
653.4
651.9
649.0
663.2
659.2
655.6
653.4
667.7
664.7
943.4
939.8
-280.2
-279.3
958.5
955.8
-002.1
-302.4
960.1
-308.2
-307.6
967.2
964.0
-304.0
-304.8
994.1
991.1
-338.5
-337.7
1002.6
999.6
-334.9
-334.9
140.5
146.5
146.1
140.6
139.5
143.8
2
Net exports:
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.
956.6
SURVEY OF CURRENT BUSINESS
Final sales of motor vehicles to domestic purchasers increased 7.5 percent after little change.
Auto sales turned up; truck sales increased less
than in the first quarter. Purchases of motor vehicles by consumers increased after decreasing,
and purchases by businesses increased more than
in the first quarter.
Factors frequently considered in analyses of
consumer spending were mixed in the second
quarter. Growth in real disposable personal income slowed to 2.4 percent from 3.5 percent,
but the Index of Consumer Sentiment (prepared
by the University of Michigan Survey Research
Center as a measure of consumer attitudes and
expectations) increased from an already high
level. The unemployment rate was unchanged at
4.3 percent.
Factors specific to motor vehicle purchases
were also mixed. For example, interest rates on
new-car loans at commercial banks changed little,
but the prices of new motor vehicles decreased,
partly reflecting manufacturers' sales-incentive
programs.
Imports of motor vehicles turned down, and
exports turned up. Purchases by government
decreased more than in the first quarter.
Motor vehicle inventory investment decreased
slightly less than in the first quarter; the secondquarter decrease reflected a step-up in the liquidation of auto inventories. The inventory-sales
investment was largely accounted for by retail
trade.
Motor vehicles.—Real motor vehicle output increased 8.9 percent in the second quarter after
decreasing 18.7 percent in the first (table 3). The
upturn was accounted for by auto output.
Table 2.—Contributions to Percent Change in Real Gross
Domestic Product
[Seasonally adjusted at annual rates]
1998
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable go<
Services
Gross private domestic investment
Fixed investment
Presidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
1999
3.7
6.0
4.3
2.3
2.78
.20
.42
2.15
1.22
.33
-.08
.01
-.09
.41
.89
-.62
-.32
.04
-.36
-.30
-.32
.01
3.48
1.90
.84
.74
1.42
1.95
1.52
.17
1.35
.43
-.53
.52
2.02
1.76
.26
-1.50
-1.46
-.04
4.56
1.09
1.77
1.70
1.31
1.58
.91
.15
.76
.66
-.27
-2.23
-.58
-.68
.10
-1.65
-1.42
-.23
2.73
.48
.59
1.67
.52
1.38
1.15
-.03
1.18
.23
-.86
-.75
.49
.36
.13
-1.24
-1.22
-.03
.27
-.09
.17
-26
.35
.60
.44
.06
.38
.16
.70
-.08
-.23
.14
.78
-.21
-.19
-.13
-.07
-.01
August 1999
NOTE.-NIPA table 8.2 also shows contributions for 1998:1 and 1998:11.
Table 3.—Motor Vehicle Output, Sales, and Inventories
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of chained (1992) dollars
Level
1999
Change from preceding quarter
1998
1998
1999
1999
IV
IV
I
287.3
115.3
171.5
-7.7
4.5
-12.1
43.2
11.6
31.4
-15.0
-14.5
-.6
6.1
6.8
-.5
-11.2
17.8
-27.9
87.7
48.9
122.9
-18.7
-39.4
-1.4
8.9
27.2
-1.1
Less: Exports
Autos
24.2
15.9
8.3
-4.6
-1.6
-2.9
2.7
2.6
.1
-1.6
-1.4
-.2
1.6
1.4
.1
-54.0
-37.9
-70.3
62.1
106.8
6.1
-24.4
-31.8
-8.9
30.4
46.4
5.6
Plus: Imports
Autos
Trucks
99.0
79.6
19.4
-1.9
-2.7
.7
12.3
11.3
1.1
8.2
5.8
2.4
-2.6
-5.5
2.9
-9.2
-14.6
27.0
76.6
85.1
37.0
40.0
32.7
86.2
-9.8
-23.7
93.5
Equals: Gross domestic purchases
Autos
Trucks
362.1
178.8
182.7
-5.2
3.3
-S.4
52.7
20.4
32.2
-5.1
-7.1
2.0
2.0
-.5
2.3
-6.4
8.4
-50.2
86.5
58.9
121.9
-5.5
-14.4
4.4
2.2
-1.0
5.3
Less: Change in business inventories
Autos
Trucks
-2.9
-9.3
5.8
13.4
9.3
4.2
16.2
4.9
10.9
-5.2
-5.3
0
-4.8
-5.9
.9
Equals: Final sales to domestic purchasers
Autos
Trucks
364.6
187.6
176.7
-18.6
-5.9
-12.8
36.5
15.6
21.0
0
-1.9
1.8
6.5
5.1
1.5
-20.2
-12.7
-27.5
53.8
42.2
67.4
0
-4.1
4.4
7.5
11.7
3.3
Addenda:
Personal consumption expenditures
Producers' durable equipment
Gross government investment
215.7
142.6
7.7
-5.8
-11.3
-2.0
22.9
11.6
2.2
-2.0
3.5
-1.4
1.6
6.6
-1.6
-11.2
-29.9
-56.8
56.6
43.9
141.9
-3.6
11.1
-42.4
3.1
21.1
-52.0
Output....
Autos ..
Trucks .
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
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 1999
SURVEY OF CURRENT BUSINESS
ratio for new domestic autos, which is calculated
from units data, decreased from 2.1 at the end of
the first quarter to 1.9 at the end of the second;
the traditional industry target is 2.4.
Prices
As noted, the price index for gross domestic
purchases, which measures prices paid by U.S.
residents for goods and services wherever produced, increased 2.1 percent in the second quarter
after increasing 1.2 percent in the first (chart 2
and table 4). A sharp upturn in energy prices
accounted for the step-up. The price index for
gross domestic purchases less food and energy
increased 1.4 percent after increasing 1.3 percent.
The GDP price index, which measures prices
paid for goods and services produced in the
United States, increased 1.6 percent, the same as
in the first quarter. This index, unlike the price
index for gross domestic purchases, excludes the
prices of imports and includes the prices of exports. Import prices increased 4.0 percent after
decreasing 3.3 percent; the price of petroleum imports jumped from an average of $10.38 per barrel
in the first quarter to an average of $14.85 per
barrel in the second, largely reflecting a decision
in March by the Organization of Petroleum Exporting Countries (OPEC) and some non-oPEC oil
producing countries to cut production by about 3
percent. Export prices decreased slightly in both
quarters.
PCE prices increased 2.5 percent after increasing
1.2 percent. Energy prices mainly accounted for
the step-up, as gasoline and oil prices increased
sharply after a moderate decrease; the price of
fuel oil and coal also turned up. Food prices
increased less than in the first quarter, and the
prices of PCE excluding food and energy increased
somewhat more than in the first quarter.
Prices of nonresidential fixed investment decreased 1.5 percent after decreasing 2.0 percent.
Prices of nonresidential structures increased more
than in the first quarter, and prices of producers' durable equipment decreased about the same
as in the first quarter. The price of information
processing equipment, including computers and
peripheral equipment, decreased less than in the
first quarter; the price of transportation equipment increased less than in the first quarter, as
auto prices turned down.
Prices of government consumption expenditures and gross investment increased 2.9 percent,
slightly less than in the first quarter. A slowdown in prices paid by the Federal Government
was largely offset by a step-up in prices paid by
State and local governments. Prices paid by the
Federal Government increased 0.8 percent after
increasing 6.6 percent; the first-quarter increase
had reflected a pay raise for civilian and military personnel. Prices paid by State and local
governments increased 4.1 percent after increasing 1.3 percent; the step-up largely reflected an
upturn in prices paid for nondurable goods and
an acceleration in prices paid for structures.
Table 4.—Price Indexes
[Percent change at annual rates; based on seasonally adjusted index numbers
(1992=100))
Gross domestic product
Less. Exports of goods and services
Plus: Imports of goods and services .
Gross Domestic Purchases Prices:
Change From Preceding Quarter
1996
1997
1998
Note—Percent change at annual rate from preceding quarter;
based on seasonally adjusted index numbers (1992=100).
U.S. Department of Commerce, Bureau of Economic Analysis
1999
1.6
1.6
-.6
-3.3
-.2
4.0
1.2
2.1
1.2
2.1
2.8
-6.8
1.1
2.0
-6.8
1.2
1.8
-2.4
2.5
1.2
28.2
1.1
1.3
1.3
1.6
-3.6
1.2
-5.3
-2.5
1.8
-4.0
-2.0
.9
-3.0
-1.5
2.3
-2.8
Private residential investment
3.7
4.2
2.2
2.7
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
1.5
.4
.4
.5
2.1
1.5
1.5
1.8
1.1
1.5
3.1
6.6
6.0
7.6
1.3
2.9
.8
1.0
.4
4.1
1.1
1.3
1.4
Equals: Final sales to domestic purchasers
Private nonresidential fixed investment
Structures
Producers' durable equipment
-2
0.8
-.9
-.2
Less: Change in business inventories
Personal consumption expenditures
Food
Energy
Personal consumption expenditures less food
and energy
Less Food and Energy
1.0
-2.8
-4.8
Equals: Gross domestic purchases
Percent
Total
1999
1996
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.
SURVEY OF CURRENT BUSINESS
Personal income
Personal income (in current dollars) increased
$93.2 billion in the second quarter, about the
same as in the first (table 5). Disposable personal income—personal income less personal tax
and nontax payments—increased $75.2 billion,
and personal outlays increased $100.4 billion; as
the increase in outlays exceeded that in income,
personal saving fell. The personal saving rate decreased to negative 1.1 percent from negative 0.7
percent (chart 3).
Wages and salaries increased $60.2 billion after
increasing $74.2 billion. The slowdown reflected
slowdowns in the service industries and in the
government; government wages and salaries had
increased sharply in the first quarter as a result
of the pay raise for Federal workers. Wages and
salaries for goods-producing industries and for
distributive industries increased more than in the
first quarter.
August 1999 •
5
Proprietors' income increased $11.6 billion after increasing $1.4 billion. The step-up was more
than accounted for by farm proprietors' income,
which turned up. The upturn was primarily accounted for by farm subsidy payments, which
increased after decreasing. (The first-quarter decrease was from an unusually high fourth-quarter
level that had reflected an acceleration in subsidy payments authorized by the Federal 1998
Omnibus Budget Resolution.) Farm income excluding subsidies decreased less in the second
quarter than in the first, mostly because of an upturn in livestock output. Nonfarm proprietors'
income increased less than in the first quarter.
Transfer payments increased $6.8 billion after
increasing $16.9 billion. The large first-quarter
increase had primarily been due to cost-of-living
increases in several Federal transfer programs and
to an increase in the Earned Income Tax Credit
program.
Table 5.—Personal Income and Its Disposition
[Billions of dollars; seasonally adjusted at annual rates]
Level
Selected Personal Income and
Saving Measures
Change from preceding
quarter
1999
1999
1938
Billions $
140
4,377.2
3,661.2
1,060.3
766.9
983.0
1,617.9
716.0
59.5
52.6
4.8
.1
13.6
34.2
6.9
65.7
59.1
9.4
3.2
15.7
34.0
6.5
74.2
62.2
10.7
5.1
9.9
41.6
12.0
60.2
55.5
12.2
7.7
11.6
31.7
4.8
Other labor income
419.6
2.7
2.6
3.7
4.9
Proprietors' income with IVA and CCAdj
Farm
Nonfarm
609.9
24.0
585.9
4.4
-5.5
6.9
1.4
20.8
9.5 -12.2
13.6
11.3
11.6
1.5
10.1
Rental income of persons with CCAdj
Personal dividend income
Personal interest income
171.0
272.7
777.8
2.6
.9
6.2
3.9
2.7
.7
.2
3.1
1.1
3.3
3.9
6.8
1,182.0
7.1
5.4
16.9
6.8
367.7
4.4
4.6
9.3
4.3
Personal income
7,442.5
78.9
97.1
91.4
93.2
Less: Personal tax and nontax payments
1,162.1
15.5
16.5
19.2
18.0
Equals: Disposable personal income
6,280.4
63.5
80.7
72.1
75.2
Less: Personal outlays
6,351.1
76.5
93.8
117.1
100.4
-70.7 -13.0
-13.2
-44.9
-25.2
Wage and salary disbursements .
Private industries
Goods-producing industries .
Manufacturing
Distributive industries
Service industries
Government
CHANGE IN REAL DPI
Transfer payments to persons
Lass: Personal contributions for social insurance
lll.lllllllllI
Equals: Personal saving
Addenda: Special factors in personal income:
In wages and salaries:
Federal Government and Postal Service pay adjustments .
6.1
0
In farm proprietors' income:
Subsidies
7.4
10.1
-6.9
0
6.3
25.3
1.2
0
0
-1.2
6.3
3.4
In transfer payments to persons:
Social security retroactive payments
Cost-oMiving adjustments in Federal transfer programs
Earned Income Tax Credit and Child Tax Credit payments
1996
1997
1998
1999
Note—Changes are from preceding quarter; based on seasonally adjusted annual
rates.
U.S. Department of Commerce, Bureau of Economic Analysis
In personal tax and nontax payments:
Recent tax law changes
N o m - t t o s t dollar levels are in NIPA table 2.1.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
-.6
6.1
-5.7
4.2
SURVEY OF CURRENT BUSINESS
6 • August 1999
Personal interest income, rental income of persons, and personal dividend income increased
more in the second quarter than in the first.
Personal contributions for social insurance,
which is subtracted in the calculation of personal
income, increased $4.3 billion after increasing $9.3
billion. The slowdown was primarily due to
a slowdown in the growth of the taxable wage
base.
Personal tax and nontax payments increased
$18.0 billion after increasing $19.2 billion. The
slowdown was due to a slowdown in the growth
of wages and salaries and to State tax refunds
mandated by State legislatures. 0
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SURVEY OF CURRENT BUSINESS
August 1999
A Preview of the 1999 Comprehensive Revision
of the National Income and Product Accounts
Definitional and Classificational Changes
By Brent R. Moultony Robert P. Parker, and Eugene P. Seskin
N OCTOBER, the
Bureau of Economic Analysis
(BEA) will release the initial results of a
comprehensive, or benchmark, revision of the
national income and product accounts (NIPA'S).
This revision is the nth of its kind; the last such
revision was released in January 1996.
Comprehensive revisions differ from annual
NIPA revisions because of the scope of the changes
and because of the number of years subject to
revision. Comprehensive revisions incorporate
three major types of improvements: (1) Definitional and classificational changes that update the
accounts to more accurately portray the evolving
U.S. economy, (2) statistical changes that update
the accounts to reflect the introduction of new
and improved methodologies and the incorporation of newly available and revised source data,
and (3) presentational changes that update the
NIPA tables to reflect the definitional, classificational, and statistical changes and to make the
tables more informative.
Comprehensive revisions, and to a lesser extent annual revisions, provide the opportunity
to introduce major changes that are outlined in
BEA'S strategic plan for maintaining and improving its economic accounts.1 The plan emphasizes
efforts to provide new and improved measures
of output, investment, saving, and wealth and
to increase the consistency of the accounts with
international guidelines.2
This article on the definitional and classificational changes is the first in a series of articles
about the comprehensive revision. An article in
the September issue will describe the new and
redesigned tables; subsequent articles will de1. The BEA strategic plan is available on our Web site at
<www.bea.doc.gov>; click on "BEA'S mission." BEA'S plan was presented and
discussed at a conference of major users of the economic accounts in March
1995; see "Mid-Decade Strategic Review of BEA'S Economic Accounts: An
Update," SURVEY OF CURRENT BUSINESS 75 (April 1995): 48-56.
2. For detailed information on the international guidelines for national
accounts, see Commission of the European Communities, International Monetary Fund, Organisation for Economic Co-operation and Development,
United Nations, and the World Bank, System of National Accounts 1993
(Brussels/Luxembourg, New York, Paris, and Washington, DC, 1993).
scribe the statistical changes and other aspects
of the revision, including estimates of the effects
of the definitional, classificational, and statistical
changes.
In this comprehensive revision, the following
definitional and classificational changes will be
introduced.
• Recognize business and government expenditures for software as fixed investment
• Reclassify government employee retirement
plans
• Modify the treatment of private noninsured
pension plans
• Reclassify certain transactions as capital
transfers
• Redefine dividend payments by regulated investment companies to exclude distributions
that reflect capital gains income
• Redefine the value of imputed services of
regulated investment companies
• Reclassify several government taxes and
transfer programs
• Reclassify as financial transactions the implicit subsidies associated with Federal direct
loan housing programs
• Reclassify directors' fees
In the following sections of the article, each
change is described, the reason for the change is
given, and the effects on the accounts is provided.
With the exception of the change related to software, for which rough estimates are provided,
the other changes will have little or no effect on
gross domestic product (GDP) or on gross domestic income (GDI). Among these other changes, the
^classifications of government pensions and of
capital transfers will significantly affect the estimates of personal saving and of the government
current surplus or deficit, and the modification
of private noninsured pension plans will significantly affect the estimates of corporate profits
8 • August 1999
SURVEY OF CURRENT BUSINESS
and of net interest. Estimates of these effects will
be provided in subsequent articles.
For each change, table 1 shows the aggregates
and components from the current NIPA fiveaccount system (see table 2) that will be affected
and the initial year of revision. A technical note
at the end of the article describes the methodology that BEA has developed in order to implement
the change that recognizes software expenditures
as investment.
Business and government expenditures for
software
Business and government expenditures for software will be recognized as fixed investment,
beginning with 1959. This change represents another step in the effort to improve the NIPA
measures of investment and saving. Software will
be recognized as investment because, like other
assets currently included in fixed investment, it
produces a flow of services that lasts more than 1
year; BEA estimates that the average service life is
3-5 years, depending on the type of software. The
new treatment also eliminates an inconsistency in
the NIPA estimates of investment, in which "embedded," or bundled, software is included but
software purchases by both business and government are excluded. The change will provide users
of the accounts with better information on the
important role of software in the economy, re-
flecting the rapid growth in software purchases
in the past decade. In addition, it will make
the NIPA'S more consistent with the economic
accounts of most other countries.3
Currently, except for software embedded in
equipment by the producer of that equipment,
business purchases and the costs associated with
own-account production of software are classified
as inputs to production, and government purchases and own-account production of software
are classified as government consumption expenditures ("own-account" production refers to
software produced by a business or government
for its own use).
As a result of the new treatment, GDP will be
increased by business purchases and own-account
production of software, by government enterprises purchases and own-account production of
software, and by the depreciation, or consumption of fixed capital (CFC), on general government
purchases and own-account production of software. For general government, the depreciation
3. As part of the 1993 revision of the international guidelines, the definition of investment was expanded to include the following types of intangible
assets that are expected to be used for more than 1 year: Mineral exploration,
computer software, databases, and literary and artistic works. The NIPA'S
previously had included mineral exploration as investment; the recognition
of databases and literary and artistic works as investment was not considered
for this comprehensive revision.
Table 1.—Major Definitional and Classificational Changes
Change
Components affected
Private fixed investment in equipment and software, government consumption expenditures and
gross investment, proprietors' income, consumption of fixed capital, corporate profits, subsidies
less current surplus of government enterprises, personal saving, and government current surplus or deficit.
Reclassify government employee retirement plans
PCE, government consumption expenditures and gross investment, employer contributions for social insurance, personal contributions for social insurance, other labor income, personal saving,
personal income, personal outlays, personal dividend income, dividends received by government, personal interest income, net interest paid by government, transfer payments to persons
from government, transfer payments to the rest of the world from government (net), transfer
payments to the rest of the world from persons (net), and government current surplus or deficit.
Modify the treatment of private noninsured pension plans ... Corporate profits, dividends, rental income of persons, personal dividend income, net interest, and
personal interest income.
Reclassify certain transactions as capital transfers
Corporate profits, subsidies less current surplus of government enterprises, personal tax and
nontax payments, personal saving, transfer payments to the rest of the world from persons
(net), transfer payments to the rest of the world from government (net), government current
surplus or deficit, and net foreign investment.
Dividends, undistributed profits, personal dividend income, and personal saving
Redefine dividend payments by regulated investment
companies to exclude distributions that reflect capital
gains income.
Redefine the value of imputed services of regulated
PCE, government consumption expenditures and gross investment, personal interest income, net
investment companies.
interest, and net interest paid by government.
Reclassify several government taxes and transfer programs PCE, S&L government consumption expenditures and gross investment, employer contributions
for social insurance, personal contributions for social insurance, subsidies less current surplus
of government enterprises, transfer payments to persons, personal tax and nontax payments,
personal saving, government current surplus or deficit, and the statistical discrepancy.
Reclassify as financial transactions the implicit subsidies
Net interest, subsidies less current surplus of government enterprises, and net interest paid by
associated with Federal direct loan housing programs.
government.
Reclassify directors' fees
Proprietors' income, other labor income, the statistical discrepancy, and personal saving
Recognize business and government expenditures for
software as fixed investment.
1. This change will affect the estimates through 1981 (see the section in the text).
PCE Personal consumption expenditures
S&L State and local
Initial year of
revision
1959
1929
1946
1929
1946 1
1959
1938 (Federal)
1973 (S&L)
1968
1929
SURVEY OF CURRENT BUSINESS
August 1999
Table 2.—Summary National Income and Product Accounts
Account 1.—National Income and Product Account
Personal consumption expenditures
Gross private domestic investment
Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services
Exports
Imports
Government consumption expenditures and gross investment
Federal
State and local
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income
Proprietors' income with IVA and CCAdj
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
Profits tax liability
Dividends
Undistributed profits with IVA and CCAdj
Net interest
National income
Business transfer payments
Indirect business tax and nontax liability
Less: Subsidies less current surplus of government enterprises
Consumption of fixed capital
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
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT
Account 2.—Personal Income and Outlays Account
Personal tax and nontax payments
Personal outlays
Personal consumption expenditures
interest paid by persons
Personal transfer payments to the rest of the world (net)
Personal saving
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
Transfer payments to persons
Less: Personal contributions for social insurance
PERSONAL TAXES, OUTLAYS, AND SAVING
PERSONAL INCOME
Account S.—Government Receipts and Expenditures Account
Consumption expenditures
Transfer payments
Net interest paid
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Less: Wage accruals less disbursements
Current surplus or deficit (-), national income and product accounts
Personal tax and nontax payments
Corporate profits tax liability
Indirect business tax and nontax liability
Contributions for social insurance
Employer
Personal
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS
GOVERNMENT RECEIPTS
Account 4.—Foreign Transactions Account
Exports of goods and services
Receipts of factor income
Imports of goods and services
Payments of factor income
Transfer payments to the rest of the world (net)
Net foreign investment
RECEIPTS FROM THE REST OF THE WORLD
PAYMENTS TO THE REST OF THE WORLD
Account 5.—Gross Saving and Investment Account
Gross private domestic investment
Gross government investment
Net foreign investment
Personal saving
Wage accruals less disbursements (private)
Undistributed corporate profits with IVA and CCAdj
Consumption of fixed capital
Government current surplus or deficit (-), national income and product accounts
Statistical discrepancy
GROSS INVESTMENT
GROSS SAVING AND STATISTICAL DISCREPANCY
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
10
SURVEY OF CURRENT BUSINESS
represents a partial measure of the services of the
stock of government software.4
Based on preliminary estimates for 1996, this
change will increase GDP by about 1V2 percent,
or $115 billion—about $95 billion in private fixed
investment and about $20 billion in government
consumption expenditures and gross investment.
The effects on NIPA components due to the
recognition of software as investment by business and by government are described below,
followed by a section on how the recognition will
affect the NIPA tables, including the five summary accounts.5 For a summary description of
the methodology used to prepare the newly developed estimates of the output and prices necessary
to implement this change, see the technical note
at the end of this article.
Business.—Business purchases of software will be
added to fixed investment and thus to GDP. Currently, these purchases are treated as intermediate
inputs; as a result, they are omitted from the calculation of GDP as the sum of final expenditures,
and they are subtracted from gross output in the
calculation of gross product by industry.6 Business own-account software production, measured
as the sum of the costs of production, will also be
added to fixed investment and thus to GDP. For
the calculation of industry gross product, ownaccount software production will be redefined as
part of gross output and thus will be added to
the gross output and gross product of industries
engaged in producing own-account software.7
The recognition of software as investment will
also affect the business incomes and private
CFC components of GDI. Business incomes (proprietors' income and corporate profits) will be
increased by the elimination of the deductions
for the purchases of software and by the addition
of the value of the production of own-account
software as a receipt. These effects will be partly
offset by the deduction of the CFC on both
purchased software and own-account software
production.
4. The service value of an asset should be measured as the reduction in
the value of the asset as a result of its use in the current period (measured
by the depreciation) plus a return equal to the value the asset could earn if it
were invested elsewhere. Source data to estimate this return are not currently
available.
5. For both business and government, purchases of software will consist
of purchases of both prepackaged and custom software.
6. Estimates of gross product by industry that reflect the NIPA revision
will be released in the spring of 2000. For information on gross product
by industry, see Sherlene K.S. Lum and Brian C. Moyer, "Gross Product by
Industry, 1985-97," SURVEY 78 (November 1998): 20-40.
7. This treatment is the same as that for own-account, or "force-account,"
new construction and major improvements, which is currently recognized as
investment in private and government structures in the NIPA'S.
Government—Purchases of software by general
government agencies will be reclassified to gross
government investment from government consumption expenditures. In addition, as is the current convention for all government investment,
the services of purchased software, measured
by depreciation, will be added to government
consumption expenditures and thus to GDP.8
Own-account production of software by general government agencies, measured as the sum
of the costs of production, will also be reclassified
to gross government investment from government consumption expenditures, and CFC on
own-account software production will be added
to government consumption expenditures. As
a result of the redassification of the costs of
own-account software production, the compensation of employees engaged in own-account
production and the related costs of production,
such as rent and utilities, will be classified as
investment expenditures rather than as consumption expenditures. The gross product of general
government, which is measured as the sum of
compensation of employees (including compensation related to own-account production) and
CFC, will increase by the value of the CFC of
software investment.
For government enterprises, purchases of software and own-account software production will
be added to gross government investment and
thus to GDP.9 Government consumption expenditures will not be affected, because the current
purchases of government enterprises are treated
as costs of production and thus are deducted
in the calculation of the current surplus of
government enterprises, a business-type income
component of GDI. The effect on the current
surplus of government enterprises is similar to
that on proprietors' income and corporate profits
discussed above; that is, the surplus will be increased by the elimination of the deductions for
the purchases of software and by the addition of
the value of own-account software production as
a receipt, and it will be reduced by the deduction of the CFC on both purchased software and
own-account software production.
8. For a discussion of the treatment of investment by government agencies, see "Preview of the Comprehensive Revision of the National Income
and Product Accounts: Recognition of Government Investment and Incorporation of a New Methodology for Calculating Depreciation," SURVEY 75
(September 1995): 33-41.
9. For a detailed discussion of the treatment of government enterprises,
see "Recognition of Government Investment," 34-35; arid Government Transactions, Methodology Paper No. 5 (November 1988), which is available from
the National Technical Information Service, accession no. PB 90-118480, and
on BEA'S Web site at <www.bea.doc.gov>.
SURVEY OF CURRENT BUSINESS
Effect on the five summary accounts,—The recognition of business and government expenditures
for software as investment will affect the following major components of the five summary
accounts of the NIPA'S.
In the national income and product account
(account 1), GDP will increase to reflect the
amounts of purchased and own-account software
by business in private fixed investment, of purchased and own-account software of government
enterprises in gross government investment, and
of software CFC of general government in government consumption expenditures. Purchased
software by general government agencies will
be reclassified from government consumption
expenditures to gross government investment.
Within GDI, the components proprietors' income,
corporate profits, and the current surplus of
government enterprises will increase for most periods, because the elimination of deductions for
purchased software and the addition of the value
of own-account software as a receipt are expected
to exceed the deduction of software CFC. The
CFC component of GDI will increase to reflect the
addition of the software CFC.
In the personal income and outlay account (account 2), personal income and personal saving
will increase for most periods by the amount of
the change in proprietors' income.
In the government receipts and expenditures
account (account 3), government consumption
expenditures will decrease for most periods by
the sum of the amounts of general government
purchased software and of general government
own-account compensation and other production costs, less the amount of general government
software CFC. The current surplus of government enterprises will increase by the sum of
the amounts of government enterprises purchased software and of government enterprises
own-account compensation and other production costs, less the amount of government enterprises software CFC. The "government current
surplus or deficit" will increase for most periods by the amounts of the change in government
consumption expenditures and the change in the
current surplus of government enterprises.
In the foreign transactions account (account 4),
receipts from the rest of the world and payments
to the rest of the world will not be affected.
In the gross saving and investment account (account 5), personal saving, undistributed corporate profits, CFC, the government current surplus
or deficit, gross private domestic investment, and
gross government investment will change as de-
scribed above. Gross saving and gross investment
will increase by the same amount as the sum of
the changes in gross private domestic investment
and in gross government investment.
Changes in series titles.—The recognition of software as investment will result in the following changes to series titles for major NIPA tables: The title of the nonresidential producers'
durable equipment component of private fixed
investment will be changed to "equipment and
software"; the title of the residential producers' durable equipment component of private
fixed investment will be changed to "equipment";
and the title of the equipment component of
gross government investment will be changed to
"equipment and software." In addition, annual
and quarterly estimates of private investment in
software will be published.
The next article in this series on the comprehensive NIPA revision will provide additional
details on the specific tables affected by these
changes.
Government employee retirement plans
Government employee retirement plans will no
longer be classified as social insurance funds
within the government sector. The reclassification will cover Federal civilian, Federal military,
and State and local government retirement plans
and will treat these plans similarly to private
pension plans.10 It will also achieve greater
comparability with the treatments by other countries.11 The change, which will be carried back to
1929, will not affect GDP, GDI, or national saving,
but it will increase personal saving and decrease
government saving by offsetting amounts.
Under the new treatment, employer contributions will be reclassified to personal income (in
other labor income in compensation of employees) from government receipts (in contributions
10. The reclassification covers unfunded retirement plans, such as the military retirement plan as it existed before a trust fund was established in the
fourth quarter of 1984. The change will not affect the Federal Government
employees' Thrift Savings Plan (TSP), a tax-deferred retirement savings plan
that is similar to a 4Oi(k) plan and invests in a variety of financial assets; the
NIPA'S currently treat the TSP similarly to a private noninsured pension plan.
The treatment of other social insurance funds will not be affected;
these funds include old-age, survivors, and disability insurance (social security), hospital insurance (medicare), unemployment insurance, and workers'
compensation insurance. Social security has features similar to those of government and private employee pension plans, but it also has other features
that make it different from those plans. For example, social security benefit
payments are not directly proportional to prior earnings; low-wage earners
receive a much larger proportion than do high-wage earners. In addition,
social security benefits are provided to society at large rather than to specific
groups of employees.
11. The System of National Accounts (SNA) recommends that both private
and government employee retirement plans appear in a subsector for insurance corporations and pension funds; however, BE A is deferring a decision
on sector reclassification, pending a review of differences in the classifications
between the NIPA'S and the SNA.
August 1999
•
11
12 • August 1999
SURVEY OF CURRENT BUSINESS
for social insurance) and current expenditures
(partly in compensation of general government
employees in consumption expenditures and
partly in compensation of government enterprise
employees in the expenses used to estimate the
current surplus of government enterprises). Personal contributions will no longer be included
in government receipts (in contributions for social insurance) and as a deduction from personal
income (in personal contributions for social insurance). Interest and dividends received by
the retirement plans will be reclassified to personal income (in personal interest income and
in personal dividend income) from a deduction
in government current expenditures (in government interest and dividends received).12 Benefits
paid by the plans will be treated as transactions
within the personal sector rather than as transfer
payments from government to persons. Benefits paid to beneficiaries living outside the United
States will be treated as transfer payments to
the rest of the world (net) from persons rather
than from government.13 The administrative expenses associated with the plans will be treated
as personal consumption expenditures (PCE) (in
expense of handling life insurance and pension
plans in personal business services) rather than as
government current expenditures (in consumption expenditures). As a result of these changes,
the savings associated with the plans will appear
in personal saving rather than in the government
current surplus or deficit.14
Effect on the five summary accounts.—The reclassification of government employee pension plans
will affect the following major components of the
five summary accounts of the NIPA'S.
In the national income and product account
(account 1), GDP and national income will not be
affected. Within GDP, government consumption
expenditures will decrease, and PCE will increase,
by the amount of the reclassified administrative
expenses. Within national income, other labor
income will increase, and employer contributions
for social insurance will decrease, by the amount
of the reclassification of employer contributions.
In the personal income and outlay account (account 2), personal income will increase by the
amounts of employer and personal contributions,
12. Interest paid by the Federal Government to Federal employee retirement plans will be included in personal interest income and in Federal interest
paid. Currently, this transaction is within the government sector and is not
shown in the NIPA'S.
13. Data are not currently available to estimate benefits paid from State
and local government plans to beneficiaries living outside the United States.
14. These savings equal employer contributions plus personal contributions plus interest received plus dividends received less benefits paid less
administrative expenses.
dividends received, and interest received, and it
will decrease by the amount of transfer payments
to persons. Personal outlays will increase by the
amounts of the reclassification of administrative
expenses (affecting PCE) and of the reclassification of transfer payments to the rest of the
world (net). Personal saving will increase by the
amount of the difference between the increase
in personal income and the increase in personal
outlays.
In the government receipts and expenditures
account (account 3), government receipts will decrease by the amounts of employer and personal
contributions. Government current expenditures
will decrease by the amounts of reclassified administrative expenses (in consumption expenditures) and benefits paid (in transfer payments),
and it will increase by the amounts of interest and
dividends received. The "government current
surplus or deficit" will decrease by the amount of
reclassified savings associated with the plans.
In the foreign transactions account (account
4), receipts from the rest of the world and payments to the rest of the world will not be affected.
An increase in transfer payments to the rest of
the world from persons (net) will be offset by a
decrease in transfer payments to the rest of the
world from government (net).
In the gross saving and investment account (account 5), gross investment and gross saving will
not be affected. An increase in personal saving
will be offset by a decrease in the "government
current surplus or deficit."
Private noninsured pension plans
The treatment of noninsured pension plans as it
relates to the measurement of corporate profits
and to the recording of property income—rents,
dividends, and interest—will be modified. The
corporate profits that are associated with the
plans will be recorded as zero; the property income will be recorded as being received directly
by persons in the corresponding components of
personal income. Currently, the profits of these
plans are negative because they are defined to
equal net dividends (paid less received), and all
sources of property income are treated as imputed interest paid by business to persons. This
modification in treatment will increase profits,
will increase rental income of persons and personal dividend income, and will decrease net
interest and personal interest income. The increases in rental income and in dividend income
will be offset by the decrease in personal interest
income, GDP, national income, personal income,
SURVEY OF CURRENT BUSINESS
personal saving, and business saving will not be
affected.
Capital transfers
Certain transactions now included in the NIPA'S
will be reclassified as capital transfers. These
transactions, which mainly represent transfers of
existing assets and so do not affect the level of
disposable income in the current period, will
be removed from the NIPA'S, which record onlytransactions that reflect current production and
the related income and saving.15 This reclassification, which will be carried back to 1929, will
not affect GDP, but it will affect national saving.
Capital transfers are transactions in which one
party provides something (usually cash) to another party without receiving anything in return,
and these transactions are linked to, or are conditional upon, the acquisition or the disposition
of an asset.
The classification of a transaction as a capital
transfer is sometimes difficult because a transaction may represent the acquisition or disposition
of an asset to one party and disposable income to
the other party. For example, estate and gift taxes
are linked to the transfer of assets and therefore
are capital transactions from the point of view of
the household; however, from the government's
point of view, these taxes represent funds that
are available for spending and would be considered as current transactions. In general, BEA will
follow international guidelines in which a transaction is classified as a capital transfer if it is
viewed as a capital transaction by either party to
the transaction. As a result of the reclassification of these transactions, the NIPA'S will be more
closely aligned with the international guidelines
for national economic accounts.16 In order to facilitate comparisons of NIPA measures of saving
with other measures of saving, estimates of capital transfers will continue to be published as part
of the NIPA tables (see the upcoming article on
presentational changes to the NIPA tables).17
The following transactions will be reclassified
as capital transfers: (1) Federal Government investment grants to State and local governments
for highways, transit, air transportation, and
water treatment plants (now part of Federal Government grants to State and local governments);
(2) Federal Government investment subsidies to
business, that is, maritime construction subsidies
(now part of Federal subsidies); (3) estate and
gift taxes (now part of personal tax and nontax payments); (4) immigrants' transfers to the
United States (now part of personal transfer payments to the rest of the world); and (5) Federal
Government forgiveness of debt owed by foreign
governments (the forgiveness of original principal
amounts is currently excluded from the NIPA'S as
a financial transaction; the forgiveness of accrued
interest is currently part of government transfer
payments to the rest of the world).18
In a related reclassification, the capital transaction "capital grants received by the United
States (net)," which is now a NIPA category in
the foreign transactions account, will be dropped
from the NIPA'S; this change is consistent with
international guidelines.19
Effect on the five summary accounts.—The reclassification of capital transfers will affect the
following major components of the five summary
accounts of the NIPA'S.
In the national income and product account
(account 1), GDP and its expenditure components will not be affected. National income and
corporate profits will decrease by the amount
of Federal Government investment subsidies to
business (maritime construction subsidies), GDI
will not be affected; the decrease in national income will be offset by a corresponding decrease in
subsidies, which is subtracted in the calculation
of GDI.
In the personal income and outlay account
(account 2), personal income and its components will not be affected. Personal outlays will
15. The NIPA investment flows are used to prepare BEA'S accounts of the
stock of fixed assets presented in Fixed Reproducible Tangible Wealth, 1925-94
(forthcoming). A new table, which will be described in the forthcoming article on presentational changes, will provide an integration of the estimates of
the stocks of fixed assets and inventories and the associated investment flows.
BEA intends to continue its work toward developing integrated accounts of
the stocks and flows of nonfinancial and financial assets, with the objective
of developing national balance sheets. When that objective is reached, the
capital transfers will be presented as part of a capital account.
17. Because some data users are specifically interested in the series on
estate and gift taxes, quarterly estimates will be made available through STATUSA as "unpublished detail."
18. In future comprehensive revisions, BEA will consider redassifying additional transactions as capital transfers. For example, a portion of Federal
disaster assistance programs and Federal Government investment grants to
foreign countries might be classified as capital transfers. To date, BEA has
been unable to complete the conceptual and statistical work required to
implement these additional ^classifications.
16. The U.S. international transactions accounts were recently restructured
to show capital transfers to or from the rest of the world in a separate
capital account; this change brought the U.S. accounts closer to existing
international guidelines for balance of payments accounts. For more details,
see Christopher L. Bach, "U.S. International Transactions, Revised Estimates
for 1982-98," SURVEY 79 (July 1999): 63-64.
19. This category consists primarily of allocations of special drawing rights
(SDR'S), which are international reserve assets created by the International
Monetary Fund (IMF) and allocated to its members, but they are not considered to be liabilities to any organization. Allocations of SDR'S by the IMF are
not therefore considered to be transactions between two parties: The United
States gains an asset, but the IMF does not acquire a liability.
August 1999
•
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14 • August 1999
SURVEY OF CURRENT BUSINESS
increase, and personal saving will decrease, by the
amount of immigrants' transfers to the United
States; these transfers are now classified as negative entries in personal transfer payments to the
rest of the world (net). Personal tax and nontax payments will decrease, and personal saving
will increase, by the amount of estate and gift tax
payments. On balance, personal saving will be
higher.
In the government receipts and expenditures
account (account 3), total government receipts
will decrease by the amount of estate and gift
taxes, which are now part of personal tax and
nontax payments. Government current expenditures will decrease by the amounts of Federal
Government investment subsidies to business
(now part of Federal subsidies) and of the accrued interest included in debt forgiveness (now
part of transfer payments to the rest of the world
from government (net)). In addition, both Federal Government current expenditures and State
and local government receipts will decrease by
the amount of Federal Government investment
grants to State and local governments. These
grants are now part of Federal grants-in-aid to
State and local governments, which are current
expenditures for the Federal Government and receipts for State and local governments, but they
are consolidated in the total government account.
In the foreign transactions account (account
4), receipts from, and payments to, the rest of
the world will decrease by the amount of the
presently published capital grants received by the
United States (net) category. Transfer payments
to the rest of the world from persons (net) will increase, and net foreign investment will decrease,
by the amount of immigrants' transfers to the
United States. Transfer payments to the rest of
the world from government (net) will decrease,
and net foreign investment will increase, by the
amount of the accrued interest included in debt
forgiveness. Net foreign investment will decrease
by the amounts of the capital grants and of the
immigrants' transfers to the United States, and
it will increase by the amount of the accrued
interest included in debt forgiveness.
In the gross saving and investment account (account 5), gross investment and gross saving will
decrease by the same amount as net foreign investment. Personal saving will increase, and the
"government current surplus or deficit" will decrease, by the amount of estate and gift taxes.
The "government current surplus or deficit" will
increase, and undistributed corporate profits will
decrease, by the amount of Federal Govern-
ment investment subsidies to business (maritime
construction subsidies).
Dividend distributions of regulated investment
companies
As part of the 1998 annual NIPA revision, dividend payments were redefined to exclude the
distributions of regulated investment companies
(mutual funds) that reflect capital gains income.20
In the annual revision, the estimates were carried
back to 1982; for this comprehensive revision, the
estimates for 1946-81 will be revised.
This change will affect dividend payments of
mutual funds and the aggregates that include
them. Personal income (personal dividend income) and personal saving will decrease, and
undistributed corporate profits will increase, by
the amount of the capital gains distributions that
are excluded, GDP, GDI, corporate profits, and
gross saving will not be affected.
Imputed services of regulated investment
companies
The value of the imputed services of regulated investment companies—that is, mutual funds—will
be redefined to equal operating expenses; currently, the value of the imputed services is defined
as net property income received. This redefinition, which will be carried back to 1959, will affect
GDP and GDI but not national saving.
In the NIPA'S, an imputation is made to account for the implicit service charges of financial
intermediaries. The output of these intermediaries is equal to these charges plus any explicit
charges. The imputed service is allocated among
GDP expenditure components based on each sector's share of deposits with mutual funds. The
imputed services of mutual funds that are allocated to persons and to governments are included in GDP as part of the component "services
furnished without payment by financial intermediaries except life insurance carriers and private
noninsured pension plans" in PCE and in government consumption expenditures. The imputed
services allocated to businesses are treated as intermediate inputs and thus are not included in
GDP.
The imputation is in GDI as an interest income payment, which is a measure of the income
associated with the production of the implicit
20. See Eugene P. Seskin, "Annual Revision of the National Income and
Product Accounts," SURVEY 78 (August 1998): 29.
SURVEY OF CURRENT BUSINESS
service.21 In domestic net interest, a component
of GDI that equals interest paid by domestic business less interest received by domestic business,
the total imputed payment is included as interest
paid, and the payments received by business are
included in interest received. The payments to
persons are included in personal interest income,
a component of personal income. The payments
to government are included in net interest paid by
government (as a subtraction), a component of
government current expenditures. The payments
to domestic business are included in net interest
paid by domestic business (as a subtraction).
Currently, mutual funds are classified as depository institutions, and the value of the implicit
service charge is defined as the difference between
property income received and property income
paid.
In the mid-1990's, the source data that had
been used to measure this net property income
showed unusually large increases. In the 1997
annual NIPA revision, BEA determined that the
underlying source data had a number of practical problems, including the effects of significant
lags between the receipt of income by the regulated investment companies and its distribution
to shareholders. Consequently, BEA changed its
methodology for estimating the imputed charges
of these companies and began extrapolating their
charges using operating expenses, as measured by
"total deductions" reported on their income tax
returns.
Under the new definition, the value of the
imputed service charges will be defined as operating expenses; it will be measured as "total
deductions" plus implicit charges by securities
dealers and "services famished without payment"
by other financial intermediaries. The effect of
this redefinition will be to increase GDP and GDI
in some years and to decrease them in other years.
Within GDP, PCE and government consumption
expenditures will be affected, and within GDI, net
interest will be affected. Personal saving and the
government current surplus or deficit will not be
affected. For personal saving, the change in personal interest income will be offset by the change
in personal outlays. For the government current
surplus or deficit, the change in consumption expenditures will be offset by the change in net
interest paid by government.
In addition, beginning with this comprehensive
revision, the consumption of the imputed serv21. The imputation of income payments to depositors is made so that the
imputation for implicit service charges by financial intermediaries does not
affect national or sector measures of saving.
ice charges of regulated investment companies by
State and local governments will be recognized,
and the allocation to other GDP expenditure
components will be revised accordingly.
Government taxes and transfer programs
The following paragraphs describe the reclassifications of several Federal tax items and State and
local contributions and transfer items. None of
these ^classifications will affect GDP; except for
a reclassification of certain excise taxes, GDI and
national saving will not be affected.
The refunds under the Federal Insurance Contribution Act (FICA) will be reclassified as negative contributions for social insurance; currently,
the FICA refunds are treated as offsets to personal
income taxes. As a result of this change, the
treatment of FICA refunds will be consistent with
the present treatment of FICA payments, which
are treated as contributions for social insurance.
The change, which will be carried back to 1938,
will increase nonwithheld income taxes and decrease contributions for social insurance by the
amounts of the FICA refunds; Federal receipts and
the current surplus or deficit will not be affected.
The excise taxes related to private pension
plans, such as taxes on pension-plan "reversions," will be reclassified as business nontaxes;
currently, these taxes are treated as personal nonwithheld income taxes. This change recognizes
that these excise taxes are more like fees than like
conventional taxes and that they are paid by the
employer. The change, which will be carried back
to 1982, will decrease personal nonwithheld income taxes, and will increase business nontaxes,
by the amounts of these excise taxes, GDI and
the statistical discrepancy will be affected; the increase in business nontaxes (indirect business tax
and nontax liability) will not be offset in corporate profits, because excise taxes are already
deducted in the source data used to estimate corporate profits. Federal receipts and the current
surplus or deficit will not be affected. Disposable personal income and personal saving will
increase.
The food-cost portion of the Special Supplemental Nutrition Program for Women, Infants,
and Children (wic) will be reclassified as State
and local transfer payments to persons and added
to PCE; currently, these food-related expenditures
are classified as State and local consumption expenditures. This change recognizes that the food
benefits associated with wic are similar to those
in the Federal food stamp program, which are
classified as transfer payments to persons. This
August 1999 •
15
16 • August 1999
SURVEY OF CURRENT BUSINESS
change, which will be carried back to 1974, will
increase State and local transfer payments to persons, personal income, and PCE, and will decrease
State and local consumption expenditures, by the
amounts of these expenditures. State and local current expenditures, the current surplus or
deficit, and personal saving will not be affected.
Payments for foster care and for adoption
assistance will be reclassified as "other" public assistance. Currently, the federally funded
portion of these payments is treated as "family assistance," and the State-funded portion of
foster care assistance is treated as "other" State
and local transfer payments (the State-funded
portion of adoption assistance was not previously estimated). The change will combine both
types of payments—regardless of the source of
government funding—into one category, recognizing that the current classification of the
federally funded portion as family assistance is
not consistent with the definition of the items
in that category, and it will include estimates
of State-funded adoption assistance. As a result of the change, family assistance will decrease,
and "other" public assistance will increase, by
the amounts of the federally funded payments.
"Other" State and local transfer payments will decrease, and "other" public assistance will increase,
by the amounts of the State-funded foster care
payments (beginning with 1973). State and local
transfer payments to persons will increase by the
amounts of State-funded adoption assistance not
previously captured (beginning with 1985). State
and local government consumption expenditures
will decrease by the amounts of federally funded
payments (beginning with 1982) and the amounts
of State-funded adoption assistance (beginning
with 1985); previously, only the State-funded portion of foster care assistance had been removed
from consumption expenditures.
Implicit subsidies associated with Federal direct
loan housing programs
Implicit subsidy payments and offsetting interest
payments that are associated with Federal direct
loan housing programs will be reclassified as financial transactions back to 1968; as such, they
will be removed from the NIPA'S. Currently, the
difference between the contract interest and the
interest actually owed (depending on certain income conditions) on these loans is included in
subsidy payments to homeowners and, as an offset within government expenditures, in interest
received from them by the Federal Government.
The change will eliminate both of these payments
and will result in consistency with the treatment
of interest subsidy costs of other direct loan credit
programs. These costs are classified as financial transactions and thus are excluded from the
NIPA'S, because transactions in financial assets
represent the exchange of existing assets rather
than current income or production.
The reclassification of the implicit payments
will increase net interest paid by government,
and will decrease subsidy payments, by the same
amount; thus, government current expenditures
and the government current surplus or deficit
will not be affected.22 GDP will not be affected;
in GDI, the decrease in subsidy payments will be
offset by a decrease in net interest. Rental income of persons will not be affected, because the
removal of the subsidy will be offset by the reduction in interest payments. National income
will be reduced by the amount of the decrease in
net interest. Personal interest income, personal
income, and personal saving will not be affected.
Directors9 fees
The fees that are paid to outside directors—
that is, directors who are not employees of the
company on whose board they serve—will be
reclassified from other labor income to nonfarm proprietors' income.23 This reclassification,
which will be carried back to 1929, will not
affect GDP, but because it will eliminate a doublecounting of these fees in the NIPA'S that began in
1979, it will affect GDI, the statistical discrepancy,
and national saving, beginning with 1979.
Directors' fees will be reclassified to proprietors' income for two reasons. First, in 1979,
directors were instructed to report the fees as
part of business income on Schedule C of their
individual income tax return Form 1040. As a
result, these fees are included in the estimates
of nonfarm proprietors' income, which are based
on tabulations of business tax returns; currently,
these fees are also included in other labor income,
where they are derived independently on the basis of the compensation paid to corporate officers
that is reported on corporate income tax returns.
Second, Schedule C does not separately identify
these fees, so they cannot be measured and used
to estimate other labor income.
For all years, the change will reduce other labor
income by the amount of the current estimates
22. For some years, there will be additional effects because the amounts
of the implicit payments recorded in interest and in subsidies were not the
same.
23. Director's fees paid to employees who serve on their company's board
of directors are classified as wages and salaries.
SURVEY OF CURRENT BUSINESS
of directors' fees, and for years prior to 1979, the
change will increase proprietors' income by that
amount. Thus, prior to 1979, personal income
and national income will not be affected; beginning with i£79, personal income and national
income will be reduced by the same amount as
other labor income.
Technical Note
Methodology for Estimates of Software
One of the major definitional changes that will be
introduced in the upcoming comprehensive revision of the NIPA'S is the recognition of software as
investment. This note describes the methodologies that BEA has developed to prepare (1) annual
estimates of business and government purchases
of software, (2) annual estimates of own-account
production of software, (3) price indexes that are
needed to prepare the real estimates for both
types of software, and (4) estimates of consumption of fixed capital (CFC) and business incomes.
The methodologies used to prepare the estimates
for the most recent periods are described at the
end of the note.
More detailed information about the methodologies and the historical quarterly estimates will
be available after the release of the comprehensive
revision.
Current-dollar estimates
For 1987 and 1992, the estimates of business
and government purchases of prepackaged software and custom software are based on estimates from the benchmark input-output (1-0)
accounts. For other years, estimates are prepared
using the commodity-flow method in which directly measured output is allocated among the
various expenditure components, primarily using
relationships from the benchmark 1-0 accounts.24
First, the estimates of the total output of purchased software are derived. Beginning with
1985, output is based on industry receipts data
from the Census Bureau's service annual survey.25 For 1960-84, output is based on trade
source data on revenues for software and computer services, and for 1959, output is based on
24. For a description of these accounts, see U.S. Department of Commerce, Bureau of Economic Analysis, Benchmark Input-Output Accounts of
the United States, 1992 (Washington, DC: U.S. Government Printing Office,
1998). For a description of the commodity-flow method, see Benchmark
Input-Output Accounts, M-5.
25. Beginning with 1990, the receipts data are derived from data for the
following two industries: Computer programming services (sic industry 7371)
and prepackaged software (sic 7372). For 1985-89, the receipts data are derived from data for the computer and data processing services industry (sic
737).
a judgmental trend. Second, estimates of purchases by households are derived, beginning with
1974. For 1977-91, these purchases are estimated
using data from the Bureau of Labor Statistics
(BLS) consumer expenditures survey; for 1992,
these purchases are from the benchmark 1-0 table and are based on Census Bureau retail sales
and services receipts from the 1992 Economic
Censuses, and beginning with 1993, these purchases are based on data from the Census Bureau
retail trade surveys. Third, net exports of software are derived, beginning with i960, from data
on trade in goods from the Census Bureau.26
Fourth, estimates of business purchases of software that is embedded in other equipment and
of the change in business inventories of software
are prepared using benchmark 1-0 relationships
of these transactions to total output.27 Fifth,
total investment is estimated as the difference between total output and the sum of the estimates
from steps two, three, and four. Finally, the
total investment estimates are divided between
business purchases and government purchases,
using benchmark 1-0 relationships of business
purchases and of government purchases to total
investment.
For own-account software, newly developed estimates have been prepared to measure this type
of investment in software.28 Own-account production of software is measured as the sum of
production costs; in general, these costs consist of the following: Intermediate inputs; factor
incomes, such as compensation of employees;
nonfactor charges, such as indirect business taxes;
and CFC. Because of the lack of available source
data, these costs are limited to intermediate
inputs and compensation of employees.
Beginning with 1985, total output of ownaccount software is calculated by multiplying the
number of programmers and systems analysts in
selected industries times a factor to account for
the share of time spent doing tasks associated
with software investment, times the median wage
rate in those industries, times various factors that
cover nonwage compensation costs and intermediate inputs. Data on the number of computer
programmers and systems analysts by industry
26. The definitional change does not affect the current estimates of consumer purchases of software or exports and imports of software, so these
estimates are used in the new methodology.
27. Annual estimates of software inventories are available only from the
benchmark 1-0 tables. For the calculation of investment in prepackaged
software, it is assumed that the inventory changes for all years except 1987
and 1992 are zero.
28. Federal Government agencies provide data on obligations for information technology to the Office of Management and Budget; however, these data
do not provide sufficient detail to estimate the costs that are solely related to
own-account production.
August 1999 •
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• August 1999
SURVEY OF CURRENT BUSINESS
are then used to provide estimates of output
for private employees, for Federal Government
employees, and for State and local government
employees.
Data on the number of programmers and
systems analysts are available from BLS by occupation and by industry.29 In order to avoid
double-counting the work performed by some
of these employees to create embedded software
or to produce software for sale, an adjustment
is made to the total number of programmers
and systems analysts that reduces the number of
employees from the mining, manufacturing, and
business services industries. This adjustment is
made judgmentally on the basis of unpublished
BLS data on the employment of computer programmers and systems analysts as a share of all
industry employment.
Data on the proportion of time spent by
programmers and systems analysts on the development of new software are based on a private
study.30
Wages are derived from BLS data on median
weekly earnings for computer programmers and
systems analysts.31 The other production costs
are derived as follows: Nonwage compensation,
on the basis of the relationship between compensation and wages derived from published NIPA
data by industry;32 and intermediate inputs, on
the basis of the relationship between intermediate
inputs and compensation derived primarily from
the Census Bureau's census of service industries.33
For years before 1985, this methodology is
modified to reflect the availability of source data.
For 1972-84, the modifications are as follows:
Trade source data are used for the total number of programmers and systems analysts; the
NIPA measure of wages and salaries per full-time
equivalent employee for the business services industry (sic 73) is used for the median wage rates
of business; and price indexes for compensation of Federal nondefense employees and for
compensation of State and local noneducation
employees are used for median wage rates for
29. See Bureau of Labor Statistics, "Employment by Occupation and Industry, 1983-96" in the National Industry-Occupation Employment Matrix
(unpublished).
30. Barry W. Boehm, Software Engineering Economics (Englewood Cliffs,
NJ: Prentice-Hall, 1981): 533~35> 548-50.
31. See "Median Usual Weekly Earnings of Full-time Wage and Salary
Workers by Detailed Occupation and Sex, 1996" Employment and Earnings
(January 1998): table 39. The estimates in this table are based on data
collected in the current population survey.
32. See NIPA tables 6.2, 6.4, and 6.6.
33. The relationship is primarily based on data in the 1987 Census of Service
Industries: Capital Expenditures, Depreciable Assetsy and Operating Expenses
(Washington, DC: U.S. Government Printing Office (GPO), 1991) and the 1992
Census of Service Industries: Capital Expenditures, Depreciable Assets, and
Operating Expenses (Washington, DC: U.S. GPO, 1996).
government. For 1959-71, a different methodology is used; the business and the government
estimates of own-account software production
are extrapolated back using NIPA measures of
business purchases of computers and peripheral
equipment.
Prices
Currently, the information available on the prices
of prepackaged software is limited, and no information is available on the prices of custom
software or of own-account software. To estimate real software investment, BEA is developing
quality-adjusted price indexes in order to better
reflect the rapid technological changes in these
products.
Prepackaged software.—The
price indexes for
prepackaged software are based on information from the following sources: BEA hedonic
price indexes for 1985-94 for business applications; matched-model indexes for selected types
of prepackaged software, including spreadsheets,
databases, and word processing; matched-model
price indexes for 1985-93 that were developed by
Steven Oliner and Daniel Sichel;34 and beginning
with December 1997, a BLS producer price index
(PPI) for applications software that is also based
on prices of matched models.
For 1985-93, the quality-adjusted price index
is estimated by combining the BEA-developed
hedonic price indexes and the Oliner-Sichel
matched-model indexes, BEA developed hedonic price indexes for two types of prepackaged
software—spreadsheets and word processing.35
These hedonic price indexes are estimated using a
methodology that is an extension of earlier work
on software prices by Brynjolfsson and Kemerer
and by Gandal.36 The price index estimates are
based on regressions in which the logarithm of
prices of prepackaged software is a linear function
of selected quality characteristics and of dummy
variables for each year of the price observations.
The resulting indexes are "regression" price indexes in which the coefficients of the dummy
variables for each year are used to construct price
34. Steven Oliner and Daniel Sichel, "Computers and Output Growth
Revisited: How Big Is the Puzzle," in Brookings Papers on Economic Activity
vol. 2 (Washington, DC, 1994): 299-301.
35. The data on prices and quality characteristics used to estimate the
regressions are obtained from published editions of National Software Testing
Laboratories' Ratings Reports. These data are available only through 1994.
36. Erik Brynjolfsson and Chris F. Kemerer, "Network Externalities in
Microcomputer Software: An Econometric Analysis of the Spreadsheet Market," Center for Information Systems Research Working Paper No. 265
(Massachusetts Institute of Technology, November 1993), and Neal Gandal,
"Hedonic Price Indexes for Spreadsheets and an Empirical Test for Network
Externalities," Rand Journal of Economics vol. 25, no. 1 (Spring 1994): 164-70.
SURVEY OF CURRENT BUSINESS
index values for the sample periods of the regressions.37 The individual hedonic price indexes
for the two types of software are weighted together equally to produce a summary hedonic
price index for prepackaged software.
For 1985-93, the quality-adjusted price index
is estimated using an unweighted average of the
percent changes in the Oliner-Sichel matchedmodel index and the BEA summary hedonic
index. This approach reflects the concern that the
hedonic index may overstate price declines because over time, the characteristics of high-priced
packages with limited sales are incorporated into
lower priced packages that have much greater
sales.
For 1994-97, source data to prepare hedonic indexes are not available, so BEA is using private
source data on retail prices and quantities sold
to develop a matched-model index that covers
only business-oriented software. This index extends the Oliner-Sichel matched-model index to
1997; the BLS PPI series is then used to extend
the matched-model series to the current period.
In addition, an annual bias adjustment is made
because it is likely that the matched-model indexes understate quality-adjusted price declines;
quality improvements, such as enhanced power
and performance, tend to be introduced in new
versions of software, so they are not captured by
the matched-model estimates. The bias adjustment is equal to one-half the 6.3-percent per year
difference between the matched-model index and
BEA'S averaged index for 1985-94.
The price index for prepackaged software is extended back from 1985 using an indicator series
that is equal to 60 percent of the annual change in
BEA'S price index for computers and peripherals.
This percentage corresponds to the average difference for 1985-97 in the annual rates of change
in the computer and peripherals price index and
the annual rates of change in the prepackaged
software price index.
Own-account software.—The price indexes for
own-account software investment are input-cost
indexes that are calculated from a weighted
average of compensation rates for computer
programmers and systems analysts and the intermediate inputs associated with their work.
(These intermediate input costs vary somewhat,
but they average slightly more than half the
total costs.) Compensation cost indexes are
37. For a discussion of the construction of quality-adjusted price indexes
using hedonic methods, see Roseanne Cole et al, "Quality-Adjusted Price Indexes for Computer Processors and Selected Peripheral Equipment," SURVEY
66 (January 1986): 41-50.
estimated separately for government and for business own-account software investment because
the compensation rates for computer programmers and systems analysts in the two sectors have
moved somewhat differently over time.
For 1972-96, chain-weighted indexes of input
costs are calculated using estimates of compensation of programmers, compensation of systems
analysts, and intermediate inputs. The compensation rates for 1987-96 are based on BLS
estimates of median usual weekly earnings for
programmers and systems analysts; for 1972-86,
they are based on NIPA estimates of wages and
salaries per full-time equivalent employees in the
business services industry. A single intermediate
input index is used for business and government
for 1972-96; it is based primarily on detailed PPI'S.
These own-account price estimates are based on
the assumption that the productivity of computer programmers and systems analysts does
not change; thus, increases in their compensation rates pass directly into higher prices. This
assumption is the same as that made elsewhere
in the NIPA'S when prices are based on costs.
Beginning with 1997, a fixed-weighted index
(1996 weights) of compensation rates and intermediate input costs is used. In the next annual
NIPA revision, a chain-weighted index will be
incorporated for 1997.
Prior to 1972, a fixed-weighted index (1972
weights) of compensation rates and of intermediate inputs is used. Source data to calculate
weights are not available for these years.
Custom software.—Custom software consists of
both new programming and existing programs
or program modules, including prepackaged software, that is incorporated into new systems.
Therefore, the price index for custom software
is constructed as a weighted average of the
percentage changes in the price indexes for business own-account software and for prepackaged
software. The weights, which are selected arbitrarily, are 75 percent for changes in business
own-account software prices and 25 percent for
changes in prepackaged software prices.
CFC and business incomes
The CFC estimates for software are derived from
BEA'S capital stock estimates, which are prepared using the perpetual-inventory method.38
In determining the depreciation pattern, a 3year service life is used for prepackaged software,
38. For detailed information on the capital stock estimates, see Arnold
J. Katz and Shelby W. Herman, "Improved Estimates of Fixed Reproducible
Tangible Wealth, 1925-95," SURVEY 77 (May 1997): 69-92.
August 1999
•
19
20
• August 1999
SURVEY OF CURRENT BUSINESS
and a 5-year service life is used for both custom
software and own-account software; the 3-year
service life is the same as that used in current tax
law. (These service lives roughly correspond to
annual geometric depreciation rates of 55 percent
and 33 percent, respectively.) For business, the
capital consumption allowance (or tax-returnbased depreciation) is calculated using the same
service lives as the CFC; it is distributed by industry based on the distribution of the capital stock
of computers and peripheral equipment.
For consistency with the recognition of software as investment, the business incomes (proprietors' income and corporate profits) for each
industry having investment are changed as follows: The costs of the production of ownaccount software are added as a receipt, the
deductions for the purchases of software are
removed, and the depreciation on purchased software and own-account software production is
deducted.39 The estimates of own-account software production and purchases of software by
industry and by legal form of organization are
based on the investment data from BEA'S capital
stock estimates; the estimates of depreciation are
derived as described in the previous paragraph.
Methodologies for recent-period estimates
Except for the estimates of the prices of prepackaged software, the estimates of software investment for the most recent quarters are prepared
39. The changes reflect BEA'S use of business income tax returns as the primary source data for these NIPA estimates. Consequently, the actual amount
of the change reflects the extent to which businesses have been treating
software purchases as investment for income tax purposes and have been
deducting depreciation and not the value of the purchase; a special BEA analysis of income tax returns of large corporations indicated that the amounts
that were depreciated were small. For additional details, see Seskin, "Annual
Revision," 28-29.
using methodologies that differ from those just
described. For current-dollar purchases of software by business and by government, the last
annual totals for these estimates, which are based
on Census Bureau receipts data, are extrapolated using total wages for the computer programming services industry and the prepackaged
software industry—the two industries whose receipts are used to extrapolate the most recent i-o
benchmark estimates.
For current-dollar own-account production of
software, recent trends in the business purchases
and in the government purchases of computers
and peripheral equipment are used to extrapolate
the own-account series.
For prices of prepackaged software, the estimates are based on changes in the PPI for
applications software.
For prices of own-account software, a fixedweighted index is calculated using the weights
of the most recent year for which source data
are available. The costs of compensation of
computer programmers and systems analysts are
based on the BLS employment cost index for private industry white-collar employees. The costs
of compensation of government programmers
and systems analysts are based on the NIPA chaintype price indexes for compensation of Federal
nondefense employees and for compensation of
State and local noneducation employees. Estimates of prices for intermediate inputs are based
primarily on detailed PPI'S, as described earlier.
Price indexes for custom software are calculated as a weighted average of the percent changes
in the prices of prepackaged software and of
business own-account software. C2
SURVEY OF CURRENT BUSINESS
August 1999
21
Foreign Direct Investment in the United States
Preliminary Results From the 1997 Benchmark Survey
By William J. Zeile
•JJRELIMINARY
RESULTS
from
BEA'S
latest
JL benchmark survey of foreign direct investment in the United States (FDIUS) indicate that
the share of U.S. affiliates of foreign companies
in U.S. gross product originating in private nonbank industries increased slightly in 1997, while
their share in U.S. nonbank private employment
fell slightly.1
1. A U.S. affiliate is a U.S. business enterprise in which there is foreign
direct investment—that is, in which a single foreign person owns or controls, directly or indirectly, 10 percent or more of the voting securities of an
incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. The term "U.S. affiliate" denotes that
the affiliate is located in the United States; in this article, "affiliate" and "U.S.
affiliate" are used interchangeably.
A "person" is any individual, corporation, branch, partnership, associated
group, association, estate, trust, or other organization and any government
(including any corporation, institution, or other entity or instrumentality of
a government). A "foreign person" is a person who resides outside the 50
States, the District of Columbia, the Commonwealth of Puerto Rico, and all
U.S. territories and possessions.
The financial and operating data of U.S. affiliates cover the entire
operations of the U.S. affiliate, irrespective of the percentage of foreign
ownership.
Table 1.—Percentage of U.S. Private-Industry Gross Product
and Employment Accounted for by Nonbank US.
Affiliates, 1977-97
Gross product
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
.
,
2.3
2.5
2.9
3.4
4.2
4.3
4.3
4.4
4.3
4.3
4.5
5.0
5.4
5.5
5.9
5.8
5.8
6.0
5.9
6.2
6.3
Employment
1.7
1.9
2.3
2.7
3.1
3.2
3.3
3.4
3.4
3.5
3.7
4.3
4.9
5.1
5.3
5.1
5.0
4.9
4.9
5.0
4.9
NOTES.—For improved comparability with U.S.-affiliate gross product, gross product originating
in private industries was adjusted to exclude gross product originating in depository institutions
and private households, imputed rental income from owner occupied housing, and business
transfer payments.
For improved comparability with U.S.-affiliate employment, U.S. employment in private industries was adjusted to exclude employment in depository institutions and private households.
For consistency with the coverage of the data on U.S. employment in private industries, U.S.affiliate employment in Puerto Rico, in "other U.S. areas," and in "foreign" was excluded from
the U.S.-affiliate total when the employment shares were computed. Because the data used to
calculate gross product are not broken down by geographic location in the survey forms filed
by affiliates, this adjustment could not be made in computing affiliate shares of gross product.
The U.S.-affiliate share of gross product was 6.3
percent, up slightly from 6.2 percent in 1996 and
up considerably from 5.9 percent in 1995 (table 1
and chart 1). The 2 years of increases, which
followed several years of mild fluctuation, partly
reflected a renewed surge in new foreign direct
investment in the United States after a falloff
in the early i99o's.2 In the wake of the investment surge in the late 1980^, the affiliate share of
gross product had increased substantially, from
4.3 percent in 1986 to 5.9 percent in 1991.
Because U.S. affiliates tend to be relatively
concentrated in less labor-intensive sectors of
the economy (such as manufacturing), the
All data on the overall operations of nonbank U.S. affiliates are on a fiscal
year basis. Thus, for 1997, an individual affiliate's fiscal year is its financial
reporting year that ended in calender year 1997.
2. According to data from BEA'S annual survey of new foreign investments, outlays by foreign direct investors to acquire or establish businesses in
the United States increased from $15.3 billion in 1992 to $79.9 billion in 1996
and $69.7 billion in 1997 (the previous high was $72.7 million in 1988). Outlays by foreign direct investors surged to a record $201.0 billion in 1998, which
suggests that the affiliate share of U.S. private-industry GDP will increase
further when the figures for 1998 are available next year. See Mahnaz FahimNader, "Foreign Direct Investment in the United States: New Investment in
1998," SURVEY OF CURRENT BUSINESS 79 (June 1999): 16-23.
CHART 1
U.S. Affiliate Share of Gross Product
Originating in Private industries, 1980-97
1980
82
84
86
88
90: r 9?
U.S. Department of Commerce, Bureau of Economic Analysis
94 96
.
22 • August 1999
SURVEY OF CURRENT BUSINESS
share of U.S. affiliates in U.S. private nonbank
employment—4.9 percent—in 1997 was less than
their share in U.S. GDP. The affiliate share of employment was down slightly from 5.0 percent in
1996 and was considerably below the peak of 5.3
percent in 1991.
The benchmark survey results reported in this
article are preliminary and cover only nonbank
U.S. affiliates.3 The final results, which will be
released next year, will also cover bank affiliates. (For information, see the box "The 1997
Benchmark Survey'' on the next page.)
In the 1997 benchmark survey, a new industry
classification system that is based on the North
American Industry Classification System (NAICS)
was used to classify the data of the affiliates (see
the box "New Industry Classifications" on page
24); in previous surveys, the data were classified
3. The estimates for data items on the operations of nonbank affiliates
in 1996 are revised; for most of the key data items, the revisions from the
preliminary estimates resulted in changes of 3 to 6 percent in the totals.
by industry using a system based on the Standard
Industrial Classification (sic). The NAICS better
reflects new and emerging industries, industries
involved in the production of advanced technologies, and the growth arid diversification of service
industries.
In this article, the 1997 data on gross product
and other key items by industry are presented
on both the new NAics-based classifications and
the sic-based classifications; the data for earlier
years are presented on the sic-based classifications, the only basis on which these data are
available. The 1997 data on FDIUS operations
are among the first data to be collected on a
NAICS basis, so industry-level comparisons with
other data on U.S.-business operations are necessarily limited (in some cases, special tabulations
of the 1997 data on an sic basis are presented
to facilitate comparisons with other data that
are available only on an sic basis). In a related change, petroleum is no longer shown as
Data on Foreign Direct Investment in the United States
BEA collects three broad sets of data on foreign direct investment
in the United States (FDIUS): (1) Financial and operating data of U.S.
affiliates, (2) data on U.S. businesses newly acquired or established
by foreign direct investors (new investments), and (3) balance of payments and direct investment position data. This article presents the
financial and operating data; new investment data were published
in "Foreign Direct Investment in the United States: New Investment in 1998" in the June 1999 issue of the SURVEY OF CURRENT
BUSINESS; the balance of payments and direct investment position
data were published in the articles "The International Investment
Position of the United States at Yearend 1998" "U.S. International
Transactions, First Quarter 1999" and "Direct Investment Positions
for 1998: Country and Industry Detail," in the July 1999 issue of the
sheets and income statements, employment and compensation of
employees, trade in goods, research and development expenditures,
sources of finance, and selected data by State. In addition, the
gross product of affiliates is estimated from data reported in these
surveys.
Except in benchmark survey years, these data, unlike the new
investment data, cover only nonbank affiliates. (The preliminary
benchmark survey data presented in this article cover nonbank affiliates; the final data, which will be published next year, will also
cover bank affiliates.) The financial and operating data for affiliates
are on afiscalyear basis. The data cover the entire operations of the
U.S. affiliate, irrespective of the percentage of foreign ownership.
New investment data.—The data on outlays by foreign direct investors
to acquire or establish affiliates in the United States are
Each of the three data sets focuses on a distinct aspect of FDIUS.
collected in BEA'S survey of new FDIUS. The data on investment outThe financial and operating data provide a picture of the overall
lays and on the number and types of investment and investors are
activities of the U.S. affiliates; the new investment data provide inforon a calendar year basis.
mation about U.S. businesses that are newly acquired or established
In addition, the new investment survey collects selected data on
by foreign direct investors, regardless of whether the invested funds
the operations of the newly acquired or established affiliates. For
were raised in the United States or abroad; and the balance of paynewly acquired affiliates, these data are for (or as of the end of)
ments and direct investment position data cover transactions and
the most recent fiscal year preceding the acquisition, and for newly
positions of both new and existing U.S. affiliates with their foreign
established businesses, they are projected for (or as of the end of)
parents.1
the first year of operation. The data cover the entire operations of
Financial and operating data of U.S. affiliates.—The data on the over- the business, irrespective of the percentage of foreign ownership.
all operations of U.S. affiliates are collected in BEA'S annual and
Balance of payments and the direct investment position data.—These
benchmark surveys of FDIUS. The data cover U.S. affiliates' balance
data are collected in the quarterly survey of FDIUS. The data cover
the U.S. affiliated transactions and positions with its foreign parent
1. For a more detailed discussion of the differences between these three sets of data,
or other members of its foreign parent group, so these data focus
see Alicia M. Quijano, "A Guide to BEA Statistics on Foreign Direct Investment in the
on the foreign parent's share, or interest, in the affiliate rather than
United States," SURVEY 70 (February 1990): 29-37. This guide is available on BEA'S Web
on the affiliate's overall size or level of operations. The major items
site at <www.bea.doc.gov/bea/ail.htm>.
For a comparison of the data on affiliate operations with the data on new investment,
included in the U.S. balance of payments are direct investment capsee the appendix "Sources of Data" in Mahnaz Fahim-Nader and William J. Zeile,
ital flows, direct investment income, royalties and license fees, and
"Foreign Direct Investment in the United States: New Investment in 1994 and Affiliate
other services transactions with the foreign parent group.
Operations in 1993," SURVEY 75 (May 1995): 68-70.
SURVEY.
SURVEY OF CURRENT BUSINESS
a separate major industry in the tables; instead,
the various petroleum-related activities are distributed among the major NAICS industry groups
to which they belong.
The following are additional highlights of the
survey results for 1997:
• By country of ownership, the United Kingdom remained the largest investing country
in terms of affiliate gross product, followed
by Japan and Germany. Canada, which had
ranked as the third-largest investing country
in 1992, had dropped to fifth in 1997, below
France.
• By NAICS sector, the affiliate share of employment was highest in mining, followed
by manufacturing and information. Within
manufacturing, the affiliate share was highest
in the chemicals industry.
• By State, the affiliate share of total business
employment was highest in Hawaii, followed
by South Carolina and North Carolina.
• The net income of affiliates surged 75 percent
to a new high of $42.5 billion, mainly as a result of increased operating profits. The surge
continues a pattern of improved performance
August 1999
•
since 1992, when affiliates as a group reported
record net losses.
• The rate of return on assets of nonfinancial affiliates increased to 6.5 percent in 1997
from 6.0 percent in 1996. In comparison,
the rate of return for all U.S. nonfinancial corporations remained unchanged at 8.0
percent.
• Expenditures on research and development
(R&D) performed by affiliates accounted
for about 12 percent of the R&D performed by all U.S. businesses. The ratio of R&D to gross product for affiliates was 5 percent, twice the ratio for all
U.S. businesses. More than half of the
R&D performed by affiliates was accounted
for by affiliates in chemicals manufacturing and in computer and electronic product
manufacturing.
• The share of affiliate employment covered by collective bargaining agreements
was 15 percent, down from 20 percent in 1992, but higher than the 11percent share for all U.S. workers.
In
retail trade, the union-represented share
The 1997 Benchmark Survey
Benchmark surveys are BEA'S most comprehensive surveys of foreign direct investment, in terms of both coverage of companies and
subject matter. The 1997 survey covered all U.S. affiliates of foreign
direct investors that had assets, sales, or net income of more than $3
million. It collected detailed information on the financial structure
and operations of U.S. affiliates and on the transactions and positions between the U.S. affiliates and their foreign parents.
The concepts and definitions underlying the 1997 data are essentially the same as those for the 1992 benchmark survey. The
methodology of the 1997 survey will be published with the final survey results next year.
For the financial and operating data, the data from the benchmark survey extend universe estimates that begin with the year 1977
and that are derived from both annual and benchmark surveys. In
addition, the data will be used in preparing annual estimates in
subsequent nonbenchmark years; these estimates are derived by extrapolating forward the benchmark survey data by the sample data
reported in BEA'S annual surveys of foreign direct investment in the
United States.
Many of the items for which data were collected in the 1997 benchmark survey are also collected annually, but other items are collected
only in benchmark survey years. These items include expenditures on research and development performed by affiliates (whether
financed by themselves or by others), the number of employees covered by collective bargaining agreements, U.S. exports and imports
of goods by product and by country of destination or origin, and
U.S. imports of goods by intended use.
Affiliates with total assets, sales, or net income of more than $3
million were required to complete a benchmark survey report for
1997. Affiliates that did not meet these criteria were exempt from
reporting, but they had to file an exemption form with information on the affiliates' total assets, sales, and net income. Because
only very small affiliates were exempt from reporting, the exclusion
of their data from the preliminary results has virtually no effect in
terms of value.1 Estimates for these affiliates will be included in the
final benchmark survey data published next year.
In order to reduce the reporting burden of small enterprises, the
exemption level for the 1997 benchmark survey was raised to $3 million; the 1992 benchmark survey covered affiliates with assets, sales,
or net income of more than $1 million. This change has virtually
no effect on the published totals because the amounts involved are
negligible.
The preliminary results from the benchmark survey include estimates of data for reports that could not be fully processed in time
for publication. The final results will incorporate data from the reports received and processed after the publication of the preliminary
results. Revisions are generally expected to be small, but they could
be sizable for some countries, industries, States, or items.
To minimize the burden on respondents to the 1997 benchmark
survey, the long form that requested detailed information was filed
only by affiliates with assets, sales, or net income of more than $100
million. The short form was filed by smaller affiliates; for these
affiliates, BEA estimated the items that are only on the long form,
so that the published results are presented in the same detail for all
affiliates.
1. For example, the total assets of exempt affiliates was equal to only o.i percent of
the total assets of the covered affiliates.
23
24
• August 1999
SURVEY OF CURRENT BUSINESS
of employment for affiliates was much
higher than the share for all workers;
in manufacturing, the share for affiliates was slightly lower than that for all
workers.
• Affiliates accounted for 20 percent of U.S.
exports of goods and for 30 percent of
U.S. imports of goods. These shares were
down somewhat from earlier years, due
to reduced exports and imports by wholesale trade affiliates. By product, affiliates
accounted for 50 percent of U.S. exports
of mineral fuels and lubricants and for 55
percent of U.S. imports of road vehicles
and parts. By major U.S. trading partner, affiliates accounted for more than half
New Industry Classifications
This article introduces two changes in industry classification for
the FDIUS financial and operating data. First, the 1997 data presented here are based on new industry classifications derived from the
1997 North American Industry Classification System (NAICS). Second, petroleum is no longer shown as a separate major industry
in the tables; instead, beginning with 1997, the various petroleumrelated activities are distributed among the major NAICS industry
groups or sectors to which they belong.
The 1997 NAICS is the new industry classification system of the
United States, Canada, and Mexico. It supplants the 1987 Standard Industrial Classification (sic) system that has been used by the
United States.2 In the NAICS, classification is based on a productionoriented economic concept in which economic units with similar
production processes are classified in the same industry. In the sic,
classification is based on the production process for some industries and on the type of product produced for others. In addition,
the NAICS better reflects new and emerging industries, industries involved in the production of advanced technologies, and the growth
and diversification of service industries.
The 1997 NAICS classifications had to be adapted for use in BEA'S
surveys of direct investment, because the surveys collect data at the
enterprise level while the NAICS classifies establishments within an
enterprise. The major adaptation is the use of industry classifications
that are less detailed than those in NAICS. Many direct investment
enterprises are active in several industries, and it is not meaningful
to classify all their data in a single industry if that industry is defined too narrowly. Accordingly, the new NAics-based International
Survey Industry (ISI) classifications are limited to 197 industries,
compared with 1,170 U.S. industries in NAICS. For the most part, the
ISI classifications are equivalent to NAICS four-digit industries. (At
its most detailed level, NAICS classifies industries at a six-digit level.)
The 1997 benchmark survey data are the first data on FDIUS to be
classified by industry using the new NAics-based ISI classifications.
Other FDIUS data (including the 1992-96 financial and operating data
presented in this article) are classified by industry using the previous
ISI classifications that were based on the 1987 sic.
Many of the NAICS industries correspond directly to sic industries; similarly, many of the NAics-based ISI industries correspond
directly to sic-based ISI industries. However, many of these industries have been rearranged among the higher level groups in which
they appear. In addition, several new, higher level groups have
been introduced in NAICS. At the highest level of aggregation, the
20 industry groups—termed "sectors"—in the NAICS replace the 10
1. Office of Management and Budget, North American Industry Classification System:
United States, 1997 (Washington, DC, 1998). Information on NAICS can be accessed on
the Internet at <www.census.gov/epcd/www/naics.html>.
2. See Office of Management of Budget, Standard Industrial Classification Manual,
1987, (Washington, DC: U.S. Government Printing Office, 1987).
industry divisions in the sic. Several of the NAICS (and NAics-based
ISI) sectors do not correspond directly to these sic (and sic-based
ISI) industry divisions. For example, the new "information" sector
consists of industry groups from several sic industry divisions.3
The second major change in industry presentation is that the
various petroleum subindustries are no longer grouped in the major industry group "petroleum." Instead, beginning with the 1997
benchmark survey data, these subindustries are spread among the
NAics-based ISI sectors; for example, oil and gas extraction is now
included in mining, petroleum refining is in manufacturing, and
gasoline stations are in retail trade. For earlier years, petroleum is
shown as a separate major industry group because petroleum-related
activities accounted for a major portion of all direct investment activity; however, their relative importance has declined significantly
in recent years, reducing the need for a separate group. Accordingly, the industry presentation of the direct investment data has
been changed to bring it into conformity with that used for most
other data on the U.S. economy.
To facilitate the assessment of the impact of these two changes
and to provide a bridge between data classified on the old basis and
data classified on the new basis, the 1997 data are presented on both
bases. Data on the new basis are shown in tables 4, 8,13, 16, 17, 20,
22.3, and 24.3; data on the old basis are shown in tables 5, 9,12, 18,
22.1, 22.2, 24.1, and 24.2.
The changes in industry classification introduced here for the
FDIUS financial and operating data will be carried over to other direct investment series in the coming years. Next year, the data on
U.S. businesses newly acquired or established by foreign direct investors will be published based on the new classifications (see the
box "Data on Foreign Direct Investment in the United States"). Data
on U.S. direct investment abroad (USDIA) will be collected using the
new classifications, beginning with the 1999 benchmark survey of
USDIA, and preliminary results will be published in 2001. Estimates
of balance of payments transactions and direct investment positions
of FDIUS and USDIA will be published on the new classification basis
after the underlying data have been rebenchmarked to the 1997 and
1999 benchmark surveys.
3. Specifically, the information sector includes publishing, which is included in the
sic manufacturing industry division; "motion picture and sound recording industries'*
and "information and data processing services," which are included in the sic services
division; and broadcasting and communications, which are included in the sic transportation, communication, and public utilities division.
For additional information on the differences between the NAICS and the sic classifications (and therefore between the new NAics-based, and old sic-based, ISI classifications),
see NAICS: United States, 1997 and U.S. Census Bureau, 1997 Economic Census, Core
Business Statistics Series, Advance Report (Washington, DC: March 1999), which can be
accessed on the Internet at <www.census.gov/epcd/www/econ97.html>. For a description of NAics-based ISI classifications (and their relationship to the NAICS), see Bureau of
Economic Analysis, Guide to Industry and Foreign Trade Classifications for International
Surveys, which can be accessed at <www.bea.doc.gov/bea/surveys.htm>. A concordance
between the new NAics-based ISI codes and the old sic-based ISI codes will be available
on BEA'S Web site <www.bea.doc.gov> later this summer.
SURVEY OF CURRENT BUSINESS
August 1999
•
25
to acquire or establish U.S. businesses—and expansions in the operations of existing affiliates.
The U.S.-affiliate share of total U.S. gross product originating in private industries increased to
6.3 percent, the highest share in the two decades
for which annual data on affiliate operations have
been collected.
of U.S. exports of goods to Japan and for
more than half of U.S. imports of goods
from Japan, Switzerland, Germany, and
Sweden.
The rest of this article consists of two parts.
The first part discusses trends and patterns in affiliate operations using the data items that are
collected in both the benchmark and the annual
surveys of FDIUS. The second part presents findings from the data items that are collected only
in benchmark surveys.
Partly as a result of new foreign investment
in U.S. businesses, the total assets of affiliates
increased 13 percent, following a 12-percent increase. However, affiliate sales increased only 3
percent—the lowest rate of increase since 1991—
mainly because of selloffs of large affiliates in
wholesale trade (an industry characterized by
large sales relative to assets or other measures of
affiliate operations).
Trends and Patterns in Affiliate Operations
In 1997, gross product (or value added) of U.S. affiliates increased 7 percent to $385 billion, following an increase of 11 percent in 1996 (table 2). In
comparison, gross product originating in private
nonbank industries in current dollars increased
6 percent in 1997 and in 1996. The increase in
affiliate gross product in 1997 reflected both new
investments—that is, outlays by foreign investors
Reflecting the continued expansion of the
U.S. economy, expenditures on new plant and
equipment by affiliates increased 11 percent. (In
comparison, private fixed nonresidential investment in the United States increased 9 percent
in 1997.) The net income of affiliates increased
Table 2.-Selected Data of Nonbank U.S. Affiliates of Foreign Direct Investors, 1977-97
Billions of dollars
Billions of dollars
Gross
product
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996'
1997^
Percent change from
preceding year:
1987
1988
1989
1990
1991
1992
1993
1994
1995
. . .
1996
1997
Sales
Net
income
Corn*
pensation
of
employees
Thousands
of
employees
Gross property, plant,
ana equipment
Total
assets
Total
Research
and
development
expenditures1
U.S. exports of goods
shipped by affiliates
U.S. imports of goods
shipped to affiliates
Of which:
To the
foreign
parent
group2
Of which:
From the
foreign
parent
group2
Total
Total
35.2
42.9
55.4
70.9
98.8
103.5
111.5
128.8
134.9
142.1
157.9
190.4
223.4
239.3
257.6
266.3
285.7
313.0
322.6
358.1
384.9
194.0
241.5
327.9
412.4
510.2
518.1
536.6
593.6
633.0
672.0
744.6
886.4
1,056.6
1,175.9
1,185.9
1,232.0
1,329.4
1,443.5
1,544.6
1,667.6
1,717.2
4.0
4.8
7.3
8.8
11.2
3.8
5.6
9.6
5.4
2.5
7.8
12.0
9.3
-4.5
-11.0
-21.3
-4.4
8.1
15.5
24.4
42.5
18.8
24.2
31.7
40.0
54.8
61.5
66.8
73.2
79.9
86.5
96.0
119.6
144.2
163.6
176.0
182.1
193.0
200.6
206.4
220.6
230.3
1,218.7
1,429.9
1,753.2
2,033.9
2,416.6
2,448.1
2,546.5
2,714.3
2,862.2
2,937.9
3,224.3
3,844.2
4,511.5
4,734.5
4,871.9
4,715.4
4,765.6
4,840.5
4,941.8
5,105.0
5,164.3
143.5
181.2
228.6
291.3
407.0
476.4
531.7
602.5
741.1
838.0
943.7
1,200.8
1,431.3
1,550.2
1,752.6
1,825.2
2,065.8
2,206.7
2,388.7
2,681.7
3,034.4
66.8
80.7
101.2
127.8
188.0
225.2
244.0
269.5
295.2
320.2
353.3
418.1
489.5
578.4
640.1
660.8
705.7
754.4
769.5
825.7
866.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
89.9
104.0
124.8
146.5
165.8
172.6
173.9
173.1
168.4
167.6
172.2
7.6
9.3
11.2
16.9
26.7
28.1
23.2
25.2
28.9
28.5
33.0
44.3
55.2
69.6
69.8
61.4
63.2
68.2
74.5
90.6
100.8
0.9
1.2
1.6
1.9
3.1
3.7
4.2
4.7
5.2
5.8
6.5
7.8
9.5
11.5
11.9
13.7
14.2
15.6
17.5
18.0
19.7
24.9
32.2
44.3
52.2
64.1
60.2
53.9
58.2
56.4
49.6
48.1
69.5
86.3
92.3
96.9
103.9
106.6
120.7
135.2
140.9
140.9
11.7
16.6
22.1
21.0
26.9
25.0
22.6
27.1
25.9
21.9
19.1
26.4
34.3
37.8
42.2
48.8
47.4
51.1
57.2
60.8
62.8
43.9
56.6
63.0
75.8
82.3
84.3
81.5
100.5
113.3
125.7
143.5
155.5
171.8
182.9
178.7
184.5
200.6
232.4
250.8
268.7
261.5
30.9
39.5
45.3
47.0
52.2
51.9
54.8
70.5
81.7
93.4
108.2
118.4
129.9
137.5
132.2
137.8
150.8
174.6
191.2
197.7
195.5
11.1
20.6
17.4
7.1
7.7
3.4
7.3
9.5
3.1
11.0
7.5
10.8
19.0
19.2
11.3
.9
3.9
7.9
8.6
7.0
8.0
3.0
218.1
54.1
-22.9
n.m.
n.m.
n.m.
n.m.
n.m.
90.5
57.4
74.5
11.0
24.6
20.5
13.5
7.6
3.5
6.0
3.9
2.9
6.9
4.4
9.7
19.2
17.4
4.9
2.9
-3.2
1.1
1.6
2.1
3.3
1.2
12.6
27.3
19.2
8.3
13.1
4.1
13.2
6.8
8.2
12.3
13.2
10.3
18.3
17.1
18.2
10.7
3.2
6.8
6.9
2.0
7.3
4.9
n.a.
15.7
20.0
17.4
13.1
4.1
.7
-.4
-2.7
-.5
2.7
15.8
34.2
24.5
26.1
.3
-12.1
3.1
7.8
9.3
21.6
11.2
12.4
20.1
20.8
21.7
3.0
15.4
3.7
9.6
12.7
2.5
9.5
-3.0
44.6
24.1
6.9
5.0
7.2
2.6
13.2
12.0
4.2
-12.6
38.3
29.7
10.2
11.8
15.5
-2.9
8.0
11.9
6.3
3.3
14.2
8.4
10.5
6.5
-2.3
3.2
8.7
15.8
7.9
7.1
-5.7
15.8
9.4
9.8
5.8
-3.8
4.3
9.4
15.8
9.5
3.4
-1.1
p Preliminary.
r
Revised.
* Less than 0.05 percent.
1. Research and development funded by affiliates, whether performed by the affiliates themselves or by others.
2. The foreign parent group consists of (1) the foreign parent, (2) any foreign person, proceeding up the foreign
Of which:
Commercial
property
Expenditures for
new plant
and
equipment
O
parent's ownership chain, that owns more than 50 percent of the person below it, up to and including the UBO,
and (3) any foreign person, proceeding down the ownership chain(s) of each of these members, that is owned
more than 50 percent by the person above it.
n.a. Not available.
n.m. Not meaningful.
SURVEY OF CURRENT BUSINESS
26 • August 1999
75 percent, continuing a sharp uptrend from the
large net losses recorded in 1992.
Employment by affiliates increased only 1 percent, following a 3-percent increase. In comparison, total U.S. employment in private industries
increased 3 percent in 1997; much of this increase
was in service industries, where foreign direct
investment activity is relatively sparse. U.S. employment in manufacturing, where foreign direct
investment is relatively concentrated, decreased 1
percent. The share of private industry employment that was accounted for by U.S. affiliates
dipped slightly from 5.0 percent in 1996 to 4.9
percent in 1997.
The slower growth in affiliate employment in
1997 was the result of a smaller increase in employment from new investments and a larger
reduction in employment from sales and liquidations of affiliates: New investments increased
affiliate employment by 307,900—compared with
373,200 in 1996—and sales and liquidations reduced employment by 313,800—compared with
286,300 (table 3). As in 1996, the increase in
affiliate employment from expansions of existing operations exceeded the reduction in affiliate
employment from cutbacks in operations.
U.S. exports of goods shipped by affiliates
were unchanged in 1997, due to substantially reduced exports by large wholesale trade affiliates—
particularly by affiliates specializing in the trade
of agricultural commodities and by affiliates of
Japanese general trading companies. The reduced exports by these Japanese-owned affiliates
reflected weakened demand associated with the
appreciation of the dollar against the Japanese
yen (which made U.S. goods more expensive
in Japan) and sluggish economic conditions in
Japan. Foreign parents' selloffs of affiliates were
a secondary factor that contributed to the reduction in exports in wholesale trade. The affiliate
share of total U.S. exports of goods decreased
from 23 percent in 1996 to 20 percent in 1997; the
share accounted for by affiliate exports to their
foreign parent groups decreased from 10 percent
to 9 percent.
U.S. imports of goods shipped to affiliates decreased 3 percent, following a 7-percent increase
in 1996. The decrease in 1997 was more than accounted for by a decrease in imports by wholesale
trade affiliates; imports by manufacturing affiliates continued to increase. The affiliate share of
total U.S. imports of goods decreased from 34
percent to 30 percent; the share accounted for by
affiliate imports from their foreign parent groups
decreased from 25 percent to 22 percent.
Gross product
This section examines the relative magnitude of
affiliate operations—measured by affiliate gross
product—by industry of affiliate and by country
of ultimate beneficial owner (UBO). 4 The industry distribution of affiliate operations in 1997 is
presented both in terms of the new industry classification system that is based on NAICS and in
terms of the old sic-based system. Comparisons
with the industry distributions of affiliate operations in earlier years are made in terms of the
sic-based system.
4. The UBO is that person, proceeding up a U.S. affiliate's ownership
chain, beginning with and including the foreign parent, that is not owned
more than 50 percent by another person. The foreign parent is the first
foreign person in the affiliate's ownership chain. Unlike die foreign parent,
the UBO of an affiliate may be located in the United States. The UBO of
each U.S. affiliate is identified to ascertain the person that ultimately owns
or controls the U.S. affiliate and that therefore ultimately derives the benefits
from ownership or control.
Table 3.-Sources of Change in Nonbank U.S. Affiliate Employment, 1990-97
(Thousands of employees]
1990
Line
Change in total affiliate employment
Change in employment of large affiliates resulting from:
New investments
Expansions of existing operations
Sales or liquidations of businesses
Cutbacks in existing operations
Combinations of new investments and sales or
Change not accounted for in lines 2-6
1991
1992
1993
1994
1995
1996
1997
223.0
137.5
-156.5
50.2
74.9
101.2
163.2
59.3
481.6
107.9
-354.1
-126.5
291.1
107.4
-152.2
-136.4
101.7
141.1
-316.2
-132.2
261.9
110.2
-239.9
-95.1
280.0
98.1
-245.2
-55.4
301.2
102.9
-241.5
-69.9
373.2
146.0
-286.3
-107.5
307.9
149.6
-313.8
-97.8
-16.9
-9.6
-18.0
6.3
-7.4
24.5
30.2
41.7
37.3
67.1
6.8
-4.9
-15.9
7.5
-28.3
131.1
NOTE.-Lines 2-6 cover only large affiliates—tMat is, affiliates with more than 500 employeesbecause a substantial number of small affiliates change their organizational structures, and in such
cases, it is particularly difficult to determine the reasons for the changes in their employment.
Line 2 equals the yearend employment of affiliates that were acquired or established during
the year plus the change in employment of existing affiliates that had an increase in employment
and that had acquired another U.S. business during the year.
Line 3 equals the change in employment of affiliates that did not acquire another U.S. business
but had an increase in employment
Line 4 equals the employment at the end of the prior year of affiliates that were liquidated
or sold during the year plus the change in employment of affiliates that had a decline in employ-
ment and that sold a business or business segment during the year.
Line 5 equals the change in employment of affiliates that did not sell a business or business
segment but had a decline in employment.
Line 6 equals the change in employment Of affiliates that both acquired and sold a business
or business segment during the year.
Line 7 equals the change in employment of large affiliates not accounted for in lines 2-6 plus
all changes in employment for affiliates with 500 or fewer employees. It includes changes resulting
from the addition to the survey universe of affiliates that were required to report in earlier years
but did not.
SURVEY OF CURRENT BUSINESS
Industry distribution in 1997.—By NAics-based
industry, affiliates in manufacturing accounted
for about half of the gross product of all nonbank affiliates (table 4). Within manufacturing,
the gross product of affiliates was largest in
chemicals, followed by petroleum and coal products, machinery, and computers and electronic
products.
Excluding manufacturing, the gross product of
affiliates was largest in wholesale trade—which
includes a number of large affiliates with substan-
August 1999
tial secondary operations in manufacturing—
followed by information, finance (except depository institutions) and insurance, and retail trade.
The affiliates in these four NAICS sectors together accounted for about one-third of the gross
product of all nonbank affiliates.
Information is one of the new sectors in NAICS
that does not have an approximate counterpart in the sic. In 1997, more than half of
the gross product of affiliates in this sector was
accounted for by affiliates in broadcasting and
Table 4.-Gross Product of All Nonbank U.S. Affiliates and of Majority-Owned Nonbank U.S. Affiliates
by NAICS-Based Industry of Affiliate, 1997
Millions of dollars
All nonbank
All industries .
Percentage of all-industries total
Majority-owned
affiliates
All nonbank
Majority-owned
affiliates
309,628
100.0
100.0
188,477
166,656
49.0
53.8
Food
Beverages and tobacco products
Paper
Printing and related support activities ,
Petroleum and coal products
10,953
5,907
5,048
2,803
23,421
9,760
5,827
2.8
1.5
1.3
.7
6.1
3.2
1.9
Chemicals
Pharmaceuticals and medicines
Other
Plastics and rubber products
Nonmetallic mineral products
Primary metals
Fabricated metal products
Machinery
40,906
37,789
15,818
21,971
7,224
11,577
5,252
6,148
15,451
10.6
4.2
6.4
2.1
3.1
2.2
2.1
4.3
12.2
5.1
7.1
2.3
3.7
1.7
2.0
5.0
4.1
.3
1.5
1.2
.7
.4
2.0
3.5
3.0
4.7
:4
1.9
1.4
Manufacturing.
16,094
24,812
7,991
12,044
8,600
7,910
16,607
Computers and electronic products
Computers and peripheral equipment
Communications equipment
Semiconductors and other electronic components .
Navigational, measuring, and other instruments ....
Other
..
Electrical equipment, appliances, and components ....
Transportation equipment
Motor vehicles, bodies and trailers, and parts .......
Other
Other
. .. .
.. . .
15,658
1,022
5,889
4,512
2,542
1,693
7,537
13,554
11,372
2,182
9,538
14,700
1,185
5,765
4,290
Wholesale trade
,
Motor vehicles and motor vehicle parts and supplies .
Other
51,856
11,879
39,977
Retail trade
Food and beverage stores .
Other
Addendum: Gross
product of
majority-owned
affiliates as a
percentage of that
of all nonbank
(D
I
3.8
3.1
.7
.6
2.5
2.6
47,327
11,867
35,460
13.5
3.1
10.4
15.3
3.8
11.5
25,009
17,720
7,290
15,992
10,931
5,061
6.5
4.6
1.9
5.2
3.5
1.6
Information
Publishing industries
Motion picture and sound recording industries
Broadcasting and telecommunications
Information services and data processing services
27,120
7,348
2,542
16,153
1,076
10,784
6,078
2,438
1,615
1,103
7.0
1.9
.7
4.2
.3
3.5
2.0
.8
.5
.4
Finance (except depository institutions) and insurance.
26,331
21,879
6.8
7.1
7,006
2.4
2.3
5,981
5,289
1.6
1.7
88.4
51,025
730
9,826
1,445
4,358
11,999
-364
34,694
13.3
.2
2.6
11.2
.2
2.0
.2
1.2
1.9
-.1
2.4
.9
21
.5
68.0
71.1
63.1
32.7
84.8
47.8
n.m.
83.1
71.9
76.7
92.2
Real estate and rental and leasing
Professional, scientific, and technical services
Other industries
Agriculture, forestry, fishing, and hunting
Mining
Utilities
Construction
Transportation and warehousing
Management of nonbank companies and enterprises1 ....
Administration, support, and waste management
Health care and social assistance
Accommodation and food services ....*.....;.................,.
Miscellaneous services
D
Suppressed to avoid disclosure of data of individual companies.
n.m. Not meaningful.
1. For U.S. affiliates, mainly consists of holding companies.
3,714
8,577
1,746
519
6,204
472
3,697
5,733
-263
7,470
2,671
6,582
1,610
.4
1.1
3.1
-.1
2.3
1.0
2.2
.5
NOTE—Shares of more than 100 percent may result where the gross product of minority-owned
affiliates is negative.
•
2J
28
SURVEY OF CURRENT BUSINESS
• August 1999
Under the old sic-based system, affiliates in
manufacturing accounted for 45 percent of the
gross product of nonbank affiliates in 1997, a share
somewhat lower than that under the new NAICSbased system (table 5). The difference in these
shares is largely the net result of differences in
the treatment of petroleum and coal products
manufacturing (which is classified in manufacturing under the new NAics-based system but in
the special industry group "petroleum" under the
old system) and publishing (which is classified in
information under NAICS but in manufacturing
under the sic).
Within manufacturing, the gross product of
affiliates in the sic-based industry "motor vehicles and equipment" was substantially less than
telecommunications, an industry that is mainly
classified in transportation and public utilities in
the sic. Most of the remaining gross product was
accounted for by affiliates in publishing, an industry that is mainly classified in manufacturing
in the sic.
As in previous years, affiliates that were majority owned by foreign direct investors accounted
for about 80 percent of the gross product of
all nonbank affiliates. In manufacturing and
in wholesale trade, the majority-owned-affiliate
share was about 90 percent. In contrast, in information, the share was only 40 percent, reflecting
restrictions on foreign ownership in broadcasting
and telecommunications.
Table 5.-Gross Product of Nonbank U.S. Affiliates by SIC-Based Industry of Affiliate, 1992,1996, and 1997
Millions of dollars
1992
1996
Addendum:
Percent
change in
affiliate
Percentage of all-industries total
1997
1992
1996
1997
product,
1996-97
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Food and kindred products
Paper and allied products
Printing and publishing
Chemicals and allied products
Drugs
Other
Rubber and plastics products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
,
,
industrial machinery and equipment
Computer and office equipment
Other
Electronic and other electric equipment
Transportation equipment
Motor vehicles and equipment
Other
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Other
Retail trade
Food stores
Other
,
266,333
358,085
384,883
100.0
100.0
100.0
7.5
25,553
18,967
6,586
33,007
23,099
9,908
35,220
23,449
11,772
9.6
7.1
2.5
9.2
9.2
6.7
6.5
2.8
6.1
3.1
1.5
18.8
134,127
166,558
172,409
50.4
46.5
44.8
3.5
12,283
3,513
6,054
12,579
5,893
9,260
14,166
5,106
9,753
4.6
1.3
2.3
3.5
1.6
2.6
3.7
1.3
2.5
12.6
41,940
11,358
30,582
5,459
6,215
8,710
6,310
43,771
16,051
27,720
7,733
41,197
16,110
25,087
8,123
12,067
9,255
8,496
15.7
4.3
11.5
2.0
2.3
3.3
2.4
12.2
4.5
7.7
2.2
2.7
2.6
2.5
10.7
4.2
6.5
2.1
3.1
2.4
2.2
-5.9
.4
-3.5
5.0
10,160
2,209
7,951
15,694
4,840
2,659
2,180
6,100
6,849
14,578
1,178
13,400
19,934
9,374
7,058
2,316
16,915
4.1
.3
3.7
4.4
.2
4.1
5.5
2.9
2.4
16.0
-18.5
19.1
21,318
11,273
9,054
2,219
6,536
6,849
6,483
8,776
3.8
.8
3.0
5.9
1.8
1.0
.8
2.3
31,000
7,866
23,134
41,714
9,697
32,017
19,896
11,491
8,405
24,770
14,661
10,109
9,822
9,204
9,098
960
15,955
5.6
2.6
2.0
.6
-13.4
5.3
22.9
.6
-6.6
6.9
20.3
2.6
1.8
1.9
1.7
2.3
28.3
-4.2
-.8
28.1
45,776
11,841
33,935
11.6
3.0
8.7
11.6
2.7
8.9
11.9
3.1
8.8
9.7
22.1
6.0
28,313
17,776
10,537
7.5
4.3
3.2
6.9
4.1
2.8
7.4
4.6
2.7
14.3
21.2
4.2
.6
Finance, except depository institutions
3,222
6,277
1.2
1.8
2.5
54.0
Insurance
5,666
11,414
16,629
2.1
3.2
4.3
45.7
Real estate
6,390
6,101
7,318
2.4
1.7
1.9
19.9
Services
Hotels and other lodging places
Business services
Motion pictures
Health services
Other
20,260
3,383
8,953
1,995
793
5,135
26,230
4,928
10,882
1,715
2,802
5,903
29,278
4,962
14,123
1,671
3,716
4,806
7.6
1.3
3.4
.7
,3
1.9
7.3
1.4
3.0
.5
.8
1.6
7.6
1.3
3.7
.4
1.0
1.2
11.6
.7
29.8
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication and public utilities
20,219
659
5,527
3,230
7,609
3,195
42,014
779
5,475
3,552
13,524
18,685
40,270
732
5,952
3,955
11,499
18,132
7.6
11.7
.2
1.5
1.0
3.8
5.2
10.5
.2
1.5
1.0
3.0
4.7
.2
2.1
1.2
2.9
1.2
-2.6
32.6
-18.6
-4.2
-6.0
8.7
11.3
-15.0
-3.0
SURVEY OF CURRENT BUSINESS
that of affiliates in the NAics-based industry "motor vehicles, bodies and trailers, and parts." The
larger gross product in the NAics-based industry is mainly due to the inclusion of several
parts-producing affiliates that are classified in
other manufacturing industries—-most notably
in fabricated metal products, machinery, and
electronics—in the sic-based system.
In wholesale trade and in mining, the gross
product of affiliates under the sic-based sys-
August 1999
tem was substantially less than that of affiliates
in the corresponding NAics-based sectors. The
difference reflected the separate classification of
petroleum affiliates under the sic-based system
and their inclusion in wholesale trade or oil and
gas extraction under the NAics-based system.
In retail trade, the gross product of affiliates
was larger on an sic basis than on a NAICS basis
due to the inclusion of restaurants, which under
Data Availability
Acknowledgments
The 1997 benchmark survey was conducted under
the supervision of Joseph F. Cherry 111, with contributions by Juris E. Abolins, Chester C. Braham, Emily D.
Curry, Hien X. Dang, Constance T. Deve, Nicole Donnegan, Chris Goins, David N. Hale, Earl F. Holmes,
Lonnie Hunter, Carol L. Lefkowitz, Stephanie A. Lewis,
Edna A. Ludden, Betty K. Maddy, Isabel L. McConnell,
Demetria A. McCormick, Gregory L. McCormick, Sidney A. Moskowitz, Christine L. Perrone, Ronald L.
Ross, William R. Shupe, Clarence D. Smith, Marie
P. Smith, John R. Starnes, Diann L. Vann, Kimyetta
Whitehead, and Dorrett E. Williams.
The estimates of U.S.-affiliate gross product were prepared by Jeffrey H. Lowe and Dale P. Shannon. The
estimates of the rate of return on assets of nonfinancial
affiliates and of all U.S. nonfinancial corporations were
prepared by Raymond J. Mataloni, Jr.
Computer programming for data estimation and
the generation of data tables was provided by Arnold
Gilbert, Diane Young, and Neeta Kapoor.
This article presents summary data from the 1997
benchmark survey. A publication presenting more
detailed data from the survey will be available early
this fall from the U.S. Government Printing Office;
its availability will be announced on the inside back
cover of the SURVEY. Both this article and the publication present preliminary results of the benchmark
survey. The final results of the benchmark survey will
be published next year.
Estimates of U.S. affiliate operations in 1977-96
are available on diskettes and in compressed files
that can be downloaded from BEA'S Web site at
<www.bea.doc.gov>. The estimates for 1991-96 are also
available in publications.
For more information on these products and
how to get them, see the International Investment Division Product Guide on BEA'S Web site
at <www.bea.doc.gov/bea/ai/o8-99.htm>, or write to
Research Branch (BE-50), International Investment Division, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230.
Using Employment Data to Estimate Affiliate Shares of the U.S. Economy
In this article, data on employment are used to estimate affiliate shares of the U.S. economy by industry
because these data can be disaggregated by industry of
sales, a basis that approximates the disaggregation of the
data for all U.S. businesses by industry of establishment.
Thus, the data on affiliate employment can be used to
calculate the affiliate shares of the U.S. economy at a
greater level of industry detail than can be calculated using the gross product estimates or other data, which can
only be disaggregated on the basis of industry of affiliate.1
In the classification by industry of sales, the data on affiliate employment (and sales) are distributed among all
of the industries in which the affiliate reports sales.
As a result, employment classified by industry of sales
should approximate that classified by industry of establishment (or plant), because an affiliate that has an
establishment in an industry usually also has sales in that
industry.2
1. Establishment-level data from a joint project of BEA and the Bureau of the Census can be used to calculate affiliate shares at an even
greater level of detail. These data show each four-digit manufacturing
industry in the Standard Industrial Classification; they are currently available for 1987-92. The data for 1990 are analyzed in Ned G. Howenstine
and William J. Zeile, "Characteristics of Foreign-Owned U.S. Manufacturing Establishments," SURVEY 74 (January 1994): 34-59. The data for
1991 are analyzed in Ned G. Howenstine and Dale P. Shannon, "Differences in Foreign-Owned U.S. Manufacturing Establishments by Country
of Owner," SURVEY 76 (March 1996): 43-60.
2. However, this is not the case if one establishment of an affiliate provides all of its output to another establishment of that affiliate.
For example, if an affiliate operates both a metal mine and a metalmanufacturing plant and if the entire output of the mine is used by the
manufacturing plant, all of the affiliate's sales will be in metal manufacturing, and none in metal mining. When the mining employees are
distributed by industry of sales, they are classified in manufacturing even
though the industry of that establishment is mining.
3. An affiliate's primary industry is based on a breakdown of the
affiliate's sales by BEA International Surveys Industry classification code.
In contrast, in the classification by industry of affiliate, all of the operations data (including the employment
data) for an affiliate are assigned to that affiliate's "primary" industry—that is, the industry in which it has
the most sales.3 As a result, any affiliate operations that
take place in secondary industries will be classified as
operations in the primary industry.
•
29
30
• August 1999
SURVEY OF CURRENT BUSINESS
are classified in accommodation and food
services. The effect of this difference in classification was partly offset by the difference in the
treatment of affiliates that specialize in retailing
gasoline, which are included in retail trade under the NAics-based system but are classified in
petroleum under the sic-based system.
NAICS,
Change in industry distribution.—On the sic basis, the share of nonbank-affiliate gross product
accounted for by manufacturing declined from
50 percent in 1992 to 45 percent in 1997 (table 5).
The decline partly reflects the selloff of foreign
ownership shares in some large U.S. manufacturing companies, particularly in chemicals. It
also reflects recent expansions in foreign direct
investment activity in other industries, such as finance, except depository institutions; insurance;
and communication and public utilities.
The shares of affiliate gross product accounted
for by affiliates in the finance and insurance
industries increased substantially from 1992 to
1997, partly as a result of large increases in gross
product in 1997. The gross product of affiliates
in finance increased more than 50 percent and
those in insurance, more than 40 percent; these
increases reflected both acquisitions of new affiliates and expansions in the operations of existing
affiliates.
Within manufacturing, the gross product of affiliates in stone, clay, and glass products and in
Table 6.—Gross Product of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1992-97
Millions of dollars
1992
1993
1994
Percentage of all-countries total
1995
1996
1997
1992
1993
1994
1995
1996
1997
Addendum:
Percent
change in
affiliate
product,
1996-97
All countries .
266,333
285,738
312,981
322,631
100.0
358,085
100.0
100.0
100.0
100.0
100.0
7.5
Canada
33,479
41,062
41,613
35,277
32,550
34,464
12.6
14.4
13.3
10.9
9.1
9.0
5.9
Europe
161,226
168,296
188,372
201,965
229,286
245,919
60.5
58.9
60.2
62.6
64.0
63.9
7.3
Belgium ...
Denmark
Finland ....
France
3,725
1,143
1,262
18,899
3,711
1,689
1,435
19,274
4,161
1,915
1,450
23,163
4,290
1,849
1,645
23,895
4,661
2,079
1,688
34,227
5,598
1,194
1,917
35,863
1.4
.4
.5
7.1
1.3
.6
.5
6.7
1.3
.6
.5
7.4
1.3
.6
.5
7.4
1.3
.6
.5
9.6
1.5
.3
.5
9.3
20.1
Germany
Ireland
Italy
Luxembourg .
Netherlands .
28,716
1,852
2,318
697
19,657
32,055
1,655
2,541
814
20,765
35,043
1,937
2,992
968
24,927
37,047
2,607
3,056
845
27,697
42,929
2,527
3,106
1,582
30,078
46,171
2,544
3,167
617
33,750
10.8
.7
.9
.3
7.4
11.2
.6
.9
.3
7.3
11.2
.6
1.0
.3
8.0
11.5
.8
.9
.3
8.6
12.0
.7
.9
.4
8.4
12.0
.7
.8
.2
8.8
7.6
.7
2.0
-61.0
12.2
Norway
Sweden
Switzerland
United Kingdom
Other
563
7,053
17,117
57,412
812
709
5,944
16,847
59,864
992
1,043
5,255
17,113
67,288
1,117
1,074
5,484
18,563
72,478
1,433
1,452
6,409
20,677
76,602
1,269
1,858
7,896
25,637
78,550
1,157
.2
2.6
6.4
21.6
.3
.2
2.1
5.9
21.0
.3
.3
1.7
5.5
21.5
.4
.3
1.7
5.8
22.5
.4
.4
1.8
5.8
21.4
.4
.5
2.1
6.7
20.4
.3
28.0
23.2
24.0
2.5
-8.8
Latin America and Other Western
Hemisphere
8,739
10,126
12,045
12,367
12,955
13,545
3.3
3.5
3.8
3.8
3.6
3.5
Mexico
Panama ....
Venezuela.
1,109
1,638
3,124
1,400
1,460
3,757
1,642
1,275
4,729
1,754
1,862
826
5,089
1,347
696
5,247
.4
.6
1.2
.5
.5
1.3
.5
.4
1.5
.5
.5
.2
1.4
.3
.2
1.4
Bermuda
Netherlands Antilles
Other
1,153
1,071
645
1,274
1,233
1,002
2,022
1,208
1,169
2,398
1,182
(D)
2,403
1,319
1,456
3,295
.4
.4
.2
.4
.4
.4
.4
.4
Africa
South Africa.
Other
1,267
877
390
1,387
897
489
1,571
1,012
560
2,352
1,867
484
2,555
2,011
544
2,843
2,208
635
.5
.3
.1
.5
.3
.2
.5
.3
.2
.7
.6
.2
Middle East
Kuwait
Saudi Arabia.
Other
3,460
953
2,117
390
4,556
1,062
2,923
571
5,802
1,057
3,204
1,541
4,792
776
3,033
983
6,387
756
3,545
2,086
7,295
868
4,263
2,164
1.3
.4
.8
.1
1.6
.4
1.0
.2
1.9
.3
1.0
.5
1.5
.2
.9
.3
Asia and Pacific
54,318
56,342
61,080
69,190
73,667
20.4
19.7
18.8
Australia
Hong Kong
Japan
8,101
1,056
42,659
7,732
1,395
44,539
4,680
1,312
48,810
4,615
1,335
50,513
5,758
1,559
58,069
5,207
1,474
62,345
3.0
.4
16.0
2.7
.5
15.6
549
129
560
1,263
693
112
744
1,127
657
232
1,359
1,719
1,120
170
1,808
1,520
644
261
1,639
1,260
655
696
1,717
1,573
O
3,843
3,969
4,810
4,798
5,161
7,151
1.4
Korea, Republic of
Singapore
Taiwan
Other
United States.
* Less than 0.05 percent.
Suppressed to avoid disclosure of data of individual companies.
D
31
1.4
(D)
1.5
.7
.4
13.6
4.8
-27.7
-15.7
3.1
37.1
.7
.4
.4
B
.7
.6
.2
11.3
9.8
16.7
1.8
.2
1.0
.6
1.9
.2
1.1
.6
14.2
14.8
20.3
3.7
18.9
19.3
19.1
6.5
1.5
.4
15.6
1.4
.4
15.7
1.6
.4
16.2
1.4
.4
16.2
-9.6
-5.5
7.4
.2
.1
.4
.5
.3
.1
.6
.5
.2
.1
.5
.4
.2
.2
.4
.4
1.7
166.7
4.8
24.8
1.5
1.5
1.4
1.9
38.6
SURVEY OF CURRENT BUSINESS
transportation equipment increased more than
20 percent in 1997. The increase in stone,
clay, and glass products was mainly due to
new investment transactions and to intracompany reorganizations in which operations were
transferred to these affiliates from affiliates in
other industries. The increase in transportation
equipment was mainly due to expanded production by existing affiliates in motor vehicles and
equipment.
By country.—In 1997, as in 1992, more than 80
percent of the gross product of all nonbank affiliates was accounted for by affiliates with UBO'S
in seven major investing countries: Canada,
France, Germany, the Netherlands, Switzerland,
the United Kingdom, and Japan (table 6). In
August 1999
both years, the largest investing country was the
United Kingdom, followed by Japan. In 1997,
Germany was the third-largest investing country.
In 1992, Canada was the third-largest investing
country, but by 1997, its ranking had slipped to
the fifth largest, partly as a result of Canadian disinvestment in several large minority-owned U.S.
companies; the share of Canadian-owned affiliates' gross product accounted for by majorityowned affiliates increased from 66 percent in 1992
to 86 percent in 1997 (table 7).
Among the seven major investing countries, the
gross product of Swiss-owned affiliates increased
24 percent in 1997, partly as a result of new investments. The gross product of affiliates with
UBO'S in the Netherlands increased 12 percent,
Table 7.—Gross Product of Majority-Owned Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner,
1992,1996, and 1997
Millions of dollars
1992
Percentage of all-industries total
1997
1996
1992
Addenda: Gross product of majorityowned affiliates as a percentage of
that of all nonbank affiliates
1997
1996
1992
1996
214,781
283,422
309,628
100.0
100.0
80.6
79.1
Canada
22,115
27,687
29,476
9.8
9.5
66.1
85.1
Europe
141,505
180,729
197,413
63.8
63.8
87.8
78.8
3,564
1,1
1,6
23,886
1.6
.7
.5
8.2
95.7
16,611
4,587
2,082
1,536
23,166
4
.5
7.7
98.4
100.1
91.0
67.7
Germany
Ireland
Italy
Luxembourg
Netherlands
24,203
(D)
2,032
467
17,797
34,224
1,153
2,973
421
25,060
12.1
.4
1.0
.1
8.8
11.9
(D)
1.0
.1
8.9
Norway
Sweden
Switzerland
United Kingdom ...
Other
421
4,356
15,824
52,777
(D)
1,250
4,736
17,764
60,898
879
.4
1.7
6.3
21.5
.3
2.0
7.0
21.4
.3
3.8
3.8
All countries
Belgium ..
Denmark
Finland ...
France .....
1J8
7,020
10,841
Mexico
Panama
Venezuela .
848
1,610
(D)
1,380
Bermuda
Netherlands Antilles.
Other
1,009
799
2,348
1,281
1,412
Latin America and Other Western Hemisphere .
D
Africa
South Africa .
Other
Middle East
Kuwait
Saudi Arabia .
Other
Asia and Pacific .
Australia
Hong Kong
Korea, Republic of
Singapore
Taiwan
Other
United States .
* Less than 0.05 percent.
D
Suppressed to avoid disclosure of data of individual companies.
n.m. Not meaningful.
&
87.9
36,851
3$
411
27,446
6,$
21,719
66,313
995
84.3
B.7
67.0
90.5
74.8
61.8
92.4
91.9
(D)
80.3
79.7
45.6
95.7
26.6
83.3
86.1
73.9
85.9
79.5
69.3
83.7
74.1
B
0
8
.8
.5
.5
1.0
(D)
.4
.4
1,037
12
97.7
97.1
97.0
41.0
51.6
2.2
O
32.2
41.0
13.9
60.3
()
510
2,058
310
491
1,257
2,426
.7
.1
.2
.4
40,240
59,496
63,879
21.0
20.6
86.0
3,558
946
33,729
4,696
1,053
50,412
4,397
1,139
54,312
1.7
.4
17.8
1.4
.4
17.5
81.6
67.5
431
124
526
926
462
239
1,554
1,080
432
716
1,615
1,268
.2
.1
.5
.4
.1
.2
.5
.4
71.7
91.6
94.8
85.7
1,563
1997
.6
30.3
NOTE.-^3hares of more than 100 percent may result where the gross product of minority-owned
• 31
SURVEY OF CURRENT BUSINESS
32 • August 1999
reflecting increases in the value added of existing
affiliates.
Share of U.S. employment
In 1997, U.S. affiliates of foreign companies
accounted for 4.9 percent of total U.S. privateindustry employment, down slightly from a 5.1percent share in 1992 (table 1). The decrease in
the affiliate share partly reflects the concentration
of affiliate activity in manufacturing, an industry whose share of total U.S. employment has
declined.5
By industry—Among the NAICS sectors, the affiliate share of employment in 1997 was largest in
mining (15.0 percent), followed by manufacturing (12.3 percent) and information (7.8 percent)
(table 8). Within manufacturing, the affiliate
5. Manufacturing's share of U.S. private-industry employment (excluding
depository institutions and private households) decreased from 20.2 percent
in 1992 to 17.8 percent in 1997.
6. Employment data by industry of sales are used to estimate shares; this
basis approximates the establishment-based disaggregation of the correspond-
shares were largest in chemicals (34.0 percent),
nonmetallic minerals (21.2 percent), and electrical equipment, appliances, and components (20.2
percent). Affiliates accounted for more than 10
percent of employment in 12 of the 21 subsectors
in manufacturing.
Similar patterns in affiliate shares of employment were evident in the data by sic division
in 1996. The affiliate share was largest in mining, followed by manufacturing (table 9). Within
manufacturing, the affiliate shares were largest
in chemicals; tobacco products; stone, clay, and
glass products; and electronic and other electric
equipment.
In communications, the affiliate share of employment increased from less than 2 percent in
1992 to more than 8 percent in 1996, mainly as
a result of foreign acquisitions of U.S. companies. Within manufacturing, the affiliate share
of employment in motor vehicles and equipment
ing data for all U.S. businesses. See the box "Using Employment Data to
Estimate Affiliate Shares of the U.S. Economy" on page 29.
Table 8.—Employment by Nonbank U.S. Affiliates by NAICS-Based Industry of Sales, 1997
Thousands
of
employees
All industries2
Agriculture, forestry, fishing, and hunting ,
Mining, excluding oil and gas extraction ..
Utilities
.
.
Construction
Manufacturing
Food
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Paper
Printing and related support activities
Petroleum and coal products3
Chemicals
Plastics and rubber products
Nonmetallic mineral products
Primary metals
Fabricated metal products
Machinery
Computer and electronic products
Electrical equipment, appliance, and components
Transportation equipment
Furniture and related products
Miscellaneous manufacturing
5,164.3
4.9
25.7
64.4
n.a.
15.0
1.1
1.3
8.0
74.0
2,106.5
139.0
31.2
33.0
14.0
35.3
2.3
11.6
57.5
60.0
38.3
307.4
143.9
107.9
92.5
119.4
207.9
261.4
120.3
225.2
16.9
81.4
12.3
9.3
17.6
8.2
6.3
4.7
2.6
2.0
10.0
7.1
16.9
34.0
14.0
21.2
15.2
6.7
14.5
15.5
20.2
11.9
2.8
11.1
n.a. Data required to compute shares are not available.
1. The data on U.S. employment in private industries that were used in calculating these percentages are classified by industry of establishment. For "all industries," they are from table 6.4C of the "National Income and Product
Accounts (NIPA) Tables" (see the August 1998 issue of the SURVEY OF CURRENT BUSINESS); for NAICS sectors
and subsectors, they are from the Census Bureau's 1997 Economic Census. The Economic Census does not cover
all industries in the agriculture and transportation sectors. In addition, data from the 1997 Economic Census for
some sectors have not yet been released.
For "all industries," the total for U.S. employment in nonbank private industries is equal to employment in private
industries less the employment of depository institutions and private households. The U.S. private-industry employment totals used to calculate the affiliate shares in "all industries" in this table differ from the U.S. employment
totals used to calculate affiliate shares in table 10; the latter are from BEA's Regional Economic Information System.
The estimates used for table 10, unlike those used for this table, do not exclude employment in depository institutions. In addition, the estimates used for table 10, unlike those used for this table, exclude U.S. residents temporarily
employed abroad by U.S. businesses. They may also differ from NIPA estimates used for "all industries" in this
table because of different definitions and revision schedules.
Employment
Employment
as a
percentage
of
total U.S.
employment
in nonbank
private
industries1
Thousands
of
employees
of
total U.S.
employment
in nonbank
private
industriesl
Wholesale trade
Retail trade
Transportation and warehousing
390.4
725.8
187.6
6.7
5.1
n.a.
Information
Publishing industries
Motion picture and sound recording industries
Broadcasting and telecommunications
Information services and data processing services ...
250.3
66.9
25.5
128.8
29.1
7.8
6.9
8.8
8.3
7.1
Finance (except depository institutions) and insurance .
Finance, except depository institutions
Insurance carriers and related activities
217.0
74.1
142.9
n.a.
n.a.
6.2
Real estate and rental and leasing
,
Professional, scientific, and technical services
..,
Management of nonbank companies and enterprises
Administration, support, waste management, and remediation services
Educational services
Health care and social assistance
Arts, entertainment, and recreation
Accommodation and food services
Other services (except public administration and private households)....
58.3
135.6
3.3
51.1
3.3
2.5
n.a.
3.7
2.0
.7
2.4
n.a.
1.5
118.6
n.a.
Auxiliaries, except management of companies and enterprises
Unspecified4
,
272.1
6.5
99.9
38.5
287.0
43.5
2. For consistency with the coverage of the data on U.S. employment in private industries, U.S.-affiliate employment in Puerto Rico, in "other U.S. areas," and in "foreign" was excluded from the U.S.-affiliate employment total
when the percentage shares on this line were computed.
3. For both U.S. affiliates and all U.S. businesses, includes oil and gas extraction. (See note below.)
4. This line includes all employment that U.S. affiliates did not specify in terms of industry of sales when they
filled out their 1997 benchmark survey form. Affiliates that filed the long form (that is, affiliates with assets, sales,
or net income or loss greater than $100 million) had to specify only their ten largest sales categories, and affiliates
that filed the short form had to specify only their three largest sales categories.
NOTE.—A significant portion of U.S. affiliate employment in petroleum and coal products is accounted for by integrated petroleum companies that have, in addition to their manufacturing employees, substantial numbers of employees in petroleum extraction; because these employees cannot be identified separately, they are included in petroleum
and coal products manufacturing. For consistency, employees of affiliates classified in the "oil and gas extraction
without refining" industry and employees of all U.S. businesses in oil and gas extraction are also included in petroleum and coal products manufacturing rather than in mining.
.-, ,
SURVEY OF CURRENT BUSINESS
increased substantially, from 11.0 in 1992 to 14.6
percent in 1996, largely as a result of expansions
of operations by existing affiliates.
By State.—In 1997, the affiliate shares of privateindustry employment were highest in Hawaii
(11.4 percent), South Carolina (7.9 percent), and
North Carolina (7.1 percent) (table 10). Hawaii
also had the highest share in each year in 199296. In 1992-94, Delaware had the second-highest
share, but the share dropped sharply in 1995 as a
result of foreign disinvestments. South Carolina
August 1999
had the third-highest share in 1992-94 and the
second highest in 1995-96.
In 1996, affiliates in Kentucky (20.0 percent)
had the highest share of manufacturing employment, followed by South Carolina (18.1 percent)
(table 11).7 In 1992, Delaware had the highest
share, followed by West Virginia.
7. Data on affiliate employment in manufacturing by State were collected
in the 1997 benchmark survey for manufacturing on a NAICS basis. However,
the affiliate shares of State manufacturing employment cannot be computed
for 1997, because the industry-level data on all-U.S.-business employment by
State are currently available only for industries on an sic basis.
Table 9.-Employment by Nonbank U.S. Affiliates by SIC-Based Industry of Sales, 1992 and 1996
Thousands of employees
1996
1992
2
All industries .
Agriculture, forestry, and fishing
Mining, excluding oil and gas extraction
Construction
Manufacturing3
Food and Kindred products
,
Tobacco products
,
Textile mill products
Apparel and other textile products
Lumber and wood products
Furniture and fixtures
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products4
Rubber and miscellaneous plastics products .
Leather and leather products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Wholesale trade
Retail trade.:
Finance, except depository institutions
Insurance
Services5
Hotels and other lodging places
Business services
Motion pictures
Other
Unspecified6
1992
4,715.4
5,105.0
31.9
68.1
68.0
28.6
63.1
72.2
2,139.7
197.7
I
45.3
32.4
14.2
16.4
51.9
101.0
347.7
88.6
130.0
8.4
107.2
110.4
110.1
217.3
2,210.9
168.0
263.2
1996
5.1
1.7
24.0
1.4
11.5
11,9
9.5
45.9
38.9
12.4
14.6
59.9
114.9
322.3
54.5
150.7
3.2
2.0
3.4
7.5
6.6
32.1
17.4
14.8
3.1
6.9
117.8
102.1
135.9
307.8
175.0
140.8
34.2
113.3
27.4
20.9
15.9
8.3
11.3
17.2
7.6
11.0
4.9
11.9
D
( )
229.8
197.0
17.2
15.6
365.7
235.4
5.6
114.3
16.0
1.4
1.6
345.8
798.5
69.8
142.6
32.0
388.2
922.5
69.7
136.9
28.2
701.5
161.1
299.2
24.3
216.9
766.5
119.3
342.5
23.5
281.2
5.6
4.0
6.3
6.5
2.4
2.3
9.7
5.5
5.9
1.0
n.a.
139.8
89.8
50.0
110.6
K
87.9
n.a. Not applicable.
1. The data on U.S. employment in private industries that were used in calculating these percentages are classified by industry of establishment. They are from table 6.4C of the "National
Income and Product Accounts (NIPA) Tables" (see the August 1998 issue of the SURVEY OF CURRENT BUSINESS). The total for U.S. employment in nonbank private industries is equal to employment in private industries less the employment of depository institutions and private households.
The U.S. private-industry employment totals used to calculate the affiliate shares in "all industries"
in this table differ from the U.S. employment totals used to calculate affiliate shares in tables
10 and 11; the data used for tables 10 and 11 are from BEA's Regional Economic Information
System. The estimates used for table 10, unlike those used for this table, do not exclude employment in depository institutions. The estimates used for tables 10 and 11, unlike those used for
this table, exclude U.S. residents temporarily employed abroad by U.S. businesses. They may
also differ from NIPA estimates used for this table because of different definitions and revision
schedules.
2. For consistency with the coverage of the data on U.S. employment in private industries,
U.S.-affiliate employment in Puerto Rico, in "other U.S. areas," and in the "foreign" cateqory was
excluded from the U.S.-affiliate employment total when the percentage shares on this line were
computed.
3. Total affiliate manufacturing employment and the shares of all-U.S.-business manufacturing
employment accounted for by affiliates shown in this table differ from those shown in table 11.
In this table, employment is classified by industry of sales, and the total for manufacturing includes
some nonmanufacturing employees (see the box "Using Employment Data to Estimate Affiliate
Shares of the U.S. Economy"), whereas in table 11, affiliate manufacturing employment consists
only of employees on the payroll of manufacturing plants. Data on the latter basis are not available for the subindustries within manufacturing shown in this table. In addition, the total for manu-
Employment as a percentage of total U.S. employment
in nonbank private industries1
236.9
52.4
4.0
5.0
1.4
24.1
1.3
11.7
9.9
23.2
7.3
4.5
1.5
2.9
8.8
7.3
31.2
11.8
15.4
3.1
21.6
14.4
9.4
11.2
18.6
9.8
14.6
4.2
13.3
6.8
5.8
5.8
8.5
1.8
5.9
4.1
5.2
6.1
2.0
2.2
6.6
4.6
4.4
1.1
n.a.
facturing in this table includes oil and gas extraction, which is excluded from the manufacturing
total in table 11.
4. For both U.S. affiliates and all U.S. businesses, includes oil and gas extraction. (See note
below.)
5. Excludes private households.
6. This line includes all employment that U.S. affiliates did not specify in terms of industry
of sales when they filled out their survey forms for 1992 and 1996. Affiliates that filed the long
form (that is, affiliates with assets, sales, or net income or loss greater than $50 million) had
to specify only their eight largest sales categories, and affiliates that filed the short form had to
specify only their three largest sales categories.
NOTES.—In this table, petroleum is not shown as a separate major industry. Instead, in order
to be consistent with the all-US, data on employment by industry, affiliate employment in the
various petroleum subindustries is distributed among the other major industries. Thus, manufacturing includes petroleum and coal products, wholesale trade includes petroleum wholesale trade,
retail trade includes gasoline service stations, and transportation includes petroleum tanker operations, pipelines, ana storage. A significant portion of U.S. affiliate employment in petroleum and
coal products is accounted for by integrated petroleum companies that have, in addition to their
manufacturing employees, substantial numbers of employees in petroleum extraction; because
these employees cannot be identified separately, they are included in petroleum and coal products
manufacturing. For consistency, employees of affiliates classified in the "oil and gas extraction
without refining" industry and employees of all U.S. businesses in oil and gas extraction are also
included in petroleum and coal products manufacturing rather than in mining.
Size ranges are given in employment cells that are suppressed. The size ranges are A—1
to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999; J-10,000 to
24,999; K-25,000 to 49,999; L-50,000 to 99,999; M-100,000 or more.
•
33
34
SURVEY OF CURRENT BUSINESS
• August 1999
Table 10.—Employment by Nonbank U.S. Affiliates by State 1992-97
Tr ousands of employeeJS
2
Employment as a percentage of total private industry
employment in the State l
1992
1993
1994
1995
1996
1997
1992
1993
1994
1995
1996
1997
4,715.4
4,765.6
4,840.5
4,941.8
5,105.0
5,164.3
5.0
5.0
4.9
4.8
4.9
4.8
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
269.2
82.5
24.1
114.3
27.9
12.9
273.6
77.9
24.2
119.6
30.7
14.1
282.3
74.2
24.6
129.8
28.7
16.8
337.7
85.1
30.4
162.3
30.8
19.2
334.6
83.8
31.6
159.5
31.6
18.5
5.1
5.1
5.1
5.3
5.9
5.7
6.1
5.7
5.4
5.2
6.0
5.8
5.6
4.6
6.5
3.4
5.5
4.7
7.0
3.7
5.5
5.0
6.2
4.4
6.4
5.3
6.3
4.1
6.6
5.9
6.3
4.9
6.7
5.7
6.2
4.6
7.5
7.1
8.2
300.5
73.3
29.1
141.5
30.0
16.2
10.4
9.9
9.6
3.5
3.2
3.6
4.5
4.2
4.0
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
892.2
35.8
913.8
32.8
11.1
78.1
209.3
353.7
228.8
904.8
15.8
13.4
95.0
205.2
343.8
231.6
920.5
16.3
12.8
93.8
209.4
349.9
238.3
911.2
19.1
11.2
92.0
212.4
351.5
225.0
5.4
11.9
5.5
10.8
5.4
10.4
5.3
4.9
5.3
4.9
5.2
5.6
2.4
2.6
2.7
3.3
3.1
2.8
73.5
216.3
340.8
215.9
919.0
33.2
10.8
74.9
212.6
351.1
236.4
4.3
7.3
5.2
4.8
4.3
7.1
5.3
5.2
4.4
6.8
5.3
5.0
5.2
6.6
5.1
5.0
5.1
6.7
5.2
5.0
4.8
6.6
5.1
4.6
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
811.8
247.2
127.2
143.8
211.4
82.2
796.6
238.2
124.6
150.1
206.9
76.8
800.6
226.6
130.8
160.8
208.7
73.7
837.8
237.0
136.9
170.3
222.1
71.5
826.4
236.1
127.2
162.8
226.7
73.6
834.8
224.5
128.3
171.4
234.1
76.5
4.9
5.4
4.7
5.1
4.6
4.7
4.7
4.8
4.5
4.7
4.5
4.4
5.7
5.4
5.5
5.6
5.1
5.1
4.2
5.0
4.0
4.3
4.8
3.6
4.4
4.7
3.4
4.5
4.8
3.2
4.2
4.8
3.2
4.4
4.9
3.3
Plains
Iowa
Kansas
Minnesota
.
Missouri
Nebraska
North Dakota
South Dakota
256.9
33.3
27.2
92.3
77.6
16.3
4.6
5.6
247.4
31.4
29.3
84.6
76.7
16.3
4.5
4.6
249.5
34.3
30.5
77.9
80.7
16.4
4.3
5.4
252.4
35.8
34.0
79.8
79.3
15.7
3.2
4.6
283.7
37.7
42.7
89.8
84.1
19.1
4.7
5.6
298.5
37.8
45.4
96.6
84.0
20.8
3.5
10.4
3.7
3.1
2.9
4.9
3.8
2.6
2.1
2.3
3.4
2.9
3.1
4.3
3.7
2.5
2.0
1.8
3.4
3.1
3.1
3.9
3.8
2.5
1.8
2.0
3.3
3.1
3.4
3.8
3.6
2.3
1.3
1.6
3.6
3.2
4.1
4.2
3.8
2.7
1.9
1.9
3.7
3.1
4.2
4.4
3.7
2.9
1.4
3.5
1,185.6
61.7
30.8
196.0
156.4
71.2
62.1
23.4
191.4
111.7
124.2
122.1
34.6
1,233.6
61.6
30.4
203.8
167.6
75.7
60.4
23.2
211.4
105.8
129.7
128.9
35.1
1,263.2
60.7
30.8
201.0
174.4
81.2
58.1
23.2
219.8
113.8
135.1
130.7
34.4
1,286.3
60.6
32.1
210.0
180.1
83.4
51.0
22.6
225.3
111.6
136.3
141.4
31.9
1,354.4
61.7
37.6
239.8
195.0
86.5
55.7
20.6
231.6
117.2
136.4
146.2
26.1
1,361.0
65.0
35.2
240.9
188.9
89.5
58.0
21.7
225.0
116.9
149.4
143.3
27.2
5.5
4.5
3.8
4.2
6.2
5.6
4.7
5.5
4.3
3.6
4.2
6.3
5.8
4.4
5.4
4.2
3.5
3.9
6.3
6.0
4.1
5.3
4.0
3.5
4.0
6.2
6.0
3.5
5.5
4.0
4.0
4.4
6.4
6.1
3.7
5.4
4.1
3.7
4.2
6.0
6.1
3.8
3.0
2.8
2.7
2.5
2.3
2.4
7.1
8.8
6.4
7.6
8.1
6.4
7.6
8.4
6.4
7.5
8.0
6.2
7.5
8.2
6.2
7.1
7.9
6.6
5.3
5.4
5.3
5.6
5.6
5.3
6.8
6.7
6.4
5.8
4.7
4.8
Southwest
Arizona
New Mexico
Oklahoma
Texas
424.5
52.7
13.6
42.9
315.3
412.3
52.4
16.2
39.0
304.7
423.4
46.3
18.7
36.8
321.6
428.7
51.9
16.2
34.2
326.4
440.1
57.8
15.4
36.7
330.2
461.8
59.4
17.4
34.4
350.6
4.8
4.1
4.5
3.8
4.4
3.2
4.3
3.3
4.3
3.5
4.3
3.4
2.9
3.3
3.6
3.0
2.8
3.1
4.4
5.2
3.9
4.9
3.5
4.9
3.2
4.8
3.3
4.7
3.0
4.8
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
108.8
61.5
13.7
5.1
22.9
5.6
107.4
60.0
11.3
5.3
25.0
5.8
117.3
66.7
11.9
4.9
28.1
5.7
123.4
72.2
11.3
4.4
28.6
6.9
128.7
72.7
12.3
4.5
32.7
6.5
140.7
80.3
12.4
4.4
36.7
6.9
4.0
4.5
4.0
3.7
4.2
3.1
3.8
4.4
3.1
3.8
4.5
2.8
3.8
4.4
3.0
4.0
4.7
2.9
2.0
3.6
3.7
2.0
3.7
3.7
1.8
3.9
3.5
1.5
3.7
4.1
1.5
4.0
3.8
1.5
4.3
4.0
Far West
Alaska
California
Hawaii
Nevada
Oregon
.
Washington
731.6
9.8
522.7
53.8
23.2
41.9
80.2
723.2
9.5
528.6
52.4
22.1
42.5
77.6
743.4
9.0
536.4
50.8
22.6
46.7
77.9
765.0
9.8
548.6
48.9
25.0
49.7
83.0
776.5
10.2
557.5
47.5
25.5
49.2
86.6
792.3
8.7
569.4
50.1
25.5
52.0
86.6
5.0
5.5
4.9
11.9
4.0
3.9
4.3
4.9
5.1
5.0
11.8
3.6
3.9
4.1
4.9
4.7
5.0
11.5
3.3
4.0
4.0
4.9
5.0
5.0
11.1
3.5
4.1
4.2
4.9
5.2
4.9
10.8
3.3
3.9
4.2
4.8
4.3
4.9
11.4
3.1
4.0
4.0
19.8
10.0
4.7
28.9
11.3
2.9
28.4
13.0
5.4
27.4
13.1
2.4
20.0
10.9
6.0
17.1
10.3
2.2
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Total
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
tt Minninnmni
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
.
Puerto Rico
Other U S areas 3
Foreign4
.
9.9
1. The data on employment in private industries used to calculate the shares shown in this
table are from BEA's Regional Economic Information System. The totals are equal to employment
in private industries less employment of private households. The U.S. employment totals used
to calculate affiliate shares in this table differ from those used for the all-industries line of tables
8 and 9, which are from table 6.4C of the "National Income and Product Accounts (NIPA) Tables."
They differ from the NIPA estimates of employment because they include depository institutions,
and, by definition, they exclude U.S. residents temporarily employed by U.S. businesses. They
also may differ from the NIPA estimates because of different definitions and revision schedules.
2. For consistency with the coverage of the private-industry employment data, U.S.-affiliate employment in Puerto Rico, in "other U.S. areas," and in "foreign" was excluded from the U.S.affiliate employment total when the percentage shares on this line were computed.
3. Consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S.
areas.
4. Consists of employees of U.S. affiliates working abroad
n a Not available
SURVEY OF CURRENT BUSINESS
August 1999
Table 11.-Manufacturing Employment by Nonbank U.S. Affiliates by State, 1992-96
Employment as a percentage of total manufacturing
employment in the State'
Thousands of employees
2
1992
1993
1994
1995
1996
1992
1993
1994
1995
1996
2,059.6
2,079.3
2,135.3
2,111.7
2,154.6
11.2
11.4
11.5
11.3
11.5
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
110.5
31.9
7.0
50.3
11.9
6.1
3.3
115.7
32.0
7.9
50.3
15.0
7.4
3.1
117.7
30.7
8.6
51.5
14.8
8.6
3.5
120.2
28.0
12.4
51.7
15.3
8.3
4.5
122.7
30.0
13.2
52.3
15.8
7.6
3.8
10.1
10.4
7.5
10.8
12.1
6.7
7.5
10.8
10.8
8.6
11.1
15.3
8.3
7.1
11.1
10.7
9.3
11.4
14.6
9.7
7.9
11.4
10.0
13.5
11.6
14.9
9.7
9.9
11.7
10.8
14.9
11.7
15.1
9.2
8.2
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
346.5
18.4
.4
27.5
91.2
99.8
109.2
350.9
17.8
.5
27.0
89.9
99.9
115.8
346.4
17.1
1.0
27.6
87.0
101.1
112.6
329.2
327.6
6.3
.8
6.3
.8
25.9
86.4
94.3
114.7
12.5
27.2
2.8
14.9
17.2
9.8
11.4
12.9
27.2
3.6
15.0
17.4
10.1
12.2
12.9
27.0
7.5
15.3
17.0
10.5
11.9
12.5
10.2
6.1
14.3
16.6
10.7
12.0
12.6
10.9
6.1
14.8
17.8
10.1
12.2
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
455.3
118.5
86.1
75.3
130.1
45.3
457.3
117.8
86.7
80.0
130.2
42.6
464.8
115.2
90.1
82.9
132.1
44.5
466.6
465.0
116.8
84.9
82.9
135.4
45.0
11.2
12.8
13.6
8.3
12.3
8.2
11.1
12.6
13.4
8.8
12.3
7.6
11.0
12.0
13.5
8.7
12.3
7.6
10.7
11.7
13.6
9.0
12.0
6.5
10.7
12.0
12.5
8.5
12.3
7.4
116.7
21.5
13.1
33.5
35.3
8.3
2.0
3.0
113.9
19.5
14.0
30.1
37.5
8.4
1.8
2.6
121.0
20.0
15.3
31.0
39.7
9.4
2.5
3.1
124.2
20.5
132.6
22.3
17.6
34.8
44.4
8.7
1.7
3.1
8.4
9.3
7.1
8.4
8.5
8.2
10.8
8.1
8.1
8.2
7.6
7.4
9.1
8.1
9.2
6.5
8.4
8.1
8.1
7.4
9.5
8.6
11.7
7.1
8.4
8.1
8.6
7.4
10.1
7.4
7.8
5.8
8.9
8.9
8.9
8.1
10.6
7.6
7.7
6.4
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
595.7
40.1
18.8
46.2
72.4
48.0
24.3
13.2
119.5
64.9
77.6
51.2
19.5
614.3
39.2
19.4
49.3
76.4
52.0
23.3
13.6
120.6
65.3
82.8
52.5
19.9
637.7
39.9
21.6
49.0
77.4
57.6
22.5
13.5
127.3
70.4
85.9
52.6
20.0
618.0
39.1
22.6
47.8
79.4
59.7
21.9
11.8
124.5
66.1
83.3
45.8
16.0
620.6
12.9
10.4
7.9
9.5
13.2
16.8
13.0
5.2
14.2
17.4
15.0
12.5
23.6
13.2
10.1
7.9
10.1
13.7
17.6
12.5
5.3
14.2
17.3
15.6
12.9
23.9
13.4
10.2
8.5
10.0
13.3
18.8
11.9
5.1
14.7
18.5
15.9
12.9
24.3
12.9
9.9
8.7
9.8
13.4
18.9
11.6
4.6
14.4
17.4
15.4
11.3
19.3
13.2
10.6
9.7
9.6
14.5
20.0
12.0
4.7
13.6
18.1
15.9
11.7
14.6
Southwest
Arizona
New Mexico
Oklahoma
Texas
142.9
11.4
3.2
16.5
111.8
138.3
11.1
2.9
15.0
109.3
151.1
12.7
3.9
15.3
119.2
156.3
15.3
3.5
14.8
122.7
171.5
17.3
10.6
6.6
7.8
10.1
11.5
10.0
6.3
6.8
8.9
11.0
10.7
6.8
8.8
8.9
11.8
10.8
7.9
7.8
8.6
11.9
11.6
8.6
7.8
8.8
12.7
27.0
13.7
4.1
1.3
6.8
1.1
29.1
14.5
3.2
1.5
8.8
1.1
34.9
33.1
19.2
2.7
.8
9.5
1.7
K
19.2
3.0
F
10.3
1.4
6.9
18.1
3.6
1.1
10.8
1.3
7.4
6.2
5.7
6.4
11.7
7.3
7.8
4.6
6.4
8.0
11.4
8.5
9.6
5.0
4.7
9.3
12.9
8.0
9.9
3.8
3.4
7.7
17.4
250.3
2.5
196.6
2.6
243.8
2.9
244.0
2.5
191.9
1.8
3.8
20.2
23.8
247.7
2.2
193.1
2.0
4.2
21.7
24.5
264.4
2.0
205.0
1.9
4.6
18.0
27.0
191.1
2.5
3.8
18.5
25.0
21.6
29.3
9.9
13.7
10.4
13.1
13.6
8.5
7.8
10.0
16.8
10.6
13.4
12.8
8.6
7.3
10.1
14.9
10.7
10.0
11.2
9.0
7.0
10.2
12.8
10.8
11.7
11.4
9.4
7.3
10.5
12.2
11.1
11.3
11.8
9.1
8.5
11.5
2.5
.9
13.2
2.4
.3
14.8
2.7
.2
12.5
2.4
0
12.4
Q
0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Total
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
...
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
Puerto Rico
Other U.S. areas 3
Foreign 4
3.6
n.a. Not available.
1. The data on employment in manufacturing used to calculate the shares shown in this table
are from BEA's Regional Economic Information System (REIS). The U.S. manufacturing employment totals used to calculate shares in this table differ from the NIPA estimates for manufacturing
in 1992 and 1996 used for table 9 (see footnote 1 to table 9). They differ from the NIPA estimates
of employment because, by definition, they exclude U.S. residents temporarily employed abroad
by U.S. businesses. They also may differ from the NIPA estimates because of different definitions
and revision schedules.
2. Total affiliate manufacturing employment and the shares of all-U.S.-business manufacturing
employment accounted for by affiliates in this table differ from those shown in table 9 (see foot-
25.3
83.0
101.1
113.5
112.9
93.6
88.2
132.4
39.5
16.6
31.7
42.7
8.3
1.7
2.7
41.0
24.7
47.6
85.3
62.7
22.8
11.6
115.7
66.9
83.0
47.3
12.0
3.6
15.5
135.1
4.1
(
8>0
12.9
note 3 to table 9). For consistency with the coverage of the private-industry employment data,
U.S. affiliate employment in Puerto Rico, in "other U.S. areas," and in "foreign" was excluded
from the U.S.-affiliate total when the percentage shares on this line were computed.
3. Consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S.
areas.
4. Consists of employees of U.S. affiliates working abroad.
NOTE.—Size ranges are given in employment cells that are suppressed. The size ranges are
A - 1 to 499; 1^-500 to 999; G—1,000 to 2,499; H-2,500 to 4,999; J—5,000 to 9,999; J—10,000
to 24,999; K-25,000 to 49,999; L-50,000 to 99,999; NMOO.OOO or more.
•
35
36
• August 1999
SURVEY OF CURRENT BUSINESS
Profitability
In 1997, the net income of affiliates—after-tax
profits on a financial-accounting basis—increased
$18.2 billion, to $42.5 billion, following an increase of $8.9 billion in 1996.8 The increase
in 1997 was mainly due to increased operating
profits, as "profit-type return"—before-tax profits generated from current production on an
economic-accounting basis—increased $14.8 billion, to $57.8 billion (table 12) ? Capital losses of
$1.3 billion in 1996 shifted to capital gains of $2.7
billion, and U.S. income taxes paid by affiliates
increased $1.3 billion, to $25.6 billion.
The large increases in net income and profittype return in 1997 continue a pattern of strong
growth since 1992. Some of this growth reflected
the entry of affiliates into the direct investment
8. Net income of affiliates is that shown in the affiliates' income statements; it includes capital gains and losses, income from investments, and
other nonoperating income.
9. Affiliates' profit-type return is calculated before the deduction of income taxes or depletion charges; it excludes capital gains and losses, income
from investments, and other nonoperating income, and it includes an inventory valuation adjustment (IVA). Conceptually, profit-type return should also
include a capital consumption adjustment (ccAdj), but estimates of ccAdj by
industry are not available; estimates of profit-type return with both IVA and
ccAdj are presented for nonfinancial U.S. affiliates in table 14. For a more
detailed description of this measure and for a comparison of this measure
and the corresponding measure used in the U.S. national income and product
accounts, see Jeffrey H. Lowe, "Gross Product of U.S. Affiliates of Foreign
Companies, 1977-87," SURVEY 70 (June 1990): 53.
universe, but most of it was attributable to the
improved profitability of existing affiliates.
By sic-based industry, affiliates' net income
and profit-type return in most of the major
industries increased substantially in 1997. In
manufacturing, affiliates' net income increased
$6.2 billion, or 76 percent, mainly because of a
$4.9 billion increase in profit-type return. Within
manufacturing, profit-type return increased $2.2
billion in transportation equipment, reflecting
increased operating profits by affiliates in motor vehicle manufacturing. In wholesale trade,
profit-type return increased $3.4 billion, mainly
as a result of increased operating profits by
affiliates in motor vehicle wholesale trade.
Affiliates' net income increased more than $3
billion in finance, except depository institutions,
and in insurance, reflecting large increases in
both operating profits and capital gains. In
petroleum, net income and profit-type return
each increased more than $1 billion, but the increases were smaller than in 1996. As a result
of increases in operating profits, affiliates' net
income in real estate and in services both turned
positive for the first time in over a decade.10
On a NAICS basis, affiliates' net income and
profit-type return in 1997 were positive in most
10. In real estate, the net income of affiliates was negative every year in
1986-96; in services, net income was negative every year in 1981-96.
Table 12.—Net Income and Profit-Type Return of Nonbank U.S. Affiliates by SIC-Based Industry of Affiliate, 1992-97
[Millions of dollars]
Profit-type return 2
Net income*
1992
All industries
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment....
Transportation equipment
Other
1993 1994 1995 1996
Finance, except depository institutions
Insurance
„>.....
1994
1995
1996
1997
57,849
^,354
8,132
15,493
24,379
42,547
2,914
8,798
22,615
27,847
43,007
-485
1,098
428
2,101
5,401
6,527
3,044
3,298
4,062
4,735
6,713
7,918
-9,171
238
-1,281
-1,005
-2,014
-15
-1,638
-1,112
-820
-1,424
-6,351
6,432
15,965
20,886
-71
6,117
571
6,724
410
2,098
3,425
878
597
990
421
-254
-320
187
2,172
12,310
211
7,921
12,726
-172
5,123
-439
1,025
1,680
384
4,602
-657
-565
4,329
-1,621
3,338
-563
-1,445
-408
-2,193
-1,778
-683
14,268
675
4,359
2,226
938
1,136
157
1,308
1,690
1,779
1,870
5,532
2,837
1,335
909
1,405
1,681
2,317
3,000
-157
1,548
3,439
-335
Retail trade
1993
-21,331
-641
52
13
408
512
3,834
801
1,210
101
-384
607
1,063
Wholesale trade
19971992
-70
-2,086
-611
551
1,087
2,318
4,960
1,787
982
473
82
-1,261
-788
-880
663
770
466
305
1,213
14
1,287
1,049
4,124
547
3,434
5,667
9,071
1,966
151
6,323
-234
43
-1,301
-759
-282
510
1,529
272
16
790
•^67
677
504
977
2,266
1,368
271
110
928
483
2,543
3,090
4,541
391
-4,672
-3,142
Services
Hotels and other lodging places .
Business services
Motion pictures
Other
.. .
-3,125
-1,200
-458
-2,359
-1,427
-45
-422
-465
1,778
2,199
Other industries
-4,326
1,034
-2,347
-1,181
238
-314
-1,090
-336
* Less than $500,000.
1. Net income is after-tax profits on a financial accounting basis, as shown in affiliates' income
statements. It includes capital gains and losses, income from investments, and other nonoperating
income.
7,521
512
506
3,379
1,841
2,128
1,814
3,746
2,620
2,726
7,907
5,030
-2,022
-1,722
35
-2,706
-2,199
-2,049
-2,403
-1,142
24
-576
-709
-1,787
-289
-1,235
140
-403
159
478
-222
-1,620
-1,206
310
-434
-291
-2,221
107
-204
-2,310
-1,541
225
-382
-312
3,599
5,822
3,712
-91
-431
-2,248
-1,603
136
3,975
4,139
2,961
Real estate
1,345
1,535
571
599
527
118
296
-1,244
-779
-2,150
-1,110
90
-373
-757
-733
-312
-472
-12
1,755
5,350
8,745
-1,147
260
-555
63
480
139
479
-240
102
2. Profit-type return is a component of gross product originating in U.S. affiliates. It is before
income taxes; it excludes capital gains and Tosses, income from investments, and other nonoperating income; it is before deduction of depletion charges; and it includes an inventory valuation
adjustment
SURVEY OF CURRENT BUSINESS
August 1999
of the industries with substantial foreign direct
investment activity (table 13). In finance (except
depository institutions) and insurance, operating
profits were particularly strong, accounting for
more than 40 percent of gross product.
been narrowing recently, and the gap in 1997 was
the smallest since 1988.
Return on assets.—The rate of return on assets
of nonfinancial affiliates increased to 6.5 percent
in 1997 from 6.0 percent in 1996 (table 14 and
chart 2). In comparison, the rate of return for
all U.S. nonfinancial corporations was unchanged
at 8.0 percent.11 Although the rate of return for
affiliates has been lower than that for U.S. nonfinancial corporations for many years, the gap has
The 1997 benchmark survey provides information
on U.S.-affiliate research and development (R&D),
employment, and trade in goods that is collected
only in benchmark survey years. The data on
R&D include expenditures on R&D performed by
affiliates broken down by source of funding—that
Expanded Information from the
Benchmark Survey
CHART 2
11. For both U.S. affiliates and all U.S. corporations, the rate of return
is measured as profit-type return plus interest paid as a percentage of total
assets. In the computation of these measures, both the return and the assets
that generate the return are valued in prices of the current period.
Return on Assets of Nonfinancial U.S.
Affiliates and U.S. Domestic Nonfinancial
Corporations, 1987-97
Table 13.—Net Income and Profit-Type Return of Nonbank
U.S. Affiliates by NAICS-Based Industry of Affiliate, 1997
Net
income'
Profittype
return 2
57,849
15.0
18,826
26,027
13.8
Food
Beverages and tobacco products
Paper
Printing and related support activities
Petroleum and coal products
183
605
63
189
4,463
1,231
1,264
73
301
4,859
11.2
21.4
1.4
10.7
20.7
Chemicals
Plastics and rubber products
Nonmetallic mineral products
Primary metals
Fabricated metal products
Machinery
4,280
260
2,225
788
956
1,390
5,443
564
2,835
1,140
812
2,373
13.3
7.1
23.5
13.3
10.3
14.3
Computers and electronic products
Electrical equipment, appliances, and
components
Transportation equipment
Motor vehicles, bodies and trailers,
and parts
Other
Other
-257
331
2.1
631
2,060
710
2,709
9.4
20.0
1,883
176
990
2,409
300
1,382
1,543
2,346
2,605
5,542
21.9
13.9
Retail trade
1,197
2,039
8.2
Information
Publishing industries
Motion picture and sound recording
industries
Broadcasting and telecommunications
Information services and data processing
services
2,445
338
4,041
310
14.9
4.2
28
2,004
-359
3,850
-14.1
23.8
75
240
22.3
11,220
12,077
45.9
204
481
5.3
Real estate and rental and leasing
Professional, scientific, and technical
services
-570
-265
-4.4
Other industries
5,337
5,302
10.4
1. See table 12, footnote 1.
2. See table 12, footnote 2.
7
6
5
4
3
1987 88 89 90 91 92 93 94 95 96 97
U.S. Department of Commerce, Bureau of Economic Analysis
Table 14.—Return on Assets of Nonfinancial U.S. Affiliates
and U.S. Domestic Nonfinancial Corporations, 1987-97
U.S.
Billions of dollars
Percent
Property income
21.2
13.7
14.5
15.7
Finance (except depository institutions)
and insurance
U.S. Domestic Nonfinancial Corporations
8
Nonfinancial U.S. affiliates •
8,147
Wholesale trade
Motor vehicles and motor vehicle parts
and supplies
Other
9
Addendum:
Profit-type
return as
a
percentage of
gross
product
42,547
All industries
Manufacturing
Percent
10
RatA nf
Total
(D
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
....
....
....
....
....
....
....
....
....
....
....
30.3
37.8
43.9
39.3
38.7
37.9
42.0
56.5
66.4
80.8
94.6
Profit-type
return
Monetary
interest
paid
(2)
(3)
10.7
11.7
8.5
-.1
-2.1
2.1
7.0
21.2
26.3
40.2
50.5
19.6
26.1
35.4
39.4
40.8
35.7
35.0
35.4
40.1
40.6
44.1
Total
assets3
(4)
546.6
670.2
833.4
984.2
1,076.0
1,097.3
1,135.2
1,211.5
1,270.5
1,338.4
1,464.1
nonfinancial
corpora-
nalo ui
return
((col. 1/
col.4) x
100)
Percent
(5)
(6)
5.5
5.6
5.3
4.0
3.6
3.5
3.7
4.7
5.2
6.0
6.5
tions
Rate of
return 4
6.6
7.0
7.0
6.8
6.6
6.4
6.6
7.4
7.8
8.0
8.0
1. Excludes finance, except depository institutions, and insurance (in addition to depository
institutions, which are excluded from all data on U.S. affiliate operations).
2. Profit-type return as shown in table 13 plus a capital consumption adjustment (CCAdj).
(Estimates of CCAdj by industry are not available.)
3. Average of beginning- and end-of-year value.
4. Equals the ratio of property income to total assets. Data on property income of U.S. domestic nonfinancial corporations are from tables 1.16 and 8.18 in the national income and product accounts. Data on total assets are from the Federal Reserve Board's flow of funds accounts.
• 37
38 • August 1999
SURVEY OF CURRENT BUSINESS
is, whether the R&D is performed for the affiliates themselves, for the Federal Government, or
for others under contract. The data on affiliate
employment include the number of employees
covered by collective bargaining agreements. The
data on U.S. trade in goods of affiliates include
exports and imports by product and by country
of destination or origin. They also include imports by intended use—that is, whether intended
for further manufacture, for resale without further processing, or as additions to the affiliates'
capital stock.12
Research and development
In 1997, expenditures on R&D performed by U.S.
affiliates (both for themselves and for others)
totaled $19 billion and accounted for about 12
percent of the R&D performed by all U.S. businesses (table 15). The amount of R&D performed
by affiliates was slightly less than the amount of
R&D funded by affiliates, which includes R&D performed for affiliates by others under contract and
excludes R&D performed by affiliates for others.13
Of the total R&D performed by affiliates, nearly
all—93 percent—was financed by the affiliates
themselves, less than 7 percent was financed by
other private companies under contract, and less
than 1 percent was financed by the Federal Government. In contrast, 15 percent of the R&D
12. Since 1993, data on imports intended for further manufacture by
affiliates have also been collected in BEA'S annual surveys of affiliate
operations.
13. R&D funded by affiliates is the basis on which annual data on affiliate
R&D expenditures were collected in BEA'S previous surveys. Beginning with
the 1998 annual survey, the basis will shift to R&D performed by affiliates,
which is the basis on which National Science Foundation surveys collect
information on R&D from U.S. businesses.
performed by all U.S. businesses was financed
by the Federal Government. U.S. affiliates accounted for 14 percent of the privately funded
R&D performed by all U.S. businesses, but they
accounted for less than 1 percent of the federally
funded R&D. The low affiliate share of federally
funded R&D may reflect the fact that much of
this research is military related and is therefore
generally off limits to foreign-owned companies.
The ratio of R&D performed by affiliates to affiliate gross product was 5 percent, twice the ratio of
R&D to gross product for all U.S. businesses. The
higher ratio for affiliates reflects the tendency of
U.S. affiliates to be large companies, which typically perform more R&D than small companies,
and the tendency for affiliates to be more concentrated in research-intensive industries, such as
chemicals.
By NAics-based industry, more than one-half
of the total expenditures on R&D performed
by affiliates was accounted for by affiliates in
two manufacturing industries: Chemicals and
computers and electronic products (table 16).
Within chemicals, affiliates in pharmaceuticals and medicines—one of the most researchintensive industries—accounted for more than
one-fourth of affiliate R&D. In 1997, expenditures
on R&D performed by these affiliates amounted to
about 10 percent of affiliate sales and one-third of
affiliate gross product. In comparison, for affiliates in all industries, the ratio of R&D to sales was
Table 16.—Research and Development Performed by
Nonbank U.S. Affiliates by NAICS-Based Industry of
Affiliate, 1997
PercentMillions
of
dollars
Table 15.—Research and Development Performed by
Nonbank U.S. Affiliates and by All U.S. Businesses, 1997
Millions of dollars
By
nonbank
U.S.
affiliates
Total
By all
as.
businesses 1
19,260 157,539
Percent of total
By all
By
U.S.
nonbank
busiU.S.
1
affiliates nesses
100.0
100.0
Addendum:
Nonbank
U.S.
affiliates
asa
percentage of
airu.s.
businesses
12.2
23,928
.4
15.2
.4
For private companies
For themselves
For others
19,176 133,611
n.a.
17,881
n.a.
1,295
99.6
92.8
6.7
84.8
n.a.
n.a.
14.4
n.a.
n.a.
Addendum.*
Total research and
development funded by
affiliates2
.. .
19,690
For Federal Government
84
1. Data are from the National Science Foundation.
2. See table 2, footnote 1.
n.a. Not available.
All industries
Manufacturing
Chemicals
Pharmaceuticals and medicines
Other
Machinery
Computers and electronic products
Computers and peripheral equipment
Communications equipment
Semiconductors and other electronic
components
Navigational, measuring, and other
instruments
Other
Electrical equipment, appliances, and
components
Transportation equipment
Other
Wholesale trade
Information
Professional, scientific, and technical
services
Other
Asa
percentage of:
allindusSales
Gross
product
1.1
5.0
2.3
8.3
7,009
5,398
1,611
980
4,012
250
2,252
100.0
81.1
36.4
28.0
8.4
5.1
20.8
1.3
11.7
4.9
10.9
1.7
1.7
5.5
1.5
9.2
17.1
33.5
6.5
5.9
25.6
24.5
38.2
633
3.3
3.6
14.0
619
258
3.2
1.3
9.6
3.2
24.4
15.2
707
2,110
1,895
588
4.2
3.7
11.0
9.8
3.1
3.1
1.0
.7
10.7
5.2
2.2
.4
.7
3.7
2.2
762
388
4.0
2.0
4.8
.1
12.7
.3
19,260
15,627
SURVEY OF CURRENT BUSINESS
1 percent, and the ratio of R&D to gross product
was 5 percent. Within computers and electronic
products, the research intensity of affiliate operations was particularly high in communications
equipment and in navigational, measuring, and
other instruments.
Union-represented employment
In 1997, 15 percent of the employees of nonbank
U.S. affiliates were covered by collective bargaining agreements (table 17). The union-represented
share of affiliate employment varied considerably
across industries: By NAics-based industry at the
sector level, the share ranged from 38 percent
in transportation and warehousing to zero perTable 17.—Employment of Nonbank U.S. Affiliates Covered
by Collective Bargaining Agreements by NAICS-Based
Industry of Affiliate, 1997
Thousands of
employees
Union
employment
Total
employment
Union
employment as
a
percenttotal
employment
774.2
5,164.3
380.8
2,227.0
17.1
Food
Beverages and tobacco products
Paper
Petroleum and coal products
39.3
9.5
26.5
9.2
152.7
31.2
61.6
58.8
25.7
30.4
43.0
15.6
Chemicals
Plastics and rubber products
Nqnmetallic mineral products
Primary metals
Fabricated metal products
40.8
26.4
30.0
36.9
26.9
389.4
124.3
132.8
95.6
123.8
10.5
21.2
22.6
38.6
21.7
Machinery
Computers and electronic products
Electrical equipment, appliances, and
components
Transportation equipment
Motor vehicles, bodies and trailers,
and parts
Other
Other
34.6
20.9
260.8
239.6
13.3
8.7
16.1
31.5
129.5
207.9
12.4
15.2
28.4
3.1
32.2
170.0
37.9
219.0
16.7
8.2
14.7
30.3
538.5
5.6
All industries
Manufacturing
Wholesale trade
Motor vehicles and motor vehicle parts and
supplies
Other
Retail trade
Food and beverage stores
Other
.
15.0
11.0
19.3
88.0
450.5
12.5
4.3
192.3
187.8
4.4
688.7
475.0
213.7
27.9
39.5
2.1
24.3
293.4
8.3
Finance (except depository institutions) and
insurance
0
219.8
0
Real estate and rental and leasing
1.3
47.0
2.8
Professional, scientific, and technical
services
2.0
82.6
2.4
143.1
12.3
12.5
70.0
1,067.3
65.2
76.9
185.5
13.4
18.9
16.3
37.7
23.8
18.9
5.6
279.1
270.4
190.2
8.5
7.0
2.9
Information
Other industries
Mining
Construction
Transportation and warehousing
Administration, support, and waste
management
Accommodation and food services
Other
August 1999
cent in finance (except depository institutions)
and insurance. The union employment share
in manufacturing was 17 percent. Within manufacturing, the share was highest in such basic
industries as paper (43 percent) and primary metals (39 percent); the share was lowest in such
research-intensive industries as chemicals (10 percent) and computers and electronic products (9
percent).
Overall, the union employment share for affiliates in 1997 (15 percent) was higher than that
for all U.S. private wage and salary workers (11
percent) (table 18). The higher share for affiliates mainly reflects industry-mix effects; for
example, on an sic-division basis, services (an
industry with relatively low unionization) accounted for nearly one-third of employment for
all private wage and salary workers but for less
than 12 percent of affiliate employment. On a
disaggregated-industry basis, the union employment share for U.S. affiliates exceeded that for
all private wage and salary workers in half of the
industries for which comparable data are available. The difference is particularly marked in
retail trade, where the affiliate union employment share was 23 percent, compared with 6
percent for all wage and salary workers. In this
industry, the higher affiliate share can probably
be attributed to the tendency for foreign direct
investment to be concentrated in large-scale enterprises (such as large grocery store chains),
Table 18.—Union Employment as a Percentage of Total
Employment for Nonbank U.S. Affiliates and All Private
Wage and Salary Workers by SIC-Based Industry,
1992 and 1997
U.S. affiliates
1992
All private wage
and salary
workers f
1997
1992
All industries
1997
20.3
15.0
12.5
10.6
Mining 2
Construction
Manufacturing 3 .
35.1
33.5
24.7
26.5
17.4
16.5
16.1
21.1
21.0
14.3
19.5
17.2
Transportation
Communication and public utilities ...
Wholesale trade
35.8
25.9
9.7
35.0
10.0
5.3
30.3
36.3
7.5
27.9
26.7
6.6
Retail trade
Finance, insurance, and real estate 4
Services
Other5
20.3
.8
12.2
6.9
23.1
.4
7.8
5.7
7.2
2.9
7.1
2.8
6.1
2.8
6.5
2.4
1. Estimates are from household survey data reported in Bureau of Labor Statistics, Employment and Earnings, January 1994 and January 1999. These estimates include employees of
depository institutions.
2. For U.S. affiliate data, excludes oil and gas extraction.
3. Includes petroleum and coal products manufacturing.
4. For U.S. affiliate data, excludes depository institutions.
5. For U.S. affiliates, consists of agriculture, forestry, and fishing plus all industries grouped
in petroleum other than petroleum and coal products manufacturing. For all U.S. businesses,
consists of agriculture.
NOTE.—For U.S. affiliates, "union employment" refers to employees covered by a collective
bargaining agreement. For all private wage and salary workers, "union employment" refers to
members of a labor union or an employee association similar to a union as well as workers
who report no union affiliation but whose jobs are covered by a union or an employee association contract.
•
39
SURVEY OF CURRENT BUSINESS
4O • August 1999
which generally have higher rates of unionization
than small businesses.
Both in the aggregate and within most sicbased industries, the union-represented share of
affiliate employment was substantially lower in
1997 than in 1992. For affiliates in all industries,
the share dropped from 20 percent in 1992 to 15
percent in 1997. In comparison, the union employment share for all private wage and salary
workers declined less rapidly, from 13 percent to
11 percent. The more rapid decline in union
representation for affiliates may reflect a relative
absence of constraints on foreign direct investors
(compared with domestically owned U.S. businesses with existing union contracts) to set up
new operations in areas with low union activity.
In manufacturing, the union employment
share for affiliates declined from 25 percent to 17
percent, while the share for all workers declined
from 21 percent to 17 percent. Declines in the
affiliate shares were also relatively pronounced in
mining, construction, and communication and
public utilities.
ates have accounted for 20-25 percent of exports
and for 30-35 percent of imports.14 In 1997, the
share of U.S. exports of goods accounted for by
affiliates was 20 percent, down from 23 percent
in 1992. Most of this decrease occurred in 1997
and reflected reductions in exports by wholesale
trade affiliates—particularly affiliates of Japanese
general trading companies and foreign-owned
wholesalers specializing in agricultural commodities. The affiliate share of U.S. imports of goods
was 30 percent in 1997, down from 35 percent
in 1992. As with exports, most of the decrease
occurred in 1997; the level of affiliate imports decreased in 1997 as a result of decreased imports
by wholesale trade affiliates—mainly Japaneseand Korean-owned affiliates specializing in electrical goods and in professional equipment and
supplies.
By product—In 1997, U.S. affiliates accounted for
more than 40 percent of U.S. exports of food,
beverages, and tobacco and for about half of
U.S. exports of mineral fuels and lubricants (a
product category that mainly consists of petroleum and products); both shares were somewhat
lower in 1997 than in 1992 (table 19 and chart 3).
U.S. affiliates continued to account for less than
Trade in goods
U.S. affiliates have accounted for a substantial
share of U.S. trade in goods since at least 1977,
the first year for which annual data on affiliate
operations are available: In most years, affili-
14. For a discussion of trends in U.S. affiliate trade in 1977-91* see William
J. Zeile, "Merchandise Trade of U.S. Affiliates of Foreign Companies," SURVEY
73 (October 1993): 52-65.
Table 19.-U.S. Trade in Goods by Nonbank U.S. Affiliates by Product, 1992 and 1997
As a percentage of total U.S. trade 1
Millions of dollars
Total trade by
affiliates
U.S. exports of goods, total
Food, beverages, and tobacco
Crude materials, inedible, except fuels
Mineral fuels and lubricants
Chemicals
Machinery
Industrial machinery and equipment
Office machines and automatic data processing
machines
Telecommunications, sound equipment, and other
electrical machinery
Other transport equipment...
Other products
U.S. imports of goods, total
Crude materials, inedible, except fuels
Mineral fuels and lubricants
Chemicals
Machinery
Industrial machinery and equipment
Office machines and automatic data processing
machines
Telecommunications, sound equipment, and other
electrical machinery
Road vehicles and parts
Other transport equipment
Other products
1. Data are from the Bureau of the Census.
2. Trade between U.S. affiliates and their foreign parent groups.
Intrafirm trade by
affiliates2
1992
1997
1992
1997
103,925
19,247
9,344
6,471
14,929
22,504
140,924
21,006
10,237
6,318
20,070
40,615
17,162
48,767
9,951
5,637
3,753
5,432
9,864
62,815
12,085
2,578
2,642
4,882
4,122
22,426
184,464
9,386
5,029
18,890
13,767
57,295
1992
1997
23.2
47.0
36.3
57.8
33.4
16.3
20.4
42.6
31.8
50.1
28.3
16.1
17.9
12.9
10.7
20.4
34.6
33.5
36.0
34.5
49.7
38.6
1992
10.9
24.3
21.9
33.5
12.1
7.1
1997
9.1
24.5
8.0
20.9
13.6
7.3
6.9
3,414
1,273
6.6
2.5
20,039
9,676
3,717
29,285
10,637
4,761
1,733
10,857
195,495
6,319
2,878
10,580
16,657
67,811
15,669
19.2
16.8
8.6
17.2
30.0
30.6
25.3
23.4
41.5
31.1
26.6
10.2
8.3
4.0
261,482
12,193
5,575
18,278
20,877
84,407
21,087
2,784
2,873
8,472
137,799
4,968
2,390
9,932
10,668
48,155
12,420
13,940
36,474
3,670
39,955
18,493
6,583
Intrafirm trade by
affiliates2
Total trade by
49,380
62,479
3,697
53,976
31,590
2,651
27,447
39,722
49,899
2,795
38,555
7.3
7.4
7.7
25.9
17.7
17.1
18.2
38.5
32.5
42.2
55.4
31.2
19.0
1992
46.9
51.7
60.3
58.0
36.4
43.8
42.0
31.7
15.6
33.9
44.2
23.6
13.6
1997
44.6
57.5
25.2
41.8
48.2
45.5
38.4
37.3
57.0
69.7
37.8
74.7
52.9
47.5
52.6
77.5
84.0
16.6
18.6
48.5
43.9
22.7
22.5
15.9
13.1
13.5
33.1
25.0
19.8
Addenda: Intrafirm
trade as a
percentage of total
trade by
affiliates
53.1
49.2
46.6
37.1
74.8
51.8
51.6
57.9
79.8
80.3
74.3
89.1
86.6
72.2
68.7
80.4
79.9
75.6
71.4
SURVEY OF CURRENT BUSINESS
20 percent of U.S. exports of machinery, of
road vehicles and parts, and of other transport
equipment; however, the share for road vehicles and parts—17 percent—was higher than in
1992, reflecting expanded affiliate operations in
the motor vehicle industry.
Affiliate exports of food, beverages, and tobacco were mainly exports to the affiliates' foreign
parent groups; most of these intrafirm exports
were by Japanese-owned wholesale trade affiliates. Intrafirm exports also accounted for more
than half of affiliate exports of telecommuni-
Affiliate Shares of U.S. Exports of
Selected Products, 1997
Percent
60
30
20
10
Food
Fuels Chemicals Electrical
machinery
U.S. Department of Commerce, Bureau of Economic Analysis
Road
vehicles
August 1999
cations, sound equipment, and other electrical
machinery.
Wholesale trade affiliates accounted for threefourths of affiliate exports of food, beverages, and
tobacco and for 80 percent of affiliate exports
of crude materials (a commodity group that includes soybeans, oil seeds, wood, pulp, and metal
ores) (table 20). Affiliates in manufacturing accounted for three-fourths of affiliate exports of
chemicals and for more than 60 percent of
affiliate exports of telecommunications, sound
equipment, and other electrical machinery.
On the import side, U.S. affiliates in 1997
accounted for 55 percent of U.S. imports of
road vehicles and parts, up from 49 percent
in 1992, and for more than 40 percent of
U.S. imports of chemicals and of telecommunications, sound equipment, and other electrical machinery (table 19 and chart 4). For
all three product groups, about 80 percent
of the affiliate imports were intrafirm imports
from the affiliates' foreign parent groups. The
affiliate imports of road vehicles and parts
were mainly by wholesale trade affiliates of
Japanese, German, and Swedish automobile
firms. Wholesale trade affiliates also accounted
for most of the affiliate imports of telecommunications, sound equipment, and other electrical machinery, and manufacturing affiliates
accounted for most of the affiliate imports of
chemicals.
Table 20.—Exports by Product, and Imports by Product and Intended Use, of Nonbank U.S. Affiliates
by NAICS-Based Industry of Affiliate, 1997
[Millions of dollars]
All industries
U.S. exports of goods, total
Manufacturing
Wholesale trade
Other
140,924
70,053
63,231
7,640
Food, beverages, and tobacco
Crude materials, inedible, except fuels
Mineral fuels and lubricants
Chemicals
Industrial machinery and equipment
Office machines and automatic data processing machines
Telecommunications, sound equipment, and otner electrical machinery
Road vehicles and parts
Other transport equipment
Other products
21,006
10,237
6,318
20,070
17,162
3,414
20,039
9,676
3,717
29,285
4,302
1,128
2,385
15,018
9,585
1,256
12,755
5,514
1,818
16,293
15,562
8,246
3,231
4,792
7,161
1,566
7,252
4,107
1,779
9,535
1,142
3,457
U.S. imports of goods, total
By product:
Food, beverages, and tobacco
Crude materials, inedible, except fuels
Mineral fuels and lubricants
Chemicals
Industrial machinery and equipment
Office machines and automate data processing machines
Telecommunications, sound equipment, and other electrical machinery
Road vehicles and parts
Ottier transport equipment
Other products
By intended use:
Capital equipment
Goods for resale without further manufacture
Goods for further manufacture
261,482
99,304
155,716
6,462
12,193
5,575
18,278
20,877
21,087
13,940
49,380
62,479
3,697
53,976
3,783
3,027
11,086
15,445
10,309
3,209
18,410
13,742
1,848
18,446
7,632
2,438
6,782
5,426
10,489
10,186
30,883
48,651
1,273
31,954
778
110
410
6
289
545
87
86
576
1,631
176,851
83,001
720
384
527
33,490
65,093
138,186
17,146
5,175
Byproduct:
863
702
260
416
592
32
55
120
3,576
762
•
41
42
• August 1999
SURVEY OF CURRENT BUSINESS
Imports by intended use.—About two-thirds of
the imports by U.S. affiliates in 1997 were goods
for resale without further processing, assembly, or
manufacture by the affiliates. For wholesale trade
affiliates, the share of goods for resale without
further manufacture was just under 90 percent.
Most of the remaining imports by affiliates
were goods for further manufacture by the affiliates; as would be expected, these imports were
mainly by manufacturing affiliates. About twothirds of the imports by manufacturing affiliates
were goods for further manufacture.
By country of destination or origin.—Among the
28 largest U.S. trading partners in 1997, the affiliate shares of U.S. exports of goods were highest
for Japan (52 percent), Sweden (43 percent), and
the Republic of Korea (30 percent) (table 21, column 8). For these three trading partners, most
of the affiliate exports to the country were by
affiliates with UBO'S in the country; for Japan,
more than 80 percent of all affiliate exports to
Japan were by Japanese-owned affiliates (table 21,
column 11). The affiliate exports to Japan and
Korea were mainly by wholesale trade affiliates
Affiliate Shares of U.S. imports of
Selected Products, 1997
Percent
Food
Fuels
Chemicals Electrical
machinery
U.S. Department of Conmerce, Bureau of Economic Analysis
Road
vehicles
(including affiliates of the countries' large general
trading companies); in contrast, the affiliate exports to Sweden were mainly by manufacturing
affiliates.
The affiliate share of U.S. exports to Japan was
substantially lower in 1997 than in 1992, partly
due to reduced exports by wholesale trade affiliates of Japan's general trading companies. In
contrast, the affiliate share of U.S. exports to
Sweden was substantially higher than in 1992,
reflecting expanded production and exports by
Swedish-owned manufacturing affiliates.
On the import side, U.S. affiliates accounted
for more than 50 percent of U.S. imports of
goods from four countries: Japan (80 percent),
Switzerland (61 percent), Germany (55 percent),
and Sweden (54 percent) (table 21, column 8).
Affiliate imports from these four countries were
mainly by affiliates with UBO'S in the countries
(table 21, column 11). In addition, most of these
imports were imports from the affiliates' foreign
parent groups: The share of U.S. imports accounted for by intrafirm imports of U.S. affiliates
was 70 percent for Japan and slightly more than
50 percent for Switzerland, Germany, and Sweden
(table 21, column 10).
Most of the affiliate imports from Japan were
by wholesale trade affiliates of Japanese manufacturing companies. These affiliates were initially
set up to market the products of their parent
companies, but many of them have since developed substantial secondary operations in manufacturing. Affiliate imports from Germany, Sweden, and Switzerland were also predominantly by
affiliates of the investing country's manufacturing
companies, which include both wholesale trade
affiliates and manufacturing affiliates.
Consistent with the overall decline in the affiliate share of U.S. imports, the affiliate shares for
Switzerland, Germany, and Sweden were lower in
1997 than in 1992. In contrast, the much higher
affiliate share of U.S. imports from Japan in 1997
was unchanged from 1992.
Tables 21 through 25 follow. ^
August 1999
SURVEY OF CURRENT BUSINESS
Table 21.—Total U.S. Trade in Goods and Trade in Goods by Nonbank U.S. Affiliates by Country of Destination and Origin,
1992 and 1997
Exports by country of destination
Millions of dollars
Addenda:
Percentage of
U.S.-affiliate total and
intrafirm exports to
country that are
accounted for by
affiliates with UBO's in
the country
Percentage of total U.S. exports
accounted for by:
Exports by nonbank U.S. affiliates
Total1
Of which! Intrafirm
exports
Total
1992
1997
1992
1997
1992
1997
1992
1997
1997
1997
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
27,669
1,689
2,801
5,727
281
2,335
3,206
739
1,440
2,195
5,379
1,877
48,767
3,606
10,671
455
972
1,902
53
446
800
244
176
835
3,072
1,716
62,815
7,478
13,885
540
1,630
3,360
129
1,089
951
185
928
1,432
2,824
817
23.2
12.6
19.6
19.4
15.3
18.7
8.0
12.8
12.6
12.6
15.9
31.9
26.7
26.6
20.4
13.1
16.9
12.0
17.5
23.4
6.1
26.0
16.2
13.3
43.5
26.4
14.8
8.7
10.9
4.0
8.7
4.5
6.7
9.0
1.9
5.1
5.8
4.4
6.2
18.4
13.5
11.0
9.1
4.9
8.5
3.8
10.2
13.7
2.8
12.1
4.8
3.3
28.0
17.2
7.8
3.8
15,371
3,402
7,200
617
4,152
1,471
1,480
565
604
311
57,355
1,495
3,364
1,877
755
984
33,991
7,598
420
394
2,078
3,259
806
334
17,694
1,640
491
591
68
490
376
492
80
302
110
31,421
274
1,308
612
60
142
25,933
1,339
113
66
624
738
155
57
562
4,852
1,673
1,688
162
1,329
289
440
166
171
103
11.7
22.7
10.0
14.4
11.2
11.4
21.4
10.1
9.3
10.2
12.9
7.1
9.4
7.2
4.8
27.7
12.4
26.2
12.4
20.9
21.8
51.9
30.3
3.9
5.3
11.7
16.0
11.0
7.1
2.2
8.5
1.5
1.2
2.0
3.8
2.9
2.0
4.2
2.0
23.8
3.1
17.6
6.7
3.1
5.1
54.2
9.1
2.6
2.4
6.5
4.8
3.9
1.6
3.6
10.5
2.4
2.5
3.3
2.5
2.1
2.8
2.0
1.6
17.0
6.2
11.0
4.7
4.1
4.0
39.3
14.5
1.1
2.0
5.3
4.7
5.5
1.4
103,925
140,924
11,418
19,884
Europe
Belgium and Luxembourg
France
Germany
Ireland
Italy
Netherlands
Spain
Sweden
Switzerland
United Kingdom
Other
122,617
10,047
14,593
21,249
2,862
8,721
13,752
5,537
2,845
4,540
22,800
15,671
163,273
14,132
15,965
24,458
4,642
8,995
19,827
5,539
3,314
8,307
36,425
21,669
24,081
1,953
2,235
3,965
230
1,114
1,729
Latin America and Other
Western Hemisphere ....
Brazil
Mexico
Venezuela
Other
75,801
5,751
40,592
5,444
24,014
134,416
15,915
71,388
6,602
40,511
8,852
1,307
4,075
785
2,685
Middle East
Israel
Saudi Arabia
Other
Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
Japan
Korea, Republic o f .
Philippines ,
Singapore ..
Taiwan
Thailand
Other
448,164
696
452
1,450
6,085
4,172
9,907
11,390
1,830
16,873
4,077
7,167
5,629
20,928
5,995
8,438
6,495
2,082
389
1,025
132,071
8,876
7,418
9,077
1,917
2,779
47,813
207,069
12,063
12,862
15,117
52,790
4,522
65,549
25,046
10,780
7,417
17,696
20,366
7,349
652
34,006
14,639
4,363
2,759
9,626
15,250
3,565
Unallocated
See footnote and notes at the end of the table.
Intrafirm
1997
151,767
Africa.
Total
1992
90,594
All countries
Canada
Intrafirm exports by
1,109
3,078
1,296
529
5,209
358
534
1,628
3,211
830
350
2,872
35,265
749
1,410
711
147
179
25,778
3,641
123
148
946
962
405
607
18.5
12.3
9.5
14.3
11.9
40.0
12.5
41.5
14.3
27.6
23.5
71.1
35.6
8.2
19.4
16.9
21.1
20.8
9.8
20.9
35.9
2.1
54.0
50.8
4.6
31.9
19.4
5.3
75.5
54.4
41.2
6.1
73.7
74.3
10.1
67.8
60.1
21.1
85.3
79.9
45.4
25.5
4.6
3.1
51.9
19.0
11.7
26.9
B
91.6
E
18.3
B
1.4
B
.3
83.4
56.1
8.3
.3
.9
8.4
.2
27.0
E
3.1
E
1.7
95.5
92.9
28.5
.7
1.9
28.0
.5
•
43
44
• August 1999
SURVEY OF CURRENT BUSINESS
Table 21.—Total U.S. Trade in Goods and Trade in Goods by Nonbank U.S. Affiliates by Country of Destination and Origin,
1992 and 1997-Continued
Imports by country of origin
Addenda:
Millions of dollars
U.S.-affiliate total and
intrafirm imports from
country that are
accounted for by
affiliates with UBO's in
the country
Percentage of total U.S. trade
accounted for by:
Imports by nonbank U.S. affiliates
Total 1
Of which: Intrafirm
imports
Total
1992
1997
1992
1997
1992
1997
1992
1997
1997
1997
(D
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
14,031
22,773
9,448
15,827
14.2
13.5
9.6
9.4
47,953
2,119
5,146
16,984
349
2,147
2,922
337
3,160
4,547
6,755
3,487
65,942
2,417
6,260
23,892
529
4,180
3,259
751
3,955
5,129
10,722
4,848
39,259
1,767
14,880
202
1,291
2,530
206
2,928
3,999
5,514
2,054
57,850
2,248
5,538
22,044
409
3,164
2,953
637
3,701
4,471
9,008
3,677
42.5
45.1
34.8
58.9
15.4
17.4
55.1
11.2
67.0
80.5
33.6
31.5
36.3
29.7
30.3
55.4
9.0
21.5
44.7
16.3
54.2
61.0
32.8
20.2
34.8
37.6
26.3
51.6
8.9
10.5
47.7
6.9
62.1
70.8
27.4
18.6
31.9
27.6
26.8
51.1
7.0
16.3
40.5
13.8
50.7
53.2
27.6
15.3
139,644
9,626
85,938
13,477
30,603
14,589
2,038
4,831
4,380
3,340
21,510
2,158
11,351
3,932
4,069
6,032
1,040
1,470
3,102
420
10,463
1,359
5,076
2,690
1,338
21.2
26.8
13.7
53.5
18.8
15.4
22.4
13.2
29.2
13.3
8.8
13.7
4.2
37.9
2.4
7.5
14.1
5.9
20.0
4.4
28.4
13.3
6.7
2.5
4,529
499
27.0
12.8
24.0
7.5
23.8
10.6
222
6.8
C
A
44.0
28.0
5.8
29.7
3.7
14.0
79.5
34.8
15.2
13.2
21.2
10.6
15.8
8.0
38.1
22.4
3.7
44.1
2.4
15.2
80.3
46.0
9.3
9.3
15.8
13.0
10.3
7.7
137,799
195,495
Africa
14,346
19,925
4,069
2,658
Middle East
15,726
3,815
10,371
1,540
20,403
7,326
9,365
3,712
4,250
489
4,894
550
3,750
403
8
8
222,501
3,688
25,728
9,793
3,780
4,529
97,414
16,682
8,294
4,355
11,313
24,596
7,529
4,800
341,059
4,602
62,558
10,288
7,322
97,875
1,034
1,503
2,906
141
634
77,440
5,802
1,262
575
2,396
2,603
1,193
386
129,824
1,030
2,342
4,533
177
1,400
97,670
10,651
1,676
967
3,174
4,250
1,301
653
77,617
677
502
1,342
20
119
67,456
3,497
520
274
1,550
1,104
313
243
105,606
781
751
2,646
22
609
85,606
7,854
623
426
2,117
3,116
585
470
1,696
13,882
727
719
9,188
121,663
23,173
18,027
10,445
20,075
32,629
12,602
8,487
Suppressed to avoid the disclosure of data of individual companies.
1. Data are from the Bureau of the Census.
NOTES.-The countries shown in this table are the 28 U.S. trading partners for which the sum
22.5
181,440
8,151
20,636
43,122
5,867
19,408
7,293
4,606
7,299
8,405
32,659
23,994
68,755
7,609
35,211
8,181
17,754
D
25.9
168,201
98,630
Unallocated
30.0
261,482
112,707
4,703
14,797
28,820
2,262
12,314
5,300
3,002
4,716
5,645
20,093
11,055
Asia and Pacific
Australia
China
Hong Kong
India
,
Indonesia
Japan
Korea, Republic o f .
Malaysia
Philippines
Singapore
Taiwan
Thailand
Other
34.6
184,464
Europe
Belgium and Luxembourg
France
Germany
Ireland
Italy
Netherlands
Saudi Arabia
Other
Intrafirm
(2)
870,671
Latin America and Other
Western Hemisphere ...
Brazil
Mexico
Venezuela
Other
Total
1997
532,665
Sweden
Switzerland
United Kingdom
Other
Intrafirm imports by
1992
All countries
Canada
Total imports by
C
A
8
34.9
18.4
2.0
13.7
.5
2.6
69.2
21.0
6.3
6.3
13.7
4.5
4.2
5.1
31.0
17.0
1.2
25.7
.3
6.6
70.4
33.9
3.5
4.1
10.5
9.5
4.6
5.5
53.0
71.1
16.0
80.3
90.3
16.9
86.8
93.9
66.6
83.5
39.4
86.8
78.4
66.4
85.0
89.5
46.5
92.2
87.7
75.1
45.6
14.2
E
72.4
223
F
90.7
F
100.0
F
67.9
4.5
13.9
4.0
1.0
98.1
81.3
.4
A
10.7
47.2
86.3
13.8
20.0
31.8
A
99.5
95.8
1.1
A
16.1
63.9
B
A
C
A
of total U.S. exports and total U.S. imports was at least $10 billion in 1997.
Size ranges are given in the percentage cells for 1997 that are suppressed; these ranges are
A-0.01 to 19.9; B-20.0 to 39.9; C-40.0 to 59.9; E-60.0 to 79.9; F-30.0 to 100.
August 1999 •
SURVEY OF CURRENT BUSINESS
Table 22.1 .-Selected Data of Nonbank U.S. Affiliates by SIC-Based Industry of Affiliate, 1996
Millions of dollars
Gross
product
All Industries .
Petroleum
Petroleum and coal products manufacturing
Sales
Millions of dollars
Net income
Compensation of
employees
Thousands
of employees
property,
plant, and
equipment
U.S. exports
of goods
shipped by
affiliates
U.S. imports
of goods
shipped to
affiliates
358,085
1,667,619
24,379
220,637
5,105.0
2,681,746
825,695
140,886
268,673
33,007
23,099
157,991
6,661
4,105
2,556
113.3
68.0
45.2
117,331
74,938
83,053
5,401
3,615
1,787
70,570
46,760
120,776
90,092
30,685
9,954
2,666
7,288
22,332
14,398
7,935
166,558
586,995
8,096
110,587
2,291.5
612,183
303,917
62,297
Food and kindred products ....
Beverages
Other..
12,579
2,592
9,987
53,992
7,888
46,104
3,425
3,426
-1
7,182
1,126
6,056
214.0
22.3
191.8
63,070
21,343
41,727
22,826
3,733
19,093
3,066
296
2,770
3,452
868
2,584
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
43,771
17,508
16,051
5,575
4,638
140,220
52,392
49,679
21,039
17,111
878
-2,188
1,754
583
730
25,624
8,894
421.1
151.0
153.2
67.4
49.5
187,468
10,485
3,447
2,798
79,440
20,539
18,392
96,214
53,112
25,396
8,177
9,530
14,813
7,522
4,336
988
1,967
15,001
5,732
6,538
552
2,179
Primary and fabricated metals .
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products ...
18,302
9,204
5,405
3,798
39,278
21,357
17,921
29,410
1,411
990
420
570
421
12,335
5,588
3,347
2,241
6,747
248.3
101.4
53.8
47.5
147.0
65,232
33,644
21,178
12,467
31,588
38,258
25,056
17,083
7,974
13,202
4,792
2,493
849
1,644
2,299
8,379
5,431
2,884
2,547
2,948
Machinery
Industrial machinery and equipment
Computer and office equipment
Other
Electronic and other electric equipment
Audio, video, and communications equipment.
Electronic components and accessories
34,513
14,578
1,178
13,400
19,934
6,521
3,075
10,339
135,087
60,478
15,360
45,119
74,609
26,796
11,531
36,282
-573
-254
-1,175
921
-320
247
-285
-281
27,108
11,583
1,781
9,802
15,525
4,686
2,166
8,673
557.9
246.4
37.2
209.2
311.5
92.2
48.9
170.4
103,224
43,802
8,679
35,122
59,422
17,663
12,008
29,751
45,030
17,069
2,137
14,933
27,961
6,961
7,132
13,868
22,687
8,872
1,313
7,558
13,815
6,424
1,890
5,501
31,227
13,575
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing ....
Newspapers
Other„..
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
57,393
3,769
1,121
5,893
9,260
328
8,932
4,904
2,829
9,822
9,374
7,058
2,316
6,536
10,236
4,756
17,397
23,278
713
22,565
13,873
9,453
25,711
58,672
51,592
7,080
17,197
8,434
2,954
98
535
373
19
35
-17
100
222
597
187
-99
285
576
249
38,337
2,633
731
3,480
6,650
250
6,400
3,720
1,761
6,008
7,249
5,516
1,733
4,735
1,371
850.0
86.5
24.3
64.7
137.8
9.3
128.5
77.4
46.3
193,189
8,912
6,898
19,205
41,335
16,939
577
318
12,
9,671
30,669
38,225
30,116
8,109
18,526
7,491
101,587
6,358
1,949
15,852
9,080
378
8,703
9,313
6,912
23,636
19,308
17,163
2,145
5,929
3,249
1,548
453
-993
369
189
444
-387
-69
226
1,316
24,666
490.9
63,055
4,161
3,326
1,133
5,449
2,091
2,599
1,565
654
3,688
70.9
67.8
19.4
105.7
41.1
58.0
40.9
18.2
68.7
241,873
82,595
18,705
22,020
38,018
21,691
14,881
9,594
8,720
25,648
88,942
109,409
34,417
51,570
69,844
45,043
59,015
32,420
34,763
44,378
46,591
5,527
4,094
12,432
3,475
4,629
2,473
2,169
7,552
4,240
2,001
11,171
6,129
9,604
2,895
6,652
16,180
4,185
305
13
940
-69
•^580
15,290
390
8,362
1,458
5,080
811.0
22.8
443.7
83.5
261.1
52,271
2,170
27,239
5,698
17,165
32,520
762
21,059
3,446
7,253
2,036
2,108
61,350
8,906
24,161
19
1,983
2,231
1,049
8,256
49.0
709,163
6,448
13
21
90,784
5,667
9,241
153.1
579,539
28,761
0
Manufacturing
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies ..
Metals and minerals, except petroleum
clGCtriCdl QOOGS
•
*
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Finance, except depository institutions .
41,714
9,697
4,003
2,151
8,503
3,505
3,285
2,073
1,083
7,416
24,770
641
14,661
2,446
7,022
6,277
11,414
Real estate
Services
Hotels and other lodging places .
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services .
Health services
Other services
Other Industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
,
Transportation
Communication and public utilities ,
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
D
NOTE.—Estimates for 1996 are revised.
96,525
125.6
156.6
115.7
40.9
100.1
30.9
1,775
538
0
538
1,513
568
961
5,625
4,674
950
3,228
1,837
6,101
15,470
-1,722
1,064
26.0
103,155
92,203
14
26,230
64,036
6,828
1,188
1,992
1,231
2,393
1,629
681.1
118.6
310.2
39.9
270.3
40.2
31.6
23.2
87.9
69.5
110,951
31,729
30,556
11,258
19,299
19,001
3,420
5,311
8,832
12,102
729
9,363
24,352
8,736
15,616
7,621
6,457
4,285
6,145
5,813
20,769
2,640
55,643
4,928
10,882
2,682
8,201
1,715
2,143
1,390
2,802
2,371
-1,787
-289
-1,235
-1,033
-203
140
-2
-29
-320
-52
26,838
11,818
3,853
7,965
3,527
1,012
2,318
2,640
7,489
355
46
41
165
26
42,014
779
5,475
1,828
3,647
3,552
13,524
18,685
116,518
2,343
12,035
3,740
8,294
19,485
35,182
47,474
5,822
-8
703
127
576
-315
1,319
4,123
24,105
525
2,660
946
1,714
3,435
10,328
7,157
489.1
16.4
41.7
13.2
28.5
70.1
223.7
137.3
155280
5,284
28,508
5,412
23,096
11,970
31,771
77,747
96,485
4,019
23,792
6,533
17,258
4,940
12,659
51,076
17,652
8,134
3,341
6,178
156,350
47,803
15,724
10,977
39,605
14,260
7,206
5,797
2,942
12,037
4,058
155
342
1,330
1,130
748
502
246
St
17
2,789
439
2,121
(D)
143
327
2
324
81
113
229
45
46
SURVEY OF CURRENT BUSINESS
• August 1999
Table 22.2.-£elected Data of Nonbank U.S. Affiliates by SIC-Based Industry of Affiliate, 1997
Millions of dollars
Gross
product
Sales
Millions of dollars
Net income
Compensation of
employees
Thousands
of employees
Total assets
Gross
property,
plant, and
equipment
U.S. exports
of goods
s
U.S. imports
of goods
«°
»
384,883
1,717,240
42,547
230,337
5,164.3
3,034,404
866,197
140,924
261,482
35,220
23,449
11,772
157,770
67,323
90,447
6,527
4,464
2,063
6,730
4,270
2,460
105.0
58.9
46.1
123,753
71,444
52,309
118,095
83,963
34,132
7,797
3,045
4,752
19,547
11,579
7,969
172,409
623,313
14,268
112,578
2,271.0
648,564
317,297
67,719
88,085
14,166
3,377
10,789
54,985
8,920
46,065
675
536
140
7,700
1,334
6,366
172.4
22.2
150.2
66,600
23,440
43,159
23,273
4,069
19,204
2,985
3,482
394
959
2,591
2,523
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
41,197
14,867
16,110
4,735
5,485
143,236
53,234
49,425
19,992
20,585
4,359
1,290
1,311
1,126
25,277
8,308
10,608
3,172
3,189
393.1
132.4
143.5
56.8
60.4
191,541
65,798
76,959
20,759
28,025
94,052
49,164
24,766
7,366
12,755
15,492
7,994
4,056
16,346
5,739
7,725
890
495
2,551
2,387
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
17,751
9,255
5,422
3,833
8,496
69,527
41,990
22,903
19,087
27,536
2,074
11,622
5,701
3,384
2,317
5,921
236.5
101.7
56.6
45.1
134.8
70,431
35,578
22,695
12,883
34,852
40,370
27,828
18,914
8,914
12,543
5,162
3,415
1,047
2,367
1,747
8,814
6,594
3,416
3,178
2,220
Machinery
Industrial machinery and equipment
Computer and office equipment
Other
Electronic and other electric equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
38,233
16,915
15,955
21,318
6,392
5,537
9,389
154,085
69,299
15,665
53,634
84,786
28,557
24,169
32,060
28,876
12,944
1,653
11,291
15,932
4,491
4,021
7,420
606.5
283.2
33.5
249.6
323.4
85.8
76.6
161.0
122,759
53,347
8,583
44,764
69,412
21,507
19,446
28,459
51,273
20,049
2,080
17,969
31,224
7,189
11,942
12,093
26,038
10,822
1,525
9,297
15,216
6,082
4,121
5,013
32,954
11,486
2,760
8,726
21,467
8,367
9,522
3,578
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
61,061
3,483
1,010
5,106
9,753
201,480
9,674
4,290
16,600
26,836
39,103
2,417
862.4
78.2
22.8
61.3
141.0
197,233
8,606
2,786
19,095
41,903
108,330
5,968
1,562
16,134
9,598
18,042
26,490
9.7
P)
P)
All industries
Petroleum
Petroleum arid coal products manufacturing
Other
Manufacturing
Food and kindred products
D6V6roLQGS
Other..
382
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
ciGCtriCcU QOOuS i
,....««.......«*••..
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Insurance
Real estate
\o6^^^ZZZZ^Z~~Z
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
OtnGr InQUStnGS
•
• ..........
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
D
NOTE.—Estimates for 1997 are preliminary.
781
938
475
463
1,136
1,465
157
-1,332
1,489
1,308
517
264
526
5,695
227
148
131
183
98
85
289
-26
681
3,350
7,004
277
180
643
185
6,727
4,009
1,614
6,535
7,421
5,808
1,613
4,698
1,374
131.3
84.7
42.8
133.2
178.0
139.0
39.0
90.3
30.3
449,847
117,028
31,219
37,709
66,871
23,653
38,208
43,931
34,067
57,162
3,439
1,549
-624
25,829
4,765
3,367
1,889
3,921
522.5
88.1
70.4
16.4
103.2
37.7
56.5
53.5
21.2
75.5
102,531
1,213
17,281
9,371
5,576
2,547
12,067
11,273
9,054
2,219
6,483
3,763
26,055
15,455
9,436
28,876
63,964
56,814
7,149
17,586
8,763
45,776
11,841
4,268
1,848
8,216
3,205
3,713
2,882
1,517
8,287
28,313
178
Finance, except depository institutions
Hotels andi other
960
632
807
2,226
1,690
1,510
343
238
182
-461
78
244
-15
964
5,536
2,019
2,638
1,882
736
131
839.2
7.0
417
525
296
742
306
1,719
1,082
918
0
918
501
1,677
2,696
892
950
952
/D]
PI
12,573
9,383
34,369
43,027
36,827
6,199
17,888
7,604
9,181
10,394
6,602
26,686
22,034
20,123
1,911
6,055
3,297
6,463
5,211
1,252
2,904
1,698
266,063
91,878
20,728
18,004
43,061
17,072
16,589
15,092
10,679
32,961
95,565
50,604
7,023
3,495
12,121
2,946
4,615
3,346
2,434
8,982
59,050
4,708
2,112
6,135
6,056
5,963
4,083
9,210
13,866
6,917
148,214
49,479
14,392
8,908
31,919
7,541
12,223
7,470
2,831
13,450
34,558
1,952
3,679
319
14
38
23
54,723
605
1,619
16,140
15,449
692
1,569
883
8
8
44
9,878
1,467
5,805
476.7
79.3
276.1
28,733
6,025
19,359
23,116
3,750
7,373
1,878
1,191
2,022
74,409
4,124
10,317
60.3
847,626
7,923
(D)
(D)
16,629
102,180
9,071
11,065
165.0
704,133
30,248
0
0
7,318
16,857
35
1,141
24.7
104,334
88,473
(D)
29,278
4,962
14,123
4,038
10,084
1,671
1,296
1,546
3,716
1,965
66,435
8,750
27,695
10,048
17,647
8,324
3,985
4,606
7,875
5,199
159
478
682.9
113.5
312.1
41.7
270.5
39.5
20.9
27.9
104.1
64.8
113,797
28,207
33,060
13,188
19,872
19,561
2,606
5,408
12,531
12,424
56,367
26,171
13,076
4,011
9,064
3,759
-256
-125
22,610
2,536
11,965
3,227
8,738
1,261
1,166
1,260
2,885
1,537
40,270
123,898
2,361
12,634
5,229
7,405
21,167
33,095
54,641
3,712
22,786
493.7
13.8
43.1
18.5
24.6
71.9
199.4
165.5
171,411
4,765
31,427
9,651
21,776
11,787
30,197
93,235
117,671
2,990
26,899
10,762
16,136
4,942
20,938
61,903
17,776
2,469
7,890
67,952
8,846
24,926
1,176
9,669
732
5,952
2,474
3,478
3,955
11,499
18,132
-222
-351
129
107
36
140
165
508
279
229
-341
1,301
2,079
435
2,787
1,280
1,507
3,704
8,047
7,814
840
2,111
3,566
6,843
622
n
n
216
A
146
33
(D)
26
3,702
263
3,075
667
2,408
201
154
9
2
(D)
5
507
428
80
?(P )
53
934
102
205
2
203
40
377
209
SURVEY OF CURRENT BUSINESS
August 1999
•
47
Table 22.3.-Selected Data of Nonbank U.S. Affiliates by NAICS-Based Industry of Affiliate, 1997
Millions of dollars
Millions of dollars
Gross
product
Sales
Net income
Compensationof
employees
Gross property, plant, and
equipment
Thousands
of
employees
Of which:
Total
Commercial
property
Expenditures for
new plant
and
equipment
Research
and
development
funded by
U.S. exports U.S. imports
of goods
of goods
shipped by
shipped to
affiliates
affiliates
1,717,240
42,547
230,337
5,164.3
3,034,404
866,197
172,177
100,756
19,690
140,924
261,482
188,477
667,576
18,826
111,373
2,227.0
680,260
394,613
16,975
38,417
15,655
70,053
99,304
Food
Beverages and tobacco products
Textiles, apparel, and leather products .
Wood products
Paper
Printing and related support activities ...
Petroleum and coal products
10,953
5,907
3,479
580
5,048
2,803
23,421
47,082
13,258
9,802
2,059
16,607
6,580
183
605
207
81
1,422
566
455
98
941
385
5,163
253
66
54
5
95
27
285
2,620
1,604
536
216
1,746
163
3,044
2,675
71,235
19,645
5,652
5,995
1,130
16,155
4,092
83,718
1,615
311
452
31
67,117
152.7
31.2
79.1
10.6
61.6
42.6
58.8
43,894
27,202
8,739
1,645
4,463
6,438
1,849
2,435
374
3,353
1,993
4,262
Chemicals
Basic chemicals
Resins and synthetic rubber, fibers, and filaments ..
Pharmaceuticals and medicines
Soap, cleaning compounds, and toilet preparations .
Other
40,906
9,285
5,008
16,094
4,735
5,784
141,744
33,259
17,829
49,416
19,992
21,248
4,280
549
671
1,297
1,126
637
25,114
5,023
2,908
10,608
3,172
3,405
389.4
74.3
49.6
143.5
56.8
65.3
190,326
40,525
23,129
76,997
20,759
28,915
93,245
33,768
13,995
24,758
7,366
13,358
9,719
3,717
1,224
2,646
743
1,388
7,287
628
386
5,686
306
282
15,259
4,815
2,806
4,056
16,019
3,647
1,732
7,725
495
2,419
Plastics and rubber products ...
Nonmetallic mineral products ...
Primary and fabricated metals .
Primary metals
Fabricated metal products ...
7,991
12,044
16,510
8,600
7,910
24,372
28,795
65,075
39,429
25,646
260
2225
1,744
788
956
5,522
6,516
10,805
5,441
5,364
124.3
132.8
219.4
95.6
123.8
21,596
34,327
67,516
33,853
33,663
601
544
335
209
1,532
2,905
4,622
3,388
1,234
316
217
39,857
26,619
13,237
2,518
942
5,133
3,410
1,723
3,622
1,612
8,329
6,553
1,776
Machinery
Agriculture, construction, and mining machinery .
Industrial machinery
Other
16,607
4,166
1,665
10,776
56,680
16,677
5,697
34,306
1,390
319
66
1,005
12,115
3,006
1,259
7,850
260.8
61.7
23.9
175.2
47,246
14,098
4,831
28,317
17,874
3,785
1,975
12,114
389
83
87
220
1,842
367
200
1,275
161
116
715
10,357
2,438
1,351
6,568
8,267
4,214
871
3,183
Computers and electronic products
Computers and peripheral equipment
Communications equipment
Audio and video equipment
Semiconductors and other electronic components .
Navigational, measuring, and other instruments
Magnetic and optical media
15,658
1,022
5,889
1,054
4,512
2,542
73,413
16,490
24,601
6,538
17,668
6,471
1,645
-257
-1,387
623
-149
314
241
101
12,126
1,707
4,013
810
3,288
1,905
403
239.6
35.7
75.7
16.3
64.9
35.8
11.2
53,182
9,573
16,150
3,047
15,888
6,995
1,529
23,654
2,411
6,031
1,737
9,975
2,346
1,154
565
127
80
2
156
130
3,960
274
854
248
2,025
239
321
3,743
250
1,989
233
633
614
24
13,092
1,615
4,506
20,612
2,884
Electrical equipment, appliances, and components
Transportation equipment
Motor vehicles, bodies and trailers, and parts
Other
Furniture and related products
Miscellaneous manufacturing
7,537
13,554
11,372
631
2,060
1,883
176
109
5,776
8,942
7,349
1,593
446
3,307
129.5
207.9
170.0
37.9
16.4
70.2
22,574
49,211
43,040
6,170
1,469
13,007
9,851
24,902
22,912
1,990
560
4,782
164
945
866
79
33
D
)
1,073
3,137
2,924
213
85
511
810
3,430
7,631
6,508
1,123
105
1,659
3,421
18,203
17,507
4,824
26,203
72,607
65,706
6,901
2,658
13,525
Wholesale trade
Motor vehicles and motor vehicle parts and supplies ..
Professional and commercial equipment and supplies .
Electrical goods
Other durable goods
Petroleum and petroleum products
Other nondurable goods
51,856
11,879
4,245
8,126
8,843
6,082
12,681
530,141
117,195
31,133
65,714
92,363
88,745
134,992
26,918
1,543
-626
142
106
520
2,205
4,780
3,351
5,575
5,602
1,061
6,549
538.5
88.0
70.1
102.9
111.3
16.0
104,670
50,610
7,000
12,122
11,051
9,144
14,743
8,798
3,281
327
1,671
1,564
409
1,545
25,410
17,721
2,025
1,942
1,163
643
1,917
29,924
155,716
49,491
14,338
32,041
27,695
8,436
23,716
Retail trade
Food and beverage stores
Other
25,009
96,624
67,720
28,905
1,197
1,163
34
14,405
9,851
4,555
688.7
475.0
213.7
49,802
28,694
21,108
32,067
23,078
17,191
13,249
3,942
3,861
2,677
1,184
11
467
1,589
325
375
217
90
27
555
63,231
4,714
2,096
6,089
14,003
6,405
150.3
293,144
92,007
20,702
42,617
48,176
31,061
58,581
1,951
13
1,938
3,973
364
3,609
Infonnstion
«.
Publishing industries
Motion picture and sound recording industries
Broadcasting and telecommunications
Broadcasting, cable networks, and program distribution .
Telecommunications
Information services and data processing services
27,120
80,845
18,866
14,207
45,013
9,869
35,144
2,759
2,445
338
28
2,004
-320
2,324
75
14,836
5,012
2,119
7,027
948
6,080
678
293.4
144,497
35,384
26,945
24,175
55,725
2,269
64,471
4,804
5,548
52,958
3,501
49,457
1,161
3,045
299
1,836
832
743
88
78
9,623
689
431
8,350
595
7,754
154
Finance (except
Finance, except. _,
Insurance carriers and
26,331
9,703
16,628
175,822
73,654
102,168
11,220
2,153
9,067
21,174
10,111
11,064
219.8
54.8
165.0
1,534,492
830,670
703,822
37,435
7,187
30,248
10,560
1,449
9,112
5,779
1,270
4,509
Real estate and rental and leasing
Real estate
Rental and leasing (except real estate)
9,084
7,290
1,795
20,813
16,408
4,404
204
36
167
1,867
1,134
734
47.0
25.1
21.8
116,679
103,890
12,789
94,233
88,064
80,903
80,504
400
5,057
4,282
775
Professional, scientific, and technical services
Architectural, engineering, and related services
Computer systems design and related services
Management, scientific, and technical consulting
Other
5,981
1,358
2,456
15,972
4,142
4,815
574
6,441
-570
-10
-629
109
-41
5,783
1,249
1,934
284
2,316
82.6
23.2
24.5
3.3
31.7
17,299
2,939
5,140
1,332
7,887
4,323
929
1,640
106
1,648
771
380
230
11
150
521
80
250
8
182
51,025
730
9,826
1,445
4,358
11,999
-364
8,993
3,714
8,577
4,961
3,616
1,746
129,448
2,358
19,563
8,081
23,882
31,676
110
15,562
7,872
15,711
8,755
6,956
4,632
5,337
164
1,446
74
-281
1,629
1,943
33,979
432
4,002
487
3,998
1,067.3
143
408
12,088
374
3,832
7,560
74
7,655
2,885
5,495
2,533
2,963
1,390
185.5
113.4
198,229
4,779
49,123
10,821
13,941
34,484
14,112
12,918
12,529
33,761
28,290
157.0
62.4
5,471
11,761
134,387
3,009
42,367
8,133
6,426
29,225
321
5,701
3,571
29,173
26,207
2,967
All industries .
Manufacturing .
2,182
654
17,720
7,290
institutions) and insurance.
institutions
Other industries
Agriculture, forestry, fishing, and hunting
Mining
Utilities
Construction
Transportation and warehousing
Management of nonbank companies and enterprises
Administration, support, and waste management
Health care and social assistance
Accommodation and food services
Accommodation
Food services and drinking places
Miscellaneous services
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
D
NOTE.—Estimates for 1997 are preliminary.
7,348
2,542
16,153
1,421
14,733
1,076
1,756
411
276
-258
492
480
12
-148
95.7
43.8
142.7
22.2
120.5
11.2
13.8
65.2
8.7
76.9
1.2
279.1
104.2
270.4
19,154
7,938
4,829
5,415
Q
1,383
16,833
D
1,483
134
874
«J3J3
21,222
1,219
3,629
2,856
27
1,001
412
1,495
1,090
405
A
(D)
1,454
421
620
20
250
1
349
58
210
10
17
24
1
1,138
776
253
1,062
419
11,576
6,548
4,201
2$
'•$
6,361
513
105
1,252
374
256
567
fl
1,255
102
458
133
40
401
0
n
5
0
n
48
• August 1999
SURVEY OF CURRENT BUSINESS
Table 23.1.-Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1996
Millions of dollars
Gross
product
Sales
Net
income
Millions of dollars
Compensation
of
employees
Thousands of
employees
Gross property,
plant, and
equipment
Total
assets
Of which:
Total
Commercial
property
Expenditures for
new plant
and
equipment
Research
and
development
funded
affiliates
U.S.
exports
of goods
shipped
by
affiliates
U.S.
imports
of goods
shipped
to
affiliates
268,673
358,085
1,667,619
24,379
220,637
5,105.0
2,681,746
825,695
167,577
90,582
17,984
140,886
Canada
32,550
130,222
6,333
20,932
608.9
270,605
76,344
18,582
6,723
1,479
5,920
16,287
Europe
229,286
917,301
17,908
143,408
3,196.6
1,548,650
455,939
67,148
46,135
12,910
64,347
90,106
384
4,661
2,079
1,688
34,227
2,493
19,755
4,961
10,436
132,435
439
650
527
1,438
-123
-132
3,899
Italy
42,929
2,527
3,106
176,901
8,317
15,474
Liechtenstein
Luxembourg
Netherlands
153
595
1,582
30,078
6,565
114,900
1,452
182
8,943
2,184
29,046
97,937
284,085
2,274
12,955
53,844
8,408
303
36,922
4,349
9,376
2,292
19,374
1,531
4,547
16,922
All countries
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Norway
Spain
.
Sweden
Switzerland
United Kingdom
Other
.
.
.
.
.
551
6,409
20,677
76,602
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
328
1,862
826
.....
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
5,089
246
746
2,403
1,319
11,282
2,983
1,756
552
26
155
10,876
10,016
Africa
soutri'Affica""!."!!;;!!!!;!!;;.""!;!!!!!!!!!!";!;;".!!!!!!"!!;!;!;
Other
2,555
2,011
544
860
Middle East
Israel
Kuwait
Lebanon .
..
Saudi Arabia
United Arab Emirates
Other
6,387
24,882
2,672
1,581
Asia and Pacific
Australia
China
Hong Kong
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
United States
Addenda:
European Union (15) !
OPEC 2
485
756
221
15,012
159
346
3,467
140
-71
-31
24
2,826
73
-23
327
592
7.0
5,285
16,454
4,419
6,971
283,054
583
69
62
103.3
71.7
26.0
420.2
11,549
2,002
2,559
76,880
2,149
1,469
116
160
240
274
7
81
110
115
13,409
7,382
1,792
1,167
17,838
1,685
13,123
28,897
1,557
2,224
626.3
37.6
52.7
256,995
10,164
21,266
84,870
5,311
5,812
14,537
10,896
3,107
12,785
30,237
134
2.5
714
529
1,341
16,038
27.8
393.2
7,231
183,056
2,484
74,610
161
542
307
916
286
544
19
791
11,856
5,858
55
139
2
22
964
19.0
2,712
2,039
8,666
30,702
143,905
374
235
213
218
1,119
3,299
17,401
1,145
3,301
13,313
726
497
124
68
9
375
560
747
331
258
1,239
3,368
45
223
176
649
4,719
9,266
615
155
914
332
3,826
6,468
13,137
5,058
7,960
13,573
375
8.2
6,313
87.1
321.4
988.2
-53
187
4.5
5,157
6,044
36,204
278,867
424,763
2,004
12
183
760
247
6,493
146.6
60,840
27,323
5,744
2,863
395
5,772
10,589
72.9
41,414
10,782
10,991
3,879
12,702
3,060
16,554
1,012
3,524
1,575
9,313
1,130
1,723
1,700
152
715
335
318
202
128
341
63
91
(*)
67
(D)
(D)
2,992
1,185
9,678
1,216
2,573
19,426
1,438
10,193
3,784
3,740
10,769
4,021
1,164
934
432
5,466
2,580
1,656
2,000
47
581
279
252
4
1,105
-20
168
3,415
296
5.0
-667
1,423
-18
378
20
740
834
123
38.3
12.9
13.0
267
-M
3,078
180
6.8
-177
1,534
462
30
-6
998
345
21
40.4
16.5
674
631
43
1,250
1,098
152
2.2
-14
-56
311
1
29
-2
2,430
92.6
508
126
123
901
45
727
9.9
4.7
3.1
1,222
4,766
-298
510,731
24,352
1,929
7,082
-3,448
220
-32
3.7
73.8
9.4
.7
22.8
20.6
27.4
1.1
46.4
43,936
3,508
994.7
79.6
125
2.2
B
1,075
91
271
133
11,315
8,261
3,053
8,932
29,612
3,074
7,435
21,947
15,696
1,096
897
132
8
85
(D)
96
s
3,367
2,684
0
872
506
302
127
304
2,780
18
182
2
n
|Dj
4
615
552
63
515
(D)
127
120
625
366
42
68
108
35
6
5,654
62,796
1,375
144,263
1,575
950
984
473
12,294
1,999
3,859
8,798
2,180
2,282
5,375
1,827
1,582
648,351
46,542
1,028
8,179
214,540
17,292
59,030
3,620
29,118
1,551
556
79
75
13
5
0
6,307
44
47
530
910
6
578
88
83
5
85
110
41
364
170
326
6,805
3
/D\
/D\
291
5,068
n1
5
0
1
2,925
ri
748
25
D
n
39
n
(D)
67
125
1,641
54,490
3,978
126,424
10,801
11
109
37
337
53
(D)
143
888
-45
124
5.4
791
423
209
76
442
42
58,069
437,069
24,111
1,457
1,594
-1,255
-1,505
35,952
1,106
788.8
25.0
171,936
5,170
45,853
24,482
2,166
-36
-47
13
9.6
6.3
.7
7.8
557,640
14,088
1,907
759
451
21
81
559
16
2
40
12
1,019
120
291
1,559
644
415
263
39
261
-153
1,033
40.2
5,964
4,104
745
277
889
267
175
4,061
11,434
1,658
2,712
7,955
1,199
2,161
7.7
859
832
753
64
16
7
611
997
76
s
n
32
2,012
8,950
1,159
-327
181
-187
335
253
18
347
916
218
5,161
19,763
2,679
2,188
42.7
112,373
20,669
n
n
60
811
1,259
206,870
10230
808,023
37,783
17,307
124,788
2,154
2,850.3
52.7
1,262,420
37,855
421,624
31,381
62,950
14,095
42,530
2,057
9.460
57,036
14
614
80,325
9,943
1,639
128
-94
773
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. The European Union (15) comprises Austria, Belgium, Denmark, Finland, France, Germany,
Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and the United Kingdom.
D
316
2,299
1,715
1,397
20,868
4,275
17,243
43,436
69,190
5,758
220
'.
506
3,545
12
669
21.4
8
2115
2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Indonesia, Iran, Iraq, Kuwait, Ubya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
NOTE.-Estimates for 1996 are revised.
SURVEY OF CURRENT BUSINESS
August 1999 •
Table 23.2.-Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1997
Millions of dollars
Net
income
product
Millions of dollars
Compensation of
employ-
Thousands of
employees
Gross property,
plant, and
equipment
Of
which:
Total
Total
Commercial
property
Expenditures for
new
equipment
Research
and
development
funded
by
affiliates
U.S.
exports
of goods
us.
imports
of goods
shipped
to
1,717,240
42,547
230,337
5,164.3
3,034,404
866,197
Canada
34,464
139,409
3,693
21,730
601.6
309,080
82,306
7,763
7,787
14,356
Europe
245,919
940,672
31,107
149,268
3,213.9
1,809,319
469,590
50,225
62,392
94,512
2,378
23,298
4,513
9,674
135,414
45
736
96
230
2,959
289
5.9
712
12,439
2,082
2,397
77,324
451
475
121.2
18.7
25.3
411.2
5,400
18,452
4,414
6,947
322,270
84
2,992
526
15,607
1,426
313
303
7,376
1,625
688
1,879
12,936
5,071
86
166
-2
30,510
302,740
11,187
20,002
648
17,217
90,168
5,526
5,828
411
1,847
76,824
15,114
227
516
237
946
11,539
13,571
410
623
36
142
7,083
13,973
337
5,508
657.6
39.4
48.8
2.7
13.4
391.4
57
1,335
298
33.9
4,546
20,729
97.6
352.1
3,440
1,184
10,179
30,247
148,335
646
494
255
1,153
7,572
4,422
43,501
1,269
3,775
15,982
457
374
198
1,159
3,031
14,049
46
805
66
3,449
6,233
14,543
52
5,308
All countries
Austria
Belgium
Denmark
Finland
France
5,598
1,194
1,917
35,863
46,171
2,544
3,167
201
866
1,310
21,785
Liechtenstein
Luxembourg
Netherlands
617
33,750
194,492
9,585
15,995
743
4,229
124,109
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
1,858
338
7,896
25,637
78,550
219
11,873
1,800
31,401
110,077
258,845
2,246
2,986
12,119
-4
42,768
166
983.2
3.5
454,081
1,782
Germany
Ireland
.....
Italy
1,688
2,078
160
529
8.1
5,973
260,034
172,177
103
2,202
111
67
100,756
19,690
140,924
642
1,083
14,032
1,361
62
183
4,592
261,482
32,032
336
3,354
202
683
10,191
1,305
363
5,294
7,127
15,363
13,545
53,469
2,522
6,455
168.1
59,833
4,947
2,261
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
7,896
312
1,347
696
5,247
294
33,856
3,999
8,145
2,284
17,879
1,549
1,956
237
2,839
57.6
4.5
26.7
12.9
9.8
3.7
38,098
10,217
8,678
3,770
12,204
3,229
15,768
1,134
2,358
1,221
9,916
1,139
1,143
212
464
130
223
113
1,033
130
256
72
466
110
2,579
270
Other Western Hemisphere
Bahamas
,
.....
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
.!..
5,649
301
19,613
(D)
12,631
110.6
7.9
77.9
J
I
.5
21,735
1,398
12,403
10,893
1,227
1,339
3,946
2,585
1,108
(D)
3,804
608
2,169
(D)
1,328
1,172
155
22.4
20.3
2.1
11,969
8,185
3,783
2,543
425
112
111
896
47
952
92.7
28,841
3,094
6,633
965
11,811
2,092
4,245
Latin America and Other Western Her
Africa
South Africa
Other
Israel
I""Z"""ZZZ"!ZZ
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hong Kong
Indonesia
japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
...
,
.
...
717
732
120
566
A
2,843
2,208
635
11,222
10,278
944
7,295
417
868
193
4,263
156
1,398
25,246
73,667
5,207
238
523,479
1,474
(D)
62,345
655
420
2,509
1,299
508
14,771
404
5,755
26,132
1,868
6,265
1,362
446,422
262
64
1,151
-1
577
12
655
1
-93
918
-101
36
-32
3
2,701
2,231
45,967
3,423
109
879
37$
945
327
(D)
18
540
9.3
4.4
3.1
25.9
1.6
48.4
1,012.6
80.1
1.6
34.5
812.4
18.4
3,923
66
55,514
1,152
7,656
1,045
1,092
188
9.4
I
.7
9.2
25.5
5.0
582,570
15,153
2,023
1,172
206
6,403
12,837
1,514
2,829
3,046
52.9
128,117
28,073
1,934
126,918
2,156
2,822.3
52.5
1,459,846
37,166
21,755
1,425
2,040
105
4,381
10,755
-1,130
54
-70
50
7,151
23,742
218,084
11,477
816,350
36,399
-281
-222
-91
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. The European Union (15) comprises Austria, Belgium, Denmark, Finland, France, Germany,
Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, IndoD
3,616
228
64
1,717
217
United States
Addenda:
European Union (15)'
OPEC 2
3,295
1,300
9,489
B
5,383
936
8,369
2,266
2,430
234,502
19,429
501
5,703
539
185,085
5,520
1,077
850
144
5,638
8,868
1,150
261
373
4
634
559
75
181
91
90
13,386
279
5,205
505
3,982
1,894
1,522
1,379
119
87
41
478
354
5,534
61,483
4,169
13
34,223
1,515
66
294
51
135,739
1,501
126
1,345
30
120,357
9,156
3,950
108
48,152
495
517
2,416
852
742
112
29,032
1,555
145
48
10
213
1,194
100
2,106
84
1,252
435,185
30,751
9,622
8,284
1,211
64,204
11,477
46,763
1,856
10,176
1,058
1,084
55,241
85,261
8,389
nesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
NOTES.—Size ranges are given in employment cells that are suppressed. The size ranges are:
A - 1 to 499; R-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999; J—10,000
to 24,999; K-25,000 to 49,999; L—50,000 to 99,999; M-100,000 or more.
Estimates for 1997 are preliminary.
49
50
• August 1999
SURVEY OF CURRENT BUSINESS
Table 24.1.—Gross Product of Nonbank U.S. Affiliates, SIC-Based Industry of Affiliate by Country of Ultimate Beneficial Owner, 1996
[Millions of dollars]
Europe
All
countries
Of which:
Canada
Total
France
Germany
Nether-
Switzerland
United
Kingdom
Latin
America
and
Other
Western
Hemisphere
20,677
Asia and Pacific
Africa
Middle
East
Of which:
Australia
358,085
32,550
229,286
34,227
42,929
33,007
23,099
9,908
1,945
,945
20,750
18,587
2,163
1,518
51
231
63
-12
(D)
(D)
166,558
15,836
114,717
16,056
25,275
14,162
Food and kindred products
Beverages
Other
12,579
2,592
9,987
1,963
8,724
1,054
7,670
133
20
113
2,514
27
Chemicals and allied products
Industrial chemicals and synthetics
QnjgS
Soap, cleaners, and toilet goods
Other
43,771
17,508
16,051
5,575
4,638
423
36
17
39,458
14,946
15,475
4,916
4,121
10,880
4,414
4,303
1,548
615
9,038
2,967
1,309
1,658
6,071
2,428
857
251
605
1,571
23,302
10,687
535
10,152
12,615
2,874
1,003
8,738
6,486
3,071
260
2,811
3,415
-Q.
Q.
34,196
2,069
534
IS
1,815
145
65
801
0
59
32
26
545
604
2,418
128
0
5
548
(D)
82
317
208
5,930
1,024
3,193
563
345
115
505
127
17
12
1,053
45
50
15
247
89
(D)
31
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
'.
18,302
9,204
5,405
3,798
8
s
8
2,591
1,240
288
952
1,351
Machinery
Industrial machinery and equipment
Computer and office equipment
Other
Electronic and other electric equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
34,513
14,578
1,178
13,400
19,934
6,521
3,075
10,339
3,746
390
36
354
3,356
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
57,393
3,769
1,121
5,893
9,260
328
8,932
4,904
2,829
9,822
9,374
7,058
2,316
6,536
3,885
7,113
485
205
886
4,415
a
520
78
365
340
25
36
90
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
41,714
9,697
4,003
2,151
8,503
3,505
3285
2,073
1,083
7,416
2,103
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
24,770
641
14,661
2,446
7,022
2,481
Finance, except depository institutions
16,916
371
i
6,277
1,492
677
2,645
1,033
588
4,885
6,201
19
64
6,101
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
D
NOTE.—Estimates for 1996 are revised.
26,230
2,923
4,928
10,882
2,682
8,201
1,715
2,143
1,390
2,802
2,371
62
448
336
112
42,014
779
5,475
1,828
3,647
3,552
13,524
18,685
a
1,261
143
449
1,801
16,872
588
11,756
890
3,638
6,617
0
2,973
191
8
5,161
121
156
30
92
24,821
1,209
1,367
407
3,460
2522
433
149
356
9
3,393
1,958
79
79
2,652
1,196
138
1,059
1,456
7,049
3,163
483
2,680
3,886
124
116
46
71
8
4
2
2
3
14
£
13,027
606
287
576
1,575
0
9
0
24
0
0
0
0
0
0
0
(D
5
0
0
-2
7
950
3,405
20,908
5,899
2,472
183
903
7,604
0
11
27
2
2
0
140
n
1,874
115
426
223
1,391
3,509
1,191
5
8
1,186
P)
2,691
546
191
15,773
1,550
8,071
1,806
6
2§5
1,941
62
496
2,979
18
32,715
750
197
0
18
1,010
17
3
0
2,104
318
3,359
1,829
1,530
2,321
10,032
16,685
58,069
385
23
691
1,762
17
1,745
42
2,122
735
5,758
5,331
4,272
3,629
642
1,059
823
Services
806
164
1,224
Real estate
69,190
1,404
6,467
11,414
6,387
Japan
2,486
510
Insurance
2,555
8
3,485
4,022
19
4,003
2,314
1,575
7,008
4,175
1,971
2,204
5,623
3,391
3,514
431
158
66
331
8
30,078
United
Total
126
5,274
2,817
1,119
539
580
125
141
434
1,276
34
3,906
1,988
805
452
353
42
141
434
22
0
21
-52
73
0
0
1
0
1,549
101
8
3,340
117
214
-18
232
860
1,006
1,144
0
504
780
August 1999 • 51
SURVEY OF CURRENT BUSINESS
Table 24.2.—Gross Product of Nonbank U.S. Affiliates, SIC-Based Industry of Affiliate by Country of Ultimate Beneficial Owner, 1997
[Millions of dollars]
Europe
All
countries
a which:
Canada
Total
France
All Industries .
Germany
Netherlands
Switzerland
United
Kingdom
Latin
America
and
Other
Western
Hemisphere
Asia and Pacific
Middle
East
Africa
34,464
245,919
46,171
25,637
7,295
35,220
23,449
11,772
1,392
16
1,376
20,766
17,854
2,912
9
131
77
54
225
0
225
3,343
172,409
16,672
116,766
15,875
25,987
14,523
Manufacturing .
33,750
8
1,096
73,667
33,326
5,207
62,345
7,151
723
680
43
128
24
104
8
2,772
27,802
75
1,078
Food and kindred products .
Beverages
Other!
14,166
3,377
10,789
9,581
1,264
8,317
107
53
55
Chemicals and allied products
Industrial chemicals and synthetics .
Drugs
Soap, cleaners, and toilet goods
Other
. „
41,197
14,867
16,110
4,735
5,485
35,482
11,919
15,456
4,202
3,905
10,704
4,233
4,103
1,801
567
657
Primary and fabricated metals .
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products ...
17,751
9,255
5,422
3,833
8,496
9,033
2,946
1,238
1,708
6,087
2,785
934
310
624
1,851
197
Machinery
Industrial machinery and equipment
Computer and office equipment
Other
Electronic and other electric equipment
Audio, video, and communications equipment .
Electronic components and accessories
Other
38,233
16,915
960
15,955
21,318
6,392
5,537
25,786
12,771
419
12,352
13,014
2,752
2,900
7,363
6,585
505
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures .
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
;
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
61,061
3,483
1,010
5,106
9,753
382
9,371
5,576
2,547
12,067
11,273
9,054
2,219
6,483
3,763
36,884
1,709
303
2,882
4,312
20
4,292
2,654
1,443
9,300
5,424
3,347
2,078
5,425
3,433
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies .
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
45,776
11,841
4,268
1,848
8,216
3,205
3,713
2,882
1,517
8,287
Retail trade
General merchandise stores ....
Food stores
Apparel and accessory stores ..
Other
28,313
178
17,776
2,469
7,890
2,587
Real estate
110
15
2
13
0
2,211
0
0
0
0
0
0
0
0
0
0
0
26
0
0
1
794
3
0
108
0
0
fi2
D
1
0
136
1,168
0
4,583
-70
5,396
16,629
1,268
7,318
1,339
11,091
2,704
18,624
1,435
10,957
3,023
7,934
821
1,041
1,078
2,759
533
Other industries
Agriculture, forestry, and fishing ....
40,270
732
5,952
2,474
3,478
3,955
11,499
18,132
30,478
8
20,391
173
14,698
937
29,278
4,962
14,123
4,038
10,084
1,671
1,296
1,546
3,716
1,965
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
NOTE.—Estimates for 1997 are preliminary.
1
19,702
4,401
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services .
Health services
Other services
"coal""""'"
Other
Construction
Transportation
Communication and public utilities .
H
17
1,382
1,800
2,600
1,343
Finance, except depository institutions .,
Insurance
United
Japan
384,883
Petroleum
Petroleum and coal products manufacturing
Of which:
Total
324
3,911
2,281
1,631
2,474
7,430
16,339
1,684
924
641
55
336
-30
366
0
193
42
0
-17
22
0
6
1,117
205
364
320
5,352
128
14
115
0
71
2
0
0
0
103
(
8
164
1,137
4
13
0
13
(D)
11
n
n
47
156
10
0
0
0
64
8
52
SURVEY OF CURRENT BUSINESS
• August 1999
Table 24.3,-Gross Product of Nonbank U.S. Affiliates, NAICS-Based Industry of Affiliate by Country of Ultimate Beneficial Owner, 1997
[Millions of dollars]
Europe
All
countries
Of which:
Canada
Total
Germany
France
All industries
Manufacturing
Switzerland
United
Kingdom
Asia and Pacific
Of which:
Middle
East
Africa
United
States
Total
Australia
Japan
384,883
34,464
245,919
35,863
46,171
33,750
25,637
78,550
13,545
2,843
7,295
73,667
5,207
62,345
7,151
188,477
13,599
130,865
15,725
25,266
17,812
14,492
42,717
2,666
1,264
4,172
33,538
3,520
27,307
2,373
1,048
8,437
3,802
1,721
137
2,838
940
17,853
412
160
327
15
11
101
24
80
27
290
17
-32
38
77
P)
o
50
2,458
14
210
9
33
0
3
8
0
0
204
56
3,447
3,418
754
7
1,042
304
P)
P)
0
1,212
430
606
6
561
93
677
3,338
1,379
10,704
2,450
9,817
1,794
P]
962
P)
P)
o
0
4 $
1,801
33
5
2
2
1
22
132
132
653
0
0
Food
Beverages and tobacco products
Textiles, apparel, and leather products
Wood products
Paper
Printing and related support activities
Petroleum and coal products
10,953
5,907
3,479
580
5,048
2,803
23,421
Chemicals
Basic chemicals
Resins and synthetic rubber, fibers, and filaments
Pharmaceuticals and medicines
Soap, cleaning compounds, and toilet preparations
Other
40,906
9,285
5,008
16,094
4,735
5,784
856
-1
63
15
P)
P)
35,406
7,268
4,283
15,440
4,202
4,213
74
Plastics and rubber products
Nonmetallic mineral products
Primary and fabricated metals
Primary metals
Fabricated metal products
7,991
12,044
16,510
8,600
7,910
552
75
1,917
1,034
883
3,952
9,284
7,860
2,428
5,432
1,565
2,739
2,150
410
1,740
Machinery
Agriculture, construction, and mining machinery
Industrial machinery
Other
16,607
4,166
1,665
10,776
376
10
17
349
13,095
3,545
1,164
8,386
Computers and electronic products
Computers and peripheral equipment
Communications equipment
Audio and video equipment
Semiconductors and other electronic components
Navigational, measuring, and other instruments
Magnetic and optical media
15,658
1,022
5,889
1,054
4,512
2,542
639
2,922
62
P)
P)
P)
Electrical equipment, appliances, and components
Transportation equipment
Motor vehicles, bodies and trailers, and parts
Other
Furniture and related products
Miscellaneous manufacturing
7,537
13,554
11,372
2,182
654
4,824
432
496
496
0
35
Wholesale trade
Motor vehicles and motor vehicle parts and supplies
Professional and commercial equipment and supplies
Electrical goods
Other durable goods
Petroleum and petroleum products
Other nondurable goods
51,856
11,879
4,245
8,126
8,843
6,082
12,681
2,621
Retail trade
Food and beverage stores
Other
.:.
25,009
17,720
7,290
1,645
Information
Publishing industries
Motion picture and sound recording industries
Broadcasting and telecommunications
Broadcasting, cable networks, and program distribution
Telecommunications
Information services and data processing services
27,120
7,348
2,542
16,153
1,421
14,733
1,076
4,334
26,331
9,703
16,628
2,077
812
1,266
Real estate and rental and leasing
Real estate
Rental and leasing (except real estate)
9,084
7,290
1,795
Professional, scientific, and technical services
Architectural, engineering, and related services
Computer systems design and related services
Management, scientific, and technical consulting
Other
Finance (except depository institutions) and insurance ..
Finance, except depository institutions
Insurance carriers and related activities
Other industries
Agriculture, forestry, fishing, and hunting
Mining
Utilities
Construction «««..i.....«•.«.....•...,...•.•....»..».»..
•••«•«. ......*.
Transportation and warehousing
Management of nonbank companies and enterprises .......
Administration, support, and waste management
Health care and social assistance
Accommodation and food services
Accommodation
,.....•.......«
........
Food services and drinking places
Miscellaneous services
* Less than $500,000.
° Suppressed to avoid disclosure of data of individual companies.
NOTE.—Estimates for 1997 are preliminary.
Netherlands
Latin
America
and
Other
Western
Hemisphere
P)
455
414
747
1,768
16
4
41
2
P)
a
P)
684
36
875
P)
P)
P]
678
481
R
P)
g0
g
21
2
3,218
6,482
P)
P)
5529
0
P)
P)
P)
76
P)
112
P)
1,133
860
1,422
583
839
-57
0
51
2
49
60
615
389
312
77
906
3,437
2.076
386
1,690
45
0
4
40
2,983
60
1
12
48
2,679
695
224
1,761
4,952
25
P)
P)
P)
3
P)
8,485
295
2,006
67
P)
877
114
2,272
-1
P)
P)
P)
454
41
0
10
-7
10
1
4
2
0
0
837
2,956
2,354
P)
P)
445
0
69
0
3
P)
o
P)
150
106
0
193
219
0
g0
627
0
5,929
6,973
4,835
2,138
440
3,715
1,038
950
P)
48
50
P)
P)
34
P)
P)
P)
3,173
2,966
207
844
582
21,107
4,459
1,205
1,273
5,265
1,333
7,573
2,637
-1
7
1,668
7,088
4,146
415
191
1,182
-10
1,165
18,577
14,664
3,913
493
7,026
21,411
3,599
1,709
0
P)
431
P)
495
i9
-6
8
14
1,488
14
g
450
22
P)
P)
P)
702
833
521
P)
P)
P)
4,285
P)
2,802
148
g
722
1,030
P)
P)
P)
o
436
3,347
2,553
5,487
4,388
1,099
PJ
1,062
2,793
522
478
1,793
169
20
0
o
0
P)
0
0
0
0
0
0
0
121
89
29
3
0
-1
0
4,059
535
1,330
206
1,495
190
303
0
0
0
0
0
0
0
0
0
0
77
39
803
3
0
0
185
0
0
P)
63
-1
64
4,134
3,129
1,005
288
R0
65
0
R
11,464
1,898
739
77
26
45
5
7
-2
0
P)
P)
249
R
223
o
p)
P)
o
0
4
q
110
0
3
107
22
0
6
0
0
0
17
3,911
584
1,312
165
1,382
181
287
61
48
0
3
16
-5
-1
1,176
5,954
5,910
44
102
265
P)
715
5,890
5,809
81
102
263
P)
317
5
3
0
24
272
12
21,501
7,006
2,881
6,260
2,412
145
2,798
30
10
1
2
6
20,752
6,908
2,930
6,155
2,173
124
2,462
264
0
6
13
24
83
137
1,052
3,448
17
0
17
3,013
(
904
388
/D\
5,243
P)
0
2,421
493
468
1,460
P)
p]0
4,490
73
334
358
1,803
17
2,493
554
472
497
242
728
Q
0
1
9
2
7
0
/D\
1,450
0
86
16
466
178
703
P)
o
0
6
P)
3,489
1,424
4,739
3,671
1,068
P)
P)
P)
-7
P)
R8
0
P)
0
0
202
37
0
135
P)
P)
P)
P)
R
o
680
4,218
1,976
659
497
259
826
186
2,564
1,018
1,547
8
1
40
517
P)
o
P)
o
P)
P)
o
0
768
328
442
6
231
88
-3
3
0
P)
P)
0
0
0
0
0
0
0
22
-4
5
21
0
21
0
R
R
338
321
17
R
21
21
0
0
2
n
P)
P)
P)
0
P)
P)
0
0
1
n
g
-21
0
9
2
0
-8
-5
0
0
0
0
0
16,302
5,211
11,091
4,479
614
R
R
2,117
433
1,684
3,263
2,157
1,105
5,120
1,706
3,414
149
25
124
28
28
0
7
7
0
1,434
1,355
79
4,021
2,654
1,367
462
217
245
727
653
74
1,048
924
124
138
138
0
1,367
250
257
-7
—17
P)
1,119
1,116
3
P)
314
205
109
1,532
1,313
219
52
51
P)
5,981
1,358
1.756
411
2,456
278
125
138
5 216
10
4,457
1,091
1,071
170
2,079
1,421
117
366
5
767
734
157
247
197
9
0
35
114
13
1,417
147
66
41
1,168
41
0
0
0
3
2
1,080
140
556
0
367
17
0
12
16
5
976
140
471
131
349
121
0
0
0
0
0
0
51,025
730
9,826
1,445
4,358
11,999
-364
8,993
3,714
8,577
4,961
3,616
1,746
8,475
54
1,854
159
182
2,953
-36
29,179
324
5,080
1,238
2,869
6,990
-173
6,341
2,760
3,303
1,435
1,868
447
P)
3,883
98
P)
(*)
P)
7,840
94
2,511
4,830
P)
53
223
744
-6
1,757
376
4
56
0
4,809
70
465
-4
502
g-8
PJ
583
7,019
74
533
-4
917
1,222
-68
402
3
—1
688
P)
P)
0
0
0
P)
P)
P)
P)
854
P)
33
P)
726
P)
o
R
P)
o
P)
39
15
P)
461
66
-16
420
0
1,222
P)
P)
6
P)9
P)
6
P)
P)
n
775
132
-23
14
P)
101
92
8
6
P)
628
26
49
P)
3
931
0
D
36
101
79
67
0
271
137
-1
3,570
P)
55
g
50
P)
14
0
18
P)
o
P)
P)
P)
P)
1,280
—43
1,270
0
1,598
P)
P)
P)
231
P)
P)
191
P)
P)
r)
0
P)
o
0
0
(*)
o
(*)
o
0
0
0
-1
17
2
603
38
-10
0
103
PJ
-79
0
-2
446
320
126
P)
106
628
R
51
P)
3,457
P)
1 $
279
519
P)
P)
P)
o
33
-244
4
-248
n
P)
29
23
6
3,569
3,512
57
AP)
?]
P)
-41
283
37
2,367
2,093
273
443
-1
p)Q
P)
5
o
3
-3
0
64
2(*)
Q
(*)
o
August 1999
SURVEY OF CURRENT BUSINESS
•
53
Table 25.1.-Employment by Nonbank U.S. Affiliates, State by Country of Ultimate Beneficial Owner, 1996
[Thousands of employees]
Europe
All
countries
Of which:
Canada
Total
France
Germany
Netherlands
Switzerland
United
Kingdom
Latin
America
and Other
Western
Hemisphere
Asia and Pacific
Of which:
Middle
East
Africa
United
States
Total
Australia
Japan
5,105.0
608.9
3,196.6
420.2
626.3
393.2
321.4
988.2
146.6
22.8
92.6
994.7
79.6
788.8
42.7
85.1
304
162.3
30.8
192
9.9
5.9
13.2
19.7
6.7
2.6
4.9
69.5
11.8
112.3
19.8
15.0
3.6
8.2
.5
10.3
1.7
.5
.7
12.7
1.6
14.1
5.7
1.8
.6
19.2
1.2
27.0
1.1
H
7.3
.6
14.0
1.3
.5
1.1
14.6
6.3
38.1
8.8
6.7
.8
1.0
A
1.5
.7
.1
H
.3
.4
.3
.9
.7
.1
.6
.1
5.7
1.2
14.3
2.5
.9
.8
.6
.1
1.0
.2
.3
.2
16.3
12.8
938
209.4
349.9
238.3
.6
1.3
10.4
10.7
41.4
23.3
11.5
7.7
71.9
144.7
219.8
183.1
.6
.9
5.8
21.4
30.3
24.2
1.2
.5
8.0
33.6
41.4
33.5
1.5
1.3
7.8
14.5
39.4
23.7
.7
.5
5.7
23.1
22.5
10.0
5.9
4.1
33.8
35.2
63.0
71.1
A
.1
2.1
7.6
5.5
2.8
2361
127.2
162.8
226.7
73.6
35.3
15.2
26.6
23.3
13.7
137.4
73.4
97.7
134.5
52.1
14.0
14.1
8.7
16.0
4.8
25.5
15.4
31.1
24.6
12.6
14.6
5.5
12.0
14.4
5.3
18.2
4.9
7.9
16.1
5.8
44.1
25.4
27.6
46.2
14.0
4.9
4.5
1.3
6.1
1.1
37.7
42.7
89.8
84.1
19.1
4.7
5.6
5.4
8.3
18.2
14.9
3.1
.6
1.3
25.1
28.9
64.9
55.3
12.8
2.9
3.4
3.2
11.5
5.3
10.1
2.1
.4
.2
4.0
4.2
9.1
13.5
1.8
1.7
.9
2.5
1.7
22.5
4.5
.4
.2
.2
1.5
2.3
3.6
7.5
1.4
.1
.2
9.5
6.8
19.2
13.9
6.0
.5
1.7
.8
.6
.9
1.5
.6
.9
Southeast:
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia.
.
West Viroinia
61.7
37.6
239.8
1950
86.5
55.7
20.6
231.6
117.2
136.4
146.2
26.1
7.9
4.2
26.6
20.8
10.7
4.1
3.1
29.2
61
16.5
11.1
4.1
36.3
21.4
155.9
1203
39.3
32.3
12.1
173.5
92.1
85.0
1088
18.7
11.2
5.6
24.4
13.2
4.9
5.6
3.0
18.4
15.3
9.4
11.7
2.2
5.1
2.8
23.1
17.0
10.5
7.7
2.1
38.2
23.0
8.8
17.9
5.7
1.9
1.8
10.2
22.8
1.9
6.4
1.3
11.3
16.5
17.2
5.4
2.0
3.9
1.7
26.6
9.4
2.6
1.9
.6
13.5
4.6
5.5
8.4
1.4
8.0
4.9
45.0
38.8
13.5
7.2
2.6
53.0
16.5
30.1
37.1
3.9
1.9
.7
15.0
4.6
2.2
9.4
1.3
3.4
2.4
2.3
3.0
.3
Southwest:
Arizona
New Mexico
Oklahoma
Texas . .
57.8
15.4
36.7
330.2
10.0
1.7
5.3
36.5
32.7
9.5
21.2
205.3
5.3
1.2
6.5
28.1
7.3
2.5
3.2
42.2
2.2
1.8
1.2
21.2
3.2
.2
1.4
20.1
11.3
3.1
6.0
58.9
1.4
.9
3.1
23.0
72.7
12.3
4.5
32.7
6.5
8.7
2.0
1.1
3.9
.3
44.5
9.1
2.4
22.9
5.3
4.0
.5
.2
1.2
1.2
7.0
H
1.0
9.6
.8
2.8
.2
.2
1.1
.1
5.5
.8
.2
2.1
.1
19.5
2.1
.8
7.0
2.5
1.8
.3
102
557.5
47.5
25.5
49.2
86.6
24
54.7
.9
7.3
5.9
16.8
36
2
54.1
.3
3.1
12.6
14.2
7
26.1
G
1.0
1.3
4.3
2
38.4
.4
.9
2.5
5.9
24
273.0
6.8
11.5
26.9
45.5
.1
37.1
2.5
2.6
1.9
4.2
86.1
1.9
3.2
4.6
9.6
.4
17.7
2.9
.4
.5
1.2
20.0
10.9
6.0
.3
.1
.4
13.6
3.5
4.6
1.8
G
A
1.9
A
.3
.8
H
2.7
.1
.1
3.7
1.1
.3
.5
.3
.1
Total
New England:
Connecticut
Maine
Massachusetts
New Hampshire
Vermont
Mideast:
Delaware
District of Columbia
Maryland
.
New Jersey
New York
Pennsylvania
Great Lakes:
Illinois .
Indiana
Michiaan
Oh
o
i JZ:~'~
:
Wisconsin
Plains:
Iowa
. .
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
.
: :..:....:.
.
.
Rocky Mountains:
Colorado
Idaho
Montana
Utah
Wyoming
Far West:
Alaska
California ...
Hawaii
Nevada
Oregon
Puerto Rico
Other U S areas'
Foreign2
* Less than 50 employees.
1. See footnote 3 to table 10.
2. See footnote 4 to table 10.
....
.....
o
O
.1
0
.1
.1
7.0
2.5
15.7
2.7
1.0
1.0
.9
.5
1.5
3.3
8.3
39.3
60.4
23.8
!9
.8
4.7
3.6
.8
3.0
6.4
33.5
48.0
18.7
G
n
Q
.8
.3
.8
2.7
13.1
4.1
.2
.5
1.5
1.0
.1
2.8
1.2
2.2
5.3
.4
54.0
32.0
33.4
56.0
6.0
3.2
1.0
1.9
1.7
.8
41.9
29.8
30.8
53.2
4.7
1.5
.5
.2
.5
.1
.5
.2
.3
.4
5.6
4.3
4.7
9.8
2.2
.2
.5
F
.5
.7
.6
3.8
2.8
2.7
7.2
2.0
.2
.5
.1
.2
.3
.6
.1
0
0
.3
.1
.1
.1
.2
n
o
l3
1.2
.5
.4
2.2
.3
A
.3
.4
.7
.3
A
n
.1
0 .4
1.5
.2
•
•
2
n
.9
.5
5.5
6.6
1.8
2.2
.9
3.4
.9
1.0
1.0
.3
13.4
10.3
35.1
38.1
32.0
5.5
2.5
20.9
15.0
31.3
21.2
2.7
1.4
1.4
5.7
3.3
.3
1.3
1.0
1.9
.6
2.5
.8
.6
9.4
7.7
23.4
31.8
28.8
2.5
1.5
17.5
12.9
27.5
17.9
2.1
.7
.1
.5
6.5
12.6
3.2
5.7
55.0
4.7
1.0
.4
8.8
6.3
1.9
4.5
34.0
.9
15.2
.9
.6
5.4
.5
.9
9.7
.5
.4
3.6
°4
o'
8
.1
n
A
.5
.5
0
0
805
U
.1
.3
H
8.9
.8
(*\
13
2.2
.2
G
.4
8
o.1
G
O
.2
n5
U
2.5
U
(*)
(*)
(*(
0
2.9
200.7
36.0
5.2
14.8
20.5
4.6
6.7
1.0
.1
13.8
1.5
1.7
.7
1.4
155.9
2.2
32.6
3.2
12.9
16.7
.1
1.4
3.7
1.0
A
0
.9
3.8
.6
.1
6
1.5
.9
.2
o
NOTES.—Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499;
F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; h-5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999;
L-50,000 to 99,999; M-100,000 or more.
Estimates for 1996 are revised.
54
SURVEY OF CURRENT BUSINESS
• August 1999
Table 25.2.—Employment by Nonbank U.S. Affiliates, State by Country of Ultimate Beneficial Owner, 1997
[Thousands of employees]
Europe
All
countries
Of which:
Canada
Total
Germany
France
Total
New England:
Connecticut
Maine
Massachusetts
New Hampshire ....
Rhode Island
Vermont
5,164.3
83.8
31.6
159.5
31.6
18.5
9.6
168.1
22.4
92.7
1,012.6
80.1
812.4
52.9
5.8
68.3
12.8
107.4
20.1
13.7
6.2
.8
9.6
1.5
.6
.7
12.0
19.4
.9
22.6
13.6
38.4
1.1
H
1.7
.5
1.1
8.7
6.2
.7
8.
R
.6
.1
1.2
.1
5.5
1.2
6.0
1.4
.6
G
.3
.4
.2
.0
6.5
2.2
15.0
1.5
A
2.9
.9
.2
.1
.2
1.1
7.6
.7
16.1
1.8
.6
.1
1.3
.7
.8
.9
5.6
2.0
.5
8.0
1.4
.4
8.3
.9
.8
7.6
20.3
29.3
27.8
35.3
41.4
34.6
15.5
42.1
24.3
22.5
24.8
11.1
13.5
14.5
26.9
16.8
34.4
25.0
14.9
14.9
19.4
5.0
5.4
9.6
13.8
19.4
6.7
3.3
4.5
3.5
138.9
75.3
103.7
136.0
56.5
4.4
8.5
26.3
30.5
71.8
58.4
13.7
59.4
17.4
34.4
350.6
Rocky Mountains:
Colorado
Idaho
Montana
Utah
Wyoming
Far West:
Alaska
California
Hawaii
Nevada
Oregon
Washington
Puerto Rico
Other U.S. areas 1
Foreign 2
* Less than 50 employees.
1. See footnote 3 to table 10.
2. See footnote 4 to table 10.
80.3
12.4
4.4
36.7
6.9
2.1
.7
7.4
17.2
11.4
4.2
.8
1.6
9.7
2.9
28.9
16.8
9.4
6.3
3.7
26.8
4.3
20.4
11.7
4.9
12.0
6.8
1.7
7.8
36.1
22.0
157.5
121.7
39.9
33.1
11.8
166.6
93.7
88.3
105.2
19.5
6.7
14.8
4.3
3.2
11.3
8.7
10.4
2.3
.4
.2
11.3
4.7
21.8
11.8
4.9
5.1
3.3
19.3
15.2
4.3
3.4
9.4
13.6
.1.9
.4
1.1
6.1
2.7
23.3
19.3
11.2
9.0
2.3
37.3
23.5
n
13.0
13.5
20.0
4.6
5.7
3.1
1.8
1.7
2.5
4.1
7.5
1.6
24.6
4.6
.4
.3
H
n.1
6.9
5.4
3.9
F
.4
2.7
8.4
9.7
3.9
49.0
27.4
30.6
46.9
16.3
5.4
3.7
2.3
7.4
1.3
G
9.9
7.5
.2
.6
.8
1.5
.6
.8
F
.3
.4
.1
.1
.1
.1
19.5
16.3
6.1
.6
1.9
O
3.2
1.8
8.4
6.3
2.6
.6
3.6
6.7
.9
2.9
1.9
.6
43.2
42.3
12.3
14.6
19.8
25.5
10.1
11.6
16.1
16.0
14.3
10.2
42.7
18.3
31.4
36.3
3.5
4.2
2.0
1.6
9.3
9.4
9.6
10.1
17.0
2.0
5.8
4.8
2.0
5.1
8.9
n
(*)
(G*)
31.1
37.8
57.2
51.4
7.6
2.9
.1
.8
.3
.6
H
15.4
2.8
1.1
1.0
39.7
64.5
24.8
13.3
.2
.5
2.6
1.2
3.6
5.7
.4
48.1
35.2
34.1
61.3
A
.2
.4
1.8
.1
6.0
4.8
5.6
1.1
.1
1.2
.4
.4
G
.3
.2
.4
.3
.9
.3
.1
4.5
2.2
9.0
1.5
3.1
2.6
3.2
3.8
.2
O
3.3
n2
1.5
.5
5.1
6.0
1.9
1.8
.8
3.0
.6
1.7
.8
.3
2.0
.1
.7
13.8
8.2
32.9
35.4
35.7
5.3
3.1
24.4
14.7
35.4
20.7
2.0
8.1
3.2
4.2
2.9
1.8
.7
3.9
.7
1.9
11.3
1.9
.7
2.5
.1
.6
13.0
3.4
5.0
n.4
3.5
6.0
39.5
32.6
45.0
22.7
22.4
64.5
25.5
1.5
n.5
11.9
46.8
3.9
8.2
2.4
.4
.2
1.1
1.1
7.4
H
1.0
9.1
1.0
4.4
.2
.2
1.0
.1
4.8
.8
.2
2.4
20.9
3.2
.9
5.7
.4
1.7
.3
.1
.4
.4
.3
(*)
23.1
5.3
0
o.2
n
n
8
n8
8.7
1.8
3.3
.1
.1
.4
.2
2.4
.4
58.2
273.4
32.7
59.6
23.6
43.8
87.6
23.2
1.2
7.5
6.9
2.1
2.6
2.4
4.1
.3
3.7
14.4
14.4
G
.9
1.3
3.8
.5
1.1
1.7
6.1
1.9
3.1
5.2
10.4
2.9
.4
.6
1.5
0 .6
17.1
10.3
.2
.2
.1
2.8
F
.3
.8
.8
.1
3.1
.7
.2
1.1
.3
.1
0
0
0
6.5
17.1
12.0
28.6
45.4
13.0
3.2
1.0
1.6
G
A
2.7
0
.3
10.9
2.6
10.0
5.2
.9
5.6
1.2
.7
7.7
2.6
.1
.2
1.2
.5
5.6
34.1
10.9
20.5
218.2
9.2
2.2
3.0
8
1.9
2.9
9.1
.7
.5
569.4
50.1
25.5
52.0
86.6
2.2
Japan
983.2
27.7
12.0
24.1
21.7
12.4
Southwest:
Arizona
New Mexico
Oklahoma
Texas
Australia
352.1
224.5
128.3
171.4
234.1
76.5
65.0
35.2
240.9
188.9
89.5
58.0
21.7
225.0
116.9
149.4
143.3
27.2
United
States
391.4
Great Lakes:
Illinois
Indiana
Michigan
Ohio
Wisconsin
Southeast:
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Of which:
Total
657.6
11.6
41.5
24.1
10.4
Africa
411.2
72.0
145.0
212.8
167.3
3.5
United
Kingdom
3,213.9
19.1
11.2
92.0
212.4
351.5
225.0
37.8
45.4
96.6
84.0
20.8
Switzerland
Asia and Pacific
Middle
East
601.6
Mideast:
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Plains:
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Netherlands
Latin
Amerira
nlilciICa
and Other
Western
Hemisphere
8
55.6
.9
15.2
.9
O.4
.7
.5
7.1
.7
0
6.0
.4
.2
.4
.5
0
0
0
2.3
203.9
37.8
4.6
15.3
19.9
2.0
6.6
1.0
.5
.1
Q.4
1.1
1.7
.3
.7
O
H
n
G
34.4
45.1
19.9
3.6
9.0
1.2
4.3
3.4
2.8
8.3
1.9
.1
.6
1.5
1.3
5.7
3.8
.2
1.2
.8
2.8
.5
2.0
.8
.2
.4
O.3
.9
.3
.5
.8
,
O
1.2
2.7
6.9
42.5
32.7
32.6
56.5
7.6
.1
2.5
1.1
.9
1.6
1.0
1.1
2.1
.4
5.1
1.0
.3
8.5
n
13.3
4.8
9.3
5.5
21.7
28.6
33.0
2.6
2.1
17.8
12.5
30.2
17.9
1.8
6.6
2.3
4.9
36.4
10.5
.3
.5
5.2
n
1.6
162.9
34.1
2.7
13.3
17.2
1.4
3.6
.9
1.5
.3
G
1.1
.1
.1
.6
.4
.7
.1
(*)
0
.2
.5
1.6
G
.1
2.3
.4
.8
.1
.2
1.1
.1
.4
.1
1.4
2.7
3.3
(*)
o.1
.1
.9
3.8
1.0
.1
.6
1.6
.9
0
n
NOTES.—Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499;
F - 6 0 0 to 999; G—1,000 to 2,499; H-2,500 to 4,999; 1—5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999;
L—60,000 to 99,999; M-100,000 or more.
Estimates for 1997 are preliminary.
August i99g
SURVEY OF CURRENT BUSINESS
57
State Personal Income, First Quarter 1999
By Duke Tran
The quarterly
estimates of State
personal income
and the revision
section of this
article were
prepared by the
Regional Economic
Measurement
Division.
N THE first quarter of 1999, U.S. personal
income grew 1.2 percent after growing 1.5
percent in the fourth quarter of 1998.1 The
slower growth reflected slowdowns in net earnings, which grew 1.4 percent after growing 2.0
percent, and in dividends, interest, and rent,
which grew 0.4 percent after growing 0.6 percent.2 Transfer payments grew 1.5 percent after
1. In this article, percent changes are expressed at quarterly rates. The
estimate of U.S. personal income—the sum of the estimates of State personal income for each State—differs from the estimate of personal income
in the national income and product accounts (NIPA'S) because of differences
in coverage, in the methodologies used to prepare the estimates, and in the
timing of the availability of source data (see the section "Revisions to the
State Personal Income Estimates").
2. Net earnings is calculated as earnings by place of work less personal
contributions for social insurance plus an adjustment that converts these
growing 0.5 percent; the pickup reflected increases in cost-of-living adjustments to benefits
under social security and several other Federal
retirement and income support programs.
Text continues on page 61.
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 is used to analyze changes in the composition of personal
income; earnings by place of work is used to analyze changes in the industrial
structure of earnings. Net earnings by industry is not available, because
the source data used to adjust earnings to a place-of-residence basis are not
available by industry and because personal contributions for social insurance
are not estimated by industry. For the definitions of the components of
earnings, see U.S. Department of Commerce, Bureau of Economic Analysis,
State Personal Income, 1929-97 (Washington, DC: U.S. Government Printing
Office, 1999), or go to BEA'S Web site at <www.bea.doc.gov/bea/mp.htm>,
and look under Regional programs for State Personal Income, 1929-97.
Personal Income: Percent Change, 1998:1 V-1999:1
UNITED STATES 1.
Fastest growing States
|
| Slowest growing States
All other States
U.S. Department of Commerce, Bureau of Economic Analysis
5 8 • August 1999
SURVEY OF CURRENT BUSINESS
Table A.-Personal Income by Component, 1998:IV-1999:1
[Seasonally adjusted]
Percent change 1
Personal
income
Net earnings 2
Dollar change (millions)3
Contribution to percent change
in
nprconal inmmp
III |JClSUIICU IIHAJIIIG
Dividends,
interest,
and rent
Transfer
payments
Percent
(percentage points)
change in
personal
Diviincome l Net earnTransfer
dends,
ings 2
interest, payments
and rent
Personal
income
Net earnings 2
Dividends,
interest,
and rent
Transfer
payments
United States
1.2
1.4
0.4
1.5
1.2
1.0
0.1
0.2
91,081
69,753
4,422
16,906
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
1.4
1.6
1.8
1.4
.7
1.2
1.2
1.7
1.9
2.2
1.7
.7
1.3
1.3
.4
.4
.4
.4
.4
.3
.4
1.4
1.7
1.6
1.2
1.1
1.3
1.6
1.4
1.6
1.8
1.4
.7
1.2
1.2
1.1
1.3
1.4
1.2
.5
.8
.9
.1
.1
.1
.1
.1
.1
.1
.2
.2
.3
.2
.1
.3
.2
6,202
2,053
4,999
1,691
306
91
18
146
25
14
11
899
271
93
381
46
71
36
Mideast
1.5
0
1.6
1.5
1.5
1.7
1.1
1.8
-.4
2.1
1.9
1.8
2.1
1.2
.3
.4
.4
.4
.3
.3
.4
1.4
1.4
.9
1.3
1.4
1.5
1.2
1.5
0
1.6
1.5
1.5
1.7
1.1
1.2
-.3
1.3
1.3
1.2
1.4
.8
.1
.1
.1
.1
.1
.1
.1
821
18
12
101
166
312
211
3,180
Great Lakes
Illinois
Indiana
Michigan
Ohio
.8
.7
.5
1.0
.9
.9
.8
.6
.3
1.1
1.0
.9
.4
.4
.3
.3
.4
.4
1.3
1.6
1.3
1.3
1.3
1.1
.8
.7
.5
1.0
.9
694
222
74
147
160
89
2,402
.9
.5
.4
.2
.8
.6
.6
Plains
.4
-.2
.6
.4
1.0
-.4
-.7
-.2
.2
-.6
.6
.3
1.0
.3
.3
.4
.3
.3
.4
.3
.3
1.4
1.3
1.3
1.5
1.4
1.4
1.4
1.4
.4
-.2
.6
.4
1.0
-.4
.1
-.4
.4
.2
.7
-.7
-.7
-.2
-1.0
-90
278
39
43
73
82
26
7
8
998
139
126
259
312
86
36
40
.4
.4
.3
.4
.4
.3
.3
.3
.4
.4
1.6
1.4
1.3
1.7
1.6
1.4
1.4
1.5
1.7
1.6
1.5
1.6
1.2
1.3
.9
.5
1.7
1.6
.9
1.0
.8
1.5
1.7
1.5
1.1
.9
1.0
.6
.2
1.3
1.3
.5
.7
.4
1.1
1.4
1.2
.8
.6
1.8
1.6
1.7
1.6
1.9
1.3
1.0
1.2
.9
1.5
1.5
1.6
1.4
1.4
1.4
1.5
1.2
1.0
1.9
1.4
1.5
1.2
1.7
1.3
1.5
1.4
1.0
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Wisconsin
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota .
South Dakota .
-1.0
-1.5
-.8
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1.3
.9
.5
1.7
1.6
.9
1.0
.8
1.5
1.7
1.5
1.1
.9
1.5
.9
.2
2.2
1.8
.8
1.0
.7
1.6
2.1
1.8
1.1
1.0
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.3
1.0
1.2
.9
1.5
1.4
1.0
1.2
.8
1.6
Rocky Mountain .
Colorado
Idaho
Montana
Utah
Wyoming
1.2
1.0
1.9
1.3
1.0
2.4
.6
1.5
1.7
.4
1.7
2.2
.3
.4
.5
.4
.3
.4
.4
.4
.4
.3
.4
.5
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington .
1.5
1.2
1.7
1.3
1.5
1.4
1.0
1.8
1.3
2.0
1.5
1.8
1.6
1.0
.4
.4
.3
.3
.5
.4
.4
.4
.4
1. Percent changes are expressed at quarterly rates.
2. Net earnings 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 earn-
1.5
1.4
1.5
1.5
1.5
1.4
.6
1.5
1.7
513
401
2,910
2,384
239
313
173
168
228
126
.2
.2
.2
.2
.2
.3
.2
20,264
16,263
_5
315
-65
267
2,423
4,144
9,829
3,558
2,020
3,482
7,910
2,650
.1
.1
.1
.1
.1
.1
.2
.2
.2
.2
.2
.2
9,570
2,392
6,473
1,420
697
359
2,671
2,657
1,153
1,995
1,854
.1
.1
.1
.1
.1
.1
0
0
.2
.2
.2
.2
.2
.2
.3
.2
1,851
-129
576
.1
.1
0
.1
.1
21,502
16,069
1,013
4,420
863
251
537
85
6,617
3,065
5,049
2,501
764
960
433
470
642
231
2,720
1,468
2,010
2,023
2,095
1,165
1,592
1,495
327
203
48
26
345
119
43
46
21
120
49
68
111
15
278
139
0
0
0
.1
.1
.3
.3
.3
.3
.2
.3
.3
.3
.3
.3
1.0
.7
.8
.5
1.2
.1
.1
.1
0
.1
.3
.3
.3
.3
.3
9,731
1,169
7,365
.9
.7
1.6
.2
1.3
1.4
.1
.1
.1
.1
.2
.2
.2
-.5
.1
.1
0
1.3
.9
1.4
1.0
1.3
1.0
.7
"I
A
.1
.1
ings by place of work to a place-of-residence basis.
3. Dollar changes are expressed at annual rates.
NOTE.—Estimates may not add to totals due to rounding.
.3
.2
.3
.3
.2
.2
.2
.3
.2
.3
.2
.2
.2
433
577
1,290
-182
-97
-42
847
-306
265
244
896
-593
-139
414
641
791
273
379
7,507
5,921
2,611
1,124
1,998
507
105
680
197
804
426
41
569
158
19,348
16,009
194
138
15,243
12,904
409
765
310
630
863
1,123
1,614
1,163
43
37
302
496
1,606
697
750
264
528
642
218
1,222
445
250
272
180
504
254
350
417
108
390
85
22
31
253
1,976
150
84
19
11
25
11
463
236
60
53
770
8
532
16
40
59
114
2,570
293
120
230
1,333
86
28
48
1,807
82
95
201
338
SURVEY OF CURRENT BUSINESS
August 1999 •
59
Table B.-Earnings by Place of Work: Percent Change by Industry Group, 1998:IV-1999:I
[Seasonally adjusted at quarterly rates]
Private services-producing industries
Private goods-producing industries
Earnings
of work
1
Total
2
Farms
Construc- Manufaction
turing
Total
Transportation
and public utilities
Wholesale
trade
United States
1.5
0.1
-21.6
2.7
0.6
2.0
0.6
0.9
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
1.7
2.0
2.3
1.8
.4
1.4
1.5
.8
.8
2.7
.6
.9
1.2
-.8
-13.9
-11.6
-4.8
-13.0
-14.8
-27.0
-19.2
4.8
4.2
6.9
5.7
2.2
-1.1
8.4
-.2
0
1.2
-.9
.6
2.2
-2.4
2.1
2.5
2.1
2.2
-.1
1.6
2.5
1.2
.6
1.6
1.7
.7
1.0
.5
0
.7
.6
.1
-5.7
2.4
1.8
Mideast
Delaware
District of Columbia
Maryland
New Jersey
1.9
-.7
2.3
2.0
1.8
2.2
1.3
1.2
-1.6
-.8
-.5
1.0
2.3
.7
-9.7
-23.4
-2.4
-5.7
-7.0
3.3
9.9
2.5
2.2
2.5
3.7
3.3
.6
-4.0
-3.0
-1.9
.6
2.0
.2
2.1
-.7
1.9
2.5
2.3
2.3
1.5
-.2
1.3
1.2
.7
.4
.4
-2.2
.9
.6
.4
1.2
1.0
1.0
-.4
-1.7
.5
.1
1.0
-30.4
-31.1
-21.0
-40.1
-22.5
-52.1
1.7
1.8
.6
1.2
2.1
3.2
.3
.2
-1.6
.8
,3
1.8
1.4
1.1
1.9
1.8
1.6
.9
New York
,..
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
-..
Retail
trade
Finance,
insurance,
and real
Services
Government
1.4
3.1
2.5
1.6
.8
1.7
.6
1.3
-3.5
.4
-.1
3.4
4.0
5.1
3.7
-4.5
2.9
4.7
2.6
2.7
2.4
2.5
3.8
1.6
3.5
1.5
1.6
2.2
1.3
2.5
.5
2.0
.7
.7
-11.2
1.7
1.0
.6
.1
1.4
1.9
\2
1.8
1.2
1.5
3.4
-6.2
3.2
5.1
4.8
3.3
3.6
2.4
2.5
2.1
2.7
2.4
2.6
2.1
1.7
2.1
3.3
2.4
1.0
1.4
1.5
-.1
.5
-.7
.5
-1.5
.4
1.1
1.5
1.4
.5
1.2
1.1
1.5
1.5
2.7
1.6
1.1
1.0
.6
-2.1
4.2
3.5
3.7
-3.0
2.0
2.1
1.7
2.1
1.9
2.1
1.0
.5
1.2
1.0
1.1
1.6
0
1.3
1.5
1.3
.6
2.0
-.1
2.3
3.7
1.3
1.7
2.1
1.2
1.0
-.1
1.5
1.9
1.9
2.8
3.9
-1.4
3.7
3.7
3.4
3.8
1.9
1.6
2.7
2.1
1.6
1.3
2.6
2.4
1.6
1.6
1.3
1.6
2.0
1.2
2.3
1.4
.3
-.4
.7
.4
1.1
-.8
-1.0
-.5
-2.5
-4.4
-2.0
-1.3
-.6
-5.8
-10.0
-29.6
-29.1
-19.5
-45.4
-50.1
-24.0
-31.1
-24.7
2.6
2.5
3.8
4.8
.7
.2
1.5
3.0
.5
.7
-.3
.1
.7
1.2
3.5
2.2
1.5
1.6
2.0
.9
1.7
1.2
2.2
2.4
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1.6
.9
.4
2.3
1.9
1.0
1.1
.8
1.7
2.1
1.8
1.0
1.0
.6
-.4
-1.3
1.9
-.3
-1.2
.2
-1.2
.6
.9
2.1
2.2
-1.6
-23.7
-29.8
-26.6
-12.2
-30.5
-22.4
-22.9
-26.1
-23.7
-21.2
-34.0
-11.4
-45.5
2.3
3.1
3.4
2.1
2.2
1.8
2.3
4.3
1.9
2.3
2.3
2.0
2.5
2.0
1.3
3.4
3.4
1.5
.5
2.6
.5
2.0
1.1
2.7
2.9
-1.8
2.0
1.5
1.6
2.5
2.7
2.3
1.5
1.9
2.5
2.8
1.8
.2
2.1
1.3
-.6
.9
1.8
.4
.1
1.8
1.4
2.0
1.1
1.6
-1.2
.7
1.1
1.1
.5
.6
1.3
.3
.2
.8
1.8
0
1.3
.8
1.6
2.1
1.3
1.7
1.8
1.8
.5
2.3
2.2
1.2
1.2
1,2
2.2
3.5
-3.4
3.9
3.8
4.6
4.0
2.9
3.7
3.7
4.4
3.2
4.0
5.4
2.3
2.7
2.2
3.2
3.4
3.0
2.2
1.6
3.0
3.5
2.3
-1.5
2.7
1.7
1.6
.4
1.4
2.2
1.4
1.4
1.3
1.6
2.6
1.4
2.4
1.9
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.5
1.1
1.3
.9
1.7
-.5
-.4
-1.0
-2.8
-.3
-18.8
-11.6
-5.9
-27.3
-20.4
3.0
4.7
1.8
1.4
2.8
-.2
-2.5
-.8
-2.3
.4
2.4
1.9
1.8
2.5
2.6
1.5
.6
0
1.4
1.7
1.1
1.1
.9
1.1
1.2
1.8
2.6
1.2
1.6
1.6
4.1
3.9
3.4
4.2
4.3
2.7
1.4
2.2
3.1
3.0
1.7
.4
1.9
1.7
1.9
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
1.4
1.0
2.6
.6
1.8
2.2
.6
.8
.7
-6.5
1.4
3.0
-16.7
-13.0
-7.1
-69.4
-11.7
200.0
2.6
2.3
3.3
3.9
1.8
6.6
1.7
1.6
1.4
2.7
2.1
-1.1
1.6
.9
3.7
2.6
2.2
2.3
-1.5
-3.3
2.1
2.5
.9
.6
1.0
.8
1.5
1.4
1.1
1.5
1.3
2.0
2.2
1.8
-1.0
1.8
4.0
4.0
4.9
3.8
3.9
4.0
2.2
1.0
5.1
3.0
3.6
3.0
1.7
2.0
2.5
2.3
.6
1.1
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1.9
1.3
2.1
1.5
1.8
1.7
1.1
.4
-.1
.9
2.8
-.3
.5
-2.5
-10.3
-16.7
-12.1
-5.5
-10.0
.7
-6.5
2.8
7.1
2.8
3.1
2.0
3.1
2.9
.2
4.7
1.2
4.71
-5.4
-.6
-4.7
2.5
1.7
2.6
1.6
2.1
2.1
2.4
1.1
.3
1.4
-.2
-1.9
-.2
1.5
1.2
1.8
1.4
.2
1.0
-1.0
1.3
1.3
1.3
1.1
.9
2.5
1.3
1.6
3.6
4.5
3.4
2.8
4.3
4.3
4.4
3.1
1.9
3.2
2.2
2.3
3.3
2.6
2.0
1.8
2.0
.8
3.7
2.2
1.8
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
,
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, which are not shown separately.
.3
-1.5
-1.0
.7
1.0
1.1
.7
1.1
60
• August 1999
SURVEY OF CURRENT BUSINESS
Table C—Earnings by Place of Work: Contribution to Percent Change by Industry Group, 1998:IV-1999:I
Percentage points
Percent
change in
earnings
by place
of work l
Private services-producing industries
Private goods-producing industries
Transportation
and public utilities
Total
, Total 2
-Farms
Construc- Manufaction
turing
Wholesale
trade
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
-0.2
0.2
0.1
1.2
0.1
0.1
0.3
0.7
0.2
2.0
2.3
1.8
.4
1.4
1.5
.2
.2
.7
.1
.3
.3
-.2
0
0
0
0
0
-.1
-.3
.2
.2
.5
.3
.1
-.1
.6
0
0
1.3
1.6
1.2
1.5
-.1
1.0
1.4
0
0
0
0
-.4
.1
.1
.1
.1
.1
.1
-.4
0
0
.4
.6
.4
.4
-.3
.3
.3
.8
.8
.7
.9
1.0
.5
1.0
.2
.2
.4
.1
.3
.1
.3
1.9
-.7
2.3
2.0
1.8
2.2
1.3
.2
-.5
0
-.1
.2
.4
.2
0
-.2
.1
-.1
0
0
0
.2
.1
.1
.2
-1.0
-.1
-.2
.1
.2
0
.5
-1.2
.2
.4
.5
.6
.3
.8
.6
.9
.9
.8
.8
.6
.3
.2
1.3
.5
.1
.2
.2
0
-.1
-.7
.2
0
.3
-.2
-.2
-.2
-.1
-.1
-.4
.1
.1
0
.1
.1
.2
.1
0
-.5
.2
.1
.5
.8
.7
.9
.9
0
-.2
.3
.2
.3
.5
.6
.4
.5
.5
.5
.1
.4
1.2
1.0
1.0
.3
-.4
.7
.4
1.1
-.8
-1.0
-.5
-.7
-1.5
-.6
-.4
-.2
-1.6
-2.7
-2.0
-1.0
-1.8
-.8
-.7
-.3
-1.8
-3.0
-2.4
.2
.2
.2
.3
0
0
.1
.2
.1
.1
0
0
.1
.2
.3
.3
.9
.8
1.1
.5
1.0
.7
1.2
1.3
.1
.2
.2
.1
.1
0
.1
.2
.5
.3
.6
.6
.4
.3
.7
.6
.2
.2
.2
.2
.3
.2
.4
.2
1.6
.9
.4
2.3
1.9
1.0
1.1
.8
1.7
2.1
1.8
1.0
1.0
.1
-.1
-.4
.3
-.1
-.4
.1
-.4
.2
.3
.6
.4
-.5
-.3
-.6
-1.4
-.1
-.5
-.5
-.2
-.8
-.4
-.1
-.1
0
0
.1
.2
.2
.1
.1
.1
.2
.3
.1
.2
.1
.1
.1
.3
.3
.7
.3
.2
.1
.3
.1
.5
.2
.6
.4
-.3
1.2
.8
.8
1.7
1.6
1.2
.2
.2
.1
.2
.2
.2
0
,2
.2
.1
.1
.1
.2
.6
.6
.5
1.1
.9
.7
.6
.4
.7
.8
.6
-.5
.7
.3
.3
.1
.2
.3
.2
.2
.2
.3
.5
.2
.5
.4
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.5
1.1
1.3
.9
1.7
-.1
-.1
-.2
-.8
-.1
-.2
-.1
-.1
-.3
-.2
.2
.4
.1
.1
.2
0
-.3
-.1
-.4
.1
1.4
1.1
1.0
1.4
1.5
.2
.3
.1
.2
.1
.7
.4
.6
.8
.8
.2
.1
.5
.3
.3
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
1.4
1.0
2.6
.6
1.8
2.2
.1
.2
.2
-1.4
.3
.9
-.2
-.1
-.3
-1.9
-.1
.6
.2
.2
.3
.3
.1
.6
.2
.2
.2
.2
.3
-.1
1.0
.6
1.9
1.6
1.3
1.1
-.1
-.3
.1
.2
.1
.1
.1
.2
.2
.2
-.1
.2
.6
.3
1.2
.8
1.0
.6
.3
.3
.4
.4
.1
.2
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington ..
1.9
1.3
2.1
1.5
1.8
1.7
1.1
.1
0
.2
.3
-.1
.1
-.6
-.1
0
-.1
0
0
0
-.1
.2
.5
.2
.2
.2
.2
.2
1.5
.8
1.6
1.0
1.4
1.2
1.4
.1
0
.1
0
-.1
0
.1
1.0
.4
1.0
.7
.9
.9
.8
.3
.5
.3
.2
.5
.3
.3
United States
New England
Connecticut
Maine
Massachusetts ...
New Hampshire .
Rhode Island
Vermont
Mideast
Delaware
District of Columbia .
Maryland
,
New Jersey
New York
Pennsylvania
1.5
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota .
South Dakota .
Southeast
Alabama..
Arkansas .
Florida
Kentucky
Louisiana
Mississippi
North Carolina .
South Carolina.
Tennessee
Virginia
West Virginia ...
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.
.2
.6
0
.2
-.1
.1
.4
-.5
.1
.2
.2
.2
-!i
1.4
-.4
1.1
1.6
1.5
1.6
.9
0
.1
0
0
0
0
-.2
0
0
0
0
.1
.1
.1
0
-.1
0
1.3
1.4
1.1
.1
1.1
0
0
-.1
.1
.1
0
0
0
0
-.1
.1
.1
.1
.1
.1
-.1
.1
.1
.1
0
.1
.1
0
.1
.2
0
0
.1
.1
.1
.1
.1
-1
0
0
.1
.2
.1
.1
.1
.1
.1
.1
.1
0
0
-.1
.1
.2
0
.1
.1
.1
.1
.1
.1
.3
.1
.1
.1
2. Also includes mining and agricultural services, forestry, and fishing, which are not shown separately.
NOTE.—Estimates may not add to totals because of rounding.
.1
.1
.1
.1
.2
SURVEY OF CURRENT BUSINESS
Text continues from page 57.
In the first quarter of 1999, the growth rates
in personal income in 45 States and the District
of Columbia exceeded the 0.3-percent increase
in the prices paid by U.S. consumers (as measured by the price index for personal consumption
expenditures). Personal income was unchanged
in Delaware, and it declined in North Dakota,
Nebraska, South Dakota, and Iowa.
At the end of this article, table 1 presents the
annual estimates of personal income and per
capita personal income for each State and region
for 1993-98, and table 2 presents the annual estimates of disposable personal income and per
capita disposable personal income for 1993-98.
Table 3 presents the quarterly estimates of personal income, beginning with the first quarter
of 1996, and table 4 presents the annual estimates for 1997-98 and the quarterly estimates,
beginning with the first quarter of 1998, of personal income by major source and of earnings by
industry.
Fastest growing States.—The seven States with the
fastest growth rates in personal income in the first
quarter of 1999 were geographically widespread:
Idaho (1.9 percent), Maine (1.8 percent), South
Carolina (1.7 percent), Wyoming (1.7 percent),
New York (1.7 percent), Florida (1.7 percent),
and California (1.7 percent) (chart 1). By type
of income, net earnings accounted for most of
the personal income growth in all these States
(table A).
By industry, earnings in services was the major contributor to growth in earnings by place of
work in all these States; earnings in finance, insurance, and real estate also contributed substantially in all these States except Wyoming (tables B
and C). Other industries that contributed substantially were construction and government in
Idaho and Maine; government in South Carolina and California; farms and construction in
Wyoming; and manufacturing in Florida.
Slowest growing States.—The four States with declines in personal income were in the Plains
region: North Dakota (-0.7 percent), Nebraska
(-0.4 percent), South Dakota (-0.2 percent),
and Iowa (-0.2 percent). In Delaware, personal
income was unchanged.
In the Plains States, declines in earnings by
place of work mainly reflected large declines in
earnings in farms as a result of a reduction in
farm subsidy payments from an unusually high
level in the fourth quarter.
August 1999
In Delaware, earnings declined in manufacturing, in finance, insurance, and real estate, and
in farms. The decline in finance, insurance,
and real estate reflected a reduction in lumpsum payments (such as bonus payments) from
an unusually high level in the fourth quarter.
Revisions to the State personal income estimates
The annual and quarterly estimates of State personal income for 1998 have been revised to incorporate newly available unemployment insurance
Table D.—-Revisions in Personal Income for States and
Regions, 1998
[Millions of dollars; quarters at seasonally adjusted annual rates]
Revision
Percent
revision,
1998
1998
Area name
IV
United States....
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
19,119
1,424
332
61
647
234
126
24
813
88
25
411
133
-1,011
1,166
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
4,657
1,245
488
1,198
Plains
1,404
237
178
741
110
54
21
64
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
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1,179
546
4,506
252
119
1,051
657
176
169
108
652
297
302
704
20
1,904
427
125
-53
1,405
908
652
-1
66
163
28
3,504
58
2,457
86
280
29
594
10,263 16,754 22,375 27,084
369
516 1,254 3,558
-167 -183
270 1,407
44
57
60
84
354
497
639 1,098
46
50
693
146
65
59
287
92
16
33
30
22
1,150 2,685 3,642 -4,225
215
79
43
15
30
13
15
42
321
149
731
445
660
277
870 -1,272
957 1,338 -6,721
381
674
315
869 2,807
1,763 2,985 4,897 8,983
994 2,764
835
392
759
600
399
193
664 1,733 1,802
594
744 1,041 2,564
365
530 1,093
342
221
611 1,293 1,866 1,844
106
565
210
65
189
95
179
251
190
788 1,466
516
152
380 ^ 9 8
306
68
143
98
-95
20
46
41
-23
21
49
37
150
2,606 4,123 5,230 6,066
108
597
210
94
67
105
177
124
862 1,086 1,192 1,065
347
792
687
800
97
-1
271
337
357
228
91
0
159
124
62
86
666 1,116
476
349
375
184
112
520
441
197
276
293
597 1,637
393
188
97 -127
78
29
812 1,732 2,409 2,661
182
76
376 1,069
47
318
89
47
186 -662
198
66
623 1,304 1,758 1,935
734 1,966
597
336
301
153
380 1,775
56
41
86 -187
76
39
85
63
82
271
132
166
21
21
32
38
2,616 2,823 2,345 6,233
69
19
110
36
758 1,970 1,439 5,662
93
32
155
65
160
808
104
46
137 -414
236
155
446
411
1,606
0.3
.3
.3
.2
.3
.7
.5
.2
.1
.4
.1
.3
0
-.2
.4
.4
.4
.3
.5
.4
.4
.3
.3
.3
.6
.1
.1
.2
.4
.3
.3
.2
.3
.3
.2
.2
.2
.4
.4
.2
.3
.4
.4
-.1
.3
.4
.6
0
.4
.4
.3
.3
.4
.3
.3
.6
•
6l
62 • August 1999
SURVEY OF CURRENT BUSINESS
(ui) tabulations of wages and salaries for the
fourth quarter and revised tabulations for the first
three quarters from the Bureau of Labor Statistics. In addition, the estimate of railroad wage
and salary disbursements incorporated revised
fourth-quarter reports from the Department of
Transportation.
As a result of the revisions to wage and salary
disbursements, the U.S. total of State personal
income for 1998 was revised up $19.1 billion, to
$7,158.2 billion, from the estimate that was published in the May 1999 SURVEY OF CURRENT
BUSINESS. The industries with the largest upward
revisions were services ($5.6 billion), durable
goods manufacturing ($4.1 billion), and State and
local government ($3.4 billion). The industry
with the largest downward revision was finance,
insurance, and real estate (-$2.1 billion).
In percentage terms, the annual estimates of
personal income were revised up for all the States
except Idaho, Oregon, New Jersey, Oklahoma,
and New York (table D). The largest upward percent revisions were for New Hampshire,
Nevada, Colorado, Minnesota, and Michigan.
All the regions except the Mideast had upward
revisions for each quarter.
Because of differences in the timing of incorporating the source data for wages and salaries
and for farm proprietors' income, the annual
increase in the U.S. total of the State personal income for 1997-98 is about $45 billion more than
the increase in the presently published estimate
of personal income in the national income and
product accounts (NIPA'S).3 In October, as part
3. In April 1999, when BEA incorporated newly available source data for
wage and salary disbursements and for farm proprietors' income into the
of a comprehensive revision, the NIPA estimate
for 1998 will be revised to incorporate the ui tabulations for all four quarters, the latest data from
the Department of Agriculture, and other source
data that are more complete, more detailed, and
otherwise more appropriate than those that were
previously incorporated. These source data are
usually incorporated into the NIPA estimates in
July as part of the annual NIPA revision, but this
year's annual revision will be combined with the
comprehensive revision.
In the spring of 2000, BEA will release the
results of the comprehensive revision of State personal income. This revision will incorporate the
definitional and classificational changes and additional statistical revisions to the estimates of
personal income that will be introduced in the
comprehensive NIPA revision (see "A Preview of
the 1999 Comprehensive Revision of the National
Income and Product Accounts: Definitional and
Classificational Changes" in this issue). The annual revision of State personal income that is
scheduled for September will be combined with
the comprehensive State revision.
Tables 1 through 4 follow. Q
State estimates, the increase in the U.S. total was $26 billion more than the
increase in the NIPA estimate (see the box "Note on the Estimates of State
Personal Income," SURVEY 79 (May 1999): 28).
The State estimate also differs from the NIPA estimate because of differences in coverage and in the methodologies used to prepare the estimates.
The largest source of these differences is that, by definition, State estimates exclude the earnings of Federal civilian and military personnel stationed abroad
and of U.S. residents employed abroad temporarily by private U.S. firms. For
a detailed description of the differences, see the box "Relation of Personal
Income in the National Income and Product Accounts (NIPA'S) and in the
State Personal Income Series" in Wallace K. Bailey, "State Personal Income,
Revised Estimates for 1982-97," SURVEY 78 (October 1998): 21.
SURVEY OF CURRENT BUSINESS
August 1999
Table 1.—Personal Income and Per Capita Personal Income by State and Region, 1993-98
Per capita personal income 1
Personal income
Area name
Percent
change
Millions of dollars
Rank in
U.S.
Dollars
1993
1994
1995
1996
1997
1998 r
5.7
21,220
22,056
23,059
24,164
25,288
26,482
429,852
123,431
28,620
202,252
34,626
26,614
14,309
5.7
5.3
5.1
5.9
6.4
5.0
5.6
24,903
29,232
18,463
25,333
22,710
21,735
19,392
25,934
30,310
19,190
26,433
24,119
22,315
20,196
27,439
32,073
19,995
28,097
25,313
23,520
21,246
28,872
33,979
20,948
29,591
26,418
24,356
22,179
30,427
35,863
21,937
31,239
27,766
25,667
23,017
32,007
37,700
23,002
32,902
29,219
26,924
24,217
34
4
10
16
31
1,303,943
20,946
18,919
146,090
260,736
548,927
308,325
1369,952
22,258
19,526
154,164
275,531
575,768
322,706
5.1
6.3
3.2
5.5
5.7
4.9
4.7
24,637
23,542
29,912
24,283
27,457
25,373
21,635
25,489
24,465
31,212
25,329
28,333
26,242
22,343
26,636
25,603
32,398
26,141
29,568
27,587
23,268
27,978
27,125
34,213
27,298
30,892
29,015
24,533
29,252
28,493
35,704
28,674
32,356
30,250
25,670
30652
29,932
37,325
30,023
33,953
31,679
26,889
7
6
5
2
3
17
5
2
4
16
1,054,547
314,960
129,570
233,571
257,506
118,940
1,107,644
331,966
136,073
244,073
270,450
125,081
1,161,898
349,029
143,362
255,039
282,920
131,547
4.9
5.1
5.4
4.5
4.6
5.2
21,009
22,895
19,649
20,939
20,228
20,009
22,128
23,956
20,734
22,338
21,237
21,012
23,140
25,135
21,427
23,407
22,217
21,960
24,055
26,393
22,234
23,996
23,054
22,987
25,158
27,688
23,202
24,956
24,163
24,048
26,290
28,976
24,302
25,979
25,239
25,184
8
8
26
20
21
23
29
18
21
22
397,342
57,983
55,304
109,304
114,966
34,391
11,640
13,753
425,718
62,759
58,690
117,293
121,265
37,652
12,983
15,076
446,730
65,993
62,363
123,010
127,795
39,135
12,885
15,549
469,721
68,720
65,854
130,737
132,955
41,212
13,855
16,388
5.1
4.1
5.6
6.3
4.0
5.3
7.5
5.4
19,807
18,461
20,048
21,488
19,632
19,714
17,040
17,600
20,863
19,964
20,638
22,802
20,576
20,365
18,156
18,568
21,631
20,412
21,481
23,736
21,540
21,029
18,149
18,724
23,039
22,032
22,707
25,235
22,586
22,847
20,197
20,450
24,034
23,120
23,972
26,243
23,629
23,618
20,103
21,076
25,126
24,007
25,049
27,667
24,447
24,786
21,708
22,201
"35
22
18
27
24
45
38
"•32
1,247,824
76,999
41,881
303,647
145,373
68,343
77,892
42,308
140,667
65,688
103,614
150,591
30,822
1,321,834
81,315
44,478
321,549
155,959
71,727
81,484
44,591
150,877
69,506
110,511
158,066
31,771
1,401,506
85,128
47,116
343,806
167,956
75,612
85,099
47,150
161,179
73,435
115,697
166,351
32,976
1,482,256
89,348
49,442
363,980
178,875
80,435
89,067
49,437
172,154
77,686
121,934
175,911
33,988
1,568,488
93,567
51,763
386,654
191,865
84,834
93,430
52,283
182,036
82,039
128,244
186,686
35,087
5.8
4.7
4.7
6.2
7.3
5.5
4.9
5.8
5.7
5.6
5.2
6.1
3.2
19,073
17,398
16,380
21,080
19,668
17,207
17,133
14,900
19,137
17,091
19,139
22,133
16,306
19,893
18,163
17,090
21,761
20,632
17,872
18,086
15,886
19,920
17,914
20,088
23,031
16,948
20,804
19,041
17,934
22,676
21,696
18,601
18,826
16,574
20,996
18,789
21,109
23,943
17,441
21,787
19,838
18,808
23,834
22,900
19,475
19,609
17,398
22,053
19,651
21,800
24,950
18,116
22,751
20,672
19,595
24,799
23,882
20,570
20,458
18,098
23,168
20,508
22,699
26,109
18,724
23,793
21,500
20,393
25,922
25,106
21,551
21,385
18,998
24,122
21,387
23,615
27,489
19,373
509,054
72,962
26,749
56,253
353,092
538,786
79,335
28.362
58,416
372,673
576,052
86,479
30,357
60,661
398,555
614,265
93,391
31,826
63,750
425,298
660,458
100,160
33,269
67,444
459,585
707,853
108,087
34,753
70,469
494,544
7.2
7.9
4.5
4.5
7.6
18,961
18,270
16.559
17,419
19,606
19,666
19,127
17,150
17,984
20,312
20,605
20,078
18,029
18,544
21,320
21,577
21,071
18,634
19,342
22,345
22,787
21,998
19,298
20,305
23,707
23,985
23,152
20,008
21,056
25,028
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
152,805
78,783
19,474
14,761
30,624
9,163
162,235
84,115
20,628
15,038
33,021
9,434
174,645
90,853
22,062
15,881
35,954
9,895
186,887
97,735
23,418
16,546
38,856
10,333
199,598
105,143
24,651
17,276
41,681
10,847
213,643
114,449
25,901
17,827
44,297
11,169
7.0
8.9
5.1
3.2
6.3
3.0
19,482
22,117
17,699
17,571
16,359
19,535
20,128
23,019
18,186
17,590
17.004
19,865
21,194
24,304
18,961
18,286
18,054
20,685
22,304
25,627
19,741
18,872
19,214
21,524
23,414
27,015
20,392
19,660
20,185
22,596
24,668
28,821
21,080
20,247
21,096
23,225
Far West
Alaska
California
Hawaii
Nevada ,
Oregon
Washington
944,975
13,556
698,130
27,511
30,945
59,234
115,597
979,189
14,065
718,321
28,331
34,105
63,309
121,058
1,032,656
14,421
754,787
29,396
37,508
67,908
128,636
1,095,386
14,713
798,580
29.784
41,412
73,156
137,741
1,163,164
15,222
846,839
30.514
44,510
77,579
148,500
1,236,770
15,823
900,900
31,268
47,795
81,310
159,674
6.3
3.9
6.4
2.5
7.4
4.8
7.5
22,208
22,711
22,430
23,638
22,388
19,518
22,024
22,797
23,417
22,953
24.090
23,391
20,508
22,687
23,816
23,971
23,983
24,848
24,541
21,618
23,677
24,969
24,310
25,142
25,086
25,877
22,894
24,958
26,127
24,969
26,314
25,598
26,514
23,920
26,451
27,367
25,771
27,579
26,210
27,360
24,775
28,066
1993
1994
1995
1996
1997
5,469,485
5,741,050
6,059,091
6,408,103
6,770,650
7,158,176
328,914
95,588
22,823
152,204
25,484
21,688
11,128
343,175
98,966
23,698
159,317
27,337
22,170
11,688
364,142
104,616
24,658
170,211
29,014
23,269
12,375
384,540
110,904
25,934
179,998
30,633
24,067
13,004
406,858
117,173
27,243
191,008
32,546
25,340
13,549
1,090,321
16,482
17,264
120,033
216,183
460,249
260,109
1,130,903
17,344
17,659
126,277
224,290
476,331
269,002
1,183,752
18,401
17,899
131,318
235,425
500,563
280,147
1,245,254
19,723
18,463
138,068
247,381
526,390
295,230
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
904,660
268,281
112,016
199,411
223,792
101,159
958,496
282,546
119,029
214,135
235,724
107,063
1,008,668
298,246
123,987
226,179
247,449
112,806
Plains
358,347
52,073
50,883
97,202
102,826
31,785
10,860
12,717
380,442
56,485
52,794
104,110
108,872
33,029
11,612
13,541
1,180,409
72,930
39,704
289,052
135,613
65,279
73,424
39,272
132,981
62,123
97,273
143,137
29,620
Southwest
Arizona
New Mexico
Oklahoma
Texas
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
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
1. Per capita personal income was computed using midyear population estimates of the Bureau of the Census,
Estimates for 1993-98 reflect State population estimates available as of March 1999.
NOTE.-Tne personal income level shown for the United States is derived as the sum of the State estimates.
1998'
1997-98
1993
i'
1998
i
36
3
7
15
30
24
11
28
26
38
37
........
"•40
47
19
25
42
43
50
33
44
32
13
49
46
19
23
39
42
50
31
41
33
13
49
•"36
"Is
48
46
40
28
45
25
........
9
37
39
48
29
44
47
43
34
9
•"26
11
6
12
30
15
12
17
14
27
10
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
j*JJ«
a n d militar
y ^^°mel
stationed
**°*
a n d of u s
-residents ^P10**1
abroad
temporarily by private U.S.
SURVEY OF CURRENT BUSINESS
64 • August 1999
Table 2.—Disposable Personal Income and Per Capita Disposable Personal Income by State and Region, 1993-98
Disposable personal income
Millions of dollars
Area name
1993
United States
Per capita disposable personal income'
Percent
change
4,780,497
1994
1995
5,002,892 5,264,971
Rank in
U.S.
Dollars
1996
1997
1993
1994
1995
1996
1997
5,518,569
5,782,712
6,061,088
4.8
18,547
19,221
20,037
20,810
21,598
22,424
23,363
24,269
26,841
17,661
23,702
22,459
20,692
18,757
28,035
18,394
24,623
23,140
21,274
19,328
25,309
29,215
19,061
25,740
24,104
22,225
19,905
30,317
19,811
26,824
25,188
23,145
20,815
1
35
3
5
11
28
1998-
1997-98
1993
1998
New England
Connecticut
Maine ...
Massachusetts
New Hampshire
Rhode Island
Vermont
281,943
80,497
20,259
129,676
22,657
19,081
9,772
293,350
83,452
20,924
134,929
24,326
19,436
10,282
310,049
87,550
21,779
143,583
25,742
20,470
10,925
323,239
91,503
22,772
149,777
26,831
21,022
11,333
338,425
95,453
23,671
157,389
28,254
21,942
11,717
353,824
99,259
24,650
164,889
29,849
22,878
12,299
4.6
4.0
4.1
4.8
5.6
4.3
5.0
21,346
24,617
16,389
21,584
20,191
19,123
17,029
22,168
25,558
16,944
22,387
21,463
19,564
17,767
Mideast....
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
937,562
14,176
14,760
103,131
186,057
391,590
227,848
970,390
14,843
15,032
108,174
192,091
405,007
235,244
1,014,554
15,794
15,390
112,311
201,672
425,359
244,028
1,057,756
16,796
15,623
117,094
210,191
442,273
255,779
1,096,946
1,140,195
18,647
16,100
128,282
229,892
472,647
274,626
3.9
21,185
20,248
25,572
20,864
23,631
21,588
18,952
21,872
20,937
26,568
21,698
24,266
22,312
19,539
22,829
21,976
27,857
22,357
25,328
23,442
23,765
23,100
28,950
23,151
26,248
24,378
21,255
24,609
24,076
29,914
24,031
27,286
25,160
22,022
25,512
25,077
30,776
24,983
28,329
26,005
22,883
7
2
4
15
Great Lakes
Illinois...
Indiana .
Michigan
Ohio .....
Wisconsin
785,849
232,574
97,541
173,842
194,712
87,180
829,189
243,724
103,048
185,741
204,770
91,904
869,778
256,543
107,379
194,966
214,222
902,103
268,434
111,656
199,607
221,394
101,011
939,326
109,846
4.3
4.7
3.7
3.6
4.4
18,250
19,847
17,110
18,254
17,600
17,244
19,143
20,665
17,951
19,376
18,448
18,037
19,954
21,620
18,556
20,177
19,234
18,818
20,578
22,494
19,160
20,507
19,821
19,521
21,335
23,377
19,849
21,126
20,618
20,235
22,119
24,277
20,660
21,832
21,329
21,029
8
32
20
23
26
Plains
312,829
45,591
44,658
82,808
90,563
331,618
344,991
50,776
48,149
92,537
100,713
30,038
10,366
12,412
367,001
54,824
50,703
97,774
105,529
32,903
11,620
13,649
381,713
57,253
53,488
101,468
110,307
33,827
11,389
13,982
59,222
56,057
107,358
113,948
35,446
12,230
14,665
4.5
3.4
4.8
5.8
3.3
4.8
7.4
4.9
17,291
16,163
17,595
18,306
17,290
17,421
15,178
15,843
18,186
17,528
18,048
19,397
18,049
17,954
16,241
16,848
18,781
17,875
18,702
20,095
18,870
18,367
16,162
19,861
19,246
19,617
21,035
19,656
19,965
18,077
18,513
20,536
20,058
20,561
21,647
20,395
20,415
17,768
18,952
21,339
20,689
21,322
22,719
20,952
21,318
19,162
19,866
30
24
16
27
25
38
34
1,350,586
82,148
45,394
330,157
163,232
73,168
82,179
47,079
155,290
71,340
112,656
156,916
31,026
5.0
4.2
3.9
5.2
6.3
4.9
4.2
5.3
4.7
5.1
4.5
5.2
2.7
16,904
15,553
14,705
18,701
17,212
15,162
15,466
13,604
16,784
15,231
17,262
19,201
14,654
17,563
16,170
15,261
19,235
18,013
15,722
16,305
14,457
17,358
15,908
18,060
19,858
15,197
18,312
16,930
15,947
19,959
18,897
16,280
16,925
15,085
18,258
16,596
18,927
20,611
15,605
19,049
17,588
16,682
20,723
19,798
16,983
17,526
15,803
19,134
17,272
19,406
21,344
16,193
19,744
18,234
17,314
21,379
20,495
17,837
18,123
16,363
19,953
17,913
20,066
22,130
16,649
20,488
18,876
17,884
22,134
21,359
18,587
18,810
17,107
20,578
18,598
20,745
23,105
17,131
39
46
18
22
42
40
50
33
41
29
13
49
618,773
92,333
30,524
61,218
434,698
6.5
7.2
4.2
3.8
6.9
16,941
16,126
14,748
15,462
17,583
17,554
16,806
15,257
15,927
18,218
18,369
17,595
16,091
16,405
19,097
19,086
18,284
16,540
17,008
19,861
20,049
18,914
17,000
17,755
20,980
20,967
19,777
17,574
18,292
21,999
36
47
43
19
180,610
95,810
22,275
15,434
37,627
9,463
6.2
8.0
4.3
2.5
5.5
2.0
16,927
19,060
15,507
15,480
14,273
17,243
17,399
19,732
21,347
15,064
35,657
9,281
15,413
14,733
17,509
18,340
20,887
16,562
16,151
15,568
18,271
19,163
21,829
17,214
16,591
16,533
18,570
19,946
22,787
17,658
17,143
17,267
19,333
20,854
24,128
18,129
17,530
17,920
19,678
44
48
45
37
988,785
12,926
717,988
26,398
37,654
65,177
128,640
1,040,616
13,349
755,232
26,843
40,107
67,866
137,220
5.2
3.3
5.2
1.7
6.5
4.1
6.7
19,474
19,897
19,702
20,391
19,293
16,705
19,519
19,918
20,290
20,084
20,834
20,241
17,455
20,037
20,697
20,525
20,828
21,736
21,177
18,474
20,884
21,408
20,765
21,503
21,824
22,084
19,467
21,774
22,210
21,203
22,310
22,145
22,431
20,096
22,914
23,027
21,741
23,119
22,500
22,959
20,678
24,119
21
12
17
14
31
10
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
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon . ..
Washington
r
9,673
11,447
46,169
88,564
95,501
29,118
10,388
12,287
1,046,121
65,198
35,645
256,427
118,676
57,520
66,283
35,855
116,627
55,362
87,735
124,174
26,620
1,101,653
454,808
64,402
23,823
49,932
316,651
480,928
69,709
25,232
51,735
334,252
132,767
67,892
17,063
13,004
26,720
11,876
613,195
23,732
50,699
102,448
68,547
37,398
268,409
126,915
60,124
70,221
38,501
122,574
58,329
93,153
129,845
27,637
1,163,513
72,297
39,551
283,027
135,843
62,778
73,256
40,585
131,201
61,395
280,280
116,414
206,608
230,780
105,244
1,225,384 1,286,377
78,809
75,473
43,686
41,791
313,790
145,199
153,506
65,938
76,061
42,827
139,842
64,545
102,991
142,308
29,476
78,903
44,697
148,266
67,858
107,789
149,103
30,222
513,542
75,785
27,094
53,665
356,999
543,363
581,106
81,041
28,249
56,059
378,015
29,307
58,974
406,707
140,236
72,101
18,033
13,176
28,611
8,315
151,122
78,082
19,270
14,026
31,004
8,740
160,565
83,250
20,420
14,546
33,433
8,915
855,529
12,187
628,525
24,502
29,511
53,886
106,918
897,422
12,348
655,497
25,715
32,367
58,031
113,464
12,567
682,968
25,911
35,342
62,206
120,166
136,067
28,427
Revised.
1. Per capita disposable personal income was computed using midyear population estimates of the Bureau of
the Census. Estimates for 1993-98 reflect State population estimates available as of March 1999.
NOTE.-The personal income level shown for the United States is derived as the sum of the State estimates.
15,851
122,434
219,885
456,565
264,511
170,034
977,559
292,419
121,876
214,329
5.4
1.6
4.8
4.6
3.5
3.8
4.1
26,346
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
™lian a n d mmV
Personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S.
August 1999 •
SURVEY OF CURRENT BUSINESS
65
Table 3.—Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
Percent change l
1997
Area name
United States .
New England
Connecticut
Maine ....
Massachusetts
New Hampshire
nnooe isiano
Vermont ,
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana ...
Michigan ,
Ohio
Wisconsin
Plains
Iowa .
Minnesota
Missouri..
Nebraska
North Dakota
South Dakota
Southeast ..
Alabama .
Arkansas
Florida ....
Georgia ..
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia ...
West Virginia
6,267,885 6,371,958 6,458,511 6,534,057 6,650,207 6,726,629 6,807,506 6,898,259 7,016,041 7,108,060 7,199,440 7,309,162 7,400,243
1998:1111998:1V
1998:1V-
1.5
1.2
446549
128,717
29,784
209,776
36,035
27,485
14,751
1.7
2.2
1.2
1.4
2.5
1.5
1.3
1.4
1.6
1.8
1.4
.7
1.2
1.2
1,221,939 1,239,455 1,252,383 1,267,238 1,287,567 1,293,436 1,309,439 1,325,328 1,345,232 1,364,051 1,380603 1,389,923 1,410,187
21,892
22,225
21,422
19,197
19,511
19,851
20,333
20,631
22,118
22,796
22,791
21,094
19,191
19,687
18,239
18,523
19,085
18,335
18,754
18,760
18,805
19,408
19,817
20,132
135,394 137,126 138,965 140,786 143,770 145,016 146,589 148,983 150,778 153,116 155,299 157,464 159,887
270,299 273,177 278,572 280,078 284,222
242,314 246,523 248,881 251,807 257,066 258,617 261,795
518,146 524,129 528,376 534,908 543,350 543,675 551,780 556,901 565,642 575,201 581,019 581,208 591,037
288,553 293,927 297,787 300,651 303,989 306,686 309,153 313,471 317,430 321,031 323,801 328,561 332,119
.7
2.6
.7
1.4
.5
0
1.5
1.5
0
1.6
1.5
1.5
1.7
1.1
1,033,181 1,049,582 1,063,248 1,072,178 1,089,113 1,102,312 1,112,380 1,126,771 1,143,432 1,155,114 1,163,136 1,185,908 1,195,478
309,028 313,062 317,189 320,562 325,749 330,416 333,657 338,040 342,467 346,668 350,023 356,961 359,353
126,763 128,944 130,774 131,798 133,919 135,408 136,348 138,619 140,635 142,285 143,902 146,627 147,324
228,900 233,068 235,053 237,261 240,467 243,025 245,370 247,430 253,117 254,683 253,375 258,980 261,651
252,328 256,354 260,082 261,262 266,151 269,084 271,385 275,181 278,627 280,966 283,518
291,226
116,163 118,155 120,149 121,295 122,827 124,378 125,620 127,501 128,587 130,512 132,318 134,771
135,924
2.0
2.0
1.9
2.2
1.8
1.9
.8
.7
.5
1.0
.9
71,070
68,058
134,863
136,370
42,356
14,261
17,057
2.5
3.6
2.5
2.7
.9
2.9
4.4
5.2
.4
-.2
.6
.4
1.0
-.4
-.7
-.2
1,509,533 1,535,161 1,557,124 1,580,149 1,601,518 1,623,020
90,626
91,987
92,976
94,041
95,265
96,128
50,338
50,874
51,403
51,790
52,984
53,235
370,723 377,760 383,881 389,957 395,019 401,636
182,310 186,808 189,851 193,919 196,882 199,947
81,777
83,283
84,440
85,430
86,183
86,947
90,811
91,958
93,334
93,822
94,605
95,565
50,330
51,250
51,828
52,680
53,374
53,807
175,453 178,542 180,852 183,188 185,561 188,281
79,071
79,995
81,170
82,960
84,033
85,501
124,284 125,583 127,546 129,172 130,676 132,686
179,473 182,445 184,931 187,900 191,467 193,490
34,337
34,676
34,911
35,290
35,796
1.4
1.3
2.3
1.3
1.5
.9
.8
1.3
1.3
1.3
1.2
1.9
.5
1.3
.9
.5
1.7
1.6
.9
1.0
.8
1.5
1.7
1.5
1.1
375,964
108,427
25,372
175,689
30,048
23,637
12,793
416,306
61,472
57,549
114,468
36,673
12,663
14,691
382,128
110,288
25,736
178,781
30,420
23,964
12,939
423,462
62,498
58,248
116,728
120,583
37,445
12,922
15,038
387,175
111,745
26,119
181,199
30,824
24,166
13,123
429,560
63,462
59,124
118,543
122,068
37,902
13,200
15,261
392,892
113,155
26,510
184,323
31,241
24,501
13,163
433,543
63,605
119,432
123,618
38,590
13,146
15,314
399,830
115,126
26,877
187,831
31,755
13,354
438,635
64,874
61,007
120,365
126,067
38,487
12,646
15,190
403,744
116,357
27,112
189,367
32,233
25,223
13,452
444,771
65,808
62,081
122,372
127,093
39,037
12,838
15,541
1,367,907 1,393,553 1,415,101 1,429,465 1,458,318 1,472,319
83,232
88,240
84,745
85,973
88,927
45,801
48,531
47,079
47,667
47,918
49,268
335,919 341,341 346,885 351,079 357,463 361,282
162,657 167,047 170,153 171,965 175,822 177,615
73,726
79,087
75,116
76,480
77,127
80,058
83,501
87,638
84,805
85,722
86,371
88,570
46,148
48,597
47,018
47,664
47,770
49,213
156,451 160,466 162,860 164,941 169,449 171,121
71,665
76,523
73,021
74,197
74,858
77,139
113,292 114,972 116,688 117,838 120,173 120,999
163,021 165,170 167,591
169,623 173,146 174,227
32,496
33,649
32,776
33,220
33,411
33,900
408,242
117,455
27,267
191,863
32,759
25,372
13,524
449,351
62,782
123,869
128,381
39,412
12,986
15,736
89,599
49,629
366,450
179,751
80,819
89,247
172,593
78,010
122,280
176,798
34,066
415,615
119,755
27,715
194,969
33,436
25,877
13,864
454,161
67,105
63,581
125,434
129,637
39,604
13,072
15,729
419,963
121,057
27,865
197,207
33,646
26,152
14,037
460,014
67,104
64,435
128,013
130,680
40,140
13,623
16,019
426,088
122,052
28,406
200,905
34,124
26,370
14,230
466,078
67,830
129,951
132,228
40,820
13,680
16,185
433,011
123,950
28,936
204,031
34,937
26,762
14,394
470,605
68,745
65,973
130,696
133,834
41,349
13,758
16,250
440,347
126,664
29,271
35,796
27,172
14,578
482,185
71,199
67,625
134,286
135,080
42,538
14,358
17,099
Southwest
Arizona
New Mexico ....
Oklahoma
Texas
599,717
91,202
31,354
62,456
414,706
92,667
31,711
63,496
422,062
619,199
94,349
32,005
64,260
428,586
95,347
32,233
64,788
435,840
97,748
32,780
66,453
446,628
655,242
99,234
33,202
67,024
455,782
666,522
100,914
33,404
67,623
464,580
676,461
102,744
33,689
68,676
471,352
692,740
104,765
34,239
69,562
484,174
702,120
106,967
34,543
70,257
490,352
713,181
109,091
34,800
70,847
498,443
723,371
111,522
35,431
71,211
505,206
733,102
112,691
35,845
71,852
512,713
1.4
2.2
1.8
.5
1.4
U
1.0
1.2
.9
1.5
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
181,968
94,993
22,895
16,241
37,718
10,121
185,700
96,947
23,412
16,457
38,618
10,265
98,644
23,613
16,648
39,284
10,418
191,273
100,356
23,751
16,836
39,802
10,528
194,734
101,986
24,167
17,007
40,836
10,737
198,098
104,199
24,524
17,182
41,410
10,783
201,433
106,206
24,894
17,349
42,087
10,897
204,128
108,182
25,017
17,565
42,393
10,972
209,209
111,925
25,426
17,547
43,288
11,023
211,736
113,255
25,622
17,786
44,070
11,004
214,437
114,793
26,076
17,728
44,561
11,278
219,191
117,823
26,480
18,246
45,269
11,372
221,802
118,947
26,987
18,351
45,949
11,569
2.2
2.6
1.5
2.9
1.6
1.2
1.0
1.9
.6
1.5
1.7
1,070,902 1,088,142 1,103,240 1,119,261 1,138,401 1,156,706 1,171,286 1,186,262 1,210,289 1,225,749 1,244,320 1,266,721 1,286,069
14,984
15,237
14,610
14,619
14,758
14,864
15,275
15,749
15,762
15,393
15,805
15,978
16,172
781,632 793,944 803,351
815,394 828,154 842,113 853,136 863,952 881,119 892,504 906,175 923,802 939,045
30,224
30,437
29,656
29,739
29,854
30,727
31,192
31,316
31,022
31,543
31,952
43,671
44,255
39,971
40,969
41,964
44,662
47,203
48,135
42,746
46,344
49,497
50,262
45,450
76,340
77,063
71,053
72,516
73,967
78,110
81,101
81,532
75,086
80,391
82,215
83,338
78,803
133,980 136,354 139,345 141,285 145,028 147,601 149,376 151,995 155,609 157,999 161,400 163,686 165,300
1.8
1.4
1.9
.7
2.8
.8
1.4
15
1.2
1.7
1.3
1.5
1.4
1.0
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
p Preliminary.
r
Revised.
1. Percent changes are expressed at quarterly rates.
NOTE.-The personal income level shown for the United States 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 of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NiPA estimate because, by definition, it omits the earnings of Federal
stationed
* £ " a n d mm* V™m*
* « * a n d o f U S - r e s i d e n t s « " » * * * * " * t e m P° r a r i | y b * P r i v a t e u s -
66 • August 1999
SURVEY OF CURRENT BUSINESS
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
New England
United States
Item
Line
1998
1997
1999
1998'
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
6,770,650
6,725,875
44,775
7,158,176 7,016,041 7,108,060 7,199,440 7,309,162 7,400,243
7,114,828 6,976,702 7,067,229 7,159,779 7,255,600 7,358,261
39,661
41,982
39,340
40,830
53,562
43,348
406,858
4,824,055
325,765
-3,812
4,494,478
1,165,828
1,110,344
19,502
1,090,842
5,169,822
346,910
-4,162
4,818,751
1,190,497
1,148,929
19,159
1,129,770
5,044,626 5,124,942 5,203,985 5,305,736 5,384,798
340,434 344,592 349,001
353,611
362,846
284,091
18,490
5,218
270,819
74,305
61,733
1,402
60,332
3,886,261
392,712
545,082
29,321
515,761
4,188,007 4,081,731 4,151,065 4,222,301
406,707
402,519
405,438
408,118
575,109
560,376
568,439
573,566
26,620
23,561
24,418
22,615
548,489
536,815
544,021
550,951
419,963
419,308
655
426,088
425,407
433,011
432,302
708
440,347
439,633
446,549
445,935
714
615
304,118
19,646
5,611
290,083
75,769
64,001
1,338
62,662
295,240
19,164
5,472
281,548
74,891
63,524
1,366
62,158
300,574 306,835
19,444
19,797
5,713
5,665
286,795 292,750
76,103
75,479
63,814 64,158
62,500
1,296
62,862
313,825
20,180
5,595
299,239
76,602
64,505
1,377
63,129
319,207
20,698
5,729
304,238
76,908
65,404
1,428
63,976
230,960 248,258
23,226
23,929
29,905 31,931
242
311
29,662 31,620
240,504
23,546
31,190
298
30,892
245,193
23,758
31,622
309
31,314
250,695
24,054
32,087
322
31,764
256,642
24,358
32,825
314
32,511
260,971
24,575
33,662
201
33,461
714
294,585
260,220
1,682
249
15,076
55,268
37,510
17,758
16,446
19,201
25,903
31,215
95,180
34,365
5,494
1,207
27,664
265,035
1,735
256
15,363
55,615
37,782
17,832
16,403
19,561
26,525
31,635
97,941
34,858
5,543
1,195
28,120
615
318,593
282,011
1,920
246
17,011
56,886
38,715
18,171
429,852
429,163
406,263
595
Derivation of Personal Income
Earnings by place of work (lines 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
-4,045
4,700,147
1,176,971
1,138,923
19,195
1,119,728
-4,117
4,776,233
1,186,108
1,145,719
19,183
1,126,536
-4,200
4,850,784
1,195,773
1,152,883
19,139
1,133,744
-4,285
4,947,839
1,203,134
1,158,189
19,119
1,139,070
-4,360
5,017,592
1,207,556
1,175,095
19,203
1,155,892
1,315
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor jncome
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
4,296,929 4,370,851
410,754 414,467
35,886
562,167
599,480
23,672
575,808
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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
,
».
,
,
53,562
41,982
39,340
40,830
44,775
43,348
4,779,280 5,126,474 5,005,287 5,084,111 5,164,324 5,252,174 5,342,816
4,064,270 4,382,393 4,272,864 4,343,932 4,416,112 4,496,663 4,574,861
33,852
31,985
35,637
32,985
36,680
30,233
33,615
44,406
44,573
44,064
44,105
42,335
42,619
44,287
307,194
293,067
315,162
299,944
323,624
274,893
303,842
900,079
895,982
904,535
898,345
910,276
856,058
899,735
557,021
556,606
561,077
557,180
563,534
526,522
557,971
343,058
339,377
343,458
341,166
346,742
329,536
341,765
353,910
346,566
361,497
349,614
363,629
330,559
352,897
332,762
321,321
339,683
327,348
342,728
305,592
330,278
472,156
456,152
479,740
464,756
486,613
439,206
468,201
462,922
477,006
452,999
491,582
411,415
458,153
1,373,695 1,491,386 1,443,535 1,473,836 1,508,832 1,539,341 1,577,395
748,212
755,510
740,180
767,955
715,010
744,081
732,423
136,892
138,114
136,084
142,737
134,273
136,648
135,501
47,482
48,081
47,517
47,064
48,105
47,609
47,536
563,837
548,841
556,578
570,333 577,114
533,128
559,897
595
283,496 303,429
249,694 268,287
1,562
234
13,952
53,595
36,276
1,760
256
15,583
56,076
38,121
17,956
16,642
19,758
26,846
17,320
15,417
18,397
25,239
29,118
92,180
33,802
5,454
1,244
32,359
99,006
35,142
5,584
1,192
28,366
27,104
New Hampshire
Line
708
306,126
270,812
1,756
263
15,665
56,409
38,279
18,130
16,602
19,774
27,143
32,615
100,584
35,315
313,111
277,080
1,866
254
16,229
57,014
38,912
18,103
17,115
20,497
27,813
33,972
102,321
36,030
5,609
5,691
1,188
28,518
1,179
29,160
17,327
20,487
28,023
35,126
104,985
36,581
5,830
1,193
29,558
Rhode island
Item
1997
1997
1998-
Income by Place of Residence
25,340
25,306
34
26,614
26,576
38
26,152
26,114
38
26,370
26,331
16,113
17,102
1,330
1,081
16,852
4,384
5,378
140
5,237
16,725
1,308
1,039
16,456
4,348
5,348
149
5,199
13,360
1,258
1,496
23
1,473
14,236
1,283
34
16,079
38
17,064
14,365
116
10
862
3,128
2,066
1,062
34,626
34,573
53
33,646
33,594
52
34,124
34,071
52
34,937
34,885
53
35,796
35,742
54
36,035
32,501
44
21,242
1,493
2,663
22,411
5,970
4,164
34
4,131
23,007
1,605
2,842
24,244
6,085
4,298
33
4,265
22,154
1,552
2,762
23,364
6,017
4,264
31
4,233
22,497
1,572
2,850
23,775
6,062
4,287
32
4,255
23,268
1,621
2,870
24,517
6,110
4,311
33
4,277
24,109
1,676
2,884
25,318
6,149
4,329
35
4,294
24,216
1,696
2,965
25,486
6,174
4,375
27
4,348
15,837
4,329
5,174
155
5,019
16,982
1,797
2,462
18
2,444
18,483
1,874
2,651
24
2,627
17,750
1,825
2,579
25
2,554
18,055
1,840
2,602
24
2,578
18,707
1,895
2,666
23
2,643
19,418
1,936
2,755
24
2,732
19,480
1,930
2,807
15
2,792
44
21,197
18,812
1,237
4,894
3,529
1,366
1,260
1,497
2,475
1,449
5,866
2,385
381
44
1,960
1,454
5,169
3,755
1,414
1,376
1,636
2,682
1,650
6,379
2,452
387
42
2,023
52
22,102
19,695
131
19
1,355
5,006
3,583
1,423
1,335
1,579
2,580
1,548
6,143
2,407
383
42
1,981
52
22,444
19,985
131
20
1,360
5,079
3,671
1,408
1,333
1,582
2,618
1,578
6,285
2,459
388
42
2,029
53
23,215
115
20
53
22,954
20,502
136
20
54
24,055
21,536
148
22
1,621
5,213
3,818
1,394
46
24,170
21,586
154
19
1,657
5,243
3,889
1,353
1,456
1,663
2,751
1,747
6,896
2,584
396
43
2,146
32,546
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
35,989
46
26,762
26,724
27,172
27,134
37
27,485
27,458
27
16,872
1,315
1,078
16,635
4,371
5,364
139
5,225
17,229
1,339
1,090
17,583
1,361
1,115
17,338
4,421
5,413
140
5,273
17,824
1,393
1,135
17,566
4,435
5,484
146
5,338
13,900
1,271
1,554
27
1,527
14,035
1,270
1,567
27
1,539
14,355
1,289
14,654
1,301
1,628
25
1,603
1,313
1,643
14
1,628
38
39
16,833
37
17,546
14,790
123
10
27
17,797
15,027
126
10
39
Derivation of Personal Income
Earnings by place of work (lines 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
4,396
5,386
133
5,253
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Fflrm proprietors' incoms
Nonfarm proprietors' income
*..
1
i?
1,557
«»
1,558
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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.
.'
....
20,793
135
19
1,483
5,379
3,948
1,431
1,388
1,618
2,681
1,645
6,446
2,423
380
42
2,001
1,446
1,763
2,850
1,829
6,643
2,520
396
42
2,082
13,450
106
3,068
1,946
1,122
827
818
1,501
1,196
5,162
1,586
1,408
5,511
2,629
534
226
2,699
526
220
1,953
16,687
13,990
109
10
838
3,154
2,093
14,145
115
10
830
3,103
2,029
1,061
860
823
1,546
1,074
871
848
1,570
1,307
5,344
2,697
515
220
1,962
1,350
5,448
2,688
520
220
1,947
17,190
14,535
117
10
850
3,152
2,088
1,064
896
856
1,606
1,419
5,628
2,656
531
219
1,906
932
922
3,102
2,053
1,049
2,097
3,171
907
1,075
916
914
1,621
936
1,627
1,557
5,624
2,755
1,602
5,716
2,770
555
223
1,992
538
220
August 1999
SURVEY OF CURRENT BUSINESS
•
67
1999
Line
and Earnings by Industry, 1997-1999:1'
adjusted at annual rates]
1998
1997
1998
1999
1—ii—I—jjj
1998'
Massachusetts
Maine
Connecticut
1997
—I
IV
1998'
1998
1999
1997
T—
IV
III-
1998'
\p
—IK—
—iiT~~
IV
\p
117,173
117,009
123,431
123,261
121,057
120,899
122,052
121,885
123,950
123,769
126,664
126,491
128,717
128,564
27,243
27,181
28,620
28,528
27,865
27,779
28,406
28,319
28,936
28,847
29,271
29,168
29,784
29,685
191,008
190,826
202,252
202,087
197,207
197,055
200,905
200,740
204,031
203,856
206,866
206,697
209,776
209,630
164
170
158
168
181
173
153
61
91
85
87
89
104
99
181
165
152
164
175
169
147
80,012
5,120
4,533
79,424
22,300
15,449
85,206
5,403
4,888
84,691
22,703
16,037
83,237
5,307
4,754
82,684
22,450
15,923
83,815
5,321
4,956
83,451
22,618
15,984
85,491
5,410
4,995
85,076
22,797
16,077
88,280
5,574
4,848
87,554
22,945
16,165
90,011
5,732
4,966
89,245
23,036
16,436
17,940
1,281
19,084
1,349
18,381
1,305
18,900
1,337
19,390
1,370
19,664
1,383
20,114
1,427
254
280
269
273
283
296
291
16,913
4,717
5,613
18,015
4,790
5,815
17,345
4,744
5,775
17,836
4,774
5,797
18,303
4,805
5,828
18,577
4,836
5,859
18,978
4,854
5,952
139,516
8,690
-3,305
127,522
34,296
29,190
149,796
9,286
-3,573
136,937
35,061
30,254
145,047
9,032
-3,437
132,578
34,618
30,011
148,625
9,230
-3,578
135,816
34,918
30,171
151,465
9,380
-3,621
138,464
35,236
30,331
154,047
9,502
-3,657
140,888
35,473
30,504
156,752
9,749
-3,731
143,272
35,619
30,885
350
314
343
307
298
310
342
105
91
103
90
84
87
95
708
715
692
702
704
760
770
15,099
15,723
15,580
15,677
15,779
15,855
16,095
5,508
5,724
5,673
5,707
5,744
5,771
5,857
28,481
29,540
29,319
29,469
29,627
29,744
30,115
64,707
6,614
8,691
69,120
6,793
9,293
67,425
6,734
9,077
67,920
6,710
9,185
69,355
6,780
9,357
71,780
6,948
9,552
73,164
7,023
9,823
14,328
1,518
2,093
15,273
1,544
2,267
14,678
1,507
2,196
15,107
1,537
2,256
15,545
1,565
2,280
15,761
1,567
2,335
16,119
1,593
2,402
114,257
11,244
14,015
123,322
11,619
14,855
119,130
11,401
14,517
122,314
11,587
14,724
124,834
11,705
14,926
127,011
11,784
15,252
129,185
11,888
15,679
68
67
60
66
76
64
40
-14
10
9
7
6
18
10
86
63
55
64
71
60
34
8,623
9,226
9,016
9,119
9,281
9,488
9,783
2,107
2,257
2,188
2,249
2,273
2,317
2,391
13,929
14,792
14,462
14,660
14,855
15,192
15,645
164
170
158
168
181
173
153
61
91
85
87
89
104
99
181
165
152
164
175
169
147
79,848
71,049
85,036
75,972
83,079
74,242
83,648
74,778
85,310
76,271
88,107
78,598
89,858
80,197
17,878
14,947
18,993
15,937
18,296
15,332
18,813
15,783
19,301
16,168
19,560
16,467
20,015
16,853
139,335
123,683
149,631
133,221
144,895
128,853
148,460
132,093
151,290
134,675
153,878
137,262
156,606
139,769
414
101
468
112
450
110
458
111
468
121
496
108
512
107
178
5
205
6
194
6
203
5
206
6
218
6
224
6
690
76
764
82
731
81
758
85
761
81
807
82
829
82
3,748
16,443
11,592
4,850
4,147
5,317
6,268
10,456
24,156
8,799
1,051
3,980
17,245
12,094
5,151
4,534
5,510
6,609
11,724
25,791
9,064
1,061
3,950
17,062
11,963
5,099
4,590
5,396
6,402
11,323
24,959
8,837
1,050
3,908
17,016
11,845
5,171
4,470
5,532
6,514
11,354
25,415
8,870
1,052
4,009
17,177
12,071
5,106
4,456
5,422
6,725
11,694
26,199
9,039
1,067
4,052
17,725
12,496
5,229
4,618
5,691
6,795
12,523
26,590
9,509
1,074
4,221
17,731
12,483
5,248
4,648
5,729
6,908
13,022
27,319
9,661
1,111
1,158
3,363
1,632
1,731
1,068
1,291
3,416
1,672
1,744
1,139
1,013
2,299
1,292
5,278
3,055
1,185
3,321
1,601
1,720
1,147
1,304
3,419
1,717
1,702
1,121
1,325
3,469
1,703
1,766
1,130
1,024
2,348
1,300
5,361
3,133
1,349
3,455
1,666
1,789
1,156
1,064
2,365
1,359
5,497
3,093
1,442
3,498
1,670
1,828
1,174
1,070
2,380
1,428
5,630
3,162
6,414
23,930
16,198
7,732
7,583
9,324
11,855
14,337
49,475
15,652
2,649
7,275
25,114
17,060
8,054
8,136
10,251
12,636
15,734
53,228
16,410
2,719
7,032
24,715
16,781
7,934
7,945
9,967
12,161
15,251
50,970
16,042
2,673
7,204
25,007
17,054
7,953
8,041
10,114
12,524
15,554
52,805
16,368
2,704
7,308
25,194
16,968
8,226
8,144
10,361
12,740
16,002
54,084
16,615
2,730
7,557
25,539
17,436
8,104
8,414
10,562
13,120
16,128
55,053
16,616
2,768
7,991
25,309
17,191
8,118
8,555
10,577
13,296
16,723
56,407
16,836
2,828
968
2,149
1,163
4,894
2,932
964
999
2,210
1,258
5,048
2,964
2,272
1,252
5,208
3,030
384
345
359
349
337
334
337
603
204
637
204
625
204
627
202
643
206
654
206
674
210
7,364
7,658
7,428
7,468
7,634
8,101
8,213
2,124
2,214
2,136
2,201
2,285
2,234
2,279
19$8
1997
II'
341
340
343
338
340
13,028
13,323
13,542
13,510
13,668
IV
III'
1997
lr
13,549
13,439
14,309
14,137
14,037
13,867
14,230
14,060
14,394
14,222
14,578
14,400
14,751
14,609
109
172
170
170
172
177
143
9,268
9,923
9,696
9,864
9,991
10,142
10,290
636
81
673
94
660
85
669
86
678
96
685
108
703
104
8,712
2,693
2,143
9,344
2,747
2,219
9,121
2,713
2,203
9,282
2,736
2,213
9,409
2,760
2,225
9,565
2,778
2,235
9,691
2,789
2,271
49
45
48
45
43
44
48
2,094
2,174
2,154
2,167
2,181
2,191
2,223
7,325
7,825
7,621
7,762
7,899
8,018
8,154
795
816
808
814
820
821
827
1,148
1,283
1,267
1,288
1,273
1,303
1,308
1398
1999
1998'
I"
1999
I*
1,345,232 1,364,051
1,343,276 1,362,007
1,956
2,045
1,380,603
1,378,536
2,067
1,389,923
1,387,707
2,215
1,410,187
1,408,187
2,000
20,946
20,861
22,258
22,117
21,892
21,759
22,118
21,973
22225
22,085
22,796
22,651
22,791
22,680
85
141
133
145
140
145
111
17,659
1,100
-1,271
15,288
3,969
3,000
17,327
1,083
-1,251
14,993
3,927
2,972
17,524
1,092
-1,261
15,171
3,955
2,993
17,550
1,090
-1,237
15,224
3,985
3,016
18,233
1,133
-1,336
15,763
4,011
3,021
18,111
1,133
-1,279
15,698
4,029
3,064
I-
II-
IV
III'
1,303,943
1,302,525
1,417
1,369,952
1,367,881
2,071
920,354
61,533
-12,123
346,698
231,651
225,593
4,752
220,841
980,414
65,052
-12,979
902,382
235,242
232328
4,449
227,879
958,200
63,886
-12,712
881,602
233,115
230,515
4,587
225,929
975,642
64,840
-13,001
897,801
234,521
231,729
4,478
227,251
990,550
65,659
-13,266
911,626
236,024
232,954
4,303
228,651
997,263
65,823
-12,939
918,501
237,307
234,115
4,430
229,685
1,015,771
67,664
-13,343
934,764
238,128
237,295
4,343
232,952
16,318
1,022
-1,148
14,148
3,896
2,903
62
63
64
65
67
57
50
2,841
2,937
2,908
2,928
2,949
2,964
3,014
747,745
73,242
99,368
800,306
75,255
104,852
780,626
74,525
103,049
796,067
75,311
104,264
809,607
75,753
105,191
814,925
75,432
106,906
830,531
76,252
108,988
12,911
1,431
1,976
14,039
1,495
2,125
13,739
1,489
2,099
13,913
1,495
2,116
13,943
1,469
2,138
14,561
1,525
2,147
14,434
1,491
2,186
62
121
121
120
119
123
87
280
846
801
843
819
922
663
57
110
104
115
109
112
78
1,162
1,146
1,169
1,153
1,180
1,222
99,087
104,006
102,248
103,421
104,372
105,984
108,325
1,919
2,015
1,995
2,001
2,029
2,034
2,108
1,417
318,937
777,632
3,911
2,197
41,491
132,230
65,987
66,243
60,209
56,045
70,486
22,219
288,844
41,305
34,714
4,183
02,408
2,071
978,343
832,172
4,271
2,345
45,076
137,846
68,662
69,185
63,390
60,247
74,222
133,314
311,461
146,170
35,514
4,217
106,440
1,956
956,244
812,267
4,148
2,304
44,037
137,228
68,775
68,453
62,205
58,765
72,450
129,585
301,545
143,976
35,376
4,243
104,357
2,045
973,597
828,270
4,215
2,303
44,595
138,368
69,165
69,203
63,350
59,715
73,607
133,741
308,375
145,327
35,386
4,202
105,739
2,067
988,484
840,754
4,270
2,402
45,593
138,110
68,404
69,706
63,348
60,978
74,678
135,777
315,599
147,729
35,541
4,225
107,963
2,215
995,048
847,398
4,450
2,369
46,078
137,680
68,304
69,376
64,656
61,531
76,154
134,155
320,325
147,649
35,751
4,199
107,700
2,000
1,013,771
863,586
4,569
2,316
47,591
138,564
68,717
69,847
64,551
61,931
77,209
138,759
328,096
150,185
36,971
4,299
108,915
172
170
170
172
177
143
9,751
8,289
9,526
8,107
9,694
8,251
9,820
8,371
9,964
8,427
10,147
8,579
60
23
631
70
25
720
67
24
717
70
24
758
70
26
690
73
27
718
75
24
778
1,897
1,378
2,005
1,475
2,010
1,489
1,992
1,465
2,039
1,502
1,981
1,443
1,934
1,385
519
531
473
992
518
530
575
488
520
569
472
526
567
486
537
588
493
538
574
503
549
577
512
1,034
1,005
1,028
1,043
1,062
1,061
551
528
547
555
576
603
2,628
1,407
2,819
1,462
2,717
1,419
2,780
1,443
2,866
1,449
2,914
1,537
3,016
1,568
236
41
255
40
248
41
252
40
258
40
260
40
267
41
1,130
1,167
1,129
1,151
1,151
1,237
1,260
85
141
133
145
140
145
111
16,233
14,263
17,518
15,436
17,194
15,151
17,379
15,313
17,411
15,297
18,088
15,983
17,999
15,850
67
9
78
9
72
9
75
9
80
9
83
9
85
9
1,148
4,323
1,215
4,571
1,021
3,550
1,192
4,672
1,031
3,641
1,244
4,368
3,430
1,209
4,542
1,031
3,511
1,187
4,556
1,079
3,477
1,305
4,374
1,017
3,357
725
624
784
669
783
644
761
661
776
675
816
694
827
699
1,351
1,445
2,509
4,192
2,082
1,396
2,439
4,022
2,044
1,417
2,427
4,100
2,066
1,456
2,404
4,285
2,114
1,511
2,767
4,361
2,105
1,539
2,541
4,471
2,149
893
3
109
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
3,767
1,970
Line
\P
IV
1,087
9,159
7,752
12
13
14
15
16
1998'
III'
II-
4
5
6
7
8
9
10
11
Delaware
1S198
1999
1998'
I'
341
13,351
Mideast
Vermont
1997
345
12,657
1
2
3
993
3,376
248
163
251
160
252
162
252
159
252
159
248
159
263
162
1,559
1,671
1,630
1,655
1,702
1,699
1,724
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
SURVEY OF CURRENT BUSINESS
68 • August 1999
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
District of Columbia
Line
Item
Maryland
1999
1998
1998
1997
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
18,919
19,526
18,919
0
19,526
0
35,024
2,259
-50,939
3,959
68
37,129
2,379
-22,457
12,293
3,159
4,074
60
3,891
4,014
3,140
4,053
64
3,990
30,129
2,620
2,275
0
2,275
32,064
2,685
2,380
0
2,380
0
35,024
20,877
330
0
37,129
22,617
17
422
966
16
434
19,191
19,191
0
19,408
19,408
0
36,297
2,338
-21,962
11,997
36,801
2,362
-22,248
12,191
3,151
19,687
19,687
0
19,817
19,817
0
20,132
20,132
0
37,744
2,416
38,543
2,479
-23,256
12,808
3,193
4,131
54
4,077
91,509
6,250
14,065
99,324
25,325
21,441
341
21,099
15,142
106,078
25,798
22,288
314
21,974
146,090
145
t
153,116
152,738
378
155,299
154,927
372
157,464
157,061
403
159,887
159,567
320
96,743
6,559
98,314
15,381
21,782
25,897
22,352
303
22,050
100,287
6,754
15,429
108,962
26,063
22,439
287
22,152
102,284
14,979
105,163
25,706
22,246
334
21,912
83,903
7,345
9,038
273
8,765
85,707
7,439
9,138
186
8,952
320
101,964
81,216
613
154,164
153,789
375
150,778
97,538
6,602
94,809
150,432
346
Derivation of Personal Income
Earnings by place of work (lines 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
11,825
3,135
4,066
60
4,006
4,081
58
4,023
37,674
2,400
-22,733
12,541
3,181
4,094
58
4,036
31,299
2,659
2,339
0
2,339
31,765
2,674
2,362
0
2,362
32,632
2,722
2,391
0
2,391
32,560
2,686
2,427
0
2,427
33,333
2,731
2,479
0
2,479
76,260
7,052
8,197
121
8,076
81,482
7,245
8,811
252
8,559
79,058
7,130
8,621
230
8,390
80,770
7,228
8,745
258
8,487
82,198
7,277
8,839
246
8,592
0
36,297
21,959
296
16
432
1,000
0
36,801
22,319
303
17
433
1,080
195
885
1,179
0
37,744
23,175
0
37,674
23,015
0
38,543
23,398
375
97,163
372
97,942
403
77,177
284
15
437
1,012
176
836
1,217
290
346
94,463
74,660
542
92
378
96,365
76,230
288
15
434
1,117
165
951
1,164
298
901
2,414
16,544
14,569
11,880
740
1,948
235
91,274
72,029
514
81
6,242
8,329
4,482
3,847
5,298
5,177
8,677
7,449
30,264
19,245
7,889
1,349
10,007
6,520
8,714
4,743
3,971
5,515
5,357
8,940
7,464
31,516
19,803
8,199
1,375
10,228
6,590
8,751
4,778
3,974
5,560
5,440
9,087
8,245
31,915
20,134
8,251
1,355
10,528
79,628
597
99
7,057
8,852
4,673
4,179
5,663
5,633
9,474
8,483
33,771
20,256
8,399
1,351
10,506
-22,885
12,443
3,163
6,449
14,779
103,138
25,527
22,112
331
6,646
107,049
6,959
15,657
110,982
26,164
22,741
267
22,474
Earnings by Place of Work
Components of earnings:
wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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
118
848
1,347
312
874
2,015
14,595
14,146
11,568
728
1,850
Services
Government and government enterprises
Federal, civilian
Military
State and local
»
293
1,052
165
887
1,227
327
913
2,299
16,055
14,512
11,846
738
1,928
125
876
1,348
332
907
2,125
15,504
14,339
11,766
744
1,829
339
908
2,307
15,752
14,482
11,808
738
1,937
339
936
2,353
16,421
14,659
11,931
728
2,000
15
448
982
177
805
1,231
301
931
2,429
16,771
15,145
12,389
751
2,005
76,924
567
94
6,738
8,743
4,711
4,032
5,587
5,490
9,160
8,079
32,466
20,240
8,288
1,360
10,591
90
100
7,210
8,680
4,572
4,108
5,701
5,727
9,587
8,912
34,686
20,748
8,702
1,398
10,649
Illinois
Great Lakes
Item
Line
578
96
6,786
8,653
4,651
4,002
5,610
5,531
9,139
8,123
32,660
20,765
8,303
1,360
11,102
551
1998
1999
1997
1998
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
1,107,644 1,161,897
1,102,867 1,158,164
4,776
3,734
1,143,432
1,140,526
2,906
331,966
330,294
1,672
349,029
348,029
1,000
342,467
341,818
346,668
346,029
359,353
354,965
638
350,023
349,304
718
356,961
649
357,978
1,375
877,012
241,851
257,283
15,633
-434
16,572
-927
821,759
225,384
239,784
61,210
48,035
1,072
251,504
16,312
-916
234,276
255,161
16,492
-921
237,748
257,870
16,593
-892
240,385
264,597
58,667
3,415
60,502
47,689
60,983
47,937
61,490
1,126
47,121
246,728
61,865
48,368
1,034
47,334
210,955
20,791
26,125
351
25,773
215,652
21,019
27,926
1,615
26,311
217,280
21,010
27,977
984
26,994
1,996
1,375
264,892
233,754
1,155,114 1,163,136 1,185,908 1,195,478
1,152,040 1,160,049 1,180,039 1,191,392
3,074
3,086
1,996
Derivation of Personal Income
Earnings by place of work (lines 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
799,305
53,578
3,120
748,846
187,065
171,732
3,485
168,247
847,437
56,496
3,327
794,268
190,482
177,148
3,417
173,731
831,904
55,805
3,233
779,332
188,330
175,770
3,380
172,391
841,687
56,252
3,321
788,757
189,789
176,568
3,269
173,299
846,671
56,382
3,410
191,331
178,106
3,845
174,261
57,548
3,346
815,286
192,475
178,147
3,175
174,972
659,446
69,682
70,177
2,922
67,255
702,900
71,912
72,624
1,707
70,918
689,597
71,726
70,581
994
69,587
71,832
71,492
1,085
70,407
71,497
72,205
1,020
71,184
4,776
794,528
3,734
843,703
739,539
4,115
2,597
49,481
220,054
152,572
67,483
51,729
56,371
73,914
63,686
217,593
104,164
2,906
3,074
838,612
726,123
3,891
734,301
4,063
2,523
49,057
3,086
843,584
739,202
4,056
2,655
49,874
216,952
149,750
67,202
51,901
56,443
74,143
180,549
3,330
177,219
46,593
720,674
72,595
76,219
3,727
72,492
728,317
72,764
75,930
1,887
74,044
4,086
863,619
758,530
4,450
872,926
766,811
1,163
45,430
48,148
1,027
46,963
46,563
1,103
46,834
196,087
20,270
25,494
1,342
24,152
210,223
20,828
26,232
640
25,592
205,528
20,701
25,275
309
24,966
208,756
20,803
25,602
285
25,316
1,672
240,179
210,648
1,126
735
13,164
47,810
29,071
18,740
17,773
17,357
19,568
23,927
69,187
29,531
4,611
1,199
23,722
1,000
256,283
225,553
1,270
725
14,246
49,197
29,760
19,437
18,850
18,550
20,681
26,421
75,613
30,730
649
250,856
220,647
254,523 257,152 262,601
4,677
4,668
1,251
24,289
266,267
17,165
-954
248,148
62,087
49,118
1,114
48,004
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfflrm propriGtors incomG .*...»..#.
*
*.*
«.«•.•.
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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.
3,690
2,509
45,439
211,109
146,539
64,570
48,617
52,595
69,785
57,813
202,129
100,843
14,244
2,484
84,116
2,511
87,055
2,593
48,166
221,256
153,953
67,303
50,461
55,012
72,072
61,309
211,362
102,875
14,433
2,530
85,912
219,653
152,619
67,035
51,088
55,964
74,004
62,413
215,537
104,311
14,512
219,796
104,382
2,492
14,630
2522
87,307
87,230
2,616
50,828
222,356
153,966
53,465
58,066
75,435
67,640
223,675
105,088
14,817
2,501
87,771
4,585
2,548
51,707
222,993
153,848
69,145
53,420
58,726
76,579
68,051
228,202
106,115
15,330
2,503
88,282
1,251
24,801
1,195
709
13,656
49,709
30,285
19,424
18,341
18,214
20,150
25,819
72,853
30,209
638
223825
1,242
686
13,924
718
226,128
1,238
774
14,622
49,565
30,194
19,371
18,600
18,452
20,854
25,928
74,573
30,698
4,648
1,229
24,821
29,292
19,316
18,975
18,531
20,747
25,881
76,754
31,024
4,679
1,269
25,075
231,613
1,404
732
14,781
48,906
29,268
19,638
19,486
19,005
20,974
28,055
78,271
4,713
1,256
25,018
1,445
708
15,040
48,991
29,157
19,834
19,586
19,284
21,297
27,457
79,948
31,137
4,868
1,232
25,038
SURVEY OF CURRENT BUSINESS
69
August 1999
and Earnings by Industry, 1997-1999:1*—Continued
adjusted at annual rates]
New York
Mew Jersey
1998
1997
1997
1998'
K
IK
1999
1998
1997
1998'
\p
IV
III'
'ennsylvania
1998
1999
K
IK
III'
IV
1999
Line
1998'
I"
K
IK
III'
IV
\P
260,736
260,536
275,531
275,331
270,299
270,108
273,177
272,979
278,572
278,369
280,078
279,868
284,222
284,017
548,927
548,594
575,768
575,201
565,642
565,119
575,201
574,662
581,019
580,459
581,208
580,563
591,037
590,429
308,325
307,760
322,706
321,918
317,430
316,668
321,031
320,246
323,801
323,009
328,561
327,748
332,119
331,363
200
200
191
197
203
210
205
333
567
524
539
560
645
608
565
788
762
785
792
813
756
1
2
3
171,907
11,977
16,133
176,063
49,708
34,965
1,126
33,839
184,532
12,751
17,067
188,848
50,528
36,156
1,061
35,095
180,065
12,503
16,724
184,287
50,072
35,940
1,143
34,797
181,941
12,585
17,366
186,722
50,373
36,081
1,082
34,999
187,487
12,946
17,144
191,686
50,694
36,193
35,213
188,632
12,970
17,034
192,696
50,971
36,411
1,040
35,371
192,114
13,330
17,394
196,178
51,137
36,907
1,037
35,869
396,903
25,578
-21,719
349,606
95,426
103,896
1,713
102,183
422,391
27,011
-23,162
372,219
96,894
106,656
1,549
105,107
413,014
26,539
-22,623
363,852
96,042
105,748
1,599
104,150
422,859
27,104
-23,481
372,274
96,610
106,317
1,518
104,799
427,616
27,333
-23,454
376,829
97,214
106,976
1,490
105,486
426,075
27,068
-23,089
375,918
97,709
107,581
1,587
105,994
435,407
27,922
-23,658
383,828
98,021
109,187
1,590
107,597
208,694
14,447
1,486
195,733
54,162
58,430
1,441
56,989
221,165
15,210
1,701
207,657
54,894
60,155
1,402
58,753
216,687
14,973
1,621
203,334
54,406
59,690
1,386
58,303
219,773
15,138
1,644
206,280
54,726
60,025
1,418
58,608
221,839
15,229
1,784
208,395
55,071
60,336
1,405
58,930
226,362
15,499
1,756
212,620
55,372
60,569
1,400
59,169
229,313
15,841
1,799
215,270
55,583
61,266
1,344
59,921
4
5
6
7
8
9
10
11
141,306
13,838
16,763
152,688
14,301
17,542
148,699
14,131
17,235
150,371
14,156
17,414
155,356
14,501
17,629
156,325
14,417
17,890
159,274
14,573
18,268
320,391
29,850
46,663
342,380
30,679
49,333
334,122
30,395
48,498
342,821
30,930
49,109
347,218
30,936
49,462
345,358
30,455
50,262
353,160
30,925
51,323
166,748
18,452
23,494
177,653
18,850
24,663
173,709
18,720
24,258
176,427
18,828
24,518
178,259
18,848
24,732
182,217
19,004
25,142
184,625
19,094
25,594
12
13
14
15
16
980
58
47
47
47
47
48
38
-79
124
106
105
109
177
124
124
313
314
319
308
311
237
16,705
17,495
17,188
17,367
17,582
17,841
18,230
46,741
49,208
48,392
49,004
49,353
50,085
51,199
23,370
24,350
23,944
24,200
24,425
24,831
25,357
200
200
191
197
203
210
205
333
567
524
539
560
645
608
565
788
762
785
792
813
756
171,707
147,584
184,331
159,143
179,874
154,997
181,744
156,644
187,284
161,904
188,423
163,025
191,909
166,260
396,571
340,761
1,279
421,824
364464
1,419
412,491
355,966
1,378
422,320
365,401
1,391
427,056
368,857
1,418
425,430
367,632
1,487
434,800
376,164
1,524
208,129
182,118
1,519
11,886
43,468
25,371
18,097
14,280
11,984
19,384
15,990
62,634
26,011
5,142
220,377
193,589
1,099
1,628
12,698
45,017
26,220
18,796
15,233
12,772
20,262
17,681
67,201
26,788
5,202
215,924
189,534
1,054
1,588
12,304
44,922
26,392
18,530
14,888
12,496
19,855
17,108
65,321
26,390
5,274
218,988
192,362
1,086
1,592
12,576
45,113
26,289
18,824
14,998
12,662
20,142
17,530
66,663
26,626
5,189
221,047
194,344
1,099
1,686
12,845
45,210
26,268
18,943
15,194
12,864
20,251
17,621
67,574
26,703
5,160
225,549
198,115
1,156
1,645
13,066
44,821
25,933
18,888
15,851
13,066
20,800
18,463
69,247
27,434
5,184
228,556
200,698
1,189
1,599
13,494
44,917
26,050
18,868
15,504
13,084
21,106
19,136
70,669
27,858
5,306
747
236
816
264
806
263
809
258
806
265
843
271
868
270
7,772
26,874
9,685
17,189
15,123
15,158
13,674
15,230
52,769
24,123
3,332
8,199
28,083
9,993
18,091
15,707
16,700
14,318
17,689
57,367
25,189
3,318
8,109
27,762
10,030
17,732
15,345
16,178
14,139
17,014
55,382
24,877
3,300
8,116
27,754
9,786
17,968
15,645
16,433
14,221
16,703
56,706
25,100
3,308
8,333
28,614
10,155
18,459
15,892
16,926
14,427
18,144
58,496
25,380
3,324
8,237
28,203
10,001
18,203
15,945
17,262
14,484
18,894
58,885
25,397
3,339
8,445
28,363
10,025
18,338
16,015
17,435
14,743
19,805
60,317
25,649
3,457
336
334
336
337
331
330
324
14,021
48,270
25,438
22,832
23,437
22,790
26,527
79,285
124,816
55,809
6,535
15,798
50,410
26,542
23,868
24,852
24,290
28,125
85,058
134,180
57,360
6,609
15,458
50,259
26,465
23,794
24,326
23,759
27,214
83,435
129,801
56,524
6,584
15,689
50,997
27,086
23,912
25,207
24,178
27,834
86,529
133,238
56,919
6,579
15,951
50,147
26,172
23,975
24,712
24,684
28,504
87,071
136,039
58,199
6,622
16,093
50,236
26,444
23,792
25,164
24,537
28,948
83,195
137,641
57,798
6,649
16,688
51,247
26,876
24,371
25,274
24,685
29,303
85,937
141,182
58,636
6,855
973
511
522
521
515
528
524
530
896
917
913
916
917
920
929
536
521
529
519
520
517
530
20,280
21,349
21,056
21,277
21,528
21,534
21,663
48,379
49,835
49,027
49,424
50,659
50,229
50,852
20,333
21,065
20,587
20,918
21,023
21,733
22023
Michigan
Indiana
1998
1997
1997
1998'
K
IK
III'
IV
Ohio
1998
1999
\P
1999
1998
1997
1998-
K
IK
III'
\P
IV
1999
lr
II'
III'
IV
\P
270,450
268,972
1,479
282,920
281,802
1,118
278,627
277,596
1,031
280,966
279,878
1,088
283,518
282,548
970
288,569
287,187
1,383
291,226
290,154
1,072
1
2
3
194,487
13,618
-1,576
179,293
43,271
47,886
205,520
14,314
-1,689
189,517
44,056
49,347
201,852
14,138
-1,653
186,062
43,608
48,958
203,735
14,213
-1,660
187,862
43,907
49,197
205,681
14,309
-1,686
189,686
44,226
49,606
210,811
14,595
-1,756
194,460
44,484
49,626
212,989
14,898
-1,777
196,314
44,644
50,268
4
5
6
7
8
9
10
11
143,362
142,612
140,635
140,065
142,285
141,678
143,902
143,280
244,073
243,570
255,039
254,672
253,117
252,867
254,683
254,399
253,375
253,037
258,980
258,387
261,651
261,296
751
570
607
622
146,627
145,424
1,203
147,324
146,374
958
950
503
366
250
284
338
593
355
98,835
6,713
2,672
94,794
21,046
20,234
105,377
7,132
2,840
101,086
21,476
20,801
103,002
7,012
2,783
98,772
21,228
20,635
104,404
7,084
2,822
100,142
21,399
20,744
105,709
7,154
2,857
101,413
21,579
20,910
108,394
7,277
2,898
104,015
21,699
20,912
108,816
7,387
2,945
104,374
21,773
21,176
175,715
11,821
185,223
12,378
184,171
12,383
185,299
12,412
182,724
12,186
188,697
12,531
190,974
12,817
792
857
817
839
889
884
888
164,686
41,103
38,284
173,702
41,682
39,655
172,606
41,203
39,308
173,727
41,528
39,428
177,050
42,124
39,807
179,045
42,271
40,335
859
906
688
653
632
622
767
591
617
38,948
39,429
47,199
48,694
48,326
48,575
48,839
49,035
49,651
159,632
17,030
12,036
161,863
17,128
11,982
-214
12,196
160,815
16,040
17,632
1,205
16,427
170,978
16,465
18,077
167,732
16,419
17,701
169,411
16,399
17,925
171,290
16,409
17,982
177,577
16,691
18,721
820
750
796
666
17,257
16,952
17,130
17,317
175,480
16,632
18,699
1,067
17,631
1,479
193,008
167,890
1,118
204,402
178,361
1,031
200,821
174,962
1,088
202,646
176,533
204,711
178,932
1,383
209,428
183,015
1,032
1,072
211,917
185,213
1,061
249
262
244
253
313
237
251
919
972
911
838
19,985
20,539
20,391
20,491
20,597
20,675
20,925
37,365
38,683
38,396
38,590
171,427
41,872
40,077
1,281
38,796
80,532
8,910
9,392
86,511
9,294
9,573
84,483
9,227
9,292
85,744
9,259
9,400
86,963
9,293
9,453
88,853
9,395
10,147
89,415
9,354
10,047
148,236
16,254
11,224
156,646
16,944
11,633
-159
11,792
155,653
17,123
11,395
-246
11,641
156,742
17,030
11,527
-231
11,758
154,557
16,593
11,574
-197
11,771
737
510
344
371
377
949
688
24
8,655
9,063
8,948
9,029
9,076
9,197
9,359
11,200
1,203
107,191
94,753
950
503
366
250
284
338
593
355
107,866
95,281
175,211
152,515
184,857
162,036
183,922
160,962
185,015
161,994
182,386
159,597
188,104
165,590
190,619
167,871
958
751
570
607
622
104,627
92,304
102,431
90,348
103,797
91,493
105,087
92,622
38
11,998
970
429
403
477
420
455
425
470
406
476
428
505
423
521
427
787
425
863
450
815
468
863
447
842
454
931
431
965
413
863
817
962
856
915
852
947
841
954
851
6,507
30,919
22,065
8,854
5,895
5,625
9,219
5,760
21,360
11,760
1,720
7,114
32,864
23,357
9,507
6,315
6,025
9,722
6,354
23,012
12,323
1,774
7,037
32,718
23,340
9,379
6,154
5,850
9,515
6,027
22,168
12,084
1,742
7,143
32,632
23,320
9,312
6,185
5,964
9,656
6,196
22,841
12,304
1,755
7,107
32,720
23,265
9,454
6322
6,060
9,782
6,409
23,319
12,465
1,771
7,171
33,387
23,504
9,884
6,600
6,227
9,938
6,782
23,720
12,439
1,829
7,214
32,845
23,235
9,610
6,556
6,314
10,211
7,067
24,127
12,585
1,925
9,333
54,914
43,701
11,213
8,844
11,221
14,801
9,579
42,611
22,697
2,589
10,317
57,965
46,235
11,730
9,336
12,028
15,629
10,432
45,017
22,821
2,714
10,160
58,906
47,156
11,750
9,167
11,753
15,226
9,948
44,521
22,960
2,661
10,356
58,032
46,205
11,827
9,222
12,124
15,746
10,245
44,959
23,021
2,703
10,145
55,995
44,372
11,623
9,297
11,881
15,633
10,568
44,783
22,788
2,736
10,607
58,927
47,205
11,722
9,656
12,354
15,912
10,968
45,805
22,514
2,757
10,730
59,383
47,303
12,080
9,709
12,414
16,161
11,348
46,748
22,748
2,835
10,816
52,310
36,074
16,236
10,931
12,933
18,205
12,521
48,495
25,118
4,076
11,667
53,928
36,931
16,997
11,710
13,890
19,386
13,974
51,987
26,041
4,143
11,360
54,099
37,068
17,031
11,478
13,499
18,952
13,298
50,510
25,859
4,097
11,520
53,580
36,719
16,861
11,529
13,646
19,230
13,688
51,552
26,114
4,130
11,764
53,532
36,560
16,972
11,751
13,975
19,446
14,063
52,594
25,779
4,152
748
17,973
880
856
12,024
54,501
37,377
17,124
12,084
14,438
19,917
14,847
53,292
26,413
4,193
12,276
54,655
37,284
17,371
11,908
14,608
20,128
15,400
54,321
26,704
4,325
225
222
225
222
221
220
224
252
249
250
249
248
249
254
618
597
609
598
593
588
602
9,816
10,326
10,117
10,327
10,472
10,389
10,435
19,856
19,858
20,049
20,069
19,804
19,508
19,659
20,424
21,301
21,152
21,385
21,034
21,632
21,777
Line
1998-
136,073
135,116
97,877
86,117
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
70 • August 1999
SURVEY OF CURRENT BUSINESS
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
Wisconsin
Plains
Item
Line
1997
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
125,081
124,916
165
131,547
131,048
499
128,587
128,180
407
130,512
130,055
457
132,318
131,880
437
134,771
134,076
135,924
135,591
333
446,730
438,050
469,720
462,032
460,014
453,825
6,190
466,078
459,760
6,318
470,605
464,449
6,156
482,185
470,093
12,092
484,036
475,519
8,517
88,417
5,794
2,067
84,691
21,656
18,734
466
18,268
94,034
6,102
2,246
90,179
22,057
19,310
458
18,853
91,375
5,960
2,202
87,616
21,790
19,181
466
18,715
6,050
2,241
89,278
21,972
19,262
453
6,140
2,243
90,789
22,164
19,365
457
18,907
96,989
6,256
2,300
93,032
22,304
19,434
454
18,980
97,966
6,399
2,312
93,879
22,393
19,652
442
19,210
325,323
23,113
-3,957
298,253
79,035
69,442
1,019
68,423
345,901
24,529
-4,226
317,145
80,892
71,684
990
70,694
337,043
24,116
-4,125
308,801
71,133
1,014
70,119
342,607
24,432
-4,209
313,966
80,625
71,487
978
70,509
346,425
24,643
-4,269
317,512
81,204
71,888
967
70,922
357,527
24,926
-4,302
328,299
81,658
72,228
1,001
71,227
358,722
25,490
-4,357
328,875
81,936
73,226
1,036
72,190
73,775
8,208
6,435
^386
6,821
78,543
8,382
7,109
-104
7,214
76,201
8,256
6,918
-162
7,080
77,710
8,340
7,038
-135
7,174
79,204
8,412
7,070
-177
7,247
81,057
8,520
7,412
57
7,354
82,182
8,581
7,203
-319
7,522
260,123
27,419
37,782
7,039
30,743
278,949
28,238
38,713
5,908
32,806
272,397
27,992
36,654
4,510
32,144
277,255
28,249
37,103
4,571
32,533
280,854
28,295
37,276
4,341
32,935
285,292
28,415
43,820
10,209
33,611
289,196
28,575
40,950
6,571
34,379
165
88,252
76,515
485
128
5,619
25,155
15,628
9,527
5,175
5,459
7,991
6,027
20,476
11,737
1,248
190
10,299
499
93,535
81,285
544
145
6,137
26,100
407
457
92,631
80,456
541
143
6,114
25,844
16,180
9,663
5,551
5,778
8,518
6,354
21,613
12,175
1,278
193
10,705
437
94,249
81,923
545
147
6,236
26,096
16,259
9,837
5,557
5,996
8,536
6,462
22,347
12,326
1,291
191
10,844
333
97,633
84,692
594
144
6,447
27,120
16,870
10,250
5,662
6,106
8,782
6,779
23,059
12,941
1,376
192
11,373
316,644
270,116
1,969
1,611
19,873
62,630
338,212
290,020
2,229
1,658
21,973
65,476
39,075
26,401
25,610
25,102
32,711
26,715
88,546
48,192
7,758
2,411
38,023
6,190
330,853
283,293
2,105
1,662
21,327
65,114
38,999
26,114
25,275
24,560
31,840
25,313
86,097
47,560
7,639
2,453
37,468
6,318
96,294
83,559
578
150
6,245
26,635
16,612
10,023
5,640
6,041
8,694
6,988
22,588
12,735
1,325
188
11,223
288,428
2,214
1,659
21,668
65,753
39,301
26,452
25,617
24,978
32,398
26,567
87,574
47,861
7,712
2,410
37,739
6,156
340,269
292,006
2,241
1,676
22,177
65,830
39,140
48,263
7,805
2,407
38,051
12,092
345,435
296,350
2,356
1,634
22,719
65,208
38,860
26,348
26,160
25,627
33,464
28,160
91,022
49,085
7,877
2,374
38,834
8,517
350,204
300,316
2,424
1,583
23,305
65,528
38,757
26,770
26,153
25,950
33,896
28,693
92,784
49,888
8,109
2,421
39,358
Derivation of Personal Income
Earnings by place of work (lines 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
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other6
Mining
.„!
Construction
Manufacturing
Durable goods
NonclurdDlG Qoocls t
«... «
Transportation and public utilities
Wholesale t r a d e . . .
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
9,811
5,517
5,878
8,495
6,505
21,965
12,250
1,289
191
10,769
79,204
511
139
5,954
25,824
16,104
9,720
5,321
5,696
8,230
6,217
21,311
11,764
1,264
194
10,306
25,632
24,459
23,535
30,486
23,786
81,767
46,528
7,753
2,459
36,315
25,389
25,241
33,140
26,820
Nebraska
Line
Item
1997
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
127,795
126,800
1998-
132,955
132,652
303
130,680
130,525
155
132,228
132,087
141
133,834
133,604
231
135,080
134,394
136,370
136,028
342
39,135
37,588
1,547
41,212
39,514
1,698
40,140
38,714
1,426
40,820
39,365
1,455
41,349
39,882
1,467
42,538
40,093
2,445
42,356
40,497
1,858
97,506
6,686
-3,825
86,995
23,953
98,486
6,692
-3,786
28,912
2,070
-578
26,265
7,061
5,809
43
5,766
30,733
2,177
-609
27,947
7,250
6,014
44
5,970
29,701
2,132
^589
26,980
7,199
5,961
42
5,919
30,370
2,173
-608
27,589
7,232
5,999
46
5,953
30,869
2,201
-622
28,047
7,266
6,036
46
5,990
31,991
2,202
-616
29,172
7,304
6,061
43
6,018
31,743
2,245
-618
28,879
7,330
6,147
43
6,104
Derivation of Personal Income
Earnings by place of work (lines 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
92,444
6,333
-3,651
82,460
23,373
21,962
253
21,709
6,633
-3,766
86,292
23,854
22,809
278
22,531
94,711
6,541
-3,703
84,468
23,610
22,602
264
22,338
96,059
6,613
-3,750
Earnings by Place of Work
Components of earnings:
wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
75,215
8,120
9,109
793
8,316
79,626
8,266
8,799
84
8,715
77,987
8,218
8,506
-51
8,557
994
91,450
78,816
454
239
6,001
18,063
10,146
7,917
7,751
6,351
8,649
6,754
24,554
12,634
2,777
632
9,225
303
96,387
83,327
513
276
6,400
18,373
10,454
7,919
8,116
6,719
9,145
7,516
155
94,556
81,710
481
264
6,160
18,406
10,536
7,870
8,011
6,555
8,969
7,113
25,751
12,846
2,620
617
9,610
278
22,608
24,077
22,994
284
22,710
99,605
6,856
-3,844
88,905
24,159
23,306
272
23,034
79,211
8,275
8,573
-74
8,646
80,441
8,314
8,751
8
8,744
80,863
8,257
9,366
454
8,912
82,122
8,321
9,162
104
9,058
22,318
2,330
4,264
1,265
23,694
2,365
4,674
1,394
3,280
23,042
2,331
4,328
1,139
3,189
23,599
2,370
4,402
1,156
3,246
24,007
2,389
4,474
1,157
3,317
24,127
2,371
5,492
2,123
3,368
24,385
2,382
4,976
1,523
3,452
141
95,917
82,915
508
276
6,279
18,534
10,562
7,972
8,080
6,702
9,118
7,435
25,983
13,002
2,658
605
9,738
231
97,276
84,090
517
283
6,458
18,486
10,435
8,051
8,093
6,764
9,226
7,744
26,519
13,186
2,698
608
9,880
97,801
84,592
544
279
6,705
18,067
10,283
7,785
8,279
6,856
9,269
7,772
26,820
13,209
2,726
342
99,263
85,793
560
275
6,753
18,196
10,343
7,852
8,341
6,990
9,361
8,063
27,255
13,469
2,819
617
10,033
1,547
27,365
22,721
286
64
1,674
4,135
2,071
2,064
2,803
1,890
2,641
2,062
7,166
4,644
669
384
3,591
1,698
29,035
24,265
327
69
1,903
4,315
2,165
2,149
2,755
2,020
2,774
2,278
7,826
4,769
705
374
3,690
1,426
28,275
23,550
312
66
1,837
4,222
2,140
2,082
2,710
1,981
2,724
2,161
7,536
4,725
1,455
28,916
24,113
324
66
1,889
4,338
2,180
2,158
2,749
2,005
2,764
2,244
7,734
4,803
694
378
3,731
1,467
29,402
24,657
331
72
1,992
4,370
2,178
2,192
2,792
2,016
2,791
2,335
7,959
4,746
713
373
3,660
2,445
29,546
24,742
340
72
1,894
4,328
2,163
2,166
2,769
2,077
2,817
2,371
8,074
4,804
719
361
3,723
1,858
29,884
25,024
350
23,777
22,755
286
22,469
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other6
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.
...
13,061
2,675
608
9,777
3,646
4,381
2,136
2,245
2,798
2,075
2,815
2,459
8,179
4,860
724
366
3,771
SURVEY OF CURRENT BUSINESS
August 1999
•
71
and Earnings by Industry, 1997-1999:1 '—Continued
adjusted at annual rates]
Kansas
Iowa
1997
1997
1998-
II-
I-
III"
IV-
Minnesota
1999
1998
1999
1998
1998
1997
1998-
1-
I*
II'-
III-
IV
I-
65,993
63,062
2,931
68,720
66,598
2,121
67,104
65,331
1,773
67,830
66,012
1,818
68,745
67,064
1,681
71,199
67,986
3,213
71,070
68,791
2,279
62,363
61,158
1,205
65,854
64,591
1,263
64,435
63,430
1,005
65,385
64,327
1,057
65,973
64,912
1,060
67,625
65,695
1,930
68,058
66,504
1,554
123,010
122,021
46,897
3,340
49,307
3,561
47,798
3,491
48,435
3,523
49,306
3,589
51,689
3,639
51,467
3,725
43,574
3,122
1,275
41,727
11,341
9,295
46,650
3,325
1,280
44,605
11,678
9,571
45,401
3,268
1,266
43,400
11,526
9,509
46,246
3,316
1,273
44,203
11,633
9,549
46,660
3,336
1,309
44,633
11,745
9,595
48,294
3,381
1,272
46,185
11,810
9,630
48,622
3,462
1,290
46,450
11,853
9,756
93,276
6,717
-880
85,680
20,362
16,969
374
43,931
11,813
10,250
375
46,121
12,076
10,522
371
381
45,293
12,042
10,496
44,678
11,980
10,446
374
46,091
12,108
10,546
374
375
48,117
12,215
10,739
48,423
12,176
10,600
1999
130,737
129,915
989
II-
128,013
127,436
822
129,951
129,368
577
100,683
7,225
-985
92,473
20,813
17,451
98,120
7,091
-953
90,076
20,598
17,339
III-
130,696
130,149
583
547
100,012
7,206
-988
91,818
20,741
17,392
100,514
7,221
-980
92,312
20,893
17,491
\P
IV
134,286
132.707
1,580
134,863
134,002
104,086
7,381
-1,020
95,684
21,021
17,582
104,467
7,520
-1,018
95,928
21,094
17,841
862
179
162
163
161
156
168
178
137
128
137
130
125
123
130
10,071
10,360
10,283
10,335
10,391
10,431
10,561
9,158
9,442
9,372
9,420
9,470
9,508
9,626
16,607
17,115
16,975
17,070
17,170
17,244
17,478
35,825
3,857
7,215
2,647
4,568
38,577
3,994
6,736
1,813
4,924
37,568
3,945
6,285
1,482
4,803
38,089
3,967
6,379
1,515
4,864
38,968
4,016
6,322
1,367
4,956
39,684
4,046
7,959
2,887
5,071
40,268
4,075
7,12^3
1,943
5,181
34,305
3,730
5,539
36,908
3,854
5,889
36,025
3,819
5,557
36,726
3,860
5,660
37,107
3855
5^698
83,977
8,178
8,528
81,863
8,101
8,156
83,574
8,199
8,239
84,114
8,145
8,255
976
734
776
768
4,913
4,823
4,885
4,931
86,356
8,267
9,463
1,128
8,335
87,222
8,281
8,964
939
38,348
3,902
6,373
1,238
5,135
77,224
7,836
8,216
4,600
37,772
3,883
6,639
1,627
5,012
2,931
43,965
37,129
2,121
47,185
40,059
1,773
46,025
38,992
1,818
46,617
39,563
1,681
47,625
40,534
3,213
48,475
41,147
2,279
49,188
41,743
1,205
42,369
35,329
1,263
45,387
38,078
1,005
44,397
37,194
1,057
45,189
37,892
1,060
45,600
38,255
1,930
46,364
38,969
1,554
47,068
39,577
351
87
400
94
384
94
399
93
395
93
422
98
434
89
276
446
310
444
293
463
305
441
2,844
9,942
6,161
3,781
2,836
3,201
4,316
3,372
10,181
6,836
3,166
10,530
6,535
3,995
3,059
3,409
4,633
3,794
10,973
7,127
2,998
10,413
6,518
3,895
2,999
3,327
4,492
3,549
10,735
7,033
3,057
10,475
6,490
3,984
3,070
3,327
4,578
3,728
10,837
7,054
3,249
10,629
6,611
4,018
3,040
3,540
4,659
3,838
11,091
7,091
3,362
10,604
6,520
4,084
3,127
3,442
4,803
4,062
11,227
7,328
3,445
10,678
6,561
4,117
3,135
3,493
4,886
4,176
11,407
7,445
2,640
8,266
5,334
2,932
3,447
3,242
4,305
2,588
10,119
7,040
1,148
2,871
8,777
5,703
3,074
3,589
3,471
4,610
2,847
11,160
7,309
1,177
2,812
8,637
5,583
3,054
3,590
3,420
4,511
2,720
10,750
7,202
1,170
2,869
8,812
5,737
3,075
3,569
3,452
4,597
2,810
11,038
7,296
1,184
842
128
847
131
837
133
840
131
845
131
865
130
882
133
5,866
6,148
6,062
6,083
6,115
6,333
6,430
——r
\r
12,885
12,716
13,855
13,253
13,623
13,143
13,680
13,199
340
418
3,012
8,856
5,651
3,205
3,610
3,608
4,796
3,124
11,811
7,491
1,204
13,758
13,303
14,358
13,365
14,261
13,576
481
455
994
685
9,102
9,996
9,805
9,840
9,887
10,450
10,344
727
757
756
756
759
756
780
-297
8,078
2,325
2,482
-308
8,931
2,361
2,562
-309
8,739
2,338
2,546
-306
8,778
2,353
2,548
-310
8,818
2,370
2,570
^305
9,389
2,384
2,585
-314
9,250
2,391
2,621
111
8,143
989
92,287
80,426
822
406
462
5,399
19,932
11,746
8,186
6,058
7,387
8,411
7,771
24,601
11,861
1,541
577
99,861
87,533
97,543
85,371
458
482
425
466
6,174
20,974
12,480
8,494
6,492
7,935
9,291
8,892
26,834
12,328
1,554
6,061
20,948
12,493
8,454
6,349
7,757
8,898
8,489
25,979
12,171
1,528
195
193
195
193
192
192
194
10,125
10,581
10,449
10,345
10,592
10,939
11,095
1998-
15,549
14,705
844
11,118
804
-200
10,114
2,761
2,674
16,019
15,246
773
16,185
15,402
1 1,507
838
11,645
852
-214
0,775
2,859
2,754
-209
10,460
2,829
2,730
-211
10,589
2,849
2,747
879
1,842
783
846
IV-
16,250
15,534
715
11,682
851
-215
10,616
2,870
2,764
I-
17,099
15,855
1,244
17,057
16,120
12,532
12,475
874
-221
11,436
2,886
2,776
937
901
-227
11,346
2,894
2,816
31
35
15
15
14
15
15
14
14
2,586
2,659
2,740
2,716
2,732
2,749
2,762
2,802
7,307
7,690
7,630
7,664
7,731
7,737
7,906
7,930
8,478
8,282
8,393
{3,486
8,752
8,945
680
691
694
691
692
687
698
866
890
884
887
885
904
917
1,485
1,464
2,027
1,740
2,322
2,474
2,341
2,365
2,312
2,876
1,123
1,754
2,613
59
483
367
363
333
867
553
738
764
665
670
598
1,057
1,131
1,113
1,122
1,131
1,159
1,186
1,584
1,710
1,676
1,695
,714
810
1,802
937
169
602
480
481
455
994
685
879
773
8,933
7,134
9,393
7,574
9,325
7,503
9,359
7,532
9,433
7,603
9,457
7,657
9,659
7,817
10,273
8,560
0,963
9,185
10,734
8,973
10,862
9,067
10,967
<J.248
1,244
11,288
9,451
11,538
9,676
66
200
632
757
466
290
826
782
961
512
76
198
703
820
510
310
841
824
998
566
73
200
708
818
514
304
847
813
998
540
77
200
695
818
509
309
832
823
74
200
693
823
508
315
833
829
79
191
718
820
508
312
850
829
988
590
81
178
729
849
530
319
859
848
130
114
684
146
95
754
137
110
751
143
99
749
150
90
753
153
80
764
157
78
787
1,536
1,074
1,687
1,229
1,669
1,216
1,684
1,223
,689
,234
1,704
1,241
1,741
1,274
462
738
683
458
760
724
454
770
707
461
748
723
455
759
728
462
764
738
466
769
765
1,247
2,399
1,799
2,548
1,820
2,504
1,822
783
715
1,257
,256
610
727
822
742
781
2,659
1,842
2,746
1,713
2,938
1,778
2,841
1,760
2,883
1,795
852
J>,970
1 ,720
446
140
1 ,133
1,203
1,258
344
319
355
297
350
311
352
302
357
292
359
281
375
283
431
139
446
140
441
140
440
139
1,135
1,169
1,161
1,173
1,180
1,159
1,183
1,143
1,192
1,180
1,217
1998-
\p
2,554
844
1998
1997
I
6,388
5,509
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
Southeast
1999
26
1,003
501
475
6,681
20,826
12,261
8,565
6,640
8,171
9,737
9,313
28,341
12,919
1,629
684
2,544
2,591
1,800
488
488
6,374
20,806
12,364
8,443
6,708
8,123
9,617
9,443
27,746
12,713
1,582
5,604
19
580
6,132
21,051
12,464
8,588
6,340
7,915
9,569
8,621
27,039
12,346
1,561
667
2,530
1,003
461
493
6,130
21,092
12,599
8,493
6,570
7,946
9,080
9,016
26,571
12,083
1,545
862
103,605
90,686
5,558
29
2,567
1,830
458
483
1,580
102,506
89,793
669
2,517
554
99,967
87,620
5,490
26
2,528
1,827
547
583
99,429
87,346
399
8,565
661
2,536
164
8,075
5,452
30
1,005
174
7,982
673
2,452
1,481
394
8,134
363
5,360
\P
480
1,614
598
7,618
337
668
1998
602
321
5,465
1997
IV
III-
322
662
1999
169
1,116
364
336
South Dakota
1998
1998-
330
426
2,901
8,879
5,782
3,097
3,664
3,562
4,696
3,008
11,503
7,394
1,169
362
5,230
North Dakota
1997
313
445
2,901
8,782
5,711
3,071
3,533
3,449
4,637
2,849
11,347
7,345
1,185
Line
1998-
\P
1,274
1,298
914
949
3,060
1,837
3,132
1,862
456
140
477
143
1,240
1,242
II r
1999
iii'-
IV
Line
\P
1,482,256
1,468,943
13,313
1,568,488 1,535,161 1,557,124 1,580,149
1,555,226 1,522,398 1,543,871 1,567,644
13,262
12,504
12,763
13,253
1,601,518
1,586,990
14,527
1,623,020
1,611,935
11,085
1
2
3
1,020,946
70,331
5,594
956,210
255,215
270,831
2,980
267,852
1,094,956
74,953
5,997
1,026,000
260,949
281,538
2,996
278,543
1,065,987 1,084,872 1,104,846
73,369
74,370
75,592
5,914
5,960
6,126
998,532 1,016,461 1,035,379
257,854
259,966
262,199
278,775
280,696
282,570
2,958
3,031
2,948
275,816
277,665
279,622
1,124,118
76,478
5,989
1,053,629
263,776
284,112
3,044
281,068
1,142,137
78,647
6,208
1,069,698
264.789
288,532
2,899
285,634
4
5
6
7
8
9
10
11
833,711
85,829
101,406
10,461
90,945
898,874
88.792
107,290
10,192
97,098
873,733
87,543
104,712
9,867
94,845
589,904
88,395
106,572
10,241
96,332
908,504
89,416
106,925
9,376
97,550
923,355
89,815
110,949
11,283
99,666
941,304
90,920
109,913
7,768
102,145
12
13
14
15
16
13,313
13,262
1,007,634 1,081,694
839,059
905,405
6,725
7,439
9,072
9,424
63,931
70,240
174,001
181,058
91,624
97,048
82,378
84,010
73,480
79,104
64,145
69,419
103,725
110,852
69,189
77,978
274,790
299,890
168,574
176,289
32,990
33,626
18,915
18,947
116,669
123,717
12,763
1,053,224
880,347
7,044
9,633
67,450
179,629
96,223
83,406
76,860
67,428
108,162
74,288
289,852
172,877
33,291
19,154
120,432
13,253
1,071,619
397,011
7,374
9,304
69,763
180,459
96,402
84,057
78,198
68,761
10,156
77,113
295,883
74,608
33,509
18,932
22,167
12,504
1,092,342
914,529
7,602
9,498
70,972
182,565
97,760
84,806
79,930
70,054
111,883
78,671
303,354
177,812
33,673
18,955
125.184
14,527
1,109,591
929,731
7,736
9,262
72,776
181,579
97,809
83,771
81,427
71,433
113,207
81,841
310,471
179,860
34.030
18,745
127,085
11,085
1,131,052
948,098
7,981
8,812
74,435
185,174
100,231
84,943
82,355
71,943
115,036
84,734
317,627
182,955
35,059
19,309
128,587
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
J2
SURVEY OF CURRENT BUSINESS
• August 1999
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
Alabama
Item
Une
1998
1997
1998
1998'
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
89,348
88,304
1,044
93,567
92,368
1,199
Derivation of Personal Income
Earnings by place of work (lines 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
62,382
4,563
669
58,488
12,503
18,356
204
18,152
4,763
757
61,673
12,780
19,114
214
18,900
50,617
5,353
6,412
908
5,503
53,363
5,426
6,889
1,052
5,837
1997
1998-
91,987
90,858
1,128
92,976
91,773
1,202
94,041
92,836
1,205
95,265
94,005
1,260
96,128
95,243
49,442
47,799
1,643
51,763
50,225
1,538
50,874
49,511
1,363
51,403
49,924
1,479
51,790
50,445
1,345
52,984
51,019
1,966
53,235
51,791
1,444
64,423
4,700
721
60,443
12,615
66,015
4,780
774
62,010
12,849
19,182
209
18,973
67,105
4,839
787
63,053
12,926
19,285
215
19,070
67,734
4,955
811
12,974
19,563
187
19,377
34,537
2,370
-299
31,868
7,154
10,419
198
10,221
36,417
2,498
-312
33,608
7,345
10,810
197
10,613
35,711
2,472
-318
32,920
7,247
10,707
190
10,517
36,105
2,482
-308
33,315
7,315
10,772
190
10,582
36,353
2,504
-308
33,542
7,387
10,862
210
10,651
37,500
2,534
-313
34,654
7,432
211
18,717
65,171
4,731
745
61,184
12,729
19,062
221
18,841
37,668
2,606
-323
34,739
7,458
11,038
174
10,864
52,308
5,395
6,721
990
5,731
52,896
5,406
6,868
1,058
5,810
53,673
5,433
6,910
1,055
5,855
54,577
5,469
7,059
1,105
5,954
55,395
5,507
6,831
726
6,105
26,607
2,894
5,036
1,415
3,621
28,329
2,958
5,131
1,292
3,839
27,846
2,945
4,920
1,131
3,789
28,090
2,948
5,068
1,238
3,830
28,454
2,962
4,937
1,094
3,843
28,925
2,976
5,599
1,706
3,893
29,489
3,014
5,165
1,179
1,128
63,295
52,044
370
645
4,095
13,769
7,823
5,945
4,218
3,733
6,209
3,774
15,231
11,250
2,566
847
7,837
1,202
63,968
52,527
379
639
4,207
13,827
7,758
6,070
4,171
3,793
6,284
3,877
15,350
11,441
2,581
835
8,026
1,205
64,811
1,260
65,845
53,765
406
631
4,250
13,922
7,869
6,053
4,358
3,896
6,432
4,138
15,733
12,080
2,615
829
8,635
885
1,643
32,895
27,680
253
176
2,014
7,790
4,317
3,473
2,826
1,769
3,819
1,676
7,357
5,215
896
286
4,033
1,538
34,879
29,486
281
182
2,152
8,131
4,542
3,589
3,003
1,905
4,144
1,833
7,854
5,394
909
292
4,192
1,363
34,348
29,150
280
187
2,140
8,056
4,499
3,557
2,985
1,874
4,170
1,801
7,658
5,198
879
298
4,021
1,479
34,626
29,278
282
181
2,178
8,093
4,533
3,560
2,973
1,889
4,138
1,805
7,739
5,348
886
295
4,166
1,345
35,008
54,572
422
600
4,380
14,103
7,969
6,134
4,415
3,937
6,569
3,996
16,151
12,277
2,655
836
8,785
1,444
36,224
30,580
184
2,152
8,192
4,562
3,630
3,018
1,908
4,064
1,828
7,975
5,410
906
289
4,214
1,966
35,535
29,915
285
177
2,139
8,183
4,575
3,608
3,038
1,947
4,205
1,899
8,042
5,620
964
288
4,368
196
10,702
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
,
Proprietors' income5
rarm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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
1,044
61,338
50,139
345
633
3,905
13,485
7,528
5,957
4,111
3,600
6,009
3,578
14,474
11,199
2,549
840
7,811
64,480
386
640
4,192
13,869
7,820
6,049
4,243
3,819
6,329
3,902
15,488
11,612
2,590
837
8,185
643
4,216
13,957
7,829
6,128
4,226
3,853
6,392
3,821
15,638
11,677
2,599
835
8,243
Louisiana
Mississippi
1999
Item
Une
172
2,212
8,460
4,728
3,732
3,020
1,969
4,259
1,974
8,218
5,644
941
290
4,412
1998
1997
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
89,067
88,569
497
93,430
93,058
372
91,958
91,692
266
93,334
93,047
288
93,822
93,532
290
94,605
93,959
646
95,565
95,067
498
49,437
48,760
677
52,283
51,438
846
51,250
50,513
737
51,828
51,070
759
52,680
51,878
802
53,374
52,289
1,085
53,807
53,006
802
Derivation of Personal Income
Earnings by place of work (lines 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
61,527
4,066
-179
57,281
12,952
18,833
129
18,704
65,272
4,293
-179
64,105
4,246
-181
59,677
13,056
19,225
116
19,109
65,323
4,311
-192
60,821
13,163
19,350
126
19,224
65,540
4,309
-177
61,053
13,277
19,492
146
19,346
66,122
4,305
-167
61,650
13,360
19,595
159
19,435
66,858
4,400
-166
62,292
13,406
19,867
148
19,720
33,344
2,581
1,109
31,872
6,173
11,392
120
11,272
35,706
2,739
1,179
34,146
6,319
11,818
115
11,703
34,859
2,695
1,152
33,316
6,237
11,697
111
11,586
35,287
2,717
1,182
33,752
6,294
11,782
117
11,665
36,044
2,767
1,187
34,464
6,353
11,863
114
11,749
36,635
2,779
1,195
35,052
6,392
11,931
120
11,811
36,912
2,846
1,217
35,283
6,413
12,111
104
12,007
49,365
5,328
6,834
342
6,492
52,727
5,455
7,090
204
51,803
5,433
6,869
107
6,761
52,837
5,496
6,990
123
53,046
5,466
7,029
119
6,910
53,223
5,427
7,471
468
7,003
53,935
5,463
7,460
316
7,144
2,875
3,809
505
3,304
28,565
2,959
4,183
660
3,523
27,914
2,931
4,013
561
3,452
2,944
4,074
577
3,497
28,910
2,986
4,148
613
3,535
29,166
2,974
4,496
889
3,606
29,615
2,997
4,300
601
497
61,030
50,621
308
3,195
4,526
8,563
3,554
5,009
4,822
3,473
5,760
3,255
16,719
10,409
1,556
777
8,075
372
64,900
53,976
335
3,435
5,259
8,893
3,800
5,093
5,083
3,732
6,127
3,536
17,577
10,924
1,602
772
8,550
266
63,839
53,108
327
3,635
5,091
8,875
3,786
5,089
4,952
3,649
6,063
3,279
17,238
10,731
1,585
778
8,367
288
290
65,250
54,286
335
3,401
5,285
8,894
3,797
5,097
5,109
3,756
6,149
3,688
17,669
10,964
1,609
778
8,577
646
65,476
54,284
341
3,262
5,230
8,863
3,789
5,074
5,213
3,805
6,170
3,644
17,756
11,192
1,620
774
8,798
66,360
55,016
352
3,092
5,350
9,091
3,877
5,214
5,220
3,817
6,201
3,749
18,145
11,344
1,677
807
677
32,668
26,327
217
298
2,024
7,257
4,498
2,759
2,257
1,584
3,423
1,515
7,753
6,340
1,112
666
4,562
846
34,861
28,192
244
333
2,365
7,676
4,858
2,818
2,318
1,748
3,653
1,653
8,202
6,669
1,139
692
4,838
737
34,122
27,542
241
332
2,258
7,571
4,770
2,802
2,275
1,706
3,587
1,570
8,003
6,580
1,128
692
4,760
759
34,528
27,906
249
330
2,335
7,570
4,768
2,802
2,336
1,755
3,618
1,657
8,057
6,622
1,133
691
4,798
802
35,242
28,505
248
337
2,397
7,826
4,989
2,837
2,329
1,758
3,682
1,667
8,260
6,737
1,-141
693
4,903
1,085
35,550
28,815
240
335
2,469
7,737
4,906
2,832
2,331
1,773
3,725
1,718
8,488
6,735
1,156
690
4,890
802
36,110
29,289
249
321
2,574
7,776
5,016
2,760
2,374
1,776
3,811
1,781
8,627
6,822
1,190
704
4,928
13,214
19,415
137
19,278
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other6
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
'.
'."I.""....!'.!
State and local
See footnotes at end of table.
54,227
339
3,441
5,428
8,940
3,829
5,111
5,058
3,719
6,125
3,532
17,644
10,809
1,594
757
8,458
August 1999
SURVEY OF CURRENT BUSINESS
•
73
1999
Line
and Earnings by Industry, 1997-1999:11—Continued
adjusted at annual rates]
Florida
Georgia
1998
1997
1997
1998-
Kentucky
1998
1999
1£98
1999
1997
1998'
1998'
\\r
IV
lll r
\P
363,980
362,086
1,893
386,654
384,392
2,263
377,760
375,530
2,230
383,881
381,580
2,300
389,957
387,724
2,234
395,019
392,733
2,286
401,636
399,629
2,007
178,875
176,696
2,179
191,865
189,695
2,170
186,808
184,694
2,114
189,851
187,669
2,182
193,919
191,816
2,103
196,882
194,602
2,260
199,947
198,362
1,584
80,435
79,234
1,202
84,834
83,383
1,451
83,283
81,869
1,413
84,440
82,871
1,569
85,430
84,078
1,352
86,183
84,713
1,470
86,947
85,808
1,140
220,986
14,970
240,215
16,163
232,476
15,714
237,790
16,018
243,098
16,344
247,496
16,577
253,096
17,131
607
635
631
633
635
641
645
206,622
88,023
69,334
224,686
89,734
72,234
217,393
88,857
71,510
222,405
89,444
72,032
227,388
90,070
72,499
231,560
90,564
72,896
236,609
90,909
74,118
134,876
8,844
-272
125,761
26,914
26,200
146,982
9,588
-349
137,044
27,678
27,143
142,309
9,333
-324
132,652
27,277
26,880
145,050
9,476
-334
135,240
27,555
27,056
148,901
9,707
-364
138,831
27,847
27,240
151,666
9,835
-375
141,456
28,031
27,395
154,509
10,160
-392
143,957
28,150
27,840
56,509
4,078
-486
51,945
12,004
16,486
60,160
4,293
-509
55,359
12,276
17,199
58,828
4,219
-494
54,116
12,129
17,038
59,824
4,266
-509
55,049
12,231
17,160
60,707
4,335
-637
55,834
12,338
17,257
61,281
4,350
-495
56,436
12,408
17,340
61,887
4,459
-621
56,906
12,451
17,590
675
662
656
691
642
658
678
270
254
264
255
244
254
240
229
227
222
239
224
225
215
68,660
71,572
70,854
71,341
71,857
72,238
73,440
25,930
26,889
26,616
26,801
26,997
27,142
27,599
16,256
16,971
16,816
16,921
17,033
17,115
17,375
182,180
18,769
20,037
192,039
19,205
21,232
1,286
19,946
196,663
19,512
21,616
1,318
20,297
201,545
19,799
21,754
1,214
20,540
205,315
19,966
22,215
1,229
20,985
210,330
20,321
22,445
109,841
11,129
13,906
1,942
11,963
120,401
11,713
14,867
1,914
12,953
116,405
11,471
14,434
1,873
12,561
118,735
11,612
14,703
1,931
12,772
122,151
11,851
14,899
1,842
13,057
124,315
11,918
15,433
2,010
13,423
127,297
12,113
15,099
1,307
13,791
45,716
4,984
5,808
1,009
4,799
48,701
5,140
6,319
1,245
5,074
47,536
5,087
6,205
1,219
4,986
48,295
5,122
6,407
1,367
5,040
49,293
5,190
6,223
1,142
5,081
49,679
5,160
6,442
1,252
5,190
50,482
5,192
6,213
19,070
198,890
19,621
21,704
1,262
20,442
1,893
219,093
185,266
2,273
2,263
237,952
202,388
2,424
2,230
230,245
195,532
2,260
2,300
235,490
200,317
2,395
2,234
240,864
205,006
2,557
2,286
245,210
208,697
2,486
2,007
251,088
214,063
2,550
2,179
132,697
112,758
2,170
144,812
123,756
2,114
140,195
119,473
2,182
142,868
121,982
2,103
146,798
125,595
2,280
149,386
127,973
1,584
152,925
131,051
1,202
55,307
46,141
1,451
58,709
49,237
1,413
57,415
48,127
1,569
58,255
48,841
1,352
59,355
49,747
1,470
59,811
50,231
1,140
60,747
51,036
967
924
21,521
356
390
383
383
399
394
383
740
369
829
396
788
396
818
386
836
401
874
400
906
385
13,278
19,568
12,378
7,191
14,710
14,886
25,641
20,297
74,257
33,827
5,482
3,077
25,267
14,773
20,692
13,103
7,589
15,777
16,018
27,491
23,165
81,657
35,564
5,632
2,989
26,943
14,179
20,562
13,189
7,373
15,220
15,419
26,638
22,231
78,640
34,714
5,546
3,085
26,082
14,732
20,653
13,037
7,616
15,654
15,744
27,245
22,992
80,519
35,173
5,604
3,023
26,546
14,905
20,735
13,038
7,697
15,926
16,335
27,970
23,394
82,785
35,858
5,654
2,965
27,239
15,277
20,818
13,146
7,672
16,307
16,575
28,112
24,043
84,686
36,512
5,723
2,883
27,906
15,602
21,519
13,600
7,919
16,459
16,654
28,579
24,962
87,355
37,025
5,921
2,897
28,207
7,646
21,959
10,002
11,957
12,881
11,639
12,606
9,837
35,081
19,940
4,204
2,236
13,500
8,713
23,283
10,748
12,535
14,064
13,009
13,542
11,217
38,702
21,056
4,288
2,275
14,493
8,214
22,668
10,456
12,212
13,606
12,629
13,173
10,615
37,384
20,722
4,258
2,308
14,157
8,432
23,058
10,668
12,390
13,892
12,855
13,440
11,032
38,070
20,886
4,294
2,274
14,319
8,882
23,873
10,935
12,938
14,268
13,078
13,573
11,245
39,441
21,203
4,282
2,274
14,646
9,325
23,535
10,934
12,601
14,492
13,474
13,983
11,976
39,915
21,413
4,319
2,242
14,851
9,531
23,893
11,238
12,655
14,755
13,557
14,232
12,527
41,264
21,874
4,457
2,299
15,118
1997
1998
1998 r
1999
426
401
420
424
461
474
1,354
3,627
13,014
8,089
4,926
4,643
3,311
6,166
3,040
13,655
9,472
1,566
1,133
6,773
1,354
3,540
12,891
8,000
4,891
4,460
3,197
6,018
2,903
13,364
9,288
1,542
1,134
6,612
1,315
3,596
12,916
7,992
4,924
4,620
3,282
6,123
2,996
13,574
9,414
1,550
1,127
6,737
1,378
3,620
13,098
8,182
4,916
4,855
3,356
6,241
3,050
13,726
9,608
1,570
1,136
6,902
1,368
3,751
13,154
8,181
4,973
4,637
3,408
6,282
3,213
13,956
9,580
1,601
1,137
6,841
1,302
3,819
13,221
8,206
5,014
4,657
3,452
6,392
3,341
14,377
9,712
1,585
1,179
6,947
UK
1998 r
II r
IV
III'
IV
III'
IV
1QQ7
1957/
\P
•4QQOr
liWO
1998
1'
II '
1999
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Une
\p
172,154
169,064
3,090
182,036
179,495
2,541
178,542
175,844
2,698
180,852
178,177
2,674
183,188
180,811
2,377
185,561
183,146
2,415
188,281
186,438
1.843
77,686
77,192
82,039
81,671
79,995
79,629
81,170
80,821
82,960
82,616
84,033
83,618
85,501
85,174
121,934
121,670
128,244
128,097
125,583
125,487
127,546
127,450
129,172
129,075
130,676
130,376
132,686
132,488
494
368
366
349
344
415
327
264
147
97
96
97
300
198
127,747
9,090
-907
117,750
25,794
28,611
136,221
9,665
-971
125,585
26,561
29,890
133,266
9,496
-959
122,811
26,163
29,568
135,197
9,597
-972
124,627
26,438
29,786
137,162
9,732
-974
126,456
26,728
30,004
139,259
9,836
-978
128,445
26,914
30,202
141,691
10,143
-1,008
130,540
27,034
30,706
54,732
4,055
58,398
4,307
56,570
4,192
57,574
4,253
59,259
4,367
60,188
4,415
61,477
4,560
881
959
945
960
960
971
991
51,557
11,314
14,814
55,050
11,563
15,426
53,323
11,408
15,264
54,282
11,514
15,374
55,851
11,627
15,482
56,743
11,705
15,585
57,908
11,754
15,839
90,325
5,896
-1,068
83,360
16,663
21,911
95,803
6,220
-1,139
68,444
17,032
22,768
93,447
6,103
-1,100
86,244
16,796
22,544
95,233
6,200
-1,145
87,888
16,960
22,699
96,601
6,268
-1,153
89,181
17,132
22,859
97,931
6,310
-1,158
90,464
17,241
22,971
99,724
6,485
-1,183
92,056
17,309
23,321
363
394
398
395
379
404
364
172
172
164
170
167
188
184
314
328
320
328
332
330
317
28,247
29,496
29,170
29,391
29,625
29,798
30,343
14,643
15,254
15,100
15,204
15,315
15,397
15,655
21,597
22,440
22,223
22,370
22,526
22,641
23,004
103,549
10,490
13,709
2,725
10,984
111,411
10,822
13,988
2,150
11,838
108,720
10,724
13,822
2,329
11,493
110,379
10,786
14,031
2,291
11,740
112,422
10,870
13,871
1,979
11,892
114,122
10,909
14,227
2,002
12,225
116,661
11,070
13,960
1,423
12,538
45,622
4,719
4,392
49,007
4,856
4,536
47,376
4,772
4,422
48,280
4,817
4,477
49,801
4,911
4,548
50,569
4,923
4,696
51,770
4,995
4,712
72,192
7,654
10,480
76,985
7,851
10,967
75,025
7,760
10,662
76,573
7,847
10,812
77,738
7,901
10,962
78,605
7,895
11,432
80,084
7,995
11,645
3,090
124,657
104,444
2,541
133,680
112,236
2,698
130,569
109,568
2,674
132,522
111,435
2,377
134,785
113,077
2,415
136,844
114,865
1,843
139,848
117,515
389
255
259
238
229
295
205
132
6
-36
-42
-46
151
46
4,002
4,280
4,163
4,240
4,319
4,400
4,508
10,347
10,961
10,699
10,855
11,008
11,281
11,598
494
368
366
349
344
415
327
264
147
97
96
97
300
198
54,238
44,438
58,029
47,624
56,204
46,087
57,226
46,926
58,915
48,311
59,773
49,173
61,150
50,277
90,061
78,447
95,656
83,653
93,351
81,503
95,137
83,179
96,504
84,441
97,631
85,486
99,526
87,216
741
198
842
211
794
209
830
197
846
222
896
215
928
205
330
81
388
82
354
78
387
80
398
84
413
86
426
84
424
292
481
302
459
319
476
285
481
290
509
314
526
292
8,559
30,494
14,920
15,574
7,921
7,776
12,262
8,148
28,345
20,212
2,532
3,026
14,654
9,396
31,517
15,945
15,572
8,363
8,305
13,059
9,326
31,218
21,444
2,591
3,050
15,802
8,850
31,634
15,864
15,770
8,194
8,123
12,724
8,858
30,182
21,001
2,578
3,078
15,344
9,349
31,516
15,872
15,644
8,298
8,270
13,037
9,267
30,671
21,087
2,589
3,043
15,454
9,473
31,632
16,087
15,545
8,340
8,344
13,162
9,335
31,724
21,708
2,595
3,053
16,060
9,912
31,286
15,957
15,329
8,621
8,481
13,313
9,846
32,295
21,979
2,603
3,026
16,350
10,096
31,922
16,336
15,586
8,739
8,552
13,605
10,209
33,260
22,333
2,705
3,118
16,510
3,862
13,413
5,552
7,861
3,029
2,762
6,044
2,956
11,960
9,800
1,223
1,148
7,428
4,268
13,777
5,911
7,867
3,182
3,053
6,474
3,336
13,063
10,405
1,313
1,188
7,904
3,972
13,684
5,807
7,877
3,156
2,894
6,328
3,125
12,495
10,117
1,290
1,149
7,679
4,177
13,709
5,871
7,838
3,168
3,020
6,397
3,249
12,739
10,300
1,311
1,156
7,832
4,433
13,898
5,956
7,942
3,160
3,121
6,493
3,410
13,313
10,605
1,316
1,223
8,065
4,490
13,817
6,008
7,810
3,244
3,177
6,678
3,561
13,705
10,600
1,335
1,225
8,040
4,594
13,966
6,138
7,829
3,309
3,233
6,761
3,719
14,184
10,873
1,395
1,324
8,154
5,724
19,568
11,197
8,371
6,803
5,908
9,627
5,597
24,505
11,614
2,427
6,102
20,076
11,651
8,425
7,417
6,354
10,277
6,342
26,302
12,003
2,402
5,894
19,833
11,504
8,330
7,171
6,224
10,021
5,936
25,644
11,848
2,376
6,051
20,074
11,551
8,523
7,255
6,371
10,223
6,341
26,103
11,957
2,402
6,143
20,302
11,764
8,538
7,555
6,344
10,440
6,438
26,448
12,063
2,395
6,319
20,095
11,785
8,310
7,685
6,475
10,424
6,654
27,012
12,145
2,434
6,464
20,637
12,106
8,530
7,772
6,473
10,553
6,867
27,633
12,310
2,531
4
5
6
7
8
9
10
11
Tennessee
1999
1998
1997
II r
378
1,327
3,390
12,445
7,555
4,890
4,195
3,052
5,762
2,845
12,748
9,166
1,529
1,114
6,523
South Carolina
North Carolina
918
5,295
1
2
3
262
271
255
264
281
282
302
8,924
9,331
9,216
9,291
9,387
9,429
9,477
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
SURVEY OF CURRENT BUSINESS
74 • August 1999
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
Virginia
West Virginia
1999
Line
1997
1998-
1997
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
175,911
175,565
346
186,686
186,327
122,579
8,220
5,310
131,951
8,789
5,624
128,786
31,390
359
182,445
182,099
346
184,931
184,585
187,900
187,552
347
191,467
193,490
191,072
346
193,139
350
128,127
8,576
130,302
8,693
5,607
127,216
31,280
132,834
8,834
5,783
129,783
31,517
136,542
26,435
26,600
163
26,739
155
26,271
149
26,452
110,889
10,047
113,182
10,177
116,514
9,365
9,475
160
154
9,321
9,681
195
9,486
347
132,486
104,712
730
136,147
108,347
736
395
35,290
35,282
35,469
22,331
1,646
300
20,985
5,073
22,394
1,643
344
22,618
21,095
5,100
21,298
5,115
9,232
132
9,275
9,383
135
9,053
9,100
140
9,134
9,245
17,998
1,857
2,160
-19
2,179
18,290
1,871
2,170
-19
2,189
18,344
1,851
2,199
-18
2,217
18,535
1,847
2,235
-23
2,259
22,007
17,863
82
22,322
18,117
85
1,489
1,355
3,462
1,929
1,533
1,732
1,098
2,223
941
5,733
4,205
11
22,383
18,180
89
1,416
1,345
3,464
1,922
1,541
1,748
1,084
2,232
960
5,842
4,203
968
97
3,140
3,123
34,676
34,670
7
34,911
22,015
1,626
9,074
21,867
1,622
272
20,517
5,012
9,147
139
9,008
18,124
1,859
2,169
-19
2,188
17,862
1,857
2,147
-19
2,166
9
7
21,860
33,988
34,004
-16
35,087
35,078
137,964
9,227
5,782
134,518
31,815
27,156
151
27,005
21,402
1,596
228
20,034
5,005
22,152
1,634
302
20,820
5,057
9,210
137
117,710
10,407
9,847
146
9,701
17,464
1,875
2,063
-42
2,105
350
137,613
109,154
760
631
8,434
17,185
9,150
8,035
9,908
7,431
11,792
10,597
42,415
28,459
8,981
5,453
14,025
-16
21,419
17,360
75
1,492
1,368
3,337
1,861
9
34,903
8
35,458
11
35,796
35,789
Derivation of Personal Income
Earnings by place of work (lines 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 .
30,716
25,526
165
25,360
26,510
158
26,352
5,569
125,120
31,057
26,268
166
26,101
9,054
5,536
133,023
31,704
26,585
8,949
140
293
20,682
5,042
9,188
1,675
355
138
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
103,899
9,759
112,371
10,134
8,921
9,446
169
9,277
168
8,753
108,899
9,964
9,264
167
9,097
9,205
10,347
Earnings by industry
Farm earnings
Nonfarm earnings
,
Private earnings
' ' cultural services, forestry, fishing, and o t h e r 6 .
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
346
359
346
122,233
95,438
642
657
7,634
16,121
8,261
7,861
8,229
6,632
10,670
8,610
36,243
26,794
8,556
5,386
12,852
131,593
104,010
716
655
8,022
16,701
8,695
8,006
9,274
7,078
11,383
9,698
40,484
27,583
8,628
5,351
13,604
127,781
100,453
682
643
7,813
16,738
8,705
8,033
8,861
6,894
11,059
9,323
38,440
27,329
8,591
5,430
13,308
346
129,956
102,528
716
644
7,893
16,664
8,646
8,018
9,068
6,978
11,326
9,424
39,815
27,428
8,609
5,370
13,449
667
8,111
8,691
8,005
9,411
7,103
11,496
9,855
40,642
27,774
8,637
5,331
13,806
16,705
8,737
7,968
9,754
7,337
11,652
10,190
43,040
27,800
8,674
5,274
13,852
1,476
1,694
1,064
2,103
876
5,351
4,059
923
97
3,039
22,143
17,980
86
1,445
1,372
3,428
1,887
1,541
1,736
1,088
2,207
929
5,688
4,163
965
97
3,101
17,759
88
1,451
1,403
1,425
1,384
3,349
3,439
1,821
1,528
1,876
1,762
1,704
1,085
2,199
1,085
2,173
874
5,574
4,101
952
99
3,050
1,562
942
5,603
4,144
955
97
3,092
22,611
18,329
92
1,345
1,378
3,402
1,866
1,535
1,727
1,093
2,282
1,012
5,999
4,282
1,019
98
3,164
Texas
Oklahoma
Item
Line
1997
1998 r
1997
1998"
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
67,444
66,631
813
70,469
70,146
324
69,347
215
70,257
70,003
255
70,847
70,581
266
71,211
70,651
560
46,091
3,235
48,514
3,405
795
45,904
10,563
14,003
108
13,895
47,853
3,387
779
45,244
10,447
13,870
101
13,770
48,394
3,410
786
45,771
10,527
13,959
105
13,855
48,807
3,425
800
46,182
10,610
14,055
111
13,945
37,901
4,035
6,578
161
6,418
37,452
4,046
6,355
61
6,294
37,873
4,052
6,469
94
6,375
324
48,190
39,367
265
2,268
2,485
7,870
5,133
2,736
4,049
2,518
4,852
2,623
12,438
8,822
2,022
942
5,858
215
47,638
255
48,140
39,287
265
2,257
2,484
7,898
5,148
2,750
3,994
2,531
4,849
2,622
12,386
8,853
2,019
943
5,891
71,852
71,445
407
459,585
494,544
456,833
2,753
491,874
2,670
49,000
3,398
815
46,418
10,667
14,127
116
14,011
49,434
3,470
350,411
22,037
-1,057
327,318
64,775
67,492
962
66,530
382,848
23,973
-1,210
357,664
66,542
70,338
38,206
4,043
6,557
99
6,458
38,071
3,997
6,932
388
6,545
38,538
4,003
6,893
230
266,327
26,162
57,922
1,989
55,933
293,242
27,637
48,541
39,672
265
2,289
2,547
7,821
5,107
2,714
4,014
2,566
4,883
2,632
12,656
8,869
2,024
942
5,903
560
48,440
39,631
275
2,228
2,512
7,868
5,123
2,745
4,143
2,523
4,877
2,686
12,520
8,809
2,046
928
5,835
407
49,027
40,069
282
2,144
2,546
7,685
4,996
2,689
4,199
2,551
4,955
2,799
12,907
8,959
2,112
944
5,903
2,753
347,659
299,189
1,939
15,398
21,509
56,714
31,430
25,284
31,903
23,580
31,684
24,443
92,018
48,470
8,277
4,040
36,154
2,670
380,178
329,351
2,185
16,506
24,473
61,989
35,739
26,249
34,817
26,561
34,170
27,551
101,100
50,827
8,531
4,097
38,198
484,174
481,771
2,403
490,352
498,443
505,206
512,713
487,885
2,467
496,116
2,327
501,723
3,483
509,939
2,774
373,624
23,534
-1,175
348,914
65,732
378,921
23,774
-1,190
353,957
66,285
70,110
386,409
24,197
-1,232
360,981
69,679
392,438
24,388
-1,246
366,804
67,280
71,122
1,052
70,071
399,041
25,049
-1,267
372,725
67,533
72,455
1,147
71,308
Derivation of Personal income
Earnings by place of work (lines 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
739
43,595
10,351
13,498
98
13,400
833
46,797
10,698
14,357
135
14,221
952
961
68,647
70,593
914
Earnings by Place of Work
Components of earnings:
wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
35,472
3,935
6,023
1,847
60,123
285,918
27,364
60,342
1,626
58,716
290,164
27,462
61,295
1,659
59,635
296,613
27,873
61,924
1,488
60,436
300,274
27,847
64,317
2,613
61,703
305,726
28,114
65,201
1,882
63,320
2,403
371,221
321,122
2,467
376,454
325,769
3,483
2,192
16,644
24,394
61,042
34,672
26,370
34,191
26,276
33,996
26,907
100,129
50,685
8,470
4,104
38,111
337,560
2,264
16,471
25,386
62,243
36,247
25,996
35,567
27,449
35,010
28,903
104,268
51,394
8,730
4,058
38,606
2,774
396,267
343,877
2,104
2,327
384,083
332,952
2,179
16,407
24,620
63,262
37,061
26,202
35,157
27,130
34,317
27,800
102,079
51,131
8,534
4,079
38,518
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
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.
813
45,278
*•..
242
2,217
2,226
7,394
4,816
2,577
3,800
2,362
4,597
2,445
11,405
8,590
1,981
943
255
2,297
2,399
7,891
5,155
2,736
4,046
2,453
4,798
2,551
12,190
8,758
1,999
956
5,804
16,504
23,492
34,978
26,430
34,352
25,388
33,358
26,593
97,924
50,099
8,392
4,148
37,559
2,333
15,842
26,087
62,522
36,514
26,008
36,187
27,766
35,586
30,132
107,423
52,391
9,003
4,165
39,223
SURVEY OF CURRENT BUSINESS
August 1999
•
75
1999
Line
and Earnings by Industry, 1997-1999:1]—Continued
adjusted at annual rates]
1QQ7
139/
•jQQOr
1990
1998
I'
Mew Mexico
Arizona
Southwest
II'
1999
III'
IV
\P
1998
HQQOr
1990
1QQ7
199/
1998
1999
1QQ7
I'
IV
III'
II'
199/
\"
iqqor
I990
I'
II'
\P
IV
III'
660,458
655,883
4,575
707,853
703,820
4,033
692,740
689,109
3,631
702,120
698,327
3,793
713,181
709,635
3,546
723,371
718,208
5,162
733,102
728,908
4,193
100,160
99,530
108,087
107,421
104,765
104,135
106,967
106,255
109,091
108,496
111,522
110,796
112,691
112,049
33,269
32,889
34,753
34,380
34,239
33,856
34,543
34,184
34,800
34,441
35,431
35,038
35,845
35,476
631
666
630
712
595
726
642
379
373
383
359
358
393
370
489,899
32,007
533,068
34,669
519,753
34,000
527,763
34,390
537,809
34,973
546,945
35,312
555,190
36,198
70,388
4,977
77,524
5,452
74,479
5,261
76,442
5,379
78,424
5,515
80,751
5,651
81,644
5,762
23,008
1,758
24,182
1,839
23,798
1,817
24,007
1,828
24,170
1,836
24,755
1,874
25,070
1,917
27
-37
-26
-31
-54
-59
-33
273
284
282
281
280
292
301
73
94
88
92
97
99
101
457,918
97,722
104,818
1,288
103,531
498,361
100,358
109,134
1,305
107,829
485,727
99,102
107,911
1,199
106,712
493,343
99,964
108,813
1,344
107,469
502,782
100,873
109,526
1,255
108,271
511,594
101,492
110,285
1,422
108,863
518,959
101,882
112,261
1,528
110,733
65,684
17,353
17,124
72,356
17,898
17,832
69,500
17,633
17,632
71,344
17,818
17,805
73,188
18,014
17,889
75,392
18,128
18,002
76,183
18,213
18,295
21,322
5,243
6,704
22,438
5,355
6,961
22,069
5,290
6,880
22,270
5,334
6,939
22,431
5,380
6,989
22,980
5,416
7,034
23,253
5,438
7,154
152
161
139
191
147
166
161
75
85
79
87
83
89
84
16,972
17,672
17,494
17,614
17,742
17,836
18,134
6,629
6,876
6,801
6,852
6,905
6,945
7,070
378,144
37,589
74,166
3,240
70,926
414,695
39,537
78,836
2,580
76,256
403,905
39,109
76,740
2,261
74,479
410,433
39,312
78,018
2,367
75,651
419,264
39,816
78,729
2,065
76,664
425,177
39,910
81,858
3,626
78,231
432,095
40,204
82,891
2,605
80,286
57,690
5,606
7,092
63,861
5,953
7,710
61,208
5,791
7,480
62,864
5,890
7,688
64,743
5,997
7,683
66,629
6,135
7,987
67,343
6,144
8,157
18,655
1,886
2,468
19,691
1,912
2,579
19,327
1,908
2,563
19,533
1,908
2,566
19,702
1,903
2,565
20,203
1,931
2,621
20,489
1,942
2,639
4,575
485,323
411,937
2,986
19,180
30,478
75,700
45,451
30,249
41,238
31,418
46,610
34,177
130,150
73,386
13,513
6,278
53,595
4,033
3,631
529,035 516,122
452,233 440,513
3,367
3,219
20,300
20,263
34,515
33,136
82,546
81,816
50,145
51,031
31,671
31,515
44,822
44,247
33,641
35,108
50,125
48,928
36,967
38,485
143,002
138,260
76,801
75,609
13,928 . 13,708
6,301
6,396
56,572
55,506
3,793
523,971
447,507
3,362
20,386
34,395
81,491
49,847
31,644
44,045
34,777
49,805
37,631
141,616
76,464
13,845
6,315
56,304
3,546
534,263
457,190
3,393
20,194
34,849
83,629
52,180
31,449
45,101
35,851
50,501
38,823
144,849
77,074
13,964
6,273
56,837
5,162
541,782
463,723
3,495
20,173
35,680
83,248
51,952
31,296
45,897
36,164
51,265
40,519
147,283
78,060
14,196
6,220
57,643
4,193
550,996
471,625
3,603
19,384
36,736
83,047
51,765
31,282
46,601
36,577
52,172
42,200
151,305
79,371
14,654
6,359
58,359
367
373
354
424
296
416
316
224
200
219
189
182
209
177
6,726
7,337
7,126
7,264
7,387
7,571
7,841
2,244
2,379
2,344
2,376
2,383
2,412
2,463
631
666
630
712
595
726
642
379
373
383
359
358
393
370
69,758
59,163
76,858
65,630
73,849
62,966
75,730
64,678
77,828
66,576
80,025
68,299
81,002
69,225
22629
16,897
23,809
17,886
23,415
17,546
23,647
17,774
23,812
17,990
24,363
18,232
24,700
18,455
643
744
739
686
683
666
729
679
774
714
771
683
797
653
161
820
178
803
177
833
176
805
174
784
185
791
191
745
5,125
9,736
7,858
1,879
4,169
4,502
7,738
6,125
20,381
10,594
1,928
5,845
10,800
8,812
1,988
4,513
5,008
8,358
7,051
22,630
11,228
2,016
5,548
10,561
8,600
1,962
4,416
4,804
8,080
6,626
21,581
10,883
1,968
5,764
10,645
8,681
1,964
4,450
4,962
8,228
6,857
22,363
11,052
2,010
5,968
10,686
8,700
1,986
4,487
5,120
8,539
7,118
23,170
11,252
2,041
6,100
11,307
9,267
2,040
4,697
5,146
8,586
7,602
23,407
11,726
2,045
6,389
11,026
8,948
2,078
4,727
5,204
8,806
7,896
23,728
11,777
2,111
1,618
1,856
1,347
1,712
1,887
1,346
1,698
1,955
1,412
1,753
1,906
1,346
1,714
1,859
1,311
1,683
1,829
1,314
1,714
1,814
1,307
543
560
548
515
507
1,433
1,411
1,009
2,732
1,245
6,738
5,873
1,346
1,443
1,035
2,763
1,274
6,945
5,821
1,364
1,489
1,046
2,792
1,328
7,088
6,130
1,375
1,489
1,055
2,826
1,373
7,247
6,245
1,427
2,590
1,164
6,346
5,732
1,328
997
2,692
1,196
6,565
5,869
1,350
788
780
793
780
775
771
787
507
482
498
487
477
463
463
8,433
8,121
8,263
8,436
8,910
8,879
3,897
4,083
4,021
4,040
3,979
4,292
4,355
Colorado
1997
1998'
III'
IV
1998'
1999
1998
1997
I'-
\p
II'
1999
209,209
207,537
1,672
211,736
210,133
1,604
214,437
212,717
1,721
219,191
216,793
2,398
221,802
219,805
1,997
105,143
104,482
114,449
113,546
l l 1,925
111,088
113,255
112,378
114,793
113,920
24,651
23,957
25,901
25,254
25,426
24,843
25,622
25,013
26,076
25,459
26,480
25,701
26,987
26,262
904
837
877
873
117,823
116,796
1,027
118,947
118,054
661
893
693
647
584
608
617
780
725
146,927
9,935
159,627
10,728
155,786
10,542
157,884
10,649
160,135
10,750
164,705
10,973
166,980
11,248
78,155
5,084
86,858
5,602
84,639
5,497
85,727
5,540
87,033
5,601
90,032
5,768
90,943
5,879
17,503
1,256
18,504
1,330
18,125
1,312
18,244
1,315
18,652
1,342
18,996
1,348
19,481
1,402
245
263
251
261
269
271
270
43
29
29
31
33
25
28
248
277
267
276
280
285
282
137,237
33,826
28,536
149,162
34,775
29,706
145,496
34,287
29,427
147,496
34,625
29,615
149,655
34,982
29,800
154,004
35,207
29,980
156,002
35,357
30,443
73,114
18,434
13,595
81,286
18,976
14,188
79,170
18,701
14,054
80,218
18,892
14,145
81,465
19,093
14,235
84,288
19,217
14,318
85,092
19,301
14,554
16,495
4,165
3,991
17,452
4,295
4,154
17,080
4,233
4,113
17,205
4,276
4,141
17,589
4,321
4,166
17,934
4,350
4,197
18,360
4,369
4,257
428
437
446
439
418
445
427
157
144
153
146
134
141
137
105
116
118
117
111
119
107
28,108
29,269
28,981
29,176
29,382
29,535
30,016
13,438
14,044
13,901
13,998
14,101
14,177
14,417
3,885
4,038
3,995
4,024
4,055
4,078
4,150
116,502
11,477
18,948
127,363
12,027
20,233
124,268
11,902
19,616
126,100
11,984
19,800
127,888
12,024
20,223
133,250
12,293
21,437
62,495
5,980
9,681
69,680
6,398
10,780
67,917
6,317
10,405
68,760
6,348
10,620
69,820
6,382
10,832
72,222
6,546
11,264
72,969
6,558
11,416
13,116
1,329
3,057
13,994
1,360
3,150
13,720
1,354
3,050
13,814
1,349
3,082
14,159
1,370
3,124
14,285
1,366
3,346
14,728
1,396
3,357
1,997
164,983
139,501
1,262
3,501
13,674
20,100
13,811
6,289
14,014
9,513
16,877
13,424
47,137
25,482
5,638
1,829
18,015
998
776
660
551
627
19,462
18,956
19,249
19,596
1,958
144,969
121,349
1,019
3,544
11,323
18,490
12,598
5,891
12,620
8,453
15,244
10,498
40,159
23,620
5,250
1,774
16,596
1,849
157,779
133,057
1,155
3,644
12,872
19,590
13,439
6,151
13,785
9,174
16,219
12,077
44,540
24,722
5,406
1,804
17,513
1,672
154,114
129,821
1,099
3,675
12,421
19,400
13,350
6,050
13,637
8,957
15,767
11,243
43,622
24,293
5,360
1,825
17,108
1,604
156,280
131,582
1,130
3,645
12,668
19,562
13,451
6,111
13,666
9,067
16,061
11,964
43,818
24,698
5,410
1,804
17,484
1,721
158,415
133,580
1,172
3,666
13,076
19,634
13,526
6,109
13,614
9,256
16,388
12,197
44,577
24,835
5,424
1,803
17,608
2,398
162,307
137,244
1,219
3,590
13,324
19,764
13,430
6,334
14,224
9,417
16,661
12,903
46,143
25,063
5,429
1,783
17,851
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
804
369
578
530
557
540
683
531
353
266
224
234
229
376
300
20,633
9,312
10,203
9,876
10,062
10,291
10,581
10,886
2,704
2,885
2,827
2,848
2,895
2,969
3,057
1,027
89,005
76,727
893
693
647
584
608
617
780
725
90,050
77,530
16,809
13,970
17,857
14,883
17,542
14,609
17,636
14,678
18,034
15,028
18,217
15,217
18,756
15,683
661
904
837
877
873
77,494
65,904
85,955
73,782
83,802
71,813
84,850
72,699
86,161
73,888
Line
1998'
213,643
211,795
1,849
17,950
12
13
14
15
16
\P
IV
III'
199,598
197,640
1,958
131,194
12,199
21,312
1,264
20,047
4
5
6
7
8
9
10
11
Idaho
1998
1999
1998
II'
542
1,444
1,022
2,745
1,261
6,834
5,924
1,359
974
7,879
Rocky Mountain
1997
509
1,366
1
2
3
502
581
551
568
584
621
643
1,457
5,735
9,277
6,347
2,930
7,398
4,755
7,647
6,255
22,878
11,590
2,564
1,059
7,967
1,530
6,840
9,976
6,874
3,102
8,316
5,192
8,178
7,339
25,831
12,173
2,660
1,082
8,431
1,537
6,427
9,862
6,801
3,061
8,179
5,074
7,926
6,794
25,463
11,989
2,632
1,098
8,258
1,538
6,641
9,848
6,763
3,085
8,226
5,117
8,099
7,287
25,374
12,152
2,660
1,085
8,407
1,517
6,980
10,025
6,974
3,051
8,119
5,218
8,326
7,367
25,752
12,273
2,680
1,079
8,514
1,528
7,310
10,167
6,957
3,211
8,740
5,360
8,361
7,907
26,734
12,278
2,667
1,065
8,546
1,475
7,477
10,332
7,210
3,122
8,453
5,404
8,529
8,224
26,992
12,519
2,765
1,096
8,659
238
180
260
182
249
186
252
183
268
179
271
181
278
174
1,520
3,111
2,130
1,574
3,240
2,251
1,578
3,226
2,260
1,543
3,179
2,193
1,571
3,294
2,296
1,602
3,261
2,255
1,006
1,299
1,073
2,046
1,027
4,457
2,999
1,655
3,306
2,287
1,019
1,326
1,089
2,092
1,077
4,686
3,073
980
989
966
986
998
1,186
1,279
1,035
2,009
1,270
1,272
1,023
1,991
1,276
1,050
2,031
968
1,880
996
1,967
868
971
926
952
980
4,019
2,839
4,332
2,974
4,210
2,933
4,283
2,959
4,380
3,006
542
178
547
184
554
187
545
184
543
184
545
182
579
186
2,119
2,243
2,192
2,230
2,279
2,272
2,308
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
j6
• August 1999
SURVEY OF CURRENT BUSINESS
Table 4.—Personal Income by Major Source
[Millions of dollars, seasonally
Montana
Line
Item
Utah
1999
1998
1997
IncomG by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
1997
1998'
17,276
16,959
317
17,827
17,731
95
17,547
17,490
56
17,786
17,788
-2
17,728
17,731
-3
18,246
17,916
330
18,351
18,250
101
41,681
41,500
181
44,297
44,065
232
43,288
43,063
225
44,070
43,840
230
44,561
44,329
233
45,269
45,029
240
45,949
45,737
212
11,333
926
-28
10,379
3,384
3,513
62
3,451
11,730
971
-29
10,730
3,458
3,640
62
3,578
11,499
958
-28
10,512
3,423
3,611
64
3,547
11,721
982
-30
10,709
3,447
3,630
62
3,568
11,604
968
-28
10,609
3,471
3,648
58
3,590
12,096
979
-29
11,088
3,490
3,668
62
3,607
12,172
1,014
-30
11,129
3,501
3,721
63
3,658
32,610
2,160
1
30,452
5,525
5,705
76
5,629
34,976
2,297
4
32,683
5,686
5,929
88
5,841
34,068
2,249
34,788
2,288
31,822
5,596
32,502
5,659
5,910
86
5,824
35,189
2,306
4
32,887
5,724
5,950
87
5,863
35,857
2,343
7
33,521
5,763
5,985
94
5,891
36,490
2,406
7
34,090
5,788
6,071
90
5,981
8,530
901
1,903
166
1,737
9,034
918
1,778
-73
1,851
8,849
912
1,738
-102
1,840
9,108
935
1,678
-166
1,844
9,018
910
1,676
-174
1,850
9,162
913
2,021
152
1,869
9,405
931
1,836
-66
1,922
26,656
2,717
3,237
82
3,155
28,650
2,797
3,529
121
3,408
27,865
2,764
3,439
120
3,319
28,485
2,800
3,504
121
3,383
28,826
2,804
3,559
119
3,439
29,424
2,820
3,613
122
3,491
29,947
2,850
317
11,017
8,813
96
297
876
863
546
316
941
596
1,426
626
3,092
2,204
532
150
1,522
95
11,634
9,355
110
286
971
955
630
324
939
627
1,488
693
3,287
2,280
550
153
1,577
56
11,442
9,200
107
289
1,025
902
580
322
947
622
1,456
663
3,189
2,243
543
153
1,547
-2
11,722
9,445
109
281
987
1,108
781
327
942
625
1,478
679
3,236
2,278
550
151
1,577
-3
11,607
9,306
109
303
958
887
568
319
927
633
1,487
692
3,309
2,301
553
153
1,595
330
11,766
9,469
115
274
916
921
101
12,071
9,721
119
271
952
946
592
354
961
636
1,557
765
3,513
2,350
586
157
1,607
181
32,428
27,076
130
454
2,608
4,837
3,411
1,426
2,423
1,873
3,548
2,416
8,788
5,352
1,319
254
3,779
232
34,744
29,143
144
448
2,836
4,995
3,513
1,481
2,577
2,048
3,756
2,717
9,623
5,601
1,344
251
4,005
225
33,843
230
34,558
28,931
141
233
34,957
29,421
150
445
2,919
5,003
3,515
1,488
2,624
2,078
3,757
2,794
9,652
5,536
1,340
252
3,944
240
35,618
29,836
148
432
2,842
4,974
3,454
1,520
2,575
2,092
3,900
2,855
10,019
5,782
1,354
249
4,180
212
36,277
30,463
154
421
2,892
5,080
3,550
1,530
2,598
2,114
3,860
2,965
10,379
5,814
1,393
254
4,167
Derivation of Personal Income
Earnings by place of work (lines 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
"8
5,787
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
3,604
Earnings by Industry
Farm earnings
Nonffirm Qdrnincis ..•.«••..
.*....**.....
...*...».*
PrivfltG Gflminos
>•
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
938
627
1,529
737
3,412
2,297
556
154
1,587
135
463
2,747
4,993
3,541
1,452
2,556
1,993
3,651
2,526
9,321
5,457
1,332
253
3,873
California
Line
453
2,835
5,009
3,544
1,465
2,554
2,027
3,718
2,694
9,500
5,627
1,352
251
4,025
Hawaii
Item
1999
1997
1997
1998'
Income by Place of Residence
Personal income (lines 4-11) .
Nonfarm personal income ..
Farm income (line 17)
846,839
839,332
7,507
900,900
893,096
7,804
Derivation of Personal Income
Earnings by place of work (lines 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 .
607,976
40,819
-561
566,596
152,201
128,041
2,629
125,412
43,812
-641
613,445
155,672
131,783
2,558
129,225
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor jncome
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
475,075
46,745
86,155
3,631
82,525
7,507
600,469
512,472
6,315
2,231
30,914
96,393
67,469
28,924
881,119
873,610
7,509
1998'
892,504
884,591
7,913
906,175
898,495
7,680
923,802
915,688
8,114
939,045
931,913
7,132
30,514
30,356
158
31,268
31,097
171
31,022
30,860
162
31,192
31,024
168
31,316
31,142
174
31,543
31,362
181
31,952
31,781
171
153,740
130,770
2,607
128,163
43,324
-623
605,941
155,024
131,539
2,655
128,883
662,420
44,066
-651
617,703
156,373
132,099
2,453
129,646
679,237
45,028
-682
633,528
157,549
132,725
2,516
130,209
693,651
46,502
-717
646,432
158,081
134,532
2,544
131,988
21,702
1,412
0
20,290
5,078
5,146
156
4,991
22,180
1,427
0
20,753
5,157
5,358
141
5,217
22,048
1,428
0
20,620
5,095
5,307
146
5,161
22,136
1,427
0
20,709
5,137
5,346
148
5,199
22,187
1,425
0
20,763
5,180
5,373
135
5,239
22,348
1,429
0
20,920
5,218
5,406
137
5,268
22,692
1,463
0
21,230
5,234
5,488
126
5,362
517,432
48,927
91,539
3,639
87,900
502,367
48,245
89,433
3,580
85,853
510,540
48,570
90,778
3,827
86,952
521,548
535,271
49,804
94,162
3,714
90,449
547,997
50,599
95,056
2,524
92,532
17,400
1,714
2,588
5
2,583
17,765
1,694
2,721
17,656
1,702
2,689
6
2,683
17,724
1,699
2,713
6
2,707
17,776
1,691
2,721
6
2,715
17,903
1,685
2,761
6
2,755
18,170
1,700
2,823
4
2,819
7,804
650,094
557,980
7,055
2,044
35,703
103,475
72,938
30,537
40,710
40,787
58,610
56,971
212,624
92,114
7,509
632,536
541,726
6,676
2,087
33,458
103,043
72,878
30,166
40,389
39,683
56,995
53,933
205,461
90,811
12,726
5,757
72,328
7,913
641,975
550,270
6,717
1,990
34,256
103,618
73,236
30,382
40,376
40,273
57,803
55,684
209,553
91,705
12,664
5,687
73,355
7,680
654,739
562,449
7,142
2,005
36,462
102,926
72,472
30,454
40,974
40,947
59,372
57,781
214,840
92,290
12,689
5,632
73,969
8,114
671,124
577,475
7,683
2,095
38,638
104,311
73,165
31,147
41,102
42,246
7,132
686,520
158
21,544
16,003
141
16
1,378
798
191
607
1,823
799
2,656
1,762
6,630
5,540
1,340
1,567
2,633
171
22,008
162
168
21,968
16,345
150
17
1,393
813
198
615
1,823
821
2,651
1,818
6,859
5,623
1,378
1,547
174
22,013
16,405
145
16
1,364
803
192
611
1,852
826
2,648
1,854
6,896
5,608
1,388
1,537
2,683
181
22,167
16,574
153
16
1,352
795
193
602
1,847
811
2,656
1,871
7,072
5,593
1,400
1,530
2,663
171
22,522
16,882
155
15
1,394
832
202
630
1,844
813
2,680
1,923
7,227
5,640
1,436
1,549
2,655
640,045
42,828
-609
91,783
3,437
88,346
2,715
Earnings by Industry
Farm earnings
Nonfarm earnings
•••«
Private earnings
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
37,598
54,461
49,628
196,643
87,997
13,027
5,717
5,667
73,748
Preliminary.
1. The estimates of earnings for 1997-99 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
60,487
220,642
12,716
5,591
75,342
7,887
1,999
39,719
105,612
73,900
31,713
41,687
42,826
60,950
62,536
227,752
95,553
13,253
5,665
76,635
149
16
1,372
805
195
610
1,841
818
2,654
1,828
6,905
5,620
1,382
1,549
2,688
16,230
146
17
1,381
810
197
613
1,840
814
2,662
1,770
6,791
5,656
1,364
1,583
2,709
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. Rental income of persons includes the capital consumption adjustment.
5. Proprietors' income includes the inventory valuation adjustment and the capital consumption adjustment.
._._, disbursements of U.S. residents employed by international organiza6. "Other" consists of the wage
w and salary
tions and foreign embassies and consulates in the United States,
August 1999 • 77
SURVEY OF CURRENT BUSINESS
and Earnings by industry, 1997-1999:11—Continued
adjusted at annual rates]
19!
1997
U )98
1999
1998'
1997
1998'
11,169
11,199
11,023
11,053
-29
-29
11,004
11,114
-110
7,326
7,560
7,456
7,403
7,657
7,723
7.895
509
-20
529
-18
525
-19
524
-17
533
-19
534
-17
547
-17
6,797
2,318
1,732
7,013
2,361
1,795
6,912
2,333
1,778
6,862
2,352
1,790
7,104
2,373
1,801
7,172
2,387
1,812
7,330
2,398
1,840
105
11,278
11,277
11,372
11.350
11,569
11,503
1
22
66
28
28
27
28
27
30
31
1,704
1,767
1,751
1,762
1,774
1,782
1,810
5,706
6,202
6,004
5,917
5,934
6,066
6,101
550
555
552
917
554
558
1,001
-115
1,116
555
984
558
1,070
1,033
1,068
1,136
-111
1,095
-195
1,112
-87
-69
-30
1.120
1,137
1,166
-29
-29
22
66
7,485
5,814
-110
7,513
5,830
1
7,589
5,894
7,656
5,937
7,701
5,995
7,829
6,104
28
1,042
105
7,220
5,586
53
61
57
61
61
65
67
1,157
1,197
1,201
1,191
1,223
1,175
1,159
583
403
164
238
671
260
743
334
652
425
171
255
674
272
789
356
644
417
169
248
685
271
767
334
661
419
170
248
672
275
776
351
648
425
173
252
669
276
787
363
654
441
172
269
672
266
825
377
697
436
173
263
676
270
840
392
1,382
1,635
1,467
1,695
1,439
1,672
1,425
1.683
1,485
1,719
1,520
1,706
1,566
1,725
293
132
305
134
299
135
304
133
308
134
307
133
315
136
1,209
1,256
1,238
1,245
1,276
1,266
1,275
15,823
15,812
15,805
15,793
15,749
15,738
15,762
15,750
15,978
15,966
16,172
16,162
11
12
11
12
12
12
10
931,865
62,371
-2,206
867,288
214,617
184,815
4,224
180,591
949,779
64,234
-2,248
883,297
215,387
187,385
4,212
183,172
11,976
12,455
12,498
12,374
12,370
12,576
12,741
95
105
104
118
96
101
103
2,835
2,977
2,950
2,968
2,988
3,003
3,048
722,520
67,263
120,931
4,043
116,887
739,671
68,031
124,164
4,540
119,624
755,187
68,884
125,709
3,174
122,534
9,627
10,026
10,059
1,012
1,427
9,965
9,959
10,123
10,246
9,873
900,841
768,039
9,362
4,053
54,988
136,950
97,983
38,967
58,025
55,164
84,278
74,637
290.582
132,802
20,246
10,110
102,447
10,584
921,281
786,606
10,065
4,165
57,528
137,685
97,845
39,840
58,553
56,948
85,742
77.817
298.102
134.675
20,323
10,063
104,289
9,489
940,290
802,912
10,337
3,945
59,165
137,984
97,689
40,295
59,208
57,603
86,819
80,593
307,259
137,378
21,146
10,193
106,040
1,225,749
1.215,685
10,064
837,209
56,778
-1,934
778,497
207,009
177,658
4,150
173,508
904,302
60,836
-2,117
841,349
212,031
183,390
4,227
179,163
880,713
59,553
-2,051
819,109
209,312
181,868
4,246
177,622
893,914
60,216
-5,084
831,614
211,138
182,997
4,330
178,667
910,714
61,204
-2,128
847,382
213,057
183,881
4,108
179,773
659,631
64,248
113,331
4,138
109,192
716,660
67,017
120,624
4,301
116,323
696,702
66,177
117,834
4,170
113.664
707,749
66,598
119,567
4,451
115,116
9,460
827,749
700,797
8,371
4,271
48,406
128,302
91,048
37,254
54,519
51,004
77,632
64,615
263,677
126,952
20.355
10.272
96,326
10,022
894,280
761,681
9,279
4,101
54,101
137,088
98,023
39,065
57.815
55,099
83,313
73,538
287,348
132,599
20,234
10,153
102.212
9,566
871,147
740,280
8.797
4,156
51,453
136,272
97,650
38,622
57,435
53,757
81,031
69,763
277,616
130,867
20.201
10.273
100,394
10,064
883,850
751,798
8,893
4,029
52.435
137.444
98,613
38,831
57,246
54,525
82,199
71,935
283,093
132,052
20,166
10,168
101,718
857
-768
10,352
1,941
2,930
885
-601
10,769
1,972
3,082
986
993
1,363
1,435
893
-803
10,801
1,950
3,054
1579/
\p
44,510
44,454
47,795
47,704
46,344
46,259
47,203
47,109
48,135
48,040
49,497
49,407
50,262
50,181
56
91
85
94
95
90
81
33,243
1,989
-653
30,600
7,779
6,130
36,215
2,154
-712
33,350
8,025
6.420
34,883
2,084
-682
32,117
7,868
6,359
35,633
2,121
-698
32,813
7,980
6.409
36,481
2,165
-716
33,599
8,098
6,438
37,865
2,244
-752
34,870
8,154
6,473
38,565
2,304
-760
35,500
8.194
6,568
77,579
76,982
597
56,353
4,079
-1,763
50,511
14,257
12,811
81,310
80,692
II'
80,391
79,819
81,101
80,508
571
593
59,453
4,267
-1,818
53,368
14,671
13,271
58,868
4,253
-1,830
52,786
14,469
13,136
59,365
4,272
-1,837
53,256
14,609
13,236
887
-610
10,880
1,994
3,104
906
-818
11,018
2,002
3,152
990
981
988
993
1,430
1,465
1,503
7
8
8
8
8
8
6
1,356
1,428
1,419
1,412
1,422
1,458
1,497
11
12
11
12
12
12
10
11,965
8,374
12,443
8,842
12,486
8,830
12,363
8,730
12,359
8,817
12,565
8,992
12,732
9,095
607
175
431
210
931
914
576
164
411
217
937
896
559
167
391
230
954
927
571
174
396
1,330
1,316
1,345
200
880
908
598
190
408
216
941
939
578
170
407
1,245
1,337
352
383
371
380
386
395
402
1,168
1,210
1,204
1,212
1,203
1,220
1,236
473
507
487
504
505
533
557
2,551
3,591
2,731
3,601
2,661
3,656
2,687
3,633
2,771
3,541
2,805
3,573
2,859
3,637
207
943
1,020
1,358
236
853
993
598
176
421
1,362
846
618
858
635
856
633
861
634
862
640
853
634
890
640
2,127
2,107
2,167
2,137
2,039
2,086
2,107
19$ 8
81,532
80,918
614
59,539
4,265
-1,804
53.470
14,756
13,306
1QQ7
15757/
\P
IV
III'
618
877
-797
10,697
1,980
3,085
1,420
1999
1998 '
I'
881
-795
10,699
1,964
3,086
1999
iqqor
157570
I'
II'
III'
59,674
58,348
1,326
155,609
154,382
1,227
157,999
156,715
1,284
161,400
160,102
1,298
163,686
162,192
1,494
165,300
163,903
1,397
1
2
3
60,039
4,277
-1,802
53,960
14,851
13,404
61,035
4,383
-1,830
54,823
14,910
13,605
105,959
7,622
1,811
100,148
25,752
22,600
116,101
112,371
8,066
1,872
106,177
26,190
23,242
114,518
8,191
1,869
108,196
26,423
23,380
117,717
8,406
1,839
111,151
26,670
23,580
119,799
8,507
1,839
113,132
26,851
23,703
121,094
8,676
1,877
114,295
26,965
24,041
4
5
6
7
8
9
10
11
8,292
1,855
09,664
1
26,533
23,476
170
176
157
157
143
791
792
6,189
6,234
6,281
6,315
6,425
12,423
12,836
12,708
12,795
12,887
12,955
13,169
21,876
22,653
22,450
22,588
22,733
22,841
23,180
27,287
2,291
3,665
29,821
2.405
3,989
28,661
2,346
3,875
29,306
2,375
3.952
30.045
2,417
4,019
31,272
2,481
4,112
31,836
2,500
4,229
44,970
4,532
6,850
47,589
4,602
7,261
47,120
4,629
7,120
47,547
4,630
7,187
47.674
4.589
7,276
48.017
4,560
7,463
48,783
4,591
7,661
85,272
7,979
12,708
94,027
8,396
13,678
90,838
8,243
13,290
92,667
8,333
13,517
95,518
8,496
13,703
97,085
8,514
14,201
98,155
8,501
14,438
419
449
436
724
823
847
862
861
13
43
40
47
46
40
28
115
100
83
85
86
147
126
367
504
625
486
3,652
3,946
3,835
3,904
3,973
4,072
4,201
6,736
7,161
7,037
7,102
7,190
7,316
7,535
12,341
13,174
12,837
13,039
13,242
13,576
13.951
699
1.131
104,828
87,241
1,039
1,326
1,227
111,144
93,124
1,047
1,284
113,234
95,010
1,081
1,298
116,419
98,173
1,111
1,494
118,306
99,713
1,183
1,397
119,697
100,776
1,212
56
91
85
94
95
90
81
33,187
28,967
36,124
31,525
34,797
30,366
35,539
31,010
31>16
37,775
33,010
38,484
33,542
196
844
239
807
216
834
232
799
240
797
266
796
278
777
3,862
1,577
1,036
4,263
1,716
1,124
4.028
1.684
1,110
4,152
1,712
1,116
4,356
1,732
1,144
4,516
1,735
1,125
4,607
1,641
1,051
541
1,917
1,442
3,272
2,328
13,529
4,220
592
2.076
1.591
3,566
2,667
14,601
4,599
574
2,029
1,535
3,404
2,497
14,137
4,431
596
2,045
1,567
3,527
2,604
14,372
4,529
589
2,064
1,601
3,613
2,770
14,541
4,670
610
2,163
1,661
3,721
2,798
15,353
4,765
590
2,121
1,678
3,813
2.917
15,710
4.942
626
281
656
283
650
284
649
282
654
284
671
282
706
289
3,313
3,660
3,497
3,597
3,732
3,813
3,947
597
55,756
47,739
618
58,835 '
50,439
571
58,297
50,004
593
58,772
50,432
694
59,345
50,842
60,336
51,650
481
84
516
87
505
85
503
84
507
90
548
88
569
85
4,329
10,898
8,534
2,364
3,574
4,208
6,077
3,786
14,302
8,017
1,384
4,388
11,434
9,027
2,407
3,745
4,411
6,458
4,082
15,318
8,396
1,429
4,465
11,533
9,128
2,405
3,708
4,418
6,337
3,955
14,999
8,293
1,425
4,408
11,634
9,222
2,412
3,721
4,450
6,396
4,049
15,189
8,340
1,427
4,399
11,415
9,011
2,405
3,723
4,256
6,502
4,127
15,460
8,447
1,433
4,281
11,155
8,750
2,405
3,829
4,520
6,598
4,196
15,626
8,503
1,432
4,412
11,088
8,680
2,408
3,820
4,473
6,684
4,377
16,141
8,686
1,483
145
149
150
149
149
147
149
6,487
6,818
6,718
6,764
6,865
6,924
7,053
NOTE.—The personal income level shown for the United States 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 of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
614
58,925
50,478
Line
148,500
147,368
1,131
165
441
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
699
83,338
82,639
6,255
427
12
13
14
15
16
694
82,215
81,521
158
434
4
5
6
7
8
9
10
11
\P
IV
5,972
388
1
2
3
Washington
1998
1QQ7
IV r
UK
II'
15,222
15,211
1,210,289
1,200,723
9,566
r
I'
1,286,069
1,276,580
9,489
1,236,770
1,226,748
10,022
1999
Line
1999
1998'
Oregon
1998
1993
1998
1997
\P
IV
1,244,320 1.266,721
1,234,447 1,256,137
10,584
9,873
1,163,164
1,153,703
9,460
Nevada
1997
1999
|||r
|| r
\r
10,847
10,741
Alaska
Far West
Wyoming
215
7,015
18,038
13,628
4,410
7,671
6,605
9,998
6,638
30,022
17,586
3,131
1,943
12,512
114,776
96,505
1,106
206
7,435
19,080
14,569
4,511
8,106
7,109
10,814
7,482
35,169
18,270
3,209
1,870
13,191
453
190
7,101
18,595
14,163
4,432
8,139
6,937
10,429
7,121
33,566
18,020
3.180
1,866
12,974
478
208
7,313
19,092
14,677
4,415
7,965
7,035
10,609
7,275
34,433
18,223
3,188
1,868
13,168
461
207
7,512
19,514
14,997
4,517
8,067
7,148
10,940
7,600
36,074
18,246
3,219
1,868
13,160
217
7,814
19,119
14,438
4,681
8,252
7,315
11,278
7,932
36,603
18,593
3,251
1,880
13,461
215
8,040
18,213
13,681
4,532
8,374
7,412
11,456
8,284
37,570
18,921
3,378
1,900
13,643
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
of source data. In particular, it differs from the NIPA estimate 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.
Appearing together for the first time!
Gross Product Originating and Gross State Product
Gross Product by Industry
for the United States and States
Gross Product Originating for 1947-97
Gross State Product for 1977-97
U.S. DEPARTMENT OF COMMERCE
Economics and Statistics Administration
Bureau of Economic Analysis
A CD-ROM that gives you the information you need to
• Prepare national and regional economic growth models
• Determine the best location for your investments
• Target the best markets for your products
• Forecast State government revenues
Featuring
• Gross product originating for the United States
- Gross product by industry for 1947-97
- Real and price estimates for 1977-97
• Gross state product for each State for 1977-97
- Gross state product by industry
- Real chained-dollar estimates by industry
- Income by type
Available in a user friendly Microsoft Access database and includes data retrieval software.
To order your copy now—for just $35 (product number MCN-0231)—from the Bureau of Economic
Analysis, call our Order Desk at 1-800-704-0415 (outside the United States, call 202-606-9666). Visa
and MasterCard are accepted. To order by mail, call the Order Desk for additional information.
For a copy of the Catalog of Products that lists other products available from the Bureau, call the Order
Desk, or click on the Catalog of Products on our Web site at <www.bea.doc.gov>.
August 1999
Contents • D-l
SURVEY OF CURRENT BUSINESS
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 makes its economic information available on three World Wide Web sites. The BEA Web site <www.bea.doc.gov>
contains data, articles, and news releases from BEA'S national, international, and regional programs. The Federal Statistical
Briefing Room (FSBR) on the White House Web site <www.whitehouse.gov/fsbr> provides summary statistics for GDP and
a handful of other NIPA aggregates. The Commerce Departments STAT-USA Web site <www.stat-usa.gov> provides detailed
databases and news releases from BEA and from other Federal Government agencies 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.
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
International Data
A. Selected NIPA Tables: [QA]
1. National product and income
.
D-2
2. Personal income and outlays
D-6
3. Government receipts, current expenditures,
and gross investment
D-7
4. Foreign transactions
D-ri
5. Saving and investment
D-13
6. Income and employment by industry
D-16
7. Quantity and price indexes
D-17
8. Supplemental tables
D-24
B. Other NIPA and NiPA-related tables:
Monthly estimates: [MA]
B.i. Personal income
B.2. Disposition of personal income
D-27
D-27
Annual estimates: [A]
B.3. GDP by industry
D-28
B.4. Personal consumption expenditures by type of
expenditure
D-29
B.5. Private purchases of structures by type
D-30
B.6. Private purchases of producers' durable
equipment by type
D-30
B.7. Compensation and wage and salary accruals
by industry
D-31
B.8. Employment by industry
D-32
B.9. Wage and salary accruals and employment
by industry per full-time equivalent
D-33
B.10. Farm sector output, gross product,
and national income
D-34
B.11. Housing sector output, gross product,
and national income
D-34
B.12. Net stock of fixed private capital, by type... D-35
C. Historical tables: [A]
C.i. Historical estimates for major NIPA
aggregates
D-36
C.2.-C.7. Growth rates of selected components
of real GDP
D-39
D. Domestic perspectives [MA, QA]
E. Charts:
Selected NIPA series
Other indicators of the domestic economy
D-41
D-43
D-49
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-51
D-52
D-53
D-56
G. Investment tables:
G.i. International investment position of the United
States [A]
D-57
G.2. USDIA: Selected items [A]
D-58
G.3. Selected financial and operating data for nonbank
foreign affiliates of U.S. companies [A]
D-59
G.4. FDIUS: Selected items [A]
D-60
G.5. Selected financial and operating data of nonbank
U.S. affiliates of foreign companies [A]
D-61
H. International perspectives [MA, QA]
D-62
I. Charts
D-64
Regional Data
J. State and regional tables:
J.i. Total and nonfarm personal income [QA].... D-65
J.2. Percent of personal income for selected
components [A]
D-66
J.3. Per capita personal income and
disposable personal income [A]
D-67
J.4. Gross state product [A]
D-68
K. Local area table
D-69
L. Charts
D-71
Appendixes
Appendix A: Additional information about
BEA'S NIPA estimates:
Statistical conventions
Reconciliation tables [QA]
D-73
D-74
Appendix B: Suggested reading
D-75
D-2
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
National Data
A. Selected NIPA Tables
The tables in this section include the most recent estimates of gross domestic product and its components;
these estimates were released on July 29, 1999 and include the "advance" estimates for the second quarter of
1999.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most tables, the annual estimates are also shown. Most of the "annual only" NIPA tables were presented in
the August 1998 SURVEY OF CURRENT BUSINESS; table 8.26 was presented in the September 1998 SURVEY; and
the remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—were presented in the October 1998 SURVEY.
The news release on gross domestic product (GDP) is available at the time of release, and the "Selected
NIPA Tables" are available later that day, on STAT-USA'S Economic Bulletin Board and Internet services; for
information, call STAT-USA on 202-482-1986. In addition, the GDP news release is available the afternoon of the
day of the release, and the "Selected NIPA Tables" a day or two later, on BEA'S Web site <www.bea.doc.gov>.
The "Selected NIPA Tables" are also available on printouts or diskettes from BEA. TO order NIPA subscription products using Visa or MasterCard, call the BEA Order Desk at 1-800-704-0415 (outside the United States,
202-606-9666).
NOTE.—An article in this issue of the SURVEY describes the definitional and classification^ changes that
will be introduced in the upcoming comprehensive revision of the NIPA'S.
1. National Product and IncomeTable 1.1.—Gross Domestic Product
Table 1.2.—Real Gross Domestic Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1998
Gross domestic product
Persons! consumption
expenditures
Durable goods
Nondurable go
Services ....
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Net exports of goods and
services
Exports
Goods
Services ....
Imports
Goods
Services ....
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
II
III
IV
1998
1998
I
I
8,110.9 8,511.0 8,384.2 8,440.6 8,537.9 8,681.2 8,808.7 8,893.3
Gross domestic product
1999
II
IV
I
7,269.8 7,551.9 7,464.7 7,498.6 7,566.5 7,677.7 7,759.6 7,803.6
5,493.7 5,807.9 5,676.5 5,773.7 5,846.7 5,934.8 6,050.6 6,148.3
Personal consumption
expenditures
4,913.5 5,153.3 5,055.1 5,130.2 5,181.8 5,246.0 5,331.9 5,384.7
673.0 724.7 705.1 720.1 718.9 754.5 771.2 777.6
1,600.6 1,662.4 1,633.1 1,655.2 1,670.0 1,691.3 1,736.0 1,771.3
3,220.1 3,420.8 3,338.2 3,398.4 3,457.7 3,488.9 3,543.4 3,599.4
Durable goods
Nondurable goods
Services
668.6 737.1 710.3 729.4 733.7 775.0 798.9 809.8
1,486.3 1,544.1 1,521.2 1,540.9 1,549.1 1,565.1 1,600.9 1,612.7
2,761.5 2,879.5 2,829.3 2,866.8 2,904.8 2,917.2 2,946.8 2,977.2
1,256.0 1,367.1 1,366.6 1,345.0 1,364.4 1,392.4 1,417.4 1,426.7
Gross private domestic
investment
1,206.4 1,330.1 1,321.8 1,306.5 1,331.6 1,360.6 1,388.5 1,399.5
1,188.6 1,307.8 1,271.1 1,305.8 1,307.5 1,346.7 1,377.9 1,407.1
860.7 938.2 921.3 941.9 931.6 957.9 972.6 994.0
240.2 246.9 245.0 245.4 246.2 250.9 255.0 255.7
620.5
327.9
691.3
676.3
349.8
696.6
363.8
685.4
375.8
706.9
388.9
717.6
405.3
738.3
413.1
67.4
59.3
95.5
39.2
57.0
45.7
39.5
19.6
-93.4 -151.2 -123.7 -159.3 -165.5 -156.2 -196.9 -225.7
965.4 959.0 973.3 949.6 936.2 976.8 962.7 972.9
688.3 680.8 694.5 668.8 663.3 696.6 677.7 683.1
277.1 278.2 278.8 280.8 272.9 280.2 285.0 289.8
1,058.8 1,110.2 1,097.1 1,108.9 1,101.7 1,133.0 1,159.6 1,198.6
888.3 932.4 920.9 931.8 924.7 952.2 975.2 1,009.6
170.4 177.8 176.2 177.1 177.0 180.8 184.5 189.0
1,454.6 1,487.1 1,464.9 1,481.2 1,492.3 1,510.2 1,537.5 1,544.1
520.2
346.0
174.3
934.4
520.6
340.4
180.2
966.5
511.6
331.6
180.0
953.3
520.7
339.8
180.9
960.4
519.4
343.7
175.7
972.9
530.7 536.6 533.3
346.4 345.5 343.5
184.3 191.1 189.8
979.5 1,000.9 1,010.8
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
1997
1999
1998
I
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods .
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual.
1,138.0 1,267.8 1,224.9 1,264.1 1,270.9 1,311.0 1,344.0 1,373.6
859.4 960.7 931.9 960.4 958.7 991.9 1,012.2 1,038.5
203.2 203.0 203.1 201.9 202.0 205.0 207.8 207.2
660.9
282.8
770.2
312.0
738.8
298.5
771.3
309.1
769.3
316.5
801.5
324.1
819.8
335.9
849.6
340.1
63.2
57.4
91.4
38.2
55.7
44.2
38.7
19.4
-136.1 -238.2 -198.5 -245.2 -259.0 -2500 -303.6 -323.0
970.0 984.7 991.9 972.1 965.3 1,009.6 996.5 1,007.6
726.5 742.6 748.5 726.3 727.3 768.4 751.2 760.0
247.0 246.4 247.8 248.8 242.1 247.0 249.6 252.0
1,106.1 1,222.9 1,190.4 1,217.3 1,224.3 1,259.6 1,300.1 1,330.6
945.7 1,054.4 1,021.0 1,048.8 1,056.3 1,091.7 1,127.6 1,158.4
161.8 171.2 171.3 171.0 170.8 171.6 176.5 177.0
1,285.0 1,296.9 1,283.0 1,294.8 1,299.6 1,310.3 1,323.9 1,320.0
458.0
308.9
148.6
827.1
453.3
300.4
152.1
843.8
446.1
293.3
151.9
837.1
454.1
300.3
152.9
840.9
452.5
303.5
148.4
847.3
460.6
304.6
155.2
850.0
458.4
299.4
158.0
865.8
454.7
296.9
156.8
865.5
-7.3
-11.1
-14.2
-8.4
-6.1
-16.3
-9.1
-8.2
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. %fPercent changes
from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change
in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table appear in table 7.1.
National Data • D-3
SURVEY OF CURRENT BUSINESS
August 1999
Table 1.3.—Gross Domestic Product by Major Type of Product
Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
I
1997
1999
1998
IV
II
8,043.5 8,451.6 8,288.7 8,401.3 8,480.9 8,635.5 8,769.1 8,873.8
67.4
59.3
95.5
39.2
57.0
45.7
39.5
19.6
2,978.5
I78.5 3,104.0 3,101.3 3,064.5 3,085.9 3,164.4 3,193.7 3,214.6
Goods
2,911.1 3,044.7 3,005.8 3,025.3 3,029.0 3,118.8 3,154.1 3,195.1
Final sales
Change in business
inventories
39.5
45.7
39.2
57.0
67.4
19.6
95.5
59.3
1,343.8 1,416.2 1,426.9 1,385.4 1,392.5 1,460.1 1,452.5 1,451.6
1,310.1 1,391.0 1,376.9 1,380.8 1,373.0 1,433.1 1,436.1 1,451.7
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
,
-.1
16.5
27.0
19.5
25.2
4.5
49.9
33.6
1,634.8 1,687.8 1,674.4 1,679.1 1,693.4 1,704.3 1,741.2 1,763.1
1,601.0 1,653.7 1,628.8 1,644.4 1,655.9 1,685.7 1,718.1 1,743.4
33.8
34.1
45.6
34.7
37.5
18.7
19.7
23.1
4,414.1 4,641.0 4,538.4 4,619.5 4,678.5 4,727.7 4,793.7 4,853.4
Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
718.3
765.9
744.6
756.6
773.5
789.0
821.3
825.3
293.7
301.8
300.3
289.7
284.8
332.4
314.0
320.7
7,817.2 8,209.2 8,083.9 8,150.9 8,253.1 8,348.8 8,494.6 8,572.6
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Residual
Goods
Final sales
.....
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
1999
III
I
I
8,110.9 8,511.0 8,384.2 8,440.6 8,537.9 8,681.2 8,808.7 8,893.3
Gross domestic product
Final sales of domestic
product
Change in business
inventories
1998
1998
I
IV
7,269.8 7,551.9 7,464.7 7,498.6 7,566.5 7,677.7 7,759.6 7,803.6
7,203.7 7,491.3 7,372.5 7,456.4 7,507.6 7,628.9 7,715.4 7,776.0
38.7
44.2
19.4
55.7
38.2
57.4
63.2
91.4
8.2
3.2
3.2
5.5
4.6
4.0
.8
2.9
2,867.9 3,011.6 3,000.8 2,969.7 2,995.0 3,080.9 3,111.4 3,126.9
2,799.7 2,949.6 2,904.3 2,927.7 2,934.8 3,031.7 3,067.4 3,101.4
19.4
55.7
38.2
57.4
63.2
38.7
44.2
91.4
1,364.8 1,476.1 1,470.3 1,437.1 1,457.1 1,540.0 1,543.7 1,547.8
1,331.9 1,451.4 1,420.4 1,434.1 1,438.2 1,513.1 1,527.9 1,549.7
-.1
25.8
18.5
4.2
23.9
31.6
15.8
47.3
1,509.6 1,546.9 1,541.6 1,541.6 1,547.8 1,556.6 1,581.8 1,592.9
1,475.1 1,510.9 1,495.2 1,505.4 1,508.3 1,534.5 1,555.0 1,568.3
34.1
18.4
37.4
44.1
33.5
31.5
19.6
22.9
3,798.7 3,916.5 3,854.8 3,907.3 3,940.1 3,963.7 3,990.9 4,020.8
612.5 637.1 625.2 632.1 641.7 649.3 673.0 671.4
-11.5 -21.4 -22.3 -18.6 -17.7 -27.1 - 2 5 . 9 - 2 6 . 1
260.8
269.6
268.5
260.7
253.0
281.2
296.2
287.3
7,008.8 7,281.9 7,195.9 7,237.6 7,313.0 7,381.4 7,478.0 7,516.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
;t 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 structures 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.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1992) dollars]
Gross domestic product
8,110.9 8,511.0 8,384.2 8,440.6 8,537.9 8,681.2 8,808.7 8,893.3
Less: Exports of goods and
services
Plus: Imports of goods and
services
1,058.8 1,110.2 1,097.1 1,108.9 1,101.7 1,133.0 1,159.6 1,198.6
Equals: Gross domestic
purchases
8,204.3 8,662.2 8,508.0 8,599.9 8,703.4 8,837.4 9,005.6 9,119.0
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers
965.4
67.4
959.0
59.3
973.3
95.5
949.6
39.2
936.2
57.0
976.8
45.7
962.7
39.5
972.9
19.6
8,136.9 8,602.8 8,412.5 8,560.6 8,646.4 8,791.7 8,966.0 9,099.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers
7,269.8 7,551.9 7,464.7 7,498.6 7,566.5 7,677.7 7,759.6 7,803.6
970.0
984.7
991.9
972.1
965.3 1,009.6
996.5 1,007.6
1,106.1 1,222.9 1,190.4 1,217.3 1,224.3 1,259.6 1,300.1 1,330.6
7,396,5 7,765.9 7,644.9 7,718.6 7,798.8 7,901.3 8,027.8 8,087.0
63.2
57.4
91.4
38.2
55.7
44.2
38.7
7,330.2 7,705.2 7,552.2 7,676.4 7,739.8 7,852.5 7,983.6 8,059.7
:t 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
Table 1.8.—Real Gross Domestic Product by Sector
[Billions of dollars]
[Billions of chained (1992) dollars]
Gross domestic product
Businessl
8,110.9 8,511.0 8,384.2 8,440.6 8,537.9 8,681.2 8,808.7 8,893.3
6,836.5 7,189.7 7,083.1 7,126.3 7,209.5 7,339.8 7,447.5 7,521.3
Nonfarm1
Nonfarm less housing
Housing
Farm
6,746.3 7,105.4 6,999.3 7,041.4 7,126.3 7,254.7 7,367.9 7,443.9
6,047.2 6,373.3 6,285.4 6,315.0 6,387.1 6,505.5 6,605.8 6,671.2
699.1 732.2 713.9 726.4 739.2 749.1 762.2 772.8
90.2
79.6
77.4
83.8
84.3
84.9
83.2
85.1
361.4 380.6 371.1 377.9 383.9 389.4 395.0 400.0
Households and institutions ...
12.5
12.7
11.8
Private households
12.0
12.1
12.0
12.2
12.4
Nonprofit institutions
349.4 368.5 359.2 365.9 371.7 377.0 382.4 387.2
General government2
912.9 940.7 930.1 936.3 944.5 952.0 966.2 972.1
288.6 287.1
282.1
Federal
281.3 281.9
281.2 281.8 282.4
State and local
631.7 658.8 648.0 655.2 662.6 669.6 677.6 685.0
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.
19.4
Gross domestic product
Business !
Nonfarml
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual
7.269.8
6.164.9
6,074.3
5,470.5
604.5
90.3
321.5
10.2
311.3
786.2
235.4
551.3
-3.7
7,551.9
6,433.8
6,340.6
5,728.5
613.8
92.4
328.8
9.9
318.9
793.6
231.9
562.5
-€.0
7,464.7
6,352.3
6,260.4
5,655.9
606.2
91.1
326.7
9.8
316.9
789.6
232.4
557.9
-5.5
7,498.6
6,382.6
6,290.5
5,680.5
611.5
91.4
327.7
9.9
317.9
792.2
231.9
561.1
-5.6
7,566.5
6,445.9
6,351.8
5,736.1
617.3
93.6
329.4
10.0
319.5
795.4
232.0
564.2
-6.2
7,677.7
6,554.2
6,459.7
5,841.4
620.4
93.7
331.4
10.0
321.5
797.2
231.5
566.6
-7.4
7,759.6
6,632.7
6,537.9
5,912.7
627.4
93.6
333.0
10.1
322.9
799.6
230.4
570.2
-7.7
7,803.6
6,675.2
6,578.6
5,948.2
632.5
95.9
334.4
10.2
324.3
800.0
228.9
572.2
-8.6
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.
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 ana the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table appear in table 7.14.
D-4
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 1.9.—Relation of Gross Domestic Product, Gross National Product,
Net National Product, National Income, and Personal Income
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
I
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
oroduct
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
II
1997
1999
1998
1998
III
IV
I
8,110.9 8,511.0 8,384.2 8,440.6 8,537.9 8,681.2
8,893.3
265.5
269.2
270.3
270.6
265.0
270.7
274.3
273.5
289.6
285.1
289.3
292.1
291.9
294.6
9080
753.3
894.5
741.1
902.3
748.5
912.3
757.3
923.0
766.4
931.9
774.9
942.5
784.1
760.5
810.4
790.5
803.2
816.8
831.0
844.7
858.4
40.4
151.6
57.0
154.7
49.4
153.4
54.7
153.7
59.5
155.0
64.6
156.6
69.8
157.0
74.3
158.4
128.3
130.4
129.4
129.6
130.6
131.9
132.0
133.0
23.4
24.3
24.0
24.2
24.4
24.7
25.0
25.4
7,231.1 7,582.5 7,474.9 7,519.6 7,598.5 7,737.1 7,856.5
627.2
655.3
641.9
647.7
656.5
675.1
673.6
682.3
351
-55.8
361
-76.5
356
-54.1
360
363
-85.7 -102.0
36.4
-64.2
36.4
-$3.1
36.8
21.9
27.1
23.5
36.3
25.5
31.5
24.6
Less: Consumption of fixed
capital
Private
Government
General
government
Government
enterprises
6,784.0 7,126.1 7,003.9 7,081.9 7,160.8 7,257.9 7,349.3 7,442.5
Addenda:
Gross domestic income
Gross national income
Net domestic product
,,
8,166.7 8,587.5 8,438.4 8,526.3 8,639.9 8,745.4 8,901.8
8,158.7 8,567.0 8,423.6 8,507.6 8,612.8 8,724.2 8,881.5
7,239.1 7,603.0 7,489.8 7,538.3 7,625.6 7,758.2 7,876.8 7,950.9
27.8
28.1
28.3
28.6
28.9
IV
I
II
7,269.8 7,551.9 7,464.7 7,498.6 7,566.5 7,677.7 7,759.6 7,803.6
238.0
239.5
241.0
241.0
235.7
240.4
242.8
240.7
252.7
249.6
252.8
254.6
253.9
255.3
7,266.2 7,537.8 7,455.2 7,485.9 7,546.7 7,663.3 7,746.3
808.8
672.2
137.4
861.5
713.9
139.4
841.1
694.4
138.6
854.4
707.2
139.0
867.8
719.8
139.8
882.6
734.0
140.3
898.1
748.9
140.8
914.3
764.6
141.4
116.1
117.5
116.9
117.2
117.8
118.1
118.5
118.9
20.6
21.2
21.0
21.1
21.3
21.5
21.6
21.8
6,457.3 6,680.8 6,617.8 6,635.8 6,683.8 6,785.8 6,853.9
Addenda:
Gross domestic income l
Gross national income2
Net domestic product
7,319.7 7,619.7 7,512.9 7,574.8 7,656.8 7,734.5 7,841.6
7,316.2 7,605.7 7,503.4 7,562.1 7,637.0 7,720.1 7,828.3
6,460.8 6,695.4 6,627.8 6,649.0 6,704.0 6,800.7 6,867.6 6J896.6
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
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-
Table 1.11.-Command-Basis Real Gross National Product
[Billions of chained (1992) dollars]
Dusiness transfer
payments to persons
Equals: Personal income
28.2
1999
III
Equals: Net national product
6,646.5 6,994.7 6,875.0 6,945.5 7,032.3 7,126.0 7,265.2
27.2
II
Chain-type quantity indexes for the series in this table appear in table 7.3.
Less: Corporate profits with
inventory valuation and capital
817.9 824.6 829.2 820.6 827.0 821.7 868.8
consumption adjustments
Net interest
432.0 449.3 440.5 447.1 454.0 455.6 463.9
Contributions for social
727.0 767.5 755.0 762.9 771.6 780.7 798.2 806.7
insurance
Wage accruals less
disbursements
0
0
4.0
4.0
4.0
4.0
4.0
3.7
747.3 764.8 757.0 763.0 769.2 769.9 771.0 777.8
Plus: Personal interest income ...
Personal dividend
260.3 263.1 261.6 262.1 263.0 265.7 268.8 272.7
income
Government transfer
payments to persons
1,083.3 1,120.8 1,111.2 1,117.7 1,124.6 1,129.6 1,146.2 1,152.8
Gross domestic product
Equals: Gross national
product
871.8
720.2
1998
I
Plus: Receipts of factor income
from the rest of the world
Less: Payments of factor income
to the rest of the world
8,102.9 8,490.5 8,369.4 8,421.8 8,510.9 8,660.0 8,788.4
23.9
1998
II
29.3
Gross national product
7,266.2 7,537.8 7,455.2 7,485.9 7,546.7 7,663.3 7,746.3
Less: Exports of goods and
services and receipts of factor
income from the rest of the
world
Plus: Command-basis exports of
goods and services and
receipts of factor income'
1,208.2 1,224.2 1,232.8 1,213.7 1,201.1 1,249.2 1,239.4
Equals: Command-basis gross
national product
Addendum:
Terms of trade 2
1,246.7 1,294.8 1,296.5 1,283.4 1,275.1 1,324.2 1,320.8
7,304.7 7,608.4 7,518.9 7,555.6 7,620.7 7,738.2 7,827.7
103.2
105.8
105.2
105.7
106.2
106.0
106.6
1. Exports of goods and services and r...
of goods and services and payments of factor n
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.-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 7.3.
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-5
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
Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
I
National income
Seasonally adjusted at annual rates
1999
1998
1997
IV
II
1
6,646.5 6,994.7 6,875.0 6,945.5 7,032.3 7,126.0 7,265.2
Compensation of employees ... 4,687.2 4,981.0 4,882.8 4,945.2 5,011.6 5,084.3 5,166.5 5,235.9
Wage and salary accruals
3,893.6 4,153.9 4,065.9 4,121.6 4,181.1 4,246.8 4,317.0 4,377.2
Government
679.5 685.8 692.7 699.2 711.2 716.0
664.2
Other
3,229.4 3,464.6 3,386.4 3,435.8 3,488.4 3,547.6 3,605.7 3,661.2
Supplements to wages and
793.7 827.1 816.8 823.5 830.5 837.
849.6 858.6
salaries
Employer contributions for
434.9
400.7 420.1 414.1 417.9 422.1 426.!
social insurance
Other labor income
392.9 406.9 402.8 405.7 408.4 411.0 414.7 419.6
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
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
551.2
35.5
577.2
28.7
564.2
27.4
571.7
27.7
576.1
25.2
43.0
36.0
34.7
35.0
32.3
41.9
29.6
31.1
-7.5
515.8
485.3
-7.2
548.5
514.6
-7.3
536.8
502.9
-7.2
544.0
511.6
-7.2
550.9
516.9
-7.2
562.2
527.0
-7.1
575.8
539.6
-7.1
585.9
551.7
.6
1.0
2.4
-.1
.7
1.0
.8
-5.0
29.9
32.9
31.5
32.4
33.3
34.2
35.4
36.1
163.6
596.9 598.3 609.9
34.7 22.5 24.0
158.2
162.6
208.6
214.5
158.3
209.5
161.0
212.2
215.7
167.5
220.6
167.7
221.2
171.0
225.0
-.50.4
-51.9
-51.2
-51.3
-52.0
-53.1
-53.5
-54.0
817.9
824.6
829.2
820.6
827.0
821.7
741.2
734.4
246.1
488.3
275.1
213.2
732.3
717.8
240.1
477.7
279.2
198.5
744.3
719.1
239.9
479.2
277.3
201.8
731.3
723.5
241.6
481.8
278.1
203.7
732.1
720.5
243.2
477.3
279.0
198.3
721.5
708.1
235.6
472.5
282.3
190.2
764.2
752.6
250.7
501.9
285.6
216.4
6.9
14.5
25.3
7.8
11.7
13.4
11.6
76.6
92.3
84.9
89.4
94.8
100.2
104.6
432.0 449.3
440.5
447.1
454.0
455.6
463.9
571.8
584.5
589.3
579.0
583.7
586.2
618.1
774.1
806.0
804.5
798.7
807.9
812.8
847.5
296.7
305.4
312.0
300.9
304.8
303.9
332.5
477.3
500.6
492.5
497.8
503.1
508.9
514.9
6.9
767.2
14.5
791.4
25.3
779.2
7.8
790.9
11.7
796.2
13.4
799.3
11.6
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
Gross domestic product
AI
of n/tnlinan/«ial
nonrinanciai
289.7
108.9
521.5
II
III
IV
1
II
Billions of dollars
Gross domestic product
of financial corporate
business
868.8
1999
1998
1998
4,960.9 5,252.1 5,160.6 5,210.0 5,286.0 5,351.8 5,452.8
477.3
500.6
492.5
497.8
503.1
508.9
514.9
521.5
4,483.5 4,751.5 4,668.0 4,712.2 4,782.8 4,842.9 4,937.8
477.8 506.5 495.0 499.2 506.5 525.1 519.0
4,005.7 4,245.0 4,173.0 4,213.0 4,276.3 4,317.8 4,418.9
525.8
3,139.8 3,353.5 3,283.2 3,327.8 3,375.1 3,427.9 3,483.1 3,534.2
2,644.4 2,837.2 2,773.3 2,813.7 2,856.7 2,905.1 2,952.8 2,998.2
495.5
516.3
509.9
514.1
518.4
522.8
530.3
718.9
635.4
246.1
389.3
234.7
154.5
729.0
622.1
240.1
382.0
254.0
128.0
730.6
620.5
239.9
380.6
240.6
140.0
723.3
626.2
241.6
384.5
259.9
124.6
737.0
630.5
243.2
387.3
251.0
136.3
724.9
611.3
235.6
375.7
264.6
111.1
767.4
651.2
250.7
400.5
250.6
149.9
6.9
14.5
25.3
7.8
11.7
13.4
11.6
76.6
147.1
92.3
162.5
84.9
159.2
89.4
161.9
94.8
164.1
100.2
164.9
104.6
168.3
546.4
594.7
586.4
591.2
597.1
604.0
625.0
corporate business
Consumption of fixed capital
4,414.5 4,657.4 4,574.2 4,618.8 4,688.9 4,747.8 4,827.7
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
3,999.1 4,222.1 4,145.7 4,185.7 4,251.4 4,305.5 4,380.4
415.4
435.3
428.5
433.1
437.4
442.3
447.3
436.8 461.3 450.5 454.2 461.1 479.2 472.5
3,562.3 3,760.8 3,695.2 3,731.4 3,790.3 3,826.4 3,907.9
536.0
108.9
452.8
478.7
2,871.2 3,066.6 3,002.3 3,043.1 3,086.3 3,134.6 3,185.1 3,231.8
2,416.6 2,592.9 2,534.5 2,571.4 2,610.7 2,654.9 2,698.5 2,740.0
454.6
473.7
467.8
471.7
475.6
479.7
486.6
594.2
505.4
169.8
335.6
229.3
106.3
598.7
487.9
160.4
327.4
249.6
77.9
599.3
484.2
159.7
324.5
237.3
87.2
593.2
491.8
162.1
329.6
254.3
75.3
607.5
497.3
163.8
333.5
247.3
86.2
594.8
478.2
156.1
322.1
259.3
62.8
623.8
505.0
165.8
339.3
247.8
91.5
6.9
14.5
25.3
7.8
11.7
13.4
11.6
81.9
96.9
96.3
95.6
89.8
93.6
93.7
95.2
98.5
96.5
103.2
96.9
107.2
99.0
491.8
]mm'm
111.3
Billions of chained (1992) dollars
Gross domestic product
of nonfinancial
corporate business * ... 4,154.4 43888 4,309.2 4,352.0 4,417.2 4,477.0 4,550.6
Consumption of fixed capital 2 ....
394.6 422.4 409.3 417.7 426,6 436.0 446.0
Net domestic product3
3,759.8 3,966.4 3,899.9 3,934.3 3,990.6 4,040.9 4,104.6
456.5
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.
D-6 • National Data
SURVEY OF CURRENT BUSINESS
August 1999
2. Personal Income and OutlaysTable 2.2.—Personal Consumption Expenditures by Major Type of
Product
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
1998
Seasonally adjusted at annual rates
1999
1997
III
Personal income
Wage and salary
disbursements
Private industries
Goods-producing
industries
Manufacturing
Distributive industries ...
Service industries
Government
3,889.8 4,149.9 4,061.9 4,117.6 4,177,1 4,242.8 4,317.0 4,377.2
3,225.7 3,460.5 3,382.4 3,431.8 3,484.4 3,543.5 3,605.7 3,661.2
975.0 1,026.9 1,019.0 1,023.2 1,028.0 1,037.4 1,048.1 1,060.3
719.5 751.5 750.4 750.8 750.9 754.1 759.2 766.9
879.8 939.6 918.9 932.2 945.8 961.5 971.4 983.0
1,370.8 1,494.0 1,444.5 1,476.4 1,510.6 1,544.6 1,586.2 1,617.9
664.2 689.3 679.5 685.8 692.7
711.2 716.0
392.9
406.9
402.8
405.7
408.4
411.0
414.7
419.6
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
551.2
35.5
515.8
577.2
28.7
548.5
564.2
571.7
27.7
544.0
576.1
25.2
550.9
596.9
34.7
562.2
598.3
22.5
575.8
609.9
24.0
585.9
27.4
536.8
Rental income of persons
with capital consumption
adjustment
158.2
162.6
158.3
161.0
163.6
167.5
167.7
171.0
Personal dividend income...
260.3
263.1
261.6
262.1
263.0
265.7
268.8
272.7
Personal interest income
747.3
764.8
757.0
763.0
769.2 769.9
771.0
777.8
Less: Personal
contributions for social
insurance
Less: Personal tax and nontax
payments
,
1,110.4 1,149.0 1,139.0 1,145.8 1,152.9 1,158.3 1,175.2 1,182.0
565.9
586.5
581.6
585.0
589.0
590.6
597.9
601.4
19.9
22.4
19.5
23.3
19.6
23.3
19.5
23.2
19.5
23.3
19.5
23.3
19.6
24.4
19.3
24.2
151.4
350.8
19.7
331.1
159.2
156.8
357.6
18.7
338.9
158.4
359.6
18.0
341.6
160.3
161.4
363.5
16.7
164.6
368.7
16.3
352.4
166.6
326.2
360.4
17.6
342.8
347.4
340.9
345.1
360.9
17.1
343.8
349.5
346.8
354.1
363.4
370.6
16.0
354.6
367.7
989.0 1,098.3 1,066.8 1,092.9 1,108.4 1,124.9 1,144.1 1,162.1
5,795.1 6,027.9 5,937.1 5,988.9 6,052.4 6,133.1 6,205.2 6,280.4
Personal consumption
expenditures
Interest paid by persons
Personal transfer payments to
the rest of the world (net)
Equals: Personal saving
5,674.1 6,000.2 5,864.0 5,963.3 6,039.8 6,133.6 6,250.7 6,351.1
5S493.7 5,807.9 5,676.5 5,773.7 5,846.7 5,934.8 6,050.6 6,148.3
161.5 172.4 168.3 169.8 173.2 178.3 179.9 182.2
18.9
19.9
19.2
19.9
20.0
121.0
27.7
73.0
25.6
12.6
20.6
20.2
20.6
-45.5
-70.7
Addenda:
Disposable personal income:
Total, billions of chained
(1992) dollars2
5,183.1 5,348.5 5,287.1 5,321.5 5,364.1 5,421.2 5,468.2 5,500.4
Per capita:
21,633 22,304 22,046 22,192 22,373 22,604 22,811 23,034
Current dollars
19,349 19,790 19,632 19,719 19,829 19,980 20,101 20,173
Chained (1992) dollars
Population (mid-period,
millions)
...
267.9 270.3 269.3 269.9 270.5 271.3 272.0 272.7
Personal saving as a
percentage of disposable
personal income
2.1
1.2
-.7
-1.1
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.
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
5,493.7 5,807.9 5,676.5 5,773.7 5,846.7 5,934.8 6,050.6 6,148.3
673.0
724.7
705.1
720.1
718.9
754.5
771.2
269.5
290.5
277.0
288.8
282.6
313.6
311.0
312.9
271.4
132.1
292.2
141.9
288.5
139.6
288.9
142.3
294.1
142.2
297.3
143.6
309.6
150.6
312.3
152.4
777.6
1,600.6 1,662.4 1,633.1 1,655.2 1,670.0 1,691.3 1,736.0 1,771.3
780.9
278.0
126.5
11.2
403.9
815.3
293.8
112.1
9.6
431.6
796.9
291.0
116.2
9.5
419.4
810.2
295.3
111.6
9.8
428.3
818.7
293.7
111.7
9.8
436.2
835.6
295.1
109.0
9.0
442.7
844.1
308.1
107.6
10.0
466.2
851.6
313.0
123.1
11.0
472.7
3,220.1 3,420.8 3,338.2 3,398.4 3,457.7 3,488.9 3,543.4 3,599.4
896.7 908.1 919.9
829.8 877.9 859.1 871.9
327.3 338.6 327.6 339.2 348.4 339.0 346.6 352.7
126.2 122.1 116.8 124.1 129.8 117.6 121.8 124.7
201.1 216.5 210.9 215.1 218.5 221.5 224.9 228.Q
240.3 252.7 249.5 253.2 253.4 254.8 257.8 261.5
843.4 888.2 871.5 884.2 893.0 904.0 915.3 927.1
979.3 1,063.5 1,030.5 1,049.8 1,079.1 1,094.4 1,115.6 1,138.1
Table 2.3.—Real Personal Consumption Expenditures by Major Type of
Product
[Billions of chained (1992) dollars]
Equals: Disposable personal
Less: Personal outlays
1999
6,784.0 7,126.1 7,003.9 7,081.9 7,160.8 7,257.9 7,349.3 7,442.5
Other labor income
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees
retirement benefits
Other transfer payments
Family assistance1 ...
Other
1998
1998
Personal consumption
expenditures
Durable goods ,
Motor vehicles and parts ....
Furniture and household
equipment
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
4,913.5 5,153.3 5,055.1 5,130.2 5,181.8 5,246.0 5,331.9 5,384.7
668.6
737.1
710.3
729.4
733.7
775.0
798.9
239.3
259.6
247.8
258.9
252.6
279.3
278.9
280.3
307.7
127.7
347.3
138.5
335.8
135.1
339.3
138.6
352.0
139.1
362.1
141.0
381.6
148.7
391.0
150.1
1,486.3 1,544.1 1,521.2 1,540.9 1,549.1 1,565.1 1,600.9 1,612.7
699.3
288.4
117.9
10.3
373.0
718.0
310.3
119.9
9.6
390.3
706.8
307.4
118.5
9.2
383.5
716.3
311.4
118.4
9.7
389.2
718.9
309.8
121.1
9.9
393.4
730.1
312.5
121.5
9.5
395.2
734.3
333.1
121.4
10.7
407.3
738.5
335.2
121.9.
11.4
411.6
2,761.5 2,879.5 2,829.3 2,866.8 2,904.8 2,917.2 2,946.8 2,977.2
717.4
301.3
116.0
185.1
212.2
701.7
830.5
735.0
316.8
116.2
200.5
220.4
723.2
728.7
306.3
110.5
195.6
217.9
714.9
862.9
732.7
316.5
117.4
198.9
221.4
721.6
876.7
737.1
326.3
123.8
202.4
220.5
725.3
898.2
741.5
318.2
112.9
205.0
221.8
730.8
906.3
746.8
325.6
116.9
208.4
223.6
734.5
918.4
750.9
332.8
119.7
212.7
225.0
739.9
931.2
-13.0
-21.5
-19.5
-20.3
-22.3
-23.5
-32.7
-34.7
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. %fChain-type quantity indexes for the series in this table appear in table 7.4.
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
3. Government Receipts, Current Expenditures, and Gross InvestmentTable 3.1 .—Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
1999
1998
I
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Current expenditures
Consumption expenditures
...
Transfer payments (net)
To persons
To the rest of the world (net)
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Current surplus or deficit (-), national income and product accounts
Social insurance funds
Other
IV
I
2,589.2 2,761.2 2,703.6 2,745.2 2,779.7 2,816.2 2,866.6
989.0 1,098.3 1,066.8 1,092.9 1,108.4 1,124.9 1,144.1 1,162.1
246.1 240.1 239.9 241.6 243.2 235.6 250.7
627.2 655.3 641.9 647.7 656.5 675.1 673.6
727.0 767.5 755.0 762.9 771.6 780.7 798.2 806.7
2,476.1 2,538.2 2,504.6 2,529.5 2,538.9 2,579.8 2,574.1 2,596.8
1,219.2 1,250.2 1,227.5 1,248.7 1,252.6 1,271.9 1,282.0 1,292.7
1,096.0 1, 134.0 1,121.1 1,126.7 1,135.8 1,152.2 1,156.1 1,163.5
1,117.7 1,124.6 1,129.6 1,146.2 1,152.8
1,083.3 1,120.8 1,111.2
9.9
9.0
11.2
9.9
13.2
22.6
10.7
12.7
153.8
316.9
229.4
87.5
163.1
14.8
143.1
312.3
222.3
89.9
169.2
148.2
314.3
224.4
89.9
166.1
146.2
314.5
223.4
91.0
168.3
141.9
312.0
221.7
90.3
170.1
136.1
308.3
219.9
88.5
172.2
127.3
300.8
212.4
88.3
173.5
16.1
15.7
16.0
16.0
16.6
16.7
17.0
21.9
33.4
11.5
27.1
34.2
23.5
31.8
23.9
31.4
24.6
36.3
31.0
42.8
7.2
8.4
7.5
6.4
6.5
25.5
34.8
9.3
31.5
41.5
10.1
0
0
0
0
0
113.1
138.5
-25.4
223.0
161.9
61.1
199.0
152.0
47.0
215.7
158.3
57.4
240.7
163.8
76.9
0
236.3
173.3
63.0
126.1
301.9
175.8
0
292.4
183.1
109.3
189.9
D-7
D-8
• National Data
SURVEY OF CURRENT BUSINESS
Table 3.2.—federal Government Receipts and Current Expenditures
August 1999
Table 3.3.—State and Local Government Receipts and Current
Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
Seasonally adjusted at annual rates
1999
1998
III
1997
IV
I
1,719.9 1,844.2 1,809.1 1,838.3 1,858.8 1,870.4 1,914.7
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
769.1
745.8
855.7
826.3
908.8
860.7
875.6
26.2
3.2
863.8
836.5
23.8
3.5
875.9
845.7
25.1
3.3
836.5
810.0
23.5
3.0
891.3
829.6
20.6
2.7
26.8
3.4
27.1
3.4
29.8
3.4
Corporate profits tax accruals ....
Federal Reserve banks
Other
210.0
20.6
189.5
204.9
21.7
183.2
204.8
21.6
183.2
206.2
21.5
184.7
207.5
21.8
185.7
201.0
21.7
179.3
213.8
21.5
192.3
858.0
Indirect business tax and nontax
accruals
Excise taxes
Customs duties
Nontaxes
93.8
59.5
19.6
14.6
95.9
62.6
19.6
13.6
93.9
60.7
19.1
14.1
95.2
61.9
19.3
13.9
98.3
63.8
20.7
13.7
96.0
64.0
19.2
12.8
95.7
63.9
19.1
12.6
96.0
64.5
19.0
12.5
Contributions for social insurance
647.0
685.4
673.9
681.2
689.2
697.5
714.0
721.7
Current expenditures
1,741.0 1,771.4 1,750.3 1,763.9 1,766.7 1,804.6 1,792.0 1,804.7
Consumption expenditures
460.4
461.0
450.9
464.0
458.7
470.6
471.8
469.8
Transfer payments (net)
To persons
To the rest of the world (net)
791.9
779.2
12.7
816.6
803.4
13.2
808.5
817.0
805.8
11.2
829.8
807.2
9.9
811.1
802.1
9.0
22.6
830.4
820.5
9.9
834.4
823.7
10.7
Grants-in-aid to State and local
governments
225.0
231.1
228.7
226.9
231.4
237.4
241.1
245.4
231.2
253.6
166.1
87.5
226.1
248.4
158.4
228.8
250.7
160.7
89.9
228.3
221.4
244.2
88.5
214.3
236.5
148.1
88.3
214.9
237.4
159.6
91.0
225.7
248.0
157.7
90.3
22.4
22.3
21.8
22.3
22.3
22.8
22.2
22.5
32.5
33.0
36.6
33.9
33.4
31.5
33.5
31.0
34.0
30.6
45.4
42.4
34.5
34.4
40.2
41.1
-2.7
-1.9
-2.5
-3.4
-6.0
-.1
.9
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Current surplus or deficit
(—), national income
and product accounts
Social insurance funds
Other
0
798.6
0
250.6
155.7
-21.1
72.8
58.8
74.4
92.0
65.8
122.7
70.3
-91.4
94.2
-21.5
84.5
-25.7
90.6
-16.2
96.4
-4.4
105.4
-39.6
115.3
7.4
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
219.9
164.3
32.0
23.6
240.3
180.7
34.5
25.0
230.4
172.3
33.6
24.5
237.2
178.3
34.2
24.7
244.6
184.5
34.9
25.3
248.9
187.7
35.5
25.7
252.8
190.5
36.2
26.1
Corporate profits tax accruals ....
36.0
35.2
35.1
35.4
35.7
34.5
36.9
533.4
261.5
209.1
559.4
271.6
217.4
548.0
268.4
213.9
552.5
270.4
216.3
558.2
271.1
218.5
577.9
283.8
223.9
62.8
70.4
65.7
65.9
68.6
579.1
276.6
221.1
81.3
79.9
82.1
81.1
81.7
82.4
225.0
231.1
228.7
226.9
960.1
997.9
983.0
992.5 1,003.6 1,012.6 1,023.2 1,037.4
758.8
789.1
776.7
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
Contributions for social insurance
Federal grants-in-aid
Current expenditures
Consumption expenditures
231.4
83.2
237.4
70.1
84.2
241.1
253.3
189.9
36.9
26.5
586.3
288.2
226.4
71.7
85.0
245.4
784.7
793.9
801.2
810.2
822.9
315.6
318.8
322.5
325.7
329.1
Transfer payments to persons ...
304.1
Net interest paid
Interest paid
Less: Interest received by
government
-77.4 -33.0 -80.7
63.9 63.6
63.3
-62.2 -63.7 -65.3 -87.0 -88.8
64.2
64.3
64.5
63.8 64.0
140.6
146.9
144.3
146.0
147.7
149.4
151.4
153.3
14.8
16.1
15.7
16.0
16.0
16.6
16.7
17.0
-10.6
.4
-9.5
.4
-9.9
.4
-9.6
.4
-9.4
.4
-9.1
.4
-9.0
.4
-6.8
10.9
9.9
10.3
10.0
9.8
9.5
9.4
9.2
0
0
0
0
Less: Dividends received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Social insurance funds
Other
121.9
I
II
1,094.3 1,148.1 1,123.3 1,133.8 1,152.3 1,183.1 1,192.9
Current surplus or deficit
(-), national income
and product accounts
0
1999
1998
1998
317.4
312.6
134.1
150.2
140.2
141.3
148.7
170.5
169.7
68.1
66.0
67.6
82.5
67.5
72.7
67.7
73.6
67.4
81.3
67.9
102.6
67.8
101.9
.4
68.0
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-9
Table 3.7.—Government Consumption Expenditures and Gross
Investment by Type
Table 3.8.—Real Government Consumption Expenditures and Real Gross
Investment by Type
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1997
1999
1998
1998
Government consumption
expenditures and
1,454.6 1,487.1 1,464.9 1,481.2 1,492.3 1,510.2 1,537.5 1,544.1
gross investment1
520.2
520.6
511.6
520.7
519.4
530.7
536.6
533.3
National defense
Consumption expenditures
Durable goods 2
Nondurable go
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment
346.0
306.3
20.7
7.4
278.2
340.4
301.5
21.2
6.7
273.6
331.6
293.3
20.4
6.5
266.4
339.8
303.0
20.8
6.4
275.8
343.7
302.9
21.8
7.3
273.8
346.4
306.7
21.6
6.6
278.4
345.5
303.7
21.0
6.2
276.5
343.5
300.0
21.8
7.3
271.0
133.3
132.2
133.4
132.2
132.3
130.9
133.9
133.3
56.3
88.6
39.7
5.7
34.0
54.8
86.6
38.9
5.2
33.7
55.3
77.7
38.3
5.4
32.9
54.8
88.9
36.8
4.9
31.9
54.5
87.0
40.9
5.5
35.4
54.7
92.8
39.7
5.0
34.7
54.2
88.4
41.8
5.1
36.7
54.0
83.7
43.5
5.2
38.3
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
174.3
154.2
1.0
6.8
180.2
159.6
-.3
7.9
180.0
157.6
1.2
7.3
180.9
160.9
1.3
7.6
175.7
155.8
-4.S
8.1
184.3
164.0
1.1
8.4
191.1
168.0
1.1
8.6
169.8
1.1
-.1
6.9
146.3
.5
7.4
152.0
0
7.3
149.1
.2
7.4
152.0
.8
7.3
152.5
.9
7.4
154.5
1.2
7.4
158.3
2.3
7.6
158.8
80.2
82.7
81.5
82.3
82.7
84.4
87.9
87.2
11.5
54.7
20.1
10.0
10.0
12.1
57.2
20.7
10.8
9.8
11.8
55.8
22.4
10.6
11.8
11.9
57.9
20.0
10.4
9.6
12.2
57.5
19.9
11.3
8.6
12.4
57.8
20.4
11.0
9.4
12.4
58.0
23.1
10.9
12.1
12.5
59.0
20.0
10.3
9.7
State and local
Consumption expenditures
Durable goods 2
Nondurable goServices ....
Compensation of general
government
employees, except
force-account
construction3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
Equipment
934.4
758.8
16.2
79.7
662.9
966.5
789.1
16.8
78.1
694.2
953.3
776.7
16.6
78.0
682.1
960.4
784.7
16.7
78.4
689.6
972.9
793.9
16.9
78.4
698.5
979.5 1,000.9 1,010.8
801.2 810.2 822.9
17.3
17.1
17.4
78.0
77.7
82.1
706.4 714.9 723.5
566.7
590.9
581.1
587.8
594.2
600.3
607.4
613.7
60.5
35.7
175.6
142.4
33.2
63.5
39.8
177.4
141.9
35.5
62.4
38.6
176.6
142.0
34.6
62.9
38.9
175.7
140.6
35.2
63.9
40.4
179.0
143.2
35.8
64.8
41.3
178.3
141.8
36.5
65.4
42.1
190.7
153.7
37.0
66.5
43.2
187.8
150.0
37.8
Federal
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
810.4
215.0
595.3
215.0
585.6
806.8
214.6
592.2
813.9
215.2
598.8
820.2
215.4
604.8
834.2
222.0
612.2
839.1
220.6
618.5
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.
Government consumption
expenditures and
gross investmentl
1,285.0 1,296.9 1,283.0 1,294.8 1,299.6 1,310.3 1,323.9 1,320.0
458.0
453.3
446.1
454.1
452.5
460.6
458.4
454.7
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
308.9
272.4
20.4
7.0
244.9
300.4
264.1
21.0
7.1
236.1
293.3
257.9
20.1
6.7
231.1
300.3
266.1
20.7
6.7
238.7
303.5
265.1
21.7
7.8
235.9
304.6
267.3
21.6
7.1
238.7
299.4
261.1
20.9
6.8
233.4
296.9
256.9
21.6
7.5
228.2
112.9
109.4
110.6
109.5
109.4
108.0
107.0
106.3
50.5
81.8
36.5
4.5
31.9
77.9
36.3
4.1
32.2
49.6
70.8
35.4
4.3
31.0
49.3
80.3
34.1
3.8
30.3
49.0
77.8
38.5
4.3
34.2
48.7
82.6
37.2
3.9
33.4
48.4
78.5
38.
4.0
34.6
48.1
73.9
40.3
3.9
36.5
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
148.6
128.7
1.4
6.1
152.1
131.5
.3
7.2
151.9
130.0
1.5
6.6
152.9
132.9
1.7
6.9
148.4
128.4
-3.3
7.6
155.2
134.6
1.4
7.8
158.0
135.1
1 5
8^0
156.8
136.3
1.5
9.7
-.1
6.2
121.4
.6
6.6
124.2
0
6.5
122.0
.3
6.6
124.5
1.0
6.6
124.5
1.1
6.7
125.8
1.4
6.7
126.0
2.9
6.8
126.1
60.8
61.5
60.7
61.4
61.5
62.6
62.7
62.0
11.0
50.3
19.8
8.6
11.6
11.6
52.1
20.7
8.9
12.1
11.3
51.0
22.2
8.8
14.1
11.4
52.8
19.9
8.6
11.7
11.7
52.2
19.9
9.3
10.7
11.8
52.3
20.5
9.0
11.8
11.9
52.4
23.3
8.9
15.4
12.0
53.2
20.3
8.4
12.5
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
827.1
672.3
15.1
73.4
583.9
843.8
689.3
15.6
75.7
598.1
837.1
682.8
15.4
74.9
592.7
8409
687.3
15.6
75.4
596.5
847.3
691.6
15.7
76.0
600.1
8500
695.6
15.9
76.6
603.3
865.8
700.8
16.0
77.2
607.8
865.5
704.2
16.1
77.8
610.6
492.8
501.9
498.1
500.9
503.4
505.3
508.0
509.6
54.8
37.7
154.8
121.0
34.3
57.0
41.2
154.4
117.5
38.3
56.1
40.2
154.2
118.5
36.7
56.7
40.7
153.5
117.0
37.7
57.2
41.5
155.6
118.2
38.8
57.8
42.4
154.3
116.1
39.8
58.4
43.7
165.0
125.5
40.9
58.9
44.5
161.2
121.1
42.0
-2.9
-4.8
-3.9
-4.3
-5.1
-5.6
670.2
174.2
496.7
676.2
171.5
505.6
672.8
171.8
501.9
675.1
171.5
504.6
677.7
171.6
507.1
679.2
171.3
509.0
Federal
Residual
784.7
213.5
571.2
1999
1998
1998
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
-7.1
681.3
170.4
512.0
681.3
169.1
513.5
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.
D-10
• National Data
August 1999
SURVEY OF CURRENT BUSINESS
Table 3.10.—national Defense Consumption Expenditures and Gross
Investment
Table 3.11.—Real National Defense Consumption Expenditures and Real
Gross Investment
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
1999
1998
III
346.0
340.4
331.6
339.8
343.7
346.4
345.5
343.5
National defense
consumption
expenditures and
gross investment1 ...
Consumption expenditures..,
306.3
301.5
293.3
303.0
302.9
306.7
303.7
300.0
Consumption expenditures..
Durable goods 2
Aircraft
Missiles
Ships
Vehicles
,
Electronics
,
Other durable goods ......
20.7
9.6
2.6
.7
2.6
4.3
21.2
10.1
2.4
.6
1.0
2.5
4.6
20.4
9.3
2.4
.7
1.0
2.6
4.4
20.8
10.1
2.2
.6
.9
2.5
4.6
21.8
9.9
2.7
.6
1.0
2.5
5.1
21.6
10.9
2.3
.7
1.0
2.4
4.4
21.0
9.6
2.8
.7
1.0
2.5
4.5
21.8
9.4
2.6
.8
1.1
2.7
5.1
7.4
6.7
6.5
6.4
7.3
6.6
6.2
7.3
2.9
1.5
3.0
1.9
1.7
3.1
2.0
1.4
3.1
2.0
1.2
3.1
2.0
2.3
3.0
1.7
1.8
3.2
1.6
1.5
3.1
2.3
1.6
3.4
278.2
273.6
266.4
275.8
273.8
278.4
276.5
271.0
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
capital 4
Other services
Research and
development
Installation support
Weapons support
Personnel support
Transportation of
material
Travel of persons
Other
Gross investment
Structures
Equipment
Aircraft
Ships
Vehicles
Electronics
Other equipment.
Addendum:
Compensation of general
government employees 3 .
133.3
84.2
49.1
132.2
84.5
47.7
133.4
85.0
48.4
132.2
84.4
47.8
132.3
84.5
47.8
130.9
84.0
46.9
133.9
85.6
48.3
133.3
85.1
48.2
56.3
54.8
86.6
55.3
77.7
54.8
88.9
54.5
87.0
54.7
92.8
54.2
88.4
54.0
83.7
28.9
27.0
25.5
6.1
20.8
22.0
25.1
27.5
25.8
6.4
21.5
28.4
25.2
5.8
20.3
29.9
25.7
26.5
25.6
6.6
21.7
23.3
25.0
6.2
20.8
4.6
3.5
-1.3
4.7
3.5
-1.0
-1.8
4.7
3.5
-.6
4.7
3.5
-.8
5.0
3.5
-.7
5.2
3.5
-.7
5.6
3.6
-.7
39.7
38.9
38.3
36.8
40.9
39.7
41.8
43.5
5.4
4.9
5.5
5.0
5.1
5.2
5.1
3.2
6.3
1.3
3.4
13.6
31.9
4.3
2.7
6.0
1.8
3.6
13.5
35.4
6.1
2.9
6.5
1.5
3.3
15.1
34.7
7.1
3.0
6.8
1.4
3.2
13.1
36.7
6.2
4.3
6.8
1.4
3.3
14.7
38.3
6.7
4.2
6.4
1.8
3.6
15.6
133.5
132.2
132.3
130.9
133.9
133.3
26.3
6.4
20.1
4.6
3.6
5.7
34.0
6.0
3.0
6.1
1.5
3.6
13.9
5.2
33.7
5.6
2.9
6.4
1.5
3.4
13.8
133.3
132.2
5.6
18.6
32.9
6.7
22.7
Durable goods 2
Aircraft
Ships
Vehicles
Electronics
Other durable goods
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
capital 4
Other services
Research and
development
Installation support
Weapons support
.....
Personnel support
Transportation of
material
Travel of persons
Other
Gross investment.
Structures
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment.
Residual
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
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 these assets.
1998
308.9
300.4
293.3
300.3
303.5
304.6
299.4
296.9
272.4
264.1
257.9
266.1
265.1
267.3
261.1
256.9
20.4
9.4
2.7
.7
.8
2.8
21.0
9.9
2.5
20.7
9.9
2.3
21.6
2.9
.7
.8
2.8
4.3
9.3
2.7
4.1
21.6
10.8
2.5
.6
.8
2.7
4.2
9.4
.6
.7
2.7
4.4
21.7
9.7
2.9
.6
.8
2.8
4.8
20.9
.8
2.7
4.4
20.1
9.1
2.5
.7
.8
2.8
4.2
.8
.9
3.1
4.9
7.0
7.1
6.7
6.7
7.8
7.1
6.8
7.5
2.8
1.4
2.8
2.6
1.6
2.9
2.5
1.3
2.9
2.7
1.2
2.9
2.8
2.2
2.8
2.4
1.7
3.0
2.5
1.4
2.9
2.9
1.5
3.2
244.9
236.1
231.1
238.7
235.9
238.7
233.4
228.2
112,9
74.8
38.3
109.4
73.1
36.5
110.6
73.8
37.0
109.5
73.1
36.7
109.4
73.2
36.5
108.0
72.4
35.8
107.0
71.8
35.4
106.3
71.3
35.3
50.5
81.8
49.1
77.9
49.6
70.8
49.3
80.3
49.0
77.8
48.7
82.6
48.4
78.5
48.1
73.9
28.5
23.8
21.4
26.6
5.6
26.0
22.6
5.3
22.6
4.9
17.3
15.8
27.4
22.2
5.0
16.8
28.7
22.5
5.8
18.6
25.3
22.5
5.6
17.5
23.1
5.6
18.1
17.6
222
22.0
5.2
16.7
4.5
3.4
4.6
3.1
-.8
4.5
3.1
4.5
3.1
-.5
4.5
3.1
-.7
4.9
3.1
-.6
5.0
3.1
-.6
5.3
3.1
-.6
34.1
38.5
37.2
38.5
40.3
3.8
4.3
3.9
4.0
3.9
4.2
3.2
5.6
1.2
5.0
12.7
30.3
3.5
2.8
5.4
1.6
5.4
12.6
34.2
5.4
2.9
5.8
1.4
5.3
14.1
33.4
6.1
3.1
6.2
1.3
5.2
12.3
34.6
4.7
4.3
6.1
1.2
5.5
13.7
36.5
5.1
4.5
5.9
1.6
6.0
14,6
1998
IV
National defense
consumption
expenditures and
gross investment1 ....
.9
1999
1997
Addendum:
Compensation of general
government employees 3 ....
-1.1
.6
36.5
36.3
-1.5
35.4
4.5
4.1
31.9
4.9
3.1
5.4
1.3
4.9
13.0
32.2
4.8
3.0
5.8
1.4
5.2
12.9
-1.5
-1.6
-.9
-1.8
-2.1
-2.1
-1.9
-2.6
112.9
109.4
110.6
109.5
109.5
108.0
107.0
106.3
4.3
31.0
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 is the difference between the first line and the sum of the most detailed lines, excluding the
line in the addendum.
Chain-type indexes for the series in the table appear in table 7.12.
See footnotes to table 3.10.
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-ll
4. Foreign TransactionsTable 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Real Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
1998
1997
1999
1998
1998
I
Receipts from the rest of
the world
1,230.9 1,228.1 1,243.6 1,220.2 1,201.2 1,247.5 1,237.0
Exports of goods and services ...
Goods 1
Durable
Nondurable
Servicesl
965.4
688.3
483.0
205.3
277.1
973.3
694.5
495.4
199.2
278.8
949.6
668.8
474.3
194.5
280.8
936.2
663.3
476.6
186.6
272.9
976.8
487.4
193.4
278.2
503.3
193.3
280.2
962.7
677.7
491.7
186.0
285.0
Receipts of factor income
265.5
269.2
270.3
270.6
265.0
270.7
274.3
959.0
972.9
683.1
494.3
188.8
289.8
Capital grants received by the
United States (net)
Payments to the rest of
the world
Imports of goods and services .
Goods ]
Durable
Nondurable
Services !
Payments of factor income
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
1,058.8 1,110.2 1,097.1 1,108.9 1,101.7 1,133.0 1,159.6 1,198.6
888.3 932.4 920.9 931.8 924.7 952.2 975.2 1,009.6
589.5 637.6 625.6 634.1 630.1 660.6 678.4 693.7
298.8 294.8 295.2 297.7 294.6 291.6 296.7 315.9
170.4 177.8 176.2 177.1 177.0 180.8 184.5 189.0
273.5
289.6
285.1
289.3
292.1
291.9
294.6
39.5
18.9
12.7
8.0
41.0
19.9
13.2
7.9
37.0
19.2
9.9
7.9
36.8
19.9
9.0
7.9
39.1
20.0
11.2
8.0
51.0
20.6
22.6
7.8
37.5
20.2
9.9
7.4
20.6
10.7
7.5
-140.9 -212.6 -175.6 -214.8 -231.6 ^228.3 -254.7
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.
I
Exports of goods and services
Goods 1
Durable
Nondurable
Servicesl
970.0
726.5
554.5
180.8
247.0
984.7
742.6
573.3
179.7
246.4
991.9
748.5
577.9
181.1
247.8
972.1
726.3
556.2
179.3
248.8
965.3 1,009.6
727.3 768.4
562.9 596.4
174.9 183.5
242.1 247.0
996.5 1,007.6
751.2 760.0
584.6 591.2
178.1 180.4
249.6 252.0
Receipts of factor income
238.0
239.5
241.0
241.0
235.7
242.8
240.4
Imports of goods and services 1,106.1 1,222.9 1,190.4 1,217.3 1,224.3 1,259.6 1,300.1 1,330.6
Goods l
945.7 1,054.4 1,021.0 1,048.8 1,056.3 1,091.7 1,127.6 1,158.4
667.7 752.8 726.9 745.5 749.8 789.1 813.3 841.5
Durable
280.3 305.4 297.6 306.7 309.9 307.6 319.3 322.8
Nondurable
161.8 171.2 171.3 171.0 170.8 171.6 176.5 177.0
Services]
Payments of factor income
1,230.9 1,228.1 1,243.6 1,220.2 1,201.2 1,247.5 1,237.0
IV
240.7
252.7
249.6
252.8
254.6
253.9
255.3
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
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.
D-12 • National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 4.3.—Exports and Imports of Goods and Services by Type of
Product
Table 4.4.—Real Exports and Imports of Goods and Services by Type of
Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
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 go
Exports of services1
Transfers under U.S. military
agency sales contracts ....
Travel
Other transportation
Royalties and license fees ...
Other private services
Other
Imports of goods and
services
imports of goods 1
Foods, feeds, and beverages
Industrial supplies and
and products
Durable goods
Nondurable goods
Petroleum and products
....
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and Darts
Other.!.
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goc
Imports of services'
Direct defense expenditures...
Travel
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
1998
1997
1999
1998
Exports of goods and
965.4
688.3
51.5
152.5
55.1
97.5
44.9
936.2
663.3
42.4
976.8
696.6
47.5
962.7
677.7
43.2
972.9
683.1
45.0
144.2
53.6
90.5
138.1
51.8
86.3
139.3
52.8
86.5
133.2
51.9
81.3
136.7
52.5
84.2
302.0
288.4
299.2
315.0
307.5
306.5
48.9
44.8
58.0
66.9
59.9
53.6
949.6
46.1
973.3
694.5
49.8
142.5
53.7
88.9
148.6
56.4
92.1
295.3
301.2
41.4
54.7
49.4
204.6
45.3
201.2
45.5
207.7
44.8
198.9
45.1
196.1
45.9
202.1
44.5
203.0
46.9
206.0
74.0
72.3
77.7
72.2
65.3
73.9
70.7
73.0
77.4
39.9
37.6
37.5
18.8
18.8
277.1
79.6
40.8
38.9
39.1
19.5
19.5
278.2
78.3
40.2
38.1
38.1
19.1
19.1
278.8
80.1
40.5
39.6
39.1
19.6
19.6
280.8
80.3
41.4
39.0
37.9
19.0
19.0
272.9
79.7
41.0
38.8
41.1
20.6
20.6
280.2
80.1
40.1
40.0
43.1
21.5
21.5
285.0
80.1
41.4
38.7
41.9
20.9
20.9
289.8
17.5
73.3
20.9
27.9
33.7
82.2
21.6
16.3
72.0
20.8
27.6
33.4
85.9
22.3
17.9
72.8
21.4
27.2
33.1
84.4
21.9
15.6
73.9
21.8
26.9
33.9
86.4
22.2
15.7
68.2
19.6
27.4
32.5
87.0
22.5
15.9
73.1
20.3
28.8
33.9
85.5
22.6
17.4
73.7
20.7
29.0
322
89.1
23.0
16.5
75.4
21.6
29.7
32.8
90.5
23.3
1,058.8 1,110.2 1,097.1 1,108.9 1,101.7 1,133.0 1,159.6 1,198.6
888.3 932.4 920.9 931.8 924.7 952.2 975.2 1,009.6
41.2
41.7
41.1
39.7
42.9
41.3
41.8
40.5
135.4
69.3
66.2
71.8
142.7
75.9
66.8
51.2
141.3
73.4
67.9
54.9
144.4
77.2
67.2
53.9
144.8
77.7
67.0
49.2
140.2
75.3
64.9
46.6
140.1
75.4
64.8
43.2
144.0
78.3
65.7
62.6
254.2
270.4
268.9
270.5
267.0
275.1
280.0
288.0
16.6
21.6
17.9
22.4
21.9
24.1
22.0
22.5
72.5
176.3
72.4
178.7
77.6
180.4
80.7
184.8
70.2
167.4
71.7
176.4
71.1
173.9
74.7
176.3
140.8
150.3
148.0
146.0
143.5
163.7
174.1
174.2
193.0
98.5
94.5
53.4
26.7
26.7
170.4
11.5
51.2
18.2
29.3
9.4
43.8
7.0
215.6
110.5
105.1
61.0
30.5
30.5
177.8
12.5
52.5
18.1
30.2
10.2
46.9
7.2
209.3
107.0
102.3
56.7
28.4
28.4
176.2
12.6
52.7
18.3
29.1
11.5
44.9
7.2
217.5
111.6
105.9
57.7
28.9
28.9
177.1
12.2
53.2
18.5
29.6
10.0
46.4
7.2
217.2
110.6
106.6
62.6
31.3
31.3
177.0
12.2
51.3
17.7
30.4
9.7
48.4
7.3
218.3
112.8
105.5
67.1
33.6
33.6
180.8
13.0
52.8
18.1
31.7
9.7
48.1
7.3
226.5
113.9
112.6
70.0
35.0
35.0
184.5
13.6
54.8
18.3
31.4
10.6
48.5
7.2
227.5
118.0
109.5
70.4
35.2
35.2
189.0
14.4
55.7
18.6
32.5
10.9
49.6
7.4
58.4
52.8
56.4
52.0
49.0
53.9
46.9
48.4
629.9
628.0
638.1
616.8
614.3
642.7
630.8
634.8
816.6
881.2
865.9
877.8
875.5
905.6
932.0
947.0
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.
2. Includes parts of foods, feeds, and beverages; of nondurable industrial supplies and materials; and of nondurable nonautomotivG consumer goods.
1999
1998
services
Exports of goods l
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
Transfers under U.S. military
agency sales contracts
Travel
Other transportation
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 services1
Direct defense expenditures
Travel
Other transportation
Other private services
Other
Residual
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
Imports of nonpetroleum
goods
970.0
726.5
43.9
984.7
742.6
43.1
991.9
748.5
45.6
972.1
726.3
41.7
965.3 1,009.6
727.3 768.4
45.4
39.9
996.5 1,007.6
751.2 760.0
41.7
43.8
132.4
48.8
83.6
130.6
49.6
81.1
132.8
51.4
81.5
130.7
49.2
81.6
127.9
48.2
79.8
131.1
49.7
81.5
126.6
49.3
77.5
129.2
50.1
79.2
388.6
408.4
405.5
389.7
407.6
430.6
421.5
423.7
35.0
45.7
41.0
37.4
48.6
55.7
49.4
44.1
143.9
242.8
153.5
241.4
146.2
248.4
149.2
238.3
156.4
235.6
162.2
243.6
162.3
244.6
179.9
248.7
70.4
68.7
73.9
68.7
62.1
70.0
66.8
69.0
73.7
38.5
35.3
37.2
18.6
18.6
247.0
75.8
39.5
36.4
39.7
19.9
19.9
246.4
74.4
38.7
35.6
38.3
19.2
19.2
247.8
76.3
39.2
37.0
39.5
19.8
19.8
248.8
76.6
40.1
36.5
38.7
19.4
19.4
242.1
76.1
39.8
36.3
42.3
21.2
21.2
247.0
76.6
39.1
37.5
44.9
22.5
22.5
249.6
76.6
40.3
36.3
44.1
22.1
22.1
252.0
16.1
64.0
19.7
26.3
30.2
75.0
16.1
-56.8
15.4
61.2
19.8
26.9
29.7
77.8
16.2
-61.1
16.7
62.5
20.3
26.4
29.5
76.7
16.2
-57.1
14.6
62.7
21.2
26.2
30.2
78.3
16.2
-59.2
15.4
57.7
19.2
26.6
28.9
78.8
16.2
-63.5
15.1
61.7
18.5
28.4
30.1
77.4
16.2
-64.4
15.6
62.2
18.2
29.2
28.5
80.4
16.2
-67.0
14.8
63.7
18.7
29.0
29.0
81.3
16.2
-80.7
1,106.1 1,222.9 1,190.4 1,217.3 1,224.3 1,259.6 1,300.1 1,330.6
945.7 1,054.4 1,021.0 1,048.8 1,056.3 1,091.7 1,127.6 1,158.4
40.7
38.2
38.2
38.1
35.5
37.B
39.0
38.3
123.7
61.8
61.8
66.7
137.0
71.1
65.7
71.8
132.8
67.2
65.6
68.3
137.3
71.4
65.6
74.5
140.3
73.3
66.7
73.4
137.6
72.4
64.9
70.8
137.9
71.9
65.8
72.0
141.1
73.7
67.2
75.6
373.3
426.7
413.6
424.7
426.2
442.3
455.8
483.2
14.1
18.0
15.0
18.8
18.3
20.0
18.1
18.5
163.5
217.6
202.5
237.8
187.9
238.5
197.7
237.2
202.3
237.0
222.1
238.6
243.2
243.6
276.8
251.7
158.9
129.4
138.0
135.5
133.9
132.2
150.3
159.2
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
213.7
112.5
101.3
57.3
28.6
28.6
171.2
13.1
49.9
16.0
29.6
9.1
47.4
6.5
-62.7
206.3
107.8
98.5
53.4
26.7
26.7
171.3
13.7
50.6
16.3
28.9
10.3
45.3
6.5
-57.1
215.5
113.4
102.2
53.9
27.0
27.0
171.0
13.1
50.7
16.4
29.1
8.9
46.7
6.5
-61.1
216.1
113.3
102.8
58.8
29.4
29.4
170.8
12.7
49.4
15.5
29.6
8.6
48.9
6.6
-62.9
216.8
115.4
101.6
62.9
31.5
31.5
171.6
12.9
48.7
15.9
30.8
8.6
48.7
6.5
-69.8
225.0 227.2
11.6.6 121.7
108.3 105.7
66.2
65.6
33.1
32.8
33.1
32.8
176.5 177.0
13.9
15.3
51.1
52.0
16.4
15.1
30.7
29.4
9.4
9.6
49.8
49.0
6.4
6.5
-80.1 -103.8
45.8
51.6
45.8
48.6
721.1
710.2
716.1
49.3
48.9
50.9
47.6
681.1
697.9
701.5
682.9
878.3
982.3
952.2
974.6
982.8 1,019.4 1,053.7 1,081.2
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
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.
National Data • D-13
SURVEY OF CURRENT BUSINESS
August 1999
5. Saving and InvestmentTable 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
1999
1998
I
III
IV
1,406.3 1,468.0 1,482.5 1,448.5 1,474.5 1,466.6 1,511.4
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
,
1,141.6 1,090.4 1,130.1 1,079.0 1,078.7 1,073.7 1,061.9
27.7
121.0
73.0
-.6 -45.5
25.6
12.6
296.7 305.4 312.0 300.9 304.8 303.9 332.5
213.2 198.5 201.8 203.7 198.3 190.2 216.4
14.5
11.6
6.9
25.3
13.4
7.8
11.7
76.6
92.3
84.9
89.4
94.8 100.2 104.6
477.3 500.6 492.5 497.8 503.1 508.9 514.9
242.8 252.7 248.6 250.7 254.2 257.5 260.0
3.7
4.0
0
4.0
4.0
4.0
4.0
264.7
49.5
70.6
-21.1
215.2
81.1
134.1
377.6
142.5
69.7
72.8
235.1
85.0
150.2
Capital grants received by the United States (net)
352.4
128.7
69.9
58.8
223.7
83.5
140.2
369.4
143.9
69.5
74.4
225.6
84.3
141.3
395.7
161.6
69.6
92.0
234.2
85.4
148.7
392.9
135.8
70.0
65.8
257.1
86.6
170.5
449.4
192.3
69.5
122.7
257.2
87.5
169.7
,
108.9
521.5
262.6
0
69.5
0
0
Gross investment
-70.7
1,350.5 1,391.5 1,428,4 1,362.7 1,372.5 1,402.4 1,418.3
1,256.0 1,367.1 1,366.6 1,345.0 1,364.4 1,392.4 1,417.4 1,426.7
235.4 237.0 237.4 232.5 239.7 238.3 255.6 251.3
-140.9 -512.6 -175.6 -214.8 -231.6 -228.3 -554.7
-55.8 -76.5 -54.1 -85.7 -102.0 -64.2 -93.1
Gross private domestic investment
Gross government investment
Net foreign investment
Statistical discrepancy
Addendum:
Gross saving as a percentage of gross national product
17.4
17.3
17.7
17.2
17.3
17.2
16.9
Table 5.4.—Private Fixed Investment by Type
Table 5.5.—Real Private Fixed Investment by Type
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1998
1998
I
Private fixed investment
Nonresidential.
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment1
Other
Industrial equipment
Transportation and related
equipment
Residential
Structures
Other structures
Producers' durable
equipment
IV
1997
1999
I
860.7
938.2
921.3
941.9
931.6
957.9
972.6
994.0
240.2
246.9
245.0
245.4
246.2
250.9
255.0
255.7
177.3
33.5
184.1
34.7
180.6
34.2
181.8
34.7
183.7
35.0
190.1
35.1
195.9
35.5
194.7
36.5
22.7
6.7
21.3
6.8
23.5
6.6
22.4
6.5
20.7
6.8
18.7
7.1
16.6
7.0
15.9
8.6
676.3
696.6
685.4
706.9
717.6
738.3
620.5
1998
1998
I
1,188.6 1,307.8 1,271.1 1,305.8 1,307.5 1,346.7 1,377.9 1,407.1
206.6
233.3
226.5
231.6
235.2
239.9
247.4
260.6
81.1
125.5
138.6
95.1
138.3
147.0
91.8
134.7
145.4
94.8
136.8
146.8
95.6
139.5
147.4
98.0
142.0
148.3
100.3
147.1
146.0
104.0
156.6
146.6
152.0
123.3
175.1
135.9
172.4
132.0
181.2
137.0
164.0
138.8
182.8
135.9
181.0
143.2
189.4
141.7
327.9
369.6
349.8
363.8
375.8
388.9
405.3
413.1
319.9
164.4
22.6
132.8
361.1
187.3
24.4
149.4
341.5
175.8
25.1
140.6
355.4
183.8
23.5
148.1
367.3
190.9
23.9
152.6
380.3
198.7
25.3
156.3
396.4
209.0
27.6
159.8
404.1
208.9
27.5
167.8
8.0
8.5
8.3
8.5
8.5
8.6
8.9
9.0
1. Includes new computers and peripheral equipment only.
1999
III
Private fixed investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
Residential ...
Structures
Single family
Multifamily
Other structures....
Producers' durable
equipment
Residual
IV
I
II
1,138.0 1,267.8 1,224.9 1,264.1 1,270.9 1,311.0 1,344.0 1,373.6
859.4
960.7
931.9
960.4
958.7
991.9 1,012.2 1,038.5
203.2
203.0
203.1
201.9
202.0
205.0
207.8
207.2
150.5
28.7
150.9
29.5
150.1
29.2
149.8
29.5
150.1
29.7
153.8
29.7
157.8
30.2
155.7
31.1
17.9
5.8
16.7
5.7
17.9
5.6
17.0
5.5
16.4
5.8
15.3
6.0
13.7
5.9
13.3
7.2
660.9
770.2
738.8
771.3
769.3
801.5
819.8
849.6
298.0
388.1
353.4
376.8
399.6
422.5
448.2
482.4
214.8
126.6
125.9
351.8
141.2
132.7
292.2
136.7
131.5
331.5
139.7
132.5
370.5
142.8
133.1
413.0
145.6
133.5
452.9
151.0
131.2
494.0
161.0
131.9
140.3
113.0
162.0
123.3
159.6
120.2
167.9
124.6
151.7
125.8
168.7
122.5
166.2
128.9
173.7
127.4
282.8
312.0
298.5
309.1
316.5
324.1
335.9
340.1
275.1
137.2
20.2
118.5
303.9
153.0
21.3
130.2
290.5
145.2
22.1
123.8
300.9
151.3
20.7
129.6
308.3
155.6
20.8
132.6
315.7
159.7
21.7
135.0
327.3
167.0
23.6
137.3
331.3
165.8
23.3
143.0
8.2
8.0
8.2
8.2
8.3
8.6
8.8
7.7
-69.1
-158.7; -117.2 -143.7 -172.2 -201.8 -230.3 -262.6
1. Includes new computers and peripheral equipment only.
NOTE.-Chained (19&) 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.
D-14
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 5.10.—Change in Business Inventories by Industry Group
Table 5.11.—Real Change in Business Inventories by Industry Group
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1998
1998
III
Change in business inventories ....
Farm
67.4
4.3
59.3
6.7
52.7
33.2
19.5
20.9
14.5
Nonfarm
Change in book value *
Inventory valuation adjustment2
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
23.3
13.8
9.5
20.1
13.9
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
19.6
11.4
8.2
3.8
2.4
1.4
7.3
5.1
1.3
3.9
2.2
11.0
2.2
8.8
18.2
12.1
63.1
52.1
11.0
21.4
12.5
8.9
6.4
6.3
6.0
2.0
1.8
.2
3.0
-5.9
-6.4
3.5
5.9
8.7
-.2
8.9
95.5 39.2 57.0
5.0
7.7 7.7
90.5 31.5 49.3
56.3 21.2 32.0
34.3 10.3 17.3
19.6
3.1
3.2
39.3
23.3
16.0
36.4 16.3
19.4 36.5
17.1 -20.2
^ . 3 -2.9
-1.8 -4.4
-1.5
1.6
9.7
9.3
7.9
4.9
1.7
4.4
8.2
9.1
7.0
2.8
5.4
2.2
1.1
2.1
-.4 -1.0
17.1
1.1
6.9 -2.3
1.3 -6.5
4.2
5.5
3.4
10.3
8.8
12.9
3.4
1.7
9.5
7.1
25.1
19.9
5.3
7.9
1.6
20.1
12.3
7.7
6.5
30.5
15.5
6.2
26.0
23.3
2.7
2.0
2.4
-.4
4.8
-.1
5.0
3.0
1.8
1.2
15.0
29.2
14.1
12.5
1.5
12.5
11.4
1.1
1.6
1.1
.5
11.7
12.5
3.7
8.7
-.7
7.0
-1.9
9.0
3.9
2.6
1998
I
39.5
31.8
21.9
9.9
28.1
25.8
2.3
13.8
15.4
1.3
1.7
-.4
18.3 -12.7 -5.5
1.8 -17.8 -4.2
-4.1 -15.3 -10.0
1.8
5.9 -2.5
2.7
16.5
5.1
12.3 11.2 4.3
-.1
.4
.8
4.4
11.9 10.4
1998
IV
45.7
6.3
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 (LIFO) basis: The series prior to 1982 is a mix of LIFO and
non-LIFO inventories; the series beginning with 1982 is entirety 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.)
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."
Seasonally adjusted at annual rates
1997
1999
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 go<
Residual
63.2
4.3
58.8
57.4
7.6
50.1
20.1
12.0
8.1
19.9
14.0
5.9
22.0
13.3
8.7
19.5
13.5
6.0
17.5
11.8
5.7
2.0
1.7
.2
18.5
11.0
7.5
3.6
2.3
1.2
6.8
4.7
1.1
3.6
2.1
9.9
1.9
8.1
2.8
-2.8
-5.8
3.2
5.7
8.1
-.2
8.6
-1.0
II
III
IV
91.4
5.3
38.2
55.7
9.1
85.9
30.2
21.0
9.2
29.9
27.0
25.1
2.3
24.8
22.6
2.6
7.6
12.0
7.2
29.6
44.2 38.7
7.2
3.6
37.5 35.1
6.2 -3.3
3.8 -1.7
2.4 -1.6
1.6
15.2
5.9
4.7
-.2
4.7
3.0
14.3
28.3
2.1
2.4
-.3
17.3
1.6
-3.7
5.5
16.1
11.5
.4
11.5
-1.2
8.7
23.9
19.1
4.9
1.8
1.2
-11.9
-16.3
-13.8
-2.3
4.9
10.4
.7
10.0
-1.5
47.0
19.2
19.4
3.8
15.8
-2.7
-4.4
1.5
13.5
14.5
1.3
1.7
-.4
13.7
12.3
1.5
12.2
11.2
1.1
1.5
1.1
.4
-5.3
-7.7
-9.1
1.7
2.6
10.9
11.4
3.3
8.1
-.7
16.1
6.3
4.0
-.1
4.3
6.6
12.3
3.0
1.1
2.1
-.9
1.1
-2.1
-5.9
3.9
3.3
8.2
1.5
9.5
.1
6.9
-.3
-1.3
-1.7
8.8
-.8
9.4
7.8
1.7
9.1
4.8
4.2
8.9
6.9
8.0
2.8
2.1
5.1
-.4
1.2
5.2
9.9
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.
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-15
Table 5.12.—Inventories and Domestic Final Sales of Business by
Industry Group
Table 5.13.—Real Inventories and Real Domestic Final Sales of Business
by Industry Group
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted quarterly totals
Seasonally adjusted quarterly totals
1998
Inventoriesl
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 go<
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 business2
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1998
1999
I
IV
I
1,363.6 1,366.5 1,369.1 1,372.7 1,388.0 1,404.1
108.9 103.9 104.6 111.7 114.2
1,252.8 1,257.6 1,265.2 1,268.1 1,276.3 1,289.9
721.5 720.0 721.8 724.6 727.4 730.5
531.3 537.6 543.4 543.5 548.9 559.4
466.1 469.1 471.1 467.5 465.3 467.9
292.1 295.4 296.1 293.9 292.7 292.4
174.0 173.7 175.0 173.6 172.6 175.5
324.8 326.0 332.0 334.8 336.9 340.2
206.2 205.6 208.4 210.8 212.5 214.3
118.6 120.4 123.6 124.0 124.4 125.9
280.2 280.7 286.7 289.5 291.0 293.5
178.7 177.9 180.4 182.6 184.1 185.3
101.4 102.8 106.3 106.9 107.0 108.2
44.6
45.2
45.4
45.3
45.9
46.7
27.4
27.7
28.0
28.2
28.4
29.0
17.1
17.2
17.5
17.5
17.7
17.3
325.3 323.6 323.0 326.6 330.8 332.9
175.8 171.3 169.8 173.1 174.3 174.7
80.6
81.2
86.9
83.2
82.3
81.8
94.1
88.8
88.1
88.6
92.5
90.9
149.5 152.3 153.2 153.5 156.5 158.2
136.6 138.9 139.1 139.2 143.4 148.9
49.2
47.4
47.6
47.5
48.0
46.8
99.7
89.2
91.3
91.6
92.4
95.4
582.3 590.6 596.0 607.8 617.3 625.1
110.8
312.5
315.2
316.9
325,7
331.3
335.0
2.34
2.15
2.31
2.13
2.30
2.12
2.26
2.09
2.25
2.07
2,25
2.06
4.01
3.99
3.99
3.89
3.85
3.85
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,
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 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.
I
II
Inventories!
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 go<
Residual
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1999
II
IV
I
1,300.3 1,309.9 1,323.8 1,334.8 1,344.5 1,349.4
110.9 113.1 115.3 117.1 118.0 119.0
1,188.9 1,196.4 1,208.1 1,217.5 1,226.3 1,230.2
684.2 685.3 689.9 696.4 700.3 700.3
504.6 511.0 518.1 521.1 525.9 529.8
442.8 448.7 453.5 455.1 454.3 453.6
281.1 285.9 288.9 289.8 289.4 288.3
161.8 163.0 164.8 165.4 165.0 165.4
311.6 313.5 320.9 324.3 326.7 329.0
200.8 201.2 205.0 208.1 210.0 211.2
111.2 112.6 116.2 116.6 117.0 118.1
267.5 268.7 275.7 278.8 281.0 283.0
173.6 173.6 177.0 179.8 181.5 182.2
99.2
94.1
95.3
99.0
99.8 101.0
45.5
44.1
44.8
45.2
45.7
45.9
28.3
27.1
27.6
28.0
28.5
29.0
17.3
17.0
17.3
17.2
17.2
17.0
307.3 304.3 302.9 305.7 309.7 310.0
161.6 157.5 155.6 158.4 160.0 159.5
74.1
78.7
73.8
75.3
72.6
73.0
84.8
86.1
82.9
82.3
87.1
82.8
145.3 146.6 147.2 147.1 149.5 150.3
127.3 129.9 130.9 132.5 135.6 137.6
41.2
41.2
41.0
41.5
41.9
40.8
86.4
88.9
90.0
94.5
96.3
92.2
.4
-.8
-.7
-.6
-.6
-.2
521.6 528.4 532.2 542.1 549.0 554.0
294.0
296.5
298.0
306.6
311.7
314.3
2.49
2.28
2.48
2.26
2.49
2.27
2.46
2.25
2.45
2.23
2.44
2.22
4.04
4.03
4.05
3.97
3.93
3.91
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
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.
D-16
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
6. Income and Employment by Industry.
Table 6.16C—Corporate Profits by Industry Group
Table 6.1 C—National Income Without Capital Consumption Adjustment
by Industry Group
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
I
National income without
capital consumption
adjustment
II
IV
III
I
6,598.0 6,928.6 6,817.1 6,882.3 6,963.3 7,051.9 7,185.8
Domestic industries
6,606.0 6,949.3 6,832.2 6,901.3 6,990.6 7,073.3 7,206.3
Private industries
5,728.5 6,043.0 5,937.2 5,999.1 6,080.4 6,155.5 6,274.1
Agriculture, forestry, and
fishing
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
106.0
52.5
305.1
104.2
50.6
331.1
99.9
54.9
320.1
102.0
51.2
326.7
114.0
47.4
343.1
100.9
49.0
334.3
102.8
46.5
350.6
1,151.0 1,168.7 1,170.9 1,169.3 1,170.3 1,164.1 1,181.1
659.4 684.2 678.8 680.2 682.7 695.2 691.1
491.6 484.4 492.1 489.1 487.6 468.9 490.0
480.9
208.0
139.3
500.8
216.2
149.3
497.3
213.7
148.5
495.1
214.9
147.3
506.9
219.1
150.4
503.9
217.2
150.8
515.5
219.7
156.9
133.6
135.3
135.0
132.9
136.0
137.4
138.9
384.2
543.2
409.2
580.0
400.9
567.0
408.5
576.5
414.0
584.4
413.5
592.3
420.4
606.2
1,192.0 1,273.5 1,245.4 1,264.4 1,281.8 1,302.4 1,339.2
1,513.6 1,624.9 1,580.6 1,605.4 1,641.6 1,671.7 1,711.9
877.5
906.3
Rest of the world
-&0
-20.4
1998
895.0
902.2
910.2
917.8
932.2
-14.8
-18.8
-27.0
-21.2
-20.3
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification.
1999
1998
III
II
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
Financial
Nonfinancial
Rest of the world
Government
1997
1999
1998
Receipts from the rest of the world
Less: Payments to the rest of the world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and equipment
Other
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products ....
Other
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Other
Rest of the world
IV
817.9 824.6
829.2 820.6 827.0 821.7 868.8
718.9 729.0
730.6 723.3 737.0 724.9 767.4
124.7 130.3 131.3 130.1 129.5 130.1 143.5
594.2 598.7 599.3 593.2 607.5 594.8 623.8
99.0
95.7
98.6
96.8 101.4
97.3
149.5 145.8 146.1 146.0 140.5 150.6 161.5
50.4 50.1 47.5 48.7 50.5 53.8 60.1
741.2 732.3 744.3
642.2 636.6
130.0 134.2
23.3 24.6
106.6 109.7
512.3 502.4
214.4 192.8
107.3 108.3
5.6
5.4
731.3
645.8
136.3
24.5
111.8
509.4
197.1
100.8
15.5
15.0
633.9
134.4
24.4
110.0
499.5
194.6
104.5
6.3 5.7
12.6 15.5
27.6
29.2
23.2
24.8 21.8 21.9
6.2
5.8
3.8
30.0 31.2 30.7
107.1 84.5 96.2
22.7 17.9 20.6
28.1 21.1 27.0
8.4 10.9
18.0
38.3 37.1 37.8
88.4 90.4 91.7
17.6 17.7 17.3
31.2 33.3 34.1
39.7 39.3 40.3
49.8 51.3 51.5
61.2 67.2 67.4
98.5 100.7 101.8
99.0
28.5
732.1
721.5 764.2
642.2 624.7 662.8
133.2
24.7
108.5
509.0
195.0
109.4
4.9
17.5
30.4
133.0 146.2
24.6 24.4
108.4 121.8
491.7 516.6
184.5 195.5
118.7 112.7
4.8
1.2
14.6 16.5
34.5
32.7
19.8 20.5 25.0 24.6
4.6
4.9
7.3
7.9
30.1 31.5 32.4 29.7
90.2 85.6 65.8 82.9
21.4 22.0
7.5 18.4
18.9 18.4 20.0 24.8
7.2
10.0
2.3
5.4
39.8 38.0 32.9 37.4
87.5 92.7 89.7 94.1
17.5 18.5 17.7 16.5
32.5 34.8 31.9 37.1
37.5 39.5 40.0 40.5
53.5 53.9 46.3 50.0
67.4 67.1 66.8
73.0
96.5 100.2 104.4 103.9
95.7 98.6 97.3 89.9 96.8 101.4
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification.
National Data • D-17
SURVEY OF CURRENT BUSINESS
August 1999
7. Quantity and Price Indexes.
Table 7.1.—Quantity and Price indexes for Gross Domestic Product
[Index numbers, 1992=100]
1999
1997
1998
129.89
116.42
111.57
111.57
136.30
120.94
112.71
112.70
134.27
119.54
112.33
112.32
135.17
120.09
112.5;
112.56
136.73
121.1
112.85
112.84
139.02
122.95
113.08
113.07
141.06
124.26
113.53
113.52
142.42
124.97
113.98
113.97
130.19
116.44
111.81
111.81
137.63
122.12
112.70
112.70
134.52
119.79
112.30
112.29
136.82
121.58
112.55
112.54
138.55
122.80
112.84
112.83
140.64
124.32
113.14
113.1
143.39
126.36
113.48
113.48
145.70
127.61
114.19
114.18
Durable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
137.77
136.86
100.66
100.66
148.33
150.87
98.33
98.32
144.34
145.39
99.27
99.28
147.39 147.15 154.45 157.87 159.17
149.30 150.18 158.64 163.53 165.77
98.72 97.98 97.35 96.53 96.01
98.73 97.99 97.36 96.54 96.02
Nondurable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
121.09
112.44
107.69
107.69
125.77
116.81
107.66
107.66
123.55
115.09
107.35
107.36
125.22
116.57
107.41
107.42
126.34
117.19
107.80
107.81
127.95
118.41
108.06
108.06
131.33
121.1
108.43
108.44
134.00
122.01
109.83
109.83
Services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
133.64
114.61
116.61
116.61
141.98
119.51
118.80
118.80
138.55
117.42
118.00
117.99
141.04
118.98
118.55
118.54
143.51
120.56
119.05
119.04
144.80
121.07
119.61
119.60
147.06
122.30
120.26
120.25
149.39
123.56
120.91
120.90
158.90
152.62
104.10
104.11
172.96
168.28
102.76
102.78
172.90
167.22
103.39
103.39
170.16
165.29
102.92
102.95
172.62
168.46
102.43
102.47
176.16
172.14
102.28
102.34
179.32
175.66 177.06
102.06 101.92
102.08 101.94
Fixed investment:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
151.72
145.25
104.45
104.45
166.93
161.82
103.20
103.16
162.25
156.36
103.81
103.77
166.67
161.36
103.33
103.29
166.89
162.23
102.91
102.87
171.90
167.35
102.76
102.72
175.88
171.56
102.56
102.52
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
154.28
154.04
100.15
100.15
168.17
172.21
97.71
97.66
165.14
167.04
98.90
98.86
168.85 166.99 171.70 174.34 178.17
172.15 171.84 177.79 181.44 186.15
98.12 97.21 96.61 96.12 95.75
98.08 97.18 96.57 96.08 95.71
141.97
145.92 144.79
145.02 145.55 148.33 150.73 151.12
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
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
Structures:
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
Producers' durable
equipment:
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
1998
1997
179.61
175.33
102.48
102.44
Exports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Exports of services:
Current dollars
1999
150.98 149.98 152.22 148.51 146.41 152.76 150.56
151.70 154.00 155.12 152.03 150.96 157.89 155.85
99.53 97.39 98.13 97.68 96.98 96.75 96.61
99.53 97.39 98.13 97.68 96.98 96.75 96.61
152.15
157.59
96.55
96.55
153.42 151.73 154.79 149.06 147.83 155.26 151.05
161.92 165.52 166.82 161.87 162.10 171.27 167.43
94.75 91.67 92.78 92.07 91.18 90.64 90.20
94.75 91.67 92.79 92.09 91.20 90.65 90.22
152.26
169.40
89.87
89.88
149.41
130.84
114.20
114.20
151.91
132.12
114.99
114.98
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
158.27 165.95 164.00 165.76 164.69 169.37 173.35
165.35 182.81 177.95 181.97 183.02 188.30 194.35
95.72 90.69 92.05 90.98 89.87 89.84 89.09
95.72 90.78 92.16 91.09 89.98 89.95 89.19
179.17
198.91
89.97
90.08
Imports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
163.04 171.13 169.01 171.02 169.71 174.76 178.98
173.56 193.53 187.38 192.49 193.87 200.36 206.95
93.94 88.33 90.07 88.72 87.42 87.11 86.37
93.94 88.42 90.19 88.84 87.54 87.23 86.49
185.29
212.60
87.04
87.16
Imports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
137.34
130.39
105.33
105.33
143.24
137.93
103.83
103.85
141.98
138.03
102.85
102.87
142.70
137.82
103.52
103.54
142.61
137.60
103.63
103.65
145.67
138.29
105.32
105.34
148.63
142.20
104.50
104.52
152.29
142.65
106.73
106.76
115.10
101.68
113.20
113.20
117.68
102.63
114.66
114.67
115.91
101.53
114.17
114.17
117.20
102.45
114.39
114.40
118.09
102.84
114.82
114.83
119.50
103.69
115.25
115.25
121.66
104.76
116.13
116.13
122.18
104.45
116.98
116.98
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
145.25
129.48
112.18
112.18
145.84
129.20
112.89
112.88
146.17
129.91
112.52
112.52
147.21
130.46
112.84
112.84
143.08
126.93
112.73
112.72
146.90
129.48
113.46
113.46
Federal:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
98.53
96.90 98.63 98.38 100.51
86.75 85.86 84.50 86.00 85.71 87.24
113.58 114.83 114.66 114.66 114.77 115.21
113.58 114.84 114.67 114.68 114.79 115.22
101.63 101.01
86.81 86.12
117.05 117.28
117.07 117.29
120.09 120.00 120.06 119.36 119.42 121.16 122.85 122.49
118.22 121.58 120.58 121.49 121.85 122.40 122.67 123.36
118.22 121.60 120.60 121.51 121.87 122.42 122.69 123.38
National defense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
92.07 90.58 88.24 90.43 91.47 92.17
82.20 79.95 78.06 79.93 80.78 81.05
112.00 113.27 113.04 113.12 113.22 113.71
112.00 113.29 113.05 113.14 113.24 113.72
91.95 91.41
79.67 79.02
115.38 115.66
115.41 115.68
159.64 177.85 174.00 179.21 176.33 181.87 184.61 189.95
114.50 118.42 118.26 118.87 115.43 121.12
97.64 99.93 99.83 100.48 97.47 101.97
117.27 118.49 118.46 118.30 118.44 118.78
117.27 118.50 118.46 118.31 118.43 118.77
125.55
103.80
120.96
120.96
124.71
102.99
121.09
121.09
136.04
117.67
115.61
115.60
137.37
117.64
116.79
116.78
170.04 198.16
93.88 89.82
93.88 89.75
190.08 198.43 197.91 206.20 210.92 218.57
91.57 90.35 89.13 88.23 87.56 86.93
91.54 90.32 89.10 88.20 87.53 86.90
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index ...
implicit price deflator
145.37
125.36
115.96
115.96
155.10
132.34
117.21
117.20
183.17
150.79
121.48
121.47
State and local:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
163.86
138.34
118.42
118.44
161.30
137.05
117.71
117.69
166.63
140.31
118.77
118.76
172.40
143.68
120.00
119.99
179.69
148.93
120.66
120.65
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-
Exports of goods and
services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1998
1998
126.99
112.42
112.96
112.96
131.36
114.68
114.55
114.54
129.56
113.77
113.89
113.88
130.54
114.28
114.23
114.22
132.23
115.16
114.83
114.82
133.12
115.52
115.25
115.24
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).
D-18
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 7.2.—Quantity and Price Indexes for Gross Domestic Product,
Final Sales, and Purchases
Table 7.4.—Chain-Type Quantity and Price Indexes for Personal
Consumption Expenditures by Major Type of Product
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
1997
1998
Gross domestic product:
Current dollars
Chan-type quantity index
Chain-type price index
Implicit price deflator
129.89
116.42
111.57
111.57
136.30
120.94
112.71
112.70
134.27
119.54
112.33
112.32
135.17
120.09
112.57
112.56
136.73
121.17
112.85
112.84
139.02
122.95
113.08
113.07
141.06
124.26
113.53
113.52
142.42
124.97
113.98
113.97
Final sales of domestic
product:
Current dollars
Chajn-type quantity index
Chain-type price index
Implicit price deflator
128.95
115.49
111.66
111.66
135.50
120.10
112.84
112.82
132.89
118.20
112.45
112.43
134.69
119.54
112.69
112.67
135.97
120.36
112.99
112.97
138.45
122.31
113.22
113.20
140.59
123.70
113.68
113.66
142.27
124.67
114.14
114.12
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Final sales to domestic
purchasers:
Current dollars
Chain-type quantity 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
1998
130.77
117.89
110.92
110.92
138.06
123.78
111.54
111.54
135.61
121.85
111.29
111.29
137.07
123.03
111.42
111.42
138.72
124.30
111.60
111.60
140.86
125.94
111.84
111.85
143.54
127.95
112.18
112.18
145.35
128.90
112.76
112.76
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
129.84
116.97
111.00
111.00
137.27
122.95
111.66
111.65
134.23
120.51
111.40
111.39
136.60
122.49
111.53
111.52
137.97
123.50
111.72
111.71
140.29
125.30
111.97
111.96
143.07
127.39
112.31
112.30
145.20
128.61
112.91
112.90
111.24 112.89 112.18 112.50 113.16 113.73 114.23 114.48
107.69 98.07 100.84 98.80 97.22 95.43 94.71 100.84
111.05 112.01 111.69 111.88 112.09 112.39 112.75 113.14
Table 7.3.—Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[Index numbers, 1992=100]
129.53
116.16
111.51
111.52
135.73
120.50
112.65
112.64
133.79
119.18
112.28
112.26
134.63
119.67
112.51
112.50
136.05
120.64
112.79
112.78
138.44
122.51
113.01
113.01
140.49
123.83
113.46
113.45
Less: Exports of goods and
services and receipts of
factor income:
Chain-type quantity index
155.43 157.49 158.60 156.14 154.52 160.71 159.45
Plus: Command-basis exports
of goods and services and
receipts of factor income:
Chain-type quantity index
160.36
Equals: Command-basis gross
national product:
Chain-type quantity index
116.77 121.62 120.19 120.78 121.82 123.70 125.13
166.55 166.77 165.08 164.02 170.33 169.90
NOTE.—Percent changesfrompreceding period for selected items in this table are shown in table 8.1.
1999
1998
1998
Chain-type quantity indexes
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross national product:
Current dollars
Chain-type quantity index .
Chain-type price index
Implicit price deflator
1997
1999
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
116.44 122.12 119.79 121.58 122.80 124.32
136.86 150.87 145.39 149.30 150.18 158.64
115.66 125.51 119.77 125.13 122.10 135.03
126.36
163.53
134.82
127.61
165.77
135.49
206.49
162.62
114.61 119.51 117.42 118.98 120.56 121.07
201.53
161.09
121.12
111.26
147.70
113.89
98.20
127.76
122.30
110.92
121.36
108.85
130.63
134.28
108.52
117.02
113.63
127.63
109.00
141.50
139.45
111.83
124.85
115.46
131.17
109.73
147.08
141.47
113.59
129.40
116.10
134.05
112.37
150.14
142.38
114.42
131.21
111.81
100.66
112.65
112.70 112.30 112.55 112.84 113.14 113.48 114.19
88.20
103.41
107.69
111.67
96.39
107.33
109.60
108.30
116.61
84.18 85.92 85.14 83.55 82.09 81.13 79.87
102.52 103.29 102.74 102.21 101.86 101.31 101.58
162.50 183.42 177.34 179.20 185.88 191.25
138.41 150.02 146.43 150.12 150.74 152.81
112.44 116.81 115.09 116.57 117.19 118.41
105.96
127.87
110.59
93.96
116.99
108.80
137.57
112.47
87.87
122.43
107.10
136.29
111.18
84.48
120.30
112.67
123.38
103.67
138.04
137.85
110.55
121.58
108.54 108.93 110.64
138.07 137.36 138.54
111.10 113.60 114.00
91.10 86.82
122.06 123.39 123.97
113.28
127.48
110.13
140.42
140.09
111.60
123.53
113.95
131.47
116.21
142.87
139.49
112.17
126.57
114.64
128.20
105.99
144.66
140.35
113.02
127.70
122.01
111.90
148.63
114.34
104.29
129.11
123.56
Chain-type price indexes
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
Addenda:
Price indexes for personal
consumption expenditures:
Food
Energy»
Personal consumption
expenditures less food
and energy
98.33
99.27
98.72
97.98
97.35
96.01
111.87 111.79 111.55 111.89 112.26 111.51 111.60
107.66 107.35 107.41 107.80 108.06 108.43 109.83
113.54 112.74 113.10 113.88 114.43 114.96 115.31
94.69 94.68 94.84 94.79 94.44 92.49 93.37
93.51 98.05 94.17 92.19 89.64 88.56 100.97
99.60 103.44 101.20 98.30 95.46 93.22 96.33
110.58 109.36 110.06 110.90 112.01 114.47 114.84
118.80 118.00 118.55 119.05 119.61 120.26 120.91
119.92
106.73
104.86
107.93
114.92
123.13
120.17
120.94
106.52
104.09
108.04
114.86
123.70
120.78
121.61
106.44
104.15
107.88
115.29
124.62
121.50
111.67 113.54 112.74 113.10 113.88
108.13 99.24 101.89 99.93 98.44
114.43
96.72
114.96 115.31
96.12 102.29
112.10 113.41 112.89 113.25 113.57
113.94
114.31 114.76
115.66
108.65
108.79
108.68
113.23
120.18
117.91
119.44
106.85
105.10
107.97
114.66
122.82
120.05
117.90
106.96
105.69
107.80
114.51
121.92
119.45
119.00
107.19
105.76
108.12
114.35
122.54
119.78
1. Consists of prices for gasoline and oil, fuel oil and coal, and electricity and gas.
122.50
105.99
104.18
107.16
116.20
125.32
122.26
Table 7.6.—Chain-Type Quantify and Price Indexes for Private Fixed
Investment by Type
[Index numbers, 1992=100]
D-19
National Data
SURVEY OF CURRENT BUSINESS
August 1999
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]
1997
Seasonally adjusted
1999
1998
1997
1998
1998
1999
Chain-type quantity indexes
Private fixed
investment
Presidential
Structures
Nbnresidential buildings,
including farm
Utilities
Mining exploration,
shafts, and wells
Other structures
Producers' durable
equipment
Information processing
and related equipment
Computers and
peripheral
equipment1
Other „
Industrial equipment
Transportation and
related equipment
Other
,
Chain-type quantity indexes
175.33
121.16
171.56
181.44
122.85
135.90
86.12
139.47
87.66
137.58
90.04
123.57
70.27
115.40
73.33
103.15
71.89
99.65
87.12
170.04 198.16 190.08 198.43
197.91
206.20
210.92
218.57
222.13 289.24 263.41 280.84
297.80
314.91
334.06
359.50
120.09 120.00 120.06 119.36
162.23
171.84
119.42
132.99 133.35 132.62 132.32
83.31 85.65 84.77 85.64
132.58
86.08
134.77 125.35 134.72 127.70
70.12
68.64 67,01
145.25 161.82 156.36 161.36
154.04 172.21 167.04 172.15
177.79
186.15
122.49
488.82 800.44 664.79 754.21
140.28 156.49 151.52 154.79
140.93 148.53 147.28 148.36
843.02
158.26
148.98
939.75
161.38
149.49
162.83 188.02 185.27 194.89
142.95 155.99 152.09 157.63
195.83
155.04
Structures
Single family
Multifamily
Other structures
125.33
117.72
154.04
131,79
137.10
129.88
158.07
144.15
Producers' durable
equipment
126.88 135.09 132.40 135.23
135.42
1,030.61 1,124.15
167.33 178.44
146.84 147.65
201.60
161.22
143.84
137.05
165.96
150.12
192.93
163.07
148.93
149.09
143.30
180,12
152.69
137.33
142.44
146.17
104.45 103.20 103.81 103.33 102.91 102.76
102.48
118.22 121.58 120.58 121.49 121.85 122.40
102.56
96.12
122.67
117.79 121.90 120.29 121.38 122.38 123.53
116.62 117.60 117.13 117.36 117.91 117.99
124.06
117.35
124.97
117.54
126.85 127.66 131.00 131.83 126.05 121.77
115.51 118.16 117.66 117.60 118.43 118.95
121.10
119.24
120.04
120.37
125.36 138.34 132.34 137.05
138.43
131.29
162.96
144.85
132.34
124.67
169.09
137.71
143.68
150.79
150.91
142.27
178.03
159.05
Chain-type price indexes
Private fixed
investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration,
shafts, and wells
Other structures
Producers' durable
equipment
Information processing
and related equipment
Computers and
peripheral
equipment1
Other
Industrial equipment
Transportation and
related equipment
Other
100.15
97.71
98.90
98.12
97.21
96.61
89.82
91.57
90.35
89.13
88.23
87.56
86.93
69.31
60.33
64.12
61.49
58.89
56.81
55.21
54.05
37.75 27.21 31.23 28.40 25.65 23.57
99.14 97.99 98.58 98.04 97.79 97.56
110.12 110.79 110.52 110.77 110.80 111.07
21.99
97.50
111.31
20.92
97.31
111.20
108.35 108.08 107.99 107.91 108.06 108.33
109.15 110.25 109.84 109.97 110.33 110.88
109.01
111.21
Structures
Single family
Multifamily
Other structures....
116.29
119.90
112.20
112.11
117.58
121.04
113.25
113.59
118.10
121.45
113.62
114.27
119.17
122.68
114.78
115.14
120.45
124.42
116.40
115.82
Producers' durable
equipment
104.03 103.68 103.92
103.41
103.92
103.45
102.72
115.96 118.42 117.21 117.71 118.77 120.00
118.82
122.40
114.51
114.71
1. Includes new computers and peripheral equipment only.
95.75
123.36
93.88
108.89
111.12
120.66
121.15
125.21
117.14
116.39
Residential
Exports of goods and services
Goods 1
Durable
Nondurable
Servicesi
Receipts of factor income
Imports of goods and services
Goods 1
Durable
Nondurable
Services1
Payments of factor income
151.70 154.00
161.92 165.52
184.30 190.56
122.31 121.60
129.48 129.20
172.59 173.71
165.35 182.81
173.56 193.53
192.73 217.30
141.26 153.94
130.39 137.93
189.82 199.28
155.12
166.82
192.06
122.56
129.91
152.03
161.87
184.87
121.32
130.46
174.77 174.79
177.95
187.38
209.81
149.97
138.03
181.97
192.49
215.18
154.59
137.82
196.82 199.34
150.96 157.89
162.10 171.27
187.09 198.20
118.34 124.17
126.93 129.48
170.96 174.30
183.02 188.30
193.87 200.36
216.42 227.78
156.18 155.03
137.60 138.29
200.76 200.21
155.85
167.43
194.31
120.49
130.84
157.59
169.40
196.49
122.08
132.12
176.10
194.35
206.95
234.75
160.94
142.20
201.31
198.91
212.60
242.91
162.69
142.65
Chain-type price indexes
176.07
159.20
140.31
140.43
133.54
158.70
147.42
Residential
167.35
121.48
122.01
126.02
117.90
117.32
102.01
Exports of goods and services
Goods 1
Durable
Nondurable
Services1
99.53 97.39
94.75 91.67
87.10 84.98
113.58 107.67
112.18 112.89
98.13
97.68
92.78
85.69
109.99
112.52
92.07
85.23
108.54
112.84
112.27
Receipts of factor income
111.56 112.37 112.16
Imports of goods and services
Goods l
Durable
Nondurable
Servicesl
95.72
93.94
88.29
106.63
105.33
Payments of factor income .
113.61 114.59
90.69
88.33
84.67
96.31
103.83
92.05
88.72
85.01
96.82
103.52
114.23 114.46
90.07
86.02
98.99
102.85
96.98
96.75 96.61 96.55
89.87
83.59
104.69
114.99
91.18 90.64 90.20
84.64 84.36 84.07
106.75 105.39 104.51
112.73 113.46 114.20
112.42 112.64 112.94
89.87 89.84
87.42 87.11
83.98 83.66
94.86 94.59
103.63 105.32
114.71 114.97
86.37
83.37
92.71
104.50
115.38
89.97
87.04
82.38
97.63
106.73
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.
D-20
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
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]
Seasonally adjusted
1997
1998
Seasonally adjusted
III
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
.7.
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
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 l
Direct
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
NOTE.—See footnotes to table 4.3.
1998
1998
1999
IV
Chain-type quantity indexes
Exports of goods and
services
1997
1999
1998
Chain-type price indexes
157.59
99.03 112.53
155.85
167.43
103.34
126.02 124.34 126.37 124.42 121.74 124.83
132.60 134.73 139.53 133.62 130.85 134.94
122.56 118.91 119.48 119.62 116.99 119.54
120.55
133.82
113.55
123.00
135.96
116.16
220.70 231.93 230.31 221.33 231.50 244.56
239.38
240.63
99.20 128.77 147.70
131.01
116.92
500.14 533.64 508.13 518.86 543.70 563.88
221.55 220.33 226.64 217.43 214.98 222.26
564.18
223.25
625.56
226.93
149.78 145.99 157.10 146.00 131.96 148.90
142.13
146.70
149.00
147.28
150.73
156.20
156.21
156.20
130.84
148.89
151.64
146.03
153.35
153.36
153.35
151.70 154.00 155.12 152.03 150.96 157.89
161.92 165.52 166.82 161.87 162.10 171.27
108.86 106.95 112.93 103.30
92.90 121.08 108.63
143.37
144.74
141.93
129.34
129.34
129.33
147.46
148.50
146.36
138.15
138.15
138.15
144.58
145.75
143.35
133.29
133.29
133.29
148.30
147.63
148.97
137.45
137.45
137.45
148.97
150.92
146.94
134.70
134.70
134.70
147.98
149.72
146.16
147.16
147.17
147.16
129.48 129.20 129.91 130.46 126.93 129.48
169.40
108.64
132.12
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
.7.
Durable goods
Nondurable goods
Exports of services1
138.85
112.79
111.60
119.71
150.47
155.16
108.77
142.95
113.68
109.51
123.11
142.28
161.15
108.83
135.82
116.36
112.34
122.41
144.73
163.08
108.55
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
165.35 182.81 177.95 181.97 183.02 188.30
194.35
206.95
141.24
198.91
Imports of goods and
services
212.60
167.16
184.96
150.44
137.35
167.52
183.55
152.50
139.68
171.45
188.30
155.63
146.57
278.05 317.81 308.05 316.31 317.47 329.42
339.50
359.94
111.94 143.16 119.07 149.04 145.70 158.81
144.07
146.76
515.96 639.07 593.05 623.78 638.48 700.97
241.80 264.29 265.09 263.60 263.33 265.16
767.46
270.74
873.66
279.67
140.97 150.30 147.58 145.91 144.00 163.71
173.45
173.12
185.24
190.31
180.04
190.97
190.97
190.97
130.39 137.93 138.03 137.82 137.60 138.29
183.46
182.45
184.46
189.37
189.37
189.37
142.20
142.65
93.15
126.44
150.93
120.86
170.04
194.57
116.23
100.57
132.62
154.91
120.49
185.50
195.97
114.70
110.73
135.00
142.97
115.53
189.10
199.20
115.85
148.15
116.82
118.43
111.02
150.73
150.52
107.75
141.76
111.73
119.24
113.46
148.25
156.05
108.50
153.02
114.23
122.28
111.43
147.50
153.83
108.35
133.79
114.53
127.59
110.38
150.86
157.10
108.42
141.39
105.36
115.50
112.31
144.17
158.11
108.47
173.56 193.53 187.38 192.49 193.87 200.36
128.72 138.04 138.43 138.70 136.81 138.20
150.31
157.94
143.27
129.39
153.94
152.86
155.06
143.99
143.99
143.99
84.16
122.50
154.42
110.19
166.13
176.15
112.75
166.41
181.54
152.23
139.11
174.21
175.93
172.42
165.26
165.26
165.26
94.69
129.38
151.90
116.21
179.36
189.38
116.41
161.33
171.48
151.91
132.43
168.17
168.64
167.69
154.04
154.04
154.04
98.95
131.26
154.12
113.68
202.68
180.90
116.08
166.75
182.43
152.05
144.40
175.70
177.35
173.98
155.65
155.65
155.65
94.55
131.60
155.69
114.09
175.60
186.59
116.05
170.39
187.31
154.51
142.28
176.17
177.18
175.11
169.68
169.68
169.68
92.10
128.23
146.85
116.20
169.12
195.46
117.26
176.79
180.55
172.91
181.66
181.66
181.66
147.59
111.85 111.10 115.46 108.01 103.87
117.06
104.09 110.27
168.32 172.49 173.38 168.77 169.57
178.22
175.53 176.98
178.06 199.13 193.04 197.57 199.24
206.66
213.62 219.20
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 go(
Other
Durable goods
Nondurable goods
Imports of services l
Direct defense expenditures .
Travel
Passenger fares
Other transportation
Royalties
""
Other pr
Other...
Addenda:
Exports of agricultural
goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
97.39 98.13 97.68 96.98 96.75 96.61 96.55
91.67 92.78 92.07 91.18 90.64 90.20 89.87
117.30 107.12 109.56 107.87 106.26 104.81 103.81 102.82
99.53
94.75
115.23 109.10 111.90 110.29 107.99 106.23 105.17 105.78
112.74 108.13 109.79 109.01 107.47 106.24 105.29 104.86
116.60 109.53 113.02 110.89 108.13 106.07 104.95 106.20
75.99
73.69
74.40
73.93
73.33
73.08
72.88
72.27
118.02 119.52 119.11 119.52 119.38 120.06 121.15 121.42
34.31
84.26
29.40
83.28
30.94
83.57
29.83
83.41
28.66 28.16
83.20 82.94
27.29
82.94
25.94
82.79
105.10 105.28 105.17 105.16 105.23 105.58 105.70 105.78
105.05 105.00 105.35 104.98 104.87 104.78 104.58 104.62
103.71 103.30 103.79 103.22 103.16 103.02 102.58 102.76
106.48 106.83 107.04 106.88 106.71 106.68 106.73 106.62
97.14 95.89 94.98
100.84 98.37 99.46 99.01
100.84 98.35 99.43
97.87 97.12 95.87 94.95
100.84 98.35 99.43
97.87 97.12 95.87 94.95
112.18 112.89 112.52 112.84 112.73 113.46 114.20 114.99
108.28
114.57
106.17
106.20
111.61
109.51
134.50
105.79
117.75
104.97
102.54
112.43
110.36
137.86
107.77
116.46
105.51
102.90
112.22
110.12
135.46
107.67
117.86
102.80
102.85
112.33
110.35
137.30
102.47
118.32
102.08
102.76
112.48
110.41
139.13
95.72
93.94
92.05
90.07
90.98
89.87
88.72
87.42
111.70
90.69
88.33
108.32
109.45
112.02
106.97
107.54
104.08
106.86
101.39
71.42
105.26
118.38
109.50
101.63
112.70
110.56
139.56
87.11
112.06
118.38
113.72
99.36
113.00
110.91
141.48
112.18
118.38
115.49
102.24
113.27
111.34
143.65
89.09
89.97
86.37
87.04
109.24 109.13 107.21 107.71 105.75 105.42
68.09
63.28
117.86
119.86
42.92
76.94
35.76
74.05
106.32 105.09 103.14 101.79 101.51 101.92
109.30 108.11 106.02 103.99 104.88 106.16
103.40 102.1; 100.32 99.72 98.16 97.62
82.78
80.40 72.43 67.07 65.80
59.93
59.50
64.90 63.58 62.53 62.10
61.33
119.41 119.73 119.56 120.76
121.78
121.70
38.37 36.12 35.04 33.52 31.79 29.05
74.81 74.27 73.31 73.81 73.96 73.35
108.80
108.94
109.24 109.01 108.55 108.96 109.36 109.61
102.24
100.86
103.76
107.14
107.14
107.14
100.89
98.23
103.79
106.58
106.58
106.58
103.83
95.58
105.27
113.24
101.96
112.43
99.02
111.04
101.45
99.22
103.89
106.26
106.26
106.26
105.33
98.67
108.45
111.88
104.30
111.64
99.33
111.47
100.92
98.38
103.68
107.03
107.03
107.03
100.50
97.59
103.68
106.40
106.40
106.40
100.68
97.73
103.90
106.64
106.64
106.64
100.64
97.63
103.93
106.74
106.74
106.74
100.12
Oft QQ
103.53
106.39
106.39
106.39
102.85 103.52 103.63 105.32 104.50 106.73
91.97
104.17
112.26
100.30
112.22
99.14
109.98
110.70
101.02
108.28
113.67
103.03
112.70
98.74
112.60
97.70
107.12
112.24
102.24
113.00
98.86
112.31
93.95
106.94
123.61
110.46
113.27
99.38
113.26
107.22
104.70 102.42
99.74
93.35
104.80
112.56
101.87
112.33
99.33
110.87
96.00
103.85
114.46
102.62
112.48
118.59 108.13 111.07 109.55
92.49
89.97
90.94
90.30
89.51
89.11
88.80
88.62
92.97
89.68
90.88
90.02
89.02
88.78
88.39
87.53
National Data • D-21
SURVEY OF CURRENT BUSINESS
August 1999
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1997
1998
1998
1
II
1997
1999
III
IV
I
Chain-type quantity indexes
Government consumption
expenditures and gross
investmentl
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
EouiDment
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
1998
I
II
1999
III
IV
I
II
Chain-type price indexes
101.68 102.63 101.53 102.45 102.84 103.69 104.76 104.45
86.75
85.86
84.50
86.00
85.71
87.24
86.81
86.12
82.20
85.20
67.69
73.78
87.41
79.95
82.62
69.85
74.65
84.29
78.06
80.68
66.85
70.67
82.50
79.93
83.25
68.76
70.54
85.21
80.78
82.94
71.98
82.71
84.23
81.05
83.62
71.80
74.67
85.23
79.67
81.67
69.44
71.71
83.33
79.02
80.38
71.87
79.41
81.45
78.91
76.43
77.29
76.52
76.48
75.44
74.73
74.31
93.02
98.89
65.05
86.49
62.69
90.60
94.10
64.68
77.68
63.35
91.52
85.52
63.03
81.96
60.95
90.92
96.98
60.76
73.21
59.47
90.26
94.05
68.59
81.62
67.26
89.71
99.85
66.36
73.94
65.72
89.20
94.81
68.52
75.53
67.96
88.67
89.31
71.75
75.37
71.64
97.64 99.93
97.99 100.08
99.83 100.48
98.96 101.14
97.47 101.97 103.80 102.99
97.74 102.47 102.81 103.75
86.09
97.40
92.52
99.68
91.27
97.95
92.77
99.91
92.11 93.93 93.36 94.83
99.89 100.97 101.15 101.23
89.88
90.93
89.68
90.69
90.87
92.47
92.60
91.66
118.62 124.30 121.32 122.27 126.31 127.32 128.34 129.21
105.56 109.30 106.99 110.76 109.65 109.82 109.94 111.70
95.18 99.18 106.68 95.76 95.72 98.54 111.95 97.31
83.49 86.87 85.90 83.93 90.07 87.56 86.86 81.42
110.14 114.55 133.92 110.55 101.53 112.20 146.59 118.33
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general
government
employees, except
force-account
construction 3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
Equipment
117.41
139.74
117.11
111.88
142.55
Addenda:
Compensation of general
government employees3 ....
Federal ... .
State and local
112.42
111.38
122.03
120.55
110.11
114.68
114.20
126.15
124.36
112.79
113.77
113.12
124.47
122.94
111.76
114.28
113.86
125.59
123.88
112.48
115.16
114.58
126.71
124.83
113.16
115.52
115.23
127.85
125.79
113.77
117.67
116.09
129.00
126.76
114.61
117.64
116.67
130.15
127.73
115.13
Government consumption
expenditures and gross
investment1
Federal
113.20 114.66 114.17 114.39 114.82 115.25 116.13 116.98
113.58 114.83 114.66 114.66 114.77 115.21 117.05 117.28
113.27
114.14
100.66
95.17
115.88
113.12
113.88
100.78
95.53
115.57
113.22
114.23
100.47
93.70
116.04
113.71
114.73
100.14
93.65
116.63
115.38
116.34
100.70
90.96
118.46
115.66
116.77
100.72
96.82
118.76
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
EauiDment
112.00
112.45
101.39
106.50
113.61
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
EauiDment
117.27 118.49 118.46 118.30 118.44 118.78 120.96 121.09
119.76 121.38 121.20 121.12 121.38 121.82 124.42 124.59
b^UI^IMWIll
113.04
113.74
101.27
97.81
115.30
118.01 120.87 120.65 120.72 120.87 121.26 125.23 125.36
111.51
108.31
108.78
126.09
106.61
111.54
111.15
107.00
127.93
104.34
111.45
109.72
108.04
126.74
105.67
111.06
110.72
107.59
127.27
105.08
111.22
111.83
105.96
128.23
103.13
112.43
112.32
106.40
129.47
103.49
111.96
112.67
108.48
129.94
105.74
112.20
113.24
107.74
131.13
104.79
112.06 110.94 111.36 110.86 111.02 110.52 110.70 111.46
120.57 122.39 122.14 122.09 122.50 122.82 125.60 125.88
131.80 134.44 134.30 134.06 134.53 134.88 140.31 140.59
104.37
108.69
101.35
116.95
86.56
104.29
109.91
100.05
121.00
81.40
104.48
109.44
100.98
120.10
83.67
104.27 104.08 104.31 104.17 104.44
109.65 110.13 110.42 110.64 110.92
100.29 99.61 99.32 98.90 98.76
120.56 121.31 122.04 122.40 123.20
82.23 80.40 79.30 78.38 77.66
112.96
112.86
106.77
108.52
113.53
114.55
114.48
107.66
103.14
116.06
113.89
113.76
107.40
104.14
115.10
114.23
114.18
107.43
103.87
115.63
126.37
164.96
122.00
112.01
174.64
State and local
Consumption expenditures
Durable goods 2
Nondurable aoods
Services
Compensation of general
government
employees, except
force-account
construction3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
EauiDment
11045 11149 11113 111 08 11163 11213 11212 11287
94.83 96.67 96.11 95.48 97.54 97.53 96.48 97.27
113.46 114.88 114.51 114.49 115.01 115.52 115.60 116.49
117.75 120.79 119.82 120.13 121.14 12207 122.51 123.87
96.79 92.85 94.35 93.28 92.28 91.50 90.48 89.97
99.90 100.80 100.29 100.64 101.03 101.25 101.56 101.57
82.61 8136 81.48 81.33 81.38 81.23 80.82 80.21
107.98 109.93 109.11 109.70 110.25 110.65 111.31 111.63
Addenda:
Compensation of general
government employees3 ....
Federal
..
State and local
117.09 119.84 119.00 119.50 120.09 120.76 122.44 123.15
122.57 125.34 12515 12510 125 37 12574 13023 13042
115.00 117.74 116.69 117.37 118.08 118.84 119.58 120.46
107.91 109.90 109.07 109.68 110.22 110.64 111.24 111.58
122.11
152.74
116.84
108.63
159.08
120.31
149.08
116.71
109.60
152.56
121.50
151.07
116.15
108.20
156.83
122.70
153.72
117.74
109.31
161.21
123.91
157.10
116.77
107.42
165.71
125.13
162.11
124.84
116.04
169.96
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 aoods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in newforce-accountconstruction and related expenditures
1998
II
114.83
114.80
107.83
103.18
116.41
115.25
115.20
107.99
101.40
117.09
115.61
115.63
107.95
101.03
117.64
116.79
116.87
107.83
105.46
118.50
114.99 117.73 116.68 117.36 118.06 118.82 119.56 120.44
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.
D-22
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic
Product by Sector
Table 7.16.—Implicit Price Deflators for Inventories of Business by
Industry Group
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
1997
1998
1998
I
II
1998
1999
III
IV
Inventories1
Chain-type quantity indexes
Farm
Gross domestic
product
116.42 120.94 119.54 120.09 121.17 122.95 124.26 124.97
Businessl
118.91 124.10 122.53 123.11 124.33 126.42 127.94 128.76
Nonfarm1
Nonfarm less housing
Housing
Farm
11902
119.95
111.29
112.04
Households and institutions ...
12423
125.61
113.01
114.75
12266
124.02
111.60
113.12
123.25
124.56
112.58
113.40
12445
125.77
113.64
116.17
12657
128.08
114.22
116.30
12810
129.65
115.50
116.19
128.90
130.43
116.45
119.05
115.20 117.82 117.06 117.43 118.04 118.77 119.32 119.83
Private households
Nonprofit institutions
101.12 98.50 97.46 98.19 98.78 99.56 100.47 101.07
115.74 118.57 117.82 118.17 118.78 119.51 120.05 120.55
General government2
100.66 101.61 101.10 101.44 101.84 102.07 102.39 102.44
85.80 84.53 84.71 84.51 84.55 84.36 83.97 83.41
108.83 111.02 110.12 110.76 111.37 111.84 112.55 112.94
Federal .
State and local
Chain-type price indexes
Gross domestic
product
Business
111.57 112.71 112.33 112.57 112.85 113.08 113.53 113.98
1
110.89 111.76 111.52 111.66 111.86 111.99 112.30 112.69
Nonfarm1
Nonfarm less housing
Housinq
Farm
111 06 112.08 11183 111.96 11221 112.33 112.72 113.17
110.54 111.28 111.16 111.19 111.37 111.39 111.75 112.18
115.66 119.26 117.76 118.79 119.75 120.75 121.48 122.17
99.93 90.29 91.17 92.03 88.09 89.85 84.31 80.04
Households and institutions ...
117.56 121.63 120.13 121.10 122.21 123.09 123.79 124.86
112.24 115.53 113.36 115.13 116.34 117.29 118.43 119.42
General government2
116.12 118.54 117.80 118.19 118.75 119.43 120.83 121.51
.
119.48 121.53 121 38 121.25 121.47 122.02 125.23 125.43
114.57 117.14 116.16 116.77 117.46 118.19 118.85 119.72
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.
Table 7.15.-Current-Dollar Cost and Profit Per Unit of Real Gross
Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and
profit per unit of real
gross domestic
productl
1.063
1.061
1.061
1.061
1.062
1.060
1.061
Consumption of fixed capital
.100
.099
.099
.100
.099
.099
.098
Net domestic product
.963
.962
.962
.962
.962
.962
.963
.105
.857
.105
.857
.105
.858
.104
.857
.104
.858
.107
.855
.104
.859
.691
.699
.697
.699
.699
.700
.700
.143
.041
.136
.037
.139
.037
.136
.037
.138
.037
.133
.035
.137
.036
.102
.023
.100
.022
.102
.022
.099
.022
.100
.022
.098
.022
.101
.022
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. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable go
Wholesale
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
104.86
99.90
105.37
105.45
105.29
105.28
103.93
107.53
104.23
102.68
106.70
104.74
102.94
107.74
101.12
101.00
101.08
105.87
108.79
110.42
107.14
102.88
107.33
115.55
103.23
104.33
96.34
105.12
105.06
105.21
104.54
103.34
106.53
103.98
102.21
106.85
104.49
102.47
107.88
100.89
100.52
101.26
106.36
108.78
110.62
106.95
103.90
106.97
115.50
102.72
103.42 102.84 103.24 104.05
90.08
89.34
94.62
95.97
104.72 104.15 104.08 104.85
104.63 104.05 103.87 104.31
104.87 104.31 104.38 105.58
103.88 102.73 102.44 103.16
102.51 101.40 101.14 101.40
106.17 104.95 104.61 106.12
103.46 103.23 103.12 103.41
101.68 101.31 101.17 101.45
106.37 106.37 106.32 106.64
103.97 103.86 103.57 103.71
101.93 101.56 101.41 101.69
107.39 107.76 107.21 107.09
100.44 99.40 100.42 101.66
100.04 99.71 99.57 99.87
100.86 98.65 101.57 104.41
106.61
109.14
111.32
107.00
104.05
106.86
109.29
111.44
107.17
104.40
106.80
108.94
110.42
107.40
104.67
107.39
109.53
110.94
108.06
105.25
106.26 105.01 105.72 108.18
115.25 114.70 115.60 117.40
101.80 100.25 100.86 103.60
112.42 115.74 113.59 115.33 116.54 117.49 118.62 119.61
Private households
Nonprofit institutions
Federal
State and local
1999
II
I
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.
National Data •
SURVEY OF CURRENT BUSINESS
August 2999
Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product
by Major Type of Product
D-23
Table 7.18.—Chain-Type Quantity Indexes for Auto Output
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1997
1998
I
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Goods
1997
II
Hi
IV
I
1
II
116.42 120.94 119.54 120.09 121.17 122.95 124.26 124.97
115.49 120.10 118.20 119.54 120.36 122.31 123.70 124,67
123.56 129.75 129.29 127.95 129.04 132.74 134.05 134.72
Final sales
Change in business
inventories
120.99 127.47 125.51 126.52 126.83 131.02 132.56 134.03
Durable goods
Final sales
Change in business
inventories
142.91 154.56 153.95 150.48 152.58 161.25 161.64 162.07
137.89 150.26 147.05 148.46 148.90 156.64 158.18 160.43
Nondurable goods
Final sales
Change in business
inventories
110.51 113.24 112.85 112.86 113.31 113.95 115.80 116.61
109.42 112.08 110.92 111.67 111.89 113.83 115.35 116.34
Services
111.36 114.82 113.01 114.55 115.51 116.20 117.00 117.87
Structures
119.55 124.35 122.03 123.37 125.25 126.74 131.37 131.05
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
1998
1998
1999
1998
127.05 131.34 130.82 126.99 123.27 144.28 137.00 139.96
116.06 120.58 119.15 119.85 121.09 122.23 123.83 124.46
Auto output
Final sales
Personal consumption
expenditures
New autos
Net purchases of used
autos
,.
Producers' durable equipment
New autos
Net purchases of used
autos
Net exports
Exports
,
Imports
Gross government investment
98.92
94.19
98.12
96.44
95.91
II
1999
III
IV
87.97
91.64 101.23
97.46
93.58
99.17
1
II
89.31
94.84
91.59 101.73
105.24 110.29 106.90 108.92 107.68 117.66 117.09 119.08
95.62 100.86 97.93 104.40 96.43 104.69 103.69 109.09
124.47 129.17 124.86 118.13 130.15 143.54 143.81 139.02
125.32 122.22 123.90 127.06 113.54 124.38 121.38 130.10
127.54 125.10 126.51 129.83 115.24 128.83 126.05 134.54
128.69 127.18 128.18 131.70 115.82 133.02 130.58 138.62
110.27 104.75 109.74 104.74 92.99 111.51 101.35 111.48
139.33 153.07 148.67 150.41 144.57 168.63 180.99 169.17
89.31 93.91 79.51 96.67 100.29 99.18 87.30 80.95
Change in business
inventories of new and used
autos..
New
Used
Addenda:
Domestic output of new
autos l
Sales of imported new autos 2
110.36 104.93 105.39 97.38 105.25 111.68 104.95 103.90
106.63 118.40 115.47 121.68 108.48 127.97 127.99 137.23
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
Table 7.19.-Chain-Type Quantity Indexes for Truck Output
[Index numbers, 1992=100]
Truck output'
Final sales
Personal consumption
expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
Change in business
inventories
1. Includes new trucks only.
167.41 184.68 180.93 183.04 168.66 206.08 205.35 204.76
166.62 190.43 180.63 198.82 178.98 203.29 202.44 200.69
130.57 152.77 140.51 155.09 145.52 169.97 167.09 165.59
209.96 236.65 229.67 243.87 225.78 247.28 259.72 269.87
184.82 176.17 203.99 201.28 148.59 150.80 147.33 149.34
134.35 125.77 132.89 115.33 122.43 132.45 154.71 182.48
122.69 116.49 106.46 130.04 98.50 130.95 113.82 92.19
D-24
• National Data
SURVEY OF CURRENT BUSINESS
August 2999
8. Supplemental TablesTable 8.1 .—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
1998
1997
1999
III
IV
II
Implicit price deflator
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Personal consumption expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.9
3.9
1.9
1.9
4.9
3.9
1.0
1.0
6.4
5.5
5.3
3.4
1.9
1.9
5.7
4.9
6.1
6.1
0
0
.9
2.7
1.8
.9
.9
4.7
3.7
1.0
1.0
6.9
6.0
7.0
6.1
5.2
4.1
1.0
1.0
6.2
5.0
1.1
1.1
.9
.9
8.7
7.7 14.1
4.6
6.8 10.2 15.8 11.2 2.4
-2.0 -2.3 -1.4 -2.2 -3.0
-2.0 -2.3 -1.4 -2.2
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
4.0
2.4
1.5
1.5
Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
6.2
3.2
2.9
2.9
Gross private domestic investment:
Current dollars
Chajn-type quantity index
Chain-type price index
Implicit price deflator
11.0
11.3
-.3
-.3
Fixed investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
3.9 5.0
3.9 7.4
0 -2.2
0 -2.2
6.2
4.3
1.9
1.9
8.8
10.3
-1.3
-1.3
5.0
3.5
1.4
1.4
25.2
28.3
-2.3
-2.4
5.5
5.3
.2
.2
7.4
5.4
1.9
1.9
-6.2
-4.5
-1.8
-1.7
3.6
2.1
1.5
1.5
7.2
5.4
1.7
1.7
5.9
7.9
-1.9
-1.9
6.0
4.3
1.6
1.6
3.9
2.3
1.6
1.6
8.0
6.7
1.2
1.2
6.6
4.0
2.5
2.5
21.4
9.1
3.3
24.5 12.9 5.6
-2.5 -3.3 -2.1
-2.5 -3.3 -2.1
5.2
4.2
.9
.9
3.7
1.7
1.9
1.9
8.5
9.0
-.6
-.5
11.0
9.5
1.4
1.4
6.4
4.1
2.2
2.2
7.4
8.5
-.8
-1.0
8.4
3.0
5.3
5.3
6.5
4.2
2.2
2.2
2.6
3.2
-.6
-.5
8.1
8.3
-.2
-.2
10.0
11.4
-1.2
-1.2
17.8
20.4
-2.1
-2.1
11.4
13.4
-1.8
-1.8
.5
2.2
-1.6
-1.6
12.6
13.2
-.6
9.2
10.7
-1.3
-1.3
9.0
11.8
-2.4
-2.5
18.6
22.2
-3.0
-3.0
-4.3
12.8
-.7
-3.1 -3.6
-3.1 -3.6
11.8
14.6
-2.5
-2.5
10.7
7.1
3.4
3.4
2.8
-.1
2.8
2.9
-2.3
-4.9
2.7
2.7
.7
-2.3
3.1
3.1
1.4
.2
1.2
1.2
7.9
6.0
1.8
1.8
6.6
5.7
8.7
12.1
-4.0
-3.0
11.4
16.5
-4.3
-4.4
27.6
34.3
-5.0
-5.0
12.5
18.8
-5.2
-5.3
-6.3
-1.0
-5.3
-5.3
13.2
17.8
-4.0
-4.0
6.2
9.5
-3.0
-3.0
12.1
15.3
-2.8
-2.8
Residential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.2
2.5
2.6
2.6
12.7
10.4
2.1
2.1
15.6
15.6
0
0
17.0
15.0
1.7
1.7
13.9
9.9
3.7
3.7
14.6
10.0
4.2
4.2
18.0
15.4
2.2
2.2
8.0
5.1
2.7
2.7
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
10.5
12.8
-2.0
-2.0
-.7
1.5
-2.2
-2.2
-6.0
-2.8
-3.4
-3.4
-8.4
-7.7
-1.8
-1.8
-5.5
-2.8
-2.8
-2.8
18.5
19.7
-.9
-.9
-5.6
4.3
4.5
-.2
-.2
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
11.3
15.4
-3.5
-3.5
-1.1
2.2
-3.3
-3.2
-7.9 -14.0
-3.4 -11.3
-4.7 -3.0
-4.7 -3.0
-3.3
.6
21.7 -10.4
24.6 -8.7
-2.4 -1.9
-2.4 -1.9
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9.6
10.5
-.8
-.8
8.8
9.1
-.3
-.3
6.3
9.1
10.8
-1.5
-1.5
8.5
-2.0
-2.0
Structures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Producers' durable equipment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
-3.8
-3.8
-5.1
-.6
-.6
1.0
-1.2
2.3
2.2
3.2
4.8
-1.5
-1.5
Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
,
8.4
6.6
1.8
-.2
-1.3
-1.2
2.9 -10.8
1.7 -10.4
1.1
-.4
11.1
8.3
2.6
NOTE.— Contributions to the percent change in real gross domestic product are shown in table 8.2.
1998
7.0
4.3
2.6
6.9
4.0
2.8
1.8
.6
1.1
1999
HI
IV
-.4
2.6
2.6
2.8
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9.7
13.9
-Q.7
-3.7
4.9
3.6
10.6 15.7
-10.4
-5.3
-5.2 -10.4
4.4 -2.6
9.3
2.3
-4.5 -4.8
-4.5 -4.8
11.9
12.0
-.2
-.2
9.7
13.5
-3.3
-3.3
14.1
9.7
4.0
4.0
Imports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
14.7
-4.2
-4.2
3.8
5.0
11.5 17.0
-6.0 -11.3
-5.9 -11.3
4.8
11.4
-5.9
-3.0
2.9
-5.8
-5.8
12.4
14.1
-1.4
-1.4
10.0
13.8
-3.4
-3.4
14.9
11.4
3.1
3.1
2.9
9.3
4.3
9.9 5.8
9.3
-.6 -1.4 -5.8
-.6 -1.4 -5.8
2.0
-.6
2.7
2.7
-.2
-.6
.4
.4
8.8
2.0
6.7
6.7
8.4
11.8
-3.1
-3.1
10.2
1.3
8.8
8.8
3.5
1.3
2.2
2.2
2.2
.9
1.3
1.3
4.5
3.7
3.0
1.5
1.5
1.5
4.9
3.3
1.5
1.5
7.4
4.2
3.1
3.1
.3
-1.6
2.0
2.0
.1
-1.0
1.1
1.1
7.3
7.3
0
0
-1.0
-1.4
.4
.4
9.0
7.3
1.5
1.5
4.5
-1.9
-2.4
-Q.2
6.6
.8
.8
National defense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
-1.4
-3.2
1.8
1.8
-1.6 -16.1
-2.7 -18.5
10.3
9.9
.3
.3
4.7
4.3
.4
.4
3.1
1.3
1.8
1.7
-1.0
-2.3
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
2.1 -11.1
2.6 -11.5
-.6
.5
.4
-.5
21.2
19.8
1.1
1.2
15.5
7.4
7.6
7.5
-3.1
.4
.4
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
-.9
-1.9
1.1
1.1
-6.4
-3.8
2.7
2.6
•-5.9
1.7
-1.2
2.9
2.9
-6.6 -3.2
1.0
6.0
6.0
1.1
1.2
2.9
2.9
4.1
1.7
2.4
2.4
3.4
2.4
1.0
1.0
15.5
13.1
2.2
2.1
5.4
3.1
2.2
2.2
3.4
2.0
1.4
1.4
2.3
2.1
.2
.2
3.0
1.8
1.2
1.2
5.3
3.1
2.1
2.1
2.7
1.3
1.5
1.5
9.0
7.7
1.3
1.3
4.0
-.1
4.1
4.1
Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.4
3.5
1.9
1.9
5.1
4.0
1.1
1.0
5.3
4.3
.9
.9
5.5
4.6
.9
.9
3.8
2.8
1.0
1.0
7.5
6.6
.8
.8
6.3
4.6
1.6
1.6
4.9
3.2
1.6
1.6
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.8
4.2
1.6
1.6
5.6
5.0
7.6
7.8
-.2
-.2
4.4
3.9
.4
.5
4.9
4.2
.7
.7
6.3
5.4
.9
.9
7.8
6.6
1.2
1.2
5.1
3.0
2.1
2.1
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.4
3.7
1.6
1.6
5.7
5.1
6.5
6.6
-.1
-.1
7.2
6.7
.5
.5
4.1
3.3
.7
.7
6.9
6.0
8.2
6.8
1.2
1.2
6.1
3.9
2.1
2.1
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.6
3.7
1.8
1.8
4.8
3.7
1.0
1.0
6.7
5.8
2.5
1.7
.8
.9
4.3
3.3
1.0
1.0
7.2
6.3
.8
.8
6.1
4.4
1.6
1.6
Command-basis gross national product:
Chain-type quantity index
3.9
4.2
6.9
2.0
3.5
6.3
4.7
Disposable personal income:
Current dollars
Chained (1992) dollars
4.7
2.8
4.0
3.2
4.0
4.0
3.5
2.6
4.3
3.2
5.4
4.3
4.8
3.5
State and local:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Final sales to domestic purchasers:
Current dollars
4.9
2.4
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
Table 8.2.—Contributions to Percent Change in Real Gross Domestic
Product
D-25
Table 8.3.—Selected Per Capita Product and Income Series in Current
and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
1997
II
Seasonally adjusted at annual rates
1999
1998
III
1997
IV
I
Percent change at annual rate:
Gross domestic product
3.9
3.9
5.5
1.8
3.7
6.0
4.3
2.3
2.31
3.32
4.09
4.09
2.78
3.48
4.56
2.73
.56
.49
1.26
.82
.77
1.73
1.23
1.41
1.40
.91
1.01
2.14
.20
.42
2.15
1.90
.84
.74
1.09
1.77
1.70
.48
.59
1.67
1.65
1.51
4.07
-.75
1.22
1.42
1.31
.52
1.18
1.08
.20
.88
.10
.47
1.58
1.15
0
1.15
.43
2.82 1.95
2.21 1.35
-.15 -.07
2.36 1.42
.60
.60
1.22 -2.66
.33
-.08
.01
-.09
.41
1.95
1.52
.17
1.35
.43
-.53
1.58
.91
.15
.76
.66
-.27
1.38
1.15
-.03
1.18
.23
-.86
-.27 -1.13 -5.24 -2.08
-.62
.52 -2.23
-.75
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment.
Fixed investment
Presidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services .
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
1998
1998
-.06
1.43
.19 -.33 -.92
1.21
.19 -.29 -.98
.22 -.01 -.04
.06
-1.71 -1.32 -1.94 -1.18
-1.51 -1.20 -1.75 -1.19
-.20 -.12 -.19
.01
-.32 2.02 -.58
.49
.04 1.76 -.68
.36
.26
.13
-.36
.10
-.30 -1.50 -1.65 -1.24
-.32 -1.46 -1.42 -1.22
.01 -.04 -.23 -.03
.24
.18
-.34
.64
.27
.60
.70
-.21
-.11
-.15
.04
.35
-.06
-.57
-.84
.26
.24
.44 -.09
.38
.17
.06 -.26
.20 .35
.44
.06
.38
.16
-.08
-.23
.14
.78
-.19
-.13
-.07
-.01
-.10
.04
.24
II
1999
III
IV
I
II
Current dollars:
Gross domestic
product
product
Personal, income
Disposable personal
income
consumption
expenditures
Durable goods ....
Nondurable
goods
Services
32,617
30,278
31,492
31,132
31,277
31,561
31,995
32,381
30,248
25,325
31,416
26,368
31,077
26,007
31,207
26,242
31,461
26,470
31,917
26,749
32,307
27,017
27,296
21,633
22,304
22,046
22,192
22,373
22,604
22,811
23,034
20,508
2,512
21,490
2,681
21,078
2,618
21,394
2,668
21,612
2,657
21,873
2,781
22,243
2,835
22,550
2,852
5,975
12,021
6,151
12,658
6,064
12,396
6,134
12,593
6,173
12,782
6,233
12,859
6,382
13,026
6,496
13,201
28,621
Chained (1992)
dollars:
Gross domestic
product
product
Disposable personal
income
Personal
consumption
expenditures
Durable goods ....
27,138
27,943
27,718
27,786
27,970
28,297
28,525
27,125
27,891
27,683
27,739
27,897
28,243
28,476
19349
19790
19632
19719
19829
19980
20101
20173
18,342
2,496
19,068
2,727
18,770
2,637
19,010
2,703
19,155
2,712
19,334
2,856
19,601
2,937
19,749
2,970
5,548
10,309
5,713
10,655
5,649
10,506
5,710
10,623
5,726
10,738
5,768
10,751
5,885
10,833
5,915
10,919
NJnnHnrahlo
goods
Services
Population (mid-period,
thousands)
267,880 270,258 269,309 269,867 270,523 271,331 272,029 272,656
D-26
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table 8.4.—Auto Output
Table 8.5.—Real Auto Output
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1998
II
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net exports
Exports
Imports
Gross government investment
Seasonally adjusted at annual rates
1997
1999
III
III
134.7 128.0 130.4
118.1
134.8 131.4 130.1
143.5 149.1 144.2
86.2 90.3 87.7
57.3 58.8 56.5
45.7 44.8 45.8
79.9 77.9 78.8
-84.2 -33.1 -33.0
-56.4 -64.6 -61.7
16.8 16.0 16.7
73.1 80.7 78.5
2.0
2.1
1.8
132.5 127.8 135.3 122.8
146.9 145.5 159.8 156.7
93.3 86.5 93.7 92.4
53.6 59.0 66.0 64.3
46.7 41.7 45.2 44.8
80.7 71.9 80.2 78.1
-34.0 -30.2 -35.1 -33.4
-63.3 -61.7 -71.9 -80.6
16.0 14.2 17.2 15.6
79.3 75.9 89.1 96.3
2.3
2.0
2.2
2.3
135.9
159.5
96.9
62.6
47.5
83.1
-35.6
-73.0
17.2
90.2
1.9
-3.4
-.2
-3.2
.4 -14.4
1.8 -17.4
3.0
-1.4
-1.7
6.1
-7.8
2.0
8.8
-6.7
-3.4 -10.0
4.6 -6.0
-8.1 -4.0
117.7
129.7
82.8
45.8
43.1
71.4
-27.8
-57.0
14.9
72.0
1.9
-.2
-3.4
-.4
-2.7
116.6
125.7
80.4
44.3
43.7
72.2
-28.0
-54.3
15.7
119.0
128.1
85.7
41.9
44.8
74.1
-28.8
-55.8
14.9
69.9 70.7
1.6
2.0
and used autos
New
Used
-.1 -12.3
1.3 -15.8
2.6
-1.2
110.3 104.9 105.3
57.5 63.8 62.3
97.3
65.6
Table 8.7.—Real Truck Output
[Billions of chained (1992) dollars]
Change in business inventories
126.6 138.3 137.7 140.0
79.2 86.0 85.1 89.6
46.1 50.9 51.0 49.3
40.0 43.9 42.8 45.9
65.8 73.6 72.0 76.8
-25.3 -29.1 -28.5 -30.3
-54.7 -63.4 -70.7 -63.7
13.3 15.9 14.5 15.9
68.0 79.3 85.1 79.6
1.8
2.0
2.0
1.6
158.9 173.8 169.9 171.5 158.6 195.1 194.6 194.8
155.6 176.3 166.9 183.3 165.6 189.3 188.8 187.9
69.2 80.4 74.0 81.4 76.6 89.6 88.2 87.6
82.3 91.9 88.8 94.2 87.5 97.0 102.0 106.4
-4.9
10.9
15.8
9.0
-4.5
10.5
15.0
8.5
3.3
-2.5
-1.7
12.0
13.8
9.4
-5.8
8.9
14.7
7.2
-6.9
9.0
15.9
9.7
3.0 -11.7
-6.9
5.8
-3.6
12.2
15.8
7.7
-9.8 -13.0
9.1
8.9
18.7 22.1
6.8
8.4
5.8
7.0
-3.0
4.5
-6.5
1.9
8.5
-6.6
-3.4
4.6
-6.9
-8.3
-5.5
-3.4
105.2 111.6 104.9 103.8
58.5 69.0 69.0 74.0
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.
[Billions of dollars]
Truck outputl
114.2 121.1 111.8 124.2
1.0
Addenda:
Domestic output of new autos 1
Sales of imported new autos 2
Table 8.6.—Truck Output
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
119.8
123.7
78.5
44.1
44.2
72.8
-28.1
-49.8
15.7
65.5
1.8
Residual
120.0 114.1 114.8 104.8 115.6 121.1 113.5 112.0
63.1 69.6 67.9 71.4 63.9 75.2 74.9 80.1
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.
1. Includes new trucks only.
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
Change in business inventories of new
-.1
.2
-.3
Addenda:
Domestic output of new autos l
Sales of imported new autos 2
IV
120.2 114.5 116.6 106.9 111.4 123.0 108.5 115.3
Auto output
126.2 137.4 119.4 125.9
Change in business inventories of new
ana used autos
New
Used
1999
1998
IV
Truck output *
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
140.2 154.6 151.5 153.3 141.2 172.6 172.0 171.5
137.3 156.9 148.9 163.9 147.5 167.5 166.8 165.4
59.8 70.0 64.4 71.1 66.7 77.9 76.6 75.9
73.7 83.1 80.6 85.6 79.2 86.8 91.2 94.7
-4.0 -3.6 -2.8 -1.1 -4.8 -5.7 -8.3 -11.1
10.3
14.3
8.1
9.8
13.4
7.7
Change in business inventories
2.8
-2.2
Residual
-.2
-.4
11.3
14.2
7.0
8.2
16.5
7.5
8.3
19.4
6.5
8.4
14.1
8.6
-6.0
4.9
4.9
5.8
-.5
.1
.1
.1
11.2
12.3
8.6
8.3
13.0
2.5 -10.2
-.1
-.7
6.1
1. Includes new trucks onl>.
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.
B. Other
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
NIPA
D-27
and NiPA-Related Tables.
Monthly Estimates:
Tables B.i and B.2 include the most recent estimates of personal income and its components; these estimates
were released on July 30, 1999 and include "preliminary" estimates for June 1999 and "revised" estimates for
April and May 1999.
Table B.1.—Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
1997
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
6,784.0
3,225.7
975.0
719.5
879.8
1,370.8
664.2
May
June
July
7,126.1
7,085.9
7,104.4
7,133.7
4,149.9
3,460.5
1,026.9
751.5
4,131.0
3,442.8
1,021.3
748.3
4,153.6
3,463.4
1,494.0
689.3
4,124.3
3,438.6
1,025.5
753.2
935.6
1,477.5
685.7
1,487.1
688.1
1,020.9
743.8
941.5
1,501.0
690.2
Jan.
Apr.
May
June*
7,374.9
7,408.4
7,433.5
7,485.5
4,332.5
3,619.0
4,356.6
3,641.9
1,055.6
4,376.6
3,660.7
4,398.5
3,680.9
1,065.0
770.1
988.0
1,627.8
Sept.
Oct.
Nov.
Dec.
7,164.1
7,184.6
7,217.2
7,279.8
7,276.8
4,183.4
4,194.3
3,490.6
1,030.6
752.4
946.3
3,499.2
4,220.9
3,523.5
4,243.9
3,544.4
1,032.7
756.4
1,034.3
754.5
4,263.5
3,562.7
1,041.6
754.2
956.3
966.2
1,513.8
692.8
1,516.9
695.1
1,533.0
1,554.8
700.9
967.1
1,574.8
708.9
759.7
973.8
760.1
949.6
1,588.2
711.4
1,595.7
713.4
763.1
979.2
1,607.1
714.6
1,060.3
767.7
981.8
1,618.7
715.9
Aug.
Feb.
Mar.
7,320.2
7,352.9
4,295.8
3,586.9
4,322.6
1,045.0
757.9
3,611.2
1,049.3
697.4
1,036.5
753.5
961.9
1,546.1
699.4
Other labor income
392.9
406.9
405.7
406.6
407.5
408.3
409.2
410.1
411.0
411.9
412.9
414.6
416.6
418.1
419.6
421.1
Proprietors1 income with IVA and CCAdj
Farm
Nonfarm
551.2
35.5
515.8
577.2
28.7
548.5
570.2
27.7
542.5
574.8
28.2
546.6
577.2
26.8
550.5
574.7
25.2
549.5
576.4
23.5
552.9
582.9
25.7
557.3
614.8
53.0
561.7
592.9
25.4
567.5
596.8
24.7
572.1
598.8
23.7
575.1
599.3
19.1
604.4
21.4
583.1
603.2
18.1
585.1
622.1
32.6
589.5
939.6
934.4
973.4
580.2
717.6
Rental income of persons with CCAdj
158.2
162.6
160.9
162.6
163.0
163.5
164.4
164.8
171.6
166.3
166.3
167.8
168.9
169.2
169.9
173.9
Personal dividend income
260.3
263.1
262.1
262.3
262.4
262.8
263.7
264.7
265.7
266.7
267.7
268.8
270.0
271.3
272.7
274.1
777.8
1,181.4
601.1
19.2
561.0
1,184.5
602.3
19.4
562.8
367.7
369.2
Personal interest income
Transfer payments to persons
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Other
Less: Personal contributions for social insurance
747.3
764.8
762.8
765.0
767.3
769.4
770.7
770.5
769.7
770.9
772.4
774.8
1,110.4
1,149.0
1,151.8
588.5
1,156.6
590.4
19.6
546.6
1,155.8
588.8
19.4
547.6
1,157.3
589.6
19.5
548.1
1,161.7
593.2
19.6
548.9
1,172.7
597.0
19.5
556.2
1,179.7
19.5
542.9
1,150.4
588.0
19.5
1,180.2
586.5
1,148.3
586.2
19.6
542.5
1,173.1
565.9
19.9
524.6
1,145.3
585.1
19.4
540.8
19.5
556.4
19.7
560.4
326.2
347.4
345.5
346.2
347.7
350.8
352.5
354.2
355.6
361.8
363.7
364.6
542.9
p Preliminary.
r
Revised.
CCAdj Capital consumption adjustment.
19.4
544.0
349.9
597.2
599.6
600.6
19.2
560.3
366.2
780.6
IVA Inventory valuation adjustment.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table B.2.—The Disposition of Personal Income
1997
1998
May I June | July | Aug. | Sept. | Oct. | Nov. | Dec.
Jan.
Feb.
Mar.
Apr.'
May
June*
7,485.5
Billions of dollars, unless otherwise indicated
Personal income
Less: Personal tax and nontax payments ....
Equals: Disposable personal income
Less:. Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to the rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal income:
Billions of chained (1992) dollars»
Per capita:
Current dollars
Chained (1992) dollars
Population (thousands)
Personal consumption expenditures:
Billions of chained (1992) dollars
Durable goods
Nondurable goods
Services
Implicit price' deflator^
Personal saving as percentage of disposable personal income 2
6,784.0
7,126.1
7,085.9
7,104.4
7,133.7
7,164.1
7,184.6
7,217.2
7,279.8
7,276.8
7,320.2
7,352.9
7,374.9
7,408.4
7,433.5
989.0
1,098.3
1,100.5
1,102.0
1,110.8
1,112.4
1,119.1
1,125.4
1,130.1
1,138.9
1,147.2
1,146.1
1,152.5
1,162.2
1,171.6
5,795.1
6,027.9
1,094.9
5,990.9
5,970.4
6,004.0
6,031.7
6,053.3
6,072.2
6,098.1
6,154.5
6,146.7
6,181.3
6,205.7
6,228.7
6,255.8
6,271.3
6,313.9
5,674.1
6,000.2
5,493.7
673.0
1,600.6
3,220.1
5,807.9
724.7
1,662.4
3,420.8
161.5
18.9
6,005.2
6,009.5
6,036.4
6,073.7
6,109.3
6,117.9
6,173.7
6,205.6
6,257.1
6,289.5
6,320.2
6,356.1
6,376.9
5,817.7
707.4
5,843.1
6,090.1
776.5
6,153.2
3,500.3
1,720.4
3,524.7
1,739.4
3,540.1
1,748.2
3,565.4
6,119.1
766.3
1,763.0
3,458.2
5,919.2
742.0
1,691.2
3,486.0
6,056.7
777.3
3,440.4
5,912.0
748.5
1,683.2
3,480.4
6,005.0
759.9
3,416.7
5,879.2
733.8
1,670.8
3,474.7
5,973.1
773.2
1,657.9
3,399.9
5,815.0
737.3
1,661.0
172.4
19.9
168.4
19.9
170.4
19.9
171.9
20.0
173.3
20.0
174.5
20.0
176.7
20.6
178.1
20.6
180.1
20.6
180.3
20.2
180.2
20.2
179.2
20.2
121.0
27.7
20.5
-1.2
22.2
16.9
-1.4
-11.2
-27.1
-24.2
-51.5
-60.7
3,589.8
180.5
20.6
-64.3
6,172.5
783.3
1,778.9
3,610.3
5,183.1
5,348.5
5,318.8
5,334.0
5,347.1
5,363.0
5,382.3
5,393.8
5,428.6
5,448.9
5,468.3
5,487.3
5,478.2
21,633
19,349
267,880
22,304
19,790
270,257
22,200
19,709
22,231
19,751
270,069
22,316
19,783
270,289
22,376
19,825
270,522
22,427
19,879
270,757
22,682 22,624 22,738 22,813 22,881 22,963 23,001 23,138
20,054
19,981
20,044
20,103
20,158
20,108
20,142 20,270
270,973 271,336 271,684 271,848 272,019 272,219 272,434 272,654 272,879
4,913.5
668.6
1,486.3
2,761.5
111.81
5,153.3
737.1
1,544.1
2,879.5
112.70
5,133.4
734.0
1,540.7
2,866.1
112.64
5,166.1
749.8
1,545.2
2,880.0
112.56
5,157.4
719.3
1,551.2
2,891.5
112.80
5,176.8
729.8
1,546.6
2,905.4
112.87
5,211.2
751.8
1,549.3
2,917.5
112.82
5,229.3
767.1
1,557.9
2,914.3
113.06
.4
.3
5,782.1
724.3
2.1
715.4
1,669.4
5,441.3
783.1
1,772.0
3,598.1
182.3
20.6
-«4.8
183.8
20.6
-63.0
5,491.8
5,531.1
22,504
19,905
5,233.3
761.8
1,567.0
2,914.2
113.11
-.2
5,275.3
796.1
1,570.4
2,923.0
113.23
5,293.5
783.8
1,585.2
2,936.9
113.44
-.4
-.4
5,337.1
804.5
1,604.5
2,943.9
113.48
5,365.2
808.4
1,613.0
2,959.6
113.51
5,358.4
795.4
1,603.3
2,972.4
114.20
5,388.3
815.7
1,613.0
2,975.6
114.20
5,407.2
818.4
1,621.8
2,983.5
114.15
-1.0
-1.0
-1.4
-1.0
0.3
0.5
0.3
0.7
Percent change from preceding period, monthly changes at monthly rates
Personal income, current dollars ...
5.6
Disposable personal income:
Current dollars
Chained (1992) dollars
4.7
2.8
Personal consumption expenditures:
Current dollars
Chained (1992) dollars
5.3
3.4
5.0
0.4
0.3
0.4
0.3
0.5
0.6
0.9
-1
-.2
.6
p Preliminary.
r
Revised.
1. Disposable personal income in chained (1992) dollars equals the current-dollar figure divided by the implicit
price deflator for personal consumption expenditures.
0.4
0
-.2
0.4
.4
-.2
.5
-.1
2. Monthly estimates equal personal saving for the month as a percentage of disposable personal income for
that month.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
D-28 • National Data
SURVEY OF CURRENT BUSINESS
August 1999
Annual Estimates:
Except as noted, these tables are derived from the NIPA tables published in the August 1998 SURVEY
BUSINESS; they are consistent with the most recent comprehensive and annual revisions.
OF CURRENT
Table B.3.—Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1995-97
Billions of dollars
1995
Gross domestic product
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 miscellaenous plastics
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
L x a l and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
1996 1997
Billions of chained
(1992) dollars
1995
6,306.9 6,667.9 7,083.3 5,896.5 6,119.9 6,395.3
109.5
72.3
37.2
130.4
91.6
38.8
131.7
90.2
41.5
106.2
72.0
34.7
114.2
78.6
36.2
127.6
90.3
38.0
98.7
6.7
12.0
70.5
9.4
113.8
6.1
12.9
84.3
10.4
120.5
5.8
13.2
90.1
11.4
107.4
5.5
15.4
77.4
9.3
103.0
5.7
17.2
70.6
10.2
109.9
6.2
18.1
75.4
10.8
286.4
311.9
328.8
254.2
268.5
274.4
1,282.2 1,309.1 1,378.9 1,271.6 1,293.8 1,369.9
711.6 737.3 784.0 727.0 769.0 838.6
33.1
31.7
31.4
42.8
40.9
39.1
19.7
18.7
18.6
19.4
20.5
22.1
29.3
27.2
27.6
30.2
33.7
31.3
48.0
44.1
46.9
51.7
51.5
53.2
93.0
87.8
88.6
99.3
87.6
93.1
141.5 148.8 158.9 162.9 183.2 215.2
136.7 141.6 157.3 178.7 213.2 261.2
77.8
77.7
73.2
85.4
85.2
82.4
44.1
43.3
43.9
50.7
49.0
46.1
36.3
42.0
40.2
55.9
55.5
49.1
23.1
22.8
23.3
24.6
24.8
23.3
570.5 571.8 594.9 545.1 527.8 537.6
123.2 116.0 118.5 125.8 105.7 106.7
21.3
23.8
22.5
17.0
18.4
17.3
25.7
26.4
25.6
24.7
24.5
25.5
28.2
28.6
27.0
27.4
26.7
28.4
48.9
44.4
46.4
56.6
58.9
55.0
76.7
77.1
76.1
92.4
84.7
98.4
141.2
139.6
140.3
156.1 155.8 158.8
32.4
30.4
32.3
28.3
29.6
35.2
53.7
47.1
49.5
44.9
48.6
52.0
4.3
4.7
4.1
4.4
5.2
4.8
649.3
237.0
23.4
13.0
92.9
11.7
65.2
5.2
676.3
255.5
24.1
13.8
97.9
12.8
74.4
5.6
592.2
216.1
26.1
11.4
89.1
11.0
50.6
4.9
626.4
229.7
28.2
11.3
86.5
10.7
63.5
6.3
644.3
241.5
28.2
11.3
87.3
11.0
72.6
6.8
1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income—that is, GDP measured as the costs incurred and profits earned in domestic
production. The chained (1992) dollar statistical discrepancy equals the current-dollar discrepancy deflated by the
implicit price deflator for gross domestic business product.
1995
1996 1997
23.2
193.3
145.2
48.1
197.0
25.5
207.5
157.0
50.4
204.9
Wholesale trade
491.4
Retail trade
641.0
1996 1997
7,269.6 7,661.6 8,110.9 6,761.7 6,994.8 7,269.8
616.4
226.1
22.9
12.2
98.0
10.9
53.9
4.9
Billions of dollars
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Finance, insurance, and real estate
Depository instituions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels i
Personal services .
Auto repair, services, and parking ....
Miscellaneous repair services
Motion pictures
Amusement and recreation services .
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Statistical discrepancy!
Billions of chained
(1992) dollars
1995
1996 1997
26.8
211.6
158.6
53.1
209.2
23.2
180.7
138.6
41.8
195.5
24.0
191.5
152.4
39.5
205.3
25.1
196.4
160.6
37.3
206.3
519.8
562.8
455.8
486.6
532.0
673.0
712.9
626.4
665.9
713.5
1,362.3 1,448.6 1,570.3 1,206.2 1,246.0 1,286.0
229.1 240.6 266.4 193.4 192.0 191.9
39.7
32.6
56.3
44.3
39.3
35.4
73.4
78.4 104.1 120.5
96.5 106.6
118.5 122.0 146.0
91.2
93.5
87.6
46.7
42.1
50.7
48.0
43.1
41.7
843.8 892.2 935.0 776.6 799.5 814.8
643.1 675.8 712.7 588.4 600.0 616.1
200.7 216.4 222.4 188.2 199.7 198.7
12.6
11.0
9.4
5.1
12.2
12.5
1,445.4 1,544.2 1,656.8 1,305.3 1,349.1 1,398.6
61.3
56.2
57.5
56.8
69.0
65.6
47.4
43.2
42.4
44.1
51.5
47.8
284.9 322.1 364.7 271.3 295.7 323.1
63.6
60.2
64.4
73.3
68.3
56.5
20.5
15.2
14.7
23.2
21.7
16.9
26.3
25.2
26.6
30.5
28.4
24.4
56.6
52.7
56.2
66.7
61.3
50.5
428.9 445.5 460.1 373.3 377.3 379.0
96.6 100.7 106.6
86.0
85.7
87.0
55.3
49.4
49.0
50.4
61.5
58.1
46.4
44.6
43.4
46.3
52.2
49.0
47.0
43.3
42.6
44.1
50.8
49.2
198.8 214.6 234.6 183.7 192.8 201.3
10.8
11.8
10.5
10.2
12.0
11.9
-26.5
-32.2
-55.8
-23.1
-27.1
-45.4
962.7
993.7 1,027.6
876.5
877.8
884.0
edeal
General government
Government enterprises .
327.7
275.4
52.3
334.8
279.2
55.5
338.1
281.3
56.8
296.8
248.2
48.8
290.2
240.7
49.8
286.9
235.4
51.9
State and local
General government
Government enterprises.
635.0
582.2
52.8
658.9
604.4
54.5
631.7
57.9
579.7
532.1
47.5
587.6
540.8
46.8
597.4
551.3
46.2
-53.7
-68.8 -114.3
Government
Not allocated by industry 2 ..
2. Equals GDP in chained (1992) dollars less the statistical discrepancy and the sum of GPO of the detailed
industries.
NOTE.—Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 10
and 13 in "Gross Product by Industry, 1995-37" in the November 1998 SURVEY.
National Data • D-29
SURVEY OF CURRENT BUSINESS
August 1999
Table B.4.—Personal Consumption Expenditures by Type of Expenditure
1995
1996
1997
4,953.9
5,215.7
Food and tobacco
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.)
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.)
Other alcoholic beverages (n.d.)
780.4
461.9
261.0
8.5
.5
48.6
649.1
805.2
477.0
268.8
8.8
.4
50.2
8323
54.8
27.9
57.1
28.9
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.)
321.8
Personal consumption expenditures
Others.)
Persons! csrc
.#..*•
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
, IIMI
Housing
Owner-occupied nonfarm. dwellingsspace rent 4 (s.)
Tenant-occupied nonfarm dwellingsrent5 (s.)
Rental value of farm dwellings (s.)
Other* (s.)
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances 7 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 sundries 11 (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services 12 is.)
Hospitals and nursing homes 13
Hospitals
Nonprofit (s.)
Proprietary (s.)
Government (s.)
Nursing homes (s.)
Health insurance
Medical care and hospitalization •« (s.)
Income toss15 (s.)
Workers' compensation 16 (s.)
1995
5,493.7 4,605.6
1996
4,752.4 4,9133
47.4
609.4
745.7
442.3
248.4
8.2
.4
46.4
617.5
58.6
30.0
54.4
25.7
55.4
25.8
56.1
25.9
12.2
39.4
16.1
338.0
38.5
226.9
146.5
80.4
.3
12.7
41.4
18.2
353.3
39.8
237.9
152.9
85.0
.3
13.1
43.1
19.2
324.2
37.2
222.7
145.4
77.2
.3
11.4
37.7
15.0
345.7
39.0
236.9
155.7
81.2
.3
11.7
41.2
16.7
361.8
40.4
247.7
162.5
85.3
.3
11.7
44.5
17.2
71.8
47.2
24.6
75.0
49.7
25.3
79.4
52.6
26.8
68.1
45.3
22.8
70.1
47.4
22.7
73.0
49.8
23.3
750.4
532.4
184.8
5.9
27.3
787.4
559.1
193.2
6.1
29.1
829.8
590.3
203.2
6.3
30.0
487.4
171.4
5.2
24.7
700.9
496.0
174.7
5.1
25.2
717.4
508.9
178.7
5.0
24.9
47.7
27.2
25.2
54.6
28.7
50.6
28.5
27.0
57.9
30.7
620.7
54.8
29.7
28.6
61.8
32.8
533.0
44.3
26.7
25.2
53.7
26.8
555.6
46.4
27.9
27.3
56.8
28.7
578.4
50.4
29.3
29.1
60.4
30.6
36.9
216.8
140.5
76.4
.3
494.2
277.2
9.1
.4
51.4
692.4
52.3
15.8
168.0
87.9
31.3
37.9
10.9
87.7
12.8
39.3
54.6
16.8
176.6
90.3
35.2
38.9
12.2
97.1
12.5
40.4
56.5
18.0
178.5
90.2
36.0
41.1
11.2
104,2
13.2
42.7
50.3
14.4
159.0
84.3
30.5
33.1
11.2
85.5
11.7
35.8
51.2
14.7
161.9
85.1
32.9
32.8
11.2
94.7
11.0
35.5
52.5
15.0
160.1
84.6
31.5
33.8
10.3
105.0
11.2
36.4
875.0
85.5
13.3
191.5
47.6
104.9
374.3
310.8
912.4
91.1
14.6
198.2
49.5
111.9
389.8
321.7
212.9
36.6
72.2
68.1
57.4
45.0
2.6
9.8
957.3
98.1
15.7
205.2
52.6
119.4
408.1
334.3
220.0
40.7
73.5
73.9
58.0
46.1
2.8
9.2
766.9
79.6
782.6
83.0
13.3
170.8
40.8
100.5
341.1
283.3
189.7
31.4
62.0
803.6
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
1.6
206.4
34.7
69.8
63.5
57.9
45.6
2.3
10.0
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
1.8
57.9
36.2
34.0
2.7
1.7
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 o f 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 toss 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.
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.
1995
1996
1997
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 " (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
388.8
39.1
416.2
46.6
33.9
l fflJlSPOlifl1 iQll , „ , „ , , ,
1997
740.0
436.6
247.4
8.1
.4
47.5
611.4
736.8
434.9
246.1
8.0
.4
Billions of chained
(1992) dollars
Billions of dollars
Billions of chained
(1992) dollars
Billions of dollars
mtutUMM
«
••••1MIKIMII
t(MMIII>l
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.)
Insurance 19 (s.)
Purchased local transportation
Mass transit systems (s.)
Taxicabjs.)
Purchased intercity transportation
R a i l y s)
)
:
:
:
:
Books and maps (d.j
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 education 25 (s.)
Nursery, elementary, and secondary schools 26 (s.)
1995
1996
1997
459.1
54.4
354.3
42.1
364.6
51.1
377.2
61.2
37.3
41.5
27.9
29.0
30.8
159.1
75.7
49.4
12.2
19.4
167.5
77.4
53.0
13.3
21.1
190.9
80.2
55.9
13.8
22.4
144.2
68.8
44.4
10.5
17.3
145.3
66.2
46.1
10.9
18.3
148.1
65.2
46.7
10.7
18.9
574.1
531.9
86.6
53.0
79.7
36.2
611.6
567.3
85.8
55.8
84.7
38.5
636.4
588.3
86.2
57.3
87.2
38.8
531.5
491.1
80.2
41.4
72.0
36.7
551.7
509.0
78.2
42.4
75.0
39.1
569.7
525.3
78.5
44.1
76.5
39.7
128.7
115.6
2.8
29.4
9.1
6.0
3.2
33.0
143.6
154.9
126.5
3.0
34.4
117.5
114.3
2.5
128.6
116.0
2.5
26.0
10.4
8.5
5.5
3.0
26.7
8.4
5.5
3.0
124.5
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
nonresidents30 (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
Residual
29.2
3.3
399.1
21.0
23.1
41.9
429.9
21.8
23.9
44.5
466.9
22.5
25.0
47.6
27.9
3.3
404.2
22.4
25.7
42.3
432.3
24.2
27.6
45.1
462.9
25.2
29.1
47.8
39.3
42.3
48.1
38.0
40.9
46.8
86.4
4.9
13.8
20.1
5.8
92.0
5.0
14.8
21.9
6.2
96.5
5.4
15.9
23.3
6.6
103.6
4.4
13.3
18.2
5.3
123.8
4.4
14.8
18.9
5.3
146.8
4.6
16.5
19.6
5.6
8.7
5.5
12.7
41.3
3.3
92.1
9.3
6.4
13.0
44.7
3.4
98.3
10.0
6.7
13.8
49.1
3.5
105.1
7.9
5.0
11.5
37.9
3.0
85.9
8.0
5.6
11.6
40.0
2.9
8.4
5.6
12.1
42.9
2.9
91.4
112.0
119.7
129.4
65.7
23.5
30.4
69.6
25.7
34.1
98.7
53.7
20.7
24.4
102.0
62.4
22.9
26.7
106.8
54.8
22.4
30.0
i!i
Other ™ (s.)
Religious and welfare activities 28 (s.)
2.8
137.0
117.9
2.5
28.3
8.6
5.7
3.0
35.9
.7
1.2
30.4
3.4
2.8
31.5
10.0
6.5
3.5
34.3
.8
1.1
28.5
3.9
6.8
3.6
37.7
.8
1.2
31.5
4.1
31.9
.7
1.2
27.2
34.4
.7
1.2
54.0
20.9
27.3
138.6
151.1
157.6
127.8
137.0
140.4
-22.7
51.2
2.7
-26.1
54.7
2.5
-24.4
59.9
3.0
-20.1
48.3
2.4
-21.4
50.5
2.3
-17.7
54.5
3.1
75.2
1.4
82.0
1.3
86.0
1.3
1.3
73.0
1.2
74.1
1.2
-11.1
-20.7
-33.5
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 receipts—
such 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. The 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.).
Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 currentdollar 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.
D-30
• National Data
SURVEY OF CURRENT BUSINESS
Table B.5.—Private Purchases of Structures by Type
Billions of dollars
Private purchases of structures ...
Nonresidential
Table B.6.—Private Purchases of Producers' Durable Equipment by Type
1995
1996
478.8
521.2
560.1
430.5
201.3
216.9
240.2
180.7
189.7
203.2
200.9
216.6
238.9
180.3
189.4
202.0
1995
1996
1997
478.4
Private purchases of producers'
durable equipment
Nonresidential equipment
New
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
126.1
29.1
63.4
26.7
36.7
3.8
5.6
11.2
13.0
137.7
28.6
69.0
28.4
40.5
3.9
6.7
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
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
5.1
11.5
11.1
4.8
1.0
30.6
3.1
10.1
11.0
5.6
.8
27.8
3.7
10.2
8.7
4.3
.9
28.7
4.1
9.9
9.7
4.2
.8
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other 4
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
2.7
14.4
13.1
1.3
6.3
3.3
15.3
13.8
1.4
5.1
3.4
17.9
16.3
1.6
4.6
1.6
1.8
2.0
1.5
1.7
1.8
Nonresidential buildings, excluding farm
Industrial
Commercial
Office buildingsl
Other2
Religious
Educational
Hospital and institutional
Other3
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
Other5
Brokers' commissions on sale of
structures
Net purchases of used structures .
Residual
-1.3
-1.5
-.7
-1.1
-1.3
-.6
277.5
304.3
319.9
249.8
268.6
275.1
246.7
269.7
282.7
220.6
236.0
240.4
174.2
162.9
145.0
17.9
11.3
72.0
.5
192.1
179.4
159.1
20.3
12.6
77.0
.6
200.4
187.1
164.4
22.6
13.3
81.5
152.9
143.4
126.8
16.9
9.5
67.3
.4
165.3
154.9
136.6
18.7
10.3
70.2
.5
167.7
156.9
137.2
20.2
10.7
72.0
.7
32.1
-1.3
36.4
-1.8
39.7
-2.5
30.3
-1.1
-.1
34.2
-1.5
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. Consjsts 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.
Billions of chained
(1992) dollars
Billions of dollars
Billions of chained
(1992) dollars
1997
August 1999
Information processing and related
equipment
Office, computing, and accounting
machinery
Computers and peripheral
equipmentl
Other
Communication equipment
Instruments
Photocopy and related equipment
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
1995
1996
533.7
578.6
526.4
1997
1995
1996
628.5
538.7
597.1
668.5
571.0
620.5
531.7
589.8
660.9
173.0
189.4
206.6
201.5
245.4
298.0
73.4
83.0
90.3
107.1
154.1
212.7
64.9
8.5
59.1
22.8
17.7
74.4
8.6
64.1
24.5
17.7
81.1
9.2
71.1
26.1
19.1
100.8
8.2
61.9
21.6
16.8
151.3
8.4
68.5
22.8
16.4
214.8
9.0
76.5
24.3
17.6
123.8
11.8
4.2
28.3
131.7
12.9
4.7
29.7
138.6
13.4
3.8
32.7
115.4
11.1
4.0
26.0
125.9
12.0
3.4
29.3
32.5
33.5
34.0
120.5
11.8
4.3
26.8
30.5
30.2
26.0
28.6
30.3
24.2
22.2
24.4
137.2
71.3
44.8
13.0
2.3
5.8
117.1
29.7
10.8
11.5
15.8
1.9
14.9
12.9
19.6
152.0
79.9
45.7
17.9
2.4
6.1
128.3
33.7
11.7
12.3
17.6
2.3
15.1
14.0
21.7
1997
30.7
26.2
27.4
20.9
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
20.9
126.2
63.6
41.6
13.4
1.8
5.8
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
108.2
28.2
10.4
10.8
13.4
1.9
14.0
11.7
17.7
Less: Sale of equipment scrap, excluding
autos
4.7
4.4
5.0
3.5
3.6
4.0
7.3
7.6
8.0
7.0
7.3
7.7
-9.4
-59.1
-69.0
Residential equipment .
Residual
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
533.7
6.1
578.6
6.6
628.5
6.8
1.0
37.8
.5
4.8
1.2
39.5
.4
4.5
1.2
39.9
.6
5.1
569.8
615.2
666.0
19.9
119.4
56.9
42.7
12.2
1.7
5.2
127.6
63.4
44.7
11.5
2.1
5.1
23.0
140.3
71.5
44.2
15.6
2.2
5.4
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
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.
n.e.c. Not elsewhere classified.
D-31
National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table B.7.—Compensation and Wage and Salary Accruals by Industry
[Millions of dollars]
Compensation
1997
1995
1996
Total.
4,208,870
4,409,048
4,687,227 3,441,903 3,640,421 3,893,552
Domestic industries..
4,211,572
4,411,780
4,690^09 3,444,605 3,643,153 3,896,634
Private industries ,
3,812,807 2,821,887 3,002,276 3,232,458
1997
3,387,953
3,563,288
Agriculture, forestry, and fishing ...
Farms
Agricultural services forestry, and
36,988
15,627
42,006
16,849
21,361
39,623
16,457
23,166
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels ....
32,857
3,148
6,138
18,932
4,639
33,639
3,352
5,965
19,544
4,778
Construction
193,550
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
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
1995
1996
31,941
13,336
34,535
14,203
36,611
14,408
25,157
18,605
20,332
22,203
36,046
3,321
5,939
21,742
5,044
26,809
2,515
4,847
15,635
3,812
27,658
2,705
4,739
16,257
3,957
29,935
2,684
4,750
18,292
4,209
208 925
227,550
157,729
172,253
189,068
813,922
502,834
23,790
15,441
22,040
37,102
58,501
100,778
829,590
511,897
24,811
15,756
22,871
37,598
651,191
397,941
105,029
877,630
545,567
26,227
16,788
23,959
38,722
63,405
114,334
12,583
17,650
27,962
46,796
82,178
676,711
417,035
20,458
12,986
18,560
28,845
48,517
86,683
720,554
447,678
21,756
13,921
19,575
29,866
51,797
95,263
77,006
63,604
46,080
45,513
80,699
57,115
46,843
47,940
87,277
59,791
50,630
50,404
62,580
44,871
36,125
36,963
66,392
46,678
37,255
39,428
72,555
48,708
40,635
41,746
12,979
311,088
60,983
2,932
18,924
20,960
32,886
60,325
65,201
10,744
13,352
317,693
62,316
2,993
18,787
20,350
33,561
62,415
67,460
14,030
332,063
64,563
3,030
19,457
20,308
34,808
65,957
71,577
11,026
10,834
253,250
49,508
2,209
15,691
17,290
27,039
50,084
52,485
7,804
11,233
259,676
50,745
2,281
15,629
16,800
27,649
51,995
54,617
7,861
11,856
272,876
52,843
2,316
16,196
16,817
28,797
55,218
58,427
8,165
35,262
2,871
36,423
2,719
38,620
2,717
28,771
2,369
29,852
2,247
31,845
2,252
276,425
150,390
15,335
287,024
157,500
15,677
304,209
166,582
15,974
222,041
119,055
11,286
232,331
125,919
11,568
247,490
133,889
11,815
9,303
66,708
7,831
35,720
1,050
14,443
10,002
59,865
7,961
48,000
1,000
14,995
10,559
63,109
8,541
51,066
1,012
16,321
7,662
52,526
6,324
8,287
47,032
6,485
39,214
828
12,505
8,794
50,493
6,939
41,309
847
13,692
28,408
868
11,981
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
"itSSSLl.
11993, includes estimates of foreign professional workers and undocumented Mexican migratory
Compensation
Wage and salary accruals
19,963
55,966
59,282
44,650
14,632
43,704
234,475
246,964
421,469
329,863
346,009
25,075
72,090
75,941
384,579
88,915
29,586
81,931
79,931
273,048
65,613
18,319
51,922
60,182
300,194
69,512
21,307
63,625
63,383
327,555
73,794
25,387
72,330
66,907
32,787
44,988
18,812
35,180
48,891
20,145
26,363
35,423
15,226
28,025
37,990
16,352
30,184
41,486
17,467
1,121,835 1,208,628
39,606
37,432
26,058
24,872
256,237
221,435
32,184
30,242
12,493
12,059
20,060
18,613
40,646
37,277
357,093
372,635
60,101
63,231
54,476
57,683
894,790
30,319
20,757
165,266
23,798
9,646
14,412
29,223
289,645
49,738
44,001
71,435
53,990
17,445
54,600
74,923
55,989
18,934
54,601
Wholesale trade
276,103
289,402
Retail trade
382,895
Finance, insurance, and real estate ..
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and
324,678
353,791
80,121
21,684
59,440
72,682
30,988
42,175
17,588
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
•
*
1050535
' 351640
23,836
193,807
27,784
11,239
16,864
34,578
344,286
58,219
51,938
91,106
45,464
45,642
149,417
11,821
Addenda:
Households and institutions
Nonfarm business
95,523
47,864
47,659
11,943
100,368
51,087
49,281
175,437
11,990
78,026
37,970
40,056
823,619
258,024
207,395
124,063
83,332
50,629
565,595
527,777
278,320
249,457
37,818
51,827
585,355
546,998
290,385
256,613
38,357
877,502
266,971
213,508
127,483
86,024
53,464
610,531
571,175
304,733
266,442
39,356
-2,702
1,284
3,986
-2,732
1,298
4,030
-3,082
1,252
4,334
331,370
3,129,403
345,034
3,291,981
361,412
3,527,365
Rest of the worid
Receipts from the rest of the world
Less. Payments to the rest of the world 3
1997
1995
1996
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services ..
Wage and salary accruals
1997
1995
263,137
211,310
125,217
62,430
46,500
15,930
43,982
965,621 1,048,260
32,135
34,275
21,831
23,021
190,945
223,291
26,180
28,054
10,445
10,875
16,030
17,444
31,843
34,980
303,770
319,192
51,862
54,852
46,704
49,737
11,563
82,766
40,468
42,298
139,425
11,685
87,633
43,581
44,052
153,175
11,731
622,718
174,778
140,441
84,825
55,616
34,337
447,940
417,438
218,026
199,412
30,502
640,877
175,633
140,449
85,622
54,827
35,184
465,244
434,225
228,386
205,839
31,019
664,176
177,508
141,405
86,375
55,030
36,103
-2,702
1,284
3,986
-2,732
1,298
4,030
454,783
240,476
214,307
31,885
-3,082
1,252
4,334
workers employed temporarily in the United States.
Nom-Btaates „ mme
68,416
51,605
16,811
45,185
^ based on the 1.987 Standard Industrial Classilicalion (SIC). .
.
D-32
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table B.8.—Employment by Industry
[Thousands]
Persons engaged in
production'
Full-time and part-time
employment
1995
Full-time and part-time
employment
1996
1997
1995
1996
1997
Total
124,576
127,015
129,980
121,660
123,917
126,751
Domestic Industries
125,146
127,567
130,567
122,148
124,390
127,254
103,188
105,606
108,498
103,795
106,057
108,851
2,004
868
1,136
2,079
2,133
3,403
3,360
3,345
870
1,209
876
1,257
2,000
1,403
1,859
1,501
1,846
1,499
587
52
106
321
108
583
54
99
321
109
r nvoic inciusincs
••••
*
«•..•••
•
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
1995
Pipelines, except natural gas
Transportation services
Communicdtions ...«•
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
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
ToDcLCCo 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
18,591
10,722
790
512
541
707
1,444
2,070
1,625
Transportation and public utilities
Transportation >
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
6,176
53
97
340
110
52
103
327
108
5,671
5351
6,657
18,575
10,835
801
506
546
709
1,452
2,116
1,659
18,758
11,054
819
513
555
18,636
970
967
817
842
404
821
855
403
7,740
1,697
41
630
874
41
664
945
692
1,570
1,039
143
978
109
3,961
232
420
1,912
178
781
600
710
1,485
2,173
1,690
983
858
864
404
7,704
1,694
41
682
1,565
1,032
139
99
6,294
4,063
224
440
1,658
177
1,119
1,577
1,036
137
997
92
6,462
4,170
220
457
1,704
183
1,139
10,822
866
525
549
700
1,442
2,084
1,615
963
816
835
427
7,814
1,659
41
661
951
686
1,560
1,036
142
967
111
6,178
4,048
220
431
2,051
178
734
586
54
97
327
108
6,956
603
53
95
346
109
7,247
18,583
10,915
18,773
11,134
00?
QCQ
000
oec
521
564
707
1,446
2,095
1,654
960
820
850
439
7,668
1,664
40
632
881
677
1,536
1,027
138
971
102
4,182
212
444
1,854
174
1,050
530
565
706
1,481
2,171
1,680
976
855
859
446
7,639
1,676
40
618
831
677
1,560
1,026
135
987
4,279
208
480
1,877
179
1,066
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.
1997
1995
15
423
1,309
916
393
906
14
431
1,349
937
412
882
6,476
6,561
21,867
22,255
6,929
2,023
7,052
2,018
513
581
1,505
746
1,442
247
7,243
2,028
573
630
1,522
767
1,481
242
35,172
1,757
1,300
6,935
1,132
374
507
1,517
9,572
1,056
2,073
36,536
1,794
1,317
7,484
1,205
389
539
1,591
9,813
1,063
2,134
37,991
1,828
1,323
8,161
1,245
389
563
1,668
10,033
1,083
2,196
1,594
1,783
7,116
1,362
593
544
1,327
8,909
1,173
1,913
4,618
2,435
2,183
3,050
1,281
4,759
2,515
2,244
3,202
1,246
4,925
2,622
2,303
3,344
1,233
21,958
5,552
4,570
2,026
2,544
982
16,406
15,482
8,383
7,099
21,961
5,386
4,398
1,952
2,446
988
16,575
15,662
8,536
7,126
913
22,069
-570
-552
-587
14
453
1,422
1,004
418
1996
1997
15
419
1,221
852
369
909
14
434
1,260
874
386
878
14
455
1,325
6,563
6,595
6,735
19,487
19,877
20,272
7,218
1,937
466
621
1,451
856
1,648
239
7,316
1,923
506
647
1,449
873
1,681
237
7,420
36,464
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
2,017
4,490
2,675
1,815
3,440
819
4,624
2,758
1,866
3,580
796
4,802
2,887
1,915
3,803
788
18,353
4,564
3,764
2,026
1,738
800
13,789
12,903
6,765
6,138
18,333
18,403
4,307
3,513
1,899
1,614
865
870
Retail trade
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
1996
Persons engaged in
production'
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
Educationaj services
Social services and membership
organizations
Social services
Membership organizations
Other services 2
Private households
Government ..
Federal
General government
Civilian
Military3
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 4
463
553
1,500
732
1,410
248
6,740
22,620
5,263
4,282
1,899
2,383
981
16,806
15,905
8,751
7,154
901
4,415
3,614
1,952
1,662
801
13,918
13,042
6,880
6,162
876
-473
1,922
562
680
1,459
877
1,689
231
794
14,096
13,230
7,044
6,186
-€03
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).
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-33
Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Wages and salaries per
full-time equivalent
Full-time equivalent
employees
Dollars
Thousands
1995
1996
1997
Total 1
31,014
32,143
Domestic industries
30,902
Private industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
full-time equivalent
Dollars
1995
1996
1997
33,557
110,980
113,256
116,029
32,034
33,438
111,468
113,729
116,532
30,305
31,472
32,941
93,115
95,396
98,129
18,200
19,017
19,039
19,002
19,951
1,755
1,816
1,835
19,185
20,482
744
1,011
746
1,070
751
1,084
17,925
18,403
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
48,353
50,093
48,856
51,610
37,330
50,910
48,365
47,058
49,635
36,305
50,642
50,000
54,931
39,336
575
52
103
315
105
572
54
97
315
106
53
95
333
107
Construction
30,444
31,641
32,944
5,181
5,444
5,739
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
35,803
37,684
25,128
25,066
33,302
40,118
32,932
40,067
38,966
46,692
44,654
44,695
28,214
33,200
30,151
53,878
23,992
18,814
39,531
34,541
51,105
54,958
37,256
39,118
26,161
26,129
34,887
40,973
34,047
41,815
40,384
48,724
45,712
46,771
28,951
34,610
30,680
57,025
25,046
19,858
40,901
35,983
53,546
56,964
41,170
27,470
27,786
35,983
42,363
35,453
44,536
43,420
50,008
47,806
49,113
30,636
36,554
32,007
57,900
26,551
20,943
42,726
37,743
57,338
60,481
29,907
22,140
30,935
23,653
32,462
25,303
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
,
38,402
32,264
51,300
19,953
29,377
37,868
39,022
39,479
41,030
34,507
56,803
21,038
31,717
40,579
38,934
33,285
54,566
20,614
30,343
39,066
37,597
39,291
18,188
10,560
772
502
530
697
1,421
2,051
1,606
827
384
7,628
1,642
41
654
919
684
18,164
10,661
782
497
532
704
1,425
2,073
1,644
958
815
843
388
7,503
1,654
40
624
846
18,339
10,874
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
1,450
676
1,445
1,027
142
1,020
138
962
107
965
95
981
5,782
5,885
3,783
212
402
1,550
166
1,043
6,032
3,880
208
418
1,592
171
1,061
3,690
220
384
1,788
167
728
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,
Full-time equivalent
employees
Thousands
1997
1995
1995
1996
1997
57,867
30,879
49,525
53,282
40,758
48,831
59,143
31,578
50,756
54,386
42,480
50,438
60,500
32,913
52,872
56,461
44,239
52,663
Wholesale trade
37,812
39,319
41,272
6,201
6,281
6,452
Retail trade
18,296
18,823
19,562
18,029
18,382
18,745
41,674
45,237
36,185
43,395
114,228
43,743
48,283
38,414
46,496
120,349
45,858
41,691
31,863
75,615
6,552
1,935
446
532
6,636
6,784
1,921
546
601
1,459
724
1,302
231
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services .
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
InsurflncG cnrriGrs
*••*.*
Insurance agents, brokers, and services ..
Real estate
Holding and other investment offices
Services
Hotels and other lodging places .
Personal 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
33,909
41,074
41,476
37,824
28,293
63,707
29,819
1,197
838
359
1,451
697
1,252
239
29,003
19,920
18,224
25,936
22,430
28,122
36,579
23,778
34,092
53,082
24,459
29,973
20,586
18,787
27,774
23,046
29,176
38,076
24,589
34,606
54,939
25,083
31,184
21,435
19,863
29,622
23,795
30,208
39,466
25,664
35,529
57,019
26,013
30,852
1,522
19,839
17,927
22,069
45,725
14,118
20,361
18,403
22,668
47,055
33,930
34,958
39,781
38,862
43,864
32,989
43,925
33,428
33,294
33,196
33,405
35,410
38,295
37,312
41,868
32,000
42,921
32,485
32,352
32,229
32,488
34,427
14
396
1,230
855
375
872
1,921
491
557
1,449
707
1,274
237
14
416
1,294
914
380
858
8,496
1,295
8,778
937
1,799
1,862
33,615
1,599
1,159
7,538
1,179
360
442
1,363
8,984
962
1,912
20,771
18,915
23,004
49,252
14,887
3,933
2,118
1,815
2,808
819
4,065
2,199
1,866
2,963
796
4,219
2,304
1,915
3,110
788
36,091
18,353
4,564
3,764
2,026
1,738
800
13,789
12,903
6,765
6,138
18,333
4,415
3,614
1,952
1,662
801
13,918
13,042
6,880
6,162
876
18,403
4,307
3,513
1,899
1,614
794
14,096
13,230
7,044
6,186
-473
-503
41,214
40,252
45,484
34,095
45,470
34,525
34,375
34,139
34,644
36,819
1,139
6,372
1,061
343
394
1,229
32,216
1,561
1,162
6,875
1,136
358
421
944
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).
D-34
• National Data
SURVEY OF CURRENT BUSINESS
Table B.10.—Farm Sector Output, Gross Product, and National Income
Farm output
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
Equals: Gross farm product
1995
1996
196.7
222.1
194.1
107.2
87.0
5.9
.5
5.5
-9.3
-9.6
.2
201.7
108.7
93.0
6.1
.4
6.3
7.6
8.8
-1.1
1997
1995
1996
190.7 195.7 208.3
207.2
188.8 177.3 191.0
110.6
97.1 87.1 96.0
96.5
91.3 90.6 95.1
6.3
5.2
5.1
5.0
.5
.4
.4
.5
5.0
6.2
7.1
5.3
-11.0
7.1
4.3
4.3
4.2
5.1 -9.2
6.5
-.7
.3 -1.3
-.8
124.4
130.5
135.1
109.9
14.5
113.5
17.0
119.6
15.5
72.3
91.6
90.2
24.8
25.8
26.6
Equals: Net farm product
47.5
65.9
63.6
118.5 116.9 118.2
104.0 100.7 103.6
14.5 16.4 14.6
72.0 78.6 90.3
22.8 23.2 23.7
49.0 55.2 66.6
Less: Indirect business tax and nontax
liability
Equals'. Farm national income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income and corporate profits
with IVA and CCAdj
Proprietors' income
Corporate profits
Net interest
5.1
6.1
5.1
6.1
5.5
6.2
48.4
15.7
13.3
2.4
66.9
16.5
14.2
2.3
64.4
16.9
14.4
2.5
23.3
22.4
.8
9.5
40.6
38.9
1.7
9.8
37.3
35.5
1.8
10.2
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.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
Billions of chained
(1992) dollars
Billions of dollars
1997
1995
1996
723.1
758.4
717.2
532.4
184.8
5.9
752.3
559.1
193.2
6.1
1997
1995
1996
799.8
663.9
675.8
692.6
793.5
590.3
203.2
6.3
658.7
487.4
171.4
5.2
670.7
496.0
174.7
687.6
508.9
178.7
5.0
225.3
Less: Consumption of fixed capital
Plus: Subsidies to operators
Table B.11.—Housing Sector Output, Gross Product, and National
Income
Billions of chained
(1992) dollars
Billions of dollars
August 1999
Housing output
l
Nonfarm housing ....
Owner-occupied .
Tenant-occupied
Farm housing
Less: Intermediate goods and services
consumed
5.1
1997
88.5
91.1
95.3
82.1
82.7
83.8
634.6
629.6
463.0
166.5
5.0
667.2
662.1
486.4
175.6
5.2
704.5
699.1
513.4
185.8
5.3
581.8
577.4
423.3
154.2
4.4
593.0
588.7
430.5
158.3
4.4
608.7
604.5
441.9
162.6
4.2
Less: Consumption of fixed capital
Capital consumption allowances
Less: CCAdj
115.9
59.7
-56.2
119.6
63.0
-66.5
126.2
67.1
^59.1
103.7
104.6
107.2
Equals: Net housing product
518.7
547.7
578.3
478.3
488.7
501.7
Less: Indirect business tax and nontax
liability plus business transfer payments
116.0
119.9
123.5
Equals: Gross housing product.
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
Plus: Subsidies less current surplus of
government enterprises
Equals: Housing national income
Compensation of employees
Proprietors' income with IVA and CCAdj.
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
20.8
21.9
22.3
423.5
449.6
477.1
8.1
25.0
105.2
5.0
280.1
8.5
26.5
119.7
5.2
289.7
9.1
27.9
127.7
5.5
306.9
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
B.4.
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.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
National Data • D-35
SURVEY OF CURRENT BUSINESS
August 1999
Table B.12.-Net Stock of Fixed Private Capital, by Type
Chain-type quantity indexes (1992=100)
Current-cost valuation (billions of dollars)
1992
1993
1994
1995
1997
1992
1993
1994
1995
1996
1997
13,484.1
14,198.8
15,064.5
15,736.1
16,496.7
17,316.3
100.00
101.94
104.15
106.66
109.50
112.54
2,642.7
2,742.1
2,881.7
3,040.9
3,180.1
3,322.9
100.00
102.74
106.62
111.65
117.49
124.22
2,590.0
2,686.7
2,823.1
2,980.2
3,116.5
3,257.8
100.00
102.72
106.61
111.67
117.55
124.32
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment
Other office equipment
Communication equipment
Instruments
Photocopy and related equipment
629.0
120.7
101.0
19.7
330.8
109.9
67.5
650.4
128.3
107.9
20.4
333.0
117.9
71.2
673.8
138.5
118.0
20.6
335.3
124.1
75.8
691.7
149.3
128.4
20.9
332.2
130.5
79.7
724.0
159.1
138.2
20.9
346.8
135.8
82.4
768.3
170.9
149.4
21.5
372.7
140.8
83.9
100.00
100.00
100.00
100.00
100.00
100.00
100.00
106.40
120.18
124.20
101.27
102.41
105.34
104.27
113.96
144.51
154.49
101.08
106.50
109.32
109.02
124.85
187.01
208.02
103.44
112.65
112.62
112.48
139.04
253.74
295.81
104.23
120.48
116.24
114.89
155.94
345.30
419.64
107.17
129.70
120.90
118.15
Industrial equipment
Fabricated metal products
Engines and turbines
Steam engines
Internal combustion engines
Metalworking machinery
,
Special industry machinery, n.e.c
General industrial, including materials handling, equipment.
Electrical transmission, distribution, and industrial apparatus
916.8
86.7
51.8
47.1
4.7
168.8
199.4
189.0
221.0
945.7
87.0
53.2
48.2
5.0
174.4
207.5
194.9
228.7
991.4
1,052.5
96.1
58.3
52.5
5.7
196.9
232.9
211.8
256.5
1,090.1
99.1
1,127.0
102.9
59.7
53.7
6.0
205.6
243.2
220.5
60.3
54.1
6.2
214.6
251.2
228.6
262.1
269.4
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.38
100.07
102.12
102.13
102.06
100.48
101.85
100.70
102.57
103.55
100.95
104.56
104.33
106.76
102.74
104.03
102.25
105.65
106.41
102.07
105.22
104.65
110.74
106.22
107.82
104.43
108.97
109.17
103.43
105.88
104.99
114.51
109.57
110.85
107.17
112.09
112.33
104.89
105.19
103.91
117.60
113.95
113.94
110.34
115.96
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
510.0
169.1
107.6
121.2
45.1
67.1
538.9
185.5
111.7
127.1
45.6
69.0
581.2
210.1
124.6
129.2
44.7
72.7
626.6
236.2
661.8
692.3
260.6
137.0
44.8
78.7
140.1
45.3
78.7
282.3
138.8
146.2
45.5
79.4
100.00
100.00
100.00
100.00
100.00
100.00
102.30
105.33
100.93
102.25
98.25
99.65
106.91
115.39
109.20
100.57
95.33
100.79
111.71
126.93
112.47
101.75
92.92
102.33
117.10
140.35
116.34
102.22
91.48
103.55
123.22
154.34
118.77
106.08
90.14
105.16
534.2
146.1
9.1
137.0
54.1
42.4
11.7
551.8
153.8
9.4
144.4
55.1
43.2
11.9
609.4
640.6
670.2
64.9
66.0
65.6
576.6
163.0
9.7
153.3
57.2
45.1
12.1
67.1
66.8
69.6
15.3
40.1
14.6
61.0
47.2
4.7
42.5
175.7
10.2
165.5
59.2
47.2
12.0
70.4
73.0
13.8
186.5
10.6
175.9
60.7
48.4
12.4
111
77.3
13.5
73.5
52.6
5.4
47.2
83.0
87.7
196.7
11.0
185.7
62.6
49.8
12.8
74.9
82.2
13.5
77.0
55.0
5.6
49.5
108.2
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.19
103.04
100.43
103.21
99.71
100.28
97.68
98.79
99.09
93.67
99.38
104.87
101.98
105.20
103.18
103.29
105.84
101.74
106.12
101.34
102.61
96.85
99.07
100.51
87.79
103.02
107.43
104.43
107.77
106.40
106.40
110.44
104.11
110.86
103.29
105.77
94.52
100.63
102.97
83.98
107.23
110.80
108.68
111.04
109.67
110.23
115.22
107.37
115.73
105.24
108.05
95.31
102.46
106.75
80.12
112.34
116.00
113.47
116.28
114.50
114.82
120.87
110.86
121.53
108.10
111.31
96.82
104.81
111.41
79.64
116.49
122.92
118.62
123.41
120.05
Fixed private capital
Private producers' durable equipment
.
Nonresidential equipment
Other equipment
Furniture and fixtures
Household furniture
Other furniture
Tractors
Farm tractors
*.•.
Construction tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Household appliances
Other
Other nonresidential equipment
Residential equipment
Private structures
Nonresidential structures
Nonresidential buildings, excluding farm
Industrial buildings
Office buildings »
Commercial buildings
Mobile structures
Other commercial2
Religious buildings
Educational buildings
Hospital and institutional buildings
Other
Hotels and motels
Amusement and recreational buildings
Other nonfarm buildings3
Utilities
Railroad
Telecommunications
Electric light and power
Gas
Petroleum pipelines
Farm related buildings and structures
Mining exploration, shafts, and wells
Petroleum and natural gas
Other mining
Other nonfarm structures4
,
,
,
,
,
,
,
,
60.3
44.6
4.6
90.3
56.8
51.5
5.4
183.0
218.2
202.5
240.5
14.0
64.5
130.5
136.3
48.9
4.9
44.0
69.1
50.8
5.2
45.6
92.4
97.5
103.8
52.6
55.4
58.6
60.6
63.6
65.1
100.00
103.36
107.18
111.08
115.01
119.30
10,841.4
11,456.7
12,182.8
12,695.2
13,316.6
13,993.3
100.00
101.75
103.57
105.50
107.67
109.92
4,302.7
4,528.9
4,775.6
4,976.9
5,194.7
5,467.5
100.00
101.16
102.20
103.64
105.29
107.09
3,306.1
730.0
3,512.9
768.9
851.2
8.7
842.5
147.0
138.9
330.5
339.7
173.4
89.3
77.0
816.0
909.1
9.1
900.1
155.3
150.9
351.8
97.7
79.6
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.38
100.17
101.51
101.96
101.54
101.97
101.10
102.47
102.72
100.79
101.03
101.25
99.84
102.97
101.44
102.54
103.93
103.27
103.94
102.06
105.40
105.71
101.88
101.79
103.20
100.73
105.07
103.06
104.07
106.60
105.22
106.62
103.23
108.63
109.12
103.73
104.22
106.80
99.59
107.51
104.48
105.99
109.91
107.71
109.94
104.46
112.85
111.58
107.33
109.23
111.56
99.09
110.20
105.37
108.47
113.27
110.77
113.30
106.47
118.26
114.56
111.81
115.14
117.76
98.86
1,235.7
312.4
233.1
482.3
166.1
41.9
1,269.3
315.5
239.2
496.5
174.2
43.8
100.00
100.00
100.00
100.00
100.00
100.00
100.59
101.66
100.86
101.42
100.18
100.76
98.22
103.71
100.77
101.99
100.25
101.39
97.40
105.97
101.42
103.47
100.10
101.98
96.83
108.19
102.12
104.02
100.13
102.25
96.42
110.18
102.14
104.18
100.00
2,834.9
636.2
3,011.3
123.5
108.0
259.8
277.6
139.2
70.2
670.1
717.2
7.2
710.1
129.4
114.7
276.7
290.6
145.9
73.7
707.8
765.0
7.9
757.1
136.6
68.2
71.0
2,686.1
613.0
625.4
678.7
6.6
672.1
673.6
3,145.6
700.9
735.3
803.6
8.3
795.3
763.0
1,062.0
272.4
185.3
423.8
143.1
37.5
1,120.2
290.1
194.0
443.4
153.0
39.6
1,159.7
294.0
204.8
459.6
160.0
41.2
141.4
130.2
314.6
319.5
161.0
83.2
75.3
1,204.1
300.3
221.6
476.8
163.8
41.6
183.5
259.0
229.3
29.7
112.1
194.3
260.1
229.2
31.0
119.4
201.6
274.5
241.6
32.9
128.4
204.6
284.2
250.6
33.7
138.4
209.2
299.0
264.4
34.6
144.7
215.8
316.3
280.1
36.2
153.3
100.00
100.00
100.00
100.00
100.00
102.10
99.14
98.97
100.48
104.32
101.29
98.31
97.82
101.99
107.95
100.41
97.06
96.42
101.90
111.12
96.20
95.44
102.08
113.15
99.50
96.38
95.55
102.87
115.61
123.5
297.9
307.0
153.7
78.6
74.7
366.8
189.5
Residential structures
6,538.7
6,927.8
7,407.2
7,718.3
8,121.9
8,525.9
100.00
102.14
104.47
106.72
109.25
111.79
Housing units
Permanent site
1-to-4-unit
5-or-more-unit
Mobile homes
Improvements
Other residential5
5,327.0
5,226.1
4,465.3
760.7
100.9
1,185.1
5,667.3
5,557.9
4,796.1
6,078.4
6,320.3
6,641.2
5,956.2
5,182.3
773.8
122.2
1,299.8
29.0
6,187.9
5,395.1
792.8
132.4
1,368.8
29.3
6,499.9
6,965.1
6,815.5
100.00
100.00
100.00
100.00
100.00
100.00
100.00
102.00 104.20
102.00 104.17
102.37 105.01
99.78 99.05
102.02 105.56
102.83 105.87
106.34
106.27
107.35
99.61
110.08
108.67
98.53
97.93
108.79
108.66
110.00
100.39
115.22
111.64
97.58
111.29
111.10
112.69
101.31
120.49
114.46
97.88
26.6
761.9
109.4
1,232.6
27.8
1. Consists of office buildings, except those occupied by electric and gas utility companies.
2. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for
commercial purposes.
3. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and fraternity and sorority houses.
5,673.3
826.6
141.3
1,450.8
29.9
5,960.2
855.3
149.6
1,529.9
30.8
99.67
NOTE.—The data in this table are from "Fixed Reproducible Tangible Wealth in the United States: Revised Estimates for 1995-97 and Summary Estimates for 1925-97" in the September 1998 SURVEY OF CURRENT BUSINESS.
n.e.c. Not elsewhere classified.
D-36
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
C. Historical Tables,
The tables in this section are derived from the "Summary National Income and Product Series" tables that were
published in the August 1998 issue of the SURVEY OF CURRENT BUSINESS and from the "Selected NIPA Tables"
that are published in this issue. (Changes in prices are calculated from indexes expressed to three decimal
places.)
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Year and
quarter
Gross domestic
product
Percent change from preceding
period
Final sales of
Gross national
domestic
Gross domestic
product
product
product
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Chain-type price index
Implicit price deflators
Final sales of Gross domestic Gross domestic Gross domestic Gross national
domestic
product
purchases
product
product
Gross domestic Gross domestic Gross domestic Gross national
product
purchases
product
product
product
2,210.2
2,206.9
2,222.0
7.4
22.95
22.44
22.95
22.96
1.0
1.0
1.0
2,262.9
2,314.3
2,454.8
2,559.4
2,708.4
2,264.2
2,318.0
2,445.4
2,552.4
2,705.1
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
23.27
23.54
23.84
24.12
24.48
22.75
23.00
23.28
23.58
23.94
23.27
23.54
23.84
24.12
24.48
23.28
23.55
23.85
24.13
24.49
1.4
1.1
1.2
1.3
1.6
1.4
1.2
1.3
1.2
1.5
1.4
1.2
1.3
1.2
1.5
2,881.1
3,069.2
3,147.2
3,293.9
3,393.6
2,860.4
3,033.5
3,125.1
3,278.0
3,377.2
2,901.4
3,087.8
3,166.4
3,314.5
3,413.3
6.4
6.5
2.5
4.7
3.0
24.95
25.66
26.48
27.64
28.94
24.39
25.07
25.83
26.95
28.21
24.96
25.67
26.49
27.64
28.94
24.97
25.68
26.50
27.66
28.96
1.9
2.8
3.0
4.3
4.7
2.0
2.8
3.2
4.4
4.7
2.0
2.8
3.2
4.4
4.7
3,397.6
3,510.0
3,702.3
3,916.3
3,891.2
3,406.5
3,499.8
3,689.5
3,883.9
3,873.4
3,417.1
3,532.1
3,726.3
3,950.1
3,930.2
.1
3.3
5.5
5.8
-.6
2.7
5.4
5.3
-.3
30.48
32.05
33.42
35.30
38.46
29.73
31.32
32.71
34.64
38.17
30.48
32.06
33.42
35.30
38.47
30.50
32.08
33.44
35.32
38.49
5.4
5.3
4.5
5.9
10.2
5.3
5.2
4.2
5.6
9.0
5.3
5.2
4.2
5.6
8.9
3,873.9
4,082.9
4,273.6
4,503.0
4,630.6
3,906.4
4,061.7
4,240.8
4,464.4
4,614.4
3,903.3
4,118.8
4,314.5
4,543.7
4,687.4
-.4
5.4
4.7
5.4
2.8
.9
4.0
4.4
5.3
3.4
42.09
44.55
47.42
50.88
55.22
41.72
44.15
47.18
50.65
55.22
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
6.5
7.3
8.5
9.4
5.9
6.5
7.3
8.5
4,615.0
4,720.7
4,620.3
4,803.7
5,140.1
4,641.9
4,691.6
4,651.2
4,821.2
5,061.6
4,670.8
4,769.9
4,662.0
4,844.8
5,178.0
-.3
2.3
-2.1
4.0
7.0
.6
1.1
-.9
3.7
5.0
60.34
66.01
70.18
73.16
75.92
61.10
66.72
70.64
73.31
75.90
60.33
66.01
70.17
73.16
75.92
60.36
66.05
70.21
73.20
75.97
9.3
9.4
6.3
4.3
3.8
10.7
9.2
5.9
3.8
3.5
9.2
9.4
6.3
4.3
3.8
9.2
9.4
6.3
4.3
3.8
5,323.5
5,487.7
5,649.5
5,865.2
6,062.0
5,296.9
5,480.9
5,626.0
5,855.1
6,028.7
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
78.53
80.58
83.06
86.10
89.72
78.34
80.40
83.11
86.13
89.78
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
3.4
2.6
3.1
3.7
4.2
6,136.3
6,079.4
6,244.4
6,126.7
6,082.6
6,237.4
6,368.9
6,551.2
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
93.64
97.32
100.00
102.64
105.09
93.83
97.30
100.00
102.48
104.85
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
4.3
4.0
2.8
2.6
2.4
4.3
4.0
2.7
2.6
2.4
7,269.8
7,551.9
6,731.7
6,961.6
7,203.7
7,491.3
6,779.5
7,008.4
7,266.2
7,537.8
2.3
3.4
3.9
3.9
2.8
3.4
3.5
4.0
107.51
109.54
111.57
112.71
107.28
109.18
110.92
111.54
107.51
109.53
111.57
112.70
107.49
109.50
111.52
112.64
2.3
1.9
1.9
1.0
2.3
1.8
1.6
.6
2.3
1.9
1.9
1.0
2.3
1.9
1.8
1.0
2,165.0
22233
2,221.4
2,231.0
2,165.5
2,204.2
2,232.6
2,225.3
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
22.86
22.92
22.96
23.05
22.35
22.41
22.45
22.53
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
-.3
.6
1.6
.8
-.3
.6
1.6
2,279.2
2,265.5
2,268.3
2,238.6
2,248.5
2,268.4
2,265.1
2,274.7
2,291.6
2,278.2
2,281.6
2,252.7
8.9
-2.4
.5
-6.1
4.2
3.6
-.6
1.7
23.10
23.21
23.32
23.44
22.57
22.69
22.80
22.92
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
1.8
1.5
1.7
1.4
1.9
1.5
1.7
1.4
IV .
2,251.7
2,292.0
2,332.6
2,381.0
2,277.7
2,301.1
2,320.4
2,372.8
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
23.48
23.51
23.55
23.61
22.96
22.97
23.01
23.06
23.45
23.51
23.56
23.63
23.46
23.52
23.57
23.64
.7
.5
.7
1.1
.9
1.0
.8
1.2
.9
1.0
.8
1.2
1962:1 ...
II...
III..
IV .
2,422.6
2,448.0
2,471.9
2,476.7
2,400.3
2,440.7
2,462.0
2,478.7
2,437.4
2,464.4
2,488.4
2,495.9
7.2
4.3
4.0
4.7
6.9
3.5
2.7
23.73
23.80
23.86
23.96
23.17
23.24
23.31
23.41
23.75
23.81
23.87
23.94
23.76
23.81
23.87
23.95
2.0
1.1
1.1
1.7
2.0
1.0
1.0
1.2
2.0
1.0
1.0
1.2
1963:1 ...
II...
III..
IV .
2,508.7
2,538.1
2,586.3
2,604.6
2,492.4
2,533.8
2,578.0
2,605.3
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
24.03
24.07
24.11
24.26
23.48
23.53
23.58
23.72
24.00
24.07
24.12
24.29
24.01
24.08
24.13
24.30
1.2
.6
.7
2.4
1.1
1.1
2.5
3.0
1.1
1.1
.8
3.0
1964:1 ...
II...
III..
IV .
2,666.7
2,697.5
2,729.6
2,739.7
2,663.1
2,695.0
2,727.6
2,734.5
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
24.33
24.41
24.53
24.64
23.80
23.89
23.99
24.09
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
.9
.9
1.8
2.1
.9
.9
1.8
2.1
1965:1 ...
II...
III..
IV .
2,808.9
2,846.3
2,898.8
2,970.5
2,777.2
2,826.7
2,879.8
2,957.8
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
24.76
24.88
25.01
25.16
24.19
24.31
24.44
24.61
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
1.9
2.1
2.6
2.0
1.9
2.1
2.6
1966:1 ...
II...
III..
IV .
3,042.4
3,055.5
3,076.5
3,102.4
3,008.8
3,023.1
3,047.2
3,054.8
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
25.30
25.50
25.82
26.03
24.73
24.93
25.22
25.41
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
2.5
3.2
4.2
3.5
2.5
3.3
4.2
3.5
6,610.7
6,761.7
1959:1 ,
IV .
1960:1 ...
IV .
1961:1 ...
.8
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-37
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
Billions of chained (1992) dollars
Percent change from preceding
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
nprjnH
Implicit pric 1 deflators
Gross domestic Final sales of Gross national
Final sales of Gross domestic Gross domestic Gross domestic Gross national
domestic
Gross domestic
product
domestic
purchases
product
product
product
Gross
domestic Gross national
product
Gross
domestic
Gross
domestic
product
product
product
product
purchases
product
product
Year and
quarter
Chain-type price index
1967:1
II
Ill
IV
3,1275
3,129.5
3,154.2
3,178.0
3.085.6
3,119.0
3,134.2
3,161.5
3,145.9
3,147.7
3,174.4
3,197.5
3.2
.3
3.2
3.1
4.1
4.4
2.0
3.5
26.16
26.32
26.57
26.87
25.52
25.67
25.92
2651
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
1.9
2.5
4.5
4.6
2.0
2.5
4.5
4.6
1968:1
II
HI
IV
3,2365
3,292.1
3,316.1
3,331.2
3,225.3
3,258.0
3,303.9
3,325.1
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
27.19
27.50
27.75
28.12
26.52
26.80
27.06
27.43
2751
27.49
27.75
28.12
27.22
27.50
27.76
28.13
4.8
4.5
3.7
5.5
4.9
45
4.0
5.5
4.7
4.1
3.8
5.5
4.8
4.1
3.8
5.5
1969:1
II
HI
IV
3,381.9
3,390.2
3,409.7
3,392.6
3,357.5
3,373.0
3,389.6
3,388.9
3,402.8
3,410.3
3,428.5
3,411.4
65
1.0
2.3
-2.0
4.0
1.9
2.0
-.1
28.38
28.74
29.14
29.51
27.66
28.02
28.40
28.77
28.39
28.73
29.14
29.51
28.40
28.75
29.16
29.52
3.7
55
5.7
5.2
3.5
5.3
5.6
5.2
3.8
5.0
5.8
5.1
3.9
5.0
5.8
5.1
1970:1
II
Ill
IV
3,386.5
3,391.6
3,423.0
3,389.4
3,397.6
3,391.9
3,421.9
3,414.8
3,406.0
3,411.9
3,442.9
3,407.4
-.7
.6
3.7
-3.9
1.0
-.7
3.6
-.8
29.92
30.36
30.60
31.02
29.18
29.59
29.87
3059
29.94
30.36
30.61
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
6.0
5.7
3.4
5.4
6.0
5.7
3.4
5.4
1971:1
II ....
Ill
IV
3,481.4
3,500.9
3,523.8
3,533.8
3,458.9
3.481.2
3,509.4
3,549.5
3,503.3
3,524.3
3,544.7
3,556.0
11.3
2.3
2.6
1.1
5.3
2.6
3.3
4.7
31.50
31.93
32.25
32.53
30.75
31.18
31.52
31.81
31.50
31.93
32.27
32.54
31.52
31.94
3229
32.55
6.3
5.7
4.1
3.5
6.2
5.7
4.5
3.7
6.4
5.5
4.4
3.3
6.4
5.5
4.4
3.3
1972:1
II
III
IV
3,604.7
3,687.9
3,726.2
3,790.4
3,608.0
3,665.7
3,700.0
3,784.3
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
33.01
33.23
33.50
33.93
32.28
32.53
32.82
33.23
33.02
3350
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
2.2
3.5
5.6
6.1
2.2
3.5
5.6
1973:1
3,892.2
3,919.0
3,907.1
3,947.1
3,867.0
3,884.5
3,890.9
3,893.1
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
5
34.38
34.96
35.63
36.24
33.69
34.33
34.95
35.60
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
5.0
6.9
7.9
7.8
5.0
6.9
7.9
7.8
3,908.1
3,922.6
3,880.0
3,854.1
3.889.1
3,899.7
3.882.5
3,822.2
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
36.98
37.79
38.93
40.14
36.55
37.59
38.71
39.84
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
125
8.2
8.7
12.9
12.6
8.2
8.7
12.9
12.5
3,800.9
3,835.2
3,907.0
3,952.5
3,848.3
3,887.9
3,922.7
3,966.7
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
41.04
41.67
42.44
43.21
40.69
41.34
42.05
42.79
41.05
41.66
42.41
43.19
41.07
41.68
42.44
43.22
95
6.3
7.6
7.4
8.8
6.5
7.0
7.2
9.5
6.1
7.4
7.6
9.5
6.1
7.4
7.6
1976:1
II ...
Ill
IV
4,044.6
4,0725
4,088.5
4,126.4
4.027.0
4,039.1
4,061.7
4,119.0
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
43.68
44.17
44.78
45.56
43.26
43.76
44.42
45.16
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
4.7
4.2
5.7
7.3
4.7
4.2
5.7
7.3
1977:1
II
III
IV
4,176.3
4,260.1
4,329.5
4,328.3
4,161.4
4,228.4
4,270.0
4,303.3
4,219.4
4,3025
4,371.2
4,365.0
4.9
8.3
6.7
-.1
4.2
6.6
4.0
3.2
46.31
47.08
47.74
48.55
45.99
46.81
47.55
48.36
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
7.3
6.4
7.1
6.8
6.6
5.1
8.4
6.7
6.7
5.1
8.4
1978:1
II
III
IV
4,345.5
4,510.7
4,552.1
4,603.7
4,306.0
4,474.6
4,511.6
4,565.4
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
49.39
50.43
51.32
52.37
49.19
50.22
51.11
52.08
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
7.3
7.9
6.7
8.2
7.0
8.7
6.7
8.2
7.1
8.7
1979:1
4,605.7
4,615.6
4,644.9
4,6565
4.579.0
4,577.0
4,639.2
4,662.5
4,652.6
4,668.7
4,708.8
4,719.5
5
.9
2.6
1.0
15
-5
5.5
2.0
53.46
54.70
55.82
56.92
53.21
54.52
55.89
5755
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
105
9.1
8.8
8.9
8.1
9.1
8.8
8.9
8.1
1980-1
II
Ill
IV
4.679.0
4,566.6
4,562.3
4,651.9
4,675.3
4,579.0
4,637.1
4,676.1
4,743.0
4,625.6
4.617.8
4,696.6
2.0
-9.3
-.4
8.1
1.1
-8.0
5.2
3.4
58.25
59.59
60.93
62.57
58.89
60.41
61.77
63.33
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
95
9.7
10.2
10.8
9.2
9.7
10.2
10.8
1981:1
II
Ill ...
IV
4,739.2
4,696.8
4,753.0
4,693.8
4,692.9
4,699.0
4,702.5
4,672,0
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
64.19
65.35
66.65
67.85
64.96
66.15
6757
68.48
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
10.3
7.8
8.0
7.5
10.4
7.8
8.0
7.5
1982:1
4,615.9
4,634.9
4,612.1
4,618.3
4,655.4
4,651.2
4,616.9
4,681.3
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
68.85
69.71
70.69
71.46
69.42
70.17
71.10
71.85
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
5.5
4.4
6.0
5.1
5.5
4.4
Ill
IV
4,663.0
4,763.6
4,849.0
4,9395
4,719.4
4,785.3
4,860.7
4,919.5
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
72.12
72.84
73.50
74.19
72.33
73.03
73.65
74.24
72.08
72.83
73.48
74.19
72.12
72.87
73.52
7454
3.7
4.1
3.7
3.8
2.7
3.9
3.4
3.2
3.7
4.2
3.7
3.9
3.7
4.2
3.7
3.9
1984:1
II
Ill
IV
5,053.6
5,132.9
5,170.3
5,203.7
4,961.0
5,050.0
5,085.6
5,149.9
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
55
75.00
75.62
7655
76.82
75.04
75.65
76.19
76.71
75.02
75.58
7655
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
4.5
3.1
3.5
3.0
4.5
3.1
3.6
2.9
1985:1
II
Ill
IV
5,257.3
5,283.7
5,359.6
5,393.6
5,231.7
5,261.0
5,336.9
5,358.0
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
77.64
7855
78.80
79.44
77.38
78.02
78.58
79.37
77.63
78.25
78.76
79.45
77.67
78.29
78.80
79.49
4.3
35
2.8
3.3
3.6
3.3
2.9
4.1
4.4
3.3
2.6
3.5
4.3
3.2
2.6
3.5
1986:1
II
III
IV
5,460.8
5,466.9
5,496.3
5,526.8
5,410.5
5,448.4
5,518.2
5,546.6
5,481.1
5,480.1
5,510.4
5,533.1
5.1
.4
25
25
4.0
2.8
5.2
2.1
79.81
8056
80.81
81.44
79.77
79.97
80.60
81.25
79.81
80.22
80.84
81.45
79.85
80.26
80.88
81.49
1.9
2.2
2.8
35
2.0
1.0
3.2
3.3
1.8
2.1
3.1
3.1
1.8
2.1
3.1
3.0
1987:1
5,561.8
5,618.0
5,667.4
5.750.6
5,535.8
5,608.4
5,671.5
5,688.3
5,568.7
5,628.7
5,676.0
5,759.6
2.6
4.1
3.6
6.0
-.8
5.4
4.6
1.2
82.11
82.68
83.35
84.08
82.07
82.74
83.44
84.19
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
3.2
2.9
35
3.7
3.2
2.9
3.2
3.7
HI
IV
1974:1
II..
Ill .
IV
1975:1
II
Ill. ..
IV
.
III"!"."""
IV
III
IV
1983:1
Ill ..
IV
D-38
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Percent change from preceding
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
rwjru-t
Year and
quarter
Chain-type price index
Implicit price deflators
Gross domestic Final sales of Gross national
Final sales of Gross domestic Gross domestic Gross domestic Gross national
domestic
Gross domestic
product
Gross domestic Gross national
product
purchases
product
product
Gross
domestic
product
domestic
Gross
domestic
product
product
product
product
purchases
product
product
1988:1
II
III
IV
5,785.3
5,844.0
5,878.7
5,952.8
5,774.2
5,840.1
5,869.2
5,937.0
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
84.69
85.56
86.67
87.46
84.81
85.68
86.58
87.44
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
2.7
4.3
5.2
3.7
2.8
4.3
5.2
3.7
1989:1
II
Ill
IV
6,011.0
6,055.6
6,088.0
6,093.5
5,970.0
6,010.9
6,063.1
6,070.8
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
88.44
89.40
90.13
90.91
88.47
89.52
90.14
90.98
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
4.7
4.3
3.3
3.4
4.7
4.3
3.3
3.4
1990:1
||
III
IV
6,152.6
6,171.6
6,142.1
6,079.0
6,144.6
6,127.5
6,126.6
6,108.1
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
92.01
93.20
94.19
95.14
92.17
93.14
94.32
95.68
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
4.2
4.2
5.1
5.2
4.2
4.2
1991:1
||
Ill
IV
6,047.5
6,074.7
6,090.1
6,105.3
6,065.4
6,095.9
6,085.4
6,083.8
6,074.3
6,086.4
6,099.2
6,119.5
-2.1
1.8
1.0
1.0
-5.8
2.0
-.7
-.1
96.26
97.02
97.70
98.30
96.42
96.95
97.58
98.27
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
5.0
3.1
2.9
2.5
4.9
3.1
2.9
2.5
1992:1
II.
Ill
IV
6,175.7
62142
6,260.7
6 327.1
6,175.8
62038
6,249.5
63207
6,192.0
6,225.2
6,270.3
6334.6
4.7
2.5
3.0
43
6.2
18
3.0
46
99.14
99.81
100.17
100.88
99.04
99.76
100.28
100.92
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
1.5
2.9
3.4
2.7
1.5
2.9
1993:1
II
Ill
IV
6,327.9
6,359.9
6,393.5
6,476.9
6,297.3
6,344.9
6,379.3
6,453.8
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
101.85
102.38
102.83
103.52
101.71
102.28
102.64
103.28
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
2.0
1.9
2.7
3.8
2.0
1.9
2.6
1994:1
II
III
IV
6,524.5
6,600.3
6,629.5
6,688.6
6,473.0
6,526.7
6,580.4
6,624.8
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
104.16
104.74
105.39
106.07
103.80
104.46
105.24
105.88
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
2.4
2.2
2.6
2.7
2.5
2.2
2.6
2.6
1995:1
II
Ill
IV
6,717.5
6,724.2
6,779.5
6,825.8
6,661.8
6,700.0
6,761.7
6,803.3
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
106.74
107.26
107.76
108.30
106.47
107.11
107.52
107.99
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
2.5
1.8
1.9
2.0
2.6
1.8
1.9
2.0
1996:1
II
III
IV
6,882.0
6,983.9
7,020.0
7,093.1
6,863.6
6,954.7
6,970.3
7,057.9
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
108.90
109.28
109.77
110.21
108.56
108.94
109.34
109.90
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
2.3
1.2
1.8
1.8
2.3
1.2
1.8
1.8
1997:1
||
Ill
IV
7,166.7
7,236.5
7,311.2
7,364.6
7,108.1
7,155.5
7,256.3
7,294.8
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
110.97
111.45
111.77
112.09
110.51
110.76
111.06
111.34
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
2.8
1.6
1.2
1.2
2.8
1.5
1.2
1.2
1998:1
II
Ill
IV
7,464.7
7,498.6
7,566.5
7,677.7
7,372.5
7,456.4
7,507.6
7,628.9
7,455.2
7,485.9
7,546.7
7,663.3
5.5
1.8
3.7
6.0
4.3
4.6
2.8
6.6
112.33
112.57
112.85
113.08
111.29
111.42
111.60
111.84
112.32
112.56
112.84
113.07
112.26
112.50
112.78
113.01
.9
.9
1.0
.8
-.2
.4
.7
.9
.8
.9
1.0
.8
.8
.9
1.0
.8
1999:1
||
7,759.6
7,803.6
7,715.4
7,776.0
7,746.3
4.3
2.3
4.6
3.2
113.53
113.98
112.18
112.76
113.52
113.97
113.45
1.6
1.6
1.2
2.1
1.6
1.6
1.6
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-39
Table C.2.—Real Gross Domestic Product
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
Initial year
Terminal year
1972
1973
1974
1975
1976
1977
1982 1983 1984 1985 1986
1987
1990
2.6
2.5
2.5
2.4
2.4
2.3
2.3
2.3
2.6
2.7
2.7
2.5
2.5
2.4
2.1
.9
-.1
1.0
-.3
2.8
2.8
2.7
2.7
2.7
2.6
2.7
2.7
2.9
3.0
3.0
2.9
2.9
2.9
2.8
2.4
2.2
2.8
2.9
3.5
3.7
3.2
2.4
-.4
1997.
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1981
1978 1979
1991 1992 1993 1994 1995 1996
2.6
2.5
2.2
2.0
1.9
1.4
1997
3.9
Table C.3.—Price Index for Gross Domestic Product
[Average annual percent change, based on chain-type price indexes (1992=100)]
Initial year
Terminal year
1972
1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986
4.8
4.9
5.0
5.2
5.3
5.5
5.6
5.8
5.9
6.0
6.1
6.3
6.6
6.9
7.2
7.6
7.9
8.1
8.0
7.7
7.6
7.7
8.1
9.2
8.9
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
4.6
4.7
4.9
5.0
5.2
5.3
5.5
5.6
5.7
5.8
5.9
6.1
6.4
6.7
7.0
7.4
7.8
8.0
7.8
7.5
7.2
7.2
7.6
9.4
4.4
4.5
4.7
4.8
4.9
5.1
5.2
5.4
5.5
5.6
5.7
5.8
6.1
6.4
6.8
7.2
7.6
7.8
7.5
7.0
6.5
6.1
5.8
4.3
4.5
4.6
4.7
4.9
5.0
5.2
5.3
5.4
5.5
5.6
5.8
6.1
6.5
6.9
7.3
7.9
8.2
7.9
7.4
6.9
6.5
3.8
4.0
4.1
4.3
4.4
4.5
4.7
4.8
4.9
5.0
5.1
5.2
5.5
6.0
6.6
7.3
8.3
9.3
9.3
1987
1992
3.5
3.7
3.8
3.9
4.0
4.2
4.3
4.4
4.5
4.5
4.5
4.7
4.9
5.4
5.9
6.6
7.8
9.4
1993 1994 1995 1996
1.9
2.1
2.2
2.3
2.4
1997
1.0
Table C.4.—Real Gross Domestic Purchases
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
Terminal year
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
Initial year
1972
2.8
2.7
26
2.6
26
2.6
2.5
2.5
2.7
2.9
2.9
2.9
2.9
2.8
2.8
2.3
2.0
2.4
2.3
3.0
3.1
2.7
20
.6
1.6
4.8
1973
2.7
2.6
25
2.5
25
2.4
2.4
2.4
2.6
2.7
2.7
2.7
2.7
2.7
2.6
2.0
1.6
2.1
2.0
2.7
2.8
2.2
1.1
-1.4
-1.5
1974
2.9
2.8
27
27
27
27
2.6
2.6
2.9
3.0
3.1
3.1
3.1
3.1
3.0
2.4
2.0
2.6
2.6
3.5
3.9
3.4
25
-1.3
1975
3.1
3.0
29
2.9
29
2^
2.9
2.9
3.2
3.4
3.4
3.4
3.5
35
3.5
2.9
2.5
3.2
3.4
4.8
5.7
5.9
64
1976
2.9
2.8
28
2.7
27
2.7
2.7
2.6
3.0
3.1
3.2
3.2
3.2
3.2
3.1
2.4
1.9
2.6
2.7
4.3
5.3
5.4
1977
2.8
2.7
26
2.6
26
2.5
2.5
2.5
2.8
2.9
3.0
3.0
3.0
2.9
2.8
1.9
1.2
1.9
1.8
3.7
5.3
1978
2.7
2.6
25
2.4
24
2.3
2.3
2.2
2.6
27
2.7
2.7
2.7
2.6
2.4
1.2
.2
.9
.1
2.2
1979
2.7
2.6
25
2.4
24
2.3
2.3
2.2
2.6
2.8
2.8
2.8
2.8
27
2.5
1.0
-.4
.2
-2.0
1980
3.0
2.9
28
2.7
28
2.7
2.7
2.6
3.1
3.3
3.4
3.5
3.6
3.7
3.6
2.0
.4
2.4
1981
3.0
2.9
28
27
28
2.7
27
27
3.1
3.4
3.5
3.6
3.8
4.0
4.0
1.8
-1.6
1982
3.3
3.2
31
3.1
32
3.1
3.1
3.1
3.7
4.2
4.4
4.7
5.2
5.9
6.9
5.3
1983
3.2
3.0
30
2.9
30
2.9
2.9
2.9
3.5
4.0
4.2
4.6
5.2
6.2
8.5
NOTE.—In these triangles, the growth rate from one year to any other year can be found at the intersection
of the column for the earlier year and the row for the later year; thus, growth rates from one year to the next
are shown on the main diagonal. For example, from 1985 to 1995, real gross domestic product grew at an average
annual rate of 2.4 percent; from 1985 to 1986, it grew 3.1 percent.
1984
2.8
2.6
25
2.4
24
2.3
2.2
2.1
2.7
3.1
3.2
3.3
3.6
3.9
1985
2.7
2.5
24
2.3
23
2.1
1.9
1.8
2.5
2.9
3.0
3.0
3.3
1986
2.7
2.5
23
2.1
21
1.9
1.7
1.5
2.3
2.8
2.8
2.7
1987
2.7
2.4
22
2.1
21
1.8
1.5
1.2
2.1
2.8
2.9
1988
2.6
2.4
22
2.0
19
1.5
1.2
.6
1.8
27
1989
2.6
2.3
21
1.8
18
1.2
7
-.4
.8
1990
2.9
2.6
23
2.0
20
1.4
.6
-1.6
1991
3.5
3.3
31
3.0
32
2.9
2.8
1992
3.6
3.3
31
3.0
34
2.9
1993
3.8
3.4
32
3.0
3.9
1994
37
3.3
29
2.1
1995
4.2
3.9
36
1996
4.6
4.2
1997
5.0
D-40
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table C.5.—Price Index for Gross Domestic Purchases
[Average annual percent change, based on chain-type price indexes (1992=100)]
Initial year
Terminal year
1972
1973
1974
1975
4.8
5.0
5.1
5.3
5.4
5.6
5.7
5.9
6.0
6.1
6.3
6.5
6.7
7.0
7.4
7.8
8.2
8.5
8.4
8.1
7.9
8.0
8.4
9.7
10.2
1997
1996
1995
1994
1993
1992 .
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1976
4.3
4.5
4.6
4.8
4.9
5.1
5.2
5.4
5.5
5.6
5.7
5.9
6.2
6.6
7.0
7.5
8.1
8.6
8.5
7.7
7.1
1979
1977 1978
4.2
4.4
4.5
4.7
4.8
5.0
5.1
5.3
5.4
5.5
5.6
5.8
6.1
6.5
7.0
7.6
8.4
9.0
9.0
8.2
7.4
1980 1981 1982 1983 1984 1985 1986
1987
1990
1991 1992 1993 1994 1995 1996
1997
0.6
2.7
2.9
3.1
3.2
3.4
3.6
3.8
4.0
4.1
3.9
3.6
3.8
4.0
4.1
4.2
4.4
4.5
4.7
4.8
4.9
5.0
5.1
5.2
5.5
6.0
6.6
7.3
8.6
9.9
10.7
Table C.6.—Real Final Sales of Domestic Product
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
Initial year
Terminal year
1972
1973
1974
2.7
2.6
2.6
2.5
2.5
2.5
2.5
2.5
2.7
2.8
2.8
2.7
2.7
2.6
2.4
2.2
2.0
2.4
2.6
2.9
2.8
2.2
1.5
.3
-.3
1998.
1997 .
1996.
1995.
1994 .
1993.
1992 .
1991 .
1990.
1989.
1988.
1987 .
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1975
2.9
2.8
2.8
2.8
2.8
2.8
2.8
2.8
3.0
3.1
3.2
3.1
3.1
3.1
2.9
2.7
2.5
3.1
3.5
4.3
4.6
4.2
4.0
1976 1977
2.8
2.8
2.7
2.7
2.7
2.7
2.7
2.7
3.0
3.1
3.1
3.0
3.0
3.0
2.8
2.5
2.3
2.9
3.4
4.3
4.8
4.4
1981
1978 1979
1982 1983 1984
1985
1987
1988 1989
1990
1992
1993 1994 1995 1996
1997
4.0
2.6
2.6
2.5
2.4
2.4
2.4
2.4
2.4
2.7
2.8
2.7
2.6
2.6
2.5
2.1
1.5
1.0
1.7
2.0
3.4
Table C.7.—Real Disposable Personal Income
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
Terminal year
1972
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983 .
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
2.7
2.7
2.7
2.7
2.6
27
2.7
2.7
2.9
3.0
3.0
3.0
3.0
3.0
3.0
2.7
2.7
2.9
2.9
3.3
3.4
3.0
3.0
2.6
3.1
7.1
1973
2.5
2.5
2.5
2.5
2.4
25
2.5
2.5
2.7
2.7
2.8
2.7
2.7
2.7
2.7
2.2
2.2
2.4
2.4
2.7
2.6
2.0
1.6
.5
-.7
1974
2.7
2.6
2.6
2.6
2.6
26
2.7
2.7
2.9
2.9
3.0
2.9
3.0
3.0
3.0
2.6
2.5
2.8
2.9
3.4
3.5
3.0
2.8
1.7
1975
2.7
2.7
2.7
2.7
2.7
27
2.8
2.8
2.9
3.0
3.1
3.0
3.1
3.2
3.2
2.7
2.7
3.0
3.1
3.8
4.1
3.6
3.9
1976
2.6
2.6
2.6
2.6
2.6
26
2.7
2.7
2.9
3.0
3.0
2.9
3.1
3.1
3.1
2.5
2.5
2.8
2.9
3.7
4.2
3.2
1977
2.6
2.6
2.6
2.6
2.5
26
2.6
2.6
2.9
2.9
3.0
2.9
3.0
3.0
3.1
2.4
2.3
2.7
2.8
3.9
5.2
1978
2.5
2.4
2.4
2.4
2.4
24
2.5
2.4
2.7
2.7
2.8
2.7
2.8
2.7
2.7
1.8
1.6
1.9
1.7
2.7
1979
2.5
2.4
2.4
2.4
2.4
24
2.4
2.4
2.7
2.7
2.8
2.7
2.8
2.7
2.7
1.6
1.2
1.5
.6
1980
2.6
2.5
2.5
2.5
2.5
25
2.6
2.6
2.9
3.0
3.1
3.0
3.1
3.2
3.3
1.9
1.5
2.3
1981
2.6
2.5
2.5
2.5
2.5
25
2.6
2.6
2.9
3.1
3.2
3.1
3.3
3.4
3.6
1.7
.8
1982
2.7
2.7
2.7
2.7
2.6
27
2.8
2.8
3.2
3.4
3.6
3.5
4.0
4.3
5.0
2.7
1983
2.7
2.7
2.7
2.7
2.6
27
2.8
2.8
3.3
3.5
3.8
3.8
4.4
5.1
7.4
1984
2.4
2.3
2.3
2.2
2.2
22
2.3
2.2
2.6
2.8
3.0
2.6
2.9
2.9
1985
2.3
2.3
2.2
2.2
2.1
21
2.2
2.1
2.5
2.7
3.0
2.4
2.9
1986
2.3
2.2
2.1
2.1
2.0
19
2.1
1.9
2.4
2.7
3.0
1.9
1987
2.3
2.2
2.2
2.1
2.0
20
2.1
1.9
2.6
3.0
4.1
1988
2.1
2.0
1.9
1.8
1.7
1 5
1.6
1.2
1.9
2.0
1989
2.2
2.0
1.9
1.8
1.6
1.4
1.4
.8
1.8
1990
2.2
2.1
2.0
1.8
1.5
13
1.3
-.1
1991
2.6
2.4
2.4
2.3
2.1
20
2.7
1992
2.5
2.4
2.3
2.1
1.8
1.3
1993
2.8
2.7
2.6
2.5
2.3
1994
2.9
2.8
2.8
2.8
1995
2.9
2.8
2.8
1996
3.0
2.8
1997
3.2
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-41
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
1998
1999
1997
May
| June | July
Aug. | Sept. |
Oct.
Nov.
Dec.
Jan. | Feb.
Mar.
Apr. | May | June
l
Consumer and producer prices, (monthly data seasonally adjusted)
Consumer price index for all urban consumers,
1982-84=100:
All items
Less food and energy
Services
160.5
169.5
179.4
163.0
173.4
184.2
162.9
173.3
183.8
163.0
173.5
184.1
163.3
173.8
184.5
163.5
174.2
184.8
163.6
174.5
185.2
163.9
174.8
185.5
164.2
175.0
186.0
164.4
175.6
186.3
164.6
175.7
186.5
164.7
175.8
186.9
165.0
176.0
187.5
166.2
176.7
188.1
166.2
176.9
188.3
166.2
177.0
188.5
Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials
131.8
142.4
130.2
138.2
125.6
111.1
130.6
143.7
128.9
137.5
123.0
96.7
130.6
143.5
128.9
137.5
123.6
100.0
130.4
143.4
128.7
137.3
123.2
97.3
130.7
143.7
129.1
137.4
123.2
97.4
130.3
143.7
128.6
137.2
122.8
93.3
130.6
144.1
128.8
137.6
122.4
91.6
131.0
144.3
129.3
137.7
122.2
93.9
130.7
144.4
128.9
137.8
121.9
93.8
131.3
145.9
129.7
137.7
121.1
90.4
131.7
145.6
130.2
137.6
121.1
90.9
131.1
145.7
129.5
137.7
120.7
131.6
145.7
130.1
137.6
121.2
89.5
132.2
145.8
130.9
137.6
121.9
90.7
132.4
145.9
131.1
137.9
122.1
95.7
132.3
145.6
131.2
137.5
122.6
97.0
,
Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):2
Percent change:
M1
M2
Ratio:
Gross domestic product to M1
Personal income to M2
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, 1941-43=10
-0.36
.47
-0.04
.57
-0.22
.42
-0.30
.61
0.23
1.03
0.53
.97
0.80
.89
0.40
.84
-0.22
.55
0.15
.47
0.86
.23
0.58
.74
-0.33
.39
-0.33
.35
7.583
1.726
7.886
1.688
7.820
1.697
1.692
1.692
7.949
1.689
1.676
1.668
7.982
1.668
1.653
1.654
8.043
1.654
1.655
1.650
8.050
1.649
1.655
5.46
5.07
7.40
6.35
5.52
7.60
8.44
5.35
4.81
6.44
5.26
5.09
6.94
8.35
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
5.54
4.96
6.35
5.46
5.14
6.95
8.50
5.55
4.94
6.34
5.34
5.10
6.92
8.50
5.51
4.74
6.27
4.81
4.99
6.72
8.49
5.07
4.08
6.21
4.53
4.93
6.71
8.12
4.83
4.44
6.42
4.83
5.03
6.87
7.89
4.68
4.42
6.13
4.65
4.98
6.72
7.75
4.63
4.34
6.14
4.72
5.01
6.79
7.75
4.76
4.45
6.33
5.00
5.03
6.81
7.75
4.81
4.48
6.52
5.23
5.10
7.04
7.75
4.74
4.28
6.58
5.18
5.08
6.92
7.75
4.74
4.51
6.86
5.54
5.18
7.15
7.75
4.76
4.59
7.21
5.90
5.37
7.55
7.75
872.72 1,084.31 1,108.42 1,108.39 1,156.58 1,074.62 1,020.64 1,032.47 1,144.43 1,190.05 1,248.77 1,246.58 1,281.66 1,334.76 1,332.07 1,322.55
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)l
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.
136,297 137,673 137,369 137,498 137,407 137,481 138,081 138,116 138,193 138,547 139,347 139,271 138,816 139,091 139,019 139,408
77.0
60.5
51.6
129,558
76.7
76.8
76.8
60.4
60.4
60.4
53.0
52.4
52.8
131,463 131,330 131,253
76.5
76.8
60.4
60.2
52.6
52.3
131,176 131,264
76.7
76.7
76.7
76.7
77.0
77.1
76.8
76.8
76.8
76.5
60.4
60.7
60.8
60.6
60.8
60.6
60.4
60.4
61.0
60.9
52.1
53.1
51.9
52.1
53.2
52.9
52.4
53.5
51.1
52.4
131,818 131,858 132,113 132,526 133,396 133,144 133,033 133,069 133,224 133,432
64.1
64.2
64.1
64.1
64.0
63.9
63.9
64.1
64.0
63.8
126,159 128,085 127,979 127,890 127,753 127,772 128,348 128,300 128,765 129,304
122,690 125,826 125,478 125,689 125,808 126,170 126,361 126,567 126,841 127,186
24,962 25,347 25,379 25,381 25,240 25,344 25,333 25,306 25,298 25,354
97,727 100,480 100,099 100,308 100,568 100,826 101,028 101,261 101,543 101,832
41.7
41.7
41.7
41.7
41.7
41.8
41.7
41.6
41.8
42.0
64.5
130,097
127,378
25,315
102,063
41.6
64.4
129,817
127,730
25,329
102,401
41.6
64.3
129,752
127,813
25,285
102,528
41.5
64.2
129,685
128,134
25,288
102,846
41.6
64.2
129,929
128,129
25,196
102,933
41.7
64.3
130,078
128,397
25,184
103,213
41.7
4.8
4.6
4.6
4.6
4.6
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.3
4.6
4.7
6,739
6,210
6,039
6,245
6,231
6,217
6,263
6,258
6,080
6,021
5,950
6,127
5,783
6,022
5,795
5,975
4.9
1.5
15.8
4.5
1.2
14.5
4.4
1.1
14.7
4.5
1.2
14.1
4.5
1.2
14.3
4.5
1.2
13.7
4.5
1.2
14.3
4.5
1.2
14.1
4.4
1.2
14.4
4.3
1.1
14.1
4.3
1.1
13.4
4.4
1.1
13.8
4.2
1.0
13.5
4.3
1.0
13.1
4.2
1.1
13.4
4.3
1.2
14.5
104.9
108.9
114.3
107.2
111.1
119.1
106.6
111.1
118.5
107.3
111.5
119.7
108.5
111.4
120.9
109.4
111.6
122.1
D-42
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
Table D.1.—Domestic Perspectives—Continued
1998
1997
1999
1998
May
June
July
Aug.
Sept
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
Construction (monthly data seasonally adjusted at annual rates)4
Total new private construction put in
place (billions of dollars)
Residential
Nonresidential
475.1
265.9
167.6
520.1
294.3
181.9
510.9
288.0
178.3
525.3
291.9
185.2
525.2
297.3
182.2
523.7
297.3
182.5
524.3
299.8
181.6
528.7
302.1
184.8
534.7
306.3
186.6
541.6
310.3
190.0
543.5
315.8
185,8
548.7
318.5
189.0
555.4
323.1
189.3
549.0
322.3
184.7
546.8 550.0
322.8 322.0
182.5 183.7
Housing starts (thousands of units):
Total
1-unit structures '.
1,474
1,134
1,617
1.271
1,541
1,221
1,626
1,274
1.719
1,306
1,615
1,264
1,576
1,251
1,698
1,298
1,654
1,375
1,750
1,383
1,820
1,393
1,752
1,380
1,746
1,394
1,577
1,260
1,665 1,571
1.395 1,274
804
886
893
909
883
836
861
903
985
958
908
909
885
940
New 1-family houses sold
(thousands of units)
901
929
4
Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted)
Inventories:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
1,052.717 1,087.417 1,069.568 1,070,515 1,070,875 1,074,870 1,080,866 1,083,366 1,087,970 1,087,417 1,086,911 1,090,474 1,095,766 1,097,779 1.101,165
456.133 466,798 465,729 466,701 467,636 468,445 468,552 471,031 471,000 466,798 464,873 464,198 463,578 463,194 463,960
273,003 286,962 277.746 277,518 277,466 280,591 284,128 283,776 285,716 286,962 285,906 287,768 288,432 288,882 289,644
323,581 333,657 326.093 326.296 325,773 325,834 328,186 328.559 331,254 333,657 336,132 338,508 343,756 345,703 347,562
Sales:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
8,995,737
3,929.419
2,500,109
2,566,209
9,309,551
4,052.248
2.561,448
2,695,855
770.842
333.622
212.644
224,576
774,639
335,110
213,904
225,625
773,762
335,380
214,229
224,153
772,454
336,445
211,713
224,296
779,478
340,481
213,856
225,141
781.447
340,133
213,429
227,885
785,777
341,423
214,891
229,463
793,488
344,088
217,403
231,997
792,110
341,670
215,441
234,999
801,136
343,724
218,413
238,999
809,887
349,065
221,796
239,026
810,005
347,568
222,267
240,170
819,521
350,856
225,500
243,165
Industrial production indexes and capacity utilization rates (monthly data seasonally adjusted)2
Industrial production indexes,
1992-100:
Total
By industry:
Durable manufactures
Nondurable manufactures....
By market category:
Capacity utilization rates (percent):
Total industry
Manufacturing
126.8
131.3
131.9
130.6
130.5
132.4
131.9
132.4
132.2
132.3
132.3
132,5
133.3
133.7
134.0 134.2
147.1
111.3
157.5
111.9
157.2
113.0
154.8
112.0
154.4
112.1
159.8
111.3
159.6
110.6
161.2
110.9
161.0
111.6
161.5
111.7
161.4
111.3
161.7
111.9
163.1
111.7
164.2
111.8
165.2 165.9
111.6 111.3
114.1
115.2
116.8
115.1
114.0
116.1
114.8
115.2
114.8
114.9
115.2
115.3
115.3
115.6
115.6 115.6
82.9
82.0
81.8
80.8
82.6
81.6
81.5
80.2
81.1
79.8
82.0
80.7
81.3
80.1
81.3
80.3
80.8
80.1
80.7
80.0
80.3
79.5
80.2
79.5
80.5
79.5
80.5
79.6
Credit market borrowing (billions of dollars, quarterly data 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.c
Other loans and advances
Mortgages
Consumer credit
Sources:
1. Bureau of Labor Statistics.
2. Federal Reserve Board.
1.431.5
184.1
235.9
71.4
346.5
128.2
99.8
313.1
52.5
2,027.5
193.1
418.3
96.8
437.5
145.9
159.0
509.2
67.6
1,983.1
113.1
342.5
100.1
641.9
172.5
106.1
440.5
66.3
1,871.1
232.7
4251
83.6
221.6
192.3
153.4
480.7
81.7
2,349.1
83.0
708.5
87.0
364 6
135.9
266.3
639.7
64.1
3. Standard and Poor's, Inc.
4. Bureau of the Census,
n.e.c. Not elsewhere classified.
2,224.9
161 9
445 7
67.9
645.7
462
160.1
571.1
126.2
80.4
79.6
80.3
79.4
August 1999
National Data • D-43
SURVEY OF CURRENT BUSINESS
E. Charts.
Percent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1992) dollars
Apr Feb
30000
Dec Nov
Jan JlyJry Nov
Nov Mar
JlyMar
30000
Sr
''{
RE*§fl3R0SS
*§fl
DOMESTIC PRODUCT PER CA&fc
28000-
-28000
26000-
-26000
24000-
-24000
22000
-22000
20000
20000
-18000
18000-
16000-
14000 ~
REALGROSS DOMESTIC PRODUCT (PERCENTCHANGE)
- -5
-10
-10
59
61
63
'65
67
69
71
U.S. Department of Commerce, Bureau of Economic Analysis
73
75
77
79
fl1
83'
'85'
87
'91'
93'
'95
'97' '99
D-44 • National Data
August
SURVEY OF CURRENT BUSINESS
SELECTED NIPA SERIES
Jan JIvJIv Nov
Nov Mar
Jlv Mar
60
OF FEDERAL GOVERNMENT RECEI
Personal tax and nontax
- 50
- 40
30
- 30
20
20
10
- 10
Indirect business taxes
Percent
59'
'61'
'63'
'65'
'67'
71
Nov
Aw Feb
70
'73'
75'
'77'
'79
Mar
81'
JanJIyJIy
'83'
'85'
'871
'891
Nov
'91 '
'93'
'95'
' 97 1
'99
Jlv Mar
70
SHAffiG OF FEDERAL GOVERNMENT CURRBMEXPENDITURES
-60
60 -
50
Transfer payments
-40
-30
Grants to State and local governments
20
10
10 "
Net interest
Percent
59'
'61'
APT
Feb
'63'
'65'
'67'
'69'
'71
Qec New
'73
Nov
75
77
Mar
'79
81
JanJtvJrv
83
85'
87'
Nov
1
'91'
'93'
'95'
'97'
'99
Jlv Mar
6
RATBtGOVERNMENT SURPLUS/DEFICIT (NIR^IO GROSS DOMESTIC PRODUCT
-4
-2
-2 "
-4 "
-6 "
59
' 6 1 ' '63'
'65'
'67'
'69'
71'
U.S. Department of Commerce, Bureau of Economic Analysis
—6
'73'
75'
'77'
79'
81'
'83'
'85'
'87'
'91'
'93'
'95'
'97'
'99
National Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-45
SELECTED NIPA SERIES
Apr Feb
25
Dec Nov
Nov
Jan Jlyjly
Mar
Nw
J y Mar
25
RATICK SAVING TO GROSS NATIONAL PRODUCT^
-20
15
10
Percent
25
'67'
59'
'61
Apr Feb
'69'
71'
Dec N w
'73
Nov
75'
'77'
Mar
79'
'81'
JanJIyJIy
'83'
'85'
91'
'87'
'93'
'96'
'97'
'99
Mar
Nw
25
INVESTMENT TO GROSS NATIONAL PSgBUCT
V
Gross investment
20
20
-15
15Gross private domestic investment
10-
-10
w;
Gross government investment
~^~
5-
*—
- 5
Net foreign investment
-5
59'
60
'61
65'
'67'
'69'
71
Dec Nw
Apr fab
'73'
Nw
75'
'77'
79'
'81'
JanJIyJIy
Mar
'83'
'85'
'87'
'89'
Nw
'91'
'95 •.
97'
'99
Mar
60
S H A ^ OF GROSS PRIVATE DOMESTIC FIX^fUvESTMENT ~''
50-
- 50
Producers' durable equi
40-
- 40
Residential i
30-
- 30
- 20
- 10
59'
61"
63'
65'
'67
71'
U.S. Department of Commerce, Bureau o< Economic Analysis
73'
75'
77
79'
81' '83'
'85'
'87'
'«'
"91' ' « '
l
«8'
'97
D-46
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959
Wage and salary
accruals, 62.8%
1998
Wage and salary
accruals, 59.4%
Net interest, 2.5%
Net interest, 6.4%
Corporate profits
with IVA and CCAdj, 12.8%
Corporate profits
with IVA and CCAdj, 11.8%
Supplements to
Supplements to
wages and salaries, 5.2%
Rental income of persons
Proprietors' income
wth CCAdj, 2.3%
with IVA and CCAdj, 8.3%
Proprietors' income
with IVA and CCAdj, 12.5%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
1959
1998
Business, 86.1%
Business, 84.5%
General
government, 11.4%
General
government, 11.0%
Households and
institutions, 2.4%
Households and
institutions, 4.5%
SHARES OF GROSS DOMESTIC PURCHASES
1959
Personal
consumption
expenditures, 62.5%
Personal
consumption
expenditures, 67.0%
Government consumption
expenditures and gross
investment, 17.2%
Government consumption
expenditures and gross
investment, 22.0%
Nonresidential
investment, 10.0%
Residential investment, 5.5%
U.S. DqnHiiiaril of Commarce, Bureau of Economic Analysis
1998
Nonresidential
investment, 11.5%
Residential investment, 4.3%
National Data • D-47
SURVEY OF CURRENT BUSINESS
August 1999
SELECTED NIPA SERIES
Percent
60
Dec Nov
Apr Feb
Nov Mar
Jan JlyJIy Nov
JlyMar
60
CT
SHAtm OF GROSS DOMESTIC PRODUCT BYlSfPE OF PRODUCT.
Output of services
.
50-
-50
40-
40
-30
"20
61'
63
'65'
71
67
Feb
Dec Nov
73
75
77
Nov Mar
79
81
JanJIyJIy
83
85
87
91'
'93'
'95'
'97' '99
Nov
AS SHARE OF GROSS DOMESTIC
S AS SHARE OF GROSS DOMESTIC PURCHASES
59'
'61' '63' '65' '67
'69
7 1 ' '73' 75' '77' 79
81
'83' '85' '87
SHAHS OF PERSONAL CONSUMPTION
10
59'
'61'
'63
'65'
'67
'69
71
U.S. Department of Commerce, Bureau of Economic Analysis
10
'73
75'
'77
79'
81
83'
'85'
'87'
'89'
'91'
D-48
• National Data
August 1999
SURVEY OF CURRENT BUSINESS
SELECTED NIPA SERIES
Percent
tot R*>
Nov
JanJIyJIy Nov
Nov Mar
Jly Mar
20
MARGIN, DOMESTIC NONFINANCIAL OQRPORATIONS
-16
"12
Ratio of corporate profits per unit to cost and profit per unit
81'
RaHo
'«3'
'65'
'67
Apt Fafi
71 '
Dec Nov
'73'
75'
'77'
79'
'ei'
'83'
'85
87'
'89'
»}:','ST. '99
'91
Nov Mar
-4
-3
Nonfarm iwentories to
final sales of domestic business
'Based on current-dpllar
iurrenMjWar estimates of inventories and sales
1
^65'
'67'
Ratio
'69'
71'
Dec Nov
'73'
75'
Nov Mar
'77'
'79'
'81'
JanJIyJIy
'83'
'85'
'87'
JO
'91'
'93'
JtyMar
Nov
IN\(SBTORY/SALES RATIOS, REAL'
,1
Nonfarm inventories to
final sales of goods and structures
4-
-4
Inventories to
final sales of domestic business
Nonfarm inventories to
final saleB of domestic business
2-
'Based on chained (1992) dollar estimates of inventories and sales
«e'
U.S.Dspartm«rt
'67'
'«
7i'
Bureau of Economic Analysis
'73' '75' '77' '79' 'si' U
U
V
'J
'91' ' » ' . ' « ' . ' » r , '
-3
-2
SURVEY OF CURRENT BUSINESS
August JP99
National Data •
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Mar
18
JlyMar
JanJyJyNov
CONSUMER PRICE INfifeX (PERCENT CHANGE) ;
-2
74 76 78 80 82 84 86 88 90 92 94 96 98
Index
Mar
JlyMar
JanJtyJtyNov
INDUSTRIAL PR6DU^|)N
130 -
INDEX, 1992=100
: .4
I I I I I I I
74
Percent
95
76
78
80
8 2 8 4 8 6 8 8
9 0 9 2 9 4
9 6 9 8
Mar
Mar
M
I
I*
90-
120 85-
110 -
80-
100 90 -
\
80 /
70 /
en
I IIIIIIIIIIIIIIIIIIIIIII I
74 76 78 80 82 84 86 88 90 92 94 96 98
Hours
JanJIyJiyNw
JlyMar
43
74 76
78 80
82 84 86
74 76
78 80
82 84 86 88
90
I I I I I II
92 94 96 98
\ i m
i i i i
WERAGE W E E I ^ HOWS, MANUFACTURING ,
42 41 40
39 38 37
I I I I I I I I I I I I I I I I I I I I I I I I I
74 76
78 80
82 84 86 88
90 92 94
U.S. Department of Commerce, Bureau of Economic Analyst*
96 98
\\\
90 92 94
96
D-49
D-50
• National Data
SURVEY OF CURRENT BUSINESS
August 1999
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Mar
JanJIyJIyNov
UNEMPLOYMENT R J |
12
Percen
JlyMar
JanJIyJIyNov
JlyMar
10-
o ™7 i i i i r i T ' i i i i i i i i T i i i i i i i i
74
-10
74
76 7 8 8 0
8 2 8 4 8 6 8 8
9 0 9 2 9 4
9 6 9 8
. I I I I I I I I I I I I I I I I I I I I I I II
76 7 8 8 0
8 2 8 4 8 6 8 8
90 92 94 9 6 9 8
74 76
Ratio
Mar
5.0
I I I I I I I I I I I i I I I II II I I I
78 80
82 84 86 88
JanJIyJIyNov
90 92 94
96 98
JlyMar
. IIIIIII III II II II IIII II I I
74 76 78 80 82 84 86 88 90 92 94 96 98
Thousands
1200
1000-
0.5
74
I II I II II I I I I I I I I I I II I I I I
76
7880
8 2 8 4 8 6 8 8
9 0 9 2 9 4
U.S. Department of Commerce, Bureau of Economic Analysis
96 98
200 Li
74
I I I I I II I II II I I I II I I II I I I I
76 78 80 8 2 8 4 8 6 8 8
9 0 9 2 9 4
9 6 9 8
August 1999
International Data
SURVEY OF CURRENT BUSINESS
•
D-51
International Data
F. Transactions TablesTable F,i includes the most recent estimates of U.S. international trade in goods and services; the estimates were
released on July 20, 1999 and include "preliminary" estimates for May 1999 and "revised" estimates for April
1999. The sources for the other tables in this section are as noted.
Table F.1.—U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
1997
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
OtnGF QOOOS
• •••*•
•>••
Adjustments1
!....,
••<
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts
U.S. Government miscellaneous services
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr/
938,543
933,907
78,040
77,126
76,723
75,824
76,227
77,234
79,617
79,126
78,161
77,903
77,139
77,054
78,224
77,605
679,715
670,246
55,330
11,865
12,127
24,329
5,872
6,690
3,256
3,641
11,269
25,619
-1,608
3,992
11,832
25,470
6,186
6,530
3,181
-1,186
54,704
3,602
11,383
24,895
5,969
6,805
3,163
-1,113
3,559
11,430
24,900
5,845
6,517
3,113
-1,038
55,269
3,741
24,659
57,193
4,018
12,371
26,117
6,156
6,620
3,119
-1,208
54,326
23,995
5,995
55,472
3,316
12,021
25,480
6,115
6,687
2,798
55,263
3,811
12,437
24,090
6,334
6,554
2,763
54,624
3,668
56,005
46,397
148,266
299,612
73,157
79,261
35,444
-11,892
55,015
3,867
12,030
54,164
51,507
158,226
294,549
74,029
77,366
33,505
-9,468
54,853
3,788
12,464
54,629
3,712
11,654
24,852
6,045
6,455
3,020
-1,108
258,828
73,301
20,789
27,006
33,781
85,566
17,561
824
263,661
22,710
6,370
1,812
2,136
2,992
7,771
1,564
22,156
6,081
1,590
2,125
3,314
7,747
1,229
70
22,640
22,435
6,005
1,638
2,223
3,144
8,055
1,302
22,728
6,111
1,680
2,253
3,139
8,167
1,310
22,955
6,242
1,721
2,258
3,172
8,170
1,325
67
22,976
96,815
98,941
3,548
71,250
25,518
92,116
17,155
818
Apr.
3,718
3,866
12,483
6,717
24,942
5,073
6,706
-754
2,833
-905
2,832
-973
-1,320
-946
22,273
6,050
1,731
2,112
3,002
7,682
1,633
63
21,708
5,840
1,642
2,020
3,008
7,843
1,292
63
21,660
5,662
1,653
2,094
2,966
7,778
1,441
21,603
5,718
1,682
2,137
2,999
7,719
1,282
21,762
5,769
1,717
2,108
3,064
7,781
1,256
67
22,424
5,953
1,627
2,253
3,266
7,821
1,435
22,200
5,904
1,626
2,197
3,314
7,672
1,417
70
5,814
6,518
2,848
6,341
6,647
3,500
6,049
6,573
3,066
-353
5,966
1,622
2,138
3,171
7,914
1,760
91,257
92,027
90,566
30,513
92,086
92,409
93,975
93,789
92,402
94,172
95,682
96,001
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
876,366
39,694
213,767
253282
139,812
193,811
29,338
917,178
41,243
200,140
269,557
149,054
216,515
35,387
5,282
76,190
3,394
17,265
22,110
12,136
18,138
2,822
325
77,089
3,407
17,481
22,916
12,411
17,980
75,230
3,476
16,592
22,294
11,030
18,321
3,155
361
76,914
3,418
16,876
22,321
12,291
18,102
3,207
77,084
3,420
16,508
22,431
12,752
18,295
3,130
549
78,183
3,432
16,549
22,948
13,045
18,402
3,217
592
78,464
77,064
80,006
3,445
16,241
23,132
13,377
18,470
3,278
522
3,515
15,289
22,466
13,887
18,362
3,278
267
78,612
3,528
15,537
23,082
13,989
18,911
3,393
171
79,876
3,516
15,388
23,645
14,306
19,447
2,603
291
75,419
3,529
16,687
22,266
11,792
18,134
2,652
358
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services
166,907
52,051
18,138
28,959
9,390
43,909
11,698
2,762
181,011
56,105
19,797
30,457
11,292
47,670
12,841
2,849
15,067
4,779
1,680
2,531
893
3,954
1,012
218
14,938
4,643
1,631
2,522
894
4,010
1,017
221
15,147
4,746
1,647
2,537
907
4,050
1,032
228
15,283
4,696
1,730
2,564
926
4,046
1,072
15,172
4,640
1,669
2,598
889
4,026
1,093
257
15,325
4,734
1,686
2,538
906
4,091
1,111
259
15,792
15,325
4,602
1,695
2,588
974
4,082
1,135
249
15,338
4,697
1,659
2,501
999
4,086
1,151
245
15,560
4,823
1,696
2,498
1,034
4,097
1,175
237
-196,652
91,921
-104,731
-246,932
-164,282
-20,860
7,643
-13,217
-22,236
7,335
-14,901
Imports of goods and services
Memoranda:
Balance on goods
Balance on services
Balance on goods and services
1,043,273 1,098,189
82,650
6,737
2,919
-994
6,168
1,716
2,263
3,203
8,156
1,404
3,364
213
3,384
16,037
23,038
14,611
18,925
3,784
226
23,279
13,706
19,351
3,483
271
3,633
17,779
24,198
14,522
18,983
3,518
207
15,806
4,855
1,730
2,616
1,053
4,133
1,185
234
15,995
4,950
1,760
2,650
1,064
4,148
1,190
233
16,212
5,043
1,775
2,681
1,068
4,181
1,223
241
16,102
4,923
1,732
2,683
1,067
4,219
1,237
241
-50,404 -21,066 -22,291 -21,611 -20,990 -21,539 -21,059 -23,350 -25,173 -25,681 -25,334 -28,209
6,377
6,561
6,431
6,437
6,632
6,875
6,818
7,080
6,629
6,733
6,743
6,874
-13,843 -14,689 -15,860 -15,174 -14,358 -14,664 -14,241 -16,270 -18,544 -18,948 -18,591 -21,335
p Preliminary.
r
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
249
4,832
1,771
2,760
950
4,108
1,120
251
11,606
25,085
6,174
May
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.
D-52
• International Data
SURVEY OF CURRENT BUSINESS
August 1999
Table F.2.—U.S. International Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1997-
(Credits +; debits - ) '
1998
1999
Current account
1,197,206
1,192,231
938,543
933,907
Goods, balance of payments basis 2
679,715
670,246
Services 3
Transfers under U.S. military agency sales contracts 4 .
258,828
17,561
263,661
17,155
73,301
20,789
27,006
71,250
19,996
25,518
33,781
36,808
92,116
818
Exports of Qoods and services and income receipts
Exports of goods and services
Travel .
Other transportation
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services .
85,566
824
258,663
256,861
115,795
137,507
3,559
258,324
256,467
102,846
1,802
1,857
-1,298,705
-1,368,718
-1,043,273
-876,366
-166,907
-917,178
Travel
Passenger fares
Other transportation
-52,051
-18,138
-28,959
-56,105
-19,797
-30,457
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services .
-8.390
-43,909
-2,762
-11,292
-47,670
-2,849
-255,432
-248,676
-46,575
-114,051
-270,529
-263,423
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Exports of goods and services and income payments ....
Imports of QOOGS srio SOFVICGS
•
Goods, balance of payments basis 2
3
Services
Direct defense expenditures
Income payments
Income payments on foreign-owned assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers ,
Private remittances and other transfers 6
150,001
3,620
-181,011
-12,841
-68,050
-6,756
-43,441
-128,863
-91,119
-7,106
-41,966
-12,386
-4,239
-25,341
^4,075
-13,057
-4,350
-26,668
288,254 303,581
298,463
226,261
241,003 229,309 231,889
168,021
157,386
174,468 163,344
165,198
64,884
68,875
65,965
66,535
4,372
4,489
3,979
4,081
4,489
20,354
18,119
17,125
15,758
18,260
5,733
5,000
4,682
4,596
5,185
6,367
6,261
6,689
6,473
6,268
8,866
10,571
9,002
8,716
9,231
22,108
23,377
25,330
23,296
23,178
191
199
205
191
209
66,574
66,736
61,993
62,578
64,579
61,528
64,109
66,111
66,273
62,113
22,779
26,744
27,095
25,168
27,329
37,744
38,412
36,019
35,814
38,412
1,005
966
766
926
955
465
463
470
463
465
-341,493 -351,539 -351,384 -343,266 -340,977
-273,914 -282,050 -283,536 -275,023 -273,850
-227,633 -232,395 -239,118 -230,903
-46,281
-49,655 -44,418 -44,120 -45,152
-3,061
-3,276
-3,406
-3,550
^3,061
-15,193 -17,234 -12,016 -12,356 -14,168
-5,325
-5,722
-4,518
-4,756
-4,958
-7,957
-7,533
-7,591
-7,820
-7,590
-2,587
-2,694
-3,081
-3,138
-2,685
-11,915 -12,153 -12,695 -12,025 -12,014
-704
-667
-667
-765
-745
-67,579
-67,848 -68,243 -67,127
-65,907 -66,510 -65,376
-67,631
-11,540 -10,800 -11,955 -10,567
-31,849
-31,849 -33,314 -32,408 -31,891
-22,960 -22,777 -22,699 -22,664 -22,960
-1,751
-1,681
-1,941
-1,733
-1,858
-9,494 -10,607 -13,831
-10,193
-2,168
-2,807
-2,135
-5,742
-2,168
-892
-919
-1,541
-1,095
-865
-7,166
-6,407
-6,548
-6,623
-6,935
299,641
232,905
291,493
229,284
164,259
65,025
3,979
299,985
296,227
236,904
232,095
170,124
164,292
66,780
4,081
67,803
4,372
17,149
5,052
6,339
17,938
4,843
6,575
18,082
4,940
6,614
9,029
9,894
23,240
209
24,136
205
23,278
199
9,454
62,209
61,744
23,124
37,744
876
465
63,081
62,617
64,132
63,662
25,639
26,961
35,814
887
-344,182
-348,180
36,019
959
464
470
-354,712
-275,008
-280,166
-285,856
-229,228
-45,780
-3,276
-233,711
-46,455
-3,406
-238,495
-47,361
-3,550
-14,070
-5,085
-7,700
-14,131
-5,125
-7,849
-14,628
-5,186
-7,764
-2,721
-765
-2,923
-12,276
-745
-3,151
-12,378
-704
-69,174
-67,381
-11,290
-33,314
-22,777
-1,793
-68,014
-66,188
-11,081
-32,408
-22,699
-1,826
-68,856
-66,992
-12,437
-31,891
-22,664
-1,864
-10,787
-2,807
-1,106
-6,874
-13,474
-5,742
-1,071
-6,661
-10,098
-2,135
-1,104
-6,859
170
-12,163
Capital and financial account
Capital account
617
160
148
166
170
160
148
166
-465,296
-292,818
-120,517
-1,945
-62,097
-60,607
9,227
-2,026
-2,369
4,068
-227
-1,924
563
3
3,502
Capital account transactions, net
Financial account
-1,010
-6,784
-121,852
-1,945
-63,492
-2,026
-44,586
-2,369
6,168
U.S. official reserve assets, net
Gold 7
Special drawing rights
,
Reserve position in the International Monetary Fund
Foreign currencies
-350
-3,575
2,915
-149
-5,118
-1,517
72
-1,031
-986
-2,078
-136
-227
-1,924
-218
563
3
3,502
72
-1,031
-986
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
68
-5,417
5,438
47
-429
-4,676
4,102
145
-483
-1,156
699
-26
185
-1,285
1,332
138
-50
-1,043
938
55
147
-1,336
1,574
-91
-483
-1,156
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
-464,354
-109,955
-89,174
-120,403
-144,822
-285,605
-132,829
-102,817
-25,041
-24,918
-119,424
-44,507
-32,886
-14,327
-27,704
-61,651
-22,981
14,994
-20,320
-33,344
-42,167
-24,752
Foreign-owned assets in the United States, net (increase/financial lnfk>w(+))
751,661
502,637
163,275
94,776
18,119
-2,161
-6,690
4,529
-1,798
22,286
-208
-21,684
-3,625
-9,957
6,332
-3,113
-11,469
-3,477
-10,551
-46,489
-30,905
-32,811
1,906
-224
-12,866
733,542
109,264
146,433
196,258
24,782
107,779
149,026
524,321
193,375
46,155
218,026
16,622
9,412
40,731
173,826
21,755
25,759
71,785
2,349
18,040
34,138
141,265
26,135
-1,438
20,103
7,277
11,875
77,313
118,593
24,391
49,328
6,250
-53,210
-21,811
18,893
-11,434
59,507
2,440
11,205
-14,545
-143,192
10,126
9,763
42,460
-41,839
-21,401
U.S.-owned assets abroad, net (increase/financial outflow (-))....
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
67
70
70a
71
72
73
74
75
76
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns ....
U.S. liabilities reported by U.S. banks, not included elsewhere
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73,74, and 75) 1 3
-196,651
91,921
.-.
-41,966
-143,465
-220,562
r
Revised.
p Preliminary.
1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to theUnited States;
capital account transactions receipts; financial inflows-increase in foreign-owned assets (U.S. liabilities) or decrease
in U.S.-owned assets (U.S. claims).
Debits, - : Imports of goods and services and income payments; unilateral current transfers to foreigners; capital
account transactions payments; financial outflows-decrease in foreign-owned assets (U.S. liabilities) or increase in
U.S.-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims).
-246,932
82,650
-164,282
-12,205
-44,075
-104,730
3,231
-20,064
-20,318
254
-807
9,488
832
-59,612
18,603
-41,009
-843
-9,494
-51,346
-2,494
-2,078
-136
699
-26
185
-1,285
1,332
138
37,192
-41,356
8,488
-405
35,226
-118,089
-43,172
-32,886
-14,327
-27,704
147,893
74,634
24,352
33,398
31,836
1,562
-1,054
-7,133
-859
8,568
9,409
3,416
5,993
-1,605
-70,809
16,202
1,953
-64,650
22,117
-42,533
-5,270
-13,831
-73,892
-61,634
-1,336
1,574
-91
-60,256
-21,586
14,994
-20,320
-33,344
-48,188
-30,773
-70,809
37,192
5,012
-38,297
8,488
-405
35,226
162,466
93,547
149,805
74,870
8,568
9,409
3,416
5,993
-1,605
16,202
-10,551
-46,489
-30,905
-20,318
254
-807
9,488
832
-32,811
1,906
-224
-12,866
-2,494
24,352
33,398
31,836
1,562
-1,054
-7,133
-859
173,017
20,946
25,759
71,785
2,349
18,040
34,138
140,036
24,906
-1,438
20,103
7,277
11,875
77,313
125,453
120,505
24,391
49,328
6,250
-53,210
-21,811
10,291
528
31,878
-10,582
-37,695
-63,500
21,539
-41,961
-553
-64,969
19,245
-45,724
-6,965
-63,587
20,325
-45,714
-3,664
-10,193
-59,571
-62,400
-67,559
21,845
147
-1,043
938
55
-20,064
123,541
-75,009
19,220
-55,789
-7,496
-10,607
-218
-60
4,144
-10,787
-43,262
-4,933
-13,474
-63,476
-61,669
66,302
19,129
-11,434
59,507
2,440
11,205
-14,545
-15,684
5,717
-74,203
20,442
-63,761
-4,724
-10,098
-68,583
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 1999" in the July 1999 SURVEY.
3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship
operators in lines 8 and 25.
4. Includes transfers of goods and services under U.S. military grant programs.
International Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-53
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
Western Europe
Line
(Credits+; d e b i t s - )
European Union (6) 1:
United Kingdom
European Union •'
1
1998
Current account
Exports of goods and services and Income receipts .
Exports of goods and services
Services3
Transfers under U.S. military agency sales contracts 4
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Imports of goods and services and income payments
89,819
94,935
94,198
80,915
62,578
37,191
25,387
1,159
6,702
1,958
1,945
4,547
9,041
35
66,358
64,752
41,089
41,287
25,269
23,465
1,186
56,853
34,161
22,692
691
6,139
1,890
1,651
4,300
7,992
29
27,241
27,204
10,997
15,924
283
37
28,577
28,542
13,104
15,209
-103,147
1,313
5,653
1,651
1,966
5,552
229
35
292
37
239
34
-102,986
-94,238
-32,531
-6,837
-100,228
-66,119
-48,566
-17,553
-1,840
-5,540
-2,103
-2,657
-2,022
-5,118
-273
-34,109
-34,022
-8,573
-15,928
-9,766
-85
-9,751
-47
-9,148
-58
16
-147
-334
497
169
-5
-314
-70,370
-48,533
-52,311
Services 3
Direct defense expenditures
-21,317
-1,729
-18,059
-1,819
-6,345
-3,111
-2,908
-3,431
-2,042
-2,919
-1,727
-5,207
-1,982
-5,580
-286
Other transportation
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
-290
Income payments
Income payments on foreign-owned assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
-33,297
-33,228
-€,786
-16,559
-9,883
-69
-91
-143
-346
398
9,344
35
29,446
29,409
13,821
15,296
-69,850
Travel
4,760
24,062
24,028
9,318
14,471
Goods, balance of payments basis 2
Imports of Goods dnd sorvic&s
4,791
1,470
1,879
-32,616
-95
-114
-367
386
85,569
25,258
26,094
26,586
42,812
45,575
59,193
16,331
16,208
16,438
31,327
33,500
44,970
32,532
36,961
22,695
38,499
20,694
9,302
8,741
19,831
22,443
22,381
7,467
102
11,496
224
11,057
403
10,151
601
7,029
98
9,809
6,629
916
5,180
4,404
1,415
1,584
2,079
588
422
1,964
587
427
1,602
489
406
3,076
1,033
805
2,317
814
791
2,031
728
746
5,267
8,031
34
4,515
8,145
30
830
3,002
1,275
3,104
8
2,555
3,789
14
2,931
3,782
19
2,628
3,832
10
941
3,060
9
25,758
25,726
11,607
13,908
211
32
26,376
26,342
12,065
8,927
8,910
1,998
6,912
9,886
9,871
3,402
10,148
10,131
3,638
6,493
11,485
11,470
12,075
12,060
6,458
5,432
170
15
12,438
12,423
-47,866
-46,630
85,414
-93,187
-63,252
-47,386
-15,866
-1,627
-3,078
-1,838
-2,325
-1,757
-4,992
-249
-29,935
-29,867
-6,093
-14,662
-62,773
-44,029
-18,744
-1,463
-5,637
-2,811
-2,353
-1,496
-4,736
-248
-31,465
-31,407
-7,017
-15,242
14,028
249
122
6
34
17
-91,455
-32,941
^
15
-32,036
5,944
17
5,371
155
15
-31,997
-47,102
172
14
6,692
5,567
164
15
-60,175
-15,007
-14,786
-14,350
-36,535
-38,117
-35,841
-44,717
-15,458
-1,590
-3,235
-1.904
-2,150
-1,788
-4,558
-233
-8,579
-9,024
-5,762
-8,823
-27,377
-30,237
-28,096
-5,527
-150
-9,158
-1,157
-7,880
-1,370
-1,340
-1,091
-834
-570
-2,794
-1,478
-783
-1,153
-494
-2,377
-22
-749
-632
-660
-2,443
-23
-581
-2,278
-23
-827
-1,867
-31,280
-31,210
-7,794
-14,318
-17,250
-17,229
-1,703
-10,351
-5,175
-21
-17,647
-17,626
-2,512
-9,947
-6,167
-21
-10,567
-10,533
-4,016
-70
-17,934
-17,915
-2,023
-10,728
-6,164
-19
176
308
335
56
136
^286
462
-300
-46
381
-48
398
-48
446
-187
247
-158
214
-173
309
34
35
24,226
-6,788
-3
-17,257
-6,675
*3
-6,428
-210
-157
-1,098
-1,535
-1,158
-632
-1,159
-1,164
-190
-3,759
-2,758
-34
60
-905
-2,000
-191
-9,749
-9,709
-3,423
-3,519
-2,767
-40
-7,745
-1,047
-1,004
-1,804
-178
-10,789
-10,747
-4,284
-3,700
-2,763
-42
Capital and financial account
Capital account
Capital account transactions, net
P
37
33
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))
U.S. official reserve assets, net
Gold 7
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
-53,421
10,078
-55,148
-2,386
5,502
5,156
-2,
5,
5,156
R
U.S. Government assets, other than official reserve assets, net
U.S. credits and other lona-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
205
-50
236
19
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
-51,240
-12,914
-68,487
5,15
172
-90
264
-2
4,404
150
-28
165
13
-60,454
-11,233
-66,779
-6,563
-3,634
-1,533
-6,795
-4,108
3,276
-14,013
6,014
17,540
18
-13,067
11,671
-2,696
-3,267
106,033
81,332
-18,419
21,521
18,408
11,753
-22,429
-3,147
-22,149
-6,675
-10,105
3,127
Foreign-owned assets in the United States, net (increase/financial
92,316
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
..
Other U.S. Government liabilities 11
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. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
70
Statistical discrepancy (sum of above items with sign reversed)
Memoranda^
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 1 3
7,820
28,407
35,403
40,191
-27
14,823
84,496
116,144
,144
19,671
n
40,,315
3,891
n
R
(18)
53,923
15,990
12,6
13,658
-42,850
( 17 )
17,734
36,882
-83,067
18
-30,787
-53,561
-11,342
4,070
-7,272
-11,222
7,210
-4,012
-7,279
5,912
-1,367
-6,056
-91
-4,039
-95
-13,419
-8,146
-4,663
16
-6,014
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. At the present time, all U.S. Treasury-owned gold is held in the United States.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible
60,358
53,730
-4,464
l8
-41,958
-31,104
-18,621
-10,425
3,948
6,829
-5,920
-7,403
-3,596
169
-13,154
-4,177
176
-7,597
I8
-4,800
-59,002
-6,218
5,236
-982
-4,904
308
-5,578
12,676
34,541
-46,454
18
723
601
1,324
-9,007
335
-7,348
-39,870
8
-32,392
20,435
l8
-10,061
-38,321
-283
1,705
1,422
1,102
2,088
-7,364
350
-6,592
-7,499
398
-6,013
5,406
-3,383
-24,401
-1,926
18
7,962
-36,242
-7,546
-7,794
3,177
-5,715
2,406
-4,617
2,326
56
-2,235
-3,309
18
2,338
-5,208
918
60
-4,230
18
15,268
-32,009
1,649
136
-1,524
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 1999" in the July 1999 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.
D-54
• International Data
SURVEY OF CURRENT BUSINESS
August 1999
Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Eastern Europe
Line
Canada
Japan
Latin America and Other Western
Hemisphere
1998
{Credits +; debits - ) *
1999
1998
1999
Current account
2,971
2,572
2,631
44,979
49,765
50,056
62,478
63,178
58,375
23,888
23,260
25,240
2,655
2,387
2,175
40,575
45,245
47,030
48,933
43,548
22,296
21,355
22,861
Goods, balance of payments basis2
1,655
1,412
1,213
35,892
44,938
40,437
40,070
34,410
36,363
32,125
14,042
13,690
14,432
Services 3 .....
Transfers under U.S. military agency sales contracts4 .
1,000
88
975
107
962
72
4,683
18
4,501
14
5,175
29
12,620
87
12,570
210
11,423
160
8,254
145
7,665
66
8,429
494
362
38
64
324
38
65
258
40
66
1,297
343
563
1219
319
585
1,668
414
591
5,447
1,598
5,107
4,295
2,776
860
1,371
933
1,247
Other transportation ....
1,050
726
2,107
802
775
2,360
915
760
73
369
6
74
355
12
75
439
12
406
2,031
25
451
1,892
21
417
2,035
790
4,117
42
1,729
2,110
21
604
3,994
30
1,433
Other private services5
U.S. Government miscellaneous services .
14
2,173
13
1,552
2,335
13
316
314
-252
185
183
-304
456
454
-60
456
4,811
4,791
2,015
2,776
15,448
15,413
3,711
11,599
31
488
46
4,827
4,806
2,026
2,780
14,245
14,212
3,213
493
73
2
4,404
4,385
1,553
2,832
2,379
2,376
990
1,379
7
2
19
21
20
110
33
1,905
1,902
580
1,265
57
2
103
35
1,592
1,589
303
1,276
10
-4,267
-3,730
-3,280
-49,207
-51,230
-53,137
-59,391
-3,807
-3,323
-2,869
-46,737
-44,836
-2,744
-41,779
-47,684
-579
-42
-2,402
-467
-45
-49,456
-46,000
-50,673
-2,874
-933
-51
-4,958
-16
-3,456
-22
-2,989
-18
-36,492
-3,344
-98
Travel
Passenger fares
Other transportation
-518
-149
-46
-214
-78
-45
-149
-58
-41
-2,457
-200
-710
-987
-121
-724
-863
-115
-724
-4,157
-746
-590
-4,045
-713
-615
-1
-152
-16
-2
-155
-43
-1
Other private services5
U.S. Government miscellaneous services
-155
-18
-116
-1,403
-56
-112
-1,443
-47
-120
-1,099
-50
-56
-2,559
-138
-66
-2,573
-126
-460
-446
-4
-156
-286
-14
-407
-388
-2
-19
-1,774
-1,693
-344
-1,161
-188
-81
-2,464
-2,385
-1,020
-1,177
-188
-19
-2,470
-2,399
-1,106
-1,092
-201
-71
-14,555
-12,948
^35
-9,553
-2,960
-1,607
-1,007
-656
-10
-341
-769
-392
-10
-367
-739
-163
-140
-173
-317
-9
-413
-120
-43
-118
-22
-125
-48
-3,218
-284
-175
-2,759
Exports of goods and services and income receipts
Exports of goods and services
Travel
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Imports of goods and services and income payments
Imports of goods and services
Goods, balance of payments basis2
3
Services
Direct defense expenditures
Income payments
Income paymer
.
w
investment payments
Other private payments
U.S. Government payments
Compensation of employees
in the United States .
Unilateral current transfers, net
U.S. Government grants4
U.S. Government pensions and other transfers
Private remittances and other transfers6
-411
-392
-2
-97
-293
-92
-294
-79
-59,348
-46,027
-37,796
-8,231
-93
831
627
4,227
36
14,827
14,790
4,404
10,278
108
37
3
3
3
-58,620
-42,488
-45,176
-43,529
-45,812
-33,540
-35,680
-35,123
-37,327
-8,485
-105
-29,837
-31,734
-3,946
-303
-31,098
-4,025
-325
-3,703
-339
-639
-664
-213
-1,067
-219
-1,116
-778
-204
-1,073
-2,729
-122
-543
-865
-37
-656
-961
-27
-664
-949
-32
-13,321
-11,733
-88
-8,982
-2,663
-1,588
-12,808
-11,430
-269
-8,502
-2,659
-1,378
-8,948
-8,935
-1,684
-2,347
-4,904
-13
-9,496
-9,474
-1,654
-2,909
-4,911
-22
-8,406
-3,011
-4,904
-23
-3,367
-474
-201
-2,692
-3,325
-482
-148
-32
-181
-25
-34
-25
-7
-22
-159
-3,965
-856
-2,795
-6,383
-468
Capital and financial account
Capital account
Capital account transactions, net
62
16
Financial account
-9,449
U.S.-owned assets abroad, net (increase/financial outflow (-))
-7,579
-2,000
U.S. official reserve assets, net
:
Gold7
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
-2,066
11
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
8
-5,590
-9,449
-2,204
3,750
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
4,328
-15,323
-988
-10,476
-6,596
-2,073
4,543
27,855
Foreign-owned assets in the United States, net (increase/financial
2,920
1,336
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other10
Other U S. Government liabilities'»
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets12
,
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S.
noriDcinkinQ concGrns
*
•<
U.S. liabilities reported by U.S. banks, not included elsewhere
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and
75) 1 3
R
12,973
10,142
n
-22,674
54,357
-18,359
-3,918
-1,080
n
-1,655
-1,144
574
10
l8
-2,317
18
-225
1,420
18
-1,636
2,852
1,325
(17)
-1,906
(17)
l8
10,646
-21,750
-6,684
8
-17,810
4,500
-9,098
-10,027
18
18
-2,478
26,886
2,815
1,626
45
4,078
11,642
-10,481
34,482
2,007
-1,219
67
-1,152
-144
-1,007
-1,332
396
-936
-222
-769
-1,189
-5,563
1,045
-4,518
3,053
-140
-7,614
2,186
-5,428
2,347
-173
-2,082
4,276
2,194
893
-3,218
-1,433
4,339
2,906
924
-3,367
-5,202
2,938
-2,264
2,019
-3,325
-15,795
4,551
-11,244
-739
-5,887
-275
-6,162
1,934
-163
-2,303
-1,927
-1,388
-4,391
-1,605
^,254
-131
463
-3,570
495
-694
45
13. Conceptually, line 76 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
9,746
-3,227
-782
1,389
44,310
-38,567
l8
l8
-15,098
44,402
-7,356
-59
-18,044
3,719
-14,325
-7,591
-32
4,404
-12,262
-6,027
-18,659
-21,948
-18,470
-181
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 on page D-74 of this
issue. 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.
SURVEY OF CURRENT BUSINESS
August 1999
International Data •
D-55
Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Line
(Credits +; debits - ) >
Current account
Exports of goods and services and income receipts
5,350
5,213
51,380
56,876
50,974
7,389
7,782
7,516
4,174
4,173
3,729
45,818
51.643
45,791
1,135
1,216
1,208
Goods, balance of payments basis 2
2,918
2,902
2,543
31,278
38,575
31,674
Services3
Transfers under U.S. military agency sales contracts4 ....
Travel
1,256
43
1,271
44
1,186
52
14,540
2,439
13,068
2,327
14,117
2,379
1,135
1,216
1,208
Other transportation
404
153
83
408
123
86
342
122
83
3,366
593
1,985
2,307
378
2,143
2,044
388
2,128
141
136
135
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
190
382
1
205
402
3
1,135
1,205
4,629
79
1,123
5,968
87
478
516
565
515
574
1,176
1,174
467
707
1,040
1,038
353
685
178
408
1
1,169
1,167
444
723
5,562
5,546
2,643
2,578
325
16
5,233
5,217
2,510
2,435
272
16
5,183
5,166
2,391
2,478
297
17
6,254
5,903
3,357
2,335
211
351
6,566
6,213
3,686
2,300
227
353
6,308
5,956
3,344
2,396
216
352
-2,561
-2,563
-2,344
-87,791
-83,204
-79,339
-2,687
-3,147
-2,789
-2,151
-2,154
-1,887
-80,534
-75,971
-71,950
-595
-555
-590
-1,315
-1,360
-1,093
-71,565
-67,173
-836
-7
-794
-9
-794
-13
-555
-590
Other transportation
-586
-143
-53
-283
-175
-55
-296
-169
-51
-2,732
-1,160
-2,109
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services ,
-6
-224
-17
-8
-245
-12
-67
-1,655
-510
-8,798
-1,118
-2,392
-1,170
-2,159
-75
-1,679
-205
-595
-1,036
-62,733
-9,217
-1,204
-457
-455
-184
-146
-125
-2
-7,257
-7,175
-85
-5,611
-4,479
-82
-30
-3,707
-1,526
-98
-2,083
Exports of goods and services
Income receipts
Income receipts on U.S.-owned assets abroad .
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
imports of goods and services and income payments .
Imports of goods and services
Services3
Direct defense expenditures .
Travel
Income payments
Income payments on foreign-owned assets in the United States ..."
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants4
U.S. Government pensions and other transfers
Private remittances and other transfers6
39
International organizations and
unallocated16
Other countries in Asia and Africa
Australia
Capital and financial account
Capital account
Capital account transactions, net
Financial account
U.S.-owned assets abroad, net (increase/financial outflow ( - ) ) .
2
-410
-408
-187
-160
-61
-2
-553
-11
-409
-407
-132
-149
-126
-2
-38
-29
-9
-29
-10
-19
-5,765
-1,251
-2,095
-537
-324
-311
-71
-1,634
-197
-169
-88
-1
-180
-51
-183
-7,233
-7,089
60
-2,399
-4,750
-144
-7,389
-7,244
-88
-2,413
-4,743
-145
-2,092
-2,092
-1,253
-536
-3
-2,592
-2,592
-1,803
-788
-1
-2,199
-2,199
-1,351
-847
-1
-€,629
-4,539
-124
-1,966
-3,412
-1,064
-121
-2,227
-2,324
-198
-82
-5,044
-2,770
-223
-686
-1,861
-2,340
-525
-124
-1,991
-7,221
-4,936
-5,622
-1,890
-2,151
566
-2,078
-1,924
A
1
-1,839
28
1,095
-1,518
1,532
-4,620
-5,653
U.S. official reserve assets, net
Gold 7
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
-1,839
-601
-401
-513
-324
Foreign-owned assets in the United States, net (increase/financial inflow (+))
-3,406
-1,518
-2,113
-82
A
2,032
901
-16,054
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
Other foreign assets in the United States, net
Direct investment
,
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
-267
-267
-5,040
-2,741
76
-45
-2,330
-2,518
-3,486
-694
45
1,617
-5,921
-5,183
49
-1,705
-1,082
8,033
5,537
12,140
n
n
-705
(18)
8,033
1,123
43
97
l8
-3,035
420
2,023
766
-38
2,751
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
includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small trans-
n
-267
-267
2
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 13
15,376
17,089
n
n
-591
-291
(18)
5,535
1,161
(18)
12,140
1,197
43
649
-1,665
l8
-6,901
12,019
7,277
49
-261
-5,749
-1,900
54,623
20,455
19,026
-3,190
-2,466
2,440
6,705
18
1,946
-8,905
1,542
477
2,019
631
-29
2,621
1,450
392
1,842
712
-39
2,515
-40,287
5,571
-34,716
-1,695
-3,707
-40,118
-28,598
4,270
-24,328
-5,000
-6,629
-52,957
-31,059
4,900
-56,159
-2,206
-3,412
-31,777
540
540
4,162
-2,324
2,378
3,974
-2,770
1,865
618
618
4,109
-5,340
2,387
-64
is 7 7 2
18
-2,907
18
18,210
18
6.25G
37
18
-1,888
actions 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 56 and 63.
18. Details not shown separately are included in line 69.
NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, First Quarter
1999" in the July 1999 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from
the balance of payments accounts.
D-56
• International Data
SURVEY OF CURRENT BUSINESS
August 1999
Table FA—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
Line
1999
240,443
245,688
61,144
60,341
62,011
60,847
62,490
63,226
Travel (table F.2, line 6)
Passenger fares (table F.2, line 7)
Other transportation (table F.2, line 8)
Freight
73,301
20,789
27,006
11,789
15,217
71,250
19,996
25,518
11,178
14,340
18,107
5,259
6,855
3,052
3,802
17,903
4,916
6,338
2,872
3,465
18,260
5,185
6,268
2,769
3,498
17,149
5,052
6,339
2,684
3,654
17,938
4,843
6,575
2,852
3,722
18,082
4,940
6,614
2,845
3,769
Royalties and license fees (table F.2, line 9)
Affiliated
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated
Industrial processes l
Other 2 ..!..
33,781
25,024
23,221
1,803
8,757
3,552
5,205
36,808
26,761
24,712
8,488
6,188
5,708
480
2,300
926
1,374
8,882
6,504
5,963
541
2,378
973
1,405
9,002
6,542
6,066
476
2,460
1,018
1,442
9,029
6,491
6,091
400
2,538
1,053
1,485
7,223
6,591
632
2,671
1,094
1,578
9,454
6,757
6,114
643
2,697
1,093
1,604
Other private services (table F.2, line 10)
Affiliated services
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated services
Education
Financial services
lnsurance.net
Premiums received
Losses paid
Telecommunications
Business, professional, and technical services
Other unaffiliated services 3
85,566
27,272
17,271
10,001
58,294
8,343
11,539
2,485
6,133
3,648
3,949
22,467
9,511
92,116
28,321
18,212
10,109
63,795
8,964
13,698
2,842
6,985
4,143
3,689
24,338
10,264
22,435
7,012
4,574
2,438
15,423
2,194
3,301
644
1,594
22,302
6,987
23,296
7,114
4,631
2,483
16,182
2,251
3,778
23,278
7,184
4,411
2,773
950
1,032
974
955
5,790
2,463
5,858
2,527
152,447
165,321
39,151
52,051
18,138
28,959
17,654
11,305
56,105
19,797
30,457
19,412
11,048
13,155
4,523
7,400
4,457
2,943
9,390
6,967
989
5,978
2,423
1,418
1,006
11,292
8,374
1,169
7,205
2,918
1,546
1,372
43,909
17,728
8,927
8,801
26,181
1,395
3,563
6,002
15,233
9,231
8,351
6,358
511
-196.651
Exports of private services
Port services
Imports of private services
Travel (table F.2, line 23)
Passenger fares (table F.2, line 24)
Other transportation (table F.2, line 25)
Freight
Port services
Royalties and license fees (table F.2, line 26)
Affiliated
!
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated
Industrial processes !
Other 2
Other private services (table F.2, line 27)
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 services 3
Memoranda:
Balance on goods (table F.2, line 71)
Balance on private services (line 1 minus line 27)
Balance on goods and private services (lines 53 and 54) ,
87,996
-108,655
p Preliminary.
r
Revised.
1. Patented techniques,
q , processes, and formulas and other intangible property rights that are
used in goods production.
2.
2 Copyrights,
Copyrights trademarks,
trademarks franchises, rights to broadcast live events, and other intangible propT
1997
1997
&
unaffiliated services receipts (exports) include mainly expenditures of forefen govern-
2,049
10,047
4,138
4,608
2,379
15,315
2,160
3,132
683
696
1,657
1,722
1,026
16,094
2,310
3,419
717
1,780
1,063
23,240
7,036
4,561
2,475
16,204
2,243
3,369
746
1,826
1,080
24,136
7,502
4,681
2,821
16,634
2,312
3,350
794
2,583
2,640
1,860
1,066
882
6,544
2,752
41,424
41,739
42,304
43,107
13,736
4,629
7,321
4,548
2,773
14,168
4,958
7,590
4,858
2,732
14,070
5,085
7,700
4,999
2,701
14,131
5,125
7,849
5,006
2,843
14,628
5,186
7,764
4,889
2,875
2,535
1,911
298
1,613
624
363
2,955
2,694
2,050
273
2,923
2,271
308
3,151
2,489
319
2,170
261
567
2,721
2,037
298
1,739
684
392
292
401
252
408
254
47,670
19,095
9,730
9,365
28,575
1,538
3,771
6,908
18,581
11,673
8,125
7,684
549
11,538
4,670
2,346
2,324
6,868
358
872
1,672
4,078
2,407
2,139
1,683
144
11,217
12,163
12,276
4,998
2,565
2,433
7,278
401
902
1,753
4,910
1,786
129
12,014
4,856
2,424
2,432
7,158
380
1,010
1,717
4,572
2,855
2,032
1,884
135
12,378
5,083
2,614
2,469
7,295
404
827
1,816
4,998
3,183
2,024
2,103
,122
-246,932
80,367
-166,565
-50,650
21,993
-28,657
-54,876
20,483
-34,393
-63,500
-64,969
20,587
-42,913
19,108
-45,861
2,017
290
1,727
938
372
4,267
2,288
1,979
6,950
356
927
1,702
4,329
2,627
2,050
926
6,017
2,513
1,777
644
382
262
900
6,164
4,974
2,453
2,521
7,189
401
932
1,736
4,770
3,034
2,014
1,968
138
1,963
652
3,157
2,029
2,045
148
-63,587
20,186
-43,401
662
-74,203
20,119
-54,084
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
^th JJu |l 11999
which
9 9 9 i sis u g o f f^ h S uSR V E Y 0 F C UC
R ' R E N T BUSINESS,
B
h i hpresents t the
th most t
1 9999"
9 9 . , j in
recent estimates from the
« « »
of
™™n*
accounts
-
SURVEY OF CURRENT BUSINESS
August 1999
International Data • D-57
G. Investment Tables.
Table G.1.—International Investment Position of the United States at Yearend, 1997 and 1998
[Millions of dollars]
Changes in position in 1998 (decrease (-))
Attributable to:
Line
Position,
1997'
Type of investment
Valuation adjustments
Financial
flows
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)
U.S.-owned assets abroad:
With direct investment positions at current cost (lines 5+10+15)
With direct investment positions at market value (lines 5+10+16) ...
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-owned 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
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
Preliminary.
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.
,
Total
Price
changes
rate
changes
(a)
(b)
-968,208
-1,066,262
-209,819
-209,819
4,508,626
292,818
292,818
134,836
75,929
10,027
18,071
30,809
6,784
149
5,118
1,517
81,960
79,607
79,273
334
2,353
429
574
602
-28
-145
4,291,830
5,072,096
285,605
285,605
101,669
316,150
38,685
49,565
1,004,228
1,784,494
1,739,400
538,400
1,201,000
132,829
132,829
102,817
25,064
77,753
2,892
217,373
98,777
18,441
80,336
562,396
985,806
25,041
24,918
5,476,834
6,355,154
502,637
502,637
268,626
634,822
835,709
614,530
589,792
24,738
21,459
135,384
64,336
-21,684
-3,625
-9,957
6,332
-3,113
-11,469
-3,477
4,641,125
5,519,445
524,321
524,321
246,189
612,385
764,045
1,642,365
662,228
211,628
1,578,694
715,196
863,498
193,375
193,375
46,155
16,622
218,026
170,539
47,487
453,555
970,975
9,412
40,731
Position,
1998"
Other
(a+b+c+d)
(c)
(d)
-167,585
-319,300
45,380
56,282
61,064
1,633
101,041
315,522
43,704
54,584
-15,293
-3,833
422,270
659,091
4,930,896
5,947,983
-628
-628
5,024
-10
-10
11,170
-638
576
6,040
5,192
146,006
75,291
10,603
24,111
36,001
422
572
601
-29
-150
82,382
80,179
79,874
305
2,203
-15,281
-0,821
410,678
647,499
4,702,508
5,719,595
1,957
12,837
27,962
-20,079
48,041
-18,465
-7,005
119,213
356,034
229,556
23,426
206,130
1,123,441
2,140,528
1,968,956
561,826
1,407,130
5,610
3,156
3,175
9
33,826
28,083
596,222
1,013,889
-1,676
-76,357
-5,466
693,230
1,130,295
6,170,064
7,485,449
22,437
9,344
9,152
192
-409
13,093
-409
344
5,719
-805
6,524
-3,113
-11,469
9,207
836,053
620,249
588,987
31,262
18,346
123,915
73,543
-1,676
-1,698
-75,948
-5,057
1,129,951
5,334,011
6,649,396
-3,877
362,319
18,961
22
-74,848
-3,957
"231,105
21,019
210,086
-6,005
-6,005
114,672
551,737
65,116
16,622
443,126
185,553
257,573
878,717
2,194,102
727,344
228,250
2,021,820
900,749
1,121,071
-1,100
7,232
46,118
460,787
1,017,093
3
4
427
922
3,675
-1,080
5,387
-270,960 -1,239,168
-471,204 -1,537,466
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 services.
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 at Yearend 1998" in the July 1999 issue of the SURVEY.
D-58
SURVEY OF CURRENT BUSINESS
• International Data
August 1999
Table G.2.-U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1996-98
[Millions of dollars]
Direct investment position on a
historical-cost basis
All countries, all industries ..
Capital outflows (inflows (-))
1996
1997
1998
Income
1996
1997
1998
1996
1997
1998
795,195
865,531
980,565
84,426
89,592
389,378
96,031
103,908
489,539
7,181
7,493
10,259
420,108
40,148
51,698
74,538
4,463
1,956
6,308
16,421
2,543
1,627
14,327
22,411
2,895
2,025
14,996
34,428
3,224
3,797
9,632
12,220
2,575
3,339
12,370
13,126
2,450
4,787
12,594
11,582
18,138
21,966
18,020
17,762
21,408
16,908
4,159
2,405
6,514
5,646
3,790
2,533
4,172
2,721
4,675
3,905
3,037
3,177
1,678
3,371
2,712
1,801
1,954
1,719
467
601
2,062
1,412
1,328
757
15,363
13,693
13,471
18,795
19,513
12,623
3,787
-280
2,393
-371
3,659
3,844
2,851
3,475
3,598
3,516
1,898
2,179
1,451
694
582
278
383
823
99,517
121,644
93,594
103,892
90,242
9,258
10,548
8,104
44,286
48,757
By country
Canada .
Europe
Of which:
France
Germany
Netherlands
United Kingdom ....
Latin America and Other Western Hemisphere
a which:
Brazil
Mexico
Africa
Middle East
Asia and Pacific .
Of which:
Australia
Japan
35,200
41,281
54,118
134,559
155,925
35,800
38,490
64,361
153,108
29,105
19,351
8,162
8,294
139,548
35,091
24,181
30,006
34,578
4,295
International
178,505
11,157
8,803
146,610
29,910
33,725
4,317
39,188
42,853
79,386
178,648
196,655
37,802
25,877
13,491
10,599
161,797
33,676
38,153
4,578
By industry
75,232
270,288
31,024
74,858
16,309
30,336
31,832
32,092
53,837
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
Services
Other industries
82,212
280,332
32,465
77,112
15,924
32,293
31,624
34,907
56,006
67,125
36,807
64,432
254,739
37,850
53,155
293,116
42,342
62,925
40,169
NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes.
In addition, unlike in the international investment position, the direct investment position is valued
at historical cost.
91,113
304,690
33,871
83,589
17,098
34,755
34,531
35,615
65,231
6,239
9,603
9,780
12,082
11,823
8,059
24,325
2,095
5,796
6,064
2,752
3,440
708
3,470
28,097
3,806
7,210
444
4,381
2,992
4,419
4,845
26,680
1,670
7,072
1,109
2,810
2,670
1,692
34,342
4,452
9,529
1,358
4,637
4,280
3,409
6,677
38,283
4,910
10,050
1,406
5,669
4,700
5,048
6,500
31,416
4,262
9,930
1,278
4,213
2,763
2,385
75,188
42,029
6,498
846
9,130
9,068
9,538
10,794
2,448
3,036
1,253
3,329
3,374
577
337,600
31,601
41,388
44,445
28,938
31,912
30,702
52,514
3,511
4,557
10,867
3,627
5,533
4,722
77,432
9,804
11,990
19,490
2,209
3,429
3,972
International Data
SURVEY OF CURRENT BUSINESS
August 1999
Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by
Industry of Foreign Affiliate, 1997
Millions of dollars
Number of
Sales
All countries, all Industries
Net income
Thousands of
employees
22,871
3,397,262
2,356,416
155,267
8,018.0
2,073
11,209
294,943
1,914,373
274,205
1,214,194
13,654
77,854
3,333.9
1,297
1,424
783
1,104
545
2,532
3,583
144,057
213,029
66,091
179,751
93,348
923,207
458,889
130,883
234,508
74,035
130,053
67,620
337,907
268,912
3,424
7,531
2,311
17,014
9,155
18,020
30,849
461
874
559
355
4,977
79,240
83,500
40,602
39,411
628,118
67,380
88,063
29,150
24,950
536,462
4,934
8,488
2,653
2,603
26,231
904
990
115
96,250
266,028
20,926
68,519
205,072
By country
Canada
Europe
Of which:
France
Germany
Italy
Netherlands
Switzerland
United Kingdom .
Latin America and Other Western Hemisphere
Of which:
Brazil.
Mexico
Africa
Middle East
Asia and Pacific
a which:
Australia
Japan
International
By industry
8,545
Petroleum
1,622
295,313
Manufacturina
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
8,528
884,113
112,875
220,923
47,209
123,273
84,525
131,550
163,757
1,086,129
127,710
207,988
44,679
178,257
110,625
244,199
172,671
789
2,065
760
1,090
908
530
2,386
360,452
Wholesale trade
5,045
223,451
422,285
Finance, (except depository institutions), insurance, and real estate
3,115
1,498,127
135,331
Services
2,873
154,234
128,639
1,688
342,025
223,580
•
Other industries
1 1.
NOTES.—The data in this table are from "U.S. Multinational Companies: Operations in 1997"
in the July 1999 issue of the SURVEY OF CURRENT BUSINESS.
5,925
1,422
19,778
61,660
8,810
17,900
2,043
9,033
6,905
6,198
10,772
15,218
42,922
6,843
8,846
941.9
483.7
627.4
205.5
169.4
L
977.2
1,629.2
340.8
793.0
.186.6
77.4
1,835.8
304.2
396.7
13.2
226.1
4,592.9
598.0
622.4
244.7
634.1
774.5
724.2
995.0
588.0
218.8
1,403.3
Size ranges are given in employment cells that are suppressed. The size range is L—50,000-
•
D-59
D-60
• International Data
August 1999
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, 199&-98
[Millions of dollars]
Direct investment position on a
historical-cost basis
All countries, all industries ..
Income
Capital inflows (outflows (-))
1996
1997
1998
188,960
30,407
42,115
38,015
15,399
11,859
3,190
3,361
3,010
55,989
70,508
167,655
23,724
31,380
27,635
7,244
19,616
12,262
14,404
10,993
12,919
13,658
11,234
12,308
42,145
7,018
2,405
2,509
5,271
10,374
3,183
3,294
7,103
11,440
3,137
4,392
5,920
7,815
1,990
3,993
278
1,383
1,752
1,494
-64
-47
64
330
-132
864
45
44
171
82
270
-101
435
-572
1996
1997
1998
84,455
105,488
8,590
1996
1997
1998
598,021
693,207
811,756
54,836
370,843
69,866
432,622
74,840
539,906
43,253
61,096
75,349
121,582
28,002
49,503
71,289
89,570
131,315
33,546
62,167
95,045
96,904
151,335
32,210
697
1,641
994
5,812
137,533
742
3,315
1,465
6,593
149,115
609
4,029
884
7,831
156,085
496
791
967
17,493
14,361
8,773
14,968
116,144
14,703
125,131
14,755
132,569
5,321
13,337
2,254
9,275
2,034
7,101
42,085
53,254
329,346
18,112
101,351
22,512
59,260
128,112
8,852
2,805
57,355
4,160
4,555
1,443
37,538
1,981
8,081
5,397
2,868
36,086
-903
13,746
4,258
7,573
11,411
15,694
1,819
5,014
1,024
1,166
6,671
18,628
1,532
5,556
1,572
2,805
7,162
20,696
1,056
6,190
1,744
2,718
19,211
87,454
-5,020
10,325
1,041
18,475
62,632
96,261
7,974
14,729
11,004
2,256
3,972
5,247
18,778
2,708
2,622
By country
Canada
Europe
a which:
France
Germany
Netherlands
United Kingdom
Latin America and Other Western Hemisphere
a which:
Brazil
Mexico
Africa
Middle East
Asia and Pacific ,
Of which:
Australia
Japan
1
-136
118
2,129
492
2,939
-352
617
475
5,356
5,489
214
5,780
672
5,187
By industry
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products ....
Primary and fabricated metals ....
Machinery
Other manufacturing
Wholesale trade
43,483
245,662
80,390
273,122
26,710
88,831
23,366
46,636
87,580
73,506
87,630
79,515
18,576
Retail trade
13,765
16,718
Depository institutions
31,264
38,118
Finance, except depository institutions
37,531
43,413
Insurance
56,124
70,492
35,169
40,060
Services
29,391
38,521
Other industries .
32,126
43,049
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
44,785
138
6,800
50,858
6,186
7,140
80,378
6,747
12,097
44,436
2,535
4,675
50,252
4,214
7,862
43,409
7,562
10,673
1,946
509
487
579
5,684
2,867
3,930
3,067
5,812
855
1,979
-718
6,817
2,382
4,681
4,019
3,284
-59
789
948
10,744
-14
916
1,358
-1,139
1,757
2,178
1,376
addition, unlike in the international investment position, the direct investment position is valued
at historical cost.
International Data • D-61
SURVEY OF CURRENT BUSINESS
August 1999
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, 1997
Millions of dollars
Millions of dollars
Number of
Total assets
All countries, all industries
Sales
Net income
Gross
product
Thousands
of
employees
U.S. exports U.S. imports
of goods
of goods
shipped by
shipped to
affiliates
affiliates
9,474
3,034,404
1,717,240
945
4,071
309,080
1,809,319
139,409
3,693
34,464
601.6
7,787
14,356
940,672
31,107
245,919
3,213.9
62,392
94,512
513
1,011
302
404
929
322,270
302,740
260,034
339,896
454,081
135,414
194,492
124,109
110,077
258,845
2,959
5,071
5,508
2,986
12,119
35,863
46,171
33,750
25,637
78,550
411.2
657.6
391.4
352.1
983.2
14,032
13,973
4,592
6,233
14,543
12,936
32,032
10,191
7,127
15,363
53,469
2,522
13,545
168.1
5,308
9,622
42,547
5,164.3
140,924
261,482
By country
Canada
Europe
a which:
France
Germany
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere ,
Africa
Middle East
Asia and Pacific
Of which:
Australia ....
Japan
United States
632
41
307
3,373
11,969
28,841
687,245
135
2,587
105
11,222
326
2,843
22.4
855
634
25,246
1,151
7,295
92.7
814
5,534
523,479
918
73,667
1,012.6
62,709
135,739
55,514
582,570
128,117
26,132
446,422
-101
2,701
5,207
62,345
80.1
812.4
1,410
52,883
1,501
120,357
23,742
2,829
7,151
52.9
1,058
1,084
2,846
680,260
667,576
18,826
188,477
2,227.0
70,053
99,304
214
339
373
359
333
104
260
1,708
210
236
570
1,935
301
1,668
43,894
190,326
67,516
47,246
53,182
22,574
49,211
47,082
141,744
65,075
56,680
73,413
26,203
72,607
183
4,280
1,744
1,390
-257
631
2,060
10,953
40,906
16,510
16,607
15,658
7,537
13,554
152.7
389.4
219.4
260.8
239.6
129.5
207.9
2,620
15,259
5,133
10,357
13,092
3,430
7,631
2,675
16,019
8,329
8,267
20,612
3,421
18,203
293,144
49,802
144,497
1,534,492
530,141
3,889
51,856
538.5
63,231
155,716
96,624
1,197
25,009
688.7
1,951
3,973
80,845
2,445
27,120
293.4
175,822
11,220
26,331
219.8
116,679
20,813
204
9,084
47.0
17,299
15,972
-570
5,981
82.6
361
567
198,229
129,448
5,337
51,025
1,067.3
4,332
1,255
By industry*
Manufacturing
.
.
.
.
a which:
Food
Chemicals
Primary and fabricated metals
Machinery
Computers and electronic products
Electrical equipment, appliances, and components ,
Transportation equipment
Wholesale trade
Retail trade
Information
Finance (except depository institutions) and insurance ...
Professional, scientific, and technical services
Other industries
D
Suppressed to avoid disclosure of data of individual companies.
1 The industry classification system used to classify the data for U.S. affiliates is based on
the North American Industry Classification System. Pnor to 1997, the affiliate data were classified
374
using an industry classification system based on the Standard Industrial Classification system.
NOTE.-The data in this table are from "Foreign Direct Investment in the United States: Prelimin a r y Results from the 1997 Benchmark Survey" in this issue of the SURVEY.
D-62
• International Data
SURVEY OF CURRENT BUSINESS
August 1999
H. International Perspectives^
Quarterly data in this table are shown in the middle month of the quarter.
Tablej H.1.—International Perspectives
1999
1998
1997
1998
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
1.5194
1.1591
1.4977
1.1203
1.5176
1.0886
1.4881
1.0701
1.4611
1.0630
Exchange rates per U.S. dollar (not seasonally adjusted)l
Canada (Can.$/US$)
European Monetary Union (US$/Euro)2
France (FFr/US$) ^
Germany (DM/US$)2
Italy (L/US0)2
- •
Japan (¥/US0)
Mexico (Peso/US$)
United Kingdom (US$/£)
Addendum:
Exchange value of the U.S. dollar 2 ...
1.3849
5.8393
17348
17.0381
1.2106
7.9177
1.6376
104.47
1.4298
1.4452
1.4655
1.4869
1.5346
1.5218
1.5452
1.5404
1.5433
6.0782
5.8995
1 8132
1 7597
17.3685 17.9124
1.3175
1.3099
9.1520
8.5017
1.6573
1.6723
5.9528
17753
17.5079
1.3490
8.5848
1.6382
6.0118
17928
17.6632
1.4033
8.9200
1.6504
6.0280
17976
17.7242
1.4079
8.8990
1.6437
5.9912
17869
17.6301
1.4468
9.3712
1.6342
5.6969
16990
16.7892
1.3448
10.2192
1.6823
5.4925
16381
16.2096
1.2105
10.1594
1.6944
5.6422
1 6827
16.6491
1.2029
9.9680
1.6611
5.5981
16698
16.5323
1.1707
9.9070
1.6708
1.1329
10.1280
1.6498
1.1667
10.0060
1.6276
1.1947
9.7320
1.6213
1.1977
9.4300
1.6089
1.2200
9.3950
1.6154
115.16
117.87
118.17
120.14
118.85
115.46
115.34
114.56
114.68
116.37
117.80
117.15
116.91
1.4836
116.25
114.13
Unemployment rates (percent, monthly data seasonally adjusted)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
,.....,.
Addendum:
United States
9.2
8.3
8.4
8.4
8.4
8.4
8.3
8.3
8.0
8.0
8.0
7.8
7.8
7.8
8.3
8.1
12.5
11.5
12.3
11.8
11.1
12.3
11.9
11.3
11.9
11.2
12.4
11.8
11.0
11.7
10.9
11.9
10.9
12.4
11.8
10.8
11.7
10.7
11.6
10.7
12.4
11.5
10.7
11.5
10.6
11.4
10.6
12.1
11.4
10.6
11.3
10.6
11.4
10.5
3.4
37
4.1
32
4.1
3.1
4.1
3.2
4.2
3.4
4.1
3.2
4.3
3.0
4.3
3.3
4.3
31
4.4
26
4.4
2.6
4.4
2.8
4.6
32
4.8
2.7
4.8
2.7
4.6
2.4
5.5
4.7
4.7
4.7
4.7
4.6
4.6
4.6
4.6
4.6
4.6
4.5
4.6
4.5
4.5
4.5
4.9
4.5
4.3
4.4
4.5
4.5
4.5
4.5
4.5
4.4
4.3
4.3
4.4
4.2
4.3
4.2
Consumer prices (monthly data seasonally adjusted, 1995=100)
Canada
France
Germany
Italy :„
Japan
Mexico.....
United Kingdom
,
....,
Addendum:
United States
103.22
103.23
103.34
106.13
101.84
162.09
105.66
104.25
104.01
104.30
108.22
102.50
187.91
109.27
103.93
104.22
104.11
108.00
102.59
182.36
109.08
104.31
104.22
104.41
108.20
102.89
183.81
109.69
104.41
104.33
104.51
108.30
102.49
185.99
109.62
104.41
104.02
104.81
108.30
101.89
187.78
109.35
104.41
104.02
104.61
108.40
101.79
189.58
109.82
104.21
104.02
104.41
108.40
102.59
192.66
110.29
104.60
104.02
104.21
108.60
103.29
195.42
110.36
104.60
103.91
104.21
108.80
103.19
198.88
110.29
104.31
104.02
104.31
108.80
102.79
203.73
110.29
104.50
103.70
104.11
108.90
102.29
208.88
109.62
104.69
104.02
104.31
109.10
101.89
211.68
109.82
105.08
104.43
104.41
109:30
101.99
213.65
110,09
105.65
104.64
104.81
109.60
102.49
215.63
110.83
105.94
104.64
104.81
109.80
102.49
216.89
111.1
105.34
106.97
106.64
106.84
106.97
107.10
107.23
107.36
107.62
107.62
107.56
107.82
107.95
108.28
109.07
109.07
Real gross domestic product (percent change from preceding quarter, quarterly data seasonally adjusted at annual rates)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
4.0
3.1
1.1
2.3
1.8
1.4
1.4
6.8
3.5
3.2
2.3
1.3
-2.8
4.8
2.1
3.6
0
1.4
-2.9
7.2
12
Addendum:
United States
3.9
3.9
1.8
See footnotes at the end of the table.
2.6
1.5
1.8
2.5
4.8
4.2
-1.2
3.1
1 1
2.9
-.6
-1.0
-3.2
-4.3
.3
1.8
7
7.9
3.6
2
3.7
6.0
4.3
2.3
SURVEY OF CURRENT BUSINESS
August 1999
International Data •
D-63
Table H.1 .—International Perspectives—Continued
1998
1QQ7
1999
1QQ8
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Short-term, 3-month, interest rates (percent not sea sonally a ijusted)
3.53
3 46
5.04
3 56
4.88
333
354
Japan
Mexico
United Kinqdom
6.88
.60
21 27
6.83
4.99
.72
2611
7.33
3 63
5.23
.70
1947
7.44
Addendum:
United States
5.07
4.81
5.00
0311303
France
Germany
Italy
363
4.71
5.00
3 61
5.00
5.02
5.15
5.59
5.27
5.13
4.99
357
356
350
354
349
356
357
359
363
5.11
.59
1885
7.41
3 56
5.12
.58
2099
7.62
356
354
332
363
4.88
.74
2182
7.70
4.89
.73
2522
7.66
4.97
.55
4103
7.37
4.53
.61
3749
7.13
3.95
.63
3430
6.88
3.38
.62
3435
6.37
.19
.08
3227
5.79
28 72
5.42
23 86
5.29
2105
5.23
2102
5.25
5.03
4.99
4.96
4.94
4.74
4.08
,4.44
4.42
4.34
4.45
4.48
4.28
4.51
4.99
5.02
5.00
4.58
338
.69
.58
.20
Long-term interest rates, government bond yields (percent, not seasonally adjusted)
Canads
France
Germany
Italy
Japan
United Kingdom
;
Addendum:
United States
6.47
5.67
5.66
6.86
2.37
7.04
5.45
4.82
4.58
4.88
1.54
5.52
5.50
5.12
4.90
5.15
1.87
5.79
5.52
5.05
5.00
5,21
1.66
5.83
5.45
4.95
4.80
5.08
1.54
5.73
5.46
4.91
4.70
4.97
1.68
5.75
5.65
4.61
4.40
4.79
1.50
5.54
5.39
4.39
4.10
4.53
1.10
5.12
5.17
4.51
4.10
4.49
.88
5.00
5.39
4.43
4.10
4.38
.98
4.91
5.07
4.41
3.90
4.00
1.49
4.50
5.13
4.13
3.70
3.92
1.91
4.29
5.26
4.42
3.85
4.05
2.12
4.45
5.34
4.39
4.04
4.27
1.82
4.66
5.26
4.25
3.85
4.11
1.56
4.59
5.51
4.45
4.01
4.28
1.33
4.91
6.35
5.26
5.64
5.65
5.50
5.46
5.34
4.81
4.53
4.83
4.65
4.72
5.00
5.23
5.18
5.54
Share price indices (not seasonally adjusted, 1995=100)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
..
Addendum:
United States
,.
;
145.70
147.01
154.73
137.74
101.03
200.17
128.26
152.40
192.24
197.73
220.53
85.36
191.13
150.50
172.90
201.10
209.27
249.47
88.51
229.73
157.20
171.20
209.39
213.63
243.46
87.94
204.11
161.18
166.20
215.58
222.25
235.73
86.28
192.97
160.38
156.30
220.70
231.41
250.81
91.30
191.27
161.89
124.70
204.84
209.62
234.95
85.30
134.81
150.50
126.60
183.34
186.52
199.94
78.62
160.85
140.42
140.00
171.01
171.38
188.79
74.15
183.61
136.64
143.10
190.90
188.86
213.89
80.59
169.86
148.92
146.30
193.39
186.88
224.01
80.25
178.87
150.07
151.80
210.44
199.85
241.37
78.31
178.34
157.29
142.40
210.06
195.26
236.94
79.78
191.98
159.40
148.80
211.54
191.41
248.62
87.18
222.15
162.89
158.20
220.92
200.13
251.95
96.31
243.96
169.18
154.30
225.11
200.70
247.42
96.25
246.81
168.18
156.81
189.00
198.54
197.31
195.69
201.40
185.18
173.98
175.68
193.80
197.85
204.51
202.20
207.35
215.61
218.31
1. All exchange rates are from the Board of Governors of the Federal Reserve System.
2. As of January 1, 1999, the euro is reported in place of the individual euro-area currencies. These currency
rates can be derived from the euro rate by using the following conversion rates: 1 euro = 6.55957 French francs,
1,95583 German marks, and 1936.27 Italian lire. In previous issues of the SURVEY, this rate was incorrectly labeled
"Euro/US$," but the values shown were those for "US$/Euro." The rate shown for the United States is an index
of the weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group
of major U.S. trading partners, January 1997-100. For more information on the exchange rate indexes, see "New
Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998),
pp. 811—18.
NOTE.—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 1995 to facilitate comparison) are © OECD, July 1999, OECD Main Economic
Indicators and are reproduced with permission of the OECD.
D-64
• International Data
SURVEY OF CURRENT BUSINESS
August ippp
I. Charts-
THE U.S. IN THE INTERNATIONAL ECONOMY
Billion $
BALANCE ON CURRENT ACCOUNT
COMPONENTS OF CURRENT ACCOUNT BALANCE
Services
20Income
0^-\
v
Unilateral transfers
s
V
''
-20-
^ ^ ^ y
-40-
Goods
Vv
-60-
-80
I
I I I I I I I I I 1 I I I I II
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 E
Billion $
50
i n i i i i r
Billion$
120
CAPITAL FLOWS ON U.S. DIRECT INVESTMENT ABROAD
AND FOREIGN DIRECT INVESTMENT IN THE UNITED STATES
i I i i f. i i i .
2 8384 85 86 87 888990 919293949596979899
SECURITIES TRANSACTIONS
100
Net foreign purchases of U.S. securities
80
60Net U.S. purchases of foreign securities
40-
20
0-
I IIIIIIIIIIIIIII I
-20
Billion $
7000
Billion $
300
EXPORTS AND IMPORTS OF GOODS AND SERVICES
I T1^ 1
I I I
I I I I I•I I I I I
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST
250
200
Net investment position
50
i
n
i i. r i i T r i i
\ TT i i
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99
U.S. Department of Commerce, Bureau of Economic Analysis
I
I I I I I I I I I 1 I "I
1 I II
82 8 3 84 85 8 6 8 7 8 8 8 9 9 0 91 92 9 3 9 4 9 5 9 6 9 7 98
Regional Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-65
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 State 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
Area name
I
United States .
New England
Connecticut
Maine
.:,
Massachusetts
New Hampshire ...
Rhode Island
Vermont
Mideast .
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 .
Virginia
West Virginia.
H
Percent change •
1997
1996
III
IV
I
II
1998
IV
III
I
II
1999
III
IV
I
1998:11998:11
1998:111998:111
1998:1111998:1V
1998:1V1999:1
1.3
1.3
1.5
1.2
446,549
128,717
29,784
209,776
36,035
27,485
14,751
1.5
.8
1.9
1.9
1.4
.8
1.4
1.6
1.6
1.9
1.6
2.4
1.5
1.2
1.7
2.2
1.2
1.4
2.5
1.5
1.3
1.4
1.6
1.8
1.4
.7
1.2
1.2
1,221,939 1,239,455 1,252,383 1,267,238 1,287,567 1,293,436 1,309,439 1,325,328 1,345,232 1,364,051 1,380,603 1,389,923 1,410,187
19,197
19,511
19,851
20,639
21,422
21,892
20,333
20,631
22,118
22,225
22,796
22,791
21,094
18,335
18,239
18,523
18,754
18,760
19,028
19,687
19,817
20,132
18,805
19,085
19,191
19,408
135,394
159,887
137,126
138,965
140,786
143,770
145,016
146,589
148,983
150,778
155,299
157,464
153,116
242,314
248,881
251,807
258,617
278,572
284,222
246,523
257,066
261,795
265,466
270,299
273,177
280,078
591,037
518,146
524,129
528,376
543,350
543,675
551,780
556,901
565,642
581,019
534,908
575,201
581,208
297,787
288,553
293,927
303,989
313,471
332,119
300,651
306,686
309,153
317,430
321,031
328,561
323,801
1.4
1.0
1.1
1.6
1.1
1.7
1.1
1.2
.5
1.4
1.4
2.0
1.0
.9
.7
2.6
.7
1.4
.5
0
1.5
15
0
1.6
1.5
1.5
1.7
1.1
1,033,181 1,049,582 1,063,248 1,072,178 1,089,113 1,102,312 1,112,380 1,126,771 1,143,432 1,155,114 1,163,136 1,185,908 1,195,478
309,028
313,062
320,562
325,749
333,657
342,467
317,189
330,416
338,040
350,023
356,961
359,353
346,668
128,944
130,774
147,324
126,763
133,919
135,408
136,348
143,902
146,627
131,798
138,619
140,635
142,285
240,467
228,900
253,117
233,068
235,053
237,261
243,025
245,370
247,430
254,683
253,375
258,980
261,651
252,328
256,354
260,082
269,084
278,627
261,262
266,151
271,385
275,181
280,966
283,518
288,569
291,226
122,827
128,587
135,924
116,163
118,155
120,149
124,378
125,620
127,501
130,512
132,318
134,771
121,295
1.0
1.2
1.2
.6
.8
1.5
.7
1.0
1.1
-.5
.9
1.4
2.0
2.0
1.9
2.2
1.8
1.9
.8
.7
.5
1.0
.9
.9
484,036
71,070
68,058
134,863
136,370
42,356
14,261
17,057
1.3
1.1
1.5
1.5
1.2
1.7
.4
1.0
1.0
1.3
.9
.6
1.2
1.3
.6
.4
2.5
3.6
2.5
2.7
.9
2.9
4.4
5.2
.4
-.2
.6
.4
1.0
-.4
-.7
-.2
1,367,907 1,393,553 1,415,101 1,429,465 1,458,318 1,472,319 1,488,852 1,509,533 1,535,161 1,557,124 1,580,149 1,601,518 1,623,020
83,232
85,973
88,240
88,927
91,987
84,745
86,565
89,599
90,626
94,041
96,128
92,976
95,265
50,874
47,667
49,629
52,984
48,531
49,268
50,338
51,403
51,790
53,235
45,801
47,079
47,918
341,341
361,282
335,919
346,885
351,079
357,463
366,450
370,723
377,760
383,881
389,957
395,019
401,636
162,657
175,922
167,047
170,153
177,615
186,808
199.947
171,965
179,751
182,310
189,851
193,919 , 196,882
77,127
79,087
80,819
81,777
73,726
75,116
76,480
80,058
83,283
85,430
86,183
86,947
84,440
89,247
85,722
86,371
87,638
88,570
93,334
83,501
84,805
90,811
91,958
93,822
94,605
95,565
47,664
46,148
48,597
49,609
47,018
47,770
49,213
50,330
51,250
51,828
52,680
53,374
53,807
162,860
164,941
169,449
171,121
172,593
180,852
156,451
160,466
175,453
178,542
183,188
185,561
188,281
74,197
79,071
71,665
73,021
76,523
77,139
78,010
79,995
74,858
81,170
82,960
84,033
85,501
113,292
114,972
124,284
116,688
117,838
120,173
120,999
122,280
125,583
129,172
127,546
130,676
132,686
173,146
174,227
176,798
163,021
165,170
167,591
169,623
179,473
182,445
184,931
191,467
193,490
187,900
34,337
32,496
33,220
33,411
33,649
33,900
34,066
32,776
34,676
34,911
35,290
35,469
35,796
1.4
1.1
1.0
1.6
1.6
1.4
1.5
1.1
1.3
1.5
1.6
1.4
.7
15
1.1
.8
1.6
2.1
1.2
.5
1.6
1.3
2.2
1.3
1.6
1.1
1.4
1.3
2.3
1.3
1.5
.9
.8
1.3
1.3
1.3
1.2
1.9
.5
1.3
.9
.5
1.7
1.6
.9
1.0
.8
1.5
1.7
1.5
1.1
.9
6,267,885 6,371,958 6,458,511 6,534,057 6,650,207 6,726,629 6,807,506 6,898,259 7,016,041 7,108,060 7,199,440 7,309,162 7,400,243
375,964
108,427
25,372
175,689
30,048
23,637
12,793
416,306
61,472
57,549
114,468
118,789
36,673
12,663
14,691
382,128
110,288
25,736
178,781
30,420
23,964
12,939
423,462
62,498
58,248
116,728
120,583
37,445
12,922
15,038
387,175
111,745
26,119
181,199
30,824
24,166
13,123
429,560
63,462
59,124
118,543
122,068
37,902
13,200
15,261
392,892
113,155
26,510
184,323
31,241
24,501
13,163
433,543
63,605
59,836
119,432
123,618
38,590
13,146
15,314
399,830
115,126
26,877
187,831
31,755
24,886
13,354
438,635
64,874
61,007
120,365
126,067
38,487
12,646
15,190
403,744
116,357
27,112
189,367
32,233
25,223
13,452
444,771
65,808
62,081
122,372
127,093
39,037
12,838
15,541
408,242
117,455
27,267
191,863
32,759
25,372
13,524
449,351
66,185
62,782
123,869
128,381
39,412
12,986
15,736
415,615
119,755
27,715
194,969
33,436
25,877
13,864
454,161
67,105
63,581
125,434
129,637
39,604
13,072
15,729
419,963
121,057
27,865
197,207
33,646
26,152
14,037
460,014
67,104
64,435
128,013
130,680
40,140
13,623
16,019
426,088
122,052
28,406
200,905
34,124
26,370
14,230
466,078
67,830
65,385
129,951
132,228
40,820
13,680
16,185
433,011
123,950
28,936
204,031
34,937
26,762
14,394
470,605
68,745
65,973
130,696
133,834
41,349
13,758
16,250
440,347
126,664
29,271
206,866
35,796
27,172
14,578
482,185
71,199
67,625
134,286
135,080
42,538
14,358
17,099
Southwest
Arizona
New Mexico .
Oklahoma
Texas
599,717
91,202
31,354
62,456
414,706
609,936
92,667
31,711
63,496
422,062
619,199
94,349
32,005
64,260
428,586
628,208
95,347
32,233
64,788
435,840
643,609
97,748
32,780
66,453
446,628
655,242
99,234
33,202
67,024
455,782
666,522
100,914
33,404
67,623
464,580
676,461
102,744
33,689
68,676
471,352
692,740
104,765
34,239
69,562
484,174
702,120
106,967
34,543
70,257
490,352
713,181
109,091
34,800
70,847
498,443
723,371
111,522
35,431
71,211
505,206
733,102
112,691
35,845
71,852
512,713
1.4
2.1
.9
1.0
1.3
1.6
2.0
.7
.8
1.7
1.4
2.2
1.8
.5
1.4
1.3
1.0
1.2
.9
1.5
Rocky Mountain ,
Colorado
Idaho
Montana
Utah
Wyoming
181,968
94,993
22,895
16,241
37,718
10,121
185,700
96,947
23,412
16,457
38,618
10,265
188,606
98,644
23,613
16,648
39,284
10,418
191,273
100,356
23,751
16,836
39,802
10,528
194,734
101,986
24,167
17,007
40,836
10,737
198,098
104,199
24,524
17,182
41,410
10,783
201,433
106,206
24,894
17,349
42,087
10,897
204,128
108,182
25,017
17,565
42,393
10,972
209,209
111,925
25,426
17,547
43,288
11,023
211,736
113,255
25,622
17,786
44,070
11,004
214,437
114,793
26,076
17,728
44,561
11,278
219,191
117,823
26,480
18,246
45,269
11,372
221,802
118,947
26,987
18,351
45,949
11,569
1.2
1.2
.8
1.4
1.8
-.2
1.3
1.4
1.8
-.3
1.1
2.5
2.2
2.6
1.5
2.9
1.6
.8
1.2
1.0
1.9
.6
1.5
1.7
1,070,902 1,088,142 1,103,240 1,119,261 1,138,401 1,156,706 1,171,286 1,186,262 1,210,289 1,225,749 1,244,320 1,266,721 1,286,069
14,984
15,237
14,610
14,864
15,393
15,749
15,762
16,172
14,619
14,758
15,275
15,805
15,978
828,154
842,113
863,952
892,504
781,632
793,944
815,394
853,136
881,119
923,802
803,351
906,175
939,045
29,854
30,224
30,437
30,727
30,669
31,022
31,192
31,952
29,656
29,739
29,886
31,316
31,543
41,964
43,671
44,255
46,344
49,497
44,662
45,450
47,203
50,262
39,971
40,969
42,746
48,135
73,967
77,063
76,340
78,110
78,803
80,391
81,101
81,532
82,215
71,053
72,516
75,086
83,338
147,601
151,995
136,354
139,345
141,285
145,028
149,376
155,609
157,999
163,686
165,300
133,980
161,400
1.3
-.4
1.3
.5
1.9
.9
1.5
13
.1
1.5
.4
2.0
.5
2.2
1.8
1.4
1.9
.7
2.8
.8
1.4
15
1.2
1.7
1.3
1.5
1.4
1.0
Far West
California
Hawaii
Nevada
Oregon
Washington ....
1. Percent changes are expressed at quarterly rates.
NOTE.-The personal income level shown for the United States 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 of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
*
nn
a n d militar
"
y P ^ ™ 6 ' s ^ o n e d abroad and of U.S. residents employed abroad temporarily by private U.S.
"fS
O1
Source:
Table
3 in "State Personal Income, First Quarter 1999" in this issue of SURVEY OF CURRENT BUSINESS.
"
D-66
• Regional Data
SURVEY OF CURRENT BUSINESS
August 1999
Table J.2.—Annual Personal Income and Disposable Personal Income for States and Regions
Personal income
Area name
Millions of dollars
Disposable personal income
Percent change
1996
1997
1998
6,408,103
6,770,650
7,158,176
5.7
384540
110!904
25,934
179,998
30,633
24,067
13,004
406,858
117,173
27,243
191,008
32,546
25,340
13,549
429,852
123,431
28,620
202,252
34,626
26,614
14,309
Mideast
Delaware
District of Columbia
Maryland
,
New Jersey
New York
Pennsylvania
1,245,254
19,723
18,463
138,068
247,381
526,390
295,230
1^03,943
20,946
18,919
146,090
260,736
548,927
308,325
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,054,547
314,960
129,570
233,571
257,506
118,940
1996-97
Millions of dollars
1997-48
Percent change
1997-98
1996
1997
1998
5.7
5,518,569
5,782,712
6,061,088
4.8
4.8
5.8
5.7
5.0
6.1
6.2
5.3
4.2
5.7
5.3
5.1
5.9
6.4
5.0
5.6
323,239
91,503
22,772
149,777
26,831
21,022
11,333
338,425
95,453
23,671
157,389
28,254
21,942
11,717
353^24
99,259
24,650
164,889
29,849
22,878
12,299
4.7
4.3
3.9
5.1
5.3
4.4
3.4
4.6
4.0
4.1
1,369,952
22,258
19,526
154,164
275,531
575,768
322,706
4.7
6.2
2.5
5.8
5.4
4.3
4.4
5.1
6.3
3.2
5.5
5.7
4.9
4.7
1,057,756
16,796
15,623
117,094
210,191
442,273
255,779
1,096,946
17,699
15,851
122,434
219,885
456,565
264,511
1,140,195
18,647
16,100
128,282
229,892
472,647
274,626
3.7
5.4
1.5
4.6
4.6
3.2
3.4
3.9
5.4
1.6
4.8
4.6
3.5
3.8
1,107,644
331,966
136,073
244,073
270,450
125,081
1,161,898
349,029
143,362
255,039
282,920
131,547
5.0
5.4
5.0
4.5
5.0
5.2
4.9
5.1
5.4
4.5
4.6
5.2
902,103
268,434
111,656
199,607
221,394
101,011
939,326
280,280
116,414
206,608
230,780
105,244
977,559
292,419
121,876
214,329
239,089
109,846
4.1
4,4
4.3
3.5
4.2
4.2
4.1
4.3
4.7
3.7
3.6
4.4
425,718
62,759
58,690
117,293
121,265
37,652
12,983
15,076
446,730
65,993
62,363
123,010
127,795
39,135
12,885
15,549
469,721
68,720
65,854
130,737
132,955
41,212
13,855
16,388
4.9
5.2
6.3
4.9
5.4
3.9
-.8
3.1
5.1
4.1
5.6
6.3
4.0
5.3
7.5
5.4
367,001
54,824
50,703
97,774
105,529
32,903
11,620
13,649
381,713
57,253
53,488
101,468
110,307
33,827
11,389
13,982
398,925
59,222
56,057
107,358
113,948
35,446
12,230
14,665
4.0
4.4
5.5
3.8
4.5
2.8
-2.0
2.4
4.5
3.4
4.8
5.8
3.3
1,401,506
85,128
47,116
343,806
167,956
75,612
85,099
47,150
161,179
73,435
115,697
166,351
32,976
1,482,256
89,348
49,442
363,980
178,875
80,435
89,067
49,437
172,154
77,686
121,934
175,911
33,988
1,568,488
93,567
51,763
386,654
191,865
84,834
93,430
52,283
182,036
82,039
128,244
186,686
35,087
5.8
5.0
4.9
5.9
6.5
6.4
4.7
4.9
6.8
5.8
5.4
5.7
3.1
5.8
4.7
4.7
6.2
7.3
5.5
4.9
5.8
5.7
5.6
5.2
6.1
3.2
1,225,384
75,473
41,791
298,933
145,199
65,938
76,061
42,827
139,842
64,545
102,991
142,308
29,476
1,286,377
78,809
43,686
313,790
153,506
69,749
78,903
44,697
148,266
67,858
107,789
149,103
30,222
1,350,586
82,148
45,394
330,157
163,232
73,168
82,179
47,079
155,290
71,340
112,656
156,916
31,026
5.0
4.4
4.5
5.0
5.7
5.8
3.7
4.4
6.0
5.1
4.7
4.8
2.5
5.0
4.2
3.9
5.2
6.3
4.9
4.2
5.3
4.7
5.1
4.5
5.2
2.7
Southwest
Arizona
New Mexico
Oklahoma
Texas
614,265
93,391
31,826
63,750
425,298
660,458
100!i60
33,269
67,444
459,585
707,853
108,087
34,753
70,469
494,544
7.5
7.2
4.5
5.8
8.1
7.2
7.9
4.5
4.5
7.6
543,363
81,041
28,249
56,059
378,015
581,106
86,119
29,307
58,974
406,707
618,773
92,333
30,524
61,218
434,698
6.9
6.3
3.7
5.2
7.6
65
7.2
4.2
3.8
6.9
Rocky Mountain .......
Colorado
Idaho
Montana
Utah
Wyoming
186,887
97,735
23,418
16,546
38,856
10,333
199,598
105,143
24,651
17,276
41,681
10,847
213,643
114,449
25,901
17,827
44,297
11,169
6.8
7.6
5.3
4.4
7.3
5.0
7.0
8.9
5.1
170,034
88,686
21,347
15,064
35,657
9,281
180,610
95,810
22,275
15,434
37,627
9,463
5.9
6.5
4.5
6.3
3.0
160,565
83,250
20,420
14,546
33,433
8,915
6.7
4.1
6.2
8.0
4.3
2.5
5.5
2.0
1,095,386
14,713
798,580
29,784
41,412
73,156
137,741
1,163,164
15,222
846,839
30,514
44,510
77,579
148,500
1,236,770
15,823
900,900
31,268
47,795
81,310
159,674
6.2
3.5
6.0
2.5
7.5
6.0
7.8
6.3
3.9
6.4
2.5
7.4
4.8
7.5
939159
12&7
682,968
25,911
35,342
62,206
120,166
988,785
12,926
717,988
26,398
37,654
65,177
128,640
1,040,616
13,349
755,232
26,843
40,107
67,866
137520
5.3
2.9
5.1
1.9
6.5
4.8
7.1
5.2
3.3
5.2
1.7
6.5
4.1
6.7
United States ...
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains
Iowa
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
.,
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's) because of
differences in coverage, in the methodologies used to- prepare the estimates, and in the timing
of the availability of source data. In particular, it differs from the NIPA estimate because, by defini-
3.2
1996-97
3.6
4.8
5.6
4.3
5.0
4.8
7.4
4.9
tion, 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.
Source: Tables 1 and 2 in ''State Personal Income, First Quarter 1999" in this issue of the
SURVEY.
SURVEY OF CURRENT BUSINESS
August 1999
Regional Data •
Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions
Per capita personal income'
Dollars
Per capita disposable personal income'
Rank in U.S.
1997
Dollars
1998
26,482
20,810
21,598
22,424
26,346
28,035
18,394
24,623
23,140
21,274
19,328
25,309
29,215
19,061
25,740
24,104
22225
19,905
30,317
19,811
26,824
25,188
23,145
20,815
1
35
3
5
11
28
23,100
28,950
23,151
26,248
24,378
21,255
24,609
24,076
29,914
24,031
27,286
25,160
22,022
25,512
25,077
30,776
24,983
28,329
26,005
22,883
7
2
4
15
20,578
22,494
19,160
20,507
19,821
19,521
21,335
23,377
19,849
21,126
20,618
20,235
22,119
24,277
20,660
21,832
21,329
21,029
32
20
23
26
25,126
24,007
25,049
27,667
24,447
24,786
21,708
22,201
19,861
19,246
19,617
21,035
19,656
20,536
20,058
20,561
21,647
20,395
20,415
17,768
18,952
21,339
20,689
21,322
22,719
20,952
21,318
19,162
19,744
18,234
17,314
21,379
20,495
17,837
18,123
16,363
19,953
17,913
20,066
22,130
United States .
24,164
New England
Connecticut
Maine
Massachusetts
New Hampshire ...
Rhode Island
Vermont
28,872
33,979
20,948
29,591
26,418
24,356
22,179
30,427
35,863
21,937
31,239
27,766
25,667
23,017
32,007
37,700
23,002
32,902
29,219
26,924
24,217
Mideast
Delaware
District of Columbia....
Maryland
New Jersey
New York
Pennsylvania
27,978
27,125
34,213
27,298
30,892
29,015
24,533
29,252
28,493
35,704
28,674
32,356
30,250
25,670
30,652
29,932
37,325
30,023
33,953
31,679
Great Lakes .
Illinois
Indiana
Michigan ...
Ohio
Wisconsin .
24,055
26,393
22,234
23,996
23,054
22,987
25,158
27,688
23,202
24,956
24,163
24,048
28,976
24,302
25,979
25,239
25,184
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota ...
South Dakota ..
23,039
22,032
22,707
25,235
22,586
22,847
20,197
20,450
24,034
23,120
23,972
26,243
23,629
23,618
20,103
21,076
26,290
23,765
18.Q77
18,513
21,787
19,838
18,808
23,834
22,900
19,475
19,609
17,398
22,053
19,651
21,800
24,950
18,116
22,751
20,672
19,595
24,799
23,882
20,570
20,458
23,793
21,500
20,393
25,922
25,106
21,551
21,385
23,168
20,508
22,699
26,109
18,724
24,122
21,387
23,615
27,489
19,373
19,049
17,588
16,682
20,723
19,798
16,983
17,526
15,803
19,134
17,272
19,406
21,344
16,193
Southwest......
Arizona
New Mexico.
Oklahoma ....
Texas
21,577
21,071
18,634
19,342
22,345
22,787
21,998
19,298
20,305
23,707
23,985
23,152
20,008
21,056
25,028
19,086
18,284
16,540
17,008
19,861
nOCKy Mountain .
Colorado -:.:..;:....
22,304
25,627
19,741
18,872
19,214
21,524
23,414
27,015
20,392
24,668
28,821
21,080
20,247
21,096
23,225
27,367
25,771
27,579
26,210
27,360
24,775
28,066
Southeast
Alabama Z'ZZ.
Arkansas ..........
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina .
South Carolina .
Virginia ...........
West Virginia .
Montana..
Utah
.
Wyoming .
Far West ....
California, ....
Hawaii.........
Nevada .-..;..:
Oregon .;..:...
Washington .
24,969
24,310
25,142
25,086
25,877
22,894
24,958
20,185
22,596
26,127
24,969
26,314
25,598
26,514
23,920
26,451
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's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing
Rank in U.S.
1997
30
24
16
27
25
18,876
17,884
22,134
21,359
18,587
18,810
17,107
20,578
18,598
20,745
23,105
17,131
46
18
22
42
40
50
33
41
29
13
49
20,049
18,914
17,000
17,755
20,980
20,967
19,777
17,574
18,292
21,999
36
47
43
19
19,163
21,829
17,214
1.6,591
16,533
18,570
19,946
22,787
17,658
17,143
17,267
19,333
20,854
24,128
18,129
17,530
17,920
19,678
9
44
48
45
37
21,408
20,765
21,503
21,824
22,084
19,467
21,774
22,210
21,203
22,310
22,145
22,431
20,096
22,914
23,027
21,741
23,119
22,500
22,959
20,678
24,119
21
12
17
14
31
10
of the availability of source data. In particular, it differs from the NIPA estimate 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.
Source: Tables 1 and 2 in "State Personal Income, First Quarter 1999" in this issue of the
SURVEY.
D-67
D-68
August 1999
SURVEY OF CURRENT BUSINESS
• Regional Data
Table J.4.—Gross State Product for States and Regions by Industry, 1997
[Millions of dollars]
Rank of
State and region
state
product
Total
oss sta
' product
Agriculture,
forestry,
and fishing
Mining
Construction
8,103,234
466,857
134,565
30,156
221,009
38,106
27,806
15,214
1,523,401
31,585
41
52,372
153,797
294,055
651,652
339,940
131,745
120,515
3,445
899
460
1,284
263
210
329
310
36
19
156
45
15
39
15,771
4,351
1,356
7,161
1,282
959
663
8,905
273
16
1,304
1,502
2,689
3,121
1,295,671
393,532
161,701
272,607
320,506
147,325
Manufacturing
Transportation and Wholesale
public
trade
utilities
Retail
trade
Finance,
insurance,
and real
Services
Government
1,378,869
676,313
562,755
712,890
1,570,308
1,656,849
964,184
76,656
22,510
5,153
32,394
9,521
4,347
2,731
29,998
8,011
2,250
13,924
2,671
1,911
1,231
32,219
9,373
1,848
16,133
2,410
1,537
918
38,059
9,862
3,459
17,510
3,348
2,385
1,494
116,542
109,730
29,184
5,800
58,449
7,004
2,737
5
13
116
186
480
1,935
51,564
1,038
481
7,835
10,414
18,505
13,291
204,283
6,108
1,308
13,230
41,062
74,446
68,129
122,778
1,545
2,710
11,457
28,256
49,335
29,476
99,738
1,192
588
9,716
27,283
40,277
20,683
112,108
1,842
1,314
13,254
21,293
44,440
29,965
392,621
12,348
9,531
34,137
68,841
203,219
64,544
3,202
344,626
4,482
16,969
36,268
64,380
148,253
74,274
44,128
11,350
4,033
20,291
3,186
3,410
1,858
17,478
5,110
2,883
2,698
3,947
2,840
4,860
1,268
846
1,246
1,210
290
54,174
16,385
7,845
11,052
12,515
6,378
316,788
71,671
50,155
70,234
83,850
40,878
100,547
35,807
12,369
18,230
23,955
10,186
94,731
30,972
10,036
20,831
23,338
9,553
115,023
31,881
14,807
25,735
29,669
12,930
217,559
79,466
21,351
41,850
50,967
23,924
242,173
82,375
25,676
51,635
57,798
24,690
184,041
2,753
19,441
26,479
30,838
70,007
34,523
132,337
38,597
15,732
29,095
33,256
15,657
538,494
80,479
71,737
149,394
152,100
48,812
15,786
20,186
21,360
5,612
2,933
3,631
2,855
3,506
1,072
1,751
3,164
193
1,021
679
453
125
451
241
23,831
3,287
3,040
6,693
7,146
2,088
784
793
102,629
19,617
12,784
28,271
31,195
6,681
1,389
2,692
49,367
6,177
7,608
11,485
15,521
5,394
1,629
1,554
42,281
5,701
5,822
12,568
11,564
3,839
1,463
1,324
48,237
6,579
7,039
13,004
14,033
4,148
1,523
1,911
85,150
11,889
9,432
27,515
22,615
7,429
2,128
4,141
99,193
12,327
12,298
29,839
29,825
8,663
2,908
3,332
63,280
9,096
9,759
15,710
16,892
6,939
2,438
2,447
1,763,114
103,109
58,479
380,607
229,473
100,076
124,350
58,314
218,888
93,259
146,999
211,331
38,228
31,716
2,145
2,775
6,691
4,066
2,723
1,292
1,659
5,118
1,280
1,745
1,961
261
32,479
1,600
606
1,027
1,002
2,659
19,797
540
298
215
480
1,102
3,154
76,652
4,304
2,333
17,876
8,910
4,101
5,395
2,355
9,643
4,500
6,012
9,439
1,785
315,895
22,115
14,006
29,108
40,035
27,360
19,566
13,198
57,971
23,289
31,281
31,282
6,684
157,072
9,172
6,129
33,388
25,274
8,087
11,037
5,865
16,578
7,057
11,759
18,056
4,672
121,470
6,687
3,689
28,533
20,947
6,014
7,078
3,383
14,328
5,619
11,299
11,839
2,053
171,379
10,535
6,170
42,487
20,587
9,033
10,232
5,985
19,427
9,955
16,267
17,278
3,423
286,834
13,657
6,929
83,763
37,774
11,646
16,068
236,216
15,738
33,045
12,894
21,233
38,537
4,391
333,401
17,155
8,862
91,196
42,441
15,217
20,127
9,725
34,351
14,626
29,856
43,411
6,434
Southwest
Arizona ..
New Mexico
Oklahoma
Texas
844,766
121,239
45,242
76,642
601,643
13,481
1,934
897
2,085
8,565
52,354
1,300
3,271
4,087
43,695
37,222
6,937
2,046
2,377
25,861
133,678
17,815
7,887
13,015
94,961
84,895
9,047
3,280
7,523
65,044
60,142
8,095
1,981
4,697
45,369
76,363
12,574
4,137
7,664
51,987
126,830
23,531
6,207
9,587
87,505
157,507
24,974
7,791
13,514
111,227
102,294
15,031
7,745
12,090
67,428
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
247,372
126,084
29,149
19,160
55,417
17,561
5,924
2,147
1,730
1,019
612
416
11,026
2,708
273
880
1,654
5,512
13,354
6,910
1,669
965
3,132
679
31,372
14,480
5,809
1,486
8,601
25,517
13,762
2,492
2,241
4,709
2,312
15,282
8,223
1,838
1,241
3,383
595
24,137
12,229
2,961
1,956
5,791
1,201
39,172
21,885
3,644
2,593
9,119
1,930
48,933
27,850
4,860
3,773
10,735
1,715
32,656
15,891
3,873
3,005
7,682
2,205
1,423,561
24,494
1,033,016
38,024
57,407
98,367
172,253
29,436
314
21,633
463
427
2,473
4,127
13,585
5,169
6,381
26
1,568
124
317
56,236
1,007
34,883
1,640
4,978
5,173
8,555
197,569
1,134
146,173
1,213
2,608
24,666
21,776
106,140
3,822
72,301
3,904
4,333
6,943
14,837
96,892
713
71,177
1,493
2,809
7,727
12,974
127,584
1,673
91,300
4,332
5,553
8,175
16,550
305,601
2,795
237,282
8,503
10,773
14,903
31,344
321,285
3,029
236,925
8,413
18,670
17,030
37,219
169,233
4,838
114,962
8,036
5,688
11,154
24,554
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
Mjnnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast ...
Alabama ..
Arkansas .
Florida
Georgia ...
Kentucky .
Louisiana .
North Carolina.
South Carolina
Virginia
West Virginia.
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
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 domestically located office equipment. GSP and GDP also have different revision
5,779
53,708
8,377
6,941
2,749
46,538
28,439
13,239
13,758
8,705
28,130
13,824
17,067
38,426
5,371
schedules.
Source: Tables 6 and 7 in "Gross State Product by Industry, 1995-97" in the June 1999 issue of the SURVEY
OF CURRENT BUSINESS.
Regional Data •
SURVEY OF CURRENT BUSINESS
August 1999
D-69
K. Local Area Table,
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1995-97
Personal income
Area name
Millions of dollars
1995
2
United States
Metropolitan portion
Nonmetropolitan portion
1996
1997
1996-97
Rank in
U.S.
Dollars
1995
1996 1997
23,059 24,164 25,288
24,470 25,623 26,840
17,449 18,359 19,089
6,059,091 6,408,103 6,770,650
5,137,433 5,430,631 5,747,454
921,658 977,472 1,023,196
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
,..;
Columbia, MO
Columbia, SC
Columbus, GA-AL
Columbus, OH
Corpus Christi TX
Cumberland, MD-WV
Dallas TX*
Danville, VA
Davenport-Moline-Rock Island, IA-IL
Dayton-Springfield, OH
262,357
50,006
77,920
134,293
149,232
121,775
27,296
23,427
24,499
25,612
27,024
25,889
25,408
355,870
78,661
41,484
373,755
83,186
43,512
393,604
86,917
45,898
23,321 24,318 25,313
22,619 23,459 24,131
25,230 26,433 27,899
619,350
654,862
688,267
5.1
31,352 33,031 34,560
158,253
37,445
200,245
86,045
166,947
52,031
39,292
215,695
92,306
175,008
55,815
41,621
232,660
100,810
4.8
7.3
5.9
7.9
9.2
26,493
23,697
23,326
30,562
26,363
202,626
213,221
225,524
5.8
28,601
2,300
15,555
2163
20,787
14,064
2,389
14,328
2,453
4,171
2,424
16,229
2,296
21,444
14,759
2,456
15,045
2,578
4,343
7,162
2,566
17,079
2,381
22,217
15,466
2,532
15,835
2,677
4,576
7,475
5.9
5.2
3.7
3.6
4.8
3.1
5.3
3.8
5.4
4.4
18,800
22,856
18,586
23,606
21,324
18,861
23,438
18,597
20,457
27,845
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
14,369
2,024
7,601
4,363
2,588
87823
8,999
8,763
22,572
10,544
14,989
2,110
8,047
4,604
2,788
95,356
9,431
9,086
24,580
11,004
15,941
2,210
8,530
4,898
2,936
102,678
9,722
9,476
27,194
11,449
6.4
4.7
6.0
6.4
5.3
7.7
3.1
4.3
10.6
4.0
27,573
17,350
22,655
21,083
19,232
25,603
27,188
Baltimore, MD*
Bangor, ME (NEGMA)
:.........
Bamstable-Yarmouth, MA (NECMA)
Baton Rouge, LA
Beaumont-Port Arthur, TX
Bellingham, WA
..;
Benton Harbor, Ml
Bergen-Passaic, NJ*
Billings, MT
:
:
Biloxi-Gulfport-Pascagoula, MS ,
61,948
2,683
5,415
11,776
7,276
2,920
3,366
44,162
2,634
6,006
65,177
2,794
5,815
12,331
7,505
3,151
3,451
46,207
2,729
6,266
68,758
2,927
6,190
12,786
8,034
3,309
3,647
49,111
2,851
6,614
5.5
4.8
6.4
3.7
7.0
5.0
5.7
6.3
4.5
5.6
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*
5,208
20,268
1789
2,135
3,181
8,423
5,357
21,363
1,906
2,269
3,373
8,906
5,542
22,445
1,972
2,369
3,545
9,430
164,632
7,160
4200
4,517
174,335
7,641
4,510
4,756
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
3,641
2,065
26,422
4,298
8,433
1,562
4,294
3,361
9,397
5,597
Charlotte-Gastonia-Rock Hill, NC-SC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago, IL*
Chico-Paradise, CA
Cincinnati, OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
Cleveland-Lorain-Elyria, OH*
30,999
3,546
,.„
217,348
3,426
37,850
3,069
55,772
27,936
25,100
24,099
32,571
27,855
Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*
Dothan, AL
Dover, DE
Dubuque IA
Duluth-Superior, MN-WI
29,292
26,396
25,138
34,634
29,839
31,265
20,014
23,700
19,617
24,429
22,089
19,447
24,551
19,644
21,112
21,202
24,849
20,207
25,425
22,937
20,007
25,762
20,482
22,051
29,765
216
99
2,55
83
146
262
73
246
180
28
28,266
18,098
23,718
21,971
20,428
26,993
28,339
20,106
22,524 23,665
17,201 17,801
29,579
18,855
24,957
23,158
21,256
28,253
29,083
20,821
25,420
18,319
29.
292
91
140
214
36
33
236
84
297
25,157
18,582
27,199
20,956
19,413
19,589
20,839
33,425
21,162
17,594
26,399
19,418
28,758
21,786
20,062
20,694
21,415
34,795
21,737
18,350
27,770
20,425
30,199
22,408
21,453
21,438
3.5
5.1
3.5
4.4
5.1
5.9
20,251
22,640
20,103
18,544
22,944
23,349
21,147
23,858
21,151
19,587
24,172
23,901
22,123
24,898
21,711
20,316
25,200
24,567
177
93
192
251
87
108
185,340
8,212
4,787
5,053
6.3
7.5
6.1
6.2
28,612 30,124
29,702
19,492 20,508
20,006 20,597
31,808
31,393
21,285
21,580
15
17
211
201
3,850
2,190
27,200
4,554
8,727
1,616
4,541
3,554
9,855
5,844
4,095
2,384
28,031
4,758
9,086
1,710
4,830
3,703
10,472
6,046
6.4
8.9
3.1
4.5
4.1
5.8
6.4
4.2
6.3
3.5
11,967
15,749
22,382
22,911
20,968
24,487
23,979
20,118
17,857
22,011
23,184
24,023
21,668
25,390
25,251
21,144
18,851
22,992
12,357 12,857
17,963
24,099
24,876
22,571
26,866
26,641
21,962
19,601
23,850
315
301
118
97
161
56
58
186
279
124
33,285
3,755
9,902
1,726
229,112
3,614
39,973
3,245
58,108
35,792
3,958
10,387
1,793
242,155
3,809
42,382
3,410
60,841
7.5
5.4
4.9
3.9
5.7
5.4
6.0
5.1
4.7
24,083
24,930
21,279
21,224
27,978
17,795
23,855
16,351
24,999
25,237
25,996
22,268
21,925
29,260
18,813
25,059
16,715
26,046
62
55
138
150
21
274
63
306
49
36,769
22,647
19,211
26,480
27,029
23,195
22,815
30,717
19,715
26,373
17,248
27,314
248
25
168
207
208
157
5
159
Dutchess County, NY*
Eau Claire, Wl
El Paso, TX
Elkhart-Goshen, IN
Elmira, NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR .
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
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
1996
Per capita personal income»
Percent
change
Millions of dollars
1995
Colorado Springs, CO
29,981
25,855
26,733
28,709
30,099
27,419
28,225
248,253
47,149
74,337
123,121
64,674
143,074
112,366
Metropolitan Statistical Areas 3
Abilene, TX
:
Akron, OH*
Albany GA
Albany-Schenectady-Troy, NY ....
Albuquerque, NM
Alexandria, LA
,
Allentbwn-Bethlehem-Easton, PA
Altoona, PA
Amarillo, TX
....:,
Anchorage, AK
See footnotes at the end of the table.
28,555
24,574
25,495
27,023
28,483
26,374
26,566
71,327
113,904
60,179
139,276
105,523
235,526
Area name
1997
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
......
Personal income
Per capita personal income'
Percent
change
1997
1996-97
Rank in
U.S.
Dollars
1995
1996
1997
1997
9,748
10,514
11,270
7.2
20,978 22,263 23,493
131
2,618
10,429
5,021
33,904
6,830
1,715
80,161
1,928
7,632
21,960
2,779
11,121
5,331
35,336
7,235
1,788
86,962
1,987
8,056
22,576
2,915
11,820
5,700
37,471
7,639
1,874
95,191
2,082
8,541
23,685
6.3
6.9
6.0
5.6
4.8
9.5
4.8
6.0
4.9
21,232
21,259
18,468
23,706
18,045
17,027
27,081
17,609
21,359
22,918
22,106
22,344
19,624
24,502
18,933
17,859
28,637
18,193
22,561
23,607
22,797
23,435
20,929
25,728
19,781
18,919
30,481
19,126
23,906
24,877
152
134
232
75
269
291
22
288
123
96
8,300
2,764
2,512
50,303
10,522
115,080
2,492
2,308
1,832
4,708
2,874
2,665
54,103
11,167
118,194
2,559
2,507
1,931
4,950
9,341
3,003
2,753
58,471
11,830
123,417
2,668
2,550
2,016
5,167
5.4
4.5
3.3
8.1
5.9
4.4
4.3
1.7
4.4
4.4
18,492
19,814
21,629
27,553
24,883
26,009
18,589
19,094
20,746
19,794
19,489
20,458
23,126
29,055
26,102
26,506
19,073
20,611
21,849
20,839
20,187
21,202
24,107
30,743
27,403
27,619
19,869
20,776
22,874
21,723
256
216
117
20
45
44
267
239
149
191
6,404
2,720
9,431
3,781
1,825
1,091
5,670
6,117
6,290
3,315
6,776
2,878
9,895
3,873
1,906
1,143
5,925
6,544
6,643
3,608
7,144
3,035
10,504
3,998
1,968
1,222
6,140
6,920
6,942
3,746
5.4
5.5
6.2
3.2
3.3
6.9
3.6
5.7
4.5
3.8
24,522
19,132
14,037
22,718
19,423
20,326
20,201
21,906
20,264
25,805
20,155
14,600
22,969
20,459
20,092
21,285
21,358
23,051
21,876
27,085
21,154
15,216
23,423
21,312
21,474
22,120
22,231
24,010
22,466
54
219
312
135
210
205
179
173
121
166
5,209
5,053
1,939
9,827
2,544
2,280
4,810
36,123
8,749
6,681
5,461
5,413
2,076
9,891
2,636
2,426
5,259
38,534
9,303
7,211
5,742
5,799
2,178
9,875
2,715
2,566
5,613
40,743
9,863
7,607
5.1
7.1
4.9
-.2
3.0
5.8
6.7
5.7
6.0
5.5
18,314
19,923
16,663
22,647
18,729
18,617
22,174
25,561
23,372
23,804
19,240
20,704
17,585
22,720
19,295
19,697
23,750
26,752
24,510
25,209
20,219
21,655
18,184
22,685
19,800
20,622
24,852
27,661
25,568
26,135
253
198
298
158
268
242
98
43
78
3,403
3,176
33,743
15,106
1,814
3,876
5,014
13,236
2,317
3,563
3,511
11,288
36,159
15,850
1,884
4,095
5,269
13,943
2,410
3,772
3,736
11,886
39,102
16,367
1,984
4,313
5,514
14,689
2,484
5.9
6.4
5.3
8.1
3.3
5.3
5.3
4.6
5.4
3.1
18,061
19,453
23,072
22,689
17,959
17,465
19,871
21,164
21,363
18,961
18,648
21,200
23,805
23,798
18,573
18,341
20,844
21,986
22,460
19,754
19,570
22,274
24,891
25,150
18,958
19,126
21,822
22,737
23,593
20,386
280
171
94
88
290
155
128
250
17,640
19,206
19,644
23,812
20,538
19,369
24,512
GtOidsboro NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Muskegon-Holland, Ml
Great Falls, MT
Greeley, CO*
Green Bay, Wl
Greensboro-Winston-Salem-High
Point, NC
Greenville, NC
Greenville-Spartanburg-Anderson, SC
1,854
1,998
22,907
1,602
2,715
4,917
1,971
1,985
2,125
24,185
1,659
2,930
5,208
2,085
1,991
2,276
25,653
1,710
3,117
5,476
5.8
.3
7.1
6.1
3.1
6.4
5.1
16,877
17,854
18,853
22,857
19,824
18,355
23,400
18,611
19,657
20,593
24,960
21,630
20,038
25,559
295
275
243
90
199
260
79
26,142
2,312
17,912
27,734
2,449
18,870
29,344
2,620
19,921
5.8
7.0
5.6
23,277 24,348 25,441
19,268 20,103 21,117
20,304 21,081 21,972
82
220
185
Hagerstown, MD*
Hamilton-Middletown, OH*
Harrisburg-Lebanon-Carlisle, PA
Hartford, CT (NECMA)
Hatttesburg, MS
Hickory-Morganton-Lenoir, NC
Honolulu, HI
Houma, LA
Houston TX*
Huntington-Ashland, WV-KY-OH
2,396
6,809
14,369
32,012
1,749
6,230
23,078
3,085
96,308
5,462
2,537
7,176
15,247
33,500
1,852
6,547
23,296
3,315
102,587
5,644
2,661
7,624
15,923
35,453
23,836
3,663
111,475
5,876
4.9
6.2
4.4
5.8
5.8
5.4
2.3
105
8.7
4.1
18,890 19,953 20,800
21,305 22,181 23,309
23,525 24,850
30,268 32,035
16,523 17,164
20,094 20,839 21,664
26,434 26,681 27,259
16,414 17,510 19,146
26,024 27,211 28,977
17,272 17,870 18,652
238
137
72
14
302
195
50
287
34
294
Huntsville, AL
Indianapolis, IN
Iowa City, IA
Jackson, Ml
Jackson, MS
Jackson, TN
Jacksonville, FL....
Jacksonville, NC...
Jamestown, NY ....
Janesville-Beloit, Wl
7,118
36,252
2,251
3,030
8,533
1,946
22,147
2,153
2,538
3,228
7,407
37,939
2,385
3,119
8,973
2,051
23,821
2,261
2,616
3,301
7,824
40,111
2,510
3,271
9,456
2,186
25,465
2,421
2,689
3,444
5.6
5.7
5.2
4.9
5.4
6.6
6.9
7.1
2.8
4.3
21,706
24,602
22,258
19,754
20,544
20,016
22,601
15,113
17,985
21,799
23,459
26,662
24,628
21,057
22,227
21,988
24,751
16,900
19,260
22,915
133
57
105
222
174
183
101
308
285
148
Jersey City, NJ* ...
Johnson City-Kingsport-Bristol, TN-VA
Johnstown, PA
12,824
8,412
4,321
13,369
8,851
4,500
13,831
9,152
4,645
3.5
3.4
3.2
23,282 24,233 24,943
18,559 19,378
17,987 18,819 19,528
92
266
281
22,413
25,475
23,523
20,197
21,288
20,862
23,614
15,817
18,579
22,024
D-70
• Regional Data
SURVEY OF CURRENT BUSINESS
August 1999
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1995-97—Continued
Per capita personal income'
Personal income
Area name
Percent
change
Millions of dollars
1995
1996
1997
Jonesboro, AR
Joplin, MO
Kalamazoo-Battle Creek, Ml
Kankakee, IL*
Kansas City, MO-KS
Kenosha Wl*
Killeen-Temple, TX
1,328
2,717
9,639
2,007
40,847
2,936
4,819
1,404
2,872
10,057
2,124
43,133
3,073
5,074
1,487
3,065
10,438
2,211
45,714
3,302
5,348
5.9
6.7
3.8
4.1
6.0
7.5
5.4
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
13,738
2,370
2,509
6,424
3,291
3,359
8,133
10,107
9,541
1,993
14,260
2,336
2,643
6,911
3,393
3,547
8,643
10,726
9,835
2,158
Las Cruces, NM
Las Vegas, NV-AZ
Lawrence, KS
Lawton OK
Lewiston-Aubum, ME (NECMA)
Lexington, KY
Lima, OH
Lincoln, NE
Little Rock-North Little Rock, AR
Longview-Marshall, TX
2,254
26,458
1,603
1,882
1,979
9,650
3,069
5,058
11,717
3,852
1996-97
Dollars
1995
1996
1997
17,867
18,924
21,820
19,828
24,233
21,082
16,563
18,581
19,724
22,693
20,925
25,450
21,743
17,059
19,456
20,817
23,481
21,677
26,627
23,124
17,861
283
237
132
194
59
142
303
14,888
2,412
2,770
7,453
3,582
3,747
9,207
11,207
10,208
2,357
4.4 21,482 22,004 22,745
3.3 23,780 23,287 24,061
4.8 20,812 21,812 22,815
7.8 17,627 18,783 20,031
5.6 19,386 19,841 20,880
5.6 19,109 19,906 20,901
6.5 18,699 19,649 20,625
4.5 22,600 23,816 24,694
3.8 21,026 21,907 22,691
9.2 11,696 12,332 12,999
154
119
150
261
235
234
241
102
156
314
2,370
29,423
1,695
1,932
2,067
10,275
3,129
5,429
12,446
4,105
2,482
31,876
1,820
1,993
2,120
11,033
3,248
5,752
13,089
4,374
4.7
8.3
7.4
3.2
2.6
7.4
3.8
5.9
5.2
6.6
14,194
23,245
18,161
16,323
19,292
22,237
19,744
22,081
21,629
18,941
14,564
24,575
18,896
16,801
20,329
23,374
20,142
23,482
22,726
19,939
14,923
25,250
19,976
17,487
20,939
24,838
20,997
24,602
23,707
21,025
313
86
264
304
230
100
227
106
125
224
213,656
22,950
4,571
4,087
6,183
10,339
3,328
5,265
3,325
9,265
223,742
24,043
4,853
4,261
6,583
10,958
3,456
5,660
3,553
9,765
234,469
25,353
5,082
4,465
6,884
11,550
3,619
6,058
3,744
10,342
4.8
5.4
4.7
4.8
4.6
5.4
4.7
7.0
5.4
5.9
23,662
23,317
19,757
20,037
20,039
25,254
18,993
11,044
20,109
20,609
24,706
24,307
20,980
20,729
21,114
26,379
19,719
11,548
21,120
21,531
25,719
25,493
22,032
21,543
21,770
27,361
20,673
12,005
21,933
22,505
76
80
181
202
190
47
240
316
187
164
Memphis, TN-AR-MS
Merced, CA
Miami FL*
Middlesex-Somerset-Hunterdon, NJ*
Milwaukee-Waukesha, Wl*
Minneapolis-St. Paul, MN-WI
Missoula MT
Mobile, AL
Modesto, CA
Monmouth-Ocean, NJ*
25,271
2,987
42,538
34,966
37,232
74,448
1,734
9,498
7,310
29,420
26,569
3,269
44,653
37,105
39,023
79,350
1,831
10,064
7,762
31,048
28,043
3,394
46,174
39,514
41,131
84,193
1,910
10,604
8,238
32,680
5.5
3.8
3.4
6.5
5.4
6.1
4.3
5.4
6.1
5.3
23,746
15,546
20,605
32,461
25,492
27,315
19,850
18,415
17,879
28,000
24,725
17,113
21,207
34,027
26,695
28,739
20,735
19,327
18,768
29,148
25,905
17,485
21,688
35,734
28,176
30,123
21,496
20,119
19,650
30,275
71
305
193
8
37
26
204
257
276
23
Monroe, LA
Montgomery, AL
2,706
6,549
2,389
3,056
5,934
27,528
84,441
2,856
6,872
2,438
3,326
6,503
28,986
89,022
2,899
7,185
2,527
3,591
6,969
31,057
92,861
1.5
4.6
3.7
8.0
7.2
7.1
4.3
18,474
20,867
20,131
19,380
32,836
25,205
31,890
19,466
21,716
20,635
20,301
35,001
25,995
33,542
19,723
22,498
21,504
21,185
36,210
27,324
34,902
271
165
203
218
7
48
10
58,754
6,552
27,906
62,869
6,840
28,837
66,562
7,084
30,281
5.9
3.6
5.0
36,233 38,727 40,928
26,270 27,441 28,466
21,293 22,038 23,148
2
35
141
New York, NY*
Newark, NJ*
Newburgh, NY-PA*
Norfolk-Virginia Beach-Newport News,
VA-NC
Z
Oakland CA*
Ocala, FL
Odessa-Midland, TX
Oklahoma City, OK
Olympia, WA*
Omaha, NE-IA
268,292
61,710
7,682
284,422
64,847
8,028
298,085
68,094
8,314
4.8
5.0
3.6
31,189 32,991 34,459
31,906 33,455 35,038
21,446 22,198 22,753
11
9
153
31,034
62,115
4,052
5,063
20,341
4,204
15,878
32,448
66,771
4,358
5,366
21,381
4,453
17,086
33,958
71,260
4,652
5,887
22,335
4,719
18,267
4.7
6.7
6.7
9.7
4.5
6.0
6.9
20,255
28,061
17,986
21,414
20,086
21,874
23,711
21,125
29,846
18,930
22,488
20,927
22,665
25,127
21,983
31,338
19,723
24,386
21,659
23,607
26,570
184
18
271
111
197
127
60
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
70,598
29,398
1,725
2,541
2,963
6,810
7,659
131,272
58,249
1,381
75,099
31,780
1,802
2,830
3,081
7,380
8,071
138,525
63,395
1,435
80,214
34,194
1,910
2,985
3,203
7,802
8,495
144,970
68,597
1,488
6.8
7:6
6.0
5.5
4.0
5.7
5.3
4.7
8.2
3.7
27,447
21,171
19,058
17,914
19,558
18,060
22,219
26,505
21,887
16,538
28,811
22,360
19,866
19,569
20,370
19,189
23,398
27,994
23,025
17,323
30,115
23,373
21,018
20,392
21,252
19,759
24,650
29,347
24,137
18,109
27
136
225
249
215
270
104
31
116
300
56,561
3,289
1,247
6,196
41,933
59,485
3,464
1,318
6,591
45,559
61,928
3,643
1,376
7,049
49,019
4.1
5.2
4.4
6.9
7.6
23,703
24,386
17,063
25,056
24,489
25,054
25,781
17,938
26,409
25,970
26,243
27,200
18,596
28,044
27,388
65
52
296
38
46
21,200
4,750
2,396
2,567
4,252
21,913
5,138
2,519
2,764
4,489
23,054
5,456
2,689
2,895
4,767
5.2
6.2
6.7
4.7
6.2
23,380
14,821
18,529
19,941
23,151
24,205
15,996
19,252
21,229
24,349
25,493
16,567
20,274
21,861
25,711
80
310
252
188
77
Los Angeles-Long Beach, CA*
as?a vA
Lubbock 'TX
..""
...
Madison, Wl
Mansfield, OH
McAllen-Edinburg-Mission, TX
Medford-Ashland, OR
Melboume-Titusville-Patm Bay, FL
Myrtle Beach SC 7..
Naples, Fl
Nashville, TN
Nassau-Suffolk, NY*
New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT*
New London-Norwich, CT (NECMA)
New Orleans, LA
Pittsburgh PA
Pittsfield, MA (NECMA)
Pocatello ID
Portland, ME (NECMA)
Portland-Vancouver, OR-WA*
Providence-Warwick-Pawtucket, Rl
(NECMA)
Provo-Orem, LIT
Pueblo CO
Punta Gorda FL
Racine, Wl*
!..
Area name
1997
1. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for
1995-97 reflect county population estimates available as of March 1999.
2. 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's) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from
the NIPA estimate because, by definition, it omits the earnings of Federal civilan and military personnel stationed
Per capita personal income'
Personal income
Rank in
U.S.
Percent
change
Millions of dollars
Rank in
U.S.
Dollars
1997
1995
1996
1997
1995
1996
1997
Raleigh-Durham-Chapel Hill, NC
Rapid City, SD
Reading, PA
Redding, CA
Reno, NV
Richland-Kennewick-Pasco, WA
Richmond-Petersburg, VA
Riverside-San Bernardino, CA*
Roanoke, VA
Rochester, MN
24,621
1,720
8,339
3,095
8,064
3,681
23,575
54,153
5,476
2,752
26,671
1,770
8,761
3,202
8,747
3,780
24,857
56,769
5,730
2,945
29,107
1,852
9,220
3,341
9,262
3,876
26,312
59,748
5,977
3,119
9.1
4.6
5.2
4.3
5.9
2.5
5.9
5.2
4.3
5.9
24,798
19,760
23,813
19,283
27,761
20,650
25,429
18,335
24,003
24,466
26,101
20,383
24,893
19,843
29,284
21,120
26,553
18,949
25,085
26,044
27,711
21,270
26,051
20,539
30,214
21,417
27,797
19,604
26,182
27,233
42
212
69
244
24
209
40
278
66
51
Rochester, NY
Rockford, IL
Rocky Mount, NC
Sacramento, CA*
Saginaw-Bay City-Midland, Ml
St. Cloud, MN
St. Joseph, MO
a Louis, MO-IL
Salem, OR*
Salinas, CA
26,383
7,839
2,618
34,184
8,840
2,888
1,855
63,014
6,055
8,357
27,410
8,165
2,809
35,895
9,103
3,081
1,947
65,847
6,471
8,631
28,374
8,528
2,937
38,101
9,485
3,164
2,035
69,547
6,796
9,227
3.5
4.4
4.6
6.1
4.2
2.7
4.5
5.6
5.0
6.9
24,310
22,432
18,414
23,452
21,969
18,230
19,056
24,785
19,362
24,394
25,247
23,128
19,554
24,236
22,604
19,285
20,059
25,824
20,310
24,890
26,170
24,024
20,214
25,335
23,570
19,627
20,939
27,177
20,927
25,747
67
120
254
85
129
277
230
53
233
74
Salt Lake Citv-Ogden, UT
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 Maria-Lompoc,
24,016
1,930
29,796
60,432
60,217
50,602
25,953
2,027
31,526
63,908
64,159
55,607
27,849
2,146
33,716
67,998
68,671
61,345
7.3
5.9
6.9
6.4
7.0
10.3
19,802
19,053
20,474
22,882
36,668
32,289
21,121
19,898
21,276
23,903
38,813
34,880
22,264
20,968
22,379
24,965
41,128
37,856
172
228
169
89
1
4
4,575
4,897
5,223
6.7
20,244 21,412 22,568
162
9,685
6,117
3,351
10,197
6,535
3,495
10,760
7,010
3,680
5.5
7.3
5.3
25,401 26,675 27,839
26,059 27,733 29,406
24,765 25,507 26,319
39
30
64
Santa Rosa, CA*
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
10,632
15,134
5,884
12,754
63,953
2,227
2,437
1,869
7,554
2,456
11,447
16,109
6,280
13,309
68,967
2,342
2,539
2,017
7,782
2,646
12,439
17,020
6,544
13,770
76,064
2,435
2,637
2,135
8,064
2,730
8.7
5.7
4.2
3.5
4.0
3.9
5.9
3.6
3.2
25,636
28,918
21,109
20,199
29,088
18,256
22,456
19,069
19,953
20,436
27,295
30,460
22,363
21,228
30,916
19,162
23,215
20,144
20,532
21,905
29,188
31,792
23,054
22,177
33,373
19,950
24,009
21,006
21,259
22,633
32
16
143
176
13
265
122
226
213
160
Sioux Falls, SD
South Bend, IN
Spokane, WA
Springfield, IL
Springfield, MO
Springfield, MA (NECMA)
State College, PA
Steubenville-Weirton, OH-WV
Stockton-Lodi, CA
Sumter, SC
3,669
5,697
8,219
4,536
6,019
13,307
2,499
2,492
9,764
1,624
3,955
5,841
8,604
4,814
6,328
13,812
2,651
2,561
10,252
1,719
4,203
6,074
9,037
5,031
6,686
14,496
2,793
2,564
10,854
1,800
6.3
4.0
5.0
4.5
5.7
5.0
5.4
.1
5.9
4.7
23,417
22,214
20,478
22,339
20,481
22,461
19,185
17,887
18,646
15,225
24,797
22,693
21,300
23,616
21,314
23,397
20,070
18,539
19,286
16,070
26,030
23,537
22,293
24,679
22,206
24,576
21,028
18,794
20,092
16,883
70
130
170
103
175
107
223
293
259
Syracuse, NY
Tacoma, WA*
Tallahassee, FL
Tampa-St. Petersburg-Clearwater, FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo, OH
Topeka, KS
Trenton, NJ*
Tucson, AZ
15,978
13,372
5,111
48,799
2,771
2,212
13,881
3,728
10,696
14,616
16,411
14,130
5,419
51,926
2,829
2,336
14,291
3,896
11,169
15,627
16,949
14,973
5,730
55,356
2,895
2,469
14,850
4,027
12,070
16,409
3.3
6.0
5.7
6.6
2.3
5.7
3.9
3.4
8.1
5.0
21,363
20,658
19,902
22,440
18,513
18,035
22,727
22,637
32,483
19,375
22,069
21,551
21,002
23,654
18,914
18,918
23,422
23,652
33,893
20,375
22,952
22,511
22,032
24,879
19,458
19,990
24,315
24,364
36,598
21,068
145
163
181
95
282
263
113
112
6
221
Tulsa, OK
Tuscaloosa AL
Tyler TX
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura CA*
Victoria, TX
Vineland-Millville-Bridgeton, NJ*
Visalia-Tulare-Porterville, CA
16,334
2,992
3,425
5,966
10,562
17,463
1,675
2,859
5,508
3,750
17,309
3,127
3,685
6,061
11,174
18,145
1,793
2,918
5,802
3,915
18,511
3,299
3,943
6,239
11,935
19,173
1,888
3,054
5,998
4,139
6.9
5.5
7.0
2.9
6.8
5.7
5.3
4.7
3.4
5.7
21,921
18,884
21,209
19,394
22,023
24,804
20,799
20,227
15,985
18,896
22,956
19,692
22,432
20,121
23,143
25,518
21,989
20,662
16,740
19,467
24,206
20,514
23,696
20,944
24,406
26,563
23,036
21,663
17,116
20,446
114
245
126
229
110
61
144
196
307
247
138,283
2,484
2,479
34,157
2,868
11,502
2,676
2,208
15,123
4,040
145,507
2,583
2,644
37,065
2,988
12,177
2,791
2,299
16,073
4,388
154,105
2,730
2,806
39,269
3,040
13,028
2,944
2,377
17,262
4,710
5.9
5.7
6.1
5.9
1.7
7.0
5.5
3.4
7.4
7.3
30,761
20,257
20,543
35,078
18,346
22,137
19,804
18,441
27,582
20,175
31,981
21,127
21,775
37,375
19,246
23,168
20,295
19,343
29,033
21,228
33,433
22,456
22,937
38,772
19,722
24,434
21,458
20,111
30,851
22,122
12
167
146
3
273
109
206
258
19
178
3,846
3,262
8,172
12,122
2,330
2,057
4,101
3,396
8,581
12,390
2,417
1t938
4,179
3,519
8,953
12,855
2,485
2,019
1.9
3.6
4.3
3.8
2.8
4.2
18,150
22,086
22,408
20,215
17,217
16,889
19,154
22,735
23,305
20,736
17,748
15,511
19,367
23,188
24,138
21,621
18,183
15,629
284
139
115
200
299
311
Santa C^-iSSsoiiSlte"'CA:"»»"""".-
Santa Fe, NM
Waco, TX
Washington, DC-MD-VA-WV*
Waterloo-Cedar Falls, IA
Wausau, Wl
West Palm Beach-Boca Raton, FL ...
Wheeling, WV-OH
Wichita KS
Wichita Falls, TX
Williamsport, PA
Wilmington-Newark, DE-MD*
Wilmington, NC
Yakima, WA
Yolo, CA*
York, PA
Youngstown-Warren, OH
Yuba City, CA
Yuma, AZ
1996-97
10.3
309
abroad and of U.S. residents employed abroad temporarily by private U.S. firms.
3. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT
NECMA is presented as a PMSA (part of the New York CMSA).
Source: Table 1 in "Local Area Personal Income, 1982-97" in the May 1999 issue of the SURVEY OF CURRENT
BUSINESS.
August 1999
Regional Data • D-71
SURVEY OF CURRENT BUSINESS
L. Charts-
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. PERSONAL INCOME BY REGION
^—1969
^ \ ^
\
Great Laic..
20.8%
^ ^ ^ • B A
I
.
Plains \
7.5% \
Southeast
17.3%
^ ^ B
1 Y
New England
Plains
6.6%
e,%
^^^^^^^H
^ ^ ^ ^ ^ H
New England
6.0%
1
AT
/
Southeast
21.9%
\
H \x
Rock
^ ^ ^ H _ - ^ - ^ ^
Southwest
7.0%
1998
\ ^ Mideast
\ 19.2%
.___^ggM
^
^ ^ M
———.
Great Lake-.
16.2%
Mideast
23.6%
\
Rocky Mountain
3.0%
Southwest
9.9%
y Mountain
2.2%
Far West
17.3%
/
SHARES OF U.S. GROSS STATE PRODUCT BY REGION
>77
Great Lakes
19.6%
\
X
Great Lakes
16.0%
/
Mideast
20.1%
X.
\
/
A-
^ ^ ^ ^ H ^ New England
—-^
Plains
7.5%
flBBBA
/
Southeast
19.7%
Plains
6.6%
5 2%
m
I
-
Southwest
9.3%
_ _ ^ ^ ^ B B B New England
^ ^ ^ • ^ • ^ ^ H 5.8%
f
Southeast
21.8%
^
^
Mideast
18.8%
Rocky Mountain
2.8%
Southwest
10.4%
V
I
\ \
\ \
/
/ F a r West
17.6%
——"^Rocky Mountain
3.1%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-98
STATES WITH FASTEST GROWTH
U
'S'^%96
STATES WITH SLOWEST GROWTH
Nevada
| ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ H
Arizona
H ^ ^ | ^ ^ | ^ ^ | ^ ^ | ^ ^ | ^ ^ |
Florida B ^ B ^ B ^ ^ B ^ | B B B |
Colorado ^ ^ ^ ^ ^ ^ ^ ^ B ^ ^ B B B ^ ^ B
Utah B^BBBBWBWWi
Georga
i H^IB^||BHIBII|
Texas H | H H I ^ | I B f l l B | ^
^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ B
1
1
1
1
1
4
5
6
7
8
9
Percent
U.S. Department of Commerce, Bureau of Economic Analysis
Indiana
North Dakota
Rhode Island
Illinois
| | | | | | H I
^BB^BB^BBJ
^BB^BB^BBJ
^BB^BB^BB
West Virginia
H ^ ^ | ^ ^ ^ | |
9 8
Pennsylvania ^ B B B f l B f l B l
Michigan B I ^ B B ^ B ^ ^ B
New Hampshire ^ ^ ^ B B B B B B B B B B B I
North Carolina P B I f l l ^ l l l B f l B V H
New Mexico
^sloT
New York
B B B B J ^ B
Oho
i BBBBIBB
Iowa ^BflBflBBI
10
11
12
4
5
6
7
8
Percent
9
10
11
12
D-72
• Regional Data
August 1999
SURVEY OF CURRENT BUSINESS
SELECTED REGIONAL ESTIMATES
PER CAPITA PERSONAL INCOME.1998
NH
VT
$29,219
$24,217
NJ
• CT
$33,953
$37,700
United States $26,482
|
| States with highest levels
States with lowest levels
All other States
PERSONAL INCOME: PERCENT CHANGE, 1998:1V-1999:1
NH 0.7
WA 1 0
MT 0 6
VT 1.2 .
-0-7
MN 04
.
A
~>\
/t/^M
OR 1.4
I Wl 0.9 *f r
SO-02
\
NV 1.5
\
CO 1.0
91.7
KS 0.6
V ^ — t ~ "
OH 0.9
J
\
UT 1.5
J
\
IL 0.7
IN
I MO1\
°
/~TN1-5
OK 0.9
AR 0.5 f
NM 1.2
—vL
\
\
AL 0.9 \
X
>
GA 1.6
/
United States 1.2%
~^] States with largest percent change
Rl 1.2
CT 1.6
/ — N J 1.5
.
< VA 1.1 ^V
— ^ ^ ^
NC 1.5 : &]
f^—
<± ,
U.S. Department of Commerce, Bureau of Economic Analysis
MA
~~ DE 0.0
.(%
'
/ MS
S 0.8
TX 1.5
L
\h^*j^
2
AZ 1.0
y- ^ ^ ^ Q \
• ^
RA 1.1 >
l
/
ln.s k
Y
f~~m i.7
( (\ MI 1.*°\
0 j
\
IA-0.2
NE -0.4
5
^2
States with smallest percent change
•
All other States
MD1.5
DC 1.6
o
August 1999
SURVEY OF CURRENT BUSINESS
Appendixes •
Appendix A
Additional Information About BEA'S NIPA Estimates
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, die 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 quantities 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
(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.
BEA also publishes the "implicit price deflator"
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 dose.
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:
(IPD),
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-73
D-74
• Appendixes
SURVEY OF CURRENT BUSINESS
August 1999
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
1997
BEA-derived compensation per hour of all persons in the nonfarm business sector (less
housina)1
•• W H H I I i g ;
Less: Contribution of supplements to wages and salaries per hour
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid
family workers, and self-employed
Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm
sector
1998
1999
3.5
4.2
4.7
4.1
3.9
4.0
4.4
5.6
-.5
-.3
-.2
-.3
-.2
-.6
.2
-.1
-.2
.1
.1
-.2
-.1
.1
-.1
-.3
-.1
-.5
.1
4.5
4.6
5.6
4.0
4.4
4.6
4.8
4.1
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
.2
-.2
.4
.4
.2
0
.2
.4
Less: Other differences2
.1
.4
-.4
0
.1
1.3
.4
1.7
Equals: BLS average hourly earnings of production or nonsupervisory workers on private
nonfarm payrolls
3.7
4.2
4.6
4.3
3.7
3.2
4.0
3.5
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector3
3.5
4.2
4.6
3.9
4.1
3.8
4.4
5.1
p Preliminary.
1. Includes BLS data on compensation and hours of nonfarm proprietors and hours worked
of unpaid family workers.
2. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmark procedures; quarterly estimates also include
differences in seasonal adjustment procedures.
3. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing.
NOTE.-This table incorporates the March 1998 benchmark of the BLS current establishment
survey.
Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the NIPA's to Balance on
Goods, Services, and Income in the BPA's
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1997
1998
1997
1998
1999
III
IV
1,197.2
1,192.2
1,215.5
1,209.2
1,193.9
1,166.0
1,199.9
1,184.9
Less: Gold, BPA's
Statistical differencesl
Other items
5.7
18.4
.8
5.5
18.4
.8
3.4
16.7
.8
5.3
18.0
.7
4.4
28.2
.6
5.2
19.3
7.1
8.2
1.2
2.9
8.2
.9
Plus: Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Services furnished without payment by financial intermediaries except life
insurance carriers and private noninsured pension plans
4.5
37.0
5.0
38.0
5.2
37.9
4.1
37.0
4.9
37.2
5.2
37.4
5.7
40.5
4.7
41.1
Exports of goods, services, and income, BPA's
17.1
17.6
17.3
17.3
17.6
17.8
17.9
18.2
Equals: Exports of goods and services and receipts of factor income, NIPA's
1,230.9
1,228.1
1,254.9
1,243.6
1,220.2
1,201.2
1,247.5
1,237.0
Imports of goods, services, and income, BPA's
1,298.7
1,368.7
1,329.3
1,341.5
1,363.9
1,376.7
1,392.7
1,418.8
6.6
4.4
0
6.5
10.7
0
3.8
-.3
0
6.7
-1.8
0
5.5
8.2
0
7.3
23.1
0
6.6
13.6
0
3.2
13.6
0
^.5
4.5
26.5
17.1
-2.9
5.0
28.6
17.6
-4.3
5.2
28.3
17.3
-3.2
4.1
27.4
17.3
-3.0
4.9
28.5
17.6
-2.8
5.2
27.1
17.8
-2.9
5.7
31.6
17.9
-2.1
4.7
31.3
18.2
1,332.3
1,399.8
1,373.3
1,382.2
1,398.2
1,393.7
1,424.9
1,454.2
-113.8
-132.3
-170.0
-210.7
-192.8
-233.9
i/o
-4.6
19.8
.7
-4.1
20.0
.6
^.9
-3.8
.8
-2.4
-5.4
1.2
-2.4
-5.4
.9
8.7
10.3
8.9
9.8
-178.0
-192.5
-177.4
-217.2
Less: Gold, BPA's
Statistical differencesl
Other items
Plus: Gold, NIPA's
Adjustment for grossing of parent/affiliate interest payments .
Adjustment for U.S. territories and Puerto Rico
Imputed interest paid to rest of world
Equals: Imports of goods and services and payments of factor income,
NIPA'
17
-101.5
-176.5
Less: Gold (2-10+13)
Statistical differences (3-11) >
Other items (4-12)
-4.4
14.0
.8
-3.9
7.7
.8
Plus: Adjustment for U.S. territories and Puerto Rico (6-15)
10.5
9.4
Balance on goods, services, and income, BPA's ( 1 - 9 ) ,
.8
9.6
9.6
Equals: Net exports of goods and services and net receipts of factor income,
NIPA's (8-17)
!..
1. Consists of statistical revisions in the BPA's that have not yet been incorporated into the
NIPA's (1997:1-1999:1).
23
-101.4
-171.7
-118.4
-138.6
BPA's Balance of payments accounts
NIPA's National income and product accounts
August 1999
Appendixes •
SURVEY OF CURRENT BUSINESS
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 arid 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 was published in the August 1998
issue, describes the annual NIPA revisions and the
improvements in methodology.
"A Preview of the 1999 Comprehensive Revision of
the National Income and Product Accounts: Definitional and Classificational Changes" (August 1999) is
the first in a series of SURVEY articles that describe the
upcoming 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 die 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 of the Quarterly and Annual Estimates
of GDP and Gross Domestic Income" (December 1998
SURVEY) evaluates the reliability of these estimates by
examining the record of revisions to them.
Availability
Most of the items listed here are available on BEA'S
Web site at <www.bea.doc.gov>. In addition, see the
BEA Catalog of Products for the availability of printed
publications. The Catalog 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-75
D-76 • Appendixes
SURVEY OF CURRENT BUSINESS
August 1999
Wealth and related estimates
Direct investment
"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.
International Direct Investment: Studies by the Bureau
of Economic Analysis (1999) presents a collection of
previously published studies on U.S. direct investment
abroad and foreign direct investment in the United
States. In addition, it includes the following guides to
BEA'S statistics and methodologies used to prepare the
estimates.
"Methodology for U.S. Direct Investment Abroad"
(U.S. Direct Investment Abroad: 1994 Benchmark
Survey, Final Results (1998))
"A Guide to BEA Statistics on U.S. Multinational
Companies" (March 1995 SURVEY)
"Methodology for Foreign Direct Investment in
the United States" (Foreign Direct Investment in
the United States: 1992 Benchmark Survey, Final
Results (1995))
"A Guide to BEA Statistics on Foreign Direct Investment in the United States" (February 1990
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) and "Gross Product by Industry,
1995-97" (November 1998 SURVEY) present the most
recent revisions to the estimates of gross product by
industry and briefly describe 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 1999 issue, describes
the annual BPA revisions and the improvements in
methodology.
SURVEY)
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, 1929-97 (1999) includes a description of the methodology used to prepare the
estimates of State personal income. [Also available on
the CD-ROM State Personal Income, 1929-97]
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, 1969-97]
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) and "Gross State Product by Industry, 1995-97" (June 1999 SURVEY) present the most
recent revisions to the estimates of gross state product by industry and briefly describe changes in
methodology. ^
Getting BEA's Estimates
Estimates and related information are available in news releases and publications
and on diskettes, CD-ROM's, and the BEA Web site, Our online Catalog of Products
provides product descriptions and includes links to compressed files of our diskette
products that can be downloaded for free.
Our most recent Web site postings and statistical products are listed below.
www.bea.doc.gov
August 1999 Survey of Current Business
Click on "Survey of Current Business and other BEA
Publications," and look under "Table of contents."
Selected NIPA Tables, Second Quarter 1999
(Advance)
Click on "GDP and related data," and look under
"More comprehensive estimates."
State Personal Income, First Quarter 1999
Under "Regional," click on "Data," and look for
"State personal income."
U.S. International Transactions, First Quarter 1999
Under "International," click on "Data," and look
under "Balance of payments "
Diskettes and CD-ROM's
USDIA: Balance of Payments and Direct Investment
Position Estimates, 19S2-98 (Diskette* IDN-0241, $20.00)
Contains annual estimates of the U.S. direct
investment postion abroad and of balance of
payments transactions between U.S. parents and
their foreign affiliates.
Quarterly State Personal Income, 1969:1-1999:1
(Diskette, RDN-0240, $20,00) Contains quarterly
estimates of State personal income. Includes software
with context-sensitive help menus that allow the user
to display, print, or export standard tables.
U.S. International Transactions, Historical Series
(Diskette, IDN-0237, $20.00)
Contains annual and quarterly estimates of the
historical U.S. international accounts on a
balance of payments basis for 1960-98.
U.S. International Transactions, First Quarter 1999
(Diskette, IDN-0236, $20.00)
Contains annual estimates for 1998 and quarterly
estimates for 1997:1-1999:1 of the U.S. international
accounts on a balance of payments basis.
U.S. Business Enterprises Acquired or Established
by Foreign Direct Investors, 1992-98
(Diskette, IDN-0235, $20.00)
Presents the results of BEA's annual survey of new
foreign direct investment in the United States.
Gross Product by Industry for the United States and
States (CD-ROM, MCN-0231, $35.00)
Contains nominal and real estimates of gross
product originating for 1947-97 for the United
States and of gross state product for each State for
1977-97.
To order, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666).
Publications
State Personal Income* 1929-97
Presents detailed annual estimates of personal income
and per capita personal income for all States and the
methodology and sources of the data used to prepare
the estimates. Stock no. 003-010-00280-8, $38.00.
International Direct Investment: Studies by the
Bureau of Economic Analysis
Presents a collection of studies on multinational
companies, the guides to BEA's statistics, and the
methodologies used to prepare the estimates. Stock
no. 003—010—00278—6, $24.00.
U.S. Direct Investment Abroad: Operations
of U.S. Parent Companies and Their
Foreign Affiliates
Two publications: Revised 1996 Estimates, stock
no. 003-010-00281-6; Preliminary 1997 Estimates,
stock no. 003-010-00282-4 (call for prices).
Foreign Direct Investment in the United States:
Operations of U.S. Affiliates of Foreign Companies
Two publications: Revised 1995 Estimates^ stock no.
003-010-00274-3, $9.50; Revised 1996 Estimates^
stock no. 003-010-00279-4 , $8.50.
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Schedule of Upcoming BEA News Releases
Subject
Release
Date
U.S. International Trade in Goods and Services, June 1999
Gross Domestic Product, 2nd quarter 1999 (preliminary) and Corporate Profits, 2nd quarter 1999
(preliminary)
Personal Income and Outlays, July 1999
L
* Aug. 19
U.S. International Transactions, 2nd quarter 1999
U.S. International Trade in Goods and Services, July 1999
Gross Domestic Product, 2nd quarter 1999 (final) and Corporate Profits, 2nd quarter 1999 (revised)
Sept. 14
*Sept. 21
Sept. 30
Personal Income and Outlays, August 1999
U.S. International Trade in Goods and Services, August 1999
State Personal Income, 2nd quarter 1999
Gross Domestic Product, 3rd quarter 1999 (advance)
Oct. 1
* Oct. 20
Oct. 26
Oct. 28
Personal Income and Outlays, September 1999
U.S. International Trade in Goods and Services, September 1999
Gross Domestic Product, 3rd quarter 1999 (preliminary) and Corporate Profits, 3rd quarter 1999
(preliminary)
Personal Income and Outlays, October 1999
Nov. 2
* Nov. 18
* 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.
Aug. 26
Aug. 27
Nov. 24
Nov. 26
@FedFRASER